# EDGAR Filing Document

**Accession Number:** 0000710826
**File Stem:** 0001410368-26-055785
**Filing Date:** 2026-5
**Character Count:** 2321622
**Document Hash:** b56ffbfaaf01813a15031a226e478155
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-055785.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001410368-26-055785

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Brighthouse Funds Trust II
- **CENTRAL INDEX KEY:** 0000710826

**ORGANIZATION NAME:**
- **EIN:** 833164113
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03618
- **FILM NUMBER:** 261036947

**BUSINESS ADDRESS:**
- **STREET 1:** BRIGHTHOUSE INVESTMENT ADVISERS, LLC
- **STREET 2:** 11225 NORTH COMMUNITY HOUSE RD
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28277
- **BUSINESS PHONE:** 980-949-5121

**MAIL ADDRESS:**
- **STREET 1:** BRIGHTHOUSE INVESTMENT ADVISERS, LLC
- **STREET 2:** 11225 NORTH COMMUNITY HOUSE RD
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28277

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** METROPOLITAN SERIES FUND
- **DATE OF NAME CHANGE:** 20120430

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** METROPOLITAN SERIES FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Frontier Mid Cap Growth Portfolio (Series ID: S000006500)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000017769 | Class A      |  |
| C000017770 | Class B      |  |
| C000017771 | Class E      |  |
| C000030922 | Class D      |  |

## Nport-Ex

Brighthouse Funds Trust II

Schedule of Investments

March 31, 2026

------

**Brighthouse Funds Trust II**

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Glossary of Abbreviations  | **BHFTII-**2 |
| **Schedule of Investments as of March 31, 2026** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baillie Gifford International Stock Portfolio  | **BHFTII-**3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BlackRock Bond Income Portfolio  | **BHFTII-**7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BlackRock Capital Appreciation Portfolio  | **BHFTII-**75 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BlackRock Ultra-Short Term Bond Portfolio  | **BHFTII-**78 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brighthouse Asset Allocation 20 Portfolio  | **BHFTII-**81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brighthouse Asset Allocation 40 Portfolio  | **BHFTII-**84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brighthouse Asset Allocation 60 Portfolio  | **BHFTII-**87 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brighthouse Asset Allocation 80 Portfolio  | **BHFTII-**90 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Artisan Mid Cap Value Portfolio  | **BHFTII-**93 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Dimensional International Small Company Portfolio  | **BHFTII-**96 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Wellington Balanced Portfolio  | **BHFTII-**129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Wellington Core Equity Opportunities Portfolio  | **BHFTII-**151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Frontier Mid Cap Growth Portfolio  | **BHFTII-**154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jennison Growth Portfolio  | **BHFTII-**158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loomis Sayles Small Cap Core Portfolio  | **BHFTII-**160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loomis Sayles Small Cap Growth Portfolio  | **BHFTII-**164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MetLife Aggregate Bond Index Portfolio  | **BHFTII-**167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MetLife Mid Cap Stock Index Portfolio  | **BHFTII-**190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MetLife MSCI EAFE Index Portfolio  | **BHFTII-**198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MetLife Russell 2000 Index Portfolio  | **BHFTII-**208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MetLife Stock Index Portfolio  | **BHFTII-**229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MFS<sup>®</sup> Total Return Portfolio  | **BHFTII-**239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MFS<sup>®</sup> Value Portfolio  | **BHFTII-**252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neuberger Berman Genesis Portfolio  | **BHFTII-**255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; T. Rowe Price Large Cap Growth Portfolio  | **BHFTII-**258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; T. Rowe Price Small Cap Growth Portfolio  | **BHFTII-**264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VanEck Global Natural Resources Portfolio  | **BHFTII-**270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Western Asset Management Strategic Bond Opportunities Portfolio  | **BHFTII-**273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Western Asset Management U.S. Government Portfolio  | **BHFTII-**295 |
| Notes to the Schedule of Investments  | **BHFTII-**304 |

---

Not all Portfolios are available under every product. <br>Refer to your prospectus for information on the Portfolios that are available.

MSCI sponsors the MSCI EAFE® Index, Bloomberg sponsors the Bloomberg U.S. Aggregate Bond Index, Standard & Poor's sponsors the S&P 500® Index and the S&P 400 MidCap Index, and FTSE Russell sponsors the Russell 2000® Index (together referred to as the "index sponsors"). Direct investment in the indexes is not possible. The index sponsors do not sponsor, endorse, sell or promote any of the Brighthouse Funds Trust II (the "Fund's") Portfolios (the "Portfolios") or make any representation regarding the advisability of investing in the Portfolios. The index sponsors have no responsibility for and do not participate in the management of the Portfolio assets or sale of the Portfolio shares. Each index and its associated service marks are the exclusive property of the respective index sponsors, and references thereto have been made with permission. The Brighthouse Funds Trust II Statement of Additional Information contains a more detailed description of the limited relationship the index sponsors have with the Fund.

------

**Brighthouse Funds Trust II**

**Glossary of Abbreviations**

Counterparties

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(ANZ) — Australia & New Zealand Banking Corp.

&nbsp;&nbsp;&nbsp;&nbsp;(BBP) — Barclays Bank PLC

&nbsp;&nbsp;&nbsp;&nbsp;(BNP) — BNP Paribas SA

&nbsp;&nbsp;&nbsp;&nbsp;(BOA) — Bank of America NA

&nbsp;&nbsp;&nbsp;&nbsp;(CBNA) — Citibank NA

&nbsp;&nbsp;&nbsp;&nbsp;(CIBC) — Canadian Imperial Bank of Commerce

&nbsp;&nbsp;&nbsp;&nbsp;(DBAG) — Deutsche Bank AG

&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(GSI) — Goldman Sachs International

&nbsp;&nbsp;&nbsp;&nbsp;(HSBC) — HSBC Bank PLC

&nbsp;&nbsp;&nbsp;&nbsp;(JPMC) — JPMorgan Chase Bank NA

&nbsp;&nbsp;&nbsp;&nbsp;(MSC) — Morgan Stanley & Co.

&nbsp;&nbsp;&nbsp;&nbsp;(MSIP) — Morgan Stanley & Co. International PLC

&nbsp;&nbsp;&nbsp;&nbsp;(NIP) — Nomura International PLC

&nbsp;&nbsp;&nbsp;&nbsp;(NWM) — NatWest Markets PLC

&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(SCB) — Standard Chartered Bank

&nbsp;&nbsp;&nbsp;&nbsp;(SG) — Societe Generale Paris

&nbsp;&nbsp;&nbsp;&nbsp;(SSBT) — State Street Bank and Trust Co.

&nbsp;&nbsp;&nbsp;&nbsp;(TDB) — Toronto Dominion Bank

&nbsp;&nbsp;&nbsp;&nbsp;(UBSA) — UBS AG

&nbsp;&nbsp;&nbsp;&nbsp;(WBC) — Westpac Banking Corp.

Currencies

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(ARS) — Argentine Peso

&nbsp;&nbsp;&nbsp;&nbsp;(AUD) — Australian Dollar

&nbsp;&nbsp;&nbsp;&nbsp;(BRL) — Brazilian Real

&nbsp;&nbsp;&nbsp;&nbsp;(CAD) — Canadian Dollar

&nbsp;&nbsp;&nbsp;&nbsp;(CHF) — Swiss Franc

&nbsp;&nbsp;&nbsp;&nbsp;(CLP) — Chilean Peso

&nbsp;&nbsp;&nbsp;&nbsp;(CNH) — Chinese Renminbi

&nbsp;&nbsp;&nbsp;&nbsp;(CNY) — Chinese Yuan

&nbsp;&nbsp;&nbsp;&nbsp;(COP) — Colombian Peso

&nbsp;&nbsp;&nbsp;&nbsp;(CZK) — Czech Koruna

&nbsp;&nbsp;&nbsp;&nbsp;(DOP) — Dominican Peso

&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(EGP) — Egypt Pound

&nbsp;&nbsp;&nbsp;&nbsp;(EUR) — Euro

&nbsp;&nbsp;&nbsp;&nbsp;(GBP) — British Pound

&nbsp;&nbsp;&nbsp;&nbsp;(HUF) — Hungarian Forint

&nbsp;&nbsp;&nbsp;&nbsp;(IDR) — Indonesian Rupiah

&nbsp;&nbsp;&nbsp;&nbsp;(INR) — Indian Rupee

&nbsp;&nbsp;&nbsp;&nbsp;(JMD) — Jamaica Dollar

&nbsp;&nbsp;&nbsp;&nbsp;(JPY) — Japanese Yen

&nbsp;&nbsp;&nbsp;&nbsp;(KRW) — South Korean Won

&nbsp;&nbsp;&nbsp;&nbsp;(MXN) — Mexican Peso

&nbsp;&nbsp;&nbsp;&nbsp;(MYR) — Malaysian Ringgit

&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(NGN) — Nigeria Naira

&nbsp;&nbsp;&nbsp;&nbsp;(PEN) — Peruvian Nuevo Sol

&nbsp;&nbsp;&nbsp;&nbsp;(PHP) — Philippine Peso

&nbsp;&nbsp;&nbsp;&nbsp;(PLN) — Polish Zloty

&nbsp;&nbsp;&nbsp;&nbsp;(PYG) — Paraguay Guarani

&nbsp;&nbsp;&nbsp;&nbsp;(SGD) — Singapore Dollar

&nbsp;&nbsp;&nbsp;&nbsp;(THB) — Thai Baht

&nbsp;&nbsp;&nbsp;&nbsp;(TRY) — Turkish Lira

&nbsp;&nbsp;&nbsp;&nbsp;(USD) — United States Dollar

&nbsp;&nbsp;&nbsp;&nbsp;(UYU) — Uruguay Peso

&nbsp;&nbsp;&nbsp;&nbsp;(ZAR) — South African Rand

Index Abbreviations

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| (BUBOR) | — Budapest Interbank Offered Rate |
| (CAMARA) | — Chilean Average Chamber Index |
| (CDI) | — Brazil Interbank Deposit Rate |
| (CDX.NA.HY) | — Markit North America High Yield CDS Index |
| (CMBX.NA.AAA) | &nbsp;&nbsp;&nbsp;&nbsp; — Markit North America AAA Rated CMBS <br> Index<br>|
| (CMBX.NA.BBB-) | &nbsp;&nbsp;&nbsp;&nbsp; — Markit North America BBB- Rated CMBS <br> Index<br>|
| (CNRR) | — China 7 Day Reverse Repo Rates |
| (COP-IBR) | — Colombian Peso Overnight Interbank Rate |
| (CPURNSA) | &nbsp;&nbsp;&nbsp;&nbsp; — U.S. Consumer Price for All Urban Consumers <br> Non-Seasonally Adjusted<br>|
| (EURIBOR) | — Euro Interbank Offered Rate |

---

&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| (H15) | &nbsp;&nbsp;&nbsp;&nbsp; — U.S. Treasury Yield Curve Rate T-Note <br> Constant Maturity Index<br>|
| (ITRX.EUR) | — Markit iTraxx Europe CDS Index |
| (ITRX.EUR.XOVER) | — Markit iTraxx Europe Crossover CDS Index |
| (ITRX.FINSR) | &nbsp;&nbsp;&nbsp;&nbsp; — Markit iTraxx Europe Senior Financial CDS <br> Index<br>|
| (JIBAR) | — Johannnesberg Interbank Average Rate |
| (KLIBOR) | — Kuala Lumpur Interbank Offered Rate |
| (MIBOR) | — Mumbai Interbank Offered Rate |
| (MTA) | — Monthly Treasury Average Index |
| (PRIBOR) | — Prague Interbank Offered Rate |
| (PRIME) | — U.S. Federal Reserve Prime Rate |

---

&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(RFUCCT) — Refinitiv USD IBOR Consumer Cash Fallbacks Term

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(SOFR) — Secured Overnight Financing Rate

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(SOFR30A) — Secured Overnight Financing Rate 30-Day Average

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(SONIA) — Sterling Overnight Interbank Average Rate

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(THOR) — Thai Overnight Repurchase Rate

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(TIIE) — Mexican Interbank Equilibrium Interest Rate

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(TSFR) — Term Secured Overnight Financing Rate

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UKG) — U.K. Government Bond

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UST) — U.S. Treasury Bill Rate

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(WIBOR) — Warsaw Interbank Offered Rate

Other Abbreviations

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(ACES) — Alternative Credit Enhancement Securities

&nbsp;&nbsp;&nbsp;&nbsp;(ADR) — American Depositary Receipt

&nbsp;&nbsp;&nbsp;&nbsp;(CDO) — Collateralized Debt Obligation

&nbsp;&nbsp;&nbsp;&nbsp;(CLO) — Collateralized Loan Obligation

&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(DAC) — Designated Activity Company

&nbsp;&nbsp;&nbsp;&nbsp;(ETF) — Exchange-Traded Fund

&nbsp;&nbsp;&nbsp;&nbsp;(ICE) — Intercontinental Exchange, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;(IG) — Investment Grade

&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(IRS) — Interest Rate Swap

&nbsp;&nbsp;&nbsp;&nbsp;(REIT) — Real Estate Investment Trust

&nbsp;&nbsp;&nbsp;&nbsp;(REMICS) — Real Estate Mortgage Investment Conduit

&nbsp;&nbsp;&nbsp;&nbsp;(STACR) — Structured Agency Credit Risk

**BHFTII-2**

------

**Brighthouse Funds Trust II**

**Baillie Gifford International Stock Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—99.0% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Australia — 2.9%** | **Australia — 2.9%** | **Australia — 2.9%** |
| Rio Tinto PLC | 383391 | &nbsp;&nbsp;&nbsp; $35636882 |
| **Belgium — 1.0%** | **Belgium — 1.0%** | **Belgium — 1.0%** |
| KBC Group NV | 100596 | &nbsp;&nbsp;&nbsp; 12297282 |
| **Brazil — 6.0%** | **Brazil — 6.0%** | **Brazil — 6.0%** |
| B3 SA - Brasil Bolsa Balcao | 8502400 | &nbsp;&nbsp;&nbsp; 30202450 |
| MercadoLibre, Inc. (a) | 16099 | &nbsp;&nbsp;&nbsp; 27835493 |
| Petroleo Brasileiro SA - Petrobras (ADR) | 814081 | &nbsp;&nbsp;&nbsp; 16892181 |
|  |  | &nbsp;&nbsp;&nbsp; 74930124 |
| **Canada — 3.8%** | **Canada — 3.8%** | **Canada — 3.8%** |
| Constellation Software, Inc.  | 5127 | &nbsp;&nbsp;&nbsp; 9000131 |
| Lumine Group, Inc. (a) | 369411 | &nbsp;&nbsp;&nbsp; 5884658 |
| Shopify, Inc. - Class A (a) | 100117 | &nbsp;&nbsp;&nbsp; 11875879 |
| Stella-Jones, Inc.  | 197685 | &nbsp;&nbsp;&nbsp; 13264264 |
| TFI International, Inc.  | 72605 | &nbsp;&nbsp;&nbsp; 7902990 |
|  |  | &nbsp;&nbsp;&nbsp; 47927922 |
| **Chile — 1.8%** | **Chile — 1.8%** | **Chile — 1.8%** |
| Lundin Mining Corp.  | 873952 | &nbsp;&nbsp;&nbsp; 21793829 |
| **China — 10.4%** | **China — 10.4%** | **China — 10.4%** |
| Contemporary Amperex Technology Co. Ltd. - Class A | 255200 | &nbsp;&nbsp;&nbsp; 14958144 |
| Kweichow Moutai Co. Ltd. - Class A | 37300 | &nbsp;&nbsp;&nbsp; 7858038 |
| Midea Group Co. Ltd. - Class A | 1697500 | &nbsp;&nbsp;&nbsp; 18857492 |
| PDD Holdings, Inc. (ADR) (a) | 72073 | &nbsp;&nbsp;&nbsp; 7364419 |
| Ping An Insurance Group Co. of China Ltd. - Class H | 2487000 | &nbsp;&nbsp;&nbsp; 19394573 |
| Silergy Corp.  | 761000 | &nbsp;&nbsp;&nbsp; 6992219 |
| Tencent Holdings Ltd.  | 652700 | &nbsp;&nbsp;&nbsp; 41206193 |
| Tencent Music Entertainment Group (ADR) | 850999 | &nbsp;&nbsp;&nbsp; 7897271 |
| Zijin Mining Group Co. Ltd. - Class H | 1150000 | &nbsp;&nbsp;&nbsp; 5224856 |
|  |  | &nbsp;&nbsp;&nbsp; 129753205 |
| **Denmark — 3.6%** | **Denmark — 3.6%** | **Denmark — 3.6%** |
| DSV AS | 118026 | &nbsp;&nbsp;&nbsp; 28196901 |
| Novonesis (Novozymes) - B Shares | 278546 | &nbsp;&nbsp;&nbsp; 16481502 |
|  |  | &nbsp;&nbsp;&nbsp; 44678403 |
| **France — 5.0%** | **France — 5.0%** | **France — 5.0%** |
| Danone SA | 250693 | &nbsp;&nbsp;&nbsp; 20133710 |
| Edenred SE | 486371 | &nbsp;&nbsp;&nbsp; 9683895 |
| LVMH Moet Hennessy Louis Vuitton SE | 19010 | &nbsp;&nbsp;&nbsp; 10566997 |
| Nexans SA | 56166 | &nbsp;&nbsp;&nbsp; 7599624 |
| TotalEnergies SE | 151884 | &nbsp;&nbsp;&nbsp; 14023945 |
|  |  | &nbsp;&nbsp;&nbsp; 62008171 |
| **Germany — 6.3%** | **Germany — 6.3%** | **Germany — 6.3%** |
| BioNTech SE (ADR) (a) (b) | 54018 | &nbsp;&nbsp;&nbsp; 4801120 |
| Deutsche Boerse AG | 119838 | &nbsp;&nbsp;&nbsp; 34841232 |
| Rational AG | 12219 | &nbsp;&nbsp;&nbsp; 8844687 |
| SAP SE | 71225 | &nbsp;&nbsp;&nbsp; 12053624 |
| Scout24 SE | 233593 | &nbsp;&nbsp;&nbsp; 17898239 |
|  |  | &nbsp;&nbsp;&nbsp; 78438902 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Hong Kong — 2.1%** | **Hong Kong — 2.1%** | **Hong Kong — 2.1%** |
| AIA Group Ltd.  | 2299400 | &nbsp;&nbsp;&nbsp; $25831112 |
| **India — 2.3%** | **India — 2.3%** | **India — 2.3%** |
| HDFC Bank Ltd.  | 2358747 | &nbsp;&nbsp;&nbsp; 18843722 |
| ICICI Lombard General Insurance Co. Ltd.  | 536862 | &nbsp;&nbsp;&nbsp; 9707296 |
|  |  | &nbsp;&nbsp;&nbsp; 28551018 |
| **Ireland — 1.6%** | **Ireland — 1.6%** | **Ireland — 1.6%** |
| Kingspan Group PLC | 242876 | &nbsp;&nbsp;&nbsp; 20500964 |
| **Italy — 4.0%** | **Italy — 4.0%** | **Italy — 4.0%** |
| FinecoBank Banca Fineco SpA | 916664 | &nbsp;&nbsp;&nbsp; 20352649 |
| Ryanair Holdings PLC (ADR) | 372626 | &nbsp;&nbsp;&nbsp; 21537783 |
| Technoprobe SpA (a) | 498019 | &nbsp;&nbsp;&nbsp; 8404038 |
|  |  | &nbsp;&nbsp;&nbsp; 50294470 |
| **Japan — 13.4%** | **Japan — 13.4%** | **Japan — 13.4%** |
| Keyence Corp.  | 35100 | &nbsp;&nbsp;&nbsp; 12430849 |
| Money Forward, Inc. (a) (b) | 285100 | &nbsp;&nbsp;&nbsp; 6313008 |
| MonotaRO Co. Ltd.  | 713600 | &nbsp;&nbsp;&nbsp; 7671386 |
| Nihon M&A Center Holdings, Inc. (b) | 2242500 | &nbsp;&nbsp;&nbsp; 9046454 |
| Nintendo Co. Ltd.  | 152900 | &nbsp;&nbsp;&nbsp; 8724606 |
| Nippon Paint Holdings Co. Ltd.  | 1779100 | &nbsp;&nbsp;&nbsp; 11104545 |
| Recruit Holdings Co. Ltd.  | 177400 | &nbsp;&nbsp;&nbsp; 7674487 |
| Shimano, Inc.  | 105700 | &nbsp;&nbsp;&nbsp; 11076475 |
| SMC Corp. (b) | 35000 | &nbsp;&nbsp;&nbsp; 13689895 |
| SoftBank Group Corp.  | 536200 | &nbsp;&nbsp;&nbsp; 12887103 |
| Sony Financial Group, Inc. (b) | 6455600 | &nbsp;&nbsp;&nbsp; 5880966 |
| Sony Group Corp.  | 1115300 | &nbsp;&nbsp;&nbsp; 23004563 |
| Sumitomo Mitsui Trust Group, Inc. (b) | 546800 | &nbsp;&nbsp;&nbsp; 17400791 |
| Tokyo Electron Ltd.  | 46400 | &nbsp;&nbsp;&nbsp; 11347218 |
| Unicharm Corp.  | 1525300 | &nbsp;&nbsp;&nbsp; 8882125 |
|  |  | &nbsp;&nbsp;&nbsp; 167134471 |
| **Kazakhstan — 0.7%** | **Kazakhstan — 0.7%** | **Kazakhstan — 0.7%** |
| Kaspi.KZ JSC (ADR) (a) (b) | 119783 | &nbsp;&nbsp;&nbsp; 8872327 |
| **Netherlands — 4.8%** | **Netherlands — 4.8%** | **Netherlands — 4.8%** |
| Adyen NV (a) | 11890 | &nbsp;&nbsp;&nbsp; 11897715 |
| ASML Holding NV | 20116 | &nbsp;&nbsp;&nbsp; 26626284 |
| IMCD NV (b) | 147326 | &nbsp;&nbsp;&nbsp; 15376264 |
| Magnum Ice Cream Co. NV (a) (b) | 445534 | &nbsp;&nbsp;&nbsp; 6539873 |
|  |  | &nbsp;&nbsp;&nbsp; 60440136 |
| **Norway — 0.7%** | **Norway — 0.7%** | **Norway — 0.7%** |
| Salmar ASA | 148471 | &nbsp;&nbsp;&nbsp; 8672786 |
| **Panama — 0.7%** | **Panama — 0.7%** | **Panama — 0.7%** |
| Copa Holdings SA - Class A | 78882 | &nbsp;&nbsp;&nbsp; 8961784 |
| **Peru — 1.1%** | **Peru — 1.1%** | **Peru — 1.1%** |
| Credicorp Ltd.  | 39085 | &nbsp;&nbsp;&nbsp; 13256850 |
| **Russia — 0.0%** | **Russia — 0.0%** | **Russia — 0.0%** |
| GMK Norilskiy Nickel PAO (a) (c) (d) | 3921000 | &nbsp;&nbsp;&nbsp; 0 |

---

**BHFTII-3**

------

**Brighthouse Funds Trust II**

**Baillie Gifford International Stock Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

**Short-Term Investments—0.5%**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Russia — (Continued)** | **Russia — (Continued)** | **Russia — (Continued)** |
| MMC Norilsk Nickel PJSC (ADR) (a) (c) (d) | 7 | &nbsp;&nbsp;&nbsp; $0 |
|  |  | &nbsp;&nbsp;&nbsp; 0 |
| **Singapore — 2.4%** | **Singapore — 2.4%** | **Singapore — 2.4%** |
| Sea Ltd. (ADR) (a) | 120897 | &nbsp;&nbsp;&nbsp; 10011481 |
| United Overseas Bank Ltd.  | 699600 | &nbsp;&nbsp;&nbsp; 20121614 |
|  |  | &nbsp;&nbsp;&nbsp; 30133095 |
| **South Africa — 1.9%** | **South Africa — 1.9%** | **South Africa — 1.9%** |
| Discovery Ltd. (b) | 1625722 | &nbsp;&nbsp;&nbsp; 23898480 |
| **South Korea — 3.8%** | **South Korea — 3.8%** | **South Korea — 3.8%** |
| Samsung Electronics Co. Ltd.  | 426879 | &nbsp;&nbsp;&nbsp; 47951335 |
| **Sweden — 2.8%** | **Sweden — 2.8%** | **Sweden — 2.8%** |
| Atlas Copco AB - B Shares | 1009541 | &nbsp;&nbsp;&nbsp; 15685697 |
| MIPS AB | 116562 | &nbsp;&nbsp;&nbsp; 2898230 |
| Skandinaviska Enskilda Banken AB - Class A (b) | 859229 | &nbsp;&nbsp;&nbsp; 15786260 |
|  |  | &nbsp;&nbsp;&nbsp; 34370187 |
| **Switzerland — 1.9%** | **Switzerland — 1.9%** | **Switzerland — 1.9%** |
| Cie Financiere Richemont SA - Class A | 56113 | &nbsp;&nbsp;&nbsp; 9998936 |
| Sandoz Group AG | 172258 | &nbsp;&nbsp;&nbsp; 13511650 |
|  |  | &nbsp;&nbsp;&nbsp; 23510586 |
| **Taiwan — 7.7%** | **Taiwan — 7.7%** | **Taiwan — 7.7%** |
| MediaTek, Inc.  | 292000 | &nbsp;&nbsp;&nbsp; 14138957 |
| Taiwan Semiconductor Manufacturing Co. Ltd.  | 1454000 | &nbsp;&nbsp;&nbsp; 81969885 |
|  |  | &nbsp;&nbsp;&nbsp; 96108842 |
| **United Kingdom — 1.1%** | **United Kingdom — 1.1%** | **United Kingdom — 1.1%** |
| Unilever PLC | 242240 | &nbsp;&nbsp;&nbsp; 13581606 |
| **United States — 5.2%** | **United States — 5.2%** | **United States — 5.2%** |
| CRH PLC | 193050 | &nbsp;&nbsp;&nbsp; 20070929 |
| Experian PLC | 371702 | &nbsp;&nbsp;&nbsp; 12919837 |
| Roche Holding AG | 59220 | &nbsp;&nbsp;&nbsp; 23383955 |
| Spotify Technology SA (a) | 17667 | &nbsp;&nbsp;&nbsp; 8566905 |
|  |  | &nbsp;&nbsp;&nbsp; 64941626 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $1,004,566,000) <br>|  | &nbsp;&nbsp;&nbsp; 1234476395 |
| **Warrants—0.0%** | **Warrants—0.0%** | **Warrants—0.0%** |
| **Canada — 0.0%** | **Canada — 0.0%** | **Canada — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Constellation Software, Inc., Expires 03/31/40 (a) <br>(Cost $0)<br>| 10541 | &nbsp;&nbsp;&nbsp; 0 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***/<br> **Shares**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Repurchase Agreement — 0.5%** | **Repurchase Agreement — 0.5%** | **Repurchase Agreement — 0.5%** |
| Fixed Income Clearing Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 2.500%, due on <br> 04/01/26 with a maturity value of $6,235,295; <br> collateralized by U.S. Treasury Note at 4.375%, maturing <br> 07/15/27, with a market value of $6,359,697<br>| 6234862 | &nbsp;&nbsp;&nbsp; $6234862 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $6,234,862) <br>|  | &nbsp;&nbsp;&nbsp; 6234862 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (e)—4.7%** | **Securities Lending Reinvestments (e)—4.7%** | **Securities Lending Reinvestments (e)—4.7%** |
| **Short-Term Investment Funds — 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds FedFund, <br>Institutional Shares, 3.550% (f)<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class, 3.540% (f)<br>| 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Government Portfolio, <br>Class I, 3.530% (f)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br>Institutional Shares, 3.530% (f)<br>| 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco STIT-Government & Agency Portfolio, <br>Institutional Class, 3.580% (f)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares, 3.580% (f)<br>| 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, <br>Premier Class, 3.600% (f)<br>| 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
|  |  | &nbsp;&nbsp;&nbsp; 25000000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Time Deposits — 0.5%** | **Time Deposits — 0.5%** | **Time Deposits — 0.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Credit Agricole CIB <br>3.630%, 04/01/26<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; DZ Bank AG <br>3.610%, 04/01/26<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Svenska NY <br>3.610%, 04/01/26<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
|  |  | &nbsp;&nbsp;&nbsp; 6000000 |
| **Repurchase Agreements — 2.2%** | **Repurchase Agreements — 2.2%** | **Repurchase Agreements — 2.2%** |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $4,000,406; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.000% - <br> 5.000%, maturity dates ranging from 06/30/26 - 02/15/54, <br> and an aggregate market value of $4,080,000<br>| 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.700%, due on <br> 04/01/26 with a maturity value of $2,000,206; collateralized <br> by various Common Stock with an aggregate market value of <br> $2,224,562<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.770%, due on <br> 04/01/26 with a maturity value of $4,000,419; collateralized <br> by various Common Stock with an aggregate market value of <br> $4,449,124<br>| 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| Cantor Fitzgerald & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.670%, due on <br> 04/01/26 with a maturity value of $3,975,405; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.000% - <br> 4.875%, maturity dates ranging from 04/09/26 - 02/15/56, <br> and an aggregate market value of $4,054,500<br>| 3975000 | &nbsp;&nbsp;&nbsp; 3975000 |

---

**BHFTII-4**

------

**Brighthouse Funds Trust II**

**Baillie Gifford International Stock Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Securities Lending Reinvestments (e)—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Repurchase Agreements — (Continued)** | **Repurchase Agreements — (Continued)** | **Repurchase Agreements — (Continued)** |
| Citigroup Global Markets, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.690%, due on <br> 04/01/26 with a maturity value of $5,000,512; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.125% - <br> 6.125%, maturity dates ranging from 06/15/27 - 02/15/32, <br> and various Common Stock with an aggregate market value of <br> $5,100,066<br>| 5000000 | &nbsp;&nbsp;&nbsp; $5000000 |
| National Bank Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $400,042; collateralized <br> by U.S. Treasury Bond at 3.875%, maturing 02/15/43, and <br> various Common Stock with an aggregate market value of <br> $444,393<br>| 400000 | &nbsp;&nbsp;&nbsp; 400000 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $30,003; collateralized by <br> various Common Stock with an aggregate market value of <br> $33,439<br>| 30000 | &nbsp;&nbsp;&nbsp; 30000 |
| NatWest Markets Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $7,865,397; collateralized <br> by U.S. Treasury Obligations with rates ranging from 1.125% - <br> 4.875%, maturity dates ranging from 09/15/26 - 08/15/35, <br> and an aggregate market value of $8,022,706<br>| 7864600 | &nbsp;&nbsp;&nbsp; 7864600 |
|  |  | &nbsp;&nbsp;&nbsp; 27269600 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $58,269,600) <br>|  | &nbsp;&nbsp;&nbsp; 58269600 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—104.2% <br>(Cost $1,069,070,462) <br>|  | &nbsp;&nbsp;&nbsp; 1298980857 |
| Other assets and liabilities (net)—(4.2)%  |  | &nbsp;&nbsp;&nbsp; (51971936)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1247008921 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Principal amount stated in U.S. dollars unless otherwise noted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) All or a portion of the security was held on loan. As of March 31, 2026, the market
 value of securities loaned was $84,145,205 and the collateral received consisted of cash in
 the amount of $58,269,600 and non-cash collateral with a value of $28,673,768. 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.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Security was valued in good faith under procedures subject to oversight by the Board
 of Trustees. As of March 31, 2026, these securities represent 0.0% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Significant unobservable inputs were used in the valuation of this portfolio security;
 i.e. Level 3.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Represents investment of cash collateral received from securities on loan as of March
 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(f) The rate shown represents the annualized seven-day yield as of March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Ten Largest Industries as of** <br>**March 31, 2026 (Unaudited)**<br>| **% of** <br>**Net Assets**<br>|
| Semiconductors & Semiconductor Equipment | 12.0 |
| Banks | 9.5 |
| Insurance | 6.3 |
| Capital Markets | 5.9 |
| Metals & Mining | 5.0 |
| Interactive Media & Services | 4.7 |
| Technology Hardware, Storage & Peripherals | 3.8 |
| Broadline Retail | 3.6 |
| Household Durables | 3.4 |
| Machinery | 3.1 |

---

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Australia | &nbsp;&nbsp; $— | &nbsp;&nbsp; $35636882 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $35636882 |
| &nbsp;&nbsp;&nbsp; Belgium | &nbsp;&nbsp; — | &nbsp;&nbsp; 12297282 | &nbsp;&nbsp; — | &nbsp;&nbsp; 12297282 |
| &nbsp;&nbsp;&nbsp; Brazil | &nbsp;&nbsp; 74930124 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 74930124 |
| &nbsp;&nbsp;&nbsp; Canada | &nbsp;&nbsp; 47927922 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 47927922 |
| &nbsp;&nbsp;&nbsp; Chile | &nbsp;&nbsp; 21793829 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 21793829 |
| &nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp; 15261690 | &nbsp;&nbsp; 114491515 | &nbsp;&nbsp; — | &nbsp;&nbsp; 129753205 |
| &nbsp;&nbsp;&nbsp; Denmark | &nbsp;&nbsp; — | &nbsp;&nbsp; 44678403 | &nbsp;&nbsp; — | &nbsp;&nbsp; 44678403 |
| &nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp; — | &nbsp;&nbsp; 62008171 | &nbsp;&nbsp; — | &nbsp;&nbsp; 62008171 |
| &nbsp;&nbsp;&nbsp; Germany | &nbsp;&nbsp; 4801120 | &nbsp;&nbsp; 73637782 | &nbsp;&nbsp; — | &nbsp;&nbsp; 78438902 |
| &nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp; — | &nbsp;&nbsp; 25831112 | &nbsp;&nbsp; — | &nbsp;&nbsp; 25831112 |
| &nbsp;&nbsp;&nbsp; India | &nbsp;&nbsp; — | &nbsp;&nbsp; 28551018 | &nbsp;&nbsp; — | &nbsp;&nbsp; 28551018 |
| &nbsp;&nbsp;&nbsp; Ireland | &nbsp;&nbsp; — | &nbsp;&nbsp; 20500964 | &nbsp;&nbsp; — | &nbsp;&nbsp; 20500964 |
| &nbsp;&nbsp;&nbsp; Italy | &nbsp;&nbsp; 21537783 | &nbsp;&nbsp; 28756687 | &nbsp;&nbsp; — | &nbsp;&nbsp; 50294470 |
| &nbsp;&nbsp;&nbsp; Japan | &nbsp;&nbsp; — | &nbsp;&nbsp; 167134471 | &nbsp;&nbsp; — | &nbsp;&nbsp; 167134471 |
| &nbsp;&nbsp;&nbsp; Kazakhstan | &nbsp;&nbsp; 8872327 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 8872327 |

---

**BHFTII-5**

------

**Brighthouse Funds Trust II**

**Baillie Gifford International Stock Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Fair Value Hierarchy — (Continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| &nbsp;&nbsp;&nbsp;&nbsp; Netherlands | &nbsp;&nbsp;&nbsp; $6539873 | &nbsp;&nbsp;&nbsp; $53900263 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $60440136 |
| &nbsp;&nbsp;&nbsp;&nbsp; Norway | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8672786 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8672786 |
| &nbsp;&nbsp;&nbsp;&nbsp; Panama | &nbsp;&nbsp;&nbsp; 8961784 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8961784 |
| &nbsp;&nbsp;&nbsp;&nbsp; Peru | &nbsp;&nbsp;&nbsp; 13256850 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13256850 |
| &nbsp;&nbsp;&nbsp;&nbsp; Russia | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore | &nbsp;&nbsp;&nbsp; 10011481 | &nbsp;&nbsp;&nbsp; 20121614 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 30133095 |
| &nbsp;&nbsp;&nbsp;&nbsp; South Africa | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23898480 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23898480 |
| &nbsp;&nbsp;&nbsp;&nbsp; South Korea | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 47951335 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 47951335 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sweden | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 34370187 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 34370187 |
| &nbsp;&nbsp;&nbsp;&nbsp; Switzerland | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23510586 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23510586 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taiwan | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 96108842 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 96108842 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13581606 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13581606 |
| &nbsp;&nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp; 8566905 | &nbsp;&nbsp;&nbsp; 56374721 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 64941626 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 242461688 | &nbsp;&nbsp;&nbsp; 992014707 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 1234476395 |
| Total Warrants\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6234862 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6234862 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 25000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 27269600 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 27269600 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 25000000 | &nbsp;&nbsp;&nbsp; 33269600 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 58269600 |
| Total Investments | &nbsp;&nbsp;&nbsp; $267461688 | &nbsp;&nbsp;&nbsp; $1031519169 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $1298980857 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(58269600)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(58269600)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended March 31, 2026 is not presented.

**BHFTII-6**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—35.2%**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Agency Collateralized Mortgage Obligations — 2.0%** | **Agency Collateralized Mortgage Obligations — 2.0%** | **Agency Collateralized Mortgage Obligations — 2.0%** |
| Federal Home Loan Mortgage Corp. REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.762%, SOFR30A + 1.100%, 11/25/54 (a) | 1031070 | &nbsp;&nbsp;&nbsp; $1034173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.962%, SOFR30A + 1.300%, 12/25/54 (a) | 809411 | &nbsp;&nbsp;&nbsp; 814432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.012%, SOFR30A + 1.350%, 10/25/54 (a) | 773205 | &nbsp;&nbsp;&nbsp; 779103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.012%, SOFR30A + 1.350%, 02/25/55 (a) | 661224 | &nbsp;&nbsp;&nbsp; 665903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.012%, SOFR30A + 1.350%, 08/25/55 (a) | 1559001 | &nbsp;&nbsp;&nbsp; 1570143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.062%, SOFR30A + 1.400%, 02/25/54 (a) | 594428 | &nbsp;&nbsp;&nbsp; 598995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.062%, SOFR30A + 1.400%, 12/25/54 (a) | 480115 | &nbsp;&nbsp;&nbsp; 483803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.062%, SOFR30A + 1.400%, 02/25/55 (a) | 6546906 | &nbsp;&nbsp;&nbsp; 6597636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.062%, SOFR30A + 1.400%, 03/25/55 (a) | 14204922 | &nbsp;&nbsp;&nbsp; 14323641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.062%, SOFR30A + 1.400%, 05/25/55 (a) | 921417 | &nbsp;&nbsp;&nbsp; 929340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.162%, SOFR30A + 1.500%, 12/25/54 (a) | 1095459 | &nbsp;&nbsp;&nbsp; 1107227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.162%, SOFR30A + 1.500%, 05/25/55 (a) | 829574 | &nbsp;&nbsp;&nbsp; 838471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.162%, SOFR30A + 1.500%, 06/25/55 (a) | 2949390 | &nbsp;&nbsp;&nbsp; 2981094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.262%, SOFR30A + 1.600%, 02/25/55 (a) | 844021 | &nbsp;&nbsp;&nbsp; 853676 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Seasoned Credit Risk <br> Transfer Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/25/56 (144A) (b) | 768962 | &nbsp;&nbsp;&nbsp; 123272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.528%, 07/25/56 (144A) (a) (c) | 835745 | &nbsp;&nbsp;&nbsp; 95439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.429%, 05/25/57 (a) | 157109 | &nbsp;&nbsp;&nbsp; 66852 |
| Federal National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.712%, SOFR30A + 1.050%, 01/25/54 (a) | 1241161 | &nbsp;&nbsp;&nbsp; 1246382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.762%, SOFR30A + 1.100%, 08/25/53 (a) | 1259494 | &nbsp;&nbsp;&nbsp; 1266435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.762%, SOFR30A + 1.100%, 09/25/54 (a) | 893485 | &nbsp;&nbsp;&nbsp; 898410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.962%, SOFR30A + 1.300%, 03/25/55 (a) | 960441 | &nbsp;&nbsp;&nbsp; 966907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.012%, SOFR30A + 1.350%, 02/25/55 (a) | 818366 | &nbsp;&nbsp;&nbsp; 824103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.012%, SOFR30A + 1.350%, 03/25/55 (a) | 472083 | &nbsp;&nbsp;&nbsp; 475376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.062%, SOFR30A + 1.400%, 08/25/54 (a) | 433276 | &nbsp;&nbsp;&nbsp; 436933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.062%, SOFR30A + 1.400%, 12/25/54 (a) | 2165320 | &nbsp;&nbsp;&nbsp; 2182131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.062%, SOFR30A + 1.400%, 08/25/55 (a) | 588275 | &nbsp;&nbsp;&nbsp; 593421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.112%, SOFR30A + 1.450%, 02/25/55 (a) | 1603746 | &nbsp;&nbsp;&nbsp; 1617834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.162%, SOFR30A + 1.500%, 06/25/55 (a) | 597988 | &nbsp;&nbsp;&nbsp; 604370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.212%, SOFR30A + 1.550%, 06/25/55 (a) | 1112301 | &nbsp;&nbsp;&nbsp; 1125617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.262%, SOFR30A + 1.600%, 05/25/55 (a) | 1006413 | &nbsp;&nbsp;&nbsp; 1019304 |
| Government National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/20/51 (c) | 784872 | &nbsp;&nbsp;&nbsp; 131300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.923%, SOFR30A + 1.250%, 01/20/55 (a) | 697544 | &nbsp;&nbsp;&nbsp; 701451 |
| Seasoned Loans Structured Transaction Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 09/25/60 (144A) (a) | 713008 | &nbsp;&nbsp;&nbsp; 709229 |
|  |  | &nbsp;&nbsp;&nbsp; 48662403 |
| **Agency Mortgage-Backed Securities — 33.2%** | **Agency Mortgage-Backed Securities — 33.2%** | **Agency Mortgage-Backed Securities — 33.2%** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 04/01/36 | 2261358 | &nbsp;&nbsp;&nbsp; 2047908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 05/01/36 | 414732 | &nbsp;&nbsp;&nbsp; 375257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 08/01/50 | 756092 | &nbsp;&nbsp;&nbsp; 587395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 10/01/50 | 1923234 | &nbsp;&nbsp;&nbsp; 1487611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 09/01/35 | 528701 | &nbsp;&nbsp;&nbsp; 487107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 01/01/36 | 1065518 | &nbsp;&nbsp;&nbsp; 984469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/36 | 1326548 | &nbsp;&nbsp;&nbsp; 1223270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/36 | 214220 | &nbsp;&nbsp;&nbsp; 197485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/01/36 | 1253256 | &nbsp;&nbsp;&nbsp; 1154977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 06/01/36 | 856055 | &nbsp;&nbsp;&nbsp; 791551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 07/01/36 | 369035 | &nbsp;&nbsp;&nbsp; 341225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/37 | 398418 | &nbsp;&nbsp;&nbsp; 367550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/42 | 346805 | &nbsp;&nbsp;&nbsp; 300858 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/42 | 1253155 | &nbsp;&nbsp;&nbsp; $1086338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/42 | 366800 | &nbsp;&nbsp;&nbsp; 317973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/01/50 | 266977 | &nbsp;&nbsp;&nbsp; 219730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 09/01/50 | 377031 | &nbsp;&nbsp;&nbsp; 307220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/01/50 | 498320 | &nbsp;&nbsp;&nbsp; 410903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/51 (d) | 13263989 | &nbsp;&nbsp;&nbsp; 10788864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/51 | 3031285 | &nbsp;&nbsp;&nbsp; 2464369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/51 | 1493881 | &nbsp;&nbsp;&nbsp; 1231943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/01/51 | 908028 | &nbsp;&nbsp;&nbsp; 748511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 07/01/51 | 3431010 | &nbsp;&nbsp;&nbsp; 2824308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 09/01/51 | 1238001 | &nbsp;&nbsp;&nbsp; 1014633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/51 | 3505009 | &nbsp;&nbsp;&nbsp; 2855382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/51 | 2518412 | &nbsp;&nbsp;&nbsp; 2071598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 01/01/52 | 12465728 | &nbsp;&nbsp;&nbsp; 10259396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/52 | 1457316 | &nbsp;&nbsp;&nbsp; 1196750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/01/27 | 2067 | &nbsp;&nbsp;&nbsp; 2047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/01/28 | 36522 | &nbsp;&nbsp;&nbsp; 35930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/01/29 | 95540 | &nbsp;&nbsp;&nbsp; 93358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/01/29 | 52246 | &nbsp;&nbsp;&nbsp; 50735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/01/30 | 155567 | &nbsp;&nbsp;&nbsp; 151262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/30 | 95007 | &nbsp;&nbsp;&nbsp; 92113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/01/30 | 361949 | &nbsp;&nbsp;&nbsp; 351549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/30 | 412321 | &nbsp;&nbsp;&nbsp; 400244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/01/31 | 334140 | &nbsp;&nbsp;&nbsp; 323789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/50 | 332760 | &nbsp;&nbsp;&nbsp; 285243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/51 | 2832996 | &nbsp;&nbsp;&nbsp; 2440079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/01/51 | 10035661 | &nbsp;&nbsp;&nbsp; 8647255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/01/51 | 8890909 | &nbsp;&nbsp;&nbsp; 7654582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/01/51 | 4413604 | &nbsp;&nbsp;&nbsp; 3791061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/01/52 | 14500075 | &nbsp;&nbsp;&nbsp; 12445287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/27 | 20449 | &nbsp;&nbsp;&nbsp; 20280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/01/28 | 14891 | &nbsp;&nbsp;&nbsp; 14735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/30 | 99955 | &nbsp;&nbsp;&nbsp; 98274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/01/30 | 554833 | &nbsp;&nbsp;&nbsp; 543041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/30 | 112224 | &nbsp;&nbsp;&nbsp; 109826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/30 | 3543 | &nbsp;&nbsp;&nbsp; 3467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/01/30 | 213547 | &nbsp;&nbsp;&nbsp; 209370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/30 | 60493 | &nbsp;&nbsp;&nbsp; 59130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/37 | 38809 | &nbsp;&nbsp;&nbsp; 36592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/38 | 777673 | &nbsp;&nbsp;&nbsp; 730636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/43 | 575038 | &nbsp;&nbsp;&nbsp; 527536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/43 | 1019088 | &nbsp;&nbsp;&nbsp; 934579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/44 | 5087182 | &nbsp;&nbsp;&nbsp; 4659952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/01/46 | 593321 | &nbsp;&nbsp;&nbsp; 538525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/47 | 433224 | &nbsp;&nbsp;&nbsp; 394361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/50 | 3796342 | &nbsp;&nbsp;&nbsp; 3403015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/50 | 1631897 | &nbsp;&nbsp;&nbsp; 1478106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/01/51 | 338997 | &nbsp;&nbsp;&nbsp; 303719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/51 | 478984 | &nbsp;&nbsp;&nbsp; 426420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/52 | 250244 | &nbsp;&nbsp;&nbsp; 224224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/52 | 3502824 | &nbsp;&nbsp;&nbsp; 3129111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/34 | 305145 | &nbsp;&nbsp;&nbsp; 298061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/35 | 1062753 | &nbsp;&nbsp;&nbsp; 1031810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/42 | 674345 | &nbsp;&nbsp;&nbsp; 638674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/42 | 21599 | &nbsp;&nbsp;&nbsp; 20415 |

---

**BHFTII-7**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/42 | 538878 | &nbsp;&nbsp;&nbsp; $509855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/01/42 | 25759 | &nbsp;&nbsp;&nbsp; 24440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/43 | 109373 | &nbsp;&nbsp;&nbsp; 103014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/44 | 192368 | &nbsp;&nbsp;&nbsp; 181731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/44 | 24073 | &nbsp;&nbsp;&nbsp; 22798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/44 | 87655 | &nbsp;&nbsp;&nbsp; 81521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/44 | 36643 | &nbsp;&nbsp;&nbsp; 34790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/44 | 79120 | &nbsp;&nbsp;&nbsp; 75016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/45 | 54965 | &nbsp;&nbsp;&nbsp; 51778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/46 | 1948597 | &nbsp;&nbsp;&nbsp; 1836712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/46 | 456836 | &nbsp;&nbsp;&nbsp; 428393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/47 | 475741 | &nbsp;&nbsp;&nbsp; 445204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/01/47 | 474961 | &nbsp;&nbsp;&nbsp; 448478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/47 | 541600 | &nbsp;&nbsp;&nbsp; 511402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/48 | 2338062 | &nbsp;&nbsp;&nbsp; 2196315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/48 | 771631 | &nbsp;&nbsp;&nbsp; 723848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/50 | 235547 | &nbsp;&nbsp;&nbsp; 218635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/40 | 65605 | &nbsp;&nbsp;&nbsp; 63442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/40 | 78026 | &nbsp;&nbsp;&nbsp; 75534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/40 | 45590 | &nbsp;&nbsp;&nbsp; 44134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/40 | 145285 | &nbsp;&nbsp;&nbsp; 140604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/41 | 4035 | &nbsp;&nbsp;&nbsp; 3903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/41 | 131714 | &nbsp;&nbsp;&nbsp; 127354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/43 | 133623 | &nbsp;&nbsp;&nbsp; 129260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/44 | 289037 | &nbsp;&nbsp;&nbsp; 278915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/44 | 55588 | &nbsp;&nbsp;&nbsp; 53731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/45 | 188709 | &nbsp;&nbsp;&nbsp; 182136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/45 | 64289 | &nbsp;&nbsp;&nbsp; 62165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/45 | 353005 | &nbsp;&nbsp;&nbsp; 342003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/45 | 2490313 | &nbsp;&nbsp;&nbsp; 2397158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/47 | 924758 | &nbsp;&nbsp;&nbsp; 888995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/48 | 1882616 | &nbsp;&nbsp;&nbsp; 1791028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/48 | 857470 | &nbsp;&nbsp;&nbsp; 825730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/49 | 89662 | &nbsp;&nbsp;&nbsp; 85870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/50 | 1801078 | &nbsp;&nbsp;&nbsp; 1721289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/50 | 1002606 | &nbsp;&nbsp;&nbsp; 958743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/50 | 730171 | &nbsp;&nbsp;&nbsp; 699206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/52 | 305100 | &nbsp;&nbsp;&nbsp; 292157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/39 | 270911 | &nbsp;&nbsp;&nbsp; 268447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/39 | 199667 | &nbsp;&nbsp;&nbsp; 196890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/01/39 | 63849 | &nbsp;&nbsp;&nbsp; 63268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/40 | 22960 | &nbsp;&nbsp;&nbsp; 22751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/41 | 291588 | &nbsp;&nbsp;&nbsp; 288223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/42 | 332413 | &nbsp;&nbsp;&nbsp; 329388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/43 | 71020 | &nbsp;&nbsp;&nbsp; 70004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/01/43 | 385380 | &nbsp;&nbsp;&nbsp; 377867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/47 | 692435 | &nbsp;&nbsp;&nbsp; 682164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/47 | 256514 | &nbsp;&nbsp;&nbsp; 253066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/47 | 539801 | &nbsp;&nbsp;&nbsp; 532323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/49 | 893680 | &nbsp;&nbsp;&nbsp; 877049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/49 | 412905 | &nbsp;&nbsp;&nbsp; 406464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/52 | 1136125 | &nbsp;&nbsp;&nbsp; 1101080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/41 | 180917 | &nbsp;&nbsp;&nbsp; 183071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/41 | 1192197 | &nbsp;&nbsp;&nbsp; 1207839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/52 | 24317 | &nbsp;&nbsp;&nbsp; 24318 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/52 | 396907 | &nbsp;&nbsp;&nbsp; $397558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/52 | 898007 | &nbsp;&nbsp;&nbsp; 896287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/52 | 35741 | &nbsp;&nbsp;&nbsp; 35667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/52 | 102152 | &nbsp;&nbsp;&nbsp; 102002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/01/53 | 5060115 | &nbsp;&nbsp;&nbsp; 5031866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/53 | 193590 | &nbsp;&nbsp;&nbsp; 191856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/01/53 | 304111 | &nbsp;&nbsp;&nbsp; 301371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/53 | 391594 | &nbsp;&nbsp;&nbsp; 388046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/53 | 21791 | &nbsp;&nbsp;&nbsp; 21567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/53 | 107576 | &nbsp;&nbsp;&nbsp; 106516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/53 | 146930 | &nbsp;&nbsp;&nbsp; 145508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/56 | 191947 | &nbsp;&nbsp;&nbsp; 189780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/35 | 36298 | &nbsp;&nbsp;&nbsp; 37156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/39 | 57093 | &nbsp;&nbsp;&nbsp; 58617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/40 | 38144 | &nbsp;&nbsp;&nbsp; 38548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/41 | 583181 | &nbsp;&nbsp;&nbsp; 601525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/53 | 797851 | &nbsp;&nbsp;&nbsp; 809748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/53 | 1660039 | &nbsp;&nbsp;&nbsp; 1683062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/01/53 | 3172063 | &nbsp;&nbsp;&nbsp; 3219732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/01/53 | 242503 | &nbsp;&nbsp;&nbsp; 244742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/54 | 3091092 | &nbsp;&nbsp;&nbsp; 3132831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/55 | 6398676 | &nbsp;&nbsp;&nbsp; 6473321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/52 | 47548 | &nbsp;&nbsp;&nbsp; 49030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/01/53 | 853291 | &nbsp;&nbsp;&nbsp; 874966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/53 | 538157 | &nbsp;&nbsp;&nbsp; 551722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/53 | 253414 | &nbsp;&nbsp;&nbsp; 259953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/53 | 462131 | &nbsp;&nbsp;&nbsp; 477083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/53 | 2906461 | &nbsp;&nbsp;&nbsp; 3002843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/54 | 108277 | &nbsp;&nbsp;&nbsp; 110991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/54 | 908116 | &nbsp;&nbsp;&nbsp; 929724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/54 | 1491264 | &nbsp;&nbsp;&nbsp; 1528640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/54 | 2490200 | &nbsp;&nbsp;&nbsp; 2549995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/54 | 202868 | &nbsp;&nbsp;&nbsp; 207003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/55 | 997165 | &nbsp;&nbsp;&nbsp; 1019986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/01/55 | 181347 | &nbsp;&nbsp;&nbsp; 185490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 09/01/53 | 107846 | &nbsp;&nbsp;&nbsp; 111946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 11/01/53 | 403852 | &nbsp;&nbsp;&nbsp; 422320 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured <br> Pass-Through Certificates<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.760%, 05/25/29 (a) (c) | 5514544 | &nbsp;&nbsp;&nbsp; 99112 |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 12/01/35 | 118639 | &nbsp;&nbsp;&nbsp; 107425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 03/01/36 | 252637 | &nbsp;&nbsp;&nbsp; 229061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 05/01/36 | 417917 | &nbsp;&nbsp;&nbsp; 378908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 06/01/36 | 1470895 | &nbsp;&nbsp;&nbsp; 1331817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 12/01/36 | 699765 | &nbsp;&nbsp;&nbsp; 631937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 02/01/37 | 423193 | &nbsp;&nbsp;&nbsp; 383684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 11/01/41 (d) | 15476463 | &nbsp;&nbsp;&nbsp; 13031459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 12/01/41 | 7944306 | &nbsp;&nbsp;&nbsp; 6689811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 10/01/50 | 1992834 | &nbsp;&nbsp;&nbsp; 1546019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 11/01/50 | 1739267 | &nbsp;&nbsp;&nbsp; 1346857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 03/01/51 | 2347832 | &nbsp;&nbsp;&nbsp; 1818835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/31 | 43978 | &nbsp;&nbsp;&nbsp; 41928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/01/31 | 575869 | &nbsp;&nbsp;&nbsp; 548862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/31 | 64010 | &nbsp;&nbsp;&nbsp; 60984 |

---

**BHFTII-8**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/32 | 425562 | &nbsp;&nbsp;&nbsp; $404640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 06/01/35 | 530492 | &nbsp;&nbsp;&nbsp; 490837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 09/01/35 | 181245 | &nbsp;&nbsp;&nbsp; 167210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/36 | 193485 | &nbsp;&nbsp;&nbsp; 178495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/36 | 324616 | &nbsp;&nbsp;&nbsp; 299466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/36 | 421384 | &nbsp;&nbsp;&nbsp; 388353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/01/36 | 301336 | &nbsp;&nbsp;&nbsp; 277707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 07/01/36 | 489436 | &nbsp;&nbsp;&nbsp; 451516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 09/01/36 | 637130 | &nbsp;&nbsp;&nbsp; 586980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/01/36 | 227307 | &nbsp;&nbsp;&nbsp; 210174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 01/01/37 | 216473 | &nbsp;&nbsp;&nbsp; 200159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/37 | 838139 | &nbsp;&nbsp;&nbsp; 771787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/37 | 2102445 | &nbsp;&nbsp;&nbsp; 1937923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/37 | 681577 | &nbsp;&nbsp;&nbsp; 627892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/40 | 254407 | &nbsp;&nbsp;&nbsp; 224242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/40 | 1132061 | &nbsp;&nbsp;&nbsp; 995271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/41 | 1098889 | &nbsp;&nbsp;&nbsp; 955078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/42 | 559141 | &nbsp;&nbsp;&nbsp; 484999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/42 | 5416613 | &nbsp;&nbsp;&nbsp; 4694382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/42 | 858635 | &nbsp;&nbsp;&nbsp; 744402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/01/42 | 3436913 | &nbsp;&nbsp;&nbsp; 2989101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/01/50 | 638163 | &nbsp;&nbsp;&nbsp; 519571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 09/01/50 | 1359077 | &nbsp;&nbsp;&nbsp; 1106065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/50 | 1731658 | &nbsp;&nbsp;&nbsp; 1410330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/01/50 | 296696 | &nbsp;&nbsp;&nbsp; 241361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/50 | 1781451 | &nbsp;&nbsp;&nbsp; 1466827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 01/01/51 | 11772681 | &nbsp;&nbsp;&nbsp; 9583217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/51 | 1434694 | &nbsp;&nbsp;&nbsp; 1163381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/51 | 1397313 | &nbsp;&nbsp;&nbsp; 1150780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/51 | 2041326 | &nbsp;&nbsp;&nbsp; 1681341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/01/51 | 3006307 | &nbsp;&nbsp;&nbsp; 2459237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/01/51 | 6493609 | &nbsp;&nbsp;&nbsp; 5304161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/51 | 4149143 | &nbsp;&nbsp;&nbsp; 3406490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 01/01/52 | 1813207 | &nbsp;&nbsp;&nbsp; 1495990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/52 | 6870748 | &nbsp;&nbsp;&nbsp; 5623526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/52 | 3166049 | &nbsp;&nbsp;&nbsp; 2595782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/52 | 10263760 | &nbsp;&nbsp;&nbsp; 8448347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/27 | 12575 | &nbsp;&nbsp;&nbsp; 12431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/28 | 2631 | &nbsp;&nbsp;&nbsp; 2594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/01/28 | 5684 | &nbsp;&nbsp;&nbsp; 5602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/01/28 | 20660 | &nbsp;&nbsp;&nbsp; 20319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/01/30 | 185454 | &nbsp;&nbsp;&nbsp; 180059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/30 | 14106 | &nbsp;&nbsp;&nbsp; 13792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/30 | 33617 | &nbsp;&nbsp;&nbsp; 32671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/30 | 107805 | &nbsp;&nbsp;&nbsp; 104550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/01/30 | 358601 | &nbsp;&nbsp;&nbsp; 348295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/30 | 254077 | &nbsp;&nbsp;&nbsp; 246238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/01/30 | 474637 | &nbsp;&nbsp;&nbsp; 459732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/31 | 11536 | &nbsp;&nbsp;&nbsp; 11365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/01/31 | 152271 | &nbsp;&nbsp;&nbsp; 146917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/31 | 80387 | &nbsp;&nbsp;&nbsp; 77589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/01/31 | 11682 | &nbsp;&nbsp;&nbsp; 11239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/01/31 | 747725 | &nbsp;&nbsp;&nbsp; 720820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/01/31 | 457441 | &nbsp;&nbsp;&nbsp; 440792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/32 | 22819 | &nbsp;&nbsp;&nbsp; 21992 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/32 | 91046 | &nbsp;&nbsp;&nbsp; $87414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/01/32 | 540345 | &nbsp;&nbsp;&nbsp; 520716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/33 | 836625 | &nbsp;&nbsp;&nbsp; 811395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/50 | 7088083 | &nbsp;&nbsp;&nbsp; 6085028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/01/50 | 4482391 | &nbsp;&nbsp;&nbsp; 3846486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/01/50 | 1750781 | &nbsp;&nbsp;&nbsp; 1511622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/51 | 4509289 | &nbsp;&nbsp;&nbsp; 3869206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/01/51 | 7082330 | &nbsp;&nbsp;&nbsp; 6010130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/01/52 | 14437593 | &nbsp;&nbsp;&nbsp; 12438672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/52 | 2717835 | &nbsp;&nbsp;&nbsp; 2346377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/01/28 | 15328 | &nbsp;&nbsp;&nbsp; 15132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/28 | 17946 | &nbsp;&nbsp;&nbsp; 17723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/28 | 42220 | &nbsp;&nbsp;&nbsp; 41600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/28 | 262813 | &nbsp;&nbsp;&nbsp; 259246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/01/28 | 63816 | &nbsp;&nbsp;&nbsp; 62807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/29 | 40052 | &nbsp;&nbsp;&nbsp; 39400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/01/29 | 155177 | &nbsp;&nbsp;&nbsp; 151699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/29 | 237236 | &nbsp;&nbsp;&nbsp; 232316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/29 | 229317 | &nbsp;&nbsp;&nbsp; 224610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/29 | 59990 | &nbsp;&nbsp;&nbsp; 58964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/30 | 152072 | &nbsp;&nbsp;&nbsp; 149331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/01/30 | 122033 | &nbsp;&nbsp;&nbsp; 119811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/30 | 195697 | &nbsp;&nbsp;&nbsp; 191647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/01/30 | 160542 | &nbsp;&nbsp;&nbsp; 156952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/30 | 631157 | &nbsp;&nbsp;&nbsp; 617877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/30 | 177171 | &nbsp;&nbsp;&nbsp; 173557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/31 | 617449 | &nbsp;&nbsp;&nbsp; 601990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/31 | 88042 | &nbsp;&nbsp;&nbsp; 86095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/32 | 171321 | &nbsp;&nbsp;&nbsp; 166474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/36 | 30612 | &nbsp;&nbsp;&nbsp; 28755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/36 | 325756 | &nbsp;&nbsp;&nbsp; 307992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/01/36 | 536131 | &nbsp;&nbsp;&nbsp; 508075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/43 | 3217259 | &nbsp;&nbsp;&nbsp; 2937776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/01/43 | 1918808 | &nbsp;&nbsp;&nbsp; 1755670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/43 | 972595 | &nbsp;&nbsp;&nbsp; 890092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/43 | 29274 | &nbsp;&nbsp;&nbsp; 26750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/46 | 21045 | &nbsp;&nbsp;&nbsp; 19074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/46 | 24344 | &nbsp;&nbsp;&nbsp; 22185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/46 | 1117999 | &nbsp;&nbsp;&nbsp; 1011862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/47 | 285447 | &nbsp;&nbsp;&nbsp; 258349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/47 | 1141569 | &nbsp;&nbsp;&nbsp; 1032251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/50 | 398926 | &nbsp;&nbsp;&nbsp; 359671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/50 | 1598336 | &nbsp;&nbsp;&nbsp; 1430579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/51 | 1973535 | &nbsp;&nbsp;&nbsp; 1762215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/01/51 | 842371 | &nbsp;&nbsp;&nbsp; 751643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/01/52 | 281726 | &nbsp;&nbsp;&nbsp; 251607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/52 | 455472 | &nbsp;&nbsp;&nbsp; 404537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/28 | 31228 | &nbsp;&nbsp;&nbsp; 30901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/01/28 | 340172 | &nbsp;&nbsp;&nbsp; 336089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/28 | 331060 | &nbsp;&nbsp;&nbsp; 327165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/29 | 414182 | &nbsp;&nbsp;&nbsp; 409849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/29 | 92349 | &nbsp;&nbsp;&nbsp; 91218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/29 | 279686 | &nbsp;&nbsp;&nbsp; 276751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/29 | 168183 | &nbsp;&nbsp;&nbsp; 166119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/29 | 37202 | &nbsp;&nbsp;&nbsp; 36701 |

---

**BHFTII-9**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/30 | 103410 | &nbsp;&nbsp;&nbsp; $102218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/32 | 56120 | &nbsp;&nbsp;&nbsp; 55195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/33 | 33827 | &nbsp;&nbsp;&nbsp; 33246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/42 | 165298 | &nbsp;&nbsp;&nbsp; 156554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/42 | 106384 | &nbsp;&nbsp;&nbsp; 100461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/42 | 11580 | &nbsp;&nbsp;&nbsp; 10943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/42 | 27533 | &nbsp;&nbsp;&nbsp; 25998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/42 | 42205 | &nbsp;&nbsp;&nbsp; 39789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/45 | 1145464 | &nbsp;&nbsp;&nbsp; 1080921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/47 | 517415 | &nbsp;&nbsp;&nbsp; 485355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/47 | 368972 | &nbsp;&nbsp;&nbsp; 342856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/47 | 370998 | &nbsp;&nbsp;&nbsp; 344188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/48 | 1064266 | &nbsp;&nbsp;&nbsp; 995986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/48 | 167984 | &nbsp;&nbsp;&nbsp; 156452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/48 | 938846 | &nbsp;&nbsp;&nbsp; 873617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/48 | 604846 | &nbsp;&nbsp;&nbsp; 567940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/49 | 683651 | &nbsp;&nbsp;&nbsp; 637441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/33 | 205953 | &nbsp;&nbsp;&nbsp; 201910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/33 | 1286885 | &nbsp;&nbsp;&nbsp; 1279773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/41 | 63988 | &nbsp;&nbsp;&nbsp; 62157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/42 | 302403 | &nbsp;&nbsp;&nbsp; 292017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/42 | 650176 | &nbsp;&nbsp;&nbsp; 624892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/42 | 94097 | &nbsp;&nbsp;&nbsp; 90820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/46 | 104911 | &nbsp;&nbsp;&nbsp; 100606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/47 | 372916 | &nbsp;&nbsp;&nbsp; 354385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/47 | 245695 | &nbsp;&nbsp;&nbsp; 235309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/47 | 20960 | &nbsp;&nbsp;&nbsp; 19924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/47 | 166896 | &nbsp;&nbsp;&nbsp; 159840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/48 | 164661 | &nbsp;&nbsp;&nbsp; 156853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/48 | 37242 | &nbsp;&nbsp;&nbsp; 35421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/48 | 45775 | &nbsp;&nbsp;&nbsp; 43822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/48 | 31177 | &nbsp;&nbsp;&nbsp; 29665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/48 | 30685 | &nbsp;&nbsp;&nbsp; 29187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/48 | 490096 | &nbsp;&nbsp;&nbsp; 470075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/48 | 203947 | &nbsp;&nbsp;&nbsp; 194557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/48 | 88068 | &nbsp;&nbsp;&nbsp; 84345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/49 | 831251 | &nbsp;&nbsp;&nbsp; 791930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/50 | 345072 | &nbsp;&nbsp;&nbsp; 329340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/50 | 172964 | &nbsp;&nbsp;&nbsp; 164698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/50 | 335226 | &nbsp;&nbsp;&nbsp; 319403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/50 | 446841 | &nbsp;&nbsp;&nbsp; 426413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/50 | 38068 | &nbsp;&nbsp;&nbsp; 36249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/51 | 2427365 | &nbsp;&nbsp;&nbsp; 2326248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/51 | 1969976 | &nbsp;&nbsp;&nbsp; 1879718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/52 | 419644 | &nbsp;&nbsp;&nbsp; 400942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/52 | 2635051 | &nbsp;&nbsp;&nbsp; 2523135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/26 | 231 | &nbsp;&nbsp;&nbsp; 230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/39 | 294013 | &nbsp;&nbsp;&nbsp; 290975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/01/39 | 259168 | &nbsp;&nbsp;&nbsp; 256490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/01/40 | 10395 | &nbsp;&nbsp;&nbsp; 10288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/40 | 19995 | &nbsp;&nbsp;&nbsp; 19785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/40 | 47063 | &nbsp;&nbsp;&nbsp; 46577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/40 | 52586 | &nbsp;&nbsp;&nbsp; 52042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/40 | 100503 | &nbsp;&nbsp;&nbsp; 99464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/01/40 | 207004 | &nbsp;&nbsp;&nbsp; 204864 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/41 | 43599 | &nbsp;&nbsp;&nbsp; $43148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/41 | 196243 | &nbsp;&nbsp;&nbsp; 194214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/41 | 52667 | &nbsp;&nbsp;&nbsp; 52122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/01/42 | 40771 | &nbsp;&nbsp;&nbsp; 40350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/42 | 184152 | &nbsp;&nbsp;&nbsp; 182248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/43 | 134901 | &nbsp;&nbsp;&nbsp; 131081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/43 | 406996 | &nbsp;&nbsp;&nbsp; 395521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/01/43 | 932195 | &nbsp;&nbsp;&nbsp; 918358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/01/43 | 436224 | &nbsp;&nbsp;&nbsp; 430363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/01/44 | 241644 | &nbsp;&nbsp;&nbsp; 238622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/44 | 1373049 | &nbsp;&nbsp;&nbsp; 1354604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/45 | 408010 | &nbsp;&nbsp;&nbsp; 402527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/45 | 198041 | &nbsp;&nbsp;&nbsp; 195625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/01/45 | 744024 | &nbsp;&nbsp;&nbsp; 734171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/01/45 | 264310 | &nbsp;&nbsp;&nbsp; 260759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/46 | 1257435 | &nbsp;&nbsp;&nbsp; 1244929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/46 | 220917 | &nbsp;&nbsp;&nbsp; 218631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/47 | 25827 | &nbsp;&nbsp;&nbsp; 25441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/47 | 175340 | &nbsp;&nbsp;&nbsp; 171902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/01/47 | 876481 | &nbsp;&nbsp;&nbsp; 862377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/01/47 | 34524 | &nbsp;&nbsp;&nbsp; 33985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/01/48 | 797735 | &nbsp;&nbsp;&nbsp; 784836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/48 | 41006 | &nbsp;&nbsp;&nbsp; 40388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/01/48 | 83892 | &nbsp;&nbsp;&nbsp; 82575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/48 | 429207 | &nbsp;&nbsp;&nbsp; 424505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/48 | 3936367 | &nbsp;&nbsp;&nbsp; 3875114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/48 | 68198 | &nbsp;&nbsp;&nbsp; 67047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/48 | 799204 | &nbsp;&nbsp;&nbsp; 786980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/01/48 | 493986 | &nbsp;&nbsp;&nbsp; 485668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/49 | 4279304 | &nbsp;&nbsp;&nbsp; 4229862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/49 | 4000045 | &nbsp;&nbsp;&nbsp; 3953827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/32 | 1094 | &nbsp;&nbsp;&nbsp; 1106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/35 | 44840 | &nbsp;&nbsp;&nbsp; 45102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/39 | 1934239 | &nbsp;&nbsp;&nbsp; 1948069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/41 | 4568 | &nbsp;&nbsp;&nbsp; 4534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/41 | 76123 | &nbsp;&nbsp;&nbsp; 76934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/41 | 55293 | &nbsp;&nbsp;&nbsp; 55842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/42 | 38932 | &nbsp;&nbsp;&nbsp; 39207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/52 | 830118 | &nbsp;&nbsp;&nbsp; 831012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/52 | 362159 | &nbsp;&nbsp;&nbsp; 358971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/53 | 3064058 | &nbsp;&nbsp;&nbsp; 3043643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/01/53 | 177227 | &nbsp;&nbsp;&nbsp; 175621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/53 | 180607 | &nbsp;&nbsp;&nbsp; 178915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/53 | 128871 | &nbsp;&nbsp;&nbsp; 127762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/53 | 46839 | &nbsp;&nbsp;&nbsp; 46344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/01/54 | 194016 | &nbsp;&nbsp;&nbsp; 191983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/01/56 | 28892 | &nbsp;&nbsp;&nbsp; 28615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/56 | 39612 | &nbsp;&nbsp;&nbsp; 39215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/01/32 | 214422 | &nbsp;&nbsp;&nbsp; 216171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/32 | 33243 | &nbsp;&nbsp;&nbsp; 34293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/33 | 119662 | &nbsp;&nbsp;&nbsp; 121906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/33 | 45707 | &nbsp;&nbsp;&nbsp; 46491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/01/34 | 413883 | &nbsp;&nbsp;&nbsp; 422014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/01/37 | 443246 | &nbsp;&nbsp;&nbsp; 451697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/38 | 112141 | &nbsp;&nbsp;&nbsp; 115352 |

---

**BHFTII-10**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/38 | 50122 | &nbsp;&nbsp;&nbsp; $51636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/38 | 37256 | &nbsp;&nbsp;&nbsp; 37900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/38 | 40947 | &nbsp;&nbsp;&nbsp; 41329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/39 | 105697 | &nbsp;&nbsp;&nbsp; 108663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/01/39 | 45477 | &nbsp;&nbsp;&nbsp; 46623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/39 | 141791 | &nbsp;&nbsp;&nbsp; 145722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/40 | 8704 | &nbsp;&nbsp;&nbsp; 8925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/41 | 84212 | &nbsp;&nbsp;&nbsp; 86129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/52 | 223417 | &nbsp;&nbsp;&nbsp; 225340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/01/52 | 3202805 | &nbsp;&nbsp;&nbsp; 3232333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/53 | 732312 | &nbsp;&nbsp;&nbsp; 741309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/53 | 228540 | &nbsp;&nbsp;&nbsp; 230443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/01/53 | 4787932 | &nbsp;&nbsp;&nbsp; 4854516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/53 | 1146355 | &nbsp;&nbsp;&nbsp; 1163582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/01/53 | 2974839 | &nbsp;&nbsp;&nbsp; 3009542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/54 | 1543293 | &nbsp;&nbsp;&nbsp; 1560352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.810%, 06/01/31 | 796000 | &nbsp;&nbsp;&nbsp; 808779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/34 | 47499 | &nbsp;&nbsp;&nbsp; 49142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/01/34 | 36639 | &nbsp;&nbsp;&nbsp; 37864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/35 | 553014 | &nbsp;&nbsp;&nbsp; 569539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/36 | 78009 | &nbsp;&nbsp;&nbsp; 81607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/38 | 121245 | &nbsp;&nbsp;&nbsp; 127203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/38 | 51838 | &nbsp;&nbsp;&nbsp; 54382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/38 | 131605 | &nbsp;&nbsp;&nbsp; 138070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/01/38 | 159915 | &nbsp;&nbsp;&nbsp; 166842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/38 | 54958 | &nbsp;&nbsp;&nbsp; 57655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/40 | 516201 | &nbsp;&nbsp;&nbsp; 541485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/40 | 61377 | &nbsp;&nbsp;&nbsp; 64366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/41 | 138122 | &nbsp;&nbsp;&nbsp; 144894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/52 | 54876 | &nbsp;&nbsp;&nbsp; 56547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/01/53 | 1166903 | &nbsp;&nbsp;&nbsp; 1196663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/53 | 336736 | &nbsp;&nbsp;&nbsp; 347902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/53 | 1665856 | &nbsp;&nbsp;&nbsp; 1720011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/53 | 303220 | &nbsp;&nbsp;&nbsp; 311259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/53 | 1787816 | &nbsp;&nbsp;&nbsp; 1847102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/01/53 | 3389262 | &nbsp;&nbsp;&nbsp; 3473697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/54 | 180282 | &nbsp;&nbsp;&nbsp; 184799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/54 | 2439726 | &nbsp;&nbsp;&nbsp; 2491825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/54 | 239830 | &nbsp;&nbsp;&nbsp; 245165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/01/55 | 805562 | &nbsp;&nbsp;&nbsp; 824643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/55 | 53258 | &nbsp;&nbsp;&nbsp; 54488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 05/01/40 | 741953 | &nbsp;&nbsp;&nbsp; 786481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 05/01/53 | 226680 | &nbsp;&nbsp;&nbsp; 235638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 08/01/53 | 1567622 | &nbsp;&nbsp;&nbsp; 1635448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 09/01/53 | 375307 | &nbsp;&nbsp;&nbsp; 392468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/01/53 | 976291 | &nbsp;&nbsp;&nbsp; 1019266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/01/54 | 1981362 | &nbsp;&nbsp;&nbsp; 2062649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/01/54 | 2217998 | &nbsp;&nbsp;&nbsp; 2297070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 08/01/54 | 1728242 | &nbsp;&nbsp;&nbsp; 1799148 |
| FREMF Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.100%, 01/25/29 (144A) (c) | 22814558 | &nbsp;&nbsp;&nbsp; 50064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.235%, 08/25/50 (144A) (a) | 304000 | &nbsp;&nbsp;&nbsp; 297497 |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/20/50 | 5657430 | &nbsp;&nbsp;&nbsp; 4676268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/20/50 | 725864 | &nbsp;&nbsp;&nbsp; 599978 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 01/20/51 | 8440108 | &nbsp;&nbsp;&nbsp; $6976349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/20/51 | 631790 | &nbsp;&nbsp;&nbsp; 522219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/20/51 | 4850633 | &nbsp;&nbsp;&nbsp; 4176133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/20/51 | 2882085 | &nbsp;&nbsp;&nbsp; 2481173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/20/51 | 1972798 | &nbsp;&nbsp;&nbsp; 1698364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/20/52 | 4038278 | &nbsp;&nbsp;&nbsp; 3476523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/20/52 | 3123329 | &nbsp;&nbsp;&nbsp; 2688847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/20/52 | 2089986 | &nbsp;&nbsp;&nbsp; 1800870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/20/52 | 347975 | &nbsp;&nbsp;&nbsp; 299893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/20/53 | 1462193 | &nbsp;&nbsp;&nbsp; 1260084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/20/44 | 29334 | &nbsp;&nbsp;&nbsp; 26464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/15/45 | 347583 | &nbsp;&nbsp;&nbsp; 318465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/20/47 | 596670 | &nbsp;&nbsp;&nbsp; 539283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/20/49 | 14583 | &nbsp;&nbsp;&nbsp; 13207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/20/50 | 236708 | &nbsp;&nbsp;&nbsp; 212002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/20/51 | 16606215 | &nbsp;&nbsp;&nbsp; 14901774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/15/42 | 93901 | &nbsp;&nbsp;&nbsp; 88438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/15/42 | 39710 | &nbsp;&nbsp;&nbsp; 37462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/15/42 | 117706 | &nbsp;&nbsp;&nbsp; 110795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/15/42 | 113759 | &nbsp;&nbsp;&nbsp; 107203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/15/42 | 129364 | &nbsp;&nbsp;&nbsp; 121854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/15/42 | 48725 | &nbsp;&nbsp;&nbsp; 45784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/15/42 | 402132 | &nbsp;&nbsp;&nbsp; 378641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/15/43 | 93506 | &nbsp;&nbsp;&nbsp; 87949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/15/43 | 222342 | &nbsp;&nbsp;&nbsp; 208790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/15/43 | 182421 | &nbsp;&nbsp;&nbsp; 171301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/15/43 | 529404 | &nbsp;&nbsp;&nbsp; 497689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/20/43 | 540980 | &nbsp;&nbsp;&nbsp; 512678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/15/43 | 752943 | &nbsp;&nbsp;&nbsp; 707560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/20/43 | 297054 | &nbsp;&nbsp;&nbsp; 281513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/15/43 | 221749 | &nbsp;&nbsp;&nbsp; 208573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/15/43 | 567003 | &nbsp;&nbsp;&nbsp; 534131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/20/43 | 23049 | &nbsp;&nbsp;&nbsp; 21842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/20/44 | 579302 | &nbsp;&nbsp;&nbsp; 548285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/20/45 | 20841 | &nbsp;&nbsp;&nbsp; 19618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/20/45 | 30980 | &nbsp;&nbsp;&nbsp; 29185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/20/45 | 126685 | &nbsp;&nbsp;&nbsp; 119314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/20/45 | 22771 | &nbsp;&nbsp;&nbsp; 21435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/20/45 | 30960 | &nbsp;&nbsp;&nbsp; 29142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/20/45 | 58337 | &nbsp;&nbsp;&nbsp; 54912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/20/45 | 21680 | &nbsp;&nbsp;&nbsp; 20313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/20/45 | 323674 | &nbsp;&nbsp;&nbsp; 304288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/20/46 | 65435 | &nbsp;&nbsp;&nbsp; 61594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/20/46 | 268284 | &nbsp;&nbsp;&nbsp; 251264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/20/46 | 101932 | &nbsp;&nbsp;&nbsp; 95917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/20/46 | 664880 | &nbsp;&nbsp;&nbsp; 616623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/20/48 | 24738 | &nbsp;&nbsp;&nbsp; 23186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/20/48 | 10159 | &nbsp;&nbsp;&nbsp; 9521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/20/52 | 7181167 | &nbsp;&nbsp;&nbsp; 6641710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/20/39 | 10375 | &nbsp;&nbsp;&nbsp; 10011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/20/39 | 79591 | &nbsp;&nbsp;&nbsp; 76851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/20/40 | 20817 | &nbsp;&nbsp;&nbsp; 20040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/20/40 | 239740 | &nbsp;&nbsp;&nbsp; 230791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/20/40 | 134728 | &nbsp;&nbsp;&nbsp; 130335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/20/40 | 514415 | &nbsp;&nbsp;&nbsp; 495159 |

---

**BHFTII-11**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/20/41 | 457646 | &nbsp;&nbsp;&nbsp; $440467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/20/41 | 8097 | &nbsp;&nbsp;&nbsp; 7792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/15/41 | 186468 | &nbsp;&nbsp;&nbsp; 179265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/15/41 | 19347 | &nbsp;&nbsp;&nbsp; 18564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/20/43 | 49516 | &nbsp;&nbsp;&nbsp; 47672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/20/44 | 197380 | &nbsp;&nbsp;&nbsp; 188259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/20/46 | 28816 | &nbsp;&nbsp;&nbsp; 27138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/20/47 | 124384 | &nbsp;&nbsp;&nbsp; 118943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/20/47 | 317885 | &nbsp;&nbsp;&nbsp; 303920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/20/47 | 362274 | &nbsp;&nbsp;&nbsp; 346032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/20/47 | 179658 | &nbsp;&nbsp;&nbsp; 171571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/20/50 | 360435 | &nbsp;&nbsp;&nbsp; 342252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/20/52 | 3976167 | &nbsp;&nbsp;&nbsp; 3757636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/20/39 | 18533 | &nbsp;&nbsp;&nbsp; 18379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/20/40 | 22520 | &nbsp;&nbsp;&nbsp; 22333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/20/40 | 18535 | &nbsp;&nbsp;&nbsp; 18380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/20/40 | 1160 | &nbsp;&nbsp;&nbsp; 1150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/15/42 | 2328592 | &nbsp;&nbsp;&nbsp; 2300594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/15/47 | 59782 | &nbsp;&nbsp;&nbsp; 58654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/15/47 | 115682 | &nbsp;&nbsp;&nbsp; 113573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/15/47 | 44321 | &nbsp;&nbsp;&nbsp; 43687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/20/48 | 175674 | &nbsp;&nbsp;&nbsp; 171839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/20/49 | 733375 | &nbsp;&nbsp;&nbsp; 721152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/20/49 | 159941 | &nbsp;&nbsp;&nbsp; 158015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/20/49 | 614642 | &nbsp;&nbsp;&nbsp; 603177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/20/50 | 17883 | &nbsp;&nbsp;&nbsp; 17558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/20/33 | 173272 | &nbsp;&nbsp;&nbsp; 174532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/38 | 69752 | &nbsp;&nbsp;&nbsp; 71206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/15/39 | 120213 | &nbsp;&nbsp;&nbsp; 122723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/15/39 | 90693 | &nbsp;&nbsp;&nbsp; 91817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/20/39 | 66828 | &nbsp;&nbsp;&nbsp; 68345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/15/40 | 5448 | &nbsp;&nbsp;&nbsp; 5516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/40 | 238110 | &nbsp;&nbsp;&nbsp; 243050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/20/42 | 95547 | &nbsp;&nbsp;&nbsp; 97011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/20/52 | 7185079 | &nbsp;&nbsp;&nbsp; 7167182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/15/33 | 5649 | &nbsp;&nbsp;&nbsp; 5772 |
| Government National Mortgage Association, TBA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, TBA (e) | 8452000 | &nbsp;&nbsp;&nbsp; 6980163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, TBA (e) | 3207000 | &nbsp;&nbsp;&nbsp; 2758521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, TBA (e) | 374000 | &nbsp;&nbsp;&nbsp; 342979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, TBA (e) | 2772000 | &nbsp;&nbsp;&nbsp; 2596189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, TBA (e) | 8080000 | &nbsp;&nbsp;&nbsp; 7804481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, TBA (e) | 9994000 | &nbsp;&nbsp;&nbsp; 9897082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, TBA (e) | 18423000 | &nbsp;&nbsp;&nbsp; 18540331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, TBA (e) | 10255000 | &nbsp;&nbsp;&nbsp; 10427348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, TBA (e) | 4312000 | &nbsp;&nbsp;&nbsp; 4481164 |
| Uniform Mortgage-Backed Security, TBA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, TBA (e) | 21628075 | &nbsp;&nbsp;&nbsp; 18431196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, TBA (e) | 26020700 | &nbsp;&nbsp;&nbsp; 22790106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, TBA (e) | 126671744 | &nbsp;&nbsp;&nbsp; 115994374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, TBA (e) | 51789725 | &nbsp;&nbsp;&nbsp; 52028264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, TBA (e) | 47152241 | &nbsp;&nbsp;&nbsp; 48019763 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Uniform Mortgage-Backed Security, TBA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, TBA (e) | 7368000 | &nbsp;&nbsp;&nbsp; $7622224 |
|  |  | &nbsp;&nbsp;&nbsp; 821633364 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Agency Sponsored Mortgage-Backed Securities <br>(Cost $910,109,205) <br>|  | &nbsp;&nbsp;&nbsp; 870295767 |
| **Corporate Bonds & Notes—22.9%** | **Corporate Bonds & Notes—22.9%** | **Corporate Bonds & Notes—22.9%** |
| **Advertising — 0.0%** | **Advertising — 0.0%** | **Advertising — 0.0%** |
| Clear Channel Outdoor Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 04/01/30 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 104650 |
| Neptune Bidco U.S., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.375%, 05/15/31 (144A) | 92000 | &nbsp;&nbsp;&nbsp; 92829 |
| Omnicom Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 11/01/34 | 123000 | &nbsp;&nbsp;&nbsp; 121717 |
|  |  | &nbsp;&nbsp;&nbsp; 319196 |
| **Aerospace/Defense — 0.3%** | **Aerospace/Defense — 0.3%** | **Aerospace/Defense — 0.3%** |
| Boeing Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, 03/01/47 | 208000 | &nbsp;&nbsp;&nbsp; 146320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.825%, 03/01/59 | 191000 | &nbsp;&nbsp;&nbsp; 127834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.930%, 05/01/60 | 168000 | &nbsp;&nbsp;&nbsp; 161261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 02/15/38 | 100000 | &nbsp;&nbsp;&nbsp; 108790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.008%, 05/01/64 | 392000 | &nbsp;&nbsp;&nbsp; 433364 |
| Figeac Aero S.A. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.793%, 07/23/30 (EUR) (f) (g) | 980000 | &nbsp;&nbsp;&nbsp; 1111551 |
| General Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 01/10/39 | 100000 | &nbsp;&nbsp;&nbsp; 114963 |
| Honeywell Aerospace, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 03/16/28 (144A) | 78000 | &nbsp;&nbsp;&nbsp; 77426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 03/16/36 (144A) | 585000 | &nbsp;&nbsp;&nbsp; 580439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.732%, 03/16/56 (144A) | 465000 | &nbsp;&nbsp;&nbsp; 459630 |
| Howmet Aerospace, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 04/15/29 | 157000 | &nbsp;&nbsp;&nbsp; 154746 |
| L3Harris Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.800%, 01/15/31 | 100000 | &nbsp;&nbsp;&nbsp; 87594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.854%, 04/27/35 | 100000 | &nbsp;&nbsp;&nbsp; 98092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 06/01/34 | 100000 | &nbsp;&nbsp;&nbsp; 101644 |
| Lockheed Martin Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.800%, 06/15/50 | 56000 | &nbsp;&nbsp;&nbsp; 34962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 03/01/45 | 100000 | &nbsp;&nbsp;&nbsp; 79001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 08/15/28 | 177000 | &nbsp;&nbsp;&nbsp; 177129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 06/15/53 | 175000 | &nbsp;&nbsp;&nbsp; 138150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 05/15/28 | 198000 | &nbsp;&nbsp;&nbsp; 199179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/15/29 | 54000 | &nbsp;&nbsp;&nbsp; 54440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 05/15/46 | 262000 | &nbsp;&nbsp;&nbsp; 232078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/15/34 | 89000 | &nbsp;&nbsp;&nbsp; 89239 |
| Northrop Grumman Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 01/15/28 | 100000 | &nbsp;&nbsp;&nbsp; 98213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.030%, 10/15/47 | 126000 | &nbsp;&nbsp;&nbsp; 99179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 06/01/34 | 100000 | &nbsp;&nbsp;&nbsp; 99793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 05/01/40 | 100000 | &nbsp;&nbsp;&nbsp; 97472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 05/01/50 | 138000 | &nbsp;&nbsp;&nbsp; 127987 |
| RTX Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.900%, 09/01/31 | 113000 | &nbsp;&nbsp;&nbsp; 98339 |

---

**BHFTII-12**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Aerospace/Defense—(Continued)** | **Aerospace/Defense—(Continued)** | **Aerospace/Defense—(Continued)** |
| RTX Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 05/04/27 | 100000 | &nbsp;&nbsp;&nbsp; $98707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, 05/04/47 | 541000 | &nbsp;&nbsp;&nbsp; 428252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 11/16/48 | 142000 | &nbsp;&nbsp;&nbsp; 120892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 03/15/34 | 161000 | &nbsp;&nbsp;&nbsp; 173373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 09/15/29 | 124000 | &nbsp;&nbsp;&nbsp; 136116 |
| TransDigm, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 05/31/33 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 99467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 12/01/31 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 103216 |
|  |  | &nbsp;&nbsp;&nbsp; 6548838 |
| **Agriculture — 0.1%** | **Agriculture — 0.1%** | **Agriculture — 0.1%** |
| Altria Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 02/04/41 | 163000 | &nbsp;&nbsp;&nbsp; 123036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 08/09/42 | 261000 | &nbsp;&nbsp;&nbsp; 212613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 02/06/35 | 103000 | &nbsp;&nbsp;&nbsp; 105496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 02/14/59 | 149000 | &nbsp;&nbsp;&nbsp; 146356 |
| Archer-Daniels-Midland Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 09/15/47 | 100000 | &nbsp;&nbsp;&nbsp; 76019 |
| BAT Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.734%, 09/25/40 | 110000 | &nbsp;&nbsp;&nbsp; 87427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 03/16/52 | 851000 | &nbsp;&nbsp;&nbsp; 788334 |
| Bunge Ltd. Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 09/17/29 | 139000 | &nbsp;&nbsp;&nbsp; 137685 |
| Philip Morris International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 11/01/30 | 110000 | &nbsp;&nbsp;&nbsp; 97403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 04/28/28 | 100000 | &nbsp;&nbsp;&nbsp; 99834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 11/01/27 | 191000 | &nbsp;&nbsp;&nbsp; 191466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 11/15/41 | 45000 | &nbsp;&nbsp;&nbsp; 39065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 11/01/29 | 160000 | &nbsp;&nbsp;&nbsp; 161408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 02/15/28 | 60000 | &nbsp;&nbsp;&nbsp; 60614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 11/15/43 | 161000 | &nbsp;&nbsp;&nbsp; 144917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 09/07/28 | 100000 | &nbsp;&nbsp;&nbsp; 102550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 02/13/34 | 159000 | &nbsp;&nbsp;&nbsp; 161910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 02/15/33 | 100000 | &nbsp;&nbsp;&nbsp; 102774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/07/30 | 26000 | &nbsp;&nbsp;&nbsp; 26999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 05/16/38 | 147000 | &nbsp;&nbsp;&nbsp; 160231 |
|  |  | &nbsp;&nbsp;&nbsp; 3026137 |
| **Airlines — 0.1%** | **Airlines — 0.1%** | **Airlines — 0.1%** |
| ABRA Global Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 14.000%, 8.000% PIK, 10/22/29 (144A) (h) | 104066 | &nbsp;&nbsp;&nbsp; 98431 |
| American Airlines Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 05/11/36 | 104000 | &nbsp;&nbsp;&nbsp; 104455 |
| Avianca Midco 2 PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 12/01/28 (144A) | 168275 | &nbsp;&nbsp;&nbsp; 162806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 01/28/31 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 183500 |
| JetBlue Airways Corp./JetBlue Loyalty LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.875%, 09/20/31 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 94506 |
| JetBlue Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 11/15/33 | 86348 | &nbsp;&nbsp;&nbsp; 76524 |
| Spirit Airlines Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 08/15/31 | 134240 | &nbsp;&nbsp;&nbsp; 125448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, 08/15/31 | 353749 | &nbsp;&nbsp;&nbsp; 323235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 10/01/29 | 11667 | &nbsp;&nbsp;&nbsp; 11451 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Airlines—(Continued)** | **Airlines—(Continued)** | **Airlines—(Continued)** |
| Turkish Airlines Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 09/15/28 (144A) | 195553 | &nbsp;&nbsp;&nbsp; $193082 |
|  |  | &nbsp;&nbsp;&nbsp; 1373438 |
| **Apparel — 0.0%** | **Apparel — 0.0%** | **Apparel — 0.0%** |
| NIKE, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 11/01/45 | 100000 | &nbsp;&nbsp;&nbsp; 78262 |
| **Auto Manufacturers — 0.4%** | **Auto Manufacturers — 0.4%** | **Auto Manufacturers — 0.4%** |
| Allison Transmission, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 01/30/31 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 93083 |
| American Honda Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/15/28 | 198000 | &nbsp;&nbsp;&nbsp; 194155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 03/03/28 | 100000 | &nbsp;&nbsp;&nbsp; 99958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 01/12/28 | 278000 | &nbsp;&nbsp;&nbsp; 278497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 07/10/31 (i) | 200000 | &nbsp;&nbsp;&nbsp; 200499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 07/07/28 | 258000 | &nbsp;&nbsp;&nbsp; 260747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 03/05/35 | 100000 | &nbsp;&nbsp;&nbsp; 98102 |
| Aston Martin Capital Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 03/31/29 (144A) | 217000 | &nbsp;&nbsp;&nbsp; 163293 |
| Cummins, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 02/20/34 | 102000 | &nbsp;&nbsp;&nbsp; 103703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 05/09/35 | 80000 | &nbsp;&nbsp;&nbsp; 81542 |
| Ford Motor Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/15/43 | 216000 | &nbsp;&nbsp;&nbsp; 163161 |
| Ford Motor Credit Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 06/17/31 | 254000 | &nbsp;&nbsp;&nbsp; 228878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.542%, 08/01/26 | 200000 | &nbsp;&nbsp;&nbsp; 199720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.970%, 04/06/29 | 1250000 | &nbsp;&nbsp;&nbsp; 1234578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 11/05/26 | 376000 | &nbsp;&nbsp;&nbsp; 376777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.303%, 09/06/29 | 278000 | &nbsp;&nbsp;&nbsp; 276549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.918%, 03/20/28 | 477000 | &nbsp;&nbsp;&nbsp; 483046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.050%, 03/05/31 | 200000 | &nbsp;&nbsp;&nbsp; 201770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.950%, 06/10/26 (i) | 224000 | &nbsp;&nbsp;&nbsp; 224527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.122%, 11/07/33 | 225000 | &nbsp;&nbsp;&nbsp; 236350 |
| General Motors Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 10/01/27 | 152000 | &nbsp;&nbsp;&nbsp; 151193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 04/01/38 | 100000 | &nbsp;&nbsp;&nbsp; 93810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/02/43 | 166000 | &nbsp;&nbsp;&nbsp; 163015 |
| General Motors Financial Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.350%, 02/26/27 | 60000 | &nbsp;&nbsp;&nbsp; 58851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 06/21/30 | 100000 | &nbsp;&nbsp;&nbsp; 95103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 04/06/29 | 362000 | &nbsp;&nbsp;&nbsp; 358342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 04/04/28 | 100000 | &nbsp;&nbsp;&nbsp; 100868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 09/06/34 | 167000 | &nbsp;&nbsp;&nbsp; 165634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 06/18/31 | 263000 | &nbsp;&nbsp;&nbsp; 269181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 04/04/34 | 198000 | &nbsp;&nbsp;&nbsp; 203447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/09/28 | 457000 | &nbsp;&nbsp;&nbsp; 467226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.400%, 01/09/33 | 100000 | &nbsp;&nbsp;&nbsp; 105964 |
| Honda Motor Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.534%, 03/10/27 | 100000 | &nbsp;&nbsp;&nbsp; 98277 |
| Nissan Motor Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.345%, 09/17/27 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 194463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 07/17/30 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 201529 |
| Toyota Motor Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.118%, 07/13/28 | 239000 | &nbsp;&nbsp;&nbsp; 243338 |

---

**BHFTII-13**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Auto Manufacturers—(Continued)** | **Auto Manufacturers—(Continued)** | **Auto Manufacturers—(Continued)** |
| Toyota Motor Credit Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 05/17/30 | 170000 | &nbsp;&nbsp;&nbsp; $170841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 01/12/28 (i) | 256000 | &nbsp;&nbsp;&nbsp; 258335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 01/05/29 | 100000 | &nbsp;&nbsp;&nbsp; 101010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 09/03/32 | 100000 | &nbsp;&nbsp;&nbsp; 99258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 05/16/29 | 100000 | &nbsp;&nbsp;&nbsp; 102134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 03/21/31 | 183000 | &nbsp;&nbsp;&nbsp; 187202 |
|  |  | &nbsp;&nbsp;&nbsp; 9087956 |
| **Auto Parts & Equipment — 0.0%** | **Auto Parts & Equipment — 0.0%** | **Auto Parts & Equipment — 0.0%** |
| Adient Global Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 04/15/28 (144A) (i) | 100000 | &nbsp;&nbsp;&nbsp; 101329 |
| Aptiv Swiss Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 05/01/52 | 152000 | &nbsp;&nbsp;&nbsp; 113172 |
| BorgWarner, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.650%, 07/01/27 | 205000 | &nbsp;&nbsp;&nbsp; 200334 |
| Clarios Global LP/Clarios U.S. Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/15/28 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 100973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 09/15/32 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 100800 |
| Lear Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 05/15/29 | 100000 | &nbsp;&nbsp;&nbsp; 98484 |
|  |  | &nbsp;&nbsp;&nbsp; 715092 |
| **Banks — 2.8%** | **Banks — 2.8%** | **Banks — 2.8%** |
| Banco Bilbao Vizcaya Argentaria SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.033%, 1Y H15 + 1.950%, 03/13/35 (a) | 200000 | &nbsp;&nbsp;&nbsp; 207831 |
| Banco Espirito Santo SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/22/49 (EUR) (j) | 200000 | &nbsp;&nbsp;&nbsp; 50857 |
| Banco Santander SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.225%, 1Y H15 + 1.600%, 11/22/32 (a) | 200000 | &nbsp;&nbsp;&nbsp; 179519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.175%, 1Y H15 + 2.000%, 03/24/28 (a) | 600000 | &nbsp;&nbsp;&nbsp; 597357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.365%, 1Y H15 + 0.950%, 07/15/28 (a) | 200000 | &nbsp;&nbsp;&nbsp; 202157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.538%, 1Y H15 + 1.450%, 03/14/30 (a) (i) | 200000 | &nbsp;&nbsp;&nbsp; 204779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.565%, 01/17/30 | 200000 | &nbsp;&nbsp;&nbsp; 204942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.921%, 08/08/33 (i) | 200000 | &nbsp;&nbsp;&nbsp; 215858 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.922%, SOFR + 1.370%, 10/24/31 (a) | 32000 | &nbsp;&nbsp;&nbsp; 28360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.299%, SOFR + 1.220%, 07/21/32 (a) | 178000 | &nbsp;&nbsp;&nbsp; 157127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.482%, 5Y H15 + 1.200%, 09/21/36 (a) | 493000 | &nbsp;&nbsp;&nbsp; 426495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.496%, 3M TSFR + 1.252%, 02/13/31 (a) | 575000 | &nbsp;&nbsp;&nbsp; 531485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.651%, SOFR + 1.220%, 03/11/32 (a) | 287000 | &nbsp;&nbsp;&nbsp; 260284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.831%, SOFR + 1.880%, 10/24/51 (a) | 118000 | &nbsp;&nbsp;&nbsp; 72254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.311%, SOFR + 1.580%, 04/22/42 (a) | 100000 | &nbsp;&nbsp;&nbsp; 76257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.419%, 3M TSFR + 1.302%, 12/20/28 (a) | 1772000 | &nbsp;&nbsp;&nbsp; 1740762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.483%, SOFR + 1.650%, 03/13/52 (a) | 53000 | &nbsp;&nbsp;&nbsp; 36840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.846%, 5Y H15 + 2.000%, 03/08/37 (a) | 253000 | &nbsp;&nbsp;&nbsp; 234353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.271%, 3M TSFR + 1.572%, 07/23/29 (a) | 432000 | &nbsp;&nbsp;&nbsp; 430239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.330%, 3M TSFR + 1.782%, 03/15/50 (a) (i) | 236000 | &nbsp;&nbsp;&nbsp; 191339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.571%, SOFR + 1.830%, 04/27/33 (a) | 1532000 | &nbsp;&nbsp;&nbsp; 1505214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.045%, SOFR + 1.130%, 02/06/37 (a) | 338000 | &nbsp;&nbsp;&nbsp; 333504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.518%, SOFR + 1.738%, 10/25/35 (a) | 609000 | &nbsp;&nbsp;&nbsp; 608986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.819%, SOFR + 1.570%, 09/15/29 (a) (i) | 450000 | &nbsp;&nbsp;&nbsp; 464215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 02/07/42 | 398000 | &nbsp;&nbsp;&nbsp; 409884 |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.803%, 5Y USD Swap + 1.432%, 12/15/32 (a) | 100000 | &nbsp;&nbsp;&nbsp; 98402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, SOFR + 1.080%, 09/22/31 (a) | 118000 | &nbsp;&nbsp;&nbsp; 116317 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.004%, SOFR + 0.670%, 01/27/29 (a) | 55000 | &nbsp;&nbsp;&nbsp; $55493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.370%, 06/04/27 | 167000 | &nbsp;&nbsp;&nbsp; 169032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.717%, 09/25/28 | 141000 | &nbsp;&nbsp;&nbsp; 145192 |
| Bank of New York Mellon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/30/28 | 158000 | &nbsp;&nbsp;&nbsp; 152743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.606%, SOFR + 1.770%, 07/21/39 (a) | 246000 | &nbsp;&nbsp;&nbsp; 250351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.802%, SOFR + 1.802%, 10/25/28 (a) | 326000 | &nbsp;&nbsp;&nbsp; 333294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.474%, SOFR + 1.845%, 10/25/34 (a) | 127000 | &nbsp;&nbsp;&nbsp; 138814 |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.588%, 5Y H15 + 2.050%, 05/04/37 (a) | 295000 | &nbsp;&nbsp;&nbsp; 282207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.813%, SOFR + 1.045%, 02/02/34 (a) | 105000 | &nbsp;&nbsp;&nbsp; 103509 |
| Canadian Imperial Bank of Commerce |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.857%, SOFR + 1.030%, 03/30/29 (a) | 325000 | &nbsp;&nbsp;&nbsp; 327600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.092%, 10/03/33 | 85000 | &nbsp;&nbsp;&nbsp; 90934 |
| Capital One NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 09/13/28 | 250000 | &nbsp;&nbsp;&nbsp; 251051 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.976%, SOFR + 1.422%, 11/05/30 (a) (i) | 1111000 | &nbsp;&nbsp;&nbsp; 1049346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.057%, SOFR + 1.351%, 01/25/33 (a) | 415000 | &nbsp;&nbsp;&nbsp; 375300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.520%, 3M TSFR + 1.413%, 10/27/28 (a) | 951000 | &nbsp;&nbsp;&nbsp; 936849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.980%, 3M TSFR + 1.600%, 03/20/30 (a) | 424000 | &nbsp;&nbsp;&nbsp; 417157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 07/25/28 | 100000 | &nbsp;&nbsp;&nbsp; 99160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.174%, SOFR + 1.488%, 09/11/36 (a) (i) | 273000 | &nbsp;&nbsp;&nbsp; 270623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 05/06/44 | 100000 | &nbsp;&nbsp;&nbsp; 92103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.411%, 5Y H15 + 1.730%, 09/19/39 (a) | 343000 | &nbsp;&nbsp;&nbsp; 335062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.592%, 5Y H15 + 1.280%, 11/19/34 (a) | 100000 | &nbsp;&nbsp;&nbsp; 101499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.612%, SOFR + 1.746%, 03/04/56 (a) | 114000 | &nbsp;&nbsp;&nbsp; 109488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.827%, SOFR + 2.056%, 02/13/35 (a) | 266000 | &nbsp;&nbsp;&nbsp; 269495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 01/30/42 | 289000 | &nbsp;&nbsp;&nbsp; 292535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.920%, 12/11/30 (a) | 2948000 | &nbsp;&nbsp;&nbsp; 2800612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.174%, SOFR + 2.661%, 05/25/34 (a) | 210000 | &nbsp;&nbsp;&nbsp; 217375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.270%, SOFR + 2.338%, 11/17/33 (a) (i) | 100000 | &nbsp;&nbsp;&nbsp; 106879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 01/15/28 | 128000 | &nbsp;&nbsp;&nbsp; 132963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 07/15/39 | 29000 | &nbsp;&nbsp;&nbsp; 36119 |
| Citizens Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.299%, 5Y H15 + 1.450%, 01/29/36 (a) | 68000 | &nbsp;&nbsp;&nbsp; 67388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.718%, SOFR + 1.910%, 07/23/32 (a) | 226000 | &nbsp;&nbsp;&nbsp; 232307 |
| Cooperatieve Rabobank UA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 05/24/41 | 65000 | &nbsp;&nbsp;&nbsp; 62969 |
| Deutsche Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.035%, SOFR + 1.718%, 05/28/32 (a) | 150000 | &nbsp;&nbsp;&nbsp; 135822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.729%, SOFR + 2.757%, 01/14/32 (a) | 224000 | &nbsp;&nbsp;&nbsp; 208171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.720%, SOFR + 3.180%, 01/18/29 (a) (i) | 316000 | &nbsp;&nbsp;&nbsp; 327390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.079%, SOFR + 3.650%, 02/10/34 (a) | 228000 | &nbsp;&nbsp;&nbsp; 244321 |
| Fifth Third Bancorp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.550%, 05/05/27 | 100000 | &nbsp;&nbsp;&nbsp; 98007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.339%, SOFR + 2.340%, 07/27/29 (a) | 228000 | &nbsp;&nbsp;&nbsp; 236360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 03/01/38 | 100000 | &nbsp;&nbsp;&nbsp; 120218 |
| First Citizens BancShares, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 5Y H15 + 1.850%, 09/05/35 (a) | 100000 | &nbsp;&nbsp;&nbsp; 97737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.254%, 5Y H15 + 1.970%, 03/12/40 (a) | 100000 | &nbsp;&nbsp;&nbsp; 97780 |
| FNB Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.722%, SOFR + 1.930%, 12/11/30 (a) | 100000 | &nbsp;&nbsp;&nbsp; 100621 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.542%, SOFR + 0.818%, 09/10/27 (a) | 1158000 | &nbsp;&nbsp;&nbsp; 1142992 |

---

**BHFTII-14**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.615%, SOFR + 1.281%, 04/22/32 (a) | 72000 | &nbsp;&nbsp;&nbsp; $64674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.650%, SOFR + 1.264%, 10/21/32 (a) | 100000 | &nbsp;&nbsp;&nbsp; 88778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.102%, SOFR + 1.410%, 02/24/33 (a) | 365000 | &nbsp;&nbsp;&nbsp; 329649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 03/15/30 | 248000 | &nbsp;&nbsp;&nbsp; 241004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.411%, 3M TSFR + 1.692%, 04/23/39 (a) | 240000 | &nbsp;&nbsp;&nbsp; 214939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.482%, SOFR + 1.725%, 08/23/28 (a) | 1353000 | &nbsp;&nbsp;&nbsp; 1352974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.516%, SOFR + 0.960%, 01/21/32 (a) | 376000 | &nbsp;&nbsp;&nbsp; 370301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.692%, SOFR + 1.135%, 10/23/30 (a) | 385000 | &nbsp;&nbsp;&nbsp; 385301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 10/21/45 | 220000 | &nbsp;&nbsp;&nbsp; 190549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.937%, SOFR + 1.319%, 04/23/28 (a) | 1212000 | &nbsp;&nbsp;&nbsp; 1217921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.939%, SOFR + 1.330%, 10/21/36 (a) | 176000 | &nbsp;&nbsp;&nbsp; 170441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.049%, SOFR + 1.210%, 07/23/30 (a) | 261000 | &nbsp;&nbsp;&nbsp; 264144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.065%, SOFR + 1.190%, 01/21/37 (a) | 263000 | &nbsp;&nbsp;&nbsp; 257128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.207%, SOFR + 1.078%, 01/28/31 (a) | 100000 | &nbsp;&nbsp;&nbsp; 101604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.387%, 5Y H15 + 1.180%, 02/02/41 (a) | 470000 | &nbsp;&nbsp;&nbsp; 454091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.536%, SOFR + 1.380%, 01/28/36 (a) | 294000 | &nbsp;&nbsp;&nbsp; 298847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 02/01/41 | 357000 | &nbsp;&nbsp;&nbsp; 375781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.484%, SOFR + 1.770%, 10/24/29 (a) | 130000 | &nbsp;&nbsp;&nbsp; 135999 |
| HSBC Bank USA NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/15/35 | 250000 | &nbsp;&nbsp;&nbsp; 254885 |
| HSBC Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.357%, SOFR + 1.947%, 08/18/31 (a) | 200000 | &nbsp;&nbsp;&nbsp; 180399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.583%, 3M TSFR + 1.796%, 06/19/29 (a) | 200000 | &nbsp;&nbsp;&nbsp; 199856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.755%, SOFR + 2.110%, 06/09/28 (a) | 378000 | &nbsp;&nbsp;&nbsp; 378803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.762%, SOFR + 2.530%, 03/29/33 (a) | 338000 | &nbsp;&nbsp;&nbsp; 329540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.240%, SOFR + 1.570%, 05/13/31 (a) | 507000 | &nbsp;&nbsp;&nbsp; 514141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.279%, SOFR + 1.550%, 03/10/37 (a) | 200000 | &nbsp;&nbsp;&nbsp; 196408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 01/14/42 | 100000 | &nbsp;&nbsp;&nbsp; 105932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.254%, SOFR + 2.390%, 03/09/34 (a) | 376000 | &nbsp;&nbsp;&nbsp; 398427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 05/02/36 | 201000 | &nbsp;&nbsp;&nbsp; 211094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.800%, 06/01/38 | 100000 | &nbsp;&nbsp;&nbsp; 107642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.390%, SOFR + 3.350%, 11/03/28 (a) | 400000 | &nbsp;&nbsp;&nbsp; 416949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.399%, SOFR + 3.020%, 11/13/34 (a) | 218000 | &nbsp;&nbsp;&nbsp; 240853 |
| HSBC USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 06/03/28 (i) | 547000 | &nbsp;&nbsp;&nbsp; 550407 |
| Huntington Bancshares, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.487%, 5Y H15 + 1.170%, 08/15/36 (a) | 100000 | &nbsp;&nbsp;&nbsp; 85730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.605%, 5Y H15 + 1.350%, 01/28/41 (a) | 122000 | &nbsp;&nbsp;&nbsp; 119060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.709%, SOFR + 1.870%, 02/02/35 (a) | 100000 | &nbsp;&nbsp;&nbsp; 102041 |
| ING Groep NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.858%, SOFR + 1.010%, 03/25/29 (a) | 200000 | &nbsp;&nbsp;&nbsp; 201253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, SOFR + 1.770%, 03/19/35 (a) | 200000 | &nbsp;&nbsp;&nbsp; 203139 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.956%, 3M TSFR + 2.515%, 05/13/31 (a) | 201000 | &nbsp;&nbsp;&nbsp; 187286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.109%, 3M TSFR + 2.460%, 04/22/41 (a) | 200000 | &nbsp;&nbsp;&nbsp; 152517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.897%, 3M TSFR + 1.482%, 01/23/49 (a) | 256000 | &nbsp;&nbsp;&nbsp; 196582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.964%, 3M TSFR + 1.642%, 11/15/48 (a) | 62000 | &nbsp;&nbsp;&nbsp; 48101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.260%, 3M TSFR + 1.842%, 02/22/48 (a) | 39000 | &nbsp;&nbsp;&nbsp; 31883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.505%, SOFR + 0.860%, 10/22/28 (a) | 2263000 | &nbsp;&nbsp;&nbsp; 2262521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.586%, SOFR + 1.800%, 04/26/33 (a) | 579000 | &nbsp;&nbsp;&nbsp; 571286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.995%, SOFR + 1.125%, 07/22/30 (a) | 813000 | &nbsp;&nbsp;&nbsp; 824542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.140%, SOFR + 1.010%, 01/24/31 (a) | 995000 | &nbsp;&nbsp;&nbsp; 1013210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.336%, SOFR + 1.620%, 01/23/35 (a) | 601000 | &nbsp;&nbsp;&nbsp; 610224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.572%, SOFR + 1.680%, 04/22/36 (a) | 100000 | &nbsp;&nbsp;&nbsp; 103048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.576%, SOFR + 1.635%, 07/23/36 (a) | 369000 | &nbsp;&nbsp;&nbsp; 373689 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 07/15/41 | 336000 | &nbsp;&nbsp;&nbsp; $336647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/16/43 | 100000 | &nbsp;&nbsp;&nbsp; 99504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.766%, SOFR + 1.490%, 04/22/35 (a) | 1105000 | &nbsp;&nbsp;&nbsp; 1150952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.254%, SOFR + 1.810%, 10/23/34 (a) | 100000 | &nbsp;&nbsp;&nbsp; 107521 |
| Keybank National Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/26/33 | 250000 | &nbsp;&nbsp;&nbsp; 246399 |
| Lloyds Banking Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.369%, 5Y H15 + 1.500%, 12/14/46 (a) | 200000 | &nbsp;&nbsp;&nbsp; 144295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 1Y H15 + 1.800%, 03/18/28 (a) | 244000 | &nbsp;&nbsp;&nbsp; 242383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 08/16/28 | 200000 | &nbsp;&nbsp;&nbsp; 200270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.976%, 1Y H15 + 2.300%, 08/11/33 (a) | 200000 | &nbsp;&nbsp;&nbsp; 199142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.068%, 1Y H15 + 1.600%, 06/13/36 (a) | 200000 | &nbsp;&nbsp;&nbsp; 203268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.953%, 1Y H15 + 3.750%, 11/15/33 (a) | 200000 | &nbsp;&nbsp;&nbsp; 227840 |
| M&T Bank Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 5Y H15 + 1.430%, 07/30/35 (a) | 200000 | &nbsp;&nbsp;&nbsp; 199357 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.080%, 1Y H15 + 1.300%, 04/19/28 (a) | 427000 | &nbsp;&nbsp;&nbsp; 425382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.505%, 1Y H15 + 0.800%, 01/14/32 (a) | 200000 | &nbsp;&nbsp;&nbsp; 197102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.133%, 1Y H15 + 2.125%, 07/20/33 (a) | 297000 | &nbsp;&nbsp;&nbsp; 299678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.159%, 1Y H15 + 1.170%, 04/24/31 (a) | 319000 | &nbsp;&nbsp;&nbsp; 323540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.188%, 1Y H15 + 0.930%, 09/12/36 (a) | 200000 | &nbsp;&nbsp;&nbsp; 198556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.258%, 1Y H15 + 0.820%, 04/17/30 (a) | 473000 | &nbsp;&nbsp;&nbsp; 481317 |
| Mizuho Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.201%, 3M TSFR + 1.772%, 07/10/31 (a) | 200000 | &nbsp;&nbsp;&nbsp; 180147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.382%, 1Y H15 + 1.080%, 07/10/30 (a) | 400000 | &nbsp;&nbsp;&nbsp; 409158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.748%, 1Y H15 + 1.900%, 07/06/34 (a) | 200000 | &nbsp;&nbsp;&nbsp; 207750 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.484%, SOFR + 1.360%, 09/16/36 (a) | 156000 | &nbsp;&nbsp;&nbsp; 134220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.943%, SOFR + 1.290%, 01/21/33 (a) | 1212000 | &nbsp;&nbsp;&nbsp; 1089755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.042%, SOFR + 1.215%, 07/19/30 (a) | 1905000 | &nbsp;&nbsp;&nbsp; 1927036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.230%, SOFR + 1.108%, 01/15/31 (a) | 834000 | &nbsp;&nbsp;&nbsp; 846827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.424%, SOFR + 1.880%, 07/21/34 (a) | 100000 | &nbsp;&nbsp;&nbsp; 101466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.664%, SOFR + 1.757%, 04/17/36 (a) | 871000 | &nbsp;&nbsp;&nbsp; 892132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, SOFR + 1.782%, 03/13/47 (a) | 445000 | &nbsp;&nbsp;&nbsp; 442935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.942%, 5Y H15 + 1.800%, 02/07/39 (a) | 135000 | &nbsp;&nbsp;&nbsp; 138003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 07/24/42 | 322000 | &nbsp;&nbsp;&nbsp; 344986 |
| NatWest Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.073%, 1Y H15 + 2.550%, 05/22/28 (a) | 246000 | &nbsp;&nbsp;&nbsp; 242048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.445%, 05/08/30 | 421000 | &nbsp;&nbsp;&nbsp; 418466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.516%, 1Y H15 + 2.270%, 09/30/28 (a) | 277000 | &nbsp;&nbsp;&nbsp; 281060 |
| Northern Trust Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 05/08/32 | 232000 | &nbsp;&nbsp;&nbsp; 228764 |
| PNC Bank NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.429%, SOFR + 0.727%, 07/21/28 (a) | 250000 | &nbsp;&nbsp;&nbsp; 249905 |
| PNC Financial Services Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.307%, SOFR + 0.979%, 04/23/32 (a) | 129000 | &nbsp;&nbsp;&nbsp; 114893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.450%, 04/23/29 | 22000 | &nbsp;&nbsp;&nbsp; 21512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.075%, SOFR + 0.610%, 01/26/29 (a) | 100000 | &nbsp;&nbsp;&nbsp; 99472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.626%, SOFR + 1.850%, 06/06/33 (a) | 157000 | &nbsp;&nbsp;&nbsp; 152605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.812%, SOFR + 1.259%, 10/21/32 (a) | 84000 | &nbsp;&nbsp;&nbsp; 83721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.373%, SOFR + 1.417%, 07/21/36 (a) | 100000 | &nbsp;&nbsp;&nbsp; 100437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.423%, 5Y H15 + 1.170%, 01/25/41 (a) | 184000 | &nbsp;&nbsp;&nbsp; 180255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.676%, SOFR + 1.902%, 01/22/35 (a) | 130000 | &nbsp;&nbsp;&nbsp; 133732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.939%, SOFR + 1.946%, 08/18/34 (a) | 118000 | &nbsp;&nbsp;&nbsp; 123584 |

---

**BHFTII-15**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| Regions Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.502%, SOFR + 2.060%, 09/06/35 (a) | 105000 | &nbsp;&nbsp;&nbsp; $105143 |
| Royal Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.240%, 08/03/27 (i) | 357000 | &nbsp;&nbsp;&nbsp; 356872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.305%, SOFR + 0.980%, 11/03/31 (a) | 110000 | &nbsp;&nbsp;&nbsp; 108136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.522%, SOFR + 0.860%, 10/18/28 (a) | 647000 | &nbsp;&nbsp;&nbsp; 647718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.696%, SOFR + 1.060%, 08/06/31 (a) | 100000 | &nbsp;&nbsp;&nbsp; 99778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/02/33 | 100000 | &nbsp;&nbsp;&nbsp; 100886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 08/01/28 | 100000 | &nbsp;&nbsp;&nbsp; 101982 |
| Santander Holdings USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.353%, SOFR + 1.940%, 09/06/30 (a) | 261000 | &nbsp;&nbsp;&nbsp; 263791 |
| Santander U.K. Group Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.694%, SOFR + 1.524%, 04/15/31 (a) | 200000 | &nbsp;&nbsp;&nbsp; 205697 |
| State Street Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.200%, 03/03/31 | 100000 | &nbsp;&nbsp;&nbsp; 89471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.031%, SOFR + 1.490%, 11/01/34 (a) | 179000 | &nbsp;&nbsp;&nbsp; 168505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.159%, SOFR + 1.890%, 05/18/34 (a) | 162000 | &nbsp;&nbsp;&nbsp; 164026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.820%, SOFR + 1.715%, 11/04/28 (a) | 177000 | &nbsp;&nbsp;&nbsp; 180906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.123%, SOFR + 1.958%, 11/21/34 (a) | 100000 | &nbsp;&nbsp;&nbsp; 105668 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.472%, 01/14/29 | 200000 | &nbsp;&nbsp;&nbsp; 189719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.040%, 07/16/29 | 200000 | &nbsp;&nbsp;&nbsp; 190239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.108%, 01/15/29 | 200000 | &nbsp;&nbsp;&nbsp; 198250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.334%, 5Y H15 + 1.300%, 03/03/41 (a) | 106000 | &nbsp;&nbsp;&nbsp; 102785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.424%, 07/09/31 (i) | 426000 | &nbsp;&nbsp;&nbsp; 436092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.766%, 01/13/33 | 414000 | &nbsp;&nbsp;&nbsp; 430856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.796%, SOFR + 1.780%, 07/08/46 (a) | 100000 | &nbsp;&nbsp;&nbsp; 97016 |
| Toronto-Dominion Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.108%, 06/08/27 | 412000 | &nbsp;&nbsp;&nbsp; 410920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.861%, 01/31/28 | 26000 | &nbsp;&nbsp;&nbsp; 26209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.994%, 04/05/29 | 300000 | &nbsp;&nbsp;&nbsp; 304834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.146%, 5Y H15 + 1.500%, 09/10/34 (a) | 464000 | &nbsp;&nbsp;&nbsp; 464510 |
| Truist Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 08/03/27 | 136000 | &nbsp;&nbsp;&nbsp; 130359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.597%, SOFR + 0.965%, 01/27/32 (a) | 33000 | &nbsp;&nbsp;&nbsp; 32648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.916%, SOFR + 2.240%, 07/28/33 (a) | 171000 | &nbsp;&nbsp;&nbsp; 167684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.964%, SOFR + 1.395%, 10/23/36 (a) (i) | 36000 | &nbsp;&nbsp;&nbsp; 34870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.435%, SOFR + 1.620%, 01/24/30 (a) | 334000 | &nbsp;&nbsp;&nbsp; 341869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.711%, SOFR + 1.922%, 01/24/35 (a) | 37000 | &nbsp;&nbsp;&nbsp; 38167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.123%, SOFR + 2.300%, 10/28/33 (a) | 258000 | &nbsp;&nbsp;&nbsp; 272760 |
| U.S. Bancorp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.481%, SOFR + 0.867%, 01/26/32 (a) | 209000 | &nbsp;&nbsp;&nbsp; 206797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.548%, SOFR + 1.660%, 07/22/28 (a) | 214000 | &nbsp;&nbsp;&nbsp; 214192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.653%, SOFR + 1.230%, 02/01/29 (a) | 402000 | &nbsp;&nbsp;&nbsp; 403839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.967%, SOFR + 2.110%, 07/22/33 (a) (i) | 140000 | &nbsp;&nbsp;&nbsp; 138471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.678%, SOFR + 1.860%, 01/23/35 (a) | 211000 | &nbsp;&nbsp;&nbsp; 217933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.775%, SOFR + 2.020%, 06/12/29 (a) | 100000 | &nbsp;&nbsp;&nbsp; 102858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.836%, SOFR + 2.260%, 06/12/34 (a) | 100000 | &nbsp;&nbsp;&nbsp; 104373 |
| UBS AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 09/11/28 (i) | 200000 | &nbsp;&nbsp;&nbsp; 206392 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.350%, SOFR + 1.500%, 03/02/33 (a) | 557000 | &nbsp;&nbsp;&nbsp; 511429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.584%, 3M TSFR + 1.572%, 05/22/28 (a) | 100000 | &nbsp;&nbsp;&nbsp; 99055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 07/22/27 | 290000 | &nbsp;&nbsp;&nbsp; 289628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 06/14/46 | 245000 | &nbsp;&nbsp;&nbsp; 195055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.611%, SOFR + 2.130%, 04/25/53 (a) | 100000 | &nbsp;&nbsp;&nbsp; 82912 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 11/04/44 | 117000 | &nbsp;&nbsp;&nbsp; $98098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 12/07/46 | 100000 | &nbsp;&nbsp;&nbsp; 83830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.892%, SOFR + 1.340%, 09/15/36 (a) | 393000 | &nbsp;&nbsp;&nbsp; 382352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.897%, SOFR + 2.100%, 07/25/33 (a) | 274000 | &nbsp;&nbsp;&nbsp; 272599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.013%, 3M TSFR + 4.502%, 04/04/51 (a) | 189000 | &nbsp;&nbsp;&nbsp; 166508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, SOFR + 1.500%, 04/23/31 (a) (i) | 737000 | &nbsp;&nbsp;&nbsp; 749592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.198%, SOFR + 1.500%, 01/23/30 (a) | 421000 | &nbsp;&nbsp;&nbsp; 427599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.244%, SOFR + 1.110%, 01/24/31 (a) | 100000 | &nbsp;&nbsp;&nbsp; 101938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 11/02/43 | 146000 | &nbsp;&nbsp;&nbsp; 136479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.433%, SOFR + 1.230%, 01/23/47 (a) | 160000 | &nbsp;&nbsp;&nbsp; 151607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.557%, SOFR + 1.990%, 07/25/34 (a) | 30000 | &nbsp;&nbsp;&nbsp; 30746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.605%, SOFR + 1.740%, 04/23/36 (a) | 100000 | &nbsp;&nbsp;&nbsp; 102333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.707%, SOFR + 1.070%, 04/22/28 (a) | 1165000 | &nbsp;&nbsp;&nbsp; 1180028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.491%, SOFR + 2.060%, 10/23/34 (a) | 203000 | &nbsp;&nbsp;&nbsp; 219799 |
| Wells Fargo Bank NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 02/01/37 | 257000 | &nbsp;&nbsp;&nbsp; 264773 |
| Westpac Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.963%, 11/16/40 | 106000 | &nbsp;&nbsp;&nbsp; 78537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.133%, 11/18/41 | 170000 | &nbsp;&nbsp;&nbsp; 124877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.405%, 1Y H15 + 2.680%, 08/10/33 (a) | 43000 | &nbsp;&nbsp;&nbsp; 43560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.618%, 1Y H15 + 1.200%, 11/20/35 (a) | 100000 | &nbsp;&nbsp;&nbsp; 101179 |
| Zions Bancorp NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 10/29/29 | 250000 | &nbsp;&nbsp;&nbsp; 231835 |
|  |  | &nbsp;&nbsp;&nbsp; 69103649 |
| **Beverages — 0.2%** | **Beverages — 0.2%** | **Beverages — 0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, <br> Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 02/01/36 | 143000 | &nbsp;&nbsp;&nbsp; 139278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 02/01/46 | 29000 | &nbsp;&nbsp;&nbsp; 26134 |
| Anheuser-Busch InBev Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 02/01/36 | 285000 | &nbsp;&nbsp;&nbsp; 277582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 02/01/46 | 122000 | &nbsp;&nbsp;&nbsp; 109526 |
| Anheuser-Busch InBev Worldwide, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/23/29 (i) | 119000 | &nbsp;&nbsp;&nbsp; 120513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 01/15/42 | 569000 | &nbsp;&nbsp;&nbsp; 530787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 01/23/49 | 100000 | &nbsp;&nbsp;&nbsp; 97117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 01/23/59 (i) | 260000 | &nbsp;&nbsp;&nbsp; 260627 |
| Coca-Cola Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 03/15/31 | 247000 | &nbsp;&nbsp;&nbsp; 215392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.650%, 06/01/30 | 100000 | &nbsp;&nbsp;&nbsp; 90397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/05/31 | 154000 | &nbsp;&nbsp;&nbsp; 138367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 01/05/32 | 100000 | &nbsp;&nbsp;&nbsp; 89522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 05/13/54 (i) | 276000 | &nbsp;&nbsp;&nbsp; 264532 |
| Constellation Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/09/27 | 762000 | &nbsp;&nbsp;&nbsp; 753928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/09/47 | 100000 | &nbsp;&nbsp;&nbsp; 81480 |
| Keurig Dr. Pepper, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 05/15/28 | 186000 | &nbsp;&nbsp;&nbsp; 185336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 05/15/30 | 100000 | &nbsp;&nbsp;&nbsp; 98959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 03/15/29 | 100000 | &nbsp;&nbsp;&nbsp; 101088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 05/15/35 | 100000 | &nbsp;&nbsp;&nbsp; 97463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 03/15/31 | 100000 | &nbsp;&nbsp;&nbsp; 101096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 03/15/34 | 100000 | &nbsp;&nbsp;&nbsp; 99148 |

---

**BHFTII-16**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Beverages—(Continued)** | **Beverages—(Continued)** | **Beverages—(Continued)** |
| Molson Coors Beverage Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/01/42 (i) | 106000 | &nbsp;&nbsp;&nbsp; $95244 |
| PepsiCo Singapore Financing I Pte. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 02/16/29 | 134000 | &nbsp;&nbsp;&nbsp; 135362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 02/16/34 | 276000 | &nbsp;&nbsp;&nbsp; 274530 |
| PepsiCo, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 07/29/29 | 167000 | &nbsp;&nbsp;&nbsp; 158778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/19/40 | 100000 | &nbsp;&nbsp;&nbsp; 83097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 02/18/28 | 47000 | &nbsp;&nbsp;&nbsp; 46635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/05/42 | 100000 | &nbsp;&nbsp;&nbsp; 84620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 01/15/29 | 139000 | &nbsp;&nbsp;&nbsp; 138920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 07/18/52 | 100000 | &nbsp;&nbsp;&nbsp; 80460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 05/15/28 | 100000 | &nbsp;&nbsp;&nbsp; 100819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 02/07/30 | 121000 | &nbsp;&nbsp;&nbsp; 122572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/07/35 | 100000 | &nbsp;&nbsp;&nbsp; 101240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/23/35 (i) | 100000 | &nbsp;&nbsp;&nbsp; 101198 |
|  |  | &nbsp;&nbsp;&nbsp; 5401747 |
| **Biotechnology — 0.2%** | **Biotechnology — 0.2%** | **Biotechnology — 0.2%** |
| Amgen, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.450%, 02/21/30 | 272000 | &nbsp;&nbsp;&nbsp; 252596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/22/29 | 460000 | &nbsp;&nbsp;&nbsp; 443852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 11/02/27 | 100000 | &nbsp;&nbsp;&nbsp; 98438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.350%, 02/22/32 | 730000 | &nbsp;&nbsp;&nbsp; 679732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 02/22/52 | 196000 | &nbsp;&nbsp;&nbsp; 152289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.563%, 06/15/48 | 209000 | &nbsp;&nbsp;&nbsp; 175164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.663%, 06/15/51 | 100000 | &nbsp;&nbsp;&nbsp; 83897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 02/19/36 (i) | 45000 | &nbsp;&nbsp;&nbsp; 44214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 03/01/53 (i) | 100000 | &nbsp;&nbsp;&nbsp; 86628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/19/46 | 195000 | &nbsp;&nbsp;&nbsp; 187246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.400%, 02/01/39 | 142000 | &nbsp;&nbsp;&nbsp; 153529 |
| Baxalta, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 06/23/45 | 256000 | &nbsp;&nbsp;&nbsp; 238286 |
| Biogen, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.150%, 05/01/50 | 100000 | &nbsp;&nbsp;&nbsp; 63020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 01/15/31 | 135000 | &nbsp;&nbsp;&nbsp; 137642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 05/15/35 | 100000 | &nbsp;&nbsp;&nbsp; 103415 |
| Gilead Sciences, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.650%, 10/01/30 | 100000 | &nbsp;&nbsp;&nbsp; 89072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 09/01/35 | 100000 | &nbsp;&nbsp;&nbsp; 97720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 04/01/44 | 137000 | &nbsp;&nbsp;&nbsp; 123634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 10/15/33 | 107000 | &nbsp;&nbsp;&nbsp; 110660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 10/15/53 (i) | 104000 | &nbsp;&nbsp;&nbsp; 101128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 12/01/41 | 266000 | &nbsp;&nbsp;&nbsp; 270668 |
| Royalty Pharma PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 09/02/27 (i) | 100000 | &nbsp;&nbsp;&nbsp; 96403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 09/02/29 | 125000 | &nbsp;&nbsp;&nbsp; 127251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 09/25/35 (i) | 100000 | &nbsp;&nbsp;&nbsp; 98693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 09/02/34 | 100000 | &nbsp;&nbsp;&nbsp; 100825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 09/25/55 | 100000 | &nbsp;&nbsp;&nbsp; 97264 |
|  |  | &nbsp;&nbsp;&nbsp; 4213266 |
| **Building Materials — 0.1%** | **Building Materials — 0.1%** | **Building Materials — 0.1%** |
| Builders FirstSource, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/01/34 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 98722 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Building Materials—(Continued)** | **Building Materials—(Continued)** | **Building Materials—(Continued)** |
| Carrier Global Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.700%, 02/15/31 | 122000 | &nbsp;&nbsp;&nbsp; $111853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.722%, 02/15/30 | 100000 | &nbsp;&nbsp;&nbsp; 93392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 03/15/34 | 122000 | &nbsp;&nbsp;&nbsp; 128716 |
| Cemex SAB de CV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.200%, 5Y H15 + 3.520%, 06/10/30 (144A) (a) | 721000 | &nbsp;&nbsp;&nbsp; 730012 |
| Fortune Brands Innovations, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 06/01/33 | 51000 | &nbsp;&nbsp;&nbsp; 52817 |
| &nbsp;&nbsp;&nbsp;&nbsp; Johnson Controls International PLC/Tyco Fire & Security <br> Finance SCA<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 12/01/32 | 110000 | &nbsp;&nbsp;&nbsp; 110422 |
| Martin Marietta Materials, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.400%, 07/15/31 | 144000 | &nbsp;&nbsp;&nbsp; 128164 |
| Masco Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 02/15/28 | 100000 | &nbsp;&nbsp;&nbsp; 94638 |
| Owens Corning |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 06/15/34 | 100000 | &nbsp;&nbsp;&nbsp; 103374 |
| Smyrna Ready Mix Concrete LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 11/15/31 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 103120 |
| Trane Technologies Financing Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/03/33 | 143000 | &nbsp;&nbsp;&nbsp; 146644 |
| Vulcan Materials Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/30 | 181000 | &nbsp;&nbsp;&nbsp; 173503 |
|  |  | &nbsp;&nbsp;&nbsp; 2075377 |
| **Chemicals — 0.2%** | **Chemicals — 0.2%** | **Chemicals — 0.2%** |
| Air Products & Chemicals, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 02/08/34 | 100000 | &nbsp;&nbsp;&nbsp; 100120 |
| CF Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 06/01/43 | 105000 | &nbsp;&nbsp;&nbsp; 93678 |
| Chemours Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 11/15/29 (144A) (i) | 100000 | &nbsp;&nbsp;&nbsp; 93776 |
| Dow Chemical Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 10/01/34 | 88000 | &nbsp;&nbsp;&nbsp; 79924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 05/15/49 | 100000 | &nbsp;&nbsp;&nbsp; 77363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 02/15/54 | 100000 | &nbsp;&nbsp;&nbsp; 85991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 11/01/29 | 110000 | &nbsp;&nbsp;&nbsp; 119018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.400%, 05/15/39 | 147000 | &nbsp;&nbsp;&nbsp; 186172 |
| DuPont de Nemours, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.725%, 11/15/28 | 100000 | &nbsp;&nbsp;&nbsp; 100586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.725%, 11/15/28 (144A) | 173000 | &nbsp;&nbsp;&nbsp; 173652 |
| Eastman Chemical Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/20/31 | 172000 | &nbsp;&nbsp;&nbsp; 168177 |
| Ecolab, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.300%, 01/30/31 | 158000 | &nbsp;&nbsp;&nbsp; 136553 |
| FMC Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.450%, 5Y H15 + 4.366%, 11/01/55 (a) | 12000 | &nbsp;&nbsp;&nbsp; 7726 |
| International Flavors & Fragrances, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 09/26/28 | 188000 | &nbsp;&nbsp;&nbsp; 187420 |
| Lubrizol Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/01/34 | 100000 | &nbsp;&nbsp;&nbsp; 111783 |
| LYB International Finance BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 07/15/43 | 119000 | &nbsp;&nbsp;&nbsp; 102283 |
| LYB International Finance II BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/02/27 | 100000 | &nbsp;&nbsp;&nbsp; 99019 |

---

**BHFTII-17**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Chemicals—(Continued)** | **Chemicals—(Continued)** | **Chemicals—(Continued)** |
| LYB International Finance III LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 10/15/49 | 200000 | &nbsp;&nbsp;&nbsp; $141516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 05/15/33 | 100000 | &nbsp;&nbsp;&nbsp; 100808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 01/15/36 | 20000 | &nbsp;&nbsp;&nbsp; 20066 |
| Mosaic Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 11/15/33 | 161000 | &nbsp;&nbsp;&nbsp; 162712 |
| Nutrien Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 05/13/30 | 153000 | &nbsp;&nbsp;&nbsp; 143394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 06/21/27 | 100000 | &nbsp;&nbsp;&nbsp; 100964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 01/15/41 | 103000 | &nbsp;&nbsp;&nbsp; 107481 |
| OCP SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/02/34 | 708000 | &nbsp;&nbsp;&nbsp; 736239 |
| Olympus Water U.S. Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/01/29 (144A) (i) | 200000 | &nbsp;&nbsp;&nbsp; 189008 |
| Sasol Financing USA LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 05/03/29 | 200000 | &nbsp;&nbsp;&nbsp; 208144 |
| SCIH Salt Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 05/01/28 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 98859 |
| Sherwin-Williams Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.450%, 06/01/27 | 405000 | &nbsp;&nbsp;&nbsp; 400692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 08/15/28 | 135000 | &nbsp;&nbsp;&nbsp; 134709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/47 | 100000 | &nbsp;&nbsp;&nbsp; 83242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 03/01/28 | 100000 | &nbsp;&nbsp;&nbsp; 100385 |
| Westlake Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 11/15/47 | 104000 | &nbsp;&nbsp;&nbsp; 80327 |
|  |  | &nbsp;&nbsp;&nbsp; 4731787 |
| **Commercial Services — 0.2%** | **Commercial Services — 0.2%** | **Commercial Services — 0.2%** |
| Block, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 06/01/26 | 100000 | &nbsp;&nbsp;&nbsp; 99544 |
| Clarivate Science Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 07/01/28 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 94372 |
| DP World Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.850%, 07/02/37 | 820000 | &nbsp;&nbsp;&nbsp; 866660 |
| GEO Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 04/15/29 | 100000 | &nbsp;&nbsp;&nbsp; 103853 |
| Global Payments, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 05/15/30 | 157000 | &nbsp;&nbsp;&nbsp; 143504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 08/15/29 | 100000 | &nbsp;&nbsp;&nbsp; 100686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 08/15/32 | 100000 | &nbsp;&nbsp;&nbsp; 99172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 11/15/35 | 163000 | &nbsp;&nbsp;&nbsp; 157073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 08/15/52 | 42000 | &nbsp;&nbsp;&nbsp; 38649 |
| Kaspi.KZ JSC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/26/30 | 200000 | &nbsp;&nbsp;&nbsp; 200926 |
| Moody's Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 07/15/44 | 100000 | &nbsp;&nbsp;&nbsp; 93857 |
| PayPal Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.300%, 06/01/30 (i) | 150000 | &nbsp;&nbsp;&nbsp; 137202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 06/01/27 | 450000 | &nbsp;&nbsp;&nbsp; 447769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 06/01/34 | 100000 | &nbsp;&nbsp;&nbsp; 99733 |
| Prime Security Services Borrower LLC/Prime Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 08/31/27 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 97326 |
| S&P Global, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 03/01/29 | 236000 | &nbsp;&nbsp;&nbsp; 227306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 01/15/31 (144A) (i) | 260000 | &nbsp;&nbsp;&nbsp; 256641 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Services—(Continued)** | **Commercial Services—(Continued)** | **Commercial Services—(Continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Triton Container International Ltd./TAL International <br> Container Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 02/15/33 | 376000 | &nbsp;&nbsp;&nbsp; $368152 |
| Verisk Analytics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 03/15/31 | 95000 | &nbsp;&nbsp;&nbsp; 93420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 06/05/34 | 100000 | &nbsp;&nbsp;&nbsp; 99598 |
| Worldline SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.875%, 06/30/27 (EUR) | 200000 | &nbsp;&nbsp;&nbsp; 216661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 09/12/28 (EUR) | 500000 | &nbsp;&nbsp;&nbsp; 525141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 11/27/29 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 99782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/10/30 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 98930 |
|  |  | &nbsp;&nbsp;&nbsp; 4765957 |
| **Computers — 0.4%** | **Computers — 0.4%** | **Computers — 0.4%** |
| Apple, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.650%, 05/11/50 | 897000 | &nbsp;&nbsp;&nbsp; 548850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.650%, 02/08/51 | 1098000 | &nbsp;&nbsp;&nbsp; 664509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 09/12/47 | 464000 | &nbsp;&nbsp;&nbsp; 358788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 05/04/43 | 100000 | &nbsp;&nbsp;&nbsp; 82671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 08/04/46 | 157000 | &nbsp;&nbsp;&nbsp; 124627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 08/08/62 | 151000 | &nbsp;&nbsp;&nbsp; 114983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 05/12/30 (i) | 236000 | &nbsp;&nbsp;&nbsp; 237220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/09/47 | 144000 | &nbsp;&nbsp;&nbsp; 120594 |
| Dell International LLC/EMC Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/15/31 | 143000 | &nbsp;&nbsp;&nbsp; 141310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 04/15/34 (i) | 144000 | &nbsp;&nbsp;&nbsp; 145296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.100%, 07/15/36 | 209000 | &nbsp;&nbsp;&nbsp; 248431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.350%, 07/15/46 | 74000 | &nbsp;&nbsp;&nbsp; 91596 |
| Gartner, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 10/01/30 (144A) | 147000 | &nbsp;&nbsp;&nbsp; 133665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/28 (144A) (i) | 5550000 | &nbsp;&nbsp;&nbsp; 5456404 |
| Hewlett Packard Enterprise Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 10/15/30 | 105000 | &nbsp;&nbsp;&nbsp; 103091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 10/15/31 | 103000 | &nbsp;&nbsp;&nbsp; 102306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 10/15/54 | 100000 | &nbsp;&nbsp;&nbsp; 89267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 10/15/35 | 104000 | &nbsp;&nbsp;&nbsp; 110268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.350%, 10/15/45 | 33000 | &nbsp;&nbsp;&nbsp; 32947 |
| HP, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.650%, 06/17/31 | 128000 | &nbsp;&nbsp;&nbsp; 113837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 04/15/32 | 160000 | &nbsp;&nbsp;&nbsp; 152149 |
| IBM International Capital Pte. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/05/31 | 328000 | &nbsp;&nbsp;&nbsp; 328436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 02/05/34 | 301000 | &nbsp;&nbsp;&nbsp; 296988 |
| International Business Machines Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 05/15/50 | 100000 | &nbsp;&nbsp;&nbsp; 61242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 07/27/52 | 100000 | &nbsp;&nbsp;&nbsp; 84208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 02/06/53 | 100000 | &nbsp;&nbsp;&nbsp; 86982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 11/30/39 (i) | 258000 | &nbsp;&nbsp;&nbsp; 259647 |
| Kyndryl Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.350%, 02/20/34 (i) | 188000 | &nbsp;&nbsp;&nbsp; 174415 |
| Leidos, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/15/36 | 100000 | &nbsp;&nbsp;&nbsp; 96681 |
| NCR Atleos Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 04/01/29 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 107044 |
|  |  | &nbsp;&nbsp;&nbsp; 10668452 |

---

**BHFTII-18**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Cosmetics/Personal Care — 0.1%** | **Cosmetics/Personal Care — 0.1%** | **Cosmetics/Personal Care — 0.1%** |
| Colgate-Palmolive Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 08/01/47 | 338000 | &nbsp;&nbsp;&nbsp; $261469 |
| Estee Lauder Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 05/15/28 | 39000 | &nbsp;&nbsp;&nbsp; 39040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/14/34 | 111000 | &nbsp;&nbsp;&nbsp; 110459 |
| Kenvue, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 03/22/28 | 564000 | &nbsp;&nbsp;&nbsp; 572607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 03/22/43 | 16000 | &nbsp;&nbsp;&nbsp; 15111 |
| Procter & Gamble Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.200%, 10/29/30 (i) | 270000 | &nbsp;&nbsp;&nbsp; 236316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 11/03/35 | 204000 | &nbsp;&nbsp;&nbsp; 197799 |
|  |  | &nbsp;&nbsp;&nbsp; 1432801 |
| **Distribution/Wholesale — 0.0%** | **Distribution/Wholesale — 0.0%** | **Distribution/Wholesale — 0.0%** |
| LKQ Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 06/15/28 | 100000 | &nbsp;&nbsp;&nbsp; 101776 |
| **Diversified Financial Services — 1.0%** | **Diversified Financial Services — 1.0%** | **Diversified Financial Services — 1.0%** |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 10/29/33 | 272000 | &nbsp;&nbsp;&nbsp; 240652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, 07/21/27 | 303000 | &nbsp;&nbsp;&nbsp; 299762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 01/19/29 (i) | 164000 | &nbsp;&nbsp;&nbsp; 166142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 09/30/30 | 204000 | &nbsp;&nbsp;&nbsp; 214381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 5Y H15 + 2.441%, 01/31/56 (a) | 385000 | &nbsp;&nbsp;&nbsp; 385397 |
| Air Lease Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/30 (i) | 158000 | &nbsp;&nbsp;&nbsp; 146853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 10/01/28 | 180000 | &nbsp;&nbsp;&nbsp; 179179 |
| Ally Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.184%, SOFR + 2.290%, 07/26/35 (a) | 114000 | &nbsp;&nbsp;&nbsp; 114331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.646%, 5Y H15 + 2.450%, 01/17/40 (a) | 100000 | &nbsp;&nbsp;&nbsp; 96523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 11/01/31 | 157000 | &nbsp;&nbsp;&nbsp; 173736 |
| American Express Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, 05/03/29 | 223000 | &nbsp;&nbsp;&nbsp; 222120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.804%, SOFR + 1.237%, 10/24/36 (a) (i) | 72000 | &nbsp;&nbsp;&nbsp; 69617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.989%, SOFR + 2.255%, 05/26/33 (a) | 100000 | &nbsp;&nbsp;&nbsp; 99484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.043%, SOFR + 0.930%, 07/26/28 (a) | 281000 | &nbsp;&nbsp;&nbsp; 283419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.043%, SOFR + 1.835%, 05/01/34 (a) | 251000 | &nbsp;&nbsp;&nbsp; 251381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.085%, SOFR + 1.020%, 01/30/31 (a) | 100000 | &nbsp;&nbsp;&nbsp; 101691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.442%, SOFR + 1.320%, 01/30/36 (a) | 100000 | &nbsp;&nbsp;&nbsp; 101795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.667%, SOFR + 1.790%, 04/25/36 (a) | 144000 | &nbsp;&nbsp;&nbsp; 148827 |
| Apollo Global Management, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 5Y H15 + 2.168%, 12/15/54 (a) | 180000 | &nbsp;&nbsp;&nbsp; 168768 |
| Aretec Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 08/15/30 (144A) | 80000 | &nbsp;&nbsp;&nbsp; 84973 |
| &nbsp;&nbsp;&nbsp;&nbsp; AT&T Reign II Multi-Property Lease-Backed Pass-Through <br> Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.088%, 12/15/44 (144A) | 2719565 | &nbsp;&nbsp;&nbsp; 2692274 |
| Blue Owl Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 06/10/31 | 121000 | &nbsp;&nbsp;&nbsp; 104336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 04/18/34 | 100000 | &nbsp;&nbsp;&nbsp; 96138 |
| Brookfield Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 03/29/29 | 106000 | &nbsp;&nbsp;&nbsp; 106478 |
| Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 01/31/28 | 340000 | &nbsp;&nbsp;&nbsp; 336007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.927%, SOFR + 2.057%, 05/10/28 (a) | 100000 | &nbsp;&nbsp;&nbsp; 100269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.884%, SOFR + 1.990%, 07/26/35 (a) | 100000 | &nbsp;&nbsp;&nbsp; 102425 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Diversified Financial Services—(Continued)** | **Diversified Financial Services—(Continued)** | **Diversified Financial Services—(Continued)** |
| Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.183%, SOFR + 2.036%, 01/30/36 (a) (i) | 126000 | &nbsp;&nbsp;&nbsp; $128161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.624%, SOFR + 3.070%, 10/30/31 (a) | 164000 | &nbsp;&nbsp;&nbsp; 181137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.964%, SOFR + 3.370%, 11/02/34 (a) | 336000 | &nbsp;&nbsp;&nbsp; 385341 |
| Charles Schwab Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.650%, 03/11/31 | 100000 | &nbsp;&nbsp;&nbsp; 87136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.343%, SOFR + 0.940%, 11/14/31 (a) | 13000 | &nbsp;&nbsp;&nbsp; 12855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.853%, SOFR + 2.500%, 05/19/34 (a) | 100000 | &nbsp;&nbsp;&nbsp; 105027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.136%, SOFR + 2.010%, 08/24/34 (a) | 100000 | &nbsp;&nbsp;&nbsp; 106439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.196%, SOFR + 1.878%, 11/17/29 (a) | 310000 | &nbsp;&nbsp;&nbsp; 323994 |
| CME Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 06/15/28 | 100000 | &nbsp;&nbsp;&nbsp; 99253 |
| Focus Financial Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 09/15/31 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 99315 |
| GS Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 01/15/31 (a) | 6190000 | &nbsp;&nbsp;&nbsp; 5940797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.110%, 02/17/31 (a) | 1669000 | &nbsp;&nbsp;&nbsp; 1621098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.350%, 02/17/31 (a) | 3466000 | &nbsp;&nbsp;&nbsp; 3373274 |
| Intercontinental Exchange, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.650%, 09/15/40 | 35000 | &nbsp;&nbsp;&nbsp; 25602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/15/60 | 149000 | &nbsp;&nbsp;&nbsp; 85537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 09/01/28 | 150000 | &nbsp;&nbsp;&nbsp; 147689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 12/01/28 | 179000 | &nbsp;&nbsp;&nbsp; 177427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 06/15/29 | 241000 | &nbsp;&nbsp;&nbsp; 240472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 03/15/33 (i) | 200000 | &nbsp;&nbsp;&nbsp; 197549 |
| Jane Street Group/JSG Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 11/01/32 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 98889 |
| Jefferies Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 04/14/34 | 105000 | &nbsp;&nbsp;&nbsp; 107080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 01/15/36 | 100000 | &nbsp;&nbsp;&nbsp; 101370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 01/20/43 | 100000 | &nbsp;&nbsp;&nbsp; 97139 |
| LPL Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 06/15/35 | 115000 | &nbsp;&nbsp;&nbsp; 114545 |
| Mastercard, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 06/01/29 | 100000 | &nbsp;&nbsp;&nbsp; 96380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 11/21/46 | 136000 | &nbsp;&nbsp;&nbsp; 105268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 05/09/34 | 117000 | &nbsp;&nbsp;&nbsp; 117667 |
| Nasdaq, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 03/07/52 | 147000 | &nbsp;&nbsp;&nbsp; 108222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 02/15/34 (i) | 111000 | &nbsp;&nbsp;&nbsp; 114184 |
| Nomura Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.608%, 07/14/31 | 200000 | &nbsp;&nbsp;&nbsp; 178369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.043%, 5Y H15 + 1.300%, 06/10/36 (a) | 200000 | &nbsp;&nbsp;&nbsp; 194011 |
| Osaic Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 08/01/32 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 100012 |
| Raymond James Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 04/01/51 | 100000 | &nbsp;&nbsp;&nbsp; 71384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 07/15/46 | 17000 | &nbsp;&nbsp;&nbsp; 15111 |
| Rocket Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 08/01/29 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 101126 |
| SURA Asset Management SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.350%, 05/13/32 | 341000 | &nbsp;&nbsp;&nbsp; 358122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.350%, 05/13/32 (144A) | 362000 | &nbsp;&nbsp;&nbsp; 380176 |
| Synchrony Financial |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 03/19/29 | 1498000 | &nbsp;&nbsp;&nbsp; 1501632 |

---

**BHFTII-19**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Diversified Financial Services—(Continued)** | **Diversified Financial Services—(Continued)** | **Diversified Financial Services—(Continued)** |
| TPG Operating Group II LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 05/15/31 | 100000 | &nbsp;&nbsp;&nbsp; $98078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 01/15/36 | 27000 | &nbsp;&nbsp;&nbsp; 26112 |
| UBS Americas, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 07/15/32 | 100000 | &nbsp;&nbsp;&nbsp; 111710 |
| United Wholesale Mortgage LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/15/29 (144A) | 5000 | &nbsp;&nbsp;&nbsp; 4680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 06/15/27 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 98421 |
| UWM Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/15/31 (144A) | 60000 | &nbsp;&nbsp;&nbsp; 54641 |
| Visa, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.700%, 04/15/40 | 196000 | &nbsp;&nbsp;&nbsp; 147932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 12/14/45 | 134000 | &nbsp;&nbsp;&nbsp; 113690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 02/12/36 | 124000 | &nbsp;&nbsp;&nbsp; 122657 |
| Voya Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/20/34 | 100000 | &nbsp;&nbsp;&nbsp; 97337 |
|  |  | &nbsp;&nbsp;&nbsp; 25261006 |
| **Electric — 2.6%** | **Electric — 2.6%** | **Electric — 2.6%** |
| AEP Texas, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 05/01/49 | 172000 | &nbsp;&nbsp;&nbsp; 129924 |
| AEP Transmission Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.150%, 09/15/49 | 993000 | &nbsp;&nbsp;&nbsp; 652922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 06/15/49 | 168000 | &nbsp;&nbsp;&nbsp; 123697 |
| AES Andes SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.300%, 03/15/29 | 200000 | &nbsp;&nbsp;&nbsp; 204508 |
| AES Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.950%, 5Y H15 + 2.890%, 07/15/55 (a) | 100000 | &nbsp;&nbsp;&nbsp; 93298 |
| Alabama Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/39 | 167000 | &nbsp;&nbsp;&nbsp; 176098 |
| Alliant Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 5Y H15 + 2.077%, 04/01/56 (a) | 420000 | &nbsp;&nbsp;&nbsp; 408347 |
| Ameren Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 03/15/35 | 100000 | &nbsp;&nbsp;&nbsp; 101087 |
| Ameren Illinois Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 03/15/46 | 166000 | &nbsp;&nbsp;&nbsp; 134002 |
| American Transmission Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 04/01/56 (144A) | 20000 | &nbsp;&nbsp;&nbsp; 19824 |
| Arizona Public Service Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 03/15/36 | 2910000 | &nbsp;&nbsp;&nbsp; 2861039 |
| Baltimore Gas & Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 06/15/50 | 48000 | &nbsp;&nbsp;&nbsp; 30165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 09/15/49 | 192000 | &nbsp;&nbsp;&nbsp; 126892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/15/46 | 323000 | &nbsp;&nbsp;&nbsp; 233156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 06/01/34 | 100000 | &nbsp;&nbsp;&nbsp; 102553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.350%, 10/01/36 | 100000 | &nbsp;&nbsp;&nbsp; 108781 |
| Berkshire Hathaway Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 04/01/36 | 100000 | &nbsp;&nbsp;&nbsp; 106712 |
| Black Hills Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 03/15/28 | 100000 | &nbsp;&nbsp;&nbsp; 102520 |
| CenterPoint Energy Houston Electric LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 10/01/28 | 100000 | &nbsp;&nbsp;&nbsp; 102206 |
| CenterPoint Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 5Y H15 + 2.586%, 05/15/55 (a) | 367000 | &nbsp;&nbsp;&nbsp; 371107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.850%, 5Y H15 + 2.946%, 02/15/55 (a) | 100000 | &nbsp;&nbsp;&nbsp; 104776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 5Y H15 + 3.254%, 02/15/55 (a) | 376000 | &nbsp;&nbsp;&nbsp; 386952 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Electric—(Continued)** | **Electric—(Continued)** | **Electric—(Continued)** |
| CMS Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 5Y H15 + 2.900%, 12/01/50 (a) | 137000 | &nbsp;&nbsp;&nbsp; $124980 |
| Commonwealth Edison Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 01/15/44 | 100000 | &nbsp;&nbsp;&nbsp; 87706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 06/01/54 | 127000 | &nbsp;&nbsp;&nbsp; 123766 |
| Connecticut Light & Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 06/01/45 | 100000 | &nbsp;&nbsp;&nbsp; 81158 |
| Consolidated Edison Co. of New York, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 11/15/59 | 100000 | &nbsp;&nbsp;&nbsp; 67854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 12/01/56 | 73000 | &nbsp;&nbsp;&nbsp; 56635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/15/58 | 178000 | &nbsp;&nbsp;&nbsp; 141832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/39 | 100000 | &nbsp;&nbsp;&nbsp; 100109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 06/15/40 | 132000 | &nbsp;&nbsp;&nbsp; 134108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.300%, 08/15/37 | 148000 | &nbsp;&nbsp;&nbsp; 160529 |
| Constellation Energy Generation LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 02/01/29 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 98790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 10/01/41 | 137000 | &nbsp;&nbsp;&nbsp; 137085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/01/53 | 100000 | &nbsp;&nbsp;&nbsp; 106127 |
| Consumers Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 09/01/52 | 100000 | &nbsp;&nbsp;&nbsp; 79023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 05/15/35 | 100000 | &nbsp;&nbsp;&nbsp; 100414 |
| Dominion Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 5Y H15 + 2.262%, 02/15/56 (a) | 112000 | &nbsp;&nbsp;&nbsp; 111286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 5Y H15 + 2.006%, 02/15/56 (a) | 256000 | &nbsp;&nbsp;&nbsp; 253748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 5Y H15 + 2.386%, 02/01/55 (a) | 251000 | &nbsp;&nbsp;&nbsp; 258322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 5Y H15 + 2.511%, 06/01/54 (a) | 619000 | &nbsp;&nbsp;&nbsp; 654710 |
| DTE Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 05/14/27 | 100000 | &nbsp;&nbsp;&nbsp; 100043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 03/01/36 | 130000 | &nbsp;&nbsp;&nbsp; 127563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 03/01/34 | 100000 | &nbsp;&nbsp;&nbsp; 102186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 03/01/56 | 36000 | &nbsp;&nbsp;&nbsp; 34807 |
| DTE Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 10/01/35 | 100000 | &nbsp;&nbsp;&nbsp; 98540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 04/01/30 | 100000 | &nbsp;&nbsp;&nbsp; 101987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 06/01/34 | 145000 | &nbsp;&nbsp;&nbsp; 151823 |
| Duke Energy Carolinas LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 12/01/47 | 1066000 | &nbsp;&nbsp;&nbsp; 790618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 03/15/48 | 344000 | &nbsp;&nbsp;&nbsp; 264197 |
| Duke Energy Ohio, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 04/01/33 | 328000 | &nbsp;&nbsp;&nbsp; 335152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 03/15/54 | 189000 | &nbsp;&nbsp;&nbsp; 180936 |
| Duke Energy Progress LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/15/50 | 1284000 | &nbsp;&nbsp;&nbsp; 736655 |
| Edison International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/15/30 | 100000 | &nbsp;&nbsp;&nbsp; 103601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.950%, 11/15/29 | 171000 | &nbsp;&nbsp;&nbsp; 180429 |
| Entergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 5Y H15 + 2.179%, 06/15/56 (a) | 279000 | &nbsp;&nbsp;&nbsp; 275284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 5Y H15 + 2.013%, 06/15/56 (a) | 138000 | &nbsp;&nbsp;&nbsp; 136197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 5Y H15 + 2.670%, 12/01/54 (a) | 528000 | &nbsp;&nbsp;&nbsp; 541030 |
| Entergy Louisiana LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 09/15/34 | 32000 | &nbsp;&nbsp;&nbsp; 32235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 03/15/54 | 129000 | &nbsp;&nbsp;&nbsp; 125291 |
| Entergy Texas, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/30/39 | 232000 | &nbsp;&nbsp;&nbsp; 212058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 04/15/35 | 100000 | &nbsp;&nbsp;&nbsp; 100906 |

---

**BHFTII-20**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Electric—(Continued)** | **Electric—(Continued)** | **Electric—(Continued)** |
| Evergy Kansas Central, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 03/13/28 | 100000 | &nbsp;&nbsp;&nbsp; $100461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/15/35 | 100000 | &nbsp;&nbsp;&nbsp; 100799 |
| Evergy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.650%, 5Y H15 + 2.558%, 06/01/55 (a) | 340000 | &nbsp;&nbsp;&nbsp; 342293 |
| Eversource Energy |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 5Y H15 + 2.521%, 08/15/56 (a) | 422000 | &nbsp;&nbsp;&nbsp; 416783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.350%, 5Y H15 + 2.325%, 08/15/56 (a) | 100000 | &nbsp;&nbsp;&nbsp; 98646 |
| Exelon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 5Y H15 + 1.975%, 03/15/55 (a) | 100000 | &nbsp;&nbsp;&nbsp; 101956 |
| FirstEnergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 03/01/50 | 1000000 | &nbsp;&nbsp;&nbsp; 665298 |
| FirstEnergy Transmission LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/15/33 | 2035000 | &nbsp;&nbsp;&nbsp; 2004318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/15/35 | 2536000 | &nbsp;&nbsp;&nbsp; 2497188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 07/15/44 (144A) | 765000 | &nbsp;&nbsp;&nbsp; 723998 |
| Florida Power & Light Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.150%, 10/01/49 | 309000 | &nbsp;&nbsp;&nbsp; 206830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 04/01/28 | 100000 | &nbsp;&nbsp;&nbsp; 101669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 06/15/29 | 230000 | &nbsp;&nbsp;&nbsp; 235947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 06/15/34 | 100000 | &nbsp;&nbsp;&nbsp; 102818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 04/01/34 | 204000 | &nbsp;&nbsp;&nbsp; 212904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.690%, 03/01/40 | 275000 | &nbsp;&nbsp;&nbsp; 283781 |
| Georgia Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 05/17/33 | 147000 | &nbsp;&nbsp;&nbsp; 148159 |
| Kentucky Utilities Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 11/01/40 | 100000 | &nbsp;&nbsp;&nbsp; 96457 |
| MidAmerican Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, 08/01/48 | 369000 | &nbsp;&nbsp;&nbsp; 270388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 05/01/46 | 108000 | &nbsp;&nbsp;&nbsp; 88419 |
| MVM Energetika Zrt |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/13/31 | 880000 | &nbsp;&nbsp;&nbsp; 907724 |
| National Rural Utilities Cooperative Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 5Y H15 + 3.533%, 09/15/53 (a) | 153000 | &nbsp;&nbsp;&nbsp; 158343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 03/01/32 | 100000 | &nbsp;&nbsp;&nbsp; 115697 |
| Nevada Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.400%, 05/01/30 | 100000 | &nbsp;&nbsp;&nbsp; 92192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 5Y H15 + 1.936%, 05/15/55 (a) | 239000 | &nbsp;&nbsp;&nbsp; 238907 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/15/52 | 100000 | &nbsp;&nbsp;&nbsp; 61788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.550%, 05/01/27 | 687000 | &nbsp;&nbsp;&nbsp; 681016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/15/34 | 100000 | &nbsp;&nbsp;&nbsp; 101238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 5Y H15 + 2.053%, 08/15/55 (a) | 253000 | &nbsp;&nbsp;&nbsp; 257744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 5Y H15 + 1.979%, 08/15/55 (a) | 100000 | &nbsp;&nbsp;&nbsp; 103192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 5Y H15 + 2.364%, 09/01/54 (a) | 205000 | &nbsp;&nbsp;&nbsp; 209375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 5Y H15 + 2.457%, 06/15/54 (a) | 201000 | &nbsp;&nbsp;&nbsp; 207941 |
| Northern States Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 03/01/50 | 82000 | &nbsp;&nbsp;&nbsp; 53037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 11/01/39 | 178000 | &nbsp;&nbsp;&nbsp; 177204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 06/01/36 | 118000 | &nbsp;&nbsp;&nbsp; 128253 |
| NRG Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/33 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 100026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 03/15/33 (144A) | 60000 | &nbsp;&nbsp;&nbsp; 64955 |
| NSTAR Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.950%, 08/15/31 | 187000 | &nbsp;&nbsp;&nbsp; 163516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 06/01/34 | 100000 | &nbsp;&nbsp;&nbsp; 102213 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Electric—(Continued)** | **Electric—(Continued)** | **Electric—(Continued)** |
| OGE Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 05/15/29 | 100000 | &nbsp;&nbsp;&nbsp; $102452 |
| Oglethorpe Power Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 11/01/39 | 100000 | &nbsp;&nbsp;&nbsp; 103104 |
| Ohio Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/49 | 464000 | &nbsp;&nbsp;&nbsp; 346433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 04/01/48 | 164000 | &nbsp;&nbsp;&nbsp; 126566 |
| Oncor Electric Delivery Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.700%, 11/15/51 | 100000 | &nbsp;&nbsp;&nbsp; 57976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 11/15/28 | 141000 | &nbsp;&nbsp;&nbsp; 138801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 09/30/47 | 100000 | &nbsp;&nbsp;&nbsp; 75176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 04/01/55 | 100000 | &nbsp;&nbsp;&nbsp; 98967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 01/15/33 | 100000 | &nbsp;&nbsp;&nbsp; 113511 |
| Pacific Gas & Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/15/28 | 100000 | &nbsp;&nbsp;&nbsp; 96749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 06/01/31 | 100000 | &nbsp;&nbsp;&nbsp; 92234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 08/01/40 | 1782000 | &nbsp;&nbsp;&nbsp; 1332691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/50 | 1183000 | &nbsp;&nbsp;&nbsp; 782190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 08/15/42 | 166000 | &nbsp;&nbsp;&nbsp; 124286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/46 | 749000 | &nbsp;&nbsp;&nbsp; 548196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/15/46 | 271000 | &nbsp;&nbsp;&nbsp; 205845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/40 | 913894 | &nbsp;&nbsp;&nbsp; 779863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/15/44 | 1256000 | &nbsp;&nbsp;&nbsp; 1046472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 07/01/50 | 3489000 | &nbsp;&nbsp;&nbsp; 2890205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 10/15/32 | 100000 | &nbsp;&nbsp;&nbsp; 99350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 05/01/36 | 50000 | &nbsp;&nbsp;&nbsp; 48731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/01/52 | 4457000 | &nbsp;&nbsp;&nbsp; 3792435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 10/01/54 | 750000 | &nbsp;&nbsp;&nbsp; 698886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/56 | 1344000 | &nbsp;&nbsp;&nbsp; 1275503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 01/15/29 | 100000 | &nbsp;&nbsp;&nbsp; 103478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 10/15/55 | 2889000 | &nbsp;&nbsp;&nbsp; 2774955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 01/15/33 | 153000 | &nbsp;&nbsp;&nbsp; 159977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 03/01/55 | 1090000 | &nbsp;&nbsp;&nbsp; 1053103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 01/15/53 | 855000 | &nbsp;&nbsp;&nbsp; 887136 |
| PacifiCorp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/15/29 | 365000 | &nbsp;&nbsp;&nbsp; 351308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 02/01/42 | 120000 | &nbsp;&nbsp;&nbsp; 93615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 02/15/50 | 100000 | &nbsp;&nbsp;&nbsp; 73028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 01/15/55 | 100000 | &nbsp;&nbsp;&nbsp; 91350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.350%, 07/15/38 | 405000 | &nbsp;&nbsp;&nbsp; 414590 |
| PECO Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.050%, 03/15/51 | 112000 | &nbsp;&nbsp;&nbsp; 72522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 09/15/47 | 100000 | &nbsp;&nbsp;&nbsp; 74713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 09/15/35 | 100000 | &nbsp;&nbsp;&nbsp; 99088 |
| PG&E Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 07/01/30 (i) | 2601000 | &nbsp;&nbsp;&nbsp; 2566646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 5Y H15 + 3.883%, 03/15/55 (a) | 1255000 | &nbsp;&nbsp;&nbsp; 1263050 |
| Pinnacle West Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 05/15/30 | 1786000 | &nbsp;&nbsp;&nbsp; 1812262 |
| PPL Capital Funding, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 09/01/34 | 100000 | &nbsp;&nbsp;&nbsp; 100708 |
| PPL Electric Utilities Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 06/15/44 | 119000 | &nbsp;&nbsp;&nbsp; 97844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 02/15/34 | 100000 | &nbsp;&nbsp;&nbsp; 99650 |
| Public Service Co. of Colorado |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 06/15/31 | 27000 | &nbsp;&nbsp;&nbsp; 23545 |

---

**BHFTII-21**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Electric—(Continued)** | **Electric—(Continued)** | **Electric—(Continued)** |
| Public Service Co. of Colorado |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 03/01/50 | 128000 | &nbsp;&nbsp;&nbsp; $84834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 09/15/42 | 100000 | &nbsp;&nbsp;&nbsp; 77130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 06/15/36 | 45000 | &nbsp;&nbsp;&nbsp; 44356 |
| Public Service Electric & Gas Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 05/01/42 | 54000 | &nbsp;&nbsp;&nbsp; 44563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 08/01/53 | 108000 | &nbsp;&nbsp;&nbsp; 103710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 05/01/37 | 122000 | &nbsp;&nbsp;&nbsp; 128355 |
| Public Service Enterprise Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 10/15/28 | 302000 | &nbsp;&nbsp;&nbsp; 311647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 10/15/33 | 180000 | &nbsp;&nbsp;&nbsp; 190647 |
| Puget Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.379%, 06/15/28 | 100000 | &nbsp;&nbsp;&nbsp; 95311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 06/15/30 | 100000 | &nbsp;&nbsp;&nbsp; 96911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.224%, 03/15/32 | 100000 | &nbsp;&nbsp;&nbsp; 95389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.725%, 03/15/35 | 115000 | &nbsp;&nbsp;&nbsp; 115837 |
| San Diego Gas & Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 08/15/28 | 170000 | &nbsp;&nbsp;&nbsp; 172692 |
| Sempra |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 02/01/28 | 309000 | &nbsp;&nbsp;&nbsp; 303208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/15/36 | 70000 | &nbsp;&nbsp;&nbsp; 69013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.550%, 5Y H15 + 2.138%, 04/01/55 (a) | 202000 | &nbsp;&nbsp;&nbsp; 201097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 5Y H15 + 2.354%, 04/01/55 (a) | 646000 | &nbsp;&nbsp;&nbsp; 645979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 5Y H15 + 2.789%, 10/01/54 (a) | 589000 | &nbsp;&nbsp;&nbsp; 595342 |
| Sierra Pacific Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 5Y H15 + 2.549%, 12/15/55 (a) | 300000 | &nbsp;&nbsp;&nbsp; 291787 |
| Southern California Edison Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, 03/15/42 | 100000 | &nbsp;&nbsp;&nbsp; 78074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 03/01/29 | 356000 | &nbsp;&nbsp;&nbsp; 351976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 10/01/43 | 181000 | &nbsp;&nbsp;&nbsp; 151367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 06/01/31 | 100000 | &nbsp;&nbsp;&nbsp; 102294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 03/01/53 | 253000 | &nbsp;&nbsp;&nbsp; 232264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 02/01/38 | 100000 | &nbsp;&nbsp;&nbsp; 101386 |
| Southern Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 10/15/32 | 1282000 | &nbsp;&nbsp;&nbsp; 1340233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 5Y H15 + 2.069%, 03/15/55 (a) (i) | 137000 | &nbsp;&nbsp;&nbsp; 140911 |
| Southwestern Electric Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 04/01/33 | 90000 | &nbsp;&nbsp;&nbsp; 91262 |
| Southwestern Public Service Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/15/41 | 160000 | &nbsp;&nbsp;&nbsp; 139723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 05/15/35 | 166000 | &nbsp;&nbsp;&nbsp; 166512 |
| System Energy Resources, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/15/28 | 106000 | &nbsp;&nbsp;&nbsp; 108875 |
| Tampa Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 03/01/29 | 100000 | &nbsp;&nbsp;&nbsp; 101313 |
| Union Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 09/15/42 | 155000 | &nbsp;&nbsp;&nbsp; 125320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 03/15/36 | 49000 | &nbsp;&nbsp;&nbsp; 47827 |
| Virginia Electric & Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.450%, 12/15/50 | 239000 | &nbsp;&nbsp;&nbsp; 133219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 04/01/28 | 168000 | &nbsp;&nbsp;&nbsp; 166341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 09/15/47 | 226000 | &nbsp;&nbsp;&nbsp; 168451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.350%, 11/30/37 | 102000 | &nbsp;&nbsp;&nbsp; 109810 |
| Vistra Operations Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/15/34 (144A) | 922000 | &nbsp;&nbsp;&nbsp; 947786 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Electric—(Continued)** | **Electric—(Continued)** | **Electric—(Continued)** |
| VoltaGrid LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 11/01/30 (144A) † | 221000 | &nbsp;&nbsp;&nbsp; $228251 |
| WEC Energy Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 5Y H15 + 1.905%, 05/15/56 (a) | 124000 | &nbsp;&nbsp;&nbsp; 121499 |
| Wisconsin Electric Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 03/15/56 | 68000 | &nbsp;&nbsp;&nbsp; 66637 |
| Xcel Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 06/01/32 | 100000 | &nbsp;&nbsp;&nbsp; 98232 |
| XPLR Infrastructure Operating Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 01/15/31 (144A) (i) | 100000 | &nbsp;&nbsp;&nbsp; 105270 |
|  |  | &nbsp;&nbsp;&nbsp; 63295590 |
| **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** |
| Emerson Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/21/28 | 209000 | &nbsp;&nbsp;&nbsp; 197826 |
| **Electronics — 0.1%** | **Electronics — 0.1%** | **Electronics — 0.1%** |
| Amphenol Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 11/15/27 (i) | 341000 | &nbsp;&nbsp;&nbsp; 338951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 02/15/36 | 100000 | &nbsp;&nbsp;&nbsp; 96703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 04/05/34 | 160000 | &nbsp;&nbsp;&nbsp; 163489 |
| Flex Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/15/28 | 100000 | &nbsp;&nbsp;&nbsp; 102043 |
| Honeywell International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/15/34 | 297000 | &nbsp;&nbsp;&nbsp; 292186 |
| Imola Merger Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 05/15/29 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 97193 |
| Jabil, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 05/15/27 | 274000 | &nbsp;&nbsp;&nbsp; 273296 |
| Sensata Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 02/15/31 (144A) (i) | 100000 | &nbsp;&nbsp;&nbsp; 92752 |
|  |  | &nbsp;&nbsp;&nbsp; 1456613 |
| **Energy-Alternate Sources — 0.1%** | **Energy-Alternate Sources — 0.1%** | **Energy-Alternate Sources — 0.1%** |
| Continuum Energy Pte. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.850%, 7.850% PIK, 05/11/27 † (f) (g) (h) | 1534944 | &nbsp;&nbsp;&nbsp; 1529265 |
| Greenko Wind Projects Mauritius Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 09/27/28 | 197000 | &nbsp;&nbsp;&nbsp; 195542 |
| SCC Power PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 4.000% PIK, 05/17/32 (144A) (h) | 174358 | &nbsp;&nbsp;&nbsp; 41846 |
|  |  | &nbsp;&nbsp;&nbsp; 1766653 |
| **Engineering & Construction — 0.0%** | **Engineering & Construction — 0.0%** | **Engineering & Construction — 0.0%** |
| IHS Holding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 11/29/31 | 200000 | &nbsp;&nbsp;&nbsp; 205110 |
| TAV Havalimanlari Holding AS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 12/07/28 | 700000 | &nbsp;&nbsp;&nbsp; 713183 |
| Weekley Homes LLC/Weekley Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 09/15/28 (144A) | 177000 | &nbsp;&nbsp;&nbsp; 171394 |
|  |  | &nbsp;&nbsp;&nbsp; 1089687 |
| **Entertainment — 0.9%** | **Entertainment — 0.9%** | **Entertainment — 0.9%** |
| Bracelet Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 07/02/28 (144A) | 795000 | &nbsp;&nbsp;&nbsp; 772438 |
| Discovery Global Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.755%, 03/15/27 | 15421000 | &nbsp;&nbsp;&nbsp; 15231939 |

---

**BHFTII-22**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Entertainment—(Continued)** | **Entertainment—(Continued)** | **Entertainment—(Continued)** |
| HR Ottawa LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.000%, 03/31/31 (144A) | 3677700 | &nbsp;&nbsp;&nbsp; $3617755 |
| &nbsp;&nbsp;&nbsp;&nbsp; Midwest Gaming Borrower LLC/Midwest Gaming Finance <br> Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 05/01/29 (144A) | 232000 | &nbsp;&nbsp;&nbsp; 224998 |
| Pioneer MidCo. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.625%, 11/18/30 † (f) (g) (h) | 1452844 | &nbsp;&nbsp;&nbsp; 1451101 |
| Resorts World Las Vegas LLC/RWLV Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 04/16/29 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 171885 |
| &nbsp;&nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp./Canada's Wonderland <br> Co./Millennium Operations LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 01/15/32 (144A) | 52000 | &nbsp;&nbsp;&nbsp; 52084 |
| Voyager Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 07/01/32 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 103821 |
|  |  | &nbsp;&nbsp;&nbsp; 21626021 |
| **Environmental Control — 0.0%** | **Environmental Control — 0.0%** | **Environmental Control — 0.0%** |
| Republic Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 04/01/29 | 100000 | &nbsp;&nbsp;&nbsp; 101497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/15/29 | 124000 | &nbsp;&nbsp;&nbsp; 126679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/34 | 234000 | &nbsp;&nbsp;&nbsp; 236384 |
| Reworld Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 12/01/29 (144A) | 101000 | &nbsp;&nbsp;&nbsp; 94683 |
| Waste Connections, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/34 | 100000 | &nbsp;&nbsp;&nbsp; 100649 |
| Waste Management, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 03/15/31 | 100000 | &nbsp;&nbsp;&nbsp; 86889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 06/01/29 | 331000 | &nbsp;&nbsp;&nbsp; 308899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 02/15/30 | 128000 | &nbsp;&nbsp;&nbsp; 129156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 03/15/32 | 102000 | &nbsp;&nbsp;&nbsp; 103697 |
|  |  | &nbsp;&nbsp;&nbsp; 1288533 |
| **Food — 0.2%** | **Food — 0.2%** | **Food — 0.2%** |
| Campbell's Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 03/21/31 (i) | 100000 | &nbsp;&nbsp;&nbsp; 96948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 03/15/48 (i) | 100000 | &nbsp;&nbsp;&nbsp; 78989 |
| Chobani LLC/Chobani Finance Corp., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 07/01/29 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 102186 |
| Conagra Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 11/01/28 | 157000 | &nbsp;&nbsp;&nbsp; 157156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 11/01/48 | 100000 | &nbsp;&nbsp;&nbsp; 84983 |
| Flowers Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 03/15/55 | 100000 | &nbsp;&nbsp;&nbsp; 81116 |
| General Mills, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 01/30/30 | 100000 | &nbsp;&nbsp;&nbsp; 100664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 01/30/35 (i) | 100000 | &nbsp;&nbsp;&nbsp; 98848 |
| J.M. Smucker Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.125%, 03/15/32 | 126000 | &nbsp;&nbsp;&nbsp; 108166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 12/15/27 | 323000 | &nbsp;&nbsp;&nbsp; 317492 |
| &nbsp;&nbsp;&nbsp;&nbsp; KeHE Distributors LLC/KeHE Finance Corp./NextWave <br> Distribution, Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 02/15/29 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 104105 |
| Kraft Heinz Foods Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 05/15/27 | 262000 | &nbsp;&nbsp;&nbsp; 260229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 06/01/46 | 66000 | &nbsp;&nbsp;&nbsp; 51601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 07/15/45 | 238000 | &nbsp;&nbsp;&nbsp; 207726 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Food—(Continued)** | **Food—(Continued)** | **Food—(Continued)** |
| Kraft Heinz Foods Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/50 | 100000 | &nbsp;&nbsp;&nbsp; $89366 |
| Kroger Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 07/15/40 | 319000 | &nbsp;&nbsp;&nbsp; 311483 |
| McCormick & Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 02/15/29 | 165000 | &nbsp;&nbsp;&nbsp; 163399 |
| Mondelez International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 04/13/30 | 187000 | &nbsp;&nbsp;&nbsp; 174218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 05/07/28 | 100000 | &nbsp;&nbsp;&nbsp; 99484 |
| Pilgrim's Pride Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 05/15/34 | 111000 | &nbsp;&nbsp;&nbsp; 119831 |
| Post Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/01/33 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 98514 |
| Sysco Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/46 | 100000 | &nbsp;&nbsp;&nbsp; 80848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 04/01/30 | 100000 | &nbsp;&nbsp;&nbsp; 103861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/17/34 | 102000 | &nbsp;&nbsp;&nbsp; 106489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.600%, 04/01/50 | 100000 | &nbsp;&nbsp;&nbsp; 103329 |
| Tyson Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.550%, 06/02/27 | 752000 | &nbsp;&nbsp;&nbsp; 744974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 03/15/34 | 100000 | &nbsp;&nbsp;&nbsp; 103521 |
|  |  | &nbsp;&nbsp;&nbsp; 4149526 |
| **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** |
| International Paper Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.300%, 11/15/39 | 129000 | &nbsp;&nbsp;&nbsp; 143570 |
| **Gas — 0.1%** | **Gas — 0.1%** | **Gas — 0.1%** |
| Aethon III BR LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.850%, SOFR + 6.150%, 01/10/27 (144A) † (a) (f) <br> (g)<br>| 451536 | &nbsp;&nbsp;&nbsp; 451536 |
| Atmos Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 01/15/43 | 100000 | &nbsp;&nbsp;&nbsp; 83919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 10/15/52 | 100000 | &nbsp;&nbsp;&nbsp; 99358 |
| New Generation Gas Gathering LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.700%, SOFR + 5.250%, 09/30/29 † (a) (f) (g) | 1425541 | &nbsp;&nbsp;&nbsp; 1434522 |
| NiSource, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 02/15/44 | 108000 | &nbsp;&nbsp;&nbsp; 94569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 5Y H15 + 2.035%, 07/15/56 (a) | 225000 | &nbsp;&nbsp;&nbsp; 221577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 5Y H15 + 2.527%, 03/31/55 (a) | 100000 | &nbsp;&nbsp;&nbsp; 102185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.950%, 5Y H15 + 2.451%, 11/30/54 (a) | 366000 | &nbsp;&nbsp;&nbsp; 376357 |
| Southern California Gas Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 06/01/48 | 130000 | &nbsp;&nbsp;&nbsp; 100424 |
| Southern Co. Gas Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 06/01/43 | 118000 | &nbsp;&nbsp;&nbsp; 98907 |
| Spire, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.450%, 5Y H15 + 2.327%, 06/01/56 (a) | 99000 | &nbsp;&nbsp;&nbsp; 98742 |
| Venture Global Plaquemines LNG LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/15/34 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 104095 |
|  |  | &nbsp;&nbsp;&nbsp; 3266191 |
| **Hand/Machine Tools — 0.0%** | **Hand/Machine Tools — 0.0%** | **Hand/Machine Tools — 0.0%** |
| Stanley Black & Decker, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 11/15/28 | 100000 | &nbsp;&nbsp;&nbsp; 99840 |

---

**BHFTII-23**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Healthcare-Products — 0.1%** | **Healthcare-Products — 0.1%** | **Healthcare-Products — 0.1%** |
| Abbott Laboratories |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/15/31 | 431000 | &nbsp;&nbsp;&nbsp; $424172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 03/15/33 | 315000 | &nbsp;&nbsp;&nbsp; 308277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 03/15/38 | 235000 | &nbsp;&nbsp;&nbsp; 227881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/15/56 | 100000 | &nbsp;&nbsp;&nbsp; 98053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 03/15/66 | 100000 | &nbsp;&nbsp;&nbsp; 97475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/39 | 100000 | &nbsp;&nbsp;&nbsp; 107882 |
| Augusta SpinCo Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.245%, 03/23/36 | 36000 | &nbsp;&nbsp;&nbsp; 36009 |
| Baxter International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.730%, 04/01/31 | 100000 | &nbsp;&nbsp;&nbsp; 83665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.539%, 02/01/32 | 117000 | &nbsp;&nbsp;&nbsp; 98615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/15/46 | 100000 | &nbsp;&nbsp;&nbsp; 65674 |
| Boston Scientific Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.650%, 06/01/30 | 149000 | &nbsp;&nbsp;&nbsp; 138827 |
| Dentsply Sirona, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 5Y H15 + 4.379%, 09/12/55 (a) (i) | 100000 | &nbsp;&nbsp;&nbsp; 97653 |
| DH Europe Finance II SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 11/15/39 | 112000 | &nbsp;&nbsp;&nbsp; 89917 |
| GE HealthCare Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 01/15/31 | 100000 | &nbsp;&nbsp;&nbsp; 100616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/15/35 | 100000 | &nbsp;&nbsp;&nbsp; 102044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.857%, 03/15/30 | 103000 | &nbsp;&nbsp;&nbsp; 107485 |
| Hologic, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 02/15/29 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 99826 |
| Medtronic Global Holdings SCA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/30/28 | 100000 | &nbsp;&nbsp;&nbsp; 100200 |
| Medtronic, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 03/15/35 | 122000 | &nbsp;&nbsp;&nbsp; 117916 |
| Solventum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 03/01/29 | 100000 | &nbsp;&nbsp;&nbsp; 102298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 03/13/31 | 100000 | &nbsp;&nbsp;&nbsp; 102597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 03/23/34 | 100000 | &nbsp;&nbsp;&nbsp; 102231 |
| Stryker Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 09/11/34 | 100000 | &nbsp;&nbsp;&nbsp; 97616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/15/46 | 100000 | &nbsp;&nbsp;&nbsp; 86616 |
| Teleflex, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 11/15/27 | 100000 | &nbsp;&nbsp;&nbsp; 99122 |
| Thermo Fisher Scientific, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 06/15/33 | 290000 | &nbsp;&nbsp;&nbsp; 286531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.902%, 02/12/36 (i) | 66000 | &nbsp;&nbsp;&nbsp; 65531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.546%, 02/12/46 | 143000 | &nbsp;&nbsp;&nbsp; 141221 |
| Zimmer Biomet Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 02/19/30 | 150000 | &nbsp;&nbsp;&nbsp; 152377 |
|  |  | &nbsp;&nbsp;&nbsp; 3738327 |
| **Healthcare-Services — 0.4%** | **Healthcare-Services — 0.4%** | **Healthcare-Services — 0.4%** |
| Centene Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/31 | 487000 | &nbsp;&nbsp;&nbsp; 408668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 12/15/27 | 271000 | &nbsp;&nbsp;&nbsp; 266207 |
| CHS/Community Health Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.875%, 01/15/32 (144A) | 40000 | &nbsp;&nbsp;&nbsp; 42914 |
| Cigna Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 03/15/50 | 358000 | &nbsp;&nbsp;&nbsp; 244891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 07/15/46 | 191000 | &nbsp;&nbsp;&nbsp; 164833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 05/15/31 | 179000 | &nbsp;&nbsp;&nbsp; 182686 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Healthcare-Services—(Continued)** | **Healthcare-Services—(Continued)** | **Healthcare-Services—(Continued)** |
| Cigna Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 01/15/36 | 124000 | &nbsp;&nbsp;&nbsp; $124160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 03/15/33 | 100000 | &nbsp;&nbsp;&nbsp; 102806 |
| Elevance Health, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 05/15/30 | 100000 | &nbsp;&nbsp;&nbsp; 91111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.550%, 03/15/31 | 118000 | &nbsp;&nbsp;&nbsp; 106483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 12/01/47 | 72000 | &nbsp;&nbsp;&nbsp; 57915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 01/15/43 | 100000 | &nbsp;&nbsp;&nbsp; 86547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 06/15/34 | 110000 | &nbsp;&nbsp;&nbsp; 111442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 06/15/54 | 276000 | &nbsp;&nbsp;&nbsp; 260008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 01/15/36 | 122000 | &nbsp;&nbsp;&nbsp; 126163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 12/15/34 | 136000 | &nbsp;&nbsp;&nbsp; 142178 |
| HCA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 07/15/31 | 28000 | &nbsp;&nbsp;&nbsp; 24745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 11/15/30 | 181000 | &nbsp;&nbsp;&nbsp; 178010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 11/15/32 | 659000 | &nbsp;&nbsp;&nbsp; 640998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/01/30 | 100000 | &nbsp;&nbsp;&nbsp; 102048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 04/01/31 | 2227000 | &nbsp;&nbsp;&nbsp; 2282670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 09/15/34 | 824000 | &nbsp;&nbsp;&nbsp; 831712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/15/47 | 219000 | &nbsp;&nbsp;&nbsp; 200681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 03/01/35 | 75000 | &nbsp;&nbsp;&nbsp; 77111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 02/01/29 | 37000 | &nbsp;&nbsp;&nbsp; 38080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/54 | 439000 | &nbsp;&nbsp;&nbsp; 423724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 04/01/64 | 304000 | &nbsp;&nbsp;&nbsp; 293477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 03/01/55 | 812000 | &nbsp;&nbsp;&nbsp; 804322 |
| Laboratory Corp. of America Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 04/01/30 | 187000 | &nbsp;&nbsp;&nbsp; 185350 |
| Molina Healthcare, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 06/15/28 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 96696 |
| Quest Diagnostics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 06/30/30 | 160000 | &nbsp;&nbsp;&nbsp; 149898 |
| Select Medical Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 12/01/32 (144A) (i) | 121000 | &nbsp;&nbsp;&nbsp; 115325 |
| Tenet Healthcare Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 06/15/28 | 100000 | &nbsp;&nbsp;&nbsp; 99105 |
|  |  | &nbsp;&nbsp;&nbsp; 9062964 |
| **Home Builders — 0.2%** | **Home Builders — 0.2%** | **Home Builders — 0.2%** |
| Ashton Woods USA LLC/Ashton Woods Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 08/01/29 (144A) | 77000 | &nbsp;&nbsp;&nbsp; 72743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 04/01/30 (144A) | 190000 | &nbsp;&nbsp;&nbsp; 176345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 08/01/33 (144A) | 96000 | &nbsp;&nbsp;&nbsp; 92615 |
| Beazer Homes USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 10/15/29 | 772000 | &nbsp;&nbsp;&nbsp; 771228 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brookfield Residential Properties, Inc./Brookfield <br> Residential U.S. LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 02/15/30 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 91813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/15/29 (144A) | 135000 | &nbsp;&nbsp;&nbsp; 128087 |
| Century Communities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 08/15/29 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 93845 |
| Forestar Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/28 (144A) | 287000 | &nbsp;&nbsp;&nbsp; 283919 |
| Homes by WestBay, LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.000%, 02/06/30 † (f) (g) | 3134000 | &nbsp;&nbsp;&nbsp; 3094825 |
| LGI Homes, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 11/15/32 (144A) (i) | 253000 | &nbsp;&nbsp;&nbsp; 234589 |

---

**BHFTII-24**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Home Builders—(Continued)** | **Home Builders—(Continued)** | **Home Builders—(Continued)** |
| LGI Homes, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 12/15/28 (144A) (i) | 232000 | &nbsp;&nbsp;&nbsp; $237367 |
| Mattamy Group Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/01/30 (144A) (i) | 337000 | &nbsp;&nbsp;&nbsp; 320403 |
| PulteGroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/01/31 | 195000 | &nbsp;&nbsp;&nbsp; 190574 |
| STL Holding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 02/15/29 (144A) | 178000 | &nbsp;&nbsp;&nbsp; 183898 |
| Taylor Morrison Communities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 08/01/30 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 98856 |
|  |  | &nbsp;&nbsp;&nbsp; 6071107 |
| **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** |
| Leggett & Platt, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 03/15/29 | 111000 | &nbsp;&nbsp;&nbsp; 108367 |
| Somnigroup International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/15/29 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 96165 |
|  |  | &nbsp;&nbsp;&nbsp; 204532 |
| **Housewares — 0.0%** | **Housewares — 0.0%** | **Housewares — 0.0%** |
| Newell Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 05/15/32 (i) | 100000 | &nbsp;&nbsp;&nbsp; 95698 |
| **Insurance — 0.3%** | **Insurance — 0.3%** | **Insurance — 0.3%** |
| Acrisure LLC/Acrisure Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/15/29 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 94384 |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 10/01/32 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 99045 |
| Allstate Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 12/15/46 | 105000 | &nbsp;&nbsp;&nbsp; 83267 |
| Ambac Assurance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100% (144A) (k) | 162922 | &nbsp;&nbsp;&nbsp; 214242 |
| American International Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/16/44 | 100000 | &nbsp;&nbsp;&nbsp; 85496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 05/07/30 | 100000 | &nbsp;&nbsp;&nbsp; 101005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 05/07/35 | 100000 | &nbsp;&nbsp;&nbsp; 101998 |
| American National Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/15/35 | 100000 | &nbsp;&nbsp;&nbsp; 97489 |
| Aon Corp./Aon Global Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.850%, 05/28/27 | 371000 | &nbsp;&nbsp;&nbsp; 364623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 02/28/52 | 100000 | &nbsp;&nbsp;&nbsp; 72920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/12/32 | 16000 | &nbsp;&nbsp;&nbsp; 16094 |
| Aon Global Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 06/14/44 | 72000 | &nbsp;&nbsp;&nbsp; 61008 |
| Aon North America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 03/01/31 | 127000 | &nbsp;&nbsp;&nbsp; 129580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 03/01/34 (i) | 100000 | &nbsp;&nbsp;&nbsp; 102123 |
| Arch Capital Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.350%, 05/01/34 | 100000 | &nbsp;&nbsp;&nbsp; 113222 |
| Arthur J Gallagher & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/32 | 212000 | &nbsp;&nbsp;&nbsp; 212505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 07/15/34 | 107000 | &nbsp;&nbsp;&nbsp; 108688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 02/15/54 | 103000 | &nbsp;&nbsp;&nbsp; 111223 |
| Athene Holding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 05/19/55 | 100000 | &nbsp;&nbsp;&nbsp; 96334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 5Y H15 + 2.607%, 10/15/54 (a) | 310000 | &nbsp;&nbsp;&nbsp; 286324 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Insurance—(Continued)** | **Insurance—(Continued)** | **Insurance—(Continued)** |
| AXIS Specialty Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 5Y H15 + 3.186%, 01/15/40 (a) | 188000 | &nbsp;&nbsp;&nbsp; $180332 |
| Berkshire Hathaway Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.850%, 10/15/50 | 200000 | &nbsp;&nbsp;&nbsp; 125543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 08/15/48 | 142000 | &nbsp;&nbsp;&nbsp; 115740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 01/15/40 | 100000 | &nbsp;&nbsp;&nbsp; 106623 |
| Brown & Brown, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 03/15/31 | 100000 | &nbsp;&nbsp;&nbsp; 87991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 03/17/32 | 108000 | &nbsp;&nbsp;&nbsp; 101943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 06/11/34 | 115000 | &nbsp;&nbsp;&nbsp; 115977 |
| Chubb INA Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 03/13/43 | 114000 | &nbsp;&nbsp;&nbsp; 95926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/11/37 | 170000 | &nbsp;&nbsp;&nbsp; 181375 |
| Corebridge Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.050%, 09/15/33 | 104000 | &nbsp;&nbsp;&nbsp; 108716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 5Y H15 + 2.646%, 09/15/54 (a) | 139000 | &nbsp;&nbsp;&nbsp; 136614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 5Y H15 + 3.846%, 12/15/52 (a) | 100000 | &nbsp;&nbsp;&nbsp; 100757 |
| Equitable Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.594%, 01/11/33 | 148000 | &nbsp;&nbsp;&nbsp; 150958 |
| Everest Reinsurance Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/15/50 | 100000 | &nbsp;&nbsp;&nbsp; 66341 |
| F&G Annuities & Life, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/04/34 | 62000 | &nbsp;&nbsp;&nbsp; 58845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.400%, 01/13/28 | 209000 | &nbsp;&nbsp;&nbsp; 212722 |
| Fairfax Financial Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 03/03/31 | 151000 | &nbsp;&nbsp;&nbsp; 140596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 04/17/28 | 100000 | &nbsp;&nbsp;&nbsp; 100376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/16/32 | 100000 | &nbsp;&nbsp;&nbsp; 102587 |
| Hartford Insurance Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.800%, 08/19/29 | 149000 | &nbsp;&nbsp;&nbsp; 141091 |
| &nbsp;&nbsp;&nbsp;&nbsp; Howden U.K. Refinance PLC/Howden U.K. Refinance <br> 2 PLC/Howden U.S. Refinance LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 02/15/31 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 201684 |
| Lincoln National Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.050%, 01/15/30 | 100000 | &nbsp;&nbsp;&nbsp; 94090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.852%, 03/15/34 | 101000 | &nbsp;&nbsp;&nbsp; 102785 |
| Loews Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.940%, 04/01/36 | 29000 | &nbsp;&nbsp;&nbsp; 28380 |
| Manulife Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.986%, 12/11/35 | 100000 | &nbsp;&nbsp;&nbsp; 97694 |
| Markel Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.350%, 09/17/29 | 199000 | &nbsp;&nbsp;&nbsp; 190652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/27 | 234000 | &nbsp;&nbsp;&nbsp; 230246 |
| Marsh & McLennan Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 03/15/49 | 126000 | &nbsp;&nbsp;&nbsp; 111172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 03/15/36 | 97000 | &nbsp;&nbsp;&nbsp; 96083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 03/15/34 | 156000 | &nbsp;&nbsp;&nbsp; 157853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 11/15/44 | 100000 | &nbsp;&nbsp;&nbsp; 94676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 09/15/33 | 58000 | &nbsp;&nbsp;&nbsp; 59812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 09/15/53 | 37000 | &nbsp;&nbsp;&nbsp; 36248 |
| Principal Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 09/15/42 | 145000 | &nbsp;&nbsp;&nbsp; 126165 |
| Progressive Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 01/26/45 | 258000 | &nbsp;&nbsp;&nbsp; 196425 |
| Prudential Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.905%, 12/07/47 | 571000 | &nbsp;&nbsp;&nbsp; 430195 |

---

**BHFTII-25**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Insurance—(Continued)** | **Insurance—(Continued)** | **Insurance—(Continued)** |
| Prudential Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/15/47 | 100000 | &nbsp;&nbsp;&nbsp; $97541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 12/01/37 | 100000 | &nbsp;&nbsp;&nbsp; 110212 |
| Travelers Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 07/24/35 (i) | 100000 | &nbsp;&nbsp;&nbsp; 100160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 11/01/40 | 174000 | &nbsp;&nbsp;&nbsp; 172167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 05/25/53 | 29000 | &nbsp;&nbsp;&nbsp; 27736 |
| Unum Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/15/35 | 100000 | &nbsp;&nbsp;&nbsp; 97805 |
| Willis North America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 06/15/27 (i) | 293000 | &nbsp;&nbsp;&nbsp; 293483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 05/15/33 | 110000 | &nbsp;&nbsp;&nbsp; 111151 |
|  |  | &nbsp;&nbsp;&nbsp; 8247038 |
| **Internet — 1.4%** | **Internet — 1.4%** | **Internet — 1.4%** |
| Alphabet, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 02/15/29 | 587000 | &nbsp;&nbsp;&nbsp; 581955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/15/30 | 208000 | &nbsp;&nbsp;&nbsp; 206449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 11/15/30 (i) | 2840000 | &nbsp;&nbsp;&nbsp; 2820641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 02/15/31 (i) | 47000 | &nbsp;&nbsp;&nbsp; 46673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 02/15/33 | 331000 | &nbsp;&nbsp;&nbsp; 326877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 02/15/36 | 314000 | &nbsp;&nbsp;&nbsp; 312655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 05/15/65 | 100000 | &nbsp;&nbsp;&nbsp; 92563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 11/15/55 | 250000 | &nbsp;&nbsp;&nbsp; 242050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/15/46 | 153000 | &nbsp;&nbsp;&nbsp; 151771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 02/15/56 (i) | 1650000 | &nbsp;&nbsp;&nbsp; 1644693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 11/15/75 | 3214000 | &nbsp;&nbsp;&nbsp; 3114902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 02/15/66 | 100000 | &nbsp;&nbsp;&nbsp; 99034 |
| Amazon.com, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 11/20/28 | 12000 | &nbsp;&nbsp;&nbsp; 11949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 04/13/52 (i) | 2194000 | &nbsp;&nbsp;&nbsp; 1682237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/13/31 | 515000 | &nbsp;&nbsp;&nbsp; 511204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 03/13/36 | 184000 | &nbsp;&nbsp;&nbsp; 182323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 03/13/46 | 67000 | &nbsp;&nbsp;&nbsp; 66768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 03/13/56 | 325000 | &nbsp;&nbsp;&nbsp; 324739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 03/13/66 | 3895000 | &nbsp;&nbsp;&nbsp; 3907768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.050%, 03/13/76 | 256000 | &nbsp;&nbsp;&nbsp; 254500 |
| AppLovin Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 12/01/29 | 1407000 | &nbsp;&nbsp;&nbsp; 1415164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 12/01/31 | 4358000 | &nbsp;&nbsp;&nbsp; 4400760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 12/01/54 | 678000 | &nbsp;&nbsp;&nbsp; 615853 |
| Arches Buyer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 06/01/28 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 96279 |
| Beignet Investor LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.581%, 05/30/49 (144A) | 7167000 | &nbsp;&nbsp;&nbsp; 7368795 |
| eBay, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 06/05/27 | 265000 | &nbsp;&nbsp;&nbsp; 262639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 11/06/35 | 100000 | &nbsp;&nbsp;&nbsp; 98624 |
| Expedia Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 02/15/30 | 135000 | &nbsp;&nbsp;&nbsp; 127567 |
| ION Platform Finance U.S., Inc./ION Platform Finance SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 05/30/29 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 94136 |
| Match Group Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 06/01/28 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 97763 |
| Meta Platforms, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 11/15/32 | 517000 | &nbsp;&nbsp;&nbsp; 511928 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Internet—(Continued)** | **Internet—(Continued)** | **Internet—(Continued)** |
| Meta Platforms, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 08/15/62 | 726000 | &nbsp;&nbsp;&nbsp; $562057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 08/15/34 | 155000 | &nbsp;&nbsp;&nbsp; 153313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 08/15/54 | 100000 | &nbsp;&nbsp;&nbsp; 90576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/15/45 | 199000 | &nbsp;&nbsp;&nbsp; 188317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 11/15/55 | 471000 | &nbsp;&nbsp;&nbsp; 441511 |
| Rakuten Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 04/15/29 (144A) (i) | 200000 | &nbsp;&nbsp;&nbsp; 213119 |
| Snap, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 03/01/33 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 94427 |
| Uber Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 01/15/30 | 100000 | &nbsp;&nbsp;&nbsp; 99157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 09/15/35 | 100000 | &nbsp;&nbsp;&nbsp; 97035 |
| Wayfair LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 09/15/30 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 104114 |
|  |  | &nbsp;&nbsp;&nbsp; 33714885 |
| **Investment Companies — 0.3%** | **Investment Companies — 0.3%** | **Investment Companies — 0.3%** |
| ARES Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 04/12/31 | 100000 | &nbsp;&nbsp;&nbsp; 96669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/30 | 100000 | &nbsp;&nbsp;&nbsp; 98217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/01/29 | 100000 | &nbsp;&nbsp;&nbsp; 100709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 07/15/29 | 179000 | &nbsp;&nbsp;&nbsp; 179883 |
| ARES Strategic Income Fund |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 01/15/31 (144A) (i) | 225000 | &nbsp;&nbsp;&nbsp; 212506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 09/09/28 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 98959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 03/21/32 | 39000 | &nbsp;&nbsp;&nbsp; 38224 |
| Blackstone Private Credit Fund |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 03/12/31 | 218000 | &nbsp;&nbsp;&nbsp; 207060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/29/32 | 100000 | &nbsp;&nbsp;&nbsp; 96978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/22/34 | 100000 | &nbsp;&nbsp;&nbsp; 93485 |
| Blackstone Reg Finance Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 02/15/36 | 100000 | &nbsp;&nbsp;&nbsp; 96511 |
| Blackstone Secured Lending Fund |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 06/30/30 | 247000 | &nbsp;&nbsp;&nbsp; 239025 |
| Blue Owl Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 06/11/28 | 100000 | &nbsp;&nbsp;&nbsp; 92959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 07/15/30 (i) | 148000 | &nbsp;&nbsp;&nbsp; 145861 |
| Blue Owl Credit Income Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 03/15/30 (i) | 241000 | &nbsp;&nbsp;&nbsp; 232381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.600%, 09/15/29 | 118000 | &nbsp;&nbsp;&nbsp; 117552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 01/15/29 | 13000 | &nbsp;&nbsp;&nbsp; 13303 |
| Brookfield Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.675%, 01/15/35 | 100000 | &nbsp;&nbsp;&nbsp; 100861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.813%, 03/03/55 | 100000 | &nbsp;&nbsp;&nbsp; 94730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.350%, 01/05/34 | 176000 | &nbsp;&nbsp;&nbsp; 186598 |
| Flourishing Trade & Investment Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.035%, 04/02/28 (f) (g) (h) | 2382595 | &nbsp;&nbsp;&nbsp; 2445257 |
| Prime Investments LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.000%, 5.500% PIK, 05/01/30 (f) (g) (h) | 721590 | &nbsp;&nbsp;&nbsp; 748650 |
| Resurgent Trade & Investment Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.520%, 12/01/27 (f) (g) | 1909000 | &nbsp;&nbsp;&nbsp; 1901937 |
|  |  | &nbsp;&nbsp;&nbsp; 7638315 |

---

**BHFTII-26**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Iron/Steel — 0.1%** | **Iron/Steel — 0.1%** | **Iron/Steel — 0.1%** |
| Cleveland-Cliffs, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 05/01/33 (144A) (i) | 100000 | &nbsp;&nbsp;&nbsp; $97827 |
| Nucor Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 05/01/28 | 100000 | &nbsp;&nbsp;&nbsp; 99341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 06/01/30 | 100000 | &nbsp;&nbsp;&nbsp; 100930 |
| Samarco Mineracao SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 5.500% PIK, 06/30/31 (h) | 897723 | &nbsp;&nbsp;&nbsp; 883276 |
| Steel Dynamics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 05/15/35 | 100000 | &nbsp;&nbsp;&nbsp; 100043 |
| Vale Overseas Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.400%, 06/28/54 (i) | 61000 | &nbsp;&nbsp;&nbsp; 61775 |
|  |  | &nbsp;&nbsp;&nbsp; 1343192 |
| **Leisure Time — 0.0%** | **Leisure Time — 0.0%** | **Leisure Time — 0.0%** |
| NCL Corp. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 02/01/32 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 99241 |
| **Lodging — 0.0%** | **Lodging — 0.0%** | **Lodging — 0.0%** |
| Full House Resorts, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 02/15/28 (144A) (i) | 97000 | &nbsp;&nbsp;&nbsp; 88270 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hilton Grand Vacations Borrower LLC/Hilton Grand <br> Vacations Borrower, Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 07/01/31 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 90235 |
| Marriott International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/33 | 52000 | &nbsp;&nbsp;&nbsp; 50243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 05/01/38 | 152000 | &nbsp;&nbsp;&nbsp; 144505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 05/15/34 | 182000 | &nbsp;&nbsp;&nbsp; 183692 |
| Marriott Ownership Resorts, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/01/33 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 95084 |
| Melco Resorts Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 12/04/29 | 200000 | &nbsp;&nbsp;&nbsp; 192086 |
| Sonder Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 12/10/27 † (f) (g) (j) | 1807372 | &nbsp;&nbsp;&nbsp; 0 |
| Wynn Macau Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 02/15/34 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 195185 |
|  |  | &nbsp;&nbsp;&nbsp; 1039300 |
| **Machinery-Construction & Mining — 0.0%** | **Machinery-Construction & Mining — 0.0%** | **Machinery-Construction & Mining — 0.0%** |
| Caterpillar Financial Services Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 08/16/29 | 140000 | &nbsp;&nbsp;&nbsp; 140464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 03/03/28 | 100000 | &nbsp;&nbsp;&nbsp; 100493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 02/27/29 | 229000 | &nbsp;&nbsp;&nbsp; 233024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/14/27 | 100000 | &nbsp;&nbsp;&nbsp; 100970 |
| Caterpillar, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.900%, 03/12/31 | 188000 | &nbsp;&nbsp;&nbsp; 167327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.803%, 08/15/42 | 46000 | &nbsp;&nbsp;&nbsp; 37948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.050%, 08/15/36 | 100000 | &nbsp;&nbsp;&nbsp; 109267 |
|  |  | &nbsp;&nbsp;&nbsp; 889493 |
| **Machinery-Diversified — 0.1%** | **Machinery-Diversified — 0.1%** | **Machinery-Diversified — 0.1%** |
| Columbus McKinnon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 02/01/33 (144A) | 9000 | &nbsp;&nbsp;&nbsp; 8996 |
| Deere Funding Canada Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 10/09/30 | 268000 | &nbsp;&nbsp;&nbsp; 264551 |
| Ingersoll Rand, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.197%, 06/15/27 | 100000 | &nbsp;&nbsp;&nbsp; 100866 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Machinery-Diversified—(Continued)** | **Machinery-Diversified—(Continued)** | **Machinery-Diversified—(Continued)** |
| John Deere Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 03/06/28 | 100000 | &nbsp;&nbsp;&nbsp; $95278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.800%, 09/08/27 | 225000 | &nbsp;&nbsp;&nbsp; 221107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.450%, 03/07/29 | 117000 | &nbsp;&nbsp;&nbsp; 114739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 03/09/29 | 150000 | &nbsp;&nbsp;&nbsp; 149036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 03/10/31 | 100000 | &nbsp;&nbsp;&nbsp; 99051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/16/29 | 146000 | &nbsp;&nbsp;&nbsp; 147392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 10/11/29 | 144000 | &nbsp;&nbsp;&nbsp; 147735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 03/07/31 | 100000 | &nbsp;&nbsp;&nbsp; 102083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 04/11/34 | 164000 | &nbsp;&nbsp;&nbsp; 166975 |
| Otis Worldwide Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.565%, 02/15/30 | 203000 | &nbsp;&nbsp;&nbsp; 188454 |
| Westinghouse Air Brake Technologies Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 09/15/28 | 100000 | &nbsp;&nbsp;&nbsp; 100293 |
|  |  | &nbsp;&nbsp;&nbsp; 1906556 |
| **Media — 0.6%** | **Media — 0.6%** | **Media — 0.6%** |
| AMC Networks, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/15/29 | 405000 | &nbsp;&nbsp;&nbsp; 341205 |
| CCO Holdings LLC/CCO Holdings Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/15/30 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 93448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 05/01/27 (144A) | 62000 | &nbsp;&nbsp;&nbsp; 61930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 02/01/33 (144A) | 29000 | &nbsp;&nbsp;&nbsp; 29080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 02/01/36 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 99585 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 06/01/52 | 1074000 | &nbsp;&nbsp;&nbsp; 683697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 12/01/61 | 154000 | &nbsp;&nbsp;&nbsp; 98910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 04/01/38 | 326000 | &nbsp;&nbsp;&nbsp; 292178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/63 | 100000 | &nbsp;&nbsp;&nbsp; 77232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 04/01/48 | 617000 | &nbsp;&nbsp;&nbsp; 514578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.484%, 10/23/45 | 215000 | &nbsp;&nbsp;&nbsp; 198222 |
| Comcast Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 02/15/31 (i) | 38000 | &nbsp;&nbsp;&nbsp; 32932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.650%, 08/15/62 | 337000 | &nbsp;&nbsp;&nbsp; 166522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.887%, 11/01/51 | 27000 | &nbsp;&nbsp;&nbsp; 15608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.937%, 11/01/56 | 184000 | &nbsp;&nbsp;&nbsp; 101929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.550%, 05/01/28 | 100000 | &nbsp;&nbsp;&nbsp; 98558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 03/01/38 | 189000 | &nbsp;&nbsp;&nbsp; 162314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.049%, 11/01/52 | 653000 | &nbsp;&nbsp;&nbsp; 467820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 10/15/28 | 268000 | &nbsp;&nbsp;&nbsp; 266899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 02/15/33 (i) | 214000 | &nbsp;&nbsp;&nbsp; 211875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 07/15/42 | 355000 | &nbsp;&nbsp;&nbsp; 306529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 10/15/58 | 135000 | &nbsp;&nbsp;&nbsp; 110312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 06/15/35 | 223000 | &nbsp;&nbsp;&nbsp; 230546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.050%, 05/15/55 | 34000 | &nbsp;&nbsp;&nbsp; 33642 |
| CSC Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/15/27 (144A) | 400000 | &nbsp;&nbsp;&nbsp; 346958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.250%, 05/15/28 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 163429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.750%, 01/31/29 (144A) | 247000 | &nbsp;&nbsp;&nbsp; 178617 |
| Directv Financing LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 02/01/30 (144A) | 58000 | &nbsp;&nbsp;&nbsp; 57871 |
| Directv Financing LLC/Directv Financing Co-Obligor, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 02/15/31 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 102083 |
| Discovery Communications LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 03/20/28 | 5437000 | &nbsp;&nbsp;&nbsp; 5326629 |

---

**BHFTII-27**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Media—(Continued)** | **Media—(Continued)** | **Media—(Continued)** |
| Discovery Communications LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/20/37 | 100000 | &nbsp;&nbsp;&nbsp; $72298 |
| Fox Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.476%, 01/25/39 | 100000 | &nbsp;&nbsp;&nbsp; 96731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/13/33 (i) | 100000 | &nbsp;&nbsp;&nbsp; 107320 |
| NBCUniversal Media LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 04/01/41 | 171000 | &nbsp;&nbsp;&nbsp; 171244 |
| Paramount Global |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 01/15/27 | 1061000 | &nbsp;&nbsp;&nbsp; 1042993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 02/15/28 | 117000 | &nbsp;&nbsp;&nbsp; 113381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 10/04/26 | 570000 | &nbsp;&nbsp;&nbsp; 561641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 07/01/42 | 100000 | &nbsp;&nbsp;&nbsp; 63860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 09/01/43 | 33000 | &nbsp;&nbsp;&nbsp; 22911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 02/28/57 (a) | 100000 | &nbsp;&nbsp;&nbsp; 67000 |
| Sirius XM Radio LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/27 (144A) | 250000 | &nbsp;&nbsp;&nbsp; 249651 |
| TCI Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 02/15/28 | 238000 | &nbsp;&nbsp;&nbsp; 249733 |
| Time Warner Cable Enterprises LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 07/15/33 | 227000 | &nbsp;&nbsp;&nbsp; 257027 |
| Time Warner Cable LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/41 | 303000 | &nbsp;&nbsp;&nbsp; 261141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 06/15/39 | 100000 | &nbsp;&nbsp;&nbsp; 99227 |
| Univision Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.375%, 08/01/32 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 103061 |
| Versant Media Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 01/30/31 (144A) | 23000 | &nbsp;&nbsp;&nbsp; 23538 |
| Virgin Media Secured Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/15/29 (144A) (i) | 200000 | &nbsp;&nbsp;&nbsp; 191816 |
| VZ Secured Financing BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/15/32 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 171439 |
| Walt Disney Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 12/01/45 | 423000 | &nbsp;&nbsp;&nbsp; 523615 |
|  |  | &nbsp;&nbsp;&nbsp; 15320765 |
| **Mining — 0.1%** | **Mining — 0.1%** | **Mining — 0.1%** |
| Barrick PD Australia Finance Pty. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 10/15/39 | 100000 | &nbsp;&nbsp;&nbsp; 102559 |
| Corp. Nacional del Cobre de Chile |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.529%, 01/30/37 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 196314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.440%, 01/26/36 (i) | 200000 | &nbsp;&nbsp;&nbsp; 210766 |
| Fortescue Treasury Pty. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 04/15/32 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 102183 |
| Freeport-McMoRan, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/01/30 | 158000 | &nbsp;&nbsp;&nbsp; 154768 |
| Glencore Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/30 (144A) | 38000 | &nbsp;&nbsp;&nbsp; 34555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 09/23/31 (144A) | 118000 | &nbsp;&nbsp;&nbsp; 105157 |
| Navoi Mining & Metallurgical Combinat |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/14/30 | 200000 | &nbsp;&nbsp;&nbsp; 205479 |
| Newmont Corp./Newcrest Finance Pty. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 03/15/34 | 100000 | &nbsp;&nbsp;&nbsp; 102842 |
| Novelis Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/30/30 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 94608 |
| Rio Tinto Alcan, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 06/01/35 | 100000 | &nbsp;&nbsp;&nbsp; 104446 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Mining—(Continued)** | **Mining—(Continued)** | **Mining—(Continued)** |
| Rio Tinto Finance USA Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 11/02/40 | 138000 | &nbsp;&nbsp;&nbsp; $134311 |
| Rio Tinto Finance USA PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/09/33 | 223000 | &nbsp;&nbsp;&nbsp; 226539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 03/09/53 | 100000 | &nbsp;&nbsp;&nbsp; 91321 |
| Stillwater Mining Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/16/29 | 337000 | &nbsp;&nbsp;&nbsp; 316568 |
|  |  | &nbsp;&nbsp;&nbsp; 2182416 |
| **Miscellaneous Manufacturing — 0.0%** | **Miscellaneous Manufacturing — 0.0%** | **Miscellaneous Manufacturing — 0.0%** |
| 3M Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 09/14/28 | 104000 | &nbsp;&nbsp;&nbsp; 102470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 06/15/44 | 103000 | &nbsp;&nbsp;&nbsp; 80304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 03/15/37 | 100000 | &nbsp;&nbsp;&nbsp; 103798 |
| Eaton Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 03/06/28 | 255000 | &nbsp;&nbsp;&nbsp; 253129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 03/06/29 | 485000 | &nbsp;&nbsp;&nbsp; 480157 |
| Parker-Hannifin Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 09/15/27 | 113000 | &nbsp;&nbsp;&nbsp; 113046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/15/29 (i) | 197000 | &nbsp;&nbsp;&nbsp; 198140 |
|  |  | &nbsp;&nbsp;&nbsp; 1331044 |
| **Office/Business Equipment — 0.0%** | **Office/Business Equipment — 0.0%** | **Office/Business Equipment — 0.0%** |
| CDW LLC/CDW Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 08/22/34 | 100000 | &nbsp;&nbsp;&nbsp; 98272 |
| Xerox Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.250%, 10/15/30 (144A) (i) | 457000 | &nbsp;&nbsp;&nbsp; 342750 |
|  |  | &nbsp;&nbsp;&nbsp; 441022 |
| **Oil & Gas — 4.2%** | **Oil & Gas — 4.2%** | **Oil & Gas — 4.2%** |
| Antero Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 03/01/30 (144A) | 6454000 | &nbsp;&nbsp;&nbsp; 6486883 |
| APA Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 07/01/49 | 100000 | &nbsp;&nbsp;&nbsp; 84265 |
| BP Capital Markets America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.939%, 06/04/51 | 100000 | &nbsp;&nbsp;&nbsp; 63047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.060%, 06/17/41 | 179000 | &nbsp;&nbsp;&nbsp; 134529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.379%, 02/08/61 | 100000 | &nbsp;&nbsp;&nbsp; 64184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.699%, 04/10/29 | 104000 | &nbsp;&nbsp;&nbsp; 105227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.868%, 11/25/29 | 100000 | &nbsp;&nbsp;&nbsp; 101805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.893%, 09/11/33 | 367000 | &nbsp;&nbsp;&nbsp; 368871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.970%, 10/17/29 | 134000 | &nbsp;&nbsp;&nbsp; 136793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.017%, 11/17/27 | 100000 | &nbsp;&nbsp;&nbsp; 101313 |
| California Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 01/15/34 (144A) | 192000 | &nbsp;&nbsp;&nbsp; 193567 |
| Canadian Natural Resources Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 06/01/27 | 529000 | &nbsp;&nbsp;&nbsp; 526000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/15/37 | 100000 | &nbsp;&nbsp;&nbsp; 106718 |
| Cenovus Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 03/20/36 | 104000 | &nbsp;&nbsp;&nbsp; 103463 |
| Chevron USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.687%, 04/15/30 | 239000 | &nbsp;&nbsp;&nbsp; 242715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.980%, 04/15/35 | 100000 | &nbsp;&nbsp;&nbsp; 101280 |
| CNX Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 03/01/32 (144A) | 978000 | &nbsp;&nbsp;&nbsp; 1007786 |

---

**BHFTII-28**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Oil & Gas—(Continued)** | **Oil & Gas—(Continued)** | **Oil & Gas—(Continued)** |
| ConocoPhillips |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 10/01/47 | 257000 | &nbsp;&nbsp;&nbsp; $225880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 05/15/38 | 100000 | &nbsp;&nbsp;&nbsp; 105583 |
| ConocoPhillips Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 03/15/52 | 100000 | &nbsp;&nbsp;&nbsp; 73055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 01/15/30 | 100000 | &nbsp;&nbsp;&nbsp; 100887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 09/15/33 | 40000 | &nbsp;&nbsp;&nbsp; 40623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 01/15/65 | 100000 | &nbsp;&nbsp;&nbsp; 95089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.950%, 04/15/29 | 162000 | &nbsp;&nbsp;&nbsp; 173956 |
| Continental Resources, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 06/01/44 | 100000 | &nbsp;&nbsp;&nbsp; 78899 |
| Coterra Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 05/15/27 | 466000 | &nbsp;&nbsp;&nbsp; 462660 |
| Crescent Energy Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 01/15/33 (144A) | 56000 | &nbsp;&nbsp;&nbsp; 55986 |
| CVR Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 02/15/31 (144A) | 53000 | &nbsp;&nbsp;&nbsp; 53396 |
| Devon Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/15/45 | 100000 | &nbsp;&nbsp;&nbsp; 87792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 10/15/27 | 515000 | &nbsp;&nbsp;&nbsp; 515198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.950%, 04/15/32 | 135000 | &nbsp;&nbsp;&nbsp; 155220 |
| Diamondback Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 03/24/31 (i) | 4928000 | &nbsp;&nbsp;&nbsp; 4568870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 12/01/26 | 6912000 | &nbsp;&nbsp;&nbsp; 6867272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/29 | 7780000 | &nbsp;&nbsp;&nbsp; 7506982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/15/52 | 1145000 | &nbsp;&nbsp;&nbsp; 886153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 01/30/30 (i) | 230000 | &nbsp;&nbsp;&nbsp; 234682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 04/18/34 | 130000 | &nbsp;&nbsp;&nbsp; 131976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/15/53 | 160000 | &nbsp;&nbsp;&nbsp; 161821 |
| Ecopetrol SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 02/01/32 | 724000 | &nbsp;&nbsp;&nbsp; 731142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 01/13/33 | 16000 | &nbsp;&nbsp;&nbsp; 16840 |
| Energean Israel Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 09/30/33 (144A) | 67321 | &nbsp;&nbsp;&nbsp; 69094 |
| Energean PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 05/12/31 (144A) (EUR) | 111000 | &nbsp;&nbsp;&nbsp; 124825 |
| EOG Resources, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 07/15/28 | 143000 | &nbsp;&nbsp;&nbsp; 143438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 04/15/50 | 100000 | &nbsp;&nbsp;&nbsp; 88432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 01/15/36 | 104000 | &nbsp;&nbsp;&nbsp; 105542 |
| EQT Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 05/15/26 (144A) | 2443000 | &nbsp;&nbsp;&nbsp; 2438085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 05/15/31 (144A) | 5809000 | &nbsp;&nbsp;&nbsp; 5417092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 10/01/27 (i) | 2294000 | &nbsp;&nbsp;&nbsp; 2266039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/15/29 | 2338000 | &nbsp;&nbsp;&nbsp; 2332532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/15/31 | 12647000 | &nbsp;&nbsp;&nbsp; 12580407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/15/29 (i) | 2107000 | &nbsp;&nbsp;&nbsp; 2119533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/15/28 | 196000 | &nbsp;&nbsp;&nbsp; 198511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 04/01/28 | 2928000 | &nbsp;&nbsp;&nbsp; 2995657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 02/01/34 | 169000 | &nbsp;&nbsp;&nbsp; 174228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 02/01/30 (i) | 4676000 | &nbsp;&nbsp;&nbsp; 5002739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 06/01/30 | 7322000 | &nbsp;&nbsp;&nbsp; 7973502 |
| Expand Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/01/32 (i) | 3454000 | &nbsp;&nbsp;&nbsp; 3365468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 02/01/29 | 334000 | &nbsp;&nbsp;&nbsp; 333704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 01/15/35 | 6362000 | &nbsp;&nbsp;&nbsp; 6461569 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Oil & Gas—(Continued)** | **Oil & Gas—(Continued)** | **Oil & Gas—(Continued)** |
| Expand Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 02/01/29 (144A) | 531000 | &nbsp;&nbsp;&nbsp; $531352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 04/15/29 (144A) | 2016000 | &nbsp;&nbsp;&nbsp; 2017417 |
| Exxon Mobil Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.452%, 04/15/51 | 100000 | &nbsp;&nbsp;&nbsp; 71228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.114%, 03/01/46 (i) | 255000 | &nbsp;&nbsp;&nbsp; 210193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.327%, 03/19/50 | 156000 | &nbsp;&nbsp;&nbsp; 129714 |
| Gran Tierra Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 04/15/31 (144A) | 366000 | &nbsp;&nbsp;&nbsp; 322537 |
| Granite Ridge Resources, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 11/05/29 (144A) | 1132000 | &nbsp;&nbsp;&nbsp; 1105749 |
| Hess Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/15/40 | 287000 | &nbsp;&nbsp;&nbsp; 303512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.300%, 08/15/31 | 498000 | &nbsp;&nbsp;&nbsp; 562783 |
| HF Sinclair Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/32 | 100000 | &nbsp;&nbsp;&nbsp; 100228 |
| Infinity Natural Resources LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 04/01/31 (144A) | 77000 | &nbsp;&nbsp;&nbsp; 77407 |
| KazMunayGas National Co. JSC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 10/24/48 | 253000 | &nbsp;&nbsp;&nbsp; 251101 |
| Marathon Petroleum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/01/41 | 100000 | &nbsp;&nbsp;&nbsp; 106441 |
| Medco Cypress Tree Pte. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 05/19/30 (144A) | 250000 | &nbsp;&nbsp;&nbsp; 256777 |
| NAK Naftogaz Ukraine via Kondor Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 07/19/26 (EUR) (h) | 179448 | &nbsp;&nbsp;&nbsp; 168230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 11/08/28 (144A) (h) | 442505 | &nbsp;&nbsp;&nbsp; 333573 |
| Northern Oil & Gas, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 10/15/33 (144A) (i) | 111000 | &nbsp;&nbsp;&nbsp; 114846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 06/15/31 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 103984 |
| Occidental Petroleum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 03/15/40 | 148000 | &nbsp;&nbsp;&nbsp; 151157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.450%, 09/15/36 (i) | 100000 | &nbsp;&nbsp;&nbsp; 106850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 05/01/31 | 181000 | &nbsp;&nbsp;&nbsp; 201456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 07/15/30 | 136000 | &nbsp;&nbsp;&nbsp; 154806 |
| Ovintiv, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 11/01/31 | 148000 | &nbsp;&nbsp;&nbsp; 163719 |
| Permian Resources Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 04/15/27 (144A) | 358000 | &nbsp;&nbsp;&nbsp; 358305 |
| Petroleos de Venezuela SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/15/26 (j) | 133000 | &nbsp;&nbsp;&nbsp; 45433 |
| Petroleos Mexicanos |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/26/29 (EUR) | 120000 | &nbsp;&nbsp;&nbsp; 137763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 01/28/31 | 193000 | &nbsp;&nbsp;&nbsp; 184522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 02/16/32 | 41000 | &nbsp;&nbsp;&nbsp; 40126 |
| Phillips 66 Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 10/01/46 | 100000 | &nbsp;&nbsp;&nbsp; 86606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/15/55 | 100000 | &nbsp;&nbsp;&nbsp; 91665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 05/01/42 | 100000 | &nbsp;&nbsp;&nbsp; 100172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 5Y H15 + 2.283%, 03/15/56 (a) | 296000 | &nbsp;&nbsp;&nbsp; 291488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 5Y H15 + 2.166%, 03/15/56 (a) | 100000 | &nbsp;&nbsp;&nbsp; 99551 |
| Raizen Fuels Finance SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 07/08/32 (144A) | 312000 | &nbsp;&nbsp;&nbsp; 172380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.450%, 03/05/34 | 206000 | &nbsp;&nbsp;&nbsp; 113300 |
| Repsol E&P Capital Markets U.S. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.805%, 09/16/28 (144A) | 210000 | &nbsp;&nbsp;&nbsp; 210875 |

---

**BHFTII-29**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Oil & Gas—(Continued)** | **Oil & Gas—(Continued)** | **Oil & Gas—(Continued)** |
| SM Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/15/26 (144A) | 512000 | &nbsp;&nbsp;&nbsp; $511165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 08/01/32 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 102109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 11/01/30 (144A) | 56000 | &nbsp;&nbsp;&nbsp; 59085 |
| Suncor Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 12/01/34 | 100000 | &nbsp;&nbsp;&nbsp; 104769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.850%, 06/01/39 | 100000 | &nbsp;&nbsp;&nbsp; 109526 |
| Sunoco LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 05/01/30 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 96237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 5Y H15 + 4.230%, 09/18/30 (144A) (a) | 195000 | &nbsp;&nbsp;&nbsp; 199100 |
| TotalEnergies Capital SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.275%, 09/10/54 | 197000 | &nbsp;&nbsp;&nbsp; 183752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.425%, 09/10/64 | 100000 | &nbsp;&nbsp;&nbsp; 92981 |
| TotalEnergies Capital USA LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.248%, 01/13/31 | 252000 | &nbsp;&nbsp;&nbsp; 249675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.569%, 01/13/33 | 38000 | &nbsp;&nbsp;&nbsp; 37615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.857%, 01/13/36 | 151000 | &nbsp;&nbsp;&nbsp; 148678 |
| Transocean International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 05/15/29 (144A) (i) | 109000 | &nbsp;&nbsp;&nbsp; 112625 |
| Trident Energy Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.500%, 11/30/29 | 303000 | &nbsp;&nbsp;&nbsp; 322886 |
| Valero Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 03/10/36 | 50000 | &nbsp;&nbsp;&nbsp; 49289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 04/15/32 (i) | 174000 | &nbsp;&nbsp;&nbsp; 196923 |
| Viper Energy Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 08/01/30 (i) | 1575000 | &nbsp;&nbsp;&nbsp; 1573960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 08/01/35 (i) | 3046000 | &nbsp;&nbsp;&nbsp; 3069789 |
| Vista Energy Argentina SAU |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 12/10/35 (144A) | 97000 | &nbsp;&nbsp;&nbsp; 98164 |
|  |  | &nbsp;&nbsp;&nbsp; 104244379 |
| **Oil & Gas Services — 0.0%** | **Oil & Gas Services — 0.0%** | **Oil & Gas Services — 0.0%** |
| Archrock Partners LP/Archrock Partners Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 09/01/32 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 101965 |
| Baker Hughes Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 09/15/40 | 100000 | &nbsp;&nbsp;&nbsp; 95692 |
| Halliburton Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 08/01/43 | 200000 | &nbsp;&nbsp;&nbsp; 174818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 09/15/38 | 100000 | &nbsp;&nbsp;&nbsp; 109648 |
| &nbsp;&nbsp;&nbsp;&nbsp; USA Compression Partners LP/USA Compression Finance <br> Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/01/33 (144A) (i) | 21000 | &nbsp;&nbsp;&nbsp; 20934 |
|  |  | &nbsp;&nbsp;&nbsp; 503057 |
| **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** |
| Amcor Finance USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 05/26/33 | 186000 | &nbsp;&nbsp;&nbsp; 190557 |
| Ardagh Group SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.000%, 6.500% PIK, 12/01/30 (144A) (h) | 772000 | &nbsp;&nbsp;&nbsp; 648750 |
| Clydesdale Acquisition Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 04/15/30 (144A) (i) | 129000 | &nbsp;&nbsp;&nbsp; 120366 |
| Mauser Packaging Solutions Holding Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 04/15/30 (144A) (i) | 100000 | &nbsp;&nbsp;&nbsp; 92917 |
| Sealed Air Corp./Sealed Air Corp. U.S. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 02/01/28 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 101253 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Packaging & Containers—(Continued)** | **Packaging & Containers—(Continued)** | **Packaging & Containers—(Continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo <br> U.S. LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 05/15/30 (144A) (i) | 292000 | &nbsp;&nbsp;&nbsp; $257874 |
| Trivium Packaging Finance BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.250%, 01/15/31 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 216542 |
| WestRock MWV LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.950%, 02/15/31 | 255000 | &nbsp;&nbsp;&nbsp; 288968 |
|  |  | &nbsp;&nbsp;&nbsp; 1917227 |
| **Pharmaceuticals — 0.7%** | **Pharmaceuticals — 0.7%** | **Pharmaceuticals — 0.7%** |
| AbbVie, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 03/15/33 | 240000 | &nbsp;&nbsp;&nbsp; 235603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 03/15/35 | 443000 | &nbsp;&nbsp;&nbsp; 430124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 03/15/28 | 100000 | &nbsp;&nbsp;&nbsp; 100910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 05/14/45 | 100000 | &nbsp;&nbsp;&nbsp; 89183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 03/15/45 | 301000 | &nbsp;&nbsp;&nbsp; 269121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 03/15/29 | 235000 | &nbsp;&nbsp;&nbsp; 238776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 03/15/30 | 245000 | &nbsp;&nbsp;&nbsp; 249887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 11/14/48 | 535000 | &nbsp;&nbsp;&nbsp; 479729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 03/15/44 | 169000 | &nbsp;&nbsp;&nbsp; 164495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/15/64 | 100000 | &nbsp;&nbsp;&nbsp; 95358 |
| AstraZeneca Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 02/26/29 | 236000 | &nbsp;&nbsp;&nbsp; 240072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 02/26/31 | 100000 | &nbsp;&nbsp;&nbsp; 102107 |
| AstraZeneca PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 08/06/30 | 100000 | &nbsp;&nbsp;&nbsp; 88245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/17/29 | 52000 | &nbsp;&nbsp;&nbsp; 51878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.450%, 09/15/37 | 142000 | &nbsp;&nbsp;&nbsp; 158696 |
| Becton Dickinson & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.957%, 02/11/31 (i) | 143000 | &nbsp;&nbsp;&nbsp; 126093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 06/06/27 | 217000 | &nbsp;&nbsp;&nbsp; 215214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.693%, 02/13/28 | 100000 | &nbsp;&nbsp;&nbsp; 100478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.110%, 02/08/34 | 104000 | &nbsp;&nbsp;&nbsp; 104647 |
| Bristol-Myers Squibb Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 07/26/29 | 201000 | &nbsp;&nbsp;&nbsp; 195786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 05/15/44 | 423000 | &nbsp;&nbsp;&nbsp; 371101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 02/22/29 | 245000 | &nbsp;&nbsp;&nbsp; 250195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 02/22/31 | 25000 | &nbsp;&nbsp;&nbsp; 25699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 02/22/34 | 16000 | &nbsp;&nbsp;&nbsp; 16403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 02/22/54 (i) | 351000 | &nbsp;&nbsp;&nbsp; 337980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 02/01/31 | 105000 | &nbsp;&nbsp;&nbsp; 110877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 11/15/33 | 169000 | &nbsp;&nbsp;&nbsp; 181146 |
| Cardinal Health, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.410%, 06/15/27 | 103000 | &nbsp;&nbsp;&nbsp; 101781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/15/44 | 123000 | &nbsp;&nbsp;&nbsp; 103085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/15/29 | 112000 | &nbsp;&nbsp;&nbsp; 113684 |
| Cencora, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 02/13/33 | 91000 | &nbsp;&nbsp;&nbsp; 89475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 12/15/29 | 296000 | &nbsp;&nbsp;&nbsp; 300037 |
| CVS Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.780%, 03/25/38 | 100000 | &nbsp;&nbsp;&nbsp; 92154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/30/29 | 165000 | &nbsp;&nbsp;&nbsp; 167146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 06/01/33 | 280000 | &nbsp;&nbsp;&nbsp; 282215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 12/05/43 | 304000 | &nbsp;&nbsp;&nbsp; 276514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 09/15/35 | 167000 | &nbsp;&nbsp;&nbsp; 167649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 06/01/31 | 232000 | &nbsp;&nbsp;&nbsp; 239359 |

---

**BHFTII-30**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Pharmaceuticals—(Continued)** | **Pharmaceuticals—(Continued)** | **Pharmaceuticals—(Continued)** |
| CVS Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 06/01/53 (i) | 106000 | &nbsp;&nbsp;&nbsp; $100369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 09/15/55 | 344000 | &nbsp;&nbsp;&nbsp; 340735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 06/01/27 | 1468000 | &nbsp;&nbsp;&nbsp; 1496408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 5Y H15 + 2.886%, 03/10/55 (a) | 100000 | &nbsp;&nbsp;&nbsp; 103059 |
| Eli Lilly & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 03/15/29 | 221000 | &nbsp;&nbsp;&nbsp; 216633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 08/14/29 | 400000 | &nbsp;&nbsp;&nbsp; 400379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/15/31 | 12000 | &nbsp;&nbsp;&nbsp; 11943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 10/15/32 | 254000 | &nbsp;&nbsp;&nbsp; 254118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/12/30 | 100000 | &nbsp;&nbsp;&nbsp; 101812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 08/14/54 | 371000 | &nbsp;&nbsp;&nbsp; 340407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 02/12/35 | 100000 | &nbsp;&nbsp;&nbsp; 102034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 02/09/64 | 108000 | &nbsp;&nbsp;&nbsp; 97149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 02/12/65 | 100000 | &nbsp;&nbsp;&nbsp; 97867 |
| Johnson & Johnson |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.450%, 09/01/60 | 211000 | &nbsp;&nbsp;&nbsp; 113082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 01/15/38 | 234000 | &nbsp;&nbsp;&nbsp; 202860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/15/48 | 155000 | &nbsp;&nbsp;&nbsp; 117039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/05/43 | 121000 | &nbsp;&nbsp;&nbsp; 111554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 03/01/30 | 102000 | &nbsp;&nbsp;&nbsp; 104249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 06/01/29 | 52000 | &nbsp;&nbsp;&nbsp; 53301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 06/01/31 | 51000 | &nbsp;&nbsp;&nbsp; 52697 |
| Merck & Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 03/07/29 | 175000 | &nbsp;&nbsp;&nbsp; 171616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 09/15/42 | 290000 | &nbsp;&nbsp;&nbsp; 230225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/17/53 | 100000 | &nbsp;&nbsp;&nbsp; 90121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 09/15/55 | 100000 | &nbsp;&nbsp;&nbsp; 99226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 12/04/65 | 118000 | &nbsp;&nbsp;&nbsp; 114643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/01/33 | 257000 | &nbsp;&nbsp;&nbsp; 285470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.550%, 09/15/37 | 358000 | &nbsp;&nbsp;&nbsp; 402774 |
| Novartis Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 09/18/29 | 100000 | &nbsp;&nbsp;&nbsp; 98702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 11/05/30 | 100000 | &nbsp;&nbsp;&nbsp; 98886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 05/06/44 | 328000 | &nbsp;&nbsp;&nbsp; 287521 |
| Pfizer Investment Enterprises Pte. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 05/19/28 | 100000 | &nbsp;&nbsp;&nbsp; 100593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 05/19/30 | 228000 | &nbsp;&nbsp;&nbsp; 229730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 05/19/33 | 193000 | &nbsp;&nbsp;&nbsp; 192265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 05/19/53 | 275000 | &nbsp;&nbsp;&nbsp; 255577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.340%, 05/19/63 | 100000 | &nbsp;&nbsp;&nbsp; 90833 |
| Pfizer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.450%, 03/15/29 | 152000 | &nbsp;&nbsp;&nbsp; 149419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/15/49 | 100000 | &nbsp;&nbsp;&nbsp; 78032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 11/15/30 | 100000 | &nbsp;&nbsp;&nbsp; 99305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 06/15/43 | 151000 | &nbsp;&nbsp;&nbsp; 128870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/15/32 | 117000 | &nbsp;&nbsp;&nbsp; 116040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 09/15/40 | 289000 | &nbsp;&nbsp;&nbsp; 296064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 11/15/65 | 100000 | &nbsp;&nbsp;&nbsp; 96550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.200%, 03/15/39 | 100000 | &nbsp;&nbsp;&nbsp; 116896 |
| Takeda U.S. Financing, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 07/07/35 (i) | 217000 | &nbsp;&nbsp;&nbsp; 217016 |
| Teva Pharmaceutical Finance Netherlands III BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 09/15/31 | 200000 | &nbsp;&nbsp;&nbsp; 223584 |
| Wyeth LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/15/36 | 222000 | &nbsp;&nbsp;&nbsp; 237337 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Pharmaceuticals—(Continued)** | **Pharmaceuticals—(Continued)** | **Pharmaceuticals—(Continued)** |
| Zoetis, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/12/27 | 107000 | &nbsp;&nbsp;&nbsp; $105189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 08/17/28 | 508000 | &nbsp;&nbsp;&nbsp; 506422 |
|  |  | &nbsp;&nbsp;&nbsp; 16499503 |
| **Pipelines — 0.8%** | **Pipelines — 0.8%** | **Pipelines — 0.8%** |
| Boardwalk Pipelines LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 02/15/36 | 100000 | &nbsp;&nbsp;&nbsp; 98391 |
| Cameron LNG LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.402%, 01/15/38 (144A) | 1153000 | &nbsp;&nbsp;&nbsp; 1003945 |
| Cheniere Corpus Christi Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.742%, 12/31/39 | 3405000 | &nbsp;&nbsp;&nbsp; 2879270 |
| Cheniere Energy Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 01/31/32 | 351000 | &nbsp;&nbsp;&nbsp; 319905 |
| Cheniere Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 04/15/34 | 62000 | &nbsp;&nbsp;&nbsp; 63831 |
| Eastern Energy Gas Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 01/15/35 | 229000 | &nbsp;&nbsp;&nbsp; 237486 |
| Enbridge Energy Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 04/15/38 | 100000 | &nbsp;&nbsp;&nbsp; 115853 |
| Enbridge, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 07/15/27 | 101000 | &nbsp;&nbsp;&nbsp; 100039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 11/20/28 | 100000 | &nbsp;&nbsp;&nbsp; 99298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/46 | 204000 | &nbsp;&nbsp;&nbsp; 194577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 04/05/34 | 100000 | &nbsp;&nbsp;&nbsp; 103149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 03/08/33 | 100000 | &nbsp;&nbsp;&nbsp; 103589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 11/15/53 | 120000 | &nbsp;&nbsp;&nbsp; 130228 |
| Energy Transfer LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 01/15/31 | 110000 | &nbsp;&nbsp;&nbsp; 109001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/44 | 100000 | &nbsp;&nbsp;&nbsp; 87053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 03/15/45 | 191000 | &nbsp;&nbsp;&nbsp; 166249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 07/01/29 | 324000 | &nbsp;&nbsp;&nbsp; 331086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 04/01/44 | 100000 | &nbsp;&nbsp;&nbsp; 89602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 10/01/47 | 100000 | &nbsp;&nbsp;&nbsp; 88860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 09/01/34 | 226000 | &nbsp;&nbsp;&nbsp; 230331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.050%, 09/01/54 | 397000 | &nbsp;&nbsp;&nbsp; 378004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.550%, 12/01/33 | 100000 | &nbsp;&nbsp;&nbsp; 107966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 5Y H15 + 2.829%, 10/01/54 (a) (i) | 100000 | &nbsp;&nbsp;&nbsp; 101567 |
| Enterprise Products Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.800%, 01/31/30 | 100000 | &nbsp;&nbsp;&nbsp; 94267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 02/15/53 | 171000 | &nbsp;&nbsp;&nbsp; 112977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 01/31/60 | 100000 | &nbsp;&nbsp;&nbsp; 72224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 01/15/31 (i) | 100000 | &nbsp;&nbsp;&nbsp; 100163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 01/31/34 | 100000 | &nbsp;&nbsp;&nbsp; 99813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 03/15/44 | 213000 | &nbsp;&nbsp;&nbsp; 192243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 02/15/35 | 100000 | &nbsp;&nbsp;&nbsp; 99692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 3M TSFR + 3.295%, 08/16/77 (a) | 136000 | &nbsp;&nbsp;&nbsp; 134787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 02/15/42 | 134000 | &nbsp;&nbsp;&nbsp; 134184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.550%, 04/15/38 | 100000 | &nbsp;&nbsp;&nbsp; 118423 |
| Genesis Energy LP/Genesis Energy Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 04/15/30 | 100000 | &nbsp;&nbsp;&nbsp; 104421 |
| Greensaif Pipelines Bidco SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.853%, 02/23/36 | 200000 | &nbsp;&nbsp;&nbsp; 200375 |
| Kinder Morgan Energy Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 03/15/35 | 100000 | &nbsp;&nbsp;&nbsp; 103700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 09/01/39 | 113000 | &nbsp;&nbsp;&nbsp; 120565 |

---

**BHFTII-31**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Pipelines—(Continued)** | **Pipelines—(Continued)** | **Pipelines—(Continued)** |
| Kinder Morgan Energy Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.550%, 09/15/40 | 273000 | &nbsp;&nbsp;&nbsp; $292159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.300%, 08/15/33 | 100000 | &nbsp;&nbsp;&nbsp; 112889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.400%, 03/15/31 | 136000 | &nbsp;&nbsp;&nbsp; 152239 |
| Kinder Morgan, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 08/01/50 | 111000 | &nbsp;&nbsp;&nbsp; 72092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 02/01/33 | 100000 | &nbsp;&nbsp;&nbsp; 99189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 12/01/34 | 169000 | &nbsp;&nbsp;&nbsp; 170302 |
| MPLX LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 02/15/29 | 100000 | &nbsp;&nbsp;&nbsp; 100832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 04/15/58 | 100000 | &nbsp;&nbsp;&nbsp; 80939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 03/14/52 | 100000 | &nbsp;&nbsp;&nbsp; 83016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/33 | 75000 | &nbsp;&nbsp;&nbsp; 74579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 03/01/47 | 130000 | &nbsp;&nbsp;&nbsp; 114854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 04/01/35 | 202000 | &nbsp;&nbsp;&nbsp; 201796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/34 | 131000 | &nbsp;&nbsp;&nbsp; 132348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 04/01/56 | 100000 | &nbsp;&nbsp;&nbsp; 97231 |
| NGPL PipeCo LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 07/15/31 (144A) | 1320000 | &nbsp;&nbsp;&nbsp; 1213070 |
| ONEOK Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.650%, 10/01/36 | 100000 | &nbsp;&nbsp;&nbsp; 107704 |
| ONEOK, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 03/15/30 | 100000 | &nbsp;&nbsp;&nbsp; 94298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 03/01/50 | 263000 | &nbsp;&nbsp;&nbsp; 186361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/13/27 | 234000 | &nbsp;&nbsp;&nbsp; 232668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 10/15/31 | 93000 | &nbsp;&nbsp;&nbsp; 92012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 02/01/49 | 135000 | &nbsp;&nbsp;&nbsp; 110920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 10/15/32 | 129000 | &nbsp;&nbsp;&nbsp; 127955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 06/01/47 | 256000 | &nbsp;&nbsp;&nbsp; 230838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 09/01/34 | 46000 | &nbsp;&nbsp;&nbsp; 46793 |
| Plains All American Pipeline LP/PAA Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 09/15/30 | 117000 | &nbsp;&nbsp;&nbsp; 112738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 06/15/44 | 100000 | &nbsp;&nbsp;&nbsp; 84493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.650%, 01/15/37 | 138000 | &nbsp;&nbsp;&nbsp; 148739 |
| Sabine Pass Liquefaction LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/15/30 | 96000 | &nbsp;&nbsp;&nbsp; 95303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 09/15/37 | 1439554 | &nbsp;&nbsp;&nbsp; 1500978 |
| &nbsp;&nbsp;&nbsp;&nbsp; Targa Resources Partners LP/Targa Resources Partners <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 02/01/31 (i) | 842000 | &nbsp;&nbsp;&nbsp; 840670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/30 | 1015000 | &nbsp;&nbsp;&nbsp; 1024272 |
| TransCanada PipeLines Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 05/15/28 | 214000 | &nbsp;&nbsp;&nbsp; 213037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/01/34 | 100000 | &nbsp;&nbsp;&nbsp; 96776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 03/15/36 | 100000 | &nbsp;&nbsp;&nbsp; 104066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 06/01/40 | 146000 | &nbsp;&nbsp;&nbsp; 151325 |
| Transcontinental Gas Pipe Line Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 08/01/42 | 130000 | &nbsp;&nbsp;&nbsp; 111365 |
| Venture Global LNG, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 01/15/30 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 102105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 5Y H15 + 5.440%, 09/30/29 (144A) (a) | 254000 | &nbsp;&nbsp;&nbsp; 252996 |
| Western Midstream Operating LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 04/01/44 | 129000 | &nbsp;&nbsp;&nbsp; 114757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 04/01/33 | 181000 | &nbsp;&nbsp;&nbsp; 188906 |
| Williams Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.600%, 03/15/31 | 199000 | &nbsp;&nbsp;&nbsp; 180141 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Pipelines—(Continued)** | **Pipelines—(Continued)** | **Pipelines—(Continued)** |
| Williams Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/15/51 | 189000 | &nbsp;&nbsp;&nbsp; $128492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 01/15/45 | 273000 | &nbsp;&nbsp;&nbsp; 238804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 03/15/34 | 221000 | &nbsp;&nbsp;&nbsp; 221284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 09/30/35 | 100000 | &nbsp;&nbsp;&nbsp; 99907 |
|  |  | &nbsp;&nbsp;&nbsp; 19065352 |
| **Real Estate — 0.3%** | **Real Estate — 0.3%** | **Real Estate — 0.3%** |
| Domain Greenbough Partner 2 LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 14.570%, 01/23/32 (f) (g) | 447689 | &nbsp;&nbsp;&nbsp; 447152 |
| Five Point Operating Co. LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 10/01/30 (144A) | 39000 | &nbsp;&nbsp;&nbsp; 38908 |
| Lessen Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.436%, SOFR + 8.500%, 01/05/28 † (a) (f) (g) | 1853537 | &nbsp;&nbsp;&nbsp; 1392377 |
| Resort Communities Loanco LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 13.000%, 11/21/28 (f) (g) (l) | 4678982 | &nbsp;&nbsp;&nbsp; 4605990 |
|  |  | &nbsp;&nbsp;&nbsp; 6484427 |
| **Real Estate Investment Trusts — 0.6%** | **Real Estate Investment Trusts — 0.6%** | **Real Estate Investment Trusts — 0.6%** |
| Alexandria Real Estate Equities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/18/32 | 22000 | &nbsp;&nbsp;&nbsp; 18406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 03/15/34 | 100000 | &nbsp;&nbsp;&nbsp; 84530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 08/15/31 | 146000 | &nbsp;&nbsp;&nbsp; 134653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/30/29 | 137000 | &nbsp;&nbsp;&nbsp; 136205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/35 | 248000 | &nbsp;&nbsp;&nbsp; 246843 |
| American Homes 4 Rent LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 06/15/30 | 100000 | &nbsp;&nbsp;&nbsp; 100366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/15/34 | 100000 | &nbsp;&nbsp;&nbsp; 100035 |
| American Tower Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 02/15/34 | 1660000 | &nbsp;&nbsp;&nbsp; 1687494 |
| AvalonBay Communities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 10/15/46 | 278000 | &nbsp;&nbsp;&nbsp; 214831 |
| Boston Properties LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 03/15/30 | 100000 | &nbsp;&nbsp;&nbsp; 92668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 01/15/35 (i) | 100000 | &nbsp;&nbsp;&nbsp; 99451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 01/15/34 | 100000 | &nbsp;&nbsp;&nbsp; 104688 |
| Brixmor Operating Partnership LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 02/15/33 | 168000 | &nbsp;&nbsp;&nbsp; 165020 |
| Camden Property Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.150%, 07/01/29 | 208000 | &nbsp;&nbsp;&nbsp; 199486 |
| Cousins Properties LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 03/01/33 | 125000 | &nbsp;&nbsp;&nbsp; 120346 |
| Crown Castle, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.100%, 04/01/31 | 341000 | &nbsp;&nbsp;&nbsp; 297105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 11/15/29 | 100000 | &nbsp;&nbsp;&nbsp; 94376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, 09/01/27 | 100000 | &nbsp;&nbsp;&nbsp; 98803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 09/01/29 | 134000 | &nbsp;&nbsp;&nbsp; 134744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 03/01/34 | 100000 | &nbsp;&nbsp;&nbsp; 102426 |
| CubeSmart LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 02/15/29 | 159000 | &nbsp;&nbsp;&nbsp; 157898 |
| Equinix, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/15/31 | 220000 | &nbsp;&nbsp;&nbsp; 196365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 02/15/52 | 320000 | &nbsp;&nbsp;&nbsp; 210976 |
| ERP Operating LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/28 | 110000 | &nbsp;&nbsp;&nbsp; 108346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 09/15/34 | 29000 | &nbsp;&nbsp;&nbsp; 28263 |

---

**BHFTII-32**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Real Estate Investment Trusts—(Continued)** | **Real Estate Investment Trusts—(Continued)** | **Real Estate Investment Trusts—(Continued)** |
| ERP Operating LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 06/15/32 | 100000 | &nbsp;&nbsp;&nbsp; $100666 |
| Essex Portfolio LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 05/01/27 | 323000 | &nbsp;&nbsp;&nbsp; 320123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/34 | 100000 | &nbsp;&nbsp;&nbsp; 101255 |
| Extra Space Storage LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/01/30 | 433000 | &nbsp;&nbsp;&nbsp; 444170 |
| GLP Capital LP/GLP Financing II, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/15/31 | 279000 | &nbsp;&nbsp;&nbsp; 263817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 02/15/33 (i) | 474000 | &nbsp;&nbsp;&nbsp; 464633 |
| Healthcare Realty Holdings LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 07/01/27 | 215000 | &nbsp;&nbsp;&nbsp; 212927 |
| Healthpeak OP LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/15/30 | 100000 | &nbsp;&nbsp;&nbsp; 94049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/15/33 | 134000 | &nbsp;&nbsp;&nbsp; 131079 |
| Highwoods Realty LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 01/15/33 | 100000 | &nbsp;&nbsp;&nbsp; 97640 |
| Host Hotels & Resorts LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/15/35 | 100000 | &nbsp;&nbsp;&nbsp; 99214 |
| Invitation Homes Operating Partnership LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/15/33 | 106000 | &nbsp;&nbsp;&nbsp; 106140 |
| Iron Mountain, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 09/15/27 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 99807 |
| Mid-America Apartments LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 01/15/33 | 100000 | &nbsp;&nbsp;&nbsp; 98212 |
| NNN REIT, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/15/34 | 85000 | &nbsp;&nbsp;&nbsp; 86292 |
| Omega Healthcare Investors, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 02/01/31 | 112000 | &nbsp;&nbsp;&nbsp; 103513 |
| &nbsp;&nbsp;&nbsp;&nbsp; Park Intermediate Holdings LLC/PK Domestic <br> Property LLC/PK Finance Co-Issuer<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 05/15/29 (144A) | 340000 | &nbsp;&nbsp;&nbsp; 326365 |
| Piedmont Operating Partnership LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 01/15/33 | 129000 | &nbsp;&nbsp;&nbsp; 125356 |
| Prologis LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 02/01/31 | 253000 | &nbsp;&nbsp;&nbsp; 222294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 11/15/29 | 100000 | &nbsp;&nbsp;&nbsp; 94822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 02/01/29 | 130000 | &nbsp;&nbsp;&nbsp; 130071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/31/35 | 100000 | &nbsp;&nbsp;&nbsp; 99647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 01/15/34 | 197000 | &nbsp;&nbsp;&nbsp; 199154 |
| Public Storage Operating Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.850%, 05/01/28 | 166000 | &nbsp;&nbsp;&nbsp; 158146 |
| Realty Income Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.100%, 03/15/28 (i) | 324000 | &nbsp;&nbsp;&nbsp; 310456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 01/15/30 | 100000 | &nbsp;&nbsp;&nbsp; 95896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, 01/15/28 | 225000 | &nbsp;&nbsp;&nbsp; 222355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/33 | 100000 | &nbsp;&nbsp;&nbsp; 97487 |
| Regency Centers LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/15/33 | 70000 | &nbsp;&nbsp;&nbsp; 68260 |
| Service Properties Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 09/30/28 (144A) † | 318000 | &nbsp;&nbsp;&nbsp; 289315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 02/15/30 † | 100000 | &nbsp;&nbsp;&nbsp; 88802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/15/27 † | 71000 | &nbsp;&nbsp;&nbsp; 71093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 06/15/32 † | 715000 | &nbsp;&nbsp;&nbsp; 708664 |
| Simon Property Group LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.200%, 02/01/31 | 100000 | &nbsp;&nbsp;&nbsp; 89629 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Real Estate Investment Trusts—(Continued)** | **Real Estate Investment Trusts—(Continued)** | **Real Estate Investment Trusts—(Continued)** |
| Simon Property Group LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 01/15/32 | 124000 | &nbsp;&nbsp;&nbsp; $108441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.450%, 09/13/29 | 207000 | &nbsp;&nbsp;&nbsp; 193917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 10/01/44 | 138000 | &nbsp;&nbsp;&nbsp; 113580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 09/26/34 | 48000 | &nbsp;&nbsp;&nbsp; 46970 |
| Store Capital LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 11/18/30 | 53000 | &nbsp;&nbsp;&nbsp; 47676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 04/30/30 | 1793000 | &nbsp;&nbsp;&nbsp; 1801257 |
| Trust 2401 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.700%, 01/23/32 (144A) | 288000 | &nbsp;&nbsp;&nbsp; 307714 |
| Trust Fibra Uno |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.700%, 01/23/32 | 576000 | &nbsp;&nbsp;&nbsp; 607294 |
| Ventas Realty LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 07/01/34 | 130000 | &nbsp;&nbsp;&nbsp; 133317 |
| VICI Properties LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 02/15/30 | 245000 | &nbsp;&nbsp;&nbsp; 244608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 11/15/31 | 125000 | &nbsp;&nbsp;&nbsp; 124091 |
| Welltower OP LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.050%, 01/15/29 | 101000 | &nbsp;&nbsp;&nbsp; 94998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.800%, 06/01/31 | 195000 | &nbsp;&nbsp;&nbsp; 178550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 01/15/30 | 22000 | &nbsp;&nbsp;&nbsp; 20931 |
| Weyerhaeuser Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/15/30 | 108000 | &nbsp;&nbsp;&nbsp; 105114 |
| XHR LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 06/01/29 (144A) | 52000 | &nbsp;&nbsp;&nbsp; 50375 |
|  |  | &nbsp;&nbsp;&nbsp; 15334506 |
| **Retail — 0.2%** | **Retail — 0.2%** | **Retail — 0.2%** |
| 1011778 BC ULC/New Red Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 01/15/28 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 97748 |
| Advance Auto Parts, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 04/15/30 | 100000 | &nbsp;&nbsp;&nbsp; 91837 |
| AutoZone, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.550%, 11/01/33 | 100000 | &nbsp;&nbsp;&nbsp; 108841 |
| Dollar General Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 07/05/33 | 80000 | &nbsp;&nbsp;&nbsp; 80932 |
| Group 1 Automotive, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/15/28 (144A) (i) | 100000 | &nbsp;&nbsp;&nbsp; 96771 |
| Home Depot, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 09/15/40 | 168000 | &nbsp;&nbsp;&nbsp; 168497 |
| LCM Investments Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 08/01/31 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 103874 |
| Lithia Motors, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 06/01/29 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 94981 |
| Lowe's Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.700%, 09/15/28 | 107000 | &nbsp;&nbsp;&nbsp; 100558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 04/01/31 | 202000 | &nbsp;&nbsp;&nbsp; 183539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 05/03/27 | 516000 | &nbsp;&nbsp;&nbsp; 509846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 04/15/46 | 45000 | &nbsp;&nbsp;&nbsp; 33144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 10/15/27 | 100000 | &nbsp;&nbsp;&nbsp; 99656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, 05/03/47 | 125000 | &nbsp;&nbsp;&nbsp; 95867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/15/32 (i) | 266000 | &nbsp;&nbsp;&nbsp; 261427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 10/15/35 (i) | 83000 | &nbsp;&nbsp;&nbsp; 80828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 04/15/50 | 100000 | &nbsp;&nbsp;&nbsp; 88355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 07/01/53 | 125000 | &nbsp;&nbsp;&nbsp; 120462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 09/15/62 | 121000 | &nbsp;&nbsp;&nbsp; 114943 |

---

**BHFTII-33**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Retail—(Continued)** | **Retail—(Continued)** | **Retail—(Continued)** |
| McDonald's Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 04/01/50 | 106000 | &nbsp;&nbsp;&nbsp; $83544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 05/26/45 | 313000 | &nbsp;&nbsp;&nbsp; 269787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 03/03/35 (i) | 216000 | &nbsp;&nbsp;&nbsp; 214869 |
| Michaels Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 03/15/33 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 97349 |
| Park River Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 12/31/30 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 92103 |
| Sonic Automotive, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 11/15/31 (144A) (i) | 100000 | &nbsp;&nbsp;&nbsp; 94783 |
| Starbucks Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 05/15/35 | 86000 | &nbsp;&nbsp;&nbsp; 87931 |
| Target Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/42 | 113000 | &nbsp;&nbsp;&nbsp; 93586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/15/34 | 116000 | &nbsp;&nbsp;&nbsp; 112927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 02/15/36 | 100000 | &nbsp;&nbsp;&nbsp; 101174 |
| Walmart, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 04/28/30 (i) | 311000 | &nbsp;&nbsp;&nbsp; 313985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/09/52 | 156000 | &nbsp;&nbsp;&nbsp; 134504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 04/28/35 | 165000 | &nbsp;&nbsp;&nbsp; 167306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/25/40 | 180000 | &nbsp;&nbsp;&nbsp; 181062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 04/15/38 | 100000 | &nbsp;&nbsp;&nbsp; 111361 |
|  |  | &nbsp;&nbsp;&nbsp; 4688377 |
| **Semiconductors — 0.3%** | **Semiconductors — 0.3%** | **Semiconductors — 0.3%** |
| Analog Devices, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.100%, 10/01/31 | 279000 | &nbsp;&nbsp;&nbsp; 246157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.450%, 06/15/27 | 157000 | &nbsp;&nbsp;&nbsp; 155653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/15/30 | 100000 | &nbsp;&nbsp;&nbsp; 100315 |
| Applied Materials, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 06/15/41 (i) | 85000 | &nbsp;&nbsp;&nbsp; 88676 |
| Broadcom, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.450%, 02/15/31 | 122000 | &nbsp;&nbsp;&nbsp; 110799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/15/41 | 177000 | &nbsp;&nbsp;&nbsp; 141212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/15/29 (144A) | 101000 | &nbsp;&nbsp;&nbsp; 99998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 10/15/34 | 760000 | &nbsp;&nbsp;&nbsp; 748491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 04/15/30 | 152000 | &nbsp;&nbsp;&nbsp; 154918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 11/15/31 | 452000 | &nbsp;&nbsp;&nbsp; 463674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 04/15/32 | 604000 | &nbsp;&nbsp;&nbsp; 618255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 07/15/35 | 100000 | &nbsp;&nbsp;&nbsp; 100780 |
| Entegris, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 04/15/29 (144A) (i) | 100000 | &nbsp;&nbsp;&nbsp; 98853 |
| Intel Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/12/31 | 100000 | &nbsp;&nbsp;&nbsp; 86527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 02/15/60 | 395000 | &nbsp;&nbsp;&nbsp; 218204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.150%, 05/11/27 | 267000 | &nbsp;&nbsp;&nbsp; 263202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.734%, 12/08/47 | 79000 | &nbsp;&nbsp;&nbsp; 55203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 08/05/27 | 100000 | &nbsp;&nbsp;&nbsp; 99155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 03/25/30 | 241000 | &nbsp;&nbsp;&nbsp; 233609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/15/32 | 100000 | &nbsp;&nbsp;&nbsp; 94185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 02/10/28 | 200000 | &nbsp;&nbsp;&nbsp; 201408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 07/29/45 | 100000 | &nbsp;&nbsp;&nbsp; 84313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 03/25/60 | 107000 | &nbsp;&nbsp;&nbsp; 86000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 08/05/62 | 143000 | &nbsp;&nbsp;&nbsp; 115599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 02/10/30 (i) | 105000 | &nbsp;&nbsp;&nbsp; 106346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 02/21/34 | 199000 | &nbsp;&nbsp;&nbsp; 198456 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Semiconductors—(Continued)** | **Semiconductors—(Continued)** | **Semiconductors—(Continued)** |
| Intel Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 02/10/43 | 131000 | &nbsp;&nbsp;&nbsp; $124036 |
| KLA Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 02/01/34 | 215000 | &nbsp;&nbsp;&nbsp; 213091 |
| Micron Technology, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 02/09/33 | 108000 | &nbsp;&nbsp;&nbsp; 115444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.050%, 11/01/35 | 117000 | &nbsp;&nbsp;&nbsp; 126248 |
| NVIDIA Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/40 | 161000 | &nbsp;&nbsp;&nbsp; 134056 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/11/31 | 100000 | &nbsp;&nbsp;&nbsp; 89762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 05/11/41 | 133000 | &nbsp;&nbsp;&nbsp; 97864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/15/33 | 100000 | &nbsp;&nbsp;&nbsp; 99523 |
| QUALCOMM, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 05/20/47 | 173000 | &nbsp;&nbsp;&nbsp; 140431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/20/30 (i) | 177000 | &nbsp;&nbsp;&nbsp; 178032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 05/20/35 | 135000 | &nbsp;&nbsp;&nbsp; 132944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/20/53 | 100000 | &nbsp;&nbsp;&nbsp; 101709 |
| Texas Instruments, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/23/30 | 192000 | &nbsp;&nbsp;&nbsp; 192884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/14/53 (i) | 178000 | &nbsp;&nbsp;&nbsp; 160559 |
|  |  | &nbsp;&nbsp;&nbsp; 6876571 |
| **Software — 1.2%** | **Software — 1.2%** | **Software — 1.2%** |
| Cloud Software Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 09/30/29 (144A) | 228000 | &nbsp;&nbsp;&nbsp; 219946 |
| Fair Isaac Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/15/28 (144A) (i) | 100000 | &nbsp;&nbsp;&nbsp; 97042 |
| Fidelity National Information Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 05/21/29 | 100000 | &nbsp;&nbsp;&nbsp; 97060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 03/10/28 | 46000 | &nbsp;&nbsp;&nbsp; 45871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 03/10/29 | 66000 | &nbsp;&nbsp;&nbsp; 65689 |
| Fiserv, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/29 | 384000 | &nbsp;&nbsp;&nbsp; 367797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 03/15/30 | 337000 | &nbsp;&nbsp;&nbsp; 333958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 03/02/28 | 100000 | &nbsp;&nbsp;&nbsp; 101420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 03/15/34 (i) | 109000 | &nbsp;&nbsp;&nbsp; 108458 |
| Intuit, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 09/15/33 | 123000 | &nbsp;&nbsp;&nbsp; 125133 |
| Microsoft Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.675%, 06/01/60 | 271000 | &nbsp;&nbsp;&nbsp; 151362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.921%, 03/17/52 | 2894000 | &nbsp;&nbsp;&nbsp; 1861213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.450%, 08/08/36 | 100000 | &nbsp;&nbsp;&nbsp; 90141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 08/08/46 (i) | 354000 | &nbsp;&nbsp;&nbsp; 279398 |
| MSCI, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 09/01/30 (144A) (i) | 1120000 | &nbsp;&nbsp;&nbsp; 1058622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 02/15/31 (144A) | 640000 | &nbsp;&nbsp;&nbsp; 604989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 03/15/36 | 591000 | &nbsp;&nbsp;&nbsp; 572432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 09/01/35 (i) | 200000 | &nbsp;&nbsp;&nbsp; 195911 |
| OAK-Eagle Acquireco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 07/01/33 (144A) | 53000 | &nbsp;&nbsp;&nbsp; 54913 |
| Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.800%, 04/01/27 | 100000 | &nbsp;&nbsp;&nbsp; 98284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 04/01/60 | 577000 | &nbsp;&nbsp;&nbsp; 339549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 05/15/35 (i) | 729000 | &nbsp;&nbsp;&nbsp; 617190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 03/25/61 | 902000 | &nbsp;&nbsp;&nbsp; 554644 |

---

**BHFTII-34**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Software—(Continued)** | **Software—(Continued)** | **Software—(Continued)** |
| Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 09/26/30 (i) | 337000 | &nbsp;&nbsp;&nbsp; $324761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 09/26/32 | 187000 | &nbsp;&nbsp;&nbsp; 178089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 02/04/31 (i) | 318000 | &nbsp;&nbsp;&nbsp; 311144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 02/03/32 | 261000 | &nbsp;&nbsp;&nbsp; 256343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/27/64 (i) | 1530000 | &nbsp;&nbsp;&nbsp; 1171690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 02/06/53 (i) | 795000 | &nbsp;&nbsp;&nbsp; 634299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 09/26/55 | 4727000 | &nbsp;&nbsp;&nbsp; 3976687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/03/55 (i) | 2096000 | &nbsp;&nbsp;&nbsp; 1757250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 09/26/65 | 1001000 | &nbsp;&nbsp;&nbsp; 830011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 08/03/65 | 520000 | &nbsp;&nbsp;&nbsp; 432570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/15/38 | 100000 | &nbsp;&nbsp;&nbsp; 100228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.550%, 02/04/46 | 794000 | &nbsp;&nbsp;&nbsp; 740767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 02/04/56 | 884000 | &nbsp;&nbsp;&nbsp; 820443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.850%, 02/04/66 | 116000 | &nbsp;&nbsp;&nbsp; 106641 |
| Roper Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 09/15/29 | 100000 | &nbsp;&nbsp;&nbsp; 94477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 09/15/30 | 148000 | &nbsp;&nbsp;&nbsp; 145749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 10/15/34 | 100000 | &nbsp;&nbsp;&nbsp; 96555 |
| Salesforce, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/15/28 | 1646000 | &nbsp;&nbsp;&nbsp; 1646424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 09/15/31 | 479000 | &nbsp;&nbsp;&nbsp; 478322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 03/15/33 | 3772000 | &nbsp;&nbsp;&nbsp; 3765558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 03/15/36 | 2174000 | &nbsp;&nbsp;&nbsp; 2167237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.400%, 03/15/46 | 118000 | &nbsp;&nbsp;&nbsp; 118817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.550%, 03/15/56 | 579000 | &nbsp;&nbsp;&nbsp; 581009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 03/15/66 | 579000 | &nbsp;&nbsp;&nbsp; 588503 |
| Synopsys, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 04/01/28 | 353000 | &nbsp;&nbsp;&nbsp; 354295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 04/01/30 (i) | 176000 | &nbsp;&nbsp;&nbsp; 177294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 04/01/35 | 111000 | &nbsp;&nbsp;&nbsp; 111212 |
|  |  | &nbsp;&nbsp;&nbsp; 30007397 |
| **Telecommunications — 0.6%** | **Telecommunications — 0.6%** | **Telecommunications — 0.6%** |
| AT&T, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 02/01/32 | 100000 | &nbsp;&nbsp;&nbsp; 87363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.550%, 12/01/33 | 360000 | &nbsp;&nbsp;&nbsp; 304645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/15/53 | 83000 | &nbsp;&nbsp;&nbsp; 54426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 06/01/60 | 158000 | &nbsp;&nbsp;&nbsp; 106304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 04/30/31 | 152000 | &nbsp;&nbsp;&nbsp; 150468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 04/30/36 | 393000 | &nbsp;&nbsp;&nbsp; 388285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 03/15/42 | 543000 | &nbsp;&nbsp;&nbsp; 496395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 09/01/40 | 202000 | &nbsp;&nbsp;&nbsp; 194522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 11/01/54 (i) | 1205000 | &nbsp;&nbsp;&nbsp; 1128277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/01/41 | 100000 | &nbsp;&nbsp;&nbsp; 105941 |
| Bell Telephone Co. of Canada or Bell Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 02/15/54 | 149000 | &nbsp;&nbsp;&nbsp; 139766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 5Y H15 + 2.390%, 09/15/55 (a) | 100000 | &nbsp;&nbsp;&nbsp; 101133 |
| Cipher Compute LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 11/15/30 (144A) | 31000 | &nbsp;&nbsp;&nbsp; 32117 |
| Cisco Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 02/24/28 (i) | 383000 | &nbsp;&nbsp;&nbsp; 386874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 02/26/31 | 100000 | &nbsp;&nbsp;&nbsp; 102453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 02/26/34 | 136000 | &nbsp;&nbsp;&nbsp; 137967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 02/24/35 (i) | 126000 | &nbsp;&nbsp;&nbsp; 127719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/15/40 (i) | 142000 | &nbsp;&nbsp;&nbsp; 144501 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Telecommunications—(Continued)** | **Telecommunications—(Continued)** | **Telecommunications—(Continued)** |
| Cisco Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/24/55 | 38000 | &nbsp;&nbsp;&nbsp; $36843 |
| Corning, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 03/15/42 | 100000 | &nbsp;&nbsp;&nbsp; 90646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 11/15/79 | 100000 | &nbsp;&nbsp;&nbsp; 89873 |
| Digicel Group Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 12/31/30 (144A) (g) | 145973 | &nbsp;&nbsp;&nbsp; 8758 |
| Fibercop SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 11/15/33 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 197624 |
| Frontier Communications Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/01/28 (144A) (i) | 1841000 | &nbsp;&nbsp;&nbsp; 1840712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 11/01/29 | 1267400 | &nbsp;&nbsp;&nbsp; 1275003 |
| Iliad Holding SAS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 04/15/31 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 209263 |
| Level 3 Financing, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 03/31/34 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 102359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 01/15/36 (144A) | 238000 | &nbsp;&nbsp;&nbsp; 248332 |
| Motorola Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 05/23/29 | 100000 | &nbsp;&nbsp;&nbsp; 100142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 06/01/32 | 138000 | &nbsp;&nbsp;&nbsp; 142930 |
| Orange SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 03/01/31 | 100000 | &nbsp;&nbsp;&nbsp; 118193 |
| Rogers Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/15/44 | 100000 | &nbsp;&nbsp;&nbsp; 87727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 10/01/43 | 70000 | &nbsp;&nbsp;&nbsp; 64907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 5Y H15 + 2.653%, 04/15/55 (a) | 100000 | &nbsp;&nbsp;&nbsp; 100394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 08/15/38 | 200000 | &nbsp;&nbsp;&nbsp; 228125 |
| Telecom Argentina SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 01/20/36 (144A) | 46906 | &nbsp;&nbsp;&nbsp; 46672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 05/28/33 (144A) | 129918 | &nbsp;&nbsp;&nbsp; 134402 |
| Telefonica Emisiones SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.213%, 03/08/47 | 150000 | &nbsp;&nbsp;&nbsp; 130251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.045%, 06/20/36 | 138000 | &nbsp;&nbsp;&nbsp; 152209 |
| Telefonica Europe BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 09/15/30 | 100000 | &nbsp;&nbsp;&nbsp; 113357 |
| T-Mobile USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 11/15/60 | 561000 | &nbsp;&nbsp;&nbsp; 364109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 04/15/40 | 154000 | &nbsp;&nbsp;&nbsp; 135368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/36 (i) | 100000 | &nbsp;&nbsp;&nbsp; 98492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/15/55 | 193000 | &nbsp;&nbsp;&nbsp; 177005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 01/15/34 | 148000 | &nbsp;&nbsp;&nbsp; 154335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 09/15/62 | 522000 | &nbsp;&nbsp;&nbsp; 500564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 12/15/33 | 54000 | &nbsp;&nbsp;&nbsp; 59461 |
| Turkcell Iletisim Hizmetleri AS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.650%, 01/24/32 | 200000 | &nbsp;&nbsp;&nbsp; 203574 |
| Uniti Services LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 10/15/33 (144A) | 19000 | &nbsp;&nbsp;&nbsp; 19753 |
| Verizon Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.550%, 03/21/31 | 100000 | &nbsp;&nbsp;&nbsp; 90787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 02/08/29 | 23000 | &nbsp;&nbsp;&nbsp; 22780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 03/01/52 | 259000 | &nbsp;&nbsp;&nbsp; 188839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/22/50 (i) | 214000 | &nbsp;&nbsp;&nbsp; 161589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/10/33 | 354000 | &nbsp;&nbsp;&nbsp; 343357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.522%, 09/15/48 | 476000 | &nbsp;&nbsp;&nbsp; 389124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.780%, 02/15/35 | 607000 | &nbsp;&nbsp;&nbsp; 587509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.862%, 08/21/46 (i) | 340000 | &nbsp;&nbsp;&nbsp; 296223 |

---

**BHFTII-35**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Telecommunications—(Continued)** | **Telecommunications—(Continued)** | **Telecommunications—(Continued)** |
| Verizon Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/30/65 | 200000 | &nbsp;&nbsp;&nbsp; $193748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.400%, 09/15/33 | 164000 | &nbsp;&nbsp;&nbsp; 177962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.550%, 09/15/43 | 240000 | &nbsp;&nbsp;&nbsp; 257176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 12/01/30 | 383000 | &nbsp;&nbsp;&nbsp; 431824 |
| Vmed O2 U.K. Financing I PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 07/15/31 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 172073 |
| Vodafone Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 09/17/50 | 273000 | &nbsp;&nbsp;&nbsp; 209670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 02/19/43 | 126000 | &nbsp;&nbsp;&nbsp; 105434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/30/38 | 91000 | &nbsp;&nbsp;&nbsp; 88860 |
| WOM Mobile SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.000%, 6.500% PIK, 04/01/31 (144A) (h) | 23233 | &nbsp;&nbsp;&nbsp; 23601 |
|  |  | &nbsp;&nbsp;&nbsp; 15161095 |
| **Transportation — 0.2%** | **Transportation — 0.2%** | **Transportation — 0.2%** |
| Burlington Northern Santa Fe LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 06/15/52 | 335000 | &nbsp;&nbsp;&nbsp; 206352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 06/15/47 | 100000 | &nbsp;&nbsp;&nbsp; 80506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 03/15/43 | 100000 | &nbsp;&nbsp;&nbsp; 87117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 01/15/53 | 104000 | &nbsp;&nbsp;&nbsp; 85587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 09/01/44 | 16000 | &nbsp;&nbsp;&nbsp; 13964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 04/01/44 (i) | 262000 | &nbsp;&nbsp;&nbsp; 240189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 08/15/36 | 100000 | &nbsp;&nbsp;&nbsp; 109045 |
| Canadian National Railway Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 03/12/31 | 100000 | &nbsp;&nbsp;&nbsp; 98627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 11/01/33 | 37000 | &nbsp;&nbsp;&nbsp; 39331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 08/01/34 | 110000 | &nbsp;&nbsp;&nbsp; 119721 |
| Canadian Pacific Railway Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.450%, 12/02/31 | 235000 | &nbsp;&nbsp;&nbsp; 208798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/02/41 | 155000 | &nbsp;&nbsp;&nbsp; 113913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/28 | 100000 | &nbsp;&nbsp;&nbsp; 99428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 03/30/30 | 100000 | &nbsp;&nbsp;&nbsp; 101224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 09/15/35 | 46000 | &nbsp;&nbsp;&nbsp; 45568 |
| CSX Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.400%, 02/15/30 | 100000 | &nbsp;&nbsp;&nbsp; 92953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.350%, 09/15/49 | 37000 | &nbsp;&nbsp;&nbsp; 25587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 05/01/50 | 100000 | &nbsp;&nbsp;&nbsp; 76768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 03/01/48 | 124000 | &nbsp;&nbsp;&nbsp; 101218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 05/30/42 | 339000 | &nbsp;&nbsp;&nbsp; 309637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/01/36 | 11000 | &nbsp;&nbsp;&nbsp; 11774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 05/01/37 | 24000 | &nbsp;&nbsp;&nbsp; 25964 |
| FedEx Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 08/05/29 | 116000 | &nbsp;&nbsp;&nbsp; 111317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 02/01/45 | 122000 | &nbsp;&nbsp;&nbsp; 95881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 11/15/45 | 147000 | &nbsp;&nbsp;&nbsp; 125545 |
| FedEx Freight Holding Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 03/15/31 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 98287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 03/15/33 (144A) | 180000 | &nbsp;&nbsp;&nbsp; 175554 |
| Norfolk Southern Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 08/01/28 | 205000 | &nbsp;&nbsp;&nbsp; 202930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.942%, 11/01/47 | 186000 | &nbsp;&nbsp;&nbsp; 142135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 05/01/35 | 100000 | &nbsp;&nbsp;&nbsp; 100292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 08/01/54 | 108000 | &nbsp;&nbsp;&nbsp; 100692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 03/15/34 | 160000 | &nbsp;&nbsp;&nbsp; 165850 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Transportation—(Continued)** | **Transportation—(Continued)** | **Transportation—(Continued)** |
| Union Pacific Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 05/20/31 | 100000 | &nbsp;&nbsp;&nbsp; $90622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 02/14/42 | 235000 | &nbsp;&nbsp;&nbsp; 181931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/14/53 | 100000 | &nbsp;&nbsp;&nbsp; 69591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.550%, 05/20/61 | 100000 | &nbsp;&nbsp;&nbsp; 65835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 03/01/29 | 100000 | &nbsp;&nbsp;&nbsp; 98670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.799%, 04/06/71 | 135000 | &nbsp;&nbsp;&nbsp; 90709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, 11/15/45 | 100000 | &nbsp;&nbsp;&nbsp; 80330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 05/15/53 | 263000 | &nbsp;&nbsp;&nbsp; 234462 |
|  |  | &nbsp;&nbsp;&nbsp; 4523904 |
| **Trucking & Leasing — 0.0%** | **Trucking & Leasing — 0.0%** | **Trucking & Leasing — 0.0%** |
| GATX Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.900%, 05/01/34 | 157000 | &nbsp;&nbsp;&nbsp; 172121 |
| **Water — 0.0%** | **Water — 0.0%** | **Water — 0.0%** |
| American Water Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.450%, 05/01/50 | 100000 | &nbsp;&nbsp;&nbsp; 69600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 09/01/48 | 100000 | &nbsp;&nbsp;&nbsp; 79485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 06/01/32 | 122000 | &nbsp;&nbsp;&nbsp; 120084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/01/35 | 100000 | &nbsp;&nbsp;&nbsp; 101608 |
| Thames Water Utilities Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/19/27 (GBP) | 400000 | &nbsp;&nbsp;&nbsp; 358340 |
|  |  | &nbsp;&nbsp;&nbsp; 729117 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $574,556,700) <br>|  | &nbsp;&nbsp;&nbsp; 566817715 |
| **U.S. Treasury & Government Agencies—21.0%** | **U.S. Treasury & Government Agencies—21.0%** | **U.S. Treasury & Government Agencies—21.0%** |
| **U.S. Treasury — 21.0%** | **U.S. Treasury — 21.0%** | **U.S. Treasury — 21.0%** |
| U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 05/15/40 | 6458000 | &nbsp;&nbsp;&nbsp; 4068036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 08/15/40 | 9628000 | &nbsp;&nbsp;&nbsp; 6002080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 11/15/40 | 9628000 | &nbsp;&nbsp;&nbsp; 6201786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 08/15/50 | 2681000 | &nbsp;&nbsp;&nbsp; 1310967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 11/15/50 | 3942300 | &nbsp;&nbsp;&nbsp; 2056926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 02/15/41 | 1431600 | &nbsp;&nbsp;&nbsp; 991774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 11/15/51 | 6549100 | &nbsp;&nbsp;&nbsp; 3597656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/15/51 | 2681000 | &nbsp;&nbsp;&nbsp; 1526390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 08/15/49 | 7927000 | &nbsp;&nbsp;&nbsp; 4930532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 05/15/51 | 5888700 | &nbsp;&nbsp;&nbsp; 3683888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/15/45 (m) | 15297000 | &nbsp;&nbsp;&nbsp; 10727619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 11/15/47 (n) | 13047000 | &nbsp;&nbsp;&nbsp; 9202722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/49 | 2681000 | &nbsp;&nbsp;&nbsp; 1906023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/15/47 | 6579700 | &nbsp;&nbsp;&nbsp; 4890054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/15/48 | 7276300 | &nbsp;&nbsp;&nbsp; 5365703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/15/49 | 10024800 | &nbsp;&nbsp;&nbsp; 7321628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/15/52 (m) | 14868800 | &nbsp;&nbsp;&nbsp; 10569626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 02/15/43 | 3443000 | &nbsp;&nbsp;&nbsp; 2756686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 08/15/44 | 6418100 | &nbsp;&nbsp;&nbsp; 5031439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 05/15/48 | 2681000 | &nbsp;&nbsp;&nbsp; 2017557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 08/15/43 | 9487000 | &nbsp;&nbsp;&nbsp; 8102120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 02/15/53 | 6526000 | &nbsp;&nbsp;&nbsp; 5237625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 05/15/53 | 7906500 | &nbsp;&nbsp;&nbsp; 6339716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 08/15/41 | 791000 | &nbsp;&nbsp;&nbsp; 705411 |

---

**BHFTII-36**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **U.S. Treasury—(Continued)** | **U.S. Treasury—(Continued)** | **U.S. Treasury—(Continued)** |
| U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 11/15/43 | 9487000 | &nbsp;&nbsp;&nbsp; $8220337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 08/15/44 | 3582800 | &nbsp;&nbsp;&nbsp; 3250551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 08/15/53 | 1956200 | &nbsp;&nbsp;&nbsp; 1715496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 05/15/39 (m) | 898000 | &nbsp;&nbsp;&nbsp; 871586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 08/15/54 | 852000 | &nbsp;&nbsp;&nbsp; 763073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 11/15/39 | 898000 | &nbsp;&nbsp;&nbsp; 875831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/15/39 (m) | 9665200 | &nbsp;&nbsp;&nbsp; 9573079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 11/15/44 | 4210000 | &nbsp;&nbsp;&nbsp; 4073668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 11/15/43 (d) (m) | 17575000 | &nbsp;&nbsp;&nbsp; 17363551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 11/15/53 (d) (m) (n) | 25704400 | &nbsp;&nbsp;&nbsp; 24992509 |
| U.S. Treasury Inflation-Indexed Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 04/15/30 (o) | 28879437 | &nbsp;&nbsp;&nbsp; 29166647 |
| U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.375%, 09/30/27 | 6320000 | &nbsp;&nbsp;&nbsp; 6003753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.500%, 05/31/27 | 13670000 | &nbsp;&nbsp;&nbsp; 13156841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.500%, 08/31/27 | 13446300 | &nbsp;&nbsp;&nbsp; 12832287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.625%, 07/31/26 | 14128300 | &nbsp;&nbsp;&nbsp; 13982712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 08/31/28 | 3030000 | &nbsp;&nbsp;&nbsp; 2842992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, 03/31/28 | 3772200 | &nbsp;&nbsp;&nbsp; 3587421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 02/15/30 | 4871000 | &nbsp;&nbsp;&nbsp; 4457346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 05/15/27 | 13530500 | &nbsp;&nbsp;&nbsp; 13318029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 03/31/29 | 3172300 | &nbsp;&nbsp;&nbsp; 3042558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 08/15/32 (m) | 12595000 | &nbsp;&nbsp;&nbsp; 11648899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 04/30/29 | 7545000 | &nbsp;&nbsp;&nbsp; 7335155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/32 | 1552500 | &nbsp;&nbsp;&nbsp; 1451951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 08/31/29 | 10516000 | &nbsp;&nbsp;&nbsp; 10268299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 06/30/29 | 5142600 | &nbsp;&nbsp;&nbsp; 5049190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/31/30 | 8144900 | &nbsp;&nbsp;&nbsp; 8031635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 05/31/28 | 7232700 | &nbsp;&nbsp;&nbsp; 7204165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 08/31/30 | 37062000 | &nbsp;&nbsp;&nbsp; 36607412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 09/30/31 (m) | 11385000 | &nbsp;&nbsp;&nbsp; 11169308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 12/31/28 | 8254000 | &nbsp;&nbsp;&nbsp; 8237556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 11/30/27 | 3100000 | &nbsp;&nbsp;&nbsp; 3101816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 03/15/28 | 20752000 | &nbsp;&nbsp;&nbsp; 20775508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/15/27 | 10412300 | &nbsp;&nbsp;&nbsp; 10432840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/28/30 | 5072000 | &nbsp;&nbsp;&nbsp; 5091218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/15/34 | 8864000 | &nbsp;&nbsp;&nbsp; 8743505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 02/28/27 | 13023600 | &nbsp;&nbsp;&nbsp; 13066130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 11/30/29 | 13329000 | &nbsp;&nbsp;&nbsp; 13439381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/15/27 | 1742300 | &nbsp;&nbsp;&nbsp; 1750712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 06/30/31 (m) | 10358100 | &nbsp;&nbsp;&nbsp; 10488790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 12/15/26 | 7323200 | &nbsp;&nbsp;&nbsp; 7354595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/15/26 | 12977300 | &nbsp;&nbsp;&nbsp; 13004532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/31/31 | 8705400 | &nbsp;&nbsp;&nbsp; 8912153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 10/31/30 | 8360900 | &nbsp;&nbsp;&nbsp; 8686518 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury & Government Agencies <br>(Cost $559,406,660) <br>|  | &nbsp;&nbsp;&nbsp; 520485499 |
| **Non-Agency Mortgage-Backed Securities—13.9%** | **Non-Agency Mortgage-Backed Securities—13.9%** | **Non-Agency Mortgage-Backed Securities—13.9%** |
| **Collateralized Mortgage Obligations — 6.6%** | **Collateralized Mortgage Obligations — 6.6%** | **Collateralized Mortgage Obligations — 6.6%** |
| A&D Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.912%, 02/25/71 (144A) (a) | 1550151 | &nbsp;&nbsp;&nbsp; 1535845 |
| Agate Bay Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.439%, 04/25/45 (144A) (a) | 150000 | &nbsp;&nbsp;&nbsp; 96043 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** |
| Agate Bay Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.465%, 06/25/45 (144A) (a) | 104000 | &nbsp;&nbsp;&nbsp; $63934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 01/25/45 (144A) (a) | 130000 | &nbsp;&nbsp;&nbsp; 84174 |
| Ajax Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 12/25/57 (144A) (a) | 1388 | &nbsp;&nbsp;&nbsp; 481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.740%, 12/25/60 (144A) (a) | 3049472 | &nbsp;&nbsp;&nbsp; 2668106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.693%, 12/25/60 (144A) (a) | 744000 | &nbsp;&nbsp;&nbsp; 565989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.940%, 12/25/60 (144A) (a) | 293000 | &nbsp;&nbsp;&nbsp; 208535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.729%, 12/25/60 (144A) (a) | 449000 | &nbsp;&nbsp;&nbsp; 312772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 06/25/61 (144A) (l) | 7023103 | &nbsp;&nbsp;&nbsp; 7025919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/25/60 (144A) (l) | 2131860 | &nbsp;&nbsp;&nbsp; 2132891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.115%, 01/25/61 (144A) (l) | 928915 | &nbsp;&nbsp;&nbsp; 929436 |
| American Home Mortgage Assets Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.799%, 12M MTA + 0.940%, 10/25/46 (a) | 284280 | &nbsp;&nbsp;&nbsp; 188983 |
| Angel Oak Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.985%, 04/25/66 (144A) (a) | 669010 | &nbsp;&nbsp;&nbsp; 579988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 11/25/67 (144A) (l) | 1443420 | &nbsp;&nbsp;&nbsp; 1435271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.637%, 02/25/70 (144A) (l) | 806867 | &nbsp;&nbsp;&nbsp; 810700 |
| Atlas Funding PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.284%, SONIA + 1.550%, 09/20/61 (GBP) (a) | 99899 | &nbsp;&nbsp;&nbsp; 132832 |
| Banc of America Alternative Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/25/33 | 450526 | &nbsp;&nbsp;&nbsp; 453440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.498%, 10/25/36 (l) | 231223 | &nbsp;&nbsp;&nbsp; 57047 |
| Barclays Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.696%, 12/25/65 (144A) (a) | 3842304 | &nbsp;&nbsp;&nbsp; 3790820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.640%, 05/25/65 (144A) (a) | 1648843 | &nbsp;&nbsp;&nbsp; 1655610 |
| Barclays Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/25/51 (144A) (l) | 1206435 | &nbsp;&nbsp;&nbsp; 1207019 |
| Braccan Mortgage Funding PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.085%, SONIA + 4.340%, 02/15/67 (GBP) (a) | 263149 | &nbsp;&nbsp;&nbsp; 350215 |
| BRAVO Residential Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.771%, 11/25/65 (144A) (l) | 240095 | &nbsp;&nbsp;&nbsp; 237776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.678%, 11/25/64 (144A) (l) | 989928 | &nbsp;&nbsp;&nbsp; 995171 |
| CFMT LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/25/34 (144A) (a) | 161000 | &nbsp;&nbsp;&nbsp; 155054 |
| Chase Mortgage Finance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.538%, 02/25/37 (a) | 1013778 | &nbsp;&nbsp;&nbsp; 1008799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/25/37 | 6235838 | &nbsp;&nbsp;&nbsp; 2411907 |
| CHL Mortgage Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.819%, 12M MTA + 0.960%, 04/25/46 (a) | 3102930 | &nbsp;&nbsp;&nbsp; 811224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 07/25/37 | 285772 | &nbsp;&nbsp;&nbsp; 125406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/25/37 | 804499 | &nbsp;&nbsp;&nbsp; 279131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/25/37 | 2804988 | &nbsp;&nbsp;&nbsp; 1083571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/25/37 | 5450498 | &nbsp;&nbsp;&nbsp; 2235069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/25/38 | 935565 | &nbsp;&nbsp;&nbsp; 378050 |
| Citadel PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.184%, SONIA + 1.450%, 04/28/60 (GBP) (a) | 100000 | &nbsp;&nbsp;&nbsp; 132860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.484%, SONIA + 1.750%, 04/28/60 (GBP) (a) | 100000 | &nbsp;&nbsp;&nbsp; 132873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.184%, SONIA + 2.450%, 04/28/60 (GBP) (a) | 100000 | &nbsp;&nbsp;&nbsp; 133623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.484%, SONIA + 3.750%, 04/28/60 (GBP) (a) | 100000 | &nbsp;&nbsp;&nbsp; 133800 |
| Citigroup Mortgage Loan Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.293%, 1M TSFR + 0.614%, 05/25/37 (a) | 230648 | &nbsp;&nbsp;&nbsp; 220964 |
| COLT Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.053%, 11/25/70 (144A) (a) | 859707 | &nbsp;&nbsp;&nbsp; 856891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.789%, 09/25/68 (144A) (a) | 2314000 | &nbsp;&nbsp;&nbsp; 2330123 |

---

**BHFTII-37**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Non-Agency Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** |
| Countrywide Alternative Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.980%, 1M TSFR + 0.304%, 03/20/47 (a) | 658968 | &nbsp;&nbsp;&nbsp; $576935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.073%, 1M TSFR + 0.394%, 04/25/47 (a) | 327231 | &nbsp;&nbsp;&nbsp; 300340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.080%, 1M TSFR + 0.404%, 12/20/46 (a) | 2902505 | &nbsp;&nbsp;&nbsp; 2632112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.143%, 1M TSFR + 0.464%, 06/25/35 (a) | 841501 | &nbsp;&nbsp;&nbsp; 744302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.173%, 1M TSFR + 0.494%, 10/25/46 (a) | 446430 | &nbsp;&nbsp;&nbsp; 424079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.190%, 1M TSFR + 0.514%, 07/20/46 (a) | 1004570 | &nbsp;&nbsp;&nbsp; 883409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 1M TSFR + 0.574%, 05/20/46 (a) | 1852269 | &nbsp;&nbsp;&nbsp; 1690425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.253%, 1M TSFR + 0.574%, 03/25/36 (a) | 137847 | &nbsp;&nbsp;&nbsp; 133158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.253%, 1M TSFR + 0.574%, 11/25/36 (a) | 516506 | &nbsp;&nbsp;&nbsp; 477789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.293%, 1M TSFR + 0.614%, 07/25/46 (a) | 1979989 | &nbsp;&nbsp;&nbsp; 1840622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.353%, 1M TSFR + 0.674%, 08/25/35 (a) | 3945595 | &nbsp;&nbsp;&nbsp; 3840552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/25/25 | 63042 | &nbsp;&nbsp;&nbsp; 49750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/25/37 | 500543 | &nbsp;&nbsp;&nbsp; 217324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.589%, 12M MTA + 1.730%, 11/25/46 (a) | 1322732 | &nbsp;&nbsp;&nbsp; 1121719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/25/36 | 1252848 | &nbsp;&nbsp;&nbsp; 436748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/25/37 | 89494 | &nbsp;&nbsp;&nbsp; 37858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/25/37 | 1938297 | &nbsp;&nbsp;&nbsp; 877701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/25/36 | 161741 | &nbsp;&nbsp;&nbsp; 74529 |
| Cross Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.003%, 11/25/70 (144A) (l) | 643702 | &nbsp;&nbsp;&nbsp; 640616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.735%, 02/25/70 (144A) (a) | 568466 | &nbsp;&nbsp;&nbsp; 571599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.132%, 01/25/71 (144A) (a) | 100000 | &nbsp;&nbsp;&nbsp; 96799 |
| CRSO Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.121%, 07/10/40 (a) | 5522122 | &nbsp;&nbsp;&nbsp; 5684418 |
| CSFB Mortgage-Backed Pass-Through Certificates |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.143%, 1M TSFR + 1.464%, 11/25/35 (a) | 407233 | &nbsp;&nbsp;&nbsp; 78280 |
| CSMC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.265%, 03/25/67 (144A) (a) | 560000 | &nbsp;&nbsp;&nbsp; 554265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.432%, 04/25/65 (144A) (a) | 215176 | &nbsp;&nbsp;&nbsp; 214218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.210%, 12/25/67 (144A) (a) | 1380793 | &nbsp;&nbsp;&nbsp; 1389681 |
| CSMC Trust Capital Certificates |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/27/37 (144A) | 2614474 | &nbsp;&nbsp;&nbsp; 973846 |
| Deephaven Residential Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.797%, 12/25/70 (144A) (a) | 2101627 | &nbsp;&nbsp;&nbsp; 2084612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.087%, 11/25/60 (144A) (a) | 771743 | &nbsp;&nbsp;&nbsp; 769517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 03/25/67 (144A) (a) | 1168585 | &nbsp;&nbsp;&nbsp; 1139233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.570%, 12/25/70 (144A) (a) | 100000 | &nbsp;&nbsp;&nbsp; 98560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.680%, 11/25/60 (144A) (a) | 110194 | &nbsp;&nbsp;&nbsp; 108727 |
| Deutsche Alt-A Securities, Inc. Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.133%, 1M TSFR + 0.454%, 08/25/47 (a) | 241757 | &nbsp;&nbsp;&nbsp; 223238 |
| Easy Street Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.606%, 10/25/40 (144A) (l) | 197000 | &nbsp;&nbsp;&nbsp; 197208 |
| EFMT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.001%, 12/25/70 (144A) (l) | 638576 | &nbsp;&nbsp;&nbsp; 634982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.033%, 11/25/70 (144A) (a) | 655090 | &nbsp;&nbsp;&nbsp; 651717 |
| Ellington Financial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.682%, 02/25/71 (144A) (a) | 2481053 | &nbsp;&nbsp;&nbsp; 2448593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.771%, 02/25/71 (144A) (a) | 3021338 | &nbsp;&nbsp;&nbsp; 2991934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.959%, 02/25/71 (144A) (l) | 269835 | &nbsp;&nbsp;&nbsp; 268110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.029%, 03/25/71 (144A) (a) | 5000000 | &nbsp;&nbsp;&nbsp; 4967840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.535%, 02/25/71 (144A) (a) | 100000 | &nbsp;&nbsp;&nbsp; 98897 |
| Exmoor Funding PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.645%, SONIA + 1.900%, 03/25/94 (GBP) (a) | 100000 | &nbsp;&nbsp;&nbsp; 133096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.545%, SONIA + 2.800%, 03/25/94 (GBP) (a) | 100000 | &nbsp;&nbsp;&nbsp; 133694 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** |
| Gaea Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 02/25/30 (144A) (a) | 182096 | &nbsp;&nbsp;&nbsp; $179204 |
| GCAT Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.093%, 08/25/66 (144A) (a) | 504117 | &nbsp;&nbsp;&nbsp; 426020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.471%, 05/25/66 (144A) (a) | 240000 | &nbsp;&nbsp;&nbsp; 180411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.789%, 12/25/70 (144A) (l) | 3947160 | &nbsp;&nbsp;&nbsp; 3907425 |
| GreenPoint Mortgage Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.972%, 12M MTA + 2.000%, 03/25/36 (a) | 78778 | &nbsp;&nbsp;&nbsp; 72613 |
| GS Mortgage-Backed Securities Corp. Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.355%, 11/25/49 (144A) (a) | 229757 | &nbsp;&nbsp;&nbsp; 208500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.021%, 11/25/29 (144A) (l) | 829149 | &nbsp;&nbsp;&nbsp; 826085 |
| GS Mortgage-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.725%, 05/25/66 (144A) (l) | 3532657 | &nbsp;&nbsp;&nbsp; 3500118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.869%, 03/25/66 (144A) (a) | 365255 | &nbsp;&nbsp;&nbsp; 363076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.013%, 07/25/65 (144A) (l) | 449874 | &nbsp;&nbsp;&nbsp; 447456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.038%, 01/25/66 (144A) (l) | 253834 | &nbsp;&nbsp;&nbsp; 253094 |
| GSR Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/25/37 | 316258 | &nbsp;&nbsp;&nbsp; 195447 |
| HarborView Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.201%, 1M TSFR + 0.524%, 12/19/36 (a) | 1001081 | &nbsp;&nbsp;&nbsp; 840525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.431%, 1M TSFR + 0.754%, 03/19/35 (a) | 127781 | &nbsp;&nbsp;&nbsp; 61128 |
| HOMES Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.027%, 09/25/70 (144A) (a) | 718868 | &nbsp;&nbsp;&nbsp; 715233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.791%, 09/25/70 (144A) (a) | 171000 | &nbsp;&nbsp;&nbsp; 169562 |
| Impac Secured Assets Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.133%, 1M TSFR + 0.454%, 11/25/36 (a) | 432011 | &nbsp;&nbsp;&nbsp; 400236 |
| IndyMac INDX Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.826%, 09/25/37 (a) | 596462 | &nbsp;&nbsp;&nbsp; 385114 |
| JP Morgan Alternative Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.213%, 1M TSFR + 0.534%, 03/25/37 (a) | 386140 | &nbsp;&nbsp;&nbsp; 324560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.667%, 05/25/37 (a) | 97843 | &nbsp;&nbsp;&nbsp; 85861 |
| JP Morgan Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.266%, 02/25/52 (144A) (a) (c) | 7516862 | &nbsp;&nbsp;&nbsp; 113423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.500%, 02/25/52 (144A) (a) (c) | 7517513 | &nbsp;&nbsp;&nbsp; 205607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/25/52 (144A) (a) | 5866326 | &nbsp;&nbsp;&nbsp; 4852765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.941%, 02/25/52 (144A) (a) | 117107 | &nbsp;&nbsp;&nbsp; 60431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.266%, 02/25/52 (144A) (a) | 900800 | &nbsp;&nbsp;&nbsp; 768544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.925%, 06/25/66 (144A) (l) | 899000 | &nbsp;&nbsp;&nbsp; 891388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 08/25/36 | 182325 | &nbsp;&nbsp;&nbsp; 58796 |
| Legacy Mortgage Asset Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 02/25/59 (144A) (a) | 399833 | &nbsp;&nbsp;&nbsp; 390861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 04/25/61 (144A) (l) | 2126507 | &nbsp;&nbsp;&nbsp; 2130222 |
| MASTR Resecuritization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.283%, 08/25/37 (144A) (a) | 199591 | &nbsp;&nbsp;&nbsp; 70968 |
| Merrill Lynch Mortgage Investors Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.113%, 1M TSFR + 0.434%, 09/25/37 (a) | 90152 | &nbsp;&nbsp;&nbsp; 44267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.447%, 05/25/36 (a) | 348685 | &nbsp;&nbsp;&nbsp; 222031 |
| MFA Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.514%, 04/25/65 (144A) (a) | 540000 | &nbsp;&nbsp;&nbsp; 453387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.051%, 02/25/71 (144A) (a) | 1995009 | &nbsp;&nbsp;&nbsp; 1981750 |
| Miltonia Mortgage Finance SRL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.338%, 3M EURIBOR + 1.300%, 04/28/62 (EUR) (a) | 258000 | &nbsp;&nbsp;&nbsp; 298489 |
| Morgan Stanley Resecuritization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.988%, 12M MTA + 0.710%, 12/27/46 (144A) (a) | 3176151 | &nbsp;&nbsp;&nbsp; 2912912 |
| Morgan Stanley Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.734%, 01/26/71 (144A) (a) | 850237 | &nbsp;&nbsp;&nbsp; 842055 |

---

**BHFTII-38**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Non-Agency Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** |
| Morgan Stanley Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.275%, 03/25/71 (144A) (l) | 3000000 | &nbsp;&nbsp;&nbsp; $2995503 |
| Mortgage Loan Resecuritization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.122%, 1M TSFR + 0.454%, 04/16/36 (144A) (a) | 396222 | &nbsp;&nbsp;&nbsp; 390626 |
| Mortimer PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.295%, SONIA + 1.550%, 09/22/67 (GBP) (a) | 100000 | &nbsp;&nbsp;&nbsp; 132524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.845%, SONIA + 2.100%, 09/22/67 (GBP) (a) | 100000 | &nbsp;&nbsp;&nbsp; 133370 |
| New Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 12/25/57 (144A) (a) | 130420 | &nbsp;&nbsp;&nbsp; 127738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.824%, 11/25/65 (144A) (a) | 388080 | &nbsp;&nbsp;&nbsp; 384492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.833%, 02/25/66 (144A) (a) | 4957210 | &nbsp;&nbsp;&nbsp; 4910297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.085%, 10/25/65 (144A) (a) | 1010613 | &nbsp;&nbsp;&nbsp; 1008117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.109%, 08/25/65 (144A) (a) | 423029 | &nbsp;&nbsp;&nbsp; 421560 |
| NLT Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.322%, 08/25/56 (144A) (a) | 1361000 | &nbsp;&nbsp;&nbsp; 1050650 |
| Nomura Asset Acceptance Corp. Alternative Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.134%, 05/25/36 (l) | 209347 | &nbsp;&nbsp;&nbsp; 35891 |
| NYMT Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.766%, 02/25/61 (144A) (a) | 2094742 | &nbsp;&nbsp;&nbsp; 2082175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.945%, 02/25/61 (144A) (l) | 495141 | &nbsp;&nbsp;&nbsp; 492917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.472%, 02/25/61 (144A) (a) | 450000 | &nbsp;&nbsp;&nbsp; 441589 |
| NYMT Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 05/25/64 (144A) (l) | 1312565 | &nbsp;&nbsp;&nbsp; 1304271 |
| OBX Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.648%, 12/01/64 (144A) (l) | 543855 | &nbsp;&nbsp;&nbsp; 546821 |
| PRKCM Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.677%, 02/25/61 (144A) (a) | 1292630 | &nbsp;&nbsp;&nbsp; 1279021 |
| PRPM Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.986%, 12/25/70 (144A) (a) | 726739 | &nbsp;&nbsp;&nbsp; 721930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.176%, 10/25/70 (144A) (l) | 643676 | &nbsp;&nbsp;&nbsp; 641875 |
| RALI Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.153%, 1M TSFR + 0.474%, 12/25/36 (a) | 323930 | &nbsp;&nbsp;&nbsp; 295801 |
| Reperforming Loan Trust REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.133%, 1M TSFR + 0.454%, 06/25/35 (144A) (a) | 98748 | &nbsp;&nbsp;&nbsp; 96169 |
| Residential Asset Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.657%, -1x 1M TSFR + 6.336%, 09/25/37 (a) (c) | 11384250 | &nbsp;&nbsp;&nbsp; 1461566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.343%, 1M TSFR + 0.664%, 09/25/37 (a) | 11384251 | &nbsp;&nbsp;&nbsp; 2774551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 12/25/36 | 3533627 | &nbsp;&nbsp;&nbsp; 2422957 |
| RFMSI Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.428%, 11/25/36 (a) | 23752 | &nbsp;&nbsp;&nbsp; 20151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.492%, 08/25/36 (a) | 679870 | &nbsp;&nbsp;&nbsp; 451411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.732%, 10/25/37 (a) | 518560 | &nbsp;&nbsp;&nbsp; 312197 |
| RMF Buyout Issuance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.690%, 11/25/31 (144A) (a) | 509000 | &nbsp;&nbsp;&nbsp; 486241 |
| Saluda Grade Alternative Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.762%, 04/25/30 (144A) (l) | 825000 | &nbsp;&nbsp;&nbsp; 824030 |
| Santander Mortgage Asset Receivable Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.138%, 11/25/65 (144A) (a) | 483850 | &nbsp;&nbsp;&nbsp; 482475 |
| Sequoia Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.382%, 07/20/37 (a) | 118148 | &nbsp;&nbsp;&nbsp; 90156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.674%, 04/25/56 (144A) (a) | 2500000 | &nbsp;&nbsp;&nbsp; 2437048 |
| SG Residential Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.160%, 07/25/61 (144A) (a) | 892878 | &nbsp;&nbsp;&nbsp; 751431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.782%, 01/25/66 (144A) (a) | 2094040 | &nbsp;&nbsp;&nbsp; 2074243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.098%, 12/25/65 (144A) (a) | 1144221 | &nbsp;&nbsp;&nbsp; 1140154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.231%, 12/25/65 (144A) | 1137000 | &nbsp;&nbsp;&nbsp; 1135274 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** |
| Starwood Mortgage Residential Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.175%, 05/25/65 (144A) (a) | 1360000 | &nbsp;&nbsp;&nbsp; $1257021 |
| Stratton Mortgage Funding PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.245%, SONIA + 1.500%, 06/25/49 (GBP) (a) | 100000 | &nbsp;&nbsp;&nbsp; 132373 |
| Structured Adjustable Rate Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.981%, 04/25/36 (a) | 157470 | &nbsp;&nbsp;&nbsp; 80266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.772%, 04/25/47 (a) | 499010 | &nbsp;&nbsp;&nbsp; 186537 |
| Structured Asset Mortgage Investments II Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.173%, 1M TSFR + 0.494%, 06/25/36 (a) | 668489 | &nbsp;&nbsp;&nbsp; 602676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.213%, 1M TSFR + 0.534%, 05/25/46 (a) | 114991 | &nbsp;&nbsp;&nbsp; 81437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.253%, 1M TSFR + 0.574%, 02/25/36 (a) | 390590 | &nbsp;&nbsp;&nbsp; 369193 |
| Verus Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.751%, 02/25/71 (144A) (l) | 950921 | &nbsp;&nbsp;&nbsp; 933417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.832%, 10/25/67 (144A) (a) | 396540 | &nbsp;&nbsp;&nbsp; 393052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.943%, 10/25/67 (144A) (l) | 611000 | &nbsp;&nbsp;&nbsp; 607941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.020%, 01/25/71 (144A) (l) | 251982 | &nbsp;&nbsp;&nbsp; 250763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.110%, 12/25/70 (144A) (l) | 413190 | &nbsp;&nbsp;&nbsp; 410399 |
| Visio Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.910%, 11/25/54 (144A) (a) | 169000 | &nbsp;&nbsp;&nbsp; 160845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.661%, 08/25/57 (144A) (a) | 171000 | &nbsp;&nbsp;&nbsp; 170285 |
| Vista Point Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 04/25/65 (144A) (a) | 100000 | &nbsp;&nbsp;&nbsp; 98349 |
| Voyager OPTONE Delaware Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.439%, 02/25/38 (144A) (a) (c) | 2762221 | &nbsp;&nbsp;&nbsp; 584140 |
| WaMu Mortgage Pass-Through Certificates Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.649%, 04/25/37 (a) | 3408699 | &nbsp;&nbsp;&nbsp; 3104309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.609%, 12M MTA + 0.750%, 06/25/47 (a) | 1165014 | &nbsp;&nbsp;&nbsp; 1005437 |
| &nbsp;&nbsp;&nbsp;&nbsp; Washington Mutual Mortgage Pass-Through Certificates <br> WMALT Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.069%, 10/25/36 (l) | 821802 | &nbsp;&nbsp;&nbsp; 282972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.313%, 1M TSFR + 0.634%, 12/25/35 (a) | 1521033 | &nbsp;&nbsp;&nbsp; 1345464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.413%, 1M TSFR + 0.734%, 06/25/37 (a) | 113306 | &nbsp;&nbsp;&nbsp; 110131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.559%, 12M MTA + 0.700%, 01/25/47 (a) | 1917450 | &nbsp;&nbsp;&nbsp; 1692228 |
| Winchester 1 PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.294%, SONIA + 1.550%, 10/21/56 (GBP) (a) | 100000 | &nbsp;&nbsp;&nbsp; 132164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.744%, SONIA + 2.000%, 10/21/56 (GBP) (a) | 100000 | &nbsp;&nbsp;&nbsp; 132361 |
|  |  | &nbsp;&nbsp;&nbsp; 163781920 |
| **Commercial Mortgage-Backed Securities — 7.3%** | **Commercial Mortgage-Backed Securities — 7.3%** | **Commercial Mortgage-Backed Securities — 7.3%** |
| 1211 Avenue of the Americas Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.142%, 08/10/35 (144A) (a) | 230000 | &nbsp;&nbsp;&nbsp; 206425 |
| 1345 Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.273%, 1M TSFR + 1.600%, 06/15/42 (144A) (a) | 1700000 | &nbsp;&nbsp;&nbsp; 1694687 |
| 245 Park Avenue Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.149%, 06/05/37 (144A) (a) (c) | 5000000 | &nbsp;&nbsp;&nbsp; 8595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.657%, 06/05/37 (144A) (a) | 207000 | &nbsp;&nbsp;&nbsp; 199888 |
| 280 Park Avenue Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.507%, 1M TSFR + 1.836%, 09/15/34 (144A) (a) | 500000 | &nbsp;&nbsp;&nbsp; 492500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.089%, 1M TSFR + 2.419%, 09/15/34 (144A) (a) | 2998451 | &nbsp;&nbsp;&nbsp; 2938482 |
| A10 Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.138%, 1M TSFR + 1.465%, 05/15/42 (144A) (a) | 1027000 | &nbsp;&nbsp;&nbsp; 1027090 |
| ACREC LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.990%, 1M TSFR + 1.310%, 08/18/42 (144A) (a) | 1870000 | &nbsp;&nbsp;&nbsp; 1869993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.130%, 1M TSFR + 1.450%, 01/18/43 (144A) (a) | 1000000 | &nbsp;&nbsp;&nbsp; 999437 |
| ALA Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.416%, 1M TSFR + 1.743%, 06/15/40 (144A) (a) | 825000 | &nbsp;&nbsp;&nbsp; 827062 |

---

**BHFTII-39**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Non-Agency Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** |
| Arbor Multifamily Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 05/15/53 (144A) | 126000 | &nbsp;&nbsp;&nbsp; $103447 |
| AREIT Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.228%, 1M TSFR + 1.550%, 07/25/43 (144A) (a) | 1307000 | &nbsp;&nbsp;&nbsp; 1309389 |
| ARES Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.923%, 1M TSFR + 1.250%, 02/15/43 (144A) (a) | 169000 | &nbsp;&nbsp;&nbsp; 168261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.116%, 1M TSFR + 1.443%, 10/15/34 (144A) (a) | 1120000 | &nbsp;&nbsp;&nbsp; 1120000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.364%, 1M TSFR + 1.692%, 07/15/41 (144A) (a) | 100000 | &nbsp;&nbsp;&nbsp; 100031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.900%, 1M TSFR + 3.250%, 03/15/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.611%, 1M TSFR + 3.938%, 07/15/41 (144A) (a) | 1500000 | &nbsp;&nbsp;&nbsp; 1497384 |
| Ashford Hospitality Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.945%, 1M TSFR + 2.272%, 04/15/35 (144A) (a) | 138000 | &nbsp;&nbsp;&nbsp; 136103 |
| Atrium Hotel Portfolio Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.920%, 1M TSFR + 2.247%, 12/15/36 (144A) (a) | 1041000 | &nbsp;&nbsp;&nbsp; 994155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.599%, 11/10/29 (144A) (a) | 100000 | &nbsp;&nbsp;&nbsp; 102710 |
| BAHA Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.574%, 12/10/41 (144A) (a) | 1450000 | &nbsp;&nbsp;&nbsp; 1479570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.015%, 12/10/41 (144A) (a) | 430000 | &nbsp;&nbsp;&nbsp; 442298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.314%, 12/10/41 (144A) (a) | 643000 | &nbsp;&nbsp;&nbsp; 670325 |
| BAMLL Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.523%, 1M TSFR + 1.850%, 02/15/42 (144A) (a) | 1435000 | &nbsp;&nbsp;&nbsp; 1428588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.923%, 1M TSFR + 5.250%, 02/15/42 (144A) (a) | 585000 | &nbsp;&nbsp;&nbsp; 583207 |
| Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.363%, 09/15/62 (a) (c) | 8619000 | &nbsp;&nbsp;&nbsp; 100486 |
| Bank of America Merrill Lynch Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.594%, 02/15/50 (a) (c) | 4070000 | &nbsp;&nbsp;&nbsp; 14039 |
| Bayview Commercial Asset Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.168%, 1M TSFR + 0.489%, 10/25/36 (144A) (a) | 41637 | &nbsp;&nbsp;&nbsp; 40350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.198%, 1M TSFR + 0.519%, 03/25/37 (144A) (a) | 75677 | &nbsp;&nbsp;&nbsp; 72566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.238%, 1M TSFR + 0.564%, 01/25/36 (144A) (a) | 39360 | &nbsp;&nbsp;&nbsp; 37662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.243%, 1M TSFR + 0.564%, 10/25/36 (144A) (a) | 42367 | &nbsp;&nbsp;&nbsp; 41038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.333%, 1M TSFR + 0.654%, 04/25/36 (144A) (a) | 42687 | &nbsp;&nbsp;&nbsp; 40557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.463%, 1M TSFR + 0.789%, 01/25/36 (144A) (a) | 29301 | &nbsp;&nbsp;&nbsp; 28107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.043%, 1M TSFR + 2.364%, 12/25/37 (144A) (a) | 614030 | &nbsp;&nbsp;&nbsp; 553196 |
| BBCMS Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.441%, 09/15/55 | 45000 | &nbsp;&nbsp;&nbsp; 43953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.592%, 1M TSFR + 0.919%, 03/15/37 (144A) (a) | 1770000 | &nbsp;&nbsp;&nbsp; 1677140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.297%, 12/15/58 | 19000 | &nbsp;&nbsp;&nbsp; 19270 |
| Benchmark Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.998%, 03/15/52 (a) (c) | 3202253 | &nbsp;&nbsp;&nbsp; 72847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.254%, 02/15/54 (a) (c) | 5016394 | &nbsp;&nbsp;&nbsp; 215790 |
| BFLD Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.674%, 10/10/42 (144A) (a) | 178000 | &nbsp;&nbsp;&nbsp; 176595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.173%, 1M TSFR + 1.500%, 11/15/42 (144A) (a) | 1810000 | &nbsp;&nbsp;&nbsp; 1807742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.423%, 1M TSFR + 2.750%, 11/15/42 (144A) (a) | 88000 | &nbsp;&nbsp;&nbsp; 87780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.913%, 10/10/42 (144A) (a) | 99000 | &nbsp;&nbsp;&nbsp; 100796 |
| BFLD Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.488%, 1M TSFR + 3.814%, 10/15/35 (144A) (a) | 663000 | &nbsp;&nbsp;&nbsp; 4979 |
| BHMS Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.523%, 1M TSFR + 1.850%, 08/15/42 (144A) (a) | 3750000 | &nbsp;&nbsp;&nbsp; 3752409 |
| BMP Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.062%, 1M TSFR + 3.389%, 06/15/41 (144A) (a) | 382000 | &nbsp;&nbsp;&nbsp; 380568 |
| BOCA Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.273%, 1M TSFR + 1.600%, 12/15/42 (144A) (a) | 1390000 | &nbsp;&nbsp;&nbsp; 1390869 |
| BPR Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.617%, 11/05/42 (144A) (a) | 340000 | &nbsp;&nbsp;&nbsp; 337106 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** |
| BPR Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.497%, 12/05/39 (144A) | 1000000 | &nbsp;&nbsp;&nbsp; $1024153 |
| BRCK Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.476%, 12/10/42 (144A) (a) | 412000 | &nbsp;&nbsp;&nbsp; 407912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.779%, 12/10/42 (144A) (a) | 768000 | &nbsp;&nbsp;&nbsp; 775752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.587%, 12/10/42 (144A) (a) | 395000 | &nbsp;&nbsp;&nbsp; 401935 |
| BRES Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.166%, 1M TSFR + 1.494%, 11/15/42 (144A) (a) | 1017000 | &nbsp;&nbsp;&nbsp; 1014615 |
| BWAY Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.446%, 03/10/33 (144A) | 1745000 | &nbsp;&nbsp;&nbsp; 1595243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.454%, 03/10/33 (144A) | 1116321 | &nbsp;&nbsp;&nbsp; 1072298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.633%, 03/10/33 (144A) | 600000 | &nbsp;&nbsp;&nbsp; 536321 |
| BX Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.843%, 03/09/44 (144A) (a) | 1658472 | &nbsp;&nbsp;&nbsp; 1535832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.965%, 1M TSFR + 1.293%, 12/15/39 (144A) (a) | 548888 | &nbsp;&nbsp;&nbsp; 548888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.073%, 1M TSFR + 1.400%, 11/15/42 (144A) (a) | 2929923 | &nbsp;&nbsp;&nbsp; 2930835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.114%, 1M TSFR + 1.442%, 02/15/39 (144A) (a) | 194800 | &nbsp;&nbsp;&nbsp; 194739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.115%, 1M TSFR + 1.442%, 02/15/39 (144A) (a) | 1301070 | &nbsp;&nbsp;&nbsp; 1302551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.116%, 1M TSFR + 1.443%, 04/15/40 (144A) (a) | 1048078 | &nbsp;&nbsp;&nbsp; 1048241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.214%, 1M TSFR + 1.541%, 05/15/34 (144A) (a) | 611944 | &nbsp;&nbsp;&nbsp; 611944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.314%, 1M TSFR + 1.641%, 05/15/41 (144A) (a) | 1633248 | &nbsp;&nbsp;&nbsp; 1633248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.364%, 1M TSFR + 1.691%, 08/15/41 (144A) (a) | 304405 | &nbsp;&nbsp;&nbsp; 304691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.373%, 1M TSFR + 1.700%, 03/15/45 (144A) (a) | 1393000 | &nbsp;&nbsp;&nbsp; 1386257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.558%, 1M TSFR + 2.880%, 10/15/41 (144A) (a) | 1240000 | &nbsp;&nbsp;&nbsp; 1236900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.673%, 1M TSFR + 3.000%, 03/15/43 (144A) (a) | 425000 | &nbsp;&nbsp;&nbsp; 422351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.812%, 1M TSFR + 3.140%, 02/15/39 (144A) (a) | 2725214 | &nbsp;&nbsp;&nbsp; 2732027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.073%, 1M TSFR + 3.400%, 11/15/42 (144A) (a) | 304997 | &nbsp;&nbsp;&nbsp; 304901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.605%, 1M TSFR + 3.927%, 10/15/41 (144A) (a) | 142000 | &nbsp;&nbsp;&nbsp; 141113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.861%, 1M TSFR + 4.188%, 02/15/39 (144A) (a) | 1614350 | &nbsp;&nbsp;&nbsp; 1611309 |
| BX Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.944%, 12/09/41 (144A) (a) | 1743000 | &nbsp;&nbsp;&nbsp; 1647727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.838%, 1M TSFR + 1.164%, 02/15/36 (144A) (a) | 162000 | &nbsp;&nbsp;&nbsp; 161899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.023%, 1M TSFR + 1.350%, 10/15/42 (144A) (a) | 431000 | &nbsp;&nbsp;&nbsp; 429922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.031%, 12/13/42 (144A) (a) | 615000 | &nbsp;&nbsp;&nbsp; 618238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.073%, 1M TSFR + 1.400%, 06/15/35 (144A) (a) | 155000 | &nbsp;&nbsp;&nbsp; 155000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.116%, 1M TSFR + 1.443%, 03/15/42 (144A) (a) | 530000 | &nbsp;&nbsp;&nbsp; 526356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.164%, 1M TSFR + 1.491%, 06/15/41 (144A) (a) | 3033000 | &nbsp;&nbsp;&nbsp; 3014044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.214%, 1M TSFR + 1.541%, 06/15/37 (144A) (a) | 1877885 | &nbsp;&nbsp;&nbsp; 1876711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.373%, 1M TSFR + 1.700%, 12/15/44 (144A) (a) | 1389000 | &nbsp;&nbsp;&nbsp; 1384659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.884%, 06/13/47 (144A) (a) | 100000 | &nbsp;&nbsp;&nbsp; 100287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.438%, 1M TSFR + 2.764%, 02/15/36 (144A) (a) | 1742188 | &nbsp;&nbsp;&nbsp; 1737833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.562%, 1M TSFR + 2.889%, 06/15/41 (144A) (a) | 460000 | &nbsp;&nbsp;&nbsp; 451401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.614%, 1M TSFR + 2.941%, 03/15/30 (144A) (a) | 1375206 | &nbsp;&nbsp;&nbsp; 1370049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.038%, 1M TSFR + 3.364%, 02/15/36 (144A) (a) | 893170 | &nbsp;&nbsp;&nbsp; 890380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.610%, 1M TSFR + 3.938%, 06/15/41 (144A) (a) | 1180000 | &nbsp;&nbsp;&nbsp; 1167755 |
| BXP Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.776%, 01/15/44 (144A) (a) | 327000 | &nbsp;&nbsp;&nbsp; 267620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.552%, 08/13/37 (144A) (a) | 260000 | &nbsp;&nbsp;&nbsp; 216509 |
| Cassia SRL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.524%, 3M EURIBOR + 2.500%, 05/22/34 (144A) <br> (EUR) (a)<br>| 1203614 | &nbsp;&nbsp;&nbsp; 1397945 |
| CD Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.631%, 02/10/50 | 350000 | &nbsp;&nbsp;&nbsp; 342424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.956%, 08/15/50 (a) | 363000 | &nbsp;&nbsp;&nbsp; 352652 |
| CFCRE Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.572%, 05/10/58 (a) (c) | 2370000 | &nbsp;&nbsp;&nbsp; 36 |

---

**BHFTII-40**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Non-Agency Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** |
| CFK Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.637%, 01/15/39 (144A) (a) | 728000 | &nbsp;&nbsp;&nbsp; $695779 |
| CFSP Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/15/37 | 1096848 | &nbsp;&nbsp;&nbsp; 1049810 |
| CHI Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.102%, 12/13/40 (144A) (a) | 737000 | &nbsp;&nbsp;&nbsp; 732023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.629%, 12/13/40 (144A) (a) | 546000 | &nbsp;&nbsp;&nbsp; 533979 |
| CIP Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.073%, 1M TSFR + 1.400%, 10/15/37 (144A) (a) | 2396000 | &nbsp;&nbsp;&nbsp; 2394502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.423%, 1M TSFR + 3.750%, 10/15/37 (144A) (a) | 909000 | &nbsp;&nbsp;&nbsp; 905591 |
| Citigroup Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.801%, 11/10/42 (144A) (a) (c) | 7730000 | &nbsp;&nbsp;&nbsp; 243626 |
| COMM Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.179%, 10/10/36 (144A) (a) | 140636 | &nbsp;&nbsp;&nbsp; 107794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.514%, 1M TSFR + 1.841%, 06/15/41 (144A) (a) | 1220000 | &nbsp;&nbsp;&nbsp; 1215803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.263%, 1M TSFR + 2.590%, 06/15/41 (144A) (a) | 367000 | &nbsp;&nbsp;&nbsp; 365738 |
| CSAIL Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.233%, 11/15/50 (a) (c) | 3940000 | &nbsp;&nbsp;&nbsp; 18232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.525%, 09/15/52 (a) (c) | 4150000 | &nbsp;&nbsp;&nbsp; 65435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.309%, 09/15/52 (a) (c) | 2746133 | &nbsp;&nbsp;&nbsp; 91872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.526%, 06/15/52 (a) (c) | 6657162 | &nbsp;&nbsp;&nbsp; 256385 |
| CSMC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.613%, 11/10/32 (144A) (a) | 301000 | &nbsp;&nbsp;&nbsp; 88789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.113%, 1M TSFR + 3.440%, 02/15/27 (144A) (a) | 415000 | &nbsp;&nbsp;&nbsp; 410440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.150%, 1M TSFR + 5.476%, 10/15/37 (144A) (a) | 423000 | &nbsp;&nbsp;&nbsp; 383873 |
| CSTL Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.561%, 11/10/42 (144A) (a) | 280000 | &nbsp;&nbsp;&nbsp; 275274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.629%, 11/10/42 (144A) (a) | 340000 | &nbsp;&nbsp;&nbsp; 334284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.343%, 02/10/43 (144A) (a) | 2200000 | &nbsp;&nbsp;&nbsp; 2173039 |
| DBC Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.023%, 1M TSFR + 1.350%, 11/15/42 (144A) (a) | 4995000 | &nbsp;&nbsp;&nbsp; 4991884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.723%, 1M TSFR + 2.050%, 11/15/42 (144A) (a) | 602000 | &nbsp;&nbsp;&nbsp; 599744 |
| DBJPM Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.000%, 06/10/50 (a) (c) | 2060000 | &nbsp;&nbsp;&nbsp; 18165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.276%, 05/10/49 | 36186 | &nbsp;&nbsp;&nbsp; 36130 |
| DBSG Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.946%, 06/10/37 (144A) (a) | 374607 | &nbsp;&nbsp;&nbsp; 378114 |
| DGWD Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.273%, 1M TSFR + 1.600%, 08/15/35 (144A) (a) | 861000 | &nbsp;&nbsp;&nbsp; 861677 |
| DK Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.271%, 1M TSFR + 1.593%, 08/15/37 (144A) (a) | 672000 | &nbsp;&nbsp;&nbsp; 672000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.569%, 1M TSFR + 2.891%, 08/15/37 (144A) (a) | 132000 | &nbsp;&nbsp;&nbsp; 132000 |
| ELM Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.219%, 06/10/39 (144A) (a) (c) | 7464000 | &nbsp;&nbsp;&nbsp; 2936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.457%, 06/10/39 (144A) (a) (c) | 6760000 | &nbsp;&nbsp;&nbsp; 17690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.414%, 06/10/39 (144A) (a) | 1420000 | &nbsp;&nbsp;&nbsp; 1422800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.267%, 06/10/39 (144A) (a) | 924000 | &nbsp;&nbsp;&nbsp; 924950 |
| Fontainebleau Miami Beach Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.123%, 1M TSFR + 1.450%, 12/15/39 (144A) (a) | 1285419 | &nbsp;&nbsp;&nbsp; 1285017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.323%, 1M TSFR + 5.650%, 12/15/39 (144A) (a) | 297000 | &nbsp;&nbsp;&nbsp; 299419 |
| FS Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.023%, 1M TSFR + 1.350%, 02/15/41 (144A) (a) | 1980000 | &nbsp;&nbsp;&nbsp; 1976287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.128%, 1M TSFR + 1.450%, 03/15/41 (144A) (a) | 740000 | &nbsp;&nbsp;&nbsp; 739769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.923%, 1M TSFR + 3.250%, 02/15/41 (144A) (a) | 671000 | &nbsp;&nbsp;&nbsp; 669903 |
| GGP Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.670%, 03/05/43 (144A) (a) | 486000 | &nbsp;&nbsp;&nbsp; 480099 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** |
| GS Mortgage Securities Corp. Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.856%, 05/10/34 (144A) | 602464 | &nbsp;&nbsp;&nbsp; $544170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.483%, 09/10/37 (144A) (a) | 500000 | &nbsp;&nbsp;&nbsp; 472538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.764%, 1M TSFR + 2.091%, 03/15/28 (144A) (a) | 130000 | &nbsp;&nbsp;&nbsp; 130366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.330%, 1M TSFR + 2.650%, 11/25/41 (144A) (a) | 877000 | &nbsp;&nbsp;&nbsp; 876075 |
| GS Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.654%, 12/12/53 (144A) (a) (c) | 2920147 | &nbsp;&nbsp;&nbsp; 168785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.803%, 11/10/52 (a) | 60000 | &nbsp;&nbsp;&nbsp; 54071 |
| GWT Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.364%, 1M TSFR + 1.691%, 05/15/41 (144A) (a) | 1862000 | &nbsp;&nbsp;&nbsp; 1862000 |
| HIH Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.515%, 1M TSFR + 1.842%, 10/15/41 (144A) (a) | 694452 | &nbsp;&nbsp;&nbsp; 694452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.313%, 1M TSFR + 3.640%, 10/15/41 (144A) (a) | 166668 | &nbsp;&nbsp;&nbsp; 166668 |
| HILT Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.214%, 1M TSFR + 1.541%, 05/15/37 (144A) (a) | 1946000 | &nbsp;&nbsp;&nbsp; 1944784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.113%, 1M TSFR + 2.440%, 05/15/37 (144A) (a) | 1203000 | &nbsp;&nbsp;&nbsp; 1202248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.861%, 1M TSFR + 3.189%, 05/15/37 (144A) (a) | 815000 | &nbsp;&nbsp;&nbsp; 814491 |
| HLTN Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.314%, 1M TSFR + 1.642%, 06/15/41 (144A) (a) | 2918633 | &nbsp;&nbsp;&nbsp; 2918633 |
| HTL Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.260%, 05/10/39 (144A) (a) | 3379000 | &nbsp;&nbsp;&nbsp; 3434205 |
| Hudson Yards Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.943%, 12/10/41 (144A) (a) | 662050 | &nbsp;&nbsp;&nbsp; 568506 |
| INT Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.554%, 11/05/37 (144A) (a) | 434000 | &nbsp;&nbsp;&nbsp; 432545 |
| JP Morgan Chase Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.016%, 04/15/46 (a) (c) | 1964236 | &nbsp;&nbsp;&nbsp; 1024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.750%, 08/15/49 (144A) (a) (c) | 5300000 | &nbsp;&nbsp;&nbsp; 6951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.930%, 1M TSFR + 1.257%, 06/15/35 (144A) (a) | 116290 | &nbsp;&nbsp;&nbsp; 75591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.880%, 1M TSFR + 2.207%, 07/15/36 (144A) (a) | 275071 | &nbsp;&nbsp;&nbsp; 189799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.462%, 1M TSFR + 3.790%, 04/15/37 (144A) (a) | 767388 | &nbsp;&nbsp;&nbsp; 748247 |
| JPMBB Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.405%, 09/15/47 (a) (c) | 60931 | &nbsp;&nbsp;&nbsp; 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.304%, 12/15/48 (144A) (a) | 150000 | &nbsp;&nbsp;&nbsp; 131252 |
| JPMDB Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.750%, 12/15/49 (144A) (a) (c) | 2067000 | &nbsp;&nbsp;&nbsp; 5368 |
| JW Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.294%, 1M TSFR + 1.621%, 06/15/39 (144A) (a) | 1410000 | &nbsp;&nbsp;&nbsp; 1410000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.861%, 1M TSFR + 3.189%, 06/15/39 (144A) (a) | 310000 | &nbsp;&nbsp;&nbsp; 309225 |
| KSL Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.215%, 1M TSFR + 1.542%, 12/15/39 (144A) (a) | 5676114 | &nbsp;&nbsp;&nbsp; 5665471 |
| Lehman Brothers Small Balance Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.243%, 1M TSFR + 0.564%, 09/25/36 (144A) (a) | 125017 | &nbsp;&nbsp;&nbsp; 118792 |
| LEX Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.874%, 10/13/33 (144A) (a) | 1711000 | &nbsp;&nbsp;&nbsp; 1703765 |
| LEX Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.023%, 1M TSFR + 1.350%, 03/15/43 (144A) (a) | 443000 | &nbsp;&nbsp;&nbsp; 441062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.373%, 1M TSFR + 3.700%, 03/15/43 (144A) (a) | 2575000 | &nbsp;&nbsp;&nbsp; 2553492 |
| LQR Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.273%, 1M TSFR + 1.600%, 01/15/43 (a) | 260000 | &nbsp;&nbsp;&nbsp; 258220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.623%, 1M TSFR + 3.950%, 01/15/43 (a) | 772000 | &nbsp;&nbsp;&nbsp; 771286 |
| LSTAR Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.869%, 03/10/50 (144A) (a) (c) | 541551 | &nbsp;&nbsp;&nbsp; 2138 |
| MAC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.373%, 1M TSFR + 1.700%, 10/15/40 (144A) (a) | 980000 | &nbsp;&nbsp;&nbsp; 977551 |

---

**BHFTII-41**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Non-Agency Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** |
| MAIN Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.373%, 1M TSFR + 1.700%, 01/15/41 (144A) (a) | 1000000 | &nbsp;&nbsp;&nbsp; $999387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.673%, 1M TSFR + 2.000%, 01/15/41 (144A) (a) | 500000 | &nbsp;&nbsp;&nbsp; 499693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.123%, 1M TSFR + 2.450%, 01/15/41 (144A) (a) | 150000 | &nbsp;&nbsp;&nbsp; 149907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.823%, 1M TSFR + 3.150%, 01/15/41 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.923%, 1M TSFR + 4.250%, 01/15/41 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.923%, 1M TSFR + 5.250%, 01/15/41 (144A) (a) | 500000 | &nbsp;&nbsp;&nbsp; 499384 |
| MCR Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.920%, 06/12/39 (144A) (c) | 2421000 | &nbsp;&nbsp;&nbsp; 14544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.924%, 06/12/39 (144A) | 520000 | &nbsp;&nbsp;&nbsp; 523704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.327%, 1M TSFR + 4.654%, 02/15/37 (144A) (a) | 350476 | &nbsp;&nbsp;&nbsp; 346648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.725%, 06/12/39 (144A) | 322000 | &nbsp;&nbsp;&nbsp; 322971 |
| MHC Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.888%, 1M TSFR + 2.215%, 04/15/38 (144A) (a) | 10289 | &nbsp;&nbsp;&nbsp; 10283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.388%, 1M TSFR + 2.715%, 04/15/38 (144A) (a) | 154400 | &nbsp;&nbsp;&nbsp; 154304 |
| Morgan Stanley Bank of America Merrill Lynch Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.061%, 12/15/47 (144A) † (a) (c) | 1810000 | &nbsp;&nbsp;&nbsp; 18 |
| Morgan Stanley Capital I Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.973%, 03/15/52 (a) (c) | 2149648 | &nbsp;&nbsp;&nbsp; 50994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.121%, 06/15/50 (144A) (a) (c) | 1190000 | &nbsp;&nbsp;&nbsp; 26528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/15/52 (144A) | 97000 | &nbsp;&nbsp;&nbsp; 79976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.061%, 12/15/50 (a) | 4067000 | &nbsp;&nbsp;&nbsp; 3945685 |
| MSWF Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.921%, 12/15/56 (a) (c) | 8033155 | &nbsp;&nbsp;&nbsp; 433172 |
| Natixis Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.404%, 06/17/38 (144A) | 265000 | &nbsp;&nbsp;&nbsp; 259643 |
| NCMF Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.529%, 06/10/33 (144A) (a) | 3500000 | &nbsp;&nbsp;&nbsp; 3519053 |
| NJ Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.481%, 01/06/29 (144A) (a) | 350000 | &nbsp;&nbsp;&nbsp; 362712 |
| NRTH Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.066%, 1M TSFR + 1.393%, 10/15/40 (144A) (a) | 1300000 | &nbsp;&nbsp;&nbsp; 1298782 |
| NYC Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.668%, 11/05/38 (144A) (a) | 1067000 | &nbsp;&nbsp;&nbsp; 1062490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.416%, 1M TSFR + 1.743%, 10/15/40 (144A) (a) | 1593000 | &nbsp;&nbsp;&nbsp; 1593498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.388%, 07/13/42 (144A) (a) | 120000 | &nbsp;&nbsp;&nbsp; 120502 |
| NYC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.790%, 01/10/38 (144A) (a) | 1525000 | &nbsp;&nbsp;&nbsp; 1512791 |
| NYCT Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.511%, 1M TSFR + 3.838%, 08/15/29 (144A) (a) | 198000 | &nbsp;&nbsp;&nbsp; 197938 |
| Olympic Tower Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.379%, 05/10/39 (144A) (a) (c) | 13300000 | &nbsp;&nbsp;&nbsp; 34573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.945%, 05/10/39 (144A) (a) | 1049000 | &nbsp;&nbsp;&nbsp; 931775 |
| One Bryant Park Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.516%, 09/15/54 (144A) | 128000 | &nbsp;&nbsp;&nbsp; 118264 |
| One Market Plaza Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 02/10/32 (144A) (a) (c) | 17538712 | &nbsp;&nbsp;&nbsp; 175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.090%, 02/10/32 (144A) (a) (c) | 3507742 | &nbsp;&nbsp;&nbsp; 4753 |
| One New York Plaza Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.538%, 1M TSFR + 2.864%, 01/15/36 (144A) (a) | 160000 | &nbsp;&nbsp;&nbsp; 148000 |
| ORL Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.165%, 1M TSFR + 1.493%, 12/15/39 (144A) (a) | 2560000 | &nbsp;&nbsp;&nbsp; 2560000 |
| PENN Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.508%, 08/10/42 (144A) (a) | 244000 | &nbsp;&nbsp;&nbsp; 253109 |
| PGA Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.563%, 1M TSFR + 1.891%, 06/15/39 (144A) (a) | 1527000 | &nbsp;&nbsp;&nbsp; 1521751 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** |
| PLYM Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.823%, 1M TSFR + 2.150%, 03/15/43 (144A) (a) | 324000 | &nbsp;&nbsp;&nbsp; $320774 |
| PRM5 Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/10/33 (144A) (a) | 262000 | &nbsp;&nbsp;&nbsp; 259819 |
| ROCK Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.388%, 11/13/41 (144A) | 1116274 | &nbsp;&nbsp;&nbsp; 1134791 |
| SCG Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.823%, 1M TSFR + 2.150%, 03/15/35 (144A) (a) | 100000 | &nbsp;&nbsp;&nbsp; 99875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.623%, 1M TSFR + 2.950%, 03/15/35 (144A) (a) | 581000 | &nbsp;&nbsp;&nbsp; 581644 |
| SCG Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.414%, 1M TSFR + 1.741%, 04/15/41 (144A) (a) | 2258000 | &nbsp;&nbsp;&nbsp; 2257998 |
| SHR Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.273%, 1M TSFR + 3.600%, 10/15/41 (144A) (a) | 255000 | &nbsp;&nbsp;&nbsp; 254364 |
| SLG Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.451%, 02/15/39 (144A) (a) | 901000 | &nbsp;&nbsp;&nbsp; 893598 |
| SLG Office Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.956%, 04/15/41 (144A) (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1001953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.922%, 04/15/41 (144A) (a) | 1500000 | &nbsp;&nbsp;&nbsp; 1503829 |
| SREIT Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.406%, 1M TSFR + 2.733%, 11/15/36 (144A) (a) | 342700 | &nbsp;&nbsp;&nbsp; 342486 |
| TCO Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.915%, 1M TSFR + 1.243%, 12/15/39 (144A) (a) | 1329000 | &nbsp;&nbsp;&nbsp; 1326923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.413%, 1M TSFR + 2.741%, 12/15/39 (144A) (a) | 100000 | &nbsp;&nbsp;&nbsp; 99875 |
| Thunder Logistics DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.049%, 3M EURIBOR + 2.050%, 11/17/36 (EUR) (a) | 62708 | &nbsp;&nbsp;&nbsp; 72516 |
| TYSN Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.580%, 12/10/33 (144A) (a) | 320000 | &nbsp;&nbsp;&nbsp; 332551 |
| U.K. Logistics DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.395%, SONIA + 1.650%, 05/17/34 (GBP) (a) | 123198 | &nbsp;&nbsp;&nbsp; 163049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.745%, SONIA + 4.000%, 05/17/35 (GBP) (a) | 576455 | &nbsp;&nbsp;&nbsp; 760594 |
| UBS Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.977%, 12/15/52 (a) (c) | 6677228 | &nbsp;&nbsp;&nbsp; 172574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.436%, 10/15/52 (a) (c) | 3893926 | &nbsp;&nbsp;&nbsp; 158994 |
| UNIV Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.323%, 1M TSFR + 1.650%, 11/15/42 (144A) (a) | 1838000 | &nbsp;&nbsp;&nbsp; 1831544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.923%, 1M TSFR + 2.250%, 11/15/42 (144A) (a) | 143000 | &nbsp;&nbsp;&nbsp; 142500 |
| VEGAS Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.217%, 07/10/36 (144A) (a) | 2388000 | &nbsp;&nbsp;&nbsp; 2390898 |
| Velocity Commercial Capital Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.520%, 12/26/51 (144A) (a) | 1893901 | &nbsp;&nbsp;&nbsp; 1709824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.980%, 02/25/50 (144A) (a) | 84181 | &nbsp;&nbsp;&nbsp; 68242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.240%, 11/25/47 (144A) (a) | 66639 | &nbsp;&nbsp;&nbsp; 62665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.480%, 12/26/51 (144A) (a) | 208323 | &nbsp;&nbsp;&nbsp; 169889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/25/47 (144A) (a) | 39173 | &nbsp;&nbsp;&nbsp; 35596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 02/25/56 (144A) (a) | 1255010 | &nbsp;&nbsp;&nbsp; 1237423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.728%, 04/25/52 (144A) (a) | 356703 | &nbsp;&nbsp;&nbsp; 322038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 12/25/55 (144A) (a) | 195238 | &nbsp;&nbsp;&nbsp; 192386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.330%, 02/25/55 (144A) (a) | 313598 | &nbsp;&nbsp;&nbsp; 316213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.639%, 01/25/53 (144A) (a) | 192881 | &nbsp;&nbsp;&nbsp; 183184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.150%, 02/25/55 (144A) | 108573 | &nbsp;&nbsp;&nbsp; 109376 |
| VRTX Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.487%, 08/05/42 (144A) (a) | 970000 | &nbsp;&nbsp;&nbsp; 964623 |
| Wells Fargo Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.091%, 07/15/43 (144A) (a) (c) | 5050000 | &nbsp;&nbsp;&nbsp; 39062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.390%, 05/15/52 (a) (c) | 4510931 | &nbsp;&nbsp;&nbsp; 143654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.413%, 08/15/49 (144A) (a) (c) | 1430000 | &nbsp;&nbsp;&nbsp; 7550 |

---

**BHFTII-42**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Non-Agency Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** |
| Wells Fargo Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.954%, 07/15/35 (144A) (a) | 421000 | &nbsp;&nbsp;&nbsp; $422794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.215%, 07/15/43 (144A) | 640000 | &nbsp;&nbsp;&nbsp; 656294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.432%, 07/15/43 (144A) | 407000 | &nbsp;&nbsp;&nbsp; 414017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.082%, 07/15/43 (144A) | 170000 | &nbsp;&nbsp;&nbsp; 171480 |
|  |  | &nbsp;&nbsp;&nbsp; 181419452 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Non-Agency Mortgage-Backed Securities <br>(Cost $359,660,528) <br>|  | &nbsp;&nbsp;&nbsp; 345201372 |
| **Asset-Backed Securities—12.0%** | **Asset-Backed Securities—12.0%** | **Asset-Backed Securities—12.0%** |
| **Asset-Backed - Automobile — 0.2%** | **Asset-Backed - Automobile — 0.2%** | **Asset-Backed - Automobile — 0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed European Securitisation Transaction Twenty-<br> Three SARL<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.520%, 1M EURIBOR + 1.600%, 03/21/34 (EUR) (a) | 79087 | &nbsp;&nbsp;&nbsp; 92049 |
| Auto ABS Italian Stella Loans SRL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.607%, 1M EURIBOR + 1.700%, 12/29/36 (EUR) (a) | 65696 | &nbsp;&nbsp;&nbsp; 76425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.207%, 1M EURIBOR + 2.300%, 12/29/36 (EUR) (a) | 65697 | &nbsp;&nbsp;&nbsp; 76639 |
| Auto1 Car Funding SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.440%, 1M EURIBOR + 3.500%, 12/15/33 (EUR) (a) | 100000 | &nbsp;&nbsp;&nbsp; 118759 |
| Cardiff Auto Receivables Securitisation PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.634%, SONIA + 1.900%, 08/20/31 (GBP) (a) | 259000 | &nbsp;&nbsp;&nbsp; 344356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.334%, SONIA + 2.600%, 08/20/31 (GBP) (a) | 197000 | &nbsp;&nbsp;&nbsp; 262553 |
| Dowson PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.684%, SONIA + 3.950%, 08/20/31 (GBP) (a) | 500000 | &nbsp;&nbsp;&nbsp; 660839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.684%, SONIA + 6.950%, 08/20/31 (GBP) (a) | 500000 | &nbsp;&nbsp;&nbsp; 655237 |
| Hill FL BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.908%, 1M EURIBOR + 1.950%, 10/18/32 (EUR) (a) | 80128 | &nbsp;&nbsp;&nbsp; 91693 |
| Huntington Bank Auto Credit-Linked Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.873%, SOFR30A + 1.200%, 09/20/33 (144A) (a) | 284923 | &nbsp;&nbsp;&nbsp; 285692 |
| Pony SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.140%, 1M EURIBOR + 1.200%, 01/14/33 (EUR) (a) | 81976 | &nbsp;&nbsp;&nbsp; 94881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.590%, 1M EURIBOR + 1.650%, 01/14/33 (EUR) (a) | 81976 | &nbsp;&nbsp;&nbsp; 95257 |
| Truist Bank Auto Credit-Linked Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.728%, 09/26/33 (144A) | 568214 | &nbsp;&nbsp;&nbsp; 568043 |
|  |  | &nbsp;&nbsp;&nbsp; 3422423 |
| **Asset-Backed - Credit Card — 0.0%** | **Asset-Backed - Credit Card — 0.0%** | **Asset-Backed - Credit Card — 0.0%** |
| Newday Funding Master Issuer PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.134%, SONIA + 1.400%, 07/15/32 (GBP) (a) | 100000 | &nbsp;&nbsp;&nbsp; 132900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.634%, SONIA + 1.900%, 07/15/32 (GBP) (a) | 111000 | &nbsp;&nbsp;&nbsp; 147305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.384%, SONIA + 2.650%, 07/15/32 (GBP) (a) | 246000 | &nbsp;&nbsp;&nbsp; 328164 |
| &nbsp;&nbsp;&nbsp;&nbsp; TAGUS-Sociedade de Titularizacao de Creditos SA/Vasco <br> Finance No. 2<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.747%, 1M EURIBOR + 1.800%, 10/27/42 (EUR) (a) | 66720 | &nbsp;&nbsp;&nbsp; 77503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.947%, 1M EURIBOR + 4.000%, 10/27/42 (EUR) (a) | 66721 | &nbsp;&nbsp;&nbsp; 77896 |
|  |  | &nbsp;&nbsp;&nbsp; 763768 |
| **Asset-Backed - Home Equity — 1.3%** | **Asset-Backed - Home Equity — 1.3%** | **Asset-Backed - Home Equity — 1.3%** |
| Ace Securities Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 08/15/30 | 17090 | &nbsp;&nbsp;&nbsp; 16816 |
| ACE Securities Corp. Home Equity Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.053%, 1M TSFR + 0.374%, 05/25/37 (a) | 955327 | &nbsp;&nbsp;&nbsp; 139323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.483%, 1M TSFR + 0.804%, 08/25/35 (a) | 213447 | &nbsp;&nbsp;&nbsp; 190443 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Home Equity—(Continued)** | **Asset-Backed - Home Equity—(Continued)** | **Asset-Backed - Home Equity—(Continued)** |
| ACE Securities Corp. Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.930%, 02/25/38 (144A) (l) | 74173 | &nbsp;&nbsp;&nbsp; $64210 |
| Argent Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.273%, 1M TSFR + 0.594%, 05/25/35 (a) | 1446588 | &nbsp;&nbsp;&nbsp; 1227318 |
| Argent Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.093%, 1M TSFR + 0.414%, 07/25/36 (a) | 518660 | &nbsp;&nbsp;&nbsp; 138124 |
| Barclays Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.845%, 01/25/56 (144A) (l) | 971009 | &nbsp;&nbsp;&nbsp; 961526 |
| Bayview Financial Revolving Asset Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.788%, 1M TSFR + 1.114%, 12/28/40 (144A) (a) | 67272 | &nbsp;&nbsp;&nbsp; 73252 |
| Bear Stearns Asset-Backed Securities I Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.273%, 1M TSFR + 0.594%, 06/25/36 (a) | 390033 | &nbsp;&nbsp;&nbsp; 386837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.493%, 1M TSFR + 0.814%, 04/25/37 (a) | 2804837 | &nbsp;&nbsp;&nbsp; 2692944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.518%, 1M TSFR + 1.839%, 08/25/34 (a) | 1726 | &nbsp;&nbsp;&nbsp; 1708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 12/25/35 (l) | 1066881 | &nbsp;&nbsp;&nbsp; 1062796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 02/25/36 (l) | 1327436 | &nbsp;&nbsp;&nbsp; 1378467 |
| Bear Stearns Asset-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.353%, 1M TSFR + 0.674%, 04/25/36 (a) | 2049700 | &nbsp;&nbsp;&nbsp; 2066973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.184%, 1M TSFR + 5.364%, 06/25/35 (a) | 2142000 | &nbsp;&nbsp;&nbsp; 2201094 |
| Bear Stearns Structured Products Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.793%, 1M TSFR + 2.114%, 03/25/37 (144A) (a) | 134177 | &nbsp;&nbsp;&nbsp; 133895 |
| Citigroup Mortgage Loan Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.993%, 1M TSFR + 0.314%, 05/25/37 (a) | 1460748 | &nbsp;&nbsp;&nbsp; 996439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.063%, 1M TSFR + 0.384%, 05/25/37 (a) | 663536 | &nbsp;&nbsp;&nbsp; 452830 |
| Cross Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.296%, 11/25/60 (144A) (l) | 145735 | &nbsp;&nbsp;&nbsp; 145416 |
| CWABS Asset-Backed Certificates Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.168%, 1M TSFR + 0.489%, 06/25/37 (a) | 894583 | &nbsp;&nbsp;&nbsp; 868026 |
| CWHEQ Home Equity Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.155%, 06/25/35 | 22960 | &nbsp;&nbsp;&nbsp; 35960 |
| Deephaven Residential Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.224%, 10/25/55 (144A) (l) | 395785 | &nbsp;&nbsp;&nbsp; 395235 |
| FIGRE Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 11/25/55 (144A) (a) | 392964 | &nbsp;&nbsp;&nbsp; 390394 |
| GS Mortgage-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.899%, 05/25/56 (144A) (l) | 2123727 | &nbsp;&nbsp;&nbsp; 2105152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.272%, 05/25/56 (144A) (l) | 496032 | &nbsp;&nbsp;&nbsp; 491841 |
| GSAA Home Equity Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.772%, 11/25/36 (a) | 152340 | &nbsp;&nbsp;&nbsp; 40340 |
| Home Equity Mortgage Loan Asset-Backed Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.881%, 1M TSFR + 2.139%, 07/25/34 (a) | 82060 | &nbsp;&nbsp;&nbsp; 79731 |
| Home Equity Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.867%, 07/25/36 (l) | 441030 | &nbsp;&nbsp;&nbsp; 36740 |
| Irwin Home Equity Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.530%, 09/25/37 (144A) (l) | 3610 | &nbsp;&nbsp;&nbsp; 3607 |
| JP Morgan Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.959%, 06/25/56 (144A) (l) | 912151 | &nbsp;&nbsp;&nbsp; 904846 |
| MASTR Asset-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.313%, 1M TSFR + 0.634%, 06/25/36 (144A) (a) | 271556 | &nbsp;&nbsp;&nbsp; 257216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.353%, 1M TSFR + 0.674%, 05/25/37 (a) | 621846 | &nbsp;&nbsp;&nbsp; 539004 |
| Morgan Stanley Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.463%, 01/25/47 (l) | 3014818 | &nbsp;&nbsp;&nbsp; 1025987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.512%, 10/25/36 (l) | 263536 | &nbsp;&nbsp;&nbsp; 54663 |
| Option One Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.003%, 1M TSFR + 0.324%, 03/25/37 (a) | 930000 | &nbsp;&nbsp;&nbsp; 803631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.860%, 01/25/37 (l) | 16674 | &nbsp;&nbsp;&nbsp; 16375 |

---

**BHFTII-43**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Asset-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Home Equity—(Continued)** | **Asset-Backed - Home Equity—(Continued)** | **Asset-Backed - Home Equity—(Continued)** |
| Option One Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.866%, 01/25/37 (l) | 1970357 | &nbsp;&nbsp;&nbsp; $1697004 |
| RCKT Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.005%, 04/25/44 (144A) (a) | 1647000 | &nbsp;&nbsp;&nbsp; 1678568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.582%, 04/25/44 (144A) (a) | 116000 | &nbsp;&nbsp;&nbsp; 119690 |
| Vista Point Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.035%, 02/25/56 (144A) (l) | 4620868 | &nbsp;&nbsp;&nbsp; 4576350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.226%, 02/25/56 (144A) (l) | 860500 | &nbsp;&nbsp;&nbsp; 847801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.297%, 11/25/55 (144A) (l) | 306143 | &nbsp;&nbsp;&nbsp; 305076 |
| Yale Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.193%, 1M TSFR + 0.514%, 06/25/37 (144A) (a) | 667796 | &nbsp;&nbsp;&nbsp; 202964 |
|  |  | &nbsp;&nbsp;&nbsp; 31806612 |
| **Asset-Backed - Manufactured Housing — 0.3%** | **Asset-Backed - Manufactured Housing — 0.3%** | **Asset-Backed - Manufactured Housing — 0.3%** |
| BankAmerica Manufactured Housing Contract Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.070%, 02/10/22 (a) | 470000 | &nbsp;&nbsp;&nbsp; 26630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.174%, 11/10/28 (a) | 4000000 | &nbsp;&nbsp;&nbsp; 259868 |
| BCMSC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.575%, 06/15/30 (a) | 1270292 | &nbsp;&nbsp;&nbsp; 67758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.830%, 06/15/30 (a) | 1178847 | &nbsp;&nbsp;&nbsp; 64933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.290%, 06/15/30 (a) | 850435 | &nbsp;&nbsp;&nbsp; 49595 |
| Cascade MH Asset Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/25/44 (144A) (a) | 1249918 | &nbsp;&nbsp;&nbsp; 1200775 |
| Conseco Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.830%, 04/01/30 (a) | 701664 | &nbsp;&nbsp;&nbsp; 712088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 03/01/30 (a) | 341442 | &nbsp;&nbsp;&nbsp; 79020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.860%, 03/01/30 (a) | 318830 | &nbsp;&nbsp;&nbsp; 77142 |
| Conseco Finance Securitizations Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.960%, 05/01/31 | 878314 | &nbsp;&nbsp;&nbsp; 148839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.060%, 09/01/29 (a) | 586391 | &nbsp;&nbsp;&nbsp; 66062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.200%, 05/01/31 | 1604918 | &nbsp;&nbsp;&nbsp; 280169 |
| Credit Suisse First Boston Mortgage Securities Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.100%, 09/25/31 (a) | 164011 | &nbsp;&nbsp;&nbsp; 166023 |
| Credit-Based Asset Servicing & Securitization LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 10/25/36 (144A) (l) | 3893606 | &nbsp;&nbsp;&nbsp; 3283982 |
| GreenPoint Manufactured Housing |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.230%, 12/15/29 (a) | 194210 | &nbsp;&nbsp;&nbsp; 193649 |
| Lehman ABS Manufactured Housing Contract Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.630%, 04/15/40 (a) | 155392 | &nbsp;&nbsp;&nbsp; 156307 |
| Oakwood Mortgage Investors, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.930%, 09/15/31 (a) | 133207 | &nbsp;&nbsp;&nbsp; 48370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.620%, 06/15/32 (a) | 501333 | &nbsp;&nbsp;&nbsp; 506440 |
| Origen Manufactured Housing Contract Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.987%, 1M TSFR + 1.314%, 10/15/37 (144A) (a) | 11564 | &nbsp;&nbsp;&nbsp; 11548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.820%, 03/15/32 (a) | 128942 | &nbsp;&nbsp;&nbsp; 129258 |
|  |  | &nbsp;&nbsp;&nbsp; 7528456 |
| **Asset-Backed - Other — 9.3%** | **Asset-Backed - Other — 9.3%** | **Asset-Backed - Other — 9.3%** |
| AB BSL CLO 3 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.918%, 3M TSFR + 1.250%, 04/20/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249575 |
| Affirm Asset Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.560%, 10/15/30 (144A) | 154000 | &nbsp;&nbsp;&nbsp; 153886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.930%, 10/15/30 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 100134 |
| Affirm Master Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.370%, 02/15/34 (144A) | 984000 | &nbsp;&nbsp;&nbsp; 980051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.670%, 04/16/35 (144A) | 781000 | &nbsp;&nbsp;&nbsp; 780913 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| AGL CLO 13 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.318%, 3M TSFR + 1.650%, 10/20/34 (144A) (a) | 340000 | &nbsp;&nbsp;&nbsp; $339415 |
| AGL CLO 20 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.038%, 3M TSFR + 1.370%, 10/20/37 (144A) (a) | 430000 | &nbsp;&nbsp;&nbsp; 430187 |
| AGL CLO 21 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.030%, 3M TSFR + 1.360%, 10/21/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250002 |
| AGL CLO 42 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.969%, 3M TSFR + 1.300%, 07/22/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250050 |
| AGL CLO 6 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.948%, 3M TSFR + 1.280%, 04/20/38 (144A) (a) | 750000 | &nbsp;&nbsp;&nbsp; 750122 |
| AGL Core CLO 2 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.128%, 3M TSFR + 1.460%, 07/20/37 (144A) (a) | 950000 | &nbsp;&nbsp;&nbsp; 950132 |
| AGL Core CLO 4 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.048%, 3M TSFR + 1.380%, 10/20/37 (144A) (a) | 860000 | &nbsp;&nbsp;&nbsp; 859977 |
| AIMCO CLO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.978%, 3M TSFR + 1.310%, 10/17/37 (144A) (a) | 470000 | &nbsp;&nbsp;&nbsp; 470166 |
| AIMCO CLO 11 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.008%, 3M TSFR + 1.340%, 07/17/37 (144A) (a) | 320000 | &nbsp;&nbsp;&nbsp; 320173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.318%, 3M TSFR + 1.650%, 07/17/37 (144A) (a) | 330000 | &nbsp;&nbsp;&nbsp; 329991 |
| AIMCO CLO 18 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.028%, 3M TSFR + 1.360%, 07/20/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250076 |
| AIMCO CLO 21 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.588%, 3M TSFR + 1.920%, 04/18/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249936 |
| AMMC CLO 27 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.748%, 3M TSFR + 1.080%, 01/20/37 (144A) (a) | 1340000 | &nbsp;&nbsp;&nbsp; 1338408 |
| Anchorage Capital CLO 15 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.078%, 3M TSFR + 1.410%, 07/20/38 (144A) (a) | 800000 | &nbsp;&nbsp;&nbsp; 800542 |
| Anchorage Capital CLO 17 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.902%, 3M TSFR + 1.230%, 02/15/38 (144A) (a) | 1890000 | &nbsp;&nbsp;&nbsp; 1885453 |
| Anchorage Capital CLO 18 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.084%, 3M TSFR + 1.412%, 04/15/34 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249883 |
| Anchorage Capital CLO 34 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.943%, 3M TSFR + 1.270%, 01/15/39 (144A) (a) | 530000 | &nbsp;&nbsp;&nbsp; 529677 |
| Anchorage Capital CLO 6 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.469%, 3M TSFR + 1.800%, 07/22/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250331 |
| Anchorage Capital CLO 7 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.231%, 3M TSFR + 1.560%, 04/28/37 (144A) (a) | 830000 | &nbsp;&nbsp;&nbsp; 830132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.721%, 3M TSFR + 2.050%, 04/28/37 (144A) (a) | 1480000 | &nbsp;&nbsp;&nbsp; 1481144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.471%, 3M TSFR + 3.800%, 04/28/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250169 |
| Apidos CLO LV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.932%, 3M TSFR + 1.210%, 01/20/39 (144A) (a) | 420000 | &nbsp;&nbsp;&nbsp; 418846 |
| Apidos CLO XLVI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.113%, 3M TSFR + 1.200%, 10/24/38 (144A) (a) | 260000 | &nbsp;&nbsp;&nbsp; 259578 |
| AREIT Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.359%, 1M TSFR + 1.686%, 05/17/41 (144A) (a) | 590548 | &nbsp;&nbsp;&nbsp; 590618 |
| ARES Direct Lending CLO 6 LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.201%, 3M TSFR + 1.450%, 10/16/37 (144A) (a) | 560000 | &nbsp;&nbsp;&nbsp; 558505 |
| ARES European CLO XII DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.726%, 3M EURIBOR + 1.700%, 04/20/32 (144A) <br> (EUR) (a)<br>| 297000 | &nbsp;&nbsp;&nbsp; 342508 |
| ARES LIX CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.960%, 3M TSFR + 1.292%, 04/25/34 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249936 |
| ARES Loan Funding I Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.837%, 3M TSFR + 1.170%, 04/15/39 (144A) (a) | 390000 | &nbsp;&nbsp;&nbsp; 388697 |
| ARES Loan Funding III Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.938%, 3M TSFR + 1.270%, 07/25/36 (144A) (a) | 615000 | &nbsp;&nbsp;&nbsp; 614500 |

---

**BHFTII-44**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Asset-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| ARES Loan Funding VIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.918%, 3M TSFR + 1.250%, 01/24/38 (144A) (a) | 780000 | &nbsp;&nbsp;&nbsp; $778830 |
| ARES LXIII CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.982%, 3M TSFR + 1.310%, 10/15/38 (144A) (a) | 410000 | &nbsp;&nbsp;&nbsp; 410055 |
| ARES LXXIX CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.873%, 3M TSFR + 1.190%, 04/20/39 (144A) (a) | 470000 | &nbsp;&nbsp;&nbsp; 468701 |
| ARES XLI CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.004%, 3M TSFR + 1.332%, 04/15/34 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249791 |
| ARES XLIV CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.422%, 3M TSFR + 2.750%, 04/15/34 (144A) (a) | 320000 | &nbsp;&nbsp;&nbsp; 308385 |
| Arini U.S. CLO IV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.931%, 3M TSFR + 1.260%, 01/15/39 (144A) (a) | 1000000 | &nbsp;&nbsp;&nbsp; 996731 |
| Asimi Funding PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.484%, SONIA + 1.750%, 05/16/32 (GBP) (a) | 65826 | &nbsp;&nbsp;&nbsp; 87265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.684%, SONIA + 1.950%, 09/16/31 (GBP) (a) | 54589 | &nbsp;&nbsp;&nbsp; 72328 |
| Atlas Senior Loan Fund XX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.818%, 3M TSFR + 1.150%, 10/19/37 (144A) (a) | 125000 | &nbsp;&nbsp;&nbsp; 125003 |
| Avoca CLO XXII DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.316%, 3M EURIBOR + 1.300%, 04/15/35 (EUR) (a) | 150000 | &nbsp;&nbsp;&nbsp; 171987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.916%, 3M EURIBOR + 2.900%, 04/15/35 (144A) <br> (EUR) (a)<br>| 250000 | &nbsp;&nbsp;&nbsp; 285767 |
| Bain Capital Credit CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.118%, 3M TSFR + 1.450%, 10/17/32 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.192%, 3M TSFR + 1.520%, 07/15/37 (144A) (a) | 1170000 | &nbsp;&nbsp;&nbsp; 1170353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.218%, 3M TSFR + 1.550%, 07/19/31 (144A) (a) | 500000 | &nbsp;&nbsp;&nbsp; 499751 |
| Ballyrock CLO 15 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.002%, 3M TSFR + 1.330%, 01/15/38 (144A) (a) | 1010000 | &nbsp;&nbsp;&nbsp; 1009508 |
| Ballyrock CLO 20 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.322%, 3M TSFR + 1.650%, 10/15/36 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 247951 |
| Ballyrock CLO 27 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.018%, 3M TSFR + 1.350%, 10/25/37 (144A) (a) | 750000 | &nbsp;&nbsp;&nbsp; 750065 |
| Ballyrock CLO 32 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.879%, 3M TSFR + 1.210%, 01/25/39 (144A) (a) | 560000 | &nbsp;&nbsp;&nbsp; 559747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.469%, 3M TSFR + 1.800%, 01/25/39 (144A) (a) | 400000 | &nbsp;&nbsp;&nbsp; 398576 |
| Ballyrock CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.418%, 3M TSFR + 1.750%, 01/25/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.472%, 3M TSFR + 2.800%, 10/15/36 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 240560 |
| Bankers Healthcare Group Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.170%, 09/17/31 (144A) | 74816 | &nbsp;&nbsp;&nbsp; 74790 |
| Barings CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.329%, 3M TSFR + 1.662%, 01/20/31 (144A) (a) | 89896 | &nbsp;&nbsp;&nbsp; 89898 |
| Barrow Hanley CLO II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.978%, 3M TSFR + 1.310%, 03/31/38 (144A) (a) | 270000 | &nbsp;&nbsp;&nbsp; 270108 |
| Battalion CLO 18 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.472%, 3M TSFR + 1.800%, 10/15/36 (144A) (a) | 298000 | &nbsp;&nbsp;&nbsp; 298046 |
| Battalion CLO VIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.668%, 3M TSFR + 1.000%, 07/18/30 (144A) (a) | 372148 | &nbsp;&nbsp;&nbsp; 372042 |
| Battalion CLO X Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.808%, 3M TSFR + 1.140%, 01/24/35 (144A) (a) | 259526 | &nbsp;&nbsp;&nbsp; 259396 |
| BBAM U.S. CLO I Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.872%, 3M TSFR + 1.200%, 03/30/38 (144A) (a) | 390000 | &nbsp;&nbsp;&nbsp; 389065 |
| BBAM U.S. CLO VI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.058%, 3M TSFR + 1.250%, 01/27/39 (144A) (a) | 540000 | &nbsp;&nbsp;&nbsp; 540116 |
| Benefit Street Partners CLO 42 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.968%, 3M TSFR + 1.300%, 10/25/38 (144A) (a) | 580000 | &nbsp;&nbsp;&nbsp; 579836 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| Benefit Street Partners CLO 44 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.944%, 3M TSFR + 1.220%, 01/15/39 (144A) (a) | 430000 | &nbsp;&nbsp;&nbsp; $428970 |
| Benefit Street Partners CLO 48 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.859%, 3M TSFR + 1.150%, 04/20/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249852 |
| Benefit Street Partners CLO XII-B Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.042%, 3M TSFR + 1.370%, 10/15/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249881 |
| Benefit Street Partners CLO XVI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.988%, 3M TSFR + 1.320%, 01/17/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250019 |
| Benefit Street Partners CLO XXV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.672%, 3M TSFR + 1.000%, 01/15/35 (144A) (a) | 1020000 | &nbsp;&nbsp;&nbsp; 1016430 |
| Bethpage Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.884%, 3M TSFR + 3.212%, 10/15/36 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 237504 |
| BHG Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.240%, 10/17/34 (144A) | 130000 | &nbsp;&nbsp;&nbsp; 126709 |
| Birch Grove CLO 3 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.928%, 3M TSFR + 1.260%, 01/19/38 (144A) (a) | 568000 | &nbsp;&nbsp;&nbsp; 566582 |
| Birch Grove CLO 4 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.152%, 3M TSFR + 1.480%, 07/15/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249888 |
| BlueMountain CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.929%, 3M TSFR + 1.262%, 04/20/31 (144A) (a) | 48918 | &nbsp;&nbsp;&nbsp; 48930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.518%, 3M TSFR + 1.850%, 10/25/30 (144A) (a) | 1280000 | &nbsp;&nbsp;&nbsp; 1280035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.531%, 3M TSFR + 1.862%, 10/22/30 (144A) (a) | 23977 | &nbsp;&nbsp;&nbsp; 23979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.614%, 3M TSFR + 1.962%, 08/15/31 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.679%, 3M TSFR + 2.012%, 10/20/30 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250204 |
| BlueMountain CLO XXII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.434%, 3M TSFR + 1.762%, 07/15/31 (144A) (a) | 660000 | &nbsp;&nbsp;&nbsp; 661067 |
| BlueMountain CLO XXVI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.429%, 3M TSFR + 3.762%, 10/20/34 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 248322 |
| BlueMountain CLO XXXV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.089%, 3M TSFR + 1.420%, 10/22/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250226 |
| BlueMountain EUR CLO DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.766%, 3M EURIBOR + 1.750%, 10/15/35 (144A) <br> (EUR) (a)<br>| 560000 | &nbsp;&nbsp;&nbsp; 643910 |
| BlueMountain Fuji U.S. CLO II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.529%, 3M TSFR + 1.862%, 10/20/30 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249928 |
| Brant Point CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.923%, 3M TSFR + 1.260%, 01/20/39 (144A) (a) | 1050000 | &nbsp;&nbsp;&nbsp; 1049937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.872%, 3M TSFR + 3.200%, 01/15/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 247101 |
| Bridge Street CLO VI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.067%, 3M TSFR + 1.280%, 01/15/39 (144A) (a) | 640000 | &nbsp;&nbsp;&nbsp; 638952 |
| Brignole Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.919%, 1M EURIBOR + 4.000%, 02/24/42 (EUR) (a) | 47015 | &nbsp;&nbsp;&nbsp; 54928 |
| Bryant Park Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.872%, 3M TSFR + 1.200%, 04/15/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 3M TSFR + 1.240%, 01/22/39 (144A) (a) | 310000 | &nbsp;&nbsp;&nbsp; 308820 |
| Canyon Capital CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.682%, 3M TSFR + 1.010%, 10/15/34 (144A) (a) | 600000 | &nbsp;&nbsp;&nbsp; 598507 |
| Canyon CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.004%, 3M TSFR + 1.332%, 07/15/31 (144A) (a) | 200318 | &nbsp;&nbsp;&nbsp; 200297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.072%, 3M TSFR + 1.400%, 10/15/37 (144A) (a) | 330000 | &nbsp;&nbsp;&nbsp; 330120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.622%, 3M TSFR + 1.950%, 10/15/37 (144A) (a) | 290000 | &nbsp;&nbsp;&nbsp; 290272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.722%, 3M TSFR + 2.050%, 05/15/37 (144A) (a) | 660000 | &nbsp;&nbsp;&nbsp; 660461 |
| Capital Four U.S. CLO II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.568%, 3M TSFR + 1.900%, 01/20/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250043 |
| Carlyle U.S. CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.831%, 3M TSFR + 1.160%, 04/20/39 (144A) (a) | 360000 | &nbsp;&nbsp;&nbsp; 359209 |

---

**BHFTII-45**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Asset-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| Carlyle U.S. CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.879%, 3M TSFR + 1.220%, 01/20/39 (144A) (a) | 600000 | &nbsp;&nbsp;&nbsp; $599569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.028%, 3M TSFR + 1.360%, 01/20/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 3M TSFR + 1.780%, 10/21/37 (144A) (a) | 520000 | &nbsp;&nbsp;&nbsp; 519723 |
| Carrington Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.953%, 1M TSFR + 0.274%, 10/25/36 (a) | 61908 | &nbsp;&nbsp;&nbsp; 60821 |
| C-BASS Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.113%, 1M TSFR + 0.434%, 10/25/36 (a) | 131146 | &nbsp;&nbsp;&nbsp; 91835 |
| Cedar Funding VII CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.203%, 3M TSFR + 1.280%, 10/20/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249822 |
| Cedar Funding XI CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.967%, 3M TSFR + 1.300%, 05/29/32 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249795 |
| Cedar Funding XIV CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.372%, 3M TSFR + 1.700%, 10/15/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249590 |
| Cerberus Loan Funding XLIV LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.022%, 3M TSFR + 2.350%, 01/15/36 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250211 |
| CIFC Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.638%, 3M TSFR + 0.970%, 04/19/35 (144A) (a) | 1130000 | &nbsp;&nbsp;&nbsp; 1124967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.833%, 3M TSFR + 1.160%, 04/16/39 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.852%, 3M TSFR + 1.180%, 03/31/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.912%, 3M TSFR + 1.240%, 10/15/38 (144A) (a) | 310000 | &nbsp;&nbsp;&nbsp; 309920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.948%, 3M TSFR + 1.280%, 10/19/38 (144A) (a) | 740000 | &nbsp;&nbsp;&nbsp; 740556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.988%, 3M TSFR + 1.320%, 01/18/38 (144A) (a) | 510000 | &nbsp;&nbsp;&nbsp; 510301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.031%, 3M TSFR + 1.360%, 07/23/37 (144A) (a) | 666207 | &nbsp;&nbsp;&nbsp; 666636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.078%, 3M TSFR + 1.410%, 07/17/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.084%, 3M TSFR + 1.412%, 07/15/36 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.121%, 3M TSFR + 1.450%, 07/16/37 (144A) (a) | 940000 | &nbsp;&nbsp;&nbsp; 940230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 3M TSFR + 1.480%, 07/21/37 (144A) (a) | 1090000 | &nbsp;&nbsp;&nbsp; 1090237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.220%, 3M TSFR + 1.550%, 04/21/37 (144A) (a) | 1170000 | &nbsp;&nbsp;&nbsp; 1170087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.221%, 3M TSFR + 1.550%, 07/16/35 (144A) (a) | 500000 | &nbsp;&nbsp;&nbsp; 493744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.302%, 3M TSFR + 1.650%, 04/25/39 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.322%, 3M TSFR + 1.650%, 10/15/38 (144A) (a) | 1825000 | &nbsp;&nbsp;&nbsp; 1821737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.403%, 3M TSFR + 1.290%, 10/24/38 (144A) (a) | 350000 | &nbsp;&nbsp;&nbsp; 350023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.418%, 3M TSFR + 1.750%, 07/25/37 (144A) (a) | 730000 | &nbsp;&nbsp;&nbsp; 729201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.584%, 3M TSFR + 1.912%, 10/15/34 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.720%, 3M TSFR + 2.050%, 04/21/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249964 |
| Citigroup Mortgage Loan Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.963%, 1M TSFR + 0.284%, 07/25/45 (a) | 491815 | &nbsp;&nbsp;&nbsp; 346681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.543%, 1M TSFR + 3.864%, 07/25/37 (a) | 4602562 | &nbsp;&nbsp;&nbsp; 4258011 |
| Clover CLO LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.198%, 3M TSFR + 1.530%, 04/20/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250002 |
| Compass Datacenters Issuer II LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.926%, 11/25/50 (144A) | 786000 | &nbsp;&nbsp;&nbsp; 773572 |
| Compass Datacenters Issuer III LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.897%, 02/25/56 (144A) | 800000 | &nbsp;&nbsp;&nbsp; 793347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.289%, 02/25/56 (144A) | 641000 | &nbsp;&nbsp;&nbsp; 627760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.436%, 02/25/56 (144A) | 597000 | &nbsp;&nbsp;&nbsp; 584724 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consolidated Communications LLC/Fidium Fiber Finance <br> Holdco LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.079%, 03/20/56 (144A) | 529000 | &nbsp;&nbsp;&nbsp; 522129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.422%, 03/20/56 (144A) | 302000 | &nbsp;&nbsp;&nbsp; 297866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.766%, 12/20/55 (144A) | 2581000 | &nbsp;&nbsp;&nbsp; 2590902 |
| Countrywide Asset-Backed Certificates |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.013%, 1M TSFR + 0.334%, 12/25/25 (a) | 867 | &nbsp;&nbsp;&nbsp; 5575 |
| Countrywide Asset-Backed Certificates Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.535%, 04/25/36 (a) | 551495 | &nbsp;&nbsp;&nbsp; 493859 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| CQS U.S. CLO 5 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.461%, 3M TSFR + 1.650%, 01/17/39 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; $249388 |
| CQS U.S. CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.318%, 3M TSFR + 2.650%, 01/25/37 (144A) (a) | 300000 | &nbsp;&nbsp;&nbsp; 300150 |
| Credit-Based Asset Servicing & Securitization LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.921%, 12/25/36 (l) | 125054 | &nbsp;&nbsp;&nbsp; 101890 |
| Crown Point CLO 11 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.928%, 3M TSFR + 1.260%, 02/28/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249500 |
| CVC Cordatus Loan Fund IV DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.324%, 3M EURIBOR + 1.300%, 02/22/34 (EUR) (a) | 250000 | &nbsp;&nbsp;&nbsp; 286950 |
| CWABS Asset-Backed Certificates Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.213%, 1M TSFR + 0.534%, 04/25/46 (a) | 504665 | &nbsp;&nbsp;&nbsp; 416446 |
| CWHEQ Revolving Home Equity Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.937%, 1M TSFR + 0.264%, 11/15/36 (a) | 44319 | &nbsp;&nbsp;&nbsp; 43802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.967%, 1M TSFR + 0.294%, 05/15/35 (a) | 4582 | &nbsp;&nbsp;&nbsp; 4572 |
| DB Master Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.891%, 08/20/55 (144A) | 1048372 | &nbsp;&nbsp;&nbsp; 1038384 |
| Diameter Capital CLO 10 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.978%, 3M TSFR + 1.310%, 04/20/38 (144A) (a) | 300000 | &nbsp;&nbsp;&nbsp; 300446 |
| Diameter Capital CLO 12 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.156%, 3M TSFR + 1.240%, 10/20/38 (144A) (a) | 890000 | &nbsp;&nbsp;&nbsp; 888459 |
| Diameter Capital CLO 13 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.964%, 3M TSFR + 1.230%, 01/20/39 (144A) (a) | 750000 | &nbsp;&nbsp;&nbsp; 747578 |
| Diameter Capital CLO 3 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.002%, 3M TSFR + 1.330%, 01/15/38 (144A) (a) | 530000 | &nbsp;&nbsp;&nbsp; 530464 |
| Diameter Capital CLO 5 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.912%, 3M TSFR + 1.240%, 01/15/39 (144A) (a) | 780000 | &nbsp;&nbsp;&nbsp; 779376 |
| Dryden 113 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.762%, 3M TSFR + 1.090%, 10/15/37 (144A) (a) | 500000 | &nbsp;&nbsp;&nbsp; 499355 |
| Dryden 30 Senior Loan Fund |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.614%, 3M TSFR + 1.962%, 11/15/28 (144A) (a) | 159475 | &nbsp;&nbsp;&nbsp; 159430 |
| Dryden 65 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.529%, 3M TSFR + 1.862%, 07/18/30 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249980 |
| Dryden 80 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.518%, 3M TSFR + 1.850%, 01/17/33 (144A) (a) | 280000 | &nbsp;&nbsp;&nbsp; 278740 |
| Dryden 87 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.406%, 3M TSFR + 1.750%, 08/20/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250106 |
| Eaton Vance CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.182%, 3M TSFR + 1.510%, 07/15/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250180 |
| Edenbrook Mortgage Funding PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.695%, SONIA + 1.950%, 03/22/57 (GBP) (a) | 241132 | &nbsp;&nbsp;&nbsp; 322691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.295%, SONIA + 2.550%, 03/22/57 (GBP) (a) | 138923 | &nbsp;&nbsp;&nbsp; 187225 |
| Elevation CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.868%, 3M TSFR + 1.200%, 10/20/31 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.068%, 3M TSFR + 1.400%, 07/25/38 (144A) (a) | 500000 | &nbsp;&nbsp;&nbsp; 499735 |
| Elmwood CLO 27 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.618%, 3M TSFR + 1.950%, 04/18/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250209 |
| Elmwood CLO 29 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.188%, 3M TSFR + 1.520%, 04/20/37 (144A) (a) | 730000 | &nbsp;&nbsp;&nbsp; 729921 |
| Elmwood CLO 30 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.098%, 3M TSFR + 1.430%, 07/17/37 (144A) (a) | 390000 | &nbsp;&nbsp;&nbsp; 390507 |
| Elmwood CLO 39 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.808%, 3M TSFR + 1.140%, 04/17/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249382 |
| Elmwood CLO I Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.780%, 3M TSFR + 1.120%, 04/20/37 (144A) (a) | 880000 | &nbsp;&nbsp;&nbsp; 878243 |

---

**BHFTII-46**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Asset-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| Elmwood CLO II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.018%, 3M TSFR + 1.350%, 10/20/37 (144A) (a) | 1140000 | &nbsp;&nbsp;&nbsp; $1141701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.368%, 3M TSFR + 1.700%, 10/20/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250371 |
| Elmwood CLO X Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.618%, 3M TSFR + 1.950%, 07/20/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250473 |
| Elmwood CLO XII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.032%, 3M TSFR + 1.360%, 10/15/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250303 |
| Equity One Mortgage Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.459%, 12/25/33 (a) | 2986237 | &nbsp;&nbsp;&nbsp; 2716486 |
| Euro-Galaxy III CLO DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.280%, 3M EURIBOR + 3.250%, 04/24/34 (144A) <br> (EUR) (a)<br>| 290000 | &nbsp;&nbsp;&nbsp; 334740 |
| FIGRE Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.982%, 01/25/56 (144A) (a) | 795643 | &nbsp;&nbsp;&nbsp; 789105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.183%, 01/25/56 (144A) (a) | 144312 | &nbsp;&nbsp;&nbsp; 142836 |
| First Franklin Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.943%, 1M TSFR + 0.264%, 12/25/36 (a) | 1113095 | &nbsp;&nbsp;&nbsp; 978382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.033%, 1M TSFR + 0.354%, 10/25/36 (a) | 123901 | &nbsp;&nbsp;&nbsp; 78912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.073%, 1M TSFR + 0.394%, 12/25/36 (a) | 3348985 | &nbsp;&nbsp;&nbsp; 1298775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.213%, 1M TSFR + 0.534%, 12/25/36 (a) | 6160668 | &nbsp;&nbsp;&nbsp; 2393492 |
| Flatiron CLO 21 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.028%, 3M TSFR + 1.360%, 10/19/37 (144A) (a) | 2390000 | &nbsp;&nbsp;&nbsp; 2390124 |
| Flatiron CLO 25 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.268%, 3M TSFR + 1.600%, 10/17/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250143 |
| Fortuna Consumer Loan ABS DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.598%, 1M EURIBOR + 1.650%, 10/18/34 (EUR) (a) | 73333 | &nbsp;&nbsp;&nbsp; 85049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.048%, 1M EURIBOR + 4.100%, 10/18/34 (EUR) (a) | 219998 | &nbsp;&nbsp;&nbsp; 257369 |
| Foundation Finance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.190%, 01/15/42 (144A) | 290686 | &nbsp;&nbsp;&nbsp; 277017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.930%, 03/15/50 (144A) | 179784 | &nbsp;&nbsp;&nbsp; 179578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 04/15/50 (144A) | 484687 | &nbsp;&nbsp;&nbsp; 485653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.680%, 04/15/52 (144A) | 138000 | &nbsp;&nbsp;&nbsp; 137431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.350%, 04/15/52 (144A) | 300000 | &nbsp;&nbsp;&nbsp; 295497 |
| Fremont Home Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.073%, 1M TSFR + 0.394%, 02/25/37 (a) | 548856 | &nbsp;&nbsp;&nbsp; 411682 |
| FTA Consumo Santander |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.333%, 3M EURIBOR + 1.300%, 07/20/38 (EUR) (a) | 63944 | &nbsp;&nbsp;&nbsp; 74040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.683%, 3M EURIBOR + 1.650%, 07/20/38 (EUR) (a) | 63944 | &nbsp;&nbsp;&nbsp; 73967 |
| Golden Bar Securitisation SRL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.608%, 3M EURIBOR + 1.500%, 09/22/43 (EUR) (a) | 151341 | &nbsp;&nbsp;&nbsp; 175820 |
| Golden Ray SA - Compartment 1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.947%, 1M EURIBOR + 2.000%, 12/27/57 (EUR) (a) | 100000 | &nbsp;&nbsp;&nbsp; 114645 |
| GoldenTree Loan Management U.S. CLO 11 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.748%, 3M TSFR + 1.080%, 10/20/34 (144A) (a) | 910000 | &nbsp;&nbsp;&nbsp; 909935 |
| GoldenTree Loan Management U.S. CLO 25 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.988%, 3M TSFR + 1.320%, 04/20/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250216 |
| Goldman Home Improvement Trust Issuer Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.970%, 06/25/51 (144A) | 199541 | &nbsp;&nbsp;&nbsp; 192473 |
| Golub Capital Partners CLO 17 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.130%, 3M TSFR + 1.470%, 02/09/39 (144A) (a) | 1080000 | &nbsp;&nbsp;&nbsp; 1076685 |
| Golub Capital Partners CLO 19B-R3 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.037%, 3M TSFR + 1.150%, 10/20/36 (144A) (a) | 640000 | &nbsp;&nbsp;&nbsp; 639022 |
| Golub Capital Partners CLO 43B Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.008%, 3M TSFR + 1.340%, 10/20/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249880 |
| Golub Capital Partners CLO 44M Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.240%, 3M TSFR + 1.570%, 10/21/38 (144A) (a) | 2710000 | &nbsp;&nbsp;&nbsp; 2694428 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| Golub Capital Partners CLO 50B-R Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.168%, 3M TSFR + 1.500%, 04/20/35 (144A) (a) | 340000 | &nbsp;&nbsp;&nbsp; $338560 |
| Golub Capital Partners CLO 52 B R Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.668%, 3M TSFR + 2.000%, 04/20/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249953 |
| Golub Capital Partners CLO 77 B Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.918%, 3M TSFR + 1.250%, 01/25/38 (144A) (a) | 298333 | &nbsp;&nbsp;&nbsp; 298110 |
| Golub Capital Partners CLO 78M Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 3M TSFR + 1.380%, 04/21/39 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 247460 |
| GoodLeap Home Improvement Solutions Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/20/49 (144A) | 1738251 | &nbsp;&nbsp;&nbsp; 1730517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 10/20/46 (144A) | 186758 | &nbsp;&nbsp;&nbsp; 188229 |
| Great Lakes CLO IX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.222%, 3M TSFR + 1.550%, 01/15/39 (144A) (a) | 560000 | &nbsp;&nbsp;&nbsp; 558319 |
| GreenSky Home Improvement Issuer Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.520%, 12/27/60 (144A) | 647733 | &nbsp;&nbsp;&nbsp; 646934 |
| Hermitage PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.333%, SONIA + 1.600%, 04/21/33 (GBP) (a) | 47503 | &nbsp;&nbsp;&nbsp; 62901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.083%, SONIA + 2.350%, 04/21/33 (GBP) (a) | 41669 | &nbsp;&nbsp;&nbsp; 55387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.633%, SONIA + 3.900%, 04/21/33 (GBP) (a) | 50003 | &nbsp;&nbsp;&nbsp; 66942 |
| Home Partners of America Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.799%, 12/17/26 (144A) | 1358432 | &nbsp;&nbsp;&nbsp; 1338493 |
| Honey Hill Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.870%, 3M TSFR + 1.150%, 04/24/39 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249972 |
| Invesco Euro CLO V DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.816%, 3M EURIBOR + 3.800%, 01/15/34 (EUR) (a) | 100000 | &nbsp;&nbsp;&nbsp; 110509 |
| Ivy Hill Middle Market Credit Fund XVIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.249%, 3M TSFR + 1.580%, 01/22/37 (144A) (a) | 1150000 | &nbsp;&nbsp;&nbsp; 1147165 |
| Jersey Mike's Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.481%, 02/15/56 (144A) | 2309000 | &nbsp;&nbsp;&nbsp; 2269247 |
| Kennedy Lewis CLO 12 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.668%, 3M TSFR + 2.000%, 07/20/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250367 |
| Kennedy Lewis CLO 13 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.796%, 3M TSFR + 1.140%, 01/20/38 (144A) (a) | 770000 | &nbsp;&nbsp;&nbsp; 765510 |
| Kennedy Lewis CLO 4 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.098%, 3M TSFR + 1.430%, 07/20/37 (144A) (a) | 380000 | &nbsp;&nbsp;&nbsp; 380374 |
| KKR CLO 21 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.934%, 3M TSFR + 1.262%, 04/15/31 (144A) (a) | 32115 | &nbsp;&nbsp;&nbsp; 32125 |
| KKR CLO 27 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.782%, 3M TSFR + 1.110%, 01/15/35 (144A) (a) | 477777 | &nbsp;&nbsp;&nbsp; 477307 |
| KKR CLO 28 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.791%, 3M TSFR + 1.120%, 02/09/35 (144A) (a) | 280000 | &nbsp;&nbsp;&nbsp; 279805 |
| KKR CLO 30 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.518%, 3M TSFR + 1.850%, 04/17/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250067 |
| KKR CLO 34 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.772%, 3M TSFR + 1.100%, 07/15/34 (144A) (a) | 540000 | &nbsp;&nbsp;&nbsp; 539463 |
| KKR CLO 54 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.992%, 3M TSFR + 1.320%, 01/15/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250018 |
| KKR Financial CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.085%, 3M TSFR + 1.250%, 10/15/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249750 |
| Knollwood CDO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.950%, PRIME + 3.200%, 01/10/39 (144A) † (a) | 1509674 | &nbsp;&nbsp;&nbsp; 151 |
| LCM 29 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.004%, 3M TSFR + 1.332%, 04/15/31 (144A) (a) | 134774 | &nbsp;&nbsp;&nbsp; 134760 |
| LCM 31 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.948%, 3M TSFR + 1.280%, 07/20/34 (144A) (a) | 390000 | &nbsp;&nbsp;&nbsp; 390097 |

---

**BHFTII-47**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Asset-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| LCM 32 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.629%, 3M TSFR + 1.962%, 07/20/34 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; $249787 |
| LCM 34 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.368%, 3M TSFR + 1.700%, 10/20/34 (144A) (a) | 750000 | &nbsp;&nbsp;&nbsp; 749476 |
| Lehman ABS Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.883%, 1M TSFR + 0.204%, 06/25/37 (144A) (a) | 112953 | &nbsp;&nbsp;&nbsp; 74714 |
| Lendmark Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.510%, 05/21/35 (144A) | 1193000 | &nbsp;&nbsp;&nbsp; 1184725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.830%, 05/21/35 (144A) | 197000 | &nbsp;&nbsp;&nbsp; 194735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.040%, 05/21/35 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 98961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.690%, 02/21/34 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 100079 |
| LMRE SFR1 Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/17/42 (144A) | 440000 | &nbsp;&nbsp;&nbsp; 428296 |
| Loanpal Solar Loan Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.290%, 01/20/48 (144A) | 631271 | &nbsp;&nbsp;&nbsp; 522408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 07/20/47 (144A) | 682569 | &nbsp;&nbsp;&nbsp; 567604 |
| Long Beach Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.093%, 1M TSFR + 0.414%, 06/25/36 (a) | 431994 | &nbsp;&nbsp;&nbsp; 201439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.113%, 1M TSFR + 0.434%, 08/25/36 (a) | 474092 | &nbsp;&nbsp;&nbsp; 185773 |
| M&T Bank RV Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 01/15/46 (144A) | 492904 | &nbsp;&nbsp;&nbsp; 487328 |
| Madison Park Funding LI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.898%, 3M TSFR + 1.230%, 10/19/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249345 |
| Madison Park Funding LXVII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.718%, 3M TSFR + 2.050%, 04/25/37 (144A) (a) | 640000 | &nbsp;&nbsp;&nbsp; 640656 |
| Madison Park Funding LXXI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.811%, 3M TSFR + 1.140%, 04/23/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 248677 |
| Madison Park Funding XXX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.421%, 3M TSFR + 1.750%, 07/16/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250000 |
| Mariner Finance Issuance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.590%, 11/22/38 (144A) | 1026000 | &nbsp;&nbsp;&nbsp; 1020956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.680%, 11/20/36 (144A) | 400000 | &nbsp;&nbsp;&nbsp; 375376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.360%, 11/20/38 (144A) | 183000 | &nbsp;&nbsp;&nbsp; 186337 |
| Menlo CLO IV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.890%, 3M TSFR + 1.210%, 03/20/39 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249991 |
| Merrill Lynch First Franklin Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.273%, 1M TSFR + 0.594%, 05/25/37 (a) | 3720871 | &nbsp;&nbsp;&nbsp; 2721388 |
| Mill City Solar Loan Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.690%, 07/20/43 (144A) | 734791 | &nbsp;&nbsp;&nbsp; 665003 |
| Mosaic Solar Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.100%, 04/20/46 (144A) | 91595 | &nbsp;&nbsp;&nbsp; 80760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.880%, 09/20/40 (144A) | 84768 | &nbsp;&nbsp;&nbsp; 75055 |
| Neuberger Berman CLO XXI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.988%, 3M TSFR + 1.320%, 01/20/39 (144A) (a) | 1440000 | &nbsp;&nbsp;&nbsp; 1440886 |
| Neuberger Berman Loan Advisers CLO 36R Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.938%, 3M TSFR + 1.270%, 07/20/39 (144A) (a) | 1900000 | &nbsp;&nbsp;&nbsp; 1900422 |
| Neuberger Berman Loan Advisers CLO 46 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.168%, 3M TSFR + 1.500%, 01/20/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249666 |
| Neuberger Berman Loan Advisers CLO 51 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.468%, 3M TSFR + 2.800%, 10/23/36 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 247522 |
| New Mountain CLO 3 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.998%, 3M TSFR + 1.330%, 10/20/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249801 |
| New Mountain CLO 8 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.133%, 3M TSFR + 1.270%, 10/20/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249701 |
| Nomura Asset Acceptance Corp. Alternative Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.193%, 1M TSFR + 0.514%, 10/25/36 (144A) (a) | 39732 | &nbsp;&nbsp;&nbsp; 82092 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| Noria DE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.590%, 1M EURIBOR + 1.650%, 02/25/43 (EUR) (a) | 72538 | &nbsp;&nbsp;&nbsp; $84099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.490%, 1M EURIBOR + 3.550%, 02/25/43 (EUR) (a) | 72538 | &nbsp;&nbsp;&nbsp; 84675 |
| Oak Hill Credit Partners X-R Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.798%, 3M TSFR + 1.130%, 04/20/38 (144A) (a) | 590000 | &nbsp;&nbsp;&nbsp; 588174 |
| Oceana Australian Fixed Income Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 07/31/28 (AUD) † (f) (g) | 639000 | &nbsp;&nbsp;&nbsp; 434838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.500%, 07/31/26 (AUD) † (f) (g) | 456000 | &nbsp;&nbsp;&nbsp; 316190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.500%, 07/31/27 (AUD) † (f) (g) | 759000 | &nbsp;&nbsp;&nbsp; 532208 |
| OCP CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.770%, 3M TSFR + 1.100%, 11/26/37 (144A) (a) | 166667 | &nbsp;&nbsp;&nbsp; 166673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.818%, 3M TSFR + 1.150%, 04/20/39 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.918%, 3M TSFR + 1.250%, 05/21/38 (144A) (a) | 300000 | &nbsp;&nbsp;&nbsp; 299847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.968%, 3M TSFR + 1.300%, 10/24/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.010%, 3M TSFR + 1.340%, 11/26/37 (144A) (a) | 430000 | &nbsp;&nbsp;&nbsp; 430065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.018%, 3M TSFR + 1.350%, 10/20/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.047%, 3M TSFR + 1.200%, 10/15/38 (144A) (a) | 260000 | &nbsp;&nbsp;&nbsp; 259029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.068%, 3M TSFR + 1.400%, 07/20/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.101%, 3M TSFR + 1.230%, 10/15/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.330%, 3M TSFR + 1.662%, 04/26/31 (144A) (a) | 25599 | &nbsp;&nbsp;&nbsp; 25587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.547%, 3M TSFR + 1.700%, 10/15/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 248108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.297%, 3M TSFR + 2.450%, 10/15/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 246848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.368%, 3M TSFR + 2.700%, 04/20/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 248687 |
| OHA Credit Funding 10-R Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.928%, 3M TSFR + 1.260%, 07/18/37 (144A) (a) | 380000 | &nbsp;&nbsp;&nbsp; 380057 |
| OHA Credit Funding 17-R Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.808%, 3M TSFR + 1.140%, 04/20/39 (144A) (a) | 490000 | &nbsp;&nbsp;&nbsp; 488187 |
| OHA Credit Funding 3 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.988%, 3M TSFR + 1.320%, 01/20/38 (144A) (a) | 300000 | &nbsp;&nbsp;&nbsp; 300210 |
| OHA Credit Funding 7 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.948%, 3M TSFR + 1.280%, 07/19/38 (144A) (a) | 800000 | &nbsp;&nbsp;&nbsp; 800043 |
| OHA Credit Partners XI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.128%, 3M TSFR + 1.460%, 04/20/37 (144A) (a) | 540000 | &nbsp;&nbsp;&nbsp; 540174 |
| OHA Loan Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.918%, 3M TSFR + 1.250%, 10/19/38 (144A) (a) | 310000 | &nbsp;&nbsp;&nbsp; 310000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.128%, 3M TSFR + 1.460%, 07/20/37 (144A) (a) | 610000 | &nbsp;&nbsp;&nbsp; 610217 |
| OHS Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.980%, 02/25/61 (144A) | 1205994 | &nbsp;&nbsp;&nbsp; 1182383 |
| OneMain Financial Issuance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.790%, 05/14/41 (144A) | 2497000 | &nbsp;&nbsp;&nbsp; 2613865 |
| Owl Rock CLO III Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.518%, 3M TSFR + 1.850%, 04/20/36 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250075 |
| Owl Rock CLO VII LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.068%, 3M TSFR + 1.400%, 04/20/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 248154 |
| Owl Rock CLO XVIII LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.368%, 3M TSFR + 1.700%, 07/24/36 (144A) (a) | 460000 | &nbsp;&nbsp;&nbsp; 459379 |
| OZLM XIX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.663%, 3M TSFR + 1.000%, 01/15/35 (144A) (a) | 420000 | &nbsp;&nbsp;&nbsp; 420042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.263%, 3M TSFR + 1.600%, 01/15/35 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 248040 |
| OZLM XVIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.484%, 3M TSFR + 1.812%, 04/15/31 (144A) (a) | 463456 | &nbsp;&nbsp;&nbsp; 463579 |
| Palmer Square CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.903%, 3M TSFR + 1.250%, 08/14/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.227%, 3M TSFR + 1.270%, 10/20/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.557%, 3M TSFR + 1.600%, 10/20/38 (144A) (a) | 340000 | &nbsp;&nbsp;&nbsp; 340118 |

---

**BHFTII-48**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Asset-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| Palmer Square Loan Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.660%, 3M TSFR + 0.950%, 01/15/34 (144A) (a) | 680000 | &nbsp;&nbsp;&nbsp; $679389 |
| Park Blue CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.008%, 3M TSFR + 1.340%, 01/25/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.255%, 3M TSFR + 1.310%, 10/25/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.081%, 3M TSFR + 2.000%, 10/20/38 (144A) (a) | 530000 | &nbsp;&nbsp;&nbsp; 530461 |
| PCL Funding IX PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.034%, SONIA + 1.300%, 07/16/29 (GBP) (a) | 100000 | &nbsp;&nbsp;&nbsp; 132698 |
| Pikes Peak CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.888%, 3M TSFR + 1.220%, 10/20/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249819 |
| Planet Fitness Master Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.649%, 12/06/55 (144A) | 880000 | &nbsp;&nbsp;&nbsp; 868765 |
| Point Au Roche Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.109%, 3M TSFR + 2.450%, 01/20/39 (144A) (a) | 500000 | &nbsp;&nbsp;&nbsp; 468872 |
| Point Broadband Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.156%, 07/20/55 (144A) | 1276000 | &nbsp;&nbsp;&nbsp; 1300612 |
| Post CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.968%, 3M TSFR + 1.300%, 10/20/38 (144A) (a) | 270000 | &nbsp;&nbsp;&nbsp; 269854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.368%, 3M TSFR + 1.700%, 10/20/38 (144A) (a) | 270000 | &nbsp;&nbsp;&nbsp; 270734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.518%, 3M TSFR + 2.850%, 10/20/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 243337 |
| Progress Residential Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.436%, 05/17/26 (144A) | 1070000 | &nbsp;&nbsp;&nbsp; 1066242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.666%, 12/17/40 (144A) | 288468 | &nbsp;&nbsp;&nbsp; 276402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.053%, 11/17/40 (144A) | 221000 | &nbsp;&nbsp;&nbsp; 214331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.608%, 12/17/40 (144A) | 1165477 | &nbsp;&nbsp;&nbsp; 1141073 |
| QTS Issuer ABS II LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.044%, 10/05/55 (144A) | 1142000 | &nbsp;&nbsp;&nbsp; 1118609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.848%, 01/05/56 (144A) | 399000 | &nbsp;&nbsp;&nbsp; 390708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.178%, 03/05/56 (144A) | 609000 | &nbsp;&nbsp;&nbsp; 608951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.729%, 01/05/56 (144A) | 181000 | &nbsp;&nbsp;&nbsp; 179137 |
| Quarzo SRL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 3M EURIBOR + 2.300%, 06/15/41 (EUR) (a) | 59514 | &nbsp;&nbsp;&nbsp; 69445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 3M EURIBOR + 3.700%, 06/15/41 (EUR) (a) | 59514 | &nbsp;&nbsp;&nbsp; 69323 |
| Rad CLO 14 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.104%, 3M TSFR + 1.432%, 01/15/35 (144A) (a) | 540000 | &nbsp;&nbsp;&nbsp; 539411 |
| Rad CLO 21 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.738%, 3M TSFR + 1.070%, 01/25/37 (144A) (a) | 710000 | &nbsp;&nbsp;&nbsp; 707870 |
| Rad CLO 27 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.372%, 3M TSFR + 1.700%, 01/15/38 (144A) (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1997514 |
| Regatta 30 Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.988%, 3M TSFR + 1.320%, 01/25/38 (144A) (a) | 530000 | &nbsp;&nbsp;&nbsp; 530345 |
| Regatta 35 Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.962%, 3M TSFR + 1.290%, 10/15/38 (144A) (a) | 990000 | &nbsp;&nbsp;&nbsp; 988709 |
| Regatta XVII Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.052%, 3M TSFR + 1.380%, 10/15/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250131 |
| Regatta XVIII Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.832%, 3M TSFR + 1.160%, 04/15/38 (144A) (a) | 200725 | &nbsp;&nbsp;&nbsp; 200124 |
| Regatta XXV Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.012%, 3M TSFR + 1.340%, 07/15/38 (144A) (a) | 960000 | &nbsp;&nbsp;&nbsp; 960928 |
| Regatta XXVII Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.198%, 3M TSFR + 1.530%, 04/26/37 (144A) (a) | 850000 | &nbsp;&nbsp;&nbsp; 850434 |
| Regional Management Issuance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.900%, 08/15/33 (144A) | 173000 | &nbsp;&nbsp;&nbsp; 168252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 10/17/33 (f) (g) | 3710000 | &nbsp;&nbsp;&nbsp; 3645075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.590%, 11/16/37 (144A) | 1447000 | &nbsp;&nbsp;&nbsp; 1431096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.110%, 12/15/33 (144A) | 261000 | &nbsp;&nbsp;&nbsp; 262001 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| Regional Management Issuance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.460%, 07/15/36 (144A) | 102000 | &nbsp;&nbsp;&nbsp; $104044 |
| Republic Finance Issuance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.590%, 11/20/34 (144A) | 1292000 | &nbsp;&nbsp;&nbsp; 1286273 |
| Retained Vantage Data Centers Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.091%, 08/15/50 (144A) | 945000 | &nbsp;&nbsp;&nbsp; 924036 |
| Rockford Tower CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.768%, 3M TSFR + 1.100%, 04/20/34 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.786%, 3M TSFR + 1.130%, 08/20/32 (144A) (a) | 135161 | &nbsp;&nbsp;&nbsp; 135328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.960%, 3M TSFR + 1.300%, 03/31/38 (144A) (a) | 380000 | &nbsp;&nbsp;&nbsp; 380094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.029%, 3M TSFR + 1.362%, 04/20/34 (144A) (a) | 856000 | &nbsp;&nbsp;&nbsp; 855070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.119%, 3M TSFR + 1.452%, 10/20/30 (144A) (a) | 426 | &nbsp;&nbsp;&nbsp; 426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.579%, 3M TSFR + 1.912%, 07/20/34 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.830%, 3M TSFR + 3.170%, 03/31/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 245327 |
| Romark CLO II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.808%, 3M TSFR + 1.140%, 07/25/31 (144A) (a) | 36020 | &nbsp;&nbsp;&nbsp; 36019 |
| RR 19 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.222%, 3M TSFR + 1.550%, 04/15/40 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 247882 |
| RR 32 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.032%, 3M TSFR + 1.360%, 10/15/39 (144A) (a) | 1860000 | &nbsp;&nbsp;&nbsp; 1860398 |
| RR 38 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.822%, 3M TSFR + 1.150%, 04/15/40 (144A) (a) | 1620000 | &nbsp;&nbsp;&nbsp; 1615305 |
| RR 41 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.214%, 3M TSFR + 1.250%, 10/15/40 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249448 |
| RR 5 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.172%, 3M TSFR + 1.500%, 07/15/39 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.622%, 3M TSFR + 1.950%, 07/15/39 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250174 |
| RR 8 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.902%, 3M TSFR + 1.230%, 01/15/39 (144A) (a) | 610000 | &nbsp;&nbsp;&nbsp; 609147 |
| Sagard-Halseypoint CLO 10 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.018%, 3M TSFR + 1.350%, 10/20/38 (144A) (a) | 2070000 | &nbsp;&nbsp;&nbsp; 2072702 |
| Sagard-Halseypoint CLO 9 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.958%, 3M TSFR + 1.290%, 04/20/38 (144A) (a) | 510000 | &nbsp;&nbsp;&nbsp; 508529 |
| Sandstone Peak III Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.298%, 3M TSFR + 1.630%, 04/25/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250158 |
| Sandstone Peak IV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.949%, 3M TSFR + 1.290%, 01/20/39 (144A) (a) | 530000 | &nbsp;&nbsp;&nbsp; 529083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.709%, 3M TSFR + 2.050%, 01/20/39 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.759%, 3M TSFR + 3.100%, 01/20/39 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 245617 |
| Saxon Asset Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.687%, 08/25/35 (l) | 164114 | &nbsp;&nbsp;&nbsp; 127724 |
| SC Germany SA Compartment Consumer |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.340%, 1M EURIBOR + 1.400%, 05/14/38 (EUR) (a) | 100000 | &nbsp;&nbsp;&nbsp; 115659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.640%, 1M EURIBOR + 1.700%, 05/14/38 (EUR) (a) | 100000 | &nbsp;&nbsp;&nbsp; 115825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.690%, 1M EURIBOR + 1.750%, 12/14/38 (EUR) (a) | 100000 | &nbsp;&nbsp;&nbsp; 116065 |
| Securitized Asset-Backed Receivables LLC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.233%, 1M TSFR + 0.554%, 01/25/37 (a) | 82000 | &nbsp;&nbsp;&nbsp; 62571 |
| Service Experts Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.670%, 02/02/32 (144A) | 217811 | &nbsp;&nbsp;&nbsp; 214258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.390%, 11/20/35 (144A) | 418455 | &nbsp;&nbsp;&nbsp; 426818 |
| SG Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.213%, 1M TSFR + 0.534%, 10/25/36 (a) | 570000 | &nbsp;&nbsp;&nbsp; 460748 |
| Signal Peak CLO 11 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.118%, 3M TSFR + 1.450%, 07/18/37 (144A) (a) | 470000 | &nbsp;&nbsp;&nbsp; 470447 |
| Signal Peak CLO 12 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.068%, 3M TSFR + 1.400%, 07/18/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250102 |

---

**BHFTII-49**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Asset-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| Signal Peak CLO 5 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.218%, 3M TSFR + 1.550%, 04/25/37 (144A) (a) | 270000 | &nbsp;&nbsp;&nbsp; $270042 |
| Signal Peak CLO 9 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.030%, 3M TSFR + 1.360%, 01/21/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250513 |
| Silver Point CLO 13 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.180%, 3M TSFR + 1.250%, 10/15/38 (144A) (a) | 820000 | &nbsp;&nbsp;&nbsp; 819029 |
| Silver Point CLO 3 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.009%, 3M TSFR + 1.260%, 01/18/39 (144A) (a) | 820000 | &nbsp;&nbsp;&nbsp; 816859 |
| Silver Point CLO 8 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.882%, 3M TSFR + 1.210%, 04/15/38 (144A) (a) | 1080000 | &nbsp;&nbsp;&nbsp; 1078938 |
| Silver Point SCF CLO V Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.168%, 3M TSFR + 1.500%, 04/20/38 (144A) (a) | 950000 | &nbsp;&nbsp;&nbsp; 947847 |
| Sixth Street CLO IX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 3M TSFR + 1.380%, 07/21/37 (144A) (a) | 300000 | &nbsp;&nbsp;&nbsp; 300125 |
| Sixth Street CLO XVI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.832%, 3M TSFR + 1.170%, 01/21/39 (144A) (a) | 1160000 | &nbsp;&nbsp;&nbsp; 1156889 |
| Sixth Street CLO XXII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 3M TSFR + 1.130%, 04/21/38 (144A) (a) | 280000 | &nbsp;&nbsp;&nbsp; 278911 |
| SoFi Consumer Loan Program Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 02/25/36 (144A) | 2462000 | &nbsp;&nbsp;&nbsp; 2461955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 02/25/36 (144A) | 259000 | &nbsp;&nbsp;&nbsp; 258737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 02/25/36 (144A) | 259000 | &nbsp;&nbsp;&nbsp; 258671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.560%, 02/25/36 (144A) | 230000 | &nbsp;&nbsp;&nbsp; 229746 |
| SoFi Personal Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 02/12/31 | 23003 | &nbsp;&nbsp;&nbsp; 442371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.060%, 02/12/31 (144A) | 292479 | &nbsp;&nbsp;&nbsp; 292755 |
| Soundview Home Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.318%, 1M TSFR + 0.639%, 01/25/37 (a) | 3401410 | &nbsp;&nbsp;&nbsp; 3556913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.588%, 1M TSFR + 0.909%, 01/25/35 (a) | 12255 | &nbsp;&nbsp;&nbsp; 10680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.813%, 1M TSFR + 1.134%, 11/25/35 (a) | 158500 | &nbsp;&nbsp;&nbsp; 135677 |
| Subway Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.268%, 07/30/54 (144A) | 826537 | &nbsp;&nbsp;&nbsp; 833718 |
| Summit Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.208%, 11/20/55 (144A) | 837000 | &nbsp;&nbsp;&nbsp; 834899 |
| Switch ABS Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.609%, 03/27/56 (144A) | 451000 | &nbsp;&nbsp;&nbsp; 450048 |
| Symphony CLO 43 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.192%, 3M TSFR + 1.520%, 04/15/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250009 |
| Symphony CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.618%, 3M TSFR + 1.950%, 07/24/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250549 |
| Symphony CLO XX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.221%, 3M TSFR + 1.550%, 01/16/32 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249625 |
| Symphony CLO XXIX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.322%, 3M TSFR + 1.650%, 10/15/35 (144A) (a) | 360000 | &nbsp;&nbsp;&nbsp; 360391 |
| Taco Bell Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.821%, 08/25/55 (144A) | 1192000 | &nbsp;&nbsp;&nbsp; 1173687 |
| TCI-Symphony CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.933%, 3M TSFR + 1.282%, 10/13/32 (144A) (a) | 85880 | &nbsp;&nbsp;&nbsp; 85926 |
| Thayer Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.668%, 3M TSFR + 1.000%, 04/20/34 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249488 |
| TICP CLO VI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.054%, 3M TSFR + 1.382%, 01/15/34 (144A) (a) | 820000 | &nbsp;&nbsp;&nbsp; 819893 |
| TICP CLO XI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.718%, 3M TSFR + 2.050%, 04/25/37 (144A) (a) | 260000 | &nbsp;&nbsp;&nbsp; 260262 |
| Trestles CLO III Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.058%, 3M TSFR + 1.390%, 10/20/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250083 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| Trestles CLO IV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.071%, 3M TSFR + 1.280%, 10/30/38 (144A) (a) | 1170000 | &nbsp;&nbsp;&nbsp; $1169850 |
| Trestles CLO IX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.130%, 3M TSFR + 1.260%, 01/15/39 (144A) (a) | 610000 | &nbsp;&nbsp;&nbsp; 608035 |
| Trestles CLO VII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.048%, 3M TSFR + 1.380%, 10/25/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249880 |
| Trestles CLO VIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.998%, 3M TSFR + 1.330%, 06/11/35 (144A) (a) | 270000 | &nbsp;&nbsp;&nbsp; 270118 |
| Tricon Residential Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.692%, 07/17/38 (144A) | 795000 | &nbsp;&nbsp;&nbsp; 789436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.133%, 07/17/38 (144A) | 639000 | &nbsp;&nbsp;&nbsp; 634003 |
| Trimaran Cavu Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.091%, 3M TSFR + 1.420%, 07/23/37 (144A) (a) | 280000 | &nbsp;&nbsp;&nbsp; 280001 |
| Trimaran CAVU Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.938%, 3M TSFR + 1.270%, 03/20/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249485 |
| Trinitas CLO XIV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.368%, 3M TSFR + 1.700%, 01/25/34 (144A) (a) | 560000 | &nbsp;&nbsp;&nbsp; 559600 |
| Trinitas CLO XVIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.888%, 3M TSFR + 1.220%, 01/20/35 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249668 |
| Trinitas CLO XXI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.568%, 3M TSFR + 2.900%, 04/20/38 (144A) (a) | 430000 | &nbsp;&nbsp;&nbsp; 427139 |
| Trinitas CLO XXVIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.218%, 3M TSFR + 1.550%, 04/25/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250000 |
| Trinitas CLO XXXV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.172%, 3M TSFR + 2.500%, 01/22/39 (144A) (a) | 285000 | &nbsp;&nbsp;&nbsp; 282368 |
| U.S. Bank NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.959%, 12/25/46 (144A) | 1184000 | &nbsp;&nbsp;&nbsp; 1178490 |
| Unity-Peace Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.513%, 3M TSFR + 2.850%, 04/20/35 (144A) (a) | 750000 | &nbsp;&nbsp;&nbsp; 709964 |
| UPG HI Issuer Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/25/47 (144A) | 366922 | &nbsp;&nbsp;&nbsp; 364779 |
| Upgrade Master Pass-Thru Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.244%, 03/15/34 (144A) | 381388 | &nbsp;&nbsp;&nbsp; 380805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.546%, 11/15/32 (144A) | 690692 | &nbsp;&nbsp;&nbsp; 690807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.611%, 10/15/32 (144A) | 271157 | &nbsp;&nbsp;&nbsp; 271205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.979%, 11/15/32 (144A) | 501000 | &nbsp;&nbsp;&nbsp; 500756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/15/33 (144A) | 370000 | &nbsp;&nbsp;&nbsp; 368140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.254%, 09/15/32 (144A) | 126000 | &nbsp;&nbsp;&nbsp; 125824 |
| Upland CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.579%, 3M TSFR + 1.912%, 04/20/31 (144A) (a) | 153565 | &nbsp;&nbsp;&nbsp; 153671 |
| UPX HIL Issuer Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.160%, 01/25/47 (144A) | 1048594 | &nbsp;&nbsp;&nbsp; 1044241 |
| Vantage Data Centers Jersey Borrower SPV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.172%, 05/28/39 (GBP) | 480000 | &nbsp;&nbsp;&nbsp; 636736 |
| VB-S1 Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.693%, 03/15/56 (144A) | 2072000 | &nbsp;&nbsp;&nbsp; 2035833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.193%, 03/15/56 (144A) | 380000 | &nbsp;&nbsp;&nbsp; 373614 |
| Venture 32 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.999%, 3M TSFR + 1.332%, 07/18/31 (144A) (a) | 28225 | &nbsp;&nbsp;&nbsp; 28218 |
| Verdelite Static CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.798%, 3M TSFR + 1.130%, 07/20/32 (144A) (a) | 234497 | &nbsp;&nbsp;&nbsp; 234398 |
| VOLT CVI LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.734%, 12/26/51 (144A) (l) | 814965 | &nbsp;&nbsp;&nbsp; 815342 |
| Voya CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.838%, 3M TSFR + 1.170%, 04/20/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.868%, 3M TSFR + 1.200%, 07/20/32 (144A) (a) | 738696 | &nbsp;&nbsp;&nbsp; 739128 |

---

**BHFTII-50**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Asset-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| Voya CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 3M TSFR + 1.232%, 04/25/31 (144A) (a) | 9389 | &nbsp;&nbsp;&nbsp; $9389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.218%, 3M TSFR + 1.550%, 04/20/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 247014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.372%, 3M TSFR + 1.700%, 10/15/38 (144A) (a) | 765000 | &nbsp;&nbsp;&nbsp; 767211 |
| Voya Euro CLO V DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.766%, 3M EURIBOR + 1.750%, 04/15/35 (144A) <br> (EUR) (a)<br>| 340000 | &nbsp;&nbsp;&nbsp; 392249 |
| Washington Mutual Asset-Backed Certificates WMABS Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.103%, 1M TSFR + 0.424%, 10/25/36 (a) | 459526 | &nbsp;&nbsp;&nbsp; 354242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.153%, 1M TSFR + 0.474%, 09/25/36 (a) | 1580117 | &nbsp;&nbsp;&nbsp; 395413 |
| Wellington Management CLO 5 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.611%, 3M TSFR + 1.650%, 10/18/38 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 249502 |
| Whetstone Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.829%, 3M TSFR + 3.162%, 01/20/35 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 235096 |
| Whitebox CLO I Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.848%, 3M TSFR + 1.180%, 01/24/37 (144A) (a) | 580000 | &nbsp;&nbsp;&nbsp; 578481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.968%, 3M TSFR + 5.300%, 01/24/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 242882 |
| Whitebox CLO III Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.522%, 3M TSFR + 2.850%, 10/15/35 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 243652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.322%, 3M TSFR + 5.650%, 10/15/35 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 239501 |
| Wildwood Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.028%, 3M TSFR + 1.360%, 10/20/37 (144A) (a) | 250000 | &nbsp;&nbsp;&nbsp; 250095 |
| Wireless PropCo Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 06/25/55 (144A) | 2718000 | &nbsp;&nbsp;&nbsp; 2576768 |
|  |  | &nbsp;&nbsp;&nbsp; 229906951 |
| **Asset-Backed - Student Loan — 0.9%** | **Asset-Backed - Student Loan — 0.9%** | **Asset-Backed - Student Loan — 0.9%** |
| College Avenue Student Loans LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.420%, 06/25/52 (144A) | 99938 | &nbsp;&nbsp;&nbsp; 91222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.720%, 06/25/52 (144A) | 55438 | &nbsp;&nbsp;&nbsp; 51287 |
| Navient Private Education Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.687%, 1M TSFR + 1.014%, 11/15/68 (144A) (a) | 142380 | &nbsp;&nbsp;&nbsp; 142072 |
| Navient Private Education Refi Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.610%, 04/15/60 (144A) | 127111 | &nbsp;&nbsp;&nbsp; 113565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.690%, 07/15/69 (144A) | 450000 | &nbsp;&nbsp;&nbsp; 389017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.480%, 04/15/60 (144A) | 336507 | &nbsp;&nbsp;&nbsp; 313615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.660%, 10/15/72 (144A) | 662303 | &nbsp;&nbsp;&nbsp; 671543 |
| Navient Refinance Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.720%, 09/15/55 (144A) | 909889 | &nbsp;&nbsp;&nbsp; 903896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 10/15/55 (144A) | 636149 | &nbsp;&nbsp;&nbsp; 632772 |
| Nelnet Student Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.530%, 04/20/62 (144A) | 2102119 | &nbsp;&nbsp;&nbsp; 1865816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.680%, 04/20/62 (144A) | 3120000 | &nbsp;&nbsp;&nbsp; 2809909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.850%, 04/20/62 (144A) | 3661000 | &nbsp;&nbsp;&nbsp; 3312612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 04/20/62 (144A) | 1640000 | &nbsp;&nbsp;&nbsp; 1478999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.360%, 04/20/62 (144A) | 110000 | &nbsp;&nbsp;&nbsp; 97239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/20/62 (144A) | 170000 | &nbsp;&nbsp;&nbsp; 148946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.570%, 04/20/62 (144A) | 142000 | &nbsp;&nbsp;&nbsp; 125439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 04/20/62 (144A) | 277000 | &nbsp;&nbsp;&nbsp; 248043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.380%, 04/20/62 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 87662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.440%, 04/20/62 (144A) | 160000 | &nbsp;&nbsp;&nbsp; 142499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 04/20/62 (144A) | 260000 | &nbsp;&nbsp;&nbsp; 234284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.772%, SOFR30A + 1.100%, 03/15/57 (144A) (a) | 897168 | &nbsp;&nbsp;&nbsp; 894935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.930%, 04/20/62 (144A) | 374000 | &nbsp;&nbsp;&nbsp; 341046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.023%, SOFR30A + 1.350%, 06/22/65 (144A) (a) | 1010686 | &nbsp;&nbsp;&nbsp; 1017772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.820%, 06/22/65 (144A) | 640000 | &nbsp;&nbsp;&nbsp; 624201 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Student Loan—(Continued)** | **Asset-Backed - Student Loan—(Continued)** | **Asset-Backed - Student Loan—(Continued)** |
| Nelnet Student Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.912%, SOFR30A + 2.250%, 11/25/53 (144A) (a) | 289988 | &nbsp;&nbsp;&nbsp; $293746 |
| Prodigy Finance DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.043%, 1M TSFR + 1.364%, 07/25/51 (144A) (a) | 153896 | &nbsp;&nbsp;&nbsp; 153524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.293%, 1M TSFR + 2.614%, 07/25/51 (144A) (a) | 36246 | &nbsp;&nbsp;&nbsp; 36064 |
| Scholar Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.423%, SOFR30A + 0.764%, 01/30/45 (144A) (a) | 1914481 | &nbsp;&nbsp;&nbsp; 1887011 |
| SLM Private Education Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.537%, 1M TSFR + 4.864%, 10/15/41 (144A) (a) | 1688527 | &nbsp;&nbsp;&nbsp; 1771113 |
| SMB Private Education Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.300%, 01/15/53 (144A) | 60424 | &nbsp;&nbsp;&nbsp; 59009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.990%, 01/15/53 (144A) | 1070599 | &nbsp;&nbsp;&nbsp; 943699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/15/53 (144A) | 68313 | &nbsp;&nbsp;&nbsp; 61644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/17/40 (144A) | 23916 | &nbsp;&nbsp;&nbsp; 23902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.860%, 01/15/53 (144A) | 458009 | &nbsp;&nbsp;&nbsp; 414139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.930%, 01/15/53 (144A) | 33390 | &nbsp;&nbsp;&nbsp; 29927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.772%, SOFR30A + 1.100%, 06/17/52 (144A) (a) | 457372 | &nbsp;&nbsp;&nbsp; 456609 |
|  |  | &nbsp;&nbsp;&nbsp; 22868778 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities <br>(Cost $305,178,371) <br>|  | &nbsp;&nbsp;&nbsp; 296296988 |
| **Foreign Government—2.0%** | **Foreign Government—2.0%** | **Foreign Government—2.0%** |
| **Sovereign — 2.0%** | **Sovereign — 2.0%** | **Sovereign — 2.0%** |
| Argentina Republic Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.000%, 07/09/29 | 5040 | &nbsp;&nbsp;&nbsp; 4415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/09/41 (l) | 155000 | &nbsp;&nbsp;&nbsp; 103153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 07/09/35 (l) | 85000 | &nbsp;&nbsp;&nbsp; 61200 |
| Barbados Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 06/26/35 (144A) | 108000 | &nbsp;&nbsp;&nbsp; 109359 |
| Brazil Letras do Tesouro Nacional |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/01/26 (BRL) | 2564000 | &nbsp;&nbsp;&nbsp; 478669 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 10/01/26 (BRL) | 11874000 | &nbsp;&nbsp;&nbsp; 2144103 |
| Brazil Notas do Tesouro Nacional |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 01/01/27 (BRL) | 8270000 | &nbsp;&nbsp;&nbsp; 1557739 |
| China Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.110%, 08/25/34 (CNY) | 2980000 | &nbsp;&nbsp;&nbsp; 444056 |
| Colombia TES |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 11/03/27 (COP) | 6265500000 | &nbsp;&nbsp;&nbsp; 1514114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 06/30/32 (COP) | 661100000 | &nbsp;&nbsp;&nbsp; 132254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 10/26/50 (COP) | 991300000 | &nbsp;&nbsp;&nbsp; 158987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 09/18/30 (COP) | 6932900000 | &nbsp;&nbsp;&nbsp; 1517533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.000%, 03/13/58 (COP) | 83900000 | &nbsp;&nbsp;&nbsp; 20546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.500%, 02/27/30 (COP) | 1104400000 | &nbsp;&nbsp;&nbsp; 285502 |
| Costa Rica Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.158%, 03/12/45 | 200000 | &nbsp;&nbsp;&nbsp; 212318 |
| Czech Republic Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/04/44 (CZK) | 6800000 | &nbsp;&nbsp;&nbsp; 274724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 12/04/36 (CZK) | 3860000 | &nbsp;&nbsp;&nbsp; 171015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/11/32 (CZK) | 12550000 | &nbsp;&nbsp;&nbsp; 584630 |
| Dominican Republic International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 03/15/37 (144A) (DOP) | 15400000 | &nbsp;&nbsp;&nbsp; 263114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.750%, 06/01/36 (144A) (DOP) | 11000000 | &nbsp;&nbsp;&nbsp; 190655 |
| Ecuador Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.900%, 07/31/35 (l) | 79000 | &nbsp;&nbsp;&nbsp; 69520 |

---

**BHFTII-51**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Foreign Government—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Sovereign—(Continued)** | **Sovereign—(Continued)** | **Sovereign—(Continued)** |
| Hungary Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 10/24/35 (HUF) | 136270000 | &nbsp;&nbsp;&nbsp; $404523 |
| Indonesia Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.850%, 02/14/30 | 2172000 | &nbsp;&nbsp;&nbsp; 2018076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.050%, 03/12/51 | 1965000 | &nbsp;&nbsp;&nbsp; 1226339 |
| Indonesia Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 07/15/30 (IDR) | 5665000000 | &nbsp;&nbsp;&nbsp; 330510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 05/15/33 (IDR) | 1773000000 | &nbsp;&nbsp;&nbsp; 102523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 05/15/27 (IDR) | 12933000000 | &nbsp;&nbsp;&nbsp; 768625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 02/15/33 (IDR) | 2641000000 | &nbsp;&nbsp;&nbsp; 156376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 06/15/32 (IDR) | 343000000 | &nbsp;&nbsp;&nbsp; 21980 |
| Lebanon Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 11/04/24 (j) | 130000 | &nbsp;&nbsp;&nbsp; 30609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.650%, 11/03/28 (j) | 80000 | &nbsp;&nbsp;&nbsp; 19067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.850%, 03/23/27 (j) | 225000 | &nbsp;&nbsp;&nbsp; 53430 |
| Mexico Bonos |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 09/03/26 (MXN) | 29913800 | &nbsp;&nbsp;&nbsp; 1668333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 11/13/42 (MXN) | 17469800 | &nbsp;&nbsp;&nbsp; 808866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 02/21/36 (MXN) | 5510000 | &nbsp;&nbsp;&nbsp; 281584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 03/01/29 (MXN) | 16460400 | &nbsp;&nbsp;&nbsp; 919938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 05/31/29 (MXN) | 390400 | &nbsp;&nbsp;&nbsp; 21755 |
| Mexico Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.659%, 05/24/31 | 3275000 | &nbsp;&nbsp;&nbsp; 2890679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/31/50 (i) | 4504000 | &nbsp;&nbsp;&nbsp; 3305486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.050%, 01/11/40 | 128000 | &nbsp;&nbsp;&nbsp; 124115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.350%, 02/09/35 | 200000 | &nbsp;&nbsp;&nbsp; 204310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 05/13/55 (i) | 271000 | &nbsp;&nbsp;&nbsp; 284631 |
| Pakistan Global Sukuk Programme Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.950%, 01/31/29 | 200000 | &nbsp;&nbsp;&nbsp; 197561 |
| Panama Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 03/17/28 | 1279000 | &nbsp;&nbsp;&nbsp; 1255441 |
| Paraguay Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 04/04/38 (144A) (PYG) | 2263000000 | &nbsp;&nbsp;&nbsp; 340797 |
| Peru Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.550%, 03/10/51 | 2017000 | &nbsp;&nbsp;&nbsp; 1364601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.600%, 08/12/39 (PEN) | 378000 | &nbsp;&nbsp;&nbsp; 112202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.600%, 08/12/39 (144A) (PEN) | 420000 | &nbsp;&nbsp;&nbsp; 124946 |
| Philippines Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/20/30 (PHP) | 54850000 | &nbsp;&nbsp;&nbsp; 879005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 07/27/30 (PHP) | 32640000 | &nbsp;&nbsp;&nbsp; 528271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 04/28/35 (PHP) | 80780000 | &nbsp;&nbsp;&nbsp; 1268092 |
| Philippines Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/28 | 1834000 | &nbsp;&nbsp;&nbsp; 1786086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 07/06/46 | 2044000 | &nbsp;&nbsp;&nbsp; 1403675 |
| Republic of Poland Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 07/25/29 (PLN) | 1836000 | &nbsp;&nbsp;&nbsp; 491673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/25/30 (PLN) | 1700000 | &nbsp;&nbsp;&nbsp; 456632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/25/34 (PLN) | 2099000 | &nbsp;&nbsp;&nbsp; 537768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/25/35 (PLN) | 4691000 | &nbsp;&nbsp;&nbsp; 1182872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 04/25/29 (PLN) | 3260000 | &nbsp;&nbsp;&nbsp; 899004 |
| Republic of South Africa Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 02/28/31 (ZAR) | 44945610 | &nbsp;&nbsp;&nbsp; 2488672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 01/31/30 (ZAR) | 35241723 | &nbsp;&nbsp;&nbsp; 2059813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 01/31/37 (ZAR) | 23237232 | &nbsp;&nbsp;&nbsp; 1282519 |
| Republic of Uzbekistan International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 05/29/27 (EUR) | 113000 | &nbsp;&nbsp;&nbsp; 131850 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Sovereign—(Continued)** | **Sovereign—(Continued)** | **Sovereign—(Continued)** |
| Romania Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/04/33 (144A) (EUR) | 19000 | &nbsp;&nbsp;&nbsp; $20517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 05/30/32 (EUR) | 111000 | &nbsp;&nbsp;&nbsp; 126752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 06/07/33 (144A) (EUR) | 28000 | &nbsp;&nbsp;&nbsp; 31559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 10/07/37 (144A) (EUR) | 28000 | &nbsp;&nbsp;&nbsp; 31389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/07/45 (144A) (EUR) | 23000 | &nbsp;&nbsp;&nbsp; 25430 |
| Spain Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.600%, 05/31/31 (EUR) | 1156000 | &nbsp;&nbsp;&nbsp; 1310551 |
| Sri Lanka Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 06/15/35 (l) | 86000 | &nbsp;&nbsp;&nbsp; 64907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/15/28 | 19710 | &nbsp;&nbsp;&nbsp; 18797 |
| Turkiye Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 26.200%, 10/05/33 (TRY) | 5610000 | &nbsp;&nbsp;&nbsp; 107718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 27.700%, 09/27/34 (TRY) | 5574000 | &nbsp;&nbsp;&nbsp; 111253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 30.000%, 09/12/29 (TRY) | 5441738 | &nbsp;&nbsp;&nbsp; 106794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 31.080%, 11/08/28 (TRY) | 4713564 | &nbsp;&nbsp;&nbsp; 95745 |
| Ukraine Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 02/01/30 (144A) (l) | 5000 | &nbsp;&nbsp;&nbsp; 2924 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 02/01/35 (144A) (l) | 9400 | &nbsp;&nbsp;&nbsp; 4355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/36 (l) | 164100 | &nbsp;&nbsp;&nbsp; 76082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/36 (l) | 71700 | &nbsp;&nbsp;&nbsp; 36802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/36 (144A) (l) | 11400 | &nbsp;&nbsp;&nbsp; 5850 |
| Uruguay Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 10/27/27 | 844391 | &nbsp;&nbsp;&nbsp; 844898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 06/18/50 | 1478733 | &nbsp;&nbsp;&nbsp; 1354741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 10/29/35 (UYU) | 11726557 | &nbsp;&nbsp;&nbsp; 291974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 07/20/33 (UYU) | 3960538 | &nbsp;&nbsp;&nbsp; 108073 |
| Venezuela Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 09/15/27 (j) | 75000 | &nbsp;&nbsp;&nbsp; 35625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.950%, 08/05/31 (j) | 187000 | &nbsp;&nbsp;&nbsp; 95370 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Foreign Government <br>(Cost $54,696,309) <br>|  | &nbsp;&nbsp;&nbsp; 49638947 |
| **Floating Rate Loans (p)—0.9%** | **Floating Rate Loans (p)—0.9%** | **Floating Rate Loans (p)—0.9%** |
| **Agriculture — 0.0%** | **Agriculture — 0.0%** | **Agriculture — 0.0%** |
| Hydrofarm Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan, 9.428%, 3M TSFR + 5.500%, <br> 10/25/28<br>| 346842 | &nbsp;&nbsp;&nbsp; 190763 |
| **Chemicals — 0.0%** | **Chemicals — 0.0%** | **Chemicals — 0.0%** |
| Flexsys Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Second Out Refinancing Term Loan, 9.172%, 3M <br> TSFR + 5.250%, 08/01/29<br>| 341197 | &nbsp;&nbsp;&nbsp; 23884 |
| **Commercial Services — 0.1%** | **Commercial Services — 0.1%** | **Commercial Services — 0.1%** |
| Allied Universal Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 6.918%, 1M TSFR + 3.250%, <br> 08/20/32<br>| 592809 | &nbsp;&nbsp;&nbsp; 593302 |
| Digital Room Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan, 9.018%, 1M TSFR + 5.250%, <br> 12/21/28<br>| 496320 | &nbsp;&nbsp;&nbsp; 478949 |
| Highspring Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan, 8.850%, 3M TSFR + 5.000%, <br> 01/22/29<br>| 111365 | &nbsp;&nbsp;&nbsp; 76911 |

---

**BHFTII-52**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Floating Rate Loans (p)—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Services—(Continued)** | **Commercial Services—(Continued)** | **Commercial Services—(Continued)** |
| Interface Security Systems LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 11/23/27 † (f) (g) (j) | 2122482 | &nbsp;&nbsp;&nbsp; $599601 |
| USAVFLOW II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 10.167%, 1M TSFR + 6.500%, 08/16/29 <br> † (f) (g)<br>| 258125 | &nbsp;&nbsp;&nbsp; 258461 |
|  |  | &nbsp;&nbsp;&nbsp; 2007224 |
| **Computers — 0.5%** | **Computers — 0.5%** | **Computers — 0.5%** |
| Alorica, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan, 10.543%, 1M TSFR + 6.875%, <br> 12/21/27 † (f) (g)<br>| 779713 | &nbsp;&nbsp;&nbsp; 760220 |
| Coreweave Compute Acquisition Co. II LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, 13.308% - 13.557%, 3M TSFR <br> + 9.620%, 07/31/28 † (f) (g) (q)<br>| 1570000 | &nbsp;&nbsp;&nbsp; 1566076 |
| Coreweave Compute Acquisition Co. IV LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Delayed Draw Term Loan, 9.700% - 9.860%, 3M <br> TSFR + 6.000%, 05/16/29 † (f) (g) (q)<br>| 1620986 | &nbsp;&nbsp;&nbsp; 1625038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 5th Amendment Delayed Draw Term Loan, <br> 7.883% - 7.966%, 3M TSFR + 4.250%, 09/30/30 † (f) <br>(g) (q)<br>| 1098947 | &nbsp;&nbsp;&nbsp; 1068726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Fixed Delayed Draw Term Loan, 03/18/32 (r) | 7241000 | &nbsp;&nbsp;&nbsp; 7222898 |
|  |  | &nbsp;&nbsp;&nbsp; 12242958 |
| **Cosmetics/Personal Care — 0.0%** | **Cosmetics/Personal Care — 0.0%** | **Cosmetics/Personal Care — 0.0%** |
| Euro Parfums Fze |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Upsize Term Loan, 8.995%, 6M TSFR + 5.250%, <br> 09/01/28 (f) (g)<br>| 108370 | &nbsp;&nbsp;&nbsp; 107828 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 8.995%, 6M TSFR + 5.250%, 06/23/28 <br> (f) (g)<br>| 152585 | &nbsp;&nbsp;&nbsp; 152021 |
|  |  | &nbsp;&nbsp;&nbsp; 259849 |
| **Diversified Financial Services — 0.1%** | **Diversified Financial Services — 0.1%** | **Diversified Financial Services — 0.1%** |
| Garfunkelux Holdco 3 SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; EUR Term Loan, 6.881%, 3M EURIBOR + 4.750%, <br> 08/01/28 (EUR)<br>| 868000 | &nbsp;&nbsp;&nbsp; 978196 |
| **Electric — 0.0%** | **Electric — 0.0%** | **Electric — 0.0%** |
| CPV Fairview LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 6.200%, 3M TSFR + 2.500%, <br> 08/14/31<br>| 227219 | &nbsp;&nbsp;&nbsp; 226840 |
| Kestrel Acquisition LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 6.700% - 8.750%, PRIME + 2.000%, <br> 3M TSFR + 3.000%, 11/06/31 (q)<br>| 191296 | &nbsp;&nbsp;&nbsp; 191655 |
| Ohio Power Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 6.418%, 1M TSFR + 2.750%, 11/12/32 | 185604 | &nbsp;&nbsp;&nbsp; 185604 |
|  |  | &nbsp;&nbsp;&nbsp; 604099 |
| **Energy-Alternate Sources — 0.0%** | **Energy-Alternate Sources — 0.0%** | **Energy-Alternate Sources — 0.0%** |
| West Deptford Energy Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 7.668% - 9.750%, PRIME + 3.000%, <br> 1M TSFR + 4.000%, 07/24/32 (q)<br>| 263012 | &nbsp;&nbsp;&nbsp; 262848 |
| **Engineering & Construction — 0.0%** | **Engineering & Construction — 0.0%** | **Engineering & Construction — 0.0%** |
| ITG Communications LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 8.450%, 3M TSFR + 4.750%, 07/09/31 | 675750 | &nbsp;&nbsp;&nbsp; 645341 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Entertainment — 0.1%** | **Entertainment — 0.1%** | **Entertainment — 0.1%** |
| Argento LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan A, 04/30/31 (f) (g) (r) | 512000 | &nbsp;&nbsp;&nbsp; $491520 |
| ECL Entertainment LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.668%, 1M TSFR + 3.000%, <br> 08/30/30<br>| 844488 | &nbsp;&nbsp;&nbsp; 840266 |
| J&J Ventures Gaming LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 7.168%, 1M TSFR + <br> 3.500%, 04/26/30<br>| 310211 | &nbsp;&nbsp;&nbsp; 307165 |
| Maverick Gaming LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Second Out Term Loan, 06/05/28 † (f) (g) (j) | 469331 | &nbsp;&nbsp;&nbsp; 18398 |
| Peninsula Pacific Entertainment LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 8.450%, 3M TSFR + 4.750%, <br> 10/01/32<br>| 743401 | &nbsp;&nbsp;&nbsp; 744330 |
| RunItOneTime LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2nd Amendment Final New Money DIP Term Loan, <br> 16.168%, 1M TSFR + 12.500%, 04/16/26 (f) (g)<br>| 164282 | &nbsp;&nbsp;&nbsp; 164084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2nd Amendment Roll Up Term Loan, 4.668%, 1M TSFR <br> + 1.000%, 11.500% PIK, 04/16/26 (f) (g) (h)<br>| 284654 | &nbsp;&nbsp;&nbsp; 281095 |
| &nbsp;&nbsp;&nbsp;&nbsp; Roll-Up DIP Term Loan, 4.668%, 1M TSFR + 1.000%, <br> 11.500% PIK, 04/16/26 (f) (g) (h)<br>| 13901 | &nbsp;&nbsp;&nbsp; 13727 |
|  |  | &nbsp;&nbsp;&nbsp; 2860585 |
| **Healthcare-Services — 0.0%** | **Healthcare-Services — 0.0%** | **Healthcare-Services — 0.0%** |
| Medical Solutions Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 2nd Lien Term Loan, 10.767%, 3M TSFR + <br> 7.000%, 11/01/29<br>| 274000 | &nbsp;&nbsp;&nbsp; 27400 |
| **Lodging — 0.1%** | **Lodging — 0.1%** | **Lodging — 0.1%** |
| Spectacle Gary Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan B, 8.100%, 3M TSFR + 4.250%, <br> 12/11/28<br>| 1175090 | &nbsp;&nbsp;&nbsp; 1144000 |
| **Media — 0.0%** | **Media — 0.0%** | **Media — 0.0%** |
| CSC Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2019 Term Loan B5, 8.250%, PRIME + 1.500%, <br> 04/15/27<br>| 152237 | &nbsp;&nbsp;&nbsp; 134463 |
| DirecTV Financing LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 9.167%, 3M TSFR + 5.500%, <br> 02/17/31<br>| 485350 | &nbsp;&nbsp;&nbsp; 486488 |
|  |  | &nbsp;&nbsp;&nbsp; 620951 |
| **Office/Business Equipment — 0.0%** | **Office/Business Equipment — 0.0%** | **Office/Business Equipment — 0.0%** |
| Xerox Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 Non-CoOp Term Loan, 7.627% - 7.730%, 3M TSFR <br> + 4.000%, 6M TSFR + 4.000%, 11/19/29 (q)<br>| 91792 | &nbsp;&nbsp;&nbsp; 57829 |
| **Pipelines — 0.0%** | **Pipelines — 0.0%** | **Pipelines — 0.0%** |
| Crescent Midstream Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 7.416%, 3M TSFR + 3.750%, 02/18/33 | 518000 | &nbsp;&nbsp;&nbsp; 519619 |
| **Software — 0.0%** | **Software — 0.0%** | **Software — 0.0%** |
| ConnectWise LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan B, 7.461%, 3M TSFR + 3.500%, <br> 09/29/28<br>| 401689 | &nbsp;&nbsp;&nbsp; 371311 |

---

**BHFTII-53**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Floating Rate Loans (p)—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***/<br> **Shares**<br>| <br>**Value**<br>|
| **Telecommunications — 0.0%** | **Telecommunications — 0.0%** | **Telecommunications — 0.0%** |
| Connect Finco SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Extended Term Loan B, 8.168%, 1M TSFR + <br> 4.500%, 09/27/29<br>| 515792 | &nbsp;&nbsp;&nbsp; $517358 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Floating Rate Loans <br>(Cost $25,999,203) <br>|  | &nbsp;&nbsp;&nbsp; 23334215 |
| **Municipals—0.7%** | **Municipals—0.7%** | **Municipals—0.7%** |
| American Municipal Power, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.084%, 02/15/50 | 510000 | &nbsp;&nbsp;&nbsp; 636291 |
| Bay Area Toll Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.043%, 04/01/50 | 909320 | &nbsp;&nbsp;&nbsp; 1023506 |
| City of San Antonio Electric & Gas Systems Revenue |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.808%, 02/01/41 | 875000 | &nbsp;&nbsp;&nbsp; 894781 |
| &nbsp;&nbsp;&nbsp;&nbsp; Los Angeles Community College District, General Obligation <br> Unlimited<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.600%, 08/01/42 | 785000 | &nbsp;&nbsp;&nbsp; 847851 |
| Metropolitan Transportation Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.668%, 11/15/39 | 170000 | &nbsp;&nbsp;&nbsp; 181590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.814%, 11/15/40 | 165000 | &nbsp;&nbsp;&nbsp; 180057 |
| Municipal Electric Authority of Georgia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.637%, 04/01/57 | 443000 | &nbsp;&nbsp;&nbsp; 474911 |
| New Jersey Turnpike Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.414%, 01/01/40 | 492000 | &nbsp;&nbsp;&nbsp; 581556 |
| New York City Municipal Water Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.882%, 06/15/44 | 270000 | &nbsp;&nbsp;&nbsp; 271655 |
| New York State Dormitory Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.389%, 03/15/40 | 355000 | &nbsp;&nbsp;&nbsp; 353495 |
| Port Authority of New York & New Jersey |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.960%, 08/01/46 | 1350000 | &nbsp;&nbsp;&nbsp; 1265490 |
| Port of Beaumont Navigation District |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 07/01/26 | 1005000 | &nbsp;&nbsp;&nbsp; 1005855 |
| State of California, General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 04/01/38 | 3765000 | &nbsp;&nbsp;&nbsp; 3808852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.550%, 04/01/39 | 780000 | &nbsp;&nbsp;&nbsp; 925917 |
| State of Illinois, General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 06/01/33 | 2626372 | &nbsp;&nbsp;&nbsp; 2675245 |
| State of Texas, General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.517%, 04/01/39 | 768594 | &nbsp;&nbsp;&nbsp; 787364 |
| University of California |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.858%, 05/15/2112 | 239000 | &nbsp;&nbsp;&nbsp; 194952 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Municipals <br>(Cost $17,739,569) <br>|  | &nbsp;&nbsp;&nbsp; 16109368 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Preferred Stocks—0.3%** | **Preferred Stocks—0.3%** | **Preferred Stocks—0.3%** |
| **Electronic Equipment, Instruments & Components — 0.0%** | **Electronic Equipment, Instruments & Components — 0.0%** | **Electronic Equipment, Instruments & Components — 0.0%** |
| DroneBase, Inc. Series E-3 † (f) (g) (s) | 164935 | &nbsp;&nbsp;&nbsp; 167341 |
| **Home Builders — 0.1%** | **Home Builders — 0.1%** | **Home Builders — 0.1%** |
| Dream Finders Homes, Inc., 9.000%, 09/08/26 † (f) (g) | 2628 | &nbsp;&nbsp;&nbsp; 2605005 |
| **IT Services — 0.2%** | **IT Services — 0.2%** | **IT Services — 0.2%** |
| Versa Networks, Inc. - Series E, 12.000% PIK † (f) (g) (h) | 678151 | &nbsp;&nbsp;&nbsp; 3628108 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Software — 0.0%** | **Software — 0.0%** | **Software — 0.0%** |
| Lessen Holdings, Inc. † (f) (g) (s) | 23458 | &nbsp;&nbsp;&nbsp; $0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Preferred Stocks <br>(Cost $5,048,898) <br>|  | &nbsp;&nbsp;&nbsp; 6400454 |
| **Common Stocks—0.2%** | **Common Stocks—0.2%** | **Common Stocks—0.2%** |
| **Banks — 0.1%** | **Banks — 0.1%** | **Banks — 0.1%** |
| Flagstar Bank NA (m) | 64367 | &nbsp;&nbsp;&nbsp; 847713 |
| **Capital Markets — 0.0%** | **Capital Markets — 0.0%** | **Capital Markets — 0.0%** |
| Wealthfront Corp. † (s) | 7951 | &nbsp;&nbsp;&nbsp; 73547 |
| **Chemicals — 0.0%** | **Chemicals — 0.0%** | **Chemicals — 0.0%** |
| Methanex Corp.  | 4549 | &nbsp;&nbsp;&nbsp; 270847 |
| **Communications Equipment — 0.0%** | **Communications Equipment — 0.0%** | **Communications Equipment — 0.0%** |
| Vistance Networks, Inc. (s) | 9958 | &nbsp;&nbsp;&nbsp; 181236 |
| **Electrical Equipment — 0.0%** | **Electrical Equipment — 0.0%** | **Electrical Equipment — 0.0%** |
| Freewire Technologies † (f) (g) (s) | 25 | &nbsp;&nbsp;&nbsp; 0 |
| **Energy Equipment & Services — 0.0%** | **Energy Equipment & Services — 0.0%** | **Energy Equipment & Services — 0.0%** |
| Solaris Energy Infrastructure, Inc.  | 2178 | &nbsp;&nbsp;&nbsp; 123079 |
| **Entertainment — 0.0%** | **Entertainment — 0.0%** | **Entertainment — 0.0%** |
| Walt Disney Co.  | 737 | &nbsp;&nbsp;&nbsp; 71032 |
| **Hotels, Restaurants & Leisure — 0.0%** | **Hotels, Restaurants & Leisure — 0.0%** | **Hotels, Restaurants & Leisure — 0.0%** |
| Caesars Entertainment, Inc. (s) | 10022 | &nbsp;&nbsp;&nbsp; 264881 |
| Genius Sports Ltd. (s) | 82693 | &nbsp;&nbsp;&nbsp; 366330 |
| Six Flags Entertainment Corp. (i) (s) | 7778 | &nbsp;&nbsp;&nbsp; 138060 |
| Sonder Holdings, Inc. - Class A † (s) | 4351 | &nbsp;&nbsp;&nbsp; 0 |
|  |  | &nbsp;&nbsp;&nbsp; 769271 |
| **Household Durables — 0.0%** | **Household Durables — 0.0%** | **Household Durables — 0.0%** |
| Century Communities, Inc.  | 4198 | &nbsp;&nbsp;&nbsp; 240881 |
| KB Home | 1549 | &nbsp;&nbsp;&nbsp; 80161 |
| Meritage Homes Corp.  | 3360 | &nbsp;&nbsp;&nbsp; 207782 |
|  |  | &nbsp;&nbsp;&nbsp; 528824 |
| **Machinery — 0.0%** | **Machinery — 0.0%** | **Machinery — 0.0%** |
| Palladyne AI Corp. (i) (s) | 1162 | &nbsp;&nbsp;&nbsp; 7053 |
| **Media — 0.0%** | **Media — 0.0%** | **Media — 0.0%** |
| AMC Networks, Inc. - Class A (s) | 20917 | &nbsp;&nbsp;&nbsp; 142027 |
| EchoStar Corp. - Class A (i) (m) (s) | 6006 | &nbsp;&nbsp;&nbsp; 703122 |
|  |  | &nbsp;&nbsp;&nbsp; 845149 |
| **Metals & Mining — 0.0%** | **Metals & Mining — 0.0%** | **Metals & Mining — 0.0%** |
| Algoma Steel Group, Inc.  | 43096 | &nbsp;&nbsp;&nbsp; 177987 |
| USA Rare Earth, Inc. (i) (s) | 7601 | &nbsp;&nbsp;&nbsp; 115041 |
|  |  | &nbsp;&nbsp;&nbsp; 293028 |
| **Oil, Gas & Consumable Fuels — 0.1%** | **Oil, Gas & Consumable Fuels — 0.1%** | **Oil, Gas & Consumable Fuels — 0.1%** |
| APA Corp.  | 4300 | &nbsp;&nbsp;&nbsp; 182492 |
| Expand Energy Corp.  | 5 | &nbsp;&nbsp;&nbsp; 549 |

---

**BHFTII-54**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

**Warrants—0.0%**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Oil, Gas & Consumable Fuels—(Continued)** | **Oil, Gas & Consumable Fuels—(Continued)** | **Oil, Gas & Consumable Fuels—(Continued)** |
| Marathon Petroleum Corp.  | 657 | &nbsp;&nbsp;&nbsp; $160426 |
| PBF Energy, Inc. - Class A | 3439 | &nbsp;&nbsp;&nbsp; 163765 |
| SM Energy Co.  | 8378 | &nbsp;&nbsp;&nbsp; 261226 |
| Valero Energy Corp.  | 341 | &nbsp;&nbsp;&nbsp; 84255 |
|  |  | &nbsp;&nbsp;&nbsp; 852713 |
| **Trading Companies & Distributors — 0.0%** | **Trading Companies & Distributors — 0.0%** | **Trading Companies & Distributors — 0.0%** |
| QXO, Inc. (s) | 3424 | &nbsp;&nbsp;&nbsp; 66494 |
| **Wireless Telecommunication Services — 0.0%** | **Wireless Telecommunication Services — 0.0%** | **Wireless Telecommunication Services — 0.0%** |
| WOM New Holdco (g) (s) | 1032 | &nbsp;&nbsp;&nbsp; 23736 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $5,557,712) <br>|  | &nbsp;&nbsp;&nbsp; 4953722 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Convertible Bonds—0.1%** | **Convertible Bonds—0.1%** | **Convertible Bonds—0.1%** |
| **Diversified Financial Services — 0.0%** | **Diversified Financial Services — 0.0%** | **Diversified Financial Services — 0.0%** |
| WOM Chile Holdco SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 5.000% PIK, 04/01/32 (144A) (h) | 561274 | &nbsp;&nbsp;&nbsp; 509328 |
| **Energy-Alternate Sources — 0.0%** | **Energy-Alternate Sources — 0.0%** | **Energy-Alternate Sources — 0.0%** |
| Stem, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.500%, 12/01/28 (144A) | 102000 | &nbsp;&nbsp;&nbsp; 41762 |
| **Media — 0.0%** | **Media — 0.0%** | **Media — 0.0%** |
| DISH Network Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 08/15/26 | 130000 | &nbsp;&nbsp;&nbsp; 125320 |
| **Oil & Gas Services — 0.1%** | **Oil & Gas Services — 0.1%** | **Oil & Gas Services — 0.1%** |
| Solaris Energy Infrastructure, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.250%, 10/01/31 | 804000 | &nbsp;&nbsp;&nbsp; 1003995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 05/01/30 | 388000 | &nbsp;&nbsp;&nbsp; 920724 |
|  |  | &nbsp;&nbsp;&nbsp; 1924719 |
| **Software — 0.0%** | **Software — 0.0%** | **Software — 0.0%** |
| Core Scientific, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/15/31 (144A) | 71000 | &nbsp;&nbsp;&nbsp; 77568 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Convertible Bonds <br>(Cost $1,975,153) <br>|  | &nbsp;&nbsp;&nbsp; 2678697 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Convertible Preferred Stocks—0.0%** | **Convertible Preferred Stocks—0.0%** | **Convertible Preferred Stocks—0.0%** |
| **Aerospace & Defense — 0.0%** | **Aerospace & Defense — 0.0%** | **Aerospace & Defense — 0.0%** |
| Boeing Co., 6.000%, 10/15/27 | 5400 | &nbsp;&nbsp;&nbsp; 350352 |
| **IT Services — 0.0%** | **IT Services — 0.0%** | **IT Services — 0.0%** |
| Cohesity Global, Inc. - Series G-1 (s) | 1382 | &nbsp;&nbsp;&nbsp; 26949 |
| Cohesity Global, Inc. - Series G (s) | 2000 | &nbsp;&nbsp;&nbsp; 39000 |
|  |  | &nbsp;&nbsp;&nbsp; 65949 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Convertible Preferred Stocks <br>(Cost $337,440) <br>|  | &nbsp;&nbsp;&nbsp; 416301 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Hotels, Restaurants & Leisure — 0.0%** | **Hotels, Restaurants & Leisure — 0.0%** | **Hotels, Restaurants & Leisure — 0.0%** |
| Sonder Holdings, Inc. Expires 04/11/30 † (f) (g) (s) | 43128 | &nbsp;&nbsp;&nbsp; $0 |
| Sonder Holdings, Inc. Expires 12/30/29 † (f) (g) (s) | 4323 | &nbsp;&nbsp;&nbsp; 0 |
|  |  | &nbsp;&nbsp;&nbsp; 0 |
| **IT Services — 0.0%** | **IT Services — 0.0%** | **IT Services — 0.0%** |
| Versa Networks, Inc., Expires 10/07/32 † (f) (g) (s) | 83584 | &nbsp;&nbsp;&nbsp; 329321 |
| **Machinery — 0.0%** | **Machinery — 0.0%** | **Machinery — 0.0%** |
| Palladyne AI Corp., Expires 09/24/26 (s) | 102425 | &nbsp;&nbsp;&nbsp; 6427 |
| **Oil & Gas — 0.0%** | **Oil & Gas — 0.0%** | **Oil & Gas — 0.0%** |
| Insight M, Inc., Expires 01/31/29 (f) (g) (s) | 499269 | &nbsp;&nbsp;&nbsp; 0 |
| **Software — 0.0%** | **Software — 0.0%** | **Software — 0.0%** |
| Aurora Innovation, Inc., Expires 11/03/26 (s) | 2636 | &nbsp;&nbsp;&nbsp; 524 |
| Latch, Inc., Expires 06/04/26 (s) | 6439 | &nbsp;&nbsp;&nbsp; 3 |
|  |  | &nbsp;&nbsp;&nbsp; 527 |
| **Specialty Retail — 0.0%** | **Specialty Retail — 0.0%** | **Specialty Retail — 0.0%** |
| EVgo, Inc., Expires 07/01/26 (s) | 12581 | &nbsp;&nbsp;&nbsp; 302 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Warrants <br>(Cost $172,352) <br>|  | &nbsp;&nbsp;&nbsp; 336577 |
| **Escrow Shares—0.0%** | **Escrow Shares—0.0%** | **Escrow Shares—0.0%** |
| **Oil & Gas — 0.0%** | **Oil & Gas — 0.0%** | **Oil & Gas — 0.0%** |
| Chesapeake Energy Corp. (f) (g) (s) | 100000 | &nbsp;&nbsp;&nbsp; 0 |
| **Savings & Loans — 0.0%** | **Savings & Loans — 0.0%** | **Savings & Loans — 0.0%** |
| Washington Mutual, Inc. (f) (g) (s) | 8777000 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Escrow Shares <br>(Cost $0) <br>|  | &nbsp;&nbsp;&nbsp; 0 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—3.9%** | **Short-Term Investments—3.9%** | **Short-Term Investments—3.9%** |
| **Repurchase Agreement—3.9%** | **Repurchase Agreement—3.9%** | **Repurchase Agreement—3.9%** |
| Fixed Income Clearing Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 2.500%, due <br> on 04/01/26, with a maturity value of $97,212,470; <br> collateralized by U.S. Treasury Note at 4.375%, maturing <br> 07/15/27, with a market value of $99,149,933<br>| 97205719 | &nbsp;&nbsp;&nbsp; 97205719 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $97,205,719) <br>|  | &nbsp;&nbsp;&nbsp; 97205719 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (t)—0.3%** | **Securities Lending Reinvestments (t)—0.3%** | **Securities Lending Reinvestments (t)—0.3%** |
| **Short-Term Investment Funds—0.2%** | **Short-Term Investment Funds—0.2%** | **Short-Term Investment Funds—0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (u)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br>Institutional Shares 3.530% (u)<br>| 200000 | &nbsp;&nbsp;&nbsp; 200000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco STIT-Government & Agency Portfolio, <br>Institutional Class 3.580% (u)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |

---

**BHFTII-55**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Securities Lending Reinvestments (t)—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Short-Term Investment Funds—(Continued)** | **Short-Term Investment Funds—(Continued)** | **Short-Term Investment Funds—(Continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares 3.580% (u)<br>| 1000000 | &nbsp;&nbsp;&nbsp; $1000000 |
|  |  | &nbsp;&nbsp;&nbsp; 3200000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Repurchase Agreements—0.1%** | **Repurchase Agreements—0.1%** | **Repurchase Agreements—0.1%** |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due <br> on 04/01/26 with a maturity value of $1,000,101; <br> collateralized by U.S. Treasury Obligations with rates <br> ranging from 0.000% - 5.000%, maturity dates ranging <br> from 06/30/26 - 02/15/54, and an aggregate market <br> value of $1,020,000<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.700%, due <br> on 04/01/26 with a maturity value of $100,010; <br> collateralized by various Common Stock with an <br> aggregate market value of $111,228<br>| 100000 | &nbsp;&nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.770%, due <br> on 04/01/26 with a maturity value of $200,021; <br> collateralized by various Common Stock with an <br> aggregate market value of $222,456<br>| 200000 | &nbsp;&nbsp;&nbsp; 200000 |
| Citigroup Global Markets, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.690%, due <br> on 04/01/26 with a maturity value of $500,051; <br> collateralized by U.S. Treasury Obligations with rates <br> ranging from 0.125% - 6.125%, maturity dates ranging <br> from 06/15/27 - 02/15/32, and various Common <br> Stock with an aggregate market value of $510,007<br>| 500000 | &nbsp;&nbsp;&nbsp; 500000 |
| National Bank Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due <br> on 04/01/26 with a maturity value of $50,005; <br> collateralized by U.S. Treasury Bond at 3.875%, <br> maturing 02/15/43, and various Common Stock with <br> an aggregate market value of $55,549<br>| 50000 | &nbsp;&nbsp;&nbsp; 50000 |
| NatWest Markets Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due <br> on 04/01/26 with a maturity value of $821,075; <br> collateralized by U.S. Treasury Obligations with rates <br> ranging from 1.125% - 4.875%, maturity dates ranging <br> from 09/15/26 - 08/15/35, and an aggregate market <br> value of $837,496<br>| 820992 | &nbsp;&nbsp;&nbsp; 820992 |
|  |  | &nbsp;&nbsp;&nbsp; 2670992 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $5,870,992) <br>|  | &nbsp;&nbsp;&nbsp; 5870992 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Purchased Options—0.0% (v) <br>(Cost $1,056,169) <br>|  | &nbsp;&nbsp;&nbsp; 572717 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—113.4% <br>(Cost $2,924,570,980) <br>|  | &nbsp;&nbsp;&nbsp; 2806615050 |
| Other assets and liabilities (net)—(13.4)%  |  | &nbsp;&nbsp;&nbsp; (331091595)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $2475523455 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| \* | 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 <br> legal restrictions on resale. These securities generally may be resold in transactions exempt <br> from registration or to the public if the securities are subsequently registered. Disposal of <br> these securities may involve time-consuming negotiations and prompt sale at an acceptable <br> price may be difficult. As of March 31, 2026, the market value of restricted securities was <br> $24,722,998, which is 1.0% of net assets. See details shown in the Restricted Securities table <br>|

---

---

| | |
|:---|:---|
|  | that follows. |
| (a) | Variable or floating rate security. The stated rate represents the rate at March 31, 2026. <br> Maturity date shown for callable securities reflects the earliest possible call date. For <br> securities based on a published reference index and spread, the index and spread are <br> indicated in the description above. For certain variable rate securities, the coupon rate is <br> determined by the issuer/agent based on current market conditions. For certain asset- and <br> mortgage-backed securities, the coupon rate may fluctuate based on changes of the <br> underlying collateral or prepayments of principal. These securities do not indicate a reference <br> index and spread in their description above.<br>|
| (b) | Principal only security. |
| (c) | Interest only security. |
| (d) | All or a portion of the security was pledged as collateral for TBA securities. As of March 31, <br> 2026, the market value of securities pledged was $6,388,122.<br>|
| (e) | TBA (To Be Announced) Securities are purchased on a forward commitment basis with an <br> approximate principal amount and no defined maturity date. The actual principal and <br> maturity date will be determined upon settlement date.<br>|
| (f) | Security was valued in good faith under procedures subject to oversight by the Board of <br> Trustees. As of March 31, 2026, these securities represent 1.6% of net assets.<br>|
| (g) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. <br> Level 3.<br>|
| (h) | Payment-in kind security for which part of the income earned may be paid as additional <br> principal.<br>|
| (i) | All or a portion of the security was held on loan. As of March 31, 2026, the market value of <br> securities loaned was $36,630,451 and the collateral received consisted of cash in the <br> amount of $5,870,992 and non-cash collateral with a value of $31,960,273. The cash <br> collateral investments are disclosed in the Schedule of Investments and categorized as <br> Securities Lending Reinvestments. The non-cash collateral received consists of U.S. <br> government securities that are held in safe-keeping by the lending agent, or a third-party <br> custodian, and cannot be sold or repledged by the Portfolio.<br>|
| (j) | Non-income producing; security is in default and/or issuer is in bankruptcy. |
| (k) | Perpetual bond with no specified maturity date. |
| (l) | Security is a "step up" bond where coupon increases or steps up at a predetermined date. <br> Rate shown is current coupon rate.<br>|
| (m) | All or a portion of the security was pledged as collateral against open OTC derivative <br> contracts. As of March 31, 2026, the market value of securities pledged was $5,891,972.<br>|
| (n) | All or a portion of the security was pledged as collateral against open futures contracts. As of <br> March 31, 2026, the market value of securities pledged was $5,931,055.<br>|
| (o) | Principal amount of security is adjusted for inflation. |
| (p) | Floating rate loans ("Senior Loans") often require prepayments from excess cash flows or <br> permit the borrowers to repay at their election. The degree to which borrowers repay, <br> whether as a contractual requirement or at their election, cannot be predicted with accuracy. <br> As a result, the actual remaining maturity may be substantially less than the stated maturities <br> shown. However, Senior Loans will generally have an expected average life of approximately <br> two to four years. Senior Loans typically have rates of interest which are determined <br> periodically by reference to a base lending rate, plus a spread. These base rates are primarily <br> the Secured Overnight Financing Rate and secondarily, the prime rate offered by one or more <br> major United States banks. Base lending rates may be subject to a floor, or a minimum rate.<br>|
| (q) | The stated interest rates represent the range of rates applicable to the underlying contracts <br> within the loan tranche as of March 31, 2026.<br>|
| (r) | This loan will settle after March 31, 2026, at which time the interest rate will be determined. |
| (s) | Non-income producing security. |
| (t) | Represents investment of cash collateral received from securities on loan as of March 31, <br> 2026.<br>|
| (u) | The rate shown represents the annualized seven-day yield as of March 31, 2026. |
| (v) | For a breakout of open positions, see details shown in the Purchased Options table <br> that follows.<br>|
| (144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These <br> securities may be resold in transactions exempt from registration, normally to qualified <br> institutional buyers. As of March 31, 2026, the market value of 144A securities was <br> $599,251,264, which is 24.2% of net assets.<br>|

---

**BHFTII-56**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Restricted Securities** | **Acquisition** <br>**Date**<br>| **Shares/** <br>**Principal** <br>**Amount** | **Shares/** <br>**Principal** <br>**Amount** | **Cost** | **Value** |
| Aethon III BR LLC, 9.850%, 01/10/27 | 09/19/25 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 451536 | &nbsp;&nbsp; $449523 | &nbsp;&nbsp; $451536 |
| Alorica, Inc., 10.543%, 12/21/27 | 01/26/23 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 779713 | &nbsp;&nbsp; 776972 | &nbsp;&nbsp; 760220 |
| Continuum Energy Pte. Ltd., 12.850%, 05/11/27 | 05/16/24-03/11/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1534944 | &nbsp;&nbsp; 1528107 | &nbsp;&nbsp; 1529265 |
| Coreweave Compute Acquisition Co. II LLC, 13.308% - 13.557%, 07/31/28 | 07/31/23 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1570000 | &nbsp;&nbsp; 1569426 | &nbsp;&nbsp; 1566076 |
| Coreweave Compute Acquisition Co. IV LLC, 7.883% - 7.966%, 09/30/30 | 09/29/25 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1098947 | &nbsp;&nbsp; 1092981 | &nbsp;&nbsp; 1068726 |
| Coreweave Compute Acquisition Co. IV LLC, 9.700% - 9.860%, 05/16/29 | 05/20/24 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1620986 | &nbsp;&nbsp; 1620986 | &nbsp;&nbsp; 1625038 |
| Dream Finders Homes, Inc., 9.000%, 09/08/26 | 09/29/21 |  | &nbsp;&nbsp; 2628 | &nbsp;&nbsp; 2601720 | &nbsp;&nbsp; 2605005 |
| DroneBase, Inc. Series E-3 | 01/28/26 |  | &nbsp;&nbsp; 164935 | &nbsp;&nbsp; 164500 | &nbsp;&nbsp; 167341 |
| Freewire Technologies | 03/21/24 |  | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 0 |
| Homes by WestBay, LLC, 11.000%, 02/06/30 | 02/06/24 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 3134000 | &nbsp;&nbsp; 3094792 | &nbsp;&nbsp; 3094825 |
| Interface Security Systems LLC, 11/23/27 | 08/13/19-02/27/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 2122482 | &nbsp;&nbsp; 1921804 | &nbsp;&nbsp; 599601 |
| Knollwood CDO Ltd., 9.950%, 01/10/39 | 02/10/04 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1509674 | &nbsp;&nbsp; 1509674 | &nbsp;&nbsp; 151 |
| Lessen Holdings, Inc. | 01/05/23 |  | &nbsp;&nbsp; 23458 | &nbsp;&nbsp; 303694 | &nbsp;&nbsp; 0 |
| Lessen Holdings, Inc., 12.436%, 01/05/28 | 01/05/23-03/31/25 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1853537 | &nbsp;&nbsp; 1826964 | &nbsp;&nbsp; 1392377 |
| Maverick Gaming LLC, 06/05/28 | 04/03/24-01/03/25 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 469331 | &nbsp;&nbsp; 467278 | &nbsp;&nbsp; 18398 |
| Morgan Stanley Bank of America Merrill Lynch Trust, 1.061%, 12/15/47 | 06/22/16 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1810000 | &nbsp;&nbsp; 121537 | &nbsp;&nbsp; 18 |
| New Generation Gas Gathering LLC, 8.700%, 09/30/29 | 09/30/24-08/28/25 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1425541 | &nbsp;&nbsp; 1409312 | &nbsp;&nbsp; 1434522 |
| Oceana Australian Fixed Income Trust, 10.500%, 07/31/28 | 01/14/25 | &nbsp;&nbsp; AUD | &nbsp;&nbsp; 639000 | &nbsp;&nbsp; 395509 | &nbsp;&nbsp; 434838 |
| Oceana Australian Fixed Income Trust, 12.500%, 07/31/27 | 08/31/23 | &nbsp;&nbsp; AUD | &nbsp;&nbsp; 759000 | &nbsp;&nbsp; 491794 | &nbsp;&nbsp; 532208 |
| Oceana Australian Fixed Income Trust, 12.500%, 07/31/26 | 08/31/23 | &nbsp;&nbsp; AUD | &nbsp;&nbsp; 456000 | &nbsp;&nbsp; 295465 | &nbsp;&nbsp; 316190 |
| Pioneer MidCo. LLC, 11.625%, 11/18/30 | 01/27/23-12/30/25 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1452844 | &nbsp;&nbsp; 1434889 | &nbsp;&nbsp; 1451101 |
| Service Properties Trust, Zero Coupon, 09/30/28 | 09/15/25 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 318000 | &nbsp;&nbsp; 281203 | &nbsp;&nbsp; 289315 |
| Service Properties Trust, 4.375%, 02/15/30 | 07/24/25 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 88430 | &nbsp;&nbsp; 88802 |
| Service Properties Trust, 5.500%, 12/15/27 | 11/17/20 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 71000 | &nbsp;&nbsp; 71000 | &nbsp;&nbsp; 71093 |
| Service Properties Trust, 8.875%, 06/15/32 | 05/17/24-01/21/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 715000 | &nbsp;&nbsp; 695088 | &nbsp;&nbsp; 708664 |
| Sonder Holdings, Inc., Zero Coupon, 12/10/27 | 01/19/22-09/30/25 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1807372 | &nbsp;&nbsp; 1796933 | &nbsp;&nbsp; 0 |
| Sonder Holdings, Inc. - Class A | 08/13/24 |  | &nbsp;&nbsp; 4351 | &nbsp;&nbsp; 43 | &nbsp;&nbsp; 0 |
| Sonder Holdings, Inc. Expires 04/11/30 | 04/11/25 |  | &nbsp;&nbsp; 43128 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 |
| Sonder Holdings, Inc. Expires 12/30/29 | 12/30/24 |  | &nbsp;&nbsp; 4323 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 |
| USAVFLOW II Ltd., 10.167%, 08/16/29 | 08/20/24 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 258125 | &nbsp;&nbsp; 258125 | &nbsp;&nbsp; 258461 |
| Versa Networks, Inc. - Series E | 10/14/22 |  | &nbsp;&nbsp; 678151 | &nbsp;&nbsp; 1978984 | &nbsp;&nbsp; 3628108 |
| Versa Networks, Inc., Expires 10/07/32 | 10/14/22 |  | &nbsp;&nbsp; 83584 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 329321 |
| VoltaGrid LLC, 7.375%, 11/01/30 | 11/06/25 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 221000 | &nbsp;&nbsp; 221000 | &nbsp;&nbsp; 228251 |
| Wealthfront Corp. | 12/12/25-01/14/26 |  | &nbsp;&nbsp; 7951 | &nbsp;&nbsp; 83891 | &nbsp;&nbsp; 73547 |
|  |  |  |  |  | &nbsp;&nbsp; $24722998 |

---

**TBA Forward Sale Commitments** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Security Description** | **Interest** <br>**Rate**<br>| **Maturity** | **Face** <br> **Amount**<br>| **Cost** | **Value** |
| Government National Mortgage Association, TBA | 3.000<br> %<br>| &nbsp;&nbsp;&nbsp; TBA | &nbsp;&nbsp;&nbsp; $(304000)<br>| &nbsp;&nbsp;&nbsp; $(271348)<br>| &nbsp;&nbsp;&nbsp; $(271348)<br>|
| Uniform Mortgage-Backed Security, TBA | 1.500<br> %<br>| &nbsp;&nbsp;&nbsp; TBA | &nbsp;&nbsp;&nbsp; (2697000)<br>| &nbsp;&nbsp;&nbsp; (2424877)<br>| &nbsp;&nbsp;&nbsp; (2424072)<br>|
| Uniform Mortgage-Backed Security, TBA | 2.000<br> %<br>| &nbsp;&nbsp;&nbsp; TBA | &nbsp;&nbsp;&nbsp; (14209000)<br>| &nbsp;&nbsp;&nbsp; (12133789)<br>| &nbsp;&nbsp;&nbsp; (12058802)<br>|
| Uniform Mortgage-Backed Security, TBA | 4.000<br> %<br>| &nbsp;&nbsp;&nbsp; TBA | &nbsp;&nbsp;&nbsp; (6015000)<br>| &nbsp;&nbsp;&nbsp; (5730302)<br>| &nbsp;&nbsp;&nbsp; (5676737)<br>|
| Uniform Mortgage-Backed Security, TBA | 4.500<br> %<br>| &nbsp;&nbsp;&nbsp; TBA | &nbsp;&nbsp;&nbsp; (3394000)<br>| &nbsp;&nbsp;&nbsp; (3245275)<br>| &nbsp;&nbsp;&nbsp; (3117069)<br>|
| Uniform Mortgage-Backed Security, TBA | 5.000<br> %<br>| &nbsp;&nbsp;&nbsp; TBA | &nbsp;&nbsp;&nbsp; (9660000)<br>| &nbsp;&nbsp;&nbsp; (9660612)<br>| &nbsp;&nbsp;&nbsp; (9509272)<br>|
| Totals | Totals | Totals | Totals | &nbsp;&nbsp;&nbsp; $(33466203)<br>| &nbsp;&nbsp;&nbsp; $(33057300)<br>|

---

**BHFTII-57**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Investments in Derivative Instruments**

**Forward Foreign Currency Exchange Contracts** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contracts to Buy**  | **Contracts to Buy**  | **Counterparty**  | **Settlement** <br>**Date**<br>| **In Exchange** <br>**for** | **In Exchange** <br>**for** | **Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| ARS | &nbsp;&nbsp; 138725622 | CBNA | 04/23/26 | USD | 89460 | &nbsp;&nbsp; $9597 |
| BRL | &nbsp;&nbsp; 679120 | BBP | 04/02/26 | USD | 130000 | &nbsp;&nbsp; 1108 |
| BRL | &nbsp;&nbsp; 1447048 | BBP | 04/02/26 | USD | 277000 | &nbsp;&nbsp; 2361 |
| BRL | &nbsp;&nbsp; 2674025 | BBP | 04/02/26 | USD | 512324 | &nbsp;&nbsp; 3912 |
| BRL | &nbsp;&nbsp; 2690896 | BBP | 05/05/26 | USD | 506636 | &nbsp;&nbsp; 9704 |
| BRL | &nbsp;&nbsp; 13849459 | BNP | 04/02/26 | USD | 2653458 | &nbsp;&nbsp; 20260 |
| BRL | &nbsp;&nbsp; 20199862 | BNP | 04/02/26 | USD | 3846911 | &nbsp;&nbsp; 52789 |
| BRL | &nbsp;&nbsp; 13936629 | BNP | 05/05/26 | USD | 2637525 | &nbsp;&nbsp; 36694 |
| BRL | &nbsp;&nbsp; 1953568 | CBNA | 04/02/26 | USD | 377636 | &nbsp;&nbsp; (488)<br>|
| BRL | &nbsp;&nbsp; 10511011 | CBNA | 04/02/26 | USD | 2029525 | &nbsp;&nbsp; (313)<br>|
| BRL | &nbsp;&nbsp; 999590 | CBNA | 04/02/26 | USD | 191514 | &nbsp;&nbsp; 1462 |
| BRL | &nbsp;&nbsp; 1067983 | CBNA | 04/02/26 | USD | 204618 | &nbsp;&nbsp; 1562 |
| BRL | &nbsp;&nbsp; 990190 | CBNA | 04/02/26 | USD | 189000 | &nbsp;&nbsp; 2162 |
| BRL | &nbsp;&nbsp; 1005907 | CBNA | 04/02/26 | USD | 192000 | &nbsp;&nbsp; 2196 |
| BRL | &nbsp;&nbsp; 2598242 | CBNA | 04/02/26 | USD | 497805 | &nbsp;&nbsp; 3801 |
| BRL | &nbsp;&nbsp; 16475228 | CBNA | 04/02/26 | USD | 3156537 | &nbsp;&nbsp; 24101 |
| BRL | &nbsp;&nbsp; 17549 | DBAG | 04/02/26 | USD | 3362 | &nbsp;&nbsp; 26 |
| BRL | &nbsp;&nbsp; 5446951 | GSI | 06/17/26 | USD | 1021080 | &nbsp;&nbsp; 12963 |
| BRL | &nbsp;&nbsp; 6764146 | GSI | 06/17/26 | USD | 1268000 | &nbsp;&nbsp; 16098 |
| BRL | &nbsp;&nbsp; 6769480 | GSI | 06/17/26 | USD | 1269000 | &nbsp;&nbsp; 16111 |
| BRL | &nbsp;&nbsp; 1812497 | HSBC | 04/02/26 | USD | 342000 | &nbsp;&nbsp; 7913 |
| BRL | &nbsp;&nbsp; 13714610 | HSBC | 06/17/26 | USD | 2559460 | &nbsp;&nbsp; 44106 |
| BRL | &nbsp;&nbsp; 2607073 | SSBT | 04/02/26 | USD | 501794 | &nbsp;&nbsp; 1516 |
| BRL | &nbsp;&nbsp; 1329163 | SSBT | 04/02/26 | USD | 253691 | &nbsp;&nbsp; 2912 |
| BRL | &nbsp;&nbsp; 1286628 | SSBT | 04/02/26 | USD | 242266 | &nbsp;&nbsp; 6125 |
| BRL | &nbsp;&nbsp; 2612509 | SSBT | 04/02/26 | USD | 492118 | &nbsp;&nbsp; 12242 |
| BRL | &nbsp;&nbsp; 827577 | SSBT | 06/02/26 | USD | 149177 | &nbsp;&nbsp; 8498 |
| CHF | &nbsp;&nbsp; 151881 | NWM | 04/24/26 | USD | 194000 | &nbsp;&nbsp; (3592)<br>|
| CHF | &nbsp;&nbsp; 163545 | NWM | 04/24/26 | USD | 208000 | &nbsp;&nbsp; (2970)<br>|
| CLP | &nbsp;&nbsp; 1111901353 | UBSA | 04/24/26 | USD | 1201484 | &nbsp;&nbsp; (563)<br>|
| CLP | &nbsp;&nbsp; 595983360 | UBSA | 04/24/26 | USD | 644000 | &nbsp;&nbsp; (302)<br>|
| CNH | &nbsp;&nbsp; 3098884 | UBSA | 04/24/26 | USD | 451000 | &nbsp;&nbsp; (370)<br>|
| CNH | &nbsp;&nbsp; 17392994 | UBSA | 04/24/26 | USD | 2527186 | &nbsp;&nbsp; 2046 |
| COP | &nbsp;&nbsp; 702324000 | HSBC | 04/24/26 | USD | 189000 | &nbsp;&nbsp; 1204 |
| COP | &nbsp;&nbsp; 955012000 | HSBC | 04/24/26 | USD | 257000 | &nbsp;&nbsp; 1638 |
| COP | &nbsp;&nbsp; 1809835787 | MSIP | 04/24/26 | USD | 484237 | &nbsp;&nbsp; 5905 |
| COP | &nbsp;&nbsp; 4518780000 | MSIP | 06/17/26 | USD | 1176000 | &nbsp;&nbsp; 34034 |
| COP | &nbsp;&nbsp; 105224878 | SSBT | 07/07/26 | USD | 27352 | &nbsp;&nbsp; 698 |
| CZK | &nbsp;&nbsp; 22576948 | HSBC | 04/24/26 | USD | 1068533 | &nbsp;&nbsp; (5003)<br>|
| CZK | &nbsp;&nbsp; 8375042 | HSBC | 04/24/26 | USD | 398000 | &nbsp;&nbsp; (3478)<br>|
| CZK | &nbsp;&nbsp; 12007845 | HSBC | 04/28/26 | USD | 563503 | &nbsp;&nbsp; 2177 |
| EGP | &nbsp;&nbsp; 11179512 | CBNA | 04/20/26 | USD | 227457 | &nbsp;&nbsp; (26565)<br>|
| EGP | &nbsp;&nbsp; 5603100 | CBNA | 04/20/26 | USD | 114000 | &nbsp;&nbsp; (13314)<br>|
| EUR | &nbsp;&nbsp; 55661 | HSBC | 04/28/26 | USD | 64564 | &nbsp;&nbsp; (149)<br>|
| EUR | &nbsp;&nbsp; 312250 | MSIP | 04/24/26 | USD | 363104 | &nbsp;&nbsp; (1813)<br>|
| EUR | &nbsp;&nbsp; 193361 | NWM | 04/24/26 | USD | 224141 | &nbsp;&nbsp; (411)<br>|
| EUR | &nbsp;&nbsp; 105171 | SSBT | 04/28/26 | USD | 120885 | &nbsp;&nbsp; 827 |
| HUF | &nbsp;&nbsp; 63956350 | BBP | 04/24/26 | USD | 191000 | &nbsp;&nbsp; 1025 |
| HUF | &nbsp;&nbsp; 348926414 | MSIP | 04/24/26 | USD | 1033698 | &nbsp;&nbsp; 13930 |
| IDR | &nbsp;&nbsp; 2938016278 | BBP | 04/27/26 | USD | 172621 | &nbsp;&nbsp; 174 |
| IDR | &nbsp;&nbsp; 19980640000 | BBP | 06/17/26 | USD | 1175000 | &nbsp;&nbsp; (1256)<br>|
| IDR | &nbsp;&nbsp; 39700558883 | CBNA | 04/24/26 | USD | 2345731 | &nbsp;&nbsp; (10653)<br>|
| IDR | &nbsp;&nbsp; 2623313000 | CBNA | 04/24/26 | USD | 155000 | &nbsp;&nbsp; (704)<br>|
| IDR | &nbsp;&nbsp; 5126792452 | CBNA | 04/27/26 | USD | 304021 | &nbsp;&nbsp; (2495)<br>|
| IDR | &nbsp;&nbsp; 7691850490 | HSBC | 04/27/26 | USD | 451514 | &nbsp;&nbsp; 873 |

---

**BHFTII-58**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Forward Foreign Currency Exchange Contracts — (Continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contracts to Buy**  | **Contracts to Buy**  | **Counterparty**  | **Settlement**<br> **Date**<br>| **In Exchange**<br> **for** | **In Exchange**<br> **for** | **Unrealized**<br> **Appreciation/**<br> **(Depreciation)**<br>|
| IDR | &nbsp;&nbsp; 2049894372 | JPMC | 04/28/26 | USD | 120410 | &nbsp;&nbsp; $150 |
| INR | &nbsp;&nbsp; 23792120 | BBP | 04/02/26 | USD | 253000 | &nbsp;&nbsp; (2157)<br>|
| INR | &nbsp;&nbsp; 23473391 | CBNA | 04/02/26 | USD | 248136 | &nbsp;&nbsp; (654)<br>|
| INR | &nbsp;&nbsp; 214964224 | CBNA | 05/27/26 | USD | 2255599 | &nbsp;&nbsp; (1062)<br>|
| INR | &nbsp;&nbsp; 6099360 | CBNA | 05/27/26 | USD | 64000 | &nbsp;&nbsp; (30)<br>|
| INR | &nbsp;&nbsp; 18250050 | CBNA | 07/06/26 | USD | 191000 | &nbsp;&nbsp; (327)<br>|
| INR | &nbsp;&nbsp; 11752650 | CBNA | 07/06/26 | USD | 123000 | &nbsp;&nbsp; (210)<br>|
| INR | &nbsp;&nbsp; 211390227 | JPMC | 04/24/26 | USD | 2255599 | &nbsp;&nbsp; (31056)<br>|
| INR | &nbsp;&nbsp; 29708606 | JPMC | 04/24/26 | USD | 317000 | &nbsp;&nbsp; (4365)<br>|
| JPY | &nbsp;&nbsp; 32630814 | BOA | 04/24/26 | USD | 206000 | &nbsp;&nbsp; (8)<br>|
| KRW | &nbsp;&nbsp; 470902660 | HSBC | 04/24/26 | USD | 314000 | &nbsp;&nbsp; (6365)<br>|
| KRW | &nbsp;&nbsp; 351906758 | HSBC | 04/24/26 | USD | 234653 | &nbsp;&nbsp; (4757)<br>|
| MXN | &nbsp;&nbsp; 69124616 | BOA | 06/17/26 | USD | 3839190 | &nbsp;&nbsp; (6129)<br>|
| MXN | &nbsp;&nbsp; 23651591 | GSI | 06/17/26 | USD | 1315000 | &nbsp;&nbsp; (3485)<br>|
| MXN | &nbsp;&nbsp; 13867582 | GSI | 06/17/26 | USD | 770810 | &nbsp;&nbsp; (1832)<br>|
| MXN | &nbsp;&nbsp; 1181600 | GSI | 08/18/26 | USD | 64429 | &nbsp;&nbsp; 737 |
| MXN | &nbsp;&nbsp; 4608100 | GSI | 08/18/26 | USD | 250744 | &nbsp;&nbsp; 3397 |
| MXN | &nbsp;&nbsp; 2893779 | HSBC | 04/28/26 | USD | 162680 | &nbsp;&nbsp; (1521)<br>|
| MXN | &nbsp;&nbsp; 21777453 | MSIP | 04/24/26 | USD | 1223000 | &nbsp;&nbsp; (9775)<br>|
| MXN | &nbsp;&nbsp; 42412417 | MSIP | 04/24/26 | USD | 2371853 | &nbsp;&nbsp; (9051)<br>|
| MXN | &nbsp;&nbsp; 11593329 | MSIP | 04/27/26 | USD | 667122 | &nbsp;&nbsp; (21418)<br>|
| MXN | &nbsp;&nbsp; 921617 | MSIP | 04/27/26 | USD | 53029 | &nbsp;&nbsp; (1698)<br>|
| MXN | &nbsp;&nbsp; 29538903 | MSIP | 08/18/26 | USD | 1568666 | &nbsp;&nbsp; 60433 |
| MXN | &nbsp;&nbsp; 7969555 | UBSA | 04/27/26 | USD | 445236 | &nbsp;&nbsp; (1362)<br>|
| MXN | &nbsp;&nbsp; 3666350 | UBSA | 04/27/26 | USD | 202302 | &nbsp;&nbsp; 1900 |
| MYR | &nbsp;&nbsp; 12617213 | BBP | 04/24/26 | USD | 3225259 | &nbsp;&nbsp; (107010)<br>|
| MYR | &nbsp;&nbsp; 1361376 | BBP | 04/24/26 | USD | 348000 | &nbsp;&nbsp; (11546)<br>|
| NGN | &nbsp;&nbsp; 106056250 | CBNA | 07/28/26 | USD | 71000 | &nbsp;&nbsp; 1906 |
| NGN | &nbsp;&nbsp; 222093737 | CBNA | 07/28/26 | USD | 148682 | &nbsp;&nbsp; 3991 |
| PEN | &nbsp;&nbsp; 935801 | BBP | 04/27/26 | USD | 278264 | &nbsp;&nbsp; (9672)<br>|
| PEN | &nbsp;&nbsp; 532122 | BBP | 04/27/26 | USD | 158247 | &nbsp;&nbsp; (5518)<br>|
| PEN | &nbsp;&nbsp; 443504 | CBNA | 04/24/26 | USD | 128000 | &nbsp;&nbsp; (687)<br>|
| PEN | &nbsp;&nbsp; 752230 | CBNA | 04/28/26 | USD | 217357 | &nbsp;&nbsp; (1464)<br>|
| PEN | &nbsp;&nbsp; 571670 | CBNA | 05/04/26 | USD | 171000 | &nbsp;&nbsp; (6979)<br>|
| PEN | &nbsp;&nbsp; 571944 | CBNA | 05/04/26 | USD | 171000 | &nbsp;&nbsp; (6900)<br>|
| PEN | &nbsp;&nbsp; 320938 | CBNA | 05/04/26 | USD | 96000 | &nbsp;&nbsp; (3918)<br>|
| PEN | &nbsp;&nbsp; 321091 | CBNA | 05/04/26 | USD | 96000 | &nbsp;&nbsp; (3874)<br>|
| PHP | &nbsp;&nbsp; 3853917 | BBP | 04/27/26 | USD | 65177 | &nbsp;&nbsp; (1806)<br>|
| PHP | &nbsp;&nbsp; 9724488 | CBNA | 04/27/26 | USD | 160709 | &nbsp;&nbsp; (807)<br>|
| PHP | &nbsp;&nbsp; 6810945 | GSI | 04/27/26 | USD | 112671 | &nbsp;&nbsp; (677)<br>|
| PHP | &nbsp;&nbsp; 6811454 | JPMC | 04/27/26 | USD | 112744 | &nbsp;&nbsp; (742)<br>|
| PLN | &nbsp;&nbsp; 6459475 | CIBC | 04/24/26 | USD | 1751332 | &nbsp;&nbsp; (11327)<br>|
| SGD | &nbsp;&nbsp; 245541 | CIBC | 04/24/26 | USD | 193000 | &nbsp;&nbsp; (1721)<br>|
| THB | &nbsp;&nbsp; 11681595 | BBP | 04/17/26 | USD | 376962 | &nbsp;&nbsp; (22355)<br>|
| THB | &nbsp;&nbsp; 11573539 | BBP | 04/17/26 | USD | 373475 | &nbsp;&nbsp; (22148)<br>|
| THB | &nbsp;&nbsp; 7000306 | BBP | 04/17/26 | USD | 226108 | &nbsp;&nbsp; (13607)<br>|
| THB | &nbsp;&nbsp; 6935552 | BBP | 04/17/26 | USD | 224017 | &nbsp;&nbsp; (13481)<br>|
| THB | &nbsp;&nbsp; 3489308 | BBP | 04/17/26 | USD | 112704 | &nbsp;&nbsp; (6782)<br>|
| THB | &nbsp;&nbsp; 3457031 | BBP | 04/17/26 | USD | 111661 | &nbsp;&nbsp; (6719)<br>|
| THB | &nbsp;&nbsp; 20290926 | BBP | 04/27/26 | USD | 641730 | &nbsp;&nbsp; (25296)<br>|
| THB | &nbsp;&nbsp; 3498680 | CBNA | 04/17/26 | USD | 112970 | &nbsp;&nbsp; (6764)<br>|
| THB | &nbsp;&nbsp; 3466316 | CBNA | 04/17/26 | USD | 111925 | &nbsp;&nbsp; (6701)<br>|
| THB | &nbsp;&nbsp; 3476649 | CBNA | 04/17/26 | USD | 112150 | &nbsp;&nbsp; (6613)<br>|
| THB | &nbsp;&nbsp; 3444489 | CBNA | 04/17/26 | USD | 111113 | &nbsp;&nbsp; (6552)<br>|
| THB | &nbsp;&nbsp; 87169458 | HSBC | 04/24/26 | USD | 2666385 | &nbsp;&nbsp; (18817)<br>|
| THB | &nbsp;&nbsp; 23897852 | HSBC | 04/24/26 | USD | 731000 | &nbsp;&nbsp; (5159)<br>|
| THB | &nbsp;&nbsp; 3498053 | JPMC | 04/17/26 | USD | 112895 | &nbsp;&nbsp; (6708)<br>|
| THB | &nbsp;&nbsp; 3465695 | JPMC | 04/17/26 | USD | 111851 | &nbsp;&nbsp; (6646)<br>|
| THB | &nbsp;&nbsp; 4230784 | MSIP | 04/24/26 | USD | 128000 | &nbsp;&nbsp; 500 |

---

**BHFTII-59**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Forward Foreign Currency Exchange Contracts — (Continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contracts to Buy**  | **Contracts to Buy**  | **Counterparty**  | **Settlement**<br> **Date**<br>| **In Exchange**<br> **for** | **In Exchange**<br> **for** | **Unrealized**<br> **Appreciation/**<br> **(Depreciation)**<br>|
| THB | &nbsp;&nbsp; 4495208 | MSIP | 04/24/26 | USD | 136000 | &nbsp;&nbsp; $531 |
| TRY | &nbsp;&nbsp; 6620573 | BBP | 04/27/26 | USD | 143064 | &nbsp;&nbsp; 1315 |
| ZAR | &nbsp;&nbsp; 9454682 | BBP | 04/24/26 | USD | 562000 | &nbsp;&nbsp; (4169)<br>|
| ZAR | &nbsp;&nbsp; 33597416 | CIBC | 04/24/26 | USD | 1985569 | &nbsp;&nbsp; (3304)<br>|
| ZAR | &nbsp;&nbsp; 4274587 | CBNA | 04/24/26 | USD | 253000 | &nbsp;&nbsp; (797)<br>|
| ZAR | &nbsp;&nbsp; 3159477 | CBNA | 04/24/26 | USD | 187000 | &nbsp;&nbsp; (589)<br>|
| ZAR | &nbsp;&nbsp; 64916864 | CBNA | 06/17/26 | USD | 3839190 | &nbsp;&nbsp; (24781)<br>|
| ZAR | &nbsp;&nbsp; 4815228 | GSI | 04/28/26 | USD | 287948 | &nbsp;&nbsp; (3931)<br>|
| ZAR | &nbsp;&nbsp; 3261783 | MSIP | 04/24/26 | USD | 191000 | &nbsp;&nbsp; 1447 |
| ZAR | &nbsp;&nbsp; 2506728 | NWM | 04/28/26 | USD | 148676 | &nbsp;&nbsp; (821)<br>|
| ZAR | &nbsp;&nbsp; 40982504 | SSBT | 06/17/26 | USD | 2444000 | &nbsp;&nbsp; (35935)<br>|
| ZAR | &nbsp;&nbsp; 12925342 | SSBT | 06/17/26 | USD | 770810 | &nbsp;&nbsp; (11338)<br>|
| ZAR | &nbsp;&nbsp; 4731728 | UBSA | 04/28/26 | USD | 287083 | &nbsp;&nbsp; (7990)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contracts to Deliver** | **Contracts to Deliver** |  |  |  |  |  |
| AUD | &nbsp;&nbsp; 460500 | ANZ | 04/24/26 | USD | 323604 | &nbsp;&nbsp; 5966 |
| AUD | &nbsp;&nbsp; 696000 | ANZ | 06/17/26 | USD | 491229 | &nbsp;&nbsp; 11557 |
| AUD | &nbsp;&nbsp; 124107 | BOA | 04/24/26 | USD | 86777 | &nbsp;&nbsp; 1172 |
| AUD | &nbsp;&nbsp; 273000 | BBP | 04/24/26 | USD | 188341 | &nbsp;&nbsp; 34 |
| AUD | &nbsp;&nbsp; 270000 | BBP | 04/24/26 | USD | 186272 | &nbsp;&nbsp; 34 |
| BRL | &nbsp;&nbsp; 2674025 | BBP | 04/02/26 | USD | 506636 | &nbsp;&nbsp; (9600)<br>|
| BRL | &nbsp;&nbsp; 1447048 | BBP | 04/02/26 | USD | 277244 | &nbsp;&nbsp; (2117)<br>|
| BRL | &nbsp;&nbsp; 679120 | BBP | 04/02/26 | USD | 130115 | &nbsp;&nbsp; (993)<br>|
| BRL | &nbsp;&nbsp; 13849459 | BNP | 04/02/26 | USD | 2637525 | &nbsp;&nbsp; (36193)<br>|
| BRL | &nbsp;&nbsp; 20199862 | BNP | 04/02/26 | USD | 3870150 | &nbsp;&nbsp; (29550)<br>|
| BRL | &nbsp;&nbsp; 20199862 | BNP | 05/05/26 | USD | 3822850 | &nbsp;&nbsp; (53185)<br>|
| BRL | &nbsp;&nbsp; 324258 | BNP | 05/05/26 | USD | 62000 | &nbsp;&nbsp; (220)<br>|
| BRL | &nbsp;&nbsp; 10511011 | CBNA | 04/02/26 | USD | 2013835 | &nbsp;&nbsp; (15376)<br>|
| BRL | &nbsp;&nbsp; 1067983 | CBNA | 04/02/26 | USD | 203000 | &nbsp;&nbsp; (3180)<br>|
| BRL | &nbsp;&nbsp; 999590 | CBNA | 04/02/26 | USD | 190000 | &nbsp;&nbsp; (2977)<br>|
| BRL | &nbsp;&nbsp; 1953568 | CBNA | 04/02/26 | USD | 374290 | &nbsp;&nbsp; (2858)<br>|
| BRL | &nbsp;&nbsp; 1005907 | CBNA | 04/02/26 | USD | 192725 | &nbsp;&nbsp; (1472)<br>|
| BRL | &nbsp;&nbsp; 990190 | CBNA | 04/02/26 | USD | 189713 | &nbsp;&nbsp; (1449)<br>|
| BRL | &nbsp;&nbsp; 16475228 | CBNA | 04/02/26 | USD | 3181129 | &nbsp;&nbsp; 491 |
| BRL | &nbsp;&nbsp; 2598242 | CBNA | 04/02/26 | USD | 502255 | &nbsp;&nbsp; 650 |
| BRL | &nbsp;&nbsp; 1652990 | CBNA | 05/05/26 | USD | 314000 | &nbsp;&nbsp; (3183)<br>|
| BRL | &nbsp;&nbsp; 1621404 | CBNA | 05/05/26 | USD | 308000 | &nbsp;&nbsp; (3122)<br>|
| BRL | &nbsp;&nbsp; 26058160 | CBNA | 06/17/26 | USD | 4912000 | &nbsp;&nbsp; (34852)<br>|
| BRL | &nbsp;&nbsp; 17549 | DBAG | 04/02/26 | USD | 3334 | &nbsp;&nbsp; (54)<br>|
| BRL | &nbsp;&nbsp; 35595785 | GSI | 06/17/26 | USD | 6672750 | &nbsp;&nbsp; (84714)<br>|
| BRL | &nbsp;&nbsp; 1812497 | HSBC | 04/02/26 | USD | 347262 | &nbsp;&nbsp; (2651)<br>|
| BRL | &nbsp;&nbsp; 5246216 | SSBT | 04/02/26 | USD | 940941 | &nbsp;&nbsp; (71871)<br>|
| BRL | &nbsp;&nbsp; 3698000 | SSBT | 04/02/26 | USD | 665563 | &nbsp;&nbsp; (48357)<br>|
| BRL | &nbsp;&nbsp; 1207150 | SSBT | 06/02/26 | USD | 216673 | &nbsp;&nbsp; (13322)<br>|
| BRL | &nbsp;&nbsp; 839756 | SSBT | 06/02/26 | USD | 150613 | &nbsp;&nbsp; (9383)<br>|
| BRL | &nbsp;&nbsp; 29277965 | UBSA | 06/17/26 | USD | 5507000 | &nbsp;&nbsp; (51096)<br>|
| CAD | &nbsp;&nbsp; 264003 | JPMC | 04/24/26 | USD | 193000 | &nbsp;&nbsp; 3028 |
| CAD | &nbsp;&nbsp; 471778 | JPMC | 04/24/26 | USD | 344000 | &nbsp;&nbsp; 4516 |
| CLP | &nbsp;&nbsp; 236855000 | CBNA | 04/24/26 | USD | 254000 | &nbsp;&nbsp; (1818)<br>|
| CLP | &nbsp;&nbsp; 173445000 | CBNA | 04/24/26 | USD | 186000 | &nbsp;&nbsp; (1331)<br>|
| CNH | &nbsp;&nbsp; 3693740 | HSBC | 04/27/26 | USD | 534957 | &nbsp;&nbsp; (2285)<br>|
| CNH | &nbsp;&nbsp; 3118519 | MSIP | 04/27/26 | USD | 450186 | &nbsp;&nbsp; (3392)<br>|
| COP | &nbsp;&nbsp; 4256414384 | CBNA | 04/28/26 | USD | 1134348 | &nbsp;&nbsp; (16999)<br>|
| COP | &nbsp;&nbsp; 82225000 | MSIP | 04/24/26 | USD | 22000 | &nbsp;&nbsp; (268)<br>|
| COP | &nbsp;&nbsp; 7261928321 | MSIP | 04/27/26 | USD | 1926880 | &nbsp;&nbsp; (38039)<br>|
| COP | &nbsp;&nbsp; 1093985926 | SSBT | 07/07/26 | USD | 281447 | &nbsp;&nbsp; (10184)<br>|
| COP | &nbsp;&nbsp; 397692902 | SSBT | 07/07/26 | USD | 103364 | &nbsp;&nbsp; (2652)<br>|

---

**BHFTII-60**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Forward Foreign Currency Exchange Contracts — (Continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contracts to Deliver** | **Contracts to Deliver** | **Counterparty**  | **Settlement**<br> **Date**<br>| **In Exchange**<br> **for** | **In Exchange**<br> **for** | **Unrealized**<br> **Appreciation/**<br> **(Depreciation)**<br>|
| COP | &nbsp;&nbsp; 707288652 | SSBT | 07/07/26 | USD | 186153 | &nbsp;&nbsp; $(2394)<br>|
| COP | &nbsp;&nbsp; 744700791 | SSBT | 07/07/26 | USD | 196803 | &nbsp;&nbsp; (1718)<br>|
| COP | &nbsp;&nbsp; 149927576 | SSBT | 07/07/26 | USD | 38968 | &nbsp;&nbsp; (1000)<br>|
| COP | &nbsp;&nbsp; 270514313 | SSBT | 07/07/26 | USD | 71310 | &nbsp;&nbsp; (803)<br>|
| COP | &nbsp;&nbsp; 256872924 | SSBT | 07/07/26 | USD | 68199 | &nbsp;&nbsp; (277)<br>|
| CZK | &nbsp;&nbsp; 1776211 | CIBC | 04/27/26 | USD | 86099 | &nbsp;&nbsp; 2424 |
| CZK | &nbsp;&nbsp; 1773519 | DBAG | 04/27/26 | USD | 86214 | &nbsp;&nbsp; 2666 |
| CZK | &nbsp;&nbsp; 12727698 | HSBC | 04/27/26 | USD | 616605 | &nbsp;&nbsp; 17021 |
| CZK | &nbsp;&nbsp; 18514168 | MSIP | 04/28/26 | USD | 901703 | &nbsp;&nbsp; 29516 |
| EUR | &nbsp;&nbsp; 125786 | BBP | 04/28/26 | USD | 148741 | &nbsp;&nbsp; 3172 |
| EUR | &nbsp;&nbsp; 196061 | BBP | 04/28/26 | USD | 231840 | &nbsp;&nbsp; 4944 |
| EUR | &nbsp;&nbsp; 224116 | BBP | 04/28/26 | USD | 265016 | &nbsp;&nbsp; 5651 |
| EUR | &nbsp;&nbsp; 5820000 | BBP | 06/17/26 | USD | 6713865 | &nbsp;&nbsp; (36560)<br>|
| EUR | &nbsp;&nbsp; 419558 | NWM | 06/17/26 | USD | 486240 | &nbsp;&nbsp; (392)<br>|
| EUR | &nbsp;&nbsp; 1149000 | NWM | 06/17/26 | USD | 1336773 | &nbsp;&nbsp; 4086 |
| EUR | &nbsp;&nbsp; 18986 | SSBT | 04/16/26 | USD | 22258 | &nbsp;&nbsp; 299 |
| EUR | &nbsp;&nbsp; 57669 | SSBT | 04/28/26 | USD | 68308 | &nbsp;&nbsp; 1569 |
| EUR | &nbsp;&nbsp; 2710141 | SSBT | 06/17/26 | USD | 3152025 | &nbsp;&nbsp; 8623 |
| EUR | &nbsp;&nbsp; 1900000 | TDB | 06/17/26 | USD | 2191586 | &nbsp;&nbsp; (12161)<br>|
| GBP | &nbsp;&nbsp; 109000 | NWM | 04/24/26 | USD | 146357 | &nbsp;&nbsp; 2089 |
| GBP | &nbsp;&nbsp; 198000 | NWM | 04/24/26 | USD | 264935 | &nbsp;&nbsp; 2870 |
| GBP | &nbsp;&nbsp; 5113000 | SSBT | 06/17/26 | USD | 6790780 | &nbsp;&nbsp; 24734 |
| HUF | &nbsp;&nbsp; 138354407 | HSBC | 04/27/26 | USD | 422784 | &nbsp;&nbsp; 7472 |
| IDR | &nbsp;&nbsp; 43115670400 | BBP | 06/17/26 | USD | 2535500 | &nbsp;&nbsp; 2711 |
| IDR | &nbsp;&nbsp; 4694912010 | BNP | 04/27/26 | USD | 275807 | &nbsp;&nbsp; (319)<br>|
| IDR | &nbsp;&nbsp; 29749308612 | BNP | 04/27/26 | USD | 1755184 | &nbsp;&nbsp; 5517 |
| IDR | &nbsp;&nbsp; 7297061444 | CBNA | 04/28/26 | USD | 431373 | &nbsp;&nbsp; 2214 |
| IDR | &nbsp;&nbsp; 1040965380 | MSIP | 04/27/26 | USD | 61266 | &nbsp;&nbsp; 43 |
| IDR | &nbsp;&nbsp; 7523912000 | SCB | 04/24/26 | USD | 443000 | &nbsp;&nbsp; 464 |
| INR | &nbsp;&nbsp; 23792120 | BBP | 04/02/26 | USD | 251506 | &nbsp;&nbsp; 663 |
| INR | &nbsp;&nbsp; 23845250 | BBP | 04/24/26 | USD | 253000 | &nbsp;&nbsp; 2067 |
| INR | &nbsp;&nbsp; 23473391 | CBNA | 04/02/26 | USD | 253000 | &nbsp;&nbsp; 5518 |
| INR | &nbsp;&nbsp; 6064640 | CBNA | 04/24/26 | USD | 64000 | &nbsp;&nbsp; 179 |
| INR | &nbsp;&nbsp; 213740561 | CBNA | 04/24/26 | USD | 2255599 | &nbsp;&nbsp; 6322 |
| INR | &nbsp;&nbsp; 18041765 | CBNA | 05/27/26 | USD | 191000 | &nbsp;&nbsp; 1779 |
| INR | &nbsp;&nbsp; 38256097 | CBNA | 05/27/26 | USD | 405000 | &nbsp;&nbsp; 3771 |
| INR | &nbsp;&nbsp; 7164680 | HSBC | 10/01/26 | USD | 74000 | &nbsp;&nbsp; (354)<br>|
| JPY | &nbsp;&nbsp; 56755000 | UBSA | 06/17/26 | USD | 359393 | &nbsp;&nbsp; (503)<br>|
| MXN | &nbsp;&nbsp; 15844152 | CBNA | 06/17/26 | USD | 879571 | &nbsp;&nbsp; 990 |
| MXN | &nbsp;&nbsp; 4481617 | GSI | 04/24/26 | USD | 247000 | &nbsp;&nbsp; (2672)<br>|
| MXN | &nbsp;&nbsp; 35328603 | HSBC | 08/18/26 | USD | 1982247 | &nbsp;&nbsp; 33842 |
| MXN | &nbsp;&nbsp; 2511198 | JPMC | 04/24/26 | USD | 139071 | &nbsp;&nbsp; (828)<br>|
| MXN | &nbsp;&nbsp; 1641177 | JPMC | 04/24/26 | USD | 90889 | &nbsp;&nbsp; (541)<br>|
| MXN | &nbsp;&nbsp; 4363769 | MSIP | 04/24/26 | USD | 241929 | &nbsp;&nbsp; (1177)<br>|
| MXN | &nbsp;&nbsp; 2851912 | MSIP | 04/24/26 | USD | 158111 | &nbsp;&nbsp; (769)<br>|
| MXN | &nbsp;&nbsp; 4337985 | SSBT | 04/27/26 | USD | 244808 | &nbsp;&nbsp; 3199 |
| MXN | &nbsp;&nbsp; 79645156 | SSBT | 04/27/26 | USD | 4521126 | &nbsp;&nbsp; 85197 |
| MXN | &nbsp;&nbsp; 2863070 | SSBT | 04/28/26 | USD | 161224 | &nbsp;&nbsp; 1776 |
| MXN | &nbsp;&nbsp; 9183661 | SSBT | 04/28/26 | USD | 530202 | &nbsp;&nbsp; 18750 |
| PEN | &nbsp;&nbsp; 752230 | CBNA | 04/28/26 | USD | 223426 | &nbsp;&nbsp; 7533 |
| PEN | &nbsp;&nbsp; 661491 | DBAG | 04/24/26 | USD | 189000 | &nbsp;&nbsp; (889)<br>|
| PEN | &nbsp;&nbsp; 664608 | HSBC | 05/04/26 | USD | 192000 | &nbsp;&nbsp; 1314 |
| PEN | &nbsp;&nbsp; 1440045 | MSIP | 04/27/26 | USD | 428416 | &nbsp;&nbsp; 15097 |
| PHP | &nbsp;&nbsp; 15369480 | BBP | 04/24/26 | USD | 252000 | &nbsp;&nbsp; (767)<br>|
| PHP | &nbsp;&nbsp; 11283150 | BBP | 04/24/26 | USD | 185000 | &nbsp;&nbsp; (563)<br>|
| PHP | &nbsp;&nbsp; 46886947 | CBNA | 04/27/26 | USD | 788626 | &nbsp;&nbsp; 17653 |
| PHP | &nbsp;&nbsp; 129450374 | HSBC | 04/27/26 | USD | 2184208 | &nbsp;&nbsp; 55625 |

---

**BHFTII-61**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Forward Foreign Currency Exchange Contracts — (Continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contracts to Deliver** | **Contracts to Deliver** | **Counterparty**  | **Settlement**<br> **Date**<br>| **In Exchange**<br> **for** | **In Exchange**<br> **for** | **Unrealized**<br> **Appreciation/**<br> **(Depreciation)**<br>|
| PHP | &nbsp;&nbsp; 25881040 | JPMC | 04/28/26 | USD | 431566 | &nbsp;&nbsp; $6022 |
| PLN | &nbsp;&nbsp; 51544 | CBNA | 04/28/26 | USD | 13938 | &nbsp;&nbsp; 54 |
| PLN | &nbsp;&nbsp; 151508 | HSBC | 04/27/26 | USD | 40994 | &nbsp;&nbsp; 182 |
| PLN | &nbsp;&nbsp; 3487327 | HSBC | 04/28/26 | USD | 974771 | &nbsp;&nbsp; 35388 |
| PLN | &nbsp;&nbsp; 10128741 | NWM | 04/27/26 | USD | 2828824 | &nbsp;&nbsp; 100435 |
| SGD | &nbsp;&nbsp; 245430 | HSBC | 04/24/26 | USD | 193000 | &nbsp;&nbsp; 1807 |
| THB | &nbsp;&nbsp; 8304660 | CBNA | 04/24/26 | USD | 252000 | &nbsp;&nbsp; (235)<br>|
| THB | &nbsp;&nbsp; 8139885 | CBNA | 04/24/26 | USD | 247000 | &nbsp;&nbsp; (230)<br>|
| THB | &nbsp;&nbsp; 32162841 | JPMC | 04/27/26 | USD | 1035874 | &nbsp;&nbsp; 58773 |
| THB | &nbsp;&nbsp; 52370835 | JPMC | 04/27/26 | USD | 1686716 | &nbsp;&nbsp; 95701 |
| TRY | &nbsp;&nbsp; 1383135 | BBP | 04/27/26 | USD | 29888 | &nbsp;&nbsp; (275)<br>|
| TRY | &nbsp;&nbsp; 7563754 | BBP | 05/04/26 | USD | 162865 | &nbsp;&nbsp; (587)<br>|
| TRY | &nbsp;&nbsp; 4859952 | UBSA | 04/24/26 | USD | 106000 | &nbsp;&nbsp; (401)<br>|
| UYU | &nbsp;&nbsp; 4508410 | HSBC | 04/27/26 | USD | 117747 | &nbsp;&nbsp; 6675 |
| ZAR | &nbsp;&nbsp; 4254624 | BOA | 04/24/26 | USD | 247000 | &nbsp;&nbsp; (4025)<br>|
| ZAR | &nbsp;&nbsp; 79016321 | CIBC | 04/28/26 | USD | 4849721 | &nbsp;&nbsp; 189092 |
| ZAR | &nbsp;&nbsp; 5032023 | HSBC | 04/28/26 | USD | 303373 | &nbsp;&nbsp; 6568 |
| ZAR | &nbsp;&nbsp; 15057992 | MSIP | 06/17/26 | USD | 879571 | &nbsp;&nbsp; (5212)<br>|
| ZAR | &nbsp;&nbsp; 26482497 | NWM | 04/28/26 | USD | 1647128 | &nbsp;&nbsp; 85108 |
| ZAR | &nbsp;&nbsp; 2619589 | SSBT | 04/28/26 | USD | 161465 | &nbsp;&nbsp; 6953 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Cross Currency** <br> **Contracts to Buy** | **Cross Currency** <br> **Contracts to Buy** |  |  |  |  |  |
| COP | &nbsp;&nbsp; 905775798 | MSIP | 04/24/26 | GBP | 182000 | &nbsp;&nbsp; 4415 |
| EUR | &nbsp;&nbsp; 201145 | CIBC | 04/24/26 | HUF | 78614661 | &nbsp;&nbsp; (3299)<br>|
| EUR | &nbsp;&nbsp; 55000 | CBNA | 04/24/26 | HUF | 21216755 | &nbsp;&nbsp; (64)<br>|
| HUF | &nbsp;&nbsp; 21412860 | MSIP | 04/24/26 | EUR | 55000 | &nbsp;&nbsp; 653 |
| Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | &nbsp;&nbsp; $193581 |

---

**Futures Contracts** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Long** | **Expiration** <br>**Date**<br>| **Number of** <br>**Contracts**<br>| **Notional** <br>**Value** | **Notional** <br>**Value** | **Value/** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| 3 Month SOFR Futures | &nbsp;&nbsp;&nbsp; 03/16/27 | &nbsp;&nbsp;&nbsp; 532 | USD | 128165450 | &nbsp;&nbsp;&nbsp; $(616216)<br>|
| 3 Month SOFR Futures | &nbsp;&nbsp;&nbsp; 03/14/28 | &nbsp;&nbsp;&nbsp; 143 | USD | 34532713 | &nbsp;&nbsp;&nbsp; (35681)<br>|
| 3 Month SOFR Futures | &nbsp;&nbsp;&nbsp; 03/20/29 | &nbsp;&nbsp;&nbsp; 143 | USD | 34498750 | &nbsp;&nbsp;&nbsp; 9040 |
| 30 Day Federal Funds Futures | &nbsp;&nbsp;&nbsp; 07/31/26 | &nbsp;&nbsp;&nbsp; 3 | USD | 1204721 | &nbsp;&nbsp;&nbsp; (3505)<br>|
| Australian 3 Year Treasury Bond Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; 356 | AUD | 36901144 | &nbsp;&nbsp;&nbsp; (132351)<br>|
| Australian 10 Year Treasury Bond Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; 135 | AUD | 14546760 | &nbsp;&nbsp;&nbsp; (98249)<br>|
| Euro-Bobl Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; 10 | EUR | 1154300 | &nbsp;&nbsp;&nbsp; (11903)<br>|
| Euro-BTP Short-Term Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; 23 | EUR | 2434550 | &nbsp;&nbsp;&nbsp; (19573)<br>|
| S&P 500 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 7 | USD | 2299763 | &nbsp;&nbsp;&nbsp; (52541)<br>|
| U.S. Treasury Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 22 | USD | 2505250 | &nbsp;&nbsp;&nbsp; 30245 |
| U.S. Treasury Note 2 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; 1231 | USD | 255365179 | &nbsp;&nbsp;&nbsp; (694852)<br>|
| U.S. Treasury Note 5 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; 233 | USD | 25205867 | &nbsp;&nbsp;&nbsp; (154235)<br>|
| U.S. Treasury Note Ultra 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 432 | USD | 49038750 | &nbsp;&nbsp;&nbsp; (720574)<br>|
| U.S. Treasury Ultra Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 276 | USD | 32171250 | &nbsp;&nbsp;&nbsp; (526212)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Short** |  |  |  |  |  |
| Euro STOXX 50 Index Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; (32)<br>| EUR | (1758400)<br>| &nbsp;&nbsp;&nbsp; 39209 |
| Euro-Bund Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; (2)<br>| EUR | (250780)<br>| &nbsp;&nbsp;&nbsp; 2102 |
| Russell 2000 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (14)<br>| USD | (1758540)<br>| &nbsp;&nbsp;&nbsp; 3168 |

---

**BHFTII-62**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Futures Contracts — (Continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Short** | **Expiration**<br> **Date**<br>| **Number of**<br> **Contracts**<br>| **Notional**<br> **Value** | **Notional**<br> **Value** | **Value/**<br> **Unrealized**<br> **Appreciation/**<br> **(Depreciation)**<br>|
| U.S. Treasury Note 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (126)<br>| USD | (13991906)<br>| &nbsp;&nbsp;&nbsp; $(112500)<br>|
| Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | &nbsp;&nbsp;&nbsp; $(3094628)<br>|

---

**Purchased Options** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Foreign Currency Options** | **Strike** <br>**Price** | **Strike** <br>**Price** | **Expiration** <br>**Date**<br>| **Counterparty** | **Number of** <br>**Contracts**<br>| **Notional** <br>**Amount** | **Notional** <br>**Amount** | **Premiums** <br>**Paid**<br>| **Market** <br>**Value**<br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| AUD Call/USD Put | USD | 0.685 | 07/06/26 | GSI | 71600 | AUD | 71600 | $756 | $1221 | $465 |
| AUD Call/USD Put | USD | 0.685 | 07/06/26 | GSI | 953110 | AUD | 953110 | 9674 | 16247 | 6573 |
| BRL Call/USD Put | BRL | 5.160 | 04/22/26 | GSI | 188000 | USD | 188000 | 887 | 1604 | 717 |
| CLP Call/USD Put | CLP | 850.000 | 04/13/26 | DBAG | 397000 | USD | 397000 | 146 | 8 | (138)<br>|
| EUR Call/BRL Put | BRL | 6.290 | 04/09/26 | CBNA | 415567 | EUR | 415567 | 891 | 240 | (651)<br>|
| HUF Call/USD Put | HUF | 333.000 | 04/01/26 | HSBC | 935000 | USD | 935000 | 14814 | 3323 | (11491)<br>|
| HUF Call/USD Put | HUF | 333.000 | 04/28/26 | BBP | 935000 | USD | 935000 | 18934 | 21031 | 2097 |
| HUF Call/USD Put | HUF | 335.000 | 04/08/26 | MSIP | 1397000 | USD | 1397000 | 19893 | 19872 | (21)<br>|
| IDR Call/USD Put | IDR | 16400.000 | 05/04/26 | HSBC | 1039500 | USD | 1039500 | 1185 | 144 | (1041)<br>|
| INR Call/USD Put | INR | 89.000 | 05/11/26 | SCB | 114000 | USD | 114000 | 13840 | 1569 | (12271)<br>|
| INR Call/USD Put | INR | 92.400 | 01/08/27 | HSBC | 1321000 | USD | 1321000 | 20878 | 6176 | (14702)<br>|
| KRW Call/USD Put | KRW | 1415.000 | 04/09/26 | HSBC | 81000 | USD | 81000 | 14604 | 377 | (14227)<br>|
| MXN Call/EUR Put | MXN | 19.800 | 05/14/26 | BOA | 45000 | EUR | 45000 | 6173 | 1212 | (4961)<br>|
| USD Call/AUD Put | USD | 0.690 | 04/02/26 | BNP | 89500 | AUD | 89500 | 236 | 243 | 7 |
| USD Call/BRL Put | BRL | 5.450 | 04/27/26 | UBSA | 1072000 | USD | 1072000 | 18085 | 4129 | (13956)<br>|
| USD Call/CLP Put | CLP | 910.000 | 04/13/26 | HSBC | 192000 | USD | 192000 | 2022 | 4312 | 2290 |
| USD Call/CLP Put | CLP | 910.000 | 04/13/26 | HSBC | 205000 | USD | 205000 | 2159 | 4604 | 2445 |
| USD Call/COP Put | COP | 3850.000 | 05/22/26 | MSIP | 734000 | USD | 734000 | 15561 | 6552 | (9009)<br>|
| USD Call/COP Put | COP | 3920.000 | 05/27/26 | MSIP | 15400 | USD | 15400 | 417 | 97 | (320)<br>|
| USD Call/COP Put | COP | 3920.000 | 05/27/26 | UBSA | 60200 | USD | 60200 | 1768 | 381 | (1387)<br>|
| USD Call/COP Put | COP | 3920.000 | 05/27/26 | UBSA | 836001 | USD | 836001 | 25573 | 5293 | (20280)<br>|
| USD Call/EUR Put | USD | 1.125 | 06/04/26 | DBAG | 139300 | EUR | 139300 | 17434 | 21909 | 4475 |
| USD Call/EUR Put | USD | 1.140 | 04/15/26 | CBNA | 1147000 | EUR | 1147000 | 10046 | 2836 | (7210)<br>|
| USD Call/EUR Put | USD | 1.165 | 04/01/26 | GSI | 1213000 | EUR | 1213000 | 6507 | 10625 | 4118 |
| USD Call/MXN Put | MXN | 18.100 | 04/22/26 | JPMC | 532700 | USD | 532700 | 8273 | 5063 | (3210)<br>|
| USD Call/THB Put | THB | 32.000 | 04/09/26 | MSIP | 524000 | USD | 524000 | 3698 | 10093 | 6395 |
| USD Call/THB Put | THB | 33.000 | 04/22/26 | SCB | 444000 | USD | 444000 | 4554 | 2911 | (1643)<br>|
| USD Call/ZAR Put | ZAR | 16.600 | 04/01/26 | MSIP | 878000 | USD | 878000 | 14022 | 16858 | 2836 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | $253030 | $168930 | $(84100)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Interest Rate Swaptions** | **Strike** <br>**Rate**<br>| **Floating** <br>**Rate Index**<br>| **Pay/Receive** <br>**Floating** <br> **Rate**<br>| **Expiration** <br>**Date**<br>| **Counterparty** | **Number of** <br>**Contracts**<br>| **Notional** <br>**Amount** | **Notional** <br>**Amount** | **Premiums** <br>**Paid**<br>| **Market** <br>**Value**<br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| Call - OTC - 1 Yr. IRS | 3.000<br> %<br>| SOFR | Pay | 06/08/26 | GSI | 108898743 | USD | 108898743 | $131996 | $29858 | $(102138)<br>|
| Call - OTC - 10 Yr. IRS | 4.050<br> %<br>| SOFR | Pay | 03/30/28 | DBAG | 2456299 | USD | 2456299 | 93953 | 90293 | (3660)<br>|
| Call - OTC - 10 Yr. IRS | 4.110<br> %<br>| SOFR | Pay | 03/27/28 | DBAG | 2456302 | USD | 2456302 | 95796 | 96452 | 656 |
| Call - OTC - 30 Yr. IRS | 3.550<br> %<br>| SOFR | Pay | 04/30/26 | BOA | 22014000 | USD | 22014000 | 280476 | 3622 | (276854)<br>|
| Put - OTC - 10 Yr. IRS | 4.050<br> %<br>| SOFR | Receive | 03/30/28 | DBAG | 2456299 | USD | 2456299 | 93953 | 89873 | (4080)<br>|
| Put - OTC - 10 Yr. IRS | 4.110<br> %<br>| SOFR | Receive | 03/27/28 | DBAG | 2456302 | USD | 2456302 | 95796 | 84322 | (11474)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | $791970 | $394420 | $(397550)<br>|

---

**BHFTII-63**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Purchased Options — (Continued)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Options on Exchange-Traded Futures Contracts** | **Strike** <br>**Price** | **Strike** <br>**Price** | **Expiration** <br>**Date**<br>| **Number of** <br>**Contracts**<br>| **Notional** <br>**Amount** | **Notional** <br>**Amount** | **Premiums** <br>**Paid**<br>| **Market** <br>**Value**<br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| Call - U.S. Treasury Long Bond Futures | USD | 115.000 | 04/24/26 | &nbsp;&nbsp; 5 | USD | 5000 | &nbsp;&nbsp; $3758 | &nbsp;&nbsp; $3984 | &nbsp;&nbsp; $226 |
| Call - U.S. Treasury Note 5 Year Futures | USD | 108.500 | 04/24/26 | &nbsp;&nbsp; 13 | USD | 13000 | &nbsp;&nbsp; 4903 | &nbsp;&nbsp; 4367 | &nbsp;&nbsp; (536)<br>|
| Call - U.S. Treasury Note 10 Year Futures | USD | 112.500 | 04/24/26 | &nbsp;&nbsp; 5 | USD | 5000 | &nbsp;&nbsp; 2508 | &nbsp;&nbsp; 1016 | &nbsp;&nbsp; (1492)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $11169 | &nbsp;&nbsp; $9367 | &nbsp;&nbsp; $(1802)<br>|

---

**Written Options** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Foreign Currency Options** | **Strike** <br>**Price** | **Strike** <br>**Price** | **Expiration** <br>**Date**<br>| **Counterparty** | **Number of** <br>**Contracts**<br>| **Notional** <br>**Amount** | **Notional** <br>**Amount** | **Premiums** <br>**Received**<br>| **Market** <br>**Value**<br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| AUD Call/USD Put | USD | 0.725 | 07/06/26 | GSI | (1906220)<br>| AUD | (1906220)<br>| $(4174)<br>| $(6143)<br>| $(1969)<br>|
| AUD Call/USD Put | USD | 0.725 | 07/06/26 | GSI | (143100)<br>| AUD | (143100)<br>| (329)<br>| (461)<br>| (132)<br>|
| BRL Call/EUR Put | BRL | 6.150 | 04/23/26 | GSI | (567000)<br>| EUR | (567000)<br>| (8262)<br>| (17665)<br>| (9403)<br>|
| BRL Call/USD Put | BRL | 5.150 | 05/04/26 | BBP | (2772893)<br>| USD | (2772893)<br>| (20630)<br>| (26661)<br>| (6031)<br>|
| BRL Call/USD Put | BRL | 5.250 | 06/29/26 | MSIP | (622000)<br>| USD | (622000)<br>| (14774)<br>| (14723)<br>| 51 |
| BRL Call/USD Put | BRL | 5.350 | 06/29/26 | MSIP | (1751000)<br>| USD | (1751000)<br>| (51239)<br>| (61663)<br>| (10424)<br>|
| CLP Call/USD Put | CLP | 850.000 | 04/13/26 | HSBC | (205000)<br>| USD | (205000)<br>| (1194)<br>| (4)<br>| 1190 |
| CLP Call/USD Put | CLP | 850.000 | 04/13/26 | HSBC | (192000)<br>| USD | (192000)<br>| (1118)<br>| (4)<br>| 1114 |
| CLP Call/USD Put | CLP | 905.000 | 05/15/26 | HSBC | (693000)<br>| USD | (693000)<br>| (15392)<br>| (8637)<br>| 6755 |
| CLP Call/USD Put | CLP | 910.000 | 05/14/26 | BNP | (189000)<br>| USD | (189000)<br>| (4618)<br>| (2701)<br>| 1917 |
| COP Call/USD Put | COP | 3520.000 | 05/04/26 | BBP | (693000)<br>| USD | (693000)<br>| (5558)<br>| (810)<br>| 4748 |
| COP Call/USD Put | COP | 3600.000 | 05/22/26 | MSIP | (367000)<br>| USD | (367000)<br>| (3010)<br>| (2286)<br>| 724 |
| COP Call/USD Put | COP | 3700.000 | 04/16/26 | HSBC | (446000)<br>| USD | (446000)<br>| (6341)<br>| (4944)<br>| 1397 |
| EUR Call/BRL Put | BRL | 6.290 | 04/09/26 | HSBC | (415567)<br>| EUR | (415567)<br>| (8514)<br>| (240)<br>| 8274 |
| EUR Call/HUF Put | HUF | 410.000 | 06/08/26 | MSIP | (403000)<br>| EUR | (403000)<br>| (5903)<br>| (3538)<br>| 2365 |
| EUR Call/MXN Put | MXN | 20.500 | 05/14/26 | DBAG | (167000)<br>| EUR | (167000)<br>| (3177)<br>| (4153)<br>| (976)<br>|
| EUR Call/MXN Put | MXN | 20.550 | 05/15/26 | DBAG | (1386000)<br>| EUR | (1386000)<br>| (23945)<br>| (32569)<br>| (8624)<br>|
| EUR Call/MXN Put | MXN | 20.900 | 05/14/26 | BOA | (452000)<br>| EUR | (452000)<br>| (6577)<br>| (6421)<br>| 156 |
| HUF Call/USD Put | HUF | 330.000 | 05/18/26 | UBSA | (935000)<br>| USD | (935000)<br>| (13539)<br>| (18999)<br>| (5460)<br>|
| HUF Call/USD Put | HUF | 333.000 | 04/01/26 | BBP | (935000)<br>| USD | (935000)<br>| (5330)<br>| (3323)<br>| 2007 |
| IDR Call/USD Put | IDR | 16400.000 | 05/04/26 | BBP | (1039500)<br>| USD | (1039500)<br>| (4241)<br>| (145)<br>| 4096 |
| KRW Call/USD Put | KRW | 1445.000 | 04/09/26 | HSBC | (402000)<br>| USD | (402000)<br>| (3980)<br>| (88)<br>| 3892 |
| MXN Call/EUR Put | MXN | 20.500 | 05/14/26 | DBAG | (167000)<br>| EUR | (167000)<br>| (2579)<br>| (1033)<br>| 1546 |
| MXN Call/EUR Put | MXN | 20.550 | 05/15/26 | DBAG | (1386000)<br>| EUR | (1386000)<br>| (20814)<br>| (10301)<br>| 10513 |
| MXN Call/USD Put | MXN | 17.550 | 05/14/26 | UBSA | (4610000)<br>| USD | (4610000)<br>| (47253)<br>| (29071)<br>| 18182 |
| THB Call/USD Put | THB | 32.000 | 05/22/26 | SCB | (444000)<br>| USD | (444000)<br>| (3771)<br>| (3889)<br>| (118)<br>|
| USD Call/AUD Put | USD | 0.680 | 04/02/26 | BNP | (89500)<br>| AUD | (89500)<br>| (99)<br>| (36)<br>| 63 |
| USD Call/BRL Put | BRL | 5.350 | 06/29/26 | MSIP | (1751000)<br>| USD | (1751000)<br>| (51239)<br>| (39970)<br>| 11269 |
| USD Call/BRL Put | BRL | 5.350 | 06/29/26 | MSIP | (622000)<br>| USD | (622000)<br>| (14774)<br>| (14198)<br>| 576 |
| USD Call/BRL Put | BRL | 5.650 | 05/04/26 | BBP | (2772893)<br>| USD | (2772893)<br>| (20630)<br>| (6003)<br>| 14627 |
| USD Call/BRL Put | BRL | 5.700 | 04/27/26 | UBSA | (1608000)<br>| USD | (1608000)<br>| (12114)<br>| (1806)<br>| 10308 |
| USD Call/CLP Put | CLP | 905.000 | 05/15/26 | HSBC | (693000)<br>| USD | (693000)<br>| (17287)<br>| (23957)<br>| (6670)<br>|
| USD Call/CLP Put | CLP | 910.000 | 05/14/26 | BNP | (189000)<br>| USD | (189000)<br>| (4618)<br>| (5864)<br>| (1246)<br>|
| USD Call/CNH Put | CNH | 6.880 | 04/23/26 | JPMC | (937000)<br>| USD | (937000)<br>| (4048)<br>| (3086)<br>| 962 |
| USD Call/COP Put | COP | 4000.000 | 05/22/26 | MSIP | (367000)<br>| USD | (367000)<br>| (4138)<br>| (1248)<br>| 2890 |
| USD Call/COP Put | COP | 4200.000 | 05/27/26 | UBSA | (643000)<br>| USD | (643000)<br>| (8391)<br>| (727)<br>| 7664 |
| USD Call/COP Put | COP | 4200.000 | 05/27/26 | UBSA | (579001)<br>| USD | (579001)<br>| (7556)<br>| (655)<br>| 6901 |
| USD Call/COP Put | COP | 4200.000 | 05/27/26 | UBSA | (90300)<br>| USD | (90300)<br>| (1082)<br>| (102)<br>| 980 |
| USD Call/COP Put | COP | 4200.000 | 05/27/26 | MSIP | (23200)<br>| USD | (23200)<br>| (268)<br>| (26)<br>| 242 |
| USD Call/EUR Put | USD | 1.120 | 05/14/26 | CBNA | (573500)<br>| EUR | (573500)<br>| (3574)<br>| (1430)<br>| 2144 |
| USD Call/INR Put | INR | 92.800 | 05/14/26 | SCB | (596000)<br>| USD | (596000)<br>| (6030)<br>| (12345)<br>| (6315)<br>|
| USD Call/INR Put | INR | 95.500 | 06/04/26 | HSBC | (247000)<br>| USD | (247000)<br>| (3167)<br>| (2308)<br>| 859 |
| USD Call/KRW Put | KRW | 1480.000 | 04/09/26 | HSBC | (402000)<br>| USD | (402000)<br>| (3224)<br>| (7598)<br>| (4374)<br>|
| USD Call/MXN Put | MXN | 18.050 | 05/04/26 | MSIP | (2772893)<br>| USD | (2772893)<br>| (18315)<br>| (37659)<br>| (19344)<br>|

---

**BHFTII-64**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Written Options — (Continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Foreign Currency Options** | **Strike**<br> **Price** | **Strike**<br> **Price** | **Expiration**<br> **Date**<br>| **Counterparty** | **Number of**<br> **Contracts**<br>| **Notional**<br> **Amount** | **Notional**<br> **Amount** | **Premiums**<br> **Received**<br>| **Market**<br> **Value**<br>| **Unrealized**<br> **Appreciation/**<br> **(Depreciation)**<br>|
| USD Call/ZAR Put | ZAR | 16.740 | 05/04/26 | BOA | (2775000)<br>| USD | (2775000)<br>| $(23452)<br>| $(69114)<br>| $(45662)<br>|
| USD Call/ZAR Put | ZAR | 17.400 | 09/28/26 | GSI | (95000)<br>| USD | (95000)<br>| (3753)<br>| (3178)<br>| 575 |
| USD Call/ZAR Put | ZAR | 17.500 | 05/15/26 | HSBC | (1040000)<br>| USD | (1040000)<br>| (11263)<br>| (12624)<br>| (1361)<br>|
| ZAR Call/USD Put | ZAR | 16.300 | 05/14/26 | MSIP | (4610000)<br>| USD | (4610000)<br>| (48004)<br>| (23580)<br>| 24424 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | $(553288)<br>| $(527986)<br>| $25302 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Interest Rate Swaptions** | **Strike** <br>**Rate**<br>| **Floating** <br>**Rate Index**<br>| **Pay/Receive** <br>**Floating** <br> **Rate**<br>| **Expiration** <br>**Date**<br>| **Counterparty** | **Number of** <br>**Contracts**<br>| **Notional** <br>**Amount** | **Notional** <br>**Amount** | **Premiums** <br>**Received**<br>| **Market** <br>**Value**<br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| Call - OTC - 5 Yr. IRS | 3.860% | SOFR | Receive | 05/05/26 | JPMC | (7299000)<br>| CZK | (7299000)<br>| $(1112)<br>| $(87)<br>| $1025 |
| Call - OTC - 1 Yr. IRS | 2.500% | SOFR | Receive | 06/08/26 | GSI | (108898743)<br>| USD | (108898743)<br>| (49664)<br>| (9089)<br>| 40575 |
| Call - OTC - 10 Yr. IRS | 3.200% | SOFR | Receive | 12/16/26 | CBNA | (4277000)<br>| USD | (4277000)<br>| (31248)<br>| (22636)<br>| 8612 |
| Call - OTC - 10 Yr. IRS | 3.707% | SOFR | Receive | 03/04/27 | CBNA | (819000)<br>| USD | (819000)<br>| (20127)<br>| (14688)<br>| 5439 |
| Call - OTC - 10 Yr. IRS | 3.870% | SOFR | Receive | 03/15/27 | BOA | (3686000)<br>| USD | (3686000)<br>| (99568)<br>| (88308)<br>| 11260 |
| Call - OTC - 10 Yr. IRS | 3.872% | SOFR | Receive | 11/08/27 | BOA | (3855000)<br>| USD | (3855000)<br>| (138587)<br>| (109961)<br>| 28626 |
| Call - OTC - 10 Yr. IRS | 3.940% | SOFR | Receive | 03/20/28 | BOA | (1897000)<br>| USD | (1897000)<br>| (69715)<br>| (61490)<br>| 8225 |
| Call - OTC - 10 Yr. IRS | 4.030% | SOFR | Receive | 12/16/27 | MSIP | (1666000)<br>| USD | (1666000)<br>| (58997)<br>| (58488)<br>| 509 |
| Call - OTC - 10 Yr. IRS | 4.067% | SOFR | Receive | 02/07/28 | MSIP | (1902000)<br>| USD | (1902000)<br>| (63508)<br>| (70631)<br>| (7123)<br>|
| Call - OTC - 10 Yr. IRS | 4.103% | SOFR | Receive | 01/31/28 | DBAG | (1088000)<br>| USD | (1088000)<br>| (35251)<br>| (42011)<br>| (6760)<br>|
| Call - OTC - 30 Yr. IRS | 3.250% | SOFR | Receive | 04/30/26 | BOA | (22014000)<br>| USD | (22014000)<br>| (112069)<br>| (378)<br>| 111691 |
| Put - OTC - 1 Yr. IRS | 3.500% | SOFR | Pay | 06/08/26 | GSI | (108898743)<br>| USD | (108898743)<br>| (106290)<br>| (320101)<br>| (213811)<br>|
| Put - OTC - 10 Yr. IRS | 3.707% | SOFR | Pay | 03/04/27 | CBNA | (819000)<br>| USD | (819000)<br>| (20127)<br>| (29949)<br>| (9822)<br>|
| Put - OTC - 10 Yr. IRS | 3.870% | SOFR | Pay | 03/15/27 | BOA | (3686000)<br>| USD | (3686000)<br>| (99568)<br>| (109213)<br>| (9645)<br>|
| Put - OTC - 10 Yr. IRS | 3.872% | SOFR | Pay | 11/08/27 | BOA | (3855000)<br>| USD | (3855000)<br>| (138587)<br>| (149139)<br>| (10552)<br>|
| Put - OTC - 10 Yr. IRS | 3.940% | SOFR | Pay | 03/20/28 | BOA | (1897000)<br>| USD | (1897000)<br>| (69715)<br>| (76644)<br>| (6929)<br>|
| Put - OTC - 10 Yr. IRS | 4.030% | SOFR | Pay | 12/16/27 | MSIP | (1666000)<br>| USD | (1666000)<br>| (58997)<br>| (56443)<br>| 2554 |
| Put - OTC - 10 Yr. IRS | 4.067% | SOFR | Pay | 02/07/28 | MSIP | (1902000)<br>| USD | (1902000)<br>| (63508)<br>| (65218)<br>| (1710)<br>|
| Put - OTC - 10 Yr. IRS | 4.103% | SOFR | Pay | 01/31/28 | DBAG | (1088000)<br>| USD | (1088000)<br>| (35251)<br>| (35686)<br>| (435)<br>|
| Put - OTC - 10 Yr. IRS | 4.600% | SOFR | Pay | 12/16/26 | CBNA | (2138500)<br>| USD | (2138500)<br>| (16988)<br>| (14880)<br>| 2108 |
| Put - OTC - 2 Yr. IRS | 3.700% | SOFR | Pay | 08/03/26 | MSIP | (41794000)<br>| USD | (41794000)<br>| (45973)<br>| (163819)<br>| (117846)<br>|
| Put - OTC - 2 Yr. IRS | 3.800% | SOFR | Pay | 09/14/26 | DBAG | (41606000)<br>| USD | (41606000)<br>| (69170)<br>| (155474)<br>| (86304)<br>|
| Put - OTC - 2 Yr. IRS | 3.850% | SOFR | Pay | 10/21/26 | GSI | (100269000)<br>| USD | (100269000)<br>| (120323)<br>| (381832)<br>| (261509)<br>|
| Put - OTC - 2 Yr. IRS | 4.000% | SOFR | Pay | 12/08/27 | NIP | (45852102)<br>| USD | (45852102)<br>| (210920)<br>| (270305)<br>| (59385)<br>|
| Put - OTC - 2 Yr. IRS | 4.050% | SOFR | Pay | 10/04/27 | GSI | (157239000)<br>| USD | (157239000)<br>| (575495)<br>| (820088)<br>| (244593)<br>|
| Put - OTC - 2 Yr. IRS | 4.300% | SOFR | Pay | 09/20/27 | GSI | (117148000)<br>| USD | (117148000)<br>| (325671)<br>| (456682)<br>| (131011)<br>|
| Put - OTC - 2 Yr. IRS | 4.500% | SOFR | Pay | 12/16/27 | DBAG | (69005000)<br>| USD | (69005000)<br>| (173893)<br>| (247703)<br>| (73810)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | $(2810322)<br>| $(3830943)<br>| $(1020621)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Credit Default Swaptions** | **Strike** <br>**Spread**<br>| **Reference** <br>**Obligation**<br>| **Buy/Sell** <br>**Protection**<br>| **Expiration** <br>**Date**<br>| **Counterparty** | **Number of** <br>**Contracts**<br>| **Notional** <br>**Amount** | **Notional** <br>**Amount** | **Premiums** <br>**Received**<br>| **Market** <br>**Value**<br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| Call - OTC - 5 Yr. CDS | 3.000% | ITRX.EUR.XOVER.44.V1 | Buy | 06/17/26 | JPMC | (3255000)<br>| EUR | (3255000)<br>| $(39427)<br>| $(30258)<br>| $9169 |
| Put - OTC - 5 Yr. CDS | 3.000% | ITRX.EUR.XOVER.44.V1 | Sell | 05/20/26 | MSIP | (493000)<br>| EUR | (493000)<br>| (7320)<br>| (11026)<br>| (3706)<br>|
| Put - OTC - 5 Yr. CDS | 3.000% | ITRX.EUR.XOVER.44.V1 | Sell | 06/17/26 | JPMC | (3255000)<br>| EUR | (3255000)<br>| (58577)<br>| (84240)<br>| (25663)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | $(105324)<br>| $(125524)<br>| $(20200)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Options on Exchange-Traded Futures Contracts** | **Strike** <br>**Price** | **Strike** <br>**Price** | **Expiration** <br>**Date**<br>| **Number of** <br>**Contracts**<br>| **Notional** <br>**Amount** | **Notional** <br>**Amount** | **Premiums** <br>**Received**<br>| **Market** <br>**Value**<br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| Put - U.S. Treasury Long Bond Futures | USD | 112.000 | 04/24/26 | &nbsp;&nbsp; (3)<br>| USD | (3000)<br>| &nbsp;&nbsp; $(3182)<br>| &nbsp;&nbsp; $(1969)<br>| &nbsp;&nbsp; $1213 |
| Put - U.S. Treasury Note 5 Year Futures | USD | 107.000 | 04/24/26 | &nbsp;&nbsp; (8)<br>| USD | (8000)<br>| &nbsp;&nbsp; (2237)<br>| &nbsp;&nbsp; (1125)<br>| &nbsp;&nbsp; 1112 |
| Put - U.S. Treasury Note 10 Year Futures | USD | 111.000 | 04/24/26 | &nbsp;&nbsp; (5)<br>| USD | (5000)<br>| &nbsp;&nbsp; (2258)<br>| &nbsp;&nbsp; (3438)<br>| &nbsp;&nbsp; (1180)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $(7677)<br>| &nbsp;&nbsp; $(6532)<br>| &nbsp;&nbsp; $1145 |

---

**BHFTII-65**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Centrally Cleared Interest Rate Swap Contracts** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive** <br>**Floating Rate** <br>| **Floating** <br>**Rate Index** <br>| **Payment** <br>**Frequency** <br>| **Fixed** <br>**Rate** <br>| **Payment** <br>**Frequency** <br>| **Maturity** <br>**Date** <br>| **Notional** <br>**Amount**  | **Notional** <br>**Amount**  | **Market** <br>**Value** <br>| **Upfront** <br>**Premiums** <br>**Paid/(Received)** <br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>|
| Pay | 12M SOFR | Maturity | 3.228<br> %<br>| Maturity | 12/11/27 | USD | 54003000 | &nbsp;&nbsp; $(200149)<br>| &nbsp;&nbsp; $178 | &nbsp;&nbsp; $(200327)<br>|
| Pay | 12M SOFR | Maturity | 3.800<br> %<br>| Maturity | 05/16/26 | USD | 50240000 | &nbsp;&nbsp; 564 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 552 |
| Pay | 12M SOFR | Maturity | 3.900<br> %<br>| Maturity | 05/16/26 | USD | 36611000 | &nbsp;&nbsp; 5002 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 4993 |
| Pay | 1-Day CDI | Maturity | 13.020<br> %<br>| Maturity | 01/02/29 | BRL | 3050000 | &nbsp;&nbsp; (13343)<br>| &nbsp;&nbsp; 5 | &nbsp;&nbsp; (13348)<br>|
| Pay | 1-Day CDI | Maturity | 13.180<br> %<br>| Maturity | 01/02/31 | BRL | 2286000 | &nbsp;&nbsp; (9355)<br>| &nbsp;&nbsp; 11 | &nbsp;&nbsp; (9366)<br>|
| Pay | 1-Day CDI | Maturity | 13.238<br> %<br>| Maturity | 01/02/31 | BRL | 1934000 | &nbsp;&nbsp; (9074)<br>| &nbsp;&nbsp; 3 | &nbsp;&nbsp; (9077)<br>|
| Pay | 1-Day CDI | Maturity | 13.800<br> %<br>| Maturity | 01/03/28 | BRL | 3941000 | &nbsp;&nbsp; 722 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 718 |
| Pay | 1M TIIE | Monthly | 6.975<br> %<br>| Monthly | 11/05/26 | MXN | 9642199 | &nbsp;&nbsp; 464 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 463 |
| Pay | 1M TIIE | Monthly | 7.280<br> %<br>| Monthly | 10/31/30 | MXN | 20807855 | &nbsp;&nbsp; (37186)<br>| &nbsp;&nbsp; 9 | &nbsp;&nbsp; (37195)<br>|
| Pay | 1M TIIE | Monthly | 7.320<br> %<br>| Monthly | 11/05/30 | MXN | 3885900 | &nbsp;&nbsp; (6638)<br>| &nbsp;&nbsp; 2 | &nbsp;&nbsp; (6640)<br>|
| Pay | 1M TIIE | Monthly | 7.530<br> %<br>| Monthly | 01/03/31 | MXN | 3126670 | &nbsp;&nbsp; (4139)<br>| &nbsp;&nbsp; 2 | &nbsp;&nbsp; (4141)<br>|
| Pay | 1M TIIE | Monthly | 8.000<br> %<br>| Monthly | 12/28/35 | MXN | 620000 | &nbsp;&nbsp; (1119)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1119)<br>|
| Pay | 1M TIIE | Monthly | 8.050<br> %<br>| Monthly | 03/21/31 | MXN | 11226606 | &nbsp;&nbsp; (2415)<br>| &nbsp;&nbsp; 6 | &nbsp;&nbsp; (2421)<br>|
| Pay | 1M TIIE | Monthly | 8.090<br> %<br>| Monthly | 03/24/31 | MXN | 7411406 | &nbsp;&nbsp; (922)<br>| &nbsp;&nbsp; 4 | &nbsp;&nbsp; (926)<br>|
| Pay | 1M TIIE | Monthly | 8.170<br> %<br>| Monthly | 03/31/31 | MXN | 2318123 | &nbsp;&nbsp; 108 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 106 |
| Pay | 1M TIIE | Monthly | 8.270<br> %<br>| Monthly | 12/05/35 | MXN | 5979595 | &nbsp;&nbsp; (4612)<br>| &nbsp;&nbsp; 5 | &nbsp;&nbsp; (4617)<br>|
| Pay | 3M THOR | Quarterly | 1.618<br> %<br>| Quarterly | 06/17/31 | THB | 30398437 | &nbsp;&nbsp; (6874)<br>| &nbsp;&nbsp; 11 | &nbsp;&nbsp; (6885)<br>|
| Pay | 6M BUBOR | Semi-Annually | 5.760<br> %<br>| Semi-Annually | 03/18/28 | HUF | 45941889 | &nbsp;&nbsp; (3425)<br>| &nbsp;&nbsp; 1 | &nbsp;&nbsp; (3426)<br>|
| Pay | 6M BUBOR | Semi-Annually | 5.980<br> %<br>| Semi-Annually | 03/18/31 | HUF | 9474347 | &nbsp;&nbsp; (1338)<br>| &nbsp;&nbsp; 1 | &nbsp;&nbsp; (1339)<br>|
| Pay | 6M BUBOR | Semi-Annually | 6.250<br> %<br>| Semi-Annually | 12/17/27 | HUF | 407654965 | &nbsp;&nbsp; (18431)<br>| &nbsp;&nbsp; 4 | &nbsp;&nbsp; (18435)<br>|
| Pay | 6M BUBOR | Semi-Annually | 6.285<br> %<br>| Semi-Annually | 12/17/30 | HUF | 60048913 | &nbsp;&nbsp; (6247)<br>| &nbsp;&nbsp; 1 | &nbsp;&nbsp; (6248)<br>|
| Pay | 6M MIBOR | Semi-Annually | 5.714<br> %<br>| Semi-Annually | 12/17/30 | INR | 61326000 | &nbsp;&nbsp; (26607)<br>| &nbsp;&nbsp; 8 | &nbsp;&nbsp; (26615)<br>|
| Pay | 6M MIBOR | Semi-Annually | 6.508<br> %<br>| Semi-Annually | 06/17/31 | INR | 71312988 | &nbsp;&nbsp; (10363)<br>| &nbsp;&nbsp; 8 | &nbsp;&nbsp; (10371)<br>|
| Pay | 6M PRIBOR | Semi-Annually | 3.741<br> %<br>| Semi-Annually | 03/18/31 | CZK | 7452749 | &nbsp;&nbsp; (9883)<br>| &nbsp;&nbsp; 4 | &nbsp;&nbsp; (9887)<br>|
| Pay | 6M PRIBOR | Semi-Annually | 3.890<br> %<br>| Semi-Annually | 12/17/30 | CZK | 53376586 | &nbsp;&nbsp; (51010)<br>| &nbsp;&nbsp; 26 | &nbsp;&nbsp; (51036)<br>|
| Pay | 7-Day CNRR | Quarterly | 1.535<br> %<br>| Quarterly | 12/17/28 | CNY | 5269000 | &nbsp;&nbsp; 199 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 194 |
| Pay | 7-Day CNRR | Quarterly | 1.540<br> %<br>| Quarterly | 12/17/28 | CNY | 7854301 | &nbsp;&nbsp; 447 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 441 |
| Pay | 7-Day CNRR | Quarterly | 1.556<br> %<br>| Quarterly | 03/18/29 | CNY | 1178148 | &nbsp;&nbsp; 111 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 110 |
| Pay | 7-Day CNRR | Quarterly | 1.583<br> %<br>| Quarterly | 12/17/30 | CNY | 4584000 | &nbsp;&nbsp; (328)<br>| &nbsp;&nbsp; 8 | &nbsp;&nbsp; (336)<br>|
| Pay | 7-Day CNRR | Quarterly | 1.584<br> %<br>| Quarterly | 12/17/30 | CNY | 6350075 | &nbsp;&nbsp; (413)<br>| &nbsp;&nbsp; 9 | &nbsp;&nbsp; (422)<br>|
| Pay | 7-Day CNRR | Quarterly | 1.638<br> %<br>| Quarterly | 03/18/31 | CNY | 952513 | &nbsp;&nbsp; 242 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 241 |
| Receive | 12M CPURNSA | Maturity | 2.428<br> %<br>| Maturity | 04/15/30 | USD | 2386698 | &nbsp;&nbsp; 12062 | &nbsp;&nbsp; 29 | &nbsp;&nbsp; 12033 |
| Receive | 12M CPURNSA | Maturity | 2.429<br> %<br>| Maturity | 04/15/30 | USD | 3673250 | &nbsp;&nbsp; 18388 | &nbsp;&nbsp; 43 | &nbsp;&nbsp; 18345 |
| Receive | 12M CPURNSA | Maturity | 2.632<br> %<br>| Maturity | 09/09/30 | USD | 15410000 | &nbsp;&nbsp; (54542)<br>| &nbsp;&nbsp; 182 | &nbsp;&nbsp; (54724)<br>|
| Receive | 12M SOFR | Maturity | 3.794<br> %<br>| Maturity | 05/16/26 | USD | 50240000 | &nbsp;&nbsp; (167)<br>| &nbsp;&nbsp; 12 | &nbsp;&nbsp; (179)<br>|
| Receive | 12M SOFR | Maturity | 3.814<br> %<br>| Maturity | 05/16/26 | USD | 36611000 | &nbsp;&nbsp; (1054)<br>| &nbsp;&nbsp; 3384 | &nbsp;&nbsp; (4438)<br>|
| Receive | 1-Day CDI | Maturity | 13.695<br> %<br>| Maturity | 01/04/27 | BRL | 1019600 | &nbsp;&nbsp; 970 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 969 |
| Receive | 1-Day CDI | Maturity | 13.864<br> %<br>| Maturity | 01/04/27 | BRL | 759000 | &nbsp;&nbsp; 736 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 735 |
| Receive | 1-Day CDI | Maturity | 13.883<br> %<br>| Maturity | 01/04/27 | BRL | 6462281 | &nbsp;&nbsp; 6017 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6011 |
| Receive | 1M TIIE | Monthly | 6.905<br> %<br>| Monthly | 09/11/26 | MXN | 60404455 | &nbsp;&nbsp; (1560)<br>| &nbsp;&nbsp; 4 | &nbsp;&nbsp; (1564)<br>|
| Receive | 3M JIBAR | Quarterly | 6.554<br> %<br>| Quarterly | 12/17/27 | ZAR | 10028611 | &nbsp;&nbsp; 7337 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 7334 |
| Receive | 3M JIBAR | Quarterly | 6.658<br> %<br>| Quarterly | 12/17/26 | ZAR | 39025395 | &nbsp;&nbsp; 6830 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 6825 |
| Receive | 3M JIBAR | Quarterly | 6.686<br> %<br>| Quarterly | 03/18/31 | ZAR | 4260920 | &nbsp;&nbsp; 10367 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 10364 |
| Receive | 3M JIBAR | Quarterly | 6.720<br> %<br>| Quarterly | 12/17/26 | ZAR | 28814000 | &nbsp;&nbsp; 4316 | &nbsp;&nbsp; (703)<br>| &nbsp;&nbsp; 5019 |
| Receive | 3M JIBAR | Quarterly | 6.863<br> %<br>| Quarterly | 12/17/30 | ZAR | 29537746 | &nbsp;&nbsp; 54392 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 54374 |
| Receive | 3M JIBAR | Quarterly | 6.868<br> %<br>| Quarterly | 12/17/30 | ZAR | 13928000 | &nbsp;&nbsp; 25485 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 25477 |
| Receive | 3M KLIBOR | Quarterly | 3.319<br> %<br>| Quarterly | 03/18/28 | MYR | 6605000 | &nbsp;&nbsp; 3108 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 3100 |
| Receive | 3M KLIBOR | Quarterly | 3.331<br> %<br>| Quarterly | 03/18/28 | MYR | 2804000 | &nbsp;&nbsp; 1160 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 1157 |
| Receive | 6M PRIBOR | Semi-Annually | 3.580<br> %<br>| Semi-Annually | 03/18/31 | CZK | 3389376 | &nbsp;&nbsp; 5635 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 5633 |
| Receive | 6M PRIBOR | Semi-Annually | 3.615<br> %<br>| Semi-Annually | 03/18/31 | CZK | 3399900 | &nbsp;&nbsp; 5404 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 5402 |
| Receive | 6M WIBOR | Semi-Annually | 3.490<br> %<br>| Semi-Annually | 03/18/28 | PLN | 639246 | &nbsp;&nbsp; 2849 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 2848 |
| Receive | 6M WIBOR | Semi-Annually | 3.880<br> %<br>| Semi-Annually | 12/17/27 | PLN | 5702215 | &nbsp;&nbsp; 12270 | &nbsp;&nbsp; (607)<br>| &nbsp;&nbsp; 12877 |
| Receive | 6M WIBOR | Semi-Annually | 3.950<br> %<br>| Semi-Annually | 12/17/27 | PLN | 3255000 | &nbsp;&nbsp; 6017 | &nbsp;&nbsp; (712)<br>| &nbsp;&nbsp; 6729 |
| Receive | 6M WIBOR | Semi-Annually | 4.000<br> %<br>| Semi-Annually | 12/17/26 | PLN | 2899000 | &nbsp;&nbsp; 538 | &nbsp;&nbsp; (244)<br>| &nbsp;&nbsp; 782 |
| Receive | 6M WIBOR | Semi-Annually | 4.004<br> %<br>| Semi-Annually | 12/17/30 | PLN | 86324 | &nbsp;&nbsp; 542 | &nbsp;&nbsp; (26)<br>| &nbsp;&nbsp; 568 |
| Receive | 6M WIBOR | Semi-Annually | 4.050<br> %<br>| Semi-Annually | 12/17/30 | PLN | 2578000 | &nbsp;&nbsp; 14871 | &nbsp;&nbsp; (229)<br>| &nbsp;&nbsp; 15100 |

---

**BHFTII-66**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Centrally Cleared Interest Rate Swap Contracts — (Continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive**<br> **Floating Rate** <br>| **Floating**<br> **Rate Index** <br>| **Payment**<br> **Frequency** <br>| **Fixed**<br> **Rate** <br>| **Payment**<br> **Frequency** <br>| **Maturity**<br> **Date** <br>| **Notional**<br> **Amount**  | **Notional**<br> **Amount**  | **Market**<br> **Value** <br>| **Upfront**<br> **Premiums**<br> **Paid/(Received)** <br>| **Unrealized**<br> **Appreciation/**<br> **(Depreciation)** <br>|
| Receive | 6M WIBOR | Semi-Annually | 4.120<br> %<br>| Semi-Annually | 06/17/31 | PLN | 2730000 | &nbsp;&nbsp; $15985 | &nbsp;&nbsp; $9 | &nbsp;&nbsp; $15976 |
| Receive | 6M WIBOR | Semi-Annually | 4.402<br> %<br>| Semi-Annually | 06/17/31 | PLN | 2729000 | &nbsp;&nbsp; 6964 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 6956 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $(251092)<br>| &nbsp;&nbsp; $1558 | &nbsp;&nbsp; $(252650)<br>|

---

**OTC Interest Rate Swap Contracts** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive** <br>**Floating Rate** <br>| **Floating** <br>**Rate Index** <br>| **Payment** <br>**Frequency** <br>| **Fixed** <br>**Rate** <br>| **Payment** <br>**Frequency** <br>| **Maturity** <br>**Date** <br>| **Counterparty**  | **Notional** <br>**Amount**  | **Notional** <br>**Amount**  | **Market** <br>**Value** <br>| **Upfront** <br>**Premiums** <br>**Paid/(Received)** <br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>|
| Pay | 3M COP-IBR | Quarterly | 9.310% | Quarterly | 12/17/27 | GSI | COP | 1042182329 | &nbsp;&nbsp; $(12397)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(12397)<br>|
| Pay | 3M COP-IBR | Quarterly | 9.310% | Quarterly | 12/17/27 | GSI | COP | 960907531 | &nbsp;&nbsp; (11431)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (11431)<br>|
| Pay | 3M COP-IBR | Quarterly | 9.370% | Quarterly | 12/17/27 | GSI | COP | 1034550982 | &nbsp;&nbsp; (12046)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (12046)<br>|
| Pay | 3M COP-IBR | Quarterly | 9.370% | Quarterly | 12/17/27 | GSI | COP | 953870264 | &nbsp;&nbsp; (11107)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (11107)<br>|
| Pay | 3M COP-IBR | Quarterly | 9.540% | Quarterly | 12/17/27 | MSIP | COP | 2053966406 | &nbsp;&nbsp; (22453)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (22453)<br>|
| Pay | 3M COP-IBR | Quarterly | 9.540% | Quarterly | 12/17/27 | MSIP | COP | 1893784825 | &nbsp;&nbsp; (20702)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (20702)<br>|
| Pay | 3M COP-IBR | Quarterly | 10.780% | Quarterly | 03/18/28 | GSI | COP | 600904207 | &nbsp;&nbsp; (3862)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (3862)<br>|
| Receive | 3M COP-IBR | Quarterly | 9.360% | Quarterly | 12/17/29 | GSI | COP | 532989171 | &nbsp;&nbsp; 10458 | &nbsp;&nbsp; — | &nbsp;&nbsp; 10458 |
| Receive | 3M COP-IBR | Quarterly | 9.360% | Quarterly | 12/17/29 | GSI | COP | 578593750 | &nbsp;&nbsp; 11353 | &nbsp;&nbsp; — | &nbsp;&nbsp; 11353 |
| Receive | 3M COP-IBR | Quarterly | 9.420% | Quarterly | 12/17/29 | GSI | COP | 531426014 | &nbsp;&nbsp; 10170 | &nbsp;&nbsp; — | &nbsp;&nbsp; 10170 |
| Receive | 3M COP-IBR | Quarterly | 9.420% | Quarterly | 12/17/29 | GSI | COP | 576897151 | &nbsp;&nbsp; 11040 | &nbsp;&nbsp; — | &nbsp;&nbsp; 11040 |
| Receive | 3M COP-IBR | Quarterly | 9.540% | Quarterly | 12/17/29 | MSIP | COP | 1042170220 | &nbsp;&nbsp; 18932 | &nbsp;&nbsp; — | &nbsp;&nbsp; 18932 |
| Receive | 3M COP-IBR | Quarterly | 9.540% | Quarterly | 12/17/29 | MSIP | COP | 1131343140 | &nbsp;&nbsp; 20552 | &nbsp;&nbsp; — | &nbsp;&nbsp; 20552 |
| Receive | 3M COP-IBR | Quarterly | 10.595% | Quarterly | 03/18/30 | GSI | COP | 332371069 | &nbsp;&nbsp; 3201 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3201 |
| Receive | 6M CAMARA | Semi-Annually | 4.435% | Semi-Annually | 12/17/27 | BOA | CLP | 951049000 | &nbsp;&nbsp; 7857 | &nbsp;&nbsp; — | &nbsp;&nbsp; 7857 |
| Receive | 6M CAMARA | Semi-Annually | 4.435% | Semi-Annually | 12/17/27 | GSI | CLP | 956824096 | &nbsp;&nbsp; 7905 | &nbsp;&nbsp; — | &nbsp;&nbsp; 7905 |
| Receive | 6M CAMARA | Semi-Annually | 5.415% | Semi-Annually | 06/17/36 | BNP | CLP | 231695000 | &nbsp;&nbsp; (2190)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (2190)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $5280 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $5280 |

---

**Centrally Cleared Credit Default Swap Contracts on Credit Indices—Buy Protection (a)** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Obligation**  | **Fixed Deal** <br>**(Pay) Rate** <br>| **Payment** <br>**Frequency** <br>| **Maturity** <br>**Date** <br>| **Implied** <br>**Credit Spread** <sup>(b)</sup> <br>| **Notional** <br>**Amount** <sup>(c)</sup>  | **Notional** <br>**Amount** <sup>(c)</sup>  | **Market** <br>**Value** <br>| **Upfront** <br>**Premiums** <br>**Paid/(Received)** <br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>|
| CDX.NA.HY.46.V1 | (5.000%) | &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/21/31 | &nbsp;&nbsp; 3.857% | &nbsp;&nbsp; USD | 2114654 | &nbsp;&nbsp; $(101582) | &nbsp;&nbsp; $(84365) | &nbsp;&nbsp; $(17217) |
| ITRX.EUR.45.V1 | (1.000%) | &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/20/31 | &nbsp;&nbsp; 0.714% | &nbsp;&nbsp; EUR | 2890000 | &nbsp;&nbsp;&nbsp; (45777) | &nbsp;&nbsp;&nbsp; (45578) | &nbsp;&nbsp;&nbsp;&nbsp; (199) |
| ITRX.EUR.XOVER.45.V1 | (5.000%) | &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/20/31 | &nbsp;&nbsp; 3.529% | &nbsp;&nbsp; EUR | 3653035 | &nbsp;&nbsp; (264328) | &nbsp;&nbsp; (274053) | &nbsp;&nbsp;&nbsp;&nbsp; 9725 |
| ITRX.FINSR.45.V1 | (1.000%) | &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/20/31 | &nbsp;&nbsp; 0.777% | &nbsp;&nbsp; EUR | 9090000 | &nbsp;&nbsp; (111739) | &nbsp;&nbsp; (109175) | &nbsp;&nbsp;&nbsp; (2564) |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $(523426) | &nbsp;&nbsp; $(513171) | &nbsp;&nbsp; $(10255) |

---

**Centrally Cleared Credit Default Swap Contracts on Credit Indices—Sell Protection (d)** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Obligation**  | **Fixed Deal** <br>**Receive Rate** <br>| **Payment** <br>**Frequency** <br>| **Maturity** <br>**Date** <br>| **Implied** <br>**Credit Spread** <sup>(b)</sup> <br>| **Notional** <br>**Amount** <sup>(c)</sup>  | **Notional** <br>**Amount** <sup>(c)</sup>  | **Market** <br>**Value** <br>| **Upfront** <br>**Premiums** <br>**Paid/(Received)** <br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>|
| CDX.NA.HY.44.V2 | 5.000% | &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/21/30 | &nbsp;&nbsp; 3.374% | &nbsp;&nbsp; USD | 5820210 | &nbsp;&nbsp; $337939 | &nbsp;&nbsp; $393417 | &nbsp;&nbsp; $(55478) |
| ITRX.EUR.XOVER.44.V1 | 5.000% | &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 12/20/30 | &nbsp;&nbsp; 3.179% | &nbsp;&nbsp; EUR | 13228200 | &nbsp;&nbsp; 1109552 | &nbsp;&nbsp; 1319642 | &nbsp;&nbsp; (210090) |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $1447491 | &nbsp;&nbsp; $1713059 | &nbsp;&nbsp; $(265568) |

---

**BHFTII-67**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Obligation**  | **Fixed Deal** <br>**(Pay) Rate** <br>| **Payment** <br>**Frequency** <br>| **Maturity** <br>**Date** <br>| **Implied** <br>**Credit Spread** <sup>(b)</sup> <br>| **Notional** <br>**Amount** <sup>(c)</sup>  | **Notional** <br>**Amount** <sup>(c)</sup>  | **Market** <br>**Value** <br>| **Upfront** <br>**Premiums** <br>**Paid/(Received)** <br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>|
| Brazil Government International Bonds | (1.000<br> %)<br>| &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/20/31 | 1.395<br> %<br>| &nbsp;&nbsp; USD | 1127092 | &nbsp;&nbsp; $20487 | &nbsp;&nbsp; $25257 | &nbsp;&nbsp; $(4770)<br>|
| Colombia Government International Bonds | (1.000<br> %)<br>| &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/20/31 | 2.285<br> %<br>| &nbsp;&nbsp; USD | 841945 | &nbsp;&nbsp; 48806 | &nbsp;&nbsp; 48035 | &nbsp;&nbsp; 771 |
| Mexico Government International Bonds | (1.000<br> %)<br>| &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/20/31 | 1.093<br> %<br>| &nbsp;&nbsp; USD | 1480050 | &nbsp;&nbsp; 6275 | &nbsp;&nbsp; 3682 | &nbsp;&nbsp; 2593 |
| Morocco Government International Bonds | (1.000<br> %)<br>| &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/20/31 | 0.987<br> %<br>| &nbsp;&nbsp; USD | 194047 | &nbsp;&nbsp; (23)<br>| &nbsp;&nbsp; 9 | &nbsp;&nbsp; (32)<br>|
| Oman Government International Bonds | (1.000<br> %)<br>| &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/20/31 | 0.979<br> %<br>| &nbsp;&nbsp; USD | 194088 | &nbsp;&nbsp; (149)<br>| &nbsp;&nbsp; (37)<br>| &nbsp;&nbsp; (112)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $75396 | &nbsp;&nbsp; $76946 | &nbsp;&nbsp; $(1550)<br>|

---

**Centrally Cleared Credit Default Swaps Contracts on Sovereign Issues—Sell Protection (d)** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Obligation**  | **Fixed Deal** <br>**Receive Rate** <br>| **Payment** <br>**Frequency** <br>| **Maturity** <br>**Date** <br>| **Implied** <br>**Credit Spread** <sup>(b)</sup> <br>| **Notional** <br>**Amount** <sup>(c)</sup>  | **Notional** <br>**Amount** <sup>(c)</sup>  | **Market** <br>**Value** <br>| **Upfront** <br>**Premiums** <br>**Paid/(Received)** <br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>|
| Saudi Government International Bonds | 1.000<br> %<br>| Quarterly | 06/20/31 | 0.858<br> %<br>| USD | 387255 | &nbsp;&nbsp; $2633 | &nbsp;&nbsp; $2529 | &nbsp;&nbsp; $104 |

---

**OTC Credit Default Swap Contracts on Corporate and Sovereign Issues—Buy Protection (a)** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Obligation**  | **Fixed Deal** <br>**(Pay) Rate** <br>| **Payment** <br>**Frequency** <br>| **Maturity** <br>**Date** <br>| **Counterparty**  | **Implied** <br>**Credit Spread** <sup>(b)</sup> <br>| **Notional** <br>**Amount** <sup>(c)</sup>  | **Notional** <br>**Amount** <sup>(c)</sup>  | **Market** <br>**Value** <br>| **Upfront** <br>**Premiums** <br>**Paid/(Received)** <br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>|
| American Electric Power Co., Inc. | (1.000%) | Quarterly | 12/20/29 | BOA | 0.279<br> %<br>| USD | 5854000 | $(147538)<br>| $(121234)<br>| $(26304)<br>|
| American Express Co. | (1.000%) | Quarterly | 12/20/29 | GSI | 0.350<br> %<br>| USD | 3000000 | (68136)<br>| (63404)<br>| (4732)<br>|
| &nbsp;&nbsp;&nbsp; Argentina Republic Government <br> International Bonds<br>| (5.000%) | Quarterly | 12/20/27 | BBP | 5.213<br> %<br>| USD | 26000 | 89 | 505 | (416)<br>|
| Boeing Co. | (1.000%) | Quarterly | 12/20/28 | DBAG | 0.482<br> %<br>| USD | 700000 | (9412)<br>| (1863)<br>| (7549)<br>|
| Boeing Co. | (1.000%) | Quarterly | 06/20/29 | JPMC | 0.524<br> %<br>| USD | 700000 | (10118)<br>| 5410 | (15528)<br>|
| Deutsche Bank AG | (1.000%) | Quarterly | 06/20/28 | JPMC | 0.500<br> %<br>| EUR | 600000 | (7526)<br>| 21671 | (29197)<br>|
| Deutsche Bank AG | (1.000%) | Quarterly | 06/20/28 | JPMC | 0.500<br> %<br>| EUR | 352000 | (4415)<br>| 8338 | (12753)<br>|
| Deutsche Bank AG | (1.000%) | Quarterly | 06/20/28 | JPMC | 0.500<br> %<br>| EUR | 117000 | (1468)<br>| 2771 | (4239)<br>|
| Deutsche Bank AG | (1.000%) | Quarterly | 06/20/28 | JPMC | 0.500<br> %<br>| EUR | 131000 | (1643)<br>| 3258 | (4901)<br>|
| Dominion Energy, Inc. | (1.000%) | Quarterly | 12/20/29 | GSI | 0.318<br> %<br>| USD | 2879000 | (68580)<br>| (57746)<br>| (10834)<br>|
| UBS Group AG | (1.000%) | Quarterly | 06/20/28 | BNP | 0.313<br> %<br>| EUR | 134000 | (2315)<br>| 2644 | (4959)<br>|
| UBS Group AG | (1.000%) | Quarterly | 06/20/28 | JPMC | 0.313<br> %<br>| EUR | 37000 | (639)<br>| 887 | (1526)<br>|
| UBS Group AG | (1.000%) | Quarterly | 06/20/28 | JPMC | 0.313<br> %<br>| EUR | 112000 | (1935)<br>| 2576 | (4511)<br>|
| UBS Group AG | (1.000%) | Quarterly | 06/20/28 | JPMC | 0.313<br> %<br>| EUR | 117000 | (2021)<br>| 3012 | (5033)<br>|
| UBS Group AG | (1.000%) | Quarterly | 06/20/28 | JPMC | 0.313<br> %<br>| EUR | 1000000 | (17275)<br>| 15488 | (32763)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | $(342932)<br>| $(177687)<br>| $(165245)<br>|

---

**OTC Credit Default Swap Contracts on Credit Indices—Buy Protection (a)** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Obligation**  | **Fixed Deal** <br>**(Pay) Rate** <br>| **Payment** <br>**Frequency** <br>| **Maturity** <br>**Date** <br>| **Counterparty**  | **Implied** <br>**Credit Spread** <sup>(b)</sup> <br>| **Notional** <br>**Amount** <sup>(c)</sup>  | **Notional** <br>**Amount** <sup>(c)</sup>  | **Market** <br>**Value** <br>| **Upfront** <br>**Premiums** <br>**Paid/(Received)** <br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>|
| CMBX.NA.6.AAA | (0.500%) | &nbsp;&nbsp; Monthly | 05/11/63 | DBAG | 0.500<br> %<br>| USD | &nbsp;&nbsp; 2619 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(1)<br>| &nbsp;&nbsp; $1 |
| CMBX.NA.9.AAA | (0.500%) | &nbsp;&nbsp; Monthly | 09/17/58 | MSIP | 0.500<br> %<br>| USD | &nbsp;&nbsp; 31645 | &nbsp;&nbsp; — | &nbsp;&nbsp; 364 | &nbsp;&nbsp; (364)<br>|
| CMBX.NA.9.AAA | (0.500%) | &nbsp;&nbsp; Monthly | 09/17/58 | MSIP | 0.500<br> %<br>| USD | &nbsp;&nbsp; 638 | &nbsp;&nbsp; — | &nbsp;&nbsp; 8 | &nbsp;&nbsp; (8)<br>|
| CMBX.NA.9.BBB- | (3.000%) | &nbsp;&nbsp; Monthly | 09/17/58 | CBNA | 235.290<br> %<br>| USD | &nbsp;&nbsp; 379707 | &nbsp;&nbsp; 120867 | &nbsp;&nbsp; 11040 | &nbsp;&nbsp; 109827 |
| CMBX.NA.9.BBB- | (3.000%) | &nbsp;&nbsp; Monthly | 09/17/58 | MSIP | 235.290<br> %<br>| USD | &nbsp;&nbsp; 79739 | &nbsp;&nbsp; 25382 | &nbsp;&nbsp; 3797 | &nbsp;&nbsp; 21585 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $146249 | &nbsp;&nbsp; $15208 | &nbsp;&nbsp; $131041 |

---

**BHFTII-68**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**OTC Credit Default Swap Contracts on Credit Indices—Sell Protection (d)** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Obligation**  | **Fixed Deal** <br>**Receive Rate** <br>| **Payment** <br>**Frequency** <br>| **Maturity** <br>**Date** <br>| **Counterparty**  | **Implied** <br>**Credit Spread** <sup>(b)</sup> <br>| **Notional** <br>**Amount** <sup>(c)</sup>  | **Notional** <br>**Amount** <sup>(c)</sup>  | **Market** <br>**Value** <br>| **Upfront** <br>**Premiums** <br>**Paid/(Received)** <br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>|
| CMBX.NA.10.BBB- | 3.000% | &nbsp;&nbsp; Monthly | 11/17/59 | JPMC | 62.803<br> %<br>| USD | &nbsp;&nbsp; 39980 | &nbsp;&nbsp; $(10961)<br>| &nbsp;&nbsp; $(3378)<br>| &nbsp;&nbsp; $(7583)<br>|
| CMBX.NA.9.BBB- | 3.000% | &nbsp;&nbsp; Monthly | 09/17/58 | DBAG | 235.290<br> %<br>| USD | &nbsp;&nbsp; 354647 | &nbsp;&nbsp; (112890)<br>| &nbsp;&nbsp; (41094)<br>| &nbsp;&nbsp; (71796)<br>|
| CMBX.NA.9.BBB- | 3.000% | &nbsp;&nbsp; Monthly | 09/17/58 | MSIP | 235.290<br> %<br>| USD | &nbsp;&nbsp; 104799 | &nbsp;&nbsp; (33359)<br>| &nbsp;&nbsp; (119)<br>| &nbsp;&nbsp; (33240)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $(157210)<br>| &nbsp;&nbsp; $(44591)<br>| &nbsp;&nbsp; $(112619)<br>|

---

**OTC Total Return Swap Contracts** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive** <br>**Floating Rate** <br>| **Floating** <br>**Rate Index** <br>| **Payment** <br>**Frequency** <br>| **Maturity** <br>**Date** <br>| **Counterparty**  | **Underlying Reference** <br>**Instrument** <br>| **Notional** <br>**Amount**  | **Notional** <br>**Amount**  | **Market** <br>**Value** <br>| **Upfront** <br>**Premiums** <br>**Paid/(Received)** <br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>|
| Receive | SOFR | Quarterly | 06/20/26 | BOA | iBoxx USD Liquid High Yield Index | USD | 21546000 | $62133 | $— | $62133 |
| Receive | SOFR | Quarterly | 06/20/26 | BOA | iBoxx USD Liquid High Yield Index | USD | 1422000 | 4101 |  | 4101 |
| Receive | SOFR | Quarterly | 06/20/26 | JPMC | iBoxx USD Liquid High Yield Index | USD | 2422000 | 5752 |  | 5752 |
| Receive | SOFR | Quarterly | 06/20/26 | MSIP | iBoxx USD Liquid High Yield Index | USD | 38837000 | 116932 |  | 116932 |
| Pay | SOFR | Quarterly | 06/20/26 | GSI | iBoxx USD Liquid Investment Grade Index | USD | 15562300 | 55326 |  | 55326 |
| Pay | SOFR | Quarterly | 06/20/26 | JPMC | iBoxx USD Liquid Investment Grade Index | USD | 4716000 | (10911)<br>|  | (10911)<br>|
| Receive | SOFR | Quarterly | 06/20/26 | MSIP | iBoxx USD Liquid Investment Grade Index | USD | 1750000 | (2562)<br>|  | (2562)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | $230771 | $— | $230771 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Total Agency Sponsored Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $870295767 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $870295767 |
| Corporate Bonds & Notes |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Advertising | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 319196 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 319196 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aerospace/Defense | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5437287 | &nbsp;&nbsp;&nbsp; 1111551 | &nbsp;&nbsp;&nbsp; 6548838 |
| &nbsp;&nbsp;&nbsp;&nbsp; Agriculture | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3026137 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3026137 |
| &nbsp;&nbsp;&nbsp;&nbsp; Airlines | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1373438 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1373438 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apparel | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 78262 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 78262 |
| &nbsp;&nbsp;&nbsp;&nbsp; Auto Manufacturers | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9087956 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9087956 |
| &nbsp;&nbsp;&nbsp;&nbsp; Auto Parts & Equipment | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 715092 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 715092 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banks | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 69103649 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 69103649 |
| &nbsp;&nbsp;&nbsp;&nbsp; Beverages | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5401747 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5401747 |
| &nbsp;&nbsp;&nbsp;&nbsp; Biotechnology | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4213266 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4213266 |
| &nbsp;&nbsp;&nbsp;&nbsp; Building Materials | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2075377 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2075377 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4731787 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4731787 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4765957 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4765957 |

---

**BHFTII-69**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Fair Value Hierarchy — (Continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| &nbsp;&nbsp;&nbsp;&nbsp; Computers | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $10668452 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $10668452 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cosmetics/Personal Care | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1432801 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1432801 |
| &nbsp;&nbsp;&nbsp;&nbsp; Distribution/Wholesale | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 101776 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 101776 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Financial Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25261006 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25261006 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 63295590 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 63295590 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Components & Equipment | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 197826 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 197826 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronics | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1456613 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1456613 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy-Alternate Sources | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 237388 | &nbsp;&nbsp;&nbsp; 1529265 | &nbsp;&nbsp;&nbsp; 1766653 |
| &nbsp;&nbsp;&nbsp;&nbsp; Engineering & Construction | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1089687 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1089687 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20174920 | &nbsp;&nbsp;&nbsp; 1451101 | &nbsp;&nbsp;&nbsp; 21626021 |
| &nbsp;&nbsp;&nbsp;&nbsp; Environmental Control | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1288533 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1288533 |
| &nbsp;&nbsp;&nbsp;&nbsp; Food | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4149526 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4149526 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forest Products & Paper | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 143570 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 143570 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gas | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1380133 | &nbsp;&nbsp;&nbsp; 1886058 | &nbsp;&nbsp;&nbsp; 3266191 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hand/Machine Tools | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 99840 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 99840 |
| &nbsp;&nbsp;&nbsp;&nbsp; Healthcare-Products | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3738327 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3738327 |
| &nbsp;&nbsp;&nbsp;&nbsp; Healthcare-Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9062964 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9062964 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home Builders | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2976282 | &nbsp;&nbsp;&nbsp; 3094825 | &nbsp;&nbsp;&nbsp; 6071107 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home Furnishings | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 204532 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 204532 |
| &nbsp;&nbsp;&nbsp;&nbsp; Housewares | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 95698 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 95698 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8247038 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8247038 |
| &nbsp;&nbsp;&nbsp;&nbsp; Internet | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 33714885 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 33714885 |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2542471 | &nbsp;&nbsp;&nbsp; 5095844 | &nbsp;&nbsp;&nbsp; 7638315 |
| &nbsp;&nbsp;&nbsp;&nbsp; Iron/Steel | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1343192 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1343192 |
| &nbsp;&nbsp;&nbsp;&nbsp; Leisure Time | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 99241 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 99241 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lodging | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1039300 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 1039300 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery-Construction & Mining | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 889493 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 889493 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery-Diversified | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1906556 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1906556 |
| &nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15320765 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15320765 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mining | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2182416 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2182416 |
| &nbsp;&nbsp;&nbsp;&nbsp; Miscellaneous Manufacturing | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1331044 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1331044 |
| &nbsp;&nbsp;&nbsp;&nbsp; Office/Business Equipment | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 441022 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 441022 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil & Gas | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 104244379 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 104244379 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil & Gas Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 503057 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 503057 |
| &nbsp;&nbsp;&nbsp;&nbsp; Packaging & Containers | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1917227 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1917227 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16499503 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16499503 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pipelines | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19065352 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19065352 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 38908 | &nbsp;&nbsp;&nbsp; 6445519 | &nbsp;&nbsp;&nbsp; 6484427 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Investment Trusts | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15334506 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15334506 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4688377 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4688377 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6876571 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6876571 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 30007397 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 30007397 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telecommunications | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15152337 | &nbsp;&nbsp;&nbsp; 8758 | &nbsp;&nbsp;&nbsp; 15161095 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transportation | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4523904 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4523904 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trucking & Leasing | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 172121 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 172121 |
| &nbsp;&nbsp;&nbsp;&nbsp; Water | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 729117 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 729117 |
| Total Corporate Bonds & Notes | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 546194794 | &nbsp;&nbsp;&nbsp; 20622921 | &nbsp;&nbsp;&nbsp; 566817715 |
| Total U.S. Treasury & Government Agencies\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 520485499 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 520485499 |
| Total Non-Agency Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 345201372 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 345201372 |
| Asset-Backed Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed - Automobile | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3422423 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3422423 |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed - Credit Card | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 763768 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 763768 |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed - Home Equity | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 31806612 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 31806612 |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed - Manufactured Housing | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7528456 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7528456 |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed - Other | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 224978640 | &nbsp;&nbsp;&nbsp; 4928311 | &nbsp;&nbsp;&nbsp; 229906951 |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed - Student Loan | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22868778 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22868778 |
| Total Asset-Backed Securities | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 291368677 | &nbsp;&nbsp;&nbsp; 4928311 | &nbsp;&nbsp;&nbsp; 296296988 |
| Total Foreign Government\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 49638947 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 49638947 |
| Floating Rate Loans |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Agriculture | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 190763 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 190763 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23884 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23884 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1149162 | &nbsp;&nbsp;&nbsp; 858062 | &nbsp;&nbsp;&nbsp; 2007224 |
| &nbsp;&nbsp;&nbsp;&nbsp; Computers | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7222898 | &nbsp;&nbsp;&nbsp; 5020060 | &nbsp;&nbsp;&nbsp; 12242958 |

---

**BHFTII-70**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Fair Value Hierarchy — (Continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| &nbsp;&nbsp;&nbsp;&nbsp; Cosmetics/Personal Care | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $259849 | &nbsp;&nbsp;&nbsp; $259849 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Financial Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 978196 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 978196 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 604099 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 604099 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy-Alternate Sources | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 262848 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 262848 |
| &nbsp;&nbsp;&nbsp;&nbsp; Engineering & Construction | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 645341 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 645341 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1891761 | &nbsp;&nbsp;&nbsp; 968824 | &nbsp;&nbsp;&nbsp; 2860585 |
| &nbsp;&nbsp;&nbsp;&nbsp; Healthcare-Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 27400 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 27400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lodging | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1144000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1144000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 620951 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 620951 |
| &nbsp;&nbsp;&nbsp;&nbsp; Office/Business Equipment | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 57829 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 57829 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pipelines | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 519619 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 519619 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 371311 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 371311 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telecommunications | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 517358 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 517358 |
| Total Floating Rate Loans | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16227420 | &nbsp;&nbsp;&nbsp; 7106795 | &nbsp;&nbsp;&nbsp; 23334215 |
| Total Municipals\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16109368 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16109368 |
| Total Preferred Stocks\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6400454 | &nbsp;&nbsp;&nbsp; 6400454 |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Banks | &nbsp;&nbsp;&nbsp; 847713 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 847713 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp;&nbsp; 73547 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 73547 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp;&nbsp; 270847 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 270847 |
| &nbsp;&nbsp;&nbsp;&nbsp; Communications Equipment | &nbsp;&nbsp;&nbsp; 181236 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 181236 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy Equipment & Services | &nbsp;&nbsp;&nbsp; 123079 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 123079 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp;&nbsp; 71032 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 71032 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure | &nbsp;&nbsp;&nbsp; 769271 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 769271 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Durables | &nbsp;&nbsp;&nbsp; 528824 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 528824 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | &nbsp;&nbsp;&nbsp; 7053 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7053 |
| &nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp;&nbsp; 845149 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 845149 |
| &nbsp;&nbsp;&nbsp;&nbsp; Metals & Mining | &nbsp;&nbsp;&nbsp; 293028 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 293028 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas & Consumable Fuels | &nbsp;&nbsp;&nbsp; 852713 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 852713 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trading Companies & Distributors | &nbsp;&nbsp;&nbsp; 66494 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 66494 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wireless Telecommunication Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23736 | &nbsp;&nbsp;&nbsp; 23736 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 4929986 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23736 | &nbsp;&nbsp;&nbsp; 4953722 |
| Total Convertible Bonds\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2678697 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2678697 |
| Convertible Preferred Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aerospace & Defense | &nbsp;&nbsp;&nbsp; 350352 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 350352 |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 65949 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 65949 |
| Total Convertible Preferred Stocks | &nbsp;&nbsp;&nbsp; 350352 | &nbsp;&nbsp;&nbsp; 65949 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 416301 |
| Warrants |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 329321 | &nbsp;&nbsp;&nbsp; 329321 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | &nbsp;&nbsp;&nbsp; 6427 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6427 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil & Gas | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp; 524 | &nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 527 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Retail | &nbsp;&nbsp;&nbsp; 302 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 302 |
| Total Warrants | &nbsp;&nbsp;&nbsp; 7253 | &nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp; 329321 | &nbsp;&nbsp;&nbsp; 336577 |
| Total Escrow Shares\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 97205719 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 97205719 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 3200000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3200000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2670992 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2670992 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 3200000 | &nbsp;&nbsp;&nbsp; 2670992 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5870992 |
| Purchased Options |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Options at Value | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 168930 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 168930 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Swaptions at Value | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 394420 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 394420 |

---

**BHFTII-71**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Fair Value Hierarchy — (Continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| &nbsp;&nbsp;&nbsp;&nbsp; Options on Exchange-Traded Futures Contracts at Value | &nbsp;&nbsp;&nbsp; $9367 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $9367 |
| Total Purchased Options at Value | &nbsp;&nbsp;&nbsp; 9367 | &nbsp;&nbsp;&nbsp; 563350 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 572717 |
| Total Investments | &nbsp;&nbsp;&nbsp; $8496958 | &nbsp;&nbsp;&nbsp; $2758706554 | &nbsp;&nbsp;&nbsp; $39411538 | &nbsp;&nbsp;&nbsp; $2806615050 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(5870992)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(5870992)<br>|
| TBA Forward Sale Commitments (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(33057300)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(33057300)<br>|
| Forward Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1455691 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1455691 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (1262110)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (1262110)<br>|
| Total Forward Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $193581 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $193581 |
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $83764 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $83764 |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; (3178392)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (3178392)<br>|
| Total Futures Contracts | &nbsp;&nbsp;&nbsp; $(3094628)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(3094628)<br>|
| Written Options |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Credit Default Swaptions at Value | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(125524)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(125524)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Options at Value | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (527986)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (527986)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Swaptions at Value | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (3830943)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (3830943)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Options on Exchange-Traded Futures Contracts at Value | &nbsp;&nbsp;&nbsp; (6532)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (6532)<br>|
| Total Written Options at Value | &nbsp;&nbsp;&nbsp; $(6532)<br>| &nbsp;&nbsp;&nbsp; $(4484453)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(4490985)<br>|
| Centrally Cleared Swap Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Swap Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $245625 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $245625 |
| &nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Swap Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (775544)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (775544)<br>|
| Total Centrally Cleared Swap Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(529919)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(529919)<br>|
| OTC Swap Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; OTC Swap Contracts at Value (Assets) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $492050 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $492050 |
| &nbsp;&nbsp;&nbsp;&nbsp; OTC Swap Contracts at Value (Liabilities) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (609892)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (609892)<br>|
| Total OTC Swap Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(117842)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(117842)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

During the period ended March 31, 2026, a transfer into Level 3 in the amount of $269,865 was due to no vendors or brokers providing prices based on market indications which resulted in a lack of significant observable inputs.

During the period ended March 31, 2026, a transfer out of Level 3 in the amount of $2,948,000 was due to the initiation of a vendor or broker providing prices based on market indications which have been determined to be a significant observable inputs.

**BHFTII-72**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (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** <br>**December 31,** <br>**2025**<br>| **Purchases** | **Sales** | **Realized** <br>**Gain/** <br>**(Loss)**<br>| **Transfers** <br>**In**<br>| **Transfer** <br>**Out**<br>| **Amortization** | **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Balance as of** <br>**March 31,** <br>**2026**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>**from Investment** <br>**Held at** <br>**March 31, 2026**<br>|
| Corporate Bonds |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aerospace/Defense | $1141676 | $— | $— | $— | $— | $— | $— | $(30125)<br>| $1111551 | (30125)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Banks  | 2948000 |  |  |  |  | (2948000)<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy-Alternate Sources | 1499831 | 29543<br>|  |  |  |  | 1119 | (1228) <br>| 1529265 | (1228)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment  | 1456476<br>|  |  |  |  |  |  | (5375) <br>| 1451101 | (5375) <br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Gas | 1883800 |  |  |  |  |  | 1785 | 473<br>| 1886058 | 473 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home Builders | 3169414 |  |  |  |  |  | 1996 | (76585) <br>| 3094825 | (76585)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Companies  | 5047452 | 74478 |  |  |  |  | 55 | (26141) <br>| 5095844<br>| (26141)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Lodging  | 0 |  |  |  |  |  | 223 | (223)<br>| 0 | (223)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate  | 5855997<br>| 791380<br>|  |  |  |  | 9490 | (211348) <br>| 6445519<br>| (211348)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Telecommunications  | 8758<br>|  |  |  |  |  | 1878 | (1878) <br>| 8758 | (1878)<br>|
| Asset-Backed Securities  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed - Other | 4882281<br>|  |  |  |  |  |  | 46030 | 4928311 | 46030 |
| Floating Rate Loans  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Services  | 979095<br>|  | (18437) <br>|  |  |  | 24232<br>| (126828) <br>| 858062 | (126828)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Computers\*  | 5239681<br>| 94855 | (354238)<br>| 65 |  |  | 877 | 38820 | 5020060 | 38820 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cosmetics/Personal Care  | 271232<br>|  | (11640)<br>| 164 |  |  | 320 | (227)<br>| 259849 | (227)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment | 447887 | 499940 |  |  | 269865 |  | 13526<br>| (262394)<br>| 968824 | (262394)<br>|
| Preferred Stocks  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronic Equipment, Instruments & Components |  | 164500 |  |  |  |  |  | 2841 | 167341<br>| 2841 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home Builders  | 2605005<br>|  |  |  |  |  |  |  | 2605005 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services  | 4136721<br>|  |  |  |  |  |  | (508613)<br>| 3628108 | (508613)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Oil & Gas  | 155827<br>|  | (164500)<br>|  |  |  |  | 8673 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | 0 |  |  |  |  |  |  |  | 0 |  |
| Common Stocks  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | 0 |  |  |  |  |  |  |  | 0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Wireless Telecommunication Services  | 23736<br>|  |  |  |  |  |  |  | 23736<br>|  |
| Warants  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure | 0 |  |  |  |  |  |  |  | 0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | 402039 |  |  |  |  |  |  | (72718)<br>| 329321 | (72718)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Oil & Gas  | 5<br>|  |  |  |  |  |  | (5)<br>| 0 | (5)<br>|
|  | $42154913<br>| $1654696 | $(548815) <br>| $229<br>| $269865 | $(2948000)<br>| $55501 | $(1226851)<br>| $39411538<br>| $(1235524) <br>|
| \* Values are net of unfunded loan commitments. |  |  |  |  |  |  |  |  |  |  |

---

**BHFTII-73**

------

**Brighthouse Funds Trust II**

**BlackRock Bond Income Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

The following table summarizes the valuation techniques and unobservable inputs utilized to determine fair value of the Level 3 assets as of March 31, 2026.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Fair Value at** <br>**March 31,** <br>**2026**<br>| **Valuation Technique(s)** | **Unobservable Input** | **Range** | **Range** | **Weighted** <br>**Average**<br>| **Relationship Between** <br>**Fair Value and Input;** <br>**if input value** <br>**increases then Fair** <br>**Value:**<br>|
| Corporate Bonds |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aerospace/Defense | &nbsp;&nbsp; $1111551 | Market Yield Analysis | Midpoint Yield Spread | 5.40<br> %<br>| 5.40<br> %<br>| 5.40<br> %<br>| &nbsp;&nbsp; Decrease |
|  |  |  | Reference Index Spread | 2.95<br> %<br>| 2.95<br> %<br>| 2.95<br> %<br>| &nbsp;&nbsp; Decrease |
| &nbsp;&nbsp;&nbsp; Energy - Alternate Sources | &nbsp;&nbsp; 1529265 | Market Yield Analysis | Midpoint Yield Spread | 9.38<br> %<br>| 9.38<br> %<br>| 9.38<br> %<br>| &nbsp;&nbsp; Decrease |
|  |  |  | Reference Index Spread | 3.81<br> %<br>| 3.81<br> %<br>| 3.81<br> %<br>| &nbsp;&nbsp; Decrease<br>|
| &nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp; 1451101 | Market Yield Analysis | Midpoint Yield Spread | 8.00<br> %<br>| 8.00<br> %<br>| 8.00<br> %<br>| &nbsp;&nbsp; Decrease |
|  |  |  | Reference Index Spread  | 3.80<br> %<br>| 3.80<br> %<br>| 3.80<br> %<br>| &nbsp;&nbsp; Decrease |
| &nbsp;&nbsp;&nbsp; Gas | &nbsp;&nbsp; 1886058 | Market Yield Analysis | Midpoint Yield Spread  | 5.04<br> %<br>| 6.20<br> % <br>| 5.32<br> % <br>| &nbsp;&nbsp; Decrease |
|  |  |  | Reference Index Spread  | 3.45<br> % <br>| 3.70<br> % <br>| 3.51<br> % <br>| &nbsp;&nbsp; Decrease |
| &nbsp;&nbsp;&nbsp; Home Builders | &nbsp;&nbsp; 3094825<br>| Market Yield Analysis | Midpoint Yield Spread  | 7.50<br> %<br>| 7.50<br> % <br>| 7.50<br> % <br>| &nbsp;&nbsp; Decrease |
|  |  |  | Reference Index Spread | 3.95<br> %<br>| 3.95<br> %<br>| 3.95<br> %<br>| &nbsp;&nbsp; Decrease |
| &nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp; 5095844 | Market Yield Analysis | Midpoint Yield Spread | 5.63<br> %<br>| 13.00<br> %<br>| 6.81<br> %<br>| &nbsp;&nbsp; Decrease |
|  |  |  | Reference Index Spread | 3.85<br> %<br>| 3.96<br> % <br>| 3.88<br> % <br>| &nbsp;&nbsp; Decrease<br>|
| &nbsp;&nbsp;&nbsp; Lodging | &nbsp;&nbsp; 0 | Liquidation Analysis  | Estimated Recovery Value  | &nbsp;&nbsp; $0.00 | &nbsp;&nbsp; $0.00 | &nbsp;&nbsp; $0.00<br>| &nbsp;&nbsp; Increase |
| &nbsp;&nbsp;&nbsp; Real Estate | &nbsp;&nbsp; 6445519<br>| Market Yield Analysis  | Midpoint Yield Spread  | 10.50<br> %<br>| 10.50<br> % <br>| 10.50<br> % <br>| &nbsp;&nbsp; Decrease<br>|
|  |  |  | Reference Index Spread  | 3.90<br> % <br>| 3.90<br> %<br>| 3.90<br> % <br>| &nbsp;&nbsp; Decrease |
|  |  | EV Coverage Analysis  | EV/EBITDA Multiple | &nbsp;&nbsp; 2.00x | &nbsp;&nbsp; 2.00x | &nbsp;&nbsp; 2.00x | &nbsp;&nbsp; Increase |
|  |  |  | Loan/EV Coverage Ratio  | &nbsp;&nbsp; 0.74x | &nbsp;&nbsp; 0.74x | &nbsp;&nbsp; 0.74x | &nbsp;&nbsp; Increase<br>|
|  |  | Buyout Scenario  | Percent of Par Value  | 76.65<br> %<br>| 76.65<br> % <br>| 76.65<br> % <br>| &nbsp;&nbsp; Increase<br>|
|  |  | Discounted Cash Flow  | Implied Yield  | 19.45<br> %<br>| 19.45<br> %<br>| 19.45<br> %<br>| &nbsp;&nbsp; Decrease |
| &nbsp;&nbsp;&nbsp; Telecommunications  | &nbsp;&nbsp; 8578 | Broker Quotations  | Single-Source Quote  | &nbsp;&nbsp; $6.00 | &nbsp;&nbsp; $6.00 | &nbsp;&nbsp; $6.00 | &nbsp;&nbsp; Increase |
| Asset-Backed Securities |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Asset-Backed - Other | &nbsp;&nbsp; 4928311<br>| Discounted Cash Flow  | Implied Yield  | 10.82<br> %<br>| 11.20<br> %<br>| 11.09<br> %<br>| &nbsp;&nbsp; Decrease |
|  |  | Market Yield Analysis  | Midpoint Yield Spread  | 3.58<br> %<br>| 3.58<br> % <br>| 3.58<br> %<br>| &nbsp;&nbsp; Decrease |
|  |  |  | Reference Index Spread  | 3.70<br> %<br>| 3.70<br> %<br>| 3.70<br> %<br>| &nbsp;&nbsp; Decrease |
| Floating Rate Loans |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Commercial Services  | &nbsp;&nbsp; 858062<br>| EV Coverage Analysis  | EV/EBITDA Multiple  | &nbsp;&nbsp; 9.25x | &nbsp;&nbsp; 9.25x<br>| &nbsp;&nbsp; 9.25x<br>| &nbsp;&nbsp; Increase |
|  |  |  | Loan/EV Coverage Ratio  | &nbsp;&nbsp; 0.28x | &nbsp;&nbsp; 0.28x<br>| &nbsp;&nbsp; 0.28x<br>| &nbsp;&nbsp; Increase<br>|
|  |  | Market Yield Analysis  | Midpoint Yield Spread  | 6.38<br> %<br>| 6.38<br> %<br>| 6.38<br> %<br>| &nbsp;&nbsp; Decrease |
|  |  |  | Reference Index Spread  | 3.56<br> %<br>| 3.56<br> %<br>| 3.56<br> %<br>| &nbsp;&nbsp; Decrease |
| &nbsp;&nbsp;&nbsp; Computers  | &nbsp;&nbsp; 5020060<br>| Market Yield Analysis  | Midpoint Yield Spread  | 5.77<br> %<br>| 11.17<br> %<br>| 7.87<br> %<br>| &nbsp;&nbsp; Decrease |
|  |  |  | Reference Index Spread  | 3.56<br> %<br>| 3.73<br> %<br>| 3.62<br> %<br>| &nbsp;&nbsp; Increase<br>|
| &nbsp;&nbsp;&nbsp; Cosmetics/Personal Care  | &nbsp;&nbsp; 259849<br>| Market Yield Analysis  | Midpoint Yield Spread  | 5.50<br> %<br>| 5.50<br> %<br>| 5.50<br> %<br>| &nbsp;&nbsp; Decrease<br>|
|  |  |  | Reference Index Spread  | 3.72<br> %<br>| 3.72<br> % <br>| 3.72<br> % <br>| &nbsp;&nbsp; Decrease<br>|
| &nbsp;&nbsp;&nbsp; Entertainment  | &nbsp;&nbsp; 968824<br>| Market Yield Analysis  | Midpoint Yield Spread  | 13.00<br> % <br>| 17.50<br> % <br>| 15.89<br> % <br>| &nbsp;&nbsp; Decrease<br>|
|  |  |  | Reference Index Spread  | 3.67<br> %<br>| 3.67<br> %<br>| 3.67<br> %<br>| &nbsp;&nbsp; Decrease |
|  |  | EV Coverage Analysis  | EV/EBITDA Multiple  | &nbsp;&nbsp; 5.00x | &nbsp;&nbsp; 5.00x | &nbsp;&nbsp; 5.00x | &nbsp;&nbsp; Increase |
|  |  |  | Loan/EV Coverage Ratio  | &nbsp;&nbsp; 0.04x | &nbsp;&nbsp; 0.04x<br>| &nbsp;&nbsp; 0.04x<br>| &nbsp;&nbsp; Increase<br>|
|  |  | Precedent Transaction  | Transaction Price  | &nbsp;&nbsp; $96.00 | &nbsp;&nbsp; $96.00<br>| &nbsp;&nbsp; $96.00<br>| &nbsp;&nbsp; Increase<br>|
| Preferred Stocks |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Electronic Equipment, Instruments & Components  | &nbsp;&nbsp; 167341<br>| Option Pricing Method  | EV/Revenue Multiple  | &nbsp;&nbsp; 4.25x | &nbsp;&nbsp; 4.25x<br>| &nbsp;&nbsp; 4.25x<br>| &nbsp;&nbsp; Increase<br>|
|  |  |  | Volatility  | &nbsp;&nbsp; 112<br> %<br>| &nbsp;&nbsp; 112<br> %<br>| &nbsp;&nbsp; 112<br> %<br>| &nbsp;&nbsp; Increase |
| &nbsp;&nbsp;&nbsp; Home Builders  | &nbsp;&nbsp; 2605005<br>| Market Yield Analysis  | Midpoint Yield Spread  | 7.26<br> %<br>| 7.26<br> %<br>| 7.26<br> %<br>| &nbsp;&nbsp; Decrease<br>|
|  |  |  | Reference Index Spread  | 3.72<br> %<br>| 3.72<br> %<br>| 3.72<br> %<br>| &nbsp;&nbsp; Decrease |
| &nbsp;&nbsp;&nbsp; IT Services  | &nbsp;&nbsp; 3628108<br>| Comparable Company Analysis  | EV/Revenue Multiple  | &nbsp;&nbsp; 7.25x | &nbsp;&nbsp; 7.25x | &nbsp;&nbsp; 7.25x | &nbsp;&nbsp; Increase<br>|
|  |  |  | Accrued Dividend/Share  | &nbsp;&nbsp; $1.40 | &nbsp;&nbsp; $1.40 | &nbsp;&nbsp; $1.40 | &nbsp;&nbsp; Increase<br>|
| &nbsp;&nbsp;&nbsp; Software  | &nbsp;&nbsp; 0 | EV Coverage Analysis  | EV/EBITDA Multiple  | &nbsp;&nbsp; 2.00x | &nbsp;&nbsp; 2.00x | &nbsp;&nbsp; 2.00x | &nbsp;&nbsp; Increase<br>|
|  |  |  | EV Coverage Ratio  | &nbsp;&nbsp; 0.00x | &nbsp;&nbsp; 0.00x | &nbsp;&nbsp; 0.00x | &nbsp;&nbsp; Increase |
| Common Stock |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Electrical Equipment  | &nbsp;&nbsp; 0 | Liquidation Analysis  | Estimated Recovery Value  | &nbsp;&nbsp; $0.00 | &nbsp;&nbsp; $0.00 | &nbsp;&nbsp; $0.00 | &nbsp;&nbsp; Increase |
| &nbsp;&nbsp;&nbsp; Wireless Telecommunication Services  | &nbsp;&nbsp; 23736<br>| Broker Quotations  | Single-Source Quote  | &nbsp;&nbsp; $23.00<br>| &nbsp;&nbsp; $23.00<br>| &nbsp;&nbsp; $23.00<br>| &nbsp;&nbsp; Increase |
| Warrants |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure | &nbsp;&nbsp; 0 | Liquidation Analysis  | Estimated Recovery Value  | &nbsp;&nbsp; $0.00 | &nbsp;&nbsp; $0.00 | &nbsp;&nbsp; $0.00 | &nbsp;&nbsp; Increase |
| &nbsp;&nbsp;&nbsp; IT Services  | &nbsp;&nbsp; 329321<br>| Comparable Company Analysis  | EV/Revenue Multiple  | &nbsp;&nbsp; 7.25x | &nbsp;&nbsp; 7.25x | &nbsp;&nbsp; 7.25x | &nbsp;&nbsp; Increase |
| &nbsp;&nbsp;&nbsp; Oil & Gas  | &nbsp;&nbsp; 0 | Liquidation Analysis  | Estimated Recovery Value  | &nbsp;&nbsp; $0.00 | &nbsp;&nbsp; $0.00 | &nbsp;&nbsp; $0.00 | &nbsp;&nbsp; Increase |
|  | &nbsp;&nbsp; $39411538 |  |  |  |  |  |  |

---

**BHFTII-74**

------

**Brighthouse Funds Trust II**

**BlackRock Capital Appreciation Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—95.1% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Aerospace & Defense — 6.1%** | **Aerospace & Defense — 6.1%** | **Aerospace & Defense — 6.1%** |
| Howmet Aerospace, Inc.  | 211978 | &nbsp;&nbsp;&nbsp; $48852450 |
| L3Harris Technologies, Inc.  | 87526 | &nbsp;&nbsp;&nbsp; 30209599 |
| TransDigm Group, Inc.  | 17124 | &nbsp;&nbsp;&nbsp; 19846031 |
|  |  | &nbsp;&nbsp;&nbsp; 98908080 |
| **Automobiles — 1.0%** | **Automobiles — 1.0%** | **Automobiles — 1.0%** |
| Tesla, Inc. (a) | 43884 | &nbsp;&nbsp;&nbsp; 16313877 |
| **Broadline Retail — 8.0%** | **Broadline Retail — 8.0%** | **Broadline Retail — 8.0%** |
| Amazon.com, Inc. (a) | 618842 | &nbsp;&nbsp;&nbsp; 128886223 |
| **Communications Equipment — 2.0%** | **Communications Equipment — 2.0%** | **Communications Equipment — 2.0%** |
| Arista Networks, Inc. (a) | 258201 | &nbsp;&nbsp;&nbsp; 31701919 |
| **Construction & Engineering — 2.5%** | **Construction & Engineering — 2.5%** | **Construction & Engineering — 2.5%** |
| Quanta Services, Inc.  | 74356 | &nbsp;&nbsp;&nbsp; 40822931 |
| **Consumer Finance — 1.7%** | **Consumer Finance — 1.7%** | **Consumer Finance — 1.7%** |
| Capital One Financial Corp.  | 150381 | &nbsp;&nbsp;&nbsp; 27434006 |
| **Consumer Staples Distribution & Retail — 1.1%** | **Consumer Staples Distribution & Retail — 1.1%** | **Consumer Staples Distribution & Retail — 1.1%** |
| Walmart, Inc.  | 148032 | &nbsp;&nbsp;&nbsp; 18397417 |
| **Electrical Equipment — 2.0%** | **Electrical Equipment — 2.0%** | **Electrical Equipment — 2.0%** |
| Eaton Corp. PLC | 92086 | &nbsp;&nbsp;&nbsp; 32936400 |
| **Health Care Equipment & Supplies — 1.1%** | **Health Care Equipment & Supplies — 1.1%** | **Health Care Equipment & Supplies — 1.1%** |
| Boston Scientific Corp. (a) | 285031 | &nbsp;&nbsp;&nbsp; 17885695 |
| **Health Care Providers & Services — 2.2%** | **Health Care Providers & Services — 2.2%** | **Health Care Providers & Services — 2.2%** |
| McKesson Corp.  | 42013 | &nbsp;&nbsp;&nbsp; 36356370 |
| **Interactive Media & Services — 9.5%** | **Interactive Media & Services — 9.5%** | **Interactive Media & Services — 9.5%** |
| Alphabet, Inc. - Class A | 280930 | &nbsp;&nbsp;&nbsp; 80784231 |
| Meta Platforms, Inc. - Class A | 126474 | &nbsp;&nbsp;&nbsp; 72359569 |
|  |  | &nbsp;&nbsp;&nbsp; 153143800 |
| **IT Services — 2.3%** | **IT Services — 2.3%** | **IT Services — 2.3%** |
| Shopify, Inc. - Class A (a) | 237669 | &nbsp;&nbsp;&nbsp; 28192297 |
| Snowflake, Inc. - Class A (a) | 59133 | &nbsp;&nbsp;&nbsp; 8918439 |
|  |  | &nbsp;&nbsp;&nbsp; 37110736 |
| **Life Sciences Tools & Services — 0.7%** | **Life Sciences Tools & Services — 0.7%** | **Life Sciences Tools & Services — 0.7%** |
| Thermo Fisher Scientific, Inc.  | 21580 | &nbsp;&nbsp;&nbsp; 10607217 |
| **Machinery — 2.6%** | **Machinery — 2.6%** | **Machinery — 2.6%** |
| Caterpillar, Inc.  | 60207 | &nbsp;&nbsp;&nbsp; 42654251 |
| **Metals & Mining — 2.2%** | **Metals & Mining — 2.2%** | **Metals & Mining — 2.2%** |
| Freeport-McMoRan, Inc.  | 610970 | &nbsp;&nbsp;&nbsp; 35912817 |
| **Oil, Gas & Consumable Fuels — 1.0%** | **Oil, Gas & Consumable Fuels — 1.0%** | **Oil, Gas & Consumable Fuels — 1.0%** |
| EQT Corp.  | 258696 | &nbsp;&nbsp;&nbsp; 16463413 |
| **Pharmaceuticals — 2.0%** | **Pharmaceuticals — 2.0%** | **Pharmaceuticals — 2.0%** |
| Eli Lilly & Co.  | 36155 | &nbsp;&nbsp;&nbsp; 33254284 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Semiconductors & Semiconductor Equipment — 24.7%** | **Semiconductors & Semiconductor Equipment — 24.7%** | **Semiconductors & Semiconductor Equipment — 24.7%** |
| Applied Materials, Inc.  | 82543 | &nbsp;&nbsp;&nbsp; $28212372 |
| Broadcom, Inc.  | 250656 | &nbsp;&nbsp;&nbsp; 77580539 |
| Intel Corp. (a) | 757577 | &nbsp;&nbsp;&nbsp; 33431873 |
| Lam Research Corp.  | 136151 | &nbsp;&nbsp;&nbsp; 29090023 |
| NVIDIA Corp.  | 1324421 | &nbsp;&nbsp;&nbsp; 230979022 |
|  |  | &nbsp;&nbsp;&nbsp; 399293829 |
| **Software — 13.7%** | **Software — 13.7%** | **Software — 13.7%** |
| AppLovin Corp. - Class A (a) | 71867 | &nbsp;&nbsp;&nbsp; 28603066 |
| Datadog, Inc. - Class A (a) | 333203 | &nbsp;&nbsp;&nbsp; 39334614 |
| Microsoft Corp.  | 266967 | &nbsp;&nbsp;&nbsp; 98823175 |
| Oracle Corp.  | 162345 | &nbsp;&nbsp;&nbsp; 23882573 |
| Palo Alto Networks, Inc. (a) | 193347 | &nbsp;&nbsp;&nbsp; 30997391 |
|  |  | &nbsp;&nbsp;&nbsp; 221640819 |
| **Specialized REITs — 2.7%** | **Specialized REITs — 2.7%** | **Specialized REITs — 2.7%** |
| Equinix, Inc.  | 43935 | &nbsp;&nbsp;&nbsp; 43066844 |
| **Technology Hardware, Storage & Peripherals — 6.0%** | **Technology Hardware, Storage & Peripherals — 6.0%** | **Technology Hardware, Storage & Peripherals — 6.0%** |
| Apple, Inc.  | 383509 | &nbsp;&nbsp;&nbsp; 97330749 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $1,120,800,691) <br>|  | &nbsp;&nbsp;&nbsp; 1540121677 |
| **Convertible Preferred Stocks—3.2%** | **Convertible Preferred Stocks—3.2%** | **Convertible Preferred Stocks—3.2%** |
| **Software — 3.2%** | **Software — 3.2%** | **Software — 3.2%** |
| Databricks, Inc. - Series D † (a) (b) (c) | 239200 | &nbsp;&nbsp;&nbsp; 40910376 |
| Databricks, Inc. - Series J † (a) (b) (c) | 70572 | &nbsp;&nbsp;&nbsp; 12069929 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Convertible Preferred Stocks <br>(Cost $28,653,910) <br>|  | &nbsp;&nbsp;&nbsp; 52980305 |
| **Preferred Stocks—0.9%** | **Preferred Stocks—0.9%** | **Preferred Stocks—0.9%** |
| **Interactive Media & Services — 0.9%** | **Interactive Media & Services — 0.9%** | **Interactive Media & Services — 0.9%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Bytedance Ltd. - Series E-1 † (a) (b) (c) <br>(Cost $5,371,984)<br>| 49026 | &nbsp;&nbsp;&nbsp; 14169985 |

---

**BHFTII-75**

------

**Brighthouse Funds Trust II**

**BlackRock Capital Appreciation Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Short-Term Investments—0.3%**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Repurchase Agreement—0.3%** | **Repurchase Agreement—0.3%** | **Repurchase Agreement—0.3%** |
| Fixed Income Clearing Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 2.500%, due on <br> 04/01/26, with a maturity value of $4,569,113; <br> collateralized by U.S. Treasury Note at 4.375%, maturing <br> 07/15/27, with a market value of $4,660,174<br>| 4568796 | &nbsp;&nbsp;&nbsp; $4568796 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $4,568,796) <br>|  | &nbsp;&nbsp;&nbsp; 4568796 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—99.5% <br>(Cost $1,159,395,381) <br>|  | &nbsp;&nbsp;&nbsp; 1611840763 |
| Other assets and liabilities (net)—0.5%  |  | &nbsp;&nbsp;&nbsp; 7383448 |
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1619224211 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| \* | 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 <br> restrictions on resale. These securities generally may be resold in transactions exempt from <br> registration or to the public if the securities are subsequently registered. Disposal of these <br> securities may involve time-consuming negotiations and prompt sale at an acceptable price may <br> be difficult. As of March 31, 2026, the market value of restricted securities was $67,150,290, <br> which is 4.1% of net assets. See details shown in the Restricted Securities table that follows.<br>|
| (a) | Non-income producing security. |
| (b) | Security was valued in good faith under procedures subject to oversight by the Board of Trustees. <br> As of March 31, 2026, these securities represent 4.1% of net assets.<br>|
| (c) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Restricted Securities** | **Acquisition** <br>**Date**<br>| **Shares** | **Cost** | **Value** |
| Bytedance Ltd. - Series E-1 | 12/10/20 | &nbsp;&nbsp; 49026 | &nbsp;&nbsp; $5371984 | &nbsp;&nbsp; $14169985 |
| Databricks, Inc. - Series D | 03/27/25 | &nbsp;&nbsp; 239200 | &nbsp;&nbsp; 22126000 | &nbsp;&nbsp; 40910376 |
| Databricks, Inc. - Series J | 01/21/25 | &nbsp;&nbsp; 70572 | &nbsp;&nbsp; 6527910 | &nbsp;&nbsp; 12069929 |
|  |  |  |  | &nbsp;&nbsp; $67150290 |

---

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Total Common Stocks\* | &nbsp;&nbsp; $1540121677 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1540121677 |
| Total Convertible Preferred Stocks\* | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 52980305 | &nbsp;&nbsp; 52980305 |
| Total Preferred Stocks\* | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 14169985 | &nbsp;&nbsp; 14169985 |
| Total Short-Term Investments\* | &nbsp;&nbsp; — | &nbsp;&nbsp; 4568796 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4568796 |
| Total Investments | &nbsp;&nbsp; $1540121677 | &nbsp;&nbsp; $4568796 | &nbsp;&nbsp; $67150290 | &nbsp;&nbsp; $1611840763 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

**BHFTII-76**

------

**Brighthouse Funds Trust II**

**BlackRock Capital Appreciation Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Fair Value Hierarchy — (Continued)**

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** <br>**December 31, 2025**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Balance as of** <br>**March 31, 2026**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>**from Investments** <br>**Held at** <br>**March 31, 2026**<br>|
| Convertible Preferred Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp; $58856680 | &nbsp;&nbsp; $(5876375)<br>| &nbsp;&nbsp; $52980305 | &nbsp;&nbsp; $(5876375)<br>|
| Preferred Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Interactive Media & Services | &nbsp;&nbsp; 12681555 | &nbsp;&nbsp; 1488430 | &nbsp;&nbsp; 14169985 | &nbsp;&nbsp; 1488430 |
|  | &nbsp;&nbsp; $71538235 | &nbsp;&nbsp; $(4387945)<br>| &nbsp;&nbsp; $67150290 | &nbsp;&nbsp; $(4387945)<br>|

---

The following table summarizes the valuation techniques and unobservable inputs utilized to determine fair value of the Level 3 assets as of March 31, 2026.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Fair Value at** <br>**March 31,** <br>**2026**<br>| **Valuation Technique(s)** | **Unobservable Input** | **Range** | **Weighted** <br>**Average**<br>| **Relationship** <br>**Between Fair** <br>**Value and** <br>**Input; if input** <br>**value increases** <br>**then Fair Value:**<br>|
| Convertible Preferred Stocks |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp; $52980305 | Comparable Company Analysis | Enterprise Value/Revenue | &nbsp;&nbsp; 21.25x | &nbsp;&nbsp; 21.25x<br>| &nbsp;&nbsp; Increase |
| Preferred Stocks |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Interactive Media & Services | &nbsp;&nbsp; 14169985 | Comparable Company Analysis  | Enterprise Value/Revenue  | &nbsp;&nbsp; 1.60x | &nbsp;&nbsp; 1.60x<br>| &nbsp;&nbsp; Increase |
|  | &nbsp;&nbsp; $67150290 |  |  |  |  |  |

---

**BHFTII-77**

------

**Brighthouse Funds Trust II**

**BlackRock Ultra-Short Term Bond Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Short-Term Investments—100.4% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Certificate of Deposit—23.9%** |  |  |
| Bank of America NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.770%, 01/04/27 | 4000000 | &nbsp;&nbsp;&nbsp; $3992799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.940%, 07/02/26 | 4000000 | &nbsp;&nbsp;&nbsp; 4000980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.030%, SOFR + 0.400%, 01/04/27 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1000527 |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.970%, SOFR + 0.340%, 03/22/27 (a) | 3000000 | &nbsp;&nbsp;&nbsp; 2998434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/11/27 | 2000000 | &nbsp;&nbsp;&nbsp; 1997462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 02/19/27 (a) | 2500000 | &nbsp;&nbsp;&nbsp; 2500135 |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 01/08/27 | 2000000 | &nbsp;&nbsp;&nbsp; 1995866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.030%, 03/15/27 | 3500000 | &nbsp;&nbsp;&nbsp; 3497670 |
| Barclays Bank PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, SOFR + 0.220%, 04/10/26 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2000056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.880%, SOFR + 0.250%, 04/22/26 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2000166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.960%, SOFR + 0.330%, 08/10/26 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2000764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.030%, SOFR + 0.400%, 11/13/26 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2000490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, 03/12/27 | 3500000 | &nbsp;&nbsp;&nbsp; 3497332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.070%, SOFR + 0.440%, 04/21/26 (a) | 4000000 | &nbsp;&nbsp;&nbsp; 4000767 |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 07/13/26 | 11000000 | &nbsp;&nbsp;&nbsp; 10996799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 09/24/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1998083 |
| Canadian Imperial Bank of Commerce |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, SOFR + 0.370%, 07/14/26 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1000391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.030%, SOFR + 0.400%, 11/09/26 (a) | 3000000 | &nbsp;&nbsp;&nbsp; 3001566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.030%, SOFR + 0.400%, 12/14/26 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1000136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.160%, 08/12/26 | 4000000 | &nbsp;&nbsp;&nbsp; 4002057 |
| Cooperatieve Rabobank UA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.890%, SOFR + 0.260%, 04/08/26 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2000085 |
| Deutsche Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 10/15/26 | 4000000 | &nbsp;&nbsp;&nbsp; 3995647 |
| DZ Bank AG Deutsche Zentral-Genossenschaftsbank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.930%, 05/26/26 | 4500000 | &nbsp;&nbsp;&nbsp; 4500680 |
| Goldman Sachs Bank USA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.937%, SOFR + 0.300%, 02/18/27 (a) | 3000000 | &nbsp;&nbsp;&nbsp; 2999306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.980%, 05/13/26 | 3500000 | &nbsp;&nbsp;&nbsp; 3500662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.120%, 03/31/27 | 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| Korea Development Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 09/18/26 | 6000000 | &nbsp;&nbsp;&nbsp; 5995089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/22/26 | 6500000 | &nbsp;&nbsp;&nbsp; 6501010 |
| Landesbank Baden-Wuerttemberg |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 06/05/26 | 3000000 | &nbsp;&nbsp;&nbsp; 3000374 |
| Lloyds Bank Corporate Markets PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.410%, 05/15/26 | 3755000 | &nbsp;&nbsp;&nbsp; 3757421 |
| Mizuho Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.810%, 07/02/26 | 4000000 | &nbsp;&nbsp;&nbsp; 3998718 |
| MUFG Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, SOFR + 0.220%, 09/15/26 (a) | 4000000 | &nbsp;&nbsp;&nbsp; 3997678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.980%, SOFR + 0.350%, 09/10/26 (a) | 2900000 | &nbsp;&nbsp;&nbsp; 2900043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, 06/11/26 | 4000000 | &nbsp;&nbsp;&nbsp; 4000975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.020%, 04/15/26 | 4000000 | &nbsp;&nbsp;&nbsp; 4000432 |
| Nordea Bank Abp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.890%, SOFR + 0.260%, 04/14/26 (a) | 2500000 | &nbsp;&nbsp;&nbsp; 2500178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.960%, SOFR + 0.330%, 12/15/26 (a) | 4000000 | &nbsp;&nbsp;&nbsp; 4000020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.970%, 08/14/26 | 2500000 | &nbsp;&nbsp;&nbsp; 2500062 |
| Royal Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 12/04/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1996604 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Certificate of Deposit—(Continued)** |  |  |
| Royal Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.960%, 11/18/26 | 1000000 | &nbsp;&nbsp;&nbsp; $999232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.980%, SOFR + 0.350%, 11/13/26 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1000002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/12/27 | 2500000 | &nbsp;&nbsp;&nbsp; 2497316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 08/14/26 | 2250000 | &nbsp;&nbsp;&nbsp; 2251119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 04/16/26 | 3000000 | &nbsp;&nbsp;&nbsp; 3000734 |
| Standard Chartered Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.060%, SOFR + 0.430%, 10/15/26 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2000822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.070%, SOFR + 0.440%, 11/23/26 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2000982 |
| Sumitomo Mitsui Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.990%, SOFR + 0.360%, 10/15/26 (a) | 4000000 | &nbsp;&nbsp;&nbsp; 4000251 |
| Svenska Handelsbanken AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.930%, SOFR + 0.300%, 10/15/26 (a) | 3000000 | &nbsp;&nbsp;&nbsp; 2999471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.935%, 11/17/26 | 1000000 | &nbsp;&nbsp;&nbsp; 999405 |
| Swedbank AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, SOFR + 0.270%, 04/13/26 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2000132 |
| Toronto-Dominion Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.910%, SOFR + 0.280%, 08/10/26 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2000460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.930%, 03/25/27 | 2000000 | &nbsp;&nbsp;&nbsp; 1993481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.940%, SOFR + 0.310%, 03/23/27 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1997949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.030%, SOFR + 0.400%, 12/14/26 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1000342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.080%, SOFR + 0.450%, 04/28/26 (a) | 1500000 | &nbsp;&nbsp;&nbsp; 1500392 |
| UBS AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.820%, 02/19/27 | 1000000 | &nbsp;&nbsp;&nbsp; 997299 |
| Wells Fargo Bank NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 01/27/27 | 4000000 | &nbsp;&nbsp;&nbsp; 3989412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.930%, SOFR + 0.300%, 03/17/27 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1999535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.930%, SOFR + 0.300%, 03/24/27 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 999686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.940%, SOFR + 0.310%, 05/28/26 (a) | 3000000 | &nbsp;&nbsp;&nbsp; 3001154 |
| Westpac Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 03/24/27 | 1000000 | &nbsp;&nbsp;&nbsp; 1000795 |
|  |  | &nbsp;&nbsp;&nbsp; 173857435 |
| **Commercial Paper—41.9%** | **Commercial Paper—41.9%** | **Commercial Paper—41.9%** |
| Alinghi Funding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.030%, SOFR + 0.400%, 07/30/26 (144A) (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1000021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.070%, SOFR + 0.420%, 07/16/26 (144A) (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1000076 |
| ANZ New Zealand International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.919%, 09/14/26 (144A) (b) | 3000000 | &nbsp;&nbsp;&nbsp; 2946323 |
| Aquitaine Funding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.218%, 04/07/26 (144A) (b) | 4000000 | &nbsp;&nbsp;&nbsp; 3997099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.859%, 08/14/26 (144A) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1970040 |
| ASB Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.765%, 11/23/26 (144A) (b) | 1500000 | &nbsp;&nbsp;&nbsp; 1461758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.807%, 11/23/26 (144A) (b) | 3000000 | &nbsp;&nbsp;&nbsp; 2923515 |
| Australia & New Zealand Banking Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.778%, 09/04/26 (144A) (b) | 3500000 | &nbsp;&nbsp;&nbsp; 3441315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.849%, 07/02/26 (144A) (b) | 2500000 | &nbsp;&nbsp;&nbsp; 2475342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.210%, 07/16/26 (144A) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1977344 |
| Bedford Row Funding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 04/01/26 (144A) (b) | 6000000 | &nbsp;&nbsp;&nbsp; 5999386 |
| BofA Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.309%, 07/01/26 (144A) (b) | 5000000 | &nbsp;&nbsp;&nbsp; 4950405 |
| Britannia Funding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.929%, 05/06/26 (144A) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1992308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.990%, SOFR + 0.340%, 07/30/26 (144A) (a) | 4000000 | &nbsp;&nbsp;&nbsp; 4000874 |

---

**BHFTII-78**

------

**Brighthouse Funds Trust II**

**BlackRock Ultra-Short Term Bond Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Short-Term Investments—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Paper—(Continued)** | **Commercial Paper—(Continued)** | **Commercial Paper—(Continued)** |
| Chesham Finance Ltd./Chesham Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 04/01/26 (144A) (b) | 25000000 | &nbsp;&nbsp;&nbsp; $24997437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 04/02/26 (144A) (b) | 5000000 | &nbsp;&nbsp;&nbsp; 4998974 |
| Columbia Funding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.817%, 07/13/26 (144A) (b) | 4000000 | &nbsp;&nbsp;&nbsp; 3954933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.828%, 07/15/26 (144A) (b) | 3000000 | &nbsp;&nbsp;&nbsp; 2965550 |
| Concord Minutemen Capital Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.048%, 06/08/26 (144A) (b) | 6000000 | &nbsp;&nbsp;&nbsp; 5955023 |
| DNB Bank ASA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.753%, 01/07/27 (144A) (b) | 4000000 | &nbsp;&nbsp;&nbsp; 3877906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.009%, 04/16/26 (144A) (b) | 3000000 | &nbsp;&nbsp;&nbsp; 2995186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.142%, 05/01/26 (144A) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1993794 |
| Erste Finance Delaware LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.360%, 04/02/26 (144A) (b) | 1000000 | &nbsp;&nbsp;&nbsp; 999795 |
| Federation des Caisses Desjardins du Quebec |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.785%, 02/25/27 (144A) (b) | 3000000 | &nbsp;&nbsp;&nbsp; 2892071 |
| Glencove Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.860%, 06/04/26 (144A) (b) | 6000000 | &nbsp;&nbsp;&nbsp; 5958292 |
| ING U.S. Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.880%, 12/01/26 (144A) (b) | 3500000 | &nbsp;&nbsp;&nbsp; 3497340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.930%, SOFR + 0.280%, 08/14/26 (144A) (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1000084 |
| Intrepid Funding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.952%, 05/07/26 (144A) (b) | 3000000 | &nbsp;&nbsp;&nbsp; 2988200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.170%, 04/24/26 (144A) (b) | 5500000 | &nbsp;&nbsp;&nbsp; 5486164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.249%, 04/30/26 (144A) (b) | 5000000 | &nbsp;&nbsp;&nbsp; 4984083 |
| Korea Development Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.853%, 09/08/26 (b) | 6500000 | &nbsp;&nbsp;&nbsp; 6387482 |
| Landesbank Baden-Wuerttemberg |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 04/01/26 (b) | 24000000 | &nbsp;&nbsp;&nbsp; 23997542 |
| Lloyds Bank PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.716%, 04/21/26 (b) | 2500000 | &nbsp;&nbsp;&nbsp; 2494551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.940%, 07/01/26 (144A) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1980343 |
| Mackinac Funding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.828%, 07/14/26 (144A) (b) | 2500000 | &nbsp;&nbsp;&nbsp; 2471490 |
| Macquarie Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 11/30/26 (144A) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1998253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.966%, 09/24/26 (144A) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1961443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, SOFR + 0.350%, 04/07/26 (144A) (a) | 5000000 | &nbsp;&nbsp;&nbsp; 5000252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.002%, 04/30/26 (144A) (b) | 1000000 | &nbsp;&nbsp;&nbsp; 996867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.026%, 05/20/26 (144A) (b) | 2500000 | &nbsp;&nbsp;&nbsp; 2486864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.120%, 07/20/26 (144A) (b) | 4000000 | &nbsp;&nbsp;&nbsp; 3951604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.130%, SOFR + 0.500%, 04/20/27 (144A) (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2000135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.141%, 04/24/26 (144A) (b) | 1000000 | &nbsp;&nbsp;&nbsp; 997504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.174%, 04/29/26 (144A) (b) | 2500000 | &nbsp;&nbsp;&nbsp; 2492433 |
| Mainbeach Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.863%, 08/20/26 (144A) (b) | 2500000 | &nbsp;&nbsp;&nbsp; 2461272 |
| Manhattan Asset Funding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.634%, 04/14/26 (144A) (b) | 3535000 | &nbsp;&nbsp;&nbsp; 3529893 |
| National Australia Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/17/27 (144A) (b) | 3500000 | &nbsp;&nbsp;&nbsp; 3499456 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.779%, 02/11/27 (144A) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1931318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.887%, 08/25/26 (144A) (b) | 4000000 | &nbsp;&nbsp;&nbsp; 3937117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.030%, SOFR + 0.380%, 05/29/26 (144A) (a) | 2500000 | &nbsp;&nbsp;&nbsp; 2501188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, SOFR + 0.400%, 12/18/26 (144A) (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2000800 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Paper—(Continued)** | **Commercial Paper—(Continued)** | **Commercial Paper—(Continued)** |
| Nordea Bank Abp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.825%, 06/01/26 (144A) (b) | 7000000 | &nbsp;&nbsp;&nbsp; $6954092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.009%, 04/16/26 (144A) (b) | 3000000 | &nbsp;&nbsp;&nbsp; 2995102 |
| Old Line Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.856%, 06/09/26 (144A) (b) | 4000000 | &nbsp;&nbsp;&nbsp; 3969822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.062%, 05/18/26 (144A) (b) | 3500000 | &nbsp;&nbsp;&nbsp; 3482043 |
| Ranger Funding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.961%, 06/12/26 (144A) (b) | 5000000 | &nbsp;&nbsp;&nbsp; 4960803 |
| Ridgefield Funding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.832%, 08/21/26 (144A) (b) | 4500000 | &nbsp;&nbsp;&nbsp; 4429435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, SOFR + 0.220%, 08/03/26 (144A) (a) | 6000000 | &nbsp;&nbsp;&nbsp; 6000304 |
| Royal Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.920%, SOFR + 0.270%, 08/10/26 (144A) (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2000619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.226%, 05/27/26 (144A) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1987897 |
| Skandinaviska Enskilda Banken AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.040%, SOFR + 0.390%, 04/28/26 (144A) (a) | 4000000 | &nbsp;&nbsp;&nbsp; 4000857 |
| Starbird Funding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 08/03/26 (144A) (b) | 4500000 | &nbsp;&nbsp;&nbsp; 4438724 |
| Sumitomo Mitsui Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.880%, SOFR + 0.230%, 04/16/26 (144A) (a) | 4000000 | &nbsp;&nbsp;&nbsp; 4000256 |
| Svenska Handelsbanken AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.791%, 09/18/26 (144A) (b) | 2500000 | &nbsp;&nbsp;&nbsp; 2454559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.833%, 09/10/26 (144A) (b) | 6000000 | &nbsp;&nbsp;&nbsp; 5896236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, SOFR + 0.300%, 09/29/26 (144A) (a) | 3500000 | &nbsp;&nbsp;&nbsp; 3499628 |
| Swedbank AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.918%, 06/10/26 (144A) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1984907 |
| UBS AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.016%, SOFR + 0.350%, 10/15/26 (144A) (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2000195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.212%, SOFR + 0.400%, 11/05/26 (144A) (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2000503 |
| Verto Capital I-A LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 04/01/26 (144A) (b) | 20000000 | &nbsp;&nbsp;&nbsp; 19997950 |
| Westpac Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.727%, 12/04/26 (144A) (b) | 2155000 | &nbsp;&nbsp;&nbsp; 2097114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.795%, 01/29/27 (144A) (b) | 3500000 | &nbsp;&nbsp;&nbsp; 3383932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 02/22/27 (144A) (b) | 4500000 | &nbsp;&nbsp;&nbsp; 4496402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.990%, SOFR + 0.340%, 04/30/26 (144A) (a) | 3000000 | &nbsp;&nbsp;&nbsp; 3000625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, SOFR + 0.400%, 04/10/26 (144A) (a) | 2500000 | &nbsp;&nbsp;&nbsp; 2500189 |
| Westpac Securities NZ Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, SOFR + 0.300%, 08/25/26 (144A) (a) | 3500000 | &nbsp;&nbsp;&nbsp; 3500844 |
|  |  | &nbsp;&nbsp;&nbsp; 304791483 |
| **Repurchase Agreements—33.6%** | **Repurchase Agreements—33.6%** | **Repurchase Agreements—33.6%** |
| BofA Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.670%, due on <br> 04/01/26, with a maturity value of $75,007,646; <br> collateralized by U.S. Government Agency Obligations with <br> rates ranging from 1.020%-7.500%, with maturity dates <br> ranging from 05/26/26-08/20/65, and an aggregate market <br> value of $76,238,539<br>| 75000000 | &nbsp;&nbsp;&nbsp; 75000000 |
| JPMorgan Securities LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.670%, due on <br> 04/01/26, with a maturity value of $94,009,583; <br> collateralized by U.S. Government Agency Obligations with <br> rates ranging from 2.000%-7.000%, with maturity dates <br> ranging from 03/15/29-07/15/60, and an aggregate market <br> value of $95,756,936<br>| 94000000 | &nbsp;&nbsp;&nbsp; 94000000 |

---

**BHFTII-79**

------

**Brighthouse Funds Trust II**

**BlackRock Ultra-Short Term Bond Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Short-Term Investments—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** |
| TD Securities (USA) LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.670%, due on <br> 04/01/26, with a maturity value of $75,007,646; <br> collateralized by U.S. Government Agency Obligations with <br> rates ranging from 4.000%-6.050%, with maturity dates <br> ranging from 06/12/26 -03/24/56, and an aggregate <br> market value of $75,884,077<br>| 75000000 | &nbsp;&nbsp;&nbsp; $75000000 |
|  |  | &nbsp;&nbsp;&nbsp; 244000000 |
| **Time Deposit—1.0%** |  |  |
| Royal Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 04/01/26 | 7000000 | &nbsp;&nbsp;&nbsp; 7000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $729,710,656) <br>|  | &nbsp;&nbsp;&nbsp; 729648918 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—100.4% <br>(Cost $729,710,656) <br>|  | &nbsp;&nbsp;&nbsp; 729648918 |
| Other assets and liabilities (net)—(0.4)%  |  | &nbsp;&nbsp;&nbsp; (3108645)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $726540273 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Principal amount stated in U.S. dollars unless otherwise noted.

(a) Variable or floating rate security. The stated rate represents the rate at March 31, 2026. 

---

| | |
|:---|:---|
|  | Maturity date shown for callable securities reflects the earliest possible call date. For <br> securities based on a published reference index and spread, the index and spread are <br> indicated in the description above. For certain variable rate securities, the coupon rate is <br> determined by the issuer/agent based on current market conditions. For certain asset- and <br> mortgage-backed securities, the coupon rate may fluctuate based on changes of the <br> underlying collateral or prepayments of principal. These securities do not indicate a reference <br> index and spread in their description above.<br>|
| (b) | The rate shown represents current yield to maturity. |
| (144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These <br> securities may be resold in transactions exempt from registration, normally to qualified <br> institutional buyers. As of March 31, 2026, the market value of 144A securities was <br> $271,911,908, which is 37.4% of net assets.<br>|

---

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Total Short-Term Investments\* | &nbsp;&nbsp; $— | &nbsp;&nbsp; $729648918 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $729648918 |
| Total Investments | &nbsp;&nbsp; $— | &nbsp;&nbsp; $729648918 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $729648918 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

**BHFTII-80**

------

**Brighthouse Funds Trust II**

**Brighthouse Asset Allocation 20 Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Investment Companies—100.1% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Affiliated Mutual Funds — 100.1%** | **Affiliated Mutual Funds — 100.1%** | **Affiliated Mutual Funds — 100.1%** |
| AB International Bond Portfolio (Class A) (a) | 734817 | &nbsp;&nbsp;&nbsp; $5790359 |
| Baillie Gifford International Stock Portfolio (Class A) (b) | 256463 | &nbsp;&nbsp;&nbsp; 2805701 |
| BlackRock Bond Income Portfolio (Class A) (b) | 413432 | &nbsp;&nbsp;&nbsp; 37820718 |
| BlackRock Capital Appreciation Portfolio (Class A) (b) | 52376 | &nbsp;&nbsp;&nbsp; 2114934 |
| BlackRock High Yield Portfolio (Class A) (a) | 287474 | &nbsp;&nbsp;&nbsp; 2179050 |
| Brighthouse Small Cap Value Portfolio (Class A) (a) | 250939 | &nbsp;&nbsp;&nbsp; 2845647 |
| Brighthouse/Artisan International Portfolio (Class A) (a) | 157054 | &nbsp;&nbsp;&nbsp; 2095099 |
| Brighthouse/Artisan Mid Cap Value Portfolio (Class A) (b) | 4512 | &nbsp;&nbsp;&nbsp; 717970 |
| Brighthouse/Eaton Vance Floating Rate Portfolio (Class A) (a) | 551714 | &nbsp;&nbsp;&nbsp; 5070250 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Franklin Low Duration Total Return Portfolio (Class A) <br> (a)<br>| 1637946 | &nbsp;&nbsp;&nbsp; 14528582 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Wellington Core Equity Opportunities Portfolio <br> (Class A) (b)<br>| 191243 | &nbsp;&nbsp;&nbsp; 4966570 |
| Brighthouse/Wellington Large Cap Research Portfolio (Class A) (a) <br>| 204244 | &nbsp;&nbsp;&nbsp; 2861453 |
| CBRE Global Real Estate Portfolio (Class A) (a) | 130384 | &nbsp;&nbsp;&nbsp; 1400329 |
| Harris Oakmark International Portfolio (Class A) (a) | 193934 | &nbsp;&nbsp;&nbsp; 2779081 |
| Invesco Comstock Portfolio (Class A) (a) | 436666 | &nbsp;&nbsp;&nbsp; 5781465 |
| Invesco Global Equity Portfolio (Class A) (a) | 31255 | &nbsp;&nbsp;&nbsp; 706043 |
| Jennison Growth Portfolio (Class A) (b) | 202060 | &nbsp;&nbsp;&nbsp; 2824800 |
| JPMorgan Core Bond Portfolio (Class A) (a) | 2605541 | &nbsp;&nbsp;&nbsp; 23997030 |
| JPMorgan Small Cap Value Portfolio (Class A) (a) | 115511 | &nbsp;&nbsp;&nbsp; 1438117 |
| Loomis Sayles Small Cap Growth Portfolio (Class A) (b) | 63371 | &nbsp;&nbsp;&nbsp; 712922 |
| MFS Research International Portfolio (Class A) (a) | 206648 | &nbsp;&nbsp;&nbsp; 2835209 |
| MFS Value Portfolio (Class A) (b) | 524427 | &nbsp;&nbsp;&nbsp; 7226600 |
| Neuberger Berman Genesis Portfolio (Class A) (b) | 46471 | &nbsp;&nbsp;&nbsp; 710537 |
| PIMCO Inflation Protected Bond Portfolio (Class A) (a) | 2329867 | &nbsp;&nbsp;&nbsp; 23974333 |
| PIMCO Total Return Portfolio (Class A) (a) | 3594016 | &nbsp;&nbsp;&nbsp; 36371439 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Affiliated Mutual Funds—(Continued)** | **Affiliated Mutual Funds—(Continued)** | **Affiliated Mutual Funds—(Continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Emerging Markets Enhanced Index Portfolio (Class A) <br> (formerly, SSGA Emerging Markets Enhanced Index Portfolio) <br> (a)<br>| 47469 | &nbsp;&nbsp;&nbsp; $687830 |
| T. Rowe Price Large Cap Growth Portfolio (Class A) (b) | 94109 | &nbsp;&nbsp;&nbsp; 2117455 |
| T. Rowe Price Large Cap Value Portfolio (Class A) (a) | 155344 | &nbsp;&nbsp;&nbsp; 4326334 |
| T. Rowe Price Mid Cap Growth Portfolio (Class A) (a) | 88277 | &nbsp;&nbsp;&nbsp; 714163 |
| T. Rowe Price Small Cap Growth Portfolio (Class A) (b) | 114833 | &nbsp;&nbsp;&nbsp; 2129004 |
| TCW Core Fixed Income Portfolio (Class A) (a) | 3294427 | &nbsp;&nbsp;&nbsp; 29089793 |
| VanEck Global Natural Resources Portfolio (Class A) (b) | 221185 | &nbsp;&nbsp;&nbsp; 3642922 |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Asset Management Strategic Bond Opportunities Portfolio <br> (Class A) (b)<br>| 1359830 | &nbsp;&nbsp;&nbsp; 14522988 |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Asset Management U.S. Government Portfolio (Class A) <br> (b)<br>| 3509800 | &nbsp;&nbsp;&nbsp; 37800550 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $303,944,959) <br>|  | &nbsp;&nbsp;&nbsp; 289585277 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—100.1% <br>(Cost $303,944,959) <br>|  | &nbsp;&nbsp;&nbsp; 289585277 |
| Other assets and liabilities (net)—(0.1)%  |  | &nbsp;&nbsp;&nbsp; (403174)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $289182103 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) A Portfolio of Brighthouse Funds Trust I. (See the table that follows for a summary
 of transactions in affiliated issuers.)

&nbsp;&nbsp;&nbsp;&nbsp;(b) A Portfolio of Brighthouse Funds Trust II. (See the table that follows for a summary
 of transactions in affiliated issuers.)

**Transactions in Securities of Affiliated Issuers**

The Asset Allocation Portfolio does not invest in the Underlying Portfolios for the purpose of exercising control; however, investments by the Asset Allocation Portfolio within its principal investment strategies may represent a significant portion of the Underlying Portfolios net assets. Transactions in the Underlying Portfolios for the period ended March 31, 2026 were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Security Description** | **Market Value** <br>**December 31, 2025**<br>| **Purchases** | **Sales** | **Realized** <br>**Gain/(Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Ending Value** <br>**as of** <br>**March 31, 2026**<br>|
| AB International Bond Portfolio (Class A) | &nbsp;&nbsp; $6084828 | &nbsp;&nbsp; $9051 | &nbsp;&nbsp; $(253889)<br>| &nbsp;&nbsp; $(63093)<br>| &nbsp;&nbsp; $13462 | &nbsp;&nbsp; $5790359 |
| Baillie Gifford International Stock Portfolio (Class A) | &nbsp;&nbsp; 3038725 | &nbsp;&nbsp; 125302 | &nbsp;&nbsp; (198704)<br>| &nbsp;&nbsp; 15714 | &nbsp;&nbsp; (175336)<br>| &nbsp;&nbsp; 2805701 |
| BlackRock Bond Income Portfolio (Class A) | &nbsp;&nbsp; 39498850 | &nbsp;&nbsp; 104530 | &nbsp;&nbsp; (1692718)<br>| &nbsp;&nbsp; (319917)<br>| &nbsp;&nbsp; 229973 | &nbsp;&nbsp; 37820718 |
| BlackRock Capital Appreciation Portfolio (Class A) | &nbsp;&nbsp; 2262238 | &nbsp;&nbsp; 146039 | &nbsp;&nbsp; (87830)<br>| &nbsp;&nbsp; 35435 | &nbsp;&nbsp; (240948)<br>| &nbsp;&nbsp; 2114934 |
| BlackRock High Yield Portfolio (Class A) | &nbsp;&nbsp; 2282735 | &nbsp;&nbsp; 5440 | &nbsp;&nbsp; (94613)<br>| &nbsp;&nbsp; 4277 | &nbsp;&nbsp; (18789)<br>| &nbsp;&nbsp; 2179050 |
| Brighthouse Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 2986929 | &nbsp;&nbsp; 97359 | &nbsp;&nbsp; (248529)<br>| &nbsp;&nbsp; (26797)<br>| &nbsp;&nbsp; 36685 | &nbsp;&nbsp; 2845647 |
| Brighthouse/Artisan International Portfolio (Class A) | &nbsp;&nbsp; 2276655 | &nbsp;&nbsp; 26977 | &nbsp;&nbsp; (331976)<br>| &nbsp;&nbsp; 56670 | &nbsp;&nbsp; 66773 | &nbsp;&nbsp; 2095099 |
| Brighthouse/Artisan Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 751790 | &nbsp;&nbsp; 42655 | &nbsp;&nbsp; (41521)<br>| &nbsp;&nbsp; (24282)<br>| &nbsp;&nbsp; (10672)<br>| &nbsp;&nbsp; 717970 |
| Brighthouse/Eaton Vance Floating Rate Portfolio (Class A) | &nbsp;&nbsp; 5319544 | &nbsp;&nbsp; 27252 | &nbsp;&nbsp; (242779)<br>| &nbsp;&nbsp; (22391)<br>| &nbsp;&nbsp; (11376)<br>| &nbsp;&nbsp; 5070250 |
| Brighthouse/Franklin Low Duration Total Return Portfolio (Class A) | &nbsp;&nbsp; 15200370 | &nbsp;&nbsp; 32603 | &nbsp;&nbsp; (755649)<br>| &nbsp;&nbsp; (50572)<br>| &nbsp;&nbsp; 101830 | &nbsp;&nbsp; 14528582 |
| Brighthouse/Wellington Core Equity Opportunities Portfolio (Class A) | &nbsp;&nbsp; 5297078 | &nbsp;&nbsp; 72124 | &nbsp;&nbsp; (136491)<br>| &nbsp;&nbsp; (16090)<br>| &nbsp;&nbsp; (250051)<br>| &nbsp;&nbsp; 4966570 |
| Brighthouse/Wellington Large Cap Research Portfolio (Class A) | &nbsp;&nbsp; 3021129 | &nbsp;&nbsp; 57965 | &nbsp;&nbsp; (70003)<br>| &nbsp;&nbsp; 16627 | &nbsp;&nbsp; (164265)<br>| &nbsp;&nbsp; 2861453 |
| CBRE Global Real Estate Portfolio (Class A) | &nbsp;&nbsp; 1515164 | &nbsp;&nbsp; 18104 | &nbsp;&nbsp; (157557)<br>| &nbsp;&nbsp; (19012)<br>| &nbsp;&nbsp; 43630 | &nbsp;&nbsp; 1400329 |
| Harris Oakmark International Portfolio (Class A) | &nbsp;&nbsp; 3039346 | &nbsp;&nbsp; 102013 | &nbsp;&nbsp; (174021)<br>| &nbsp;&nbsp; 14922 | &nbsp;&nbsp; (203179)<br>| &nbsp;&nbsp; 2779081 |
| Invesco Comstock Portfolio (Class A) | &nbsp;&nbsp; 6054563 | &nbsp;&nbsp; 49674 | &nbsp;&nbsp; (347795)<br>| &nbsp;&nbsp; 10716 | &nbsp;&nbsp; 14307 | &nbsp;&nbsp; 5781465 |
| Invesco Global Equity Portfolio (Class A) | &nbsp;&nbsp; 757073 | &nbsp;&nbsp; 54560 | &nbsp;&nbsp; (31044)<br>| &nbsp;&nbsp; 7632 | &nbsp;&nbsp; (82178)<br>| &nbsp;&nbsp; 706043 |
| Jennison Growth Portfolio (Class A) | &nbsp;&nbsp; 3020065 | &nbsp;&nbsp; 225449 | &nbsp;&nbsp; (84655)<br>| &nbsp;&nbsp; (1746)<br>| &nbsp;&nbsp; (334313)<br>| &nbsp;&nbsp; 2824800 |
| JPMorgan Core Bond Portfolio (Class A) | &nbsp;&nbsp; 25058077 | &nbsp;&nbsp; 54665 | &nbsp;&nbsp; (1149419)<br>| &nbsp;&nbsp; (156692)<br>| &nbsp;&nbsp; 190399 | &nbsp;&nbsp; 23997030 |
| JPMorgan Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 1493149 | &nbsp;&nbsp; 20591 | &nbsp;&nbsp; (138343)<br>| &nbsp;&nbsp; 22809 | &nbsp;&nbsp; 39911 | &nbsp;&nbsp; 1438117 |

---

**BHFTII-81**

------

**Brighthouse Funds Trust II**

**Brighthouse Asset Allocation 20 Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Security Description** | **Market Value**<br> **December 31, 2025**<br>| **Purchases** | **Sales** | **Realized**<br> **Gain/(Loss)**<br>| **Change in**<br> **Unrealized**<br> **Appreciation/**<br> **(Depreciation)**<br>| **Ending Value**<br> **as of**<br> **March 31, 2026**<br>|
| Loomis Sayles Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; $743385 | &nbsp;&nbsp; $24739 | &nbsp;&nbsp; $(62367)<br>| &nbsp;&nbsp; $17044 | &nbsp;&nbsp; $(9879)<br>| &nbsp;&nbsp; $712922 |
| MFS Research International Portfolio (Class A) | &nbsp;&nbsp; 3037684 | &nbsp;&nbsp; 58212 | &nbsp;&nbsp; (309203)<br>| &nbsp;&nbsp; 14835 | &nbsp;&nbsp; 33681 | &nbsp;&nbsp; 2835209 |
| MFS Value Portfolio (Class A) | &nbsp;&nbsp; 7558124 | &nbsp;&nbsp; 60686 | &nbsp;&nbsp; (489347)<br>| &nbsp;&nbsp; (71226)<br>| &nbsp;&nbsp; 168363 | &nbsp;&nbsp; 7226600 |
| Neuberger Berman Genesis Portfolio (Class A) | &nbsp;&nbsp; 745837 | &nbsp;&nbsp; 28088 | &nbsp;&nbsp; (75785)<br>| &nbsp;&nbsp; (5584)<br>| &nbsp;&nbsp; 17981 | &nbsp;&nbsp; 710537 |
| PIMCO Inflation Protected Bond Portfolio (Class A) | &nbsp;&nbsp; 25054947 | &nbsp;&nbsp; 39252 | &nbsp;&nbsp; (1103013)<br>| &nbsp;&nbsp; 103024 | &nbsp;&nbsp; (119877)<br>| &nbsp;&nbsp; 23974333 |
| PIMCO Total Return Portfolio (Class A) | &nbsp;&nbsp; 37986465 | &nbsp;&nbsp; 100852 | &nbsp;&nbsp; (1581223)<br>| &nbsp;&nbsp; (198140)<br>| &nbsp;&nbsp; 63485 | &nbsp;&nbsp; 36371439 |
| State Street Emerging Markets Enhanced Index Portfolio (Class A) (formerly, SSGA <br> Emerging Markets Enhanced Index Portfolio)<br>| &nbsp;&nbsp; 761628 | &nbsp;&nbsp; 28428 | &nbsp;&nbsp; (133685)<br>| &nbsp;&nbsp; 20476 | &nbsp;&nbsp; 10983 | &nbsp;&nbsp; 687830 |
| T. Rowe Price Large Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 2265821 | &nbsp;&nbsp; 174148 | &nbsp;&nbsp; (52954)<br>| &nbsp;&nbsp; 20111 | &nbsp;&nbsp; (289671)<br>| &nbsp;&nbsp; 2117455 |
| T. Rowe Price Large Cap Value Portfolio (Class A) | &nbsp;&nbsp; 4544951 | &nbsp;&nbsp; 35932 | &nbsp;&nbsp; (362643)<br>| &nbsp;&nbsp; (67313)<br>| &nbsp;&nbsp; 175407 | &nbsp;&nbsp; 4326334 |
| T. Rowe Price Mid Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 751105 | &nbsp;&nbsp; 35075 | &nbsp;&nbsp; (43399)<br>| &nbsp;&nbsp; (13351)<br>| &nbsp;&nbsp; (15267)<br>| &nbsp;&nbsp; 714163 |
| T. Rowe Price Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 2228298 | &nbsp;&nbsp; 92011 | &nbsp;&nbsp; (189120)<br>| &nbsp;&nbsp; 38038 | &nbsp;&nbsp; (40223)<br>| &nbsp;&nbsp; 2129004 |
| TCW Core Fixed Income Portfolio (Class A) | &nbsp;&nbsp; 30371688 | &nbsp;&nbsp; 65113 | &nbsp;&nbsp; (1388313)<br>| &nbsp;&nbsp; (217918)<br>| &nbsp;&nbsp; 259223 | &nbsp;&nbsp; 29089793 |
| VanEck Global Natural Resources Portfolio (Class A) | &nbsp;&nbsp; 3775979 | &nbsp;&nbsp; 133425 | &nbsp;&nbsp; (860825)<br>| &nbsp;&nbsp; 207636 | &nbsp;&nbsp; 386707 | &nbsp;&nbsp; 3642922 |
| Western Asset Management Strategic Bond Opportunities Portfolio (Class A) | &nbsp;&nbsp; 15208611 | &nbsp;&nbsp; 26463 | &nbsp;&nbsp; (674425)<br>| &nbsp;&nbsp; (184754)<br>| &nbsp;&nbsp; 147093 | &nbsp;&nbsp; 14522988 |
| Western Asset Management U.S. Government Portfolio (Class A) | &nbsp;&nbsp; 39498468 | &nbsp;&nbsp; 83391 | &nbsp;&nbsp; (1895901)<br>| &nbsp;&nbsp; (226214)<br>| &nbsp;&nbsp; 340806 | &nbsp;&nbsp; 37800550 |
|  | &nbsp;&nbsp; $303491299 | &nbsp;&nbsp; $2258168 | &nbsp;&nbsp; $(15459739)<br>| &nbsp;&nbsp; $(1079126)<br>| &nbsp;&nbsp; $374675 | &nbsp;&nbsp; $289585277 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Security Description** | **Number of** <br>**shares held at** <br>**March 31, 2026**<br>|
| AB International Bond Portfolio (Class A) | &nbsp;&nbsp; 734817 |
| Baillie Gifford International Stock Portfolio (Class A) | &nbsp;&nbsp; 256463 |
| BlackRock Bond Income Portfolio (Class A) | &nbsp;&nbsp; 413432 |
| BlackRock Capital Appreciation Portfolio (Class A) | &nbsp;&nbsp; 52376 |
| BlackRock High Yield Portfolio (Class A) | &nbsp;&nbsp; 287474 |
| Brighthouse Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 250939 |
| Brighthouse/Artisan International Portfolio (Class A) | &nbsp;&nbsp; 157054 |
| Brighthouse/Artisan Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 4512 |
| Brighthouse/Eaton Vance Floating Rate Portfolio (Class A) | &nbsp;&nbsp; 551714 |
| Brighthouse/Franklin Low Duration Total Return Portfolio (Class A) | &nbsp;&nbsp; 1637946 |
| Brighthouse/Wellington Core Equity Opportunities Portfolio (Class A) | &nbsp;&nbsp; 191243 |
| Brighthouse/Wellington Large Cap Research Portfolio (Class A) | &nbsp;&nbsp; 204244 |
| CBRE Global Real Estate Portfolio (Class A) | &nbsp;&nbsp; 130384 |
| Harris Oakmark International Portfolio (Class A) | &nbsp;&nbsp; 193934 |
| Invesco Comstock Portfolio (Class A) | &nbsp;&nbsp; 436666 |
| Invesco Global Equity Portfolio (Class A) | &nbsp;&nbsp; 31255 |
| Jennison Growth Portfolio (Class A) | &nbsp;&nbsp; 202060 |
| JPMorgan Core Bond Portfolio (Class A) | &nbsp;&nbsp; 2605541 |
| JPMorgan Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 115511 |
| Loomis Sayles Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 63371 |
| MFS Research International Portfolio (Class A) | &nbsp;&nbsp; 206648 |
| MFS Value Portfolio (Class A) | &nbsp;&nbsp; 524427 |
| Neuberger Berman Genesis Portfolio (Class A) | &nbsp;&nbsp; 46471 |
| PIMCO Inflation Protected Bond Portfolio (Class A) | &nbsp;&nbsp; 2329867 |
| PIMCO Total Return Portfolio (Class A) | &nbsp;&nbsp; 3594016 |
| State Street Emerging Markets Enhanced Index Portfolio (Class A) (formerly, SSGA Emerging Markets Enhanced Index Portfolio) | &nbsp;&nbsp; 47469 |
| T. Rowe Price Large Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 94109 |
| T. Rowe Price Large Cap Value Portfolio (Class A) | &nbsp;&nbsp; 155344 |
| T. Rowe Price Mid Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 88277 |
| T. Rowe Price Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 114833 |
| TCW Core Fixed Income Portfolio (Class A) | &nbsp;&nbsp; 3294427 |
| VanEck Global Natural Resources Portfolio (Class A) | &nbsp;&nbsp; 221185 |
| Western Asset Management Strategic Bond Opportunities Portfolio (Class A) | &nbsp;&nbsp; 1359830 |
| Western Asset Management U.S. Government Portfolio (Class A) | &nbsp;&nbsp; 3509800 |

---

**BHFTII-82**

------

**Brighthouse Funds Trust II**

**Brighthouse Asset Allocation 20 Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Total Investment Companies\* | &nbsp;&nbsp;&nbsp; $289585277 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $289585277 |
| Total Investments | &nbsp;&nbsp;&nbsp; $289585277 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $289585277 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

**BHFTII-83**

------

**Brighthouse Funds Trust II**

**Brighthouse Asset Allocation 40 Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Investment Companies—100.0% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Affiliated Mutual Funds — 100.0%** | **Affiliated Mutual Funds — 100.0%** | **Affiliated Mutual Funds — 100.0%** |
| AB International Bond Portfolio (Class A) (a) | 11324370 | &nbsp;&nbsp;&nbsp; $89236034 |
| Allspring Mid Cap Value Portfolio (Class A) (a) | 696473 | &nbsp;&nbsp;&nbsp; 7257249 |
| Baillie Gifford International Stock Portfolio (Class A) (b) | 6480954 | &nbsp;&nbsp;&nbsp; 70901635 |
| BlackRock Bond Income Portfolio (Class A) (b) | 3351500 | &nbsp;&nbsp;&nbsp; 306595209 |
| BlackRock Capital Appreciation Portfolio (Class A) (b) | 1205098 | &nbsp;&nbsp;&nbsp; 48661842 |
| BlackRock High Yield Portfolio (Class A) (a) | 3946510 | &nbsp;&nbsp;&nbsp; 29914546 |
| Brighthouse Small Cap Value Portfolio (Class A) (a) | 3142068 | &nbsp;&nbsp;&nbsp; 35631056 |
| Brighthouse/Artisan International Portfolio (Class A) (a) | 3755594 | &nbsp;&nbsp;&nbsp; 50099618 |
| Brighthouse/Artisan Mid Cap Value Portfolio (Class A) (b) | 44912 | &nbsp;&nbsp;&nbsp; 7146428 |
| Brighthouse/Eaton Vance Floating Rate Portfolio (Class A) (a) | 5694473 | &nbsp;&nbsp;&nbsp; 52332209 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Franklin Low Duration Total Return Portfolio <br> (Class A) (a)<br>| 10144206 | &nbsp;&nbsp;&nbsp; 89979111 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Templeton International Bond Portfolio (Class A) <br> (a) (c)<br>| 3671879 | &nbsp;&nbsp;&nbsp; 29448466 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Wellington Core Equity Opportunities Portfolio <br> (Class A) (b)<br>| 3630384 | &nbsp;&nbsp;&nbsp; 94281073 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Wellington Large Cap Research Portfolio (Class A) <br> (a)<br>| 4679862 | &nbsp;&nbsp;&nbsp; 65564873 |
| CBRE Global Real Estate Portfolio (Class A) (a) | 1992904 | &nbsp;&nbsp;&nbsp; 21403792 |
| Harris Oakmark International Portfolio (Class A) (a) | 5319967 | &nbsp;&nbsp;&nbsp; 76235124 |
| Invesco Comstock Portfolio (Class A) (a) | 7251561 | &nbsp;&nbsp;&nbsp; 96010671 |
| Invesco Global Equity Portfolio (Class A) (a) | 1212572 | &nbsp;&nbsp;&nbsp; 27391998 |
| Invesco Small Cap Growth Portfolio (Class A) (a) (c) | 1395638 | &nbsp;&nbsp;&nbsp; 14263416 |
| Jennison Growth Portfolio (Class A) (b) | 2428441 | &nbsp;&nbsp;&nbsp; 33949608 |
| JPMorgan Core Bond Portfolio (Class A) (a) | 13815592 | &nbsp;&nbsp;&nbsp; 127241606 |
| JPMorgan Small Cap Value Portfolio (Class A) (a) | 1765106 | &nbsp;&nbsp;&nbsp; 21975572 |
| Loomis Sayles Growth Portfolio (Class A) (a) | 1596302 | &nbsp;&nbsp;&nbsp; 27232909 |
| Loomis Sayles Small Cap Growth Portfolio (Class A) (b) | 646610 | &nbsp;&nbsp;&nbsp; 7274359 |
| MFS Research International Portfolio (Class A) (a) | 3653449 | &nbsp;&nbsp;&nbsp; 50125319 |
| MFS Value Portfolio (Class A) (b) | 8052141 | &nbsp;&nbsp;&nbsp; 110958504 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Affiliated Mutual Funds—(Continued)** | **Affiliated Mutual Funds—(Continued)** | **Affiliated Mutual Funds—(Continued)** |
| Neuberger Berman Genesis Portfolio (Class A) (b) | 941487 | &nbsp;&nbsp;&nbsp; $14395341 |
| PIMCO Inflation Protected Bond Portfolio (Class A) (a) | 15258666 | &nbsp;&nbsp;&nbsp; 157011669 |
| PIMCO Total Return Portfolio (Class A) (a) | 29557982 | &nbsp;&nbsp;&nbsp; 299126779 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Emerging Markets Enhanced Index Portfolio <br> (Class A) (formerly, SSGA Emerging Markets Enhanced Index <br> Portfolio) (a)<br>| 2862589 | &nbsp;&nbsp;&nbsp; 41478916 |
| T. Rowe Price Large Cap Growth Portfolio (Class A) (b) | 1810001 | &nbsp;&nbsp;&nbsp; 40725017 |
| T. Rowe Price Large Cap Value Portfolio (Class A) (a) | 3710383 | &nbsp;&nbsp;&nbsp; 103334176 |
| T. Rowe Price Mid Cap Growth Portfolio (Class A) (a) | 1792495 | &nbsp;&nbsp;&nbsp; 14501286 |
| T. Rowe Price Small Cap Growth Portfolio (Class A) (b) | 1943269 | &nbsp;&nbsp;&nbsp; 36028200 |
| TCW Core Fixed Income Portfolio (Class A) (a) | 26297723 | &nbsp;&nbsp;&nbsp; 232208890 |
| VanEck Global Natural Resources Portfolio (Class A) (b) | 3604201 | &nbsp;&nbsp;&nbsp; 59361189 |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Asset Management Strategic Bond Opportunities <br> Portfolio (Class A) (b)<br>| 9789336 | &nbsp;&nbsp;&nbsp; 104550112 |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Asset Management U.S. Government Portfolio (Class A) <br> (b)<br>| 22950323 | &nbsp;&nbsp;&nbsp; 247174980 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $3,005,137,599) <br>|  | &nbsp;&nbsp;&nbsp; 2941008782 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—100.0% <br>(Cost $3,005,137,599) <br>|  | &nbsp;&nbsp;&nbsp; 2941008782 |
| Other assets and liabilities (net)—0.0%  |  | &nbsp;&nbsp;&nbsp; (1187816)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $2939820966 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) A Portfolio of Brighthouse Funds Trust I. (See the table that follows for a summary
 of transactions in affiliated issuers.)

&nbsp;&nbsp;&nbsp;&nbsp;(b) A Portfolio of Brighthouse Funds Trust II. (See the table that follows for a summary
 of transactions in affiliated issuers.)

&nbsp;&nbsp;&nbsp;&nbsp;(c) Non-income producing security.

**Transactions in Securities of Affiliated Issuers**

The Asset Allocation Portfolio does not invest in the Underlying Portfolios for the purpose of exercising control; however, investments by the Asset Allocation Portfolio within its principal investment strategies may represent a significant portion of the Underlying Portfolios net assets. Transactions in the Underlying Portfolios for the period ended March 31, 2026 were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Security Description** | **Market Value** <br>**December 31, 2025**<br>| **Purchases** | **Sales** | **Realized** <br>**Gain/(Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Ending Value** <br>**as of** <br>**March 31, 2026**<br>|
| AB International Bond Portfolio (Class A) | &nbsp;&nbsp; $93320649 | &nbsp;&nbsp; $95 | &nbsp;&nbsp; $(3320663)<br>| &nbsp;&nbsp; $(820223)<br>| &nbsp;&nbsp; $56176 | &nbsp;&nbsp; $89236034 |
| Allspring Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 7686831 | &nbsp;&nbsp; 5911 | &nbsp;&nbsp; (696962)<br>| &nbsp;&nbsp; 74593 | &nbsp;&nbsp; 186876 | &nbsp;&nbsp; 7257249 |
| Baillie Gifford International Stock Portfolio (Class A) | &nbsp;&nbsp; 77706847 | &nbsp;&nbsp; 66690 | &nbsp;&nbsp; (2744660)<br>| &nbsp;&nbsp; 24434 | &nbsp;&nbsp; (4151676)<br>| &nbsp;&nbsp; 70901635 |
| BlackRock Bond Income Portfolio (Class A) | &nbsp;&nbsp; 318366549 | &nbsp;&nbsp; 11506 | &nbsp;&nbsp; (11047525)<br>| &nbsp;&nbsp; (1846280)<br>| &nbsp;&nbsp; 1110959 | &nbsp;&nbsp; 306595209 |
| BlackRock Capital Appreciation Portfolio (Class A) | &nbsp;&nbsp; 53452371 | &nbsp;&nbsp; 53826 | &nbsp;&nbsp; (14199)<br>| &nbsp;&nbsp; 1518 | &nbsp;&nbsp; (4831674)<br>| &nbsp;&nbsp; 48661842 |
| BlackRock High Yield Portfolio (Class A) | &nbsp;&nbsp; 31136131 | &nbsp;&nbsp; 39 | &nbsp;&nbsp; (1023626)<br>| &nbsp;&nbsp; 45686 | &nbsp;&nbsp; (243684)<br>| &nbsp;&nbsp; 29914546 |
| Brighthouse Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 38162902 | &nbsp;&nbsp; 45727 | &nbsp;&nbsp; (2686081)<br>| &nbsp;&nbsp; 134050 | &nbsp;&nbsp; (25542)<br>| &nbsp;&nbsp; 35631056 |
| Brighthouse/Artisan International Portfolio (Class A) | &nbsp;&nbsp; 54361380 | &nbsp;&nbsp; 7292 | &nbsp;&nbsp; (7228037)<br>| &nbsp;&nbsp; 1227660 | &nbsp;&nbsp; 1731323 | &nbsp;&nbsp; 50099618 |
| Brighthouse/Artisan Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 7660657 | &nbsp;&nbsp; 8747 | &nbsp;&nbsp; (167833)<br>| &nbsp;&nbsp; 5370 | &nbsp;&nbsp; (360513)<br>| &nbsp;&nbsp; 7146428 |
| Brighthouse/Eaton Vance Floating Rate Portfolio (Class A) | &nbsp;&nbsp; 54338422 | &nbsp;&nbsp; 12598 | &nbsp;&nbsp; (1671024)<br>| &nbsp;&nbsp; (191124)<br>| &nbsp;&nbsp; (156663)<br>| &nbsp;&nbsp; 52332209 |
| Brighthouse/Franklin Low Duration Total Return Portfolio (Class A) | &nbsp;&nbsp; 93204240 | &nbsp;&nbsp; 4235 | &nbsp;&nbsp; (3545668)<br>| &nbsp;&nbsp; (415731)<br>| &nbsp;&nbsp; 732035 | &nbsp;&nbsp; 89979111 |
| Brighthouse/Templeton International Bond Portfolio (Class A) | &nbsp;&nbsp; 31082195 | &nbsp;&nbsp; 5697 | &nbsp;&nbsp; (1276441)<br>| &nbsp;&nbsp; (186933)<br>| &nbsp;&nbsp; (176052)<br>| &nbsp;&nbsp; 29448466 |
| Brighthouse/Wellington Core Equity Opportunities Portfolio (Class A) | &nbsp;&nbsp; 100503855 | &nbsp;&nbsp; 51169 | &nbsp;&nbsp; (1176335)<br>| &nbsp;&nbsp; (192736)<br>| &nbsp;&nbsp; (4904880)<br>| &nbsp;&nbsp; 94281073 |
| Brighthouse/Wellington Large Cap Research Portfolio (Class A) | &nbsp;&nbsp; 69447219 | &nbsp;&nbsp; 26633 | &nbsp;&nbsp; (501151)<br>| &nbsp;&nbsp; 50242 | &nbsp;&nbsp; (3458070)<br>| &nbsp;&nbsp; 65564873 |
| CBRE Global Real Estate Portfolio (Class A) | &nbsp;&nbsp; 23183194 | &nbsp;&nbsp; 14846 | &nbsp;&nbsp; (2166977)<br>| &nbsp;&nbsp; (61339)<br>| &nbsp;&nbsp; 434068 | &nbsp;&nbsp; 21403792 |
| Harris Oakmark International Portfolio (Class A) | &nbsp;&nbsp; 85530611 | &nbsp;&nbsp; 92583 | &nbsp;&nbsp; (4107854)<br>| &nbsp;&nbsp; 1715173 | &nbsp;&nbsp; (6995389)<br>| &nbsp;&nbsp; 76235124 |

---

**BHFTII-84**

------

**Brighthouse Funds Trust II**

**Brighthouse Asset Allocation 40 Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Security Description** | **Market Value**<br> **December 31, 2025**<br>| **Purchases** | **Sales** | **Realized**<br> **Gain/(Loss)**<br>| **Change in**<br> **Unrealized**<br> **Appreciation/**<br> **(Depreciation)**<br>| **Ending Value**<br> **as of**<br> **March 31, 2026**<br>|
| Invesco Comstock Portfolio (Class A) | &nbsp;&nbsp; $100565908 | &nbsp;&nbsp; $49605 | &nbsp;&nbsp; $(5012400)<br>| &nbsp;&nbsp; $1197999 | &nbsp;&nbsp; $(790441)<br>| &nbsp;&nbsp; $96010671 |
| Invesco Global Equity Portfolio (Class A) | &nbsp;&nbsp; 30932987 | &nbsp;&nbsp; 47189 | &nbsp;&nbsp; (624581)<br>| &nbsp;&nbsp; 125595 | &nbsp;&nbsp; (3089192)<br>| &nbsp;&nbsp; 27391998 |
| Invesco Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 15070318 | &nbsp;&nbsp; 18942 | &nbsp;&nbsp; (999797)<br>| &nbsp;&nbsp; (366283)<br>| &nbsp;&nbsp; 540236 | &nbsp;&nbsp; 14263416 |
| Jennison Growth Portfolio (Class A) | &nbsp;&nbsp; 38036485 | &nbsp;&nbsp; 71755 | &nbsp;&nbsp; (9430)<br>| &nbsp;&nbsp; 470 | &nbsp;&nbsp; (4149672)<br>| &nbsp;&nbsp; 33949608 |
| JPMorgan Core Bond Portfolio (Class A) | &nbsp;&nbsp; 131903623 | &nbsp;&nbsp; 6256 | &nbsp;&nbsp; (4844869)<br>| &nbsp;&nbsp; (462811)<br>| &nbsp;&nbsp; 639407 | &nbsp;&nbsp; 127241606 |
| JPMorgan Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 22828932 | &nbsp;&nbsp; 15851 | &nbsp;&nbsp; (1828140)<br>| &nbsp;&nbsp; 163720 | &nbsp;&nbsp; 795209 | &nbsp;&nbsp; 21975572 |
| Loomis Sayles Growth Portfolio (Class A) | &nbsp;&nbsp; 30760824 | &nbsp;&nbsp; 48613 | &nbsp;&nbsp; (36454)<br>| &nbsp;&nbsp; 14419 | &nbsp;&nbsp; (3554493)<br>| &nbsp;&nbsp; 27232909 |
| Loomis Sayles Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 7584053 | &nbsp;&nbsp; 5321 | &nbsp;&nbsp; (383679)<br>| &nbsp;&nbsp; (25419)<br>| &nbsp;&nbsp; 94083 | &nbsp;&nbsp; 7274359 |
| MFS Research International Portfolio (Class A) | &nbsp;&nbsp; 54384275 | &nbsp;&nbsp; 35042 | &nbsp;&nbsp; (5178237)<br>| &nbsp;&nbsp; 1569692 | &nbsp;&nbsp; (685453)<br>| &nbsp;&nbsp; 50125319 |
| MFS Value Portfolio (Class A) | &nbsp;&nbsp; 115805904 | &nbsp;&nbsp; 57984 | &nbsp;&nbsp; (6381171)<br>| &nbsp;&nbsp; (215259)<br>| &nbsp;&nbsp; 1691046 | &nbsp;&nbsp; 110958504 |
| Neuberger Berman Genesis Portfolio (Class A) | &nbsp;&nbsp; 15194243 | &nbsp;&nbsp; 10925 | &nbsp;&nbsp; (1051518)<br>| &nbsp;&nbsp; (184623)<br>| &nbsp;&nbsp; 426314 | &nbsp;&nbsp; 14395341 |
| PIMCO Inflation Protected Bond Portfolio (Class A) | &nbsp;&nbsp; 162743741 | &nbsp;&nbsp; 12633 | &nbsp;&nbsp; (5629850)<br>| &nbsp;&nbsp; (309675)<br>| &nbsp;&nbsp; 194820 | &nbsp;&nbsp; 157011669 |
| PIMCO Total Return Portfolio (Class A) | &nbsp;&nbsp; 310724721 | &nbsp;&nbsp; 8899 | &nbsp;&nbsp; (10490413)<br>| &nbsp;&nbsp; (2027169)<br>| &nbsp;&nbsp; 910741 | &nbsp;&nbsp; 299126779 |
| State Street Emerging Markets Enhanced Index Portfolio (Class A) (formerly, SSGA <br> Emerging Markets Enhanced Index Portfolio)<br>| &nbsp;&nbsp; 46815675 | &nbsp;&nbsp; 33048 | &nbsp;&nbsp; (7330339)<br>| &nbsp;&nbsp; 1339628 | &nbsp;&nbsp; 620904 | &nbsp;&nbsp; 41478916 |
| T. Rowe Price Large Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 45986121 | &nbsp;&nbsp; 85360 | &nbsp;&nbsp; (11314)<br>| &nbsp;&nbsp; 4 | &nbsp;&nbsp; (5335154)<br>| &nbsp;&nbsp; 40725017 |
| T. Rowe Price Large Cap Value Portfolio (Class A) | &nbsp;&nbsp; 108475752 | &nbsp;&nbsp; 47892 | &nbsp;&nbsp; (7776598)<br>| &nbsp;&nbsp; 1341955 | &nbsp;&nbsp; 1245175 | &nbsp;&nbsp; 103334176 |
| T. Rowe Price Mid Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 15350038 | &nbsp;&nbsp; 12657 | &nbsp;&nbsp; (260237)<br>| &nbsp;&nbsp; (49036)<br>| &nbsp;&nbsp; (552136)<br>| &nbsp;&nbsp; 14501286 |
| T. Rowe Price Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 37922462 | &nbsp;&nbsp; 31114 | &nbsp;&nbsp; (1860753)<br>| &nbsp;&nbsp; (185904)<br>| &nbsp;&nbsp; 121281 | &nbsp;&nbsp; 36028200 |
| TCW Core Fixed Income Portfolio (Class A) | &nbsp;&nbsp; 240511615 | &nbsp;&nbsp; 10575 | &nbsp;&nbsp; (8640345)<br>| &nbsp;&nbsp; (966588)<br>| &nbsp;&nbsp; 1293633 | &nbsp;&nbsp; 232208890 |
| VanEck Global Natural Resources Portfolio (Class A) | &nbsp;&nbsp; 61681023 | &nbsp;&nbsp; 35637 | &nbsp;&nbsp; (12101325)<br>| &nbsp;&nbsp; 7279168 | &nbsp;&nbsp; 2466686 | &nbsp;&nbsp; 59361189 |
| Western Asset Management Strategic Bond Opportunities Portfolio (Class A) | &nbsp;&nbsp; 108897426 | &nbsp;&nbsp; 152 | &nbsp;&nbsp; (4078175)<br>| &nbsp;&nbsp; (792272)<br>| &nbsp;&nbsp; 522981 | &nbsp;&nbsp; 104550112 |
| Western Asset Management U.S. Government Portfolio (Class A) | &nbsp;&nbsp; 256202665 | &nbsp;&nbsp; 13840 | &nbsp;&nbsp; (9789639)<br>| &nbsp;&nbsp; (1215495)<br>| &nbsp;&nbsp; 1963609 | &nbsp;&nbsp; 247174980 |
|  | &nbsp;&nbsp; $3097522844 | &nbsp;&nbsp; $1066884 | &nbsp;&nbsp; $(137694300)<br>| &nbsp;&nbsp; $5796476 | &nbsp;&nbsp; $(25683122)<br>| &nbsp;&nbsp; $2941008782 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Security Description** | **Number of** <br>**shares held at** <br>**March 31, 2026**<br>|
| AB International Bond Portfolio (Class A) | &nbsp;&nbsp; 11324370 |
| Allspring Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 696473 |
| Baillie Gifford International Stock Portfolio (Class A) | &nbsp;&nbsp; 6480954 |
| BlackRock Bond Income Portfolio (Class A) | &nbsp;&nbsp; 3351500 |
| BlackRock Capital Appreciation Portfolio (Class A) | &nbsp;&nbsp; 1205098 |
| BlackRock High Yield Portfolio (Class A) | &nbsp;&nbsp; 3946510 |
| Brighthouse Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 3142068 |
| Brighthouse/Artisan International Portfolio (Class A) | &nbsp;&nbsp; 3755594 |
| Brighthouse/Artisan Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 44912 |
| Brighthouse/Eaton Vance Floating Rate Portfolio (Class A) | &nbsp;&nbsp; 5694473 |
| Brighthouse/Franklin Low Duration Total Return Portfolio (Class A) | &nbsp;&nbsp; 10144206 |
| Brighthouse/Templeton International Bond Portfolio (Class A) | &nbsp;&nbsp; 3671879 |
| Brighthouse/Wellington Core Equity Opportunities Portfolio (Class A) | &nbsp;&nbsp; 3630384 |
| Brighthouse/Wellington Large Cap Research Portfolio (Class A) | &nbsp;&nbsp; 4679862 |
| CBRE Global Real Estate Portfolio (Class A) | &nbsp;&nbsp; 1992904 |
| Harris Oakmark International Portfolio (Class A) | &nbsp;&nbsp; 5319967 |
| Invesco Comstock Portfolio (Class A) | &nbsp;&nbsp; 7251561 |
| Invesco Global Equity Portfolio (Class A) | &nbsp;&nbsp; 1212572 |
| Invesco Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 1395638 |
| Jennison Growth Portfolio (Class A) | &nbsp;&nbsp; 2428441 |
| JPMorgan Core Bond Portfolio (Class A) | &nbsp;&nbsp; 13815592 |
| JPMorgan Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 1765106 |
| Loomis Sayles Growth Portfolio (Class A) | &nbsp;&nbsp; 1596302 |
| Loomis Sayles Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 646610 |
| MFS Research International Portfolio (Class A) | &nbsp;&nbsp; 3653449 |
| MFS Value Portfolio (Class A) | &nbsp;&nbsp; 8052141 |
| Neuberger Berman Genesis Portfolio (Class A) | &nbsp;&nbsp; 941487 |
| PIMCO Inflation Protected Bond Portfolio (Class A) | &nbsp;&nbsp; 15258666 |

---

**BHFTII-85**

------

**Brighthouse Funds Trust II**

**Brighthouse Asset Allocation 40 Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

---

| | |
|:---|:---|
| **Security Description** | **Number of**<br> **shares held at**<br> **March 31, 2026**<br>|
| PIMCO Total Return Portfolio (Class A) | &nbsp;&nbsp; 29557982 |
| State Street Emerging Markets Enhanced Index Portfolio (Class A) (formerly, SSGA Emerging Markets Enhanced Index Portfolio) | &nbsp;&nbsp; 2862589 |
| T. Rowe Price Large Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 1810001 |
| T. Rowe Price Large Cap Value Portfolio (Class A) | &nbsp;&nbsp; 3710383 |
| T. Rowe Price Mid Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 1792495 |
| T. Rowe Price Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 1943269 |
| TCW Core Fixed Income Portfolio (Class A) | &nbsp;&nbsp; 26297723 |
| VanEck Global Natural Resources Portfolio (Class A) | &nbsp;&nbsp; 3604201 |
| Western Asset Management Strategic Bond Opportunities Portfolio (Class A) | &nbsp;&nbsp; 9789336 |
| Western Asset Management U.S. Government Portfolio (Class A) | &nbsp;&nbsp; 22950323 |

---

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Total Investment Companies\* | &nbsp;&nbsp;&nbsp; $2941008782 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $2941008782 |
| Total Investments | &nbsp;&nbsp;&nbsp; $2941008782 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $2941008782 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

**BHFTII-86**

------

**Brighthouse Funds Trust II**

**Brighthouse Asset Allocation 60 Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Investment Companies—100.0% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Affiliated Mutual Funds — 100.0%** | **Affiliated Mutual Funds — 100.0%** | **Affiliated Mutual Funds — 100.0%** |
| AB International Bond Portfolio (Class A) (a) | 21252834 | &nbsp;&nbsp;&nbsp; $167472329 |
| Allspring Mid Cap Value Portfolio (Class A) (a) | 1988187 | &nbsp;&nbsp;&nbsp; 20716909 |
| Baillie Gifford International Stock Portfolio (Class A) (b) | 25899012 | &nbsp;&nbsp;&nbsp; 283335189 |
| BlackRock Bond Income Portfolio (Class A) (b) | 7366029 | &nbsp;&nbsp;&nbsp; 673844350 |
| BlackRock Capital Appreciation Portfolio (Class A) (b) | 4853461 | &nbsp;&nbsp;&nbsp; 195982758 |
| BlackRock High Yield Portfolio (Class A) (a) | 12221355 | &nbsp;&nbsp;&nbsp; 92637867 |
| Brighthouse Small Cap Value Portfolio (Class A) (a) | 10783717 | &nbsp;&nbsp;&nbsp; 122287353 |
| Brighthouse/Artisan International Portfolio (Class A) (a) | 18424256 | &nbsp;&nbsp;&nbsp; 245779570 |
| Brighthouse/Artisan Mid Cap Value Portfolio (Class A) (b) | 127983 | &nbsp;&nbsp;&nbsp; 20364678 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Dimensional International Small Company Portfolio <br> (Class A) (b)<br>| 6521912 | &nbsp;&nbsp;&nbsp; 81393460 |
| Brighthouse/Eaton Vance Floating Rate Portfolio (Class A) (a) | 16020227 | &nbsp;&nbsp;&nbsp; 147225885 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Franklin Low Duration Total Return Portfolio <br> (Class A) (a)<br>| 16660945 | &nbsp;&nbsp;&nbsp; 147782585 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Templeton International Bond Portfolio (Class A) <br> (a) (c)<br>| 18166165 | &nbsp;&nbsp;&nbsp; 145692641 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Wellington Core Equity Opportunities Portfolio <br> (Class A) (b)<br>| 13498866 | &nbsp;&nbsp;&nbsp; 350565549 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Wellington Large Cap Research Portfolio (Class A) <br> (a)<br>| 17698691 | &nbsp;&nbsp;&nbsp; 247958662 |
| CBRE Global Real Estate Portfolio (Class A) (a) | 11383376 | &nbsp;&nbsp;&nbsp; 122257460 |
| Harris Oakmark International Portfolio (Class A) (a) | 22109262 | &nbsp;&nbsp;&nbsp; 316825722 |
| Invesco Comstock Portfolio (Class A) (a) | 26945004 | &nbsp;&nbsp;&nbsp; 356751858 |
| Invesco Global Equity Portfolio (Class A) (a) | 3443804 | &nbsp;&nbsp;&nbsp; 77795543 |
| Invesco Small Cap Growth Portfolio (Class A) (a) (c) | 10042496 | &nbsp;&nbsp;&nbsp; 102634306 |
| Jennison Growth Portfolio (Class A) (b) | 16417441 | &nbsp;&nbsp;&nbsp; 229515830 |
| JPMorgan Core Bond Portfolio (Class A) (a) | 22883557 | &nbsp;&nbsp;&nbsp; 210757558 |
| JPMorgan Small Cap Value Portfolio (Class A) (a) | 5024011 | &nbsp;&nbsp;&nbsp; 62548935 |
| Loomis Sayles Growth Portfolio (Class A) (a) | 12396274 | &nbsp;&nbsp;&nbsp; 211480434 |
| Loomis Sayles Small Cap Growth Portfolio (Class A) (b) | 5518383 | &nbsp;&nbsp;&nbsp; 62081805 |
| MFS Research International Portfolio (Class A) (a) | 14961040 | &nbsp;&nbsp;&nbsp; 205265472 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Affiliated Mutual Funds—(Continued)** | **Affiliated Mutual Funds—(Continued)** | **Affiliated Mutual Funds—(Continued)** |
| MFS Value Portfolio (Class A) (b) | 30460884 | &nbsp;&nbsp;&nbsp; $419750980 |
| Neuberger Berman Genesis Portfolio (Class A) (b) | 4031284 | &nbsp;&nbsp;&nbsp; 61638339 |
| PIMCO Inflation Protected Bond Portfolio (Class A) (a) | 20450238 | &nbsp;&nbsp;&nbsp; 210432947 |
| PIMCO Total Return Portfolio (Class A) (a) | 52017570 | &nbsp;&nbsp;&nbsp; 526417806 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Emerging Markets Enhanced Index Portfolio <br> (Class A) (formerly, SSGA Emerging Markets Enhanced Index <br> Portfolio) (a)<br>| 13754240 | &nbsp;&nbsp;&nbsp; 199298939 |
| T. Rowe Price Large Cap Growth Portfolio (Class A) (b) | 7639584 | &nbsp;&nbsp;&nbsp; 171890638 |
| T. Rowe Price Large Cap Value Portfolio (Class A) (a) | 13546908 | &nbsp;&nbsp;&nbsp; 377281385 |
| T. Rowe Price Mid Cap Growth Portfolio (Class A) (a) | 5100891 | &nbsp;&nbsp;&nbsp; 41266209 |
| T. Rowe Price Small Cap Growth Portfolio (Class A) (b) | 6653837 | &nbsp;&nbsp;&nbsp; 123362143 |
| TCW Core Fixed Income Portfolio (Class A) (a) | 53985224 | &nbsp;&nbsp;&nbsp; 476689532 |
| VanEck Global Natural Resources Portfolio (Class A) (b) | 15525675 | &nbsp;&nbsp;&nbsp; 255707861 |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Asset Management Strategic Bond Opportunities <br> Portfolio (Class A) (b)<br>| 11815832 | &nbsp;&nbsp;&nbsp; 126193089 |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Asset Management U.S. Government Portfolio (Class A) <br> (b)<br>| 33297614 | &nbsp;&nbsp;&nbsp; 358615308 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $8,140,414,551) <br>|  | &nbsp;&nbsp;&nbsp; 8249499884 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—100.0% <br>(Cost $8,140,414,551) <br>|  | &nbsp;&nbsp;&nbsp; 8249499884 |
| Other assets and liabilities (net)—0.0%  |  | &nbsp;&nbsp;&nbsp; (2479496)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $8247020388 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) A Portfolio of Brighthouse Funds Trust I. (See the table that follows for a summary
 of transactions in affiliated issuers.)

&nbsp;&nbsp;&nbsp;&nbsp;(b) A Portfolio of Brighthouse Funds Trust II. (See the table that follows for a summary
 of transactions in affiliated issuers.)

&nbsp;&nbsp;&nbsp;&nbsp;(c) Non-income producing security.

**Transactions in Securities of Affiliated Issuers**

The Asset Allocation Portfolio does not invest in the Underlying Portfolios for the purpose of exercising control; however, investments by the Asset Allocation Portfolio within its principal investment strategies may represent a significant portion of the Underlying Portfolios net assets. Transactions in the Underlying Portfolios for the period ended March 31, 2026 were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Security Description** | **Market Value** <br>**December 31, 2025**<br>| **Purchases** | **Sales** | **Realized** <br>**Gain/(Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Ending Value** <br>**as of** <br>**March 31, 2026**<br>|
| AB International Bond Portfolio (Class A) | &nbsp;&nbsp; $174338530 | &nbsp;&nbsp; $404 | &nbsp;&nbsp; $(5401979)<br>| &nbsp;&nbsp; $(1363938)<br>| &nbsp;&nbsp; $(100688)<br>| &nbsp;&nbsp; $167472329 |
| Allspring Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 21650152 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; (1666743)<br>| &nbsp;&nbsp; (69003)<br>| &nbsp;&nbsp; 802492 | &nbsp;&nbsp; 20716909 |
| Baillie Gifford International Stock Portfolio (Class A) | &nbsp;&nbsp; 306565126 | &nbsp;&nbsp; 224901 | &nbsp;&nbsp; (6831997)<br>| &nbsp;&nbsp; (844942)<br>| &nbsp;&nbsp; (15777899)<br>| &nbsp;&nbsp; 283335189 |
| BlackRock Bond Income Portfolio (Class A) | &nbsp;&nbsp; 696326167 | &nbsp;&nbsp; 3110 | &nbsp;&nbsp; (20755901)<br>| &nbsp;&nbsp; (4047208)<br>| &nbsp;&nbsp; 2318182 | &nbsp;&nbsp; 673844350 |
| BlackRock Capital Appreciation Portfolio (Class A) | &nbsp;&nbsp; 215276218 | &nbsp;&nbsp; 245836 | &nbsp;&nbsp; (100507)<br>| &nbsp;&nbsp; (12111)<br>| &nbsp;&nbsp; (19426678)<br>| &nbsp;&nbsp; 195982758 |
| BlackRock High Yield Portfolio (Class A) | &nbsp;&nbsp; 96221675 | &nbsp;&nbsp; 173 | &nbsp;&nbsp; (2963153)<br>| &nbsp;&nbsp; (207565)<br>| &nbsp;&nbsp; (413263)<br>| &nbsp;&nbsp; 92637867 |
| Brighthouse Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 128757932 | &nbsp;&nbsp; 69594 | &nbsp;&nbsp; (6803241)<br>| &nbsp;&nbsp; 382594 | &nbsp;&nbsp; (119526)<br>| &nbsp;&nbsp; 122287353 |
| Brighthouse/Artisan International Portfolio (Class A) | &nbsp;&nbsp; 262344152 | &nbsp;&nbsp; — | &nbsp;&nbsp; (30827739)<br>| &nbsp;&nbsp; 5113886 | &nbsp;&nbsp; 9149271 | &nbsp;&nbsp; 245779570 |
| Brighthouse/Artisan Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 21553571 | &nbsp;&nbsp; 11900 | &nbsp;&nbsp; (178401)<br>| &nbsp;&nbsp; (76965)<br>| &nbsp;&nbsp; (945427)<br>| &nbsp;&nbsp; 20364678 |
| Brighthouse/Dimensional International Small Company Portfolio (Class A) | &nbsp;&nbsp; 87578021 | &nbsp;&nbsp; 22834 | &nbsp;&nbsp; (7653918)<br>| &nbsp;&nbsp; 814691 | &nbsp;&nbsp; 631832 | &nbsp;&nbsp; 81393460 |
| Brighthouse/Eaton Vance Floating Rate Portfolio (Class A) | &nbsp;&nbsp; 152367255 | &nbsp;&nbsp; 2234 | &nbsp;&nbsp; (4163917)<br>| &nbsp;&nbsp; (606281)<br>| &nbsp;&nbsp; (373406)<br>| &nbsp;&nbsp; 147225885 |
| Brighthouse/Franklin Low Duration Total Return Portfolio (Class A) | &nbsp;&nbsp; 152435149 | &nbsp;&nbsp; 539 | &nbsp;&nbsp; (5167390)<br>| &nbsp;&nbsp; (611353)<br>| &nbsp;&nbsp; 1125640 | &nbsp;&nbsp; 147782585 |
| Brighthouse/Templeton International Bond Portfolio (Class A) | &nbsp;&nbsp; 152791289 | &nbsp;&nbsp; 253 | &nbsp;&nbsp; (5243400)<br>| &nbsp;&nbsp; (1795830)<br>| &nbsp;&nbsp; (59671)<br>| &nbsp;&nbsp; 145692641 |
| Brighthouse/Wellington Core Equity Opportunities Portfolio (Class A) | &nbsp;&nbsp; 370007189 | &nbsp;&nbsp; 71862 | &nbsp;&nbsp; (485538)<br>| &nbsp;&nbsp; (64697)<br>| &nbsp;&nbsp; (18963267)<br>| &nbsp;&nbsp; 350565549 |
| Brighthouse/Wellington Large Cap Research Portfolio (Class A) | &nbsp;&nbsp; 260952606 | &nbsp;&nbsp; 43724 | &nbsp;&nbsp; (122715)<br>| &nbsp;&nbsp; 12224 | &nbsp;&nbsp; (12927177)<br>| &nbsp;&nbsp; 247958662 |
| CBRE Global Real Estate Portfolio (Class A) | &nbsp;&nbsp; 130117345 | &nbsp;&nbsp; 14592 | &nbsp;&nbsp; (10022244)<br>| &nbsp;&nbsp; 119029 | &nbsp;&nbsp; 2028738 | &nbsp;&nbsp; 122257460 |

---

**BHFTII-87**

------

**Brighthouse Funds Trust II**

**Brighthouse Asset Allocation 60 Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Security Description** | **Market Value**<br> **December 31, 2025**<br>| **Purchases** | **Sales** | **Realized**<br> **Gain/(Loss)**<br>| **Change in**<br> **Unrealized**<br> **Appreciation/**<br> **(Depreciation)**<br>| **Ending Value**<br> **as of**<br> **March 31, 2026**<br>|
| Harris Oakmark International Portfolio (Class A) | &nbsp;&nbsp; $350420599 | &nbsp;&nbsp; $366212 | &nbsp;&nbsp; $(11877053)<br>| &nbsp;&nbsp; $2924691 | &nbsp;&nbsp; $(25008727)<br>| &nbsp;&nbsp; $316825722 |
| Invesco Comstock Portfolio (Class A) | &nbsp;&nbsp; 370630869 | &nbsp;&nbsp; — | &nbsp;&nbsp; (15317402)<br>| &nbsp;&nbsp; 3698710 | &nbsp;&nbsp; (2260319)<br>| &nbsp;&nbsp; 356751858 |
| Invesco Global Equity Portfolio (Class A) | &nbsp;&nbsp; 87131202 | &nbsp;&nbsp; 117995 | &nbsp;&nbsp; (1022323)<br>| &nbsp;&nbsp; 39831 | &nbsp;&nbsp; (8471162)<br>| &nbsp;&nbsp; 77795543 |
| Invesco Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 105996728 | &nbsp;&nbsp; 25564 | &nbsp;&nbsp; (4439100)<br>| &nbsp;&nbsp; (606735)<br>| &nbsp;&nbsp; 1657849 | &nbsp;&nbsp; 102634306 |
| Jennison Growth Portfolio (Class A) | &nbsp;&nbsp; 257218250 | &nbsp;&nbsp; 445467 | &nbsp;&nbsp; (120603)<br>| &nbsp;&nbsp; (23169)<br>| &nbsp;&nbsp; (28004115)<br>| &nbsp;&nbsp; 229515830 |
| JPMorgan Core Bond Portfolio (Class A) | &nbsp;&nbsp; 217326372 | &nbsp;&nbsp; 856 | &nbsp;&nbsp; (6827299)<br>| &nbsp;&nbsp; (680243)<br>| &nbsp;&nbsp; 937872 | &nbsp;&nbsp; 210757558 |
| JPMorgan Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 64298004 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; (4453146)<br>| &nbsp;&nbsp; 813619 | &nbsp;&nbsp; 1890445 | &nbsp;&nbsp; 62548935 |
| Loomis Sayles Growth Portfolio (Class A) | &nbsp;&nbsp; 238658432 | &nbsp;&nbsp; 403518 | &nbsp;&nbsp; (110552)<br>| &nbsp;&nbsp; 42688 | &nbsp;&nbsp; (27513652)<br>| &nbsp;&nbsp; 211480434 |
| Loomis Sayles Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 64142445 | &nbsp;&nbsp; 736 | &nbsp;&nbsp; (2618609)<br>| &nbsp;&nbsp; (110908)<br>| &nbsp;&nbsp; 668141 | &nbsp;&nbsp; 62081805 |
| MFS Research International Portfolio (Class A) | &nbsp;&nbsp; 218937345 | &nbsp;&nbsp; 45094 | &nbsp;&nbsp; (17190566)<br>| &nbsp;&nbsp; 5127136 | &nbsp;&nbsp; (1653537)<br>| &nbsp;&nbsp; 205265472 |
| MFS Value Portfolio (Class A) | &nbsp;&nbsp; 435240842 | &nbsp;&nbsp; — | &nbsp;&nbsp; (21006250)<br>| &nbsp;&nbsp; (1171964)<br>| &nbsp;&nbsp; 6688352 | &nbsp;&nbsp; 419750980 |
| Neuberger Berman Genesis Portfolio (Class A) | &nbsp;&nbsp; 64004360 | &nbsp;&nbsp; 5230 | &nbsp;&nbsp; (3346744)<br>| &nbsp;&nbsp; (1006466)<br>| &nbsp;&nbsp; 1981959 | &nbsp;&nbsp; 61638339 |
| PIMCO Inflation Protected Bond Portfolio (Class A) | &nbsp;&nbsp; 216375057 | &nbsp;&nbsp; 1227 | &nbsp;&nbsp; (5757261)<br>| &nbsp;&nbsp; 52153 | &nbsp;&nbsp; (238229)<br>| &nbsp;&nbsp; 210432947 |
| PIMCO Total Return Portfolio (Class A) | &nbsp;&nbsp; 544443581 | &nbsp;&nbsp; 1596 | &nbsp;&nbsp; (15971247)<br>| &nbsp;&nbsp; (3145911)<br>| &nbsp;&nbsp; 1089787 | &nbsp;&nbsp; 526417806 |
| State Street Emerging Markets Enhanced Index Portfolio (Class A) (formerly, SSGA <br> Emerging Markets Enhanced Index Portfolio)<br>| &nbsp;&nbsp; 219276841 | &nbsp;&nbsp; 15823 | &nbsp;&nbsp; (29022505)<br>| &nbsp;&nbsp; 9660324 | &nbsp;&nbsp; (631544)<br>| &nbsp;&nbsp; 199298939 |
| T. Rowe Price Large Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 194131540 | &nbsp;&nbsp; 346333 | &nbsp;&nbsp; (90453)<br>| &nbsp;&nbsp; (10767)<br>| &nbsp;&nbsp; (22486015)<br>| &nbsp;&nbsp; 171890638 |
| T. Rowe Price Large Cap Value Portfolio (Class A) | &nbsp;&nbsp; 393323598 | &nbsp;&nbsp; — | &nbsp;&nbsp; (25447624)<br>| &nbsp;&nbsp; 549938 | &nbsp;&nbsp; 8855473 | &nbsp;&nbsp; 377281385 |
| T. Rowe Price Mid Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 43262956 | &nbsp;&nbsp; 10420 | &nbsp;&nbsp; (281748)<br>| &nbsp;&nbsp; (53510)<br>| &nbsp;&nbsp; (1671909)<br>| &nbsp;&nbsp; 41266209 |
| T. Rowe Price Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 128285890 | &nbsp;&nbsp; 12008 | &nbsp;&nbsp; (4629705)<br>| &nbsp;&nbsp; (98445)<br>| &nbsp;&nbsp; (207605)<br>| &nbsp;&nbsp; 123362143 |
| TCW Core Fixed Income Portfolio (Class A) | &nbsp;&nbsp; 490864230 | &nbsp;&nbsp; 2286 | &nbsp;&nbsp; (14765229)<br>| &nbsp;&nbsp; (1720285)<br>| &nbsp;&nbsp; 2308530 | &nbsp;&nbsp; 476689532 |
| VanEck Global Natural Resources Portfolio (Class A) | &nbsp;&nbsp; 260872289 | &nbsp;&nbsp; — | &nbsp;&nbsp; (47171373)<br>| &nbsp;&nbsp; 23544630 | &nbsp;&nbsp; 18462315 | &nbsp;&nbsp; 255707861 |
| Western Asset Management Strategic Bond Opportunities Portfolio (Class A) | &nbsp;&nbsp; 131024713 | &nbsp;&nbsp; 191 | &nbsp;&nbsp; (4492911)<br>| &nbsp;&nbsp; (1445948)<br>| &nbsp;&nbsp; 1107044 | &nbsp;&nbsp; 126193089 |
| Western Asset Management U.S. Government Portfolio (Class A) | &nbsp;&nbsp; 369833877 | &nbsp;&nbsp; 1570 | &nbsp;&nbsp; (12268783)<br>| &nbsp;&nbsp; (1338295)<br>| &nbsp;&nbsp; 2386939 | &nbsp;&nbsp; 358615308 |
|  | &nbsp;&nbsp; $8694982397 | &nbsp;&nbsp; $2514106 | &nbsp;&nbsp; $(356617269)<br>| &nbsp;&nbsp; $31783605 | &nbsp;&nbsp; $(123162955)<br>| &nbsp;&nbsp; $8249499884 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Security Description** | **Number of** <br>**shares held at** <br>**March 31, 2026**<br>|
| AB International Bond Portfolio (Class A) | &nbsp;&nbsp; 21252834 |
| Allspring Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 1988187 |
| Baillie Gifford International Stock Portfolio (Class A) | &nbsp;&nbsp; 25899012 |
| BlackRock Bond Income Portfolio (Class A) | &nbsp;&nbsp; 7366029 |
| BlackRock Capital Appreciation Portfolio (Class A) | &nbsp;&nbsp; 4853461 |
| BlackRock High Yield Portfolio (Class A) | &nbsp;&nbsp; 12221355 |
| Brighthouse Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 10783717 |
| Brighthouse/Artisan International Portfolio (Class A) | &nbsp;&nbsp; 18424256 |
| Brighthouse/Artisan Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 127983 |
| Brighthouse/Dimensional International Small Company Portfolio (Class A) | &nbsp;&nbsp; 6521912 |
| Brighthouse/Eaton Vance Floating Rate Portfolio (Class A) | &nbsp;&nbsp; 16020227 |
| Brighthouse/Franklin Low Duration Total Return Portfolio (Class A) | &nbsp;&nbsp; 16660945 |
| Brighthouse/Templeton International Bond Portfolio (Class A) | &nbsp;&nbsp; 18166165 |
| Brighthouse/Wellington Core Equity Opportunities Portfolio (Class A) | &nbsp;&nbsp; 13498866 |
| Brighthouse/Wellington Large Cap Research Portfolio (Class A) | &nbsp;&nbsp; 17698691 |
| CBRE Global Real Estate Portfolio (Class A) | &nbsp;&nbsp; 11383376 |
| Harris Oakmark International Portfolio (Class A) | &nbsp;&nbsp; 22109262 |
| Invesco Comstock Portfolio (Class A) | &nbsp;&nbsp; 26945004 |
| Invesco Global Equity Portfolio (Class A) | &nbsp;&nbsp; 3443804 |
| Invesco Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 10042496 |
| Jennison Growth Portfolio (Class A) | &nbsp;&nbsp; 16417441 |
| JPMorgan Core Bond Portfolio (Class A) | &nbsp;&nbsp; 22883557 |
| JPMorgan Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 5024011 |
| Loomis Sayles Growth Portfolio (Class A) | &nbsp;&nbsp; 12396274 |
| Loomis Sayles Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 5518383 |
| MFS Research International Portfolio (Class A) | &nbsp;&nbsp; 14961040 |
| MFS Value Portfolio (Class A) | &nbsp;&nbsp; 30460884 |

---

**BHFTII-88**

------

**Brighthouse Funds Trust II**

**Brighthouse Asset Allocation 60 Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

---

| | |
|:---|:---|
| **Security Description** | **Number of**<br> **shares held at**<br> **March 31, 2026**<br>|
| Neuberger Berman Genesis Portfolio (Class A) | &nbsp;&nbsp; 4031284 |
| PIMCO Inflation Protected Bond Portfolio (Class A) | &nbsp;&nbsp; 20450238 |
| PIMCO Total Return Portfolio (Class A) | &nbsp;&nbsp; 52017570 |
| State Street Emerging Markets Enhanced Index Portfolio (Class A) (formerly, SSGA Emerging Markets Enhanced Index Portfolio) | &nbsp;&nbsp; 13754240 |
| T. Rowe Price Large Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 7639584 |
| T. Rowe Price Large Cap Value Portfolio (Class A) | &nbsp;&nbsp; 13546908 |
| T. Rowe Price Mid Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 5100891 |
| T. Rowe Price Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 6653837 |
| TCW Core Fixed Income Portfolio (Class A) | &nbsp;&nbsp; 53985224 |
| VanEck Global Natural Resources Portfolio (Class A) | &nbsp;&nbsp; 15525675 |
| Western Asset Management Strategic Bond Opportunities Portfolio (Class A) | &nbsp;&nbsp; 11815832 |
| Western Asset Management U.S. Government Portfolio (Class A) | &nbsp;&nbsp; 33297614 |

---

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Total Investment Companies\* | &nbsp;&nbsp;&nbsp; $8249499884 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $8249499884 |
| Total Investments | &nbsp;&nbsp;&nbsp; $8249499884 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $8249499884 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

**BHFTII-89**

------

**Brighthouse Funds Trust II**

**Brighthouse Asset Allocation 80 Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Investment Companies—100.0% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Affiliated Mutual Funds — 100.0%** | **Affiliated Mutual Funds — 100.0%** | **Affiliated Mutual Funds — 100.0%** |
| AB International Bond Portfolio (Class A) (a) | 7412780 | &nbsp;&nbsp;&nbsp; $58412706 |
| Allspring Mid Cap Value Portfolio (Class A) (a) | 5634761 | &nbsp;&nbsp;&nbsp; 58714205 |
| Baillie Gifford International Stock Portfolio (Class A) (b) | 31327276 | &nbsp;&nbsp;&nbsp; 342720398 |
| BlackRock Bond Income Portfolio (Class A) (b) | 3849138 | &nbsp;&nbsp;&nbsp; 352119115 |
| BlackRock Capital Appreciation Portfolio (Class A) (b) | 5452236 | &nbsp;&nbsp;&nbsp; 220161274 |
| BlackRock High Yield Portfolio (Class A) (a) | 7750877 | &nbsp;&nbsp;&nbsp; 58751651 |
| Brighthouse Small Cap Value Portfolio (Class A) (a) | 13608045 | &nbsp;&nbsp;&nbsp; 154315231 |
| Brighthouse/Artisan International Portfolio (Class A) (a) | 23000776 | &nbsp;&nbsp;&nbsp; 306830357 |
| Brighthouse/Artisan Mid Cap Value Portfolio (Class A) (b) | 119938 | &nbsp;&nbsp;&nbsp; 19084593 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Dimensional International Small Company Portfolio <br> (Class A) (b)<br>| 12450380 | &nbsp;&nbsp;&nbsp; 155380746 |
| Brighthouse/Eaton Vance Floating Rate Portfolio (Class A) (a) | 8508400 | &nbsp;&nbsp;&nbsp; 78192199 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Templeton International Bond Portfolio (Class A) <br> (a) (c)<br>| 9673204 | &nbsp;&nbsp;&nbsp; 77579098 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Wellington Core Equity Opportunities Portfolio <br> (Class A) (b)<br>| 13357567 | &nbsp;&nbsp;&nbsp; 346896026 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Wellington Large Cap Research Portfolio (Class A) <br> (a)<br>| 23440470 | &nbsp;&nbsp;&nbsp; 328400990 |
| CBRE Global Real Estate Portfolio (Class A) (a) | 17838337 | &nbsp;&nbsp;&nbsp; 191583740 |
| Frontier Mid Cap Growth Portfolio (Class A) (b) | 1312599 | &nbsp;&nbsp;&nbsp; 38590398 |
| Harris Oakmark International Portfolio (Class A) (a) | 24777785 | &nbsp;&nbsp;&nbsp; 355065659 |
| Invesco Comstock Portfolio (Class A) (a) | 31127963 | &nbsp;&nbsp;&nbsp; 412134230 |
| Invesco Global Equity Portfolio (Class A) (a) | 4847992 | &nbsp;&nbsp;&nbsp; 109516127 |
| Invesco Small Cap Growth Portfolio (Class A) (a) (c) | 13211155 | &nbsp;&nbsp;&nbsp; 135018004 |
| Jennison Growth Portfolio (Class A) (b) | 24326114 | &nbsp;&nbsp;&nbsp; 340079072 |
| JPMorgan Core Bond Portfolio (Class A) (a) | 17008515 | &nbsp;&nbsp;&nbsp; 156648422 |
| JPMorgan Small Cap Value Portfolio (Class A) (a) | 7873355 | &nbsp;&nbsp;&nbsp; 98023266 |
| Loomis Sayles Growth Portfolio (Class A) (a) | 18939444 | &nbsp;&nbsp;&nbsp; 323106917 |
| Loomis Sayles Small Cap Growth Portfolio (Class A) (b) | 10372663 | &nbsp;&nbsp;&nbsp; 116692458 |
| MFS Research International Portfolio (Class A) (a) | 19932401 | &nbsp;&nbsp;&nbsp; 273472548 |
| MFS Value Portfolio (Class A) (b) | 32724277 | &nbsp;&nbsp;&nbsp; 450940530 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Affiliated Mutual Funds—(Continued)** | **Affiliated Mutual Funds—(Continued)** | **Affiliated Mutual Funds—(Continued)** |
| Morgan Stanley Discovery Portfolio (Class A) (a) (c) | 2143168 | &nbsp;&nbsp;&nbsp; $17273933 |
| Neuberger Berman Genesis Portfolio (Class A) (b) | 1265918 | &nbsp;&nbsp;&nbsp; 19355888 |
| PIMCO Inflation Protected Bond Portfolio (Class A) (a) | 7593051 | &nbsp;&nbsp;&nbsp; 78132497 |
| PIMCO Total Return Portfolio (Class A) (a) | 25134243 | &nbsp;&nbsp;&nbsp; 254358538 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Emerging Markets Enhanced Index Portfolio <br> (Class A) (formerly, SSGA Emerging Markets Enhanced Index <br> Portfolio) (a)<br>| 18429433 | &nbsp;&nbsp;&nbsp; 267042485 |
| T. Rowe Price Large Cap Growth Portfolio (Class A) (b) | 12700514 | &nbsp;&nbsp;&nbsp; 285761567 |
| T. Rowe Price Large Cap Value Portfolio (Class A) (a) | 14770680 | &nbsp;&nbsp;&nbsp; 411363442 |
| T. Rowe Price Mid Cap Growth Portfolio (Class A) (a) | 4781576 | &nbsp;&nbsp;&nbsp; 38682948 |
| T. Rowe Price Small Cap Growth Portfolio (Class A) (b) | 7310963 | &nbsp;&nbsp;&nbsp; 135545248 |
| TCW Core Fixed Income Portfolio (Class A) (a) | 26625865 | &nbsp;&nbsp;&nbsp; 235106384 |
| VanEck Global Natural Resources Portfolio (Class A) (b) | 14597836 | &nbsp;&nbsp;&nbsp; 240426364 |
| Victory Sycamore Mid Cap Value Portfolio (Class A) (a) | 1073823 | &nbsp;&nbsp;&nbsp; 19629480 |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Asset Management Strategic Bond Opportunities <br> Portfolio (Class A) (b)<br>| 9153824 | &nbsp;&nbsp;&nbsp; 97762843 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $7,305,963,335) <br>|  | &nbsp;&nbsp;&nbsp; 7658871577 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—100.0% <br>(Cost $7,305,963,335) <br>|  | &nbsp;&nbsp;&nbsp; 7658871577 |
| Other assets and liabilities (net)—0.0%  |  | &nbsp;&nbsp;&nbsp; (2319386)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $7656552191 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) A Portfolio of Brighthouse Funds Trust I. (See the table that follows for a summary
 of transactions in affiliated issuers.)

&nbsp;&nbsp;&nbsp;&nbsp;(b) A Portfolio of Brighthouse Funds Trust II. (See the table that follows for a summary
 of transactions in affiliated issuers.)

&nbsp;&nbsp;&nbsp;&nbsp;(c) Non-income producing security.

**Transactions in Securities of Affiliated Issuers**

The Asset Allocation Portfolio does not invest in the Underlying Portfolios for the purpose of exercising control; however, investments by the Asset Allocation Portfolio within its principal investment strategies may represent a significant portion of the Underlying Portfolios net assets. Transactions in the Underlying Portfolios for the period ended March 31, 2026 were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Security Description** | **Market Value** <br>**December 31, 2025**<br>| **Purchases** | **Sales** | **Realized** <br>**Gain/(Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Ending Value** <br>**as of** <br>**March 31, 2026**<br>|
| AB International Bond Portfolio (Class A) | &nbsp;&nbsp; $60687603 | &nbsp;&nbsp; $5634 | &nbsp;&nbsp; $(1762439)<br>| &nbsp;&nbsp; $(453407)<br>| &nbsp;&nbsp; $(64685)<br>| &nbsp;&nbsp; $58412706 |
| Allspring Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 60660681 | &nbsp;&nbsp; — | &nbsp;&nbsp; (3948063)<br>| &nbsp;&nbsp; (191953)<br>| &nbsp;&nbsp; 2193540 | &nbsp;&nbsp; 58714205 |
| Baillie Gifford International Stock Portfolio (Class A) | &nbsp;&nbsp; 368782171 | &nbsp;&nbsp; 4428 | &nbsp;&nbsp; (5864047)<br>| &nbsp;&nbsp; 708149 | &nbsp;&nbsp; (20910303)<br>| &nbsp;&nbsp; 342720398 |
| BlackRock Bond Income Portfolio (Class A) | &nbsp;&nbsp; 363258942 | &nbsp;&nbsp; 89713 | &nbsp;&nbsp; (10308394)<br>| &nbsp;&nbsp; (1703851)<br>| &nbsp;&nbsp; 782705 | &nbsp;&nbsp; 352119115 |
| BlackRock Capital Appreciation Portfolio (Class A) | &nbsp;&nbsp; 242065068 | &nbsp;&nbsp; 63434 | &nbsp;&nbsp; (106967)<br>| &nbsp;&nbsp; 8396 | &nbsp;&nbsp; (21868657)<br>| &nbsp;&nbsp; 220161274 |
| BlackRock High Yield Portfolio (Class A) | &nbsp;&nbsp; 61267024 | &nbsp;&nbsp; 1406 | &nbsp;&nbsp; (2120818)<br>| &nbsp;&nbsp; (56328)<br>| &nbsp;&nbsp; (339633)<br>| &nbsp;&nbsp; 58751651 |
| Brighthouse Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 160000245 | &nbsp;&nbsp; 4755 | &nbsp;&nbsp; (5821013)<br>| &nbsp;&nbsp; 322350 | &nbsp;&nbsp; (191106)<br>| &nbsp;&nbsp; 154315231 |
| Brighthouse/Artisan International Portfolio (Class A) | &nbsp;&nbsp; 327900881 | &nbsp;&nbsp; — | &nbsp;&nbsp; (38788373)<br>| &nbsp;&nbsp; 11481746 | &nbsp;&nbsp; 6236103 | &nbsp;&nbsp; 306830357 |
| Brighthouse/Artisan Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 20127246 | &nbsp;&nbsp; 964 | &nbsp;&nbsp; (81509)<br>| &nbsp;&nbsp; (14533)<br>| &nbsp;&nbsp; (947575)<br>| &nbsp;&nbsp; 19084593 |
| Brighthouse/Dimensional International Small Company Portfolio (Class A) | &nbsp;&nbsp; 164101162 | &nbsp;&nbsp; — | &nbsp;&nbsp; (11210458)<br>| &nbsp;&nbsp; (91144)<br>| &nbsp;&nbsp; 2581186 | &nbsp;&nbsp; 155380746 |
| Brighthouse/Eaton Vance Floating Rate Portfolio (Class A) | &nbsp;&nbsp; 80868709 | &nbsp;&nbsp; 14457 | &nbsp;&nbsp; (2170400)<br>| &nbsp;&nbsp; (316492)<br>| &nbsp;&nbsp; (204075)<br>| &nbsp;&nbsp; 78192199 |
| Brighthouse/Templeton International Bond Portfolio (Class A) | &nbsp;&nbsp; 81138098 | &nbsp;&nbsp; 2690 | &nbsp;&nbsp; (2531859)<br>| &nbsp;&nbsp; (426568)<br>| &nbsp;&nbsp; (603263)<br>| &nbsp;&nbsp; 77579098 |
| Brighthouse/Wellington Core Equity Opportunities Portfolio (Class A) | &nbsp;&nbsp; 366491865 | &nbsp;&nbsp; 6194 | &nbsp;&nbsp; (765030)<br>| &nbsp;&nbsp; (72879)<br>| &nbsp;&nbsp; (18764124)<br>| &nbsp;&nbsp; 346896026 |
| Brighthouse/Wellington Large Cap Research Portfolio (Class A) | &nbsp;&nbsp; 345897345 | &nbsp;&nbsp; 3925 | &nbsp;&nbsp; (383611)<br>| &nbsp;&nbsp; 27053 | &nbsp;&nbsp; (17143722)<br>| &nbsp;&nbsp; 328400990 |
| CBRE Global Real Estate Portfolio (Class A) | &nbsp;&nbsp; 201573538 | &nbsp;&nbsp; 29066 | &nbsp;&nbsp; (13138047)<br>| &nbsp;&nbsp; 209297 | &nbsp;&nbsp; 2909886 | &nbsp;&nbsp; 191583740 |

---

**BHFTII-90**

------

**Brighthouse Funds Trust II**

**Brighthouse Asset Allocation 80 Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Security Description** | **Market Value**<br> **December 31, 2025**<br>| **Purchases** | **Sales** | **Realized**<br> **Gain/(Loss)**<br>| **Change in**<br> **Unrealized**<br> **Appreciation/**<br> **(Depreciation)**<br>| **Ending Value**<br> **as of**<br> **March 31, 2026**<br>|
| Frontier Mid Cap Growth Portfolio (Class A) | &nbsp;&nbsp; $40002107 | &nbsp;&nbsp; $2 | &nbsp;&nbsp; $(1385611)<br>| &nbsp;&nbsp; $(167265)<br>| &nbsp;&nbsp; $141165 | &nbsp;&nbsp; $38590398 |
| Harris Oakmark International Portfolio (Class A) | &nbsp;&nbsp; 389513820 | &nbsp;&nbsp; 8566 | &nbsp;&nbsp; (9520893)<br>| &nbsp;&nbsp; 217306 | &nbsp;&nbsp; (25153140)<br>| &nbsp;&nbsp; 355065659 |
| Invesco Comstock Portfolio (Class A) | &nbsp;&nbsp; 428938585 | &nbsp;&nbsp; — | &nbsp;&nbsp; (18279958)<br>| &nbsp;&nbsp; 1347436 | &nbsp;&nbsp; 128167 | &nbsp;&nbsp; 412134230 |
| Invesco Global Equity Portfolio (Class A) | &nbsp;&nbsp; 122303494 | &nbsp;&nbsp; 25224 | &nbsp;&nbsp; (913633)<br>| &nbsp;&nbsp; 35971 | &nbsp;&nbsp; (11934929)<br>| &nbsp;&nbsp; 109516127 |
| Invesco Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 138567713 | &nbsp;&nbsp; 5573 | &nbsp;&nbsp; (4850297)<br>| &nbsp;&nbsp; (2489833)<br>| &nbsp;&nbsp; 3784848 | &nbsp;&nbsp; 135018004 |
| Jennison Growth Portfolio (Class A) | &nbsp;&nbsp; 381621184 | &nbsp;&nbsp; 218220 | &nbsp;&nbsp; (169358)<br>| &nbsp;&nbsp; (32535)<br>| &nbsp;&nbsp; (41558439)<br>| &nbsp;&nbsp; 340079072 |
| JPMorgan Core Bond Portfolio (Class A) | &nbsp;&nbsp; 161325003 | &nbsp;&nbsp; 30008 | &nbsp;&nbsp; (4891759)<br>| &nbsp;&nbsp; (692616)<br>| &nbsp;&nbsp; 877786 | &nbsp;&nbsp; 156648422 |
| JPMorgan Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 100184660 | &nbsp;&nbsp; — | &nbsp;&nbsp; (6307988)<br>| &nbsp;&nbsp; 1054884 | &nbsp;&nbsp; 3091710 | &nbsp;&nbsp; 98023266 |
| Loomis Sayles Growth Portfolio (Class A) | &nbsp;&nbsp; 365147489 | &nbsp;&nbsp; 159184 | &nbsp;&nbsp; (160443)<br>| &nbsp;&nbsp; 61953 | &nbsp;&nbsp; (42101266)<br>| &nbsp;&nbsp; 323106917 |
| Loomis Sayles Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 119883846 | &nbsp;&nbsp; — | &nbsp;&nbsp; (4146911)<br>| &nbsp;&nbsp; 78764 | &nbsp;&nbsp; 876759 | &nbsp;&nbsp; 116692458 |
| MFS Research International Portfolio (Class A) | &nbsp;&nbsp; 287048905 | &nbsp;&nbsp; — | &nbsp;&nbsp; (17822970)<br>| &nbsp;&nbsp; 5971265 | &nbsp;&nbsp; (1724652)<br>| &nbsp;&nbsp; 273472548 |
| MFS Value Portfolio (Class A) | &nbsp;&nbsp; 468688112 | &nbsp;&nbsp; — | &nbsp;&nbsp; (23479680)<br>| &nbsp;&nbsp; (4222675)<br>| &nbsp;&nbsp; 9954773 | &nbsp;&nbsp; 450940530 |
| Morgan Stanley Discovery Portfolio (Class A) | &nbsp;&nbsp; 17879346 | &nbsp;&nbsp; 1471278 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (2076691)<br>| &nbsp;&nbsp; 17273933 |
| Neuberger Berman Genesis Portfolio (Class A) | &nbsp;&nbsp; 19563497 | &nbsp;&nbsp; 615 | &nbsp;&nbsp; (471757)<br>| &nbsp;&nbsp; (125631)<br>| &nbsp;&nbsp; 389164 | &nbsp;&nbsp; 19355888 |
| PIMCO Inflation Protected Bond Portfolio (Class A) | &nbsp;&nbsp; 80105269 | &nbsp;&nbsp; 24952 | &nbsp;&nbsp; (1926251)<br>| &nbsp;&nbsp; 36276 | &nbsp;&nbsp; (107749)<br>| &nbsp;&nbsp; 78132497 |
| PIMCO Total Return Portfolio (Class A) | &nbsp;&nbsp; 262872189 | &nbsp;&nbsp; 37961 | &nbsp;&nbsp; (7541312)<br>| &nbsp;&nbsp; (1193180)<br>| &nbsp;&nbsp; 182880 | &nbsp;&nbsp; 254358538 |
| State Street Emerging Markets Enhanced Index Portfolio (Class A) (formerly, SSGA <br> Emerging Markets Enhanced Index Portfolio)<br>| &nbsp;&nbsp; 287067011 | &nbsp;&nbsp; — | &nbsp;&nbsp; (31254824)<br>| &nbsp;&nbsp; 10793797 | &nbsp;&nbsp; 436501 | &nbsp;&nbsp; 267042485 |
| T. Rowe Price Large Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 323200790 | &nbsp;&nbsp; 164446 | &nbsp;&nbsp; (142620)<br>| &nbsp;&nbsp; 16011 | &nbsp;&nbsp; (37477060)<br>| &nbsp;&nbsp; 285761567 |
| T. Rowe Price Large Cap Value Portfolio (Class A) | &nbsp;&nbsp; 429970570 | &nbsp;&nbsp; — | &nbsp;&nbsp; (28674287)<br>| &nbsp;&nbsp; (3240777)<br>| &nbsp;&nbsp; 13307936 | &nbsp;&nbsp; 411363442 |
| T. Rowe Price Mid Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 40434586 | &nbsp;&nbsp; 1431 | &nbsp;&nbsp; (130274)<br>| &nbsp;&nbsp; (25914)<br>| &nbsp;&nbsp; (1596881)<br>| &nbsp;&nbsp; 38682948 |
| T. Rowe Price Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 139883667 | &nbsp;&nbsp; 453 | &nbsp;&nbsp; (3902891)<br>| &nbsp;&nbsp; (1018774)<br>| &nbsp;&nbsp; 582793 | &nbsp;&nbsp; 135545248 |
| TCW Core Fixed Income Portfolio (Class A) | &nbsp;&nbsp; 241653113 | &nbsp;&nbsp; 64559 | &nbsp;&nbsp; (6891780)<br>| &nbsp;&nbsp; (893427)<br>| &nbsp;&nbsp; 1173919 | &nbsp;&nbsp; 235106384 |
| VanEck Global Natural Resources Portfolio (Class A) | &nbsp;&nbsp; 244258815 | &nbsp;&nbsp; — | &nbsp;&nbsp; (43055900)<br>| &nbsp;&nbsp; 20162292 | &nbsp;&nbsp; 19061157 | &nbsp;&nbsp; 240426364 |
| Victory Sycamore Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 20218706 | &nbsp;&nbsp; — | &nbsp;&nbsp; (1561277)<br>| &nbsp;&nbsp; (110711)<br>| &nbsp;&nbsp; 1082762 | &nbsp;&nbsp; 19629480 |
| Western Asset Management Strategic Bond Opportunities Portfolio (Class A) | &nbsp;&nbsp; 101507906 | &nbsp;&nbsp; 7950 | &nbsp;&nbsp; (3485416)<br>| &nbsp;&nbsp; (977864)<br>| &nbsp;&nbsp; 710267 | &nbsp;&nbsp; 97762843 |
|  | &nbsp;&nbsp; $8116660961 | &nbsp;&nbsp; $2447088 | &nbsp;&nbsp; $(319969118)<br>| &nbsp;&nbsp; $34014589 | &nbsp;&nbsp; $(174281943)<br>| &nbsp;&nbsp; $7658871577 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Security Description** | **Number of** <br>**shares held at** <br>**March 31, 2026**<br>|
| AB International Bond Portfolio (Class A) | &nbsp;&nbsp; 7412780 |
| Allspring Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 5634761 |
| Baillie Gifford International Stock Portfolio (Class A) | &nbsp;&nbsp; 31327276 |
| BlackRock Bond Income Portfolio (Class A) | &nbsp;&nbsp; 3849138 |
| BlackRock Capital Appreciation Portfolio (Class A) | &nbsp;&nbsp; 5452236 |
| BlackRock High Yield Portfolio (Class A) | &nbsp;&nbsp; 7750877 |
| Brighthouse Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 13608045 |
| Brighthouse/Artisan International Portfolio (Class A) | &nbsp;&nbsp; 23000776 |
| Brighthouse/Artisan Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 119938 |
| Brighthouse/Dimensional International Small Company Portfolio (Class A) | &nbsp;&nbsp; 12450380 |
| Brighthouse/Eaton Vance Floating Rate Portfolio (Class A) | &nbsp;&nbsp; 8508400 |
| Brighthouse/Templeton International Bond Portfolio (Class A) | &nbsp;&nbsp; 9673204 |
| Brighthouse/Wellington Core Equity Opportunities Portfolio (Class A) | &nbsp;&nbsp; 13357567 |
| Brighthouse/Wellington Large Cap Research Portfolio (Class A) | &nbsp;&nbsp; 23440470 |
| CBRE Global Real Estate Portfolio (Class A) | &nbsp;&nbsp; 17838337 |
| Frontier Mid Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 1312599 |
| Harris Oakmark International Portfolio (Class A) | &nbsp;&nbsp; 24777785 |
| Invesco Comstock Portfolio (Class A) | &nbsp;&nbsp; 31127963 |
| Invesco Global Equity Portfolio (Class A) | &nbsp;&nbsp; 4847992 |
| Invesco Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 13211155 |
| Jennison Growth Portfolio (Class A) | &nbsp;&nbsp; 24326114 |
| JPMorgan Core Bond Portfolio (Class A) | &nbsp;&nbsp; 17008515 |
| JPMorgan Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 7873355 |
| Loomis Sayles Growth Portfolio (Class A) | &nbsp;&nbsp; 18939444 |
| Loomis Sayles Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 10372663 |

---

**BHFTII-91**

------

**Brighthouse Funds Trust II**

**Brighthouse Asset Allocation 80 Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

---

| | |
|:---|:---|
| **Security Description** | **Number of**<br> **shares held at**<br> **March 31, 2026**<br>|
| MFS Research International Portfolio (Class A) | &nbsp;&nbsp; 19932401 |
| MFS Value Portfolio (Class A) | &nbsp;&nbsp; 32724277 |
| Morgan Stanley Discovery Portfolio (Class A) | &nbsp;&nbsp; 2143168 |
| Neuberger Berman Genesis Portfolio (Class A) | &nbsp;&nbsp; 1265918 |
| PIMCO Inflation Protected Bond Portfolio (Class A) | &nbsp;&nbsp; 7593051 |
| PIMCO Total Return Portfolio (Class A) | &nbsp;&nbsp; 25134243 |
| State Street Emerging Markets Enhanced Index Portfolio (Class A) (formerly, SSGA Emerging Markets Enhanced Index Portfolio) | &nbsp;&nbsp; 18429433 |
| T. Rowe Price Large Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 12700514 |
| T. Rowe Price Large Cap Value Portfolio (Class A) | &nbsp;&nbsp; 14770680 |
| T. Rowe Price Mid Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 4781576 |
| T. Rowe Price Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 7310963 |
| TCW Core Fixed Income Portfolio (Class A) | &nbsp;&nbsp; 26625865 |
| VanEck Global Natural Resources Portfolio (Class A) | &nbsp;&nbsp; 14597836 |
| Victory Sycamore Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 1073823 |
| Western Asset Management Strategic Bond Opportunities Portfolio (Class A) | &nbsp;&nbsp; 9153824 |

---

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Total Investment Companies\* | &nbsp;&nbsp;&nbsp; $7658871577 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $7658871577 |
| Total Investments | &nbsp;&nbsp;&nbsp; $7658871577 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $7658871577 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

**BHFTII-92**

------

**Brighthouse Funds Trust II**

**Brighthouse/Artisan Mid Cap Value Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—98.5% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Air Freight & Logistics — 1.0%** | **Air Freight & Logistics — 1.0%** | **Air Freight & Logistics — 1.0%** |
| Expeditors International of Washington, Inc.  | 42373 | &nbsp;&nbsp;&nbsp; $6069085 |
| **Banks — 7.0%** | **Banks — 7.0%** | **Banks — 7.0%** |
| Fifth Third Bancorp (a) | 227762 | &nbsp;&nbsp;&nbsp; 10581823 |
| First Citizens BancShares, Inc. - Class A (a) | 9028 | &nbsp;&nbsp;&nbsp; 17014710 |
| Prosperity Bancshares, Inc. (a) | 208824 | &nbsp;&nbsp;&nbsp; 14028796 |
|  |  | &nbsp;&nbsp;&nbsp; 41625329 |
| **Beverages — 1.8%** | **Beverages — 1.8%** | **Beverages — 1.8%** |
| Constellation Brands, Inc. - Class A | 71682 | &nbsp;&nbsp;&nbsp; 10752300 |
| **Building Products — 0.8%** | **Building Products — 0.8%** | **Building Products — 0.8%** |
| Masco Corp.  | 77562 | &nbsp;&nbsp;&nbsp; 4682418 |
| **Capital Markets — 1.9%** | **Capital Markets — 1.9%** | **Capital Markets — 1.9%** |
| Moelis & Co. - Class A (a) | 39730 | &nbsp;&nbsp;&nbsp; 2264610 |
| Raymond James Financial, Inc.  | 61880 | &nbsp;&nbsp;&nbsp; 8959605 |
|  |  | &nbsp;&nbsp;&nbsp; 11224215 |
| **Commercial Services & Supplies — 1.7%** | **Commercial Services & Supplies — 1.7%** | **Commercial Services & Supplies — 1.7%** |
| Veralto Corp.  | 117690 | &nbsp;&nbsp;&nbsp; 10406150 |
| **Construction Materials — 2.4%** | **Construction Materials — 2.4%** | **Construction Materials — 2.4%** |
| Amrize Ltd. (b) | 253833 | &nbsp;&nbsp;&nbsp; 14219725 |
| **Consumer Staples Distribution & Retail — 1.6%** | **Consumer Staples Distribution & Retail — 1.6%** | **Consumer Staples Distribution & Retail — 1.6%** |
| Sysco Corp.  | 132828 | &nbsp;&nbsp;&nbsp; 9474621 |
| **Containers & Packaging — 1.7%** | **Containers & Packaging — 1.7%** | **Containers & Packaging — 1.7%** |
| Silgan Holdings, Inc. (a) | 254847 | &nbsp;&nbsp;&nbsp; 9888064 |
| **Distributors — 1.8%** | **Distributors — 1.8%** | **Distributors — 1.8%** |
| Genuine Parts Co. (a) | 103446 | &nbsp;&nbsp;&nbsp; 10939415 |
| **Electric Utilities — 5.4%** | **Electric Utilities — 5.4%** | **Electric Utilities — 5.4%** |
| Alliant Energy Corp. (a) | 200364 | &nbsp;&nbsp;&nbsp; 14378121 |
| OGE Energy Corp.  | 369919 | &nbsp;&nbsp;&nbsp; 17741315 |
|  |  | &nbsp;&nbsp;&nbsp; 32119436 |
| **Electrical Equipment — 2.7%** | **Electrical Equipment — 2.7%** | **Electrical Equipment — 2.7%** |
| nVent Electric PLC | 137552 | &nbsp;&nbsp;&nbsp; 16269651 |
| **Electronic Equipment, Instruments & Components — 6.0%** | **Electronic Equipment, Instruments & Components — 6.0%** | **Electronic Equipment, Instruments & Components — 6.0%** |
| CDW Corp.  | 89144 | &nbsp;&nbsp;&nbsp; 10788207 |
| Ralliant Corp.  | 216563 | &nbsp;&nbsp;&nbsp; 9006855 |
| Vontier Corp. (a) | 448905 | &nbsp;&nbsp;&nbsp; 15922660 |
|  |  | &nbsp;&nbsp;&nbsp; 35717722 |
| **Energy Equipment & Services — 2.5%** | **Energy Equipment & Services — 2.5%** | **Energy Equipment & Services — 2.5%** |
| NOV, Inc.  | 797671 | &nbsp;&nbsp;&nbsp; 15004192 |
| **Entertainment — 1.9%** | **Entertainment — 1.9%** | **Entertainment — 1.9%** |
| Warner Music Group Corp. - Class A (a) | 455311 | &nbsp;&nbsp;&nbsp; 11628643 |
| **Food Products — 2.5%** | **Food Products — 2.5%** | **Food Products — 2.5%** |
| Tyson Foods, Inc. - Class A | 230375 | &nbsp;&nbsp;&nbsp; 14760126 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Gas Utilities — 2.3%** | **Gas Utilities — 2.3%** | **Gas Utilities — 2.3%** |
| UGI Corp. (a) | 374046 | &nbsp;&nbsp;&nbsp; $13622755 |
| **Ground Transportation — 2.3%** | **Ground Transportation — 2.3%** | **Ground Transportation — 2.3%** |
| U-Haul Holding Co. (Non-Voting Shares) (a) | 303750 | &nbsp;&nbsp;&nbsp; 13568512 |
| **Health Care Equipment & Supplies — 3.2%** | **Health Care Equipment & Supplies — 3.2%** | **Health Care Equipment & Supplies — 3.2%** |
| Align Technology, Inc. (b) | 67973 | &nbsp;&nbsp;&nbsp; 11652612 |
| Baxter International, Inc. (a) | 427204 | &nbsp;&nbsp;&nbsp; 7177027 |
|  |  | &nbsp;&nbsp;&nbsp; 18829639 |
| **Health Care Providers & Services — 2.0%** | **Health Care Providers & Services — 2.0%** | **Health Care Providers & Services — 2.0%** |
| Elevance Health, Inc.  | 40117 | &nbsp;&nbsp;&nbsp; 11744252 |
| **Hotels, Restaurants & Leisure — 5.5%** | **Hotels, Restaurants & Leisure — 5.5%** | **Hotels, Restaurants & Leisure — 5.5%** |
| Expedia Group, Inc.  | 53917 | &nbsp;&nbsp;&nbsp; 12448896 |
| MGM Resorts International (b) | 253287 | &nbsp;&nbsp;&nbsp; 9374152 |
| Vail Resorts, Inc. (a) | 84235 | &nbsp;&nbsp;&nbsp; 10809035 |
|  |  | &nbsp;&nbsp;&nbsp; 32632083 |
| **Industrial REITs — 0.6%** | **Industrial REITs — 0.6%** | **Industrial REITs — 0.6%** |
| Lineage, Inc. (a) | 104440 | &nbsp;&nbsp;&nbsp; 3421454 |
| **Insurance — 5.4%** | **Insurance — 5.4%** | **Insurance — 5.4%** |
| Arch Capital Group Ltd. (b) | 93068 | &nbsp;&nbsp;&nbsp; 8933597 |
| Brown & Brown, Inc. (a) | 156633 | &nbsp;&nbsp;&nbsp; 10214038 |
| Globe Life, Inc.  | 92389 | &nbsp;&nbsp;&nbsp; 12857777 |
|  |  | &nbsp;&nbsp;&nbsp; 32005412 |
| **IT Services — 1.6%** | **IT Services — 1.6%** | **IT Services — 1.6%** |
| Gartner, Inc. (b) | 61008 | &nbsp;&nbsp;&nbsp; 9660007 |
| **Leisure Products — 1.7%** | **Leisure Products — 1.7%** | **Leisure Products — 1.7%** |
| Polaris, Inc. (a) | 181888 | &nbsp;&nbsp;&nbsp; 9912896 |
| **Life Sciences Tools & Services — 6.0%** | **Life Sciences Tools & Services — 6.0%** | **Life Sciences Tools & Services — 6.0%** |
| ICON PLC (b) | 87926 | &nbsp;&nbsp;&nbsp; 9729891 |
| IQVIA Holdings, Inc. (b) | 54720 | &nbsp;&nbsp;&nbsp; 9331949 |
| Revvity, Inc. (a) | 97503 | &nbsp;&nbsp;&nbsp; 8542238 |
| Waters Corp. (b) | 26473 | &nbsp;&nbsp;&nbsp; 7883659 |
|  |  | &nbsp;&nbsp;&nbsp; 35487737 |
| **Machinery — 1.6%** | **Machinery — 1.6%** | **Machinery — 1.6%** |
| Otis Worldwide Corp.  | 127176 | &nbsp;&nbsp;&nbsp; 9802726 |
| **Media — 3.5%** | **Media — 3.5%** | **Media — 3.5%** |
| News Corp. - Class A | 421350 | &nbsp;&nbsp;&nbsp; 10504256 |
| Omnicom Group, Inc.  | 136865 | &nbsp;&nbsp;&nbsp; 10307303 |
|  |  | &nbsp;&nbsp;&nbsp; 20811559 |
| **Oil, Gas & Consumable Fuels — 3.0%** | **Oil, Gas & Consumable Fuels — 3.0%** | **Oil, Gas & Consumable Fuels — 3.0%** |
| Permian Resources Corp. - Class A | 839234 | &nbsp;&nbsp;&nbsp; 17892469 |
| **Professional Services — 3.6%** | **Professional Services — 3.6%** | **Professional Services — 3.6%** |
| Genpact Ltd. (a) | 333825 | &nbsp;&nbsp;&nbsp; 12434981 |
| Paychex, Inc.  | 94766 | &nbsp;&nbsp;&nbsp; 8729844 |
|  |  | &nbsp;&nbsp;&nbsp; 21164825 |

---

**BHFTII-93**

------

**Brighthouse Funds Trust II**

**Brighthouse/Artisan Mid Cap Value Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Retail REITs — 2.0%** | **Retail REITs — 2.0%** | **Retail REITs — 2.0%** |
| NNN REIT, Inc.  | 286001 | &nbsp;&nbsp;&nbsp; $12020622 |
| **Semiconductors & Semiconductor Equipment — 3.0%** | **Semiconductors & Semiconductor Equipment — 3.0%** | **Semiconductors & Semiconductor Equipment — 3.0%** |
| Analog Devices, Inc.  | 56457 | &nbsp;&nbsp;&nbsp; 17961230 |
| **Specialized REITs — 4.7%** | **Specialized REITs — 4.7%** | **Specialized REITs — 4.7%** |
| Lamar Advertising Co. - Class A (a) | 146931 | &nbsp;&nbsp;&nbsp; 18610280 |
| Public Storage (a) | 34400 | &nbsp;&nbsp;&nbsp; 9318272 |
|  |  | &nbsp;&nbsp;&nbsp; 27928552 |
| **Specialty Retail — 2.2%** | **Specialty Retail — 2.2%** | **Specialty Retail — 2.2%** |
| Asbury Automotive Group, Inc. (a) (b) | 65646 | &nbsp;&nbsp;&nbsp; 12827885 |
| **Trading Companies & Distributors — 1.6%** | **Trading Companies & Distributors — 1.6%** | **Trading Companies & Distributors — 1.6%** |
| Ferguson Enterprises, Inc.  | 40590 | &nbsp;&nbsp;&nbsp; 9468023 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $501,870,361) <br>|  | &nbsp;&nbsp;&nbsp; 585543730 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—2.8%** | **Short-Term Investments—2.8%** | **Short-Term Investments—2.8%** |
| **Repurchase Agreement—2.8%** | **Repurchase Agreement—2.8%** | **Repurchase Agreement—2.8%** |
| Fixed Income Clearing Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 2.500%, due on <br> 04/01/26, with a maturity value of $16,254,486; <br> collateralized by U.S. Treasury Note at 4.375%, maturing <br> 07/15/27, with a market value of $16,578,572<br>| 16253357 | &nbsp;&nbsp;&nbsp; 16253357 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $16,253,357) <br>|  | &nbsp;&nbsp;&nbsp; 16253357 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (c)—15.7%** | **Securities Lending Reinvestments (c)—15.7%** | **Securities Lending Reinvestments (c)—15.7%** |
| **Short-Term Investment Funds—4.7%** | **Short-Term Investment Funds—4.7%** | **Short-Term Investment Funds—4.7%** |
| &nbsp;&nbsp;&nbsp;&nbsp; AB Government Money Market Portfolio, <br>Institutional Class 3.490% (d)<br>| 500990 | &nbsp;&nbsp;&nbsp; 500990 |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds FedFund, <br>Institutional Shares 3.550% (d)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (d)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Government Portfolio, <br>Class I 3.530% (d)<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br>Institutional Shares 3.530% (d)<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco STIT-Government & Agency Portfolio, <br>Institutional Class 3.580% (d)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; RBC BlueBay U.S. Government Money Market Fund, <br>Institutional Shares 3.580% (d)<br>| 200000 | &nbsp;&nbsp;&nbsp; 200000 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, <br>Premier Class 3.600% (d)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
|  |  | &nbsp;&nbsp;&nbsp; 27700990 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Certificates of Deposit—0.5%** | **Certificates of Deposit—0.5%** | **Certificates of Deposit—0.5%** |
| Sumitomo Mitsui Trust Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/15/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1983800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/23/26 | 1000000 | &nbsp;&nbsp;&nbsp; 990990 |
|  |  | &nbsp;&nbsp;&nbsp; 2974790 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Paper—0.5%** | **Commercial Paper—0.5%** | **Commercial Paper—0.5%** |
| Verto Capital I-A LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.720%, 04/02/26 | 1000000 | &nbsp;&nbsp;&nbsp; $999789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 04/24/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1994836 |
|  |  | &nbsp;&nbsp;&nbsp; 2994625 |
| **Repurchase Agreements—9.0%** | **Repurchase Agreements—9.0%** | **Repurchase Agreements—9.0%** |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.770%, due on <br> 04/01/26 with a maturity value of $4,000,419; collateralized <br> by various Common Stock with an aggregate market value of <br> $4,458,399<br>| 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $5,000,507; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.000% - <br> 5.000%, maturity dates ranging from 06/30/26 - 02/15/54, <br> and an aggregate market value of $5,100,000<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.700%, due on <br> 04/01/26 with a maturity value of $2,000,206; collateralized <br> by various Common Stock with an aggregate market value of <br> $2,224,562<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.770%, due on <br> 04/01/26 with a maturity value of $12,001,256; <br> collateralized by various Common Stock with an aggregate <br> market value of $13,347,372<br>| 12000000 | &nbsp;&nbsp;&nbsp; 12000000 |
| Citigroup Global Markets, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.690%, due on <br> 04/01/26 with a maturity value of $5,000,512; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.125% - <br> 6.125%, maturity dates ranging from 06/15/27 - 02/15/32, <br> and various Common Stock with an aggregate market value of <br> $5,100,066<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 4.130%, due on <br> 10/02/26 with a maturity value of $2,042,447; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.125% - <br> 6.125%, maturity dates ranging from 06/15/27 - 02/15/32, <br> and various Common Stock with an aggregate market value of <br> $2,040,026<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| National Bank Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $6,000,630; collateralized <br> by U.S. Treasury Bond at 3.875%, maturing 02/15/43, and <br> various Common Stock with an aggregate market value of <br> $6,665,895<br>| 6000000 | &nbsp;&nbsp;&nbsp; 6000000 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $9,000,945; collateralized <br> by various Common Stock with an aggregate market value of <br> $10,031,658<br>| 9000000 | &nbsp;&nbsp;&nbsp; 9000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.800%, due on <br> 04/07/26 with a maturity value of $6,004,433; collateralized <br> by U.S. Treasury Obligations with rates ranging from 3.750% - <br> 4.250%, maturity dates ranging from 05/15/28 - 08/15/35, <br> and various Common Stock with an aggregate market value of <br> $6,408,668<br>| 6000000 | &nbsp;&nbsp;&nbsp; 6000000 |

---

**BHFTII-94**

------

**Brighthouse Funds Trust II**

**Brighthouse/Artisan Mid Cap Value Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Securities Lending Reinvestments (c)—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** |
| NatWest Markets Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $1,838,849; collateralized <br> by U.S. Treasury Obligations with rates ranging from 1.125% - <br> 4.875%, maturity dates ranging from 09/15/26 - 08/15/35, <br> and an aggregate market value of $1,875,626<br>| 1838662 | &nbsp;&nbsp;&nbsp; $1838662 |
| Royal Bank of Canada Toronto |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.910%, due on <br> 05/05/26 with a maturity value of $1,003,801; collateralized <br> by various Common Stock with an aggregate market value of <br> $1,111,232<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
|  |  | &nbsp;&nbsp;&nbsp; 53838662 |
| **Time Deposits—1.0%** | **Time Deposits—1.0%** | **Time Deposits—1.0%** |
| Credit Agricole CIB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.630%, 04/01/26 | 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| DZ Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| Svenska NY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
|  |  | &nbsp;&nbsp;&nbsp; 6000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $93,509,355) <br>|  | &nbsp;&nbsp;&nbsp; 93509067 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—117.0% <br>(Cost $611,633,073) <br>|  | &nbsp;&nbsp;&nbsp; 695306154 |
| Other assets and liabilities (net)—(17.0)%  |  | &nbsp;&nbsp;&nbsp; (100970538)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $594335616 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Principal amount stated in U.S. dollars unless otherwise noted.

(a) All or a portion of the security was held on loan. As of March 31, 2026, the market value of 

---

| | |
|:---|:---|
|  | securities loaned was $128,161,049 and the collateral received consisted of cash in the amount <br> of $93,490,232 and non-cash collateral with a value of $34,977,598. The cash collateral <br> investments are disclosed in the Schedule of Investments and categorized as Securities Lending <br> Reinvestments. The non-cash collateral received consists of U.S. government securities that are <br> held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or <br> repledged by the Portfolio.<br>|
| (b) | Non-income producing security. |
| (c) | Represents investment of cash collateral received from securities on loan as of March 31, 2026. |
| (d) | The rate shown represents the annualized seven-day yield as of March 31, 2026. |

---

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Total Common Stocks\* | &nbsp;&nbsp; $585543730 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $585543730 |
| Total Short-Term Investments\* | &nbsp;&nbsp; — | &nbsp;&nbsp; 16253357 | &nbsp;&nbsp; — | &nbsp;&nbsp; 16253357 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp; 27700990 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 27700990 |
| &nbsp;&nbsp;&nbsp; Certificates of Deposit | &nbsp;&nbsp; — | &nbsp;&nbsp; 2974790 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2974790 |
| &nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp; — | &nbsp;&nbsp; 2994625 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2994625 |
| &nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp; — | &nbsp;&nbsp; 53838662 | &nbsp;&nbsp; — | &nbsp;&nbsp; 53838662 |
| &nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp; — | &nbsp;&nbsp; 6000000 | &nbsp;&nbsp; — | &nbsp;&nbsp; 6000000 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp; 27700990 | &nbsp;&nbsp; 65808077 | &nbsp;&nbsp; — | &nbsp;&nbsp; 93509067 |
| Total Investments | &nbsp;&nbsp; $613244720 | &nbsp;&nbsp; $82061434 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $695306154 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(93490232)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(93490232)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

**BHFTII-95**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—98.4% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Australia — 5.7%** | **Australia — 5.7%** | **Australia — 5.7%** |
| Accent Group Ltd.  | 48849 | &nbsp;&nbsp;&nbsp; $25426 |
| Adairs Ltd.  | 33370 | &nbsp;&nbsp;&nbsp; 30104 |
| Alkane Resources Ltd. (a) | 100921 | &nbsp;&nbsp;&nbsp; 103132 |
| Alliance Aviation Services Ltd.  | 6026 | &nbsp;&nbsp;&nbsp; 2409 |
| AMA Group Ltd. (a) | 88022 | &nbsp;&nbsp;&nbsp; 28802 |
| Amotiv Ltd.  | 31705 | &nbsp;&nbsp;&nbsp; 148230 |
| AMP Ltd.  | 476602 | &nbsp;&nbsp;&nbsp; 435842 |
| Amplitude Energy Ltd. (a) | 68419 | &nbsp;&nbsp;&nbsp; 81230 |
| Ansell Ltd.  | 25149 | &nbsp;&nbsp;&nbsp; 492265 |
| ARB Corp. Ltd.  | 15770 | &nbsp;&nbsp;&nbsp; 229341 |
| ARN Media Ltd.  | 82651 | &nbsp;&nbsp;&nbsp; 13384 |
| Articore Group Ltd. (a) | 43202 | &nbsp;&nbsp;&nbsp; 9267 |
| AUB Group Ltd.  | 26678 | &nbsp;&nbsp;&nbsp; 451414 |
| Aurelia Metals Ltd. (a) | 336966 | &nbsp;&nbsp;&nbsp; 59945 |
| Aurizon Holdings Ltd.  | 69464 | &nbsp;&nbsp;&nbsp; 191499 |
| Aussie Broadband Ltd.  | 38030 | &nbsp;&nbsp;&nbsp; 127844 |
| Austal Ltd. (a) | 64180 | &nbsp;&nbsp;&nbsp; 216603 |
| Australian Agricultural Co. Ltd. (a) | 43071 | &nbsp;&nbsp;&nbsp; 40181 |
| Australian Clinical Labs Ltd.  | 26737 | &nbsp;&nbsp;&nbsp; 38579 |
| Australian Ethical Investment Ltd.  | 10812 | &nbsp;&nbsp;&nbsp; 34207 |
| Australian Finance Group Ltd.  | 47413 | &nbsp;&nbsp;&nbsp; 59893 |
| Australian Strategic Materials Ltd. (a) | 44058 | &nbsp;&nbsp;&nbsp; 42939 |
| AVZ Minerals Ltd. (a) (b) (c) | 403512 | &nbsp;&nbsp;&nbsp; 42308 |
| Baby Bunting Group Ltd. (a) | 24951 | &nbsp;&nbsp;&nbsp; 24125 |
| Bank of Queensland Ltd.  | 86960 | &nbsp;&nbsp;&nbsp; 403783 |
| Bapcor Ltd.  | 133091 | &nbsp;&nbsp;&nbsp; 55976 |
| Beach Energy Ltd.  | 317481 | &nbsp;&nbsp;&nbsp; 280798 |
| Bega Cheese Ltd.  | 60278 | &nbsp;&nbsp;&nbsp; 251306 |
| Bellevue Gold Ltd. (a) | 35096 | &nbsp;&nbsp;&nbsp; 37894 |
| Black Cat Syndicate Ltd. (a) | 26431 | &nbsp;&nbsp;&nbsp; 18866 |
| Boss Energy Ltd. (a) | 27524 | &nbsp;&nbsp;&nbsp; 29929 |
| Bravura Solutions Ltd.  | 62095 | &nbsp;&nbsp;&nbsp; 88886 |
| Breville Group Ltd.  | 15826 | &nbsp;&nbsp;&nbsp; 289797 |
| Bubs Australia Ltd. (a) | 46469 | &nbsp;&nbsp;&nbsp; 3411 |
| Capral Ltd.  | 4093 | &nbsp;&nbsp;&nbsp; 33974 |
| Capricorn Metals Ltd.  | 40855 | &nbsp;&nbsp;&nbsp; 325261 |
| Carnarvon Energy Ltd. (a) | 136527 | &nbsp;&nbsp;&nbsp; 9376 |
| Cash Converters International Ltd.  | 172915 | &nbsp;&nbsp;&nbsp; 34088 |
| Catalyst Metals Ltd. (a) | 10163 | &nbsp;&nbsp;&nbsp; 46040 |
| Catapult Sports Ltd. (a) | 15925 | &nbsp;&nbsp;&nbsp; 36247 |
| Cedar Woods Properties Ltd.  | 14030 | &nbsp;&nbsp;&nbsp; 68964 |
| Challenger Ltd.  | 38815 | &nbsp;&nbsp;&nbsp; 223440 |
| Chrysos Corp. Ltd. (a) | 5357 | &nbsp;&nbsp;&nbsp; 26572 |
| ClearView Wealth Ltd. (a) | 44262 | &nbsp;&nbsp;&nbsp; 19154 |
| Clinuvel Pharmaceuticals Ltd.  | 6680 | &nbsp;&nbsp;&nbsp; 45769 |
| Clover Corp. Ltd.  | 39945 | &nbsp;&nbsp;&nbsp; 27697 |
| Coast Entertainment Holdings Ltd. (a) | 113950 | &nbsp;&nbsp;&nbsp; 37528 |
| Codan Ltd.  | 13385 | &nbsp;&nbsp;&nbsp; 294789 |
| Collins Foods Ltd.  | 23905 | &nbsp;&nbsp;&nbsp; 144736 |
| Corporate Travel Management Ltd. (a) (b) (c) | 28366 | &nbsp;&nbsp;&nbsp; 58909 |
| Credit Corp. Group Ltd.  | 13273 | &nbsp;&nbsp;&nbsp; 98816 |
| Dalrymple Bay Infrastructure Ltd.  | 22810 | &nbsp;&nbsp;&nbsp; 79963 |
| Data#3 Ltd.  | 33260 | &nbsp;&nbsp;&nbsp; 153290 |
| Deep Yellow Ltd. (a) | 111735 | &nbsp;&nbsp;&nbsp; 140749 |
| Develop Global Ltd. (a) | 8766 | &nbsp;&nbsp;&nbsp; 26076 |
| Dicker Data Ltd.  | 15118 | &nbsp;&nbsp;&nbsp; 89367 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Australia — (Continued)** | **Australia — (Continued)** | **Australia — (Continued)** |
| Domino's Pizza Enterprises Ltd.  | 5331 | &nbsp;&nbsp;&nbsp; $60362 |
| Downer EDI Ltd.  | 150888 | &nbsp;&nbsp;&nbsp; 803580 |
| Duratec Ltd.  | 11701 | &nbsp;&nbsp;&nbsp; 20899 |
| Dyno Nobel Ltd.  | 134812 | &nbsp;&nbsp;&nbsp; 292350 |
| Eagers Automotive Ltd.  | 11000 | &nbsp;&nbsp;&nbsp; 172157 |
| Elanor Investor Group (a) (b) (c) | 5934 | &nbsp;&nbsp;&nbsp; 631 |
| Elders Ltd.  | 44133 | &nbsp;&nbsp;&nbsp; 222194 |
| Emeco Holdings Ltd. (a) | 70139 | &nbsp;&nbsp;&nbsp; 59295 |
| Emerald Resources NL (a) | 99710 | &nbsp;&nbsp;&nbsp; 384820 |
| EML Payments Ltd. (a) | 62760 | &nbsp;&nbsp;&nbsp; 24350 |
| Energy World Corp. Ltd. (a) | 472609 | &nbsp;&nbsp;&nbsp; 10672 |
| EQT Holdings Ltd.  | 4071 | &nbsp;&nbsp;&nbsp; 58098 |
| Euroz Hartleys Group Ltd.  | 24476 | &nbsp;&nbsp;&nbsp; 20332 |
| EVT Ltd.  | 21456 | &nbsp;&nbsp;&nbsp; 197879 |
| Fiducian Group Ltd.  | 3121 | &nbsp;&nbsp;&nbsp; 20833 |
| Finbar Group Ltd.  | 6909 | &nbsp;&nbsp;&nbsp; 3680 |
| Firefinch Ltd. (a) (b) (c) | 39761 | &nbsp;&nbsp;&nbsp; 1029 |
| FireFly Metals Ltd. (a) | 10408 | &nbsp;&nbsp;&nbsp; 13054 |
| FleetPartners Group Ltd.  | 42919 | &nbsp;&nbsp;&nbsp; 75323 |
| Fleetwood Ltd.  | 20877 | &nbsp;&nbsp;&nbsp; 23840 |
| Flight Centre Travel Group Ltd.  | 27227 | &nbsp;&nbsp;&nbsp; 204898 |
| Frontier Digital Ventures Ltd. (a) | 10683 | &nbsp;&nbsp;&nbsp; 2484 |
| G8 Education Ltd.  | 133259 | &nbsp;&nbsp;&nbsp; 22215 |
| Galan Lithium Ltd. (a) | 52164 | &nbsp;&nbsp;&nbsp; 13507 |
| Generation Development Group Ltd.  | 6234 | &nbsp;&nbsp;&nbsp; 18246 |
| GenusPlus Group Ltd.  | 2617 | &nbsp;&nbsp;&nbsp; 13084 |
| GR Engineering Services Ltd.  | 14016 | &nbsp;&nbsp;&nbsp; 37808 |
| GrainCorp Ltd. - Class A | 46177 | &nbsp;&nbsp;&nbsp; 211733 |
| GWA Group Ltd.  | 51481 | &nbsp;&nbsp;&nbsp; 74881 |
| Hansen Technologies Ltd.  | 42180 | &nbsp;&nbsp;&nbsp; 144174 |
| Healius Ltd.  | 148628 | &nbsp;&nbsp;&nbsp; 57781 |
| Helia Group Ltd.  | 55724 | &nbsp;&nbsp;&nbsp; 202987 |
| Humm Group Ltd.  | 104722 | &nbsp;&nbsp;&nbsp; 46108 |
| IDP Education Ltd.  | 11496 | &nbsp;&nbsp;&nbsp; 33029 |
| IGO Ltd. (a) | 39131 | &nbsp;&nbsp;&nbsp; 215668 |
| Iluka Resources Ltd.  | 41287 | &nbsp;&nbsp;&nbsp; 191697 |
| Imdex Ltd.  | 114903 | &nbsp;&nbsp;&nbsp; 308659 |
| Immutep Ltd. (ADR) (a) | 8886 | &nbsp;&nbsp;&nbsp; 3119 |
| Inghams Group Ltd.  | 86621 | &nbsp;&nbsp;&nbsp; 119192 |
| Insignia Financial Ltd. (a) | 112174 | &nbsp;&nbsp;&nbsp; 367396 |
| Integral Diagnostics Ltd.  | 81164 | &nbsp;&nbsp;&nbsp; 132990 |
| ioneer Ltd. (a) | 392247 | &nbsp;&nbsp;&nbsp; 35973 |
| IPH Ltd.  | 34440 | &nbsp;&nbsp;&nbsp; 78170 |
| IRESS Ltd.  | 15805 | &nbsp;&nbsp;&nbsp; 76846 |
| IVE Group Ltd.  | 19754 | &nbsp;&nbsp;&nbsp; 35869 |
| Jumbo Interactive Ltd.  | 5702 | &nbsp;&nbsp;&nbsp; 30423 |
| Jupiter Mines Ltd.  | 267429 | &nbsp;&nbsp;&nbsp; 48522 |
| Kelsian Group Ltd.  | 24968 | &nbsp;&nbsp;&nbsp; 67685 |
| L1 Group Ltd.  | 112052 | &nbsp;&nbsp;&nbsp; 76971 |
| Lendlease Corp. Ltd.  | 89844 | &nbsp;&nbsp;&nbsp; 205746 |
| Leo Lithium Ltd. (a) (b) (c) | 28400 | &nbsp;&nbsp;&nbsp; 0 |
| Lifestyle Communities Ltd. (a) | 11437 | &nbsp;&nbsp;&nbsp; 37080 |
| Lindsay Australia Ltd.  | 17526 | &nbsp;&nbsp;&nbsp; 7329 |
| Lovisa Holdings Ltd.  | 13735 | &nbsp;&nbsp;&nbsp; 204459 |
| Lycopodium Ltd.  | 6179 | &nbsp;&nbsp;&nbsp; 55838 |
| MA Financial Group Ltd.  | 14408 | &nbsp;&nbsp;&nbsp; 70573 |

---

**BHFTII-96**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Australia — (Continued)** | **Australia — (Continued)** | **Australia — (Continued)** |
| Macmahon Holdings Ltd.  | 263583 | &nbsp;&nbsp;&nbsp; $131354 |
| Macquarie Technology Group Ltd. (a) | 1322 | &nbsp;&nbsp;&nbsp; 55129 |
| Mader Group Ltd.  | 3508 | &nbsp;&nbsp;&nbsp; 19075 |
| Magellan Financial Group Ltd.  | 24953 | &nbsp;&nbsp;&nbsp; 171701 |
| Mayne Pharma Group Ltd. (a) | 15480 | &nbsp;&nbsp;&nbsp; 24472 |
| McMillan Shakespeare Ltd.  | 10057 | &nbsp;&nbsp;&nbsp; 102425 |
| Megaport Ltd. (a) | 18999 | &nbsp;&nbsp;&nbsp; 99189 |
| Mesoblast Ltd. (a) | 79233 | &nbsp;&nbsp;&nbsp; 120056 |
| Metals X Ltd. (a) | 147577 | &nbsp;&nbsp;&nbsp; 133310 |
| Metcash Ltd.  | 176193 | &nbsp;&nbsp;&nbsp; 361965 |
| MGX Resources Ltd. (a) | 158334 | &nbsp;&nbsp;&nbsp; 41621 |
| Michael Hill International Ltd. (a) | 82929 | &nbsp;&nbsp;&nbsp; 21045 |
| Monadelphous Group Ltd.  | 21147 | &nbsp;&nbsp;&nbsp; 401357 |
| Monash IVF Group Ltd.  | 44698 | &nbsp;&nbsp;&nbsp; 20399 |
| Myer Holdings Ltd. (a) | 176271 | &nbsp;&nbsp;&nbsp; 35739 |
| MyState Ltd.  | 33671 | &nbsp;&nbsp;&nbsp; 102838 |
| Nanosonics Ltd. (a) | 13506 | &nbsp;&nbsp;&nbsp; 35319 |
| Navigator Global Investments Ltd.  | 52466 | &nbsp;&nbsp;&nbsp; 77277 |
| Netwealth Group Ltd.  | 1348 | &nbsp;&nbsp;&nbsp; 20619 |
| Neuren Pharmaceuticals Ltd. (a) | 1409 | &nbsp;&nbsp;&nbsp; 11609 |
| New Hope Corp. Ltd.  | 112261 | &nbsp;&nbsp;&nbsp; 450952 |
| nib holdings Ltd.  | 98922 | &nbsp;&nbsp;&nbsp; 436569 |
| Nick Scali Ltd.  | 16625 | &nbsp;&nbsp;&nbsp; 184694 |
| Nine Entertainment Co. Holdings Ltd.  | 208760 | &nbsp;&nbsp;&nbsp; 137160 |
| NRW Holdings Ltd.  | 100636 | &nbsp;&nbsp;&nbsp; 374217 |
| Nufarm Ltd. (a) | 58894 | &nbsp;&nbsp;&nbsp; 83647 |
| Nuix Ltd. (a) | 24658 | &nbsp;&nbsp;&nbsp; 21224 |
| Objective Corp. Ltd.  | 2117 | &nbsp;&nbsp;&nbsp; 17230 |
| OceanaGold Corp. (d) | 57770 | &nbsp;&nbsp;&nbsp; 1821431 |
| OFX Group Ltd. (a) | 47489 | &nbsp;&nbsp;&nbsp; 17703 |
| Omni Bridgeway Ltd. (a) | 75128 | &nbsp;&nbsp;&nbsp; 82209 |
| oOh!media Ltd.  | 105904 | &nbsp;&nbsp;&nbsp; 69255 |
| Orora Ltd.  | 264915 | &nbsp;&nbsp;&nbsp; 348212 |
| Pacific Current Group Ltd.  | 11253 | &nbsp;&nbsp;&nbsp; 74821 |
| Paladin Energy Ltd. (a) | 38900 | &nbsp;&nbsp;&nbsp; 308306 |
| Pantoro Gold Ltd. (a) | 25454 | &nbsp;&nbsp;&nbsp; 60178 |
| Peet Ltd.  | 62295 | &nbsp;&nbsp;&nbsp; 80640 |
| PeopleIN Ltd. (a) | 9511 | &nbsp;&nbsp;&nbsp; 3990 |
| Perenti Ltd.  | 182021 | &nbsp;&nbsp;&nbsp; 248797 |
| Perpetual Ltd.  | 5092 | &nbsp;&nbsp;&nbsp; 56140 |
| PEXA Group Ltd. (a) | 21038 | &nbsp;&nbsp;&nbsp; 222039 |
| Praemium Ltd.  | 98955 | &nbsp;&nbsp;&nbsp; 44434 |
| Premier Investments Ltd.  | 13001 | &nbsp;&nbsp;&nbsp; 113642 |
| Propel Funeral Partners Ltd.  | 9117 | &nbsp;&nbsp;&nbsp; 25567 |
| PWR Holdings Ltd.  | 10021 | &nbsp;&nbsp;&nbsp; 59303 |
| Regis Healthcare Ltd.  | 32213 | &nbsp;&nbsp;&nbsp; 137962 |
| Regis Resources Ltd.  | 105426 | &nbsp;&nbsp;&nbsp; 504657 |
| Resolute Mining Ltd. (a) | 456777 | &nbsp;&nbsp;&nbsp; 456964 |
| Retail Food Group Ltd. (a) | 5455 | &nbsp;&nbsp;&nbsp; 3736 |
| Ridley Corp. Ltd.  | 67123 | &nbsp;&nbsp;&nbsp; 126741 |
| Select Harvests Ltd. (a) | 33304 | &nbsp;&nbsp;&nbsp; 89307 |
| Servcorp Ltd.  | 9916 | &nbsp;&nbsp;&nbsp; 47179 |
| Service Stream Ltd.  | 137474 | &nbsp;&nbsp;&nbsp; 184287 |
| Shaver Shop Group Ltd.  | 18090 | &nbsp;&nbsp;&nbsp; 16395 |
| SmartGroup Corp. Ltd.  | 26049 | &nbsp;&nbsp;&nbsp; 149091 |
| Solvar Ltd.  | 43951 | &nbsp;&nbsp;&nbsp; 47783 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Australia — (Continued)** | **Australia — (Continued)** | **Australia — (Continued)** |
| Southern Cross Media Group Ltd.  | 104276 | &nbsp;&nbsp;&nbsp; $38377 |
| SRG Global Ltd.  | 48370 | &nbsp;&nbsp;&nbsp; 82804 |
| St Barbara Ltd. (a) | 275392 | &nbsp;&nbsp;&nbsp; 121304 |
| Steadfast Group Ltd.  | 10123 | &nbsp;&nbsp;&nbsp; 29876 |
| Super Retail Group Ltd.  | 35225 | &nbsp;&nbsp;&nbsp; 314611 |
| Superloop Ltd. (a) | 107817 | &nbsp;&nbsp;&nbsp; 246449 |
| Syrah Resources Ltd. (a) | 455209 | &nbsp;&nbsp;&nbsp; 37928 |
| Tabcorp Holdings Ltd.  | 406397 | &nbsp;&nbsp;&nbsp; 268065 |
| Temple & Webster Group Ltd. (a) | 1051 | &nbsp;&nbsp;&nbsp; 5269 |
| Ten Sixty Four Ltd. (a) (b) (c) | 60972 | &nbsp;&nbsp;&nbsp; 4627 |
| Terracom Ltd. (a) | 121504 | &nbsp;&nbsp;&nbsp; 7913 |
| Tribune Resources Ltd.  | 2377 | &nbsp;&nbsp;&nbsp; 9286 |
| Tuas Ltd. (a) | 26727 | &nbsp;&nbsp;&nbsp; 114297 |
| Tyro Payments Ltd. (a) | 64496 | &nbsp;&nbsp;&nbsp; 35571 |
| Vault Minerals Ltd.  | 53828 | &nbsp;&nbsp;&nbsp; 161969 |
| Ventia Services Group Pty. Ltd.  | 110267 | &nbsp;&nbsp;&nbsp; 400153 |
| Virgin Australia Holdings Pty. Ltd. (a) (b) (c) | 968773 | &nbsp;&nbsp;&nbsp; 1 |
| Vista Group International Ltd. (a) | 33201 | &nbsp;&nbsp;&nbsp; 32197 |
| Viva Energy Group Ltd.  | 140193 | &nbsp;&nbsp;&nbsp; 246202 |
| Vulcan Energy Resources Ltd. (a) | 23782 | &nbsp;&nbsp;&nbsp; 53231 |
| Wagners Holding Co. Ltd.  | 4946 | &nbsp;&nbsp;&nbsp; 14351 |
| Washington H Soul Pattinson & Co. Ltd.  | 10027 | &nbsp;&nbsp;&nbsp; 280284 |
| WEB Travel Group Ltd. (a) | 42011 | &nbsp;&nbsp;&nbsp; 78100 |
| Webjet Group Ltd.  | 84765 | &nbsp;&nbsp;&nbsp; 30970 |
| West African Resources Ltd. (a) (b) (c) | 258051 | &nbsp;&nbsp;&nbsp; 584950 |
| Westgold Resources Ltd.  | 58742 | &nbsp;&nbsp;&nbsp; 248480 |
| Zip Co. Ltd. (a) | 244339 | &nbsp;&nbsp;&nbsp; 272074 |
|  |  | &nbsp;&nbsp;&nbsp; 25141238 |
| **Austria — 1.7%** | **Austria — 1.7%** | **Austria — 1.7%** |
| Agrana Beteiligungs AG (d) | 3399 | &nbsp;&nbsp;&nbsp; 47994 |
| ams-OSRAM AG (a) | 3967 | &nbsp;&nbsp;&nbsp; 41828 |
| ANDRITZ AG | 13124 | &nbsp;&nbsp;&nbsp; 908386 |
| AT&S Austria Technologie & Systemtechnik AG (a) | 2246 | &nbsp;&nbsp;&nbsp; 135760 |
| A-TEC Industries AG (a) (b) (c) | 1 | &nbsp;&nbsp;&nbsp; 0 |
| BAWAG Group AG | 15691 | &nbsp;&nbsp;&nbsp; 2394887 |
| CA Immobilien Anlagen AG (d) | 2648 | &nbsp;&nbsp;&nbsp; 74916 |
| CPI Europe AG (a) | 1410 | &nbsp;&nbsp;&nbsp; 25523 |
| DO & Co. AG | 1461 | &nbsp;&nbsp;&nbsp; 277453 |
| Eurotelesites AG (a) (d) | 6880 | &nbsp;&nbsp;&nbsp; 35312 |
| EVN AG | 6159 | &nbsp;&nbsp;&nbsp; 203689 |
| FACC AG (a) | 4855 | &nbsp;&nbsp;&nbsp; 73929 |
| Kapsch TrafficCom AG (a) (d) | 1870 | &nbsp;&nbsp;&nbsp; 11255 |
| Kontron AG (d) | 9767 | &nbsp;&nbsp;&nbsp; 213228 |
| Lenzing AG (a) | 318 | &nbsp;&nbsp;&nbsp; 8840 |
| Mayr Melnhof Karton AG (d) | 381 | &nbsp;&nbsp;&nbsp; 38801 |
| Mondi PLC | 17829 | &nbsp;&nbsp;&nbsp; 200736 |
| Oesterreichische Post AG (d) | 4583 | &nbsp;&nbsp;&nbsp; 183071 |
| Palfinger AG | 3436 | &nbsp;&nbsp;&nbsp; 135771 |
| POLYTEC Holding AG (a) (d) | 3540 | &nbsp;&nbsp;&nbsp; 14504 |
| Porr AG | 2768 | &nbsp;&nbsp;&nbsp; 117533 |
| SBO AG | 140 | &nbsp;&nbsp;&nbsp; 5814 |
| Semperit AG Holding | 2077 | &nbsp;&nbsp;&nbsp; 35870 |
| Telekom Austria AG | 12210 | &nbsp;&nbsp;&nbsp; 129275 |
| UBM Development AG (a) | 1083 | &nbsp;&nbsp;&nbsp; 22151 |
| UNIQA Insurance Group AG | 23996 | &nbsp;&nbsp;&nbsp; 424623 |

---

**BHFTII-97**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Austria — (Continued)** | **Austria — (Continued)** | **Austria — (Continued)** |
| Vienna Insurance Group AG Wiener Versicherung Gruppe | 7619 | &nbsp;&nbsp;&nbsp; $549488 |
| voestalpine AG (d) | 20114 | &nbsp;&nbsp;&nbsp; 907634 |
| Wienerberger AG | 13382 | &nbsp;&nbsp;&nbsp; 358196 |
| Zumtobel Group AG (d) | 6489 | &nbsp;&nbsp;&nbsp; 28550 |
|  |  | &nbsp;&nbsp;&nbsp; 7605017 |
| **Belgium — 1.5%** | **Belgium — 1.5%** | **Belgium — 1.5%** |
| Ackermans & van Haaren NV | 4266 | &nbsp;&nbsp;&nbsp; 1302489 |
| Ageas SA | 2711 | &nbsp;&nbsp;&nbsp; 198559 |
| AGFA-Gevaert NV (a) | 31161 | &nbsp;&nbsp;&nbsp; 16647 |
| Atenor (a) | 6098 | &nbsp;&nbsp;&nbsp; 12463 |
| Azelis Group NV | 3658 | &nbsp;&nbsp;&nbsp; 37048 |
| Barco NV | 12997 | &nbsp;&nbsp;&nbsp; 144067 |
| Bekaert SA | 6815 | &nbsp;&nbsp;&nbsp; 317862 |
| Biocartis Group NV (a) (b) (c) (d) | 16240 | &nbsp;&nbsp;&nbsp; 0 |
| bpost SA (a) | 18928 | &nbsp;&nbsp;&nbsp; 39512 |
| Cie d'Entreprises CFE (d) | 2249 | &nbsp;&nbsp;&nbsp; 26564 |
| Colruyt Group NV (d) | 4391 | &nbsp;&nbsp;&nbsp; 184467 |
| Deceuninck NV | 14908 | &nbsp;&nbsp;&nbsp; 34630 |
| Deme Group NV | 1115 | &nbsp;&nbsp;&nbsp; 240615 |
| D'ieteren Group | 207 | &nbsp;&nbsp;&nbsp; 38270 |
| Econocom Group SA NV | 20343 | &nbsp;&nbsp;&nbsp; 32986 |
| EVS Broadcast Equipment SA | 2668 | &nbsp;&nbsp;&nbsp; 103693 |
| Fagron | 13331 | &nbsp;&nbsp;&nbsp; 334664 |
| Galapagos NV (a) | 6945 | &nbsp;&nbsp;&nbsp; 209176 |
| Gimv NV (d) | 4636 | &nbsp;&nbsp;&nbsp; 243214 |
| Immobel SA (a) | 1276 | &nbsp;&nbsp;&nbsp; 30499 |
| Ion Beam Applications (d) | 4414 | &nbsp;&nbsp;&nbsp; 66820 |
| Jensen-Group NV | 800 | &nbsp;&nbsp;&nbsp; 59045 |
| Kinepolis Group NV | 1782 | &nbsp;&nbsp;&nbsp; 54502 |
| Lotus Bakeries NV (d) | 45 | &nbsp;&nbsp;&nbsp; 511398 |
| MDxHealth SA (a) | 843 | &nbsp;&nbsp;&nbsp; 1939 |
| Melexis NV | 3152 | &nbsp;&nbsp;&nbsp; 195528 |
| Ontex Group NV (a) (d) | 5524 | &nbsp;&nbsp;&nbsp; 23334 |
| Orange Belgium SA (a) | 4348 | &nbsp;&nbsp;&nbsp; 101392 |
| Proximus SADP | 26805 | &nbsp;&nbsp;&nbsp; 217733 |
| Recticel SA (d) | 7728 | &nbsp;&nbsp;&nbsp; 84974 |
| Sipef NV | 1189 | &nbsp;&nbsp;&nbsp; 136770 |
| Solvay SA (d) | 15973 | &nbsp;&nbsp;&nbsp; 493827 |
| Syensqo SA | 1749 | &nbsp;&nbsp;&nbsp; 101186 |
| Tessenderlo Group SA | 3843 | &nbsp;&nbsp;&nbsp; 87683 |
| Umicore SA | 12841 | &nbsp;&nbsp;&nbsp; 243127 |
| Van de Velde NV (d) | 1424 | &nbsp;&nbsp;&nbsp; 49864 |
| VGP NV (d) | 1667 | &nbsp;&nbsp;&nbsp; 161189 |
| Viohalco SA (d) | 22715 | &nbsp;&nbsp;&nbsp; 339782 |
| What's Cooking BV | 153 | &nbsp;&nbsp;&nbsp; 24993 |
| X-Fab Silicon Foundries SE (a) | 7239 | &nbsp;&nbsp;&nbsp; 40570 |
|  |  | &nbsp;&nbsp;&nbsp; 6543081 |
| **Bermuda — 0.0%** | **Bermuda — 0.0%** | **Bermuda — 0.0%** |
| Northern Ocean Ltd. (a) (d) | 29554 | &nbsp;&nbsp;&nbsp; 27297 |
| **Brazil — 0.1%** | **Brazil — 0.1%** | **Brazil — 0.1%** |
| ERO Copper Corp. (a) | 2951 | &nbsp;&nbsp;&nbsp; 78638 |
| Karoon Energy Ltd.  | 167873 | &nbsp;&nbsp;&nbsp; 233075 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Brazil — (Continued)** | **Brazil — (Continued)** | **Brazil — (Continued)** |
| Pluxee NV | 7577 | &nbsp;&nbsp;&nbsp; $92832 |
|  |  | &nbsp;&nbsp;&nbsp; 404545 |
| **Burkina Faso — 0.2%** | **Burkina Faso — 0.2%** | **Burkina Faso — 0.2%** |
| IAMGOLD Corp. (a) (d) | 45468 | &nbsp;&nbsp;&nbsp; 855038 |
| **Cambodia — 0.0%** | **Cambodia — 0.0%** | **Cambodia — 0.0%** |
| NagaCorp Ltd.  | 178719 | &nbsp;&nbsp;&nbsp; 88682 |
| **Canada — 12.5%** | **Canada — 12.5%** | **Canada — 12.5%** |
| 5N Plus, Inc. (a) | 24232 | &nbsp;&nbsp;&nbsp; 551844 |
| Acadian Timber Corp. (d) | 2900 | &nbsp;&nbsp;&nbsp; 35690 |
| Advantage Energy Ltd. (a) | 40225 | &nbsp;&nbsp;&nbsp; 324726 |
| Aecon Group, Inc.  | 15646 | &nbsp;&nbsp;&nbsp; 470246 |
| Ag Growth International, Inc. (d) | 486 | &nbsp;&nbsp;&nbsp; 6638 |
| AGF Management Ltd. - Class B | 13063 | &nbsp;&nbsp;&nbsp; 190158 |
| Aimia, Inc. (a) (d) | 17335 | &nbsp;&nbsp;&nbsp; 34892 |
| Air Canada (a) | 21433 | &nbsp;&nbsp;&nbsp; 279179 |
| AirBoss of America Corp.  | 3761 | &nbsp;&nbsp;&nbsp; 21872 |
| Algoma Central Corp.  | 4710 | &nbsp;&nbsp;&nbsp; 71441 |
| Algonquin Power & Utilities Corp. (d) | 101548 | &nbsp;&nbsp;&nbsp; 622677 |
| Altius Minerals Corp.  | 5660 | &nbsp;&nbsp;&nbsp; 199083 |
| Altus Group Ltd. (d) | 8586 | &nbsp;&nbsp;&nbsp; 294717 |
| Amerigo Resources Ltd.  | 35000 | &nbsp;&nbsp;&nbsp; 126555 |
| Andrew Peller Ltd. - Class A | 8617 | &nbsp;&nbsp;&nbsp; 32273 |
| Aritzia, Inc. (a) | 14247 | &nbsp;&nbsp;&nbsp; 1162619 |
| Atco Ltd. - Class I (d) | 17446 | &nbsp;&nbsp;&nbsp; 853927 |
| Athabasca Oil Corp. (a) (d) | 119524 | &nbsp;&nbsp;&nbsp; 966606 |
| ATS Corp. (a) (d) | 13082 | &nbsp;&nbsp;&nbsp; 368734 |
| AutoCanada, Inc. (a) (d) | 3328 | &nbsp;&nbsp;&nbsp; 49163 |
| B2Gold Corp.  | 74132 | &nbsp;&nbsp;&nbsp; 336794 |
| B2Gold Corp. (d) | 222725 | &nbsp;&nbsp;&nbsp; 1008944 |
| Badger Infrastructure Solutions Ltd.  | 8462 | &nbsp;&nbsp;&nbsp; 377387 |
| Ballard Power Systems, Inc. (a) (d) | 22605 | &nbsp;&nbsp;&nbsp; 54704 |
| Bausch Health Cos., Inc. (a) | 38207 | &nbsp;&nbsp;&nbsp; 206318 |
| Baytex Energy Corp.  | 21683 | &nbsp;&nbsp;&nbsp; 96951 |
| Birchcliff Energy Ltd. (d) | 60988 | &nbsp;&nbsp;&nbsp; 334950 |
| Bird Construction, Inc. (d) | 13412 | &nbsp;&nbsp;&nbsp; 384109 |
| Black Diamond Group Ltd. (d) | 14412 | &nbsp;&nbsp;&nbsp; 165244 |
| BlackBerry Ltd. (a) | 576 | &nbsp;&nbsp;&nbsp; 1866 |
| BMTC Group, Inc.  | 5387 | &nbsp;&nbsp;&nbsp; 48793 |
| Boralex, Inc. - Class A (d) | 17918 | &nbsp;&nbsp;&nbsp; 471940 |
| Boyd Group, Inc. (d) | 3307 | &nbsp;&nbsp;&nbsp; 422177 |
| Brookfield Infrastructure Corp. - Class A | 3881 | &nbsp;&nbsp;&nbsp; 153377 |
| CAE, Inc. (a) | 12298 | &nbsp;&nbsp;&nbsp; 320301 |
| Calfrac Well Services Ltd. (a) | 3087 | &nbsp;&nbsp;&nbsp; 14535 |
| Calian Group Ltd. (d) | 2146 | &nbsp;&nbsp;&nbsp; 112599 |
| Canaccord Genuity Group, Inc.  | 18859 | &nbsp;&nbsp;&nbsp; 161463 |
| Canada Goose Holdings, Inc. (a) | 9656 | &nbsp;&nbsp;&nbsp; 105926 |
| Canada Packers, Inc.  | 3838 | &nbsp;&nbsp;&nbsp; 55648 |
| Canadian Tire Corp. Ltd. - Class A | 3424 | &nbsp;&nbsp;&nbsp; 460472 |
| Canfor Corp. (a) | 8111 | &nbsp;&nbsp;&nbsp; 79996 |
| Capital Power Corp. (d) | 27632 | &nbsp;&nbsp;&nbsp; 1308801 |
| Capstone Copper Corp. (a) | 93417 | &nbsp;&nbsp;&nbsp; 704438 |
| Cardinal Energy Ltd. (d) | 32459 | &nbsp;&nbsp;&nbsp; 265300 |
| Cascades, Inc.  | 16926 | &nbsp;&nbsp;&nbsp; 143696 |

---

**BHFTII-98**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Canada — (Continued)** | **Canada — (Continued)** | **Canada — (Continued)** |
| Centerra Gold, Inc.  | 50985 | &nbsp;&nbsp;&nbsp; $906742 |
| CES Energy Solutions Corp. (d) | 51842 | &nbsp;&nbsp;&nbsp; 686084 |
| Champion Iron Ltd.  | 63943 | &nbsp;&nbsp;&nbsp; 235439 |
| Cineplex, Inc. (a) (d) | 6558 | &nbsp;&nbsp;&nbsp; 49735 |
| Cipher Pharmaceuticals, Inc. (a) | 2300 | &nbsp;&nbsp;&nbsp; 30174 |
| Clairvest Group, Inc.  | 200 | &nbsp;&nbsp;&nbsp; 10675 |
| Cogeco Communications, Inc.  | 3380 | &nbsp;&nbsp;&nbsp; 171539 |
| Cogeco, Inc.  | 609 | &nbsp;&nbsp;&nbsp; 30352 |
| Colliers International Group, Inc.  | 901 | &nbsp;&nbsp;&nbsp; 96316 |
| Computer Modelling Group Ltd.  | 9720 | &nbsp;&nbsp;&nbsp; 29906 |
| Corby Spirit & Wine Ltd.  | 3957 | &nbsp;&nbsp;&nbsp; 41018 |
| Cronos Group, Inc. (a) | 20813 | &nbsp;&nbsp;&nbsp; 52241 |
| Definity Financial Corp.  | 9869 | &nbsp;&nbsp;&nbsp; 464611 |
| Descartes Systems Group, Inc. (a) | 3364 | &nbsp;&nbsp;&nbsp; 240910 |
| Dexterra Group, Inc. (d) | 8842 | &nbsp;&nbsp;&nbsp; 77163 |
| Doman Building Materials Group Ltd. (d) | 19304 | &nbsp;&nbsp;&nbsp; 133078 |
| Dorel Industries, Inc. - Class B (a) | 8626 | &nbsp;&nbsp;&nbsp; 11534 |
| DPM Metals, Inc.  | 41272 | &nbsp;&nbsp;&nbsp; 1453168 |
| DREAM Unlimited Corp. - Class A | 4372 | &nbsp;&nbsp;&nbsp; 57608 |
| Dye & Durham Ltd. (d) | 4963 | &nbsp;&nbsp;&nbsp; 13950 |
| E-L Financial Corp. Ltd. (d) | 36900 | &nbsp;&nbsp;&nbsp; 419903 |
| Element Fleet Management Corp.  | 6479 | &nbsp;&nbsp;&nbsp; 140516 |
| Enerflex Ltd. (d) | 29289 | &nbsp;&nbsp;&nbsp; 612688 |
| Enghouse Systems Ltd.  | 3079 | &nbsp;&nbsp;&nbsp; 36808 |
| Ensign Energy Services, Inc. (a) | 22239 | &nbsp;&nbsp;&nbsp; 58031 |
| EQB, Inc. (d) | 5098 | &nbsp;&nbsp;&nbsp; 408544 |
| Evertz Technologies Ltd.  | 8149 | &nbsp;&nbsp;&nbsp; 94372 |
| Exchange Income Corp.  | 5351 | &nbsp;&nbsp;&nbsp; 401546 |
| Exco Technologies Ltd.  | 7732 | &nbsp;&nbsp;&nbsp; 42242 |
| Extendicare, Inc. (d) | 18162 | &nbsp;&nbsp;&nbsp; 343630 |
| Fiera Capital Corp.  | 7157 | &nbsp;&nbsp;&nbsp; 27474 |
| Finning International, Inc.  | 32132 | &nbsp;&nbsp;&nbsp; 1988299 |
| Firm Capital Mortgage Investment Corp. (d) | 9574 | &nbsp;&nbsp;&nbsp; 81211 |
| First Majestic Silver Corp. (d) | 38651 | &nbsp;&nbsp;&nbsp; 828533 |
| First Mining Gold Corp. (a) | 50000 | &nbsp;&nbsp;&nbsp; 18690 |
| FirstService Corp.  | 1731 | &nbsp;&nbsp;&nbsp; 240657 |
| Fortuna Mining Corp. (a) (d) | 75418 | &nbsp;&nbsp;&nbsp; 749789 |
| Freehold Royalties Ltd. (d) | 30612 | &nbsp;&nbsp;&nbsp; 382237 |
| Galiano Gold, Inc. (a) | 23027 | &nbsp;&nbsp;&nbsp; 57605 |
| Gamehost, Inc.  | 4952 | &nbsp;&nbsp;&nbsp; 47772 |
| Gibson Energy, Inc.  | 38325 | &nbsp;&nbsp;&nbsp; 817688 |
| goeasy Ltd. (d) | 1895 | &nbsp;&nbsp;&nbsp; 52078 |
| GoGold Resources, Inc. (a) | 28473 | &nbsp;&nbsp;&nbsp; 54445 |
| GoldMoney, Inc. (a) | 2199 | &nbsp;&nbsp;&nbsp; 25498 |
| Haivision Systems, Inc. (a) | 4800 | &nbsp;&nbsp;&nbsp; 26224 |
| Hanfeng Evergreen, Inc. (a) (b) (c) | 12100 | &nbsp;&nbsp;&nbsp; 0 |
| Headwater Exploration, Inc. (d) | 48021 | &nbsp;&nbsp;&nbsp; 443584 |
| High Liner Foods, Inc.  | 5107 | &nbsp;&nbsp;&nbsp; 54444 |
| Hudbay Minerals, Inc. (d) | 84922 | &nbsp;&nbsp;&nbsp; 1778289 |
| iA Financial Corp., Inc.  | 414 | &nbsp;&nbsp;&nbsp; 45944 |
| Imperial Metals Corp. (a) | 19966 | &nbsp;&nbsp;&nbsp; 111520 |
| Information Services Corp.  | 2900 | &nbsp;&nbsp;&nbsp; 94540 |
| Interfor Corp. (a) | 4081 | &nbsp;&nbsp;&nbsp; 29777 |
| International Petroleum Corp. (a) | 40 | &nbsp;&nbsp;&nbsp; 1079 |
| Jamieson Wellness, Inc.  | 10457 | &nbsp;&nbsp;&nbsp; 258587 |
| Journey Energy, Inc. (a) | 100 | &nbsp;&nbsp;&nbsp; 392 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Canada — (Continued)** | **Canada — (Continued)** | **Canada — (Continued)** |
| K92 Mining, Inc. (a) | 27548 | &nbsp;&nbsp;&nbsp; $467550 |
| K-Bro Linen, Inc.  | 2819 | &nbsp;&nbsp;&nbsp; 70075 |
| Kelt Exploration Ltd. (a) | 42251 | &nbsp;&nbsp;&nbsp; 284589 |
| Keyera Corp. (d) | 7486 | &nbsp;&nbsp;&nbsp; 289571 |
| Knight Therapeutics, Inc. (a) | 19152 | &nbsp;&nbsp;&nbsp; 102017 |
| KP Tissue, Inc.  | 1400 | &nbsp;&nbsp;&nbsp; 11020 |
| Labrador Iron Ore Royalty Corp. (d) | 15500 | &nbsp;&nbsp;&nbsp; 326691 |
| Lassonde Industries, Inc. - Class A | 800 | &nbsp;&nbsp;&nbsp; 130837 |
| Laurentian Bank of Canada | 7751 | &nbsp;&nbsp;&nbsp; 225604 |
| Leon's Furniture Ltd.  | 6639 | &nbsp;&nbsp;&nbsp; 124180 |
| Lightspeed Commerce, Inc. (a) | 14730 | &nbsp;&nbsp;&nbsp; 131981 |
| Lightstream Resources Ltd. (a) (b) (c) | 108373 | &nbsp;&nbsp;&nbsp; 0 |
| Linamar Corp. (d) | 8784 | &nbsp;&nbsp;&nbsp; 544114 |
| Lucara Diamond Corp. (a) | 110136 | &nbsp;&nbsp;&nbsp; 19001 |
| Magellan Aerospace Corp.  | 3994 | &nbsp;&nbsp;&nbsp; 60408 |
| Mainstreet Equity Corp.  | 761 | &nbsp;&nbsp;&nbsp; 96144 |
| Major Drilling Group International, Inc. (a) | 17077 | &nbsp;&nbsp;&nbsp; 196660 |
| Manitok Energy, Inc. (a) (b) (c) | 122 | &nbsp;&nbsp;&nbsp; 0 |
| Maple Leaf Foods, Inc. (d) | 19191 | &nbsp;&nbsp;&nbsp; 413867 |
| Martinrea International, Inc.  | 5846 | &nbsp;&nbsp;&nbsp; 39251 |
| Maxim Power Corp. (a) | 2800 | &nbsp;&nbsp;&nbsp; 8756 |
| MDA Space Ltd. (a) | 16664 | &nbsp;&nbsp;&nbsp; 422140 |
| Medical Facilities Corp. (d) | 4957 | &nbsp;&nbsp;&nbsp; 59437 |
| Melcor Developments Ltd.  | 3120 | &nbsp;&nbsp;&nbsp; 40752 |
| Methanex Corp.  | 7669 | &nbsp;&nbsp;&nbsp; 456672 |
| Morguard Corp.  | 1000 | &nbsp;&nbsp;&nbsp; 82561 |
| MTY Food Group, Inc.  | 2720 | &nbsp;&nbsp;&nbsp; 75259 |
| Mullen Group Ltd. (d) | 19954 | &nbsp;&nbsp;&nbsp; 244996 |
| Neo Performance Materials, Inc.  | 4300 | &nbsp;&nbsp;&nbsp; 67942 |
| NFI Group, Inc. (a) (d) | 13975 | &nbsp;&nbsp;&nbsp; 193084 |
| North American Construction Group Ltd.  | 463 | &nbsp;&nbsp;&nbsp; 6247 |
| North West Co., Inc.  | 11871 | &nbsp;&nbsp;&nbsp; 465334 |
| Northland Power, Inc.  | 38310 | &nbsp;&nbsp;&nbsp; 642769 |
| Obsidian Energy Ltd. (a) | 5354 | &nbsp;&nbsp;&nbsp; 50702 |
| Onex Corp. (d) | 6977 | &nbsp;&nbsp;&nbsp; 509169 |
| Open Text Corp. (d) | 14495 | &nbsp;&nbsp;&nbsp; 322369 |
| OR Royalties, Inc. (d) | 28827 | &nbsp;&nbsp;&nbsp; 1097668 |
| Paramount Resources Ltd. - Class A (d) | 19490 | &nbsp;&nbsp;&nbsp; 416252 |
| Parex Resources, Inc.  | 6102 | &nbsp;&nbsp;&nbsp; 119926 |
| Pason Systems, Inc.  | 10955 | &nbsp;&nbsp;&nbsp; 104266 |
| Pet Valu Holdings Ltd.  | 2074 | &nbsp;&nbsp;&nbsp; 31890 |
| Peyto Exploration & Development Corp. (d) | 48991 | &nbsp;&nbsp;&nbsp; 957210 |
| PHX Energy Services Corp. (d) | 8794 | &nbsp;&nbsp;&nbsp; 83509 |
| Pizza Pizza Royalty Corp.  | 6998 | &nbsp;&nbsp;&nbsp; 75961 |
| Polaris Renewable Energy, Inc.  | 5300 | &nbsp;&nbsp;&nbsp; 46672 |
| Pollard Banknote Ltd.  | 790 | &nbsp;&nbsp;&nbsp; 10279 |
| PrairieSky Royalty Ltd. (d) | 47952 | &nbsp;&nbsp;&nbsp; 1109952 |
| Precision Drilling Corp. (a) | 1018 | &nbsp;&nbsp;&nbsp; 100183 |
| Premium Brands Holdings Corp. (d) | 10555 | &nbsp;&nbsp;&nbsp; 623163 |
| Pulse Seismic, Inc.  | 13500 | &nbsp;&nbsp;&nbsp; 38527 |
| Quarterhill, Inc. (a) (d) | 37345 | &nbsp;&nbsp;&nbsp; 32483 |
| Quebecor, Inc. - Class B (d) | 16161 | &nbsp;&nbsp;&nbsp; 686241 |
| Questerre Energy Corp. - Class A (a) (d) | 83569 | &nbsp;&nbsp;&nbsp; 16821 |
| Richelieu Hardware Ltd.  | 11590 | &nbsp;&nbsp;&nbsp; 340260 |
| Rogers Sugar, Inc. (d) | 28139 | &nbsp;&nbsp;&nbsp; 135325 |
| Russel Metals, Inc.  | 13422 | &nbsp;&nbsp;&nbsp; 463127 |

---

**BHFTII-99**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Canada — (Continued)** | **Canada — (Continued)** | **Canada — (Continued)** |
| Savaria Corp.  | 10600 | &nbsp;&nbsp;&nbsp; $203831 |
| Seabridge Gold, Inc. (a) (d) | 8233 | &nbsp;&nbsp;&nbsp; 233323 |
| Secure Waste Infrastructure Corp. (d) | 45912 | &nbsp;&nbsp;&nbsp; 720479 |
| Sienna Senior Living, Inc.  | 20676 | &nbsp;&nbsp;&nbsp; 321785 |
| SNDL, Inc. (a) | 11204 | &nbsp;&nbsp;&nbsp; 14789 |
| South Bow Corp.  | 13488 | &nbsp;&nbsp;&nbsp; 449420 |
| Spartan Delta Corp. (a) | 16736 | &nbsp;&nbsp;&nbsp; 156400 |
| Sprott, Inc. (d) | 4842 | &nbsp;&nbsp;&nbsp; 690988 |
| SSR Mining, Inc. (a) (d) | 45893 | &nbsp;&nbsp;&nbsp; 1347989 |
| Stella-Jones, Inc.  | 8494 | &nbsp;&nbsp;&nbsp; 569930 |
| StorageVault Canada, Inc.  | 12770 | &nbsp;&nbsp;&nbsp; 40391 |
| SunOpta, Inc. (a) | 7292 | &nbsp;&nbsp;&nbsp; 47334 |
| Superior Plus Corp.  | 22786 | &nbsp;&nbsp;&nbsp; 109909 |
| Surge Energy, Inc.  | 12100 | &nbsp;&nbsp;&nbsp; 81763 |
| Sylogist Ltd.  | 1343 | &nbsp;&nbsp;&nbsp; 3147 |
| Tamarack Valley Energy Ltd. (d) | 85898 | &nbsp;&nbsp;&nbsp; 710105 |
| Taseko Mines Ltd. (a) | 3217 | &nbsp;&nbsp;&nbsp; 20836 |
| TerraVest Industries, Inc. (d) | 1600 | &nbsp;&nbsp;&nbsp; 152087 |
| TFI International, Inc. (d) | 2314 | &nbsp;&nbsp;&nbsp; 251370 |
| Timbercreek Financial Corp. (d) | 17551 | &nbsp;&nbsp;&nbsp; 85036 |
| TMX Group Ltd.  | 8820 | &nbsp;&nbsp;&nbsp; 312767 |
| Topaz Energy Corp.  | 8101 | &nbsp;&nbsp;&nbsp; 180061 |
| Torex Gold Resources, Inc.  | 22294 | &nbsp;&nbsp;&nbsp; 1023271 |
| Toromont Industries Ltd.  | 568 | &nbsp;&nbsp;&nbsp; 79522 |
| Total Energy Services, Inc.  | 8286 | &nbsp;&nbsp;&nbsp; 135211 |
| TransAlta Corp. (d) | 48478 | &nbsp;&nbsp;&nbsp; 637382 |
| Transat AT, Inc. (a) (d) | 3600 | &nbsp;&nbsp;&nbsp; 6314 |
| Transcontinental, Inc. - Class A (d) | 17620 | &nbsp;&nbsp;&nbsp; 66118 |
| Trevali Mining Corp. (a) (b) (c) | 9060 | &nbsp;&nbsp;&nbsp; 0 |
| Trican Well Service Ltd.  | 47483 | &nbsp;&nbsp;&nbsp; 249515 |
| Triple Flag Precious Metals Corp.  | 3866 | &nbsp;&nbsp;&nbsp; 134201 |
| Trisura Group Ltd. (a) | 8223 | &nbsp;&nbsp;&nbsp; 257371 |
| Vecima Networks, Inc.  | 2500 | &nbsp;&nbsp;&nbsp; 23560 |
| Vermilion Energy, Inc.  | 15289 | &nbsp;&nbsp;&nbsp; 210689 |
| Vermilion Energy, Inc. (d) | 7128 | &nbsp;&nbsp;&nbsp; 98224 |
| VersaBank | 3000 | &nbsp;&nbsp;&nbsp; 42665 |
| Vitalhub Corp. (a) | 1790 | &nbsp;&nbsp;&nbsp; 8982 |
| Wajax Corp.  | 3113 | &nbsp;&nbsp;&nbsp; 72460 |
| Well Health Technologies Corp. (a) | 4614 | &nbsp;&nbsp;&nbsp; 12737 |
| Wesdome Gold Mines Ltd. (a) (d) | 36507 | &nbsp;&nbsp;&nbsp; 651883 |
| West Fraser Timber Co. Ltd.  | 548 | &nbsp;&nbsp;&nbsp; 35779 |
| Western Forest Products, Inc. (a) | 2508 | &nbsp;&nbsp;&nbsp; 26575 |
| Westshore Terminals Investment Corp. (d) | 8214 | &nbsp;&nbsp;&nbsp; 198574 |
| Whitecap Resources, Inc. (d) | 90251 | &nbsp;&nbsp;&nbsp; 1018576 |
| Winpak Ltd. (d) | 6752 | &nbsp;&nbsp;&nbsp; 219097 |
| Yellow Pages Ltd. (d) | 3727 | &nbsp;&nbsp;&nbsp; 32043 |
| Zenith Capital Corp. (a) (b) (c) | 12830 | &nbsp;&nbsp;&nbsp; 1668 |
|  |  | &nbsp;&nbsp;&nbsp; 55644269 |
| **China — 0.4%** | **China — 0.4%** | **China — 0.4%** |
| Bund Center Investment Ltd.  | 107700 | &nbsp;&nbsp;&nbsp; 39523 |
| China Gold International Resources Corp. Ltd. (d) | 60347 | &nbsp;&nbsp;&nbsp; 1215963 |
| CITIC Telecom International Holdings Ltd.  | 346000 | &nbsp;&nbsp;&nbsp; 119599 |
| Deep Source Holdings Ltd. (a) | 170000 | &nbsp;&nbsp;&nbsp; 18958 |
| First Sponsor Group Ltd.  | 9490 | &nbsp;&nbsp;&nbsp; 7344 |
| KLN Logistics Group Ltd.  | 67000 | &nbsp;&nbsp;&nbsp; 56542 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **China — (Continued)** | **China — (Continued)** | **China — (Continued)** |
| Neo-Neon Holdings Ltd. (a) | 322500 | &nbsp;&nbsp;&nbsp; $13128 |
| Shangri-La Asia Ltd.  | 234000 | &nbsp;&nbsp;&nbsp; 133865 |
| VSTECS Holdings Ltd.  | 125200 | &nbsp;&nbsp;&nbsp; 139339 |
| Xinyi Glass Holdings Ltd.  | 64067 | &nbsp;&nbsp;&nbsp; 80348 |
|  |  | &nbsp;&nbsp;&nbsp; 1824609 |
| **Colombia — 0.0%** | **Colombia — 0.0%** | **Colombia — 0.0%** |
| Canacol Energy Ltd. (a) (b) (c) (d) | 7932 | &nbsp;&nbsp;&nbsp; 0 |
| Frontera Energy Corp. (d) | 8267 | &nbsp;&nbsp;&nbsp; 80227 |
|  |  | &nbsp;&nbsp;&nbsp; 80227 |
| **Denmark — 2.7%** | **Denmark — 2.7%** | **Denmark — 2.7%** |
| AL Sydbank (d) | 10642 | &nbsp;&nbsp;&nbsp; 859173 |
| ALK-Abello AS (d) | 25883 | &nbsp;&nbsp;&nbsp; 815566 |
| Alm Brand AS | 147115 | &nbsp;&nbsp;&nbsp; 359408 |
| Ambu AS - Class B (d) | 26448 | &nbsp;&nbsp;&nbsp; 284450 |
| Bang & Olufsen AS (a) (d) | 25883 | &nbsp;&nbsp;&nbsp; 35013 |
| Bavarian Nordic AS (a) | 15597 | &nbsp;&nbsp;&nbsp; 469590 |
| Better Collective AS (a) (d) | 2123 | &nbsp;&nbsp;&nbsp; 31030 |
| cBrain AS | 1254 | &nbsp;&nbsp;&nbsp; 12908 |
| Cementir Holding NV | 10361 | &nbsp;&nbsp;&nbsp; 185245 |
| Chemometec AS | 3635 | &nbsp;&nbsp;&nbsp; 172282 |
| Columbus AS (d) | 20865 | &nbsp;&nbsp;&nbsp; 31801 |
| D/S Norden AS | 1976 | &nbsp;&nbsp;&nbsp; 90778 |
| Demant AS (a) | 879 | &nbsp;&nbsp;&nbsp; 26714 |
| Dfds AS (a) | 2432 | &nbsp;&nbsp;&nbsp; 39753 |
| FLSmidth & Co. AS | 8163 | &nbsp;&nbsp;&nbsp; 620200 |
| GN Store Nord AS (a) (d) | 3749 | &nbsp;&nbsp;&nbsp; 59026 |
| H Lundbeck AS | 44313 | &nbsp;&nbsp;&nbsp; 274683 |
| H Lundbeck AS - A Shares | 5266 | &nbsp;&nbsp;&nbsp; 27301 |
| H&H International AS - Class B (a) (d) | 3245 | &nbsp;&nbsp;&nbsp; 41555 |
| Harboes Bryggeri AS - Class B | 1454 | &nbsp;&nbsp;&nbsp; 22605 |
| ISS AS | 25873 | &nbsp;&nbsp;&nbsp; 948998 |
| Jeudan AS | 2032 | &nbsp;&nbsp;&nbsp; 64030 |
| Jyske Bank AS | 5618 | &nbsp;&nbsp;&nbsp; 777800 |
| Matas AS (d) | 6644 | &nbsp;&nbsp;&nbsp; 108995 |
| Napatech AS (a) | 3374 | &nbsp;&nbsp;&nbsp; 10268 |
| Netcompany Group AS (a) (d) | 7774 | &nbsp;&nbsp;&nbsp; 471544 |
| Nilfisk Holding AS (a) | 2510 | &nbsp;&nbsp;&nbsp; 54000 |
| NKT AS (a) | 10286 | &nbsp;&nbsp;&nbsp; 1347519 |
| NNIT AS (a) (d) | 2656 | &nbsp;&nbsp;&nbsp; 18946 |
| North Media AS (a) | 679 | &nbsp;&nbsp;&nbsp; 5066 |
| NTG Nordic Transport Group AS (a) (d) | 1353 | &nbsp;&nbsp;&nbsp; 34143 |
| Parken Sport & Entertainment AS (d) | 1956 | &nbsp;&nbsp;&nbsp; 56303 |
| Per Aarsleff Holding AS | 4435 | &nbsp;&nbsp;&nbsp; 517530 |
| Ringkjoebing Landbobank AS | 4868 | &nbsp;&nbsp;&nbsp; 1173068 |
| Rockwool AS - A Shares | 5450 | &nbsp;&nbsp;&nbsp; 161874 |
| Rockwool AS - B Shares | 9580 | &nbsp;&nbsp;&nbsp; 267432 |
| Royal Unibrew AS | 9553 | &nbsp;&nbsp;&nbsp; 780209 |
| RTX AS (a) (d) | 2486 | &nbsp;&nbsp;&nbsp; 36797 |
| Scandinavian Tobacco Group AS | 9345 | &nbsp;&nbsp;&nbsp; 99931 |
| Schouw & Co. AS | 2533 | &nbsp;&nbsp;&nbsp; 260921 |
| SJF Bank AS | 1358 | &nbsp;&nbsp;&nbsp; 65361 |
| Solar AS - B Shares (a) (d) | 753 | &nbsp;&nbsp;&nbsp; 23666 |
| SP Group AS | 1294 | &nbsp;&nbsp;&nbsp; 70694 |
| TCM Group AS | 502 | &nbsp;&nbsp;&nbsp; 4981 |

---

**BHFTII-100**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Denmark — (Continued)** | **Denmark — (Continued)** | **Denmark — (Continued)** |
| Tivoli AS (d) | 844 | &nbsp;&nbsp;&nbsp; $81198 |
| UIE PLC (d) | 843 | &nbsp;&nbsp;&nbsp; 50181 |
|  |  | &nbsp;&nbsp;&nbsp; 11950536 |
| **Faeroe Islands — 0.0%** | **Faeroe Islands — 0.0%** | **Faeroe Islands — 0.0%** |
| Foroya Banki P (d) | 1109 | &nbsp;&nbsp;&nbsp; 41834 |
| **Finland — 2.5%** | **Finland — 2.5%** | **Finland — 2.5%** |
| Aktia Bank OYJ (d) | 8174 | &nbsp;&nbsp;&nbsp; 119183 |
| Alma Media OYJ | 6031 | &nbsp;&nbsp;&nbsp; 88606 |
| Anora Group OYJ | 1398 | &nbsp;&nbsp;&nbsp; 6440 |
| Apetit OYJ | 1205 | &nbsp;&nbsp;&nbsp; 19513 |
| Aspo OYJ | 4744 | &nbsp;&nbsp;&nbsp; 34553 |
| Atria OYJ | 2027 | &nbsp;&nbsp;&nbsp; 39566 |
| Bittium OYJ (d) | 5744 | &nbsp;&nbsp;&nbsp; 246456 |
| Digia OYJ | 6625 | &nbsp;&nbsp;&nbsp; 43004 |
| Easor OYJ (a) | 2085 | &nbsp;&nbsp;&nbsp; 1545 |
| Elisa OYJ | 15224 | &nbsp;&nbsp;&nbsp; 738154 |
| Enento Group OYJ | 2464 | &nbsp;&nbsp;&nbsp; 38683 |
| Finnair OYJ | 39441 | &nbsp;&nbsp;&nbsp; 127126 |
| Fiskars OYJ Abp (d) | 4137 | &nbsp;&nbsp;&nbsp; 58323 |
| F-Secure OYJ | 15912 | &nbsp;&nbsp;&nbsp; 29827 |
| Harvia OYJ (d) | 2739 | &nbsp;&nbsp;&nbsp; 105920 |
| Hiab OYJ - B Shares | 7370 | &nbsp;&nbsp;&nbsp; 348031 |
| HKFoods OYJ | 6704 | &nbsp;&nbsp;&nbsp; 13736 |
| Huhtamaki OYJ | 9979 | &nbsp;&nbsp;&nbsp; 325747 |
| Ilkka OYJ | 5725 | &nbsp;&nbsp;&nbsp; 27854 |
| Kalmar OYJ - B Shares (a) | 7781 | &nbsp;&nbsp;&nbsp; 394599 |
| Kemira OYJ (d) | 21707 | &nbsp;&nbsp;&nbsp; 475167 |
| Kesko OYJ - A Shares | 6578 | &nbsp;&nbsp;&nbsp; 144799 |
| Kesko OYJ - B Shares (d) | 30707 | &nbsp;&nbsp;&nbsp; 679532 |
| Konecranes OYJ | 37134 | &nbsp;&nbsp;&nbsp; 1213495 |
| Lassila & Tikanoja OYJ (a) | 6058 | &nbsp;&nbsp;&nbsp; 51912 |
| Lindex Group OYJ (a) | 9321 | &nbsp;&nbsp;&nbsp; 24688 |
| Lumo Kodit OYJ (d) | 21412 | &nbsp;&nbsp;&nbsp; 197258 |
| Luotea PLC (a) | 6058 | &nbsp;&nbsp;&nbsp; 17508 |
| Mandatum OYJ | 36201 | &nbsp;&nbsp;&nbsp; 290543 |
| Marimekko OYJ | 4363 | &nbsp;&nbsp;&nbsp; 51481 |
| Metsa Board OYJ - Class B (a) | 9160 | &nbsp;&nbsp;&nbsp; 32437 |
| Nokian Renkaat OYJ (d) | 14031 | &nbsp;&nbsp;&nbsp; 148445 |
| Olvi OYJ - A Shares | 2909 | &nbsp;&nbsp;&nbsp; 114924 |
| Oriola OYJ - B Shares | 28441 | &nbsp;&nbsp;&nbsp; 31078 |
| Orion OYJ - Class A | 4976 | &nbsp;&nbsp;&nbsp; 403525 |
| Orion OYJ - Class B | 14294 | &nbsp;&nbsp;&nbsp; 1156030 |
| Outokumpu OYJ (d) | 59078 | &nbsp;&nbsp;&nbsp; 324808 |
| Ponsse OYJ | 2650 | &nbsp;&nbsp;&nbsp; 68626 |
| Puuilo OYJ | 5676 | &nbsp;&nbsp;&nbsp; 83686 |
| QT Group OYJ (a) (d) | 1156 | &nbsp;&nbsp;&nbsp; 25520 |
| Raisio OYJ - V Shares | 23304 | &nbsp;&nbsp;&nbsp; 72193 |
| Revenio Group OYJ | 2661 | &nbsp;&nbsp;&nbsp; 58589 |
| Sampo OYJ - A Shares | 32310 | &nbsp;&nbsp;&nbsp; 345359 |
| Sanoma OYJ | 16432 | &nbsp;&nbsp;&nbsp; 170630 |
| Stora Enso OYJ - R Shares (d) | 42033 | &nbsp;&nbsp;&nbsp; 495114 |
| Taaleri PLC | 1210 | &nbsp;&nbsp;&nbsp; 10172 |
| Talenom OYJ | 2085 | &nbsp;&nbsp;&nbsp; 3069 |
| Teleste OYJ | 2149 | &nbsp;&nbsp;&nbsp; 9032 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Finland — (Continued)** | **Finland — (Continued)** | **Finland — (Continued)** |
| Terveystalo OYJ (d) | 14772 | &nbsp;&nbsp;&nbsp; $148282 |
| TietoEVRY OYJ (d) | 17665 | &nbsp;&nbsp;&nbsp; 383530 |
| Tokmanni Group Corp. (d) | 801 | &nbsp;&nbsp;&nbsp; 6634 |
| Vaisala OYJ - A Shares | 2499 | &nbsp;&nbsp;&nbsp; 128641 |
| Valmet OYJ (d) | 26168 | &nbsp;&nbsp;&nbsp; 746212 |
| YIT OYJ (a) | 27133 | &nbsp;&nbsp;&nbsp; 82437 |
|  |  | &nbsp;&nbsp;&nbsp; 11002222 |
| **France — 5.5%** | **France — 5.5%** | **France — 5.5%** |
| Accor SA | 2555 | &nbsp;&nbsp;&nbsp; 122416 |
| AKWEL SADIR (d) | 2629 | &nbsp;&nbsp;&nbsp; 21567 |
| Alstom SA (a) | 32446 | &nbsp;&nbsp;&nbsp; 924520 |
| Altamir (d) | 7426 | &nbsp;&nbsp;&nbsp; 212391 |
| Alten SA | 4627 | &nbsp;&nbsp;&nbsp; 290875 |
| Arkema SA | 7926 | &nbsp;&nbsp;&nbsp; 539337 |
| Aubay | 221 | &nbsp;&nbsp;&nbsp; 10674 |
| Ayvens SA | 5120 | &nbsp;&nbsp;&nbsp; 60321 |
| Bastide le Confort Medical (a) | 938 | &nbsp;&nbsp;&nbsp; 25197 |
| Beneteau SACA (d) | 8857 | &nbsp;&nbsp;&nbsp; 70080 |
| BioMerieux | 546 | &nbsp;&nbsp;&nbsp; 58145 |
| Boiron SA (d) | 1382 | &nbsp;&nbsp;&nbsp; 43164 |
| Bonduelle SCA (d) | 4120 | &nbsp;&nbsp;&nbsp; 40269 |
| Carrefour SA | 48524 | &nbsp;&nbsp;&nbsp; 894577 |
| CBo Territoria | 2864 | &nbsp;&nbsp;&nbsp; 13089 |
| Cie des Alpes | 4881 | &nbsp;&nbsp;&nbsp; 134241 |
| Clariane SE (a) | 37026 | &nbsp;&nbsp;&nbsp; 154390 |
| Coface SA | 26304 | &nbsp;&nbsp;&nbsp; 456781 |
| Derichebourg SA | 22712 | &nbsp;&nbsp;&nbsp; 219361 |
| Edenred SE (d) | 12764 | &nbsp;&nbsp;&nbsp; 254138 |
| Eiffage SA | 1790 | &nbsp;&nbsp;&nbsp; 274825 |
| Ekinops SAS (a) (d) | 1670 | &nbsp;&nbsp;&nbsp; 3412 |
| Electricite de Strasbourg SA | 193 | &nbsp;&nbsp;&nbsp; 47348 |
| Elior Group SA | 29385 | &nbsp;&nbsp;&nbsp; 83873 |
| Elis SA | 37868 | &nbsp;&nbsp;&nbsp; 1071895 |
| Equasens | 56 | &nbsp;&nbsp;&nbsp; 2606 |
| Eramet SA (d) | 627 | &nbsp;&nbsp;&nbsp; 36836 |
| Etablissements Maurel et Prom SA | 15300 | &nbsp;&nbsp;&nbsp; 186638 |
| Eurazeo SE | 6276 | &nbsp;&nbsp;&nbsp; 297097 |
| Euroapi SA (a) | 7243 | &nbsp;&nbsp;&nbsp; 11069 |
| Eutelsat Communications SACA (a) (d) | 53409 | &nbsp;&nbsp;&nbsp; 126578 |
| Exel Industries SA - A Shares (d) | 618 | &nbsp;&nbsp;&nbsp; 24089 |
| FDJ United (d) | 6010 | &nbsp;&nbsp;&nbsp; 175299 |
| Fnac Darty SA | 2151 | &nbsp;&nbsp;&nbsp; 87864 |
| Foraco International SA (a) | 17535 | &nbsp;&nbsp;&nbsp; 32899 |
| Forvia SE (a) | 8965 | &nbsp;&nbsp;&nbsp; 102109 |
| Gaztransport Et Technigaz SA | 7959 | &nbsp;&nbsp;&nbsp; 1854845 |
| GEA | 165 | &nbsp;&nbsp;&nbsp; 18141 |
| Getlink SE | 4774 | &nbsp;&nbsp;&nbsp; 102877 |
| GL Events SACA | 2288 | &nbsp;&nbsp;&nbsp; 78376 |
| Groupe Crit SA | 900 | &nbsp;&nbsp;&nbsp; 59272 |
| Haulotte Group SA (d) | 5337 | &nbsp;&nbsp;&nbsp; 13204 |
| ID Logistics Group SACA (a) | 796 | &nbsp;&nbsp;&nbsp; 297965 |
| Imerys SA (d) | 7588 | &nbsp;&nbsp;&nbsp; 191017 |
| Infotel SA | 342 | &nbsp;&nbsp;&nbsp; 14593 |
| Interparfums SA | 1532 | &nbsp;&nbsp;&nbsp; 41013 |
| Ipsen SA | 1478 | &nbsp;&nbsp;&nbsp; 277171 |

---

**BHFTII-101**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **France — (Continued)** | **France — (Continued)** | **France — (Continued)** |
| IPSOS SA | 5032 | &nbsp;&nbsp;&nbsp; $199099 |
| Jacquet Metals SACA (d) | 2477 | &nbsp;&nbsp;&nbsp; 58766 |
| JCDecaux SE | 13978 | &nbsp;&nbsp;&nbsp; 302265 |
| Kaufman & Broad SA | 3257 | &nbsp;&nbsp;&nbsp; 107770 |
| Laurent-Perrier (d) | 1255 | &nbsp;&nbsp;&nbsp; 119984 |
| LNA Sante SA | 1534 | &nbsp;&nbsp;&nbsp; 49642 |
| Maison Pommery & Associes SA | 958 | &nbsp;&nbsp;&nbsp; 11432 |
| Maisons du Monde SA (a) | 7475 | &nbsp;&nbsp;&nbsp; 12142 |
| Manitou BF SA | 2626 | &nbsp;&nbsp;&nbsp; 59156 |
| Mersen SA | 1657 | &nbsp;&nbsp;&nbsp; 43437 |
| Metropole Television SA | 6596 | &nbsp;&nbsp;&nbsp; 88079 |
| Nexans SA | 6484 | &nbsp;&nbsp;&nbsp; 877327 |
| Nexity SA (a) | 5941 | &nbsp;&nbsp;&nbsp; 55473 |
| North Atlantic Energies (d) | 625 | &nbsp;&nbsp;&nbsp; 47498 |
| NRJ Group (d) | 9690 | &nbsp;&nbsp;&nbsp; 76619 |
| Oeneo SA (d) | 2122 | &nbsp;&nbsp;&nbsp; 22667 |
| Opmobility | 12724 | &nbsp;&nbsp;&nbsp; 224586 |
| Pierre Et Vacances SA (a) | 6918 | &nbsp;&nbsp;&nbsp; 13077 |
| Quadient SA | 5402 | &nbsp;&nbsp;&nbsp; 67810 |
| Recylex SA (a) (b) (c) | 3335 | &nbsp;&nbsp;&nbsp; 0 |
| Remy Cointreau SA (d) | 693 | &nbsp;&nbsp;&nbsp; 29423 |
| Renault SA | 14516 | &nbsp;&nbsp;&nbsp; 492526 |
| Rexel SA | 43232 | &nbsp;&nbsp;&nbsp; 1690784 |
| Robertet SA | 43 | &nbsp;&nbsp;&nbsp; 40276 |
| Rubis SCA | 17077 | &nbsp;&nbsp;&nbsp; 683317 |
| Samse SACA | 107 | &nbsp;&nbsp;&nbsp; 14844 |
| Savencia SA | 1270 | &nbsp;&nbsp;&nbsp; 89125 |
| SCOR SE | 34667 | &nbsp;&nbsp;&nbsp; 1224785 |
| SEB SA | 1993 | &nbsp;&nbsp;&nbsp; 103195 |
| Seche Environnement SACA (d) | 605 | &nbsp;&nbsp;&nbsp; 56292 |
| SMCP SA (a) | 1230 | &nbsp;&nbsp;&nbsp; 7428 |
| Societe BIC SA | 4679 | &nbsp;&nbsp;&nbsp; 292627 |
| Societe LDC SADIR | 700 | &nbsp;&nbsp;&nbsp; 80718 |
| Sodexo SA | 1902 | &nbsp;&nbsp;&nbsp; 97638 |
| SOITEC (a) | 794 | &nbsp;&nbsp;&nbsp; 48491 |
| Sopra Steria Group | 3520 | &nbsp;&nbsp;&nbsp; 491399 |
| SPIE SA | 31212 | &nbsp;&nbsp;&nbsp; 1560647 |
| Stef SA | 757 | &nbsp;&nbsp;&nbsp; 102949 |
| Sword Group (d) | 1364 | &nbsp;&nbsp;&nbsp; 49176 |
| Synergie SE (d) | 3366 | &nbsp;&nbsp;&nbsp; 102265 |
| Technip Energies NV | 22685 | &nbsp;&nbsp;&nbsp; 953468 |
| Teleperformance SE (d) | 9401 | &nbsp;&nbsp;&nbsp; 552308 |
| Television Francaise 1 SA | 9749 | &nbsp;&nbsp;&nbsp; 78888 |
| Thermador Groupe (d) | 1459 | &nbsp;&nbsp;&nbsp; 120331 |
| Tikehau Capital SCA (d) | 7508 | &nbsp;&nbsp;&nbsp; 140997 |
| Trigano SA | 2175 | &nbsp;&nbsp;&nbsp; 360161 |
| Valeo SE | 36656 | &nbsp;&nbsp;&nbsp; 449164 |
| Vallourec SACA (d) | 37257 | &nbsp;&nbsp;&nbsp; 926140 |
| Vetoquinol SA | 376 | &nbsp;&nbsp;&nbsp; 34424 |
| Vicat SACA | 3936 | &nbsp;&nbsp;&nbsp; 287304 |
| VIEL & Cie SA | 4205 | &nbsp;&nbsp;&nbsp; 73093 |
| Virbac SACA | 307 | &nbsp;&nbsp;&nbsp; 126736 |
| Viridien (a) | 1557 | &nbsp;&nbsp;&nbsp; 238494 |
| Vivendi SE (a) | 63152 | &nbsp;&nbsp;&nbsp; 131834 |
| Voltalia SA (a) (d) | 4361 | &nbsp;&nbsp;&nbsp; 35574 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **France — (Continued)** | **France — (Continued)** | **France — (Continued)** |
| Wavestone | 126 | &nbsp;&nbsp;&nbsp; $6739 |
|  |  | &nbsp;&nbsp;&nbsp; 24268833 |
| **Georgia — 0.5%** | **Georgia — 0.5%** | **Georgia — 0.5%** |
| Georgia Capital PLC (a) | 7105 | &nbsp;&nbsp;&nbsp; 343979 |
| Lion Finance Group PLC | 9821 | &nbsp;&nbsp;&nbsp; 1218203 |
| TBC Bank Group PLC | 7218 | &nbsp;&nbsp;&nbsp; 391180 |
|  |  | &nbsp;&nbsp;&nbsp; 1953362 |
| **Germany — 5.8%** | **Germany — 5.8%** | **Germany — 5.8%** |
| 1&1 AG (d) | 9578 | &nbsp;&nbsp;&nbsp; 260716 |
| 7C Solarparken AG (a) | 9101 | &nbsp;&nbsp;&nbsp; 18513 |
| Adesso SE | 561 | &nbsp;&nbsp;&nbsp; 37509 |
| Adtran Networks SE | 908 | &nbsp;&nbsp;&nbsp; 23934 |
| All for One Group SE | 498 | &nbsp;&nbsp;&nbsp; 19497 |
| Allgeier SE (d) | 2090 | &nbsp;&nbsp;&nbsp; 40773 |
| Alzchem Group AG | 731 | &nbsp;&nbsp;&nbsp; 143354 |
| Amadeus Fire AG | 779 | &nbsp;&nbsp;&nbsp; 22105 |
| Aroundtown SA (a) | 165287 | &nbsp;&nbsp;&nbsp; 436384 |
| Atoss Software SE | 1982 | &nbsp;&nbsp;&nbsp; 175007 |
| Aurubis AG (d) | 6787 | &nbsp;&nbsp;&nbsp; 1176968 |
| Bechtle AG | 19131 | &nbsp;&nbsp;&nbsp; 646984 |
| Bertrandt AG (a) (d) | 1545 | &nbsp;&nbsp;&nbsp; 26497 |
| Bijou Brigitte AG | 1055 | &nbsp;&nbsp;&nbsp; 53674 |
| Bilfinger SE | 7883 | &nbsp;&nbsp;&nbsp; 892567 |
| Borussia Dortmund GmbH & Co. KGaA (d) | 18711 | &nbsp;&nbsp;&nbsp; 65551 |
| BRANICKS Group AG (a) (d) | 13461 | &nbsp;&nbsp;&nbsp; 21419 |
| Brenntag SE (d) | 9454 | &nbsp;&nbsp;&nbsp; 623743 |
| CANCOM SE | 2487 | &nbsp;&nbsp;&nbsp; 69432 |
| Ceconomy AG (a) | 32497 | &nbsp;&nbsp;&nbsp; 161260 |
| CENIT AG (a) | 3413 | &nbsp;&nbsp;&nbsp; 24700 |
| Cewe Stiftung & Co. KGaA | 1300 | &nbsp;&nbsp;&nbsp; 141051 |
| CTS Eventim AG & Co. KGaA (d) | 5258 | &nbsp;&nbsp;&nbsp; 301543 |
| &nbsp;&nbsp;&nbsp;&nbsp; Data Modul AG Produktion Und Vertrieb Von Elektronischen <br> Systemen<br>| 138 | &nbsp;&nbsp;&nbsp; 4378 |
| Dermapharm Holding SE (a) (d) | 3685 | &nbsp;&nbsp;&nbsp; 178891 |
| Deutsche Beteiligungs AG (d) | 2224 | &nbsp;&nbsp;&nbsp; 64833 |
| Deutsche EuroShop AG | 1221 | &nbsp;&nbsp;&nbsp; 28732 |
| Deutsche Pfandbriefbank AG (d) | 30601 | &nbsp;&nbsp;&nbsp; 104542 |
| Deutz AG | 26653 | &nbsp;&nbsp;&nbsp; 260734 |
| Draegerwerk AG & Co. KGaA | 705 | &nbsp;&nbsp;&nbsp; 55037 |
| Duerr AG | 11956 | &nbsp;&nbsp;&nbsp; 259089 |
| DWS Group GmbH & Co. KGaA | 3655 | &nbsp;&nbsp;&nbsp; 231353 |
| Eckert & Ziegler SE | 10434 | &nbsp;&nbsp;&nbsp; 175881 |
| Elmos Semiconductor SE | 1461 | &nbsp;&nbsp;&nbsp; 243443 |
| ElringKlinger AG | 6993 | &nbsp;&nbsp;&nbsp; 39899 |
| Energiekontor AG (d) | 880 | &nbsp;&nbsp;&nbsp; 38951 |
| Evonik Industries AG | 21658 | &nbsp;&nbsp;&nbsp; 419508 |
| Evotec SE (a) | 3625 | &nbsp;&nbsp;&nbsp; 17880 |
| Fielmann Group AG (d) | 6031 | &nbsp;&nbsp;&nbsp; 302689 |
| flatexDEGIRO SE | 12762 | &nbsp;&nbsp;&nbsp; 435538 |
| FORTEC Elektronik AG | 253 | &nbsp;&nbsp;&nbsp; 3614 |
| Fraport AG Frankfurt Airport Services Worldwide (a) | 8329 | &nbsp;&nbsp;&nbsp; 722602 |
| Freenet AG | 28407 | &nbsp;&nbsp;&nbsp; 866299 |
| Fresenius Medical Care AG | 4685 | &nbsp;&nbsp;&nbsp; 208442 |
| Friedrich Vorwerk Group SE | 938 | &nbsp;&nbsp;&nbsp; 76294 |

---

**BHFTII-102**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Germany — (Continued)** | **Germany — (Continued)** | **Germany — (Continued)** |
| FUCHS SE | 5602 | &nbsp;&nbsp;&nbsp; $192071 |
| GEA Group AG | 14834 | &nbsp;&nbsp;&nbsp; 1048325 |
| Gerresheimer AG (d) | 576 | &nbsp;&nbsp;&nbsp; 13099 |
| Gesco SE | 2953 | &nbsp;&nbsp;&nbsp; 47099 |
| GFT Technologies SE (d) | 3497 | &nbsp;&nbsp;&nbsp; 71456 |
| Grand City Properties SA (d) | 17052 | &nbsp;&nbsp;&nbsp; 177873 |
| Grenke AG | 1610 | &nbsp;&nbsp;&nbsp; 23486 |
| Hawesko Holding SE (d) | 223 | &nbsp;&nbsp;&nbsp; 5161 |
| Heidelberger Druckmaschinen AG (a) | 61130 | &nbsp;&nbsp;&nbsp; 94649 |
| HelloFresh SE (a) (d) | 8672 | &nbsp;&nbsp;&nbsp; 39318 |
| Hensoldt AG (d) | 11970 | &nbsp;&nbsp;&nbsp; 1039115 |
| Hoenle AG (a) (d) | 2084 | &nbsp;&nbsp;&nbsp; 20032 |
| Hornbach Holding AG & Co. KGaA | 2431 | &nbsp;&nbsp;&nbsp; 226052 |
| HUGO BOSS AG (d) | 8004 | &nbsp;&nbsp;&nbsp; 339220 |
| Indus Holding AG | 3250 | &nbsp;&nbsp;&nbsp; 99517 |
| Init Innovation in Traffic Systems SE (d) | 1552 | &nbsp;&nbsp;&nbsp; 71387 |
| Instone Real Estate Group SE | 7263 | &nbsp;&nbsp;&nbsp; 64770 |
| IVU Traffic Technologies AG | 1432 | &nbsp;&nbsp;&nbsp; 29813 |
| Jenoptik AG | 8078 | &nbsp;&nbsp;&nbsp; 265947 |
| JOST Werke SE | 3124 | &nbsp;&nbsp;&nbsp; 180077 |
| K&S AG (d) | 39216 | &nbsp;&nbsp;&nbsp; 738423 |
| KION Group AG | 13725 | &nbsp;&nbsp;&nbsp; 713070 |
| Koenig & Bauer AG (a) | 2020 | &nbsp;&nbsp;&nbsp; 18863 |
| Krones AG | 3288 | &nbsp;&nbsp;&nbsp; 437743 |
| KSB SE & Co. KGaA | 44 | &nbsp;&nbsp;&nbsp; 48876 |
| KWS Saat SE & Co. KGaA (d) | 2406 | &nbsp;&nbsp;&nbsp; 209275 |
| Lanxess AG (d) | 10947 | &nbsp;&nbsp;&nbsp; 237816 |
| LEG Immobilien SE | 14791 | &nbsp;&nbsp;&nbsp; 963266 |
| Leifheit AG | 2380 | &nbsp;&nbsp;&nbsp; 41084 |
| Medios AG (a) | 96 | &nbsp;&nbsp;&nbsp; 1335 |
| MLP SE | 19478 | &nbsp;&nbsp;&nbsp; 157576 |
| Mutares SE & Co. KGaA (d) | 1778 | &nbsp;&nbsp;&nbsp; 59010 |
| Nagarro SE (d) | 1067 | &nbsp;&nbsp;&nbsp; 58757 |
| Nemetschek SE | 836 | &nbsp;&nbsp;&nbsp; 61532 |
| Nordex SE (a) | 8541 | &nbsp;&nbsp;&nbsp; 449846 |
| Norma Group Se (a) (d) | 3073 | &nbsp;&nbsp;&nbsp; 58926 |
| Patrizia SE | 9361 | &nbsp;&nbsp;&nbsp; 75012 |
| Pentixapharm Holding AG (a) | 3291 | &nbsp;&nbsp;&nbsp; 6918 |
| Pfeiffer Vacuum Technology AG | 72 | &nbsp;&nbsp;&nbsp; 13738 |
| ProCredit Holding AG | 1061 | &nbsp;&nbsp;&nbsp; 8989 |
| Puma SE | 8666 | &nbsp;&nbsp;&nbsp; 220122 |
| PVA TePla AG (a) (d) | 2982 | &nbsp;&nbsp;&nbsp; 101683 |
| PWO AG | 822 | &nbsp;&nbsp;&nbsp; 22620 |
| Q Beyond Ag Konv Namens Aktien (a) | 4994 | &nbsp;&nbsp;&nbsp; 19640 |
| R Stahl AG (a) (d) | 1594 | &nbsp;&nbsp;&nbsp; 24937 |
| RENK Group AG | 2502 | &nbsp;&nbsp;&nbsp; 146570 |
| SAF-Holland SE | 9928 | &nbsp;&nbsp;&nbsp; 188068 |
| Salzgitter AG | 5398 | &nbsp;&nbsp;&nbsp; 227685 |
| Scout24 SE | 3462 | &nbsp;&nbsp;&nbsp; 265264 |
| Secunet Security Networks AG (d) | 391 | &nbsp;&nbsp;&nbsp; 79632 |
| SFC Energy AG (a) (d) | 802 | &nbsp;&nbsp;&nbsp; 13006 |
| SGL Carbon SE (a) | 8945 | &nbsp;&nbsp;&nbsp; 33867 |
| Siltronic AG | 738 | &nbsp;&nbsp;&nbsp; 44697 |
| Sixt SE | 3109 | &nbsp;&nbsp;&nbsp; 230744 |
| SMA Solar Technology AG (a) | 1529 | &nbsp;&nbsp;&nbsp; 80673 |
| Softwareone Holding AG | 13461 | &nbsp;&nbsp;&nbsp; 117088 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Germany — (Continued)** | **Germany — (Continued)** | **Germany — (Continued)** |
| Stabilus SE | 1865 | &nbsp;&nbsp;&nbsp; $33981 |
| STRATEC SE | 891 | &nbsp;&nbsp;&nbsp; 17564 |
| Stroeer SE & Co. KGaA | 5090 | &nbsp;&nbsp;&nbsp; 179202 |
| Suedzucker AG (d) | 14599 | &nbsp;&nbsp;&nbsp; 220343 |
| Surteco Group SE | 2209 | &nbsp;&nbsp;&nbsp; 26567 |
| SUSS MicroTec SE | 644 | &nbsp;&nbsp;&nbsp; 36745 |
| Symrise AG (d) | 8848 | &nbsp;&nbsp;&nbsp; 749146 |
| TAG Immobilien AG (d) | 43340 | &nbsp;&nbsp;&nbsp; 677827 |
| Takkt AG (d) | 2812 | &nbsp;&nbsp;&nbsp; 7908 |
| TeamViewer SE (a) | 6685 | &nbsp;&nbsp;&nbsp; 33636 |
| Technotrans SE | 1427 | &nbsp;&nbsp;&nbsp; 44532 |
| thyssenkrupp AG | 116223 | &nbsp;&nbsp;&nbsp; 1002470 |
| Tkms AG& Co. KGaA (a) | 964 | &nbsp;&nbsp;&nbsp; 87410 |
| TUI AG (d) | 58083 | &nbsp;&nbsp;&nbsp; 440503 |
| United Internet AG | 13280 | &nbsp;&nbsp;&nbsp; 421849 |
| Verbio SE (a) | 1497 | &nbsp;&nbsp;&nbsp; 79084 |
| Vossloh AG (d) | 2425 | &nbsp;&nbsp;&nbsp; 192070 |
| Wacker Chemie AG (d) | 2085 | &nbsp;&nbsp;&nbsp; 201981 |
| Wacker Neuson SE | 6415 | &nbsp;&nbsp;&nbsp; 135741 |
| Washtec AG | 3107 | &nbsp;&nbsp;&nbsp; 161940 |
| Westwing Group SE (a) | 395 | &nbsp;&nbsp;&nbsp; 6236 |
| Wuestenrot & Wuerttembergische AG | 4932 | &nbsp;&nbsp;&nbsp; 77565 |
| Zalando SE (a) (d) | 24162 | &nbsp;&nbsp;&nbsp; 578048 |
| Zeal Network SE | 469 | &nbsp;&nbsp;&nbsp; 26530 |
|  |  | &nbsp;&nbsp;&nbsp; 25785506 |
| **Greece — 0.0%** | **Greece — 0.0%** | **Greece — 0.0%** |
| Okeanis Eco Tankers Corp.  | 1944 | &nbsp;&nbsp;&nbsp; 101920 |
| **Greenland — 0.0%** | **Greenland — 0.0%** | **Greenland — 0.0%** |
| GronlandsBANKEN AS | 140 | &nbsp;&nbsp;&nbsp; 19608 |
| **Guernsey, Channel Islands — 0.0%** | **Guernsey, Channel Islands — 0.0%** | **Guernsey, Channel Islands — 0.0%** |
| Raven Property Group Ltd. (a) (b) (c) | 112611 | &nbsp;&nbsp;&nbsp; 0 |
| **Hong Kong — 1.9%** | **Hong Kong — 1.9%** | **Hong Kong — 1.9%** |
| Aeon Credit Service Asia Co. Ltd.  | 44000 | &nbsp;&nbsp;&nbsp; 45181 |
| Allied Group Ltd. (a) | 138000 | &nbsp;&nbsp;&nbsp; 48912 |
| APAC Resources Ltd.  | 94156 | &nbsp;&nbsp;&nbsp; 29915 |
| Apollo Future Mobility Group Ltd. (a) | 17400 | &nbsp;&nbsp;&nbsp; 1133 |
| Asia Financial Holdings Ltd.  | 88000 | &nbsp;&nbsp;&nbsp; 50502 |
| Asia Standard International Group Ltd. (a) | 296000 | &nbsp;&nbsp;&nbsp; 7521 |
| ASMPT Ltd.  | 19000 | &nbsp;&nbsp;&nbsp; 247815 |
| Associated International Hotels Ltd.  | 14000 | &nbsp;&nbsp;&nbsp; 9124 |
| Bank of East Asia Ltd.  | 110734 | &nbsp;&nbsp;&nbsp; 184746 |
| Bel Global Resources Holdings Ltd. (a) (b) (c) | 520000 | &nbsp;&nbsp;&nbsp; 0 |
| Bright Smart Securities & Commodities Group Ltd. (a) (d) | 98000 | &nbsp;&nbsp;&nbsp; 148018 |
| Brightoil Petroleum Holdings Ltd. (a) (b) (c) | 591000 | &nbsp;&nbsp;&nbsp; 0 |
| Build King Holdings Ltd.  | 160000 | &nbsp;&nbsp;&nbsp; 37386 |
| Burwill Holdings Ltd. (a) (b) (c) | 1566000 | &nbsp;&nbsp;&nbsp; 0 |
| Cafe de Coral Holdings Ltd.  | 82000 | &nbsp;&nbsp;&nbsp; 44948 |
| Chen Hsong Holdings | 150000 | &nbsp;&nbsp;&nbsp; 30954 |
| Cheuk Nang Holdings Ltd.  | 108566 | &nbsp;&nbsp;&nbsp; 17580 |
| Chevalier International Holdings Ltd.  | 75139 | &nbsp;&nbsp;&nbsp; 39480 |
| China Motor Bus Co. Ltd.  | 4800 | &nbsp;&nbsp;&nbsp; 34396 |
| China Solar (a) (b) (c) | 162000 | &nbsp;&nbsp;&nbsp; 0 |
| China Star Entertainment Ltd. (a) | 378000 | &nbsp;&nbsp;&nbsp; 303515 |

---

**BHFTII-103**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Hong Kong — (Continued)** | **Hong Kong — (Continued)** | **Hong Kong — (Continued)** |
| Chinese Estates Holdings Ltd.  | 151000 | &nbsp;&nbsp;&nbsp; $22966 |
| Chow Sang Sang Holdings International Ltd.  | 70000 | &nbsp;&nbsp;&nbsp; 124931 |
| Chuang's Consortium International Ltd. (a) | 382357 | &nbsp;&nbsp;&nbsp; 14141 |
| CK Life Sciences International Holdings, Inc. (a) (d) | 304000 | &nbsp;&nbsp;&nbsp; 26416 |
| C-Mer Medical Holdings Ltd.  | 74000 | &nbsp;&nbsp;&nbsp; 12224 |
| Convoy, Inc. (a) (b) (c) | 1314000 | &nbsp;&nbsp;&nbsp; 5245 |
| Cowell e Holdings, Inc. (a) (d) | 39000 | &nbsp;&nbsp;&nbsp; 129606 |
| Crystal International Group Ltd.  | 29500 | &nbsp;&nbsp;&nbsp; 22162 |
| CSC Holdings Ltd. (a) | 4927500 | &nbsp;&nbsp;&nbsp; 15945 |
| CSI Properties Ltd. (a) | 3183630 | &nbsp;&nbsp;&nbsp; 85834 |
| CTF Services Ltd.  | 199414 | &nbsp;&nbsp;&nbsp; 200754 |
| CW Group Holdings Ltd. (a) (b) (c) | 106000 | &nbsp;&nbsp;&nbsp; 0 |
| Dah Sing Banking Group Ltd.  | 81471 | &nbsp;&nbsp;&nbsp; 126643 |
| Dah Sing Financial Holdings Ltd.  | 34660 | &nbsp;&nbsp;&nbsp; 179207 |
| DFI Retail Group Holdings Ltd.  | 5900 | &nbsp;&nbsp;&nbsp; 24826 |
| Dickson Concepts International Ltd.  | 87500 | &nbsp;&nbsp;&nbsp; 70121 |
| DMX Technologies Group Ltd. (a) (b) (c) | 186000 | &nbsp;&nbsp;&nbsp; 0 |
| Eagle Nice International Holdings Ltd.  | 80000 | &nbsp;&nbsp;&nbsp; 32340 |
| EC Healthcare (a) | 59000 | &nbsp;&nbsp;&nbsp; 3499 |
| EcoGreen International Group Ltd. (a) (b) (c) | 118800 | &nbsp;&nbsp;&nbsp; 5398 |
| Emperor Watch & Jewellery Ltd.  | 960000 | &nbsp;&nbsp;&nbsp; 36920 |
| ENM Holdings Ltd. (a) | 412000 | &nbsp;&nbsp;&nbsp; 22051 |
| Esprit Holdings Ltd. (a) | 50427 | &nbsp;&nbsp;&nbsp; 5956 |
| Fairwood Holdings Ltd.  | 26500 | &nbsp;&nbsp;&nbsp; 13834 |
| Far East Consortium International Ltd. (a) | 394956 | &nbsp;&nbsp;&nbsp; 39443 |
| Genting Hong Kong Ltd. (a) (b) (c) | 327000 | &nbsp;&nbsp;&nbsp; 0 |
| Get Nice Holdings Ltd.  | 20800 | &nbsp;&nbsp;&nbsp; 8154 |
| Giordano International Ltd.  | 270000 | &nbsp;&nbsp;&nbsp; 50347 |
| Glorious Sun Enterprises Ltd.  | 393000 | &nbsp;&nbsp;&nbsp; 69825 |
| Gold Financial Holdings Ltd. (a) (b) (c) | 214000 | &nbsp;&nbsp;&nbsp; 0 |
| Gold Peak Technology Group Ltd.  | 277714 | &nbsp;&nbsp;&nbsp; 25135 |
| Golden Resources Development International Ltd.  | 264000 | &nbsp;&nbsp;&nbsp; 11831 |
| Good Resources Holdings, Ltd. (a) (b) (c) | 420000 | &nbsp;&nbsp;&nbsp; 0 |
| GR Life Style Co. Ltd. (a) | 16000 | &nbsp;&nbsp;&nbsp; 5495 |
| Great Eagle Holdings Ltd.  | 34491 | &nbsp;&nbsp;&nbsp; 72788 |
| G-Resources Group Ltd.  | 44180 | &nbsp;&nbsp;&nbsp; 60707 |
| Guoco Group Ltd.  | 1000 | &nbsp;&nbsp;&nbsp; 8666 |
| Guotai Junan International Holdings Ltd. (d) | 310600 | &nbsp;&nbsp;&nbsp; 93588 |
| Hang Lung Group Ltd.  | 144000 | &nbsp;&nbsp;&nbsp; 274256 |
| Hang Lung Properties Ltd.  | 94092 | &nbsp;&nbsp;&nbsp; 105709 |
| Harbour Centre Development Ltd.  | 88000 | &nbsp;&nbsp;&nbsp; 49941 |
| HK AI Capital Ltd. (a) | 284000 | &nbsp;&nbsp;&nbsp; 6087 |
| HKR International Ltd. (a) | 343680 | &nbsp;&nbsp;&nbsp; 51445 |
| Hon Kwok Land Investment Co. Ltd.  | 140000 | &nbsp;&nbsp;&nbsp; 16962 |
| Hong Kong Ferry Holdings Co. Ltd.  | 39000 | &nbsp;&nbsp;&nbsp; 24909 |
| Hong Kong Technology Venture Co. Ltd.  | 52296 | &nbsp;&nbsp;&nbsp; 8687 |
| Hongkong & Shanghai Hotels Ltd. (a) | 95902 | &nbsp;&nbsp;&nbsp; 72576 |
| HSIN Chong Group Holdings Ltd. (a) (b) (c) | 918000 | &nbsp;&nbsp;&nbsp; 0 |
| Hung Hing Printing Group Ltd.  | 252000 | &nbsp;&nbsp;&nbsp; 27935 |
| Hutchison Port Holdings Trust | 909200 | &nbsp;&nbsp;&nbsp; 186548 |
| Hutchison Telecommunications Hong Kong Holdings Ltd.  | 258000 | &nbsp;&nbsp;&nbsp; 38630 |
| Hysan Development Co. Ltd.  | 112000 | &nbsp;&nbsp;&nbsp; 272711 |
| International Housewares Retail Co. Ltd.  | 105000 | &nbsp;&nbsp;&nbsp; 10212 |
| IPE Group Ltd. (a) | 285000 | &nbsp;&nbsp;&nbsp; 21740 |
| Jacobson Pharma Corp. Ltd.  | 90000 | &nbsp;&nbsp;&nbsp; 13972 |
| Johnson Electric Holdings Ltd.  | 67691 | &nbsp;&nbsp;&nbsp; 203316 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Hong Kong — (Continued)** | **Hong Kong — (Continued)** | **Hong Kong — (Continued)** |
| Joy Faith Investment Ltd. (a) (b) (c) | 420000 | &nbsp;&nbsp;&nbsp; $0 |
| K Wah International Holdings Ltd.  | 172000 | &nbsp;&nbsp;&nbsp; 48758 |
| Karrie International Holdings Ltd.  | 140000 | &nbsp;&nbsp;&nbsp; 39259 |
| Keck Seng Investments Hong Kong Ltd.  | 72000 | &nbsp;&nbsp;&nbsp; 21136 |
| Kerry Properties Ltd.  | 102000 | &nbsp;&nbsp;&nbsp; 285957 |
| Kowloon Development Co. Ltd.  | 137655 | &nbsp;&nbsp;&nbsp; 76268 |
| Lai Sun Development Co. Ltd. (a) | 111919 | &nbsp;&nbsp;&nbsp; 8838 |
| Lai Sun Garment International Ltd. (a) | 62634 | &nbsp;&nbsp;&nbsp; 4860 |
| Lam Soon Hong Kong Ltd.  | 15000 | &nbsp;&nbsp;&nbsp; 24295 |
| &nbsp;&nbsp;&nbsp;&nbsp; Langham Hospitality Investments & Langham Hospitality <br> Investments Ltd. <br>| 211998 | &nbsp;&nbsp;&nbsp; 15428 |
| Lerthai Group Ltd. (a) (b) (c) | 18000 | &nbsp;&nbsp;&nbsp; 0 |
| Liu Chong Hing Investment Ltd.  | 78000 | &nbsp;&nbsp;&nbsp; 46780 |
| Luk Fook Holdings International Ltd.  | 62000 | &nbsp;&nbsp;&nbsp; 187117 |
| Man Wah Holdings Ltd.  | 240800 | &nbsp;&nbsp;&nbsp; 133303 |
| Melco International Development Ltd. (a) | 49499 | &nbsp;&nbsp;&nbsp; 23180 |
| MH Development NPV (a) (b) (c) | 124000 | &nbsp;&nbsp;&nbsp; 0 |
| Midland Holdings Ltd. (a) | 100010 | &nbsp;&nbsp;&nbsp; 35814 |
| Miramar Hotel & Investment | 51000 | &nbsp;&nbsp;&nbsp; 69541 |
| Modern Dental Group Ltd.  | 79000 | &nbsp;&nbsp;&nbsp; 62241 |
| Nameson Holdings Ltd.  | 130000 | &nbsp;&nbsp;&nbsp; 16662 |
| New World Development Co. Ltd. (a) | 167000 | &nbsp;&nbsp;&nbsp; 172616 |
| NewOcean Energy Holdings Ltd. (a) (b) (c) | 398000 | &nbsp;&nbsp;&nbsp; 0 |
| Nissin Foods Co. Ltd.  | 47000 | &nbsp;&nbsp;&nbsp; 43239 |
| Oriental Watch Holdings | 96484 | &nbsp;&nbsp;&nbsp; 40699 |
| Oshidori International Holdings Ltd. (a) | 1068000 | &nbsp;&nbsp;&nbsp; 235419 |
| Pacific Andes International Holdings Ltd. (a) (b) (c) | 1819984 | &nbsp;&nbsp;&nbsp; 0 |
| Pacific Basin Shipping Ltd.  | 809000 | &nbsp;&nbsp;&nbsp; 299122 |
| Pacific Textiles Holdings Ltd.  | 194000 | &nbsp;&nbsp;&nbsp; 26856 |
| Paradise Entertainment Ltd.  | 48000 | &nbsp;&nbsp;&nbsp; 2741 |
| PAX Global Technology Ltd.  | 20000 | &nbsp;&nbsp;&nbsp; 10948 |
| PCCW Ltd.  | 259582 | &nbsp;&nbsp;&nbsp; 192043 |
| Perfect Medical Health Management Ltd.  | 108000 | &nbsp;&nbsp;&nbsp; 15439 |
| Pico Far East Holdings Ltd.  | 178000 | &nbsp;&nbsp;&nbsp; 56506 |
| Playmates Holdings Ltd.  | 460000 | &nbsp;&nbsp;&nbsp; 29957 |
| Plover Bay Technologies Ltd.  | 17000 | &nbsp;&nbsp;&nbsp; 15552 |
| Public Financial Holdings Ltd.  | 166000 | &nbsp;&nbsp;&nbsp; 30660 |
| Regina Miracle International Holdings Ltd.  | 71000 | &nbsp;&nbsp;&nbsp; 18045 |
| SAS Dragon Holdings Ltd.  | 140000 | &nbsp;&nbsp;&nbsp; 82698 |
| SEA Holdings Ltd.  | 63896 | &nbsp;&nbsp;&nbsp; 11164 |
| Shun Tak Holdings Ltd. (a) | 379500 | &nbsp;&nbsp;&nbsp; 28038 |
| Singamas Container Holdings Ltd.  | 388000 | &nbsp;&nbsp;&nbsp; 30852 |
| SmarTone Telecommunications Holdings Ltd.  | 66888 | &nbsp;&nbsp;&nbsp; 43625 |
| Soundwill Holdings Ltd. (a) | 41500 | &nbsp;&nbsp;&nbsp; 36022 |
| Stella International Holdings Ltd.  | 119000 | &nbsp;&nbsp;&nbsp; 216443 |
| Sun Hung Kai & Co. Ltd.  | 106440 | &nbsp;&nbsp;&nbsp; 57896 |
| SUNeVision Holdings Ltd. (d) | 133000 | &nbsp;&nbsp;&nbsp; 95463 |
| TAI Cheung Holdings Ltd.  | 192000 | &nbsp;&nbsp;&nbsp; 95102 |
| Tan Chong International Ltd.  | 63000 | &nbsp;&nbsp;&nbsp; 12212 |
| Television Broadcasts Ltd. (a) (d) | 97700 | &nbsp;&nbsp;&nbsp; 34846 |
| Texwinca Holdings Ltd.  | 134000 | &nbsp;&nbsp;&nbsp; 20603 |
| Tradelink Electronic Commerce Ltd.  | 256000 | &nbsp;&nbsp;&nbsp; 35912 |
| Transport International Holdings Ltd.  | 45961 | &nbsp;&nbsp;&nbsp; 62479 |
| United Laboratories International Holdings Ltd. (d) | 201000 | &nbsp;&nbsp;&nbsp; 247970 |
| Upbest Group Ltd.  | 16000 | &nbsp;&nbsp;&nbsp; 1347 |
| Value Partners Group Ltd.  | 215000 | &nbsp;&nbsp;&nbsp; 54505 |

---

**BHFTII-104**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Hong Kong — (Continued)** | **Hong Kong — (Continued)** | **Hong Kong — (Continued)** |
| Valuetronics Holdings Ltd.  | 71690 | &nbsp;&nbsp;&nbsp; $49743 |
| Vedan International Holdings Ltd.  | 296000 | &nbsp;&nbsp;&nbsp; 27557 |
| Vitasoy International Holdings Ltd. (d) | 124000 | &nbsp;&nbsp;&nbsp; 98620 |
| VTech Holdings Ltd.  | 31800 | &nbsp;&nbsp;&nbsp; 240180 |
| Wang On Group Ltd. (a) | 2200000 | &nbsp;&nbsp;&nbsp; 5938 |
| Wing On Co. International Ltd.  | 46000 | &nbsp;&nbsp;&nbsp; 83529 |
| Wing Tai Properties Ltd.  | 176000 | &nbsp;&nbsp;&nbsp; 48102 |
| Yue Yuen Industrial Holdings Ltd.  | 143500 | &nbsp;&nbsp;&nbsp; 280307 |
| Yunfeng Financial Group Ltd. (a) (d) | 34000 | &nbsp;&nbsp;&nbsp; 12157 |
|  |  | &nbsp;&nbsp;&nbsp; 8596349 |
| **Indonesia — 0.2%** | **Indonesia — 0.2%** | **Indonesia — 0.2%** |
| First Pacific Co. Ltd.  | 434000 | &nbsp;&nbsp;&nbsp; 304733 |
| First Resources Ltd.  | 78300 | &nbsp;&nbsp;&nbsp; 176412 |
| Gallant Venture Ltd. (a) | 257900 | &nbsp;&nbsp;&nbsp; 11387 |
| Golden Agri-Resources Ltd.  | 1125500 | &nbsp;&nbsp;&nbsp; 268103 |
| Nickel Industries Ltd. (a) | 203875 | &nbsp;&nbsp;&nbsp; 127032 |
|  |  | &nbsp;&nbsp;&nbsp; 887667 |
| **Iraq — 0.0%** | **Iraq — 0.0%** | **Iraq — 0.0%** |
| Genel Energy PLC (a) | 25050 | &nbsp;&nbsp;&nbsp; 17835 |
| Gulf Keystone Petroleum Ltd.  | 39254 | &nbsp;&nbsp;&nbsp; 110779 |
|  |  | &nbsp;&nbsp;&nbsp; 128614 |
| **Ireland — 0.5%** | **Ireland — 0.5%** | **Ireland — 0.5%** |
| C&C Group PLC | 79998 | &nbsp;&nbsp;&nbsp; 119525 |
| Cairn Homes PLC | 80021 | &nbsp;&nbsp;&nbsp; 195819 |
| COSMO Pharmaceuticals NV | 823 | &nbsp;&nbsp;&nbsp; 87021 |
| FBD Holdings PLC | 6357 | &nbsp;&nbsp;&nbsp; 120639 |
| Glanbia PLC | 36185 | &nbsp;&nbsp;&nbsp; 712049 |
| Glenveagh Properties PLC (a) | 61605 | &nbsp;&nbsp;&nbsp; 137991 |
| Greencore Group PLC | 120709 | &nbsp;&nbsp;&nbsp; 388193 |
| Hostelworld Group PLC | 8529 | &nbsp;&nbsp;&nbsp; 11435 |
| Irish Continental Group PLC | 18974 | &nbsp;&nbsp;&nbsp; 139559 |
| Kerry Group PLC - Class A | 1660 | &nbsp;&nbsp;&nbsp; 131465 |
| Permanent TSB Group Holdings PLC (a) | 15086 | &nbsp;&nbsp;&nbsp; 51244 |
|  |  | &nbsp;&nbsp;&nbsp; 2094940 |
| **Isle of Man — 0.0%** | **Isle of Man — 0.0%** | **Isle of Man — 0.0%** |
| Strix Group PLC (a) | 15100 | &nbsp;&nbsp;&nbsp; 7353 |
| **Israel — 1.1%** | **Israel — 1.1%** | **Israel — 1.1%** |
| Adgar Investment & Development Ltd. (a) | 11788 | &nbsp;&nbsp;&nbsp; 16412 |
| Afcon Holdings Ltd.  | 465 | &nbsp;&nbsp;&nbsp; 60260 |
| AFI Properties Ltd. (a) | 319 | &nbsp;&nbsp;&nbsp; 22133 |
| Africa Israel Residences Ltd.  | 880 | &nbsp;&nbsp;&nbsp; 67093 |
| Alrov Properties & Lodgings Ltd.  | 1801 | &nbsp;&nbsp;&nbsp; 151744 |
| Arad Ltd.  | 2224 | &nbsp;&nbsp;&nbsp; 31876 |
| AudioCodes Ltd.  | 1 | &nbsp;&nbsp;&nbsp; 5 |
| Avgol Industries 1953 Ltd. (a) | 27883 | &nbsp;&nbsp;&nbsp; 10528 |
| Azorim-Investment Development & Construction Co. Ltd. (a) | 8417 | &nbsp;&nbsp;&nbsp; 50411 |
| Blue Square Real Estate Ltd.  | 785 | &nbsp;&nbsp;&nbsp; 97277 |
| Carasso Motors Ltd. (a) | 5984 | &nbsp;&nbsp;&nbsp; 57649 |
| Cellcom Israel Ltd.  | 8345 | &nbsp;&nbsp;&nbsp; 90302 |
| Ceragon Networks Ltd. (a) (d) | 14799 | &nbsp;&nbsp;&nbsp; 31966 |
| Danel Adir Yeoshua Ltd.  | 1006 | &nbsp;&nbsp;&nbsp; 142669 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Israel — (Continued)** | **Israel — (Continued)** | **Israel — (Continued)** |
| Delek Automotive Systems Ltd.  | 2468 | &nbsp;&nbsp;&nbsp; $15902 |
| Delta Galil Ltd.  | 700 | &nbsp;&nbsp;&nbsp; 36440 |
| Dor Alon Energy in Israel 1988 Ltd.  | 1540 | &nbsp;&nbsp;&nbsp; 102395 |
| Electra Consumer Products 1970 Ltd.  | 1793 | &nbsp;&nbsp;&nbsp; 42670 |
| Energean PLC (d) | 27001 | &nbsp;&nbsp;&nbsp; 308739 |
| Equital Ltd. (a) | 1117 | &nbsp;&nbsp;&nbsp; 47321 |
| FMS Enterprises Migun Ltd.  | 864 | &nbsp;&nbsp;&nbsp; 71307 |
| Fox Wizel Ltd.  | 908 | &nbsp;&nbsp;&nbsp; 78257 |
| Gilat Satellite Networks Ltd. (a) | 9844 | &nbsp;&nbsp;&nbsp; 148753 |
| Globrands Ltd.  | 93 | &nbsp;&nbsp;&nbsp; 8314 |
| IDI Insurance Co. Ltd.  | 1564 | &nbsp;&nbsp;&nbsp; 104041 |
| IES Holdings Ltd. (a) | 569 | &nbsp;&nbsp;&nbsp; 99252 |
| Ilex Medical Ltd.  | 959 | &nbsp;&nbsp;&nbsp; 18698 |
| Inrom Construction Industries Ltd.  | 17580 | &nbsp;&nbsp;&nbsp; 138337 |
| Isracard Ltd.  | 22812 | &nbsp;&nbsp;&nbsp; 101467 |
| Isras Investment Co. Ltd.  | 188 | &nbsp;&nbsp;&nbsp; 48199 |
| Issta Ltd.  | 1175 | &nbsp;&nbsp;&nbsp; 38833 |
| Kamada Ltd.  | 5054 | &nbsp;&nbsp;&nbsp; 41972 |
| Kardan Real Estate Enterprise & Development Ltd.  | 9389 | &nbsp;&nbsp;&nbsp; 16569 |
| Kerur Holdings Ltd.  | 2088 | &nbsp;&nbsp;&nbsp; 57093 |
| Klil Industries Ltd.  | 315 | &nbsp;&nbsp;&nbsp; 18741 |
| Kvutzat Acro Ltd.  | 1501 | &nbsp;&nbsp;&nbsp; 20290 |
| Lahav L.R. Real Estate Ltd.  | 7734 | &nbsp;&nbsp;&nbsp; 26628 |
| Land Development Nimrodi Group Ltd.  | 3950 | &nbsp;&nbsp;&nbsp; 43333 |
| Lapidoth Capital Ltd.  | 607 | &nbsp;&nbsp;&nbsp; 17212 |
| M Yochananof & Sons Ltd.  | 586 | &nbsp;&nbsp;&nbsp; 67484 |
| Malam - Team Ltd. (a) | 1160 | &nbsp;&nbsp;&nbsp; 30273 |
| Max Stock Ltd.  | 4536 | &nbsp;&nbsp;&nbsp; 38486 |
| Mediterranean Towers Ltd.  | 19316 | &nbsp;&nbsp;&nbsp; 102711 |
| Meitav Investment House Ltd.  | 10041 | &nbsp;&nbsp;&nbsp; 352493 |
| Meshulam Levinstein Contracting & Engineering Ltd.  | 255 | &nbsp;&nbsp;&nbsp; 38604 |
| Mivtach Shamir Holdings Ltd.  | 906 | &nbsp;&nbsp;&nbsp; 107921 |
| Mizrahi Tefahot Bank Ltd.  | 1 | &nbsp;&nbsp;&nbsp; 67 |
| Nawi Group Ltd.  | 2775 | &nbsp;&nbsp;&nbsp; 45796 |
| Neto Malinda Trading Ltd.  | 783 | &nbsp;&nbsp;&nbsp; 38342 |
| Neto ME Holdings Ltd. (a) | 492 | &nbsp;&nbsp;&nbsp; 41178 |
| Nexxen International Ltd. (a) (d) | 7429 | &nbsp;&nbsp;&nbsp; 48437 |
| Novolog Ltd.  | 43939 | &nbsp;&nbsp;&nbsp; 13970 |
| Oil Refineries Ltd. (a) | 258232 | &nbsp;&nbsp;&nbsp; 111001 |
| Perion Network Ltd. (a) | 2894 | &nbsp;&nbsp;&nbsp; 29344 |
| Plasson Industries Ltd.  | 507 | &nbsp;&nbsp;&nbsp; 25087 |
| Plus500 Ltd.  | 14975 | &nbsp;&nbsp;&nbsp; 808451 |
| Polyram Plastic Industries Ltd.  | 3415 | &nbsp;&nbsp;&nbsp; 9277 |
| Prashkovsky Investments & Construction Ltd. (a) | 569 | &nbsp;&nbsp;&nbsp; 26562 |
| Priortech Ltd. (a) | 131 | &nbsp;&nbsp;&nbsp; 10811 |
| Qualitau Ltd.  | 607 | &nbsp;&nbsp;&nbsp; 101383 |
| Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.  | 1570 | &nbsp;&nbsp;&nbsp; 188238 |
| Sano-Brunos Enterprises Ltd.  | 46 | &nbsp;&nbsp;&nbsp; 5640 |
| Scope Metals Group Ltd.  | 1374 | &nbsp;&nbsp;&nbsp; 85039 |
| Shikun & Binui Soltec Renewable Energy (a) | 15758 | &nbsp;&nbsp;&nbsp; 16176 |
| Summit Real Estate Holdings Ltd. (REIT) | 4460 | &nbsp;&nbsp;&nbsp; 76604 |
| Suny Cellular Communication Ltd.  | 16495 | &nbsp;&nbsp;&nbsp; 6881 |
| Tadiran Group Ltd.  | 279 | &nbsp;&nbsp;&nbsp; 17645 |
| Tamar Petroleum Ltd.  | 3762 | &nbsp;&nbsp;&nbsp; 42036 |
| Telsys Ltd.  | 1 | &nbsp;&nbsp;&nbsp; 77 |
| Veridis Environment Ltd. (a) | 3156 | &nbsp;&nbsp;&nbsp; 39109 |

---

**BHFTII-105**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Israel — (Continued)** | **Israel — (Continued)** | **Israel — (Continued)** |
| Victory Supermarket Chain Ltd.  | 589 | &nbsp;&nbsp;&nbsp; $10113 |
| YD More Investments Ltd.  | 3237 | &nbsp;&nbsp;&nbsp; 36401 |
|  |  | &nbsp;&nbsp;&nbsp; 5052725 |
| **Italy — 3.4%** | **Italy — 3.4%** | **Italy — 3.4%** |
| A2A SpA | 313625 | &nbsp;&nbsp;&nbsp; 888954 |
| Abitare In SpA (a) | 2488 | &nbsp;&nbsp;&nbsp; 7821 |
| ACEA SpA | 10339 | &nbsp;&nbsp;&nbsp; 267761 |
| Amplifon SpA | 4705 | &nbsp;&nbsp;&nbsp; 51347 |
| Ariston Holding NV | 3301 | &nbsp;&nbsp;&nbsp; 14141 |
| Arnoldo Mondadori Editore SpA | 30273 | &nbsp;&nbsp;&nbsp; 70105 |
| Ascopiave SpA | 16968 | &nbsp;&nbsp;&nbsp; 66853 |
| Azimut Holding SpA | 24097 | &nbsp;&nbsp;&nbsp; 915330 |
| Banca Generali SpA | 12644 | &nbsp;&nbsp;&nbsp; 753946 |
| Banca IFIS SpA | 4675 | &nbsp;&nbsp;&nbsp; 114649 |
| Banca Profilo SpA (d) | 66282 | &nbsp;&nbsp;&nbsp; 11508 |
| Banca Sistema SpA (a) (d) | 13168 | &nbsp;&nbsp;&nbsp; 26174 |
| Banco di Desio e della Brianza SpA | 5946 | &nbsp;&nbsp;&nbsp; 59549 |
| BFF Bank SpA (a) | 20564 | &nbsp;&nbsp;&nbsp; 34561 |
| Brembo NV | 20302 | &nbsp;&nbsp;&nbsp; 193061 |
| Brunello Cucinelli SpA (d) | 3731 | &nbsp;&nbsp;&nbsp; 325253 |
| Cairo Communication SpA (a) | 13212 | &nbsp;&nbsp;&nbsp; 39409 |
| Cembre SpA | 248 | &nbsp;&nbsp;&nbsp; 19072 |
| CIR SpA-Compagnie Industriali (a) | 120339 | &nbsp;&nbsp;&nbsp; 94252 |
| Credito Emiliano SpA | 13793 | &nbsp;&nbsp;&nbsp; 234275 |
| d'Amico International Shipping SA | 6853 | &nbsp;&nbsp;&nbsp; 59700 |
| Danieli & C Officine Meccaniche SpA (d) | 2437 | &nbsp;&nbsp;&nbsp; 168197 |
| Davide Campari-Milano NV | 16106 | &nbsp;&nbsp;&nbsp; 114710 |
| doValue SpA (a) (d) | 13535 | &nbsp;&nbsp;&nbsp; 31543 |
| Emak SpA | 23063 | &nbsp;&nbsp;&nbsp; 22268 |
| Enav SpA | 38399 | &nbsp;&nbsp;&nbsp; 230785 |
| Equita Group SpA | 2498 | &nbsp;&nbsp;&nbsp; 16463 |
| ERG SpA | 916 | &nbsp;&nbsp;&nbsp; 23439 |
| Esprinet SpA | 5413 | &nbsp;&nbsp;&nbsp; 30976 |
| Fila SpA | 5412 | &nbsp;&nbsp;&nbsp; 58126 |
| Fincantieri SpA (a) | 16235 | &nbsp;&nbsp;&nbsp; 248357 |
| FNM SpA | 37788 | &nbsp;&nbsp;&nbsp; 20365 |
| Garofalo Health Care SpA | 4060 | &nbsp;&nbsp;&nbsp; 21631 |
| Hera SpA | 175724 | &nbsp;&nbsp;&nbsp; 814635 |
| IMMSI SpA (d) | 35223 | &nbsp;&nbsp;&nbsp; 19155 |
| Intercos SpA | 533 | &nbsp;&nbsp;&nbsp; 7705 |
| Iren SpA | 127597 | &nbsp;&nbsp;&nbsp; 363481 |
| Italgas SpA | 135824 | &nbsp;&nbsp;&nbsp; 1582028 |
| Italmobiliare SpA | 3032 | &nbsp;&nbsp;&nbsp; 93580 |
| Iveco Group NV | 40291 | &nbsp;&nbsp;&nbsp; 893800 |
| Lottomatica Group SpA | 15838 | &nbsp;&nbsp;&nbsp; 457151 |
| LU-VE SpA | 1991 | &nbsp;&nbsp;&nbsp; 91386 |
| Maire SpA | 32403 | &nbsp;&nbsp;&nbsp; 505680 |
| MARR SpA (d) | 2278 | &nbsp;&nbsp;&nbsp; 20093 |
| MFE-MediaForEurope NV - Class A | 36806 | &nbsp;&nbsp;&nbsp; 110523 |
| MFE-MediaForEurope NV - Class A (d) | 44716 | &nbsp;&nbsp;&nbsp; 130555 |
| MFE-MediaForEurope NV - Class B | 12808 | &nbsp;&nbsp;&nbsp; 49338 |
| Moltiply Group SpA | 2920 | &nbsp;&nbsp;&nbsp; 106918 |
| NewPrinces SpA (a) | 1806 | &nbsp;&nbsp;&nbsp; 43828 |
| Nexi SpA (d) | 57765 | &nbsp;&nbsp;&nbsp; 215060 |
| Orsero SpA | 814 | &nbsp;&nbsp;&nbsp; 14210 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Italy — (Continued)** | **Italy — (Continued)** | **Italy — (Continued)** |
| OVS SpA | 32456 | &nbsp;&nbsp;&nbsp; $168511 |
| Pharmanutra SpA | 826 | &nbsp;&nbsp;&nbsp; 75405 |
| Piaggio & C SpA (d) | 13551 | &nbsp;&nbsp;&nbsp; 24271 |
| Pirelli & C SpA | 71853 | &nbsp;&nbsp;&nbsp; 494814 |
| RAI Way SpA | 21468 | &nbsp;&nbsp;&nbsp; 145373 |
| Recordati Industria Chimica e Farmaceutica SpA | 4723 | &nbsp;&nbsp;&nbsp; 268666 |
| Reply SpA | 2398 | &nbsp;&nbsp;&nbsp; 223650 |
| Rizzoli Corriere Della Sera Mediagroup SpA | 25276 | &nbsp;&nbsp;&nbsp; 27732 |
| Sabaf SpA | 3059 | &nbsp;&nbsp;&nbsp; 49494 |
| Safilo Group SpA (a) | 12212 | &nbsp;&nbsp;&nbsp; 24337 |
| Saipem SpA (d) | 282320 | &nbsp;&nbsp;&nbsp; 1291101 |
| Salvatore Ferragamo SpA (a) | 3759 | &nbsp;&nbsp;&nbsp; 30331 |
| Sanlorenzo SpA (d) | 1764 | &nbsp;&nbsp;&nbsp; 63334 |
| Sesa SpA | 1039 | &nbsp;&nbsp;&nbsp; 95901 |
| Sogefi SpA | 8023 | &nbsp;&nbsp;&nbsp; 17743 |
| SOL SpA | 8112 | &nbsp;&nbsp;&nbsp; 555549 |
| Tamburi Investment Partners SpA (d) | 20113 | &nbsp;&nbsp;&nbsp; 182011 |
| Technogym SpA | 23670 | &nbsp;&nbsp;&nbsp; 479695 |
| TXT e-solutions SpA | 388 | &nbsp;&nbsp;&nbsp; 13408 |
| Uni Land SpA (a) (b) (c) | 4937 | &nbsp;&nbsp;&nbsp; 0 |
| Webuild SpA (d) | 70140 | &nbsp;&nbsp;&nbsp; 186421 |
| Wiit SpA | 697 | &nbsp;&nbsp;&nbsp; 21169 |
|  |  | &nbsp;&nbsp;&nbsp; 15192623 |
| **Japan — 23.1%** | **Japan — 23.1%** | **Japan — 23.1%** |
| &Do Holdings Co. Ltd.  | 1400 | &nbsp;&nbsp;&nbsp; 9681 |
| 77 Bank Ltd.  | 4500 | &nbsp;&nbsp;&nbsp; 88631 |
| A&D HOLON Holdings Co. Ltd.  | 5100 | &nbsp;&nbsp;&nbsp; 83497 |
| Achilles Corp.  | 2700 | &nbsp;&nbsp;&nbsp; 23072 |
| ADEKA Corp. (d) | 14400 | &nbsp;&nbsp;&nbsp; 333042 |
| Ad-sol Nissin Corp.  | 3800 | &nbsp;&nbsp;&nbsp; 34439 |
| Adtec Plasma Technology Co. Ltd.  | 600 | &nbsp;&nbsp;&nbsp; 6689 |
| Advan Group Co. Ltd.  | 5200 | &nbsp;&nbsp;&nbsp; 30458 |
| Advanced Media, Inc.  | 1200 | &nbsp;&nbsp;&nbsp; 8711 |
| Adventure, Inc.  | 600 | &nbsp;&nbsp;&nbsp; 6189 |
| Aeon Fantasy Co. Ltd.  | 1600 | &nbsp;&nbsp;&nbsp; 23507 |
| AEON Financial Service Co. Ltd.  | 12700 | &nbsp;&nbsp;&nbsp; 125817 |
| Aeon Hokkaido Corp. (d) | 4800 | &nbsp;&nbsp;&nbsp; 26937 |
| Aeon Kyushu Co. Ltd.  | 600 | &nbsp;&nbsp;&nbsp; 10600 |
| AFC-HD AMS Life Science Co. Ltd.  | 1900 | &nbsp;&nbsp;&nbsp; 10618 |
| Ahresty Corp.  | 5200 | &nbsp;&nbsp;&nbsp; 26403 |
| Ai Holdings Corp.  | 7500 | &nbsp;&nbsp;&nbsp; 128867 |
| Aica Kogyo Co. Ltd. (d) | 10300 | &nbsp;&nbsp;&nbsp; 237246 |
| Aichi Corp.  | 5200 | &nbsp;&nbsp;&nbsp; 43045 |
| Aichi Financial Group, Inc. (d) | 3570 | &nbsp;&nbsp;&nbsp; 31570 |
| Aichi Steel Corp. (d) | 5100 | &nbsp;&nbsp;&nbsp; 93141 |
| Aichi Tokei Denki Co. Ltd.  | 1600 | &nbsp;&nbsp;&nbsp; 29722 |
| Aida Engineering Ltd.  | 6700 | &nbsp;&nbsp;&nbsp; 45790 |
| Aiful Corp. (a) (b) (c) | 51900 | &nbsp;&nbsp;&nbsp; 143926 |
| Ain Holdings, Inc.  | 4900 | &nbsp;&nbsp;&nbsp; 174957 |
| Ainavo Holdings Co. Ltd.  | 2200 | &nbsp;&nbsp;&nbsp; 10974 |
| Aiphone Co. Ltd. (d) | 2100 | &nbsp;&nbsp;&nbsp; 36209 |
| Airman Corp. (d) | 4200 | &nbsp;&nbsp;&nbsp; 51368 |
| Airport Facilities Co. Ltd.  | 4800 | &nbsp;&nbsp;&nbsp; 29241 |
| Airtrip Corp.  | 2500 | &nbsp;&nbsp;&nbsp; 10798 |
| Aisan Industry Co. Ltd.  | 6300 | &nbsp;&nbsp;&nbsp; 73801 |

---

**BHFTII-106**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| AIT Corp.  | 1600 | &nbsp;&nbsp;&nbsp; $22349 |
| Ajis Co. Ltd. (d) | 500 | &nbsp;&nbsp;&nbsp; 13997 |
| Akatsuki Corp.  | 8100 | &nbsp;&nbsp;&nbsp; 33155 |
| Akatsuki, Inc.  | 2100 | &nbsp;&nbsp;&nbsp; 36489 |
| Akebono Brake Industry Co. Ltd. (a) | 17400 | &nbsp;&nbsp;&nbsp; 13182 |
| Akita Bank Ltd.  | 2600 | &nbsp;&nbsp;&nbsp; 81752 |
| Albis Co. Ltd. (d) | 1600 | &nbsp;&nbsp;&nbsp; 26074 |
| Alconix Corp. (d) | 4800 | &nbsp;&nbsp;&nbsp; 81652 |
| Alfresa Holdings Corp.  | 4400 | &nbsp;&nbsp;&nbsp; 70903 |
| Alinco, Inc. (d) | 3200 | &nbsp;&nbsp;&nbsp; 20937 |
| Alpen Co. Ltd.  | 2900 | &nbsp;&nbsp;&nbsp; 37683 |
| Alpha Corp.  | 2200 | &nbsp;&nbsp;&nbsp; 17323 |
| AlphaPolis Co. Ltd. (d) | 1200 | &nbsp;&nbsp;&nbsp; 8751 |
| Alps Alpine Co. Ltd. (d) | 29200 | &nbsp;&nbsp;&nbsp; 395079 |
| Altech Corp.  | 3320 | &nbsp;&nbsp;&nbsp; 54305 |
| Amano Corp.  | 9000 | &nbsp;&nbsp;&nbsp; 215678 |
| Amiyaki Tei Co. Ltd. (d) | 3300 | &nbsp;&nbsp;&nbsp; 29213 |
| Amuse, Inc.  | 2800 | &nbsp;&nbsp;&nbsp; 35873 |
| Amvis Holdings, Inc.  | 5200 | &nbsp;&nbsp;&nbsp; 13714 |
| Anabuki Kosan, Inc.  | 800 | &nbsp;&nbsp;&nbsp; 12950 |
| and ST HD Co. Ltd.  | 5440 | &nbsp;&nbsp;&nbsp; 101431 |
| Anest Iwata Corp.  | 5500 | &nbsp;&nbsp;&nbsp; 55794 |
| Anicom Holdings, Inc.  | 11300 | &nbsp;&nbsp;&nbsp; 99021 |
| Anycolor, Inc.  | 900 | &nbsp;&nbsp;&nbsp; 16554 |
| AOI Electronics Co. Ltd.  | 1100 | &nbsp;&nbsp;&nbsp; 15796 |
| AOKI Holdings, Inc. (d) | 7300 | &nbsp;&nbsp;&nbsp; 74644 |
| Aoyama Trading Co. Ltd. (d) | 22800 | &nbsp;&nbsp;&nbsp; 116958 |
| Aoyama Zaisan Networks Co. Ltd. (d) | 2800 | &nbsp;&nbsp;&nbsp; 22929 |
| Arakawa Chemical Industries Ltd.  | 3500 | &nbsp;&nbsp;&nbsp; 28606 |
| Arata Corp.  | 5200 | &nbsp;&nbsp;&nbsp; 97863 |
| ARCLANDS Corp.  | 9680 | &nbsp;&nbsp;&nbsp; 109243 |
| Arcs Co. Ltd.  | 7364 | &nbsp;&nbsp;&nbsp; 176186 |
| ARE Holdings, Inc. (d) | 14300 | &nbsp;&nbsp;&nbsp; 311839 |
| Arealink Co. Ltd.  | 7600 | &nbsp;&nbsp;&nbsp; 51802 |
| Argo Graphics, Inc.  | 11200 | &nbsp;&nbsp;&nbsp; 102416 |
| Arisawa Manufacturing Co. Ltd.  | 5900 | &nbsp;&nbsp;&nbsp; 85680 |
| Artience Co. Ltd. (d) | 6200 | &nbsp;&nbsp;&nbsp; 148322 |
| Artnature, Inc.  | 5000 | &nbsp;&nbsp;&nbsp; 25911 |
| As One Corp. (d) | 10700 | &nbsp;&nbsp;&nbsp; 149553 |
| Asahi Broadcasting Group Holdings Corp.  | 2400 | &nbsp;&nbsp;&nbsp; 13194 |
| Asahi Co. Ltd.  | 3400 | &nbsp;&nbsp;&nbsp; 28602 |
| Asahi Diamond Industrial Co. Ltd. (d) | 7800 | &nbsp;&nbsp;&nbsp; 59752 |
| Asahi Kogyosha Co. Ltd.  | 3400 | &nbsp;&nbsp;&nbsp; 74337 |
| Asahi Net, Inc.  | 5000 | &nbsp;&nbsp;&nbsp; 20519 |
| Asahi Printing Co. Ltd.  | 400 | &nbsp;&nbsp;&nbsp; 2210 |
| Asahi Yukizai Corp.  | 2600 | &nbsp;&nbsp;&nbsp; 92538 |
| Asanuma Corp.  | 13400 | &nbsp;&nbsp;&nbsp; 83937 |
| Asax Co. Ltd.  | 3200 | &nbsp;&nbsp;&nbsp; 16726 |
| Asia Pile Holdings Corp.  | 3800 | &nbsp;&nbsp;&nbsp; 33885 |
| ASKA Pharmaceutical Holdings Co. Ltd.  | 3700 | &nbsp;&nbsp;&nbsp; 55984 |
| ASKUL Corp.  | 7400 | &nbsp;&nbsp;&nbsp; 51946 |
| Astena Holdings Co. Ltd.  | 9000 | &nbsp;&nbsp;&nbsp; 27205 |
| Atsugi Co. Ltd. (a) | 4300 | &nbsp;&nbsp;&nbsp; 24962 |
| Aucnet, Inc. (d) | 8400 | &nbsp;&nbsp;&nbsp; 64033 |
| Autobacs Seven Co. Ltd.  | 11600 | &nbsp;&nbsp;&nbsp; 114945 |
| Avant Group Corp.  | 4700 | &nbsp;&nbsp;&nbsp; 38630 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Avantia Co. Ltd. (d) | 3000 | &nbsp;&nbsp;&nbsp; $15787 |
| Avex, Inc.  | 5300 | &nbsp;&nbsp;&nbsp; 39943 |
| Awa Bank Ltd.  | 5200 | &nbsp;&nbsp;&nbsp; 190574 |
| Axial Retailing, Inc.  | 12100 | &nbsp;&nbsp;&nbsp; 95552 |
| Axyz Co. Ltd. (d) | 500 | &nbsp;&nbsp;&nbsp; 11693 |
| AZ-COM MARUWA Holdings, Inc.  | 7400 | &nbsp;&nbsp;&nbsp; 41456 |
| Bando Chemical Industries Ltd.  | 5500 | &nbsp;&nbsp;&nbsp; 71194 |
| Bank of Iwate Ltd. (d) | 9600 | &nbsp;&nbsp;&nbsp; 98811 |
| Bank of Kochi Ltd.  | 1600 | &nbsp;&nbsp;&nbsp; 10517 |
| Bank of Nagoya Ltd. (d) | 5400 | &nbsp;&nbsp;&nbsp; 196998 |
| Bank of Saga Ltd. (d) | 2100 | &nbsp;&nbsp;&nbsp; 62987 |
| Bank of the Ryukyus Ltd.  | 7300 | &nbsp;&nbsp;&nbsp; 104056 |
| Base Co. Ltd.  | 600 | &nbsp;&nbsp;&nbsp; 12143 |
| Beauty Garage, Inc.  | 1600 | &nbsp;&nbsp;&nbsp; 14450 |
| Belc Co. Ltd.  | 2200 | &nbsp;&nbsp;&nbsp; 105330 |
| Bell System24 Holdings, Inc.  | 6900 | &nbsp;&nbsp;&nbsp; 63374 |
| Belluna Co. Ltd. (d) | 8300 | &nbsp;&nbsp;&nbsp; 46033 |
| Bic Camera, Inc.  | 18000 | &nbsp;&nbsp;&nbsp; 197135 |
| Blue Zones Holdings Co. Ltd.  | 3500 | &nbsp;&nbsp;&nbsp; 42182 |
| BML, Inc.  | 3800 | &nbsp;&nbsp;&nbsp; 97732 |
| Bookoff Group Holdings Ltd. (d) | 3500 | &nbsp;&nbsp;&nbsp; 39729 |
| Bourbon Corp.  | 2100 | &nbsp;&nbsp;&nbsp; 42696 |
| BRONCO BILLY Co. Ltd. (d) | 500 | &nbsp;&nbsp;&nbsp; 13942 |
| Buffalo, Inc.  | 3000 | &nbsp;&nbsp;&nbsp; 45622 |
| Bull-Dog Sauce Co. Ltd. (d) | 1200 | &nbsp;&nbsp;&nbsp; 14113 |
| Bunka Shutter Co. Ltd.  | 10200 | &nbsp;&nbsp;&nbsp; 123465 |
| Business Brain Showa-Ota, Inc. (d) | 6000 | &nbsp;&nbsp;&nbsp; 35540 |
| Business Engineering Corp.  | 4000 | &nbsp;&nbsp;&nbsp; 30257 |
| C Uyemura & Co. Ltd.  | 1800 | &nbsp;&nbsp;&nbsp; 228855 |
| CAC Holdings Corp.  | 2600 | &nbsp;&nbsp;&nbsp; 29762 |
| Canare Electric Co. Ltd.  | 800 | &nbsp;&nbsp;&nbsp; 9276 |
| Careerlink Co. Ltd. (d) | 1000 | &nbsp;&nbsp;&nbsp; 15365 |
| Carlit Co. Ltd. (d) | 3000 | &nbsp;&nbsp;&nbsp; 48062 |
| Casio Computer Co. Ltd.  | 3800 | &nbsp;&nbsp;&nbsp; 33888 |
| Cawachi Ltd.  | 2000 | &nbsp;&nbsp;&nbsp; 37991 |
| CCI Group, Inc. (d) | 34400 | &nbsp;&nbsp;&nbsp; 205664 |
| CDS Co. Ltd.  | 700 | &nbsp;&nbsp;&nbsp; 8106 |
| Celsys, Inc.  | 4800 | &nbsp;&nbsp;&nbsp; 40453 |
| Central Automotive Products Ltd.  | 7800 | &nbsp;&nbsp;&nbsp; 94355 |
| Central Glass Co. Ltd.  | 4100 | &nbsp;&nbsp;&nbsp; 103905 |
| Central Security Patrols Co. Ltd.  | 2300 | &nbsp;&nbsp;&nbsp; 43778 |
| Central Sports Co. Ltd. (d) | 1700 | &nbsp;&nbsp;&nbsp; 25500 |
| Ceres, Inc. (d) | 1600 | &nbsp;&nbsp;&nbsp; 14545 |
| Change Holdings, Inc. (d) | 5500 | &nbsp;&nbsp;&nbsp; 32755 |
| Charm Care Corp. KK | 3800 | &nbsp;&nbsp;&nbsp; 31293 |
| Chiba Kogyo Bank Ltd. (d) | 5900 | &nbsp;&nbsp;&nbsp; 73216 |
| Chino Corp. (d) | 4200 | &nbsp;&nbsp;&nbsp; 39259 |
| Chiyoda Co. Ltd.  | 3400 | &nbsp;&nbsp;&nbsp; 22038 |
| Chiyoda Integre Co. Ltd.  | 900 | &nbsp;&nbsp;&nbsp; 19052 |
| Chofu Seisakusho Co. Ltd.  | 4000 | &nbsp;&nbsp;&nbsp; 50577 |
| Chori Co. Ltd.  | 1900 | &nbsp;&nbsp;&nbsp; 51080 |
| Chubu Shiryo Co. Ltd.  | 4600 | &nbsp;&nbsp;&nbsp; 51229 |
| Chudenko Corp.  | 4800 | &nbsp;&nbsp;&nbsp; 140157 |
| Chuetsu Pulp & Paper Co. Ltd.  | 1900 | &nbsp;&nbsp;&nbsp; 22227 |
| Chugai Ro Co. Ltd.  | 900 | &nbsp;&nbsp;&nbsp; 24037 |
| Chugin Financial Group, Inc. (d) | 18200 | &nbsp;&nbsp;&nbsp; 324619 |

---

**BHFTII-107**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Chugoku Electric Power Co., Inc. (d) | 5800 | &nbsp;&nbsp;&nbsp; $36793 |
| Chugoku Marine Paints Ltd. (d) | 7700 | &nbsp;&nbsp;&nbsp; 164257 |
| Chuo Gyorui Co. Ltd.  | 200 | &nbsp;&nbsp;&nbsp; 5161 |
| Chuo Spring Co. Ltd. (d) | 2100 | &nbsp;&nbsp;&nbsp; 48676 |
| Citizen Watch Co. Ltd. (d) | 37700 | &nbsp;&nbsp;&nbsp; 399970 |
| CKD Corp. (d) | 9700 | &nbsp;&nbsp;&nbsp; 273085 |
| Cleanup Corp.  | 3100 | &nbsp;&nbsp;&nbsp; 18112 |
| CMK Corp.  | 12600 | &nbsp;&nbsp;&nbsp; 44240 |
| COLOPL, Inc.  | 7200 | &nbsp;&nbsp;&nbsp; 19077 |
| Colowide Co. Ltd. (d) | 16200 | &nbsp;&nbsp;&nbsp; 186205 |
| Computer Engineering & Consulting Ltd.  | 1500 | &nbsp;&nbsp;&nbsp; 18378 |
| Computer Institute of Japan Ltd.  | 7040 | &nbsp;&nbsp;&nbsp; 22817 |
| Comture Corp.  | 4400 | &nbsp;&nbsp;&nbsp; 40340 |
| Core Corp. (d) | 1700 | &nbsp;&nbsp;&nbsp; 24344 |
| Corona Corp. (d) | 4400 | &nbsp;&nbsp;&nbsp; 26453 |
| Cosel Co. Ltd.  | 5400 | &nbsp;&nbsp;&nbsp; 39052 |
| Cosmos Initia Co. Ltd.  | 1600 | &nbsp;&nbsp;&nbsp; 11475 |
| Cota Co. Ltd. (d) | 5166 | &nbsp;&nbsp;&nbsp; 38438 |
| Create Medic Co. Ltd.  | 1800 | &nbsp;&nbsp;&nbsp; 13148 |
| Create Restaurants Holdings, Inc. (d) | 47400 | &nbsp;&nbsp;&nbsp; 228369 |
| Create SD Holdings Co. Ltd.  | 5600 | &nbsp;&nbsp;&nbsp; 116967 |
| Creek & River Co. Ltd.  | 2700 | &nbsp;&nbsp;&nbsp; 24243 |
| Cresco Ltd.  | 5000 | &nbsp;&nbsp;&nbsp; 45274 |
| Cross Cat Co. Ltd.  | 1400 | &nbsp;&nbsp;&nbsp; 8406 |
| CTI Engineering Co. Ltd.  | 3700 | &nbsp;&nbsp;&nbsp; 71404 |
| CTS Co. Ltd.  | 5200 | &nbsp;&nbsp;&nbsp; 29849 |
| CUC, Inc. (a) | 1300 | &nbsp;&nbsp;&nbsp; 7219 |
| Curves Holdings Co. Ltd.  | 10900 | &nbsp;&nbsp;&nbsp; 51131 |
| Cybozu, Inc.  | 4400 | &nbsp;&nbsp;&nbsp; 58177 |
| Dai Nippon Toryo Co. Ltd.  | 3800 | &nbsp;&nbsp;&nbsp; 29621 |
| Dai-Dan Co. Ltd.  | 8400 | &nbsp;&nbsp;&nbsp; 143373 |
| Daido Metal Co. Ltd.  | 4900 | &nbsp;&nbsp;&nbsp; 26956 |
| Daido Steel Co. Ltd. (d) | 22100 | &nbsp;&nbsp;&nbsp; 260075 |
| Daihatsu Infinearth Mfg Co. Ltd.  | 2500 | &nbsp;&nbsp;&nbsp; 33021 |
| Daiho Corp.  | 4800 | &nbsp;&nbsp;&nbsp; 23513 |
| Daiichi Jitsugyo Co. Ltd.  | 2900 | &nbsp;&nbsp;&nbsp; 60130 |
| Daiichikosho Co. Ltd.  | 8100 | &nbsp;&nbsp;&nbsp; 86385 |
| Daiken Medical Co. Ltd.  | 4400 | &nbsp;&nbsp;&nbsp; 12435 |
| Daiki Aluminium Industry Co. Ltd.  | 5400 | &nbsp;&nbsp;&nbsp; 48730 |
| Daiki Axis Co. Ltd.  | 1300 | &nbsp;&nbsp;&nbsp; 6072 |
| DAIKO XTECH Ltd.  | 1300 | &nbsp;&nbsp;&nbsp; 8804 |
| Daikoku Denki Co. Ltd. (d) | 1800 | &nbsp;&nbsp;&nbsp; 27774 |
| Daikokutenbussan Co. Ltd. (d) | 1300 | &nbsp;&nbsp;&nbsp; 39954 |
| Daikyonishikawa Corp.  | 8300 | &nbsp;&nbsp;&nbsp; 43634 |
| Dainichi Co. Ltd.  | 4100 | &nbsp;&nbsp;&nbsp; 26413 |
| Dainichiseika Color & Chemicals Manufacturing Co. Ltd.  | 9600 | &nbsp;&nbsp;&nbsp; 66149 |
| Daio Paper Corp.  | 16200 | &nbsp;&nbsp;&nbsp; 105465 |
| Daiseki Co. Ltd. (d) | 6839 | &nbsp;&nbsp;&nbsp; 168112 |
| Daishi Hokuetsu Financial Group, Inc.  | 35100 | &nbsp;&nbsp;&nbsp; 421446 |
| Daishinku Corp. (d) | 7400 | &nbsp;&nbsp;&nbsp; 27574 |
| Daisue Construction Co. Ltd.  | 1800 | &nbsp;&nbsp;&nbsp; 41071 |
| Daito Bank Ltd.  | 1400 | &nbsp;&nbsp;&nbsp; 8665 |
| Daito Pharmaceutical Co. Ltd.  | 4712 | &nbsp;&nbsp;&nbsp; 43234 |
| Daitron Co. Ltd.  | 3000 | &nbsp;&nbsp;&nbsp; 51426 |
| Daiwa Industries Ltd.  | 5800 | &nbsp;&nbsp;&nbsp; 71798 |
| Daiwabo Holdings Co. Ltd. (d) | 12900 | &nbsp;&nbsp;&nbsp; 251571 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| DCM Holdings Co. Ltd.  | 17800 | &nbsp;&nbsp;&nbsp; $180961 |
| Dear Life Co. Ltd.  | 5400 | &nbsp;&nbsp;&nbsp; 35619 |
| Delica Foods Holdings Co. Ltd.  | 600 | &nbsp;&nbsp;&nbsp; 3398 |
| Denka Co. Ltd.  | 13100 | &nbsp;&nbsp;&nbsp; 297244 |
| Dentsu Soken, Inc.  | 2700 | &nbsp;&nbsp;&nbsp; 34165 |
| Denyo Co. Ltd.  | 2900 | &nbsp;&nbsp;&nbsp; 63705 |
| Dexerials Corp.  | 800 | &nbsp;&nbsp;&nbsp; 11023 |
| DIC Corp.  | 12800 | &nbsp;&nbsp;&nbsp; 299286 |
| Digital Arts, Inc.  | 2100 | &nbsp;&nbsp;&nbsp; 69502 |
| Digital Hearts Holdings Co. Ltd. (d) | 2600 | &nbsp;&nbsp;&nbsp; 13826 |
| Digital Information Technologies Corp.  | 4200 | &nbsp;&nbsp;&nbsp; 24464 |
| Dip Corp.  | 6600 | &nbsp;&nbsp;&nbsp; 87124 |
| DKK Co. Ltd.  | 1200 | &nbsp;&nbsp;&nbsp; 23178 |
| DKS Co. Ltd. (d) | 1100 | &nbsp;&nbsp;&nbsp; 53886 |
| DMG Mori Co. Ltd.  | 700 | &nbsp;&nbsp;&nbsp; 10722 |
| DMW Corp.  | 700 | &nbsp;&nbsp;&nbsp; 26731 |
| Doshisha Co. Ltd.  | 4400 | &nbsp;&nbsp;&nbsp; 93247 |
| Double Standard, Inc. (d) | 1400 | &nbsp;&nbsp;&nbsp; 12199 |
| Doutor Nichires Holdings Co. Ltd.  | 5100 | &nbsp;&nbsp;&nbsp; 94935 |
| Dowa Holdings Co. Ltd.  | 5400 | &nbsp;&nbsp;&nbsp; 307893 |
| DTS Corp. (d) | 24800 | &nbsp;&nbsp;&nbsp; 162093 |
| Duskin Co. Ltd.  | 5500 | &nbsp;&nbsp;&nbsp; 146781 |
| DyDo Group Holdings, Inc.  | 3000 | &nbsp;&nbsp;&nbsp; 49832 |
| Eagle Industry Co. Ltd.  | 4100 | &nbsp;&nbsp;&nbsp; 74614 |
| EAT&HOLDINGS Co. Ltd. (d) | 1400 | &nbsp;&nbsp;&nbsp; 17572 |
| Ebara Foods Industry, Inc.  | 700 | &nbsp;&nbsp;&nbsp; 11298 |
| Ebara Jitsugyo Co. Ltd.  | 3800 | &nbsp;&nbsp;&nbsp; 58710 |
| Ebase Co. Ltd.  | 4800 | &nbsp;&nbsp;&nbsp; 12457 |
| Eco's Co. Ltd.  | 1500 | &nbsp;&nbsp;&nbsp; 24605 |
| EDION Corp. (d) | 14200 | &nbsp;&nbsp;&nbsp; 193993 |
| EF-ON, Inc.  | 6100 | &nbsp;&nbsp;&nbsp; 14211 |
| eGuarantee, Inc. (d) | 6200 | &nbsp;&nbsp;&nbsp; 63637 |
| Ehime Bank Ltd. (d) | 5300 | &nbsp;&nbsp;&nbsp; 52517 |
| Eidai Co. Ltd.  | 10000 | &nbsp;&nbsp;&nbsp; 14694 |
| Eizo Corp. (d) | 5100 | &nbsp;&nbsp;&nbsp; 66523 |
| Elan Corp.  | 2200 | &nbsp;&nbsp;&nbsp; 10088 |
| Elecom Co. Ltd.  | 8800 | &nbsp;&nbsp;&nbsp; 89197 |
| EM Systems Co. Ltd.  | 3500 | &nbsp;&nbsp;&nbsp; 14614 |
| en, Inc.  | 5500 | &nbsp;&nbsp;&nbsp; 39182 |
| Endo Lighting Corp.  | 1400 | &nbsp;&nbsp;&nbsp; 22476 |
| Entrust, Inc.  | 1500 | &nbsp;&nbsp;&nbsp; 10216 |
| eRex Co. Ltd. (d) | 3300 | &nbsp;&nbsp;&nbsp; 20259 |
| ES-Con Japan Ltd.  | 6700 | &nbsp;&nbsp;&nbsp; 45911 |
| Eslead Corp. (d) | 1600 | &nbsp;&nbsp;&nbsp; 62699 |
| ESPEC Corp.  | 3400 | &nbsp;&nbsp;&nbsp; 65086 |
| Exedy Corp. (d) | 4100 | &nbsp;&nbsp;&nbsp; 144633 |
| EXEO Group, Inc.  | 18800 | &nbsp;&nbsp;&nbsp; 321102 |
| Ezaki Glico Co. Ltd. (d) | 9200 | &nbsp;&nbsp;&nbsp; 341944 |
| F&M Co. Ltd.  | 1600 | &nbsp;&nbsp;&nbsp; 21887 |
| FALCO HOLDINGS Co. Ltd.  | 1600 | &nbsp;&nbsp;&nbsp; 26505 |
| FCC Co. Ltd.  | 7100 | &nbsp;&nbsp;&nbsp; 146040 |
| FDK Corp. (a) | 1100 | &nbsp;&nbsp;&nbsp; 3292 |
| Feed One Co. Ltd.  | 4576 | &nbsp;&nbsp;&nbsp; 34286 |
| Ferrotec Corp. (d) | 8000 | &nbsp;&nbsp;&nbsp; 327702 |
| Fibergate, Inc.  | 1800 | &nbsp;&nbsp;&nbsp; 8214 |
| FIDEA Holdings Co. Ltd.  | 3950 | &nbsp;&nbsp;&nbsp; 46931 |

---

**BHFTII-108**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Financial Partners Group Co. Ltd. (d) | 8200 | &nbsp;&nbsp;&nbsp; $82236 |
| FINDEX, Inc.  | 3900 | &nbsp;&nbsp;&nbsp; 20620 |
| First Bank of Toyama Ltd. (d) | 9700 | &nbsp;&nbsp;&nbsp; 146121 |
| First Brothers Co. Ltd. (d) | 900 | &nbsp;&nbsp;&nbsp; 6577 |
| First Juken Co. Ltd. (d) | 1600 | &nbsp;&nbsp;&nbsp; 11855 |
| First-Corp., Inc.  | 1600 | &nbsp;&nbsp;&nbsp; 10488 |
| Fixstars Corp.  | 4100 | &nbsp;&nbsp;&nbsp; 31459 |
| FJ Next Holdings Co. Ltd.  | 3800 | &nbsp;&nbsp;&nbsp; 37934 |
| Focus Systems Corp. (d) | 2900 | &nbsp;&nbsp;&nbsp; 29300 |
| Forval Corp. (d) | 1900 | &nbsp;&nbsp;&nbsp; 13293 |
| Foster Electric Co. Ltd.  | 2700 | &nbsp;&nbsp;&nbsp; 50280 |
| FP Corp.  | 3600 | &nbsp;&nbsp;&nbsp; 53761 |
| France Bed Holdings Co. Ltd. (d) | 4400 | &nbsp;&nbsp;&nbsp; 36059 |
| Freebit Co. Ltd.  | 2100 | &nbsp;&nbsp;&nbsp; 20018 |
| F-Tech, Inc. (d) | 3200 | &nbsp;&nbsp;&nbsp; 14245 |
| FTGroup Co. Ltd.  | 1500 | &nbsp;&nbsp;&nbsp; 12053 |
| Fudo Tetra Corp.  | 2830 | &nbsp;&nbsp;&nbsp; 53690 |
| Fuji Corp.  | 2200 | &nbsp;&nbsp;&nbsp; 67113 |
| Fuji Corp. Ltd. (d) | 3900 | &nbsp;&nbsp;&nbsp; 19835 |
| Fuji Kyuko Co. Ltd. (d) | 4600 | &nbsp;&nbsp;&nbsp; 70876 |
| Fuji Oil Co. Ltd. (d) | 8400 | &nbsp;&nbsp;&nbsp; 192750 |
| Fuji Pharma Co. Ltd.  | 2400 | &nbsp;&nbsp;&nbsp; 36163 |
| Fuji Seal International, Inc.  | 7600 | &nbsp;&nbsp;&nbsp; 124889 |
| Fujibo Holdings, Inc. (d) | 5400 | &nbsp;&nbsp;&nbsp; 126527 |
| Fujicco Co. Ltd. (d) | 3600 | &nbsp;&nbsp;&nbsp; 36062 |
| Fujikura Composites, Inc.  | 2400 | &nbsp;&nbsp;&nbsp; 36330 |
| Fujikura Kasei Co. Ltd.  | 6900 | &nbsp;&nbsp;&nbsp; 51346 |
| Fujimi, Inc. (d) | 9900 | &nbsp;&nbsp;&nbsp; 173939 |
| Fujisash Co. Ltd.  | 2450 | &nbsp;&nbsp;&nbsp; 13644 |
| Fujishoji Co. Ltd.  | 1300 | &nbsp;&nbsp;&nbsp; 8075 |
| Fujita Kanko, Inc.  | 2000 | &nbsp;&nbsp;&nbsp; 26125 |
| Fujiya Co. Ltd. (d) | 2500 | &nbsp;&nbsp;&nbsp; 39007 |
| FuKoKu Co. Ltd.  | 2800 | &nbsp;&nbsp;&nbsp; 31880 |
| Fukuda Corp.  | 1300 | &nbsp;&nbsp;&nbsp; 69119 |
| Fukuda Denshi Co. Ltd. (d) | 2800 | &nbsp;&nbsp;&nbsp; 172770 |
| Fukui Bank Ltd. (d) | 3100 | &nbsp;&nbsp;&nbsp; 63686 |
| Fukui Computer Holdings, Inc.  | 1900 | &nbsp;&nbsp;&nbsp; 37817 |
| Fukuyama Transporting Co. Ltd.  | 3200 | &nbsp;&nbsp;&nbsp; 108315 |
| FULLCAST Holdings Co. Ltd.  | 3400 | &nbsp;&nbsp;&nbsp; 35803 |
| Funai Soken Holdings, Inc.  | 14540 | &nbsp;&nbsp;&nbsp; 105233 |
| Furukawa Co. Ltd. (d) | 4000 | &nbsp;&nbsp;&nbsp; 112393 |
| Furuno Electric Co. Ltd. (d) | 4500 | &nbsp;&nbsp;&nbsp; 178047 |
| Furuya Metal Co. Ltd.  | 3300 | &nbsp;&nbsp;&nbsp; 127769 |
| Furyu Corp. (d) | 4300 | &nbsp;&nbsp;&nbsp; 33714 |
| Fuso Chemical Co. Ltd. (d) | 11400 | &nbsp;&nbsp;&nbsp; 204452 |
| Fuso Pharmaceutical Industries Ltd. (d) | 1800 | &nbsp;&nbsp;&nbsp; 26937 |
| Futaba Corp. (d) | 8400 | &nbsp;&nbsp;&nbsp; 34168 |
| Futaba Industrial Co. Ltd.  | 9900 | &nbsp;&nbsp;&nbsp; 60438 |
| Future Corp. (d) | 8100 | &nbsp;&nbsp;&nbsp; 81741 |
| Fuyo General Lease Co. Ltd.  | 2400 | &nbsp;&nbsp;&nbsp; 65091 |
| G-7 Holdings, Inc.  | 4600 | &nbsp;&nbsp;&nbsp; 39079 |
| Gakken Holdings Co. Ltd.  | 6400 | &nbsp;&nbsp;&nbsp; 40123 |
| Gakkyusha Co. Ltd.  | 2100 | &nbsp;&nbsp;&nbsp; 31195 |
| Galilei Co. Ltd. (d) | 4900 | &nbsp;&nbsp;&nbsp; 111191 |
| Gecoss Corp.  | 3400 | &nbsp;&nbsp;&nbsp; 37926 |
| Genki Global Dining Concepts Corp. (d) | 2400 | &nbsp;&nbsp;&nbsp; 43721 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Genky DrugStores Co. Ltd.  | 2800 | &nbsp;&nbsp;&nbsp; $70174 |
| Geo Holdings Corp.  | 4600 | &nbsp;&nbsp;&nbsp; 49387 |
| Gift Holdings, Inc. (d) | 1600 | &nbsp;&nbsp;&nbsp; 45472 |
| giftee, Inc.  | 2800 | &nbsp;&nbsp;&nbsp; 19659 |
| GLOBERIDE, Inc.  | 3500 | &nbsp;&nbsp;&nbsp; 46549 |
| Glory Ltd. (d) | 7600 | &nbsp;&nbsp;&nbsp; 193463 |
| GLtechno Holdings, Inc.  | 1300 | &nbsp;&nbsp;&nbsp; 26420 |
| GMO Financial Gate, Inc.  | 400 | &nbsp;&nbsp;&nbsp; 13235 |
| GMO Financial Holdings, Inc.  | 8000 | &nbsp;&nbsp;&nbsp; 45271 |
| GMO GlobalSign Holdings KK | 1000 | &nbsp;&nbsp;&nbsp; 12279 |
| GMO internet group, Inc.  | 7300 | &nbsp;&nbsp;&nbsp; 134426 |
| Godo Steel Ltd. (d) | 2300 | &nbsp;&nbsp;&nbsp; 53455 |
| Goldcrest Co. Ltd.  | 2730 | &nbsp;&nbsp;&nbsp; 57755 |
| Grandy House Corp. (d) | 3600 | &nbsp;&nbsp;&nbsp; 12657 |
| GREE Holdings, Inc.  | 3500 | &nbsp;&nbsp;&nbsp; 8185 |
| Greens Co. Ltd.  | 1700 | &nbsp;&nbsp;&nbsp; 20766 |
| grems, Inc.  | 900 | &nbsp;&nbsp;&nbsp; 15720 |
| GS Yuasa Corp.  | 15200 | &nbsp;&nbsp;&nbsp; 522467 |
| GSI Creos Corp.  | 2100 | &nbsp;&nbsp;&nbsp; 32398 |
| G-Tekt Corp.  | 3300 | &nbsp;&nbsp;&nbsp; 38237 |
| Gun-Ei Chemical Industry Co. Ltd.  | 900 | &nbsp;&nbsp;&nbsp; 30259 |
| Gunze Ltd. (d) | 6100 | &nbsp;&nbsp;&nbsp; 143930 |
| H.U. Group Holdings, Inc. (d) | 9500 | &nbsp;&nbsp;&nbsp; 193276 |
| H2O Retailing Corp. (d) | 14900 | &nbsp;&nbsp;&nbsp; 225458 |
| HABA Laboratories, Inc.  | 700 | &nbsp;&nbsp;&nbsp; 7516 |
| Hagihara Industries, Inc.  | 2600 | &nbsp;&nbsp;&nbsp; 28661 |
| Hagiwara Electric Holdings Co. Ltd. (a) (b) (c) | 1800 | &nbsp;&nbsp;&nbsp; 40632 |
| Hakudo Co. Ltd. (d) | 1000 | &nbsp;&nbsp;&nbsp; 16234 |
| Hakuhodo DY Holdings, Inc.  | 1600 | &nbsp;&nbsp;&nbsp; 10431 |
| Halows Co. Ltd.  | 2100 | &nbsp;&nbsp;&nbsp; 56837 |
| Hamakyorex Co. Ltd.  | 11500 | &nbsp;&nbsp;&nbsp; 129070 |
| Handsman Co. Ltd.  | 800 | &nbsp;&nbsp;&nbsp; 4011 |
| Hanwa Co. Ltd. (d) | 24000 | &nbsp;&nbsp;&nbsp; 239918 |
| Happinet Corp. (d) | 5600 | &nbsp;&nbsp;&nbsp; 95972 |
| Hard Off Corp. Co. Ltd.  | 2500 | &nbsp;&nbsp;&nbsp; 30983 |
| Harima Chemicals Group, Inc.  | 4300 | &nbsp;&nbsp;&nbsp; 25004 |
| Hashimoto Sogyo Holdings Co. Ltd. (d) | 1400 | &nbsp;&nbsp;&nbsp; 12420 |
| Hazama Ando Corp.  | 25090 | &nbsp;&nbsp;&nbsp; 313057 |
| Heiwado Co. Ltd.  | 5400 | &nbsp;&nbsp;&nbsp; 101281 |
| Hennge KK | 600 | &nbsp;&nbsp;&nbsp; 3507 |
| Hibiya Engineering Ltd.  | 5000 | &nbsp;&nbsp;&nbsp; 86784 |
| Hiday Hidaka Corp.  | 500 | &nbsp;&nbsp;&nbsp; 9368 |
| HI-LEX Corp.  | 3700 | &nbsp;&nbsp;&nbsp; 66761 |
| Himaraya Co. Ltd. (d) | 2600 | &nbsp;&nbsp;&nbsp; 13981 |
| Hino Motors Ltd. (a) (b) (c) | 34000 | &nbsp;&nbsp;&nbsp; 81589 |
| Hioki EE Corp.  | 2000 | &nbsp;&nbsp;&nbsp; 89976 |
| Hirakawa Hewtech Corp. (d) | 2205 | &nbsp;&nbsp;&nbsp; 53563 |
| Hirano Tecseed Co. Ltd.  | 1300 | &nbsp;&nbsp;&nbsp; 14043 |
| Hirata Corp.  | 3000 | &nbsp;&nbsp;&nbsp; 46378 |
| Hirogin Holdings, Inc. (d) | 36800 | &nbsp;&nbsp;&nbsp; 406932 |
| Hirose Tusyo, Inc. (a) | 300 | &nbsp;&nbsp;&nbsp; 7084 |
| Hiroshima Electric Railway Co. Ltd. (d) | 1500 | &nbsp;&nbsp;&nbsp; 5876 |
| Hiroshima Gas Co. Ltd. (d) | 7000 | &nbsp;&nbsp;&nbsp; 17754 |
| Hisaka Works Ltd.  | 4000 | &nbsp;&nbsp;&nbsp; 39215 |
| Hito Communications Holdings, Inc.  | 1700 | &nbsp;&nbsp;&nbsp; 9779 |
| Hochiki Corp. (d) | 7800 | &nbsp;&nbsp;&nbsp; 104443 |

---

**BHFTII-109**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Hodogaya Chemical Co. Ltd.  | 1800 | &nbsp;&nbsp;&nbsp; $28819 |
| Hokkaido Electric Power Co., Inc. (d) | 33500 | &nbsp;&nbsp;&nbsp; 228183 |
| Hokkaido Gas Co. Ltd.  | 13800 | &nbsp;&nbsp;&nbsp; 76941 |
| Hokkan Holdings Ltd.  | 2500 | &nbsp;&nbsp;&nbsp; 35287 |
| Hokko Chemical Industry Co. Ltd.  | 3500 | &nbsp;&nbsp;&nbsp; 38143 |
| Hokuetsu Corp. (d) | 18700 | &nbsp;&nbsp;&nbsp; 108701 |
| Hokuriku Electric Industry Co. Ltd.  | 1500 | &nbsp;&nbsp;&nbsp; 25362 |
| Hokuriku Electric Power Co. (d) | 32400 | &nbsp;&nbsp;&nbsp; 220370 |
| Hokuriku Electrical Construction Co. Ltd.  | 1600 | &nbsp;&nbsp;&nbsp; 14705 |
| Hokuriku Gas Co. Ltd.  | 1000 | &nbsp;&nbsp;&nbsp; 28383 |
| Hokuto Corp.  | 4300 | &nbsp;&nbsp;&nbsp; 51906 |
| H-One Co. Ltd.  | 3100 | &nbsp;&nbsp;&nbsp; 23261 |
| Honeys Holdings Co. Ltd.  | 3630 | &nbsp;&nbsp;&nbsp; 33442 |
| Honma Golf Ltd. (a) | 27000 | &nbsp;&nbsp;&nbsp; 9641 |
| Hoosiers Holdings Co. Ltd.  | 5400 | &nbsp;&nbsp;&nbsp; 40874 |
| Hoshi Iryo-Sanki Co. Ltd.  | 300 | &nbsp;&nbsp;&nbsp; 9989 |
| Hosiden Corp. (d) | 8300 | &nbsp;&nbsp;&nbsp; 136620 |
| Hosokawa Micron Corp. (d) | 2700 | &nbsp;&nbsp;&nbsp; 100434 |
| Hotland Holdings Co. Ltd. (d) | 2100 | &nbsp;&nbsp;&nbsp; 27056 |
| House Foods Group, Inc.  | 3300 | &nbsp;&nbsp;&nbsp; 63478 |
| Howa Machinery Ltd. (d) | 1400 | &nbsp;&nbsp;&nbsp; 12890 |
| HS Holdings Co. Ltd.  | 5000 | &nbsp;&nbsp;&nbsp; 38825 |
| Hyakugo Bank Ltd. (d) | 36000 | &nbsp;&nbsp;&nbsp; 349536 |
| Hyakujushi Bank Ltd. (d) | 16400 | &nbsp;&nbsp;&nbsp; 223141 |
| IBJ, Inc.  | 4900 | &nbsp;&nbsp;&nbsp; 20762 |
| Ichiken Co. Ltd.  | 2200 | &nbsp;&nbsp;&nbsp; 35891 |
| Ichikoh Industries Ltd.  | 9000 | &nbsp;&nbsp;&nbsp; 28549 |
| Ichimasa Kamaboko Co. Ltd.  | 1100 | &nbsp;&nbsp;&nbsp; 5215 |
| Ichinen Holdings Co. Ltd.  | 2600 | &nbsp;&nbsp;&nbsp; 35149 |
| Ichiyoshi Securities Co. Ltd.  | 1200 | &nbsp;&nbsp;&nbsp; 11122 |
| Icom, Inc.  | 1400 | &nbsp;&nbsp;&nbsp; 26322 |
| Idec Corp.  | 5200 | &nbsp;&nbsp;&nbsp; 99471 |
| IDOM, Inc. (d) | 10000 | &nbsp;&nbsp;&nbsp; 79837 |
| Iino Kaiun Kaisha Ltd.  | 13800 | &nbsp;&nbsp;&nbsp; 153651 |
| I'll, Inc.  | 900 | &nbsp;&nbsp;&nbsp; 13603 |
| Imasen Electric Industrial (d) | 2000 | &nbsp;&nbsp;&nbsp; 10559 |
| i-mobile Co. Ltd.  | 5400 | &nbsp;&nbsp;&nbsp; 16966 |
| Imuraya Group Co. Ltd. (d) | 2200 | &nbsp;&nbsp;&nbsp; 33678 |
| Inaba Denki Sangyo Co. Ltd.  | 19100 | &nbsp;&nbsp;&nbsp; 317203 |
| Inaba Seisakusho Co. Ltd.  | 2100 | &nbsp;&nbsp;&nbsp; 22733 |
| Inabata & Co. Ltd.  | 7700 | &nbsp;&nbsp;&nbsp; 193994 |
| I-NE Co. Ltd.  | 800 | &nbsp;&nbsp;&nbsp; 5694 |
| Ines Corp. (d) | 4100 | &nbsp;&nbsp;&nbsp; 50626 |
| Infomart Corp.  | 16100 | &nbsp;&nbsp;&nbsp; 47896 |
| INFRONEER Holdings, Inc. (d) | 4500 | &nbsp;&nbsp;&nbsp; 62644 |
| Innotech Corp.  | 2400 | &nbsp;&nbsp;&nbsp; 37832 |
| Insource Co. Ltd.  | 11200 | &nbsp;&nbsp;&nbsp; 49771 |
| Intage Holdings, Inc.  | 2600 | &nbsp;&nbsp;&nbsp; 27707 |
| Intelligent Wave, Inc.  | 3400 | &nbsp;&nbsp;&nbsp; 20583 |
| Inui Global Logistics Co. Ltd. (d) | 3000 | &nbsp;&nbsp;&nbsp; 27996 |
| IR Japan Holdings Ltd.  | 2000 | &nbsp;&nbsp;&nbsp; 9008 |
| Iriso Electronics Co. Ltd. (d) | 3200 | &nbsp;&nbsp;&nbsp; 65766 |
| ISB Corp.  | 400 | &nbsp;&nbsp;&nbsp; 5061 |
| Ise Chemicals Corp. (d) | 3400 | &nbsp;&nbsp;&nbsp; 115751 |
| Iseki & Co. Ltd.  | 3100 | &nbsp;&nbsp;&nbsp; 30881 |
| Ishihara Sangyo Kaisha Ltd.  | 5800 | &nbsp;&nbsp;&nbsp; 102870 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Ishizuka Glass Co. Ltd.  | 500 | &nbsp;&nbsp;&nbsp; $10322 |
| Itfor, Inc.  | 5300 | &nbsp;&nbsp;&nbsp; 55605 |
| ITmedia, Inc. (d) | 1500 | &nbsp;&nbsp;&nbsp; 15278 |
| Ito En Ltd. (d) | 6100 | &nbsp;&nbsp;&nbsp; 114560 |
| Itochu Enex Co. Ltd.  | 9100 | &nbsp;&nbsp;&nbsp; 114574 |
| Itochu-Shokuhin Co. Ltd.  | 1000 | &nbsp;&nbsp;&nbsp; 82190 |
| Itoham Yonekyu Holdings, Inc. (d) | 5300 | &nbsp;&nbsp;&nbsp; 192419 |
| Itoki Corp. (d) | 6900 | &nbsp;&nbsp;&nbsp; 134461 |
| IwaiCosmo Holdings, Inc.  | 3500 | &nbsp;&nbsp;&nbsp; 78185 |
| Iwaki Co. Ltd. (d) | 1300 | &nbsp;&nbsp;&nbsp; 20821 |
| Iwatani Corp.  | 3600 | &nbsp;&nbsp;&nbsp; 46051 |
| Iwatsuka Confectionery Co. Ltd.  | 2000 | &nbsp;&nbsp;&nbsp; 40480 |
| Izumi Co. Ltd.  | 20400 | &nbsp;&nbsp;&nbsp; 134406 |
| J Trust Co. Ltd.  | 16800 | &nbsp;&nbsp;&nbsp; 57333 |
| JAC Recruitment Co. Ltd.  | 13700 | &nbsp;&nbsp;&nbsp; 73631 |
| Jaccs Co. Ltd. (d) | 4200 | &nbsp;&nbsp;&nbsp; 107169 |
| JAFCO Group Co. Ltd. (d) | 8900 | &nbsp;&nbsp;&nbsp; 127604 |
| JANOME Corp.  | 2499 | &nbsp;&nbsp;&nbsp; 20107 |
| Japan Airport Terminal Co. Ltd.  | 400 | &nbsp;&nbsp;&nbsp; 13107 |
| Japan Aviation Electronics Industry Ltd. (d) | 8600 | &nbsp;&nbsp;&nbsp; 124378 |
| Japan Cash Machine Co. Ltd.  | 1200 | &nbsp;&nbsp;&nbsp; 7807 |
| Japan Communications, Inc. (a) | 35600 | &nbsp;&nbsp;&nbsp; 28880 |
| Japan Elevator Service Holdings Co. Ltd.  | 25700 | &nbsp;&nbsp;&nbsp; 266912 |
| Japan Foundation Engineering Co. Ltd.  | 7900 | &nbsp;&nbsp;&nbsp; 34175 |
| Japan Investment Adviser Co. Ltd.  | 4700 | &nbsp;&nbsp;&nbsp; 56993 |
| Japan Lifeline Co. Ltd.  | 9100 | &nbsp;&nbsp;&nbsp; 79205 |
| Japan Material Co. Ltd.  | 13600 | &nbsp;&nbsp;&nbsp; 140706 |
| Japan Medical Dynamic Marketing, Inc.  | 4400 | &nbsp;&nbsp;&nbsp; 15153 |
| Japan Oil Transportation Co. Ltd. (d) | 700 | &nbsp;&nbsp;&nbsp; 22062 |
| Japan Petroleum Exploration Co. Ltd. (d) | 14600 | &nbsp;&nbsp;&nbsp; 240598 |
| Japan Property Management Center Co. Ltd.  | 2800 | &nbsp;&nbsp;&nbsp; 23224 |
| Japan Pulp & Paper Co. Ltd. (d) | 14300 | &nbsp;&nbsp;&nbsp; 95359 |
| Japan Securities Finance Co. Ltd.  | 14300 | &nbsp;&nbsp;&nbsp; 188504 |
| Japan Transcity Corp.  | 8300 | &nbsp;&nbsp;&nbsp; 65223 |
| Japan Wool Textile Co. Ltd.  | 8300 | &nbsp;&nbsp;&nbsp; 96310 |
| JBCC Holdings, Inc. (d) | 11200 | &nbsp;&nbsp;&nbsp; 85399 |
| JCU Corp.  | 3700 | &nbsp;&nbsp;&nbsp; 126650 |
| Jeol Ltd. (d) | 7900 | &nbsp;&nbsp;&nbsp; 293268 |
| JFE Systems, Inc.  | 1400 | &nbsp;&nbsp;&nbsp; 18067 |
| JGC Holdings Corp. (d) | 17300 | &nbsp;&nbsp;&nbsp; 255477 |
| JIG-SAW, Inc. (a) (d) | 900 | &nbsp;&nbsp;&nbsp; 13908 |
| JINS Holdings, Inc.  | 2200 | &nbsp;&nbsp;&nbsp; 71190 |
| JINUSHI Co. Ltd.  | 3500 | &nbsp;&nbsp;&nbsp; 73325 |
| JK Holdings Co. Ltd.  | 2800 | &nbsp;&nbsp;&nbsp; 25402 |
| J-Lease Co. Ltd.  | 1200 | &nbsp;&nbsp;&nbsp; 9452 |
| JM Holdings Co. Ltd.  | 4800 | &nbsp;&nbsp;&nbsp; 47066 |
| JMS Co. Ltd.  | 6400 | &nbsp;&nbsp;&nbsp; 17241 |
| J-Oil Mills, Inc.  | 4000 | &nbsp;&nbsp;&nbsp; 51002 |
| Joshin Denki Co. Ltd.  | 3100 | &nbsp;&nbsp;&nbsp; 55306 |
| Joyful Honda Co. Ltd.  | 9800 | &nbsp;&nbsp;&nbsp; 131344 |
| JP-Holdings, Inc.  | 8000 | &nbsp;&nbsp;&nbsp; 34321 |
| JSB Co. Ltd.  | 2000 | &nbsp;&nbsp;&nbsp; 63623 |
| JSP Corp.  | 2400 | &nbsp;&nbsp;&nbsp; 35009 |
| JTEKT Corp.  | 15100 | &nbsp;&nbsp;&nbsp; 161068 |
| Juki Corp.  | 7200 | &nbsp;&nbsp;&nbsp; 29046 |
| Juroku Financial Group, Inc.  | 26500 | &nbsp;&nbsp;&nbsp; 303065 |

---

**BHFTII-110**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Justsystems Corp.  | 4500 | &nbsp;&nbsp;&nbsp; $100206 |
| JVCKenwood Corp.  | 29600 | &nbsp;&nbsp;&nbsp; 206777 |
| K&O Energy Group, Inc.  | 2000 | &nbsp;&nbsp;&nbsp; 70408 |
| Kadoya Sesame Mills, Inc.  | 2400 | &nbsp;&nbsp;&nbsp; 23541 |
| Kaga Electronics Co. Ltd.  | 6100 | &nbsp;&nbsp;&nbsp; 145791 |
| Kagome Co. Ltd.  | 6400 | &nbsp;&nbsp;&nbsp; 113599 |
| Kaken Pharmaceutical Co. Ltd.  | 3400 | &nbsp;&nbsp;&nbsp; 89237 |
| Kamakura Shinsho Ltd.  | 3700 | &nbsp;&nbsp;&nbsp; 10848 |
| Kameda Seika Co. Ltd. (d) | 6900 | &nbsp;&nbsp;&nbsp; 63131 |
| Kamei Corp.  | 3600 | &nbsp;&nbsp;&nbsp; 75723 |
| Kanaden Corp.  | 2200 | &nbsp;&nbsp;&nbsp; 29030 |
| Kanadevia Corp.  | 27700 | &nbsp;&nbsp;&nbsp; 179551 |
| Kanagawa Chuo Kotsu Co. Ltd. (d) | 1400 | &nbsp;&nbsp;&nbsp; 30982 |
| Kanamic Network Co. Ltd.  | 900 | &nbsp;&nbsp;&nbsp; 2935 |
| Kanamoto Co. Ltd.  | 5200 | &nbsp;&nbsp;&nbsp; 144214 |
| Kaneka Corp. (d) | 7300 | &nbsp;&nbsp;&nbsp; 222739 |
| Kaneko Seeds Co. Ltd.  | 1300 | &nbsp;&nbsp;&nbsp; 12212 |
| Kanematsu Corp.  | 28200 | &nbsp;&nbsp;&nbsp; 400745 |
| Kanemi Co. Ltd. (d) | 100 | &nbsp;&nbsp;&nbsp; 2207 |
| Kanto Denka Kogyo Co. Ltd.  | 9000 | &nbsp;&nbsp;&nbsp; 78174 |
| Kappa Create Co. Ltd. (a) (d) | 1000 | &nbsp;&nbsp;&nbsp; 9901 |
| Katakura Industries Co. Ltd.  | 2500 | &nbsp;&nbsp;&nbsp; 44239 |
| Katitas Co. Ltd. (d) | 9800 | &nbsp;&nbsp;&nbsp; 196868 |
| Kato Sangyo Co. Ltd.  | 3900 | &nbsp;&nbsp;&nbsp; 165523 |
| Kato Works Co. Ltd.  | 2500 | &nbsp;&nbsp;&nbsp; 21991 |
| Kawada Technologies, Inc.  | 8100 | &nbsp;&nbsp;&nbsp; 79481 |
| Kawai Musical Instruments Manufacturing Co. Ltd.  | 1600 | &nbsp;&nbsp;&nbsp; 28676 |
| KeePer Technical Laboratory Co. Ltd. (d) | 2500 | &nbsp;&nbsp;&nbsp; 47672 |
| Keihan Holdings Co. Ltd.  | 6400 | &nbsp;&nbsp;&nbsp; 130747 |
| Keihanshin Building Co. Ltd.  | 6100 | &nbsp;&nbsp;&nbsp; 75065 |
| Keihin Co. Ltd.  | 2300 | &nbsp;&nbsp;&nbsp; 40545 |
| Keikyu Corp.  | 9000 | &nbsp;&nbsp;&nbsp; 86892 |
| Keio Corp.  | 5000 | &nbsp;&nbsp;&nbsp; 24434 |
| KEIWA, Inc.  | 1200 | &nbsp;&nbsp;&nbsp; 9000 |
| Keiyo Bank Ltd.  | 14500 | &nbsp;&nbsp;&nbsp; 187767 |
| Kenko Mayonnaise Co. Ltd.  | 2400 | &nbsp;&nbsp;&nbsp; 33586 |
| KH Neochem Co. Ltd.  | 6700 | &nbsp;&nbsp;&nbsp; 116944 |
| Kibun Foods, Inc. (d) | 1500 | &nbsp;&nbsp;&nbsp; 9894 |
| Kimura Chemical Plants Co. Ltd. (d) | 3300 | &nbsp;&nbsp;&nbsp; 32429 |
| King Jim Co. Ltd. (d) | 1400 | &nbsp;&nbsp;&nbsp; 7160 |
| Kintetsu Department Store Co. Ltd.  | 400 | &nbsp;&nbsp;&nbsp; 4494 |
| Kissei Pharmaceutical Co. Ltd.  | 5400 | &nbsp;&nbsp;&nbsp; 159273 |
| Ki-Star Real Estate Co. Ltd.  | 3600 | &nbsp;&nbsp;&nbsp; 75737 |
| Kitagawa Corp.  | 2100 | &nbsp;&nbsp;&nbsp; 20871 |
| Kita-Nippon Bank Ltd.  | 1100 | &nbsp;&nbsp;&nbsp; 32029 |
| Kitano Construction Corp. (d) | 4500 | &nbsp;&nbsp;&nbsp; 35103 |
| Kitz Corp.  | 11700 | &nbsp;&nbsp;&nbsp; 135176 |
| Kiyo Bank Ltd. (d) | 10100 | &nbsp;&nbsp;&nbsp; 248603 |
| Koa Corp.  | 6400 | &nbsp;&nbsp;&nbsp; 60611 |
| Koatsu Gas Kogyo Co. Ltd.  | 5600 | &nbsp;&nbsp;&nbsp; 39322 |
| Kobe Electric Railway Co. Ltd. (d) | 1400 | &nbsp;&nbsp;&nbsp; 21578 |
| Kohnan Shoji Co. Ltd. (d) | 3700 | &nbsp;&nbsp;&nbsp; 95546 |
| Koike Sanso Kogyo Co. Ltd. (d) | 2600 | &nbsp;&nbsp;&nbsp; 31961 |
| Kojima Co. Ltd.  | 6600 | &nbsp;&nbsp;&nbsp; 54503 |
| Kokuyo Co. Ltd.  | 15300 | &nbsp;&nbsp;&nbsp; 83433 |
| Komatsu Matere Co. Ltd.  | 4200 | &nbsp;&nbsp;&nbsp; 20548 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Komatsu Wall Industry Co. Ltd.  | 2900 | &nbsp;&nbsp;&nbsp; $47680 |
| KOMEDA Holdings Co. Ltd.  | 8500 | &nbsp;&nbsp;&nbsp; 158740 |
| Komehyo Holdings Co. Ltd. (d) | 1300 | &nbsp;&nbsp;&nbsp; 35484 |
| Komeri Co. Ltd.  | 4900 | &nbsp;&nbsp;&nbsp; 108697 |
| Komori Corp.  | 8600 | &nbsp;&nbsp;&nbsp; 84054 |
| Konaka Co. Ltd. (d) | 7300 | &nbsp;&nbsp;&nbsp; 11046 |
| Kondotec, Inc. (d) | 4500 | &nbsp;&nbsp;&nbsp; 42761 |
| Konica Minolta, Inc.  | 87800 | &nbsp;&nbsp;&nbsp; 294107 |
| Konishi Co. Ltd.  | 10000 | &nbsp;&nbsp;&nbsp; 87271 |
| Konoike Transport Co. Ltd. (d) | 5200 | &nbsp;&nbsp;&nbsp; 95883 |
| Konoshima Chemical Co. Ltd.  | 600 | &nbsp;&nbsp;&nbsp; 7074 |
| Kosaido Holdings Co. Ltd. (d) | 12300 | &nbsp;&nbsp;&nbsp; 38327 |
| Kose Holdings Corp.  | 700 | &nbsp;&nbsp;&nbsp; 26109 |
| Koshidaka Holdings Co. Ltd. (d) | 6000 | &nbsp;&nbsp;&nbsp; 41092 |
| Kotobuki Spirits Co. Ltd. (d) | 13000 | &nbsp;&nbsp;&nbsp; 150695 |
| Kotobukiya Co. Ltd. (d) | 1500 | &nbsp;&nbsp;&nbsp; 12751 |
| Kozo Keikaku Engineering Holdings, Inc. (d) | 1900 | &nbsp;&nbsp;&nbsp; 35125 |
| KPP Group Holdings Co. Ltd.  | 3700 | &nbsp;&nbsp;&nbsp; 20689 |
| KRS Corp.  | 2300 | &nbsp;&nbsp;&nbsp; 41267 |
| K's Holdings Corp.  | 24500 | &nbsp;&nbsp;&nbsp; 259583 |
| KU Holdings Co. Ltd.  | 4200 | &nbsp;&nbsp;&nbsp; 31459 |
| Kumagai Gumi Co. Ltd. (d) | 16100 | &nbsp;&nbsp;&nbsp; 158163 |
| Kumiai Chemical Industry Co. Ltd.  | 10995 | &nbsp;&nbsp;&nbsp; 54026 |
| Kunimine Industries Co. Ltd.  | 1200 | &nbsp;&nbsp;&nbsp; 9934 |
| Kura Sushi, Inc. (d) | 1800 | &nbsp;&nbsp;&nbsp; 41244 |
| Kurabo Industries Ltd. (d) | 2100 | &nbsp;&nbsp;&nbsp; 113120 |
| Kuraray Co. Ltd.  | 14300 | &nbsp;&nbsp;&nbsp; 150570 |
| Kureha Corp. (d) | 4800 | &nbsp;&nbsp;&nbsp; 120835 |
| Kurimoto Ltd. (d) | 7000 | &nbsp;&nbsp;&nbsp; 68880 |
| Kuriyama Holdings Corp.  | 2300 | &nbsp;&nbsp;&nbsp; 27219 |
| Kusuri No. Aoki Holdings Co. Ltd. (d) | 7400 | &nbsp;&nbsp;&nbsp; 181000 |
| KYB Corp. (d) | 5700 | &nbsp;&nbsp;&nbsp; 150292 |
| Kyodo Printing Co. Ltd.  | 3800 | &nbsp;&nbsp;&nbsp; 38463 |
| Kyoei Steel Ltd.  | 3600 | &nbsp;&nbsp;&nbsp; 53429 |
| Kyokuto Boeki Kaisha Ltd.  | 2700 | &nbsp;&nbsp;&nbsp; 31985 |
| Kyokuto Kaihatsu Kogyo Co. Ltd.  | 5400 | &nbsp;&nbsp;&nbsp; 99266 |
| Kyokuto Securities Co. Ltd. (d) | 4100 | &nbsp;&nbsp;&nbsp; 43245 |
| Kyokuyo Co. Ltd.  | 1800 | &nbsp;&nbsp;&nbsp; 56820 |
| Kyorin Pharmaceutical Co. Ltd.  | 7400 | &nbsp;&nbsp;&nbsp; 77260 |
| KYORITSU Co. Ltd.  | 6800 | &nbsp;&nbsp;&nbsp; 9568 |
| Kyoritsu Maintenance Co. Ltd. (d) | 13200 | &nbsp;&nbsp;&nbsp; 203492 |
| Kyosan Electric Manufacturing Co. Ltd.  | 7100 | &nbsp;&nbsp;&nbsp; 28040 |
| Kyowa Electronic Instruments Co. Ltd.  | 3600 | &nbsp;&nbsp;&nbsp; 16047 |
| Kyowa Leather Cloth Co. Ltd.  | 3300 | &nbsp;&nbsp;&nbsp; 19911 |
| Kyushu Financial Group, Inc. (d) | 17500 | &nbsp;&nbsp;&nbsp; 127307 |
| LA Holdings Co. Ltd.  | 300 | &nbsp;&nbsp;&nbsp; 16946 |
| Lacto Japan Co. Ltd.  | 1400 | &nbsp;&nbsp;&nbsp; 31884 |
| LEC, Inc.  | 5000 | &nbsp;&nbsp;&nbsp; 35585 |
| Leopalace21 Corp.  | 24800 | &nbsp;&nbsp;&nbsp; 100887 |
| Life Corp.  | 6800 | &nbsp;&nbsp;&nbsp; 109917 |
| LIFULL Co. Ltd.  | 17000 | &nbsp;&nbsp;&nbsp; 20670 |
| LIKE, Inc.  | 2100 | &nbsp;&nbsp;&nbsp; 20658 |
| Link & Motivation, Inc.  | 8900 | &nbsp;&nbsp;&nbsp; 31276 |
| Lintec Corp.  | 7500 | &nbsp;&nbsp;&nbsp; 215772 |
| Lion Corp.  | 9500 | &nbsp;&nbsp;&nbsp; 99169 |
| LITALICO, Inc.  | 4700 | &nbsp;&nbsp;&nbsp; 33961 |

---

**BHFTII-111**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Look Holdings, Inc. (d) | 1600 | &nbsp;&nbsp;&nbsp; $25356 |
| Mabuchi Motor Co. Ltd.  | 29800 | &nbsp;&nbsp;&nbsp; 299108 |
| Macnica Holdings, Inc.  | 3300 | &nbsp;&nbsp;&nbsp; 49614 |
| Maeda Kosen Co. Ltd.  | 8400 | &nbsp;&nbsp;&nbsp; 103691 |
| Maezawa Kasei Industries Co. Ltd.  | 2000 | &nbsp;&nbsp;&nbsp; 27010 |
| Maezawa Kyuso Industries Co. Ltd.  | 3600 | &nbsp;&nbsp;&nbsp; 35915 |
| Makino Milling Machine Co. Ltd. (a) | 3000 | &nbsp;&nbsp;&nbsp; 217239 |
| Management Solutions Co. Ltd.  | 1800 | &nbsp;&nbsp;&nbsp; 14538 |
| Mandom Corp. (d) | 7000 | &nbsp;&nbsp;&nbsp; 136060 |
| Mani, Inc.  | 15000 | &nbsp;&nbsp;&nbsp; 144579 |
| MarkLines Co. Ltd.  | 3000 | &nbsp;&nbsp;&nbsp; 29083 |
| Mars Group Holdings Corp. (d) | 2200 | &nbsp;&nbsp;&nbsp; 42111 |
| Marubun Corp.  | 4200 | &nbsp;&nbsp;&nbsp; 29885 |
| Marudai Food Co. Ltd.  | 3800 | &nbsp;&nbsp;&nbsp; 54791 |
| Marufuji Sheet Piling Co. Ltd. (d) | 2500 | &nbsp;&nbsp;&nbsp; 16215 |
| Maruichi Steel Tube Ltd. (d) | 27900 | &nbsp;&nbsp;&nbsp; 253417 |
| Marusan Securities Co. Ltd. (d) | 9900 | &nbsp;&nbsp;&nbsp; 62939 |
| Maruyama Manufacturing Co., Inc.  | 1500 | &nbsp;&nbsp;&nbsp; 21042 |
| Maruzen CHI Holdings Co. Ltd. (d) | 11900 | &nbsp;&nbsp;&nbsp; 25992 |
| Maruzen Co. Ltd.  | 900 | &nbsp;&nbsp;&nbsp; 22399 |
| Maruzen Showa Unyu Co. Ltd.  | 2100 | &nbsp;&nbsp;&nbsp; 110441 |
| Marvelous, Inc.  | 9500 | &nbsp;&nbsp;&nbsp; 27268 |
| Matching Service Japan Co. Ltd. (d) | 1200 | &nbsp;&nbsp;&nbsp; 7473 |
| Matsuda Sangyo Co. Ltd.  | 2700 | &nbsp;&nbsp;&nbsp; 109241 |
| Matsui Construction Co. Ltd.  | 2800 | &nbsp;&nbsp;&nbsp; 28442 |
| Matsui Securities Co. Ltd. (d) | 20100 | &nbsp;&nbsp;&nbsp; 120685 |
| Matsuyafoods Holdings Co. Ltd.  | 400 | &nbsp;&nbsp;&nbsp; 14394 |
| Max Co. Ltd. (d) | 18000 | &nbsp;&nbsp;&nbsp; 185180 |
| Maxell Ltd. (d) | 7800 | &nbsp;&nbsp;&nbsp; 103709 |
| Maxvalu Tokai Co. Ltd.  | 1700 | &nbsp;&nbsp;&nbsp; 38758 |
| MCJ Co. Ltd.  | 13500 | &nbsp;&nbsp;&nbsp; 196590 |
| MEC Co. Ltd.  | 3000 | &nbsp;&nbsp;&nbsp; 125488 |
| Media Do Co. Ltd.  | 2100 | &nbsp;&nbsp;&nbsp; 20953 |
| Medical System Network Co. Ltd.  | 7000 | &nbsp;&nbsp;&nbsp; 23978 |
| Medikit Co. Ltd.  | 1300 | &nbsp;&nbsp;&nbsp; 24547 |
| Medius Holdings Co. Ltd.  | 1800 | &nbsp;&nbsp;&nbsp; 9356 |
| Medley, Inc. (a) (d) | 1700 | &nbsp;&nbsp;&nbsp; 20506 |
| Megmilk Snow Brand Co. Ltd.  | 7700 | &nbsp;&nbsp;&nbsp; 157679 |
| Meidensha Corp.  | 6500 | &nbsp;&nbsp;&nbsp; 318342 |
| Meiji Electric Industries Co. Ltd.  | 1000 | &nbsp;&nbsp;&nbsp; 12842 |
| Meiji Shipping Group Co. Ltd. (d) | 4300 | &nbsp;&nbsp;&nbsp; 36509 |
| Meiko Electronics Co. Ltd. (d) | 2000 | &nbsp;&nbsp;&nbsp; 319201 |
| Meisei Industrial Co. Ltd.  | 6300 | &nbsp;&nbsp;&nbsp; 69249 |
| MEITEC Group Holdings, Inc.  | 12800 | &nbsp;&nbsp;&nbsp; 266181 |
| Meito Co. Ltd. (d) | 2200 | &nbsp;&nbsp;&nbsp; 41559 |
| Meiwa Corp. (d) | 4200 | &nbsp;&nbsp;&nbsp; 21159 |
| Meiwa Estate Co. Ltd. (d) | 3800 | &nbsp;&nbsp;&nbsp; 23446 |
| Menicon Co. Ltd. (d) | 12200 | &nbsp;&nbsp;&nbsp; 132026 |
| Mercari, Inc. (a) (d) | 18000 | &nbsp;&nbsp;&nbsp; 423704 |
| Mercuria Holdings Co. Ltd.  | 2100 | &nbsp;&nbsp;&nbsp; 9482 |
| METAWATER Co. Ltd.  | 3600 | &nbsp;&nbsp;&nbsp; 79021 |
| Micronics Japan Co. Ltd.  | 5100 | &nbsp;&nbsp;&nbsp; 314130 |
| Midac Holdings Co. Ltd.  | 900 | &nbsp;&nbsp;&nbsp; 11004 |
| Mie Kotsu Group Holdings, Inc. (d) | 8600 | &nbsp;&nbsp;&nbsp; 29895 |
| Mikuni Corp.  | 7300 | &nbsp;&nbsp;&nbsp; 17707 |
| Milbon Co. Ltd.  | 6120 | &nbsp;&nbsp;&nbsp; 104435 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| MIMAKI ENGINEERING Co. Ltd.  | 1700 | &nbsp;&nbsp;&nbsp; $17137 |
| Miraial Co. Ltd. (d) | 2900 | &nbsp;&nbsp;&nbsp; 20372 |
| Mirait One Corp.  | 15780 | &nbsp;&nbsp;&nbsp; 362132 |
| Mirarth Holdings, Inc. (d) | 18300 | &nbsp;&nbsp;&nbsp; 46227 |
| Miroku Jyoho Service Co. Ltd.  | 3700 | &nbsp;&nbsp;&nbsp; 40706 |
| Mitani Corp.  | 20500 | &nbsp;&nbsp;&nbsp; 301645 |
| Mitani Sekisan Co. Ltd.  | 7200 | &nbsp;&nbsp;&nbsp; 79989 |
| Mito Securities Co. Ltd. (d) | 10400 | &nbsp;&nbsp;&nbsp; 45435 |
| Mitsuba Corp. (d) | 6900 | &nbsp;&nbsp;&nbsp; 53420 |
| Mitsubishi Kakoki Kaisha Ltd. (d) | 2400 | &nbsp;&nbsp;&nbsp; 45808 |
| Mitsubishi Paper Mills Ltd. (d) | 5400 | &nbsp;&nbsp;&nbsp; 28447 |
| Mitsubishi Pencil Co. Ltd.  | 5400 | &nbsp;&nbsp;&nbsp; 79548 |
| Mitsubishi Research Institute, Inc.  | 2000 | &nbsp;&nbsp;&nbsp; 59460 |
| Mitsubishi Steel Manufacturing Co. Ltd. (d) | 2500 | &nbsp;&nbsp;&nbsp; 28449 |
| Mitsuboshi Belting Ltd. (d) | 3900 | &nbsp;&nbsp;&nbsp; 97660 |
| Mitsui DM Sugar Co. Ltd.  | 2900 | &nbsp;&nbsp;&nbsp; 62398 |
| Mitsui High-Tec, Inc.  | 14000 | &nbsp;&nbsp;&nbsp; 53704 |
| Mitsui Matsushima Holdings Co. Ltd. (d) | 7000 | &nbsp;&nbsp;&nbsp; 59111 |
| Mitsui-Soko Holdings Co. Ltd. (d) | 10900 | &nbsp;&nbsp;&nbsp; 277634 |
| Mitsuuroko Group Holdings Co. Ltd.  | 5500 | &nbsp;&nbsp;&nbsp; 83982 |
| MIXI, Inc. (d) | 6400 | &nbsp;&nbsp;&nbsp; 102968 |
| Miyaji Engineering Group, Inc. (d) | 4500 | &nbsp;&nbsp;&nbsp; 49243 |
| Miyazaki Bank Ltd. (d) | 12000 | &nbsp;&nbsp;&nbsp; 138135 |
| Miyoshi Oil & Fat Co. Ltd.  | 1600 | &nbsp;&nbsp;&nbsp; 22800 |
| Mizuho Leasing Co. Ltd.  | 24800 | &nbsp;&nbsp;&nbsp; 219543 |
| Mizuho Medy Co. Ltd.  | 1000 | &nbsp;&nbsp;&nbsp; 11520 |
| Mizuno Corp.  | 2200 | &nbsp;&nbsp;&nbsp; 47805 |
| Mochida Pharmaceutical Co. Ltd. (d) | 4200 | &nbsp;&nbsp;&nbsp; 92492 |
| Monogatari Corp.  | 6100 | &nbsp;&nbsp;&nbsp; 182036 |
| MORESCO Corp. (d) | 1600 | &nbsp;&nbsp;&nbsp; 18691 |
| Morinaga & Co. Ltd.  | 12500 | &nbsp;&nbsp;&nbsp; 213646 |
| Morinaga Milk Industry Co. Ltd.  | 11700 | &nbsp;&nbsp;&nbsp; 352697 |
| Moriroku Co. Ltd.  | 800 | &nbsp;&nbsp;&nbsp; 12235 |
| Morita Holdings Corp.  | 6100 | &nbsp;&nbsp;&nbsp; 104418 |
| Morito Co. Ltd. (d) | 3400 | &nbsp;&nbsp;&nbsp; 40167 |
| Mory Industries, Inc.  | 4600 | &nbsp;&nbsp;&nbsp; 27668 |
| MOS Food Services, Inc. (d) | 1000 | &nbsp;&nbsp;&nbsp; 26801 |
| MrMax Holdings Ltd.  | 4100 | &nbsp;&nbsp;&nbsp; 19282 |
| Mugen Estate Co. Ltd.  | 1700 | &nbsp;&nbsp;&nbsp; 23592 |
| m-up Holdings, Inc.  | 11800 | &nbsp;&nbsp;&nbsp; 47647 |
| Murakami Corp.  | 1200 | &nbsp;&nbsp;&nbsp; 50594 |
| Musashi Seimitsu Industry Co. Ltd. (d) | 9400 | &nbsp;&nbsp;&nbsp; 159940 |
| Musashino Bank Ltd.  | 12900 | &nbsp;&nbsp;&nbsp; 172802 |
| NAC Co. Ltd. (d) | 7200 | &nbsp;&nbsp;&nbsp; 23696 |
| Nachi-Fujikoshi Corp.  | 2700 | &nbsp;&nbsp;&nbsp; 77811 |
| Nafco Co. Ltd.  | 2600 | &nbsp;&nbsp;&nbsp; 34832 |
| Nagano Keiki Co. Ltd. (d) | 2800 | &nbsp;&nbsp;&nbsp; 49291 |
| Nagase & Co. Ltd. (d) | 55600 | &nbsp;&nbsp;&nbsp; 412129 |
| Nagoya Railroad Co. Ltd. (d) | 22000 | &nbsp;&nbsp;&nbsp; 240265 |
| Nakabayashi Co. Ltd.  | 5500 | &nbsp;&nbsp;&nbsp; 20565 |
| Nakamuraya Co. Ltd. (d) | 1600 | &nbsp;&nbsp;&nbsp; 33427 |
| Nakanishi, Inc.  | 13200 | &nbsp;&nbsp;&nbsp; 227178 |
| Nakano Corp.  | 2600 | &nbsp;&nbsp;&nbsp; 21831 |
| Nakayama Steel Works Ltd.  | 6300 | &nbsp;&nbsp;&nbsp; 24694 |
| Nakayamafuku Co. Ltd.  | 2000 | &nbsp;&nbsp;&nbsp; 5825 |
| Namura Shipbuilding Co. Ltd. (d) | 8856 | &nbsp;&nbsp;&nbsp; 244546 |

---

**BHFTII-112**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Nankai Electric Railway Co. Ltd.  | 9200 | &nbsp;&nbsp;&nbsp; $178364 |
| Nanto Bank Ltd.  | 21500 | &nbsp;&nbsp;&nbsp; 194809 |
| Narasaki Sangyo Co. Ltd.  | 800 | &nbsp;&nbsp;&nbsp; 22518 |
| Natori Co. Ltd. (d) | 2600 | &nbsp;&nbsp;&nbsp; 31466 |
| NCD Co. Ltd./Shinagawa | 1200 | &nbsp;&nbsp;&nbsp; 20137 |
| NE, Inc. (a) | 1800 | &nbsp;&nbsp;&nbsp; 7387 |
| NEC Capital Solutions Ltd.  | 1500 | &nbsp;&nbsp;&nbsp; 38681 |
| Neturen Co. Ltd.  | 4300 | &nbsp;&nbsp;&nbsp; 34346 |
| New Art Holdings Co. Ltd.  | 1358 | &nbsp;&nbsp;&nbsp; 12327 |
| New Japan Chemical Co. Ltd. (d) | 9900 | &nbsp;&nbsp;&nbsp; 12733 |
| Nextage Co. Ltd.  | 8300 | &nbsp;&nbsp;&nbsp; 167237 |
| NexTone, Inc.  | 700 | &nbsp;&nbsp;&nbsp; 6700 |
| NF Holdings Corp. (d) | 1600 | &nbsp;&nbsp;&nbsp; 13578 |
| Nicca Chemical Co. Ltd.  | 1400 | &nbsp;&nbsp;&nbsp; 14308 |
| Nice Corp.  | 2300 | &nbsp;&nbsp;&nbsp; 30273 |
| Nichia Steel Works Ltd.  | 5100 | &nbsp;&nbsp;&nbsp; 11898 |
| Nichias Corp. (d) | 20700 | &nbsp;&nbsp;&nbsp; 383645 |
| Nichiban Co. Ltd. (d) | 2300 | &nbsp;&nbsp;&nbsp; 27352 |
| Nichicon Corp. (d) | 8300 | &nbsp;&nbsp;&nbsp; 92326 |
| Nichiden Corp.  | 2900 | &nbsp;&nbsp;&nbsp; 44078 |
| Nichiha Corp.  | 3800 | &nbsp;&nbsp;&nbsp; 78570 |
| Nichimo Co. Ltd.  | 1300 | &nbsp;&nbsp;&nbsp; 20757 |
| Nichirei Corp.  | 12500 | &nbsp;&nbsp;&nbsp; 156084 |
| Nichireki Group Co. Ltd.  | 4400 | &nbsp;&nbsp;&nbsp; 59273 |
| Nichirin Co. Ltd.  | 1400 | &nbsp;&nbsp;&nbsp; 36184 |
| Nifco, Inc.  | 5400 | &nbsp;&nbsp;&nbsp; 152763 |
| Nihon Dempa Kogyo Co. Ltd. (d) | 3300 | &nbsp;&nbsp;&nbsp; 25125 |
| Nihon Dengi Co. Ltd. (d) | 3200 | &nbsp;&nbsp;&nbsp; 46198 |
| Nihon Flush Co. Ltd. (d) | 3600 | &nbsp;&nbsp;&nbsp; 18262 |
| Nihon House Holdings Co. Ltd.  | 10000 | &nbsp;&nbsp;&nbsp; 19948 |
| Nihon Kagaku Sangyo Co. Ltd.  | 2300 | &nbsp;&nbsp;&nbsp; 34883 |
| Nihon M&A Center Holdings, Inc. (d) | 53600 | &nbsp;&nbsp;&nbsp; 216227 |
| Nihon Nohyaku Co. Ltd.  | 5700 | &nbsp;&nbsp;&nbsp; 36305 |
| Nihon Parkerizing Co. Ltd.  | 13400 | &nbsp;&nbsp;&nbsp; 123611 |
| Nihon Plast Co. Ltd.  | 4500 | &nbsp;&nbsp;&nbsp; 11874 |
| Nihon Tokushu Toryo Co. Ltd.  | 2200 | &nbsp;&nbsp;&nbsp; 30589 |
| Nihon Yamamura Glass Co. Ltd.  | 2100 | &nbsp;&nbsp;&nbsp; 37670 |
| Nikkiso Co. Ltd.  | 8100 | &nbsp;&nbsp;&nbsp; 129203 |
| Nikko Co. Ltd.  | 6900 | &nbsp;&nbsp;&nbsp; 34243 |
| Nikkon Holdings Co. Ltd. (d) | 18100 | &nbsp;&nbsp;&nbsp; 489845 |
| Nippn Corp.  | 10000 | &nbsp;&nbsp;&nbsp; 171516 |
| Nippon Air Conditioning Services Co. Ltd.  | 3700 | &nbsp;&nbsp;&nbsp; 35009 |
| Nippon Aqua Co. Ltd.  | 3000 | &nbsp;&nbsp;&nbsp; 13414 |
| Nippon Beet Sugar Manufacturing Co. Ltd. (d) | 1700 | &nbsp;&nbsp;&nbsp; 44285 |
| Nippon Carbide Industries Co., Inc.  | 1400 | &nbsp;&nbsp;&nbsp; 23667 |
| Nippon Carbon Co. Ltd.  | 1400 | &nbsp;&nbsp;&nbsp; 39868 |
| Nippon Chemical Industrial Co. Ltd. (d) | 1400 | &nbsp;&nbsp;&nbsp; 25571 |
| Nippon Chemi-Con Corp.  | 4400 | &nbsp;&nbsp;&nbsp; 40960 |
| Nippon Coke & Engineering Co. Ltd. (a) | 47000 | &nbsp;&nbsp;&nbsp; 33898 |
| Nippon Concrete Industries Co. Ltd. (d) | 9100 | &nbsp;&nbsp;&nbsp; 18263 |
| Nippon Denko Co. Ltd.  | 18565 | &nbsp;&nbsp;&nbsp; 48913 |
| Nippon Densetsu Kogyo Co. Ltd. (d) | 6300 | &nbsp;&nbsp;&nbsp; 192185 |
| Nippon Dry-Chemical Co. Ltd. (d) | 4000 | &nbsp;&nbsp;&nbsp; 63284 |
| Nippon Electric Glass Co. Ltd.  | 7500 | &nbsp;&nbsp;&nbsp; 289521 |
| Nippon Felt Co. Ltd.  | 5000 | &nbsp;&nbsp;&nbsp; 27537 |
| Nippon Filcon Co. Ltd. (d) | 5200 | &nbsp;&nbsp;&nbsp; 19027 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Nippon Gas Co. Ltd. (d) | 18600 | &nbsp;&nbsp;&nbsp; $345822 |
| Nippon Hume Corp. (d) | 11200 | &nbsp;&nbsp;&nbsp; 77573 |
| Nippon Kayaku Co. Ltd.  | 23700 | &nbsp;&nbsp;&nbsp; 265696 |
| Nippon Kodoshi Corp.  | 1600 | &nbsp;&nbsp;&nbsp; 36188 |
| Nippon Light Metal Holdings Co. Ltd. (d) | 9200 | &nbsp;&nbsp;&nbsp; 164639 |
| Nippon Paper Industries Co. Ltd. (d) | 18500 | &nbsp;&nbsp;&nbsp; 149261 |
| Nippon Parking Development Co. Ltd.  | 38400 | &nbsp;&nbsp;&nbsp; 64794 |
| Nippon Rietec Co. Ltd.  | 2600 | &nbsp;&nbsp;&nbsp; 41783 |
| Nippon Seiki Co. Ltd.  | 7500 | &nbsp;&nbsp;&nbsp; 110937 |
| Nippon Seisen Co. Ltd. (d) | 3500 | &nbsp;&nbsp;&nbsp; 28353 |
| Nippon Sharyo Ltd.  | 1400 | &nbsp;&nbsp;&nbsp; 31077 |
| Nippon Sheet Glass Co. Ltd. (a) | 15100 | &nbsp;&nbsp;&nbsp; 47390 |
| Nippon Shinyaku Co. Ltd.  | 5300 | &nbsp;&nbsp;&nbsp; 172850 |
| Nippon Shokubai Co. Ltd.  | 12400 | &nbsp;&nbsp;&nbsp; 179253 |
| Nippon Signal Co. Ltd.  | 8300 | &nbsp;&nbsp;&nbsp; 84997 |
| Nippon Soda Co. Ltd.  | 7900 | &nbsp;&nbsp;&nbsp; 175652 |
| Nippon Thompson Co. Ltd.  | 7200 | &nbsp;&nbsp;&nbsp; 40213 |
| Nippon Yakin Kogyo Co. Ltd. (d) | 2000 | &nbsp;&nbsp;&nbsp; 59236 |
| Nipro Corp. (d) | 29300 | &nbsp;&nbsp;&nbsp; 288599 |
| Nishikawa Rubber Co. Ltd.  | 2000 | &nbsp;&nbsp;&nbsp; 44941 |
| Nishimatsu Construction Co. Ltd. (d) | 5000 | &nbsp;&nbsp;&nbsp; 182551 |
| Nishi-Nippon Financial Holdings, Inc.  | 13200 | &nbsp;&nbsp;&nbsp; 315515 |
| Nishi-Nippon Railroad Co. Ltd.  | 11000 | &nbsp;&nbsp;&nbsp; 211020 |
| Nishio Holdings Co. Ltd.  | 3600 | &nbsp;&nbsp;&nbsp; 99097 |
| Nissan Shatai Co. Ltd.  | 12600 | &nbsp;&nbsp;&nbsp; 75728 |
| Nissan Tokyo Sales Holdings Co. Ltd.  | 7000 | &nbsp;&nbsp;&nbsp; 22573 |
| Nissei ASB Machine Co. Ltd.  | 1600 | &nbsp;&nbsp;&nbsp; 76273 |
| Nissei Plastic Industrial Co. Ltd. (a) (b) (c) | 2600 | &nbsp;&nbsp;&nbsp; 13955 |
| Nissha Co. Ltd.  | 7400 | &nbsp;&nbsp;&nbsp; 57388 |
| Nisshin Group Holdings Co. Ltd. (d) | 7100 | &nbsp;&nbsp;&nbsp; 31958 |
| Nisshin Oillio Group Ltd. (d) | 13200 | &nbsp;&nbsp;&nbsp; 159428 |
| Nisshinbo Holdings, Inc.  | 25320 | &nbsp;&nbsp;&nbsp; 234715 |
| Nisso Holdings Co. Ltd.  | 1400 | &nbsp;&nbsp;&nbsp; 5421 |
| Nissui Corp.  | 50900 | &nbsp;&nbsp;&nbsp; 434340 |
| Nitta Corp.  | 3700 | &nbsp;&nbsp;&nbsp; 104175 |
| Nitta Gelatin, Inc. (d) | 3200 | &nbsp;&nbsp;&nbsp; 24685 |
| Nittetsu Mining Co. Ltd. (d) | 9000 | &nbsp;&nbsp;&nbsp; 145802 |
| Nitto Fuji Flour Milling Co. Ltd.  | 3200 | &nbsp;&nbsp;&nbsp; 36638 |
| Nitto Kogyo Corp. (d) | 4800 | &nbsp;&nbsp;&nbsp; 130129 |
| Nitto Kohki Co. Ltd.  | 2300 | &nbsp;&nbsp;&nbsp; 23836 |
| Nitto Seiko Co. Ltd. (d) | 6000 | &nbsp;&nbsp;&nbsp; 29172 |
| Nittoc Construction Co. Ltd.  | 4450 | &nbsp;&nbsp;&nbsp; 35080 |
| Noevir Holdings Co. Ltd.  | 3200 | &nbsp;&nbsp;&nbsp; 91392 |
| Nojima Corp. (d) | 33500 | &nbsp;&nbsp;&nbsp; 230609 |
| NOK Corp.  | 900 | &nbsp;&nbsp;&nbsp; 16225 |
| Noritake Co. Ltd.  | 6200 | &nbsp;&nbsp;&nbsp; 123582 |
| Noritsu Koki Co. Ltd.  | 9400 | &nbsp;&nbsp;&nbsp; 120844 |
| Noritz Corp.  | 5500 | &nbsp;&nbsp;&nbsp; 79945 |
| North Pacific Bank Ltd.  | 45000 | &nbsp;&nbsp;&nbsp; 274589 |
| NPR-RIKEN Corp.  | 4264 | &nbsp;&nbsp;&nbsp; 102699 |
| NS Tool Co. Ltd. (d) | 4800 | &nbsp;&nbsp;&nbsp; 25042 |
| NS United Kaiun Kaisha Ltd.  | 1700 | &nbsp;&nbsp;&nbsp; 79267 |
| NSD Co. Ltd.  | 12440 | &nbsp;&nbsp;&nbsp; 215971 |
| NSK Ltd.  | 23400 | &nbsp;&nbsp;&nbsp; 164880 |
| NSW, Inc.  | 1900 | &nbsp;&nbsp;&nbsp; 29501 |
| NTN Corp. (d) | 79300 | &nbsp;&nbsp;&nbsp; 163520 |

---

**BHFTII-113**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Oat Agrio Co. Ltd.  | 400 | &nbsp;&nbsp;&nbsp; $7255 |
| Obara Group, Inc. (d) | 1900 | &nbsp;&nbsp;&nbsp; 63152 |
| Oenon Holdings, Inc.  | 6300 | &nbsp;&nbsp;&nbsp; 17258 |
| Ogaki Kyoritsu Bank Ltd.  | 5900 | &nbsp;&nbsp;&nbsp; 232587 |
| Ohara, Inc.  | 1600 | &nbsp;&nbsp;&nbsp; 10889 |
| Ohashi Technica, Inc.  | 4500 | &nbsp;&nbsp;&nbsp; 31624 |
| Ohba Co. Ltd. (d) | 3200 | &nbsp;&nbsp;&nbsp; 24242 |
| Ohsho Food Service Corp. (d) | 6600 | &nbsp;&nbsp;&nbsp; 128898 |
| OIE Sangyo Co. Ltd.  | 800 | &nbsp;&nbsp;&nbsp; 12729 |
| Oiles Corp.  | 4400 | &nbsp;&nbsp;&nbsp; 66735 |
| Oita Bank Ltd. (d) | 12000 | &nbsp;&nbsp;&nbsp; 146149 |
| Okabe Co. Ltd.  | 6800 | &nbsp;&nbsp;&nbsp; 40727 |
| Okada Aiyon Corp. (d) | 1900 | &nbsp;&nbsp;&nbsp; 26436 |
| Okamoto Industries, Inc.  | 1800 | &nbsp;&nbsp;&nbsp; 68436 |
| Okamoto Machine Tool Works Ltd.  | 1000 | &nbsp;&nbsp;&nbsp; 24367 |
| Okamura Corp.  | 11100 | &nbsp;&nbsp;&nbsp; 174531 |
| Okasan Securities Group, Inc. (d) | 24600 | &nbsp;&nbsp;&nbsp; 129816 |
| Oki Electric Industry Co. Ltd.  | 15200 | &nbsp;&nbsp;&nbsp; 257146 |
| Okinawa Cellular Telephone Co.  | 7600 | &nbsp;&nbsp;&nbsp; 165849 |
| Okinawa Electric Power Co., Inc. (d) | 8627 | &nbsp;&nbsp;&nbsp; 57805 |
| Okinawa Financial Group, Inc. (d) | 3260 | &nbsp;&nbsp;&nbsp; 109984 |
| OKUMA Corp.  | 8200 | &nbsp;&nbsp;&nbsp; 186264 |
| Okumura Corp. (d) | 5500 | &nbsp;&nbsp;&nbsp; 222543 |
| Okura Industrial Co. Ltd.  | 1600 | &nbsp;&nbsp;&nbsp; 47656 |
| Okuwa Co. Ltd. (d) | 4400 | &nbsp;&nbsp;&nbsp; 22923 |
| Onoken Co. Ltd.  | 4300 | &nbsp;&nbsp;&nbsp; 37871 |
| Onward Holdings Co. Ltd.  | 20100 | &nbsp;&nbsp;&nbsp; 90320 |
| Open Up Group, Inc.  | 4700 | &nbsp;&nbsp;&nbsp; 53245 |
| Optex Group Co. Ltd.  | 6800 | &nbsp;&nbsp;&nbsp; 114976 |
| Optim Corp. (a) (d) | 4200 | &nbsp;&nbsp;&nbsp; 11139 |
| Orient Corp.  | 11670 | &nbsp;&nbsp;&nbsp; 71525 |
| Oriental Shiraishi Corp.  | 22700 | &nbsp;&nbsp;&nbsp; 53799 |
| Oro Co. Ltd.  | 1400 | &nbsp;&nbsp;&nbsp; 16694 |
| Osaka Organic Chemical Industry Ltd.  | 2900 | &nbsp;&nbsp;&nbsp; 65577 |
| Osaka Steel Co. Ltd. (a) (d) | 2500 | &nbsp;&nbsp;&nbsp; 43442 |
| OSAKA Titanium Technologies Co. Ltd. (d) | 3200 | &nbsp;&nbsp;&nbsp; 51649 |
| Osaki Electric Co. Ltd.  | 4900 | &nbsp;&nbsp;&nbsp; 53037 |
| OSG Corp. (d) | 12300 | &nbsp;&nbsp;&nbsp; 199812 |
| OUG Holdings, Inc.  | 700 | &nbsp;&nbsp;&nbsp; 17902 |
| Oyo Corp.  | 2500 | &nbsp;&nbsp;&nbsp; 45583 |
| Ozu Corp.  | 600 | &nbsp;&nbsp;&nbsp; 7046 |
| Pacific Industrial Co. Ltd. (a) | 8900 | &nbsp;&nbsp;&nbsp; 169117 |
| Pacific Metals Co. Ltd. (d) | 3900 | &nbsp;&nbsp;&nbsp; 66265 |
| Pack Corp.  | 7300 | &nbsp;&nbsp;&nbsp; 61328 |
| PAL GROUP Holdings Co. Ltd. (d) | 9600 | &nbsp;&nbsp;&nbsp; 88298 |
| PALTAC Corp.  | 3300 | &nbsp;&nbsp;&nbsp; 100526 |
| Paraca, Inc.  | 300 | &nbsp;&nbsp;&nbsp; 3915 |
| Park24 Co. Ltd.  | 23400 | &nbsp;&nbsp;&nbsp; 281205 |
| Pasona Group, Inc.  | 2800 | &nbsp;&nbsp;&nbsp; 33045 |
| Pegasus Co. Ltd.  | 5400 | &nbsp;&nbsp;&nbsp; 25815 |
| Penta-Ocean Construction Co. Ltd.  | 25100 | &nbsp;&nbsp;&nbsp; 266860 |
| People Dreams & Technologies Group Co. Ltd.  | 1400 | &nbsp;&nbsp;&nbsp; 13303 |
| PIA Corp. (d) | 500 | &nbsp;&nbsp;&nbsp; 10557 |
| Pickles Holdings Co. Ltd.  | 2600 | &nbsp;&nbsp;&nbsp; 19437 |
| Pigeon Corp. (d) | 22500 | &nbsp;&nbsp;&nbsp; 232664 |
| PILLAR Corp. (d) | 2900 | &nbsp;&nbsp;&nbsp; 133837 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Pilot Corp.  | 5300 | &nbsp;&nbsp;&nbsp; $157920 |
| Piolax, Inc.  | 4000 | &nbsp;&nbsp;&nbsp; 40258 |
| Plus Alpha Consulting Co. Ltd.  | 2000 | &nbsp;&nbsp;&nbsp; 25831 |
| Pole To Win Holdings, Inc. (d) | 7900 | &nbsp;&nbsp;&nbsp; 14623 |
| PR Times Corp.  | 700 | &nbsp;&nbsp;&nbsp; 9046 |
| Premium Group Co. Ltd.  | 6700 | &nbsp;&nbsp;&nbsp; 71475 |
| Premium Water Holdings, Inc.  | 500 | &nbsp;&nbsp;&nbsp; 11905 |
| Press Kogyo Co. Ltd.  | 12500 | &nbsp;&nbsp;&nbsp; 65490 |
| Prestige International, Inc.  | 17100 | &nbsp;&nbsp;&nbsp; 73062 |
| Prima Meat Packers Ltd.  | 4600 | &nbsp;&nbsp;&nbsp; 79410 |
| Procrea Holdings, Inc. (d) | 4521 | &nbsp;&nbsp;&nbsp; 89909 |
| Pronexus, Inc. (d) | 3500 | &nbsp;&nbsp;&nbsp; 25179 |
| Pro-Ship, Inc. (d) | 3000 | &nbsp;&nbsp;&nbsp; 26349 |
| PS Construction Co. Ltd.  | 2700 | &nbsp;&nbsp;&nbsp; 46957 |
| Punch Industry Co. Ltd.  | 2700 | &nbsp;&nbsp;&nbsp; 8076 |
| QB Net Holdings Co. Ltd.  | 1400 | &nbsp;&nbsp;&nbsp; 11916 |
| Qol Holdings Co. Ltd.  | 3900 | &nbsp;&nbsp;&nbsp; 46048 |
| Quick Co. Ltd.  | 9300 | &nbsp;&nbsp;&nbsp; 49646 |
| Raccoon Holdings, Inc.  | 4100 | &nbsp;&nbsp;&nbsp; 17008 |
| Raito Kogyo Co. Ltd.  | 6700 | &nbsp;&nbsp;&nbsp; 163540 |
| Raiznext Corp.  | 3700 | &nbsp;&nbsp;&nbsp; 53505 |
| Rakus Co. Ltd.  | 9600 | &nbsp;&nbsp;&nbsp; 45520 |
| Rasa Industries Ltd.  | 5500 | &nbsp;&nbsp;&nbsp; 59459 |
| Relo Group, Inc.  | 11500 | &nbsp;&nbsp;&nbsp; 137687 |
| Rengo Co. Ltd. (d) | 34600 | &nbsp;&nbsp;&nbsp; 280374 |
| RENOVA, Inc. (a) | 5100 | &nbsp;&nbsp;&nbsp; 27642 |
| Resorttrust, Inc. (d) | 29000 | &nbsp;&nbsp;&nbsp; 318916 |
| Restar Corp.  | 3800 | &nbsp;&nbsp;&nbsp; 63749 |
| Retail Partners Co. Ltd.  | 4300 | &nbsp;&nbsp;&nbsp; 34237 |
| Rheon Automatic Machinery Co. Ltd.  | 3700 | &nbsp;&nbsp;&nbsp; 34153 |
| Rhythm Co. Ltd. (d) | 1300 | &nbsp;&nbsp;&nbsp; 28850 |
| Ricoh Leasing Co. Ltd. (d) | 2700 | &nbsp;&nbsp;&nbsp; 99809 |
| Ride On Express Holdings Co. Ltd. (d) | 1700 | &nbsp;&nbsp;&nbsp; 10684 |
| Riken Keiki Co. Ltd.  | 6400 | &nbsp;&nbsp;&nbsp; 121095 |
| Riken Technos Corp.  | 6700 | &nbsp;&nbsp;&nbsp; 71268 |
| Riken Vitamin Co. Ltd. (d) | 3800 | &nbsp;&nbsp;&nbsp; 69512 |
| Ringer Hut Co. Ltd.  | 600 | &nbsp;&nbsp;&nbsp; 8625 |
| Rion Co. Ltd.  | 1600 | &nbsp;&nbsp;&nbsp; 27855 |
| Riso Kyoiku Group Corp.  | 12870 | &nbsp;&nbsp;&nbsp; 15708 |
| Rokko Butter Co. Ltd.  | 3600 | &nbsp;&nbsp;&nbsp; 26405 |
| Roland Corp.  | 2800 | &nbsp;&nbsp;&nbsp; 68555 |
| Round One Corp.  | 22400 | &nbsp;&nbsp;&nbsp; 116415 |
| Ryobi Ltd.  | 4000 | &nbsp;&nbsp;&nbsp; 61874 |
| RYODEN Corp. (d) | 2700 | &nbsp;&nbsp;&nbsp; 56784 |
| Ryoyo Ryosan Holdings, Inc.  | 2220 | &nbsp;&nbsp;&nbsp; 42811 |
| S Foods, Inc.  | 3600 | &nbsp;&nbsp;&nbsp; 68672 |
| S&B Foods, Inc.  | 3000 | &nbsp;&nbsp;&nbsp; 89472 |
| Sac's Bar Holdings, Inc. (d) | 5250 | &nbsp;&nbsp;&nbsp; 25910 |
| Sagami Rubber Industries Co. Ltd.  | 1800 | &nbsp;&nbsp;&nbsp; 7309 |
| Saibu Gas Holdings Co. Ltd.  | 5400 | &nbsp;&nbsp;&nbsp; 87279 |
| Saizeriya Co. Ltd.  | 2400 | &nbsp;&nbsp;&nbsp; 97188 |
| Sakai Chemical Industry Co. Ltd.  | 3000 | &nbsp;&nbsp;&nbsp; 66501 |
| Sakai Heavy Industries Ltd.  | 1200 | &nbsp;&nbsp;&nbsp; 15569 |
| Sakai Moving Service Co. Ltd.  | 4900 | &nbsp;&nbsp;&nbsp; 84821 |
| Sakata INX Corp.  | 8400 | &nbsp;&nbsp;&nbsp; 121664 |
| Sala Corp.  | 9700 | &nbsp;&nbsp;&nbsp; 63428 |

---

**BHFTII-114**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| San Holdings, Inc.  | 3500 | &nbsp;&nbsp;&nbsp; $29814 |
| San ju San Financial Group, Inc. (d) | 14280 | &nbsp;&nbsp;&nbsp; 133871 |
| San-A Co. Ltd.  | 7800 | &nbsp;&nbsp;&nbsp; 150399 |
| San-Ai Obbli Co. Ltd. (d) | 10200 | &nbsp;&nbsp;&nbsp; 155561 |
| Sangetsu Corp. (d) | 9200 | &nbsp;&nbsp;&nbsp; 179986 |
| San-In Godo Bank Ltd. (d) | 24300 | &nbsp;&nbsp;&nbsp; 270075 |
| Sanken Electric Co. Ltd. (a) (d) | 3400 | &nbsp;&nbsp;&nbsp; 156528 |
| Sanki Engineering Co. Ltd. (d) | 6800 | &nbsp;&nbsp;&nbsp; 294692 |
| Sanko Metal Industrial Co. Ltd.  | 2500 | &nbsp;&nbsp;&nbsp; 20880 |
| Sankyo Frontier Co. Ltd.  | 2000 | &nbsp;&nbsp;&nbsp; 27324 |
| Sankyo Seiko Co. Ltd.  | 6900 | &nbsp;&nbsp;&nbsp; 38202 |
| Sankyo Tateyama, Inc.  | 6500 | &nbsp;&nbsp;&nbsp; 28281 |
| Sankyu, Inc.  | 4800 | &nbsp;&nbsp;&nbsp; 267140 |
| Sanoh Industrial Co. Ltd. (d) | 6300 | &nbsp;&nbsp;&nbsp; 27129 |
| Sansei Technologies, Inc.  | 800 | &nbsp;&nbsp;&nbsp; 10985 |
| Sansha Electric Manufacturing Co. Ltd.  | 2700 | &nbsp;&nbsp;&nbsp; 16183 |
| Sanshin Electronics Co. Ltd. (d) | 2400 | &nbsp;&nbsp;&nbsp; 41817 |
| Sanyo Chemical Industries Ltd.  | 1900 | &nbsp;&nbsp;&nbsp; 60343 |
| Sanyo Denki Co. Ltd. (d) | 5100 | &nbsp;&nbsp;&nbsp; 145160 |
| Sanyo Electric Railway Co. Ltd. (d) | 3200 | &nbsp;&nbsp;&nbsp; 40769 |
| Sanyo Industries Ltd.  | 1300 | &nbsp;&nbsp;&nbsp; 37052 |
| Sanyo Shokai Ltd.  | 1500 | &nbsp;&nbsp;&nbsp; 37088 |
| Sanyo Trading Co. Ltd. (d) | 4000 | &nbsp;&nbsp;&nbsp; 40055 |
| Sata Construction Co. Ltd.  | 2600 | &nbsp;&nbsp;&nbsp; 17839 |
| Sato Corp.  | 5300 | &nbsp;&nbsp;&nbsp; 75470 |
| Sato Shoji Corp.  | 2000 | &nbsp;&nbsp;&nbsp; 30204 |
| Satori Electric Co. Ltd. (a) (b) (c) | 2100 | &nbsp;&nbsp;&nbsp; 24302 |
| Sawai Group Holdings Co. Ltd. (d) | 18300 | &nbsp;&nbsp;&nbsp; 257952 |
| SAXA, Inc.  | 2100 | &nbsp;&nbsp;&nbsp; 28112 |
| SBI ARUHI Corp. (d) | 2000 | &nbsp;&nbsp;&nbsp; 10520 |
| SBI Insurance Group Co. Ltd.  | 1400 | &nbsp;&nbsp;&nbsp; 17684 |
| SBS Holdings, Inc.  | 3200 | &nbsp;&nbsp;&nbsp; 86217 |
| Scroll Corp.  | 6400 | &nbsp;&nbsp;&nbsp; 54269 |
| SEC Carbon Ltd.  | 1000 | &nbsp;&nbsp;&nbsp; 16919 |
| Seed Co. Ltd. (d) | 1700 | &nbsp;&nbsp;&nbsp; 6489 |
| Seika Corp.  | 3900 | &nbsp;&nbsp;&nbsp; 64501 |
| Seikagaku Corp.  | 7400 | &nbsp;&nbsp;&nbsp; 34412 |
| Seikitokyu Kogyo Co. Ltd.  | 2100 | &nbsp;&nbsp;&nbsp; 20036 |
| Seiko Group Corp.  | 11000 | &nbsp;&nbsp;&nbsp; 392330 |
| Seiren Co. Ltd.  | 8900 | &nbsp;&nbsp;&nbsp; 174864 |
| Sekisui Jushi Corp.  | 4500 | &nbsp;&nbsp;&nbsp; 61013 |
| Sekisui Kasei Co. Ltd.  | 8100 | &nbsp;&nbsp;&nbsp; 22742 |
| SEMITEC Corp.  | 1600 | &nbsp;&nbsp;&nbsp; 23045 |
| Senko Group Holdings Co. Ltd.  | 23700 | &nbsp;&nbsp;&nbsp; 273248 |
| Senshu Electric Co. Ltd.  | 2600 | &nbsp;&nbsp;&nbsp; 97991 |
| Senshu Ikeda Holdings, Inc.  | 38300 | &nbsp;&nbsp;&nbsp; 211790 |
| Senshukai Co. Ltd. (a) (d) | 11000 | &nbsp;&nbsp;&nbsp; 9589 |
| SERAKU Co. Ltd.  | 700 | &nbsp;&nbsp;&nbsp; 6276 |
| Seria Co. Ltd.  | 8100 | &nbsp;&nbsp;&nbsp; 193753 |
| Seven Bank Ltd. (d) | 65300 | &nbsp;&nbsp;&nbsp; 111183 |
| Shibaura Machine Co. Ltd.  | 4000 | &nbsp;&nbsp;&nbsp; 97154 |
| Shibaura Mechatronics Corp.  | 12000 | &nbsp;&nbsp;&nbsp; 314613 |
| Shibusawa Logistics Corp.  | 5100 | &nbsp;&nbsp;&nbsp; 43046 |
| Shibuya Corp.  | 3100 | &nbsp;&nbsp;&nbsp; 66417 |
| SHIFT, Inc. (a) | 19500 | &nbsp;&nbsp;&nbsp; 79384 |
| Shiga Bank Ltd. (d) | 29000 | &nbsp;&nbsp;&nbsp; 348137 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Shikibo Ltd. (d) | 1900 | &nbsp;&nbsp;&nbsp; $12892 |
| Shikoku Bank Ltd.  | 5900 | &nbsp;&nbsp;&nbsp; 85157 |
| Shikoku Electric Power Co., Inc.  | 29100 | &nbsp;&nbsp;&nbsp; 323693 |
| Shikoku Kasei Holdings Corp.  | 5500 | &nbsp;&nbsp;&nbsp; 152560 |
| Shima Seiki Manufacturing Ltd.  | 3600 | &nbsp;&nbsp;&nbsp; 20759 |
| Shimadaya Corp.  | 1500 | &nbsp;&nbsp;&nbsp; 17244 |
| Shimizu Bank Ltd.  | 1900 | &nbsp;&nbsp;&nbsp; 30033 |
| Shimojima Co. Ltd. (d) | 2900 | &nbsp;&nbsp;&nbsp; 25846 |
| Shin Nippon Air Technologies Co. Ltd.  | 3300 | &nbsp;&nbsp;&nbsp; 69468 |
| Shinagawa Refra Co. Ltd.  | 5100 | &nbsp;&nbsp;&nbsp; 66359 |
| Shindengen Electric Manufacturing Co. Ltd. (d) | 1400 | &nbsp;&nbsp;&nbsp; 27021 |
| Shin-Etsu Polymer Co. Ltd.  | 7700 | &nbsp;&nbsp;&nbsp; 94645 |
| Shinki Bus Co. Ltd.  | 1800 | &nbsp;&nbsp;&nbsp; 22077 |
| Shinko Shoji Co. Ltd.  | 5100 | &nbsp;&nbsp;&nbsp; 40713 |
| Shinmaywa Industries Ltd. (d) | 9700 | &nbsp;&nbsp;&nbsp; 144391 |
| Shinnihon Corp.  | 4300 | &nbsp;&nbsp;&nbsp; 53251 |
| Shinnihonseiyaku Co. Ltd.  | 1100 | &nbsp;&nbsp;&nbsp; 14355 |
| Shinsho Corp.  | 2700 | &nbsp;&nbsp;&nbsp; 39597 |
| Shinwa Co. Ltd.  | 4400 | &nbsp;&nbsp;&nbsp; 57145 |
| Ship Healthcare Holdings, Inc. (d) | 13600 | &nbsp;&nbsp;&nbsp; 207945 |
| Shizuoka Gas Co. Ltd.  | 7400 | &nbsp;&nbsp;&nbsp; 70854 |
| SHO-BOND Holdings Co. Ltd.  | 1600 | &nbsp;&nbsp;&nbsp; 14267 |
| Shoei Co. Ltd. (d) | 9000 | &nbsp;&nbsp;&nbsp; 94444 |
| Shoei Foods Corp.  | 400 | &nbsp;&nbsp;&nbsp; 10815 |
| Showa Sangyo Co. Ltd.  | 4000 | &nbsp;&nbsp;&nbsp; 82530 |
| SIGMAXYZ Holdings, Inc.  | 12900 | &nbsp;&nbsp;&nbsp; 51375 |
| Siix Corp. (d) | 6200 | &nbsp;&nbsp;&nbsp; 46508 |
| Simplex Holdings, Inc.  | 2800 | &nbsp;&nbsp;&nbsp; 14354 |
| Sinanen Holdings Co. Ltd. (d) | 1200 | &nbsp;&nbsp;&nbsp; 59509 |
| Sinfonia Technology Co. Ltd. (d) | 3900 | &nbsp;&nbsp;&nbsp; 267843 |
| Sinko Industries Ltd.  | 8300 | &nbsp;&nbsp;&nbsp; 63472 |
| Sintokogio Ltd.  | 6200 | &nbsp;&nbsp;&nbsp; 36076 |
| SK-Electronics Co. Ltd.  | 1800 | &nbsp;&nbsp;&nbsp; 35112 |
| Smaregi, Inc. (d) | 1200 | &nbsp;&nbsp;&nbsp; 16651 |
| SMK Corp.  | 1100 | &nbsp;&nbsp;&nbsp; 20563 |
| SMS Co. Ltd. (d) | 8200 | &nbsp;&nbsp;&nbsp; 86156 |
| Socionext, Inc. (d) | 4600 | &nbsp;&nbsp;&nbsp; 55899 |
| Soda Nikka Co. Ltd. (d) | 4500 | &nbsp;&nbsp;&nbsp; 30025 |
| Sodick Co. Ltd.  | 9000 | &nbsp;&nbsp;&nbsp; 70400 |
| Softcreate Holdings Corp.  | 3000 | &nbsp;&nbsp;&nbsp; 36254 |
| Software Service, Inc.  | 700 | &nbsp;&nbsp;&nbsp; 50968 |
| Soken Chemical & Engineering Co. Ltd.  | 1400 | &nbsp;&nbsp;&nbsp; 29415 |
| Solasto Corp.  | 12800 | &nbsp;&nbsp;&nbsp; 91379 |
| Soliton Systems KK | 2500 | &nbsp;&nbsp;&nbsp; 26556 |
| Solxyz Co. Ltd.  | 1400 | &nbsp;&nbsp;&nbsp; 3915 |
| Sotetsu Holdings, Inc. (d) | 12100 | &nbsp;&nbsp;&nbsp; 224134 |
| Sotoh Co. Ltd.  | 3100 | &nbsp;&nbsp;&nbsp; 14453 |
| Space Co. Ltd.  | 3860 | &nbsp;&nbsp;&nbsp; 36845 |
| Sparx Group Co. Ltd. (d) | 3740 | &nbsp;&nbsp;&nbsp; 44873 |
| SPK Corp.  | 3800 | &nbsp;&nbsp;&nbsp; 30557 |
| Sprix, Inc.  | 1300 | &nbsp;&nbsp;&nbsp; 10291 |
| SRA Holdings | 2000 | &nbsp;&nbsp;&nbsp; 58720 |
| SRE Holdings Corp.  | 1900 | &nbsp;&nbsp;&nbsp; 34975 |
| ST Corp.  | 3100 | &nbsp;&nbsp;&nbsp; 28824 |
| St. Marc Holdings Co. Ltd.  | 2300 | &nbsp;&nbsp;&nbsp; 43228 |
| Star Mica Holdings Co. Ltd.  | 3000 | &nbsp;&nbsp;&nbsp; 29996 |

---

**BHFTII-115**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Starts Corp., Inc.  | 6100 | &nbsp;&nbsp;&nbsp; $184309 |
| Starzen Co. Ltd.  | 9500 | &nbsp;&nbsp;&nbsp; 76227 |
| Stella Chemifa Corp.  | 2000 | &nbsp;&nbsp;&nbsp; 62645 |
| Step Co. Ltd. (d) | 2500 | &nbsp;&nbsp;&nbsp; 38251 |
| Strike Co. Ltd.  | 3900 | &nbsp;&nbsp;&nbsp; 33895 |
| Studio Alice Co. Ltd.  | 2000 | &nbsp;&nbsp;&nbsp; 24855 |
| Subaru Enterprise Co. Ltd.  | 500 | &nbsp;&nbsp;&nbsp; 11481 |
| Sugimoto & Co. Ltd.  | 2900 | &nbsp;&nbsp;&nbsp; 23248 |
| SUMCO Corp. (d) | 16000 | &nbsp;&nbsp;&nbsp; 174544 |
| Sumida Corp.  | 6000 | &nbsp;&nbsp;&nbsp; 41851 |
| Suminoe Co. Ltd.  | 2800 | &nbsp;&nbsp;&nbsp; 24152 |
| Sumitomo Heavy Industries Ltd.  | 800 | &nbsp;&nbsp;&nbsp; 24431 |
| Sumitomo Osaka Cement Co. Ltd.  | 5500 | &nbsp;&nbsp;&nbsp; 133556 |
| Sumitomo Rubber Industries Ltd.  | 2700 | &nbsp;&nbsp;&nbsp; 34905 |
| Sumitomo Seika Chemicals Co. Ltd.  | 7000 | &nbsp;&nbsp;&nbsp; 53140 |
| Sumitomo Warehouse Co. Ltd. (d) | 8700 | &nbsp;&nbsp;&nbsp; 223127 |
| Sun Frontier Fudousan Co. Ltd. (d) | 6100 | &nbsp;&nbsp;&nbsp; 102365 |
| Suncall Corp. (d) | 6500 | &nbsp;&nbsp;&nbsp; 58748 |
| Sun-Wa Technos Corp. (d) | 2200 | &nbsp;&nbsp;&nbsp; 43704 |
| Suruga Bank Ltd. (d) | 21900 | &nbsp;&nbsp;&nbsp; 283281 |
| Suzuken Co. Ltd.  | 1200 | &nbsp;&nbsp;&nbsp; 45237 |
| Suzuki Co. Ltd.  | 1700 | &nbsp;&nbsp;&nbsp; 29306 |
| SWCC Corp.  | 5200 | &nbsp;&nbsp;&nbsp; 416393 |
| System Research Co. Ltd. (d) | 2400 | &nbsp;&nbsp;&nbsp; 25795 |
| Systems Engineering Consultants Co. Ltd. (d) | 1200 | &nbsp;&nbsp;&nbsp; 22527 |
| Systena Corp.  | 51800 | &nbsp;&nbsp;&nbsp; 136672 |
| Syuppin Co. Ltd. (d) | 4400 | &nbsp;&nbsp;&nbsp; 30881 |
| T Hasegawa Co. Ltd.  | 4500 | &nbsp;&nbsp;&nbsp; 80734 |
| T RAD Co. Ltd.  | 700 | &nbsp;&nbsp;&nbsp; 34897 |
| Tachibana Eletech Co. Ltd.  | 2940 | &nbsp;&nbsp;&nbsp; 54105 |
| Tachikawa Corp.  | 2100 | &nbsp;&nbsp;&nbsp; 33459 |
| Tachi-S Co. Ltd.  | 6200 | &nbsp;&nbsp;&nbsp; 79898 |
| Tadano Ltd.  | 15500 | &nbsp;&nbsp;&nbsp; 131610 |
| Taihei Dengyo Kaisha Ltd. (d) | 7200 | &nbsp;&nbsp;&nbsp; 134261 |
| Taiheiyo Kouhatsu, Inc. (d) | 2100 | &nbsp;&nbsp;&nbsp; 15268 |
| Taiho Kogyo Co. Ltd.  | 4200 | &nbsp;&nbsp;&nbsp; 27632 |
| Taikisha Ltd.  | 8100 | &nbsp;&nbsp;&nbsp; 171203 |
| Taiko Bank Ltd.  | 1600 | &nbsp;&nbsp;&nbsp; 23636 |
| Taisei Lamick Group Head Quarter & Innovation Co. Ltd. (d) | 2200 | &nbsp;&nbsp;&nbsp; 34893 |
| Taiyo Holdings Co. Ltd. (d) | 17400 | &nbsp;&nbsp;&nbsp; 556707 |
| Taiyo Yuden Co. Ltd. (d) | 12200 | &nbsp;&nbsp;&nbsp; 297690 |
| Takamatsu Construction Group Co. Ltd.  | 2900 | &nbsp;&nbsp;&nbsp; 66410 |
| Takamiya Co. Ltd.  | 5200 | &nbsp;&nbsp;&nbsp; 13243 |
| Takano Co. Ltd. (d) | 4600 | &nbsp;&nbsp;&nbsp; 30833 |
| Takaoka Toko Co. Ltd.  | 1765 | &nbsp;&nbsp;&nbsp; 54518 |
| Takara & Co. Ltd.  | 1300 | &nbsp;&nbsp;&nbsp; 31429 |
| Takara Bio, Inc.  | 11100 | &nbsp;&nbsp;&nbsp; 80461 |
| Takara Holdings, Inc.  | 26600 | &nbsp;&nbsp;&nbsp; 260162 |
| Takara Standard Co. Ltd. (d) | 7100 | &nbsp;&nbsp;&nbsp; 123935 |
| Takasago International Corp.  | 11300 | &nbsp;&nbsp;&nbsp; 86147 |
| Takashima & Co. Ltd. (d) | 5400 | &nbsp;&nbsp;&nbsp; 27880 |
| Takashimaya Co. Ltd.  | 7400 | &nbsp;&nbsp;&nbsp; 88529 |
| Takemoto Yohki Co. Ltd.  | 1200 | &nbsp;&nbsp;&nbsp; 6731 |
| Takeuchi Manufacturing Co. Ltd. (d) | 6400 | &nbsp;&nbsp;&nbsp; 254848 |
| Tama Home Co. Ltd. (d) | 3200 | &nbsp;&nbsp;&nbsp; 80949 |
| Tamron Co. Ltd.  | 25500 | &nbsp;&nbsp;&nbsp; 162215 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Tamura Corp.  | 11000 | &nbsp;&nbsp;&nbsp; $42999 |
| Tanseisha Co. Ltd.  | 7250 | &nbsp;&nbsp;&nbsp; 67782 |
| Tayca Corp.  | 2300 | &nbsp;&nbsp;&nbsp; 24992 |
| Tazmo Co. Ltd. (d) | 2500 | &nbsp;&nbsp;&nbsp; 34277 |
| Tbk Co. Ltd.  | 8000 | &nbsp;&nbsp;&nbsp; 18063 |
| TDC Soft, Inc. (d) | 6000 | &nbsp;&nbsp;&nbsp; 35055 |
| TechMatrix Corp.  | 7800 | &nbsp;&nbsp;&nbsp; 88625 |
| Techno Medica Co. Ltd.  | 2400 | &nbsp;&nbsp;&nbsp; 35944 |
| Techno Ryowa Ltd. (d) | 1700 | &nbsp;&nbsp;&nbsp; 64209 |
| Teijin Ltd. (d) | 30200 | &nbsp;&nbsp;&nbsp; 315282 |
| Teikoku Electric Manufacturing Co. Ltd.  | 2900 | &nbsp;&nbsp;&nbsp; 51757 |
| Teikoku Sen-I Co. Ltd.  | 3600 | &nbsp;&nbsp;&nbsp; 66177 |
| Teikoku Tsushin Kogyo Co. Ltd.  | 1700 | &nbsp;&nbsp;&nbsp; 29295 |
| Tekken Corp.  | 1800 | &nbsp;&nbsp;&nbsp; 53038 |
| Temairazu, Inc.  | 700 | &nbsp;&nbsp;&nbsp; 11630 |
| Tess Holdings Co. Ltd.  | 2600 | &nbsp;&nbsp;&nbsp; 9495 |
| Tigers Polymer Corp.  | 2200 | &nbsp;&nbsp;&nbsp; 13969 |
| TKC Corp.  | 5400 | &nbsp;&nbsp;&nbsp; 126487 |
| Toa Corp.  | 4500 | &nbsp;&nbsp;&nbsp; 50395 |
| Toa Corp. (d) | 11200 | &nbsp;&nbsp;&nbsp; 221640 |
| TOA ROAD Corp. (d) | 1300 | &nbsp;&nbsp;&nbsp; 14150 |
| Toagosei Co. Ltd.  | 14700 | &nbsp;&nbsp;&nbsp; 159942 |
| TOBISHIMA HOLDINGS, Inc.  | 3660 | &nbsp;&nbsp;&nbsp; 48735 |
| TOC Co. Ltd.  | 5900 | &nbsp;&nbsp;&nbsp; 30440 |
| Tocalo Co. Ltd.  | 10400 | &nbsp;&nbsp;&nbsp; 170018 |
| Tochigi Bank Ltd. (d) | 16600 | &nbsp;&nbsp;&nbsp; 93927 |
| Toda Corp. (d) | 36000 | &nbsp;&nbsp;&nbsp; 336105 |
| Toda Kogyo Corp. (a) | 600 | &nbsp;&nbsp;&nbsp; 5130 |
| Toei Co. Ltd. (d) | 700 | &nbsp;&nbsp;&nbsp; 26215 |
| Toell Co. Ltd. (d) | 3100 | &nbsp;&nbsp;&nbsp; 17219 |
| Toenec Corp.  | 7700 | &nbsp;&nbsp;&nbsp; 98626 |
| Toho Bank Ltd. (d) | 31900 | &nbsp;&nbsp;&nbsp; 132912 |
| Toho Co. Ltd. (d) | 5100 | &nbsp;&nbsp;&nbsp; 43547 |
| Toho Gas Co. Ltd. (d) | 2400 | &nbsp;&nbsp;&nbsp; 19354 |
| Toho Holdings Co. Ltd. (d) | 2300 | &nbsp;&nbsp;&nbsp; 69487 |
| Toho Titanium Co. Ltd. (d) | 6500 | &nbsp;&nbsp;&nbsp; 98815 |
| Toho Zinc Co. Ltd. (a) (d) | 3400 | &nbsp;&nbsp;&nbsp; 26272 |
| Tohoku Bank Ltd. (d) | 2400 | &nbsp;&nbsp;&nbsp; 21814 |
| Tohokushinsha Film Corp. (d) | 11800 | &nbsp;&nbsp;&nbsp; 45797 |
| Tokai Carbon Co. Ltd.  | 34900 | &nbsp;&nbsp;&nbsp; 217026 |
| Tokai Corp.  | 3400 | &nbsp;&nbsp;&nbsp; 53207 |
| TOKAI Holdings Corp.  | 19700 | &nbsp;&nbsp;&nbsp; 145052 |
| Tokai Rika Co. Ltd.  | 10200 | &nbsp;&nbsp;&nbsp; 193453 |
| Tokai Tokyo Financial Holdings, Inc.  | 40100 | &nbsp;&nbsp;&nbsp; 182889 |
| Token Corp.  | 860 | &nbsp;&nbsp;&nbsp; 73190 |
| Tokushu Tokai Paper Co. Ltd. (d) | 6000 | &nbsp;&nbsp;&nbsp; 61000 |
| Tokuyama Corp. (d) | 12400 | &nbsp;&nbsp;&nbsp; 298109 |
| Tokyo Base Co. Ltd. (d) | 4100 | &nbsp;&nbsp;&nbsp; 11081 |
| Tokyo Electron Device Ltd. (d) | 3900 | &nbsp;&nbsp;&nbsp; 75526 |
| Tokyo Energy & Systems, Inc.  | 3200 | &nbsp;&nbsp;&nbsp; 36077 |
| Tokyo Kiraboshi Financial Group, Inc.  | 3724 | &nbsp;&nbsp;&nbsp; 264771 |
| Tokyo Rope Manufacturing Co. Ltd.  | 2800 | &nbsp;&nbsp;&nbsp; 33500 |
| Tokyo Sangyo Co. Ltd.  | 2900 | &nbsp;&nbsp;&nbsp; 16470 |
| Tokyo Seimitsu Co. Ltd. (d) | 4500 | &nbsp;&nbsp;&nbsp; 394224 |
| Tokyo Steel Manufacturing Co. Ltd. (d) | 10800 | &nbsp;&nbsp;&nbsp; 111187 |
| Tokyo Tekko Co. Ltd. (d) | 4800 | &nbsp;&nbsp;&nbsp; 60584 |

---

**BHFTII-116**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Tokyo Theatres Co., Inc. (d) | 2900 | &nbsp;&nbsp;&nbsp; $30041 |
| Tokyotokeiba Co. Ltd.  | 2800 | &nbsp;&nbsp;&nbsp; 101039 |
| Tokyu Construction Co. Ltd. (d) | 14900 | &nbsp;&nbsp;&nbsp; 134888 |
| Toli Corp.  | 9300 | &nbsp;&nbsp;&nbsp; 39072 |
| Tomato Bank Ltd.  | 3000 | &nbsp;&nbsp;&nbsp; 29641 |
| Tomoe Corp. (d) | 3100 | &nbsp;&nbsp;&nbsp; 39333 |
| Tomoe Engineering Co. Ltd.  | 2800 | &nbsp;&nbsp;&nbsp; 32510 |
| Tomoku Co. Ltd.  | 1900 | &nbsp;&nbsp;&nbsp; 40951 |
| TOMONY Holdings, Inc. (d) | 28700 | &nbsp;&nbsp;&nbsp; 150390 |
| Tomy Co. Ltd. (d) | 12000 | &nbsp;&nbsp;&nbsp; 198473 |
| Topre Corp.  | 5900 | &nbsp;&nbsp;&nbsp; 89253 |
| Topy Industries Ltd.  | 2000 | &nbsp;&nbsp;&nbsp; 37390 |
| Torex Semiconductor Ltd.  | 500 | &nbsp;&nbsp;&nbsp; 5015 |
| Toridoll Holdings Corp. (d) | 6500 | &nbsp;&nbsp;&nbsp; 178386 |
| Torigoe Co. Ltd.  | 2800 | &nbsp;&nbsp;&nbsp; 19593 |
| Torishima Pump Manufacturing Co. Ltd.  | 2400 | &nbsp;&nbsp;&nbsp; 46428 |
| Tosei Corp.  | 11400 | &nbsp;&nbsp;&nbsp; 113784 |
| Toshiba TEC Corp.  | 6000 | &nbsp;&nbsp;&nbsp; 103048 |
| Totech Corp.  | 2100 | &nbsp;&nbsp;&nbsp; 49143 |
| Totetsu Kogyo Co. Ltd. (d) | 4300 | &nbsp;&nbsp;&nbsp; 147240 |
| Tottori Bank Ltd. (d) | 2800 | &nbsp;&nbsp;&nbsp; 28998 |
| Towa Bank Ltd.  | 6800 | &nbsp;&nbsp;&nbsp; 43447 |
| Towa Pharmaceutical Co. Ltd. (d) | 5000 | &nbsp;&nbsp;&nbsp; 127701 |
| Toyo Corp.  | 500 | &nbsp;&nbsp;&nbsp; 5365 |
| Toyo Denki Seizo KK | 1500 | &nbsp;&nbsp;&nbsp; 22342 |
| Toyo Gosei Co. Ltd. (d) | 800 | &nbsp;&nbsp;&nbsp; 52132 |
| Toyo Innovex Co. Ltd. (a) (b) (c) | 6000 | &nbsp;&nbsp;&nbsp; 24097 |
| Toyo Kanetsu KK | 2500 | &nbsp;&nbsp;&nbsp; 43670 |
| Toyo Tanso Co. Ltd. (d) | 2800 | &nbsp;&nbsp;&nbsp; 92101 |
| Toyo Wharf & Warehouse Co. Ltd.  | 2500 | &nbsp;&nbsp;&nbsp; 30218 |
| Toyobo Co. Ltd. (d) | 15800 | &nbsp;&nbsp;&nbsp; 133920 |
| Toyoda Gosei Co. Ltd.  | 2400 | &nbsp;&nbsp;&nbsp; 62475 |
| Toyota Boshoku Corp.  | 4300 | &nbsp;&nbsp;&nbsp; 66887 |
| TPR Co. Ltd.  | 8200 | &nbsp;&nbsp;&nbsp; 64289 |
| Traders Holdings Co. Ltd.  | 2800 | &nbsp;&nbsp;&nbsp; 18120 |
| Transaction Co. Ltd.  | 2800 | &nbsp;&nbsp;&nbsp; 20462 |
| Transcosmos, Inc.  | 4200 | &nbsp;&nbsp;&nbsp; 103390 |
| TRE Holdings Corp.  | 5600 | &nbsp;&nbsp;&nbsp; 56018 |
| Treasure Factory Co. Ltd. (d) | 1800 | &nbsp;&nbsp;&nbsp; 19246 |
| Trusco Nakayama Corp.  | 8500 | &nbsp;&nbsp;&nbsp; 123087 |
| TS Tech Co. Ltd. (d) | 13600 | &nbsp;&nbsp;&nbsp; 153179 |
| TSI Holdings Co. Ltd.  | 7005 | &nbsp;&nbsp;&nbsp; 47198 |
| Tsubaki Nakashima Co. Ltd. (a) (d) | 10100 | &nbsp;&nbsp;&nbsp; 18708 |
| Tsubakimoto Chain Co.  | 13400 | &nbsp;&nbsp;&nbsp; 198190 |
| Tsubakimoto Kogyo Co. Ltd. (d) | 2200 | &nbsp;&nbsp;&nbsp; 38163 |
| Tsuburaya Fields Holdings, Inc.  | 3600 | &nbsp;&nbsp;&nbsp; 32399 |
| Tsugami Corp. (d) | 7400 | &nbsp;&nbsp;&nbsp; 154527 |
| Tsukishima Holdings Co. Ltd. (d) | 4400 | &nbsp;&nbsp;&nbsp; 75970 |
| Tsukuba Bank Ltd.  | 11300 | &nbsp;&nbsp;&nbsp; 41680 |
| Tsumura & Co.  | 9300 | &nbsp;&nbsp;&nbsp; 220896 |
| Tsurumi Manufacturing Co. Ltd.  | 6400 | &nbsp;&nbsp;&nbsp; 84389 |
| Tsutsumi Jewelry Co. Ltd.  | 700 | &nbsp;&nbsp;&nbsp; 13056 |
| TV Asahi Holdings Corp.  | 4200 | &nbsp;&nbsp;&nbsp; 91737 |
| Tv Tokyo Holdings Corp.  | 900 | &nbsp;&nbsp;&nbsp; 23416 |
| TYK Corp. (d) | 6000 | &nbsp;&nbsp;&nbsp; 21042 |
| UACJ Corp.  | 26340 | &nbsp;&nbsp;&nbsp; 391716 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| UBE Corp. (d) | 16000 | &nbsp;&nbsp;&nbsp; $251225 |
| Ubicom Holdings, Inc.  | 500 | &nbsp;&nbsp;&nbsp; 2953 |
| Uchida Yoko Co. Ltd.  | 7500 | &nbsp;&nbsp;&nbsp; 94440 |
| Ueki Corp.  | 1600 | &nbsp;&nbsp;&nbsp; 28799 |
| ULS Group, Inc.  | 6000 | &nbsp;&nbsp;&nbsp; 18964 |
| Ulvac, Inc.  | 500 | &nbsp;&nbsp;&nbsp; 26771 |
| Umios Corp. (d) | 21600 | &nbsp;&nbsp;&nbsp; 199651 |
| U-Next Holdings Co. Ltd.  | 8100 | &nbsp;&nbsp;&nbsp; 84648 |
| Unipres Corp. (d) | 6400 | &nbsp;&nbsp;&nbsp; 53633 |
| UNISOL Holdings Corp.  | 993 | &nbsp;&nbsp;&nbsp; 13730 |
| United Arrows Ltd.  | 3100 | &nbsp;&nbsp;&nbsp; 47594 |
| United Super Markets Holdings, Inc.  | 13068 | &nbsp;&nbsp;&nbsp; 74089 |
| UNITED, Inc. (d) | 6000 | &nbsp;&nbsp;&nbsp; 19060 |
| Universal Entertainment Corp. (a) | 2200 | &nbsp;&nbsp;&nbsp; 9334 |
| Urbanet Corp. Co. Ltd.  | 4500 | &nbsp;&nbsp;&nbsp; 15176 |
| Ushio, Inc. (d) | 12100 | &nbsp;&nbsp;&nbsp; 221751 |
| UT Group Co. Ltd. (d) | 73500 | &nbsp;&nbsp;&nbsp; 91218 |
| V Technology Co. Ltd.  | 1800 | &nbsp;&nbsp;&nbsp; 48728 |
| Valor Holdings Co. Ltd.  | 6600 | &nbsp;&nbsp;&nbsp; 153047 |
| Valqua Ltd. (d) | 3200 | &nbsp;&nbsp;&nbsp; 94395 |
| Value HR Co. Ltd. (d) | 2000 | &nbsp;&nbsp;&nbsp; 17967 |
| ValueCommerce Co. Ltd.  | 4300 | &nbsp;&nbsp;&nbsp; 11603 |
| Vector, Inc.  | 5600 | &nbsp;&nbsp;&nbsp; 44089 |
| Vertex Corp.  | 6000 | &nbsp;&nbsp;&nbsp; 75320 |
| Vision, Inc.  | 4000 | &nbsp;&nbsp;&nbsp; 28917 |
| Visional, Inc. (a) (d) | 1900 | &nbsp;&nbsp;&nbsp; 84958 |
| Vital KSK Holdings, Inc.  | 6600 | &nbsp;&nbsp;&nbsp; 61391 |
| VT Holdings Co. Ltd.  | 14700 | &nbsp;&nbsp;&nbsp; 45567 |
| Wacoal Holdings Corp. (d) | 2500 | &nbsp;&nbsp;&nbsp; 62816 |
| Wacom Co. Ltd.  | 1800 | &nbsp;&nbsp;&nbsp; 8662 |
| Wakachiku Construction Co. Ltd. (d) | 1100 | &nbsp;&nbsp;&nbsp; 29036 |
| Wakita & Co. Ltd. (d) | 5300 | &nbsp;&nbsp;&nbsp; 63574 |
| Warabeya Nichiyo Holdings Co. Ltd. (d) | 2100 | &nbsp;&nbsp;&nbsp; 39840 |
| Waseda Academy Co. Ltd. (d) | 1400 | &nbsp;&nbsp;&nbsp; 18059 |
| Watahan & Co. Ltd. (d) | 3200 | &nbsp;&nbsp;&nbsp; 29099 |
| Watts Co. Ltd.  | 1900 | &nbsp;&nbsp;&nbsp; 7281 |
| WDB Holdings Co. Ltd. (d) | 2700 | &nbsp;&nbsp;&nbsp; 26182 |
| Weathernews, Inc.  | 5000 | &nbsp;&nbsp;&nbsp; 59553 |
| Wellneo Sugar Co. Ltd.  | 2400 | &nbsp;&nbsp;&nbsp; 43387 |
| Wellnet Corp.  | 4400 | &nbsp;&nbsp;&nbsp; 18023 |
| West Holdings Corp. (d) | 4729 | &nbsp;&nbsp;&nbsp; 53190 |
| Will Group, Inc. (d) | 4200 | &nbsp;&nbsp;&nbsp; 31067 |
| WingArc1st, Inc.  | 1800 | &nbsp;&nbsp;&nbsp; 29701 |
| Wood One Co. Ltd.  | 2600 | &nbsp;&nbsp;&nbsp; 15845 |
| World Co. Ltd.  | 10000 | &nbsp;&nbsp;&nbsp; 93884 |
| World Holdings Co. Ltd.  | 1400 | &nbsp;&nbsp;&nbsp; 22376 |
| Wowow, Inc.  | 2200 | &nbsp;&nbsp;&nbsp; 17334 |
| Xebio Holdings Co. Ltd.  | 5600 | &nbsp;&nbsp;&nbsp; 35311 |
| Yahagi Construction Co. Ltd.  | 4000 | &nbsp;&nbsp;&nbsp; 53381 |
| YAKUODO Holdings Co. Ltd.  | 2900 | &nbsp;&nbsp;&nbsp; 34194 |
| YAMABIKO Corp.  | 5100 | &nbsp;&nbsp;&nbsp; 114619 |
| YAMADA Consulting Group Co. Ltd. (d) | 2100 | &nbsp;&nbsp;&nbsp; 21902 |
| Yamagata Bank Ltd.  | 4900 | &nbsp;&nbsp;&nbsp; 75505 |
| Yamaguchi Financial Group, Inc.  | 13700 | &nbsp;&nbsp;&nbsp; 211737 |
| Yamaichi Electronics Co. Ltd.  | 3700 | &nbsp;&nbsp;&nbsp; 182152 |
| Yamanashi Chuo Bank Ltd.  | 4400 | &nbsp;&nbsp;&nbsp; 147712 |

---

**BHFTII-117**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Yamatane Corp. (d) | 3400 | &nbsp;&nbsp;&nbsp; $46865 |
| Yamato Corp.  | 2600 | &nbsp;&nbsp;&nbsp; 36387 |
| Yamaura Corp. (d) | 2800 | &nbsp;&nbsp;&nbsp; 27129 |
| Yamaya Corp.  | 1150 | &nbsp;&nbsp;&nbsp; 16093 |
| Yamazawa Co. Ltd.  | 1000 | &nbsp;&nbsp;&nbsp; 7264 |
| Yamazen Corp.  | 8400 | &nbsp;&nbsp;&nbsp; 76253 |
| Yashima Denki Co. Ltd. (d) | 3800 | &nbsp;&nbsp;&nbsp; 70602 |
| Yasuda Logistics Corp. (d) | 3200 | &nbsp;&nbsp;&nbsp; 49016 |
| Yellow Hat Ltd.  | 12000 | &nbsp;&nbsp;&nbsp; 118097 |
| Yodoko Ltd.  | 19000 | &nbsp;&nbsp;&nbsp; 168304 |
| Yokogawa Bridge Holdings Corp. (d) | 6300 | &nbsp;&nbsp;&nbsp; 118898 |
| Yokorei Co. Ltd. (d) | 8700 | &nbsp;&nbsp;&nbsp; 84959 |
| Yokowo Co. Ltd. (d) | 3200 | &nbsp;&nbsp;&nbsp; 61518 |
| Yondenko Corp.  | 4800 | &nbsp;&nbsp;&nbsp; 56607 |
| Yondoshi Holdings, Inc. (d) | 2800 | &nbsp;&nbsp;&nbsp; 31966 |
| Yonex Co. Ltd.  | 9500 | &nbsp;&nbsp;&nbsp; 178500 |
| Yorozu Corp. (d) | 5000 | &nbsp;&nbsp;&nbsp; 28725 |
| Yoshinoya Holdings Co. Ltd. (d) | 12100 | &nbsp;&nbsp;&nbsp; 251795 |
| Yotai Refractories Co. Ltd.  | 200 | &nbsp;&nbsp;&nbsp; 2299 |
| Yuasa Funashoku Co. Ltd. (d) | 5200 | &nbsp;&nbsp;&nbsp; 52615 |
| Yuasa Trading Co. Ltd.  | 3000 | &nbsp;&nbsp;&nbsp; 112720 |
| Yuken Kogyo Co. Ltd.  | 1300 | &nbsp;&nbsp;&nbsp; 24971 |
| Yukiguni Factory Co. Ltd.  | 2100 | &nbsp;&nbsp;&nbsp; 14263 |
| Yurtec Corp.  | 6800 | &nbsp;&nbsp;&nbsp; 111785 |
| Yushin Co.  | 2900 | &nbsp;&nbsp;&nbsp; 12186 |
| Yushiro, Inc.  | 1600 | &nbsp;&nbsp;&nbsp; 30874 |
| Yutaka Giken Co. Ltd.  | 600 | &nbsp;&nbsp;&nbsp; 11356 |
| Zacros Corp.  | 10300 | &nbsp;&nbsp;&nbsp; 85257 |
| Zaoh Co. Ltd.  | 800 | &nbsp;&nbsp;&nbsp; 13644 |
| Zenkoku Hosho Co. Ltd. (d) | 9300 | &nbsp;&nbsp;&nbsp; 185517 |
| Zenrin Co. Ltd.  | 7150 | &nbsp;&nbsp;&nbsp; 45024 |
| Zeon Corp.  | 14000 | &nbsp;&nbsp;&nbsp; 157420 |
| ZERIA Pharmaceutical Co. Ltd.  | 2800 | &nbsp;&nbsp;&nbsp; 39010 |
| ZIGExN Co. Ltd. (d) | 8400 | &nbsp;&nbsp;&nbsp; 21777 |
| Zojirushi Corp.  | 900 | &nbsp;&nbsp;&nbsp; 9532 |
| Zuiko Corp. (d) | 4000 | &nbsp;&nbsp;&nbsp; 21891 |
|  |  | &nbsp;&nbsp;&nbsp; 102318383 |
| **Liechtenstein — 0.1%** | **Liechtenstein — 0.1%** | **Liechtenstein — 0.1%** |
| Liechtensteinische Landesbank AG | 2113 | &nbsp;&nbsp;&nbsp; 262895 |
| VP Bank AG - Class A | 722 | &nbsp;&nbsp;&nbsp; 77988 |
|  |  | &nbsp;&nbsp;&nbsp; 340883 |
| **Luxembourg — 0.3%** | **Luxembourg — 0.3%** | **Luxembourg — 0.3%** |
| Aperam SA | 9154 | &nbsp;&nbsp;&nbsp; 368031 |
| Eurofins Scientific SE | 4988 | &nbsp;&nbsp;&nbsp; 364782 |
| RTL Group SA (d) | 3665 | &nbsp;&nbsp;&nbsp; 154251 |
| SES SA | 78345 | &nbsp;&nbsp;&nbsp; 558675 |
|  |  | &nbsp;&nbsp;&nbsp; 1445739 |
| **Macau — 0.0%** | **Macau — 0.0%** | **Macau — 0.0%** |
| MECOM Power & Construction Ltd. (a) | 43500 | &nbsp;&nbsp;&nbsp; 906 |
| SJM Holdings Ltd. (a) (d) | 384249 | &nbsp;&nbsp;&nbsp; 102704 |
| Wynn Macau Ltd.  | 68800 | &nbsp;&nbsp;&nbsp; 48138 |
|  |  | &nbsp;&nbsp;&nbsp; 151748 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Malaysia — 0.0%** | **Malaysia — 0.0%** | **Malaysia — 0.0%** |
| Frencken Group Ltd.  | 57600 | &nbsp;&nbsp;&nbsp; $93452 |
| **Mongolia — 0.0%** | **Mongolia — 0.0%** | **Mongolia — 0.0%** |
| Mongolian Mining Corp. (a) (d) | 63000 | &nbsp;&nbsp;&nbsp; 84115 |
| **Netherlands — 1.8%** | **Netherlands — 1.8%** | **Netherlands — 1.8%** |
| Aalberts NV | 5427 | &nbsp;&nbsp;&nbsp; 188723 |
| Acomo NV | 2850 | &nbsp;&nbsp;&nbsp; 88263 |
| Akzo Nobel NV (d) | 12389 | &nbsp;&nbsp;&nbsp; 710945 |
| Alfen NV (a) (d) | 2166 | &nbsp;&nbsp;&nbsp; 23223 |
| AMG Critical Materials NV | 1922 | &nbsp;&nbsp;&nbsp; 77723 |
| Arcadis NV (d) | 6197 | &nbsp;&nbsp;&nbsp; 199478 |
| Argo Properties NV (a) | 626 | &nbsp;&nbsp;&nbsp; 25702 |
| Basic-Fit NV (a) | 8733 | &nbsp;&nbsp;&nbsp; 300750 |
| Brunel International NV (d) | 4749 | &nbsp;&nbsp;&nbsp; 36501 |
| Corbion NV | 11712 | &nbsp;&nbsp;&nbsp; 256439 |
| CTP NV | 13687 | &nbsp;&nbsp;&nbsp; 230341 |
| Flow Traders Ltd. (a) | 7758 | &nbsp;&nbsp;&nbsp; 246307 |
| ForFarmers NV | 8050 | &nbsp;&nbsp;&nbsp; 58849 |
| Fugro NV | 5306 | &nbsp;&nbsp;&nbsp; 65952 |
| IMCD NV (d) | 4051 | &nbsp;&nbsp;&nbsp; 422799 |
| Kendrion NV | 3408 | &nbsp;&nbsp;&nbsp; 67287 |
| Koninklijke BAM Groep NV | 66813 | &nbsp;&nbsp;&nbsp; 674909 |
| Koninklijke Heijmans NV | 6281 | &nbsp;&nbsp;&nbsp; 568909 |
| Koninklijke Vopak NV | 13007 | &nbsp;&nbsp;&nbsp; 701831 |
| Magnum Ice Cream Co. NV (a) (d) | 17059 | &nbsp;&nbsp;&nbsp; 251781 |
| Nedap NV | 1044 | &nbsp;&nbsp;&nbsp; 96212 |
| Pharming Group NV (a) | 76183 | &nbsp;&nbsp;&nbsp; 126453 |
| PostNL NV | 42125 | &nbsp;&nbsp;&nbsp; 53161 |
| Randstad NV (d) | 14799 | &nbsp;&nbsp;&nbsp; 388799 |
| SBM Offshore NV | 28553 | &nbsp;&nbsp;&nbsp; 1135597 |
| SIF Holding NV (a) (d) | 1469 | &nbsp;&nbsp;&nbsp; 10867 |
| Sligro Food Group NV | 4674 | &nbsp;&nbsp;&nbsp; 73619 |
| TKH Group NV (d) | 8207 | &nbsp;&nbsp;&nbsp; 352109 |
| TomTom NV (a) | 7804 | &nbsp;&nbsp;&nbsp; 39607 |
| Van Lanschot Kempen NV | 6165 | &nbsp;&nbsp;&nbsp; 408783 |
|  |  | &nbsp;&nbsp;&nbsp; 7881919 |
| **New Zealand — 0.3%** | **New Zealand — 0.3%** | **New Zealand — 0.3%** |
| Air New Zealand Ltd.  | 216039 | &nbsp;&nbsp;&nbsp; 54182 |
| Briscoe Group Ltd.  | 13123 | &nbsp;&nbsp;&nbsp; 35153 |
| Channel Infrastructure NZ Ltd.  | 44779 | &nbsp;&nbsp;&nbsp; 74527 |
| Delegat Group Ltd.  | 6671 | &nbsp;&nbsp;&nbsp; 14693 |
| Eroad Ltd. (a) | 7847 | &nbsp;&nbsp;&nbsp; 4010 |
| Fletcher Building Ltd. (a) | 6120 | &nbsp;&nbsp;&nbsp; 10429 |
| Freightways Group Ltd.  | 26416 | &nbsp;&nbsp;&nbsp; 182530 |
| Genesis Energy Ltd.  | 27450 | &nbsp;&nbsp;&nbsp; 34509 |
| Gentrack Group Ltd. (a) | 7810 | &nbsp;&nbsp;&nbsp; 29884 |
| Hallenstein Glasson Holdings Ltd.  | 13182 | &nbsp;&nbsp;&nbsp; 75727 |
| Heartland Group Holdings Ltd.  | 137070 | &nbsp;&nbsp;&nbsp; 95064 |
| Investore Property Ltd. (REIT) | 50353 | &nbsp;&nbsp;&nbsp; 30269 |
| KMD Brands Ltd. (a) (b) (c) | 106864 | &nbsp;&nbsp;&nbsp; 11988 |
| NZME Ltd.  | 71247 | &nbsp;&nbsp;&nbsp; 43432 |
| NZX Ltd.  | 75475 | &nbsp;&nbsp;&nbsp; 57388 |
| Oceania Healthcare Ltd. (a) | 113418 | &nbsp;&nbsp;&nbsp; 45678 |
| Pacific Edge Ltd. (a) | 89677 | &nbsp;&nbsp;&nbsp; 8942 |

---

**BHFTII-118**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **New Zealand — (Continued)** | **New Zealand — (Continued)** | **New Zealand — (Continued)** |
| PGG Wrightson Ltd.  | 5854 | &nbsp;&nbsp;&nbsp; $7185 |
| Ryman Healthcare Ltd. (a) | 29640 | &nbsp;&nbsp;&nbsp; 36197 |
| Sanford Ltd.  | 17782 | &nbsp;&nbsp;&nbsp; 72162 |
| Scales Corp. Ltd.  | 25709 | &nbsp;&nbsp;&nbsp; 88027 |
| Serko Ltd. (a) | 5880 | &nbsp;&nbsp;&nbsp; 5621 |
| Skellerup Holdings Ltd.  | 34311 | &nbsp;&nbsp;&nbsp; 102726 |
| SKY Network Television Ltd.  | 26052 | &nbsp;&nbsp;&nbsp; 46759 |
| SKYCITY Entertainment Group Ltd. (a) | 97557 | &nbsp;&nbsp;&nbsp; 39376 |
| Steel & Tube Holdings Ltd. (a) | 51732 | &nbsp;&nbsp;&nbsp; 12501 |
| Summerset Group Holdings Ltd.  | 22306 | &nbsp;&nbsp;&nbsp; 114001 |
| Tourism Holdings Ltd.  | 29422 | &nbsp;&nbsp;&nbsp; 37339 |
| TOWER Ltd.  | 48467 | &nbsp;&nbsp;&nbsp; 51732 |
| Turners Automotive Group Ltd.  | 10001 | &nbsp;&nbsp;&nbsp; 50665 |
| Warehouse Group Ltd. (a) | 26369 | &nbsp;&nbsp;&nbsp; 9978 |
|  |  | &nbsp;&nbsp;&nbsp; 1482674 |
| **Norway — 0.6%** | **Norway — 0.6%** | **Norway — 0.6%** |
| 2020 Bulkers Ltd.  | 3023 | &nbsp;&nbsp;&nbsp; 42865 |
| ABG Sundal Collier Holding ASA | 101806 | &nbsp;&nbsp;&nbsp; 84481 |
| Akastor ASA | 30992 | &nbsp;&nbsp;&nbsp; 48660 |
| Aker BioMarine ASA (a) | 1110 | &nbsp;&nbsp;&nbsp; 12141 |
| ArcticZymes Technologies ASA (a) | 4578 | &nbsp;&nbsp;&nbsp; 9317 |
| Axactor ASA (a) | 50628 | &nbsp;&nbsp;&nbsp; 34786 |
| B2 Impact ASA | 41724 | &nbsp;&nbsp;&nbsp; 100935 |
| Bluenord ASA | 1843 | &nbsp;&nbsp;&nbsp; 105804 |
| Bonheur ASA | 3198 | &nbsp;&nbsp;&nbsp; 79276 |
| Bouvet ASA | 11240 | &nbsp;&nbsp;&nbsp; 58938 |
| BW Offshore Ltd.  | 19722 | &nbsp;&nbsp;&nbsp; 105516 |
| Cloudberry Clean Energy ASA (a) | 5774 | &nbsp;&nbsp;&nbsp; 7891 |
| DNO ASA | 94590 | &nbsp;&nbsp;&nbsp; 211984 |
| Elkem ASA | 15271 | &nbsp;&nbsp;&nbsp; 45250 |
| Elmera Group ASA | 17814 | &nbsp;&nbsp;&nbsp; 64517 |
| Elopak ASA | 11854 | &nbsp;&nbsp;&nbsp; 44530 |
| Europris ASA | 32490 | &nbsp;&nbsp;&nbsp; 306953 |
| FLEX LNG Ltd. (a) (d) | 948 | &nbsp;&nbsp;&nbsp; 28165 |
| Grieg Seafood ASA (a) | 10403 | &nbsp;&nbsp;&nbsp; 82344 |
| Hexagon Purus ASA (a) | 12472 | &nbsp;&nbsp;&nbsp; 1354 |
| Kid ASA | 4880 | &nbsp;&nbsp;&nbsp; 63519 |
| Kitron ASA | 28832 | &nbsp;&nbsp;&nbsp; 280928 |
| Klaveness Combination Carriers ASA | 2039 | &nbsp;&nbsp;&nbsp; 19906 |
| LINK Mobility Group Holding ASA (a) | 18904 | &nbsp;&nbsp;&nbsp; 43757 |
| Medistim ASA | 1762 | &nbsp;&nbsp;&nbsp; 38582 |
| MPC Container Ships ASA | 52837 | &nbsp;&nbsp;&nbsp; 124838 |
| Multiconsult ASA | 1528 | &nbsp;&nbsp;&nbsp; 25994 |
| Nekkar ASA (a) | 8927 | &nbsp;&nbsp;&nbsp; 12285 |
| Norbit ASA | 4655 | &nbsp;&nbsp;&nbsp; 91987 |
| Nordic Mining ASA (a) | 5057 | &nbsp;&nbsp;&nbsp; 6171 |
| Norwegian Air Shuttle ASA | 68212 | &nbsp;&nbsp;&nbsp; 100500 |
| Odfjell SE - A Shares | 1949 | &nbsp;&nbsp;&nbsp; 23838 |
| OKEA ASA (a) | 884 | &nbsp;&nbsp;&nbsp; 3771 |
| Pareto Bank ASA | 4052 | &nbsp;&nbsp;&nbsp; 35812 |
| Pexip Holding ASA | 4814 | &nbsp;&nbsp;&nbsp; 30553 |
| PhotoCure ASA (a) | 2065 | &nbsp;&nbsp;&nbsp; 12664 |
| Rana Gruber ASA | 1733 | &nbsp;&nbsp;&nbsp; 14068 |
| SATS ASA | 10406 | &nbsp;&nbsp;&nbsp; 46011 |
| Sea1 offshore, Inc. (a) | 3692 | &nbsp;&nbsp;&nbsp; 13454 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Norway — (Continued)** | **Norway — (Continued)** | **Norway — (Continued)** |
| Selvaag Bolig ASA | 7524 | &nbsp;&nbsp;&nbsp; $25637 |
| Solstad Maritime ASA | 16056 | &nbsp;&nbsp;&nbsp; 47685 |
| Sparebanken More | 2450 | &nbsp;&nbsp;&nbsp; 29733 |
| Zaptec ASA (a) | 7253 | &nbsp;&nbsp;&nbsp; 21635 |
|  |  | &nbsp;&nbsp;&nbsp; 2589035 |
| **Peru — 0.2%** | **Peru — 0.2%** | **Peru — 0.2%** |
| Hochschild Mining PLC | 87476 | &nbsp;&nbsp;&nbsp; 710914 |
| **Philippines — 0.0%** | **Philippines — 0.0%** | **Philippines — 0.0%** |
| Del Monte Pacific Ltd. (a) | 77636 | &nbsp;&nbsp;&nbsp; 5051 |
| **Poland — 0.0%** | **Poland — 0.0%** | **Poland — 0.0%** |
| InPost SA (a) | 5199 | &nbsp;&nbsp;&nbsp; 91270 |
| **Portugal — 0.2%** | **Portugal — 0.2%** | **Portugal — 0.2%** |
| Altri SGPS SA (d) | 5181 | &nbsp;&nbsp;&nbsp; 29592 |
| CTT-Correios de Portugal SA | 14040 | &nbsp;&nbsp;&nbsp; 99332 |
| Ibersol SGPS SA | 1360 | &nbsp;&nbsp;&nbsp; 17104 |
| Mota-Engil SGPS SA (d) | 13936 | &nbsp;&nbsp;&nbsp; 72808 |
| Navigator Co. SA (d) | 12772 | &nbsp;&nbsp;&nbsp; 50049 |
| NOS SGPS SA | 32767 | &nbsp;&nbsp;&nbsp; 207713 |
| REN - Redes Energeticas Nacionais SGPS SA | 57601 | &nbsp;&nbsp;&nbsp; 250073 |
| Semapa-Sociedade de Investimento e Gestao | 805 | &nbsp;&nbsp;&nbsp; 20897 |
| Sonae SGPS SA | 120553 | &nbsp;&nbsp;&nbsp; 267647 |
|  |  | &nbsp;&nbsp;&nbsp; 1015215 |
| **Singapore — 1.3%** | **Singapore — 1.3%** | **Singapore — 1.3%** |
| Abterra Ltd. (a) (b) (c) | 51720 | &nbsp;&nbsp;&nbsp; 0 |
| AEM Holdings Ltd. (a) | 47167 | &nbsp;&nbsp;&nbsp; 156461 |
| Aztech Global Ltd.  | 28600 | &nbsp;&nbsp;&nbsp; 17914 |
| Banyan Tree Holdings Ltd.  | 58200 | &nbsp;&nbsp;&nbsp; 26607 |
| Bonvests Holdings Ltd.  | 18000 | &nbsp;&nbsp;&nbsp; 13020 |
| Boustead Singapore Ltd.  | 54899 | &nbsp;&nbsp;&nbsp; 79892 |
| Bukit Sembawang Estates Ltd.  | 30800 | &nbsp;&nbsp;&nbsp; 109768 |
| Capitaland India Trust | 183572 | &nbsp;&nbsp;&nbsp; 145657 |
| Centurion Corp. Ltd.  | 34500 | &nbsp;&nbsp;&nbsp; 39894 |
| China Aviation Oil Singapore Corp. Ltd.  | 55000 | &nbsp;&nbsp;&nbsp; 88544 |
| China Sunsine Chemical Holdings Ltd.  | 70000 | &nbsp;&nbsp;&nbsp; 34512 |
| Chuan Hup Holdings Ltd.  | 125000 | &nbsp;&nbsp;&nbsp; 22415 |
| City Developments Ltd.  | 18300 | &nbsp;&nbsp;&nbsp; 117917 |
| ComfortDelGro Corp. Ltd.  | 398200 | &nbsp;&nbsp;&nbsp; 449249 |
| COSCO Shipping International Singapore Co. Ltd. (a) | 214300 | &nbsp;&nbsp;&nbsp; 19167 |
| CSE Global Ltd.  | 90182 | &nbsp;&nbsp;&nbsp; 84764 |
| Delfi Ltd.  | 65900 | &nbsp;&nbsp;&nbsp; 48753 |
| Ezion Holdings Ltd. (a) (b) (c) | 753729 | &nbsp;&nbsp;&nbsp; 0 |
| Ezra Holdings Ltd. (a) (b) (c) | 1000703 | &nbsp;&nbsp;&nbsp; 0 |
| Far East Orchard Ltd.  | 64720 | &nbsp;&nbsp;&nbsp; 58773 |
| Food Empire Holdings Ltd.  | 41000 | &nbsp;&nbsp;&nbsp; 97287 |
| Fraser & Neave Ltd.  | 36400 | &nbsp;&nbsp;&nbsp; 40735 |
| Fu Yu Corp. Ltd. (a) | 98800 | &nbsp;&nbsp;&nbsp; 6636 |
| Geo Energy Resources Ltd.  | 155000 | &nbsp;&nbsp;&nbsp; 61968 |
| GuocoLand Ltd.  | 42000 | &nbsp;&nbsp;&nbsp; 77402 |
| Haw Par Corp. Ltd.  | 18900 | &nbsp;&nbsp;&nbsp; 250441 |
| Hiap Hoe Ltd.  | 58000 | &nbsp;&nbsp;&nbsp; 29539 |
| Ho Bee Land Ltd.  | 31100 | &nbsp;&nbsp;&nbsp; 51253 |

---

**BHFTII-119**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Singapore — (Continued)** | **Singapore — (Continued)** | **Singapore — (Continued)** |
| Hong Fok Corp. Ltd.  | 57540 | &nbsp;&nbsp;&nbsp; $39334 |
| Hong Leong Asia Ltd.  | 35700 | &nbsp;&nbsp;&nbsp; 78927 |
| Hong Leong Finance Ltd.  | 43900 | &nbsp;&nbsp;&nbsp; 87500 |
| Hotel Grand Central Ltd.  | 26435 | &nbsp;&nbsp;&nbsp; 14873 |
| Hour Glass Ltd.  | 44300 | &nbsp;&nbsp;&nbsp; 79264 |
| HRnetgroup Ltd.  | 67700 | &nbsp;&nbsp;&nbsp; 39286 |
| Hyflux Ltd. (a) (b) (c) | 179500 | &nbsp;&nbsp;&nbsp; 0 |
| iFAST Corp. Ltd.  | 8600 | &nbsp;&nbsp;&nbsp; 60558 |
| IGG, Inc.  | 162000 | &nbsp;&nbsp;&nbsp; 72579 |
| Indofood Agri Resources Ltd.  | 152000 | &nbsp;&nbsp;&nbsp; 49310 |
| InnoTek Ltd.  | 17400 | &nbsp;&nbsp;&nbsp; 9361 |
| Keppel Infrastructure Trust | 823428 | &nbsp;&nbsp;&nbsp; 327438 |
| Metro Holdings Ltd.  | 141600 | &nbsp;&nbsp;&nbsp; 51305 |
| Mewah International, Inc.  | 110000 | &nbsp;&nbsp;&nbsp; 26941 |
| Midas Holdings Ltd. (a) (b) (c) | 452000 | &nbsp;&nbsp;&nbsp; 0 |
| Nanofilm Technologies International Ltd.  | 29200 | &nbsp;&nbsp;&nbsp; 13379 |
| Netlink NBN Trust | 345500 | &nbsp;&nbsp;&nbsp; 260022 |
| OM Holdings Ltd.  | 21506 | &nbsp;&nbsp;&nbsp; 3841 |
| OUE Ltd.  | 42867 | &nbsp;&nbsp;&nbsp; 37179 |
| Oxley Holdings Ltd. (a) | 268718 | &nbsp;&nbsp;&nbsp; 17226 |
| Pan-United Corp. Ltd.  | 53750 | &nbsp;&nbsp;&nbsp; 65435 |
| Propnex Ltd.  | 15400 | &nbsp;&nbsp;&nbsp; 20148 |
| Q&M Dental Group Singapore Ltd.  | 50160 | &nbsp;&nbsp;&nbsp; 20736 |
| QAF Ltd.  | 74167 | &nbsp;&nbsp;&nbsp; 58509 |
| Raffles Medical Group Ltd.  | 156411 | &nbsp;&nbsp;&nbsp; 123312 |
| Rickmers Maritime (a) (b) (c) | 110000 | &nbsp;&nbsp;&nbsp; 0 |
| Riverstone Holdings Ltd.  | 11900 | &nbsp;&nbsp;&nbsp; 6355 |
| SATS Ltd.  | 6700 | &nbsp;&nbsp;&nbsp; 18482 |
| SBS Transit Ltd.  | 16600 | &nbsp;&nbsp;&nbsp; 50612 |
| Seatrium Ltd.  | 104100 | &nbsp;&nbsp;&nbsp; 193007 |
| Sheng Siong Group Ltd.  | 125900 | &nbsp;&nbsp;&nbsp; 277013 |
| SIA Engineering Co. Ltd.  | 55200 | &nbsp;&nbsp;&nbsp; 139812 |
| Sing Holdings Ltd.  | 62200 | &nbsp;&nbsp;&nbsp; 32778 |
| Singapore Land Group Ltd.  | 20800 | &nbsp;&nbsp;&nbsp; 57211 |
| Singapore Post Ltd.  | 233200 | &nbsp;&nbsp;&nbsp; 62637 |
| Stamford Land Corp. Ltd.  | 220201 | &nbsp;&nbsp;&nbsp; 79906 |
| StarHub Ltd.  | 117100 | &nbsp;&nbsp;&nbsp; 92953 |
| Straits Trading Co. Ltd.  | 15939 | &nbsp;&nbsp;&nbsp; 20131 |
| Swiber Holdings Ltd. (a) (b) (c) | 117749 | &nbsp;&nbsp;&nbsp; 0 |
| Swiber Holdings Ltd. (a) (b) (c) | 117749 | &nbsp;&nbsp;&nbsp; 0 |
| Thomson Medical Group Ltd. (a) | 328600 | &nbsp;&nbsp;&nbsp; 14151 |
| Tuan Sing Holdings Ltd.  | 129114 | &nbsp;&nbsp;&nbsp; 29852 |
| UMS Integration Ltd.  | 138140 | &nbsp;&nbsp;&nbsp; 168186 |
| United Overseas Insurance Ltd.  | 4000 | &nbsp;&nbsp;&nbsp; 25138 |
| UOB-Kay Hian Holdings Ltd.  | 71861 | &nbsp;&nbsp;&nbsp; 192220 |
| UOL Group Ltd.  | 22400 | &nbsp;&nbsp;&nbsp; 170623 |
| Venture Corp. Ltd.  | 36900 | &nbsp;&nbsp;&nbsp; 443919 |
| Vicom Ltd.  | 26000 | &nbsp;&nbsp;&nbsp; 36064 |
| Wee Hur Holdings Ltd.  | 85000 | &nbsp;&nbsp;&nbsp; 43055 |
| Wing Tai Holdings Ltd.  | 68521 | &nbsp;&nbsp;&nbsp; 87417 |
| Yeo Hiap Seng Ltd.  | 20155 | &nbsp;&nbsp;&nbsp; 9267 |
|  |  | &nbsp;&nbsp;&nbsp; 5935820 |
| **South Africa — 0.2%** | **South Africa — 0.2%** | **South Africa — 0.2%** |
| Pan African Resources PLC | 368191 | &nbsp;&nbsp;&nbsp; 695254 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **South Africa — (Continued)** | **South Africa — (Continued)** | **South Africa — (Continued)** |
| Scatec ASA (a) | 10806 | &nbsp;&nbsp;&nbsp; $146146 |
|  |  | &nbsp;&nbsp;&nbsp; 841400 |
| **South Korea — 0.0%** | **South Korea — 0.0%** | **South Korea — 0.0%** |
| Delivery Hero SE (a) | 4482 | &nbsp;&nbsp;&nbsp; 79984 |
| **Spain — 2.2%** | **Spain — 2.2%** | **Spain — 2.2%** |
| Acciona SA (d) | 2171 | &nbsp;&nbsp;&nbsp; 572944 |
| Almirall SA | 14567 | &nbsp;&nbsp;&nbsp; 206488 |
| Amper SA (a) (d) | 312387 | &nbsp;&nbsp;&nbsp; 57229 |
| Atalaya Mining Copper SA | 5060 | &nbsp;&nbsp;&nbsp; 47841 |
| Atresmedia Corp. de Medios de Comunicacion SA (d) | 17571 | &nbsp;&nbsp;&nbsp; 98172 |
| Audax Renovables SA (a) (d) | 12644 | &nbsp;&nbsp;&nbsp; 21342 |
| Azkoyen SA | 3142 | &nbsp;&nbsp;&nbsp; 33093 |
| Bankinter SA (d) | 33615 | &nbsp;&nbsp;&nbsp; 529187 |
| Befesa SA | 6454 | &nbsp;&nbsp;&nbsp; 217619 |
| Caja de Ahorros del Mediterraneo (a) (b) (c) (d) | 14621 | &nbsp;&nbsp;&nbsp; 0 |
| CIE Automotive SA | 3745 | &nbsp;&nbsp;&nbsp; 118126 |
| Construcciones y Auxiliar de Ferrocarriles SA | 3338 | &nbsp;&nbsp;&nbsp; 226574 |
| Corp. ACCIONA Energias Renovables SA | 1088 | &nbsp;&nbsp;&nbsp; 27094 |
| Distribuidora Internacional de Alimentacion SA (a) | 2455 | &nbsp;&nbsp;&nbsp; 115854 |
| Ebro Foods SA | 8288 | &nbsp;&nbsp;&nbsp; 180879 |
| eDreams ODIGEO SA (a) | 15944 | &nbsp;&nbsp;&nbsp; 57799 |
| Elecnor SA | 5975 | &nbsp;&nbsp;&nbsp; 236357 |
| Enagas SA | 41948 | &nbsp;&nbsp;&nbsp; 833342 |
| Ence Energia y Celulosa SA (a) (d) | 8269 | &nbsp;&nbsp;&nbsp; 22153 |
| Faes Farma SA (d) | 53133 | &nbsp;&nbsp;&nbsp; 288658 |
| Fluidra SA | 8391 | &nbsp;&nbsp;&nbsp; 194512 |
| Gestamp Automocion SA | 22065 | &nbsp;&nbsp;&nbsp; 75882 |
| Global Dominion Access SA | 14183 | &nbsp;&nbsp;&nbsp; 50680 |
| Grenergy Renovables SA (a) | 1152 | &nbsp;&nbsp;&nbsp; 153454 |
| Grifols SA (d) | 27748 | &nbsp;&nbsp;&nbsp; 291435 |
| Grupo Empresarial San Jose SA | 3249 | &nbsp;&nbsp;&nbsp; 30191 |
| Iberpapel Gestion SA | 1150 | &nbsp;&nbsp;&nbsp; 26081 |
| Indra Sistemas SA (d) | 15284 | &nbsp;&nbsp;&nbsp; 842199 |
| Laboratorios Farmaceuticos Rovi SA | 1847 | &nbsp;&nbsp;&nbsp; 174385 |
| Linea Directa Aseguradora SA Cia de Seguros y Reaseguros | 67894 | &nbsp;&nbsp;&nbsp; 93384 |
| Logista Integral SA | 10738 | &nbsp;&nbsp;&nbsp; 403963 |
| Mapfre SA | 55353 | &nbsp;&nbsp;&nbsp; 247784 |
| Melia Hotels International SA | 12434 | &nbsp;&nbsp;&nbsp; 139214 |
| Miquel y Costas & Miquel SA (d) | 8745 | &nbsp;&nbsp;&nbsp; 145711 |
| Neinor Homes SA | 4915 | &nbsp;&nbsp;&nbsp; 94872 |
| Obrascon Huarte Lain SA (a) | 67145 | &nbsp;&nbsp;&nbsp; 32841 |
| Pharma Mar SA (a) | 1831 | &nbsp;&nbsp;&nbsp; 187447 |
| Prim SA | 3013 | &nbsp;&nbsp;&nbsp; 44584 |
| Promotora de Informaciones SA - Class A (a) (d) | 83921 | &nbsp;&nbsp;&nbsp; 29267 |
| Prosegur Cash SA | 28432 | &nbsp;&nbsp;&nbsp; 20750 |
| Realia Business SA (a) | 109360 | &nbsp;&nbsp;&nbsp; 125703 |
| Redeia Corp. SA (d) | 16799 | &nbsp;&nbsp;&nbsp; 284291 |
| Sacyr SA | 96259 | &nbsp;&nbsp;&nbsp; 476230 |
| Solaria Energia y Medio Ambiente SA (a) | 3186 | &nbsp;&nbsp;&nbsp; 89220 |
| Talgo SA (a) (d) | 8660 | &nbsp;&nbsp;&nbsp; 27586 |
| Tecnicas Reunidas SA (a) | 8766 | &nbsp;&nbsp;&nbsp; 315402 |
| Tubacex SA (d) | 13659 | &nbsp;&nbsp;&nbsp; 45504 |
| Unicaja Banco SA | 169625 | &nbsp;&nbsp;&nbsp; 505310 |
| Vidrala SA | 3130 | &nbsp;&nbsp;&nbsp; 279762 |

---

**BHFTII-120**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Spain — (Continued)** | **Spain — (Continued)** | **Spain — (Continued)** |
| Viscofan SA | 2846 | &nbsp;&nbsp;&nbsp; $199602 |
| Vocento SA (a) (d) | 18128 | &nbsp;&nbsp;&nbsp; 15575 |
|  |  | &nbsp;&nbsp;&nbsp; 9533572 |
| **Sweden — 2.4%** | **Sweden — 2.4%** | **Sweden — 2.4%** |
| AcadeMedia AB | 16763 | &nbsp;&nbsp;&nbsp; 177881 |
| AddLife AB - Class B | 13922 | &nbsp;&nbsp;&nbsp; 206670 |
| Addnode Group AB (d) | 29228 | &nbsp;&nbsp;&nbsp; 205807 |
| AFRY AB | 16879 | &nbsp;&nbsp;&nbsp; 231242 |
| Alimak Group AB | 13678 | &nbsp;&nbsp;&nbsp; 156085 |
| Alleima AB (d) | 21516 | &nbsp;&nbsp;&nbsp; 171420 |
| Alligo AB - Class B | 5525 | &nbsp;&nbsp;&nbsp; 74183 |
| Ambea AB | 8960 | &nbsp;&nbsp;&nbsp; 126363 |
| Annehem Fastigheter AB - Class B (a) | 11788 | &nbsp;&nbsp;&nbsp; 22494 |
| AQ Group AB | 7910 | &nbsp;&nbsp;&nbsp; 156952 |
| Arjo AB - B Shares | 45181 | &nbsp;&nbsp;&nbsp; 119657 |
| Atea ASA | 11557 | &nbsp;&nbsp;&nbsp; 169078 |
| Attendo AB | 24407 | &nbsp;&nbsp;&nbsp; 261450 |
| Beijer Alma AB | 8568 | &nbsp;&nbsp;&nbsp; 219845 |
| Bergman & Beving AB | 4688 | &nbsp;&nbsp;&nbsp; 134631 |
| Betsson AB - Class B | 10877 | &nbsp;&nbsp;&nbsp; 116568 |
| BHG Group AB (a) | 26427 | &nbsp;&nbsp;&nbsp; 65527 |
| Bilia AB - A Shares (d) | 14900 | &nbsp;&nbsp;&nbsp; 197405 |
| Billerud Aktiebolag | 3168 | &nbsp;&nbsp;&nbsp; 24469 |
| BioGaia AB - B Shares | 5025 | &nbsp;&nbsp;&nbsp; 64191 |
| BioInvent International AB (a) | 5008 | &nbsp;&nbsp;&nbsp; 11792 |
| Bjorn Borg AB (d) | 2344 | &nbsp;&nbsp;&nbsp; 17043 |
| Bonava AB - B Shares (a) | 54204 | &nbsp;&nbsp;&nbsp; 53966 |
| Boozt AB (a) | 5455 | &nbsp;&nbsp;&nbsp; 54408 |
| Bravida Holding AB | 5903 | &nbsp;&nbsp;&nbsp; 62215 |
| Bufab AB (d) | 19074 | &nbsp;&nbsp;&nbsp; 213875 |
| Bulten AB | 4294 | &nbsp;&nbsp;&nbsp; 19492 |
| Bure Equity AB | 280 | &nbsp;&nbsp;&nbsp; 6501 |
| Byggmax Group AB | 8739 | &nbsp;&nbsp;&nbsp; 50522 |
| Catella AB | 2281 | &nbsp;&nbsp;&nbsp; 5003 |
| Cellavision AB | 1841 | &nbsp;&nbsp;&nbsp; 29857 |
| Cibus Nordic Real Estate AB publ (d) | 5146 | &nbsp;&nbsp;&nbsp; 77677 |
| Clas Ohlson AB - B Shares | 4732 | &nbsp;&nbsp;&nbsp; 187491 |
| Cloetta AB - B Shares | 44507 | &nbsp;&nbsp;&nbsp; 252518 |
| Coor Service Management Holding AB | 17845 | &nbsp;&nbsp;&nbsp; 112479 |
| Corem Property Group AB - Class D | 1520 | &nbsp;&nbsp;&nbsp; 37054 |
| CTT Systems AB | 466 | &nbsp;&nbsp;&nbsp; 6519 |
| Dios Fastigheter AB | 26164 | &nbsp;&nbsp;&nbsp; 174838 |
| Dometic Group AB | 9418 | &nbsp;&nbsp;&nbsp; 25670 |
| Dustin Group AB (a) | 150416 | &nbsp;&nbsp;&nbsp; 21842 |
| Dynavox Group AB (a) | 5808 | &nbsp;&nbsp;&nbsp; 54665 |
| Eastnine AB | 9147 | &nbsp;&nbsp;&nbsp; 43261 |
| Electrolux Professional AB - Class B | 46563 | &nbsp;&nbsp;&nbsp; 252187 |
| Elekta AB - B Shares | 26773 | &nbsp;&nbsp;&nbsp; 158986 |
| Eltel AB (a) | 18428 | &nbsp;&nbsp;&nbsp; 16294 |
| Enea AB (a) (d) | 4082 | &nbsp;&nbsp;&nbsp; 24292 |
| Engcon AB | 987 | &nbsp;&nbsp;&nbsp; 6803 |
| Ependion AB | 6445 | &nbsp;&nbsp;&nbsp; 62501 |
| Ework Group AB (d) | 2864 | &nbsp;&nbsp;&nbsp; 20630 |
| Fagerhult Group AB | 9154 | &nbsp;&nbsp;&nbsp; 26536 |
| Fastighets AB Trianon (a) | 3988 | &nbsp;&nbsp;&nbsp; 7585 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Sweden — (Continued)** | **Sweden — (Continued)** | **Sweden — (Continued)** |
| Fastighetsbolaget Emilshus AB - Class B (a) | 1066 | &nbsp;&nbsp;&nbsp; $5787 |
| FastPartner AB - Class A | 10644 | &nbsp;&nbsp;&nbsp; 48504 |
| FormPipe Software AB | 2450 | &nbsp;&nbsp;&nbsp; 5863 |
| G5 Entertainment AB | 208 | &nbsp;&nbsp;&nbsp; 1203 |
| Granges AB | 23728 | &nbsp;&nbsp;&nbsp; 374311 |
| Hanza AB | 3508 | &nbsp;&nbsp;&nbsp; 55254 |
| Heba Fastighets AB - Class B | 15224 | &nbsp;&nbsp;&nbsp; 44778 |
| Hexatronic Group AB (a) | 17361 | &nbsp;&nbsp;&nbsp; 59020 |
| HMS Networks AB (a) | 1585 | &nbsp;&nbsp;&nbsp; 71398 |
| Hoist Finance AB | 9270 | &nbsp;&nbsp;&nbsp; 146382 |
| Humana AB | 6890 | &nbsp;&nbsp;&nbsp; 35461 |
| Instalco AB | 17105 | &nbsp;&nbsp;&nbsp; 57214 |
| INVISIO AB (d) | 3480 | &nbsp;&nbsp;&nbsp; 95892 |
| Inwido AB (d) | 12282 | &nbsp;&nbsp;&nbsp; 193539 |
| JM AB (d) | 14105 | &nbsp;&nbsp;&nbsp; 179452 |
| Karnov Group AB (a) | 1436 | &nbsp;&nbsp;&nbsp; 10778 |
| K-fast Holding AB (a) | 15798 | &nbsp;&nbsp;&nbsp; 16829 |
| KNOW IT AB | 5123 | &nbsp;&nbsp;&nbsp; 58138 |
| Lime Technologies AB (d) | 1613 | &nbsp;&nbsp;&nbsp; 35469 |
| Lindab International AB (d) | 16325 | &nbsp;&nbsp;&nbsp; 265077 |
| Medcap AB (a) | 1308 | &nbsp;&nbsp;&nbsp; 65186 |
| MEKO AB | 5015 | &nbsp;&nbsp;&nbsp; 36587 |
| Modern Times Group MTG AB - Class B (a) | 19566 | &nbsp;&nbsp;&nbsp; 191108 |
| Momentum Group AB | 5588 | &nbsp;&nbsp;&nbsp; 72689 |
| NCAB Group AB (a) | 11144 | &nbsp;&nbsp;&nbsp; 66595 |
| NCC AB - B Shares | 12405 | &nbsp;&nbsp;&nbsp; 275395 |
| Nederman Holding AB | 5072 | &nbsp;&nbsp;&nbsp; 74951 |
| Net Insight AB - Class B (a) | 74697 | &nbsp;&nbsp;&nbsp; 18632 |
| New Wave Group AB - B Shares | 19785 | &nbsp;&nbsp;&nbsp; 203263 |
| Nilorngruppen AB - B Shares | 1106 | &nbsp;&nbsp;&nbsp; 5989 |
| Nobia AB (a) (d) | 146505 | &nbsp;&nbsp;&nbsp; 30633 |
| Nolato AB - B Shares | 42231 | &nbsp;&nbsp;&nbsp; 214727 |
| Note AB | 2362 | &nbsp;&nbsp;&nbsp; 42499 |
| NP3 Fastigheter AB (d) | 7631 | &nbsp;&nbsp;&nbsp; 199678 |
| Nyfosa AB (d) | 37968 | &nbsp;&nbsp;&nbsp; 263730 |
| OEM International AB - B Shares | 21824 | &nbsp;&nbsp;&nbsp; 300167 |
| Ovzon AB (a) | 12178 | &nbsp;&nbsp;&nbsp; 69078 |
| Platzer Fastigheter Holding AB - Class B | 13164 | &nbsp;&nbsp;&nbsp; 94912 |
| Proact IT Group AB | 4257 | &nbsp;&nbsp;&nbsp; 44838 |
| Ratos AB - B Shares | 39932 | &nbsp;&nbsp;&nbsp; 138004 |
| RaySearch Laboratories AB | 7299 | &nbsp;&nbsp;&nbsp; 148351 |
| Rejlers AB | 1659 | &nbsp;&nbsp;&nbsp; 27605 |
| Rottneros AB (a) | 20202 | &nbsp;&nbsp;&nbsp; 5213 |
| Scandi Standard AB | 6350 | &nbsp;&nbsp;&nbsp; 99543 |
| Scandic Hotels Group AB (d) | 33911 | &nbsp;&nbsp;&nbsp; 306914 |
| Sdiptech AB - Class B (a) | 3511 | &nbsp;&nbsp;&nbsp; 75103 |
| Sensys Gatso Group AB (a) | 2792 | &nbsp;&nbsp;&nbsp; 10451 |
| SkiStar AB | 9246 | &nbsp;&nbsp;&nbsp; 160804 |
| Smartcraft Group AB (a) | 5113 | &nbsp;&nbsp;&nbsp; 9290 |
| Softronic AB - B Shares | 3875 | &nbsp;&nbsp;&nbsp; 8698 |
| Solid Forsakring AB | 2708 | &nbsp;&nbsp;&nbsp; 30199 |
| Stendorren Fastigheter AB (a) | 1576 | &nbsp;&nbsp;&nbsp; 31167 |
| Stillfront Group AB (a) | 11905 | &nbsp;&nbsp;&nbsp; 4808 |
| Storskogen Group AB - Class B | 132429 | &nbsp;&nbsp;&nbsp; 123915 |
| Swedish Logistic Property AB - Class B (a) | 6848 | &nbsp;&nbsp;&nbsp; 26337 |
| Synsam AB | 5068 | &nbsp;&nbsp;&nbsp; 37008 |

---

**BHFTII-121**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Sweden — (Continued)** | **Sweden — (Continued)** | **Sweden — (Continued)** |
| Systemair AB | 20210 | &nbsp;&nbsp;&nbsp; $153415 |
| TF Bank AB | 2070 | &nbsp;&nbsp;&nbsp; 36487 |
| Troax Group AB | 4804 | &nbsp;&nbsp;&nbsp; 49154 |
| Truecaller AB - Class B | 13719 | &nbsp;&nbsp;&nbsp; 15856 |
| VBG Group AB - B Shares | 1388 | &nbsp;&nbsp;&nbsp; 51364 |
| Vitec Software Group AB - B Shares | 4092 | &nbsp;&nbsp;&nbsp; 103731 |
| Volati AB | 1043 | &nbsp;&nbsp;&nbsp; 8849 |
|  |  | &nbsp;&nbsp;&nbsp; 10689692 |
| **Switzerland — 8.0%** | **Switzerland — 8.0%** | **Switzerland — 8.0%** |
| Accelleron Industries AG | 17893 | &nbsp;&nbsp;&nbsp; 1616075 |
| Adecco Group AG | 29277 | &nbsp;&nbsp;&nbsp; 708532 |
| Allreal Holding AG | 2796 | &nbsp;&nbsp;&nbsp; 791171 |
| ALSO Holding AG | 695 | &nbsp;&nbsp;&nbsp; 122625 |
| APG SGA SA | 280 | &nbsp;&nbsp;&nbsp; 68785 |
| Arbonia AG | 10459 | &nbsp;&nbsp;&nbsp; 59037 |
| Aryzta AG (a) (d) | 3310 | &nbsp;&nbsp;&nbsp; 258511 |
| Autoneum Holding AG | 533 | &nbsp;&nbsp;&nbsp; 77289 |
| Avolta AG | 12849 | &nbsp;&nbsp;&nbsp; 770753 |
| Banque Cantonale de Geneve | 3885 | &nbsp;&nbsp;&nbsp; 167552 |
| Banque Cantonale Vaudoise (d) | 2373 | &nbsp;&nbsp;&nbsp; 384444 |
| Barry Callebaut AG | 107 | &nbsp;&nbsp;&nbsp; 187607 |
| Belimo Holding AG | 1539 | &nbsp;&nbsp;&nbsp; 1243926 |
| Bell Food Group AG | 356 | &nbsp;&nbsp;&nbsp; 90481 |
| Bellevue Group AG (d) | 1890 | &nbsp;&nbsp;&nbsp; 18631 |
| Berner Kantonalbank AG | 1195 | &nbsp;&nbsp;&nbsp; 600032 |
| BKW AG | 329 | &nbsp;&nbsp;&nbsp; 64801 |
| Bossard Holding AG - Class A (d) | 1081 | &nbsp;&nbsp;&nbsp; 198186 |
| Bucher Industries AG (d) | 1339 | &nbsp;&nbsp;&nbsp; 590749 |
| Burckhardt Compression Holding AG | 622 | &nbsp;&nbsp;&nbsp; 372865 |
| Burkhalter Holding AG | 555 | &nbsp;&nbsp;&nbsp; 111912 |
| Bystronic AG | 259 | &nbsp;&nbsp;&nbsp; 67864 |
| Carlo Gavazzi Holding AG (a) | 124 | &nbsp;&nbsp;&nbsp; 23879 |
| Cembra Money Bank AG | 5838 | &nbsp;&nbsp;&nbsp; 727397 |
| Cham Swiss Properties AG | 1388 | &nbsp;&nbsp;&nbsp; 43930 |
| Cicor Technologies Ltd. (a) | 644 | &nbsp;&nbsp;&nbsp; 96022 |
| Cie Financiere Tradition SA | 355 | &nbsp;&nbsp;&nbsp; 117496 |
| Clariant AG (d) | 23315 | &nbsp;&nbsp;&nbsp; 231166 |
| Coltene Holding AG (d) | 480 | &nbsp;&nbsp;&nbsp; 28782 |
| CPH Group AG | 227 | &nbsp;&nbsp;&nbsp; 16560 |
| Daetwyler Holding AG | 685 | &nbsp;&nbsp;&nbsp; 122566 |
| DKSH Holding AG | 7016 | &nbsp;&nbsp;&nbsp; 514386 |
| dormakaba Holding AG | 5980 | &nbsp;&nbsp;&nbsp; 384346 |
| EDAG Engineering Group AG (a) | 3171 | &nbsp;&nbsp;&nbsp; 14070 |
| EFG International AG | 18152 | &nbsp;&nbsp;&nbsp; 386036 |
| Emmi AG (d) | 437 | &nbsp;&nbsp;&nbsp; 467829 |
| Feintool International Holding AG (a) (d) | 1764 | &nbsp;&nbsp;&nbsp; 19877 |
| Fenix Outdoor International AG | 1091 | &nbsp;&nbsp;&nbsp; 51685 |
| Flughafen Zurich AG | 3975 | &nbsp;&nbsp;&nbsp; 1239708 |
| Forbo Holding AG (d) | 180 | &nbsp;&nbsp;&nbsp; 168910 |
| Fundamenta Real Estate AG | 5187 | &nbsp;&nbsp;&nbsp; 120437 |
| Galenica AG | 9937 | &nbsp;&nbsp;&nbsp; 1134349 |
| GAM Holding AG (a) | 30739 | &nbsp;&nbsp;&nbsp; 4095 |
| Georg Fischer AG (d) | 12600 | &nbsp;&nbsp;&nbsp; 645423 |
| Helvetia Baloise Holding AG | 452 | &nbsp;&nbsp;&nbsp; 116756 |
| Hiag Immobilien Holding AG | 888 | &nbsp;&nbsp;&nbsp; 150072 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Switzerland — (Continued)** | **Switzerland — (Continued)** | **Switzerland — (Continued)** |
| Huber & Suhner AG | 2756 | &nbsp;&nbsp;&nbsp; $610452 |
| Hypothekarbank Lenzburg AG | 3 | &nbsp;&nbsp;&nbsp; 15656 |
| Implenia AG (a) | 2401 | &nbsp;&nbsp;&nbsp; 189423 |
| Inficon Holding AG | 3332 | &nbsp;&nbsp;&nbsp; 418792 |
| International Workplace Group PLC | 157324 | &nbsp;&nbsp;&nbsp; 368683 |
| Interroll Holding AG | 132 | &nbsp;&nbsp;&nbsp; 246443 |
| Intershop Holding AG | 1143 | &nbsp;&nbsp;&nbsp; 240855 |
| Investis Holding SA | 421 | &nbsp;&nbsp;&nbsp; 81294 |
| Jungfraubahn Holding AG | 919 | &nbsp;&nbsp;&nbsp; 306770 |
| Kardex Holding AG | 1157 | &nbsp;&nbsp;&nbsp; 346135 |
| Komax Holding AG (a) | 434 | &nbsp;&nbsp;&nbsp; 27755 |
| Kongsberg Automotive ASA (a) | 156504 | &nbsp;&nbsp;&nbsp; 31326 |
| Kudelski SA (a) (d) | 13221 | &nbsp;&nbsp;&nbsp; 21328 |
| Landis & Gyr Group AG | 2000 | &nbsp;&nbsp;&nbsp; 127450 |
| Logitech International SA (d) | 5667 | &nbsp;&nbsp;&nbsp; 516377 |
| Luzerner Kantonalbank AG (d) | 3673 | &nbsp;&nbsp;&nbsp; 487548 |
| Medacta Group SA | 1178 | &nbsp;&nbsp;&nbsp; 220306 |
| Medmix AG | 3519 | &nbsp;&nbsp;&nbsp; 38433 |
| Meier Tobler Group AG (d) | 1121 | &nbsp;&nbsp;&nbsp; 49408 |
| Metall Zug AG - B Shares (d) | 44 | &nbsp;&nbsp;&nbsp; 40337 |
| Mikron Holding AG | 1685 | &nbsp;&nbsp;&nbsp; 35535 |
| Mobilezone Holding AG | 7943 | &nbsp;&nbsp;&nbsp; 153078 |
| Mobimo Holding AG (d) | 1437 | &nbsp;&nbsp;&nbsp; 685665 |
| Naturenergie Holding AG | 3633 | &nbsp;&nbsp;&nbsp; 147299 |
| Novavest Real Estate AG | 468 | &nbsp;&nbsp;&nbsp; 25184 |
| OC Oerlikon Corp. AG Pfaffikon (d) | 33587 | &nbsp;&nbsp;&nbsp; 131865 |
| Orell Fuessli AG | 257 | &nbsp;&nbsp;&nbsp; 44985 |
| Orior AG (a) (d) | 523 | &nbsp;&nbsp;&nbsp; 7250 |
| Phoenix Mecano AG | 125 | &nbsp;&nbsp;&nbsp; 65328 |
| Plazza AG - Class A | 222 | &nbsp;&nbsp;&nbsp; 126161 |
| PSP Swiss Property AG | 8712 | &nbsp;&nbsp;&nbsp; 1733992 |
| Rieter Holding AG | 900 | &nbsp;&nbsp;&nbsp; 3444 |
| Romande Energie Holding SA | 2775 | &nbsp;&nbsp;&nbsp; 171454 |
| Schweiter Technologies AG | 122 | &nbsp;&nbsp;&nbsp; 44249 |
| Schweizerische Nationalbank (d) | 5 | &nbsp;&nbsp;&nbsp; 21107 |
| SFS Group AG | 3472 | &nbsp;&nbsp;&nbsp; 517409 |
| Siegfried Holding AG (d) | 6039 | &nbsp;&nbsp;&nbsp; 572072 |
| SIG Group AG | 32121 | &nbsp;&nbsp;&nbsp; 481991 |
| St. Galler Kantonalbank AG | 561 | &nbsp;&nbsp;&nbsp; 470384 |
| Stadler Rail AG | 3453 | &nbsp;&nbsp;&nbsp; 88123 |
| Sulzer AG | 3595 | &nbsp;&nbsp;&nbsp; 752841 |
| Sunrise Communications AG - Class A | 653 | &nbsp;&nbsp;&nbsp; 38954 |
| Swatch Group AG | 1287 | &nbsp;&nbsp;&nbsp; 56757 |
| Swatch Group AG (Bearer Shares) (d) | 2496 | &nbsp;&nbsp;&nbsp; 554857 |
| Swiss Prime Site AG | 14712 | &nbsp;&nbsp;&nbsp; 2492591 |
| Swissquote Group Holding SA | 2061 | &nbsp;&nbsp;&nbsp; 1016228 |
| Tecan Group AG | 223 | &nbsp;&nbsp;&nbsp; 37895 |
| Temenos AG | 10170 | &nbsp;&nbsp;&nbsp; 877450 |
| TORM PLC - Class A | 1653 | &nbsp;&nbsp;&nbsp; 46381 |
| TX Group AG | 597 | &nbsp;&nbsp;&nbsp; 99404 |
| Valiant Holding AG | 3034 | &nbsp;&nbsp;&nbsp; 677035 |
| VAT Group AG | 979 | &nbsp;&nbsp;&nbsp; 603936 |
| Vaudoise Assurances Holding SA | 171 | &nbsp;&nbsp;&nbsp; 172709 |
| Vetropack Holding AG | 2053 | &nbsp;&nbsp;&nbsp; 58393 |
| Vontobel Holding AG | 5544 | &nbsp;&nbsp;&nbsp; 481069 |
| VZ Holding AG | 2945 | &nbsp;&nbsp;&nbsp; 559425 |

---

**BHFTII-122**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Switzerland — (Continued)** | **Switzerland — (Continued)** | **Switzerland — (Continued)** |
| V-ZUG Holding AG (d) | 605 | &nbsp;&nbsp;&nbsp; $29129 |
| Walliser Kantonalbank | 977 | &nbsp;&nbsp;&nbsp; 189602 |
| Warteck Invest AG | 62 | &nbsp;&nbsp;&nbsp; 160573 |
| Ypsomed Holding AG (d) | 692 | &nbsp;&nbsp;&nbsp; 239833 |
| Zehnder Group AG | 952 | &nbsp;&nbsp;&nbsp; 79004 |
| Zug Estates Holding AG - B Shares | 71 | &nbsp;&nbsp;&nbsp; 215184 |
| Zuger Kantonalbank | 39 | &nbsp;&nbsp;&nbsp; 500480 |
|  |  | &nbsp;&nbsp;&nbsp; 35248681 |
| **Taiwan — 0.0%** | **Taiwan — 0.0%** | **Taiwan — 0.0%** |
| FIT Hon Teng Ltd. (a) | 80000 | &nbsp;&nbsp;&nbsp; 71697 |
| **Tanzania — 0.1%** | **Tanzania — 0.1%** | **Tanzania — 0.1%** |
| Helios Towers PLC (a) | 122357 | &nbsp;&nbsp;&nbsp; 294255 |
| **Turkey — 0.4%** | **Turkey — 0.4%** | **Turkey — 0.4%** |
| Eldorado Gold Corp. (d) | 48516 | &nbsp;&nbsp;&nbsp; 1666026 |
| **United Kingdom — 9.5%** | **United Kingdom — 9.5%** | **United Kingdom — 9.5%** |
| 4imprint Group PLC | 958 | &nbsp;&nbsp;&nbsp; 43306 |
| Aberdeen Group PLC | 151455 | &nbsp;&nbsp;&nbsp; 385519 |
| Advanced Medical Solutions Group PLC | 23347 | &nbsp;&nbsp;&nbsp; 59726 |
| AEP Plantations PLC | 5782 | &nbsp;&nbsp;&nbsp; 130578 |
| AG Barr PLC | 11112 | &nbsp;&nbsp;&nbsp; 95936 |
| AJ Bell PLC | 59750 | &nbsp;&nbsp;&nbsp; 372636 |
| Alfa Financial Software Holdings PLC | 10992 | &nbsp;&nbsp;&nbsp; 21150 |
| Allfunds Group PLC | 2273 | &nbsp;&nbsp;&nbsp; 22745 |
| AO World PLC (a) | 30384 | &nbsp;&nbsp;&nbsp; 34766 |
| Ashmore Group PLC | 90665 | &nbsp;&nbsp;&nbsp; 256601 |
| Ashtead Technology Holdings PLC | 2956 | &nbsp;&nbsp;&nbsp; 16467 |
| ASOS PLC (a) (d) | 1729 | &nbsp;&nbsp;&nbsp; 4930 |
| Autotrader Group PLC | 24200 | &nbsp;&nbsp;&nbsp; 151378 |
| Babcock International Group PLC | 50551 | &nbsp;&nbsp;&nbsp; 778667 |
| Balfour Beatty PLC | 103703 | &nbsp;&nbsp;&nbsp; 1037676 |
| Barratt Redrow PLC | 73006 | &nbsp;&nbsp;&nbsp; 255369 |
| Beazley PLC | 32191 | &nbsp;&nbsp;&nbsp; 540086 |
| Bellway PLC | 22293 | &nbsp;&nbsp;&nbsp; 544359 |
| Berkeley Group Holdings PLC (a) | 4674 | &nbsp;&nbsp;&nbsp; 214250 |
| Bloomsbury Publishing PLC (d) | 12213 | &nbsp;&nbsp;&nbsp; 90713 |
| Bodycote PLC | 36843 | &nbsp;&nbsp;&nbsp; 302073 |
| Braemar PLC (d) | 7120 | &nbsp;&nbsp;&nbsp; 21336 |
| Breedon Group PLC | 29978 | &nbsp;&nbsp;&nbsp; 119148 |
| Brooks Macdonald Group PLC | 486 | &nbsp;&nbsp;&nbsp; 8675 |
| BTG Consulting PLC | 1964 | &nbsp;&nbsp;&nbsp; 3129 |
| Burberry Group PLC (a) | 16342 | &nbsp;&nbsp;&nbsp; 239115 |
| Bytes Technology Group PLC (d) | 32635 | &nbsp;&nbsp;&nbsp; 118970 |
| Capita PLC (a) | 18914 | &nbsp;&nbsp;&nbsp; 67615 |
| Capricorn Energy PLC (a) | 24963 | &nbsp;&nbsp;&nbsp; 100497 |
| Card Factory PLC | 63541 | &nbsp;&nbsp;&nbsp; 52734 |
| Castings PLC | 2870 | &nbsp;&nbsp;&nbsp; 8907 |
| Centaur Media PLC (d) | 92526 | &nbsp;&nbsp;&nbsp; 11871 |
| Central Asia Metals PLC | 24699 | &nbsp;&nbsp;&nbsp; 53402 |
| Chemring Group PLC | 60304 | &nbsp;&nbsp;&nbsp; 408426 |
| Chesnara PLC | 48589 | &nbsp;&nbsp;&nbsp; 193638 |
| Clarkson PLC | 4771 | &nbsp;&nbsp;&nbsp; 292699 |
| Close Brothers Group PLC (a) | 16302 | &nbsp;&nbsp;&nbsp; 86834 |
| CMC Markets PLC | 18502 | &nbsp;&nbsp;&nbsp; 85904 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **United Kingdom — (Continued)** | **United Kingdom — (Continued)** | **United Kingdom — (Continued)** |
| Coats Group PLC | 319324 | &nbsp;&nbsp;&nbsp; $341131 |
| Computacenter PLC | 13605 | &nbsp;&nbsp;&nbsp; 540172 |
| Convatec Group PLC | 56375 | &nbsp;&nbsp;&nbsp; 162107 |
| Costain Group PLC | 37295 | &nbsp;&nbsp;&nbsp; 90657 |
| Cranswick PLC | 10410 | &nbsp;&nbsp;&nbsp; 724220 |
| Crest Nicholson Holdings PLC | 44934 | &nbsp;&nbsp;&nbsp; 59787 |
| Croda International PLC | 1929 | &nbsp;&nbsp;&nbsp; 72080 |
| Currys PLC | 197527 | &nbsp;&nbsp;&nbsp; 328552 |
| CVS Group PLC | 10557 | &nbsp;&nbsp;&nbsp; 157227 |
| DCC PLC | 5373 | &nbsp;&nbsp;&nbsp; 331147 |
| DFS Furniture PLC (a) | 47426 | &nbsp;&nbsp;&nbsp; 76026 |
| DiscoverIE Group PLC | 15588 | &nbsp;&nbsp;&nbsp; 112260 |
| Domino's Pizza Group PLC | 32942 | &nbsp;&nbsp;&nbsp; 75383 |
| dotdigital group PLC | 41626 | &nbsp;&nbsp;&nbsp; 25854 |
| Dr. Martens PLC | 56127 | &nbsp;&nbsp;&nbsp; 47001 |
| Drax Group PLC | 68535 | &nbsp;&nbsp;&nbsp; 809575 |
| Dunelm Group PLC | 26326 | &nbsp;&nbsp;&nbsp; 275207 |
| easyJet PLC | 5538 | &nbsp;&nbsp;&nbsp; 25676 |
| Ecora Royalties PLC | 51447 | &nbsp;&nbsp;&nbsp; 96211 |
| EKF Diagnostics Holdings PLC (a) (d) | 38020 | &nbsp;&nbsp;&nbsp; 12681 |
| Elementis PLC | 125561 | &nbsp;&nbsp;&nbsp; 249767 |
| EnQuest PLC | 253390 | &nbsp;&nbsp;&nbsp; 68231 |
| Essentra PLC | 25778 | &nbsp;&nbsp;&nbsp; 31174 |
| FDM Group Holdings PLC | 9458 | &nbsp;&nbsp;&nbsp; 12621 |
| Fevara PLC (d) | 7612 | &nbsp;&nbsp;&nbsp; 12526 |
| Firstgroup PLC | 115844 | &nbsp;&nbsp;&nbsp; 254438 |
| Flowtech Fluidpower PLC (a) | 6703 | &nbsp;&nbsp;&nbsp; 3760 |
| Foresight Group Holdings Ltd.  | 2157 | &nbsp;&nbsp;&nbsp; 10162 |
| Forterra PLC | 49551 | &nbsp;&nbsp;&nbsp; 102677 |
| Foxtons Group PLC | 60087 | &nbsp;&nbsp;&nbsp; 34428 |
| Frasers Group PLC (a) (d) | 17279 | &nbsp;&nbsp;&nbsp; 145416 |
| Frontier Developments PLC (a) | 3312 | &nbsp;&nbsp;&nbsp; 15377 |
| Fuller Smith & Turner PLC - Class A | 6502 | &nbsp;&nbsp;&nbsp; 56310 |
| Funding Circle Holdings PLC (a) | 10326 | &nbsp;&nbsp;&nbsp; 17606 |
| Future PLC | 356 | &nbsp;&nbsp;&nbsp; 1398 |
| Galliford Try Holdings PLC | 22126 | &nbsp;&nbsp;&nbsp; 140707 |
| Games Workshop Group PLC | 3418 | &nbsp;&nbsp;&nbsp; 805698 |
| Gamma Communications PLC | 9322 | &nbsp;&nbsp;&nbsp; 87601 |
| GB Group PLC | 21927 | &nbsp;&nbsp;&nbsp; 58372 |
| Genuit Group PLC | 47772 | &nbsp;&nbsp;&nbsp; 181828 |
| Gooch & Housego PLC | 2212 | &nbsp;&nbsp;&nbsp; 22080 |
| Goodwin PLC | 121 | &nbsp;&nbsp;&nbsp; 18273 |
| Grafton Group PLC | 33401 | &nbsp;&nbsp;&nbsp; 400560 |
| Grainger PLC (REIT) | 182433 | &nbsp;&nbsp;&nbsp; 392723 |
| Greggs PLC | 10585 | &nbsp;&nbsp;&nbsp; 214863 |
| Gym Group PLC (a) | 36058 | &nbsp;&nbsp;&nbsp; 83703 |
| Halfords Group PLC | 48494 | &nbsp;&nbsp;&nbsp; 83239 |
| Harbour Energy PLC | 21073 | &nbsp;&nbsp;&nbsp; 83361 |
| Harworth Group PLC | 10757 | &nbsp;&nbsp;&nbsp; 20907 |
| Hays PLC | 90416 | &nbsp;&nbsp;&nbsp; 39762 |
| Headlam Group PLC (a) | 29149 | &nbsp;&nbsp;&nbsp; 14466 |
| Henry Boot PLC | 14477 | &nbsp;&nbsp;&nbsp; 34898 |
| Hikma Pharmaceuticals PLC | 17728 | &nbsp;&nbsp;&nbsp; 297148 |
| Hill & Smith PLC | 17388 | &nbsp;&nbsp;&nbsp; 487698 |
| Hilton Food Group PLC | 4720 | &nbsp;&nbsp;&nbsp; 32154 |
| Hiscox Ltd.  | 63107 | &nbsp;&nbsp;&nbsp; 1271829 |

---

**BHFTII-123**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **United Kingdom — (Continued)** | **United Kingdom — (Continued)** | **United Kingdom — (Continued)** |
| Hollywood Bowl Group PLC | 35798 | &nbsp;&nbsp;&nbsp; $112223 |
| Howden Joinery Group PLC | 25359 | &nbsp;&nbsp;&nbsp; 269393 |
| Hunting PLC | 25862 | &nbsp;&nbsp;&nbsp; 170534 |
| Ibstock PLC | 65379 | &nbsp;&nbsp;&nbsp; 87742 |
| ICG PLC | 7806 | &nbsp;&nbsp;&nbsp; 158782 |
| IG Group Holdings PLC | 57306 | &nbsp;&nbsp;&nbsp; 1080885 |
| IMI PLC | 13584 | &nbsp;&nbsp;&nbsp; 463111 |
| Impax Asset Management Group PLC | 14750 | &nbsp;&nbsp;&nbsp; 24169 |
| Inchcape PLC | 69280 | &nbsp;&nbsp;&nbsp; 685265 |
| International Personal Finance PLC | 60577 | &nbsp;&nbsp;&nbsp; 197408 |
| iomart Group PLC (a) (d) | 16833 | &nbsp;&nbsp;&nbsp; 2648 |
| IP Group PLC (a) | 171195 | &nbsp;&nbsp;&nbsp; 120814 |
| ITV PLC | 636123 | &nbsp;&nbsp;&nbsp; 633699 |
| J D Wetherspoon PLC (d) | 15164 | &nbsp;&nbsp;&nbsp; 111647 |
| James Fisher & Sons PLC (a) | 9972 | &nbsp;&nbsp;&nbsp; 59983 |
| James Halstead PLC (d) | 59490 | &nbsp;&nbsp;&nbsp; 95353 |
| JET2 PLC | 34034 | &nbsp;&nbsp;&nbsp; 505307 |
| Johnson Matthey PLC | 18884 | &nbsp;&nbsp;&nbsp; 480261 |
| Johnson Service Group PLC | 61047 | &nbsp;&nbsp;&nbsp; 103194 |
| Jupiter Fund Management PLC | 116490 | &nbsp;&nbsp;&nbsp; 259740 |
| Just Group PLC | 206376 | &nbsp;&nbsp;&nbsp; 598455 |
| Kainos Group PLC | 6815 | &nbsp;&nbsp;&nbsp; 65796 |
| Keller Group PLC | 14650 | &nbsp;&nbsp;&nbsp; 373717 |
| Kier Group PLC | 91369 | &nbsp;&nbsp;&nbsp; 232604 |
| Kingfisher PLC | 102271 | &nbsp;&nbsp;&nbsp; 388350 |
| Lancashire Holdings Ltd.  | 47096 | &nbsp;&nbsp;&nbsp; 367510 |
| Liontrust Asset Management PLC | 7615 | &nbsp;&nbsp;&nbsp; 24585 |
| LSL Property Services PLC | 14072 | &nbsp;&nbsp;&nbsp; 41857 |
| Luceco PLC | 24615 | &nbsp;&nbsp;&nbsp; 56834 |
| M&C Saatchi PLC | 3677 | &nbsp;&nbsp;&nbsp; 5489 |
| Man Group PLC | 227764 | &nbsp;&nbsp;&nbsp; 769563 |
| Marshalls PLC | 16086 | &nbsp;&nbsp;&nbsp; 29885 |
| Marston's PLC (a) | 127591 | &nbsp;&nbsp;&nbsp; 88861 |
| McBride PLC | 36049 | &nbsp;&nbsp;&nbsp; 65515 |
| Me Group International PLC | 35714 | &nbsp;&nbsp;&nbsp; 63653 |
| Mears Group PLC | 18339 | &nbsp;&nbsp;&nbsp; 79826 |
| Metro Bank Holdings PLC (a) | 2816 | &nbsp;&nbsp;&nbsp; 4430 |
| Mitchells & Butlers PLC (a) | 56605 | &nbsp;&nbsp;&nbsp; 190519 |
| Mitie Group PLC | 260919 | &nbsp;&nbsp;&nbsp; 593099 |
| MJ Gleeson PLC | 8913 | &nbsp;&nbsp;&nbsp; 31797 |
| MONY Group PLC | 111023 | &nbsp;&nbsp;&nbsp; 222455 |
| Moonpig Group PLC | 56222 | &nbsp;&nbsp;&nbsp; 154672 |
| Morgan Advanced Materials PLC | 48369 | &nbsp;&nbsp;&nbsp; 130586 |
| Morgan Sindall Group PLC | 9493 | &nbsp;&nbsp;&nbsp; 521467 |
| Mortgage Advice Bureau Holdings Ltd.  | 6665 | &nbsp;&nbsp;&nbsp; 49464 |
| MP Evans Group PLC | 2300 | &nbsp;&nbsp;&nbsp; 45484 |
| Naked Wines PLC (a) | 1427 | &nbsp;&nbsp;&nbsp; 1399 |
| NCC Group PLC | 54748 | &nbsp;&nbsp;&nbsp; 84187 |
| Next 15 Group PLC | 11449 | &nbsp;&nbsp;&nbsp; 34065 |
| Nichols PLC (d) | 950 | &nbsp;&nbsp;&nbsp; 11896 |
| Ninety One PLC | 62301 | &nbsp;&nbsp;&nbsp; 189452 |
| Norcros PLC | 11343 | &nbsp;&nbsp;&nbsp; 42202 |
| Ocado Group PLC (a) | 9493 | &nbsp;&nbsp;&nbsp; 22843 |
| Odfjell Technology Ltd.  | 4274 | &nbsp;&nbsp;&nbsp; 32561 |
| On the Beach Group PLC | 32313 | &nbsp;&nbsp;&nbsp; 67551 |
| OSB Group PLC | 71115 | &nbsp;&nbsp;&nbsp; 492646 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **United Kingdom — (Continued)** | **United Kingdom — (Continued)** | **United Kingdom — (Continued)** |
| Pagegroup PLC | 35705 | &nbsp;&nbsp;&nbsp; $65738 |
| Paragon Banking Group PLC | 36758 | &nbsp;&nbsp;&nbsp; 352397 |
| PayPoint PLC (d) | 8803 | &nbsp;&nbsp;&nbsp; 64848 |
| Pennon Group PLC | 95451 | &nbsp;&nbsp;&nbsp; 672790 |
| Persimmon PLC | 40560 | &nbsp;&nbsp;&nbsp; 580276 |
| Pets at Home Group PLC | 93809 | &nbsp;&nbsp;&nbsp; 226248 |
| Pharos Energy PLC | 50968 | &nbsp;&nbsp;&nbsp; 18417 |
| Phoenix Spree Deutschland Ltd. (a) | 665 | &nbsp;&nbsp;&nbsp; 1449 |
| Pinewood Technologies Group PLC (a) | 17259 | &nbsp;&nbsp;&nbsp; 48395 |
| Playtech PLC | 55938 | &nbsp;&nbsp;&nbsp; 248203 |
| Polar Capital Holdings PLC | 16568 | &nbsp;&nbsp;&nbsp; 134920 |
| Porvair PLC | 1376 | &nbsp;&nbsp;&nbsp; 13000 |
| PPHE Hotel Group Ltd.  | 497 | &nbsp;&nbsp;&nbsp; 10630 |
| Premier Foods PLC | 130541 | &nbsp;&nbsp;&nbsp; 321200 |
| PZ Cussons PLC | 52332 | &nbsp;&nbsp;&nbsp; 55731 |
| QinetiQ Group PLC | 97053 | &nbsp;&nbsp;&nbsp; 586950 |
| Quilter PLC | 277785 | &nbsp;&nbsp;&nbsp; 647505 |
| Rank Group PLC | 40283 | &nbsp;&nbsp;&nbsp; 48289 |
| Rathbones Group PLC | 10507 | &nbsp;&nbsp;&nbsp; 279133 |
| Reach PLC | 40142 | &nbsp;&nbsp;&nbsp; 32132 |
| Record PLC | 12453 | &nbsp;&nbsp;&nbsp; 8478 |
| Renew Holdings PLC | 9893 | &nbsp;&nbsp;&nbsp; 112242 |
| Rightmove PLC | 35130 | &nbsp;&nbsp;&nbsp; 200108 |
| Robert Walters PLC | 13056 | &nbsp;&nbsp;&nbsp; 14546 |
| Rotork PLC | 155991 | &nbsp;&nbsp;&nbsp; 648113 |
| RS Group PLC | 58984 | &nbsp;&nbsp;&nbsp; 440445 |
| S&U PLC | 1188 | &nbsp;&nbsp;&nbsp; 30208 |
| Sabre Insurance Group PLC | 49439 | &nbsp;&nbsp;&nbsp; 102967 |
| Saga PLC (a) | 8514 | &nbsp;&nbsp;&nbsp; 53156 |
| Savills PLC | 26178 | &nbsp;&nbsp;&nbsp; 287500 |
| Senior PLC | 90296 | &nbsp;&nbsp;&nbsp; 346092 |
| Serco Group PLC | 261320 | &nbsp;&nbsp;&nbsp; 990131 |
| Serica Energy PLC | 47039 | &nbsp;&nbsp;&nbsp; 180098 |
| Severfield PLC (a) | 74894 | &nbsp;&nbsp;&nbsp; 24726 |
| SIG PLC (a) | 255262 | &nbsp;&nbsp;&nbsp; 28677 |
| SigmaRoc PLC (a) | 61341 | &nbsp;&nbsp;&nbsp; 95855 |
| Smiths News PLC | 20535 | &nbsp;&nbsp;&nbsp; 17454 |
| Softcat PLC | 28733 | &nbsp;&nbsp;&nbsp; 465315 |
| Speedy Hire PLC | 125764 | &nbsp;&nbsp;&nbsp; 37624 |
| Spirax Group PLC | 2839 | &nbsp;&nbsp;&nbsp; 254085 |
| Spire Healthcare Group PLC | 44606 | &nbsp;&nbsp;&nbsp; 86798 |
| SSP Group PLC | 175333 | &nbsp;&nbsp;&nbsp; 410206 |
| SThree PLC | 14651 | &nbsp;&nbsp;&nbsp; 29021 |
| STV Group PLC | 7194 | &nbsp;&nbsp;&nbsp; 9691 |
| Synthomer PLC (a) (d) | 30557 | &nbsp;&nbsp;&nbsp; 16341 |
| Tate & Lyle PLC | 31813 | &nbsp;&nbsp;&nbsp; 152543 |
| Taylor Wimpey PLC | 183709 | &nbsp;&nbsp;&nbsp; 217192 |
| Telecom Plus PLC | 16220 | &nbsp;&nbsp;&nbsp; 277783 |
| Topps Tiles PLC | 41758 | &nbsp;&nbsp;&nbsp; 19159 |
| TP ICAP Group PLC | 142988 | &nbsp;&nbsp;&nbsp; 517110 |
| Trainline PLC (a) | 7479 | &nbsp;&nbsp;&nbsp; 22486 |
| Travis Perkins PLC | 42194 | &nbsp;&nbsp;&nbsp; 317526 |
| Trifast PLC | 20432 | &nbsp;&nbsp;&nbsp; 18356 |
| TT Electronics PLC (a) | 35042 | &nbsp;&nbsp;&nbsp; 54853 |
| Vanquis Banking Group PLC (a) | 52029 | &nbsp;&nbsp;&nbsp; 78554 |
| Vertu Motors PLC | 46012 | &nbsp;&nbsp;&nbsp; 35221 |

---

**BHFTII-124**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **United Kingdom — (Continued)** | **United Kingdom — (Continued)** | **United Kingdom — (Continued)** |
| Vesuvius PLC | 36916 | &nbsp;&nbsp;&nbsp; $195264 |
| Victorian Plumbing Group PLC | 8019 | &nbsp;&nbsp;&nbsp; 6924 |
| Victrex PLC | 10829 | &nbsp;&nbsp;&nbsp; 81956 |
| Vistry Group PLC (a) | 21043 | &nbsp;&nbsp;&nbsp; 93796 |
| Volex PLC | 24230 | &nbsp;&nbsp;&nbsp; 147331 |
| Volution Group PLC | 34155 | &nbsp;&nbsp;&nbsp; 259812 |
| Vp PLC (d) | 4147 | &nbsp;&nbsp;&nbsp; 25082 |
| Watches of Switzerland Group PLC (a) | 47460 | &nbsp;&nbsp;&nbsp; 281534 |
| WH Smith PLC | 8920 | &nbsp;&nbsp;&nbsp; 68458 |
| Whitbread PLC | 12204 | &nbsp;&nbsp;&nbsp; 370936 |
| Wickes Group PLC | 51574 | &nbsp;&nbsp;&nbsp; 143259 |
| Xaar PLC (a) | 18088 | &nbsp;&nbsp;&nbsp; 27476 |
| XPS Pensions Group PLC | 15758 | &nbsp;&nbsp;&nbsp; 61613 |
| Young & Co.'s Brewery PLC | 3097 | &nbsp;&nbsp;&nbsp; 26225 |
| Young & Co.'s Brewery PLC - Class A | 4640 | &nbsp;&nbsp;&nbsp; 46357 |
| Zigup PLC | 43557 | &nbsp;&nbsp;&nbsp; 223050 |
| Zotefoams PLC | 7268 | &nbsp;&nbsp;&nbsp; 32855 |
|  |  | &nbsp;&nbsp;&nbsp; 42280818 |
| **United States — 1.5%** | **United States — 1.5%** | **United States — 1.5%** |
| Acerinox SA (d) | 31751 | &nbsp;&nbsp;&nbsp; 449328 |
| Aegon Ltd. (NY Registry Shares) | 63702 | &nbsp;&nbsp;&nbsp; 462477 |
| BRP, Inc.  | 519 | &nbsp;&nbsp;&nbsp; 37269 |
| Burford Capital Ltd. (d) | 31314 | &nbsp;&nbsp;&nbsp; 130010 |
| Buzzi SpA | 11153 | &nbsp;&nbsp;&nbsp; 562577 |
| Coeur Mining, Inc. (a) | 85417 | &nbsp;&nbsp;&nbsp; 1597079 |
| Diversified Energy Co. (d) | 9570 | &nbsp;&nbsp;&nbsp; 174375 |
| Frontage Holdings Corp. (a) | 58000 | &nbsp;&nbsp;&nbsp; 8274 |
| Ormat Technologies, Inc.  | 1 | &nbsp;&nbsp;&nbsp; 63 |
| Ovintiv, Inc.  | 1059 | &nbsp;&nbsp;&nbsp; 62873 |
| PureTech Health PLC (a) | 24125 | &nbsp;&nbsp;&nbsp; 34650 |
| Qiagen NV | 18100 | &nbsp;&nbsp;&nbsp; 724789 |
| Reliance Worldwide Corp. Ltd.  | 116979 | &nbsp;&nbsp;&nbsp; 249724 |
| RHI Magnesita NV | 1193 | &nbsp;&nbsp;&nbsp; 37883 |
| Samsonite Group SA | 210300 | &nbsp;&nbsp;&nbsp; 396600 |
| Signify NV | 26141 | &nbsp;&nbsp;&nbsp; 546642 |
| Sims Ltd.  | 36347 | &nbsp;&nbsp;&nbsp; 455293 |
| SunocoCorp LLC | 6753 | &nbsp;&nbsp;&nbsp; 416322 |
| TAT Technologies Ltd. (a) | 533 | &nbsp;&nbsp;&nbsp; 21270 |
| Varia U.S. Properties AG | 1203 | &nbsp;&nbsp;&nbsp; 26439 |
| Viemed Healthcare, Inc. (a) | 5284 | &nbsp;&nbsp;&nbsp; 48666 |
|  |  | &nbsp;&nbsp;&nbsp; 6442603 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $341,218,539) <br>|  | &nbsp;&nbsp;&nbsp; 436593041 |
| **Preferred Stocks—0.4%** | **Preferred Stocks—0.4%** | **Preferred Stocks—0.4%** |
| **Canada — 0.0%** | **Canada — 0.0%** | **Canada — 0.0%** |
| Questerre Energy Corp. (a) | 83569 | &nbsp;&nbsp;&nbsp; 600 |
| **Germany — 0.4%** | **Germany — 0.4%** | **Germany — 0.4%** |
| Draegerwerk AG & Co. KGaA (d) | 2110 | &nbsp;&nbsp;&nbsp; 223499 |
| Einhell Germany AG | 246 | &nbsp;&nbsp;&nbsp; 18742 |
| FUCHS SE (d) | 15647 | &nbsp;&nbsp;&nbsp; 654270 |
| Jungheinrich AG | 11157 | &nbsp;&nbsp;&nbsp; 334472 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Germany — (continued)** | **Germany — (continued)** | **Germany — (continued)** |
| Porsche Automobil Holding SE | 6739 | &nbsp;&nbsp;&nbsp; $242406 |
| Sixt SE (d) | 3818 | &nbsp;&nbsp;&nbsp; 239362 |
| STO SE & Co. KGaA | 504 | &nbsp;&nbsp;&nbsp; 63348 |
| Villeroy & Boch AG | 505 | &nbsp;&nbsp;&nbsp; 9985 |
|  |  | &nbsp;&nbsp;&nbsp; 1786084 |
| **Italy — 0.0%** | **Italy — 0.0%** | **Italy — 0.0%** |
| Danieli & C Officine Meccaniche SpA (Savings Shares) | 4725 | &nbsp;&nbsp;&nbsp; 235432 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Preferred Stocks <br>(Cost $1,759,723) <br>|  | &nbsp;&nbsp;&nbsp; 2022116 |
| **Rights—0.0%** | **Rights—0.0%** | **Rights—0.0%** |
| **Australia — 0.0%** | **Australia — 0.0%** | **Australia — 0.0%** |
| Syrah Resources Ltd., Expires 04/17/26 (a) | 196210 | &nbsp;&nbsp;&nbsp; 0 |
| **Austria — 0.0%** | **Austria — 0.0%** | **Austria — 0.0%** |
| Intercell AG (a) (b) (c) | 24163 | &nbsp;&nbsp;&nbsp; 0 |
| **United Kingdom — 0.0%** | **United Kingdom — 0.0%** | **United Kingdom — 0.0%** |
| Greencore Group PLC (a) | 37729 | &nbsp;&nbsp;&nbsp; 999 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Rights <br>(Cost $1,064) <br>|  | &nbsp;&nbsp;&nbsp; 999 |
| **Warrants—0.0%** | **Warrants—0.0%** | **Warrants—0.0%** |
| **Australia — 0.0%** | **Australia — 0.0%** | **Australia — 0.0%** |
| Galan Lithium Ltd., Expires 07/18/26 (a) | 2469 | &nbsp;&nbsp;&nbsp; 26 |
| Silver Mines Ltd., Expires 06/17/26 (a) | 4037 | &nbsp;&nbsp;&nbsp; 154 |
|  |  | &nbsp;&nbsp;&nbsp; 180 |
| **Italy — 0.0%** | **Italy — 0.0%** | **Italy — 0.0%** |
| Webuild SpA, Expires 08/02/30 (a) (d) | 6346 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Warrants <br>(Cost $0) <br>|  | &nbsp;&nbsp;&nbsp; 180 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—0.6%** | **Short-Term Investments—0.6%** | **Short-Term Investments—0.6%** |
| **Repurchase Agreement — 0.6%** | **Repurchase Agreement — 0.6%** | **Repurchase Agreement — 0.6%** |
| Fixed Income Clearing Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 2.500%, due on <br> 04/01/26 with a maturity value of $2,407,463; collateralized <br> by U.S. Treasury Note at 4.375%, maturing 07/15/27, with a <br> market value of $2,455,562<br>| 2407296 | &nbsp;&nbsp;&nbsp; 2407296 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $2,407,296) <br>|  | &nbsp;&nbsp;&nbsp; 2407296 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (e)—8.4%** | **Securities Lending Reinvestments (e)—8.4%** | **Securities Lending Reinvestments (e)—8.4%** |
| **Short-Term Investment Funds — 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds FedFund, <br>Institutional Shares, 3.550% (f)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class, 3.540% (f)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |

---

**BHFTII-125**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Securities Lending Reinvestments (e)—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Short-Term Investment Funds — (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Government Portfolio, <br>Class I, 3.530% (f)<br>| 1000000 | &nbsp;&nbsp;&nbsp; $1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br>Institutional Shares, 3.530% (f)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco STIT-Government & Agency Portfolio, <br>Institutional Class, 3.580% (f)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares, 3.580% (f)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Asset Institutional Government Reserves Fund, <br>Institutional Class, 3.560% (f)<br>| 2329583 | &nbsp;&nbsp;&nbsp; 2329583 |
|  |  | &nbsp;&nbsp;&nbsp; 12329583 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Time Deposits — 0.6%** | **Time Deposits — 0.6%** | **Time Deposits — 0.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Credit Agricole CIB <br>3.630%, 04/01/26<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; DZ Bank AG <br>3.610%, 04/01/26<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Svenska NY <br>3.610%, 04/01/26<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
|  |  | &nbsp;&nbsp;&nbsp; 3000000 |
| **Repurchase Agreements — 5.0%** | **Repurchase Agreements — 5.0%** | **Repurchase Agreements — 5.0%** |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $6,000,608; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.000% - <br> 5.000%, maturity dates ranging from 06/30/26 - 02/15/54, <br> and an aggregate market value of $6,120,000<br>| 6000000 | &nbsp;&nbsp;&nbsp; 6000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.700%, due on <br> 04/01/26 with a maturity value of $1,000,103; collateralized <br> by various Common Stock with an aggregate market value of <br> $1,112,281<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.770%, due on <br> 04/01/26 with a maturity value of $4,000,419; collateralized <br> by various Common Stock with an aggregate market value of <br> $4,449,124<br>| 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| Citigroup Global Markets, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.690%, due on <br> 04/01/26 with a maturity value of $4,000,410; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.125% - <br> 6.125%, maturity dates ranging from 06/15/27 - 02/15/32, <br> and various Common Stock with an aggregate market value of <br> $4,080,053<br>| 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.800%, due on <br> 04/07/26 with a maturity value of $2,001,478; collateralized <br> by U.S. Treasury Obligations with rates ranging from 3.750% - <br> 4.250%, maturity dates ranging from 05/15/28 - 08/15/35, <br> and various Common Stock with an aggregate market value of <br> $2,136,223<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $3,000,315; collateralized <br> by various Common Stock with an aggregate market value of <br> $3,343,886<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Repurchase Agreements — (Continued)** | **Repurchase Agreements — (Continued)** | **Repurchase Agreements — (Continued)** |
| NatWest Markets Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $2,096,242; collateralized <br> by U.S. Treasury Obligations with rates ranging from 1.125% - <br> 4.875%, maturity dates ranging from 09/15/26 - 08/15/35, <br> and an aggregate market value of $2,138,167<br>| 2096030 | &nbsp;&nbsp;&nbsp; $2096030 |
|  |  | &nbsp;&nbsp;&nbsp; 22096030 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $37,425,613) <br>|  | &nbsp;&nbsp;&nbsp; 37425613 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—107.8% <br>(Cost $382,812,235) <br>|  | &nbsp;&nbsp;&nbsp; 478449245 |
| Other assets and liabilities (net)—(7.8)%  |  | &nbsp;&nbsp;&nbsp; (34667033)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $443782212 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* 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 March 31, 2026, these securities represent 0.2% of net assets. 

(c) Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3.

(d) All or a portion of the security was held on loan. As of March 31, 2026, the market value of securities loaned was $91,640,130 and the collateral received consisted of cash in the amount of $37,425,613 and non-cash collateral with a value of $60,084,731. 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 March 31, 2026.

(f) The rate shown represents the annualized seven-day yield as of March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Ten Largest Industries as of** <br>**March 31, 2026 (Unaudited)**<br>| **% of** <br>**Net Assets**<br>|
| Metals & Mining | 8.5 |
| Machinery | 6.3 |
| Banks | 5.1 |
| Real Estate Management & Development | 4.4 |
| Oil, Gas & Consumable Fuels | 4.3 |
| Chemicals | 4.3 |
| Capital Markets | 4.3 |
| Construction & Engineering | 4.1 |
| Food Products | 3.5 |
| Trading Companies & Distributors | 3.0 |

---

**BHFTII-126**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Australia | &nbsp;&nbsp;&nbsp; $1966559 | &nbsp;&nbsp;&nbsp; $22482224 | &nbsp;&nbsp;&nbsp; $692455 | &nbsp;&nbsp;&nbsp; $25141238 |
| &nbsp;&nbsp;&nbsp;&nbsp; Austria | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7605017 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 7605017 |
| &nbsp;&nbsp;&nbsp;&nbsp; Belgium | &nbsp;&nbsp;&nbsp; 1939 | &nbsp;&nbsp;&nbsp; 6541142 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 6543081 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bermuda | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 27297 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 27297 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazil | &nbsp;&nbsp;&nbsp; 78638 | &nbsp;&nbsp;&nbsp; 325907 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 404545 |
| &nbsp;&nbsp;&nbsp;&nbsp; Burkina Faso | &nbsp;&nbsp;&nbsp; 855038 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 855038 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cambodia | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 88682 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 88682 |
| &nbsp;&nbsp;&nbsp;&nbsp; Canada | &nbsp;&nbsp;&nbsp; 55407162 | &nbsp;&nbsp;&nbsp; 235439 | &nbsp;&nbsp;&nbsp; 1668 | &nbsp;&nbsp;&nbsp; 55644269 |
| &nbsp;&nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp; 1223307 | &nbsp;&nbsp;&nbsp; 601302 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1824609 |
| &nbsp;&nbsp;&nbsp;&nbsp; Colombia | &nbsp;&nbsp;&nbsp; 80227 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 80227 |
| &nbsp;&nbsp;&nbsp;&nbsp; Denmark | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11950536 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11950536 |
| &nbsp;&nbsp;&nbsp;&nbsp; Faeroe Islands | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 41834 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 41834 |
| &nbsp;&nbsp;&nbsp;&nbsp; Finland | &nbsp;&nbsp;&nbsp; 1545 | &nbsp;&nbsp;&nbsp; 11000677 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11002222 |
| &nbsp;&nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp;&nbsp; 32899 | &nbsp;&nbsp;&nbsp; 24235934 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 24268833 |
| &nbsp;&nbsp;&nbsp;&nbsp; Georgia | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1953362 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1953362 |
| &nbsp;&nbsp;&nbsp;&nbsp; Germany | &nbsp;&nbsp;&nbsp; 68551 | &nbsp;&nbsp;&nbsp; 25716955 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25785506 |
| &nbsp;&nbsp;&nbsp;&nbsp; Greece | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 101920 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 101920 |
| &nbsp;&nbsp;&nbsp;&nbsp; Greenland | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19608 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19608 |
| &nbsp;&nbsp;&nbsp;&nbsp; Guernsey, Channel Islands | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp;&nbsp; 256725 | &nbsp;&nbsp;&nbsp; 8328981 | &nbsp;&nbsp;&nbsp; 10643 | &nbsp;&nbsp;&nbsp; 8596349 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indonesia | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 887667 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 887667 |
| &nbsp;&nbsp;&nbsp;&nbsp; Iraq | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 128614 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 128614 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ireland | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2094940 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2094940 |
| &nbsp;&nbsp;&nbsp;&nbsp; Isle of Man | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7353 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7353 |
| &nbsp;&nbsp;&nbsp;&nbsp; Israel | &nbsp;&nbsp;&nbsp; 80403 | &nbsp;&nbsp;&nbsp; 4972322 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5052725 |
| &nbsp;&nbsp;&nbsp;&nbsp; Italy | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15192623 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 15192623 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japan | &nbsp;&nbsp;&nbsp; 9641 | &nbsp;&nbsp;&nbsp; 101980241 | &nbsp;&nbsp;&nbsp; 328501 | &nbsp;&nbsp;&nbsp; 102318383 |
| &nbsp;&nbsp;&nbsp;&nbsp; Liechtenstein | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 340883 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 340883 |
| &nbsp;&nbsp;&nbsp;&nbsp; Luxembourg | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1445739 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1445739 |
| &nbsp;&nbsp;&nbsp;&nbsp; Macau | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 151748 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 151748 |
| &nbsp;&nbsp;&nbsp;&nbsp; Malaysia | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 93452 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 93452 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mongolia | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 84115 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 84115 |
| &nbsp;&nbsp;&nbsp;&nbsp; Netherlands | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7881919 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7881919 |
| &nbsp;&nbsp;&nbsp;&nbsp; New Zealand | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1470686 | &nbsp;&nbsp;&nbsp; 11988 | &nbsp;&nbsp;&nbsp; 1482674 |
| &nbsp;&nbsp;&nbsp;&nbsp; Norway | &nbsp;&nbsp;&nbsp; 28165 | &nbsp;&nbsp;&nbsp; 2560870 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2589035 |
| &nbsp;&nbsp;&nbsp;&nbsp; Peru | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 710914 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 710914 |
| &nbsp;&nbsp;&nbsp;&nbsp; Philippines | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5051 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5051 |
| &nbsp;&nbsp;&nbsp;&nbsp; Poland | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 91270 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 91270 |
| &nbsp;&nbsp;&nbsp;&nbsp; Portugal | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1015215 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1015215 |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore | &nbsp;&nbsp;&nbsp; 38158 | &nbsp;&nbsp;&nbsp; 5897662 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 5935820 |
| &nbsp;&nbsp;&nbsp;&nbsp; South Africa | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 841400 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 841400 |
| &nbsp;&nbsp;&nbsp;&nbsp; South Korea | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 79984 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 79984 |
| &nbsp;&nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9533572 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 9533572 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sweden | &nbsp;&nbsp;&nbsp; 9290 | &nbsp;&nbsp;&nbsp; 10680402 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10689692 |
| &nbsp;&nbsp;&nbsp;&nbsp; Switzerland | &nbsp;&nbsp;&nbsp; 516377 | &nbsp;&nbsp;&nbsp; 34732304 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 35248681 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taiwan | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 71697 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 71697 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tanzania | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 294255 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 294255 |
| &nbsp;&nbsp;&nbsp;&nbsp; Turkey | &nbsp;&nbsp;&nbsp; 1666026 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1666026 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 42280818 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 42280818 |
| &nbsp;&nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp; 3201702 | &nbsp;&nbsp;&nbsp; 3240901 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6442603 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 65522352 | &nbsp;&nbsp;&nbsp; 370025434 | &nbsp;&nbsp;&nbsp; 1045255 | &nbsp;&nbsp;&nbsp; 436593041 |
| Total Preferred Stocks\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2022116 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2022116 |

---

**BHFTII-127**

------

**Brighthouse Funds Trust II**

**Brighthouse/Dimensional International Small Company Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Fair Value Hierarchy — (Continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Rights |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Australia | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Austria | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 999 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 999 |
| Total Rights | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 999 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 999 |
| Warrants |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Australia | &nbsp;&nbsp;&nbsp; 180 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 180 |
| &nbsp;&nbsp;&nbsp;&nbsp; Italy | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 |
| Total Warrants | &nbsp;&nbsp;&nbsp; 180 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 180 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2407296 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2407296 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 12329583 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12329583 |
| &nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22096030 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22096030 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 12329583 | &nbsp;&nbsp;&nbsp; 25096030 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 37425613 |
| Total Investments | &nbsp;&nbsp;&nbsp; $77852115 | &nbsp;&nbsp;&nbsp; $399551875 | &nbsp;&nbsp;&nbsp; $1045255 | &nbsp;&nbsp;&nbsp; $478449245 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(37425613)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(37425613)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended March 31, 2026 is not presented.

During the period ended March 31, 2026, transfers into Level 3 in the amount of $404,203 were due to trading halts on the securities' respective exchanges which resulted in the lack of observable inputs.

**BHFTII-128**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Balanced Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—58.9% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Aerospace & Defense — 0.9%** | **Aerospace & Defense — 0.9%** | **Aerospace & Defense — 0.9%** |
| Axon Enterprise, Inc. (a) | 1514 | &nbsp;&nbsp;&nbsp; $642981 |
| Boeing Co. (a) | 12747 | &nbsp;&nbsp;&nbsp; 2537035 |
| Loar Holdings, Inc. (a) (b) | 31813 | &nbsp;&nbsp;&nbsp; 1822567 |
| Northrop Grumman Corp.  | 5225 | &nbsp;&nbsp;&nbsp; 3564704 |
| StandardAero, Inc. (a) | 47851 | &nbsp;&nbsp;&nbsp; 1235991 |
| York Space Systems, Inc. (a) (b) | 7994 | &nbsp;&nbsp;&nbsp; 177227 |
|  |  | &nbsp;&nbsp;&nbsp; 9980505 |
| **Air Freight & Logistics — 0.0%** | **Air Freight & Logistics — 0.0%** | **Air Freight & Logistics — 0.0%** |
| Hub Group, Inc. - Class A | 15290 | &nbsp;&nbsp;&nbsp; 551052 |
| **Automobile Components — 0.1%** | **Automobile Components — 0.1%** | **Automobile Components — 0.1%** |
| Goodyear Tire & Rubber Co. (a) | 83560 | &nbsp;&nbsp;&nbsp; 554003 |
| **Automobiles — 1.0%** | **Automobiles — 1.0%** | **Automobiles — 1.0%** |
| Tesla, Inc. (a) | 30650 | &nbsp;&nbsp;&nbsp; 11394137 |
| **Banks — 1.5%** | **Banks — 1.5%** | **Banks — 1.5%** |
| Fifth Third Bancorp (b) | 53250 | &nbsp;&nbsp;&nbsp; 2473995 |
| KeyCorp | 119706 | &nbsp;&nbsp;&nbsp; 2400105 |
| Wells Fargo & Co.  | 151260 | &nbsp;&nbsp;&nbsp; 12041809 |
|  |  | &nbsp;&nbsp;&nbsp; 16915909 |
| **Beverages — 0.7%** | **Beverages — 0.7%** | **Beverages — 0.7%** |
| Celsius Holdings, Inc. (a) (b) | 8077 | &nbsp;&nbsp;&nbsp; 286572 |
| Coca-Cola Co.  | 62060 | &nbsp;&nbsp;&nbsp; 4719663 |
| Monster Beverage Corp. (a) | 22404 | &nbsp;&nbsp;&nbsp; 1623394 |
| PepsiCo, Inc.  | 6619 | &nbsp;&nbsp;&nbsp; 1027864 |
| Vita Coco Co., Inc. (a) | 16100 | &nbsp;&nbsp;&nbsp; 771351 |
|  |  | &nbsp;&nbsp;&nbsp; 8428844 |
| **Biotechnology — 1.4%** | **Biotechnology — 1.4%** | **Biotechnology — 1.4%** |
| AbbVie, Inc.  | 9030 | &nbsp;&nbsp;&nbsp; 1963935 |
| Amgen, Inc.  | 2599 | &nbsp;&nbsp;&nbsp; 914458 |
| Apogee Therapeutics, Inc. (a) | 2918 | &nbsp;&nbsp;&nbsp; 245608 |
| Argenx SE (ADR) (a) | 951 | &nbsp;&nbsp;&nbsp; 694468 |
| Ascendis Pharma AS (ADR) (a) | 2130 | &nbsp;&nbsp;&nbsp; 487195 |
| Cogent Biosciences, Inc. (a) | 5315 | &nbsp;&nbsp;&nbsp; 204574 |
| Corvus Pharmaceuticals, Inc. (a) (b) | 7499 | &nbsp;&nbsp;&nbsp; 109710 |
| Cytokinetics, Inc. (a) (b) | 17786 | &nbsp;&nbsp;&nbsp; 1172275 |
| Dianthus Therapeutics, Inc. (a) | 2606 | &nbsp;&nbsp;&nbsp; 218696 |
| Disc Medicine, Inc. (a) (b) | 2778 | &nbsp;&nbsp;&nbsp; 177625 |
| Gilead Sciences, Inc.  | 7550 | &nbsp;&nbsp;&nbsp; 1052244 |
| Incyte Corp. (a) | 2672 | &nbsp;&nbsp;&nbsp; 251489 |
| Ionis Pharmaceuticals, Inc. (a) | 3187 | &nbsp;&nbsp;&nbsp; 239312 |
| Mirum Pharmaceuticals, Inc. (a) | 2491 | &nbsp;&nbsp;&nbsp; 230119 |
| Natera, Inc. (a) | 2860 | &nbsp;&nbsp;&nbsp; 571971 |
| Newamsterdam Pharma Co. NV (a) (b) | 24800 | &nbsp;&nbsp;&nbsp; 793848 |
| Protagonist Therapeutics, Inc. (a) | 2669 | &nbsp;&nbsp;&nbsp; 281313 |
| Regeneron Pharmaceuticals, Inc.  | 1626 | &nbsp;&nbsp;&nbsp; 1256313 |
| Revolution Medicines, Inc. (a) | 5913 | &nbsp;&nbsp;&nbsp; 575039 |
| Scholar Rock Holding Corp. (a) | 3403 | &nbsp;&nbsp;&nbsp; 167291 |
| Spyre Therapeutics, Inc. (a) | 5669 | &nbsp;&nbsp;&nbsp; 285944 |
| United Therapeutics Corp. (a) | 2047 | &nbsp;&nbsp;&nbsp; 1213830 |
| Vertex Pharmaceuticals, Inc. (a) | 4873 | &nbsp;&nbsp;&nbsp; 2175989 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Biotechnology—(Continued)** | **Biotechnology—(Continued)** | **Biotechnology—(Continued)** |
| Xenon Pharmaceuticals, Inc. (a) | 16302 | &nbsp;&nbsp;&nbsp; $947961 |
|  |  | &nbsp;&nbsp;&nbsp; 16231207 |
| **Broadline Retail — 2.9%** | **Broadline Retail — 2.9%** | **Broadline Retail — 2.9%** |
| Amazon.com, Inc. (a) | 157254 | &nbsp;&nbsp;&nbsp; 32751291 |
| **Building Products — 0.7%** | **Building Products — 0.7%** | **Building Products — 0.7%** |
| AAON, Inc. (b) | 54560 | &nbsp;&nbsp;&nbsp; 4514840 |
| Builders FirstSource, Inc. (a) | 7201 | &nbsp;&nbsp;&nbsp; 592858 |
| Johnson Controls International PLC | 5469 | &nbsp;&nbsp;&nbsp; 716166 |
| Trex Co., Inc. (a) | 57994 | &nbsp;&nbsp;&nbsp; 2112141 |
|  |  | &nbsp;&nbsp;&nbsp; 7936005 |
| **Capital Markets — 2.3%** | **Capital Markets — 2.3%** | **Capital Markets — 2.3%** |
| Bank of New York Mellon Corp.  | 23200 | &nbsp;&nbsp;&nbsp; 2752216 |
| Blackrock, Inc.  | 8962 | &nbsp;&nbsp;&nbsp; 8618845 |
| Goldman Sachs Group, Inc.  | 10511 | &nbsp;&nbsp;&nbsp; 8892201 |
| KKR & Co., Inc.  | 69790 | &nbsp;&nbsp;&nbsp; 6455575 |
|  |  | &nbsp;&nbsp;&nbsp; 26718837 |
| **Chemicals — 0.8%** | **Chemicals — 0.8%** | **Chemicals — 0.8%** |
| Celanese Corp.  | 15795 | &nbsp;&nbsp;&nbsp; 1038837 |
| Ingevity Corp. (a) | 3415 | &nbsp;&nbsp;&nbsp; 243250 |
| Linde PLC | 10006 | &nbsp;&nbsp;&nbsp; 4960575 |
| PPG Industries, Inc.  | 24287 | &nbsp;&nbsp;&nbsp; 2595795 |
|  |  | &nbsp;&nbsp;&nbsp; 8838457 |
| **Commercial Services & Supplies — 0.7%** | **Commercial Services & Supplies — 0.7%** | **Commercial Services & Supplies — 0.7%** |
| Clean Harbors, Inc. (a) | 16206 | &nbsp;&nbsp;&nbsp; 4646746 |
| Tetra Tech, Inc.  | 37492 | &nbsp;&nbsp;&nbsp; 1129259 |
| Waste Connections, Inc.  | 12751 | &nbsp;&nbsp;&nbsp; 2071273 |
|  |  | &nbsp;&nbsp;&nbsp; 7847278 |
| **Communications Equipment — 0.3%** | **Communications Equipment — 0.3%** | **Communications Equipment — 0.3%** |
| Arista Networks, Inc. (a) | 24075 | &nbsp;&nbsp;&nbsp; 2955928 |
| **Construction & Engineering — 0.3%** | **Construction & Engineering — 0.3%** | **Construction & Engineering — 0.3%** |
| Primoris Services Corp.  | 22893 | &nbsp;&nbsp;&nbsp; 3274615 |
| **Construction Materials — 0.3%** | **Construction Materials — 0.3%** | **Construction Materials — 0.3%** |
| James Hardie Industries PLC (a) | 199809 | &nbsp;&nbsp;&nbsp; 3784382 |
| **Consumer Staples Distribution & Retail — 1.8%** | **Consumer Staples Distribution & Retail — 1.8%** | **Consumer Staples Distribution & Retail — 1.8%** |
| Casey's General Stores, Inc.  | 1580 | &nbsp;&nbsp;&nbsp; 1150019 |
| Performance Food Group Co. (a) | 8671 | &nbsp;&nbsp;&nbsp; 742758 |
| U.S. Foods Holding Corp. (a) | 71373 | &nbsp;&nbsp;&nbsp; 6581304 |
| Walmart, Inc.  | 93389 | &nbsp;&nbsp;&nbsp; 11606385 |
|  |  | &nbsp;&nbsp;&nbsp; 20080466 |
| **Containers & Packaging — 0.1%** | **Containers & Packaging — 0.1%** | **Containers & Packaging — 0.1%** |
| Packaging Corp. of America | 6429 | &nbsp;&nbsp;&nbsp; 1364362 |
| **Distributors — 0.3%** | **Distributors — 0.3%** | **Distributors — 0.3%** |
| Pool Corp.  | 15543 | &nbsp;&nbsp;&nbsp; 3144815 |

---

**BHFTII-129**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Balanced Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Electric Utilities — 0.5%** | **Electric Utilities — 0.5%** | **Electric Utilities — 0.5%** |
| NRG Energy, Inc.  | 18132 | &nbsp;&nbsp;&nbsp; $2649810 |
| PG&E Corp.  | 167508 | &nbsp;&nbsp;&nbsp; 2943116 |
|  |  | &nbsp;&nbsp;&nbsp; 5592926 |
| **Electrical Equipment — 0.6%** | **Electrical Equipment — 0.6%** | **Electrical Equipment — 0.6%** |
| Eaton Corp. PLC (b) | 8578 | &nbsp;&nbsp;&nbsp; 3068093 |
| Regal Rexnord Corp.  | 10340 | &nbsp;&nbsp;&nbsp; 1936269 |
| Vertiv Holdings Co. - Class A | 5311 | &nbsp;&nbsp;&nbsp; 1330830 |
|  |  | &nbsp;&nbsp;&nbsp; 6335192 |
| **Electronic Equipment, Instruments & Components — 0.2%** | **Electronic Equipment, Instruments & Components — 0.2%** | **Electronic Equipment, Instruments & Components — 0.2%** |
| Flex Ltd. (a) | 35681 | &nbsp;&nbsp;&nbsp; 2335678 |
| **Entertainment — 0.6%** | **Entertainment — 0.6%** | **Entertainment — 0.6%** |
| Netflix, Inc. (a) | 13754 | &nbsp;&nbsp;&nbsp; 1322447 |
| Spotify Technology SA (a) | 3140 | &nbsp;&nbsp;&nbsp; 1522618 |
| Walt Disney Co.  | 41935 | &nbsp;&nbsp;&nbsp; 4041695 |
|  |  | &nbsp;&nbsp;&nbsp; 6886760 |
| **Financial Services — 2.4%** | **Financial Services — 2.4%** | **Financial Services — 2.4%** |
| Berkshire Hathaway, Inc. - Class B (a) | 22678 | &nbsp;&nbsp;&nbsp; 10867298 |
| Equitable Holdings, Inc.  | 56875 | &nbsp;&nbsp;&nbsp; 2110631 |
| Mastercard, Inc. - Class A | 28598 | &nbsp;&nbsp;&nbsp; 14289277 |
|  |  | &nbsp;&nbsp;&nbsp; 27267206 |
| **Food Products — 0.1%** | **Food Products — 0.1%** | **Food Products — 0.1%** |
| Freshpet, Inc. (a) | 16432 | &nbsp;&nbsp;&nbsp; 968831 |
| Magnum Ice Cream Co. NV (a) (b) | 12530 | &nbsp;&nbsp;&nbsp; 187323 |
|  |  | &nbsp;&nbsp;&nbsp; 1156154 |
| **Gas Utilities — 0.2%** | **Gas Utilities — 0.2%** | **Gas Utilities — 0.2%** |
| Atmos Energy Corp.  | 13399 | &nbsp;&nbsp;&nbsp; 2475063 |
| **Ground Transportation — 0.2%** | **Ground Transportation — 0.2%** | **Ground Transportation — 0.2%** |
| Knight-Swift Transportation Holdings, Inc.  | 36923 | &nbsp;&nbsp;&nbsp; 2126026 |
| **Health Care Equipment & Supplies — 1.0%** | **Health Care Equipment & Supplies — 1.0%** | **Health Care Equipment & Supplies — 1.0%** |
| Abbott Laboratories | 14335 | &nbsp;&nbsp;&nbsp; 1471775 |
| Boston Scientific Corp. (a) | 10499 | &nbsp;&nbsp;&nbsp; 658812 |
| Dexcom, Inc. (a) | 21198 | &nbsp;&nbsp;&nbsp; 1331234 |
| Edwards Lifesciences Corp. (a) | 24177 | &nbsp;&nbsp;&nbsp; 1936094 |
| Intuitive Surgical, Inc. (a) | 6323 | &nbsp;&nbsp;&nbsp; 2914840 |
| LivaNova PLC (a) | 6284 | &nbsp;&nbsp;&nbsp; 399411 |
| Medtronic PLC | 6759 | &nbsp;&nbsp;&nbsp; 585667 |
| STERIS PLC | 4034 | &nbsp;&nbsp;&nbsp; 892039 |
| Stryker Corp.  | 4430 | &nbsp;&nbsp;&nbsp; 1455654 |
|  |  | &nbsp;&nbsp;&nbsp; 11645526 |
| **Health Care Providers & Services — 0.7%** | **Health Care Providers & Services — 0.7%** | **Health Care Providers & Services — 0.7%** |
| Alignment Healthcare, Inc. (a) | 53100 | &nbsp;&nbsp;&nbsp; 935622 |
| Cardinal Health, Inc.  | 11754 | &nbsp;&nbsp;&nbsp; 2483738 |
| Elevance Health, Inc.  | 4615 | &nbsp;&nbsp;&nbsp; 1351041 |
| Guardian Pharmacy Services, Inc. - Class A (a) | 38590 | &nbsp;&nbsp;&nbsp; 1453299 |
| UnitedHealth Group, Inc.  | 5103 | &nbsp;&nbsp;&nbsp; 1380821 |
|  |  | &nbsp;&nbsp;&nbsp; 7604521 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Health Care REITs — 0.5%** | **Health Care REITs — 0.5%** | **Health Care REITs — 0.5%** |
| Welltower, Inc.  | 31058 | &nbsp;&nbsp;&nbsp; $6140477 |
| **Hotels, Restaurants & Leisure — 1.6%** | **Hotels, Restaurants & Leisure — 1.6%** | **Hotels, Restaurants & Leisure — 1.6%** |
| DoorDash, Inc. - Class A (a) | 15993 | &nbsp;&nbsp;&nbsp; 2401349 |
| Hyatt Hotels Corp. - Class A (b) | 30718 | &nbsp;&nbsp;&nbsp; 4416941 |
| Marriott International, Inc. - Class A | 13717 | &nbsp;&nbsp;&nbsp; 4486419 |
| Navan, Inc. - Class A (a) (b) | 37367 | &nbsp;&nbsp;&nbsp; 494739 |
| Royal Caribbean Cruises Ltd. (b) | 9787 | &nbsp;&nbsp;&nbsp; 2693187 |
| Starbucks Corp. (b) | 36826 | &nbsp;&nbsp;&nbsp; 3299241 |
|  |  | &nbsp;&nbsp;&nbsp; 17791876 |
| **Household Durables — 0.0%** | **Household Durables — 0.0%** | **Household Durables — 0.0%** |
| Champion Homes, Inc. (a) | 2123 | &nbsp;&nbsp;&nbsp; 157888 |
| **Insurance — 1.2%** | **Insurance — 1.2%** | **Insurance — 1.2%** |
| Arch Capital Group Ltd. (a) | 23197 | &nbsp;&nbsp;&nbsp; 2226680 |
| Chubb Ltd.  | 10914 | &nbsp;&nbsp;&nbsp; 3557200 |
| Everest Group Ltd.  | 5108 | &nbsp;&nbsp;&nbsp; 1669550 |
| Hamilton Insurance Group Ltd. - Class B | 32985 | &nbsp;&nbsp;&nbsp; 983943 |
| Marsh & McLennan Cos., Inc.  | 29396 | &nbsp;&nbsp;&nbsp; 5098736 |
|  |  | &nbsp;&nbsp;&nbsp; 13536109 |
| **Interactive Media & Services — 4.3%** | **Interactive Media & Services — 4.3%** | **Interactive Media & Services — 4.3%** |
| Alphabet, Inc. - Class A | 106027 | &nbsp;&nbsp;&nbsp; 30489124 |
| Meta Platforms, Inc. - Class A | 32208 | &nbsp;&nbsp;&nbsp; 18427163 |
|  |  | &nbsp;&nbsp;&nbsp; 48916287 |
| **IT Services — 0.2%** | **IT Services — 0.2%** | **IT Services — 0.2%** |
| Snowflake, Inc. - Class A (a) | 16983 | &nbsp;&nbsp;&nbsp; 2561376 |
| **Life Sciences Tools & Services — 0.6%** | **Life Sciences Tools & Services — 0.6%** | **Life Sciences Tools & Services — 0.6%** |
| Bio-Techne Corp.  | 6212 | &nbsp;&nbsp;&nbsp; 324639 |
| Danaher Corp.  | 8951 | &nbsp;&nbsp;&nbsp; 1697110 |
| ICON PLC (a) | 9133 | &nbsp;&nbsp;&nbsp; 1010658 |
| Thermo Fisher Scientific, Inc.  | 1992 | &nbsp;&nbsp;&nbsp; 979128 |
| Waters Corp. (a) | 3084 | &nbsp;&nbsp;&nbsp; 918415 |
| West Pharmaceutical Services, Inc.  | 5357 | &nbsp;&nbsp;&nbsp; 1342678 |
|  |  | &nbsp;&nbsp;&nbsp; 6272628 |
| **Machinery — 0.5%** | **Machinery — 0.5%** | **Machinery — 0.5%** |
| IDEX Corp.  | 9881 | &nbsp;&nbsp;&nbsp; 1872944 |
| Middleby Corp. (a) | 8469 | &nbsp;&nbsp;&nbsp; 1122820 |
| PACCAR, Inc.  | 25033 | &nbsp;&nbsp;&nbsp; 2891311 |
|  |  | &nbsp;&nbsp;&nbsp; 5887075 |
| **Media — 0.2%** | **Media — 0.2%** | **Media — 0.2%** |
| EchoStar Corp. - Class A (a) (b) | 3889 | &nbsp;&nbsp;&nbsp; 455285 |
| New York Times Co. - Class A | 28231 | &nbsp;&nbsp;&nbsp; 2363782 |
|  |  | &nbsp;&nbsp;&nbsp; 2819067 |
| **Metals & Mining — 0.3%** | **Metals & Mining — 0.3%** | **Metals & Mining — 0.3%** |
| Newmont Corp.  | 11211 | &nbsp;&nbsp;&nbsp; 1213591 |
| Nucor Corp.  | 12319 | &nbsp;&nbsp;&nbsp; 2083143 |
|  |  | &nbsp;&nbsp;&nbsp; 3296734 |

---

**BHFTII-130**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Balanced Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Multi-Utilities — 1.2%** | **Multi-Utilities — 1.2%** | **Multi-Utilities — 1.2%** |
| CMS Energy Corp.  | 46546 | &nbsp;&nbsp;&nbsp; $3611039 |
| Dominion Energy, Inc.  | 76223 | &nbsp;&nbsp;&nbsp; 4712106 |
| Sempra | 54812 | &nbsp;&nbsp;&nbsp; 5326082 |
|  |  | &nbsp;&nbsp;&nbsp; 13649227 |
| **Oil, Gas & Consumable Fuels — 3.0%** | **Oil, Gas & Consumable Fuels — 3.0%** | **Oil, Gas & Consumable Fuels — 3.0%** |
| Coterra Energy, Inc.  | 94052 | &nbsp;&nbsp;&nbsp; 3304988 |
| Exxon Mobil Corp.  | 100591 | &nbsp;&nbsp;&nbsp; 17066269 |
| Marathon Petroleum Corp.  | 13307 | &nbsp;&nbsp;&nbsp; 3249303 |
| Shell PLC (ADR) (b) | 66113 | &nbsp;&nbsp;&nbsp; 6148509 |
| Targa Resources Corp.  | 18833 | &nbsp;&nbsp;&nbsp; 4721998 |
|  |  | &nbsp;&nbsp;&nbsp; 34491067 |
| **Personal Care Products — 0.3%** | **Personal Care Products — 0.3%** | **Personal Care Products — 0.3%** |
| BellRing Brands, Inc. (a) | 29707 | &nbsp;&nbsp;&nbsp; 477986 |
| elf Beauty, Inc. (a) | 4109 | &nbsp;&nbsp;&nbsp; 249046 |
| Oddity Tech Ltd. - Class A (a) | 7889 | &nbsp;&nbsp;&nbsp; 105555 |
| Unilever PLC (ADR) (b) | 52493 | &nbsp;&nbsp;&nbsp; 2990526 |
|  |  | &nbsp;&nbsp;&nbsp; 3823113 |
| **Pharmaceuticals — 2.7%** | **Pharmaceuticals — 2.7%** | **Pharmaceuticals — 2.7%** |
| AstraZeneca PLC (ADR) | 5287 | &nbsp;&nbsp;&nbsp; 1042702 |
| Elanco Animal Health, Inc. (a) | 38548 | &nbsp;&nbsp;&nbsp; 922454 |
| Eli Lilly & Co.  | 12760 | &nbsp;&nbsp;&nbsp; 11736265 |
| GSK PLC (ADR) | 36236 | &nbsp;&nbsp;&nbsp; 1999865 |
| Haleon PLC (ADR) (b) | 294784 | &nbsp;&nbsp;&nbsp; 2950788 |
| Johnson & Johnson | 10648 | &nbsp;&nbsp;&nbsp; 2602797 |
| Merck & Co., Inc.  | 63632 | &nbsp;&nbsp;&nbsp; 7654293 |
| Structure Therapeutics, Inc. (ADR) (a) | 17504 | &nbsp;&nbsp;&nbsp; 843693 |
| VeraDermics, Inc. (a) (b) | 9357 | &nbsp;&nbsp;&nbsp; 590894 |
|  |  | &nbsp;&nbsp;&nbsp; 30343751 |
| **Professional Services — 0.1%** | **Professional Services — 0.1%** | **Professional Services — 0.1%** |
| KBR, Inc.  | 34204 | &nbsp;&nbsp;&nbsp; 1260759 |
| **Semiconductors & Semiconductor Equipment — 9.4%** | **Semiconductors & Semiconductor Equipment — 9.4%** | **Semiconductors & Semiconductor Equipment — 9.4%** |
| Advanced Micro Devices, Inc. (a) | 41882 | &nbsp;&nbsp;&nbsp; 8520055 |
| Broadcom, Inc.  | 71823 | &nbsp;&nbsp;&nbsp; 22229937 |
| KLA Corp.  | 3594 | &nbsp;&nbsp;&nbsp; 5291842 |
| Marvell Technology, Inc.  | 35809 | &nbsp;&nbsp;&nbsp; 3546881 |
| Micron Technology, Inc.  | 17957 | &nbsp;&nbsp;&nbsp; 6066593 |
| NVIDIA Corp.  | 349357 | &nbsp;&nbsp;&nbsp; 60927861 |
|  |  | &nbsp;&nbsp;&nbsp; 106583169 |
| **Software — 4.8%** | **Software — 4.8%** | **Software — 4.8%** |
| Autodesk, Inc. (a) | 8281 | &nbsp;&nbsp;&nbsp; 1982472 |
| Crowdstrike Holdings, Inc. - Class A (a) | 3705 | &nbsp;&nbsp;&nbsp; 1446469 |
| Datadog, Inc. - Class A (a) | 16203 | &nbsp;&nbsp;&nbsp; 1912764 |
| Microsoft Corp.  | 90730 | &nbsp;&nbsp;&nbsp; 33585524 |
| Oracle Corp.  | 13296 | &nbsp;&nbsp;&nbsp; 1955975 |
| Palantir Technologies, Inc. - Class A (a) | 28604 | &nbsp;&nbsp;&nbsp; 4184193 |
| Palo Alto Networks, Inc. (a) | 16363 | &nbsp;&nbsp;&nbsp; 2623316 |
| Samsara, Inc. - Class A (a) | 75378 | &nbsp;&nbsp;&nbsp; 2388729 |
| SAP SE (ADR) | 3397 | &nbsp;&nbsp;&nbsp; 581600 |
| ServiceNow, Inc. (a) | 6211 | &nbsp;&nbsp;&nbsp; 649360 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Software—(Continued)** | **Software—(Continued)** | **Software—(Continued)** |
| Synopsys, Inc. (a) | 9285 | &nbsp;&nbsp;&nbsp; $3681317 |
|  |  | &nbsp;&nbsp;&nbsp; 54991719 |
| **Specialty Retail — 0.4%** | **Specialty Retail — 0.4%** | **Specialty Retail — 0.4%** |
| Lowe's Cos., Inc.  | 7895 | &nbsp;&nbsp;&nbsp; 1865431 |
| O'Reilly Automotive, Inc. (a) | 15812 | &nbsp;&nbsp;&nbsp; 1459606 |
| Ross Stores, Inc.  | 7937 | &nbsp;&nbsp;&nbsp; 1719392 |
|  |  | &nbsp;&nbsp;&nbsp; 5044429 |
| **Technology Hardware, Storage & Peripherals — 3.4%** | **Technology Hardware, Storage & Peripherals — 3.4%** | **Technology Hardware, Storage & Peripherals — 3.4%** |
| Apple, Inc.  | 151509 | &nbsp;&nbsp;&nbsp; 38451469 |
| **Tobacco — 0.4%** | **Tobacco — 0.4%** | **Tobacco — 0.4%** |
| British American Tobacco PLC (ADR) | 12430 | &nbsp;&nbsp;&nbsp; 726782 |
| Philip Morris International, Inc.  | 24700 | &nbsp;&nbsp;&nbsp; 4083898 |
|  |  | &nbsp;&nbsp;&nbsp; 4810680 |
| **Trading Companies & Distributors — 0.7%** | **Trading Companies & Distributors — 0.7%** | **Trading Companies & Distributors — 0.7%** |
| EquipmentShare.com, Inc. - Class A (a) | 46873 | &nbsp;&nbsp;&nbsp; 954803 |
| Ferguson Enterprises, Inc.  | 10932 | &nbsp;&nbsp;&nbsp; 2549998 |
| WESCO International, Inc.  | 10429 | &nbsp;&nbsp;&nbsp; 2853583 |
| WW Grainger, Inc.  | 1212 | &nbsp;&nbsp;&nbsp; 1322062 |
|  |  | &nbsp;&nbsp;&nbsp; 7680446 |
| **Wireless Telecommunication Services — 0.5%** | **Wireless Telecommunication Services — 0.5%** | **Wireless Telecommunication Services — 0.5%** |
| T-Mobile U.S., Inc.  | 26057 | &nbsp;&nbsp;&nbsp; 5472752 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $595,740,241) <br>|  | &nbsp;&nbsp;&nbsp; 670159243 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Agency Sponsored Mortgage-Backed Securities—17.0% of Net Assets** | **Agency Sponsored Mortgage-Backed Securities—17.0% of Net Assets** | **Agency Sponsored Mortgage-Backed Securities—17.0% of Net Assets** |
| **Agency Collateralized Mortgage Obligations — 1.6%** | **Agency Collateralized Mortgage Obligations — 1.6%** | **Agency Collateralized Mortgage Obligations — 1.6%** |
| Federal Home Loan Mortgage Corp. REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 11/15/36 (c) | 5732 | &nbsp;&nbsp;&nbsp; 4838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.000%, 02/25/51 | 369667 | &nbsp;&nbsp;&nbsp; 322421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 10/15/42 | 106058 | &nbsp;&nbsp;&nbsp; 92659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 07/25/50 | 106749 | &nbsp;&nbsp;&nbsp; 94279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.088%, -1x SOFR30A + 5.750%, 05/25/55 (d) (e) | 1209851 | &nbsp;&nbsp;&nbsp; 70156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/15/28 (d) | 11952 | &nbsp;&nbsp;&nbsp; 242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/25/50 (d) | 649126 | &nbsp;&nbsp;&nbsp; 98612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/25/50 (d) | 708657 | &nbsp;&nbsp;&nbsp; 110005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/25/52 | 352790 | &nbsp;&nbsp;&nbsp; 315915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/15/28 (d) | 21974 | &nbsp;&nbsp;&nbsp; 413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/15/33 (d) | 37102 | &nbsp;&nbsp;&nbsp; 2391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/25/40 | 500000 | &nbsp;&nbsp;&nbsp; 450356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/25/49 (d) | 646641 | &nbsp;&nbsp;&nbsp; 107166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/25/51 (d) | 570720 | &nbsp;&nbsp;&nbsp; 90561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 11/15/41 | 62839 | &nbsp;&nbsp;&nbsp; 58773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/15/26 (d) | 1268 | &nbsp;&nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/15/41 (d) | 372 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/15/45 | 99532 | &nbsp;&nbsp;&nbsp; 93727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/15/27 (d) | 1142 | &nbsp;&nbsp;&nbsp; 13 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/15/28 (d) | 157 | &nbsp;&nbsp;&nbsp; 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/15/28 (d) | 719 | &nbsp;&nbsp;&nbsp; 2 |

---

**BHFTII-131**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Balanced Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Collateralized Mortgage Obligations—(Continued)** | **Agency Collateralized Mortgage Obligations—(Continued)** | **Agency Collateralized Mortgage Obligations—(Continued)** |
| Federal Home Loan Mortgage Corp. REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/15/30 (d) | 28598 | &nbsp;&nbsp;&nbsp; $1350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/25/40 (d) | 221363 | &nbsp;&nbsp;&nbsp; 32489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/15/41 | 252174 | &nbsp;&nbsp;&nbsp; 243445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/25/45 (d) | 459972 | &nbsp;&nbsp;&nbsp; 74261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 07/15/39 | 132392 | &nbsp;&nbsp;&nbsp; 133381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/15/33 (d) | 51719 | &nbsp;&nbsp;&nbsp; 6371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/48 (d) | 86139 | &nbsp;&nbsp;&nbsp; 16680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/25/52 | 250650 | &nbsp;&nbsp;&nbsp; 251103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/15/33 | 12284 | &nbsp;&nbsp;&nbsp; 12646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/15/36 | 30511 | &nbsp;&nbsp;&nbsp; 31309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/15/46 | 44619 | &nbsp;&nbsp;&nbsp; 45795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/25/51 | 315814 | &nbsp;&nbsp;&nbsp; 317692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 07/15/36 | 22783 | &nbsp;&nbsp;&nbsp; 23508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/15/39 (d) | 172747 | &nbsp;&nbsp;&nbsp; 30672 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Seasoned Credit Risk Transfer <br> Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/25/59 | 389720 | &nbsp;&nbsp;&nbsp; 328696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/25/57 | 342545 | &nbsp;&nbsp;&nbsp; 328425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/25/58 | 187236 | &nbsp;&nbsp;&nbsp; 177036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/25/58 | 703679 | &nbsp;&nbsp;&nbsp; 647548 |
| Federal Home Loan Mortgage Corp. STACR REMICS Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.562%, SOFR30A + 2.900%, 04/25/42 (144A) (e) | 969000 | &nbsp;&nbsp;&nbsp; 986355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.012%, SOFR30A + 3.350%, 05/25/42 (144A) (e) | 495000 | &nbsp;&nbsp;&nbsp; 505519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.012%, SOFR30A + 3.350%, 06/25/43 (144A) (e) | 1000000 | &nbsp;&nbsp;&nbsp; 1021192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.062%, SOFR30A + 3.400%, 10/25/41 (144A) (e) | 1115000 | &nbsp;&nbsp;&nbsp; 1127021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.162%, SOFR30A + 3.500%, 05/25/43 (144A) (e) | 945000 | &nbsp;&nbsp;&nbsp; 986613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.212%, SOFR30A + 3.550%, 08/25/42 (144A) (e) | 155000 | &nbsp;&nbsp;&nbsp; 159365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.312%, SOFR30A + 3.650%, 11/25/41 (144A) (e) | 426000 | &nbsp;&nbsp;&nbsp; 432658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.362%, SOFR30A + 3.700%, 09/25/42 (144A) (e) | 425000 | &nbsp;&nbsp;&nbsp; 438281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.662%, SOFR30A + 4.000%, 07/25/42 (144A) (e) | 380000 | &nbsp;&nbsp;&nbsp; 391639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.162%, SOFR30A + 4.500%, 06/25/42 (144A) (e) | 600000 | &nbsp;&nbsp;&nbsp; 622404 |
| Federal Home Loan Mortgage Corp. STRIPS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 05/15/37 (d) | 1716389 | &nbsp;&nbsp;&nbsp; 86065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 06/15/52 (d) | 822602 | &nbsp;&nbsp;&nbsp; 100545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/15/52 (d) | 606072 | &nbsp;&nbsp;&nbsp; 90039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/25/52 (d) | 720925 | &nbsp;&nbsp;&nbsp; 110349 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal National Mortgage Association Connecticut Avenue <br> Securities Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.762%, SOFR30A + 3.100%, 10/25/41 (144A) (e) | 174400 | &nbsp;&nbsp;&nbsp; 176051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.812%, SOFR30A + 3.150%, 12/25/41 (144A) (e) | 405000 | &nbsp;&nbsp;&nbsp; 408656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.162%, SOFR30A + 4.500%, 01/25/42 (144A) (e) | 860000 | &nbsp;&nbsp;&nbsp; 882178 |
| Federal National Mortgage Association Interest STRIPS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 09/25/39 | 98220 | &nbsp;&nbsp;&nbsp; 88196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/25/52 (d) | 771726 | &nbsp;&nbsp;&nbsp; 96548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/25/52 (d) | 666166 | &nbsp;&nbsp;&nbsp; 100576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/25/52 (d) | 695289 | &nbsp;&nbsp;&nbsp; 108135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/25/27 (d) | 1546 | &nbsp;&nbsp;&nbsp; 13 |
| Federal National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 03/25/36 (c) | 5625 | &nbsp;&nbsp;&nbsp; 4885 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/25/41 (c) | 66037 | &nbsp;&nbsp;&nbsp; 50223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 12/25/42 | 148937 | &nbsp;&nbsp;&nbsp; 135188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/25/50 | 298220 | &nbsp;&nbsp;&nbsp; 256391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.083%, 05/25/46 (d) (e) | 118733 | &nbsp;&nbsp;&nbsp; 5610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.086%, 04/25/55 (d) (e) | 126700 | &nbsp;&nbsp;&nbsp; 5551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.178%, -1x SOFR30A + 5.840%, 03/25/55 (d) (e) | 754601 | &nbsp;&nbsp;&nbsp; 41272 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Collateralized Mortgage Obligations—(Continued)** | **Agency Collateralized Mortgage Obligations—(Continued)** | **Agency Collateralized Mortgage Obligations—(Continued)** |
| Federal National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.224%, 08/25/44 (d) (e) | 96407 | &nbsp;&nbsp;&nbsp; $5589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.247%, 06/25/55 (d) (e) | 91711 | &nbsp;&nbsp;&nbsp; 4315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.288%, -1x SOFR30A + 5.950%, 10/25/54 (d) (e) | 1099019 | &nbsp;&nbsp;&nbsp; 62604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/25/28 (d) | 10114 | &nbsp;&nbsp;&nbsp; 190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/25/51 (d) | 658178 | &nbsp;&nbsp;&nbsp; 111615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/25/27 (d) | 4936 | &nbsp;&nbsp;&nbsp; 63 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/25/28 (d) | 22293 | &nbsp;&nbsp;&nbsp; 197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/25/49 | 207641 | &nbsp;&nbsp;&nbsp; 188445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/25/50 (d) | 530604 | &nbsp;&nbsp;&nbsp; 95489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/25/27 (d) | 8993 | &nbsp;&nbsp;&nbsp; 82 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/25/27 (d) | 11712 | &nbsp;&nbsp;&nbsp; 216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/25/30 (d) | 31280 | &nbsp;&nbsp;&nbsp; 1392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/25/30 (d) | 6857 | &nbsp;&nbsp;&nbsp; 201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/25/31 (d) | 312 | &nbsp;&nbsp;&nbsp; 2 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/25/34 (d) | 283595 | &nbsp;&nbsp;&nbsp; 7168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/25/35 (d) | 41553 | &nbsp;&nbsp;&nbsp; 3500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/25/39 (d) | 254806 | &nbsp;&nbsp;&nbsp; 21217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/25/46 | 185996 | &nbsp;&nbsp;&nbsp; 155699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/25/46 (d) | 58159 | &nbsp;&nbsp;&nbsp; 10749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/25/58 | 439094 | &nbsp;&nbsp;&nbsp; 395687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/25/42 (d) | 25091 | &nbsp;&nbsp;&nbsp; 2465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/25/42 (d) | 11888 | &nbsp;&nbsp;&nbsp; 1017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/25/50 (d) | 933192 | &nbsp;&nbsp;&nbsp; 194708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/25/50 (d) | 482374 | &nbsp;&nbsp;&nbsp; 93260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/25/50 (d) | 567034 | &nbsp;&nbsp;&nbsp; 113757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/25/50 (d) | 487887 | &nbsp;&nbsp;&nbsp; 98824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/25/43 (d) | 208957 | &nbsp;&nbsp;&nbsp; 39866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/25/47 | 618314 | &nbsp;&nbsp;&nbsp; 617760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/25/48 (d) | 210088 | &nbsp;&nbsp;&nbsp; 29078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/25/51 | 358769 | &nbsp;&nbsp;&nbsp; 358232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/25/35 | 126530 | &nbsp;&nbsp;&nbsp; 129853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/25/37 | 33517 | &nbsp;&nbsp;&nbsp; 34485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/25/40 (d) | 174360 | &nbsp;&nbsp;&nbsp; 18960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/25/44 (d) | 145171 | &nbsp;&nbsp;&nbsp; 24287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/25/48 (d) | 160508 | &nbsp;&nbsp;&nbsp; 28702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/25/52 | 271123 | &nbsp;&nbsp;&nbsp; 273506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/25/52 | 323187 | &nbsp;&nbsp;&nbsp; 326077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/25/52 | 312380 | &nbsp;&nbsp;&nbsp; 317723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.514%, 05/25/42 (d) (e) | 1915 | &nbsp;&nbsp;&nbsp; 190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/25/42 (d) | 64169 | &nbsp;&nbsp;&nbsp; 2676 |
| Government National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.645%, 02/16/53 (d) (e) | 596282 | &nbsp;&nbsp;&nbsp; 8751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/16/39 | 61516 | &nbsp;&nbsp;&nbsp; 58566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/20/41 | 145989 | &nbsp;&nbsp;&nbsp; 132786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/20/49 | 525780 | &nbsp;&nbsp;&nbsp; 469181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/20/28 (d) | 6419 | &nbsp;&nbsp;&nbsp; 24 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/20/35 (d) | 249260 | &nbsp;&nbsp;&nbsp; 10464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/16/43 (d) | 44323 | &nbsp;&nbsp;&nbsp; 5692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/16/27 (d) | 769 | &nbsp;&nbsp;&nbsp; 2 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/20/27 (d) | 4702 | &nbsp;&nbsp;&nbsp; 11 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/20/29 (d) | 117318 | &nbsp;&nbsp;&nbsp; 4972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/20/40 (d) | 3367 | &nbsp;&nbsp;&nbsp; 13 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/20/42 (d) | 33003 | &nbsp;&nbsp;&nbsp; 755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/20/42 (d) | 238107 | &nbsp;&nbsp;&nbsp; 32819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/20/43 (d) | 73761 | &nbsp;&nbsp;&nbsp; 11089 |

---

**BHFTII-132**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Balanced Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Collateralized Mortgage Obligations—(Continued)** | **Agency Collateralized Mortgage Obligations—(Continued)** | **Agency Collateralized Mortgage Obligations—(Continued)** |
| Government National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/16/26 (d) | 31 | &nbsp;&nbsp;&nbsp; $0 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/20/29 (d) | 6850 | &nbsp;&nbsp;&nbsp; 217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/16/42 (d) | 15662 | &nbsp;&nbsp;&nbsp; 1202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/16/42 (d) | 450663 | &nbsp;&nbsp;&nbsp; 92407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/20/44 (d) | 20227 | &nbsp;&nbsp;&nbsp; 3825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/20/44 (d) | 266512 | &nbsp;&nbsp;&nbsp; 36036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/20/47 (d) | 134008 | &nbsp;&nbsp;&nbsp; 21350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/20/45 (d) | 264652 | &nbsp;&nbsp;&nbsp; 48893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/20/48 (d) | 224055 | &nbsp;&nbsp;&nbsp; 32230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/16/40 (d) | 163643 | &nbsp;&nbsp;&nbsp; 31502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/16/41 (d) | 63253 | &nbsp;&nbsp;&nbsp; 10419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/20/43 (d) | 195034 | &nbsp;&nbsp;&nbsp; 38374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/16/47 (d) | 36791 | &nbsp;&nbsp;&nbsp; 6859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/20/39 (d) | 86885 | &nbsp;&nbsp;&nbsp; 5016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/16/47 (d) | 90758 | &nbsp;&nbsp;&nbsp; 11464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/20/47 (d) | 62338 | &nbsp;&nbsp;&nbsp; 8724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/20/40 (d) | 117549 | &nbsp;&nbsp;&nbsp; 18242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/20/46 (d) | 105609 | &nbsp;&nbsp;&nbsp; 11951 |
|  |  | &nbsp;&nbsp;&nbsp; 18916145 |
| **Agency Mortgage-Backed Securities — 15.4%** | **Agency Mortgage-Backed Securities — 15.4%** | **Agency Mortgage-Backed Securities — 15.4%** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 06/01/36 | 90403 | &nbsp;&nbsp;&nbsp; 83239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/40 | 57192 | &nbsp;&nbsp;&nbsp; 50330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/01/41 | 390138 | &nbsp;&nbsp;&nbsp; 341217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/41 | 421678 | &nbsp;&nbsp;&nbsp; 367353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 09/01/50 | 187504 | &nbsp;&nbsp;&nbsp; 154029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/50 | 366523 | &nbsp;&nbsp;&nbsp; 298510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/51 | 557211 | &nbsp;&nbsp;&nbsp; 455278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/51 | 1310230 | &nbsp;&nbsp;&nbsp; 1068280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/51 | 635454 | &nbsp;&nbsp;&nbsp; 515846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/01/51 | 338819 | &nbsp;&nbsp;&nbsp; 279298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/01/51 | 141932 | &nbsp;&nbsp;&nbsp; 115356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/01/51 | 144619 | &nbsp;&nbsp;&nbsp; 118409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/52 | 560069 | &nbsp;&nbsp;&nbsp; 459408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/01/50 | 185819 | &nbsp;&nbsp;&nbsp; 159470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/01/50 | 230393 | &nbsp;&nbsp;&nbsp; 197120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/50 | 982601 | &nbsp;&nbsp;&nbsp; 841644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/50 | 368752 | &nbsp;&nbsp;&nbsp; 315876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/01/50 | 399350 | &nbsp;&nbsp;&nbsp; 340556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/51 | 122923 | &nbsp;&nbsp;&nbsp; 105555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/51 | 316144 | &nbsp;&nbsp;&nbsp; 268689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/01/51 | 157145 | &nbsp;&nbsp;&nbsp; 134006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/51 | 156204 | &nbsp;&nbsp;&nbsp; 132776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/01/51 | 119899 | &nbsp;&nbsp;&nbsp; 102531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/01/51 | 234108 | &nbsp;&nbsp;&nbsp; 199092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/01/52 | 772071 | &nbsp;&nbsp;&nbsp; 653835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/01/28 | 62125 | &nbsp;&nbsp;&nbsp; 61360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/29 | 36623 | &nbsp;&nbsp;&nbsp; 36083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/32 | 114326 | &nbsp;&nbsp;&nbsp; 110998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/01/33 | 119149 | &nbsp;&nbsp;&nbsp; 115778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/36 | 270875 | &nbsp;&nbsp;&nbsp; 257051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/37 | 182536 | &nbsp;&nbsp;&nbsp; 173105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/01/44 | 3871 | &nbsp;&nbsp;&nbsp; 3535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/46 | 341356 | &nbsp;&nbsp;&nbsp; 308398 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/46 | 349065 | &nbsp;&nbsp;&nbsp; $315048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/46 | 765052 | &nbsp;&nbsp;&nbsp; 691452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/01/46 | 228834 | &nbsp;&nbsp;&nbsp; 206910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/47 | 214808 | &nbsp;&nbsp;&nbsp; 192982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/52 | 238528 | &nbsp;&nbsp;&nbsp; 212224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/34 | 133993 | &nbsp;&nbsp;&nbsp; 130585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/42 | 37819 | &nbsp;&nbsp;&nbsp; 35792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/42 | 53381 | &nbsp;&nbsp;&nbsp; 50421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/46 | 38000 | &nbsp;&nbsp;&nbsp; 35687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/01/47 | 210404 | &nbsp;&nbsp;&nbsp; 196029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/47 | 82184 | &nbsp;&nbsp;&nbsp; 76576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/48 | 190124 | &nbsp;&nbsp;&nbsp; 178134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/48 | 126423 | &nbsp;&nbsp;&nbsp; 117593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/42 | 166875 | &nbsp;&nbsp;&nbsp; 161373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/42 | 48174 | &nbsp;&nbsp;&nbsp; 46557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/42 | 62106 | &nbsp;&nbsp;&nbsp; 60025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/44 | 2390 | &nbsp;&nbsp;&nbsp; 2357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/46 | 45552 | &nbsp;&nbsp;&nbsp; 43851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/47 | 27484 | &nbsp;&nbsp;&nbsp; 26513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/48 | 26395 | &nbsp;&nbsp;&nbsp; 25310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/49 | 522624 | &nbsp;&nbsp;&nbsp; 499717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/49 | 99610 | &nbsp;&nbsp;&nbsp; 95911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/49 | 391623 | &nbsp;&nbsp;&nbsp; 375808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/43 | 27752 | &nbsp;&nbsp;&nbsp; 27278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/01/43 | 222243 | &nbsp;&nbsp;&nbsp; 219566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/01/39 | 1789 | &nbsp;&nbsp;&nbsp; 1801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/40 | 217257 | &nbsp;&nbsp;&nbsp; 218955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/41 | 116892 | &nbsp;&nbsp;&nbsp; 118284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/52 | 253017 | &nbsp;&nbsp;&nbsp; 251678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/52 | 291213 | &nbsp;&nbsp;&nbsp; 288634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/53 | 199264 | &nbsp;&nbsp;&nbsp; 198347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/01/33 | 24950 | &nbsp;&nbsp;&nbsp; 25301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/37 | 729324 | &nbsp;&nbsp;&nbsp; 744155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/39 | 12187 | &nbsp;&nbsp;&nbsp; 12557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/41 | 46193 | &nbsp;&nbsp;&nbsp; 47646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/53 | 456865 | &nbsp;&nbsp;&nbsp; 461379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/54 | 981121 | &nbsp;&nbsp;&nbsp; 986065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/54 | 81668 | &nbsp;&nbsp;&nbsp; 82092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/55 | 581233 | &nbsp;&nbsp;&nbsp; 590503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/55 | 4570161 | &nbsp;&nbsp;&nbsp; 4594150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/52 | 231846 | &nbsp;&nbsp;&nbsp; 237992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/52 | 263310 | &nbsp;&nbsp;&nbsp; 271917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/53 | 130879 | &nbsp;&nbsp;&nbsp; 135773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/54 | 954219 | &nbsp;&nbsp;&nbsp; 979015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/01/54 | 910541 | &nbsp;&nbsp;&nbsp; 932530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.025%, 1Y RFUCCT + 1.900%, 02/01/41 (e) | 2666 | &nbsp;&nbsp;&nbsp; 2742 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured Pass-<br> Through Certificates<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.370%, 12/25/33 (d) (e) | 1464974 | &nbsp;&nbsp;&nbsp; 39780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.585%, 03/25/27 (d) (e) | 3756665 | &nbsp;&nbsp;&nbsp; 15076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.604%, 10/25/26 (d) (e) | 980976 | &nbsp;&nbsp;&nbsp; 1842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.725%, 06/25/27 (d) (e) | 2180533 | &nbsp;&nbsp;&nbsp; 13658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.866%, 11/25/30 (d) (e) | 936830 | &nbsp;&nbsp;&nbsp; 31171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.012%, 10/25/30 (d) (e) | 1609393 | &nbsp;&nbsp;&nbsp; 59457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.106%, 01/25/30 (d) (e) | 2366615 | &nbsp;&nbsp;&nbsp; 82835 |

---

**BHFTII-133**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Balanced Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured Pass-<br> Through Certificates<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.109%, 06/25/30 (d) (e) | 2991716 | &nbsp;&nbsp;&nbsp; $118667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.426%, 05/25/30 (d) (e) | 2309031 | &nbsp;&nbsp;&nbsp; 116450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.562%, 05/25/30 (d) (e) | 1450208 | &nbsp;&nbsp;&nbsp; 78015 |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 09/01/51 | 1715113 | &nbsp;&nbsp;&nbsp; 1325467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/01/36 | 136368 | &nbsp;&nbsp;&nbsp; 125463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/01/36 | 286228 | &nbsp;&nbsp;&nbsp; 263512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 09/01/40 | 224793 | &nbsp;&nbsp;&nbsp; 198332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/40 | 843148 | &nbsp;&nbsp;&nbsp; 741104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/41 | 255843 | &nbsp;&nbsp;&nbsp; 224750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/01/41 | 79284 | &nbsp;&nbsp;&nbsp; 69540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/41 | 309112 | &nbsp;&nbsp;&nbsp; 269035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/42 | 198511 | &nbsp;&nbsp;&nbsp; 174137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/50 | 511062 | &nbsp;&nbsp;&nbsp; 416122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 01/01/51 | 280720 | &nbsp;&nbsp;&nbsp; 231771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/51 | 1515552 | &nbsp;&nbsp;&nbsp; 1233534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/51 | 1683095 | &nbsp;&nbsp;&nbsp; 1364134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/51 | 3043681 | &nbsp;&nbsp;&nbsp; 2473199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/01/51 | 348239 | &nbsp;&nbsp;&nbsp; 282766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 07/01/51 | 109588 | &nbsp;&nbsp;&nbsp; 89041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 04/01/33 | 200057 | &nbsp;&nbsp;&nbsp; 176206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/01/40 | 501416 | &nbsp;&nbsp;&nbsp; 455756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/01/50 | 202724 | &nbsp;&nbsp;&nbsp; 172881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/01/50 | 229957 | &nbsp;&nbsp;&nbsp; 196334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/50 | 38196 | &nbsp;&nbsp;&nbsp; 32406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/50 | 369272 | &nbsp;&nbsp;&nbsp; 313923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/01/50 | 606556 | &nbsp;&nbsp;&nbsp; 521026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/01/51 | 267549 | &nbsp;&nbsp;&nbsp; 229790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/01/51 | 2996532 | &nbsp;&nbsp;&nbsp; 2565555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/51 | 302535 | &nbsp;&nbsp;&nbsp; 257990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/01/51 | 153121 | &nbsp;&nbsp;&nbsp; 131981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/51 | 189546 | &nbsp;&nbsp;&nbsp; 162091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/01/51 | 1415274 | &nbsp;&nbsp;&nbsp; 1207446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/01/51 | 2783678 | &nbsp;&nbsp;&nbsp; 2387826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/01/51 | 345219 | &nbsp;&nbsp;&nbsp; 296283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/01/52 | 343454 | &nbsp;&nbsp;&nbsp; 293530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/52 | 514542 | &nbsp;&nbsp;&nbsp; 435598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/01/52 | 356090 | &nbsp;&nbsp;&nbsp; 305462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/01/57 | 464454 | &nbsp;&nbsp;&nbsp; 393222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/01/28 | 94976 | &nbsp;&nbsp;&nbsp; 93903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/31 | 25274 | &nbsp;&nbsp;&nbsp; 24715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/33 | 81457 | &nbsp;&nbsp;&nbsp; 79166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/37 | 213553 | &nbsp;&nbsp;&nbsp; 202519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/43 | 254742 | &nbsp;&nbsp;&nbsp; 233413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/43 | 316287 | &nbsp;&nbsp;&nbsp; 289668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/01/43 | 303813 | &nbsp;&nbsp;&nbsp; 278240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/43 | 802828 | &nbsp;&nbsp;&nbsp; 735319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/43 | 455679 | &nbsp;&nbsp;&nbsp; 418359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/50 | 159065 | &nbsp;&nbsp;&nbsp; 142762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/50 | 544088 | &nbsp;&nbsp;&nbsp; 482166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/50 | 215712 | &nbsp;&nbsp;&nbsp; 190153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/01/50 | 315209 | &nbsp;&nbsp;&nbsp; 277911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/01/51 | 118589 | &nbsp;&nbsp;&nbsp; 104868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/51 | 280822 | &nbsp;&nbsp;&nbsp; 252603 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/51 | 143563 | &nbsp;&nbsp;&nbsp; $128284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/51 | 96462 | &nbsp;&nbsp;&nbsp; 85808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/51 | 792008 | &nbsp;&nbsp;&nbsp; 701783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/01/51 | 430266 | &nbsp;&nbsp;&nbsp; 380934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/52 | 210307 | &nbsp;&nbsp;&nbsp; 186372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/01/52 | 205856 | &nbsp;&nbsp;&nbsp; 182756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/52 | 305086 | &nbsp;&nbsp;&nbsp; 271117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/43 | 10060 | &nbsp;&nbsp;&nbsp; 9513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/43 | 25579 | &nbsp;&nbsp;&nbsp; 24073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/43 | 52391 | &nbsp;&nbsp;&nbsp; 49359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/43 | 519410 | &nbsp;&nbsp;&nbsp; 490510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/01/44 | 97528 | &nbsp;&nbsp;&nbsp; 91801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/45 | 98023 | &nbsp;&nbsp;&nbsp; 92044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/46 | 115199 | &nbsp;&nbsp;&nbsp; 108190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/46 | 86195 | &nbsp;&nbsp;&nbsp; 80940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/46 | 167402 | &nbsp;&nbsp;&nbsp; 156790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/01/46 | 73113 | &nbsp;&nbsp;&nbsp; 68366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/46 | 71026 | &nbsp;&nbsp;&nbsp; 66672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/46 | 410336 | &nbsp;&nbsp;&nbsp; 386860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/47 | 146154 | &nbsp;&nbsp;&nbsp; 137054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/47 | 315432 | &nbsp;&nbsp;&nbsp; 294401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/47 | 44208 | &nbsp;&nbsp;&nbsp; 41488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/48 | 185892 | &nbsp;&nbsp;&nbsp; 172822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/48 | 754081 | &nbsp;&nbsp;&nbsp; 706701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/48 | 226079 | &nbsp;&nbsp;&nbsp; 211886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/48 | 48145 | &nbsp;&nbsp;&nbsp; 44861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/52 | 486693 | &nbsp;&nbsp;&nbsp; 450873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/57 | 781565 | &nbsp;&nbsp;&nbsp; 711075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/58 | 445723 | &nbsp;&nbsp;&nbsp; 405523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.920%, 10/01/30 | 360000 | &nbsp;&nbsp;&nbsp; 355095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.955%, 11/01/30 | 360218 | &nbsp;&nbsp;&nbsp; 355600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/26 | 12 | &nbsp;&nbsp;&nbsp; 12 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/29 | 1281 | &nbsp;&nbsp;&nbsp; 1278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/40 | 217156 | &nbsp;&nbsp;&nbsp; 209734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/40 | 77735 | &nbsp;&nbsp;&nbsp; 75086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/40 | 58683 | &nbsp;&nbsp;&nbsp; 56678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/41 | 27220 | &nbsp;&nbsp;&nbsp; 26099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/41 | 71504 | &nbsp;&nbsp;&nbsp; 69060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/41 | 219891 | &nbsp;&nbsp;&nbsp; 215774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/42 | 40325 | &nbsp;&nbsp;&nbsp; 38921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/42 | 74700 | &nbsp;&nbsp;&nbsp; 72123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/45 | 9074 | &nbsp;&nbsp;&nbsp; 8738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/45 | 59526 | &nbsp;&nbsp;&nbsp; 57320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/46 | 60274 | &nbsp;&nbsp;&nbsp; 58089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/46 | 16628 | &nbsp;&nbsp;&nbsp; 15959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/46 | 76030 | &nbsp;&nbsp;&nbsp; 73019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/47 | 74487 | &nbsp;&nbsp;&nbsp; 71482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/47 | 310838 | &nbsp;&nbsp;&nbsp; 297890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/48 | 561679 | &nbsp;&nbsp;&nbsp; 536773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/48 | 98837 | &nbsp;&nbsp;&nbsp; 94659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/49 | 353804 | &nbsp;&nbsp;&nbsp; 339333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/49 | 668621 | &nbsp;&nbsp;&nbsp; 635057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/49 | 25320 | &nbsp;&nbsp;&nbsp; 24406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/50 | 454077 | &nbsp;&nbsp;&nbsp; 435797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/51 | 74446 | &nbsp;&nbsp;&nbsp; 71840 |

---

**BHFTII-134**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Balanced Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/52 | 303331 | &nbsp;&nbsp;&nbsp; $288750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.120%, 11/01/30 | 571400 | &nbsp;&nbsp;&nbsp; 568084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.210%, 01/01/31 | 240000 | &nbsp;&nbsp;&nbsp; 239598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.390%, 04/01/29 | 649470 | &nbsp;&nbsp;&nbsp; 653671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.420%, 11/01/30 | 524000 | &nbsp;&nbsp;&nbsp; 526499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/26 | 111 | &nbsp;&nbsp;&nbsp; 110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/01/37 | 189166 | &nbsp;&nbsp;&nbsp; 189745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/40 | 152305 | &nbsp;&nbsp;&nbsp; 150731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/41 | 18719 | &nbsp;&nbsp;&nbsp; 18525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/41 | 79509 | &nbsp;&nbsp;&nbsp; 78687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/42 | 19050 | &nbsp;&nbsp;&nbsp; 18853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/43 | 341579 | &nbsp;&nbsp;&nbsp; 335224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/43 | 62670 | &nbsp;&nbsp;&nbsp; 60999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/01/43 | 50724 | &nbsp;&nbsp;&nbsp; 50042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/01/44 | 108062 | &nbsp;&nbsp;&nbsp; 106249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/49 | 100515 | &nbsp;&nbsp;&nbsp; 98544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/01/51 | 483610 | &nbsp;&nbsp;&nbsp; 467561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.520%, 10/01/30 | 286000 | &nbsp;&nbsp;&nbsp; 288528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 04/01/28 | 95000 | &nbsp;&nbsp;&nbsp; 95806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/41 | 12687 | &nbsp;&nbsp;&nbsp; 12822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/41 | 5266 | &nbsp;&nbsp;&nbsp; 5318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/52 | 494312 | &nbsp;&nbsp;&nbsp; 489985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/52 | 890767 | &nbsp;&nbsp;&nbsp; 883571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/52 | 1156861 | &nbsp;&nbsp;&nbsp; 1147007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/53 | 979444 | &nbsp;&nbsp;&nbsp; 968157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.065%, 12/01/28 | 490000 | &nbsp;&nbsp;&nbsp; 500938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/01/28 | 5587 | &nbsp;&nbsp;&nbsp; 5661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/33 | 9881 | &nbsp;&nbsp;&nbsp; 10081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/01/37 | 60997 | &nbsp;&nbsp;&nbsp; 62160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/01/39 | 323037 | &nbsp;&nbsp;&nbsp; 329383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/01/40 | 718435 | &nbsp;&nbsp;&nbsp; 733065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/41 | 6478 | &nbsp;&nbsp;&nbsp; 6625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/52 | 265726 | &nbsp;&nbsp;&nbsp; 268663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/01/52 | 793883 | &nbsp;&nbsp;&nbsp; 802716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/52 | 905254 | &nbsp;&nbsp;&nbsp; 914517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/53 | 585210 | &nbsp;&nbsp;&nbsp; 592218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/53 | 448991 | &nbsp;&nbsp;&nbsp; 453387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/01/53 | 232823 | &nbsp;&nbsp;&nbsp; 234543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 1Y RFUCCT + 1.750%, 03/01/41 (e) | 2278 | &nbsp;&nbsp;&nbsp; 2345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/34 | 40302 | &nbsp;&nbsp;&nbsp; 41696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/01/34 | 22099 | &nbsp;&nbsp;&nbsp; 22838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/35 | 178752 | &nbsp;&nbsp;&nbsp; 184094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/38 | 15156 | &nbsp;&nbsp;&nbsp; 15900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/38 | 6480 | &nbsp;&nbsp;&nbsp; 6798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/38 | 16450 | &nbsp;&nbsp;&nbsp; 17258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/01/38 | 4460 | &nbsp;&nbsp;&nbsp; 4652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/38 | 6730 | &nbsp;&nbsp;&nbsp; 7060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/53 | 282827 | &nbsp;&nbsp;&nbsp; 292740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/53 | 835720 | &nbsp;&nbsp;&nbsp; 854897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/01/54 | 390900 | &nbsp;&nbsp;&nbsp; 399285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/54 | 642243 | &nbsp;&nbsp;&nbsp; 656072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/54 | 278562 | &nbsp;&nbsp;&nbsp; 284343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.377%, 1Y RFUCCT + 1.777%, 06/01/41 (e) | 13455 | &nbsp;&nbsp;&nbsp; 13899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 05/01/40 | 115344 | &nbsp;&nbsp;&nbsp; 122267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.638%, 1Y RFUCCT + 1.821%, 09/01/41 (e) | 15279 | &nbsp;&nbsp;&nbsp; 15943 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal National Mortgage Association-ACES |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.299%, 01/25/30 (d) (e) | 1613290 | &nbsp;&nbsp;&nbsp; $12514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.130%, 06/25/34 (d) (e) | 3598238 | &nbsp;&nbsp;&nbsp; 197700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.453%, 05/25/29 (d) (e) | 1756791 | &nbsp;&nbsp;&nbsp; 50916 |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/20/50 | 543160 | &nbsp;&nbsp;&nbsp; 449217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/20/50 | 904242 | &nbsp;&nbsp;&nbsp; 747420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/20/52 | 2098141 | &nbsp;&nbsp;&nbsp; 1734263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/20/52 | 707670 | &nbsp;&nbsp;&nbsp; 584939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 07/20/54 | 398907 | &nbsp;&nbsp;&nbsp; 330073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/20/49 | 408504 | &nbsp;&nbsp;&nbsp; 353953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/20/51 | 324529 | &nbsp;&nbsp;&nbsp; 279370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/20/51 | 1548479 | &nbsp;&nbsp;&nbsp; 1333157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/20/51 | 433856 | &nbsp;&nbsp;&nbsp; 373642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/20/51 | 1453194 | &nbsp;&nbsp;&nbsp; 1251047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/20/52 | 1629474 | &nbsp;&nbsp;&nbsp; 1402804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/20/52 | 1973701 | &nbsp;&nbsp;&nbsp; 1699145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/15/44 | 15221 | &nbsp;&nbsp;&nbsp; 13711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/15/45 | 144188 | &nbsp;&nbsp;&nbsp; 129529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/15/45 | 6165 | &nbsp;&nbsp;&nbsp; 5538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/20/51 | 1501648 | &nbsp;&nbsp;&nbsp; 1341570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/20/51 | 152247 | &nbsp;&nbsp;&nbsp; 136033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/20/51 | 1384333 | &nbsp;&nbsp;&nbsp; 1237086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/20/52 | 338162 | &nbsp;&nbsp;&nbsp; 302456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/20/44 | 214267 | &nbsp;&nbsp;&nbsp; 202795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/20/46 | 248092 | &nbsp;&nbsp;&nbsp; 232352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/20/46 | 58785 | &nbsp;&nbsp;&nbsp; 54965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/20/46 | 63802 | &nbsp;&nbsp;&nbsp; 60024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/20/47 | 286388 | &nbsp;&nbsp;&nbsp; 269366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/20/47 | 51542 | &nbsp;&nbsp;&nbsp; 48579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/20/47 | 57895 | &nbsp;&nbsp;&nbsp; 54405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/20/48 | 73479 | &nbsp;&nbsp;&nbsp; 68869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/20/49 | 222841 | &nbsp;&nbsp;&nbsp; 208725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/20/49 | 211650 | &nbsp;&nbsp;&nbsp; 197725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/20/51 | 59724 | &nbsp;&nbsp;&nbsp; 55630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/20/52 | 171365 | &nbsp;&nbsp;&nbsp; 158703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/20/52 | 499279 | &nbsp;&nbsp;&nbsp; 461772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/20/53 | 608489 | &nbsp;&nbsp;&nbsp; 564309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 08/15/42 | 158728 | &nbsp;&nbsp;&nbsp; 151891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/15/42 | 215269 | &nbsp;&nbsp;&nbsp; 206905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/20/45 | 213115 | &nbsp;&nbsp;&nbsp; 203651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/20/47 | 66983 | &nbsp;&nbsp;&nbsp; 63105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/20/48 | 171513 | &nbsp;&nbsp;&nbsp; 161750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/20/48 | 569816 | &nbsp;&nbsp;&nbsp; 542941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/20/52 | 583317 | &nbsp;&nbsp;&nbsp; 551326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/15/41 | 142479 | &nbsp;&nbsp;&nbsp; 141375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/15/42 | 290602 | &nbsp;&nbsp;&nbsp; 287108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/20/46 | 27540 | &nbsp;&nbsp;&nbsp; 27217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/20/52 | 45415 | &nbsp;&nbsp;&nbsp; 44246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/20/52 | 201204 | &nbsp;&nbsp;&nbsp; 195964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/20/52 | 185500 | &nbsp;&nbsp;&nbsp; 180641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/20/52 | 832796 | &nbsp;&nbsp;&nbsp; 811366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/20/54 | 1156217 | &nbsp;&nbsp;&nbsp; 1119162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/20/54 | 1137222 | &nbsp;&nbsp;&nbsp; 1100075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/38 | 10672 | &nbsp;&nbsp;&nbsp; 10895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/15/39 | 214411 | &nbsp;&nbsp;&nbsp; 218884 |

---

**BHFTII-135**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Balanced Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/15/39 | 14198 | &nbsp;&nbsp;&nbsp; $14495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/20/39 | 4678 | &nbsp;&nbsp;&nbsp; 4784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/20/40 | 178566 | &nbsp;&nbsp;&nbsp; 181857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/20/40 | 142546 | &nbsp;&nbsp;&nbsp; 145608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/20/40 | 56091 | &nbsp;&nbsp;&nbsp; 57158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/20/49 | 202222 | &nbsp;&nbsp;&nbsp; 203639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/15/40 | 111933 | &nbsp;&nbsp;&nbsp; 116376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/20/55 | 1042349 | &nbsp;&nbsp;&nbsp; 1060507 |
| Government National Mortgage Association, TBA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, TBA (f) | 1721000 | &nbsp;&nbsp;&nbsp; 1480329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, TBA (f) | 5355000 | &nbsp;&nbsp;&nbsp; 5389105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, TBA (f) | 1093000 | &nbsp;&nbsp;&nbsp; 1111369 |
| Uniform Mortgage-Backed Security, TBA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, TBA (f) | 376000 | &nbsp;&nbsp;&nbsp; 305882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, TBA (f) | 425000 | &nbsp;&nbsp;&nbsp; 389574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, TBA (f) | 1575000 | &nbsp;&nbsp;&nbsp; 1591705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, TBA (f) | 14559000 | &nbsp;&nbsp;&nbsp; 14069357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, TBA (f) | 10215000 | &nbsp;&nbsp;&nbsp; 10070791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, TBA (f) | 27649000 | &nbsp;&nbsp;&nbsp; 27801638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, TBA (f) | 13317000 | &nbsp;&nbsp;&nbsp; 13564770 |
|  |  | &nbsp;&nbsp;&nbsp; 175124691 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Agency Sponsored Mortgage-Backed Securities <br>(Cost $200,651,047) <br>|  | &nbsp;&nbsp;&nbsp; 194040836 |
| **U.S. Treasury & Government Agencies—13.8%** | **U.S. Treasury & Government Agencies—13.8%** | **U.S. Treasury & Government Agencies—13.8%** |
| **U.S. Treasury — 13.8%** | **U.S. Treasury — 13.8%** | **U.S. Treasury — 13.8%** |
| U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, 05/15/50 | 9605000 | &nbsp;&nbsp;&nbsp; 4558248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 11/15/40 | 10420000 | &nbsp;&nbsp;&nbsp; 6711945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 11/15/50 | 3460000 | &nbsp;&nbsp;&nbsp; 1805282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 02/15/41 | 2075000 | &nbsp;&nbsp;&nbsp; 1437505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 05/15/41 | 1525000 | &nbsp;&nbsp;&nbsp; 1111165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 08/15/46 | 910000 | &nbsp;&nbsp;&nbsp; 593171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 11/15/49 | 1385000 | &nbsp;&nbsp;&nbsp; 882343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/15/45 | 1685000 | &nbsp;&nbsp;&nbsp; 1181672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 08/15/45 (g) (h) | 19040000 | &nbsp;&nbsp;&nbsp; 14136456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 11/15/46 | 1200000 | &nbsp;&nbsp;&nbsp; 877172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/15/47 | 6040000 | &nbsp;&nbsp;&nbsp; 4500272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/15/52 | 2540000 | &nbsp;&nbsp;&nbsp; 1805583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 05/15/48 | 6365000 | &nbsp;&nbsp;&nbsp; 4789911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 08/15/42 | 2385000 | &nbsp;&nbsp;&nbsp; 1992127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 11/15/48 | 3805000 | &nbsp;&nbsp;&nbsp; 2981723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 08/15/43 | 3785000 | &nbsp;&nbsp;&nbsp; 3232479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 05/15/53 | 1650000 | &nbsp;&nbsp;&nbsp; 1323029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 08/15/53 | 1595000 | &nbsp;&nbsp;&nbsp; 1398740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 05/15/39 | 475000 | &nbsp;&nbsp;&nbsp; 461028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/15/39 | 685000 | &nbsp;&nbsp;&nbsp; 678471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/15/54 | 6295000 | &nbsp;&nbsp;&nbsp; 5880907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 02/15/55 | 2365000 | &nbsp;&nbsp;&nbsp; 2255711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 08/15/45 (b) | 2050000 | &nbsp;&nbsp;&nbsp; 2043274 |
| U.S. Treasury Inflation-Indexed Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.625%, 02/15/43 (i) | 657752 | &nbsp;&nbsp;&nbsp; 484352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.750%, 02/15/42 (i) | 4785506 | &nbsp;&nbsp;&nbsp; 3685222 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **U.S. Treasury—(Continued)** | **U.S. Treasury—(Continued)** | **U.S. Treasury—(Continued)** |
| U.S. Treasury Inflation-Indexed Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 02/15/44 (i) | 3697837 | &nbsp;&nbsp;&nbsp; $3054219 |
| U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 02/28/29 (b) | 12195000 | &nbsp;&nbsp;&nbsp; 11544282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 05/15/33 (b) | 1025000 | &nbsp;&nbsp;&nbsp; 976433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/15/33 | 1580000 | &nbsp;&nbsp;&nbsp; 1520256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 12/31/30 | 9160000 | &nbsp;&nbsp;&nbsp; 9035481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 06/30/30 (b) | 7515000 | &nbsp;&nbsp;&nbsp; 7466270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 08/31/32 | 3755000 | &nbsp;&nbsp;&nbsp; 3707916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/15/34 | 23075000 | &nbsp;&nbsp;&nbsp; 22761324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 11/30/31 | 1220000 | &nbsp;&nbsp;&nbsp; 1225957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 11/15/34 | 9190000 | &nbsp;&nbsp;&nbsp; 9187487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 01/31/32 | 7525000 | &nbsp;&nbsp;&nbsp; 7653160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/15/33 | 3825000 | &nbsp;&nbsp;&nbsp; 3904190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 05/31/31 | 4045000 | &nbsp;&nbsp;&nbsp; 4164928 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury & Government Agencies <br>(Cost $179,629,931) <br>|  | &nbsp;&nbsp;&nbsp; 157009691 |
| **Corporate Bonds & Notes—6.9%** | **Corporate Bonds & Notes—6.9%** | **Corporate Bonds & Notes—6.9%** |
| **Advertising — 0.0%** | **Advertising — 0.0%** | **Advertising — 0.0%** |
| Outfront Media Capital LLC/Outfront Media Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 02/15/31 (144A) | 220000 | &nbsp;&nbsp;&nbsp; 229397 |
| **Aerospace/Defense — 0.1%** | **Aerospace/Defense — 0.1%** | **Aerospace/Defense — 0.1%** |
| Boeing Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 02/01/30 | 125000 | &nbsp;&nbsp;&nbsp; 117634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 03/01/29 | 80000 | &nbsp;&nbsp;&nbsp; 77160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 05/01/30 | 295000 | &nbsp;&nbsp;&nbsp; 299938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.705%, 05/01/40 | 464000 | &nbsp;&nbsp;&nbsp; 464730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.388%, 05/01/31 | 80000 | &nbsp;&nbsp;&nbsp; 85307 |
|  |  | &nbsp;&nbsp;&nbsp; 1044769 |
| **Agriculture — 0.1%** | **Agriculture — 0.1%** | **Agriculture — 0.1%** |
| BAT Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.834%, 02/20/31 | 115000 | &nbsp;&nbsp;&nbsp; 120345 |
| Philip Morris International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 11/01/27 | 115000 | &nbsp;&nbsp;&nbsp; 115281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 11/01/31 | 185000 | &nbsp;&nbsp;&nbsp; 185841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 02/15/30 | 385000 | &nbsp;&nbsp;&nbsp; 392831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 02/13/31 | 410000 | &nbsp;&nbsp;&nbsp; 419338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 02/15/33 | 115000 | &nbsp;&nbsp;&nbsp; 118190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 11/17/29 | 90000 | &nbsp;&nbsp;&nbsp; 93544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 09/07/33 | 50000 | &nbsp;&nbsp;&nbsp; 52168 |
|  |  | &nbsp;&nbsp;&nbsp; 1497538 |
| **Airlines — 0.0%** | **Airlines — 0.0%** | **Airlines — 0.0%** |
| JetBlue Airways Corp./JetBlue Loyalty LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.875%, 09/20/31 (144A) | 120000 | &nbsp;&nbsp;&nbsp; 113407 |
| **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** |
| Clarios Global LP/Clarios U.S. Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 06/15/31 (EUR) | 240000 | &nbsp;&nbsp;&nbsp; 272374 |

---

**BHFTII-136**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Balanced Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Auto Parts & Equipment—(Continued)** | **Auto Parts & Equipment—(Continued)** | **Auto Parts & Equipment—(Continued)** |
| Forvia SE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 09/15/33 (144A) (b) | 200000 | &nbsp;&nbsp;&nbsp; $195278 |
|  |  | &nbsp;&nbsp;&nbsp; 467652 |
| **Banks — 0.9%** | **Banks — 0.9%** | **Banks — 0.9%** |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.972%, SOFR + 1.330%, 02/04/33 (e) | 450000 | &nbsp;&nbsp;&nbsp; 407346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.376%, SOFR + 1.580%, 04/27/28 (e) | 475000 | &nbsp;&nbsp;&nbsp; 474651 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.503%, SOFR + 1.171%, 09/11/31 (e) | 595000 | &nbsp;&nbsp;&nbsp; 588237 |
| CrediaBank SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.375%, 5Y EUR Swap + 7.277%, 01/31/31 (EUR) (e) | 100000 | &nbsp;&nbsp;&nbsp; 120792 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.615%, SOFR + 1.281%, 04/22/32 (e) | 260000 | &nbsp;&nbsp;&nbsp; 233546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.692%, SOFR + 1.135%, 10/23/30 (e) | 365000 | &nbsp;&nbsp;&nbsp; 365286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.049%, SOFR + 1.210%, 07/23/30 (e) | 215000 | &nbsp;&nbsp;&nbsp; 217590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.218%, SOFR + 1.580%, 04/23/31 (e) | 145000 | &nbsp;&nbsp;&nbsp; 147445 |
| HSBC Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.619%, SOFR + 1.190%, 11/06/31 (e) | 200000 | &nbsp;&nbsp;&nbsp; 197222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.675%, SOFR + 1.210%, 03/10/32 (e) | 365000 | &nbsp;&nbsp;&nbsp; 360163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.240%, SOFR + 1.570%, 05/13/31 (e) | 400000 | &nbsp;&nbsp;&nbsp; 405634 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.545%, SOFR + 1.180%, 11/08/32 (b) (e) | 145000 | &nbsp;&nbsp;&nbsp; 128892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.580%, 3M TSFR + 1.250%, 04/22/32 (e) | 110000 | &nbsp;&nbsp;&nbsp; 99403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.509%, 3M TSFR + 1.207%, 01/23/29 (e) | 305000 | &nbsp;&nbsp;&nbsp; 300071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.005%, 3M TSFR + 1.382%, 04/23/29 (e) | 90000 | &nbsp;&nbsp;&nbsp; 89288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.255%, SOFR + 0.930%, 10/22/31 (e) | 435000 | &nbsp;&nbsp;&nbsp; 428205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.505%, SOFR + 0.860%, 10/22/28 (e) | 385000 | &nbsp;&nbsp;&nbsp; 384918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.946%, SOFR + 1.340%, 10/22/35 (e) | 65000 | &nbsp;&nbsp;&nbsp; 64287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.995%, SOFR + 1.125%, 07/22/30 (e) | 395000 | &nbsp;&nbsp;&nbsp; 400608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.103%, SOFR + 1.435%, 04/22/31 (e) | 425000 | &nbsp;&nbsp;&nbsp; 432717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.299%, SOFR + 1.450%, 07/24/29 (e) | 375000 | &nbsp;&nbsp;&nbsp; 381999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.336%, SOFR + 1.620%, 01/23/35 (e) | 345000 | &nbsp;&nbsp;&nbsp; 350295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.576%, SOFR + 1.635%, 07/23/36 (e) | 55000 | &nbsp;&nbsp;&nbsp; 55699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.581%, SOFR + 1.160%, 04/22/30 (e) | 245000 | &nbsp;&nbsp;&nbsp; 252513 |
| Metro Bank Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.000%, 1Y UKG + 7.814%, 04/30/29 (GBP) (e) | 150000 | &nbsp;&nbsp;&nbsp; 222368 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.794%, SOFR + 1.034%, 02/13/32 (e) | 225000 | &nbsp;&nbsp;&nbsp; 194836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.928%, SOFR + 1.020%, 04/28/32 (e) | 280000 | &nbsp;&nbsp;&nbsp; 242709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.238%, SOFR + 0.800%, 01/09/30 (e) | 530000 | &nbsp;&nbsp;&nbsp; 524652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.431%, 3M TSFR + 1.890%, 01/23/30 (e) | 50000 | &nbsp;&nbsp;&nbsp; 49775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.708%, SOFR + 1.195%, 03/12/32 (e) | 170000 | &nbsp;&nbsp;&nbsp; 168855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.164%, SOFR + 1.590%, 04/20/29 (e) | 60000 | &nbsp;&nbsp;&nbsp; 60691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.230%, SOFR + 1.108%, 01/15/31 (e) | 90000 | &nbsp;&nbsp;&nbsp; 91384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.449%, SOFR + 1.630%, 07/20/29 (e) | 115000 | &nbsp;&nbsp;&nbsp; 117050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.466%, SOFR + 1.730%, 01/18/35 (e) | 100000 | &nbsp;&nbsp;&nbsp; 101653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.656%, SOFR + 1.260%, 04/18/30 (e) | 235000 | &nbsp;&nbsp;&nbsp; 241750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.831%, SOFR + 1.580%, 04/19/35 (e) | 195000 | &nbsp;&nbsp;&nbsp; 202447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.407%, SOFR + 1.830%, 11/01/29 (e) | 75000 | &nbsp;&nbsp;&nbsp; 78277 |
| Morgan Stanley Private Bank NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.213%, SOFR + 0.762%, 02/08/30 (e) | 585000 | &nbsp;&nbsp;&nbsp; 579076 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.897%, SOFR + 2.100%, 07/25/33 (e) | 270000 | &nbsp;&nbsp;&nbsp; 268619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.574%, SOFR + 1.740%, 07/25/29 (e) | 70000 | &nbsp;&nbsp;&nbsp; 71608 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.491%, SOFR + 2.060%, 10/23/34 (e) | 95000 | &nbsp;&nbsp;&nbsp; $102862 |
|  |  | &nbsp;&nbsp;&nbsp; 10205419 |
| **Beverages — 0.1%** | **Beverages — 0.1%** | **Beverages — 0.1%** |
| Keurig Dr. Pepper, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 03/15/31 | 446000 | &nbsp;&nbsp;&nbsp; 393957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 05/01/30 | 28000 | &nbsp;&nbsp;&nbsp; 26254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 04/15/29 | 155000 | &nbsp;&nbsp;&nbsp; 151842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, 04/15/32 | 220000 | &nbsp;&nbsp;&nbsp; 208128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 05/15/30 | 26000 | &nbsp;&nbsp;&nbsp; 25730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 05/15/35 | 25000 | &nbsp;&nbsp;&nbsp; 24366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 03/15/31 | 154000 | &nbsp;&nbsp;&nbsp; 155687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 03/15/34 | 127000 | &nbsp;&nbsp;&nbsp; 125917 |
|  |  | &nbsp;&nbsp;&nbsp; 1111881 |
| **Biotechnology — 0.0%** | **Biotechnology — 0.0%** | **Biotechnology — 0.0%** |
| Royalty Pharma PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 09/25/35 (b) | 210000 | &nbsp;&nbsp;&nbsp; 207256 |
| **Building Materials — 0.0%** | **Building Materials — 0.0%** | **Building Materials — 0.0%** |
| CP Atlas Buyer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 07/15/30 (144A) | 110000 | &nbsp;&nbsp;&nbsp; 103156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.750%, 5.750% PIK, 01/15/31 (144A) (j) | 61600 | &nbsp;&nbsp;&nbsp; 47547 |
| JH North America Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 07/31/32 (144A) | 170000 | &nbsp;&nbsp;&nbsp; 169322 |
|  |  | &nbsp;&nbsp;&nbsp; 320025 |
| **Chemicals — 0.1%** | **Chemicals — 0.1%** | **Chemicals — 0.1%** |
| Celanese U.S. Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/15/30 (b) | 120000 | &nbsp;&nbsp;&nbsp; 122459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 02/15/31 | 20000 | &nbsp;&nbsp;&nbsp; 20536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 02/15/34 | 60000 | &nbsp;&nbsp;&nbsp; 61471 |
| Itelyum Regeneration SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 04/15/30 (EUR) | 300000 | &nbsp;&nbsp;&nbsp; 342037 |
| Olympus Water U.S. Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/01/29 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 189008 |
| Tronox, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/15/29 (144A) (b) | 150000 | &nbsp;&nbsp;&nbsp; 120106 |
|  |  | &nbsp;&nbsp;&nbsp; 855617 |
| **Commercial Services — 0.1%** | **Commercial Services — 0.1%** | **Commercial Services — 0.1%** |
| Allied Universal Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 02/15/31 (144A) (b) | 220000 | &nbsp;&nbsp;&nbsp; 226867 |
| Element Fleet Management Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.641%, 11/24/30 (144A) (b) | 450000 | &nbsp;&nbsp;&nbsp; 443656 |
|  |  | &nbsp;&nbsp;&nbsp; 670523 |
| **Computers — 0.0%** | **Computers — 0.0%** | **Computers — 0.0%** |
| McAfee Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 02/15/30 (144A) | 250000 | &nbsp;&nbsp;&nbsp; 206548 |
| **Diversified Financial Services — 0.2%** | **Diversified Financial Services — 0.2%** | **Diversified Financial Services — 0.2%** |
| CrossCountry Intermediate HoldCo LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/01/30 (144A) | 250000 | &nbsp;&nbsp;&nbsp; 238285 |

---

**BHFTII-137**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Balanced Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Diversified Financial Services—(Continued)** | **Diversified Financial Services—(Continued)** | **Diversified Financial Services—(Continued)** |
| Equitable America Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 09/15/32 (144A) | 110000 | &nbsp;&nbsp;&nbsp; $106834 |
| Freedom Mortgage Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 04/01/33 (144A) | 120000 | &nbsp;&nbsp;&nbsp; 112509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 02/01/29 (144A) | 110000 | &nbsp;&nbsp;&nbsp; 111495 |
| goeasy Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 02/15/31 (144A) (b) | 125000 | &nbsp;&nbsp;&nbsp; 100563 |
| RFNA LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 02/15/30 (144A) (b) | 200000 | &nbsp;&nbsp;&nbsp; 191139 |
| Synchrony Financial |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 10/28/31 | 190000 | &nbsp;&nbsp;&nbsp; 165758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.947%, SOFR + 1.530%, 02/25/32 (e) | 180000 | &nbsp;&nbsp;&nbsp; 174691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, SOFR + 1.680%, 03/06/31 (e) | 235000 | &nbsp;&nbsp;&nbsp; 234805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, SOFR + 2.070%, 07/29/36 (b) (e) | 385000 | &nbsp;&nbsp;&nbsp; 379734 |
|  |  | &nbsp;&nbsp;&nbsp; 1815813 |
| **Electric — 1.3%** | **Electric — 1.3%** | **Electric — 1.3%** |
| AES Andes SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/14/32 (144A) | 205000 | &nbsp;&nbsp;&nbsp; 210267 |
| Alabama Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.450%, 10/01/49 | 245000 | &nbsp;&nbsp;&nbsp; 170283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 08/15/44 | 130000 | &nbsp;&nbsp;&nbsp; 105795 |
| Arizona Public Service Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 08/15/34 | 180000 | &nbsp;&nbsp;&nbsp; 186289 |
| Clearway Energy Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 02/15/31 (144A) | 130000 | &nbsp;&nbsp;&nbsp; 120377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 03/15/28 (144A) | 120000 | &nbsp;&nbsp;&nbsp; 118399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 01/15/34 (144A) | 25000 | &nbsp;&nbsp;&nbsp; 24568 |
| Cleco Corporate Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 09/15/29 | 85000 | &nbsp;&nbsp;&nbsp; 79454 |
| Consolidated Edison Co. of New York, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 12/01/51 | 250000 | &nbsp;&nbsp;&nbsp; 163074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/15/55 | 110000 | &nbsp;&nbsp;&nbsp; 104532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 11/15/55 | 150000 | &nbsp;&nbsp;&nbsp; 148051 |
| Dominion Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 5Y H15 + 2.262%, 02/15/56 (e) | 430000 | &nbsp;&nbsp;&nbsp; 427260 |
| Duke Energy Carolinas LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 12/15/41 | 205000 | &nbsp;&nbsp;&nbsp; 175847 |
| Duke Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.550%, 06/15/31 (b) | 340000 | &nbsp;&nbsp;&nbsp; 305689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 06/15/41 | 90000 | &nbsp;&nbsp;&nbsp; 67670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/15/32 | 40000 | &nbsp;&nbsp;&nbsp; 39370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 09/15/35 | 540000 | &nbsp;&nbsp;&nbsp; 526416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 06/15/34 (b) | 50000 | &nbsp;&nbsp;&nbsp; 51107 |
| Duke Energy Florida LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 06/15/30 | 245000 | &nbsp;&nbsp;&nbsp; 219228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 12/01/35 | 55000 | &nbsp;&nbsp;&nbsp; 53982 |
| Duke Energy Indiana LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 04/01/50 | 145000 | &nbsp;&nbsp;&nbsp; 88138 |
| Duke Energy Progress LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 03/30/44 | 320000 | &nbsp;&nbsp;&nbsp; 271496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 03/15/55 | 60000 | &nbsp;&nbsp;&nbsp; 57962 |
| Edison International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 03/15/31 | 265000 | &nbsp;&nbsp;&nbsp; 258685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/15/32 | 74000 | &nbsp;&nbsp;&nbsp; 73239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/15/30 | 325000 | &nbsp;&nbsp;&nbsp; 336703 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Electric—(Continued)** | **Electric—(Continued)** | **Electric—(Continued)** |
| Eversource Energy |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 12/15/30 | 355000 | &nbsp;&nbsp;&nbsp; $350166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 05/15/33 | 400000 | &nbsp;&nbsp;&nbsp; 398666 |
| Georgia Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 03/15/42 | 70000 | &nbsp;&nbsp;&nbsp; 60393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 03/15/30 | 65000 | &nbsp;&nbsp;&nbsp; 65257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 03/15/31 (b) | 490000 | &nbsp;&nbsp;&nbsp; 496093 |
| Jersey Central Power & Light Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 01/15/35 (b) | 55000 | &nbsp;&nbsp;&nbsp; 54976 |
| NSTAR Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 03/01/35 | 100000 | &nbsp;&nbsp;&nbsp; 100623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 06/01/34 | 90000 | &nbsp;&nbsp;&nbsp; 91992 |
| Ohio Edison Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/15/33 (144A) | 95000 | &nbsp;&nbsp;&nbsp; 97804 |
| Pacific Gas & Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/31 | 580000 | &nbsp;&nbsp;&nbsp; 519799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 08/01/40 | 85000 | &nbsp;&nbsp;&nbsp; 63568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/50 | 90000 | &nbsp;&nbsp;&nbsp; 59507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 03/15/45 | 107000 | &nbsp;&nbsp;&nbsp; 83575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 07/01/30 | 225000 | &nbsp;&nbsp;&nbsp; 221950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 06/15/43 | 45000 | &nbsp;&nbsp;&nbsp; 37026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/15/44 | 85000 | &nbsp;&nbsp;&nbsp; 70820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 10/15/32 | 110000 | &nbsp;&nbsp;&nbsp; 109285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 05/15/34 | 600000 | &nbsp;&nbsp;&nbsp; 614814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 06/15/32 | 180000 | &nbsp;&nbsp;&nbsp; 186377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 01/15/29 | 85000 | &nbsp;&nbsp;&nbsp; 87956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 01/15/33 | 236000 | &nbsp;&nbsp;&nbsp; 246761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 04/01/53 | 50000 | &nbsp;&nbsp;&nbsp; 51754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 01/15/53 | 250000 | &nbsp;&nbsp;&nbsp; 259397 |
| PacifiCorp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 01/15/49 | 86000 | &nbsp;&nbsp;&nbsp; 63045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 04/15/33 | 100000 | &nbsp;&nbsp;&nbsp; 100321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 04/15/36 | 80000 | &nbsp;&nbsp;&nbsp; 80641 |
| PG&E Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.850%, 5Y H15 + 3.225%, 09/15/56 (e) | 195000 | &nbsp;&nbsp;&nbsp; 192685 |
| Pinnacle West Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 05/15/28 | 293000 | &nbsp;&nbsp;&nbsp; 295203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 05/15/30 | 257000 | &nbsp;&nbsp;&nbsp; 260779 |
| Public Service Co. of Oklahoma |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 01/15/35 | 460000 | &nbsp;&nbsp;&nbsp; 457571 |
| Public Service Enterprise Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 04/01/34 | 35000 | &nbsp;&nbsp;&nbsp; 35528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 10/15/33 | 110000 | &nbsp;&nbsp;&nbsp; 116506 |
| Puget Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.725%, 03/15/35 | 660000 | &nbsp;&nbsp;&nbsp; 664802 |
| Southern California Edison Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 06/01/30 | 110000 | &nbsp;&nbsp;&nbsp; 99512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, 02/01/50 | 50000 | &nbsp;&nbsp;&nbsp; 34293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 03/15/43 | 40000 | &nbsp;&nbsp;&nbsp; 30203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/47 | 233000 | &nbsp;&nbsp;&nbsp; 173102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 03/01/48 | 309000 | &nbsp;&nbsp;&nbsp; 231270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 06/01/29 | 230000 | &nbsp;&nbsp;&nbsp; 233231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 06/01/52 | 179000 | &nbsp;&nbsp;&nbsp; 158606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 03/01/53 | 170000 | &nbsp;&nbsp;&nbsp; 156067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 12/01/53 | 100000 | &nbsp;&nbsp;&nbsp; 94565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 03/01/55 | 21000 | &nbsp;&nbsp;&nbsp; 20016 |

---

**BHFTII-138**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Balanced Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Electric—(Continued)** | **Electric—(Continued)** | **Electric—(Continued)** |
| Southern California Edison Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/15/34 | 90000 | &nbsp;&nbsp;&nbsp; $93830 |
| Southern Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 10/01/35 | 170000 | &nbsp;&nbsp;&nbsp; 164406 |
| Southwestern Electric Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 04/01/36 | 90000 | &nbsp;&nbsp;&nbsp; 88501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 04/01/33 | 25000 | &nbsp;&nbsp;&nbsp; 25351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 04/01/56 | 135000 | &nbsp;&nbsp;&nbsp; 131376 |
| Trans-Allegheny Interstate Line Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/15/31 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 101583 |
| Virginia Electric & Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.450%, 12/15/50 | 91000 | &nbsp;&nbsp;&nbsp; 50724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 05/15/45 | 20000 | &nbsp;&nbsp;&nbsp; 16027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 09/15/35 | 105000 | &nbsp;&nbsp;&nbsp; 102730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 03/15/36 | 780000 | &nbsp;&nbsp;&nbsp; 760339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 03/15/35 | 105000 | &nbsp;&nbsp;&nbsp; 104791 |
| WEC Energy Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/15/28 | 290000 | &nbsp;&nbsp;&nbsp; 292122 |
| Xcel Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 03/21/28 | 170000 | &nbsp;&nbsp;&nbsp; 170873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 04/15/35 | 180000 | &nbsp;&nbsp;&nbsp; 182926 |
| XPLR Infrastructure Operating Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 01/15/29 (144A) (b) | 250000 | &nbsp;&nbsp;&nbsp; 257291 |
|  |  | &nbsp;&nbsp;&nbsp; 14753256 |
| **Electronics — 0.0%** | **Electronics — 0.0%** | **Electronics — 0.0%** |
| Imola Merger Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 05/15/29 (144A) | 250000 | &nbsp;&nbsp;&nbsp; 242983 |
| **Entertainment — 0.1%** | **Entertainment — 0.1%** | **Entertainment — 0.1%** |
| Cinemark USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 08/01/32 (144A) | 250000 | &nbsp;&nbsp;&nbsp; 256872 |
| Great Canadian Gaming Corp./Raptor LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 11/15/29 (144A) | 120000 | &nbsp;&nbsp;&nbsp; 117073 |
| Penn Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 07/01/29 (144A) (b) | 130000 | &nbsp;&nbsp;&nbsp; 121576 |
|  |  | &nbsp;&nbsp;&nbsp; 495521 |
| **Food — 0.2%** | **Food — 0.2%** | **Food — 0.2%** |
| Bellis Acquisition Co. PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 05/14/30 (GBP) | 150000 | &nbsp;&nbsp;&nbsp; 183088 |
| Flowers Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 03/15/55 | 15000 | &nbsp;&nbsp;&nbsp; 12167 |
| Froneri Lux FinCo SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/01/32 (144A) | 250000 | &nbsp;&nbsp;&nbsp; 243722 |
| Industrial F&B Investments III, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 02/11/33 (144A) | 95000 | &nbsp;&nbsp;&nbsp; 95983 |
| &nbsp;&nbsp;&nbsp;&nbsp; JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. <br> Holdings<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/15/36 | 165000 | &nbsp;&nbsp;&nbsp; 165076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/01/56 | 55000 | &nbsp;&nbsp;&nbsp; 53917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 04/15/66 | 645000 | &nbsp;&nbsp;&nbsp; 632914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/15/34 | 140000 | &nbsp;&nbsp;&nbsp; 153979 |
| Mars, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 03/01/30 (144A) | 65000 | &nbsp;&nbsp;&nbsp; 65684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 03/01/35 (144A) | 125000 | &nbsp;&nbsp;&nbsp; 126190 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Food—(Continued)** | **Food—(Continued)** | **Food—(Continued)** |
| Mars, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 05/01/45 (144A) | 910000 | &nbsp;&nbsp;&nbsp; $898640 |
|  |  | &nbsp;&nbsp;&nbsp; 2631360 |
| **Gas — 0.1%** | **Gas — 0.1%** | **Gas — 0.1%** |
| NiSource, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 07/15/35 (b) | 360000 | &nbsp;&nbsp;&nbsp; 362449 |
| Southern California Gas Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/15/55 (b) | 375000 | &nbsp;&nbsp;&nbsp; 375329 |
| Southern Co. Gas Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 09/15/35 | 145000 | &nbsp;&nbsp;&nbsp; 143110 |
| Venture Global Plaquemines LNG LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 05/01/33 (144A) | 210000 | &nbsp;&nbsp;&nbsp; 230833 |
|  |  | &nbsp;&nbsp;&nbsp; 1111721 |
| **Healthcare-Products — 0.2%** | **Healthcare-Products — 0.2%** | **Healthcare-Products — 0.2%** |
| Augusta SpinCo Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.656%, 03/23/31 | 165000 | &nbsp;&nbsp;&nbsp; 164244 |
| Avantor Funding, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 11/01/29 (144A) | 295000 | &nbsp;&nbsp;&nbsp; 276767 |
| Baxter International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.539%, 02/01/32 | 115000 | &nbsp;&nbsp;&nbsp; 96930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 12/15/30 | 480000 | &nbsp;&nbsp;&nbsp; 473812 |
| Thermo Fisher Scientific, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.473%, 10/07/32 | 638000 | &nbsp;&nbsp;&nbsp; 631307 |
|  |  | &nbsp;&nbsp;&nbsp; 1643060 |
| **Healthcare-Services — 0.2%** | **Healthcare-Services — 0.2%** | **Healthcare-Services — 0.2%** |
| Acadia Healthcare Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/15/29 (144A) (b) | 60000 | &nbsp;&nbsp;&nbsp; 58417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 03/15/33 (144A) (b) | 110000 | &nbsp;&nbsp;&nbsp; 112621 |
| Centene Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/31 | 715000 | &nbsp;&nbsp;&nbsp; 599994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 08/01/31 | 30000 | &nbsp;&nbsp;&nbsp; 25084 |
| CHS/Community Health Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/15/31 (144A) | 70000 | &nbsp;&nbsp;&nbsp; 64535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/15/29 (144A) | 70000 | &nbsp;&nbsp;&nbsp; 67315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.875%, 01/15/32 (144A) | 48000 | &nbsp;&nbsp;&nbsp; 51497 |
| Humana, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 05/01/35 | 150000 | &nbsp;&nbsp;&nbsp; 148321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 03/15/34 | 74000 | &nbsp;&nbsp;&nbsp; 75464 |
| Icon Investments Six DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/08/34 (b) | 200000 | &nbsp;&nbsp;&nbsp; 202600 |
| Star Parent, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 10/01/30 (144A) | 220000 | &nbsp;&nbsp;&nbsp; 227920 |
|  |  | &nbsp;&nbsp;&nbsp; 1633768 |
| **Insurance — 0.0%** | **Insurance — 0.0%** | **Insurance — 0.0%** |
| Asurion LLC/Asurion Co-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 12/31/32 (144A) | 70000 | &nbsp;&nbsp;&nbsp; 72621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 02/01/34 (144A) | 70000 | &nbsp;&nbsp;&nbsp; 67961 |
| Lincoln National Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 11/15/35 (b) | 310000 | &nbsp;&nbsp;&nbsp; 302158 |
|  |  | &nbsp;&nbsp;&nbsp; 442740 |

---

**BHFTII-139**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Balanced Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Internet — 0.3%** | **Internet — 0.3%** | **Internet — 0.3%** |
| Alphabet, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 05/15/65 | 570000 | &nbsp;&nbsp;&nbsp; $527609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 11/15/75 | 465000 | &nbsp;&nbsp;&nbsp; 450663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 02/15/66 | 115000 | &nbsp;&nbsp;&nbsp; 113889 |
| Amazon.com, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 11/20/65 | 165000 | &nbsp;&nbsp;&nbsp; 155899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 03/13/66 | 510000 | &nbsp;&nbsp;&nbsp; 511672 |
| Meta Platforms, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/15/45 | 20000 | &nbsp;&nbsp;&nbsp; 18926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 08/15/64 | 335000 | &nbsp;&nbsp;&nbsp; 301084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 11/15/65 (b) | 635000 | &nbsp;&nbsp;&nbsp; 589790 |
| Uber Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 09/15/35 | 315000 | &nbsp;&nbsp;&nbsp; 305662 |
| United Group BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/31/31 (144A) (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 113858 |
| Wayfair LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 10/31/29 (144A) | 250000 | &nbsp;&nbsp;&nbsp; 255196 |
|  |  | &nbsp;&nbsp;&nbsp; 3344248 |
| **Investment Companies — 0.2%** | **Investment Companies — 0.2%** | **Investment Companies — 0.2%** |
| ARES Strategic Income Fund |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 01/15/31 (144A) (b) | 410000 | &nbsp;&nbsp;&nbsp; 387233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 04/15/31 (144A) (b) | 415000 | &nbsp;&nbsp;&nbsp; 397561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 09/09/30 (144A) | 320000 | &nbsp;&nbsp;&nbsp; 311164 |
| HPS Corporate Lending Fund |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 11/15/30 (144A) | 95000 | &nbsp;&nbsp;&nbsp; 90842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 04/02/31 (144A) | 640000 | &nbsp;&nbsp;&nbsp; 613949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 06/05/30 (144A) | 240000 | &nbsp;&nbsp;&nbsp; 234251 |
|  |  | &nbsp;&nbsp;&nbsp; 2035000 |
| **Leisure Time — 0.0%** | **Leisure Time — 0.0%** | **Leisure Time — 0.0%** |
| NCL Corp. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/01/30 (144A) (b) | 120000 | &nbsp;&nbsp;&nbsp; 119111 |
| **Machinery-Diversified — 0.0%** | **Machinery-Diversified — 0.0%** | **Machinery-Diversified — 0.0%** |
| Westinghouse Air Brake Technologies Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 05/29/30 | 290000 | &nbsp;&nbsp;&nbsp; 293039 |
| **Media — 0.3%** | **Media — 0.3%** | **Media — 0.3%** |
| CCO Holdings LLC/CCO Holdings Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/01/31 (144A) | 300000 | &nbsp;&nbsp;&nbsp; 273436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 02/01/36 (144A) | 75000 | &nbsp;&nbsp;&nbsp; 74688 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications <br> Operating Capital<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/42 | 30000 | &nbsp;&nbsp;&nbsp; 20536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 04/01/51 | 100000 | &nbsp;&nbsp;&nbsp; 61891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 07/01/49 | 300000 | &nbsp;&nbsp;&nbsp; 230334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 04/01/48 | 140000 | &nbsp;&nbsp;&nbsp; 116760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.384%, 10/23/35 (b) | 165000 | &nbsp;&nbsp;&nbsp; 167555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.484%, 10/23/45 | 395000 | &nbsp;&nbsp;&nbsp; 364176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.650%, 02/01/34 | 80000 | &nbsp;&nbsp;&nbsp; 83451 |
| Comcast Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.800%, 01/15/51 | 90000 | &nbsp;&nbsp;&nbsp; 51485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.887%, 11/01/51 | 442000 | &nbsp;&nbsp;&nbsp; 255505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.937%, 11/01/56 | 5000 | &nbsp;&nbsp;&nbsp; 2770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.987%, 11/01/63 | 157000 | &nbsp;&nbsp;&nbsp; 83131 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Media—(Continued)** | **Media—(Continued)** | **Media—(Continued)** |
| Comcast Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 07/15/46 | 55000 | &nbsp;&nbsp;&nbsp; $37511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 04/01/40 | 35000 | &nbsp;&nbsp;&nbsp; 28375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.969%, 11/01/47 | 45000 | &nbsp;&nbsp;&nbsp; 33113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.999%, 11/01/49 | 18000 | &nbsp;&nbsp;&nbsp; 13051 |
| Cox Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.600%, 06/15/31 (144A) (b) | 80000 | &nbsp;&nbsp;&nbsp; 70840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 09/01/34 (144A) | 20000 | &nbsp;&nbsp;&nbsp; 19195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 09/01/54 (144A) (b) | 285000 | &nbsp;&nbsp;&nbsp; 248643 |
| Directv Financing LLC/Directv Financing Co-Obligor, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 02/15/31 (144A) | 120000 | &nbsp;&nbsp;&nbsp; 122500 |
| Paramount Global |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 03/15/43 | 486000 | &nbsp;&nbsp;&nbsp; 293917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 05/19/50 (b) | 350000 | &nbsp;&nbsp;&nbsp; 208939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 04/01/44 | 250000 | &nbsp;&nbsp;&nbsp; 158194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 09/01/43 | 443000 | &nbsp;&nbsp;&nbsp; 307560 |
| Scripps Escrow II, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 01/15/29 (144A) | 250000 | &nbsp;&nbsp;&nbsp; 231236 |
| Time Warner Cable LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/15/42 | 200000 | &nbsp;&nbsp;&nbsp; 150190 |
|  |  | &nbsp;&nbsp;&nbsp; 3708982 |
| **Mining — 0.1%** | **Mining — 0.1%** | **Mining — 0.1%** |
| Anglo American Capital PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 03/16/29 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 195963 |
| Glencore Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.371%, 04/04/29 (144A) | 80000 | &nbsp;&nbsp;&nbsp; 81664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.634%, 04/04/34 (144A) | 110000 | &nbsp;&nbsp;&nbsp; 112582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 10/06/30 (144A) | 355000 | &nbsp;&nbsp;&nbsp; 376595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/06/33 (144A) (b) | 110000 | &nbsp;&nbsp;&nbsp; 119029 |
| Kaiser Aluminum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/31 (144A) (b) | 125000 | &nbsp;&nbsp;&nbsp; 118092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/01/34 (144A) | 120000 | &nbsp;&nbsp;&nbsp; 117824 |
| Rio Tinto Alcan, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 12/15/33 | 150000 | &nbsp;&nbsp;&nbsp; 160948 |
|  |  | &nbsp;&nbsp;&nbsp; 1282697 |
| **Oil & Gas — 0.4%** | **Oil & Gas — 0.4%** | **Oil & Gas — 0.4%** |
| Aker BP ASA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/15/31 (144A) | 240000 | &nbsp;&nbsp;&nbsp; 230229 |
| ConocoPhillips Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 03/15/52 | 274000 | &nbsp;&nbsp;&nbsp; 200170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.025%, 03/15/62 | 30000 | &nbsp;&nbsp;&nbsp; 21610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 01/15/65 | 80000 | &nbsp;&nbsp;&nbsp; 76071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 09/15/63 | 215000 | &nbsp;&nbsp;&nbsp; 206917 |
| Diamondback Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 04/18/34 | 220000 | &nbsp;&nbsp;&nbsp; 223343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 04/18/64 (b) | 275000 | &nbsp;&nbsp;&nbsp; 260216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/15/53 | 65000 | &nbsp;&nbsp;&nbsp; 65740 |
| Ecopetrol SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 02/01/32 | 465000 | &nbsp;&nbsp;&nbsp; 469587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 01/19/36 | 320000 | &nbsp;&nbsp;&nbsp; 324439 |
| Energean Israel Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/30/31 (144A) | 310000 | &nbsp;&nbsp;&nbsp; 287960 |
| Matador Resources Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/15/32 (144A) | 250000 | &nbsp;&nbsp;&nbsp; 252722 |

---

**BHFTII-140**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Balanced Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Oil & Gas—(Continued)** | **Oil & Gas—(Continued)** | **Oil & Gas—(Continued)** |
| Petroleos Mexicanos |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 01/28/31 | 600000 | &nbsp;&nbsp;&nbsp; $572728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.350%, 02/12/48 | 505000 | &nbsp;&nbsp;&nbsp; 386377 |
| Saudi Arabian Oil Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/02/56 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 188376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 06/02/55 (144A) | 400000 | &nbsp;&nbsp;&nbsp; 397383 |
| SM Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 08/01/29 (144A) (b) | 250000 | &nbsp;&nbsp;&nbsp; 253787 |
| Talos Production, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 02/01/29 (144A) | 182000 | &nbsp;&nbsp;&nbsp; 189446 |
| TotalEnergies Capital SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.425%, 09/10/64 | 30000 | &nbsp;&nbsp;&nbsp; 27894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.638%, 04/05/64 | 310000 | &nbsp;&nbsp;&nbsp; 297469 |
|  |  | &nbsp;&nbsp;&nbsp; 4932464 |
| **Oil & Gas Services — 0.0%** | **Oil & Gas Services — 0.0%** | **Oil & Gas Services — 0.0%** |
| USA Compression Partners LP/USA Compression Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/01/33 (144A) (b) | 120000 | &nbsp;&nbsp;&nbsp; 119623 |
| **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** |
| Clydesdale Acquisition Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 04/15/29 (144A) | 120000 | &nbsp;&nbsp;&nbsp; 117847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 04/15/30 (144A) (b) | 120000 | &nbsp;&nbsp;&nbsp; 111969 |
| Mauser Packaging Solutions Holding Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 04/15/30 (144A) (b) | 250000 | &nbsp;&nbsp;&nbsp; 232292 |
| TriMas Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 04/15/29 (144A) | 155000 | &nbsp;&nbsp;&nbsp; 147491 |
|  |  | &nbsp;&nbsp;&nbsp; 609599 |
| **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** |
| Cardinal Health, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/15/30 | 425000 | &nbsp;&nbsp;&nbsp; 422754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/15/29 | 445000 | &nbsp;&nbsp;&nbsp; 451691 |
| Teva Pharmaceutical Finance Netherlands III BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/32 | 200000 | &nbsp;&nbsp;&nbsp; 205268 |
| Viatris, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 06/22/40 | 315000 | &nbsp;&nbsp;&nbsp; 239075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/22/50 | 305000 | &nbsp;&nbsp;&nbsp; 199899 |
|  |  | &nbsp;&nbsp;&nbsp; 1518687 |
| **Pipelines — 0.5%** | **Pipelines — 0.5%** | **Pipelines — 0.5%** |
| Buckeye Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 02/01/30 (144A) | 250000 | &nbsp;&nbsp;&nbsp; 258003 |
| Columbia Pipelines Holding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.999%, 11/17/32 (144A) | 240000 | &nbsp;&nbsp;&nbsp; 238419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.097%, 10/01/31 (144A) | 62000 | &nbsp;&nbsp;&nbsp; 62335 |
| Enbridge, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 03/27/31 | 75000 | &nbsp;&nbsp;&nbsp; 75303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 03/27/36 | 300000 | &nbsp;&nbsp;&nbsp; 302585 |
| Energy Transfer LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/50 | 141000 | &nbsp;&nbsp;&nbsp; 117013 |
| Enterprise Products Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 01/31/51 | 64000 | &nbsp;&nbsp;&nbsp; 46285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 05/15/46 | 56000 | &nbsp;&nbsp;&nbsp; 50065 |
| Galaxy Pipeline Assets Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 03/31/36 | 200000 | &nbsp;&nbsp;&nbsp; 170048 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Pipelines—(Continued)** | **Pipelines—(Continued)** | **Pipelines—(Continued)** |
| Galaxy Pipeline Assets Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.940%, 09/30/40 (144A) | 309852 | &nbsp;&nbsp;&nbsp; $250524 |
| Greensaif Pipelines Bidco SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.853%, 02/23/36 (144A) | 225000 | &nbsp;&nbsp;&nbsp; 225500 |
| Hess Midstream Operations LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/15/30 (144A) | 460000 | &nbsp;&nbsp;&nbsp; 442031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/01/29 (144A) | 290000 | &nbsp;&nbsp;&nbsp; 296242 |
| MPLX LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/15/33 | 400000 | &nbsp;&nbsp;&nbsp; 397065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/34 | 560000 | &nbsp;&nbsp;&nbsp; 565763 |
| Northriver Midstream Finance LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 07/15/32 (144A) (b) | 250000 | &nbsp;&nbsp;&nbsp; 250738 |
| ONEOK, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 10/15/31 | 160000 | &nbsp;&nbsp;&nbsp; 158300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 11/01/34 | 430000 | &nbsp;&nbsp;&nbsp; 418259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 10/15/35 | 40000 | &nbsp;&nbsp;&nbsp; 39736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.050%, 09/01/33 | 160000 | &nbsp;&nbsp;&nbsp; 167780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 11/15/32 | 105000 | &nbsp;&nbsp;&nbsp; 110615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 09/01/53 (b) | 30000 | &nbsp;&nbsp;&nbsp; 30786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.150%, 01/15/51 | 15000 | &nbsp;&nbsp;&nbsp; 16176 |
| Rockies Express Pipeline LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/15/33 (144A) | 120000 | &nbsp;&nbsp;&nbsp; 123527 |
| Targa Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 04/15/31 | 135000 | &nbsp;&nbsp;&nbsp; 132159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 07/30/36 | 270000 | &nbsp;&nbsp;&nbsp; 268029 |
| &nbsp;&nbsp;&nbsp;&nbsp; Targa Resources Partners LP/Targa Resources Partners Finance <br> Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/15/32 | 70000 | &nbsp;&nbsp;&nbsp; 66339 |
| Williams Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 03/15/36 | 200000 | &nbsp;&nbsp;&nbsp; 197023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 03/15/33 | 70000 | &nbsp;&nbsp;&nbsp; 72292 |
|  |  | &nbsp;&nbsp;&nbsp; 5548940 |
| **Real Estate Investment Trusts — 0.1%** | **Real Estate Investment Trusts — 0.1%** | **Real Estate Investment Trusts — 0.1%** |
| Hudson Pacific Properties LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 04/01/29 (b) | 130000 | &nbsp;&nbsp;&nbsp; 110875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 02/15/28 (b) | 120000 | &nbsp;&nbsp;&nbsp; 113803 |
| Kilroy Realty LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 10/15/35 (b) | 630000 | &nbsp;&nbsp;&nbsp; 607371 |
| Prologis Targeted U.S. Logistics Fund LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 01/15/31 (144A) | 140000 | &nbsp;&nbsp;&nbsp; 136963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/15/36 (144A) | 260000 | &nbsp;&nbsp;&nbsp; 249338 |
|  |  | &nbsp;&nbsp;&nbsp; 1218350 |
| **Retail — 0.1%** | **Retail — 0.1%** | **Retail — 0.1%** |
| Bertrand Franchise Finance SAS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.776%, 3M EURIBOR + 3.750%, 07/18/30 (EUR) (e) | 210000 | &nbsp;&nbsp;&nbsp; 235713 |
| CD&R Firefly Bidco PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 04/30/29 (GBP) | 170000 | &nbsp;&nbsp;&nbsp; 228752 |
| LBM Acquisition LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 06/15/31 (144A) | 135000 | &nbsp;&nbsp;&nbsp; 117510 |
| Petco Health & Wellness Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 02/01/31 (144A) (b) | 189000 | &nbsp;&nbsp;&nbsp; 188741 |
| Specialty Building Products Holdings LLC/SBP Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 10/15/29 (144A) (b) | 160000 | &nbsp;&nbsp;&nbsp; 138911 |

---

**BHFTII-141**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Balanced Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Retail—(Continued)** | **Retail—(Continued)** | **Retail—(Continued)** |
| Staples, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.750%, 09/01/29 (144A) | 143000 | &nbsp;&nbsp;&nbsp; $132249 |
|  |  | &nbsp;&nbsp;&nbsp; 1041876 |
| **Semiconductors — 0.2%** | **Semiconductors — 0.2%** | **Semiconductors — 0.2%** |
| Broadcom, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 10/15/30 | 275000 | &nbsp;&nbsp;&nbsp; 271804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 07/12/29 | 35000 | &nbsp;&nbsp;&nbsp; 35724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 07/15/35 | 330000 | &nbsp;&nbsp;&nbsp; 332573 |
| Foundry JV Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 01/25/33 (144A) | 225000 | &nbsp;&nbsp;&nbsp; 231325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 01/25/32 (144A) | 430000 | &nbsp;&nbsp;&nbsp; 448914 |
| Intel Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 02/15/60 | 95000 | &nbsp;&nbsp;&nbsp; 52480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 11/15/49 | 377000 | &nbsp;&nbsp;&nbsp; 238188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.734%, 12/08/47 | 685000 | &nbsp;&nbsp;&nbsp; 478659 |
| Qorvo, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 04/01/31 (144A) | 385000 | &nbsp;&nbsp;&nbsp; 348225 |
|  |  | &nbsp;&nbsp;&nbsp; 2437892 |
| **Software — 0.5%** | **Software — 0.5%** | **Software — 0.5%** |
| AthenaHealth Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/15/30 (144A) | 121000 | &nbsp;&nbsp;&nbsp; 113573 |
| Open Text Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 12/01/29 (144A) | 340000 | &nbsp;&nbsp;&nbsp; 303843 |
| Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 04/01/40 | 51000 | &nbsp;&nbsp;&nbsp; 36974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 04/01/50 | 385000 | &nbsp;&nbsp;&nbsp; 232435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, 03/25/41 | 49000 | &nbsp;&nbsp;&nbsp; 34872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 04/01/60 | 395000 | &nbsp;&nbsp;&nbsp; 232447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 03/25/51 | 260000 | &nbsp;&nbsp;&nbsp; 164750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 03/25/61 | 35000 | &nbsp;&nbsp;&nbsp; 21522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 07/08/34 | 117000 | &nbsp;&nbsp;&nbsp; 103751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 09/27/34 (b) | 295000 | &nbsp;&nbsp;&nbsp; 269223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 09/26/32 | 1200000 | &nbsp;&nbsp;&nbsp; 1142818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 02/06/33 | 50000 | &nbsp;&nbsp;&nbsp; 47384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 05/04/33 | 355000 | &nbsp;&nbsp;&nbsp; 345585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/27/64 | 115000 | &nbsp;&nbsp;&nbsp; 88068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 02/06/53 (b) | 74000 | &nbsp;&nbsp;&nbsp; 59042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/03/55 (b) | 105000 | &nbsp;&nbsp;&nbsp; 88030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 09/26/65 | 95000 | &nbsp;&nbsp;&nbsp; 78772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.850%, 02/04/66 | 475000 | &nbsp;&nbsp;&nbsp; 436678 |
| Rocket Software, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/15/29 (144A) | 174000 | &nbsp;&nbsp;&nbsp; 156599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 11/28/28 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 99850 |
| Salesforce, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 03/15/29 | 265000 | &nbsp;&nbsp;&nbsp; 265549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 03/15/33 | 340000 | &nbsp;&nbsp;&nbsp; 339419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.400%, 03/15/46 | 720000 | &nbsp;&nbsp;&nbsp; 724984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 03/15/66 | 340000 | &nbsp;&nbsp;&nbsp; 345580 |
|  |  | &nbsp;&nbsp;&nbsp; 5731748 |
| **Telecommunications — 0.2%** | **Telecommunications — 0.2%** | **Telecommunications — 0.2%** |
| Altice France SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/15/32 (144A) | 249990 | &nbsp;&nbsp;&nbsp; 236862 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Telecommunications—(Continued)** | **Telecommunications—(Continued)** | **Telecommunications—(Continued)** |
| EchoStar Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 6.750% PIK, 11/30/30 (j) | 250000 | &nbsp;&nbsp;&nbsp; $252440 |
| Iliad Holding SAS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/15/31 (EUR) | 200000 | &nbsp;&nbsp;&nbsp; 240831 |
| Level 3 Financing, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 03/31/34 (144A) | 120000 | &nbsp;&nbsp;&nbsp; 122830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 01/15/36 (144A) | 90000 | &nbsp;&nbsp;&nbsp; 93907 |
| NTT Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.171%, 07/16/32 (144A) | 240000 | &nbsp;&nbsp;&nbsp; 241756 |
| Orange SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 01/13/31 (144A) | 470000 | &nbsp;&nbsp;&nbsp; 461038 |
| T-Mobile USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.550%, 02/15/31 | 165000 | &nbsp;&nbsp;&nbsp; 149938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/15/31 | 90000 | &nbsp;&nbsp;&nbsp; 85120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 07/15/33 | 105000 | &nbsp;&nbsp;&nbsp; 105727 |
| WULF Compute LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 10/15/30 (144A) | 130000 | &nbsp;&nbsp;&nbsp; 137368 |
|  |  | &nbsp;&nbsp;&nbsp; 2127817 |
| **Transportation — 0.0%** | **Transportation — 0.0%** | **Transportation — 0.0%** |
| FedEx Freight Holding Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 03/15/31 (144A) | 220000 | &nbsp;&nbsp;&nbsp; 216230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 03/15/33 (144A) | 205000 | &nbsp;&nbsp;&nbsp; 199937 |
|  |  | &nbsp;&nbsp;&nbsp; 416167 |
| **Trucking & Leasing — 0.0%** | **Trucking & Leasing — 0.0%** | **Trucking & Leasing — 0.0%** |
| Penske Truck Leasing Co. LP/PTL Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 01/15/31 (144A) | 225000 | &nbsp;&nbsp;&nbsp; 222542 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $80,689,850) <br>|  | &nbsp;&nbsp;&nbsp; 78409036 |
| **Non-Agency Mortgage-Backed Securities—4.6%** | **Non-Agency Mortgage-Backed Securities—4.6%** | **Non-Agency Mortgage-Backed Securities—4.6%** |
| **Collateralized Mortgage Obligations — 2.4%** | **Collateralized Mortgage Obligations — 2.4%** | **Collateralized Mortgage Obligations — 2.4%** |
| A&D Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.114%, 02/25/71 (144A) (k) | 98761 | &nbsp;&nbsp;&nbsp; 97642 |
| Angel Oak Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.951%, 07/25/66 (144A) (e) | 444988 | &nbsp;&nbsp;&nbsp; 387211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.985%, 04/25/66 (144A) (e) | 190532 | &nbsp;&nbsp;&nbsp; 165179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.990%, 04/25/53 (144A) (e) | 85305 | &nbsp;&nbsp;&nbsp; 82349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.068%, 05/25/66 (144A) (e) | 364377 | &nbsp;&nbsp;&nbsp; 316162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.820%, 11/25/66 (144A) (e) | 334389 | &nbsp;&nbsp;&nbsp; 299013 |
| Arroyo Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.347%, 04/25/49 (144A) (e) | 145152 | &nbsp;&nbsp;&nbsp; 141233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.495%, 12/25/56 (144A) (k) | 422258 | &nbsp;&nbsp;&nbsp; 410932 |
| Barclays Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.190%, 12/25/65 (144A) (k) | 437427 | &nbsp;&nbsp;&nbsp; 435267 |
| BINOM Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.034%, 06/25/56 (144A) (e) | 199756 | &nbsp;&nbsp;&nbsp; 183937 |
| BRAVO Residential Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.941%, 02/25/49 (144A) (e) | 86341 | &nbsp;&nbsp;&nbsp; 81765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.970%, 03/25/60 (144A) (e) | 26461 | &nbsp;&nbsp;&nbsp; 26083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.104%, 12/25/65 (144A) (k) | 147697 | &nbsp;&nbsp;&nbsp; 146507 |
| COLT Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.910%, 06/25/66 (144A) (e) | 286148 | &nbsp;&nbsp;&nbsp; 248991 |

---

**BHFTII-142**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Balanced Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Non-Agency Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** |
| COLT Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.956%, 09/27/66 (144A) (e) | 555042 | &nbsp;&nbsp;&nbsp; $464329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.758%, 02/25/71 (144A) (e) | 263973 | &nbsp;&nbsp;&nbsp; 262002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.960%, 02/25/71 (144A) (k) | 104593 | &nbsp;&nbsp;&nbsp; 103452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.112%, 02/25/71 (144A) (k) | 114554 | &nbsp;&nbsp;&nbsp; 113400 |
| CSMC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.938%, 05/25/66 (144A) (e) | 299759 | &nbsp;&nbsp;&nbsp; 247240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.841%, 10/25/66 (144A) (e) | 372587 | &nbsp;&nbsp;&nbsp; 339329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 04/25/47 (144A) (e) | 201569 | &nbsp;&nbsp;&nbsp; 189796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.265%, 11/25/66 (144A) (e) | 962403 | &nbsp;&nbsp;&nbsp; 871111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.152%, 12/27/60 (144A) (e) | 212185 | &nbsp;&nbsp;&nbsp; 211439 |
| Deephaven Residential Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.899%, 04/25/66 (144A) (e) | 128295 | &nbsp;&nbsp;&nbsp; 114420 |
| EFMT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.381%, 12/01/70 (144A) (k) | 310632 | &nbsp;&nbsp;&nbsp; 309517 |
| Ellington Financial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.931%, 06/25/66 (144A) (e) | 139367 | &nbsp;&nbsp;&nbsp; 118686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.206%, 01/25/67 (144A) (e) | 430662 | &nbsp;&nbsp;&nbsp; 384807 |
| GCAT Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.091%, 05/25/66 (144A) (e) | 347956 | &nbsp;&nbsp;&nbsp; 306280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.262%, 07/25/66 (144A) (e) | 742887 | &nbsp;&nbsp;&nbsp; 621520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.915%, 08/25/66 (144A) (e) | 223487 | &nbsp;&nbsp;&nbsp; 207790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.885%, 12/27/66 (144A) (e) | 714075 | &nbsp;&nbsp;&nbsp; 660164 |
| GS Mortgage-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.869%, 03/25/66 (144A) (e) | 315220 | &nbsp;&nbsp;&nbsp; 313340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.225%, 03/25/66 (144A) (k) | 97961 | &nbsp;&nbsp;&nbsp; 97419 |
| Imperial Fund Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.091%, 01/25/57 (144A) (e) | 310246 | &nbsp;&nbsp;&nbsp; 273054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.493%, 02/25/67 (144A) (e) | 1136073 | &nbsp;&nbsp;&nbsp; 1047682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.638%, 03/25/67 (144A) (k) | 926305 | &nbsp;&nbsp;&nbsp; 882878 |
| Legacy Mortgage Asset Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 11/25/60 (144A) (k) | 137085 | &nbsp;&nbsp;&nbsp; 137170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 04/25/61 (144A) (k) | 205791 | &nbsp;&nbsp;&nbsp; 206150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 07/25/61 (144A) (k) | 278942 | &nbsp;&nbsp;&nbsp; 279030 |
| MetLife Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 03/25/57 (144A) (e) | 209896 | &nbsp;&nbsp;&nbsp; 203286 |
| MFA Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.029%, 11/25/64 (144A) (e) | 185712 | &nbsp;&nbsp;&nbsp; 164482 |
| Morgan Stanley Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/25/65 (144A) (e) | 881841 | &nbsp;&nbsp;&nbsp; 857460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.767%, 01/25/71 (144A) (e) | 541374 | &nbsp;&nbsp;&nbsp; 535417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.032%, 12/25/70 (144A) (k) | 96881 | &nbsp;&nbsp;&nbsp; 96002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.172%, 01/25/71 (144A) (k) | 248155 | &nbsp;&nbsp;&nbsp; 245532 |
| New Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.492%, 09/25/59 (144A) (e) | 41481 | &nbsp;&nbsp;&nbsp; 39951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/25/59 (144A) (e) | 182377 | &nbsp;&nbsp;&nbsp; 172147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.749%, 09/25/57 (144A) (e) | 267921 | &nbsp;&nbsp;&nbsp; 253103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 11/26/35 (144A) (e) | 174419 | &nbsp;&nbsp;&nbsp; 169082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/25/57 (144A) (e) | 337637 | &nbsp;&nbsp;&nbsp; 327254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.543%, 1M TSFR + 0.864%, 01/25/48 (144A) (e) | 189381 | &nbsp;&nbsp;&nbsp; 186344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.010%, 10/26/65 (144A) (e) | 436163 | &nbsp;&nbsp;&nbsp; 433738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.179%, 11/25/65 (144A) (k) | 97020 | &nbsp;&nbsp;&nbsp; 96002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.365%, 10/26/65 (144A) (k) | 516509 | &nbsp;&nbsp;&nbsp; 513162 |
| NMLT Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.185%, 05/25/56 (144A) (e) | 529173 | &nbsp;&nbsp;&nbsp; 466605 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** |
| OBX Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.072%, 02/25/66 (144A) (e) | 342835 | &nbsp;&nbsp;&nbsp; $304496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.818%, 12/01/65 (144A) (e) | 300221 | &nbsp;&nbsp;&nbsp; 297899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.042%, 12/01/65 (144A) (k) | 531538 | &nbsp;&nbsp;&nbsp; 526756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.143%, 12/01/65 (144A) (k) | 359280 | &nbsp;&nbsp;&nbsp; 355984 |
| Onity Loan Investment Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/25/38 (144A) (e) | 411556 | &nbsp;&nbsp;&nbsp; 390282 |
| PRET Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 09/25/69 (144A) (k) | 1026789 | &nbsp;&nbsp;&nbsp; 1007354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 04/25/65 (144A) (k) | 608984 | &nbsp;&nbsp;&nbsp; 592504 |
| PRPM LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 04/25/55 (144A) (k) | 878511 | &nbsp;&nbsp;&nbsp; 855072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.503%, 08/25/30 (144A) (k) | 394455 | &nbsp;&nbsp;&nbsp; 393145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.699%, 11/25/29 (144A) (k) | 129214 | &nbsp;&nbsp;&nbsp; 129309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.729%, 07/25/30 (144A) (k) | 220632 | &nbsp;&nbsp;&nbsp; 220173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.774%, 08/25/28 (144A) (k) | 565581 | &nbsp;&nbsp;&nbsp; 564366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.870%, 11/25/29 (144A) (k) | 349516 | &nbsp;&nbsp;&nbsp; 349643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.255%, 05/25/30 (144A) (k) | 103777 | &nbsp;&nbsp;&nbsp; 103485 |
| PRPM Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.845%, 01/25/56 (144A) (k) | 133170 | &nbsp;&nbsp;&nbsp; 132427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.206%, 01/25/56 (144A) (k) | 100000 | &nbsp;&nbsp;&nbsp; 99775 |
| RCO VIII Mortgage LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.435%, 05/25/30 (144A) (k) | 73858 | &nbsp;&nbsp;&nbsp; 73934 |
| SG Residential Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.166%, 03/27/62 (144A) (e) | 454198 | &nbsp;&nbsp;&nbsp; 431455 |
| Starwood Mortgage Residential Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.943%, 05/25/65 (144A) (e) | 52668 | &nbsp;&nbsp;&nbsp; 50202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.920%, 11/25/66 (144A) (e) | 557583 | &nbsp;&nbsp;&nbsp; 492625 |
| Towd Point Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.918%, 11/30/60 (144A) (e) | 1074667 | &nbsp;&nbsp;&nbsp; 966753 |
| Verus Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.918%, 02/25/64 (144A) (e) | 107391 | &nbsp;&nbsp;&nbsp; 102263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.938%, 07/25/66 (144A) (e) | 243380 | &nbsp;&nbsp;&nbsp; 207288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.031%, 02/25/66 (144A) (e) | 126554 | &nbsp;&nbsp;&nbsp; 115660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.046%, 06/25/66 (144A) (e) | 1027186 | &nbsp;&nbsp;&nbsp; 914714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.824%, 11/25/66 (144A) (e) | 371980 | &nbsp;&nbsp;&nbsp; 340580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.829%, 10/25/66 (144A) (k) | 919997 | &nbsp;&nbsp;&nbsp; 842984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.130%, 02/25/67 (144A) (k) | 134636 | &nbsp;&nbsp;&nbsp; 128617 |
|  |  | &nbsp;&nbsp;&nbsp; 27533588 |
| **Commercial Mortgage-Backed Securities — 2.2%** | **Commercial Mortgage-Backed Securities — 2.2%** | **Commercial Mortgage-Backed Securities — 2.2%** |
| 280 Park Avenue Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.089%, 1M TSFR + 2.419%, 09/15/34 (144A) (e) | 460000 | &nbsp;&nbsp;&nbsp; 450800 |
| ACREC LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.280%, 1M TSFR + 1.600%, 01/18/43 (144A) (e) | 300000 | &nbsp;&nbsp;&nbsp; 300365 |
| AREIT Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.428%, 1M TSFR + 1.750%, 07/25/43 (144A) (e) | 325000 | &nbsp;&nbsp;&nbsp; 324797 |
| Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.579%, 11/15/62 (d) (e) | 4446921 | &nbsp;&nbsp;&nbsp; 81685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.632%, 11/15/62 (d) (e) | 2201247 | &nbsp;&nbsp;&nbsp; 45732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.682%, 12/15/52 (d) (e) | 3572531 | &nbsp;&nbsp;&nbsp; 74248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.704%, 11/15/50 (d) (e) | 6581975 | &nbsp;&nbsp;&nbsp; 49823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.706%, 11/15/54 (d) (e) | 637132 | &nbsp;&nbsp;&nbsp; 5934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.806%, 09/15/62 (d) (e) | 3912354 | &nbsp;&nbsp;&nbsp; 92553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.880%, 05/15/62 (d) (e) | 2803792 | &nbsp;&nbsp;&nbsp; 67991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.070%, 02/15/56 (d) (e) | 1210816 | &nbsp;&nbsp;&nbsp; 65670 |

---

**BHFTII-143**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Balanced Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Non-Agency Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** |
| Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.144%, 10/15/57 (d) (e) | 3159391 | &nbsp;&nbsp;&nbsp; $243546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.759%, 03/15/63 (d) (e) | 4795117 | &nbsp;&nbsp;&nbsp; 303484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.688%, 02/15/61 | 1700000 | &nbsp;&nbsp;&nbsp; 1677190 |
| Bank5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.005%, 12/15/56 (d) (e) | 880923 | &nbsp;&nbsp;&nbsp; 19298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.535%, 02/15/59 | 616000 | &nbsp;&nbsp;&nbsp; 621711 |
| BBCMS Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.970%, 04/15/53 (d) (e) | 1280000 | &nbsp;&nbsp;&nbsp; 45893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.128%, 02/15/62 (d) (e) | 1786834 | &nbsp;&nbsp;&nbsp; 143305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.440%, 02/15/50 (d) (e) | 4184296 | &nbsp;&nbsp;&nbsp; 23351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.624%, 02/15/57 (d) (e) | 2021908 | &nbsp;&nbsp;&nbsp; 180765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.780%, 02/15/59 (e) | 160000 | &nbsp;&nbsp;&nbsp; 162165 |
| Benchmark Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.461%, 07/15/51 (d) (e) | 3667808 | &nbsp;&nbsp;&nbsp; 36341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.524%, 01/15/51 (d) (e) | 1494006 | &nbsp;&nbsp;&nbsp; 12532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.016%, 08/15/52 (d) (e) | 1748433 | &nbsp;&nbsp;&nbsp; 40547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.208%, 03/15/62 (d) (e) | 4982235 | &nbsp;&nbsp;&nbsp; 148899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.489%, 01/15/54 (d) (e) | 2316822 | &nbsp;&nbsp;&nbsp; 131005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.742%, 07/15/53 (d) (e) | 1009282 | &nbsp;&nbsp;&nbsp; 51770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.882%, 02/15/51 (e) | 795000 | &nbsp;&nbsp;&nbsp; 783619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.016%, 03/15/52 | 630000 | &nbsp;&nbsp;&nbsp; 616142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.436%, 02/15/59 | 370000 | &nbsp;&nbsp;&nbsp; 373378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.687%, 02/15/59 (e) | 340000 | &nbsp;&nbsp;&nbsp; 344693 |
| BOCA Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.573%, 1M TSFR + 1.900%, 12/15/42 (144A) (e) | 550000 | &nbsp;&nbsp;&nbsp; 549656 |
| BPR Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 11/05/41 (144A) (e) | 220000 | &nbsp;&nbsp;&nbsp; 223792 |
| BSTN Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.572%, 04/13/41 (144A) (e) | 225000 | &nbsp;&nbsp;&nbsp; 224711 |
| BX Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 1M TSFR + 1.550%, 04/15/43 (144A) (e) | 1355000 | &nbsp;&nbsp;&nbsp; 1355423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.373%, 1M TSFR + 1.700%, 02/15/43 (144A) (e) | 560000 | &nbsp;&nbsp;&nbsp; 560000 |
| BX Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.023%, 1M TSFR + 1.350%, 02/15/36 (144A) (e) | 265000 | &nbsp;&nbsp;&nbsp; 262990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.120%, 1M TSFR + 1.450%, 04/15/41 (144A) (e) | 195000 | &nbsp;&nbsp;&nbsp; 195000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.177%, 12/13/42 (144A) (e) | 330000 | &nbsp;&nbsp;&nbsp; 330243 |
| BXMT Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.127%, 1M TSFR + 1.450%, 08/19/43 (144A) (e) | 270000 | &nbsp;&nbsp;&nbsp; 269865 |
| COMM Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.144%, 10/15/45 (d) (e) | 68890 | &nbsp;&nbsp;&nbsp; 1547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.819%, 01/10/39 (144A) | 205000 | &nbsp;&nbsp;&nbsp; 198985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.896%, 01/10/39 (144A) (e) | 210000 | &nbsp;&nbsp;&nbsp; 199972 |
| CSAIL Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.663%, 01/15/49 (d) (e) | 485123 | &nbsp;&nbsp;&nbsp; 5 |
| DBJPM Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.578%, 09/15/53 (d) (e) | 779862 | &nbsp;&nbsp;&nbsp; 31188 |
| DC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.727%, 04/13/40 (144A) (e) | 200000 | &nbsp;&nbsp;&nbsp; 200798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.036%, 04/13/40 (144A) (e) | 100000 | &nbsp;&nbsp;&nbsp; 99243 |
| Extended Stay America Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.073%, 1M TSFR + 1.400%, 02/15/43 (144A) (e) | 594408 | &nbsp;&nbsp;&nbsp; 594965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.273%, 1M TSFR + 1.600%, 10/15/42 (144A) (e) | 105000 | &nbsp;&nbsp;&nbsp; 105131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.573%, 1M TSFR + 2.900%, 02/15/43 (144A) (e) | 237763 | &nbsp;&nbsp;&nbsp; 238283 |
| GS Mortgage Securities Corp. II |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.318%, 03/10/41 (144A) (e) | 615000 | &nbsp;&nbsp;&nbsp; 619427 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** |
| GS Mortgage Securities Corp. Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.954%, 11/05/34 (144A) | 1132291 | &nbsp;&nbsp;&nbsp; $989964 |
| GS Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/10/46 (d) (e) | 165072 | &nbsp;&nbsp;&nbsp; 2 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.711%, 04/10/47 (144A) (e) | 421315 | &nbsp;&nbsp;&nbsp; 315978 |
| GS REFT Issuer Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.320%, 1M TSFR + 1.650%, 04/19/43 (144A) (e) | 145000 | &nbsp;&nbsp;&nbsp; 145118 |
| HIH Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.014%, 1M TSFR + 2.341%, 10/15/41 (144A) (e) | 180558 | &nbsp;&nbsp;&nbsp; 180558 |
| HTL Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.555%, 05/10/39 (144A) (e) | 280000 | &nbsp;&nbsp;&nbsp; 282703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.088%, 05/10/39 (144A) (e) | 150000 | &nbsp;&nbsp;&nbsp; 151362 |
| INT Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.554%, 11/05/37 (144A) (e) | 240000 | &nbsp;&nbsp;&nbsp; 239195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.825%, 11/05/37 (144A) (e) | 100000 | &nbsp;&nbsp;&nbsp; 99727 |
| JP Morgan Chase Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.812%, 01/16/37 (144A) | 305000 | &nbsp;&nbsp;&nbsp; 274491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/15/47 (144A) (e) | 130000 | &nbsp;&nbsp;&nbsp; 106272 |
| MAD Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.755%, 10/15/42 (144A) (e) | 630000 | &nbsp;&nbsp;&nbsp; 627642 |
| Morgan Stanley Capital I Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.272%, 06/15/50 (d) (e) | 1311174 | &nbsp;&nbsp;&nbsp; 13629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.912%, 09/09/32 (144A) | 1140000 | &nbsp;&nbsp;&nbsp; 1054953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.941%, 07/15/49 (144A) (e) | 265000 | &nbsp;&nbsp;&nbsp; 258137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.208%, 10/12/52 (144A) (e) | 13627 | &nbsp;&nbsp;&nbsp; 4063 |
| Natixis Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.773%, 06/17/38 (144A) (e) | 165000 | &nbsp;&nbsp;&nbsp; 159835 |
| NRTH Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.315%, 1M TSFR + 1.643%, 10/15/40 (144A) (e) | 75000 | &nbsp;&nbsp;&nbsp; 74859 |
| NYC Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.928%, 1M TSFR + 1.250%, 02/15/43 (144A) (e) | 140000 | &nbsp;&nbsp;&nbsp; 139431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.178%, 1M TSFR + 1.500%, 02/15/43 (144A) (e) | 100000 | &nbsp;&nbsp;&nbsp; 99663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.365%, 1M TSFR + 1.692%, 02/15/42 (144A) (e) | 840000 | &nbsp;&nbsp;&nbsp; 839794 |
| RFR Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.670%, 03/11/41 (144A) (e) | 730000 | &nbsp;&nbsp;&nbsp; 735599 |
| SG Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.632%, 03/15/37 (144A) | 1230000 | &nbsp;&nbsp;&nbsp; 1178605 |
| SHR Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.123%, 1M TSFR + 2.450%, 10/15/41 (144A) (e) | 1445000 | &nbsp;&nbsp;&nbsp; 1441388 |
| SPGN Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.073%, 1M TSFR + 1.400%, 02/15/41 (144A) (e) | 200000 | &nbsp;&nbsp;&nbsp; 198500 |
| TEXAS Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.265%, 1M TSFR + 1.593%, 04/15/42 (144A) (e) | 145000 | &nbsp;&nbsp;&nbsp; 144094 |
| UBS Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.031%, 08/15/50 (d) (e) | 587765 | &nbsp;&nbsp;&nbsp; 5763 |
| Wells Fargo Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.942%, 10/15/49 | 890000 | &nbsp;&nbsp;&nbsp; 884758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.818%, 05/15/48 (e) | 78693 | &nbsp;&nbsp;&nbsp; 71264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.136%, 03/10/41 (144A) (e) | 105000 | &nbsp;&nbsp;&nbsp; 103993 |
| WFRBS Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/15/44 (144A) (e) | 105000 | &nbsp;&nbsp;&nbsp; 91854 |
|  |  | &nbsp;&nbsp;&nbsp; 24693650 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Non-Agency Mortgage-Backed Securities <br>(Cost $57,516,094) <br>|  | &nbsp;&nbsp;&nbsp; 52227238 |

---

**BHFTII-144**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Balanced Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Asset-Backed Securities—3.2%**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Automobile — 0.3%** | **Asset-Backed - Automobile — 0.3%** | **Asset-Backed - Automobile — 0.3%** |
| Avis Budget Rental Car Funding AESOP LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.580%, 12/20/30 (144A) | 170000 | &nbsp;&nbsp;&nbsp; $172330 |
| Credit Acceptance Auto Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.680%, 09/15/34 (144A) | 640000 | &nbsp;&nbsp;&nbsp; 641292 |
| Exeter Automobile Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 05/15/30 | 245000 | &nbsp;&nbsp;&nbsp; 244722 |
| First Investors Auto Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.380%, 07/15/32 (144A) | 190000 | &nbsp;&nbsp;&nbsp; 189962 |
| GLS Auto Select Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.810%, 09/15/31 (144A) | 981000 | &nbsp;&nbsp;&nbsp; 981964 |
| Hertz Vehicle Financing III LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.130%, 09/25/31 (144A) | 310000 | &nbsp;&nbsp;&nbsp; 312361 |
| Securitized Term Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.925%, 12/29/32 (144A) | 332365 | &nbsp;&nbsp;&nbsp; 334560 |
| SFS Auto Receivables Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.710%, 01/22/30 (144A) | 245000 | &nbsp;&nbsp;&nbsp; 249194 |
|  |  | &nbsp;&nbsp;&nbsp; 3126385 |
| **Asset-Backed - Home Equity — 0.0%** | **Asset-Backed - Home Equity — 0.0%** | **Asset-Backed - Home Equity — 0.0%** |
| COOPR Residential Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.874%, 01/01/61 (144A) (k) | 113429 | &nbsp;&nbsp;&nbsp; 112478 |
| **Asset-Backed - Other — 2.9%** | **Asset-Backed - Other — 2.9%** | **Asset-Backed - Other — 2.9%** |
| AASET Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.351%, 01/16/40 (144A) | 32384 | &nbsp;&nbsp;&nbsp; 32164 |
| Aligned Data Centers Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/17/48 (144A) | 545000 | &nbsp;&nbsp;&nbsp; 547556 |
| Bain Capital Credit CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.418%, 3M TSFR + 1.750%, 01/24/37 (144A) (e) | 515000 | &nbsp;&nbsp;&nbsp; 510153 |
| Benefit Street Partners CLO XXXI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.418%, 3M TSFR + 1.750%, 04/25/38 (144A) (e) | 575000 | &nbsp;&nbsp;&nbsp; 576229 |
| Blue Owl Asset Leasing Trust LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.410%, 03/15/30 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 100812 |
| CF Hippolyta Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.530%, 03/15/61 (144A) | 92452 | &nbsp;&nbsp;&nbsp; 74366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.690%, 07/15/60 (144A) | 219847 | &nbsp;&nbsp;&nbsp; 184199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.990%, 07/15/60 (144A) | 235984 | &nbsp;&nbsp;&nbsp; 191920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.970%, 08/15/62 (144A) | 139949 | &nbsp;&nbsp;&nbsp; 139069 |
| Commercial Equipment Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.830%, 05/15/31 (144A) | 603845 | &nbsp;&nbsp;&nbsp; 604010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.970%, 07/16/29 (144A) | 151802 | &nbsp;&nbsp;&nbsp; 152710 |
| Domino's Pizza Master Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.668%, 10/25/49 (144A) | 316800 | &nbsp;&nbsp;&nbsp; 304204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.328%, 07/25/48 (144A) | 473750 | &nbsp;&nbsp;&nbsp; 470330 |
| Elmwood CLO 23 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.421%, 3M TSFR + 1.750%, 04/16/36 (144A) (e) | 530000 | &nbsp;&nbsp;&nbsp; 530247 |
| FIGRE Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.982%, 01/25/56 (144A) (e) | 144313 | &nbsp;&nbsp;&nbsp; 143127 |
| FirstKey Homes Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.145%, 05/19/39 (144A) | 277579 | &nbsp;&nbsp;&nbsp; 276386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 07/17/39 (144A) | 988764 | &nbsp;&nbsp;&nbsp; 984024 |
| GreenSky Home Improvement Issuer Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.070%, 06/25/60 (144A) | 180000 | &nbsp;&nbsp;&nbsp; 179693 |
| Home Re Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.812%, SOFR30A + 2.150%, 01/25/36 (144A) (e) | 300000 | &nbsp;&nbsp;&nbsp; 300403 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| Jersey Mike's Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.952%, 02/15/56 (144A) | 475000 | &nbsp;&nbsp;&nbsp; $468495 |
| Knollwood CDO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.950%, PRIME + 3.200%, 01/10/39 (144A) (e) | 1107818 | &nbsp;&nbsp;&nbsp; 111 |
| Magnetite XXXI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.222%, 3M TSFR + 1.550%, 07/15/34 (144A) (e) | 430000 | &nbsp;&nbsp;&nbsp; 428226 |
| MAPS Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.201%, 01/15/51 (144A) | 647060 | &nbsp;&nbsp;&nbsp; 632050 |
| MF1 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.427%, 1M TSFR + 1.750%, 02/19/37 (144A) (e) | 685000 | &nbsp;&nbsp;&nbsp; 684245 |
| Neuberger Berman Loan Advisers CLO 42 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.521%, 3M TSFR + 1.850%, 07/16/36 (144A) (e) | 600000 | &nbsp;&nbsp;&nbsp; 600420 |
| NMEF Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.730%, 01/18/33 (144A) | 370000 | &nbsp;&nbsp;&nbsp; 370788 |
| Palmer Square Loan Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.110%, 3M TSFR + 1.450%, 08/08/32 (144A) (e) | 250000 | &nbsp;&nbsp;&nbsp; 249552 |
| PK ALIFT Loan Funding 8 LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.614%, 09/15/43 (144A) | 255000 | &nbsp;&nbsp;&nbsp; 251754 |
| Post Road Equipment Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 05/15/31 (144A) | 134938 | &nbsp;&nbsp;&nbsp; 135807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.040%, 05/15/31 (144A) | 140000 | &nbsp;&nbsp;&nbsp; 141398 |
| PRET LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.193%, 10/25/55 (144A) (k) | 1337852 | &nbsp;&nbsp;&nbsp; 1337863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.265%, 12/25/55 (144A) (k) | 522931 | &nbsp;&nbsp;&nbsp; 518248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.391%, 08/25/55 (144A) (k) | 854200 | &nbsp;&nbsp;&nbsp; 854944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.657%, 07/25/55 (144A) (k) | 662198 | &nbsp;&nbsp;&nbsp; 663455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.732%, 08/25/55 (144A) (k) | 637963 | &nbsp;&nbsp;&nbsp; 639310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.744%, 06/25/55 (144A) (k) | 1033886 | &nbsp;&nbsp;&nbsp; 1035476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.779%, 12/25/55 (144A) (k) | 395000 | &nbsp;&nbsp;&nbsp; 390011 |
| Pretium Mortgage Credit Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.219%, 02/25/56 (144A) (k) | 140000 | &nbsp;&nbsp;&nbsp; 138439 |
| Progress Residential Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 04/17/39 (144A) | 265665 | &nbsp;&nbsp;&nbsp; 261779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/17/43 (144A) | 530000 | &nbsp;&nbsp;&nbsp; 501640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.438%, 05/17/41 (144A) | 751553 | &nbsp;&nbsp;&nbsp; 742540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.451%, 06/17/39 (144A) | 202514 | &nbsp;&nbsp;&nbsp; 201608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 10/27/39 (144A) | 340969 | &nbsp;&nbsp;&nbsp; 340708 |
| Rad CLO 12 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.987%, 3M TSFR + 1.320%, 07/30/40 (144A) (e) | 875000 | &nbsp;&nbsp;&nbsp; 874090 |
| Retained Vantage Data Centers Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/15/48 (144A) | 845000 | &nbsp;&nbsp;&nbsp; 842601 |
| RR 23 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.322%, 3M TSFR + 1.650%, 07/15/37 (144A) (e) | 1110000 | &nbsp;&nbsp;&nbsp; 1112173 |
| RR 26 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.172%, 3M TSFR + 1.500%, 04/15/38 (144A) (e) | 520000 | &nbsp;&nbsp;&nbsp; 515223 |
| Sabey Data Center Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/20/49 (144A) | 135000 | &nbsp;&nbsp;&nbsp; 135799 |
| SCF Equipment Leasing LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.110%, 11/21/33 (144A) | 365000 | &nbsp;&nbsp;&nbsp; 371055 |
| Stack Infrastructure Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 07/25/48 (144A) | 480000 | &nbsp;&nbsp;&nbsp; 481097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 03/25/49 (144A) | 265000 | &nbsp;&nbsp;&nbsp; 267036 |
| STAR Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.378%, 1M TSFR + 1.700%, 05/17/43 (144A) (e) | 230000 | &nbsp;&nbsp;&nbsp; 230004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.678%, 1M TSFR + 2.000%, 05/17/43 (144A) (e) | 130000 | &nbsp;&nbsp;&nbsp; 130002 |

---

**BHFTII-145**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Balanced Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Asset-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| Stream Innovations Issuer Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 09/15/45 (144A) | 270312 | &nbsp;&nbsp;&nbsp; $271173 |
| Symphony CLO 36 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.515%, 3M TSFR + 1.850%, 01/20/36 (144A) (e) | 260000 | &nbsp;&nbsp;&nbsp; 257826 |
| Symphony CLO 37 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.415%, 3M TSFR + 1.750%, 01/20/37 (144A) (e) | 505000 | &nbsp;&nbsp;&nbsp; 501720 |
| Taco Bell Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.294%, 08/25/51 (144A) | 1889348 | &nbsp;&nbsp;&nbsp; 1747866 |
| Texas Debt Capital CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.318%, 3M TSFR + 1.650%, 07/20/38 (144A) (e) | 635000 | &nbsp;&nbsp;&nbsp; 635371 |
| Tricon Residential Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.773%, 1M TSFR + 1.100%, 03/17/42 (144A) (e) | 474272 | &nbsp;&nbsp;&nbsp; 473383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.773%, 1M TSFR + 1.100%, 02/17/43 (144A) (e) | 638444 | &nbsp;&nbsp;&nbsp; 638443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.023%, 1M TSFR + 1.350%, 02/17/43 (144A) (e) | 174985 | &nbsp;&nbsp;&nbsp; 174764 |
| VB-S1 Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.693%, 03/15/56 (144A) | 250000 | &nbsp;&nbsp;&nbsp; 245636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.590%, 05/15/54 (144A) | 550000 | &nbsp;&nbsp;&nbsp; 553941 |
| Venture 42 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.064%, 3M TSFR + 1.392%, 04/15/34 (144A) (e) | 1300000 | &nbsp;&nbsp;&nbsp; 1299675 |
| Wendy's Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.775%, 06/15/51 (144A) | 1347775 | &nbsp;&nbsp;&nbsp; 1189305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.884%, 03/15/48 (144A) | 398980 | &nbsp;&nbsp;&nbsp; 391414 |
| Wingstop Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.841%, 12/05/50 (144A) | 315200 | &nbsp;&nbsp;&nbsp; 305094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.858%, 12/05/54 (144A) | 235000 | &nbsp;&nbsp;&nbsp; 238659 |
| Zayo Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.648%, 03/20/55 (144A) | 630000 | &nbsp;&nbsp;&nbsp; 635765 |
|  |  | &nbsp;&nbsp;&nbsp; 32409584 |
| **Asset-Backed - Student Loan — 0.0%** | **Asset-Backed - Student Loan — 0.0%** | **Asset-Backed - Student Loan — 0.0%** |
| Navient Private Education Refi Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.110%, 02/18/70 (144A) | 302195 | &nbsp;&nbsp;&nbsp; 269434 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities <br>(Cost $36,662,018) <br>|  | &nbsp;&nbsp;&nbsp; 35917881 |
| **Foreign Government—0.5%** | **Foreign Government—0.5%** | **Foreign Government—0.5%** |
| **Sovereign — 0.5%** | **Sovereign — 0.5%** | **Sovereign — 0.5%** |
| Colombia Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 04/22/32 | 695000 | &nbsp;&nbsp;&nbsp; 579345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 02/19/36 (EUR) | 235000 | &nbsp;&nbsp;&nbsp; 248300 |
| Israel Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 03/12/29 | 455000 | &nbsp;&nbsp;&nbsp; 461462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 02/19/30 | 240000 | &nbsp;&nbsp;&nbsp; 243519 |
| Mexico Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/12/34 | 200000 | &nbsp;&nbsp;&nbsp; 170300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 03/22/33 | 2045000 | &nbsp;&nbsp;&nbsp; 1995480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 02/09/34 | 355000 | &nbsp;&nbsp;&nbsp; 347190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 09/22/35 | 200000 | &nbsp;&nbsp;&nbsp; 193500 |
| Romania Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 12/02/40 (144A) (EUR) | 470000 | &nbsp;&nbsp;&nbsp; 340263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 04/14/41 (EUR) | 1079000 | &nbsp;&nbsp;&nbsp; 779584 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***/<br> **Shares**<br>| <br>**Value**<br>|
| **Sovereign—(Continued)** | **Sovereign—(Continued)** | **Sovereign—(Continued)** |
| State of Israel |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 05/13/60 | 400000 | &nbsp;&nbsp;&nbsp; $258994 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Foreign Government <br>(Cost $5,942,792) <br>|  | &nbsp;&nbsp;&nbsp; 5617937 |
| **Municipals—0.0%** | **Municipals—0.0%** | **Municipals—0.0%** |
| Chicago Board of Education, General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.138%, 12/01/39 | 325000 | &nbsp;&nbsp;&nbsp; 307495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.319%, 11/01/29 | 315000 | &nbsp;&nbsp;&nbsp; 311383 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Municipals <br>(Cost $664,068) <br>|  | &nbsp;&nbsp;&nbsp; 618878 |
| **Floating Rate Loan (l)—0.0%** | **Floating Rate Loan (l)—0.0%** | **Floating Rate Loan (l)—0.0%** |
| **Oil & Gas — 0.0%** | **Oil & Gas — 0.0%** | **Oil & Gas — 0.0%** |
| Paragon Offshore Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 07/18/26 (m) (n) (o) <br>(Cost $40)<br>| 39 | &nbsp;&nbsp;&nbsp; 0 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—1.8%** | **Short-Term Investments—1.8%** | **Short-Term Investments—1.8%** |
| **Repurchase Agreement—1.8%** | **Repurchase Agreement—1.8%** | **Repurchase Agreement—1.8%** |
| Fixed Income Clearing Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 2.500%, due on <br> 04/01/26, with a maturity value of $20,626,895; <br> collateralized by U.S. Treasury Note at 4.375%, maturing <br> 07/15/27, with a market value of $21,038,041<br>| 20625463 | &nbsp;&nbsp;&nbsp; 20625463 |
| **U.S. Treasury—0.0%** | **U.S. Treasury—0.0%** | **U.S. Treasury—0.0%** |
| U.S. Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.622%, 04/30/26 (p) | 370000 | &nbsp;&nbsp;&nbsp; 368918 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $20,994,383) <br>|  | &nbsp;&nbsp;&nbsp; 20994381 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (q)—1.4%** | **Securities Lending Reinvestments (q)—1.4%** | **Securities Lending Reinvestments (q)—1.4%** |
| **Short-Term Investment Funds—0.9%** | **Short-Term Investment Funds—0.9%** | **Short-Term Investment Funds—0.9%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund, <br>Select Class 3.600% (r)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds FedFund, <br>Institutional Shares 3.550% (r)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (r)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco STIT-Government & Agency Portfolio, <br>Institutional Class 3.580% (r)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares 3.580% (r)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
|  |  | &nbsp;&nbsp;&nbsp; 10000000 |

---

**BHFTII-146**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Balanced Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Securities Lending Reinvestments (q)—(Continued)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Repurchase Agreements—0.5%** | **Repurchase Agreements—0.5%** | **Repurchase Agreements—0.5%** |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $200,020; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.000% <br> - 5.000%, maturity dates ranging from 06/30/26 - <br> 02/15/54, and an aggregate market value of $204,000<br>| 200000 | &nbsp;&nbsp;&nbsp; $200000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.770%, due on <br> 04/01/26 with a maturity value of $10,001; collateralized <br> by various Common Stock with an aggregate market value of <br> $11,123<br>| 10000 | &nbsp;&nbsp;&nbsp; 10000 |
| Citigroup Global Markets, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.690%, due on <br> 04/01/26 with a maturity value of $1,000,102; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 0.125% - 6.125%, maturity dates ranging from <br> 06/15/27 - 02/15/32, and various Common Stock with an <br> aggregate market value of $1,020,013<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 4.130%, due on <br> 10/02/26 with a maturity value of $1,021,224; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 0.125% - 6.125%, maturity dates ranging from <br> 06/15/27 - 02/15/32, and various Common Stock with an <br> aggregate market value of $1,020,013<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| National Bank Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $1,000,105; <br> collateralized by U.S. Treasury Bond at 3.875%, maturing <br> 02/15/43, and various Common Stock with an aggregate <br> market value of $1,110,982<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $50,005; collateralized <br> by various Common Stock with an aggregate market value of <br> $55,731<br>| 50000 | &nbsp;&nbsp;&nbsp; 50000 |
| NatWest Markets Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $2,337,075; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 1.125% - 4.875%, maturity dates ranging from <br> 09/15/26 - 08/15/35, and an aggregate market value of <br> $2,383,817<br>| 2336838 | &nbsp;&nbsp;&nbsp; 2336838 |
|  |  | &nbsp;&nbsp;&nbsp; 5596838 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $15,596,838) <br>|  | &nbsp;&nbsp;&nbsp; 15596838 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—108.1% <br>(Cost $1,194,087,302) <br>|  | &nbsp;&nbsp;&nbsp; 1230591959 |
| Other assets and liabilities (net)—(8.1)%  |  | &nbsp;&nbsp;&nbsp; (92628472)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1137963487 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Principal amount stated in U.S. dollars unless otherwise noted.

(a) Non-income producing security.

(b) All or a portion of the security was held on loan. As of March 31, 2026, the market value of 

---

| | |
|:---|:---|
|  | securities loaned was $34,974,684 and the collateral received consisted of cash in the <br> amount of $15,596,838 and non-cash collateral with a value of $19,785,864. The cash <br> collateral investments are disclosed in the Schedule of Investments and categorized as <br> Securities Lending Reinvestments. The non-cash collateral received consists of U.S. <br> government securities that are held in safe-keeping by the lending agent, or a third-party <br> custodian, and cannot be sold or repledged by the Portfolio.<br>|
| (c) | Principal only security. |
| (d) | Interest only security. |
| (e) | Variable or floating rate security. The stated rate represents the rate at March 31, 2026. <br> Maturity date shown for callable securities reflects the earliest possible call date. For <br> securities based on a published reference index and spread, the index and spread are <br> indicated in the description above. For certain variable rate securities, the coupon rate is <br> determined by the issuer/agent based on current market conditions. For certain asset- and <br> mortgage-backed securities, the coupon rate may fluctuate based on changes of the <br> underlying collateral or prepayments of principal. These securities do not indicate a reference <br> index and spread in their description above.<br>|
| (f) | TBA (To Be Announced) Securities are purchased on a forward commitment basis with an <br> approximate principal amount and no defined maturity date. The actual principal and <br> maturity date will be determined upon settlement date.<br>|
| (g) | All or a portion of the security was pledged as collateral against open centrally cleared swap <br> contracts. As of March 31, 2026, the market value of securities pledged was $3,311,376.<br>|
| (h) | All or a portion of the security was pledged as collateral against open futures contracts. As of <br> March 31, 2026, the market value of securities pledged was $1,190,165.<br>|
| (i) | Principal amount of security is adjusted for inflation. |
| (j) | Payment-in kind security for which part of the income earned may be paid as additional <br> principal.<br>|
| (k) | Security is a "step up" bond where coupon increases or steps up at a predetermined date. <br> Rate shown is current coupon rate.<br>|
| (l) | Floating rate loans ("Senior Loans") often require prepayments from excess cash flows or <br> permit the borrowers to repay at their election. The degree to which borrowers repay, <br> whether as a contractual requirement or at their election, cannot be predicted with accuracy. <br> As a result, the actual remaining maturity may be substantially less than the stated maturities <br> shown. However, Senior Loans will generally have an expected average life of approximately <br> two to four years. Senior Loans typically have rates of interest which are determined <br> periodically by reference to a base lending rate, plus a spread. These base rates are primarily <br> the Secured Overnight Financing Rate and secondarily, the prime rate offered by one or more <br> major United States banks. Base lending rates may be subject to a floor, or a minimum rate.<br>|
| (m) | Non-income producing; security is in default and/or issuer is in bankruptcy. |
| (n) | Security was valued in good faith under procedures subject to oversight by the Board of <br> Trustees. As of March 31, 2026, these securities represent 0.0% of net assets.<br>|
| (o) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. <br> Level 3.<br>|
| (p) | The rate shown represents current yield to maturity. |
| (q) | Represents investment of cash collateral received from securities on loan as of March 31, <br> 2026.<br>|
| (r) | The rate shown represents the annualized seven-day yield as of March 31, 2026. |
| (144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These <br> securities may be resold in transactions exempt from registration, normally to qualified <br> institutional buyers. As of March 31, 2026, the market value of 144A securities was <br> $110,122,189, which is 9.7% of net assets.<br>|

---

**BHFTII-147**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Balanced Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**TBA Forward Sale Commitments** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Security Description** | **Interest** <br>**Rate**<br>| **Maturity** | **Face** <br> **Amount**<br>| **Cost** | **Value** |
| Government National Mortgage Association, TBA | 2.000<br> %<br>| &nbsp;&nbsp;&nbsp; TBA | &nbsp;&nbsp;&nbsp; $(325000)<br>| &nbsp;&nbsp;&nbsp; $(271185)<br>| &nbsp;&nbsp;&nbsp; $(268404)<br>|
| Government National Mortgage Association, TBA | 3.000<br> %<br>| &nbsp;&nbsp;&nbsp; TBA | &nbsp;&nbsp;&nbsp; (275000)<br>| &nbsp;&nbsp;&nbsp; (248230)<br>| &nbsp;&nbsp;&nbsp; (245463)<br>|
| Government National Mortgage Association, TBA | 3.500<br> %<br>| &nbsp;&nbsp;&nbsp; TBA | &nbsp;&nbsp;&nbsp; (325000)<br>| &nbsp;&nbsp;&nbsp; (298645)<br>| &nbsp;&nbsp;&nbsp; (296621)<br>|
| Government National Mortgage Association, TBA | 4.000<br> %<br>| &nbsp;&nbsp;&nbsp; TBA | &nbsp;&nbsp;&nbsp; (4325000)<br>| &nbsp;&nbsp;&nbsp; (4102516)<br>| &nbsp;&nbsp;&nbsp; (4048327)<br>|
| Government National Mortgage Association, TBA | 4.500<br> %<br>| &nbsp;&nbsp;&nbsp; TBA | &nbsp;&nbsp;&nbsp; (4145000)<br>| &nbsp;&nbsp;&nbsp; (4052086)<br>| &nbsp;&nbsp;&nbsp; (4003661)<br>|
| Government National Mortgage Association, TBA | 5.000<br> %<br>| &nbsp;&nbsp;&nbsp; TBA | &nbsp;&nbsp;&nbsp; (2890000)<br>| &nbsp;&nbsp;&nbsp; (2881679)<br>| &nbsp;&nbsp;&nbsp; (2861974)<br>|
| Uniform Mortgage-Backed Security, TBA | 2.000<br> %<br>| &nbsp;&nbsp;&nbsp; TBA | &nbsp;&nbsp;&nbsp; (2944000)<br>| &nbsp;&nbsp;&nbsp; (2395714)<br>| &nbsp;&nbsp;&nbsp; (2370610)<br>|
| Uniform Mortgage-Backed Security, TBA | 2.500<br> %<br>| &nbsp;&nbsp;&nbsp; TBA | &nbsp;&nbsp;&nbsp; (11000000)<br>| &nbsp;&nbsp;&nbsp; (9307198)<br>| &nbsp;&nbsp;&nbsp; (9244458)<br>|
| Totals | Totals | Totals | Totals | &nbsp;&nbsp;&nbsp; $(23557253)<br>| &nbsp;&nbsp;&nbsp; $(23339518)<br>|

---

**Investments in Derivative Instruments**

**Forward Foreign Currency Exchange Contracts** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Contracts to Buy**  | **Contracts to Buy**  | **Settlement** <br>**Date**<br>| **In Exchange** <br>**for** | **In Exchange** <br>**for** | **Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| EUR | &nbsp;&nbsp; 748000<br> DBAG | 04/30/26 | USD | 870236 | &nbsp;&nbsp; $(4509)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contracts to Deliver** | **Contracts to Deliver** |  |  |  |  |  |
| EUR | &nbsp;&nbsp; 4792000 | DBAG | 04/30/26 | USD | 5575097 | &nbsp;&nbsp; 28886 |
| GBP | &nbsp;&nbsp; 509000 | WBC | 04/30/26 | USD | 682102 | &nbsp;&nbsp; 8414 |
| Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | &nbsp;&nbsp; $32791 |

---

**Futures Contracts** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Long** | **Expiration** <br>**Date**<br>| **Number of** <br>**Contracts**<br>| **Notional** <br>**Value** | **Notional** <br>**Value** | **Value/** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| Australian 10 Year Treasury Bond Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; 81 | AUD | 8728056 | &nbsp;&nbsp;&nbsp; $(54609)<br>|
| Euro-Buxl 30 Year Bond Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; 28 | EUR | 3087280 | &nbsp;&nbsp;&nbsp; (48574)<br>|
| S&P 500 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 7 | USD | 2299763 | &nbsp;&nbsp;&nbsp; 11364 |
| U.S. Treasury Note 2 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; 184 | USD | 38169937 | &nbsp;&nbsp;&nbsp; 412 |
| U.S. Treasury Note 5 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; 48 | USD | 5192625 | &nbsp;&nbsp;&nbsp; (3061)<br>|
| U.S. Treasury Note Ultra 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 82 | USD | 9308281 | &nbsp;&nbsp;&nbsp; (48944)<br>|
| U.S. Treasury Ultra Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 40 | USD | 4662500 | &nbsp;&nbsp;&nbsp; (137664)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Short** |  |  |  |  |  |
| Euro-BTP Bond Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; (24)<br>| EUR | (2790720)<br>| &nbsp;&nbsp;&nbsp; 61305 |
| Euro-Bund Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; (37)<br>| EUR | (4639430)<br>| &nbsp;&nbsp;&nbsp; 93760 |
| Euro-OAT Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; (22)<br>| EUR | (2611180)<br>| &nbsp;&nbsp;&nbsp; 26936 |
| U.S. Treasury Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (37)<br>| USD | (4213375)<br>| &nbsp;&nbsp;&nbsp; (1180)<br>|
| U.S. Treasury Note 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (140)<br>| USD | (15546562)<br>| &nbsp;&nbsp;&nbsp; 50663 |
| Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | &nbsp;&nbsp;&nbsp; $(49592)<br>|

---

**BHFTII-148**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Balanced Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Centrally Cleared Interest Rate Swap Contracts** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive** <br>**Floating Rate** <br>| **Floating** <br>**Rate Index** <br>| **Payment** <br>**Frequency** <br>| **Fixed** <br>**Rate** <br>| **Payment** <br>**Frequency** <br>| **Maturity** <br>**Date** <br>| **Notional** <br>**Amount**  | **Notional** <br>**Amount**  | **Market** <br>**Value** <br>| **Upfront** <br>**Premiums** <br>**Paid/(Received)** <br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>|
| Receive | 12M SOFR | Annually | 2.880<br> %<br>| Annually | 03/15/53 | USD | 1610000 | &nbsp;&nbsp; $335425 | &nbsp;&nbsp; $16838 | &nbsp;&nbsp; $318587 |
| Receive | 12M SOFR | Annually | 2.970<br> %<br>| Annually | 03/15/53 | USD | 2325000 | &nbsp;&nbsp; 450333 | &nbsp;&nbsp; 4300 | &nbsp;&nbsp; 446033 |
| Receive | 12M SOFR | Annually | 3.250<br> %<br>| Annually | 06/21/53 | USD | 860000 | &nbsp;&nbsp; 127871 | &nbsp;&nbsp; (5099)<br>| &nbsp;&nbsp; 132970 |
| Receive | 12M SOFR | Annually | 3.378<br> %<br>| Annually | 05/31/30 | USD | 350000 | &nbsp;&nbsp; 2921 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2921 |
| Receive | 12M SOFR | Annually | 3.590<br> %<br>| Annually | 09/20/53 | USD | 2955000 | &nbsp;&nbsp; 275646 | &nbsp;&nbsp; 12093 | &nbsp;&nbsp; 263553 |
| Receive | 12M SOFR | Annually | 3.595<br> %<br>| Annually | 11/15/32 | USD | 2025000 | &nbsp;&nbsp; 12501 | &nbsp;&nbsp; — | &nbsp;&nbsp; 12501 |
| Receive | 12M SOFR | Annually | 3.704<br> %<br>| Annually | 05/31/29 | USD | 3275000 | &nbsp;&nbsp; (12184)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (12184)<br>|
| Receive | 12M SOFR | Annually | 4.160<br> %<br>| Annually | 03/19/45 | USD | 8460000 | &nbsp;&nbsp; (1253)<br>| &nbsp;&nbsp; (15700)<br>| &nbsp;&nbsp; 14447 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $1191260 | &nbsp;&nbsp; $12432 | &nbsp;&nbsp; $1178828 |

---

**Centrally Cleared Credit Default Swap Contracts on Credit Indices—Sell Protection (a)** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Obligation**  | **Fixed Deal** <br>**Receive Rate** <br>| **Payment** <br>**Frequency** <br>| **Maturity** <br>**Date** <br>| **Implied** <br>**Credit Spread** <sup>(b)</sup> <br>| **Notional** <br>**Amount** <sup>(c)</sup>  | **Notional** <br>**Amount** <sup>(c)</sup>  | **Market** <br>**Value** <br>| **Upfront** <br>**Premiums** <br>**Paid/(Received)** <br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>|
| CDX.NA.HY.45.V2 | 5.000% | &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 12/20/30 | &nbsp;&nbsp; 3.649% | &nbsp;&nbsp; USD | 4365900 | &nbsp;&nbsp; $230135 | &nbsp;&nbsp; $282152 | &nbsp;&nbsp; $(52017) |
| CDX.NA.HY.46.V1 | 5.000% | &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/20/31 | &nbsp;&nbsp; 3.857% | &nbsp;&nbsp; USD | 2225000 | &nbsp;&nbsp; 106882 | &nbsp;&nbsp;&nbsp; 97566 | &nbsp;&nbsp;&nbsp;&nbsp; 9316 |
| CDX.NA.IG.45.V1 | 1.000% | &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 12/20/30 | &nbsp;&nbsp; 0.587% | &nbsp;&nbsp; USD | 6975000 | &nbsp;&nbsp; 123381 | &nbsp;&nbsp; 136203 | &nbsp;&nbsp; (12822) |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $460398 | &nbsp;&nbsp; $515921 | &nbsp;&nbsp; $(55523) |

---

**Centrally Cleared Credit Default Swap Contracts on Corporate Issues—Sell Protection (a)** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Obligation**  | **Fixed Deal** <br>**Receive Rate** <br>| **Payment** <br>**Frequency** <br>| **Maturity** <br>**Date** <br>| **Implied** <br>**Credit Spread** <sup>(b)</sup> <br>| **Notional** <br>**Amount** <sup>(c)</sup>  | **Notional** <br>**Amount** <sup>(c)</sup>  | **Market** <br>**Value** <br>| **Upfront** <br>**Premiums** <br>**Paid/(Received)** <br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>|
| Oracle Corp | 1.000<br> %<br>| Quarterly | 12/20/30 | 1.773<br> %<br>| USD | 1255000 | &nbsp;&nbsp; $(39384)<br>| &nbsp;&nbsp; $(13451)<br>| &nbsp;&nbsp; $(25933)<br>|
| Paramount Skydance Corp. | 1.000<br> %<br>| Quarterly | 06/20/31 | 3.393<br> %<br>| USD | 245000 | &nbsp;&nbsp; (25574)<br>| &nbsp;&nbsp; (25001)<br>| &nbsp;&nbsp; (573)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $(64958)<br>| &nbsp;&nbsp; $(38452)<br>| &nbsp;&nbsp; $(26506)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

**BHFTII-149**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Balanced Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Total Common Stocks\* | &nbsp;&nbsp;&nbsp; $670159243 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $670159243 |
| Total Agency Sponsored Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 194040836 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 194040836 |
| Total U.S. Treasury & Government Agencies\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 157009691 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 157009691 |
| Total Corporate Bonds & Notes\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 78409036 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 78409036 |
| Total Non-Agency Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 52227238 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 52227238 |
| Total Asset-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 35917881 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 35917881 |
| Total Foreign Government\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5617937 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5617937 |
| Total Municipals\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 618878 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 618878 |
| Total Floating Rate Loans\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20994381 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20994381 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5596838 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5596838 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp; 5596838 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15596838 |
| Total Investments | &nbsp;&nbsp;&nbsp; $680159243 | &nbsp;&nbsp;&nbsp; $550432716 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $1230591959 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(15596838)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(15596838)<br>|
| TBA Forward Sale Commitments (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(23339518)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(23339518)<br>|
| Forward Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $37300 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $37300 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (4509)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (4509)<br>|
| Total Forward Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $32791 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $32791 |
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $244440 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $244440 |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; (294032)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (294032)<br>|
| Total Futures Contracts | &nbsp;&nbsp;&nbsp; $(49592)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(49592)<br>|
| Centrally Cleared Swap Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Swap Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1200328 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1200328 |
| &nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Swap Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (103529)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (103529)<br>|
| Total Centrally Cleared Swap Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1096799 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1096799 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended March 31, 2026 is not presented.

During the period ended March 31, 2026, transfers out of Level 3 in the amount of $934,999 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.

**BHFTII-150**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Core Equity Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—99.0% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Aerospace & Defense — 3.1%** | **Aerospace & Defense — 3.1%** | **Aerospace & Defense — 3.1%** |
| Northrop Grumman Corp.  | 119069 | &nbsp;&nbsp;&nbsp; $81233635 |
| **Banks — 2.8%** | **Banks — 2.8%** | **Banks — 2.8%** |
| Wells Fargo & Co.  | 916423 | &nbsp;&nbsp;&nbsp; 72956435 |
| **Beverages — 2.6%** | **Beverages — 2.6%** | **Beverages — 2.6%** |
| Coca-Cola Co.  | 577898 | &nbsp;&nbsp;&nbsp; 43949143 |
| PepsiCo, Inc.  | 147424 | &nbsp;&nbsp;&nbsp; 22893473 |
|  |  | &nbsp;&nbsp;&nbsp; 66842616 |
| **Building Products — 1.5%** | **Building Products — 1.5%** | **Building Products — 1.5%** |
| Trane Technologies PLC | 94610 | &nbsp;&nbsp;&nbsp; 39427771 |
| **Capital Markets — 4.3%** | **Capital Markets — 4.3%** | **Capital Markets — 4.3%** |
| Blackrock, Inc.  | 65742 | &nbsp;&nbsp;&nbsp; 63224739 |
| S&P Global, Inc.  | 115251 | &nbsp;&nbsp;&nbsp; 49020860 |
|  |  | &nbsp;&nbsp;&nbsp; 112245599 |
| **Chemicals — 2.6%** | **Chemicals — 2.6%** | **Chemicals — 2.6%** |
| Linde PLC | 135405 | &nbsp;&nbsp;&nbsp; 67128383 |
| **Consumer Finance — 2.0%** | **Consumer Finance — 2.0%** | **Consumer Finance — 2.0%** |
| American Express Co.  | 168201 | &nbsp;&nbsp;&nbsp; 50877439 |
| **Consumer Staples Distribution & Retail — 2.1%** | **Consumer Staples Distribution & Retail — 2.1%** | **Consumer Staples Distribution & Retail — 2.1%** |
| Kroger Co.  | 539862 | &nbsp;&nbsp;&nbsp; 39064414 |
| Walmart, Inc.  | 127186 | &nbsp;&nbsp;&nbsp; 15806676 |
|  |  | &nbsp;&nbsp;&nbsp; 54871090 |
| **Electrical Equipment — 1.1%** | **Electrical Equipment — 1.1%** | **Electrical Equipment — 1.1%** |
| AMETEK, Inc.  | 135673 | &nbsp;&nbsp;&nbsp; 29082864 |
| **Electronic Equipment, Instruments & Components — 1.5%** | **Electronic Equipment, Instruments & Components — 1.5%** | **Electronic Equipment, Instruments & Components — 1.5%** |
| Amphenol Corp. - Class A | 313394 | &nbsp;&nbsp;&nbsp; 39597332 |
| **Financial Services — 6.6%** | **Financial Services — 6.6%** | **Financial Services — 6.6%** |
| Mastercard, Inc. - Class A | 185058 | &nbsp;&nbsp;&nbsp; 92466080 |
| Visa, Inc. - Class A | 266783 | &nbsp;&nbsp;&nbsp; 80632494 |
|  |  | &nbsp;&nbsp;&nbsp; 173098574 |
| **Ground Transportation — 1.8%** | **Ground Transportation — 1.8%** | **Ground Transportation — 1.8%** |
| Canadian National Railway Co.  | 442771 | &nbsp;&nbsp;&nbsp; 45572534 |
| **Health Care Equipment & Supplies — 3.7%** | **Health Care Equipment & Supplies — 3.7%** | **Health Care Equipment & Supplies — 3.7%** |
| Abbott Laboratories | 365554 | &nbsp;&nbsp;&nbsp; 37531429 |
| Stryker Corp.  | 181883 | &nbsp;&nbsp;&nbsp; 59764935 |
|  |  | &nbsp;&nbsp;&nbsp; 97296364 |
| **Health Care Providers & Services — 1.1%** | **Health Care Providers & Services — 1.1%** | **Health Care Providers & Services — 1.1%** |
| Elevance Health, Inc.  | 95431 | &nbsp;&nbsp;&nbsp; 27937425 |
| **Hotels, Restaurants & Leisure — 2.7%** | **Hotels, Restaurants & Leisure — 2.7%** | **Hotels, Restaurants & Leisure — 2.7%** |
| Marriott International, Inc. - Class A | 79973 | &nbsp;&nbsp;&nbsp; 26156769 |
| McDonald's Corp.  | 145765 | &nbsp;&nbsp;&nbsp; 45302304 |
|  |  | &nbsp;&nbsp;&nbsp; 71459073 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Household Products — 2.5%** | **Household Products — 2.5%** | **Household Products — 2.5%** |
| Colgate-Palmolive Co.  | 259535 | &nbsp;&nbsp;&nbsp; $22120168 |
| Procter & Gamble Co.  | 299403 | &nbsp;&nbsp;&nbsp; 43245769 |
|  |  | &nbsp;&nbsp;&nbsp; 65365937 |
| **Industrial Conglomerates — 2.7%** | **Industrial Conglomerates — 2.7%** | **Industrial Conglomerates — 2.7%** |
| Honeywell International, Inc.  | 313723 | &nbsp;&nbsp;&nbsp; 70910810 |
| **Insurance — 4.2%** | **Insurance — 4.2%** | **Insurance — 4.2%** |
| Chubb Ltd. (a) | 168434 | &nbsp;&nbsp;&nbsp; 54897694 |
| Marsh & McLennan Cos., Inc.  | 318405 | &nbsp;&nbsp;&nbsp; 55227347 |
|  |  | &nbsp;&nbsp;&nbsp; 110125041 |
| **Interactive Media & Services — 2.3%** | **Interactive Media & Services — 2.3%** | **Interactive Media & Services — 2.3%** |
| Alphabet, Inc. - Class A | 118371 | &nbsp;&nbsp;&nbsp; 34038765 |
| Meta Platforms, Inc. - Class A | 45147 | &nbsp;&nbsp;&nbsp; 25829953 |
|  |  | &nbsp;&nbsp;&nbsp; 59868718 |
| **IT Services — 0.9%** | **IT Services — 0.9%** | **IT Services — 0.9%** |
| Accenture PLC - Class A | 122921 | &nbsp;&nbsp;&nbsp; 24374005 |
| **Life Sciences Tools & Services — 2.1%** | **Life Sciences Tools & Services — 2.1%** | **Life Sciences Tools & Services — 2.1%** |
| Danaher Corp.  | 294067 | &nbsp;&nbsp;&nbsp; 55755103 |
| **Machinery — 2.6%** | **Machinery — 2.6%** | **Machinery — 2.6%** |
| Caterpillar, Inc.  | 57470 | &nbsp;&nbsp;&nbsp; 40715196 |
| Deere & Co.  | 47396 | &nbsp;&nbsp;&nbsp; 26698167 |
|  |  | &nbsp;&nbsp;&nbsp; 67413363 |
| **Oil, Gas & Consumable Fuels — 1.1%** | **Oil, Gas & Consumable Fuels — 1.1%** | **Oil, Gas & Consumable Fuels — 1.1%** |
| Exxon Mobil Corp.  | 166466 | &nbsp;&nbsp;&nbsp; 28242622 |
| **Personal Care Products — 0.7%** | **Personal Care Products — 0.7%** | **Personal Care Products — 0.7%** |
| Unilever PLC | 334309 | &nbsp;&nbsp;&nbsp; 18743614 |
| **Pharmaceuticals — 9.0%** | **Pharmaceuticals — 9.0%** | **Pharmaceuticals — 9.0%** |
| Eli Lilly & Co.  | 114521 | &nbsp;&nbsp;&nbsp; 105332980 |
| Johnson & Johnson | 204539 | &nbsp;&nbsp;&nbsp; 49997513 |
| Merck & Co., Inc.  | 464744 | &nbsp;&nbsp;&nbsp; 55904056 |
| Zoetis, Inc.  | 203407 | &nbsp;&nbsp;&nbsp; 24044742 |
|  |  | &nbsp;&nbsp;&nbsp; 235279291 |
| **Professional Services — 2.0%** | **Professional Services — 2.0%** | **Professional Services — 2.0%** |
| Automatic Data Processing, Inc.  | 254336 | &nbsp;&nbsp;&nbsp; 51675989 |
| **Semiconductors & Semiconductor Equipment — 11.7%** | **Semiconductors & Semiconductor Equipment — 11.7%** | **Semiconductors & Semiconductor Equipment — 11.7%** |
| Broadcom, Inc.  | 417896 | &nbsp;&nbsp;&nbsp; 129342991 |
| KLA Corp.  | 43296 | &nbsp;&nbsp;&nbsp; 63749463 |
| QUALCOMM, Inc.  | 289596 | &nbsp;&nbsp;&nbsp; 37294173 |
| Texas Instruments, Inc.  | 391907 | &nbsp;&nbsp;&nbsp; 76084825 |
|  |  | &nbsp;&nbsp;&nbsp; 306471452 |
| **Software — 5.9%** | **Software — 5.9%** | **Software — 5.9%** |
| Intuit, Inc.  | 52707 | &nbsp;&nbsp;&nbsp; 22789452 |
| Microsoft Corp.  | 351081 | &nbsp;&nbsp;&nbsp; 129959654 |
|  |  | &nbsp;&nbsp;&nbsp; 152749106 |

---

**BHFTII-151**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Core Equity Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Specialty Retail — 5.2%** | **Specialty Retail — 5.2%** | **Specialty Retail — 5.2%** |
| Home Depot, Inc.  | 209203 | &nbsp;&nbsp;&nbsp; $68804775 |
| TJX Cos., Inc.  | 420213 | &nbsp;&nbsp;&nbsp; 67108016 |
|  |  | &nbsp;&nbsp;&nbsp; 135912791 |
| **Technology Hardware, Storage & Peripherals — 3.4%** | **Technology Hardware, Storage & Peripherals — 3.4%** | **Technology Hardware, Storage & Peripherals — 3.4%** |
| Apple, Inc.  | 349238 | &nbsp;&nbsp;&nbsp; 88633112 |
| **Textiles, Apparel & Luxury Goods — 2.7%** | **Textiles, Apparel & Luxury Goods — 2.7%** | **Textiles, Apparel & Luxury Goods — 2.7%** |
| NIKE, Inc. - Class B (a) | 1317362 | &nbsp;&nbsp;&nbsp; 69583061 |
| **Water Utilities — 0.5%** | **Water Utilities — 0.5%** | **Water Utilities — 0.5%** |
| American Water Works Co., Inc.  | 96755 | &nbsp;&nbsp;&nbsp; 13167388 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $2,228,587,124) <br>|  | &nbsp;&nbsp;&nbsp; 2583898537 |
| **Escrow Shares—0.0%** | **Escrow Shares—0.0%** | **Escrow Shares—0.0%** |
| **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Sino Forest Corp. (b) (c) (d) <br>(Cost $0)<br>| 5844000 | &nbsp;&nbsp;&nbsp; 0 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—1.0%** | **Short-Term Investments—1.0%** | **Short-Term Investments—1.0%** |
| **Repurchase Agreement—1.0%** | **Repurchase Agreement—1.0%** | **Repurchase Agreement—1.0%** |
| Fixed Income Clearing Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 2.500%, due on <br> 04/01/26, with a maturity value of $26,514,960; <br> collateralized by U.S. Treasury Note at 4.375%, maturing <br> 07/15/27, with a market value of $27,043,469<br>| 26513119 | &nbsp;&nbsp;&nbsp; 26513119 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $26,513,119) <br>|  | &nbsp;&nbsp;&nbsp; 26513119 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—100.0% <br>(Cost $2,255,100,243) <br>|  | &nbsp;&nbsp;&nbsp; 2610411656 |
| Other assets and liabilities (net)—0.0%  |  | &nbsp;&nbsp;&nbsp; 244979 |
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $2610656635 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Principal amount stated in U.S. dollars unless otherwise noted.

(a) All or a portion of the security was held on loan. As of March 31, 2026, the market value of 

---

| | |
|:---|:---|
|  | securities loaned was $43,371,845 and the collateral received consisted of non-cash collateral <br> with a value of $44,218,652. The non-cash collateral received consists of U.S. government <br> securities that are held in safe-keeping by the lending agent, or a third-party custodian, and <br> cannot be sold or repledged by the Portfolio.<br>|
| (b) | Security was valued in good faith under procedures subject to oversight by the Board of Trustees. <br> As of March 31, 2026, these securities represent 0.0% of net assets.<br>|
| (c) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. |
| (d) | Non-income producing security. |

---

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aerospace & Defense | &nbsp;&nbsp; $81233635 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $81233635 |
| &nbsp;&nbsp;&nbsp; Banks | &nbsp;&nbsp; 72956435 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 72956435 |
| &nbsp;&nbsp;&nbsp; Beverages | &nbsp;&nbsp; 66842616 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 66842616 |
| &nbsp;&nbsp;&nbsp; Building Products | &nbsp;&nbsp; 39427771 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 39427771 |
| &nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp; 112245599 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 112245599 |
| &nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp; 67128383 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 67128383 |
| &nbsp;&nbsp;&nbsp; Consumer Finance | &nbsp;&nbsp; 50877439 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 50877439 |
| &nbsp;&nbsp;&nbsp; Consumer Staples Distribution & Retail | &nbsp;&nbsp; 54871090 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 54871090 |
| &nbsp;&nbsp;&nbsp; Electrical Equipment | &nbsp;&nbsp; 29082864 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 29082864 |
| &nbsp;&nbsp;&nbsp; Electronic Equipment, Instruments & Components | &nbsp;&nbsp; 39597332 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 39597332 |

---

**BHFTII-152**

------

**Brighthouse Funds Trust II**

**Brighthouse/Wellington Core Equity Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Fair Value Hierarchy — (Continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial Services | &nbsp;&nbsp;&nbsp; $173098574 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $173098574 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ground Transportation | &nbsp;&nbsp;&nbsp; 45572534 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 45572534 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Equipment & Supplies | &nbsp;&nbsp;&nbsp; 97296364 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 97296364 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Providers & Services | &nbsp;&nbsp;&nbsp; 27937425 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 27937425 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure | &nbsp;&nbsp;&nbsp; 71459073 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 71459073 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Products | &nbsp;&nbsp;&nbsp; 65365937 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 65365937 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial Conglomerates | &nbsp;&nbsp;&nbsp; 70910810 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 70910810 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp;&nbsp; 110125041 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 110125041 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interactive Media & Services | &nbsp;&nbsp;&nbsp; 59868718 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 59868718 |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp;&nbsp; 24374005 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 24374005 |
| &nbsp;&nbsp;&nbsp;&nbsp; Life Sciences Tools & Services | &nbsp;&nbsp;&nbsp; 55755103 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 55755103 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | &nbsp;&nbsp;&nbsp; 67413363 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 67413363 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas & Consumable Fuels | &nbsp;&nbsp;&nbsp; 28242622 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 28242622 |
| &nbsp;&nbsp;&nbsp;&nbsp; Personal Care Products | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 18743614 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 18743614 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals | &nbsp;&nbsp;&nbsp; 235279291 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 235279291 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional Services | &nbsp;&nbsp;&nbsp; 51675989 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 51675989 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | &nbsp;&nbsp;&nbsp; 306471452 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 306471452 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp; 152749106 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 152749106 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Retail | &nbsp;&nbsp;&nbsp; 135912791 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 135912791 |
| &nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware, Storage & Peripherals | &nbsp;&nbsp;&nbsp; 88633112 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 88633112 |
| &nbsp;&nbsp;&nbsp;&nbsp; Textiles, Apparel & Luxury Goods | &nbsp;&nbsp;&nbsp; 69583061 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 69583061 |
| &nbsp;&nbsp;&nbsp;&nbsp; Water Utilities | &nbsp;&nbsp;&nbsp; 13167388 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13167388 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 2565154923 | &nbsp;&nbsp;&nbsp; 18743614 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2583898537 |
| Total Escrow Shares\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26513119 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26513119 |
| Total Investments | &nbsp;&nbsp;&nbsp; $2565154923 | &nbsp;&nbsp;&nbsp; $45256733 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $2610411656 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended March 31, 2026 is not presented.

**BHFTII-153**

------

**Brighthouse Funds Trust II**

**Frontier Mid Cap Growth Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—99.2% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Aerospace & Defense — 6.1%** | **Aerospace & Defense — 6.1%** | **Aerospace & Defense — 6.1%** |
| ATI, Inc. (a) | 74597 | &nbsp;&nbsp;&nbsp; $10850880 |
| FTAI Aviation Ltd.  | 105273 | &nbsp;&nbsp;&nbsp; 25791885 |
| L3Harris Technologies, Inc.  | 39025 | &nbsp;&nbsp;&nbsp; 13469479 |
| Rocket Lab Corp. (a) | 123424 | &nbsp;&nbsp;&nbsp; 7926289 |
|  |  | &nbsp;&nbsp;&nbsp; 58038533 |
| **Beverages — 1.9%** | **Beverages — 1.9%** | **Beverages — 1.9%** |
| Celsius Holdings, Inc. (a) (b) | 505863 | &nbsp;&nbsp;&nbsp; 17948019 |
| **Biotechnology — 5.7%** | **Biotechnology — 5.7%** | **Biotechnology — 5.7%** |
| Alnylam Pharmaceuticals, Inc. (a) | 16445 | &nbsp;&nbsp;&nbsp; 5441157 |
| Insmed, Inc. (a) | 84715 | &nbsp;&nbsp;&nbsp; 13852597 |
| Natera, Inc. (a) | 82803 | &nbsp;&nbsp;&nbsp; 16559772 |
| United Therapeutics Corp. (a) | 31276 | &nbsp;&nbsp;&nbsp; 18546042 |
|  |  | &nbsp;&nbsp;&nbsp; 54399568 |
| **Building Products — 1.3%** | **Building Products — 1.3%** | **Building Products — 1.3%** |
| Builders FirstSource, Inc. (a) | 150085 | &nbsp;&nbsp;&nbsp; 12356498 |
| **Capital Markets — 1.3%** | **Capital Markets — 1.3%** | **Capital Markets — 1.3%** |
| Carlyle Group, Inc.  | 84303 | &nbsp;&nbsp;&nbsp; 4079422 |
| MSCI, Inc.  | 6776 | &nbsp;&nbsp;&nbsp; 3652332 |
| Nasdaq, Inc. (b) | 57969 | &nbsp;&nbsp;&nbsp; 4920988 |
|  |  | &nbsp;&nbsp;&nbsp; 12652742 |
| **Chemicals — 0.7%** | **Chemicals — 0.7%** | **Chemicals — 0.7%** |
| Solstice Advanced Materials, Inc.  | 87672 | &nbsp;&nbsp;&nbsp; 6677100 |
| **Commercial Services & Supplies — 2.5%** | **Commercial Services & Supplies — 2.5%** | **Commercial Services & Supplies — 2.5%** |
| Cintas Corp.  | 33484 | &nbsp;&nbsp;&nbsp; 5663484 |
| Rollins, Inc. (b) | 221297 | &nbsp;&nbsp;&nbsp; 11819473 |
| Waste Connections, Inc.  | 37290 | &nbsp;&nbsp;&nbsp; 6057387 |
|  |  | &nbsp;&nbsp;&nbsp; 23540344 |
| **Communications Equipment — 1.4%** | **Communications Equipment — 1.4%** | **Communications Equipment — 1.4%** |
| Arista Networks, Inc. (a) | 74266 | &nbsp;&nbsp;&nbsp; 9118379 |
| Motorola Solutions, Inc.  | 10544 | &nbsp;&nbsp;&nbsp; 4575780 |
|  |  | &nbsp;&nbsp;&nbsp; 13694159 |
| **Construction & Engineering — 3.0%** | **Construction & Engineering — 3.0%** | **Construction & Engineering — 3.0%** |
| API Group Corp. (a) | 294302 | &nbsp;&nbsp;&nbsp; 11925117 |
| Quanta Services, Inc.  | 31021 | &nbsp;&nbsp;&nbsp; 17031149 |
|  |  | &nbsp;&nbsp;&nbsp; 28956266 |
| **Construction Materials — 1.0%** | **Construction Materials — 1.0%** | **Construction Materials — 1.0%** |
| Eagle Materials, Inc. (b) | 49440 | &nbsp;&nbsp;&nbsp; 9366408 |
| **Distributors — 0.3%** | **Distributors — 0.3%** | **Distributors — 0.3%** |
| Pool Corp.  | 15475 | &nbsp;&nbsp;&nbsp; 3131057 |
| **Diversified Consumer Services — 1.3%** | **Diversified Consumer Services — 1.3%** | **Diversified Consumer Services — 1.3%** |
| Stride, Inc. (a) (b) | 137071 | &nbsp;&nbsp;&nbsp; 12085550 |
| **Electrical Equipment — 0.7%** | **Electrical Equipment — 0.7%** | **Electrical Equipment — 0.7%** |
| Vertiv Holdings Co. - Class A | 24541 | &nbsp;&nbsp;&nbsp; 6149484 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Electronic Equipment, Instruments & Components — 1.9%** | **Electronic Equipment, Instruments & Components — 1.9%** | **Electronic Equipment, Instruments & Components — 1.9%** |
| Amphenol Corp. - Class A | 67551 | &nbsp;&nbsp;&nbsp; $8535069 |
| Jabil, Inc.  | 34526 | &nbsp;&nbsp;&nbsp; 9171141 |
|  |  | &nbsp;&nbsp;&nbsp; 17706210 |
| **Entertainment — 1.3%** | **Entertainment — 1.3%** | **Entertainment — 1.3%** |
| ROBLOX Corp. - Class A (a) | 222231 | &nbsp;&nbsp;&nbsp; 12569385 |
| **Financial Services — 0.4%** | **Financial Services — 0.4%** | **Financial Services — 0.4%** |
| Block, Inc. (a) | 68215 | &nbsp;&nbsp;&nbsp; 4105179 |
| **Ground Transportation — 6.9%** | **Ground Transportation — 6.9%** | **Ground Transportation — 6.9%** |
| Knight-Swift Transportation Holdings, Inc. (b) | 387842 | &nbsp;&nbsp;&nbsp; 22331942 |
| XPO, Inc. (a) (b) | 220885 | &nbsp;&nbsp;&nbsp; 42973177 |
|  |  | &nbsp;&nbsp;&nbsp; 65305119 |
| **Health Care Equipment & Supplies — 6.9%** | **Health Care Equipment & Supplies — 6.9%** | **Health Care Equipment & Supplies — 6.9%** |
| Alcon AG (b) | 86886 | &nbsp;&nbsp;&nbsp; 6546860 |
| Align Technology, Inc. (a) | 70642 | &nbsp;&nbsp;&nbsp; 12110158 |
| Dexcom, Inc. (a) | 233748 | &nbsp;&nbsp;&nbsp; 14679375 |
| GE HealthCare Technologies, Inc.  | 91798 | &nbsp;&nbsp;&nbsp; 6534182 |
| IDEXX Laboratories, Inc. (a) | 19108 | &nbsp;&nbsp;&nbsp; 10736594 |
| ResMed, Inc.  | 35335 | &nbsp;&nbsp;&nbsp; 7932001 |
| STERIS PLC | 30349 | &nbsp;&nbsp;&nbsp; 6711074 |
|  |  | &nbsp;&nbsp;&nbsp; 65250244 |
| **Health Care Providers & Services — 1.9%** | **Health Care Providers & Services — 1.9%** | **Health Care Providers & Services — 1.9%** |
| Cencora, Inc.  | 58428 | &nbsp;&nbsp;&nbsp; 18354572 |
| **Health Care Technology — 0.3%** | **Health Care Technology — 0.3%** | **Health Care Technology — 0.3%** |
| Veeva Systems, Inc. - Class A (a) | 16279 | &nbsp;&nbsp;&nbsp; 2859569 |
| **Hotels, Restaurants & Leisure — 6.4%** | **Hotels, Restaurants & Leisure — 6.4%** | **Hotels, Restaurants & Leisure — 6.4%** |
| Chipotle Mexican Grill, Inc. (a) | 211553 | &nbsp;&nbsp;&nbsp; 6771811 |
| Domino's Pizza, Inc.  | 26144 | &nbsp;&nbsp;&nbsp; 9380206 |
| Planet Fitness, Inc. - Class A (a) | 50837 | &nbsp;&nbsp;&nbsp; 3781256 |
| Royal Caribbean Cruises Ltd. (b) | 128781 | &nbsp;&nbsp;&nbsp; 35437956 |
| Wingstop, Inc. (b) | 33073 | &nbsp;&nbsp;&nbsp; 5125323 |
|  |  | &nbsp;&nbsp;&nbsp; 60496552 |
| **Household Products — 1.0%** | **Household Products — 1.0%** | **Household Products — 1.0%** |
| Church & Dwight Co., Inc.  | 98692 | &nbsp;&nbsp;&nbsp; 9209937 |
| **Independent Power and Renewable Electricity Producers — 1.6%** | **Independent Power and Renewable Electricity Producers — 1.6%** | **Independent Power and Renewable Electricity Producers — 1.6%** |
| Vistra Corp.  | 102628 | &nbsp;&nbsp;&nbsp; 15428067 |
| **Industrial REITs — 0.8%** | **Industrial REITs — 0.8%** | **Industrial REITs — 0.8%** |
| First Industrial Realty Trust, Inc.  | 133877 | &nbsp;&nbsp;&nbsp; 7744784 |
| **Insurance — 1.1%** | **Insurance — 1.1%** | **Insurance — 1.1%** |
| Aon PLC - Class A | 18977 | &nbsp;&nbsp;&nbsp; 6125396 |
| Lemonade, Inc. (a) (b) | 74916 | &nbsp;&nbsp;&nbsp; 4695735 |
|  |  | &nbsp;&nbsp;&nbsp; 10821131 |
| **Interactive Media & Services — 0.7%** | **Interactive Media & Services — 0.7%** | **Interactive Media & Services — 0.7%** |
| Reddit, Inc. - Class A (a) | 52023 | &nbsp;&nbsp;&nbsp; 7004897 |

---

**BHFTII-154**

------

**Brighthouse Funds Trust II**

**Frontier Mid Cap Growth Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **IT Services — 6.1%** | **IT Services — 6.1%** | **IT Services — 6.1%** |
| Akamai Technologies, Inc. (a) (b) | 213173 | &nbsp;&nbsp;&nbsp; $24482919 |
| Cloudflare, Inc. - Class A (a) | 85427 | &nbsp;&nbsp;&nbsp; 17627007 |
| MongoDB, Inc. (a) | 41940 | &nbsp;&nbsp;&nbsp; 10265654 |
| Snowflake, Inc. - Class A (a) | 38585 | &nbsp;&nbsp;&nbsp; 5819390 |
|  |  | &nbsp;&nbsp;&nbsp; 58194970 |
| **Life Sciences Tools & Services — 1.6%** | **Life Sciences Tools & Services — 1.6%** | **Life Sciences Tools & Services — 1.6%** |
| Agilent Technologies, Inc.  | 56673 | &nbsp;&nbsp;&nbsp; 6459588 |
| Mettler-Toledo International, Inc. (a) | 7149 | &nbsp;&nbsp;&nbsp; 9016319 |
|  |  | &nbsp;&nbsp;&nbsp; 15475907 |
| **Machinery — 3.4%** | **Machinery — 3.4%** | **Machinery — 3.4%** |
| Mueller Industries, Inc.  | 106471 | &nbsp;&nbsp;&nbsp; 11796987 |
| RBC Bearings, Inc. (a) | 28847 | &nbsp;&nbsp;&nbsp; 15667383 |
| Symbotic, Inc. (a) (b) | 96832 | &nbsp;&nbsp;&nbsp; 5151462 |
|  |  | &nbsp;&nbsp;&nbsp; 32615832 |
| **Media — 0.4%** | **Media — 0.4%** | **Media — 0.4%** |
| Trade Desk, Inc. - Class A (a) | 173517 | &nbsp;&nbsp;&nbsp; 3937101 |
| **Oil, Gas & Consumable Fuels — 2.9%** | **Oil, Gas & Consumable Fuels — 2.9%** | **Oil, Gas & Consumable Fuels — 2.9%** |
| Cheniere Energy, Inc.  | 63763 | &nbsp;&nbsp;&nbsp; 18093389 |
| Permian Resources Corp. - Class A | 430577 | &nbsp;&nbsp;&nbsp; 9179902 |
|  |  | &nbsp;&nbsp;&nbsp; 27273291 |
| **Professional Services — 0.5%** | **Professional Services — 0.5%** | **Professional Services — 0.5%** |
| CACI International, Inc. - Class A (a) (b) | 8900 | &nbsp;&nbsp;&nbsp; 4840443 |
| **Semiconductors & Semiconductor Equipment — 13.4%** | **Semiconductors & Semiconductor Equipment — 13.4%** | **Semiconductors & Semiconductor Equipment — 13.4%** |
| Allegro MicroSystems, Inc. (a) (b) | 142868 | &nbsp;&nbsp;&nbsp; 4504628 |
| Astera Labs, Inc. (a) | 46080 | &nbsp;&nbsp;&nbsp; 5050368 |
| Entegris, Inc.  | 65584 | &nbsp;&nbsp;&nbsp; 7689068 |
| KLA Corp.  | 4350 | &nbsp;&nbsp;&nbsp; 6404984 |
| Lattice Semiconductor Corp. (a) | 108249 | &nbsp;&nbsp;&nbsp; 10041177 |
| Marvell Technology, Inc.  | 292354 | &nbsp;&nbsp;&nbsp; 28957664 |
| Monolithic Power Systems, Inc.  | 22624 | &nbsp;&nbsp;&nbsp; 24735951 |
| NXP Semiconductors NV | 49776 | &nbsp;&nbsp;&nbsp; 9798903 |
| Skyworks Solutions, Inc. (b) | 98034 | &nbsp;&nbsp;&nbsp; 5249721 |
| Synaptics, Inc. (a) (b) | 67808 | &nbsp;&nbsp;&nbsp; 4749272 |
| Teradyne, Inc.  | 69881 | &nbsp;&nbsp;&nbsp; 20716921 |
|  |  | &nbsp;&nbsp;&nbsp; 127898657 |
| **Software — 5.4%** | **Software — 5.4%** | **Software — 5.4%** |
| Circle Internet Group, Inc. (a) | 120960 | &nbsp;&nbsp;&nbsp; 11540793 |
| Datadog, Inc. - Class A (a) | 50538 | &nbsp;&nbsp;&nbsp; 5966011 |
| Fair Isaac Corp. (a) | 14278 | &nbsp;&nbsp;&nbsp; 15242336 |
| Guidewire Software, Inc. (a) | 56902 | &nbsp;&nbsp;&nbsp; 8510263 |
| Workday, Inc. - Class A (a) | 61317 | &nbsp;&nbsp;&nbsp; 7966305 |
| Zscaler, Inc. (a) | 18640 | &nbsp;&nbsp;&nbsp; 2615006 |
|  |  | &nbsp;&nbsp;&nbsp; 51840714 |
| **Specialty Retail — 4.3%** | **Specialty Retail — 4.3%** | **Specialty Retail — 4.3%** |
| Burlington Stores, Inc. (a) | 40522 | &nbsp;&nbsp;&nbsp; 13185048 |
| Floor & Decor Holdings, Inc. - Class A (a) (b) | 77195 | &nbsp;&nbsp;&nbsp; 3921506 |
| Murphy USA, Inc. (b) | 22928 | &nbsp;&nbsp;&nbsp; 11325744 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Specialty Retail—(Continued)** | **Specialty Retail—(Continued)** | **Specialty Retail—(Continued)** |
| Ross Stores, Inc.  | 14374 | &nbsp;&nbsp;&nbsp; $3113840 |
| Tractor Supply Co. (b) | 196617 | &nbsp;&nbsp;&nbsp; 8906750 |
|  |  | &nbsp;&nbsp;&nbsp; 40452888 |
| **Technology Hardware, Storage & Peripherals — 0.5%** | **Technology Hardware, Storage & Peripherals — 0.5%** | **Technology Hardware, Storage & Peripherals — 0.5%** |
| Everpure, Inc. - Class A (a) | 83697 | &nbsp;&nbsp;&nbsp; 4941471 |
| **Textiles, Apparel & Luxury Goods — 1.4%** | **Textiles, Apparel & Luxury Goods — 1.4%** | **Textiles, Apparel & Luxury Goods — 1.4%** |
| Deckers Outdoor Corp. (a) | 69486 | &nbsp;&nbsp;&nbsp; 6954854 |
| Lululemon Athletica, Inc. (a) | 41918 | &nbsp;&nbsp;&nbsp; 6417646 |
|  |  | &nbsp;&nbsp;&nbsp; 13372500 |
| **Trading Companies & Distributors — 0.9%** | **Trading Companies & Distributors — 0.9%** | **Trading Companies & Distributors — 0.9%** |
| QXO, Inc. (a) (b) | 458682 | &nbsp;&nbsp;&nbsp; 8907604 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $885,462,271) <br>|  | &nbsp;&nbsp;&nbsp; 945602752 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—1.3%** | **Short-Term Investments—1.3%** | **Short-Term Investments—1.3%** |
| **Repurchase Agreement—1.3%** | **Repurchase Agreement—1.3%** | **Repurchase Agreement—1.3%** |
| Fixed Income Clearing Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 2.500%, due on <br> 04/01/26, with a maturity value of $12,475,939; <br> collateralized by U.S. Treasury Note at 4.375%, maturing <br> 07/15/27, with a market value of $12,724,704<br>| 12475073 | &nbsp;&nbsp;&nbsp; 12475073 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $12,475,073) <br>|  | &nbsp;&nbsp;&nbsp; 12475073 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (c)—7.4%** | **Securities Lending Reinvestments (c)—7.4%** | **Securities Lending Reinvestments (c)—7.4%** |
| **Short-Term Investment Funds—2.3%** | **Short-Term Investment Funds—2.3%** | **Short-Term Investment Funds—2.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (d)<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Government Portfolio, <br>Class I 3.530% (d)<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br>Institutional Shares 3.530% (d)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares 3.580% (d)<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
|  |  | &nbsp;&nbsp;&nbsp; 22000000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Certificate of Deposit—0.1%** | **Certificate of Deposit—0.1%** | **Certificate of Deposit—0.1%** |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.760%, 05/12/26 | 1000000 | &nbsp;&nbsp;&nbsp; 999969 |
| **Commercial Paper—0.3%** | **Commercial Paper—0.3%** | **Commercial Paper—0.3%** |
| Concord Minutemen Capital Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 06/18/26 (e) | 2000000 | &nbsp;&nbsp;&nbsp; 1999996 |
| Ionic Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.720%, 04/01/26 | 1000000 | &nbsp;&nbsp;&nbsp; 999892 |
|  |  | &nbsp;&nbsp;&nbsp; 2999888 |

---

**BHFTII-155**

------

**Brighthouse Funds Trust II**

**Frontier Mid Cap Growth Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Securities Lending Reinvestments (c)—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Repurchase Agreements—4.1%** | **Repurchase Agreements—4.1%** | **Repurchase Agreements—4.1%** |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $9,000,912; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.000% - <br> 5.000%, maturity dates ranging from 06/30/26 - 02/15/54, <br> and an aggregate market value of $9,180,000<br>| 9000000 | &nbsp;&nbsp;&nbsp; $9000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.700%, due on <br> 04/01/26 with a maturity value of $1,500,154; collateralized <br> by various Common Stock with an aggregate market value of <br> $1,668,422<br>| 1500000 | &nbsp;&nbsp;&nbsp; 1500000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.770%, due on <br> 04/01/26 with a maturity value of $5,000,524; collateralized <br> by various Common Stock with an aggregate market value of <br> $5,561,405<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| Cantor Fitzgerald & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.670%, due on <br> 04/01/26 with a maturity value of $2,000,204; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.000% - <br> 4.875%, maturity dates ranging from 04/09/26 - 02/15/56, <br> and an aggregate market value of $2,040,000<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| Citigroup Global Markets, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.690%, due on <br> 04/01/26 with a maturity value of $5,000,512; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.125% - <br> 6.125%, maturity dates ranging from 06/15/27 - 02/15/32, <br> and various Common Stock with an aggregate market value of <br> $5,100,066<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| National Bank Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $2,000,210; collateralized <br> by U.S. Treasury Bond at 3.875%, maturing 02/15/43, and <br> various Common Stock with an aggregate market value of <br> $2,221,965<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $5,000,525; collateralized <br> by various Common Stock with an aggregate market value of <br> $5,573,144<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.800%, due on <br> 04/07/26 with a maturity value of $1,000,739; collateralized <br> by U.S. Treasury Obligations with rates ranging from 3.750% - <br> 4.250%, maturity dates ranging from 05/15/28 - 08/15/35, <br> and various Common Stock with an aggregate market value of <br> $1,068,111<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| NatWest Markets Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $7,996,599; collateralized <br> by U.S. Treasury Obligations with rates ranging from 1.125% - <br> 4.875%, maturity dates ranging from 09/15/26 - 08/15/35, <br> and an aggregate market value of $8,156,532<br>| 7995789 | &nbsp;&nbsp;&nbsp; 7995789 |
|  |  | &nbsp;&nbsp;&nbsp; 38495789 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Time Deposits—0.6%** | **Time Deposits—0.6%** | **Time Deposits—0.6%** |
| Credit Agricole CIB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.630%, 04/01/26 | 2000000 | &nbsp;&nbsp;&nbsp; $2000000 |
| DZ Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| Svenska NY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
|  |  | &nbsp;&nbsp;&nbsp; 6000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $70,495,597) <br>|  | &nbsp;&nbsp;&nbsp; 70495646 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—107.9% <br>(Cost $968,432,941) <br>|  | &nbsp;&nbsp;&nbsp; 1028573471 |
| Other assets and liabilities (net)—(7.9)%  |  | &nbsp;&nbsp;&nbsp; (75066156)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $953507315 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Principal amount stated in U.S. dollars unless otherwise noted.

(a) Non-income producing security.

(b) All or a portion of the security was held on loan. As of March 31, 2026, the market value of securities loaned was $122,808,156 and the collateral received consisted of cash in the amount of $70,502,361 and non-cash collateral with a value of $50,479,278. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. 

(c) Represents investment of cash collateral received from securities on loan as of March 31, 2026.

(d) The rate shown represents the annualized seven-day yield as of March 31, 2026.

(e) Variable or floating rate security. The stated rate represents the rate at March 31, 2026. 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. 

**BHFTII-156**

------

**Brighthouse Funds Trust II**

**Frontier Mid Cap Growth Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Total Common Stocks\* | &nbsp;&nbsp;&nbsp; $945602752 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $945602752 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12475073 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12475073 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 22000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate of Deposit | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 999969 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 999969 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2999888 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2999888 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 38495789 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 38495789 |
| &nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6000000 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 22000000 | &nbsp;&nbsp;&nbsp; 48495646 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 70495646 |
| Total Investments | &nbsp;&nbsp;&nbsp; $967602752 | &nbsp;&nbsp;&nbsp; $60970719 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1028573471 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(70502361)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(70502361)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

**BHFTII-157**

------

**Brighthouse Funds Trust II**

**Jennison Growth Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—99.0% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Aerospace & Defense — 4.9%** | **Aerospace & Defense — 4.9%** | **Aerospace & Defense — 4.9%** |
| Axon Enterprise, Inc. (a) (b) | 26283 | &nbsp;&nbsp;&nbsp; $11162127 |
| Boeing Co. (b) | 246150 | &nbsp;&nbsp;&nbsp; 48991235 |
| General Electric Co.  | 221082 | &nbsp;&nbsp;&nbsp; 62736439 |
|  |  | &nbsp;&nbsp;&nbsp; 122889801 |
| **Automobiles — 3.5%** | **Automobiles — 3.5%** | **Automobiles — 3.5%** |
| Tesla, Inc. (b) | 240417 | &nbsp;&nbsp;&nbsp; 89375020 |
| **Biotechnology — 0.8%** | **Biotechnology — 0.8%** | **Biotechnology — 0.8%** |
| Vertex Pharmaceuticals, Inc. (b) | 44531 | &nbsp;&nbsp;&nbsp; 19884873 |
| **Broadline Retail — 7.9%** | **Broadline Retail — 7.9%** | **Broadline Retail — 7.9%** |
| Amazon.com, Inc. (b) | 892528 | &nbsp;&nbsp;&nbsp; 185886807 |
| MercadoLibre, Inc. (b) | 7177 | &nbsp;&nbsp;&nbsp; 12409176 |
|  |  | &nbsp;&nbsp;&nbsp; 198295983 |
| **Capital Markets — 1.2%** | **Capital Markets — 1.2%** | **Capital Markets — 1.2%** |
| Goldman Sachs Group, Inc.  | 34395 | &nbsp;&nbsp;&nbsp; 29097826 |
| **Consumer Staples Distribution & Retail — 3.6%** | **Consumer Staples Distribution & Retail — 3.6%** | **Consumer Staples Distribution & Retail — 3.6%** |
| Costco Wholesale Corp.  | 49560 | &nbsp;&nbsp;&nbsp; 49383071 |
| Walmart, Inc.  | 335493 | &nbsp;&nbsp;&nbsp; 41695070 |
|  |  | &nbsp;&nbsp;&nbsp; 91078141 |
| **Electric Utilities — 1.6%** | **Electric Utilities — 1.6%** | **Electric Utilities — 1.6%** |
| Constellation Energy Corp.  | 145489 | &nbsp;&nbsp;&nbsp; 40627803 |
| **Electronic Equipment, Instruments & Components — 1.2%** | **Electronic Equipment, Instruments & Components — 1.2%** | **Electronic Equipment, Instruments & Components — 1.2%** |
| Amphenol Corp. - Class A | 233154 | &nbsp;&nbsp;&nbsp; 29459008 |
| **Entertainment — 4.9%** | **Entertainment — 4.9%** | **Entertainment — 4.9%** |
| Netflix, Inc. (b) | 578533 | &nbsp;&nbsp;&nbsp; 55625948 |
| Spotify Technology SA (b) | 75012 | &nbsp;&nbsp;&nbsp; 36374069 |
| Walt Disney Co.  | 322918 | &nbsp;&nbsp;&nbsp; 31122837 |
|  |  | &nbsp;&nbsp;&nbsp; 123122854 |
| **Financial Services — 4.5%** | **Financial Services — 4.5%** | **Financial Services — 4.5%** |
| Mastercard, Inc. - Class A | 124490 | &nbsp;&nbsp;&nbsp; 62202673 |
| Visa, Inc. - Class A | 169854 | &nbsp;&nbsp;&nbsp; 51336673 |
|  |  | &nbsp;&nbsp;&nbsp; 113539346 |
| **Health Care Equipment & Supplies — 2.2%** | **Health Care Equipment & Supplies — 2.2%** | **Health Care Equipment & Supplies — 2.2%** |
| Edwards Lifesciences Corp. (b) | 319342 | &nbsp;&nbsp;&nbsp; 25572907 |
| Intuitive Surgical, Inc. (b) | 63711 | &nbsp;&nbsp;&nbsp; 29370134 |
|  |  | &nbsp;&nbsp;&nbsp; 54943041 |
| **Hotels, Restaurants & Leisure — 1.6%** | **Hotels, Restaurants & Leisure — 1.6%** | **Hotels, Restaurants & Leisure — 1.6%** |
| Airbnb, Inc. - Class A (b) | 103013 | &nbsp;&nbsp;&nbsp; 13008482 |
| Hilton Worldwide Holdings, Inc.  | 91552 | &nbsp;&nbsp;&nbsp; 27839132 |
|  |  | &nbsp;&nbsp;&nbsp; 40847614 |
| **Interactive Media & Services — 11.2%** | **Interactive Media & Services — 11.2%** | **Interactive Media & Services — 11.2%** |
| Alphabet, Inc. - Class A | 317303 | &nbsp;&nbsp;&nbsp; 91243651 |
| Alphabet, Inc. - Class C | 315927 | &nbsp;&nbsp;&nbsp; 90626819 |
| Meta Platforms, Inc. - Class A | 177313 | &nbsp;&nbsp;&nbsp; 101446087 |
|  |  | &nbsp;&nbsp;&nbsp; 283316557 |
| **IT Services — 3.0%** | **IT Services — 3.0%** | **IT Services — 3.0%** |
| Cloudflare, Inc. - Class A (b) | 78606 | &nbsp;&nbsp;&nbsp; 16219562 |
| Shopify, Inc. - Class A (b) | 290399 | &nbsp;&nbsp;&nbsp; 34447129 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **IT Services—(Continued)** | **IT Services—(Continued)** | **IT Services—(Continued)** |
| Snowflake, Inc. - Class A (b) | 158208 | &nbsp;&nbsp;&nbsp; $23860931 |
|  |  | &nbsp;&nbsp;&nbsp; 74527622 |
| **Pharmaceuticals — 5.0%** | **Pharmaceuticals — 5.0%** | **Pharmaceuticals — 5.0%** |
| Eli Lilly & Co.  | 108725 | &nbsp;&nbsp;&nbsp; 100001993 |
| Merck & Co., Inc.  | 214756 | &nbsp;&nbsp;&nbsp; 25832999 |
|  |  | &nbsp;&nbsp;&nbsp; 125834992 |
| **Semiconductors & Semiconductor Equipment — 22.0%** | **Semiconductors & Semiconductor Equipment — 22.0%** | **Semiconductors & Semiconductor Equipment — 22.0%** |
| Advanced Micro Devices, Inc. (b) | 209851 | &nbsp;&nbsp;&nbsp; 42689989 |
| Broadcom, Inc.  | 528064 | &nbsp;&nbsp;&nbsp; 163441089 |
| KLA Corp.  | 12844 | &nbsp;&nbsp;&nbsp; 18911634 |
| NVIDIA Corp.  | 1571384 | &nbsp;&nbsp;&nbsp; 274049370 |
| Taiwan Semiconductor Manufacturing Co. Ltd. (ADR) | 153615 | &nbsp;&nbsp;&nbsp; 51914189 |
| Texas Instruments, Inc.  | 27809 | &nbsp;&nbsp;&nbsp; 5398839 |
|  |  | &nbsp;&nbsp;&nbsp; 556405110 |
| **Software — 11.5%** | **Software — 11.5%** | **Software — 11.5%** |
| AppLovin Corp. - Class A (b) | 49514 | &nbsp;&nbsp;&nbsp; 19706572 |
| Cadence Design Systems, Inc. (b) | 118945 | &nbsp;&nbsp;&nbsp; 33051247 |
| Crowdstrike Holdings, Inc. - Class A (b) | 80645 | &nbsp;&nbsp;&nbsp; 31484615 |
| Datadog, Inc. - Class A (a) (b) | 165445 | &nbsp;&nbsp;&nbsp; 19530782 |
| Microsoft Corp.  | 362328 | &nbsp;&nbsp;&nbsp; 134122956 |
| Oracle Corp.  | 148191 | &nbsp;&nbsp;&nbsp; 21800378 |
| Palantir Technologies, Inc. - Class A (b) | 214137 | &nbsp;&nbsp;&nbsp; 31323960 |
|  |  | &nbsp;&nbsp;&nbsp; 291020510 |
| **Specialty Retail — 1.5%** | **Specialty Retail — 1.5%** | **Specialty Retail — 1.5%** |
| O'Reilly Automotive, Inc. (b) | 271056 | &nbsp;&nbsp;&nbsp; 25021179 |
| TJX Cos., Inc.  | 88418 | &nbsp;&nbsp;&nbsp; 14120355 |
|  |  | &nbsp;&nbsp;&nbsp; 39141534 |
| **Technology Hardware, Storage & Peripherals — 6.9%** | **Technology Hardware, Storage & Peripherals — 6.9%** | **Technology Hardware, Storage & Peripherals — 6.9%** |
| Apple, Inc.  | 690661 | &nbsp;&nbsp;&nbsp; 175282855 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $1,465,602,812) <br>|  | &nbsp;&nbsp;&nbsp; 2498690490 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—1.0%** | **Short-Term Investments—1.0%** | **Short-Term Investments—1.0%** |
| **Repurchase Agreement—1.0%** | **Repurchase Agreement—1.0%** | **Repurchase Agreement—1.0%** |
| Fixed Income Clearing Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 2.500%, due on <br> 04/01/26, with a maturity value of $26,055,154; <br> collateralized by U.S. Treasury Note at 4.375%, maturing <br> 07/15/27, with a market value of $26,574,514<br>| 26053345 | &nbsp;&nbsp;&nbsp; 26053345 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $26,053,345) <br>|  | &nbsp;&nbsp;&nbsp; 26053345 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—100.0% <br>(Cost $1,491,656,157) <br>|  | &nbsp;&nbsp;&nbsp; 2524743835 |
| Other assets and liabilities (net)—0.0%  |  | &nbsp;&nbsp;&nbsp; (882700)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $2523861135 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Principal amount stated in U.S. dollars unless otherwise noted.

(a) All or a portion of the security was held on loan. As of March 31, 2026, the market value of securities loaned was $10,056,998 and the collateral received consisted of non-cash collateral with a value of $10,031,955. 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.

**BHFTII-158**

------

**Brighthouse Funds Trust II**

**Jennison Growth Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Total Common Stocks\* | &nbsp;&nbsp;&nbsp; $2498690490 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $2498690490 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26053345 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26053345 |
| Total Investments | &nbsp;&nbsp;&nbsp; $2498690490 | &nbsp;&nbsp;&nbsp; $26053345 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $2524743835 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

**BHFTII-159**

------

**Brighthouse Funds Trust II**

**Loomis Sayles Small Cap Core Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—97.9% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Aerospace & Defense — 5.7%** | **Aerospace & Defense — 5.7%** | **Aerospace & Defense — 5.7%** |
| AAR Corp. (a) | 13249 | &nbsp;&nbsp;&nbsp; $1450236 |
| ATI, Inc. (a) | 11725 | &nbsp;&nbsp;&nbsp; 1705518 |
| Cadre Holdings, Inc.  | 15516 | &nbsp;&nbsp;&nbsp; 476031 |
| Ducommun, Inc. (a) | 6324 | &nbsp;&nbsp;&nbsp; 771528 |
| Hexcel Corp.  | 13712 | &nbsp;&nbsp;&nbsp; 1109712 |
| Kratos Defense & Security Solutions, Inc. (a) | 9819 | &nbsp;&nbsp;&nbsp; 692338 |
| Mercury Systems, Inc. (a) | 16173 | &nbsp;&nbsp;&nbsp; 1179173 |
| Moog, Inc. - Class A | 18390 | &nbsp;&nbsp;&nbsp; 5381650 |
| V2X, Inc. (a) | 45257 | &nbsp;&nbsp;&nbsp; 3100104 |
| VSE Corp.  | 21117 | &nbsp;&nbsp;&nbsp; 3893975 |
|  |  | &nbsp;&nbsp;&nbsp; 19760265 |
| **Automobile Components — 2.6%** | **Automobile Components — 2.6%** | **Automobile Components — 2.6%** |
| Dana, Inc.  | 94866 | &nbsp;&nbsp;&nbsp; 3192241 |
| Dorman Products, Inc. (a) | 6088 | &nbsp;&nbsp;&nbsp; 635343 |
| Garrett Motion, Inc.  | 227895 | &nbsp;&nbsp;&nbsp; 4140852 |
| Patrick Industries, Inc. (b) | 11325 | &nbsp;&nbsp;&nbsp; 1257868 |
|  |  | &nbsp;&nbsp;&nbsp; 9226304 |
| **Banks — 10.4%** | **Banks — 10.4%** | **Banks — 10.4%** |
| Ameris Bancorp | 58426 | &nbsp;&nbsp;&nbsp; 4556644 |
| Bancorp, Inc. (a) | 24517 | &nbsp;&nbsp;&nbsp; 1317298 |
| Coastal Financial Corp. (a) | 7632 | &nbsp;&nbsp;&nbsp; 580795 |
| FB Financial Corp.  | 68248 | &nbsp;&nbsp;&nbsp; 3544801 |
| First Busey Corp.  | 76416 | &nbsp;&nbsp;&nbsp; 1931032 |
| First Financial Bancorp | 79527 | &nbsp;&nbsp;&nbsp; 2217213 |
| Hanmi Financial Corp.  | 34144 | &nbsp;&nbsp;&nbsp; 900036 |
| Home BancShares, Inc.  | 116577 | &nbsp;&nbsp;&nbsp; 3139419 |
| Live Oak Bancshares, Inc.  | 18032 | &nbsp;&nbsp;&nbsp; 596318 |
| Popular, Inc.  | 35811 | &nbsp;&nbsp;&nbsp; 4804762 |
| Prosperity Bancshares, Inc.  | 44960 | &nbsp;&nbsp;&nbsp; 3020413 |
| ServisFirst Bancshares, Inc.  | 23975 | &nbsp;&nbsp;&nbsp; 1746099 |
| Southstate Bank Corp.  | 39291 | &nbsp;&nbsp;&nbsp; 3635203 |
| Western Alliance Bancorp | 23383 | &nbsp;&nbsp;&nbsp; 1656686 |
| Wintrust Financial Corp.  | 18908 | &nbsp;&nbsp;&nbsp; 2627077 |
|  |  | &nbsp;&nbsp;&nbsp; 36273796 |
| **Beverages — 0.4%** | **Beverages — 0.4%** | **Beverages — 0.4%** |
| Vita Coco Co., Inc. (a) | 26853 | &nbsp;&nbsp;&nbsp; 1286527 |
| **Biotechnology — 2.4%** | **Biotechnology — 2.4%** | **Biotechnology — 2.4%** |
| Alkermes PLC (a) | 30591 | &nbsp;&nbsp;&nbsp; 1081698 |
| Apogee Therapeutics, Inc. (a) | 9088 | &nbsp;&nbsp;&nbsp; 764937 |
| Disc Medicine, Inc. (a) (b) | 7946 | &nbsp;&nbsp;&nbsp; 508067 |
| Mirum Pharmaceuticals, Inc. (a) | 11960 | &nbsp;&nbsp;&nbsp; 1104865 |
| PTC Therapeutics, Inc. (a) | 6908 | &nbsp;&nbsp;&nbsp; 470642 |
| Rhythm Pharmaceuticals, Inc. (a) | 11704 | &nbsp;&nbsp;&nbsp; 1017897 |
| Scholar Rock Holding Corp. (a) | 16068 | &nbsp;&nbsp;&nbsp; 789903 |
| Twist Bioscience Corp. (a) | 12378 | &nbsp;&nbsp;&nbsp; 588202 |
| Vericel Corp. (a) | 24535 | &nbsp;&nbsp;&nbsp; 789291 |
| Viridian Therapeutics, Inc. (a) | 23364 | &nbsp;&nbsp;&nbsp; 457000 |
| Xenon Pharmaceuticals, Inc. (a) | 14213 | &nbsp;&nbsp;&nbsp; 826486 |
|  |  | &nbsp;&nbsp;&nbsp; 8398988 |
| **Broadline Retail — 0.2%** | **Broadline Retail — 0.2%** | **Broadline Retail — 0.2%** |
| Pattern Group, Inc. - Class A (a) | 49356 | &nbsp;&nbsp;&nbsp; 613495 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Building Products — 2.6%** | **Building Products — 2.6%** | **Building Products — 2.6%** |
| CSW Industrials, Inc.  | 2600 | &nbsp;&nbsp;&nbsp; $677508 |
| Griffon Corp.  | 45551 | &nbsp;&nbsp;&nbsp; 3310647 |
| Modine Manufacturing Co. (a) | 3813 | &nbsp;&nbsp;&nbsp; 826315 |
| Resideo Technologies, Inc. (a) | 73266 | &nbsp;&nbsp;&nbsp; 2469797 |
| Trex Co., Inc. (a) | 48812 | &nbsp;&nbsp;&nbsp; 1777733 |
|  |  | &nbsp;&nbsp;&nbsp; 9062000 |
| **Capital Markets — 4.6%** | **Capital Markets — 4.6%** | **Capital Markets — 4.6%** |
| Affiliated Managers Group, Inc.  | 6719 | &nbsp;&nbsp;&nbsp; 1859147 |
| Donnelley Financial Solutions, Inc. (a) | 52910 | &nbsp;&nbsp;&nbsp; 2494177 |
| Marex Group PLC | 96200 | &nbsp;&nbsp;&nbsp; 4288596 |
| Perella Weinberg Partners | 85313 | &nbsp;&nbsp;&nbsp; 1549284 |
| Piper Sandler Cos.  | 13496 | &nbsp;&nbsp;&nbsp; 1033119 |
| PJT Partners, Inc. - Class A | 7446 | &nbsp;&nbsp;&nbsp; 1040355 |
| Stifel Financial Corp.  | 42744 | &nbsp;&nbsp;&nbsp; 3159637 |
| WisdomTree, Inc. (b) | 41651 | &nbsp;&nbsp;&nbsp; 606439 |
|  |  | &nbsp;&nbsp;&nbsp; 16030754 |
| **Chemicals — 1.9%** | **Chemicals — 1.9%** | **Chemicals — 1.9%** |
| Ecovyst, Inc. (a) | 220038 | &nbsp;&nbsp;&nbsp; 2829689 |
| Hawkins, Inc.  | 8989 | &nbsp;&nbsp;&nbsp; 1380710 |
| Solstice Advanced Materials, Inc.  | 32997 | &nbsp;&nbsp;&nbsp; 2513052 |
|  |  | &nbsp;&nbsp;&nbsp; 6723451 |
| **Commercial Services & Supplies — 0.8%** | **Commercial Services & Supplies — 0.8%** | **Commercial Services & Supplies — 0.8%** |
| Boyd Group, Inc.  | 15777 | &nbsp;&nbsp;&nbsp; 2017247 |
| Casella Waste Systems, Inc. - Class A (a) | 11755 | &nbsp;&nbsp;&nbsp; 932642 |
|  |  | &nbsp;&nbsp;&nbsp; 2949889 |
| **Communications Equipment — 0.9%** | **Communications Equipment — 0.9%** | **Communications Equipment — 0.9%** |
| Calix, Inc. (a) | 21053 | &nbsp;&nbsp;&nbsp; 1031386 |
| Extreme Networks, Inc. (a) | 68060 | &nbsp;&nbsp;&nbsp; 1026345 |
| Viavi Solutions, Inc. (a) | 29478 | &nbsp;&nbsp;&nbsp; 981028 |
|  |  | &nbsp;&nbsp;&nbsp; 3038759 |
| **Construction & Engineering — 3.1%** | **Construction & Engineering — 3.1%** | **Construction & Engineering — 3.1%** |
| Arcosa, Inc.  | 43819 | &nbsp;&nbsp;&nbsp; 4650948 |
| Construction Partners, Inc. - Class A (a) | 13639 | &nbsp;&nbsp;&nbsp; 1515566 |
| Everus Construction Group, Inc. (a) | 10781 | &nbsp;&nbsp;&nbsp; 1272805 |
| Legence Corp. - Class A (a) | 10550 | &nbsp;&nbsp;&nbsp; 595653 |
| MYR Group, Inc. (a) | 4259 | &nbsp;&nbsp;&nbsp; 1202401 |
| Sterling Infrastructure, Inc. (a) | 4085 | &nbsp;&nbsp;&nbsp; 1663698 |
|  |  | &nbsp;&nbsp;&nbsp; 10901071 |
| **Construction Materials — 0.9%** | **Construction Materials — 0.9%** | **Construction Materials — 0.9%** |
| Knife River Corp. (a) | 38894 | &nbsp;&nbsp;&nbsp; 3175695 |
| **Containers & Packaging — 0.8%** | **Containers & Packaging — 0.8%** | **Containers & Packaging — 0.8%** |
| TriMas Corp.  | 77348 | &nbsp;&nbsp;&nbsp; 2779887 |
| **Diversified Consumer Services — 0.6%** | **Diversified Consumer Services — 0.6%** | **Diversified Consumer Services — 0.6%** |
| Grand Canyon Education, Inc. (a) | 5749 | &nbsp;&nbsp;&nbsp; 977503 |
| OneSpaWorld Holdings Ltd.  | 48638 | &nbsp;&nbsp;&nbsp; 1116242 |
|  |  | &nbsp;&nbsp;&nbsp; 2093745 |

---

**BHFTII-160**

------

**Brighthouse Funds Trust II**

**Loomis Sayles Small Cap Core Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Electrical Equipment — 1.0%** | **Electrical Equipment — 1.0%** | **Electrical Equipment — 1.0%** |
| Powell Industries, Inc.  | 6182 | &nbsp;&nbsp;&nbsp; $3344957 |
| **Electronic Equipment, Instruments & Components — 6.9%** | **Electronic Equipment, Instruments & Components — 6.9%** | **Electronic Equipment, Instruments & Components — 6.9%** |
| Advanced Energy Industries, Inc.  | 5632 | &nbsp;&nbsp;&nbsp; 1817503 |
| Bel Fuse, Inc. - Class B | 25176 | &nbsp;&nbsp;&nbsp; 4984344 |
| Crane NXT Co.  | 51886 | &nbsp;&nbsp;&nbsp; 2106053 |
| Itron, Inc. (a) | 7256 | &nbsp;&nbsp;&nbsp; 650355 |
| Mirion Technologies, Inc. (a) | 46579 | &nbsp;&nbsp;&nbsp; 865904 |
| OSI Systems, Inc. (a) | 4793 | &nbsp;&nbsp;&nbsp; 1272589 |
| TD SYNNEX Corp.  | 23583 | &nbsp;&nbsp;&nbsp; 3978688 |
| TTM Technologies, Inc. (a) | 51026 | &nbsp;&nbsp;&nbsp; 4970953 |
| Vontier Corp.  | 91817 | &nbsp;&nbsp;&nbsp; 3256749 |
|  |  | &nbsp;&nbsp;&nbsp; 23903138 |
| **Energy Equipment & Services — 3.8%** | **Energy Equipment & Services — 3.8%** | **Energy Equipment & Services — 3.8%** |
| Cactus, Inc. - Class A | 21219 | &nbsp;&nbsp;&nbsp; 1005144 |
| Kodiak Gas Services, Inc.  | 79209 | &nbsp;&nbsp;&nbsp; 4619469 |
| Oceaneering International, Inc. (a) | 78820 | &nbsp;&nbsp;&nbsp; 2795745 |
| WaterBridge Infrastructure LLC - Class A | 106259 | &nbsp;&nbsp;&nbsp; 2846679 |
| Weatherford International PLC | 21336 | &nbsp;&nbsp;&nbsp; 2017959 |
|  |  | &nbsp;&nbsp;&nbsp; 13284996 |
| **Entertainment — 0.7%** | **Entertainment — 0.7%** | **Entertainment — 0.7%** |
| Atlanta Braves Holdings, Inc. - Class C (a) | 54470 | &nbsp;&nbsp;&nbsp; 2325869 |
| **Financial Services — 1.9%** | **Financial Services — 1.9%** | **Financial Services — 1.9%** |
| EVERTEC, Inc.  | 25773 | &nbsp;&nbsp;&nbsp; 727314 |
| Federal Agricultural Mortgage Corp. - Class C | 17857 | &nbsp;&nbsp;&nbsp; 2649086 |
| Paymentus Holdings, Inc. - Class A (a) | 25152 | &nbsp;&nbsp;&nbsp; 638861 |
| WEX, Inc. (a) (b) | 16401 | &nbsp;&nbsp;&nbsp; 2510009 |
|  |  | &nbsp;&nbsp;&nbsp; 6525270 |
| **Food Products — 0.6%** | **Food Products — 0.6%** | **Food Products — 0.6%** |
| Post Holdings, Inc. (a) (b) | 22926 | &nbsp;&nbsp;&nbsp; 2266464 |
| **Gas Utilities — 1.7%** | **Gas Utilities — 1.7%** | **Gas Utilities — 1.7%** |
| MDU Resources Group, Inc.  | 120632 | &nbsp;&nbsp;&nbsp; 2499495 |
| UGI Corp.  | 93173 | &nbsp;&nbsp;&nbsp; 3393361 |
|  |  | &nbsp;&nbsp;&nbsp; 5892856 |
| **Health Care Equipment & Supplies — 1.6%** | **Health Care Equipment & Supplies — 1.6%** | **Health Care Equipment & Supplies — 1.6%** |
| Artivion, Inc. (a) | 24559 | &nbsp;&nbsp;&nbsp; 899350 |
| Establishment Labs Holdings, Inc. (a) | 22906 | &nbsp;&nbsp;&nbsp; 1300603 |
| Glaukos Corp. (a) | 6856 | &nbsp;&nbsp;&nbsp; 738117 |
| IRhythm Holdings, Inc. (a) | 6390 | &nbsp;&nbsp;&nbsp; 754148 |
| Lantheus Holdings, Inc. (a) | 26288 | &nbsp;&nbsp;&nbsp; 1993945 |
|  |  | &nbsp;&nbsp;&nbsp; 5686163 |
| **Health Care Providers & Services — 4.2%** | **Health Care Providers & Services — 4.2%** | **Health Care Providers & Services — 4.2%** |
| Alignment Healthcare, Inc. (a) | 35195 | &nbsp;&nbsp;&nbsp; 620136 |
| Chemed Corp.  | 3711 | &nbsp;&nbsp;&nbsp; 1401793 |
| Concentra Group Holdings Parent, Inc.  | 137570 | &nbsp;&nbsp;&nbsp; 2950876 |
| Ensign Group, Inc.  | 5193 | &nbsp;&nbsp;&nbsp; 1046390 |
| Guardian Pharmacy Services, Inc. - Class A (a) | 23340 | &nbsp;&nbsp;&nbsp; 878984 |
| HealthEquity, Inc. (a) | 12226 | &nbsp;&nbsp;&nbsp; 1021727 |
| NeoGenomics, Inc. (a) | 48728 | &nbsp;&nbsp;&nbsp; 361562 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Health Care Providers & Services—(Continued)** | **Health Care Providers & Services—(Continued)** | **Health Care Providers & Services—(Continued)** |
| Omada Health, Inc. (a) | 42892 | &nbsp;&nbsp;&nbsp; $539152 |
| Option Care Health, Inc. (a) | 90309 | &nbsp;&nbsp;&nbsp; 2431118 |
| Pennant Group, Inc. (a) | 64237 | &nbsp;&nbsp;&nbsp; 1957944 |
| Progyny, Inc. (a) | 24763 | &nbsp;&nbsp;&nbsp; 420476 |
| RadNet, Inc. (a) | 17265 | &nbsp;&nbsp;&nbsp; 964941 |
|  |  | &nbsp;&nbsp;&nbsp; 14595099 |
| **Health Care Technology — 0.6%** | **Health Care Technology — 0.6%** | **Health Care Technology — 0.6%** |
| Waystar Holding Corp. (a) | 81455 | &nbsp;&nbsp;&nbsp; 1963880 |
| **Hotels, Restaurants & Leisure — 1.9%** | **Hotels, Restaurants & Leisure — 1.9%** | **Hotels, Restaurants & Leisure — 1.9%** |
| Churchill Downs, Inc.  | 31465 | &nbsp;&nbsp;&nbsp; 2826501 |
| First Watch Restaurant Group, Inc. (a) | 7804 | &nbsp;&nbsp;&nbsp; 81786 |
| Life Time Group Holdings, Inc. (a) | 41902 | &nbsp;&nbsp;&nbsp; 1128840 |
| Pursuit Attractions & Hospitality, Inc. (a) (b) | 36269 | &nbsp;&nbsp;&nbsp; 1328533 |
| Super Group SGHC Ltd. (b) | 46764 | &nbsp;&nbsp;&nbsp; 505051 |
| Texas Roadhouse, Inc.  | 4004 | &nbsp;&nbsp;&nbsp; 661221 |
|  |  | &nbsp;&nbsp;&nbsp; 6531932 |
| **Household Durables — 0.6%** | **Household Durables — 0.6%** | **Household Durables — 0.6%** |
| Installed Building Products, Inc.  | 2411 | &nbsp;&nbsp;&nbsp; 639277 |
| La-Z-Boy, Inc.  | 41201 | &nbsp;&nbsp;&nbsp; 1324200 |
|  |  | &nbsp;&nbsp;&nbsp; 1963477 |
| **Independent Power and Renewable Electricity Producers — 0.5%** | **Independent Power and Renewable Electricity Producers — 0.5%** | **Independent Power and Renewable Electricity Producers — 0.5%** |
| Talen Energy Corp. (a) | 5767 | &nbsp;&nbsp;&nbsp; 1840999 |
| **Industrial REITs — 0.6%** | **Industrial REITs — 0.6%** | **Industrial REITs — 0.6%** |
| STAG Industrial, Inc.  | 57838 | &nbsp;&nbsp;&nbsp; 2085638 |
| **Insurance — 1.3%** | **Insurance — 1.3%** | **Insurance — 1.3%** |
| Fidelis Insurance Holdings Ltd.  | 107747 | &nbsp;&nbsp;&nbsp; 2059045 |
| Skyward Specialty Insurance Group, Inc. (a) | 56489 | &nbsp;&nbsp;&nbsp; 2467440 |
|  |  | &nbsp;&nbsp;&nbsp; 4526485 |
| **Interactive Media & Services — 0.2%** | **Interactive Media & Services — 0.2%** | **Interactive Media & Services — 0.2%** |
| Cargurus, Inc. (a) | 18246 | &nbsp;&nbsp;&nbsp; 621276 |
| **Leisure Products — 0.9%** | **Leisure Products — 0.9%** | **Leisure Products — 0.9%** |
| YETI Holdings, Inc. (a) | 88600 | &nbsp;&nbsp;&nbsp; 3241874 |
| **Life Sciences Tools & Services — 0.6%** | **Life Sciences Tools & Services — 0.6%** | **Life Sciences Tools & Services — 0.6%** |
| Avantor, Inc. (a) | 207027 | &nbsp;&nbsp;&nbsp; 1623092 |
| Fortrea Holdings, Inc. (a) | 45663 | &nbsp;&nbsp;&nbsp; 430145 |
|  |  | &nbsp;&nbsp;&nbsp; 2053237 |
| **Machinery — 5.1%** | **Machinery — 5.1%** | **Machinery — 5.1%** |
| Aebi Schmidt Holding AG | 162268 | &nbsp;&nbsp;&nbsp; 1575622 |
| Atmus Filtration Technologies, Inc.  | 51570 | &nbsp;&nbsp;&nbsp; 2927629 |
| Blue Bird Corp. (a) | 54249 | &nbsp;&nbsp;&nbsp; 3080801 |
| CECO Environmental Corp. (a) | 39643 | &nbsp;&nbsp;&nbsp; 2361930 |
| Enerpac Tool Group Corp.  | 47002 | &nbsp;&nbsp;&nbsp; 1714163 |
| ESCO Technologies, Inc.  | 7574 | &nbsp;&nbsp;&nbsp; 2131096 |
| Kadant, Inc.  | 7396 | &nbsp;&nbsp;&nbsp; 2162221 |
| RBC Bearings, Inc. (a) | 3586 | &nbsp;&nbsp;&nbsp; 1947628 |
|  |  | &nbsp;&nbsp;&nbsp; 17901090 |

---

**BHFTII-161**

------

**Brighthouse Funds Trust II**

**Loomis Sayles Small Cap Core Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Marine Transportation — 0.7%** | **Marine Transportation — 0.7%** | **Marine Transportation — 0.7%** |
| Matson, Inc.  | 15065 | &nbsp;&nbsp;&nbsp; $2469756 |
| **Media — 0.5%** | **Media — 0.5%** | **Media — 0.5%** |
| John Wiley & Sons, Inc. - Class A | 43370 | &nbsp;&nbsp;&nbsp; 1652397 |
| **Multi-Utilities — 0.6%** | **Multi-Utilities — 0.6%** | **Multi-Utilities — 0.6%** |
| Avista Corp.  | 51971 | &nbsp;&nbsp;&nbsp; 2086116 |
| **Oil, Gas & Consumable Fuels — 3.0%** | **Oil, Gas & Consumable Fuels — 3.0%** | **Oil, Gas & Consumable Fuels — 3.0%** |
| California Resources Corp.  | 54105 | &nbsp;&nbsp;&nbsp; 3745148 |
| International Seaways, Inc.  | 19359 | &nbsp;&nbsp;&nbsp; 1410884 |
| Magnolia Oil & Gas Corp. - Class A (b) | 35758 | &nbsp;&nbsp;&nbsp; 1128880 |
| Viper Energy, Inc. - Class A | 90660 | &nbsp;&nbsp;&nbsp; 4260113 |
|  |  | &nbsp;&nbsp;&nbsp; 10545025 |
| **Pharmaceuticals — 3.4%** | **Pharmaceuticals — 3.4%** | **Pharmaceuticals — 3.4%** |
| ANI Pharmaceuticals, Inc. (a) | 29679 | &nbsp;&nbsp;&nbsp; 2282315 |
| Axsome Therapeutics, Inc. (a) | 6452 | &nbsp;&nbsp;&nbsp; 1090517 |
| Collegium Pharmaceutical, Inc. (a) | 63167 | &nbsp;&nbsp;&nbsp; 2088933 |
| Ligand Pharmaceuticals, Inc. (a) | 8883 | &nbsp;&nbsp;&nbsp; 1773491 |
| Supernus Pharmaceuticals, Inc. (a) | 76835 | &nbsp;&nbsp;&nbsp; 3971601 |
| Tarsus Pharmaceuticals, Inc. (a) | 10213 | &nbsp;&nbsp;&nbsp; 716442 |
|  |  | &nbsp;&nbsp;&nbsp; 11923299 |
| **Professional Services — 2.1%** | **Professional Services — 2.1%** | **Professional Services — 2.1%** |
| Amentum Holdings, Inc. (a) | 108441 | &nbsp;&nbsp;&nbsp; 2828141 |
| CBIZ, Inc. (a) | 55198 | &nbsp;&nbsp;&nbsp; 1482066 |
| Huron Consulting Group, Inc. (a) | 6547 | &nbsp;&nbsp;&nbsp; 834677 |
| Korn Ferry | 33293 | &nbsp;&nbsp;&nbsp; 2095795 |
|  |  | &nbsp;&nbsp;&nbsp; 7240679 |
| **Real Estate Management & Development — 1.6%** | **Real Estate Management & Development — 1.6%** | **Real Estate Management & Development — 1.6%** |
| Colliers International Group, Inc.  | 31520 | &nbsp;&nbsp;&nbsp; 3369173 |
| FirstService Corp.  | 14896 | &nbsp;&nbsp;&nbsp; 2069650 |
|  |  | &nbsp;&nbsp;&nbsp; 5438823 |
| **Retail REITs — 1.2%** | **Retail REITs — 1.2%** | **Retail REITs — 1.2%** |
| Agree Realty Corp. (b) | 30345 | &nbsp;&nbsp;&nbsp; 2287406 |
| Curbline Properties Corp.  | 69757 | &nbsp;&nbsp;&nbsp; 1799033 |
|  |  | &nbsp;&nbsp;&nbsp; 4086439 |
| **Semiconductors & Semiconductor Equipment — 2.6%** | **Semiconductors & Semiconductor Equipment — 2.6%** | **Semiconductors & Semiconductor Equipment — 2.6%** |
| Allegro MicroSystems, Inc. (a) | 21710 | &nbsp;&nbsp;&nbsp; 684516 |
| MACOM Technology Solutions Holdings, Inc. (a) | 8087 | &nbsp;&nbsp;&nbsp; 1795880 |
| Onto Innovation, Inc. (a) | 2032 | &nbsp;&nbsp;&nbsp; 416702 |
| PDF Solutions, Inc. (a) | 46569 | &nbsp;&nbsp;&nbsp; 1523272 |
| Rambus, Inc. (a) | 10420 | &nbsp;&nbsp;&nbsp; 896433 |
| Silicon Laboratories, Inc. (a) | 3333 | &nbsp;&nbsp;&nbsp; 693764 |
| Silicon Motion Technology Corp. (ADR) | 4745 | &nbsp;&nbsp;&nbsp; 532816 |
| Ultra Clean Holdings, Inc. (a) | 39038 | &nbsp;&nbsp;&nbsp; 2427383 |
|  |  | &nbsp;&nbsp;&nbsp; 8970766 |
| **Software — 1.7%** | **Software — 1.7%** | **Software — 1.7%** |
| Adeia, Inc.  | 33435 | &nbsp;&nbsp;&nbsp; 803443 |
| Agilysys, Inc. (a) | 9077 | &nbsp;&nbsp;&nbsp; 645738 |
| Bill Holdings, Inc. (a) | 58182 | &nbsp;&nbsp;&nbsp; 2228371 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Software—(Continued)** | **Software—(Continued)** | **Software—(Continued)** |
| Intapp, Inc. (a) | 17103 | &nbsp;&nbsp;&nbsp; $439376 |
| JFrog Ltd. (a) | 10408 | &nbsp;&nbsp;&nbsp; 488447 |
| Procore Technologies, Inc. (a) | 13281 | &nbsp;&nbsp;&nbsp; 757017 |
| Workiva, Inc. (a) | 9013 | &nbsp;&nbsp;&nbsp; 537445 |
|  |  | &nbsp;&nbsp;&nbsp; 5899837 |
| **Specialty Retail — 0.7%** | **Specialty Retail — 0.7%** | **Specialty Retail — 0.7%** |
| Boot Barn Holdings, Inc. (a) | 16645 | &nbsp;&nbsp;&nbsp; 2436162 |
| **Textiles, Apparel & Luxury Goods — 1.8%** | **Textiles, Apparel & Luxury Goods — 1.8%** | **Textiles, Apparel & Luxury Goods — 1.8%** |
| Crocs, Inc. (a) | 21785 | &nbsp;&nbsp;&nbsp; 1808591 |
| Kontoor Brands, Inc.  | 31162 | &nbsp;&nbsp;&nbsp; 2190377 |
| Levi Strauss & Co. - Class A | 127184 | &nbsp;&nbsp;&nbsp; 2351632 |
|  |  | &nbsp;&nbsp;&nbsp; 6350600 |
| **Trading Companies & Distributors — 4.2%** | **Trading Companies & Distributors — 4.2%** | **Trading Companies & Distributors — 4.2%** |
| Applied Industrial Technologies, Inc.  | 3056 | &nbsp;&nbsp;&nbsp; 810818 |
| GATX Corp.  | 18644 | &nbsp;&nbsp;&nbsp; 3183277 |
| Herc Holdings, Inc.  | 20039 | &nbsp;&nbsp;&nbsp; 1994882 |
| McGrath RentCorp | 31466 | &nbsp;&nbsp;&nbsp; 3470070 |
| NPK International, Inc. (a) | 210347 | &nbsp;&nbsp;&nbsp; 3047928 |
| Rush Enterprises, Inc. - Class A | 28633 | &nbsp;&nbsp;&nbsp; 1892928 |
| SiteOne Landscape Supply, Inc. (a) | 3206 | &nbsp;&nbsp;&nbsp; 426751 |
|  |  | &nbsp;&nbsp;&nbsp; 14826654 |
| **Wireless Telecommunication Services — 1.2%** | **Wireless Telecommunication Services — 1.2%** | **Wireless Telecommunication Services — 1.2%** |
| Array Digital Infrastructure, Inc.  | 93369 | &nbsp;&nbsp;&nbsp; 4308046 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $245,547,939) <br>|  | &nbsp;&nbsp;&nbsp; 341103925 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—2.4%** | **Short-Term Investments—2.4%** | **Short-Term Investments—2.4%** |
| **Repurchase Agreement—2.4%** | **Repurchase Agreement—2.4%** | **Repurchase Agreement—2.4%** |
| Fixed Income Clearing Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 2.500%, due on <br> 04/01/26, with a maturity value of $8,167,483; collateralized <br> by U.S. Treasury Note at 4.375%, maturing 07/15/27, with a <br> market value of $8,330,399<br>| 8166915 | &nbsp;&nbsp;&nbsp; 8166915 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $8,166,915) <br>|  | &nbsp;&nbsp;&nbsp; 8166915 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (c)—0.0%** | **Securities Lending Reinvestments (c)—0.0%** | **Securities Lending Reinvestments (c)—0.0%** |
| **Short-Term Investment Funds—0.0%** | **Short-Term Investment Funds—0.0%** | **Short-Term Investment Funds—0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund, <br>Select Class 3.600% (d)<br>| 15071 | &nbsp;&nbsp;&nbsp; 15071 |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds FedFund, <br>Institutional Shares 3.550% (d)<br>| 20000 | &nbsp;&nbsp;&nbsp; 20000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (d)<br>| 20000 | &nbsp;&nbsp;&nbsp; 20000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares 3.580% (d)<br>| 20000 | &nbsp;&nbsp;&nbsp; 20000 |
|  |  | &nbsp;&nbsp;&nbsp; 75071 |

---

**BHFTII-162**

------

**Brighthouse Funds Trust II**

**Loomis Sayles Small Cap Core Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Securities Lending Reinvestments (c)—(Continued)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Repurchase Agreements—0.0%** | **Repurchase Agreements—0.0%** | **Repurchase Agreements—0.0%** |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.700%, due on <br> 04/01/26 with a maturity value of $10,001; collateralized by <br> various Common Stock with an aggregate market value of <br> $11,123<br>| 10000 | &nbsp;&nbsp;&nbsp; $10000 |
| Deutsche Bank Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $33,424; collateralized by <br> U.S. Treasury Obligations with rates ranging from 0.000% - <br> 4.375%, maturity dates ranging from 05/15/30 - 11/15/48, <br> and an aggregate market value of $34,089<br>| 33421 | &nbsp;&nbsp;&nbsp; 33421 |
| NatWest Markets Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $33,424; collateralized by <br> U.S. Treasury Obligations with rates ranging from 1.125% - <br> 4.875%, maturity dates ranging from 09/15/26 - 08/15/35, <br> and an aggregate market value of $34,093<br>| 33421 | &nbsp;&nbsp;&nbsp; 33421 |
|  |  | &nbsp;&nbsp;&nbsp; 76842 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $151,913) <br>|  | &nbsp;&nbsp;&nbsp; 151913 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—100.3% <br>(Cost $253,866,767) <br>|  | &nbsp;&nbsp;&nbsp; 349422753 |
| Other assets and liabilities (net)—(0.3)%  |  | &nbsp;&nbsp;&nbsp; (968858)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $348453895 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Principal amount stated in U.S. dollars unless otherwise noted.

(a) Non-income producing security.

(b) All or a portion of the security was held on loan. As of March 31, 2026, the market value of 

---

| | |
|:---|:---|
|  | securities loaned was $3,345,706 and the collateral received consisted of cash in the amount of <br> $151,912 and non-cash collateral with a value of $3,162,378. The cash collateral investments <br> are disclosed in the Schedule of Investments and categorized as Securities Lending <br> Reinvestments. The non-cash collateral received consists of U.S. government securities that are <br> held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or <br> repledged by the Portfolio.<br>|
| (c) | Represents investment of cash collateral received from securities on loan as of March 31, 2026. |
| (d) | The rate shown represents the annualized seven-day yield as of March 31, 2026. |

---

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Total Common Stocks\* | &nbsp;&nbsp; $341103925 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $341103925 |
| Total Short-Term Investments\* | &nbsp;&nbsp; — | &nbsp;&nbsp; 8166915 | &nbsp;&nbsp; — | &nbsp;&nbsp; 8166915 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp; 75071 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 75071 |
| &nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp; — | &nbsp;&nbsp; 76842 | &nbsp;&nbsp; — | &nbsp;&nbsp; 76842 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp; 75071 | &nbsp;&nbsp; 76842 | &nbsp;&nbsp; — | &nbsp;&nbsp; 151913 |
| Total Investments | &nbsp;&nbsp; $341178996 | &nbsp;&nbsp; $8243757 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $349422753 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(151912)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(151912)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

**BHFTII-163**

------

**Brighthouse Funds Trust II**

**Loomis Sayles Small Cap Growth Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—97.0% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Aerospace & Defense — 8.4%** | **Aerospace & Defense — 8.4%** | **Aerospace & Defense — 8.4%** |
| AAR Corp. (a) | 47521 | &nbsp;&nbsp;&nbsp; $5201649 |
| ATI, Inc. (a) | 41981 | &nbsp;&nbsp;&nbsp; 6106556 |
| Cadre Holdings, Inc.  | 55516 | &nbsp;&nbsp;&nbsp; 1703231 |
| Ducommun, Inc. (a) | 22787 | &nbsp;&nbsp;&nbsp; 2780014 |
| Hexcel Corp.  | 49182 | &nbsp;&nbsp;&nbsp; 3980299 |
| Kratos Defense & Security Solutions, Inc. (a) | 34465 | &nbsp;&nbsp;&nbsp; 2430127 |
| Mercury Systems, Inc. (a) | 58285 | &nbsp;&nbsp;&nbsp; 4249560 |
|  |  | &nbsp;&nbsp;&nbsp; 26451436 |
| **Automobile Components — 2.1%** | **Automobile Components — 2.1%** | **Automobile Components — 2.1%** |
| Dorman Products, Inc. (a) | 21829 | &nbsp;&nbsp;&nbsp; 2278075 |
| Patrick Industries, Inc. (b) | 40619 | &nbsp;&nbsp;&nbsp; 4511552 |
|  |  | &nbsp;&nbsp;&nbsp; 6789627 |
| **Banks — 2.3%** | **Banks — 2.3%** | **Banks — 2.3%** |
| Coastal Financial Corp. (a) | 27503 | &nbsp;&nbsp;&nbsp; 2092978 |
| FB Financial Corp.  | 55875 | &nbsp;&nbsp;&nbsp; 2902148 |
| Live Oak Bancshares, Inc.  | 64963 | &nbsp;&nbsp;&nbsp; 2148326 |
|  |  | &nbsp;&nbsp;&nbsp; 7143452 |
| **Beverages — 1.5%** | **Beverages — 1.5%** | **Beverages — 1.5%** |
| Vita Coco Co., Inc. (a) | 96793 | &nbsp;&nbsp;&nbsp; 4637353 |
| **Biotechnology — 9.5%** | **Biotechnology — 9.5%** | **Biotechnology — 9.5%** |
| Alkermes PLC (a) | 109759 | &nbsp;&nbsp;&nbsp; 3881078 |
| Apogee Therapeutics, Inc. (a) | 32743 | &nbsp;&nbsp;&nbsp; 2755978 |
| Disc Medicine, Inc. (a) (b) | 28626 | &nbsp;&nbsp;&nbsp; 1830346 |
| Mirum Pharmaceuticals, Inc. (a) | 42879 | &nbsp;&nbsp;&nbsp; 3961162 |
| PTC Therapeutics, Inc. (a) | 24830 | &nbsp;&nbsp;&nbsp; 1691668 |
| Rhythm Pharmaceuticals, Inc. (a) | 41951 | &nbsp;&nbsp;&nbsp; 3648479 |
| Scholar Rock Holding Corp. (a) | 57612 | &nbsp;&nbsp;&nbsp; 2832206 |
| Twist Bioscience Corp. (a) | 44586 | &nbsp;&nbsp;&nbsp; 2118727 |
| Vericel Corp. (a) | 88004 | &nbsp;&nbsp;&nbsp; 2831089 |
| Viridian Therapeutics, Inc. (a) | 83663 | &nbsp;&nbsp;&nbsp; 1636448 |
| Xenon Pharmaceuticals, Inc. (a) | 50964 | &nbsp;&nbsp;&nbsp; 2963557 |
|  |  | &nbsp;&nbsp;&nbsp; 30150738 |
| **Broadline Retail — 0.7%** | **Broadline Retail — 0.7%** | **Broadline Retail — 0.7%** |
| Pattern Group, Inc. - Class A (a) (b) | 177820 | &nbsp;&nbsp;&nbsp; 2210303 |
| **Building Products — 1.7%** | **Building Products — 1.7%** | **Building Products — 1.7%** |
| CSW Industrials, Inc.  | 9312 | &nbsp;&nbsp;&nbsp; 2426521 |
| Modine Manufacturing Co. (a) | 13594 | &nbsp;&nbsp;&nbsp; 2945956 |
|  |  | &nbsp;&nbsp;&nbsp; 5372477 |
| **Capital Markets — 4.3%** | **Capital Markets — 4.3%** | **Capital Markets — 4.3%** |
| Marex Group PLC | 92825 | &nbsp;&nbsp;&nbsp; 4138139 |
| Piper Sandler Cos.  | 48388 | &nbsp;&nbsp;&nbsp; 3704101 |
| PJT Partners, Inc. - Class A | 26665 | &nbsp;&nbsp;&nbsp; 3725634 |
| WisdomTree, Inc.  | 149970 | &nbsp;&nbsp;&nbsp; 2183563 |
|  |  | &nbsp;&nbsp;&nbsp; 13751437 |
| **Commercial Services & Supplies — 1.1%** | **Commercial Services & Supplies — 1.1%** | **Commercial Services & Supplies — 1.1%** |
| Casella Waste Systems, Inc. - Class A (a) | 42101 | &nbsp;&nbsp;&nbsp; 3340293 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Communications Equipment — 3.5%** | **Communications Equipment — 3.5%** | **Communications Equipment — 3.5%** |
| Calix, Inc. (a) | 75862 | &nbsp;&nbsp;&nbsp; $3716479 |
| Extreme Networks, Inc. (a) | 245224 | &nbsp;&nbsp;&nbsp; 3697978 |
| Viavi Solutions, Inc. (a) | 106195 | &nbsp;&nbsp;&nbsp; 3534170 |
|  |  | &nbsp;&nbsp;&nbsp; 10948627 |
| **Construction & Engineering — 8.4%** | **Construction & Engineering — 8.4%** | **Construction & Engineering — 8.4%** |
| Arcosa, Inc.  | 37669 | &nbsp;&nbsp;&nbsp; 3998188 |
| Construction Partners, Inc. - Class A (a) | 48883 | &nbsp;&nbsp;&nbsp; 5431879 |
| Everus Construction Group, Inc. (a) | 38852 | &nbsp;&nbsp;&nbsp; 4586867 |
| Legence Corp. - Class A (a) | 37999 | &nbsp;&nbsp;&nbsp; 2145423 |
| MYR Group, Inc. (a) | 15346 | &nbsp;&nbsp;&nbsp; 4332483 |
| Sterling Infrastructure, Inc. (a) | 14583 | &nbsp;&nbsp;&nbsp; 5939218 |
|  |  | &nbsp;&nbsp;&nbsp; 26434058 |
| **Diversified Consumer Services — 2.4%** | **Diversified Consumer Services — 2.4%** | **Diversified Consumer Services — 2.4%** |
| Grand Canyon Education, Inc. (a) | 20616 | &nbsp;&nbsp;&nbsp; 3505338 |
| OneSpaWorld Holdings Ltd.  | 174542 | &nbsp;&nbsp;&nbsp; 4005739 |
|  |  | &nbsp;&nbsp;&nbsp; 7511077 |
| **Electronic Equipment, Instruments & Components — 5.2%** | **Electronic Equipment, Instruments & Components — 5.2%** | **Electronic Equipment, Instruments & Components — 5.2%** |
| Advanced Energy Industries, Inc.  | 20167 | &nbsp;&nbsp;&nbsp; 6508093 |
| Itron, Inc. (a) | 25990 | &nbsp;&nbsp;&nbsp; 2329484 |
| Mirion Technologies, Inc. (a) | 167819 | &nbsp;&nbsp;&nbsp; 3119755 |
| OSI Systems, Inc. (a) | 17277 | &nbsp;&nbsp;&nbsp; 4587216 |
|  |  | &nbsp;&nbsp;&nbsp; 16544548 |
| **Energy Equipment & Services — 2.6%** | **Energy Equipment & Services — 2.6%** | **Energy Equipment & Services — 2.6%** |
| Cactus, Inc. - Class A | 76117 | &nbsp;&nbsp;&nbsp; 3605662 |
| Oceaneering International, Inc. (a) | 132486 | &nbsp;&nbsp;&nbsp; 4699279 |
|  |  | &nbsp;&nbsp;&nbsp; 8304941 |
| **Financial Services — 1.6%** | **Financial Services — 1.6%** | **Financial Services — 1.6%** |
| EVERTEC, Inc.  | 92406 | &nbsp;&nbsp;&nbsp; 2607697 |
| Paymentus Holdings, Inc. - Class A (a) | 90625 | &nbsp;&nbsp;&nbsp; 2301875 |
|  |  | &nbsp;&nbsp;&nbsp; 4909572 |
| **Health Care Equipment & Supplies — 4.2%** | **Health Care Equipment & Supplies — 4.2%** | **Health Care Equipment & Supplies — 4.2%** |
| Artivion, Inc. (a) | 88484 | &nbsp;&nbsp;&nbsp; 3240284 |
| Establishment Labs Holdings, Inc. (a) | 82375 | &nbsp;&nbsp;&nbsp; 4677252 |
| Glaukos Corp. (a) | 24554 | &nbsp;&nbsp;&nbsp; 2643484 |
| IRhythm Holdings, Inc. (a) | 23042 | &nbsp;&nbsp;&nbsp; 2719417 |
|  |  | &nbsp;&nbsp;&nbsp; 13280437 |
| **Health Care Providers & Services — 6.7%** | **Health Care Providers & Services — 6.7%** | **Health Care Providers & Services — 6.7%** |
| Alignment Healthcare, Inc. (a) | 126781 | &nbsp;&nbsp;&nbsp; 2233881 |
| Ensign Group, Inc.  | 18595 | &nbsp;&nbsp;&nbsp; 3746892 |
| Guardian Pharmacy Services, Inc. - Class A (a) | 84071 | &nbsp;&nbsp;&nbsp; 3166114 |
| HealthEquity, Inc. (a) | 43853 | &nbsp;&nbsp;&nbsp; 3664795 |
| NeoGenomics, Inc. (a) | 175545 | &nbsp;&nbsp;&nbsp; 1302544 |
| Omada Health, Inc. (a) | 154554 | &nbsp;&nbsp;&nbsp; 1942744 |
| Progyny, Inc. (a) | 89202 | &nbsp;&nbsp;&nbsp; 1514650 |
| RadNet, Inc. (a) | 61909 | &nbsp;&nbsp;&nbsp; 3460094 |
|  |  | &nbsp;&nbsp;&nbsp; 21031714 |

---

**BHFTII-164**

------

**Brighthouse Funds Trust II**

**Loomis Sayles Small Cap Growth Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Hotels, Restaurants & Leisure — 2.7%** | **Hotels, Restaurants & Leisure — 2.7%** | **Hotels, Restaurants & Leisure — 2.7%** |
| First Watch Restaurant Group, Inc. (a) | 28131 | &nbsp;&nbsp;&nbsp; $294813 |
| Life Time Group Holdings, Inc. (a) | 150167 | &nbsp;&nbsp;&nbsp; 4045499 |
| Super Group SGHC Ltd.  | 168523 | &nbsp;&nbsp;&nbsp; 1820048 |
| Texas Roadhouse, Inc.  | 14328 | &nbsp;&nbsp;&nbsp; 2366126 |
|  |  | &nbsp;&nbsp;&nbsp; 8526486 |
| **Household Durables — 0.7%** | **Household Durables — 0.7%** | **Household Durables — 0.7%** |
| Installed Building Products, Inc. (b) | 8684 | &nbsp;&nbsp;&nbsp; 2302563 |
| **Interactive Media & Services — 0.7%** | **Interactive Media & Services — 0.7%** | **Interactive Media & Services — 0.7%** |
| Cargurus, Inc. (a) | 65786 | &nbsp;&nbsp;&nbsp; 2240013 |
| **Leisure Products — 1.0%** | **Leisure Products — 1.0%** | **Leisure Products — 1.0%** |
| YETI Holdings, Inc. (a) | 86537 | &nbsp;&nbsp;&nbsp; 3166389 |
| **Life Sciences Tools & Services — 0.5%** | **Life Sciences Tools & Services — 0.5%** | **Life Sciences Tools & Services — 0.5%** |
| Fortrea Holdings, Inc. (a) | 164481 | &nbsp;&nbsp;&nbsp; 1549411 |
| **Machinery — 4.6%** | **Machinery — 4.6%** | **Machinery — 4.6%** |
| ESCO Technologies, Inc.  | 27129 | &nbsp;&nbsp;&nbsp; 7633287 |
| RBC Bearings, Inc. (a) | 12861 | &nbsp;&nbsp;&nbsp; 6985066 |
|  |  | &nbsp;&nbsp;&nbsp; 14618353 |
| **Oil, Gas & Consumable Fuels — 1.3%** | **Oil, Gas & Consumable Fuels — 1.3%** | **Oil, Gas & Consumable Fuels — 1.3%** |
| Magnolia Oil & Gas Corp. - Class A (b) | 128204 | &nbsp;&nbsp;&nbsp; 4047400 |
| **Pharmaceuticals — 5.3%** | **Pharmaceuticals — 5.3%** | **Pharmaceuticals — 5.3%** |
| Axsome Therapeutics, Inc. (a) | 23146 | &nbsp;&nbsp;&nbsp; 3912137 |
| Ligand Pharmaceuticals, Inc. (a) (b) | 31860 | &nbsp;&nbsp;&nbsp; 6360849 |
| Supernus Pharmaceuticals, Inc. (a) | 76776 | &nbsp;&nbsp;&nbsp; 3968551 |
| Tarsus Pharmaceuticals, Inc. (a) | 36801 | &nbsp;&nbsp;&nbsp; 2581590 |
|  |  | &nbsp;&nbsp;&nbsp; 16823127 |
| **Professional Services — 0.9%** | **Professional Services — 0.9%** | **Professional Services — 0.9%** |
| Huron Consulting Group, Inc. (a) (b) | 23476 | &nbsp;&nbsp;&nbsp; 2992955 |
| **Semiconductors & Semiconductor Equipment — 5.7%** | **Semiconductors & Semiconductor Equipment — 5.7%** | **Semiconductors & Semiconductor Equipment — 5.7%** |
| Allegro MicroSystems, Inc. (a) | 78183 | &nbsp;&nbsp;&nbsp; 2465110 |
| MACOM Technology Solutions Holdings, Inc. (a) | 29120 | &nbsp;&nbsp;&nbsp; 6466678 |
| Onto Innovation, Inc. (a) | 7302 | &nbsp;&nbsp;&nbsp; 1497421 |
| Rambus, Inc. (a) | 37549 | &nbsp;&nbsp;&nbsp; 3230341 |
| Silicon Laboratories, Inc. (a) | 11888 | &nbsp;&nbsp;&nbsp; 2474487 |
| Silicon Motion Technology Corp. (ADR) | 17083 | &nbsp;&nbsp;&nbsp; 1918250 |
|  |  | &nbsp;&nbsp;&nbsp; 18052287 |
| **Software — 4.2%** | **Software — 4.2%** | **Software — 4.2%** |
| Adeia, Inc.  | 120433 | &nbsp;&nbsp;&nbsp; 2894005 |
| Agilysys, Inc. (a) | 32519 | &nbsp;&nbsp;&nbsp; 2313402 |
| Intapp, Inc. (a) | 61469 | &nbsp;&nbsp;&nbsp; 1579138 |
| JFrog Ltd. (a) | 37570 | &nbsp;&nbsp;&nbsp; 1763160 |
| Procore Technologies, Inc. (a) | 47625 | &nbsp;&nbsp;&nbsp; 2714625 |
| Workiva, Inc. (a) | 32309 | &nbsp;&nbsp;&nbsp; 1926586 |
|  |  | &nbsp;&nbsp;&nbsp; 13190916 |
| **Specialty Retail — 1.0%** | **Specialty Retail — 1.0%** | **Specialty Retail — 1.0%** |
| Boot Barn Holdings, Inc. (a) | 20811 | &nbsp;&nbsp;&nbsp; 3045898 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Trading Companies & Distributors — 2.2%** | **Trading Companies & Distributors — 2.2%** | **Trading Companies & Distributors — 2.2%** |
| Applied Industrial Technologies, Inc.  | 10945 | &nbsp;&nbsp;&nbsp; $2903928 |
| McGrath RentCorp | 22757 | &nbsp;&nbsp;&nbsp; 2509642 |
| SiteOne Landscape Supply, Inc. (a) | 11476 | &nbsp;&nbsp;&nbsp; 1527570 |
|  |  | &nbsp;&nbsp;&nbsp; 6941140 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $231,277,474) <br>|  | &nbsp;&nbsp;&nbsp; 306309028 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—3.4%** | **Short-Term Investments—3.4%** | **Short-Term Investments—3.4%** |
| **Repurchase Agreement—3.4%** | **Repurchase Agreement—3.4%** | **Repurchase Agreement—3.4%** |
| Fixed Income Clearing Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 2.500%, due on <br> 04/01/26, with a maturity value of $10,859,737; collateralized <br> by U.S. Treasury Note at 4.375%, maturing 07/15/27, with a <br> market value of $11,076,366<br>| 10858983 | &nbsp;&nbsp;&nbsp; 10858983 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $10,858,983) <br>|  | &nbsp;&nbsp;&nbsp; 10858983 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (c)—0.3%** | **Securities Lending Reinvestments (c)—0.3%** | **Securities Lending Reinvestments (c)—0.3%** |
| **Short-Term Investment Funds—0.2%** | **Short-Term Investment Funds—0.2%** | **Short-Term Investment Funds—0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund, <br>Select Class 3.600% (d)<br>| 100000 | &nbsp;&nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds FedFund, <br>Institutional Shares 3.550% (d)<br>| 100000 | &nbsp;&nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (d)<br>| 100000 | &nbsp;&nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Government Portfolio, <br>Class I 3.530% (d)<br>| 100000 | &nbsp;&nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br>Institutional Shares 3.530% (d)<br>| 100000 | &nbsp;&nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco STIT-Government & Agency Portfolio, <br>Institutional Class 3.580% (d)<br>| 100000 | &nbsp;&nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares 3.580% (d)<br>| 100000 | &nbsp;&nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, <br>Premier Class 3.600% (d)<br>| 100000 | &nbsp;&nbsp;&nbsp; 100000 |
|  |  | &nbsp;&nbsp;&nbsp; 800000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Repurchase Agreements—0.1%** | **Repurchase Agreements—0.1%** | **Repurchase Agreements—0.1%** |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $100,010; collateralized by <br> U.S. Treasury Obligations with rates ranging from 0.000% - <br> 5.000%, maturity dates ranging from 06/30/26 - 02/15/54, <br> and an aggregate market value of $102,000<br>| 100000 | &nbsp;&nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.700%, due on <br> 04/01/26 with a maturity value of $10,001; collateralized by <br> various Common Stock with an aggregate market value of <br> $11,123<br>| 10000 | &nbsp;&nbsp;&nbsp; 10000 |

---

**BHFTII-165**

------

**Brighthouse Funds Trust II**

**Loomis Sayles Small Cap Growth Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Securities Lending Reinvestments (c)—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** |
| NatWest Markets Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $104,212; collateralized by <br> U.S. Treasury Obligations with rates ranging from 1.125% - <br> 4.875%, maturity dates ranging from 09/15/26 - 08/15/35, <br> and an aggregate market value of $106,296<br>| 104201 | &nbsp;&nbsp;&nbsp; $104201 |
|  |  | &nbsp;&nbsp;&nbsp; 214201 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $1,014,201) <br>|  | &nbsp;&nbsp;&nbsp; 1014201 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—100.7% <br>(Cost $243,150,658) <br>|  | &nbsp;&nbsp;&nbsp; 318182212 |
| Other assets and liabilities (net)—(0.7)%  |  | &nbsp;&nbsp;&nbsp; (2265251)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $315916961 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Principal amount stated in U.S. dollars unless otherwise noted.

(a) Non-income producing security.

(b) All or a portion of the security was held on loan. As of March 31, 2026, the market value of 

---

| | |
|:---|:---|
|  | securities loaned was $5,590,320 and the collateral received consisted of cash in the amount of <br> $1,014,201 and non-cash collateral with a value of $4,554,365. The cash collateral investments <br> are disclosed in the Schedule of Investments and categorized as Securities Lending <br> Reinvestments. The non-cash collateral received consists of U.S. government securities that are <br> held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or <br> repledged by the Portfolio.<br>|
| (c) | Represents investment of cash collateral received from securities on loan as of March 31, 2026. |
| (d) | The rate shown represents the annualized seven-day yield as of March 31, 2026. |

---

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Total Common Stocks\* | &nbsp;&nbsp; $306309028 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $306309028 |
| Total Short-Term Investments\* | &nbsp;&nbsp; — | &nbsp;&nbsp; 10858983 | &nbsp;&nbsp; — | &nbsp;&nbsp; 10858983 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp; 800000 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 800000 |
| &nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp; — | &nbsp;&nbsp; 214201 | &nbsp;&nbsp; — | &nbsp;&nbsp; 214201 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp; 800000 | &nbsp;&nbsp; 214201 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1014201 |
| Total Investments | &nbsp;&nbsp; $307109028 | &nbsp;&nbsp; $11073184 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $318182212 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(1014201)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(1014201)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

**BHFTII-166**

------

**Brighthouse Funds Trust II**

**MetLife Aggregate Bond Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**U.S. Treasury & Government Agencies—46.1% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Federal Agencies — 0.5%** | **Federal Agencies — 0.5%** | **Federal Agencies — 0.5%** |
| Federal Farm Credit Banks Funding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.680%, 01/13/27 | 725000 | &nbsp;&nbsp;&nbsp; $706452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.230%, 07/29/30 | 1000000 | &nbsp;&nbsp;&nbsp; 886272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.580%, 04/02/29 | 2100000 | &nbsp;&nbsp;&nbsp; 2095186 |
| Federal Home Loan Banks |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/09/26 | 1000000 | &nbsp;&nbsp;&nbsp; 1001334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/10/27 | 500000 | &nbsp;&nbsp;&nbsp; 501083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/15/36 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2171646 |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/23/30 | 3000000 | &nbsp;&nbsp;&nbsp; 2987565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 07/15/32 | 1100000 | &nbsp;&nbsp;&nbsp; 1227661 |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 11/15/30 (a) | 1450000 | &nbsp;&nbsp;&nbsp; 1611123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 05/15/30 | 1300000 | &nbsp;&nbsp;&nbsp; 1462446 |
| Tennessee Valley Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/15/42 (a) | 1600000 | &nbsp;&nbsp;&nbsp; 1325068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 08/01/34 | 500000 | &nbsp;&nbsp;&nbsp; 499847 |
|  |  | &nbsp;&nbsp;&nbsp; 16475683 |
| **U.S. Treasury — 45.6%** | **U.S. Treasury — 45.6%** | **U.S. Treasury — 45.6%** |
| U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 05/15/40 | 4100000 | &nbsp;&nbsp;&nbsp; 2582359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 08/15/40 | 3200000 | &nbsp;&nbsp;&nbsp; 1994500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, 05/15/50 | 6400000 | &nbsp;&nbsp;&nbsp; 3037000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 11/15/40 | 6000000 | &nbsp;&nbsp;&nbsp; 3863438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 08/15/50 | 7100000 | &nbsp;&nbsp;&nbsp; 3470125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 11/15/50 | 5200000 | &nbsp;&nbsp;&nbsp; 2712938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 08/15/41 | 7000000 | &nbsp;&nbsp;&nbsp; 4680156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 02/15/41 | 7000000 | &nbsp;&nbsp;&nbsp; 4849687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 02/15/51 | 8000000 | &nbsp;&nbsp;&nbsp; 4441250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 11/15/51 | 9500000 | &nbsp;&nbsp;&nbsp; 5219062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/15/41 | 9100000 | &nbsp;&nbsp;&nbsp; 6293219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/15/50 | 6400000 | &nbsp;&nbsp;&nbsp; 3725000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/15/51 | 9600000 | &nbsp;&nbsp;&nbsp; 5464500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 05/15/41 | 3700000 | &nbsp;&nbsp;&nbsp; 2696375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 08/15/46 | 3000000 | &nbsp;&nbsp;&nbsp; 1954688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 08/15/49 | 6000000 | &nbsp;&nbsp;&nbsp; 3731250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 02/15/52 | 5400000 | &nbsp;&nbsp;&nbsp; 3253500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 02/15/42 | 5000000 | &nbsp;&nbsp;&nbsp; 3643750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 11/15/49 (a) | 3000000 | &nbsp;&nbsp;&nbsp; 1911563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 05/15/51 | 5300000 | &nbsp;&nbsp;&nbsp; 3314984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/15/45 | 4000000 | &nbsp;&nbsp;&nbsp; 2805625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/15/46 | 4800000 | &nbsp;&nbsp;&nbsp; 3297750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 08/15/42 | 4820000 | &nbsp;&nbsp;&nbsp; 3683534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 11/15/42 | 1200000 | &nbsp;&nbsp;&nbsp; 912375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 08/15/47 | 3000000 | &nbsp;&nbsp;&nbsp; 2122969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 11/15/47 (a) | 9000000 | &nbsp;&nbsp;&nbsp; 6349219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/43 | 3260000 | &nbsp;&nbsp;&nbsp; 2503578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 08/15/45 | 2200000 | &nbsp;&nbsp;&nbsp; 1633156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 11/15/46 | 2000000 | &nbsp;&nbsp;&nbsp; 1461563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/49 | 16100000 | &nbsp;&nbsp;&nbsp; 11441062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/52 | 9000000 | &nbsp;&nbsp;&nbsp; 6240937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/15/44 | 2600000 | &nbsp;&nbsp;&nbsp; 1989813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/15/45 | 3100000 | &nbsp;&nbsp;&nbsp; 2358906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/15/47 | 2800000 | &nbsp;&nbsp;&nbsp; 2080750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/15/48 | 1300000 | &nbsp;&nbsp;&nbsp; 958750 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **U.S. Treasury—(Continued)** | **U.S. Treasury—(Continued)** | **U.S. Treasury—(Continued)** |
| U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/15/48 | 7700000 | &nbsp;&nbsp;&nbsp; $5649875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/15/49 | 6300000 | &nbsp;&nbsp;&nbsp; 4600969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/15/52 | 9200000 | &nbsp;&nbsp;&nbsp; 6540625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 11/15/41 | 1500000 | &nbsp;&nbsp;&nbsp; 1227188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 02/15/43 | 3270000 | &nbsp;&nbsp;&nbsp; 2617022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 08/15/44 | 4000000 | &nbsp;&nbsp;&nbsp; 3135000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 05/15/48 | 2500000 | &nbsp;&nbsp;&nbsp; 1880859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 05/15/42 | 3100000 | &nbsp;&nbsp;&nbsp; 2554594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 08/15/42 | 2200000 | &nbsp;&nbsp;&nbsp; 1837688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 05/15/44 | 3000000 | &nbsp;&nbsp;&nbsp; 2451563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 11/15/48 | 6000000 | &nbsp;&nbsp;&nbsp; 4701563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/15/39 | 1872000 | &nbsp;&nbsp;&nbsp; 1687725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 08/15/43 | 2600000 | &nbsp;&nbsp;&nbsp; 2219750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 02/15/44 | 2420000 | &nbsp;&nbsp;&nbsp; 2055488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 02/15/53 | 4300000 | &nbsp;&nbsp;&nbsp; 3450750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 05/15/53 | 7600000 | &nbsp;&nbsp;&nbsp; 6093062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 08/15/41 | 1300000 | &nbsp;&nbsp;&nbsp; 1159234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 11/15/43 | 3400000 | &nbsp;&nbsp;&nbsp; 2945250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 02/15/43 | 9000000 | &nbsp;&nbsp;&nbsp; 7995937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 05/15/43 | 7600000 | &nbsp;&nbsp;&nbsp; 6737875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/42 | 3100000 | &nbsp;&nbsp;&nbsp; 2805500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/52 (a) | 10000000 | &nbsp;&nbsp;&nbsp; 8592187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 08/15/44 | 3000000 | &nbsp;&nbsp;&nbsp; 2721094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 08/15/53 | 7700000 | &nbsp;&nbsp;&nbsp; 6754344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 11/15/40 | 1780000 | &nbsp;&nbsp;&nbsp; 1696563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/15/54 | 4100000 | &nbsp;&nbsp;&nbsp; 3672703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 08/15/54 | 7200000 | &nbsp;&nbsp;&nbsp; 6448500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 11/15/39 | 1900000 | &nbsp;&nbsp;&nbsp; 1851313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 05/15/40 | 1220000 | &nbsp;&nbsp;&nbsp; 1184734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 05/15/41 | 1350000 | &nbsp;&nbsp;&nbsp; 1300008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 08/15/43 | 2200000 | &nbsp;&nbsp;&nbsp; 2076594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/15/36 (a) | 600000 | &nbsp;&nbsp;&nbsp; 611344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/15/38 | 1500000 | &nbsp;&nbsp;&nbsp; 1509844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/15/39 | 2000000 | &nbsp;&nbsp;&nbsp; 1980313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/15/44 | 4200000 | &nbsp;&nbsp;&nbsp; 4015594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/15/54 | 8200000 | &nbsp;&nbsp;&nbsp; 7660594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 02/15/40 | 1300000 | &nbsp;&nbsp;&nbsp; 1297969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 05/15/44 | 8000000 | &nbsp;&nbsp;&nbsp; 7758750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 11/15/44 | 2100000 | &nbsp;&nbsp;&nbsp; 2031750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 05/15/54 | 5700000 | &nbsp;&nbsp;&nbsp; 5435484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 02/15/55 | 6300000 | &nbsp;&nbsp;&nbsp; 6007641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 11/15/55 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 955156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/15/41 | 1900000 | &nbsp;&nbsp;&nbsp; 1909500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 11/15/43 | 7800000 | &nbsp;&nbsp;&nbsp; 7704937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/15/45 (a) | 8200000 | &nbsp;&nbsp;&nbsp; 8057781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 11/15/53 | 9800000 | &nbsp;&nbsp;&nbsp; 9528969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 08/15/55 (a) | 3000000 | &nbsp;&nbsp;&nbsp; 2922656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 08/15/45 | 900000 | &nbsp;&nbsp;&nbsp; 897188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 02/15/29 | 750000 | &nbsp;&nbsp;&nbsp; 778418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 05/15/30 | 2500000 | &nbsp;&nbsp;&nbsp; 2716406 |
| U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.375%, 07/31/27 | 3100000 | &nbsp;&nbsp;&nbsp; 2961590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.375%, 09/30/27 | 6300000 | &nbsp;&nbsp;&nbsp; 5984754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.500%, 10/31/27 | 3800000 | &nbsp;&nbsp;&nbsp; 3606586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.625%, 11/30/27 | 7000000 | &nbsp;&nbsp;&nbsp; 6640156 |

---

**BHFTII-167**

------

**Brighthouse Funds Trust II**

**MetLife Aggregate Bond Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **U.S. Treasury—(Continued)** | **U.S. Treasury—(Continued)** | **U.S. Treasury—(Continued)** |
| U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.625%, 12/31/27 | 7200000 | &nbsp;&nbsp;&nbsp; $6811875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.625%, 05/15/30 (a) | 8000000 | &nbsp;&nbsp;&nbsp; 7006250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.625%, 08/15/30 (a) | 13800000 | &nbsp;&nbsp;&nbsp; 11982281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.750%, 01/31/28 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1891719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.875%, 11/15/30 | 7700000 | &nbsp;&nbsp;&nbsp; 6711633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.000%, 07/31/28 | 4000000 | &nbsp;&nbsp;&nbsp; 3750938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 02/29/28 | 1200000 | &nbsp;&nbsp;&nbsp; 1140797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 08/31/28 (a) | 6000000 | &nbsp;&nbsp;&nbsp; 5630156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 02/15/31 (a) | 7500000 | &nbsp;&nbsp;&nbsp; 6574805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, 03/31/28 | 5100000 | &nbsp;&nbsp;&nbsp; 4850180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, 04/30/28 | 6000000 | &nbsp;&nbsp;&nbsp; 5694375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, 05/31/28 | 3400000 | &nbsp;&nbsp;&nbsp; 3220172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, 06/30/28 | 5900000 | &nbsp;&nbsp;&nbsp; 5576422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, 09/30/28 | 6000000 | &nbsp;&nbsp;&nbsp; 5635312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, 08/15/31 (a) | 21800000 | &nbsp;&nbsp;&nbsp; 18918312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 10/31/28 | 3300000 | &nbsp;&nbsp;&nbsp; 3103289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 11/15/31 | 19900000 | &nbsp;&nbsp;&nbsp; 17257031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 11/30/28 | 14200000 | &nbsp;&nbsp;&nbsp; 13372406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 02/15/30 | 8300000 | &nbsp;&nbsp;&nbsp; 7595148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 08/15/29 (a) | 7900000 | &nbsp;&nbsp;&nbsp; 7351320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 05/15/31 | 13200000 | &nbsp;&nbsp;&nbsp; 11772750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 01/31/29 (a) | 5000000 | &nbsp;&nbsp;&nbsp; 4722656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 02/28/29 (a) | 2100000 | &nbsp;&nbsp;&nbsp; 1987945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 02/15/32 | 9200000 | &nbsp;&nbsp;&nbsp; 8158531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 08/15/27 | 6100000 | &nbsp;&nbsp;&nbsp; 5971328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 11/15/27 | 2600000 | &nbsp;&nbsp;&nbsp; 2535508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 05/15/27 | 10000000 | &nbsp;&nbsp;&nbsp; 9842969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 03/31/29 | 4200000 | &nbsp;&nbsp;&nbsp; 4028063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 05/15/29 | 6800000 | &nbsp;&nbsp;&nbsp; 6511531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 05/31/27 | 4000000 | &nbsp;&nbsp;&nbsp; 3945938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 02/15/29 (a) | 8300000 | &nbsp;&nbsp;&nbsp; 8030250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 07/31/27 | 15600000 | &nbsp;&nbsp;&nbsp; 15382453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 02/15/28 | 6000000 | &nbsp;&nbsp;&nbsp; 5884922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 05/31/29 (a) | 13800000 | &nbsp;&nbsp;&nbsp; 13353656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 08/15/32 (a) | 8700000 | &nbsp;&nbsp;&nbsp; 8046820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/28 | 5900000 | &nbsp;&nbsp;&nbsp; 5787992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 08/15/28 | 6000000 | &nbsp;&nbsp;&nbsp; 5872969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/32 (a) | 10500000 | &nbsp;&nbsp;&nbsp; 9820781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 11/15/28 (a) | 8000000 | &nbsp;&nbsp;&nbsp; 7861250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 08/31/29 | 5300000 | &nbsp;&nbsp;&nbsp; 5175367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 06/30/27 (a) | 4200000 | &nbsp;&nbsp;&nbsp; 4170961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 09/15/27 | 15400000 | &nbsp;&nbsp;&nbsp; 15300141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 11/30/27 | 10000000 | &nbsp;&nbsp;&nbsp; 9926953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 05/15/33 | 7300000 | &nbsp;&nbsp;&nbsp; 6953250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/31/27 (a) | 10000000 | &nbsp;&nbsp;&nbsp; 9948047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/31/28 (a) | 4000000 | &nbsp;&nbsp;&nbsp; 3977500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/30/28 | 12300000 | &nbsp;&nbsp;&nbsp; 12222164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/30/29 | 8500000 | &nbsp;&nbsp;&nbsp; 8398398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/31/30 | 11300000 | &nbsp;&nbsp;&nbsp; 11141977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/30/30 | 8300000 | &nbsp;&nbsp;&nbsp; 8174203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/15/33 (a) | 10700000 | &nbsp;&nbsp;&nbsp; 10297078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 03/31/28 (a) | 6200000 | &nbsp;&nbsp;&nbsp; 6177961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 08/15/28 | 7000000 | &nbsp;&nbsp;&nbsp; 6970469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 08/31/29 (a) | 12000000 | &nbsp;&nbsp;&nbsp; 11909063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 03/31/30 | 5200000 | &nbsp;&nbsp;&nbsp; 5146781 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **U.S. Treasury—(Continued)** | **U.S. Treasury—(Continued)** | **U.S. Treasury—(Continued)** |
| U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 09/30/30 (a) | 6000000 | &nbsp;&nbsp;&nbsp; $5925937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 06/30/27 | 7000000 | &nbsp;&nbsp;&nbsp; 6994531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 08/15/27 | 15200000 | &nbsp;&nbsp;&nbsp; 15181594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 04/15/28 (a) | 15100000 | &nbsp;&nbsp;&nbsp; 15079945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 05/15/28 | 7000000 | &nbsp;&nbsp;&nbsp; 6990156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 12/31/28 | 15300000 | &nbsp;&nbsp;&nbsp; 15270117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 12/31/30 | 11400000 | &nbsp;&nbsp;&nbsp; 11302922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 01/31/31 (a) | 11900000 | &nbsp;&nbsp;&nbsp; 11799594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 08/31/31 | 10000000 | &nbsp;&nbsp;&nbsp; 9876562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 11/30/32 (a) | 4000000 | &nbsp;&nbsp;&nbsp; 3915000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 07/31/27 (a) | 9900000 | &nbsp;&nbsp;&nbsp; 9904641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 10/15/27 | 15200000 | &nbsp;&nbsp;&nbsp; 15210094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 11/30/27 | 4000000 | &nbsp;&nbsp;&nbsp; 4002344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 12/31/27 | 500000 | &nbsp;&nbsp;&nbsp; 500352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 03/15/28 | 12900000 | &nbsp;&nbsp;&nbsp; 12915117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 06/15/28 | 4000000 | &nbsp;&nbsp;&nbsp; 4005938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 09/30/29 | 4900000 | &nbsp;&nbsp;&nbsp; 4900383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 12/31/29 | 8200000 | &nbsp;&nbsp;&nbsp; 8196156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 04/30/30 | 7900000 | &nbsp;&nbsp;&nbsp; 7891977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 06/30/30 (a) | 8000000 | &nbsp;&nbsp;&nbsp; 7988125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 08/15/33 (a) | 19900000 | &nbsp;&nbsp;&nbsp; 19536203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 08/15/34 (a) | 14000000 | &nbsp;&nbsp;&nbsp; 13643437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/15/27 (a) | 8100000 | &nbsp;&nbsp;&nbsp; 8122148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/29/28 | 12100000 | &nbsp;&nbsp;&nbsp; 12140176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/30/28 | 3000000 | &nbsp;&nbsp;&nbsp; 3012656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/31/29 | 8200000 | &nbsp;&nbsp;&nbsp; 8237797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/31/29 | 5900000 | &nbsp;&nbsp;&nbsp; 5926734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/31/29 (a) | 5000000 | &nbsp;&nbsp;&nbsp; 5019922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/28/30 | 2000000 | &nbsp;&nbsp;&nbsp; 2007500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/31/30 | 4000000 | &nbsp;&nbsp;&nbsp; 4014688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/31/30 (a) | 4900000 | &nbsp;&nbsp;&nbsp; 4917227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/31/30 | 14900000 | &nbsp;&nbsp;&nbsp; 14948891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/31/31 | 11200000 | &nbsp;&nbsp;&nbsp; 11222750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/30/32 | 17800000 | &nbsp;&nbsp;&nbsp; 17736031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/15/34 | 8300000 | &nbsp;&nbsp;&nbsp; 8188469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/35 (a) | 14100000 | &nbsp;&nbsp;&nbsp; 13754109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 09/30/27 | 4000000 | &nbsp;&nbsp;&nbsp; 4016719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 10/31/27 | 5900000 | &nbsp;&nbsp;&nbsp; 5923969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 11/15/27 | 15100000 | &nbsp;&nbsp;&nbsp; 15164883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 07/31/28 | 12100000 | &nbsp;&nbsp;&nbsp; 12183187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 03/31/29 | 13100000 | &nbsp;&nbsp;&nbsp; 13209508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 10/31/29 | 14000000 | &nbsp;&nbsp;&nbsp; 14114844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 08/31/30 | 4100000 | &nbsp;&nbsp;&nbsp; 4131711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 07/31/31 | 3100000 | &nbsp;&nbsp;&nbsp; 3119859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 10/31/31 | 11200000 | &nbsp;&nbsp;&nbsp; 11259500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 02/29/32 | 16100000 | &nbsp;&nbsp;&nbsp; 16160375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 11/15/32 (a) | 15200000 | &nbsp;&nbsp;&nbsp; 15207125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 02/15/36 (a) | 6500000 | &nbsp;&nbsp;&nbsp; 6398437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/15/28 (a) | 9800000 | &nbsp;&nbsp;&nbsp; 9875797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/28/29 | 15000000 | &nbsp;&nbsp;&nbsp; 15172266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 06/30/29 | 2000000 | &nbsp;&nbsp;&nbsp; 2024688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 01/31/30 | 12900000 | &nbsp;&nbsp;&nbsp; 13062258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/28/31 (a) | 6000000 | &nbsp;&nbsp;&nbsp; 6077812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 06/30/31 | 11100000 | &nbsp;&nbsp;&nbsp; 11239617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 11/15/34 (a) | 14300000 | &nbsp;&nbsp;&nbsp; 14295531 |

---

**BHFTII-168**

------

**Brighthouse Funds Trust II**

**MetLife Aggregate Bond Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **U.S. Treasury—(Continued)** | **U.S. Treasury—(Continued)** | **U.S. Treasury—(Continued)** |
| U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 05/15/35 (a) | 12100000 | &nbsp;&nbsp;&nbsp; $12067859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 08/15/35 (a) | 13500000 | &nbsp;&nbsp;&nbsp; 13451484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 07/15/27 | 5900000 | &nbsp;&nbsp;&nbsp; 5940562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 08/31/28 | 7100000 | &nbsp;&nbsp;&nbsp; 7189305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 11/30/28 | 2000000 | &nbsp;&nbsp;&nbsp; 2027813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 12/31/29 (a) | 8000000 | &nbsp;&nbsp;&nbsp; 8135625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 11/30/30 | 3000000 | &nbsp;&nbsp;&nbsp; 3054375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 05/15/34 | 16000000 | &nbsp;&nbsp;&nbsp; 16167500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/15/27 | 11900000 | &nbsp;&nbsp;&nbsp; 11987391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/31/31 | 3900000 | &nbsp;&nbsp;&nbsp; 3993234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/15/33 | 13700000 | &nbsp;&nbsp;&nbsp; 13984703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 06/15/27 | 14900000 | &nbsp;&nbsp;&nbsp; 15039687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 09/30/28 (a) | 5800000 | &nbsp;&nbsp;&nbsp; 5911016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 04/30/29 | 14800000 | &nbsp;&nbsp;&nbsp; 15135312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 09/30/30 | 4000000 | &nbsp;&nbsp;&nbsp; 4114063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 04/30/31 | 10800000 | &nbsp;&nbsp;&nbsp; 11120625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 05/31/31 | 10800000 | &nbsp;&nbsp;&nbsp; 11120625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 02/15/35 (a) | 10300000 | &nbsp;&nbsp;&nbsp; 10567156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 10/31/28 (a) | 11800000 | &nbsp;&nbsp;&nbsp; 12101453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 10/31/30 | 4800000 | &nbsp;&nbsp;&nbsp; 4986375 |
|  |  | &nbsp;&nbsp;&nbsp; 1456795786 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury & Government Agencies <br>(Cost $1,527,083,969) <br>|  | &nbsp;&nbsp;&nbsp; 1473271469 |
| **Corporate Bonds & Notes—25.2%** | **Corporate Bonds & Notes—25.2%** | **Corporate Bonds & Notes—25.2%** |
| **Aerospace/Defense — 0.4%** | **Aerospace/Defense — 0.4%** | **Aerospace/Defense — 0.4%** |
| Boeing Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 05/01/30 | 2300000 | &nbsp;&nbsp;&nbsp; 2335144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.930%, 05/01/60 | 1100000 | &nbsp;&nbsp;&nbsp; 1058937 |
| GE Capital International Funding Co. Unlimited Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.418%, 11/15/35 | 459000 | &nbsp;&nbsp;&nbsp; 440245 |
| General Dynamics Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 08/15/35 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1005940 |
| General Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 08/21/35 | 100000 | &nbsp;&nbsp;&nbsp; 119115 |
| L3Harris Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 01/15/27 (a) | 1500000 | &nbsp;&nbsp;&nbsp; 1512135 |
| Lockheed Martin Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.090%, 09/15/52 | 954000 | &nbsp;&nbsp;&nbsp; 745170 |
| Northrop Grumman Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 01/15/28 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 1080893 |
| Northrop Grumman Systems Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 02/15/31 | 515000 | &nbsp;&nbsp;&nbsp; 584628 |
| RTX Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 05/04/27 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 987410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/42 | 1645000 | &nbsp;&nbsp;&nbsp; 1459822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 03/15/34 | 1800000 | &nbsp;&nbsp;&nbsp; 1938276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 09/15/29 (a) | 200000 | &nbsp;&nbsp;&nbsp; 219628 |
|  |  | &nbsp;&nbsp;&nbsp; 13487343 |
| **Agriculture — 0.3%** | **Agriculture — 0.3%** | **Agriculture — 0.3%** |
| Altria Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 02/14/49 (a) | 1200000 | &nbsp;&nbsp;&nbsp; 1163280 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agriculture—(Continued)** | **Agriculture—(Continued)** | **Agriculture—(Continued)** |
| BAT Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.390%, 08/15/37 (a) | 1300000 | &nbsp;&nbsp;&nbsp; $1181323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 08/15/32 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1026030 |
| Philip Morris International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 11/15/43 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 988955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 02/13/34 (a) | 5000000 | &nbsp;&nbsp;&nbsp; 5095300 |
|  |  | &nbsp;&nbsp;&nbsp; 9454888 |
| **Airlines — 0.1%** | **Airlines — 0.1%** | **Airlines — 0.1%** |
| Southwest Airlines Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 06/15/27 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1003450 |
| United Airlines Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 08/15/38 | 939746 | &nbsp;&nbsp;&nbsp; 944886 |
|  |  | &nbsp;&nbsp;&nbsp; 1948336 |
| **Apparel — 0.0%** | **Apparel — 0.0%** | **Apparel — 0.0%** |
| NIKE, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 03/27/27 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 987280 |
| **Auto Manufacturers — 0.6%** | **Auto Manufacturers — 0.6%** | **Auto Manufacturers — 0.6%** |
| American Honda Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 01/12/29 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 937410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.300%, 09/09/26 (a) | 300000 | &nbsp;&nbsp;&nbsp; 297126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 03/05/35 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 979800 |
| Cummins, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 05/09/35 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1018460 |
| Ford Motor Credit Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 03/05/27 (a) | 3000000 | &nbsp;&nbsp;&nbsp; 3016740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.800%, 05/12/28 (a) | 2500000 | &nbsp;&nbsp;&nbsp; 2575450 |
| General Motors Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 04/01/45 (a) | 2500000 | &nbsp;&nbsp;&nbsp; 2168450 |
| General Motors Financial Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 01/17/27 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1997020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 04/04/34 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1026310 |
| Mercedes-Benz Finance North America LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 01/18/31 (a) | 550000 | &nbsp;&nbsp;&nbsp; 637615 |
| PACCAR Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 03/03/28 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1008150 |
| Toyota Motor Credit Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 04/01/30 (a) | 2600000 | &nbsp;&nbsp;&nbsp; 2496156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 01/05/29 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1010180 |
|  |  | &nbsp;&nbsp;&nbsp; 19168867 |
| **Banks — 5.2%** | **Banks — 5.2%** | **Banks — 5.2%** |
| Banco Santander SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.379%, 04/12/28 | 2200000 | &nbsp;&nbsp;&nbsp; 2192586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.439%, 07/15/31 | 2000000 | &nbsp;&nbsp;&nbsp; 2057420 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.687%, SOFR + 1.320%, 04/22/32 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1814160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.083%, 3M TSFR + 3.412%, 03/20/51 (b) | 6500000 | &nbsp;&nbsp;&nbsp; 5023655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.015%, SOFR + 2.160%, 07/22/33 (a) (b) | 3100000 | &nbsp;&nbsp;&nbsp; 3119499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.288%, SOFR + 1.910%, 04/25/34 (b) | 2400000 | &nbsp;&nbsp;&nbsp; 2428296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 02/07/42 | 1500000 | &nbsp;&nbsp;&nbsp; 1543755 |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, SOFR + 1.080%, 09/22/31 (a) (b) | 1500000 | &nbsp;&nbsp;&nbsp; 1479585 |

---

**BHFTII-169**

------

**Brighthouse Funds Trust II**

**MetLife Aggregate Bond Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| Bank of New York Mellon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.942%, SOFR + 0.887%, 02/11/31 (a) (b) | 2000000 | &nbsp;&nbsp;&nbsp; $2027480 |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 02/01/30 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1012260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.932%, SOFR + 0.890%, 02/14/29 (a) (b) | 1000000 | &nbsp;&nbsp;&nbsp; 1008510 |
| Barclays PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.501%, 1Y H15 + 2.650%, 08/09/28 (a) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2023300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.224%, SOFR + 2.980%, 05/09/34 (a) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2098220 |
| Canadian Imperial Bank of Commerce |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.245%, SOFR + 1.105%, 01/13/31 (a) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2042700 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.572%, SOFR + 2.107%, 06/03/31 (b) | 2500000 | &nbsp;&nbsp;&nbsp; 2292600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.412%, SOFR + 3.914%, 03/31/31 (a) (b) | 2900000 | &nbsp;&nbsp;&nbsp; 2864388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.174%, SOFR + 1.364%, 02/13/30 (a) (b) | 7000000 | &nbsp;&nbsp;&nbsp; 7107520 |
| Cooperatieve Rabobank UA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 12/01/43 (a) | 1200000 | &nbsp;&nbsp;&nbsp; 1168692 |
| Deutsche Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, SOFR + 1.300%, 08/04/31 (b) | 1500000 | &nbsp;&nbsp;&nbsp; 1494435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.297%, SOFR + 1.720%, 05/09/31 (b) | 1000000 | &nbsp;&nbsp;&nbsp; 1010260 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 01/26/27 (a) | 1900000 | &nbsp;&nbsp;&nbsp; 1893711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.223%, 3M TSFR + 1.563%, 05/01/29 (b) | 1900000 | &nbsp;&nbsp;&nbsp; 1888847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.016%, SOFR + 1.420%, 10/23/35 (a) (b) | 5400000 | &nbsp;&nbsp;&nbsp; 5301072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 02/15/33 (a) | 2075000 | &nbsp;&nbsp;&nbsp; 2225396 |
| HSBC Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.973%, 3M TSFR + 1.872%, 05/22/30 (a) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1956080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.130%, SOFR + 1.040%, 11/19/28 (b) | 6000000 | &nbsp;&nbsp;&nbsp; 6046740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 09/15/37 | 1205000 | &nbsp;&nbsp;&nbsp; 1285181 |
| Huntington Bancshares, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.709%, SOFR + 1.870%, 02/02/35 (a) (b) | 1000000 | &nbsp;&nbsp;&nbsp; 1020570 |
| ING Groep NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, SOFR + 1.770%, 03/19/35 (a) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2029700 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.953%, SOFR + 1.065%, 02/04/32 (b) | 2100000 | &nbsp;&nbsp;&nbsp; 1850478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.522%, SOFR + 2.040%, 04/22/31 (a) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1847840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.157%, 3M TSFR + 1.460%, 04/22/42 (b) | 4900000 | &nbsp;&nbsp;&nbsp; 3677744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.882%, 3M TSFR + 1.622%, 07/24/38 (b) | 1000000 | &nbsp;&nbsp;&nbsp; 877660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.964%, 3M TSFR + 1.642%, 11/15/48 (b) | 2400000 | &nbsp;&nbsp;&nbsp; 1862760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.103%, SOFR + 1.435%, 04/22/31 (a) (b) | 1500000 | &nbsp;&nbsp;&nbsp; 1527120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, SOFR + 1.845%, 06/01/34 (a) (b) | 2900000 | &nbsp;&nbsp;&nbsp; 2956231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.534%, SOFR + 1.550%, 11/29/45 (a) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1963100 |
| Kreditanstalt fuer Wiederaufbau |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 09/14/29 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1864640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 02/15/28 | 2000000 | &nbsp;&nbsp;&nbsp; 1997640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 07/15/30 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 993130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 03/01/27 (a) | 1500000 | &nbsp;&nbsp;&nbsp; 1507215 |
| Landwirtschaftliche Rentenbank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 09/28/27 | 1000000 | &nbsp;&nbsp;&nbsp; 999820 |
| Lloyds Banking Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.574%, 11/07/28 (a) | 1800000 | &nbsp;&nbsp;&nbsp; 1774908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.590%, 1Y H15 + 1.200%, 11/26/35 (a) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2033360 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.133%, 1Y H15 + 2.125%, 07/20/33 (a) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2013300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.574%, 1Y H15 + 0.950%, 01/16/36 (a) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2043460 |
| Mizuho Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.018%, 03/05/28 (a) | 1800000 | &nbsp;&nbsp;&nbsp; 1789488 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| Mizuho Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.098%, 1Y H15 + 0.820%, 05/13/31 (a) (b) | 2000000 | &nbsp;&nbsp;&nbsp; $2022960 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 01/27/45 (a) | 1900000 | &nbsp;&nbsp;&nbsp; 1568564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.230%, SOFR + 1.108%, 01/15/31 (b) | 1500000 | &nbsp;&nbsp;&nbsp; 1523415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.942%, 5Y H15 + 1.800%, 02/07/39 (a) (b) | 4700000 | &nbsp;&nbsp;&nbsp; 4804340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 04/01/32 (a) | 1850000 | &nbsp;&nbsp;&nbsp; 2092387 |
| Morgan Stanley Bank NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.504%, SOFR + 0.865%, 05/26/28 (b) | 8000000 | &nbsp;&nbsp;&nbsp; 8091440 |
| National Australia Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.901%, 01/14/30 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1019660 |
| NatWest Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.964%, 1Y H15 + 1.220%, 08/15/30 (a) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2018740 |
| Oesterreichische Kontrollbank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 01/18/29 (a) | 500000 | &nbsp;&nbsp;&nbsp; 503070 |
| PNC Financial Services Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.492%, SOFR + 1.198%, 05/14/30 (a) (b) | 1900000 | &nbsp;&nbsp;&nbsp; 1954055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.582%, SOFR + 1.841%, 06/12/29 (a) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2049760 |
| Royal Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.522%, SOFR + 0.860%, 10/18/28 (b) | 1000000 | &nbsp;&nbsp;&nbsp; 1000990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.969%, SOFR + 1.100%, 08/02/30 (a) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2024760 |
| Santander Holdings USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.741%, SOFR + 1.878%, 03/20/31 (a) (b) | 1000000 | &nbsp;&nbsp;&nbsp; 1025160 |
| State Street Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.146%, SOFR + 1.217%, 02/28/36 (a) (b) | 1500000 | &nbsp;&nbsp;&nbsp; 1503540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.684%, SOFR + 1.484%, 11/21/29 (a) (b) | 1000000 | &nbsp;&nbsp;&nbsp; 1034430 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.632%, 01/15/35 (a) | 2800000 | &nbsp;&nbsp;&nbsp; 2887192 |
| Toronto-Dominion Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.994%, 04/05/29 (a) | 4000000 | &nbsp;&nbsp;&nbsp; 4060520 |
| Truist Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.435%, SOFR + 1.620%, 01/24/30 (a) (b) | 2900000 | &nbsp;&nbsp;&nbsp; 2966381 |
| U.S. Bancorp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.678%, SOFR + 1.860%, 01/23/35 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2065140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.775%, SOFR + 2.020%, 06/12/29 (a) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2056360 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.879%, 3M TSFR + 1.432%, 10/30/30 (a) (b) | 2400000 | &nbsp;&nbsp;&nbsp; 2264472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.499%, SOFR + 1.780%, 01/23/35 (a) (b) | 8000000 | &nbsp;&nbsp;&nbsp; 8140160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.557%, SOFR + 1.990%, 07/25/34 (a) (b) | 1500000 | &nbsp;&nbsp;&nbsp; 1536060 |
| Westpac Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.668%, 5Y H15 + 1.750%, 11/15/35 (a) (b) | 1700000 | &nbsp;&nbsp;&nbsp; 1525546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.618%, 1Y H15 + 1.200%, 11/20/35 (a) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2023300 |
|  |  | &nbsp;&nbsp;&nbsp; 166798914 |
| **Beverages — 0.5%** | **Beverages — 0.5%** | **Beverages — 0.5%** |
| Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 02/01/36 | 1000000 | &nbsp;&nbsp;&nbsp; 973730 |
| Anheuser-Busch InBev Worldwide, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.439%, 10/06/48 (a) | 1165000 | &nbsp;&nbsp;&nbsp; 974907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 01/23/49 (a) | 1900000 | &nbsp;&nbsp;&nbsp; 1841765 |
| Coca-Cola Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.650%, 06/01/30 (a) | 2400000 | &nbsp;&nbsp;&nbsp; 2169672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 05/13/54 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 957000 |
| Constellation Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 01/15/29 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2011120 |

---

**BHFTII-170**

------

**Brighthouse Funds Trust II**

**MetLife Aggregate Bond Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Beverages—(Continued)** | **Beverages—(Continued)** | **Beverages—(Continued)** |
| Diageo Capital PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 10/24/29 (a) | 1400000 | &nbsp;&nbsp;&nbsp; $1308594 |
| Keurig Dr. Pepper, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.597%, 05/25/28 (a) | 1200000 | &nbsp;&nbsp;&nbsp; 1199892 |
| PepsiCo, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 03/19/30 (a) | 800000 | &nbsp;&nbsp;&nbsp; 756048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 04/14/46 (a) | 1300000 | &nbsp;&nbsp;&nbsp; 1126229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/17/29 | 2000000 | &nbsp;&nbsp;&nbsp; 2017940 |
|  |  | &nbsp;&nbsp;&nbsp; 15336897 |
| **Biotechnology — 0.2%** | **Biotechnology — 0.2%** | **Biotechnology — 0.2%** |
| Amgen, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 01/15/32 (a) | 1600000 | &nbsp;&nbsp;&nbsp; 1384256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.663%, 06/15/51 | 1000000 | &nbsp;&nbsp;&nbsp; 839610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 03/02/43 | 1000000 | &nbsp;&nbsp;&nbsp; 986850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 03/02/53 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 967880 |
| Gilead Sciences, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 11/15/64 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1936640 |
|  |  | &nbsp;&nbsp;&nbsp; 6115236 |
| **Building Materials — 0.1%** | **Building Materials — 0.1%** | **Building Materials — 0.1%** |
| CRH SMW Finance DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 01/09/30 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1016540 |
| Owens Corning |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 06/15/34 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1034690 |
| Trane Technologies Financing Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 03/21/29 | 1000000 | &nbsp;&nbsp;&nbsp; 987420 |
|  |  | &nbsp;&nbsp;&nbsp; 3038650 |
| **Chemicals — 0.2%** | **Chemicals — 0.2%** | **Chemicals — 0.2%** |
| Dow Chemical Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 11/15/42 | 1000000 | &nbsp;&nbsp;&nbsp; 783400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 02/15/34 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1949140 |
| DuPont de Nemours, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.419%, 11/15/48 (a) | 211000 | &nbsp;&nbsp;&nbsp; 194744 |
| LyondellBasell Industries NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 02/26/55 (a) | 1400000 | &nbsp;&nbsp;&nbsp; 1048642 |
| Nutrien Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 04/01/29 | 1000000 | &nbsp;&nbsp;&nbsp; 992590 |
| Sherwin-Williams Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.450%, 06/01/27 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 989720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/47 (a) | 1500000 | &nbsp;&nbsp;&nbsp; 1247400 |
| Westlake Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 08/15/51 | 500000 | &nbsp;&nbsp;&nbsp; 303395 |
|  |  | &nbsp;&nbsp;&nbsp; 7509031 |
| **Commercial Services — 0.2%** | **Commercial Services — 0.2%** | **Commercial Services — 0.2%** |
| Global Payments, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 05/15/30 (a) | 900000 | &nbsp;&nbsp;&nbsp; 822717 |
| Massachusetts Institute of Technology |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.294%, 07/01/51 | 1200000 | &nbsp;&nbsp;&nbsp; 672120 |
| PayPal Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.850%, 10/01/29 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1896980 |
| President & Fellows of Harvard College |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.609%, 02/15/35 | 1000000 | &nbsp;&nbsp;&nbsp; 988740 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Services—(Continued)** | **Commercial Services—(Continued)** | **Commercial Services—(Continued)** |
| Quanta Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 08/09/34 (a) | 1000000 | &nbsp;&nbsp;&nbsp; $1006260 |
| S&P Global, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.300%, 08/15/60 | 800000 | &nbsp;&nbsp;&nbsp; 386256 |
| Yale University |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.402%, 04/15/50 | 2000000 | &nbsp;&nbsp;&nbsp; 1187560 |
|  |  | &nbsp;&nbsp;&nbsp; 6960633 |
| **Computers — 0.5%** | **Computers — 0.5%** | **Computers — 0.5%** |
| Apple, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.650%, 02/08/31 (a) | 2900000 | &nbsp;&nbsp;&nbsp; 2587293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.550%, 08/20/60 | 1000000 | &nbsp;&nbsp;&nbsp; 534890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.650%, 02/08/51 | 1500000 | &nbsp;&nbsp;&nbsp; 908595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.350%, 08/08/32 (a) | 2300000 | &nbsp;&nbsp;&nbsp; 2190612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 02/23/46 | 1000000 | &nbsp;&nbsp;&nbsp; 896030 |
| Dell International LLC/EMC Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 02/15/36 (a) | 500000 | &nbsp;&nbsp;&nbsp; 488780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 10/01/29 (a) | 1800000 | &nbsp;&nbsp;&nbsp; 1836846 |
| Hewlett Packard Enterprise Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 10/15/54 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 894880 |
| HP, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/15/29 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 981700 |
| IBM International Capital Pte. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 02/05/34 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1973540 |
| International Business Machines Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/20/42 (a) | 1200000 | &nbsp;&nbsp;&nbsp; 971208 |
|  |  | &nbsp;&nbsp;&nbsp; 14264374 |
| **Cosmetics/Personal Care — 0.2%** | **Cosmetics/Personal Care — 0.2%** | **Cosmetics/Personal Care — 0.2%** |
| Estee Lauder Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.950%, 03/15/31 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 971157 |
| Haleon U.S. Capital LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 03/24/32 (a) | 1300000 | &nbsp;&nbsp;&nbsp; 1224444 |
| Kenvue, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 03/22/53 (a) | 400000 | &nbsp;&nbsp;&nbsp; 361204 |
| Procter & Gamble Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.550%, 03/25/40 (a) | 900000 | &nbsp;&nbsp;&nbsp; 766251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 01/29/34 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1001230 |
| Unilever Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 05/05/27 (a) | 1500000 | &nbsp;&nbsp;&nbsp; 1482765 |
|  |  | &nbsp;&nbsp;&nbsp; 5807051 |
| **Diversified Financial Services — 1.0%** | **Diversified Financial Services — 1.0%** | **Diversified Financial Services — 1.0%** |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 01/30/32 | 1000000 | &nbsp;&nbsp;&nbsp; 909090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, 07/21/27 | 1900000 | &nbsp;&nbsp;&nbsp; 1880335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 12/15/31 | 1000000 | &nbsp;&nbsp;&nbsp; 1015800 |
| American Express Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 05/03/27 (a) | 3000000 | &nbsp;&nbsp;&nbsp; 2973300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.442%, SOFR + 1.320%, 01/30/36 (a) (b) | 1000000 | &nbsp;&nbsp;&nbsp; 1017670 |
| Blackrock, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 05/25/33 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1006480 |
| Brookfield Capital Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.087%, 06/14/33 (a) | 500000 | &nbsp;&nbsp;&nbsp; 522355 |
| Brookfield Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 01/25/28 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 988840 |

---

**BHFTII-171**

------

**Brighthouse Funds Trust II**

**MetLife Aggregate Bond Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Diversified Financial Services—(Continued)** | **Diversified Financial Services—(Continued)** | **Diversified Financial Services—(Continued)** |
| Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 01/31/28 (a) | 1800000 | &nbsp;&nbsp;&nbsp; $1778994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.463%, SOFR + 1.560%, 07/26/30 (a) (b) | 1500000 | &nbsp;&nbsp;&nbsp; 1531875 |
| Charles Schwab Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/22/30 | 900000 | &nbsp;&nbsp;&nbsp; 912375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.643%, SOFR + 2.210%, 05/19/29 (a) (b) | 500000 | &nbsp;&nbsp;&nbsp; 513655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.853%, SOFR + 2.500%, 05/19/34 (a) (b) | 2400000 | &nbsp;&nbsp;&nbsp; 2521536 |
| Intercontinental Exchange, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/15/50 | 1000000 | &nbsp;&nbsp;&nbsp; 639650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 03/15/31 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1971900 |
| Jefferies Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 07/21/28 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1021290 |
| Mastercard, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.350%, 03/26/30 (a) | 1700000 | &nbsp;&nbsp;&nbsp; 1644784 |
| Nasdaq, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 03/07/52 (a) | 700000 | &nbsp;&nbsp;&nbsp; 513604 |
| Nomura Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.679%, 07/16/30 | 1000000 | &nbsp;&nbsp;&nbsp; 914430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.070%, 07/12/28 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1030720 |
| ORIX Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 02/25/35 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1005800 |
| Private Export Funding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.400%, 07/15/28 | 500000 | &nbsp;&nbsp;&nbsp; 471465 |
| Visa, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.100%, 02/15/31 (a) | 3100000 | &nbsp;&nbsp;&nbsp; 2684352 |
| Voya Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 01/23/48 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 947810 |
|  |  | &nbsp;&nbsp;&nbsp; 30418110 |
| **Electric — 2.2%** | **Electric — 2.2%** | **Electric — 2.2%** |
| Appalachian Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 05/01/50 | 900000 | &nbsp;&nbsp;&nbsp; 640404 |
| CenterPoint Energy Houston Electric LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/44 | 1300000 | &nbsp;&nbsp;&nbsp; 1125319 |
| CMS Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 5Y H15 + 4.116%, 06/01/50 (a) (b) | 1500000 | &nbsp;&nbsp;&nbsp; 1451505 |
| Commonwealth Edison Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/50 | 900000 | &nbsp;&nbsp;&nbsp; 576459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 06/01/55 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1017850 |
| Connecticut Light & Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/48 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 777680 |
| Consolidated Edison Co. of New York, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 03/01/43 | 2070000 | &nbsp;&nbsp;&nbsp; 1667902 |
| Constellation Energy Generation LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 03/01/28 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1021680 |
| Dominion Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 03/15/49 | 800000 | &nbsp;&nbsp;&nbsp; 647872 |
| DTE Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 03/15/45 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 766780 |
| Duke Energy Carolinas LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.550%, 03/15/52 | 1000000 | &nbsp;&nbsp;&nbsp; 704340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 02/15/40 | 2000000 | &nbsp;&nbsp;&nbsp; 1980060 |
| Duke Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.650%, 09/01/26 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 993190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.450%, 5Y H15 + 2.588%, 09/01/54 (a) (b) | 3900000 | &nbsp;&nbsp;&nbsp; 4019379 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Electric—(Continued)** | **Electric—(Continued)** | **Electric—(Continued)** |
| Entergy Louisiana LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/15/33 | 1000000 | &nbsp;&nbsp;&nbsp; $950100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 03/15/55 | 1000000 | &nbsp;&nbsp;&nbsp; 981740 |
| Evergy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 09/15/29 (a) | 500000 | &nbsp;&nbsp;&nbsp; 474075 |
| Exelon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 03/15/53 | 1000000 | &nbsp;&nbsp;&nbsp; 943700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 06/15/35 (a) | 500000 | &nbsp;&nbsp;&nbsp; 512600 |
| Florida Power & Light Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 02/01/38 (a) | 1700000 | &nbsp;&nbsp;&nbsp; 1818456 |
| Georgia Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 03/15/42 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1726320 |
| Indiana Michigan Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 04/01/53 | 2500000 | &nbsp;&nbsp;&nbsp; 2413050 |
| Interstate Power & Light Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 06/29/35 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1025370 |
| Louisville Gas & Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 04/01/49 | 800000 | &nbsp;&nbsp;&nbsp; 637144 |
| MidAmerican Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, 04/15/29 (a) | 1700000 | &nbsp;&nbsp;&nbsp; 1669825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 07/15/49 | 1500000 | &nbsp;&nbsp;&nbsp; 1205730 |
| National Rural Utilities Cooperative Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.400%, 03/15/30 (a) | 1800000 | &nbsp;&nbsp;&nbsp; 1671462 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 03/15/29 (a) | 6000000 | &nbsp;&nbsp;&nbsp; 6089640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 03/15/54 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 940370 |
| Northern States Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.600%, 06/01/51 | 1700000 | &nbsp;&nbsp;&nbsp; 1023196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 06/01/36 (a) | 1200000 | &nbsp;&nbsp;&nbsp; 1306152 |
| NSTAR Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 03/01/35 | 1500000 | &nbsp;&nbsp;&nbsp; 1511325 |
| Oncor Electric Delivery Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 09/15/49 | 900000 | &nbsp;&nbsp;&nbsp; 586377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 04/01/35 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1021720 |
| Pacific Gas & Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/31 (a) | 3000000 | &nbsp;&nbsp;&nbsp; 2690850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 10/01/54 (a) | 2500000 | &nbsp;&nbsp;&nbsp; 2339175 |
| PG&E Wildfire Recovery Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.722%, 06/01/39 | 160000 | &nbsp;&nbsp;&nbsp; 155173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.212%, 12/01/49 | 500000 | &nbsp;&nbsp;&nbsp; 472550 |
| Public Service Electric & Gas Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.900%, 08/15/31 (a) | 1600000 | &nbsp;&nbsp;&nbsp; 1402304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 08/15/35 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 992860 |
| Sempra |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 02/01/28 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 1079595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.400%, 5Y H15 + 2.632%, 10/01/54 (a) (b) | 1600000 | &nbsp;&nbsp;&nbsp; 1591008 |
| Southern California Edison Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, 03/01/28 | 900000 | &nbsp;&nbsp;&nbsp; 884934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/47 | 1000000 | &nbsp;&nbsp;&nbsp; 743950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 03/01/35 | 1000000 | &nbsp;&nbsp;&nbsp; 1005140 |
| Southern Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 06/15/28 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2019340 |
| Southwestern Electric Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 09/15/28 (a) | 1800000 | &nbsp;&nbsp;&nbsp; 1789236 |
| Union Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/15/29 | 1800000 | &nbsp;&nbsp;&nbsp; 1761228 |

---

**BHFTII-172**

------

**Brighthouse Funds Trust II**

**MetLife Aggregate Bond Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Electric—(Continued)** | **Electric—(Continued)** | **Electric—(Continued)** |
| Virginia Electric & Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 08/15/54 | 5600000 | &nbsp;&nbsp;&nbsp; $5296200 |
|  |  | &nbsp;&nbsp;&nbsp; 70122315 |
| **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** |
| Emerson Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.200%, 12/21/31 (a) | 500000 | &nbsp;&nbsp;&nbsp; 443820 |
| **Electronics — 0.1%** | **Electronics — 0.1%** | **Electronics — 0.1%** |
| Amphenol Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 02/15/36 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 966830 |
| Honeywell International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/35 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2020460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/01/54 (a) | 1600000 | &nbsp;&nbsp;&nbsp; 1498576 |
|  |  | &nbsp;&nbsp;&nbsp; 4485866 |
| **Environmental Control — 0.1%** | **Environmental Control — 0.1%** | **Environmental Control — 0.1%** |
| Republic Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 11/15/34 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1019010 |
| Waste Connections, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.200%, 01/15/32 (a) | 500000 | &nbsp;&nbsp;&nbsp; 439180 |
| Waste Management, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.150%, 11/15/27 (a) | 1800000 | &nbsp;&nbsp;&nbsp; 1773342 |
|  |  | &nbsp;&nbsp;&nbsp; 3231532 |
| **Food — 0.3%** | **Food — 0.3%** | **Food — 0.3%** |
| Conagra Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 11/01/28 (a) | 1300000 | &nbsp;&nbsp;&nbsp; 1301339 |
| General Mills, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 04/17/28 (a) | 1500000 | &nbsp;&nbsp;&nbsp; 1491495 |
| &nbsp;&nbsp;&nbsp;&nbsp; JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. <br> Holdings<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/01/52 (a) | 2400000 | &nbsp;&nbsp;&nbsp; 2425128 |
| Kraft Heinz Foods Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/15/35 (a) | 1600000 | &nbsp;&nbsp;&nbsp; 1554064 |
| Kroger Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.200%, 05/01/30 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 913370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/15/54 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 1021977 |
| Sysco Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.600%, 04/01/50 (a) | 900000 | &nbsp;&nbsp;&nbsp; 929223 |
| Tyson Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.550%, 06/02/27 (a) | 800000 | &nbsp;&nbsp;&nbsp; 792488 |
|  |  | &nbsp;&nbsp;&nbsp; 10429084 |
| **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** |
| International Paper Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 08/15/47 (a) | 800000 | &nbsp;&nbsp;&nbsp; 629960 |
| **Gas — 0.1%** | **Gas — 0.1%** | **Gas — 0.1%** |
| Atmos Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 01/15/31 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 961224 |
| NiSource, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 02/15/44 (a) | 1500000 | &nbsp;&nbsp;&nbsp; 1308915 |
| Southern Co. Gas Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 09/15/34 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 987150 |
|  |  | &nbsp;&nbsp;&nbsp; 3257289 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Hand/Machine Tools — 0.1%** | **Hand/Machine Tools — 0.1%** | **Hand/Machine Tools — 0.1%** |
| Stanley Black & Decker, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/15/32 | 1800000 | &nbsp;&nbsp;&nbsp; $1621368 |
| **Healthcare-Products — 0.3%** | **Healthcare-Products — 0.3%** | **Healthcare-Products — 0.3%** |
| Abbott Laboratories |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 11/30/36 (a) | 1300000 | &nbsp;&nbsp;&nbsp; 1276990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/15/56 | 2000000 | &nbsp;&nbsp;&nbsp; 1961280 |
| DH Europe Finance II SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 11/15/39 | 900000 | &nbsp;&nbsp;&nbsp; 722457 |
| GE HealthCare Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.905%, 11/22/32 (a) | 1400000 | &nbsp;&nbsp;&nbsp; 1477084 |
| Medtronic, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/15/45 (a) | 933000 | &nbsp;&nbsp;&nbsp; 832954 |
| Solventum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 04/30/54 (a) | 500000 | &nbsp;&nbsp;&nbsp; 489025 |
| Stryker Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 02/10/35 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1012510 |
| Thermo Fisher Scientific, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.086%, 08/10/33 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2038480 |
|  |  | &nbsp;&nbsp;&nbsp; 9810780 |
| **Healthcare-Services — 0.9%** | **Healthcare-Services — 0.9%** | **Healthcare-Services — 0.9%** |
| Centene Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/31 | 300000 | &nbsp;&nbsp;&nbsp; 251511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 02/15/30 | 2000000 | &nbsp;&nbsp;&nbsp; 1807720 |
| Cigna Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 03/15/31 (a) | 1500000 | &nbsp;&nbsp;&nbsp; 1348290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 02/15/34 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2024780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 11/15/41 (a) | 313000 | &nbsp;&nbsp;&nbsp; 323924 |
| CommonSpirit Health |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.910%, 10/01/50 (a) | 500000 | &nbsp;&nbsp;&nbsp; 368155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.205%, 12/01/31 | 2000000 | &nbsp;&nbsp;&nbsp; 2037960 |
| Elevance Health, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 02/15/55 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 945420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 01/15/36 | 1800000 | &nbsp;&nbsp;&nbsp; 1861650 |
| HCA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 09/15/34 (a) | 5000000 | &nbsp;&nbsp;&nbsp; 5046450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 06/01/53 | 1000000 | &nbsp;&nbsp;&nbsp; 952950 |
| Humana, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 04/01/30 (a) | 800000 | &nbsp;&nbsp;&nbsp; 797408 |
| Kaiser Foundation Hospitals |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.002%, 06/01/51 | 1000000 | &nbsp;&nbsp;&nbsp; 640740 |
| Quest Diagnostics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/34 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 992780 |
| UnitedHealth Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/15/39 | 900000 | &nbsp;&nbsp;&nbsp; 729270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 06/15/48 | 1000000 | &nbsp;&nbsp;&nbsp; 794860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 05/15/62 | 1300000 | &nbsp;&nbsp;&nbsp; 1089517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/15/34 (a) | 5000000 | &nbsp;&nbsp;&nbsp; 5000850 |
|  |  | &nbsp;&nbsp;&nbsp; 27014235 |
| **Home Builders — 0.0%** | **Home Builders — 0.0%** | **Home Builders — 0.0%** |
| Lennar Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 11/29/27 (a) | 1300000 | &nbsp;&nbsp;&nbsp; 1302483 |

---

**BHFTII-173**

------

**Brighthouse Funds Trust II**

**MetLife Aggregate Bond Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Household Products/Wares — 0.0%** | **Household Products/Wares — 0.0%** | **Household Products/Wares — 0.0%** |
| Kimberly-Clark Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 03/26/30 | 1100000 | &nbsp;&nbsp;&nbsp; $1048806 |
| **Insurance — 0.7%** | **Insurance — 0.7%** | **Insurance — 0.7%** |
| Allstate Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.450%, 12/15/30 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 955097 |
| American International Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 06/30/30 (a) | 800000 | &nbsp;&nbsp;&nbsp; 763128 |
| Aon Corp./Aon Global Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 02/28/33 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1024990 |
| Aon North America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 03/01/54 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 963070 |
| Arthur J Gallagher & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 07/15/34 | 1000000 | &nbsp;&nbsp;&nbsp; 1015700 |
| Athene Holding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 04/01/54 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 1010295 |
| AXA SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.600%, 12/15/30 (a) | 365000 | &nbsp;&nbsp;&nbsp; 420914 |
| Berkshire Hathaway Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 08/15/48 (a) | 1700000 | &nbsp;&nbsp;&nbsp; 1385041 |
| Brown & Brown, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 06/23/35 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 998830 |
| Chubb INA Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/11/37 (a) | 865000 | &nbsp;&nbsp;&nbsp; 922462 |
| Corebridge Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 5Y H15 + 2.646%, 09/15/54 (b) | 1000000 | &nbsp;&nbsp;&nbsp; 980860 |
| Equitable Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/20/48 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 950202 |
| Fairfax Financial Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 04/29/30 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1990680 |
| Hartford Insurance Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 10/01/41 (a) | 780000 | &nbsp;&nbsp;&nbsp; 819741 |
| Lincoln National Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 03/01/48 | 600000 | &nbsp;&nbsp;&nbsp; 450192 |
| Marsh & McLennan Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/15/35 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 996110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 03/15/54 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 941080 |
| Principal Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 11/15/26 | 1000000 | &nbsp;&nbsp;&nbsp; 992820 |
| Progressive Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 06/15/33 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1014020 |
| Prudential Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.100%, 03/10/30 | 1000000 | &nbsp;&nbsp;&nbsp; 920700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 12/14/36 (a) | 1525000 | &nbsp;&nbsp;&nbsp; 1582127 |
| Travelers Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.050%, 06/08/51 | 800000 | &nbsp;&nbsp;&nbsp; 515000 |
|  |  | &nbsp;&nbsp;&nbsp; 21613059 |
| **Internet — 0.8%** | **Internet — 0.8%** | **Internet — 0.8%** |
| Alibaba Group Holding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 12/06/47 (a) | 1400000 | &nbsp;&nbsp;&nbsp; 1150982 |
| Alphabet, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.050%, 08/15/50 | 1100000 | &nbsp;&nbsp;&nbsp; 589798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 11/15/35 | 2000000 | &nbsp;&nbsp;&nbsp; 1976620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 05/15/55 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 943700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 02/15/56 | 2000000 | &nbsp;&nbsp;&nbsp; 1992040 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Internet—(Continued)** | **Internet—(Continued)** | **Internet—(Continued)** |
| Amazon.com, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 05/12/51 | 2200000 | &nbsp;&nbsp;&nbsp; $1435236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.450%, 04/13/29 (a) | 3100000 | &nbsp;&nbsp;&nbsp; 3038651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 08/22/37 (a) | 1900000 | &nbsp;&nbsp;&nbsp; 1710228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.050%, 03/13/76 | 3000000 | &nbsp;&nbsp;&nbsp; 2986860 |
| eBay, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 06/05/27 | 500000 | &nbsp;&nbsp;&nbsp; 495565 |
| Meta Platforms, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 08/15/34 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1976580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 05/15/33 (a) | 1500000 | &nbsp;&nbsp;&nbsp; 1511685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 11/15/65 (a) | 2500000 | &nbsp;&nbsp;&nbsp; 2318600 |
| Netflix, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 08/15/34 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2015380 |
| Uber Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 09/15/34 (a) | 800000 | &nbsp;&nbsp;&nbsp; 782424 |
|  |  | &nbsp;&nbsp;&nbsp; 24924349 |
| **Investment Companies — 0.2%** | **Investment Companies — 0.2%** | **Investment Companies — 0.2%** |
| ARES Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/01/29 (a) | 2500000 | &nbsp;&nbsp;&nbsp; 2518250 |
| Blackstone Private Credit Fund |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 01/25/31 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 988150 |
| Blue Owl Credit Income Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.650%, 03/15/31 (a) | 1500000 | &nbsp;&nbsp;&nbsp; 1480620 |
|  |  | &nbsp;&nbsp;&nbsp; 4987020 |
| **Iron/Steel — 0.1%** | **Iron/Steel — 0.1%** | **Iron/Steel — 0.1%** |
| Vale Overseas Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 07/08/30 (a) | 2200000 | &nbsp;&nbsp;&nbsp; 2092596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 11/21/36 (a) | 528000 | &nbsp;&nbsp;&nbsp; 583482 |
|  |  | &nbsp;&nbsp;&nbsp; 2676078 |
| **Lodging — 0.1%** | **Lodging — 0.1%** | **Lodging — 0.1%** |
| Hyatt Hotels Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 12/15/31 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1013890 |
| Marriott International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.850%, 04/15/31 | 1100000 | &nbsp;&nbsp;&nbsp; 1007413 |
| Sands China Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 08/08/28 | 1000000 | &nbsp;&nbsp;&nbsp; 1005610 |
|  |  | &nbsp;&nbsp;&nbsp; 3026913 |
| **Machinery-Construction & Mining — 0.1%** | **Machinery-Construction & Mining — 0.1%** | **Machinery-Construction & Mining — 0.1%** |
| Caterpillar, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.803%, 08/15/42 (a) | 2100000 | &nbsp;&nbsp;&nbsp; 1732416 |
| Eaton Capital ULC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 05/09/30 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1000040 |
|  |  | &nbsp;&nbsp;&nbsp; 2732456 |
| **Machinery-Diversified — 0.1%** | **Machinery-Diversified — 0.1%** | **Machinery-Diversified — 0.1%** |
| John Deere Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 06/17/31 | 1000000 | &nbsp;&nbsp;&nbsp; 886990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 06/11/29 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2036180 |
| Regal Rexnord Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.400%, 04/15/33 (a) | 900000 | &nbsp;&nbsp;&nbsp; 950562 |
|  |  | &nbsp;&nbsp;&nbsp; 3873732 |

---

**BHFTII-174**

------

**Brighthouse Funds Trust II**

**MetLife Aggregate Bond Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Media — 0.4%** | **Media — 0.4%** | **Media — 0.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications <br> Operating Capital<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 04/01/61 | 2300000 | &nbsp;&nbsp;&nbsp; $1344051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 06/01/29 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2071380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.484%, 10/23/45 | 900000 | &nbsp;&nbsp;&nbsp; 828999 |
| Comcast Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.969%, 11/01/47 | 900000 | &nbsp;&nbsp;&nbsp; 662661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 07/15/42 | 1670000 | &nbsp;&nbsp;&nbsp; 1438588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 06/15/35 (a) | 1500000 | &nbsp;&nbsp;&nbsp; 1550820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 06/01/54 (a) | 3000000 | &nbsp;&nbsp;&nbsp; 2767470 |
| Time Warner Cable LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.550%, 05/01/37 | 100000 | &nbsp;&nbsp;&nbsp; 100810 |
| TWDC Enterprises 18 Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 06/15/27 | 1000000 | &nbsp;&nbsp;&nbsp; 987450 |
| Walt Disney Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 01/13/51 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 723580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.550%, 03/15/33 (a) | 950000 | &nbsp;&nbsp;&nbsp; 1056790 |
|  |  | &nbsp;&nbsp;&nbsp; 13532599 |
| **Mining — 0.2%** | **Mining — 0.2%** | **Mining — 0.2%** |
| BHP Billiton Finance USA Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 09/08/33 (a) | 1200000 | &nbsp;&nbsp;&nbsp; 1225908 |
| Freeport-McMoRan, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 03/15/43 (a) | 2100000 | &nbsp;&nbsp;&nbsp; 1987671 |
| Newmont Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/01/39 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1068970 |
| Rio Tinto Alcan, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 12/15/33 (a) | 751000 | &nbsp;&nbsp;&nbsp; 806183 |
|  |  | &nbsp;&nbsp;&nbsp; 5088732 |
| **Miscellaneous Manufacturing — 0.1%** | **Miscellaneous Manufacturing — 0.1%** | **Miscellaneous Manufacturing — 0.1%** |
| 3M Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 10/15/27 | 1700000 | &nbsp;&nbsp;&nbsp; 1666646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/14/48 | 900000 | &nbsp;&nbsp;&nbsp; 692964 |
| Parker-Hannifin Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 06/14/29 | 900000 | &nbsp;&nbsp;&nbsp; 872370 |
|  |  | &nbsp;&nbsp;&nbsp; 3231980 |
| **Multi-National — 1.3%** | **Multi-National — 1.3%** | **Multi-National — 1.3%** |
| African Development Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/18/29 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1973980 |
| Asian Development Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 03/04/31 | 2000000 | &nbsp;&nbsp;&nbsp; 1780660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 09/19/29 | 900000 | &nbsp;&nbsp;&nbsp; 838530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 01/12/27 | 1000000 | &nbsp;&nbsp;&nbsp; 1002320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 01/12/34 | 3100000 | &nbsp;&nbsp;&nbsp; 3078362 |
| Asian Infrastructure Investment Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/16/30 (a) | 500000 | &nbsp;&nbsp;&nbsp; 510430 |
| Corp. Andina de Fomento |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/22/30 | 1000000 | &nbsp;&nbsp;&nbsp; 1026630 |
| Council of Europe Development Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 05/08/28 | 1000000 | &nbsp;&nbsp;&nbsp; 995490 |
| European Bank for Reconstruction & Development |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 01/25/29 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1006910 |
| European Investment Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 07/15/30 | 1000000 | &nbsp;&nbsp;&nbsp; 988260 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Multi-National—(Continued)** | **Multi-National—(Continued)** | **Multi-National—(Continued)** |
| European Investment Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/15/29 | 5100000 | &nbsp;&nbsp;&nbsp; $5122032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 10/10/31 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1017320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/14/30 | 1000000 | &nbsp;&nbsp;&nbsp; 1022070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 02/15/36 | 1100000 | &nbsp;&nbsp;&nbsp; 1145298 |
| Inter-American Development Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 06/18/29 | 1400000 | &nbsp;&nbsp;&nbsp; 1331792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 07/07/27 | 500000 | &nbsp;&nbsp;&nbsp; 490970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 06/14/30 | 1000000 | &nbsp;&nbsp;&nbsp; 993430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 02/15/29 | 2500000 | &nbsp;&nbsp;&nbsp; 2518275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/15/30 | 400000 | &nbsp;&nbsp;&nbsp; 408580 |
| Inter-American Investment Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/14/29 | 500000 | &nbsp;&nbsp;&nbsp; 504305 |
| International Bank for Reconstruction & Development |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 11/03/31 | 2800000 | &nbsp;&nbsp;&nbsp; 2465036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 03/20/30 | 2500000 | &nbsp;&nbsp;&nbsp; 2519700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 08/01/28 | 5900000 | &nbsp;&nbsp;&nbsp; 6004371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 01/15/32 | 1000000 | &nbsp;&nbsp;&nbsp; 1029510 |
| International Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/21/28 | 2000000 | &nbsp;&nbsp;&nbsp; 2023020 |
| Nordic Investment Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 05/09/30 | 500000 | &nbsp;&nbsp;&nbsp; 495910 |
|  |  | &nbsp;&nbsp;&nbsp; 42293191 |
| **Office/Business Equipment — 0.0%** | **Office/Business Equipment — 0.0%** | **Office/Business Equipment — 0.0%** |
| CDW LLC/CDW Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 04/01/28 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 1086437 |
| **Oil & Gas — 0.8%** | **Oil & Gas — 0.8%** | **Oil & Gas — 0.8%** |
| BP Capital Markets America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.721%, 01/12/32 | 1000000 | &nbsp;&nbsp;&nbsp; 904330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/24/50 | 1000000 | &nbsp;&nbsp;&nbsp; 644340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.699%, 04/10/29 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2022960 |
| Canadian Natural Resources Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/15/38 | 800000 | &nbsp;&nbsp;&nbsp; 841600 |
| Chevron USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/15/32 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2005940 |
| ConocoPhillips Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 05/15/53 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 925090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/15/55 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 1050775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.950%, 04/15/29 (a) | 700000 | &nbsp;&nbsp;&nbsp; 751527 |
| Devon Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 09/15/54 (a) | 1400000 | &nbsp;&nbsp;&nbsp; 1316406 |
| Diamondback Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 04/18/54 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 946950 |
| Equinor ASA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 04/06/40 | 600000 | &nbsp;&nbsp;&nbsp; 501126 |
| Exxon Mobil Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.114%, 03/01/46 (a) | 1600000 | &nbsp;&nbsp;&nbsp; 1318688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.227%, 03/19/40 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1811340 |
| Occidental Petroleum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.450%, 09/15/36 | 1000000 | &nbsp;&nbsp;&nbsp; 1067550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 07/15/30 | 2600000 | &nbsp;&nbsp;&nbsp; 2960828 |
| Phillips 66 Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 11/15/44 | 1000000 | &nbsp;&nbsp;&nbsp; 869030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 03/15/35 (a) | 2600000 | &nbsp;&nbsp;&nbsp; 2562690 |

---

**BHFTII-175**

------

**Brighthouse Funds Trust II**

**MetLife Aggregate Bond Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Oil & Gas—(Continued)** | **Oil & Gas—(Continued)** | **Oil & Gas—(Continued)** |
| Shell Finance U.S., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 11/07/29 (a) | 2000000 | &nbsp;&nbsp;&nbsp; $1876520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 04/06/50 (a) | 900000 | &nbsp;&nbsp;&nbsp; 611991 |
| TotalEnergies Capital International SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.127%, 05/29/50 | 900000 | &nbsp;&nbsp;&nbsp; 594117 |
| Valero Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 09/15/26 (a) | 200000 | &nbsp;&nbsp;&nbsp; 199076 |
|  |  | &nbsp;&nbsp;&nbsp; 25782874 |
| **Oil & Gas Services — 0.1%** | **Oil & Gas Services — 0.1%** | **Oil & Gas Services — 0.1%** |
| Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.486%, 05/01/30 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1001330 |
| Halliburton Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/15/45 (a) | 1200000 | &nbsp;&nbsp;&nbsp; 1063896 |
|  |  | &nbsp;&nbsp;&nbsp; 2065226 |
| **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** |
| Sonoco Products Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 09/01/29 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 1097272 |
| WRKCo, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/15/33 (a) | 600000 | &nbsp;&nbsp;&nbsp; 526842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 06/01/32 (a) | 2100000 | &nbsp;&nbsp;&nbsp; 2016651 |
|  |  | &nbsp;&nbsp;&nbsp; 3640765 |
| **Pharmaceuticals — 1.3%** | **Pharmaceuticals — 1.3%** | **Pharmaceuticals — 1.3%** |
| AbbVie, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, 11/21/39 | 3900000 | &nbsp;&nbsp;&nbsp; 3422679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 03/15/54 (a) | 1500000 | &nbsp;&nbsp;&nbsp; 1431855 |
| AstraZeneca PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/18/42 (a) | 1200000 | &nbsp;&nbsp;&nbsp; 1007112 |
| Becton Dickinson & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.669%, 06/06/47 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1740960 |
| Bristol-Myers Squibb Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 07/26/29 | 1000000 | &nbsp;&nbsp;&nbsp; 973290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 02/22/34 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1024470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 02/22/54 (a) | 1500000 | &nbsp;&nbsp;&nbsp; 1444095 |
| Cardinal Health, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.410%, 06/15/27 (a) | 800000 | &nbsp;&nbsp;&nbsp; 790680 |
| Cencora, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 02/15/35 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2013420 |
| CVS Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 03/25/28 (a) | 544000 | &nbsp;&nbsp;&nbsp; 542172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.780%, 03/25/38 | 1500000 | &nbsp;&nbsp;&nbsp; 1381725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 03/25/48 (a) | 1500000 | &nbsp;&nbsp;&nbsp; 1286640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 07/20/45 | 900000 | &nbsp;&nbsp;&nbsp; 791748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/44 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1963540 |
| Eli Lilly & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 08/14/34 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 989950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/12/55 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 978540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 10/15/55 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1970620 |
| GlaxoSmithKline Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 05/15/28 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 994670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 04/15/35 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 995700 |
| Johnson & Johnson |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 03/01/46 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 794340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 08/15/37 (a) | 910000 | &nbsp;&nbsp;&nbsp; 997870 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Pharmaceuticals—(Continued)** | **Pharmaceuticals—(Continued)** | **Pharmaceuticals—(Continued)** |
| Merck & Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 03/07/29 | 4000000 | &nbsp;&nbsp;&nbsp; $3918040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.550%, 09/15/37 | 1000000 | &nbsp;&nbsp;&nbsp; 1123430 |
| Merck Sharp & Dohme Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 12/01/28 | 300000 | &nbsp;&nbsp;&nbsp; 314373 |
| Novartis Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.200%, 08/14/30 | 1900000 | &nbsp;&nbsp;&nbsp; 1740267 |
| Pfizer Investment Enterprises Pte. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.110%, 05/19/43 | 1500000 | &nbsp;&nbsp;&nbsp; 1415595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.340%, 05/19/63 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1815040 |
| Pfizer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 09/15/28 (a) | 2100000 | &nbsp;&nbsp;&nbsp; 2079861 |
| Takeda U.S. Financing, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 07/07/35 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1998860 |
|  |  | &nbsp;&nbsp;&nbsp; 41941542 |
| **Pipelines — 0.9%** | **Pipelines — 0.9%** | **Pipelines — 0.9%** |
| Cheniere Energy Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 08/15/34 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1030990 |
| El Paso Natural Gas Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 06/15/32 | 220000 | &nbsp;&nbsp;&nbsp; 257631 |
| Enbridge, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 04/05/54 (a) | 1500000 | &nbsp;&nbsp;&nbsp; 1490430 |
| Energy Transfer LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 03/15/45 (a) | 2600000 | &nbsp;&nbsp;&nbsp; 2267538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.050%, 09/01/54 (a) | 3500000 | &nbsp;&nbsp;&nbsp; 3333400 |
| Enterprise Products Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 02/15/52 | 1100000 | &nbsp;&nbsp;&nbsp; 719235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 02/15/27 (a) | 1300000 | &nbsp;&nbsp;&nbsp; 1296997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 01/15/36 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1005350 |
| Kinder Morgan Energy Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/01/37 | 2000000 | &nbsp;&nbsp;&nbsp; 2165140 |
| MPLX LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/15/28 | 3600000 | &nbsp;&nbsp;&nbsp; 3571668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 03/01/47 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 883700 |
| ONEOK, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 03/15/30 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 1037377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 11/01/54 (a) | 3600000 | &nbsp;&nbsp;&nbsp; 3283920 |
| Targa Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 03/01/29 (a) | 2400000 | &nbsp;&nbsp;&nbsp; 2501808 |
| TransCanada PipeLines Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 10/15/37 | 1800000 | &nbsp;&nbsp;&nbsp; 1907424 |
| Western Midstream Operating LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, 02/01/30 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 1068870 |
| Williams Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 06/15/27 | 1500000 | &nbsp;&nbsp;&nbsp; 1488705 |
|  |  | &nbsp;&nbsp;&nbsp; 29310183 |
| **Real Estate Investment Trusts — 0.8%** | **Real Estate Investment Trusts — 0.8%** | **Real Estate Investment Trusts — 0.8%** |
| American Tower Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 08/15/29 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 975210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 11/15/33 | 900000 | &nbsp;&nbsp;&nbsp; 942111 |
| AvalonBay Communities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.300%, 03/01/30 (a) | 200000 | &nbsp;&nbsp;&nbsp; 184538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 06/01/34 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2049340 |

---

**BHFTII-176**

------

**Brighthouse Funds Trust II**

**MetLife Aggregate Bond Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Real Estate Investment Trusts—(Continued)** | **Real Estate Investment Trusts—(Continued)** | **Real Estate Investment Trusts—(Continued)** |
| Boston Properties LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 01/15/35 (a) | 2000000 | &nbsp;&nbsp;&nbsp; $1989200 |
| Brixmor Operating Partnership LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, 07/01/30 (a) | 900000 | &nbsp;&nbsp;&nbsp; 875430 |
| Crown Castle, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 02/15/28 (a) | 1500000 | &nbsp;&nbsp;&nbsp; 1479270 |
| Digital Realty Trust LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 08/15/27 | 500000 | &nbsp;&nbsp;&nbsp; 494775 |
| Equinix, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 11/18/29 | 700000 | &nbsp;&nbsp;&nbsp; 666715 |
| ERP Operating LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/01/29 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 957110 |
| Essex Portfolio LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/15/30 | 1000000 | &nbsp;&nbsp;&nbsp; 941840 |
| Extra Space Storage LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 02/01/34 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2013900 |
| GLP Capital LP/GLP Financing II, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 09/15/34 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 982570 |
| Healthpeak OP LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/15/29 | 900000 | &nbsp;&nbsp;&nbsp; 869994 |
| Kimco Realty OP LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 03/01/35 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 980820 |
| NNN REIT, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/15/30 | 1000000 | &nbsp;&nbsp;&nbsp; 920310 |
| Prologis LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 12/15/27 (a) | 500000 | &nbsp;&nbsp;&nbsp; 493175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/15/31 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1009910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/15/34 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1001150 |
| Public Storage Operating Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.094%, 09/15/27 (a) | 500000 | &nbsp;&nbsp;&nbsp; 492935 |
| Realty Income Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 02/15/34 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1006900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 04/15/35 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1000390 |
| Ventas Realty LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 07/01/34 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2049840 |
| Welltower OP LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 06/15/32 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 1048487 |
|  |  | &nbsp;&nbsp;&nbsp; 25425920 |
| **Retail — 0.6%** | **Retail — 0.6%** | **Retail — 0.6%** |
| Costco Wholesale Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 06/20/27 (a) | 2100000 | &nbsp;&nbsp;&nbsp; 2036643 |
| Home Depot, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 04/01/46 | 2000000 | &nbsp;&nbsp;&nbsp; 1651780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 06/25/29 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 2031360 |
| Lowe's Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, 05/03/47 | 2000000 | &nbsp;&nbsp;&nbsp; 1534740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 04/01/52 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 842457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 04/15/53 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 944320 |
| McDonald's Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 12/09/45 (a) | 1500000 | &nbsp;&nbsp;&nbsp; 1335585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 05/17/34 | 1900000 | &nbsp;&nbsp;&nbsp; 1942180 |
| Starbucks Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.550%, 08/15/29 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 974190 |
| Target Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.650%, 09/15/30 (a) | 1400000 | &nbsp;&nbsp;&nbsp; 1302322 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Retail—(Continued)** | **Retail—(Continued)** | **Retail—(Continued)** |
| Walmart, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.800%, 09/22/31 (a) | 3600000 | &nbsp;&nbsp;&nbsp; $3192084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, 06/29/48 (a) | 900000 | &nbsp;&nbsp;&nbsp; 735408 |
|  |  | &nbsp;&nbsp;&nbsp; 18523069 |
| **Semiconductors — 0.7%** | **Semiconductors — 0.7%** | **Semiconductors — 0.7%** |
| Broadcom, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.137%, 11/15/35 (144A) | 1600000 | &nbsp;&nbsp;&nbsp; 1359440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 11/15/32 | 1700000 | &nbsp;&nbsp;&nbsp; 1655290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 10/15/34 (a) | 5000000 | &nbsp;&nbsp;&nbsp; 4923850 |
| Intel Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 03/25/50 | 1800000 | &nbsp;&nbsp;&nbsp; 1454112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 08/05/52 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 816500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 02/21/34 (a) | 4000000 | &nbsp;&nbsp;&nbsp; 3988640 |
| KLA Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 07/15/52 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 983796 |
| Micron Technology, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 01/15/35 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1064730 |
| NVIDIA Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.850%, 04/01/30 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 1043867 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 05/01/30 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 1048454 |
| QUALCOMM, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.650%, 05/20/32 (a) | 2333000 | &nbsp;&nbsp;&nbsp; 1975538 |
| Texas Instruments, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 09/04/29 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 937200 |
| TSMC Arizona Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 04/22/32 | 1500000 | &nbsp;&nbsp;&nbsp; 1487640 |
|  |  | &nbsp;&nbsp;&nbsp; 22739057 |
| **Software — 0.6%** | **Software — 0.6%** | **Software — 0.6%** |
| Fiserv, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/21/33 (a) | 1500000 | &nbsp;&nbsp;&nbsp; 1514190 |
| Intuit, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 09/15/33 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1016930 |
| Microsoft Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 02/06/27 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1989660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/06/47 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1704060 |
| Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 03/25/31 | 3000000 | &nbsp;&nbsp;&nbsp; 2665950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 04/01/30 | 1200000 | &nbsp;&nbsp;&nbsp; 1094736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 04/01/40 (a) | 7600000 | &nbsp;&nbsp;&nbsp; 5516004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 04/01/60 | 2100000 | &nbsp;&nbsp;&nbsp; 1234380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.850%, 02/04/66 | 1000000 | &nbsp;&nbsp;&nbsp; 918090 |
| Salesforce, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 07/15/51 | 1000000 | &nbsp;&nbsp;&nbsp; 585580 |
| Synopsys, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 04/01/35 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1001810 |
|  |  | &nbsp;&nbsp;&nbsp; 19241390 |
| **Telecommunications — 1.1%** | **Telecommunications — 1.1%** | **Telecommunications — 1.1%** |
| America Movil SAB de CV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/07/30 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 930590 |
| AT&T, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/41 (a) | 5700000 | &nbsp;&nbsp;&nbsp; 4418925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/15/53 | 1221000 | &nbsp;&nbsp;&nbsp; 799779 |

---

**BHFTII-177**

------

**Brighthouse Funds Trust II**

**MetLife Aggregate Bond Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Telecommunications—(Continued)** | **Telecommunications—(Continued)** | **Telecommunications—(Continued)** |
| AT&T, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, 09/15/59 | 2686000 | &nbsp;&nbsp;&nbsp; $1735854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 02/15/28 (a) | 1687000 | &nbsp;&nbsp;&nbsp; 1678852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 12/15/31 | 100000 | &nbsp;&nbsp;&nbsp; 109985 |
| Bell Telephone Co. of Canada or Bell Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 02/15/34 | 1000000 | &nbsp;&nbsp;&nbsp; 1002830 |
| Cisco Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 02/26/29 (a) | 3000000 | &nbsp;&nbsp;&nbsp; 3055200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/15/40 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1016650 |
| Deutsche Telekom International Finance BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 06/15/30 | 300000 | &nbsp;&nbsp;&nbsp; 344643 |
| Orange SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/06/44 (a) | 500000 | &nbsp;&nbsp;&nbsp; 486010 |
| Rogers Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 11/15/26 | 1100000 | &nbsp;&nbsp;&nbsp; 1089616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 03/15/32 (a) | 1200000 | &nbsp;&nbsp;&nbsp; 1120320 |
| Telefonica Emisiones SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.103%, 03/08/27 (a) | 900000 | &nbsp;&nbsp;&nbsp; 896193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.213%, 03/08/47 (a) | 1200000 | &nbsp;&nbsp;&nbsp; 1045092 |
| T-Mobile USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.550%, 02/15/31 (a) | 2200000 | &nbsp;&nbsp;&nbsp; 1999140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 02/15/51 | 1500000 | &nbsp;&nbsp;&nbsp; 981165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 04/15/30 | 3800000 | &nbsp;&nbsp;&nbsp; 3699414 |
| Verizon Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 03/22/41 (a) | 2800000 | &nbsp;&nbsp;&nbsp; 2153088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.550%, 03/22/51 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 697550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.812%, 03/15/39 (a) | 1927000 | &nbsp;&nbsp;&nbsp; 1794288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 04/02/35 (a) | 2500000 | &nbsp;&nbsp;&nbsp; 2502925 |
| Vodafone Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 02/27/37 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1070960 |
|  |  | &nbsp;&nbsp;&nbsp; 34629069 |
| **Transportation — 0.4%** | **Transportation — 0.4%** | **Transportation — 0.4%** |
| Burlington Northern Santa Fe LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 04/01/45 | 1900000 | &nbsp;&nbsp;&nbsp; 1562959 |
| Canadian National Railway Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 01/20/49 (a) | 400000 | &nbsp;&nbsp;&nbsp; 335408 |
| Canadian Pacific Railway Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.450%, 12/02/31 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 977196 |
| CSX Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 03/15/44 (a) | 1600000 | &nbsp;&nbsp;&nbsp; 1322016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 05/01/37 | 800000 | &nbsp;&nbsp;&nbsp; 864368 |
| FedEx Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 04/01/46 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 830790 |
| Norfolk Southern Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.550%, 11/01/29 | 1000000 | &nbsp;&nbsp;&nbsp; 941750 |
| Ryder System, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 03/15/29 (a) | 500000 | &nbsp;&nbsp;&nbsp; 511730 |
| Union Pacific Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.891%, 04/06/36 (a) | 1200000 | &nbsp;&nbsp;&nbsp; 1007232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 05/20/41 (a) | 2400000 | &nbsp;&nbsp;&nbsp; 1848936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 02/05/50 (a) | 1300000 | &nbsp;&nbsp;&nbsp; 881556 |
| United Parcel Service, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 04/01/30 (a) | 1600000 | &nbsp;&nbsp;&nbsp; 1611504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 05/14/55 (a) | 900000 | &nbsp;&nbsp;&nbsp; 909675 |
|  |  | &nbsp;&nbsp;&nbsp; 13605120 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Trucking & Leasing — 0.0%** | **Trucking & Leasing — 0.0%** | **Trucking & Leasing — 0.0%** |
| GATX Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 09/15/33 (a) | 1000000 | &nbsp;&nbsp;&nbsp; $1015100 |
| **Water — 0.1%** | **Water — 0.1%** | **Water — 0.1%** |
| American Water Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 09/01/28 (a) | 900000 | &nbsp;&nbsp;&nbsp; 891117 |
| Essential Utilities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 01/15/34 | 1000000 | &nbsp;&nbsp;&nbsp; 1014630 |
|  |  | &nbsp;&nbsp;&nbsp; 1905747 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $845,664,252) <br>|  | &nbsp;&nbsp;&nbsp; 803584756 |
| **Agency Sponsored Mortgage-Backed Securities—24.6% of Net Assets** | **Agency Sponsored Mortgage-Backed Securities—24.6% of Net Assets** | **Agency Sponsored Mortgage-Backed Securities—24.6% of Net Assets** |
| **Agency Mortgage-Backed Securities — 24.6%** | **Agency Mortgage-Backed Securities — 24.6%** | **Agency Mortgage-Backed Securities — 24.6%** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 03/01/36 | 1049639 | &nbsp;&nbsp;&nbsp; 949117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 01/01/37 | 10093497 | &nbsp;&nbsp;&nbsp; 9083692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 01/01/42 | 2217930 | &nbsp;&nbsp;&nbsp; 1877597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 03/01/51 | 721969 | &nbsp;&nbsp;&nbsp; 558381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/35 | 1558960 | &nbsp;&nbsp;&nbsp; 1443794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/01/35 | 1241374 | &nbsp;&nbsp;&nbsp; 1149287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/36 | 5983008 | &nbsp;&nbsp;&nbsp; 5530240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 06/01/36 | 534697 | &nbsp;&nbsp;&nbsp; 493739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/41 | 1540479 | &nbsp;&nbsp;&nbsp; 1352196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/41 | 1043358 | &nbsp;&nbsp;&nbsp; 909971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/50 | 3054358 | &nbsp;&nbsp;&nbsp; 2487969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/50 | 5158291 | &nbsp;&nbsp;&nbsp; 4198153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 01/01/51 | 7802813 | &nbsp;&nbsp;&nbsp; 6347712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/51 | 3307728 | &nbsp;&nbsp;&nbsp; 2689734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/51 | 46757638 | &nbsp;&nbsp;&nbsp; 37979726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/01/51 | 4547250 | &nbsp;&nbsp;&nbsp; 3692896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 07/01/51 | 4396749 | &nbsp;&nbsp;&nbsp; 3567599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/01/51 | 3611189 | &nbsp;&nbsp;&nbsp; 2928920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/51 | 3852771 | &nbsp;&nbsp;&nbsp; 3119476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/52 | 1975860 | &nbsp;&nbsp;&nbsp; 1599992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 06/01/52 | 1073747 | &nbsp;&nbsp;&nbsp; 869488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/01/27 | 46069 | &nbsp;&nbsp;&nbsp; 45451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/01/28 | 132786 | &nbsp;&nbsp;&nbsp; 130629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/01/29 | 265530 | &nbsp;&nbsp;&nbsp; 259497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/01/32 | 900090 | &nbsp;&nbsp;&nbsp; 868128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/01/35 | 780795 | &nbsp;&nbsp;&nbsp; 742650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/41 | 1123538 | &nbsp;&nbsp;&nbsp; 1020910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/50 | 1287242 | &nbsp;&nbsp;&nbsp; 1099023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/50 | 3347981 | &nbsp;&nbsp;&nbsp; 2854287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/50 | 2308608 | &nbsp;&nbsp;&nbsp; 1966747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/01/50 | 1887009 | &nbsp;&nbsp;&nbsp; 1604024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/01/50 | 2587279 | &nbsp;&nbsp;&nbsp; 2201743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/01/51 | 2227918 | &nbsp;&nbsp;&nbsp; 1893236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/51 | 2015734 | &nbsp;&nbsp;&nbsp; 1711051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/01/51 | 3293936 | &nbsp;&nbsp;&nbsp; 2795027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/01/52 | 14990641 | &nbsp;&nbsp;&nbsp; 12852124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/27 | 22139 | &nbsp;&nbsp;&nbsp; 22007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/27 | 42696 | &nbsp;&nbsp;&nbsp; 42359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/28 | 123081 | &nbsp;&nbsp;&nbsp; 121294 |

---

**BHFTII-178**

------

**Brighthouse Funds Trust II**

**MetLife Aggregate Bond Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/32 | 229652 | &nbsp;&nbsp;&nbsp; $222910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/01/33 | 457097 | &nbsp;&nbsp;&nbsp; 442449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/35 | 431169 | &nbsp;&nbsp;&nbsp; 413986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/42 | 604651 | &nbsp;&nbsp;&nbsp; 557670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/43 | 463600 | &nbsp;&nbsp;&nbsp; 427592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/43 | 463874 | &nbsp;&nbsp;&nbsp; 427845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/01/43 | 1044123 | &nbsp;&nbsp;&nbsp; 959370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/43 | 802333 | &nbsp;&nbsp;&nbsp; 737219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/45 | 763857 | &nbsp;&nbsp;&nbsp; 693932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/46 | 751781 | &nbsp;&nbsp;&nbsp; 679136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/46 | 854660 | &nbsp;&nbsp;&nbsp; 772073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/47 | 1509834 | &nbsp;&nbsp;&nbsp; 1363937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/48 | 323416 | &nbsp;&nbsp;&nbsp; 291224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/49 | 723487 | &nbsp;&nbsp;&nbsp; 644858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/01/49 | 943324 | &nbsp;&nbsp;&nbsp; 840803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/50 | 482454 | &nbsp;&nbsp;&nbsp; 430021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/01/50 | 859347 | &nbsp;&nbsp;&nbsp; 765404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/50 | 812104 | &nbsp;&nbsp;&nbsp; 723074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/01/50 | 714822 | &nbsp;&nbsp;&nbsp; 636013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/50 | 10407247 | &nbsp;&nbsp;&nbsp; 9305391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/50 | 9413759 | &nbsp;&nbsp;&nbsp; 8407519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/50 | 778841 | &nbsp;&nbsp;&nbsp; 692009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/52 | 3318198 | &nbsp;&nbsp;&nbsp; 2924799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/52 | 1237434 | &nbsp;&nbsp;&nbsp; 1090438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/53 | 2994198 | &nbsp;&nbsp;&nbsp; 2638863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/26 | 43 | &nbsp;&nbsp;&nbsp; 43 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/30 | 298221 | &nbsp;&nbsp;&nbsp; 294944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/32 | 250987 | &nbsp;&nbsp;&nbsp; 246469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/42 | 223837 | &nbsp;&nbsp;&nbsp; 212910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/42 | 211005 | &nbsp;&nbsp;&nbsp; 200334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/43 | 380453 | &nbsp;&nbsp;&nbsp; 361213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/43 | 555872 | &nbsp;&nbsp;&nbsp; 527002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/43 | 291084 | &nbsp;&nbsp;&nbsp; 275990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/44 | 259982 | &nbsp;&nbsp;&nbsp; 244839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/01/44 | 338389 | &nbsp;&nbsp;&nbsp; 318680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/44 | 403862 | &nbsp;&nbsp;&nbsp; 380340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/45 | 533855 | &nbsp;&nbsp;&nbsp; 499657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/45 | 519228 | &nbsp;&nbsp;&nbsp; 485968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/45 | 318008 | &nbsp;&nbsp;&nbsp; 297637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/46 | 910264 | &nbsp;&nbsp;&nbsp; 850941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/47 | 411432 | &nbsp;&nbsp;&nbsp; 383306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/47 | 269945 | &nbsp;&nbsp;&nbsp; 251492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/01/47 | 377657 | &nbsp;&nbsp;&nbsp; 351399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/47 | 364984 | &nbsp;&nbsp;&nbsp; 340034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/49 | 249410 | &nbsp;&nbsp;&nbsp; 230973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/01/49 | 344434 | &nbsp;&nbsp;&nbsp; 318972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/50 | 463016 | &nbsp;&nbsp;&nbsp; 428788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/50 | 1339495 | &nbsp;&nbsp;&nbsp; 1238037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/54 | 1005445 | &nbsp;&nbsp;&nbsp; 923132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/31 | 85541 | &nbsp;&nbsp;&nbsp; 85320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/31 | 102785 | &nbsp;&nbsp;&nbsp; 102324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/39 | 130992 | &nbsp;&nbsp;&nbsp; 128049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/39 | 243783 | &nbsp;&nbsp;&nbsp; 238320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/40 | 178280 | &nbsp;&nbsp;&nbsp; 174363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/41 | 215934 | &nbsp;&nbsp;&nbsp; 210470 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/41 | 194023 | &nbsp;&nbsp;&nbsp; $189114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/41 | 483644 | &nbsp;&nbsp;&nbsp; 471474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/41 | 141586 | &nbsp;&nbsp;&nbsp; 138004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/44 | 432054 | &nbsp;&nbsp;&nbsp; 416873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/44 | 337631 | &nbsp;&nbsp;&nbsp; 325768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/45 | 524950 | &nbsp;&nbsp;&nbsp; 505939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/46 | 479479 | &nbsp;&nbsp;&nbsp; 462114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/46 | 272441 | &nbsp;&nbsp;&nbsp; 262574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/47 | 437217 | &nbsp;&nbsp;&nbsp; 418700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/47 | 233557 | &nbsp;&nbsp;&nbsp; 223665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/47 | 222839 | &nbsp;&nbsp;&nbsp; 213401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/48 | 350495 | &nbsp;&nbsp;&nbsp; 335651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/48 | 158543 | &nbsp;&nbsp;&nbsp; 151500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/48 | 178245 | &nbsp;&nbsp;&nbsp; 170327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/48 | 214445 | &nbsp;&nbsp;&nbsp; 204919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/49 | 129041 | &nbsp;&nbsp;&nbsp; 123309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/49 | 121579 | &nbsp;&nbsp;&nbsp; 116035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/49 | 241317 | &nbsp;&nbsp;&nbsp; 229905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/54 | 935046 | &nbsp;&nbsp;&nbsp; 884245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/29 | 15058 | &nbsp;&nbsp;&nbsp; 15117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/35 | 63569 | &nbsp;&nbsp;&nbsp; 63892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/38 | 91870 | &nbsp;&nbsp;&nbsp; 92337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/39 | 50373 | &nbsp;&nbsp;&nbsp; 50337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/01/39 | 103127 | &nbsp;&nbsp;&nbsp; 103095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/39 | 91968 | &nbsp;&nbsp;&nbsp; 91938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/39 | 113242 | &nbsp;&nbsp;&nbsp; 113206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/39 | 257467 | &nbsp;&nbsp;&nbsp; 257384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/01/39 | 68889 | &nbsp;&nbsp;&nbsp; 68867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/01/40 | 74771 | &nbsp;&nbsp;&nbsp; 74746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/40 | 109630 | &nbsp;&nbsp;&nbsp; 109549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/01/40 | 152084 | &nbsp;&nbsp;&nbsp; 151970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/41 | 42804 | &nbsp;&nbsp;&nbsp; 42656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/41 | 109611 | &nbsp;&nbsp;&nbsp; 109231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/41 | 67096 | &nbsp;&nbsp;&nbsp; 66863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/01/43 | 138689 | &nbsp;&nbsp;&nbsp; 137607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/01/45 | 203118 | &nbsp;&nbsp;&nbsp; 201460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/47 | 311578 | &nbsp;&nbsp;&nbsp; 306047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/48 | 126740 | &nbsp;&nbsp;&nbsp; 124481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/48 | 222907 | &nbsp;&nbsp;&nbsp; 218934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/01/48 | 136805 | &nbsp;&nbsp;&nbsp; 134367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/01/49 | 116617 | &nbsp;&nbsp;&nbsp; 114398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/53 | 2528549 | &nbsp;&nbsp;&nbsp; 2450399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/01/53 | 873128 | &nbsp;&nbsp;&nbsp; 844923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/27 | 1813 | &nbsp;&nbsp;&nbsp; 1814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/33 | 64328 | &nbsp;&nbsp;&nbsp; 65518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/34 | 13669 | &nbsp;&nbsp;&nbsp; 13920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/35 | 89384 | &nbsp;&nbsp;&nbsp; 90984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/35 | 29063 | &nbsp;&nbsp;&nbsp; 29583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/35 | 4619 | &nbsp;&nbsp;&nbsp; 4701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/36 | 52879 | &nbsp;&nbsp;&nbsp; 53826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/38 | 53446 | &nbsp;&nbsp;&nbsp; 54420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/39 | 246983 | &nbsp;&nbsp;&nbsp; 251506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/01/40 | 263973 | &nbsp;&nbsp;&nbsp; 268770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/53 | 5180528 | &nbsp;&nbsp;&nbsp; 5125667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/54 | 5399127 | &nbsp;&nbsp;&nbsp; 5375491 |

---

**BHFTII-179**

------

**Brighthouse Funds Trust II**

**MetLife Aggregate Bond Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/55 | 1825483 | &nbsp;&nbsp;&nbsp; $1802285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/01/55 | 1817799 | &nbsp;&nbsp;&nbsp; 1794699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/56 | 2990870 | &nbsp;&nbsp;&nbsp; 2949783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/34 | 14897 | &nbsp;&nbsp;&nbsp; 15416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/35 | 38540 | &nbsp;&nbsp;&nbsp; 39917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/36 | 49541 | &nbsp;&nbsp;&nbsp; 51311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/37 | 60107 | &nbsp;&nbsp;&nbsp; 62285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/38 | 18369 | &nbsp;&nbsp;&nbsp; 19049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/01/38 | 35227 | &nbsp;&nbsp;&nbsp; 36532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/39 | 1317982 | &nbsp;&nbsp;&nbsp; 1347255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/54 | 1653641 | &nbsp;&nbsp;&nbsp; 1663776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/55 | 1641681 | &nbsp;&nbsp;&nbsp; 1651618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/55 | 2801501 | &nbsp;&nbsp;&nbsp; 2815242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/56 | 680761 | &nbsp;&nbsp;&nbsp; 684100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/28 | 333 | &nbsp;&nbsp;&nbsp; 335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/28 | 342 | &nbsp;&nbsp;&nbsp; 347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/29 | 351 | &nbsp;&nbsp;&nbsp; 354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/31 | 593 | &nbsp;&nbsp;&nbsp; 610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/31 | 89 | &nbsp;&nbsp;&nbsp; 91 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/31 | 15592 | &nbsp;&nbsp;&nbsp; 16013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/32 | 4150 | &nbsp;&nbsp;&nbsp; 4283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/35 | 10125 | &nbsp;&nbsp;&nbsp; 10588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/36 | 30976 | &nbsp;&nbsp;&nbsp; 32363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/01/36 | 11585 | &nbsp;&nbsp;&nbsp; 12161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/01/37 | 17874 | &nbsp;&nbsp;&nbsp; 18763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/39 | 1167387 | &nbsp;&nbsp;&nbsp; 1206103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/54 | 1635646 | &nbsp;&nbsp;&nbsp; 1692593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/54 | 6470801 | &nbsp;&nbsp;&nbsp; 6598702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/55 | 1837089 | &nbsp;&nbsp;&nbsp; 1872785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/56 | 1989446 | &nbsp;&nbsp;&nbsp; 2034575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/01/30 | 883 | &nbsp;&nbsp;&nbsp; 888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 08/01/31 | 1315 | &nbsp;&nbsp;&nbsp; 1373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 11/01/31 | 2669 | &nbsp;&nbsp;&nbsp; 2787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/01/32 | 24864 | &nbsp;&nbsp;&nbsp; 26047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/01/32 | 29951 | &nbsp;&nbsp;&nbsp; 31398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 11/01/37 | 18057 | &nbsp;&nbsp;&nbsp; 19243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/01/53 | 577627 | &nbsp;&nbsp;&nbsp; 597614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 09/01/54 | 6980934 | &nbsp;&nbsp;&nbsp; 7218782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/01/55 | 1871772 | &nbsp;&nbsp;&nbsp; 1934085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 12/01/27 | 59 | &nbsp;&nbsp;&nbsp; 60 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 11/01/28 | 156 | &nbsp;&nbsp;&nbsp; 160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 04/01/29 | 325 | &nbsp;&nbsp;&nbsp; 334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 05/01/29 | 90 | &nbsp;&nbsp;&nbsp; 90 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 07/01/29 | 17 | &nbsp;&nbsp;&nbsp; 17 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 01/01/31 | 20261 | &nbsp;&nbsp;&nbsp; 20548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 10/01/27 | 435 | &nbsp;&nbsp;&nbsp; 438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 10/01/29 | 1232 | &nbsp;&nbsp;&nbsp; 1278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 05/01/30 | 2637 | &nbsp;&nbsp;&nbsp; 2706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 02/01/27 | 33 | &nbsp;&nbsp;&nbsp; 33 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 10/01/28 | 178 | &nbsp;&nbsp;&nbsp; 182 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured <br> Pass-Through Certificates<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 01/25/32 | 3500000 | &nbsp;&nbsp;&nbsp; 3132670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.519%, 07/25/29 | 2250000 | &nbsp;&nbsp;&nbsp; 2143324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.785%, 06/25/29 | 1800000 | &nbsp;&nbsp;&nbsp; 1730791 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured <br> Pass-Through Certificates<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.243%, 04/25/27 | 1500000 | &nbsp;&nbsp;&nbsp; $1488035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.444%, 12/25/27 | 2000000 | &nbsp;&nbsp;&nbsp; 1978856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.780%, 10/25/28 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1983205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.920%, 09/25/28 (b) | 2900000 | &nbsp;&nbsp;&nbsp; 2885386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.926%, 07/25/28 (b) | 2500000 | &nbsp;&nbsp;&nbsp; 2488060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/25/34 | 3500000 | &nbsp;&nbsp;&nbsp; 3609193 |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 04/01/36 | 1091624 | &nbsp;&nbsp;&nbsp; 986828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 09/01/36 | 1206798 | &nbsp;&nbsp;&nbsp; 1089548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 11/01/36 | 1877783 | &nbsp;&nbsp;&nbsp; 1694473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 03/01/51 | 2913079 | &nbsp;&nbsp;&nbsp; 2253016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 04/01/51 | 3689242 | &nbsp;&nbsp;&nbsp; 2853169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 10/01/51 | 9430807 | &nbsp;&nbsp;&nbsp; 7291356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/01/35 | 1075451 | &nbsp;&nbsp;&nbsp; 995672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/35 | 873637 | &nbsp;&nbsp;&nbsp; 808560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 09/01/36 | 2803533 | &nbsp;&nbsp;&nbsp; 2586184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/36 | 1787493 | &nbsp;&nbsp;&nbsp; 1647260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/37 | 611235 | &nbsp;&nbsp;&nbsp; 562905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/37 | 3505534 | &nbsp;&nbsp;&nbsp; 3225075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 06/01/37 | 1342471 | &nbsp;&nbsp;&nbsp; 1235067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/41 | 1797399 | &nbsp;&nbsp;&nbsp; 1582826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 06/01/41 | 1643528 | &nbsp;&nbsp;&nbsp; 1439570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/01/42 | 5282916 | &nbsp;&nbsp;&nbsp; 4604228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/50 | 7957425 | &nbsp;&nbsp;&nbsp; 6481831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/01/50 | 6262777 | &nbsp;&nbsp;&nbsp; 5099244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/50 | 3194136 | &nbsp;&nbsp;&nbsp; 2599596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 01/01/51 | 3920524 | &nbsp;&nbsp;&nbsp; 3189409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/51 | 2791911 | &nbsp;&nbsp;&nbsp; 2268331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/01/51 | 3559150 | &nbsp;&nbsp;&nbsp; 2893369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/51 | 3020912 | &nbsp;&nbsp;&nbsp; 2448054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/01/51 | 1533476 | &nbsp;&nbsp;&nbsp; 1242146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/51 | 3861381 | &nbsp;&nbsp;&nbsp; 3126447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/52 | 794533 | &nbsp;&nbsp;&nbsp; 643496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/52 | 7269652 | &nbsp;&nbsp;&nbsp; 5956379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/01/27 | 144998 | &nbsp;&nbsp;&nbsp; 142922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/28 | 164660 | &nbsp;&nbsp;&nbsp; 162104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/28 | 123106 | &nbsp;&nbsp;&nbsp; 120832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/01/28 | 203698 | &nbsp;&nbsp;&nbsp; 199889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/30 | 299880 | &nbsp;&nbsp;&nbsp; 292454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/31 | 640548 | &nbsp;&nbsp;&nbsp; 618052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/01/32 | 209510 | &nbsp;&nbsp;&nbsp; 201887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/01/32 | 504274 | &nbsp;&nbsp;&nbsp; 484892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/32 | 118974 | &nbsp;&nbsp;&nbsp; 114101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/01/34 | 452034 | &nbsp;&nbsp;&nbsp; 427225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/35 | 462094 | &nbsp;&nbsp;&nbsp; 439376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/01/36 | 3539104 | &nbsp;&nbsp;&nbsp; 3349641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/41 | 1289218 | &nbsp;&nbsp;&nbsp; 1170957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/01/50 | 775302 | &nbsp;&nbsp;&nbsp; 662121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/50 | 720862 | &nbsp;&nbsp;&nbsp; 615458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/01/50 | 1724494 | &nbsp;&nbsp;&nbsp; 1471270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/50 | 2804071 | &nbsp;&nbsp;&nbsp; 2390582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/01/50 | 791580 | &nbsp;&nbsp;&nbsp; 674607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/50 | 4081618 | &nbsp;&nbsp;&nbsp; 3477208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/01/50 | 996927 | &nbsp;&nbsp;&nbsp; 848682 |

---

**BHFTII-180**

------

**Brighthouse Funds Trust II**

**MetLife Aggregate Bond Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/01/50 | 1552114 | &nbsp;&nbsp;&nbsp; $1320831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/01/51 | 1611728 | &nbsp;&nbsp;&nbsp; 1371061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/01/51 | 24727076 | &nbsp;&nbsp;&nbsp; 20997187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/51 | 3328813 | &nbsp;&nbsp;&nbsp; 2825655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/01/51 | 1691102 | &nbsp;&nbsp;&nbsp; 1434963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/51 | 4138922 | &nbsp;&nbsp;&nbsp; 3510745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/01/51 | 2810176 | &nbsp;&nbsp;&nbsp; 2382795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/01/51 | 2920529 | &nbsp;&nbsp;&nbsp; 2474552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/52 | 752941 | &nbsp;&nbsp;&nbsp; 637497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/52 | 3431269 | &nbsp;&nbsp;&nbsp; 2929645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/01/53 | 4987353 | &nbsp;&nbsp;&nbsp; 4220092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/27 | 20042 | &nbsp;&nbsp;&nbsp; 19902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/27 | 40211 | &nbsp;&nbsp;&nbsp; 39911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/27 | 22661 | &nbsp;&nbsp;&nbsp; 22492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/29 | 313521 | &nbsp;&nbsp;&nbsp; 308673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/29 | 173524 | &nbsp;&nbsp;&nbsp; 170762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/30 | 275658 | &nbsp;&nbsp;&nbsp; 270545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/33 | 285811 | &nbsp;&nbsp;&nbsp; 276473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/35 | 396315 | &nbsp;&nbsp;&nbsp; 378809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/36 | 469674 | &nbsp;&nbsp;&nbsp; 451560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/36 | 455918 | &nbsp;&nbsp;&nbsp; 434956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/37 | 263373 | &nbsp;&nbsp;&nbsp; 251743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/42 | 558796 | &nbsp;&nbsp;&nbsp; 514703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/42 | 460740 | &nbsp;&nbsp;&nbsp; 424417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/42 | 649714 | &nbsp;&nbsp;&nbsp; 598625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/01/42 | 438315 | &nbsp;&nbsp;&nbsp; 403785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/43 | 335346 | &nbsp;&nbsp;&nbsp; 308915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/43 | 666148 | &nbsp;&nbsp;&nbsp; 611429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/01/43 | 675355 | &nbsp;&nbsp;&nbsp; 619742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/43 | 414536 | &nbsp;&nbsp;&nbsp; 380400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/45 | 938448 | &nbsp;&nbsp;&nbsp; 852568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/46 | 533655 | &nbsp;&nbsp;&nbsp; 481489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/46 | 745209 | &nbsp;&nbsp;&nbsp; 672364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/46 | 793195 | &nbsp;&nbsp;&nbsp; 715659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/47 | 1136322 | &nbsp;&nbsp;&nbsp; 1025245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/49 | 501510 | &nbsp;&nbsp;&nbsp; 447006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/01/49 | 917976 | &nbsp;&nbsp;&nbsp; 818210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/50 | 953207 | &nbsp;&nbsp;&nbsp; 849611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/50 | 468341 | &nbsp;&nbsp;&nbsp; 417441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/01/50 | 708822 | &nbsp;&nbsp;&nbsp; 630675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/51 | 1898730 | &nbsp;&nbsp;&nbsp; 1682000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/52 | 1605813 | &nbsp;&nbsp;&nbsp; 1415804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/29 | 187373 | &nbsp;&nbsp;&nbsp; 185757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/32 | 206976 | &nbsp;&nbsp;&nbsp; 203131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/32 | 90322 | &nbsp;&nbsp;&nbsp; 88771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/34 | 140547 | &nbsp;&nbsp;&nbsp; 137229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/35 | 358772 | &nbsp;&nbsp;&nbsp; 348595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/37 | 1453082 | &nbsp;&nbsp;&nbsp; 1414809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/38 | 262612 | &nbsp;&nbsp;&nbsp; 252734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/40 | 311459 | &nbsp;&nbsp;&nbsp; 297905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/42 | 201852 | &nbsp;&nbsp;&nbsp; 191427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/42 | 534631 | &nbsp;&nbsp;&nbsp; 506967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/42 | 371388 | &nbsp;&nbsp;&nbsp; 352170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/42 | 232347 | &nbsp;&nbsp;&nbsp; 220324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/42 | 989558 | &nbsp;&nbsp;&nbsp; 938329 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/43 | 387450 | &nbsp;&nbsp;&nbsp; $367401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/43 | 476254 | &nbsp;&nbsp;&nbsp; 451055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/44 | 497727 | &nbsp;&nbsp;&nbsp; 468125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/45 | 537742 | &nbsp;&nbsp;&nbsp; 505760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/45 | 606915 | &nbsp;&nbsp;&nbsp; 567332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/45 | 339796 | &nbsp;&nbsp;&nbsp; 317634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/45 | 481110 | &nbsp;&nbsp;&nbsp; 449732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/45 | 481884 | &nbsp;&nbsp;&nbsp; 450456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/46 | 586612 | &nbsp;&nbsp;&nbsp; 548353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/46 | 534168 | &nbsp;&nbsp;&nbsp; 498056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/46 | 394026 | &nbsp;&nbsp;&nbsp; 367388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/47 | 918878 | &nbsp;&nbsp;&nbsp; 854989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/49 | 178461 | &nbsp;&nbsp;&nbsp; 165646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/49 | 209271 | &nbsp;&nbsp;&nbsp; 193801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/01/49 | 437345 | &nbsp;&nbsp;&nbsp; 405015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/50 | 284716 | &nbsp;&nbsp;&nbsp; 263669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/50 | 144492 | &nbsp;&nbsp;&nbsp; 133811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/50 | 654424 | &nbsp;&nbsp;&nbsp; 606559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/51 | 11357019 | &nbsp;&nbsp;&nbsp; 10517471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/52 | 776518 | &nbsp;&nbsp;&nbsp; 712972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/52 | 2495315 | &nbsp;&nbsp;&nbsp; 2312072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/53 | 1481627 | &nbsp;&nbsp;&nbsp; 1360331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/01/54 | 944317 | &nbsp;&nbsp;&nbsp; 866714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/31 | 78403 | &nbsp;&nbsp;&nbsp; 78108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/38 | 1734778 | &nbsp;&nbsp;&nbsp; 1717995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/39 | 184723 | &nbsp;&nbsp;&nbsp; 180355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/39 | 148104 | &nbsp;&nbsp;&nbsp; 144602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/39 | 195613 | &nbsp;&nbsp;&nbsp; 190987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/40 | 100080 | &nbsp;&nbsp;&nbsp; 97761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/40 | 124622 | &nbsp;&nbsp;&nbsp; 121734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/40 | 928397 | &nbsp;&nbsp;&nbsp; 906928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/41 | 456024 | &nbsp;&nbsp;&nbsp; 445458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/41 | 209081 | &nbsp;&nbsp;&nbsp; 203539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/42 | 279840 | &nbsp;&nbsp;&nbsp; 272423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/43 | 370639 | &nbsp;&nbsp;&nbsp; 360339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/44 | 405408 | &nbsp;&nbsp;&nbsp; 390667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/44 | 235316 | &nbsp;&nbsp;&nbsp; 226760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/44 | 483059 | &nbsp;&nbsp;&nbsp; 466599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/45 | 465497 | &nbsp;&nbsp;&nbsp; 448565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/45 | 343310 | &nbsp;&nbsp;&nbsp; 330452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/45 | 476659 | &nbsp;&nbsp;&nbsp; 458806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/47 | 134794 | &nbsp;&nbsp;&nbsp; 128922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/47 | 147597 | &nbsp;&nbsp;&nbsp; 141168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/47 | 220308 | &nbsp;&nbsp;&nbsp; 210712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/47 | 236887 | &nbsp;&nbsp;&nbsp; 226569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/47 | 352678 | &nbsp;&nbsp;&nbsp; 337316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/48 | 397381 | &nbsp;&nbsp;&nbsp; 379259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/48 | 336997 | &nbsp;&nbsp;&nbsp; 321629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/48 | 248754 | &nbsp;&nbsp;&nbsp; 237410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/48 | 120400 | &nbsp;&nbsp;&nbsp; 114910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/48 | 186658 | &nbsp;&nbsp;&nbsp; 178146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/48 | 234611 | &nbsp;&nbsp;&nbsp; 223913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/49 | 386816 | &nbsp;&nbsp;&nbsp; 368524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/50 | 407755 | &nbsp;&nbsp;&nbsp; 388473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/50 | 450814 | &nbsp;&nbsp;&nbsp; 429495 |

---

**BHFTII-181**

------

**Brighthouse Funds Trust II**

**MetLife Aggregate Bond Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/50 | 307115 | &nbsp;&nbsp;&nbsp; $292726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/51 | 1786400 | &nbsp;&nbsp;&nbsp; 1701923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/52 | 5888183 | &nbsp;&nbsp;&nbsp; 5601554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/52 | 1572785 | &nbsp;&nbsp;&nbsp; 1489645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/52 | 1223668 | &nbsp;&nbsp;&nbsp; 1158794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/54 | 2838413 | &nbsp;&nbsp;&nbsp; 2681538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/55 | 2078799 | &nbsp;&nbsp;&nbsp; 1963906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/30 | 43556 | &nbsp;&nbsp;&nbsp; 43732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/33 | 25295 | &nbsp;&nbsp;&nbsp; 25428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/33 | 32602 | &nbsp;&nbsp;&nbsp; 32774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/34 | 23008 | &nbsp;&nbsp;&nbsp; 23130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/01/39 | 7236 | &nbsp;&nbsp;&nbsp; 7222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/39 | 282577 | &nbsp;&nbsp;&nbsp; 282138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/39 | 349389 | &nbsp;&nbsp;&nbsp; 348846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/39 | 188829 | &nbsp;&nbsp;&nbsp; 188536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/01/39 | 1474698 | &nbsp;&nbsp;&nbsp; 1465314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/40 | 293514 | &nbsp;&nbsp;&nbsp; 292934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/40 | 332049 | &nbsp;&nbsp;&nbsp; 331393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/01/40 | 177425 | &nbsp;&nbsp;&nbsp; 177074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/01/40 | 409633 | &nbsp;&nbsp;&nbsp; 408823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/41 | 1035630 | &nbsp;&nbsp;&nbsp; 1031850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/41 | 232043 | &nbsp;&nbsp;&nbsp; 230952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/01/44 | 149815 | &nbsp;&nbsp;&nbsp; 148408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/47 | 333781 | &nbsp;&nbsp;&nbsp; 327429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/48 | 160014 | &nbsp;&nbsp;&nbsp; 156969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/01/48 | 213572 | &nbsp;&nbsp;&nbsp; 209508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/50 | 2060741 | &nbsp;&nbsp;&nbsp; 2021525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/52 | 1143941 | &nbsp;&nbsp;&nbsp; 1108564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/52 | 1511313 | &nbsp;&nbsp;&nbsp; 1464434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/01/52 | 1179811 | &nbsp;&nbsp;&nbsp; 1143105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/53 | 1305183 | &nbsp;&nbsp;&nbsp; 1263022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/54 | 1396155 | &nbsp;&nbsp;&nbsp; 1347674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/55 | 2000781 | &nbsp;&nbsp;&nbsp; 1929922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/55 | 989848 | &nbsp;&nbsp;&nbsp; 954792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/01/55 | 1968585 | &nbsp;&nbsp;&nbsp; 1898867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/56 | 1990051 | &nbsp;&nbsp;&nbsp; 1919573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/33 | 27371 | &nbsp;&nbsp;&nbsp; 27842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/33 | 85706 | &nbsp;&nbsp;&nbsp; 87173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/33 | 30010 | &nbsp;&nbsp;&nbsp; 30526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/33 | 298108 | &nbsp;&nbsp;&nbsp; 303230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/34 | 37482 | &nbsp;&nbsp;&nbsp; 38127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/34 | 79827 | &nbsp;&nbsp;&nbsp; 81196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/01/34 | 15262 | &nbsp;&nbsp;&nbsp; 15523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/34 | 63117 | &nbsp;&nbsp;&nbsp; 64195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/01/35 | 24002 | &nbsp;&nbsp;&nbsp; 24413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/35 | 9856 | &nbsp;&nbsp;&nbsp; 10020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/01/35 | 5084 | &nbsp;&nbsp;&nbsp; 5168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/35 | 28029 | &nbsp;&nbsp;&nbsp; 28495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/36 | 92745 | &nbsp;&nbsp;&nbsp; 94287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/37 | 86589 | &nbsp;&nbsp;&nbsp; 88066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/39 | 77024 | &nbsp;&nbsp;&nbsp; 78338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/39 | 1456811 | &nbsp;&nbsp;&nbsp; 1467737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/40 | 243551 | &nbsp;&nbsp;&nbsp; 247683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/41 | 150592 | &nbsp;&nbsp;&nbsp; 153162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/49 | 256659 | &nbsp;&nbsp;&nbsp; 258218 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/52 | 1424216 | &nbsp;&nbsp;&nbsp; $1412314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/52 | 1127579 | &nbsp;&nbsp;&nbsp; 1119043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/52 | 3049760 | &nbsp;&nbsp;&nbsp; 3026672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/53 | 2822387 | &nbsp;&nbsp;&nbsp; 2793896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/53 | 1617269 | &nbsp;&nbsp;&nbsp; 1602384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/53 | 1252475 | &nbsp;&nbsp;&nbsp; 1239832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/54 | 1275083 | &nbsp;&nbsp;&nbsp; 1258880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/54 | 2512002 | &nbsp;&nbsp;&nbsp; 2480080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/55 | 2888397 | &nbsp;&nbsp;&nbsp; 2851263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/56 | 1973916 | &nbsp;&nbsp;&nbsp; 1946905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/01/56 | 1289552 | &nbsp;&nbsp;&nbsp; 1271906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/56 | 2000000 | &nbsp;&nbsp;&nbsp; 1971844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/32 | 7322 | &nbsp;&nbsp;&nbsp; 7496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/33 | 15518 | &nbsp;&nbsp;&nbsp; 15888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/01/33 | 40560 | &nbsp;&nbsp;&nbsp; 41652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/33 | 17530 | &nbsp;&nbsp;&nbsp; 18001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/33 | 84490 | &nbsp;&nbsp;&nbsp; 86755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/34 | 22947 | &nbsp;&nbsp;&nbsp; 23721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/34 | 9302 | &nbsp;&nbsp;&nbsp; 9616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/34 | 7261 | &nbsp;&nbsp;&nbsp; 7506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/34 | 33768 | &nbsp;&nbsp;&nbsp; 34906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/34 | 23562 | &nbsp;&nbsp;&nbsp; 24356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/35 | 20981 | &nbsp;&nbsp;&nbsp; 21688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/35 | 5700 | &nbsp;&nbsp;&nbsp; 5897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/35 | 26986 | &nbsp;&nbsp;&nbsp; 27917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/37 | 37336 | &nbsp;&nbsp;&nbsp; 38645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/01/37 | 27950 | &nbsp;&nbsp;&nbsp; 28929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/01/38 | 20487 | &nbsp;&nbsp;&nbsp; 21221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/38 | 17358 | &nbsp;&nbsp;&nbsp; 17980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/52 | 1434482 | &nbsp;&nbsp;&nbsp; 1454919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/53 | 1366329 | &nbsp;&nbsp;&nbsp; 1384066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/53 | 697750 | &nbsp;&nbsp;&nbsp; 704535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/53 | 702282 | &nbsp;&nbsp;&nbsp; 709003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/01/53 | 1421705 | &nbsp;&nbsp;&nbsp; 1433666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/01/53 | 2950283 | &nbsp;&nbsp;&nbsp; 2977859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/53 | 1312006 | &nbsp;&nbsp;&nbsp; 1323466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/53 | 1314878 | &nbsp;&nbsp;&nbsp; 1325154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/54 | 1564256 | &nbsp;&nbsp;&nbsp; 1577313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/54 | 1125390 | &nbsp;&nbsp;&nbsp; 1133646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/01/54 | 1145476 | &nbsp;&nbsp;&nbsp; 1154543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/54 | 1148703 | &nbsp;&nbsp;&nbsp; 1155513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/01/54 | 4525621 | &nbsp;&nbsp;&nbsp; 4601145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/54 | 12400217 | &nbsp;&nbsp;&nbsp; 12463707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/55 | 4978253 | &nbsp;&nbsp;&nbsp; 5002670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/55 | 1658571 | &nbsp;&nbsp;&nbsp; 1666706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/01/55 | 898580 | &nbsp;&nbsp;&nbsp; 902988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/56 | 2940596 | &nbsp;&nbsp;&nbsp; 2955317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/56 | 2988317 | &nbsp;&nbsp;&nbsp; 3006721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/56 | 1000000 | &nbsp;&nbsp;&nbsp; 1006478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/28 | 68 | &nbsp;&nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/28 | 74 | &nbsp;&nbsp;&nbsp; 75 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/31 | 13648 | &nbsp;&nbsp;&nbsp; 14029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/32 | 13680 | &nbsp;&nbsp;&nbsp; 14101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/01/33 | 1860 | &nbsp;&nbsp;&nbsp; 1917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/33 | 22597 | &nbsp;&nbsp;&nbsp; 23295 |

---

**BHFTII-182**

------

**Brighthouse Funds Trust II**

**MetLife Aggregate Bond Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/33 | 38782 | &nbsp;&nbsp;&nbsp; $40125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/33 | 48521 | &nbsp;&nbsp;&nbsp; 50222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/34 | 39375 | &nbsp;&nbsp;&nbsp; 40930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/34 | 42647 | &nbsp;&nbsp;&nbsp; 44339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/01/35 | 15267 | &nbsp;&nbsp;&nbsp; 15869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/36 | 5016 | &nbsp;&nbsp;&nbsp; 5260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/36 | 23585 | &nbsp;&nbsp;&nbsp; 24730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/01/37 | 44492 | &nbsp;&nbsp;&nbsp; 46814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/01/37 | 26149 | &nbsp;&nbsp;&nbsp; 27515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/38 | 24478 | &nbsp;&nbsp;&nbsp; 25770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/53 | 1814343 | &nbsp;&nbsp;&nbsp; 1852936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/53 | 621759 | &nbsp;&nbsp;&nbsp; 635486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/53 | 1260653 | &nbsp;&nbsp;&nbsp; 1288328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/53 | 1099217 | &nbsp;&nbsp;&nbsp; 1123211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/53 | 1167972 | &nbsp;&nbsp;&nbsp; 1194460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/54 | 867512 | &nbsp;&nbsp;&nbsp; 886178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/54 | 614846 | &nbsp;&nbsp;&nbsp; 627329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/54 | 1883521 | &nbsp;&nbsp;&nbsp; 1921424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/54 | 4808517 | &nbsp;&nbsp;&nbsp; 4903561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/54 | 1411169 | &nbsp;&nbsp;&nbsp; 1438809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/55 | 2057242 | &nbsp;&nbsp;&nbsp; 2097230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/55 | 2106646 | &nbsp;&nbsp;&nbsp; 2145980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/55 | 1224336 | &nbsp;&nbsp;&nbsp; 1247195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/55 | 3267125 | &nbsp;&nbsp;&nbsp; 3328126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/01/55 | 1567141 | &nbsp;&nbsp;&nbsp; 1596770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/01/55 | 2687635 | &nbsp;&nbsp;&nbsp; 2739858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/55 | 5465440 | &nbsp;&nbsp;&nbsp; 5573069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 05/01/28 | 2142 | &nbsp;&nbsp;&nbsp; 2170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/01/28 | 19057 | &nbsp;&nbsp;&nbsp; 19157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/01/29 | 503 | &nbsp;&nbsp;&nbsp; 509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/01/29 | 2808 | &nbsp;&nbsp;&nbsp; 2846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 05/01/29 | 88 | &nbsp;&nbsp;&nbsp; 88 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 08/01/29 | 187 | &nbsp;&nbsp;&nbsp; 189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 09/01/31 | 1988 | &nbsp;&nbsp;&nbsp; 2073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/01/32 | 3131 | &nbsp;&nbsp;&nbsp; 3278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/01/33 | 1531 | &nbsp;&nbsp;&nbsp; 1608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/01/34 | 44292 | &nbsp;&nbsp;&nbsp; 46530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/01/37 | 10701 | &nbsp;&nbsp;&nbsp; 11389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 09/01/53 | 799806 | &nbsp;&nbsp;&nbsp; 828062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 01/01/54 | 1174493 | &nbsp;&nbsp;&nbsp; 1215132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/01/54 | 1835945 | &nbsp;&nbsp;&nbsp; 1900807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/01/54 | 501646 | &nbsp;&nbsp;&nbsp; 518738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 05/01/54 | 754873 | &nbsp;&nbsp;&nbsp; 780365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 08/01/54 | 1101267 | &nbsp;&nbsp;&nbsp; 1138788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/01/55 | 5161538 | &nbsp;&nbsp;&nbsp; 5335009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 11/01/55 | 1736674 | &nbsp;&nbsp;&nbsp; 1796070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 06/01/26 | 1 | &nbsp;&nbsp;&nbsp; 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 06/01/28 | 1696 | &nbsp;&nbsp;&nbsp; 1700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 10/01/29 | 602 | &nbsp;&nbsp;&nbsp; 620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 06/01/32 | 8583 | &nbsp;&nbsp;&nbsp; 9107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 10/01/37 | 38205 | &nbsp;&nbsp;&nbsp; 41249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 12/01/53 | 343122 | &nbsp;&nbsp;&nbsp; 360900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 06/01/26 | 8 | &nbsp;&nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 07/01/29 | 561 | &nbsp;&nbsp;&nbsp; 574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 10/01/29 | 729 | &nbsp;&nbsp;&nbsp; 737 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 11/01/29 | 3 | &nbsp;&nbsp;&nbsp; $3 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 11/01/30 | 222 | &nbsp;&nbsp;&nbsp; 227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 01/01/31 | 131 | &nbsp;&nbsp;&nbsp; 131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 02/01/31 | 606 | &nbsp;&nbsp;&nbsp; 628 |
| Federal National Mortgage Association-ACES |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.610%, 03/25/31 | 220888 | &nbsp;&nbsp;&nbsp; 215325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.190%, 01/25/30 | 1435000 | &nbsp;&nbsp;&nbsp; 1335348 |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/20/50 | 3343572 | &nbsp;&nbsp;&nbsp; 2762157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 01/20/51 | 1732444 | &nbsp;&nbsp;&nbsp; 1429444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/20/51 | 1194733 | &nbsp;&nbsp;&nbsp; 985828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/20/51 | 3063674 | &nbsp;&nbsp;&nbsp; 2527975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/20/51 | 8774906 | &nbsp;&nbsp;&nbsp; 7240569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 06/20/51 | 952568 | &nbsp;&nbsp;&nbsp; 786007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/20/51 | 6609508 | &nbsp;&nbsp;&nbsp; 5453802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/20/51 | 1775860 | &nbsp;&nbsp;&nbsp; 1465342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/20/52 | 3223058 | &nbsp;&nbsp;&nbsp; 2659404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/20/50 | 678430 | &nbsp;&nbsp;&nbsp; 584239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/20/50 | 2479556 | &nbsp;&nbsp;&nbsp; 2134920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/20/50 | 1783662 | &nbsp;&nbsp;&nbsp; 1535680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/20/50 | 2977090 | &nbsp;&nbsp;&nbsp; 2562955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/20/50 | 1337311 | &nbsp;&nbsp;&nbsp; 1151178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/20/51 | 1704852 | &nbsp;&nbsp;&nbsp; 1466425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/20/51 | 3820421 | &nbsp;&nbsp;&nbsp; 3286127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/20/51 | 7792092 | &nbsp;&nbsp;&nbsp; 6702352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/20/51 | 3307149 | &nbsp;&nbsp;&nbsp; 2844637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/20/51 | 1740186 | &nbsp;&nbsp;&nbsp; 1496818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/20/52 | 1700082 | &nbsp;&nbsp;&nbsp; 1462322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/20/52 | 1747596 | &nbsp;&nbsp;&nbsp; 1503263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/15/28 | 109581 | &nbsp;&nbsp;&nbsp; 108113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/15/42 | 450641 | &nbsp;&nbsp;&nbsp; 415386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/15/42 | 449420 | &nbsp;&nbsp;&nbsp; 414240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/20/42 | 482577 | &nbsp;&nbsp;&nbsp; 444107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/15/43 | 351340 | &nbsp;&nbsp;&nbsp; 323838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/15/43 | 394197 | &nbsp;&nbsp;&nbsp; 362158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/20/43 | 422101 | &nbsp;&nbsp;&nbsp; 388384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/15/43 | 355569 | &nbsp;&nbsp;&nbsp; 326670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/20/44 | 408128 | &nbsp;&nbsp;&nbsp; 373289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/20/45 | 367094 | &nbsp;&nbsp;&nbsp; 333166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/20/45 | 672105 | &nbsp;&nbsp;&nbsp; 609986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/20/45 | 363165 | &nbsp;&nbsp;&nbsp; 329600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/20/46 | 589685 | &nbsp;&nbsp;&nbsp; 535184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/20/46 | 638039 | &nbsp;&nbsp;&nbsp; 578009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/20/46 | 656643 | &nbsp;&nbsp;&nbsp; 594862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/20/46 | 693677 | &nbsp;&nbsp;&nbsp; 629397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/20/47 | 719201 | &nbsp;&nbsp;&nbsp; 651535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/20/47 | 315700 | &nbsp;&nbsp;&nbsp; 285228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/20/48 | 454137 | &nbsp;&nbsp;&nbsp; 410303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/20/49 | 499913 | &nbsp;&nbsp;&nbsp; 448583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/20/50 | 2858598 | &nbsp;&nbsp;&nbsp; 2559220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/20/50 | 1040473 | &nbsp;&nbsp;&nbsp; 931738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/20/50 | 669457 | &nbsp;&nbsp;&nbsp; 599339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/20/50 | 4569401 | &nbsp;&nbsp;&nbsp; 4090279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/20/50 | 1422183 | &nbsp;&nbsp;&nbsp; 1272895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/20/52 | 575362 | &nbsp;&nbsp;&nbsp; 513683 |

---

**BHFTII-183**

------

**Brighthouse Funds Trust II**

**MetLife Aggregate Bond Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/20/52 | 2626385 | &nbsp;&nbsp;&nbsp; $2344837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/20/41 | 275727 | &nbsp;&nbsp;&nbsp; 260802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/15/42 | 115246 | &nbsp;&nbsp;&nbsp; 109057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/20/42 | 259264 | &nbsp;&nbsp;&nbsp; 245003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/20/43 | 363478 | &nbsp;&nbsp;&nbsp; 343485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/20/43 | 563342 | &nbsp;&nbsp;&nbsp; 531799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/20/44 | 530795 | &nbsp;&nbsp;&nbsp; 500560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/20/45 | 554198 | &nbsp;&nbsp;&nbsp; 522630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/20/45 | 344081 | &nbsp;&nbsp;&nbsp; 322740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/20/45 | 821047 | &nbsp;&nbsp;&nbsp; 770122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/20/45 | 540850 | &nbsp;&nbsp;&nbsp; 507304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/20/45 | 500455 | &nbsp;&nbsp;&nbsp; 469415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/20/46 | 478139 | &nbsp;&nbsp;&nbsp; 448482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/20/46 | 386544 | &nbsp;&nbsp;&nbsp; 362569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/20/46 | 426617 | &nbsp;&nbsp;&nbsp; 399721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/20/47 | 677396 | &nbsp;&nbsp;&nbsp; 634690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/20/47 | 576387 | &nbsp;&nbsp;&nbsp; 540830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/20/47 | 235967 | &nbsp;&nbsp;&nbsp; 221411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/20/48 | 111685 | &nbsp;&nbsp;&nbsp; 104614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/20/49 | 201077 | &nbsp;&nbsp;&nbsp; 187658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/20/49 | 222789 | &nbsp;&nbsp;&nbsp; 207921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/20/49 | 600086 | &nbsp;&nbsp;&nbsp; 560039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/20/49 | 369607 | &nbsp;&nbsp;&nbsp; 344941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/20/49 | 515986 | &nbsp;&nbsp;&nbsp; 481550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/20/49 | 333715 | &nbsp;&nbsp;&nbsp; 311444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/20/50 | 472066 | &nbsp;&nbsp;&nbsp; 440297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/20/51 | 797154 | &nbsp;&nbsp;&nbsp; 743954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/20/53 | 4628547 | &nbsp;&nbsp;&nbsp; 4317054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/20/55 | 978938 | &nbsp;&nbsp;&nbsp; 897487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/15/39 | 270980 | &nbsp;&nbsp;&nbsp; 264550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/15/40 | 168222 | &nbsp;&nbsp;&nbsp; 163688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/20/40 | 236343 | &nbsp;&nbsp;&nbsp; 228254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/20/40 | 305506 | &nbsp;&nbsp;&nbsp; 295049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/20/43 | 158623 | &nbsp;&nbsp;&nbsp; 153195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/20/44 | 226009 | &nbsp;&nbsp;&nbsp; 216771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/20/44 | 270554 | &nbsp;&nbsp;&nbsp; 259496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/20/44 | 451533 | &nbsp;&nbsp;&nbsp; 433078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/20/44 | 118965 | &nbsp;&nbsp;&nbsp; 114103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/20/45 | 417734 | &nbsp;&nbsp;&nbsp; 400510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/20/45 | 223243 | &nbsp;&nbsp;&nbsp; 214038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/20/47 | 85970 | &nbsp;&nbsp;&nbsp; 82307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/20/47 | 342518 | &nbsp;&nbsp;&nbsp; 327310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/20/47 | 314156 | &nbsp;&nbsp;&nbsp; 300208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/20/48 | 217073 | &nbsp;&nbsp;&nbsp; 207325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/20/48 | 157013 | &nbsp;&nbsp;&nbsp; 149908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/20/48 | 282497 | &nbsp;&nbsp;&nbsp; 269811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/20/49 | 286494 | &nbsp;&nbsp;&nbsp; 273185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/20/50 | 410719 | &nbsp;&nbsp;&nbsp; 391704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/20/52 | 1866458 | &nbsp;&nbsp;&nbsp; 1766473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/20/53 | 4775767 | &nbsp;&nbsp;&nbsp; 4519933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/20/55 | 1064516 | &nbsp;&nbsp;&nbsp; 997198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/15/39 | 63119 | &nbsp;&nbsp;&nbsp; 63102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/15/39 | 142382 | &nbsp;&nbsp;&nbsp; 141895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/15/39 | 313261 | &nbsp;&nbsp;&nbsp; 312265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/15/39 | 118878 | &nbsp;&nbsp;&nbsp; 118425 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/15/40 | 136845 | &nbsp;&nbsp;&nbsp; $136339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/20/40 | 189211 | &nbsp;&nbsp;&nbsp; 188163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/20/40 | 147053 | &nbsp;&nbsp;&nbsp; 146238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/15/41 | 44887 | &nbsp;&nbsp;&nbsp; 44692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/15/41 | 51786 | &nbsp;&nbsp;&nbsp; 51550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/20/41 | 106667 | &nbsp;&nbsp;&nbsp; 106076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/20/42 | 119476 | &nbsp;&nbsp;&nbsp; 118813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/20/43 | 138083 | &nbsp;&nbsp;&nbsp; 136892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/20/47 | 215278 | &nbsp;&nbsp;&nbsp; 213091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/20/49 | 145289 | &nbsp;&nbsp;&nbsp; 142741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/20/52 | 1829124 | &nbsp;&nbsp;&nbsp; 1782031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/20/52 | 7570876 | &nbsp;&nbsp;&nbsp; 7373610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/20/55 | 2877155 | &nbsp;&nbsp;&nbsp; 2781629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/20/55 | 2051395 | &nbsp;&nbsp;&nbsp; 1980975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/35 | 51782 | &nbsp;&nbsp;&nbsp; 52631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/36 | 12794 | &nbsp;&nbsp;&nbsp; 12879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/15/39 | 149026 | &nbsp;&nbsp;&nbsp; 151716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/39 | 28835 | &nbsp;&nbsp;&nbsp; 29363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/15/39 | 161109 | &nbsp;&nbsp;&nbsp; 164180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/15/39 | 30345 | &nbsp;&nbsp;&nbsp; 30921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/39 | 136797 | &nbsp;&nbsp;&nbsp; 139363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/40 | 109731 | &nbsp;&nbsp;&nbsp; 111791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/20/40 | 102353 | &nbsp;&nbsp;&nbsp; 104267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/20/40 | 106785 | &nbsp;&nbsp;&nbsp; 108781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/20/44 | 228621 | &nbsp;&nbsp;&nbsp; 232895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/20/48 | 159328 | &nbsp;&nbsp;&nbsp; 160476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/20/49 | 111510 | &nbsp;&nbsp;&nbsp; 112314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/20/53 | 1518683 | &nbsp;&nbsp;&nbsp; 1511782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/20/53 | 2505931 | &nbsp;&nbsp;&nbsp; 2493293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/20/54 | 893190 | &nbsp;&nbsp;&nbsp; 886939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/20/54 | 7302949 | &nbsp;&nbsp;&nbsp; 7244465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/20/55 | 925203 | &nbsp;&nbsp;&nbsp; 917170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/20/55 | 1892015 | &nbsp;&nbsp;&nbsp; 1875587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/20/55 | 1923055 | &nbsp;&nbsp;&nbsp; 1906357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/20/55 | 3974781 | &nbsp;&nbsp;&nbsp; 3938920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/15/36 | 33530 | &nbsp;&nbsp;&nbsp; 34094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/15/38 | 15079 | &nbsp;&nbsp;&nbsp; 15366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/15/39 | 34284 | &nbsp;&nbsp;&nbsp; 35331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/20/53 | 1974247 | &nbsp;&nbsp;&nbsp; 2003174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/20/53 | 2802133 | &nbsp;&nbsp;&nbsp; 2841786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/20/54 | 1492677 | &nbsp;&nbsp;&nbsp; 1508810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/20/54 | 7405915 | &nbsp;&nbsp;&nbsp; 7475917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/20/55 | 1545713 | &nbsp;&nbsp;&nbsp; 1560028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/20/55 | 3426326 | &nbsp;&nbsp;&nbsp; 3450226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/20/55 | 1957265 | &nbsp;&nbsp;&nbsp; 1970924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/20/55 | 1979936 | &nbsp;&nbsp;&nbsp; 1995561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/15/29 | 336 | &nbsp;&nbsp;&nbsp; 338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/15/33 | 33130 | &nbsp;&nbsp;&nbsp; 34393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/15/35 | 26780 | &nbsp;&nbsp;&nbsp; 27953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/15/36 | 28041 | &nbsp;&nbsp;&nbsp; 29175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/15/38 | 61496 | &nbsp;&nbsp;&nbsp; 64421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/20/53 | 473230 | &nbsp;&nbsp;&nbsp; 485798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/20/53 | 1978852 | &nbsp;&nbsp;&nbsp; 2022516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/20/54 | 5825064 | &nbsp;&nbsp;&nbsp; 5933187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/20/54 | 883526 | &nbsp;&nbsp;&nbsp; 899545 |

---

**BHFTII-184**

------

**Brighthouse Funds Trust II**

**MetLife Aggregate Bond Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/20/55 | 873329 | &nbsp;&nbsp;&nbsp; $889540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/20/55 | 1316981 | &nbsp;&nbsp;&nbsp; 1339098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/20/55 | 725588 | &nbsp;&nbsp;&nbsp; 738233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/20/55 | 1464805 | &nbsp;&nbsp;&nbsp; 1490220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/15/27 | 10 | &nbsp;&nbsp;&nbsp; 10 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 08/15/28 | 980 | &nbsp;&nbsp;&nbsp; 987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 11/15/28 | 538 | &nbsp;&nbsp;&nbsp; 549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/15/28 | 1904 | &nbsp;&nbsp;&nbsp; 1920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 07/15/29 | 708 | &nbsp;&nbsp;&nbsp; 713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/20/31 | 3469 | &nbsp;&nbsp;&nbsp; 3610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 05/15/36 | 59658 | &nbsp;&nbsp;&nbsp; 62939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 11/20/53 | 806062 | &nbsp;&nbsp;&nbsp; 841428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 07/20/54 | 1264451 | &nbsp;&nbsp;&nbsp; 1314341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 11/20/54 | 1001624 | &nbsp;&nbsp;&nbsp; 1041007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/20/55 | 1323346 | &nbsp;&nbsp;&nbsp; 1373578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 01/15/28 | 112 | &nbsp;&nbsp;&nbsp; 113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 05/15/28 | 1133 | &nbsp;&nbsp;&nbsp; 1138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 06/15/28 | 556 | &nbsp;&nbsp;&nbsp; 561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 10/15/28 | 1004 | &nbsp;&nbsp;&nbsp; 1014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 03/15/31 | 90 | &nbsp;&nbsp;&nbsp; 91 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 08/15/31 | 13867 | &nbsp;&nbsp;&nbsp; 14555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 07/15/32 | 5390 | &nbsp;&nbsp;&nbsp; 5676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 02/20/28 | 79 | &nbsp;&nbsp;&nbsp; 79 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 08/15/26 | 22 | &nbsp;&nbsp;&nbsp; 22 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 09/15/26 | 6 | &nbsp;&nbsp;&nbsp; 6 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Agency Sponsored Mortgage-Backed Securities <br>(Cost $824,617,625) <br>|  | &nbsp;&nbsp;&nbsp; 785059775 |
| **Foreign Government—1.6%** | **Foreign Government—1.6%** | **Foreign Government—1.6%** |
| **Banks — 0.1%** | **Banks — 0.1%** | **Banks — 0.1%** |
| Korea Development Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/28/31 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 992775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 02/03/30 | 2000000 | &nbsp;&nbsp;&nbsp; 2049660 |
|  |  | &nbsp;&nbsp;&nbsp; 3042435 |
| **Regional Government — 0.2%** | **Regional Government — 0.2%** | **Regional Government — 0.2%** |
| Province of Alberta |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/24/34 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1003588 |
| Province of British Columbia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.300%, 01/29/31 | 1000000 | &nbsp;&nbsp;&nbsp; 877847 |
| Province of Ontario |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 01/18/29 | 2500000 | &nbsp;&nbsp;&nbsp; 2517411 |
| Province of Quebec |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 09/05/34 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1963147 |
|  |  | &nbsp;&nbsp;&nbsp; 6361993 |
| **Sovereign — 1.3%** | **Sovereign — 1.3%** | **Sovereign — 1.3%** |
| Canada Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 04/30/29 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1022547 |
| Chile Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.550%, 07/27/33 (a) | 1300000 | &nbsp;&nbsp;&nbsp; 1108113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 01/22/61 | 1200000 | &nbsp;&nbsp;&nbsp; 740884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/25/50 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 715914 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Sovereign—(Continued)** | **Sovereign—(Continued)** | **Sovereign—(Continued)** |
| Export Development Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 02/13/29 | 1500000 | &nbsp;&nbsp;&nbsp; $1510704 |
| Export-Import Bank of Korea |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/11/29 | 2100000 | &nbsp;&nbsp;&nbsp; 2096853 |
| Indonesia Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.050%, 03/12/51 | 1100000 | &nbsp;&nbsp;&nbsp; 688581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 10/15/30 | 700000 | &nbsp;&nbsp;&nbsp; 670480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 01/11/48 (a) | 1200000 | &nbsp;&nbsp;&nbsp; 969182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 01/11/28 | 1000000 | &nbsp;&nbsp;&nbsp; 1000848 |
| Israel Government AID Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/18/33 | 200000 | &nbsp;&nbsp;&nbsp; 211630 |
| Israel Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 01/17/48 | 1000000 | &nbsp;&nbsp;&nbsp; 752649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/12/34 | 2000000 | &nbsp;&nbsp;&nbsp; 2023942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 01/13/56 (a) | 700000 | &nbsp;&nbsp;&nbsp; 659474 |
| Japan Bank for International Cooperation |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 11/16/27 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 980396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 07/19/28 | 1600000 | &nbsp;&nbsp;&nbsp; 1621623 |
| Japan International Cooperation Agency |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 05/22/30 | 500000 | &nbsp;&nbsp;&nbsp; 501516 |
| Mexico Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.659%, 05/24/31 | 1200000 | &nbsp;&nbsp;&nbsp; 1059305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 01/23/46 | 1100000 | &nbsp;&nbsp;&nbsp; 841757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 03/08/44 (a) | 900000 | &nbsp;&nbsp;&nbsp; 720796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 10/12/2110 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 811506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 02/09/38 | 500000 | &nbsp;&nbsp;&nbsp; 488027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.350%, 02/09/35 | 3000000 | &nbsp;&nbsp;&nbsp; 3065925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 01/29/38 (a) | 1400000 | &nbsp;&nbsp;&nbsp; 1426089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 09/27/34 (a) | 1050000 | &nbsp;&nbsp;&nbsp; 1114171 |
| Oriental Republic of Uruguay |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 09/10/60 | 1000000 | &nbsp;&nbsp;&nbsp; 905615 |
| Panama Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 03/17/28 | 900000 | &nbsp;&nbsp;&nbsp; 885053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 03/01/57 (a) | 1900000 | &nbsp;&nbsp;&nbsp; 2203654 |
| Peru Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 08/08/54 | 1000000 | &nbsp;&nbsp;&nbsp; 961839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 11/21/33 | 1450000 | &nbsp;&nbsp;&nbsp; 1752736 |
| Philippines Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 01/20/40 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 924303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 03/05/30 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1988484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/27/36 (a) | 800000 | &nbsp;&nbsp;&nbsp; 777313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/13/37 | 1740000 | &nbsp;&nbsp;&nbsp; 1679014 |
| Republic of Italy Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 10/17/29 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 956132 |
| Republic of Poland Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/18/54 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 1013708 |
| Svensk Exportkredit AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 10/04/30 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1033933 |
| Uruguay Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 10/27/27 | 600000 | &nbsp;&nbsp;&nbsp; 601443 |
|  |  | &nbsp;&nbsp;&nbsp; 42486139 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Foreign Government <br>(Cost $53,992,070) <br>|  | &nbsp;&nbsp;&nbsp; 51890567 |

---

**BHFTII-185**

------

**Brighthouse Funds Trust II**

**MetLife Aggregate Bond Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Non-Agency Mortgage-Backed Securities—0.8%**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Mortgage-Backed Securities — 0.8%** | **Commercial Mortgage-Backed Securities — 0.8%** | **Commercial Mortgage-Backed Securities — 0.8%** |
| Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.556%, 05/15/64 | 500000 | &nbsp;&nbsp;&nbsp; $450345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.758%, 09/15/62 | 161892 | &nbsp;&nbsp;&nbsp; 152710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.538%, 11/15/54 | 990433 | &nbsp;&nbsp;&nbsp; 976461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.407%, 11/15/61 (b) | 881000 | &nbsp;&nbsp;&nbsp; 878549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.355%, 10/15/57 (b) | 300000 | &nbsp;&nbsp;&nbsp; 300544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.106%, 06/15/57 (b) | 500000 | &nbsp;&nbsp;&nbsp; 524312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.356%, 06/15/57 (b) | 400000 | &nbsp;&nbsp;&nbsp; 413764 |
| Bank5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.769%, 06/15/57 | 1400000 | &nbsp;&nbsp;&nbsp; 1443646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.255%, 09/15/56 | 1558102 | &nbsp;&nbsp;&nbsp; 1601681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.260%, 04/15/56 (b) | 1000000 | &nbsp;&nbsp;&nbsp; 1024338 |
| Bank5 Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.753%, 01/15/58 | 1000000 | &nbsp;&nbsp;&nbsp; 1035977 |
| BBCMS Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.662%, 04/15/55 (b) | 730000 | &nbsp;&nbsp;&nbsp; 681068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 06/15/55 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1877799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.720%, 02/15/62 | 275000 | &nbsp;&nbsp;&nbsp; 287721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.829%, 05/15/57 | 350000 | &nbsp;&nbsp;&nbsp; 369027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.943%, 05/15/57 (b) | 560000 | &nbsp;&nbsp;&nbsp; 566555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.094%, 05/15/57 (b) | 200000 | &nbsp;&nbsp;&nbsp; 207585 |
| Benchmark Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.388%, 09/15/54 | 1150000 | &nbsp;&nbsp;&nbsp; 1016543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.666%, 01/15/51 (b) | 915000 | &nbsp;&nbsp;&nbsp; 902303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.228%, 05/15/56 (b) | 1500000 | &nbsp;&nbsp;&nbsp; 1563090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.363%, 07/15/56 (b) | 2500000 | &nbsp;&nbsp;&nbsp; 2586320 |
| CFCRE Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.585%, 12/10/54 | 787393 | &nbsp;&nbsp;&nbsp; 781986 |
| GS Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.658%, 02/13/53 | 1000000 | &nbsp;&nbsp;&nbsp; 946388 |
| Wells Fargo Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.092%, 07/15/53 | 450000 | &nbsp;&nbsp;&nbsp; 401569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.645%, 02/15/58 | 2050000 | &nbsp;&nbsp;&nbsp; 2134134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.044%, 02/15/58 (b) | 850000 | &nbsp;&nbsp;&nbsp; 870981 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Non-Agency Mortgage-Backed Securities <br>(Cost $24,014,315) <br>|  | &nbsp;&nbsp;&nbsp; 23995396 |
| **Municipals—0.5%** | **Municipals—0.5%** | **Municipals—0.5%** |
| California State University |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.897%, 11/01/51 | 310000 | &nbsp;&nbsp;&nbsp; 213519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.183%, 11/01/53 | 190000 | &nbsp;&nbsp;&nbsp; 176483 |
| Chicago O'Hare International Airport |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.572%, 01/01/54 | 395000 | &nbsp;&nbsp;&nbsp; 343168 |
| City of New York NY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.828%, 10/01/53 | 1000000 | &nbsp;&nbsp;&nbsp; 1014738 |
| Dallas Fort Worth International Airport |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.507%, 11/01/51 | 2500000 | &nbsp;&nbsp;&nbsp; 2126965 |
| &nbsp;&nbsp;&nbsp;&nbsp; Louisiana Local Government Environmental Facilities & <br> Community Development Authority<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.048%, 12/01/34 | 1000000 | &nbsp;&nbsp;&nbsp; 1024657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.198%, 12/01/39 | 1000000 | &nbsp;&nbsp;&nbsp; 1016785 |
| Municipal Electric Authority of Georgia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.637%, 04/01/57 | 853000 | &nbsp;&nbsp;&nbsp; 914444 |
| New Jersey Turnpike Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.414%, 01/01/40 | 1000000 | &nbsp;&nbsp;&nbsp; 1182025 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| New York City Municipal Water Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.440%, 06/15/43 | 300000 | &nbsp;&nbsp;&nbsp; $289158 |
| Oklahoma Development Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.380%, 11/01/45 | 2150000 | &nbsp;&nbsp;&nbsp; 2032931 |
| Port Authority of New York & New Jersey |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.458%, 10/01/62 | 1500000 | &nbsp;&nbsp;&nbsp; 1257312 |
| &nbsp;&nbsp;&nbsp;&nbsp; Regents of the University of California Medical Center Pooled <br> Revenue<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.006%, 05/15/50 | 1000000 | &nbsp;&nbsp;&nbsp; 655289 |
| State of California, General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/29 | 1000000 | &nbsp;&nbsp;&nbsp; 1017628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.300%, 10/01/39 | 1200000 | &nbsp;&nbsp;&nbsp; 1378557 |
| State of Illinois, General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 06/01/33 | 1073235 | &nbsp;&nbsp;&nbsp; 1093206 |
| Texas Natural Gas Securitization Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.169%, 04/01/41 | 450000 | &nbsp;&nbsp;&nbsp; 455752 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Municipals <br>(Cost $17,738,110) <br>|  | &nbsp;&nbsp;&nbsp; 16192617 |
| **Asset-Backed Securities—0.4%** | **Asset-Backed Securities—0.4%** | **Asset-Backed Securities—0.4%** |
| **Asset-Backed - Automobile — 0.2%** | **Asset-Backed - Automobile — 0.2%** | **Asset-Backed - Automobile — 0.2%** |
| CarMax Auto Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.480%, 03/15/30 | 1500000 | &nbsp;&nbsp;&nbsp; 1507509 |
| Carvana Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.210%, 06/10/30 | 2000000 | &nbsp;&nbsp;&nbsp; 2029477 |
| Ford Credit Auto Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, 10/15/30 | 1000000 | &nbsp;&nbsp;&nbsp; 995074 |
| Hyundai Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.320%, 10/15/29 | 500000 | &nbsp;&nbsp;&nbsp; 501418 |
| Nissan Auto Receivables Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 09/15/31 | 1000000 | &nbsp;&nbsp;&nbsp; 1002806 |
| World Omni Automobile Lease Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.420%, 04/17/28 | 500000 | &nbsp;&nbsp;&nbsp; 501826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.680%, 05/15/30 | 500000 | &nbsp;&nbsp;&nbsp; 501189 |
|  |  | &nbsp;&nbsp;&nbsp; 7039299 |
| **Asset-Backed - Credit Card — 0.1%** | **Asset-Backed - Credit Card — 0.1%** | **Asset-Backed - Credit Card — 0.1%** |
| American Express Credit Account Master Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.280%, 04/15/30 | 1100000 | &nbsp;&nbsp;&nbsp; 1104805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 09/16/30 | 2000000 | &nbsp;&nbsp;&nbsp; 2048373 |
| WF Card Issuance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.290%, 10/15/29 | 675000 | &nbsp;&nbsp;&nbsp; 677982 |
|  |  | &nbsp;&nbsp;&nbsp; 3831160 |
| **Asset-Backed - Other — 0.1%** | **Asset-Backed - Other — 0.1%** | **Asset-Backed - Other — 0.1%** |
| John Deere Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.230%, 09/17/29 | 500000 | &nbsp;&nbsp;&nbsp; 500337 |
| Verizon Master Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.420%, 08/20/30 | 2000000 | &nbsp;&nbsp;&nbsp; 1999858 |
|  |  | &nbsp;&nbsp;&nbsp; 2500195 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities <br>(Cost $13,329,559) <br>|  | &nbsp;&nbsp;&nbsp; 13370654 |

---

**BHFTII-186**

------

**Brighthouse Funds Trust II**

**MetLife Aggregate Bond Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Short-Term Investments—0.1%**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***/<br> **Shares**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **U.S. Treasury—0.1%** | **U.S. Treasury—0.1%** | **U.S. Treasury—0.1%** |
| U.S. Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.617%, 04/14/26 (c) | 4800000 | &nbsp;&nbsp;&nbsp; $4793708 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $4,793,731) <br>|  | &nbsp;&nbsp;&nbsp; 4793708 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (d)—7.6%** | **Securities Lending Reinvestments (d)—7.6%** | **Securities Lending Reinvestments (d)—7.6%** |
| **Short-Term Investment Funds—0.2%** | **Short-Term Investment Funds—0.2%** | **Short-Term Investment Funds—0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (e)<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br>Institutional Shares 3.530% (e)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
|  |  | &nbsp;&nbsp;&nbsp; 7000000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Certificates of Deposit—0.8%** | **Certificates of Deposit—0.8%** | **Certificates of Deposit—0.8%** |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 11/19/26 (b) | 1000000 | &nbsp;&nbsp;&nbsp; 1000380 |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.960%, SOFR + 0.330%, 07/22/26 (b) | 1000000 | &nbsp;&nbsp;&nbsp; 999990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.970%, SOFR + 0.340%, 09/21/26 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1999998 |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.760%, 05/12/26 | 3000000 | &nbsp;&nbsp;&nbsp; 2999907 |
| Commonwealth Bank of Australia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 04/13/26 (b) | 4000000 | &nbsp;&nbsp;&nbsp; 4000160 |
| Mitsubishi UFJ Trust & Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/12/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1984460 |
| Mizuho Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, SOFR + 0.220%, 04/10/26 (b) | 3000000 | &nbsp;&nbsp;&nbsp; 2999943 |
| Sumitomo Mitsui Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.820%, SOFR + 0.190%, 08/19/26 (b) | 1000000 | &nbsp;&nbsp;&nbsp; 999529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.980%, SOFR + 0.350%, 09/25/26 (b) | 1000000 | &nbsp;&nbsp;&nbsp; 1000096 |
| Sumitomo Mitsui Trust Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/15/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1983800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/23/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1981980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.820%, 04/27/26 | 2000000 | &nbsp;&nbsp;&nbsp; 2000013 |
| Svenska Handelsbanken AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.940%, SOFR + 0.310%, 09/25/26 (b) | 1000000 | &nbsp;&nbsp;&nbsp; 999900 |
|  |  | &nbsp;&nbsp;&nbsp; 24950156 |
| **Commercial Paper—0.7%** | **Commercial Paper—0.7%** | **Commercial Paper—0.7%** |
| Concord Minutemen Capital Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 06/18/26 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1999996 |
| ING U.S. Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.960%, SOFR + 0.330%, 09/18/26 (b) | 3000000 | &nbsp;&nbsp;&nbsp; 2999850 |
| Ionic Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.720%, 04/01/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1999784 |
| Old Line Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.780%, SOFR + 0.150%, 05/05/26 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1999976 |
| Salisbury Receivables Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 05/05/26 | 1000000 | &nbsp;&nbsp;&nbsp; 996147 |
| Verto Capital I-A LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.720%, 04/02/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1999578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.790%, 05/12/26 | 1000000 | &nbsp;&nbsp;&nbsp; 995457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 04/24/26 | 5000000 | &nbsp;&nbsp;&nbsp; 4987090 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Paper—(Continued)** | **Commercial Paper—(Continued)** | **Commercial Paper—(Continued)** |
| Westpac Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.030%, SOFR + 0.400%, 04/10/26 (b) | 3000000 | &nbsp;&nbsp;&nbsp; $3000177 |
|  |  | &nbsp;&nbsp;&nbsp; 20978055 |
| **Repurchase Agreements—5.7%** | **Repurchase Agreements—5.7%** | **Repurchase Agreements—5.7%** |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.770%, due on <br> 04/01/26 with a maturity value of $2,000,209; collateralized <br> by various Common Stock with an aggregate market value of <br> $2,229,200<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $11,001,115; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 0.000% - 5.000%, maturity dates ranging from <br> 06/30/26 - 02/15/54, and an aggregate market value of <br> $11,220,000<br>| 11000000 | &nbsp;&nbsp;&nbsp; 11000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.700%, due on <br> 04/01/26 with a maturity value of $1,500,154; collateralized <br> by various Common Stock with an aggregate market value of <br> $1,668,422<br>| 1500000 | &nbsp;&nbsp;&nbsp; 1500000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.770%, due on <br> 04/01/26 with a maturity value of $32,503,403; <br> collateralized by various Common Stock with an aggregate <br> market value of $36,149,134<br>| 32500000 | &nbsp;&nbsp;&nbsp; 32500000 |
| Citigroup Global Markets, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.690%, due on <br> 04/01/26 with a maturity value of $5,000,512; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.125% - <br> 6.125%, maturity dates ranging from 06/15/27 - 02/15/32, <br> and various Common Stock with an aggregate market value of <br> $5,100,066<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 4.130%, due on <br> 10/02/26 with a maturity value of $6,127,342; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.125% - <br> 6.125%, maturity dates ranging from 06/15/27 - 02/15/32, <br> and various Common Stock with an aggregate market value of <br> $6,120,079<br>| 6000000 | &nbsp;&nbsp;&nbsp; 6000000 |
| National Bank Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $6,125,643; collateralized <br> by various Common Stock with an aggregate market value of <br> $6,827,101<br>| 6125000 | &nbsp;&nbsp;&nbsp; 6125000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $6,100,640; collateralized <br> by U.S. Treasury Bond at 3.875%, maturing 02/15/43, and <br> various Common Stock with an aggregate market value of <br> $6,776,993<br>| 6100000 | &nbsp;&nbsp;&nbsp; 6100000 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $1,000,105; collateralized <br> by various Common Stock with an aggregate market value of <br> $1,114,629<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.800%, due on <br> 04/07/26 with a maturity value of $48,035,467; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 3.750% - 4.250%, maturity dates ranging from <br> 05/15/28 - 08/15/35, and various Common Stock with an <br> aggregate market value of $51,269,341<br>| 48000000 | &nbsp;&nbsp;&nbsp; 48000000 |

---

**BHFTII-187**

------

**Brighthouse Funds Trust II**

**MetLife Aggregate Bond Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Securities Lending Reinvestments (d)—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** |
| NatWest Markets Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $8,719,913; collateralized <br> by U.S. Treasury Obligations with rates ranging from 1.125% - <br> 4.875%, maturity dates ranging from 09/15/26 - 08/15/35, <br> and an aggregate market value of $8,894,312<br>| 8719029 | &nbsp;&nbsp;&nbsp; $8719029 |
| NBC Global Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.830%, due on <br> 04/07/26 with a maturity value of $45,033,512; <br> collateralized by various Common Stock with an aggregate <br> market value of $50,160,378<br>| 45000000 | &nbsp;&nbsp;&nbsp; 45000000 |
| Royal Bank of Canada Toronto |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.910%, due on <br> 05/05/26 with a maturity value of $8,030,411; collateralized <br> by various Common Stock with an aggregate market value of <br> $8,889,854<br>| 8000000 | &nbsp;&nbsp;&nbsp; 8000000 |
|  |  | &nbsp;&nbsp;&nbsp; 180944029 |
| **Time Deposits—0.2%** | **Time Deposits—0.2%** | **Time Deposits—0.2%** |
| Credit Agricole CIB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.630%, 04/01/26 | 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| DZ Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.710%, OBFR + 0.070% 04/07/26 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| Svenska NY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
|  |  | &nbsp;&nbsp;&nbsp; 8000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $241,873,258) <br>|  | &nbsp;&nbsp;&nbsp; 241872240 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—106.9% <br>(Cost $3,553,106,889) <br>|  | &nbsp;&nbsp;&nbsp; 3414031182 |
| Other assets and liabilities (net)—(6.9)%  |  | &nbsp;&nbsp;&nbsp; (220149824)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $3193881358 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Principal amount stated in U.S. dollars unless otherwise noted.

(a) All or a portion of the security was held on loan. As of March 31, 2026, the market value of 

---

| | |
|:---|:---|
|  | securities loaned was $550,640,429 and the collateral received consisted of cash in the <br> amount of $241,838,283 and non-cash collateral with a value of $329,479,838. The cash <br> collateral investments are disclosed in the Schedule of Investments and categorized as <br> Securities Lending Reinvestments. The non-cash collateral received consists of U.S. <br> government securities that are held in safe-keeping by the lending agent, or a third-party <br> custodian, and cannot be sold or repledged by the Portfolio.<br>|
| (b) | Variable or floating rate security. The stated rate represents the rate at March 31, 2026. <br> Maturity date shown for callable securities reflects the earliest possible call date. For <br> securities based on a published reference index and spread, the index and spread are <br> indicated in the description above. For certain variable rate securities, the coupon rate is <br> determined by the issuer/agent based on current market conditions. For certain asset- and <br> mortgage-backed securities, the coupon rate may fluctuate based on changes of the <br> underlying collateral or prepayments of principal. These securities do not indicate a reference <br> index and spread in their description above.<br>|
| (c) | The rate shown represents current yield to maturity. |
| (d) | Represents investment of cash collateral received from securities on loan as of March 31, <br> 2026.<br>|
| (e) | The rate shown represents the annualized seven-day yield as of March 31, 2026. |
| (144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These <br> securities may be resold in transactions exempt from registration, normally to qualified <br> institutional buyers. As of March 31, 2026, the market value of 144A securities was <br> $1,359,440, which is 0.0% of net assets.<br>|

---

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Total U.S. Treasury & Government Agencies\* | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1473271469 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1473271469 |
| Total Corporate Bonds & Notes\* | &nbsp;&nbsp; — | &nbsp;&nbsp; 803584756 | &nbsp;&nbsp; — | &nbsp;&nbsp; 803584756 |
| Total Agency Sponsored Mortgage-Backed Securities\* | &nbsp;&nbsp; — | &nbsp;&nbsp; 785059775 | &nbsp;&nbsp; — | &nbsp;&nbsp; 785059775 |
| Total Foreign Government\* | &nbsp;&nbsp; — | &nbsp;&nbsp; 51890567 | &nbsp;&nbsp; — | &nbsp;&nbsp; 51890567 |
| Total Non-Agency Mortgage-Backed Securities\* | &nbsp;&nbsp; — | &nbsp;&nbsp; 23995396 | &nbsp;&nbsp; — | &nbsp;&nbsp; 23995396 |
| Total Municipals\* | &nbsp;&nbsp; — | &nbsp;&nbsp; 16192617 | &nbsp;&nbsp; — | &nbsp;&nbsp; 16192617 |
| Total Asset-Backed Securities\* | &nbsp;&nbsp; — | &nbsp;&nbsp; 13370654 | &nbsp;&nbsp; — | &nbsp;&nbsp; 13370654 |
| Total Short-Term Investments\* | &nbsp;&nbsp; — | &nbsp;&nbsp; 4793708 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4793708 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp; 7000000 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 7000000 |

---

**BHFTII-188**

------

**Brighthouse Funds Trust II**

**MetLife Aggregate Bond Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Fair Value Hierarchy — (Continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificates of Deposit | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $24950156 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $24950156 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20978055 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20978055 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 180944029 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 180944029 |
| &nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8000000 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp; 234872240 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 241872240 |
| Total Investments | &nbsp;&nbsp;&nbsp; $7000000 | &nbsp;&nbsp;&nbsp; $3407031182 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $3414031182 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(241838283)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(241838283)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

**BHFTII-189**

------

**Brighthouse Funds Trust II**

**MetLife Mid Cap Stock Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—96.4% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Aerospace & Defense — 4.3%** | **Aerospace & Defense — 4.3%** | **Aerospace & Defense — 4.3%** |
| AeroVironment, Inc. (a) (b) | 10796 | &nbsp;&nbsp;&nbsp; $1976208 |
| ATI, Inc. (b) | 46109 | &nbsp;&nbsp;&nbsp; 6707015 |
| BWX Technologies, Inc.  | 31028 | &nbsp;&nbsp;&nbsp; 6344916 |
| Carpenter Technology Corp.  | 16905 | &nbsp;&nbsp;&nbsp; 6663106 |
| Curtiss-Wright Corp.  | 12513 | &nbsp;&nbsp;&nbsp; 8522854 |
| Hexcel Corp.  | 25748 | &nbsp;&nbsp;&nbsp; 2083786 |
| Kratos Defense & Security Solutions, Inc. (b) | 62654 | &nbsp;&nbsp;&nbsp; 4417733 |
| Moog, Inc. - Class A | 9648 | &nbsp;&nbsp;&nbsp; 2823391 |
| StandardAero, Inc. (b) | 64364 | &nbsp;&nbsp;&nbsp; 1662522 |
| Woodward, Inc.  | 20233 | &nbsp;&nbsp;&nbsp; 7241795 |
|  |  | &nbsp;&nbsp;&nbsp; 48443326 |
| **Air Freight & Logistics — 0.2%** | **Air Freight & Logistics — 0.2%** | **Air Freight & Logistics — 0.2%** |
| GXO Logistics, Inc. (b) | 38862 | &nbsp;&nbsp;&nbsp; 2014995 |
| **Automobile Components — 1.0%** | **Automobile Components — 1.0%** | **Automobile Components — 1.0%** |
| Autoliv, Inc.  | 23325 | &nbsp;&nbsp;&nbsp; 2452857 |
| BorgWarner, Inc.  | 70267 | &nbsp;&nbsp;&nbsp; 3812688 |
| Gentex Corp.  | 74304 | &nbsp;&nbsp;&nbsp; 1623542 |
| Goodyear Tire & Rubber Co. (b) | 97145 | &nbsp;&nbsp;&nbsp; 644071 |
| Lear Corp.  | 17215 | &nbsp;&nbsp;&nbsp; 2084392 |
| Visteon Corp. (a) | 9260 | &nbsp;&nbsp;&nbsp; 843679 |
|  |  | &nbsp;&nbsp;&nbsp; 11461229 |
| **Automobiles — 0.2%** | **Automobiles — 0.2%** | **Automobiles — 0.2%** |
| Harley-Davidson, Inc.  | 40094 | &nbsp;&nbsp;&nbsp; 810701 |
| Thor Industries, Inc. (a) | 17932 | &nbsp;&nbsp;&nbsp; 1432587 |
|  |  | &nbsp;&nbsp;&nbsp; 2243288 |
| **Banks — 5.7%** | **Banks — 5.7%** | **Banks — 5.7%** |
| Associated Banc-Corp.  | 55523 | &nbsp;&nbsp;&nbsp; 1435825 |
| Bank OZK (a) | 35213 | &nbsp;&nbsp;&nbsp; 1615925 |
| Columbia Banking System, Inc.  | 100259 | &nbsp;&nbsp;&nbsp; 2750104 |
| Commerce Bancshares, Inc. (a) | 46508 | &nbsp;&nbsp;&nbsp; 2288194 |
| Cullen/Frost Bankers, Inc.  | 21449 | &nbsp;&nbsp;&nbsp; 2940229 |
| East West Bancorp, Inc.  | 46693 | &nbsp;&nbsp;&nbsp; 4984945 |
| First Financial Bankshares, Inc. (a) | 44228 | &nbsp;&nbsp;&nbsp; 1302515 |
| First Horizon Corp.  | 164597 | &nbsp;&nbsp;&nbsp; 3746228 |
| Flagstar Bank NA | 101645 | &nbsp;&nbsp;&nbsp; 1338665 |
| FNB Corp.  | 121260 | &nbsp;&nbsp;&nbsp; 2027467 |
| Glacier Bancorp, Inc. (a) | 43668 | &nbsp;&nbsp;&nbsp; 1950649 |
| Hancock Whitney Corp.  | 27916 | &nbsp;&nbsp;&nbsp; 1775178 |
| Home BancShares, Inc.  | 62085 | &nbsp;&nbsp;&nbsp; 1671949 |
| International Bancshares Corp.  | 18354 | &nbsp;&nbsp;&nbsp; 1235041 |
| Old National Bancorp (a) | 117695 | &nbsp;&nbsp;&nbsp; 2601059 |
| Pinnacle Financial Partners, Inc.  | 51090 | &nbsp;&nbsp;&nbsp; 4400893 |
| Prosperity Bancshares, Inc.  | 34291 | &nbsp;&nbsp;&nbsp; 2303669 |
| Southstate Bank Corp.  | 33645 | &nbsp;&nbsp;&nbsp; 3112835 |
| Texas Capital Bancshares, Inc. (b) | 14992 | &nbsp;&nbsp;&nbsp; 1422441 |
| UMB Financial Corp.  | 24232 | &nbsp;&nbsp;&nbsp; 2733127 |
| United Bankshares, Inc.  | 47360 | &nbsp;&nbsp;&nbsp; 1961651 |
| Valley National Bancorp | 162456 | &nbsp;&nbsp;&nbsp; 1994960 |
| Webster Financial Corp.  | 54719 | &nbsp;&nbsp;&nbsp; 3798593 |
| Western Alliance Bancorp | 34852 | &nbsp;&nbsp;&nbsp; 2469264 |
| Wintrust Financial Corp.  | 22730 | &nbsp;&nbsp;&nbsp; 3158106 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| Zions Bancorp NA | 50110 | &nbsp;&nbsp;&nbsp; $2887338 |
|  |  | &nbsp;&nbsp;&nbsp; 63906850 |
| **Beverages — 0.6%** | **Beverages — 0.6%** | **Beverages — 0.6%** |
| Boston Beer Co., Inc. - Class A (b) | 2611 | &nbsp;&nbsp;&nbsp; 601574 |
| Celsius Holdings, Inc. (a) (b) | 54241 | &nbsp;&nbsp;&nbsp; 1924471 |
| Coca-Cola Consolidated, Inc.  | 19198 | &nbsp;&nbsp;&nbsp; 3681025 |
|  |  | &nbsp;&nbsp;&nbsp; 6207070 |
| **Biotechnology — 3.0%** | **Biotechnology — 3.0%** | **Biotechnology — 3.0%** |
| Arrowhead Pharmaceuticals, Inc. (b) | 47523 | &nbsp;&nbsp;&nbsp; 2979692 |
| BioMarin Pharmaceutical, Inc. (b) | 65199 | &nbsp;&nbsp;&nbsp; 3683091 |
| Cytokinetics, Inc. (b) | 41493 | &nbsp;&nbsp;&nbsp; 2734804 |
| Exelixis, Inc. (b) | 88139 | &nbsp;&nbsp;&nbsp; 3780282 |
| Halozyme Therapeutics, Inc. (b) | 39909 | &nbsp;&nbsp;&nbsp; 2579319 |
| Neurocrine Biosciences, Inc. (b) | 34061 | &nbsp;&nbsp;&nbsp; 4487196 |
| Roivant Sciences Ltd. (b) | 153022 | &nbsp;&nbsp;&nbsp; 4238709 |
| United Therapeutics Corp. (b) | 14613 | &nbsp;&nbsp;&nbsp; 8665217 |
|  |  | &nbsp;&nbsp;&nbsp; 33148310 |
| **Broadline Retail — 0.3%** | **Broadline Retail — 0.3%** | **Broadline Retail — 0.3%** |
| Macy's, Inc.  | 90234 | &nbsp;&nbsp;&nbsp; 1632333 |
| Ollie's Bargain Outlet Holdings, Inc. (b) | 20815 | &nbsp;&nbsp;&nbsp; 1915813 |
|  |  | &nbsp;&nbsp;&nbsp; 3548146 |
| **Building Products — 1.8%** | **Building Products — 1.8%** | **Building Products — 1.8%** |
| AAON, Inc. (a) | 22965 | &nbsp;&nbsp;&nbsp; 1900354 |
| Advanced Drainage Systems, Inc.  | 24321 | &nbsp;&nbsp;&nbsp; 3335139 |
| Carlisle Cos., Inc.  | 13844 | &nbsp;&nbsp;&nbsp; 4618635 |
| Fortune Brands Innovations, Inc.  | 40772 | &nbsp;&nbsp;&nbsp; 1588885 |
| Owens Corning | 27894 | &nbsp;&nbsp;&nbsp; 3018689 |
| Simpson Manufacturing Co., Inc.  | 14070 | &nbsp;&nbsp;&nbsp; 2414693 |
| Trex Co., Inc. (b) | 36399 | &nbsp;&nbsp;&nbsp; 1325652 |
| UFP Industries, Inc.  | 19771 | &nbsp;&nbsp;&nbsp; 1821304 |
|  |  | &nbsp;&nbsp;&nbsp; 20023351 |
| **Capital Markets — 2.5%** | **Capital Markets — 2.5%** | **Capital Markets — 2.5%** |
| Affiliated Managers Group, Inc.  | 9547 | &nbsp;&nbsp;&nbsp; 2641655 |
| Carlyle Group, Inc.  | 88066 | &nbsp;&nbsp;&nbsp; 4261514 |
| Evercore, Inc. - Class A | 13127 | &nbsp;&nbsp;&nbsp; 3918541 |
| Federated Hermes, Inc.  | 25080 | &nbsp;&nbsp;&nbsp; 1422287 |
| Hamilton Lane, Inc. - Class A | 13868 | &nbsp;&nbsp;&nbsp; 1378479 |
| Houlihan Lokey, Inc.  | 18446 | &nbsp;&nbsp;&nbsp; 2649214 |
| Janus Henderson Group PLC | 41831 | &nbsp;&nbsp;&nbsp; 2148858 |
| Jefferies Financial Group, Inc.  | 56116 | &nbsp;&nbsp;&nbsp; 2315907 |
| Morningstar, Inc.  | 7792 | &nbsp;&nbsp;&nbsp; 1317238 |
| SEI Investments Co.  | 31526 | &nbsp;&nbsp;&nbsp; 2473845 |
| Stifel Financial Corp.  | 51753 | &nbsp;&nbsp;&nbsp; 3825582 |
|  |  | &nbsp;&nbsp;&nbsp; 28353120 |
| **Chemicals — 1.7%** | **Chemicals — 1.7%** | **Chemicals — 1.7%** |
| Ashland, Inc.  | 15530 | &nbsp;&nbsp;&nbsp; 863623 |
| Avient Corp.  | 31074 | &nbsp;&nbsp;&nbsp; 1127986 |
| Axalta Coating Systems Ltd. (b) | 72423 | &nbsp;&nbsp;&nbsp; 2006117 |
| Cabot Corp.  | 17722 | &nbsp;&nbsp;&nbsp; 1334644 |

---

**BHFTII-190**

------

**Brighthouse Funds Trust II**

**MetLife Mid Cap Stock Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Chemicals—(Continued)** | **Chemicals—(Continued)** | **Chemicals—(Continued)** |
| NewMarket Corp.  | 2647 | &nbsp;&nbsp;&nbsp; $1696595 |
| Olin Corp.  | 38553 | &nbsp;&nbsp;&nbsp; 1146181 |
| RPM International, Inc.  | 43466 | &nbsp;&nbsp;&nbsp; 4320520 |
| Scotts Miracle-Gro Co.  | 15167 | &nbsp;&nbsp;&nbsp; 922305 |
| Solstice Advanced Materials, Inc.  | 53875 | &nbsp;&nbsp;&nbsp; 4103120 |
| Westlake Corp.  | 11318 | &nbsp;&nbsp;&nbsp; 1322169 |
|  |  | &nbsp;&nbsp;&nbsp; 18843260 |
| **Commercial Services & Supplies — 1.5%** | **Commercial Services & Supplies — 1.5%** | **Commercial Services & Supplies — 1.5%** |
| Brink's Co.  | 14100 | &nbsp;&nbsp;&nbsp; 1461183 |
| Clean Harbors, Inc. (b) | 17046 | &nbsp;&nbsp;&nbsp; 4887600 |
| MSA Safety, Inc. (a) | 12370 | &nbsp;&nbsp;&nbsp; 2028062 |
| RB Global, Inc.  | 63019 | &nbsp;&nbsp;&nbsp; 6040371 |
| Tetra Tech, Inc.  | 88512 | &nbsp;&nbsp;&nbsp; 2665981 |
|  |  | &nbsp;&nbsp;&nbsp; 17083197 |
| **Construction & Engineering — 2.5%** | **Construction & Engineering — 2.5%** | **Construction & Engineering — 2.5%** |
| AECOM | 43877 | &nbsp;&nbsp;&nbsp; 3721647 |
| API Group Corp. (b) | 130220 | &nbsp;&nbsp;&nbsp; 5276514 |
| Dycom Industries, Inc. (b) | 10170 | &nbsp;&nbsp;&nbsp; 3445799 |
| Fluor Corp. (b) | 54701 | &nbsp;&nbsp;&nbsp; 2551802 |
| MasTec, Inc. (b) | 20817 | &nbsp;&nbsp;&nbsp; 6697662 |
| Sterling Infrastructure, Inc. (b) | 10426 | &nbsp;&nbsp;&nbsp; 4246197 |
| Valmont Industries, Inc.  | 6686 | &nbsp;&nbsp;&nbsp; 2671525 |
|  |  | &nbsp;&nbsp;&nbsp; 28611146 |
| **Construction Materials — 0.3%** | **Construction Materials — 0.3%** | **Construction Materials — 0.3%** |
| Eagle Materials, Inc.  | 10667 | &nbsp;&nbsp;&nbsp; 2020863 |
| Knife River Corp. (a) (b) | 19230 | &nbsp;&nbsp;&nbsp; 1570130 |
|  |  | &nbsp;&nbsp;&nbsp; 3590993 |
| **Consumer Finance — 0.7%** | **Consumer Finance — 0.7%** | **Consumer Finance — 0.7%** |
| Ally Financial, Inc.  | 95272 | &nbsp;&nbsp;&nbsp; 3737521 |
| FirstCash Holdings, Inc.  | 13136 | &nbsp;&nbsp;&nbsp; 2469568 |
| SLM Corp.  | 67603 | &nbsp;&nbsp;&nbsp; 1447380 |
|  |  | &nbsp;&nbsp;&nbsp; 7654469 |
| **Consumer Staples Distribution & Retail — 2.9%** | **Consumer Staples Distribution & Retail — 2.9%** | **Consumer Staples Distribution & Retail — 2.9%** |
| Albertsons Cos., Inc. - Class A | 125575 | &nbsp;&nbsp;&nbsp; 2139798 |
| BJ's Wholesale Club Holdings, Inc. (b) | 44406 | &nbsp;&nbsp;&nbsp; 4370438 |
| Casey's General Stores, Inc.  | 12580 | &nbsp;&nbsp;&nbsp; 9156479 |
| Maplebear, Inc. (b) | 62368 | &nbsp;&nbsp;&nbsp; 2336305 |
| Performance Food Group Co. (b) | 53315 | &nbsp;&nbsp;&nbsp; 4566963 |
| Sprouts Farmers Market, Inc. (b) | 33044 | &nbsp;&nbsp;&nbsp; 2548684 |
| U.S. Foods Holding Corp. (b) | 74847 | &nbsp;&nbsp;&nbsp; 6901642 |
|  |  | &nbsp;&nbsp;&nbsp; 32020309 |
| **Containers & Packaging — 1.0%** | **Containers & Packaging — 1.0%** | **Containers & Packaging — 1.0%** |
| AptarGroup, Inc.  | 21849 | &nbsp;&nbsp;&nbsp; 2753411 |
| Crown Holdings, Inc.  | 38041 | &nbsp;&nbsp;&nbsp; 3813610 |
| Graphic Packaging Holding Co.  | 100159 | &nbsp;&nbsp;&nbsp; 995580 |
| Greif, Inc. - Class A | 8400 | &nbsp;&nbsp;&nbsp; 563388 |
| Silgan Holdings, Inc. (a) | 29764 | &nbsp;&nbsp;&nbsp; 1154843 |
| Sonoco Products Co.  | 33473 | &nbsp;&nbsp;&nbsp; 1810555 |
|  |  | &nbsp;&nbsp;&nbsp; 11091387 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Diversified Consumer Services — 0.8%** | **Diversified Consumer Services — 0.8%** | **Diversified Consumer Services — 0.8%** |
| Duolingo, Inc. (b) | 13580 | &nbsp;&nbsp;&nbsp; $1338581 |
| Graham Holdings Co. - Class B | 1154 | &nbsp;&nbsp;&nbsp; 1220078 |
| Grand Canyon Education, Inc. (b) | 9377 | &nbsp;&nbsp;&nbsp; 1594371 |
| H&R Block, Inc.  | 43019 | &nbsp;&nbsp;&nbsp; 1365423 |
| Service Corp. International | 47249 | &nbsp;&nbsp;&nbsp; 3898515 |
|  |  | &nbsp;&nbsp;&nbsp; 9416968 |
| **Diversified REITs — 0.5%** | **Diversified REITs — 0.5%** | **Diversified REITs — 0.5%** |
| WP Carey, Inc.  | 74373 | &nbsp;&nbsp;&nbsp; 5054389 |
| **Electric Utilities — 0.9%** | **Electric Utilities — 0.9%** | **Electric Utilities — 0.9%** |
| IDACORP, Inc. (a) | 18342 | &nbsp;&nbsp;&nbsp; 2622356 |
| OGE Energy Corp.  | 69732 | &nbsp;&nbsp;&nbsp; 3344347 |
| Portland General Electric Co.  | 38176 | &nbsp;&nbsp;&nbsp; 2014547 |
| TXNM Energy, Inc.  | 33268 | &nbsp;&nbsp;&nbsp; 1944847 |
|  |  | &nbsp;&nbsp;&nbsp; 9926097 |
| **Electrical Equipment — 2.2%** | **Electrical Equipment — 2.2%** | **Electrical Equipment — 2.2%** |
| Acuity, Inc.  | 10339 | &nbsp;&nbsp;&nbsp; 2897195 |
| EnerSys | 12506 | &nbsp;&nbsp;&nbsp; 2172542 |
| Nextpower, Inc. - Class A (b) | 50389 | &nbsp;&nbsp;&nbsp; 6074394 |
| nVent Electric PLC | 54762 | &nbsp;&nbsp;&nbsp; 6477249 |
| Regal Rexnord Corp.  | 22535 | &nbsp;&nbsp;&nbsp; 4219904 |
| Sensata Technologies Holding PLC | 49440 | &nbsp;&nbsp;&nbsp; 1741277 |
| Vicor Corp. (b) | 7710 | &nbsp;&nbsp;&nbsp; 1241310 |
|  |  | &nbsp;&nbsp;&nbsp; 24823871 |
| **Electronic Equipment, Instruments & Components — 3.8%** | **Electronic Equipment, Instruments & Components — 3.8%** | **Electronic Equipment, Instruments & Components — 3.8%** |
| Advanced Energy Industries, Inc.  | 12810 | &nbsp;&nbsp;&nbsp; 4133915 |
| Arrow Electronics, Inc. (b) | 17337 | &nbsp;&nbsp;&nbsp; 2486299 |
| Avnet, Inc.  | 27782 | &nbsp;&nbsp;&nbsp; 1711927 |
| Belden, Inc. (a) | 13337 | &nbsp;&nbsp;&nbsp; 1531488 |
| Cognex Corp.  | 56237 | &nbsp;&nbsp;&nbsp; 2755051 |
| Crane NXT Co. (a) | 16759 | &nbsp;&nbsp;&nbsp; 680248 |
| Fabrinet (b) | 12159 | &nbsp;&nbsp;&nbsp; 6341162 |
| Flex Ltd. (b) | 124780 | &nbsp;&nbsp;&nbsp; 8168099 |
| IPG Photonics Corp. (b) | 8578 | &nbsp;&nbsp;&nbsp; 982953 |
| Littelfuse, Inc.  | 8451 | &nbsp;&nbsp;&nbsp; 2867847 |
| Novanta, Inc. (b) | 12141 | &nbsp;&nbsp;&nbsp; 1433973 |
| TD SYNNEX Corp.  | 25447 | &nbsp;&nbsp;&nbsp; 4293163 |
| TTM Technologies, Inc. (b) | 35068 | &nbsp;&nbsp;&nbsp; 3416324 |
| Vontier Corp.  | 48055 | &nbsp;&nbsp;&nbsp; 1704511 |
|  |  | &nbsp;&nbsp;&nbsp; 42506960 |
| **Energy Equipment & Services — 1.4%** | **Energy Equipment & Services — 1.4%** | **Energy Equipment & Services — 1.4%** |
| NOV, Inc.  | 122313 | &nbsp;&nbsp;&nbsp; 2300707 |
| TechnipFMC PLC | 137284 | &nbsp;&nbsp;&nbsp; 9490443 |
| Valaris Ltd. (b) | 21850 | &nbsp;&nbsp;&nbsp; 2142174 |
| Weatherford International PLC | 24339 | &nbsp;&nbsp;&nbsp; 2301983 |
|  |  | &nbsp;&nbsp;&nbsp; 16235307 |
| **Entertainment — 0.1%** | **Entertainment — 0.1%** | **Entertainment — 0.1%** |
| Warner Music Group Corp. - Class A | 49876 | &nbsp;&nbsp;&nbsp; 1273833 |
| **Financial Services — 1.4%** | **Financial Services — 1.4%** | **Financial Services — 1.4%** |
| Corebridge Financial, Inc.  | 86640 | &nbsp;&nbsp;&nbsp; 2067230 |

---

**BHFTII-191**

------

**Brighthouse Funds Trust II**

**MetLife Mid Cap Stock Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Financial Services—(Continued)** | **Financial Services—(Continued)** | **Financial Services—(Continued)** |
| Equitable Holdings, Inc.  | 96145 | &nbsp;&nbsp;&nbsp; $3567941 |
| Essent Group Ltd.  | 32395 | &nbsp;&nbsp;&nbsp; 1893164 |
| Euronet Worldwide, Inc. (a) (b) | 13270 | &nbsp;&nbsp;&nbsp; 880730 |
| MGIC Investment Corp.  | 74448 | &nbsp;&nbsp;&nbsp; 1954260 |
| Shift4 Payments, Inc. - Class A (a) (b) | 22929 | &nbsp;&nbsp;&nbsp; 1002685 |
| Voya Financial, Inc.  | 31901 | &nbsp;&nbsp;&nbsp; 2179476 |
| WEX, Inc. (b) | 11637 | &nbsp;&nbsp;&nbsp; 1780927 |
|  |  | &nbsp;&nbsp;&nbsp; 15326413 |
| **Food Products — 0.8%** | **Food Products — 0.8%** | **Food Products — 0.8%** |
| Darling Ingredients, Inc. (b) | 53684 | &nbsp;&nbsp;&nbsp; 3320355 |
| Flowers Foods, Inc.  | 71668 | &nbsp;&nbsp;&nbsp; 584094 |
| Ingredion, Inc.  | 21381 | &nbsp;&nbsp;&nbsp; 2408784 |
| Marzetti Co.  | 6887 | &nbsp;&nbsp;&nbsp; 952679 |
| Pilgrim's Pride Corp.  | 14511 | &nbsp;&nbsp;&nbsp; 547935 |
| Post Holdings, Inc. (a) (b) | 14322 | &nbsp;&nbsp;&nbsp; 1415873 |
|  |  | &nbsp;&nbsp;&nbsp; 9229720 |
| **Gas Utilities — 1.2%** | **Gas Utilities — 1.2%** | **Gas Utilities — 1.2%** |
| National Fuel Gas Co.  | 32248 | &nbsp;&nbsp;&nbsp; 3030022 |
| New Jersey Resources Corp.  | 34224 | &nbsp;&nbsp;&nbsp; 1879582 |
| ONE Gas, Inc.  | 20362 | &nbsp;&nbsp;&nbsp; 1753779 |
| Southwest Gas Holdings, Inc.  | 21802 | &nbsp;&nbsp;&nbsp; 1894594 |
| Spire, Inc.  | 20056 | &nbsp;&nbsp;&nbsp; 1815870 |
| UGI Corp.  | 72842 | &nbsp;&nbsp;&nbsp; 2652906 |
|  |  | &nbsp;&nbsp;&nbsp; 13026753 |
| **Ground Transportation — 1.7%** | **Ground Transportation — 1.7%** | **Ground Transportation — 1.7%** |
| Avis Budget Group, Inc. (a) (b) | 5733 | &nbsp;&nbsp;&nbsp; 836158 |
| Knight-Swift Transportation Holdings, Inc.  | 55094 | &nbsp;&nbsp;&nbsp; 3172313 |
| Landstar System, Inc.  | 11559 | &nbsp;&nbsp;&nbsp; 1853023 |
| Ryder System, Inc.  | 13381 | &nbsp;&nbsp;&nbsp; 2739224 |
| Saia, Inc. (b) (c) | 9042 | &nbsp;&nbsp;&nbsp; 3176274 |
| XPO, Inc. (a) (b) | 39757 | &nbsp;&nbsp;&nbsp; 7734724 |
|  |  | &nbsp;&nbsp;&nbsp; 19511716 |
| **Health Care Equipment & Supplies — 1.5%** | **Health Care Equipment & Supplies — 1.5%** | **Health Care Equipment & Supplies — 1.5%** |
| Dentsply Sirona, Inc.  | 67723 | &nbsp;&nbsp;&nbsp; 785587 |
| Envista Holdings Corp. (b) | 55615 | &nbsp;&nbsp;&nbsp; 1410952 |
| Globus Medical, Inc. - Class A (b) | 37809 | &nbsp;&nbsp;&nbsp; 3257623 |
| Haemonetics Corp. (b) | 15771 | &nbsp;&nbsp;&nbsp; 888854 |
| Lantheus Holdings, Inc. (b) | 22504 | &nbsp;&nbsp;&nbsp; 1706928 |
| LivaNova PLC (b) | 18532 | &nbsp;&nbsp;&nbsp; 1177894 |
| Masimo Corp. (b) | 15495 | &nbsp;&nbsp;&nbsp; 2756096 |
| Penumbra, Inc. (b) | 13314 | &nbsp;&nbsp;&nbsp; 4371918 |
|  |  | &nbsp;&nbsp;&nbsp; 16355852 |
| **Health Care Providers & Services — 1.8%** | **Health Care Providers & Services — 1.8%** | **Health Care Providers & Services — 1.8%** |
| Chemed Corp.  | 4807 | &nbsp;&nbsp;&nbsp; 1815796 |
| Encompass Health Corp.  | 34146 | &nbsp;&nbsp;&nbsp; 3302943 |
| Ensign Group, Inc.  | 19574 | &nbsp;&nbsp;&nbsp; 3944161 |
| HealthEquity, Inc. (b) | 28995 | &nbsp;&nbsp;&nbsp; 2423112 |
| Hims & Hers Health, Inc. (a) (b) | 70694 | &nbsp;&nbsp;&nbsp; 1467608 |
| Option Care Health, Inc. (b) | 53870 | &nbsp;&nbsp;&nbsp; 1450180 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Health Care Providers & Services—(Continued)** | **Health Care Providers & Services—(Continued)** | **Health Care Providers & Services—(Continued)** |
| Tenet Healthcare Corp. (b) | 29826 | &nbsp;&nbsp;&nbsp; $5628464 |
|  |  | &nbsp;&nbsp;&nbsp; 20032264 |
| **Health Care REITs — 1.2%** | **Health Care REITs — 1.2%** | **Health Care REITs — 1.2%** |
| American Healthcare REIT, Inc. (a) | 60209 | &nbsp;&nbsp;&nbsp; 2839456 |
| CareTrust REIT, Inc.  | 75818 | &nbsp;&nbsp;&nbsp; 2778730 |
| Healthcare Realty Trust, Inc.  | 118391 | &nbsp;&nbsp;&nbsp; 2011463 |
| Omega Healthcare Investors, Inc.  | 100309 | &nbsp;&nbsp;&nbsp; 4395540 |
| Sabra Health Care REIT, Inc.  | 85572 | &nbsp;&nbsp;&nbsp; 1645550 |
|  |  | &nbsp;&nbsp;&nbsp; 13670739 |
| **Health Care Technology — 0.1%** | **Health Care Technology — 0.1%** | **Health Care Technology — 0.1%** |
| Doximity, Inc. - Class A (b) | 45412 | &nbsp;&nbsp;&nbsp; 1058100 |
| **Hotel & Resort REITs — 0.1%** | **Hotel & Resort REITs — 0.1%** | **Hotel & Resort REITs — 0.1%** |
| Park Hotels & Resorts, Inc.  | 67840 | &nbsp;&nbsp;&nbsp; 714355 |
| **Hotels, Restaurants & Leisure — 2.5%** | **Hotels, Restaurants & Leisure — 2.5%** | **Hotels, Restaurants & Leisure — 2.5%** |
| Aramark | 89200 | &nbsp;&nbsp;&nbsp; 3616168 |
| Boyd Gaming Corp. (a) | 19619 | &nbsp;&nbsp;&nbsp; 1612289 |
| Cava Group, Inc. (a) (b) | 33852 | &nbsp;&nbsp;&nbsp; 2738627 |
| Choice Hotels International, Inc. (a) | 7014 | &nbsp;&nbsp;&nbsp; 725949 |
| Churchill Downs, Inc.  | 22481 | &nbsp;&nbsp;&nbsp; 2019468 |
| Dutch Bros, Inc. - Class A (b) | 43111 | &nbsp;&nbsp;&nbsp; 2184003 |
| Hilton Grand Vacations, Inc. (b) | 20321 | &nbsp;&nbsp;&nbsp; 794958 |
| Hyatt Hotels Corp. - Class A (a) | 14028 | &nbsp;&nbsp;&nbsp; 2017086 |
| Planet Fitness, Inc. - Class A (b) | 28162 | &nbsp;&nbsp;&nbsp; 2094690 |
| Texas Roadhouse, Inc.  | 22448 | &nbsp;&nbsp;&nbsp; 3707063 |
| Travel & Leisure Co.  | 21830 | &nbsp;&nbsp;&nbsp; 1510418 |
| Vail Resorts, Inc. (a) | 12142 | &nbsp;&nbsp;&nbsp; 1558061 |
| Wingstop, Inc. (a) | 9430 | &nbsp;&nbsp;&nbsp; 1461367 |
| Wyndham Hotels & Resorts, Inc.  | 25640 | &nbsp;&nbsp;&nbsp; 2082737 |
|  |  | &nbsp;&nbsp;&nbsp; 28122884 |
| **Household Durables — 1.5%** | **Household Durables — 1.5%** | **Household Durables — 1.5%** |
| KB Home | 21439 | &nbsp;&nbsp;&nbsp; 1109468 |
| Somnigroup International, Inc.  | 71237 | &nbsp;&nbsp;&nbsp; 5265839 |
| Taylor Morrison Home Corp. (b) | 33165 | &nbsp;&nbsp;&nbsp; 1931530 |
| Toll Brothers, Inc.  | 32156 | &nbsp;&nbsp;&nbsp; 4388329 |
| TopBuild Corp. (a) (b) | 9473 | &nbsp;&nbsp;&nbsp; 3327865 |
| Whirlpool Corp. (a) | 21517 | &nbsp;&nbsp;&nbsp; 1160197 |
|  |  | &nbsp;&nbsp;&nbsp; 17183228 |
| **Independent Power and Renewable Electricity Producers — 0.6%** | **Independent Power and Renewable Electricity Producers — 0.6%** | **Independent Power and Renewable Electricity Producers — 0.6%** |
| Ormat Technologies, Inc.  | 20628 | &nbsp;&nbsp;&nbsp; 2308686 |
| Talen Energy Corp. (b) | 15506 | &nbsp;&nbsp;&nbsp; 4949980 |
|  |  | &nbsp;&nbsp;&nbsp; 7258666 |
| **Industrial REITs — 1.0%** | **Industrial REITs — 1.0%** | **Industrial REITs — 1.0%** |
| EastGroup Properties, Inc.  | 18070 | &nbsp;&nbsp;&nbsp; 3344576 |
| First Industrial Realty Trust, Inc.  | 44975 | &nbsp;&nbsp;&nbsp; 2601804 |
| Rexford Industrial Realty, Inc.  | 78131 | &nbsp;&nbsp;&nbsp; 2557228 |
| STAG Industrial, Inc.  | 64833 | &nbsp;&nbsp;&nbsp; 2337878 |
|  |  | &nbsp;&nbsp;&nbsp; 10841486 |

---

**BHFTII-192**

------

**Brighthouse Funds Trust II**

**MetLife Mid Cap Stock Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Insurance — 3.5%** | **Insurance — 3.5%** | **Insurance — 3.5%** |
| American Financial Group, Inc.  | 23493 | &nbsp;&nbsp;&nbsp; $3000291 |
| Brighthouse Financial, Inc. (b) (d) | 19406 | &nbsp;&nbsp;&nbsp; 1162031 |
| CNO Financial Group, Inc.  | 32071 | &nbsp;&nbsp;&nbsp; 1316835 |
| Fidelity National Financial, Inc.  | 86560 | &nbsp;&nbsp;&nbsp; 4014653 |
| First American Financial Corp.  | 34582 | &nbsp;&nbsp;&nbsp; 2084949 |
| Hanover Insurance Group, Inc.  | 12014 | &nbsp;&nbsp;&nbsp; 2082627 |
| Kinsale Capital Group, Inc. (a) | 7500 | &nbsp;&nbsp;&nbsp; 2562450 |
| Old Republic International Corp.  | 77260 | &nbsp;&nbsp;&nbsp; 3082674 |
| Primerica, Inc.  | 10832 | &nbsp;&nbsp;&nbsp; 2713199 |
| Reinsurance Group of America, Inc.  | 22302 | &nbsp;&nbsp;&nbsp; 4553176 |
| RenaissanceRe Holdings Ltd.  | 14759 | &nbsp;&nbsp;&nbsp; 4386818 |
| RLI Corp.  | 31167 | &nbsp;&nbsp;&nbsp; 1777766 |
| Ryan Specialty Holdings, Inc. (a) | 38706 | &nbsp;&nbsp;&nbsp; 1305940 |
| Selective Insurance Group, Inc.  | 20390 | &nbsp;&nbsp;&nbsp; 1537202 |
| Unum Group | 51735 | &nbsp;&nbsp;&nbsp; 3778207 |
|  |  | &nbsp;&nbsp;&nbsp; 39358818 |
| **Interactive Media & Services — 0.3%** | **Interactive Media & Services — 0.3%** | **Interactive Media & Services — 0.3%** |
| Pinterest, Inc. - Class A (b) | 198691 | &nbsp;&nbsp;&nbsp; 3643993 |
| **IT Services — 1.1%** | **IT Services — 1.1%** | **IT Services — 1.1%** |
| Kyndryl Holdings, Inc. (b) | 77569 | &nbsp;&nbsp;&nbsp; 1017705 |
| Okta, Inc. (b) | 57510 | &nbsp;&nbsp;&nbsp; 4526612 |
| Twilio, Inc. - Class A (b) | 51454 | &nbsp;&nbsp;&nbsp; 6473943 |
|  |  | &nbsp;&nbsp;&nbsp; 12018260 |
| **Leisure Products — 0.5%** | **Leisure Products — 0.5%** | **Leisure Products — 0.5%** |
| Brunswick Corp.  | 22072 | &nbsp;&nbsp;&nbsp; 1605959 |
| Mattel, Inc. (b) | 105478 | &nbsp;&nbsp;&nbsp; 1532595 |
| Polaris, Inc. (a) | 18134 | &nbsp;&nbsp;&nbsp; 988303 |
| YETI Holdings, Inc. (b) | 26406 | &nbsp;&nbsp;&nbsp; 966196 |
|  |  | &nbsp;&nbsp;&nbsp; 5093053 |
| **Life Sciences Tools & Services — 1.6%** | **Life Sciences Tools & Services — 1.6%** | **Life Sciences Tools & Services — 1.6%** |
| Avantor, Inc. (a) (b) | 231474 | &nbsp;&nbsp;&nbsp; 1814756 |
| Bio-Rad Laboratories, Inc. - Class A (a) (b) | 6171 | &nbsp;&nbsp;&nbsp; 1720166 |
| Bruker Corp. (a) | 37642 | &nbsp;&nbsp;&nbsp; 1359629 |
| Illumina, Inc. (b) | 51891 | &nbsp;&nbsp;&nbsp; 6396085 |
| Medpace Holdings, Inc. (b) | 7610 | &nbsp;&nbsp;&nbsp; 3654246 |
| Repligen Corp. (b) | 17957 | &nbsp;&nbsp;&nbsp; 2115694 |
| Sotera Health Co. (b) | 79060 | &nbsp;&nbsp;&nbsp; 1133720 |
|  |  | &nbsp;&nbsp;&nbsp; 18194296 |
| **Machinery — 5.7%** | **Machinery — 5.7%** | **Machinery — 5.7%** |
| AGCO Corp.  | 20394 | &nbsp;&nbsp;&nbsp; 2363053 |
| Chart Industries, Inc. (b) | 15256 | &nbsp;&nbsp;&nbsp; 3154178 |
| CNH Industrial NV | 300330 | &nbsp;&nbsp;&nbsp; 3303630 |
| Crane Co.  | 16615 | &nbsp;&nbsp;&nbsp; 2841165 |
| Donaldson Co., Inc.  | 39142 | &nbsp;&nbsp;&nbsp; 3321981 |
| Esab Corp.  | 19367 | &nbsp;&nbsp;&nbsp; 1872014 |
| Flowserve Corp.  | 43111 | &nbsp;&nbsp;&nbsp; 3169090 |
| Graco, Inc.  | 56266 | &nbsp;&nbsp;&nbsp; 4762917 |
| ITT, Inc.  | 29187 | &nbsp;&nbsp;&nbsp; 5560999 |
| Lincoln Electric Holdings, Inc.  | 18675 | &nbsp;&nbsp;&nbsp; 4651569 |
| Middleby Corp. (b) | 15727 | &nbsp;&nbsp;&nbsp; 2085086 |
| Mueller Industries, Inc.  | 37675 | &nbsp;&nbsp;&nbsp; 4174390 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Machinery—(Continued)** | **Machinery—(Continued)** | **Machinery—(Continued)** |
| Oshkosh Corp.  | 21467 | &nbsp;&nbsp;&nbsp; $3160157 |
| RBC Bearings, Inc. (b) | 10731 | &nbsp;&nbsp;&nbsp; 5828221 |
| SPX Technologies, Inc. (b) | 16913 | &nbsp;&nbsp;&nbsp; 3381585 |
| Terex Corp.  | 38587 | &nbsp;&nbsp;&nbsp; 2280492 |
| Timken Co.  | 21512 | &nbsp;&nbsp;&nbsp; 2163462 |
| Toro Co.  | 33083 | &nbsp;&nbsp;&nbsp; 3091275 |
| Watts Water Technologies, Inc. - Class A | 9308 | &nbsp;&nbsp;&nbsp; 2702019 |
|  |  | &nbsp;&nbsp;&nbsp; 63867283 |
| **Marine Transportation — 0.2%** | **Marine Transportation — 0.2%** | **Marine Transportation — 0.2%** |
| Kirby Corp. (b) | 18394 | &nbsp;&nbsp;&nbsp; 2444195 |
| **Media — 0.6%** | **Media — 0.6%** | **Media — 0.6%** |
| New York Times Co. - Class A | 54832 | &nbsp;&nbsp;&nbsp; 4591084 |
| Nexstar Media Group, Inc.  | 9675 | &nbsp;&nbsp;&nbsp; 1749530 |
|  |  | &nbsp;&nbsp;&nbsp; 6340614 |
| **Metals & Mining — 2.5%** | **Metals & Mining — 2.5%** | **Metals & Mining — 2.5%** |
| Alcoa Corp.  | 87886 | &nbsp;&nbsp;&nbsp; 5829478 |
| Cleveland-Cliffs, Inc. (b) | 193577 | &nbsp;&nbsp;&nbsp; 1635726 |
| Commercial Metals Co.  | 37639 | &nbsp;&nbsp;&nbsp; 2312164 |
| Hecla Mining Co. (a) | 227416 | &nbsp;&nbsp;&nbsp; 4236760 |
| MP Materials Corp. (a) (b) | 45712 | &nbsp;&nbsp;&nbsp; 2206061 |
| Reliance, Inc.  | 17745 | &nbsp;&nbsp;&nbsp; 5393060 |
| Royal Gold, Inc.  | 27497 | &nbsp;&nbsp;&nbsp; 6997712 |
|  |  | &nbsp;&nbsp;&nbsp; 28610961 |
| **Mortgage Real Estate Investment Trusts — 0.6%** | **Mortgage Real Estate Investment Trusts — 0.6%** | **Mortgage Real Estate Investment Trusts — 0.6%** |
| Annaly Capital Management, Inc.  | 243803 | &nbsp;&nbsp;&nbsp; 5156433 |
| Starwood Property Trust, Inc. (a) | 118140 | &nbsp;&nbsp;&nbsp; 2034371 |
|  |  | &nbsp;&nbsp;&nbsp; 7190804 |
| **Multi-Utilities — 0.3%** | **Multi-Utilities — 0.3%** | **Multi-Utilities — 0.3%** |
| Black Hills Corp.  | 25614 | &nbsp;&nbsp;&nbsp; 1777868 |
| Northwestern Energy Group, Inc.  | 20852 | &nbsp;&nbsp;&nbsp; 1374981 |
|  |  | &nbsp;&nbsp;&nbsp; 3152849 |
| **Office REITs — 0.4%** | **Office REITs — 0.4%** | **Office REITs — 0.4%** |
| COPT Defense Properties | 38339 | &nbsp;&nbsp;&nbsp; 1173173 |
| Cousins Properties, Inc.  | 57009 | &nbsp;&nbsp;&nbsp; 1286693 |
| Kilroy Realty Corp. (a) | 36999 | &nbsp;&nbsp;&nbsp; 1043742 |
| Vornado Realty Trust | 54354 | &nbsp;&nbsp;&nbsp; 1412661 |
|  |  | &nbsp;&nbsp;&nbsp; 4916269 |
| **Oil, Gas & Consumable Fuels — 3.8%** | **Oil, Gas & Consumable Fuels — 3.8%** | **Oil, Gas & Consumable Fuels — 3.8%** |
| Antero Midstream Corp.  | 112386 | &nbsp;&nbsp;&nbsp; 2562401 |
| Antero Resources Corp. (b) | 99470 | &nbsp;&nbsp;&nbsp; 4221507 |
| Chord Energy Corp.  | 19299 | &nbsp;&nbsp;&nbsp; 2743932 |
| CNX Resources Corp. (b) | 48316 | &nbsp;&nbsp;&nbsp; 1862582 |
| DT Midstream, Inc.  | 34506 | &nbsp;&nbsp;&nbsp; 4646923 |
| HF Sinclair Corp.  | 53063 | &nbsp;&nbsp;&nbsp; 3310600 |
| Matador Resources Co.  | 39644 | &nbsp;&nbsp;&nbsp; 2504708 |
| Murphy Oil Corp.  | 45535 | &nbsp;&nbsp;&nbsp; 1878319 |
| Ovintiv, Inc.  | 94234 | &nbsp;&nbsp;&nbsp; 5593730 |
| PBF Energy, Inc. - Class A | 28174 | &nbsp;&nbsp;&nbsp; 1341646 |

---

**BHFTII-193**

------

**Brighthouse Funds Trust II**

**MetLife Mid Cap Stock Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Oil, Gas & Consumable Fuels—(Continued)** | **Oil, Gas & Consumable Fuels—(Continued)** | **Oil, Gas & Consumable Fuels—(Continued)** |
| Permian Resources Corp. - Class A | 251259 | &nbsp;&nbsp;&nbsp; $5356842 |
| Range Resources Corp.  | 80410 | &nbsp;&nbsp;&nbsp; 3632924 |
| Viper Energy, Inc. - Class A | 63063 | &nbsp;&nbsp;&nbsp; 2963330 |
|  |  | &nbsp;&nbsp;&nbsp; 42619444 |
| **Paper & Forest Products — 0.1%** | **Paper & Forest Products — 0.1%** | **Paper & Forest Products — 0.1%** |
| Louisiana-Pacific Corp.  | 21508 | &nbsp;&nbsp;&nbsp; 1564707 |
| **Passenger Airlines — 0.3%** | **Passenger Airlines — 0.3%** | **Passenger Airlines — 0.3%** |
| Alaska Air Group, Inc. (a) (b) | 38906 | &nbsp;&nbsp;&nbsp; 1430963 |
| American Airlines Group, Inc. (b) | 224090 | &nbsp;&nbsp;&nbsp; 2406726 |
|  |  | &nbsp;&nbsp;&nbsp; 3837689 |
| **Personal Care Products — 0.2%** | **Personal Care Products — 0.2%** | **Personal Care Products — 0.2%** |
| BellRing Brands, Inc. (b) | 39798 | &nbsp;&nbsp;&nbsp; 640350 |
| Coty, Inc. - Class A (a) (b) | 125434 | &nbsp;&nbsp;&nbsp; 252122 |
| elf Beauty, Inc. (b) | 20040 | &nbsp;&nbsp;&nbsp; 1214624 |
|  |  | &nbsp;&nbsp;&nbsp; 2107096 |
| **Pharmaceuticals — 0.7%** | **Pharmaceuticals — 0.7%** | **Pharmaceuticals — 0.7%** |
| Elanco Animal Health, Inc. (a) (b) | 168623 | &nbsp;&nbsp;&nbsp; 4035148 |
| Jazz Pharmaceuticals PLC (b) | 20622 | &nbsp;&nbsp;&nbsp; 3898589 |
|  |  | &nbsp;&nbsp;&nbsp; 7933737 |
| **Professional Services — 2.5%** | **Professional Services — 2.5%** | **Professional Services — 2.5%** |
| Booz Allen Hamilton Holding Corp.  | 40926 | &nbsp;&nbsp;&nbsp; 3193456 |
| CACI International, Inc. - Class A (b) (c) | 7496 | &nbsp;&nbsp;&nbsp; 4076850 |
| Concentrix Corp. (a) | 14842 | &nbsp;&nbsp;&nbsp; 406077 |
| ExlService Holdings, Inc. (b) | 53332 | &nbsp;&nbsp;&nbsp; 1623959 |
| Exponent, Inc.  | 16930 | &nbsp;&nbsp;&nbsp; 1104683 |
| FTI Consulting, Inc. (b) | 10271 | &nbsp;&nbsp;&nbsp; 1815605 |
| Genpact Ltd.  | 53763 | &nbsp;&nbsp;&nbsp; 2002672 |
| KBR, Inc.  | 43097 | &nbsp;&nbsp;&nbsp; 1588555 |
| Maximus, Inc.  | 18512 | &nbsp;&nbsp;&nbsp; 1186619 |
| Parsons Corp. (b) | 17958 | &nbsp;&nbsp;&nbsp; 972785 |
| Paylocity Holding Corp. (b) | 14810 | &nbsp;&nbsp;&nbsp; 1600072 |
| Science Applications International Corp.  | 15315 | &nbsp;&nbsp;&nbsp; 1453700 |
| TransUnion | 65296 | &nbsp;&nbsp;&nbsp; 4517830 |
| UL Solutions, Inc. - Class A | 26219 | &nbsp;&nbsp;&nbsp; 2247230 |
|  |  | &nbsp;&nbsp;&nbsp; 27790093 |
| **Real Estate Management & Development — 0.4%** | **Real Estate Management & Development — 0.4%** | **Real Estate Management & Development — 0.4%** |
| Jones Lang LaSalle, Inc. (b) | 16017 | &nbsp;&nbsp;&nbsp; 4874293 |
| **Residential REITs — 0.8%** | **Residential REITs — 0.8%** | **Residential REITs — 0.8%** |
| American Homes 4 Rent - Class A | 110641 | &nbsp;&nbsp;&nbsp; 3089097 |
| Equity LifeStyle Properties, Inc.  | 65783 | &nbsp;&nbsp;&nbsp; 4106175 |
| Independence Realty Trust, Inc.  | 80381 | &nbsp;&nbsp;&nbsp; 1196873 |
|  |  | &nbsp;&nbsp;&nbsp; 8392145 |
| **Retail REITs — 0.9%** | **Retail REITs — 0.9%** | **Retail REITs — 0.9%** |
| Agree Realty Corp. (a) | 40669 | &nbsp;&nbsp;&nbsp; 3065629 |
| Brixmor Property Group, Inc.  | 104049 | &nbsp;&nbsp;&nbsp; 2996611 |
| Kite Realty Group Trust | 73477 | &nbsp;&nbsp;&nbsp; 1803861 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Retail REITs—(Continued)** | **Retail REITs—(Continued)** | **Retail REITs—(Continued)** |
| NNN REIT, Inc.  | 64460 | &nbsp;&nbsp;&nbsp; $2709254 |
|  |  | &nbsp;&nbsp;&nbsp; 10575355 |
| **Semiconductors & Semiconductor Equipment — 3.5%** | **Semiconductors & Semiconductor Equipment — 3.5%** | **Semiconductors & Semiconductor Equipment — 3.5%** |
| Allegro MicroSystems, Inc. (b) | 42131 | &nbsp;&nbsp;&nbsp; 1328390 |
| Amkor Technology, Inc.  | 38608 | &nbsp;&nbsp;&nbsp; 1738518 |
| Cirrus Logic, Inc. (b) | 17311 | &nbsp;&nbsp;&nbsp; 2503517 |
| Entegris, Inc.  | 51585 | &nbsp;&nbsp;&nbsp; 6047825 |
| Lattice Semiconductor Corp. (b) | 46422 | &nbsp;&nbsp;&nbsp; 4306105 |
| MACOM Technology Solutions Holdings, Inc. (b) | 21893 | &nbsp;&nbsp;&nbsp; 4861779 |
| MKS, Inc.  | 22796 | &nbsp;&nbsp;&nbsp; 5238749 |
| Onto Innovation, Inc. (b) | 16851 | &nbsp;&nbsp;&nbsp; 3455635 |
| Rambus, Inc. (b) | 36534 | &nbsp;&nbsp;&nbsp; 3143020 |
| Silicon Laboratories, Inc. (b) | 11185 | &nbsp;&nbsp;&nbsp; 2328158 |
| SiTime Corp. (b) | 7498 | &nbsp;&nbsp;&nbsp; 2589434 |
| Synaptics, Inc. (b) | 13144 | &nbsp;&nbsp;&nbsp; 920606 |
| Universal Display Corp. (a) | 15005 | &nbsp;&nbsp;&nbsp; 1375358 |
|  |  | &nbsp;&nbsp;&nbsp; 39837094 |
| **Software — 2.9%** | **Software — 2.9%** | **Software — 2.9%** |
| Appfolio, Inc. - Class A (b) | 8259 | &nbsp;&nbsp;&nbsp; 1303435 |
| Bentley Systems, Inc. - Class B (a) | 50543 | &nbsp;&nbsp;&nbsp; 1775070 |
| Bill Holdings, Inc. (b) | 29890 | &nbsp;&nbsp;&nbsp; 1144787 |
| Blackbaud, Inc. (b) | 12147 | &nbsp;&nbsp;&nbsp; 468996 |
| Commvault Systems, Inc. (b) | 14923 | &nbsp;&nbsp;&nbsp; 1162352 |
| Docusign, Inc. (b) | 67968 | &nbsp;&nbsp;&nbsp; 3222363 |
| Dolby Laboratories, Inc. - Class A | 20662 | &nbsp;&nbsp;&nbsp; 1240960 |
| Dropbox, Inc. - Class A (b) | 59195 | &nbsp;&nbsp;&nbsp; 1344910 |
| Dynatrace, Inc. (b) | 101219 | &nbsp;&nbsp;&nbsp; 3743079 |
| Guidewire Software, Inc. (b) | 28854 | &nbsp;&nbsp;&nbsp; 4315404 |
| InterDigital, Inc.  | 8718 | &nbsp;&nbsp;&nbsp; 2632836 |
| Manhattan Associates, Inc. (b) | 20311 | &nbsp;&nbsp;&nbsp; 2703800 |
| Nutanix, Inc. - Class A (b) | 91767 | &nbsp;&nbsp;&nbsp; 3488064 |
| Pegasystems, Inc.  | 30979 | &nbsp;&nbsp;&nbsp; 1318466 |
| Qualys, Inc. (b) | 12169 | &nbsp;&nbsp;&nbsp; 1069047 |
| UiPath, Inc. - Class A (b) | 145325 | &nbsp;&nbsp;&nbsp; 1613108 |
|  |  | &nbsp;&nbsp;&nbsp; 32546677 |
| **Specialized REITs — 1.3%** | **Specialized REITs — 1.3%** | **Specialized REITs — 1.3%** |
| CubeSmart | 77390 | &nbsp;&nbsp;&nbsp; 2836344 |
| EPR Properties | 25840 | &nbsp;&nbsp;&nbsp; 1290966 |
| Gaming & Leisure Properties, Inc.  | 96046 | &nbsp;&nbsp;&nbsp; 4261561 |
| Lamar Advertising Co. - Class A (a) | 29479 | &nbsp;&nbsp;&nbsp; 3733810 |
| National Storage Affiliates Trust (a) | 24021 | &nbsp;&nbsp;&nbsp; 906553 |
| Rayonier, Inc.  | 94394 | &nbsp;&nbsp;&nbsp; 1946404 |
|  |  | &nbsp;&nbsp;&nbsp; 14975638 |
| **Specialty Retail — 3.3%** | **Specialty Retail — 3.3%** | **Specialty Retail — 3.3%** |
| Abercrombie & Fitch Co. - Class A (b) | 15563 | &nbsp;&nbsp;&nbsp; 1421991 |
| AutoNation, Inc. (b) | 8835 | &nbsp;&nbsp;&nbsp; 1725122 |
| Bath & Body Works, Inc.  | 69477 | &nbsp;&nbsp;&nbsp; 1297136 |
| Burlington Stores, Inc. (b) | 21103 | &nbsp;&nbsp;&nbsp; 6866494 |
| Chewy, Inc. - Class A (b) | 80948 | &nbsp;&nbsp;&nbsp; 2185596 |
| Dick's Sporting Goods, Inc. (a) | 22534 | &nbsp;&nbsp;&nbsp; 4468267 |
| Five Below, Inc. (b) | 18719 | &nbsp;&nbsp;&nbsp; 4276917 |

---

**BHFTII-194**

------

**Brighthouse Funds Trust II**

**MetLife Mid Cap Stock Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Specialty Retail—(Continued)** | **Specialty Retail—(Continued)** | **Specialty Retail—(Continued)** |
| Floor & Decor Holdings, Inc. - Class A (b) | 36569 | &nbsp;&nbsp;&nbsp; $1857705 |
| GameStop Corp. - Class A (a) (b) | 139880 | &nbsp;&nbsp;&nbsp; 3222835 |
| Gap, Inc.  | 76995 | &nbsp;&nbsp;&nbsp; 1863279 |
| Lithia Motors, Inc.  | 8230 | &nbsp;&nbsp;&nbsp; 2055196 |
| Murphy USA, Inc.  | 5734 | &nbsp;&nbsp;&nbsp; 2832424 |
| Penske Automotive Group, Inc.  | 6258 | &nbsp;&nbsp;&nbsp; 935696 |
| RH (b) | 5226 | &nbsp;&nbsp;&nbsp; 730699 |
| Valvoline, Inc. (a) (b) | 43208 | &nbsp;&nbsp;&nbsp; 1455246 |
|  |  | &nbsp;&nbsp;&nbsp; 37194603 |
| **Technology Hardware, Storage & Peripherals — 0.6%** | **Technology Hardware, Storage & Peripherals — 0.6%** | **Technology Hardware, Storage & Peripherals — 0.6%** |
| Everpure, Inc. - Class A (b) | 106450 | &nbsp;&nbsp;&nbsp; 6284808 |
| **Textiles, Apparel & Luxury Goods — 0.5%** | **Textiles, Apparel & Luxury Goods — 0.5%** | **Textiles, Apparel & Luxury Goods — 0.5%** |
| Capri Holdings Ltd. (b) | 40440 | &nbsp;&nbsp;&nbsp; 712553 |
| Columbia Sportswear Co.  | 8595 | &nbsp;&nbsp;&nbsp; 471092 |
| Crocs, Inc. (b) | 17048 | &nbsp;&nbsp;&nbsp; 1415325 |
| PVH Corp. (a) | 15544 | &nbsp;&nbsp;&nbsp; 1084349 |
| VF Corp.  | 111539 | &nbsp;&nbsp;&nbsp; 1895048 |
|  |  | &nbsp;&nbsp;&nbsp; 5578367 |
| **Trading Companies & Distributors — 1.7%** | **Trading Companies & Distributors — 1.7%** | **Trading Companies & Distributors — 1.7%** |
| Applied Industrial Technologies, Inc.  | 12660 | &nbsp;&nbsp;&nbsp; 3358951 |
| Core & Main, Inc. - Class A (b) | 64075 | &nbsp;&nbsp;&nbsp; 3165305 |
| GATX Corp.  | 12116 | &nbsp;&nbsp;&nbsp; 2068686 |
| MSC Industrial Direct Co., Inc. - Class A | 15529 | &nbsp;&nbsp;&nbsp; 1432861 |
| Watsco, Inc. (a) | 11853 | &nbsp;&nbsp;&nbsp; 4312003 |
| WESCO International, Inc.  | 16510 | &nbsp;&nbsp;&nbsp; 4517466 |
|  |  | &nbsp;&nbsp;&nbsp; 18855272 |
| **Water Utilities — 0.3%** | **Water Utilities — 0.3%** | **Water Utilities — 0.3%** |
| Essential Utilities, Inc.  | 96035 | &nbsp;&nbsp;&nbsp; 3867329 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $858,631,079) <br>|  | &nbsp;&nbsp;&nbsp; 1083479789 |
| **Investment Companies—2.2%** | **Investment Companies—2.2%** | **Investment Companies—2.2%** |
| **Exchange-Traded Funds — 2.2%** | **Exchange-Traded Funds — 2.2%** | **Exchange-Traded Funds — 2.2%** |
| State Street SPDR S&P MidCap 400 ETF Trust (a) | 40700 | &nbsp;&nbsp;&nbsp; 25102131 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $25,028,739) <br>|  | &nbsp;&nbsp;&nbsp; 25102131 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—1.5%** | **Short-Term Investments—1.5%** | **Short-Term Investments—1.5%** |
| **Discount Note—0.5%** | **Discount Note—0.5%** | **Discount Note—0.5%** |
| Federal Home Loan Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 04/01/26 (e) | 5350000 | &nbsp;&nbsp;&nbsp; 5349467 |
| **U.S. Treasury—1.0%** | **U.S. Treasury—1.0%** | **U.S. Treasury—1.0%** |
| U.S. Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.627%, 04/16/26 (e) | 11030000 | &nbsp;&nbsp;&nbsp; 11013336 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***/<br> **Shares**<br>| <br>**Value**<br>|
| **U.S. Treasury—(Continued)** | **U.S. Treasury—(Continued)** | **U.S. Treasury—(Continued)** |
| U.S. Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.631%, 04/16/26 (e) | 1065000 | &nbsp;&nbsp;&nbsp; $1063391 |
|  |  | &nbsp;&nbsp;&nbsp; 12076727 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $17,426,722) <br>|  | &nbsp;&nbsp;&nbsp; 17426194 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (f)—4.5%** | **Securities Lending Reinvestments (f)—4.5%** | **Securities Lending Reinvestments (f)—4.5%** |
| **Short-Term Investment Funds—1.0%** | **Short-Term Investment Funds—1.0%** | **Short-Term Investment Funds—1.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds FedFund, <br>Institutional Shares 3.550% (g)<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (g)<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares 3.580% (g)<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, <br>Premier Class 3.600% (g)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
|  |  | &nbsp;&nbsp;&nbsp; 11000000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Repurchase Agreements—3.0%** | **Repurchase Agreements—3.0%** | **Repurchase Agreements—3.0%** |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $7,000,710; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.000% - <br> 5.000%, maturity dates ranging from 06/30/26 - 02/15/54, <br> and an aggregate market value of $7,140,000<br>| 7000000 | &nbsp;&nbsp;&nbsp; 7000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.700%, due on <br> 04/01/26 with a maturity value of $1,000,103; collateralized <br> by various Common Stock with an aggregate market value of <br> $1,112,281<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.770%, due on <br> 04/01/26 with a maturity value of $4,450,466; collateralized <br> by various Common Stock with an aggregate market value of <br> $4,949,651<br>| 4450000 | &nbsp;&nbsp;&nbsp; 4450000 |
| Citigroup Global Markets, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.690%, due on <br> 04/01/26 with a maturity value of $4,000,410; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.125% - <br> 6.125%, maturity dates ranging from 06/15/27 - 02/15/32, <br> and various Common Stock with an aggregate market value of <br> $4,080,053<br>| 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 4.130%, due on <br> 10/02/26 with a maturity value of $3,063,671; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.125% - <br> 6.125%, maturity dates ranging from 06/15/27 - 02/15/32, <br> and various Common Stock with an aggregate market value of <br> $3,060,040<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| National Bank Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $1,500,158; collateralized <br> by U.S. Treasury Bond at 3.875%, maturing 02/15/43, and <br> various Common Stock with an aggregate market value of <br> $1,666,474<br>| 1500000 | &nbsp;&nbsp;&nbsp; 1500000 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $650,068; collateralized <br> by various Common Stock with an aggregate market value of <br> $724,509<br>| 650000 | &nbsp;&nbsp;&nbsp; 650000 |

---

**BHFTII-195**

------

**Brighthouse Funds Trust II**

**MetLife Mid Cap Stock Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Securities Lending Reinvestments (f)—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.800%, due on <br> 04/07/26 with a maturity value of $7,005,172; collateralized <br> by U.S. Treasury Obligations with rates ranging from 3.750% - <br> 4.250%, maturity dates ranging from 05/15/28 - 08/15/35, <br> and various Common Stock with an aggregate market value of <br> $7,476,779<br>| 7000000 | &nbsp;&nbsp;&nbsp; $7000000 |
| NatWest Markets Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $3,530,772; collateralized <br> by U.S. Treasury Obligations with rates ranging from 1.125% - <br> 4.875%, maturity dates ranging from 09/15/26 - 08/15/35, <br> and an aggregate market value of $3,601,387<br>| 3530414 | &nbsp;&nbsp;&nbsp; 3530414 |
| Royal Bank of Canada Toronto |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.910%, due on <br> 05/05/26 with a maturity value of $1,003,801; collateralized <br> by various Common Stock with an aggregate market value of <br> $1,111,232<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
|  |  | &nbsp;&nbsp;&nbsp; 33130414 |
| **Time Deposits—0.5%** | **Time Deposits—0.5%** | **Time Deposits—0.5%** |
| Credit Agricole CIB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.630%, 04/01/26 | 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| DZ Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.710%, OBFR + 0.070% 04/07/26 (h) | 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| Svenska NY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
|  |  | &nbsp;&nbsp;&nbsp; 6000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $50,130,414) <br>|  | &nbsp;&nbsp;&nbsp; 50130414 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—104.6% <br>(Cost $951,216,954) <br>|  | &nbsp;&nbsp;&nbsp; 1176138528 |
| Other assets and liabilities (net)—(4.6)%  |  | &nbsp;&nbsp;&nbsp; (51658776)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1124479752 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Principal amount stated in U.S. dollars unless otherwise noted.

(a) All or a portion of the security was held on loan. As of March 31, 2026, the market value of 

---

| | |
|:---|:---|
|  | securities loaned was $88,109,575 and the collateral received consisted of cash in the amount of <br> $50,130,414 and non-cash collateral with a value of $37,591,034. The cash collateral <br> investments are disclosed in the Schedule of Investments and categorized as Securities Lending <br> Reinvestments. The non-cash collateral received consists of U.S. government securities that are <br> held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or <br> repledged by the Portfolio.<br>|
| (b) | Non-income producing security. |
| (c) | All or a portion of the security was pledged as collateral against open futures contracts. As of <br> March 31, 2026, the market value of securities pledged was $3,931,880.<br>|
| (d) | Affiliated Issuer. (See the table that follows for a summary of transactions in affiliated issuers.) |
| (e) | The rate shown represents current yield to maturity. |
| (f) | Represents investment of cash collateral received from securities on loan as of March 31, 2026. |
| (g) | The rate shown represents the annualized seven-day yield as of March 31, 2026. |
| (h) | Variable or floating rate security. The stated rate represents the rate at March 31, 2026. Maturity <br> date shown for callable securities reflects the earliest possible call date. For securities based on a <br> published reference index and spread, the index and spread are indicated in the description <br> above. For certain variable rate securities, the coupon rate is determined by the issuer/agent <br> based on current market conditions. For certain asset- and mortgage-backed securities, the <br> coupon rate may fluctuate based on changes of the underlying collateral or prepayments of <br> principal. These securities do not indicate a reference index and spread in their description above.<br>|

---

**Transactions in Securities of Affiliated Issuers**

A summary of the Portfolio's transactions in the securities of affiliated issuers for the period ended March 31, 2026 is as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Security Description** | **Market Value** <br>**December 31, 2025**<br>| **Purchases** | **Sales** | **Realized** <br>**Gain/(Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Ending Value** <br>**as of** <br>**March 31, 2026**<br>|
| Brighthouse Financial, Inc. | &nbsp;&nbsp; $1282389 | &nbsp;&nbsp; $22553 | &nbsp;&nbsp; $(45957)<br>| &nbsp;&nbsp; $17524 | &nbsp;&nbsp; $(114478)<br>| &nbsp;&nbsp; $1162031 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Security Description** | **Number of** <br>**shares held at** <br>**March 31, 2026**<br>|
| Brighthouse Financial, Inc. | &nbsp;&nbsp; 19,406 |

---

**BHFTII-196**

------

**Brighthouse Funds Trust II**

**MetLife Mid Cap Stock Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Investments in Derivative Instruments**

**Futures Contracts** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Long** | **Expiration** <br>**Date**<br>| **Number of** <br>**Contracts**<br>| **Notional** <br>**Value** | **Notional** <br>**Value** | **Value/** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| S&P Midcap 400 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 50 | USD | 16982500 | &nbsp;&nbsp;&nbsp; $(39504)<br>|

---

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Total Common Stocks\* | &nbsp;&nbsp;&nbsp; $1083479789 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1083479789 |
| Total Investment Companies\* | &nbsp;&nbsp;&nbsp; 25102131 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25102131 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 17426194 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 17426194 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 11000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 33130414 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 33130414 |
| &nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6000000 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 11000000 | &nbsp;&nbsp;&nbsp; 39130414 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 50130414 |
| Total Investments | &nbsp;&nbsp;&nbsp; $1119581920 | &nbsp;&nbsp;&nbsp; $56556608 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1176138528 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(50130414)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(50130414)<br>|
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; $(39504)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(39504)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

**BHFTII-197**

------

**Brighthouse Funds Trust II**

**MetLife MSCI EAFE Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—95.7% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Australia — 7.2%** | **Australia — 7.2%** | **Australia — 7.2%** |
| ANZ Group Holdings Ltd.  | 198402 | &nbsp;&nbsp;&nbsp; $4950983 |
| APA Group | 93494 | &nbsp;&nbsp;&nbsp; 638207 |
| Aristocrat Leisure Ltd.  | 36966 | &nbsp;&nbsp;&nbsp; 1165973 |
| ASX Ltd.  | 14220 | &nbsp;&nbsp;&nbsp; 512479 |
| BHP Group Ltd.  | 333747 | &nbsp;&nbsp;&nbsp; 12105265 |
| Brambles Ltd.  | 85726 | &nbsp;&nbsp;&nbsp; 1329744 |
| CAR Group Ltd.  | 30249 | &nbsp;&nbsp;&nbsp; 485590 |
| Cochlear Ltd.  | 4027 | &nbsp;&nbsp;&nbsp; 469450 |
| Coles Group Ltd.  | 92253 | &nbsp;&nbsp;&nbsp; 1389952 |
| Commonwealth Bank of Australia | 109967 | &nbsp;&nbsp;&nbsp; 12750905 |
| Computershare Ltd.  | 33865 | &nbsp;&nbsp;&nbsp; 663898 |
| CSL Ltd.  | 32810 | &nbsp;&nbsp;&nbsp; 3199612 |
| Evolution Mining Ltd.  | 129241 | &nbsp;&nbsp;&nbsp; 1162708 |
| Fortescue Ltd.  | 105817 | &nbsp;&nbsp;&nbsp; 1483831 |
| Glencore PLC (a) | 655906 | &nbsp;&nbsp;&nbsp; 4979499 |
| Goodman Group (REIT) | 137108 | &nbsp;&nbsp;&nbsp; 2422924 |
| Insurance Australia Group Ltd.  | 145853 | &nbsp;&nbsp;&nbsp; 728614 |
| Lottery Corp. Ltd.  | 166590 | &nbsp;&nbsp;&nbsp; 616376 |
| Lynas Rare Earths Ltd. (a) | 62726 | &nbsp;&nbsp;&nbsp; 846194 |
| Macquarie Group Ltd.  | 23543 | &nbsp;&nbsp;&nbsp; 3315841 |
| Medibank Pvt Ltd.  | 205958 | &nbsp;&nbsp;&nbsp; 618734 |
| National Australia Bank Ltd.  | 200359 | &nbsp;&nbsp;&nbsp; 5752242 |
| Northern Star Resources Ltd.  | 90151 | &nbsp;&nbsp;&nbsp; 1306466 |
| Origin Energy Ltd.  | 118137 | &nbsp;&nbsp;&nbsp; 1005068 |
| Pro Medicus Ltd.  | 3760 | &nbsp;&nbsp;&nbsp; 308362 |
| Qantas Airways Ltd.  | 55657 | &nbsp;&nbsp;&nbsp; 324488 |
| QBE Insurance Group Ltd.  | 94212 | &nbsp;&nbsp;&nbsp; 1374127 |
| REA Group Ltd.  | 3315 | &nbsp;&nbsp;&nbsp; 364466 |
| Rio Tinto Ltd.  | 25081 | &nbsp;&nbsp;&nbsp; 2799313 |
| Rio Tinto PLC | 74611 | &nbsp;&nbsp;&nbsp; 6909546 |
| Santos Ltd.  | 213556 | &nbsp;&nbsp;&nbsp; 1164235 |
| Scentre Group (REIT) | 366456 | &nbsp;&nbsp;&nbsp; 839276 |
| SGH Ltd.  | 10924 | &nbsp;&nbsp;&nbsp; 307542 |
| Sigma Healthcare Ltd.  | 330939 | &nbsp;&nbsp;&nbsp; 604040 |
| Sonic Healthcare Ltd.  | 25472 | &nbsp;&nbsp;&nbsp; 357903 |
| South32 Ltd.  | 316853 | &nbsp;&nbsp;&nbsp; 945466 |
| Stockland (REIT) | 179520 | &nbsp;&nbsp;&nbsp; 533679 |
| Suncorp Group Ltd.  | 68725 | &nbsp;&nbsp;&nbsp; 761097 |
| Telstra Group Ltd.  | 235475 | &nbsp;&nbsp;&nbsp; 860917 |
| Transurban Group | 197698 | &nbsp;&nbsp;&nbsp; 1907296 |
| Vicinity Ltd. (REIT) | 277971 | &nbsp;&nbsp;&nbsp; 447684 |
| Washington H Soul Pattinson & Co. Ltd.  | 19412 | &nbsp;&nbsp;&nbsp; 538650 |
| Wesfarmers Ltd.  | 73567 | &nbsp;&nbsp;&nbsp; 3701992 |
| Westpac Banking Corp.  | 223461 | &nbsp;&nbsp;&nbsp; 6093800 |
| WiseTech Global Ltd.  | 15261 | &nbsp;&nbsp;&nbsp; 413484 |
| Woodside Energy Group Ltd.  | 123380 | &nbsp;&nbsp;&nbsp; 2921146 |
| Woolworths Group Ltd.  | 79683 | &nbsp;&nbsp;&nbsp; 1991708 |
|  |  | &nbsp;&nbsp;&nbsp; 100370772 |
| **Austria — 0.3%** | **Austria — 0.3%** | **Austria — 0.3%** |
| BAWAG Group AG | 5060 | &nbsp;&nbsp;&nbsp; 769859 |
| Erste Group Bank AG | 19879 | &nbsp;&nbsp;&nbsp; 2141257 |
| OMV AG | 10960 | &nbsp;&nbsp;&nbsp; 793432 |
| Raiffeisen Bank International AG | 9111 | &nbsp;&nbsp;&nbsp; 388487 |
| Verbund AG | 4631 | &nbsp;&nbsp;&nbsp; 351723 |
|  |  | &nbsp;&nbsp;&nbsp; 4444758 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Belgium — 0.9%** | **Belgium — 0.9%** | **Belgium — 0.9%** |
| Ageas SA | 10694 | &nbsp;&nbsp;&nbsp; $780777 |
| Anheuser-Busch InBev SA | 65887 | &nbsp;&nbsp;&nbsp; 4557476 |
| D'ieteren Group | 954 | &nbsp;&nbsp;&nbsp; 175816 |
| Elia Group SA (a) | 2967 | &nbsp;&nbsp;&nbsp; 453247 |
| Financiere de Tubize SA | 1387 | &nbsp;&nbsp;&nbsp; 341852 |
| Groupe Bruxelles Lambert NV | 4119 | &nbsp;&nbsp;&nbsp; 371148 |
| KBC Group NV | 15695 | &nbsp;&nbsp;&nbsp; 1912564 |
| Lotus Bakeries NV | 34 | &nbsp;&nbsp;&nbsp; 385169 |
| Sofina SA | 950 | &nbsp;&nbsp;&nbsp; 229436 |
| Syensqo SA | 4121 | &nbsp;&nbsp;&nbsp; 237661 |
| UCB SA | 8096 | &nbsp;&nbsp;&nbsp; 2430903 |
|  |  | &nbsp;&nbsp;&nbsp; 11876049 |
| **Brazil — 0.1%** | **Brazil — 0.1%** | **Brazil — 0.1%** |
| Yara International ASA | 11867 | &nbsp;&nbsp;&nbsp; 686663 |
| **Chile — 0.1%** | **Chile — 0.1%** | **Chile — 0.1%** |
| Antofagasta PLC | 26108 | &nbsp;&nbsp;&nbsp; 1157162 |
| **China — 0.5%** | **China — 0.5%** | **China — 0.5%** |
| BOC Hong Kong Holdings Ltd.  | 251465 | &nbsp;&nbsp;&nbsp; 1385774 |
| Prosus NV | 86204 | &nbsp;&nbsp;&nbsp; 3928200 |
| SITC International Holdings Co. Ltd.  | 98000 | &nbsp;&nbsp;&nbsp; 432697 |
| Wharf Holdings Ltd.  | 75000 | &nbsp;&nbsp;&nbsp; 207248 |
| Wilmar International Ltd.  | 135200 | &nbsp;&nbsp;&nbsp; 405919 |
| Yangzijiang Shipbuilding Holdings Ltd.  | 188000 | &nbsp;&nbsp;&nbsp; 556711 |
|  |  | &nbsp;&nbsp;&nbsp; 6916549 |
| **Czech Republic — 0.0%** | **Czech Republic — 0.0%** | **Czech Republic — 0.0%** |
| CSG NV (a) | 14695 | &nbsp;&nbsp;&nbsp; 394166 |
| **Denmark — 1.5%** | **Denmark — 1.5%** | **Denmark — 1.5%** |
| Carlsberg AS - Class B | 5805 | &nbsp;&nbsp;&nbsp; 722063 |
| Coloplast AS - Class B | 7793 | &nbsp;&nbsp;&nbsp; 529696 |
| Danske Bank AS | 46045 | &nbsp;&nbsp;&nbsp; 2228438 |
| DSV AS | 13809 | &nbsp;&nbsp;&nbsp; 3288752 |
| Genmab AS (a) | 4399 | &nbsp;&nbsp;&nbsp; 1173336 |
| Novo Nordisk AS - Class B | 209825 | &nbsp;&nbsp;&nbsp; 7707797 |
| Novonesis (Novozymes) - B Shares | 22015 | &nbsp;&nbsp;&nbsp; 1298565 |
| Orsted AS (a) | 32957 | &nbsp;&nbsp;&nbsp; 804392 |
| Pandora AS (b) | 6213 | &nbsp;&nbsp;&nbsp; 435012 |
| Rockwool AS - B Shares | 5710 | &nbsp;&nbsp;&nbsp; 158902 |
| Tryg AS | 21267 | &nbsp;&nbsp;&nbsp; 507493 |
| Vestas Wind Systems AS | 69290 | &nbsp;&nbsp;&nbsp; 2068116 |
|  |  | &nbsp;&nbsp;&nbsp; 20922562 |
| **Finland — 1.1%** | **Finland — 1.1%** | **Finland — 1.1%** |
| Elisa OYJ | 10776 | &nbsp;&nbsp;&nbsp; 520838 |
| Fortum OYJ (b) | 25469 | &nbsp;&nbsp;&nbsp; 645310 |
| Kesko OYJ - B Shares | 18577 | &nbsp;&nbsp;&nbsp; 409802 |
| Kone OYJ - Class B | 23227 | &nbsp;&nbsp;&nbsp; 1476191 |
| Metso OYJ | 45300 | &nbsp;&nbsp;&nbsp; 780991 |
| Neste OYJ | 26292 | &nbsp;&nbsp;&nbsp; 846393 |
| Nokia OYJ | 339763 | &nbsp;&nbsp;&nbsp; 2699338 |
| Nordea Bank Abp | 207873 | &nbsp;&nbsp;&nbsp; 3566745 |
| Orion OYJ - Class B | 8065 | &nbsp;&nbsp;&nbsp; 650198 |

---

**BHFTII-198**

------

**Brighthouse Funds Trust II**

**MetLife MSCI EAFE Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Finland — (Continued)** | **Finland — (Continued)** | **Finland — (Continued)** |
| Sampo OYJ - A Shares | 151952 | &nbsp;&nbsp;&nbsp; $1623087 |
| Stora Enso OYJ - R Shares (b) | 41742 | &nbsp;&nbsp;&nbsp; 490133 |
| UPM-Kymmene OYJ | 32248 | &nbsp;&nbsp;&nbsp; 999918 |
| Wartsila OYJ Abp | 32621 | &nbsp;&nbsp;&nbsp; 1215902 |
|  |  | &nbsp;&nbsp;&nbsp; 15924846 |
| **France — 8.3%** | **France — 8.3%** | **France — 8.3%** |
| Accor SA | 12658 | &nbsp;&nbsp;&nbsp; 604559 |
| Aeroports de Paris SA | 2924 | &nbsp;&nbsp;&nbsp; 354659 |
| Air Liquide SA | 37682 | &nbsp;&nbsp;&nbsp; 7737989 |
| Airbus SE | 39315 | &nbsp;&nbsp;&nbsp; 7361034 |
| Alstom SA (a) | 21673 | &nbsp;&nbsp;&nbsp; 615603 |
| Amundi SA | 5183 | &nbsp;&nbsp;&nbsp; 444366 |
| AXA SA | 109890 | &nbsp;&nbsp;&nbsp; 5022070 |
| Ayvens SA | 23179 | &nbsp;&nbsp;&nbsp; 272218 |
| BioMerieux | 3497 | &nbsp;&nbsp;&nbsp; 371226 |
| BNP Paribas SA | 65763 | &nbsp;&nbsp;&nbsp; 6244865 |
| Bollore SE | 49465 | &nbsp;&nbsp;&nbsp; 281835 |
| Bouygues SA | 11689 | &nbsp;&nbsp;&nbsp; 672239 |
| Bureau Veritas SA (b) | 21102 | &nbsp;&nbsp;&nbsp; 631890 |
| Capgemini SE | 10623 | &nbsp;&nbsp;&nbsp; 1237746 |
| Carrefour SA | 34217 | &nbsp;&nbsp;&nbsp; 628824 |
| Cie de Saint-Gobain SA | 28836 | &nbsp;&nbsp;&nbsp; 2365571 |
| Cie Generale des Etablissements Michelin SCA | 41442 | &nbsp;&nbsp;&nbsp; 1406740 |
| Covivio SA (REIT) | 3163 | &nbsp;&nbsp;&nbsp; 188509 |
| Credit Agricole SA | 68850 | &nbsp;&nbsp;&nbsp; 1288445 |
| Danone SA | 42422 | &nbsp;&nbsp;&nbsp; 3396245 |
| Dassault Aviation SA | 1308 | &nbsp;&nbsp;&nbsp; 483605 |
| Dassault Systemes SE | 45481 | &nbsp;&nbsp;&nbsp; 923063 |
| Eiffage SA | 4800 | &nbsp;&nbsp;&nbsp; 734632 |
| Engie SA | 119323 | &nbsp;&nbsp;&nbsp; 3834847 |
| EssilorLuxottica SA | 19948 | &nbsp;&nbsp;&nbsp; 4627941 |
| Gecina SA (REIT) | 3884 | &nbsp;&nbsp;&nbsp; 306146 |
| Getlink SE | 25538 | &nbsp;&nbsp;&nbsp; 548593 |
| Hermes International SCA | 2064 | &nbsp;&nbsp;&nbsp; 3929585 |
| Ipsen SA | 1948 | &nbsp;&nbsp;&nbsp; 364157 |
| Kering SA | 4710 | &nbsp;&nbsp;&nbsp; 1419744 |
| Klepierre SA (REIT) | 13438 | &nbsp;&nbsp;&nbsp; 504893 |
| Legrand SA | 17626 | &nbsp;&nbsp;&nbsp; 2715050 |
| L'Oreal SA | 15862 | &nbsp;&nbsp;&nbsp; 6483918 |
| LVMH Moet Hennessy Louis Vuitton SE | 16352 | &nbsp;&nbsp;&nbsp; 9060801 |
| Orange SA | 119388 | &nbsp;&nbsp;&nbsp; 2431664 |
| Pernod Ricard SA | 13126 | &nbsp;&nbsp;&nbsp; 976618 |
| Publicis Groupe SA | 15288 | &nbsp;&nbsp;&nbsp; 1260339 |
| Renault SA | 12566 | &nbsp;&nbsp;&nbsp; 425016 |
| Rexel SA | 13179 | &nbsp;&nbsp;&nbsp; 513797 |
| Safran SA | 23367 | &nbsp;&nbsp;&nbsp; 7617880 |
| Sartorius Stedim Biotech | 1664 | &nbsp;&nbsp;&nbsp; 324757 |
| Societe Generale SA | 44998 | &nbsp;&nbsp;&nbsp; 3275202 |
| Sodexo SA | 7469 | &nbsp;&nbsp;&nbsp; 382206 |
| Thales SA | 5916 | &nbsp;&nbsp;&nbsp; 1731495 |
| TotalEnergies SE | 131742 | &nbsp;&nbsp;&nbsp; 12125752 |
| Unibail-Rodamco-Westfield (REIT) (a) | 7981 | &nbsp;&nbsp;&nbsp; 889174 |
| Veolia Environnement SA | 41478 | &nbsp;&nbsp;&nbsp; 1579465 |
| Vinci SA | 32377 | &nbsp;&nbsp;&nbsp; 4833708 |
|  |  | &nbsp;&nbsp;&nbsp; 115430681 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Germany — 8.2%** | **Germany — 8.2%** | **Germany — 8.2%** |
| adidas AG | 11310 | &nbsp;&nbsp;&nbsp; $1776671 |
| Allianz SE | 24998 | &nbsp;&nbsp;&nbsp; 10326154 |
| BASF SE (b) | 60111 | &nbsp;&nbsp;&nbsp; 3620813 |
| Bayer AG | 65403 | &nbsp;&nbsp;&nbsp; 2963900 |
| Bayerische Motoren Werke AG | 18085 | &nbsp;&nbsp;&nbsp; 1628179 |
| Beiersdorf AG | 6955 | &nbsp;&nbsp;&nbsp; 613382 |
| Brenntag SE | 6553 | &nbsp;&nbsp;&nbsp; 430979 |
| Commerzbank AG | 50081 | &nbsp;&nbsp;&nbsp; 1792302 |
| Continental AG | 8186 | &nbsp;&nbsp;&nbsp; 560956 |
| CTS Eventim AG & Co. KGaA | 3650 | &nbsp;&nbsp;&nbsp; 208664 |
| Daimler Truck Holding AG | 28964 | &nbsp;&nbsp;&nbsp; 1376392 |
| Deutsche Bank AG | 119271 | &nbsp;&nbsp;&nbsp; 3479085 |
| Deutsche Boerse AG | 12617 | &nbsp;&nbsp;&nbsp; 3656632 |
| Deutsche Lufthansa AG (b) | 42214 | &nbsp;&nbsp;&nbsp; 347336 |
| Deutsche Post AG | 59026 | &nbsp;&nbsp;&nbsp; 3034428 |
| Deutsche Telekom AG | 242841 | &nbsp;&nbsp;&nbsp; 8926253 |
| E.ON SE | 149519 | &nbsp;&nbsp;&nbsp; 3257683 |
| Evonik Industries AG | 21638 | &nbsp;&nbsp;&nbsp; 417797 |
| Fresenius Medical Care AG | 13237 | &nbsp;&nbsp;&nbsp; 587072 |
| Fresenius SE & Co. KGaA | 27726 | &nbsp;&nbsp;&nbsp; 1415767 |
| GEA Group AG | 10150 | &nbsp;&nbsp;&nbsp; 715039 |
| Hannover Rueck SE | 3809 | &nbsp;&nbsp;&nbsp; 1175178 |
| Heidelberg Materials AG | 8897 | &nbsp;&nbsp;&nbsp; 1826628 |
| Henkel AG & Co. KGaA | 7448 | &nbsp;&nbsp;&nbsp; 531749 |
| Hensoldt AG (b) | 4553 | &nbsp;&nbsp;&nbsp; 393997 |
| HOCHTIEF AG | 1076 | &nbsp;&nbsp;&nbsp; 471736 |
| Infineon Technologies AG | 85561 | &nbsp;&nbsp;&nbsp; 3747524 |
| Knorr-Bremse AG | 5199 | &nbsp;&nbsp;&nbsp; 578617 |
| LEG Immobilien SE | 3771 | &nbsp;&nbsp;&nbsp; 244811 |
| Mercedes-Benz Group AG | 47949 | &nbsp;&nbsp;&nbsp; 2895797 |
| Merck KGaA | 8172 | &nbsp;&nbsp;&nbsp; 1011671 |
| MTU Aero Engines AG | 3337 | &nbsp;&nbsp;&nbsp; 1190885 |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 8430 | &nbsp;&nbsp;&nbsp; 5234711 |
| Nemetschek SE | 4207 | &nbsp;&nbsp;&nbsp; 308670 |
| Rational AG | 432 | &nbsp;&nbsp;&nbsp; 311714 |
| Rheinmetall AG | 2978 | &nbsp;&nbsp;&nbsp; 4950732 |
| RWE AG | 39928 | &nbsp;&nbsp;&nbsp; 2650957 |
| SAP SE | 68619 | &nbsp;&nbsp;&nbsp; 11575928 |
| Scout24 SE | 4878 | &nbsp;&nbsp;&nbsp; 372579 |
| Siemens AG | 49941 | &nbsp;&nbsp;&nbsp; 11808115 |
| Siemens Energy AG | 51159 | &nbsp;&nbsp;&nbsp; 8392931 |
| Siemens Healthineers AG | 21746 | &nbsp;&nbsp;&nbsp; 909371 |
| Symrise AG | 9551 | &nbsp;&nbsp;&nbsp; 806114 |
| Talanx AG | 4700 | &nbsp;&nbsp;&nbsp; 570180 |
| Vonovia SE | 46872 | &nbsp;&nbsp;&nbsp; 1163632 |
| Zalando SE (a) | 12812 | &nbsp;&nbsp;&nbsp; 305544 |
|  |  | &nbsp;&nbsp;&nbsp; 114565255 |
| **Hong Kong — 1.8%** | **Hong Kong — 1.8%** | **Hong Kong — 1.8%** |
| AIA Group Ltd.  | 687200 | &nbsp;&nbsp;&nbsp; 7720886 |
| CK Asset Holdings Ltd.  | 110940 | &nbsp;&nbsp;&nbsp; 633789 |
| CK Infrastructure Holdings Ltd.  | 53000 | &nbsp;&nbsp;&nbsp; 423068 |
| CLP Holdings Ltd.  | 103377 | &nbsp;&nbsp;&nbsp; 973454 |
| Futu Holdings Ltd. (ADR) (a) | 3600 | &nbsp;&nbsp;&nbsp; 492336 |
| Henderson Land Development Co. Ltd.  | 105311 | &nbsp;&nbsp;&nbsp; 390643 |
| HKT Trust & HKT Ltd.  | 266980 | &nbsp;&nbsp;&nbsp; 416308 |

---

**BHFTII-199**

------

**Brighthouse Funds Trust II**

**MetLife MSCI EAFE Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Hong Kong — (Continued)** | **Hong Kong — (Continued)** | **Hong Kong — (Continued)** |
| Hong Kong & China Gas Co. Ltd. (b) | 775531 | &nbsp;&nbsp;&nbsp; $710975 |
| Hong Kong Exchanges & Clearing Ltd.  | 78600 | &nbsp;&nbsp;&nbsp; 3984374 |
| Hongkong Land Holdings Ltd.  | 63600 | &nbsp;&nbsp;&nbsp; 497444 |
| Link REIT (REIT) | 165849 | &nbsp;&nbsp;&nbsp; 767989 |
| MTR Corp. Ltd.  | 113500 | &nbsp;&nbsp;&nbsp; 465824 |
| Power Assets Holdings Ltd.  | 81049 | &nbsp;&nbsp;&nbsp; 631558 |
| Prudential PLC | 166891 | &nbsp;&nbsp;&nbsp; 2318732 |
| Sino Land Co. Ltd.  | 253600 | &nbsp;&nbsp;&nbsp; 377946 |
| Sun Hung Kai Properties Ltd.  | 98750 | &nbsp;&nbsp;&nbsp; 1673918 |
| Swire Pacific Ltd. - Class A | 23500 | &nbsp;&nbsp;&nbsp; 257772 |
| Techtronic Industries Co. Ltd.  | 94500 | &nbsp;&nbsp;&nbsp; 1258016 |
| WH Group Ltd.  | 577500 | &nbsp;&nbsp;&nbsp; 761060 |
| Wharf Real Estate Investment Co. Ltd.  | 117976 | &nbsp;&nbsp;&nbsp; 342079 |
|  |  | &nbsp;&nbsp;&nbsp; 25098171 |
| **Indonesia — 0.1%** | **Indonesia — 0.1%** | **Indonesia — 0.1%** |
| Jardine Matheson Holdings Ltd.  | 9700 | &nbsp;&nbsp;&nbsp; 696328 |
| **Ireland — 0.4%** | **Ireland — 0.4%** | **Ireland — 0.4%** |
| AerCap Holdings NV | 11400 | &nbsp;&nbsp;&nbsp; 1563852 |
| AIB Group PLC | 131960 | &nbsp;&nbsp;&nbsp; 1399084 |
| Bank of Ireland Group PLC | 65400 | &nbsp;&nbsp;&nbsp; 1193073 |
| Kerry Group PLC - Class A | 10402 | &nbsp;&nbsp;&nbsp; 821195 |
| Kingspan Group PLC | 10806 | &nbsp;&nbsp;&nbsp; 909245 |
|  |  | &nbsp;&nbsp;&nbsp; 5886449 |
| **Israel — 1.0%** | **Israel — 1.0%** | **Israel — 1.0%** |
| Azrieli Group Ltd.  | 2906 | &nbsp;&nbsp;&nbsp; 387585 |
| Bank Hapoalim BM | 81606 | &nbsp;&nbsp;&nbsp; 1902117 |
| Bank Leumi Le-Israel BM | 100219 | &nbsp;&nbsp;&nbsp; 2224069 |
| Check Point Software Technologies Ltd. (a) | 5900 | &nbsp;&nbsp;&nbsp; 842815 |
| CyberArk Software Ltd. (a) | 3495 | &nbsp;&nbsp;&nbsp; 157275 |
| Elbit Systems Ltd.  | 1793 | &nbsp;&nbsp;&nbsp; 1495717 |
| ICL Group Ltd.  | 54671 | &nbsp;&nbsp;&nbsp; 280519 |
| Israel Discount Bank Ltd. - Class A | 75470 | &nbsp;&nbsp;&nbsp; 753526 |
| Mizrahi Tefahot Bank Ltd.  | 10046 | &nbsp;&nbsp;&nbsp; 725437 |
| Nice Ltd. (a) | 3118 | &nbsp;&nbsp;&nbsp; 342351 |
| Nova Ltd. (a) | 1656 | &nbsp;&nbsp;&nbsp; 732556 |
| Phoenix Financial Ltd.  | 16194 | &nbsp;&nbsp;&nbsp; 856619 |
| Teva Pharmaceutical Industries Ltd. (ADR) (a) | 75753 | &nbsp;&nbsp;&nbsp; 2281680 |
| Tower Semiconductor Ltd. (a) | 7395 | &nbsp;&nbsp;&nbsp; 1291286 |
|  |  | &nbsp;&nbsp;&nbsp; 14273552 |
| **Italy — 3.1%** | **Italy — 3.1%** | **Italy — 3.1%** |
| Banca Mediolanum SpA | 17400 | &nbsp;&nbsp;&nbsp; 352285 |
| Banca Monte dei Paschi di Siena SpA | 120077 | &nbsp;&nbsp;&nbsp; 1042947 |
| Banco BPM SpA | 75100 | &nbsp;&nbsp;&nbsp; 1045944 |
| BPER Banca SpA | 100388 | &nbsp;&nbsp;&nbsp; 1306307 |
| Coca-Cola HBC AG - Class DI | 14629 | &nbsp;&nbsp;&nbsp; 826234 |
| Davide Campari-Milano NV (b) | 24339 | &nbsp;&nbsp;&nbsp; 172799 |
| Enel SpA | 534919 | &nbsp;&nbsp;&nbsp; 5805197 |
| Eni SpA (b) | 136404 | &nbsp;&nbsp;&nbsp; 3861136 |
| Ferrari NV | 8402 | &nbsp;&nbsp;&nbsp; 2823223 |
| FinecoBank Banca Fineco SpA | 42420 | &nbsp;&nbsp;&nbsp; 938875 |
| Generali | 55741 | &nbsp;&nbsp;&nbsp; 2240423 |
| Intesa Sanpaolo SpA | 915419 | &nbsp;&nbsp;&nbsp; 5547001 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Italy — (Continued)** | **Italy — (Continued)** | **Italy — (Continued)** |
| Italgas SpA | 40000 | &nbsp;&nbsp;&nbsp; $464434 |
| Leonardo SpA | 27077 | &nbsp;&nbsp;&nbsp; 1812966 |
| Moncler SpA | 15568 | &nbsp;&nbsp;&nbsp; 935278 |
| Poste Italiane SpA | 29702 | &nbsp;&nbsp;&nbsp; 696611 |
| Prysmian SpA | 18399 | &nbsp;&nbsp;&nbsp; 2144670 |
| Recordati Industria Chimica e Farmaceutica SpA | 8827 | &nbsp;&nbsp;&nbsp; 500534 |
| Ryanair Holdings PLC | 51845 | &nbsp;&nbsp;&nbsp; 1464153 |
| Snam SpA | 137329 | &nbsp;&nbsp;&nbsp; 1041156 |
| Telecom Italia SpA (a) (b) | 806542 | &nbsp;&nbsp;&nbsp; 563142 |
| Terna - Rete Elettrica Nazionale | 81634 | &nbsp;&nbsp;&nbsp; 931908 |
| UniCredit SpA | 92123 | &nbsp;&nbsp;&nbsp; 6617184 |
| Unipol Assicurazioni SpA | 19892 | &nbsp;&nbsp;&nbsp; 464188 |
|  |  | &nbsp;&nbsp;&nbsp; 43598595 |
| **Ivory Coast — 0.1%** | **Ivory Coast — 0.1%** | **Ivory Coast — 0.1%** |
| Endeavour Mining PLC | 13436 | &nbsp;&nbsp;&nbsp; 810403 |
| **Japan — 22.0%** | **Japan — 22.0%** | **Japan — 22.0%** |
| Advantest Corp.  | 50400 | &nbsp;&nbsp;&nbsp; 6802400 |
| Aeon Co. Ltd.  | 142000 | &nbsp;&nbsp;&nbsp; 1690748 |
| AGC, Inc.  | 10900 | &nbsp;&nbsp;&nbsp; 383467 |
| Aisin Corp.  | 32799 | &nbsp;&nbsp;&nbsp; 452928 |
| Ajinomoto Co., Inc.  | 56500 | &nbsp;&nbsp;&nbsp; 1580348 |
| ANA Holdings, Inc.  | 8100 | &nbsp;&nbsp;&nbsp; 143671 |
| Asahi Group Holdings Ltd.  | 107400 | &nbsp;&nbsp;&nbsp; 1075255 |
| Asahi Kasei Corp.  | 90000 | &nbsp;&nbsp;&nbsp; 869386 |
| Asics Corp.  | 49000 | &nbsp;&nbsp;&nbsp; 1299818 |
| Astellas Pharma, Inc.  | 118800 | &nbsp;&nbsp;&nbsp; 1934952 |
| Bandai Namco Holdings, Inc.  | 39200 | &nbsp;&nbsp;&nbsp; 965916 |
| Bridgestone Corp.  | 78400 | &nbsp;&nbsp;&nbsp; 1623324 |
| Canon, Inc. (b) | 59600 | &nbsp;&nbsp;&nbsp; 1655820 |
| Capcom Co. Ltd.  | 25800 | &nbsp;&nbsp;&nbsp; 545760 |
| Central Japan Railway Co.  | 49500 | &nbsp;&nbsp;&nbsp; 1278704 |
| Chiba Bank Ltd.  | 31500 | &nbsp;&nbsp;&nbsp; 404880 |
| Chubu Electric Power Co., Inc.  | 48900 | &nbsp;&nbsp;&nbsp; 800825 |
| Chugai Pharmaceutical Co. Ltd.  | 45100 | &nbsp;&nbsp;&nbsp; 2489270 |
| Dai Nippon Printing Co. Ltd.  | 21500 | &nbsp;&nbsp;&nbsp; 389478 |
| Daifuku Co. Ltd.  | 23100 | &nbsp;&nbsp;&nbsp; 805097 |
| Dai-ichi Life Holdings, Inc.  | 225300 | &nbsp;&nbsp;&nbsp; 2053826 |
| Daiichi Sankyo Co. Ltd.  | 113099 | &nbsp;&nbsp;&nbsp; 1989163 |
| Daikin Industries Ltd.  | 17400 | &nbsp;&nbsp;&nbsp; 2105788 |
| Daito Trust Construction Co. Ltd.  | 19700 | &nbsp;&nbsp;&nbsp; 457714 |
| Daiwa House Industry Co. Ltd. (b) | 35800 | &nbsp;&nbsp;&nbsp; 1116385 |
| Daiwa Securities Group, Inc. (b) | 79300 | &nbsp;&nbsp;&nbsp; 744102 |
| Denso Corp.  | 117200 | &nbsp;&nbsp;&nbsp; 1451643 |
| Disco Corp.  | 5900 | &nbsp;&nbsp;&nbsp; 2358390 |
| East Japan Railway Co.  | 67100 | &nbsp;&nbsp;&nbsp; 1527661 |
| Ebara Corp.  | 32000 | &nbsp;&nbsp;&nbsp; 899498 |
| Eisai Co. Ltd.  | 14700 | &nbsp;&nbsp;&nbsp; 455729 |
| ENEOS Holdings, Inc.  | 168100 | &nbsp;&nbsp;&nbsp; 1496473 |
| FANUC Corp.  | 61600 | &nbsp;&nbsp;&nbsp; 2140297 |
| Fast Retailing Co. Ltd.  | 12700 | &nbsp;&nbsp;&nbsp; 5042525 |
| Fuji Electric Co. Ltd.  | 9800 | &nbsp;&nbsp;&nbsp; 684600 |
| FUJIFILM Holdings Corp.  | 76800 | &nbsp;&nbsp;&nbsp; 1456101 |
| Fujikura Ltd.  | 102000 | &nbsp;&nbsp;&nbsp; 2768600 |
| Fujitsu Ltd.  | 116400 | &nbsp;&nbsp;&nbsp; 2359822 |

---

**BHFTII-200**

------

**Brighthouse Funds Trust II**

**MetLife MSCI EAFE Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Hankyu Hanshin Holdings, Inc. (b) | 12300 | &nbsp;&nbsp;&nbsp; $354710 |
| Hikari Tsushin, Inc.  | 1500 | &nbsp;&nbsp;&nbsp; 378827 |
| Hitachi Ltd.  | 299700 | &nbsp;&nbsp;&nbsp; 8737722 |
| Honda Motor Co. Ltd. (b) | 235300 | &nbsp;&nbsp;&nbsp; 1900046 |
| Hoya Corp.  | 22500 | &nbsp;&nbsp;&nbsp; 3871767 |
| Hulic Co. Ltd.  | 38200 | &nbsp;&nbsp;&nbsp; 443613 |
| Ibiden Co. Ltd.  | 16000 | &nbsp;&nbsp;&nbsp; 782780 |
| Idemitsu Kosan Co. Ltd.  | 49440 | &nbsp;&nbsp;&nbsp; 479476 |
| IHI Corp.  | 66200 | &nbsp;&nbsp;&nbsp; 1349711 |
| Inpex Corp.  | 58300 | &nbsp;&nbsp;&nbsp; 1706489 |
| Isuzu Motors Ltd.  | 31400 | &nbsp;&nbsp;&nbsp; 449955 |
| ITOCHU Corp.  | 389300 | &nbsp;&nbsp;&nbsp; 4936190 |
| Japan Exchange Group, Inc.  | 65600 | &nbsp;&nbsp;&nbsp; 759829 |
| Japan Post Bank Co. Ltd.  | 116400 | &nbsp;&nbsp;&nbsp; 1910395 |
| Japan Post Holdings Co. Ltd.  | 122900 | &nbsp;&nbsp;&nbsp; 1406575 |
| Japan Post Insurance Co. Ltd.  | 29400 | &nbsp;&nbsp;&nbsp; 296302 |
| Japan Tobacco, Inc.  | 76400 | &nbsp;&nbsp;&nbsp; 2924410 |
| JFE Holdings, Inc. (b) | 32400 | &nbsp;&nbsp;&nbsp; 376491 |
| JX Advanced Metals Corp. (b) | 38700 | &nbsp;&nbsp;&nbsp; 839161 |
| Kajima Corp.  | 27800 | &nbsp;&nbsp;&nbsp; 1053513 |
| Kansai Electric Power Co., Inc. (b) | 62500 | &nbsp;&nbsp;&nbsp; 1026973 |
| Kao Corp. (b) | 30400 | &nbsp;&nbsp;&nbsp; 1185010 |
| Kawasaki Heavy Industries Ltd.  | 54000 | &nbsp;&nbsp;&nbsp; 1022121 |
| Kawasaki Kisen Kaisha Ltd.  | 20000 | &nbsp;&nbsp;&nbsp; 335891 |
| KDDI Corp.  | 191400 | &nbsp;&nbsp;&nbsp; 3269775 |
| Keyence Corp.  | 12900 | &nbsp;&nbsp;&nbsp; 4557547 |
| Kikkoman Corp. (b) | 48600 | &nbsp;&nbsp;&nbsp; 441947 |
| Kioxia Holdings Corp. (a) | 13100 | &nbsp;&nbsp;&nbsp; 1661322 |
| Kirin Holdings Co. Ltd.  | 52800 | &nbsp;&nbsp;&nbsp; 838039 |
| Komatsu Ltd.  | 62100 | &nbsp;&nbsp;&nbsp; 2431832 |
| Konami Group Corp.  | 7100 | &nbsp;&nbsp;&nbsp; 881244 |
| Kubota Corp.  | 63600 | &nbsp;&nbsp;&nbsp; 1001119 |
| Kyocera Corp.  | 80500 | &nbsp;&nbsp;&nbsp; 1241478 |
| Kyowa Kirin Co. Ltd.  | 15300 | &nbsp;&nbsp;&nbsp; 252124 |
| Lasertec Corp.  | 5300 | &nbsp;&nbsp;&nbsp; 1165765 |
| LY Corp. (b) | 195400 | &nbsp;&nbsp;&nbsp; 472436 |
| M3, Inc. (b) | 25900 | &nbsp;&nbsp;&nbsp; 263773 |
| Makita Corp.  | 14100 | &nbsp;&nbsp;&nbsp; 456845 |
| Marubeni Corp.  | 90600 | &nbsp;&nbsp;&nbsp; 3323407 |
| MatsukiyoCocokara & Co.  | 24000 | &nbsp;&nbsp;&nbsp; 382602 |
| Minebea Mitsumi, Inc. (b) | 20500 | &nbsp;&nbsp;&nbsp; 335463 |
| Mitsubishi Chemical Group Corp.  | 70400 | &nbsp;&nbsp;&nbsp; 406702 |
| Mitsubishi Corp.  | 214799 | &nbsp;&nbsp;&nbsp; 7358606 |
| Mitsubishi Electric Corp.  | 122600 | &nbsp;&nbsp;&nbsp; 3994118 |
| Mitsubishi Estate Co. Ltd.  | 72600 | &nbsp;&nbsp;&nbsp; 2004077 |
| Mitsubishi HC Capital, Inc. (b) | 68400 | &nbsp;&nbsp;&nbsp; 609630 |
| Mitsubishi Heavy Industries Ltd.  | 208900 | &nbsp;&nbsp;&nbsp; 5684865 |
| Mitsubishi UFJ Financial Group, Inc.  | 740988 | &nbsp;&nbsp;&nbsp; 12489189 |
| Mitsui & Co. Ltd.  | 163734 | &nbsp;&nbsp;&nbsp; 6288548 |
| Mitsui Fudosan Co. Ltd.  | 181400 | &nbsp;&nbsp;&nbsp; 1915393 |
| Mitsui OSK Lines Ltd. (b) | 23600 | &nbsp;&nbsp;&nbsp; 974417 |
| Mizuho Financial Group, Inc.  | 164050 | &nbsp;&nbsp;&nbsp; 6532185 |
| MonotaRO Co. Ltd.  | 21300 | &nbsp;&nbsp;&nbsp; 228426 |
| MS&AD Insurance Group Holdings, Inc.  | 83300 | &nbsp;&nbsp;&nbsp; 2174642 |
| Murata Manufacturing Co. Ltd.  | 109200 | &nbsp;&nbsp;&nbsp; 2442417 |
| NEC Corp.  | 87800 | &nbsp;&nbsp;&nbsp; 2182124 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Nexon Co. Ltd.  | 25700 | &nbsp;&nbsp;&nbsp; $483220 |
| NIDEC Corp.  | 59800 | &nbsp;&nbsp;&nbsp; 750786 |
| Nintendo Co. Ltd.  | 73900 | &nbsp;&nbsp;&nbsp; 4206593 |
| Nippon Building Fund, Inc. (REIT) | 440 | &nbsp;&nbsp;&nbsp; 368426 |
| Nippon Paint Holdings Co. Ltd.  | 69100 | &nbsp;&nbsp;&nbsp; 430255 |
| Nippon Sanso Holdings Corp.  | 9200 | &nbsp;&nbsp;&nbsp; 327674 |
| Nippon Steel Corp. (b) | 301300 | &nbsp;&nbsp;&nbsp; 1104214 |
| Nippon Yusen KK (b) | 27100 | &nbsp;&nbsp;&nbsp; 992224 |
| Nissan Motor Co. Ltd. (a) | 156800 | &nbsp;&nbsp;&nbsp; 332026 |
| Nitori Holdings Co. Ltd.  | 23500 | &nbsp;&nbsp;&nbsp; 372335 |
| Nitto Denko Corp.  | 48900 | &nbsp;&nbsp;&nbsp; 975979 |
| Nomura Holdings, Inc.  | 195500 | &nbsp;&nbsp;&nbsp; 1542586 |
| Nomura Research Institute Ltd. (b) | 26900 | &nbsp;&nbsp;&nbsp; 743529 |
| NTT, Inc.  | 2070200 | &nbsp;&nbsp;&nbsp; 2050380 |
| Obayashi Corp.  | 42100 | &nbsp;&nbsp;&nbsp; 1011400 |
| Obic Co. Ltd.  | 22000 | &nbsp;&nbsp;&nbsp; 534812 |
| Olympus Corp. (b) | 68500 | &nbsp;&nbsp;&nbsp; 650569 |
| Oriental Land Co. Ltd. (b) | 74700 | &nbsp;&nbsp;&nbsp; 1268601 |
| ORIX Corp.  | 75000 | &nbsp;&nbsp;&nbsp; 2241560 |
| Osaka Gas Co. Ltd.  | 23500 | &nbsp;&nbsp;&nbsp; 950663 |
| Otsuka Corp.  | 19300 | &nbsp;&nbsp;&nbsp; 369230 |
| Otsuka Holdings Co. Ltd.  | 27200 | &nbsp;&nbsp;&nbsp; 1915309 |
| Pan Pacific International Holdings Corp.  | 130000 | &nbsp;&nbsp;&nbsp; 795519 |
| Panasonic Holdings Corp.  | 150200 | &nbsp;&nbsp;&nbsp; 2487913 |
| Rakuten Group, Inc. (a) | 112300 | &nbsp;&nbsp;&nbsp; 522522 |
| Recruit Holdings Co. Ltd.  | 94000 | &nbsp;&nbsp;&nbsp; 4056685 |
| Renesas Electronics Corp.  | 115500 | &nbsp;&nbsp;&nbsp; 1636191 |
| Resona Holdings, Inc.  | 133600 | &nbsp;&nbsp;&nbsp; 1482965 |
| Ryohin Keikaku Co. Ltd.  | 36200 | &nbsp;&nbsp;&nbsp; 767988 |
| Sanrio Co. Ltd. (b) | 70000 | &nbsp;&nbsp;&nbsp; 430907 |
| SBI Holdings, Inc.  | 40822 | &nbsp;&nbsp;&nbsp; 758568 |
| SCREEN Holdings Co. Ltd. (b) | 10000 | &nbsp;&nbsp;&nbsp; 587769 |
| Secom Co. Ltd.  | 24700 | &nbsp;&nbsp;&nbsp; 946120 |
| Seibu Holdings, Inc.  | 14600 | &nbsp;&nbsp;&nbsp; 406704 |
| Sekisui Chemical Co. Ltd.  | 20400 | &nbsp;&nbsp;&nbsp; 339287 |
| Sekisui House Ltd.  | 37300 | &nbsp;&nbsp;&nbsp; 830672 |
| Seven & i Holdings Co. Ltd.  | 133200 | &nbsp;&nbsp;&nbsp; 1788453 |
| Shimadzu Corp.  | 13300 | &nbsp;&nbsp;&nbsp; 314752 |
| Shimano, Inc.  | 4100 | &nbsp;&nbsp;&nbsp; 428606 |
| Shimizu Corp.  | 33000 | &nbsp;&nbsp;&nbsp; 593450 |
| Shin-Etsu Chemical Co. Ltd.  | 108900 | &nbsp;&nbsp;&nbsp; 4420155 |
| Shionogi & Co. Ltd.  | 52200 | &nbsp;&nbsp;&nbsp; 1158590 |
| Shiseido Co. Ltd.  | 22200 | &nbsp;&nbsp;&nbsp; 454213 |
| SMC Corp.  | 3700 | &nbsp;&nbsp;&nbsp; 1443715 |
| SoftBank Corp. (b) | 1966200 | &nbsp;&nbsp;&nbsp; 2617630 |
| SoftBank Group Corp.  | 244100 | &nbsp;&nbsp;&nbsp; 5852535 |
| Sompo Holdings, Inc.  | 59497 | &nbsp;&nbsp;&nbsp; 2319120 |
| Sony Financial Group, Inc. (b) | 421900 | &nbsp;&nbsp;&nbsp; 383415 |
| Sony Group Corp.  | 399500 | &nbsp;&nbsp;&nbsp; 8220283 |
| Subaru Corp.  | 40300 | &nbsp;&nbsp;&nbsp; 642247 |
| Sumitomo Corp. (b) | 73900 | &nbsp;&nbsp;&nbsp; 2743828 |
| Sumitomo Electric Industries Ltd.  | 46134 | &nbsp;&nbsp;&nbsp; 2577030 |
| Sumitomo Metal Mining Co. Ltd.  | 16300 | &nbsp;&nbsp;&nbsp; 942684 |
| Sumitomo Mitsui Financial Group, Inc. (b) | 240900 | &nbsp;&nbsp;&nbsp; 7921725 |
| Sumitomo Mitsui Trust Group, Inc.  | 40752 | &nbsp;&nbsp;&nbsp; 1293711 |
| Sumitomo Realty & Development Co. Ltd.  | 39600 | &nbsp;&nbsp;&nbsp; 1110649 |

---

**BHFTII-201**

------

**Brighthouse Funds Trust II**

**MetLife MSCI EAFE Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Suntory Beverage & Food Ltd.  | 11800 | &nbsp;&nbsp;&nbsp; $332872 |
| Suzuki Motor Corp.  | 104400 | &nbsp;&nbsp;&nbsp; 1247786 |
| Sysmex Corp.  | 31300 | &nbsp;&nbsp;&nbsp; 272209 |
| T&D Holdings, Inc.  | 33000 | &nbsp;&nbsp;&nbsp; 836704 |
| Taisei Corp.  | 8900 | &nbsp;&nbsp;&nbsp; 927210 |
| Takeda Pharmaceutical Co. Ltd.  | 102348 | &nbsp;&nbsp;&nbsp; 3766568 |
| TDK Corp.  | 134200 | &nbsp;&nbsp;&nbsp; 1735760 |
| Terumo Corp.  | 91800 | &nbsp;&nbsp;&nbsp; 1226198 |
| TIS, Inc.  | 12300 | &nbsp;&nbsp;&nbsp; 264771 |
| Toho Co. Ltd.  | 32500 | &nbsp;&nbsp;&nbsp; 342005 |
| Tokio Marine Holdings, Inc.  | 120100 | &nbsp;&nbsp;&nbsp; 5594833 |
| Tokyo Electron Ltd.  | 29200 | &nbsp;&nbsp;&nbsp; 7123640 |
| Tokyo Gas Co. Ltd.  | 22700 | &nbsp;&nbsp;&nbsp; 1069230 |
| Tokyu Corp.  | 33100 | &nbsp;&nbsp;&nbsp; 390025 |
| TOPPAN Holdings, Inc.  | 16100 | &nbsp;&nbsp;&nbsp; 425620 |
| Toray Industries, Inc.  | 89200 | &nbsp;&nbsp;&nbsp; 627379 |
| Toyota Industries Corp. (a) (b) | 2000 | &nbsp;&nbsp;&nbsp; 256693 |
| Toyota Motor Corp.  | 622900 | &nbsp;&nbsp;&nbsp; 12881030 |
| Toyota Tsusho Corp.  | 43700 | &nbsp;&nbsp;&nbsp; 1705882 |
| Tsuruha Holdings, Inc.  | 17800 | &nbsp;&nbsp;&nbsp; 280301 |
| Unicharm Corp. (b) | 80100 | &nbsp;&nbsp;&nbsp; 465309 |
| West Japan Railway Co.  | 28500 | &nbsp;&nbsp;&nbsp; 564700 |
| Yamaha Motor Co. Ltd.  | 71200 | &nbsp;&nbsp;&nbsp; 506277 |
| Yokogawa Electric Corp.  | 12900 | &nbsp;&nbsp;&nbsp; 398625 |
| Yokohama Financial Group, Inc.  | 75000 | &nbsp;&nbsp;&nbsp; 665165 |
| Zensho Holdings Co. Ltd.  | 4800 | &nbsp;&nbsp;&nbsp; 277753 |
|  |  | &nbsp;&nbsp;&nbsp; 306173895 |
| **Luxembourg — 0.1%** | **Luxembourg — 0.1%** | **Luxembourg — 0.1%** |
| ArcelorMittal SA | 28010 | &nbsp;&nbsp;&nbsp; 1454755 |
| Eurofins Scientific SE | 8354 | &nbsp;&nbsp;&nbsp; 609016 |
|  |  | &nbsp;&nbsp;&nbsp; 2063771 |
| **Macau — 0.1%** | **Macau — 0.1%** | **Macau — 0.1%** |
| Galaxy Entertainment Group Ltd.  | 129000 | &nbsp;&nbsp;&nbsp; 581638 |
| Sands China Ltd.  | 115200 | &nbsp;&nbsp;&nbsp; 244875 |
|  |  | &nbsp;&nbsp;&nbsp; 826513 |
| **Mexico — 0.1%** | **Mexico — 0.1%** | **Mexico — 0.1%** |
| Fresnillo PLC | 15844 | &nbsp;&nbsp;&nbsp; 699283 |
| **Netherlands — 4.6%** | **Netherlands — 4.6%** | **Netherlands — 4.6%** |
| ABN AMRO Bank NV | 36402 | &nbsp;&nbsp;&nbsp; 1160646 |
| Adyen NV (a) | 1679 | &nbsp;&nbsp;&nbsp; 1674783 |
| Akzo Nobel NV (b) | 11505 | &nbsp;&nbsp;&nbsp; 658131 |
| Argenx SE (a) | 4103 | &nbsp;&nbsp;&nbsp; 2980048 |
| ASM International NV | 3010 | &nbsp;&nbsp;&nbsp; 2285559 |
| ASML Holding NV | 25511 | &nbsp;&nbsp;&nbsp; 33660664 |
| ASR Nederland NV | 10316 | &nbsp;&nbsp;&nbsp; 708446 |
| BE Semiconductor Industries NV | 5103 | &nbsp;&nbsp;&nbsp; 1073271 |
| Euronext NV | 5623 | &nbsp;&nbsp;&nbsp; 901877 |
| EXOR NV | 6328 | &nbsp;&nbsp;&nbsp; 483458 |
| Heineken Holding NV | 8298 | &nbsp;&nbsp;&nbsp; 591666 |
| Heineken NV | 18702 | &nbsp;&nbsp;&nbsp; 1434636 |
| ING Groep NV | 192143 | &nbsp;&nbsp;&nbsp; 5004704 |
| JDE Peet's NV | 11831 | &nbsp;&nbsp;&nbsp; 434229 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Netherlands — (Continued)** | **Netherlands — (Continued)** | **Netherlands — (Continued)** |
| Koninklijke Ahold Delhaize NV | 59160 | &nbsp;&nbsp;&nbsp; $2753092 |
| Koninklijke KPN NV | 232281 | &nbsp;&nbsp;&nbsp; 1287849 |
| Koninklijke Philips NV | 48241 | &nbsp;&nbsp;&nbsp; 1317134 |
| Magnum Ice Cream Co. NV (a) | 33310 | &nbsp;&nbsp;&nbsp; 490084 |
| Nebius Group NV (a) (b) | 14700 | &nbsp;&nbsp;&nbsp; 1525272 |
| NN Group NV | 17156 | &nbsp;&nbsp;&nbsp; 1337727 |
| Randstad NV (b) | 9162 | &nbsp;&nbsp;&nbsp; 239944 |
| Universal Music Group NV | 68058 | &nbsp;&nbsp;&nbsp; 1315489 |
| Wolters Kluwer NV | 15600 | &nbsp;&nbsp;&nbsp; 1163353 |
|  |  | &nbsp;&nbsp;&nbsp; 64482062 |
| **New Zealand — 0.2%** | **New Zealand — 0.2%** | **New Zealand — 0.2%** |
| Auckland International Airport Ltd.  | 115285 | &nbsp;&nbsp;&nbsp; 524935 |
| Contact Energy Ltd.  | 56452 | &nbsp;&nbsp;&nbsp; 299127 |
| Fisher & Paykel Healthcare Corp. Ltd.  | 38591 | &nbsp;&nbsp;&nbsp; 829813 |
| Infratil Ltd.  | 68400 | &nbsp;&nbsp;&nbsp; 457163 |
| Meridian Energy Ltd.  | 91341 | &nbsp;&nbsp;&nbsp; 289812 |
| Xero Ltd. (a) | 11150 | &nbsp;&nbsp;&nbsp; 592054 |
|  |  | &nbsp;&nbsp;&nbsp; 2992904 |
| **Nigeria — 0.0%** | **Nigeria — 0.0%** | **Nigeria — 0.0%** |
| Airtel Africa PLC | 61025 | &nbsp;&nbsp;&nbsp; 280482 |
| **Norway — 0.7%** | **Norway — 0.7%** | **Norway — 0.7%** |
| Aker BP ASA | 23020 | &nbsp;&nbsp;&nbsp; 840092 |
| DNB Bank ASA | 57425 | &nbsp;&nbsp;&nbsp; 1780265 |
| Equinor ASA | 47275 | &nbsp;&nbsp;&nbsp; 1989043 |
| Gjensidige Forsikring ASA | 14071 | &nbsp;&nbsp;&nbsp; 365132 |
| Kongsberg Gruppen ASA | 26424 | &nbsp;&nbsp;&nbsp; 1124686 |
| Mowi ASA | 27202 | &nbsp;&nbsp;&nbsp; 614201 |
| Norsk Hydro ASA | 95900 | &nbsp;&nbsp;&nbsp; 1010803 |
| Orkla ASA | 51065 | &nbsp;&nbsp;&nbsp; 638398 |
| Salmar ASA | 4072 | &nbsp;&nbsp;&nbsp; 236444 |
| Telenor ASA | 41881 | &nbsp;&nbsp;&nbsp; 733233 |
|  |  | &nbsp;&nbsp;&nbsp; 9332297 |
| **Poland — 0.0%** | **Poland — 0.0%** | **Poland — 0.0%** |
| InPost SA (a) | 16885 | &nbsp;&nbsp;&nbsp; 295485 |
| **Portugal — 0.2%** | **Portugal — 0.2%** | **Portugal — 0.2%** |
| Banco Comercial Portugues SA - Class R | 406137 | &nbsp;&nbsp;&nbsp; 396885 |
| EDP SA | 220044 | &nbsp;&nbsp;&nbsp; 1161308 |
| Galp Energia SGPS SA | 28401 | &nbsp;&nbsp;&nbsp; 688291 |
| Jeronimo Martins SGPS SA | 16393 | &nbsp;&nbsp;&nbsp; 392010 |
|  |  | &nbsp;&nbsp;&nbsp; 2638494 |
| **Singapore — 1.7%** | **Singapore — 1.7%** | **Singapore — 1.7%** |
| CapitaLand Ascendas (REIT) | 280644 | &nbsp;&nbsp;&nbsp; 540369 |
| CapitaLand Integrated Commercial Trust (REIT) | 419585 | &nbsp;&nbsp;&nbsp; 750969 |
| CapitaLand Investment Ltd.  | 170600 | &nbsp;&nbsp;&nbsp; 362395 |
| DBS Group Holdings Ltd.  | 137553 | &nbsp;&nbsp;&nbsp; 6090857 |
| Grab Holdings Ltd. - Class A (a) | 178300 | &nbsp;&nbsp;&nbsp; 652578 |
| Keppel Ltd.  | 93000 | &nbsp;&nbsp;&nbsp; 860124 |
| Oversea-Chinese Banking Corp. Ltd.  | 226864 | &nbsp;&nbsp;&nbsp; 3893797 |
| Sea Ltd. (ADR) (a) | 26000 | &nbsp;&nbsp;&nbsp; 2153060 |
| Sembcorp Industries Ltd.  | 52000 | &nbsp;&nbsp;&nbsp; 269120 |

---

**BHFTII-202**

------

**Brighthouse Funds Trust II**

**MetLife MSCI EAFE Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Singapore — (Continued)** | **Singapore — (Continued)** | **Singapore — (Continued)** |
| Singapore Airlines Ltd.  | 86540 | &nbsp;&nbsp;&nbsp; $446261 |
| Singapore Exchange Ltd.  | 50200 | &nbsp;&nbsp;&nbsp; 767606 |
| Singapore Technologies Engineering Ltd.  | 100700 | &nbsp;&nbsp;&nbsp; 855273 |
| Singapore Telecommunications Ltd.  | 475520 | &nbsp;&nbsp;&nbsp; 1834460 |
| STMicroelectronics NV | 42835 | &nbsp;&nbsp;&nbsp; 1465829 |
| United Overseas Bank Ltd.  | 85192 | &nbsp;&nbsp;&nbsp; 2441807 |
|  |  | &nbsp;&nbsp;&nbsp; 23384505 |
| **South Africa — 0.2%** | **South Africa — 0.2%** | **South Africa — 0.2%** |
| Anglo American PLC | 73506 | &nbsp;&nbsp;&nbsp; 3111319 |
| **South Korea — 0.0%** | **South Korea — 0.0%** | **South Korea — 0.0%** |
| Delivery Hero SE (a) | 15606 | &nbsp;&nbsp;&nbsp; 277619 |
| **Spain — 3.6%** | **Spain — 3.6%** | **Spain — 3.6%** |
| Acciona SA | 1647 | &nbsp;&nbsp;&nbsp; 433283 |
| ACS Actividades de Construccion y Servicios SA | 11397 | &nbsp;&nbsp;&nbsp; 1405840 |
| Aena SME SA | 48731 | &nbsp;&nbsp;&nbsp; 1446395 |
| Amadeus IT Group SA | 30609 | &nbsp;&nbsp;&nbsp; 1734482 |
| Banco Bilbao Vizcaya Argentaria SA | 374527 | &nbsp;&nbsp;&nbsp; 8148730 |
| Banco de Sabadell SA | 345943 | &nbsp;&nbsp;&nbsp; 1239843 |
| Banco Santander SA | 965269 | &nbsp;&nbsp;&nbsp; 10887834 |
| Bankinter SA (b) | 39518 | &nbsp;&nbsp;&nbsp; 620150 |
| CaixaBank SA | 251221 | &nbsp;&nbsp;&nbsp; 3004729 |
| Cellnex Telecom SA (a) | 28839 | &nbsp;&nbsp;&nbsp; 933372 |
| EDP Renovaveis SA | 17922 | &nbsp;&nbsp;&nbsp; 285868 |
| Endesa SA | 20290 | &nbsp;&nbsp;&nbsp; 852938 |
| Grifols SA | 21632 | &nbsp;&nbsp;&nbsp; 226482 |
| Iberdrola SA (b) | 425441 | &nbsp;&nbsp;&nbsp; 9735463 |
| Indra Sistemas SA | 5224 | &nbsp;&nbsp;&nbsp; 286950 |
| Industria de Diseno Textil SA | 70828 | &nbsp;&nbsp;&nbsp; 4059466 |
| Mapfre SA | 63973 | &nbsp;&nbsp;&nbsp; 285466 |
| Naturgy Energy Group SA | 13428 | &nbsp;&nbsp;&nbsp; 401883 |
| Redeia Corp. SA | 24256 | &nbsp;&nbsp;&nbsp; 409190 |
| Repsol SA | 77223 | &nbsp;&nbsp;&nbsp; 2162815 |
| Telefonica SA (b) | 257913 | &nbsp;&nbsp;&nbsp; 1136849 |
|  |  | &nbsp;&nbsp;&nbsp; 49698028 |
| **Sweden — 3.1%** | **Sweden — 3.1%** | **Sweden — 3.1%** |
| AddTech AB - B Shares | 14015 | &nbsp;&nbsp;&nbsp; 473226 |
| Alfa Laval AB | 18509 | &nbsp;&nbsp;&nbsp; 1003604 |
| Assa Abloy AB - Class B | 64972 | &nbsp;&nbsp;&nbsp; 2315344 |
| Atlas Copco AB - A Shares | 180310 | &nbsp;&nbsp;&nbsp; 3151625 |
| Atlas Copco AB - B Shares | 105670 | &nbsp;&nbsp;&nbsp; 1631571 |
| Beijer Ref AB - Class B | 30900 | &nbsp;&nbsp;&nbsp; 422001 |
| Boliden AB (a) | 18075 | &nbsp;&nbsp;&nbsp; 953439 |
| Epiroc AB - A Shares | 42316 | &nbsp;&nbsp;&nbsp; 1032430 |
| Epiroc AB - B Shares | 20963 | &nbsp;&nbsp;&nbsp; 448003 |
| EQT AB | 34329 | &nbsp;&nbsp;&nbsp; 1047597 |
| Essity AB - Class B (b) | 41914 | &nbsp;&nbsp;&nbsp; 1073706 |
| Evolution AB | 7378 | &nbsp;&nbsp;&nbsp; 457260 |
| Fastighets AB Balder - B Shares (a) | 56909 | &nbsp;&nbsp;&nbsp; 332603 |
| H & M Hennes & Mauritz AB - B Shares (b) | 31058 | &nbsp;&nbsp;&nbsp; 575407 |
| Hexagon AB - B Shares | 141287 | &nbsp;&nbsp;&nbsp; 1366102 |
| Industrivarden AB - A Shares | 8155 | &nbsp;&nbsp;&nbsp; 403281 |
| Industrivarden AB - C Shares | 11521 | &nbsp;&nbsp;&nbsp; 570204 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Sweden — (Continued)** | **Sweden — (Continued)** | **Sweden — (Continued)** |
| Indutrade AB (b) | 20334 | &nbsp;&nbsp;&nbsp; $467304 |
| Investment AB Latour - B Shares | 12782 | &nbsp;&nbsp;&nbsp; 272875 |
| Investor AB - B Shares | 121149 | &nbsp;&nbsp;&nbsp; 4557366 |
| L E Lundbergforetagen AB - B Shares | 4748 | &nbsp;&nbsp;&nbsp; 269494 |
| Lifco AB - B Shares | 12208 | &nbsp;&nbsp;&nbsp; 365011 |
| Nibe Industrier AB - B Shares | 112778 | &nbsp;&nbsp;&nbsp; 467201 |
| Saab AB - Class B (b) | 21900 | &nbsp;&nbsp;&nbsp; 1427608 |
| Sagax AB - Class B | 8782 | &nbsp;&nbsp;&nbsp; 162665 |
| Sandvik AB | 70969 | &nbsp;&nbsp;&nbsp; 2695132 |
| Securitas AB - B Shares | 35826 | &nbsp;&nbsp;&nbsp; 598484 |
| Skandinaviska Enskilda Banken AB - Class A | 101254 | &nbsp;&nbsp;&nbsp; 1848659 |
| Skanska AB - B Shares (b) | 19245 | &nbsp;&nbsp;&nbsp; 515788 |
| SKF AB - B Shares | 24851 | &nbsp;&nbsp;&nbsp; 589832 |
| Svenska Cellulosa AB SCA - Class B (b) | 36771 | &nbsp;&nbsp;&nbsp; 422949 |
| Svenska Handelsbanken AB - A Shares (b) | 94364 | &nbsp;&nbsp;&nbsp; 1224424 |
| Swedbank AB - A Shares | 57557 | &nbsp;&nbsp;&nbsp; 1941957 |
| Swedish Orphan Biovitrum AB (a) | 13739 | &nbsp;&nbsp;&nbsp; 570812 |
| Tele2 AB - B Shares | 33741 | &nbsp;&nbsp;&nbsp; 689250 |
| Telefonaktiebolaget LM Ericsson - B Shares (b) | 180722 | &nbsp;&nbsp;&nbsp; 2034255 |
| Telia Co. AB | 165986 | &nbsp;&nbsp;&nbsp; 843466 |
| Trelleborg AB - B Shares | 12900 | &nbsp;&nbsp;&nbsp; 477664 |
| Volvo AB - B Shares | 102314 | &nbsp;&nbsp;&nbsp; 3317098 |
|  |  | &nbsp;&nbsp;&nbsp; 43016697 |
| **Switzerland — 4.5%** | **Switzerland — 4.5%** | **Switzerland — 4.5%** |
| ABB Ltd.  | 102067 | &nbsp;&nbsp;&nbsp; 8260576 |
| Avolta AG | 5960 | &nbsp;&nbsp;&nbsp; 355756 |
| Banque Cantonale Vaudoise | 1980 | &nbsp;&nbsp;&nbsp; 319198 |
| Barry Callebaut AG | 185 | &nbsp;&nbsp;&nbsp; 322773 |
| Belimo Holding AG | 705 | &nbsp;&nbsp;&nbsp; 567029 |
| BKW AG | 1390 | &nbsp;&nbsp;&nbsp; 272432 |
| Chocoladefabriken Lindt & Spruengli AG | 7 | &nbsp;&nbsp;&nbsp; 990660 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chocoladefabriken Lindt & Spruengli AG (Participation <br> Certificate)<br>| 56 | &nbsp;&nbsp;&nbsp; 782461 |
| Cie Financiere Richemont SA - Class A | 34878 | &nbsp;&nbsp;&nbsp; 6184460 |
| DSM-Firmenich AG | 11460 | &nbsp;&nbsp;&nbsp; 815896 |
| EMS-Chemie Holding AG | 345 | &nbsp;&nbsp;&nbsp; 268073 |
| Galderma Group AG | 12412 | &nbsp;&nbsp;&nbsp; 2394366 |
| Geberit AG | 2269 | &nbsp;&nbsp;&nbsp; 1527845 |
| Givaudan SA | 600 | &nbsp;&nbsp;&nbsp; 2019410 |
| Helvetia Baloise Holding AG | 5407 | &nbsp;&nbsp;&nbsp; 1389815 |
| Julius Baer Group Ltd.  | 14467 | &nbsp;&nbsp;&nbsp; 1060812 |
| Kuehne & Nagel International AG | 3237 | &nbsp;&nbsp;&nbsp; 735878 |
| Logitech International SA | 11035 | &nbsp;&nbsp;&nbsp; 1003297 |
| Lonza Group AG | 4680 | &nbsp;&nbsp;&nbsp; 2979495 |
| Partners Group Holding AG | 1476 | &nbsp;&nbsp;&nbsp; 1577966 |
| Sandoz Group AG | 27588 | &nbsp;&nbsp;&nbsp; 2153322 |
| Schindler Holding AG | 1453 | &nbsp;&nbsp;&nbsp; 454755 |
| Schindler Holding AG (Participation Certificate) | 2905 | &nbsp;&nbsp;&nbsp; 951975 |
| SGS SA (b) | 10499 | &nbsp;&nbsp;&nbsp; 1105770 |
| Sika AG | 9577 | &nbsp;&nbsp;&nbsp; 1584915 |
| Sonova Holding AG | 3661 | &nbsp;&nbsp;&nbsp; 825771 |
| Straumann Holding AG | 7974 | &nbsp;&nbsp;&nbsp; 827770 |
| Swatch Group AG (Bearer Shares) | 2004 | &nbsp;&nbsp;&nbsp; 443296 |
| Swiss Life Holding AG | 1863 | &nbsp;&nbsp;&nbsp; 2031929 |
| Swiss Prime Site AG | 5184 | &nbsp;&nbsp;&nbsp; 873985 |

---

**BHFTII-203**

------

**Brighthouse Funds Trust II**

**MetLife MSCI EAFE Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Switzerland — (Continued)** | **Switzerland — (Continued)** | **Switzerland — (Continued)** |
| Swisscom AG | 1650 | &nbsp;&nbsp;&nbsp; $1370581 |
| UBS Group AG | 207231 | &nbsp;&nbsp;&nbsp; 8020424 |
| VAT Group AG | 1830 | &nbsp;&nbsp;&nbsp; 1123360 |
| Zurich Insurance Group AG | 9473 | &nbsp;&nbsp;&nbsp; 6721052 |
|  |  | &nbsp;&nbsp;&nbsp; 62317103 |
| **United Arab Emirates — 0.0%** | **United Arab Emirates — 0.0%** | **United Arab Emirates — 0.0%** |
| NMC Health PLC (a) (c) (d) | 7569 | &nbsp;&nbsp;&nbsp; 0 |
| **United Kingdom — 10.3%** | **United Kingdom — 10.3%** | **United Kingdom — 10.3%** |
| 3i Group PLC | 63330 | &nbsp;&nbsp;&nbsp; 2067450 |
| Admiral Group PLC | 17639 | &nbsp;&nbsp;&nbsp; 741381 |
| Associated British Foods PLC | 21481 | &nbsp;&nbsp;&nbsp; 535638 |
| AstraZeneca PLC | 101939 | &nbsp;&nbsp;&nbsp; 19836804 |
| Autotrader Group PLC | 59486 | &nbsp;&nbsp;&nbsp; 370725 |
| Aviva PLC | 205566 | &nbsp;&nbsp;&nbsp; 1631376 |
| BAE Systems PLC | 195427 | &nbsp;&nbsp;&nbsp; 5667618 |
| Barclays PLC | 904901 | &nbsp;&nbsp;&nbsp; 4750673 |
| Barratt Redrow PLC | 98034 | &nbsp;&nbsp;&nbsp; 341645 |
| British American Tobacco PLC | 144643 | &nbsp;&nbsp;&nbsp; 8394358 |
| BT Group PLC | 428599 | &nbsp;&nbsp;&nbsp; 1196906 |
| Bunzl PLC | 19338 | &nbsp;&nbsp;&nbsp; 577217 |
| Centrica PLC | 341641 | &nbsp;&nbsp;&nbsp; 962793 |
| CK Hutchison Holdings Ltd.  | 183940 | &nbsp;&nbsp;&nbsp; 1413833 |
| Coca-Cola Europacific Partners PLC | 13300 | &nbsp;&nbsp;&nbsp; 1205911 |
| Compass Group PLC | 108599 | &nbsp;&nbsp;&nbsp; 3006113 |
| Diageo PLC | 150851 | &nbsp;&nbsp;&nbsp; 2792479 |
| Entain PLC | 38151 | &nbsp;&nbsp;&nbsp; 287018 |
| Halma PLC | 23129 | &nbsp;&nbsp;&nbsp; 1170706 |
| HSBC Holdings PLC | 1128901 | &nbsp;&nbsp;&nbsp; 18404064 |
| Imperial Brands PLC | 48502 | &nbsp;&nbsp;&nbsp; 1966695 |
| Informa PLC | 87529 | &nbsp;&nbsp;&nbsp; 869357 |
| International Consolidated Airlines Group SA - Class DI | 94165 | &nbsp;&nbsp;&nbsp; 448622 |
| Intertek Group PLC | 10602 | &nbsp;&nbsp;&nbsp; 515006 |
| J Sainsbury PLC | 121320 | &nbsp;&nbsp;&nbsp; 542787 |
| Kingfisher PLC | 132696 | &nbsp;&nbsp;&nbsp; 502016 |
| Land Securities Group PLC (REIT) | 36312 | &nbsp;&nbsp;&nbsp; 268447 |
| Legal & General Group PLC | 383673 | &nbsp;&nbsp;&nbsp; 1259856 |
| Lloyds Banking Group PLC | 3933976 | &nbsp;&nbsp;&nbsp; 4844210 |
| London Stock Exchange Group PLC | 29946 | &nbsp;&nbsp;&nbsp; 3526090 |
| M&G PLC | 166397 | &nbsp;&nbsp;&nbsp; 602568 |
| Marks & Spencer Group PLC | 135168 | &nbsp;&nbsp;&nbsp; 604822 |
| Melrose Industries PLC | 71535 | &nbsp;&nbsp;&nbsp; 480072 |
| National Grid PLC | 325100 | &nbsp;&nbsp;&nbsp; 5460548 |
| NatWest Group PLC | 535245 | &nbsp;&nbsp;&nbsp; 3956840 |
| Next PLC | 8218 | &nbsp;&nbsp;&nbsp; 1380737 |
| Pearson PLC | 37617 | &nbsp;&nbsp;&nbsp; 491786 |
| Reckitt Benckiser Group PLC | 43377 | &nbsp;&nbsp;&nbsp; 2932779 |
| RELX PLC | 120105 | &nbsp;&nbsp;&nbsp; 3945104 |
| Rentokil Initial PLC | 171854 | &nbsp;&nbsp;&nbsp; 1064568 |
| Rolls-Royce Holdings PLC | 551160 | &nbsp;&nbsp;&nbsp; 8385572 |
| Sage Group PLC | 59292 | &nbsp;&nbsp;&nbsp; 659762 |
| Schroders PLC | 46238 | &nbsp;&nbsp;&nbsp; 351254 |
| Segro PLC (REIT) | 87696 | &nbsp;&nbsp;&nbsp; 759810 |
| Severn Trent PLC | 17589 | &nbsp;&nbsp;&nbsp; 719551 |
| Smith & Nephew PLC | 56746 | &nbsp;&nbsp;&nbsp; 893073 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **United Kingdom — (Continued)** | **United Kingdom — (Continued)** | **United Kingdom — (Continued)** |
| Smiths Group PLC | 22454 | &nbsp;&nbsp;&nbsp; $681371 |
| Spirax Group PLC | 4091 | &nbsp;&nbsp;&nbsp; 364781 |
| SSE PLC | 77494 | &nbsp;&nbsp;&nbsp; 2665500 |
| Standard Chartered PLC | 126237 | &nbsp;&nbsp;&nbsp; 2611962 |
| Standard Life PLC | 39653 | &nbsp;&nbsp;&nbsp; 357262 |
| Tesco PLC | 406947 | &nbsp;&nbsp;&nbsp; 2556436 |
| Unilever PLC | 144534 | &nbsp;&nbsp;&nbsp; 8073543 |
| United Utilities Group PLC | 45069 | &nbsp;&nbsp;&nbsp; 784996 |
| Vodafone Group PLC | 1187523 | &nbsp;&nbsp;&nbsp; 1793932 |
| Whitbread PLC | 10686 | &nbsp;&nbsp;&nbsp; 323594 |
| Wise PLC - Class A (a) | 40208 | &nbsp;&nbsp;&nbsp; 480800 |
|  |  | &nbsp;&nbsp;&nbsp; 143480817 |
| **United States — 9.6%** | **United States — 9.6%** | **United States — 9.6%** |
| Aegon Ltd.  | 91558 | &nbsp;&nbsp;&nbsp; 665432 |
| Alcon AG | 33513 | &nbsp;&nbsp;&nbsp; 2501816 |
| AP Moller - Maersk AS - Class A (b) | 166 | &nbsp;&nbsp;&nbsp; 401987 |
| AP Moller - Maersk AS - Class B (b) | 278 | &nbsp;&nbsp;&nbsp; 686808 |
| BP PLC | 1024547 | &nbsp;&nbsp;&nbsp; 8046175 |
| Buzzi SpA | 5570 | &nbsp;&nbsp;&nbsp; 280073 |
| Experian PLC | 61779 | &nbsp;&nbsp;&nbsp; 2139399 |
| Ferrovial SE | 32903 | &nbsp;&nbsp;&nbsp; 2132544 |
| GSK PLC | 264798 | &nbsp;&nbsp;&nbsp; 7235159 |
| Haleon PLC | 571775 | &nbsp;&nbsp;&nbsp; 2819765 |
| Holcim AG | 34286 | &nbsp;&nbsp;&nbsp; 2831171 |
| InterContinental Hotels Group PLC | 8846 | &nbsp;&nbsp;&nbsp; 1165035 |
| Monday.com Ltd. (a) | 3152 | &nbsp;&nbsp;&nbsp; 217835 |
| Nestle SA | 169309 | &nbsp;&nbsp;&nbsp; 16711029 |
| Novartis AG | 124931 | &nbsp;&nbsp;&nbsp; 18874975 |
| Palo Alto Networks, Inc. (a) | 7690 | &nbsp;&nbsp;&nbsp; 1232861 |
| Qiagen NV | 15278 | &nbsp;&nbsp;&nbsp; 610069 |
| Roche Holding AG | 46167 | &nbsp;&nbsp;&nbsp; 18140160 |
| Roche Holding AG (Bearer Shares) | 2151 | &nbsp;&nbsp;&nbsp; 886610 |
| Sanofi SA | 72123 | &nbsp;&nbsp;&nbsp; 6934711 |
| Schneider Electric SE | 35947 | &nbsp;&nbsp;&nbsp; 9842383 |
| Shell PLC | 374651 | &nbsp;&nbsp;&nbsp; 17430230 |
| Spotify Technology SA (a) | 10300 | &nbsp;&nbsp;&nbsp; 4994573 |
| Stellantis NV | 124831 | &nbsp;&nbsp;&nbsp; 886631 |
| Sunbelt Rentals Holdings, Inc.  | 27944 | &nbsp;&nbsp;&nbsp; 1777850 |
| Swiss Re AG | 19762 | &nbsp;&nbsp;&nbsp; 3283853 |
| Tenaris SA | 24655 | &nbsp;&nbsp;&nbsp; 717887 |
|  |  | &nbsp;&nbsp;&nbsp; 133447021 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $892,802,572) <br>|  | &nbsp;&nbsp;&nbsp; 1331571256 |
| **Investment Companies—1.7%** |  |  |
| **Exchange-Traded Funds — 1.7%** |  |  |
| iShares MSCI EAFE ETF (e) | 252000 | &nbsp;&nbsp;&nbsp; 24476760 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $26,458,459) <br>|  | &nbsp;&nbsp;&nbsp; 24476760 |

---

**BHFTII-204**

------

**Brighthouse Funds Trust II**

**MetLife MSCI EAFE Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Preferred Stocks—0.3%**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Germany — 0.3%** | **Germany — 0.3%** | **Germany — 0.3%** |
| Bayerische Motoren Werke AG | 3561 | &nbsp;&nbsp;&nbsp; $318926 |
| Dr. Ing hc F Porsche AG | 7885 | &nbsp;&nbsp;&nbsp; 352250 |
| Henkel AG & Co. KGaA | 9500 | &nbsp;&nbsp;&nbsp; 727605 |
| Porsche Automobil Holding SE | 8501 | &nbsp;&nbsp;&nbsp; 304821 |
| Sartorius AG | 1463 | &nbsp;&nbsp;&nbsp; 355885 |
| Volkswagen AG | 13957 | &nbsp;&nbsp;&nbsp; 1393266 |
|  |  | &nbsp;&nbsp;&nbsp; 3452753 |
| **Italy — 0.0%** | **Italy — 0.0%** | **Italy — 0.0%** |
| Telecom Italia SpA (Savings Shares) (a) | 396100 | &nbsp;&nbsp;&nbsp; 326135 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Preferred Stocks <br>(Cost $4,345,285) <br>|  | &nbsp;&nbsp;&nbsp; 3778888 |
| **Rights—0.0%** | **Rights—0.0%** | **Rights—0.0%** |
| **Italy — 0.0%** | **Italy — 0.0%** | **Italy — 0.0%** |
| Telecom Italia SpA, Expires 04/30/26 (a) | 1202642 | &nbsp;&nbsp;&nbsp; 11 |
| **Singapore — 0.0%** | **Singapore — 0.0%** | **Singapore — 0.0%** |
| CapitaLand Ascendas REIT, Expires 04/15/26 (a) | 7858 | &nbsp;&nbsp;&nbsp; 731 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Rights <br>(Cost $0) <br>|  | &nbsp;&nbsp;&nbsp; 742 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—1.7%** | **Short-Term Investments—1.7%** | **Short-Term Investments—1.7%** |
| **U.S. Treasury — 1.6%** | **U.S. Treasury — 1.6%** | **U.S. Treasury — 1.6%** |
| U.S. Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.631%, 04/16/26 (f) | 22130000 | &nbsp;&nbsp;&nbsp; 22096565 |
| **Discount Note — 0.1%** |  |  |
| Federal Home Loan Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 04/01/26 (f) | 1400000 | &nbsp;&nbsp;&nbsp; 1399860 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $23,496,519) <br>|  | &nbsp;&nbsp;&nbsp; 23496425 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (g)—1.8%** | **Securities Lending Reinvestments (g)—1.8%** | **Securities Lending Reinvestments (g)—1.8%** |
| **Short-Term Investment Funds — 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AB Government Money Market Portfolio, <br>Institutional Class, 3.490% (h)<br>| 400000 | &nbsp;&nbsp;&nbsp; 400000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund, <br>Select Class, 3.600% (h)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds FedFund, <br>Institutional Shares, 3.550% (h)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class, 3.540% (h)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Government Portfolio, <br>Class I, 3.530% (h)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br>Institutional Shares, 3.530% (h)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco STIT-Government & Agency Portfolio, <br>Institutional Class, 3.580% (h)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares, 3.580% (h)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Short-Term Investment Funds — (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, <br>Premier Class, 3.600% (h)<br>| 2000000 | &nbsp;&nbsp;&nbsp; $2000000 |
|  |  | &nbsp;&nbsp;&nbsp; 15400000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Time Deposits — 0.2%** | **Time Deposits — 0.2%** | **Time Deposits — 0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Credit Agricole CIB <br>3.630%, 04/01/26<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; DZ Bank AG <br>3.610%, 04/01/26<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Svenska NY <br>3.610%, 04/01/26<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
|  |  | &nbsp;&nbsp;&nbsp; 3000000 |
| **Repurchase Agreements — 0.5%** | **Repurchase Agreements — 0.5%** | **Repurchase Agreements — 0.5%** |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $3,000,304; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 0.000% - 5.000%, maturity dates ranging from <br> 06/30/26 - 02/15/54, and an aggregate market value of <br> $3,060,000<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| Citigroup Global Markets, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.690%, due on <br> 04/01/26 with a maturity value of $2,000,205; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 0.125% - 6.125%, maturity dates ranging from <br> 06/15/27 - 02/15/32, and various Common Stock with an <br> aggregate market value of $2,040,026<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| NatWest Markets Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $2,205,947; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 1.125% - 4.875%, maturity dates ranging from <br> 09/15/26 - 08/15/35, and an aggregate market value of <br> $2,250,066<br>| 2205723 | &nbsp;&nbsp;&nbsp; 2205723 |
|  |  | &nbsp;&nbsp;&nbsp; 7205723 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $25,605,723) <br>|  | &nbsp;&nbsp;&nbsp; 25605723 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—101.2% <br>(Cost $972,708,558) <br>|  | &nbsp;&nbsp;&nbsp; 1408929794 |
| Other assets and liabilities (net)—(1.2)%  |  | &nbsp;&nbsp;&nbsp; (17212314)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1391717480 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Principal amount stated in U.S. dollars unless otherwise noted.

(a) Non-income producing security.

(b) All or a portion of the security was held on loan. As of March 31, 2026, the market value of securities loaned was $43,572,929 and the collateral received consisted of cash in the amount of $25,605,723 and non-cash collateral with a value of $21,299,062. 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 March 31, 2026, these securities represent 0.0% of net assets. 

(d) Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3.

(e) All or a portion of the security was pledged as collateral against open futures contracts. As of 

**BHFTII-205**

------

**Brighthouse Funds Trust II**

**MetLife MSCI EAFE Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

---

| | |
|:---|:---|
|  | March 31, 2026, the market value of securities pledged was $4,856,500. |
| (f) <br>| The rate shown represents current yield to maturity. |
| (g) <br>| Represents investment of cash collateral received from securities on loan as of March 31, 2026. |
| (h) <br>| The rate shown represents the annualized seven-day yield as of March 31, 2026. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Ten Largest Industries as of** <br>**March 31, 2026 (Unaudited)**<br>| **% of** <br>**Net Assets**<br>|
| Banks | 14.1 |
| Pharmaceuticals | 8.0 |
| Insurance | 5.6 |
| Semiconductors & Semiconductor Equipment | 4.7 |
| Oil, Gas & Consumable Fuels | 4.1 |
| Aerospace & Defense | 3.3 |
| Metals & Mining | 3.2 |
| Machinery | 3.2 |
| Electrical Equipment | 3.0 |
| Capital Markets | 2.8 |

---

**Investments in Derivative Instruments**

**Futures Contracts** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Long** | **Expiration** <br>**Date**<br>| **Number of** <br>**Contracts**<br>| **Notional** <br>**Value** | **Notional** <br>**Value** | **Value/** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| MSCI EAFE Index Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; 165 | USD | 23934075 | &nbsp;&nbsp;&nbsp; $(158743)<br>|

---

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Australia | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $100370772 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $100370772 |
| &nbsp;&nbsp;&nbsp;&nbsp; Austria | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4444758 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4444758 |
| &nbsp;&nbsp;&nbsp;&nbsp; Belgium | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11876049 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11876049 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazil | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 686663 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 686663 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chile | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1157162 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1157162 |
| &nbsp;&nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6916549 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6916549 |
| &nbsp;&nbsp;&nbsp;&nbsp; Czech Republic | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 394166 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 394166 |
| &nbsp;&nbsp;&nbsp;&nbsp; Denmark | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20922562 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20922562 |
| &nbsp;&nbsp;&nbsp;&nbsp; Finland | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15924846 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15924846 |
| &nbsp;&nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 115430681 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 115430681 |
| &nbsp;&nbsp;&nbsp;&nbsp; Germany | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 114565255 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 114565255 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp;&nbsp; 492336 | &nbsp;&nbsp;&nbsp; 24605835 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25098171 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indonesia | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 696328 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 696328 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ireland | &nbsp;&nbsp;&nbsp; 1563852 | &nbsp;&nbsp;&nbsp; 4322597 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5886449 |
| &nbsp;&nbsp;&nbsp;&nbsp; Israel | &nbsp;&nbsp;&nbsp; 3124495 | &nbsp;&nbsp;&nbsp; 11149057 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14273552 |
| &nbsp;&nbsp;&nbsp;&nbsp; Italy | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 43598595 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 43598595 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ivory Coast | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 810403 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 810403 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japan | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 306173895 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 306173895 |
| &nbsp;&nbsp;&nbsp;&nbsp; Luxembourg | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2063771 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2063771 |
| &nbsp;&nbsp;&nbsp;&nbsp; Macau | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 826513 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 826513 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexico | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 699283 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 699283 |
| &nbsp;&nbsp;&nbsp;&nbsp; Netherlands | &nbsp;&nbsp;&nbsp; 1525272 | &nbsp;&nbsp;&nbsp; 62956790 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 64482062 |
| &nbsp;&nbsp;&nbsp;&nbsp; New Zealand | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2992904 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2992904 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nigeria | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 280482 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 280482 |

---

**BHFTII-206**

------

**Brighthouse Funds Trust II**

**MetLife MSCI EAFE Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Fair Value Hierarchy — (Continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| &nbsp;&nbsp;&nbsp;&nbsp; Norway | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $9332297 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $9332297 |
| &nbsp;&nbsp;&nbsp;&nbsp; Poland | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 295485 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 295485 |
| &nbsp;&nbsp;&nbsp;&nbsp; Portugal | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2638494 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2638494 |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore | &nbsp;&nbsp;&nbsp; 2805638 | &nbsp;&nbsp;&nbsp; 20578867 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23384505 |
| &nbsp;&nbsp;&nbsp;&nbsp; South Africa | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3111319 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3111319 |
| &nbsp;&nbsp;&nbsp;&nbsp; South Korea | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 277619 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 277619 |
| &nbsp;&nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 49698028 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 49698028 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sweden | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 43016697 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 43016697 |
| &nbsp;&nbsp;&nbsp;&nbsp; Switzerland | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 62317103 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 62317103 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Arab Emirates | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp;&nbsp; 1205911 | &nbsp;&nbsp;&nbsp; 142274906 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 143480817 |
| &nbsp;&nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp; 6445269 | &nbsp;&nbsp;&nbsp; 127001752 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 133447021 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 17162773 | &nbsp;&nbsp;&nbsp; 1314408483 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 1331571256 |
| Total Investment Companies\* | &nbsp;&nbsp;&nbsp; 24476760 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 24476760 |
| Total Preferred Stocks\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3778888 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3778888 |
| Total Rights\* | &nbsp;&nbsp;&nbsp; 742 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 742 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23496425 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23496425 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 15400000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15400000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7205723 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7205723 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 15400000 | &nbsp;&nbsp;&nbsp; 10205723 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25605723 |
| Total Investments | &nbsp;&nbsp;&nbsp; $57040275 | &nbsp;&nbsp;&nbsp; $1351889519 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $1408929794 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(25605723)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(25605723)<br>|
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; $(158743)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(158743)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended March 31, 2026 is not presented.

**BHFTII-207**

------

**Brighthouse Funds Trust II**

**MetLife Russell 2000 Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—96.9% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Aerospace & Defense — 2.0%** | **Aerospace & Defense — 2.0%** | **Aerospace & Defense — 2.0%** |
| AAR Corp. (a) | 12300 | &nbsp;&nbsp;&nbsp; $1346358 |
| AeroVironment, Inc. (a) (b) | 11938 | &nbsp;&nbsp;&nbsp; 2185251 |
| AerSale Corp. (a) | 11637 | &nbsp;&nbsp;&nbsp; 72382 |
| AIRO Group Holdings, Inc. (a) | 6975 | &nbsp;&nbsp;&nbsp; 53045 |
| Archer Aviation, Inc. - Class A (a) (b) | 192693 | &nbsp;&nbsp;&nbsp; 996223 |
| Astronics Corp. (a) | 9767 | &nbsp;&nbsp;&nbsp; 651752 |
| Beta Technologies, Inc. - Class A (a) (b) | 10820 | &nbsp;&nbsp;&nbsp; 159054 |
| Byrna Technologies, Inc. (a) | 6061 | &nbsp;&nbsp;&nbsp; 55640 |
| Cadre Holdings, Inc.  | 9314 | &nbsp;&nbsp;&nbsp; 285753 |
| Ducommun, Inc. (a) | 4381 | &nbsp;&nbsp;&nbsp; 534482 |
| Eve Holding, Inc. (a) | 13984 | &nbsp;&nbsp;&nbsp; 34680 |
| Firefly Aerospace, Inc. (a) (b) | 7272 | &nbsp;&nbsp;&nbsp; 207034 |
| Intuitive Machines, Inc. (a) (b) | 35816 | &nbsp;&nbsp;&nbsp; 664745 |
| Kratos Defense & Security Solutions, Inc. (a) | 57064 | &nbsp;&nbsp;&nbsp; 4023583 |
| Mercury Systems, Inc. (a) | 16917 | &nbsp;&nbsp;&nbsp; 1233418 |
| Moog, Inc. - Class A | 8879 | &nbsp;&nbsp;&nbsp; 2598351 |
| National Presto Industries, Inc.  | 1752 | &nbsp;&nbsp;&nbsp; 240129 |
| Park Aerospace Corp.  | 6034 | &nbsp;&nbsp;&nbsp; 165211 |
| Red Cat Holdings, Inc. (a) (b) | 34046 | &nbsp;&nbsp;&nbsp; 445662 |
| Redwire Corp. (a) (b) | 33954 | &nbsp;&nbsp;&nbsp; 288609 |
| Satellogic, Inc. - Class A (a) (b) | 15078 | &nbsp;&nbsp;&nbsp; 82024 |
| V2X, Inc. (a) | 8392 | &nbsp;&nbsp;&nbsp; 574852 |
| Voyager Technologies, Inc. - Class A (a) (b) | 15285 | &nbsp;&nbsp;&nbsp; 357516 |
| VSE Corp.  | 8495 | &nbsp;&nbsp;&nbsp; 1566478 |
| York Space Systems, Inc. (a) | 5886 | &nbsp;&nbsp;&nbsp; 130493 |
|  |  | &nbsp;&nbsp;&nbsp; 18952725 |
| **Air Freight & Logistics — 0.1%** | **Air Freight & Logistics — 0.1%** | **Air Freight & Logistics — 0.1%** |
| Forward Air Corp. (a) | 6761 | &nbsp;&nbsp;&nbsp; 112976 |
| Hub Group, Inc. - Class A | 18767 | &nbsp;&nbsp;&nbsp; 676363 |
| Radiant Logistics, Inc. (a) | 11800 | &nbsp;&nbsp;&nbsp; 83190 |
|  |  | &nbsp;&nbsp;&nbsp; 872529 |
| **Automobile Components — 1.0%** | **Automobile Components — 1.0%** | **Automobile Components — 1.0%** |
| Adient PLC (a) | 26652 | &nbsp;&nbsp;&nbsp; 538637 |
| Cooper-Standard Holdings, Inc. (a) | 5724 | &nbsp;&nbsp;&nbsp; 159528 |
| Dana, Inc. (b) | 35828 | &nbsp;&nbsp;&nbsp; 1205612 |
| Dauch Corp. (a) | 72950 | &nbsp;&nbsp;&nbsp; 432593 |
| Dorman Products, Inc. (a) (b) | 8954 | &nbsp;&nbsp;&nbsp; 934439 |
| Fox Factory Holding Corp. (a) | 13878 | &nbsp;&nbsp;&nbsp; 228432 |
| Garrett Motion, Inc.  | 56285 | &nbsp;&nbsp;&nbsp; 1022698 |
| Gentherm, Inc. (a) | 9979 | &nbsp;&nbsp;&nbsp; 277217 |
| Goodyear Tire & Rubber Co. (a) | 82822 | &nbsp;&nbsp;&nbsp; 549110 |
| Holley, Inc. (a) | 11670 | &nbsp;&nbsp;&nbsp; 35827 |
| LCI Industries (b) | 7714 | &nbsp;&nbsp;&nbsp; 948668 |
| Patrick Industries, Inc. (b) | 10171 | &nbsp;&nbsp;&nbsp; 1129693 |
| Phinia, Inc.  | 12083 | &nbsp;&nbsp;&nbsp; 826960 |
| Solid Power, Inc. (a) (b) | 57158 | &nbsp;&nbsp;&nbsp; 171474 |
| Standard Motor Products, Inc.  | 6963 | &nbsp;&nbsp;&nbsp; 241895 |
| Strattec Security Corp. (a) | 1428 | &nbsp;&nbsp;&nbsp; 111870 |
| Visteon Corp.  | 8930 | &nbsp;&nbsp;&nbsp; 813612 |
| XPEL, Inc. (a) (b) | 8016 | &nbsp;&nbsp;&nbsp; 354788 |
|  |  | &nbsp;&nbsp;&nbsp; 9983053 |
| **Automobiles — 0.0%** | **Automobiles — 0.0%** | **Automobiles — 0.0%** |
| Winnebago Industries, Inc.  | 8929 | &nbsp;&nbsp;&nbsp; 276710 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Banks — 9.6%** | **Banks — 9.6%** | **Banks — 9.6%** |
| 1st Source Corp.  | 5868 | &nbsp;&nbsp;&nbsp; $406124 |
| ACNB Corp.  | 3760 | &nbsp;&nbsp;&nbsp; 179991 |
| Amalgamated Financial Corp.  | 7259 | &nbsp;&nbsp;&nbsp; 282157 |
| Amerant Bancorp, Inc.  | 13198 | &nbsp;&nbsp;&nbsp; 290884 |
| Ameris Bancorp | 20673 | &nbsp;&nbsp;&nbsp; 1612287 |
| Ames National Corp.  | 2972 | &nbsp;&nbsp;&nbsp; 83870 |
| Arrow Financial Corp.  | 5919 | &nbsp;&nbsp;&nbsp; 198701 |
| Associated Banc-Corp.  | 52577 | &nbsp;&nbsp;&nbsp; 1359641 |
| Atlantic Union Bankshares Corp.  | 44968 | &nbsp;&nbsp;&nbsp; 1607156 |
| Axos Financial, Inc. (a) | 17116 | &nbsp;&nbsp;&nbsp; 1456400 |
| Banc of California, Inc.  | 41903 | &nbsp;&nbsp;&nbsp; 736655 |
| BancFirst Corp.  | 6731 | &nbsp;&nbsp;&nbsp; 730313 |
| Bancorp, Inc. (a) | 12892 | &nbsp;&nbsp;&nbsp; 692687 |
| Bank First Corp.  | 3141 | &nbsp;&nbsp;&nbsp; 424223 |
| Bank of Hawaii Corp.  | 12604 | &nbsp;&nbsp;&nbsp; 935847 |
| Bank of Marin Bancorp | 5192 | &nbsp;&nbsp;&nbsp; 133071 |
| Bank of NT Butterfield & Son Ltd.  | 13358 | &nbsp;&nbsp;&nbsp; 701028 |
| Bank7 Corp.  | 1297 | &nbsp;&nbsp;&nbsp; 51724 |
| BankUnited, Inc.  | 23335 | &nbsp;&nbsp;&nbsp; 1053809 |
| Bankwell Financial Group, Inc.  | 2613 | &nbsp;&nbsp;&nbsp; 126783 |
| Banner Corp.  | 10863 | &nbsp;&nbsp;&nbsp; 659167 |
| Bar Harbor Bankshares | 5292 | &nbsp;&nbsp;&nbsp; 171725 |
| BayCom Corp.  | 4420 | &nbsp;&nbsp;&nbsp; 131384 |
| Beacon Financial Corp.  | 26369 | &nbsp;&nbsp;&nbsp; 791070 |
| Blue Foundry Bancorp (a) (b) | 7608 | &nbsp;&nbsp;&nbsp; 100730 |
| Blue Ridge Bankshares, Inc.  | 24991 | &nbsp;&nbsp;&nbsp; 104962 |
| Bridgewater Bancshares, Inc. (a) | 7665 | &nbsp;&nbsp;&nbsp; 135670 |
| Burke & Herbert Financial Services Corp.  | 4179 | &nbsp;&nbsp;&nbsp; 260310 |
| Business First Bancshares, Inc.  | 10341 | &nbsp;&nbsp;&nbsp; 279621 |
| Byline Bancorp, Inc.  | 11001 | &nbsp;&nbsp;&nbsp; 347302 |
| C&F Financial Corp.  | 1140 | &nbsp;&nbsp;&nbsp; 83152 |
| California BanCorp | 8293 | &nbsp;&nbsp;&nbsp; 146952 |
| Camden National Corp.  | 5866 | &nbsp;&nbsp;&nbsp; 278342 |
| Capital Bancorp, Inc.  | 4286 | &nbsp;&nbsp;&nbsp; 127466 |
| Capital City Bank Group, Inc.  | 4571 | &nbsp;&nbsp;&nbsp; 198656 |
| Capitol Federal Financial, Inc.  | 39225 | &nbsp;&nbsp;&nbsp; 279674 |
| Carter Bankshares, Inc. (a) | 6073 | &nbsp;&nbsp;&nbsp; 141622 |
| Cathay General Bancorp | 20392 | &nbsp;&nbsp;&nbsp; 1016745 |
| CB Financial Services, Inc.  | 1770 | &nbsp;&nbsp;&nbsp; 60499 |
| Central Pacific Financial Corp.  | 8085 | &nbsp;&nbsp;&nbsp; 258397 |
| Chemung Financial Corp.  | 1214 | &nbsp;&nbsp;&nbsp; 65337 |
| ChoiceOne Financial Services, Inc.  | 5231 | &nbsp;&nbsp;&nbsp; 147096 |
| Citizens & Northern Corp.  | 5705 | &nbsp;&nbsp;&nbsp; 127450 |
| Citizens Community Bancorp, Inc.  | 3211 | &nbsp;&nbsp;&nbsp; 63578 |
| Citizens Financial Services, Inc.  | 1533 | &nbsp;&nbsp;&nbsp; 93743 |
| City Holding Co.  | 4483 | &nbsp;&nbsp;&nbsp; 535808 |
| Civista Bancshares, Inc.  | 6562 | &nbsp;&nbsp;&nbsp; 149548 |
| CNB Financial Corp.  | 9355 | &nbsp;&nbsp;&nbsp; 270921 |
| Coastal Financial Corp. (a) | 4245 | &nbsp;&nbsp;&nbsp; 323044 |
| CoastalSouth Bancshares, Inc.  | 3108 | &nbsp;&nbsp;&nbsp; 76426 |
| Colony Bankcorp, Inc.  | 6636 | &nbsp;&nbsp;&nbsp; 132521 |
| Columbia Financial, Inc. (a) | 8867 | &nbsp;&nbsp;&nbsp; 155261 |
| Commercial Bancgroup, Inc.  | 2477 | &nbsp;&nbsp;&nbsp; 64452 |
| Community Financial System, Inc.  | 16617 | &nbsp;&nbsp;&nbsp; 974587 |
| Community Trust Bancorp, Inc.  | 5520 | &nbsp;&nbsp;&nbsp; 335174 |
| Community West Bancshares | 7271 | &nbsp;&nbsp;&nbsp; 169414 |

---

**BHFTII-208**

------

**Brighthouse Funds Trust II**

**MetLife Russell 2000 Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| ConnectOne Bancorp, Inc.  | 14866 | &nbsp;&nbsp;&nbsp; $397963 |
| Customers Bancorp, Inc. (a) | 10411 | &nbsp;&nbsp;&nbsp; 722627 |
| CVB Financial Corp.  | 38940 | &nbsp;&nbsp;&nbsp; 755047 |
| Dime Community Bancshares, Inc.  | 12474 | &nbsp;&nbsp;&nbsp; 421871 |
| Eagle Bancorp Montana, Inc.  | 2529 | &nbsp;&nbsp;&nbsp; 52047 |
| Eagle Bancorp, Inc.  | 9251 | &nbsp;&nbsp;&nbsp; 230072 |
| Eagle Financial Services, Inc.  | 1861 | &nbsp;&nbsp;&nbsp; 65098 |
| Eastern Bankshares, Inc.  | 68885 | &nbsp;&nbsp;&nbsp; 1347391 |
| Enterprise Financial Services Corp.  | 11531 | &nbsp;&nbsp;&nbsp; 623942 |
| Equity Bancshares, Inc. - Class A | 5469 | &nbsp;&nbsp;&nbsp; 242878 |
| Esquire Financial Holdings, Inc. (b) | 2403 | &nbsp;&nbsp;&nbsp; 258322 |
| Farmers & Merchants Bancorp, Inc.  | 4130 | &nbsp;&nbsp;&nbsp; 106017 |
| Farmers National Banc Corp.  | 15285 | &nbsp;&nbsp;&nbsp; 201151 |
| FB Bancorp, Inc. (a) | 6972 | &nbsp;&nbsp;&nbsp; 95795 |
| FB Financial Corp.  | 14036 | &nbsp;&nbsp;&nbsp; 729030 |
| Fidelity D&D Bancorp, Inc.  | 1594 | &nbsp;&nbsp;&nbsp; 68988 |
| Financial Institutions, Inc.  | 6714 | &nbsp;&nbsp;&nbsp; 212901 |
| First BanCorp | 48068 | &nbsp;&nbsp;&nbsp; 1026732 |
| First Bancorp, Inc.  | 3758 | &nbsp;&nbsp;&nbsp; 105337 |
| First Bancorp/Southern Pines NC | 13393 | &nbsp;&nbsp;&nbsp; 754696 |
| First Bank | 7140 | &nbsp;&nbsp;&nbsp; 114240 |
| First Busey Corp.  | 27513 | &nbsp;&nbsp;&nbsp; 695253 |
| First Business Financial Services, Inc.  | 2763 | &nbsp;&nbsp;&nbsp; 149009 |
| First Capital, Inc.  | 1202 | &nbsp;&nbsp;&nbsp; 59655 |
| First Commonwealth Financial Corp.  | 30999 | &nbsp;&nbsp;&nbsp; 544962 |
| First Community Bankshares, Inc. (b) | 5615 | &nbsp;&nbsp;&nbsp; 233135 |
| First Community Corp.  | 2769 | &nbsp;&nbsp;&nbsp; 80938 |
| First Financial Bancorp | 33350 | &nbsp;&nbsp;&nbsp; 929798 |
| First Financial Bankshares, Inc.  | 43724 | &nbsp;&nbsp;&nbsp; 1287672 |
| First Financial Corp.  | 3977 | &nbsp;&nbsp;&nbsp; 251346 |
| First Foundation, Inc. (a) | 20500 | &nbsp;&nbsp;&nbsp; 120950 |
| First Internet Bancorp | 2669 | &nbsp;&nbsp;&nbsp; 54394 |
| First Interstate BancSystem, Inc. - Class A | 27276 | &nbsp;&nbsp;&nbsp; 911018 |
| First Merchants Corp.  | 19730 | &nbsp;&nbsp;&nbsp; 764143 |
| First Mid Bancshares, Inc.  | 7087 | &nbsp;&nbsp;&nbsp; 291914 |
| First National Corp.  | 2941 | &nbsp;&nbsp;&nbsp; 79172 |
| First United Corp.  | 2254 | &nbsp;&nbsp;&nbsp; 82587 |
| First Western Financial, Inc. (a) | 2572 | &nbsp;&nbsp;&nbsp; 63220 |
| Firstsun Capital Bancorp (a) (b) | 4714 | &nbsp;&nbsp;&nbsp; 171872 |
| Five Star Bancorp | 4888 | &nbsp;&nbsp;&nbsp; 184375 |
| Flagstar Bank NA | 94096 | &nbsp;&nbsp;&nbsp; 1239244 |
| Flushing Financial Corp.  | 10238 | &nbsp;&nbsp;&nbsp; 157256 |
| Franklin Financial Services Corp.  | 1582 | &nbsp;&nbsp;&nbsp; 80809 |
| FS Bancorp, Inc.  | 2273 | &nbsp;&nbsp;&nbsp; 87715 |
| Fulton Financial Corp.  | 56972 | &nbsp;&nbsp;&nbsp; 1158810 |
| FVCBankcorp, Inc.  | 5186 | &nbsp;&nbsp;&nbsp; 78775 |
| GBank Financial Holdings, Inc. (a) (b) | 3416 | &nbsp;&nbsp;&nbsp; 91412 |
| German American Bancorp, Inc.  | 11888 | &nbsp;&nbsp;&nbsp; 496799 |
| Glacier Bancorp, Inc. (b) | 40540 | &nbsp;&nbsp;&nbsp; 1810922 |
| Great Southern Bancorp, Inc.  | 2742 | &nbsp;&nbsp;&nbsp; 173102 |
| Greene County Bancorp, Inc.  | 2424 | &nbsp;&nbsp;&nbsp; 54322 |
| Hancock Whitney Corp.  | 26409 | &nbsp;&nbsp;&nbsp; 1679348 |
| Hanmi Financial Corp.  | 10815 | &nbsp;&nbsp;&nbsp; 285083 |
| Hawthorn Bancshares, Inc.  | 2185 | &nbsp;&nbsp;&nbsp; 73613 |
| HBT Financial, Inc.  | 4583 | &nbsp;&nbsp;&nbsp; 122458 |
| Heritage Commerce Corp.  | 15824 | &nbsp;&nbsp;&nbsp; 197484 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| Heritage Financial Corp.  | 10462 | &nbsp;&nbsp;&nbsp; $272012 |
| Hilltop Holdings, Inc. (b) | 13785 | &nbsp;&nbsp;&nbsp; 493779 |
| Hingham Institution For Savings | 565 | &nbsp;&nbsp;&nbsp; 161500 |
| Home Bancorp, Inc.  | 2001 | &nbsp;&nbsp;&nbsp; 121221 |
| Home BancShares, Inc.  | 59440 | &nbsp;&nbsp;&nbsp; 1600719 |
| HomeTrust Bancshares, Inc.  | 5432 | &nbsp;&nbsp;&nbsp; 231675 |
| Hope Bancorp, Inc.  | 39257 | &nbsp;&nbsp;&nbsp; 438501 |
| Horizon Bancorp, Inc.  | 16449 | &nbsp;&nbsp;&nbsp; 272560 |
| Independent Bank Corp.  | 22910 | &nbsp;&nbsp;&nbsp; 1422483 |
| International Bancshares Corp.  | 17236 | &nbsp;&nbsp;&nbsp; 1159810 |
| Investar Holding Corp.  | 4144 | &nbsp;&nbsp;&nbsp; 113007 |
| John Marshall Bancorp, Inc.  | 4296 | &nbsp;&nbsp;&nbsp; 87123 |
| Kearny Financial Corp.  | 18432 | &nbsp;&nbsp;&nbsp; 139162 |
| Lakeland Financial Corp. (b) | 8143 | &nbsp;&nbsp;&nbsp; 467245 |
| LCNB Corp.  | 3768 | &nbsp;&nbsp;&nbsp; 58743 |
| LINKBANCORP, Inc.  | 7910 | &nbsp;&nbsp;&nbsp; 65969 |
| Live Oak Bancshares, Inc.  | 10993 | &nbsp;&nbsp;&nbsp; 363538 |
| Mechanics Bancorp - Class A (b) | 15901 | &nbsp;&nbsp;&nbsp; 234540 |
| Mercantile Bank Corp.  | 5361 | &nbsp;&nbsp;&nbsp; 270730 |
| Meridian Corp.  | 3388 | &nbsp;&nbsp;&nbsp; 64236 |
| Metrocity Bankshares, Inc.  | 6644 | &nbsp;&nbsp;&nbsp; 190483 |
| Metropolitan Bank Holding Corp.  | 3182 | &nbsp;&nbsp;&nbsp; 265029 |
| Mid Penn Bancorp, Inc.  | 7267 | &nbsp;&nbsp;&nbsp; 233707 |
| Midland States Bancorp, Inc.  | 6845 | &nbsp;&nbsp;&nbsp; 152712 |
| MVB Financial Corp.  | 3791 | &nbsp;&nbsp;&nbsp; 94131 |
| National Bank Holdings Corp. - Class A | 12021 | &nbsp;&nbsp;&nbsp; 470742 |
| National Bankshares, Inc.  | 1983 | &nbsp;&nbsp;&nbsp; 72201 |
| NB Bancorp, Inc.  | 13728 | &nbsp;&nbsp;&nbsp; 289249 |
| NBT Bancorp, Inc.  | 16987 | &nbsp;&nbsp;&nbsp; 723306 |
| Nicolet Bankshares, Inc.  | 5840 | &nbsp;&nbsp;&nbsp; 867941 |
| Northeast Bank | 2255 | &nbsp;&nbsp;&nbsp; 253394 |
| Northeast Community Bancorp, Inc.  | 4595 | &nbsp;&nbsp;&nbsp; 109361 |
| Northfield Bancorp, Inc.  | 8681 | &nbsp;&nbsp;&nbsp; 117541 |
| Northpointe Bancshares, Inc.  | 6999 | &nbsp;&nbsp;&nbsp; 120803 |
| Northrim BanCorp, Inc.  | 7532 | &nbsp;&nbsp;&nbsp; 172332 |
| Northwest Bancshares, Inc.  | 43495 | &nbsp;&nbsp;&nbsp; 551952 |
| Norwood Financial Corp.  | 2947 | &nbsp;&nbsp;&nbsp; 86701 |
| Oak Valley Bancorp | 2317 | &nbsp;&nbsp;&nbsp; 75140 |
| OceanFirst Financial Corp.  | 17922 | &nbsp;&nbsp;&nbsp; 323313 |
| OFG Bancorp | 14067 | &nbsp;&nbsp;&nbsp; 569151 |
| Ohio Valley Banc Corp.  | 1330 | &nbsp;&nbsp;&nbsp; 58334 |
| Old National Bancorp (b) | 110576 | &nbsp;&nbsp;&nbsp; 2443730 |
| Old Second Bancorp, Inc.  | 16472 | &nbsp;&nbsp;&nbsp; 332076 |
| OP Bancorp | 3989 | &nbsp;&nbsp;&nbsp; 53054 |
| Orange County Bancorp, Inc.  | 3668 | &nbsp;&nbsp;&nbsp; 117303 |
| Origin Bancorp, Inc.  | 9567 | &nbsp;&nbsp;&nbsp; 396648 |
| Orrstown Financial Services, Inc.  | 5985 | &nbsp;&nbsp;&nbsp; 215939 |
| Park National Corp.  | 4763 | &nbsp;&nbsp;&nbsp; 778512 |
| Parke Bancorp, Inc.  | 3496 | &nbsp;&nbsp;&nbsp; 99286 |
| Pathward Financial, Inc.  | 7003 | &nbsp;&nbsp;&nbsp; 624878 |
| PCB Bancorp | 4027 | &nbsp;&nbsp;&nbsp; 90567 |
| Peapack-Gladstone Financial Corp. (b) | 6072 | &nbsp;&nbsp;&nbsp; 213795 |
| Peoples Bancorp of North Carolina, Inc.  | 1433 | &nbsp;&nbsp;&nbsp; 56116 |
| Peoples Bancorp, Inc.  | 10940 | &nbsp;&nbsp;&nbsp; 359598 |
| Peoples Financial Services Corp.  | 3009 | &nbsp;&nbsp;&nbsp; 160470 |
| Pioneer Bancorp, Inc. (a) | 4144 | &nbsp;&nbsp;&nbsp; 57684 |

---

**BHFTII-209**

------

**Brighthouse Funds Trust II**

**MetLife Russell 2000 Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| Plumas Bancorp | 1875 | &nbsp;&nbsp;&nbsp; $91537 |
| Ponce Financial Group, Inc. (a) | 6376 | &nbsp;&nbsp;&nbsp; 106543 |
| Preferred Bank (b) | 3977 | &nbsp;&nbsp;&nbsp; 360674 |
| Primis Financial Corp.  | 7000 | &nbsp;&nbsp;&nbsp; 92960 |
| Princeton Bancorp, Inc.  | 1758 | &nbsp;&nbsp;&nbsp; 59368 |
| Provident Financial Services, Inc.  | 41527 | &nbsp;&nbsp;&nbsp; 878711 |
| QCR Holdings, Inc.  | 5329 | &nbsp;&nbsp;&nbsp; 455363 |
| RBB Bancorp | 6012 | &nbsp;&nbsp;&nbsp; 128476 |
| Red River Bancshares, Inc.  | 1618 | &nbsp;&nbsp;&nbsp; 146332 |
| Renasant Corp. (b) | 29809 | &nbsp;&nbsp;&nbsp; 1076999 |
| Republic Bancorp, Inc. - Class A | 2983 | &nbsp;&nbsp;&nbsp; 210451 |
| S&T Bancorp, Inc.  | 12467 | &nbsp;&nbsp;&nbsp; 521495 |
| Seacoast Banking Corp. of Florida | 30732 | &nbsp;&nbsp;&nbsp; 930872 |
| ServisFirst Bancshares, Inc. (b) | 16133 | &nbsp;&nbsp;&nbsp; 1174966 |
| Shore Bancshares, Inc.  | 10137 | &nbsp;&nbsp;&nbsp; 189359 |
| Sierra Bancorp (b) | 4701 | &nbsp;&nbsp;&nbsp; 159458 |
| Simmons First National Corp. - Class A | 44508 | &nbsp;&nbsp;&nbsp; 865681 |
| SmartFinancial, Inc.  | 5462 | &nbsp;&nbsp;&nbsp; 213455 |
| South Plains Financial, Inc.  | 4696 | &nbsp;&nbsp;&nbsp; 196762 |
| Southern First Bancshares, Inc. (a) | 2574 | &nbsp;&nbsp;&nbsp; 140283 |
| Southern Missouri Bancorp, Inc.  | 3422 | &nbsp;&nbsp;&nbsp; 218803 |
| Southside Bancshares, Inc.  | 10316 | &nbsp;&nbsp;&nbsp; 320724 |
| Stellar Bancorp, Inc.  | 14701 | &nbsp;&nbsp;&nbsp; 538204 |
| Stock Yards Bancorp, Inc.  | 8803 | &nbsp;&nbsp;&nbsp; 583551 |
| Texas Capital Bancshares, Inc. (a) | 13861 | &nbsp;&nbsp;&nbsp; 1315132 |
| Third Coast Bancshares, Inc. (a) | 4809 | &nbsp;&nbsp;&nbsp; 181924 |
| Timberland Bancorp, Inc.  | 2592 | &nbsp;&nbsp;&nbsp; 102203 |
| Tompkins Financial Corp.  | 4603 | &nbsp;&nbsp;&nbsp; 362901 |
| Towne Bank | 27198 | &nbsp;&nbsp;&nbsp; 915757 |
| TriCo Bancshares | 9398 | &nbsp;&nbsp;&nbsp; 446781 |
| Triumph Financial, Inc. (a) | 7169 | &nbsp;&nbsp;&nbsp; 427703 |
| TrustCo Bank Corp.  | 5598 | &nbsp;&nbsp;&nbsp; 245080 |
| Trustmark Corp.  | 18116 | &nbsp;&nbsp;&nbsp; 763408 |
| UMB Financial Corp.  | 22940 | &nbsp;&nbsp;&nbsp; 2587403 |
| United Bankshares, Inc.  | 44170 | &nbsp;&nbsp;&nbsp; 1829521 |
| United Community Banks, Inc.  | 39803 | &nbsp;&nbsp;&nbsp; 1253396 |
| Unity Bancorp, Inc.  | 2408 | &nbsp;&nbsp;&nbsp; 124807 |
| Univest Financial Corp.  | 9027 | &nbsp;&nbsp;&nbsp; 309265 |
| USCB Financial Holdings, Inc.  | 3750 | &nbsp;&nbsp;&nbsp; 69525 |
| Valley National Bancorp | 152745 | &nbsp;&nbsp;&nbsp; 1875709 |
| Virginia National Bankshares Corp.  | 1715 | &nbsp;&nbsp;&nbsp; 65513 |
| WaFd, Inc.  | 25298 | &nbsp;&nbsp;&nbsp; 794357 |
| Washington Trust Bancorp, Inc.  | 6083 | &nbsp;&nbsp;&nbsp; 203537 |
| WesBanco, Inc.  | 30785 | &nbsp;&nbsp;&nbsp; 1061775 |
| West BanCorp, Inc.  | 5288 | &nbsp;&nbsp;&nbsp; 125802 |
| Westamerica BanCorp | 7335 | &nbsp;&nbsp;&nbsp; 382520 |
| Western New England Bancorp, Inc.  | 2364 | &nbsp;&nbsp;&nbsp; 30567 |
| WSFS Financial Corp.  | 16885 | &nbsp;&nbsp;&nbsp; 1105292 |
|  |  | &nbsp;&nbsp;&nbsp; 91672504 |
| **Beverages — 0.1%** | **Beverages — 0.1%** | **Beverages — 0.1%** |
| MGP Ingredients, Inc.  | 4728 | &nbsp;&nbsp;&nbsp; 86948 |
| National Beverage Corp. (a) | 8501 | &nbsp;&nbsp;&nbsp; 286059 |
| Vita Coco Co., Inc. (a) | 15572 | &nbsp;&nbsp;&nbsp; 746054 |
|  |  | &nbsp;&nbsp;&nbsp; 1119061 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Biotechnology — 9.0%** | **Biotechnology — 9.0%** | **Biotechnology — 9.0%** |
| 4D Molecular Therapeutics, Inc. (a) | 14339 | &nbsp;&nbsp;&nbsp; $133496 |
| Abeona Therapeutics, Inc. (a) (b) | 14654 | &nbsp;&nbsp;&nbsp; 65650 |
| Absci Corp. (a) (b) | 44731 | &nbsp;&nbsp;&nbsp; 134193 |
| ACADIA Pharmaceuticals, Inc. (a) | 39786 | &nbsp;&nbsp;&nbsp; 885636 |
| ADC Therapeutics SA (a) (b) | 29514 | &nbsp;&nbsp;&nbsp; 110677 |
| ADMA Biologics, Inc. (a) | 75298 | &nbsp;&nbsp;&nbsp; 678435 |
| Agios Pharmaceuticals, Inc. (a) | 19125 | &nbsp;&nbsp;&nbsp; 646999 |
| Akebia Therapeutics, Inc. (a) | 51695 | &nbsp;&nbsp;&nbsp; 71856 |
| Aktis Oncology, Inc. (a) (b) | 6754 | &nbsp;&nbsp;&nbsp; 120829 |
| Alector, Inc. (a) | 29970 | &nbsp;&nbsp;&nbsp; 64435 |
| Alkermes PLC (a) | 51230 | &nbsp;&nbsp;&nbsp; 1811493 |
| Allogene Therapeutics, Inc. (a) (b) | 50340 | &nbsp;&nbsp;&nbsp; 122830 |
| Altimmune, Inc. (a) | 41911 | &nbsp;&nbsp;&nbsp; 129086 |
| Amicus Therapeutics, Inc. (a) | 96816 | &nbsp;&nbsp;&nbsp; 1399959 |
| AnaptysBio, Inc. (a) | 6032 | &nbsp;&nbsp;&nbsp; 334535 |
| Anavex Life Sciences Corp. (a) (b) | 16958 | &nbsp;&nbsp;&nbsp; 52061 |
| Anika Therapeutics, Inc. (a) | 4117 | &nbsp;&nbsp;&nbsp; 59696 |
| Annexon, Inc. (a) | 42045 | &nbsp;&nbsp;&nbsp; 232929 |
| Apogee Therapeutics, Inc. (a) | 14094 | &nbsp;&nbsp;&nbsp; 1186292 |
| Arbutus Biopharma Corp. (a) | 48336 | &nbsp;&nbsp;&nbsp; 217512 |
| Arcellx, Inc. (a) | 12138 | &nbsp;&nbsp;&nbsp; 1393685 |
| Arcturus Therapeutics Holdings, Inc. (a) | 1579 | &nbsp;&nbsp;&nbsp; 12190 |
| Arcus Biosciences, Inc. (a) | 25608 | &nbsp;&nbsp;&nbsp; 553133 |
| Arcutis Biotherapeutics, Inc. (a) | 35427 | &nbsp;&nbsp;&nbsp; 834660 |
| Ardelyx, Inc. (a) | 76002 | &nbsp;&nbsp;&nbsp; 455252 |
| ArriVent Biopharma, Inc. (a) (b) | 9854 | &nbsp;&nbsp;&nbsp; 227332 |
| Arrowhead Pharmaceuticals, Inc. (a) | 43064 | &nbsp;&nbsp;&nbsp; 2700113 |
| ARS Pharmaceuticals, Inc. (a) (b) | 20288 | &nbsp;&nbsp;&nbsp; 162913 |
| Atrium Therapeutics, Inc. (a) | 3756 | &nbsp;&nbsp;&nbsp; 50218 |
| Aura Biosciences, Inc. (a) | 15284 | &nbsp;&nbsp;&nbsp; 102250 |
| Aurinia Pharmaceuticals, Inc. (a) | 38900 | &nbsp;&nbsp;&nbsp; 576498 |
| Beam Therapeutics, Inc. (a) (b) | 30236 | &nbsp;&nbsp;&nbsp; 720524 |
| Benitec Biopharma, Inc. (a) | 5673 | &nbsp;&nbsp;&nbsp; 60417 |
| Bicara Therapeutics, Inc. (a) | 10192 | &nbsp;&nbsp;&nbsp; 202719 |
| BioCryst Pharmaceuticals, Inc. (a) | 75721 | &nbsp;&nbsp;&nbsp; 720864 |
| Biohaven Ltd. (a) | 37601 | &nbsp;&nbsp;&nbsp; 318104 |
| Bridgebio Pharma, Inc. (a) (b) | 50054 | &nbsp;&nbsp;&nbsp; 3717010 |
| Bright Minds Biosciences, Inc. (a) (b) | 2270 | &nbsp;&nbsp;&nbsp; 165642 |
| Candel Therapeutics, Inc. (a) (b) | 6198 | &nbsp;&nbsp;&nbsp; 30370 |
| Capricor Therapeutics, Inc. (a) (b) | 13273 | &nbsp;&nbsp;&nbsp; 403499 |
| CareDx, Inc. (a) | 17021 | &nbsp;&nbsp;&nbsp; 295485 |
| Catalyst Pharmaceuticals, Inc. (a) | 38310 | &nbsp;&nbsp;&nbsp; 948556 |
| Celcuity, Inc. (a) | 11082 | &nbsp;&nbsp;&nbsp; 1264899 |
| Celldex Therapeutics, Inc. (a) | 21331 | &nbsp;&nbsp;&nbsp; 676619 |
| CG oncology, Inc. (a) | 19073 | &nbsp;&nbsp;&nbsp; 1290861 |
| Cogent Biosciences, Inc. (a) | 45945 | &nbsp;&nbsp;&nbsp; 1768423 |
| Coherus Oncology, Inc. (a) | 34326 | &nbsp;&nbsp;&nbsp; 58011 |
| Compass Therapeutics, Inc. (a) (b) | 34998 | &nbsp;&nbsp;&nbsp; 185139 |
| Corvus Pharmaceuticals, Inc. (a) | 18880 | &nbsp;&nbsp;&nbsp; 276214 |
| CRISPR Therapeutics AG (a) (b) | 28841 | &nbsp;&nbsp;&nbsp; 1371966 |
| Cullinan Therapeutics, Inc. (a) | 18364 | &nbsp;&nbsp;&nbsp; 260952 |
| Cytokinetics, Inc. (a) | 37835 | &nbsp;&nbsp;&nbsp; 2493705 |
| Day One Biopharmaceuticals, Inc. (a) | 26050 | &nbsp;&nbsp;&nbsp; 558512 |
| Denali Therapeutics, Inc. (a) | 45013 | &nbsp;&nbsp;&nbsp; 864250 |
| Design Therapeutics, Inc. (a) | 8950 | &nbsp;&nbsp;&nbsp; 95228 |
| DiaMedica Therapeutics, Inc. (a) | 4855 | &nbsp;&nbsp;&nbsp; 32868 |

---

**BHFTII-210**

------

**Brighthouse Funds Trust II**

**MetLife Russell 2000 Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Biotechnology—(Continued)** | **Biotechnology—(Continued)** | **Biotechnology—(Continued)** |
| Dianthus Therapeutics, Inc. (a) | 11334 | &nbsp;&nbsp;&nbsp; $951149 |
| Disc Medicine, Inc. (a) | 8743 | &nbsp;&nbsp;&nbsp; 559027 |
| Dyne Therapeutics, Inc. (a) | 42276 | &nbsp;&nbsp;&nbsp; 766464 |
| Editas Medicine, Inc. (a) | 32151 | &nbsp;&nbsp;&nbsp; 79413 |
| Eledon Pharmaceuticals, Inc. (a) | 24437 | &nbsp;&nbsp;&nbsp; 75266 |
| Emergent BioSolutions, Inc. (a) | 12732 | &nbsp;&nbsp;&nbsp; 105676 |
| Enanta Pharmaceuticals, Inc. (a) | 9008 | &nbsp;&nbsp;&nbsp; 113771 |
| Entrada Therapeutics, Inc. (a) (b) | 10642 | &nbsp;&nbsp;&nbsp; 134302 |
| Erasca, Inc. (a) | 60153 | &nbsp;&nbsp;&nbsp; 973276 |
| Evommune, Inc. (a) | 3500 | &nbsp;&nbsp;&nbsp; 80465 |
| Fennec Pharmaceuticals, Inc. (a) | 7920 | &nbsp;&nbsp;&nbsp; 48708 |
| Foghorn Therapeutics, Inc. (a) | 2600 | &nbsp;&nbsp;&nbsp; 12428 |
| Geron Corp. (a) | 149323 | &nbsp;&nbsp;&nbsp; 222491 |
| GRAIL, Inc. (a) | 11468 | &nbsp;&nbsp;&nbsp; 592666 |
| Greenwich Lifesciences, Inc. (a) (b) | 2193 | &nbsp;&nbsp;&nbsp; 52676 |
| Humacyte, Inc. (a) (b) | 55801 | &nbsp;&nbsp;&nbsp; 33854 |
| Ideaya Biosciences, Inc. (a) | 27246 | &nbsp;&nbsp;&nbsp; 907837 |
| ImmunityBio, Inc. (a) (b) | 91490 | &nbsp;&nbsp;&nbsp; 701728 |
| Immunome, Inc. (a) (b) | 32418 | &nbsp;&nbsp;&nbsp; 708982 |
| Immunovant, Inc. (a) (b) | 25804 | &nbsp;&nbsp;&nbsp; 640971 |
| Inhibikase Therapeutics, Inc. (a) (b) | 36513 | &nbsp;&nbsp;&nbsp; 61342 |
| Inhibrx Biosciences, Inc. (a) | 3158 | &nbsp;&nbsp;&nbsp; 212312 |
| Intellia Therapeutics, Inc. (a) | 33636 | &nbsp;&nbsp;&nbsp; 431213 |
| Iovance Biotherapeutics, Inc. (a) | 107022 | &nbsp;&nbsp;&nbsp; 375647 |
| Ironwood Pharmaceuticals, Inc. (a) | 38149 | &nbsp;&nbsp;&nbsp; 133903 |
| Jade Biosciences, Inc.  | 10409 | &nbsp;&nbsp;&nbsp; 146246 |
| Janux Therapeutics, Inc. (a) (b) | 14413 | &nbsp;&nbsp;&nbsp; 200341 |
| KalVista Pharmaceuticals, Inc. (a) (b) | 12559 | &nbsp;&nbsp;&nbsp; 252813 |
| Keros Therapeutics, Inc. (a) (b) | 9594 | &nbsp;&nbsp;&nbsp; 105918 |
| Kodiak Sciences, Inc. (a) | 11670 | &nbsp;&nbsp;&nbsp; 444860 |
| Krystal Biotech, Inc. (a) | 7824 | &nbsp;&nbsp;&nbsp; 2021096 |
| Kura Oncology, Inc. (a) | 20921 | &nbsp;&nbsp;&nbsp; 170088 |
| Kymera Therapeutics, Inc. (a) | 18389 | &nbsp;&nbsp;&nbsp; 1531620 |
| Larimar Therapeutics, Inc. (a) | 15492 | &nbsp;&nbsp;&nbsp; 69714 |
| Lexeo Therapeutics, Inc. (a) | 21061 | &nbsp;&nbsp;&nbsp; 120890 |
| Madrigal Pharmaceuticals, Inc. (a) | 5398 | &nbsp;&nbsp;&nbsp; 2825691 |
| MannKind Corp. (a) | 74752 | &nbsp;&nbsp;&nbsp; 183142 |
| MapLight Therapeutics, Inc. (a) | 5777 | &nbsp;&nbsp;&nbsp; 117446 |
| MeiraGTx Holdings PLC (a) | 12730 | &nbsp;&nbsp;&nbsp; 110242 |
| MiMedx Group, Inc. (a) | 27886 | &nbsp;&nbsp;&nbsp; 110150 |
| Mineralys Therapeutics, Inc. (a) | 15332 | &nbsp;&nbsp;&nbsp; 415344 |
| Mirum Pharmaceuticals, Inc. (a) | 13310 | &nbsp;&nbsp;&nbsp; 1229578 |
| Monopar Therapeutics, Inc. (a) | 1532 | &nbsp;&nbsp;&nbsp; 83938 |
| Monte Rosa Therapeutics, Inc. (a) | 19390 | &nbsp;&nbsp;&nbsp; 318965 |
| Myriad Genetics, Inc. (a) | 29592 | &nbsp;&nbsp;&nbsp; 133164 |
| Neurogene, Inc. (a) | 3411 | &nbsp;&nbsp;&nbsp; 68766 |
| Novavax, Inc. (a) (b) | 44326 | &nbsp;&nbsp;&nbsp; 360814 |
| Nurix Therapeutics, Inc. (a) | 32631 | &nbsp;&nbsp;&nbsp; 505780 |
| Nuvalent, Inc. - Class A (a) | 15820 | &nbsp;&nbsp;&nbsp; 1620759 |
| Olema Pharmaceuticals, Inc. (a) (b) | 22356 | &nbsp;&nbsp;&nbsp; 333328 |
| ORIC Pharmaceuticals, Inc. (a) | 20325 | &nbsp;&nbsp;&nbsp; 257518 |
| Oruka Therapeutics, Inc. (a) | 12595 | &nbsp;&nbsp;&nbsp; 617785 |
| Palvella Therapeutics, Inc. (a) | 2572 | &nbsp;&nbsp;&nbsp; 320600 |
| Perspective Therapeutics, Inc. (a) | 20137 | &nbsp;&nbsp;&nbsp; 83971 |
| Praxis Precision Medicines, Inc. (a) | 8156 | &nbsp;&nbsp;&nbsp; 2627782 |
| Precigen, Inc. (a) | 45008 | &nbsp;&nbsp;&nbsp; 174181 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Biotechnology—(Continued)** | **Biotechnology—(Continued)** | **Biotechnology—(Continued)** |
| Prime Medicine, Inc. (a) (b) | 20947 | &nbsp;&nbsp;&nbsp; $72896 |
| Protagonist Therapeutics, Inc. (a) | 18373 | &nbsp;&nbsp;&nbsp; 1936514 |
| Protalix BioTherapeutics, Inc. (a) | 25288 | &nbsp;&nbsp;&nbsp; 54875 |
| Protara Therapeutics, Inc. (a) | 16701 | &nbsp;&nbsp;&nbsp; 87012 |
| Prothena Corp. PLC (a) | 9194 | &nbsp;&nbsp;&nbsp; 89366 |
| PTC Therapeutics, Inc. (a) | 24858 | &nbsp;&nbsp;&nbsp; 1693576 |
| Puma Biotechnology, Inc. (a) | 6747 | &nbsp;&nbsp;&nbsp; 43113 |
| Recursion Pharmaceuticals, Inc. - Class A (a) (b) | 145973 | &nbsp;&nbsp;&nbsp; 448137 |
| REGENXBIO, Inc. (a) | 9609 | &nbsp;&nbsp;&nbsp; 80523 |
| Relay Therapeutics, Inc. (a) | 45955 | &nbsp;&nbsp;&nbsp; 457252 |
| Replimune Group, Inc. (a) | 22968 | &nbsp;&nbsp;&nbsp; 175705 |
| Rezolute, Inc. (a) | 25492 | &nbsp;&nbsp;&nbsp; 77751 |
| Rhythm Pharmaceuticals, Inc. (a) | 16680 | &nbsp;&nbsp;&nbsp; 1450660 |
| Rigel Pharmaceuticals, Inc. (a) | 6223 | &nbsp;&nbsp;&nbsp; 168270 |
| Rocket Pharmaceuticals, Inc. (a) | 27303 | &nbsp;&nbsp;&nbsp; 97745 |
| Sana Biotechnology, Inc. (a) (b) | 40250 | &nbsp;&nbsp;&nbsp; 115920 |
| Savara, Inc. (a) | 37211 | &nbsp;&nbsp;&nbsp; 203172 |
| Scholar Rock Holding Corp. (a) | 27523 | &nbsp;&nbsp;&nbsp; 1353031 |
| SELLAS Life Sciences Group, Inc. (a) (b) | 54704 | &nbsp;&nbsp;&nbsp; 231398 |
| Sionna Therapeutics, Inc. (a) | 4849 | &nbsp;&nbsp;&nbsp; 194396 |
| Soleno Therapeutics, Inc. (a) | 15961 | &nbsp;&nbsp;&nbsp; 534374 |
| Solid Biosciences, Inc. (a) | 13132 | &nbsp;&nbsp;&nbsp; 94550 |
| Spyre Therapeutics, Inc. (a) | 22411 | &nbsp;&nbsp;&nbsp; 1130411 |
| Stoke Therapeutics, Inc. (a) (b) | 14916 | &nbsp;&nbsp;&nbsp; 485665 |
| Syndax Pharmaceuticals, Inc. (a) | 27238 | &nbsp;&nbsp;&nbsp; 636280 |
| Tango Therapeutics, Inc. (a) (b) | 35194 | &nbsp;&nbsp;&nbsp; 736258 |
| Taysha Gene Therapies, Inc. (a) (b) | 70729 | &nbsp;&nbsp;&nbsp; 316159 |
| Tectonic Therapeutic, Inc. (a) (b) | 4059 | &nbsp;&nbsp;&nbsp; 125464 |
| TG Therapeutics, Inc. (a) | 47172 | &nbsp;&nbsp;&nbsp; 1567054 |
| Tonix Pharmaceuticals Holding Corp. (a) (b) | 4466 | &nbsp;&nbsp;&nbsp; 61407 |
| Travere Therapeutics, Inc. (a) | 26819 | &nbsp;&nbsp;&nbsp; 796792 |
| Twist Bioscience Corp. (a) | 19223 | &nbsp;&nbsp;&nbsp; 913477 |
| Tyra Biosciences, Inc. (a) | 8096 | &nbsp;&nbsp;&nbsp; 310077 |
| Upstream Bio, Inc. (a) | 11081 | &nbsp;&nbsp;&nbsp; 99729 |
| UroGen Pharma Ltd. (a) | 14018 | &nbsp;&nbsp;&nbsp; 252044 |
| Vanda Pharmaceuticals, Inc. (a) | 17869 | &nbsp;&nbsp;&nbsp; 123475 |
| Vaxcyte, Inc. (a) | 39207 | &nbsp;&nbsp;&nbsp; 2278319 |
| Vera Therapeutics, Inc. (a) | 19620 | &nbsp;&nbsp;&nbsp; 789313 |
| Veracyte, Inc. (a) | 25923 | &nbsp;&nbsp;&nbsp; 834980 |
| Verastem, Inc. (a) | 17642 | &nbsp;&nbsp;&nbsp; 93503 |
| Vericel Corp. (a) | 16689 | &nbsp;&nbsp;&nbsp; 536885 |
| Vir Biotechnology, Inc. (a) | 29709 | &nbsp;&nbsp;&nbsp; 266193 |
| Viridian Therapeutics, Inc. (a) | 25982 | &nbsp;&nbsp;&nbsp; 508208 |
| Voyager Therapeutics, Inc. (a) | 15388 | &nbsp;&nbsp;&nbsp; 59398 |
| Xencor, Inc. (a) | 23992 | &nbsp;&nbsp;&nbsp; 289344 |
| Xenon Pharmaceuticals, Inc. (a) | 27329 | &nbsp;&nbsp;&nbsp; 1589181 |
| XOMA Royalty Corp. (a) | 3457 | &nbsp;&nbsp;&nbsp; 108446 |
| Zenas Biopharma, Inc. (a) (b) | 7627 | &nbsp;&nbsp;&nbsp; 149108 |
| Zymeworks, Inc. (a) | 17249 | &nbsp;&nbsp;&nbsp; 431915 |
|  |  | &nbsp;&nbsp;&nbsp; 85995098 |
| **Broadline Retail — 0.1%** | **Broadline Retail — 0.1%** | **Broadline Retail — 0.1%** |
| Groupon, Inc. (a) (b) | 4107 | &nbsp;&nbsp;&nbsp; 48873 |
| Kohl's Corp.  | 34572 | &nbsp;&nbsp;&nbsp; 445979 |
| Savers Value Village, Inc. (a) | 13102 | &nbsp;&nbsp;&nbsp; 97479 |
|  |  | &nbsp;&nbsp;&nbsp; 592331 |

---

**BHFTII-211**

------

**Brighthouse Funds Trust II**

**MetLife Russell 2000 Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Building Products — 1.5%** | **Building Products — 1.5%** | **Building Products — 1.5%** |
| American Woodmark Corp. (a) | 4886 | &nbsp;&nbsp;&nbsp; $194609 |
| Apogee Enterprises, Inc.  | 6681 | &nbsp;&nbsp;&nbsp; 224081 |
| AZZ, Inc.  | 9248 | &nbsp;&nbsp;&nbsp; 1157202 |
| CSW Industrials, Inc.  | 5052 | &nbsp;&nbsp;&nbsp; 1316450 |
| Gibraltar Industries, Inc. (a) | 10166 | &nbsp;&nbsp;&nbsp; 405318 |
| Griffon Corp.  | 12073 | &nbsp;&nbsp;&nbsp; 877466 |
| Insteel Industries, Inc.  | 6808 | &nbsp;&nbsp;&nbsp; 228817 |
| Janus International Group, Inc. (a) | 44871 | &nbsp;&nbsp;&nbsp; 231086 |
| Masterbrand, Inc. (a) (b) | 45688 | &nbsp;&nbsp;&nbsp; 379667 |
| Modine Manufacturing Co. (a) | 16539 | &nbsp;&nbsp;&nbsp; 3584167 |
| Quanex Building Products Corp.  | 13830 | &nbsp;&nbsp;&nbsp; 248525 |
| Resideo Technologies, Inc. (a) | 40596 | &nbsp;&nbsp;&nbsp; 1368491 |
| Tecnoglass, Inc. (b) | 8912 | &nbsp;&nbsp;&nbsp; 397030 |
| UFP Industries, Inc.  | 18386 | &nbsp;&nbsp;&nbsp; 1693718 |
| Zurn Elkay Water Solutions Corp.  | 47496 | &nbsp;&nbsp;&nbsp; 2129721 |
|  |  | &nbsp;&nbsp;&nbsp; 14436348 |
| **Capital Markets — 1.7%** | **Capital Markets — 1.7%** | **Capital Markets — 1.7%** |
| Acadian Asset Management, Inc.  | 8939 | &nbsp;&nbsp;&nbsp; 486460 |
| AlTi Global, Inc. (a) | 15029 | &nbsp;&nbsp;&nbsp; 54405 |
| Artisan Partners Asset Management, Inc. - Class A | 20124 | &nbsp;&nbsp;&nbsp; 732312 |
| BGC Group, Inc. - Class A | 113098 | &nbsp;&nbsp;&nbsp; 1106098 |
| Cohen & Steers, Inc.  | 9062 | &nbsp;&nbsp;&nbsp; 566828 |
| Diamond Hill Investment Group, Inc.  | 716 | &nbsp;&nbsp;&nbsp; 123224 |
| DigitalBridge Group, Inc.  | 57661 | &nbsp;&nbsp;&nbsp; 889133 |
| Donnelley Financial Solutions, Inc. (a) | 7886 | &nbsp;&nbsp;&nbsp; 371746 |
| GCM Grosvenor, Inc. - Class A | 19826 | &nbsp;&nbsp;&nbsp; 194295 |
| Innventure, Inc. (a) | 17656 | &nbsp;&nbsp;&nbsp; 69035 |
| Marex Group PLC | 17637 | &nbsp;&nbsp;&nbsp; 786257 |
| Miami International Holdings, Inc. (a) | 7773 | &nbsp;&nbsp;&nbsp; 302525 |
| Moelis & Co. - Class A | 23485 | &nbsp;&nbsp;&nbsp; 1338645 |
| Open Lending Corp. (a) | 38055 | &nbsp;&nbsp;&nbsp; 47569 |
| Patria Investments Ltd. - Class A (b) | 22588 | &nbsp;&nbsp;&nbsp; 284609 |
| Perella Weinberg Partners (b) | 22223 | &nbsp;&nbsp;&nbsp; 403570 |
| Piper Sandler Cos. (b) | 21968 | &nbsp;&nbsp;&nbsp; 1681650 |
| PJT Partners, Inc. - Class A (b) | 7171 | &nbsp;&nbsp;&nbsp; 1001932 |
| Ridgepost Capital, Inc. - Class A | 20181 | &nbsp;&nbsp;&nbsp; 146514 |
| StepStone Group, Inc. - Class A | 22726 | &nbsp;&nbsp;&nbsp; 1084485 |
| StoneX Group, Inc. (a) | 23211 | &nbsp;&nbsp;&nbsp; 1871967 |
| Victory Capital Holdings, Inc. - Class A (b) | 14522 | &nbsp;&nbsp;&nbsp; 950901 |
| Virtus Investment Partners, Inc.  | 2173 | &nbsp;&nbsp;&nbsp; 291943 |
| Wealthfront Corp. (a) | 11666 | &nbsp;&nbsp;&nbsp; 107910 |
| Webull Corp. (a) | 80508 | &nbsp;&nbsp;&nbsp; 386438 |
| WisdomTree, Inc. (b) | 37128 | &nbsp;&nbsp;&nbsp; 540584 |
|  |  | &nbsp;&nbsp;&nbsp; 15821035 |
| **Chemicals — 1.6%** | **Chemicals — 1.6%** | **Chemicals — 1.6%** |
| AdvanSix, Inc.  | 9088 | &nbsp;&nbsp;&nbsp; 221747 |
| ASP Isotopes, Inc. (a) (b) | 36905 | &nbsp;&nbsp;&nbsp; 163120 |
| Aspen Aerogels, Inc. (a) | 8722 | &nbsp;&nbsp;&nbsp; 29829 |
| Avient Corp.  | 29954 | &nbsp;&nbsp;&nbsp; 1087330 |
| Balchem Corp.  | 10379 | &nbsp;&nbsp;&nbsp; 1759033 |
| Cabot Corp.  | 16533 | &nbsp;&nbsp;&nbsp; 1245100 |
| Chemours Co. (b) | 47345 | &nbsp;&nbsp;&nbsp; 1043010 |
| Core Molding Technologies, Inc. (a) | 2763 | &nbsp;&nbsp;&nbsp; 61891 |
| Ecovyst, Inc. (a) | 33591 | &nbsp;&nbsp;&nbsp; 431980 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Chemicals—(Continued)** | **Chemicals—(Continued)** | **Chemicals—(Continued)** |
| Flotek Industries, Inc. (a) (b) | 5204 | &nbsp;&nbsp;&nbsp; $88312 |
| Hawkins, Inc.  | 6304 | &nbsp;&nbsp;&nbsp; 968295 |
| HB Fuller Co.  | 18000 | &nbsp;&nbsp;&nbsp; 1110240 |
| Ingevity Corp. (a) | 11411 | &nbsp;&nbsp;&nbsp; 812806 |
| Innospec, Inc.  | 8314 | &nbsp;&nbsp;&nbsp; 607088 |
| Intrepid Potash, Inc. (a) | 3501 | &nbsp;&nbsp;&nbsp; 149738 |
| Koppers Holdings, Inc.  | 6695 | &nbsp;&nbsp;&nbsp; 258963 |
| LSB Industries, Inc. (a) | 17256 | &nbsp;&nbsp;&nbsp; 257115 |
| Mativ Holdings, Inc.  | 12470 | &nbsp;&nbsp;&nbsp; 108489 |
| Minerals Technologies, Inc.  | 10020 | &nbsp;&nbsp;&nbsp; 710619 |
| Orion SA | 9720 | &nbsp;&nbsp;&nbsp; 63180 |
| Perimeter Solutions, Inc. (a) | 44108 | &nbsp;&nbsp;&nbsp; 1077117 |
| PureCycle Technologies, Inc. (a) (b) | 47118 | &nbsp;&nbsp;&nbsp; 244543 |
| Quaker Chemical Corp. (b) | 4279 | &nbsp;&nbsp;&nbsp; 531580 |
| Rayonier Advanced Materials, Inc. (a) | 20690 | &nbsp;&nbsp;&nbsp; 229038 |
| Sensient Technologies Corp.  | 13379 | &nbsp;&nbsp;&nbsp; 1156481 |
| Stepan Co.  | 7686 | &nbsp;&nbsp;&nbsp; 384146 |
| Tronox Holdings PLC | 38238 | &nbsp;&nbsp;&nbsp; 373585 |
|  |  | &nbsp;&nbsp;&nbsp; 15174375 |
| **Commercial Services & Supplies — 1.3%** | **Commercial Services & Supplies — 1.3%** | **Commercial Services & Supplies — 1.3%** |
| ABM Industries, Inc.  | 19814 | &nbsp;&nbsp;&nbsp; 763235 |
| ACCO Brands Corp.  | 28381 | &nbsp;&nbsp;&nbsp; 85143 |
| ACV Auctions, Inc. - Class A (a) | 44903 | &nbsp;&nbsp;&nbsp; 190389 |
| BrightView Holdings, Inc. (a) | 19628 | &nbsp;&nbsp;&nbsp; 231414 |
| Brink's Co.  | 13156 | &nbsp;&nbsp;&nbsp; 1363356 |
| Casella Waste Systems, Inc. - Class A (a) | 19786 | &nbsp;&nbsp;&nbsp; 1569821 |
| Cimpress PLC (a) | 5669 | &nbsp;&nbsp;&nbsp; 413837 |
| CoreCivic, Inc. (a) | 31849 | &nbsp;&nbsp;&nbsp; 602265 |
| Deluxe Corp.  | 15039 | &nbsp;&nbsp;&nbsp; 414174 |
| Ennis, Inc.  | 6216 | &nbsp;&nbsp;&nbsp; 133147 |
| Enviri Corp. (a) | 23895 | &nbsp;&nbsp;&nbsp; 468820 |
| GEO Group, Inc. (a) | 40336 | &nbsp;&nbsp;&nbsp; 678048 |
| Healthcare Services Group, Inc. (a) | 24186 | &nbsp;&nbsp;&nbsp; 448650 |
| HNI Corp.  | 22274 | &nbsp;&nbsp;&nbsp; 743729 |
| Interface, Inc.  | 18871 | &nbsp;&nbsp;&nbsp; 470265 |
| Liquidity Services, Inc. (a) | 7856 | &nbsp;&nbsp;&nbsp; 240158 |
| MillerKnoll, Inc.  | 20084 | &nbsp;&nbsp;&nbsp; 290415 |
| Montrose Environmental Group, Inc. (a) (b) | 11341 | &nbsp;&nbsp;&nbsp; 248254 |
| OPENLANE, Inc. (a) | 33366 | &nbsp;&nbsp;&nbsp; 972619 |
| Perma-Fix Environmental Services, Inc. (a) | 2008 | &nbsp;&nbsp;&nbsp; 21466 |
| Pitney Bowes, Inc. (b) | 51126 | &nbsp;&nbsp;&nbsp; 564942 |
| Quad/Graphics, Inc.  | 9138 | &nbsp;&nbsp;&nbsp; 60402 |
| UniFirst Corp.  | 4591 | &nbsp;&nbsp;&nbsp; 1155050 |
| Vestis Corp. (a) | 29560 | &nbsp;&nbsp;&nbsp; 232342 |
|  |  | &nbsp;&nbsp;&nbsp; 12361941 |
| **Communications Equipment — 1.2%** | **Communications Equipment — 1.2%** | **Communications Equipment — 1.2%** |
| ADTRAN Holdings, Inc. (a) (b) | 23656 | &nbsp;&nbsp;&nbsp; 297592 |
| Applied Optoelectronics, Inc. (a) (b) | 20862 | &nbsp;&nbsp;&nbsp; 1764717 |
| Aviat Networks, Inc. (a) | 3369 | &nbsp;&nbsp;&nbsp; 76173 |
| BK Technologies Corp. (a) | 1022 | &nbsp;&nbsp;&nbsp; 76272 |
| Calix, Inc. (a) | 19435 | &nbsp;&nbsp;&nbsp; 952121 |
| Clearfield, Inc. (a) | 4399 | &nbsp;&nbsp;&nbsp; 116442 |
| Digi International, Inc. (a) | 11748 | &nbsp;&nbsp;&nbsp; 566254 |
| Extreme Networks, Inc. (a) | 39650 | &nbsp;&nbsp;&nbsp; 597922 |

---

**BHFTII-212**

------

**Brighthouse Funds Trust II**

**MetLife Russell 2000 Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Communications Equipment—(Continued)** | **Communications Equipment—(Continued)** | **Communications Equipment—(Continued)** |
| Harmonic, Inc. (a) | 31795 | &nbsp;&nbsp;&nbsp; $285519 |
| Inseego Corp. (a) (b) | 4398 | &nbsp;&nbsp;&nbsp; 48906 |
| NETGEAR, Inc. (a) | 9591 | &nbsp;&nbsp;&nbsp; 209467 |
| NetScout Systems, Inc. (a) | 23085 | &nbsp;&nbsp;&nbsp; 733872 |
| Ribbon Communications, Inc. (a) | 30727 | &nbsp;&nbsp;&nbsp; 65141 |
| Viasat, Inc. (a) (b) | 39020 | &nbsp;&nbsp;&nbsp; 1787116 |
| Viavi Solutions, Inc. (a) | 72789 | &nbsp;&nbsp;&nbsp; 2422418 |
| Vistance Networks, Inc. (a) | 70912 | &nbsp;&nbsp;&nbsp; 1290598 |
|  |  | &nbsp;&nbsp;&nbsp; 11290530 |
| **Construction & Engineering — 2.7%** | **Construction & Engineering — 2.7%** | **Construction & Engineering — 2.7%** |
| Ameresco, Inc. - Class A (a) (b) | 10964 | &nbsp;&nbsp;&nbsp; 279582 |
| Arcosa, Inc.  | 15336 | &nbsp;&nbsp;&nbsp; 1627763 |
| Argan, Inc.  | 4239 | &nbsp;&nbsp;&nbsp; 2308771 |
| Bowman Consulting Group Ltd. (a) | 5271 | &nbsp;&nbsp;&nbsp; 149907 |
| Cardinal Infrastructure Group, Inc. - Class A (a) | 4192 | &nbsp;&nbsp;&nbsp; 166234 |
| Centuri Holdings, Inc. (a) | 27945 | &nbsp;&nbsp;&nbsp; 816273 |
| Concrete Pumping Holdings, Inc. (a) | 999 | &nbsp;&nbsp;&nbsp; 7133 |
| Construction Partners, Inc. - Class A (a) (b) | 15046 | &nbsp;&nbsp;&nbsp; 1671912 |
| Dycom Industries, Inc. (a) | 9212 | &nbsp;&nbsp;&nbsp; 3121210 |
| Fluor Corp. (a) | 50838 | &nbsp;&nbsp;&nbsp; 2371593 |
| Granite Construction, Inc. (b) | 13825 | &nbsp;&nbsp;&nbsp; 1657341 |
| Great Lakes Dredge & Dock Corp. (a) | 19045 | &nbsp;&nbsp;&nbsp; 323765 |
| IES Holdings, Inc. (a) (b) | 2855 | &nbsp;&nbsp;&nbsp; 1360322 |
| Legence Corp. - Class A (a) (b) | 12156 | &nbsp;&nbsp;&nbsp; 686328 |
| Limbach Holdings, Inc. (a) (b) | 3683 | &nbsp;&nbsp;&nbsp; 287458 |
| Matrix Service Co. (a) | 4251 | &nbsp;&nbsp;&nbsp; 48801 |
| MYR Group, Inc. (a) | 4872 | &nbsp;&nbsp;&nbsp; 1375463 |
| NWPX Infrastructure, Inc. (a) | 2859 | &nbsp;&nbsp;&nbsp; 222602 |
| Orion Group Holdings, Inc. (a) | 12144 | &nbsp;&nbsp;&nbsp; 132370 |
| Primoris Services Corp.  | 17082 | &nbsp;&nbsp;&nbsp; 2443409 |
| Sterling Infrastructure, Inc. (a) | 9413 | &nbsp;&nbsp;&nbsp; 3833632 |
| Tutor Perini Corp.  | 14391 | &nbsp;&nbsp;&nbsp; 1110841 |
|  |  | &nbsp;&nbsp;&nbsp; 26002710 |
| **Construction Materials — 0.2%** | **Construction Materials — 0.2%** | **Construction Materials — 0.2%** |
| Knife River Corp. (a) | 18078 | &nbsp;&nbsp;&nbsp; 1476069 |
| Titan America SA (a) (b) | 9226 | &nbsp;&nbsp;&nbsp; 138205 |
| U.S. Lime & Minerals, Inc.  | 3413 | &nbsp;&nbsp;&nbsp; 445772 |
|  |  | &nbsp;&nbsp;&nbsp; 2060046 |
| **Consumer Finance — 1.0%** | **Consumer Finance — 1.0%** | **Consumer Finance — 1.0%** |
| Atlanticus Holdings Corp. (a) | 1823 | &nbsp;&nbsp;&nbsp; 95653 |
| Bread Financial Holdings, Inc.  | 14884 | &nbsp;&nbsp;&nbsp; 1114663 |
| Dave, Inc. (a) | 3391 | &nbsp;&nbsp;&nbsp; 590339 |
| Encore Capital Group, Inc. (a) | 6852 | &nbsp;&nbsp;&nbsp; 480462 |
| Enova International, Inc. (a) | 7504 | &nbsp;&nbsp;&nbsp; 1019268 |
| FirstCash Holdings, Inc.  | 12507 | &nbsp;&nbsp;&nbsp; 2351316 |
| Green Dot Corp. - Class A (a) | 17589 | &nbsp;&nbsp;&nbsp; 197349 |
| Jefferson Capital, Inc.  | 7259 | &nbsp;&nbsp;&nbsp; 139591 |
| LendingClub Corp. (a) | 36856 | &nbsp;&nbsp;&nbsp; 527778 |
| LendingTree, Inc. (a) | 3966 | &nbsp;&nbsp;&nbsp; 170062 |
| Navient Corp. (b) | 14810 | &nbsp;&nbsp;&nbsp; 121146 |
| Nelnet, Inc. - Class A | 4088 | &nbsp;&nbsp;&nbsp; 527188 |
| NerdWallet, Inc. - Class A (a) (b) | 14569 | &nbsp;&nbsp;&nbsp; 151226 |
| Oportun Financial Corp. (a) | 13421 | &nbsp;&nbsp;&nbsp; 61871 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Consumer Finance—(Continued)** | **Consumer Finance—(Continued)** | **Consumer Finance—(Continued)** |
| OppFi, Inc.  | 9147 | &nbsp;&nbsp;&nbsp; $70523 |
| PRA Group, Inc. (a) | 12414 | &nbsp;&nbsp;&nbsp; 217245 |
| PROG Holdings, Inc.  | 13551 | &nbsp;&nbsp;&nbsp; 388778 |
| Regional Management Corp.  | 3196 | &nbsp;&nbsp;&nbsp; 103071 |
| Upstart Holdings, Inc. (a) (b) | 27623 | &nbsp;&nbsp;&nbsp; 708530 |
| World Acceptance Corp. (a) | 925 | &nbsp;&nbsp;&nbsp; 124912 |
|  |  | &nbsp;&nbsp;&nbsp; 9160971 |
| **Consumer Staples Distribution & Retail — 0.5%** | **Consumer Staples Distribution & Retail — 0.5%** | **Consumer Staples Distribution & Retail — 0.5%** |
| Andersons, Inc.  | 10138 | &nbsp;&nbsp;&nbsp; 727706 |
| Chefs' Warehouse, Inc. (a) (b) | 11570 | &nbsp;&nbsp;&nbsp; 687836 |
| Grocery Outlet Holding Corp. (a) | 22266 | &nbsp;&nbsp;&nbsp; 156975 |
| Ingles Markets, Inc. - Class A | 4668 | &nbsp;&nbsp;&nbsp; 419606 |
| Natural Grocers by Vitamin Cottage, Inc.  | 4643 | &nbsp;&nbsp;&nbsp; 120022 |
| PriceSmart, Inc.  | 8122 | &nbsp;&nbsp;&nbsp; 1222361 |
| United Natural Foods, Inc. (a) | 19936 | &nbsp;&nbsp;&nbsp; 898316 |
| Village Super Market, Inc. - Class A | 2798 | &nbsp;&nbsp;&nbsp; 118160 |
| Weis Markets, Inc. (b) | 4513 | &nbsp;&nbsp;&nbsp; 308644 |
|  |  | &nbsp;&nbsp;&nbsp; 4659626 |
| **Containers & Packaging — 0.2%** | **Containers & Packaging — 0.2%** | **Containers & Packaging — 0.2%** |
| Ardagh Metal Packaging SA | 35224 | &nbsp;&nbsp;&nbsp; 142657 |
| Greif, Inc. - Class A | 7565 | &nbsp;&nbsp;&nbsp; 507385 |
| Greif, Inc. - Class B | 1893 | &nbsp;&nbsp;&nbsp; 165713 |
| Myers Industries, Inc.  | 12512 | &nbsp;&nbsp;&nbsp; 265004 |
| O-I Glass, Inc. (a) | 44318 | &nbsp;&nbsp;&nbsp; 465782 |
| Ranpak Holdings Corp. (a) | 16032 | &nbsp;&nbsp;&nbsp; 57234 |
| TriMas Corp.  | 10568 | &nbsp;&nbsp;&nbsp; 379814 |
|  |  | &nbsp;&nbsp;&nbsp; 1983589 |
| **Distributors — 0.1%** | **Distributors — 0.1%** | **Distributors — 0.1%** |
| GigaCloud Technology, Inc. - Class A (a) (b) | 8375 | &nbsp;&nbsp;&nbsp; 380058 |
| Gold.com, Inc.  | 6089 | &nbsp;&nbsp;&nbsp; 244047 |
| Weyco Group, Inc.  | 2058 | &nbsp;&nbsp;&nbsp; 65959 |
|  |  | &nbsp;&nbsp;&nbsp; 690064 |
| **Diversified Consumer Services — 1.1%** | **Diversified Consumer Services — 1.1%** | **Diversified Consumer Services — 1.1%** |
| American Public Education, Inc. (a) | 5476 | &nbsp;&nbsp;&nbsp; 311475 |
| Carriage Services, Inc.  | 4959 | &nbsp;&nbsp;&nbsp; 226428 |
| Coursera, Inc. (a) | 44239 | &nbsp;&nbsp;&nbsp; 257471 |
| Covista, Inc. (a) | 10794 | &nbsp;&nbsp;&nbsp; 1244008 |
| Driven Brands Holdings, Inc. (a) | 21813 | &nbsp;&nbsp;&nbsp; 275062 |
| European Wax Center, Inc. - Class A (a) | 10074 | &nbsp;&nbsp;&nbsp; 58228 |
| Frontdoor, Inc. (a) | 22974 | &nbsp;&nbsp;&nbsp; 1214406 |
| Graham Holdings Co. - Class B | 1017 | &nbsp;&nbsp;&nbsp; 1075233 |
| Laureate Education, Inc. (a) | 39995 | &nbsp;&nbsp;&nbsp; 1393426 |
| Lincoln Educational Services Corp. (a) | 9787 | &nbsp;&nbsp;&nbsp; 398135 |
| Matthews International Corp. - Class A (b) | 10243 | &nbsp;&nbsp;&nbsp; 264474 |
| McGraw Hill, Inc. (a) | 8613 | &nbsp;&nbsp;&nbsp; 117998 |
| Mister Car Wash, Inc. (a) | 26629 | &nbsp;&nbsp;&nbsp; 185604 |
| OneSpaWorld Holdings Ltd.  | 32610 | &nbsp;&nbsp;&nbsp; 748399 |
| Perdoceo Education Corp.  | 20871 | &nbsp;&nbsp;&nbsp; 776610 |
| Strategic Education, Inc.  | 7512 | &nbsp;&nbsp;&nbsp; 623196 |
| Stride, Inc. (a) | 13240 | &nbsp;&nbsp;&nbsp; 1167371 |
| Udemy, Inc. (a) | 22077 | &nbsp;&nbsp;&nbsp; 101996 |

---

**BHFTII-213**

------

**Brighthouse Funds Trust II**

**MetLife Russell 2000 Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Diversified Consumer Services—(Continued)** | **Diversified Consumer Services—(Continued)** | **Diversified Consumer Services—(Continued)** |
| Universal Technical Institute, Inc. (a) | 15017 | &nbsp;&nbsp;&nbsp; $542114 |
|  |  | &nbsp;&nbsp;&nbsp; 10981634 |
| **Diversified REITs — 0.5%** | **Diversified REITs — 0.5%** | **Diversified REITs — 0.5%** |
| AH Realty Trust, Inc.  | 18526 | &nbsp;&nbsp;&nbsp; 101893 |
| Alpine Income Property Trust, Inc.  | 4463 | &nbsp;&nbsp;&nbsp; 80334 |
| American Assets Trust, Inc.  | 18823 | &nbsp;&nbsp;&nbsp; 346532 |
| Broadstone Net Lease, Inc.  | 60077 | &nbsp;&nbsp;&nbsp; 1097607 |
| CTO Realty Growth, Inc.  | 8817 | &nbsp;&nbsp;&nbsp; 163026 |
| Essential Properties Realty Trust, Inc.  | 62739 | &nbsp;&nbsp;&nbsp; 1904756 |
| Gladstone Commercial Corp. (b) | 15242 | &nbsp;&nbsp;&nbsp; 174216 |
| Global Net Lease, Inc.  | 59828 | &nbsp;&nbsp;&nbsp; 559990 |
| NexPoint Diversified Real Estate Trust | 12700 | &nbsp;&nbsp;&nbsp; 59309 |
|  |  | &nbsp;&nbsp;&nbsp; 4487663 |
| **Diversified Telecommunication Services — 0.5%** | **Diversified Telecommunication Services — 0.5%** | **Diversified Telecommunication Services — 0.5%** |
| Anterix, Inc. (a) | 3695 | &nbsp;&nbsp;&nbsp; 141112 |
| ATN International, Inc.  | 3399 | &nbsp;&nbsp;&nbsp; 92521 |
| Bandwidth, Inc. - Class A (a) | 9824 | &nbsp;&nbsp;&nbsp; 175064 |
| Cogent Communications Holdings, Inc.  | 15478 | &nbsp;&nbsp;&nbsp; 291605 |
| Globalstar, Inc. (a) (b) | 15795 | &nbsp;&nbsp;&nbsp; 1049104 |
| IDT Corp. - Class B (b) | 5484 | &nbsp;&nbsp;&nbsp; 269264 |
| Liberty Latin America Ltd. - Class A (a) | 9815 | &nbsp;&nbsp;&nbsp; 84802 |
| Liberty Latin America Ltd. - Class C (a) | 44317 | &nbsp;&nbsp;&nbsp; 390876 |
| Lumen Technologies, Inc. (a) | 299449 | &nbsp;&nbsp;&nbsp; 2081171 |
| Shenandoah Telecommunications Co. (b) | 13391 | &nbsp;&nbsp;&nbsp; 206489 |
| Uniti Group, Inc. (b) | 48545 | &nbsp;&nbsp;&nbsp; 455352 |
|  |  | &nbsp;&nbsp;&nbsp; 5237360 |
| **Electric Utilities — 0.9%** | **Electric Utilities — 0.9%** | **Electric Utilities — 0.9%** |
| Genie Energy Ltd. - Class B | 6875 | &nbsp;&nbsp;&nbsp; 97212 |
| Hawaiian Electric Industries, Inc. (a) (b) | 51651 | &nbsp;&nbsp;&nbsp; 766501 |
| MGE Energy, Inc.  | 11651 | &nbsp;&nbsp;&nbsp; 900506 |
| Oklo, Inc. (a) (b) | 38569 | &nbsp;&nbsp;&nbsp; 1912637 |
| Otter Tail Corp.  | 12383 | &nbsp;&nbsp;&nbsp; 1086856 |
| Portland General Electric Co.  | 35493 | &nbsp;&nbsp;&nbsp; 1872965 |
| TXNM Energy, Inc.  | 31785 | &nbsp;&nbsp;&nbsp; 1858151 |
|  |  | &nbsp;&nbsp;&nbsp; 8494828 |
| **Electrical Equipment — 2.9%** | **Electrical Equipment — 2.9%** | **Electrical Equipment — 2.9%** |
| Allient, Inc.  | 4654 | &nbsp;&nbsp;&nbsp; 275005 |
| American Superconductor Corp. (a) | 15200 | &nbsp;&nbsp;&nbsp; 514520 |
| Amprius Technologies, Inc. (a) | 36560 | &nbsp;&nbsp;&nbsp; 616402 |
| Array Technologies, Inc. (a) (b) | 49724 | &nbsp;&nbsp;&nbsp; 359504 |
| Atkore, Inc.  | 10829 | &nbsp;&nbsp;&nbsp; 637936 |
| Bloom Energy Corp. - Class A (a) | 68956 | &nbsp;&nbsp;&nbsp; 9342848 |
| EnerSys | 11612 | &nbsp;&nbsp;&nbsp; 2017237 |
| Enovix Corp. (a) (b) | 61809 | &nbsp;&nbsp;&nbsp; 320171 |
| Eos Energy Enterprises, Inc. (a) (b) | 91932 | &nbsp;&nbsp;&nbsp; 455983 |
| Fluence Energy, Inc. (a) | 22831 | &nbsp;&nbsp;&nbsp; 314155 |
| Hyliion Holdings Corp. (a) (b) | 41692 | &nbsp;&nbsp;&nbsp; 73378 |
| LSI Industries, Inc.  | 9159 | &nbsp;&nbsp;&nbsp; 170357 |
| NANO Nuclear Energy, Inc. (a) (b) | 13184 | &nbsp;&nbsp;&nbsp; 270008 |
| Nextpower, Inc. - Class A (a) | 46053 | &nbsp;&nbsp;&nbsp; 5551689 |
| NuScale Power Corp. (a) (b) | 50588 | &nbsp;&nbsp;&nbsp; 548374 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Electrical Equipment—(Continued)** | **Electrical Equipment—(Continued)** | **Electrical Equipment—(Continued)** |
| Plug Power, Inc. (a) (b) | 418557 | &nbsp;&nbsp;&nbsp; $945939 |
| Powell Industries, Inc.  | 3016 | &nbsp;&nbsp;&nbsp; 1631897 |
| Power Solutions International, Inc. (a) (b) | 2810 | &nbsp;&nbsp;&nbsp; 171073 |
| Preformed Line Products Co.  | 876 | &nbsp;&nbsp;&nbsp; 237177 |
| Shoals Technologies Group, Inc. - Class A (a) (b) | 47259 | &nbsp;&nbsp;&nbsp; 310964 |
| SKYX Platforms Corp. (a) | 23341 | &nbsp;&nbsp;&nbsp; 26142 |
| Sunrun, Inc. (a) | 72711 | &nbsp;&nbsp;&nbsp; 985961 |
| T1 Energy, Inc. (a) | 64778 | &nbsp;&nbsp;&nbsp; 284375 |
| Thermon Group Holdings, Inc. (a) (b) | 10779 | &nbsp;&nbsp;&nbsp; 543262 |
| Vicor Corp. (a) | 7263 | &nbsp;&nbsp;&nbsp; 1169343 |
|  |  | &nbsp;&nbsp;&nbsp; 27773700 |
| **Electronic Equipment, Instruments & Components — 3.6%** | **Electronic Equipment, Instruments & Components — 3.6%** | **Electronic Equipment, Instruments & Components — 3.6%** |
| 908 Devices, Inc. (a) | 9989 | &nbsp;&nbsp;&nbsp; 61133 |
| Advanced Energy Industries, Inc.  | 11895 | &nbsp;&nbsp;&nbsp; 3838635 |
| Aeva Technologies, Inc. (a) (b) | 12940 | &nbsp;&nbsp;&nbsp; 170290 |
| Arlo Technologies, Inc. (a) | 32530 | &nbsp;&nbsp;&nbsp; 462902 |
| Badger Meter, Inc.  | 9373 | &nbsp;&nbsp;&nbsp; 1427977 |
| Bel Fuse, Inc. - Class A | 619 | &nbsp;&nbsp;&nbsp; 111544 |
| Bel Fuse, Inc. - Class B | 3423 | &nbsp;&nbsp;&nbsp; 677686 |
| Belden, Inc.  | 12319 | &nbsp;&nbsp;&nbsp; 1414591 |
| Benchmark Electronics, Inc.  | 10953 | &nbsp;&nbsp;&nbsp; 614025 |
| Climb Global Solutions, Inc.  | 5624 | &nbsp;&nbsp;&nbsp; 111468 |
| CTS Corp.  | 9691 | &nbsp;&nbsp;&nbsp; 462842 |
| Daktronics, Inc. (a) | 12816 | &nbsp;&nbsp;&nbsp; 250553 |
| ePlus, Inc.  | 8131 | &nbsp;&nbsp;&nbsp; 611858 |
| Evolv Technologies Holdings, Inc. (a) | 41789 | &nbsp;&nbsp;&nbsp; 252823 |
| Fabrinet (a) | 11397 | &nbsp;&nbsp;&nbsp; 5943763 |
| Frequency Electronics, Inc. (a) | 2433 | &nbsp;&nbsp;&nbsp; 107685 |
| Insight Enterprises, Inc. (a) (c) | 9646 | &nbsp;&nbsp;&nbsp; 646378 |
| Itron, Inc. (a) | 14353 | &nbsp;&nbsp;&nbsp; 1286459 |
| Kimball Electronics, Inc. (a) | 8628 | &nbsp;&nbsp;&nbsp; 204397 |
| Knowles Corp. (a) | 27039 | &nbsp;&nbsp;&nbsp; 694362 |
| Methode Electronics, Inc.  | 11011 | &nbsp;&nbsp;&nbsp; 60781 |
| MicroVision, Inc. (a) (b) | 25547 | &nbsp;&nbsp;&nbsp; 16381 |
| Mirion Technologies, Inc. (a) (b) | 75529 | &nbsp;&nbsp;&nbsp; 1404084 |
| M-Tron Industries, Inc. (a) | 943 | &nbsp;&nbsp;&nbsp; 63040 |
| Napco Security Technologies, Inc.  | 11551 | &nbsp;&nbsp;&nbsp; 454994 |
| nLight, Inc. (a) | 15041 | &nbsp;&nbsp;&nbsp; 857638 |
| Novanta, Inc. (a) | 11345 | &nbsp;&nbsp;&nbsp; 1339958 |
| OSI Systems, Inc. (a) | 4967 | &nbsp;&nbsp;&nbsp; 1318788 |
| Ouster, Inc. (a) | 18523 | &nbsp;&nbsp;&nbsp; 340267 |
| PC Connection, Inc.  | 3359 | &nbsp;&nbsp;&nbsp; 196367 |
| Plexus Corp. (a) (c) | 8399 | &nbsp;&nbsp;&nbsp; 1701133 |
| Powerfleet, Inc. NJ (a) (b) | 16614 | &nbsp;&nbsp;&nbsp; 51171 |
| Rogers Corp. (a) | 5688 | &nbsp;&nbsp;&nbsp; 610493 |
| Sanmina Corp. (a) | 16953 | &nbsp;&nbsp;&nbsp; 2197787 |
| ScanSource, Inc. (a) | 7703 | &nbsp;&nbsp;&nbsp; 279619 |
| TTM Technologies, Inc. (a) | 32306 | &nbsp;&nbsp;&nbsp; 3147251 |
| Vishay Intertechnology, Inc.  | 38038 | &nbsp;&nbsp;&nbsp; 684684 |
| Vishay Precision Group, Inc. (a) | 4194 | &nbsp;&nbsp;&nbsp; 182103 |
|  |  | &nbsp;&nbsp;&nbsp; 34257910 |
| **Energy Equipment & Services — 2.5%** | **Energy Equipment & Services — 2.5%** | **Energy Equipment & Services — 2.5%** |
| Archrock, Inc.  | 54549 | &nbsp;&nbsp;&nbsp; 1898305 |
| Atlas Energy Solutions, Inc. (b) | 23620 | &nbsp;&nbsp;&nbsp; 309894 |

---

**BHFTII-214**

------

**Brighthouse Funds Trust II**

**MetLife Russell 2000 Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Energy Equipment & Services—(Continued)** | **Energy Equipment & Services—(Continued)** | **Energy Equipment & Services—(Continued)** |
| Borr Drilling Ltd. (a) | 90969 | &nbsp;&nbsp;&nbsp; $524891 |
| Bristow Group, Inc.  | 9025 | &nbsp;&nbsp;&nbsp; 423182 |
| Cactus, Inc. - Class A | 22182 | &nbsp;&nbsp;&nbsp; 1050761 |
| Core Laboratories, Inc.  | 14231 | &nbsp;&nbsp;&nbsp; 238939 |
| Energy Services of America Corp.  | 4115 | &nbsp;&nbsp;&nbsp; 54030 |
| Expro Group Holdings NV (a) | 25982 | &nbsp;&nbsp;&nbsp; 452347 |
| Flowco Holdings, Inc. - Class A | 7113 | &nbsp;&nbsp;&nbsp; 146528 |
| Forum Energy Technologies, Inc. (a) | 3314 | &nbsp;&nbsp;&nbsp; 194399 |
| Helix Energy Solutions Group, Inc. (a) | 44107 | &nbsp;&nbsp;&nbsp; 436218 |
| Helmerich & Payne, Inc.  | 32004 | &nbsp;&nbsp;&nbsp; 1153104 |
| Innovex International, Inc. (a) | 12150 | &nbsp;&nbsp;&nbsp; 296339 |
| Kodiak Gas Services, Inc.  | 26428 | &nbsp;&nbsp;&nbsp; 1541281 |
| Liberty Energy, Inc.  | 49882 | &nbsp;&nbsp;&nbsp; 1436602 |
| Nabors Industries Ltd. (a) | 4496 | &nbsp;&nbsp;&nbsp; 386926 |
| National Energy Services Reunited Corp. (a) | 20802 | &nbsp;&nbsp;&nbsp; 446619 |
| Natural Gas Services Group, Inc.  | 3564 | &nbsp;&nbsp;&nbsp; 134505 |
| Noble Corp. PLC | 39928 | &nbsp;&nbsp;&nbsp; 1959267 |
| Oceaneering International, Inc. (a) | 31886 | &nbsp;&nbsp;&nbsp; 1130996 |
| Oil States International, Inc. (a) | 17981 | &nbsp;&nbsp;&nbsp; 209299 |
| Patterson-UTI Energy, Inc. (b) | 108797 | &nbsp;&nbsp;&nbsp; 1178272 |
| ProFrac Holding Corp. - Class A (a) | 9819 | &nbsp;&nbsp;&nbsp; 60878 |
| ProPetro Holding Corp. (a) | 31084 | &nbsp;&nbsp;&nbsp; 447920 |
| Ranger Energy Services, Inc. - Class A | 6726 | &nbsp;&nbsp;&nbsp; 115284 |
| RPC, Inc.  | 23342 | &nbsp;&nbsp;&nbsp; 165261 |
| SEACOR Marine Holdings, Inc. (a) | 7219 | &nbsp;&nbsp;&nbsp; 51688 |
| Seadrill Ltd. (a) | 19918 | &nbsp;&nbsp;&nbsp; 906269 |
| Select Water Solutions, Inc.  | 30961 | &nbsp;&nbsp;&nbsp; 473703 |
| Solaris Energy Infrastructure, Inc.  | 14632 | &nbsp;&nbsp;&nbsp; 826854 |
| TETRA Technologies, Inc. (a) | 37313 | &nbsp;&nbsp;&nbsp; 317907 |
| Tidewater, Inc. (a) | 15544 | &nbsp;&nbsp;&nbsp; 1298701 |
| Transocean Ltd. (a) (b) | 293320 | &nbsp;&nbsp;&nbsp; 1944712 |
| Valaris Ltd. (a) | 19732 | &nbsp;&nbsp;&nbsp; 1934525 |
|  |  | &nbsp;&nbsp;&nbsp; 24146406 |
| **Entertainment — 0.5%** | **Entertainment — 0.5%** | **Entertainment — 0.5%** |
| AMC Entertainment Holdings, Inc. - Class A (a) (b) | 125045 | &nbsp;&nbsp;&nbsp; 122544 |
| Atlanta Braves Holdings, Inc. - Class A (a) (b) | 2470 | &nbsp;&nbsp;&nbsp; 116460 |
| Atlanta Braves Holdings, Inc. - Class C (a) | 14411 | &nbsp;&nbsp;&nbsp; 615350 |
| Cinemark Holdings, Inc.  | 34294 | &nbsp;&nbsp;&nbsp; 978065 |
| IMAX Corp. (a) | 14180 | &nbsp;&nbsp;&nbsp; 538982 |
| Lionsgate Studios Corp. (a) | 68579 | &nbsp;&nbsp;&nbsp; 657673 |
| Madison Square Garden Entertainment Corp. (a) | 13230 | &nbsp;&nbsp;&nbsp; 779379 |
| Marcus Corp.  | 5019 | &nbsp;&nbsp;&nbsp; 86176 |
| Playtika Holding Corp.  | 19486 | &nbsp;&nbsp;&nbsp; 54171 |
| Reservoir Media, Inc. (a) (b) | 7562 | &nbsp;&nbsp;&nbsp; 74032 |
| Sphere Entertainment Co. (a) (b) | 8586 | &nbsp;&nbsp;&nbsp; 1007996 |
| Starz Entertainment Corp. (a) | 4015 | &nbsp;&nbsp;&nbsp; 46173 |
|  |  | &nbsp;&nbsp;&nbsp; 5077001 |
| **Financial Services — 1.9%** | **Financial Services — 1.9%** | **Financial Services — 1.9%** |
| Acacia Research Corp. (a) | 11287 | &nbsp;&nbsp;&nbsp; 54290 |
| Alerus Financial Corp.  | 7660 | &nbsp;&nbsp;&nbsp; 181619 |
| Banco Latinoamericano de Comercio Exterior SA | 9456 | &nbsp;&nbsp;&nbsp; 483012 |
| Better Home & Finance Holding Co. (a) (b) | 2022 | &nbsp;&nbsp;&nbsp; 72024 |
| Burford Capital Ltd.  | 64033 | &nbsp;&nbsp;&nbsp; 289429 |
| Cannae Holdings, Inc.  | 11471 | &nbsp;&nbsp;&nbsp; 130425 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Financial Services—(Continued)** | **Financial Services—(Continued)** | **Financial Services—(Continued)** |
| Cantaloupe, Inc. (a) | 13922 | &nbsp;&nbsp;&nbsp; $150497 |
| Cass Information Systems, Inc.  | 3496 | &nbsp;&nbsp;&nbsp; 153894 |
| Compass Diversified Holdings | 24104 | &nbsp;&nbsp;&nbsp; 189457 |
| Enact Holdings, Inc.  | 9297 | &nbsp;&nbsp;&nbsp; 379411 |
| Essent Group Ltd.  | 29361 | &nbsp;&nbsp;&nbsp; 1715857 |
| EVERTEC, Inc.  | 20174 | &nbsp;&nbsp;&nbsp; 569310 |
| Federal Agricultural Mortgage Corp. - Class C (b) | 3013 | &nbsp;&nbsp;&nbsp; 446979 |
| Flywire Corp. (a) | 39242 | &nbsp;&nbsp;&nbsp; 456777 |
| HA Sustainable Infrastructure Capital, Inc. (b) | 39705 | &nbsp;&nbsp;&nbsp; 1459159 |
| International Money Express, Inc. (a) | 8358 | &nbsp;&nbsp;&nbsp; 132056 |
| Jackson Financial, Inc. - Class A | 21362 | &nbsp;&nbsp;&nbsp; 2258391 |
| loanDepot, Inc. - Class A (a) | 31775 | &nbsp;&nbsp;&nbsp; 45121 |
| Marqeta, Inc. - Class A (a) | 107226 | &nbsp;&nbsp;&nbsp; 437482 |
| Merchants Bancorp (b) | 8241 | &nbsp;&nbsp;&nbsp; 353621 |
| NCR Atleos Corp. (a) | 23210 | &nbsp;&nbsp;&nbsp; 1011492 |
| NewtekOne, Inc.  | 8049 | &nbsp;&nbsp;&nbsp; 88137 |
| NMI Holdings, Inc. (a) | 24171 | &nbsp;&nbsp;&nbsp; 906654 |
| Onity Group, Inc. (a) | 2204 | &nbsp;&nbsp;&nbsp; 86551 |
| Pagseguro Digital Ltd. - Class A | 57012 | &nbsp;&nbsp;&nbsp; 571260 |
| Payoneer Global, Inc. (a) | 81454 | &nbsp;&nbsp;&nbsp; 393423 |
| Paysafe Ltd. (a) (b) | 11314 | &nbsp;&nbsp;&nbsp; 77048 |
| PennyMac Financial Services, Inc.  | 9156 | &nbsp;&nbsp;&nbsp; 800234 |
| Radian Group, Inc.  | 42650 | &nbsp;&nbsp;&nbsp; 1410862 |
| Remitly Global, Inc. (a) | 54310 | &nbsp;&nbsp;&nbsp; 851038 |
| Security National Financial Corp. - Class A (a) | 627 | &nbsp;&nbsp;&nbsp; 5944 |
| Sezzle, Inc. (a) (b) | 5346 | &nbsp;&nbsp;&nbsp; 338348 |
| StoneCo Ltd. - Class A (a) | 79377 | &nbsp;&nbsp;&nbsp; 1120803 |
| Velocity Financial, Inc. (a) | 5353 | &nbsp;&nbsp;&nbsp; 96836 |
| Walker & Dunlop, Inc.  | 10544 | &nbsp;&nbsp;&nbsp; 467943 |
| Waterstone Financial, Inc.  | 5072 | &nbsp;&nbsp;&nbsp; 91448 |
|  |  | &nbsp;&nbsp;&nbsp; 18276832 |
| **Food Products — 0.6%** | **Food Products — 0.6%** | **Food Products — 0.6%** |
| Alico, Inc.  | 2158 | &nbsp;&nbsp;&nbsp; 89039 |
| B&G Foods, Inc. (b) | 16828 | &nbsp;&nbsp;&nbsp; 80943 |
| Beyond Meat, Inc. (a) (b) | 63073 | &nbsp;&nbsp;&nbsp; 44252 |
| Calavo Growers, Inc.  | 5820 | &nbsp;&nbsp;&nbsp; 150098 |
| Cal-Maine Foods, Inc. (b) | 13765 | &nbsp;&nbsp;&nbsp; 1089500 |
| Dole PLC | 21508 | &nbsp;&nbsp;&nbsp; 307349 |
| Fresh Del Monte Produce, Inc.  | 10920 | &nbsp;&nbsp;&nbsp; 439639 |
| J&J Snack Foods Corp.  | 4980 | &nbsp;&nbsp;&nbsp; 394765 |
| John B Sanfilippo & Son, Inc.  | 2445 | &nbsp;&nbsp;&nbsp; 193962 |
| Limoneira Co.  | 5700 | &nbsp;&nbsp;&nbsp; 76494 |
| Mama's Creations, Inc. (a) | 11318 | &nbsp;&nbsp;&nbsp; 173618 |
| Marzetti Co.  | 6423 | &nbsp;&nbsp;&nbsp; 888494 |
| Mission Produce, Inc. (a) (b) | 13849 | &nbsp;&nbsp;&nbsp; 190562 |
| Seneca Foods Corp. - Class A (a) | 1414 | &nbsp;&nbsp;&nbsp; 213684 |
| Simply Good Foods Co. (a) | 27407 | &nbsp;&nbsp;&nbsp; 393290 |
| SunOpta, Inc. (a) | 34321 | &nbsp;&nbsp;&nbsp; 222400 |
| Tootsie Roll Industries, Inc. (b) | 6575 | &nbsp;&nbsp;&nbsp; 280862 |
| Utz Brands, Inc.  | 26510 | &nbsp;&nbsp;&nbsp; 209959 |
| Vital Farms, Inc. (a) | 11335 | &nbsp;&nbsp;&nbsp; 160050 |
| Westrock Coffee Co. (a) | 2752 | &nbsp;&nbsp;&nbsp; 11696 |
|  |  | &nbsp;&nbsp;&nbsp; 5610656 |

---

**BHFTII-215**

------

**Brighthouse Funds Trust II**

**MetLife Russell 2000 Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Gas Utilities — 1.1%** | **Gas Utilities — 1.1%** | **Gas Utilities — 1.1%** |
| Brookfield Infrastructure Corp. - Class A | 37625 | &nbsp;&nbsp;&nbsp; $1486940 |
| Chesapeake Utilities Corp.  | 7458 | &nbsp;&nbsp;&nbsp; 942467 |
| New Jersey Resources Corp.  | 31879 | &nbsp;&nbsp;&nbsp; 1750795 |
| Northwest Natural Holding Co.  | 13477 | &nbsp;&nbsp;&nbsp; 717246 |
| ONE Gas, Inc.  | 18898 | &nbsp;&nbsp;&nbsp; 1627685 |
| RGC Resources, Inc.  | 2683 | &nbsp;&nbsp;&nbsp; 59160 |
| Southwest Gas Holdings, Inc.  | 21683 | &nbsp;&nbsp;&nbsp; 1884253 |
| Spire, Inc.  | 18721 | &nbsp;&nbsp;&nbsp; 1694999 |
|  |  | &nbsp;&nbsp;&nbsp; 10163545 |
| **Ground Transportation — 0.3%** | **Ground Transportation — 0.3%** | **Ground Transportation — 0.3%** |
| ArcBest Corp.  | 7096 | &nbsp;&nbsp;&nbsp; 697963 |
| Covenant Logistics Group, Inc.  | 4064 | &nbsp;&nbsp;&nbsp; 110338 |
| FTAI Infrastructure, Inc. (b) | 35544 | &nbsp;&nbsp;&nbsp; 175587 |
| Heartland Express, Inc.  | 9641 | &nbsp;&nbsp;&nbsp; 100266 |
| Hertz Global Holdings, Inc. (a) (b) | 28520 | &nbsp;&nbsp;&nbsp; 131477 |
| Marten Transport Ltd.  | 15165 | &nbsp;&nbsp;&nbsp; 199116 |
| Proficient Auto Logistics, Inc. (a) | 1063 | &nbsp;&nbsp;&nbsp; 7207 |
| RXO, Inc. (a) | 51629 | &nbsp;&nbsp;&nbsp; 754816 |
| Werner Enterprises, Inc.  | 17826 | &nbsp;&nbsp;&nbsp; 524263 |
|  |  | &nbsp;&nbsp;&nbsp; 2701033 |
| **Health Care Equipment & Supplies — 2.3%** | **Health Care Equipment & Supplies — 2.3%** | **Health Care Equipment & Supplies — 2.3%** |
| Alphatec Holdings, Inc. (a) | 34744 | &nbsp;&nbsp;&nbsp; 378015 |
| AngioDynamics, Inc. (a) | 12461 | &nbsp;&nbsp;&nbsp; 141682 |
| Anteris Technologies Global Corp. (a) | 25848 | &nbsp;&nbsp;&nbsp; 143456 |
| Artivion, Inc. (a) | 13713 | &nbsp;&nbsp;&nbsp; 502170 |
| AtriCure, Inc. (a) | 15750 | &nbsp;&nbsp;&nbsp; 449347 |
| Avanos Medical, Inc. (a) | 14732 | &nbsp;&nbsp;&nbsp; 206395 |
| Axogen, Inc. (a) | 15599 | &nbsp;&nbsp;&nbsp; 516795 |
| Beta Bionics, Inc. (a) | 13594 | &nbsp;&nbsp;&nbsp; 136212 |
| Bioventus, Inc. - Class A (a) (b) | 17502 | &nbsp;&nbsp;&nbsp; 159793 |
| Butterfly Network, Inc. (a) | 63021 | &nbsp;&nbsp;&nbsp; 254605 |
| CapsoVision, Inc. (a) (b) | 9696 | &nbsp;&nbsp;&nbsp; 70684 |
| Ceribell, Inc. (a) | 9275 | &nbsp;&nbsp;&nbsp; 170011 |
| Cerus Corp. (a) | 35526 | &nbsp;&nbsp;&nbsp; 64657 |
| ClearPoint Neuro, Inc. (a) | 8988 | &nbsp;&nbsp;&nbsp; 81791 |
| CONMED Corp.  | 11116 | &nbsp;&nbsp;&nbsp; 393062 |
| Delcath Systems, Inc. (a) | 11270 | &nbsp;&nbsp;&nbsp; 104586 |
| Electromed, Inc. (a) | 2583 | &nbsp;&nbsp;&nbsp; 60468 |
| Embecta Corp.  | 19491 | &nbsp;&nbsp;&nbsp; 172300 |
| Enovis Corp. (a) | 18624 | &nbsp;&nbsp;&nbsp; 423696 |
| Glaukos Corp. (a) | 17615 | &nbsp;&nbsp;&nbsp; 1896431 |
| Haemonetics Corp. (a) | 14850 | &nbsp;&nbsp;&nbsp; 836946 |
| ICU Medical, Inc. (a) | 7857 | &nbsp;&nbsp;&nbsp; 1014732 |
| Inogen, Inc. (a) | 582 | &nbsp;&nbsp;&nbsp; 3597 |
| Integer Holdings Corp. (a) | 11212 | &nbsp;&nbsp;&nbsp; 986656 |
| Integra LifeSciences Holdings Corp. (a) (b) | 20797 | &nbsp;&nbsp;&nbsp; 195908 |
| iRadimed Corp.  | 2525 | &nbsp;&nbsp;&nbsp; 243057 |
| IRhythm Holdings, Inc. (a) | 10074 | &nbsp;&nbsp;&nbsp; 1188933 |
| Kestra Medical Technologies Ltd. (a) | 8716 | &nbsp;&nbsp;&nbsp; 173710 |
| KORU Medical Systems, Inc. (a) | 14230 | &nbsp;&nbsp;&nbsp; 61474 |
| Lantheus Holdings, Inc. (a) | 20635 | &nbsp;&nbsp;&nbsp; 1565165 |
| LeMaitre Vascular, Inc.  | 6751 | &nbsp;&nbsp;&nbsp; 737007 |
| LivaNova PLC (a) | 17720 | &nbsp;&nbsp;&nbsp; 1126283 |
| Merit Medical Systems, Inc. (a) | 18474 | &nbsp;&nbsp;&nbsp; 1273413 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Health Care Equipment & Supplies—(Continued)** | **Health Care Equipment & Supplies—(Continued)** | **Health Care Equipment & Supplies—(Continued)** |
| Neogen Corp. (a) | 69230 | &nbsp;&nbsp;&nbsp; $643147 |
| NeuroPace, Inc. (a) | 9229 | &nbsp;&nbsp;&nbsp; 121361 |
| Novocure Ltd. (a) | 33137 | &nbsp;&nbsp;&nbsp; 361193 |
| Omnicell, Inc. (a) | 15348 | &nbsp;&nbsp;&nbsp; 512316 |
| OraSure Technologies, Inc. (a) | 22856 | &nbsp;&nbsp;&nbsp; 68568 |
| Orthofix Medical, Inc. (a) | 12737 | &nbsp;&nbsp;&nbsp; 146093 |
| OrthoPediatrics Corp. (a) | 5617 | &nbsp;&nbsp;&nbsp; 89142 |
| PROCEPT BioRobotics Corp. (a) (b) | 17638 | &nbsp;&nbsp;&nbsp; 441126 |
| Pulse Biosciences, Inc. (a) (b) | 5792 | &nbsp;&nbsp;&nbsp; 125049 |
| QuidelOrtho Corp. (a) (b) | 22459 | &nbsp;&nbsp;&nbsp; 369001 |
| RxSight, Inc. (a) | 12974 | &nbsp;&nbsp;&nbsp; 79920 |
| SANUWAVE Health, Inc. (a) (b) | 2710 | &nbsp;&nbsp;&nbsp; 46856 |
| Shoulder Innovations, Inc. (a) | 3612 | &nbsp;&nbsp;&nbsp; 52482 |
| SI-BONE, Inc. (a) | 14641 | &nbsp;&nbsp;&nbsp; 184916 |
| Sight Sciences, Inc. (a) | 8715 | &nbsp;&nbsp;&nbsp; 32856 |
| STAAR Surgical Co. (a) | 10957 | &nbsp;&nbsp;&nbsp; 204896 |
| Strive, Inc. - Class A (a) (b) | 16926 | &nbsp;&nbsp;&nbsp; 169599 |
| Tactile Systems Technology, Inc. (a) | 7825 | &nbsp;&nbsp;&nbsp; 204467 |
| Tandem Diabetes Care, Inc. (a) | 23352 | &nbsp;&nbsp;&nbsp; 447658 |
| TransMedics Group, Inc. (a) | 10586 | &nbsp;&nbsp;&nbsp; 1052354 |
| UFP Technologies, Inc. (a) | 2477 | &nbsp;&nbsp;&nbsp; 479547 |
| Utah Medical Products, Inc.  | 1293 | &nbsp;&nbsp;&nbsp; 80153 |
| Varex Imaging Corp. (a) | 13504 | &nbsp;&nbsp;&nbsp; 143277 |
|  |  | &nbsp;&nbsp;&nbsp; 21789014 |
| **Health Care Providers & Services — 3.0%** | **Health Care Providers & Services — 3.0%** | **Health Care Providers & Services — 3.0%** |
| Accendra Health, Inc. (a) (b) | 25220 | &nbsp;&nbsp;&nbsp; 57502 |
| AdaptHealth Corp. (a) | 28891 | &nbsp;&nbsp;&nbsp; 343803 |
| Addus HomeCare Corp. (a) | 5686 | &nbsp;&nbsp;&nbsp; 532494 |
| agilon health, Inc. (a) | 4230 | &nbsp;&nbsp;&nbsp; 33459 |
| Alignment Healthcare, Inc. (a) | 61878 | &nbsp;&nbsp;&nbsp; 1090290 |
| AMN Healthcare Services, Inc. (a) | 12575 | &nbsp;&nbsp;&nbsp; 230625 |
| Ardent Health, Inc. (a) | 8193 | &nbsp;&nbsp;&nbsp; 70132 |
| Astrana Health, Inc. (a) (b) | 13336 | &nbsp;&nbsp;&nbsp; 326999 |
| Aveanna Healthcare Holdings, Inc. (a) | 16589 | &nbsp;&nbsp;&nbsp; 106833 |
| BrightSpring Health Services, Inc. (a) | 40781 | &nbsp;&nbsp;&nbsp; 1737678 |
| Brookdale Senior Living, Inc. (a) | 75663 | &nbsp;&nbsp;&nbsp; 1035070 |
| Castle Biosciences, Inc. (a) | 9449 | &nbsp;&nbsp;&nbsp; 231973 |
| Clover Health Investments Corp. (a) (b) | 131478 | &nbsp;&nbsp;&nbsp; 231401 |
| Community Health Systems, Inc. (a) | 27234 | &nbsp;&nbsp;&nbsp; 80068 |
| Concentra Group Holdings Parent, Inc.  | 37050 | &nbsp;&nbsp;&nbsp; 794722 |
| CorVel Corp. (a) | 9864 | &nbsp;&nbsp;&nbsp; 539068 |
| Cross Country Healthcare, Inc. (a) | 5253 | &nbsp;&nbsp;&nbsp; 49378 |
| Enhabit, Inc. (a) | 16694 | &nbsp;&nbsp;&nbsp; 235218 |
| Ensign Group, Inc.  | 17725 | &nbsp;&nbsp;&nbsp; 3571587 |
| Fulgent Genetics, Inc. (a) | 7417 | &nbsp;&nbsp;&nbsp; 117930 |
| GeneDx Holdings Corp. (a) | 6434 | &nbsp;&nbsp;&nbsp; 413191 |
| Guardant Health, Inc. (a) | 39456 | &nbsp;&nbsp;&nbsp; 3644551 |
| Guardian Pharmacy Services, Inc. - Class A (a) | 7026 | &nbsp;&nbsp;&nbsp; 264599 |
| HealthEquity, Inc. (a) | 26607 | &nbsp;&nbsp;&nbsp; 2223547 |
| Hims & Hers Health, Inc. (a) (b) | 64701 | &nbsp;&nbsp;&nbsp; 1343193 |
| Innovage Holding Corp. (a) | 6984 | &nbsp;&nbsp;&nbsp; 56012 |
| LifeStance Health Group, Inc. (a) | 47639 | &nbsp;&nbsp;&nbsp; 303460 |
| Lumexa Imaging Holdings, Inc. (a) | 8381 | &nbsp;&nbsp;&nbsp; 72077 |
| Nano-X Imaging Ltd. (a) (b) | 24017 | &nbsp;&nbsp;&nbsp; 54519 |
| National HealthCare Corp.  | 4154 | &nbsp;&nbsp;&nbsp; 663394 |

---

**BHFTII-216**

------

**Brighthouse Funds Trust II**

**MetLife Russell 2000 Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Health Care Providers & Services—(Continued)** | **Health Care Providers & Services—(Continued)** | **Health Care Providers & Services—(Continued)** |
| National Research Corp.  | 3977 | &nbsp;&nbsp;&nbsp; $67529 |
| NeoGenomics, Inc. (a) | 36310 | &nbsp;&nbsp;&nbsp; 269420 |
| Nutex Health, Inc. (a) (b) | 1674 | &nbsp;&nbsp;&nbsp; 159097 |
| Omada Health, Inc. (a) | 10831 | &nbsp;&nbsp;&nbsp; 136146 |
| Oncology Institute, Inc. (a) | 11109 | &nbsp;&nbsp;&nbsp; 34105 |
| OPKO Health, Inc. (a) (b) | 131969 | &nbsp;&nbsp;&nbsp; 150445 |
| Option Care Health, Inc. (a) | 51880 | &nbsp;&nbsp;&nbsp; 1396610 |
| PACS Group, Inc. (a) | 14772 | &nbsp;&nbsp;&nbsp; 474477 |
| Pediatrix Medical Group, Inc. (a) | 28999 | &nbsp;&nbsp;&nbsp; 620289 |
| Pennant Group, Inc. (a) | 11790 | &nbsp;&nbsp;&nbsp; 359359 |
| Privia Health Group, Inc. (a) | 36910 | &nbsp;&nbsp;&nbsp; 759239 |
| Progyny, Inc. (a) | 24353 | &nbsp;&nbsp;&nbsp; 413514 |
| RadNet, Inc. (a) | 21568 | &nbsp;&nbsp;&nbsp; 1205435 |
| Select Medical Holdings Corp.  | 35024 | &nbsp;&nbsp;&nbsp; 570541 |
| Sonida Senior Living, Inc. (a) (b) | 2068 | &nbsp;&nbsp;&nbsp; 66693 |
| Strata Critical Medical, Inc. (a) (b) | 12651 | &nbsp;&nbsp;&nbsp; 52881 |
| Surgery Partners, Inc. (a) (b) | 27716 | &nbsp;&nbsp;&nbsp; 330375 |
| Talkspace, Inc. (a) | 45959 | &nbsp;&nbsp;&nbsp; 237838 |
| U.S. Physical Therapy, Inc.  | 4789 | &nbsp;&nbsp;&nbsp; 358983 |
| Viemed Healthcare, Inc. (a) | 11408 | &nbsp;&nbsp;&nbsp; 105068 |
|  |  | &nbsp;&nbsp;&nbsp; 28222817 |
| **Health Care REITs — 1.0%** | **Health Care REITs — 1.0%** | **Health Care REITs — 1.0%** |
| American Healthcare REIT, Inc. (b) | 56456 | &nbsp;&nbsp;&nbsp; 2662465 |
| CareTrust REIT, Inc. (b) | 70956 | &nbsp;&nbsp;&nbsp; 2600537 |
| Chiron Real Estate, Inc.  | 4521 | &nbsp;&nbsp;&nbsp; 149555 |
| Community Healthcare Trust, Inc.  | 8914 | &nbsp;&nbsp;&nbsp; 141643 |
| Diversified Healthcare Trust | 69586 | &nbsp;&nbsp;&nbsp; 462051 |
| LTC Properties, Inc.  | 15062 | &nbsp;&nbsp;&nbsp; 559704 |
| National Health Investors, Inc.  | 14772 | &nbsp;&nbsp;&nbsp; 1194464 |
| Sabra Health Care REIT, Inc. (b) | 78702 | &nbsp;&nbsp;&nbsp; 1513440 |
| Sila Realty Trust, Inc.  | 18233 | &nbsp;&nbsp;&nbsp; 431757 |
| Universal Health Realty Income Trust | 4263 | &nbsp;&nbsp;&nbsp; 172524 |
|  |  | &nbsp;&nbsp;&nbsp; 9888140 |
| **Health Care Technology — 0.2%** | **Health Care Technology — 0.2%** | **Health Care Technology — 0.2%** |
| Claritev Corp. (a) (b) | 2919 | &nbsp;&nbsp;&nbsp; 47697 |
| Evolent Health, Inc. - Class A (a) | 21483 | &nbsp;&nbsp;&nbsp; 48981 |
| HealthStream, Inc.  | 8897 | &nbsp;&nbsp;&nbsp; 184257 |
| HeartFlow, Inc. (a) (b) | 6506 | &nbsp;&nbsp;&nbsp; 158291 |
| LifeMD, Inc. (a) | 13749 | &nbsp;&nbsp;&nbsp; 49634 |
| Phreesia, Inc. (a) | 20093 | &nbsp;&nbsp;&nbsp; 168379 |
| Schrodinger, Inc. (a) | 19989 | &nbsp;&nbsp;&nbsp; 227075 |
| Simulations Plus, Inc. (a) | 5451 | &nbsp;&nbsp;&nbsp; 64431 |
| Teladoc Health, Inc. (a) (b) | 49593 | &nbsp;&nbsp;&nbsp; 270282 |
| Waystar Holding Corp. (a) | 36357 | &nbsp;&nbsp;&nbsp; 876567 |
|  |  | &nbsp;&nbsp;&nbsp; 2095594 |
| **Hotel & Resort REITs — 0.5%** | **Hotel & Resort REITs — 0.5%** | **Hotel & Resort REITs — 0.5%** |
| Apple Hospitality REIT, Inc.  | 68970 | &nbsp;&nbsp;&nbsp; 793845 |
| Chatham Lodging Trust | 9538 | &nbsp;&nbsp;&nbsp; 75064 |
| DiamondRock Hospitality Co.  | 59880 | &nbsp;&nbsp;&nbsp; 561076 |
| Pebblebrook Hotel Trust (b) | 34960 | &nbsp;&nbsp;&nbsp; 441545 |
| RLJ Lodging Trust (b) | 37238 | &nbsp;&nbsp;&nbsp; 276306 |
| Ryman Hospitality Properties, Inc.  | 19440 | &nbsp;&nbsp;&nbsp; 1793729 |
| Service Properties Trust | 50749 | &nbsp;&nbsp;&nbsp; 68765 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Hotel & Resort REITs—(Continued)** | **Hotel & Resort REITs—(Continued)** | **Hotel & Resort REITs—(Continued)** |
| Summit Hotel Properties, Inc.  | 34184 | &nbsp;&nbsp;&nbsp; $151093 |
| Sunstone Hotel Investors, Inc.  | 57659 | &nbsp;&nbsp;&nbsp; 519507 |
| Xenia Hotels & Resorts, Inc.  | 29748 | &nbsp;&nbsp;&nbsp; 441163 |
|  |  | &nbsp;&nbsp;&nbsp; 5122093 |
| **Hotels, Restaurants & Leisure — 1.5%** | **Hotels, Restaurants & Leisure — 1.5%** | **Hotels, Restaurants & Leisure — 1.5%** |
| Accel Entertainment, Inc. (a) | 12716 | &nbsp;&nbsp;&nbsp; 138732 |
| Biglari Holdings, Inc. - Class B (a) | 274 | &nbsp;&nbsp;&nbsp; 90308 |
| BJ's Restaurants, Inc. (a) | 6493 | &nbsp;&nbsp;&nbsp; 227904 |
| Black Rock Coffee Bar, Inc. - Class A (a) (b) | 5583 | &nbsp;&nbsp;&nbsp; 72132 |
| Bloomin' Brands, Inc.  | 27306 | &nbsp;&nbsp;&nbsp; 147452 |
| Brightstar Lottery PLC (b) | 30573 | &nbsp;&nbsp;&nbsp; 389500 |
| Brinker International, Inc. (a) | 13713 | &nbsp;&nbsp;&nbsp; 1957805 |
| Cheesecake Factory, Inc. (b) | 14666 | &nbsp;&nbsp;&nbsp; 802964 |
| Cracker Barrel Old Country Store, Inc. (b) | 7974 | &nbsp;&nbsp;&nbsp; 224149 |
| Dave & Buster's Entertainment, Inc. (a) | 6403 | &nbsp;&nbsp;&nbsp; 69344 |
| Dine Brands Global, Inc.  | 5258 | &nbsp;&nbsp;&nbsp; 137970 |
| El Pollo Loco Holdings, Inc. (a) | 9465 | &nbsp;&nbsp;&nbsp; 131185 |
| First Watch Restaurant Group, Inc. (a) | 18192 | &nbsp;&nbsp;&nbsp; 190652 |
| Genius Sports Ltd. (a) | 64966 | &nbsp;&nbsp;&nbsp; 287799 |
| Global Business Travel Group I (a) (b) | 34909 | &nbsp;&nbsp;&nbsp; 194792 |
| Golden Entertainment, Inc. (b) | 7102 | &nbsp;&nbsp;&nbsp; 189552 |
| Hilton Grand Vacations, Inc. (a) | 19824 | &nbsp;&nbsp;&nbsp; 775515 |
| Inspired Entertainment, Inc. (a) | 1780 | &nbsp;&nbsp;&nbsp; 12691 |
| Jack in the Box, Inc. (a) | 2513 | &nbsp;&nbsp;&nbsp; 24301 |
| Krispy Kreme, Inc. (b) | 25691 | &nbsp;&nbsp;&nbsp; 87093 |
| Kura Sushi USA, Inc. - Class A (a) (b) | 2410 | &nbsp;&nbsp;&nbsp; 168194 |
| Life Time Group Holdings, Inc. (a) | 49253 | &nbsp;&nbsp;&nbsp; 1326876 |
| Lindblad Expeditions Holdings, Inc. (a) | 12510 | &nbsp;&nbsp;&nbsp; 216423 |
| Marriott Vacations Worldwide Corp.  | 8852 | &nbsp;&nbsp;&nbsp; 576442 |
| Monarch Casino & Resort, Inc.  | 4205 | &nbsp;&nbsp;&nbsp; 401998 |
| Nathan's Famous, Inc.  | 956 | &nbsp;&nbsp;&nbsp; 96298 |
| Navan, Inc. - Class A (a) (b) | 12566 | &nbsp;&nbsp;&nbsp; 166374 |
| Papa John's International, Inc. (b) | 10960 | &nbsp;&nbsp;&nbsp; 355214 |
| Portillo's, Inc. - Class A (a) | 14665 | &nbsp;&nbsp;&nbsp; 77578 |
| Pursuit Attractions & Hospitality, Inc. (a) | 7380 | &nbsp;&nbsp;&nbsp; 270329 |
| RCI Hospitality Holdings, Inc.  | 2918 | &nbsp;&nbsp;&nbsp; 66560 |
| Red Rock Resorts, Inc. - Class A (b) | 15210 | &nbsp;&nbsp;&nbsp; 811606 |
| Rush Street Interactive, Inc. (a) | 29671 | &nbsp;&nbsp;&nbsp; 645344 |
| Sabre Corp. (a) (b) | 118566 | &nbsp;&nbsp;&nbsp; 171921 |
| Serve Robotics, Inc. (a) (b) | 20867 | &nbsp;&nbsp;&nbsp; 176117 |
| Shake Shack, Inc. - Class A (a) | 12313 | &nbsp;&nbsp;&nbsp; 1089331 |
| Six Flags Entertainment Corp. (a) (b) | 30537 | &nbsp;&nbsp;&nbsp; 542032 |
| Super Group SGHC Ltd.  | 53228 | &nbsp;&nbsp;&nbsp; 574862 |
| Sweetgreen, Inc. - Class A (a) (b) | 33544 | &nbsp;&nbsp;&nbsp; 174093 |
| Target Hospitality Corp. (a) | 5704 | &nbsp;&nbsp;&nbsp; 52933 |
| United Parks & Resorts, Inc. (a) | 9762 | &nbsp;&nbsp;&nbsp; 318827 |
| Xponential Fitness, Inc. - Class A (a) (b) | 8434 | &nbsp;&nbsp;&nbsp; 50773 |
|  |  | &nbsp;&nbsp;&nbsp; 14481965 |
| **Household Durables — 1.5%** | **Household Durables — 1.5%** | **Household Durables — 1.5%** |
| Beazer Homes USA, Inc. (a) (b) | 8776 | &nbsp;&nbsp;&nbsp; 168850 |
| Cavco Industries, Inc. (a) | 2506 | &nbsp;&nbsp;&nbsp; 1213631 |
| Century Communities, Inc. (b) | 8536 | &nbsp;&nbsp;&nbsp; 489796 |
| Champion Homes, Inc. (a) | 17689 | &nbsp;&nbsp;&nbsp; 1315531 |
| Cricut, Inc. - Class A | 5467 | &nbsp;&nbsp;&nbsp; 20446 |

---

**BHFTII-217**

------

**Brighthouse Funds Trust II**

**MetLife Russell 2000 Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Household Durables—(Continued)** | **Household Durables—(Continued)** | **Household Durables—(Continued)** |
| Dream Finders Homes, Inc. - Class A (a) (b) | 10204 | &nbsp;&nbsp;&nbsp; $142040 |
| Ethan Allen Interiors, Inc. (b) | 7632 | &nbsp;&nbsp;&nbsp; 169888 |
| Flexsteel Industries, Inc.  | 1222 | &nbsp;&nbsp;&nbsp; 54917 |
| Green Brick Partners, Inc. (a) | 9800 | &nbsp;&nbsp;&nbsp; 631610 |
| Helen of Troy Ltd. (a) | 5176 | &nbsp;&nbsp;&nbsp; 74638 |
| Hovnanian Enterprises, Inc. - Class A (a) | 1795 | &nbsp;&nbsp;&nbsp; 199083 |
| Installed Building Products, Inc. (b) | 7329 | &nbsp;&nbsp;&nbsp; 1943284 |
| KB Home (b) | 19518 | &nbsp;&nbsp;&nbsp; 1010056 |
| La-Z-Boy, Inc.  | 13803 | &nbsp;&nbsp;&nbsp; 443628 |
| Legacy Housing Corp. (a) | 4120 | &nbsp;&nbsp;&nbsp; 84172 |
| Leggett & Platt, Inc.  | 42528 | &nbsp;&nbsp;&nbsp; 420177 |
| LGI Homes, Inc. (a) | 6300 | &nbsp;&nbsp;&nbsp; 249039 |
| M/I Homes, Inc. (a) | 8125 | &nbsp;&nbsp;&nbsp; 994906 |
| Meritage Homes Corp. (c) | 21344 | &nbsp;&nbsp;&nbsp; 1319913 |
| Sonos, Inc. (a) | 41074 | &nbsp;&nbsp;&nbsp; 550392 |
| Taylor Morrison Home Corp. (a) | 30358 | &nbsp;&nbsp;&nbsp; 1768050 |
| Tri Pointe Homes, Inc. (a) | 26831 | &nbsp;&nbsp;&nbsp; 1253813 |
|  |  | &nbsp;&nbsp;&nbsp; 14517860 |
| **Household Products — 0.3%** | **Household Products — 0.3%** | **Household Products — 0.3%** |
| Central Garden & Pet Co. (Voting Shares) (a) | 3370 | &nbsp;&nbsp;&nbsp; 123915 |
| Central Garden & Pet Co. (Non-Voting Shares) - Class A (a) | 15771 | &nbsp;&nbsp;&nbsp; 511296 |
| Energizer Holdings, Inc.  | 20542 | &nbsp;&nbsp;&nbsp; 337300 |
| Oil-Dri Corp. of America | 3318 | &nbsp;&nbsp;&nbsp; 215969 |
| Spectrum Brands Holdings, Inc.  | 7519 | &nbsp;&nbsp;&nbsp; 554150 |
| WD-40 Co.  | 4229 | &nbsp;&nbsp;&nbsp; 862462 |
|  |  | &nbsp;&nbsp;&nbsp; 2605092 |
| **Independent Power and Renewable Electricity Producers — 0.2%** | **Independent Power and Renewable Electricity Producers — 0.2%** | **Independent Power and Renewable Electricity Producers — 0.2%** |
| Hallador Energy Co. (a) | 11235 | &nbsp;&nbsp;&nbsp; 182906 |
| Ormat Technologies, Inc.  | 19266 | &nbsp;&nbsp;&nbsp; 2156251 |
|  |  | &nbsp;&nbsp;&nbsp; 2339157 |
| **Industrial Conglomerates — 0.0%** | **Industrial Conglomerates — 0.0%** | **Industrial Conglomerates — 0.0%** |
| Brookfield Business Corp. - Class A (b) | 7798 | &nbsp;&nbsp;&nbsp; 246729 |
| **Industrial REITs — 0.4%** | **Industrial REITs — 0.4%** | **Industrial REITs — 0.4%** |
| Industrial Logistics Properties Trust | 10238 | &nbsp;&nbsp;&nbsp; 58152 |
| Innovative Industrial Properties, Inc.  | 9201 | &nbsp;&nbsp;&nbsp; 461522 |
| LXP Industrial Trust | 18881 | &nbsp;&nbsp;&nbsp; 873435 |
| One Liberty Properties, Inc.  | 6069 | &nbsp;&nbsp;&nbsp; 130241 |
| Terreno Realty Corp.  | 32295 | &nbsp;&nbsp;&nbsp; 1983559 |
|  |  | &nbsp;&nbsp;&nbsp; 3506909 |
| **Insurance — 1.8%** | **Insurance — 1.8%** | **Insurance — 1.8%** |
| Abacus Global Management, Inc. (b) | 14245 | &nbsp;&nbsp;&nbsp; 112251 |
| American Coastal Insurance Corp. - Class C | 4051 | &nbsp;&nbsp;&nbsp; 45574 |
| American Integrity Insurance Group, Inc.  | 3088 | &nbsp;&nbsp;&nbsp; 59537 |
| AMERISAFE, Inc.  | 6840 | &nbsp;&nbsp;&nbsp; 227977 |
| Ategrity Specialty Holdings LLC (a) | 3135 | &nbsp;&nbsp;&nbsp; 61979 |
| Baldwin Insurance Group, Inc. (a) (b) | 30295 | &nbsp;&nbsp;&nbsp; 664672 |
| Bowhead Specialty Holdings, Inc. (a) | 5692 | &nbsp;&nbsp;&nbsp; 127672 |
| Citizens, Inc. (a) (b) | 14837 | &nbsp;&nbsp;&nbsp; 74630 |
| CNO Financial Group, Inc.  | 29802 | &nbsp;&nbsp;&nbsp; 1223670 |
| Crawford & Co. - Class A | 577 | &nbsp;&nbsp;&nbsp; 5753 |
| Donegal Group, Inc. - Class A | 5184 | &nbsp;&nbsp;&nbsp; 89061 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Insurance—(Continued)** | **Insurance—(Continued)** | **Insurance—(Continued)** |
| Employers Holdings, Inc.  | 7312 | &nbsp;&nbsp;&nbsp; $300816 |
| F&G Annuities & Life, Inc.  | 12962 | &nbsp;&nbsp;&nbsp; 328198 |
| Fidelis Insurance Holdings Ltd.  | 18454 | &nbsp;&nbsp;&nbsp; 352656 |
| Genworth Financial, Inc. (a) | 123398 | &nbsp;&nbsp;&nbsp; 1001992 |
| Goosehead Insurance, Inc. - Class A (a) (b) | 7950 | &nbsp;&nbsp;&nbsp; 339147 |
| Greenlight Capital Re Ltd. - Class A (a) | 8664 | &nbsp;&nbsp;&nbsp; 149800 |
| Hamilton Insurance Group Ltd. - Class B | 14779 | &nbsp;&nbsp;&nbsp; 440858 |
| HCI Group, Inc.  | 3512 | &nbsp;&nbsp;&nbsp; 542990 |
| Heritage Insurance Holdings, Inc. (a) | 7545 | &nbsp;&nbsp;&nbsp; 198056 |
| Hippo Holdings, Inc. (a) | 6463 | &nbsp;&nbsp;&nbsp; 168426 |
| Horace Mann Educators Corp.  | 13684 | &nbsp;&nbsp;&nbsp; 584033 |
| Investors Title Co.  | 451 | &nbsp;&nbsp;&nbsp; 98020 |
| James River Group Holdings, Inc.  | 12041 | &nbsp;&nbsp;&nbsp; 75858 |
| Kingstone Cos., Inc.  | 3807 | &nbsp;&nbsp;&nbsp; 55468 |
| Kingsway Financial Services, Inc. (a) | 2770 | &nbsp;&nbsp;&nbsp; 28891 |
| Lemonade, Inc. (a) | 19671 | &nbsp;&nbsp;&nbsp; 1232978 |
| MBIA, Inc. (a) | 14879 | &nbsp;&nbsp;&nbsp; 87935 |
| Mercury General Corp.  | 8511 | &nbsp;&nbsp;&nbsp; 750245 |
| Octave Specialty Group, Inc. (a) | 4296 | &nbsp;&nbsp;&nbsp; 19976 |
| Oscar Health, Inc. - Class A (a) | 64524 | &nbsp;&nbsp;&nbsp; 740090 |
| Palomar Holdings, Inc. (a) | 8271 | &nbsp;&nbsp;&nbsp; 988384 |
| ProAssurance Corp. (a) | 16342 | &nbsp;&nbsp;&nbsp; 403974 |
| Root, Inc. - Class A (a) | 3876 | &nbsp;&nbsp;&nbsp; 171203 |
| Safety Insurance Group, Inc.  | 4673 | &nbsp;&nbsp;&nbsp; 339447 |
| Selective Insurance Group, Inc.  | 19002 | &nbsp;&nbsp;&nbsp; 1432561 |
| SiriusPoint Ltd. (a) | 34000 | &nbsp;&nbsp;&nbsp; 732360 |
| Skyward Specialty Insurance Group, Inc. (a) | 12457 | &nbsp;&nbsp;&nbsp; 544122 |
| Slide Insurance Holdings, Inc. (a) (b) | 22562 | &nbsp;&nbsp;&nbsp; 406116 |
| Stewart Information Services Corp.  | 9524 | &nbsp;&nbsp;&nbsp; 586488 |
| Tiptree, Inc.  | 7591 | &nbsp;&nbsp;&nbsp; 128440 |
| Trupanion, Inc. (a) | 12099 | &nbsp;&nbsp;&nbsp; 309855 |
| United Fire Group, Inc.  | 7040 | &nbsp;&nbsp;&nbsp; 260902 |
| Universal Insurance Holdings, Inc.  | 9237 | &nbsp;&nbsp;&nbsp; 315536 |
|  |  | &nbsp;&nbsp;&nbsp; 16808597 |
| **Interactive Media & Services — 0.4%** | **Interactive Media & Services — 0.4%** | **Interactive Media & Services — 0.4%** |
| Angi, Inc. (a) | 6060 | &nbsp;&nbsp;&nbsp; 41511 |
| Bumble, Inc. - Class A (a) | 13198 | &nbsp;&nbsp;&nbsp; 43025 |
| Cargurus, Inc. (a) | 24980 | &nbsp;&nbsp;&nbsp; 850569 |
| Cars.com, Inc. (a) | 12010 | &nbsp;&nbsp;&nbsp; 97521 |
| EverQuote, Inc. - Class A (a) | 9942 | &nbsp;&nbsp;&nbsp; 153306 |
| fuboTV, Inc. - Class A (a) (b) | 9788 | &nbsp;&nbsp;&nbsp; 92594 |
| Grindr, Inc. (a) | 12273 | &nbsp;&nbsp;&nbsp; 148381 |
| MediaAlpha, Inc. - Class A (a) | 13769 | &nbsp;&nbsp;&nbsp; 128052 |
| Nextdoor Holdings, Inc. (a) | 73481 | &nbsp;&nbsp;&nbsp; 102873 |
| QuinStreet, Inc. (a) | 14400 | &nbsp;&nbsp;&nbsp; 172944 |
| Rumble, Inc. (a) (b) | 26904 | &nbsp;&nbsp;&nbsp; 137210 |
| Shutterstock, Inc.  | 9001 | &nbsp;&nbsp;&nbsp; 149507 |
| TripAdvisor, Inc. (a) | 33700 | &nbsp;&nbsp;&nbsp; 359242 |
| Webtoon Entertainment, Inc. (a) (b) | 6543 | &nbsp;&nbsp;&nbsp; 60130 |
| Yelp, Inc. (a) | 18716 | &nbsp;&nbsp;&nbsp; 463034 |
| Ziff Davis, Inc. (a) | 12409 | &nbsp;&nbsp;&nbsp; 520682 |
|  |  | &nbsp;&nbsp;&nbsp; 3520581 |
| **IT Services — 0.7%** | **IT Services — 0.7%** | **IT Services — 0.7%** |
| Applied Digital Corp. (a) (b) | 75142 | &nbsp;&nbsp;&nbsp; 1783871 |

---

**BHFTII-218**

------

**Brighthouse Funds Trust II**

**MetLife Russell 2000 Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **IT Services—(Continued)** | **IT Services—(Continued)** | **IT Services—(Continued)** |
| ASGN, Inc. (a) (c) | 13058 | &nbsp;&nbsp;&nbsp; $505475 |
| Backblaze, Inc. - Class A (a) | 6487 | &nbsp;&nbsp;&nbsp; 22380 |
| BigBear.ai Holdings, Inc. (a) (b) | 129669 | &nbsp;&nbsp;&nbsp; 456435 |
| Commerce.com, Inc. - Series 1 (a) | 21995 | &nbsp;&nbsp;&nbsp; 58727 |
| DigitalOcean Holdings, Inc. (a) (b) | 24079 | &nbsp;&nbsp;&nbsp; 2065497 |
| Fastly, Inc. - Class A (a) | 45508 | &nbsp;&nbsp;&nbsp; 1322462 |
| Grid Dynamics Holdings, Inc. (a) | 14256 | &nbsp;&nbsp;&nbsp; 81259 |
| Hackett Group, Inc.  | 5061 | &nbsp;&nbsp;&nbsp; 65844 |
| Rackspace Technology, Inc. (a) (b) | 28426 | &nbsp;&nbsp;&nbsp; 27852 |
| TSS, Inc. (a) | 6787 | &nbsp;&nbsp;&nbsp; 88299 |
| Unisys Corp. (a) | 22154 | &nbsp;&nbsp;&nbsp; 45859 |
| VTEX - Class A (a) | 18316 | &nbsp;&nbsp;&nbsp; 73264 |
| Whitefiber, Inc. (a) | 3963 | &nbsp;&nbsp;&nbsp; 47199 |
|  |  | &nbsp;&nbsp;&nbsp; 6644423 |
| **Leisure Products — 0.4%** | **Leisure Products — 0.4%** | **Leisure Products — 0.4%** |
| Acushnet Holdings Corp.  | 8918 | &nbsp;&nbsp;&nbsp; 833655 |
| Callaway Golf Co. (a) | 41964 | &nbsp;&nbsp;&nbsp; 582460 |
| Escalade, Inc.  | 3493 | &nbsp;&nbsp;&nbsp; 59975 |
| JAKKS Pacific, Inc.  | 2462 | &nbsp;&nbsp;&nbsp; 49043 |
| Johnson Outdoors, Inc. - Class A | 1983 | &nbsp;&nbsp;&nbsp; 92229 |
| Latham Group, Inc. (a) | 13676 | &nbsp;&nbsp;&nbsp; 73440 |
| Malibu Boats, Inc. - Class A (a) | 6654 | &nbsp;&nbsp;&nbsp; 172472 |
| MasterCraft Boat Holdings, Inc. (a) | 5358 | &nbsp;&nbsp;&nbsp; 109893 |
| Peloton Interactive, Inc. - Class A (a) | 117846 | &nbsp;&nbsp;&nbsp; 505559 |
| Polaris, Inc. (b) | 16759 | &nbsp;&nbsp;&nbsp; 913365 |
| Smith & Wesson Brands, Inc.  | 14342 | &nbsp;&nbsp;&nbsp; 205521 |
| Sturm Ruger & Co., Inc.  | 4519 | &nbsp;&nbsp;&nbsp; 181167 |
|  |  | &nbsp;&nbsp;&nbsp; 3778779 |
| **Life Sciences Tools & Services — 0.3%** | **Life Sciences Tools & Services — 0.3%** | **Life Sciences Tools & Services — 0.3%** |
| 10X Genomics, Inc. - Class A (a) | 38134 | &nbsp;&nbsp;&nbsp; 809585 |
| Adaptive Biotechnologies Corp. (a) | 49472 | &nbsp;&nbsp;&nbsp; 686672 |
| Azenta, Inc. (a) (b) | 13077 | &nbsp;&nbsp;&nbsp; 276317 |
| BioLife Solutions, Inc. (a) | 13116 | &nbsp;&nbsp;&nbsp; 250253 |
| CryoPort, Inc. (a) | 15715 | &nbsp;&nbsp;&nbsp; 130120 |
| Cytek Biosciences, Inc. (a) | 38207 | &nbsp;&nbsp;&nbsp; 166965 |
| Fortrea Holdings, Inc. (a) | 30646 | &nbsp;&nbsp;&nbsp; 288685 |
| Ginkgo Bioworks Holdings, Inc. (a) (b) | 14192 | &nbsp;&nbsp;&nbsp; 86997 |
| Maravai LifeSciences Holdings, Inc. - Class A (a) | 36087 | &nbsp;&nbsp;&nbsp; 102126 |
| Mesa Laboratories, Inc.  | 1730 | &nbsp;&nbsp;&nbsp; 152967 |
| OmniAb, Inc. (a) | 37781 | &nbsp;&nbsp;&nbsp; 59316 |
| OmniAb, Inc. (a) (b) (d) (e) | 4218 | &nbsp;&nbsp;&nbsp; 0 |
| Pacific Biosciences of California, Inc. (a) (b) | 89026 | &nbsp;&nbsp;&nbsp; 117514 |
| Personalis, Inc. (a) (b) | 16186 | &nbsp;&nbsp;&nbsp; 103105 |
| Quanterix Corp. (a) | 13742 | &nbsp;&nbsp;&nbsp; 48372 |
| Quantum-Si, Inc. (a) (b) | 58941 | &nbsp;&nbsp;&nbsp; 45620 |
| Standard BioTools, Inc. (a) (b) | 23986 | &nbsp;&nbsp;&nbsp; 22050 |
|  |  | &nbsp;&nbsp;&nbsp; 3346664 |
| **Machinery — 3.8%** | **Machinery — 3.8%** | **Machinery — 3.8%** |
| 3D Systems Corp. (a) (b) | 45954 | &nbsp;&nbsp;&nbsp; 86394 |
| Aebi Schmidt Holding AG | 13460 | &nbsp;&nbsp;&nbsp; 130697 |
| Alamo Group, Inc.  | 3383 | &nbsp;&nbsp;&nbsp; 558094 |
| Albany International Corp. - Class A | 9394 | &nbsp;&nbsp;&nbsp; 490461 |
| Alliance Laundry Holdings, Inc. (a) (b) | 14475 | &nbsp;&nbsp;&nbsp; 300211 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Machinery—(Continued)** | **Machinery—(Continued)** | **Machinery—(Continued)** |
| Astec Industries, Inc.  | 7261 | &nbsp;&nbsp;&nbsp; $390932 |
| Atmus Filtration Technologies, Inc.  | 26048 | &nbsp;&nbsp;&nbsp; 1478745 |
| Blue Bird Corp. (a) | 9884 | &nbsp;&nbsp;&nbsp; 561312 |
| CECO Environmental Corp. (a) | 9235 | &nbsp;&nbsp;&nbsp; 550221 |
| Chart Industries, Inc. (a) | 14276 | &nbsp;&nbsp;&nbsp; 2951563 |
| Columbus McKinnon Corp.  | 6396 | &nbsp;&nbsp;&nbsp; 92934 |
| Douglas Dynamics, Inc.  | 7665 | &nbsp;&nbsp;&nbsp; 322620 |
| Energy Recovery, Inc. (a) | 16575 | &nbsp;&nbsp;&nbsp; 166910 |
| Enerpac Tool Group Corp. (b) | 16817 | &nbsp;&nbsp;&nbsp; 613316 |
| Enpro, Inc. (b) | 6675 | &nbsp;&nbsp;&nbsp; 1673089 |
| ESCO Technologies, Inc.  | 8207 | &nbsp;&nbsp;&nbsp; 2309204 |
| Federal Signal Corp.  | 18966 | &nbsp;&nbsp;&nbsp; 2050983 |
| Franklin Electric Co., Inc.  | 12611 | &nbsp;&nbsp;&nbsp; 1162356 |
| Gorman-Rupp Co.  | 6542 | &nbsp;&nbsp;&nbsp; 406454 |
| Graham Corp. (a) (b) | 3388 | &nbsp;&nbsp;&nbsp; 267381 |
| Greenbrier Cos., Inc.  | 9962 | &nbsp;&nbsp;&nbsp; 524499 |
| Helios Technologies, Inc.  | 10998 | &nbsp;&nbsp;&nbsp; 711681 |
| Hillman Solutions Corp. (a) | 65332 | &nbsp;&nbsp;&nbsp; 543562 |
| Hyster-Yale, Inc.  | 3736 | &nbsp;&nbsp;&nbsp; 121457 |
| JBT Marel Corp.  | 16492 | &nbsp;&nbsp;&nbsp; 2108832 |
| Kadant, Inc.  | 3724 | &nbsp;&nbsp;&nbsp; 1088711 |
| Kennametal, Inc.  | 24350 | &nbsp;&nbsp;&nbsp; 879765 |
| L.B. Foster Co. - Class A (a) | 3370 | &nbsp;&nbsp;&nbsp; 94023 |
| Lindsay Corp.  | 3503 | &nbsp;&nbsp;&nbsp; 417102 |
| Luxfer Holdings PLC | 8672 | &nbsp;&nbsp;&nbsp; 105625 |
| Manitowoc Co., Inc. (a) (b) | 7491 | &nbsp;&nbsp;&nbsp; 87270 |
| Mayville Engineering Co., Inc. (a) | 5214 | &nbsp;&nbsp;&nbsp; 93591 |
| Microvast Holdings, Inc. (a) (b) | 59157 | &nbsp;&nbsp;&nbsp; 88736 |
| Miller Industries, Inc.  | 4021 | &nbsp;&nbsp;&nbsp; 183157 |
| Mueller Water Products, Inc. - Class A | 49340 | &nbsp;&nbsp;&nbsp; 1356357 |
| Palladyne AI Corp. (a) (b) | 10333 | &nbsp;&nbsp;&nbsp; 62721 |
| Park-Ohio Holdings Corp.  | 2839 | &nbsp;&nbsp;&nbsp; 68250 |
| Proto Labs, Inc. (a) | 8021 | &nbsp;&nbsp;&nbsp; 457357 |
| Richtech Robotics, Inc. - Class B (a) (b) | 31685 | &nbsp;&nbsp;&nbsp; 66222 |
| SPX Technologies, Inc. (a) | 15219 | &nbsp;&nbsp;&nbsp; 3042887 |
| Standex International Corp. (b) | 3787 | &nbsp;&nbsp;&nbsp; 965155 |
| Tennant Co.  | 6159 | &nbsp;&nbsp;&nbsp; 408958 |
| Terex Corp.  | 35383 | &nbsp;&nbsp;&nbsp; 2091135 |
| Titan International, Inc. (a) | 15681 | &nbsp;&nbsp;&nbsp; 108356 |
| Trinity Industries, Inc.  | 25891 | &nbsp;&nbsp;&nbsp; 833172 |
| Wabash National Corp.  | 12759 | &nbsp;&nbsp;&nbsp; 109983 |
| Watts Water Technologies, Inc. - Class A | 8670 | &nbsp;&nbsp;&nbsp; 2516814 |
| Worthington Enterprises, Inc.  | 10474 | &nbsp;&nbsp;&nbsp; 546114 |
|  |  | &nbsp;&nbsp;&nbsp; 36245369 |
| **Marine Transportation — 0.2%** | **Marine Transportation — 0.2%** | **Marine Transportation — 0.2%** |
| Costamare, Inc.  | 13997 | &nbsp;&nbsp;&nbsp; 236549 |
| Genco Shipping & Trading Ltd.  | 10084 | &nbsp;&nbsp;&nbsp; 227394 |
| Himalaya Shipping Ltd. (a) | 10455 | &nbsp;&nbsp;&nbsp; 139052 |
| Matson, Inc.  | 9740 | &nbsp;&nbsp;&nbsp; 1596776 |
| Pangaea Logistics Solutions Ltd.  | 9765 | &nbsp;&nbsp;&nbsp; 69136 |
| Safe Bulkers, Inc.  | 16607 | &nbsp;&nbsp;&nbsp; 105122 |
|  |  | &nbsp;&nbsp;&nbsp; 2374029 |
| **Media — 0.9%** | **Media — 0.9%** | **Media — 0.9%** |
| AMC Networks, Inc. - Class A (a) | 3632 | &nbsp;&nbsp;&nbsp; 24661 |

---

**BHFTII-219**

------

**Brighthouse Funds Trust II**

**MetLife Russell 2000 Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Media—(Continued)** | **Media—(Continued)** | **Media—(Continued)** |
| Boston Omaha Corp. - Class A (a) (b) | 7648 | &nbsp;&nbsp;&nbsp; $89329 |
| Cable One, Inc. (a) | 1743 | &nbsp;&nbsp;&nbsp; 158979 |
| EchoStar Corp. - Class A (a) (b) | 42783 | &nbsp;&nbsp;&nbsp; 5008606 |
| Entravision Communications Corp. - Class A | 21162 | &nbsp;&nbsp;&nbsp; 62851 |
| EW Scripps Co. - Class A (a) (b) | 7918 | &nbsp;&nbsp;&nbsp; 29455 |
| Gray Media, Inc.  | 28784 | &nbsp;&nbsp;&nbsp; 124922 |
| Ibotta, Inc. - Class A (a) (b) | 3683 | &nbsp;&nbsp;&nbsp; 110379 |
| iHeartMedia, Inc. - Class A (a) | 40129 | &nbsp;&nbsp;&nbsp; 117177 |
| John Wiley & Sons, Inc. - Class A | 13282 | &nbsp;&nbsp;&nbsp; 506044 |
| Magnite, Inc. (a) | 45291 | &nbsp;&nbsp;&nbsp; 538057 |
| National CineMedia, Inc. (b) | 22314 | &nbsp;&nbsp;&nbsp; 68058 |
| Newsmax, Inc. (a) (b) | 16068 | &nbsp;&nbsp;&nbsp; 83875 |
| Nexxen International Ltd. (a) (b) | 12059 | &nbsp;&nbsp;&nbsp; 78625 |
| Optimum Communications, Inc. - Class A (a) (b) | 85829 | &nbsp;&nbsp;&nbsp; 111578 |
| PubMatic, Inc. - Class A (a) (b) | 14669 | &nbsp;&nbsp;&nbsp; 119992 |
| Scholastic Corp. (b) | 6651 | &nbsp;&nbsp;&nbsp; 259788 |
| Sinclair, Inc. (b) | 9321 | &nbsp;&nbsp;&nbsp; 120614 |
| Stagwell, Inc. (a) (b) | 35116 | &nbsp;&nbsp;&nbsp; 220880 |
| USA TODAY Co., Inc. (a) | 45203 | &nbsp;&nbsp;&nbsp; 318681 |
|  |  | &nbsp;&nbsp;&nbsp; 8152551 |
| **Metals & Mining — 2.7%** | **Metals & Mining — 2.7%** | **Metals & Mining — 2.7%** |
| Alpha Metallurgical Resources, Inc. (a) | 3648 | &nbsp;&nbsp;&nbsp; 748825 |
| American Battery Technology Co. (a) (b) | 38284 | &nbsp;&nbsp;&nbsp; 106812 |
| Caledonia Mining Corp. PLC | 5467 | &nbsp;&nbsp;&nbsp; 123499 |
| Century Aluminum Co. (a) | 18007 | &nbsp;&nbsp;&nbsp; 1056831 |
| Coeur Mining, Inc. (a) (b) | 322240 | &nbsp;&nbsp;&nbsp; 6048445 |
| Commercial Metals Co.  | 35183 | &nbsp;&nbsp;&nbsp; 2161292 |
| Compass Minerals International, Inc. (a) (b) | 11696 | &nbsp;&nbsp;&nbsp; 273102 |
| Constellium SE (a) | 44734 | &nbsp;&nbsp;&nbsp; 1099562 |
| Contango Silver & Gold, Inc. (a) (b) | 6515 | &nbsp;&nbsp;&nbsp; 122156 |
| Critical Metals Corp. (a) (b) | 18949 | &nbsp;&nbsp;&nbsp; 150455 |
| Dakota Gold Corp. (a) | 29232 | &nbsp;&nbsp;&nbsp; 147622 |
| Ferroglobe PLC | 38717 | &nbsp;&nbsp;&nbsp; 159514 |
| Hecla Mining Co. (b) | 200685 | &nbsp;&nbsp;&nbsp; 3738762 |
| Idaho Strategic Resources, Inc. (a) | 4989 | &nbsp;&nbsp;&nbsp; 160247 |
| Ivanhoe Electric, Inc. (a) | 34977 | &nbsp;&nbsp;&nbsp; 413428 |
| Kaiser Aluminum Corp.  | 5295 | &nbsp;&nbsp;&nbsp; 638100 |
| Materion Corp.  | 6618 | &nbsp;&nbsp;&nbsp; 957294 |
| Metallus, Inc. (a) | 11152 | &nbsp;&nbsp;&nbsp; 182224 |
| NioCorp Developments Ltd. (a) (b) | 35870 | &nbsp;&nbsp;&nbsp; 159980 |
| Novagold Resources, Inc. (a) | 89125 | &nbsp;&nbsp;&nbsp; 800342 |
| Perpetua Resources Corp. (a) (b) | 27797 | &nbsp;&nbsp;&nbsp; 781652 |
| Ramaco Resources, Inc. - Class A (a) (b) | 13642 | &nbsp;&nbsp;&nbsp; 210905 |
| Ryerson Holding Corp.  | 14675 | &nbsp;&nbsp;&nbsp; 329894 |
| SSR Mining, Inc. (a) | 64402 | &nbsp;&nbsp;&nbsp; 1893419 |
| SunCoke Energy, Inc.  | 20367 | &nbsp;&nbsp;&nbsp; 132589 |
| Tredegar Corp. (a) | 3413 | &nbsp;&nbsp;&nbsp; 27133 |
| U.S. Antimony Corp. (a) (b) | 34591 | &nbsp;&nbsp;&nbsp; 301979 |
| U.S. Gold Corp. (a) | 4725 | &nbsp;&nbsp;&nbsp; 71773 |
| USA Rare Earth, Inc. (a) (b) | 58368 | &nbsp;&nbsp;&nbsp; 883400 |
| Vox Royalty Corp.  | 20497 | &nbsp;&nbsp;&nbsp; 107404 |
| Warrior Met Coal, Inc.  | 16417 | &nbsp;&nbsp;&nbsp; 1529244 |
| Worthington Steel, Inc.  | 11781 | &nbsp;&nbsp;&nbsp; 357553 |
|  |  | &nbsp;&nbsp;&nbsp; 25875437 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Mortgage Real Estate Investment Trusts — 0.8%** | **Mortgage Real Estate Investment Trusts — 0.8%** | **Mortgage Real Estate Investment Trusts — 0.8%** |
| Adamas Trust, Inc.  | 27158 | &nbsp;&nbsp;&nbsp; $199883 |
| Apollo Commercial Real Estate Finance, Inc.  | 39691 | &nbsp;&nbsp;&nbsp; 419137 |
| Arbor Realty Trust, Inc. (b) | 57404 | &nbsp;&nbsp;&nbsp; 442585 |
| ARES Commercial Real Estate Corp. (b) | 17232 | &nbsp;&nbsp;&nbsp; 82714 |
| ARMOUR Residential REIT, Inc. (b) | 35754 | &nbsp;&nbsp;&nbsp; 596377 |
| Blackstone Mortgage Trust, Inc. - Class A (b) | 51520 | &nbsp;&nbsp;&nbsp; 986608 |
| BrightSpire Capital, Inc.  | 41148 | &nbsp;&nbsp;&nbsp; 230429 |
| Chicago Atlantic Real Estate Finance, Inc.  | 5740 | &nbsp;&nbsp;&nbsp; 64977 |
| Chimera Investment Corp.  | 25288 | &nbsp;&nbsp;&nbsp; 317364 |
| Claros Mortgage Trust, Inc. (a) (b) | 10969 | &nbsp;&nbsp;&nbsp; 26106 |
| Dynex Capital, Inc. (b) | 63189 | &nbsp;&nbsp;&nbsp; 806292 |
| Ellington Financial, Inc.  | 38653 | &nbsp;&nbsp;&nbsp; 458038 |
| Franklin BSP Realty Trust, Inc. (b) | 27121 | &nbsp;&nbsp;&nbsp; 230257 |
| Invesco Mortgage Capital, Inc. (b) | 17879 | &nbsp;&nbsp;&nbsp; 144462 |
| KKR Real Estate Finance Trust, Inc.  | 11279 | &nbsp;&nbsp;&nbsp; 69027 |
| Ladder Capital Corp.  | 32676 | &nbsp;&nbsp;&nbsp; 319244 |
| MFA Financial, Inc.  | 32743 | &nbsp;&nbsp;&nbsp; 313678 |
| Orchid Island Capital, Inc. (b) | 58795 | &nbsp;&nbsp;&nbsp; 413329 |
| PennyMac Mortgage Investment Trust | 24545 | &nbsp;&nbsp;&nbsp; 286195 |
| Ready Capital Corp. (b) | 6300 | &nbsp;&nbsp;&nbsp; 10206 |
| Redwood Trust, Inc. (b) | 40402 | &nbsp;&nbsp;&nbsp; 226655 |
| Seven Hills Realty Trust | 8022 | &nbsp;&nbsp;&nbsp; 65941 |
| TPG Mortgage Investment Trust, Inc.  | 9364 | &nbsp;&nbsp;&nbsp; 68451 |
| TPG RE Finance Trust, Inc.  | 16397 | &nbsp;&nbsp;&nbsp; 128061 |
| Two Harbors Investment Corp.  | 29275 | &nbsp;&nbsp;&nbsp; 334320 |
|  |  | &nbsp;&nbsp;&nbsp; 7240336 |
| **Multi-Utilities — 0.4%** | **Multi-Utilities — 0.4%** | **Multi-Utilities — 0.4%** |
| Avista Corp.  | 25675 | &nbsp;&nbsp;&nbsp; 1030595 |
| Black Hills Corp.  | 23850 | &nbsp;&nbsp;&nbsp; 1655428 |
| Northwestern Energy Group, Inc.  | 19469 | &nbsp;&nbsp;&nbsp; 1283786 |
| Unitil Corp.  | 5731 | &nbsp;&nbsp;&nbsp; 299387 |
|  |  | &nbsp;&nbsp;&nbsp; 4269196 |
| **Office REITs — 0.4%** | **Office REITs — 0.4%** | **Office REITs — 0.4%** |
| Brandywine Realty Trust | 55221 | &nbsp;&nbsp;&nbsp; 149649 |
| COPT Defense Properties | 36101 | &nbsp;&nbsp;&nbsp; 1104691 |
| Douglas Emmett, Inc. (b) | 49494 | &nbsp;&nbsp;&nbsp; 466234 |
| Easterly Government Properties, Inc.  | 13938 | &nbsp;&nbsp;&nbsp; 298691 |
| Empire State Realty Trust, Inc. - Class A (b) | 36809 | &nbsp;&nbsp;&nbsp; 191407 |
| Hudson Pacific Properties, Inc. (a) (b) | 8569 | &nbsp;&nbsp;&nbsp; 50643 |
| JBG SMITH Properties (b) | 21817 | &nbsp;&nbsp;&nbsp; 318746 |
| NET Lease Office Properties | 5003 | &nbsp;&nbsp;&nbsp; 57635 |
| Peakstone Realty Trust | 12370 | &nbsp;&nbsp;&nbsp; 258409 |
| Piedmont Realty Trust, Inc. - Class A (a) | 39588 | &nbsp;&nbsp;&nbsp; 260093 |
| Postal Realty Trust, Inc. - Class A | 7808 | &nbsp;&nbsp;&nbsp; 144916 |
| SL Green Realty Corp. (b) | 23163 | &nbsp;&nbsp;&nbsp; 855641 |
|  |  | &nbsp;&nbsp;&nbsp; 4156755 |
| **Oil, Gas & Consumable Fuels — 4.0%** | **Oil, Gas & Consumable Fuels — 4.0%** | **Oil, Gas & Consumable Fuels — 4.0%** |
| Ardmore Shipping Corp.  | 10132 | &nbsp;&nbsp;&nbsp; 154513 |
| BKV Corp. (a) | 7460 | &nbsp;&nbsp;&nbsp; 212759 |
| California Resources Corp.  | 23180 | &nbsp;&nbsp;&nbsp; 1604520 |
| Calumet, Inc. (a) (b) | 22673 | &nbsp;&nbsp;&nbsp; 813961 |
| Centrus Energy Corp. - Class A (a) (b) | 5260 | &nbsp;&nbsp;&nbsp; 913083 |
| Clean Energy Fuels Corp. (a) | 55935 | &nbsp;&nbsp;&nbsp; 138719 |

---

**BHFTII-220**

------

**Brighthouse Funds Trust II**

**MetLife Russell 2000 Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Oil, Gas & Consumable Fuels—(Continued)** | **Oil, Gas & Consumable Fuels—(Continued)** | **Oil, Gas & Consumable Fuels—(Continued)** |
| CNX Resources Corp. (a) | 43504 | &nbsp;&nbsp;&nbsp; $1677079 |
| Comstock Resources, Inc. (a) | 24559 | &nbsp;&nbsp;&nbsp; 517704 |
| Core Natural Resources, Inc.  | 16089 | &nbsp;&nbsp;&nbsp; 1685001 |
| Crescent Energy Co. - Class A | 81562 | &nbsp;&nbsp;&nbsp; 1101087 |
| CVR Energy, Inc. (a) | 10391 | &nbsp;&nbsp;&nbsp; 349657 |
| Delek U.S. Holdings, Inc.  | 19230 | &nbsp;&nbsp;&nbsp; 866696 |
| DHT Holdings, Inc.  | 41442 | &nbsp;&nbsp;&nbsp; 757145 |
| Diversified Energy Co.  | 20180 | &nbsp;&nbsp;&nbsp; 351939 |
| Dorian LPG Ltd.  | 11716 | &nbsp;&nbsp;&nbsp; 400687 |
| Encore Energy Corp. (a) (b) | 63287 | &nbsp;&nbsp;&nbsp; 113917 |
| Energy Fuels, Inc. (a) (b) | 74392 | &nbsp;&nbsp;&nbsp; 1357654 |
| Excelerate Energy, Inc. - Class A | 8493 | &nbsp;&nbsp;&nbsp; 283836 |
| FLEX LNG Ltd. (a) (b) | 11155 | &nbsp;&nbsp;&nbsp; 331415 |
| Gevo, Inc. (a) (b) | 74816 | &nbsp;&nbsp;&nbsp; 204248 |
| Golar LNG Ltd.  | 30813 | &nbsp;&nbsp;&nbsp; 1667291 |
| Granite Ridge Resources, Inc. (b) | 10113 | &nbsp;&nbsp;&nbsp; 59363 |
| Green Plains, Inc. (a) (b) | 22076 | &nbsp;&nbsp;&nbsp; 363150 |
| Gulfport Energy Corp. (a) | 5042 | &nbsp;&nbsp;&nbsp; 1066736 |
| HighPeak Energy, Inc.  | 7742 | &nbsp;&nbsp;&nbsp; 53420 |
| Infinity Natural Resources, Inc. - Class A (a) | 4799 | &nbsp;&nbsp;&nbsp; 84510 |
| International Seaways, Inc.  | 12716 | &nbsp;&nbsp;&nbsp; 926742 |
| Kinetik Holdings, Inc. (b) | 14659 | &nbsp;&nbsp;&nbsp; 709642 |
| Kolibri Global Energy, Inc. (a) | 10410 | &nbsp;&nbsp;&nbsp; 57151 |
| Kosmos Energy Ltd. (a) (b) | 139783 | &nbsp;&nbsp;&nbsp; 388597 |
| Lightbridge Corp. (a) (b) | 9132 | &nbsp;&nbsp;&nbsp; 97347 |
| Magnolia Oil & Gas Corp. - Class A (b) | 57151 | &nbsp;&nbsp;&nbsp; 1804257 |
| Murphy Oil Corp.  | 42686 | &nbsp;&nbsp;&nbsp; 1760798 |
| NACCO Industries, Inc. - Class A | 1471 | &nbsp;&nbsp;&nbsp; 76448 |
| Navigator Holdings Ltd.  | 8398 | &nbsp;&nbsp;&nbsp; 162333 |
| New Fortress Energy, Inc. (a) (b) | 60805 | &nbsp;&nbsp;&nbsp; 35875 |
| NextDecade Corp. (a) (b) | 55609 | &nbsp;&nbsp;&nbsp; 425965 |
| Nordic American Tankers Ltd.  | 65117 | &nbsp;&nbsp;&nbsp; 381586 |
| Northern Oil & Gas, Inc.  | 31231 | &nbsp;&nbsp;&nbsp; 912882 |
| Par Pacific Holdings, Inc. (a) | 15618 | &nbsp;&nbsp;&nbsp; 978312 |
| PBF Energy, Inc. - Class A | 26480 | &nbsp;&nbsp;&nbsp; 1260978 |
| Peabody Energy Corp.  | 38647 | &nbsp;&nbsp;&nbsp; 1273419 |
| REX American Resources Corp. (a) | 9108 | &nbsp;&nbsp;&nbsp; 415052 |
| Riley Exploration Permian, Inc.  | 4955 | &nbsp;&nbsp;&nbsp; 180610 |
| Sable Offshore Corp. (a) (b) | 39540 | &nbsp;&nbsp;&nbsp; 653201 |
| SandRidge Energy, Inc.  | 9767 | &nbsp;&nbsp;&nbsp; 159300 |
| Scorpio Tankers, Inc.  | 14272 | &nbsp;&nbsp;&nbsp; 1065548 |
| SFL Corp. Ltd.  | 35144 | &nbsp;&nbsp;&nbsp; 379204 |
| SM Energy Co.  | 80035 | &nbsp;&nbsp;&nbsp; 2495491 |
| Summit Midstream Corp. (a) | 3808 | &nbsp;&nbsp;&nbsp; 115154 |
| Talos Energy, Inc. (a) | 39393 | &nbsp;&nbsp;&nbsp; 620834 |
| Teekay Corp. Ltd.  | 17006 | &nbsp;&nbsp;&nbsp; 207643 |
| Teekay Tankers Ltd. - Class A | 7763 | &nbsp;&nbsp;&nbsp; 569183 |
| Uranium Energy Corp. (a) (b) | 150811 | &nbsp;&nbsp;&nbsp; 2035948 |
| VAALCO Energy, Inc.  | 33072 | &nbsp;&nbsp;&nbsp; 209676 |
| Viper Energy, Inc. - Class A | 1 | &nbsp;&nbsp;&nbsp; 47 |
| Vitesse Energy, Inc. (b) | 10875 | &nbsp;&nbsp;&nbsp; 197490 |
| W&T Offshore, Inc.  | 32101 | &nbsp;&nbsp;&nbsp; 109464 |
| World Kinect Corp. (b) | 17192 | &nbsp;&nbsp;&nbsp; 396619 |
|  |  | &nbsp;&nbsp;&nbsp; 38192886 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Paper & Forest Products — 0.1%** | **Paper & Forest Products — 0.1%** | **Paper & Forest Products — 0.1%** |
| Clearwater Paper Corp. (a) | 5381 | &nbsp;&nbsp;&nbsp; $77379 |
| Magnera Corp. (a) | 10599 | &nbsp;&nbsp;&nbsp; 100796 |
| Sylvamo Corp.  | 10411 | &nbsp;&nbsp;&nbsp; 439761 |
|  |  | &nbsp;&nbsp;&nbsp; 617936 |
| **Passenger Airlines — 0.4%** | **Passenger Airlines — 0.4%** | **Passenger Airlines — 0.4%** |
| Allegiant Travel Co. (a) | 4799 | &nbsp;&nbsp;&nbsp; 388911 |
| Frontier Group Holdings, Inc. (a) | 4873 | &nbsp;&nbsp;&nbsp; 17202 |
| JetBlue Airways Corp. (a) | 94268 | &nbsp;&nbsp;&nbsp; 416664 |
| Joby Aviation, Inc. (a) (b) | 185211 | &nbsp;&nbsp;&nbsp; 1529843 |
| SkyWest, Inc. (a) | 13148 | &nbsp;&nbsp;&nbsp; 1207381 |
| Sun Country Airlines Holdings, Inc. (a) | 18930 | &nbsp;&nbsp;&nbsp; 312724 |
|  |  | &nbsp;&nbsp;&nbsp; 3872725 |
| **Personal Care Products — 0.2%** | **Personal Care Products — 0.2%** | **Personal Care Products — 0.2%** |
| Edgewell Personal Care Co.  | 13913 | &nbsp;&nbsp;&nbsp; 296903 |
| Herbalife Ltd. (a) | 32552 | &nbsp;&nbsp;&nbsp; 479165 |
| Honest Co., Inc. (a) | 31674 | &nbsp;&nbsp;&nbsp; 93122 |
| Interparfums, Inc.  | 5954 | &nbsp;&nbsp;&nbsp; 540861 |
| Nature's Sunshine Products, Inc. (a) | 6239 | &nbsp;&nbsp;&nbsp; 149674 |
| Nu Skin Enterprises, Inc. - Class A | 15818 | &nbsp;&nbsp;&nbsp; 115155 |
| Olaplex Holdings, Inc. (a) (b) | 48226 | &nbsp;&nbsp;&nbsp; 97899 |
| USANA Health Sciences, Inc. (a) | 3610 | &nbsp;&nbsp;&nbsp; 63067 |
|  |  | &nbsp;&nbsp;&nbsp; 1835846 |
| **Personal Care Products — 0.0%** | **Personal Care Products — 0.0%** | **Personal Care Products — 0.0%** |
| Niagen Bioscience, Inc. (a) | 17532 | &nbsp;&nbsp;&nbsp; 77316 |
| **Pharmaceuticals — 2.4%** | **Pharmaceuticals — 2.4%** | **Pharmaceuticals — 2.4%** |
| Aclaris Therapeutics, Inc. (a) | 29643 | &nbsp;&nbsp;&nbsp; 111161 |
| Alumis, Inc. (a) | 21798 | &nbsp;&nbsp;&nbsp; 480210 |
| Amneal Pharmaceuticals, Inc. (a) | 46080 | &nbsp;&nbsp;&nbsp; 572774 |
| Amphastar Pharmaceuticals, Inc. (a) | 11871 | &nbsp;&nbsp;&nbsp; 232553 |
| Amylyx Pharmaceuticals, Inc. (a) | 29276 | &nbsp;&nbsp;&nbsp; 406936 |
| ANI Pharmaceuticals, Inc. (a) | 6205 | &nbsp;&nbsp;&nbsp; 477165 |
| Aquestive Therapeutics, Inc. (a) (b) | 22879 | &nbsp;&nbsp;&nbsp; 94948 |
| Arvinas, Inc. (a) | 18191 | &nbsp;&nbsp;&nbsp; 192825 |
| Atea Pharmaceuticals, Inc. (a) (b) | 22900 | &nbsp;&nbsp;&nbsp; 123202 |
| Axsome Therapeutics, Inc. (a) | 13080 | &nbsp;&nbsp;&nbsp; 2210782 |
| BioAge Labs, Inc. (a) | 9770 | &nbsp;&nbsp;&nbsp; 170877 |
| Collegium Pharmaceutical, Inc. (a) | 10622 | &nbsp;&nbsp;&nbsp; 351270 |
| CorMedix, Inc. (a) (b) | 24622 | &nbsp;&nbsp;&nbsp; 167183 |
| Crinetics Pharmaceuticals, Inc. (a) (b) | 31759 | &nbsp;&nbsp;&nbsp; 1153487 |
| Definium Therapeutics, Inc. (a) | 31000 | &nbsp;&nbsp;&nbsp; 585900 |
| Edgewise Therapeutics, Inc. (a) | 22579 | &nbsp;&nbsp;&nbsp; 711239 |
| Enliven Therapeutics, Inc. (a) | 12502 | &nbsp;&nbsp;&nbsp; 490078 |
| Esperion Therapeutics, Inc. (a) | 58177 | &nbsp;&nbsp;&nbsp; 159405 |
| Eton Pharmaceuticals, Inc. (a) | 9379 | &nbsp;&nbsp;&nbsp; 231474 |
| Evolus, Inc. (a) | 7670 | &nbsp;&nbsp;&nbsp; 31524 |
| EyePoint, Inc. (a) | 24644 | &nbsp;&nbsp;&nbsp; 317661 |
| Fulcrum Therapeutics, Inc. (a) | 19248 | &nbsp;&nbsp;&nbsp; 147632 |
| Harmony Biosciences Holdings, Inc. (a) | 14622 | &nbsp;&nbsp;&nbsp; 409562 |
| Harrow, Inc. (a) (b) | 11055 | &nbsp;&nbsp;&nbsp; 389799 |
| Indivior Pharmaceuticals, Inc. (a) | 39504 | &nbsp;&nbsp;&nbsp; 1204082 |
| Innoviva, Inc. (a) | 22731 | &nbsp;&nbsp;&nbsp; 529632 |
| Journey Medical Corp. (a) | 7215 | &nbsp;&nbsp;&nbsp; 33838 |

---

**BHFTII-221**

------

**Brighthouse Funds Trust II**

**MetLife Russell 2000 Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Pharmaceuticals—(Continued)** | **Pharmaceuticals—(Continued)** | **Pharmaceuticals—(Continued)** |
| LB Pharmaceuticals, Inc. (a) (b) | 6547 | &nbsp;&nbsp;&nbsp; $161449 |
| LENZ Therapeutics, Inc. (a) (b) | 5451 | &nbsp;&nbsp;&nbsp; 49877 |
| Ligand Pharmaceuticals, Inc. (a) (b) | 6090 | &nbsp;&nbsp;&nbsp; 1215869 |
| Liquidia Corp. (a) (b) | 21765 | &nbsp;&nbsp;&nbsp; 821411 |
| Maze Therapeutics, Inc. (a) | 8440 | &nbsp;&nbsp;&nbsp; 251934 |
| MBX Biosciences, Inc. (a) (b) | 9444 | &nbsp;&nbsp;&nbsp; 281903 |
| MediWound Ltd. (a) (b) | 3483 | &nbsp;&nbsp;&nbsp; 56111 |
| Nuvation Bio, Inc. (a) | 72553 | &nbsp;&nbsp;&nbsp; 311252 |
| Ocular Therapeutix, Inc. (a) | 55110 | &nbsp;&nbsp;&nbsp; 466782 |
| Omeros Corp. (a) (b) | 21621 | &nbsp;&nbsp;&nbsp; 228318 |
| Pacira BioSciences, Inc. (a) (b) | 14581 | &nbsp;&nbsp;&nbsp; 329531 |
| Phathom Pharmaceuticals, Inc. (a) | 15814 | &nbsp;&nbsp;&nbsp; 175694 |
| Phibro Animal Health Corp. - Class A | 6746 | &nbsp;&nbsp;&nbsp; 373121 |
| Prestige Consumer Healthcare, Inc. (a) | 15182 | &nbsp;&nbsp;&nbsp; 899837 |
| Rapport Therapeutics, Inc. (a) (b) | 9431 | &nbsp;&nbsp;&nbsp; 295096 |
| Scilex Holding Co. (a) | 627 | &nbsp;&nbsp;&nbsp; 4176 |
| Septerna, Inc. (a) (b) | 8261 | &nbsp;&nbsp;&nbsp; 198512 |
| SIGA Technologies, Inc.  | 4261 | &nbsp;&nbsp;&nbsp; 22796 |
| Supernus Pharmaceuticals, Inc. (a) | 18296 | &nbsp;&nbsp;&nbsp; 945720 |
| Tarsus Pharmaceuticals, Inc. (a) | 12660 | &nbsp;&nbsp;&nbsp; 888099 |
| Terns Pharmaceuticals, Inc. (a) | 30305 | &nbsp;&nbsp;&nbsp; 1597680 |
| Theravance Biopharma, Inc. (a) | 12613 | &nbsp;&nbsp;&nbsp; 204709 |
| Third Harmonic Bio, Inc. (a) (d) (e) | 10177 | &nbsp;&nbsp;&nbsp; 0 |
| Trevi Therapeutics, Inc. (a) | 29636 | &nbsp;&nbsp;&nbsp; 353557 |
| WaVe Life Sciences Ltd. (a) | 44263 | &nbsp;&nbsp;&nbsp; 320907 |
| Xeris Biopharma Holdings, Inc. (a) | 41679 | &nbsp;&nbsp;&nbsp; 241738 |
| Zevra Therapeutics, Inc. (a) | 13560 | &nbsp;&nbsp;&nbsp; 126379 |
|  |  | &nbsp;&nbsp;&nbsp; 22809657 |
| **Professional Services — 1.4%** | **Professional Services — 1.4%** | **Professional Services — 1.4%** |
| Alight, Inc. - Class A | 75654 | &nbsp;&nbsp;&nbsp; 44083 |
| Asure Software, Inc. (a) | 2968 | &nbsp;&nbsp;&nbsp; 25525 |
| Barrett Business Services, Inc.  | 7601 | &nbsp;&nbsp;&nbsp; 221797 |
| BlackSky Technology, Inc. (a) (b) | 11134 | &nbsp;&nbsp;&nbsp; 280131 |
| CBIZ, Inc. (a) (b) | 16245 | &nbsp;&nbsp;&nbsp; 436178 |
| CRA International, Inc.  | 2120 | &nbsp;&nbsp;&nbsp; 343186 |
| CSG Systems International, Inc.  | 8640 | &nbsp;&nbsp;&nbsp; 690682 |
| Exponent, Inc.  | 15792 | &nbsp;&nbsp;&nbsp; 1030428 |
| First Advantage Corp. (a) (b) | 28836 | &nbsp;&nbsp;&nbsp; 339111 |
| Huron Consulting Group, Inc. (a) (b) | 5277 | &nbsp;&nbsp;&nbsp; 672765 |
| IBEX Holdings Ltd. (a) | 3785 | &nbsp;&nbsp;&nbsp; 101514 |
| ICF International, Inc.  | 6190 | &nbsp;&nbsp;&nbsp; 404145 |
| Innodata, Inc. (a) (b) | 10301 | &nbsp;&nbsp;&nbsp; 397825 |
| Insperity, Inc.  | 11759 | &nbsp;&nbsp;&nbsp; 317963 |
| Kelly Services, Inc. - Class A | 4729 | &nbsp;&nbsp;&nbsp; 41852 |
| Kforce, Inc.  | 5889 | &nbsp;&nbsp;&nbsp; 172194 |
| Korn Ferry (b) | 17107 | &nbsp;&nbsp;&nbsp; 1076886 |
| Legalzoom.com, Inc. (a) | 41824 | &nbsp;&nbsp;&nbsp; 237142 |
| Maximus, Inc.  | 17237 | &nbsp;&nbsp;&nbsp; 1104892 |
| Mistras Group, Inc. (a) | 969 | &nbsp;&nbsp;&nbsp; 14322 |
| Planet Labs PBC (a) (b) | 85627 | &nbsp;&nbsp;&nbsp; 2393275 |
| Resolute Holdings Management, Inc. (a) (b) | 1437 | &nbsp;&nbsp;&nbsp; 233225 |
| Spire Global, Inc. (a) (b) | 9711 | &nbsp;&nbsp;&nbsp; 122164 |
| TIC Solutions, Inc. (a) (b) | 65326 | &nbsp;&nbsp;&nbsp; 429845 |
| TriNet Group, Inc.  | 10058 | &nbsp;&nbsp;&nbsp; 366413 |
| Upwork, Inc. (a) | 37984 | &nbsp;&nbsp;&nbsp; 416305 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Professional Services—(Continued)** | **Professional Services—(Continued)** | **Professional Services—(Continued)** |
| Verra Mobility Corp. (a) | 49718 | &nbsp;&nbsp;&nbsp; $710470 |
| Willdan Group, Inc. (a) | 4552 | &nbsp;&nbsp;&nbsp; 348501 |
|  |  | &nbsp;&nbsp;&nbsp; 12972819 |
| **Real Estate Management & Development — 0.6%** | **Real Estate Management & Development — 0.6%** | **Real Estate Management & Development — 0.6%** |
| Compass, Inc. - Class A (a) | 206731 | &nbsp;&nbsp;&nbsp; 1511204 |
| Cushman & Wakefield Ltd. (a) | 71555 | &nbsp;&nbsp;&nbsp; 877264 |
| eXp World Holdings, Inc. (b) | 28664 | &nbsp;&nbsp;&nbsp; 171697 |
| Forestar Group, Inc. (a) | 6691 | &nbsp;&nbsp;&nbsp; 163528 |
| FRP Holdings, Inc. (a) | 3798 | &nbsp;&nbsp;&nbsp; 83100 |
| Kennedy-Wilson Holdings, Inc.  | 38391 | &nbsp;&nbsp;&nbsp; 415391 |
| Marcus & Millichap, Inc.  | 8432 | &nbsp;&nbsp;&nbsp; 224207 |
| Newmark Group, Inc. - Class A | 48160 | &nbsp;&nbsp;&nbsp; 721919 |
| Real Brokerage, Inc. (a) | 25368 | &nbsp;&nbsp;&nbsp; 63420 |
| RMR Group, Inc. - Class A | 4666 | &nbsp;&nbsp;&nbsp; 72183 |
| Seaport Entertainment Group, Inc. (a) (b) | 3029 | &nbsp;&nbsp;&nbsp; 65063 |
| St. Joe Co.  | 12046 | &nbsp;&nbsp;&nbsp; 756489 |
| Stratus Properties, Inc. (a) | 2264 | &nbsp;&nbsp;&nbsp; 69097 |
| Tejon Ranch Co. (a) | 6848 | &nbsp;&nbsp;&nbsp; 129016 |
|  |  | &nbsp;&nbsp;&nbsp; 5323578 |
| **Residential REITs — 0.3%** | **Residential REITs — 0.3%** | **Residential REITs — 0.3%** |
| BRT Apartments Corp.  | 3996 | &nbsp;&nbsp;&nbsp; 53306 |
| Centerspace | 5124 | &nbsp;&nbsp;&nbsp; 294374 |
| Independence Realty Trust, Inc.  | 77068 | &nbsp;&nbsp;&nbsp; 1147542 |
| NexPoint Residential Trust, Inc.  | 6964 | &nbsp;&nbsp;&nbsp; 174100 |
| UMH Properties, Inc.  | 23055 | &nbsp;&nbsp;&nbsp; 332684 |
| Veris Residential, Inc.  | 25179 | &nbsp;&nbsp;&nbsp; 475128 |
|  |  | &nbsp;&nbsp;&nbsp; 2477134 |
| **Retail REITs — 1.2%** | **Retail REITs — 1.2%** | **Retail REITs — 1.2%** |
| Acadia Realty Trust (b) | 40236 | &nbsp;&nbsp;&nbsp; 769312 |
| Alexander's, Inc. (b) | 759 | &nbsp;&nbsp;&nbsp; 179276 |
| CBL & Associates Properties, Inc.  | 5586 | &nbsp;&nbsp;&nbsp; 214670 |
| Curbline Properties Corp.  | 32459 | &nbsp;&nbsp;&nbsp; 837117 |
| FrontView REIT, Inc.  | 7089 | &nbsp;&nbsp;&nbsp; 109667 |
| Getty Realty Corp.  | 17066 | &nbsp;&nbsp;&nbsp; 542699 |
| InvenTrust Properties Corp.  | 26020 | &nbsp;&nbsp;&nbsp; 792569 |
| Kite Realty Group Trust (b) | 68704 | &nbsp;&nbsp;&nbsp; 1686683 |
| Macerich Co. (b) | 80523 | &nbsp;&nbsp;&nbsp; 1521885 |
| NETSTREIT Corp. (b) | 27425 | &nbsp;&nbsp;&nbsp; 516413 |
| Phillips Edison & Co., Inc.  | 39953 | &nbsp;&nbsp;&nbsp; 1495041 |
| Saul Centers, Inc.  | 3827 | &nbsp;&nbsp;&nbsp; 124684 |
| SITE Centers Corp.  | 8313 | &nbsp;&nbsp;&nbsp; 44890 |
| Tanger, Inc.  | 35713 | &nbsp;&nbsp;&nbsp; 1213528 |
| Urban Edge Properties | 40244 | &nbsp;&nbsp;&nbsp; 804075 |
| Whitestone REIT | 13758 | &nbsp;&nbsp;&nbsp; 222192 |
|  |  | &nbsp;&nbsp;&nbsp; 11074701 |
| **Semiconductors & Semiconductor Equipment — 3.3%** | **Semiconductors & Semiconductor Equipment — 3.3%** | **Semiconductors & Semiconductor Equipment — 3.3%** |
| ACM Research, Inc. - Class A (a) | 16118 | &nbsp;&nbsp;&nbsp; 634243 |
| Aehr Test Systems (a) (b) | 9978 | &nbsp;&nbsp;&nbsp; 369984 |
| Aeluma, Inc. (a) (b) | 3822 | &nbsp;&nbsp;&nbsp; 50030 |
| Alpha & Omega Semiconductor Ltd. (a) | 8473 | &nbsp;&nbsp;&nbsp; 187762 |
| Ambarella, Inc. (a) | 13449 | &nbsp;&nbsp;&nbsp; 692287 |

---

**BHFTII-222**

------

**Brighthouse Funds Trust II**

**MetLife Russell 2000 Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Semiconductors & Semiconductor Equipment—(Continued)** | **Semiconductors & Semiconductor Equipment—(Continued)** | **Semiconductors & Semiconductor Equipment—(Continued)** |
| Ambiq Micro, Inc. (a) | 5902 | &nbsp;&nbsp;&nbsp; $149970 |
| Axcelis Technologies, Inc. (a) | 10021 | &nbsp;&nbsp;&nbsp; 932755 |
| CEVA, Inc. (a) | 8407 | &nbsp;&nbsp;&nbsp; 157043 |
| Cohu, Inc. (a) | 14277 | &nbsp;&nbsp;&nbsp; 437162 |
| Credo Technology Group Holding Ltd. (a) | 50959 | &nbsp;&nbsp;&nbsp; 4783521 |
| Diodes, Inc. (a) | 14506 | &nbsp;&nbsp;&nbsp; 990179 |
| FormFactor, Inc. (a) (c) | 24588 | &nbsp;&nbsp;&nbsp; 2384790 |
| Ichor Holdings Ltd. (a) | 10772 | &nbsp;&nbsp;&nbsp; 502083 |
| Impinj, Inc. (a) (b) | 8762 | &nbsp;&nbsp;&nbsp; 899857 |
| indie Semiconductor, Inc. - Class A (a) (b) | 47429 | &nbsp;&nbsp;&nbsp; 152721 |
| Kopin Corp. (a) (b) | 55055 | &nbsp;&nbsp;&nbsp; 123874 |
| Kulicke & Soffa Industries, Inc.  | 15881 | &nbsp;&nbsp;&nbsp; 1043699 |
| MaxLinear, Inc. (a) | 26211 | &nbsp;&nbsp;&nbsp; 455809 |
| Navitas Semiconductor Corp. (a) (b) | 64640 | &nbsp;&nbsp;&nbsp; 566893 |
| NVE Corp.  | 1605 | &nbsp;&nbsp;&nbsp; 105127 |
| PDF Solutions, Inc. (a) | 11198 | &nbsp;&nbsp;&nbsp; 366287 |
| Penguin Solutions, Inc. (a) (b) | 18743 | &nbsp;&nbsp;&nbsp; 329877 |
| Photronics, Inc. (a) | 18180 | &nbsp;&nbsp;&nbsp; 734654 |
| Power Integrations, Inc.  | 17458 | &nbsp;&nbsp;&nbsp; 893850 |
| Rambus, Inc. (a) | 34053 | &nbsp;&nbsp;&nbsp; 2929580 |
| Rigetti Computing, Inc. (a) | 105782 | &nbsp;&nbsp;&nbsp; 1485179 |
| Semtech Corp. (a) | 29402 | &nbsp;&nbsp;&nbsp; 2260720 |
| Silicon Laboratories, Inc. (a) | 10293 | &nbsp;&nbsp;&nbsp; 2142488 |
| SiTime Corp. (a) | 7051 | &nbsp;&nbsp;&nbsp; 2435063 |
| SkyWater Technology, Inc. (a) | 11374 | &nbsp;&nbsp;&nbsp; 311761 |
| Synaptics, Inc. (a) (b) | 12689 | &nbsp;&nbsp;&nbsp; 888737 |
| Ultra Clean Holdings, Inc. (a) | 14121 | &nbsp;&nbsp;&nbsp; 878044 |
| Veeco Instruments, Inc. (a) | 19960 | &nbsp;&nbsp;&nbsp; 675846 |
|  |  | &nbsp;&nbsp;&nbsp; 31951875 |
| **Software — 4.3%** | **Software — 4.3%** | **Software — 4.3%** |
| 8x8, Inc. (a) | 43749 | &nbsp;&nbsp;&nbsp; 72623 |
| A10 Networks, Inc. (b) | 22440 | &nbsp;&nbsp;&nbsp; 518813 |
| ACI Worldwide, Inc. (a) | 33619 | &nbsp;&nbsp;&nbsp; 1378715 |
| Adeia, Inc.  | 35438 | &nbsp;&nbsp;&nbsp; 851575 |
| Agilysys, Inc. (a) | 8495 | &nbsp;&nbsp;&nbsp; 604334 |
| Alarm.com Holdings, Inc. (a) | 15379 | &nbsp;&nbsp;&nbsp; 664219 |
| Alkami Technology, Inc. (a) (b) | 22607 | &nbsp;&nbsp;&nbsp; 354252 |
| Amplitude, Inc. - Class A (a) | 30453 | &nbsp;&nbsp;&nbsp; 207689 |
| Appian Corp. - Class A (a) | 13081 | &nbsp;&nbsp;&nbsp; 315383 |
| Arteris, Inc. (a) | 9551 | &nbsp;&nbsp;&nbsp; 157018 |
| Asana, Inc. - Class A (a) | 30484 | &nbsp;&nbsp;&nbsp; 195098 |
| AvePoint, Inc. (a) | 48087 | &nbsp;&nbsp;&nbsp; 457307 |
| Bit Digital, Inc. (a) (b) | 106159 | &nbsp;&nbsp;&nbsp; 139068 |
| Bitdeer Technologies Group - Class A (a) (b) | 39177 | &nbsp;&nbsp;&nbsp; 338881 |
| Blackbaud, Inc. (a) | 12669 | &nbsp;&nbsp;&nbsp; 489150 |
| BlackLine, Inc. (a) (b) (c) | 15738 | &nbsp;&nbsp;&nbsp; 582306 |
| Blend Labs, Inc. - Class A (a) (b) | 25861 | &nbsp;&nbsp;&nbsp; 43964 |
| Box, Inc. - Class A (a) (b) | 45655 | &nbsp;&nbsp;&nbsp; 1079284 |
| Braze, Inc. - Class A (a) | 27847 | &nbsp;&nbsp;&nbsp; 657468 |
| C3.ai, Inc. - Class A (a) | 43771 | &nbsp;&nbsp;&nbsp; 368552 |
| Cerence, Inc. (a) | 13894 | &nbsp;&nbsp;&nbsp; 87671 |
| Chaince Digital Holdings, Inc. (a) | 3377 | &nbsp;&nbsp;&nbsp; 13440 |
| Cipher Digital, Inc. (a) (b) | 102530 | &nbsp;&nbsp;&nbsp; 1319561 |
| Cleanspark, Inc. (a) (b) | 80194 | &nbsp;&nbsp;&nbsp; 682451 |
| Clear Secure, Inc. - Class A | 27838 | &nbsp;&nbsp;&nbsp; 1347638 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Software—(Continued)** | **Software—(Continued)** | **Software—(Continued)** |
| Clearwater Analytics Holdings, Inc. - Class A (a) | 88198 | &nbsp;&nbsp;&nbsp; $2085883 |
| Commvault Systems, Inc. (a) | 13977 | &nbsp;&nbsp;&nbsp; 1088669 |
| Consensus Cloud Solutions, Inc. (a) | 6453 | &nbsp;&nbsp;&nbsp; 153194 |
| Core Scientific, Inc. (a) | 91820 | &nbsp;&nbsp;&nbsp; 1373627 |
| Daily Journal Corp. (a) | 399 | &nbsp;&nbsp;&nbsp; 192454 |
| Digital Turbine, Inc. (a) | 34953 | &nbsp;&nbsp;&nbsp; 100665 |
| D-Wave Quantum, Inc. (a) (b) | 115596 | &nbsp;&nbsp;&nbsp; 1668050 |
| Five9, Inc. (a) | 25226 | &nbsp;&nbsp;&nbsp; 382678 |
| Freshworks, Inc. - Class A (a) | 65645 | &nbsp;&nbsp;&nbsp; 527129 |
| Hut 8 Corp. (a) (b) | 31279 | &nbsp;&nbsp;&nbsp; 1467298 |
| I3 Verticals, Inc. - Class A (a) | 8394 | &nbsp;&nbsp;&nbsp; 187690 |
| Intapp, Inc. (a) | 18837 | &nbsp;&nbsp;&nbsp; 483923 |
| InterDigital, Inc. (b) | 8176 | &nbsp;&nbsp;&nbsp; 2469152 |
| Life360, Inc. (a) | 6744 | &nbsp;&nbsp;&nbsp; 275290 |
| LiveRamp Holdings, Inc. (a) | 19785 | &nbsp;&nbsp;&nbsp; 524698 |
| MARA Holdings, Inc. (a) (b) | 119943 | &nbsp;&nbsp;&nbsp; 978735 |
| Mitek Systems, Inc. (a) | 11445 | &nbsp;&nbsp;&nbsp; 154508 |
| N-able, Inc. (a) | 22730 | &nbsp;&nbsp;&nbsp; 106149 |
| NCR Voyix Corp. (a) (b) | 38738 | &nbsp;&nbsp;&nbsp; 245212 |
| NextNav, Inc. (a) (b) | 32050 | &nbsp;&nbsp;&nbsp; 513441 |
| ON24, Inc. (a) | 13180 | &nbsp;&nbsp;&nbsp; 106758 |
| OneSpan, Inc.  | 7457 | &nbsp;&nbsp;&nbsp; 78522 |
| Ooma, Inc. (a) | 8425 | &nbsp;&nbsp;&nbsp; 122584 |
| Pagaya Technologies Ltd. - Class A (a) (b) | 19496 | &nbsp;&nbsp;&nbsp; 227128 |
| PagerDuty, Inc. (a) | 22576 | &nbsp;&nbsp;&nbsp; 140197 |
| PAR Technology Corp. (a) (b) | 13092 | &nbsp;&nbsp;&nbsp; 174516 |
| Porch Group, Inc. (a) | 29594 | &nbsp;&nbsp;&nbsp; 212189 |
| Progress Software Corp. (a) | 14150 | &nbsp;&nbsp;&nbsp; 362948 |
| Q2 Holdings, Inc. (a) | 20215 | &nbsp;&nbsp;&nbsp; 956169 |
| Qualys, Inc. (a) | 11392 | &nbsp;&nbsp;&nbsp; 1000787 |
| Rapid7, Inc. (a) | 13733 | &nbsp;&nbsp;&nbsp; 75669 |
| Red Violet, Inc. (a) | 4110 | &nbsp;&nbsp;&nbsp; 142206 |
| Rezolve AI PLC (a) (b) | 71877 | &nbsp;&nbsp;&nbsp; 184005 |
| Rimini Street, Inc. (a) | 16168 | &nbsp;&nbsp;&nbsp; 53031 |
| Riot Platforms, Inc. (a) | 108294 | &nbsp;&nbsp;&nbsp; 1338514 |
| Sapiens International Corp. NV (a) (d) | 11083 | &nbsp;&nbsp;&nbsp; 482111 |
| SEMrush Holdings, Inc. - Class A (a) | 17232 | &nbsp;&nbsp;&nbsp; 205750 |
| SoundHound AI, Inc. - Class A (a) (b) | 118206 | &nbsp;&nbsp;&nbsp; 812075 |
| Sprinklr, Inc. - Class A (a) | 34370 | &nbsp;&nbsp;&nbsp; 206220 |
| Sprout Social, Inc. - Class A (a) | 8123 | &nbsp;&nbsp;&nbsp; 46301 |
| SPS Commerce, Inc. (a) | 12323 | &nbsp;&nbsp;&nbsp; 686021 |
| Telos Corp. (a) | 7029 | &nbsp;&nbsp;&nbsp; 29452 |
| Tenable Holdings, Inc. (a) | 37531 | &nbsp;&nbsp;&nbsp; 634837 |
| Terawulf, Inc. (a) (b) | 95754 | &nbsp;&nbsp;&nbsp; 1381730 |
| Varonis Systems, Inc. (a) | 37419 | &nbsp;&nbsp;&nbsp; 803386 |
| Vertex, Inc. - Class A (a) | 23561 | &nbsp;&nbsp;&nbsp; 280140 |
| Via Transportation, Inc. - Class A (a) | 3524 | &nbsp;&nbsp;&nbsp; 52860 |
| Viant Technology, Inc. - Class A (a) | 5049 | &nbsp;&nbsp;&nbsp; 56549 |
| Weave Communications, Inc. (a) | 10947 | &nbsp;&nbsp;&nbsp; 50575 |
| Workiva, Inc. (a) | 16331 | &nbsp;&nbsp;&nbsp; 973818 |
| Xperi, Inc. (a) | 8086 | &nbsp;&nbsp;&nbsp; 45282 |
| Yext, Inc. (a) | 32440 | &nbsp;&nbsp;&nbsp; 124570 |
| Zeta Global Holdings Corp. - Class A (a) (b) | 66607 | &nbsp;&nbsp;&nbsp; 1060383 |
|  |  | &nbsp;&nbsp;&nbsp; 41012188 |

---

**BHFTII-223**

------

**Brighthouse Funds Trust II**

**MetLife Russell 2000 Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Specialized REITs — 0.3%** | **Specialized REITs — 0.3%** | **Specialized REITs — 0.3%** |
| Farmland Partners, Inc.  | 8884 | &nbsp;&nbsp;&nbsp; $99767 |
| Four Corners Property Trust, Inc.  | 33916 | &nbsp;&nbsp;&nbsp; 802113 |
| Gladstone Land Corp. (b) | 11340 | &nbsp;&nbsp;&nbsp; 115668 |
| Outfront Media, Inc.  | 47341 | &nbsp;&nbsp;&nbsp; 1254537 |
| Safehold, Inc.  | 17256 | &nbsp;&nbsp;&nbsp; 233474 |
| Smartstop Self Storage REIT, Inc. (b) | 17699 | &nbsp;&nbsp;&nbsp; 535926 |
|  |  | &nbsp;&nbsp;&nbsp; 3041485 |
| **Specialty Retail — 1.8%** | **Specialty Retail — 1.8%** | **Specialty Retail — 1.8%** |
| Abercrombie & Fitch Co. - Class A (a) | 14361 | &nbsp;&nbsp;&nbsp; 1312165 |
| Academy Sports & Outdoors, Inc.  | 21545 | &nbsp;&nbsp;&nbsp; 1216215 |
| Advance Auto Parts, Inc. (b) | 18871 | &nbsp;&nbsp;&nbsp; 995445 |
| American Eagle Outfitters, Inc.  | 49033 | &nbsp;&nbsp;&nbsp; 818851 |
| Arhaus, Inc.  | 17118 | &nbsp;&nbsp;&nbsp; 116060 |
| Arko Corp.  | 21290 | &nbsp;&nbsp;&nbsp; 118372 |
| Asbury Automotive Group, Inc. (a) | 6263 | &nbsp;&nbsp;&nbsp; 1223853 |
| Bed Bath & Beyond, Inc. (a) | 13533 | &nbsp;&nbsp;&nbsp; 62793 |
| Boot Barn Holdings, Inc. (a) (c) | 9731 | &nbsp;&nbsp;&nbsp; 1424229 |
| Buckle, Inc.  | 10268 | &nbsp;&nbsp;&nbsp; 517097 |
| Build-A-Bear Workshop, Inc. (b) | 4280 | &nbsp;&nbsp;&nbsp; 160286 |
| Caleres, Inc.  | 5855 | &nbsp;&nbsp;&nbsp; 61712 |
| Camping World Holdings, Inc. - Class A (b) | 12066 | &nbsp;&nbsp;&nbsp; 82411 |
| Citi Trends, Inc. (a) | 1363 | &nbsp;&nbsp;&nbsp; 59045 |
| Designer Brands, Inc. - Class A | 11412 | &nbsp;&nbsp;&nbsp; 64934 |
| EVgo, Inc. (a) | 43500 | &nbsp;&nbsp;&nbsp; 74820 |
| Genesco, Inc. (a) | 3397 | &nbsp;&nbsp;&nbsp; 98479 |
| Group 1 Automotive, Inc.  | 3716 | &nbsp;&nbsp;&nbsp; 1228621 |
| Haverty Furniture Cos., Inc.  | 4960 | &nbsp;&nbsp;&nbsp; 105053 |
| MarineMax, Inc. (a) | 5442 | &nbsp;&nbsp;&nbsp; 147261 |
| Monro, Inc.  | 6867 | &nbsp;&nbsp;&nbsp; 110147 |
| National Vision Holdings, Inc. (a) | 25427 | &nbsp;&nbsp;&nbsp; 658559 |
| Outdoor Holding Co. (a) | 32143 | &nbsp;&nbsp;&nbsp; 64607 |
| Petco Health & Wellness Co., Inc. (a) | 28959 | &nbsp;&nbsp;&nbsp; 80506 |
| RealReal, Inc. (a) | 32897 | &nbsp;&nbsp;&nbsp; 298705 |
| Revolve Group, Inc. (a) | 13899 | &nbsp;&nbsp;&nbsp; 314256 |
| Sally Beauty Holdings, Inc. (a) (b) | 30237 | &nbsp;&nbsp;&nbsp; 418782 |
| Shoe Carnival, Inc. (b) | 6132 | &nbsp;&nbsp;&nbsp; 95598 |
| Signet Jewelers Ltd.  | 12550 | &nbsp;&nbsp;&nbsp; 1062232 |
| Sonic Automotive, Inc. - Class A | 5254 | &nbsp;&nbsp;&nbsp; 360267 |
| Stitch Fix, Inc. - Class A (a) | 36751 | &nbsp;&nbsp;&nbsp; 121646 |
| ThredUp, Inc. - Class A (a) | 19058 | &nbsp;&nbsp;&nbsp; 62510 |
| Upbound Group, Inc.  | 17251 | &nbsp;&nbsp;&nbsp; 311381 |
| Urban Outfitters, Inc. (a) | 20661 | &nbsp;&nbsp;&nbsp; 1308874 |
| Victoria's Secret & Co. (a) | 21948 | &nbsp;&nbsp;&nbsp; 1017509 |
| Warby Parker, Inc. - Class A (a) | 31715 | &nbsp;&nbsp;&nbsp; 668235 |
| Winmark Corp.  | 940 | &nbsp;&nbsp;&nbsp; 401897 |
| Zumiez, Inc. (a) | 4911 | &nbsp;&nbsp;&nbsp; 108828 |
|  |  | &nbsp;&nbsp;&nbsp; 17352241 |
| **Technology Hardware, Storage & Peripherals — 0.6%** | **Technology Hardware, Storage & Peripherals — 0.6%** | **Technology Hardware, Storage & Peripherals — 0.6%** |
| Corsair Gaming, Inc. (a) | 7522 | &nbsp;&nbsp;&nbsp; 41747 |
| Diebold Nixdorf, Inc. (a) | 7702 | &nbsp;&nbsp;&nbsp; 581039 |
| Eastman Kodak Co. (a) | 20419 | &nbsp;&nbsp;&nbsp; 184792 |
| GPGI, Inc. - Class A | 56377 | &nbsp;&nbsp;&nbsp; 964047 |
| Immersion Corp. (b) | 9256 | &nbsp;&nbsp;&nbsp; 50538 |
| IonQ, Inc. (a) (b) | 109907 | &nbsp;&nbsp;&nbsp; 3168619 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Technology Hardware, Storage & Peripherals—(Continued)** | **Technology Hardware, Storage & Peripherals—(Continued)** | **Technology Hardware, Storage & Peripherals—(Continued)** |
| Quantum Computing, Inc. (a) (b) | 65967 | &nbsp;&nbsp;&nbsp; $451874 |
| Turtle Beach Corp. (a) | 1238 | &nbsp;&nbsp;&nbsp; 12553 |
| Xerox Holdings Corp. (b) | 38925 | &nbsp;&nbsp;&nbsp; 50213 |
|  |  | &nbsp;&nbsp;&nbsp; 5505422 |
| **Textiles, Apparel & Luxury Goods — 0.5%** | **Textiles, Apparel & Luxury Goods — 0.5%** | **Textiles, Apparel & Luxury Goods — 0.5%** |
| Capri Holdings Ltd. (a) | 39531 | &nbsp;&nbsp;&nbsp; 696536 |
| Carter's, Inc.  | 11359 | &nbsp;&nbsp;&nbsp; 406198 |
| Ermenegildo Zegna NV (b) | 22908 | &nbsp;&nbsp;&nbsp; 238701 |
| Figs, Inc. - Class A (a) | 30924 | &nbsp;&nbsp;&nbsp; 456748 |
| G-III Apparel Group Ltd.  | 11927 | &nbsp;&nbsp;&nbsp; 330378 |
| Kontoor Brands, Inc.  | 17846 | &nbsp;&nbsp;&nbsp; 1254395 |
| Movado Group, Inc.  | 4696 | &nbsp;&nbsp;&nbsp; 114676 |
| Oxford Industries, Inc. (b) | 5343 | &nbsp;&nbsp;&nbsp; 205759 |
| Rocky Brands, Inc.  | 2393 | &nbsp;&nbsp;&nbsp; 92657 |
| Steven Madden Ltd.  | 22381 | &nbsp;&nbsp;&nbsp; 759164 |
| Wolverine World Wide, Inc.  | 25779 | &nbsp;&nbsp;&nbsp; 420713 |
|  |  | &nbsp;&nbsp;&nbsp; 4975925 |
| **Tobacco — 0.1%** | **Tobacco — 0.1%** | **Tobacco — 0.1%** |
| Turning Point Brands, Inc.  | 5840 | &nbsp;&nbsp;&nbsp; 506853 |
| Universal Corp.  | 7807 | &nbsp;&nbsp;&nbsp; 411429 |
|  |  | &nbsp;&nbsp;&nbsp; 918282 |
| **Trading Companies & Distributors — 1.0%** | **Trading Companies & Distributors — 1.0%** | **Trading Companies & Distributors — 1.0%** |
| BlueLinx Holdings, Inc. (a) | 2908 | &nbsp;&nbsp;&nbsp; 157555 |
| Boise Cascade Co.  | 11770 | &nbsp;&nbsp;&nbsp; 892755 |
| Custom Truck One Source, Inc. (a) | 19403 | &nbsp;&nbsp;&nbsp; 127478 |
| Distribution Solutions Group, Inc. (a) | 3388 | &nbsp;&nbsp;&nbsp; 88901 |
| DNOW, Inc. (a) | 56951 | &nbsp;&nbsp;&nbsp; 678286 |
| DXP Enterprises, Inc. (a) (b) | 4119 | &nbsp;&nbsp;&nbsp; 575548 |
| GATX Corp.  | 11321 | &nbsp;&nbsp;&nbsp; 1932948 |
| Global Industrial Co.  | 4971 | &nbsp;&nbsp;&nbsp; 156686 |
| Herc Holdings, Inc. (b) | 10615 | &nbsp;&nbsp;&nbsp; 1056723 |
| Hudson Technologies, Inc. (a) | 5108 | &nbsp;&nbsp;&nbsp; 30035 |
| Karat Packaging, Inc.  | 3249 | &nbsp;&nbsp;&nbsp; 90712 |
| McGrath RentCorp | 7879 | &nbsp;&nbsp;&nbsp; 868896 |
| NPK International, Inc. (a) | 23417 | &nbsp;&nbsp;&nbsp; 339312 |
| Rush Enterprises, Inc. - Class A | 19308 | &nbsp;&nbsp;&nbsp; 1276452 |
| Rush Enterprises, Inc. - Class B | 3214 | &nbsp;&nbsp;&nbsp; 206821 |
| Titan Machinery, Inc. (a) | 6828 | &nbsp;&nbsp;&nbsp; 114164 |
| Transcat, Inc. (a) | 3255 | &nbsp;&nbsp;&nbsp; 239080 |
| Willis Lease Finance Corp. (b) | 972 | &nbsp;&nbsp;&nbsp; 165493 |
| Xometry, Inc. - Class A (a) (b) | 14455 | &nbsp;&nbsp;&nbsp; 590342 |
|  |  | &nbsp;&nbsp;&nbsp; 9588187 |
| **Transportation Infrastructure — 0.0%** | **Transportation Infrastructure — 0.0%** | **Transportation Infrastructure — 0.0%** |
| Sky Harbour Group Corp. (a) (b) | 8295 | &nbsp;&nbsp;&nbsp; 79881 |
| **Water Utilities — 0.3%** | **Water Utilities — 0.3%** | **Water Utilities — 0.3%** |
| American States Water Co.  | 12562 | &nbsp;&nbsp;&nbsp; 949938 |
| Cadiz, Inc. (a) (b) | 17800 | &nbsp;&nbsp;&nbsp; 87398 |
| California Water Service Group | 19331 | &nbsp;&nbsp;&nbsp; 876468 |
| Consolidated Water Co. Ltd.  | 5040 | &nbsp;&nbsp;&nbsp; 166925 |
| H2O America (b) | 10789 | &nbsp;&nbsp;&nbsp; 632991 |
| Middlesex Water Co.  | 6337 | &nbsp;&nbsp;&nbsp; 329841 |

---

**BHFTII-224**

------

**Brighthouse Funds Trust II**

**MetLife Russell 2000 Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

**Securities Lending Reinvestments (g)—8.2%**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Water Utilities—(Continued)** | **Water Utilities—(Continued)** | **Water Utilities—(Continued)** |
| Pure Cycle Corp. (a) | 2304 | &nbsp;&nbsp;&nbsp; $23178 |
| York Water Co.  | 5110 | &nbsp;&nbsp;&nbsp; 155599 |
|  |  | &nbsp;&nbsp;&nbsp; 3222338 |
| **Wireless Telecommunication Services — 0.1%** | **Wireless Telecommunication Services — 0.1%** | **Wireless Telecommunication Services — 0.1%** |
| Gogo, Inc. (a) | 15238 | &nbsp;&nbsp;&nbsp; 61257 |
| Spok Holdings, Inc.  | 2588 | &nbsp;&nbsp;&nbsp; 28209 |
| Telephone & Data Systems, Inc.  | 31404 | &nbsp;&nbsp;&nbsp; 1322108 |
|  |  | &nbsp;&nbsp;&nbsp; 1411574 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $640,394,763) <br>|  | &nbsp;&nbsp;&nbsp; 925855897 |
| **Investment Companies—1.1%** | **Investment Companies—1.1%** | **Investment Companies—1.1%** |
| **Exchange-Traded Funds — 1.1%** | **Exchange-Traded Funds — 1.1%** | **Exchange-Traded Funds — 1.1%** |
| iShares Russell 2000 ETF (b) | 41200 | &nbsp;&nbsp;&nbsp; 10217600 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $5,530,882) <br>|  | &nbsp;&nbsp;&nbsp; 10217600 |
| **Rights—0.0%** | **Rights—0.0%** | **Rights—0.0%** |
| **Biotechnology — 0.0%** | **Biotechnology — 0.0%** | **Biotechnology — 0.0%** |
| Akero Therapeutics, Inc., Expires 06/30/31 (a) | 23693 | &nbsp;&nbsp;&nbsp; 15400 |
| Cartesian Therapeutics, Inc. (a) (b) (d) (e) | 39548 | &nbsp;&nbsp;&nbsp; 5395 |
| Chinook Therapeutics, Inc. (a) (d) (e) | 19453 | &nbsp;&nbsp;&nbsp; 0 |
| Icosavax, Inc. (a) (d) (e) | 9579 | &nbsp;&nbsp;&nbsp; 2970 |
| Tobira Therapeutics, Inc. (a) (d) (e) | 4660 | &nbsp;&nbsp;&nbsp; 37094 |
|  |  | &nbsp;&nbsp;&nbsp; 60859 |
| **Electronic Equipment, Instruments & Components — 0.0%** | **Electronic Equipment, Instruments & Components — 0.0%** | **Electronic Equipment, Instruments & Components — 0.0%** |
| M-Tron Industries, Inc., Expires 04/15/26 (a) | 943 | &nbsp;&nbsp;&nbsp; 1980 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Rights <br>(Cost $24,872) <br>|  | &nbsp;&nbsp;&nbsp; 62839 |
| **Warrants—0.0%** | **Warrants—0.0%** | **Warrants—0.0%** |
| **Energy Equipment & Services — 0.0%** | **Energy Equipment & Services — 0.0%** | **Energy Equipment & Services — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Nabors Industries Ltd., Expires 06/11/26 (a) <br>(Cost $0)<br>| 882 | &nbsp;&nbsp;&nbsp; 342 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—2.0%** | **Short-Term Investments—2.0%** | **Short-Term Investments—2.0%** |
| **Discount Note—0.1%** | **Discount Note—0.1%** | **Discount Note—0.1%** |
| Federal Home Loan Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 04/01/26 (f) | 850000 | &nbsp;&nbsp;&nbsp; 849915 |
| **U.S. Treasury—1.9%** | **U.S. Treasury—1.9%** | **U.S. Treasury—1.9%** |
| U.S. Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.631%, 04/16/26 (f) | 18770000 | &nbsp;&nbsp;&nbsp; 18741642 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $19,591,603) <br>|  | &nbsp;&nbsp;&nbsp; 19591557 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Short-Term Investment Funds—1.2%** | **Short-Term Investment Funds—1.2%** | **Short-Term Investment Funds—1.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds FedFund, <br>Institutional Shares 3.550% (h)<br>| 2000000 | &nbsp;&nbsp;&nbsp; $2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (h)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Government Portfolio, <br>Class I 3.530% (h)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br>Institutional Shares 3.530% (h)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco STIT-Government & Agency Portfolio, <br>Institutional Class 3.580% (h)<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
|  |  | &nbsp;&nbsp;&nbsp; 11000000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Certificates of Deposit—0.3%** | **Certificates of Deposit—0.3%** | **Certificates of Deposit—0.3%** |
| Commonwealth Bank of Australia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 04/13/26 (i) | 1000000 | &nbsp;&nbsp;&nbsp; 1000040 |
| Mitsubishi UFJ Trust & Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/12/26 | 800000 | &nbsp;&nbsp;&nbsp; 793784 |
| Mizuho Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, SOFR + 0.220%, 04/10/26 (i) | 1000000 | &nbsp;&nbsp;&nbsp; 999981 |
|  |  | &nbsp;&nbsp;&nbsp; 2793805 |
| **Commercial Paper—0.1%** | **Commercial Paper—0.1%** | **Commercial Paper—0.1%** |
| Verto Capital I-A LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 04/24/26 | 1000000 | &nbsp;&nbsp;&nbsp; 997418 |
| **Repurchase Agreements—6.1%** | **Repurchase Agreements—6.1%** | **Repurchase Agreements—6.1%** |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $12,001,217; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 0.000% - 5.000%, maturity dates ranging from <br> 06/30/26 - 02/15/54, and an aggregate market value of <br> $12,240,001<br>| 12000000 | &nbsp;&nbsp;&nbsp; 12000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.700%, due on <br> 04/01/26 with a maturity value of $1,000,103; collateralized <br> by various Common Stock with an aggregate market value of <br> $1,112,281<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.770%, due on <br> 04/01/26 with a maturity value of $9,100,953; collateralized <br> by various Common Stock with an aggregate market value of <br> $10,121,757<br>| 9100000 | &nbsp;&nbsp;&nbsp; 9100000 |
| Citigroup Global Markets, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.690%, due on <br> 04/01/26 with a maturity value of $5,000,512; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.125% - <br> 6.125%, maturity dates ranging from 06/15/27 - 02/15/32, <br> and various Common Stock with an aggregate market value of <br> $5,100,066<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 4.130%, due on <br> 10/02/26 with a maturity value of $6,127,342; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.125% - <br> 6.125%, maturity dates ranging from 06/15/27 - 02/15/32, <br> and various Common Stock with an aggregate market value of <br> $6,120,079<br>| 6000000 | &nbsp;&nbsp;&nbsp; 6000000 |
| National Bank Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $6,000,630; collateralized <br> by various Common Stock with an aggregate market value of <br> $6,687,772<br>| 6000000 | &nbsp;&nbsp;&nbsp; 6000000 |

---

**BHFTII-225**

------

**Brighthouse Funds Trust II**

**MetLife Russell 2000 Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Securities Lending Reinvestments (g)—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** |
| National Bank Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $2,000,210; collateralized <br> by U.S. Treasury Bond at 3.875%, maturing 02/15/43, and <br> various Common Stock with an aggregate market value of <br> $2,221,965<br>| 2000000 | &nbsp;&nbsp;&nbsp; $2000000 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $4,000,420; collateralized <br> by various Common Stock with an aggregate market value of <br> $4,458,515<br>| 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.800%, due on <br> 04/07/26 with a maturity value of $7,005,172; collateralized <br> by U.S. Treasury Obligations with rates ranging from 3.750% - <br> 4.250%, maturity dates ranging from 05/15/28 - 08/15/35, <br> and various Common Stock with an aggregate market value of <br> $7,476,779<br>| 7000000 | &nbsp;&nbsp;&nbsp; 7000000 |
| NatWest Markets Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $2,398,203; collateralized <br> by U.S. Treasury Obligations with rates ranging from 1.125% - <br> 4.875%, maturity dates ranging from 09/15/26 - 08/15/35, <br> and an aggregate market value of $2,446,167<br>| 2397959 | &nbsp;&nbsp;&nbsp; 2397959 |
| Royal Bank of Canada Toronto |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.910%, due on <br> 05/05/26 with a maturity value of $4,015,206; collateralized <br> by various Common Stock with an aggregate market value of <br> $4,444,927<br>| 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
|  |  | &nbsp;&nbsp;&nbsp; 58497959 |
| **Time Deposits—0.5%** | **Time Deposits—0.5%** | **Time Deposits—0.5%** |
| Credit Agricole CIB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.630%, 04/01/26 | 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| DZ Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.710%, OBFR + 0.070% 04/07/26 (i) | 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| Svenska NY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
|  |  | &nbsp;&nbsp;&nbsp; 5000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $78,289,321) <br>|  | &nbsp;&nbsp;&nbsp; 78289182 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—108.2% <br>(Cost $743,831,441) <br>|  | &nbsp;&nbsp;&nbsp; 1034017417 |
| Other assets and liabilities (net)—(8.2)%  |  | &nbsp;&nbsp;&nbsp; (78343098)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $955674319 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Principal amount stated in U.S. dollars unless otherwise noted.

(a) Non-income producing security.

(b) All or a portion of the security was held on loan. As of March 31, 2026, the market value of 

---

| | |
|:---|:---|
|  | securities loaned was $135,011,730 and the collateral received consisted of cash in the amount <br> of $78,280,841 and non-cash collateral with a value of $54,365,292. The cash collateral <br> investments are disclosed in the Schedule of Investments and categorized as Securities Lending <br> Reinvestments. The non-cash collateral received consists of U.S. government securities that are <br> held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or <br> repledged by the Portfolio.<br>|
| (c) | All or a portion of the security was pledged as collateral against open futures contracts. As of <br> March 31, 2026, the market value of securities pledged was $5,110,563.<br>|
| (d) | Security was valued in good faith under procedures subject to oversight by the Board of Trustees. <br> As of March 31, 2026, these securities represent 0.1% of net assets.<br>|
| (e) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. |
| (f) | The rate shown represents current yield to maturity. |
| (g) | Represents investment of cash collateral received from securities on loan as of March 31, 2026. |
| (h) | The rate shown represents the annualized seven-day yield as of March 31, 2026. |
| (i) | Variable or floating rate security. The stated rate represents the rate at March 31, 2026. Maturity <br> date shown for callable securities reflects the earliest possible call date. For securities based on a <br> published reference index and spread, the index and spread are indicated in the description <br> above. For certain variable rate securities, the coupon rate is determined by the issuer/agent <br> based on current market conditions. For certain asset- and mortgage-backed securities, the <br> coupon rate may fluctuate based on changes of the underlying collateral or prepayments of <br> principal. These securities do not indicate a reference index and spread in their description above.<br>|

---

**BHFTII-226**

------

**Brighthouse Funds Trust II**

**MetLife Russell 2000 Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Investments in Derivative Instruments**

**Futures Contracts** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Long** | **Expiration** <br>**Date**<br>| **Number of** <br>**Contracts**<br>| **Notional** <br>**Value** | **Notional** <br>**Value** | **Value/** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| Russell 2000 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 161 | USD | 20223210 | &nbsp;&nbsp;&nbsp; $(395910)<br>|

---

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aerospace & Defense | &nbsp;&nbsp;&nbsp; $18952725 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $18952725 |
| &nbsp;&nbsp;&nbsp;&nbsp; Air Freight & Logistics | &nbsp;&nbsp;&nbsp; 872529 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 872529 |
| &nbsp;&nbsp;&nbsp;&nbsp; Automobile Components | &nbsp;&nbsp;&nbsp; 9983053 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9983053 |
| &nbsp;&nbsp;&nbsp;&nbsp; Automobiles | &nbsp;&nbsp;&nbsp; 276710 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 276710 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banks | &nbsp;&nbsp;&nbsp; 91672504 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 91672504 |
| &nbsp;&nbsp;&nbsp;&nbsp; Beverages | &nbsp;&nbsp;&nbsp; 1119061 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1119061 |
| &nbsp;&nbsp;&nbsp;&nbsp; Biotechnology | &nbsp;&nbsp;&nbsp; 85995098 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 85995098 |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadline Retail | &nbsp;&nbsp;&nbsp; 592331 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 592331 |
| &nbsp;&nbsp;&nbsp;&nbsp; Building Products | &nbsp;&nbsp;&nbsp; 14436348 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14436348 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp;&nbsp; 15821035 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15821035 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp;&nbsp; 15174375 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15174375 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Services & Supplies | &nbsp;&nbsp;&nbsp; 12361941 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12361941 |
| &nbsp;&nbsp;&nbsp;&nbsp; Communications Equipment | &nbsp;&nbsp;&nbsp; 11290530 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11290530 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction & Engineering | &nbsp;&nbsp;&nbsp; 26002710 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26002710 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction Materials | &nbsp;&nbsp;&nbsp; 2060046 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2060046 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Finance | &nbsp;&nbsp;&nbsp; 9160971 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9160971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples Distribution & Retail | &nbsp;&nbsp;&nbsp; 4659626 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4659626 |
| &nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | &nbsp;&nbsp;&nbsp; 1983589 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1983589 |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributors | &nbsp;&nbsp;&nbsp; 690064 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 690064 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Consumer Services | &nbsp;&nbsp;&nbsp; 10981634 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10981634 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified REITs | &nbsp;&nbsp;&nbsp; 4487663 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4487663 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Telecommunication Services | &nbsp;&nbsp;&nbsp; 5237360 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5237360 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | &nbsp;&nbsp;&nbsp; 8494828 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8494828 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | &nbsp;&nbsp;&nbsp; 27773700 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 27773700 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronic Equipment, Instruments & Components | &nbsp;&nbsp;&nbsp; 34257910 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 34257910 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy Equipment & Services | &nbsp;&nbsp;&nbsp; 24146406 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 24146406 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp;&nbsp; 5077001 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5077001 |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial Services | &nbsp;&nbsp;&nbsp; 18276832 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 18276832 |
| &nbsp;&nbsp;&nbsp;&nbsp; Food Products | &nbsp;&nbsp;&nbsp; 5610656 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5610656 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gas Utilities | &nbsp;&nbsp;&nbsp; 10163545 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10163545 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ground Transportation | &nbsp;&nbsp;&nbsp; 2701033 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2701033 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Equipment & Supplies | &nbsp;&nbsp;&nbsp; 21789014 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21789014 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Providers & Services | &nbsp;&nbsp;&nbsp; 28222817 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 28222817 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care REITs | &nbsp;&nbsp;&nbsp; 9888140 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9888140 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Technology | &nbsp;&nbsp;&nbsp; 2095594 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2095594 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hotel & Resort REITs | &nbsp;&nbsp;&nbsp; 5122093 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5122093 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure | &nbsp;&nbsp;&nbsp; 14481965 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14481965 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Durables | &nbsp;&nbsp;&nbsp; 14517860 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14517860 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Products | &nbsp;&nbsp;&nbsp; 2605092 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2605092 |
| &nbsp;&nbsp;&nbsp;&nbsp; Independent Power and Renewable Electricity Producers | &nbsp;&nbsp;&nbsp; 2339157 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2339157 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial Conglomerates | &nbsp;&nbsp;&nbsp; 246729 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 246729 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial REITs | &nbsp;&nbsp;&nbsp; 3506909 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3506909 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp;&nbsp; 16808597 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16808597 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interactive Media & Services | &nbsp;&nbsp;&nbsp; 3520581 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3520581 |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp;&nbsp; 6644423 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6644423 |
| &nbsp;&nbsp;&nbsp;&nbsp; Leisure Products | &nbsp;&nbsp;&nbsp; 3778779 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3778779 |
| &nbsp;&nbsp;&nbsp;&nbsp; Life Sciences Tools & Services | &nbsp;&nbsp;&nbsp; 3346664 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 3346664 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | &nbsp;&nbsp;&nbsp; 36245369 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 36245369 |

---

**BHFTII-227**

------

**Brighthouse Funds Trust II**

**MetLife Russell 2000 Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Fair Value Hierarchy — (Continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| &nbsp;&nbsp;&nbsp;&nbsp; Marine Transportation | &nbsp;&nbsp;&nbsp; $2374029 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $2374029 |
| &nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp;&nbsp; 8152551 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8152551 |
| &nbsp;&nbsp;&nbsp;&nbsp; Metals & Mining | &nbsp;&nbsp;&nbsp; 25875437 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25875437 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage Real Estate Investment Trusts | &nbsp;&nbsp;&nbsp; 7240336 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7240336 |
| &nbsp;&nbsp;&nbsp;&nbsp; Multi-Utilities | &nbsp;&nbsp;&nbsp; 4269196 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4269196 |
| &nbsp;&nbsp;&nbsp;&nbsp; Office REITs | &nbsp;&nbsp;&nbsp; 4156755 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4156755 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas & Consumable Fuels | &nbsp;&nbsp;&nbsp; 38192886 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 38192886 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paper & Forest Products | &nbsp;&nbsp;&nbsp; 617936 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 617936 |
| &nbsp;&nbsp;&nbsp;&nbsp; Passenger Airlines | &nbsp;&nbsp;&nbsp; 3872725 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3872725 |
| &nbsp;&nbsp;&nbsp;&nbsp; Personal Care Products | &nbsp;&nbsp;&nbsp; 1835846 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1835846 |
| &nbsp;&nbsp;&nbsp;&nbsp; Personal Care Products | &nbsp;&nbsp;&nbsp; 77316 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 77316 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals | &nbsp;&nbsp;&nbsp; 22809657 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 22809657 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional Services | &nbsp;&nbsp;&nbsp; 12972819 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12972819 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Management & Development | &nbsp;&nbsp;&nbsp; 5323578 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5323578 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential REITs | &nbsp;&nbsp;&nbsp; 2477134 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2477134 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail REITs | &nbsp;&nbsp;&nbsp; 11074701 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11074701 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | &nbsp;&nbsp;&nbsp; 31951875 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 31951875 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp; 40530077 | &nbsp;&nbsp;&nbsp; 482111 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 41012188 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialized REITs | &nbsp;&nbsp;&nbsp; 3041485 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3041485 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Retail | &nbsp;&nbsp;&nbsp; 17352241 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 17352241 |
| &nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware, Storage & Peripherals | &nbsp;&nbsp;&nbsp; 5505422 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5505422 |
| &nbsp;&nbsp;&nbsp;&nbsp; Textiles, Apparel & Luxury Goods | &nbsp;&nbsp;&nbsp; 4975925 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4975925 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tobacco | &nbsp;&nbsp;&nbsp; 918282 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 918282 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trading Companies & Distributors | &nbsp;&nbsp;&nbsp; 9588187 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9588187 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transportation Infrastructure | &nbsp;&nbsp;&nbsp; 79881 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 79881 |
| &nbsp;&nbsp;&nbsp;&nbsp; Water Utilities | &nbsp;&nbsp;&nbsp; 3222338 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3222338 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wireless Telecommunication Services | &nbsp;&nbsp;&nbsp; 1411574 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1411574 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 925373786 | &nbsp;&nbsp;&nbsp; 482111 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 925855897 |
| Total Investment Companies\* | &nbsp;&nbsp;&nbsp; 10217600 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10217600 |
| Rights |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Biotechnology | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15400 | &nbsp;&nbsp;&nbsp; 45459 | &nbsp;&nbsp;&nbsp; 60859 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronic Equipment, Instruments & Components | &nbsp;&nbsp;&nbsp; 1980 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1980 |
| Total Rights | &nbsp;&nbsp;&nbsp; 1980 | &nbsp;&nbsp;&nbsp; 15400 | &nbsp;&nbsp;&nbsp; 45459 | &nbsp;&nbsp;&nbsp; 62839 |
| Total Warrants\* | &nbsp;&nbsp;&nbsp; 342 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 342 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19591557 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19591557 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 11000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificates of Deposit | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2793805 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2793805 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 997418 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 997418 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 58497959 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 58497959 |
| &nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5000000 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 11000000 | &nbsp;&nbsp;&nbsp; 67289182 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 78289182 |
| Total Investments | &nbsp;&nbsp;&nbsp; $946593708 | &nbsp;&nbsp;&nbsp; $87378250 | &nbsp;&nbsp;&nbsp; $45459 | &nbsp;&nbsp;&nbsp; $1034017417 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(78280841)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(78280841)<br>|
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; $(395910)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(395910)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended March 31, 2026 is not presented.

During the period ended March 31, 2026, a transfer into Level 3 in the amount of $2,969 were due to no vendors or brokers providing prices based on market indications which resulted in a lack of significant observable inputs.

**BHFTII-228**

------

**Brighthouse Funds Trust II**

**MetLife Stock Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—98.3% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Aerospace & Defense — 2.3%** | **Aerospace & Defense — 2.3%** | **Aerospace & Defense — 2.3%** |
| Axon Enterprise, Inc. (a) (b) | 12026 | &nbsp;&nbsp;&nbsp; $5107322 |
| Boeing Co. (b) | 119687 | &nbsp;&nbsp;&nbsp; 23821304 |
| General Dynamics Corp.  | 38677 | &nbsp;&nbsp;&nbsp; 13274720 |
| General Electric Co.  | 159839 | &nbsp;&nbsp;&nbsp; 45357513 |
| Howmet Aerospace, Inc. (a) | 61103 | &nbsp;&nbsp;&nbsp; 14081797 |
| Huntington Ingalls Industries, Inc.  | 5981 | &nbsp;&nbsp;&nbsp; 2272182 |
| L3Harris Technologies, Inc.  | 28465 | &nbsp;&nbsp;&nbsp; 9824695 |
| Lockheed Martin Corp.  | 30857 | &nbsp;&nbsp;&nbsp; 18649662 |
| Northrop Grumman Corp.  | 20331 | &nbsp;&nbsp;&nbsp; 13870621 |
| RTX Corp.  | 204564 | &nbsp;&nbsp;&nbsp; 39460396 |
| Textron, Inc.  | 26542 | &nbsp;&nbsp;&nbsp; 2324017 |
| TransDigm Group, Inc. (a) | 8607 | &nbsp;&nbsp;&nbsp; 9975169 |
|  |  | &nbsp;&nbsp;&nbsp; 198019398 |
| **Air Freight & Logistics — 0.3%** | **Air Freight & Logistics — 0.3%** | **Air Freight & Logistics — 0.3%** |
| CH Robinson Worldwide, Inc. (a) | 18077 | &nbsp;&nbsp;&nbsp; 3002047 |
| Expeditors International of Washington, Inc.  | 20424 | &nbsp;&nbsp;&nbsp; 2925330 |
| FedEx Corp.  | 32966 | &nbsp;&nbsp;&nbsp; 11741830 |
| United Parcel Service, Inc. - Class B | 112622 | &nbsp;&nbsp;&nbsp; 11079752 |
|  |  | &nbsp;&nbsp;&nbsp; 28748959 |
| **Automobile Components — 0.0%** | **Automobile Components — 0.0%** | **Automobile Components — 0.0%** |
| Aptiv PLC (b) | 32422 | &nbsp;&nbsp;&nbsp; 2251384 |
| **Automobiles — 2.0%** | **Automobiles — 2.0%** | **Automobiles — 2.0%** |
| Ford Motor Co.  | 597198 | &nbsp;&nbsp;&nbsp; 6891665 |
| General Motors Co.  | 137764 | &nbsp;&nbsp;&nbsp; 10263418 |
| Tesla, Inc. (b) | 428616 | &nbsp;&nbsp;&nbsp; 159337998 |
|  |  | &nbsp;&nbsp;&nbsp; 176493081 |
| **Banks — 3.4%** | **Banks — 3.4%** | **Banks — 3.4%** |
| Bank of America Corp.  | 1011245 | &nbsp;&nbsp;&nbsp; 49298194 |
| Citigroup, Inc. (a) | 266319 | &nbsp;&nbsp;&nbsp; 30203238 |
| Citizens Financial Group, Inc.  | 64767 | &nbsp;&nbsp;&nbsp; 3884077 |
| Fifth Third Bancorp (a) | 137167 | &nbsp;&nbsp;&nbsp; 6372779 |
| Huntington Bancshares, Inc. (a) | 309340 | &nbsp;&nbsp;&nbsp; 4841171 |
| JPMorgan Chase & Co.  | 410901 | &nbsp;&nbsp;&nbsp; 120870638 |
| KeyCorp | 142805 | &nbsp;&nbsp;&nbsp; 2863240 |
| M&T Bank Corp. (a) | 23140 | &nbsp;&nbsp;&nbsp; 4783501 |
| PNC Financial Services Group, Inc.  | 61554 | &nbsp;&nbsp;&nbsp; 12808772 |
| Regions Financial Corp.  | 132283 | &nbsp;&nbsp;&nbsp; 3455232 |
| Truist Financial Corp. (a) | 192400 | &nbsp;&nbsp;&nbsp; 8844628 |
| U.S. Bancorp | 236895 | &nbsp;&nbsp;&nbsp; 12320909 |
| Wells Fargo & Co.  | 471312 | &nbsp;&nbsp;&nbsp; 37521148 |
|  |  | &nbsp;&nbsp;&nbsp; 298067527 |
| **Beverages — 1.1%** | **Beverages — 1.1%** | **Beverages — 1.1%** |
| Brown-Forman Corp. - Class B (a) | 26039 | &nbsp;&nbsp;&nbsp; 688471 |
| Coca-Cola Co.  | 590008 | &nbsp;&nbsp;&nbsp; 44870109 |
| Constellation Brands, Inc. - Class A | 21403 | &nbsp;&nbsp;&nbsp; 3210450 |
| Keurig Dr. Pepper, Inc.  | 207048 | &nbsp;&nbsp;&nbsp; 5451574 |
| Molson Coors Beverage Co. - Class B (a) | 25802 | &nbsp;&nbsp;&nbsp; 1111034 |
| Monster Beverage Corp. (b) | 108695 | &nbsp;&nbsp;&nbsp; 7876040 |
| PepsiCo, Inc.  | 208277 | &nbsp;&nbsp;&nbsp; 32343335 |
|  |  | &nbsp;&nbsp;&nbsp; 95551013 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Biotechnology — 1.8%** | **Biotechnology — 1.8%** | **Biotechnology — 1.8%** |
| AbbVie, Inc.  | 269349 | &nbsp;&nbsp;&nbsp; $58580714 |
| Amgen, Inc.  | 82065 | &nbsp;&nbsp;&nbsp; 28874570 |
| Biogen, Inc. (b) | 22366 | &nbsp;&nbsp;&nbsp; 4100359 |
| Gilead Sciences, Inc. (a) | 189079 | &nbsp;&nbsp;&nbsp; 26351940 |
| Incyte Corp. (b) | 25476 | &nbsp;&nbsp;&nbsp; 2397801 |
| Moderna, Inc. (a) (b) | 52997 | &nbsp;&nbsp;&nbsp; 2692248 |
| Regeneron Pharmaceuticals, Inc.  | 15363 | &nbsp;&nbsp;&nbsp; 11870068 |
| Vertex Pharmaceuticals, Inc. (b) | 38710 | &nbsp;&nbsp;&nbsp; 17285564 |
|  |  | &nbsp;&nbsp;&nbsp; 152153264 |
| **Broadline Retail — 3.7%** | **Broadline Retail — 3.7%** | **Broadline Retail — 3.7%** |
| Amazon.com, Inc. (b) | 1488762 | &nbsp;&nbsp;&nbsp; 310064462 |
| eBay, Inc. (a) | 68884 | &nbsp;&nbsp;&nbsp; 6269821 |
|  |  | &nbsp;&nbsp;&nbsp; 316334283 |
| **Building Products — 0.5%** | **Building Products — 0.5%** | **Building Products — 0.5%** |
| A.O. Smith Corp.  | 17133 | &nbsp;&nbsp;&nbsp; 1129750 |
| Allegion PLC | 13111 | &nbsp;&nbsp;&nbsp; 1904897 |
| Builders FirstSource, Inc. (a) (b) | 16852 | &nbsp;&nbsp;&nbsp; 1387425 |
| Carrier Global Corp.  | 119739 | &nbsp;&nbsp;&nbsp; 6742503 |
| Johnson Controls International PLC | 93278 | &nbsp;&nbsp;&nbsp; 12214754 |
| Lennox International, Inc. (a) | 4864 | &nbsp;&nbsp;&nbsp; 2257529 |
| Masco Corp. (a) | 31029 | &nbsp;&nbsp;&nbsp; 1873221 |
| Trane Technologies PLC | 33731 | &nbsp;&nbsp;&nbsp; 14057057 |
|  |  | &nbsp;&nbsp;&nbsp; 41567136 |
| **Capital Markets — 3.2%** | **Capital Markets — 3.2%** | **Capital Markets — 3.2%** |
| Ameriprise Financial, Inc.  | 13914 | &nbsp;&nbsp;&nbsp; 6183382 |
| ARES Management Corp. - Class A | 31395 | &nbsp;&nbsp;&nbsp; 3425195 |
| Bank of New York Mellon Corp. (a) | 104887 | &nbsp;&nbsp;&nbsp; 12442745 |
| Blackrock, Inc.  | 21990 | &nbsp;&nbsp;&nbsp; 21148003 |
| Blackstone, Inc.  | 114100 | &nbsp;&nbsp;&nbsp; 13120359 |
| Cboe Global Markets, Inc.  | 15948 | &nbsp;&nbsp;&nbsp; 4482504 |
| Charles Schwab Corp.  | 254556 | &nbsp;&nbsp;&nbsp; 23923173 |
| CME Group, Inc.  | 54955 | &nbsp;&nbsp;&nbsp; 16230959 |
| Coinbase Global, Inc. - Class A (a) (b) | 33991 | &nbsp;&nbsp;&nbsp; 5935169 |
| FactSet Research Systems, Inc.  | 5654 | &nbsp;&nbsp;&nbsp; 1226861 |
| Franklin Resources, Inc. (a) | 46824 | &nbsp;&nbsp;&nbsp; 1105983 |
| Goldman Sachs Group, Inc.  | 45709 | &nbsp;&nbsp;&nbsp; 38669357 |
| Interactive Brokers Group, Inc. - Class A | 67873 | &nbsp;&nbsp;&nbsp; 4552242 |
| Intercontinental Exchange, Inc.  | 86547 | &nbsp;&nbsp;&nbsp; 13612112 |
| Invesco Ltd.  | 67665 | &nbsp;&nbsp;&nbsp; 1643583 |
| KKR & Co., Inc.  | 104610 | &nbsp;&nbsp;&nbsp; 9676425 |
| Moody's Corp.  | 23382 | &nbsp;&nbsp;&nbsp; 10200397 |
| Morgan Stanley | 183349 | &nbsp;&nbsp;&nbsp; 30173745 |
| MSCI, Inc.  | 11198 | &nbsp;&nbsp;&nbsp; 6035834 |
| Nasdaq, Inc.  | 68438 | &nbsp;&nbsp;&nbsp; 5809702 |
| Northern Trust Corp.  | 28397 | &nbsp;&nbsp;&nbsp; 3963369 |
| Raymond James Financial, Inc.  | 26732 | &nbsp;&nbsp;&nbsp; 3870526 |
| Robinhood Markets, Inc. - Class A (b) | 120446 | &nbsp;&nbsp;&nbsp; 8346908 |
| S&P Global, Inc.  | 46635 | &nbsp;&nbsp;&nbsp; 19835731 |
| State Street Corp.  | 42531 | &nbsp;&nbsp;&nbsp; 5382723 |
| T. Rowe Price Group, Inc. (a) | 33314 | &nbsp;&nbsp;&nbsp; 3002924 |
|  |  | &nbsp;&nbsp;&nbsp; 273999911 |

---

**BHFTII-229**

------

**Brighthouse Funds Trust II**

**MetLife Stock Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Chemicals — 1.2%** | **Chemicals — 1.2%** | **Chemicals — 1.2%** |
| Air Products & Chemicals, Inc.  | 33933 | &nbsp;&nbsp;&nbsp; $9857197 |
| Albemarle Corp.  | 17959 | &nbsp;&nbsp;&nbsp; 3224179 |
| CF Industries Holdings, Inc.  | 23770 | &nbsp;&nbsp;&nbsp; 3086297 |
| Corteva, Inc.  | 102492 | &nbsp;&nbsp;&nbsp; 8579605 |
| Dow, Inc.  | 109352 | &nbsp;&nbsp;&nbsp; 4554511 |
| DuPont de Nemours, Inc.  | 62361 | &nbsp;&nbsp;&nbsp; 2856134 |
| Ecolab, Inc. (a) | 38849 | &nbsp;&nbsp;&nbsp; 10334611 |
| International Flavors & Fragrances, Inc. (a) | 39029 | &nbsp;&nbsp;&nbsp; 2831554 |
| Linde PLC (a) | 71163 | &nbsp;&nbsp;&nbsp; 35279769 |
| LyondellBasell Industries NV - Class A | 39242 | &nbsp;&nbsp;&nbsp; 3161336 |
| Mosaic Co.  | 48372 | &nbsp;&nbsp;&nbsp; 1233486 |
| PPG Industries, Inc.  | 34198 | &nbsp;&nbsp;&nbsp; 3655082 |
| Sherwin-Williams Co.  | 35135 | &nbsp;&nbsp;&nbsp; 11262524 |
|  |  | &nbsp;&nbsp;&nbsp; 99916285 |
| **Commercial Services & Supplies — 0.4%** | **Commercial Services & Supplies — 0.4%** | **Commercial Services & Supplies — 0.4%** |
| Cintas Corp.  | 51801 | &nbsp;&nbsp;&nbsp; 8761621 |
| Copart, Inc. (b) | 135723 | &nbsp;&nbsp;&nbsp; 4506004 |
| Republic Services, Inc.  | 30665 | &nbsp;&nbsp;&nbsp; 6716248 |
| Rollins, Inc. (a) | 44724 | &nbsp;&nbsp;&nbsp; 2388709 |
| Veralto Corp.  | 37840 | &nbsp;&nbsp;&nbsp; 3345813 |
| Waste Management, Inc.  | 56551 | &nbsp;&nbsp;&nbsp; 12994854 |
|  |  | &nbsp;&nbsp;&nbsp; 38713249 |
| **Communications Equipment — 1.1%** | **Communications Equipment — 1.1%** | **Communications Equipment — 1.1%** |
| Arista Networks, Inc. (b) | 157370 | &nbsp;&nbsp;&nbsp; 19321889 |
| Ciena Corp. (a) (b) | 21466 | &nbsp;&nbsp;&nbsp; 8333745 |
| Cisco Systems, Inc.  | 602147 | &nbsp;&nbsp;&nbsp; 46720586 |
| F5, Inc. (b) | 8613 | &nbsp;&nbsp;&nbsp; 2491999 |
| Lumentum Holdings, Inc. (a) (b) | 10882 | &nbsp;&nbsp;&nbsp; 7647434 |
| Motorola Solutions, Inc.  | 25247 | &nbsp;&nbsp;&nbsp; 10956441 |
|  |  | &nbsp;&nbsp;&nbsp; 95472094 |
| **Construction & Engineering — 0.3%** | **Construction & Engineering — 0.3%** | **Construction & Engineering — 0.3%** |
| Comfort Systems USA, Inc.  | 5364 | &nbsp;&nbsp;&nbsp; 7396902 |
| EMCOR Group, Inc.  | 6823 | &nbsp;&nbsp;&nbsp; 5037489 |
| Quanta Services, Inc.  | 22726 | &nbsp;&nbsp;&nbsp; 12477029 |
|  |  | &nbsp;&nbsp;&nbsp; 24911420 |
| **Construction Materials — 0.2%** | **Construction Materials — 0.2%** | **Construction Materials — 0.2%** |
| CRH PLC | 102149 | &nbsp;&nbsp;&nbsp; 10737903 |
| Martin Marietta Materials, Inc. (a) | 9191 | &nbsp;&nbsp;&nbsp; 5410558 |
| Vulcan Materials Co.  | 20137 | &nbsp;&nbsp;&nbsp; 5483305 |
|  |  | &nbsp;&nbsp;&nbsp; 21631766 |
| **Consumer Finance — 0.5%** | **Consumer Finance — 0.5%** | **Consumer Finance — 0.5%** |
| American Express Co.  | 81619 | &nbsp;&nbsp;&nbsp; 24688115 |
| Capital One Financial Corp.  | 95265 | &nbsp;&nbsp;&nbsp; 17379194 |
| Synchrony Financial | 52973 | &nbsp;&nbsp;&nbsp; 3603223 |
|  |  | &nbsp;&nbsp;&nbsp; 45670532 |
| **Consumer Staples Distribution & Retail — 2.0%** | **Consumer Staples Distribution & Retail — 2.0%** | **Consumer Staples Distribution & Retail — 2.0%** |
| Costco Wholesale Corp.  | 67646 | &nbsp;&nbsp;&nbsp; 67404504 |
| Dollar General Corp.  | 33546 | &nbsp;&nbsp;&nbsp; 3982917 |
| Dollar Tree, Inc. (b) | 28183 | &nbsp;&nbsp;&nbsp; 3086320 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Consumer Staples Distribution & Retail—(Continued)** | **Consumer Staples Distribution & Retail—(Continued)** | **Consumer Staples Distribution & Retail—(Continued)** |
| Kroger Co.  | 88730 | &nbsp;&nbsp;&nbsp; $6420503 |
| Sysco Corp.  | 72989 | &nbsp;&nbsp;&nbsp; 5206305 |
| Target Corp.  | 69007 | &nbsp;&nbsp;&nbsp; 8363648 |
| Walmart, Inc.  | 668059 | &nbsp;&nbsp;&nbsp; 83026373 |
|  |  | &nbsp;&nbsp;&nbsp; 177490570 |
| **Containers & Packaging — 0.2%** | **Containers & Packaging — 0.2%** | **Containers & Packaging — 0.2%** |
| Amcor PLC (a) | 70415 | &nbsp;&nbsp;&nbsp; 2798996 |
| Avery Dennison Corp.  | 11779 | &nbsp;&nbsp;&nbsp; 2033998 |
| Ball Corp.  | 40841 | &nbsp;&nbsp;&nbsp; 2414112 |
| International Paper Co. (a) | 80473 | &nbsp;&nbsp;&nbsp; 2872886 |
| Packaging Corp. of America | 13620 | &nbsp;&nbsp;&nbsp; 2890436 |
| Smurfit Westrock PLC (a) | 79613 | &nbsp;&nbsp;&nbsp; 3172578 |
|  |  | &nbsp;&nbsp;&nbsp; 16183006 |
| **Distributors — 0.0%** | **Distributors — 0.0%** | **Distributors — 0.0%** |
| Genuine Parts Co.  | 21200 | &nbsp;&nbsp;&nbsp; 2241900 |
| Pool Corp. (a) | 4995 | &nbsp;&nbsp;&nbsp; 1010638 |
|  |  | &nbsp;&nbsp;&nbsp; 3252538 |
| **Diversified Telecommunication Services — 0.9%** | **Diversified Telecommunication Services — 0.9%** | **Diversified Telecommunication Services — 0.9%** |
| AT&T, Inc.  | 1066888 | &nbsp;&nbsp;&nbsp; 30929083 |
| Comcast Corp. - Class A | 546872 | &nbsp;&nbsp;&nbsp; 15700695 |
| Verizon Communications, Inc.  | 642671 | &nbsp;&nbsp;&nbsp; 32262084 |
|  |  | &nbsp;&nbsp;&nbsp; 78891862 |
| **Electric Utilities — 1.6%** | **Electric Utilities — 1.6%** | **Electric Utilities — 1.6%** |
| Alliant Energy Corp. (a) | 39175 | &nbsp;&nbsp;&nbsp; 2811198 |
| American Electric Power Co., Inc.  | 82427 | &nbsp;&nbsp;&nbsp; 10804531 |
| Constellation Energy Corp.  | 47492 | &nbsp;&nbsp;&nbsp; 13262141 |
| Duke Energy Corp.  | 118515 | &nbsp;&nbsp;&nbsp; 15518354 |
| Edison International | 58641 | &nbsp;&nbsp;&nbsp; 4291349 |
| Entergy Corp. (a) | 68936 | &nbsp;&nbsp;&nbsp; 7745649 |
| Evergy, Inc.  | 35084 | &nbsp;&nbsp;&nbsp; 2874081 |
| Eversource Energy | 57178 | &nbsp;&nbsp;&nbsp; 3961292 |
| Exelon Corp.  | 155888 | &nbsp;&nbsp;&nbsp; 7641630 |
| FirstEnergy Corp. (a) | 79232 | &nbsp;&nbsp;&nbsp; 4013893 |
| NextEra Energy, Inc.  | 317389 | &nbsp;&nbsp;&nbsp; 29479090 |
| NRG Energy, Inc.  | 32366 | &nbsp;&nbsp;&nbsp; 4729967 |
| PG&E Corp.  | 334970 | &nbsp;&nbsp;&nbsp; 5885423 |
| Pinnacle West Capital Corp. (a) | 18240 | &nbsp;&nbsp;&nbsp; 1837680 |
| PPL Corp.  | 112736 | &nbsp;&nbsp;&nbsp; 4306515 |
| Southern Co.  | 167808 | &nbsp;&nbsp;&nbsp; 16196828 |
| Xcel Energy, Inc.  | 90150 | &nbsp;&nbsp;&nbsp; 7161516 |
|  |  | &nbsp;&nbsp;&nbsp; 142521137 |
| **Electrical Equipment — 1.2%** | **Electrical Equipment — 1.2%** | **Electrical Equipment — 1.2%** |
| AMETEK, Inc.  | 35083 | &nbsp;&nbsp;&nbsp; 7520392 |
| Eaton Corp. PLC (a) | 59192 | &nbsp;&nbsp;&nbsp; 21171203 |
| Emerson Electric Co.  | 85648 | &nbsp;&nbsp;&nbsp; 11221601 |
| GE Vernova, Inc.  | 41077 | &nbsp;&nbsp;&nbsp; 35856113 |
| Generac Holdings, Inc. (b) | 8942 | &nbsp;&nbsp;&nbsp; 1746641 |
| Hubbell, Inc. (a) | 8102 | &nbsp;&nbsp;&nbsp; 3975975 |
| Rockwell Automation, Inc. (a) | 17123 | &nbsp;&nbsp;&nbsp; 6145102 |

---

**BHFTII-230**

------

**Brighthouse Funds Trust II**

**MetLife Stock Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Electrical Equipment—(Continued)** | **Electrical Equipment—(Continued)** | **Electrical Equipment—(Continued)** |
| Vertiv Holdings Co. - Class A | 58301 | &nbsp;&nbsp;&nbsp; $14609065 |
|  |  | &nbsp;&nbsp;&nbsp; 102246092 |
| **Electronic Equipment, Instruments & Components — 0.9%** | **Electronic Equipment, Instruments & Components — 0.9%** | **Electronic Equipment, Instruments & Components — 0.9%** |
| Amphenol Corp. - Class A | 187332 | &nbsp;&nbsp;&nbsp; 23669398 |
| CDW Corp.  | 19841 | &nbsp;&nbsp;&nbsp; 2401158 |
| Coherent Corp. (b) | 28572 | &nbsp;&nbsp;&nbsp; 6806136 |
| Corning, Inc.  | 118983 | &nbsp;&nbsp;&nbsp; 16178118 |
| Jabil, Inc.  | 16093 | &nbsp;&nbsp;&nbsp; 4274784 |
| Keysight Technologies, Inc. (b) | 26139 | &nbsp;&nbsp;&nbsp; 7380869 |
| TE Connectivity PLC (a) | 44719 | &nbsp;&nbsp;&nbsp; 9347165 |
| Teledyne Technologies, Inc. (b) | 7156 | &nbsp;&nbsp;&nbsp; 4329452 |
| Zebra Technologies Corp. - Class A (b) | 7497 | &nbsp;&nbsp;&nbsp; 1567473 |
|  |  | &nbsp;&nbsp;&nbsp; 75954553 |
| **Energy Equipment & Services — 0.3%** | **Energy Equipment & Services — 0.3%** | **Energy Equipment & Services — 0.3%** |
| Baker Hughes Co.  | 150607 | &nbsp;&nbsp;&nbsp; 9194557 |
| Halliburton Co.  | 127642 | &nbsp;&nbsp;&nbsp; 4976762 |
| SLB Ltd.  | 227888 | &nbsp;&nbsp;&nbsp; 11711164 |
|  |  | &nbsp;&nbsp;&nbsp; 25882483 |
| **Entertainment — 1.3%** | **Entertainment — 1.3%** | **Entertainment — 1.3%** |
| Electronic Arts, Inc. (a) | 34325 | &nbsp;&nbsp;&nbsp; 6997838 |
| Live Nation Entertainment, Inc. (a) (b) | 24064 | &nbsp;&nbsp;&nbsp; 3670001 |
| Netflix, Inc. (b) | 643457 | &nbsp;&nbsp;&nbsp; 61868390 |
| Take-Two Interactive Software, Inc. (b) | 26527 | &nbsp;&nbsp;&nbsp; 5239082 |
| TKO Group Holdings, Inc. (a) | 10103 | &nbsp;&nbsp;&nbsp; 2037270 |
| Walt Disney Co.  | 269979 | &nbsp;&nbsp;&nbsp; 26020576 |
| Warner Bros Discovery, Inc. (b) | 377708 | &nbsp;&nbsp;&nbsp; 10371862 |
|  |  | &nbsp;&nbsp;&nbsp; 116205019 |
| **Financial Services — 3.6%** | **Financial Services — 3.6%** | **Financial Services — 3.6%** |
| Apollo Global Management, Inc. (a) | 70765 | &nbsp;&nbsp;&nbsp; 7884636 |
| Berkshire Hathaway, Inc. - Class B (b) | 279461 | &nbsp;&nbsp;&nbsp; 133917711 |
| Block, Inc. (a) (b) | 83464 | &nbsp;&nbsp;&nbsp; 5022864 |
| Corpay, Inc. (b) | 10662 | &nbsp;&nbsp;&nbsp; 3102535 |
| Fidelity National Information Services, Inc.  | 78920 | &nbsp;&nbsp;&nbsp; 3702137 |
| Fiserv, Inc. (b) | 81968 | &nbsp;&nbsp;&nbsp; 4573815 |
| Global Payments, Inc.  | 36267 | &nbsp;&nbsp;&nbsp; 2440769 |
| Jack Henry & Associates, Inc. (a) | 10998 | &nbsp;&nbsp;&nbsp; 1738124 |
| Mastercard, Inc. - Class A (a) | 124115 | &nbsp;&nbsp;&nbsp; 62015301 |
| PayPal Holdings, Inc.  | 140309 | &nbsp;&nbsp;&nbsp; 6346176 |
| Visa, Inc. - Class A (a) | 256199 | &nbsp;&nbsp;&nbsp; 77433586 |
|  |  | &nbsp;&nbsp;&nbsp; 308177654 |
| **Food Products — 0.4%** | **Food Products — 0.4%** | **Food Products — 0.4%** |
| Archer-Daniels-Midland Co.  | 73238 | &nbsp;&nbsp;&nbsp; 5323670 |
| Bunge Global SA | 20627 | &nbsp;&nbsp;&nbsp; 2623754 |
| Campbell's Co. (a) | 29987 | &nbsp;&nbsp;&nbsp; 667811 |
| Conagra Brands, Inc.  | 72903 | &nbsp;&nbsp;&nbsp; 1146035 |
| General Mills, Inc. (a) | 81317 | &nbsp;&nbsp;&nbsp; 3026619 |
| Hershey Co.  | 22581 | &nbsp;&nbsp;&nbsp; 4694364 |
| Hormel Foods Corp. (a) | 44433 | &nbsp;&nbsp;&nbsp; 1006408 |
| J.M. Smucker Co. (a) | 16260 | &nbsp;&nbsp;&nbsp; 1568114 |
| Kraft Heinz Co.  | 129890 | &nbsp;&nbsp;&nbsp; 2921226 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Food Products—(Continued)** | **Food Products—(Continued)** | **Food Products—(Continued)** |
| McCormick & Co., Inc.  | 38646 | &nbsp;&nbsp;&nbsp; $1949304 |
| Mondelez International, Inc. - Class A (a) | 195353 | &nbsp;&nbsp;&nbsp; 11260147 |
| Tyson Foods, Inc. - Class A | 42987 | &nbsp;&nbsp;&nbsp; 2754177 |
|  |  | &nbsp;&nbsp;&nbsp; 38941629 |
| **Gas Utilities — 0.1%** | **Gas Utilities — 0.1%** | **Gas Utilities — 0.1%** |
| Atmos Energy Corp.  | 25213 | &nbsp;&nbsp;&nbsp; 4657345 |
| **Ground Transportation — 0.9%** | **Ground Transportation — 0.9%** | **Ground Transportation — 0.9%** |
| CSX Corp.  | 283396 | &nbsp;&nbsp;&nbsp; 11633406 |
| JB Hunt Transport Services, Inc.  | 11389 | &nbsp;&nbsp;&nbsp; 2413329 |
| Norfolk Southern Corp.  | 34225 | &nbsp;&nbsp;&nbsp; 9822575 |
| Old Dominion Freight Line, Inc.  | 28042 | &nbsp;&nbsp;&nbsp; 5479407 |
| Uber Technologies, Inc. (b) | 313656 | &nbsp;&nbsp;&nbsp; 22561276 |
| Union Pacific Corp. (a) | 90433 | &nbsp;&nbsp;&nbsp; 21940854 |
|  |  | &nbsp;&nbsp;&nbsp; 73850847 |
| **Health Care Equipment & Supplies — 1.8%** | **Health Care Equipment & Supplies — 1.8%** | **Health Care Equipment & Supplies — 1.8%** |
| Abbott Laboratories | 265004 | &nbsp;&nbsp;&nbsp; 27207961 |
| Align Technology, Inc. (a) (b) | 10169 | &nbsp;&nbsp;&nbsp; 1743272 |
| Baxter International, Inc.  | 78408 | &nbsp;&nbsp;&nbsp; 1317254 |
| Becton Dickinson & Co.  | 43394 | &nbsp;&nbsp;&nbsp; 6822839 |
| Boston Scientific Corp. (b) | 226012 | &nbsp;&nbsp;&nbsp; 14182253 |
| Cooper Cos., Inc. (b) | 29867 | &nbsp;&nbsp;&nbsp; 2135491 |
| Dexcom, Inc. (b) | 58653 | &nbsp;&nbsp;&nbsp; 3683408 |
| Edwards Lifesciences Corp. (a) (b) | 88437 | &nbsp;&nbsp;&nbsp; 7082035 |
| GE HealthCare Technologies, Inc.  | 69456 | &nbsp;&nbsp;&nbsp; 4943878 |
| Hologic, Inc. (b) | 33919 | &nbsp;&nbsp;&nbsp; 2563937 |
| IDEXX Laboratories, Inc. (a) (b) | 12170 | &nbsp;&nbsp;&nbsp; 6838201 |
| Insulet Corp. (b) | 10721 | &nbsp;&nbsp;&nbsp; 2249695 |
| Intuitive Surgical, Inc. (b) | 54122 | &nbsp;&nbsp;&nbsp; 24949701 |
| Medtronic PLC | 195378 | &nbsp;&nbsp;&nbsp; 16929504 |
| ResMed, Inc. (a) | 22201 | &nbsp;&nbsp;&nbsp; 4983680 |
| Solventum Corp. (b) | 22468 | &nbsp;&nbsp;&nbsp; 1467160 |
| STERIS PLC | 14946 | &nbsp;&nbsp;&nbsp; 3305009 |
| Stryker Corp. (a) | 52490 | &nbsp;&nbsp;&nbsp; 17247689 |
| Zimmer Biomet Holdings, Inc. (a) | 30202 | &nbsp;&nbsp;&nbsp; 2730865 |
|  |  | &nbsp;&nbsp;&nbsp; 152383832 |
| **Health Care Providers & Services — 1.5%** | **Health Care Providers & Services — 1.5%** | **Health Care Providers & Services — 1.5%** |
| Cardinal Health, Inc. (a) | 35862 | &nbsp;&nbsp;&nbsp; 7577999 |
| Cencora, Inc. (a) | 29647 | &nbsp;&nbsp;&nbsp; 9313309 |
| Centene Corp. (b) | 71196 | &nbsp;&nbsp;&nbsp; 2330957 |
| Cigna Group | 40152 | &nbsp;&nbsp;&nbsp; 10710546 |
| CVS Health Corp.  | 193885 | &nbsp;&nbsp;&nbsp; 13924821 |
| DaVita, Inc. (a) (b) | 5090 | &nbsp;&nbsp;&nbsp; 782282 |
| Elevance Health, Inc.  | 33635 | &nbsp;&nbsp;&nbsp; 9846646 |
| HCA Healthcare, Inc. (a) | 23856 | &nbsp;&nbsp;&nbsp; 11289613 |
| Henry Schein, Inc. (a) (b) | 15250 | &nbsp;&nbsp;&nbsp; 1123925 |
| Humana, Inc.  | 18378 | &nbsp;&nbsp;&nbsp; 3186561 |
| Labcorp Holdings, Inc.  | 12634 | &nbsp;&nbsp;&nbsp; 3370878 |
| McKesson Corp.  | 18667 | &nbsp;&nbsp;&nbsp; 16153675 |
| Quest Diagnostics, Inc.  | 16764 | &nbsp;&nbsp;&nbsp; 3285409 |
| UnitedHealth Group, Inc.  | 138050 | &nbsp;&nbsp;&nbsp; 37354950 |

---

**BHFTII-231**

------

**Brighthouse Funds Trust II**

**MetLife Stock Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Health Care Providers & Services—(Continued)** | **Health Care Providers & Services—(Continued)** | **Health Care Providers & Services—(Continued)** |
| Universal Health Services, Inc. - Class B | 8417 | &nbsp;&nbsp;&nbsp; $1506390 |
|  |  | &nbsp;&nbsp;&nbsp; 131757961 |
| **Health Care REITs — 0.3%** | **Health Care REITs — 0.3%** | **Health Care REITs — 0.3%** |
| Alexandria Real Estate Equities, Inc. (a) | 23769 | &nbsp;&nbsp;&nbsp; 1103357 |
| Healthpeak Properties, Inc. (a) | 105924 | &nbsp;&nbsp;&nbsp; 1740331 |
| Ventas, Inc. (a) | 72384 | &nbsp;&nbsp;&nbsp; 5919564 |
| Welltower, Inc.  | 106337 | &nbsp;&nbsp;&nbsp; 21023888 |
|  |  | &nbsp;&nbsp;&nbsp; 29787140 |
| **Hotel & Resort REITs — 0.0%** | **Hotel & Resort REITs — 0.0%** | **Hotel & Resort REITs — 0.0%** |
| Host Hotels & Resorts, Inc.  | 97467 | &nbsp;&nbsp;&nbsp; 1867468 |
| **Hotels, Restaurants & Leisure — 1.8%** | **Hotels, Restaurants & Leisure — 1.8%** | **Hotels, Restaurants & Leisure — 1.8%** |
| Airbnb, Inc. - Class A (b) | 64552 | &nbsp;&nbsp;&nbsp; 8151627 |
| Booking Holdings, Inc.  | 4913 | &nbsp;&nbsp;&nbsp; 20685302 |
| Carnival Corp. (a) | 175281 | &nbsp;&nbsp;&nbsp; 4536272 |
| Chipotle Mexican Grill, Inc. (b) | 198489 | &nbsp;&nbsp;&nbsp; 6353633 |
| Darden Restaurants, Inc. (a) | 17547 | &nbsp;&nbsp;&nbsp; 3439914 |
| Domino's Pizza, Inc. (a) | 4737 | &nbsp;&nbsp;&nbsp; 1699588 |
| DoorDash, Inc. - Class A (a) (b) | 56971 | &nbsp;&nbsp;&nbsp; 8554196 |
| Expedia Group, Inc.  | 17832 | &nbsp;&nbsp;&nbsp; 4117230 |
| Hilton Worldwide Holdings, Inc.  | 34944 | &nbsp;&nbsp;&nbsp; 10625772 |
| Las Vegas Sands Corp.  | 46077 | &nbsp;&nbsp;&nbsp; 2482629 |
| Marriott International, Inc. - Class A | 33519 | &nbsp;&nbsp;&nbsp; 10963059 |
| McDonald's Corp.  | 108532 | &nbsp;&nbsp;&nbsp; 33730660 |
| MGM Resorts International (a) (b) | 29241 | &nbsp;&nbsp;&nbsp; 1082209 |
| Norwegian Cruise Line Holdings Ltd. (a) (b) | 69381 | &nbsp;&nbsp;&nbsp; 1297425 |
| Royal Caribbean Cruises Ltd. (a) | 38342 | &nbsp;&nbsp;&nbsp; 10550952 |
| Starbucks Corp. (a) | 173629 | &nbsp;&nbsp;&nbsp; 15555422 |
| Wynn Resorts Ltd. (a) | 12866 | &nbsp;&nbsp;&nbsp; 1306542 |
| Yum! Brands, Inc. (a) | 42314 | &nbsp;&nbsp;&nbsp; 6578981 |
|  |  | &nbsp;&nbsp;&nbsp; 151711413 |
| **Household Durables — 0.2%** | **Household Durables — 0.2%** | **Household Durables — 0.2%** |
| DR Horton, Inc.  | 41060 | &nbsp;&nbsp;&nbsp; 5634253 |
| Garmin Ltd.  | 24915 | &nbsp;&nbsp;&nbsp; 5780529 |
| Lennar Corp. - Class A | 32883 | &nbsp;&nbsp;&nbsp; 2855560 |
| NVR, Inc. (b) | 426 | &nbsp;&nbsp;&nbsp; 2807268 |
| PulteGroup, Inc.  | 29282 | &nbsp;&nbsp;&nbsp; 3443856 |
|  |  | &nbsp;&nbsp;&nbsp; 20521466 |
| **Household Products — 0.8%** | **Household Products — 0.8%** | **Household Products — 0.8%** |
| Church & Dwight Co., Inc.  | 36072 | &nbsp;&nbsp;&nbsp; 3366239 |
| Clorox Co. (a) | 18426 | &nbsp;&nbsp;&nbsp; 1909486 |
| Colgate-Palmolive Co.  | 122844 | &nbsp;&nbsp;&nbsp; 10469994 |
| Kimberly-Clark Corp. (a) | 50584 | &nbsp;&nbsp;&nbsp; 4879839 |
| Procter & Gamble Co.  | 354177 | &nbsp;&nbsp;&nbsp; 51157326 |
|  |  | &nbsp;&nbsp;&nbsp; 71782884 |
| **Independent Power and Renewable Electricity Producers — 0.1%** | **Independent Power and Renewable Electricity Producers — 0.1%** | **Independent Power and Renewable Electricity Producers — 0.1%** |
| AES Corp.  | 108527 | &nbsp;&nbsp;&nbsp; 1529145 |
| Vistra Corp.  | 48538 | &nbsp;&nbsp;&nbsp; 7296718 |
|  |  | &nbsp;&nbsp;&nbsp; 8825863 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Industrial Conglomerates — 0.4%** | **Industrial Conglomerates — 0.4%** | **Industrial Conglomerates — 0.4%** |
| 3M Co.  | 80269 | &nbsp;&nbsp;&nbsp; $11657467 |
| Honeywell International, Inc.  | 96757 | &nbsp;&nbsp;&nbsp; 21869985 |
|  |  | &nbsp;&nbsp;&nbsp; 33527452 |
| **Industrial REITs — 0.2%** | **Industrial REITs — 0.2%** | **Industrial REITs — 0.2%** |
| Prologis, Inc.  | 141664 | &nbsp;&nbsp;&nbsp; 18725147 |
| **Insurance — 1.7%** | **Insurance — 1.7%** | **Insurance — 1.7%** |
| Aflac, Inc.  | 71143 | &nbsp;&nbsp;&nbsp; 7805099 |
| Allstate Corp. (a) | 39624 | &nbsp;&nbsp;&nbsp; 8215640 |
| American International Group, Inc.  | 81771 | &nbsp;&nbsp;&nbsp; 6153268 |
| Aon PLC - Class A | 32690 | &nbsp;&nbsp;&nbsp; 10551678 |
| Arch Capital Group Ltd. (b) | 54478 | &nbsp;&nbsp;&nbsp; 5229343 |
| Arthur J Gallagher & Co.  | 39163 | &nbsp;&nbsp;&nbsp; 8481923 |
| Assurant, Inc.  | 7632 | &nbsp;&nbsp;&nbsp; 1662326 |
| Brown & Brown, Inc. (a) | 44616 | &nbsp;&nbsp;&nbsp; 2909409 |
| Chubb Ltd.  | 55432 | &nbsp;&nbsp;&nbsp; 18066952 |
| Cincinnati Financial Corp.  | 23777 | &nbsp;&nbsp;&nbsp; 3741311 |
| Erie Indemnity Co. - Class A (a) | 3871 | &nbsp;&nbsp;&nbsp; 972821 |
| Everest Group Ltd.  | 6203 | &nbsp;&nbsp;&nbsp; 2027451 |
| Globe Life, Inc.  | 12131 | &nbsp;&nbsp;&nbsp; 1688271 |
| Hartford Insurance Group, Inc.  | 42504 | &nbsp;&nbsp;&nbsp; 5747816 |
| Loews Corp.  | 25750 | &nbsp;&nbsp;&nbsp; 2748555 |
| Marsh & McLennan Cos., Inc. (a) | 73780 | &nbsp;&nbsp;&nbsp; 12797141 |
| MetLife, Inc. (c) | 83888 | &nbsp;&nbsp;&nbsp; 5932559 |
| Principal Financial Group, Inc. (a) | 30149 | &nbsp;&nbsp;&nbsp; 2716726 |
| Progressive Corp.  | 89321 | &nbsp;&nbsp;&nbsp; 17706995 |
| Prudential Financial, Inc. (a) | 53035 | &nbsp;&nbsp;&nbsp; 5180989 |
| Travelers Cos., Inc.  | 32955 | &nbsp;&nbsp;&nbsp; 9612315 |
| W.R. Berkley Corp. (a) | 45408 | &nbsp;&nbsp;&nbsp; 3009642 |
| Willis Towers Watson PLC (a) | 14490 | &nbsp;&nbsp;&nbsp; 4212243 |
|  |  | &nbsp;&nbsp;&nbsp; 147170473 |
| **Interactive Media & Services — 7.5%** | **Interactive Media & Services — 7.5%** | **Interactive Media & Services — 7.5%** |
| Alphabet, Inc. - Class A | 887273 | &nbsp;&nbsp;&nbsp; 255144224 |
| Alphabet, Inc. - Class C (d) | 712726 | &nbsp;&nbsp;&nbsp; 204452580 |
| Meta Platforms, Inc. - Class A | 333326 | &nbsp;&nbsp;&nbsp; 190705805 |
|  |  | &nbsp;&nbsp;&nbsp; 650302609 |
| **IT Services — 0.8%** | **IT Services — 0.8%** | **IT Services — 0.8%** |
| Accenture PLC - Class A (a) | 93773 | &nbsp;&nbsp;&nbsp; 18594248 |
| Akamai Technologies, Inc. (a) (b) | 21925 | &nbsp;&nbsp;&nbsp; 2518086 |
| Cognizant Technology Solutions Corp. - Class A | 72884 | &nbsp;&nbsp;&nbsp; 4471433 |
| EPAM Systems, Inc. (a) (b) | 8419 | &nbsp;&nbsp;&nbsp; 1139933 |
| Gartner, Inc. (b) | 10736 | &nbsp;&nbsp;&nbsp; 1699938 |
| GoDaddy, Inc. - Class A (b) | 20595 | &nbsp;&nbsp;&nbsp; 1702589 |
| International Business Machines Corp.  | 142454 | &nbsp;&nbsp;&nbsp; 34529425 |
| VeriSign, Inc.  | 12577 | &nbsp;&nbsp;&nbsp; 3123624 |
|  |  | &nbsp;&nbsp;&nbsp; 67779276 |
| **Leisure Products — 0.0%** | **Leisure Products — 0.0%** | **Leisure Products — 0.0%** |
| Hasbro, Inc.  | 20317 | &nbsp;&nbsp;&nbsp; 1901671 |
| **Life Sciences Tools & Services — 0.8%** | **Life Sciences Tools & Services — 0.8%** | **Life Sciences Tools & Services — 0.8%** |
| Agilent Technologies, Inc.  | 43104 | &nbsp;&nbsp;&nbsp; 4912994 |
| Bio-Techne Corp. (a) | 23843 | &nbsp;&nbsp;&nbsp; 1246035 |

---

**BHFTII-232**

------

**Brighthouse Funds Trust II**

**MetLife Stock Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Life Sciences Tools & Services—(Continued)** | **Life Sciences Tools & Services—(Continued)** | **Life Sciences Tools & Services—(Continued)** |
| Charles River Laboratories International, Inc. (a) (b) | 7500 | &nbsp;&nbsp;&nbsp; $1293750 |
| Danaher Corp.  | 95881 | &nbsp;&nbsp;&nbsp; 18179038 |
| IQVIA Holdings, Inc. (b) | 25847 | &nbsp;&nbsp;&nbsp; 4407947 |
| Mettler-Toledo International, Inc. (b) | 3098 | &nbsp;&nbsp;&nbsp; 3907198 |
| Revvity, Inc. (a) | 17278 | &nbsp;&nbsp;&nbsp; 1513725 |
| Thermo Fisher Scientific, Inc.  | 57258 | &nbsp;&nbsp;&nbsp; 28144025 |
| Waters Corp. (b) | 14947 | &nbsp;&nbsp;&nbsp; 4451217 |
| West Pharmaceutical Services, Inc.  | 10964 | &nbsp;&nbsp;&nbsp; 2748017 |
|  |  | &nbsp;&nbsp;&nbsp; 70803946 |
| **Machinery — 1.8%** | **Machinery — 1.8%** | **Machinery — 1.8%** |
| Caterpillar, Inc.  | 70910 | &nbsp;&nbsp;&nbsp; 50236899 |
| Cummins, Inc.  | 21057 | &nbsp;&nbsp;&nbsp; 11329087 |
| Deere & Co.  | 38420 | &nbsp;&nbsp;&nbsp; 21641986 |
| Dover Corp.  | 20553 | &nbsp;&nbsp;&nbsp; 4284273 |
| Fortive Corp.  | 47762 | &nbsp;&nbsp;&nbsp; 2640283 |
| IDEX Corp. (a) | 11407 | &nbsp;&nbsp;&nbsp; 2162197 |
| Illinois Tool Works, Inc. (a) | 39969 | &nbsp;&nbsp;&nbsp; 10403531 |
| Ingersoll Rand, Inc. (a) | 54242 | &nbsp;&nbsp;&nbsp; 4345869 |
| Nordson Corp.  | 8065 | &nbsp;&nbsp;&nbsp; 2145774 |
| Otis Worldwide Corp. (a) | 59241 | &nbsp;&nbsp;&nbsp; 4566296 |
| PACCAR, Inc.  | 80070 | &nbsp;&nbsp;&nbsp; 9248085 |
| Parker-Hannifin Corp.  | 19236 | &nbsp;&nbsp;&nbsp; 17220837 |
| Pentair PLC | 24939 | &nbsp;&nbsp;&nbsp; 2172436 |
| Snap-on, Inc. (a) | 7912 | &nbsp;&nbsp;&nbsp; 2873797 |
| Stanley Black & Decker, Inc.  | 23604 | &nbsp;&nbsp;&nbsp; 1677300 |
| Westinghouse Air Brake Technologies Corp.  | 25987 | &nbsp;&nbsp;&nbsp; 6494411 |
| Xylem, Inc.  | 37124 | &nbsp;&nbsp;&nbsp; 4436318 |
|  |  | &nbsp;&nbsp;&nbsp; 157879379 |
| **Media — 0.2%** | **Media — 0.2%** | **Media — 0.2%** |
| Charter Communications, Inc. - Class A (a) (b) | 13123 | &nbsp;&nbsp;&nbsp; 2832993 |
| EchoStar Corp. - Class A (a) (b) | 20515 | &nbsp;&nbsp;&nbsp; 2401691 |
| Fox Corp. - Class A (a) | 30585 | &nbsp;&nbsp;&nbsp; 1786164 |
| Fox Corp. - Class B | 21574 | &nbsp;&nbsp;&nbsp; 1145579 |
| News Corp. - Class A | 56422 | &nbsp;&nbsp;&nbsp; 1406601 |
| News Corp. - Class B (a) | 18623 | &nbsp;&nbsp;&nbsp; 530942 |
| Omnicom Group, Inc. (a) | 47945 | &nbsp;&nbsp;&nbsp; 3610738 |
| Paramount Skydance Corp. - Class B (a) | 47363 | &nbsp;&nbsp;&nbsp; 427214 |
| Trade Desk, Inc. - Class A (b) | 67104 | &nbsp;&nbsp;&nbsp; 1522590 |
|  |  | &nbsp;&nbsp;&nbsp; 15664512 |
| **Metals & Mining — 0.5%** | **Metals & Mining — 0.5%** | **Metals & Mining — 0.5%** |
| Freeport-McMoRan, Inc.  | 219029 | &nbsp;&nbsp;&nbsp; 12874524 |
| Newmont Corp.  | 166308 | &nbsp;&nbsp;&nbsp; 18002841 |
| Nucor Corp.  | 34878 | &nbsp;&nbsp;&nbsp; 5897870 |
| Steel Dynamics, Inc. (a) | 20920 | &nbsp;&nbsp;&nbsp; 3765600 |
|  |  | &nbsp;&nbsp;&nbsp; 40540835 |
| **Multi-Utilities — 0.7%** | **Multi-Utilities — 0.7%** | **Multi-Utilities — 0.7%** |
| Ameren Corp.  | 42123 | &nbsp;&nbsp;&nbsp; 4630160 |
| CenterPoint Energy, Inc. (a) | 99497 | &nbsp;&nbsp;&nbsp; 4294291 |
| CMS Energy Corp.  | 46698 | &nbsp;&nbsp;&nbsp; 3622831 |
| Consolidated Edison, Inc.  | 55006 | &nbsp;&nbsp;&nbsp; 6225579 |
| Dominion Energy, Inc.  | 130136 | &nbsp;&nbsp;&nbsp; 8045008 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Multi-Utilities—(Continued)** | **Multi-Utilities—(Continued)** | **Multi-Utilities—(Continued)** |
| DTE Energy Co.  | 31650 | &nbsp;&nbsp;&nbsp; $4627863 |
| NiSource, Inc. (a) | 72928 | &nbsp;&nbsp;&nbsp; 3402820 |
| Public Service Enterprise Group, Inc.  | 76071 | &nbsp;&nbsp;&nbsp; 6157947 |
| Sempra | 99468 | &nbsp;&nbsp;&nbsp; 9665306 |
| WEC Energy Group, Inc. (a) | 49600 | &nbsp;&nbsp;&nbsp; 5742192 |
|  |  | &nbsp;&nbsp;&nbsp; 56413997 |
| **Office REITs — 0.0%** | **Office REITs — 0.0%** | **Office REITs — 0.0%** |
| BXP, Inc. (a) | 22471 | &nbsp;&nbsp;&nbsp; 1166245 |
| **Oil, Gas & Consumable Fuels — 3.6%** | **Oil, Gas & Consumable Fuels — 3.6%** | **Oil, Gas & Consumable Fuels — 3.6%** |
| APA Corp. (a) | 54051 | &nbsp;&nbsp;&nbsp; 2293924 |
| Chevron Corp.  | 285676 | &nbsp;&nbsp;&nbsp; 59106364 |
| ConocoPhillips | 186715 | &nbsp;&nbsp;&nbsp; 24646380 |
| Coterra Energy, Inc.  | 115617 | &nbsp;&nbsp;&nbsp; 4062781 |
| Devon Energy Corp.  | 94528 | &nbsp;&nbsp;&nbsp; 4756649 |
| Diamondback Energy, Inc.  | 29581 | &nbsp;&nbsp;&nbsp; 5850826 |
| EOG Resources, Inc.  | 82691 | &nbsp;&nbsp;&nbsp; 11954638 |
| EQT Corp.  | 95108 | &nbsp;&nbsp;&nbsp; 6052673 |
| Expand Energy Corp.  | 36297 | &nbsp;&nbsp;&nbsp; 3984685 |
| Exxon Mobil Corp.  | 636879 | &nbsp;&nbsp;&nbsp; 108052891 |
| Kinder Morgan, Inc.  | 298367 | &nbsp;&nbsp;&nbsp; 10004246 |
| Marathon Petroleum Corp.  | 44958 | &nbsp;&nbsp;&nbsp; 10977844 |
| Occidental Petroleum Corp.  | 109606 | &nbsp;&nbsp;&nbsp; 7124390 |
| ONEOK, Inc. (a) | 95894 | &nbsp;&nbsp;&nbsp; 8667859 |
| Phillips 66 Co.  | 61405 | &nbsp;&nbsp;&nbsp; 11186763 |
| Targa Resources Corp.  | 32714 | &nbsp;&nbsp;&nbsp; 8202381 |
| Texas Pacific Land Corp.  | 8825 | &nbsp;&nbsp;&nbsp; 4187992 |
| Valero Energy Corp.  | 46483 | &nbsp;&nbsp;&nbsp; 11485020 |
| Williams Cos., Inc.  | 186113 | &nbsp;&nbsp;&nbsp; 13545304 |
|  |  | &nbsp;&nbsp;&nbsp; 316143610 |
| **Passenger Airlines — 0.2%** | **Passenger Airlines — 0.2%** | **Passenger Airlines — 0.2%** |
| Delta Air Lines, Inc.  | 98995 | &nbsp;&nbsp;&nbsp; 6581188 |
| Southwest Airlines Co. (a) | 74876 | &nbsp;&nbsp;&nbsp; 2813091 |
| United Airlines Holdings, Inc. (b) | 49290 | &nbsp;&nbsp;&nbsp; 4538130 |
|  |  | &nbsp;&nbsp;&nbsp; 13932409 |
| **Personal Care Products — 0.1%** | **Personal Care Products — 0.1%** | **Personal Care Products — 0.1%** |
| Estee Lauder Cos., Inc. - Class A | 37676 | &nbsp;&nbsp;&nbsp; 2704006 |
| Kenvue, Inc.  | 292000 | &nbsp;&nbsp;&nbsp; 5034080 |
|  |  | &nbsp;&nbsp;&nbsp; 7738086 |
| **Pharmaceuticals — 3.5%** | **Pharmaceuticals — 3.5%** | **Pharmaceuticals — 3.5%** |
| Bristol-Myers Squibb Co. (a) | 310358 | &nbsp;&nbsp;&nbsp; 18823213 |
| Eli Lilly & Co.  | 120765 | &nbsp;&nbsp;&nbsp; 111076024 |
| Johnson & Johnson | 367269 | &nbsp;&nbsp;&nbsp; 89775234 |
| Merck & Co., Inc.  | 378260 | &nbsp;&nbsp;&nbsp; 45500895 |
| Pfizer, Inc.  | 866502 | &nbsp;&nbsp;&nbsp; 24331376 |
| Viatris, Inc.  | 175529 | &nbsp;&nbsp;&nbsp; 2371397 |
| Zoetis, Inc.  | 64332 | &nbsp;&nbsp;&nbsp; 7604686 |
|  |  | &nbsp;&nbsp;&nbsp; 299482825 |
| **Professional Services — 0.4%** | **Professional Services — 0.4%** | **Professional Services — 0.4%** |
| Automatic Data Processing, Inc.  | 61363 | &nbsp;&nbsp;&nbsp; 12467734 |

---

**BHFTII-233**

------

**Brighthouse Funds Trust II**

**MetLife Stock Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Professional Services—(Continued)** | **Professional Services—(Continued)** | **Professional Services—(Continued)** |
| Broadridge Financial Solutions, Inc.  | 17792 | &nbsp;&nbsp;&nbsp; $2890844 |
| Equifax, Inc.  | 18349 | &nbsp;&nbsp;&nbsp; 3304105 |
| Jacobs Solutions, Inc.  | 17898 | &nbsp;&nbsp;&nbsp; 2278058 |
| Leidos Holdings, Inc.  | 19485 | &nbsp;&nbsp;&nbsp; 3030307 |
| Paychex, Inc.  | 49235 | &nbsp;&nbsp;&nbsp; 4535528 |
| Verisk Analytics, Inc.  | 21240 | &nbsp;&nbsp;&nbsp; 4030290 |
|  |  | &nbsp;&nbsp;&nbsp; 32536866 |
| **Real Estate Management & Development — 0.1%** | **Real Estate Management & Development — 0.1%** | **Real Estate Management & Development — 0.1%** |
| CBRE Group, Inc. - Class A (a) (b) | 44281 | &nbsp;&nbsp;&nbsp; 5998304 |
| CoStar Group, Inc. (b) | 64590 | &nbsp;&nbsp;&nbsp; 2605561 |
|  |  | &nbsp;&nbsp;&nbsp; 8603865 |
| **Residential REITs — 0.2%** | **Residential REITs — 0.2%** | **Residential REITs — 0.2%** |
| AvalonBay Communities, Inc. (a) | 21579 | &nbsp;&nbsp;&nbsp; 3524930 |
| Camden Property Trust (a) | 15759 | &nbsp;&nbsp;&nbsp; 1539024 |
| Equity Residential | 52395 | &nbsp;&nbsp;&nbsp; 3099164 |
| Essex Property Trust, Inc. (a) | 9821 | &nbsp;&nbsp;&nbsp; 2376682 |
| Invitation Homes, Inc.  | 85950 | &nbsp;&nbsp;&nbsp; 2135857 |
| Mid-America Apartment Communities, Inc.  | 17815 | &nbsp;&nbsp;&nbsp; 2175568 |
| UDR, Inc. (a) | 45833 | &nbsp;&nbsp;&nbsp; 1548239 |
|  |  | &nbsp;&nbsp;&nbsp; 16399464 |
| **Retail REITs — 0.3%** | **Retail REITs — 0.3%** | **Retail REITs — 0.3%** |
| Federal Realty Investment Trust | 11965 | &nbsp;&nbsp;&nbsp; 1270803 |
| Kimco Realty Corp. (a) | 102731 | &nbsp;&nbsp;&nbsp; 2308365 |
| Realty Income Corp. (a) | 140193 | &nbsp;&nbsp;&nbsp; 8577008 |
| Regency Centers Corp. (a) | 25086 | &nbsp;&nbsp;&nbsp; 1898007 |
| Simon Property Group, Inc.  | 49563 | &nbsp;&nbsp;&nbsp; 9244986 |
|  |  | &nbsp;&nbsp;&nbsp; 23299169 |
| **Semiconductors & Semiconductor Equipment — 14.2%** | **Semiconductors & Semiconductor Equipment — 14.2%** | **Semiconductors & Semiconductor Equipment — 14.2%** |
| Advanced Micro Devices, Inc. (b) | 248474 | &nbsp;&nbsp;&nbsp; 50547066 |
| Analog Devices, Inc.  | 74467 | &nbsp;&nbsp;&nbsp; 23690931 |
| Applied Materials, Inc.  | 120963 | &nbsp;&nbsp;&nbsp; 41343944 |
| Broadcom, Inc.  | 722570 | &nbsp;&nbsp;&nbsp; 223642641 |
| First Solar, Inc. (b) | 16353 | &nbsp;&nbsp;&nbsp; 3225793 |
| Intel Corp. (b) | 715563 | &nbsp;&nbsp;&nbsp; 31577795 |
| KLA Corp.  | 19977 | &nbsp;&nbsp;&nbsp; 29414335 |
| Lam Research Corp.  | 190313 | &nbsp;&nbsp;&nbsp; 40662276 |
| Microchip Technology, Inc.  | 82468 | &nbsp;&nbsp;&nbsp; 5328258 |
| Micron Technology, Inc.  | 171528 | &nbsp;&nbsp;&nbsp; 57949020 |
| Monolithic Power Systems, Inc.  | 7424 | &nbsp;&nbsp;&nbsp; 8117030 |
| NVIDIA Corp.  | 3703321 | &nbsp;&nbsp;&nbsp; 645859182 |
| NXP Semiconductors NV | 38355 | &nbsp;&nbsp;&nbsp; 7550565 |
| ON Semiconductor Corp. (a) (b) | 60048 | &nbsp;&nbsp;&nbsp; 3718172 |
| Qnity Electronics, Inc. - Class W/I | 31922 | &nbsp;&nbsp;&nbsp; 3683160 |
| QUALCOMM, Inc.  | 162610 | &nbsp;&nbsp;&nbsp; 20940916 |
| Skyworks Solutions, Inc. (a) | 22917 | &nbsp;&nbsp;&nbsp; 1227205 |
| Teradyne, Inc.  | 23867 | &nbsp;&nbsp;&nbsp; 7075611 |
| Texas Instruments, Inc.  | 138310 | &nbsp;&nbsp;&nbsp; 26851503 |
|  |  | &nbsp;&nbsp;&nbsp; 1232405403 |
| **Software — 8.1%** | **Software — 8.1%** | **Software — 8.1%** |
| Adobe, Inc. (b) | 62560 | &nbsp;&nbsp;&nbsp; 15207085 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Software—(Continued)** | **Software—(Continued)** | **Software—(Continued)** |
| AppLovin Corp. - Class A (a) (b) | 41301 | &nbsp;&nbsp;&nbsp; $16437798 |
| Autodesk, Inc. (b) | 32309 | &nbsp;&nbsp;&nbsp; 7734775 |
| Cadence Design Systems, Inc. (b) | 41483 | &nbsp;&nbsp;&nbsp; 11526881 |
| Crowdstrike Holdings, Inc. - Class A (b) | 38420 | &nbsp;&nbsp;&nbsp; 14999552 |
| Datadog, Inc. - Class A (b) | 50029 | &nbsp;&nbsp;&nbsp; 5905923 |
| Fair Isaac Corp. (b) | 3616 | &nbsp;&nbsp;&nbsp; 3860225 |
| Fortinet, Inc. (b) | 96332 | &nbsp;&nbsp;&nbsp; 7872251 |
| Gen Digital, Inc.  | 83995 | &nbsp;&nbsp;&nbsp; 1581626 |
| Intuit, Inc. (a) | 42409 | &nbsp;&nbsp;&nbsp; 18336803 |
| Microsoft Corp.  | 1131666 | &nbsp;&nbsp;&nbsp; 418908803 |
| Oracle Corp.  | 258426 | &nbsp;&nbsp;&nbsp; 38017049 |
| Palantir Technologies, Inc. - Class A (b) | 348132 | &nbsp;&nbsp;&nbsp; 50924749 |
| Palo Alto Networks, Inc. (b) | 123150 | &nbsp;&nbsp;&nbsp; 19743408 |
| PTC, Inc. (b) | 18134 | &nbsp;&nbsp;&nbsp; 2583914 |
| Roper Technologies, Inc.  | 16246 | &nbsp;&nbsp;&nbsp; 5748810 |
| Salesforce, Inc. (a) | 142799 | &nbsp;&nbsp;&nbsp; 26656289 |
| ServiceNow, Inc. (b) | 159410 | &nbsp;&nbsp;&nbsp; 16666315 |
| Synopsys, Inc. (a) (b) | 29157 | &nbsp;&nbsp;&nbsp; 11560167 |
| Trimble, Inc. (b) | 36259 | &nbsp;&nbsp;&nbsp; 2365175 |
| Tyler Technologies, Inc. (b) | 6558 | &nbsp;&nbsp;&nbsp; 2245328 |
| Workday, Inc. - Class A (b) | 32461 | &nbsp;&nbsp;&nbsp; 4217333 |
|  |  | &nbsp;&nbsp;&nbsp; 703100259 |
| **Specialized REITs — 0.8%** | **Specialized REITs — 0.8%** | **Specialized REITs — 0.8%** |
| American Tower Corp.  | 71345 | &nbsp;&nbsp;&nbsp; 12312720 |
| Crown Castle, Inc. (a) | 66367 | &nbsp;&nbsp;&nbsp; 5396301 |
| Digital Realty Trust, Inc.  | 49216 | &nbsp;&nbsp;&nbsp; 8869215 |
| Equinix, Inc.  | 14974 | &nbsp;&nbsp;&nbsp; 14678114 |
| Extra Space Storage, Inc. (a) | 32346 | &nbsp;&nbsp;&nbsp; 4241531 |
| Iron Mountain, Inc. (a) | 45085 | &nbsp;&nbsp;&nbsp; 4604982 |
| Public Storage (a) | 24072 | &nbsp;&nbsp;&nbsp; 6520623 |
| SBA Communications Corp.  | 16237 | &nbsp;&nbsp;&nbsp; 2794550 |
| VICI Properties, Inc.  | 162886 | &nbsp;&nbsp;&nbsp; 4450046 |
| Weyerhaeuser Co.  | 109808 | &nbsp;&nbsp;&nbsp; 2682609 |
|  |  | &nbsp;&nbsp;&nbsp; 66550691 |
| **Specialty Retail — 1.7%** | **Specialty Retail — 1.7%** | **Specialty Retail — 1.7%** |
| AutoZone, Inc. (b) | 2525 | &nbsp;&nbsp;&nbsp; 8528895 |
| Best Buy Co., Inc.  | 29697 | &nbsp;&nbsp;&nbsp; 1906547 |
| Carvana Co. (a) (b) | 21553 | &nbsp;&nbsp;&nbsp; 6775832 |
| Home Depot, Inc.  | 151716 | &nbsp;&nbsp;&nbsp; 49897875 |
| Lowe's Cos., Inc.  | 85489 | &nbsp;&nbsp;&nbsp; 20199341 |
| O'Reilly Automotive, Inc. (b) | 128306 | &nbsp;&nbsp;&nbsp; 11843927 |
| Ross Stores, Inc.  | 49293 | &nbsp;&nbsp;&nbsp; 10678343 |
| TJX Cos., Inc.  | 169235 | &nbsp;&nbsp;&nbsp; 27026829 |
| Tractor Supply Co. (a) | 80528 | &nbsp;&nbsp;&nbsp; 3647918 |
| Ulta Beauty, Inc. (b) | 6761 | &nbsp;&nbsp;&nbsp; 3534042 |
| Williams-Sonoma, Inc.  | 18193 | &nbsp;&nbsp;&nbsp; 3317130 |
|  |  | &nbsp;&nbsp;&nbsp; 147356679 |
| **Technology Hardware, Storage & Peripherals — 7.3%** | **Technology Hardware, Storage & Peripherals — 7.3%** | **Technology Hardware, Storage & Peripherals — 7.3%** |
| Apple, Inc.  | 2237406 | &nbsp;&nbsp;&nbsp; 567831269 |
| Dell Technologies, Inc. - Class C | 45291 | &nbsp;&nbsp;&nbsp; 7433612 |
| Hewlett Packard Enterprise Co.  | 202510 | &nbsp;&nbsp;&nbsp; 4821763 |
| HP, Inc. (a) | 139900 | &nbsp;&nbsp;&nbsp; 2687479 |
| NetApp, Inc.  | 30184 | &nbsp;&nbsp;&nbsp; 3090540 |

---

**BHFTII-234**

------

**Brighthouse Funds Trust II**

**MetLife Stock Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

**Securities Lending Reinvestments (f)—4.6%**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Technology Hardware, Storage & Peripherals—(Continued)** | **Technology Hardware, Storage & Peripherals—(Continued)** | **Technology Hardware, Storage & Peripherals—(Continued)** |
| Sandisk Corp. (b) | 22495 | &nbsp;&nbsp;&nbsp; $14291973 |
| Seagate Technology Holdings PLC (a) | 33234 | &nbsp;&nbsp;&nbsp; 13019752 |
| Super Micro Computer, Inc. (a) (b) | 76680 | &nbsp;&nbsp;&nbsp; 1746003 |
| Western Digital Corp. (a) | 51669 | &nbsp;&nbsp;&nbsp; 13975948 |
|  |  | &nbsp;&nbsp;&nbsp; 628898339 |
| **Textiles, Apparel & Luxury Goods — 0.2%** | **Textiles, Apparel & Luxury Goods — 0.2%** | **Textiles, Apparel & Luxury Goods — 0.2%** |
| Deckers Outdoor Corp. (b) | 21633 | &nbsp;&nbsp;&nbsp; 2165247 |
| Lululemon Athletica, Inc. (b) | 16268 | &nbsp;&nbsp;&nbsp; 2490631 |
| NIKE, Inc. - Class B | 181584 | &nbsp;&nbsp;&nbsp; 9591267 |
| Ralph Lauren Corp.  | 5891 | &nbsp;&nbsp;&nbsp; 2026445 |
| Tapestry, Inc.  | 30855 | &nbsp;&nbsp;&nbsp; 4353949 |
|  |  | &nbsp;&nbsp;&nbsp; 20627539 |
| **Tobacco — 0.6%** | **Tobacco — 0.6%** | **Tobacco — 0.6%** |
| Altria Group, Inc.  | 255829 | &nbsp;&nbsp;&nbsp; 16882156 |
| Philip Morris International, Inc.  | 237238 | &nbsp;&nbsp;&nbsp; 39224931 |
|  |  | &nbsp;&nbsp;&nbsp; 56107087 |
| **Trading Companies & Distributors — 0.3%** | **Trading Companies & Distributors — 0.3%** | **Trading Companies & Distributors — 0.3%** |
| Fastenal Co.  | 174982 | &nbsp;&nbsp;&nbsp; 8119165 |
| United Rentals, Inc.  | 9601 | &nbsp;&nbsp;&nbsp; 6994905 |
| WW Grainger, Inc.  | 6667 | &nbsp;&nbsp;&nbsp; 7272430 |
|  |  | &nbsp;&nbsp;&nbsp; 22386500 |
| **Water Utilities — 0.0%** | **Water Utilities — 0.0%** | **Water Utilities — 0.0%** |
| American Water Works Co., Inc. (a) | 29744 | &nbsp;&nbsp;&nbsp; 4047861 |
| **Wireless Telecommunication Services — 0.2%** | **Wireless Telecommunication Services — 0.2%** | **Wireless Telecommunication Services — 0.2%** |
| T-Mobile U.S., Inc.  | 72207 | &nbsp;&nbsp;&nbsp; 15165636 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $3,094,957,124) <br>|  | &nbsp;&nbsp;&nbsp; 8519051894 |
| **Investment Companies—1.0%** | **Investment Companies—1.0%** | **Investment Companies—1.0%** |
| **Exchange-Traded Funds — 1.0%** | **Exchange-Traded Funds — 1.0%** | **Exchange-Traded Funds — 1.0%** |
| State Street SPDR S&P 500 ETF Trust (a) | 133000 | &nbsp;&nbsp;&nbsp; 86495220 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $92,022,468) <br>|  | &nbsp;&nbsp;&nbsp; 86495220 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—0.7%** | **Short-Term Investments—0.7%** | **Short-Term Investments—0.7%** |
| **Discount Note—0.1%** | **Discount Note—0.1%** | **Discount Note—0.1%** |
| Federal Home Loan Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 04/01/26 (e) | 3800000 | &nbsp;&nbsp;&nbsp; 3799621 |
| **U.S. Treasury—0.6%** | **U.S. Treasury—0.6%** | **U.S. Treasury—0.6%** |
| U.S. Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.627%, 04/16/26 (e) | 9000000 | &nbsp;&nbsp;&nbsp; 8986403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.631%, 04/16/26 (e) | 43300000 | &nbsp;&nbsp;&nbsp; 43234581 |
|  |  | &nbsp;&nbsp;&nbsp; 52220984 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $56,020,953) <br>|  | &nbsp;&nbsp;&nbsp; 56020605 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Short-Term Investment Funds—0.5%** | **Short-Term Investment Funds—0.5%** | **Short-Term Investment Funds—0.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (g)<br>| 100000 | &nbsp;&nbsp;&nbsp; $100000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Government Portfolio, <br>Class I 3.530% (g)<br>| 15000000 | &nbsp;&nbsp;&nbsp; 15000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br>Institutional Shares 3.530% (g)<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco STIT-Government & Agency Portfolio, <br>Institutional Class 3.580% (g)<br>| 2100000 | &nbsp;&nbsp;&nbsp; 2100000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares 3.580% (g)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; RBC BlueBay U.S. Government Money Market Fund, <br>Institutional Shares 3.580% (g)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, <br>Premier Class 3.600% (g)<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
|  |  | &nbsp;&nbsp;&nbsp; 39200000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Certificates of Deposit—0.7%** | **Certificates of Deposit—0.7%** | **Certificates of Deposit—0.7%** |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.980%, SOFR + 0.350%, 05/14/26 (h) | 6000000 | &nbsp;&nbsp;&nbsp; 5999993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 11/19/26 (h) | 2000000 | &nbsp;&nbsp;&nbsp; 2000760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.020%, SOFR + 0.390%, 05/05/26 (h) | 3000000 | &nbsp;&nbsp;&nbsp; 3000486 |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.960%, SOFR + 0.330%, 07/22/26 (h) | 3000000 | &nbsp;&nbsp;&nbsp; 2999972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.970%, SOFR + 0.340%, 09/21/26 (h) | 4000000 | &nbsp;&nbsp;&nbsp; 3999996 |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.760%, 05/12/26 | 4000000 | &nbsp;&nbsp;&nbsp; 3999876 |
| Mitsubishi UFJ Trust & Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/12/26 | 5000000 | &nbsp;&nbsp;&nbsp; 4961150 |
| Mizuho Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, SOFR + 0.220%, 04/10/26 (h) | 3000000 | &nbsp;&nbsp;&nbsp; 2999943 |
| MUFG Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.820%, SOFR + 0.190%, 08/07/26 (h) | 4000000 | &nbsp;&nbsp;&nbsp; 3998364 |
| Royal Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.920%, SOFR + 0.290%, 02/05/27 (h) | 2000000 | &nbsp;&nbsp;&nbsp; 1998274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 05/01/26 (h) | 3000000 | &nbsp;&nbsp;&nbsp; 3000297 |
| Sumitomo Mitsui Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.820%, SOFR + 0.190%, 08/19/26 (h) | 2000000 | &nbsp;&nbsp;&nbsp; 1999058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.840%, SOFR + 0.210%, 07/24/26 (h) | 2000000 | &nbsp;&nbsp;&nbsp; 1999488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.980%, SOFR + 0.350%, 09/25/26 (h) | 3000000 | &nbsp;&nbsp;&nbsp; 3000288 |
| Sumitomo Mitsui Trust Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/15/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1983800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.820%, 04/27/26 | 3000000 | &nbsp;&nbsp;&nbsp; 3000019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.830%, 04/17/26 | 3000000 | &nbsp;&nbsp;&nbsp; 3000240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.830%, SOFR + 0.200%, 07/27/26 (h) | 5000000 | &nbsp;&nbsp;&nbsp; 4998855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.960%, 06/05/26 | 2000000 | &nbsp;&nbsp;&nbsp; 2000502 |
| Svenska Handelsbanken AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.940%, SOFR + 0.310%, 09/25/26 (h) | 2000000 | &nbsp;&nbsp;&nbsp; 1999800 |
| Toronto-Dominion Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.080%, SOFR + 0.450%, 04/23/26 (h) | 1000000 | &nbsp;&nbsp;&nbsp; 1000141 |
|  |  | &nbsp;&nbsp;&nbsp; 63941302 |
| **Commercial Paper—0.3%** | **Commercial Paper—0.3%** | **Commercial Paper—0.3%** |
| Britannia Funding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.740%, 04/10/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1997864 |
| Concord Minutemen Capital Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 06/18/26 (h) | 2000000 | &nbsp;&nbsp;&nbsp; 1999996 |

---

**BHFTII-235**

------

**Brighthouse Funds Trust II**

**MetLife Stock Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Securities Lending Reinvestments (f)—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Paper—(Continued)** | **Commercial Paper—(Continued)** | **Commercial Paper—(Continued)** |
| ING U.S. Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.960%, SOFR + 0.330%, 09/18/26 (h) | 6000000 | &nbsp;&nbsp;&nbsp; $5999700 |
| Ionic Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.720%, 04/01/26 | 4000000 | &nbsp;&nbsp;&nbsp; 3999568 |
| Verto Capital I-A LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.720%, 04/02/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1999578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.790%, 05/12/26 | 1000000 | &nbsp;&nbsp;&nbsp; 995457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 04/24/26 | 7000000 | &nbsp;&nbsp;&nbsp; 6981926 |
| Westpac Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.030%, SOFR + 0.400%, 04/10/26 (h) | 2000000 | &nbsp;&nbsp;&nbsp; 2000118 |
|  |  | &nbsp;&nbsp;&nbsp; 25974207 |
| **Repurchase Agreements—2.6%** | **Repurchase Agreements—2.6%** | **Repurchase Agreements—2.6%** |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $10,001,014; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 0.000% - 5.000%, maturity dates ranging from <br> 06/30/26 - 02/15/54, and an aggregate market value of <br> $10,200,000<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.700%, due on <br> 04/01/26 with a maturity value of $3,000,308; collateralized <br> by various Common Stock with an aggregate market value of <br> $3,336,843<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.770%, due on <br> 04/01/26 with a maturity value of $28,002,932; <br> collateralized by various Common Stock with an aggregate <br> market value of $31,143,869<br>| 28000000 | &nbsp;&nbsp;&nbsp; 28000000 |
| Barclays Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.550%, due on <br> 04/01/26 with a maturity value of $20,001,972; <br> collateralized by U.S. Treasury Note at 4.000%, maturing <br> 07/31/29, with a market value of $20,400,007<br>| 20000000 | &nbsp;&nbsp;&nbsp; 20000000 |
| Cantor Fitzgerald & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.670%, due on <br> 04/01/26 with a maturity value of $2,000,204; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.000% - <br> 4.875%, maturity dates ranging from 04/09/26 - 02/15/56, <br> and an aggregate market value of $2,040,000<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| Citigroup Global Markets, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.690%, due on <br> 04/01/26 with a maturity value of $20,002,050; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 0.125% - 6.125%, maturity dates ranging from <br> 06/15/27 - 02/15/32, and various Common Stock with an <br> aggregate market value of $20,400,265<br>| 20000000 | &nbsp;&nbsp;&nbsp; 20000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 4.130%, due on <br> 10/02/26 with a maturity value of $20,424,472; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 0.125% - 6.125%, maturity dates ranging from <br> 06/15/27 - 02/15/32, and various Common Stock with an <br> aggregate market value of $20,400,265<br>| 20000000 | &nbsp;&nbsp;&nbsp; 20000000 |
| National Bank Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $50,005; collateralized by <br> U.S. Treasury Bond at 3.875%, maturing 02/15/43, and <br> various Common Stock with an aggregate market value of <br> $55,549<br>| 50000 | &nbsp;&nbsp;&nbsp; 50000 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $12,001,260; <br> collateralized by various Common Stock with an aggregate <br> market value of $13,375,544<br>| 12000000 | &nbsp;&nbsp;&nbsp; $12000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $2,000,210; collateralized <br> by U.S. Treasury Obligations with rates ranging from 4.000% - <br> 4.625%, maturity dates ranging from 06/30/26 - 08/15/35, <br> and an aggregate market value of $2,047,278<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.800%, due on <br> 04/07/26 with a maturity value of $52,038,422; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 3.750% - 4.250%, maturity dates ranging from <br> 05/15/28 - 08/15/35, and various Common Stock with an <br> aggregate market value of $55,541,787<br>| 52000000 | &nbsp;&nbsp;&nbsp; 52000000 |
| NatWest Markets Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $8,161,699; collateralized <br> by U.S. Treasury Obligations with rates ranging from 1.125% - <br> 4.875%, maturity dates ranging from 09/15/26 - 08/15/35, <br> and an aggregate market value of $8,324,934<br>| 8160872 | &nbsp;&nbsp;&nbsp; 8160872 |
| NBC Global Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.830%, due on <br> 04/07/26 with a maturity value of $44,032,768; <br> collateralized by various Common Stock with an aggregate <br> market value of $49,045,703<br>| 44000000 | &nbsp;&nbsp;&nbsp; 44000000 |
| Royal Bank of Canada Toronto |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.910%, due on <br> 05/05/26 with a maturity value of $6,022,808; collateralized <br> by various Common Stock with an aggregate market value of <br> $6,667,391<br>| 6000000 | &nbsp;&nbsp;&nbsp; 6000000 |
|  |  | &nbsp;&nbsp;&nbsp; 227210872 |
| **Time Deposits—0.5%** | **Time Deposits—0.5%** | **Time Deposits—0.5%** |
| Credit Agricole CIB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.630%, 04/01/26 | 12000000 | &nbsp;&nbsp;&nbsp; 12000000 |
| DZ Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 15000000 | &nbsp;&nbsp;&nbsp; 15000000 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.710%, OBFR + 0.070% 04/07/26 (h) | 6000000 | &nbsp;&nbsp;&nbsp; 6000000 |
| Svenska NY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 12000000 | &nbsp;&nbsp;&nbsp; 12000000 |
|  |  | &nbsp;&nbsp;&nbsp; 45000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $401,331,698) <br>|  | &nbsp;&nbsp;&nbsp; 401326381 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—104.6% <br>(Cost $3,644,332,243) <br>|  | &nbsp;&nbsp;&nbsp; 9062894100 |
| Other assets and liabilities (net)—(4.6)%  |  | &nbsp;&nbsp;&nbsp; (397983582)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $8664910518 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Principal amount stated in U.S. dollars unless otherwise noted.

(a) All or a portion of the security was held on loan. As of March 31, 2026, the market value of securities loaned was $512,203,315 and the collateral received consisted of cash in the amount of $401,278,752 and non-cash collateral with a value of $111,346,113. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending 

**BHFTII-236**

------

**Brighthouse Funds Trust II**

**MetLife Stock Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

---

| | |
|:---|:---|
|  | Reinvestments. The non-cash collateral received consists of U.S. government securities that are <br> held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or <br> repledged by the Portfolio.<br>|
| (b) | Non-income producing security. |
| (c) | Affiliated Issuer. (See the table that follows for a summary of transactions in affiliated issuers.) |
| (d) | All or a portion of the security was pledged as collateral against open futures contracts. As of <br> March 31, 2026, the market value of securities pledged was $34,423,200.<br>|
| (e) | The rate shown represents current yield to maturity. |
| (f) | Represents investment of cash collateral received from securities on loan as of March 31, 2026. |
| (g) | The rate shown represents the annualized seven-day yield as of March 31, 2026. |
| (h) | Variable or floating rate security. The stated rate represents the rate at March 31, 2026. Maturity  |

---

date shown for callable securities reflects the earliest possible call date. For securities based on a <br> published reference index and spread, the index and spread are indicated in the description <br> above. For certain variable rate securities, the coupon rate is determined by the issuer/agent <br> based on current market conditions. For certain asset- and mortgage-backed securities, the <br> coupon rate may fluctuate based on changes of the underlying collateral or prepayments of <br> principal. These securities do not indicate a reference index and spread in their description above.<br>

**Transactions in Securities of Affiliated Issuers**

A summary of the Portfolio's transactions in the securities of affiliated issuers for the period ended March 31, 2026 is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Security Description** | **Market Value** <br>**December 31, 2025**<br>| **Sales** | **Realized** <br>**Gain/(Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Ending Value** <br>**as of** <br>**March 31, 2026**<br>|
| MetLife, Inc. | &nbsp;&nbsp; $6808259 | &nbsp;&nbsp; $(174645)<br>| &nbsp;&nbsp; $87224 | &nbsp;&nbsp; $(788279)<br>| &nbsp;&nbsp; $5932559 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Income earned** <br>**from affiliates** <br>**during the period**<br>| **Number of** <br>**shares held at** <br>**March 31, 2026**<br>|
| MetLife, Inc. | &nbsp;&nbsp; $48945 | &nbsp;&nbsp; 83888 |

---

**Investments in Derivative Instruments**

**Futures Contracts** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Long** | **Expiration** <br>**Date**<br>| **Number of** <br>**Contracts**<br>| **Notional** <br>**Value** | **Notional** <br>**Value** | **Value/** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| S&P 500 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 147 | USD | 48295013 | &nbsp;&nbsp;&nbsp; $(1904494)<br>|

---

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Total Common Stocks\* | &nbsp;&nbsp;&nbsp; $8519051894 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $8519051894 |
| Total Investment Companies\* | &nbsp;&nbsp;&nbsp; 86495220 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 86495220 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 56020605 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 56020605 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 39200000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 39200000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificates of Deposit | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 63941302 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 63941302 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25974207 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25974207 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 227210872 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 227210872 |
| &nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 45000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 45000000 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 39200000 | &nbsp;&nbsp;&nbsp; 362126381 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 401326381 |
| Total Investments | &nbsp;&nbsp;&nbsp; $8644747114 | &nbsp;&nbsp;&nbsp; $418146986 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $9062894100 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(401278752)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(401278752)<br>|

---

**BHFTII-237**

------

**Brighthouse Funds Trust II**

**MetLife Stock Index Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Fair Value Hierarchy — (Continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; $(1904494)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(1904494)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

**BHFTII-238**

------

**Brighthouse Funds Trust II**

**MFS**<sup>®</sup> **Total Return Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—57.7% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Aerospace & Defense — 1.7%** | **Aerospace & Defense — 1.7%** | **Aerospace & Defense — 1.7%** |
| Boeing Co. (a) | 6128 | &nbsp;&nbsp;&nbsp; $1219656 |
| General Dynamics Corp.  | 10158 | &nbsp;&nbsp;&nbsp; 3486429 |
| L3Harris Technologies, Inc.  | 15318 | &nbsp;&nbsp;&nbsp; 5287007 |
|  |  | &nbsp;&nbsp;&nbsp; 9993092 |
| **Automobile Components — 1.6%** | **Automobile Components — 1.6%** | **Automobile Components — 1.6%** |
| Aptiv PLC (a) (b) | 66540 | &nbsp;&nbsp;&nbsp; 4620537 |
| Lear Corp.  | 38959 | &nbsp;&nbsp;&nbsp; 4717156 |
|  |  | &nbsp;&nbsp;&nbsp; 9337693 |
| **Banks — 4.1%** | **Banks — 4.1%** | **Banks — 4.1%** |
| Bank of America Corp.  | 188595 | &nbsp;&nbsp;&nbsp; 9194006 |
| JPMorgan Chase & Co.  | 22053 | &nbsp;&nbsp;&nbsp; 6487110 |
| PNC Financial Services Group, Inc.  | 24897 | &nbsp;&nbsp;&nbsp; 5180817 |
| Wells Fargo & Co.  | 31224 | &nbsp;&nbsp;&nbsp; 2485743 |
|  |  | &nbsp;&nbsp;&nbsp; 23347676 |
| **Beverages — 1.0%** | **Beverages — 1.0%** | **Beverages — 1.0%** |
| Constellation Brands, Inc. - Class A | 23909 | &nbsp;&nbsp;&nbsp; 3586350 |
| Diageo PLC | 104913 | &nbsp;&nbsp;&nbsp; 1949316 |
|  |  | &nbsp;&nbsp;&nbsp; 5535666 |
| **Building Products — 0.8%** | **Building Products — 0.8%** | **Building Products — 0.8%** |
| Masco Corp.  | 75154 | &nbsp;&nbsp;&nbsp; 4537047 |
| **Capital Markets — 5.3%** | **Capital Markets — 5.3%** | **Capital Markets — 5.3%** |
| Charles Schwab Corp.  | 155860 | &nbsp;&nbsp;&nbsp; 14647723 |
| CME Group, Inc.  | 3505 | &nbsp;&nbsp;&nbsp; 1035202 |
| Goldman Sachs Group, Inc.  | 4328 | &nbsp;&nbsp;&nbsp; 3661444 |
| Morgan Stanley | 19821 | &nbsp;&nbsp;&nbsp; 3261942 |
| Northern Trust Corp.  | 52981 | &nbsp;&nbsp;&nbsp; 7394558 |
|  |  | &nbsp;&nbsp;&nbsp; 30000869 |
| **Chemicals — 1.2%** | **Chemicals — 1.2%** | **Chemicals — 1.2%** |
| Axalta Coating Systems Ltd. (a) | 160319 | &nbsp;&nbsp;&nbsp; 4440836 |
| PPG Industries, Inc.  | 23988 | &nbsp;&nbsp;&nbsp; 2563838 |
|  |  | &nbsp;&nbsp;&nbsp; 7004674 |
| **Consumer Staples Distribution & Retail — 1.1%** | **Consumer Staples Distribution & Retail — 1.1%** | **Consumer Staples Distribution & Retail — 1.1%** |
| Albertsons Cos., Inc. - Class A (b) | 103179 | &nbsp;&nbsp;&nbsp; 1758170 |
| Target Corp.  | 21352 | &nbsp;&nbsp;&nbsp; 2587862 |
| U.S. Foods Holding Corp. (a) | 23541 | &nbsp;&nbsp;&nbsp; 2170716 |
|  |  | &nbsp;&nbsp;&nbsp; 6516748 |
| **Containers & Packaging — 0.7%** | **Containers & Packaging — 0.7%** | **Containers & Packaging — 0.7%** |
| Avery Dennison Corp.  | 10317 | &nbsp;&nbsp;&nbsp; 1781540 |
| Smurfit Westrock PLC | 48454 | &nbsp;&nbsp;&nbsp; 1930892 |
|  |  | &nbsp;&nbsp;&nbsp; 3712432 |
| **Distributors — 0.5%** | **Distributors — 0.5%** | **Distributors — 0.5%** |
| LKQ Corp. (b) | 97705 | &nbsp;&nbsp;&nbsp; 2869596 |
| **Diversified Telecommunication Services — 1.1%** | **Diversified Telecommunication Services — 1.1%** | **Diversified Telecommunication Services — 1.1%** |
| Comcast Corp. - Class A | 225475 | &nbsp;&nbsp;&nbsp; 6473387 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Electric Utilities — 2.4%** | **Electric Utilities — 2.4%** | **Electric Utilities — 2.4%** |
| Duke Energy Corp.  | 35443 | &nbsp;&nbsp;&nbsp; $4640906 |
| Exelon Corp.  | 49504 | &nbsp;&nbsp;&nbsp; 2426686 |
| PG&E Corp.  | 361608 | &nbsp;&nbsp;&nbsp; 6353453 |
|  |  | &nbsp;&nbsp;&nbsp; 13421045 |
| **Electrical Equipment — 0.3%** | **Electrical Equipment — 0.3%** | **Electrical Equipment — 0.3%** |
| Eaton Corp. PLC (b) | 5316 | &nbsp;&nbsp;&nbsp; 1901374 |
| **Energy Equipment & Services — 0.2%** | **Energy Equipment & Services — 0.2%** | **Energy Equipment & Services — 0.2%** |
| SLB Ltd.  | 22228 | &nbsp;&nbsp;&nbsp; 1142297 |
| **Entertainment — 0.4%** | **Entertainment — 0.4%** | **Entertainment — 0.4%** |
| Warner Bros Discovery, Inc. (a) | 93281 | &nbsp;&nbsp;&nbsp; 2561496 |
| **Financial Services — 0.7%** | **Financial Services — 0.7%** | **Financial Services — 0.7%** |
| Fidelity National Information Services, Inc.  | 62358 | &nbsp;&nbsp;&nbsp; 2925214 |
| Fiserv, Inc. (a) | 21152 | &nbsp;&nbsp;&nbsp; 1180281 |
|  |  | &nbsp;&nbsp;&nbsp; 4105495 |
| **Food Products — 0.2%** | **Food Products — 0.2%** | **Food Products — 0.2%** |
| Tyson Foods, Inc. - Class A | 20887 | &nbsp;&nbsp;&nbsp; 1338230 |
| **Ground Transportation — 1.0%** | **Ground Transportation — 1.0%** | **Ground Transportation — 1.0%** |
| Union Pacific Corp.  | 22684 | &nbsp;&nbsp;&nbsp; 5503592 |
| **Health Care Equipment & Supplies — 3.6%** | **Health Care Equipment & Supplies — 3.6%** | **Health Care Equipment & Supplies — 3.6%** |
| Becton Dickinson & Co.  | 62316 | &nbsp;&nbsp;&nbsp; 9797945 |
| Medtronic PLC | 122585 | &nbsp;&nbsp;&nbsp; 10621990 |
|  |  | &nbsp;&nbsp;&nbsp; 20419935 |
| **Health Care Providers & Services — 1.8%** | **Health Care Providers & Services — 1.8%** | **Health Care Providers & Services — 1.8%** |
| Cigna Group | 33099 | &nbsp;&nbsp;&nbsp; 8829158 |
| Humana, Inc.  | 8684 | &nbsp;&nbsp;&nbsp; 1505719 |
|  |  | &nbsp;&nbsp;&nbsp; 10334877 |
| **Hotels, Restaurants & Leisure — 0.3%** | **Hotels, Restaurants & Leisure — 0.3%** | **Hotels, Restaurants & Leisure — 0.3%** |
| Airbnb, Inc. - Class A (a) | 11430 | &nbsp;&nbsp;&nbsp; 1443380 |
| **Household Durables — 0.2%** | **Household Durables — 0.2%** | **Household Durables — 0.2%** |
| Mohawk Industries, Inc. (a) (b) | 12532 | &nbsp;&nbsp;&nbsp; 1233901 |
| **Industrial Conglomerates — 0.6%** | **Industrial Conglomerates — 0.6%** | **Industrial Conglomerates — 0.6%** |
| Honeywell International, Inc.  | 14722 | &nbsp;&nbsp;&nbsp; 3327614 |
| **Insurance — 4.3%** | **Insurance — 4.3%** | **Insurance — 4.3%** |
| Aon PLC - Class A | 25594 | &nbsp;&nbsp;&nbsp; 8261231 |
| Chubb Ltd.  | 21881 | &nbsp;&nbsp;&nbsp; 7131675 |
| Principal Financial Group, Inc.  | 11902 | &nbsp;&nbsp;&nbsp; 1072489 |
| Travelers Cos., Inc.  | 6109 | &nbsp;&nbsp;&nbsp; 1781873 |
| Willis Towers Watson PLC | 22016 | &nbsp;&nbsp;&nbsp; 6400051 |
|  |  | &nbsp;&nbsp;&nbsp; 24647319 |
| **IT Services — 1.3%** | **IT Services — 1.3%** | **IT Services — 1.3%** |
| Accenture PLC - Class A | 17022 | &nbsp;&nbsp;&nbsp; 3375293 |
| Amdocs Ltd. (b) | 18728 | &nbsp;&nbsp;&nbsp; 1222189 |

---

**BHFTII-239**

------

**Brighthouse Funds Trust II**

**MFS**<sup>®</sup> **Total Return Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **IT Services—(Continued)** | **IT Services—(Continued)** | **IT Services—(Continued)** |
| Cognizant Technology Solutions Corp. - Class A | 42288 | &nbsp;&nbsp;&nbsp; $2594369 |
|  |  | &nbsp;&nbsp;&nbsp; 7191851 |
| **Life Sciences Tools & Services — 1.4%** | **Life Sciences Tools & Services — 1.4%** | **Life Sciences Tools & Services — 1.4%** |
| Agilent Technologies, Inc.  | 13928 | &nbsp;&nbsp;&nbsp; 1587513 |
| ICON PLC (a) (b) | 25272 | &nbsp;&nbsp;&nbsp; 2796600 |
| Waters Corp. (a) | 12880 | &nbsp;&nbsp;&nbsp; 3835664 |
|  |  | &nbsp;&nbsp;&nbsp; 8219777 |
| **Machinery — 0.8%** | **Machinery — 0.8%** | **Machinery — 0.8%** |
| AGCO Corp.  | 17777 | &nbsp;&nbsp;&nbsp; 2059821 |
| Flowserve Corp.  | 17670 | &nbsp;&nbsp;&nbsp; 1298922 |
| Techtronic Industries Co. Ltd.  | 82000 | &nbsp;&nbsp;&nbsp; 1091473 |
|  |  | &nbsp;&nbsp;&nbsp; 4450216 |
| **Media — 1.8%** | **Media — 1.8%** | **Media — 1.8%** |
| Omnicom Group, Inc.  | 130280 | &nbsp;&nbsp;&nbsp; 9811387 |
| Versant Media Group, Inc. (a) | 9019 | &nbsp;&nbsp;&nbsp; 333883 |
|  |  | &nbsp;&nbsp;&nbsp; 10145270 |
| **Metals & Mining — 0.4%** | **Metals & Mining — 0.4%** | **Metals & Mining — 0.4%** |
| Glencore PLC (a) | 272096 | &nbsp;&nbsp;&nbsp; 2073373 |
| **Multi-Utilities — 1.0%** | **Multi-Utilities — 1.0%** | **Multi-Utilities — 1.0%** |
| National Grid PLC | 280393 | &nbsp;&nbsp;&nbsp; 4727130 |
| Sempra | 10066 | &nbsp;&nbsp;&nbsp; 978113 |
|  |  | &nbsp;&nbsp;&nbsp; 5705243 |
| **Oil, Gas & Consumable Fuels — 4.5%** | **Oil, Gas & Consumable Fuels — 4.5%** | **Oil, Gas & Consumable Fuels — 4.5%** |
| Chevron Corp.  | 20590 | &nbsp;&nbsp;&nbsp; 4260071 |
| ConocoPhillips | 75861 | &nbsp;&nbsp;&nbsp; 10013652 |
| Diamondback Energy, Inc.  | 12746 | &nbsp;&nbsp;&nbsp; 2521031 |
| Exxon Mobil Corp.  | 41874 | &nbsp;&nbsp;&nbsp; 7104343 |
| Suncor Energy, Inc.  | 30508 | &nbsp;&nbsp;&nbsp; 2017857 |
|  |  | &nbsp;&nbsp;&nbsp; 25916954 |
| **Passenger Airlines — 0.4%** | **Passenger Airlines — 0.4%** | **Passenger Airlines — 0.4%** |
| Delta Air Lines, Inc.  | 33087 | &nbsp;&nbsp;&nbsp; 2199624 |
| **Personal Care Products — 1.5%** | **Personal Care Products — 1.5%** | **Personal Care Products — 1.5%** |
| Kenvue, Inc.  | 499447 | &nbsp;&nbsp;&nbsp; 8610466 |
| **Pharmaceuticals — 3.9%** | **Pharmaceuticals — 3.9%** | **Pharmaceuticals — 3.9%** |
| Johnson & Johnson | 32539 | &nbsp;&nbsp;&nbsp; 7953833 |
| Organon & Co.  | 34047 | &nbsp;&nbsp;&nbsp; 203942 |
| Pfizer, Inc.  | 419386 | &nbsp;&nbsp;&nbsp; 11776359 |
| Roche Holding AG | 5768 | &nbsp;&nbsp;&nbsp; 2277586 |
|  |  | &nbsp;&nbsp;&nbsp; 22211720 |
| **Professional Services — 0.3%** | **Professional Services — 0.3%** | **Professional Services — 0.3%** |
| Equifax, Inc.  | 5297 | &nbsp;&nbsp;&nbsp; 953831 |
| Leidos Holdings, Inc.  | 6045 | &nbsp;&nbsp;&nbsp; 940118 |
|  |  | &nbsp;&nbsp;&nbsp; 1893949 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Semiconductors & Semiconductor Equipment — 1.3%** | **Semiconductors & Semiconductor Equipment — 1.3%** | **Semiconductors & Semiconductor Equipment — 1.3%** |
| Intel Corp. (a) | 65575 | &nbsp;&nbsp;&nbsp; $2893825 |
| NXP Semiconductors NV | 23048 | &nbsp;&nbsp;&nbsp; 4537229 |
|  |  | &nbsp;&nbsp;&nbsp; 7431054 |
| **Software — 2.5%** | **Software — 2.5%** | **Software — 2.5%** |
| Microsoft Corp.  | 27712 | &nbsp;&nbsp;&nbsp; 10258151 |
| Salesforce, Inc.  | 21836 | &nbsp;&nbsp;&nbsp; 4076126 |
|  |  | &nbsp;&nbsp;&nbsp; 14334277 |
| **Tobacco — 1.5%** | **Tobacco — 1.5%** | **Tobacco — 1.5%** |
| Altria Group, Inc.  | 22144 | &nbsp;&nbsp;&nbsp; 1461282 |
| Philip Morris International, Inc.  | 42690 | &nbsp;&nbsp;&nbsp; 7058365 |
|  |  | &nbsp;&nbsp;&nbsp; 8519647 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $266,156,614) <br>|  | &nbsp;&nbsp;&nbsp; 329612856 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Corporate Bonds & Notes—13.3%** | **Corporate Bonds & Notes—13.3%** | **Corporate Bonds & Notes—13.3%** |
| **Aerospace/Defense — 0.3%** | **Aerospace/Defense — 0.3%** | **Aerospace/Defense — 0.3%** |
| BAE Systems PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 04/15/30 (144A) (b) | 336000 | &nbsp;&nbsp;&nbsp; 322186 |
| Boeing Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.805%, 05/01/50 (b) | 253000 | &nbsp;&nbsp;&nbsp; 244582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.528%, 05/01/34 (b) | 553000 | &nbsp;&nbsp;&nbsp; 602406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.858%, 05/01/54 (b) | 221000 | &nbsp;&nbsp;&nbsp; 243227 |
|  |  | &nbsp;&nbsp;&nbsp; 1412401 |
| **Agriculture — 0.4%** | **Agriculture — 0.4%** | **Agriculture — 0.4%** |
| BAT International Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.448%, 03/16/28 (b) | 1364000 | &nbsp;&nbsp;&nbsp; 1364544 |
| Philip Morris International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 11/17/27 (b) | 233000 | &nbsp;&nbsp;&nbsp; 236124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 02/15/30 (b) | 307000 | &nbsp;&nbsp;&nbsp; 313245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 11/17/29 | 114000 | &nbsp;&nbsp;&nbsp; 118489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 11/17/32 (b) | 481000 | &nbsp;&nbsp;&nbsp; 506358 |
|  |  | &nbsp;&nbsp;&nbsp; 2538760 |
| **Auto Manufacturers — 0.2%** | **Auto Manufacturers — 0.2%** | **Auto Manufacturers — 0.2%** |
| Stellantis Finance U.S., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.691%, 09/15/31 (144A) | 1012000 | &nbsp;&nbsp;&nbsp; 855296 |
| **Banks — 2.2%** | **Banks — 2.2%** | **Banks — 2.2%** |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.572%, SOFR + 1.210%, 10/20/32 (c) | 900000 | &nbsp;&nbsp;&nbsp; 800747 |
| Deutsche Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.311%, SOFR + 1.219%, 11/16/27 (c) | 258000 | &nbsp;&nbsp;&nbsp; 254482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.720%, SOFR + 3.180%, 01/18/29 (b) (c) | 628000 | &nbsp;&nbsp;&nbsp; 650637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.146%, SOFR + 2.520%, 07/13/27 (b) (c) | 239000 | &nbsp;&nbsp;&nbsp; 240612 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.383%, SOFR + 1.248%, 07/21/32 (c) | 834000 | &nbsp;&nbsp;&nbsp; 736233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.600%, 02/07/30 | 623000 | &nbsp;&nbsp;&nbsp; 579529 |
| HSBC Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 5Y H15 + 3.250%, 03/09/31 (c) | 332000 | &nbsp;&nbsp;&nbsp; 302415 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.545%, SOFR + 1.180%, 11/08/32 (b) (c) | 1455000 | &nbsp;&nbsp;&nbsp; 1293369 |

---

**BHFTII-240**

------

**Brighthouse Funds Trust II**

**MFS**<sup>®</sup> **Total Return Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.963%, SOFR + 1.260%, 01/25/33 (c) | 558000 | &nbsp;&nbsp;&nbsp; $506230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.897%, 3M TSFR + 1.482%, 01/23/49 (c) | 323000 | &nbsp;&nbsp;&nbsp; 248031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.766%, SOFR + 1.490%, 04/22/35 (c) | 838000 | &nbsp;&nbsp;&nbsp; 872848 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.852%, 1Y H15 + 1.100%, 01/19/33 (b) (c) | 920000 | &nbsp;&nbsp;&nbsp; 823028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.615%, 1Y H15 + 1.270%, 04/24/36 (b) (c) | 217000 | &nbsp;&nbsp;&nbsp; 222073 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.699%, SOFR + 1.143%, 01/22/31 (c) | 722000 | &nbsp;&nbsp;&nbsp; 670394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.943%, SOFR + 1.290%, 01/21/33 (c) | 922000 | &nbsp;&nbsp;&nbsp; 829005 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.472%, 01/14/29 (b) | 1536000 | &nbsp;&nbsp;&nbsp; 1457044 |
| UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.095%, 1Y H15 + 1.000%, 02/11/32 (144A) (c) | 2090000 | &nbsp;&nbsp;&nbsp; 1841438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.699%, 1Y H15 + 1.770%, 02/08/35 (144A) (c) | 439000 | &nbsp;&nbsp;&nbsp; 450027 |
|  |  | &nbsp;&nbsp;&nbsp; 12778142 |
| **Beverages — 0.4%** | **Beverages — 0.4%** | **Beverages — 0.4%** |
| Anheuser-Busch InBev Worldwide, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 04/15/38 (b) | 213000 | &nbsp;&nbsp;&nbsp; 198322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 11/15/39 | 871000 | &nbsp;&nbsp;&nbsp; 1088566 |
| Diageo Capital PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 10/24/29 (b) | 835000 | &nbsp;&nbsp;&nbsp; 780834 |
|  |  | &nbsp;&nbsp;&nbsp; 2067722 |
| **Building Materials — 0.2%** | **Building Materials — 0.2%** | **Building Materials — 0.2%** |
| Martin Marietta Materials, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/15/30 | 52000 | &nbsp;&nbsp;&nbsp; 48098 |
| Masco Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/15/31 (b) | 1141000 | &nbsp;&nbsp;&nbsp; 1005415 |
| Vulcan Materials Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/30 | 119000 | &nbsp;&nbsp;&nbsp; 114071 |
|  |  | &nbsp;&nbsp;&nbsp; 1167584 |
| **Chemicals — 0.0%** | **Chemicals — 0.0%** | **Chemicals — 0.0%** |
| RPM International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 01/15/32 | 231000 | &nbsp;&nbsp;&nbsp; 207660 |
| **Commercial Services — 0.5%** | **Commercial Services — 0.5%** | **Commercial Services — 0.5%** |
| Ashtead Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/11/32 (144A) | 1117000 | &nbsp;&nbsp;&nbsp; 1132649 |
| ERAC USA Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 10/15/37 (144A) | 201000 | &nbsp;&nbsp;&nbsp; 228521 |
| Experian Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/01/29 (144A) (b) | 533000 | &nbsp;&nbsp;&nbsp; 529019 |
| Global Payments, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 11/15/31 | 215000 | &nbsp;&nbsp;&nbsp; 188391 |
| Verisk Analytics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 03/15/29 (b) | 574000 | &nbsp;&nbsp;&nbsp; 570837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 04/01/33 | 419000 | &nbsp;&nbsp;&nbsp; 433629 |
|  |  | &nbsp;&nbsp;&nbsp; 3083046 |
| **Cosmetics/Personal Care — 0.0%** | **Cosmetics/Personal Care — 0.0%** | **Cosmetics/Personal Care — 0.0%** |
| Kenvue, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 03/22/33 (b) | 216000 | &nbsp;&nbsp;&nbsp; 217738 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Diversified Financial Services — 1.2%** | **Diversified Financial Services — 1.2%** | **Diversified Financial Services — 1.2%** |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.450%, 10/29/26 | 1534000 | &nbsp;&nbsp;&nbsp; $1517103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, 07/21/27 | 320000 | &nbsp;&nbsp;&nbsp; 316580 |
| Avolon Holdings Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 02/15/27 (144A) | 599000 | &nbsp;&nbsp;&nbsp; 592235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 05/01/26 (144A) | 215000 | &nbsp;&nbsp;&nbsp; 214989 |
| Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.273%, SOFR + 1.790%, 03/01/30 (b) (c) | 1286000 | &nbsp;&nbsp;&nbsp; 1238298 |
| Charles Schwab Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.853%, SOFR + 2.500%, 05/19/34 (b) (c) | 1257000 | &nbsp;&nbsp;&nbsp; 1320184 |
| Intercontinental Exchange, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.100%, 06/15/30 (b) | 614000 | &nbsp;&nbsp;&nbsp; 558459 |
| LPL Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 05/15/31 (144A) (b) | 1122000 | &nbsp;&nbsp;&nbsp; 1073256 |
|  |  | &nbsp;&nbsp;&nbsp; 6831104 |
| **Electric — 1.2%** | **Electric — 1.2%** | **Electric — 1.2%** |
| American Electric Power Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 11/01/32 (b) | 344000 | &nbsp;&nbsp;&nbsp; 363142 |
| Brazos Securitization LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.243%, 03/01/43 (144A) | 448000 | &nbsp;&nbsp;&nbsp; 444396 |
| Consumers Securitization Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 03/01/28 | 96708 | &nbsp;&nbsp;&nbsp; 97466 |
| Duke Energy Carolinas LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 01/15/33 (b) | 1154000 | &nbsp;&nbsp;&nbsp; 1171426 |
| Duke Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/15/32 (b) | 818000 | &nbsp;&nbsp;&nbsp; 805116 |
| Electricite de France SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.900%, 05/23/53 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 213951 |
| Empire District Bondco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.943%, 01/01/35 | 281947 | &nbsp;&nbsp;&nbsp; 285686 |
| Exelon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, 04/15/30 (b) | 498000 | &nbsp;&nbsp;&nbsp; 487698 |
| Georgia Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 01/30/50 | 40000 | &nbsp;&nbsp;&nbsp; 29262 |
| Jersey Central Power & Light Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 03/01/32 (144A) (b) | 256000 | &nbsp;&nbsp;&nbsp; 229973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 01/15/35 (b) | 176000 | &nbsp;&nbsp;&nbsp; 175924 |
| Oncor Electric Delivery Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 03/15/29 (b) | 605000 | &nbsp;&nbsp;&nbsp; 626404 |
| Pacific Gas & Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.100%, 08/01/27 | 135000 | &nbsp;&nbsp;&nbsp; 130837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/31 (b) | 470000 | &nbsp;&nbsp;&nbsp; 421216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/15/28 (b) | 422000 | &nbsp;&nbsp;&nbsp; 408280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 08/01/40 (b) | 309000 | &nbsp;&nbsp;&nbsp; 231089 |
| Virginia Power Fuel Securitization LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.088%, 05/01/29 | 182772 | &nbsp;&nbsp;&nbsp; 183645 |
| Xcel Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 06/01/30 (b) | 323000 | &nbsp;&nbsp;&nbsp; 308411 |
|  |  | &nbsp;&nbsp;&nbsp; 6613922 |
| **Electronics — 0.1%** | **Electronics — 0.1%** | **Electronics — 0.1%** |
| Arrow Electronics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 02/15/32 (b) | 753000 | &nbsp;&nbsp;&nbsp; 665318 |

---

**BHFTII-241**

------

**Brighthouse Funds Trust II**

**MFS**<sup>®</sup> **Total Return Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Environmental Control — 0.3%** | **Environmental Control — 0.3%** | **Environmental Control — 0.3%** |
| Republic Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.450%, 02/15/31 (b) | 253000 | &nbsp;&nbsp;&nbsp; $219364 |
| Waste Management, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 02/15/34 (b) | 1541000 | &nbsp;&nbsp;&nbsp; 1558200 |
|  |  | &nbsp;&nbsp;&nbsp; 1777564 |
| **Food — 0.2%** | **Food — 0.2%** | **Food — 0.2%** |
| Mars, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 03/01/35 (144A) | 1181000 | &nbsp;&nbsp;&nbsp; 1192244 |
| **Gas — 0.1%** | **Gas — 0.1%** | **Gas — 0.1%** |
| East Ohio Gas Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 06/15/30 (144A) (b) | 340000 | &nbsp;&nbsp;&nbsp; 305159 |
| NiSource, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 02/01/45 | 136000 | &nbsp;&nbsp;&nbsp; 131587 |
|  |  | &nbsp;&nbsp;&nbsp; 436746 |
| **Healthcare-Products — 0.1%** | **Healthcare-Products — 0.1%** | **Healthcare-Products — 0.1%** |
| Alcon Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.600%, 05/27/30 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 184985 |
| Boston Scientific Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.650%, 06/01/30 (b) | 439000 | &nbsp;&nbsp;&nbsp; 409028 |
|  |  | &nbsp;&nbsp;&nbsp; 594013 |
| **Healthcare-Services — 0.5%** | **Healthcare-Services — 0.5%** | **Healthcare-Services — 0.5%** |
| Adventist Health System |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.430%, 03/01/32 (b) | 731000 | &nbsp;&nbsp;&nbsp; 742337 |
| Cigna Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 03/15/40 | 165000 | &nbsp;&nbsp;&nbsp; 127829 |
| HCA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 06/15/39 | 488000 | &nbsp;&nbsp;&nbsp; 459902 |
| Humana, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/01/33 | 401000 | &nbsp;&nbsp;&nbsp; 409735 |
| Northwell Healthcare, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.979%, 11/01/46 | 51000 | &nbsp;&nbsp;&nbsp; 39615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.260%, 11/01/47 (b) | 379000 | &nbsp;&nbsp;&nbsp; 307031 |
| UnitedHealth Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/15/34 (b) | 555000 | &nbsp;&nbsp;&nbsp; 555434 |
|  |  | &nbsp;&nbsp;&nbsp; 2641883 |
| **Insurance — 1.2%** | **Insurance — 1.2%** | **Insurance — 1.2%** |
| AIA Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 04/07/30 (144A) | 804000 | &nbsp;&nbsp;&nbsp; 777361 |
| Aon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/15/28 | 528000 | &nbsp;&nbsp;&nbsp; 530428 |
| Brown & Brown, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 03/17/32 (b) | 622000 | &nbsp;&nbsp;&nbsp; 587116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 06/23/35 (b) | 151000 | &nbsp;&nbsp;&nbsp; 150799 |
| Corebridge Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 04/05/32 (b) | 958000 | &nbsp;&nbsp;&nbsp; 898408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 01/15/34 (b) | 356000 | &nbsp;&nbsp;&nbsp; 365142 |
| Fairfax Financial Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/16/32 | 1171000 | &nbsp;&nbsp;&nbsp; 1201296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/07/33 | 24000 | &nbsp;&nbsp;&nbsp; 25074 |
| Liberty Mutual Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.951%, 10/15/50 (144A) | 334000 | &nbsp;&nbsp;&nbsp; 242415 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Insurance—(Continued)** | **Insurance—(Continued)** | **Insurance—(Continued)** |
| Marsh & McLennan Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 03/15/36 (b) | 716000 | &nbsp;&nbsp;&nbsp; $709232 |
| Sammons Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 04/08/32 (144A) (b) | 171000 | &nbsp;&nbsp;&nbsp; 162908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/15/34 (144A) (b) | 853000 | &nbsp;&nbsp;&nbsp; 903127 |
|  |  | &nbsp;&nbsp;&nbsp; 6553306 |
| **Lodging — 0.2%** | **Lodging — 0.2%** | **Lodging — 0.2%** |
| Las Vegas Sands Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 08/08/29 (b) | 281000 | &nbsp;&nbsp;&nbsp; 270751 |
| Marriott International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 10/15/33 (b) | 479000 | &nbsp;&nbsp;&nbsp; 413972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.850%, 04/15/31 | 2000 | &nbsp;&nbsp;&nbsp; 1831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 06/15/30 (b) | 586000 | &nbsp;&nbsp;&nbsp; 586065 |
|  |  | &nbsp;&nbsp;&nbsp; 1272619 |
| **Machinery-Diversified — 0.1%** | **Machinery-Diversified — 0.1%** | **Machinery-Diversified — 0.1%** |
| Westinghouse Air Brake Technologies Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 09/15/28 | 665000 | &nbsp;&nbsp;&nbsp; 666950 |
| **Media — 0.2%** | **Media — 0.2%** | **Media — 0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications <br> Operating Capital<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.384%, 10/23/35 | 316000 | &nbsp;&nbsp;&nbsp; 320893 |
| Time Warner Cable Enterprises LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 07/15/33 (b) | 597000 | &nbsp;&nbsp;&nbsp; 675969 |
|  |  | &nbsp;&nbsp;&nbsp; 996862 |
| **Mining — 0.5%** | **Mining — 0.5%** | **Mining — 0.5%** |
| Anglo American Capital PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 09/10/30 (144A) | 1340000 | &nbsp;&nbsp;&nbsp; 1222533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 03/16/29 (144A) (b) | 200000 | &nbsp;&nbsp;&nbsp; 195963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 04/01/30 (144A) | 524000 | &nbsp;&nbsp;&nbsp; 540336 |
| Glencore Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/30 (144A) (b) | 469000 | &nbsp;&nbsp;&nbsp; 426481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.850%, 04/27/31 (144A) (b) | 194000 | &nbsp;&nbsp;&nbsp; 176574 |
|  |  | &nbsp;&nbsp;&nbsp; 2561887 |
| **Oil & Gas — 0.8%** | **Oil & Gas — 0.8%** | **Oil & Gas — 0.8%** |
| BP Capital Markets America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.721%, 01/12/32 | 1229000 | &nbsp;&nbsp;&nbsp; 1110559 |
| Diamondback Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 04/18/34 (b) | 352000 | &nbsp;&nbsp;&nbsp; 357349 |
| Eni SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 09/12/28 (144A) (b) | 1046000 | &nbsp;&nbsp;&nbsp; 1053613 |
| EQT Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 02/01/34 (b) | 842000 | &nbsp;&nbsp;&nbsp; 868046 |
| Phillips 66 Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.150%, 12/15/30 (b) | 846000 | &nbsp;&nbsp;&nbsp; 758442 |
| Santos Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 11/13/35 (144A) | 244000 | &nbsp;&nbsp;&nbsp; 244566 |
|  |  | &nbsp;&nbsp;&nbsp; 4392575 |
| **Pipelines — 0.5%** | **Pipelines — 0.5%** | **Pipelines — 0.5%** |
| Enbridge, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 04/05/34 (b) | 824000 | &nbsp;&nbsp;&nbsp; 849947 |

---

**BHFTII-242**

------

**Brighthouse Funds Trust II**

**MFS**<sup>®</sup> **Total Return Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Pipelines—(Continued)** | **Pipelines—(Continued)** | **Pipelines—(Continued)** |
| Plains All American Pipeline LP/PAA Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 09/15/30 | 543000 | &nbsp;&nbsp;&nbsp; $523219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 09/15/34 | 242000 | &nbsp;&nbsp;&nbsp; 247195 |
| Sabine Pass Liquefaction LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/15/30 (b) | 137000 | &nbsp;&nbsp;&nbsp; 136005 |
| Spectra Energy Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 10/15/26 | 220000 | &nbsp;&nbsp;&nbsp; 218898 |
| Targa Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 02/01/33 | 221000 | &nbsp;&nbsp;&nbsp; 209229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 03/15/33 | 652000 | &nbsp;&nbsp;&nbsp; 689542 |
|  |  | &nbsp;&nbsp;&nbsp; 2874035 |
| **Real Estate Investment Trusts — 0.7%** | **Real Estate Investment Trusts — 0.7%** | **Real Estate Investment Trusts — 0.7%** |
| Boston Properties LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.550%, 04/01/32 (b) | 363000 | &nbsp;&nbsp;&nbsp; 311498 |
| Brixmor Operating Partnership LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, 07/01/30 (b) | 517000 | &nbsp;&nbsp;&nbsp; 503015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 05/15/29 (b) | 47000 | &nbsp;&nbsp;&nbsp; 46362 |
| Crown Castle, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, 09/01/27 | 789000 | &nbsp;&nbsp;&nbsp; 779557 |
| Equinix, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.800%, 07/15/27 | 397000 | &nbsp;&nbsp;&nbsp; 383560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/15/31 | 505000 | &nbsp;&nbsp;&nbsp; 450747 |
| GLP Capital LP/GLP Financing II, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 01/15/29 | 480000 | &nbsp;&nbsp;&nbsp; 484163 |
| Public Storage Operating Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 08/01/33 (b) | 1143000 | &nbsp;&nbsp;&nbsp; 1167268 |
| Realty Income Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 01/15/31 | 142000 | &nbsp;&nbsp;&nbsp; 133523 |
|  |  | &nbsp;&nbsp;&nbsp; 4259693 |
| **Retail — 0.2%** | **Retail — 0.2%** | **Retail — 0.2%** |
| Alimentation Couche-Tard, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.439%, 05/13/41 (144A) (b) | 670000 | &nbsp;&nbsp;&nbsp; 528305 |
| Genuine Parts Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 02/01/32 (b) | 1005000 | &nbsp;&nbsp;&nbsp; 871056 |
|  |  | &nbsp;&nbsp;&nbsp; 1399361 |
| **Semiconductors — 0.1%** | **Semiconductors — 0.1%** | **Semiconductors — 0.1%** |
| Broadcom, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.926%, 05/15/37 (144A) | 817000 | &nbsp;&nbsp;&nbsp; 792427 |
| **Software — 0.4%** | **Software — 0.4%** | **Software — 0.4%** |
| Fiserv, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.650%, 06/01/30 | 184000 | &nbsp;&nbsp;&nbsp; 167542 |
| Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 02/06/33 (b) | 219000 | &nbsp;&nbsp;&nbsp; 207544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 09/26/35 (b) | 670000 | &nbsp;&nbsp;&nbsp; 628457 |
| Roper Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 06/30/30 (b) | 394000 | &nbsp;&nbsp;&nbsp; 351625 |
| Salesforce, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 03/15/33 | 358000 | &nbsp;&nbsp;&nbsp; 357389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 03/15/36 | 358000 | &nbsp;&nbsp;&nbsp; 356886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.400%, 03/15/46 | 238000 | &nbsp;&nbsp;&nbsp; 239648 |
|  |  | &nbsp;&nbsp;&nbsp; 2309091 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Telecommunications — 0.5%** | **Telecommunications — 0.5%** | **Telecommunications — 0.5%** |
| NTT Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.502%, 07/16/35 (144A) (b) | 200000 | &nbsp;&nbsp;&nbsp; $202846 |
| Rogers Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 03/15/32 | 993000 | &nbsp;&nbsp;&nbsp; 926953 |
| T-Mobile USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.050%, 02/15/28 (b) | 561000 | &nbsp;&nbsp;&nbsp; 538096 |
| Verizon Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.150%, 03/22/30 | 289000 | &nbsp;&nbsp;&nbsp; 275254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.812%, 03/15/39 (b) | 535000 | &nbsp;&nbsp;&nbsp; 498697 |
| Vodafone Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 02/10/53 (b) | 219000 | &nbsp;&nbsp;&nbsp; 204508 |
|  |  | &nbsp;&nbsp;&nbsp; 2646354 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $78,842,067) <br>|  | &nbsp;&nbsp;&nbsp; 75806303 |
| **U.S. Treasury & Government Agencies—10.0%** | **U.S. Treasury & Government Agencies—10.0%** | **U.S. Treasury & Government Agencies—10.0%** |
| **U.S. Treasury — 10.0%** | **U.S. Treasury — 10.0%** | **U.S. Treasury — 10.0%** |
| U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 11/15/51 | 650000 | &nbsp;&nbsp;&nbsp; 357068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 08/15/46 | 11800000 | &nbsp;&nbsp;&nbsp; 7691664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 02/15/52 | 2200000 | &nbsp;&nbsp;&nbsp; 1325844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/15/45 | 68000 | &nbsp;&nbsp;&nbsp; 47688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/43 | 2550000 | &nbsp;&nbsp;&nbsp; 1958420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 11/15/46 | 2439000 | &nbsp;&nbsp;&nbsp; 1782852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/42 | 900000 | &nbsp;&nbsp;&nbsp; 814394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/52 | 1100000 | &nbsp;&nbsp;&nbsp; 945098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 08/15/53 | 1100000 | &nbsp;&nbsp;&nbsp; 964648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/15/54 | 5320000 | &nbsp;&nbsp;&nbsp; 4765556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/15/44 | 1400000 | &nbsp;&nbsp;&nbsp; 1338805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/15/54 | 4100000 | &nbsp;&nbsp;&nbsp; 3830297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 11/15/53 | 3200000 | &nbsp;&nbsp;&nbsp; 3111375 |
| U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 12/31/27 (b) | 1400000 | &nbsp;&nbsp;&nbsp; 1389227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/35 (b) | 2350000 | &nbsp;&nbsp;&nbsp; 2292352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 07/31/28 | 5000000 | &nbsp;&nbsp;&nbsp; 5034375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 06/30/29 | 7200000 | &nbsp;&nbsp;&nbsp; 7287187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 11/15/34 | 7000000 | &nbsp;&nbsp;&nbsp; 6998086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/15/27 (d) | 1500000 | &nbsp;&nbsp;&nbsp; 1511420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/31/29 | 3860000 | &nbsp;&nbsp;&nbsp; 3934787 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury & Government Agencies <br>(Cost $61,681,481) <br>|  | &nbsp;&nbsp;&nbsp; 57381143 |
| **Agency Sponsored Mortgage-Backed Securities—9.4% of Net Assets** | **Agency Sponsored Mortgage-Backed Securities—9.4% of Net Assets** | **Agency Sponsored Mortgage-Backed Securities—9.4% of Net Assets** |
| **Agency Collateralized Mortgage Obligations — 0.5%** | **Agency Collateralized Mortgage Obligations — 0.5%** | **Agency Collateralized Mortgage Obligations — 0.5%** |
| Federal Home Loan Mortgage Corp. REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/15/39 | 22899 | &nbsp;&nbsp;&nbsp; 21959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/15/42 | 94813 | &nbsp;&nbsp;&nbsp; 89346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/15/40 (e) | 3605 | &nbsp;&nbsp;&nbsp; 332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/15/40 | 31356 | &nbsp;&nbsp;&nbsp; 31697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/15/36 (e) | 10423 | &nbsp;&nbsp;&nbsp; 1578 |

---

**BHFTII-243**

------

**Brighthouse Funds Trust II**

**MFS**<sup>®</sup> **Total Return Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Collateralized Mortgage Obligations—(Continued)** | **Agency Collateralized Mortgage Obligations—(Continued)** | **Agency Collateralized Mortgage Obligations—(Continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Seasoned Credit Risk Transfer <br> Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/25/59 | 86682 | &nbsp;&nbsp;&nbsp; $76273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/25/58 | 81139 | &nbsp;&nbsp;&nbsp; 77228 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal National Mortgage Association Connecticut Avenue <br> Securities Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.662%, SOFR30A + 1.000%, 02/25/45 (144A) (c) | 192163 | &nbsp;&nbsp;&nbsp; 191866 |
| Federal National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/25/46 | 34388 | &nbsp;&nbsp;&nbsp; 31987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/25/33 (e) | 36505 | &nbsp;&nbsp;&nbsp; 2361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 05/25/40 | 16685 | &nbsp;&nbsp;&nbsp; 15855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/25/40 | 22816 | &nbsp;&nbsp;&nbsp; 22567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/25/46 (e) | 64059 | &nbsp;&nbsp;&nbsp; 11515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.562%, SOFR30A + 1.900%, 11/25/53 (c) | 336345 | &nbsp;&nbsp;&nbsp; 345143 |
| Government National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.890%, 1M TSFR + 0.214%, 09/20/41 (c) | 166850 | &nbsp;&nbsp;&nbsp; 164333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/20/41 | 34625 | &nbsp;&nbsp;&nbsp; 33844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.403%, SOFR30A + 0.730%, 02/20/56 (c) | 594031 | &nbsp;&nbsp;&nbsp; 593012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.473%, SOFR30A + 0.800%, 02/20/66 (c) | 469159 | &nbsp;&nbsp;&nbsp; 468715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/20/41 | 22134 | &nbsp;&nbsp;&nbsp; 22176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.523%, SOFR30A + 0.850%, 09/20/65 (c) | 363185 | &nbsp;&nbsp;&nbsp; 364219 |
|  |  | &nbsp;&nbsp;&nbsp; 2566006 |
| **Agency Mortgage-Backed Securities — 8.9%** | **Agency Mortgage-Backed Securities — 8.9%** | **Agency Mortgage-Backed Securities — 8.9%** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 03/01/51 | 89337 | &nbsp;&nbsp;&nbsp; 69360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 10/01/51 | 149253 | &nbsp;&nbsp;&nbsp; 115352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/42 | 376678 | &nbsp;&nbsp;&nbsp; 326773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/01/51 | 418575 | &nbsp;&nbsp;&nbsp; 340389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/52 | 694322 | &nbsp;&nbsp;&nbsp; 563184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/01/48 | 51048 | &nbsp;&nbsp;&nbsp; 44203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/01/51 | 229480 | &nbsp;&nbsp;&nbsp; 196695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/01/51 | 2053004 | &nbsp;&nbsp;&nbsp; 1732223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/52 | 199559 | &nbsp;&nbsp;&nbsp; 168702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/01/52 | 452318 | &nbsp;&nbsp;&nbsp; 382141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/52 | 52004 | &nbsp;&nbsp;&nbsp; 44056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/38 | 136285 | &nbsp;&nbsp;&nbsp; 128477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/42 | 186650 | &nbsp;&nbsp;&nbsp; 170947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/01/43 | 426321 | &nbsp;&nbsp;&nbsp; 390781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/43 | 371320 | &nbsp;&nbsp;&nbsp; 340211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/46 | 152373 | &nbsp;&nbsp;&nbsp; 138029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/46 | 345428 | &nbsp;&nbsp;&nbsp; 313022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/46 | 367805 | &nbsp;&nbsp;&nbsp; 332740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/48 | 31982 | &nbsp;&nbsp;&nbsp; 28657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/01/52 | 144800 | &nbsp;&nbsp;&nbsp; 127529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/52 | 683944 | &nbsp;&nbsp;&nbsp; 602099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/37 | 93039 | &nbsp;&nbsp;&nbsp; 89732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/42 | 142844 | &nbsp;&nbsp;&nbsp; 135101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/42 | 79395 | &nbsp;&nbsp;&nbsp; 75141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/42 | 111978 | &nbsp;&nbsp;&nbsp; 106117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/43 | 12719 | &nbsp;&nbsp;&nbsp; 11985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/43 | 158167 | &nbsp;&nbsp;&nbsp; 148873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/45 | 86049 | &nbsp;&nbsp;&nbsp; 80833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/46 | 417150 | &nbsp;&nbsp;&nbsp; 390101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/52 | 71395 | &nbsp;&nbsp;&nbsp; 66119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/37 | 25543 | &nbsp;&nbsp;&nbsp; 25075 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/40 | 115343 | &nbsp;&nbsp;&nbsp; $111563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/41 | 240644 | &nbsp;&nbsp;&nbsp; 232125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/44 | 91828 | &nbsp;&nbsp;&nbsp; 88570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/47 | 150033 | &nbsp;&nbsp;&nbsp; 143691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/35 | 8421 | &nbsp;&nbsp;&nbsp; 8345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/01/39 | 143753 | &nbsp;&nbsp;&nbsp; 143117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/39 | 42967 | &nbsp;&nbsp;&nbsp; 42576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/39 | 23255 | &nbsp;&nbsp;&nbsp; 23043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/39 | 13275 | &nbsp;&nbsp;&nbsp; 13154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/01/39 | 21655 | &nbsp;&nbsp;&nbsp; 21458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/42 | 39349 | &nbsp;&nbsp;&nbsp; 38990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/52 | 406644 | &nbsp;&nbsp;&nbsp; 394142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/33 | 31268 | &nbsp;&nbsp;&nbsp; 31635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/34 | 10083 | &nbsp;&nbsp;&nbsp; 10064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/34 | 6137 | &nbsp;&nbsp;&nbsp; 6212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/35 | 7131 | &nbsp;&nbsp;&nbsp; 7201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/35 | 18181 | &nbsp;&nbsp;&nbsp; 18355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/35 | 15724 | &nbsp;&nbsp;&nbsp; 15905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/36 | 9822 | &nbsp;&nbsp;&nbsp; 9926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/39 | 67305 | &nbsp;&nbsp;&nbsp; 68105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/52 | 410335 | &nbsp;&nbsp;&nbsp; 407396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/01/53 | 598228 | &nbsp;&nbsp;&nbsp; 592670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/53 | 82272 | &nbsp;&nbsp;&nbsp; 81425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/55 | 44858 | &nbsp;&nbsp;&nbsp; 44279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/33 | 39958 | &nbsp;&nbsp;&nbsp; 40283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/34 | 29149 | &nbsp;&nbsp;&nbsp; 29817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/34 | 3463 | &nbsp;&nbsp;&nbsp; 3520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/01/34 | 5296 | &nbsp;&nbsp;&nbsp; 5358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/01/35 | 2782 | &nbsp;&nbsp;&nbsp; 2847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/35 | 5266 | &nbsp;&nbsp;&nbsp; 5380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/35 | 13281 | &nbsp;&nbsp;&nbsp; 13436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/53 | 408791 | &nbsp;&nbsp;&nbsp; 412588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/53 | 147363 | &nbsp;&nbsp;&nbsp; 150469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/34 | 26143 | &nbsp;&nbsp;&nbsp; 26678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/34 | 5225 | &nbsp;&nbsp;&nbsp; 5368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/01/34 | 45973 | &nbsp;&nbsp;&nbsp; 46984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/34 | 1631 | &nbsp;&nbsp;&nbsp; 1682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/35 | 8320 | &nbsp;&nbsp;&nbsp; 8738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/01/35 | 9418 | &nbsp;&nbsp;&nbsp; 9892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/35 | 8891 | &nbsp;&nbsp;&nbsp; 9125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/36 | 5298 | &nbsp;&nbsp;&nbsp; 5418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/01/36 | 4074 | &nbsp;&nbsp;&nbsp; 4159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/37 | 21632 | &nbsp;&nbsp;&nbsp; 22636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/37 | 5483 | &nbsp;&nbsp;&nbsp; 5595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/52 | 81735 | &nbsp;&nbsp;&nbsp; 84919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/55 | 383963 | &nbsp;&nbsp;&nbsp; 397746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/55 | 450000 | &nbsp;&nbsp;&nbsp; 458819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 05/01/34 | 2595 | &nbsp;&nbsp;&nbsp; 2686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/01/34 | 13823 | &nbsp;&nbsp;&nbsp; 14306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 08/01/34 | 2943 | &nbsp;&nbsp;&nbsp; 3050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/01/34 | 13589 | &nbsp;&nbsp;&nbsp; 14148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 11/01/34 | 28069 | &nbsp;&nbsp;&nbsp; 29409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 05/01/37 | 12074 | &nbsp;&nbsp;&nbsp; 12688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 07/01/37 | 10218 | &nbsp;&nbsp;&nbsp; 10764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 09/01/54 | 163166 | &nbsp;&nbsp;&nbsp; 171151 |

---

**BHFTII-244**

------

**Brighthouse Funds Trust II**

**MFS**<sup>®</sup> **Total Return Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 11/01/54 | 182121 | &nbsp;&nbsp;&nbsp; $189754 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured Pass-<br> Through Certificates<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.196%, 11/25/27 (c) (e) | 5207000 | &nbsp;&nbsp;&nbsp; 16874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.249%, 12/25/27 (c) (e) | 3235000 | &nbsp;&nbsp;&nbsp; 13983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.275%, 11/25/27 (c) (e) | 3420770 | &nbsp;&nbsp;&nbsp; 12914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.279%, 09/25/27 (c) (e) | 3341000 | &nbsp;&nbsp;&nbsp; 16988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.285%, 11/25/32 (c) (e) | 2519679 | &nbsp;&nbsp;&nbsp; 34260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.293%, 12/25/27 (c) (e) | 3579000 | &nbsp;&nbsp;&nbsp; 19299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.316%, 11/25/27 (c) (e) | 3107033 | &nbsp;&nbsp;&nbsp; 13407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.318%, 01/25/31 (c) (e) | 1551449 | &nbsp;&nbsp;&nbsp; 18205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.326%, 08/25/27 (c) (e) | 3107000 | &nbsp;&nbsp;&nbsp; 15649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.349%, 11/25/31 (c) (e) | 2325421 | &nbsp;&nbsp;&nbsp; 39947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.357%, 12/25/27 (c) (e) | 5171561 | &nbsp;&nbsp;&nbsp; 29364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.403%, 08/25/27 (c) (e) | 1920431 | &nbsp;&nbsp;&nbsp; 9612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.496%, 12/25/31 (c) (e) | 2074891 | &nbsp;&nbsp;&nbsp; 50294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.505%, 08/25/31 (c) (e) | 482183 | &nbsp;&nbsp;&nbsp; 11149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.509%, 03/25/31 (c) (e) | 1246984 | &nbsp;&nbsp;&nbsp; 25669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.536%, 09/25/31 (c) (e) | 1578796 | &nbsp;&nbsp;&nbsp; 41110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.561%, 07/25/27 (c) (e) | 3579659 | &nbsp;&nbsp;&nbsp; 19890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.566%, 12/25/31 (c) (e) | 3517256 | &nbsp;&nbsp;&nbsp; 95031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.638%, 06/25/27 (c) (e) | 4356000 | &nbsp;&nbsp;&nbsp; 37254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.725%, 06/25/27 (c) (e) | 1310079 | &nbsp;&nbsp;&nbsp; 8206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.732%, 03/25/31 (c) (e) | 539591 | &nbsp;&nbsp;&nbsp; 18045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.779%, 01/25/31 (c) (e) | 658188 | &nbsp;&nbsp;&nbsp; 22835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.854%, 09/25/31 (c) (e) | 453515 | &nbsp;&nbsp;&nbsp; 18502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.935%, 01/25/31 (c) (e) | 441180 | &nbsp;&nbsp;&nbsp; 17445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.938%, 07/25/31 (c) (e) | 361575 | &nbsp;&nbsp;&nbsp; 16372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.080%, 11/25/30 (c) (e) | 400945 | &nbsp;&nbsp;&nbsp; 17941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.081%, 07/25/29 (c) (e) | 246602 | &nbsp;&nbsp;&nbsp; 7682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.135%, 08/25/29 (c) (e) | 1540149 | &nbsp;&nbsp;&nbsp; 51864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.168%, 09/25/30 (c) (e) | 229735 | &nbsp;&nbsp;&nbsp; 10723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.213%, 05/25/31 (c) (e) | 240722 | &nbsp;&nbsp;&nbsp; 13111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.341%, 06/25/30 (c) (e) | 396103 | &nbsp;&nbsp;&nbsp; 20000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.597%, 08/25/30 (c) (e) | 357560 | &nbsp;&nbsp;&nbsp; 22086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.666%, 05/25/30 (c) (e) | 384386 | &nbsp;&nbsp;&nbsp; 24455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.797%, 04/25/30 (c) (e) | 300000 | &nbsp;&nbsp;&nbsp; 19550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.799%, 05/25/30 (c) (e) | 1002928 | &nbsp;&nbsp;&nbsp; 67272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.839%, 04/25/30 (c) (e) | 808011 | &nbsp;&nbsp;&nbsp; 53678 |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 02/01/42 | 27019 | &nbsp;&nbsp;&nbsp; 23054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/42 | 545780 | &nbsp;&nbsp;&nbsp; 473409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/42 | 341840 | &nbsp;&nbsp;&nbsp; 296260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/42 | 583696 | &nbsp;&nbsp;&nbsp; 506041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/01/50 | 187705 | &nbsp;&nbsp;&nbsp; 152745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/51 | 61038 | &nbsp;&nbsp;&nbsp; 50207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/51 | 157045 | &nbsp;&nbsp;&nbsp; 127601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/51 | 63240 | &nbsp;&nbsp;&nbsp; 51251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/51 | 56626 | &nbsp;&nbsp;&nbsp; 45862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/52 | 329806 | &nbsp;&nbsp;&nbsp; 266884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/52 | 88924 | &nbsp;&nbsp;&nbsp; 71783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/01/31 | 10135 | &nbsp;&nbsp;&nbsp; 9761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/37 | 177754 | &nbsp;&nbsp;&nbsp; 168092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/42 | 260674 | &nbsp;&nbsp;&nbsp; 234208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/01/42 | 410788 | &nbsp;&nbsp;&nbsp; 368851 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/01/50 | 400573 | &nbsp;&nbsp;&nbsp; $340993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/50 | 144157 | &nbsp;&nbsp;&nbsp; 123523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/50 | 213337 | &nbsp;&nbsp;&nbsp; 182681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/01/50 | 27783 | &nbsp;&nbsp;&nbsp; 23958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/50 | 165195 | &nbsp;&nbsp;&nbsp; 141824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/01/50 | 268822 | &nbsp;&nbsp;&nbsp; 231120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/51 | 249074 | &nbsp;&nbsp;&nbsp; 210592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/01/51 | 1173910 | &nbsp;&nbsp;&nbsp; 988913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/01/51 | 832316 | &nbsp;&nbsp;&nbsp; 701538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/01/51 | 99576 | &nbsp;&nbsp;&nbsp; 85441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/01/51 | 39250 | &nbsp;&nbsp;&nbsp; 33270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/01/51 | 885860 | &nbsp;&nbsp;&nbsp; 755084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/01/52 | 754538 | &nbsp;&nbsp;&nbsp; 645094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/52 | 220061 | &nbsp;&nbsp;&nbsp; 186295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/52 | 494336 | &nbsp;&nbsp;&nbsp; 422073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/01/52 | 588328 | &nbsp;&nbsp;&nbsp; 496956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/01/52 | 20106 | &nbsp;&nbsp;&nbsp; 17015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/52 | 558266 | &nbsp;&nbsp;&nbsp; 469939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/28 | 14456 | &nbsp;&nbsp;&nbsp; 14270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/30 | 12814 | &nbsp;&nbsp;&nbsp; 12539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/33 | 9938 | &nbsp;&nbsp;&nbsp; 9634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/33 | 296424 | &nbsp;&nbsp;&nbsp; 285734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/01/33 | 16619 | &nbsp;&nbsp;&nbsp; 16031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/01/37 | 40099 | &nbsp;&nbsp;&nbsp; 37868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/37 | 71706 | &nbsp;&nbsp;&nbsp; 67299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/46 | 66181 | &nbsp;&nbsp;&nbsp; 59899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/01/51 | 20564 | &nbsp;&nbsp;&nbsp; 18151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/51 | 87908 | &nbsp;&nbsp;&nbsp; 79064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/01/51 | 526433 | &nbsp;&nbsp;&nbsp; 467693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/52 | 237211 | &nbsp;&nbsp;&nbsp; 212006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/52 | 940409 | &nbsp;&nbsp;&nbsp; 827626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/52 | 847900 | &nbsp;&nbsp;&nbsp; 746079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/01/52 | 325138 | &nbsp;&nbsp;&nbsp; 286190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/52 | 286176 | &nbsp;&nbsp;&nbsp; 251858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/52 | 19131 | &nbsp;&nbsp;&nbsp; 16923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/38 | 67271 | &nbsp;&nbsp;&nbsp; 64656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/41 | 11434 | &nbsp;&nbsp;&nbsp; 10838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/42 | 157670 | &nbsp;&nbsp;&nbsp; 149166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/43 | 67891 | &nbsp;&nbsp;&nbsp; 63935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/43 | 219590 | &nbsp;&nbsp;&nbsp; 206795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/43 | 187457 | &nbsp;&nbsp;&nbsp; 176573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/43 | 273630 | &nbsp;&nbsp;&nbsp; 257289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/43 | 108123 | &nbsp;&nbsp;&nbsp; 101868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/43 | 390709 | &nbsp;&nbsp;&nbsp; 367375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/45 | 300260 | &nbsp;&nbsp;&nbsp; 283469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/45 | 268851 | &nbsp;&nbsp;&nbsp; 252450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/01/45 | 218379 | &nbsp;&nbsp;&nbsp; 205351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/46 | 74912 | &nbsp;&nbsp;&nbsp; 70418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/46 | 84713 | &nbsp;&nbsp;&nbsp; 79437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/46 | 270985 | &nbsp;&nbsp;&nbsp; 253826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/52 | 175340 | &nbsp;&nbsp;&nbsp; 161150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/40 | 180954 | &nbsp;&nbsp;&nbsp; 174864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/40 | 54822 | &nbsp;&nbsp;&nbsp; 52948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/40 | 122032 | &nbsp;&nbsp;&nbsp; 117370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/41 | 68340 | &nbsp;&nbsp;&nbsp; 66019 |

---

**BHFTII-245**

------

**Brighthouse Funds Trust II**

**MFS**<sup>®</sup> **Total Return Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/41 | 126517 | &nbsp;&nbsp;&nbsp; $122194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/41 | 54515 | &nbsp;&nbsp;&nbsp; 52652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/42 | 393137 | &nbsp;&nbsp;&nbsp; 379601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/42 | 38558 | &nbsp;&nbsp;&nbsp; 37230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/42 | 47985 | &nbsp;&nbsp;&nbsp; 46331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/42 | 48942 | &nbsp;&nbsp;&nbsp; 47253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/43 | 58775 | &nbsp;&nbsp;&nbsp; 56636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/43 | 12722 | &nbsp;&nbsp;&nbsp; 12284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/43 | 112084 | &nbsp;&nbsp;&nbsp; 108181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/43 | 50304 | &nbsp;&nbsp;&nbsp; 48584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/43 | 44756 | &nbsp;&nbsp;&nbsp; 43204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/44 | 29345 | &nbsp;&nbsp;&nbsp; 28326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/44 | 99351 | &nbsp;&nbsp;&nbsp; 95902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/44 | 37482 | &nbsp;&nbsp;&nbsp; 36101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/47 | 128769 | &nbsp;&nbsp;&nbsp; 122370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/33 | 28042 | &nbsp;&nbsp;&nbsp; 27978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/01/34 | 81663 | &nbsp;&nbsp;&nbsp; 80982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/38 | 158999 | &nbsp;&nbsp;&nbsp; 158295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/01/40 | 27825 | &nbsp;&nbsp;&nbsp; 27485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/40 | 5803 | &nbsp;&nbsp;&nbsp; 5739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/41 | 34618 | &nbsp;&nbsp;&nbsp; 34260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/41 | 107618 | &nbsp;&nbsp;&nbsp; 106505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/01/42 | 25637 | &nbsp;&nbsp;&nbsp; 25372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/01/43 | 64279 | &nbsp;&nbsp;&nbsp; 63615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/44 | 408267 | &nbsp;&nbsp;&nbsp; 404046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/44 | 36864 | &nbsp;&nbsp;&nbsp; 36421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/52 | 343406 | &nbsp;&nbsp;&nbsp; 333404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/33 | 16047 | &nbsp;&nbsp;&nbsp; 16216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/34 | 14056 | &nbsp;&nbsp;&nbsp; 14160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/01/34 | 4669 | &nbsp;&nbsp;&nbsp; 4721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/34 | 5710 | &nbsp;&nbsp;&nbsp; 5731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/34 | 22378 | &nbsp;&nbsp;&nbsp; 22545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/35 | 13760 | &nbsp;&nbsp;&nbsp; 13877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/35 | 46667 | &nbsp;&nbsp;&nbsp; 47067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/35 | 15563 | &nbsp;&nbsp;&nbsp; 15700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/35 | 10861 | &nbsp;&nbsp;&nbsp; 10961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/35 | 40516 | &nbsp;&nbsp;&nbsp; 40855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/39 | 15669 | &nbsp;&nbsp;&nbsp; 15779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/39 | 24296 | &nbsp;&nbsp;&nbsp; 24578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/39 | 12409 | &nbsp;&nbsp;&nbsp; 12541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/40 | 21896 | &nbsp;&nbsp;&nbsp; 22096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/41 | 16986 | &nbsp;&nbsp;&nbsp; 17152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/01/53 | 382898 | &nbsp;&nbsp;&nbsp; 379193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/33 | 1136 | &nbsp;&nbsp;&nbsp; 1142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/01/33 | 493 | &nbsp;&nbsp;&nbsp; 496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/33 | 34149 | &nbsp;&nbsp;&nbsp; 34625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/01/33 | 25956 | &nbsp;&nbsp;&nbsp; 26388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/01/33 | 16333 | &nbsp;&nbsp;&nbsp; 16626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/34 | 10001 | &nbsp;&nbsp;&nbsp; 10133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/34 | 21607 | &nbsp;&nbsp;&nbsp; 22000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/34 | 8091 | &nbsp;&nbsp;&nbsp; 8132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/34 | 10936 | &nbsp;&nbsp;&nbsp; 10991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/01/34 | 31989 | &nbsp;&nbsp;&nbsp; 32194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/34 | 64785 | &nbsp;&nbsp;&nbsp; 65168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/01/34 | 17049 | &nbsp;&nbsp;&nbsp; 17267 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/34 | 95298 | &nbsp;&nbsp;&nbsp; $97261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/34 | 80209 | &nbsp;&nbsp;&nbsp; 80656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/01/34 | 130829 | &nbsp;&nbsp;&nbsp; 132581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/34 | 38215 | &nbsp;&nbsp;&nbsp; 38905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/35 | 67800 | &nbsp;&nbsp;&nbsp; 69964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/35 | 17405 | &nbsp;&nbsp;&nbsp; 17892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/35 | 45499 | &nbsp;&nbsp;&nbsp; 46952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/01/52 | 1103672 | &nbsp;&nbsp;&nbsp; 1112244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/01/53 | 426658 | &nbsp;&nbsp;&nbsp; 429417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/55 | 218339 | &nbsp;&nbsp;&nbsp; 219439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/01/55 | 67735 | &nbsp;&nbsp;&nbsp; 68076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/32 | 22752 | &nbsp;&nbsp;&nbsp; 23439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/34 | 5964 | &nbsp;&nbsp;&nbsp; 6080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/34 | 62223 | &nbsp;&nbsp;&nbsp; 63445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/34 | 55271 | &nbsp;&nbsp;&nbsp; 56478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/34 | 28344 | &nbsp;&nbsp;&nbsp; 28954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/01/34 | 51634 | &nbsp;&nbsp;&nbsp; 53139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/01/34 | 21140 | &nbsp;&nbsp;&nbsp; 21548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/34 | 6014 | &nbsp;&nbsp;&nbsp; 6195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/34 | 3187 | &nbsp;&nbsp;&nbsp; 3278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/01/35 | 4229 | &nbsp;&nbsp;&nbsp; 4357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/35 | 10958 | &nbsp;&nbsp;&nbsp; 11431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/01/35 | 21736 | &nbsp;&nbsp;&nbsp; 22607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/35 | 22743 | &nbsp;&nbsp;&nbsp; 23682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/36 | 20695 | &nbsp;&nbsp;&nbsp; 21442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/36 | 13551 | &nbsp;&nbsp;&nbsp; 14050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/36 | 2260 | &nbsp;&nbsp;&nbsp; 2365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/37 | 15175 | &nbsp;&nbsp;&nbsp; 15647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/54 | 138948 | &nbsp;&nbsp;&nbsp; 142296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/54 | 386385 | &nbsp;&nbsp;&nbsp; 395228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/54 | 460222 | &nbsp;&nbsp;&nbsp; 469793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/55 | 1022761 | &nbsp;&nbsp;&nbsp; 1042873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/01/31 | 3964 | &nbsp;&nbsp;&nbsp; 4098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 09/01/31 | 7611 | &nbsp;&nbsp;&nbsp; 7869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/01/32 | 3178 | &nbsp;&nbsp;&nbsp; 3286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 07/01/32 | 13793 | &nbsp;&nbsp;&nbsp; 14360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 08/01/32 | 9290 | &nbsp;&nbsp;&nbsp; 9604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 01/01/33 | 7109 | &nbsp;&nbsp;&nbsp; 7349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/01/34 | 20364 | &nbsp;&nbsp;&nbsp; 21054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/01/34 | 5505 | &nbsp;&nbsp;&nbsp; 5764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/01/36 | 8260 | &nbsp;&nbsp;&nbsp; 8636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 05/01/36 | 12386 | &nbsp;&nbsp;&nbsp; 13001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/01/37 | 29762 | &nbsp;&nbsp;&nbsp; 31193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 07/01/37 | 6915 | &nbsp;&nbsp;&nbsp; 7192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/01/53 | 65611 | &nbsp;&nbsp;&nbsp; 67831 |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/20/50 | 299289 | &nbsp;&nbsp;&nbsp; 247383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 01/20/52 | 942752 | &nbsp;&nbsp;&nbsp; 779252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/20/51 | 211036 | &nbsp;&nbsp;&nbsp; 181670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/20/51 | 859859 | &nbsp;&nbsp;&nbsp; 740520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/20/52 | 843729 | &nbsp;&nbsp;&nbsp; 726361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/20/45 | 62040 | &nbsp;&nbsp;&nbsp; 56363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/20/46 | 28216 | &nbsp;&nbsp;&nbsp; 25520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/20/46 | 31113 | &nbsp;&nbsp;&nbsp; 28206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/20/46 | 70282 | &nbsp;&nbsp;&nbsp; 63714 |

---

**BHFTII-246**

------

**Brighthouse Funds Trust II**

**MFS**<sup>®</sup> **Total Return Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/20/47 | 331199 | &nbsp;&nbsp;&nbsp; $299345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/20/48 | 472178 | &nbsp;&nbsp;&nbsp; 427047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/20/48 | 27848 | &nbsp;&nbsp;&nbsp; 25170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/20/48 | 9547 | &nbsp;&nbsp;&nbsp; 8629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/20/51 | 131396 | &nbsp;&nbsp;&nbsp; 117389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/20/52 | 291946 | &nbsp;&nbsp;&nbsp; 260824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/20/52 | 641519 | &nbsp;&nbsp;&nbsp; 573142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/20/52 | 349277 | &nbsp;&nbsp;&nbsp; 312542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/15/41 | 159034 | &nbsp;&nbsp;&nbsp; 149584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/15/42 | 23736 | &nbsp;&nbsp;&nbsp; 22311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/20/43 | 160092 | &nbsp;&nbsp;&nbsp; 151708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/20/43 | 200026 | &nbsp;&nbsp;&nbsp; 189556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/20/47 | 27077 | &nbsp;&nbsp;&nbsp; 25445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/20/48 | 313585 | &nbsp;&nbsp;&nbsp; 293912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/20/41 | 171060 | &nbsp;&nbsp;&nbsp; 164639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/20/41 | 42665 | &nbsp;&nbsp;&nbsp; 41059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/20/41 | 33822 | &nbsp;&nbsp;&nbsp; 32542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/20/42 | 44942 | &nbsp;&nbsp;&nbsp; 43212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/20/52 | 167688 | &nbsp;&nbsp;&nbsp; 158595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/20/52 | 76246 | &nbsp;&nbsp;&nbsp; 72145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/20/52 | 462614 | &nbsp;&nbsp;&nbsp; 438241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/20/33 | 1994 | &nbsp;&nbsp;&nbsp; 1980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/15/33 | 12773 | &nbsp;&nbsp;&nbsp; 12634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/20/33 | 1640 | &nbsp;&nbsp;&nbsp; 1627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/20/34 | 1276 | &nbsp;&nbsp;&nbsp; 1265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/20/35 | 7225 | &nbsp;&nbsp;&nbsp; 7174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/15/39 | 35711 | &nbsp;&nbsp;&nbsp; 35507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/15/40 | 65814 | &nbsp;&nbsp;&nbsp; 65132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/15/40 | 61500 | &nbsp;&nbsp;&nbsp; 60455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/15/40 | 20674 | &nbsp;&nbsp;&nbsp; 20378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/20/41 | 47974 | &nbsp;&nbsp;&nbsp; 47564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/20/52 | 1150029 | &nbsp;&nbsp;&nbsp; 1119903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/20/52 | 513484 | &nbsp;&nbsp;&nbsp; 499875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/20/52 | 561930 | &nbsp;&nbsp;&nbsp; 547038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/20/33 | 6100 | &nbsp;&nbsp;&nbsp; 6144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/15/34 | 4812 | &nbsp;&nbsp;&nbsp; 4853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/15/34 | 12694 | &nbsp;&nbsp;&nbsp; 12801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/34 | 1957 | &nbsp;&nbsp;&nbsp; 1951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/15/35 | 4678 | &nbsp;&nbsp;&nbsp; 4756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/20/53 | 36299 | &nbsp;&nbsp;&nbsp; 36198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/20/53 | 410277 | &nbsp;&nbsp;&nbsp; 407840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/20/53 | 1138096 | &nbsp;&nbsp;&nbsp; 1133518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/15/32 | 8445 | &nbsp;&nbsp;&nbsp; 8523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/15/33 | 21369 | &nbsp;&nbsp;&nbsp; 21614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/15/33 | 24139 | &nbsp;&nbsp;&nbsp; 24740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/15/34 | 16890 | &nbsp;&nbsp;&nbsp; 17001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/15/35 | 5539 | &nbsp;&nbsp;&nbsp; 5578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/20/53 | 397382 | &nbsp;&nbsp;&nbsp; 402266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/20/54 | 469579 | &nbsp;&nbsp;&nbsp; 475472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/20/55 | 536931 | &nbsp;&nbsp;&nbsp; 541026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/15/28 | 3533 | &nbsp;&nbsp;&nbsp; 3578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/15/31 | 3511 | &nbsp;&nbsp;&nbsp; 3559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/15/32 | 30889 | &nbsp;&nbsp;&nbsp; 31958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/15/33 | 144 | &nbsp;&nbsp;&nbsp; 146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/15/33 | 667 | &nbsp;&nbsp;&nbsp; 681 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/15/33 | 30036 | &nbsp;&nbsp;&nbsp; $31176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/15/33 | 109 | &nbsp;&nbsp;&nbsp; 110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/15/34 | 13938 | &nbsp;&nbsp;&nbsp; 14260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/15/34 | 10828 | &nbsp;&nbsp;&nbsp; 10938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/20/35 | 8623 | &nbsp;&nbsp;&nbsp; 9027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/20/35 | 4465 | &nbsp;&nbsp;&nbsp; 4635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/20/35 | 8034 | &nbsp;&nbsp;&nbsp; 8416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/15/38 | 35280 | &nbsp;&nbsp;&nbsp; 36949 |
| Uniform Mortgage-Backed Security, TBA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, TBA (f) | 850000 | &nbsp;&nbsp;&nbsp; 655762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, TBA (f) | 700000 | &nbsp;&nbsp;&nbsp; 703224 |
|  |  | &nbsp;&nbsp;&nbsp; 50883146 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Agency Sponsored Mortgage-Backed Securities <br>(Cost $57,872,755) <br>|  | &nbsp;&nbsp;&nbsp; 53449152 |
| **Asset-Backed Securities—4.2%** | **Asset-Backed Securities—4.2%** | **Asset-Backed Securities—4.2%** |
| **Asset-Backed - Automobile — 0.4%** | **Asset-Backed - Automobile — 0.4%** | **Asset-Backed - Automobile — 0.4%** |
| AmeriCredit Automobile Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.220%, 03/19/29 (144A) | 157000 | &nbsp;&nbsp;&nbsp; 157097 |
| ARI Fleet Lease Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.050%, 07/15/32 (144A) | 28956 | &nbsp;&nbsp;&nbsp; 29105 |
| AutoNation Finance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 01/11/29 (144A) | 254000 | &nbsp;&nbsp;&nbsp; 253776 |
| Chesapeake Funding II LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 05/15/35 (144A) | 128527 | &nbsp;&nbsp;&nbsp; 128712 |
| Credit Acceptance Auto Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.390%, 08/15/33 (144A) | 45756 | &nbsp;&nbsp;&nbsp; 45857 |
| Enterprise Fleet Financing LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/20/28 (144A) | 516000 | &nbsp;&nbsp;&nbsp; 514678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.690%, 07/20/27 (144A) | 103926 | &nbsp;&nbsp;&nbsp; 104153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.400%, 03/20/30 (144A) | 129974 | &nbsp;&nbsp;&nbsp; 131142 |
| GLS Auto Select Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.370%, 06/15/28 (144A) | 5770 | &nbsp;&nbsp;&nbsp; 5780 |
| Hyundai Auto Lease Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.580%, 09/15/27 (144A) | 286955 | &nbsp;&nbsp;&nbsp; 287533 |
| Santander Drive Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.040%, 03/15/29 | 390000 | &nbsp;&nbsp;&nbsp; 389815 |
| Stellantis Financial Underwritten Enhanced Lease Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.630%, 07/20/27 (144A) | 316759 | &nbsp;&nbsp;&nbsp; 317272 |
|  |  | &nbsp;&nbsp;&nbsp; 2364920 |
| **Asset-Backed - Home Equity — 0.0%** | **Asset-Backed - Home Equity — 0.0%** | **Asset-Backed - Home Equity — 0.0%** |
| Bayview Financial Revolving Asset Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.388%, 1M TSFR + 1.714%, 12/28/40 (144A) (c) | 62320 | &nbsp;&nbsp;&nbsp; 160229 |
| GMACM Home Equity Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.805%, 10/25/36 (c) | 14521 | &nbsp;&nbsp;&nbsp; 14542 |
| Home Equity Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.413%, 12/25/35 (c) | 20344 | &nbsp;&nbsp;&nbsp; 260 |
|  |  | &nbsp;&nbsp;&nbsp; 175031 |
| **Asset-Backed - Other — 3.8%** | **Asset-Backed - Other — 3.8%** | **Asset-Backed - Other — 3.8%** |
| Affirm Asset Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.080%, 04/15/30 (144A) | 16537 | &nbsp;&nbsp;&nbsp; 16546 |

---

**BHFTII-247**

------

**Brighthouse Funds Trust II**

**MFS**<sup>®</sup> **Total Return Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Asset-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| Arbor Realty Commercial Real Estate Notes Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.772%, SOFR30A + 2.100%, 01/15/37 (144A) (c) | 1466500 | &nbsp;&nbsp;&nbsp; $1467439 |
| BDS LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.077%, 1M TSFR + 1.400%, 07/19/43 (144A) (c) | 937757 | &nbsp;&nbsp;&nbsp; 937697 |
| BSPRT Issuer Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.722%, SOFR30A + 2.050%, 02/15/37 (144A) (c) | 524000 | &nbsp;&nbsp;&nbsp; 522764 |
| Business Jet Securities LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.197%, 05/15/39 (144A) | 177911 | &nbsp;&nbsp;&nbsp; 180251 |
| Dryden 55 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.954%, 3M TSFR + 1.282%, 04/15/31 (144A) (c) | 219553 | &nbsp;&nbsp;&nbsp; 219529 |
| Dryden 86 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.268%, 3M TSFR + 1.600%, 07/17/34 (144A) (c) | 1450285 | &nbsp;&nbsp;&nbsp; 1450429 |
| LoanCore Issuer Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.537%, 1M TSFR + 1.864%, 07/15/36 (144A) (c) | 396258 | &nbsp;&nbsp;&nbsp; 395803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.687%, 1M TSFR + 2.014%, 11/15/38 (144A) (c) | 3913500 | &nbsp;&nbsp;&nbsp; 3917441 |
| MF1 LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.230%, 1M TSFR + 1.550%, 02/18/41 (144A) (c) | 625350 | &nbsp;&nbsp;&nbsp; 625667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.380%, 1M TSFR + 1.700%, 02/18/43 (144A) (c) | 1180000 | &nbsp;&nbsp;&nbsp; 1184148 |
| MF1 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.627%, 1M TSFR + 1.950%, 02/19/37 (144A) (c) | 650507 | &nbsp;&nbsp;&nbsp; 650439 |
| Neuberger Berman CLO XX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.822%, 3M TSFR + 1.150%, 04/15/39 (144A) (c) | 600000 | &nbsp;&nbsp;&nbsp; 598532 |
| OCP CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.318%, 3M TSFR + 1.650%, 01/26/38 (144A) (c) | 4041128 | &nbsp;&nbsp;&nbsp; 4040975 |
| OneMain Financial Issuance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.940%, 05/15/34 (144A) | 49124 | &nbsp;&nbsp;&nbsp; 49202 |
| Palmer Square Loan Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.810%, 3M TSFR + 1.150%, 08/08/32 (144A) (c) | 1329638 | &nbsp;&nbsp;&nbsp; 1328132 |
| Parallel Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.468%, 3M TSFR + 1.800%, 07/20/36 (144A) (c) | 523330 | &nbsp;&nbsp;&nbsp; 523313 |
| Starwood Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.472%, SOFR30A + 1.800%, 11/15/38 (144A) (c) | 1507000 | &nbsp;&nbsp;&nbsp; 1500740 |
| TRTX Issuer Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.130%, 1M TSFR + 1.450%, 06/18/43 (144A) (c) | 1276419 | &nbsp;&nbsp;&nbsp; 1276018 |
| Voya Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.384%, 3M TSFR + 1.712%, 10/15/30 (144A) (c) | 560470 | &nbsp;&nbsp;&nbsp; 560567 |
|  |  | &nbsp;&nbsp;&nbsp; 21445632 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities <br>(Cost $23,905,360) <br>|  | &nbsp;&nbsp;&nbsp; 23985583 |
| **Non-Agency Mortgage-Backed Securities—3.2%** | **Non-Agency Mortgage-Backed Securities—3.2%** | **Non-Agency Mortgage-Backed Securities—3.2%** |
| **Collateralized Mortgage Obligations — 1.1%** | **Collateralized Mortgage Obligations — 1.1%** | **Collateralized Mortgage Obligations — 1.1%** |
| Angel Oak Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.960%, 09/25/70 (144A) (c) | 195427 | &nbsp;&nbsp;&nbsp; 194413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.138%, 09/25/69 (144A) (g) | 333573 | &nbsp;&nbsp;&nbsp; 333181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.348%, 10/25/69 (144A) (g) | 625881 | &nbsp;&nbsp;&nbsp; 626313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.653%, 10/25/69 (144A) (g) | 536417 | &nbsp;&nbsp;&nbsp; 538801 |
| COLT Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.123%, 08/25/69 (144A) (g) | 374342 | &nbsp;&nbsp;&nbsp; 373757 |
| JP Morgan Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.745%, 06/25/66 (144A) (c) | 127838 | &nbsp;&nbsp;&nbsp; 126476 |
| Morgan Stanley Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.809%, 12/25/70 (144A) (c) | 205790 | &nbsp;&nbsp;&nbsp; 203855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.152%, 07/25/70 (144A) (c) | 591847 | &nbsp;&nbsp;&nbsp; 590520 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** |
| Morgan Stanley Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.241%, 11/25/70 (144A) (g) | 193116 | &nbsp;&nbsp;&nbsp; $192294 |
| OBX Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.021%, 10/25/65 (144A) (c) | 265987 | &nbsp;&nbsp;&nbsp; 264989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.316%, 10/25/64 (144A) (g) | 212574 | &nbsp;&nbsp;&nbsp; 213134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.441%, 05/25/65 (144A) (c) | 253965 | &nbsp;&nbsp;&nbsp; 254756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.547%, 12/25/64 (144A) (c) | 293946 | &nbsp;&nbsp;&nbsp; 295095 |
| PMT Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.812%, SOFR30A + 1.150%, 01/25/57 (144A) (c) | 788967 | &nbsp;&nbsp;&nbsp; 787897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.108%, SOFR30A + 1.450%, 03/25/57 (144A) (c) | 350945 | &nbsp;&nbsp;&nbsp; 350145 |
| Rate Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.212%, SOFR30A + 1.550%, 11/25/55 (144A) (c) | 769531 | &nbsp;&nbsp;&nbsp; 773314 |
| Verus Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.935%, 10/27/70 (144A) (c) | 130569 | &nbsp;&nbsp;&nbsp; 129929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.364%, 10/25/69 (144A) (c) | 133013 | &nbsp;&nbsp;&nbsp; 133214 |
|  |  | &nbsp;&nbsp;&nbsp; 6382083 |
| **Commercial Mortgage-Backed Securities — 2.1%** | **Commercial Mortgage-Backed Securities — 2.1%** | **Commercial Mortgage-Backed Securities — 2.1%** |
| ACRES Commercial Realty Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.368%, 1M TSFR + 1.450%, 08/18/44 (144A) (c) | 1147500 | &nbsp;&nbsp;&nbsp; 1148358 |
| Arbor Realty Commercial Real Estate Notes LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.170%, 1M TSFR + 1.500%, 09/20/43 (144A) (c) | 226662 | &nbsp;&nbsp;&nbsp; 226945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.420%, 1M TSFR + 1.750%, 09/20/43 (144A) (c) | 100000 | &nbsp;&nbsp;&nbsp; 100061 |
| ARDN Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.423%, 1M TSFR + 1.750%, 06/15/35 (144A) (c) | 1112000 | &nbsp;&nbsp;&nbsp; 1107483 |
| AREIT Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.522%, SOFR30A + 1.850%, 01/20/37 (144A) (c) | 892000 | &nbsp;&nbsp;&nbsp; 889246 |
| Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.745%, 08/15/56 | 533187 | &nbsp;&nbsp;&nbsp; 554654 |
| Bank5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.225%, 11/15/58 | 524095 | &nbsp;&nbsp;&nbsp; 534497 |
| Benchmark Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.184%, 10/15/58 | 505432 | &nbsp;&nbsp;&nbsp; 514676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.363%, 07/15/56 (c) | 38197 | &nbsp;&nbsp;&nbsp; 39508 |
| BX Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.053%, 1M TSFR + 1.380%, 08/15/42 (144A) (c) | 681340 | &nbsp;&nbsp;&nbsp; 681340 |
| BXMT Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.093%, 1M TSFR + 1.414%, 05/15/38 (144A) (c) | 1532500 | &nbsp;&nbsp;&nbsp; 1525515 |
| Dwight Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.342%, 1M TSFR + 1.662%, 06/18/42 (144A) (c) | 638500 | &nbsp;&nbsp;&nbsp; 640470 |
| ELM Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.596%, 06/10/39 (144A) (c) | 668793 | &nbsp;&nbsp;&nbsp; 670086 |
| MF1 Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.221%, 1M TSFR + 1.541%, 11/18/39 (144A) (c) | 1364066 | &nbsp;&nbsp;&nbsp; 1368597 |
| Morgan Stanley Bank of America Merrill Lynch Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.536%, 11/15/52 | 519442 | &nbsp;&nbsp;&nbsp; 512743 |
| MSWF Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.014%, 12/15/56 (c) | 591406 | &nbsp;&nbsp;&nbsp; 627327 |
| PLYM Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.923%, 1M TSFR + 1.250%, 03/15/43 (144A) (c) | 593000 | &nbsp;&nbsp;&nbsp; 590035 |
| PRM Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.480%, 07/05/33 (144A) (c) | 366561 | &nbsp;&nbsp;&nbsp; 363694 |
|  |  | &nbsp;&nbsp;&nbsp; 12095235 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Non-Agency Mortgage-Backed Securities <br>(Cost $18,485,490) <br>|  | &nbsp;&nbsp;&nbsp; 18477318 |

---

**BHFTII-248**

------

**Brighthouse Funds Trust II**

**MFS**<sup>®</sup> **Total Return Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Preferred Stocks—0.5%**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Household Products — 0.5%** | **Household Products — 0.5%** | **Household Products — 0.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Henkel AG & Co. KGaA <br>(Cost $3,226,470)<br>| 38590 | &nbsp;&nbsp;&nbsp; $2964972 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Municipals—0.5%** | **Municipals—0.5%** | **Municipals—0.5%** |
| Massachusetts Educational Financing Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.352%, 07/01/49 | 780000 | &nbsp;&nbsp;&nbsp; 809553 |
| New Jersey Turnpike Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.414%, 01/01/40 | 1050000 | &nbsp;&nbsp;&nbsp; 1241126 |
| Rhode Island Student Loan Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.081%, 12/01/42 | 575000 | &nbsp;&nbsp;&nbsp; 592292 |
| State Board of Administration Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.154%, 07/01/30 | 314000 | &nbsp;&nbsp;&nbsp; 289001 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Municipals <br>(Cost $2,748,682) <br>|  | &nbsp;&nbsp;&nbsp; 2931972 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Convertible Preferred Stocks—0.3%** | **Convertible Preferred Stocks—0.3%** | **Convertible Preferred Stocks—0.3%** |
| **Aerospace & Defense — 0.3%** | **Aerospace & Defense — 0.3%** | **Aerospace & Defense — 0.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Boeing Co., 6.000%, 10/15/27 <br>(Cost $1,317,650)<br>| 26353 | &nbsp;&nbsp;&nbsp; 1709783 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—0.9%** | **Short-Term Investments—0.9%** | **Short-Term Investments—0.9%** |
| **Discount Note—0.9%** | **Discount Note—0.9%** | **Discount Note—0.9%** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 04/01/26 (h) | 4972000 | &nbsp;&nbsp;&nbsp; 4971504 |
| **Repurchase Agreement—0.0%** | **Repurchase Agreement—0.0%** | **Repurchase Agreement—0.0%** |
| Fixed Income Clearing Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 2.500%, due on <br> 04/01/26, with a maturity value of $80,111; collateralized by <br> U.S. Treasury Note at 4.375%, maturing 07/15/27, with a <br> market value of $81,790<br>| 80105 | &nbsp;&nbsp;&nbsp; 80105 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $5,052,105) <br>|  | &nbsp;&nbsp;&nbsp; 5051609 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (i)—3.3%** | **Securities Lending Reinvestments (i)—3.3%** | **Securities Lending Reinvestments (i)—3.3%** |
| **Short-Term Investment Funds—2.0%** | **Short-Term Investment Funds—2.0%** | **Short-Term Investment Funds—2.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund, <br>Select Class 3.600% (j)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (j)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Government Portfolio, <br>Class I 3.530% (j)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br>Institutional Shares 3.530% (j)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco STIT-Government & Agency Portfolio, <br>Institutional Class 3.580% (j)<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; RBC BlueBay U.S. Government Money Market Fund, <br>Institutional Shares 3.580% (j)<br>| 300000 | &nbsp;&nbsp;&nbsp; 300000 |
|  |  | &nbsp;&nbsp;&nbsp; 11300000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Repurchase Agreements—1.3%** | **Repurchase Agreements—1.3%** | **Repurchase Agreements—1.3%** |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $2,000,203; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.000% - <br> 5.000%, maturity dates ranging from 06/30/26 - 02/15/54, <br> and an aggregate market value of $2,040,000<br>| 2000000 | &nbsp;&nbsp;&nbsp; $2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.770%, due on <br> 04/01/26 with a maturity value of $1,000,105; collateralized <br> by various Common Stock with an aggregate market value of <br> $1,112,281<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| Citigroup Global Markets, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.690%, due on <br> 04/01/26 with a maturity value of $1,000,102; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.125% - <br> 6.125%, maturity dates ranging from 06/15/27 - 02/15/32, <br> and various Common Stock with an aggregate market value of <br> $1,020,013<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| National Bank Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $1,000,105; collateralized <br> by U.S. Treasury Bond at 3.875%, maturing 02/15/43, and <br> various Common Stock with an aggregate market value of <br> $1,110,982<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $1,000,105; collateralized <br> by various Common Stock with an aggregate market value of <br> $1,114,629<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| NatWest Markets Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $1,492,136; collateralized <br> by U.S. Treasury Obligations with rates ranging from 1.125% - <br> 4.875%, maturity dates ranging from 09/15/26 - 08/15/35, <br> and an aggregate market value of $1,521,979<br>| 1491985 | &nbsp;&nbsp;&nbsp; 1491985 |
|  |  | &nbsp;&nbsp;&nbsp; 7491985 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $18,791,985) <br>|  | &nbsp;&nbsp;&nbsp; 18791985 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—103.3% <br>(Cost $538,080,659) <br>|  | &nbsp;&nbsp;&nbsp; 590162676 |
| Other assets and liabilities (net)—(3.3)%  |  | &nbsp;&nbsp;&nbsp; (18959659)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $571203017 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Principal amount stated in U.S. dollars unless otherwise noted.

(a) Non-income producing security.

(b) All or a portion of the security was held on loan. As of March 31, 2026, the market value of securities loaned was $47,180,517 and the collateral received consisted of cash in the amount of $18,791,985 and non-cash collateral with a value of $29,436,584. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. 

(c) Variable or floating rate security. The stated rate represents the rate at March 31, 2026. 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 

**BHFTII-249**

------

**Brighthouse Funds Trust II**

**MFS**<sup>®</sup> **Total Return Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

---

| | |
|:---|:---|
|  | mortgage-backed securities, the coupon rate may fluctuate based on changes of the <br> underlying collateral or prepayments of principal. These securities do not indicate a reference <br> index and spread in their description above.<br>|
| (d) | All or a portion of the security was pledged as collateral against open futures contracts. As of <br> March 31, 2026, the market value of securities pledged was $280,116.<br>|
| (e) | Interest only security. |
| (f) | TBA (To Be Announced) Securities are purchased on a forward commitment basis with an <br> approximate principal amount and no defined maturity date. The actual principal and <br> maturity date will be determined upon settlement date.<br>|
| (g) | Security is a "step up" bond where coupon increases or steps up at a predetermined date.  |

---

---

| | |
|:---|:---|
|  | Rate shown is current coupon rate. |
| (h) | The rate shown represents current yield to maturity. |
| (i) | Represents investment of cash collateral received from securities on loan as of March 31, <br> 2026.<br>|
| (j) | The rate shown represents the annualized seven-day yield as of March 31, 2026. |
| (144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These <br> securities may be resold in transactions exempt from registration, normally to qualified <br> institutional buyers. As of March 31, 2026, the market value of 144A securities was <br> $56,746,524, which is 9.9% of net assets.<br>|

---

**Investments in Derivative Instruments**

**Futures Contracts** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Long** | **Expiration** <br>**Date**<br>| **Number of** <br>**Contracts**<br>| **Notional** <br>**Value** | **Notional** <br>**Value** | **Value/** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| U.S. Treasury Note 2 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; 121 | USD | 25100883 | &nbsp;&nbsp;&nbsp; $(165777)<br>|
| U.S. Treasury Note 5 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; 35 | USD | 3786289 | &nbsp;&nbsp;&nbsp; (46881)<br>|
| U.S. Treasury Note Ultra 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 15 | USD | 1702734 | &nbsp;&nbsp;&nbsp; (29821)<br>|
| U.S. Treasury Ultra Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 8 | USD | 932500 | &nbsp;&nbsp;&nbsp; (26468)<br>|
| Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | &nbsp;&nbsp;&nbsp; $(268947)<br>|

---

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aerospace & Defense | &nbsp;&nbsp;&nbsp; $9993092 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $9993092 |
| &nbsp;&nbsp;&nbsp;&nbsp; Automobile Components | &nbsp;&nbsp;&nbsp; 9337693 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9337693 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banks | &nbsp;&nbsp;&nbsp; 23347676 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23347676 |
| &nbsp;&nbsp;&nbsp;&nbsp; Beverages | &nbsp;&nbsp;&nbsp; 3586350 | &nbsp;&nbsp;&nbsp; 1949316 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5535666 |
| &nbsp;&nbsp;&nbsp;&nbsp; Building Products | &nbsp;&nbsp;&nbsp; 4537047 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4537047 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp;&nbsp; 30000869 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 30000869 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp;&nbsp; 7004674 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7004674 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples Distribution & Retail | &nbsp;&nbsp;&nbsp; 6516748 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6516748 |
| &nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | &nbsp;&nbsp;&nbsp; 3712432 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3712432 |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributors | &nbsp;&nbsp;&nbsp; 2869596 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2869596 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Telecommunication Services | &nbsp;&nbsp;&nbsp; 6473387 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6473387 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | &nbsp;&nbsp;&nbsp; 13421045 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13421045 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | &nbsp;&nbsp;&nbsp; 1901374 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1901374 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy Equipment & Services | &nbsp;&nbsp;&nbsp; 1142297 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1142297 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp;&nbsp; 2561496 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2561496 |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial Services | &nbsp;&nbsp;&nbsp; 4105495 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4105495 |
| &nbsp;&nbsp;&nbsp;&nbsp; Food Products | &nbsp;&nbsp;&nbsp; 1338230 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1338230 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ground Transportation | &nbsp;&nbsp;&nbsp; 5503592 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5503592 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Equipment & Supplies | &nbsp;&nbsp;&nbsp; 20419935 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20419935 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Providers & Services | &nbsp;&nbsp;&nbsp; 10334877 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10334877 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure | &nbsp;&nbsp;&nbsp; 1443380 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1443380 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Durables | &nbsp;&nbsp;&nbsp; 1233901 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1233901 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial Conglomerates | &nbsp;&nbsp;&nbsp; 3327614 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3327614 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp;&nbsp; 24647319 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 24647319 |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp;&nbsp; 7191851 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7191851 |
| &nbsp;&nbsp;&nbsp;&nbsp; Life Sciences Tools & Services | &nbsp;&nbsp;&nbsp; 8219777 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8219777 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | &nbsp;&nbsp;&nbsp; 3358743 | &nbsp;&nbsp;&nbsp; 1091473 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4450216 |
| &nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp;&nbsp; 10145270 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10145270 |
| &nbsp;&nbsp;&nbsp;&nbsp; Metals & Mining | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2073373 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2073373 |
| &nbsp;&nbsp;&nbsp;&nbsp; Multi-Utilities | &nbsp;&nbsp;&nbsp; 978113 | &nbsp;&nbsp;&nbsp; 4727130 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5705243 |

---

**BHFTII-250**

------

**Brighthouse Funds Trust II**

**MFS**<sup>®</sup> **Total Return Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Fair Value Hierarchy — (Continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas & Consumable Fuels | &nbsp;&nbsp;&nbsp; $25916954 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $25916954 |
| &nbsp;&nbsp;&nbsp;&nbsp; Passenger Airlines | &nbsp;&nbsp;&nbsp; 2199624 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2199624 |
| &nbsp;&nbsp;&nbsp;&nbsp; Personal Care Products | &nbsp;&nbsp;&nbsp; 8610466 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8610466 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals | &nbsp;&nbsp;&nbsp; 19934134 | &nbsp;&nbsp;&nbsp; 2277586 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22211720 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional Services | &nbsp;&nbsp;&nbsp; 1893949 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1893949 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | &nbsp;&nbsp;&nbsp; 7431054 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7431054 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp; 14334277 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14334277 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tobacco | &nbsp;&nbsp;&nbsp; 8519647 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8519647 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 317493978 | &nbsp;&nbsp;&nbsp; 12118878 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 329612856 |
| Total Corporate Bonds & Notes\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 75806303 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 75806303 |
| Total U.S. Treasury & Government Agencies\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 57381143 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 57381143 |
| Total Agency Sponsored Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 53449152 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 53449152 |
| Total Asset-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23985583 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23985583 |
| Total Non-Agency Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 18477318 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 18477318 |
| Total Preferred Stocks\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2964972 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2964972 |
| Total Municipals\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2931972 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2931972 |
| Total Convertible Preferred Stocks\* | &nbsp;&nbsp;&nbsp; 1709783 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1709783 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5051609 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5051609 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 11300000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11300000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7491985 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7491985 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 11300000 | &nbsp;&nbsp;&nbsp; 7491985 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 18791985 |
| Total Investments | &nbsp;&nbsp;&nbsp; $330503761 | &nbsp;&nbsp;&nbsp; $259658915 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $590162676 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(18791985)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(18791985)<br>|
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; $(268947)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(268947)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

**BHFTII-251**

------

**Brighthouse Funds Trust II**

**MFS**<sup>®</sup> **Value Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—99.7% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Aerospace & Defense — 8.5%** | **Aerospace & Defense — 8.5%** | **Aerospace & Defense — 8.5%** |
| Boeing Co. (a) | 276129 | &nbsp;&nbsp;&nbsp; $54957955 |
| General Dynamics Corp.  | 153698 | &nbsp;&nbsp;&nbsp; 52752227 |
| Northrop Grumman Corp.  | 50720 | &nbsp;&nbsp;&nbsp; 34603213 |
| RTX Corp.  | 366437 | &nbsp;&nbsp;&nbsp; 70685697 |
|  |  | &nbsp;&nbsp;&nbsp; 212999092 |
| **Banks — 9.0%** | **Banks — 9.0%** | **Banks — 9.0%** |
| Citigroup, Inc.  | 397921 | &nbsp;&nbsp;&nbsp; 45128221 |
| JPMorgan Chase & Co.  | 378788 | &nbsp;&nbsp;&nbsp; 111424278 |
| PNC Financial Services Group, Inc.  | 174743 | &nbsp;&nbsp;&nbsp; 36362271 |
| Wells Fargo & Co.  | 435689 | &nbsp;&nbsp;&nbsp; 34685201 |
|  |  | &nbsp;&nbsp;&nbsp; 227599971 |
| **Beverages — 1.9%** | **Beverages — 1.9%** | **Beverages — 1.9%** |
| Coca-Cola Europacific Partners PLC | 145695 | &nbsp;&nbsp;&nbsp; 13210166 |
| Diageo PLC | 319173 | &nbsp;&nbsp;&nbsp; 5930332 |
| PepsiCo, Inc.  | 188717 | &nbsp;&nbsp;&nbsp; 29305863 |
|  |  | &nbsp;&nbsp;&nbsp; 48446361 |
| **Biotechnology — 1.5%** | **Biotechnology — 1.5%** | **Biotechnology — 1.5%** |
| AbbVie, Inc.  | 169017 | &nbsp;&nbsp;&nbsp; 36759507 |
| **Building Products — 0.3%** | **Building Products — 0.3%** | **Building Products — 0.3%** |
| Trane Technologies PLC | 17684 | &nbsp;&nbsp;&nbsp; 7369630 |
| **Capital Markets — 7.8%** | **Capital Markets — 7.8%** | **Capital Markets — 7.8%** |
| ARES Management Corp. - Class A | 87417 | &nbsp;&nbsp;&nbsp; 9537195 |
| Blackrock, Inc.  | 36045 | &nbsp;&nbsp;&nbsp; 34664837 |
| KKR & Co., Inc.  | 334443 | &nbsp;&nbsp;&nbsp; 30935977 |
| LPL Financial Holdings, Inc.  | 53414 | &nbsp;&nbsp;&nbsp; 16068534 |
| Morgan Stanley | 341840 | &nbsp;&nbsp;&nbsp; 56256609 |
| Nasdaq, Inc. (b) | 588560 | &nbsp;&nbsp;&nbsp; 49962858 |
|  |  | &nbsp;&nbsp;&nbsp; 197426010 |
| **Chemicals — 0.4%** | **Chemicals — 0.4%** | **Chemicals — 0.4%** |
| Sherwin-Williams Co.  | 29723 | &nbsp;&nbsp;&nbsp; 9527708 |
| **Construction Materials — 1.0%** | **Construction Materials — 1.0%** | **Construction Materials — 1.0%** |
| CRH PLC (b) | 231037 | &nbsp;&nbsp;&nbsp; 24286609 |
| **Consumer Finance — 1.8%** | **Consumer Finance — 1.8%** | **Consumer Finance — 1.8%** |
| American Express Co.  | 146248 | &nbsp;&nbsp;&nbsp; 44237095 |
| **Electric Utilities — 7.6%** | **Electric Utilities — 7.6%** | **Electric Utilities — 7.6%** |
| American Electric Power Co., Inc.  | 102474 | &nbsp;&nbsp;&nbsp; 13432292 |
| Duke Energy Corp.  | 390746 | &nbsp;&nbsp;&nbsp; 51164281 |
| NextEra Energy, Inc.  | 225995 | &nbsp;&nbsp;&nbsp; 20990415 |
| PG&E Corp.  | 1832124 | &nbsp;&nbsp;&nbsp; 32190419 |
| Southern Co.  | 404723 | &nbsp;&nbsp;&nbsp; 39063864 |
| Xcel Energy, Inc.  | 443850 | &nbsp;&nbsp;&nbsp; 35259444 |
|  |  | &nbsp;&nbsp;&nbsp; 192100715 |
| **Electrical Equipment — 1.1%** | **Electrical Equipment — 1.1%** | **Electrical Equipment — 1.1%** |
| Eaton Corp. PLC | 75815 | &nbsp;&nbsp;&nbsp; 27116751 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Food Products — 0.6%** | **Food Products — 0.6%** | **Food Products — 0.6%** |
| Nestle SA | 162677 | &nbsp;&nbsp;&nbsp; $16135759 |
| **Ground Transportation — 1.7%** | **Ground Transportation — 1.7%** | **Ground Transportation — 1.7%** |
| Union Pacific Corp.  | 178753 | &nbsp;&nbsp;&nbsp; 43369053 |
| **Health Care Equipment & Supplies — 1.6%** | **Health Care Equipment & Supplies — 1.6%** | **Health Care Equipment & Supplies — 1.6%** |
| Abbott Laboratories | 340160 | &nbsp;&nbsp;&nbsp; 34924227 |
| Medline, Inc. - Class A (a) (b) | 145560 | &nbsp;&nbsp;&nbsp; 6477420 |
|  |  | &nbsp;&nbsp;&nbsp; 41401647 |
| **Health Care Providers & Services — 7.0%** | **Health Care Providers & Services — 7.0%** | **Health Care Providers & Services — 7.0%** |
| Cigna Group | 268036 | &nbsp;&nbsp;&nbsp; 71498603 |
| Elevance Health, Inc.  | 72215 | &nbsp;&nbsp;&nbsp; 21140941 |
| Humana, Inc.  | 81020 | &nbsp;&nbsp;&nbsp; 14048058 |
| McKesson Corp.  | 81668 | &nbsp;&nbsp;&nbsp; 70672221 |
|  |  | &nbsp;&nbsp;&nbsp; 177359823 |
| **Hotels, Restaurants & Leisure — 1.7%** | **Hotels, Restaurants & Leisure — 1.7%** | **Hotels, Restaurants & Leisure — 1.7%** |
| Marriott International, Inc. - Class A | 129543 | &nbsp;&nbsp;&nbsp; 42369629 |
| **Household Products — 1.3%** | **Household Products — 1.3%** | **Household Products — 1.3%** |
| Kimberly-Clark Corp. (b) | 196195 | &nbsp;&nbsp;&nbsp; 18926932 |
| Reckitt Benckiser Group PLC | 207365 | &nbsp;&nbsp;&nbsp; 14072343 |
|  |  | &nbsp;&nbsp;&nbsp; 32999275 |
| **Industrial Conglomerates — 1.9%** | **Industrial Conglomerates — 1.9%** | **Industrial Conglomerates — 1.9%** |
| Honeywell International, Inc.  | 212665 | &nbsp;&nbsp;&nbsp; 48068670 |
| **Industrial REITs — 1.9%** | **Industrial REITs — 1.9%** | **Industrial REITs — 1.9%** |
| Prologis, Inc.  | 364187 | &nbsp;&nbsp;&nbsp; 48138238 |
| **Insurance — 10.0%** | **Insurance — 10.0%** | **Insurance — 10.0%** |
| Aon PLC - Class A | 124970 | &nbsp;&nbsp;&nbsp; 40337817 |
| Chubb Ltd. (b) | 143584 | &nbsp;&nbsp;&nbsp; 46798333 |
| Marsh & McLennan Cos., Inc.  | 248862 | &nbsp;&nbsp;&nbsp; 43165114 |
| Progressive Corp.  | 375898 | &nbsp;&nbsp;&nbsp; 74518019 |
| Travelers Cos., Inc.  | 164895 | &nbsp;&nbsp;&nbsp; 48096574 |
|  |  | &nbsp;&nbsp;&nbsp; 252915857 |
| **IT Services — 1.4%** | **IT Services — 1.4%** | **IT Services — 1.4%** |
| Accenture PLC - Class A | 177459 | &nbsp;&nbsp;&nbsp; 35188345 |
| **Machinery — 3.5%** | **Machinery — 3.5%** | **Machinery — 3.5%** |
| Caterpillar, Inc.  | 28694 | &nbsp;&nbsp;&nbsp; 20328551 |
| Illinois Tool Works, Inc.  | 103474 | &nbsp;&nbsp;&nbsp; 26933247 |
| Otis Worldwide Corp.  | 114839 | &nbsp;&nbsp;&nbsp; 8851790 |
| PACCAR, Inc.  | 280807 | &nbsp;&nbsp;&nbsp; 32433209 |
|  |  | &nbsp;&nbsp;&nbsp; 88546797 |
| **Multi-Utilities — 1.8%** | **Multi-Utilities — 1.8%** | **Multi-Utilities — 1.8%** |
| Dominion Energy, Inc.  | 752335 | &nbsp;&nbsp;&nbsp; 46509350 |
| **Oil, Gas & Consumable Fuels — 7.9%** | **Oil, Gas & Consumable Fuels — 7.9%** | **Oil, Gas & Consumable Fuels — 7.9%** |
| Chevron Corp.  | 225723 | &nbsp;&nbsp;&nbsp; 46702089 |
| ConocoPhillips | 443545 | &nbsp;&nbsp;&nbsp; 58547940 |
| EOG Resources, Inc.  | 150290 | &nbsp;&nbsp;&nbsp; 21727425 |

---

**BHFTII-252**

------

**Brighthouse Funds Trust II**

**MFS**<sup>®</sup> **Value Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Oil, Gas & Consumable Fuels—(Continued)** | **Oil, Gas & Consumable Fuels—(Continued)** | **Oil, Gas & Consumable Fuels—(Continued)** |
| Exxon Mobil Corp.  | 424603 | &nbsp;&nbsp;&nbsp; $72038145 |
|  |  | &nbsp;&nbsp;&nbsp; 199015599 |
| **Personal Care Products — 0.3%** | **Personal Care Products — 0.3%** | **Personal Care Products — 0.3%** |
| Kenvue, Inc.  | 364929 | &nbsp;&nbsp;&nbsp; 6291376 |
| **Pharmaceuticals — 4.0%** | **Pharmaceuticals — 4.0%** | **Pharmaceuticals — 4.0%** |
| Johnson & Johnson | 317892 | &nbsp;&nbsp;&nbsp; 77705520 |
| Pfizer, Inc.  | 774686 | &nbsp;&nbsp;&nbsp; 21753183 |
|  |  | &nbsp;&nbsp;&nbsp; 99458703 |
| **Professional Services — 1.0%** | **Professional Services — 1.0%** | **Professional Services — 1.0%** |
| Equifax, Inc.  | 141117 | &nbsp;&nbsp;&nbsp; 25410938 |
| **Semiconductors & Semiconductor Equipment — 6.7%** | **Semiconductors & Semiconductor Equipment — 6.7%** | **Semiconductors & Semiconductor Equipment — 6.7%** |
| Analog Devices, Inc.  | 172825 | &nbsp;&nbsp;&nbsp; 54982546 |
| KLA Corp.  | 33829 | &nbsp;&nbsp;&nbsp; 49810158 |
| NXP Semiconductors NV | 174028 | &nbsp;&nbsp;&nbsp; 34259152 |
| Texas Instruments, Inc.  | 154965 | &nbsp;&nbsp;&nbsp; 30084905 |
|  |  | &nbsp;&nbsp;&nbsp; 169136761 |
| **Software — 1.0%** | **Software — 1.0%** | **Software — 1.0%** |
| Microsoft Corp.  | 33719 | &nbsp;&nbsp;&nbsp; 12481762 |
| Salesforce, Inc.  | 71352 | &nbsp;&nbsp;&nbsp; 13319278 |
|  |  | &nbsp;&nbsp;&nbsp; 25801040 |
| **Specialized REITs — 0.3%** | **Specialized REITs — 0.3%** | **Specialized REITs — 0.3%** |
| Public Storage | 25011 | &nbsp;&nbsp;&nbsp; 6774980 |
| **Specialty Retail — 1.8%** | **Specialty Retail — 1.8%** | **Specialty Retail — 1.8%** |
| Lowe's Cos., Inc.  | 190917 | &nbsp;&nbsp;&nbsp; 45109869 |
| **Tobacco — 0.8%** | **Tobacco — 0.8%** | **Tobacco — 0.8%** |
| Philip Morris International, Inc.  | 122788 | &nbsp;&nbsp;&nbsp; 20301768 |
| **Trading Companies & Distributors — 0.6%** | **Trading Companies & Distributors — 0.6%** | **Trading Companies & Distributors — 0.6%** |
| WW Grainger, Inc.  | 12941 | &nbsp;&nbsp;&nbsp; 14116172 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $1,731,711,033) <br>|  | &nbsp;&nbsp;&nbsp; 2512289098 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—0.4%** | **Short-Term Investments—0.4%** | **Short-Term Investments—0.4%** |
| **Discount Note—0.4%** | **Discount Note—0.4%** | **Discount Note—0.4%** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 04/01/26 (c) | 9319000 | &nbsp;&nbsp;&nbsp; 9318071 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $9,319,000) <br>|  | &nbsp;&nbsp;&nbsp; 9318071 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (d)—0.3%** | **Securities Lending Reinvestments (d)—0.3%** | **Securities Lending Reinvestments (d)—0.3%** |
| **Short-Term Investment Funds—0.3%** | **Short-Term Investment Funds—0.3%** | **Short-Term Investment Funds—0.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund, <br>Select Class 3.600% (e)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds FedFund, <br>Institutional Shares 3.550% (e)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Short-Term Investment Funds—(Continued)** | **Short-Term Investment Funds—(Continued)** | **Short-Term Investment Funds—(Continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (e)<br>| 1000000 | &nbsp;&nbsp;&nbsp; $1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br>Institutional Shares 3.530% (e)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco STIT-Government & Agency Portfolio, <br>Institutional Class 3.580% (e)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares 3.580% (e)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; RBC BlueBay U.S. Government Money Market Fund, <br>Institutional Shares 3.580% (e)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
|  |  | &nbsp;&nbsp;&nbsp; 7000000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Repurchase Agreements—0.0%** | **Repurchase Agreements—0.0%** | **Repurchase Agreements—0.0%** |
| Citigroup Global Markets, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.690%, due on <br> 04/01/26 with a maturity value of $500,051; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.125% <br> - 6.125%, maturity dates ranging from 06/15/27 - <br> 02/15/32, and various Common Stock with an aggregate <br> market value of $510,007<br>| 500000 | &nbsp;&nbsp;&nbsp; 500000 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $20,002; collateralized <br> by various Common Stock with an aggregate market value of <br> $22,293<br>| 20000 | &nbsp;&nbsp;&nbsp; 20000 |
| NatWest Markets Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $1,143,316; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 1.125% - 4.875%, maturity dates ranging from <br> 09/15/26 - 08/15/35, and an aggregate market value of <br> $1,166,182<br>| 1143200 | &nbsp;&nbsp;&nbsp; 1143200 |
|  |  | &nbsp;&nbsp;&nbsp; 1663200 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $8,663,200) <br>|  | &nbsp;&nbsp;&nbsp; 8663200 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—100.4% <br>(Cost $1,749,693,233) <br>|  | &nbsp;&nbsp;&nbsp; 2530270369 |
| Other assets and liabilities (net)—(0.4)%  |  | &nbsp;&nbsp;&nbsp; (10449663)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $2519820706 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Principal amount stated in U.S. dollars unless otherwise noted.

(a) Non-income producing security.

(b) All or a portion of the security was held on loan. As of March 31, 2026, the market value of securities loaned was $94,798,119 and the collateral received consisted of cash in the amount of $8,663,200 and non-cash collateral with a value of $87,597,782. 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) The rate shown represents current yield to maturity.

(d) Represents investment of cash collateral received from securities on loan as of March 31, 2026.

(e) The rate shown represents the annualized seven-day yield as of March 31, 2026.

**BHFTII-253**

------

**Brighthouse Funds Trust II**

**MFS**<sup>®</sup> **Value Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aerospace & Defense | &nbsp;&nbsp;&nbsp; $212999092 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $212999092 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banks | &nbsp;&nbsp;&nbsp; 227599971 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 227599971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Beverages | &nbsp;&nbsp;&nbsp; 42516029 | &nbsp;&nbsp;&nbsp; 5930332 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 48446361 |
| &nbsp;&nbsp;&nbsp;&nbsp; Biotechnology | &nbsp;&nbsp;&nbsp; 36759507 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 36759507 |
| &nbsp;&nbsp;&nbsp;&nbsp; Building Products | &nbsp;&nbsp;&nbsp; 7369630 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7369630 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp;&nbsp; 197426010 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 197426010 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp;&nbsp; 9527708 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9527708 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction Materials | &nbsp;&nbsp;&nbsp; 24286609 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 24286609 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Finance | &nbsp;&nbsp;&nbsp; 44237095 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 44237095 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | &nbsp;&nbsp;&nbsp; 192100715 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 192100715 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | &nbsp;&nbsp;&nbsp; 27116751 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 27116751 |
| &nbsp;&nbsp;&nbsp;&nbsp; Food Products | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16135759 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16135759 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ground Transportation | &nbsp;&nbsp;&nbsp; 43369053 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 43369053 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Equipment & Supplies | &nbsp;&nbsp;&nbsp; 41401647 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 41401647 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Providers & Services | &nbsp;&nbsp;&nbsp; 177359823 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 177359823 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure | &nbsp;&nbsp;&nbsp; 42369629 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 42369629 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Products | &nbsp;&nbsp;&nbsp; 18926932 | &nbsp;&nbsp;&nbsp; 14072343 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 32999275 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial Conglomerates | &nbsp;&nbsp;&nbsp; 48068670 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 48068670 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial REITs | &nbsp;&nbsp;&nbsp; 48138238 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 48138238 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp;&nbsp; 252915857 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 252915857 |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp;&nbsp; 35188345 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 35188345 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | &nbsp;&nbsp;&nbsp; 88546797 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 88546797 |
| &nbsp;&nbsp;&nbsp;&nbsp; Multi-Utilities | &nbsp;&nbsp;&nbsp; 46509350 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 46509350 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas & Consumable Fuels | &nbsp;&nbsp;&nbsp; 199015599 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 199015599 |
| &nbsp;&nbsp;&nbsp;&nbsp; Personal Care Products | &nbsp;&nbsp;&nbsp; 6291376 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6291376 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals | &nbsp;&nbsp;&nbsp; 99458703 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 99458703 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional Services | &nbsp;&nbsp;&nbsp; 25410938 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25410938 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | &nbsp;&nbsp;&nbsp; 169136761 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 169136761 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp; 25801040 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25801040 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialized REITs | &nbsp;&nbsp;&nbsp; 6774980 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6774980 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Retail | &nbsp;&nbsp;&nbsp; 45109869 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 45109869 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tobacco | &nbsp;&nbsp;&nbsp; 20301768 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20301768 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trading Companies & Distributors | &nbsp;&nbsp;&nbsp; 14116172 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14116172 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 2476150664 | &nbsp;&nbsp;&nbsp; 36138434 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2512289098 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9318071 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9318071 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1663200 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1663200 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp; 1663200 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8663200 |
| Total Investments | &nbsp;&nbsp;&nbsp; $2483150664 | &nbsp;&nbsp;&nbsp; $47119705 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $2530270369 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(8663200)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(8663200)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

**BHFTII-254**

------

**Brighthouse Funds Trust II**

**Neuberger Berman Genesis Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—98.2% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Aerospace & Defense — 0.9%** | **Aerospace & Defense — 0.9%** | **Aerospace & Defense — 0.9%** |
| VSE Corp.  | 37068 | &nbsp;&nbsp;&nbsp; $6835339 |
| **Banks — 9.8%** | **Banks — 9.8%** | **Banks — 9.8%** |
| Community Financial System, Inc.  | 215922 | &nbsp;&nbsp;&nbsp; 12663825 |
| Cullen/Frost Bankers, Inc.  | 23541 | &nbsp;&nbsp;&nbsp; 3227000 |
| First Financial Bankshares, Inc.  | 234892 | &nbsp;&nbsp;&nbsp; 6917570 |
| Glacier Bancorp, Inc.  | 232609 | &nbsp;&nbsp;&nbsp; 10390644 |
| Lakeland Financial Corp.  | 132421 | &nbsp;&nbsp;&nbsp; 7598317 |
| Prosperity Bancshares, Inc.  | 180051 | &nbsp;&nbsp;&nbsp; 12095826 |
| Stock Yards Bancorp, Inc.  | 64529 | &nbsp;&nbsp;&nbsp; 4277628 |
| UMB Financial Corp.  | 100119 | &nbsp;&nbsp;&nbsp; 11292422 |
| United Community Banks, Inc.  | 213794 | &nbsp;&nbsp;&nbsp; 6732373 |
|  |  | &nbsp;&nbsp;&nbsp; 75195605 |
| **Building Products — 3.7%** | **Building Products — 3.7%** | **Building Products — 3.7%** |
| Armstrong World Industries, Inc.  | 53036 | &nbsp;&nbsp;&nbsp; 8740333 |
| CSW Industrials, Inc.  | 23071 | &nbsp;&nbsp;&nbsp; 6011841 |
| Hayward Holdings, Inc. (a) | 461409 | &nbsp;&nbsp;&nbsp; 6173652 |
| Simpson Manufacturing Co., Inc.  | 44258 | &nbsp;&nbsp;&nbsp; 7595558 |
|  |  | &nbsp;&nbsp;&nbsp; 28521384 |
| **Capital Markets — 2.4%** | **Capital Markets — 2.4%** | **Capital Markets — 2.4%** |
| Hamilton Lane, Inc. - Class A | 40718 | &nbsp;&nbsp;&nbsp; 4047369 |
| Houlihan Lokey, Inc.  | 37229 | &nbsp;&nbsp;&nbsp; 5346829 |
| MarketAxess Holdings, Inc.  | 53184 | &nbsp;&nbsp;&nbsp; 8774297 |
|  |  | &nbsp;&nbsp;&nbsp; 18168495 |
| **Chemicals — 1.7%** | **Chemicals — 1.7%** | **Chemicals — 1.7%** |
| Element Solutions, Inc.  | 286236 | &nbsp;&nbsp;&nbsp; 9772097 |
| HB Fuller Co.  | 47815 | &nbsp;&nbsp;&nbsp; 2949229 |
|  |  | &nbsp;&nbsp;&nbsp; 12721326 |
| **Commercial Services & Supplies — 2.9%** | **Commercial Services & Supplies — 2.9%** | **Commercial Services & Supplies — 2.9%** |
| Brady Corp. - Class A | 137463 | &nbsp;&nbsp;&nbsp; 11167494 |
| Casella Waste Systems, Inc. - Class A (a) | 55707 | &nbsp;&nbsp;&nbsp; 4419794 |
| Tetra Tech, Inc.  | 227760 | &nbsp;&nbsp;&nbsp; 6860131 |
|  |  | &nbsp;&nbsp;&nbsp; 22447419 |
| **Construction & Engineering — 3.4%** | **Construction & Engineering — 3.4%** | **Construction & Engineering — 3.4%** |
| Arcosa, Inc.  | 105413 | &nbsp;&nbsp;&nbsp; 11188536 |
| Valmont Industries, Inc.  | 37139 | &nbsp;&nbsp;&nbsp; 14839630 |
|  |  | &nbsp;&nbsp;&nbsp; 26028166 |
| **Construction Materials — 1.7%** | **Construction Materials — 1.7%** | **Construction Materials — 1.7%** |
| Eagle Materials, Inc.  | 38726 | &nbsp;&nbsp;&nbsp; 7336641 |
| Knife River Corp. (a) | 67157 | &nbsp;&nbsp;&nbsp; 5483369 |
|  |  | &nbsp;&nbsp;&nbsp; 12820010 |
| **Containers & Packaging — 1.1%** | **Containers & Packaging — 1.1%** | **Containers & Packaging — 1.1%** |
| AptarGroup, Inc.  | 65519 | &nbsp;&nbsp;&nbsp; 8256704 |
| **Distributors — 0.3%** | **Distributors — 0.3%** | **Distributors — 0.3%** |
| Pool Corp.  | 9323 | &nbsp;&nbsp;&nbsp; 1886323 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Diversified Consumer Services — 0.9%** | **Diversified Consumer Services — 0.9%** | **Diversified Consumer Services — 0.9%** |
| Bright Horizons Family Solutions, Inc. (a) | 84635 | &nbsp;&nbsp;&nbsp; $6951073 |
| **Electric Utilities — 1.4%** | **Electric Utilities — 1.4%** | **Electric Utilities — 1.4%** |
| IDACORP, Inc.  | 75529 | &nbsp;&nbsp;&nbsp; 10798381 |
| **Electrical Equipment — 0.2%** | **Electrical Equipment — 0.2%** | **Electrical Equipment — 0.2%** |
| Preformed Line Products Co.  | 5888 | &nbsp;&nbsp;&nbsp; 1594176 |
| **Electronic Equipment, Instruments & Components — 4.8%** | **Electronic Equipment, Instruments & Components — 4.8%** | **Electronic Equipment, Instruments & Components — 4.8%** |
| Advanced Energy Industries, Inc.  | 32370 | &nbsp;&nbsp;&nbsp; 10446123 |
| Badger Meter, Inc.  | 20390 | &nbsp;&nbsp;&nbsp; 3106417 |
| Knowles Corp. (a) | 336563 | &nbsp;&nbsp;&nbsp; 8642938 |
| Littelfuse, Inc.  | 42744 | &nbsp;&nbsp;&nbsp; 14505176 |
|  |  | &nbsp;&nbsp;&nbsp; 36700654 |
| **Energy Equipment & Services — 3.7%** | **Energy Equipment & Services — 3.7%** | **Energy Equipment & Services — 3.7%** |
| Archrock, Inc.  | 142622 | &nbsp;&nbsp;&nbsp; 4963246 |
| Oceaneering International, Inc. (a) | 203580 | &nbsp;&nbsp;&nbsp; 7220982 |
| TerraVest Industries, Inc.  | 24375 | &nbsp;&nbsp;&nbsp; 2316948 |
| Tidewater, Inc. (a) | 166791 | &nbsp;&nbsp;&nbsp; 13935388 |
|  |  | &nbsp;&nbsp;&nbsp; 28436564 |
| **Financial Services — 1.3%** | **Financial Services — 1.3%** | **Financial Services — 1.3%** |
| Jack Henry & Associates, Inc.  | 61034 | &nbsp;&nbsp;&nbsp; 9645813 |
| **Gas Utilities — 2.4%** | **Gas Utilities — 2.4%** | **Gas Utilities — 2.4%** |
| Chesapeake Utilities Corp.  | 62565 | &nbsp;&nbsp;&nbsp; 7906339 |
| National Fuel Gas Co.  | 7898 | &nbsp;&nbsp;&nbsp; 742096 |
| UGI Corp.  | 260950 | &nbsp;&nbsp;&nbsp; 9503799 |
|  |  | &nbsp;&nbsp;&nbsp; 18152234 |
| **Ground Transportation — 1.0%** | **Ground Transportation — 1.0%** | **Ground Transportation — 1.0%** |
| Saia, Inc. (a) | 21670 | &nbsp;&nbsp;&nbsp; 7612238 |
| **Health Care Equipment & Supplies — 1.8%** | **Health Care Equipment & Supplies — 1.8%** | **Health Care Equipment & Supplies — 1.8%** |
| Haemonetics Corp. (a) | 124964 | &nbsp;&nbsp;&nbsp; 7042971 |
| Neogen Corp. (a) | 358897 | &nbsp;&nbsp;&nbsp; 3334153 |
| UFP Technologies, Inc. (a) | 18685 | &nbsp;&nbsp;&nbsp; 3617416 |
|  |  | &nbsp;&nbsp;&nbsp; 13994540 |
| **Health Care Providers & Services — 0.7%** | **Health Care Providers & Services — 0.7%** | **Health Care Providers & Services — 0.7%** |
| Chemed Corp.  | 14566 | &nbsp;&nbsp;&nbsp; 5502161 |
| **Hotels, Restaurants & Leisure — 1.5%** | **Hotels, Restaurants & Leisure — 1.5%** | **Hotels, Restaurants & Leisure — 1.5%** |
| Brinker International, Inc. (a) | 14165 | &nbsp;&nbsp;&nbsp; 2022337 |
| Texas Roadhouse, Inc.  | 55730 | &nbsp;&nbsp;&nbsp; 9203252 |
|  |  | &nbsp;&nbsp;&nbsp; 11225589 |
| **Household Durables — 0.4%** | **Household Durables — 0.4%** | **Household Durables — 0.4%** |
| Installed Building Products, Inc.  | 12475 | &nbsp;&nbsp;&nbsp; 3307746 |
| **Insurance — 4.7%** | **Insurance — 4.7%** | **Insurance — 4.7%** |
| AMERISAFE, Inc.  | 102994 | &nbsp;&nbsp;&nbsp; 3432790 |
| Hagerty, Inc. - Class A (a) | 464458 | &nbsp;&nbsp;&nbsp; 4890743 |
| Ryan Specialty Holdings, Inc.  | 116503 | &nbsp;&nbsp;&nbsp; 3930811 |
| Stewart Information Services Corp.  | 143694 | &nbsp;&nbsp;&nbsp; 8848677 |

---

**BHFTII-255**

------

**Brighthouse Funds Trust II**

**Neuberger Berman Genesis Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Insurance—(Continued)** | **Insurance—(Continued)** | **Insurance—(Continued)** |
| White Mountains Insurance Group Ltd.  | 6840 | &nbsp;&nbsp;&nbsp; $15027206 |
|  |  | &nbsp;&nbsp;&nbsp; 36130227 |
| **Leisure Products — 0.3%** | **Leisure Products — 0.3%** | **Leisure Products — 0.3%** |
| Acushnet Holdings Corp.  | 24629 | &nbsp;&nbsp;&nbsp; 2302319 |
| **Life Sciences Tools & Services — 2.8%** | **Life Sciences Tools & Services — 2.8%** | **Life Sciences Tools & Services — 2.8%** |
| Bio-Techne Corp.  | 189032 | &nbsp;&nbsp;&nbsp; 9878812 |
| Revvity, Inc.  | 71444 | &nbsp;&nbsp;&nbsp; 6259209 |
| Stevanato Group SpA | 246939 | &nbsp;&nbsp;&nbsp; 3395411 |
| West Pharmaceutical Services, Inc.  | 8778 | &nbsp;&nbsp;&nbsp; 2200118 |
|  |  | &nbsp;&nbsp;&nbsp; 21733550 |
| **Machinery — 16.8%** | **Machinery — 16.8%** | **Machinery — 16.8%** |
| Atmus Filtration Technologies, Inc.  | 67663 | &nbsp;&nbsp;&nbsp; 3841229 |
| Crane Co.  | 35772 | &nbsp;&nbsp;&nbsp; 6117012 |
| Enerpac Tool Group Corp.  | 253324 | &nbsp;&nbsp;&nbsp; 9238726 |
| Enpro, Inc.  | 17008 | &nbsp;&nbsp;&nbsp; 4263055 |
| Esab Corp.  | 98320 | &nbsp;&nbsp;&nbsp; 9503611 |
| ESCO Technologies, Inc.  | 35221 | &nbsp;&nbsp;&nbsp; 9910133 |
| Federal Signal Corp.  | 77311 | &nbsp;&nbsp;&nbsp; 8360412 |
| Gates Industrial Corp. PLC (a) | 455111 | &nbsp;&nbsp;&nbsp; 10290060 |
| Graco, Inc.  | 65956 | &nbsp;&nbsp;&nbsp; 5583175 |
| Kadant, Inc.  | 22646 | &nbsp;&nbsp;&nbsp; 6620558 |
| Lindsay Corp.  | 55818 | &nbsp;&nbsp;&nbsp; 6646249 |
| Miller Industries, Inc.  | 61080 | &nbsp;&nbsp;&nbsp; 2782194 |
| RBC Bearings, Inc. (a) | 20550 | &nbsp;&nbsp;&nbsp; 11161116 |
| SPX Technologies, Inc. (a) | 44344 | &nbsp;&nbsp;&nbsp; 8866139 |
| Standex International Corp.  | 48376 | &nbsp;&nbsp;&nbsp; 12329107 |
| Toro Co.  | 96458 | &nbsp;&nbsp;&nbsp; 9013036 |
| Watts Water Technologies, Inc. - Class A | 12828 | &nbsp;&nbsp;&nbsp; 3723840 |
|  |  | &nbsp;&nbsp;&nbsp; 128249652 |
| **Marine Transportation — 1.7%** | **Marine Transportation — 1.7%** | **Marine Transportation — 1.7%** |
| Kirby Corp. (a) | 99168 | &nbsp;&nbsp;&nbsp; 13177444 |
| **Media — 2.1%** | **Media — 2.1%** | **Media — 2.1%** |
| John Wiley & Sons, Inc. - Class A | 174784 | &nbsp;&nbsp;&nbsp; 6659270 |
| Nexstar Media Group, Inc.  | 50980 | &nbsp;&nbsp;&nbsp; 9218714 |
|  |  | &nbsp;&nbsp;&nbsp; 15877984 |
| **Oil, Gas & Consumable Fuels — 3.0%** | **Oil, Gas & Consumable Fuels — 3.0%** | **Oil, Gas & Consumable Fuels — 3.0%** |
| CNX Resources Corp. (a) | 303555 | &nbsp;&nbsp;&nbsp; 11702045 |
| Viper Energy, Inc. - Class A | 244554 | &nbsp;&nbsp;&nbsp; 11491593 |
|  |  | &nbsp;&nbsp;&nbsp; 23193638 |
| **Professional Services — 0.9%** | **Professional Services — 0.9%** | **Professional Services — 0.9%** |
| CRA International, Inc.  | 23232 | &nbsp;&nbsp;&nbsp; 3760796 |
| Exponent, Inc.  | 42065 | &nbsp;&nbsp;&nbsp; 2744741 |
|  |  | &nbsp;&nbsp;&nbsp; 6505537 |
| **Real Estate Management & Development — 2.1%** | **Real Estate Management & Development — 2.1%** | **Real Estate Management & Development — 2.1%** |
| Colliers International Group, Inc.  | 61951 | &nbsp;&nbsp;&nbsp; 6621942 |
| FirstService Corp.  | 68708 | &nbsp;&nbsp;&nbsp; 9546290 |
|  |  | &nbsp;&nbsp;&nbsp; 16168232 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Semiconductors & Semiconductor Equipment — 4.8%** | **Semiconductors & Semiconductor Equipment — 4.8%** | **Semiconductors & Semiconductor Equipment — 4.8%** |
| Lattice Semiconductor Corp. (a) | 124836 | &nbsp;&nbsp;&nbsp; $11579787 |
| MKS, Inc.  | 57169 | &nbsp;&nbsp;&nbsp; 13138008 |
| Power Integrations, Inc.  | 231462 | &nbsp;&nbsp;&nbsp; 11850855 |
|  |  | &nbsp;&nbsp;&nbsp; 36568650 |
| **Software — 4.7%** | **Software — 4.7%** | **Software — 4.7%** |
| BlackLine, Inc. (a) | 122696 | &nbsp;&nbsp;&nbsp; 4539752 |
| CCC Intelligent Solutions Holdings, Inc. (a) | 998052 | &nbsp;&nbsp;&nbsp; 5988312 |
| Fair Isaac Corp. (a) | 3026 | &nbsp;&nbsp;&nbsp; 3230376 |
| Manhattan Associates, Inc. (a) | 54216 | &nbsp;&nbsp;&nbsp; 7217234 |
| Qualys, Inc. (a) | 26462 | &nbsp;&nbsp;&nbsp; 2324686 |
| SPS Commerce, Inc. (a) | 103594 | &nbsp;&nbsp;&nbsp; 5767078 |
| Tyler Technologies, Inc. (a) | 18831 | &nbsp;&nbsp;&nbsp; 6447358 |
|  |  | &nbsp;&nbsp;&nbsp; 35514796 |
| **Specialty Retail — 3.1%** | **Specialty Retail — 3.1%** | **Specialty Retail — 3.1%** |
| Asbury Automotive Group, Inc. (a) | 21906 | &nbsp;&nbsp;&nbsp; 4280651 |
| Floor & Decor Holdings, Inc. - Class A (a) | 58061 | &nbsp;&nbsp;&nbsp; 2949499 |
| Murphy USA, Inc.  | 7434 | &nbsp;&nbsp;&nbsp; 3672173 |
| Valvoline, Inc. (a) | 138659 | &nbsp;&nbsp;&nbsp; 4670035 |
| Winmark Corp.  | 18376 | &nbsp;&nbsp;&nbsp; 7856659 |
|  |  | &nbsp;&nbsp;&nbsp; 23429017 |
| **Trading Companies & Distributors — 1.2%** | **Trading Companies & Distributors — 1.2%** | **Trading Companies & Distributors — 1.2%** |
| Core & Main, Inc. - Class A (a) | 23444 | &nbsp;&nbsp;&nbsp; 1158134 |
| SiteOne Landscape Supply, Inc. (a) | 32739 | &nbsp;&nbsp;&nbsp; 4357888 |
| Transcat, Inc. (a) | 45563 | &nbsp;&nbsp;&nbsp; 3346602 |
|  |  | &nbsp;&nbsp;&nbsp; 8862624 |
| **Water Utilities — 2.0%** | **Water Utilities — 2.0%** | **Water Utilities — 2.0%** |
| American States Water Co.  | 139848 | &nbsp;&nbsp;&nbsp; 10575306 |
| Middlesex Water Co.  | 90443 | &nbsp;&nbsp;&nbsp; 4707558 |
|  |  | &nbsp;&nbsp;&nbsp; 15282864 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $594,272,932) <br>|  | &nbsp;&nbsp;&nbsp; 749798474 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—2.0%** | **Short-Term Investments—2.0%** | **Short-Term Investments—2.0%** |
| **Repurchase Agreement—2.0%** | **Repurchase Agreement—2.0%** | **Repurchase Agreement—2.0%** |
| Fixed Income Clearing Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 2.500%, due on <br> 04/01/26, with a maturity value of $15,331,599; <br> collateralized by U.S. Treasury Note at 4.375%, maturing <br> 07/15/27, with a market value of $15,637,299<br>| 15330534 | &nbsp;&nbsp;&nbsp; 15330534 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $15,330,534) <br>|  | &nbsp;&nbsp;&nbsp; 15330534 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—100.2% <br>(Cost $609,603,466) <br>|  | &nbsp;&nbsp;&nbsp; 765129008 |
| Other assets and liabilities (net)—(0.2)%  |  | &nbsp;&nbsp;&nbsp; (1350897)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $763778111 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Principal amount stated in U.S. dollars unless otherwise noted.

(a) Non-income producing security.

**BHFTII-256**

------

**Brighthouse Funds Trust II**

**Neuberger Berman Genesis Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Total Common Stocks\* | &nbsp;&nbsp;&nbsp; $749798474 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $749798474 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15330534 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15330534 |
| Total Investments | &nbsp;&nbsp;&nbsp; $749798474 | &nbsp;&nbsp;&nbsp; $15330534 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $765129008 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

**BHFTII-257**

------

**Brighthouse Funds Trust II**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**T. Rowe Price Large Cap Growth Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—97.8% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Aerospace & Defense — 3.8%** | **Aerospace & Defense — 3.8%** | **Aerospace & Defense — 3.8%** |
| Boeing Co. (a) | 49915 | &nbsp;&nbsp;&nbsp; $9934583 |
| General Electric Co.  | 144748 | &nbsp;&nbsp;&nbsp; 41075140 |
| Howmet Aerospace, Inc.  | 79166 | &nbsp;&nbsp;&nbsp; 18244596 |
| TransDigm Group, Inc.  | 4245 | &nbsp;&nbsp;&nbsp; 4919785 |
|  |  | &nbsp;&nbsp;&nbsp; 74174104 |
| **Automobiles — 3.0%** | **Automobiles — 3.0%** | **Automobiles — 3.0%** |
| Ferrari NV (b) | 13661 | &nbsp;&nbsp;&nbsp; 4623566 |
| Tesla, Inc. (a) | 143987 | &nbsp;&nbsp;&nbsp; 53527167 |
|  |  | &nbsp;&nbsp;&nbsp; 58150733 |
| **Biotechnology — 1.0%** | **Biotechnology — 1.0%** | **Biotechnology — 1.0%** |
| Argenx SE (ADR) (a) | 12361 | &nbsp;&nbsp;&nbsp; 9026620 |
| Natera, Inc. (a) | 46953 | &nbsp;&nbsp;&nbsp; 9390131 |
|  |  | &nbsp;&nbsp;&nbsp; 18416751 |
| **Broadline Retail — 5.7%** | **Broadline Retail — 5.7%** | **Broadline Retail — 5.7%** |
| Amazon.com, Inc. (a) | 455489 | &nbsp;&nbsp;&nbsp; 94864694 |
| MercadoLibre, Inc. (a) | 5592 | &nbsp;&nbsp;&nbsp; 9668680 |
| Sea Ltd. (ADR) (a) | 76567 | &nbsp;&nbsp;&nbsp; 6340513 |
|  |  | &nbsp;&nbsp;&nbsp; 110873887 |
| **Capital Markets — 0.7%** | **Capital Markets — 0.7%** | **Capital Markets — 0.7%** |
| Charles Schwab Corp.  | 44352 | &nbsp;&nbsp;&nbsp; 4168201 |
| Morgan Stanley | 51200 | &nbsp;&nbsp;&nbsp; 8425984 |
| Tradeweb Markets, Inc. - Class A | 15408 | &nbsp;&nbsp;&nbsp; 1812905 |
|  |  | &nbsp;&nbsp;&nbsp; 14407090 |
| **Chemicals — 0.9%** | **Chemicals — 0.9%** | **Chemicals — 0.9%** |
| Linde PLC | 26222 | &nbsp;&nbsp;&nbsp; 12999819 |
| Sherwin-Williams Co.  | 14800 | &nbsp;&nbsp;&nbsp; 4744140 |
|  |  | &nbsp;&nbsp;&nbsp; 17743959 |
| **Commercial Services & Supplies — 0.6%** | **Commercial Services & Supplies — 0.6%** | **Commercial Services & Supplies — 0.6%** |
| Cintas Corp.  | 64049 | &nbsp;&nbsp;&nbsp; 10833248 |
| **Communications Equipment — 0.4%** | **Communications Equipment — 0.4%** | **Communications Equipment — 0.4%** |
| Arista Networks, Inc. (a) | 64400 | &nbsp;&nbsp;&nbsp; 7907032 |
| **Consumer Staples Distribution & Retail — 0.8%** | **Consumer Staples Distribution & Retail — 0.8%** | **Consumer Staples Distribution & Retail — 0.8%** |
| Costco Wholesale Corp.  | 16471 | &nbsp;&nbsp;&nbsp; 16412198 |
| **Electrical Equipment — 1.1%** | **Electrical Equipment — 1.1%** | **Electrical Equipment — 1.1%** |
| GE Vernova, Inc.  | 15400 | &nbsp;&nbsp;&nbsp; 13442660 |
| Vertiv Holdings Co. - Class A | 35100 | &nbsp;&nbsp;&nbsp; 8795358 |
|  |  | &nbsp;&nbsp;&nbsp; 22238018 |
| **Electronic Equipment, Instruments & Components — 1.7%** | **Electronic Equipment, Instruments & Components — 1.7%** | **Electronic Equipment, Instruments & Components — 1.7%** |
| Amphenol Corp. - Class A | 142289 | &nbsp;&nbsp;&nbsp; 17978215 |
| Fabrinet (a) | 9873 | &nbsp;&nbsp;&nbsp; 5148967 |
| Teledyne Technologies, Inc. (a) | 15386 | &nbsp;&nbsp;&nbsp; 9308684 |
|  |  | &nbsp;&nbsp;&nbsp; 32435866 |
| **Entertainment — 2.8%** | **Entertainment — 2.8%** | **Entertainment — 2.8%** |
| Netflix, Inc. (a) | 390143 | &nbsp;&nbsp;&nbsp; 37512250 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Entertainment—(Continued)** | **Entertainment—(Continued)** | **Entertainment—(Continued)** |
| Spotify Technology SA (a) | 36720 | &nbsp;&nbsp;&nbsp; $17805895 |
|  |  | &nbsp;&nbsp;&nbsp; 55318145 |
| **Financial Services — 4.5%** | **Financial Services — 4.5%** | **Financial Services — 4.5%** |
| Adyen NV (a) | 3772 | &nbsp;&nbsp;&nbsp; 3774447 |
| Mastercard, Inc. - Class A | 75444 | &nbsp;&nbsp;&nbsp; 37696349 |
| Visa, Inc. - Class A (b) | 150937 | &nbsp;&nbsp;&nbsp; 45619199 |
|  |  | &nbsp;&nbsp;&nbsp; 87089995 |
| **Ground Transportation — 0.2%** | **Ground Transportation — 0.2%** | **Ground Transportation — 0.2%** |
| Old Dominion Freight Line, Inc.  | 23100 | &nbsp;&nbsp;&nbsp; 4513740 |
| **Health Care Equipment & Supplies — 2.0%** | **Health Care Equipment & Supplies — 2.0%** | **Health Care Equipment & Supplies — 2.0%** |
| Intuitive Surgical, Inc. (a) | 58844 | &nbsp;&nbsp;&nbsp; 27126496 |
| Medline, Inc. - Class A (a) (b) | 46584 | &nbsp;&nbsp;&nbsp; 2072988 |
| Stryker Corp.  | 31029 | &nbsp;&nbsp;&nbsp; 10195819 |
|  |  | &nbsp;&nbsp;&nbsp; 39395303 |
| **Health Care Providers & Services — 0.3%** | **Health Care Providers & Services — 0.3%** | **Health Care Providers & Services — 0.3%** |
| UnitedHealth Group, Inc.  | 21904 | &nbsp;&nbsp;&nbsp; 5927003 |
| **Health Care REITs — 0.5%** | **Health Care REITs — 0.5%** | **Health Care REITs — 0.5%** |
| Welltower, Inc.  | 53700 | &nbsp;&nbsp;&nbsp; 10617027 |
| **Hotels, Restaurants & Leisure — 2.2%** | **Hotels, Restaurants & Leisure — 2.2%** | **Hotels, Restaurants & Leisure — 2.2%** |
| Booking Holdings, Inc.  | 3428 | &nbsp;&nbsp;&nbsp; 14432977 |
| Chipotle Mexican Grill, Inc. (a) | 252931 | &nbsp;&nbsp;&nbsp; 8096321 |
| DoorDash, Inc. - Class A (a) | 57743 | &nbsp;&nbsp;&nbsp; 8670111 |
| Hilton Worldwide Holdings, Inc.  | 35786 | &nbsp;&nbsp;&nbsp; 10881807 |
| Wingstop, Inc. (b) | 6699 | &nbsp;&nbsp;&nbsp; 1038144 |
|  |  | &nbsp;&nbsp;&nbsp; 43119360 |
| **Insurance — 0.8%** | **Insurance — 0.8%** | **Insurance — 0.8%** |
| Chubb Ltd.  | 32200 | &nbsp;&nbsp;&nbsp; 10494946 |
| Marsh & McLennan Cos., Inc.  | 27500 | &nbsp;&nbsp;&nbsp; 4769875 |
|  |  | &nbsp;&nbsp;&nbsp; 15264821 |
| **Interactive Media & Services — 11.2%** | **Interactive Media & Services — 11.2%** | **Interactive Media & Services — 11.2%** |
| Alphabet, Inc. - Class A | 491347 | &nbsp;&nbsp;&nbsp; 141291743 |
| Meta Platforms, Inc. - Class A | 134742 | &nbsp;&nbsp;&nbsp; 77089941 |
|  |  | &nbsp;&nbsp;&nbsp; 218381684 |
| **IT Services — 0.8%** | **IT Services — 0.8%** | **IT Services — 0.8%** |
| Shopify, Inc. - Class A (a) | 94919 | &nbsp;&nbsp;&nbsp; 11259292 |
| Stripe, Inc. - Class B † (a) (c) (d) | 63278 | &nbsp;&nbsp;&nbsp; 3986514 |
|  |  | &nbsp;&nbsp;&nbsp; 15245806 |
| **Life Sciences Tools & Services — 0.8%** | **Life Sciences Tools & Services — 0.8%** | **Life Sciences Tools & Services — 0.8%** |
| Danaher Corp.  | 42954 | &nbsp;&nbsp;&nbsp; 8144078 |
| Thermo Fisher Scientific, Inc.  | 14136 | &nbsp;&nbsp;&nbsp; 6948268 |
|  |  | &nbsp;&nbsp;&nbsp; 15092346 |
| **Pharmaceuticals — 3.0%** | **Pharmaceuticals — 3.0%** | **Pharmaceuticals — 3.0%** |
| Eli Lilly & Co.  | 63761 | &nbsp;&nbsp;&nbsp; 58645455 |

---

**BHFTII-258**

------

**Brighthouse Funds Trust II**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**T. Rowe Price Large Cap Growth Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Semiconductors & Semiconductor Equipment — 22.9%** | **Semiconductors & Semiconductor Equipment — 22.9%** | **Semiconductors & Semiconductor Equipment — 22.9%** |
| Advanced Micro Devices, Inc. (a) | 113935 | &nbsp;&nbsp;&nbsp; $23177797 |
| ASML Holding NV (NY Registry Shares) | 10654 | &nbsp;&nbsp;&nbsp; 14072123 |
| Broadcom, Inc.  | 315667 | &nbsp;&nbsp;&nbsp; 97702093 |
| Lam Research Corp.  | 93200 | &nbsp;&nbsp;&nbsp; 19913112 |
| NVIDIA Corp.  | 1575606 | &nbsp;&nbsp;&nbsp; 274785686 |
| Taiwan Semiconductor Manufacturing Co. Ltd. (ADR) | 45149 | &nbsp;&nbsp;&nbsp; 15258105 |
|  |  | &nbsp;&nbsp;&nbsp; 444908916 |
| **Software — 13.4%** | **Software — 13.4%** | **Software — 13.4%** |
| AppLovin Corp. - Class A (a) | 33052 | &nbsp;&nbsp;&nbsp; 13154697 |
| Crowdstrike Holdings, Inc. - Class A (a) | 33689 | &nbsp;&nbsp;&nbsp; 13152522 |
| Epic Games, Inc. † (a) (c) (d) | 7488 | &nbsp;&nbsp;&nbsp; 3483118 |
| HubSpot, Inc. (a) | 14466 | &nbsp;&nbsp;&nbsp; 3531151 |
| Intuit, Inc.  | 14612 | &nbsp;&nbsp;&nbsp; 6317937 |
| Magic Leap, Inc. - Class A † (a) (c) (d) | 10914 | &nbsp;&nbsp;&nbsp; 0 |
| Microsoft Corp.  | 491597 | &nbsp;&nbsp;&nbsp; 181974461 |
| Oracle Corp.  | 77862 | &nbsp;&nbsp;&nbsp; 11454279 |
| Palantir Technologies, Inc. - Class A (a) | 46210 | &nbsp;&nbsp;&nbsp; 6759599 |
| Samsara, Inc. - Class A (a) (b) | 54316 | &nbsp;&nbsp;&nbsp; 1721274 |
| ServiceNow, Inc. (a) | 176171 | &nbsp;&nbsp;&nbsp; 18418678 |
|  |  | &nbsp;&nbsp;&nbsp; 259967716 |
| **Specialty Retail — 0.9%** | **Specialty Retail — 0.9%** | **Specialty Retail — 0.9%** |
| Carvana Co. (a) (b) | 54692 | &nbsp;&nbsp;&nbsp; 17194071 |
| **Technology Hardware, Storage & Peripherals — 11.5%** | **Technology Hardware, Storage & Peripherals — 11.5%** | **Technology Hardware, Storage & Peripherals — 11.5%** |
| Apple, Inc.  | 877723 | &nbsp;&nbsp;&nbsp; 222757320 |
| **Wireless Telecommunication Services — 0.3%** | **Wireless Telecommunication Services — 0.3%** | **Wireless Telecommunication Services — 0.3%** |
| T-Mobile U.S., Inc.  | 28429 | &nbsp;&nbsp;&nbsp; 5970943 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $1,138,067,164) <br>|  | &nbsp;&nbsp;&nbsp; 1903002537 |
| **Convertible Preferred Stocks—1.7%** | **Convertible Preferred Stocks—1.7%** | **Convertible Preferred Stocks—1.7%** |
| **Automobiles — 0.4%** | **Automobiles — 0.4%** | **Automobiles — 0.4%** |
| Nuro, Inc. - Series C † (a) (c) (d) | 179741 | &nbsp;&nbsp;&nbsp; 2714089 |
| Sila Nanotechnologies, Inc. - Series F † (a) (c) (d) | 52110 | &nbsp;&nbsp;&nbsp; 565915 |
| Sila Nanotechnologies, Inc. - Series G † (a) (c) (d) | 109913 | &nbsp;&nbsp;&nbsp; 1039777 |
| Waymo LLC - Series A-2 † (a) (c) (d) | 26511 | &nbsp;&nbsp;&nbsp; 4473201 |
|  |  | &nbsp;&nbsp;&nbsp; 8792982 |
| **Commercial Services & Supplies — 0.3%** | **Commercial Services & Supplies — 0.3%** | **Commercial Services & Supplies — 0.3%** |
| Redwood Materials, Inc.- Series D † (a) (c) (d) | 110579 | &nbsp;&nbsp;&nbsp; 5204953 |
| **Consumer Staples Distribution & Retail — 0.0%** | **Consumer Staples Distribution & Retail — 0.0%** | **Consumer Staples Distribution & Retail — 0.0%** |
| Rappi, Inc.- Series E † (a) (c) (d) | 52748 | &nbsp;&nbsp;&nbsp; 937332 |
| **Electrical Equipment — 0.1%** | **Electrical Equipment — 0.1%** | **Electrical Equipment — 0.1%** |
| Form Energy, Inc.- Series F † (a) (c) (d) | 89634 | &nbsp;&nbsp;&nbsp; 1951332 |
| **Metals & Mining — 0.2%** | **Metals & Mining — 0.2%** | **Metals & Mining — 0.2%** |
| KoBold Metals Co.- Series C-1 † (a) (c) (d) | 26380 | &nbsp;&nbsp;&nbsp; 2970694 |
| **Semiconductors & Semiconductor Equipment — 0.1%** | **Semiconductors & Semiconductor Equipment — 0.1%** | **Semiconductors & Semiconductor Equipment — 0.1%** |
| Lightmatter, Inc.- Series D † (a) (c) (d) | 16978 | &nbsp;&nbsp;&nbsp; 1447035 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Software — 0.6%** | **Software — 0.6%** | **Software — 0.6%** |
| Celonis SE - Series D † (a) (c) (d) | 1177 | &nbsp;&nbsp;&nbsp; $141310 |
| Databricks, Inc. - Series I † (a) (c) (d) | 68560 | &nbsp;&nbsp;&nbsp; 11725817 |
|  |  | &nbsp;&nbsp;&nbsp; 11867127 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Convertible Preferred Stocks <br>(Cost $28,253,394) <br>|  | &nbsp;&nbsp;&nbsp; 33171455 |
| **Investment Companies—0.2%** | **Investment Companies—0.2%** | **Investment Companies—0.2%** |
| **Exchange-Traded Funds — 0.2%** | **Exchange-Traded Funds — 0.2%** | **Exchange-Traded Funds — 0.2%** |
| Invesco QQQ Trust | 6515 | &nbsp;&nbsp;&nbsp; 3760328 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $3,650,346) <br>|  | &nbsp;&nbsp;&nbsp; 3760328 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—0.2%** | **Short-Term Investments—0.2%** | **Short-Term Investments—0.2%** |
| **Short-Term Investment Funds—0.2%** |  |  |
| T. Rowe Price Government Reserve Fund |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.664% (e) (f) | 3928846 | &nbsp;&nbsp;&nbsp; 3928846 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $3,928,846) <br>|  | &nbsp;&nbsp;&nbsp; 3928846 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (g)—0.0%** | **Securities Lending Reinvestments (g)—0.0%** | **Securities Lending Reinvestments (g)—0.0%** |
| **Short-Term Investment Funds—0.0%** | **Short-Term Investment Funds—0.0%** | **Short-Term Investment Funds—0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund, <br>Select Class 3.600% (f)<br>| 65000 | &nbsp;&nbsp;&nbsp; 65000 |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds FedFund, <br>Institutional Shares 3.550% (f)<br>| 65000 | &nbsp;&nbsp;&nbsp; 65000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (f)<br>| 65000 | &nbsp;&nbsp;&nbsp; 65000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares 3.580% (f)<br>| 50000 | &nbsp;&nbsp;&nbsp; 50000 |
|  |  | &nbsp;&nbsp;&nbsp; 245000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Repurchase Agreements—0.0%** | **Repurchase Agreements—0.0%** | **Repurchase Agreements—0.0%** |
| Deutsche Bank Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $55,708; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.000% <br> - 4.375%, maturity dates ranging from 05/15/30 - <br> 11/15/48, and an aggregate market value of $56,817<br>| 55703 | &nbsp;&nbsp;&nbsp; 55703 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $10,001; collateralized <br> by various Common Stock with an aggregate market value of <br> $11,146<br>| 10000 | &nbsp;&nbsp;&nbsp; 10000 |

---

**BHFTII-259**

------

**Brighthouse Funds Trust II**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**T. Rowe Price Large Cap Growth Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Securities Lending Reinvestments (g)—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** |
| NatWest Markets Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $87,643; collateralized <br> by U.S. Treasury Obligations with rates ranging from 1.125% <br> - 4.875%, maturity dates ranging from 09/15/26 - <br> 08/15/35, and an aggregate market value of $89,396<br>| 87634 | &nbsp;&nbsp;&nbsp; $87634 |
|  |  | &nbsp;&nbsp;&nbsp; 153337 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $398,337) <br>|  | &nbsp;&nbsp;&nbsp; 398337 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—99.9% <br>(Cost $1,174,298,087) <br>|  | &nbsp;&nbsp;&nbsp; 1944261503 |
| Other assets and liabilities (net)—0.1%  |  | &nbsp;&nbsp;&nbsp; 1166808 |
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1945428311 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| \* | 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 <br> registration or to the public if the securities are subsequently registered. Disposal of these <br> securities may involve time-consuming negotiations and prompt sale at an acceptable price may <br> be difficult. As of March 31, 2026, the market value of restricted securities was $40,641,087, <br> which is 2.1% of net assets. See details shown in the Restricted Securities table that follows.<br>|
| (a) | Non-income producing security. |
| (b) | All or a portion of the security was held on loan. As of March 31, 2026, the market value of <br> securities loaned was $13,494,599 and the collateral received consisted of cash in the amount of <br> $398,337 and non-cash collateral with a value of $13,216,246. The cash collateral investments <br> are disclosed in the Schedule of Investments and categorized as Securities Lending <br> Reinvestments. The non-cash collateral received consists of U.S. government securities that are <br> held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or <br> repledged by the Portfolio.<br>|
| (c) | Security was valued in good faith under procedures subject to oversight by the Board of Trustees. <br> As of March 31, 2026, these securities represent 2.1% of net assets.<br>|
| (d) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. |
| (e) | Affiliated Issuer. (See the table that follows for a summary of transactions in affiliated issuers.) |
| (f) | The rate shown represents the annualized seven-day yield as of March 31, 2026. |
| (g) | Represents investment of cash collateral received from securities on loan as of March 31, 2026. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Restricted Securities** | **Acquisition** <br>**Date**<br>| **Shares** | **Cost** | **Value** |
| Celonis SE - Series D | 10/04/22 | &nbsp;&nbsp; 1177 | &nbsp;&nbsp; $435243 | &nbsp;&nbsp; $141310 |
| Databricks, Inc. - Series I | 09/14/23 | &nbsp;&nbsp; 68560 | &nbsp;&nbsp; 5039160 | &nbsp;&nbsp; 11725817 |
| Epic Games, Inc. | 06/18/20 | &nbsp;&nbsp; 7488 | &nbsp;&nbsp; 4310738 | &nbsp;&nbsp; 3483118 |
| Form Energy, Inc. - Series F | 10/04/24 | &nbsp;&nbsp; 89634 | &nbsp;&nbsp; 2167700 | &nbsp;&nbsp; 1951332 |
| KoBold Metals Co. - Series C-1 | 09/20/24 | &nbsp;&nbsp; 26380 | &nbsp;&nbsp; 2241052 | &nbsp;&nbsp; 2970694 |
| Lightmatter, Inc. - Series D | 10/11/24 | &nbsp;&nbsp; 16978 | &nbsp;&nbsp; 1362153 | &nbsp;&nbsp; 1447035 |
| Magic Leap, Inc. - Class A | 01/20/16-10/12/17 | &nbsp;&nbsp; 10914 | &nbsp;&nbsp; 5305346 | &nbsp;&nbsp; 0 |
| Nuro, Inc. - Series C | 10/30/20 | &nbsp;&nbsp; 179741 | &nbsp;&nbsp; 2346447 | &nbsp;&nbsp; 2714089 |
| Rappi, Inc. - Series E | 09/08/20-09/24/20 | &nbsp;&nbsp; 52748 | &nbsp;&nbsp; 3151484 | &nbsp;&nbsp; 937332 |
| Redwood Materials, Inc. - Series D | 06/02/23 | &nbsp;&nbsp; 110579 | &nbsp;&nbsp; 5278584 | &nbsp;&nbsp; 5204953 |
| Sila Nanotechnologies, Inc. - Series F | 01/07/21 | &nbsp;&nbsp; 52110 | &nbsp;&nbsp; 2150726 | &nbsp;&nbsp; 565915 |
| Sila Nanotechnologies, Inc. - Series G | 06/26/24 | &nbsp;&nbsp; 109913 | &nbsp;&nbsp; 1804420 | &nbsp;&nbsp; 1039777 |
| Stripe, Inc. - Class B | 12/17/19 | &nbsp;&nbsp; 63278 | &nbsp;&nbsp; 992832 | &nbsp;&nbsp; 3986514 |
| Waymo LLC - Series A-2 | 05/08/20 | &nbsp;&nbsp; 26511 | &nbsp;&nbsp; 2276425 | &nbsp;&nbsp; 4473201 |
|  |  |  |  | &nbsp;&nbsp; $40641087 |

---

**Transactions in Securities of Affiliated Issuers**

A summary of the Portfolio's transactions in the securities of affiliated issuers for the period ended March 31, 2026 is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security Description** | **Market Value** <br>**December 31, 2025**<br>| **Purchases** | **Sales** | **Ending Value** <br>**as of** <br>**March 31, 2026**<br>|
| T. Rowe Price Government Reserve Fund | &nbsp;&nbsp; $2240067 | &nbsp;&nbsp; $41356493 | &nbsp;&nbsp; $(39667714)<br>| &nbsp;&nbsp; $3928846 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Security Description** | **Number of** <br>**shares held at** <br>**March 31, 2026**<br>|
| T. Rowe Price Government Reserve Fund | &nbsp;&nbsp; 3,928,846 |

---

**BHFTII-260**

------

**Brighthouse Funds Trust II**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**T. Rowe Price Large Cap Growth Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aerospace & Defense | &nbsp;&nbsp;&nbsp; $74174104 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $74174104 |
| &nbsp;&nbsp;&nbsp;&nbsp; Automobiles | &nbsp;&nbsp;&nbsp; 58150733 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 58150733 |
| &nbsp;&nbsp;&nbsp;&nbsp; Biotechnology | &nbsp;&nbsp;&nbsp; 18416751 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 18416751 |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadline Retail | &nbsp;&nbsp;&nbsp; 110873887 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 110873887 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp;&nbsp; 14407090 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14407090 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp;&nbsp; 17743959 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 17743959 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Services & Supplies | &nbsp;&nbsp;&nbsp; 10833248 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10833248 |
| &nbsp;&nbsp;&nbsp;&nbsp; Communications Equipment | &nbsp;&nbsp;&nbsp; 7907032 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7907032 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples Distribution & Retail | &nbsp;&nbsp;&nbsp; 16412198 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16412198 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | &nbsp;&nbsp;&nbsp; 22238018 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22238018 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronic Equipment, Instruments & Components | &nbsp;&nbsp;&nbsp; 32435866 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 32435866 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp;&nbsp; 55318145 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 55318145 |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial Services | &nbsp;&nbsp;&nbsp; 83315548 | &nbsp;&nbsp;&nbsp; 3774447 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 87089995 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ground Transportation | &nbsp;&nbsp;&nbsp; 4513740 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4513740 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Equipment & Supplies | &nbsp;&nbsp;&nbsp; 39395303 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 39395303 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Providers & Services | &nbsp;&nbsp;&nbsp; 5927003 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5927003 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care REITs | &nbsp;&nbsp;&nbsp; 10617027 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10617027 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure | &nbsp;&nbsp;&nbsp; 43119360 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 43119360 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp;&nbsp; 15264821 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15264821 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interactive Media & Services | &nbsp;&nbsp;&nbsp; 218381684 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 218381684 |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp;&nbsp; 11259292 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3986514 | &nbsp;&nbsp;&nbsp; 15245806 |
| &nbsp;&nbsp;&nbsp;&nbsp; Life Sciences Tools & Services | &nbsp;&nbsp;&nbsp; 15092346 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15092346 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals | &nbsp;&nbsp;&nbsp; 58645455 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 58645455 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | &nbsp;&nbsp;&nbsp; 444908916 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 444908916 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp; 256484598 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3483118 | &nbsp;&nbsp;&nbsp; 259967716 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Retail | &nbsp;&nbsp;&nbsp; 17194071 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 17194071 |
| &nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware, Storage & Peripherals | &nbsp;&nbsp;&nbsp; 222757320 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 222757320 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wireless Telecommunication Services | &nbsp;&nbsp;&nbsp; 5970943 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5970943 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 1891758458 | &nbsp;&nbsp;&nbsp; 3774447 | &nbsp;&nbsp;&nbsp; 7469632 | &nbsp;&nbsp;&nbsp; 1903002537 |
| Total Convertible Preferred Stocks\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 33171455 | &nbsp;&nbsp;&nbsp; 33171455 |
| Total Investment Companies\* | &nbsp;&nbsp;&nbsp; 3760328 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3760328 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; 3928846 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3928846 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 245000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 245000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 153337 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 153337 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 245000 | &nbsp;&nbsp;&nbsp; 153337 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 398337 |
| Total Investments | &nbsp;&nbsp;&nbsp; $1899692632 | &nbsp;&nbsp;&nbsp; $3927784 | &nbsp;&nbsp;&nbsp; $40641087 | &nbsp;&nbsp;&nbsp; $1944261503 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(398337)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(398337)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

**BHFTII-261**

------

**Brighthouse Funds Trust II**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**T. Rowe Price Large Cap Growth Portfolio**

**Schedule of Investments as of March 31, 2026 (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** <br>**December 31, 2025**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Balance as of** <br>**March 31, 2026**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>**from Investments** <br>**Held at** <br>**March 31, 2026**<br>|
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp; $2620975<br>| &nbsp;&nbsp; $1365539 | &nbsp;&nbsp; $3986514 | &nbsp;&nbsp; $1365539<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp; 3872344<br>| &nbsp;&nbsp; (389226)<br>| &nbsp;&nbsp; 3483118 | &nbsp;&nbsp; (389226) <br>|
| Convertible Preferred Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Automobiles  | &nbsp;&nbsp; 9521299<br>| &nbsp;&nbsp; (728317)<br>| &nbsp;&nbsp; 8792982<br>| &nbsp;&nbsp; (728317)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Services & Supplies  | &nbsp;&nbsp; 5204953<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 5204953 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples Distribution & Retail  | &nbsp;&nbsp; 937332<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 937332<br>| &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment  | &nbsp;&nbsp; 2193344<br>| &nbsp;&nbsp; (242012)<br>| &nbsp;&nbsp; 1951332 | &nbsp;&nbsp; (242012)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Metals & Mining  | &nbsp;&nbsp; 2970694<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 2970694 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment  | &nbsp;&nbsp; 1447035<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 1447035 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; Software  | &nbsp;&nbsp; 13236895 | &nbsp;&nbsp; (1369768)<br>| &nbsp;&nbsp; 11867127 | &nbsp;&nbsp; (1369768) <br>|
|  | &nbsp;&nbsp; $42004871<br>| &nbsp;&nbsp; $(1363784)<br>| &nbsp;&nbsp; $40641087 | &nbsp;&nbsp; $(1363784)<br>|

---

**BHFTII-262**

------

**Brighthouse Funds Trust II**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**T. Rowe Price Large Cap Growth Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

The following table summarizes the valuation techniques and unobservable inputs utilized to determine fair value of the Level 3 assets as of March 31, 2026.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Fair Value at** <br>**March 31,** <br>**2026**<br>| **Valuation Technique(s)** | **Unobservable Input** | **Range** | **Range** | **Weighted** <br>**Average**<br>| **Relationship** <br>**Between Fair** <br>**Value and** <br>**Input; if input** <br>**value increases** <br>**then Fair Value:**<br>|
| Common Stock |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp; $3986514<br>| Market Transaction Method | Precedent Transaction | &nbsp;&nbsp; $63.00 | &nbsp;&nbsp; $63.00<br>| &nbsp;&nbsp; $63.00<br>| &nbsp;&nbsp; Increase |
| &nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp; 3483118 | Comparable Company Analysis  | Enterprise Value/Revenue  | &nbsp;&nbsp; 4.6x | &nbsp;&nbsp; 4.6x | &nbsp;&nbsp; 4.6x | &nbsp;&nbsp; Increase |
|  |  |  | Enterprise Value/Gross Profit | &nbsp;&nbsp; 8.1x | &nbsp;&nbsp; 8.1x<br>| &nbsp;&nbsp; 8.1x<br>| &nbsp;&nbsp; Increase |
|  |  |  | Discount for Lack of Marketability  | 10.00<br> % <br>| 10.00<br> % <br>| 10.00<br> % <br>| &nbsp;&nbsp; Decrease<br>|
|  | &nbsp;&nbsp; 0<br>| Liquidation Analysis  | Recovery Value  | &nbsp;&nbsp; $0.00<br>| &nbsp;&nbsp; $0.00<br>| &nbsp;&nbsp; $0.00<br>| &nbsp;&nbsp; Increase<br>|
| Convertible Preferred Stocks |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Automobiles | &nbsp;&nbsp; 2714089 | Market Transaction Method | Precedent Transaction | &nbsp;&nbsp; $12.79 | &nbsp;&nbsp; $12.79 | &nbsp;&nbsp; $12.79 | &nbsp;&nbsp; Increase |
|  |  | Calibration Model  | Calculated Enterprise Value/Revenue  | &nbsp;&nbsp; 1.2x | &nbsp;&nbsp; 16.9x<br>| &nbsp;&nbsp; 5.9x<br>| &nbsp;&nbsp; Increase |
|  |  |  | Discount Rate  | 28.70<br> %<br>| 34.70<br> % <br>| 32.00<br> % <br>| &nbsp;&nbsp; Decrease |
|  | &nbsp;&nbsp; 1605692 | Calibration Model | Calculated Enterprise Value/Revenue | &nbsp;&nbsp; 0.9x | &nbsp;&nbsp; 2.1x<br>| &nbsp;&nbsp; 1.5x<br>| &nbsp;&nbsp; Increase<br>|
|  |  |  | Implied Discount | 20.00<br> %<br>| 40.00<br> % <br>| 30.00<br> % <br>| &nbsp;&nbsp; Decrease<br>|
|  | &nbsp;&nbsp; 4473201 | Market Transaction Method | Precedent Transaction  | &nbsp;&nbsp; $168.73 | &nbsp;&nbsp; $168.73<br>| &nbsp;&nbsp; $168.73<br>| &nbsp;&nbsp; Increase |
| &nbsp;&nbsp;&nbsp; Commercial Services & Supplies | &nbsp;&nbsp; 5204953 | Black-Scholes Protective Put | Precedent Transactions  | &nbsp;&nbsp; $47.75 | &nbsp;&nbsp; $47.75 | &nbsp;&nbsp; $47.75 | &nbsp;&nbsp; Increase |
|  |  |  | Average Put Price | &nbsp;&nbsp; $13.77 | &nbsp;&nbsp; $13.77 | &nbsp;&nbsp; $13.77 | &nbsp;&nbsp; Decrease |
| &nbsp;&nbsp;&nbsp; Consumer Staples Distribution & Retail | &nbsp;&nbsp; 937332 | Comparable Company Analysis | Enterprise Value/GMV | &nbsp;&nbsp; 0.3x | &nbsp;&nbsp; 0.3x | &nbsp;&nbsp; 0.3x | &nbsp;&nbsp; Increase |
|  |  | Option Pricing Method | Volatility Rate | 55.00<br> %<br>| 55.00<br> %<br>| 55.00<br> %<br>| &nbsp;&nbsp; Increase |
|  |  |  | Risk-Free Rate  | 3.68<br> %<br>| 3.68<br> %<br>| 3.68<br> %<br>| &nbsp;&nbsp; Decrease |
|  |  |  | Time to Liquidity (years) | 1.13 | 1.13<br>| 1.13<br>| &nbsp;&nbsp; Decrease |
| &nbsp;&nbsp;&nbsp; Electrical Equipment | &nbsp;&nbsp; 1951332 | Market Transaction Method | Precedent Transaction | &nbsp;&nbsp; $24.18 | &nbsp;&nbsp; $24.18 | &nbsp;&nbsp; $24.18 | &nbsp;&nbsp; Increase |
|  |  |  | Discount for Lack of Certainty  | 10.00<br> %<br>| 10.00<br> %<br>| 10.00<br> %<br>| &nbsp;&nbsp; Decrease |
| &nbsp;&nbsp;&nbsp; Metals & Mining | &nbsp;&nbsp; 2970694<br>| Market Transaction Method  | Precedent Transaction  | &nbsp;&nbsp; $112.67<br>| &nbsp;&nbsp; $112.67<br>| &nbsp;&nbsp; $112.67<br>| &nbsp;&nbsp; Increase |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor <br> Equipment<br>| &nbsp;&nbsp; 1447035<br>| Market Transaction Method  | Dollar Volume Weighted Transactions  | &nbsp;&nbsp; $50.14<br>| &nbsp;&nbsp; $75.00<br>| &nbsp;&nbsp; $70.86<br>| &nbsp;&nbsp; Increase |
|  |  | Comparable Company Analysis  | Calculated Enterprise Value/Revenue  | &nbsp;&nbsp; 7.7x | &nbsp;&nbsp; 7.7x | &nbsp;&nbsp; 7.7x<br>| &nbsp;&nbsp; Increase |
|  |  |  | Calculated Enterprise Value/Gross Profit  | &nbsp;&nbsp; 11.5x | &nbsp;&nbsp; 11.5x | &nbsp;&nbsp; 11.5x | &nbsp;&nbsp; Increase<br>|
|  |  |  | Calculated Enterprise Value/Net Income  | &nbsp;&nbsp; 23.5x | &nbsp;&nbsp; 23.5x<br>| &nbsp;&nbsp; 23.5x | &nbsp;&nbsp; Increase |
|  |  |  | Discount Rate  | 37.50<br> % <br>| 37.50<br> % <br>| 37.50<br> % <br>| &nbsp;&nbsp; Decrease |
|  |  |  | Discount for Lack of Marketability  | 10.00<br> %<br>| 10.00<br> % <br>| 10.00<br> % <br>| &nbsp;&nbsp; Decrease<br>|
| &nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp; 141310 | Comparable Company Analysis | Enterprise Value/Revenue | &nbsp;&nbsp; 5.6x | &nbsp;&nbsp; 6.6x | &nbsp;&nbsp; 6.1x | &nbsp;&nbsp; Increase |
|  |  |  | Enterprise Value/Gross Profit | &nbsp;&nbsp; 7.2x | &nbsp;&nbsp; 8.8x | &nbsp;&nbsp; 8.0x | &nbsp;&nbsp; Increase |
|  |  |  | Discount for Lack of Marketability | 10.00<br> %<br>| 10.00<br> %<br>| 10.00<br> %<br>| &nbsp;&nbsp; Decrease |
|  | &nbsp;&nbsp; 11725817 | Comparable Company Analysis | Enterprise Value/Revenue | &nbsp;&nbsp; 21.25x | &nbsp;&nbsp; 21.25x | &nbsp;&nbsp; 21.25x | &nbsp;&nbsp; Increase |
|  | &nbsp;&nbsp; $40641087 |  |  |  |  |  |  |

---

**BHFTII-263**

------

**Brighthouse Funds Trust II**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**T. Rowe Price Small Cap Growth Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—98.5% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Aerospace & Defense — 4.4%** | **Aerospace & Defense — 4.4%** | **Aerospace & Defense — 4.4%** |
| ATI, Inc. (a) | 20991 | &nbsp;&nbsp;&nbsp; $3053351 |
| BWX Technologies, Inc.  | 8237 | &nbsp;&nbsp;&nbsp; 1684384 |
| Carpenter Technology Corp.  | 11820 | &nbsp;&nbsp;&nbsp; 4658853 |
| Curtiss-Wright Corp.  | 5842 | &nbsp;&nbsp;&nbsp; 3979103 |
| Hexcel Corp.  | 41858 | &nbsp;&nbsp;&nbsp; 3387568 |
| Karman Holdings, Inc. (a) (b) | 74080 | &nbsp;&nbsp;&nbsp; 5930104 |
| Kratos Defense & Security Solutions, Inc. (a) | 66250 | &nbsp;&nbsp;&nbsp; 4671287 |
| Leonardo DRS, Inc.  | 60650 | &nbsp;&nbsp;&nbsp; 2700138 |
| Moog, Inc. - Class A | 26337 | &nbsp;&nbsp;&nbsp; 7707260 |
| StandardAero, Inc. (a) | 66396 | &nbsp;&nbsp;&nbsp; 1715009 |
| VSE Corp. (b) | 17534 | &nbsp;&nbsp;&nbsp; 3233269 |
| Woodward, Inc.  | 10802 | &nbsp;&nbsp;&nbsp; 3866252 |
|  |  | &nbsp;&nbsp;&nbsp; 46586578 |
| **Automobile Components — 0.6%** | **Automobile Components — 0.6%** | **Automobile Components — 0.6%** |
| Dorman Products, Inc. (a) (b) | 29403 | &nbsp;&nbsp;&nbsp; 3068497 |
| Visteon Corp. (b) | 33242 | &nbsp;&nbsp;&nbsp; 3028679 |
|  |  | &nbsp;&nbsp;&nbsp; 6097176 |
| **Banks — 2.6%** | **Banks — 2.6%** | **Banks — 2.6%** |
| East West Bancorp, Inc.  | 49500 | &nbsp;&nbsp;&nbsp; 5284620 |
| First BanCorp | 289185 | &nbsp;&nbsp;&nbsp; 6176992 |
| Fulton Financial Corp.  | 171900 | &nbsp;&nbsp;&nbsp; 3496446 |
| International Bancshares Corp.  | 41419 | &nbsp;&nbsp;&nbsp; 2787084 |
| Popular, Inc.  | 48889 | &nbsp;&nbsp;&nbsp; 6559437 |
| UMB Financial Corp.  | 25100 | &nbsp;&nbsp;&nbsp; 2831029 |
|  |  | &nbsp;&nbsp;&nbsp; 27135608 |
| **Beverages — 0.4%** | **Beverages — 0.4%** | **Beverages — 0.4%** |
| Coca-Cola Consolidated, Inc.  | 19695 | &nbsp;&nbsp;&nbsp; 3776319 |
| **Biotechnology — 12.7%** | **Biotechnology — 12.7%** | **Biotechnology — 12.7%** |
| ACADIA Pharmaceuticals, Inc. (a) | 51579 | &nbsp;&nbsp;&nbsp; 1148149 |
| ADMA Biologics, Inc. (a) | 202333 | &nbsp;&nbsp;&nbsp; 1823020 |
| Alkermes PLC (a) | 117918 | &nbsp;&nbsp;&nbsp; 4169580 |
| Apogee Therapeutics, Inc. (a) (b) | 33408 | &nbsp;&nbsp;&nbsp; 2811951 |
| Arcutis Biotherapeutics, Inc. (a) | 33248 | &nbsp;&nbsp;&nbsp; 783323 |
| Arrowhead Pharmaceuticals, Inc. (a) | 48812 | &nbsp;&nbsp;&nbsp; 3060512 |
| Ascendis Pharma AS (ADR) (a) | 10746 | &nbsp;&nbsp;&nbsp; 2457933 |
| Beam Therapeutics, Inc. (a) | 99855 | &nbsp;&nbsp;&nbsp; 2379545 |
| Bicara Therapeutics, Inc. (a) | 38300 | &nbsp;&nbsp;&nbsp; 761787 |
| Biohaven Ltd. (a) | 42022 | &nbsp;&nbsp;&nbsp; 355506 |
| Bridgebio Pharma, Inc. (a) | 116718 | &nbsp;&nbsp;&nbsp; 8667479 |
| Caris Life Sciences, Inc. (a) (b) | 55875 | &nbsp;&nbsp;&nbsp; 999045 |
| Catalyst Pharmaceuticals, Inc. (a) | 68247 | &nbsp;&nbsp;&nbsp; 1689796 |
| Celcuity, Inc. (a) | 15458 | &nbsp;&nbsp;&nbsp; 1764376 |
| Celldex Therapeutics, Inc. (a) | 36318 | &nbsp;&nbsp;&nbsp; 1152007 |
| CG oncology, Inc. (a) | 81190 | &nbsp;&nbsp;&nbsp; 5494939 |
| Cogent Biosciences, Inc. (a) | 108943 | &nbsp;&nbsp;&nbsp; 4193216 |
| Corvus Pharmaceuticals, Inc. (a) | 68100 | &nbsp;&nbsp;&nbsp; 996303 |
| Cullinan Therapeutics, Inc. (a) | 35300 | &nbsp;&nbsp;&nbsp; 501613 |
| Cytokinetics, Inc. (a) | 19491 | &nbsp;&nbsp;&nbsp; 1284652 |
| Denali Therapeutics, Inc. (a) | 63091 | &nbsp;&nbsp;&nbsp; 1211347 |
| Dianthus Therapeutics, Inc. (a) | 14948 | &nbsp;&nbsp;&nbsp; 1254436 |
| Disc Medicine, Inc. (a) (b) | 40097 | &nbsp;&nbsp;&nbsp; 2563802 |
| Dyne Therapeutics, Inc. (a) | 78426 | &nbsp;&nbsp;&nbsp; 1421863 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Biotechnology—(Continued)** | **Biotechnology—(Continued)** | **Biotechnology—(Continued)** |
| Evommune, Inc. (a) (b) | 17500 | &nbsp;&nbsp;&nbsp; $402325 |
| Halozyme Therapeutics, Inc. (a) | 11830 | &nbsp;&nbsp;&nbsp; 764573 |
| Ideaya Biosciences, Inc. (a) | 15000 | &nbsp;&nbsp;&nbsp; 499800 |
| Immunome, Inc. (a) (b) | 30416 | &nbsp;&nbsp;&nbsp; 665198 |
| Immunovant, Inc. (a) (b) | 14800 | &nbsp;&nbsp;&nbsp; 367632 |
| Insmed, Inc. (a) | 10409 | &nbsp;&nbsp;&nbsp; 1702080 |
| Ionis Pharmaceuticals, Inc. (a) (b) | 30107 | &nbsp;&nbsp;&nbsp; 2260735 |
| Kodiak Sciences, Inc. (a) | 23800 | &nbsp;&nbsp;&nbsp; 907256 |
| Krystal Biotech, Inc. (a) | 8919 | &nbsp;&nbsp;&nbsp; 2303956 |
| Kymera Therapeutics, Inc. (a) | 73839 | &nbsp;&nbsp;&nbsp; 6150050 |
| Madrigal Pharmaceuticals, Inc. (a) | 9851 | &nbsp;&nbsp;&nbsp; 5156703 |
| Mineralys Therapeutics, Inc. (a) | 46961 | &nbsp;&nbsp;&nbsp; 1272173 |
| Mirum Pharmaceuticals, Inc. (a) | 42880 | &nbsp;&nbsp;&nbsp; 3961254 |
| Monte Rosa Therapeutics, Inc. (a) | 79943 | &nbsp;&nbsp;&nbsp; 1315062 |
| Natera, Inc. (a) | 23372 | &nbsp;&nbsp;&nbsp; 4674166 |
| Nurix Therapeutics, Inc. (a) | 65163 | &nbsp;&nbsp;&nbsp; 1010027 |
| Nuvalent, Inc. - Class A (a) | 47926 | &nbsp;&nbsp;&nbsp; 4910019 |
| Olema Pharmaceuticals, Inc. (a) | 16100 | &nbsp;&nbsp;&nbsp; 240051 |
| ORIC Pharmaceuticals, Inc. (a) | 102259 | &nbsp;&nbsp;&nbsp; 1295622 |
| Palvella Therapeutics, Inc. (a) | 6093 | &nbsp;&nbsp;&nbsp; 759492 |
| Praxis Precision Medicines, Inc. (a) | 7080 | &nbsp;&nbsp;&nbsp; 2281105 |
| Protagonist Therapeutics, Inc. (a) | 12805 | &nbsp;&nbsp;&nbsp; 1349647 |
| PTC Therapeutics, Inc. (a) | 40823 | &nbsp;&nbsp;&nbsp; 2781271 |
| Replimune Group, Inc. (a) | 191701 | &nbsp;&nbsp;&nbsp; 1466513 |
| Revolution Medicines, Inc. (a) | 32614 | &nbsp;&nbsp;&nbsp; 3171712 |
| Rhythm Pharmaceuticals, Inc. (a) | 45827 | &nbsp;&nbsp;&nbsp; 3985574 |
| Roivant Sciences Ltd. (a) | 50700 | &nbsp;&nbsp;&nbsp; 1404390 |
| Scholar Rock Holding Corp. (a) | 105811 | &nbsp;&nbsp;&nbsp; 5201669 |
| Soleno Therapeutics, Inc. (a) | 33160 | &nbsp;&nbsp;&nbsp; 1110197 |
| Spyre Therapeutics, Inc. (a) | 36165 | &nbsp;&nbsp;&nbsp; 1824163 |
| Stoke Therapeutics, Inc. (a) (b) | 45318 | &nbsp;&nbsp;&nbsp; 1475554 |
| TG Therapeutics, Inc. (a) | 48345 | &nbsp;&nbsp;&nbsp; 1606021 |
| Travere Therapeutics, Inc. (a) | 31934 | &nbsp;&nbsp;&nbsp; 948759 |
| Tyra Biosciences, Inc. (a) | 19200 | &nbsp;&nbsp;&nbsp; 735360 |
| Ultragenyx Pharmaceutical, Inc. (a) | 24923 | &nbsp;&nbsp;&nbsp; 522137 |
| Vaxcyte, Inc. (a) | 20316 | &nbsp;&nbsp;&nbsp; 1180563 |
| Vera Therapeutics, Inc. (a) | 90626 | &nbsp;&nbsp;&nbsp; 3645884 |
| Viridian Therapeutics, Inc. (a) | 85120 | &nbsp;&nbsp;&nbsp; 1664947 |
| Xencor, Inc. (a) | 79417 | &nbsp;&nbsp;&nbsp; 957769 |
| Xenon Pharmaceuticals, Inc. (a) | 54907 | &nbsp;&nbsp;&nbsp; 3192842 |
|  |  | &nbsp;&nbsp;&nbsp; 134070431 |
| **Broadline Retail — 0.2%** | **Broadline Retail — 0.2%** | **Broadline Retail — 0.2%** |
| Ollie's Bargain Outlet Holdings, Inc. (a) | 20500 | &nbsp;&nbsp;&nbsp; 1886820 |
| **Building Products — 2.1%** | **Building Products — 2.1%** | **Building Products — 2.1%** |
| AZZ, Inc. (b) | 26319 | &nbsp;&nbsp;&nbsp; 3293296 |
| CSW Industrials, Inc.  | 12479 | &nbsp;&nbsp;&nbsp; 3251778 |
| Griffon Corp.  | 22084 | &nbsp;&nbsp;&nbsp; 1605065 |
| Modine Manufacturing Co. (a) | 49839 | &nbsp;&nbsp;&nbsp; 10800610 |
| Simpson Manufacturing Co., Inc.  | 17553 | &nbsp;&nbsp;&nbsp; 3012446 |
|  |  | &nbsp;&nbsp;&nbsp; 21963195 |
| **Capital Markets — 2.6%** | **Capital Markets — 2.6%** | **Capital Markets — 2.6%** |
| Affiliated Managers Group, Inc.  | 11934 | &nbsp;&nbsp;&nbsp; 3302138 |
| Lazard, Inc.  | 39512 | &nbsp;&nbsp;&nbsp; 1678469 |

---

**BHFTII-264**

------

**Brighthouse Funds Trust II**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**T. Rowe Price Small Cap Growth Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Capital Markets—(Continued)** | **Capital Markets—(Continued)** | **Capital Markets—(Continued)** |
| Marex Group PLC | 141655 | &nbsp;&nbsp;&nbsp; $6314980 |
| Moelis & Co. - Class A (b) | 15742 | &nbsp;&nbsp;&nbsp; 897294 |
| StepStone Group, Inc. - Class A | 65747 | &nbsp;&nbsp;&nbsp; 3137447 |
| StoneX Group, Inc. (a) (b) | 146429 | &nbsp;&nbsp;&nbsp; 11809499 |
|  |  | &nbsp;&nbsp;&nbsp; 27139827 |
| **Chemicals — 1.5%** | **Chemicals — 1.5%** | **Chemicals — 1.5%** |
| Balchem Corp.  | 6859 | &nbsp;&nbsp;&nbsp; 1162463 |
| Cabot Corp.  | 44616 | &nbsp;&nbsp;&nbsp; 3360031 |
| Element Solutions, Inc.  | 72829 | &nbsp;&nbsp;&nbsp; 2486382 |
| NewMarket Corp.  | 5622 | &nbsp;&nbsp;&nbsp; 3603421 |
| RPM International, Inc.  | 35652 | &nbsp;&nbsp;&nbsp; 3543809 |
| Solstice Advanced Materials, Inc.  | 28300 | &nbsp;&nbsp;&nbsp; 2155328 |
|  |  | &nbsp;&nbsp;&nbsp; 16311434 |
| **Commercial Services & Supplies — 0.4%** | **Commercial Services & Supplies — 0.4%** | **Commercial Services & Supplies — 0.4%** |
| Brink's Co.  | 44737 | &nbsp;&nbsp;&nbsp; 4636095 |
| **Communications Equipment — 1.0%** | **Communications Equipment — 1.0%** | **Communications Equipment — 1.0%** |
| Digi International, Inc. (a) | 56283 | &nbsp;&nbsp;&nbsp; 2712841 |
| Viavi Solutions, Inc. (a) | 243900 | &nbsp;&nbsp;&nbsp; 8116992 |
|  |  | &nbsp;&nbsp;&nbsp; 10829833 |
| **Construction & Engineering — 3.8%** | **Construction & Engineering — 3.8%** | **Construction & Engineering — 3.8%** |
| API Group Corp. (a) | 104487 | &nbsp;&nbsp;&nbsp; 4233813 |
| Argan, Inc.  | 4500 | &nbsp;&nbsp;&nbsp; 2450925 |
| Dycom Industries, Inc. (a) | 14418 | &nbsp;&nbsp;&nbsp; 4885107 |
| EMCOR Group, Inc.  | 1826 | &nbsp;&nbsp;&nbsp; 1348154 |
| Fluor Corp. (a) | 14500 | &nbsp;&nbsp;&nbsp; 676425 |
| Granite Construction, Inc. (b) | 8300 | &nbsp;&nbsp;&nbsp; 995004 |
| IES Holdings, Inc. (a) (b) | 5400 | &nbsp;&nbsp;&nbsp; 2572938 |
| Primoris Services Corp.  | 41471 | &nbsp;&nbsp;&nbsp; 5932012 |
| Sterling Infrastructure, Inc. (a) | 30616 | &nbsp;&nbsp;&nbsp; 12468978 |
| Valmont Industries, Inc.  | 10519 | &nbsp;&nbsp;&nbsp; 4203077 |
|  |  | &nbsp;&nbsp;&nbsp; 39766433 |
| **Construction Materials — 0.4%** | **Construction Materials — 0.4%** | **Construction Materials — 0.4%** |
| Knife River Corp. (a) (b) | 51627 | &nbsp;&nbsp;&nbsp; 4215345 |
| **Consumer Finance — 1.3%** | **Consumer Finance — 1.3%** | **Consumer Finance — 1.3%** |
| Enova International, Inc. (a) | 33425 | &nbsp;&nbsp;&nbsp; 4540118 |
| FirstCash Holdings, Inc.  | 48390 | &nbsp;&nbsp;&nbsp; 9097320 |
|  |  | &nbsp;&nbsp;&nbsp; 13637438 |
| **Consumer Staples Distribution & Retail — 0.6%** | **Consumer Staples Distribution & Retail — 0.6%** | **Consumer Staples Distribution & Retail — 0.6%** |
| Casey's General Stores, Inc.  | 4112 | &nbsp;&nbsp;&nbsp; 2992960 |
| PriceSmart, Inc.  | 18609 | &nbsp;&nbsp;&nbsp; 2800655 |
|  |  | &nbsp;&nbsp;&nbsp; 5793615 |
| **Diversified Consumer Services — 1.9%** | **Diversified Consumer Services — 1.9%** | **Diversified Consumer Services — 1.9%** |
| Covista, Inc. (a) | 42293 | &nbsp;&nbsp;&nbsp; 4874268 |
| Frontdoor, Inc. (a) (b) | 75517 | &nbsp;&nbsp;&nbsp; 3991829 |
| Laureate Education, Inc. (a) | 120177 | &nbsp;&nbsp;&nbsp; 4186967 |
| Liberty Live Holdings, Inc. - Class C (a) | 21214 | &nbsp;&nbsp;&nbsp; 1996449 |
| Stride, Inc. (a) | 31547 | &nbsp;&nbsp;&nbsp; 2781499 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Diversified Consumer Services—(Continued)** | **Diversified Consumer Services—(Continued)** | **Diversified Consumer Services—(Continued)** |
| Universal Technical Institute, Inc. (a) | 71940 | &nbsp;&nbsp;&nbsp; $2597034 |
|  |  | &nbsp;&nbsp;&nbsp; 20428046 |
| **Electrical Equipment — 4.6%** | **Electrical Equipment — 4.6%** | **Electrical Equipment — 4.6%** |
| Acuity, Inc.  | 21800 | &nbsp;&nbsp;&nbsp; 6108796 |
| Babcock & Wilcox Enterprises, Inc. (a) | 11744 | &nbsp;&nbsp;&nbsp; 172519 |
| Bloom Energy Corp. - Class A (a) | 97984 | &nbsp;&nbsp;&nbsp; 13275852 |
| Nextpower, Inc. - Class A (a) | 134469 | &nbsp;&nbsp;&nbsp; 16210238 |
| nVent Electric PLC | 58464 | &nbsp;&nbsp;&nbsp; 6915122 |
| Powell Industries, Inc.  | 2700 | &nbsp;&nbsp;&nbsp; 1460916 |
| Shoals Technologies Group, Inc. - Class A (a) (b) | 145068 | &nbsp;&nbsp;&nbsp; 954548 |
| Vicor Corp. (a) | 23400 | &nbsp;&nbsp;&nbsp; 3767400 |
|  |  | &nbsp;&nbsp;&nbsp; 48865391 |
| **Electronic Equipment, Instruments & Components — 6.4%** | **Electronic Equipment, Instruments & Components — 6.4%** | **Electronic Equipment, Instruments & Components — 6.4%** |
| Advanced Energy Industries, Inc.  | 12700 | &nbsp;&nbsp;&nbsp; 4098417 |
| Badger Meter, Inc. (b) | 17863 | &nbsp;&nbsp;&nbsp; 2721428 |
| Bel Fuse, Inc. - Class B | 29182 | &nbsp;&nbsp;&nbsp; 5777452 |
| Belden, Inc.  | 76625 | &nbsp;&nbsp;&nbsp; 8798849 |
| Cognex Corp.  | 119841 | &nbsp;&nbsp;&nbsp; 5871011 |
| ePlus, Inc.  | 22622 | &nbsp;&nbsp;&nbsp; 1702306 |
| Fabrinet (a) (b) | 34935 | &nbsp;&nbsp;&nbsp; 18219301 |
| Itron, Inc. (a) (b) | 45432 | &nbsp;&nbsp;&nbsp; 4072070 |
| Novanta, Inc. (a) | 25344 | &nbsp;&nbsp;&nbsp; 2993380 |
| OSI Systems, Inc. (a) | 23048 | &nbsp;&nbsp;&nbsp; 6119474 |
| Teledyne Technologies, Inc. (a) | 12758 | &nbsp;&nbsp;&nbsp; 7718718 |
|  |  | &nbsp;&nbsp;&nbsp; 68092406 |
| **Energy Equipment & Services — 1.8%** | **Energy Equipment & Services — 1.8%** | **Energy Equipment & Services — 1.8%** |
| Expro Group Holdings NV (a) (b) | 133500 | &nbsp;&nbsp;&nbsp; 2324235 |
| TechnipFMC PLC | 118046 | &nbsp;&nbsp;&nbsp; 8160520 |
| Tidewater, Inc. (a) | 21700 | &nbsp;&nbsp;&nbsp; 1813035 |
| Weatherford International PLC | 70340 | &nbsp;&nbsp;&nbsp; 6652757 |
|  |  | &nbsp;&nbsp;&nbsp; 18950547 |
| **Entertainment — 0.5%** | **Entertainment — 0.5%** | **Entertainment — 0.5%** |
| IMAX Corp. (a) | 87200 | &nbsp;&nbsp;&nbsp; 3314472 |
| TKO Group Holdings, Inc.  | 11374 | &nbsp;&nbsp;&nbsp; 2293567 |
|  |  | &nbsp;&nbsp;&nbsp; 5608039 |
| **Financial Services — 1.1%** | **Financial Services — 1.1%** | **Financial Services — 1.1%** |
| Euronet Worldwide, Inc. (a) | 13856 | &nbsp;&nbsp;&nbsp; 919623 |
| EVERTEC, Inc.  | 62684 | &nbsp;&nbsp;&nbsp; 1768942 |
| Marqeta, Inc. - Class A (a) | 484667 | &nbsp;&nbsp;&nbsp; 1977441 |
| Payoneer Global, Inc. (a) | 861243 | &nbsp;&nbsp;&nbsp; 4159804 |
| Sezzle, Inc. (a) (b) | 37855 | &nbsp;&nbsp;&nbsp; 2395843 |
|  |  | &nbsp;&nbsp;&nbsp; 11221653 |
| **Food Products — 0.1%** | **Food Products — 0.1%** | **Food Products — 0.1%** |
| Simply Good Foods Co. (a) | 57638 | &nbsp;&nbsp;&nbsp; 827105 |
| **Ground Transportation — 0.6%** | **Ground Transportation — 0.6%** | **Ground Transportation — 0.6%** |
| Lyft, Inc. - Class A (a) (b) | 69800 | &nbsp;&nbsp;&nbsp; 928340 |
| Saia, Inc. (a) | 14497 | &nbsp;&nbsp;&nbsp; 5092506 |
|  |  | &nbsp;&nbsp;&nbsp; 6020846 |

---

**BHFTII-265**

------

**Brighthouse Funds Trust II**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**T. Rowe Price Small Cap Growth Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Health Care Equipment & Supplies — 2.7%** | **Health Care Equipment & Supplies — 2.7%** | **Health Care Equipment & Supplies — 2.7%** |
| Globus Medical, Inc. - Class A (a) | 44164 | &nbsp;&nbsp;&nbsp; $3805170 |
| Haemonetics Corp. (a) | 36767 | &nbsp;&nbsp;&nbsp; 2072188 |
| Kestra Medical Technologies Ltd. (a) (b) | 50100 | &nbsp;&nbsp;&nbsp; 998493 |
| Lantheus Holdings, Inc. (a) | 71797 | &nbsp;&nbsp;&nbsp; 5445803 |
| LeMaitre Vascular, Inc. (b) | 28912 | &nbsp;&nbsp;&nbsp; 3156323 |
| Merit Medical Systems, Inc. (a) | 58766 | &nbsp;&nbsp;&nbsp; 4050740 |
| STERIS PLC | 9965 | &nbsp;&nbsp;&nbsp; 2203560 |
| TransMedics Group, Inc. (a) (b) | 31941 | &nbsp;&nbsp;&nbsp; 3175255 |
| UFP Technologies, Inc. (a) (b) | 21063 | &nbsp;&nbsp;&nbsp; 4077797 |
|  |  | &nbsp;&nbsp;&nbsp; 28985329 |
| **Health Care Providers & Services — 5.4%** | **Health Care Providers & Services — 5.4%** | **Health Care Providers & Services — 5.4%** |
| Addus HomeCare Corp. (a) | 12114 | &nbsp;&nbsp;&nbsp; 1134476 |
| Billiontoone, Inc. - Class A (a) (b) | 11444 | &nbsp;&nbsp;&nbsp; 903389 |
| BrightSpring Health Services, Inc. (a) | 204889 | &nbsp;&nbsp;&nbsp; 8730320 |
| Concentra Group Holdings Parent, Inc.  | 99427 | &nbsp;&nbsp;&nbsp; 2132709 |
| Encompass Health Corp.  | 52757 | &nbsp;&nbsp;&nbsp; 5103185 |
| Ensign Group, Inc.  | 55263 | &nbsp;&nbsp;&nbsp; 11135495 |
| Guardant Health, Inc. (a) | 110109 | &nbsp;&nbsp;&nbsp; 10170768 |
| HealthEquity, Inc. (a) | 57930 | &nbsp;&nbsp;&nbsp; 4841210 |
| Option Care Health, Inc. (a) | 146727 | &nbsp;&nbsp;&nbsp; 3949891 |
| RadNet, Inc. (a) | 52755 | &nbsp;&nbsp;&nbsp; 2948477 |
| Tenet Healthcare Corp. (a) | 34718 | &nbsp;&nbsp;&nbsp; 6551634 |
|  |  | &nbsp;&nbsp;&nbsp; 57601554 |
| **Health Care REITs — 0.3%** | **Health Care REITs — 0.3%** | **Health Care REITs — 0.3%** |
| American Healthcare REIT, Inc. (b) | 65680 | &nbsp;&nbsp;&nbsp; 3097469 |
| **Health Care Technology — 0.3%** | **Health Care Technology — 0.3%** | **Health Care Technology — 0.3%** |
| Waystar Holding Corp. (a) | 120486 | &nbsp;&nbsp;&nbsp; 2904918 |
| **Hotel & Resort REITs — 0.3%** | **Hotel & Resort REITs — 0.3%** | **Hotel & Resort REITs — 0.3%** |
| Ryman Hospitality Properties, Inc.  | 32748 | &nbsp;&nbsp;&nbsp; 3021658 |
| **Hotels, Restaurants & Leisure — 1.7%** | **Hotels, Restaurants & Leisure — 1.7%** | **Hotels, Restaurants & Leisure — 1.7%** |
| Boyd Gaming Corp.  | 49646 | &nbsp;&nbsp;&nbsp; 4079908 |
| Brinker International, Inc. (a) | 18273 | &nbsp;&nbsp;&nbsp; 2608836 |
| Cava Group, Inc. (a) (b) | 12000 | &nbsp;&nbsp;&nbsp; 970800 |
| Churchill Downs, Inc.  | 16855 | &nbsp;&nbsp;&nbsp; 1514085 |
| Dutch Bros, Inc. - Class A (a) | 45249 | &nbsp;&nbsp;&nbsp; 2292314 |
| Life Time Group Holdings, Inc. (a) | 50500 | &nbsp;&nbsp;&nbsp; 1360470 |
| Navan, Inc. - Class A (a) (b) | 40915 | &nbsp;&nbsp;&nbsp; 541715 |
| Planet Fitness, Inc. - Class A (a) (b) | 12489 | &nbsp;&nbsp;&nbsp; 928932 |
| Travel & Leisure Co.  | 32463 | &nbsp;&nbsp;&nbsp; 2246115 |
| Wingstop, Inc. (b) | 6167 | &nbsp;&nbsp;&nbsp; 955700 |
|  |  | &nbsp;&nbsp;&nbsp; 17498875 |
| **Household Durables — 1.8%** | **Household Durables — 1.8%** | **Household Durables — 1.8%** |
| Cavco Industries, Inc. (a) | 8559 | &nbsp;&nbsp;&nbsp; 4145038 |
| Green Brick Partners, Inc. (a) | 57549 | &nbsp;&nbsp;&nbsp; 3709033 |
| Installed Building Products, Inc. (b) | 19544 | &nbsp;&nbsp;&nbsp; 5182092 |
| SharkNinja, Inc. (a) (b) | 36100 | &nbsp;&nbsp;&nbsp; 3822990 |
| TopBuild Corp. (a) (b) | 6121 | &nbsp;&nbsp;&nbsp; 2150307 |
|  |  | &nbsp;&nbsp;&nbsp; 19009460 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Industrial REITs — 0.1%** | **Industrial REITs — 0.1%** | **Industrial REITs — 0.1%** |
| Rexford Industrial Realty, Inc.  | 37321 | &nbsp;&nbsp;&nbsp; $1221516 |
| **Insurance — 1.1%** | **Insurance — 1.1%** | **Insurance — 1.1%** |
| Oscar Health, Inc. - Class A (a) | 73000 | &nbsp;&nbsp;&nbsp; 837310 |
| Palomar Holdings, Inc. (a) | 18188 | &nbsp;&nbsp;&nbsp; 2173466 |
| Primerica, Inc.  | 12757 | &nbsp;&nbsp;&nbsp; 3195373 |
| SiriusPoint Ltd. (a) | 20200 | &nbsp;&nbsp;&nbsp; 435108 |
| Skyward Specialty Insurance Group, Inc. (a) | 113636 | &nbsp;&nbsp;&nbsp; 4963621 |
|  |  | &nbsp;&nbsp;&nbsp; 11604878 |
| **Interactive Media & Services — 0.2%** | **Interactive Media & Services — 0.2%** | **Interactive Media & Services — 0.2%** |
| Cargurus, Inc. (a) | 31123 | &nbsp;&nbsp;&nbsp; 1059738 |
| EverQuote, Inc. - Class A (a) | 64700 | &nbsp;&nbsp;&nbsp; 997674 |
|  |  | &nbsp;&nbsp;&nbsp; 2057412 |
| **IT Services — 0.4%** | **IT Services — 0.4%** | **IT Services — 0.4%** |
| Applied Digital Corp. (a) (b) | 24500 | &nbsp;&nbsp;&nbsp; 581630 |
| DigitalOcean Holdings, Inc. (a) (b) | 48200 | &nbsp;&nbsp;&nbsp; 4134596 |
|  |  | &nbsp;&nbsp;&nbsp; 4716226 |
| **Life Sciences Tools & Services — 0.9%** | **Life Sciences Tools & Services — 0.9%** | **Life Sciences Tools & Services — 0.9%** |
| Adaptive Biotechnologies Corp. (a) | 145152 | &nbsp;&nbsp;&nbsp; 2014710 |
| Charles River Laboratories International, Inc. (a) | 13700 | &nbsp;&nbsp;&nbsp; 2363250 |
| Medpace Holdings, Inc. (a) | 6462 | &nbsp;&nbsp;&nbsp; 3102988 |
| Repligen Corp. (a) | 15843 | &nbsp;&nbsp;&nbsp; 1866622 |
|  |  | &nbsp;&nbsp;&nbsp; 9347570 |
| **Machinery — 7.2%** | **Machinery — 7.2%** | **Machinery — 7.2%** |
| Allison Transmission Holdings, Inc.  | 26071 | &nbsp;&nbsp;&nbsp; 3051871 |
| Atmus Filtration Technologies, Inc.  | 156086 | &nbsp;&nbsp;&nbsp; 8861002 |
| Crane Co.  | 9890 | &nbsp;&nbsp;&nbsp; 1691190 |
| Enpro, Inc.  | 5100 | &nbsp;&nbsp;&nbsp; 1278315 |
| Esab Corp.  | 58409 | &nbsp;&nbsp;&nbsp; 5645814 |
| ESCO Technologies, Inc.  | 20000 | &nbsp;&nbsp;&nbsp; 5627400 |
| Federal Signal Corp. (b) | 73147 | &nbsp;&nbsp;&nbsp; 7910117 |
| JBT Marel Corp.  | 43500 | &nbsp;&nbsp;&nbsp; 5562345 |
| Kadant, Inc.  | 16329 | &nbsp;&nbsp;&nbsp; 4773783 |
| Mueller Industries, Inc.  | 58275 | &nbsp;&nbsp;&nbsp; 6456870 |
| RBC Bearings, Inc. (a) | 3156 | &nbsp;&nbsp;&nbsp; 1714087 |
| SPX Technologies, Inc. (a) | 49347 | &nbsp;&nbsp;&nbsp; 9866439 |
| Toro Co.  | 39279 | &nbsp;&nbsp;&nbsp; 3670230 |
| Watts Water Technologies, Inc. - Class A | 32715 | &nbsp;&nbsp;&nbsp; 9496837 |
|  |  | &nbsp;&nbsp;&nbsp; 75606300 |
| **Marine Transportation — 0.4%** | **Marine Transportation — 0.4%** | **Marine Transportation — 0.4%** |
| Kirby Corp. (a) | 30174 | &nbsp;&nbsp;&nbsp; 4009521 |
| **Media — 0.4%** | **Media — 0.4%** | **Media — 0.4%** |
| DoubleVerify Holdings, Inc. (a) | 197358 | &nbsp;&nbsp;&nbsp; 1874901 |
| Nexstar Media Group, Inc. (b) | 14213 | &nbsp;&nbsp;&nbsp; 2570137 |
|  |  | &nbsp;&nbsp;&nbsp; 4445038 |
| **Metals & Mining — 1.5%** | **Metals & Mining — 1.5%** | **Metals & Mining — 1.5%** |
| Alamos Gold, Inc. - Class A | 32700 | &nbsp;&nbsp;&nbsp; 1454822 |
| Artemis Gold, Inc. (a) | 73900 | &nbsp;&nbsp;&nbsp; 2005409 |

---

**BHFTII-266**

------

**Brighthouse Funds Trust II**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**T. Rowe Price Small Cap Growth Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Metals & Mining—(Continued)** | **Metals & Mining—(Continued)** | **Metals & Mining—(Continued)** |
| Coeur Mining, Inc. (a) | 374738 | &nbsp;&nbsp;&nbsp; $7033832 |
| Ivanhoe Electric, Inc. (a) | 82648 | &nbsp;&nbsp;&nbsp; 976899 |
| MP Materials Corp. (a) (b) | 24175 | &nbsp;&nbsp;&nbsp; 1166686 |
| Warrior Met Coal, Inc.  | 31103 | &nbsp;&nbsp;&nbsp; 2897245 |
|  |  | &nbsp;&nbsp;&nbsp; 15534893 |
| **Oil, Gas & Consumable Fuels — 2.8%** | **Oil, Gas & Consumable Fuels — 2.8%** | **Oil, Gas & Consumable Fuels — 2.8%** |
| Centrus Energy Corp. - Class A (a) (b) | 15128 | &nbsp;&nbsp;&nbsp; 2626070 |
| Energy Fuels, Inc. (a) (b) | 20400 | &nbsp;&nbsp;&nbsp; 372300 |
| Golar LNG Ltd.  | 20800 | &nbsp;&nbsp;&nbsp; 1125488 |
| Matador Resources Co.  | 35900 | &nbsp;&nbsp;&nbsp; 2268162 |
| Permian Resources Corp. - Class A | 387248 | &nbsp;&nbsp;&nbsp; 8256127 |
| Range Resources Corp.  | 78305 | &nbsp;&nbsp;&nbsp; 3537820 |
| Uranium Energy Corp. (a) (b) | 600162 | &nbsp;&nbsp;&nbsp; 8102187 |
| Viper Energy, Inc. - Class A | 73729 | &nbsp;&nbsp;&nbsp; 3464526 |
|  |  | &nbsp;&nbsp;&nbsp; 29752680 |
| **Paper & Forest Products — 0.1%** | **Paper & Forest Products — 0.1%** | **Paper & Forest Products — 0.1%** |
| Louisiana-Pacific Corp.  | 19603 | &nbsp;&nbsp;&nbsp; 1426118 |
| **Personal Care Products — 0.4%** | **Personal Care Products — 0.4%** | **Personal Care Products — 0.4%** |
| elf Beauty, Inc. (a) | 46944 | &nbsp;&nbsp;&nbsp; 2845276 |
| Interparfums, Inc. (b) | 20287 | &nbsp;&nbsp;&nbsp; 1842871 |
|  |  | &nbsp;&nbsp;&nbsp; 4688147 |
| **Pharmaceuticals — 1.7%** | **Pharmaceuticals — 1.7%** | **Pharmaceuticals — 1.7%** |
| Alumis, Inc. (a) | 43300 | &nbsp;&nbsp;&nbsp; 953899 |
| Axsome Therapeutics, Inc. (a) | 37048 | &nbsp;&nbsp;&nbsp; 6261853 |
| Crinetics Pharmaceuticals, Inc. (a) (b) | 107709 | &nbsp;&nbsp;&nbsp; 3911991 |
| Liquidia Corp. (a) | 26600 | &nbsp;&nbsp;&nbsp; 1003884 |
| MediWound Ltd. (a) (b) | 20500 | &nbsp;&nbsp;&nbsp; 330255 |
| Ocular Therapeutix, Inc. (a) | 134200 | &nbsp;&nbsp;&nbsp; 1136674 |
| Prestige Consumer Healthcare, Inc. (a) | 47263 | &nbsp;&nbsp;&nbsp; 2801278 |
| Terns Pharmaceuticals, Inc. (a) | 13000 | &nbsp;&nbsp;&nbsp; 685360 |
| WaVe Life Sciences Ltd. (a) | 184833 | &nbsp;&nbsp;&nbsp; 1340039 |
|  |  | &nbsp;&nbsp;&nbsp; 18425233 |
| **Professional Services — 1.7%** | **Professional Services — 1.7%** | **Professional Services — 1.7%** |
| Booz Allen Hamilton Holding Corp.  | 31745 | &nbsp;&nbsp;&nbsp; 2477062 |
| CACI International, Inc. - Class A (a) | 2359 | &nbsp;&nbsp;&nbsp; 1282989 |
| FTI Consulting, Inc. (a) | 16664 | &nbsp;&nbsp;&nbsp; 2945695 |
| Genpact Ltd.  | 80925 | &nbsp;&nbsp;&nbsp; 3014456 |
| Huron Consulting Group, Inc. (a) | 19054 | &nbsp;&nbsp;&nbsp; 2429195 |
| Upwork, Inc. (a) | 457609 | &nbsp;&nbsp;&nbsp; 5015395 |
| Verra Mobility Corp. (a) | 47528 | &nbsp;&nbsp;&nbsp; 679175 |
|  |  | &nbsp;&nbsp;&nbsp; 17843967 |
| **Real Estate Management & Development — 0.1%** | **Real Estate Management & Development — 0.1%** | **Real Estate Management & Development — 0.1%** |
| Jones Lang LaSalle, Inc. (a) | 3700 | &nbsp;&nbsp;&nbsp; 1125984 |
| **Semiconductors & Semiconductor Equipment — 6.4%** | **Semiconductors & Semiconductor Equipment — 6.4%** | **Semiconductors & Semiconductor Equipment — 6.4%** |
| Astera Labs, Inc. (a) | 6800 | &nbsp;&nbsp;&nbsp; 745280 |
| Axcelis Technologies, Inc. (a) (b) | 27539 | &nbsp;&nbsp;&nbsp; 2563330 |
| Cirrus Logic, Inc. (a) | 13315 | &nbsp;&nbsp;&nbsp; 1925615 |
| Credo Technology Group Holding Ltd. (a) | 91883 | &nbsp;&nbsp;&nbsp; 8625057 |
| Entegris, Inc.  | 43125 | &nbsp;&nbsp;&nbsp; 5055975 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Semiconductors & Semiconductor Equipment—(Continued)** | **Semiconductors & Semiconductor Equipment—(Continued)** | **Semiconductors & Semiconductor Equipment—(Continued)** |
| Impinj, Inc. (a) (b) | 17600 | &nbsp;&nbsp;&nbsp; $1807520 |
| Lattice Semiconductor Corp. (a) | 36121 | &nbsp;&nbsp;&nbsp; 3350584 |
| MACOM Technology Solutions Holdings, Inc. (a) | 22241 | &nbsp;&nbsp;&nbsp; 4939059 |
| MKS, Inc.  | 26385 | &nbsp;&nbsp;&nbsp; 6063537 |
| Monolithic Power Systems, Inc.  | 3057 | &nbsp;&nbsp;&nbsp; 3342371 |
| Onto Innovation, Inc. (a) | 18493 | &nbsp;&nbsp;&nbsp; 3792360 |
| Photronics, Inc. (a) | 86834 | &nbsp;&nbsp;&nbsp; 3508962 |
| Power Integrations, Inc. (b) | 24800 | &nbsp;&nbsp;&nbsp; 1269760 |
| Rambus, Inc. (a) | 141783 | &nbsp;&nbsp;&nbsp; 12197591 |
| SiTime Corp. (a) | 13022 | &nbsp;&nbsp;&nbsp; 4497148 |
| Synaptics, Inc. (a) | 16749 | &nbsp;&nbsp;&nbsp; 1173100 |
| Tower Semiconductor Ltd. (a) | 14500 | &nbsp;&nbsp;&nbsp; 2544460 |
|  |  | &nbsp;&nbsp;&nbsp; 67401709 |
| **Software — 5.8%** | **Software — 5.8%** | **Software — 5.8%** |
| A10 Networks, Inc.  | 97388 | &nbsp;&nbsp;&nbsp; 2251610 |
| ACI Worldwide, Inc. (a) | 96162 | &nbsp;&nbsp;&nbsp; 3943604 |
| Agilysys, Inc. (a) | 32448 | &nbsp;&nbsp;&nbsp; 2308351 |
| Alarm.com Holdings, Inc. (a) | 34856 | &nbsp;&nbsp;&nbsp; 1505431 |
| Appfolio, Inc. - Class A (a) | 26104 | &nbsp;&nbsp;&nbsp; 4119733 |
| Bill Holdings, Inc. (a) | 93290 | &nbsp;&nbsp;&nbsp; 3573007 |
| BlackLine, Inc. (a) (b) | 22500 | &nbsp;&nbsp;&nbsp; 832500 |
| CCC Intelligent Solutions Holdings, Inc. (a) (b) | 647018 | &nbsp;&nbsp;&nbsp; 3882108 |
| Commvault Systems, Inc. (a) | 17655 | &nbsp;&nbsp;&nbsp; 1375148 |
| Core Scientific, Inc. (a) | 39600 | &nbsp;&nbsp;&nbsp; 592416 |
| Descartes Systems Group, Inc. (a) | 63698 | &nbsp;&nbsp;&nbsp; 4558229 |
| HubSpot, Inc. (a) | 8700 | &nbsp;&nbsp;&nbsp; 2123670 |
| InterDigital, Inc. (b) | 40457 | &nbsp;&nbsp;&nbsp; 12218014 |
| JFrog Ltd. (a) | 46700 | &nbsp;&nbsp;&nbsp; 2191631 |
| Pegasystems, Inc.  | 60634 | &nbsp;&nbsp;&nbsp; 2580583 |
| Procore Technologies, Inc. (a) | 26400 | &nbsp;&nbsp;&nbsp; 1504800 |
| PTC, Inc. (a) | 31425 | &nbsp;&nbsp;&nbsp; 4477748 |
| Q2 Holdings, Inc. (a) | 46182 | &nbsp;&nbsp;&nbsp; 2184409 |
| Qualys, Inc. (a) | 7564 | &nbsp;&nbsp;&nbsp; 664497 |
| SPS Commerce, Inc. (a) | 19621 | &nbsp;&nbsp;&nbsp; 1092301 |
| Teradata Corp. (a) | 29400 | &nbsp;&nbsp;&nbsp; 753522 |
| Workiva, Inc. (a) | 44924 | &nbsp;&nbsp;&nbsp; 2678818 |
|  |  | &nbsp;&nbsp;&nbsp; 61412130 |
| **Specialized REITs — 0.5%** | **Specialized REITs — 0.5%** | **Specialized REITs — 0.5%** |
| Lamar Advertising Co. - Class A (b) | 26463 | &nbsp;&nbsp;&nbsp; 3351804 |
| Smartstop Self Storage REIT, Inc. (b) | 50837 | &nbsp;&nbsp;&nbsp; 1539344 |
|  |  | &nbsp;&nbsp;&nbsp; 4891148 |
| **Specialty Retail — 1.1%** | **Specialty Retail — 1.1%** | **Specialty Retail — 1.1%** |
| Abercrombie & Fitch Co. - Class A (a) | 52155 | &nbsp;&nbsp;&nbsp; 4765402 |
| Boot Barn Holdings, Inc. (a) | 28842 | &nbsp;&nbsp;&nbsp; 4221315 |
| Build-A-Bear Workshop, Inc. (b) | 31110 | &nbsp;&nbsp;&nbsp; 1165070 |
| Burlington Stores, Inc. (a) | 3300 | &nbsp;&nbsp;&nbsp; 1073754 |
| Urban Outfitters, Inc. (a) | 10116 | &nbsp;&nbsp;&nbsp; 640849 |
|  |  | &nbsp;&nbsp;&nbsp; 11866390 |
| **Technology Hardware, Storage & Peripherals — 0.3%** | **Technology Hardware, Storage & Peripherals — 0.3%** | **Technology Hardware, Storage & Peripherals — 0.3%** |
| IonQ, Inc. (a) (b) | 108864 | &nbsp;&nbsp;&nbsp; 3138549 |

---

**BHFTII-267**

------

**Brighthouse Funds Trust II**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**T. Rowe Price Small Cap Growth Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Textiles, Apparel & Luxury Goods — 0.5%** | **Textiles, Apparel & Luxury Goods — 0.5%** | **Textiles, Apparel & Luxury Goods — 0.5%** |
| Birkenstock Holding PLC (a) (b) | 75796 | &nbsp;&nbsp;&nbsp; $2715771 |
| Crocs, Inc. (a) | 13975 | &nbsp;&nbsp;&nbsp; 1160204 |
| Kontoor Brands, Inc. (b) | 25214 | &nbsp;&nbsp;&nbsp; 1772292 |
|  |  | &nbsp;&nbsp;&nbsp; 5648267 |
| **Trading Companies & Distributors — 0.8%** | **Trading Companies & Distributors — 0.8%** | **Trading Companies & Distributors — 0.8%** |
| Applied Industrial Technologies, Inc.  | 18702 | &nbsp;&nbsp;&nbsp; 4962015 |
| SiteOne Landscape Supply, Inc. (a) | 28950 | &nbsp;&nbsp;&nbsp; 3853534 |
|  |  | &nbsp;&nbsp;&nbsp; 8815549 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $874,720,525) <br>|  | &nbsp;&nbsp;&nbsp; 1040958668 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—1.4%** | **Short-Term Investments—1.4%** | **Short-Term Investments—1.4%** |
| **Short-Term Investment Funds—1.4%** |  |  |
| T. Rowe Price Government Reserve Fund |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.664% (c) (d) | 14876463 | &nbsp;&nbsp;&nbsp; 14876463 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $14,876,463) <br>|  | &nbsp;&nbsp;&nbsp; 14876463 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (e)—4.0%** | **Securities Lending Reinvestments (e)—4.0%** | **Securities Lending Reinvestments (e)—4.0%** |
| **Short-Term Investment Funds—1.7%** | **Short-Term Investment Funds—1.7%** | **Short-Term Investment Funds—1.7%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund, <br>Select Class 3.600% (d)<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds FedFund, <br>Institutional Shares 3.550% (d)<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (d)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Government Portfolio, <br>Class I 3.530% (d)<br>| 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br>Institutional Shares 3.530% (d)<br>| 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco STIT-Government & Agency Portfolio, <br>Institutional Class 3.580% (d)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, <br>Premier Class 3.600% (d)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
|  |  | &nbsp;&nbsp;&nbsp; 18000000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Certificates of Deposit—0.3%** | **Certificates of Deposit—0.3%** | **Certificates of Deposit—0.3%** |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, SOFR + 0.370%, 08/07/26 (f) | 2000000 | &nbsp;&nbsp;&nbsp; 2000776 |
| Commonwealth Bank of Australia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 04/13/26 (f) | 1000000 | &nbsp;&nbsp;&nbsp; 1000040 |
|  |  | &nbsp;&nbsp;&nbsp; 3000816 |
| **Repurchase Agreements—1.8%** | **Repurchase Agreements—1.8%** | **Repurchase Agreements—1.8%** |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.770%, due on <br> 04/01/26 with a maturity value of $2,000,209; collateralized <br> by various Common Stock with an aggregate market value of <br> $2,229,200<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $2,000,203; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.000% - <br> 5.000%, maturity dates ranging from 06/30/26 - 02/15/54, <br> and an aggregate market value of $2,040,000<br>| 2000000 | &nbsp;&nbsp;&nbsp; $2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.700%, due on <br> 04/01/26 with a maturity value of $1,000,103; collateralized <br> by various Common Stock with an aggregate market value of <br> $1,112,281<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| Citigroup Global Markets, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.690%, due on <br> 04/01/26 with a maturity value of $4,000,410; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.125% - <br> 6.125%, maturity dates ranging from 06/15/27 - 02/15/32, <br> and various Common Stock with an aggregate market value of <br> $4,080,053<br>| 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 4.130%, due on <br> 10/02/26 with a maturity value of $4,084,894; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.125% - <br> 6.125%, maturity dates ranging from 06/15/27 - 02/15/32, <br> and various Common Stock with an aggregate market value of <br> $4,080,053<br>| 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| National Bank Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $1,000,105; collateralized <br> by U.S. Treasury Bond at 3.875%, maturing 02/15/43, and <br> various Common Stock with an aggregate market value of <br> $1,110,982<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.800%, due on <br> 04/07/26 with a maturity value of $4,002,956; collateralized <br> by U.S. Treasury Obligations with rates ranging from 3.750% - <br> 4.250%, maturity dates ranging from 05/15/28 - 08/15/35, <br> and various Common Stock with an aggregate market value of <br> $4,272,445<br>| 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| NatWest Markets Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $1,611,608; collateralized <br> by U.S. Treasury Obligations with rates ranging from 1.125% - <br> 4.875%, maturity dates ranging from 09/15/26 - 08/15/35, <br> and an aggregate market value of $1,643,840<br>| 1611444 | &nbsp;&nbsp;&nbsp; 1611444 |
|  |  | &nbsp;&nbsp;&nbsp; 19611444 |
| **Time Deposits—0.2%** | **Time Deposits—0.2%** | **Time Deposits—0.2%** |
| Credit Agricole CIB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.630%, 04/01/26 | 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |

---

**BHFTII-268**

------

**Brighthouse Funds Trust II**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**T. Rowe Price Small Cap Growth Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Securities Lending Reinvestments (e)—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Time Deposits—(Continued)** | **Time Deposits—(Continued)** | **Time Deposits—(Continued)** |
| Svenska NY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 1000000 | &nbsp;&nbsp;&nbsp; $1000000 |
|  |  | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $42,611,444) <br>|  | &nbsp;&nbsp;&nbsp; 42612260 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—103.9% <br>(Cost $932,208,432) <br>|  | &nbsp;&nbsp;&nbsp; 1098447391 |
| Other assets and liabilities (net)—(3.9)%  |  | &nbsp;&nbsp;&nbsp; (41001057)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1057446334 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Principal amount stated in U.S. dollars unless otherwise noted.

(a) Non-income producing security.

(b) All or a portion of the security was held on loan. As of March 31, 2026, the market value of 

---

| | |
|:---|:---|
|  | securities loaned was $78,859,578 and the collateral received consisted of cash in the amount of <br> $42,611,444 and non-cash collateral with a value of $34,340,474. The cash collateral <br> investments are disclosed in the Schedule of Investments and categorized as Securities Lending <br> Reinvestments. The non-cash collateral received consists of U.S. government securities that are <br> held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or <br> repledged by the Portfolio.<br>|
| (c) | Affiliated Issuer. (See the table that follows for a summary of transactions in affiliated issuers.) |
| (d) | The rate shown represents the annualized seven-day yield as of March 31, 2026. |
| (e) | Represents investment of cash collateral received from securities on loan as of March 31, 2026. |
| (f) | Variable or floating rate security. The stated rate represents the rate at March 31, 2026. Maturity <br> date shown for callable securities reflects the earliest possible call date. For securities based on a <br> published reference index and spread, the index and spread are indicated in the description <br> above. For certain variable rate securities, the coupon rate is determined by the issuer/agent <br> based on current market conditions. For certain asset- and mortgage-backed securities, the <br> coupon rate may fluctuate based on changes of the underlying collateral or prepayments of <br> principal. These securities do not indicate a reference index and spread in their description above.<br>|

---

**Transactions in Securities of Affiliated Issuers**

A summary of the Portfolio's transactions in the securities of affiliated issuers for the period ended March 31, 2026 is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security Description** | **Market Value** <br>**December 31, 2025**<br>| **Purchases** | **Sales** | **Ending Value** <br>**as of** <br>**March 31, 2026**<br>|
| T. Rowe Price Government Reserve Fund | &nbsp;&nbsp; $1575193 | &nbsp;&nbsp; $36084449 | &nbsp;&nbsp; $(22783179)<br>| &nbsp;&nbsp; $14876463 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Income earned** <br>**from affiliates** <br>**during the period**<br>| **Number of** <br>**shares held at** <br>**March 31, 2026**<br>|
| T. Rowe Price Government Reserve Fund | &nbsp;&nbsp; $3916 | &nbsp;&nbsp; 14876463 |

---

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Total Common Stocks\* | &nbsp;&nbsp; $1040958668 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1040958668 |
| Total Short-Term Investments\* | &nbsp;&nbsp; 14876463 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 14876463 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp; 18000000 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 18000000 |
| &nbsp;&nbsp;&nbsp; Certificates of Deposit | &nbsp;&nbsp; — | &nbsp;&nbsp; 3000816 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3000816 |
| &nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp; — | &nbsp;&nbsp; 19611444 | &nbsp;&nbsp; — | &nbsp;&nbsp; 19611444 |
| &nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp; — | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2000000 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp; 18000000 | &nbsp;&nbsp; 24612260 | &nbsp;&nbsp; — | &nbsp;&nbsp; 42612260 |
| Total Investments | &nbsp;&nbsp; $1073835131 | &nbsp;&nbsp; $24612260 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1098447391 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(42611444)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(42611444)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

**BHFTII-269**

------

**Brighthouse Funds Trust II**

**VanEck Global Natural Resources Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—97.9% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Chemicals — 6.3%** | **Chemicals — 6.3%** | **Chemicals — 6.3%** |
| Corteva, Inc.  | 107733 | &nbsp;&nbsp;&nbsp; $9018329 |
| Mosaic Co.  | 343900 | &nbsp;&nbsp;&nbsp; 8769450 |
| Neo Performance Materials, Inc.  | 393284 | &nbsp;&nbsp;&nbsp; 6214062 |
| Nutrien Ltd. (a) | 300823 | &nbsp;&nbsp;&nbsp; 22700104 |
|  |  | &nbsp;&nbsp;&nbsp; 46701945 |
| **Construction Materials — 0.6%** | **Construction Materials — 0.6%** | **Construction Materials — 0.6%** |
| Titan America SA (a) (b) | 319600 | &nbsp;&nbsp;&nbsp; 4787608 |
| **Containers & Packaging — 3.7%** | **Containers & Packaging — 3.7%** | **Containers & Packaging — 3.7%** |
| Graphic Packaging Holding Co. (a) | 189800 | &nbsp;&nbsp;&nbsp; 1886612 |
| International Paper Co. (a) | 245300 | &nbsp;&nbsp;&nbsp; 8757210 |
| Packaging Corp. of America | 39000 | &nbsp;&nbsp;&nbsp; 8276580 |
| Smurfit Westrock PLC (a) | 207900 | &nbsp;&nbsp;&nbsp; 8284815 |
|  |  | &nbsp;&nbsp;&nbsp; 27205217 |
| **Electrical Equipment — 0.9%** | **Electrical Equipment — 0.9%** | **Electrical Equipment — 0.9%** |
| Nexans SA | 51470 | &nbsp;&nbsp;&nbsp; 6964225 |
| **Energy Equipment & Services — 2.2%** | **Energy Equipment & Services — 2.2%** | **Energy Equipment & Services — 2.2%** |
| National Energy Services Reunited Corp. (b) | 148710 | &nbsp;&nbsp;&nbsp; 3192804 |
| Solaris Energy Infrastructure, Inc. (a) | 234033 | &nbsp;&nbsp;&nbsp; 13225205 |
|  |  | &nbsp;&nbsp;&nbsp; 16418009 |
| **Food Products — 7.0%** | **Food Products — 7.0%** | **Food Products — 7.0%** |
| Archer-Daniels-Midland Co.  | 186000 | &nbsp;&nbsp;&nbsp; 13520340 |
| Bunge Global SA (a) | 76500 | &nbsp;&nbsp;&nbsp; 9730800 |
| JBS NV - Class A (b) | 1203650 | &nbsp;&nbsp;&nbsp; 21617554 |
| Tyson Foods, Inc. - Class A | 113000 | &nbsp;&nbsp;&nbsp; 7239910 |
|  |  | &nbsp;&nbsp;&nbsp; 52108604 |
| **Independent Power and Renewable Electricity Producers — 1.6%** | **Independent Power and Renewable Electricity Producers — 1.6%** | **Independent Power and Renewable Electricity Producers — 1.6%** |
| Ormat Technologies, Inc. (a) | 75500 | &nbsp;&nbsp;&nbsp; 8449960 |
| Vistra Corp.  | 23100 | &nbsp;&nbsp;&nbsp; 3472623 |
|  |  | &nbsp;&nbsp;&nbsp; 11922583 |
| **Marine Transportation — 1.7%** | **Marine Transportation — 1.7%** | **Marine Transportation — 1.7%** |
| Kirby Corp. † (a) (b) | 93831 | &nbsp;&nbsp;&nbsp; 12468263 |
| **Metals & Mining — 36.9%** | **Metals & Mining — 36.9%** | **Metals & Mining — 36.9%** |
| Agnico Eagle Mines Ltd.  | 99133 | &nbsp;&nbsp;&nbsp; 20122016 |
| Alamos Gold, Inc. - Class A | 184100 | &nbsp;&nbsp;&nbsp; 8179563 |
| Alcoa Corp. (a) | 146100 | &nbsp;&nbsp;&nbsp; 9690813 |
| Anglo American PLC | 485582 | &nbsp;&nbsp;&nbsp; 20629822 |
| ArcelorMittal SA (NY Registry Shares) (a) | 154200 | &nbsp;&nbsp;&nbsp; 8015316 |
| Barrick Mining Corp.  | 411835 | &nbsp;&nbsp;&nbsp; 16798750 |
| Capstone Copper Corp. (a) (b) | 917300 | &nbsp;&nbsp;&nbsp; 6917171 |
| Commercial Metals Co.  | 117000 | &nbsp;&nbsp;&nbsp; 7187310 |
| First Quantum Minerals Ltd. (b) | 376400 | &nbsp;&nbsp;&nbsp; 8999399 |
| Franco-Nevada Corp.  | 58700 | &nbsp;&nbsp;&nbsp; 14501835 |
| Freeport-McMoRan, Inc.  | 146203 | &nbsp;&nbsp;&nbsp; 8593812 |
| Glencore PLC (b) | 3234000 | &nbsp;&nbsp;&nbsp; 24643092 |
| Gold Fields Ltd. (ADR) | 266800 | &nbsp;&nbsp;&nbsp; 12112720 |
| Hudbay Minerals, Inc.  | 369800 | &nbsp;&nbsp;&nbsp; 7728820 |
| Impala Platinum Holdings Ltd. (a) | 385100 | &nbsp;&nbsp;&nbsp; 5659649 |
| Ivanhoe Electric, Inc. (a) (b) | 474090 | &nbsp;&nbsp;&nbsp; 5603744 |
| Kinross Gold Corp. (a) | 588300 | &nbsp;&nbsp;&nbsp; 17954916 |
| Lynas Rare Earths Ltd. (b) | 672600 | &nbsp;&nbsp;&nbsp; 9140491 |
| MP Materials Corp. (a) (b) | 126100 | &nbsp;&nbsp;&nbsp; 6085586 |
| Newmont Corp.  | 167517 | &nbsp;&nbsp;&nbsp; 18133715 |
| NGEx Minerals Ltd. (b) | 186600 | &nbsp;&nbsp;&nbsp; 3393703 |
| Northam Platinum Holdings Ltd.  | 447900 | &nbsp;&nbsp;&nbsp; 9363773 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Metals & Mining—(Continued)** | **Metals & Mining—(Continued)** | **Metals & Mining—(Continued)** |
| Pan American Silver Corp.  | 249200 | &nbsp;&nbsp;&nbsp; $13613796 |
| Steel Dynamics, Inc.  | 55200 | &nbsp;&nbsp;&nbsp; 9936000 |
|  |  | &nbsp;&nbsp;&nbsp; 273005812 |
| **Oil, Gas & Consumable Fuels — 33.5%** | **Oil, Gas & Consumable Fuels — 33.5%** | **Oil, Gas & Consumable Fuels — 33.5%** |
| Cameco Corp.  | 56500 | &nbsp;&nbsp;&nbsp; 6136465 |
| Canadian Natural Resources Ltd.  | 206600 | &nbsp;&nbsp;&nbsp; 10078266 |
| Cenovus Energy, Inc.  | 151700 | &nbsp;&nbsp;&nbsp; 4024601 |
| Chevron Corp.  | 93300 | &nbsp;&nbsp;&nbsp; 19303770 |
| ConocoPhillips | 72422 | &nbsp;&nbsp;&nbsp; 9559704 |
| Diamondback Energy, Inc.  | 43778 | &nbsp;&nbsp;&nbsp; 8658851 |
| Energy Fuels, Inc. (a) (b) | 113000 | &nbsp;&nbsp;&nbsp; 2062250 |
| EQT Corp.  | 170700 | &nbsp;&nbsp;&nbsp; 10863348 |
| Expand Energy Corp.  | 82400 | &nbsp;&nbsp;&nbsp; 9045872 |
| Exxon Mobil Corp.  | 216358 | &nbsp;&nbsp;&nbsp; 36707298 |
| Marathon Petroleum Corp.  | 33700 | &nbsp;&nbsp;&nbsp; 8228866 |
| Ovintiv, Inc.  | 221000 | &nbsp;&nbsp;&nbsp; 13118560 |
| Permian Resources Corp. - Class A | 203170 | &nbsp;&nbsp;&nbsp; 4331584 |
| PetroChina Co. Ltd. - Class H | 7318000 | &nbsp;&nbsp;&nbsp; 9941464 |
| Phillips 66 Co.  | 91400 | &nbsp;&nbsp;&nbsp; 16651252 |
| Shell PLC (ADR) (a) | 192600 | &nbsp;&nbsp;&nbsp; 17911800 |
| Suncor Energy, Inc.  | 221000 | &nbsp;&nbsp;&nbsp; 14617360 |
| TotalEnergies SE | 260300 | &nbsp;&nbsp;&nbsp; 24034348 |
| Uranium Energy Corp. (a) (b) | 230600 | &nbsp;&nbsp;&nbsp; 3113100 |
| Valero Energy Corp.  | 45600 | &nbsp;&nbsp;&nbsp; 11266848 |
| Yellow Cake PLC (a) (b) | 1033400 | &nbsp;&nbsp;&nbsp; 8261007 |
|  |  | &nbsp;&nbsp;&nbsp; 247916614 |
| **Paper & Forest Products — 2.3%** | **Paper & Forest Products — 2.3%** | **Paper & Forest Products — 2.3%** |
| Suzano SA | 1112000 | &nbsp;&nbsp;&nbsp; 11141790 |
| West Fraser Timber Co. Ltd. (a) | 92100 | &nbsp;&nbsp;&nbsp; 6015531 |
|  |  | &nbsp;&nbsp;&nbsp; 17157321 |
| **Specialized REITs — 1.2%** | **Specialized REITs — 1.2%** | **Specialized REITs — 1.2%** |
| Weyerhaeuser Co.  | 348900 | &nbsp;&nbsp;&nbsp; 8523627 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $524,646,534) <br>|  | &nbsp;&nbsp;&nbsp; 725179828 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—2.2%** | **Short-Term Investments—2.2%** | **Short-Term Investments—2.2%** |
| **Short-Term Investment Funds—2.2%** |  |  |
| Invesco Treasury Portfolio, Institutional Class |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.560% (c) | 16408745 | &nbsp;&nbsp;&nbsp; 16408745 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $16,408,745) <br>|  | &nbsp;&nbsp;&nbsp; 16408745 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (d)—7.2%** | **Securities Lending Reinvestments (d)—7.2%** | **Securities Lending Reinvestments (d)—7.2%** |
| **Short-Term Investment Funds—0.8%** | **Short-Term Investment Funds—0.8%** | **Short-Term Investment Funds—0.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (c)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Government Portfolio, <br>Class I 3.530% (c)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br>Institutional Shares 3.530% (c)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco STIT-Government & Agency Portfolio, <br>Institutional Class 3.580% (c)<br>| 750000 | &nbsp;&nbsp;&nbsp; 750000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares 3.580% (c)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |

---

**BHFTII-270**

------

**Brighthouse Funds Trust II**

**VanEck Global Natural Resources Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Securities Lending Reinvestments (d)—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Short-Term Investment Funds—(Continued)** | **Short-Term Investment Funds—(Continued)** | **Short-Term Investment Funds—(Continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, <br>Premier Class 3.600% (c)<br>| 1000000 | &nbsp;&nbsp;&nbsp; $1000000 |
|  |  | &nbsp;&nbsp;&nbsp; 5750000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Certificates of Deposit—0.5%** | **Certificates of Deposit—0.5%** | **Certificates of Deposit—0.5%** |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, SOFR + 0.370%, 08/07/26 (e) | 2000000 | &nbsp;&nbsp;&nbsp; 2000776 |
| Sumitomo Mitsui Trust Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/15/26 | 1000000 | &nbsp;&nbsp;&nbsp; 991900 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/23/26 | 1000000 | &nbsp;&nbsp;&nbsp; 990990 |
|  |  | &nbsp;&nbsp;&nbsp; 3983666 |
| **Repurchase Agreements—5.6%** | **Repurchase Agreements—5.6%** | **Repurchase Agreements—5.6%** |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.770%, due on <br> 04/01/26 with a maturity value of $4,000,419; collateralized <br> by various Common Stock with an aggregate market value of <br> $4,458,399<br>| 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $10,001,014; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.000% - <br> 5.000%, maturity dates ranging from 06/30/26 - 02/15/54, <br> and an aggregate market value of $10,200,000<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.770%, due on <br> 04/01/26 with a maturity value of $5,000,524; collateralized <br> by various Common Stock with an aggregate market value of <br> $5,561,405<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| Citigroup Global Markets, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.690%, due on <br> 04/01/26 with a maturity value of $2,000,205; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.125% - <br> 6.125%, maturity dates ranging from 06/15/27 - 02/15/32, <br> and various Common Stock with an aggregate market value of <br> $2,040,026<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 4.130%, due on <br> 10/02/26 with a maturity value of $5,106,118; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.125% - <br> 6.125%, maturity dates ranging from 06/15/27 - 02/15/32, <br> and various Common Stock with an aggregate market value of <br> $5,100,066<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| National Bank Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $1,500,158; collateralized <br> by U.S. Treasury Bond at 3.875%, maturing 02/15/43, and <br> various Common Stock with an aggregate market value of <br> $1,666,474<br>| 1500000 | &nbsp;&nbsp;&nbsp; 1500000 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $2,000,210; collateralized <br> by U.S. Treasury Obligations with rates ranging from 4.000% - <br> 4.625%, maturity dates ranging from 06/30/26 - 08/15/35, <br> and an aggregate market value of $2,047,278<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $2,000,210; collateralized <br> by various Common Stock with an aggregate market value of <br> $2,229,257<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.800%, due on <br> 04/07/26 with a maturity value of $7,005,172; collateralized <br> by U.S. Treasury Obligations with rates ranging from 3.750% - <br> 4.250%, maturity dates ranging from 05/15/28 - 08/15/35, <br> and various Common Stock with an aggregate market value of <br> $7,476,779<br>| 7000000 | &nbsp;&nbsp;&nbsp; $7000000 |
| NatWest Markets Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due on <br> 04/01/26 with a maturity value of $2,932,652; collateralized <br> by U.S. Treasury Obligations with rates ranging from 1.125% - <br> 4.875%, maturity dates ranging from 09/15/26 - 08/15/35, <br> and an aggregate market value of $2,991,305<br>| 2932355 | &nbsp;&nbsp;&nbsp; 2932355 |
|  |  | &nbsp;&nbsp;&nbsp; 41432355 |
| **Time Deposits—0.3%** | **Time Deposits—0.3%** | **Time Deposits—0.3%** |
| Credit Agricole CIB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.630%, 04/01/26 | 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| Svenska NY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
|  |  | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $53,165,121) <br>|  | &nbsp;&nbsp;&nbsp; 53166021 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—107.3% <br>(Cost $594,220,400) <br>|  | &nbsp;&nbsp;&nbsp; 794754594 |
| Other assets and liabilities (net)—(7.3)%  |  | &nbsp;&nbsp;&nbsp; (53902754)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $740851840 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| \* | 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 <br> restrictions on resale. These securities generally may be resold in transactions exempt from <br> registration or to the public if the securities are subsequently registered. Disposal of these <br> securities may involve time-consuming negotiations and prompt sale at an acceptable price may <br> be difficult. As of March 31, 2026, the market value of restricted securities was $12,468,263, <br> which is 1.7% of net assets. See details shown in the Restricted Securities table that follows.<br>|
| (a) | All or a portion of the security was held on loan. As of March 31, 2026, the market value of <br> securities loaned was $81,890,469 and the collateral received consisted of cash in the amount of <br> $53,162,078 and non-cash collateral with a value of $27,658,890. The cash collateral <br> investments are disclosed in the Schedule of Investments and categorized as Securities Lending <br> Reinvestments. The non-cash collateral received consists of U.S. government securities that are <br> held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or <br> repledged by the Portfolio.<br>|
| (b) | Non-income producing security. |
| (c) | The rate shown represents the annualized seven-day yield as of March 31, 2026. |
| (d) | Represents investment of cash collateral received from securities on loan as of March 31, 2026. |
| (e) | Variable or floating rate security. The stated rate represents the rate at March 31, 2026. Maturity <br> date shown for callable securities reflects the earliest possible call date. For securities based on a <br> published reference index and spread, the index and spread are indicated in the description <br> above. For certain variable rate securities, the coupon rate is determined by the issuer/agent <br> based on current market conditions. For certain asset- and mortgage-backed securities, the <br> coupon rate may fluctuate based on changes of the underlying collateral or prepayments of <br> principal. These securities do not indicate a reference index and spread in their description above.<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**BHFTII-271**

------

**Brighthouse Funds Trust II**

**VanEck Global Natural Resources Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

---

| | |
|:---|:---|
| **Country Diversification as of** <br>**March 31, 2026 (Unaudited)**<br>| **% of** <br>**Net Assets**<br>|
| United States | 51.6 |
| Canada | 24.2 |
| South Africa | 6.5 |
| Australia | 4.6 |
| France | 4.2 |
| Brazil | 1.5 |
| China | 1.3 |
| Zambia | 1.2 |
| United Kingdom | 1.1 |
| Luxembourg | 1.1 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Restricted Securities** | **Acquisition** <br>**Date**<br>| **Shares** | **Cost** | **Value** |
| Kirby Corp. | 02/28/22-07/31/25 | &nbsp;&nbsp; 93831 | &nbsp;&nbsp; $7667295 | &nbsp;&nbsp; $12468263 |

---

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp;&nbsp; $46701945 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $46701945 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction Materials | &nbsp;&nbsp;&nbsp; 4787608 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4787608 |
| &nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | &nbsp;&nbsp;&nbsp; 27205217 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 27205217 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6964225 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6964225 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy Equipment & Services | &nbsp;&nbsp;&nbsp; 16418009 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16418009 |
| &nbsp;&nbsp;&nbsp;&nbsp; Food Products | &nbsp;&nbsp;&nbsp; 52108604 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 52108604 |
| &nbsp;&nbsp;&nbsp;&nbsp; Independent Power and Renewable Electricity Producers | &nbsp;&nbsp;&nbsp; 11922583 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11922583 |
| &nbsp;&nbsp;&nbsp;&nbsp; Marine Transportation | &nbsp;&nbsp;&nbsp; 12468263 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12468263 |
| &nbsp;&nbsp;&nbsp;&nbsp; Metals & Mining | &nbsp;&nbsp;&nbsp; 203568985 | &nbsp;&nbsp;&nbsp; 69436827 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 273005812 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas & Consumable Fuels | &nbsp;&nbsp;&nbsp; 205679795 | &nbsp;&nbsp;&nbsp; 42236819 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 247916614 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paper & Forest Products | &nbsp;&nbsp;&nbsp; 17157321 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 17157321 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialized REITs | &nbsp;&nbsp;&nbsp; 8523627 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8523627 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 606541957 | &nbsp;&nbsp;&nbsp; 118637871 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 725179828 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; 16408745 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16408745 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 5750000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5750000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificates of Deposit | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3983666 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3983666 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 41432355 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 41432355 |
| &nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2000000 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 5750000 | &nbsp;&nbsp;&nbsp; 47416021 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 53166021 |
| Total Investments | &nbsp;&nbsp;&nbsp; $628700702 | &nbsp;&nbsp;&nbsp; $166053892 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $794754594 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(53162078)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(53162078)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

**BHFTII-272**

------

**Brighthouse Funds Trust II**

**Western Asset Management Strategic Bond Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—49.4% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Advertising — 0.7%** | **Advertising — 0.7%** | **Advertising — 0.7%** |
| Clear Channel Outdoor Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 02/15/31 (144A) (a) | 2030000 | &nbsp;&nbsp;&nbsp; $2126821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 06/01/29 (144A) (a) | 5896000 | &nbsp;&nbsp;&nbsp; 5920881 |
| Neptune Bidco U.S., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 02/15/33 (144A) (a) | 2670000 | &nbsp;&nbsp;&nbsp; 2590538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.375%, 05/15/31 (144A) (a) | 1870000 | &nbsp;&nbsp;&nbsp; 1886845 |
|  |  | &nbsp;&nbsp;&nbsp; 12525085 |
| **Aerospace/Defense — 0.4%** | **Aerospace/Defense — 0.4%** | **Aerospace/Defense — 0.4%** |
| AAR Escrow Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/15/29 (144A) (a) | 1120000 | &nbsp;&nbsp;&nbsp; 1139938 |
| Bombardier, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 06/15/33 (144A) (a) | 1050000 | &nbsp;&nbsp;&nbsp; 1084343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 06/01/32 (144A) (a) | 1490000 | &nbsp;&nbsp;&nbsp; 1546385 |
| TransDigm, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 01/15/29 (a) | 370000 | &nbsp;&nbsp;&nbsp; 363534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 07/31/34 (144A) (a) | 2240000 | &nbsp;&nbsp;&nbsp; 2203135 |
|  |  | &nbsp;&nbsp;&nbsp; 6337335 |
| **Agriculture — 0.1%** | **Agriculture — 0.1%** | **Agriculture — 0.1%** |
| Altria Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 02/14/49 (a) | 1630000 | &nbsp;&nbsp;&nbsp; 1580359 |
| **Airlines — 0.5%** | **Airlines — 0.5%** | **Airlines — 0.5%** |
| American Airlines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 02/15/28 (144A) (a) | 1590000 | &nbsp;&nbsp;&nbsp; 1599052 |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 04/20/29 (144A) (a) | 2970000 | &nbsp;&nbsp;&nbsp; 2953755 |
| Latam Airlines Group SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 04/15/30 (144A) (a) | 2330000 | &nbsp;&nbsp;&nbsp; 2353300 |
| United Airlines Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 03/01/31 (a) | 1770000 | &nbsp;&nbsp;&nbsp; 1733391 |
|  |  | &nbsp;&nbsp;&nbsp; 8639498 |
| **Auto Manufacturers — 0.8%** | **Auto Manufacturers — 0.8%** | **Auto Manufacturers — 0.8%** |
| JB Poindexter & Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 12/15/31 (144A) (a) | 2870000 | &nbsp;&nbsp;&nbsp; 2908946 |
| Nissan Motor Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.810%, 09/17/30 (144A) (a) | 2070000 | &nbsp;&nbsp;&nbsp; 1879276 |
| PM General Purchaser LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 10/01/28 (144A) (a) | 10020000 | &nbsp;&nbsp;&nbsp; 9493950 |
|  |  | &nbsp;&nbsp;&nbsp; 14282172 |
| **Auto Parts & Equipment — 1.2%** | **Auto Parts & Equipment — 1.2%** | **Auto Parts & Equipment — 1.2%** |
| American Axle & Manufacturing, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 10/15/33 (144A) (a) | 5440000 | &nbsp;&nbsp;&nbsp; 5295829 |
| Cyprium Corp./Cyprium Holdings Luxembourg SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 04/15/34 (144A) (a) | 1790000 | &nbsp;&nbsp;&nbsp; 1737449 |
| Qnity Electronics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 08/15/32 (144A) | 2280000 | &nbsp;&nbsp;&nbsp; 2282716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 08/15/33 (144A) (a) | 1920000 | &nbsp;&nbsp;&nbsp; 1941383 |
| ZF North America Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 04/23/30 (144A) (a) | 4440000 | &nbsp;&nbsp;&nbsp; 4295177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 04/14/30 (144A) | 3850000 | &nbsp;&nbsp;&nbsp; 3795954 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Auto Parts & Equipment—(Continued)** | **Auto Parts & Equipment—(Continued)** | **Auto Parts & Equipment—(Continued)** |
| ZF North America Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 03/24/31 (144A) (a) | 2220000 | &nbsp;&nbsp;&nbsp; $2180740 |
|  |  | &nbsp;&nbsp;&nbsp; 21529248 |
| **Banks — 3.2%** | **Banks — 3.2%** | **Banks — 3.2%** |
| Banco Mercantil del Norte SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 10Y H15 + 5.353%, 01/10/28 (144A) (b) | 2150000 | &nbsp;&nbsp;&nbsp; 2154315 |
| &nbsp;&nbsp;&nbsp;&nbsp; BBVA Mexico SA Institucion De Banca Multiple Grupo <br> Financiero BBVA Mexico<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 5Y H15 + 2.650%, 01/18/33 (144A) (b) | 5480000 | &nbsp;&nbsp;&nbsp; 5325464 |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 5Y H15 + 3.727%, 08/22/31 (144A) (a) (b) | 1920000 | &nbsp;&nbsp;&nbsp; 2000337 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 5Y H15 + 3.001%, 02/15/31 (a) (b) | 4615000 | &nbsp;&nbsp;&nbsp; 4618462 |
| Intesa Sanpaolo SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.800%, 11/28/53 (144A) | 8720000 | &nbsp;&nbsp;&nbsp; 10186522 |
| Lloyds Banking Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 5Y H15 + 3.913%, 09/27/29 (b) | 2600000 | &nbsp;&nbsp;&nbsp; 2728856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 5Y UKG + 5.143%, 03/27/28 (GBP) (b) | 4580000 | &nbsp;&nbsp;&nbsp; 6290570 |
| NatWest Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 5Y UKG + 3.992%, 03/31/28 (GBP) (b) | 6600000 | &nbsp;&nbsp;&nbsp; 8310943 |
| UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 5Y USD SOFR ICE Swap + 3.077%, 02/10/30 <br> (144A) (a) (b)<br>| 2890000 | &nbsp;&nbsp;&nbsp; 2862179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 5Y USD SOFR ICE Swap + 3.179%, 08/10/34 <br> (144A) (b)<br>| 3000000 | &nbsp;&nbsp;&nbsp; 2942610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 5Y USD SOFR ICE Swap + 4.160%, 04/12/31 <br> (144A) (a) (b)<br>| 2500000 | &nbsp;&nbsp;&nbsp; 2576052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 5Y H15 + 4.745%, 11/13/28 (144A) (b) | 4090000 | &nbsp;&nbsp;&nbsp; 4359225 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 5Y H15 + 2.340%, 06/15/31 (b) | 1940000 | &nbsp;&nbsp;&nbsp; 1947302 |
|  |  | &nbsp;&nbsp;&nbsp; 56302837 |
| **Building Materials — 0.4%** | **Building Materials — 0.4%** | **Building Materials — 0.4%** |
| Builders FirstSource, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/01/32 (144A) (a) | 2184000 | &nbsp;&nbsp;&nbsp; 2010891 |
| Quikrete Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/01/32 (144A) | 4370000 | &nbsp;&nbsp;&nbsp; 4431193 |
|  |  | &nbsp;&nbsp;&nbsp; 6442084 |
| **Chemicals — 0.7%** | **Chemicals — 0.7%** | **Chemicals — 0.7%** |
| &nbsp;&nbsp;&nbsp;&nbsp; ARC Falcon I, Inc./Arclin USA LLC/New Arclin U.S. Holding <br> Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 03/01/33 (144A) | 3740000 | &nbsp;&nbsp;&nbsp; 3600610 |
| Celanese U.S. Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 02/15/31 (a) | 600000 | &nbsp;&nbsp;&nbsp; 616077 |
| Cerdia Finanz GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.375%, 10/03/31 (144A) (a) | 3685000 | &nbsp;&nbsp;&nbsp; 3650103 |
| OCP SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/02/34 (144A) (a) | 5100000 | &nbsp;&nbsp;&nbsp; 5305617 |
|  |  | &nbsp;&nbsp;&nbsp; 13172407 |
| **Commercial Services — 2.0%** | **Commercial Services — 2.0%** | **Commercial Services — 2.0%** |
| Block, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/15/33 (144A) | 3850000 | &nbsp;&nbsp;&nbsp; 3786412 |

---

**BHFTII-273**

------

**Brighthouse Funds Trust II**

**Western Asset Management Strategic Bond Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Services—(Continued)** | **Commercial Services—(Continued)** | **Commercial Services—(Continued)** |
| Carriage Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 05/15/29 (144A) (a) | 4800000 | &nbsp;&nbsp;&nbsp; $4559921 |
| CoreCivic, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 10/15/27 | 7596000 | &nbsp;&nbsp;&nbsp; 7527167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 04/15/29 (a) | 1150000 | &nbsp;&nbsp;&nbsp; 1200523 |
| EquipmentShare.com, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 05/15/32 (144A) (a) | 3330000 | &nbsp;&nbsp;&nbsp; 3475717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 05/15/28 (144A) (a) | 2500000 | &nbsp;&nbsp;&nbsp; 2582327 |
| GEO Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.250%, 04/15/31 | 3500000 | &nbsp;&nbsp;&nbsp; 3733743 |
| Herc Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 06/15/33 (144A) | 2710000 | &nbsp;&nbsp;&nbsp; 2777051 |
| Metropolitan Museum of Art |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 07/01/45 | 2025000 | &nbsp;&nbsp;&nbsp; 1524071 |
| RR Donnelley & Sons Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 08/01/29 (144A) (a) | 4030000 | &nbsp;&nbsp;&nbsp; 4079182 |
| Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/15/33 (144A) (EUR) | 810000 | &nbsp;&nbsp;&nbsp; 882645 |
| Vortex Opco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 04/30/30 (144A) † (c) | 2829697 | &nbsp;&nbsp;&nbsp; 42191 |
|  |  | &nbsp;&nbsp;&nbsp; 36170950 |
| **Computers — 0.0%** | **Computers — 0.0%** | **Computers — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Vericast Corp./Harland Clarke/Checks in the Mail/Valassis <br> Comm/Valassis Direct<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 13.000%, 10.000% PIK, 12/15/30 (144A) (d) | 263781 | &nbsp;&nbsp;&nbsp; 324451 |
| **Diversified Financial Services — 3.8%** | **Diversified Financial Services — 3.8%** | **Diversified Financial Services — 3.8%** |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.950%, 5Y H15 + 2.720%, 03/10/55 (a) (b) | 1360000 | &nbsp;&nbsp;&nbsp; 1391929 |
| American News Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 10.000% PIK, 09/01/27 (144A) † (d) | 4 | &nbsp;&nbsp;&nbsp; 4 |
| B3 SA - Brasil Bolsa Balcao |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 09/20/31 (144A) | 3800000 | &nbsp;&nbsp;&nbsp; 3500750 |
| Eagle Funding Luxco SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/17/30 (144A) | 2770000 | &nbsp;&nbsp;&nbsp; 2784542 |
| Jane Street Group/JSG Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 11/01/32 (144A) (a) | 1890000 | &nbsp;&nbsp;&nbsp; 1869000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/01/33 (144A) (a) | 1580000 | &nbsp;&nbsp;&nbsp; 1603017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 04/30/31 (144A) (a) | 2369000 | &nbsp;&nbsp;&nbsp; 2435228 |
| LD Holdings Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 04/01/28 (144A) (a) | 3060000 | &nbsp;&nbsp;&nbsp; 2566504 |
| Mcclatchy Media Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.000%, 12.500% PIK, 12/01/31 (144A) † (d) | 32884920 | &nbsp;&nbsp;&nbsp; 37077747 |
| Midcap Financial Issuer Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 05/01/28 (144A) | 1705000 | &nbsp;&nbsp;&nbsp; 1654505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.422%, 3M TSFR + 3.750%, 01/15/56 (144A) (b) | 4500000 | &nbsp;&nbsp;&nbsp; 4203468 |
| Rocket Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 08/01/30 (144A) | 360000 | &nbsp;&nbsp;&nbsp; 363322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 08/01/29 (144A) (a) | 1220000 | &nbsp;&nbsp;&nbsp; 1233732 |
| Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 03/01/29 (144A) (a) | 4370000 | &nbsp;&nbsp;&nbsp; 4138356 |
| Stonex Escrow Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 07/15/32 (144A) (a) | 1600000 | &nbsp;&nbsp;&nbsp; 1617003 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Diversified Financial Services—(Continued)** | **Diversified Financial Services—(Continued)** | **Diversified Financial Services—(Continued)** |
| VFH Parent LLC/Valor Co-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 06/15/31 (144A) | 850000 | &nbsp;&nbsp;&nbsp; $873382 |
|  |  | &nbsp;&nbsp;&nbsp; 67312489 |
| **Electric — 2.3%** | **Electric — 2.3%** | **Electric — 2.3%** |
| AES Andes SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/14/32 (144A) | 1000000 | &nbsp;&nbsp;&nbsp; 1025691 |
| Alpha Generation LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 10/15/32 (144A) (a) | 4297000 | &nbsp;&nbsp;&nbsp; 4359877 |
| FirstEnergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.650%, 03/01/30 (a) | 220000 | &nbsp;&nbsp;&nbsp; 203675 |
| Lightning Power LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 08/15/32 (144A) (a) | 7985000 | &nbsp;&nbsp;&nbsp; 8300230 |
| NRG Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 01/15/34 (144A) (a) | 1020000 | &nbsp;&nbsp;&nbsp; 1006153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/15/36 (144A) (a) | 8420000 | &nbsp;&nbsp;&nbsp; 8343438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 11/01/34 (144A) (a) | 2010000 | &nbsp;&nbsp;&nbsp; 2026024 |
| Pampa Energia SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 12/16/34 (144A) | 950000 | &nbsp;&nbsp;&nbsp; 981017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.950%, 09/10/31 (144A) | 2410000 | &nbsp;&nbsp;&nbsp; 2510979 |
| Panoche Energy Center LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.885%, 07/31/29 (144A) | 255233 | &nbsp;&nbsp;&nbsp; 220776 |
| Southern California Edison Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 03/15/43 | 827000 | &nbsp;&nbsp;&nbsp; 624443 |
| Talen Energy Supply LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/01/36 (144A) (a) | 3070000 | &nbsp;&nbsp;&nbsp; 3091277 |
| TransAlta Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/15/40 (a) | 3619000 | &nbsp;&nbsp;&nbsp; 3564726 |
| Vistra Operations Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 05/01/29 (144A) (a) | 1390000 | &nbsp;&nbsp;&nbsp; 1357159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/15/32 (144A) (a) | 2940000 | &nbsp;&nbsp;&nbsp; 3042745 |
|  |  | &nbsp;&nbsp;&nbsp; 40658210 |
| **Electrical Components & Equipment — 0.2%** | **Electrical Components & Equipment — 0.2%** | **Electrical Components & Equipment — 0.2%** |
| WESCO Distribution, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/15/34 (144A) (a) | 3060000 | &nbsp;&nbsp;&nbsp; 3013638 |
| **Energy-Alternate Sources — 0.0%** | **Energy-Alternate Sources — 0.0%** | **Energy-Alternate Sources — 0.0%** |
| Alta Wind Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 06/30/35 (144A) | 740139 | &nbsp;&nbsp;&nbsp; 702112 |
| **Engineering & Construction — 0.7%** | **Engineering & Construction — 0.7%** | **Engineering & Construction — 0.7%** |
| Railworks Holdings LP/Railworks Rally, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 11/15/28 (144A) | 2160000 | &nbsp;&nbsp;&nbsp; 2155854 |
| TopBuild Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 02/15/32 (144A) (a) | 90000 | &nbsp;&nbsp;&nbsp; 82942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 01/31/34 (144A) (a) | 4460000 | &nbsp;&nbsp;&nbsp; 4365322 |
| Tutor Perini Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.875%, 04/30/29 (144A) | 5252000 | &nbsp;&nbsp;&nbsp; 5753325 |
|  |  | &nbsp;&nbsp;&nbsp; 12357443 |
| **Entertainment — 1.3%** | **Entertainment — 1.3%** | **Entertainment — 1.3%** |
| Allen Media LLC/Allen Media Co-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 02/15/28 (144A) | 3590000 | &nbsp;&nbsp;&nbsp; 1453986 |
| Brightstar Lottery PLC/Brightstar Global Solutions Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 01/15/33 (144A) (a) | 2080000 | &nbsp;&nbsp;&nbsp; 2021920 |

---

**BHFTII-274**

------

**Brighthouse Funds Trust II**

**Western Asset Management Strategic Bond Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Entertainment—(Continued)** | **Entertainment—(Continued)** | **Entertainment—(Continued)** |
| Discovery Global Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.279%, 03/15/32 (a) | 2365000 | &nbsp;&nbsp;&nbsp; $2093025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 03/15/42 | 4960000 | &nbsp;&nbsp;&nbsp; 3267676 |
| Flutter Treasury DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 06/04/31 (144A) (a) | 4650000 | &nbsp;&nbsp;&nbsp; 4606708 |
| Light & Wonder International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/01/33 (144A) (a) | 2420000 | &nbsp;&nbsp;&nbsp; 2370850 |
| Rivers Enterprise Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/15/30 (144A) (a) | 2750000 | &nbsp;&nbsp;&nbsp; 2743060 |
| &nbsp;&nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp./Canada's Wonderland <br> Co./Millennium Operations LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 01/15/32 (144A) (a) | 1350000 | &nbsp;&nbsp;&nbsp; 1352178 |
| Wynn Resorts Finance LLC/Wynn Resorts Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 02/15/31 (144A) (a) | 2970000 | &nbsp;&nbsp;&nbsp; 3113288 |
|  |  | &nbsp;&nbsp;&nbsp; 23022691 |
| **Environmental Control — 0.3%** | **Environmental Control — 0.3%** | **Environmental Control — 0.3%** |
| GFL Environmental Holdings U.S., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/34 (144A) (a) | 1470000 | &nbsp;&nbsp;&nbsp; 1441770 |
| Wrangler Holdco Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 04/01/32 (144A) (a) | 2840000 | &nbsp;&nbsp;&nbsp; 2924295 |
|  |  | &nbsp;&nbsp;&nbsp; 4366065 |
| **Food — 0.2%** | **Food — 0.2%** | **Food — 0.2%** |
| Co-Operative Group Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 07/08/26 (GBP) (e) | 2410000 | &nbsp;&nbsp;&nbsp; 3204232 |
| **Food Service — 0.1%** | **Food Service — 0.1%** | **Food Service — 0.1%** |
| TKC Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 08/15/30 (144A) (a) | 2090000 | &nbsp;&nbsp;&nbsp; 2107420 |
| **Forest Products & Paper — 0.1%** | **Forest Products & Paper — 0.1%** | **Forest Products & Paper — 0.1%** |
| Suzano Austria GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 01/15/32 (a) | 2190000 | &nbsp;&nbsp;&nbsp; 1925933 |
| **Gas — 0.7%** | **Gas — 0.7%** | **Gas — 0.7%** |
| Venture Global Plaquemines LNG LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 12/15/30 (144A) (a) | 380000 | &nbsp;&nbsp;&nbsp; 390802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/15/34 (144A) (a) | 160000 | &nbsp;&nbsp;&nbsp; 166552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 01/15/36 (144A) (a) | 11195000 | &nbsp;&nbsp;&nbsp; 11857207 |
|  |  | &nbsp;&nbsp;&nbsp; 12414561 |
| **Healthcare-Services — 1.8%** | **Healthcare-Services — 1.8%** | **Healthcare-Services — 1.8%** |
| Akumin, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 08/31/31 (144A) | 4802000 | &nbsp;&nbsp;&nbsp; 4393830 |
| CHS/Community Health Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 05/15/30 (144A) (a) | 3910000 | &nbsp;&nbsp;&nbsp; 3685106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 04/01/30 (144A) (a) | 2110000 | &nbsp;&nbsp;&nbsp; 1834570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/15/29 (144A) (a) | 5290000 | &nbsp;&nbsp;&nbsp; 5087064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 01/15/34 (144A) (a) | 3120000 | &nbsp;&nbsp;&nbsp; 3238149 |
| LifePoint Health, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.875%, 08/15/30 (144A) (a) | 4800000 | &nbsp;&nbsp;&nbsp; 5076058 |
| Sotera Health Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 06/01/31 (144A) (a) | 4170000 | &nbsp;&nbsp;&nbsp; 4307497 |
| TEAM Services Holding, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 02/15/33 (144A) (a) | 2850000 | &nbsp;&nbsp;&nbsp; 2794553 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Healthcare-Services—(Continued)** | **Healthcare-Services—(Continued)** | **Healthcare-Services—(Continued)** |
| U.S. Renal Care, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.625%, 06/28/28 (144A) | 1375850 | &nbsp;&nbsp;&nbsp; $1141955 |
|  |  | &nbsp;&nbsp;&nbsp; 31558782 |
| **Holding Companies-Diversified — 0.1%** | **Holding Companies-Diversified — 0.1%** | **Holding Companies-Diversified — 0.1%** |
| Stena International SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 01/15/31 (144A) | 1866000 | &nbsp;&nbsp;&nbsp; 1885647 |
| **Home Builders — 0.3%** | **Home Builders — 0.3%** | **Home Builders — 0.3%** |
| Dream Finders Homes, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 09/15/30 (144A) (a) | 2870000 | &nbsp;&nbsp;&nbsp; 2745973 |
| Empire Communities Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 05/01/29 (144A) | 1950000 | &nbsp;&nbsp;&nbsp; 1957983 |
|  |  | &nbsp;&nbsp;&nbsp; 4703956 |
| **Insurance — 0.6%** | **Insurance — 0.6%** | **Insurance — 0.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp; APH Somerset Investor 2 LLC/APH2 Somerset Investor <br> 2 LLC/APH3 Somerset Investor 2 LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 11/01/29 (144A) (a) | 740000 | &nbsp;&nbsp;&nbsp; 669160 |
| Asurion LLC/Asurion Co-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 12/31/32 (144A) (a) | 4400000 | &nbsp;&nbsp;&nbsp; 4564771 |
| Massachusetts Mutual Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 04/01/77 (144A) | 5795000 | &nbsp;&nbsp;&nbsp; 4579512 |
|  |  | &nbsp;&nbsp;&nbsp; 9813443 |
| **Internet — 1.4%** | **Internet — 1.4%** | **Internet — 1.4%** |
| Alphabet, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 02/15/56 (a) | 2880000 | &nbsp;&nbsp;&nbsp; 2870736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 02/15/66 | 2650000 | &nbsp;&nbsp;&nbsp; 2624406 |
| Amazon.com, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/13/31 | 660000 | &nbsp;&nbsp;&nbsp; 655136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 03/13/33 | 670000 | &nbsp;&nbsp;&nbsp; 663551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 03/13/36 | 740000 | &nbsp;&nbsp;&nbsp; 733256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 03/13/46 | 940000 | &nbsp;&nbsp;&nbsp; 936748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 03/13/56 | 770000 | &nbsp;&nbsp;&nbsp; 769381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 03/13/66 | 750000 | &nbsp;&nbsp;&nbsp; 752458 |
| Cogent Communications Group LLC/Cogent Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 06/15/27 (144A) (a) | 4160000 | &nbsp;&nbsp;&nbsp; 4114875 |
| Gen Digital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 04/01/33 (144A) (a) | 2880000 | &nbsp;&nbsp;&nbsp; 2799693 |
| Getty Images, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 11/15/30 (144A) (a) | 1490000 | &nbsp;&nbsp;&nbsp; 1336261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.250%, 02/21/30 (144A) | 1140000 | &nbsp;&nbsp;&nbsp; 1026673 |
| MercadoLibre, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 01/15/33 (a) | 2600000 | &nbsp;&nbsp;&nbsp; 2522520 |
| Meta Platforms, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/15/45 | 3630000 | &nbsp;&nbsp;&nbsp; 3435125 |
|  |  | &nbsp;&nbsp;&nbsp; 25240819 |
| **IT Services — 0.2%** | **IT Services — 0.2%** | **IT Services — 0.2%** |
| Vertiv Group Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 11/15/28 (144A) (a) | 2820000 | &nbsp;&nbsp;&nbsp; 2777071 |
| **Leisure Time — 1.8%** | **Leisure Time — 1.8%** | **Leisure Time — 1.8%** |
| Carnival Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 05/01/29 (144A) (a) | 2340000 | &nbsp;&nbsp;&nbsp; 2323109 |

---

**BHFTII-275**

------

**Brighthouse Funds Trust II**

**Western Asset Management Strategic Bond Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Leisure Time—(Continued)** | **Leisure Time—(Continued)** | **Leisure Time—(Continued)** |
| Carnival Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 02/15/33 (144A) (a) | 3980000 | &nbsp;&nbsp;&nbsp; $4019900 |
| Kingpin Intermediate Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 10/15/32 (144A) (a) | 1270000 | &nbsp;&nbsp;&nbsp; 1122140 |
| NCL Corp. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 01/15/31 (144A) (a) | 760000 | &nbsp;&nbsp;&nbsp; 738390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 09/15/33 (144A) (a) | 520000 | &nbsp;&nbsp;&nbsp; 504576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 02/01/32 (144A) (a) | 4110000 | &nbsp;&nbsp;&nbsp; 4078816 |
| Royal Caribbean Cruises Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 09/30/31 (144A) (a) | 1020000 | &nbsp;&nbsp;&nbsp; 1030055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/33 (144A) | 2980000 | &nbsp;&nbsp;&nbsp; 3009773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/15/32 (144A) | 4990000 | &nbsp;&nbsp;&nbsp; 5101695 |
| Viking Cruises Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 10/15/33 (144A) (a) | 3430000 | &nbsp;&nbsp;&nbsp; 3386480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.125%, 07/15/31 (144A) (a) | 5340000 | &nbsp;&nbsp;&nbsp; 5633406 |
|  |  | &nbsp;&nbsp;&nbsp; 30948340 |
| **Lodging — 0.8%** | **Lodging — 0.8%** | **Lodging — 0.8%** |
| Full House Resorts, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 02/15/28 (144A) (a) | 8185000 | &nbsp;&nbsp;&nbsp; 7448350 |
| Melco Resorts Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 09/24/33 (144A) (a) | 2310000 | &nbsp;&nbsp;&nbsp; 2217093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 04/17/32 (144A) (a) | 2030000 | &nbsp;&nbsp;&nbsp; 2059893 |
| Sands China Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.300%, 03/08/27 | 200000 | &nbsp;&nbsp;&nbsp; 195205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.850%, 03/08/29 (a) | 1240000 | &nbsp;&nbsp;&nbsp; 1167661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 08/08/31 | 470000 | &nbsp;&nbsp;&nbsp; 424980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 08/08/28 | 1020000 | &nbsp;&nbsp;&nbsp; 1027643 |
|  |  | &nbsp;&nbsp;&nbsp; 14540825 |
| **Machinery-Construction & Mining — 0.2%** | **Machinery-Construction & Mining — 0.2%** | **Machinery-Construction & Mining — 0.2%** |
| Babcock & Wilcox Enterprises, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 06/30/30 (144A) | 3900000 | &nbsp;&nbsp;&nbsp; 3880500 |
| **Machinery-Diversified — 0.1%** | **Machinery-Diversified — 0.1%** | **Machinery-Diversified — 0.1%** |
| Columbus McKinnon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 02/01/33 (144A) (a) | 1000000 | &nbsp;&nbsp;&nbsp; 999540 |
| **Media — 2.6%** | **Media — 2.6%** | **Media — 2.6%** |
| AMC Networks, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 07/15/32 (144A) (a) | 1149000 | &nbsp;&nbsp;&nbsp; 1133976 |
| CCO Holdings LLC/CCO Holdings Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 02/01/33 (144A) (a) | 4100000 | &nbsp;&nbsp;&nbsp; 4111293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 02/01/36 (144A) (a) | 4730000 | &nbsp;&nbsp;&nbsp; 4710355 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 04/01/38 (a) | 1130000 | &nbsp;&nbsp;&nbsp; 1012764 |
| CSC Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/01/29 (144A) | 5950000 | &nbsp;&nbsp;&nbsp; 3792619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.750%, 01/31/29 (144A) (a) | 10880000 | &nbsp;&nbsp;&nbsp; 7867817 |
| Directv Financing LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 02/01/30 (144A) (a) | 2570000 | &nbsp;&nbsp;&nbsp; 2564282 |
| Directv Financing LLC/Directv Financing Co-Obligor, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 02/15/31 (144A) (a) | 1970000 | &nbsp;&nbsp;&nbsp; 2011033 |
| DISH DBS Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/01/26 (144A) | 140000 | &nbsp;&nbsp;&nbsp; 138799 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Media—(Continued)** | **Media—(Continued)** | **Media—(Continued)** |
| DISH DBS Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 12/01/28 (144A) | 2570000 | &nbsp;&nbsp;&nbsp; $2485685 |
| DISH Network Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.750%, 11/15/27 (144A) (a) | 4260000 | &nbsp;&nbsp;&nbsp; 4388844 |
| Grupo Televisa SAB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/13/45 (a) | 2690000 | &nbsp;&nbsp;&nbsp; 1671243 |
| iHeartCommunications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.125%, 05/01/29 (144A) (a) | 855000 | &nbsp;&nbsp;&nbsp; 776425 |
| Nexstar Media, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 09/15/33 (144A) | 2140000 | &nbsp;&nbsp;&nbsp; 2156305 |
| Time Warner Cable LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 11/15/40 (a) | 1702000 | &nbsp;&nbsp;&nbsp; 1542414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 06/15/39 (a) | 1970000 | &nbsp;&nbsp;&nbsp; 1954774 |
| Versant Media Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 01/30/31 (144A) (a) | 1760000 | &nbsp;&nbsp;&nbsp; 1801186 |
| Virgin Media Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/15/30 (144A) (a) | 1080000 | &nbsp;&nbsp;&nbsp; 884953 |
| VZ Secured Financing BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 01/15/33 (144A) (a) | 1180000 | &nbsp;&nbsp;&nbsp; 1112272 |
|  |  | &nbsp;&nbsp;&nbsp; 46117039 |
| **Metal Fabricate/Hardware — 0.4%** | **Metal Fabricate/Hardware — 0.4%** | **Metal Fabricate/Hardware — 0.4%** |
| Advanced Drainage Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 03/01/34 (144A) (a) | 2080000 | &nbsp;&nbsp;&nbsp; 2024091 |
| Park-Ohio Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 08/01/30 (144A) (a) | 4540000 | &nbsp;&nbsp;&nbsp; 4652660 |
|  |  | &nbsp;&nbsp;&nbsp; 6676751 |
| **Mining — 1.6%** | **Mining — 1.6%** | **Mining — 1.6%** |
| ACN 113 874 712 Pty. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 13.250%, 02/15/18 (144A) † (c) (f) (g) | 931575 | &nbsp;&nbsp;&nbsp; 0 |
| Capstone Copper Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/31/33 (144A) (a) | 1370000 | &nbsp;&nbsp;&nbsp; 1360977 |
| First Quantum Minerals Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 02/15/36 (144A) (a) | 4870000 | &nbsp;&nbsp;&nbsp; 4685022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 02/15/34 (144A) (a) | 5570000 | &nbsp;&nbsp;&nbsp; 5670466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 03/01/33 (144A) (a) | 4040000 | &nbsp;&nbsp;&nbsp; 4211106 |
| Freeport Minerals Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 11/01/27 | 3740000 | &nbsp;&nbsp;&nbsp; 3845737 |
| Freeport-McMoRan, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 03/15/43 (a) | 4681000 | &nbsp;&nbsp;&nbsp; 4428629 |
| Hudbay Minerals, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 04/01/29 (144A) | 2014000 | &nbsp;&nbsp;&nbsp; 2012778 |
| Northwest Acquisitions ULC/Dominion Finco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 11/01/22 (144A) (c) | 8475000 | &nbsp;&nbsp;&nbsp; 85 |
| Teck Resources Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/15/40 | 1774000 | &nbsp;&nbsp;&nbsp; 1780470 |
|  |  | &nbsp;&nbsp;&nbsp; 27995270 |
| **Miscellaneous Manufacturing — 0.2%** | **Miscellaneous Manufacturing — 0.2%** | **Miscellaneous Manufacturing — 0.2%** |
| Axon Enterprise, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 03/15/30 (144A) (a) | 1640000 | &nbsp;&nbsp;&nbsp; 1667135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/15/33 (144A) (a) | 970000 | &nbsp;&nbsp;&nbsp; 990124 |
|  |  | &nbsp;&nbsp;&nbsp; 2657259 |

---

**BHFTII-276**

------

**Brighthouse Funds Trust II**

**Western Asset Management Strategic Bond Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Multi-National — 0.8%** | **Multi-National — 0.8%** | **Multi-National — 0.8%** |
| Inter-American Development Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.350%, 10/06/30 (INR) | 1403000000 | &nbsp;&nbsp;&nbsp; $14497098 |
| **Oil & Gas — 5.5%** | **Oil & Gas — 5.5%** | **Oil & Gas — 5.5%** |
| Borr IHC Ltd./Borr Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 11/15/28 (144A) | 2014634 | &nbsp;&nbsp;&nbsp; 2064237 |
| Chord Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/01/30 (144A) (a) | 1800000 | &nbsp;&nbsp;&nbsp; 1823886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/15/33 (144A) (a) | 2510000 | &nbsp;&nbsp;&nbsp; 2591430 |
| Crescent Energy Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 01/15/33 (144A) (a) | 6840000 | &nbsp;&nbsp;&nbsp; 6838285 |
| Devon Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 07/15/41 (a) | 3130000 | &nbsp;&nbsp;&nbsp; 3025156 |
| Ecopetrol SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 01/19/36 (a) | 5570000 | &nbsp;&nbsp;&nbsp; 5647265 |
| Expand Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/01/32 (a) | 1380000 | &nbsp;&nbsp;&nbsp; 1344628 |
| Granite Ridge Resources, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 11/05/29 (144A) † | 5550000 | &nbsp;&nbsp;&nbsp; 5421295 |
| KazMunayGas National Co. JSC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 04/24/30 (144A) (a) | 300000 | &nbsp;&nbsp;&nbsp; 303008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 10/24/48 (144A) | 1060000 | &nbsp;&nbsp;&nbsp; 1051902 |
| Nabors Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 08/15/31 (144A) (a) | 4410000 | &nbsp;&nbsp;&nbsp; 4594237 |
| Noble Finance II LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 04/15/30 (144A) | 2150000 | &nbsp;&nbsp;&nbsp; 2213611 |
| Northern Oil & Gas, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 10/15/33 (144A) (a) | 2860000 | &nbsp;&nbsp;&nbsp; 2959108 |
| Occidental Petroleum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 08/15/49 | 1630000 | &nbsp;&nbsp;&nbsp; 1190226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.450%, 09/15/36 (a) | 772000 | &nbsp;&nbsp;&nbsp; 824881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.950%, 06/15/39 | 7859000 | &nbsp;&nbsp;&nbsp; 9209986 |
| Pan American Energy LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 04/30/32 (144A) | 1330000 | &nbsp;&nbsp;&nbsp; 1409002 |
| PBF Holding Co. LLC/PBF Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/15/28 (a) | 8236000 | &nbsp;&nbsp;&nbsp; 8198546 |
| Permian Resources Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 02/01/33 (144A) (a) | 680000 | &nbsp;&nbsp;&nbsp; 692672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 01/15/32 (144A) (a) | 6840000 | &nbsp;&nbsp;&nbsp; 7082786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.875%, 07/15/31 (144A) (a) | 895000 | &nbsp;&nbsp;&nbsp; 949858 |
| Petrobras Global Finance BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 02/01/29 | 700000 | &nbsp;&nbsp;&nbsp; 709462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.850%, 06/05/2115 (a) | 6170000 | &nbsp;&nbsp;&nbsp; 5605077 |
| Puma International Financing SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 04/25/29 (144A) | 3680000 | &nbsp;&nbsp;&nbsp; 3754986 |
| Range Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/15/30 (144A) | 2820000 | &nbsp;&nbsp;&nbsp; 2749658 |
| Sunoco LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 07/15/34 (144A) (a) | 6590000 | &nbsp;&nbsp;&nbsp; 6489211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 5Y H15 + 4.230%, 09/18/30 (144A) (a) (b) | 4774000 | &nbsp;&nbsp;&nbsp; 4874378 |
| Vermilion Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 02/15/33 (144A) (a) | 3930000 | &nbsp;&nbsp;&nbsp; 3964151 |
|  |  | &nbsp;&nbsp;&nbsp; 97582928 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Oil & Gas Services — 0.1%** | **Oil & Gas Services — 0.1%** | **Oil & Gas Services — 0.1%** |
| WBI Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/15/33 (144A) | 2460000 | &nbsp;&nbsp;&nbsp; $2441206 |
| **Pharmaceuticals — 1.1%** | **Pharmaceuticals — 1.1%** | **Pharmaceuticals — 1.1%** |
| 1261229 BC Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 04/15/32 (144A) (a) | 5120000 | &nbsp;&nbsp;&nbsp; 5242081 |
| Bausch Health Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 02/15/29 (144A) | 580000 | &nbsp;&nbsp;&nbsp; 435000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 01/15/28 (144A) | 2160000 | &nbsp;&nbsp;&nbsp; 1879200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.000%, 09/30/28 (144A) | 1300000 | &nbsp;&nbsp;&nbsp; 1326050 |
| Teva Pharmaceutical Finance Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 02/01/36 (a) | 1180000 | &nbsp;&nbsp;&nbsp; 1215771 |
| Teva Pharmaceutical Finance Netherlands III BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 10/01/46 (a) | 9870000 | &nbsp;&nbsp;&nbsp; 7316444 |
| Teva Pharmaceutical Finance Netherlands IV BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 12/01/30 (a) | 2270000 | &nbsp;&nbsp;&nbsp; 2298809 |
|  |  | &nbsp;&nbsp;&nbsp; 19713355 |
| **Pipelines — 3.5%** | **Pipelines — 3.5%** | **Pipelines — 3.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Antero Midstream Partners LP/Antero Midstream Finance <br> Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 10/15/33 (144A) (a) | 1992000 | &nbsp;&nbsp;&nbsp; 1969901 |
| Blue Racer Midstream LLC/Blue Racer Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 07/15/32 (144A) (a) | 2580000 | &nbsp;&nbsp;&nbsp; 2680060 |
| El Paso Natural Gas Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 06/15/32 | 190000 | &nbsp;&nbsp;&nbsp; 222356 |
| Energy Transfer LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 05/15/45 (a) | 5000000 | &nbsp;&nbsp;&nbsp; 4469830 |
| Enterprise Products Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 3M TSFR + 2.832%, 02/15/78 (a) (b) | 11670000 | &nbsp;&nbsp;&nbsp; 11557153 |
| Galaxy Pipeline Assets Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 09/30/27 | 433528 | &nbsp;&nbsp;&nbsp; 421687 |
| Howard Midstream Energy Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 01/15/34 (144A) | 2140000 | &nbsp;&nbsp;&nbsp; 2148136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 07/15/32 (144A) (a) | 2070000 | &nbsp;&nbsp;&nbsp; 2140477 |
| Plains All American Pipeline LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.024%, 3M TSFR + 4.372%, 01/30/26 (b) | 4228000 | &nbsp;&nbsp;&nbsp; 4218148 |
| Rockies Express Pipeline LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/15/40 (144A) (a) | 3160000 | &nbsp;&nbsp;&nbsp; 3145674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 07/15/38 (144A) (a) | 1200000 | &nbsp;&nbsp;&nbsp; 1252330 |
| Southern Natural Gas Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 03/01/32 | 25000 | &nbsp;&nbsp;&nbsp; 28512 |
| Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/31/30 (144A) (a) | 1030000 | &nbsp;&nbsp;&nbsp; 1024754 |
| Venture Global Calcasieu Pass LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 11/01/33 (144A) (a) | 2200000 | &nbsp;&nbsp;&nbsp; 1949412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 08/15/31 (144A) (a) | 3210000 | &nbsp;&nbsp;&nbsp; 2977614 |
| Venture Global LNG, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 5Y H15 + 5.440%, 09/30/29 (144A) (b) | 2770000 | &nbsp;&nbsp;&nbsp; 2759048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 02/01/29 (144A) (a) | 3980000 | &nbsp;&nbsp;&nbsp; 4303552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.875%, 02/01/32 (144A) (a) | 5560000 | &nbsp;&nbsp;&nbsp; 5971373 |
| Western Midstream Operating LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 03/01/48 | 2000000 | &nbsp;&nbsp;&nbsp; 1690479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 04/01/44 | 8470000 | &nbsp;&nbsp;&nbsp; 7534839 |
|  |  | &nbsp;&nbsp;&nbsp; 62465335 |

---

**BHFTII-277**

------

**Brighthouse Funds Trust II**

**Western Asset Management Strategic Bond Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Real Estate — 0.2%** | **Real Estate — 0.2%** | **Real Estate — 0.2%** |
| Country Garden Holdings Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 2.500% PIK, 12/31/32 (d) | 402369 | &nbsp;&nbsp;&nbsp; $54320 |
| Cushman & Wakefield U.S. Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/15/28 (144A) (a) | 1429000 | &nbsp;&nbsp;&nbsp; 1431063 |
| Five Point Operating Co. LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 10/01/30 (144A) (a) | 2520000 | &nbsp;&nbsp;&nbsp; 2514070 |
|  |  | &nbsp;&nbsp;&nbsp; 3999453 |
| **Real Estate Investment Trusts — 1.1%** | **Real Estate Investment Trusts — 1.1%** | **Real Estate Investment Trusts — 1.1%** |
| Arbor Realty SR, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 07/15/30 (144A) (a) | 1990000 | &nbsp;&nbsp;&nbsp; 1840210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 12/15/28 (144A) (a) | 1630000 | &nbsp;&nbsp;&nbsp; 1601936 |
| Diversified Healthcare Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 10/15/30 (144A) | 1930000 | &nbsp;&nbsp;&nbsp; 1946585 |
| Millrose Properties, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 09/15/32 (144A) (a) | 1130000 | &nbsp;&nbsp;&nbsp; 1109217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 08/01/30 (144A) (a) | 3880000 | &nbsp;&nbsp;&nbsp; 3878793 |
| MPT Operating Partnership LP/MPT Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.692%, 06/05/28 (GBP) | 820000 | &nbsp;&nbsp;&nbsp; 948823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 08/01/29 (a) | 2340000 | &nbsp;&nbsp;&nbsp; 1819420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/15/27 (a) | 2733000 | &nbsp;&nbsp;&nbsp; 2543972 |
| Starwood Property Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 04/01/29 (144A) (a) | 1660000 | &nbsp;&nbsp;&nbsp; 1709184 |
| Trust 2401 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.869%, 01/15/30 (144A) | 1398000 | &nbsp;&nbsp;&nbsp; 1346106 |
| Trust Fibra Uno |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.869%, 01/15/30 (144A) | 722000 | &nbsp;&nbsp;&nbsp; 692688 |
|  |  | &nbsp;&nbsp;&nbsp; 19436934 |
| **Retail — 1.5%** | **Retail — 1.5%** | **Retail — 1.5%** |
| FirstCash, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 01/01/30 (144A) (a) | 3060000 | &nbsp;&nbsp;&nbsp; 3043012 |
| Gee Automotive Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 03/01/31 (144A) | 3020000 | &nbsp;&nbsp;&nbsp; 3029247 |
| Global Auto Holdings Ltd./AAG FH U.K. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 01/15/29 (144A) (a) | 5870000 | &nbsp;&nbsp;&nbsp; 5362421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.500%, 08/15/29 (144A) (a) | 1550000 | &nbsp;&nbsp;&nbsp; 1542115 |
| Marks & Spencer PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 12/01/37 (144A) | 1595000 | &nbsp;&nbsp;&nbsp; 1734127 |
| Michaels Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 03/15/33 (144A) | 1930000 | &nbsp;&nbsp;&nbsp; 1878844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.000%, 03/15/34 (144A) (a) | 4230000 | &nbsp;&nbsp;&nbsp; 3938986 |
| Petco Health & Wellness Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 02/01/31 (144A) (a) | 2210000 | &nbsp;&nbsp;&nbsp; 2206971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Suburban Propane Partners LP/Suburban Energy Finance <br> Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/31 (144A) (a) | 2210000 | &nbsp;&nbsp;&nbsp; 2079341 |
| Superior Plus LP/Superior General Partner, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/15/29 (144A) (a) | 2320000 | &nbsp;&nbsp;&nbsp; 2217734 |
|  |  | &nbsp;&nbsp;&nbsp; 27032798 |
| **Semiconductors — 0.0%** | **Semiconductors — 0.0%** | **Semiconductors — 0.0%** |
| Intel Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 02/10/53 (a) | 400000 | &nbsp;&nbsp;&nbsp; 368306 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Software — 0.9%** | **Software — 0.9%** | **Software — 0.9%** |
| Citrix Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/01/27 | 1800000 | &nbsp;&nbsp;&nbsp; $1701847 |
| Cloud Software Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 08/15/33 (144A) | 1680000 | &nbsp;&nbsp;&nbsp; 1493646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 06/30/32 (144A) (a) | 2960000 | &nbsp;&nbsp;&nbsp; 2807367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 09/30/29 (144A) | 1010000 | &nbsp;&nbsp;&nbsp; 974320 |
| CoreWeave, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 06/01/30 (144A) (a) | 1730000 | &nbsp;&nbsp;&nbsp; 1680971 |
| Fair Isaac Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 09/15/34 (144A) (a) | 2040000 | &nbsp;&nbsp;&nbsp; 2006406 |
| Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 02/04/31 (a) | 3280000 | &nbsp;&nbsp;&nbsp; 3209283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 05/04/33 | 1150000 | &nbsp;&nbsp;&nbsp; 1119501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 02/04/36 (a) | 1630000 | &nbsp;&nbsp;&nbsp; 1567226 |
|  |  | &nbsp;&nbsp;&nbsp; 16560567 |
| **Telecommunications — 2.6%** | **Telecommunications — 2.6%** | **Telecommunications — 2.6%** |
| Altice Financing SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 08/15/29 (144A) | 8730000 | &nbsp;&nbsp;&nbsp; 6111575 |
| Altice France Lux 3/Altice Holdings 1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 01/15/33 (144A) | 954000 | &nbsp;&nbsp;&nbsp; 867022 |
| Altice France SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/15/32 (144A) (a) | 731589 | &nbsp;&nbsp;&nbsp; 693169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 07/15/32 (144A) (a) | 2615506 | &nbsp;&nbsp;&nbsp; 2478266 |
| APLD ComputeCo 2 LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/15/31 (144A) (a) | 1220000 | &nbsp;&nbsp;&nbsp; 1211117 |
| APLD ComputeCo LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 12/15/30 (144A) (a) | 3360000 | &nbsp;&nbsp;&nbsp; 3461882 |
| Black Pearl Compute LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 02/15/31 (144A) (a) | 2090000 | &nbsp;&nbsp;&nbsp; 2127196 |
| Connect Finco SARL/Connect U.S. Finco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 09/15/29 (144A) (a) | 2100000 | &nbsp;&nbsp;&nbsp; 2206134 |
| EchoStar Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.750%, 11/30/29 | 5266400 | &nbsp;&nbsp;&nbsp; 5689033 |
| Level 3 Financing, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 06/30/33 (144A) (a) | 1810000 | &nbsp;&nbsp;&nbsp; 1843161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 01/15/36 (144A) (a) | 2820000 | &nbsp;&nbsp;&nbsp; 2942421 |
| Millicom International Cellular SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/27/31 (144A) (a) | 3930000 | &nbsp;&nbsp;&nbsp; 3581997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/25/29 (144A) (a) | 1215000 | &nbsp;&nbsp;&nbsp; 1210135 |
| SV RNO Property Owner 1 LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/01/31 (144A) | 4610000 | &nbsp;&nbsp;&nbsp; 4556951 |
| &nbsp;&nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Group Finance 2019, Inc./CSL <br> Capital LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/15/29 (144A) (a) | 1000000 | &nbsp;&nbsp;&nbsp; 971238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 06/15/32 (144A) | 900000 | &nbsp;&nbsp;&nbsp; 915570 |
| Vmed O2 U.K. Financing I PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 01/15/33 (144A) (a) | 1850000 | &nbsp;&nbsp;&nbsp; 1652874 |
| WULF Compute LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 10/15/30 (144A) (a) | 3840000 | &nbsp;&nbsp;&nbsp; 4057651 |
|  |  | &nbsp;&nbsp;&nbsp; 46577392 |

---

**BHFTII-278**

------

**Brighthouse Funds Trust II**

**Western Asset Management Strategic Bond Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Corporate Bonds & Notes—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Transportation — 0.3%** | **Transportation — 0.3%** | **Transportation — 0.3%** |
| Carriage Purchaser, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 10/15/29 (144A) | 6363000 | &nbsp;&nbsp;&nbsp; $6066043 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $892,493,395) <br>|  | &nbsp;&nbsp;&nbsp; 874927877 |
| **Non-Agency Mortgage-Backed Securities—14.0%** | **Non-Agency Mortgage-Backed Securities—14.0%** | **Non-Agency Mortgage-Backed Securities—14.0%** |
| **Collateralized Mortgage Obligations — 4.7%** | **Collateralized Mortgage Obligations — 4.7%** | **Collateralized Mortgage Obligations — 4.7%** |
| Angel Oak Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.124%, 01/25/67 (144A) (b) | 3042918 | &nbsp;&nbsp;&nbsp; 2843212 |
| Banc of America Funding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.668%, 02/27/37 (144A) (b) | 12893642 | &nbsp;&nbsp;&nbsp; 11488273 |
| Banc of America Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.327%, 1M TSFR + 0.279%, 09/29/36 (144A) (b) | 8307003 | &nbsp;&nbsp;&nbsp; 6918420 |
| Banc of America Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.054%, 09/25/35 (b) | 15938 | &nbsp;&nbsp;&nbsp; 14328 |
| BCAP LLC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.065%, 05/26/47 (144A) (b) | 2171672 | &nbsp;&nbsp;&nbsp; 1963472 |
| Bear Stearns Asset-Backed Securities I Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 19.815%, -4.33x 1M TSFR + 35.754%, 07/25/36 (b) | 135454 | &nbsp;&nbsp;&nbsp; 167023 |
| BRAVO Residential Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.435%, 05/25/63 (144A) (e) | 2189463 | &nbsp;&nbsp;&nbsp; 2188269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.103%, 10/25/63 (144A) (e) | 2006677 | &nbsp;&nbsp;&nbsp; 2019185 |
| CIM Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/25/62 (144A) (b) | 969511 | &nbsp;&nbsp;&nbsp; 963356 |
| COLT Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.409%, 11/25/70 (144A) (e) | 898557 | &nbsp;&nbsp;&nbsp; 894669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.303%, 07/25/69 (144A) (e) | 2572582 | &nbsp;&nbsp;&nbsp; 2593237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.586%, 02/25/69 (144A) (b) | 1580000 | &nbsp;&nbsp;&nbsp; 1588492 |
| Countrywide Alternative Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 01/25/37 | 1306597 | &nbsp;&nbsp;&nbsp; 606494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/25/37 | 979177 | &nbsp;&nbsp;&nbsp; 577088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13.428%, -4x 1M TSFR + 28.142%, 07/25/36 (b) | 1349576 | &nbsp;&nbsp;&nbsp; 1307255 |
| Countrywide Alternative Loan Trust Resecuritization |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.706%, 08/25/37 (b) | 1851092 | &nbsp;&nbsp;&nbsp; 776433 |
| GreenPoint MTA Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.233%, 1M TSFR + 0.554%, 06/25/45 (b) | 268551 | &nbsp;&nbsp;&nbsp; 239651 |
| GSMPS Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.193%, 1M TSFR + 0.514%, 04/25/36 (144A) (b) | 547027 | &nbsp;&nbsp;&nbsp; 470967 |
| HarborView Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.793%, 1M TSFR + 2.114%, 10/25/37 (b) | 415180 | &nbsp;&nbsp;&nbsp; 393773 |
| IndyMac INDX Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.513%, 1M TSFR + 0.834%, 01/25/35 (b) | 466481 | &nbsp;&nbsp;&nbsp; 360855 |
| Lehman XS Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.193%, 1M TSFR + 0.514%, 08/25/46 (b) | 526148 | &nbsp;&nbsp;&nbsp; 523871 |
| MASTR Seasoned Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.455%, 10/25/32 (b) | 827 | &nbsp;&nbsp;&nbsp; 799 |
| Merrill Lynch Mortgage Investors Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.565%, 08/25/33 (b) | 96796 | &nbsp;&nbsp;&nbsp; 90965 |
| MFA Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.784%, 12/25/68 (144A) (e) | 1810313 | &nbsp;&nbsp;&nbsp; 1822164 |
| New Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/25/58 (144A) (b) | 1708480 | &nbsp;&nbsp;&nbsp; 1598481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 11/25/58 (144A) (b) | 1477652 | &nbsp;&nbsp;&nbsp; 1425014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.980%, 04/25/62 (144A) (b) | 3414691 | &nbsp;&nbsp;&nbsp; 3147988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 09/25/56 (144A) (b) | 3307800 | &nbsp;&nbsp;&nbsp; 3243813 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** |
| New Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.189%, 02/25/66 (144A) (e) | 3648506 | &nbsp;&nbsp;&nbsp; $3610027 |
| OBX Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.171%, 11/25/65 (144A) (e) | 2597957 | &nbsp;&nbsp;&nbsp; 2576148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.949%, 02/25/63 (144A) (e) | 634487 | &nbsp;&nbsp;&nbsp; 632390 |
| PRKCM Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.304%, 02/25/58 (144A) (e) | 2446054 | &nbsp;&nbsp;&nbsp; 2438526 |
| RALI Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.968%, 11/25/37 (b) | 1570530 | &nbsp;&nbsp;&nbsp; 1324573 |
| Reperforming Loan Trust REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.339%, 03/25/35 (144A) (b) (h) | 978911 | &nbsp;&nbsp;&nbsp; 41454 |
| Sequoia Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.726%, 07/25/45 (144A) (b) | 1704 | &nbsp;&nbsp;&nbsp; 1675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.908%, 6M TSFR + 1.108%, 06/20/33 (b) | 11629 | &nbsp;&nbsp;&nbsp; 11488 |
| Structured Adjustable Rate Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.282%, 1M TSFR + 1.614%, 09/25/37 (b) | 907654 | &nbsp;&nbsp;&nbsp; 860117 |
| Structured Asset Mortgage Investments II Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.353%, 1M TSFR + 0.674%, 02/25/36 (b) | 944739 | &nbsp;&nbsp;&nbsp; 807655 |
| Towd Point Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.631%, 06/25/57 (144A) (b) | 2900000 | &nbsp;&nbsp;&nbsp; 2434441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.043%, 1M TSFR + 2.364%, 05/25/58 (144A) (b) | 1220000 | &nbsp;&nbsp;&nbsp; 1223172 |
| Verus Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.844%, 02/25/71 (144A) (e) | 3635289 | &nbsp;&nbsp;&nbsp; 3590998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.774%, 05/25/65 (144A) (e) | 3519125 | &nbsp;&nbsp;&nbsp; 3527015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.118%, 01/25/69 (144A) (e) | 2321028 | &nbsp;&nbsp;&nbsp; 2326408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.845%, 04/25/69 (144A) (e) | 2065312 | &nbsp;&nbsp;&nbsp; 2083690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.968%, 12/25/68 (144A) (e) | 1169224 | &nbsp;&nbsp;&nbsp; 1176915 |
| WaMu Mortgage Pass-Through Certificates Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.333%, 1M TSFR + 0.654%, 12/25/45 (b) | 96082 | &nbsp;&nbsp;&nbsp; 97093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.422%, 09/25/36 (b) | 198257 | &nbsp;&nbsp;&nbsp; 188222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.657%, 12M MTA + 0.798%, 03/25/47 (b) | 463060 | &nbsp;&nbsp;&nbsp; 437615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.753%, 1M TSFR + 1.074%, 12/25/45 (b) | 3408199 | &nbsp;&nbsp;&nbsp; 3909203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.192%, 08/25/33 (b) | 296277 | &nbsp;&nbsp;&nbsp; 288913 |
|  |  | &nbsp;&nbsp;&nbsp; 83815285 |
| **Commercial Mortgage-Backed Securities — 9.3%** | **Commercial Mortgage-Backed Securities — 9.3%** | **Commercial Mortgage-Backed Securities — 9.3%** |
| 280 Park Avenue Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.507%, 1M TSFR + 1.836%, 09/15/34 (144A) (b) | 1640000 | &nbsp;&nbsp;&nbsp; 1615400 |
| ARES Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.116%, 1M TSFR + 1.443%, 10/15/34 (144A) (b) | 2360000 | &nbsp;&nbsp;&nbsp; 2360000 |
| Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/32 (144A) (b) | 3300000 | &nbsp;&nbsp;&nbsp; 2214651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.053%, 10/15/57 | 5240000 | &nbsp;&nbsp;&nbsp; 5251561 |
| Bank of America Merrill Lynch Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 02/15/50 (144A) | 2250000 | &nbsp;&nbsp;&nbsp; 2110998 |
| Bank5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.802%, 12/15/57 (b) | 3200000 | &nbsp;&nbsp;&nbsp; 2511414 |
| Benchmark Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.666%, 01/15/51 (b) | 1210000 | &nbsp;&nbsp;&nbsp; 1194086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.363%, 07/15/56 (b) | 1120000 | &nbsp;&nbsp;&nbsp; 1158430 |
| BFLD Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.363%, 1M TSFR + 2.691%, 11/15/41 (144A) (b) | 3180000 | &nbsp;&nbsp;&nbsp; 3180994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.312%, 1M TSFR + 3.640%, 11/15/41 (144A) (b) | 3180000 | &nbsp;&nbsp;&nbsp; 3180994 |
| BWAY Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.928%, 03/10/33 (144A) (b) | 3200000 | &nbsp;&nbsp;&nbsp; 2713038 |

---

**BHFTII-279**

------

**Brighthouse Funds Trust II**

**Western Asset Management Strategic Bond Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Non-Agency Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** |
| BX Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.549%, 03/11/44 (144A) (b) | 3080000 | &nbsp;&nbsp;&nbsp; $2850274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.869%, 1M TSFR + 2.196%, 04/15/34 (144A) (b) | 7780000 | &nbsp;&nbsp;&nbsp; 7682750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.123%, 1M TSFR + 2.450%, 02/15/43 (144A) (b) | 5420000 | &nbsp;&nbsp;&nbsp; 5428469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.361%, 1M TSFR + 3.688%, 05/15/34 (144A) (b) | 4086206 | &nbsp;&nbsp;&nbsp; 4086206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.363%, 1M TSFR + 3.690%, 04/15/40 (144A) (b) | 4850535 | &nbsp;&nbsp;&nbsp; 4844472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.713%, 08/13/41 (144A) (b) | 3110000 | &nbsp;&nbsp;&nbsp; 3001245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.923%, 1M TSFR + 4.250%, 03/15/45 (144A) (b) | 3650000 | &nbsp;&nbsp;&nbsp; 3604319 |
| BX Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.363%, 1M TSFR + 2.690%, 04/15/41 (144A) (b) | 3892771 | &nbsp;&nbsp;&nbsp; 3890338 |
| BXMT Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.127%, 1M TSFR + 1.450%, 08/19/43 (144A) (b) | 3310000 | &nbsp;&nbsp;&nbsp; 3308347 |
| Citigroup Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.225%, 09/15/48 (144A) | 30638 | &nbsp;&nbsp;&nbsp; 29948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.820%, 10/12/40 (144A) (b) | 1120000 | &nbsp;&nbsp;&nbsp; 1141616 |
| CSMC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.160%, 12/15/41 (144A) | 5560000 | &nbsp;&nbsp;&nbsp; 5213838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.044%, PRIME + 1.294%, 07/15/32 (144A) (b) | 700000 | &nbsp;&nbsp;&nbsp; 698332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.044%, PRIME + 4.294%, 07/15/32 (144A) (b) | 6685000 | &nbsp;&nbsp;&nbsp; 6447069 |
| Dwight Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.342%, 1M TSFR + 1.662%, 06/18/42 (144A) (b) | 4800000 | &nbsp;&nbsp;&nbsp; 4814809 |
| Extended Stay America Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.273%, 1M TSFR + 2.600%, 10/15/42 (144A) (b) | 3570000 | &nbsp;&nbsp;&nbsp; 3574462 |
| GS Mortgage Securities Corp. II |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.367%, 03/10/41 (144A) (b) | 5880000 | &nbsp;&nbsp;&nbsp; 5995308 |
| HIH Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.110%, 1M TSFR + 5.437%, 10/15/41 (144A) (b) | 3981524 | &nbsp;&nbsp;&nbsp; 3981524 |
| HIT Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.794%, 1M TSFR + 9.122%, 07/15/39 (144A) (b) | 2560000 | &nbsp;&nbsp;&nbsp; 2568394 |
| JP Morgan Chase Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.765%, 01/15/49 (b) | 568000 | &nbsp;&nbsp;&nbsp; 526093 |
| KIND Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.090%, 1M TSFR + 2.414%, 08/15/38 (144A) (b) | 1309248 | &nbsp;&nbsp;&nbsp; 1291246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.040%, 1M TSFR + 3.364%, 08/15/38 (144A) (b) | 2687926 | &nbsp;&nbsp;&nbsp; 2655358 |
| MF1 Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.221%, 1M TSFR + 1.541%, 11/18/39 (144A) (b) | 4910000 | &nbsp;&nbsp;&nbsp; 4926310 |
| MIC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.437%, 12/05/38 (144A) (b) | 1080000 | &nbsp;&nbsp;&nbsp; 1149347 |
| MLTI Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.923%, 1M TSFR + 3.250%, 03/15/31 (144A) (b) | 4620000 | &nbsp;&nbsp;&nbsp; 4594109 |
| Morgan Stanley Capital I Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.320%, 12/15/48 (b) | 547179 | &nbsp;&nbsp;&nbsp; 536241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.236%, 1M TSFR + 1.563%, 12/15/38 (144A) (b) | 5350000 | &nbsp;&nbsp;&nbsp; 4988875 |
| MSWF Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.472%, 05/15/56 | 2210000 | &nbsp;&nbsp;&nbsp; 2263023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.015%, 12/15/56 (b) | 2260000 | &nbsp;&nbsp;&nbsp; 2383245 |
| Multifamily Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 17.785%, 04/25/46 (144A) (b) | 1250986 | &nbsp;&nbsp;&nbsp; 1215843 |
| NYC Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.130%, 11/05/38 (144A) (b) | 1900000 | &nbsp;&nbsp;&nbsp; 1914756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.321%, 11/05/38 (144A) (b) | 4600000 | &nbsp;&nbsp;&nbsp; 4597866 |
| One Market Plaza Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.845%, 02/10/32 (144A) | 1250000 | &nbsp;&nbsp;&nbsp; 1185341 |
| RIDE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.297%, 02/14/47 (144A) (b) | 3030000 | &nbsp;&nbsp;&nbsp; 3088562 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** |
| ROCK Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.819%, 11/13/41 (144A) | 5000000 | &nbsp;&nbsp;&nbsp; $5201984 |
| SFO Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.688%, 1M TSFR + 3.014%, 05/15/38 (144A) (b) | 4000000 | &nbsp;&nbsp;&nbsp; 3950000 |
| SMR Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.673%, 1M TSFR + 6.000%, 02/15/39 (144A) (b) | 3523190 | &nbsp;&nbsp;&nbsp; 3453634 |
| SMRT Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.623%, 1M TSFR + 1.950%, 01/15/39 (144A) (b) | 2290000 | &nbsp;&nbsp;&nbsp; 2282844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.023%, 1M TSFR + 3.350%, 01/15/39 (144A) (b) | 5070000 | &nbsp;&nbsp;&nbsp; 4943250 |
| SWCH Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.013%, 1M TSFR + 3.340%, 02/15/42 (144A) (b) | 4860000 | &nbsp;&nbsp;&nbsp; 4773434 |
| UBS Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.418%, 12/15/50 | 856963 | &nbsp;&nbsp;&nbsp; 846848 |
| WB Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.477%, 03/15/40 (144A) (b) | 1100000 | &nbsp;&nbsp;&nbsp; 1092333 |
|  |  | &nbsp;&nbsp;&nbsp; 164513828 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Non-Agency Mortgage-Backed Securities <br>(Cost $243,799,268) <br>|  | &nbsp;&nbsp;&nbsp; 248329113 |
| **Floating Rate Loans (i)—13.4%** | **Floating Rate Loans (i)—13.4%** | **Floating Rate Loans (i)—13.4%** |
| **Advertising — 0.1%** | **Advertising — 0.1%** | **Advertising — 0.1%** |
| CB Poly U.S. Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 9.200%, 3M TSFR + 5.500%, 05/18/29 | 2961637 | &nbsp;&nbsp;&nbsp; 2666584 |
| **Aerospace/Defense — 0.1%** | **Aerospace/Defense — 0.1%** | **Aerospace/Defense — 0.1%** |
| TransDigm, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan N, 6.168%, 1M TSFR + 2.500%, <br> 02/13/33<br>| 1760000 | &nbsp;&nbsp;&nbsp; 1762475 |
| **Airlines — 0.2%** | **Airlines — 0.2%** | **Airlines — 0.2%** |
| Spirit Airlines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 DIP Contingent Term Loan, 07/14/26 † (c) | 1648165 | &nbsp;&nbsp;&nbsp; 206020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 DIP New Money Term Loan, 11.678%, 1M TSFR + <br> 8.000%, 07/14/26 †<br>| 696484 | &nbsp;&nbsp;&nbsp; 689519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Roll-Up Term Loan, 07/14/26 † (c) | 4326045 | &nbsp;&nbsp;&nbsp; 3028232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Second DIP New Money Term Loan, 11.678%, 1M <br> TSFR + 8.000%, 07/14/26 †<br>| 172733 | &nbsp;&nbsp;&nbsp; 171006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Third DIP New Money Term Loan, 11.678%, 1M <br> TSFR + 8.000%, 07/14/26<br>| 341153 | &nbsp;&nbsp;&nbsp; 337742 |
|  |  | &nbsp;&nbsp;&nbsp; 4432519 |
| **Apparel — 0.2%** | **Apparel — 0.2%** | **Apparel — 0.2%** |
| ABG Intermediate Holdings 2 LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term Loan, 5.918%, 1M TSFR + <br> 2.250%, 02/13/32<br>| 2886461 | &nbsp;&nbsp;&nbsp; 2879244 |
| **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** |
| Clarios Global LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan B, 6.168%, 1M TSFR + 2.500%, <br> 05/06/30<br>| 1966853 | &nbsp;&nbsp;&nbsp; 1964395 |
| First Brands Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan, 10.782%, 1M TSFR + 5.000%, <br> 03/30/27<br>| 123791 | &nbsp;&nbsp;&nbsp; 361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2022 Incremental Term Loan, 10.782%, 1M TSFR + <br> 7.114%, 03/30/27<br>| 1092070 | &nbsp;&nbsp;&nbsp; 8191 |

---

**BHFTII-280**

------

**Brighthouse Funds Trust II**

**Western Asset Management Strategic Bond Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Floating Rate Loans (i)—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Auto Parts & Equipment—(Continued)** | **Auto Parts & Equipment—(Continued)** | **Auto Parts & Equipment—(Continued)** |
| First Brands Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 DIP Term Loan, 13.671%, 1M TSFR + 10.000%, <br> 06/29/26<br>| 544104 | &nbsp;&nbsp;&nbsp; $126776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 PIK DIP Roll-Up Term Loan B, 10.671%, 1M TSFR + <br> 7.000%, 06/29/26<br>| 1554919 | &nbsp;&nbsp;&nbsp; 5831 |
|  |  | &nbsp;&nbsp;&nbsp; 2105554 |
| **Beverages — 0.2%** | **Beverages — 0.2%** | **Beverages — 0.2%** |
| Celsius Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.200%, 3M TSFR + 2.500%, <br> 04/01/32<br>| 2236967 | &nbsp;&nbsp;&nbsp; 2246474 |
| Primo Brands Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 03/19/31 (j) | 1800000 | &nbsp;&nbsp;&nbsp; 1804725 |
|  |  | &nbsp;&nbsp;&nbsp; 4051199 |
| **Building Materials — 0.1%** | **Building Materials — 0.1%** | **Building Materials — 0.1%** |
| PHRG Intermediate LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 7.700%, 3M TSFR + 4.000%, <br> 02/20/32<br>| 2034625 | &nbsp;&nbsp;&nbsp; 2013430 |
| **Chemicals — 0.5%** | **Chemicals — 0.5%** | **Chemicals — 0.5%** |
| A-AP Buyer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 6.417%, 3M TSFR + 2.750%, 09/09/31 | 1798444 | &nbsp;&nbsp;&nbsp; 1802940 |
| Hexion Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 7.675%, 1M TSFR + 4.000%, <br> 03/15/29<br>| 2679433 | &nbsp;&nbsp;&nbsp; 2569469 |
| Natgasoline LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 9.173%, 3M TSFR + 5.500%, <br> 03/29/30<br>| 1584375 | &nbsp;&nbsp;&nbsp; 1600219 |
| New Arclin U.S. Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 USD Term Loan B, 03/04/33 (j) | 2610000 | &nbsp;&nbsp;&nbsp; 2401200 |
|  |  | &nbsp;&nbsp;&nbsp; 8373828 |
| **Commercial Services — 0.6%** | **Commercial Services — 0.6%** | **Commercial Services — 0.6%** |
| DS Parent, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 9.200%, 3M TSFR + 5.500%, 01/31/31 | 4652711 | &nbsp;&nbsp;&nbsp; 4094386 |
| Prime Security Services Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B, 5.664%, 1M TSFR + 2.000%, <br> 10/13/30<br>| 1985108 | &nbsp;&nbsp;&nbsp; 1978750 |
| Pye-Barker Fire & Safety LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term Loan, 12/16/32 (k) | 271700 | &nbsp;&nbsp;&nbsp; 272351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 6.168%, 1M TSFR + 2.500%, <br> 12/16/32<br>| 1818300 | &nbsp;&nbsp;&nbsp; 1822657 |
| VT Topco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B, 08/09/30 (j) | 478785 | &nbsp;&nbsp;&nbsp; 465119 |
| WW International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Takeback Term Loan, 10.506%, 3M TSFR + <br> 6.800%, 06/24/30<br>| 3565676 | &nbsp;&nbsp;&nbsp; 2687628 |
|  |  | &nbsp;&nbsp;&nbsp; 11320891 |
| **Computers — 0.2%** | **Computers — 0.2%** | **Computers — 0.2%** |
| Nielsen Consumer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD 1st Lien Term Loan, 5.918%, 1M TSFR + <br> 2.250%, 10/31/30<br>| 992444 | &nbsp;&nbsp;&nbsp; 981279 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Computers—(Continued)** | **Computers—(Continued)** | **Computers—(Continued)** |
| UST Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 6.675%, 1M TSFR + 3.000%, 11/20/28 | 1902170 | &nbsp;&nbsp;&nbsp; $1835594 |
|  |  | &nbsp;&nbsp;&nbsp; 2816873 |
| **Distribution/Wholesale — 0.1%** | **Distribution/Wholesale — 0.1%** | **Distribution/Wholesale — 0.1%** |
| BCPE Empire Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.918%, 1M TSFR + 3.250%, <br> 12/11/30<br>| 985025 | &nbsp;&nbsp;&nbsp; 972559 |
| **Diversified Financial Services — 1.9%** | **Diversified Financial Services — 1.9%** | **Diversified Financial Services — 1.9%** |
| Ascensus Group Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 6.668%, 1M TSFR + 3.000%, <br> 11/25/32<br>| 4587145 | &nbsp;&nbsp;&nbsp; 4523356 |
| Blackhawk Network Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 7.168%, 1M TSFR + 3.500%, <br> 03/12/29<br>| 1704764 | &nbsp;&nbsp;&nbsp; 1685320 |
| CFC Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 7.161%, 3M TSFR + 3.500%, 07/01/32 | 4049850 | &nbsp;&nbsp;&nbsp; 3887856 |
| Citadel Securities LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 First Lien Term Loan, 5.700%, 3M TSFR + 2.000%, <br> 10/31/31<br>| 2865889 | &nbsp;&nbsp;&nbsp; 2871064 |
| Focus Financial Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Incremental Term Loan B, 6.168%, 1M TSFR + <br> 2.500%, 09/15/31<br>| 3335511 | &nbsp;&nbsp;&nbsp; 3230756 |
| Greystone Select Financial LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 8.931%, 3M TSFR + 5.000%, 06/16/28 | 1328778 | &nbsp;&nbsp;&nbsp; 1310507 |
| Jane Street Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B1, 5.673%, 3M TSFR + 2.000%, <br> 12/15/31<br>| 3980138 | &nbsp;&nbsp;&nbsp; 3909379 |
| VCI Asset Holdings 1 LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fixed Term Loan, 10.000%, 11/20/30 | 4650000 | &nbsp;&nbsp;&nbsp; 4940625 |
| VCI Asset Holdings 2 LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fixed Term Loan, 7.375%, 02/18/31 | 4780000 | &nbsp;&nbsp;&nbsp; 4923400 |
| VFH Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.168%, 1M TSFR + 2.500%, <br> 06/21/31<br>| 3138300 | &nbsp;&nbsp;&nbsp; 3142223 |
|  |  | &nbsp;&nbsp;&nbsp; 34424486 |
| **Electric — 0.1%** | **Electric — 0.1%** | **Electric — 0.1%** |
| Talen Energy Supply LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.668%, 1M TSFR + 2.000%, <br> 11/25/32<br>| 1546125 | &nbsp;&nbsp;&nbsp; 1549265 |
| **Engineering & Construction — 0.2%** | **Engineering & Construction — 0.2%** | **Engineering & Construction — 0.2%** |
| Osmose Utilities Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 7.032%, 1M TSFR + 3.250%, 06/23/28 | 2834251 | &nbsp;&nbsp;&nbsp; 2791737 |
| **Entertainment — 0.7%** | **Entertainment — 0.7%** | **Entertainment — 0.7%** |
| Allen Media LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan B, 9.350%, 3M TSFR + 5.500%, <br> 02/10/27<br>| 2596893 | &nbsp;&nbsp;&nbsp; 1597089 |
| Catawba Nation Gaming Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 8.417%, 3M TSFR + 4.750%, 03/29/32 | 2150000 | &nbsp;&nbsp;&nbsp; 2187625 |
| EOC Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 6.418%, 1M TSFR + 2.750%, 03/24/32 | 3831050 | &nbsp;&nbsp;&nbsp; 3827219 |

---

**BHFTII-281**

------

**Brighthouse Funds Trust II**

**Western Asset Management Strategic Bond Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Floating Rate Loans (i)—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Entertainment—(Continued)** | **Entertainment—(Continued)** | **Entertainment—(Continued)** |
| Peninsula Pacific Entertainment LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 8.450%, 3M TSFR + 4.750%, <br> 10/01/32<br>| 4108000 | &nbsp;&nbsp;&nbsp; $4113135 |
|  |  | &nbsp;&nbsp;&nbsp; 11725068 |
| **Environmental Control — 0.3%** | **Environmental Control — 0.3%** | **Environmental Control — 0.3%** |
| LRS Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 8.032%, 1M TSFR + 4.250%, 08/31/28 | 3447205 | &nbsp;&nbsp;&nbsp; 3378260 |
| Madison IAQ LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan, 6.378%, 6M TSFR + 2.750%, <br> 11/08/32<br>| 2473053 | &nbsp;&nbsp;&nbsp; 2479622 |
|  |  | &nbsp;&nbsp;&nbsp; 5857882 |
| **Hand/Machine Tools — 0.1%** | **Hand/Machine Tools — 0.1%** | **Hand/Machine Tools — 0.1%** |
| Dynamo Newco II GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 6.921%, 1M TSFR + 3.250%, <br> 09/30/31<br>| 2962575 | &nbsp;&nbsp;&nbsp; 2599660 |
| **Healthcare-Products — 0.3%** | **Healthcare-Products — 0.3%** | **Healthcare-Products — 0.3%** |
| Hologic, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 USD Term Loan B, 01/14/33 (j) | 3980000 | &nbsp;&nbsp;&nbsp; 3934998 |
| Medline Borrower LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.418%, 1M TSFR + 1.750%, <br> 10/23/28<br>| 679584 | &nbsp;&nbsp;&nbsp; 681124 |
|  |  | &nbsp;&nbsp;&nbsp; 4616122 |
| **Healthcare-Services — 0.9%** | **Healthcare-Services — 0.9%** | **Healthcare-Services — 0.9%** |
| Aveanna Healthcare LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 7.418%, 1M TSFR + 3.750%, <br> 09/17/32<br>| 2726300 | &nbsp;&nbsp;&nbsp; 2727366 |
| Knight Health Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 9.032%, 1M TSFR + 5.250%, 12/23/28 | 1380282 | &nbsp;&nbsp;&nbsp; 980000 |
| LifePoint Health, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B, 7.422%, 3M TSFR + 3.750%, <br> 05/19/31<br>| 2861576 | &nbsp;&nbsp;&nbsp; 2865690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Incremental Term Loan B1, 7.152%, 3M TSFR + <br> 3.500%, 05/19/31<br>| 1290391 | &nbsp;&nbsp;&nbsp; 1291197 |
| MPH Acquisition Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Second Out Term Loan, 8.528%, 3M TSFR + <br> 4.600%, 12/31/30<br>| 1943780 | &nbsp;&nbsp;&nbsp; 1729964 |
| Phoenix Guarantor, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 6.168%, 1M TSFR + 2.500%, <br> 02/21/31<br>| 1119667 | &nbsp;&nbsp;&nbsp; 1121125 |
| Sotera Health Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.168%, 1M TSFR + 2.500%, <br> 05/30/31<br>| 2121248 | &nbsp;&nbsp;&nbsp; 2125890 |
| Team Services Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 01/31/33 (j) | 2690000 | &nbsp;&nbsp;&nbsp; 2557601 |
|  |  | &nbsp;&nbsp;&nbsp; 15398833 |
| **Holding Companies-Diversified — 0.2%** | **Holding Companies-Diversified — 0.2%** | **Holding Companies-Diversified — 0.2%** |
| GC Ferry Acquisition I, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, 08/16/32 (k) | 463750 | &nbsp;&nbsp;&nbsp; 457953 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 7.200%, 3M TSFR + 3.500%, 08/16/32 | 2709459 | &nbsp;&nbsp;&nbsp; 2675591 |
|  |  | &nbsp;&nbsp;&nbsp; 3133544 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Home Furnishings — 0.1%** | **Home Furnishings — 0.1%** | **Home Furnishings — 0.1%** |
| AI Aqua Merger Sub, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 6.161% - 6.381%, 1M TSFR + <br> 2.500%, 3M TSFR + 2.500%, 07/31/28 (l)<br>| 1310881 | &nbsp;&nbsp;&nbsp; $1308125 |
| **Insurance — 0.9%** | **Insurance — 0.9%** | **Insurance — 0.9%** |
| Acrisure LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B6, 6.668%, 1M TSFR + <br> 3.000%, 11/06/30<br>| 2409355 | &nbsp;&nbsp;&nbsp; 2340086 |
| AmWINS Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 5.668%, 1M TSFR + 2.000%, <br> 01/30/32<br>| 3815434 | &nbsp;&nbsp;&nbsp; 3792580 |
| Asurion LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Second Lien Term Loan B4, 9.032%, 1M TSFR + <br> 5.250%, 01/20/29<br>| 569159 | &nbsp;&nbsp;&nbsp; 565886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B14, 02/23/33 (j) | 1570000 | &nbsp;&nbsp;&nbsp; 1519368 |
| Broadstreet Partners, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B4, 6.168%, 1M TSFR + 2.500%, <br> 06/13/31<br>| 1855823 | &nbsp;&nbsp;&nbsp; 1811979 |
| Hyperion Insurance Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.418%, 1M TSFR + 2.750%, <br> 04/18/30<br>| 914209 | &nbsp;&nbsp;&nbsp; 893512 |
| Sedgwick Claims Management Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan B, 6.168%, 1M TSFR + 2.500%, <br> 07/31/31<br>| 3532568 | &nbsp;&nbsp;&nbsp; 3471380 |
| Truist Insurance Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 6.450%, 3M TSFR + 2.750%, <br> 05/06/31<br>| 1769758 | &nbsp;&nbsp;&nbsp; 1747194 |
|  |  | &nbsp;&nbsp;&nbsp; 16141985 |
| **Internet — 0.1%** | **Internet — 0.1%** | **Internet — 0.1%** |
| Gen Digital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 5.418%, 1M TSFR + 1.750%, <br> 09/12/29<br>| 2271047 | &nbsp;&nbsp;&nbsp; 2252122 |
| **Investment Companies — 0.2%** | **Investment Companies — 0.2%** | **Investment Companies — 0.2%** |
| NEXUS Buyer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Incremental Term Loan, 7.668%, 1M TSFR + <br> 4.000%, 07/31/31<br>| 1373100 | &nbsp;&nbsp;&nbsp; 1331417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 7.168%, 1M TSFR + 3.500%, <br> 07/31/31<br>| 3124679 | &nbsp;&nbsp;&nbsp; 3016618 |
|  |  | &nbsp;&nbsp;&nbsp; 4348035 |
| **Leisure Time — 0.3%** | **Leisure Time — 0.3%** | **Leisure Time — 0.3%** |
| Kingpin Intermediate Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.918%, 1M TSFR + 3.250%, <br> 09/22/32<br>| 5506200 | &nbsp;&nbsp;&nbsp; 5038173 |
| **Media — 0.4%** | **Media — 0.4%** | **Media — 0.4%** |
| Gray Television, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan D, 6.782%, 1M TSFR + 3.000%, <br> 12/01/28<br>| 1067650 | &nbsp;&nbsp;&nbsp; 1068786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 8.918%, 1M TSFR + 5.250%, <br> 06/04/29<br>| 30200 | &nbsp;&nbsp;&nbsp; 30257 |
| Learfield Communications LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 8.168%, 1M TSFR + 4.500%, <br> 06/30/28<br>| 1970260 | &nbsp;&nbsp;&nbsp; 1978058 |
| Nexstar Broadcasting, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B7, 03/18/33 (j) | 2700000 | &nbsp;&nbsp;&nbsp; 2676615 |

---

**BHFTII-282**

------

**Brighthouse Funds Trust II**

**Western Asset Management Strategic Bond Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Floating Rate Loans (i)—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Media—(Continued)** | **Media—(Continued)** | **Media—(Continued)** |
| Univision Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 7.282%, 1M TSFR + 3.500%, <br> 01/31/29<br>| 599325 | &nbsp;&nbsp;&nbsp; $594643 |
|  |  | &nbsp;&nbsp;&nbsp; 6348359 |
| **Packaging & Containers — 0.2%** | **Packaging & Containers — 0.2%** | **Packaging & Containers — 0.2%** |
| Clydesdale Acquisition Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 04/01/32 (j) | 1436382 | &nbsp;&nbsp;&nbsp; 1344014 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 04/13/29 (j) | 1480000 | &nbsp;&nbsp;&nbsp; 1415250 |
|  |  | &nbsp;&nbsp;&nbsp; 2759264 |
| **Pharmaceuticals — 0.2%** | **Pharmaceuticals — 0.2%** | **Pharmaceuticals — 0.2%** |
| Bausch Health Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 9.918%, 1M TSFR + 6.250%, <br> 10/08/30<br>| 1488750 | &nbsp;&nbsp;&nbsp; 1439667 |
| Gainwell Acquisition Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 7.800%, 3M TSFR + 4.000%, 10/01/27 | 2850260 | &nbsp;&nbsp;&nbsp; 2769384 |
|  |  | &nbsp;&nbsp;&nbsp; 4209051 |
| **Real Estate Investment Trusts — 0.4%** | **Real Estate Investment Trusts — 0.4%** | **Real Estate Investment Trusts — 0.4%** |
| KREF Holdings X LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 6.178%, 1M TSFR + 2.500%, <br> 03/05/32<br>| 3210738 | &nbsp;&nbsp;&nbsp; 3191672 |
| Starwood Property Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 5.418%, 1M TSFR + <br> 1.750%, 11/18/27<br>| 1907777 | &nbsp;&nbsp;&nbsp; 1907777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.918%, 1M TSFR + 2.250%, <br> 09/24/32<br>| 2039750 | &nbsp;&nbsp;&nbsp; 2045700 |
|  |  | &nbsp;&nbsp;&nbsp; 7145149 |
| **Retail — 1.3%** | **Retail — 1.3%** | **Retail — 1.3%** |
| Harbor Freight Tools USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 5.918%, 1M TSFR + 2.250%, <br> 06/11/31<br>| 2377557 | &nbsp;&nbsp;&nbsp; 2355838 |
| Kodiak Building Partners, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 9.500%, PRIME + 2.750%, 12/04/31 | 1870000 | &nbsp;&nbsp;&nbsp; 1872338 |
| Michaels Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 8.669%, 3M TSFR + 5.000%, <br> 03/15/33<br>| 4300000 | &nbsp;&nbsp;&nbsp; 4172793 |
| Peer Holding III B.V. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 5.950%, 3M TSFR + 2.250%, <br> 10/14/32<br>| 1160000 | &nbsp;&nbsp;&nbsp; 1151481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B4B, 6.200%, 3M TSFR + 2.500%, <br> 10/28/30<br>| 1907570 | &nbsp;&nbsp;&nbsp; 1908524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B5B, 6.200%, 3M TSFR + 2.500%, <br> 07/01/31<br>| 2616875 | &nbsp;&nbsp;&nbsp; 2619055 |
| Petco Health & Wellness Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 7.950%, 3M TSFR + 4.250%, <br> 02/03/31<br>| 3340000 | &nbsp;&nbsp;&nbsp; 3271112 |
| Spencer Spirit IH LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 7.676%, 1M TSFR + 4.000%, <br> 07/15/31<br>| 2958555 | &nbsp;&nbsp;&nbsp; 2968422 |
| Thermostat Purchaser III, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 7.950%, 3M TSFR + 4.250%, <br> 08/31/28<br>| 2285755 | &nbsp;&nbsp;&nbsp; 2240040 |
|  |  | &nbsp;&nbsp;&nbsp; 22559603 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Software — 2.0%** | **Software — 2.0%** | **Software — 2.0%** |
| Athenahealth Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan B, 6.418%, 1M TSFR + 2.750%, <br> 02/15/29<br>| 1855315 | &nbsp;&nbsp;&nbsp; $1825498 |
| Calabrio, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 First Out Term Loan, 7.673%, 3M TSFR + 4.000%, <br> 11/26/32<br>| 1160000 | &nbsp;&nbsp;&nbsp; 921475 |
| Cloud Software Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B (2031), 6.950%, 3M TSFR + 3.250%, <br> 03/21/31<br>| 2792982 | &nbsp;&nbsp;&nbsp; 2566053 |
| Cloudera, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan, 7.518%, 1M TSFR + 3.750%, <br> 10/08/28<br>| 2504756 | &nbsp;&nbsp;&nbsp; 2238000 |
| Cotiviti Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 2nd Amendment Term Loan, 6.418%, 1M TSFR + <br> 2.750%, 03/26/32<br>| 4009700 | &nbsp;&nbsp;&nbsp; 3703960 |
| Darktrace PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1st Lien Term Loan, 6.898%, 3M TSFR + 3.250%, <br> 10/09/31<br>| 2925863 | &nbsp;&nbsp;&nbsp; 2807261 |
| Dayforce, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan, 6.663%, 3M TSFR + 3.000%, <br> 02/04/33<br>| 4840000 | &nbsp;&nbsp;&nbsp; 4593160 |
| DCert Buyer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 2nd Lien Term Loan, 10.668%, 1M TSFR + 7.000%, <br> 02/19/29<br>| 1927036 | &nbsp;&nbsp;&nbsp; 1488635 |
| Electronic Arts, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; USD Term Loan B, 03/24/33 (j) | 1220000 | &nbsp;&nbsp;&nbsp; 1214281 |
| Evertec Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan B, 5.918%, 1M TSFR + 2.250%, <br> 10/30/30<br>| 2531265 | &nbsp;&nbsp;&nbsp; 2526519 |
| Modena Buyer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 7.917%, 3M TSFR + 4.250%, 07/01/31 | 3093325 | &nbsp;&nbsp;&nbsp; 2787216 |
| Planview Parent, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan, 7.200%, 3M TSFR + 3.500%, <br> 12/17/27<br>| 1476809 | &nbsp;&nbsp;&nbsp; 1112222 |
| Project Alpha Intermediate Holding, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B, 6.950%, 3M TSFR + 3.250%, <br> 10/26/30<br>| 345614 | &nbsp;&nbsp;&nbsp; 263206 |
| Relativity ODA LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 6.418%, 1M TSFR + 2.750%, <br> 01/30/33<br>| 960000 | &nbsp;&nbsp;&nbsp; 951600 |
| SolarWinds Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 7.674%, 3M TSFR + 4.000%, <br> 04/16/32<br>| 4793501 | &nbsp;&nbsp;&nbsp; 4066485 |
| SS&C Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B8, 5.668%, 1M TSFR + 2.000%, <br> 05/09/31<br>| 2300445 | &nbsp;&nbsp;&nbsp; 2295926 |
|  |  | &nbsp;&nbsp;&nbsp; 35361497 |
| **Telecommunications — 0.2%** | **Telecommunications — 0.2%** | **Telecommunications — 0.2%** |
| QualityTech LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 7.173%, 1M TSFR + 3.500%, 10/30/31 | 4118400 | &nbsp;&nbsp;&nbsp; 4113252 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Floating Rate Loans <br>(Cost $247,392,957) <br>|  | &nbsp;&nbsp;&nbsp; 237076368 |

---

**BHFTII-283**

------

**Brighthouse Funds Trust II**

**Western Asset Management Strategic Bond Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Asset-Backed Securities—10.4%**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Home Equity — 0.2%** | **Asset-Backed - Home Equity — 0.2%** | **Asset-Backed - Home Equity — 0.2%** |
| WaMu Asset-Backed Certificates WaMu Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.963%, 1M TSFR + 0.284%, 07/25/47 (b) | 5570773 | &nbsp;&nbsp;&nbsp; $4235863 |
| **Asset-Backed - Manufactured Housing — 0.3%** | **Asset-Backed - Manufactured Housing — 0.3%** | **Asset-Backed - Manufactured Housing — 0.3%** |
| Conseco Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.020%, 05/01/31 (b) | 14893220 | &nbsp;&nbsp;&nbsp; 3411708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.700%, 05/01/31 (b) | 6699565 | &nbsp;&nbsp;&nbsp; 1659449 |
| Origen Manufactured Housing Contract Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.072%, 04/15/37 (b) | 114084 | &nbsp;&nbsp;&nbsp; 104897 |
| UCFC Manufactured Housing Contract |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.095%, 04/15/29 (b) | 232280 | &nbsp;&nbsp;&nbsp; 223214 |
|  |  | &nbsp;&nbsp;&nbsp; 5399268 |
| **Asset-Backed - Other — 9.3%** | **Asset-Backed - Other — 9.3%** | **Asset-Backed - Other — 9.3%** |
| 720 East CLO VII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.418%, 3M TSFR + 4.750%, 04/20/37 (144A) (b) | 4210000 | &nbsp;&nbsp;&nbsp; 3998330 |
| Abry Liquid Credit CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.835%, 3M TSFR + 3.150%, 01/15/39 (144A) (b) | 3140000 | &nbsp;&nbsp;&nbsp; 3087141 |
| AGL CLO 17 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.320%, 3M TSFR + 4.650%, 01/21/35 (144A) (b) | 2570000 | &nbsp;&nbsp;&nbsp; 2314090 |
| AGL CLO 44 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.581%, 3M TSFR + 4.750%, 10/22/37 (144A) (b) | 3630000 | &nbsp;&nbsp;&nbsp; 3528785 |
| AIMCO CLO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.268%, 3M TSFR + 2.600%, 10/17/38 (144A) (b) | 3500000 | &nbsp;&nbsp;&nbsp; 3450944 |
| AMMC CLO 27 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.368%, 3M TSFR + 2.700%, 01/20/37 (144A) (b) | 1580000 | &nbsp;&nbsp;&nbsp; 1554048 |
| AMMC CLO 30 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.243%, 3M TSFR + 2.650%, 04/15/39 (144A) (b) | 2510000 | &nbsp;&nbsp;&nbsp; 2454732 |
| Apex Credit CLO LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.418%, 3M TSFR + 3.750%, 10/20/34 (144A) (b) | 1575000 | &nbsp;&nbsp;&nbsp; 1475813 |
| Applebee's Funding LLC/IHOP Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.720%, 06/07/55 (144A) | 3000000 | &nbsp;&nbsp;&nbsp; 3000667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.824%, 03/05/53 (144A) | 2000000 | &nbsp;&nbsp;&nbsp; 2016133 |
| Arini U.S. CLO III Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.170%, 3M TSFR + 5.250%, 01/15/39 (144A) (b) | 2490000 | &nbsp;&nbsp;&nbsp; 2454527 |
| Bear Stearns Asset-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/25/36 | 849579 | &nbsp;&nbsp;&nbsp; 242023 |
| Black Diamond CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.318%, 3M TSFR + 1.650%, 10/25/37 (144A) (b) | 5000000 | &nbsp;&nbsp;&nbsp; 5003465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.569%, 3M TSFR + 3.900%, 11/22/34 (144A) (b) | 3720000 | &nbsp;&nbsp;&nbsp; 3692751 |
| Blueberry Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.568%, 3M TSFR + 2.900%, 10/20/37 (144A) (b) | 2640000 | &nbsp;&nbsp;&nbsp; 2592031 |
| Capital Four U.S. CLO I Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.915%, 3M TSFR + 3.250%, 01/18/35 (144A) (b) | 3630000 | &nbsp;&nbsp;&nbsp; 3576933 |
| Capital Four U.S. CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.008%, 3M TSFR + 3.250%, 10/18/38 (144A) (b) | 3130000 | &nbsp;&nbsp;&nbsp; 3108534 |
| Captree Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.918%, 3M TSFR + 3.250%, 07/20/37 (144A) (b) | 1610000 | &nbsp;&nbsp;&nbsp; 1581564 |
| CarVal CLO XI C Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.668%, 3M TSFR + 3.000%, 10/20/37 (144A) (b) | 3820000 | &nbsp;&nbsp;&nbsp; 3766608 |
| CIFC Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.368%, 3M TSFR + 3.700%, 04/20/37 (144A) (b) | 1340000 | &nbsp;&nbsp;&nbsp; 1327844 |
| Columbia Cent CLO 35 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.168%, 3M TSFR + 3.500%, 07/25/36 (144A) (b) | 2400000 | &nbsp;&nbsp;&nbsp; 2400302 |
| Dividend Solar Loans LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.670%, 08/22/39 (144A) | 1734316 | &nbsp;&nbsp;&nbsp; 1613256 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| Dryden 113 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.672%, 3M TSFR + 3.000%, 10/15/37 (144A) (b) | 3250000 | &nbsp;&nbsp;&nbsp; $3207360 |
| Flatiron CLO 28 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.272%, 3M TSFR + 4.600%, 07/15/36 (144A) (b) | 1540000 | &nbsp;&nbsp;&nbsp; 1456866 |
| Fortress Credit BSL XII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.064%, 3M TSFR + 7.392%, 10/15/34 (144A) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1627066 |
| Galaxy XXII CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.463%, 3M TSFR + 2.500%, 04/16/34 (144A) (b) | 3510000 | &nbsp;&nbsp;&nbsp; 3350060 |
| Greystone CRE Notes HC-4 LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.913%, 1M TSFR + 2.240%, 10/15/42 (144A) (b) | 4800000 | &nbsp;&nbsp;&nbsp; 4818708 |
| Greywolf CLO IV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.168%, 3M TSFR + 3.500%, 04/17/34 (144A) (b) | 1860000 | &nbsp;&nbsp;&nbsp; 1843541 |
| HalseyPoint CLO 3 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.147%, 3M TSFR + 1.480%, 07/30/37 (144A) (b) | 2110000 | &nbsp;&nbsp;&nbsp; 2109023 |
| Hartwick Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.518%, 3M TSFR + 4.850%, 01/20/37 (144A) (b) | 885000 | &nbsp;&nbsp;&nbsp; 811271 |
| Hayfin U.S. XV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.931%, 3M TSFR + 4.260%, 04/28/37 (144A) (b) | 2970000 | &nbsp;&nbsp;&nbsp; 2966383 |
| Jamestown CLO IX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.918%, 3M TSFR + 3.250%, 07/25/34 (144A) (b) | 2660000 | &nbsp;&nbsp;&nbsp; 2567993 |
| Katayma CLO II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.168%, 3M TSFR + 4.500%, 04/20/37 (144A) (b) | 1200000 | &nbsp;&nbsp;&nbsp; 1198540 |
| Kinetic ABS Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.653%, 02/25/56 (144A) | 3000000 | &nbsp;&nbsp;&nbsp; 3023286 |
| Lighthouse Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.571%, 3M TSFR + 4.650%, 10/24/37 (144A) (b) | 1860000 | &nbsp;&nbsp;&nbsp; 1788185 |
| Lunar Structured Aircraft Portfolio Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.682%, 10/15/46 (144A) | 822768 | &nbsp;&nbsp;&nbsp; 801050 |
| Madison Park Funding XXIV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.618%, 3M TSFR + 2.950%, 10/20/29 (144A) (b) | 2460000 | &nbsp;&nbsp;&nbsp; 2451678 |
| Magnetite XXII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.572%, 3M TSFR + 2.900%, 07/15/36 (144A) (b) | 1830000 | &nbsp;&nbsp;&nbsp; 1823595 |
| Magnetite XXXII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.272%, 3M TSFR + 4.600%, 10/15/37 (144A) (b) | 3980000 | &nbsp;&nbsp;&nbsp; 3805509 |
| MF1 LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 1M TSFR + 1.320%, 02/18/40 (144A) (b) | 3860000 | &nbsp;&nbsp;&nbsp; 3860668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.421%, 1M TSFR + 2.741%, 02/18/40 (144A) (b) | 1410000 | &nbsp;&nbsp;&nbsp; 1410759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.170%, 1M TSFR + 3.490%, 02/18/40 (144A) (b) | 1340000 | &nbsp;&nbsp;&nbsp; 1341021 |
| Mountain View CLO XIX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.228%, 3M TSFR + 3.400%, 10/17/38 (144A) (b) | 2610000 | &nbsp;&nbsp;&nbsp; 2613197 |
| Navesink CLO 2 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.322%, 3M TSFR + 3.650%, 01/15/36 (144A) (b) | 3000000 | &nbsp;&nbsp;&nbsp; 3006024 |
| New Mountain CLO 5 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.818%, 3M TSFR + 3.150%, 07/20/36 (144A) (b) | 2690000 | &nbsp;&nbsp;&nbsp; 2666834 |
| Obra CLO 3 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.859%, 3M TSFR + 3.200%, 01/20/39 (144A) (b) | 2550000 | &nbsp;&nbsp;&nbsp; 2530875 |
| Ocean Trails CLO X |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.972%, 3M TSFR + 1.300%, 10/15/34 (144A) (b) | 5500000 | &nbsp;&nbsp;&nbsp; 5493262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.504%, 3M TSFR + 7.832%, 10/15/34 (144A) (b) | 4000000 | &nbsp;&nbsp;&nbsp; 3264484 |
| Octagon Investment Partners 47 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.669%, 3M TSFR + 6.000%, 01/22/38 (144A) (b) | 2680000 | &nbsp;&nbsp;&nbsp; 2581440 |
| OHA Credit Funding 11 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.518%, 3M TSFR + 2.850%, 07/19/37 (144A) (b) | 3150000 | &nbsp;&nbsp;&nbsp; 3145940 |
| OHA Credit Funding 19 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.568%, 3M TSFR + 2.900%, 07/20/37 (144A) (b) | 1000000 | &nbsp;&nbsp;&nbsp; 995209 |

---

**BHFTII-284**

------

**Brighthouse Funds Trust II**

**Western Asset Management Strategic Bond Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Asset-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| Palmer Square CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.618%, 3M TSFR + 2.950%, 07/20/37 (144A) (b) | 4460000 | &nbsp;&nbsp;&nbsp; $4338353 |
| Palmer Square Loan Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.410%, 3M TSFR + 3.750%, 10/15/32 (144A) (b) | 2550000 | &nbsp;&nbsp;&nbsp; 2517459 |
| Phantom Aviation |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.027%, 01/15/51 (144A) | 1683818 | &nbsp;&nbsp;&nbsp; 1655052 |
| Pioneer Aircraft Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.967%, 06/15/44 (144A) | 487635 | &nbsp;&nbsp;&nbsp; 486432 |
| Point Broadband Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.156%, 07/20/55 (144A) | 1500000 | &nbsp;&nbsp;&nbsp; 1528933 |
| RR 18 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.572%, 3M TSFR + 4.900%, 07/15/40 (144A) (b) | 3913000 | &nbsp;&nbsp;&nbsp; 3835241 |
| Structured Asset Securities Corp. Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.013%, 1M TSFR + 0.334%, 02/25/36 (144A) (b) | 2520872 | &nbsp;&nbsp;&nbsp; 42598 |
| Symphony CLO XIX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.893%, 3M TSFR + 1.222%, 04/16/31 (144A) (b) | 349434 | &nbsp;&nbsp;&nbsp; 349435 |
| TCI-Symphony CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.663%, 3M TSFR + 7.012%, 10/13/32 (144A) (b) | 6440000 | &nbsp;&nbsp;&nbsp; 5679494 |
| Trinitas CLO XXVII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.968%, 3M TSFR + 4.300%, 04/18/37 (144A) (b) | 3660000 | &nbsp;&nbsp;&nbsp; 3665530 |
| Valley Stream Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.368%, 3M TSFR + 2.700%, 01/20/37 (144A) (b) | 2425000 | &nbsp;&nbsp;&nbsp; 2337438 |
| Warwick Capital CLO 3 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.168%, 3M TSFR + 4.500%, 04/20/37 (144A) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2001126 |
| Wellesley Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.508%, 3M TSFR + 4.600%, 01/24/39 (144A) (b) | 1860000 | &nbsp;&nbsp;&nbsp; 1798505 |
| Whitebox CLO V Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.518%, 3M TSFR + 2.850%, 07/20/38 (144A) (b) | 2680000 | &nbsp;&nbsp;&nbsp; 2668428 |
|  |  | &nbsp;&nbsp;&nbsp; 163704372 |
| **Asset-Backed - Student Loan — 0.6%** | **Asset-Backed - Student Loan — 0.6%** | **Asset-Backed - Student Loan — 0.6%** |
| Bayview Opportunity Master Fund VII LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.912%, SOFR30A + 2.250%, 07/27/48 (144A) (b) | 3609096 | &nbsp;&nbsp;&nbsp; 3599991 |
| College Avenue Student Loans LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.060%, 05/25/55 (144A) | 2138074 | &nbsp;&nbsp;&nbsp; 2170821 |
| National Collegiate Student Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.083%, 1M TSFR + 0.404%, 01/25/33 (b) | 825505 | &nbsp;&nbsp;&nbsp; 812643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.133%, 1M TSFR + 0.454%, 05/25/32 (b) | 4600000 | &nbsp;&nbsp;&nbsp; 2597752 |
| SMB Private Education Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.860%, 01/15/53 (144A) | 2113885 | &nbsp;&nbsp;&nbsp; 1909416 |
|  |  | &nbsp;&nbsp;&nbsp; 11090623 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities <br>(Cost $192,057,180) <br>|  | &nbsp;&nbsp;&nbsp; 184430126 |
| **Agency Sponsored Mortgage-Backed Securities—5.2% of Net Assets** | **Agency Sponsored Mortgage-Backed Securities—5.2% of Net Assets** | **Agency Sponsored Mortgage-Backed Securities—5.2% of Net Assets** |
| **Agency Collateralized Mortgage Obligations — 4.1%** | **Agency Collateralized Mortgage Obligations — 4.1%** | **Agency Collateralized Mortgage Obligations — 4.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Seasoned Credit Risk <br> Transfer Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 11/25/59 (144A) (b) | 3740105 | &nbsp;&nbsp;&nbsp; 3636497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 05/25/60 (144A) (b) | 4710000 | &nbsp;&nbsp;&nbsp; 4605762 |
| Federal Home Loan Mortgage Corp. STACR REMICS Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.772%, SOFR30A + 2.100%, 03/25/46 (144A) (b) | 4530000 | &nbsp;&nbsp;&nbsp; 4524013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.662%, SOFR30A + 3.000%, 12/25/50 (144A) (b) | 8290000 | &nbsp;&nbsp;&nbsp; 8782660 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Collateralized Mortgage Obligations—(Continued)** | **Agency Collateralized Mortgage Obligations—(Continued)** | **Agency Collateralized Mortgage Obligations—(Continued)** |
| Federal Home Loan Mortgage Corp. STACR REMICS Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.712%, SOFR30A + 3.050%, 01/25/34 (144A) (b) | 4750000 | &nbsp;&nbsp;&nbsp; $5059559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.412%, SOFR30A + 3.750%, 02/25/42 (144A) (b) | 2717000 | &nbsp;&nbsp;&nbsp; 2773061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.412%, SOFR30A + 4.750%, 02/25/42 (144A) (b) | 1090000 | &nbsp;&nbsp;&nbsp; 1115549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.412%, SOFR30A + 4.750%, 01/25/51 (144A) (b) | 1490000 | &nbsp;&nbsp;&nbsp; 1662026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.412%, SOFR30A + 5.750%, 09/25/42 (144A) (b) | 3780000 | &nbsp;&nbsp;&nbsp; 4019899 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal National Mortgage Association Connecticut Avenue <br> Securities Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.162%, SOFR30A + 2.500%, 10/25/43 (144A) (b) | 1810000 | &nbsp;&nbsp;&nbsp; 1842005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.162%, SOFR30A + 2.500%, 02/25/44 (144A) (b) | 1100000 | &nbsp;&nbsp;&nbsp; 1113024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.362%, SOFR30A + 2.700%, 01/25/44 (144A) (b) | 4650000 | &nbsp;&nbsp;&nbsp; 4726933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.762%, SOFR30A + 3.100%, 10/25/41 (144A) (b) | 7990000 | &nbsp;&nbsp;&nbsp; 8065619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.026%, SOFR30A + 3.364%, 01/25/40 (144A) (b) | 3590000 | &nbsp;&nbsp;&nbsp; 3638377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.176%, SOFR30A + 3.514%, 10/25/39 (144A) (b) | 8407546 | &nbsp;&nbsp;&nbsp; 8493041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.562%, SOFR30A + 3.900%, 07/25/43 (144A) (b) | 1470000 | &nbsp;&nbsp;&nbsp; 1529473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.876%, SOFR30A + 4.214%, 07/25/39 (144A) (b) | 3507019 | &nbsp;&nbsp;&nbsp; 3535454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.662%, SOFR30A + 7.000%, 04/25/42 (144A) (b) | 3470000 | &nbsp;&nbsp;&nbsp; 3656875 |
|  |  | &nbsp;&nbsp;&nbsp; 72779827 |
| **Agency Mortgage-Backed Securities — 1.1%** | **Agency Mortgage-Backed Securities — 1.1%** | **Agency Mortgage-Backed Securities — 1.1%** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 05/01/41 | 606580 | &nbsp;&nbsp;&nbsp; 514360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 07/01/41 | 480795 | &nbsp;&nbsp;&nbsp; 406759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/35 | 1673774 | &nbsp;&nbsp;&nbsp; 1597828 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured <br> Credit Risk<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.412%, SOFR30A + 2.750%, 11/25/45 (144A) (b) | 4510000 | &nbsp;&nbsp;&nbsp; 4504647 |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/41 | 1801626 | &nbsp;&nbsp;&nbsp; 1624845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/51 | 184330 | &nbsp;&nbsp;&nbsp; 160127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/01/51 | 1029863 | &nbsp;&nbsp;&nbsp; 880785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/49 | 32165 | &nbsp;&nbsp;&nbsp; 31534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/58 | 54656 | &nbsp;&nbsp;&nbsp; 52772 |
| FREMF Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.069%, SOFR30A + 6.400%, 07/25/31 (144A) (b) | 1714205 | &nbsp;&nbsp;&nbsp; 1580169 |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/20/51 | 696450 | &nbsp;&nbsp;&nbsp; 570192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/20/51 | 234522 | &nbsp;&nbsp;&nbsp; 201321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/20/50 | 393233 | &nbsp;&nbsp;&nbsp; 365290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/20/50 | 740680 | &nbsp;&nbsp;&nbsp; 729026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/20/50 | 129712 | &nbsp;&nbsp;&nbsp; 127378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/20/52 | 427932 | &nbsp;&nbsp;&nbsp; 426122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/20/53 | 263233 | &nbsp;&nbsp;&nbsp; 267179 |
| Government National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.494%, 07/16/58 (b) (h) | 603825 | &nbsp;&nbsp;&nbsp; 13694 |
| Multifamily Connecticut Avenue Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.026%, SOFR30A + 3.364%, 10/25/49 (144A) (b) | 2027225 | &nbsp;&nbsp;&nbsp; 2056887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.526%, SOFR30A + 3.864%, 03/25/50 (144A) (b) | 3150826 | &nbsp;&nbsp;&nbsp; 3197660 |
|  |  | &nbsp;&nbsp;&nbsp; 19308575 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Agency Sponsored Mortgage-Backed Securities <br>(Cost $92,079,653) <br>|  | &nbsp;&nbsp;&nbsp; 92088402 |

---

**BHFTII-285**

------

**Brighthouse Funds Trust II**

**Western Asset Management Strategic Bond Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Foreign Government—4.7%**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Regional Government — 0.4%** | **Regional Government — 0.4%** | **Regional Government — 0.4%** |
| Provincia de Buenos Aires/Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 09/01/37 (144A) (e) | 4941497 | &nbsp;&nbsp;&nbsp; $3718477 |
| Provincia de Cordoba |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 07/02/32 (144A) | 2733000 | &nbsp;&nbsp;&nbsp; 2794902 |
|  |  | &nbsp;&nbsp;&nbsp; 6513379 |
| **Sovereign — 4.3%** | **Sovereign — 4.3%** | **Sovereign — 4.3%** |
| Angola Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 11/26/29 (144A) | 2100000 | &nbsp;&nbsp;&nbsp; 2073335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 04/14/32 (144A) (a) | 1520000 | &nbsp;&nbsp;&nbsp; 1476783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.125%, 11/26/49 | 1710000 | &nbsp;&nbsp;&nbsp; 1489090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.375%, 03/31/33 (144A) | 2800000 | &nbsp;&nbsp;&nbsp; 2766484 |
| Bahamas Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 06/24/36 (144A) | 3000000 | &nbsp;&nbsp;&nbsp; 3200490 |
| Brazil Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/07/26 | 2770000 | &nbsp;&nbsp;&nbsp; 2770970 |
| Brazil Notas do Tesouro Nacional |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 01/01/31 (BRL) | 56781000 | &nbsp;&nbsp;&nbsp; 9577167 |
| Dominican Republic International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/30/30 | 900000 | &nbsp;&nbsp;&nbsp; 854145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 09/23/32 | 4020000 | &nbsp;&nbsp;&nbsp; 3700008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/22/29 (144A) | 2100000 | &nbsp;&nbsp;&nbsp; 2079945 |
| Ecuador Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 01/29/34 (144A) | 1720000 | &nbsp;&nbsp;&nbsp; 1685600 |
| Egypt Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 02/16/31 | 510000 | &nbsp;&nbsp;&nbsp; 468867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.053%, 01/15/32 | 1940000 | &nbsp;&nbsp;&nbsp; 1833245 |
| El Salvador Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 04/17/30 (144A) | 1180000 | &nbsp;&nbsp;&nbsp; 1224474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.650%, 11/21/54 (144A) | 2370000 | &nbsp;&nbsp;&nbsp; 2507934 |
| Ethiopia International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 12/11/24 | 1500000 | &nbsp;&nbsp;&nbsp; 1530000 |
| Ghana Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/03/26 (144A) | 11360 | &nbsp;&nbsp;&nbsp; 11140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/03/29 (144A) (e) | 565372 | &nbsp;&nbsp;&nbsp; 538348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/03/35 (144A) (e) | 929160 | &nbsp;&nbsp;&nbsp; 791344 |
| Ivory Coast Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 01/30/33 (144A) | 6250000 | &nbsp;&nbsp;&nbsp; 6360118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 01/30/37 (144A) | 1720000 | &nbsp;&nbsp;&nbsp; 1764711 |
| Jamaica Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.625%, 11/03/30 (JMD) | 227000000 | &nbsp;&nbsp;&nbsp; 1502301 |
| Jordan Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 01/13/29 | 2340000 | &nbsp;&nbsp;&nbsp; 2402953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 01/15/28 (144A) | 3150000 | &nbsp;&nbsp;&nbsp; 3214009 |
| Mexico Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/07/36 (a) | 4330000 | &nbsp;&nbsp;&nbsp; 4300340 |
| Mozambique International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 09/15/31 (e) | 1240000 | &nbsp;&nbsp;&nbsp; 928353 |
| Nigeria Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.143%, 02/23/30 | 2600000 | &nbsp;&nbsp;&nbsp; 2617769 |
| Paraguay Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.650%, 03/04/55 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 207480 |
| Republic of Kenya Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.300%, 01/23/34 | 1220000 | &nbsp;&nbsp;&nbsp; 1012497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 02/16/31 (144A) | 2610000 | &nbsp;&nbsp;&nbsp; 2678027 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***/<br> **Shares**<br>| <br>**Value**<br>|
| **Sovereign—(Continued)** | **Sovereign—(Continued)** | **Sovereign—(Continued)** |
| Republic of Uzbekistan International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 10/19/31 | 1650000 | &nbsp;&nbsp;&nbsp; $1488569 |
| Romania Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 02/10/37 (144A) | 2190000 | &nbsp;&nbsp;&nbsp; 2311979 |
| Senegal Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 05/23/33 | 1520000 | &nbsp;&nbsp;&nbsp; 805029 |
| Sri Lanka Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 01/15/30 (144A) (e) | 163672 | &nbsp;&nbsp;&nbsp; 150332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.350%, 03/15/33 (144A) (e) | 321040 | &nbsp;&nbsp;&nbsp; 267948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 06/15/35 (144A) (e) | 216776 | &nbsp;&nbsp;&nbsp; 163608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 05/15/36 (144A) (e) | 150447 | &nbsp;&nbsp;&nbsp; 133647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 02/15/38 (144A) (e) | 301021 | &nbsp;&nbsp;&nbsp; 265648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/15/28 (144A) | 152952 | &nbsp;&nbsp;&nbsp; 145867 |
| Ukraine Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 02/01/30 (e) | 23994 | &nbsp;&nbsp;&nbsp; 14038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/34 (e) | 612820 | &nbsp;&nbsp;&nbsp; 262220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/35 (e) | 517876 | &nbsp;&nbsp;&nbsp; 239938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/36 (e) | 431563 | &nbsp;&nbsp;&nbsp; 200087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/34 (e) | 600436 | &nbsp;&nbsp;&nbsp; 320203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/35 (e) | 1050764 | &nbsp;&nbsp;&nbsp; 550033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/36 (e) | 1350982 | &nbsp;&nbsp;&nbsp; 693429 |
| Uruguay Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 05/16/45 (UYU) (m) | 9508783 | &nbsp;&nbsp;&nbsp; 247513 |
|  |  | &nbsp;&nbsp;&nbsp; 75828015 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Foreign Government <br>(Cost $79,846,019) <br>|  | &nbsp;&nbsp;&nbsp; 82341394 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Convertible Preferred Stocks—0.3%** | **Convertible Preferred Stocks—0.3%** | **Convertible Preferred Stocks—0.3%** |
| **Banks — 0.3%** | **Banks — 0.3%** | **Banks — 0.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo & Co.- Series L, 7.500% <br>(Cost $5,598,292)<br>| 4965 | &nbsp;&nbsp;&nbsp; 5734575 |
| **Common Stocks—0.1%** | **Common Stocks—0.1%** | **Common Stocks—0.1%** |
| **Automobile Components — 0.0%** | **Automobile Components — 0.0%** | **Automobile Components — 0.0%** |
| Lear Corp.  | 399 | &nbsp;&nbsp;&nbsp; 48311 |
| **Chemicals — 0.0%** | **Chemicals — 0.0%** | **Chemicals — 0.0%** |
| LyondellBasell Industries NV - Class A | 23 | &nbsp;&nbsp;&nbsp; 1853 |
| **Diversified Telecommunication Services — 0.1%** | **Diversified Telecommunication Services — 0.1%** | **Diversified Telecommunication Services — 0.1%** |
| Luxco Co. Ltd. (n) | 61672 | &nbsp;&nbsp;&nbsp; 1026484 |
| **Media — 0.0%** | **Media — 0.0%** | **Media — 0.0%** |
| Cengage Learning, Inc. (n) | 10995 | &nbsp;&nbsp;&nbsp; 208905 |
| **Oil, Gas & Consumable Fuels — 0.0%** | **Oil, Gas & Consumable Fuels — 0.0%** | **Oil, Gas & Consumable Fuels — 0.0%** |
| Ascent CNR Corp. - Class A † (f) (g) (n) | 13995 | &nbsp;&nbsp;&nbsp; 27990 |
| **Passenger Airlines — 0.0%** | **Passenger Airlines — 0.0%** | **Passenger Airlines — 0.0%** |
| Spirit Aviation Holdings, Inc. † (n) | 82316 | &nbsp;&nbsp;&nbsp; 20579 |

---

**BHFTII-286**

------

**Brighthouse Funds Trust II**

**Western Asset Management Strategic Bond Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Real Estate Management & Development — 0.0%** | **Real Estate Management & Development — 0.0%** | **Real Estate Management & Development — 0.0%** |
| Country Garden Holdings Co. Ltd. (n) | 3330 | &nbsp;&nbsp;&nbsp; $137 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $3,396,720) <br>|  | &nbsp;&nbsp;&nbsp; 1334259 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Convertible Bond—0.0%** | **Convertible Bond—0.0%** | **Convertible Bond—0.0%** |
| **Real Estate — 0.0%** | **Real Estate — 0.0%** | **Real Estate — 0.0%** |
| Country Garden Holdings Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 12/31/31 <br>(Cost $107,630)<br>| 833605 | &nbsp;&nbsp;&nbsp; 91697 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Rights—0.0%** | **Rights—0.0%** | **Rights—0.0%** |
| **Telecommunications — 0.0%** | **Telecommunications — 0.0%** | **Telecommunications — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Altice Holdings 1 SARL (n) <br>(Cost $0)<br>| 3989 | &nbsp;&nbsp;&nbsp; 56481 |
| **Escrow Shares—0.0%** | **Escrow Shares—0.0%** | **Escrow Shares—0.0%** |
| **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Sino Forest Corp. (f) (g) (n) <br>(Cost $0)<br>| 1746000 | &nbsp;&nbsp;&nbsp; 0 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—0.2%** | **Short-Term Investments—0.2%** | **Short-Term Investments—0.2%** |
| **Repurchase Agreement—0.2%** | **Repurchase Agreement—0.2%** | **Repurchase Agreement—0.2%** |
| Fixed Income Clearing Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 2.500%, due <br> on 04/01/26, with a maturity value of $4,541,348; <br> collateralized by U.S. Treasury Note at 4.375%, maturing <br> 07/15/27, with a market value of $4,632,031<br>| 4541033 | &nbsp;&nbsp;&nbsp; 4541033 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $4,541,033) <br>|  | &nbsp;&nbsp;&nbsp; 4541033 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (o)—19.2%** | **Securities Lending Reinvestments (o)—19.2%** | **Securities Lending Reinvestments (o)—19.2%** |
| **Short-Term Investment Funds—2.4%** | **Short-Term Investment Funds—2.4%** | **Short-Term Investment Funds—2.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (p)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Government Portfolio, <br>Class I 3.530% (p)<br>| 15000000 | &nbsp;&nbsp;&nbsp; 15000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br>Institutional Shares 3.530% (p)<br>| 20000000 | &nbsp;&nbsp;&nbsp; 20000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco STIT-Government & Agency Portfolio, <br>Institutional Class 3.580% (p)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market <br> Fund, <br>Premier Class 3.600% (p)<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
|  |  | &nbsp;&nbsp;&nbsp; 42000000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Certificates of Deposit—2.7%** | **Certificates of Deposit—2.7%** | **Certificates of Deposit—2.7%** |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 11/19/26 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2000760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.020%, SOFR + 0.390%, 05/05/26 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2000324 |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.960%, SOFR + 0.330%, 07/22/26 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1999981 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Certificates of Deposit—(Continued)** | **Certificates of Deposit—(Continued)** | **Certificates of Deposit—(Continued)** |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.970%, SOFR + 0.340%, 09/21/26 (b) | 3000000 | &nbsp;&nbsp;&nbsp; $2999997 |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.760%, 05/12/26 | 3000000 | &nbsp;&nbsp;&nbsp; 2999907 |
| Commonwealth Bank of Australia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 04/13/26 (b) | 3000000 | &nbsp;&nbsp;&nbsp; 3000120 |
| Mitsubishi UFJ Trust & Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/12/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1984460 |
| Mizuho Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, SOFR + 0.220%, 04/10/26 (b) | 3000000 | &nbsp;&nbsp;&nbsp; 2999943 |
| MUFG Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.820%, SOFR + 0.190%, 08/07/26 (b) | 1000000 | &nbsp;&nbsp;&nbsp; 999591 |
| Royal Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.920%, SOFR + 0.290%, 02/05/27 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1998274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 05/01/26 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2000198 |
| Sumitomo Mitsui Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.820%, SOFR + 0.190%, 08/19/26 (b) | 1000000 | &nbsp;&nbsp;&nbsp; 999529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.840%, SOFR + 0.210%, 07/24/26 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1999488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.980%, SOFR + 0.350%, 09/25/26 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2000192 |
| Sumitomo Mitsui Trust Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/15/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1983800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/23/26 | 4000000 | &nbsp;&nbsp;&nbsp; 3963960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.820%, 04/27/26 | 2000000 | &nbsp;&nbsp;&nbsp; 2000013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.830%, 04/17/26 | 2000000 | &nbsp;&nbsp;&nbsp; 2000160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.830%, SOFR + 0.200%, 07/27/26 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1999542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.960%, 06/05/26 | 2000000 | &nbsp;&nbsp;&nbsp; 2000502 |
| Svenska Handelsbanken AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.940%, SOFR + 0.310%, 09/25/26 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1999800 |
| Toronto-Dominion Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.080%, SOFR + 0.450%, 04/23/26 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2000282 |
|  |  | &nbsp;&nbsp;&nbsp; 47930823 |
| **Commercial Paper—1.3%** | **Commercial Paper—1.3%** | **Commercial Paper—1.3%** |
| Britannia Funding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.740%, 04/10/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1997864 |
| Concord Minutemen Capital Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 06/18/26 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1999996 |
| ING U.S. Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.960%, SOFR + 0.330%, 09/18/26 (b) | 5000000 | &nbsp;&nbsp;&nbsp; 4999750 |
| Ionic Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.720%, 04/01/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1999784 |
| Old Line Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.780%, SOFR + 0.150%, 05/05/26 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1999976 |
| Salisbury Receivables Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 05/05/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1992294 |
| Verto Capital I-A LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.720%, 04/02/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1999578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.790%, 05/12/26 | 1000000 | &nbsp;&nbsp;&nbsp; 995457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 04/24/26 | 5000000 | &nbsp;&nbsp;&nbsp; 4987090 |
|  |  | &nbsp;&nbsp;&nbsp; 22971789 |

---

**BHFTII-287**

------

**Brighthouse Funds Trust II**

**Western Asset Management Strategic Bond Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Securities Lending Reinvestments (o)—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Repurchase Agreements—12.6%** | **Repurchase Agreements—12.6%** | **Repurchase Agreements—12.6%** |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due <br> on 04/01/26 with a maturity value of $10,001,014; <br> collateralized by U.S. Treasury Obligations with rates <br> ranging from 0.000% - 5.000%, maturity dates ranging <br> from 06/30/26 - 02/15/54, and an aggregate market <br> value of $10,200,000<br>| 10000000 | &nbsp;&nbsp;&nbsp; $10000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.700%, due <br> on 04/01/26 with a maturity value of $3,500,360; <br> collateralized by various Common Stock with an aggregate <br> market value of $3,892,984<br>| 3500000 | &nbsp;&nbsp;&nbsp; 3500000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.770%, due <br> on 04/01/26 with a maturity value of $33,003,456; <br> collateralized by various Common Stock with an aggregate <br> market value of $36,705,274<br>| 33000000 | &nbsp;&nbsp;&nbsp; 33000000 |
| Barclays Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.550%, due <br> on 04/01/26 with a maturity value of $20,001,972; <br> collateralized by U.S. Treasury Note at 4.000%, maturing <br> 07/31/29, with a market value of $20,400,007<br>| 20000000 | &nbsp;&nbsp;&nbsp; 20000000 |
| Cantor Fitzgerald & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.670%, due <br> on 04/01/26 with a maturity value of $9,000,918; <br> collateralized by U.S. Treasury Obligations with rates <br> ranging from 0.000% - 4.875%, maturity dates ranging <br> from 04/09/26 - 02/15/56, and an aggregate market <br> value of $9,180,000<br>| 9000000 | &nbsp;&nbsp;&nbsp; 9000000 |
| Citigroup Global Markets, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.690%, due <br> on 04/01/26 with a maturity value of $20,002,050; <br> collateralized by U.S. Treasury Obligations with rates <br> ranging from 0.125% - 6.125%, maturity dates ranging <br> from 06/15/27 - 02/15/32, and various Common Stock <br> with an aggregate market value of $20,400,265<br>| 20000000 | &nbsp;&nbsp;&nbsp; 20000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 4.130%, due <br> on 10/02/26 with a maturity value of $10,212,236; <br> collateralized by U.S. Treasury Obligations with rates <br> ranging from 0.125% - 6.125%, maturity dates ranging <br> from 06/15/27 - 02/15/32, and various Common Stock <br> with an aggregate market value of $10,200,132<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| National Bank Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due <br> on 04/01/26 with a maturity value of $3,000,315; <br> collateralized by various Common Stock with an aggregate <br> market value of $3,343,886<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due <br> on 04/01/26 with a maturity value of $1,950,205; <br> collateralized by U.S. Treasury Bond at 3.875%, maturing <br> 02/15/43, and various Common Stock with an aggregate <br> market value of $2,166,416<br>| 1950000 | &nbsp;&nbsp;&nbsp; 1950000 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due <br> on 04/01/26 with a maturity value of $5,000,525; <br> collateralized by U.S. Treasury Obligations with rates <br> ranging from 4.000% - 4.625%, maturity dates ranging <br> from 06/30/26 - 08/15/35, and an aggregate market <br> value of $5,118,195<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due <br> on 04/01/26 with a maturity value of $9,230,969; <br> collateralized by various Common Stock with an aggregate <br> market value of $10,288,023<br>| 9230000 | &nbsp;&nbsp;&nbsp; 9230000 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.800%, due <br> on 04/07/26 with a maturity value of $40,029,556; <br> collateralized by U.S. Treasury Obligations with rates <br> ranging from 3.750% - 4.250%, maturity dates ranging <br> from 05/15/28 - 08/15/35, and various Common Stock <br> with an aggregate market value of $42,724,451<br>| 40000000 | &nbsp;&nbsp;&nbsp; $40000000 |
| NatWest Markets Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.650%, due <br> on 04/01/26 with a maturity value of $2,731,168; <br> collateralized by U.S. Treasury Obligations with rates <br> ranging from 1.125% - 4.875%, maturity dates ranging <br> from 09/15/26 - 08/15/35, and an aggregate market <br> value of $2,785,792<br>| 2730891 | &nbsp;&nbsp;&nbsp; 2730891 |
| NBC Global Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.830%, due <br> on 04/07/26 with a maturity value of $50,037,236; <br> collateralized by various Common Stock with an aggregate <br> market value of $55,733,753<br>| 50000000 | &nbsp;&nbsp;&nbsp; 50000000 |
| Virtu Americas LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.890%, due <br> on 04/01/26 with a maturity value of $5,000,540; <br> collateralized by various Common Stock with an aggregate <br> market value of $5,559,769<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
|  |  | &nbsp;&nbsp;&nbsp; 222410891 |
| **Time Deposits—0.2%** | **Time Deposits—0.2%** | **Time Deposits—0.2%** |
| Credit Agricole CIB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.630%, 04/01/26 | 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| Svenska NY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
|  |  | &nbsp;&nbsp;&nbsp; 4000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $339,316,450) <br>|  | &nbsp;&nbsp;&nbsp; 339313503 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—116.9% <br>(Cost $2,100,628,597)<br>|  | &nbsp;&nbsp;&nbsp; 2070264828 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unfunded Loan Commitments—0.0% <br>(Cost $(735450))<br>|  | &nbsp;&nbsp;&nbsp; (735450)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investments—116.9% <br>(Cost $2,099,893,147) <br>|  | &nbsp;&nbsp;&nbsp; 2069529378 |
| Other assets and liabilities (net)—(16.9)%  |  | &nbsp;&nbsp;&nbsp; (298602742)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1770926636 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| \* | 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 <br> legal restrictions on resale. These securities generally may be resold in transactions exempt <br> from registration or to the public if the securities are subsequently registered. Disposal of <br> these securities may involve time-consuming negotiations and prompt sale at an acceptable <br> price may be difficult. As of March 31, 2026, the market value of restricted securities was <br> $46,684,583, which is 2.6% of net assets. See details shown in the Restricted Securities table <br> that follows.<br>|
| (a) | All or a portion of the security was held on loan. As of March 31, 2026, the market value of <br> securities loaned was $401,064,180 and the collateral received consisted of cash in the <br> amount of $339,261,820 and non-cash collateral with a value of $74,942,235. The cash <br> collateral investments are disclosed in the Schedule of Investments and categorized as <br> Securities Lending Reinvestments. The non-cash collateral received consists of U.S. <br>|

---

**BHFTII-288**

------

**Brighthouse Funds Trust II**

**Western Asset Management Strategic Bond Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

---

| | |
|:---|:---|
|  | government securities that are held in safe-keeping by the lending agent, or a third-party <br> custodian, and cannot be sold or repledged by the Portfolio.<br>|
| (b) | Variable or floating rate security. The stated rate represents the rate at March 31, 2026. <br> Maturity date shown for callable securities reflects the earliest possible call date. For <br> securities based on a published reference index and spread, the index and spread are <br> indicated in the description above. For certain variable rate securities, the coupon rate is <br> determined by the issuer/agent based on current market conditions. For certain asset- and <br> mortgage-backed securities, the coupon rate may fluctuate based on changes of the <br> underlying collateral or prepayments of principal. These securities do not indicate a reference <br> index and spread in their description above.<br>|
| (c) | Non-income producing; security is in default and/or issuer is in bankruptcy. |
| (d) | Payment-in kind security for which part of the income earned may be paid as additional <br> principal.<br>|
| (e) | Security is a "step up" bond where coupon increases or steps up at a predetermined date. <br> Rate shown is current coupon rate.<br>|
| (f) | Security was valued in good faith under procedures subject to oversight by the Board of <br> Trustees. As of March 31, 2026, these securities represent 0.0% of net assets.<br>|
| (g) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. <br> Level 3.<br>|
| (h) | Interest only security. |
| (i) | Floating rate loans ("Senior Loans") often require prepayments from excess cash flows or <br> permit the borrowers to repay at their election. The degree to which borrowers repay, <br>|

---

---

| | |
|:---|:---|
|  | whether as a contractual requirement or at their election, cannot be predicted with accuracy. <br> As a result, the actual remaining maturity may be substantially less than the stated maturities <br> shown. However, Senior Loans will generally have an expected average life of approximately <br> two to four years. Senior Loans typically have rates of interest which are determined <br> periodically by reference to a base lending rate, plus a spread. These base rates are primarily <br> the Secured Overnight Financing Rate and secondarily, the prime rate offered by one or more <br> major United States banks. Base lending rates may be subject to a floor, or a minimum rate.<br>|
| (j) | This loan will settle after March 31, 2026, at which time the interest rate will be determined. |
| (k) | Unfunded or partially unfunded loan commitments. The Portfolio may enter into certain <br> credit agreements for which all or a portion may be unfunded. The Portfolio is obligated to <br> fund these commitments at the borrower's discretion.<br>|
| (l) | The stated interest rates represent the range of rates applicable to the underlying contracts <br> within the loan tranche as of March 31, 2026.<br>|
| (m) | Principal amount of security is adjusted for inflation. |
| (n) | Non-income producing security. |
| (o) | Represents investment of cash collateral received from securities on loan as of March 31, <br> 2026.<br>|
| (p) | The rate shown represents the annualized seven-day yield as of March 31, 2026. |
| (144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These <br> securities may be resold in transactions exempt from registration, normally to qualified <br> institutional buyers. As of March 31, 2026, the market value of 144A securities was <br> $1,187,683,474, which is 67.1% of net assets.<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Restricted Securities** | **Acquisition** <br>**Date**<br>| **Shares/** <br>**Principal** <br>**Amount** | **Shares/** <br>**Principal** <br>**Amount** | **Cost** | **Value** |
| ACN 113 874 712 Pty. Ltd., 13.250%, 02/15/18 | 05/24/11 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 931575 | &nbsp;&nbsp; $960686 | &nbsp;&nbsp; $0 |
| American News Holdings LLC, 8.500%, 09/01/27 | 09/03/24 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4 |
| Ascent CNR Corp. - Class A | 04/18/16 |  | &nbsp;&nbsp; 13995 | &nbsp;&nbsp; 27991 | &nbsp;&nbsp; 27990 |
| Granite Ridge Resources, Inc., 8.875%, 11/05/29 | 10/31/25 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 5550000 | &nbsp;&nbsp; 5346842 | &nbsp;&nbsp; 5421295 |
| Mcclatchy Media Co. LLC, 11.000%, 12/01/31 | 12/11/24-03/04/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 32884920 | &nbsp;&nbsp; 31655108 | &nbsp;&nbsp; 37077747 |
| Spirit Airlines, Inc., 07/14/26 | 12/12/25-02/03/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 4326045 | &nbsp;&nbsp; 2686562 | &nbsp;&nbsp; 3028232 |
| Spirit Airlines, Inc., 07/14/26 | 11/17/25 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1648165 | &nbsp;&nbsp; 1223371 | &nbsp;&nbsp; 206020 |
| Spirit Airlines, Inc., 11.678%, 07/14/26 | 11/21/25-03/17/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 172733 | &nbsp;&nbsp; 168926 | &nbsp;&nbsp; 171006 |
| Spirit Airlines, Inc., 11.678%, 07/14/26 | 12/09/25-03/17/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 696484 | &nbsp;&nbsp; 687255 | &nbsp;&nbsp; 689519 |
| Spirit Aviation Holdings, Inc. | 09/02/20-04/01/25 |  | &nbsp;&nbsp; 82316 | &nbsp;&nbsp; 1829186 | &nbsp;&nbsp; 20579 |
| Vortex Opco LLC, 8.000%, 04/30/30 | 09/03/24 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 2829697 | &nbsp;&nbsp; 1384447 | &nbsp;&nbsp; 42191 |
|  |  |  |  |  | &nbsp;&nbsp; $46684583 |

---

**Investments in Derivative Instruments**

**Forward Foreign Currency Exchange Contracts** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contracts to Buy**  | **Contracts to Buy**  | **Counterparty**  | **Settlement** <br>**Date**<br>| **In Exchange** <br>**for** | **In Exchange** <br>**for** | **Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| AUD | &nbsp;&nbsp; 1260000 | BOA | 04/16/26 | USD | 867044 | &nbsp;&nbsp; $2143 |
| AUD | &nbsp;&nbsp; 1243783 | BOA | 04/16/26 | USD | 854638 | &nbsp;&nbsp; 3362 |
| AUD | &nbsp;&nbsp; 2500000 | BOA | 04/16/26 | USD | 1708685 | &nbsp;&nbsp; 15892 |
| AUD | &nbsp;&nbsp; 3600000 | BNP | 04/16/26 | USD | 2556633 | &nbsp;&nbsp; (73242)<br>|
| AUD | &nbsp;&nbsp; 2400000 | BNP | 04/16/26 | USD | 1701052 | &nbsp;&nbsp; (45458)<br>|
| AUD | &nbsp;&nbsp; 1210000 | BNP | 04/16/26 | USD | 855124 | &nbsp;&nbsp; (20429)<br>|
| AUD | &nbsp;&nbsp; 1410000 | JPMC | 04/16/26 | USD | 997166 | &nbsp;&nbsp; (24505)<br>|
| AUD | &nbsp;&nbsp; 940000 | JPMC | 04/16/26 | USD | 663676 | &nbsp;&nbsp; (15235)<br>|
| AUD | &nbsp;&nbsp; 1410000 | JPMC | 04/16/26 | USD | 987603 | &nbsp;&nbsp; (14941)<br>|
| AUD | &nbsp;&nbsp; 950000 | JPMC | 04/16/26 | USD | 669792 | &nbsp;&nbsp; (14453)<br>|
| AUD | &nbsp;&nbsp; 518975 | JPMC | 04/16/26 | USD | 363386 | &nbsp;&nbsp; (5381)<br>|
| AUD | &nbsp;&nbsp; 12152213 | JPMC | 04/16/26 | USD | 8189534 | &nbsp;&nbsp; 193437 |
| CNH | &nbsp;&nbsp; 16117776 | CBNA | 04/16/26 | USD | 2329231 | &nbsp;&nbsp; 13280 |

---

**BHFTII-289**

------

**Brighthouse Funds Trust II**

**Western Asset Management Strategic Bond Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Forward Foreign Currency Exchange Contracts — (Continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contracts to Buy**  | **Contracts to Buy**  | **Counterparty**  | **Settlement**<br> **Date**<br>| **In Exchange**<br> **for** | **In Exchange**<br> **for** | **Unrealized**<br> **Appreciation/**<br> **(Depreciation)**<br>|
| CNH | &nbsp;&nbsp; 16070000 | JPMC | 04/16/26 | USD | 2322187 | &nbsp;&nbsp; $13380 |
| EUR | &nbsp;&nbsp; 9024936 | BOA | 04/16/26 | USD | 10702672 | &nbsp;&nbsp; (264301)<br>|
| EUR | &nbsp;&nbsp; 2931559 | BNP | 04/16/26 | USD | 3443531 | &nbsp;&nbsp; (52847)<br>|
| EUR | &nbsp;&nbsp; 1630000 | BNP | 04/16/26 | USD | 1930435 | &nbsp;&nbsp; (45154)<br>|
| EUR | &nbsp;&nbsp; 1060000 | BNP | 04/16/26 | USD | 1261639 | &nbsp;&nbsp; (35627)<br>|
| EUR | &nbsp;&nbsp; 1610000 | CBNA | 04/16/26 | USD | 1874616 | &nbsp;&nbsp; (12467)<br>|
| EUR | &nbsp;&nbsp; 1260000 | CBNA | 04/16/26 | USD | 1466967 | &nbsp;&nbsp; (9633)<br>|
| EUR | &nbsp;&nbsp; 900000 | JPMC | 04/16/26 | USD | 1044135 | &nbsp;&nbsp; (3181)<br>|
| INR | &nbsp;&nbsp; 226940389 | BOA | 04/16/26 | USD | 2462862 | &nbsp;&nbsp; (72710)<br>|
| INR | &nbsp;&nbsp; 112827542 | BOA | 04/16/26 | USD | 1222837 | &nbsp;&nbsp; (34530)<br>|
| JPY | &nbsp;&nbsp; 170380000 | BOA | 04/16/26 | USD | 1068836 | &nbsp;&nbsp; 6006 |
| JPY | &nbsp;&nbsp; 307910000 | CBNA | 04/16/26 | USD | 1963695 | &nbsp;&nbsp; (21245)<br>|
| JPY | &nbsp;&nbsp; 307900000 | CBNA | 04/16/26 | USD | 1963417 | &nbsp;&nbsp; (21030)<br>|
| JPY | &nbsp;&nbsp; 307900000 | CBNA | 04/16/26 | USD | 1962828 | &nbsp;&nbsp; (20441)<br>|
| JPY | &nbsp;&nbsp; 147760000 | CBNA | 04/16/26 | USD | 939212 | &nbsp;&nbsp; (7068)<br>|
| JPY | &nbsp;&nbsp; 123160000 | CBNA | 04/16/26 | USD | 783372 | &nbsp;&nbsp; (6417)<br>|
| JPY | &nbsp;&nbsp; 123160000 | CBNA | 04/16/26 | USD | 783102 | &nbsp;&nbsp; (6147)<br>|
| JPY | &nbsp;&nbsp; 123160000 | CBNA | 04/16/26 | USD | 783090 | &nbsp;&nbsp; (6135)<br>|
| JPY | &nbsp;&nbsp; 218860000 | JPMC | 04/16/26 | USD | 1377844 | &nbsp;&nbsp; 2834 |
| JPY | &nbsp;&nbsp; 175090000 | JPMC | 04/16/26 | USD | 1099411 | &nbsp;&nbsp; 5144 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contracts to Deliver** | **Contracts to Deliver** |  |  |  |  |  |
| AUD | &nbsp;&nbsp; 1000000 | BOA | 04/16/26 | USD | 694700 | &nbsp;&nbsp; 4870 |
| AUD | &nbsp;&nbsp; 1770000 | CBNA | 04/16/26 | USD | 1218817 | &nbsp;&nbsp; (2184)<br>|
| AUD | &nbsp;&nbsp; 2970000 | JPMC | 04/16/26 | USD | 1995004 | &nbsp;&nbsp; (53794)<br>|
| AUD | &nbsp;&nbsp; 1730000 | JPMC | 04/16/26 | USD | 1178660 | &nbsp;&nbsp; (14747)<br>|
| AUD | &nbsp;&nbsp; 1160000 | JPMC | 04/16/26 | USD | 790586 | &nbsp;&nbsp; (9618)<br>|
| AUD | &nbsp;&nbsp; 630936 | JPMC | 04/16/26 | USD | 431491 | &nbsp;&nbsp; (3748)<br>|
| AUD | &nbsp;&nbsp; 580000 | JPMC | 04/16/26 | USD | 396621 | &nbsp;&nbsp; (3480)<br>|
| AUD | &nbsp;&nbsp; 4923380 | JPMC | 04/16/26 | USD | 3403984 | &nbsp;&nbsp; 7685 |
| BRL | &nbsp;&nbsp; 43683329 | JPMC | 06/02/26 | USD | 8266625 | &nbsp;&nbsp; (56228)<br>|
| CAD | &nbsp;&nbsp; 4309866 | CBNA | 04/16/26 | USD | 3133156 | &nbsp;&nbsp; 32927 |
| CNH | &nbsp;&nbsp; 32188178 | JPMC | 04/16/26 | USD | 4644515 | &nbsp;&nbsp; (33622)<br>|
| EUR | &nbsp;&nbsp; 1840000 | BNP | 04/16/26 | USD | 2169301 | &nbsp;&nbsp; 41131 |
| EUR | &nbsp;&nbsp; 1840000 | BNP | 04/16/26 | USD | 2169636 | &nbsp;&nbsp; 41465 |
| EUR | &nbsp;&nbsp; 2592760 | BNP | 04/16/26 | USD | 3073523 | &nbsp;&nbsp; 74699 |
| EUR | &nbsp;&nbsp; 1252227 | CBNA | 04/16/26 | USD | 1469425 | &nbsp;&nbsp; 21080 |
| EUR | &nbsp;&nbsp; 1340000 | CBNA | 04/16/26 | USD | 1579772 | &nbsp;&nbsp; 29909 |
| EUR | &nbsp;&nbsp; 1495186 | CBNA | 04/16/26 | USD | 1760352 | &nbsp;&nbsp; 30998 |
| EUR | &nbsp;&nbsp; 2090000 | CBNA | 04/16/26 | USD | 2463594 | &nbsp;&nbsp; 46270 |
| GBP | &nbsp;&nbsp; 20570102 | BNP | 04/16/26 | USD | 27702690 | &nbsp;&nbsp; 476718 |
| INR | &nbsp;&nbsp; 1798940000 | CBNA | 04/16/26 | USD | 19848182 | &nbsp;&nbsp; 901620 |
| MXN | &nbsp;&nbsp; 38726179 | BOA | 04/16/26 | USD | 2134709 | &nbsp;&nbsp; (24180)<br>|
| MXN | &nbsp;&nbsp; 17500000 | MSIP | 04/16/26 | USD | 985817 | &nbsp;&nbsp; 10235 |
| Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | &nbsp;&nbsp; $940907 |

---

**Futures Contracts** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Long** | **Expiration** <br>**Date**<br>| **Number of** <br>**Contracts**<br>| **Notional** <br>**Value** | **Notional** <br>**Value** | **Value/** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| 3 Month SONIA Futures | &nbsp;&nbsp;&nbsp; 03/16/27 | &nbsp;&nbsp;&nbsp; 693 | GBP | 165696300 | &nbsp;&nbsp;&nbsp; $(788924)<br>|
| Australian 10 Year Treasury Bond Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; 336 | AUD | 36205270 | &nbsp;&nbsp;&nbsp; (209490)<br>|
| Euro-Bund Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; 84 | EUR | 10532760 | &nbsp;&nbsp;&nbsp; (233899)<br>|
| U.K. Long Gilt Bond Futures | &nbsp;&nbsp;&nbsp; 06/26/26 | &nbsp;&nbsp;&nbsp; 69 | GBP | 6057510 | &nbsp;&nbsp;&nbsp; (423890)<br>|

---

**BHFTII-290**

------

**Brighthouse Funds Trust II**

**Western Asset Management Strategic Bond Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Futures Contracts — (Continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Long** | **Expiration**<br> **Date**<br>| **Number of**<br> **Contracts**<br>| **Notional**<br> **Value** | **Notional**<br> **Value** | **Value/**<br> **Unrealized**<br> **Appreciation/**<br> **(Depreciation)**<br>|
| U.S. Treasury Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 919 | USD | 104651125 | &nbsp;&nbsp;&nbsp; $(2930101)<br>|
| U.S. Treasury Note 2 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; 1786 | USD | 370497327 | &nbsp;&nbsp;&nbsp; (1638985)<br>|
| U.S. Treasury Note 5 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; 1616 | USD | 174818376 | &nbsp;&nbsp;&nbsp; (1678746)<br>|
| U.S. Treasury Note 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 1170 | USD | 129924844 | &nbsp;&nbsp;&nbsp; (2248972)<br>|
| U.S. Treasury Note Ultra 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 123 | USD | 13962422 | &nbsp;&nbsp;&nbsp; (252225)<br>|
| U.S. Treasury Ultra Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 357 | USD | 41612812 | &nbsp;&nbsp;&nbsp; (1077211)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Short** |  |  |  |  |  |
| 3 Month SOFR Futures | &nbsp;&nbsp;&nbsp; 03/16/27 | &nbsp;&nbsp;&nbsp; (40)<br>| USD | (9636500)<br>| &nbsp;&nbsp;&nbsp; 48916 |
| Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | &nbsp;&nbsp;&nbsp; $(11433527)<br>|

---

**Written Options** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Options on Exchange-Traded Futures Contracts** | **Strike** <br>**Price** | **Strike** <br>**Price** | **Expiration** <br>**Date**<br>| **Number of** <br>**Contracts**<br>| **Notional** <br>**Amount** | **Notional** <br>**Amount** | **Premiums** <br>**Received**<br>| **Market** <br>**Value**<br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| Call - U.S. Treasury Note 5 Year Futures | USD | 109.000 | 04/24/26 | &nbsp;&nbsp; (164)<br>| USD | (164000)<br>| &nbsp;&nbsp; $(37396)<br>| &nbsp;&nbsp; $(29469)<br>| &nbsp;&nbsp; $7927 |
| Put - U.S. Treasury Note 5 Year Futures | USD | 107.000 | 04/24/26 | &nbsp;&nbsp; (164)<br>| USD | (164000)<br>| &nbsp;&nbsp; (36950)<br>| &nbsp;&nbsp; (23062)<br>| &nbsp;&nbsp; 13888 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $(74346)<br>| &nbsp;&nbsp; $(52531)<br>| &nbsp;&nbsp; $21815 |

---

**Centrally Cleared Interest Rate Swap Contracts** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive** <br>**Floating Rate** <br>| **Floating** <br>**Rate Index** <br>| **Payment** <br>**Frequency** <br>| **Fixed** <br>**Rate** <br>| **Payment** <br>**Frequency** <br>| **Maturity** <br>**Date** <br>| **Notional** <br>**Amount**  | **Notional** <br>**Amount**  | **Market** <br>**Value** <br>| **Upfront** <br>**Premiums** <br>**Paid/(Received)** <br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>|
| Pay | 28-Day TIIE | Monthly | 8.825<br> %<br>| Monthly | 11/19/29 | MXN | 340550000 | &nbsp;&nbsp; $510852 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $510852 |
| Pay | 28-Day TIIE | Monthly | 8.902<br> %<br>| Monthly | 11/16/29 | MXN | 513290000 | &nbsp;&nbsp; 839658 | &nbsp;&nbsp; — | &nbsp;&nbsp; 839658 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $1350510 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1350510 |

---

**OTC Interest Rate Swap Contracts** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive** <br>**Floating Rate** <br>| **Floating** <br>**Rate Index** <br>| **Payment** <br>**Frequency** <br>| **Fixed** <br>**Rate** <br>| **Payment** <br>**Frequency** <br>| **Maturity** <br>**Date** <br>| **Counterparty**  | **Notional** <br>**Amount**  | **Notional** <br>**Amount**  | **Market** <br>**Value** <br>| **Upfront** <br>**Premiums** <br>**Paid/(Received)** <br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>|
| Pay | 1-Day CDI | Maturity | 10.230% | Maturity | 01/02/29 | JPMC | BRL | 173850000 | &nbsp;&nbsp; $(3738668)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(3738668)<br>|
| Pay | 1-Day CDI | Maturity | 13.250% | Maturity | 01/02/31 | JPMC | BRL | 72695000 | &nbsp;&nbsp; (169442)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (169442)<br>|
| Pay | 1-Day CDI | Maturity | 13.300% | Maturity | 01/02/31 | JPMC | BRL | 112800000 | &nbsp;&nbsp; (235559)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (235559)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $(4143669)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(4143669)<br>|

---

**Centrally Cleared Credit Default Swap Contracts on Credit Indices—Buy Protection (a)** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Obligation**  | **Fixed Deal** <br>**(Pay) Rate** <br>| **Payment** <br>**Frequency** <br>| **Maturity** <br>**Date** <br>| **Implied** <br>**Credit Spread** <sup>(b)</sup> <br>| **Notional** <br>**Amount** <sup>(c)</sup>  | **Notional** <br>**Amount** <sup>(c)</sup>  | **Market** <br>**Value** <br>| **Upfront** <br>**Premiums** <br>**Paid/(Received)** <br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>|
| CDX.NA.HY.46.V1 | (5.000%) | &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/20/31 | &nbsp;&nbsp; 3.857% | &nbsp;&nbsp; USD | 15756600 | &nbsp;&nbsp; $(756900) | &nbsp;&nbsp; $(615760) | &nbsp;&nbsp; $(141140) |

---

**BHFTII-291**

------

**Brighthouse Funds Trust II**

**Western Asset Management Strategic Bond Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Centrally Cleared Credit Default Swap Contracts on Corporate Issues— Buy Protection (a)** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Obligation**  | **Fixed Deal** <br>**(Pay) Rate** <br>| **Payment** <br>**Frequency** <br>| **Maturity** <br>**Date** <br>| **Implied** <br>**Credit Spread** <sup>(b)</sup> <br>| **Notional** <br>**Amount** <sup>(c)</sup>  | **Notional** <br>**Amount** <sup>(c)</sup>  | **Market** <br>**Value** <br>| **Upfront** <br>**Premiums** <br>**Paid/(Received)** <br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>|
| MGM Resorts International | (5.000<br> %)<br>| &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/20/30 | 1.752<br> %<br>| &nbsp;&nbsp; USD | 2756000 | &nbsp;&nbsp; $(339036)<br>| &nbsp;&nbsp; $(313979)<br>| &nbsp;&nbsp; $(25057)<br>|
| Transocean, Inc. | (1.000<br> %)<br>| &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/20/29 | 1.607<br> %<br>| &nbsp;&nbsp; USD | 1476000 | &nbsp;&nbsp; 26747 | &nbsp;&nbsp; 121494 | &nbsp;&nbsp; (94747)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $(312289)<br>| &nbsp;&nbsp; $(192485)<br>| &nbsp;&nbsp; $(119804)<br>|

---

**Centrally Cleared Credit Default Swap Contracts on Corporate Issues—Sell Protection (d)** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Obligation**  | **Fixed Deal** <br>**Receive Rate** <br>| **Payment** <br>**Frequency** <br>| **Maturity** <br>**Date** <br>| **Implied** <br>**Credit Spread** <sup>(b)</sup> <br>| **Notional** <br>**Amount** <sup>(c)</sup>  | **Notional** <br>**Amount** <sup>(c)</sup>  | **Market** <br>**Value** <br>| **Upfront** <br>**Premiums** <br>**Paid/(Received)** <br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>|
| Caesars Entertainment, Inc. | 5.000<br> %<br>| Quarterly | 06/20/30 | 3.027<br> %<br>| USD | 2756000 | &nbsp;&nbsp; $200460 | &nbsp;&nbsp; $256648 | &nbsp;&nbsp; $(56188)<br>|
| Nabors Industries, Inc. | 1.000<br> %<br>| Quarterly | 06/20/29 | 1.889<br> %<br>| USD | 1476000 | &nbsp;&nbsp; (38900)<br>| &nbsp;&nbsp; (173395)<br>| &nbsp;&nbsp; 134495 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $161560 | &nbsp;&nbsp; $83253 | &nbsp;&nbsp; $78307 |

---

**OTC Total Return Swap Contracts** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive** <br>**Floating Rate** <br>| **Floating** <br>**Rate Index** <br>| **Payment** <br>**Frequency** <br>| **Maturity** <br>**Date** <br>| **Counterparty**  | **Underlying Reference** <br>**Instrument** <br>| **Notional** <br>**Amount**  | **Notional** <br>**Amount**  | **Market** <br>**Value** <br>| **Upfront** <br>**Premiums** <br>**Paid/(Received)** <br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>|
| Pay | 12M SOFR | Maturity | 04/09/26 | JPMC | WAM EM Frontier Custom Basket Index | USD | 14652000 | $(490541)<br>| $— | $(490541)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Corporate Bonds & Notes |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Advertising | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $12525085 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $12525085 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aerospace/Defense | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6337335 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6337335 |
| &nbsp;&nbsp;&nbsp;&nbsp; Agriculture | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1580359 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1580359 |
| &nbsp;&nbsp;&nbsp;&nbsp; Airlines | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8639498 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8639498 |
| &nbsp;&nbsp;&nbsp;&nbsp; Auto Manufacturers | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14282172 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14282172 |
| &nbsp;&nbsp;&nbsp;&nbsp; Auto Parts & Equipment | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21529248 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21529248 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banks | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 56302837 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 56302837 |
| &nbsp;&nbsp;&nbsp;&nbsp; Building Materials | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6442084 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6442084 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13172407 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13172407 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 36170950 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 36170950 |
| &nbsp;&nbsp;&nbsp;&nbsp; Computers | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 324451 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 324451 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Financial Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 67312489 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 67312489 |

---

**BHFTII-292**

------

**Brighthouse Funds Trust II**

**Western Asset Management Strategic Bond Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Fair Value Hierarchy — (Continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $40658210 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $40658210 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Components & Equipment | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3013638 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3013638 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy-Alternate Sources | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 702112 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 702112 |
| &nbsp;&nbsp;&nbsp;&nbsp; Engineering & Construction | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12357443 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12357443 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23022691 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23022691 |
| &nbsp;&nbsp;&nbsp;&nbsp; Environmental Control | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4366065 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4366065 |
| &nbsp;&nbsp;&nbsp;&nbsp; Food | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3204232 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3204232 |
| &nbsp;&nbsp;&nbsp;&nbsp; Food Service | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2107420 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2107420 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forest Products & Paper | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1925933 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1925933 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gas | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12414561 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12414561 |
| &nbsp;&nbsp;&nbsp;&nbsp; Healthcare-Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 31558782 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 31558782 |
| &nbsp;&nbsp;&nbsp;&nbsp; Holding Companies-Diversified | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1885647 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1885647 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home Builders | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4703956 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4703956 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9813443 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9813443 |
| &nbsp;&nbsp;&nbsp;&nbsp; Internet | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25240819 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25240819 |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2777071 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2777071 |
| &nbsp;&nbsp;&nbsp;&nbsp; Leisure Time | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 30948340 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 30948340 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lodging | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14540825 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14540825 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery-Construction & Mining | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3880500 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3880500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery-Diversified | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 999540 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 999540 |
| &nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 46117039 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 46117039 |
| &nbsp;&nbsp;&nbsp;&nbsp; Metal Fabricate/Hardware | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6676751 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6676751 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mining | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 27995270 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 27995270 |
| &nbsp;&nbsp;&nbsp;&nbsp; Miscellaneous Manufacturing | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2657259 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2657259 |
| &nbsp;&nbsp;&nbsp;&nbsp; Multi-National | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14497098 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14497098 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil & Gas | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 97582928 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 97582928 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil & Gas Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2441206 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2441206 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19713355 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19713355 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pipelines | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 62465335 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 62465335 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3999453 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3999453 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Investment Trusts | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19436934 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19436934 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 27032798 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 27032798 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 368306 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 368306 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16560567 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16560567 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telecommunications | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 46577392 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 46577392 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transportation | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6066043 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6066043 |
| Total Corporate Bonds & Notes | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 874927877 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 874927877 |
| Total Non-Agency Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 248329113 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 248329113 |
| Total Floating Rate Loans (Less Unfunded Loan Commitments of $735,450)\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 236340918 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 236340918 |
| Total Asset-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 184430126 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 184430126 |
| Total Agency Sponsored Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 92088402 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 92088402 |
| Total Foreign Government\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 82341394 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 82341394 |
| Total Convertible Preferred Stocks\* | &nbsp;&nbsp;&nbsp; 5734575 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5734575 |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Automobile Components | &nbsp;&nbsp;&nbsp; 48311 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 48311 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp;&nbsp; 1853 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1853 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Telecommunication Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1026484 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1026484 |
| &nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 208905 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 208905 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas & Consumable Fuels | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 27990 | &nbsp;&nbsp;&nbsp; 27990 |
| &nbsp;&nbsp;&nbsp;&nbsp; Passenger Airlines | &nbsp;&nbsp;&nbsp; 20579 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20579 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Management & Development | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 137 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 137 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 70743 | &nbsp;&nbsp;&nbsp; 1235526 | &nbsp;&nbsp;&nbsp; 27990 | &nbsp;&nbsp;&nbsp; 1334259 |
| Total Convertible Bonds\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 91697 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 91697 |
| Total Rights\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 56481 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 56481 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4541033 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4541033 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 42000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 42000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificates of Deposit | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 47930823 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 47930823 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22971789 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22971789 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 222410891 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 222410891 |

---

**BHFTII-293**

------

**Brighthouse Funds Trust II**

**Western Asset Management Strategic Bond Opportunities Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Fair Value Hierarchy — (Continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| &nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $4000000 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $4000000 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 42000000 | &nbsp;&nbsp;&nbsp; 297313503 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 339313503 |
| Total Net Investments | &nbsp;&nbsp;&nbsp; $47805318 | &nbsp;&nbsp;&nbsp; $2021696070 | &nbsp;&nbsp;&nbsp; $27990 | &nbsp;&nbsp;&nbsp; $2069529378 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(339261820)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(339261820)<br>|
| Forward Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1975085 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1975085 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (1034178)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (1034178)<br>|
| Total Forward Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $940907 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $940907 |
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $48916 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $48916 |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; (11482443)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (11482443)<br>|
| Total Futures Contracts | &nbsp;&nbsp;&nbsp; $(11433527)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(11433527)<br>|
| Total Written Options at Value\* | &nbsp;&nbsp;&nbsp; $(52531)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(52531)<br>|
| Centrally Cleared Swap Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Swap Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1485005 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1485005 |
| &nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Swap Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (317132)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (317132)<br>|
| Total Centrally Cleared Swap Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1167873 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1167873 |
| OTC Swap Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; OTC Swap Contracts at Value (Liabilities) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(4634210)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(4634210)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended March 31, 2026 is not presented.

**BHFTII-294**

------

**Brighthouse Funds Trust II**

**Western Asset Management U.S. Government Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**U.S. Treasury & Government Agencies—55.9% of Net Assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Federal Agencies — 30.0%** | **Federal Agencies — 30.0%** | **Federal Agencies — 30.0%** |
| Federal Farm Credit Banks Funding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.240%, 09/03/30 | 8000000 | &nbsp;&nbsp;&nbsp; $7122097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.680%, 09/17/35 | 1195000 | &nbsp;&nbsp;&nbsp; 928148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.600%, 04/05/27 | 10000000 | &nbsp;&nbsp;&nbsp; 9887276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.700%, 10/26/27 | 10000000 | &nbsp;&nbsp;&nbsp; 9829796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 07/03/28 | 10000000 | &nbsp;&nbsp;&nbsp; 9989193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 05/02/31 | 8000000 | &nbsp;&nbsp;&nbsp; 8277980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.480%, 06/27/42 | 3000000 | &nbsp;&nbsp;&nbsp; 2954164 |
| Federal Home Loan Banks |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.020%, 02/24/27 | 9990000 | &nbsp;&nbsp;&nbsp; 9746852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.100%, 08/20/26 | 4260000 | &nbsp;&nbsp;&nbsp; 4216140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, 10/26/26 | 15000000 | &nbsp;&nbsp;&nbsp; 14788174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.010%, 02/17/27 | 20000000 | &nbsp;&nbsp;&nbsp; 19702178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 03/04/36 | 15000000 | &nbsp;&nbsp;&nbsp; 12059517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/10/27 | 2500000 | &nbsp;&nbsp;&nbsp; 2504506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 01/15/27 | 4000000 | &nbsp;&nbsp;&nbsp; 4011407 |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 12/14/29 | 7443000 | &nbsp;&nbsp;&nbsp; 6401399 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 12/17/29 | 5562000 | &nbsp;&nbsp;&nbsp; 4805181 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 09/15/36 | 10000000 | &nbsp;&nbsp;&nbsp; 6138701 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 12/15/36 | 24765000 | &nbsp;&nbsp;&nbsp; 15039596 |
| Federal Home Loan Mortgage Corp. Coupon STRIPS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/15/28 | 5400000 | &nbsp;&nbsp;&nbsp; 4941701 |
| Federal Home Loan Mortgage Corp. STRIPS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/15/32 | 9000000 | &nbsp;&nbsp;&nbsp; 6861662 |
| Federal National Mortgage Association Principal STRIPS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 05/15/30 | 30000000 | &nbsp;&nbsp;&nbsp; 25455845 |
| Resolution Funding Corp. Interest STRIPS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/15/26 | 4230000 | &nbsp;&nbsp;&nbsp; 4185036 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 04/15/28 | 10000000 | &nbsp;&nbsp;&nbsp; 9234467 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/15/29 | 14000000 | &nbsp;&nbsp;&nbsp; 12259529 |
| Resolution Funding Corp. Principal STRIPS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 01/15/30 | 51000000 | &nbsp;&nbsp;&nbsp; 43852362 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 04/15/30 | 69000000 | &nbsp;&nbsp;&nbsp; 58565605 |
| Tennessee Valley Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 03/15/28 | 15000000 | &nbsp;&nbsp;&nbsp; 15015949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 05/15/35 | 20000000 | &nbsp;&nbsp;&nbsp; 20553478 |
| U.S. International Development Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.110%, 05/15/29 | 6500000 | &nbsp;&nbsp;&nbsp; 6151876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.540%, 06/15/30 | 5000333 | &nbsp;&nbsp;&nbsp; 4904441 |
|  |  | &nbsp;&nbsp;&nbsp; 360384256 |
| **U.S. Treasury — 25.9%** | **U.S. Treasury — 25.9%** | **U.S. Treasury — 25.9%** |
| U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/15/39 | 10000000 | &nbsp;&nbsp;&nbsp; 9904688 |
| U.S. Treasury Inflation-Indexed Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.125%, 01/15/30 (a) | 4044896 | &nbsp;&nbsp;&nbsp; 3870950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 07/15/34 (a) | 10364300 | &nbsp;&nbsp;&nbsp; 10414737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 07/15/35 (a) (b) | 10128200 | &nbsp;&nbsp;&nbsp; 10078417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.125%, 01/15/35 (a) | 9274500 | &nbsp;&nbsp;&nbsp; 9430859 |
| U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 05/15/28 | 86000000 | &nbsp;&nbsp;&nbsp; 85882422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/31/32 | 11000000 | &nbsp;&nbsp;&nbsp; 10944570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 08/31/30 | 18000000 | &nbsp;&nbsp;&nbsp; 18138516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 10/31/31 | 3000000 | &nbsp;&nbsp;&nbsp; 3015703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/15/27 | 88000000 | &nbsp;&nbsp;&nbsp; 88646250 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **U.S. Treasury—(Continued)** | **U.S. Treasury—(Continued)** | **U.S. Treasury—(Continued)** |
| U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 05/31/31 | 58100000 | &nbsp;&nbsp;&nbsp; $59822574 |
|  |  | &nbsp;&nbsp;&nbsp; 310149686 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury & Government Agencies <br>(Cost $683,269,003) <br>|  | &nbsp;&nbsp;&nbsp; 670533942 |
| **Agency Sponsored Mortgage-Backed Securities—38.1% of Net Assets** | **Agency Sponsored Mortgage-Backed Securities—38.1% of Net Assets** | **Agency Sponsored Mortgage-Backed Securities—38.1% of Net Assets** |
| **Agency Collateralized Mortgage Obligations — 4.3%** | **Agency Collateralized Mortgage Obligations — 4.3%** | **Agency Collateralized Mortgage Obligations — 4.3%** |
| Federal Home Loan Mortgage Corp. REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 01/25/51 (c) | 1431708 | &nbsp;&nbsp;&nbsp; 189785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/25/51 (c) | 3569442 | &nbsp;&nbsp;&nbsp; 468812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/25/51 (c) | 6113544 | &nbsp;&nbsp;&nbsp; 791302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/25/50 (c) | 2394300 | &nbsp;&nbsp;&nbsp; 366739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/25/51 (c) | 19597487 | &nbsp;&nbsp;&nbsp; 3255125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/25/51 (c) | 2017639 | &nbsp;&nbsp;&nbsp; 309234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/25/51 (c) | 2920456 | &nbsp;&nbsp;&nbsp; 430251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/25/51 (c) | 7030664 | &nbsp;&nbsp;&nbsp; 852744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/25/50 (c) | 1155702 | &nbsp;&nbsp;&nbsp; 196690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/25/50 (c) | 1013698 | &nbsp;&nbsp;&nbsp; 163388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/25/51 (c) | 1338196 | &nbsp;&nbsp;&nbsp; 269629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/25/51 (c) | 1201844 | &nbsp;&nbsp;&nbsp; 173445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/25/52 (c) | 1212309 | &nbsp;&nbsp;&nbsp; 210456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/25/49 (c) | 472026 | &nbsp;&nbsp;&nbsp; 76030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/25/50 (c) | 854595 | &nbsp;&nbsp;&nbsp; 181945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/25/49 (c) | 800944 | &nbsp;&nbsp;&nbsp; 170839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/25/50 (c) | 2481945 | &nbsp;&nbsp;&nbsp; 579453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/25/50 (c) | 1539357 | &nbsp;&nbsp;&nbsp; 334366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/25/51 (c) | 1194057 | &nbsp;&nbsp;&nbsp; 267624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.962%, SOFR30A + 1.300%, 12/25/54 (d) | 560922 | &nbsp;&nbsp;&nbsp; 564402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.162%, SOFR30A + 1.500%, 09/25/54 (d) | 552152 | &nbsp;&nbsp;&nbsp; 555037 |
| Federal Home Loan Mortgage Corp. STACR REMICS Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.962%, SOFR30A + 1.300%, 02/25/42 (144A) (d) | 47677 | &nbsp;&nbsp;&nbsp; 47677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.162%, SOFR30A + 1.500%, 10/25/41 (144A) (d) | 1702186 | &nbsp;&nbsp;&nbsp; 1703776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.762%, SOFR30A + 2.100%, 10/25/33 (144A) (d) | 707066 | &nbsp;&nbsp;&nbsp; 719330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.962%, SOFR30A + 2.300%, 08/25/33 (144A) (d) | 1014499 | &nbsp;&nbsp;&nbsp; 1030772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.062%, SOFR30A + 2.400%, 02/25/42 (144A) (d) | 3420000 | &nbsp;&nbsp;&nbsp; 3449830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.012%, SOFR30A + 3.350%, 05/25/42 (144A) (d) | 620000 | &nbsp;&nbsp;&nbsp; 633175 |
| Federal Home Loan Mortgage Corp. STRIPS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/52 (c) | 515132 | &nbsp;&nbsp;&nbsp; 126975 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal National Mortgage Association Connecticut Avenue <br> Securities Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.462%, SOFR30A + 1.800%, 01/25/44 (144A) (d) | 1950000 | &nbsp;&nbsp;&nbsp; 1965173 |
| Federal National Mortgage Association Interest STRIPS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/25/50 (c) | 2110535 | &nbsp;&nbsp;&nbsp; 261382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/25/52 (c) | 4612752 | &nbsp;&nbsp;&nbsp; 594127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/25/42 (c) | 641093 | &nbsp;&nbsp;&nbsp; 112407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/25/53 (c) | 2507942 | &nbsp;&nbsp;&nbsp; 545147 |
| Federal National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/25/50 (c) | 4197055 | &nbsp;&nbsp;&nbsp; 527178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/25/47 (c) | 2261397 | &nbsp;&nbsp;&nbsp; 322352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/25/47 (c) | 873071 | &nbsp;&nbsp;&nbsp; 118758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/25/48 (c) | 723568 | &nbsp;&nbsp;&nbsp; 104646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/25/50 (c) | 16860679 | &nbsp;&nbsp;&nbsp; 2800431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/25/50 (c) | 2119516 | &nbsp;&nbsp;&nbsp; 353568 |

---

**BHFTII-295**

------

**Brighthouse Funds Trust II**

**Western Asset Management U.S. Government Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Collateralized Mortgage Obligations—(Continued)** | **Agency Collateralized Mortgage Obligations—(Continued)** | **Agency Collateralized Mortgage Obligations—(Continued)** |
| Federal National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/25/51 (c) | 1828248 | &nbsp;&nbsp;&nbsp; $274418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/25/51 (c) | 734278 | &nbsp;&nbsp;&nbsp; 74639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/25/51 (c) | 8516563 | &nbsp;&nbsp;&nbsp; 1215471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/25/50 (c) | 1209425 | &nbsp;&nbsp;&nbsp; 189968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/25/51 (c) | 560360 | &nbsp;&nbsp;&nbsp; 95660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/25/51 (c) | 5038402 | &nbsp;&nbsp;&nbsp; 899104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/25/48 | 25792 | &nbsp;&nbsp;&nbsp; 23956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/25/50 (c) | 1565529 | &nbsp;&nbsp;&nbsp; 253147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/25/51 (c) | 453273 | &nbsp;&nbsp;&nbsp; 100038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/25/50 (c) | 412117 | &nbsp;&nbsp;&nbsp; 78530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/25/51 (c) | 852081 | &nbsp;&nbsp;&nbsp; 177892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/25/41 | 1974355 | &nbsp;&nbsp;&nbsp; 2025458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/25/42 | 424808 | &nbsp;&nbsp;&nbsp; 435880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.592%, SOFR30A + 1.930%, 07/25/55 (d) | 1230294 | &nbsp;&nbsp;&nbsp; 1249610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/25/42 | 256248 | &nbsp;&nbsp;&nbsp; 267820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 07/25/42 | 599199 | &nbsp;&nbsp;&nbsp; 631678 |
| Federal National Mortgage Association REMICS Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.991%, 01/25/43 (d) | 81873 | &nbsp;&nbsp;&nbsp; 80276 |
| Government National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 01/20/52 | 134101 | &nbsp;&nbsp;&nbsp; 110611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.027%, -1x SOFR30A + 5.700%, 12/20/55 (c) (d) | 4278235 | &nbsp;&nbsp;&nbsp; 311450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.277%, -1x SOFR30A + 5.950%, 03/20/55 (c) (d) | 9146199 | &nbsp;&nbsp;&nbsp; 787029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.277%, -1x SOFR30A + 5.950%, 10/20/55 (c) (d) | 4752774 | &nbsp;&nbsp;&nbsp; 458206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.377%, -1x SOFR30A + 6.050%, 09/20/54 (c) (d) | 822737 | &nbsp;&nbsp;&nbsp; 67294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/20/51 (c) | 897590 | &nbsp;&nbsp;&nbsp; 81273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.927%, -1x SOFR30A + 6.600%, 10/20/55 (c) (d) | 13074812 | &nbsp;&nbsp;&nbsp; 1299771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.927%, -1x SOFR30A + 6.600%, 12/20/55 (c) (d) | 3623328 | &nbsp;&nbsp;&nbsp; 366776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/20/49 | 419429 | &nbsp;&nbsp;&nbsp; 375316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/20/50 (c) | 1279728 | &nbsp;&nbsp;&nbsp; 185992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/20/51 (c) | 755162 | &nbsp;&nbsp;&nbsp; 104533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/20/49 (c) | 632087 | &nbsp;&nbsp;&nbsp; 123046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/20/47 (c) | 1503553 | &nbsp;&nbsp;&nbsp; 281017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/20/48 | 32943 | &nbsp;&nbsp;&nbsp; 31672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.163%, 1M TSFR + 0.494%, 12/20/60 (d) | 1791928 | &nbsp;&nbsp;&nbsp; 1779018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.183%, 1M TSFR + 0.514%, 12/20/60 (d) | 314252 | &nbsp;&nbsp;&nbsp; 313718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.183%, 1M TSFR + 0.514%, 08/20/70 (d) | 14680 | &nbsp;&nbsp;&nbsp; 14651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.213%, 1M TSFR + 0.544%, 10/20/64 (d) | 781599 | &nbsp;&nbsp;&nbsp; 780647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.233%, 1M TSFR + 0.564%, 07/20/70 (d) | 3729102 | &nbsp;&nbsp;&nbsp; 3703748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.263%, 1M TSFR + 0.594%, 03/20/61 (d) | 255960 | &nbsp;&nbsp;&nbsp; 255881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.283%, 1M TSFR + 0.614%, 12/20/60 (d) | 3333821 | &nbsp;&nbsp;&nbsp; 3333248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.283%, 1M TSFR + 0.614%, 07/20/70 (d) | 331355 | &nbsp;&nbsp;&nbsp; 329481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/20/47 (c) | 1092790 | &nbsp;&nbsp;&nbsp; 196945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.732%, 12M TSFR + 0.965%, 10/20/68 (d) | 770518 | &nbsp;&nbsp;&nbsp; 775544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.933%, 1M TSFR + 1.264%, 05/20/70 (d) | 1201090 | &nbsp;&nbsp;&nbsp; 1222116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.033%, 1M TSFR + 1.364%, 04/20/70 (d) | 43919 | &nbsp;&nbsp;&nbsp; 44510 |
|  |  | &nbsp;&nbsp;&nbsp; 51231038 |
| **Agency Mortgage-Backed Securities — 33.8%** | **Agency Mortgage-Backed Securities — 33.8%** | **Agency Mortgage-Backed Securities — 33.8%** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 05/01/41 | 3167696 | &nbsp;&nbsp;&nbsp; 2686104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 07/01/41 | 2335290 | &nbsp;&nbsp;&nbsp; 1975684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 10/01/41 | 562502 | &nbsp;&nbsp;&nbsp; 474076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 11/01/41 | 71392 | &nbsp;&nbsp;&nbsp; 60117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 09/01/40 | 296287 | &nbsp;&nbsp;&nbsp; 261488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/40 | 1833370 | &nbsp;&nbsp;&nbsp; 1610166 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/41 | 2896101 | &nbsp;&nbsp;&nbsp; $2555343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 06/01/41 | 195024 | &nbsp;&nbsp;&nbsp; 170413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 07/01/41 | 1842181 | &nbsp;&nbsp;&nbsp; 1609505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/01/41 | 1342816 | &nbsp;&nbsp;&nbsp; 1171141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 09/01/41 | 509953 | &nbsp;&nbsp;&nbsp; 444936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/01/41 | 1104446 | &nbsp;&nbsp;&nbsp; 960965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/41 | 2678880 | &nbsp;&nbsp;&nbsp; 2339340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 01/01/42 | 2024483 | &nbsp;&nbsp;&nbsp; 1758820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/42 | 358741 | &nbsp;&nbsp;&nbsp; 311213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/42 | 74146 | &nbsp;&nbsp;&nbsp; 64276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/01/42 | 423904 | &nbsp;&nbsp;&nbsp; 367994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/01/42 | 2085651 | &nbsp;&nbsp;&nbsp; 1808330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/01/50 | 699550 | &nbsp;&nbsp;&nbsp; 576833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/51 | 1788627 | &nbsp;&nbsp;&nbsp; 1468749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/51 | 1779480 | &nbsp;&nbsp;&nbsp; 1463058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/51 | 1364558 | &nbsp;&nbsp;&nbsp; 1122481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/01/51 | 2958879 | &nbsp;&nbsp;&nbsp; 2428181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 06/01/51 | 2284616 | &nbsp;&nbsp;&nbsp; 1873854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/01/51 | 417679 | &nbsp;&nbsp;&nbsp; 343623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/52 | 77741 | &nbsp;&nbsp;&nbsp; 63927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/01/41 | 115010 | &nbsp;&nbsp;&nbsp; 104031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/01/42 | 1167072 | &nbsp;&nbsp;&nbsp; 1047977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/01/50 | 882562 | &nbsp;&nbsp;&nbsp; 759576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/01/50 | 2862861 | &nbsp;&nbsp;&nbsp; 2460054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/01/50 | 3203873 | &nbsp;&nbsp;&nbsp; 2755577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/01/51 | 29618 | &nbsp;&nbsp;&nbsp; 25402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/51 | 175179 | &nbsp;&nbsp;&nbsp; 150815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/01/51 | 126253 | &nbsp;&nbsp;&nbsp; 109677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/51 | 3744069 | &nbsp;&nbsp;&nbsp; 3201437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/01/51 | 2426384 | &nbsp;&nbsp;&nbsp; 2084569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/51 | 1204487 | &nbsp;&nbsp;&nbsp; 1033252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/01/51 | 688950 | &nbsp;&nbsp;&nbsp; 595229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/01/52 | 10971362 | &nbsp;&nbsp;&nbsp; 9427450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/52 | 965060 | &nbsp;&nbsp;&nbsp; 828639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/52 | 518993 | &nbsp;&nbsp;&nbsp; 444906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/32 | 97592 | &nbsp;&nbsp;&nbsp; 94857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/01/38 | 244292 | &nbsp;&nbsp;&nbsp; 231090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/46 | 200587 | &nbsp;&nbsp;&nbsp; 181173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/01/47 | 371551 | &nbsp;&nbsp;&nbsp; 335270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/48 | 811710 | &nbsp;&nbsp;&nbsp; 734489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/49 | 2511243 | &nbsp;&nbsp;&nbsp; 2259770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/49 | 548818 | &nbsp;&nbsp;&nbsp; 491788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/50 | 36917 | &nbsp;&nbsp;&nbsp; 33184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/50 | 44822 | &nbsp;&nbsp;&nbsp; 40257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/50 | 141118 | &nbsp;&nbsp;&nbsp; 126986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/52 | 443445 | &nbsp;&nbsp;&nbsp; 392642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/01/52 | 655161 | &nbsp;&nbsp;&nbsp; 580102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.007%, 1Y RFUCCT + 1.627%, 11/01/48 (d) | 2351805 | &nbsp;&nbsp;&nbsp; 2349188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.419%, 1Y RFUCCT + 1.622%, 02/01/50 (d) | 1102024 | &nbsp;&nbsp;&nbsp; 1124123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/33 | 874713 | &nbsp;&nbsp;&nbsp; 860815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/38 | 920302 | &nbsp;&nbsp;&nbsp; 884928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/01/42 | 301524 | &nbsp;&nbsp;&nbsp; 283335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/44 | 116777 | &nbsp;&nbsp;&nbsp; 110163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/46 | 183702 | &nbsp;&nbsp;&nbsp; 172521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/47 | 148607 | &nbsp;&nbsp;&nbsp; 139041 |

---

**BHFTII-296**

------

**Brighthouse Funds Trust II**

**Western Asset Management U.S. Government Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/47 | 3063276 | &nbsp;&nbsp;&nbsp; $2854217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/52 | 1288262 | &nbsp;&nbsp;&nbsp; 1196029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.711%, 5Y H15 + 1.288%, 03/01/47 (d) | 179798 | &nbsp;&nbsp;&nbsp; 176049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/43 | 413164 | &nbsp;&nbsp;&nbsp; 401312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/43 | 1073690 | &nbsp;&nbsp;&nbsp; 1039219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/43 | 910256 | &nbsp;&nbsp;&nbsp; 881049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/50 | 328124 | &nbsp;&nbsp;&nbsp; 315990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/38 | 290401 | &nbsp;&nbsp;&nbsp; 289856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/47 | 195237 | &nbsp;&nbsp;&nbsp; 191132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/47 | 230200 | &nbsp;&nbsp;&nbsp; 226738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/47 | 289301 | &nbsp;&nbsp;&nbsp; 285285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/49 | 170537 | &nbsp;&nbsp;&nbsp; 167877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/52 | 3230429 | &nbsp;&nbsp;&nbsp; 3138501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/53 | 1126688 | &nbsp;&nbsp;&nbsp; 1101518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/53 | 3544198 | &nbsp;&nbsp;&nbsp; 3465020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 03/01/35 | 3100000 | &nbsp;&nbsp;&nbsp; 3082971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/33 | 5342 | &nbsp;&nbsp;&nbsp; 5357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/41 | 780856 | &nbsp;&nbsp;&nbsp; 783954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/44 | 15483 | &nbsp;&nbsp;&nbsp; 15601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/52 | 1424874 | &nbsp;&nbsp;&nbsp; 1412201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/52 | 222428 | &nbsp;&nbsp;&nbsp; 220481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/52 | 2957700 | &nbsp;&nbsp;&nbsp; 2954372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/52 | 292624 | &nbsp;&nbsp;&nbsp; 289541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/53 | 821368 | &nbsp;&nbsp;&nbsp; 814782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/53 | 453188 | &nbsp;&nbsp;&nbsp; 451983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/53 | 609981 | &nbsp;&nbsp;&nbsp; 606331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/01/53 | 922691 | &nbsp;&nbsp;&nbsp; 921062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.189%, 1Y RFUCCT + 1.617%, 11/01/47 (d) | 548338 | &nbsp;&nbsp;&nbsp; 564789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/53 | 715591 | &nbsp;&nbsp;&nbsp; 722026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/01/53 | 282391 | &nbsp;&nbsp;&nbsp; 285679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/01/53 | 2392688 | &nbsp;&nbsp;&nbsp; 2423173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/53 | 394357 | &nbsp;&nbsp;&nbsp; 399051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/01/53 | 1993691 | &nbsp;&nbsp;&nbsp; 2022803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/54 | 329457 | &nbsp;&nbsp;&nbsp; 336414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/41 | 146371 | &nbsp;&nbsp;&nbsp; 151283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/53 | 144485 | &nbsp;&nbsp;&nbsp; 149801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/53 | 728969 | &nbsp;&nbsp;&nbsp; 752585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/54 | 1576360 | &nbsp;&nbsp;&nbsp; 1624487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/54 | 1162408 | &nbsp;&nbsp;&nbsp; 1198263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/54 | 746356 | &nbsp;&nbsp;&nbsp; 762012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/54 | 501247 | &nbsp;&nbsp;&nbsp; 519386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/01/55 | 1733955 | &nbsp;&nbsp;&nbsp; 1777834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/55 | 412351 | &nbsp;&nbsp;&nbsp; 422865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 09/01/39 | 59106 | &nbsp;&nbsp;&nbsp; 62242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 07/01/53 | 132844 | &nbsp;&nbsp;&nbsp; 140047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/01/54 | 4022899 | &nbsp;&nbsp;&nbsp; 4178088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/01/55 | 1689506 | &nbsp;&nbsp;&nbsp; 1746674 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured <br> Pass-Through Certificates<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.340%, 12/25/28 (c) (d) | 57820178 | &nbsp;&nbsp;&nbsp; 513790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.480%, 01/25/34 (c) (d) | 51765322 | &nbsp;&nbsp;&nbsp; 1380535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.504%, 01/25/29 (c) (d) | 82044247 | &nbsp;&nbsp;&nbsp; 1076224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.720%, 09/25/27 (c) (d) | 16186319 | &nbsp;&nbsp;&nbsp; 133688 |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 04/01/41 | 330966 | &nbsp;&nbsp;&nbsp; 281244 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 11/01/41 | 2905247 | &nbsp;&nbsp;&nbsp; $2448867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 03/01/42 | 1254983 | &nbsp;&nbsp;&nbsp; 1055618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/01/40 | 53019 | &nbsp;&nbsp;&nbsp; 46705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/40 | 1506749 | &nbsp;&nbsp;&nbsp; 1326172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/01/41 | 3197874 | &nbsp;&nbsp;&nbsp; 2781056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/41 | 418093 | &nbsp;&nbsp;&nbsp; 363378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/42 | 2887352 | &nbsp;&nbsp;&nbsp; 2504487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/42 | 1035832 | &nbsp;&nbsp;&nbsp; 898025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/01/42 | 1534973 | &nbsp;&nbsp;&nbsp; 1330441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 06/01/42 | 3058537 | &nbsp;&nbsp;&nbsp; 2653015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/01/42 | 1211525 | &nbsp;&nbsp;&nbsp; 1049694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 06/01/50 | 4515040 | &nbsp;&nbsp;&nbsp; 3680965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/01/50 | 101919 | &nbsp;&nbsp;&nbsp; 83879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 09/01/50 | 51037 | &nbsp;&nbsp;&nbsp; 42124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 01/01/51 | 4977451 | &nbsp;&nbsp;&nbsp; 4096521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/51 | 1267071 | &nbsp;&nbsp;&nbsp; 1039221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/51 | 4657279 | &nbsp;&nbsp;&nbsp; 3832279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/51 | 253281 | &nbsp;&nbsp;&nbsp; 208188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/01/51 | 805864 | &nbsp;&nbsp;&nbsp; 658468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/51 | 1601113 | &nbsp;&nbsp;&nbsp; 1317387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/52 | 798471 | &nbsp;&nbsp;&nbsp; 653997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/52 | 2116049 | &nbsp;&nbsp;&nbsp; 1739271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/01/40 | 2211302 | &nbsp;&nbsp;&nbsp; 1995640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/41 | 354481 | &nbsp;&nbsp;&nbsp; 320895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/01/41 | 428024 | &nbsp;&nbsp;&nbsp; 387290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/01/41 | 1446168 | &nbsp;&nbsp;&nbsp; 1305874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/42 | 2288811 | &nbsp;&nbsp;&nbsp; 2057868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/01/42 | 214540 | &nbsp;&nbsp;&nbsp; 192637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/01/42 | 146877 | &nbsp;&nbsp;&nbsp; 131919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/01/50 | 345266 | &nbsp;&nbsp;&nbsp; 295537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/01/50 | 1242565 | &nbsp;&nbsp;&nbsp; 1056789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/01/50 | 329418 | &nbsp;&nbsp;&nbsp; 282556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/01/50 | 115749 | &nbsp;&nbsp;&nbsp; 99412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/01/51 | 253282 | &nbsp;&nbsp;&nbsp; 217094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/51 | 144477 | &nbsp;&nbsp;&nbsp; 124124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/51 | 299429 | &nbsp;&nbsp;&nbsp; 257705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/01/51 | 487242 | &nbsp;&nbsp;&nbsp; 419687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/01/51 | 1294504 | &nbsp;&nbsp;&nbsp; 1094062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/01/51 | 2055717 | &nbsp;&nbsp;&nbsp; 1768891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/51 | 1978045 | &nbsp;&nbsp;&nbsp; 1704717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/01/51 | 655934 | &nbsp;&nbsp;&nbsp; 564666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/51 | 1773397 | &nbsp;&nbsp;&nbsp; 1527199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/01/51 | 2655714 | &nbsp;&nbsp;&nbsp; 2277410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/01/51 | 1141333 | &nbsp;&nbsp;&nbsp; 982808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/01/51 | 5297591 | &nbsp;&nbsp;&nbsp; 4549989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/01/52 | 2803655 | &nbsp;&nbsp;&nbsp; 2401231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/52 | 2425096 | &nbsp;&nbsp;&nbsp; 2080141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/52 | 2340011 | &nbsp;&nbsp;&nbsp; 2006087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/01/52 | 300258 | &nbsp;&nbsp;&nbsp; 256421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/61 | 4078351 | &nbsp;&nbsp;&nbsp; 3353561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/01/35 | 276381 | &nbsp;&nbsp;&nbsp; 262493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/01/36 | 327947 | &nbsp;&nbsp;&nbsp; 312303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/36 | 3744055 | &nbsp;&nbsp;&nbsp; 3553979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/36 | 1508264 | &nbsp;&nbsp;&nbsp; 1430370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/01/36 | 1250073 | &nbsp;&nbsp;&nbsp; 1186645 |

---

**BHFTII-297**

------

**Brighthouse Funds Trust II**

**Western Asset Management U.S. Government Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/01/37 | 287013 | &nbsp;&nbsp;&nbsp; $269974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/38 | 377667 | &nbsp;&nbsp;&nbsp; 359052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/42 | 802571 | &nbsp;&nbsp;&nbsp; 735387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/43 | 131924 | &nbsp;&nbsp;&nbsp; 120308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/01/43 | 313829 | &nbsp;&nbsp;&nbsp; 286196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/43 | 290298 | &nbsp;&nbsp;&nbsp; 264692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/45 | 262066 | &nbsp;&nbsp;&nbsp; 239290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/46 | 280284 | &nbsp;&nbsp;&nbsp; 253113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/46 | 206574 | &nbsp;&nbsp;&nbsp; 186399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/47 | 61500 | &nbsp;&nbsp;&nbsp; 56266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/47 | 30281 | &nbsp;&nbsp;&nbsp; 27407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/48 | 2822845 | &nbsp;&nbsp;&nbsp; 2547156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/50 | 73939 | &nbsp;&nbsp;&nbsp; 66526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/50 | 8436524 | &nbsp;&nbsp;&nbsp; 7603283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/50 | 4423998 | &nbsp;&nbsp;&nbsp; 3971216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/50 | 275413 | &nbsp;&nbsp;&nbsp; 245351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/50 | 376568 | &nbsp;&nbsp;&nbsp; 336692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/51 | 288020 | &nbsp;&nbsp;&nbsp; 258860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/51 | 1403574 | &nbsp;&nbsp;&nbsp; 1261468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/51 | 251565 | &nbsp;&nbsp;&nbsp; 224115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/51 | 322189 | &nbsp;&nbsp;&nbsp; 288220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/01/51 | 523298 | &nbsp;&nbsp;&nbsp; 467373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/52 | 1119345 | &nbsp;&nbsp;&nbsp; 1002346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/52 | 1020206 | &nbsp;&nbsp;&nbsp; 914773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/52 | 236378 | &nbsp;&nbsp;&nbsp; 208092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/37 | 103056 | &nbsp;&nbsp;&nbsp; 99499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/37 | 109401 | &nbsp;&nbsp;&nbsp; 104351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/39 | 103233 | &nbsp;&nbsp;&nbsp; 99465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/40 | 436387 | &nbsp;&nbsp;&nbsp; 416623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/42 | 1833602 | &nbsp;&nbsp;&nbsp; 1742237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/42 | 1969017 | &nbsp;&nbsp;&nbsp; 1850256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/42 | 146068 | &nbsp;&nbsp;&nbsp; 137979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/01/42 | 1049126 | &nbsp;&nbsp;&nbsp; 985845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/42 | 113247 | &nbsp;&nbsp;&nbsp; 106766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/43 | 739969 | &nbsp;&nbsp;&nbsp; 698147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/46 | 1214462 | &nbsp;&nbsp;&nbsp; 1143065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/47 | 104352 | &nbsp;&nbsp;&nbsp; 97403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/48 | 309994 | &nbsp;&nbsp;&nbsp; 290747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/49 | 7657031 | &nbsp;&nbsp;&nbsp; 7138809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/50 | 117174 | &nbsp;&nbsp;&nbsp; 108750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/52 | 614913 | &nbsp;&nbsp;&nbsp; 572353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/52 | 1013082 | &nbsp;&nbsp;&nbsp; 940548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/52 | 2452163 | &nbsp;&nbsp;&nbsp; 2282336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/40 | 252675 | &nbsp;&nbsp;&nbsp; 244434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/42 | 1551087 | &nbsp;&nbsp;&nbsp; 1499129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/42 | 475845 | &nbsp;&nbsp;&nbsp; 459699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/42 | 568140 | &nbsp;&nbsp;&nbsp; 551165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/42 | 370365 | &nbsp;&nbsp;&nbsp; 359300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/43 | 4015016 | &nbsp;&nbsp;&nbsp; 3877761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/43 | 14208 | &nbsp;&nbsp;&nbsp; 13784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/43 | 332689 | &nbsp;&nbsp;&nbsp; 322746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/43 | 2185540 | &nbsp;&nbsp;&nbsp; 2112545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/48 | 2552657 | &nbsp;&nbsp;&nbsp; 2444752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/48 | 173192 | &nbsp;&nbsp;&nbsp; 165118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.230%, 10/01/32 | 100000 | &nbsp;&nbsp;&nbsp; 98581 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 10/01/34 | 1700000 | &nbsp;&nbsp;&nbsp; $1679301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.360%, 12/01/35 | 2000000 | &nbsp;&nbsp;&nbsp; 1957320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/44 | 393691 | &nbsp;&nbsp;&nbsp; 390713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/01/45 | 30124 | &nbsp;&nbsp;&nbsp; 29812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/47 | 128311 | &nbsp;&nbsp;&nbsp; 126420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/47 | 447432 | &nbsp;&nbsp;&nbsp; 440267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/47 | 36985 | &nbsp;&nbsp;&nbsp; 36514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/48 | 161608 | &nbsp;&nbsp;&nbsp; 159514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/48 | 346143 | &nbsp;&nbsp;&nbsp; 340113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/48 | 577289 | &nbsp;&nbsp;&nbsp; 567568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/01/48 | 291459 | &nbsp;&nbsp;&nbsp; 286551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/49 | 125183 | &nbsp;&nbsp;&nbsp; 122805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/49 | 128087 | &nbsp;&nbsp;&nbsp; 126037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/49 | 1541113 | &nbsp;&nbsp;&nbsp; 1515654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/01/49 | 449565 | &nbsp;&nbsp;&nbsp; 441881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/50 | 71792 | &nbsp;&nbsp;&nbsp; 69733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/52 | 1051918 | &nbsp;&nbsp;&nbsp; 1022776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/53 | 933602 | &nbsp;&nbsp;&nbsp; 915252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/58 | 573885 | &nbsp;&nbsp;&nbsp; 554111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/01/59 | 1230843 | &nbsp;&nbsp;&nbsp; 1185008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/39 | 2343 | &nbsp;&nbsp;&nbsp; 2367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/39 | 3730 | &nbsp;&nbsp;&nbsp; 3770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/01/40 | 11671 | &nbsp;&nbsp;&nbsp; 11768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/40 | 8062 | &nbsp;&nbsp;&nbsp; 8148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/40 | 181103 | &nbsp;&nbsp;&nbsp; 183031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/41 | 6472 | &nbsp;&nbsp;&nbsp; 6423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/01/41 | 14395 | &nbsp;&nbsp;&nbsp; 14328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/41 | 21248 | &nbsp;&nbsp;&nbsp; 21453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/01/41 | 467310 | &nbsp;&nbsp;&nbsp; 472283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/41 | 33724 | &nbsp;&nbsp;&nbsp; 34070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/47 | 880255 | &nbsp;&nbsp;&nbsp; 889560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/52 | 341975 | &nbsp;&nbsp;&nbsp; 341598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/52 | 1019048 | &nbsp;&nbsp;&nbsp; 1022517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/52 | 475155 | &nbsp;&nbsp;&nbsp; 471002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/52 | 484899 | &nbsp;&nbsp;&nbsp; 481998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/53 | 380085 | &nbsp;&nbsp;&nbsp; 375697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/01/53 | 72200 | &nbsp;&nbsp;&nbsp; 71568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/53 | 656720 | &nbsp;&nbsp;&nbsp; 655772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/53 | 595964 | &nbsp;&nbsp;&nbsp; 598072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/01/52 | 127888 | &nbsp;&nbsp;&nbsp; 128748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/52 | 131808 | &nbsp;&nbsp;&nbsp; 132942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/01/52 | 1594263 | &nbsp;&nbsp;&nbsp; 1615782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/01/53 | 1093831 | &nbsp;&nbsp;&nbsp; 1111268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/01/53 | 771225 | &nbsp;&nbsp;&nbsp; 779750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/54 | 337789 | &nbsp;&nbsp;&nbsp; 342991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/41 | 122512 | &nbsp;&nbsp;&nbsp; 128390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/52 | 869238 | &nbsp;&nbsp;&nbsp; 890853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/53 | 553286 | &nbsp;&nbsp;&nbsp; 566950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/53 | 4199962 | &nbsp;&nbsp;&nbsp; 4315855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/53 | 191530 | &nbsp;&nbsp;&nbsp; 197228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/53 | 467462 | &nbsp;&nbsp;&nbsp; 483743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/54 | 1480221 | &nbsp;&nbsp;&nbsp; 1521671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/54 | 1154132 | &nbsp;&nbsp;&nbsp; 1178295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/55 | 149025 | &nbsp;&nbsp;&nbsp; 151931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/55 | 5274374 | &nbsp;&nbsp;&nbsp; 5386859 |

---

**BHFTII-298**

------

**Brighthouse Funds Trust II**

**Western Asset Management U.S. Government Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/01/29 | 8387 | &nbsp;&nbsp;&nbsp; $8671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 05/01/32 | 1739 | &nbsp;&nbsp;&nbsp; 1779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/01/54 | 272449 | &nbsp;&nbsp;&nbsp; 282918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/01/54 | 1580129 | &nbsp;&nbsp;&nbsp; 1640216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/01/54 | 525145 | &nbsp;&nbsp;&nbsp; 544786 |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/20/50 | 101397 | &nbsp;&nbsp;&nbsp; 83812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/20/51 | 4966457 | &nbsp;&nbsp;&nbsp; 4066097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/20/51 | 2698224 | &nbsp;&nbsp;&nbsp; 2194006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/20/49 | 298567 | &nbsp;&nbsp;&nbsp; 258518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/20/51 | 3239218 | &nbsp;&nbsp;&nbsp; 2788792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/20/51 | 67728 | &nbsp;&nbsp;&nbsp; 58308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/20/51 | 65336 | &nbsp;&nbsp;&nbsp; 56248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/20/51 | 268394 | &nbsp;&nbsp;&nbsp; 231059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/20/51 | 137303 | &nbsp;&nbsp;&nbsp; 118203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/20/52 | 4119340 | &nbsp;&nbsp;&nbsp; 3561996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/15/42 | 233030 | &nbsp;&nbsp;&nbsp; 213149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/15/42 | 1227710 | &nbsp;&nbsp;&nbsp; 1120839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/15/42 | 451871 | &nbsp;&nbsp;&nbsp; 407350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/20/46 | 127043 | &nbsp;&nbsp;&nbsp; 115163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/20/47 | 40224 | &nbsp;&nbsp;&nbsp; 36356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/20/47 | 84911 | &nbsp;&nbsp;&nbsp; 76744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/20/47 | 537436 | &nbsp;&nbsp;&nbsp; 486170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/20/50 | 515879 | &nbsp;&nbsp;&nbsp; 456396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/20/51 | 855920 | &nbsp;&nbsp;&nbsp; 755905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/20/51 | 600682 | &nbsp;&nbsp;&nbsp; 530200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/20/52 | 82726 | &nbsp;&nbsp;&nbsp; 73079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/20/52 | 1968812 | &nbsp;&nbsp;&nbsp; 1745263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/20/52 | 1431683 | &nbsp;&nbsp;&nbsp; 1272039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/20/52 | 1644911 | &nbsp;&nbsp;&nbsp; 1462986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/20/44 | 481361 | &nbsp;&nbsp;&nbsp; 452539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/20/45 | 38170 | &nbsp;&nbsp;&nbsp; 35931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/20/46 | 101187 | &nbsp;&nbsp;&nbsp; 95248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/20/46 | 533419 | &nbsp;&nbsp;&nbsp; 499898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/20/46 | 280522 | &nbsp;&nbsp;&nbsp; 264056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/20/46 | 129815 | &nbsp;&nbsp;&nbsp; 121579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/20/46 | 223004 | &nbsp;&nbsp;&nbsp; 208855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/20/46 | 134365 | &nbsp;&nbsp;&nbsp; 125634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/20/46 | 12244 | &nbsp;&nbsp;&nbsp; 11522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/20/47 | 1778166 | &nbsp;&nbsp;&nbsp; 1671922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/20/48 | 800137 | &nbsp;&nbsp;&nbsp; 743305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/15/48 | 1519114 | &nbsp;&nbsp;&nbsp; 1429422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/20/48 | 336054 | &nbsp;&nbsp;&nbsp; 314676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/20/49 | 10611 | &nbsp;&nbsp;&nbsp; 9939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/20/49 | 80397 | &nbsp;&nbsp;&nbsp; 73788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/20/50 | 726814 | &nbsp;&nbsp;&nbsp; 654964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/20/50 | 123698 | &nbsp;&nbsp;&nbsp; 113532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/15/50 | 237010 | &nbsp;&nbsp;&nbsp; 218224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/20/50 | 130607 | &nbsp;&nbsp;&nbsp; 121811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/20/52 | 1408747 | &nbsp;&nbsp;&nbsp; 1304443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/20/52 | 412627 | &nbsp;&nbsp;&nbsp; 372580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/20/52 | 327528 | &nbsp;&nbsp;&nbsp; 296548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/20/45 | 96979 | &nbsp;&nbsp;&nbsp; 92528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/20/45 | 2184784 | &nbsp;&nbsp;&nbsp; 2072632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/20/46 | 1451905 | &nbsp;&nbsp;&nbsp; 1390089 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/20/47 | 632848 | &nbsp;&nbsp;&nbsp; $605048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/20/47 | 106513 | &nbsp;&nbsp;&nbsp; 101886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/20/47 | 302887 | &nbsp;&nbsp;&nbsp; 289307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/20/47 | 118693 | &nbsp;&nbsp;&nbsp; 113350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/20/48 | 119235 | &nbsp;&nbsp;&nbsp; 113846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/20/48 | 853785 | &nbsp;&nbsp;&nbsp; 815037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/20/48 | 103732 | &nbsp;&nbsp;&nbsp; 98987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/20/48 | 86362 | &nbsp;&nbsp;&nbsp; 82582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/20/48 | 1189046 | &nbsp;&nbsp;&nbsp; 1132965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/20/48 | 329579 | &nbsp;&nbsp;&nbsp; 314272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/20/49 | 181487 | &nbsp;&nbsp;&nbsp; 172537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/20/49 | 155859 | &nbsp;&nbsp;&nbsp; 148125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/20/49 | 48883 | &nbsp;&nbsp;&nbsp; 46246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/20/50 | 78205 | &nbsp;&nbsp;&nbsp; 72541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/20/50 | 78352 | &nbsp;&nbsp;&nbsp; 74127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/15/50 | 25081 | &nbsp;&nbsp;&nbsp; 23693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/20/50 | 56196 | &nbsp;&nbsp;&nbsp; 53165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/20/50 | 286808 | &nbsp;&nbsp;&nbsp; 269970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/20/52 | 517774 | &nbsp;&nbsp;&nbsp; 488085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/20/40 | 143441 | &nbsp;&nbsp;&nbsp; 142246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/20/40 | 179086 | &nbsp;&nbsp;&nbsp; 177594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/20/40 | 3935 | &nbsp;&nbsp;&nbsp; 3900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/20/41 | 33082 | &nbsp;&nbsp;&nbsp; 32800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/20/41 | 223841 | &nbsp;&nbsp;&nbsp; 221860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/20/47 | 211266 | &nbsp;&nbsp;&nbsp; 208430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/20/48 | 304745 | &nbsp;&nbsp;&nbsp; 300244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/20/48 | 570714 | &nbsp;&nbsp;&nbsp; 560481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/20/48 | 571574 | &nbsp;&nbsp;&nbsp; 562384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/20/48 | 42224 | &nbsp;&nbsp;&nbsp; 41612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/20/48 | 1435218 | &nbsp;&nbsp;&nbsp; 1412654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/20/48 | 124815 | &nbsp;&nbsp;&nbsp; 122889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/20/48 | 298829 | &nbsp;&nbsp;&nbsp; 294124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/20/48 | 137776 | &nbsp;&nbsp;&nbsp; 135564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/20/49 | 1168212 | &nbsp;&nbsp;&nbsp; 1150183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/20/49 | 425178 | &nbsp;&nbsp;&nbsp; 417960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/20/49 | 1104195 | &nbsp;&nbsp;&nbsp; 1085791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/20/49 | 138561 | &nbsp;&nbsp;&nbsp; 136892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/20/50 | 184931 | &nbsp;&nbsp;&nbsp; 181850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/20/50 | 119220 | &nbsp;&nbsp;&nbsp; 117160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/20/50 | 182778 | &nbsp;&nbsp;&nbsp; 179489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/20/52 | 758018 | &nbsp;&nbsp;&nbsp; 735240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/20/52 | 917735 | &nbsp;&nbsp;&nbsp; 894190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/20/40 | 139235 | &nbsp;&nbsp;&nbsp; 141884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/20/48 | 92193 | &nbsp;&nbsp;&nbsp; 93071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/20/48 | 477985 | &nbsp;&nbsp;&nbsp; 483248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/20/48 | 262810 | &nbsp;&nbsp;&nbsp; 265151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/20/49 | 57157 | &nbsp;&nbsp;&nbsp; 57619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/20/49 | 50189 | &nbsp;&nbsp;&nbsp; 50708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/20/49 | 82608 | &nbsp;&nbsp;&nbsp; 83394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/20/49 | 126451 | &nbsp;&nbsp;&nbsp; 127655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/20/49 | 85596 | &nbsp;&nbsp;&nbsp; 86411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/20/50 | 215265 | &nbsp;&nbsp;&nbsp; 217310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/20/50 | 46038 | &nbsp;&nbsp;&nbsp; 46475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/20/52 | 370769 | &nbsp;&nbsp;&nbsp; 369951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/20/53 | 656798 | &nbsp;&nbsp;&nbsp; 655769 |

---

**BHFTII-299**

------

**Brighthouse Funds Trust II**

**Western Asset Management U.S. Government Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Agency Sponsored Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/20/53 | 1978186 | &nbsp;&nbsp;&nbsp; $1972624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/15/36 | 95617 | &nbsp;&nbsp;&nbsp; 99033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/20/52 | 1173351 | &nbsp;&nbsp;&nbsp; 1191913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/20/53 | 1167068 | &nbsp;&nbsp;&nbsp; 1178159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/20/53 | 1833121 | &nbsp;&nbsp;&nbsp; 1857927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/20/53 | 2303288 | &nbsp;&nbsp;&nbsp; 2337813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/20/53 | 804451 | &nbsp;&nbsp;&nbsp; 816022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/20/53 | 542090 | &nbsp;&nbsp;&nbsp; 550477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/20/53 | 2919894 | &nbsp;&nbsp;&nbsp; 2970858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/15/33 | 237852 | &nbsp;&nbsp;&nbsp; 242263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/20/34 | 357 | &nbsp;&nbsp;&nbsp; 375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/20/35 | 556 | &nbsp;&nbsp;&nbsp; 582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/20/36 | 28259 | &nbsp;&nbsp;&nbsp; 29726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/20/36 | 1382 | &nbsp;&nbsp;&nbsp; 1448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/20/38 | 82639 | &nbsp;&nbsp;&nbsp; 87502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/20/38 | 206853 | &nbsp;&nbsp;&nbsp; 219187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/20/39 | 1037 | &nbsp;&nbsp;&nbsp; 1090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/20/40 | 15652 | &nbsp;&nbsp;&nbsp; 16398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/20/40 | 50395 | &nbsp;&nbsp;&nbsp; 52901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/20/40 | 27020 | &nbsp;&nbsp;&nbsp; 28350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/20/40 | 69913 | &nbsp;&nbsp;&nbsp; 73462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/20/40 | 28457 | &nbsp;&nbsp;&nbsp; 29813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/20/40 | 52552 | &nbsp;&nbsp;&nbsp; 54396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/20/41 | 28699 | &nbsp;&nbsp;&nbsp; 29306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/20/41 | 198320 | &nbsp;&nbsp;&nbsp; 208028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/20/41 | 47620 | &nbsp;&nbsp;&nbsp; 49888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/20/41 | 22202 | &nbsp;&nbsp;&nbsp; 23329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/20/53 | 541927 | &nbsp;&nbsp;&nbsp; 561403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/20/54 | 498755 | &nbsp;&nbsp;&nbsp; 517732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/20/54 | 1121482 | &nbsp;&nbsp;&nbsp; 1160749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 08/15/34 | 48095 | &nbsp;&nbsp;&nbsp; 49108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/20/37 | 78904 | &nbsp;&nbsp;&nbsp; 85062 |
| Government National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.051%, 10/16/54 (c) (d) | 9679943 | &nbsp;&nbsp;&nbsp; 8673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.167%, 02/16/48 (c) (d) | 697100 | &nbsp;&nbsp;&nbsp; 2745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.193%, 04/16/54 (c) (d) | 3330471 | &nbsp;&nbsp;&nbsp; 1752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.515%, 11/16/56 (c) (d) | 6807492 | &nbsp;&nbsp;&nbsp; 180208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.541%, 12/16/58 (c) (d) | 5950799 | &nbsp;&nbsp;&nbsp; 159820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.587%, 09/16/55 (c) (d) | 5517764 | &nbsp;&nbsp;&nbsp; 125777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.590%, 10/16/58 (c) (d) | 9716979 | &nbsp;&nbsp;&nbsp; 299031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.616%, 03/16/60 (c) (d) | 1321281 | &nbsp;&nbsp;&nbsp; 48697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.640%, 02/16/61 (c) (d) | 1288987 | &nbsp;&nbsp;&nbsp; 56275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.702%, 12/16/59 (c) (d) | 24972731 | &nbsp;&nbsp;&nbsp; 1037018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.793%, 05/16/62 (c) (d) | 15735191 | &nbsp;&nbsp;&nbsp; 934677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.816%, 04/16/61 (c) (d) | 4771166 | &nbsp;&nbsp;&nbsp; 280885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.833%, 02/16/63 (c) (d) | 3944408 | &nbsp;&nbsp;&nbsp; 233402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.887%, 06/16/62 (c) (d) | 3481351 | &nbsp;&nbsp;&nbsp; 214382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.965%, 05/16/62 (c) (d) | 4063609 | &nbsp;&nbsp;&nbsp; 265499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.971%, 06/16/61 (c) (d) | 3109475 | &nbsp;&nbsp;&nbsp; 216706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.981%, 07/16/63 (c) (d) | 2846413 | &nbsp;&nbsp;&nbsp; 192412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.000%, 07/16/60 | 510579 | &nbsp;&nbsp;&nbsp; 358071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.111%, 01/16/61 (c) (d) | 4143453 | &nbsp;&nbsp;&nbsp; 326291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.113%, 06/16/61 (c) (d) | 2784869 | &nbsp;&nbsp;&nbsp; 223071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.144%, 06/16/61 (c) (d) | 5008388 | &nbsp;&nbsp;&nbsp; 400872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.169%, 04/16/62 (c) (d) | 3271562 | &nbsp;&nbsp;&nbsp; 261558 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** | **Agency Mortgage-Backed Securities—(Continued)** |
| Government National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.271%, 09/16/60 (c) (d) | 2681019 | &nbsp;&nbsp;&nbsp; $231945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.333%, 06/16/63 (c) (d) | 2533176 | &nbsp;&nbsp;&nbsp; 228674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.433%, 06/16/61 (c) (d) | 1965998 | &nbsp;&nbsp;&nbsp; 180616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 06/16/63 | 2433706 | &nbsp;&nbsp;&nbsp; 1801997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.602%, 09/16/63 (c) (d) | 3231380 | &nbsp;&nbsp;&nbsp; 371825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.615%, 05/16/60 (c) (d) | 4229006 | &nbsp;&nbsp;&nbsp; 459352 |
| Government National Mortgage Association, TBA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, TBA (e) | 6900000 | &nbsp;&nbsp;&nbsp; 5698430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, TBA (e) | 5300000 | &nbsp;&nbsp;&nbsp; 4558828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, TBA (e) | 4600000 | &nbsp;&nbsp;&nbsp; 4105930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, TBA (e) | 3000000 | &nbsp;&nbsp;&nbsp; 2970907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, TBA (e) | 3000000 | &nbsp;&nbsp;&nbsp; 3050419 |
| Uniform Mortgage-Backed Security, TBA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, TBA (e) | 400000 | &nbsp;&nbsp;&nbsp; 394451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, TBA (e) | 17400000 | &nbsp;&nbsp;&nbsp; 17480143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, TBA (e) | 5400000 | &nbsp;&nbsp;&nbsp; 5504371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, TBA (e) | 700000 | &nbsp;&nbsp;&nbsp; 724153 |
|  |  | &nbsp;&nbsp;&nbsp; 405569330 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Agency Sponsored Mortgage-Backed Securities <br>(Cost $486,061,869) <br>|  | &nbsp;&nbsp;&nbsp; 456800368 |
| **Non-Agency Mortgage-Backed Securities—4.5%** | **Non-Agency Mortgage-Backed Securities—4.5%** | **Non-Agency Mortgage-Backed Securities—4.5%** |
| **Collateralized Mortgage Obligations — 2.3%** | **Collateralized Mortgage Obligations — 2.3%** | **Collateralized Mortgage Obligations — 2.3%** |
| Angel Oak Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.920%, 04/25/70 (144A) (f) | 1561539 | &nbsp;&nbsp;&nbsp; 1567503 |
| Banc of America Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.582%, 07/25/35 (d) | 6528 | &nbsp;&nbsp;&nbsp; 6259 |
| BRAVO Residential Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.535%, 09/25/63 (144A) (f) | 395132 | &nbsp;&nbsp;&nbsp; 398318 |
| CIM Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.425%, 07/25/61 (144A) (d) | 1415634 | &nbsp;&nbsp;&nbsp; 1303647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/25/62 (144A) (d) | 1992884 | &nbsp;&nbsp;&nbsp; 1980232 |
| Countrywide Alternative Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.190%, 1M TSFR + 0.514%, 07/20/46 (d) | 647550 | &nbsp;&nbsp;&nbsp; 569449 |
| CSMC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.830%, 03/25/56 (144A) (d) | 447804 | &nbsp;&nbsp;&nbsp; 364540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.938%, 05/25/66 (144A) (d) | 758068 | &nbsp;&nbsp;&nbsp; 625252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.169%, 03/25/56 (144A) (d) | 385501 | &nbsp;&nbsp;&nbsp; 316025 |
| Ellington Financial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.001%, 01/25/67 (144A) (d) | 950000 | &nbsp;&nbsp;&nbsp; 715693 |
| GCAT Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 09/25/54 (144A) (d) | 338575 | &nbsp;&nbsp;&nbsp; 345356 |
| GMACM Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.319%, 11/19/35 (d) | 48669 | &nbsp;&nbsp;&nbsp; 24497 |
| GS Mortgage-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 10/25/57 (144A) | 942128 | &nbsp;&nbsp;&nbsp; 924261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/25/62 (144A) (d) | 573513 | &nbsp;&nbsp;&nbsp; 533358 |
| JP Morgan Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/25/48 (144A) (d) | 316562 | &nbsp;&nbsp;&nbsp; 286204 |
| Legacy Mortgage Asset Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 07/25/61 (144A) (f) | 691543 | &nbsp;&nbsp;&nbsp; 691763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 07/25/67 (144A) (f) | 537147 | &nbsp;&nbsp;&nbsp; 537531 |

---

**BHFTII-300**

------

**Brighthouse Funds Trust II**

**Western Asset Management U.S. Government Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Non-Agency Mortgage-Backed Securities—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** |
| MASTR Adjustable Rate Mortgages Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.537%, 02/25/34 (d) | 79708 | &nbsp;&nbsp;&nbsp; $72624 |
| MASTR Reperforming Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.896%, 05/25/35 (144A) (d) | 1622404 | &nbsp;&nbsp;&nbsp; 691665 |
| Morgan Stanley Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.468%, 07/25/35 (d) | 42937 | &nbsp;&nbsp;&nbsp; 38658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.933%, 1M TSFR + 0.254%, 06/25/36 (d) | 393458 | &nbsp;&nbsp;&nbsp; 74717 |
| Morgan Stanley Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/25/54 (144A) (d) | 1621240 | &nbsp;&nbsp;&nbsp; 1657845 |
| New Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.156%, 11/27/56 (144A) (d) | 363402 | &nbsp;&nbsp;&nbsp; 333562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 07/25/59 (144A) (d) | 671125 | &nbsp;&nbsp;&nbsp; 650279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 09/25/56 (144A) (d) | 728169 | &nbsp;&nbsp;&nbsp; 689858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/25/57 (144A) (d) | 575041 | &nbsp;&nbsp;&nbsp; 559069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/25/57 (144A) (d) | 929152 | &nbsp;&nbsp;&nbsp; 895897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.189%, 02/25/66 (144A) (f) | 2458776 | &nbsp;&nbsp;&nbsp; 2432844 |
| OBX Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.054%, 07/25/61 (144A) (d) | 493099 | &nbsp;&nbsp;&nbsp; 413577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.755%, 02/25/55 (144A) (f) | 1978939 | &nbsp;&nbsp;&nbsp; 1983259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.949%, 02/25/63 (144A) (f) | 413550 | &nbsp;&nbsp;&nbsp; 412183 |
| PRKCM Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.510%, 08/25/56 (144A) (d) | 1139814 | &nbsp;&nbsp;&nbsp; 980388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.071%, 11/25/56 (144A) (d) | 643466 | &nbsp;&nbsp;&nbsp; 570222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.431%, 05/25/59 (144A) (f) | 522185 | &nbsp;&nbsp;&nbsp; 526871 |
| Reperforming Loan Trust REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.213%, 1M TSFR + 0.534%, 07/25/36 (144A) (d) | 96479 | &nbsp;&nbsp;&nbsp; 91375 |
| SACO I Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.791%, 06/25/21 (144A) (d) | 327 | &nbsp;&nbsp;&nbsp; 131 |
| Structured Asset Mortgage Investments II Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.153%, 1M TSFR + 0.474%, 07/25/46 (d) | 56626 | &nbsp;&nbsp;&nbsp; 51296 |
| Structured Asset Securities Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.143%, 1M TSFR + 0.464%, 04/25/35 (144A) (d) | 915630 | &nbsp;&nbsp;&nbsp; 829328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.462%, 06/25/35 (144A) (d) | 32234 | &nbsp;&nbsp;&nbsp; 29436 |
| Towd Point Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.636%, 04/25/60 (144A) (d) | 545817 | &nbsp;&nbsp;&nbsp; 498062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/25/60 (144A) (d) | 940000 | &nbsp;&nbsp;&nbsp; 741284 |
| Verus Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.238%, 07/25/67 (144A) (f) | 934966 | &nbsp;&nbsp;&nbsp; 931120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.845%, 04/25/69 (144A) (f) | 384244 | &nbsp;&nbsp;&nbsp; 387663 |
|  |  | &nbsp;&nbsp;&nbsp; 27733101 |
| **Commercial Mortgage-Backed Securities — 2.2%** | **Commercial Mortgage-Backed Securities — 2.2%** | **Commercial Mortgage-Backed Securities — 2.2%** |
| Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.470%, 09/15/64 | 2770000 | &nbsp;&nbsp;&nbsp; 2462969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.643%, 04/15/54 (d) | 860000 | &nbsp;&nbsp;&nbsp; 781357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.538%, 11/15/54 | 1564885 | &nbsp;&nbsp;&nbsp; 1540089 |
| Bank5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.779%, 04/15/56 | 307747 | &nbsp;&nbsp;&nbsp; 311687 |
| Benchmark Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.525%, 04/15/56 | 2700000 | &nbsp;&nbsp;&nbsp; 2781137 |
| BLP Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.365%, 1M TSFR + 1.692%, 03/15/40 (144A) (d) | 4059331 | &nbsp;&nbsp;&nbsp; 4060599 |
| BX Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.523%, 1M TSFR + 0.850%, 01/15/39 (144A) (d) | 2283076 | &nbsp;&nbsp;&nbsp; 2281649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.838%, 1M TSFR + 1.164%, 02/15/36 (144A) (d) | 585199 | &nbsp;&nbsp;&nbsp; 584834 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** | **Commercial Mortgage-Backed Securities—(Continued)** |
| Citigroup Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.820%, 10/12/40 (144A) (d) | 1520000 | &nbsp;&nbsp;&nbsp; $1549336 |
| Extended Stay America Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.973%, 1M TSFR + 1.300%, 10/15/42 (144A) (d) | 1200000 | &nbsp;&nbsp;&nbsp; 1200000 |
| GS Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.911%, 02/13/53 | 3414000 | &nbsp;&nbsp;&nbsp; 3221880 |
| Morgan Stanley Bank of America Merrill Lynch Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.459%, 12/15/49 | 3129700 | &nbsp;&nbsp;&nbsp; 3111349 |
| MTN Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.077%, 1M TSFR + 1.397%, 03/15/39 (144A) (d) | 2980000 | &nbsp;&nbsp;&nbsp; 2978138 |
|  |  | &nbsp;&nbsp;&nbsp; 26865024 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Non-Agency Mortgage-Backed Securities <br>(Cost $56,072,394) <br>|  | &nbsp;&nbsp;&nbsp; 54598125 |
| **Foreign Government—3.5%** | **Foreign Government—3.5%** | **Foreign Government—3.5%** |
| **Sovereign — 3.5%** | **Sovereign — 3.5%** | **Sovereign — 3.5%** |
| Indonesia Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/11/29 | 6280000 | &nbsp;&nbsp;&nbsp; 6306771 |
| Israel Government AID Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/18/33 | 10047000 | &nbsp;&nbsp;&nbsp; 10794718 |
| Israel Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/12/34 | 7000000 | &nbsp;&nbsp;&nbsp; 7088174 |
| Mexico Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 07/02/32 | 12000000 | &nbsp;&nbsp;&nbsp; 12043200 |
| Peru Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.550%, 03/14/37 | 320000 | &nbsp;&nbsp;&nbsp; 345360 |
| Republic of Poland Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 04/06/26 (b) | 5010000 | &nbsp;&nbsp;&nbsp; 5009015 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Foreign Government <br>(Cost $41,644,671) <br>|  | &nbsp;&nbsp;&nbsp; 41587238 |
| **Corporate Bonds & Notes—0.8%** | **Corporate Bonds & Notes—0.8%** | **Corporate Bonds & Notes—0.8%** |
| **Chemicals — 0.1%** | **Chemicals — 0.1%** | **Chemicals — 0.1%** |
| Equate Petrochemical Co. KSCC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 11/03/26 (144A) | 1540000 | &nbsp;&nbsp;&nbsp; 1523542 |
| **Electric — 0.7%** | **Electric — 0.7%** | **Electric — 0.7%** |
| Enel Chile SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 06/12/28 | 4000000 | &nbsp;&nbsp;&nbsp; 4021986 |
| Perusahaan Perseroan Persero PT Perusahaan Listrik Negara |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 05/21/28 (144A) | 4000000 | &nbsp;&nbsp;&nbsp; 4031188 |
|  |  | &nbsp;&nbsp;&nbsp; 8053174 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $9,543,188) <br>|  | &nbsp;&nbsp;&nbsp; 9576716 |
| **Asset-Backed Securities—0.0%** | **Asset-Backed Securities—0.0%** | **Asset-Backed Securities—0.0%** |
| **Asset-Backed - Other — 0.0%** | **Asset-Backed - Other — 0.0%** | **Asset-Backed - Other — 0.0%** |
| Structured Asset Securities Corp. Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.013%, 1M TSFR + 0.334%, 02/25/36 (144A) (d) <br>(Cost $1,962,077)<br>| 4520184 | &nbsp;&nbsp;&nbsp; 76382 |

---

**BHFTII-301**

------

**Brighthouse Funds Trust II**

**Western Asset Management U.S. Government Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Short-Term Investments—1.0%**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value**<br>|
| **Repurchase Agreement—1.0%** | **Repurchase Agreement—1.0%** | **Repurchase Agreement—1.0%** |
| Fixed Income Clearing Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 2.500%, due on <br> 04/01/26, with a maturity value of $11,978,456; <br> collateralized by U.S. Treasury Note at 4.375%, maturing <br> 07/15/27, with a market value of $12,217,202<br>| 11977624 | &nbsp;&nbsp;&nbsp; $11977624 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $11,977,624) <br>|  | &nbsp;&nbsp;&nbsp; 11977624 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—103.8% <br>(Cost $1,290,530,826) <br>|  | &nbsp;&nbsp;&nbsp; 1245150395 |
| Other assets and liabilities (net)—(3.8)%  |  | &nbsp;&nbsp;&nbsp; (45419981)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1199730414 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Principal amount stated in U.S. dollars unless otherwise noted.

(a) Principal amount of security is adjusted for inflation.

(b) All or a portion of the security was held on loan. As of March 31, 2026, the market value of securities loaned was $13,500,154 and the collateral received consisted of non-cash collateral with a value of $13,996,964. 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 <br> custodian, and cannot be sold or repledged by the Portfolio.<br>|
| (c) | Interest only security. |
| (d) | Variable or floating rate security. The stated rate represents the rate at March 31, 2026. <br> Maturity date shown for callable securities reflects the earliest possible call date. For <br> securities based on a published reference index and spread, the index and spread are <br> indicated in the description above. For certain variable rate securities, the coupon rate is <br> determined by the issuer/agent based on current market conditions. For certain asset- and <br> mortgage-backed securities, the coupon rate may fluctuate based on changes of the <br> underlying collateral or prepayments of principal. These securities do not indicate a reference <br> index and spread in their description above.<br>|
| (e) | TBA (To Be Announced) Securities are purchased on a forward commitment basis with an <br> approximate principal amount and no defined maturity date. The actual principal and <br> maturity date will be determined upon settlement date.<br>|
| (f) | Security is a "step up" bond where coupon increases or steps up at a predetermined date. <br> Rate shown is current coupon rate.<br>|
| (144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These <br> securities may be resold in transactions exempt from registration, normally to qualified <br> institutional buyers. As of March 31, 2026, the market value of 144A securities was <br> $54,731,002, which is 4.6% of net assets.<br>|

---

**Investments in Derivative Instruments**

**Futures Contracts** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Long** | **Expiration** <br>**Date**<br>| **Number of** <br>**Contracts**<br>| **Notional** <br>**Value** | **Notional** <br>**Value** | **Value/** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| U.S. Treasury Note 2 Year Futures | &nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp; 550 | USD | 114094921 | &nbsp;&nbsp; $(86022)<br>|
| U.S. Treasury Note 5 Year Futures | &nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp; 97 | USD | 10493430 | &nbsp;&nbsp; (68926)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Short** |  |  |  |  |  |
| U.S. Treasury Note 10 Year Futures | &nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp; (246)<br>| USD | (27317531)<br>| &nbsp;&nbsp; 86903 |
| Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | &nbsp;&nbsp; $(68045)<br>|

---

**Fair Value Hierarchy**

The following table summarizes the fair value hierarchy of the Portfolio's investments as of March 31, 2026. For more information about the Portfolio's policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Total U.S. Treasury & Government Agencies\* | &nbsp;&nbsp; $— | &nbsp;&nbsp; $670533942 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $670533942 |
| Total Agency Sponsored Mortgage-Backed Securities\* | &nbsp;&nbsp; — | &nbsp;&nbsp; 456800368 | &nbsp;&nbsp; — | &nbsp;&nbsp; 456800368 |
| Total Non-Agency Mortgage-Backed Securities\* | &nbsp;&nbsp; — | &nbsp;&nbsp; 54598125 | &nbsp;&nbsp; — | &nbsp;&nbsp; 54598125 |
| Total Foreign Government\* | &nbsp;&nbsp; — | &nbsp;&nbsp; 41587238 | &nbsp;&nbsp; — | &nbsp;&nbsp; 41587238 |
| Total Corporate Bonds & Notes\* | &nbsp;&nbsp; — | &nbsp;&nbsp; 9576716 | &nbsp;&nbsp; — | &nbsp;&nbsp; 9576716 |
| Total Asset-Backed Securities\* | &nbsp;&nbsp; — | &nbsp;&nbsp; 76382 | &nbsp;&nbsp; — | &nbsp;&nbsp; 76382 |
| Total Short-Term Investments\* | &nbsp;&nbsp; — | &nbsp;&nbsp; 11977624 | &nbsp;&nbsp; — | &nbsp;&nbsp; 11977624 |
| Total Investments | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1245150395 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1245150395 |
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Appreciation) | &nbsp;&nbsp; $86903 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $86903 |

---

**BHFTII-302**

------

**Brighthouse Funds Trust II**

**Western Asset Management U.S. Government Portfolio**

**Schedule of Investments as of March 31, 2026 (Unaudited)**

**Fair Value Hierarchy — (Continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; $(154948)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(154948)<br>|
| Total Futures Contracts | &nbsp;&nbsp;&nbsp; $(68045)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(68045)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Schedule of Investments for additional detailed categorizations.

**BHFTII-303**

------

**Brighthouse Funds Trust II**

**Notes to the Schedule of Investments**

**Investment Valuation and Fair Value Measurements**

Each Portfolio values its investments for purposes of calculating its net asset value ("NAV") using procedures that allow for a variety of methodologies to be used to value the Portfolio's investments. The specific methodology used for an investment may vary based on the market data available for a specific investment at the time a Portfolio calculates its NAV or based on other considerations. The procedures also permit a level of judgment to be used in the valuation process.

GAAP defines fair market value as the price that a 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 held by a Portfolio, if any, will be disclosed following the fair value hierarchy table in the Portfolio's Schedule of Investments**.**

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 a Portfolio determines its NAV to account for the market movement between the close of the foreign exchanges and the time as of which a Portfolio determines its NAV. A 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 a 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 (including the Underlying BIA Portfolios) are valued at the reported NAV per share on the valuation date and are categorized as Level 1 within the fair value hierarchy.

**BHFTII-304**

------

**Brighthouse Funds Trust II**

**Notes to the Schedule of Investments**

**Investment Valuation and Fair Value Measurements—(Continued)**

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"), and 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 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 to produce the daily settlement price. These securities are categorized as Level 2 within the fair value hierarchy.

If no current market quotation is 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 fair valuation procedures adopted by the Adviser. A market quotation is readily available only when that quotation is a quoted price (unadjusted) in active markets for identical investments that a 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 each 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 each 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 a 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 Financial Statements.

**BHFTII-305**

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Brighthouse Funds Trust II

- **b. Investment Company Act file number:** 811-03618

- **c. CIK number of Registrant:** 0000710826

- **d. LEI of Registrant:** 549300NPPA08K2CWOV06

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** Brighthouse Investment Advisers, LLC

  - **City:** Charlotte

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 28277

  - **Telephone number:** 980-949-5089

**Item A.2. Information about the Series.**

- **a. Name of Series:** Frontier Mid Cap Growth Portfolio

- **b. EDGAR series identifier (if any):** S000006500

- **c. LEI of Series:** 5493005OO6UF3KP3I577

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1025983719.10

**Total Liabilities:** $71600147.27

**Net Assets:** $954383571.83

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017769 | 4.61%                | 3.37%                | -7.78%               |
| Class ID C000017770 | 4.59%                | 3.37%                | -7.80%               |
| Class ID C000017771 | 4.57%                | 3.35%                | -7.77%               |
| Class ID C000030922 | 4.59%                | 3.35%                | -7.76%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $21856869.87             | $24004188.40                               |
| Month 2  | $11848275.66             | $22403835.08                               |
| Month 3  | $23739494.93             | $-105086310.30                             |

### Schedule of Portfolio Investments

| Name                                     | Title                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| API Group Corp                           | API Group Corp                           | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |    294302 | NS      | $11925117.04  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc                 | Agilent Technologies Inc                 | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |     56673 | NS      | $6459588.54   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies Inc                  | Akamai Technologies Inc                  | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |    213173 | NS      | $24482919.05  | 2.57%             |  |  |  | No            |                  1 | On Loan: —       |
| Align Technology Inc                     | Align Technology Inc                     | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |     70642 | NS      | $12110158.06  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                  | ATI Inc                                  | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |     74597 | NS      | $10850879.62  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc                 | Allegro MicroSystems Inc                 | CUSIP: 01749D105<br>LEI: 54930004TGPV6DR3LE12 | Long             | EC               | CORP              | US        |    142868 | NS      | $4504628.04   | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Alnylam Pharmaceuticals Inc              | Alnylam Pharmaceuticals Inc              | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |     16445 | NS      | $5441157.15   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                              | Cencora Inc                              | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |     58428 | NS      | $18354571.92  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                            | Amphenol Corp                            | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     67551 | NS      | $8535068.85   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                      | Arista Networks Inc                      | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     74266 | NS      | $9118379.48   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs Inc                          | Astera Labs Inc                          | CUSIP: 04626A103<br>LEI: 529900LJL8TUEGF7HG20 | Long             | EC               | CORP              | US        |     46080 | NS      | $5050368.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc                 | Builders FirstSource Inc                 | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |    150085 | NS      | $12356498.05  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc                    | Burlington Stores Inc                    | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |     40522 | NS      | $13185048.36  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc                   | CACI International Inc                   | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      8900 | NS      | $4840443.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Carlyle Group Inc/The                    | Carlyle Group Inc/The                    | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |     84303 | NS      | $4079422.17   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Celsius Holdings Inc                     | Celsius Holdings Inc                     | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    470393 | NS      | $16689543.64  | 1.75%             |  |  |  | No            |                  1 | On Loan: —       |
| Cheniere Energy Inc                      | Cheniere Energy Inc                      | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     75043 | NS      | $21294201.68  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc               | Chipotle Mexican Grill Inc               | CUSIP: 169656105<br>LEI: 529900REP5VGTPCP1J71 | Long             | EC               | CORP              | US        |    211553 | NS      | $6771811.53   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc                   | Church & Dwight Co Inc                   | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |     98692 | NS      | $9209937.44   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Circle Internet Group Inc                | Circle Internet Group Inc                | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Long             | EC               | CORP              | US        |    120960 | NS      | $11540793.60  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                              | Cintas Corp                              | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33484 | NS      | $5663483.76   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| DREYFUS TREASURY & AGENCY LEX            | DREYFUS TREASURY & AGENCY LEX            | CUSIP: 261908107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   5000000 | NS      | $5000000.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| MS GOVT US LEX                           | MS GOVT US LEX                           | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   5000000 | NS      | $5000000.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Fin Square Govt Fd         | Goldman Sachs Fin Square Govt Fd         | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2000000 | NS      | $2000000.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| FIGXX FID INST GOVT LEX                  | FIGXX FID INST GOVT LEX                  | CUSIP: 316175108<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  10000000 | NS      | $10000000.00  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                           | Cloudflare Inc                           | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |     85427 | NS      | $17627007.18  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank Of Nova Scotia, Toronto         | The Bank Of Nova Scotia, Toronto         | CUSIP: 000000000<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | RA               | CORP              | US        |   5000000 | PA      | $5000000.00   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Datadog Inc                              | Datadog Inc                              | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     50538 | NS      | $5966010.90   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp                     | Deckers Outdoor Corp                     | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     69486 | NS      | $6954853.74   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank Financial Inc              | National Bank Financial Inc              | CUSIP: 000000000<br>LEI: 549300D83GR71RNG0O65 | Long             | RA               | CORP              | US        |   2000000 | PA      | $2000000.00   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank Of Canada                  | National Bank Of Canada                  | CUSIP: 000000000<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | RA               | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank Of Canada                  | National Bank Of Canada                  | CUSIP: 000000000<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | RA               | CORP              | US        |   5000000 | PA      | $5000000.00   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Dexcom Inc                               | Dexcom Inc                               | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |    233748 | NS      | $14679374.40  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Inc                       | Domino's Pizza Inc                       | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |     26144 | NS      | $9380205.76   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| CONCORD MINUTEMEN CC LLC SER C           | CONCORD MINUTEMEN CC LLC SER C           | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   1999996 | PA      | $1999996.00   | 0.21%             | 2026-06-18      | Floating      | 4.01%                 | No            |                  2 | On Loan: No      |
| IONIC SER III CL A                       | IONIC SER III CL A                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    999892 | PA      | $999892.00    | 0.10%             | 2026-04-01      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS, NY                          | BNP PARIBAS, NY                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    999969 | PA      | $999969.00    | 0.10%             | 2026-05-12      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| Cantor Fitzgeral & Co                    | Cantor Fitzgeral & Co                    | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | Long             | RA               | CORP              | US        |   2000000 | PA      | $2000000.00   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Natwest Markets Securities Inc           | Natwest Markets Securities Inc           | CUSIP: 000000000<br>LEI: ZE2ZWJ5BTIQJ8M0C6K34 | Long             | RA               | CORP              | US        |   7995789 | PA      | $7995788.68   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Of Nova Scotia NY Agency            | Bank Of Nova Scotia NY Agency            | CUSIP: 000000000<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | RA               | CORP              | US        |   9000000 | PA      | $9000000.00   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Inc             | Citigroup Global Markets Inc             | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | RA               | CORP              | US        |   5000000 | PA      | $5000000.00   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| SVENSKA NY                               | SVENSKA NY                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   2000000 | PA      | $2000000.00   | 0.21%             | 2026-04-01      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE CIB, NY                  | CREDIT AGRICOLE CIB, NY                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   2000000 | PA      | $2000000.00   | 0.21%             | 2026-04-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| DZ BANK AG NEW YORK                      | DZ BANK AG NEW YORK                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   2000000 | PA      | $2000000.00   | 0.21%             | 2026-04-01      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| The Bank Of Nova Scotia, Toronto         | The Bank Of Nova Scotia, Toronto         | CUSIP: 000000000<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | RA               | CORP              | US        |   1500000 | PA      | $1500000.00   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Eagle Materials Inc                      | Eagle Materials Inc                      | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     49440 | NS      | $9366408.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: —       |
| Entegris Inc                             | Entegris Inc                             | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |     65584 | NS      | $7689068.16   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                          | Fair Isaac Corp                          | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |     13311 | NS      | $14210024.94  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust Inc        | First Industrial Realty Trust Inc        | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               |  | US        |    133877 | NS      | $7744784.45   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings Inc               | Floor & Decor Holdings Inc               | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |     77195 | NS      | $3921506.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| GE HealthCare Technologies Inc           | GE HealthCare Technologies Inc           | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |     91798 | NS      | $6534181.64   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                   | Guidewire Software Inc                   | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     56902 | NS      | $8510263.12   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc                   | IDEXX Laboratories Inc                   | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |     19108 | NS      | $10736594.12  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                               | Insmed Inc                               | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     76177 | NS      | $12456463.04  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                | Jabil Inc                                | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     34526 | NS      | $9171141.38   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                 | KLA Corp                                 | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      4350 | NS      | $6404983.50   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Holdings Inc | Knight-Swift Transportation Holdings Inc | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    387842 | NS      | $22331942.36  | 2.34%             |  |  |  | No            |                  1 | On Loan: —       |
| L3Harris Technologies Inc                | L3Harris Technologies Inc                | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     39025 | NS      | $13469478.75  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corp               | Lattice Semiconductor Corp               | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |    108249 | NS      | $10041177.24  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lemonade Inc                             | Lemonade Inc                             | CUSIP: 52567D107<br>LEI: 5493009BKR06OXXU6853 | Long             | EC               | CORP              | US        |     74916 | NS      | $4695734.88   | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| Lululemon Athletica Inc                  | Lululemon Athletica Inc                  | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |     41918 | NS      | $6417645.80   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                                 | MSCI Inc                                 | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      6776 | NS      | $3652331.76   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                   | Marvell Technology Inc                   | CUSIP: 573874104<br>LEI: 254900WVU0BM7ZCJ9E93 | Long             | EC               | CORP              | US        |    278359 | NS      | $27571458.95  | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International Inc         | Mettler-Toledo International Inc         | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |      7149 | NS      | $9016318.80   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc                              | MongoDB Inc                              | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |     41940 | NS      | $10265653.80  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc             | Monolithic Power Systems Inc             | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |     22624 | NS      | $24735950.40  | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                   | Motorola Solutions Inc                   | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     10544 | NS      | $4575779.68   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc                   | Mueller Industries Inc                   | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |    106471 | NS      | $11796986.80  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc                           | Murphy USA Inc                           | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |     22928 | NS      | $11325744.16  | 1.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Nasdaq Inc                               | Nasdaq Inc                               | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |     57969 | NS      | $4920988.41   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Natera Inc                               | Natera Inc                               | CUSIP: 632307104<br>LEI: 529900CQ3OZ0A0VYVU59 | Long             | EC               | CORP              | US        |     82803 | NS      | $16559771.97  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                   | Permian Resources Corp                   | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    430577 | NS      | $9179901.64   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc                       | Planet Fitness Inc                       | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |     50837 | NS      | $3781256.06   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp                                | Pool Corp                                | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |     15475 | NS      | $3131056.75   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Everpure Inc                             | Everpure Inc                             | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     83697 | NS      | $4941470.88   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc                      | Quanta Services Inc                      | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     31021 | NS      | $17031149.42  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                         | RBC Bearings Inc                         | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28847 | NS      | $15667382.64  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Reddit Inc                               | Reddit Inc                               | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Long             | EC               | CORP              | US        |     52023 | NS      | $7004896.95   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc                               | ResMed Inc                               | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |     35335 | NS      | $7932000.80   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                              | ROBLOX Corp                              | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Long             | EC               | CORP              | US        |    222231 | NS      | $12569385.36  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab Corp                          | Rocket Lab Corp                          | CUSIP: 773121108<br>LEI: 254900LNRW7906KUMM93 | Long             | EC               | CORP              | US        |    123424 | NS      | $7926289.28   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                              | Rollins Inc                              | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |    221297 | NS      | $11819472.77  | 1.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Ross Stores Inc                          | Ross Stores Inc                          | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |     14374 | NS      | $3113839.62   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| QXO Inc                                  | QXO Inc                                  | CUSIP: 82846H405<br>LEI: 549300HDXQWWCBOYXP31 | Long             | EC               | CORP              | US        |    458682 | NS      | $8907604.44   | 0.93%             |  |  |  | No            |                  1 | On Loan: —       |
| Skyworks Solutions Inc                   | Skyworks Solutions Inc                   | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |     98034 | NS      | $5249720.70   | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| Snowflake Inc                            | Snowflake Inc                            | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     38585 | NS      | $5819389.70   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Solstice Advanced Materials Inc          | Solstice Advanced Materials Inc          | CUSIP: 83443Q103<br>LEI: 2138004GZ4H9TW6HK435 | Long             | EC               | CORP              | US        |     87672 | NS      | $6677099.52   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                | Block Inc                                | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     68215 | NS      | $4105178.70   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp.              | FIXED INC CLEARING CORP.REPO             | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |  12475073 | PA      | $12475073.08  | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Stride Inc                               | Stride Inc                               | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |    137071 | NS      | $12085550.07  | 1.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Symbotic Inc                             | Symbotic Inc                             | CUSIP: 87151X101<br>LEI: 529900UN9QT55OG9I235 | Long             | EC               | CORP              | US        |     96832 | NS      | $5151462.40   | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Synaptics Inc                            | Synaptics Inc                            | CUSIP: 87157D109<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | EC               | CORP              | US        |     67808 | NS      | $4749272.32   | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| Teradyne Inc                             | Teradyne Inc                             | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     69881 | NS      | $20716921.26  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Trade Desk Inc/The                       | Trade Desk Inc/The                       | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |    173517 | NS      | $3937100.73   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                        | Tractor Supply Co                        | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |    196617 | NS      | $8906750.10   | 0.93%             |  |  |  | No            |                  1 | On Loan: —       |
| United Therapeutics Corp                 | United Therapeutics Corp                 | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |     31276 | NS      | $18546042.48  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                        | Veeva Systems Inc                        | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |     16279 | NS      | $2859569.14   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                       | Vertiv Holdings Co                       | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     24541 | NS      | $6149483.78   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                              | Vistra Corp                              | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |    102628 | NS      | $15428067.24  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc                    | Waste Connections Inc                    | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     37290 | NS      | $6057387.60   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                             | Wingstop Inc                             | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |     33073 | NS      | $5125322.81   | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Workday Inc                              | Workday Inc                              | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     61317 | NS      | $7966304.64   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                                  | XPO Inc                                  | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |    220885 | NS      | $42973176.75  | 4.50%             |  |  |  | No            |                  1 | On Loan: —       |
| Zscaler Inc                              | Zscaler Inc                              | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |     18640 | NS      | $2615005.60   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                  | Aon PLC                                  | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |     18977 | NS      | $6125396.06   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd                        | FTAI Aviation Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    105273 | NS      | $25791885.00  | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                               | STERIS PLC                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     30349 | NS      | $6711074.37   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon AG                                 | Alcon AG                                 | CUSIP: 000000000<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |     86886 | NS      | $6546860.10   | 0.69%             |  |  |  | No            |                  1 | On Loan: —       |
| NXP Semiconductors NV                    | NXP Semiconductors NV                    | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |     49776 | NS      | $9798903.36   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd              | Royal Caribbean Cruises Ltd              | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |    124713 | NS      | $34318523.34  | 3.60%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Brighthouse Funds Trust II

**Signature:** Alan Otis

**Name of Signer:** Alan Otis

**Title:** Treasurer