# EDGAR Filing Document

**Accession Number:** 0001126087
**File Stem:** 0001410368-26-055782
**Filing Date:** 2026-5
**Character Count:** 2790649
**Document Hash:** 94faec8514bc0a517aabd54ba9025b4a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-055782.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001410368-26-055782

**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 I
- **CENTRAL INDEX KEY:** 0001126087

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10183
- **FILM NUMBER:** 261036923

**BUSINESS ADDRESS:**
- **STREET 1:** BRIGHTHOUSE INVESTMENT ADVISERS, LLC
- **STREET 2:** 11225 NORTH COMMUNITY HOUSE RD
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28277
- **BUSINESS PHONE:** 9809495121

**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:** MET INVESTORS SERIES TRUST
- **DATE OF NAME CHANGE:** 20001010

## Series and Classes Contracts Data

### Brighthouse/Franklin Low Duration Total Return Portfolio (Series ID: S000032438)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000100086 | Class A      |  |
| C000100087 | Class B      |  |

## Nport-Ex

Brighthouse Funds Trust I

Schedule of Investments

March 31, 2026

------

**Brighthouse Funds Trust I**

**Table of Contents**

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

---

| | |
|:---|:---|
| Glossary of Abbreviations  | **BHFTI-**2 |
| **Schedule of Investments as of March 31, 2026** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AB Global Dynamic Allocation Portfolio  | **BHFTI-**3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AB International Bond Portfolio  | **BHFTI-**27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allspring Mid Cap Value Portfolio  | **BHFTI-**42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds<sup>®</sup> Aggressive Allocation Portfolio  | **BHFTI-**46 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds<sup>®</sup> Balanced Allocation Portfolio  | **BHFTI-**47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds<sup>®</sup> Growth Portfolio  | **BHFTI-**48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds<sup>®</sup> Moderate Allocation Portfolio  | **BHFTI-**49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BlackRock Global Tactical Strategies Portfolio  | **BHFTI-**50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BlackRock High Yield Portfolio  | **BHFTI-**54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brighthouse Asset Allocation 100 Portfolio  | **BHFTI-**81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brighthouse Balanced Plus Portfolio  | **BHFTI-**84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brighthouse Small Cap Value Portfolio  | **BHFTI-**89 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Artisan International Portfolio  | **BHFTI-**94 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Eaton Vance Floating Rate Portfolio  | **BHFTI-**97 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Franklin Low Duration Total Return Portfolio  | **BHFTI-**111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Templeton International Bond Portfolio  | **BHFTI-**128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Wellington Large Cap Research Portfolio  | **BHFTI-**131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CBRE Global Real Estate Portfolio  | **BHFTI-**136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harris Oakmark International Portfolio  | **BHFTI-**139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Invesco Balanced-Risk Allocation Portfolio  | **BHFTI-**142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Invesco Comstock Portfolio  | **BHFTI-**145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Invesco Global Equity Portfolio  | **BHFTI-**149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Invesco Small Cap Growth Portfolio  | **BHFTI-**152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Core Bond Portfolio  | **BHFTI-**156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Global Active Allocation Portfolio  | **BHFTI-**172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Small Cap Value Portfolio  | **BHFTI-**198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loomis Sayles Global Allocation Portfolio  | **BHFTI-**206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loomis Sayles Growth Portfolio  | **BHFTI-**218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MetLife Multi-Index Targeted Risk Portfolio  | **BHFTI-**221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MFS<sup>®</sup> Research International Portfolio  | **BHFTI-**223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Discovery Portfolio  | **BHFTI-**227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PanAgora Global Diversified Risk Portfolio  | **BHFTI-**232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PIMCO Inflation Protected Bond Portfolio  | **BHFTI-**240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PIMCO Total Return Portfolio  | **BHFTI-**255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Schroders Global Multi-Asset Portfolio  | **BHFTI-**284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Emerging Markets Enhanced Index Portfolio (formerly, SSGA Emerging Markets Enhanced Index Portfolio)  | **BHFTI-**303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Moderate ETF Portfolio (formerly, SSGA Growth and Income ETF Portfolio)  | **BHFTI-**312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Moderately Aggressive ETF Portfolio (formerly, SSGA Growth ETF Portfolio)  | **BHFTI-**315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; T. Rowe Price Large Cap Value Portfolio  | **BHFTI-**318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; T. Rowe Price Mid Cap Growth Portfolio  | **BHFTI-**323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TCW Core Fixed Income Portfolio  | **BHFTI-**329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Victory Sycamore Mid Cap Value Portfolio  | **BHFTI-**338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Western Asset Management Government Income Portfolio  | **BHFTI-**342 |
| Notes to the Schedule of Investments  | **BHFTI-**350 |

---

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

------

**Brighthouse Funds Trust I**

**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;(BNY) — Bank of New York Mellon

&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;(GSBU) — Goldman Sachs Bank USA

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(HSBCU) — HSBC Bank USA

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

&nbsp;&nbsp;&nbsp;&nbsp;(MBL) — Macquarie Bank Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;(MLI) — Merrill Lynch International

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(MSCS) — Morgan Stanley Capital Services LLC

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(RBC) — Royal Bank of Canada

&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;(UBSA) — UBS AG

Currencies

------

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

&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;(DKK) — Danish Krone

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

&nbsp;&nbsp;&nbsp;&nbsp;(EUR) — Euro

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(GHS) — Ghanaian Cedi

&nbsp;&nbsp;&nbsp;&nbsp;(HKD) — Hong Kong Dollar

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(ILS) — Israeli Shekel

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

&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;(NOK) — Norwegian Krone

&nbsp;&nbsp;&nbsp;&nbsp;(NZD) — New Zealand Dollar

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(RSD) — Serbian Dinar

&nbsp;&nbsp;&nbsp;&nbsp;(SEK) — Swedish Krona

&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;(TWD) — Taiwanese New Dollar

&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;

---

| | |
|:---|:---|
| (BBSW) | — Australian 3 Month Bank Bill Rate |
| (CDI) | — Brazil Interbank Deposit Rate |
| (CDX.NA.HY) | — Markit North America High Yield CDS Index |
| (CDX.NA.IG) | &nbsp;&nbsp;&nbsp;&nbsp; — Markit North America Investment Grade CDS <br> Index<br>|
| (CNRR) | — China 7 Day Reverse Repo Rates |
| (CORRA) | — Canadian Overnight Repo Rate Average |
| (CPALEMU) | &nbsp;&nbsp;&nbsp;&nbsp; — Euro Area All Items Index Non-Seasonally <br> Adjusted<br>|
| (CPURNSA) | &nbsp;&nbsp;&nbsp;&nbsp; — U.S. Consumer Price for All Urban Consumers <br> Non-Seasonally Adjusted<br>|
| (ECOFC) | &nbsp;&nbsp;&nbsp;&nbsp; — Enterprise 11th District COFI Replacement <br> Index<br>|
| (ESTR) | — Euro Short Term Rate |

---

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

---

| | |
|:---|:---|
| (EURIBOR) | — Euro Interbank Offered Rate |
| (FRCPXT) | — France Consumer Price ex-Tobacco Index |
| (H15) | &nbsp;&nbsp;&nbsp;&nbsp; — U.S. Treasury Yield Curve Rate T-Note <br> Constant Maturity Index<br>|
| (HICP) | — Harmonized Index of Consumer Prices |
| (ITRX.AUS) | — Markit iTraxx Australia Index |
| (ITRX.EUR) | — Markit iTraxx Europe CDS Index |
| (ITRX.EUR.XOVER) | — Markit iTraxx Europe Crossover CDS Index |
| (MTA) | — Monthly Treasury Average Index |
| (NZDBB) | — New Zealand Dollar Bank Bill Index |
| (PRIME) | — U.S. Federal Reserve Prime Rate |
| (RFUCCT) | &nbsp;&nbsp;&nbsp;&nbsp; — Refinitiv USD IBOR Consumer Cash Fallbacks <br> Term<br>|
| (SOFR) | — Secured Overnight Financing Rate |

---

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

&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;(SOFR90A) — Secured Overnight Financing Rate 90-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;(TONA) — Tokyo Overnight Average 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;(UKRPI) — United Kingdom Retail Price Index

&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;(USTBMM) — U.S. Treasury Bill Money Market Yield

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;(ARM) — Adjustable-Rate Mortgage

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(GDR) — Global Depositary Receipt

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(MTN) — Medium-Term Note

&nbsp;&nbsp;&nbsp;&nbsp;(NVDR) — Non-Voting Depository Receipts

&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

**BHFTI-2**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

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

**Common Stocks—55.6% 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 — 1.4%** | **Aerospace & Defense — 1.4%** | **Aerospace & Defense — 1.4%** |
| Airbus SE | 8820 | &nbsp;&nbsp;&nbsp; $1656620 |
| Axon Enterprise, Inc. (a) | 748 | &nbsp;&nbsp;&nbsp; 317668 |
| BAE Systems PLC | 44539 | &nbsp;&nbsp;&nbsp; 1296485 |
| Boeing Co. (a) | 7443 | &nbsp;&nbsp;&nbsp; 1481380 |
| CSG NV (a) | 2969 | &nbsp;&nbsp;&nbsp; 79890 |
| Dassault Aviation SA | 291 | &nbsp;&nbsp;&nbsp; 107932 |
| Elbit Systems Ltd.  | 414 | &nbsp;&nbsp;&nbsp; 346808 |
| General Dynamics Corp.  | 2405 | &nbsp;&nbsp;&nbsp; 825444 |
| General Electric Co.  | 9940 | &nbsp;&nbsp;&nbsp; 2820674 |
| Hensoldt AG | 943 | &nbsp;&nbsp;&nbsp; 81862 |
| Howmet Aerospace, Inc.  | 3800 | &nbsp;&nbsp;&nbsp; 875748 |
| Huntington Ingalls Industries, Inc.  | 372 | &nbsp;&nbsp;&nbsp; 141323 |
| Kongsberg Gruppen ASA | 6528 | &nbsp;&nbsp;&nbsp; 279517 |
| L3Harris Technologies, Inc.  | 1770 | &nbsp;&nbsp;&nbsp; 610916 |
| Leonardo SpA | 6005 | &nbsp;&nbsp;&nbsp; 403344 |
| Lockheed Martin Corp.  | 1919 | &nbsp;&nbsp;&nbsp; 1159824 |
| Melrose Industries PLC | 18655 | &nbsp;&nbsp;&nbsp; 125659 |
| MTU Aero Engines AG | 799 | &nbsp;&nbsp;&nbsp; 286045 |
| Northrop Grumman Corp.  | 1264 | &nbsp;&nbsp;&nbsp; 862351 |
| Rheinmetall AG | 683 | &nbsp;&nbsp;&nbsp; 1139041 |
| Rolls-Royce Holdings PLC | 124665 | &nbsp;&nbsp;&nbsp; 1903753 |
| RTX Corp.  | 12721 | &nbsp;&nbsp;&nbsp; 2453881 |
| Saab AB - Class B | 4753 | &nbsp;&nbsp;&nbsp; 311787 |
| Safran SA | 5279 | &nbsp;&nbsp;&nbsp; 1726460 |
| Singapore Technologies Engineering Ltd.  | 23171 | &nbsp;&nbsp;&nbsp; 197479 |
| Textron, Inc.  | 1651 | &nbsp;&nbsp;&nbsp; 144562 |
| Thales SA | 1375 | &nbsp;&nbsp;&nbsp; 403710 |
| TransDigm Group, Inc.  | 535 | &nbsp;&nbsp;&nbsp; 620044 |
|  |  | &nbsp;&nbsp;&nbsp; 22660207 |
| **Air Freight & Logistics — 0.2%** | **Air Freight & Logistics — 0.2%** | **Air Freight & Logistics — 0.2%** |
| CH Robinson Worldwide, Inc.  | 1124 | &nbsp;&nbsp;&nbsp; 186663 |
| Deutsche Post AG | 13652 | &nbsp;&nbsp;&nbsp; 704050 |
| DSV AS | 3033 | &nbsp;&nbsp;&nbsp; 724596 |
| Expeditors International of Washington, Inc.  | 1270 | &nbsp;&nbsp;&nbsp; 181902 |
| FedEx Corp.  | 2050 | &nbsp;&nbsp;&nbsp; 730169 |
| InPost SA (a) | 3711 | &nbsp;&nbsp;&nbsp; 65148 |
| United Parcel Service, Inc. - Class B | 7004 | &nbsp;&nbsp;&nbsp; 689053 |
|  |  | &nbsp;&nbsp;&nbsp; 3281581 |
| **Automobile Components — 0.1%** | **Automobile Components — 0.1%** | **Automobile Components — 0.1%** |
| Aisin Corp.  | 7298 | &nbsp;&nbsp;&nbsp; 101024 |
| Aptiv PLC (a) | 2133 | &nbsp;&nbsp;&nbsp; 148116 |
| Bridgestone Corp.  | 16942 | &nbsp;&nbsp;&nbsp; 351646 |
| Cie Generale des Etablissements Michelin SCA | 9693 | &nbsp;&nbsp;&nbsp; 330069 |
| Continental AG | 1633 | &nbsp;&nbsp;&nbsp; 112258 |
| Denso Corp.  | 25934 | &nbsp;&nbsp;&nbsp; 321999 |
| Sumitomo Electric Industries Ltd.  | 10601 | &nbsp;&nbsp;&nbsp; 593605 |
|  |  | &nbsp;&nbsp;&nbsp; 1958717 |
| **Automobiles — 1.0%** | **Automobiles — 1.0%** | **Automobiles — 1.0%** |
| Bayerische Motoren Werke AG | 4164 | &nbsp;&nbsp;&nbsp; 376069 |
| Ferrari NV | 1871 | &nbsp;&nbsp;&nbsp; 630659 |
| Ford Motor Co.  | 37137 | &nbsp;&nbsp;&nbsp; 428561 |
| General Motors Co.  | 8567 | &nbsp;&nbsp;&nbsp; 638241 |
| Honda Motor Co. Ltd.  | 54847 | &nbsp;&nbsp;&nbsp; 443964 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Automobiles—(Continued)** | **Automobiles—(Continued)** | **Automobiles—(Continued)** |
| Isuzu Motors Ltd.  | 7992 | &nbsp;&nbsp;&nbsp; $114801 |
| Mercedes-Benz Group AG | 10717 | &nbsp;&nbsp;&nbsp; 649285 |
| Nissan Motor Co. Ltd. (a) | 33061 | &nbsp;&nbsp;&nbsp; 70177 |
| Renault SA | 2853 | &nbsp;&nbsp;&nbsp; 96802 |
| Stellantis NV | 29928 | &nbsp;&nbsp;&nbsp; 213242 |
| Subaru Corp.  | 8726 | &nbsp;&nbsp;&nbsp; 139401 |
| Suzuki Motor Corp.  | 23318 | &nbsp;&nbsp;&nbsp; 279372 |
| Tesla, Inc. (a) | 26654 | &nbsp;&nbsp;&nbsp; 9908624 |
| Toyota Motor Corp.  | 140642 | &nbsp;&nbsp;&nbsp; 2915410 |
| Yamaha Motor Co. Ltd.  | 13582 | &nbsp;&nbsp;&nbsp; 96811 |
|  |  | &nbsp;&nbsp;&nbsp; 17001419 |
| **Banks — 3.9%** | **Banks — 3.9%** | **Banks — 3.9%** |
| ABN AMRO Bank NV | 8653 | &nbsp;&nbsp;&nbsp; 276767 |
| AIB Group PLC | 31708 | &nbsp;&nbsp;&nbsp; 337244 |
| ANZ Group Holdings Ltd.  | 44739 | &nbsp;&nbsp;&nbsp; 1124662 |
| Banca Monte dei Paschi di Siena SpA | 29306 | &nbsp;&nbsp;&nbsp; 255348 |
| Banco Bilbao Vizcaya Argentaria SA | 84740 | &nbsp;&nbsp;&nbsp; 1849563 |
| Banco BPM SpA | 16867 | &nbsp;&nbsp;&nbsp; 235657 |
| Banco Comercial Portugues SA - Class R | 109880 | &nbsp;&nbsp;&nbsp; 107717 |
| Banco de Sabadell SA | 74546 | &nbsp;&nbsp;&nbsp; 268016 |
| Banco Santander SA | 218053 | &nbsp;&nbsp;&nbsp; 2467340 |
| Bank Hapoalim BM | 18559 | &nbsp;&nbsp;&nbsp; 434399 |
| Bank Leumi Le-Israel BM | 21996 | &nbsp;&nbsp;&nbsp; 490186 |
| Bank of America Corp.  | 62886 | &nbsp;&nbsp;&nbsp; 3065692 |
| Bank of Ireland Group PLC | 14136 | &nbsp;&nbsp;&nbsp; 258696 |
| Bankinter SA | 10007 | &nbsp;&nbsp;&nbsp; 157536 |
| Banque Cantonale Vaudoise | 447 | &nbsp;&nbsp;&nbsp; 72417 |
| Barclays PLC | 205445 | &nbsp;&nbsp;&nbsp; 1082582 |
| BAWAG Group AG | 1143 | &nbsp;&nbsp;&nbsp; 174454 |
| BNP Paribas SA | 14918 | &nbsp;&nbsp;&nbsp; 1421104 |
| BOC Hong Kong Holdings Ltd.  | 54814 | &nbsp;&nbsp;&nbsp; 302031 |
| BPER Banca SpA | 21862 | &nbsp;&nbsp;&nbsp; 285382 |
| CaixaBank SA | 57332 | &nbsp;&nbsp;&nbsp; 687892 |
| Chiba Bank Ltd.  | 8393 | &nbsp;&nbsp;&nbsp; 108140 |
| Citigroup, Inc.  | 16561 | &nbsp;&nbsp;&nbsp; 1878183 |
| Citizens Financial Group, Inc.  | 4028 | &nbsp;&nbsp;&nbsp; 241559 |
| Commerzbank AG | 10876 | &nbsp;&nbsp;&nbsp; 390464 |
| Commonwealth Bank of Australia | 24841 | &nbsp;&nbsp;&nbsp; 2901605 |
| Credit Agricole SA | 15715 | &nbsp;&nbsp;&nbsp; 295019 |
| Danske Bank AS | 9913 | &nbsp;&nbsp;&nbsp; 481258 |
| DBS Group Holdings Ltd.  | 31567 | &nbsp;&nbsp;&nbsp; 1402627 |
| DNB Bank ASA | 13157 | &nbsp;&nbsp;&nbsp; 410333 |
| Erste Group Bank AG | 4569 | &nbsp;&nbsp;&nbsp; 493707 |
| Fifth Third Bancorp (b) | 8607 | &nbsp;&nbsp;&nbsp; 399881 |
| FinecoBank Banca Fineco SpA | 9077 | &nbsp;&nbsp;&nbsp; 201536 |
| HSBC Holdings PLC | 254958 | &nbsp;&nbsp;&nbsp; 4171936 |
| Huntington Bancshares, Inc.  | 19237 | &nbsp;&nbsp;&nbsp; 301059 |
| ING Groep NV | 43346 | &nbsp;&nbsp;&nbsp; 1132600 |
| Intesa Sanpaolo SpA | 206768 | &nbsp;&nbsp;&nbsp; 1256885 |
| Israel Discount Bank Ltd. - Class A | 18157 | &nbsp;&nbsp;&nbsp; 182049 |
| Japan Post Bank Co. Ltd.  | 26557 | &nbsp;&nbsp;&nbsp; 436920 |
| JPMorgan Chase & Co.  | 25552 | &nbsp;&nbsp;&nbsp; 7516376 |
| KBC Group NV | 3409 | &nbsp;&nbsp;&nbsp; 416731 |
| KeyCorp | 8880 | &nbsp;&nbsp;&nbsp; 178044 |
| Lloyds Banking Group PLC | 873931 | &nbsp;&nbsp;&nbsp; 1080139 |

---

**BHFTI-3**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| M&T Bank Corp.  | 1439 | &nbsp;&nbsp;&nbsp; $297470 |
| Mitsubishi UFJ Financial Group, Inc.  | 167378 | &nbsp;&nbsp;&nbsp; 2827963 |
| Mizrahi Tefahot Bank Ltd.  | 2315 | &nbsp;&nbsp;&nbsp; 167871 |
| Mizuho Financial Group, Inc.  | 37002 | &nbsp;&nbsp;&nbsp; 1476929 |
| National Australia Bank Ltd.  | 45529 | &nbsp;&nbsp;&nbsp; 1316761 |
| NatWest Group PLC | 118677 | &nbsp;&nbsp;&nbsp; 880590 |
| Nordea Bank Abp | 45861 | &nbsp;&nbsp;&nbsp; 789389 |
| Oversea-Chinese Banking Corp. Ltd.  | 50271 | &nbsp;&nbsp;&nbsp; 865816 |
| PNC Financial Services Group, Inc.  | 3828 | &nbsp;&nbsp;&nbsp; 796569 |
| Raiffeisen Bank International AG | 1953 | &nbsp;&nbsp;&nbsp; 83538 |
| Regions Financial Corp.  | 8226 | &nbsp;&nbsp;&nbsp; 214863 |
| Resona Holdings, Inc.  | 30861 | &nbsp;&nbsp;&nbsp; 343389 |
| Skandinaviska Enskilda Banken AB - Class A | 22467 | &nbsp;&nbsp;&nbsp; 412777 |
| Societe Generale SA | 10242 | &nbsp;&nbsp;&nbsp; 747831 |
| Standard Chartered PLC | 28486 | &nbsp;&nbsp;&nbsp; 591593 |
| Sumitomo Mitsui Financial Group, Inc.  | 54379 | &nbsp;&nbsp;&nbsp; 1792530 |
| Sumitomo Mitsui Trust Group, Inc.  | 9378 | &nbsp;&nbsp;&nbsp; 298436 |
| Svenska Handelsbanken AB - A Shares | 21644 | &nbsp;&nbsp;&nbsp; 282611 |
| Swedbank AB - A Shares | 12600 | &nbsp;&nbsp;&nbsp; 427797 |
| Truist Financial Corp.  | 11965 | &nbsp;&nbsp;&nbsp; 550031 |
| U.S. Bancorp | 14884 | &nbsp;&nbsp;&nbsp; 774117 |
| UniCredit SpA | 20808 | &nbsp;&nbsp;&nbsp; 1499371 |
| United Overseas Bank Ltd.  | 18575 | &nbsp;&nbsp;&nbsp; 534247 |
| Wells Fargo & Co.  | 29309 | &nbsp;&nbsp;&nbsp; 2333289 |
| Westpac Banking Corp.  | 50766 | &nbsp;&nbsp;&nbsp; 1394601 |
| Yokohama Financial Group, Inc.  | 15256 | &nbsp;&nbsp;&nbsp; 135632 |
|  |  | &nbsp;&nbsp;&nbsp; 63067747 |
| **Beverages — 0.6%** | **Beverages — 0.6%** | **Beverages — 0.6%** |
| Anheuser-Busch InBev SA | 14668 | &nbsp;&nbsp;&nbsp; 1017816 |
| Asahi Group Holdings Ltd.  | 22527 | &nbsp;&nbsp;&nbsp; 226080 |
| Brown-Forman Corp. - Class B | 1619 | &nbsp;&nbsp;&nbsp; 42806 |
| Carlsberg AS - Class B | 1395 | &nbsp;&nbsp;&nbsp; 174061 |
| Coca-Cola Co.  | 36691 | &nbsp;&nbsp;&nbsp; 2790351 |
| Coca-Cola Europacific Partners PLC | 3084 | &nbsp;&nbsp;&nbsp; 279626 |
| Coca-Cola HBC AG - Class DI | 3237 | &nbsp;&nbsp;&nbsp; 183502 |
| Constellation Brands, Inc. - Class A | 1331 | &nbsp;&nbsp;&nbsp; 199650 |
| Davide Campari-Milano NV | 9138 | &nbsp;&nbsp;&nbsp; 65083 |
| Diageo PLC | 33039 | &nbsp;&nbsp;&nbsp; 613875 |
| Heineken Holding NV | 1924 | &nbsp;&nbsp;&nbsp; 137620 |
| Heineken NV | 4274 | &nbsp;&nbsp;&nbsp; 328899 |
| Keurig Dr. Pepper, Inc.  | 12875 | &nbsp;&nbsp;&nbsp; 338999 |
| Kirin Holdings Co. Ltd.  | 11483 | &nbsp;&nbsp;&nbsp; 182700 |
| Molson Coors Beverage Co. - Class B | 1605 | &nbsp;&nbsp;&nbsp; 69111 |
| Monster Beverage Corp. (a) | 6759 | &nbsp;&nbsp;&nbsp; 489757 |
| PepsiCo, Inc.  | 12952 | &nbsp;&nbsp;&nbsp; 2011316 |
| Pernod Ricard SA | 2995 | &nbsp;&nbsp;&nbsp; 223544 |
| Suntory Beverage & Food Ltd.  | 2065 | &nbsp;&nbsp;&nbsp; 58394 |
|  |  | &nbsp;&nbsp;&nbsp; 9433190 |
| **Biotechnology — 0.7%** | **Biotechnology — 0.7%** | **Biotechnology — 0.7%** |
| AbbVie, Inc.  | 16750 | &nbsp;&nbsp;&nbsp; 3642957 |
| Amgen, Inc.  | 5103 | &nbsp;&nbsp;&nbsp; 1795491 |
| Argenx SE (a) | 918 | &nbsp;&nbsp;&nbsp; 668666 |
| Biogen, Inc. (a) | 1391 | &nbsp;&nbsp;&nbsp; 255012 |
| CSL Ltd.  | 7199 | &nbsp;&nbsp;&nbsp; 707219 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Biotechnology—(Continued)** | **Biotechnology—(Continued)** | **Biotechnology—(Continued)** |
| Genmab AS (a) | 906 | &nbsp;&nbsp;&nbsp; $242410 |
| Gilead Sciences, Inc.  | 11758 | &nbsp;&nbsp;&nbsp; 1638712 |
| Grifols SA | 4428 | &nbsp;&nbsp;&nbsp; 46507 |
| Incyte Corp. (a) | 1584 | &nbsp;&nbsp;&nbsp; 149086 |
| Moderna, Inc. (a) | 3296 | &nbsp;&nbsp;&nbsp; 167437 |
| Regeneron Pharmaceuticals, Inc.  | 955 | &nbsp;&nbsp;&nbsp; 737871 |
| Swedish Orphan Biovitrum AB (a) | 2918 | &nbsp;&nbsp;&nbsp; 121997 |
| Vertex Pharmaceuticals, Inc. (a) | 2407 | &nbsp;&nbsp;&nbsp; 1074822 |
|  |  | &nbsp;&nbsp;&nbsp; 11248187 |
| **Broadline Retail — 1.4%** | **Broadline Retail — 1.4%** | **Broadline Retail — 1.4%** |
| Amazon.com, Inc. (a) | 92581 | &nbsp;&nbsp;&nbsp; 19281845 |
| eBay, Inc.  | 4284 | &nbsp;&nbsp;&nbsp; 389930 |
| Next PLC | 1726 | &nbsp;&nbsp;&nbsp; 291069 |
| Pan Pacific International Holdings Corp.  | 28330 | &nbsp;&nbsp;&nbsp; 173782 |
| Prosus NV | 19416 | &nbsp;&nbsp;&nbsp; 887564 |
| Rakuten Group, Inc. (a) | 22561 | &nbsp;&nbsp;&nbsp; 105229 |
| Ryohin Keikaku Co. Ltd.  | 7500 | &nbsp;&nbsp;&nbsp; 159500 |
| Sea Ltd. (ADR) (a) | 5875 | &nbsp;&nbsp;&nbsp; 486509 |
| Wesfarmers Ltd.  | 16847 | &nbsp;&nbsp;&nbsp; 854015 |
|  |  | &nbsp;&nbsp;&nbsp; 22629443 |
| **Building Products — 0.3%** | **Building Products — 0.3%** | **Building Products — 0.3%** |
| A.O. Smith Corp.  | 1065 | &nbsp;&nbsp;&nbsp; 70226 |
| AGC, Inc.  | 2866 | &nbsp;&nbsp;&nbsp; 101072 |
| Allegion PLC | 815 | &nbsp;&nbsp;&nbsp; 118411 |
| Assa Abloy AB - Class B | 14874 | &nbsp;&nbsp;&nbsp; 533387 |
| Belimo Holding AG | 146 | &nbsp;&nbsp;&nbsp; 118007 |
| Builders FirstSource, Inc. (a) | 1048 | &nbsp;&nbsp;&nbsp; 86282 |
| Carrier Global Corp.  | 7446 | &nbsp;&nbsp;&nbsp; 419284 |
| Cie de Saint-Gobain SA | 6609 | &nbsp;&nbsp;&nbsp; 543889 |
| Daikin Industries Ltd.  | 3929 | &nbsp;&nbsp;&nbsp; 476650 |
| Geberit AG | 503 | &nbsp;&nbsp;&nbsp; 340371 |
| Johnson Controls International PLC | 5801 | &nbsp;&nbsp;&nbsp; 759641 |
| Kingspan Group PLC | 2272 | &nbsp;&nbsp;&nbsp; 191778 |
| Lennox International, Inc.  | 303 | &nbsp;&nbsp;&nbsp; 140632 |
| Masco Corp.  | 1930 | &nbsp;&nbsp;&nbsp; 116514 |
| Nibe Industrier AB - B Shares | 22496 | &nbsp;&nbsp;&nbsp; 93780 |
| Rockwool AS - B Shares | 1438 | &nbsp;&nbsp;&nbsp; 40143 |
| Trane Technologies PLC | 2098 | &nbsp;&nbsp;&nbsp; 874321 |
|  |  | &nbsp;&nbsp;&nbsp; 5024388 |
| **Capital Markets — 1.6%** | **Capital Markets — 1.6%** | **Capital Markets — 1.6%** |
| 3i Group PLC | 14742 | &nbsp;&nbsp;&nbsp; 483051 |
| Ameriprise Financial, Inc.  | 865 | &nbsp;&nbsp;&nbsp; 384406 |
| Amundi SA | 919 | &nbsp;&nbsp;&nbsp; 79040 |
| ARES Management Corp. - Class A | 1952 | &nbsp;&nbsp;&nbsp; 212963 |
| ASX Ltd.  | 2884 | &nbsp;&nbsp;&nbsp; 104704 |
| Bank of New York Mellon Corp.  | 6523 | &nbsp;&nbsp;&nbsp; 773823 |
| Blackrock, Inc.  | 1367 | &nbsp;&nbsp;&nbsp; 1314658 |
| Blackstone, Inc.  | 7095 | &nbsp;&nbsp;&nbsp; 815854 |
| Cboe Global Markets, Inc.  | 992 | &nbsp;&nbsp;&nbsp; 278821 |
| Charles Schwab Corp.  | 15830 | &nbsp;&nbsp;&nbsp; 1487703 |
| CME Group, Inc.  | 3417 | &nbsp;&nbsp;&nbsp; 1009211 |
| Coinbase Global, Inc. - Class A (a) | 2114 | &nbsp;&nbsp;&nbsp; 369126 |
| CVC Capital Partners PLC | 3156 | &nbsp;&nbsp;&nbsp; 41376 |

---

**BHFTI-4**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

**Consolidated 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)** |
| Daiwa Securities Group, Inc.  | 19758 | &nbsp;&nbsp;&nbsp; $185847 |
| Deutsche Bank AG | 26934 | &nbsp;&nbsp;&nbsp; 788142 |
| Deutsche Boerse AG | 2794 | &nbsp;&nbsp;&nbsp; 812317 |
| EQT AB | 7330 | &nbsp;&nbsp;&nbsp; 225093 |
| Euronext NV | 1154 | &nbsp;&nbsp;&nbsp; 185677 |
| FactSet Research Systems, Inc.  | 352 | &nbsp;&nbsp;&nbsp; 76380 |
| Franklin Resources, Inc.  | 2954 | &nbsp;&nbsp;&nbsp; 69773 |
| Futu Holdings Ltd. (ADR) (a) | 892 | &nbsp;&nbsp;&nbsp; 121990 |
| Goldman Sachs Group, Inc.  | 2842 | &nbsp;&nbsp;&nbsp; 2404304 |
| Hong Kong Exchanges & Clearing Ltd.  | 17827 | &nbsp;&nbsp;&nbsp; 903567 |
| Interactive Brokers Group, Inc. - Class A | 4221 | &nbsp;&nbsp;&nbsp; 283102 |
| Intercontinental Exchange, Inc.  | 5382 | &nbsp;&nbsp;&nbsp; 846481 |
| Invesco Ltd.  | 4208 | &nbsp;&nbsp;&nbsp; 102212 |
| Japan Exchange Group, Inc.  | 14529 | &nbsp;&nbsp;&nbsp; 168694 |
| Julius Baer Group Ltd.  | 3058 | &nbsp;&nbsp;&nbsp; 225340 |
| KKR & Co., Inc.  | 6505 | &nbsp;&nbsp;&nbsp; 601713 |
| London Stock Exchange Group PLC | 6802 | &nbsp;&nbsp;&nbsp; 803901 |
| Macquarie Group Ltd.  | 5373 | &nbsp;&nbsp;&nbsp; 762323 |
| Moody's Corp.  | 1454 | &nbsp;&nbsp;&nbsp; 634308 |
| Morgan Stanley | 11402 | &nbsp;&nbsp;&nbsp; 1876427 |
| MSCI, Inc.  | 696 | &nbsp;&nbsp;&nbsp; 375151 |
| Nasdaq, Inc. (b) | 4256 | &nbsp;&nbsp;&nbsp; 361292 |
| Nomura Holdings, Inc.  | 44587 | &nbsp;&nbsp;&nbsp; 352666 |
| Northern Trust Corp.  | 1766 | &nbsp;&nbsp;&nbsp; 246481 |
| Partners Group Holding AG | 337 | &nbsp;&nbsp;&nbsp; 362061 |
| Raymond James Financial, Inc.  | 1662 | &nbsp;&nbsp;&nbsp; 240641 |
| Robinhood Markets, Inc. - Class A (a) | 7490 | &nbsp;&nbsp;&nbsp; 519057 |
| S&P Global, Inc.  | 2900 | &nbsp;&nbsp;&nbsp; 1233486 |
| SBI Holdings, Inc.  | 8386 | &nbsp;&nbsp;&nbsp; 156210 |
| Schroders PLC | 10759 | &nbsp;&nbsp;&nbsp; 82036 |
| Singapore Exchange Ltd.  | 12719 | &nbsp;&nbsp;&nbsp; 195159 |
| State Street Corp.  | 2645 | &nbsp;&nbsp;&nbsp; 334751 |
| T. Rowe Price Group, Inc.  | 2072 | &nbsp;&nbsp;&nbsp; 186770 |
| UBS Group AG | 47117 | &nbsp;&nbsp;&nbsp; 1832569 |
|  |  | &nbsp;&nbsp;&nbsp; 25910657 |
| **Chemicals — 0.8%** | **Chemicals — 0.8%** | **Chemicals — 0.8%** |
| Air Liquide SA | 8599 | &nbsp;&nbsp;&nbsp; 1771397 |
| Air Products & Chemicals, Inc.  | 2110 | &nbsp;&nbsp;&nbsp; 612934 |
| Akzo Nobel NV | 2539 | &nbsp;&nbsp;&nbsp; 145701 |
| Albemarle Corp.  | 1117 | &nbsp;&nbsp;&nbsp; 200535 |
| Asahi Kasei Corp.  | 19235 | &nbsp;&nbsp;&nbsp; 186258 |
| BASF SE | 13245 | &nbsp;&nbsp;&nbsp; 800346 |
| CF Industries Holdings, Inc.  | 1478 | &nbsp;&nbsp;&nbsp; 191904 |
| Corteva, Inc.  | 6374 | &nbsp;&nbsp;&nbsp; 533568 |
| Dow, Inc.  | 6800 | &nbsp;&nbsp;&nbsp; 283220 |
| DSM-Firmenich AG | 2563 | &nbsp;&nbsp;&nbsp; 183051 |
| DuPont de Nemours, Inc.  | 3878 | &nbsp;&nbsp;&nbsp; 177612 |
| Ecolab, Inc.  | 2416 | &nbsp;&nbsp;&nbsp; 642704 |
| EMS-Chemie Holding AG | 104 | &nbsp;&nbsp;&nbsp; 81210 |
| Evonik Industries AG | 3805 | &nbsp;&nbsp;&nbsp; 73702 |
| Givaudan SA | 137 | &nbsp;&nbsp;&nbsp; 463376 |
| ICL Group Ltd.  | 11495 | &nbsp;&nbsp;&nbsp; 59229 |
| International Flavors & Fragrances, Inc.  | 2427 | &nbsp;&nbsp;&nbsp; 176079 |
| Linde PLC | 4425 | &nbsp;&nbsp;&nbsp; 2193738 |
| LyondellBasell Industries NV - Class A | 2440 | &nbsp;&nbsp;&nbsp; 196566 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Chemicals—(Continued)** | **Chemicals—(Continued)** | **Chemicals—(Continued)** |
| Mitsubishi Chemical Group Corp.  | 18165 | &nbsp;&nbsp;&nbsp; $105194 |
| Mosaic Co.  | 3008 | &nbsp;&nbsp;&nbsp; 76704 |
| Nippon Paint Holdings Co. Ltd.  | 14104 | &nbsp;&nbsp;&nbsp; 88032 |
| Nippon Sanso Holdings Corp.  | 2549 | &nbsp;&nbsp;&nbsp; 91007 |
| Nitto Denko Corp.  | 10091 | &nbsp;&nbsp;&nbsp; 201891 |
| Novonesis (Novozymes) - B Shares | 5229 | &nbsp;&nbsp;&nbsp; 309399 |
| PPG Industries, Inc.  | 2127 | &nbsp;&nbsp;&nbsp; 227334 |
| Sherwin-Williams Co.  | 2185 | &nbsp;&nbsp;&nbsp; 700402 |
| Shin-Etsu Chemical Co. Ltd.  | 25068 | &nbsp;&nbsp;&nbsp; 1019956 |
| Sika AG | 2263 | &nbsp;&nbsp;&nbsp; 376358 |
| Syensqo SA | 1080 | &nbsp;&nbsp;&nbsp; 62482 |
| Symrise AG | 1971 | &nbsp;&nbsp;&nbsp; 166881 |
| Toray Industries, Inc.  | 20604 | &nbsp;&nbsp;&nbsp; 145268 |
| Yara International ASA | 2458 | &nbsp;&nbsp;&nbsp; 143080 |
|  |  | &nbsp;&nbsp;&nbsp; 12687118 |
| **Commercial Services & Supplies — 0.2%** | **Commercial Services & Supplies — 0.2%** | **Commercial Services & Supplies — 0.2%** |
| Brambles Ltd.  | 20152 | &nbsp;&nbsp;&nbsp; 314894 |
| Cintas Corp.  | 3221 | &nbsp;&nbsp;&nbsp; 544800 |
| Copart, Inc. (a) | 8440 | &nbsp;&nbsp;&nbsp; 280208 |
| Dai Nippon Printing Co. Ltd.  | 5887 | &nbsp;&nbsp;&nbsp; 106903 |
| Rentokil Initial PLC | 37493 | &nbsp;&nbsp;&nbsp; 233118 |
| Republic Services, Inc.  | 1907 | &nbsp;&nbsp;&nbsp; 417671 |
| Rollins, Inc.  | 2781 | &nbsp;&nbsp;&nbsp; 148533 |
| Secom Co. Ltd.  | 5936 | &nbsp;&nbsp;&nbsp; 227927 |
| Securitas AB - B Shares | 7300 | &nbsp;&nbsp;&nbsp; 122717 |
| TOPPAN Holdings, Inc.  | 3479 | &nbsp;&nbsp;&nbsp; 92194 |
| Veralto Corp.  | 2357 | &nbsp;&nbsp;&nbsp; 208406 |
| Verisure PLC (a) | 3837 | &nbsp;&nbsp;&nbsp; 39719 |
| Waste Management, Inc.  | 3517 | &nbsp;&nbsp;&nbsp; 808171 |
|  |  | &nbsp;&nbsp;&nbsp; 3545261 |
| **Communications Equipment — 0.4%** | **Communications Equipment — 0.4%** | **Communications Equipment — 0.4%** |
| Arista Networks, Inc. (a) | 9786 | &nbsp;&nbsp;&nbsp; 1201525 |
| Ciena Corp. (a) | 1335 | &nbsp;&nbsp;&nbsp; 518287 |
| Cisco Systems, Inc.  | 37445 | &nbsp;&nbsp;&nbsp; 2905358 |
| F5, Inc. (a) (b) | 536 | &nbsp;&nbsp;&nbsp; 155081 |
| Lumentum Holdings, Inc. (a) (b) | 677 | &nbsp;&nbsp;&nbsp; 475768 |
| Motorola Solutions, Inc.  | 1570 | &nbsp;&nbsp;&nbsp; 681333 |
| Nokia OYJ | 78610 | &nbsp;&nbsp;&nbsp; 626517 |
| Telefonaktiebolaget LM Ericsson - B Shares (b) | 41533 | &nbsp;&nbsp;&nbsp; 470450 |
|  |  | &nbsp;&nbsp;&nbsp; 7034319 |
| **Construction & Engineering — 0.3%** | **Construction & Engineering — 0.3%** | **Construction & Engineering — 0.3%** |
| ACS Actividades de Construccion y Servicios SA | 2616 | &nbsp;&nbsp;&nbsp; 323710 |
| Bouygues SA | 2860 | &nbsp;&nbsp;&nbsp; 165001 |
| Comfort Systems USA, Inc.  | 334 | &nbsp;&nbsp;&nbsp; 460583 |
| Eiffage SA | 1018 | &nbsp;&nbsp;&nbsp; 156297 |
| EMCOR Group, Inc.  | 424 | &nbsp;&nbsp;&nbsp; 313043 |
| Ferrovial SE | 7622 | &nbsp;&nbsp;&nbsp; 495570 |
| HOCHTIEF AG | 231 | &nbsp;&nbsp;&nbsp; 101595 |
| Kajima Corp.  | 6305 | &nbsp;&nbsp;&nbsp; 239515 |
| Obayashi Corp.  | 9480 | &nbsp;&nbsp;&nbsp; 228298 |
| Quanta Services, Inc.  | 1413 | &nbsp;&nbsp;&nbsp; 775765 |
| Shimizu Corp.  | 7400 | &nbsp;&nbsp;&nbsp; 133400 |
| Skanska AB - B Shares | 5052 | &nbsp;&nbsp;&nbsp; 136252 |

---

**BHFTI-5**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Construction & Engineering—(Continued)** | **Construction & Engineering—(Continued)** | **Construction & Engineering—(Continued)** |
| Taisei Corp.  | 2151 | &nbsp;&nbsp;&nbsp; $224637 |
| Vinci SA | 7340 | &nbsp;&nbsp;&nbsp; 1099293 |
|  |  | &nbsp;&nbsp;&nbsp; 4852959 |
| **Construction Materials — 0.2%** | **Construction Materials — 0.2%** | **Construction Materials — 0.2%** |
| Buzzi SpA | 1144 | &nbsp;&nbsp;&nbsp; 57705 |
| CRH PLC | 6352 | &nbsp;&nbsp;&nbsp; 667722 |
| Heidelberg Materials AG | 1986 | &nbsp;&nbsp;&nbsp; 409034 |
| Holcim AG | 7571 | &nbsp;&nbsp;&nbsp; 628265 |
| Martin Marietta Materials, Inc.  | 572 | &nbsp;&nbsp;&nbsp; 336725 |
| Vulcan Materials Co.  | 1252 | &nbsp;&nbsp;&nbsp; 340920 |
|  |  | &nbsp;&nbsp;&nbsp; 2440371 |
| **Consumer Finance — 0.2%** | **Consumer Finance — 0.2%** | **Consumer Finance — 0.2%** |
| American Express Co.  | 5076 | &nbsp;&nbsp;&nbsp; 1535389 |
| Capital One Financial Corp.  | 5924 | &nbsp;&nbsp;&nbsp; 1080715 |
| Synchrony Financial | 3294 | &nbsp;&nbsp;&nbsp; 224058 |
|  |  | &nbsp;&nbsp;&nbsp; 2840162 |
| **Consumer Staples Distribution & Retail — 0.9%** | **Consumer Staples Distribution & Retail — 0.9%** | **Consumer Staples Distribution & Retail — 0.9%** |
| Aeon Co. Ltd.  | 33132 | &nbsp;&nbsp;&nbsp; 395449 |
| Carrefour SA | 8744 | &nbsp;&nbsp;&nbsp; 161202 |
| Coles Group Ltd.  | 19916 | &nbsp;&nbsp;&nbsp; 302282 |
| Costco Wholesale Corp.  | 4207 | &nbsp;&nbsp;&nbsp; 4191981 |
| Dollar General Corp.  | 2086 | &nbsp;&nbsp;&nbsp; 247671 |
| Dollar Tree, Inc. (a) | 1753 | &nbsp;&nbsp;&nbsp; 191971 |
| J Sainsbury PLC | 25515 | &nbsp;&nbsp;&nbsp; 114579 |
| Jeronimo Martins SGPS SA | 4204 | &nbsp;&nbsp;&nbsp; 100850 |
| Kesko OYJ - B Shares | 4054 | &nbsp;&nbsp;&nbsp; 89713 |
| Koninklijke Ahold Delhaize NV | 13226 | &nbsp;&nbsp;&nbsp; 617440 |
| Kroger Co.  | 5518 | &nbsp;&nbsp;&nbsp; 399282 |
| Marks & Spencer Group PLC | 30535 | &nbsp;&nbsp;&nbsp; 137140 |
| MatsukiyoCocokara & Co.  | 4850 | &nbsp;&nbsp;&nbsp; 77505 |
| Seven & i Holdings Co. Ltd.  | 31297 | &nbsp;&nbsp;&nbsp; 421239 |
| Sysco Corp.  | 4539 | &nbsp;&nbsp;&nbsp; 323767 |
| Target Corp.  | 4291 | &nbsp;&nbsp;&nbsp; 520069 |
| Tesco PLC | 94778 | &nbsp;&nbsp;&nbsp; 597607 |
| Tsuruha Holdings, Inc.  | 3391 | &nbsp;&nbsp;&nbsp; 53528 |
| Walmart, Inc.  | 41544 | &nbsp;&nbsp;&nbsp; 5163088 |
| Woolworths Group Ltd.  | 18129 | &nbsp;&nbsp;&nbsp; 456483 |
|  |  | &nbsp;&nbsp;&nbsp; 14562846 |
| **Containers & Packaging — 0.1%** | **Containers & Packaging — 0.1%** | **Containers & Packaging — 0.1%** |
| Amcor PLC | 4379 | &nbsp;&nbsp;&nbsp; 174065 |
| Avery Dennison Corp.  | 733 | &nbsp;&nbsp;&nbsp; 126575 |
| Ball Corp.  | 2540 | &nbsp;&nbsp;&nbsp; 150140 |
| International Paper Co.  | 5004 | &nbsp;&nbsp;&nbsp; 178643 |
| Packaging Corp. of America | 847 | &nbsp;&nbsp;&nbsp; 179750 |
| Smurfit Westrock PLC | 4951 | &nbsp;&nbsp;&nbsp; 197297 |
|  |  | &nbsp;&nbsp;&nbsp; 1006470 |
| **Distributors — 0.0%** | **Distributors — 0.0%** | **Distributors — 0.0%** |
| D'ieteren Group | 319 | &nbsp;&nbsp;&nbsp; 58976 |
| Genuine Parts Co.  | 1318 | &nbsp;&nbsp;&nbsp; 139378 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Distributors—(Continued)** | **Distributors—(Continued)** | **Distributors—(Continued)** |
| Pool Corp.  | 311 | &nbsp;&nbsp;&nbsp; $62925 |
|  |  | &nbsp;&nbsp;&nbsp; 261279 |
| **Diversified Consumer Services — 0.0%** | **Diversified Consumer Services — 0.0%** | **Diversified Consumer Services — 0.0%** |
| Pearson PLC | 8494 | &nbsp;&nbsp;&nbsp; 111459 |
| **Diversified REITs — 0.3%** | **Diversified REITs — 0.3%** | **Diversified REITs — 0.3%** |
| Activia Properties, Inc.  | 87 | &nbsp;&nbsp;&nbsp; 77089 |
| AEW U.K. REIT PLC | 6511 | &nbsp;&nbsp;&nbsp; 8575 |
| American Assets Trust, Inc.  | 2162 | &nbsp;&nbsp;&nbsp; 39802 |
| Argosy Property Ltd.  | 32089 | &nbsp;&nbsp;&nbsp; 20918 |
| Aspen Group Ltd.  | 8602 | &nbsp;&nbsp;&nbsp; 27248 |
| British Land Co. PLC | 40830 | &nbsp;&nbsp;&nbsp; 195219 |
| Broadstone Net Lease, Inc.  | 7888 | &nbsp;&nbsp;&nbsp; 144114 |
| CapitaLand Integrated Commercial Trust | 339266 | &nbsp;&nbsp;&nbsp; 609317 |
| Charter Hall Group | 19707 | &nbsp;&nbsp;&nbsp; 256000 |
| Charter Hall Long Wale REIT | 28509 | &nbsp;&nbsp;&nbsp; 66124 |
| Covivio SA | 3090 | &nbsp;&nbsp;&nbsp; 184742 |
| Custodian Property Income REIT PLC | 17427 | &nbsp;&nbsp;&nbsp; 18538 |
| Daiwa House REIT Investment Corp.  | 171 | &nbsp;&nbsp;&nbsp; 134979 |
| Essential Properties Realty Trust, Inc.  | 8262 | &nbsp;&nbsp;&nbsp; 250834 |
| Global Net Lease, Inc.  | 8241 | &nbsp;&nbsp;&nbsp; 77136 |
| GPT Group | 80618 | &nbsp;&nbsp;&nbsp; 253119 |
| Growthpoint Properties Australia Ltd.  | 10958 | &nbsp;&nbsp;&nbsp; 15999 |
| H&R Real Estate Investment Trust | 10885 | &nbsp;&nbsp;&nbsp; 76448 |
| Hankyu Hanshin REIT, Inc.  | 28 | &nbsp;&nbsp;&nbsp; 25815 |
| Heiwa Real Estate REIT, Inc.  | 42 | &nbsp;&nbsp;&nbsp; 37996 |
| Hulic Reit, Inc.  | 52 | &nbsp;&nbsp;&nbsp; 52966 |
| ICADE | 1920 | &nbsp;&nbsp;&nbsp; 43341 |
| KDX Realty Investment Corp.  | 156 | &nbsp;&nbsp;&nbsp; 158492 |
| Land Securities Group PLC | 41675 | &nbsp;&nbsp;&nbsp; 309239 |
| Mapletree Pan Asia Commercial Trust | 94454 | &nbsp;&nbsp;&nbsp; 97339 |
| Merlin Properties Socimi SA | 17445 | &nbsp;&nbsp;&nbsp; 283789 |
| Mirai Corp.  | 74 | &nbsp;&nbsp;&nbsp; 22330 |
| MIRARTH Real Estate Investment Corp.  | 36 | &nbsp;&nbsp;&nbsp; 19720 |
| Mirvac Group | 165340 | &nbsp;&nbsp;&nbsp; 203840 |
| Mori Trust Reit, Inc.  | 99 | &nbsp;&nbsp;&nbsp; 44698 |
| Nomura Real Estate Master Fund, Inc.  | 173 | &nbsp;&nbsp;&nbsp; 171172 |
| NTT UD REIT Investment Corp.  | 54 | &nbsp;&nbsp;&nbsp; 47266 |
| OUE Real Estate Investment Trust | 93380 | &nbsp;&nbsp;&nbsp; 25627 |
| Picton Property Income Ltd.  | 21469 | &nbsp;&nbsp;&nbsp; 21848 |
| Schroder Real Estate Investment Trust Ltd.  | 18614 | &nbsp;&nbsp;&nbsp; 11742 |
| Sekisui House Reit, Inc.  | 161 | &nbsp;&nbsp;&nbsp; 91196 |
| Shaftesbury Capital PLC | 61651 | &nbsp;&nbsp;&nbsp; 104585 |
| SK REITs Co. Ltd.  | 8260 | &nbsp;&nbsp;&nbsp; 33622 |
| Star Asia Investment Corp.  | 102 | &nbsp;&nbsp;&nbsp; 35629 |
| Stockland | 137292 | &nbsp;&nbsp;&nbsp; 411153 |
| Stoneweg Europe Stapled Trust | 15170 | &nbsp;&nbsp;&nbsp; 25839 |
| Stride Property Group | 20163 | &nbsp;&nbsp;&nbsp; 12517 |
| Sunlight Real Estate Investment Trust | 41310 | &nbsp;&nbsp;&nbsp; 11955 |
| Suntec Real Estate Investment Trust | 87888 | &nbsp;&nbsp;&nbsp; 100321 |
| United Urban Investment Corp.  | 133 | &nbsp;&nbsp;&nbsp; 143505 |
| WP Carey, Inc.  | 9106 | &nbsp;&nbsp;&nbsp; 618844 |
|  |  | &nbsp;&nbsp;&nbsp; 5622587 |

---

**BHFTI-6**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Diversified Telecommunication Services — 0.6%** | **Diversified Telecommunication Services — 0.6%** | **Diversified Telecommunication Services — 0.6%** |
| AT&T, Inc.  | 66347 | &nbsp;&nbsp;&nbsp; $1923400 |
| BT Group PLC | 88766 | &nbsp;&nbsp;&nbsp; 248809 |
| Cellnex Telecom SA (a) | 7090 | &nbsp;&nbsp;&nbsp; 230194 |
| Comcast Corp. - Class A | 34008 | &nbsp;&nbsp;&nbsp; 976370 |
| Deutsche Telekom AG | 54611 | &nbsp;&nbsp;&nbsp; 2013729 |
| Elisa OYJ | 2111 | &nbsp;&nbsp;&nbsp; 102355 |
| HKT Trust & HKT Ltd.  | 56578 | &nbsp;&nbsp;&nbsp; 88212 |
| Koninklijke KPN NV | 56796 | &nbsp;&nbsp;&nbsp; 315895 |
| NTT, Inc.  | 443441 | &nbsp;&nbsp;&nbsp; 440261 |
| Orange SA | 27633 | &nbsp;&nbsp;&nbsp; 564605 |
| Singapore Telecommunications Ltd.  | 110261 | &nbsp;&nbsp;&nbsp; 426837 |
| Swisscom AG | 384 | &nbsp;&nbsp;&nbsp; 320547 |
| Telecom Italia SpA (a) | 170658 | &nbsp;&nbsp;&nbsp; 119534 |
| Telefonica SA | 54704 | &nbsp;&nbsp;&nbsp; 241892 |
| Telenor ASA | 9140 | &nbsp;&nbsp;&nbsp; 160978 |
| Telia Co. AB | 35020 | &nbsp;&nbsp;&nbsp; 179076 |
| Telstra Group Ltd.  | 58470 | &nbsp;&nbsp;&nbsp; 215348 |
| Verizon Communications, Inc.  | 39965 | &nbsp;&nbsp;&nbsp; 2006243 |
|  |  | &nbsp;&nbsp;&nbsp; 10574285 |
| **Electric Utilities — 0.9%** | **Electric Utilities — 0.9%** | **Electric Utilities — 0.9%** |
| Acciona SA | 366 | &nbsp;&nbsp;&nbsp; 96590 |
| Alliant Energy Corp.  | 2436 | &nbsp;&nbsp;&nbsp; 174807 |
| American Electric Power Co., Inc.  | 5126 | &nbsp;&nbsp;&nbsp; 671916 |
| BKW AG | 314 | &nbsp;&nbsp;&nbsp; 61846 |
| Chubu Electric Power Co., Inc.  | 10108 | &nbsp;&nbsp;&nbsp; 165938 |
| CK Infrastructure Holdings Ltd.  | 9405 | &nbsp;&nbsp;&nbsp; 75065 |
| CLP Holdings Ltd.  | 24215 | &nbsp;&nbsp;&nbsp; 227993 |
| Constellation Energy Corp.  | 2953 | &nbsp;&nbsp;&nbsp; 824625 |
| Contact Energy Ltd.  | 13196 | &nbsp;&nbsp;&nbsp; 70437 |
| Duke Energy Corp.  | 7370 | &nbsp;&nbsp;&nbsp; 965028 |
| Edison International | 3647 | &nbsp;&nbsp;&nbsp; 266887 |
| EDP SA | 46576 | &nbsp;&nbsp;&nbsp; 246589 |
| Elia Group SA (a) | 648 | &nbsp;&nbsp;&nbsp; 99304 |
| Endesa SA | 4714 | &nbsp;&nbsp;&nbsp; 198792 |
| Enel SpA | 120721 | &nbsp;&nbsp;&nbsp; 1314273 |
| Entergy Corp.  | 4287 | &nbsp;&nbsp;&nbsp; 481687 |
| Evergy, Inc.  | 2182 | &nbsp;&nbsp;&nbsp; 178749 |
| Eversource Energy | 3556 | &nbsp;&nbsp;&nbsp; 246360 |
| Exelon Corp.  | 9694 | &nbsp;&nbsp;&nbsp; 475200 |
| FirstEnergy Corp. (b) | 4927 | &nbsp;&nbsp;&nbsp; 249602 |
| Fortum OYJ | 6659 | &nbsp;&nbsp;&nbsp; 169254 |
| Iberdrola SA | 95510 | &nbsp;&nbsp;&nbsp; 2192501 |
| Kansai Electric Power Co., Inc.  | 14053 | &nbsp;&nbsp;&nbsp; 231473 |
| NextEra Energy, Inc.  | 19737 | &nbsp;&nbsp;&nbsp; 1833173 |
| NRG Energy, Inc.  | 2013 | &nbsp;&nbsp;&nbsp; 294180 |
| Origin Energy Ltd.  | 24936 | &nbsp;&nbsp;&nbsp; 213711 |
| PG&E Corp.  | 20890 | &nbsp;&nbsp;&nbsp; 367037 |
| Pinnacle West Capital Corp.  | 1134 | &nbsp;&nbsp;&nbsp; 114251 |
| Power Assets Holdings Ltd.  | 20583 | &nbsp;&nbsp;&nbsp; 160369 |
| PPL Corp. (b) | 7011 | &nbsp;&nbsp;&nbsp; 267820 |
| Redeia Corp. SA | 6024 | &nbsp;&nbsp;&nbsp; 101945 |
| Southern Co.  | 10435 | &nbsp;&nbsp;&nbsp; 1007186 |
| SSE PLC | 17914 | &nbsp;&nbsp;&nbsp; 618464 |
| Terna - Rete Elettrica Nazionale | 20883 | &nbsp;&nbsp;&nbsp; 239149 |
| Verbund AG | 1011 | &nbsp;&nbsp;&nbsp; 77028 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Electric Utilities—(Continued)** | **Electric Utilities—(Continued)** | **Electric Utilities—(Continued)** |
| Xcel Energy, Inc.  | 5606 | &nbsp;&nbsp;&nbsp; $445341 |
|  |  | &nbsp;&nbsp;&nbsp; 15424570 |
| **Electrical Equipment — 1.0%** | **Electrical Equipment — 1.0%** | **Electrical Equipment — 1.0%** |
| ABB Ltd.  | 23104 | &nbsp;&nbsp;&nbsp; 1879110 |
| AMETEK, Inc.  | 2182 | &nbsp;&nbsp;&nbsp; 467734 |
| Eaton Corp. PLC (b) | 3681 | &nbsp;&nbsp;&nbsp; 1316583 |
| Emerson Electric Co.  | 5326 | &nbsp;&nbsp;&nbsp; 697813 |
| Fuji Electric Co. Ltd. (b) | 2099 | &nbsp;&nbsp;&nbsp; 146986 |
| Fujikura Ltd.  | 22200 | &nbsp;&nbsp;&nbsp; 604039 |
| GE Vernova, Inc.  | 2554 | &nbsp;&nbsp;&nbsp; 2229387 |
| Generac Holdings, Inc. (a) | 556 | &nbsp;&nbsp;&nbsp; 108603 |
| Hubbell, Inc.  | 504 | &nbsp;&nbsp;&nbsp; 247333 |
| Legrand SA | 3892 | &nbsp;&nbsp;&nbsp; 601410 |
| Mitsubishi Electric Corp.  | 28187 | &nbsp;&nbsp;&nbsp; 920517 |
| NIDEC Corp.  | 12401 | &nbsp;&nbsp;&nbsp; 156072 |
| Prysmian SpA | 4179 | &nbsp;&nbsp;&nbsp; 488666 |
| Rockwell Automation, Inc.  | 1065 | &nbsp;&nbsp;&nbsp; 382207 |
| Schneider Electric SE | 8139 | &nbsp;&nbsp;&nbsp; 2235540 |
| Siemens Energy AG | 11504 | &nbsp;&nbsp;&nbsp; 1893277 |
| Vertiv Holdings Co. - Class A | 3626 | &nbsp;&nbsp;&nbsp; 908603 |
| Vestas Wind Systems AS | 14985 | &nbsp;&nbsp;&nbsp; 448658 |
|  |  | &nbsp;&nbsp;&nbsp; 15732538 |
| **Electronic Equipment, Instruments & Components — 0.5%** | **Electronic Equipment, Instruments & Components — 0.5%** | **Electronic Equipment, Instruments & Components — 0.5%** |
| Amphenol Corp. - Class A | 11650 | &nbsp;&nbsp;&nbsp; 1471978 |
| CDW Corp.  | 1234 | &nbsp;&nbsp;&nbsp; 149339 |
| Coherent Corp. (a) | 1777 | &nbsp;&nbsp;&nbsp; 423299 |
| Corning, Inc.  | 7399 | &nbsp;&nbsp;&nbsp; 1006042 |
| Halma PLC | 5633 | &nbsp;&nbsp;&nbsp; 286182 |
| Hexagon AB - B Shares | 30809 | &nbsp;&nbsp;&nbsp; 299767 |
| Ibiden Co. Ltd.  | 3600 | &nbsp;&nbsp;&nbsp; 176553 |
| Jabil, Inc.  | 1001 | &nbsp;&nbsp;&nbsp; 265896 |
| Keyence Corp.  | 2850 | &nbsp;&nbsp;&nbsp; 1009342 |
| Keysight Technologies, Inc. (a) | 1626 | &nbsp;&nbsp;&nbsp; 459134 |
| Kyocera Corp.  | 19050 | &nbsp;&nbsp;&nbsp; 294503 |
| Murata Manufacturing Co. Ltd.  | 24720 | &nbsp;&nbsp;&nbsp; 554240 |
| Shimadzu Corp.  | 3548 | &nbsp;&nbsp;&nbsp; 84169 |
| TDK Corp.  | 28880 | &nbsp;&nbsp;&nbsp; 374444 |
| TE Connectivity PLC | 2781 | &nbsp;&nbsp;&nbsp; 581285 |
| Teledyne Technologies, Inc. (a) | 445 | &nbsp;&nbsp;&nbsp; 269229 |
| Yokogawa Electric Corp.  | 3427 | &nbsp;&nbsp;&nbsp; 106155 |
| Zebra Technologies Corp. - Class A (a) | 466 | &nbsp;&nbsp;&nbsp; 97431 |
|  |  | &nbsp;&nbsp;&nbsp; 7908988 |
| **Energy Equipment & Services — 0.1%** | **Energy Equipment & Services — 0.1%** | **Energy Equipment & Services — 0.1%** |
| Baker Hughes Co.  | 9366 | &nbsp;&nbsp;&nbsp; 571794 |
| Halliburton Co.  | 7938 | &nbsp;&nbsp;&nbsp; 309502 |
| SLB Ltd.  | 14171 | &nbsp;&nbsp;&nbsp; 728248 |
| Tenaris SA | 5569 | &nbsp;&nbsp;&nbsp; 162668 |
|  |  | &nbsp;&nbsp;&nbsp; 1772212 |
| **Entertainment — 0.6%** | **Entertainment — 0.6%** | **Entertainment — 0.6%** |
| Capcom Co. Ltd.  | 5097 | &nbsp;&nbsp;&nbsp; 108081 |
| CTS Eventim AG & Co. KGaA | 926 | &nbsp;&nbsp;&nbsp; 53106 |

---

**BHFTI-7**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Entertainment—(Continued)** | **Entertainment—(Continued)** | **Entertainment—(Continued)** |
| Electronic Arts, Inc.  | 2135 | &nbsp;&nbsp;&nbsp; $435262 |
| Konami Group Corp.  | 1520 | &nbsp;&nbsp;&nbsp; 189118 |
| Live Nation Entertainment, Inc. (a) (b) | 1496 | &nbsp;&nbsp;&nbsp; 228155 |
| Netflix, Inc. (a) | 40014 | &nbsp;&nbsp;&nbsp; 3847346 |
| Nexon Co. Ltd.  | 5556 | &nbsp;&nbsp;&nbsp; 104719 |
| Nintendo Co. Ltd. (b) | 16387 | &nbsp;&nbsp;&nbsp; 935056 |
| Spotify Technology SA (a) | 2324 | &nbsp;&nbsp;&nbsp; 1126931 |
| Take-Two Interactive Software, Inc. (a) | 1650 | &nbsp;&nbsp;&nbsp; 325875 |
| TKO Group Holdings, Inc.  | 628 | &nbsp;&nbsp;&nbsp; 126636 |
| Toho Co. Ltd.  | 7905 | &nbsp;&nbsp;&nbsp; 83388 |
| Universal Music Group NV | 16330 | &nbsp;&nbsp;&nbsp; 316642 |
| Walt Disney Co.  | 16789 | &nbsp;&nbsp;&nbsp; 1618124 |
| Warner Bros Discovery, Inc. (a) | 23488 | &nbsp;&nbsp;&nbsp; 644981 |
|  |  | &nbsp;&nbsp;&nbsp; 10143420 |
| **Financial Services — 1.4%** | **Financial Services — 1.4%** | **Financial Services — 1.4%** |
| Adyen NV (a) | 374 | &nbsp;&nbsp;&nbsp; 374243 |
| Apollo Global Management, Inc. (b) | 4401 | &nbsp;&nbsp;&nbsp; 490359 |
| Banca Mediolanum SpA | 3319 | &nbsp;&nbsp;&nbsp; 67410 |
| Berkshire Hathaway, Inc. - Class B (a) | 17379 | &nbsp;&nbsp;&nbsp; 8328017 |
| Block, Inc. (a) | 5190 | &nbsp;&nbsp;&nbsp; 312334 |
| Corpay, Inc. (a) | 663 | &nbsp;&nbsp;&nbsp; 192926 |
| EXOR NV | 1388 | &nbsp;&nbsp;&nbsp; 106379 |
| Fidelity National Information Services, Inc.  | 4908 | &nbsp;&nbsp;&nbsp; 230234 |
| Fiserv, Inc. (a) | 5097 | &nbsp;&nbsp;&nbsp; 284413 |
| Global Payments, Inc.  | 2255 | &nbsp;&nbsp;&nbsp; 151761 |
| Groupe Bruxelles Lambert NV | 1186 | &nbsp;&nbsp;&nbsp; 107205 |
| Industrivarden AB - A Shares | 1608 | &nbsp;&nbsp;&nbsp; 80019 |
| Industrivarden AB - C Shares | 2317 | &nbsp;&nbsp;&nbsp; 115396 |
| Infratil Ltd.  | 14092 | &nbsp;&nbsp;&nbsp; 94880 |
| Investor AB - B Shares | 27036 | &nbsp;&nbsp;&nbsp; 1023439 |
| Jack Henry & Associates, Inc.  | 684 | &nbsp;&nbsp;&nbsp; 108099 |
| L E Lundbergforetagen AB - B Shares | 1128 | &nbsp;&nbsp;&nbsp; 64428 |
| M&G PLC | 33971 | &nbsp;&nbsp;&nbsp; 123475 |
| Mastercard, Inc. - Class A | 7718 | &nbsp;&nbsp;&nbsp; 3856376 |
| Mitsubishi HC Capital, Inc.  | 13105 | &nbsp;&nbsp;&nbsp; 117085 |
| ORIX Corp.  | 17217 | &nbsp;&nbsp;&nbsp; 515821 |
| PayPal Holdings, Inc.  | 8725 | &nbsp;&nbsp;&nbsp; 394632 |
| Poste Italiane SpA | 6785 | &nbsp;&nbsp;&nbsp; 159635 |
| Sofina SA | 245 | &nbsp;&nbsp;&nbsp; 59358 |
| Sony Financial Group, Inc. (b) | 90159 | &nbsp;&nbsp;&nbsp; 82134 |
| Visa, Inc. - Class A | 15932 | &nbsp;&nbsp;&nbsp; 4815288 |
| Washington H Soul Pattinson & Co. Ltd.  | 5075 | &nbsp;&nbsp;&nbsp; 141861 |
| Wise PLC - Class A (a) | 9890 | &nbsp;&nbsp;&nbsp; 118702 |
|  |  | &nbsp;&nbsp;&nbsp; 22515909 |
| **Food Products — 0.6%** | **Food Products — 0.6%** | **Food Products — 0.6%** |
| Ajinomoto Co., Inc.  | 13422 | &nbsp;&nbsp;&nbsp; 376334 |
| Archer-Daniels-Midland Co.  | 4554 | &nbsp;&nbsp;&nbsp; 331030 |
| Associated British Foods PLC | 4782 | &nbsp;&nbsp;&nbsp; 119684 |
| Barry Callebaut AG | 53 | &nbsp;&nbsp;&nbsp; 92927 |
| Bunge Global SA | 1283 | &nbsp;&nbsp;&nbsp; 163198 |
| Campbell's Co. (b) | 1865 | &nbsp;&nbsp;&nbsp; 41534 |
| Chocoladefabriken Lindt & Spruengli AG | 2 | &nbsp;&nbsp;&nbsp; 284444 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chocoladefabriken Lindt & Spruengli AG (Participation <br> Certificate)<br>| 14 | &nbsp;&nbsp;&nbsp; 196582 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Food Products—(Continued)** | **Food Products—(Continued)** | **Food Products—(Continued)** |
| Conagra Brands, Inc.  | 4534 | &nbsp;&nbsp;&nbsp; $71274 |
| Danone SA | 9606 | &nbsp;&nbsp;&nbsp; 771479 |
| General Mills, Inc.  | 5057 | &nbsp;&nbsp;&nbsp; 188222 |
| Hershey Co.  | 1404 | &nbsp;&nbsp;&nbsp; 291878 |
| Hormel Foods Corp.  | 2763 | &nbsp;&nbsp;&nbsp; 62582 |
| J.M. Smucker Co.  | 1011 | &nbsp;&nbsp;&nbsp; 97501 |
| JDE Peet's NV | 2536 | &nbsp;&nbsp;&nbsp; 93373 |
| Kerry Group PLC - Class A | 2388 | &nbsp;&nbsp;&nbsp; 189120 |
| Kikkoman Corp. (b) | 10093 | &nbsp;&nbsp;&nbsp; 92004 |
| Kraft Heinz Co.  | 8077 | &nbsp;&nbsp;&nbsp; 181652 |
| Lotus Bakeries NV | 6 | &nbsp;&nbsp;&nbsp; 68186 |
| Magnum Ice Cream Co. NV (a) | 7271 | &nbsp;&nbsp;&nbsp; 107316 |
| McCormick & Co., Inc.  | 2403 | &nbsp;&nbsp;&nbsp; 121207 |
| Mondelez International, Inc. - Class A | 12253 | &nbsp;&nbsp;&nbsp; 706263 |
| Mowi ASA | 7044 | &nbsp;&nbsp;&nbsp; 160002 |
| Nestle SA | 38247 | &nbsp;&nbsp;&nbsp; 3793679 |
| Orkla ASA | 10405 | &nbsp;&nbsp;&nbsp; 130860 |
| Salmar ASA | 1005 | &nbsp;&nbsp;&nbsp; 58706 |
| Tyson Foods, Inc. - Class A | 2673 | &nbsp;&nbsp;&nbsp; 171259 |
| WH Group Ltd.  | 123898 | &nbsp;&nbsp;&nbsp; 163258 |
| Wilmar International Ltd.  | 28557 | &nbsp;&nbsp;&nbsp; 86035 |
|  |  | &nbsp;&nbsp;&nbsp; 9211589 |
| **Gas Utilities — 0.1%** | **Gas Utilities — 0.1%** | **Gas Utilities — 0.1%** |
| APA Group | 19523 | &nbsp;&nbsp;&nbsp; 134250 |
| Atmos Energy Corp.  | 1568 | &nbsp;&nbsp;&nbsp; 289641 |
| Hong Kong & China Gas Co. Ltd.  | 166278 | &nbsp;&nbsp;&nbsp; 152417 |
| Italgas SpA | 9046 | &nbsp;&nbsp;&nbsp; 105365 |
| Naturgy Energy Group SA | 3598 | &nbsp;&nbsp;&nbsp; 108025 |
| Osaka Gas Co. Ltd.  | 5315 | &nbsp;&nbsp;&nbsp; 215533 |
| Snam SpA | 29930 | &nbsp;&nbsp;&nbsp; 227633 |
| Tokyo Gas Co. Ltd.  | 4695 | &nbsp;&nbsp;&nbsp; 221683 |
|  |  | &nbsp;&nbsp;&nbsp; 1454547 |
| **Ground Transportation — 0.4%** | **Ground Transportation — 0.4%** | **Ground Transportation — 0.4%** |
| Ayvens SA | 5236 | &nbsp;&nbsp;&nbsp; 61687 |
| Central Japan Railway Co.  | 11420 | &nbsp;&nbsp;&nbsp; 295722 |
| CSX Corp.  | 17623 | &nbsp;&nbsp;&nbsp; 723424 |
| East Japan Railway Co.  | 14329 | &nbsp;&nbsp;&nbsp; 327019 |
| Grab Holdings Ltd. - Class A (a) | 35313 | &nbsp;&nbsp;&nbsp; 129245 |
| Hankyu Hanshin Holdings, Inc.  | 3535 | &nbsp;&nbsp;&nbsp; 102190 |
| JB Hunt Transport Services, Inc.  | 708 | &nbsp;&nbsp;&nbsp; 150025 |
| MTR Corp. Ltd.  | 23000 | &nbsp;&nbsp;&nbsp; 94384 |
| Norfolk Southern Corp.  | 2128 | &nbsp;&nbsp;&nbsp; 610736 |
| Old Dominion Freight Line, Inc.  | 1744 | &nbsp;&nbsp;&nbsp; 340778 |
| Seibu Holdings, Inc.  | 3100 | &nbsp;&nbsp;&nbsp; 86564 |
| Tokyu Corp.  | 7467 | &nbsp;&nbsp;&nbsp; 88199 |
| Uber Technologies, Inc. (a) | 19505 | &nbsp;&nbsp;&nbsp; 1402995 |
| Union Pacific Corp.  | 5624 | &nbsp;&nbsp;&nbsp; 1364495 |
| West Japan Railway Co.  | 6109 | &nbsp;&nbsp;&nbsp; 121338 |
|  |  | &nbsp;&nbsp;&nbsp; 5898801 |
| **Health Care Equipment & Supplies — 0.9%** | **Health Care Equipment & Supplies — 0.9%** | **Health Care Equipment & Supplies — 0.9%** |
| Abbott Laboratories | 16480 | &nbsp;&nbsp;&nbsp; 1692002 |
| Alcon AG | 7416 | &nbsp;&nbsp;&nbsp; 556355 |
| Align Technology, Inc. (a) | 632 | &nbsp;&nbsp;&nbsp; 108344 |

---

**BHFTI-8**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Health Care Equipment & Supplies—(Continued)** | **Health Care Equipment & Supplies—(Continued)** | **Health Care Equipment & Supplies—(Continued)** |
| Baxter International, Inc.  | 4876 | &nbsp;&nbsp;&nbsp; $81917 |
| Becton Dickinson & Co.  | 2699 | &nbsp;&nbsp;&nbsp; 424364 |
| BioMerieux | 615 | &nbsp;&nbsp;&nbsp; 65493 |
| Boston Scientific Corp. (a) | 14055 | &nbsp;&nbsp;&nbsp; 881951 |
| Cochlear Ltd.  | 971 | &nbsp;&nbsp;&nbsp; 114030 |
| Coloplast AS - Class B | 1872 | &nbsp;&nbsp;&nbsp; 127639 |
| Cooper Cos., Inc. (a) | 1857 | &nbsp;&nbsp;&nbsp; 132775 |
| Demant AS (a) | 1428 | &nbsp;&nbsp;&nbsp; 43399 |
| Dexcom, Inc. (a) | 3647 | &nbsp;&nbsp;&nbsp; 229032 |
| Edwards Lifesciences Corp. (a) | 5500 | &nbsp;&nbsp;&nbsp; 440440 |
| EssilorLuxottica SA | 4470 | &nbsp;&nbsp;&nbsp; 1040327 |
| Fisher & Paykel Healthcare Corp. Ltd.  | 8717 | &nbsp;&nbsp;&nbsp; 188820 |
| GE HealthCare Technologies, Inc.  | 4319 | &nbsp;&nbsp;&nbsp; 307426 |
| Hologic, Inc. (a) | 2109 | &nbsp;&nbsp;&nbsp; 159419 |
| Hoya Corp.  | 5061 | &nbsp;&nbsp;&nbsp; 873002 |
| IDEXX Laboratories, Inc. (a) | 757 | &nbsp;&nbsp;&nbsp; 425351 |
| Insulet Corp. (a) | 667 | &nbsp;&nbsp;&nbsp; 139963 |
| Intuitive Surgical, Inc. (a) | 3366 | &nbsp;&nbsp;&nbsp; 1551692 |
| Koninklijke Philips NV | 11431 | &nbsp;&nbsp;&nbsp; 313092 |
| Medtronic PLC | 12150 | &nbsp;&nbsp;&nbsp; 1052797 |
| Olympus Corp.  | 16549 | &nbsp;&nbsp;&nbsp; 157553 |
| ResMed, Inc.  | 1381 | &nbsp;&nbsp;&nbsp; 310007 |
| Siemens Healthineers AG | 5023 | &nbsp;&nbsp;&nbsp; 210717 |
| Smith & Nephew PLC | 11982 | &nbsp;&nbsp;&nbsp; 189274 |
| Solventum Corp. (a) | 1397 | &nbsp;&nbsp;&nbsp; 91224 |
| Sonova Holding AG | 752 | &nbsp;&nbsp;&nbsp; 170458 |
| STERIS PLC | 929 | &nbsp;&nbsp;&nbsp; 205430 |
| Straumann Holding AG | 1657 | &nbsp;&nbsp;&nbsp; 172861 |
| Stryker Corp.  | 3273 | &nbsp;&nbsp;&nbsp; 1075475 |
| Sysmex Corp.  | 7517 | &nbsp;&nbsp;&nbsp; 65532 |
| Terumo Corp.  | 19766 | &nbsp;&nbsp;&nbsp; 264660 |
| Zimmer Biomet Holdings, Inc.  | 1883 | &nbsp;&nbsp;&nbsp; 170261 |
|  |  | &nbsp;&nbsp;&nbsp; 14033082 |
| **Health Care Providers & Services — 0.6%** | **Health Care Providers & Services — 0.6%** | **Health Care Providers & Services — 0.6%** |
| Cardinal Health, Inc.  | 2230 | &nbsp;&nbsp;&nbsp; 471221 |
| Cencora, Inc.  | 1844 | &nbsp;&nbsp;&nbsp; 579274 |
| Centene Corp. (a) | 4427 | &nbsp;&nbsp;&nbsp; 144940 |
| Chartwell Retirement Residences | 13244 | &nbsp;&nbsp;&nbsp; 191553 |
| Cigna Group | 2497 | &nbsp;&nbsp;&nbsp; 666075 |
| CVS Health Corp.  | 12057 | &nbsp;&nbsp;&nbsp; 865934 |
| DaVita, Inc. (a) | 317 | &nbsp;&nbsp;&nbsp; 48720 |
| Elevance Health, Inc.  | 2092 | &nbsp;&nbsp;&nbsp; 612433 |
| Fresenius Medical Care AG | 3266 | &nbsp;&nbsp;&nbsp; 145309 |
| Fresenius SE & Co. KGaA | 6268 | &nbsp;&nbsp;&nbsp; 321075 |
| HCA Healthcare, Inc.  | 1484 | &nbsp;&nbsp;&nbsp; 702288 |
| Henry Schein, Inc. (a) | 948 | &nbsp;&nbsp;&nbsp; 69868 |
| Humana, Inc.  | 1143 | &nbsp;&nbsp;&nbsp; 198185 |
| Labcorp Holdings, Inc.  | 786 | &nbsp;&nbsp;&nbsp; 209713 |
| McKesson Corp.  | 1161 | &nbsp;&nbsp;&nbsp; 1004683 |
| NMC Health PLC (a) (c) (d) | 8180 | &nbsp;&nbsp;&nbsp; 0 |
| Quest Diagnostics, Inc.  | 1042 | &nbsp;&nbsp;&nbsp; 204211 |
| Sigma Healthcare Ltd.  | 77107 | &nbsp;&nbsp;&nbsp; 141776 |
| Sonic Healthcare Ltd.  | 6970 | &nbsp;&nbsp;&nbsp; 98656 |
| UnitedHealth Group, Inc.  | 8585 | &nbsp;&nbsp;&nbsp; 2323015 |

---

---

| | | |
|:---|:---|:---|
| **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 | 523 | &nbsp;&nbsp;&nbsp; $93601 |
|  |  | &nbsp;&nbsp;&nbsp; 9092530 |
| **Health Care REITs — 0.8%** | **Health Care REITs — 0.8%** | **Health Care REITs — 0.8%** |
| Aedifica SA | 3511 | &nbsp;&nbsp;&nbsp; 283444 |
| Alexandria Real Estate Equities, Inc.  | 8707 | &nbsp;&nbsp;&nbsp; 404179 |
| American Healthcare REIT, Inc. (b) | 7432 | &nbsp;&nbsp;&nbsp; 350493 |
| Care Property Invest NV | 1777 | &nbsp;&nbsp;&nbsp; 25329 |
| CareTrust REIT, Inc.  | 9348 | &nbsp;&nbsp;&nbsp; 342604 |
| Cofinimmo SA | 327 | &nbsp;&nbsp;&nbsp; 30874 |
| Diversified Healthcare Trust | 9126 | &nbsp;&nbsp;&nbsp; 60597 |
| Health Care & Medical Investment Corp.  | 14 | &nbsp;&nbsp;&nbsp; 10315 |
| Healthcare Realty Trust, Inc.  | 13785 | &nbsp;&nbsp;&nbsp; 234207 |
| Healthpeak Properties, Inc.  | 35707 | &nbsp;&nbsp;&nbsp; 586666 |
| Life Science REIT PLC (a) | 12042 | &nbsp;&nbsp;&nbsp; 6245 |
| LTC Properties, Inc.  | 1954 | &nbsp;&nbsp;&nbsp; 72611 |
| Medical Properties Trust, Inc. (b) | 20958 | &nbsp;&nbsp;&nbsp; 97036 |
| National Health Investors, Inc.  | 1954 | &nbsp;&nbsp;&nbsp; 158000 |
| Omega Healthcare Investors, Inc.  | 12394 | &nbsp;&nbsp;&nbsp; 543105 |
| Parkway Life Real Estate Investment Trust | 18210 | &nbsp;&nbsp;&nbsp; 56804 |
| Primary Health Properties PLC | 105708 | &nbsp;&nbsp;&nbsp; 128104 |
| Sabra Health Care REIT, Inc. (b) | 10361 | &nbsp;&nbsp;&nbsp; 199242 |
| Sila Realty Trust, Inc.  | 2314 | &nbsp;&nbsp;&nbsp; 54796 |
| Target Healthcare REIT PLC | 26096 | &nbsp;&nbsp;&nbsp; 34780 |
| Ventas, Inc.  | 24200 | &nbsp;&nbsp;&nbsp; 1979076 |
| Vital Healthcare Property Trust | 21918 | &nbsp;&nbsp;&nbsp; 22794 |
| Vital Infrastructure Property Trust (b) | 9249 | &nbsp;&nbsp;&nbsp; 35105 |
| Welltower, Inc.  | 35500 | &nbsp;&nbsp;&nbsp; 7018705 |
|  |  | &nbsp;&nbsp;&nbsp; 12735111 |
| **Health Care Technology — 0.0%** | **Health Care Technology — 0.0%** | **Health Care Technology — 0.0%** |
| M3, Inc.  | 6540 | &nbsp;&nbsp;&nbsp; 66767 |
| Pro Medicus Ltd.  | 855 | &nbsp;&nbsp;&nbsp; 70636 |
|  |  | &nbsp;&nbsp;&nbsp; 137403 |
| **Hotel & Resort REITs — 0.1%** | **Hotel & Resort REITs — 0.1%** | **Hotel & Resort REITs — 0.1%** |
| Apple Hospitality REIT, Inc. (b) | 9313 | &nbsp;&nbsp;&nbsp; 107193 |
| CapitaLand Ascott Trust | 109818 | &nbsp;&nbsp;&nbsp; 75468 |
| CDL Hospitality Trusts | 33424 | &nbsp;&nbsp;&nbsp; 21540 |
| DiamondRock Hospitality Co.  | 8465 | &nbsp;&nbsp;&nbsp; 79317 |
| Far East Hospitality Trust | 40180 | &nbsp;&nbsp;&nbsp; 17579 |
| Hoshino Resorts REIT, Inc.  | 23 | &nbsp;&nbsp;&nbsp; 35365 |
| Host Hotels & Resorts, Inc.  | 34934 | &nbsp;&nbsp;&nbsp; 669335 |
| Invincible Investment Corp.  | 305 | &nbsp;&nbsp;&nbsp; 114733 |
| Japan Hotel REIT Investment Corp.  | 236 | &nbsp;&nbsp;&nbsp; 111625 |
| Park Hotels & Resorts, Inc.  | 7779 | &nbsp;&nbsp;&nbsp; 81913 |
| Pebblebrook Hotel Trust (b) | 4679 | &nbsp;&nbsp;&nbsp; 59096 |
| RLJ Lodging Trust | 5157 | &nbsp;&nbsp;&nbsp; 38265 |
| Ryman Hospitality Properties, Inc.  | 2569 | &nbsp;&nbsp;&nbsp; 237042 |
| Sunstone Hotel Investors, Inc.  | 7564 | &nbsp;&nbsp;&nbsp; 68152 |
| Xenia Hotels & Resorts, Inc.  | 3951 | &nbsp;&nbsp;&nbsp; 58593 |
|  |  | &nbsp;&nbsp;&nbsp; 1775216 |
| **Hotels, Restaurants & Leisure — 0.8%** | **Hotels, Restaurants & Leisure — 0.8%** | **Hotels, Restaurants & Leisure — 0.8%** |
| Accor SA | 2787 | &nbsp;&nbsp;&nbsp; 133532 |

---

**BHFTI-9**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Hotels, Restaurants & Leisure—(Continued)** | **Hotels, Restaurants & Leisure—(Continued)** | **Hotels, Restaurants & Leisure—(Continued)** |
| Airbnb, Inc. - Class A (a) | 4014 | &nbsp;&nbsp;&nbsp; $506888 |
| Amadeus IT Group SA | 6685 | &nbsp;&nbsp;&nbsp; 380011 |
| Aristocrat Leisure Ltd.  | 8211 | &nbsp;&nbsp;&nbsp; 260899 |
| Booking Holdings, Inc.  | 305 | &nbsp;&nbsp;&nbsp; 1284148 |
| Carnival Corp.  | 10900 | &nbsp;&nbsp;&nbsp; 282092 |
| Chipotle Mexican Grill, Inc. (a) | 12343 | &nbsp;&nbsp;&nbsp; 395099 |
| Compass Group PLC | 25234 | &nbsp;&nbsp;&nbsp; 701095 |
| Darden Restaurants, Inc.  | 1091 | &nbsp;&nbsp;&nbsp; 213880 |
| Delivery Hero SE (a) | 2896 | &nbsp;&nbsp;&nbsp; 51681 |
| Domino's Pizza, Inc.  | 295 | &nbsp;&nbsp;&nbsp; 105843 |
| DoorDash, Inc. - Class A (a) | 3543 | &nbsp;&nbsp;&nbsp; 531981 |
| Entain PLC | 9020 | &nbsp;&nbsp;&nbsp; 68112 |
| Evolution AB | 1973 | &nbsp;&nbsp;&nbsp; 123049 |
| Expedia Group, Inc.  | 1109 | &nbsp;&nbsp;&nbsp; 256057 |
| Galaxy Entertainment Group Ltd.  | 28915 | &nbsp;&nbsp;&nbsp; 130356 |
| Hilton Worldwide Holdings, Inc.  | 2173 | &nbsp;&nbsp;&nbsp; 660766 |
| InterContinental Hotels Group PLC | 2138 | &nbsp;&nbsp;&nbsp; 281579 |
| Las Vegas Sands Corp.  | 2865 | &nbsp;&nbsp;&nbsp; 154366 |
| Lottery Corp. Ltd.  | 33039 | &nbsp;&nbsp;&nbsp; 123144 |
| Marriott International, Inc. - Class A | 2084 | &nbsp;&nbsp;&nbsp; 681614 |
| McDonald's Corp.  | 6749 | &nbsp;&nbsp;&nbsp; 2097522 |
| MGM Resorts International (a) | 1818 | &nbsp;&nbsp;&nbsp; 67284 |
| Norwegian Cruise Line Holdings Ltd. (a) | 4315 | &nbsp;&nbsp;&nbsp; 80690 |
| Oriental Land Co. Ltd. (b) | 16024 | &nbsp;&nbsp;&nbsp; 272789 |
| PPHE Hotel Group Ltd.  | 799 | &nbsp;&nbsp;&nbsp; 17090 |
| Royal Caribbean Cruises Ltd.  | 2384 | &nbsp;&nbsp;&nbsp; 656029 |
| Sands China Ltd.  | 35925 | &nbsp;&nbsp;&nbsp; 76354 |
| Sodexo SA | 1313 | &nbsp;&nbsp;&nbsp; 67402 |
| Starbucks Corp. (b) | 10797 | &nbsp;&nbsp;&nbsp; 967303 |
| Whitbread PLC | 2507 | &nbsp;&nbsp;&nbsp; 76199 |
| Wynn Resorts Ltd. (b) | 800 | &nbsp;&nbsp;&nbsp; 81240 |
| Yum! Brands, Inc.  | 2631 | &nbsp;&nbsp;&nbsp; 409068 |
| Zensho Holdings Co. Ltd.  | 1463 | &nbsp;&nbsp;&nbsp; 84862 |
|  |  | &nbsp;&nbsp;&nbsp; 12280024 |
| **Household Durables — 0.2%** | **Household Durables — 0.2%** | **Household Durables — 0.2%** |
| Barratt Redrow PLC | 20102 | &nbsp;&nbsp;&nbsp; 70315 |
| DR Horton, Inc.  | 2553 | &nbsp;&nbsp;&nbsp; 350323 |
| Garmin Ltd.  | 1549 | &nbsp;&nbsp;&nbsp; 359383 |
| Lennar Corp. - Class A | 2045 | &nbsp;&nbsp;&nbsp; 177588 |
| NVR, Inc. (a) | 26 | &nbsp;&nbsp;&nbsp; 171336 |
| Panasonic Holdings Corp.  | 34563 | &nbsp;&nbsp;&nbsp; 573890 |
| PulteGroup, Inc.  | 1821 | &nbsp;&nbsp;&nbsp; 214168 |
| Sekisui House Ltd.  | 8835 | &nbsp;&nbsp;&nbsp; 197233 |
| Sony Group Corp.  | 91259 | &nbsp;&nbsp;&nbsp; 1882340 |
|  |  | &nbsp;&nbsp;&nbsp; 3996576 |
| **Household Products — 0.3%** | **Household Products — 0.3%** | **Household Products — 0.3%** |
| Church & Dwight Co., Inc.  | 2243 | &nbsp;&nbsp;&nbsp; 209317 |
| Clorox Co.  | 1146 | &nbsp;&nbsp;&nbsp; 118760 |
| Colgate-Palmolive Co.  | 7639 | &nbsp;&nbsp;&nbsp; 651072 |
| Essity AB - Class B (b) | 8949 | &nbsp;&nbsp;&nbsp; 230689 |
| Henkel AG & Co. KGaA | 1543 | &nbsp;&nbsp;&nbsp; 110511 |
| Kimberly-Clark Corp.  | 3146 | &nbsp;&nbsp;&nbsp; 303495 |
| Procter & Gamble Co.  | 22025 | &nbsp;&nbsp;&nbsp; 3181291 |
| Reckitt Benckiser Group PLC | 9573 | &nbsp;&nbsp;&nbsp; 649649 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Household Products—(Continued)** | **Household Products—(Continued)** | **Household Products—(Continued)** |
| Unicharm Corp.  | 16612 | &nbsp;&nbsp;&nbsp; $96735 |
|  |  | &nbsp;&nbsp;&nbsp; 5551519 |
| **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.  | 6749 | &nbsp;&nbsp;&nbsp; 95093 |
| EDP Renovaveis SA | 4681 | &nbsp;&nbsp;&nbsp; 74902 |
| Meridian Energy Ltd.  | 19585 | &nbsp;&nbsp;&nbsp; 62598 |
| Orsted AS (a) | 7844 | &nbsp;&nbsp;&nbsp; 192049 |
| RWE AG | 9383 | &nbsp;&nbsp;&nbsp; 624943 |
| Vistra Corp.  | 3018 | &nbsp;&nbsp;&nbsp; 453696 |
|  |  | &nbsp;&nbsp;&nbsp; 1503281 |
| **Industrial Conglomerates — 0.5%** | **Industrial Conglomerates — 0.5%** | **Industrial Conglomerates — 0.5%** |
| 3M Co.  | 4992 | &nbsp;&nbsp;&nbsp; 724988 |
| CK Hutchison Holdings Ltd.  | 39902 | &nbsp;&nbsp;&nbsp; 306663 |
| Hikari Tsushin, Inc.  | 250 | &nbsp;&nbsp;&nbsp; 63291 |
| Hitachi Ltd.  | 68047 | &nbsp;&nbsp;&nbsp; 1988716 |
| Honeywell International, Inc.  | 6017 | &nbsp;&nbsp;&nbsp; 1360023 |
| Investment AB Latour - B Shares | 2198 | &nbsp;&nbsp;&nbsp; 47219 |
| Jardine Matheson Holdings Ltd.  | 2460 | &nbsp;&nbsp;&nbsp; 176595 |
| Keppel Ltd.  | 21590 | &nbsp;&nbsp;&nbsp; 200369 |
| Lifco AB - B Shares | 3460 | &nbsp;&nbsp;&nbsp; 104103 |
| Sekisui Chemical Co. Ltd.  | 5441 | &nbsp;&nbsp;&nbsp; 90713 |
| Siemens AG | 11282 | &nbsp;&nbsp;&nbsp; 2675982 |
| Smiths Group PLC | 4711 | &nbsp;&nbsp;&nbsp; 143487 |
| Swire Pacific Ltd. - Class A | 5365 | &nbsp;&nbsp;&nbsp; 58841 |
|  |  | &nbsp;&nbsp;&nbsp; 7940990 |
| **Industrial REITs — 0.8%** | **Industrial REITs — 0.8%** | **Industrial REITs — 0.8%** |
| AIMS APAC REIT | 26990 | &nbsp;&nbsp;&nbsp; 30153 |
| Americold Realty Trust, Inc. (b) | 11977 | &nbsp;&nbsp;&nbsp; 137256 |
| ARGAN SA | 690 | &nbsp;&nbsp;&nbsp; 45410 |
| CapitaLand Ascendas | 214810 | &nbsp;&nbsp;&nbsp; 415040 |
| Centuria Industrial REIT | 26109 | &nbsp;&nbsp;&nbsp; 52022 |
| CRE Logistics REIT, Inc.  | 24 | &nbsp;&nbsp;&nbsp; 24164 |
| Dexus Industria REIT | 13355 | &nbsp;&nbsp;&nbsp; 21339 |
| Dream Industrial Real Estate Investment Trust | 11972 | &nbsp;&nbsp;&nbsp; 106458 |
| EastGroup Properties, Inc.  | 2224 | &nbsp;&nbsp;&nbsp; 411640 |
| ESR Kendall Square REIT Co. Ltd.  | 6997 | &nbsp;&nbsp;&nbsp; 19893 |
| ESR-REIT | 23655 | &nbsp;&nbsp;&nbsp; 41605 |
| First Industrial Realty Trust, Inc.  | 5376 | &nbsp;&nbsp;&nbsp; 311002 |
| Frasers Logistics & Commercial Trust | 116120 | &nbsp;&nbsp;&nbsp; 81133 |
| GLP J-Reit | 184 | &nbsp;&nbsp;&nbsp; 150863 |
| Goodman Group | 113701 | &nbsp;&nbsp;&nbsp; 2024099 |
| Goodman Property Trust (c) (d) | 40523 | &nbsp;&nbsp;&nbsp; 44336 |
| Granite Real Estate Investment Trust | 2534 | &nbsp;&nbsp;&nbsp; 149005 |
| Industrial & Infrastructure Fund Investment Corp.  | 100 | &nbsp;&nbsp;&nbsp; 89455 |
| Innovative Industrial Properties, Inc.  | 1155 | &nbsp;&nbsp;&nbsp; 57935 |
| Japan Logistics Fund, Inc.  | 108 | &nbsp;&nbsp;&nbsp; 65217 |
| LaSalle Logiport REIT | 67 | &nbsp;&nbsp;&nbsp; 62871 |
| Lineage, Inc. (b) | 2967 | &nbsp;&nbsp;&nbsp; 97199 |
| LondonMetric Property PLC | 94030 | &nbsp;&nbsp;&nbsp; 226399 |
| LXP Industrial Trust | 2424 | &nbsp;&nbsp;&nbsp; 112134 |
| Mapletree Industrial Trust | 86972 | &nbsp;&nbsp;&nbsp; 131537 |
| Mapletree Logistics Trust | 141949 | &nbsp;&nbsp;&nbsp; 127314 |
| Mitsubishi Estate Logistics REIT Investment Corp.  | 55 | &nbsp;&nbsp;&nbsp; 43347 |

---

**BHFTI-10**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Industrial REITs—(Continued)** | **Industrial REITs—(Continued)** | **Industrial REITs—(Continued)** |
| Mitsui Fudosan Logistics Park, Inc.  | 125 | &nbsp;&nbsp;&nbsp; $89135 |
| Montea NV | 875 | &nbsp;&nbsp;&nbsp; 67086 |
| Nippon Prologis REIT, Inc.  | 302 | &nbsp;&nbsp;&nbsp; 162615 |
| Prologis, Inc.  | 47778 | &nbsp;&nbsp;&nbsp; 6315296 |
| Rexford Industrial Realty, Inc.  | 9793 | &nbsp;&nbsp;&nbsp; 320525 |
| Segro PLC | 75755 | &nbsp;&nbsp;&nbsp; 658791 |
| SOSiLA Logistics REIT, Inc.  | 28 | &nbsp;&nbsp;&nbsp; 21431 |
| STAG Industrial, Inc.  | 7842 | &nbsp;&nbsp;&nbsp; 282783 |
| Terreno Realty Corp.  | 4253 | &nbsp;&nbsp;&nbsp; 261219 |
| Tritax Big Box REIT PLC | 102582 | &nbsp;&nbsp;&nbsp; 193416 |
| Warehouses De Pauw CVA | 7837 | &nbsp;&nbsp;&nbsp; 203699 |
|  |  | &nbsp;&nbsp;&nbsp; 13654822 |
| **Insurance — 1.6%** | **Insurance — 1.6%** | **Insurance — 1.6%** |
| Admiral Group PLC | 3865 | &nbsp;&nbsp;&nbsp; 163053 |
| Aegon Ltd.  | 18680 | &nbsp;&nbsp;&nbsp; 136194 |
| Aflac, Inc.  | 4424 | &nbsp;&nbsp;&nbsp; 485357 |
| Ageas SA | 2215 | &nbsp;&nbsp;&nbsp; 162231 |
| AIA Group Ltd.  | 155927 | &nbsp;&nbsp;&nbsp; 1751660 |
| Allianz SE | 5647 | &nbsp;&nbsp;&nbsp; 2340048 |
| Allstate Corp.  | 2464 | &nbsp;&nbsp;&nbsp; 510886 |
| American International Group, Inc.  | 5085 | &nbsp;&nbsp;&nbsp; 382646 |
| Aon PLC - Class A | 2033 | &nbsp;&nbsp;&nbsp; 656212 |
| Arch Capital Group Ltd. (a) | 3388 | &nbsp;&nbsp;&nbsp; 325214 |
| Arthur J Gallagher & Co.  | 2435 | &nbsp;&nbsp;&nbsp; 527372 |
| ASR Nederland NV | 2328 | &nbsp;&nbsp;&nbsp; 160381 |
| Assurant, Inc.  | 475 | &nbsp;&nbsp;&nbsp; 103460 |
| Aviva PLC | 45374 | &nbsp;&nbsp;&nbsp; 361427 |
| AXA SA | 24815 | &nbsp;&nbsp;&nbsp; 1137660 |
| Brown & Brown, Inc. (b) | 2775 | &nbsp;&nbsp;&nbsp; 180958 |
| Chubb Ltd.  | 3447 | &nbsp;&nbsp;&nbsp; 1123481 |
| Cincinnati Financial Corp.  | 1479 | &nbsp;&nbsp;&nbsp; 232721 |
| Dai-ichi Life Holdings, Inc.  | 52176 | &nbsp;&nbsp;&nbsp; 476788 |
| Erie Indemnity Co. - Class A | 241 | &nbsp;&nbsp;&nbsp; 60566 |
| Everest Group Ltd.  | 386 | &nbsp;&nbsp;&nbsp; 126164 |
| Generali | 12650 | &nbsp;&nbsp;&nbsp; 510058 |
| Gjensidige Forsikring ASA | 2969 | &nbsp;&nbsp;&nbsp; 77505 |
| Globe Life, Inc.  | 754 | &nbsp;&nbsp;&nbsp; 104934 |
| Hannover Rueck SE | 895 | &nbsp;&nbsp;&nbsp; 277006 |
| Hartford Insurance Group, Inc.  | 2643 | &nbsp;&nbsp;&nbsp; 357413 |
| Helvetia Baloise Holding AG | 1180 | &nbsp;&nbsp;&nbsp; 304806 |
| Insurance Australia Group Ltd.  | 35109 | &nbsp;&nbsp;&nbsp; 176681 |
| Japan Post Holdings Co. Ltd.  | 26496 | &nbsp;&nbsp;&nbsp; 303979 |
| Japan Post Insurance Co. Ltd.  | 8424 | &nbsp;&nbsp;&nbsp; 85105 |
| Legal & General Group PLC | 84546 | &nbsp;&nbsp;&nbsp; 278653 |
| Loews Corp.  | 1601 | &nbsp;&nbsp;&nbsp; 170891 |
| Mapfre SA | 13714 | &nbsp;&nbsp;&nbsp; 61390 |
| Marsh & McLennan Cos., Inc.  | 4588 | &nbsp;&nbsp;&nbsp; 795789 |
| Medibank Pvt Ltd.  | 41660 | &nbsp;&nbsp;&nbsp; 126077 |
| MetLife, Inc. (e) | 5217 | &nbsp;&nbsp;&nbsp; 368946 |
| MS&AD Insurance Group Holdings, Inc.  | 19088 | &nbsp;&nbsp;&nbsp; 499523 |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 1939 | &nbsp;&nbsp;&nbsp; 1207860 |
| NN Group NV | 3903 | &nbsp;&nbsp;&nbsp; 305298 |
| Phoenix Financial Ltd.  | 3384 | &nbsp;&nbsp;&nbsp; 179756 |
| Principal Financial Group, Inc.  | 1875 | &nbsp;&nbsp;&nbsp; 168956 |
| Progressive Corp.  | 5555 | &nbsp;&nbsp;&nbsp; 1101223 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Insurance—(Continued)** | **Insurance—(Continued)** | **Insurance—(Continued)** |
| Prudential Financial, Inc.  | 3298 | &nbsp;&nbsp;&nbsp; $322182 |
| Prudential PLC | 37782 | &nbsp;&nbsp;&nbsp; 526882 |
| QBE Insurance Group Ltd.  | 22341 | &nbsp;&nbsp;&nbsp; 328257 |
| Sampo OYJ - A Shares | 35655 | &nbsp;&nbsp;&nbsp; 382058 |
| Sompo Holdings, Inc.  | 13202 | &nbsp;&nbsp;&nbsp; 515846 |
| Standard Life PLC | 10360 | &nbsp;&nbsp;&nbsp; 93687 |
| Suncorp Group Ltd.  | 16074 | &nbsp;&nbsp;&nbsp; 179325 |
| Swiss Life Holding AG | 423 | &nbsp;&nbsp;&nbsp; 463635 |
| Swiss Re AG | 4433 | &nbsp;&nbsp;&nbsp; 740271 |
| T&D Holdings, Inc.  | 6821 | &nbsp;&nbsp;&nbsp; 173364 |
| Talanx AG | 958 | &nbsp;&nbsp;&nbsp; 116588 |
| Tokio Marine Holdings, Inc.  | 27265 | &nbsp;&nbsp;&nbsp; 1273215 |
| Travelers Cos., Inc.  | 2049 | &nbsp;&nbsp;&nbsp; 597652 |
| Tryg AS | 4991 | &nbsp;&nbsp;&nbsp; 119472 |
| Unipol Assicurazioni SpA | 5325 | &nbsp;&nbsp;&nbsp; 124655 |
| W.R. Berkley Corp.  | 2824 | &nbsp;&nbsp;&nbsp; 187175 |
| Willis Towers Watson PLC | 904 | &nbsp;&nbsp;&nbsp; 262793 |
| Zurich Insurance Group AG | 2172 | &nbsp;&nbsp;&nbsp; 1548637 |
|  |  | &nbsp;&nbsp;&nbsp; 26822022 |
| **Interactive Media & Services — 2.5%** | **Interactive Media & Services — 2.5%** | **Interactive Media & Services — 2.5%** |
| Alphabet, Inc. - Class A | 55177 | &nbsp;&nbsp;&nbsp; 15866698 |
| Alphabet, Inc. - Class C | 44322 | &nbsp;&nbsp;&nbsp; 12714209 |
| Autotrader Group PLC | 12501 | &nbsp;&nbsp;&nbsp; 78197 |
| CAR Group Ltd.  | 5617 | &nbsp;&nbsp;&nbsp; 90835 |
| LY Corp.  | 40889 | &nbsp;&nbsp;&nbsp; 99101 |
| Meta Platforms, Inc. - Class A | 20728 | &nbsp;&nbsp;&nbsp; 11859111 |
| REA Group Ltd.  | 784 | &nbsp;&nbsp;&nbsp; 86832 |
| Scout24 SE | 1113 | &nbsp;&nbsp;&nbsp; 85280 |
|  |  | &nbsp;&nbsp;&nbsp; 40880263 |
| **IT Services — 0.4%** | **IT Services — 0.4%** | **IT Services — 0.4%** |
| Accenture PLC - Class A | 5831 | &nbsp;&nbsp;&nbsp; 1156229 |
| Akamai Technologies, Inc. (a) (b) | 1363 | &nbsp;&nbsp;&nbsp; 156541 |
| Capgemini SE | 2269 | &nbsp;&nbsp;&nbsp; 265212 |
| Cognizant Technology Solutions Corp. - Class A | 4532 | &nbsp;&nbsp;&nbsp; 278038 |
| EPAM Systems, Inc. (a) | 524 | &nbsp;&nbsp;&nbsp; 70950 |
| Fujitsu Ltd.  | 26123 | &nbsp;&nbsp;&nbsp; 530886 |
| Gartner, Inc. (a) | 668 | &nbsp;&nbsp;&nbsp; 105771 |
| GoDaddy, Inc. - Class A (a) | 1281 | &nbsp;&nbsp;&nbsp; 105900 |
| Indra Sistemas SA | 1180 | &nbsp;&nbsp;&nbsp; 65022 |
| International Business Machines Corp.  | 8859 | &nbsp;&nbsp;&nbsp; 2147333 |
| NEC Corp.  | 19255 | &nbsp;&nbsp;&nbsp; 479712 |
| NEXTDC Ltd. (a) | 26740 | &nbsp;&nbsp;&nbsp; 214349 |
| Nomura Research Institute Ltd. (b) | 5641 | &nbsp;&nbsp;&nbsp; 156298 |
| Obic Co. Ltd.  | 4776 | &nbsp;&nbsp;&nbsp; 116384 |
| Otsuka Corp.  | 3423 | &nbsp;&nbsp;&nbsp; 65644 |
| SUNeVision Holdings Ltd.  | 25670 | &nbsp;&nbsp;&nbsp; 18425 |
| TIS, Inc.  | 3205 | &nbsp;&nbsp;&nbsp; 69159 |
| VeriSign, Inc.  | 782 | &nbsp;&nbsp;&nbsp; 194218 |
|  |  | &nbsp;&nbsp;&nbsp; 6196071 |
| **Leisure Products — 0.0%** | **Leisure Products — 0.0%** | **Leisure Products — 0.0%** |
| Bandai Namco Holdings, Inc.  | 8697 | &nbsp;&nbsp;&nbsp; 214820 |
| Hasbro, Inc.  | 1263 | &nbsp;&nbsp;&nbsp; 118217 |

---

**BHFTI-11**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Leisure Products—(Continued)** | **Leisure Products—(Continued)** | **Leisure Products—(Continued)** |
| Shimano, Inc.  | 1079 | &nbsp;&nbsp;&nbsp; $113070 |
|  |  | &nbsp;&nbsp;&nbsp; 446107 |
| **Life Sciences Tools & Services — 0.3%** | **Life Sciences Tools & Services — 0.3%** | **Life Sciences Tools & Services — 0.3%** |
| Agilent Technologies, Inc.  | 2687 | &nbsp;&nbsp;&nbsp; 306264 |
| Bio-Techne Corp. (b) | 1483 | &nbsp;&nbsp;&nbsp; 77502 |
| Charles River Laboratories International, Inc. (a) | 466 | &nbsp;&nbsp;&nbsp; 80385 |
| Danaher Corp.  | 5962 | &nbsp;&nbsp;&nbsp; 1130395 |
| Eurofins Scientific SE | 1758 | &nbsp;&nbsp;&nbsp; 128566 |
| IQVIA Holdings, Inc. (a) | 1607 | &nbsp;&nbsp;&nbsp; 274058 |
| Lonza Group AG | 1042 | &nbsp;&nbsp;&nbsp; 666660 |
| Mettler-Toledo International, Inc. (a) | 193 | &nbsp;&nbsp;&nbsp; 243412 |
| Qiagen NV | 3070 | &nbsp;&nbsp;&nbsp; 122977 |
| Revvity, Inc.  | 1074 | &nbsp;&nbsp;&nbsp; 94093 |
| Sartorius Stedim Biotech | 433 | &nbsp;&nbsp;&nbsp; 84775 |
| Thermo Fisher Scientific, Inc.  | 3561 | &nbsp;&nbsp;&nbsp; 1750338 |
| Waters Corp. (a) | 929 | &nbsp;&nbsp;&nbsp; 276656 |
| West Pharmaceutical Services, Inc.  | 682 | &nbsp;&nbsp;&nbsp; 170937 |
|  |  | &nbsp;&nbsp;&nbsp; 5407018 |
| **Machinery — 1.2%** | **Machinery — 1.2%** | **Machinery — 1.2%** |
| Alfa Laval AB | 4294 | &nbsp;&nbsp;&nbsp; 234297 |
| Alstom SA (a) | 5143 | &nbsp;&nbsp;&nbsp; 146545 |
| Atlas Copco AB - A Shares | 39860 | &nbsp;&nbsp;&nbsp; 701096 |
| Atlas Copco AB - B Shares | 23164 | &nbsp;&nbsp;&nbsp; 359910 |
| Caterpillar, Inc.  | 4410 | &nbsp;&nbsp;&nbsp; 3124309 |
| Cummins, Inc.  | 1309 | &nbsp;&nbsp;&nbsp; 704268 |
| Daifuku Co. Ltd.  | 4764 | &nbsp;&nbsp;&nbsp; 166441 |
| Daimler Truck Holding AG | 6817 | &nbsp;&nbsp;&nbsp; 324976 |
| Deere & Co.  | 2396 | &nbsp;&nbsp;&nbsp; 1349667 |
| Dover Corp.  | 1278 | &nbsp;&nbsp;&nbsp; 266399 |
| Ebara Corp.  | 6900 | &nbsp;&nbsp;&nbsp; 194425 |
| Epiroc AB - A Shares | 9779 | &nbsp;&nbsp;&nbsp; 240091 |
| Epiroc AB - B Shares | 5789 | &nbsp;&nbsp;&nbsp; 124496 |
| FANUC Corp.  | 13868 | &nbsp;&nbsp;&nbsp; 483014 |
| Fortive Corp. (b) | 2970 | &nbsp;&nbsp;&nbsp; 164182 |
| GEA Group AG | 2175 | &nbsp;&nbsp;&nbsp; 153708 |
| IDEX Corp.  | 709 | &nbsp;&nbsp;&nbsp; 134391 |
| IHI Corp.  | 15300 | &nbsp;&nbsp;&nbsp; 312699 |
| Illinois Tool Works, Inc.  | 2501 | &nbsp;&nbsp;&nbsp; 650985 |
| Indutrade AB | 4056 | &nbsp;&nbsp;&nbsp; 93799 |
| Ingersoll Rand, Inc. (b) | 3373 | &nbsp;&nbsp;&nbsp; 270245 |
| Kawasaki Heavy Industries Ltd.  | 11000 | &nbsp;&nbsp;&nbsp; 208715 |
| Knorr-Bremse AG | 1077 | &nbsp;&nbsp;&nbsp; 120243 |
| Komatsu Ltd.  | 14078 | &nbsp;&nbsp;&nbsp; 552631 |
| Kone OYJ - Class B | 5044 | &nbsp;&nbsp;&nbsp; 321587 |
| Kubota Corp.  | 14339 | &nbsp;&nbsp;&nbsp; 226256 |
| Makita Corp.  | 3364 | &nbsp;&nbsp;&nbsp; 109259 |
| Metso OYJ | 9844 | &nbsp;&nbsp;&nbsp; 170252 |
| Minebea Mitsumi, Inc.  | 5432 | &nbsp;&nbsp;&nbsp; 89105 |
| Mitsubishi Heavy Industries Ltd.  | 47609 | &nbsp;&nbsp;&nbsp; 1298742 |
| Nordson Corp.  | 502 | &nbsp;&nbsp;&nbsp; 133562 |
| Otis Worldwide Corp.  | 3684 | &nbsp;&nbsp;&nbsp; 283963 |
| PACCAR, Inc.  | 4979 | &nbsp;&nbsp;&nbsp; 575074 |
| Parker-Hannifin Corp.  | 1196 | &nbsp;&nbsp;&nbsp; 1070707 |
| Pentair PLC | 1551 | &nbsp;&nbsp;&nbsp; 135108 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Machinery—(Continued)** | **Machinery—(Continued)** | **Machinery—(Continued)** |
| Rational AG | 76 | &nbsp;&nbsp;&nbsp; $55012 |
| Sandvik AB | 15824 | &nbsp;&nbsp;&nbsp; 604719 |
| Schindler Holding AG | 348 | &nbsp;&nbsp;&nbsp; 109454 |
| Schindler Holding AG (Participation Certificate) | 604 | &nbsp;&nbsp;&nbsp; 198910 |
| SKF AB - B Shares | 5064 | &nbsp;&nbsp;&nbsp; 120950 |
| SMC Corp.  | 809 | &nbsp;&nbsp;&nbsp; 316432 |
| Snap-on, Inc.  | 492 | &nbsp;&nbsp;&nbsp; 178704 |
| Spirax Group PLC | 1093 | &nbsp;&nbsp;&nbsp; 97821 |
| Stanley Black & Decker, Inc.  | 1468 | &nbsp;&nbsp;&nbsp; 104316 |
| Techtronic Industries Co. Ltd.  | 21929 | &nbsp;&nbsp;&nbsp; 291889 |
| Toyota Industries Corp. (a) | 472 | &nbsp;&nbsp;&nbsp; 60727 |
| Trelleborg AB - B Shares | 3011 | &nbsp;&nbsp;&nbsp; 112194 |
| VAT Group AG | 401 | &nbsp;&nbsp;&nbsp; 247373 |
| Volvo AB - B Shares (b) | 23583 | &nbsp;&nbsp;&nbsp; 769392 |
| Wartsila OYJ Abp | 7464 | &nbsp;&nbsp;&nbsp; 279092 |
| Westinghouse Air Brake Technologies Corp.  | 1616 | &nbsp;&nbsp;&nbsp; 403855 |
| Xylem, Inc.  | 2309 | &nbsp;&nbsp;&nbsp; 275925 |
| Yangzijiang Shipbuilding Holdings Ltd.  | 38300 | &nbsp;&nbsp;&nbsp; 113808 |
|  |  | &nbsp;&nbsp;&nbsp; 19835720 |
| **Marine Transportation — 0.1%** | **Marine Transportation — 0.1%** | **Marine Transportation — 0.1%** |
| AP Moller - Maersk AS - Class A | 43 | &nbsp;&nbsp;&nbsp; 104455 |
| AP Moller - Maersk AS - Class B | 59 | &nbsp;&nbsp;&nbsp; 146217 |
| Kawasaki Kisen Kaisha Ltd.  | 5257 | &nbsp;&nbsp;&nbsp; 88503 |
| Kuehne & Nagel International AG | 717 | &nbsp;&nbsp;&nbsp; 163803 |
| Mitsui OSK Lines Ltd.  | 5167 | &nbsp;&nbsp;&nbsp; 213857 |
| Nippon Yusen KK | 6117 | &nbsp;&nbsp;&nbsp; 224508 |
| SITC International Holdings Co. Ltd.  | 19964 | &nbsp;&nbsp;&nbsp; 88135 |
|  |  | &nbsp;&nbsp;&nbsp; 1029478 |
| **Media — 0.1%** | **Media — 0.1%** | **Media — 0.1%** |
| Charter Communications, Inc. - Class A (a) (b) | 816 | &nbsp;&nbsp;&nbsp; 176158 |
| EchoStar Corp. - Class A (a) (b) | 1276 | &nbsp;&nbsp;&nbsp; 149381 |
| Fox Corp. - Class A | 1902 | &nbsp;&nbsp;&nbsp; 111077 |
| Fox Corp. - Class B | 1342 | &nbsp;&nbsp;&nbsp; 71260 |
| Informa PLC | 19110 | &nbsp;&nbsp;&nbsp; 190510 |
| News Corp. - Class A | 3509 | &nbsp;&nbsp;&nbsp; 87479 |
| News Corp. - Class B (b) | 1158 | &nbsp;&nbsp;&nbsp; 33015 |
| Omnicom Group, Inc.  | 2982 | &nbsp;&nbsp;&nbsp; 224574 |
| Paramount Skydance Corp. - Class B (b) | 2945 | &nbsp;&nbsp;&nbsp; 26564 |
| Publicis Groupe SA | 3396 | &nbsp;&nbsp;&nbsp; 280853 |
| Trade Desk, Inc. - Class A (a) | 4173 | &nbsp;&nbsp;&nbsp; 94685 |
|  |  | &nbsp;&nbsp;&nbsp; 1445556 |
| **Metals & Mining — 0.8%** | **Metals & Mining — 0.8%** | **Metals & Mining — 0.8%** |
| Anglo American PLC | 16608 | &nbsp;&nbsp;&nbsp; 705586 |
| Antofagasta PLC | 5852 | &nbsp;&nbsp;&nbsp; 260337 |
| ArcelorMittal SA | 6326 | &nbsp;&nbsp;&nbsp; 329594 |
| BHP Group Ltd.  | 75393 | &nbsp;&nbsp;&nbsp; 2754726 |
| Boliden AB (a) | 4218 | &nbsp;&nbsp;&nbsp; 223896 |
| Endeavour Mining PLC | 2867 | &nbsp;&nbsp;&nbsp; 173568 |
| Evolution Mining Ltd.  | 30132 | &nbsp;&nbsp;&nbsp; 273079 |
| Fortescue Ltd.  | 24392 | &nbsp;&nbsp;&nbsp; 344562 |
| Freeport-McMoRan, Inc.  | 13621 | &nbsp;&nbsp;&nbsp; 800642 |
| Fresnillo PLC | 3281 | &nbsp;&nbsp;&nbsp; 145347 |
| Glencore PLC (a) | 148022 | &nbsp;&nbsp;&nbsp; 1127928 |

---

**BHFTI-12**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

**Consolidated 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)** |
| JFE Holdings, Inc. (b) | 8535 | &nbsp;&nbsp;&nbsp; $99418 |
| JX Advanced Metals Corp.  | 8300 | &nbsp;&nbsp;&nbsp; 180412 |
| Lynas Rare Earths Ltd. (a) | 13446 | &nbsp;&nbsp;&nbsp; 182728 |
| Newmont Corp.  | 10342 | &nbsp;&nbsp;&nbsp; 1119522 |
| Nippon Steel Corp. (b) | 71800 | &nbsp;&nbsp;&nbsp; 263773 |
| Norsk Hydro ASA | 20557 | &nbsp;&nbsp;&nbsp; 217974 |
| Northern Star Resources Ltd.  | 20171 | &nbsp;&nbsp;&nbsp; 294473 |
| Nucor Corp.  | 2176 | &nbsp;&nbsp;&nbsp; 367962 |
| Rio Tinto Ltd.  | 5511 | &nbsp;&nbsp;&nbsp; 619623 |
| Rio Tinto PLC | 16755 | &nbsp;&nbsp;&nbsp; 1557407 |
| South32 Ltd.  | 66593 | &nbsp;&nbsp;&nbsp; 200174 |
| Steel Dynamics, Inc.  | 1305 | &nbsp;&nbsp;&nbsp; 234900 |
| Sumitomo Metal Mining Co. Ltd.  | 3694 | &nbsp;&nbsp;&nbsp; 214155 |
|  |  | &nbsp;&nbsp;&nbsp; 12691786 |
| **Multi-Utilities — 0.4%** | **Multi-Utilities — 0.4%** | **Multi-Utilities — 0.4%** |
| Ameren Corp.  | 2619 | &nbsp;&nbsp;&nbsp; 287881 |
| CenterPoint Energy, Inc. (b) | 6187 | &nbsp;&nbsp;&nbsp; 267031 |
| Centrica PLC | 68350 | &nbsp;&nbsp;&nbsp; 193336 |
| CMS Energy Corp.  | 2904 | &nbsp;&nbsp;&nbsp; 225292 |
| Consolidated Edison, Inc.  | 3421 | &nbsp;&nbsp;&nbsp; 387189 |
| Dominion Energy, Inc.  | 8093 | &nbsp;&nbsp;&nbsp; 500309 |
| DTE Energy Co.  | 1968 | &nbsp;&nbsp;&nbsp; 287761 |
| E.ON SE | 33317 | &nbsp;&nbsp;&nbsp; 728202 |
| Engie SA | 27104 | &nbsp;&nbsp;&nbsp; 873838 |
| National Grid PLC | 73748 | &nbsp;&nbsp;&nbsp; 1243313 |
| NiSource, Inc.  | 4535 | &nbsp;&nbsp;&nbsp; 211603 |
| Public Service Enterprise Group, Inc.  | 4731 | &nbsp;&nbsp;&nbsp; 382975 |
| Sembcorp Industries Ltd.  | 13235 | &nbsp;&nbsp;&nbsp; 68733 |
| Sempra | 6186 | &nbsp;&nbsp;&nbsp; 601094 |
| Veolia Environnement SA | 9355 | &nbsp;&nbsp;&nbsp; 357363 |
| WEC Energy Group, Inc.  | 3084 | &nbsp;&nbsp;&nbsp; 357035 |
|  |  | &nbsp;&nbsp;&nbsp; 6972955 |
| **Office REITs — 0.2%** | **Office REITs — 0.2%** | **Office REITs — 0.2%** |
| Abacus Group | 17549 | &nbsp;&nbsp;&nbsp; 12325 |
| Allied Properties Real Estate Investment Trust (b) | 6967 | &nbsp;&nbsp;&nbsp; 45976 |
| BXP, Inc.  | 8071 | &nbsp;&nbsp;&nbsp; 418885 |
| Centuria Office REIT | 20791 | &nbsp;&nbsp;&nbsp; 13361 |
| Champion REIT | 74856 | &nbsp;&nbsp;&nbsp; 21682 |
| Colonial SFL Socimi SA | 16089 | &nbsp;&nbsp;&nbsp; 95502 |
| COPT Defense Properties (b) | 4737 | &nbsp;&nbsp;&nbsp; 144952 |
| Cousins Properties, Inc.  | 7010 | &nbsp;&nbsp;&nbsp; 158216 |
| Cromwell Property Group | 68356 | &nbsp;&nbsp;&nbsp; 18736 |
| Daiwa Office Investment Corp.  | 21 | &nbsp;&nbsp;&nbsp; 43623 |
| Derwent London PLC | 4685 | &nbsp;&nbsp;&nbsp; 97780 |
| Dexus | 44285 | &nbsp;&nbsp;&nbsp; 182259 |
| Douglas Emmett, Inc. (b) | 6736 | &nbsp;&nbsp;&nbsp; 63453 |
| Easterly Government Properties, Inc.  | 1765 | &nbsp;&nbsp;&nbsp; 37824 |
| Empire State Realty Trust, Inc. - Class A | 5818 | &nbsp;&nbsp;&nbsp; 30254 |
| Gecina SA | 2832 | &nbsp;&nbsp;&nbsp; 223932 |
| Global One Real Estate Investment Corp.  | 39 | &nbsp;&nbsp;&nbsp; 29701 |
| Great Portland Estates PLC | 16277 | &nbsp;&nbsp;&nbsp; 60951 |
| Helical PLC | 4419 | &nbsp;&nbsp;&nbsp; 10257 |
| Highwoods Properties, Inc.  | 4540 | &nbsp;&nbsp;&nbsp; 97201 |
| Ichigo Office REIT Investment Corp.  | 38 | &nbsp;&nbsp;&nbsp; 22150 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Office REITs—(Continued)** | **Office REITs—(Continued)** | **Office REITs—(Continued)** |
| Japan Excellent, Inc.  | 46 | &nbsp;&nbsp;&nbsp; $41461 |
| Japan Prime Realty Investment Corp.  | 153 | &nbsp;&nbsp;&nbsp; 93894 |
| Japan Real Estate Investment Corp.  | 281 | &nbsp;&nbsp;&nbsp; 206972 |
| JBG SMITH Properties | 2488 | &nbsp;&nbsp;&nbsp; 36350 |
| JR Global Reit | 7848 | &nbsp;&nbsp;&nbsp; 7834 |
| Keppel REIT | 143232 | &nbsp;&nbsp;&nbsp; 99470 |
| Kilroy Realty Corp.  | 4927 | &nbsp;&nbsp;&nbsp; 138991 |
| Mori Hills REIT Investment Corp.  | 58 | &nbsp;&nbsp;&nbsp; 48514 |
| Nippon Building Fund, Inc.  | 454 | &nbsp;&nbsp;&nbsp; 381071 |
| NIPPON REIT Investment Corp.  | 68 | &nbsp;&nbsp;&nbsp; 38191 |
| NSI NV | 618 | &nbsp;&nbsp;&nbsp; 12546 |
| One REIT, Inc.  | 27 | &nbsp;&nbsp;&nbsp; 13506 |
| Orix JREIT, Inc.  | 220 | &nbsp;&nbsp;&nbsp; 134301 |
| Piedmont Realty Trust, Inc. - Class A (a) | 5168 | &nbsp;&nbsp;&nbsp; 33954 |
| Precinct Properties Group | 71764 | &nbsp;&nbsp;&nbsp; 42707 |
| Prosperity REIT | 54630 | &nbsp;&nbsp;&nbsp; 9933 |
| Regional REIT Ltd.  | 5258 | &nbsp;&nbsp;&nbsp; 6075 |
| Sankei Real Estate, Inc.  | 15 | &nbsp;&nbsp;&nbsp; 11846 |
| Shinhan Alpha REIT Co. Ltd.  | 4840 | &nbsp;&nbsp;&nbsp; 17917 |
| SL Green Realty Corp. (b) | 2988 | &nbsp;&nbsp;&nbsp; 110377 |
| Tokyu REIT, Inc.  | 34 | &nbsp;&nbsp;&nbsp; 42370 |
| Vornado Realty Trust | 7409 | &nbsp;&nbsp;&nbsp; 192560 |
| Workspace Group PLC | 5478 | &nbsp;&nbsp;&nbsp; 24982 |
|  |  | &nbsp;&nbsp;&nbsp; 3574842 |
| **Oil, Gas & Consumable Fuels — 2.0%** | **Oil, Gas & Consumable Fuels — 2.0%** | **Oil, Gas & Consumable Fuels — 2.0%** |
| Aker BP ASA | 4691 | &nbsp;&nbsp;&nbsp; 172220 |
| APA Corp.  | 3361 | &nbsp;&nbsp;&nbsp; 142641 |
| Bollore SE | 10425 | &nbsp;&nbsp;&nbsp; 59586 |
| BP PLC | 233675 | &nbsp;&nbsp;&nbsp; 1841963 |
| Chevron Corp.  | 17765 | &nbsp;&nbsp;&nbsp; 3675578 |
| ConocoPhillips | 11611 | &nbsp;&nbsp;&nbsp; 1532652 |
| Coterra Energy, Inc.  | 7190 | &nbsp;&nbsp;&nbsp; 252657 |
| Devon Energy Corp.  | 5878 | &nbsp;&nbsp;&nbsp; 295781 |
| Diamondback Energy, Inc.  | 1840 | &nbsp;&nbsp;&nbsp; 363934 |
| ENEOS Holdings, Inc.  | 40132 | &nbsp;&nbsp;&nbsp; 358133 |
| Eni SpA | 30355 | &nbsp;&nbsp;&nbsp; 861970 |
| EOG Resources, Inc.  | 5142 | &nbsp;&nbsp;&nbsp; 743379 |
| EQT Corp.  | 5914 | &nbsp;&nbsp;&nbsp; 376367 |
| Equinor ASA | 11382 | &nbsp;&nbsp;&nbsp; 481756 |
| Expand Energy Corp.  | 2257 | &nbsp;&nbsp;&nbsp; 247773 |
| Exxon Mobil Corp. (b) | 39605 | &nbsp;&nbsp;&nbsp; 6719384 |
| Galp Energia SGPS SA | 6193 | &nbsp;&nbsp;&nbsp; 150561 |
| Idemitsu Kosan Co. Ltd.  | 11481 | &nbsp;&nbsp;&nbsp; 111614 |
| Inpex Corp.  | 13050 | &nbsp;&nbsp;&nbsp; 382911 |
| Kinder Morgan, Inc.  | 18554 | &nbsp;&nbsp;&nbsp; 622116 |
| Marathon Petroleum Corp.  | 2796 | &nbsp;&nbsp;&nbsp; 682727 |
| Neste OYJ | 6280 | &nbsp;&nbsp;&nbsp; 202806 |
| Occidental Petroleum Corp.  | 6816 | &nbsp;&nbsp;&nbsp; 443040 |
| OMV AG | 2186 | &nbsp;&nbsp;&nbsp; 158754 |
| ONEOK, Inc.  | 5963 | &nbsp;&nbsp;&nbsp; 538996 |
| Phillips 66 Co.  | 3819 | &nbsp;&nbsp;&nbsp; 695745 |
| Repsol SA | 16744 | &nbsp;&nbsp;&nbsp; 470442 |
| Santos Ltd.  | 48205 | &nbsp;&nbsp;&nbsp; 264735 |
| Shell PLC | 84605 | &nbsp;&nbsp;&nbsp; 3950785 |
| Targa Resources Corp.  | 2034 | &nbsp;&nbsp;&nbsp; 509985 |

---

**BHFTI-13**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

**Consolidated 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)** |
| Texas Pacific Land Corp.  | 549 | &nbsp;&nbsp;&nbsp; $260533 |
| TotalEnergies SE | 29480 | &nbsp;&nbsp;&nbsp; 2721985 |
| Valero Energy Corp.  | 2891 | &nbsp;&nbsp;&nbsp; 714308 |
| Williams Cos., Inc.  | 11574 | &nbsp;&nbsp;&nbsp; 842356 |
| Woodside Energy Group Ltd.  | 28213 | &nbsp;&nbsp;&nbsp; 672896 |
|  |  | &nbsp;&nbsp;&nbsp; 32523069 |
| **Paper & Forest Products — 0.0%** | **Paper & Forest Products — 0.0%** | **Paper & Forest Products — 0.0%** |
| Holmen AB - B Shares (b) | 1044 | &nbsp;&nbsp;&nbsp; 37370 |
| Stora Enso OYJ - R Shares | 8645 | &nbsp;&nbsp;&nbsp; 101831 |
| Svenska Cellulosa AB SCA - Class B (b) | 9032 | &nbsp;&nbsp;&nbsp; 104542 |
| UPM-Kymmene OYJ | 7833 | &nbsp;&nbsp;&nbsp; 243649 |
|  |  | &nbsp;&nbsp;&nbsp; 487392 |
| **Passenger Airlines — 0.1%** | **Passenger Airlines — 0.1%** | **Passenger Airlines — 0.1%** |
| ANA Holdings, Inc.  | 2359 | &nbsp;&nbsp;&nbsp; 41943 |
| Delta Air Lines, Inc.  | 6156 | &nbsp;&nbsp;&nbsp; 409251 |
| Deutsche Lufthansa AG | 8901 | &nbsp;&nbsp;&nbsp; 73469 |
| International Consolidated Airlines Group SA - Class DI | 17543 | &nbsp;&nbsp;&nbsp; 83843 |
| Japan Airlines Co. Ltd.  | 2139 | &nbsp;&nbsp;&nbsp; 34802 |
| Qantas Airways Ltd.  | 11006 | &nbsp;&nbsp;&nbsp; 64640 |
| Ryanair Holdings PLC | 12460 | &nbsp;&nbsp;&nbsp; 352997 |
| Singapore Airlines Ltd.  | 23447 | &nbsp;&nbsp;&nbsp; 121328 |
| Southwest Airlines Co.  | 4656 | &nbsp;&nbsp;&nbsp; 174926 |
| United Airlines Holdings, Inc. (a) | 3065 | &nbsp;&nbsp;&nbsp; 282195 |
|  |  | &nbsp;&nbsp;&nbsp; 1639394 |
| **Personal Care Products — 0.3%** | **Personal Care Products — 0.3%** | **Personal Care Products — 0.3%** |
| Beiersdorf AG | 1440 | &nbsp;&nbsp;&nbsp; 127400 |
| Estee Lauder Cos., Inc. - Class A | 2343 | &nbsp;&nbsp;&nbsp; 168157 |
| Kao Corp.  | 6686 | &nbsp;&nbsp;&nbsp; 261256 |
| Kenvue, Inc.  | 18158 | &nbsp;&nbsp;&nbsp; 313044 |
| L'Oreal SA | 3565 | &nbsp;&nbsp;&nbsp; 1461884 |
| Shiseido Co. Ltd.  | 5954 | &nbsp;&nbsp;&nbsp; 122115 |
| Unilever PLC | 32616 | &nbsp;&nbsp;&nbsp; 1828673 |
|  |  | &nbsp;&nbsp;&nbsp; 4282529 |
| **Pharmaceuticals — 2.7%** | **Pharmaceuticals — 2.7%** | **Pharmaceuticals — 2.7%** |
| Astellas Pharma, Inc.  | 26883 | &nbsp;&nbsp;&nbsp; 438918 |
| AstraZeneca PLC | 23023 | &nbsp;&nbsp;&nbsp; 4496808 |
| Bayer AG | 14579 | &nbsp;&nbsp;&nbsp; 662777 |
| Bristol-Myers Squibb Co.  | 19300 | &nbsp;&nbsp;&nbsp; 1170545 |
| Chugai Pharmaceutical Co. Ltd.  | 9994 | &nbsp;&nbsp;&nbsp; 552952 |
| Daiichi Sankyo Co. Ltd.  | 26749 | &nbsp;&nbsp;&nbsp; 471598 |
| Eisai Co. Ltd.  | 3863 | &nbsp;&nbsp;&nbsp; 120051 |
| Eli Lilly & Co.  | 7510 | &nbsp;&nbsp;&nbsp; 6907473 |
| Financiere de Tubize SA | 297 | &nbsp;&nbsp;&nbsp; 73433 |
| Galderma Group AG | 2295 | &nbsp;&nbsp;&nbsp; 444909 |
| GSK PLC | 60489 | &nbsp;&nbsp;&nbsp; 1658903 |
| Haleon PLC | 132179 | &nbsp;&nbsp;&nbsp; 654277 |
| Ipsen SA | 560 | &nbsp;&nbsp;&nbsp; 105018 |
| Johnson & Johnson | 22839 | &nbsp;&nbsp;&nbsp; 5582765 |
| Kyowa Kirin Co. Ltd.  | 3535 | &nbsp;&nbsp;&nbsp; 58394 |
| Merck & Co., Inc.  | 23523 | &nbsp;&nbsp;&nbsp; 2829582 |
| Merck KGaA | 1918 | &nbsp;&nbsp;&nbsp; 238195 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Pharmaceuticals—(Continued)** | **Pharmaceuticals—(Continued)** | **Pharmaceuticals—(Continued)** |
| Novartis AG | 28222 | &nbsp;&nbsp;&nbsp; $4284933 |
| Novo Nordisk AS - Class B | 47802 | &nbsp;&nbsp;&nbsp; 1761464 |
| Orion OYJ - Class B | 1623 | &nbsp;&nbsp;&nbsp; 131260 |
| Otsuka Holdings Co. Ltd.  | 6414 | &nbsp;&nbsp;&nbsp; 452742 |
| Pfizer, Inc.  | 53885 | &nbsp;&nbsp;&nbsp; 1513091 |
| Recordati Industria Chimica e Farmaceutica SpA | 1707 | &nbsp;&nbsp;&nbsp; 97102 |
| Roche Holding AG | 10429 | &nbsp;&nbsp;&nbsp; 4118056 |
| Roche Holding AG (Bearer Shares) | 475 | &nbsp;&nbsp;&nbsp; 196755 |
| Sandoz Group AG | 6203 | &nbsp;&nbsp;&nbsp; 486554 |
| Sanofi SA | 16291 | &nbsp;&nbsp;&nbsp; 1571361 |
| Shionogi & Co. Ltd.  | 11190 | &nbsp;&nbsp;&nbsp; 248967 |
| Takeda Pharmaceutical Co. Ltd.  | 23591 | &nbsp;&nbsp;&nbsp; 870292 |
| Teva Pharmaceutical Industries Ltd. (ADR) (a) | 17019 | &nbsp;&nbsp;&nbsp; 512612 |
| UCB SA | 1876 | &nbsp;&nbsp;&nbsp; 565072 |
| Viatris, Inc.  | 10915 | &nbsp;&nbsp;&nbsp; 147462 |
| Zoetis, Inc.  | 4001 | &nbsp;&nbsp;&nbsp; 472958 |
|  |  | &nbsp;&nbsp;&nbsp; 43897279 |
| **Professional Services — 0.3%** | **Professional Services — 0.3%** | **Professional Services — 0.3%** |
| Automatic Data Processing, Inc.  | 3816 | &nbsp;&nbsp;&nbsp; 775335 |
| Broadridge Financial Solutions, Inc.  | 1106 | &nbsp;&nbsp;&nbsp; 179703 |
| Bureau Veritas SA | 5053 | &nbsp;&nbsp;&nbsp; 151789 |
| Computershare Ltd.  | 7727 | &nbsp;&nbsp;&nbsp; 152599 |
| Equifax, Inc.  | 1141 | &nbsp;&nbsp;&nbsp; 205460 |
| Experian PLC | 13617 | &nbsp;&nbsp;&nbsp; 473308 |
| Intertek Group PLC | 2285 | &nbsp;&nbsp;&nbsp; 111409 |
| Jacobs Solutions, Inc.  | 1113 | &nbsp;&nbsp;&nbsp; 141663 |
| Leidos Holdings, Inc.  | 1212 | &nbsp;&nbsp;&nbsp; 188490 |
| Paychex, Inc.  | 3062 | &nbsp;&nbsp;&nbsp; 282071 |
| Randstad NV | 1567 | &nbsp;&nbsp;&nbsp; 41168 |
| Recruit Holdings Co. Ltd.  | 20891 | &nbsp;&nbsp;&nbsp; 903764 |
| RELX PLC | 27021 | &nbsp;&nbsp;&nbsp; 890861 |
| SGS SA | 2457 | &nbsp;&nbsp;&nbsp; 260053 |
| Verisk Analytics, Inc.  | 1321 | &nbsp;&nbsp;&nbsp; 250660 |
| Wolters Kluwer NV | 3451 | &nbsp;&nbsp;&nbsp; 258170 |
|  |  | &nbsp;&nbsp;&nbsp; 5266503 |
| **Real Estate Management & Development — 0.9%** | **Real Estate Management & Development — 0.9%** | **Real Estate Management & Development — 0.9%** |
| Allreal Holding AG | 617 | &nbsp;&nbsp;&nbsp; 174590 |
| Amot Investments Ltd.  | 10053 | &nbsp;&nbsp;&nbsp; 61601 |
| Aroundtown SA (a) | 29830 | &nbsp;&nbsp;&nbsp; 78756 |
| Atrium Ljungberg AB - B Shares | 9625 | &nbsp;&nbsp;&nbsp; 30051 |
| Azrieli Group Ltd.  | 2168 | &nbsp;&nbsp;&nbsp; 290369 |
| CA Immobilien Anlagen AG (b) | 1306 | &nbsp;&nbsp;&nbsp; 36949 |
| CapitaLand Investment Ltd.  | 130301 | &nbsp;&nbsp;&nbsp; 277748 |
| Castellum AB | 14407 | &nbsp;&nbsp;&nbsp; 167384 |
| Catena AB | 1769 | &nbsp;&nbsp;&nbsp; 83044 |
| CBRE Group, Inc. - Class A (a) | 2754 | &nbsp;&nbsp;&nbsp; 373057 |
| Cibus Nordic Real Estate AB publ | 3237 | &nbsp;&nbsp;&nbsp; 48862 |
| City Developments Ltd.  | 16606 | &nbsp;&nbsp;&nbsp; 107001 |
| Citycon OYJ | 1055 | &nbsp;&nbsp;&nbsp; 3887 |
| CK Asset Holdings Ltd.  | 28714 | &nbsp;&nbsp;&nbsp; 164019 |
| Corem Property Group AB - Class B (b) | 33427 | &nbsp;&nbsp;&nbsp; 11839 |
| CoStar Group, Inc. (a) | 4017 | &nbsp;&nbsp;&nbsp; 162046 |
| Daito Trust Construction Co. Ltd. (b) | 4340 | &nbsp;&nbsp;&nbsp; 101081 |
| Daiwa House Industry Co. Ltd.  | 8323 | &nbsp;&nbsp;&nbsp; 260174 |

---

**BHFTI-14**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Real Estate Management & Development—(Continued)** | **Real Estate Management & Development—(Continued)** | **Real Estate Management & Development—(Continued)** |
| Deutsche EuroShop AG | 491 | &nbsp;&nbsp;&nbsp; $11554 |
| Deutsche Wohnen SE | 2072 | &nbsp;&nbsp;&nbsp; 45430 |
| Dios Fastigheter AB | 4231 | &nbsp;&nbsp;&nbsp; 28273 |
| Entra ASA | 1854 | &nbsp;&nbsp;&nbsp; 20086 |
| Fabege AB | 7916 | &nbsp;&nbsp;&nbsp; 63892 |
| Fastighets AB Balder - B Shares (a) | 39750 | &nbsp;&nbsp;&nbsp; 233780 |
| FastPartner AB - Class A | 1970 | &nbsp;&nbsp;&nbsp; 8977 |
| Grainger PLC | 30683 | &nbsp;&nbsp;&nbsp; 66051 |
| Grand City Properties SA | 2866 | &nbsp;&nbsp;&nbsp; 29896 |
| Heba Fastighets AB - Class B | 2128 | &nbsp;&nbsp;&nbsp; 6259 |
| Heiwa Real Estate Co. Ltd.  | 1655 | &nbsp;&nbsp;&nbsp; 25321 |
| Henderson Land Development Co. Ltd.  | 76903 | &nbsp;&nbsp;&nbsp; 285229 |
| Hiag Immobilien Holding AG | 177 | &nbsp;&nbsp;&nbsp; 29913 |
| Hongkong Land Holdings Ltd.  | 59252 | &nbsp;&nbsp;&nbsp; 463437 |
| Hufvudstaden AB - A Shares | 3816 | &nbsp;&nbsp;&nbsp; 48455 |
| Hulic Co. Ltd.  | 26346 | &nbsp;&nbsp;&nbsp; 306696 |
| Hysan Development Co. Ltd.  | 24949 | &nbsp;&nbsp;&nbsp; 60749 |
| Intea Fastigheter AB | 6044 | &nbsp;&nbsp;&nbsp; 44998 |
| Intershop Holding AG | 207 | &nbsp;&nbsp;&nbsp; 43619 |
| Investis Holding SA | 116 | &nbsp;&nbsp;&nbsp; 22399 |
| Kennedy-Wilson Holdings, Inc.  | 5030 | &nbsp;&nbsp;&nbsp; 54425 |
| LEG Immobilien SE | 4302 | &nbsp;&nbsp;&nbsp; 280168 |
| Lifestyle Communities Ltd. (a) | 4027 | &nbsp;&nbsp;&nbsp; 13056 |
| Logistea AB - Class B | 11629 | &nbsp;&nbsp;&nbsp; 16172 |
| Lumo Kodit OYJ | 6400 | &nbsp;&nbsp;&nbsp; 58960 |
| Melisron Ltd.  | 1014 | &nbsp;&nbsp;&nbsp; 131262 |
| Mitsubishi Estate Co. Ltd.  | 61560 | &nbsp;&nbsp;&nbsp; 1703447 |
| Mitsui Fudosan Co. Ltd.  | 147724 | &nbsp;&nbsp;&nbsp; 1563594 |
| Mobimo Holding AG | 305 | &nbsp;&nbsp;&nbsp; 145531 |
| Neobo Fastigheter AB (a) | 3658 | &nbsp;&nbsp;&nbsp; 6672 |
| New World Development Co. Ltd. (a) | 57716 | &nbsp;&nbsp;&nbsp; 59657 |
| Nomura Real Estate Holdings, Inc.  | 21895 | &nbsp;&nbsp;&nbsp; 140903 |
| NP3 Fastigheter AB | 1321 | &nbsp;&nbsp;&nbsp; 34566 |
| Nyfosa AB | 6696 | &nbsp;&nbsp;&nbsp; 46511 |
| Pandox AB | 4447 | &nbsp;&nbsp;&nbsp; 85044 |
| Peach Property Group AG (a) | 1619 | &nbsp;&nbsp;&nbsp; 10165 |
| Platzer Fastigheter Holding AB - Class B | 2636 | &nbsp;&nbsp;&nbsp; 19005 |
| PSP Swiss Property AG | 1919 | &nbsp;&nbsp;&nbsp; 381948 |
| Public Property Invest AS | 10727 | &nbsp;&nbsp;&nbsp; 24033 |
| Sagax AB - Class B | 12222 | &nbsp;&nbsp;&nbsp; 227807 |
| Samhallsbyggnadsbolaget i Norden AB (a) | 40169 | &nbsp;&nbsp;&nbsp; 15992 |
| Sino Land Co. Ltd.  | 213313 | &nbsp;&nbsp;&nbsp; 317865 |
| Sirius Real Estate Ltd.  | 62175 | &nbsp;&nbsp;&nbsp; 76356 |
| Stendorren Fastigheter AB (a) | 713 | &nbsp;&nbsp;&nbsp; 14100 |
| StorageVault Canada, Inc.  | 9389 | &nbsp;&nbsp;&nbsp; 29697 |
| Sumitomo Realty & Development Co. Ltd.  | 36448 | &nbsp;&nbsp;&nbsp; 1024725 |
| Sun Hung Kai Properties Ltd.  | 80095 | &nbsp;&nbsp;&nbsp; 1357523 |
| Sveafastigheter AB (a) | 2337 | &nbsp;&nbsp;&nbsp; 8691 |
| Swedish Logistic Property AB - Class B (a) | 8154 | &nbsp;&nbsp;&nbsp; 31360 |
| Swire Properties Ltd.  | 41079 | &nbsp;&nbsp;&nbsp; 119391 |
| Swiss Prime Site AG | 4567 | &nbsp;&nbsp;&nbsp; 773767 |
| TAG Immobilien AG | 7951 | &nbsp;&nbsp;&nbsp; 124352 |
| Tokyo Tatemono Co. Ltd.  | 8093 | &nbsp;&nbsp;&nbsp; 185784 |
| Tosei Corp.  | 2400 | &nbsp;&nbsp;&nbsp; 23955 |
| UOL Group Ltd.  | 19165 | &nbsp;&nbsp;&nbsp; 145982 |
| VGP NV | 563 | &nbsp;&nbsp;&nbsp; 54439 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Real Estate Management & Development—(Continued)** | **Real Estate Management & Development—(Continued)** | **Real Estate Management & Development—(Continued)** |
| Vonovia SE | 40994 | &nbsp;&nbsp;&nbsp; $1020930 |
| Wallenstam AB - Class B | 14317 | &nbsp;&nbsp;&nbsp; 62363 |
| Wharf Holdings Ltd.  | 16121 | &nbsp;&nbsp;&nbsp; 44542 |
| Wharf Real Estate Investment Co. Ltd.  | 89814 | &nbsp;&nbsp;&nbsp; 260388 |
| Wihlborgs Fastigheter AB | 11327 | &nbsp;&nbsp;&nbsp; 103829 |
|  |  | &nbsp;&nbsp;&nbsp; 15076429 |
| **Residential REITs — 0.5%** | **Residential REITs — 0.5%** | **Residential REITs — 0.5%** |
| Advance Residence Investment Corp.  | 109 | &nbsp;&nbsp;&nbsp; 111611 |
| Altarea SCA | 326 | &nbsp;&nbsp;&nbsp; 42936 |
| American Homes 4 Rent - Class A | 14353 | &nbsp;&nbsp;&nbsp; 400736 |
| AvalonBay Communities, Inc.  | 7331 | &nbsp;&nbsp;&nbsp; 1197519 |
| Boardwalk Real Estate Investment Trust | 1697 | &nbsp;&nbsp;&nbsp; 76792 |
| Camden Property Trust | 5425 | &nbsp;&nbsp;&nbsp; 529805 |
| Canadian Apartment Properties REIT | 6464 | &nbsp;&nbsp;&nbsp; 165004 |
| Centerspace | 700 | &nbsp;&nbsp;&nbsp; 40215 |
| Comforia Residential REIT, Inc.  | 83 | &nbsp;&nbsp;&nbsp; 56743 |
| Daiwa Securities Living Investments Corp.  | 81 | &nbsp;&nbsp;&nbsp; 54450 |
| Equity LifeStyle Properties, Inc.  | 8071 | &nbsp;&nbsp;&nbsp; 503792 |
| Equity Residential | 19169 | &nbsp;&nbsp;&nbsp; 1133846 |
| Essex Property Trust, Inc.  | 3294 | &nbsp;&nbsp;&nbsp; 797148 |
| Home Invest Belgium SA | 405 | &nbsp;&nbsp;&nbsp; 8638 |
| Home REIT PLC (a) (c) (d) | 72879 | &nbsp;&nbsp;&nbsp; 0 |
| Independence Realty Trust, Inc.  | 10005 | &nbsp;&nbsp;&nbsp; 148974 |
| Ingenia Communities Group | 16993 | &nbsp;&nbsp;&nbsp; 47259 |
| InterRent Real Estate Investment Trust | 5624 | &nbsp;&nbsp;&nbsp; 53608 |
| Invitation Homes, Inc.  | 31049 | &nbsp;&nbsp;&nbsp; 771568 |
| Irish Residential Properties REIT PLC | 21333 | &nbsp;&nbsp;&nbsp; 25041 |
| Killam Apartment Real Estate Investment Trust | 5035 | &nbsp;&nbsp;&nbsp; 57730 |
| Mid-America Apartment Communities, Inc.  | 5996 | &nbsp;&nbsp;&nbsp; 732231 |
| Mitsui Fudosan Accommodations Fund, Inc.  | 98 | &nbsp;&nbsp;&nbsp; 82902 |
| NexPoint Residential Trust, Inc.  | 935 | &nbsp;&nbsp;&nbsp; 23375 |
| Residential Secure Income PLC | 7749 | &nbsp;&nbsp;&nbsp; 5213 |
| Samty Residential Investment Corp.  | 15 | &nbsp;&nbsp;&nbsp; 9981 |
| Social Housing Reit PLC | 15605 | &nbsp;&nbsp;&nbsp; 14884 |
| Starts Proceed Investment Corp.  | 10 | &nbsp;&nbsp;&nbsp; 12445 |
| Sun Communities, Inc.  | 5145 | &nbsp;&nbsp;&nbsp; 648064 |
| UDR, Inc.  | 16728 | &nbsp;&nbsp;&nbsp; 565072 |
| UMH Properties, Inc.  | 3339 | &nbsp;&nbsp;&nbsp; 48182 |
| UNITE Group PLC | 19841 | &nbsp;&nbsp;&nbsp; 119718 |
| Veris Residential, Inc.  | 3302 | &nbsp;&nbsp;&nbsp; 62309 |
| Xior Student Housing NV | 1627 | &nbsp;&nbsp;&nbsp; 49993 |
|  |  | &nbsp;&nbsp;&nbsp; 8597784 |
| **Retail REITs — 0.9%** | **Retail REITs — 0.9%** | **Retail REITs — 0.9%** |
| Acadia Realty Trust | 5488 | &nbsp;&nbsp;&nbsp; 104931 |
| AEON REIT Investment Corp.  | 71 | &nbsp;&nbsp;&nbsp; 56096 |
| Agree Realty Corp. (b) | 4751 | &nbsp;&nbsp;&nbsp; 358130 |
| Ascencio | 249 | &nbsp;&nbsp;&nbsp; 14477 |
| Brixmor Property Group, Inc.  | 12789 | &nbsp;&nbsp;&nbsp; 368323 |
| BWP Property Group Ltd.  | 23491 | &nbsp;&nbsp;&nbsp; 60496 |
| Carmila SA (a) | 2649 | &nbsp;&nbsp;&nbsp; 51359 |
| Charter Hall Retail REIT | 23805 | &nbsp;&nbsp;&nbsp; 62855 |
| Choice Properties Real Estate Investment Trust | 11619 | &nbsp;&nbsp;&nbsp; 128293 |
| Crombie Real Estate Investment Trust | 4588 | &nbsp;&nbsp;&nbsp; 52044 |
| Curbline Properties Corp.  | 4048 | &nbsp;&nbsp;&nbsp; 104398 |

---

**BHFTI-15**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Retail REITs—(Continued)** | **Retail REITs—(Continued)** | **Retail REITs—(Continued)** |
| Eurocommercial Properties NV | 1765 | &nbsp;&nbsp;&nbsp; $53804 |
| Federal Realty Investment Trust | 4317 | &nbsp;&nbsp;&nbsp; 458509 |
| First Capital Real Estate Investment Trust | 8900 | &nbsp;&nbsp;&nbsp; 131923 |
| Fortune Real Estate Investment Trust | 63860 | &nbsp;&nbsp;&nbsp; 38132 |
| Frasers Centrepoint Trust | 53570 | &nbsp;&nbsp;&nbsp; 91143 |
| Frontier Real Estate Investment Corp.  | 103 | &nbsp;&nbsp;&nbsp; 54988 |
| Fukuoka REIT Corp.  | 30 | &nbsp;&nbsp;&nbsp; 32301 |
| Getty Realty Corp.  | 2247 | &nbsp;&nbsp;&nbsp; 71455 |
| Hamborner REIT AG | 3007 | &nbsp;&nbsp;&nbsp; 15328 |
| Hammerson PLC | 21460 | &nbsp;&nbsp;&nbsp; 85371 |
| HomeCo Daily Needs REIT | 74002 | &nbsp;&nbsp;&nbsp; 60594 |
| Immobiliare Grande Distribuzione SIIQ SpA | 2281 | &nbsp;&nbsp;&nbsp; 10427 |
| InvenTrust Properties Corp.  | 3245 | &nbsp;&nbsp;&nbsp; 98843 |
| Japan Metropolitan Fund Invest | 282 | &nbsp;&nbsp;&nbsp; 198522 |
| Kimco Realty Corp.  | 34460 | &nbsp;&nbsp;&nbsp; 774316 |
| Kite Realty Group Trust | 9046 | &nbsp;&nbsp;&nbsp; 222079 |
| Kiwi Property Group Ltd.  | 59925 | &nbsp;&nbsp;&nbsp; 31357 |
| Klepierre SA | 11911 | &nbsp;&nbsp;&nbsp; 448938 |
| Lendlease Global Commercial REIT | 107264 | &nbsp;&nbsp;&nbsp; 44769 |
| Link REIT | 147515 | &nbsp;&nbsp;&nbsp; 683004 |
| LOTTE REIT Co. Ltd.  | 6278 | &nbsp;&nbsp;&nbsp; 19057 |
| Macerich Co.  | 10713 | &nbsp;&nbsp;&nbsp; 202476 |
| Mercialys SA | 3914 | &nbsp;&nbsp;&nbsp; 53074 |
| NETSTREIT Corp. (b) | 3497 | &nbsp;&nbsp;&nbsp; 65848 |
| NewRiver REIT PLC | 16513 | &nbsp;&nbsp;&nbsp; 15319 |
| NNN REIT, Inc.  | 7934 | &nbsp;&nbsp;&nbsp; 333466 |
| Phillips Edison & Co., Inc.  | 5251 | &nbsp;&nbsp;&nbsp; 196492 |
| Primaris Real Estate Investment Trust | 4954 | &nbsp;&nbsp;&nbsp; 61431 |
| Realty Income Corp.  | 47225 | &nbsp;&nbsp;&nbsp; 2889225 |
| Regency Centers Corp.  | 9148 | &nbsp;&nbsp;&nbsp; 692138 |
| Region RE Ltd.  | 48428 | &nbsp;&nbsp;&nbsp; 76016 |
| Retail Estates NV | 486 | &nbsp;&nbsp;&nbsp; 37235 |
| RioCan Real Estate Investment Trust | 12303 | &nbsp;&nbsp;&nbsp; 167949 |
| Scentre Group | 296202 | &nbsp;&nbsp;&nbsp; 683378 |
| Simon Property Group, Inc.  | 16693 | &nbsp;&nbsp;&nbsp; 3113745 |
| SmartCentres Real Estate Investment Trust | 5413 | &nbsp;&nbsp;&nbsp; 103661 |
| Starhill Global REIT | 59180 | &nbsp;&nbsp;&nbsp; 24702 |
| Supermarket Income REIT PLC | 51644 | &nbsp;&nbsp;&nbsp; 54329 |
| Tanger, Inc.  | 4726 | &nbsp;&nbsp;&nbsp; 160589 |
| Unibail-Rodamco-Westfield (a) | 6918 | &nbsp;&nbsp;&nbsp; 773186 |
| Urban Edge Properties | 5290 | &nbsp;&nbsp;&nbsp; 105694 |
| Vastned NV (a) | 312 | &nbsp;&nbsp;&nbsp; 10461 |
| Vicinity Ltd.  | 219228 | &nbsp;&nbsp;&nbsp; 355679 |
| Waypoint REIT Ltd.  | 25798 | &nbsp;&nbsp;&nbsp; 41991 |
| Wereldhave NV | 1526 | &nbsp;&nbsp;&nbsp; 37917 |
|  |  | &nbsp;&nbsp;&nbsp; 15242263 |
| **Semiconductors & Semiconductor Equipment — 5.6%** | **Semiconductors & Semiconductor Equipment — 5.6%** | **Semiconductors & Semiconductor Equipment — 5.6%** |
| Advanced Micro Devices, Inc. (a) | 15452 | &nbsp;&nbsp;&nbsp; 3143400 |
| Advantest Corp.  | 11331 | &nbsp;&nbsp;&nbsp; 1533035 |
| Analog Devices, Inc.  | 4631 | &nbsp;&nbsp;&nbsp; 1473306 |
| Applied Materials, Inc.  | 7522 | &nbsp;&nbsp;&nbsp; 2570945 |
| ASM International NV | 695 | &nbsp;&nbsp;&nbsp; 529401 |
| ASML Holding NV | 5762 | &nbsp;&nbsp;&nbsp; 7626797 |
| BE Semiconductor Industries NV | 1084 | &nbsp;&nbsp;&nbsp; 228711 |
| Broadcom, Inc.  | 44934 | &nbsp;&nbsp;&nbsp; 13907522 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Semiconductors & Semiconductor Equipment—(Continued)** | **Semiconductors & Semiconductor Equipment—(Continued)** | **Semiconductors & Semiconductor Equipment—(Continued)** |
| Disco Corp.  | 1402 | &nbsp;&nbsp;&nbsp; $561777 |
| First Solar, Inc. (a) | 1017 | &nbsp;&nbsp;&nbsp; 200614 |
| Infineon Technologies AG | 19379 | &nbsp;&nbsp;&nbsp; 851479 |
| Intel Corp. (a) | 44498 | &nbsp;&nbsp;&nbsp; 1963697 |
| Kioxia Holdings Corp. (a) | 2800 | &nbsp;&nbsp;&nbsp; 355953 |
| KLA Corp.  | 1242 | &nbsp;&nbsp;&nbsp; 1828733 |
| Lam Research Corp.  | 11835 | &nbsp;&nbsp;&nbsp; 2528666 |
| Lasertec Corp.  | 1233 | &nbsp;&nbsp;&nbsp; 271863 |
| Microchip Technology, Inc.  | 5128 | &nbsp;&nbsp;&nbsp; 331320 |
| Micron Technology, Inc.  | 10667 | &nbsp;&nbsp;&nbsp; 3603739 |
| Monolithic Power Systems, Inc.  | 463 | &nbsp;&nbsp;&nbsp; 506221 |
| Nova Ltd. (a) | 440 | &nbsp;&nbsp;&nbsp; 195458 |
| NVIDIA Corp.  | 230297 | &nbsp;&nbsp;&nbsp; 40163797 |
| NXP Semiconductors NV | 2385 | &nbsp;&nbsp;&nbsp; 469511 |
| ON Semiconductor Corp. (a) | 3734 | &nbsp;&nbsp;&nbsp; 231209 |
| Qnity Electronics, Inc. - Class W/I | 1985 | &nbsp;&nbsp;&nbsp; 229029 |
| QUALCOMM, Inc.  | 10112 | &nbsp;&nbsp;&nbsp; 1302223 |
| Renesas Electronics Corp.  | 26400 | &nbsp;&nbsp;&nbsp; 374894 |
| SCREEN Holdings Co. Ltd.  | 2496 | &nbsp;&nbsp;&nbsp; 147063 |
| Skyworks Solutions, Inc.  | 1425 | &nbsp;&nbsp;&nbsp; 76309 |
| STMicroelectronics NV | 10047 | &nbsp;&nbsp;&nbsp; 344901 |
| Teradyne, Inc.  | 1484 | &nbsp;&nbsp;&nbsp; 439947 |
| Texas Instruments, Inc. (b) | 8601 | &nbsp;&nbsp;&nbsp; 1669798 |
| Tokyo Electron Ltd.  | 6634 | &nbsp;&nbsp;&nbsp; 1622359 |
| Tower Semiconductor Ltd. (a) | 1670 | &nbsp;&nbsp;&nbsp; 292833 |
|  |  | &nbsp;&nbsp;&nbsp; 91576510 |
| **Software — 2.9%** | **Software — 2.9%** | **Software — 2.9%** |
| Adobe, Inc. (a) | 3890 | &nbsp;&nbsp;&nbsp; 945581 |
| AppLovin Corp. - Class A (a) | 2568 | &nbsp;&nbsp;&nbsp; 1022064 |
| Autodesk, Inc. (a) | 2009 | &nbsp;&nbsp;&nbsp; 480955 |
| Cadence Design Systems, Inc. (a) | 2580 | &nbsp;&nbsp;&nbsp; 716905 |
| Check Point Software Technologies Ltd. (a) | 1275 | &nbsp;&nbsp;&nbsp; 182134 |
| Crowdstrike Holdings, Inc. - Class A (a) | 2389 | &nbsp;&nbsp;&nbsp; 932689 |
| CyberArk Software Ltd. (a) | 744 | &nbsp;&nbsp;&nbsp; 33480 |
| Dassault Systemes SE | 9956 | &nbsp;&nbsp;&nbsp; 202703 |
| Datadog, Inc. - Class A (a) | 3111 | &nbsp;&nbsp;&nbsp; 367253 |
| Fair Isaac Corp. (a) | 225 | &nbsp;&nbsp;&nbsp; 240196 |
| Fortinet, Inc. (a) | 5990 | &nbsp;&nbsp;&nbsp; 489503 |
| Gen Digital, Inc.  | 5223 | &nbsp;&nbsp;&nbsp; 98349 |
| Intuit, Inc.  | 2637 | &nbsp;&nbsp;&nbsp; 1140186 |
| Microsoft Corp.  | 70374 | &nbsp;&nbsp;&nbsp; 26050344 |
| Monday.com Ltd. (a) | 641 | &nbsp;&nbsp;&nbsp; 44299 |
| Nebius Group NV (a) (b) | 3167 | &nbsp;&nbsp;&nbsp; 328608 |
| Nemetschek SE | 857 | &nbsp;&nbsp;&nbsp; 63078 |
| Nice Ltd. (a) | 917 | &nbsp;&nbsp;&nbsp; 101108 |
| Oracle Corp.  | 16071 | &nbsp;&nbsp;&nbsp; 2364205 |
| Oracle Corp. Japan | 544 | &nbsp;&nbsp;&nbsp; 29795 |
| Palantir Technologies, Inc. - Class A (a) | 21649 | &nbsp;&nbsp;&nbsp; 3166816 |
| Palo Alto Networks, Inc. (a) | 7658 | &nbsp;&nbsp;&nbsp; 1227730 |
| PTC, Inc. (a) | 1128 | &nbsp;&nbsp;&nbsp; 160729 |
| Roper Technologies, Inc.  | 1010 | &nbsp;&nbsp;&nbsp; 357399 |
| Sage Group PLC | 14170 | &nbsp;&nbsp;&nbsp; 158260 |
| Salesforce, Inc. (b) | 8880 | &nbsp;&nbsp;&nbsp; 1657630 |
| SAP SE | 15501 | &nbsp;&nbsp;&nbsp; 2623282 |
| ServiceNow, Inc. (a) | 9913 | &nbsp;&nbsp;&nbsp; 1036404 |

---

**BHFTI-16**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Software—(Continued)** | **Software—(Continued)** | **Software—(Continued)** |
| Synopsys, Inc. (a) | 1813 | &nbsp;&nbsp;&nbsp; $718818 |
| Trimble, Inc. (a) | 2255 | &nbsp;&nbsp;&nbsp; 147094 |
| Tyler Technologies, Inc. (a) | 408 | &nbsp;&nbsp;&nbsp; 139691 |
| WiseTech Global Ltd.  | 2993 | &nbsp;&nbsp;&nbsp; 81691 |
| Workday, Inc. - Class A (a) | 2019 | &nbsp;&nbsp;&nbsp; 262308 |
| Xero Ltd. (a) | 2522 | &nbsp;&nbsp;&nbsp; 134903 |
|  |  | &nbsp;&nbsp;&nbsp; 47706190 |
| **Specialized REITs — 1.1%** | **Specialized REITs — 1.1%** | **Specialized REITs — 1.1%** |
| Abacus Storage King | 16860 | &nbsp;&nbsp;&nbsp; 16208 |
| American Tower Corp.  | 4437 | &nbsp;&nbsp;&nbsp; 765737 |
| Arena REIT | 16605 | &nbsp;&nbsp;&nbsp; 37578 |
| Big Yellow Group PLC | 7783 | &nbsp;&nbsp;&nbsp; 87995 |
| Charter Hall Social Infrastructure REIT | 13895 | &nbsp;&nbsp;&nbsp; 24843 |
| Crown Castle, Inc.  | 4127 | &nbsp;&nbsp;&nbsp; 335566 |
| CubeSmart | 9509 | &nbsp;&nbsp;&nbsp; 348505 |
| DigiCo Infrastructure REIT | 17483 | &nbsp;&nbsp;&nbsp; 21310 |
| Digital Core REIT Management Pte. Ltd.  | 35790 | &nbsp;&nbsp;&nbsp; 17438 |
| Digital Realty Trust, Inc.  | 17515 | &nbsp;&nbsp;&nbsp; 3156378 |
| EPR Properties | 3134 | &nbsp;&nbsp;&nbsp; 156575 |
| Equinix, Inc.  | 5037 | &nbsp;&nbsp;&nbsp; 4937469 |
| Extra Space Storage, Inc.  | 10862 | &nbsp;&nbsp;&nbsp; 1424334 |
| Four Corners Property Trust, Inc.  | 4403 | &nbsp;&nbsp;&nbsp; 104131 |
| Gaming & Leisure Properties, Inc.  | 11406 | &nbsp;&nbsp;&nbsp; 506084 |
| Iron Mountain, Inc.  | 15128 | &nbsp;&nbsp;&nbsp; 1545174 |
| Keppel DC REIT | 81477 | &nbsp;&nbsp;&nbsp; 138638 |
| National Storage Affiliates Trust | 2958 | &nbsp;&nbsp;&nbsp; 111635 |
| National Storage REIT | 50942 | &nbsp;&nbsp;&nbsp; 97513 |
| Public Storage | 8132 | &nbsp;&nbsp;&nbsp; 2202796 |
| Safehold, Inc.  | 2334 | &nbsp;&nbsp;&nbsp; 31579 |
| Safestore Holdings PLC | 8933 | &nbsp;&nbsp;&nbsp; 75350 |
| SBA Communications Corp.  | 1010 | &nbsp;&nbsp;&nbsp; 173831 |
| Shurgard Self Storage Ltd.  | 1351 | &nbsp;&nbsp;&nbsp; 39129 |
| Smartstop Self Storage REIT, Inc. (b) | 2313 | &nbsp;&nbsp;&nbsp; 70038 |
| VICI Properties, Inc.  | 55061 | &nbsp;&nbsp;&nbsp; 1504267 |
| Weyerhaeuser Co.  | 6829 | &nbsp;&nbsp;&nbsp; 166832 |
|  |  | &nbsp;&nbsp;&nbsp; 18096933 |
| **Specialty Retail — 0.7%** | **Specialty Retail — 0.7%** | **Specialty Retail — 0.7%** |
| AutoZone, Inc. (a) | 157 | &nbsp;&nbsp;&nbsp; 530311 |
| Avolta AG | 1305 | &nbsp;&nbsp;&nbsp; 78281 |
| Best Buy Co., Inc.  | 1847 | &nbsp;&nbsp;&nbsp; 118577 |
| Carvana Co. (a) | 1340 | &nbsp;&nbsp;&nbsp; 421269 |
| Fast Retailing Co. Ltd.  | 2799 | &nbsp;&nbsp;&nbsp; 1114037 |
| H & M Hennes & Mauritz AB - B Shares (b) | 7326 | &nbsp;&nbsp;&nbsp; 136582 |
| Home Depot, Inc.  | 9435 | &nbsp;&nbsp;&nbsp; 3103077 |
| Industria de Diseno Textil SA | 16187 | &nbsp;&nbsp;&nbsp; 930688 |
| JD Sports Fashion PLC | 36712 | &nbsp;&nbsp;&nbsp; 34471 |
| Kingfisher PLC | 25425 | &nbsp;&nbsp;&nbsp; 96546 |
| Lowe's Cos., Inc.  | 5316 | &nbsp;&nbsp;&nbsp; 1256065 |
| Nitori Holdings Co. Ltd.  | 5960 | &nbsp;&nbsp;&nbsp; 94660 |
| O'Reilly Automotive, Inc. (a) | 7979 | &nbsp;&nbsp;&nbsp; 736542 |
| Ross Stores, Inc.  | 3065 | &nbsp;&nbsp;&nbsp; 663971 |
| Sanrio Co. Ltd. (b) | 13500 | &nbsp;&nbsp;&nbsp; 83305 |
| TJX Cos., Inc.  | 10524 | &nbsp;&nbsp;&nbsp; 1680683 |
| Tractor Supply Co.  | 5008 | &nbsp;&nbsp;&nbsp; 226862 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Specialty Retail—(Continued)** | **Specialty Retail—(Continued)** | **Specialty Retail—(Continued)** |
| Ulta Beauty, Inc. (a) | 420 | &nbsp;&nbsp;&nbsp; $219538 |
| Williams-Sonoma, Inc.  | 1131 | &nbsp;&nbsp;&nbsp; 206215 |
| Zalando SE (a) | 3333 | &nbsp;&nbsp;&nbsp; 79738 |
| ZOZO, Inc.  | 6633 | &nbsp;&nbsp;&nbsp; 46390 |
|  |  | &nbsp;&nbsp;&nbsp; 11857808 |
| **Technology Hardware, Storage & Peripherals — 2.4%** | **Technology Hardware, Storage & Peripherals — 2.4%** | **Technology Hardware, Storage & Peripherals — 2.4%** |
| Apple, Inc.  | 139137 | &nbsp;&nbsp;&nbsp; 35311579 |
| Canon, Inc.  | 12898 | &nbsp;&nbsp;&nbsp; 359204 |
| Dell Technologies, Inc. - Class C | 2816 | &nbsp;&nbsp;&nbsp; 462190 |
| FUJIFILM Holdings Corp.  | 16626 | &nbsp;&nbsp;&nbsp; 315988 |
| Hewlett Packard Enterprise Co.  | 12593 | &nbsp;&nbsp;&nbsp; 299839 |
| HP, Inc. (b) | 8700 | &nbsp;&nbsp;&nbsp; 167127 |
| Logitech International SA | 2267 | &nbsp;&nbsp;&nbsp; 207133 |
| NetApp, Inc.  | 1877 | &nbsp;&nbsp;&nbsp; 192186 |
| Sandisk Corp. (a) | 1399 | &nbsp;&nbsp;&nbsp; 888841 |
| Seagate Technology Holdings PLC (b) | 2067 | &nbsp;&nbsp;&nbsp; 809768 |
| Super Micro Computer, Inc. (a) (b) | 4768 | &nbsp;&nbsp;&nbsp; 108567 |
| Western Digital Corp.  | 3213 | &nbsp;&nbsp;&nbsp; 869085 |
|  |  | &nbsp;&nbsp;&nbsp; 39991507 |
| **Textiles, Apparel & Luxury Goods — 0.4%** | **Textiles, Apparel & Luxury Goods — 0.4%** | **Textiles, Apparel & Luxury Goods — 0.4%** |
| adidas AG | 2538 | &nbsp;&nbsp;&nbsp; 399954 |
| Asics Corp.  | 10363 | &nbsp;&nbsp;&nbsp; 275565 |
| Cie Financiere Richemont SA - Class A | 7979 | &nbsp;&nbsp;&nbsp; 1421801 |
| Deckers Outdoor Corp. (a) | 1345 | &nbsp;&nbsp;&nbsp; 134621 |
| Hermes International SCA | 470 | &nbsp;&nbsp;&nbsp; 897653 |
| Kering SA | 1105 | &nbsp;&nbsp;&nbsp; 334138 |
| Lululemon Athletica, Inc. (a) | 1012 | &nbsp;&nbsp;&nbsp; 154937 |
| LVMH Moet Hennessy Louis Vuitton SE | 3694 | &nbsp;&nbsp;&nbsp; 2053366 |
| Moncler SpA | 3467 | &nbsp;&nbsp;&nbsp; 208947 |
| NIKE, Inc. - Class B | 11292 | &nbsp;&nbsp;&nbsp; 596443 |
| Pandora AS | 1173 | &nbsp;&nbsp;&nbsp; 82386 |
| Ralph Lauren Corp.  | 366 | &nbsp;&nbsp;&nbsp; 125900 |
| Swatch Group AG (Bearer Shares) | 430 | &nbsp;&nbsp;&nbsp; 95588 |
| Tapestry, Inc.  | 1919 | &nbsp;&nbsp;&nbsp; 270790 |
|  |  | &nbsp;&nbsp;&nbsp; 7052089 |
| **Tobacco — 0.4%** | **Tobacco — 0.4%** | **Tobacco — 0.4%** |
| Altria Group, Inc.  | 15909 | &nbsp;&nbsp;&nbsp; 1049835 |
| British American Tobacco PLC | 32333 | &nbsp;&nbsp;&nbsp; 1883420 |
| Imperial Brands PLC | 11181 | &nbsp;&nbsp;&nbsp; 455061 |
| Japan Tobacco, Inc.  | 17764 | &nbsp;&nbsp;&nbsp; 681613 |
| Philip Morris International, Inc.  | 14753 | &nbsp;&nbsp;&nbsp; 2439261 |
|  |  | &nbsp;&nbsp;&nbsp; 6509190 |
| **Trading Companies & Distributors — 0.5%** | **Trading Companies & Distributors — 0.5%** | **Trading Companies & Distributors — 0.5%** |
| AddTech AB - B Shares | 3858 | &nbsp;&nbsp;&nbsp; 131088 |
| AerCap Holdings NV | 2485 | &nbsp;&nbsp;&nbsp; 340892 |
| Beijer Ref AB - Class B | 6071 | &nbsp;&nbsp;&nbsp; 83434 |
| Brenntag SE | 1822 | &nbsp;&nbsp;&nbsp; 120210 |
| Bunzl PLC | 4812 | &nbsp;&nbsp;&nbsp; 144166 |
| Fastenal Co.  | 10881 | &nbsp;&nbsp;&nbsp; 504878 |
| ITOCHU Corp.  | 88220 | &nbsp;&nbsp;&nbsp; 1121313 |
| Marubeni Corp.  | 20943 | &nbsp;&nbsp;&nbsp; 770099 |

---

**BHFTI-17**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Trading Companies & Distributors—(Continued)** | **Trading Companies & Distributors—(Continued)** | **Trading Companies & Distributors—(Continued)** |
| Mitsubishi Corp.  | 47863 | &nbsp;&nbsp;&nbsp; $1643673 |
| Mitsui & Co. Ltd.  | 36678 | &nbsp;&nbsp;&nbsp; 1412113 |
| MonotaRO Co. Ltd.  | 3743 | &nbsp;&nbsp;&nbsp; 40238 |
| Rexel SA | 3296 | &nbsp;&nbsp;&nbsp; 128905 |
| SGH Ltd.  | 3021 | &nbsp;&nbsp;&nbsp; 85677 |
| Sumitomo Corp.  | 16197 | &nbsp;&nbsp;&nbsp; 602836 |
| Sunbelt Rentals Holdings, Inc.  | 6215 | &nbsp;&nbsp;&nbsp; 396880 |
| Toyota Tsusho Corp.  | 10209 | &nbsp;&nbsp;&nbsp; 399488 |
| United Rentals, Inc.  | 597 | &nbsp;&nbsp;&nbsp; 434950 |
| WW Grainger, Inc.  | 415 | &nbsp;&nbsp;&nbsp; 452686 |
|  |  | &nbsp;&nbsp;&nbsp; 8813526 |
| **Transportation Infrastructure — 0.1%** | **Transportation Infrastructure — 0.1%** | **Transportation Infrastructure — 0.1%** |
| Aena SME SA | 11129 | &nbsp;&nbsp;&nbsp; 331369 |
| Aeroports de Paris SA | 514 | &nbsp;&nbsp;&nbsp; 62542 |
| Auckland International Airport Ltd.  | 25162 | &nbsp;&nbsp;&nbsp; 115415 |
| Getlink SE | 4490 | &nbsp;&nbsp;&nbsp; 96757 |
| Transurban Group | 46225 | &nbsp;&nbsp;&nbsp; 449245 |
|  |  | &nbsp;&nbsp;&nbsp; 1055328 |
| **Water Utilities — 0.0%** | **Water Utilities — 0.0%** | **Water Utilities — 0.0%** |
| American Water Works Co., Inc.  | 1850 | &nbsp;&nbsp;&nbsp; 251767 |
| Severn Trent PLC | 4022 | &nbsp;&nbsp;&nbsp; 165148 |
| United Utilities Group PLC | 10121 | &nbsp;&nbsp;&nbsp; 176939 |
|  |  | &nbsp;&nbsp;&nbsp; 593854 |
| **Wireless Telecommunication Services — 0.3%** | **Wireless Telecommunication Services — 0.3%** | **Wireless Telecommunication Services — 0.3%** |
| Airtel Africa PLC | 13538 | &nbsp;&nbsp;&nbsp; 62454 |
| KDDI Corp.  | 43480 | &nbsp;&nbsp;&nbsp; 744591 |
| SoftBank Corp.  | 426715 | &nbsp;&nbsp;&nbsp; 569470 |
| SoftBank Group Corp.  | 55088 | &nbsp;&nbsp;&nbsp; 1323992 |
| Tele2 AB - B Shares | 8126 | &nbsp;&nbsp;&nbsp; 167040 |
| T-Mobile U.S., Inc.  | 4490 | &nbsp;&nbsp;&nbsp; 943035 |
| Vodafone Group PLC | 278298 | &nbsp;&nbsp;&nbsp; 421974 |
|  |  | &nbsp;&nbsp;&nbsp; 4232556 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $572,592,576) <br>|  | &nbsp;&nbsp;&nbsp; 910317731 |

---

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

---

| | | |
|:---|:---|:---|
| **U.S. Treasury & Government Agencies—32.1%** | **U.S. Treasury & Government Agencies—32.1%** | **U.S. Treasury & Government Agencies—32.1%** |
| **Federal Agencies — 2.0%** | **Federal Agencies — 2.0%** | **Federal Agencies — 2.0%** |
| Federal Home Loan Banks |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 01/15/27 | 1565000 | &nbsp;&nbsp;&nbsp; 1569463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 11/17/26 | 5685000 | &nbsp;&nbsp;&nbsp; 5715804 |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 07/15/32 (b) | 2554000 | &nbsp;&nbsp;&nbsp; 2850025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/15/31 (b) | 2509000 | &nbsp;&nbsp;&nbsp; 2818631 |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 11/15/30 (b) | 10946000 | &nbsp;&nbsp;&nbsp; 12166680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 05/15/30 | 7228000 | &nbsp;&nbsp;&nbsp; 8161493 |
|  |  | &nbsp;&nbsp;&nbsp; 33282096 |
| **U.S. Treasury — 30.1%** | **U.S. Treasury — 30.1%** | **U.S. Treasury — 30.1%** |
| U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 05/15/40 | 5291000 | &nbsp;&nbsp;&nbsp; 3332917 |

---

---

| | | |
|:---|:---|:---|
| **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; 1.250%, 05/15/50 | 1371200 | &nbsp;&nbsp;&nbsp; $650731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 08/15/46 | 12279700 | &nbsp;&nbsp;&nbsp; 8004350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 08/15/49 | 3018100 | &nbsp;&nbsp;&nbsp; 1877235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 02/15/52 | 10134700 | &nbsp;&nbsp;&nbsp; 6107740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 11/15/49 | 3241800 | &nbsp;&nbsp;&nbsp; 2065254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/15/45 | 3923400 | &nbsp;&nbsp;&nbsp; 2751437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 08/15/47 | 2487400 | &nbsp;&nbsp;&nbsp; 1760127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/43 | 3596200 | &nbsp;&nbsp;&nbsp; 2761910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 08/15/45 | 6735300 | &nbsp;&nbsp;&nbsp; 5000697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/49 | 2619500 | &nbsp;&nbsp;&nbsp; 1862301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/52 | 6427100 | &nbsp;&nbsp;&nbsp; 4457294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/15/45 | 1975000 | &nbsp;&nbsp;&nbsp; 1503006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/15/47 | 2293600 | &nbsp;&nbsp;&nbsp; 1708911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/15/47 | 2558200 | &nbsp;&nbsp;&nbsp; 1901262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/15/48 | 1892700 | &nbsp;&nbsp;&nbsp; 1395718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/15/48 | 6630600 | &nbsp;&nbsp;&nbsp; 4866239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/15/49 | 1948700 | &nbsp;&nbsp;&nbsp; 1423236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 02/15/43 | 5073900 | &nbsp;&nbsp;&nbsp; 4062489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 08/15/43 | 5467900 | &nbsp;&nbsp;&nbsp; 4669715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 02/15/53 | 1898200 | &nbsp;&nbsp;&nbsp; 1523454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 05/15/53 | 7244800 | &nbsp;&nbsp;&nbsp; 5809141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 08/15/41 | 2588700 | &nbsp;&nbsp;&nbsp; 2308595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/52 | 2014500 | &nbsp;&nbsp;&nbsp; 1730817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 08/15/54 | 3462400 | &nbsp;&nbsp;&nbsp; 3101012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 05/15/41 | 873000 | &nbsp;&nbsp;&nbsp; 840774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/15/36 (b) | 6219900 | &nbsp;&nbsp;&nbsp; 6343083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/15/39 | 3327600 | &nbsp;&nbsp;&nbsp; 3295884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/15/54 | 1031300 | &nbsp;&nbsp;&nbsp; 963460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 02/15/55 | 2319300 | &nbsp;&nbsp;&nbsp; 2212123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 11/15/55 (b) | 570000 | &nbsp;&nbsp;&nbsp; 544617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/15/37 | 2305700 | &nbsp;&nbsp;&nbsp; 2388021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 11/15/53 | 3149500 | &nbsp;&nbsp;&nbsp; 3062274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 05/15/55 | 6944000 | &nbsp;&nbsp;&nbsp; 6761449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 08/15/55 (b) | 3334000 | &nbsp;&nbsp;&nbsp; 3249087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/15/56 (b) | 1766000 | &nbsp;&nbsp;&nbsp; 1722402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 11/15/28 (f) | 12075700 | &nbsp;&nbsp;&nbsp; 12500708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 02/15/29 | 4385300 | &nbsp;&nbsp;&nbsp; 4562596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/15/28 | 4001800 | &nbsp;&nbsp;&nbsp; 4154525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 11/15/27 (f) | 13259200 | &nbsp;&nbsp;&nbsp; 13741400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 05/15/30 | 2878800 | &nbsp;&nbsp;&nbsp; 3133281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 08/15/27 (b) | 1831000 | &nbsp;&nbsp;&nbsp; 1893798 |
| U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.625%, 08/15/30 | 2950500 | &nbsp;&nbsp;&nbsp; 2562325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.750%, 01/31/28 | 7165900 | &nbsp;&nbsp;&nbsp; 6778214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, 06/30/28 | 13853000 | &nbsp;&nbsp;&nbsp; 13093249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 11/15/31 | 9646600 | &nbsp;&nbsp;&nbsp; 8365411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 02/15/30 | 4515500 | &nbsp;&nbsp;&nbsp; 4132035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 02/28/27 | 9607700 | &nbsp;&nbsp;&nbsp; 9446321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 02/15/32 (f) | 14127500 | &nbsp;&nbsp;&nbsp; 12527671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 02/15/27 (b) | 5490600 | &nbsp;&nbsp;&nbsp; 5419334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 08/15/27 (g) | 13011000 | &nbsp;&nbsp;&nbsp; 12736549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 11/15/27 (g) | 23594500 | &nbsp;&nbsp;&nbsp; 23007403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 05/15/29 | 13154000 | &nbsp;&nbsp;&nbsp; 12593927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 02/15/29 | 6069100 | &nbsp;&nbsp;&nbsp; 5871854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 08/15/32 | 7848700 | &nbsp;&nbsp;&nbsp; 7259128 |

---

**BHFTI-18**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

**Consolidated 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; 2.875%, 05/15/28 | 2762800 | &nbsp;&nbsp;&nbsp; $2710242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/32 (b) | 16169900 | &nbsp;&nbsp;&nbsp; 15122646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 11/15/28 (b) | 4377400 | &nbsp;&nbsp;&nbsp; 4301137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 09/15/28 (b) | 3882000 | &nbsp;&nbsp;&nbsp; 3841967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 05/15/33 (b) | 8062700 | &nbsp;&nbsp;&nbsp; 7680667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/30/28 | 2837900 | &nbsp;&nbsp;&nbsp; 2819941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/15/29 | 1601000 | &nbsp;&nbsp;&nbsp; 1587116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/15/29 | 7305000 | &nbsp;&nbsp;&nbsp; 7240511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/30/29 | 2654500 | &nbsp;&nbsp;&nbsp; 2622563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/15/33 | 6097900 | &nbsp;&nbsp;&nbsp; 5867323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 03/31/28 | 2769200 | &nbsp;&nbsp;&nbsp; 2759140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 05/31/28 | 1413400 | &nbsp;&nbsp;&nbsp; 1407824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 08/31/29 | 3972900 | &nbsp;&nbsp;&nbsp; 3942482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 12/31/28 | 5386100 | &nbsp;&nbsp;&nbsp; 5375370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 12/31/30 | 6400300 | &nbsp;&nbsp;&nbsp; 6345547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 12/31/27 | 5689200 | &nbsp;&nbsp;&nbsp; 5693200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 09/30/32 | 11397000 | &nbsp;&nbsp;&nbsp; 11248305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 08/15/33 | 6278300 | &nbsp;&nbsp;&nbsp; 6163280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 08/15/34 (b) | 7095700 | &nbsp;&nbsp;&nbsp; 6915259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/29/28 | 5184800 | &nbsp;&nbsp;&nbsp; 5201813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/30/28 | 5729100 | &nbsp;&nbsp;&nbsp; 5753046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/31/29 | 3185500 | &nbsp;&nbsp;&nbsp; 3199934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/31/32 | 6525500 | &nbsp;&nbsp;&nbsp; 6492618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/31/33 | 7169000 | &nbsp;&nbsp;&nbsp; 7114112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/15/34 | 8198600 | &nbsp;&nbsp;&nbsp; 8087150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 10/31/27 (b) | 4147900 | &nbsp;&nbsp;&nbsp; 4165075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 03/31/29 | 3453300 | &nbsp;&nbsp;&nbsp; 3482032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 10/31/31 | 1985600 | &nbsp;&nbsp;&nbsp; 1995993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 11/15/32 (b) | 6941500 | &nbsp;&nbsp;&nbsp; 6943940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 02/15/36 (b) | 646000 | &nbsp;&nbsp;&nbsp; 635906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/28/29 | 5982100 | &nbsp;&nbsp;&nbsp; 6050801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 06/30/29 | 7470400 | &nbsp;&nbsp;&nbsp; 7560862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/31/33 | 6115000 | &nbsp;&nbsp;&nbsp; 6157041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 11/15/34 | 1518800 | &nbsp;&nbsp;&nbsp; 1518385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 05/15/35 | 5767200 | &nbsp;&nbsp;&nbsp; 5751881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 08/31/28 | 9731800 | &nbsp;&nbsp;&nbsp; 9853447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 11/30/28 | 3178900 | &nbsp;&nbsp;&nbsp; 3222858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 05/15/34 | 3233200 | &nbsp;&nbsp;&nbsp; 3267300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/31/29 | 3715100 | &nbsp;&nbsp;&nbsp; 3787080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/15/33 | 6607100 | &nbsp;&nbsp;&nbsp; 6743888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 09/30/28 (b) | 3891900 | &nbsp;&nbsp;&nbsp; 3966393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 04/30/29 | 2504200 | &nbsp;&nbsp;&nbsp; 2560936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 02/15/35 | 3176500 | &nbsp;&nbsp;&nbsp; 3259139 |
|  |  | &nbsp;&nbsp;&nbsp; 492214641 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury & Government Agencies <br>(Cost $554,478,433) <br>|  | &nbsp;&nbsp;&nbsp; 525496737 |
| **Foreign Government—8.7%** | **Foreign Government—8.7%** | **Foreign Government—8.7%** |
| **Sovereign — 8.7%** | **Sovereign — 8.7%** | **Sovereign — 8.7%** |
| Australia Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/21/30 (AUD) | 1867000 | &nbsp;&nbsp;&nbsp; 1184043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 05/21/41 (AUD) | 224000 | &nbsp;&nbsp;&nbsp; 115565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/21/33 (AUD) | 884000 | &nbsp;&nbsp;&nbsp; 537799 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Sovereign—(Continued)** | **Sovereign—(Continued)** | **Sovereign—(Continued)** |
| Australia Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 04/21/37 (AUD) | 1257000 | &nbsp;&nbsp;&nbsp; $774071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 06/21/54 (AUD) | 151000 | &nbsp;&nbsp;&nbsp; 94869 |
| Bundesrepublik Deutschland Bundesanleihe |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 02/15/31 (EUR) | 1527148 | &nbsp;&nbsp;&nbsp; 1550490 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 08/15/50 (EUR) | 1204444 | &nbsp;&nbsp;&nbsp; 610823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, 08/15/48 (EUR) | 263072 | &nbsp;&nbsp;&nbsp; 200584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.200%, 02/15/34 (EUR) | 1573356 | &nbsp;&nbsp;&nbsp; 1728661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/15/54 (EUR) | 549451 | &nbsp;&nbsp;&nbsp; 526287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 07/04/42 (EUR) | 353597 | &nbsp;&nbsp;&nbsp; 403327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 07/04/39 (EUR) | 1677500 | &nbsp;&nbsp;&nbsp; 2152497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/04/31 (EUR) | 2536600 | &nbsp;&nbsp;&nbsp; 3292264 |
| Bundesschatzanweisungen |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.200%, 03/11/27 (EUR) | 6185000 | &nbsp;&nbsp;&nbsp; 7125464 |
| Canada Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, 03/01/27 (CAD) | 3601000 | &nbsp;&nbsp;&nbsp; 2557639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 06/01/33 (CAD) | 3135000 | &nbsp;&nbsp;&nbsp; 2177147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/45 (CAD) | 1363000 | &nbsp;&nbsp;&nbsp; 942176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 06/01/29 (CAD) | 1511000 | &nbsp;&nbsp;&nbsp; 1177670 |
| Denmark Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.500%, 11/15/29 (DKK) | 2246769 | &nbsp;&nbsp;&nbsp; 324324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/15/39 (DKK) | 2059107 | &nbsp;&nbsp;&nbsp; 369392 |
| Finland Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.125%, 09/15/31 (144A) (EUR) | 852000 | &nbsp;&nbsp;&nbsp; 843222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 04/15/27 (144A) (EUR) | 1294000 | &nbsp;&nbsp;&nbsp; 1476911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 04/15/47 (144A) (EUR) | 330000 | &nbsp;&nbsp;&nbsp; 247274 |
| French Republic Government Bonds OAT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 05/25/32 (144A) (EUR) | 309077 | &nbsp;&nbsp;&nbsp; 292455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.250%, 11/25/26 (144A) (EUR) | 7907000 | &nbsp;&nbsp;&nbsp; 9006870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, 05/25/36 (144A) (EUR) | 2455382 | &nbsp;&nbsp;&nbsp; 2238010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 05/25/50 (144A) (EUR) | 1714779 | &nbsp;&nbsp;&nbsp; 1147414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/25/30 (144A) (EUR) | 4343067 | &nbsp;&nbsp;&nbsp; 4914316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/25/33 (144A) (EUR) | 3353071 | &nbsp;&nbsp;&nbsp; 3769339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 05/25/45 (144A) (EUR) | 1666647 | &nbsp;&nbsp;&nbsp; 1678275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/25/60 (144A) (EUR) | 292000 | &nbsp;&nbsp;&nbsp; 309986 |
| Ireland Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.200%, 10/18/30 (EUR) | 539399 | &nbsp;&nbsp;&nbsp; 554931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.300%, 05/15/33 (EUR) | 355000 | &nbsp;&nbsp;&nbsp; 366299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/18/45 (EUR) | 193922 | &nbsp;&nbsp;&nbsp; 175830 |
| Italy Buoni Poliennali Del Tesoro |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.850%, 01/15/27 (EUR) | 4133000 | &nbsp;&nbsp;&nbsp; 4715189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.650%, 03/01/32 (144A) (EUR) | 9076000 | &nbsp;&nbsp;&nbsp; 9525350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.800%, 03/01/41 (144A) (EUR) | 529000 | &nbsp;&nbsp;&nbsp; 448220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 09/01/46 (144A) (EUR) | 196000 | &nbsp;&nbsp;&nbsp; 191865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 08/01/28 (EUR) | 773000 | &nbsp;&nbsp;&nbsp; 911342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 09/01/49 (144A) (EUR) | 1487000 | &nbsp;&nbsp;&nbsp; 1574185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/39 (144A) (EUR) | 482000 | &nbsp;&nbsp;&nbsp; 607918 |
| Japan Government Forty Year Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.700%, 03/20/54 (JPY) | 285200000 | &nbsp;&nbsp;&nbsp; 1185492 |
| Japan Government Ten Year Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.100%, 06/20/31 (JPY) | 610000000 | &nbsp;&nbsp;&nbsp; 3515942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.200%, 12/20/34 (JPY) | 222600000 | &nbsp;&nbsp;&nbsp; 1289258 |
| Japan Government Thirty Year Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.400%, 12/20/49 (JPY) | 513900000 | &nbsp;&nbsp;&nbsp; 1621017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.500%, 09/20/46 (JPY) | 196300000 | &nbsp;&nbsp;&nbsp; 721129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.700%, 06/20/51 (JPY) | 105450000 | &nbsp;&nbsp;&nbsp; 344957 |

---

**BHFTI-19**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

**Consolidated 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)** |
| Japan Government Thirty Year Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.700%, 12/20/51 (JPY) | 228000000 | &nbsp;&nbsp;&nbsp; $732680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.900%, 09/20/42 (JPY) | 354800000 | &nbsp;&nbsp;&nbsp; 1905710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.300%, 03/20/40 (JPY) | 34600000 | &nbsp;&nbsp;&nbsp; 204870 |
| Japan Government Twenty Year Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.500%, 09/20/36 (JPY) | 789050000 | &nbsp;&nbsp;&nbsp; 4091545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 03/20/33 (JPY) | 274550000 | &nbsp;&nbsp;&nbsp; 1673630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.700%, 09/20/32 (JPY) | 125600000 | &nbsp;&nbsp;&nbsp; 778870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.700%, 09/20/33 (JPY) | 119000000 | &nbsp;&nbsp;&nbsp; 730931 |
| Japan Government Two Year Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.600%, 12/01/26 (JPY) | 231400000 | &nbsp;&nbsp;&nbsp; 1454100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.600%, 01/01/27 (JPY) | 510100000 | &nbsp;&nbsp;&nbsp; 3203597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.700%, 02/01/27 (JPY) | 509600000 | &nbsp;&nbsp;&nbsp; 3201163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.800%, 03/01/27 (JPY) | 509000000 | &nbsp;&nbsp;&nbsp; 3199062 |
| Kingdom of Belgium Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.800%, 06/22/27 (144A) (EUR) | 569000 | &nbsp;&nbsp;&nbsp; 643246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.900%, 06/22/29 (144A) (EUR) | 663616 | &nbsp;&nbsp;&nbsp; 721717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, 04/22/33 (144A) (EUR) | 1077905 | &nbsp;&nbsp;&nbsp; 1093560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.600%, 06/22/47 (144A) (EUR) | 967081 | &nbsp;&nbsp;&nbsp; 713948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/28/41 (144A) (EUR) | 185177 | &nbsp;&nbsp;&nbsp; 221143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/28/35 (144A) (EUR) | 348222 | &nbsp;&nbsp;&nbsp; 449562 |
| Mexico Bonos |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 05/26/33 (MXN) | 20731700 | &nbsp;&nbsp;&nbsp; 1059453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 05/29/31 (MXN) | 19804200 | &nbsp;&nbsp;&nbsp; 1052916 |
| Netherlands Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/15/31 (144A) (EUR) | 1572533 | &nbsp;&nbsp;&nbsp; 1567440 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 01/15/52 (144A) (EUR) | 354051 | &nbsp;&nbsp;&nbsp; 170424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 01/15/47 (144A) (EUR) | 210328 | &nbsp;&nbsp;&nbsp; 217614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 01/15/42 (144A) (EUR) | 472291 | &nbsp;&nbsp;&nbsp; 568600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/15/28 (144A) (EUR) | 581117 | &nbsp;&nbsp;&nbsp; 704865 |
| New Zealand Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/15/32 (NZD) | 1354000 | &nbsp;&nbsp;&nbsp; 679190 |
| Norway Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, 09/17/31 (144A) (NOK) | 3871000 | &nbsp;&nbsp;&nbsp; 340282 |
| Portugal Obrigacoes do Tesouro OT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 10/20/34 (144A) (EUR) | 1056858 | &nbsp;&nbsp;&nbsp; 1184544 |
| Republic of Austria Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 02/20/31 (144A) (EUR) | 786000 | &nbsp;&nbsp;&nbsp; 789045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.500%, 04/20/27 (144A) (EUR) | 1545000 | &nbsp;&nbsp;&nbsp; 1747271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.150%, 06/20/44 (144A) (EUR) | 801000 | &nbsp;&nbsp;&nbsp; 861277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 03/15/37 (144A) (EUR) | 329000 | &nbsp;&nbsp;&nbsp; 406610 |
| Republic of Poland Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 04/25/29 (PLN) | 8292000 | &nbsp;&nbsp;&nbsp; 2286669 |
| Singapore Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 03/01/46 (SGD) | 252000 | &nbsp;&nbsp;&nbsp; 207290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 08/01/28 (SGD) | 560000 | &nbsp;&nbsp;&nbsp; 447538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 09/01/33 (SGD) | 497000 | &nbsp;&nbsp;&nbsp; 417678 |
| Spain Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.000%, 10/31/50 (144A) (EUR) | 1001000 | &nbsp;&nbsp;&nbsp; 611339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.450%, 10/31/27 (144A) (EUR) | 658000 | &nbsp;&nbsp;&nbsp; 746317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.950%, 07/30/30 (144A) (EUR) | 3180000 | &nbsp;&nbsp;&nbsp; 3536960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 10/31/46 (144A) (EUR) | 778000 | &nbsp;&nbsp;&nbsp; 762116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.550%, 10/31/33 (144A) (EUR) | 1105000 | &nbsp;&nbsp;&nbsp; 1300588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 01/31/37 (144A) (EUR) | 1781000 | &nbsp;&nbsp;&nbsp; 2173077 |
| Sweden Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 11/11/33 (SEK) | 2965000 | &nbsp;&nbsp;&nbsp; 292439 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***/<br> **Shares**<br>| <br>**Value**<br>|
| **Sovereign—(Continued)** | **Sovereign—(Continued)** | **Sovereign—(Continued)** |
| U.K. Gilts |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.000%, 01/31/32 (GBP) | 5456787 | &nbsp;&nbsp;&nbsp; $5920294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 01/22/49 (GBP) | 295490 | &nbsp;&nbsp;&nbsp; 201365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 12/07/46 (GBP) | 3627007 | &nbsp;&nbsp;&nbsp; 4071368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/07/35 (GBP) | 1815199 | &nbsp;&nbsp;&nbsp; 2340040 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Foreign Government <br>(Cost $162,539,792) <br>|  | &nbsp;&nbsp;&nbsp; 143202031 |

---

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

---

| | | |
|:---|:---|:---|
| **Preferred Stocks—0.1%** | **Preferred Stocks—0.1%** | **Preferred Stocks—0.1%** |
| **Automobiles — 0.1%** | **Automobiles — 0.1%** | **Automobiles — 0.1%** |
| Bayerische Motoren Werke AG | 812 | &nbsp;&nbsp;&nbsp; 72954 |
| Dr. Ing hc F Porsche AG | 1690 | &nbsp;&nbsp;&nbsp; 75737 |
| Porsche Automobil Holding SE | 2273 | &nbsp;&nbsp;&nbsp; 81761 |
| Volkswagen AG | 3060 | &nbsp;&nbsp;&nbsp; 306434 |
|  |  | &nbsp;&nbsp;&nbsp; 536886 |
| **Diversified Telecommunication Services — 0.0%** | **Diversified Telecommunication Services — 0.0%** | **Diversified Telecommunication Services — 0.0%** |
| Telecom Italia SpA (Savings Shares) (a) | 89477 | &nbsp;&nbsp;&nbsp; 73905 |
| **Household Products — 0.0%** | **Household Products — 0.0%** | **Household Products — 0.0%** |
| Henkel AG & Co. KGaA | 2380 | &nbsp;&nbsp;&nbsp; 182862 |
| **Life Sciences Tools & Services — 0.0%** | **Life Sciences Tools & Services — 0.0%** | **Life Sciences Tools & Services — 0.0%** |
| Sartorius AG | 389 | &nbsp;&nbsp;&nbsp; 94927 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Preferred Stocks <br>(Cost $1,248,773) <br>|  | &nbsp;&nbsp;&nbsp; 888580 |
| **Investment Companies—0.0%** | **Investment Companies—0.0%** | **Investment Companies—0.0%** |
| **Exchange-Traded Funds — 0.0%** | **Exchange-Traded Funds — 0.0%** | **Exchange-Traded Funds — 0.0%** |
| iShares U.S. Real Estate ETF | 1091 | &nbsp;&nbsp;&nbsp; 103165 |
| Vanguard Global ex-U.S. Real Estate ETF | 1442 | &nbsp;&nbsp;&nbsp; 64097 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $166,629) <br>|  | &nbsp;&nbsp;&nbsp; 167262 |
| **Rights—0.0%** | **Rights—0.0%** | **Rights—0.0%** |
| **Construction & Engineering — 0.0%** | **Construction & Engineering — 0.0%** | **Construction & Engineering — 0.0%** |
| ACS Actividades de Construccion y Servicios SA (a) | 168 | &nbsp;&nbsp;&nbsp; 100 |
| **Diversified Telecommunication Services — 0.0%** | **Diversified Telecommunication Services — 0.0%** | **Diversified Telecommunication Services — 0.0%** |
| Telecom Italia SpA, Expires 04/30/26 (a) | 260135 | &nbsp;&nbsp;&nbsp; 3 |
| **Industrial REITs — 0.0%** | **Industrial REITs — 0.0%** | **Industrial REITs — 0.0%** |
| CapitaLand Ascendas REIT, Expires 04/15/26 (a) | 6014 | &nbsp;&nbsp;&nbsp; 561 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Rights <br>(Cost $0) <br>|  | &nbsp;&nbsp;&nbsp; 664 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (h)—1.0%** | **Securities Lending Reinvestments (h)—1.0%** | **Securities Lending Reinvestments (h)—1.0%** |
| **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% (i)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |

---

**BHFTI-20**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

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

**Securities Lending Reinvestments (h)—(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; Fidelity Investments Money Market Government Portfolio, <br>Class I 3.530% (i)<br>| 2000000 | &nbsp;&nbsp;&nbsp; $2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br>Institutional Shares 3.530% (i)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares 3.580% (i)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, <br>Premier Class 3.600% (i)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
|  |  | &nbsp;&nbsp;&nbsp; 8000000 |

---

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

---

| | | |
|:---|:---|:---|
| **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 $2,000,203; <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> $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 $500,052; collateralized <br> by various Common Stock with an aggregate market value of <br> $556,141<br>| 500000 | &nbsp;&nbsp;&nbsp; 500000 |
| Barclays Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.660%, 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 4.000% - 4.500%, maturity dates ranging from <br> 05/31/29 - 07/31/29, and an aggregate market value of <br> $1,020,001<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| 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; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 0.000% - 4.875%, maturity dates ranging from <br> 04/09/26 - 02/15/56, and an aggregate market value of <br> $2,040,000<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| 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 $1,740,618; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 0.000% - 4.375%, maturity dates ranging from <br> 05/15/30 - 11/15/48, and an aggregate market value of <br> $1,775,251<br>| 1740441 | &nbsp;&nbsp;&nbsp; 1740441 |
| 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 $200,021; 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> $222,196<br>| 200000 | &nbsp;&nbsp;&nbsp; 200000 |

---

---

| | | |
|:---|:---|:---|
| **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 $1,000,105; <br> collateralized by various Common Stock with an aggregate <br> market value of $1,114,629<br>| 1000000 | &nbsp;&nbsp;&nbsp; $1000000 |
| TD Securities (USA) LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.740%, due on <br> 04/01/26 with a maturity value of $1,000,104; <br> collateralized by various Common Stock with an aggregate <br> market value of $1,100,114<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
|  |  | &nbsp;&nbsp;&nbsp; 9440441 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $17,440,441) <br>|  | &nbsp;&nbsp;&nbsp; 17440441 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—97.5% <br>(Cost $1,308,466,644) <br>|  | &nbsp;&nbsp;&nbsp; 1597513446 |
| Other assets and liabilities (net)—2.5%  |  | &nbsp;&nbsp;&nbsp; 40127823 |
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1637641269 |

---

&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 $89,856,872 and the collateral received consisted of cash in the amount of $17,440,441 and non-cash collateral with a value of $80,770,487. The cash collateral investments are disclosed in the Consolidated Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third- party custodian, and cannot be sold or repledged by the Portfolio. 

(c) Security was valued in good faith under procedures 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) Affiliated Issuer. (See the table that follows for a summary of transactions in affiliated issuers.) 

(f) All or a portion of the security was pledged as collateral against open futures contracts. As of March 31, 2026, the market value of securities pledged was $23,893,496. 

(g) All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of March 31, 2026, the market value of securities pledged was $22,973,984. 

(h) Represents investment of cash collateral received from securities on loan as of March 31, 2026. 

(i) 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 securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of March 31, 2026, the market value of 144A securities was $59,803,155, which is 3.7% of net assets. 

**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; $459431 | &nbsp;&nbsp; $(43158)<br>| &nbsp;&nbsp; $19005 | &nbsp;&nbsp; $(66332)<br>| &nbsp;&nbsp; $368946 |

---

**BHFTI-21**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

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

&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; $3303 | &nbsp;&nbsp; 5217 |

---

**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; 27001544 | BOA | 04/22/26 | USD | 19068490 | &nbsp;&nbsp; $(443249)<br>|
| AUD | &nbsp;&nbsp; 497508 | SSBT | 04/22/26 | USD | 350554 | &nbsp;&nbsp; (7381)<br>|
| CAD | &nbsp;&nbsp; 31083560 | CBNA | 04/17/26 | USD | 22832372 | &nbsp;&nbsp; (471970)<br>|
| CHF | &nbsp;&nbsp; 6744477 | BOA | 04/16/26 | USD | 8664494 | &nbsp;&nbsp; (216657)<br>|
| EUR | &nbsp;&nbsp; 550727 | CBNA | 04/16/26 | USD | 640541 | &nbsp;&nbsp; (3562)<br>|
| EUR | &nbsp;&nbsp; 8666113 | GSBU | 04/16/26 | USD | 10076194 | &nbsp;&nbsp; (52842)<br>|
| EUR | &nbsp;&nbsp; 440129 | MSIP | 04/16/26 | USD | 513129 | &nbsp;&nbsp; (4070)<br>|
| EUR | &nbsp;&nbsp; 372637 | SSBT | 04/16/26 | USD | 432135 | &nbsp;&nbsp; (1138)<br>|
| EUR | &nbsp;&nbsp; 104985 | SSBT | 04/16/26 | USD | 121775 | &nbsp;&nbsp; (347)<br>|
| EUR | &nbsp;&nbsp; 142730 | SSBT | 04/16/26 | USD | 164938 | &nbsp;&nbsp; 146 |
| EUR | &nbsp;&nbsp; 150965 | SSBT | 04/16/26 | USD | 173472 | &nbsp;&nbsp; 1137 |
| EUR | &nbsp;&nbsp; 411337 | SSBT | 04/16/26 | USD | 473933 | &nbsp;&nbsp; 1826 |
| EUR | &nbsp;&nbsp; 206050 | SSBT | 04/16/26 | USD | 236119 | &nbsp;&nbsp; 2201 |
| GBP | &nbsp;&nbsp; 308394 | SSBT | 04/24/26 | USD | 408468 | &nbsp;&nbsp; (290)<br>|
| JPY | &nbsp;&nbsp; 374130953 | BOA | 04/10/26 | USD | 2364927 | &nbsp;&nbsp; (5930)<br>|
| JPY | &nbsp;&nbsp; 1426319048 | CBNA | 04/10/26 | USD | 9238955 | &nbsp;&nbsp; (245625)<br>|
| JPY | &nbsp;&nbsp; 88571984 | GSBU | 04/10/26 | USD | 563684 | &nbsp;&nbsp; (5214)<br>|
| JPY | &nbsp;&nbsp; 3971142990 | HSBCU | 04/10/26 | USD | 25660838 | &nbsp;&nbsp; (621700)<br>|
| JPY | &nbsp;&nbsp; 1392648502 | JPMC | 04/10/26 | USD | 8975462 | &nbsp;&nbsp; (194433)<br>|
| JPY | &nbsp;&nbsp; 163759563 | MSIP | 04/10/26 | USD | 1042105 | &nbsp;&nbsp; (9557)<br>|
| JPY | &nbsp;&nbsp; 31509728 | SSBT | 04/10/26 | USD | 207340 | &nbsp;&nbsp; (8662)<br>|
| JPY | &nbsp;&nbsp; 66186170 | SSBT | 04/10/26 | USD | 417337 | &nbsp;&nbsp; (15)<br>|
| JPY | &nbsp;&nbsp; 2696702589 | UBSA | 04/10/26 | USD | 17715734 | &nbsp;&nbsp; (712290)<br>|
| NZD | &nbsp;&nbsp; 12885166 | CBNA | 04/22/26 | USD | 7545238 | &nbsp;&nbsp; (135929)<br>|
| NZD | &nbsp;&nbsp; 1059282 | CBNA | 04/22/26 | USD | 620290 | &nbsp;&nbsp; (11175)<br>|
| NZD | &nbsp;&nbsp; 14070372 | GSBU | 04/22/26 | USD | 8459248 | &nbsp;&nbsp; (368415)<br>|
| SEK | &nbsp;&nbsp; 50543774 | MSIP | 04/23/26 | USD | 5414497 | &nbsp;&nbsp; (69513)<br>|
| SEK | &nbsp;&nbsp; 27561753 | MSIP | 04/23/26 | USD | 2952550 | &nbsp;&nbsp; (37906)<br>|

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contracts to Deliver** | **Contracts to Deliver** |  |  |  |  |  |
| AUD | &nbsp;&nbsp; 4151498 | MSIP | 04/22/26 | USD | 2879575 | &nbsp;&nbsp; 15936 |
| AUD | &nbsp;&nbsp; 27001544 | MSIP | 04/22/26 | USD | 18728892 | &nbsp;&nbsp; 103651 |
| AUD | &nbsp;&nbsp; 13066275 | MSIP | 04/22/26 | USD | 9224035 | &nbsp;&nbsp; 211124 |
| AUD | &nbsp;&nbsp; 497508 | SSBT | 04/22/26 | USD | 350095 | &nbsp;&nbsp; 6922 |
| CAD | &nbsp;&nbsp; 9063195 | CBNA | 04/17/26 | USD | 6657354 | &nbsp;&nbsp; 137615 |
| CAD | &nbsp;&nbsp; 104116 | SSBT | 04/17/26 | USD | 76256 | &nbsp;&nbsp; 1359 |
| CAD | &nbsp;&nbsp; 321466 | SSBT | 04/17/26 | USD | 235394 | &nbsp;&nbsp; 4143 |
| CHF | &nbsp;&nbsp; 14506180 | MSIP | 04/16/26 | USD | 19092279 | &nbsp;&nbsp; 922472 |
| DKK | &nbsp;&nbsp; 4633522 | SSBT | 04/23/26 | USD | 738240 | &nbsp;&nbsp; 20895 |
| EUR | &nbsp;&nbsp; 1146629 | BNP | 04/16/26 | USD | 1358133 | &nbsp;&nbsp; 31926 |
| EUR | &nbsp;&nbsp; 20725934 | CBNA | 04/16/26 | USD | 24872157 | &nbsp;&nbsp; 900243 |
| EUR | &nbsp;&nbsp; 7567620 | DBAG | 04/16/26 | USD | 9085556 | &nbsp;&nbsp; 332738 |
| EUR | &nbsp;&nbsp; 13838895 | GSBU | 04/16/26 | USD | 16357062 | &nbsp;&nbsp; 350797 |
| EUR | &nbsp;&nbsp; 22789523 | HSBCU | 04/16/26 | USD | 26702666 | &nbsp;&nbsp; 343976 |
| EUR | &nbsp;&nbsp; 17403605 | HSBCU | 05/27/26 | USD | 20801490 | &nbsp;&nbsp; 633990 |
| EUR | &nbsp;&nbsp; 11877420 | MSIP | 04/08/26 | USD | 14067763 | &nbsp;&nbsp; 335407 |
| EUR | &nbsp;&nbsp; 6121954 | MSIP | 04/16/26 | USD | 7032011 | &nbsp;&nbsp; (48730)<br>|
| EUR | &nbsp;&nbsp; 36891847 | MSIP | 04/16/26 | USD | 44264793 | &nbsp;&nbsp; 1595152 |
| EUR | &nbsp;&nbsp; 12047204 | SCB | 05/14/26 | USD | 14232884 | &nbsp;&nbsp; 280622 |

---

**BHFTI-22**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

**Consolidated 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>|
| EUR | &nbsp;&nbsp; 1037243 | SSBT | 04/16/26 | USD | 1199022 | &nbsp;&nbsp; $(668)<br>|
| EUR | &nbsp;&nbsp; 339535 | SSBT | 04/16/26 | USD | 392110 | &nbsp;&nbsp; (600)<br>|
| EUR | &nbsp;&nbsp; 51256 | SSBT | 04/16/26 | USD | 60834 | &nbsp;&nbsp; 1550 |
| EUR | &nbsp;&nbsp; 154754 | SSBT | 04/16/26 | USD | 182886 | &nbsp;&nbsp; 3895 |
| EUR | &nbsp;&nbsp; 251028 | SSBT | 04/16/26 | USD | 301346 | &nbsp;&nbsp; 11003 |
| EUR | &nbsp;&nbsp; 9572227 | SSBT | 04/16/26 | USD | 11082754 | &nbsp;&nbsp; 11378 |
| EUR | &nbsp;&nbsp; 362515 | SSBT | 04/16/26 | USD | 430872 | &nbsp;&nbsp; 11582 |
| GBP | &nbsp;&nbsp; 6269275 | BBP | 04/24/26 | USD | 8317917 | &nbsp;&nbsp; 20152 |
| GBP | &nbsp;&nbsp; 6195969 | CBNA | 04/24/26 | USD | 8303287 | &nbsp;&nbsp; 102547 |
| GBP | &nbsp;&nbsp; 9602685 | GSBU | 04/24/26 | USD | 12983541 | &nbsp;&nbsp; 273805 |
| GBP | &nbsp;&nbsp; 21254704 | GSBU | 04/24/26 | USD | 28737933 | &nbsp;&nbsp; 606044 |
| GBP | &nbsp;&nbsp; 78638 | SSBT | 04/24/26 | USD | 106400 | &nbsp;&nbsp; 2318 |
| GBP | &nbsp;&nbsp; 301437 | SSBT | 04/24/26 | USD | 406129 | &nbsp;&nbsp; 7159 |
| JPY | &nbsp;&nbsp; 1445974771 | BOA | 04/10/26 | USD | 9217604 | &nbsp;&nbsp; 100339 |
| JPY | &nbsp;&nbsp; 2526856626 | BOA | 04/10/26 | USD | 16094341 | &nbsp;&nbsp; 161822 |
| JPY | &nbsp;&nbsp; 11600143412 | BOA | 04/10/26 | USD | 73884946 | &nbsp;&nbsp; 742882 |
| JPY | &nbsp;&nbsp; 2584319442 | DBAG | 06/03/26 | USD | 16482650 | &nbsp;&nbsp; 113954 |
| JPY | &nbsp;&nbsp; 124997730 | SSBT | 04/10/26 | USD | 787277 | &nbsp;&nbsp; (868)<br>|
| JPY | &nbsp;&nbsp; 23676143 | SSBT | 04/10/26 | USD | 151834 | &nbsp;&nbsp; 2549 |
| JPY | &nbsp;&nbsp; 23278959 | SSBT | 04/10/26 | USD | 152025 | &nbsp;&nbsp; 5245 |
| JPY | &nbsp;&nbsp; 25311308 | SSBT | 04/10/26 | USD | 166107 | &nbsp;&nbsp; 6512 |
| JPY | &nbsp;&nbsp; 39316292 | SSBT | 04/10/26 | USD | 257552 | &nbsp;&nbsp; 9652 |
| MXN | &nbsp;&nbsp; 36537825 | BOA | 05/21/26 | USD | 2070259 | &nbsp;&nbsp; 39422 |
| NOK | &nbsp;&nbsp; 3337805 | SSBT | 04/23/26 | USD | 351176 | &nbsp;&nbsp; 6483 |
| NOK | &nbsp;&nbsp; 6457198 | SSBT | 04/23/26 | USD | 679218 | &nbsp;&nbsp; 12387 |
| NZD | &nbsp;&nbsp; 1059282 | CBNA | 04/22/26 | USD | 630362 | &nbsp;&nbsp; 21247 |
| NZD | &nbsp;&nbsp; 14070372 | CBNA | 04/22/26 | USD | 8373053 | &nbsp;&nbsp; 282220 |
| NZD | &nbsp;&nbsp; 1146581 | SSBT | 04/22/26 | USD | 688191 | &nbsp;&nbsp; 28876 |
| PLN | &nbsp;&nbsp; 6179293 | HSBCU | 05/20/26 | USD | 1672919 | &nbsp;&nbsp; 8541 |
| PLN | &nbsp;&nbsp; 2473230 | SSBT | 05/20/26 | USD | 665144 | &nbsp;&nbsp; (1014)<br>|
| SEK | &nbsp;&nbsp; 27561753 | CBNA | 04/23/26 | USD | 3098573 | &nbsp;&nbsp; 183929 |
| SEK | &nbsp;&nbsp; 2807637 | SSBT | 04/23/26 | USD | 316159 | &nbsp;&nbsp; 19253 |
| SGD | &nbsp;&nbsp; 1355820 | HSBCU | 04/24/26 | USD | 1074109 | &nbsp;&nbsp; 17908 |
| Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | &nbsp;&nbsp; $5369182 |

---

**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>|
| Canada Government Bond 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; 63 | CAD | 7560630 | &nbsp;&nbsp;&nbsp; $(3339)<br>|
| MSCI EAFE Index Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; 10 | USD | 1450550 | &nbsp;&nbsp;&nbsp; 14957 |
| Russell 2000 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 423 | USD | 53133030 | &nbsp;&nbsp;&nbsp; 104169 |
| S&P 500 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 157 | USD | 51580388 | &nbsp;&nbsp;&nbsp; (153553)<br>|
| S&P Midcap 400 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 162 | USD | 55023300 | &nbsp;&nbsp;&nbsp; 397888 |
| S&P TSX 60 Index Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 103 | CAD | 39300680 | &nbsp;&nbsp;&nbsp; 162800 |
| U.K. Long Gilt Bond Futures | &nbsp;&nbsp;&nbsp; 06/26/26 | &nbsp;&nbsp;&nbsp; 233 | GBP | 20455070 | &nbsp;&nbsp;&nbsp; (877182)<br>|

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Short** |  |  |  |  |  |
| Australian 10 Year Treasury Bond Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; (65)<br>| AUD | (7003996)<br>| &nbsp;&nbsp;&nbsp; 38308 |
| Euro STOXX 50 Index Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; (738)<br>| EUR | (40553100)<br>| &nbsp;&nbsp;&nbsp; 1042265 |
| Euro-Bund Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; (95)<br>| EUR | (11912050)<br>| &nbsp;&nbsp;&nbsp; 142438 |
| FTSE 100 Index Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; (168)<br>| GBP | (17134320)<br>| &nbsp;&nbsp;&nbsp; 64751 |
| Hang Seng Index Futures | &nbsp;&nbsp;&nbsp; 04/29/26 | &nbsp;&nbsp;&nbsp; (6)<br>| HKD | (7426500)<br>| &nbsp;&nbsp;&nbsp; 12656 |

---

**BHFTI-23**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

**Consolidated 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>|
| Japanese Government 10 Year Bond Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; (65)<br>| JPY | (8470150000)<br>| &nbsp;&nbsp;&nbsp; $634700 |
| MSCI Singapore Index Futures. | &nbsp;&nbsp;&nbsp; 04/29/26 | &nbsp;&nbsp;&nbsp; (32)<br>| SGD | (1397120)<br>| &nbsp;&nbsp;&nbsp; (2978)<br>|
| OMX Stockholm 30 Index Futures | &nbsp;&nbsp;&nbsp; 04/17/26 | &nbsp;&nbsp;&nbsp; (79)<br>| SEK | (23068000)<br>| &nbsp;&nbsp;&nbsp; 66800 |
| SPI 200 Index Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (113)<br>| AUD | (24049225)<br>| &nbsp;&nbsp;&nbsp; 103814 |
| TOPIX Index Futures | &nbsp;&nbsp;&nbsp; 06/11/26 | &nbsp;&nbsp;&nbsp; (112)<br>| JPY | (3924480000)<br>| &nbsp;&nbsp;&nbsp; 316326 |
| U.S. Treasury Note 2 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; (6)<br>| USD | (1244672)<br>| &nbsp;&nbsp;&nbsp; (926)<br>|
| U.S. Treasury Note 5 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; (12)<br>| USD | (1298156)<br>| &nbsp;&nbsp;&nbsp; 19858 |
| U.S. Treasury Note 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (16)<br>| USD | (1776750)<br>| &nbsp;&nbsp;&nbsp; (3790)<br>|
| U.S. Treasury Ultra Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (4)<br>| USD | (466250)<br>| &nbsp;&nbsp;&nbsp; (2257)<br>|
| Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | &nbsp;&nbsp;&nbsp; $2077705 |

---

**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 | Annually | 3.785<br> %<br>| Annually | 03/16/36 | USD | 420040000 | &nbsp;&nbsp; $(3110186)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(3110186)<br>|

---

**OTC Total Return Swap Contracts** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive** <br>**Fixed Rate** <br>| **Fixed** <br>**Rate** <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>**Premium** <br>**Paid/(Received)** <br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>|
| Pay | 0.000% | Maturity | 06/15/26 | CBNA | Bloomberg Commodity Index 3 Month Forward | USD | 17115363 | $10653 | $— | $10653 |
| Receive | 0.000% | Maturity | 06/19/26 | MSCS | Swiss Market Index Futures | CHF | 7287210 | 80252 |  | 80252 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | $90905 | $— | $90905 |

---

**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; $12313815 | &nbsp;&nbsp;&nbsp; $10346392 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $22660207 |
| &nbsp;&nbsp;&nbsp;&nbsp; Air Freight & Logistics | &nbsp;&nbsp;&nbsp; 1787787 | &nbsp;&nbsp;&nbsp; 1493794 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3281581 |
| &nbsp;&nbsp;&nbsp;&nbsp; Automobile Components | &nbsp;&nbsp;&nbsp; 148116 | &nbsp;&nbsp;&nbsp; 1810601 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1958717 |
| &nbsp;&nbsp;&nbsp;&nbsp; Automobiles | &nbsp;&nbsp;&nbsp; 10975426 | &nbsp;&nbsp;&nbsp; 6025993 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 17001419 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banks | &nbsp;&nbsp;&nbsp; 18547133 | &nbsp;&nbsp;&nbsp; 44520614 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 63067747 |
| &nbsp;&nbsp;&nbsp;&nbsp; Beverages | &nbsp;&nbsp;&nbsp; 6221616 | &nbsp;&nbsp;&nbsp; 3211574 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9433190 |
| &nbsp;&nbsp;&nbsp;&nbsp; Biotechnology | &nbsp;&nbsp;&nbsp; 9474304 | &nbsp;&nbsp;&nbsp; 1773883 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11248187 |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadline Retail | &nbsp;&nbsp;&nbsp; 20158284 | &nbsp;&nbsp;&nbsp; 2471159 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22629443 |
| &nbsp;&nbsp;&nbsp;&nbsp; Building Products | &nbsp;&nbsp;&nbsp; 2585311 | &nbsp;&nbsp;&nbsp; 2439077 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5024388 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp;&nbsp; 17160884 | &nbsp;&nbsp;&nbsp; 8749773 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25910657 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp;&nbsp; 6213300 | &nbsp;&nbsp;&nbsp; 6473818 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12687118 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Services & Supplies | &nbsp;&nbsp;&nbsp; 2407789 | &nbsp;&nbsp;&nbsp; 1137472 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3545261 |
| &nbsp;&nbsp;&nbsp;&nbsp; Communications Equipment | &nbsp;&nbsp;&nbsp; 5937352 | &nbsp;&nbsp;&nbsp; 1096967 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7034319 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction & Engineering | &nbsp;&nbsp;&nbsp; 1549391 | &nbsp;&nbsp;&nbsp; 3303568 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4852959 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction Materials | &nbsp;&nbsp;&nbsp; 1345367 | &nbsp;&nbsp;&nbsp; 1095004 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2440371 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Finance | &nbsp;&nbsp;&nbsp; 2840162 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2840162 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples Distribution & Retail | &nbsp;&nbsp;&nbsp; 11037829 | &nbsp;&nbsp;&nbsp; 3525017 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14562846 |
| &nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | &nbsp;&nbsp;&nbsp; 1006470 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1006470 |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributors | &nbsp;&nbsp;&nbsp; 202303 | &nbsp;&nbsp;&nbsp; 58976 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 261279 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Consumer Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 111459 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 111459 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified REITs | &nbsp;&nbsp;&nbsp; 1207178 | &nbsp;&nbsp;&nbsp; 4415409 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5622587 |

---

**BHFTI-24**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

**Consolidated 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; Diversified Telecommunication Services | &nbsp;&nbsp;&nbsp; $4906013 | &nbsp;&nbsp;&nbsp; $5668272 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $10574285 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | &nbsp;&nbsp;&nbsp; 8863849 | &nbsp;&nbsp;&nbsp; 6560721 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15424570 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | &nbsp;&nbsp;&nbsp; 6358263 | &nbsp;&nbsp;&nbsp; 9374275 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15732538 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronic Equipment, Instruments & Components | &nbsp;&nbsp;&nbsp; 4723633 | &nbsp;&nbsp;&nbsp; 3185355 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7908988 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy Equipment & Services | &nbsp;&nbsp;&nbsp; 1609544 | &nbsp;&nbsp;&nbsp; 162668 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1772212 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp;&nbsp; 8353310 | &nbsp;&nbsp;&nbsp; 1790110 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10143420 |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial Services | &nbsp;&nbsp;&nbsp; 19164439 | &nbsp;&nbsp;&nbsp; 3351470 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22515909 |
| &nbsp;&nbsp;&nbsp;&nbsp; Food Products | &nbsp;&nbsp;&nbsp; 2427600 | &nbsp;&nbsp;&nbsp; 6783989 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9211589 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gas Utilities | &nbsp;&nbsp;&nbsp; 289641 | &nbsp;&nbsp;&nbsp; 1164906 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1454547 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ground Transportation | &nbsp;&nbsp;&nbsp; 4721698 | &nbsp;&nbsp;&nbsp; 1177103 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5898801 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Equipment & Supplies | &nbsp;&nbsp;&nbsp; 9479870 | &nbsp;&nbsp;&nbsp; 4553212 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14033082 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Providers & Services | &nbsp;&nbsp;&nbsp; 8385714 | &nbsp;&nbsp;&nbsp; 706816 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 9092530 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care REITs | &nbsp;&nbsp;&nbsp; 12136422 | &nbsp;&nbsp;&nbsp; 598689 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12735111 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Technology | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 137403 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 137403 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hotel & Resort REITs | &nbsp;&nbsp;&nbsp; 1398906 | &nbsp;&nbsp;&nbsp; 376310 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1775216 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure | &nbsp;&nbsp;&nbsp; 9431870 | &nbsp;&nbsp;&nbsp; 2848154 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12280024 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Durables | &nbsp;&nbsp;&nbsp; 1272798 | &nbsp;&nbsp;&nbsp; 2723778 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3996576 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Products | &nbsp;&nbsp;&nbsp; 4463935 | &nbsp;&nbsp;&nbsp; 1087584 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5551519 |
| &nbsp;&nbsp;&nbsp;&nbsp; Independent Power and Renewable Electricity Producers | &nbsp;&nbsp;&nbsp; 548789 | &nbsp;&nbsp;&nbsp; 954492 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1503281 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial Conglomerates | &nbsp;&nbsp;&nbsp; 2085011 | &nbsp;&nbsp;&nbsp; 5855979 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7940990 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial REITs | &nbsp;&nbsp;&nbsp; 8562452 | &nbsp;&nbsp;&nbsp; 5048034 | &nbsp;&nbsp;&nbsp; 44336 | &nbsp;&nbsp;&nbsp; 13654822 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp;&nbsp; 9152991 | &nbsp;&nbsp;&nbsp; 17669031 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26822022 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interactive Media & Services | &nbsp;&nbsp;&nbsp; 40440018 | &nbsp;&nbsp;&nbsp; 440245 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 40880263 |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp;&nbsp; 4214980 | &nbsp;&nbsp;&nbsp; 1981091 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6196071 |
| &nbsp;&nbsp;&nbsp;&nbsp; Leisure Products | &nbsp;&nbsp;&nbsp; 118217 | &nbsp;&nbsp;&nbsp; 327890 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 446107 |
| &nbsp;&nbsp;&nbsp;&nbsp; Life Sciences Tools & Services | &nbsp;&nbsp;&nbsp; 4404040 | &nbsp;&nbsp;&nbsp; 1002978 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5407018 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | &nbsp;&nbsp;&nbsp; 9825660 | &nbsp;&nbsp;&nbsp; 10010060 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19835720 |
| &nbsp;&nbsp;&nbsp;&nbsp; Marine Transportation | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1029478 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1029478 |
| &nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp;&nbsp; 974193 | &nbsp;&nbsp;&nbsp; 471363 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1445556 |
| &nbsp;&nbsp;&nbsp;&nbsp; Metals & Mining | &nbsp;&nbsp;&nbsp; 2523026 | &nbsp;&nbsp;&nbsp; 10168760 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12691786 |
| &nbsp;&nbsp;&nbsp;&nbsp; Multi-Utilities | &nbsp;&nbsp;&nbsp; 3508170 | &nbsp;&nbsp;&nbsp; 3464785 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6972955 |
| &nbsp;&nbsp;&nbsp;&nbsp; Office REITs | &nbsp;&nbsp;&nbsp; 1508993 | &nbsp;&nbsp;&nbsp; 2065849 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3574842 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas & Consumable Fuels | &nbsp;&nbsp;&nbsp; 19659952 | &nbsp;&nbsp;&nbsp; 12863117 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 32523069 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paper & Forest Products | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 487392 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 487392 |
| &nbsp;&nbsp;&nbsp;&nbsp; Passenger Airlines | &nbsp;&nbsp;&nbsp; 866372 | &nbsp;&nbsp;&nbsp; 773022 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1639394 |
| &nbsp;&nbsp;&nbsp;&nbsp; Personal Care Products | &nbsp;&nbsp;&nbsp; 481201 | &nbsp;&nbsp;&nbsp; 3801328 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4282529 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals | &nbsp;&nbsp;&nbsp; 19136488 | &nbsp;&nbsp;&nbsp; 24760791 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 43897279 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional Services | &nbsp;&nbsp;&nbsp; 2023382 | &nbsp;&nbsp;&nbsp; 3243121 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5266503 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Management & Development | &nbsp;&nbsp;&nbsp; 619225 | &nbsp;&nbsp;&nbsp; 14457204 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15076429 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential REITs | &nbsp;&nbsp;&nbsp; 7955970 | &nbsp;&nbsp;&nbsp; 641814 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 8597784 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail REITs | &nbsp;&nbsp;&nbsp; 10965958 | &nbsp;&nbsp;&nbsp; 4276305 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15242263 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | &nbsp;&nbsp;&nbsp; 76639986 | &nbsp;&nbsp;&nbsp; 14936524 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 91576510 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp; 44277890 | &nbsp;&nbsp;&nbsp; 3428300 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 47706190 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialized REITs | &nbsp;&nbsp;&nbsp; 17540931 | &nbsp;&nbsp;&nbsp; 556002 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 18096933 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Retail | &nbsp;&nbsp;&nbsp; 9163110 | &nbsp;&nbsp;&nbsp; 2694698 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11857808 |
| &nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware, Storage & Peripherals | &nbsp;&nbsp;&nbsp; 39109182 | &nbsp;&nbsp;&nbsp; 882325 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 39991507 |
| &nbsp;&nbsp;&nbsp;&nbsp; Textiles, Apparel & Luxury Goods | &nbsp;&nbsp;&nbsp; 1282691 | &nbsp;&nbsp;&nbsp; 5769398 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7052089 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tobacco | &nbsp;&nbsp;&nbsp; 3489096 | &nbsp;&nbsp;&nbsp; 3020094 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6509190 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trading Companies & Distributors | &nbsp;&nbsp;&nbsp; 1733406 | &nbsp;&nbsp;&nbsp; 7080120 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8813526 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transportation Infrastructure | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1055328 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1055328 |
| &nbsp;&nbsp;&nbsp;&nbsp; Water Utilities | &nbsp;&nbsp;&nbsp; 251767 | &nbsp;&nbsp;&nbsp; 342087 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 593854 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wireless Telecommunication Services | &nbsp;&nbsp;&nbsp; 943035 | &nbsp;&nbsp;&nbsp; 3289521 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4232556 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 585113504 | &nbsp;&nbsp;&nbsp; 325159891 | &nbsp;&nbsp;&nbsp; 44336 | &nbsp;&nbsp;&nbsp; 910317731 |
| Total U.S. Treasury & Government Agencies\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 525496737 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 525496737 |
| Total Foreign Government\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 143202031 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 143202031 |
| Total Preferred Stocks\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 888580 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 888580 |
| Total Investment Companies\* | &nbsp;&nbsp;&nbsp; 167262 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 167262 |
| Total Rights\* | &nbsp;&nbsp;&nbsp; 664 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 664 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 8000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8000000 |

---

**BHFTI-25**

------

**Brighthouse Funds Trust I**

**AB Global Dynamic Allocation Portfolio**

**Consolidated 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; Repurchase Agreements | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $9440441 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $9440441 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 8000000 | &nbsp;&nbsp;&nbsp; 9440441 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 17440441 |
| Total Investments | &nbsp;&nbsp;&nbsp; $593281430 | &nbsp;&nbsp;&nbsp; $1004187680 | &nbsp;&nbsp;&nbsp; $44336 | &nbsp;&nbsp;&nbsp; $1597513446 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(17440441)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(17440441)<br>|
| Forward Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $9048932 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $9048932 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (3679750)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (3679750)<br>|
| Total Forward Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $5369182 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $5369182 |
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $3121730 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $3121730 |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; (1044025)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (1044025)<br>|
| Total Futures Contracts | &nbsp;&nbsp;&nbsp; $2077705 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $2077705 |
| Centrally Cleared Swap Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Swap Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(3110186)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(3110186)<br>|
| OTC Swap Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; OTC Swap Contracts at Value (Assets) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $90905 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $90905 |

---

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

\* See Consolidated Schedule of Investments for additional detailed categorizations.

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

During the period ended March 31, 2026, a transfer into Level 3 in the amount of $50,506 was due to a trading halt on the security's exchange which resulted in the lack of observable inputs.

**BHFTI-26**

------

**Brighthouse Funds Trust I**

**AB International Bond Portfolio**

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

**Foreign Government—64.1% 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>|
| **Regional Government — 0.7%** | **Regional Government — 0.7%** | **Regional Government — 0.7%** |
| Province of Alberta |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 06/01/50 (CAD) | 801000 | &nbsp;&nbsp;&nbsp; $442885 |
| Province of Quebec |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 12/01/55 (CAD) | 614000 | &nbsp;&nbsp;&nbsp; 415323 |
| Treasury Corp. of Victoria |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/20/37 (AUD) | 3545000 | &nbsp;&nbsp;&nbsp; 1652358 |
|  |  | &nbsp;&nbsp;&nbsp; 2510566 |
| **Sovereign — 63.4%** | **Sovereign — 63.4%** | **Sovereign — 63.4%** |
| Angola Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 11/26/29 | 1190000 | &nbsp;&nbsp;&nbsp; 1174398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 05/09/28 | 738000 | &nbsp;&nbsp;&nbsp; 744360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.875%, 03/31/37 (144A) | 1218000 | &nbsp;&nbsp;&nbsp; 1203681 |
| Argentina Republic Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.750%, 07/09/30 (a) | 2187920 | &nbsp;&nbsp;&nbsp; 1829101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.000%, 07/09/29 | 573971 | &nbsp;&nbsp;&nbsp; 502827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 07/09/35 (a) | 3323329 | &nbsp;&nbsp;&nbsp; 2392797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/09/38 (a) | 1411508 | &nbsp;&nbsp;&nbsp; 1060748 |
| Bahamas Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 06/24/36 | 390000 | &nbsp;&nbsp;&nbsp; 416064 |
| Bahrain Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 10/06/37 (144A) | 610000 | &nbsp;&nbsp;&nbsp; 554309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.100%, 02/03/38 (144A) | 430000 | &nbsp;&nbsp;&nbsp; 404770 |
| Benin Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.960%, 02/13/38 (144A) | 220000 | &nbsp;&nbsp;&nbsp; 215832 |
| Benin Sukuk SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 01/29/33 | 515000 | &nbsp;&nbsp;&nbsp; 477832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 01/29/33 (144A) | 465000 | &nbsp;&nbsp;&nbsp; 431726 |
| Brazil Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/04/33 | 924000 | &nbsp;&nbsp;&nbsp; 906998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 05/13/54 (b) | 1078000 | &nbsp;&nbsp;&nbsp; 1057184 |
| Brazil Notas do Tesouro Nacional |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 01/01/31 (BRL) | 14520000 | &nbsp;&nbsp;&nbsp; 2449067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 01/01/35 (BRL) | 34912000 | &nbsp;&nbsp;&nbsp; 5486287 |
| Bundesrepublik Deutschland Bundesanleihe |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/15/46 (EUR) | 1623000 | &nbsp;&nbsp;&nbsp; 1625094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.600%, 05/15/41 (EUR) | 1450000 | &nbsp;&nbsp;&nbsp; 1532301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 07/04/42 (EUR) | 1761917 | &nbsp;&nbsp;&nbsp; 2009716 |
| Caisse Francaise de Financement Local SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.010%, 02/22/28 (EUR) | 800000 | &nbsp;&nbsp;&nbsp; 875123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 02/19/29 (EUR) | 200000 | &nbsp;&nbsp;&nbsp; 232492 |
| Canada Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 12/01/31 (CAD) | 3397000 | &nbsp;&nbsp;&nbsp; 2232995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 09/01/30 (CAD) | 5228000 | &nbsp;&nbsp;&nbsp; 3710598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 12/01/55 (CAD) | 1978000 | &nbsp;&nbsp;&nbsp; 1138256 |
| Canada Housing Trust No. 1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.550%, 09/15/32 (144A) (CAD) | 5560000 | &nbsp;&nbsp;&nbsp; 4032529 |
| CBB International Sukuk Programme Co. WLL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.874%, 02/06/34 (144A) | 508000 | &nbsp;&nbsp;&nbsp; 472332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.124%, 09/03/34 (144A) | 524000 | &nbsp;&nbsp;&nbsp; 499792 |
| China Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.610%, 02/15/35 (CNY) | 14460000 | &nbsp;&nbsp;&nbsp; 2065391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.920%, 01/15/55 (CNY) | 12640000 | &nbsp;&nbsp;&nbsp; 1662791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.110%, 08/25/34 (CNY) | 22700000 | &nbsp;&nbsp;&nbsp; 3382577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.490%, 05/25/44 (CNY) | 7920000 | &nbsp;&nbsp;&nbsp; 1181922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.800%, 11/15/32 (CNY) | 15630000 | &nbsp;&nbsp;&nbsp; 2431748 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Sovereign—(Continued)** | **Sovereign—(Continued)** | **Sovereign—(Continued)** |
| China Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/15/53 (CNY) | 4210000 | &nbsp;&nbsp;&nbsp; $689706 |
| Colombia Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 04/22/32 | 1701000 | &nbsp;&nbsp;&nbsp; 1417341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 11/26/34 (EUR) | 400000 | &nbsp;&nbsp;&nbsp; 436218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 01/21/33 | 326000 | &nbsp;&nbsp;&nbsp; 319154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 04/25/30 | 639000 | &nbsp;&nbsp;&nbsp; 662407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 04/20/33 | 1285000 | &nbsp;&nbsp;&nbsp; 1352617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 11/14/35 (b) | 4431000 | &nbsp;&nbsp;&nbsp; 4637219 |
| Colombia TES |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 13.250%, 02/09/33 (COP) | 2565600000 | &nbsp;&nbsp;&nbsp; 690236 |
| Costa Rica Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/21/30 (EUR) | 750000 | &nbsp;&nbsp;&nbsp; 886445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.300%, 11/13/54 | 900000 | &nbsp;&nbsp;&nbsp; 971019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.300%, 11/13/54 (144A) | 285000 | &nbsp;&nbsp;&nbsp; 307489 |
| Dominican Republic International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 09/23/32 (b) | 1066000 | &nbsp;&nbsp;&nbsp; 981146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 03/17/34 (144A) | 1924000 | &nbsp;&nbsp;&nbsp; 1831648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/22/33 | 1323000 | &nbsp;&nbsp;&nbsp; 1288867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/15/48 | 354000 | &nbsp;&nbsp;&nbsp; 331627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.600%, 06/01/36 (144A) | 1655000 | &nbsp;&nbsp;&nbsp; 1653179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.950%, 03/15/37 (144A) | 1848000 | &nbsp;&nbsp;&nbsp; 1880894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 04/20/27 | 1840000 | &nbsp;&nbsp;&nbsp; 1865392 |
| Ecuador Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/31/40 (a) | 892083 | &nbsp;&nbsp;&nbsp; 698055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.900%, 07/31/35 (a) | 224058 | &nbsp;&nbsp;&nbsp; 197171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.900%, 07/31/35 (144A) (a) | 1419278 | &nbsp;&nbsp;&nbsp; 1248965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 01/29/34 (144A) | 248000 | &nbsp;&nbsp;&nbsp; 243040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 01/29/39 (144A) | 418000 | &nbsp;&nbsp;&nbsp; 409640 |
| Egypt Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 09/30/27 | 495000 | &nbsp;&nbsp;&nbsp; 488499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 02/16/31 | 556000 | &nbsp;&nbsp;&nbsp; 511157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.053%, 01/15/32 | 1539000 | &nbsp;&nbsp;&nbsp; 1454311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.300%, 09/30/33 | 1594000 | &nbsp;&nbsp;&nbsp; 1482252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 01/31/27 | 420000 | &nbsp;&nbsp;&nbsp; 422073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 05/29/32 | 836000 | &nbsp;&nbsp;&nbsp; 803202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 01/31/47 | 1086000 | &nbsp;&nbsp;&nbsp; 936637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 02/04/30 (144A) | 711000 | &nbsp;&nbsp;&nbsp; 735034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.700%, 03/01/49 | 623000 | &nbsp;&nbsp;&nbsp; 544947 |
| Egyptian Financial Co. for Sovereign Taskeek |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.950%, 10/07/32 (144A) | 400000 | &nbsp;&nbsp;&nbsp; 403112 |
| El Salvador Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.650%, 06/15/35 | 764000 | &nbsp;&nbsp;&nbsp; 745152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 02/28/29 | 2119000 | &nbsp;&nbsp;&nbsp; 2204269 |
| European Union |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 10/05/54 (EUR) | 2644306 | &nbsp;&nbsp;&nbsp; 2687530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/04/44 (EUR) | 191695 | &nbsp;&nbsp;&nbsp; 223032 |
| Finland Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 09/15/32 (144A) (EUR) | 892000 | &nbsp;&nbsp;&nbsp; 935306 |
| French Republic Government Bonds OAT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/25/43 (144A) (EUR) | 913278 | &nbsp;&nbsp;&nbsp; 837280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/25/35 (144A) (EUR) | 3051049 | &nbsp;&nbsp;&nbsp; 3461667 |
| Georgia Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 01/28/31 (144A) | 491000 | &nbsp;&nbsp;&nbsp; 471647 |
| Ghana Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/03/26 (144A) | 38376 | &nbsp;&nbsp;&nbsp; 37632 |

---

**BHFTI-27**

------

**Brighthouse Funds Trust I**

**AB International Bond 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)** |
| Ghana Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 01/03/30 (144A) | 209795 | &nbsp;&nbsp;&nbsp; $176623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/03/35 (a) | 1416000 | &nbsp;&nbsp;&nbsp; 1205361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/03/35 (144A) (a) | 1069549 | &nbsp;&nbsp;&nbsp; 910910 |
| Hazine Mustesarligi Varlik Kiralama AS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 09/01/30 | 362000 | &nbsp;&nbsp;&nbsp; 362211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.509%, 01/14/29 (144A) | 770000 | &nbsp;&nbsp;&nbsp; 814667 |
| Hungary Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 10/24/35 (HUF) | 793910000 | &nbsp;&nbsp;&nbsp; 2356756 |
| Hungary Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 09/25/52 | 857000 | &nbsp;&nbsp;&nbsp; 881060 |
| Indonesia Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/31/30 (CNY) | 1000000 | &nbsp;&nbsp;&nbsp; 143236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 10/31/35 (CNY) | 1000000 | &nbsp;&nbsp;&nbsp; 142946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.050%, 03/12/51 | 1028000 | &nbsp;&nbsp;&nbsp; 641566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 09/23/61 | 865000 | &nbsp;&nbsp;&nbsp; 517227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 10/16/33 (EUR) | 274000 | &nbsp;&nbsp;&nbsp; 302031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 03/04/34 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 111035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 01/11/48 (b) | 1525000 | &nbsp;&nbsp;&nbsp; 1227954 |
| Indonesia Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/15/31 (IDR) | 4135000000 | &nbsp;&nbsp;&nbsp; 236068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/15/29 (IDR) | 49670000000 | &nbsp;&nbsp;&nbsp; 2946261 |
| Italy Buoni Poliennali Del Tesoro |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.150%, 11/15/31 (144A) (EUR) | 183000 | &nbsp;&nbsp;&nbsp; 209257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 03/01/38 (144A) (EUR) | 897000 | &nbsp;&nbsp;&nbsp; 961327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.450%, 07/15/31 (EUR) | 1760000 | &nbsp;&nbsp;&nbsp; 2047765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.450%, 02/01/36 (EUR) | 321000 | &nbsp;&nbsp;&nbsp; 358183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, 10/30/37 (144A) (EUR) | 1387000 | &nbsp;&nbsp;&nbsp; 1611180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 03/01/34 (EUR) | 2083000 | &nbsp;&nbsp;&nbsp; 2494564 |
| Ivory Coast Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 12/31/32 (a) | 277269 | &nbsp;&nbsp;&nbsp; 271441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 06/15/33 | 812000 | &nbsp;&nbsp;&nbsp; 763525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/03/28 | 688344 | &nbsp;&nbsp;&nbsp; 692505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 01/30/33 | 223000 | &nbsp;&nbsp;&nbsp; 226847 |
| Jamaica Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 07/28/45 | 573000 | &nbsp;&nbsp;&nbsp; 658663 |
| Japan Government Five Year Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.300%, 06/20/28 (JPY) | 1161050000 | &nbsp;&nbsp;&nbsp; 7141586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.000%, 06/20/30 (JPY) | 317600000 | &nbsp;&nbsp;&nbsp; 1943763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.600%, 12/20/30 (JPY) | 436450000 | &nbsp;&nbsp;&nbsp; 2729088 |
| Japan Government Forty Year Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.300%, 03/20/63 (JPY) | 151800000 | &nbsp;&nbsp;&nbsp; 496410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.200%, 03/20/51 (JPY) | 273650000 | &nbsp;&nbsp;&nbsp; 1328618 |
| Japan Government Ten Year Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.100%, 12/20/35 (JPY) | 641350000 | &nbsp;&nbsp;&nbsp; 3959838 |
| Japan Government Thirty Year Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.400%, 12/20/49 (JPY) | 264800000 | &nbsp;&nbsp;&nbsp; 835270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.600%, 09/20/50 (JPY) | 219600000 | &nbsp;&nbsp;&nbsp; 716410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.600%, 12/20/53 (JPY) | 199550000 | &nbsp;&nbsp;&nbsp; 806436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.800%, 03/20/54 (JPY) | 286450000 | &nbsp;&nbsp;&nbsp; 1216697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 09/20/55 (JPY) | 12100000 | &nbsp;&nbsp;&nbsp; 69789 |
| Japan Government Twenty Year Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.500%, 09/20/36 (JPY) | 388400000 | &nbsp;&nbsp;&nbsp; 2014012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.400%, 12/20/42 (JPY) | 541450000 | &nbsp;&nbsp;&nbsp; 2671786 |
| Japan Government Two Year Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.900%, 09/01/27 (JPY) | 619650000 | &nbsp;&nbsp;&nbsp; 3886297 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Sovereign—(Continued)** | **Sovereign—(Continued)** | **Sovereign—(Continued)** |
| Japan Government Two Year Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.100%, 01/01/28 (JPY) | 82550000 | &nbsp;&nbsp;&nbsp; $518212 |
| Jordan Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 01/13/29 (144A) | 1196000 | &nbsp;&nbsp;&nbsp; 1228576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 01/15/28 | 617000 | &nbsp;&nbsp;&nbsp; 629417 |
| Kingdom of Belgium Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 06/22/54 (144A) (EUR) | 1167905 | &nbsp;&nbsp;&nbsp; 1127280 |
| Korea Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 06/10/35 (KRW) | 2030850000 | &nbsp;&nbsp;&nbsp; 1193194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 03/10/55 (KRW) | 2256390000 | &nbsp;&nbsp;&nbsp; 1167162 |
| Lebanon Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/27/23 (c) | 3576000 | &nbsp;&nbsp;&nbsp; 849300 |
| Mexico Bonos |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 02/21/36 (MXN) | 17585500 | &nbsp;&nbsp;&nbsp; 898692 |
| Mexico Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/19/34 (EUR) | 465000 | &nbsp;&nbsp;&nbsp; 523007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 09/22/35 | 1749000 | &nbsp;&nbsp;&nbsp; 1692157 |
| Morocco Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/15/50 | 625000 | &nbsp;&nbsp;&nbsp; 428492 |
| Nigeria Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 09/28/28 | 2684000 | &nbsp;&nbsp;&nbsp; 2658618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 11/28/47 | 822000 | &nbsp;&nbsp;&nbsp; 750759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 09/28/51 | 497000 | &nbsp;&nbsp;&nbsp; 476818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 03/24/29 | 386000 | &nbsp;&nbsp;&nbsp; 405532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.130%, 01/13/46 | 880000 | &nbsp;&nbsp;&nbsp; 918281 |
| Oman Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 10/28/32 | 1055000 | &nbsp;&nbsp;&nbsp; 1172095 |
| Pakistan Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/08/26 | 598000 | &nbsp;&nbsp;&nbsp; 597252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 04/08/51 | 1319000 | &nbsp;&nbsp;&nbsp; 1177350 |
| Panama Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.870%, 07/23/60 | 1043000 | &nbsp;&nbsp;&nbsp; 677470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 04/29/53 | 1427000 | &nbsp;&nbsp;&nbsp; 1040583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.227%, 02/23/34 | 2701000 | &nbsp;&nbsp;&nbsp; 2603764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.662%, 02/23/38 | 1839000 | &nbsp;&nbsp;&nbsp; 1764245 |
| Paraguay Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 03/30/50 | 1431000 | &nbsp;&nbsp;&nbsp; 1269297 |
| Peru Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.850%, 08/12/35 (144A) (PEN) | 4661000 | &nbsp;&nbsp;&nbsp; 1363273 |
| Republic of Austria Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.900%, 02/20/32 (144A) (EUR) | 2234000 | &nbsp;&nbsp;&nbsp; 2291262 |
| Republic of Kenya Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 02/26/34 (144A) | 1422000 | &nbsp;&nbsp;&nbsp; 1290841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.700%, 02/26/39 (144A) | 594000 | &nbsp;&nbsp;&nbsp; 537620 |
| Republic of Poland Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/25/35 (PLN) | 2508000 | &nbsp;&nbsp;&nbsp; 632412 |
| Republic of South Africa Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 02/28/48 (ZAR) | 105857103 | &nbsp;&nbsp;&nbsp; 5658752 |
| Republic of South Africa Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 09/30/29 | 1501000 | &nbsp;&nbsp;&nbsp; 1468654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/12/46 | 1065000 | &nbsp;&nbsp;&nbsp; 766559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 09/27/47 | 2455000 | &nbsp;&nbsp;&nbsp; 1919319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.300%, 04/20/52 | 245000 | &nbsp;&nbsp;&nbsp; 226265 |
| Republic of Uzbekistan International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 02/25/29 (EUR) | 300000 | &nbsp;&nbsp;&nbsp; 348065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.900%, 02/28/32 | 642000 | &nbsp;&nbsp;&nbsp; 668614 |

---

**BHFTI-28**

------

**Brighthouse Funds Trust I**

**AB International Bond 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)** |
| Republic of Uzbekistan International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.947%, 05/25/32 (144A) | 1391000 | &nbsp;&nbsp;&nbsp; $1454652 |
| Romania Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/14/31 | 1576000 | &nbsp;&nbsp;&nbsp; 1382771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 03/27/32 | 558000 | &nbsp;&nbsp;&nbsp; 488842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 03/27/32 (144A) | 434000 | &nbsp;&nbsp;&nbsp; 380423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/14/51 | 868000 | &nbsp;&nbsp;&nbsp; 559050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 03/22/31 (EUR) | 447000 | &nbsp;&nbsp;&nbsp; 521279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 09/16/30 (144A) | 1144000 | &nbsp;&nbsp;&nbsp; 1140446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 07/04/36 (144A) | 1290000 | &nbsp;&nbsp;&nbsp; 1196144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/25/34 | 400000 | &nbsp;&nbsp;&nbsp; 387787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 05/16/36 | 728000 | &nbsp;&nbsp;&nbsp; 722799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 02/10/37 | 1540000 | &nbsp;&nbsp;&nbsp; 1625395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 01/17/53 | 248000 | &nbsp;&nbsp;&nbsp; 260326 |
| Saudi Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 03/05/32 (144A) (EUR) | 268000 | &nbsp;&nbsp;&nbsp; 300261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 01/21/55 | 756000 | &nbsp;&nbsp;&nbsp; 512228 |
| Senegal Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 03/13/28 (EUR) | 493333 | &nbsp;&nbsp;&nbsp; 356605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/13/48 | 610000 | &nbsp;&nbsp;&nbsp; 308662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 06/10/31 | 1919000 | &nbsp;&nbsp;&nbsp; 1107671 |
| Serbia International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 09/26/33 (144A) | 262000 | &nbsp;&nbsp;&nbsp; 273390 |
| Spain Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.450%, 07/30/43 (144A) (EUR) | 1918000 | &nbsp;&nbsp;&nbsp; 2080514 |
| Sri Lanka Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 01/15/30 (144A) (a) | 192441 | &nbsp;&nbsp;&nbsp; 176756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.350%, 03/15/33 (144A) (a) | 1611766 | &nbsp;&nbsp;&nbsp; 1345220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 05/15/36 (a) | 738000 | &nbsp;&nbsp;&nbsp; 655592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 05/15/36 (144A) (a) | 367167 | &nbsp;&nbsp;&nbsp; 326168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 02/15/38 (144A) (a) | 624642 | &nbsp;&nbsp;&nbsp; 551240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/15/28 (144A) | 392041 | &nbsp;&nbsp;&nbsp; 373881 |
| Suriname Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.700%, 11/06/30 (144A) | 421000 | &nbsp;&nbsp;&nbsp; 426263 |
| Thailand Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.980%, 06/17/45 (THB) | 27994000 | &nbsp;&nbsp;&nbsp; 815685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.450%, 06/17/43 (THB) | 34284000 | &nbsp;&nbsp;&nbsp; 1070953 |
| Trinidad & Tobago Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.400%, 06/26/34 (144A) | 905000 | &nbsp;&nbsp;&nbsp; 899117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 01/28/36 (144A) | 670000 | &nbsp;&nbsp;&nbsp; 665645 |
| Turkiye Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/13/30 (b) | 970000 | &nbsp;&nbsp;&nbsp; 926146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 06/26/31 | 874000 | &nbsp;&nbsp;&nbsp; 835197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 10/24/28 | 1008000 | &nbsp;&nbsp;&nbsp; 1010273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 01/03/35 | 801000 | &nbsp;&nbsp;&nbsp; 751835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 02/17/45 | 403000 | &nbsp;&nbsp;&nbsp; 342168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 01/14/38 (b) | 1351000 | &nbsp;&nbsp;&nbsp; 1263404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.950%, 09/16/35 | 343000 | &nbsp;&nbsp;&nbsp; 328764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 07/17/32 | 667000 | &nbsp;&nbsp;&nbsp; 663067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 05/29/32 | 628000 | &nbsp;&nbsp;&nbsp; 629751 |
| Turkiye Ihracat Kredi Bankasi AS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 07/03/28 (144A) | 306000 | &nbsp;&nbsp;&nbsp; 309914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 01/28/27 (144A) | 600000 | &nbsp;&nbsp;&nbsp; 614939 |
| U.K. Gilts |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 07/31/53 (GBP) | 680710 | &nbsp;&nbsp;&nbsp; 390259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/22/45 (GBP) | 1778938 | &nbsp;&nbsp;&nbsp; 1816105 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Sovereign—(Continued)** | **Sovereign—(Continued)** | **Sovereign—(Continued)** |
| U.K. Gilts |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/22/31 (GBP) | 4308182 | &nbsp;&nbsp;&nbsp; $5559357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 03/07/31 (GBP) | 238000 | &nbsp;&nbsp;&nbsp; 310152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 12/07/40 (GBP) | 1643000 | &nbsp;&nbsp;&nbsp; 1950466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 03/07/30 (GBP) | 1305000 | &nbsp;&nbsp;&nbsp; 1724172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 07/31/54 (GBP) | 466141 | &nbsp;&nbsp;&nbsp; 513794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/07/35 (GBP) | 2800520 | &nbsp;&nbsp;&nbsp; 3610253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 10/22/35 (GBP) | 2055000 | &nbsp;&nbsp;&nbsp; 2684573 |
| Ukraine Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/35 (a) | 719487 | &nbsp;&nbsp;&nbsp; 333347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/29 (a) | 618707 | &nbsp;&nbsp;&nbsp; 435350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/34 (a) | 1085203 | &nbsp;&nbsp;&nbsp; 578721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/35 (a) | 1664561 | &nbsp;&nbsp;&nbsp; 871332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/35 (144A) (a) | 8989 | &nbsp;&nbsp;&nbsp; 4711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/36 (a) | 429359 | &nbsp;&nbsp;&nbsp; 220380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/36 (144A) (a) | 190250 | &nbsp;&nbsp;&nbsp; 97629 |
| Venezuela Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 09/15/27 (c) | 3541000 | &nbsp;&nbsp;&nbsp; 1681975 |
| Zambia Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.500%, 12/31/53 (a) | 696861 | &nbsp;&nbsp;&nbsp; 457304 |
|  |  | &nbsp;&nbsp;&nbsp; 244085313 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Foreign Government <br>(Cost $257,694,549) <br>|  | &nbsp;&nbsp;&nbsp; 246595879 |
| **Corporate Bonds & Notes—29.1%** | **Corporate Bonds & Notes—29.1%** | **Corporate Bonds & Notes—29.1%** |
| **Agriculture — 0.4%** | **Agriculture — 0.4%** | **Agriculture — 0.4%** |
| Altria Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 06/15/31 (EUR) | 311000 | &nbsp;&nbsp;&nbsp; 347650 |
| BAT International Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 04/12/32 (EUR) | 544000 | &nbsp;&nbsp;&nbsp; 632653 |
| Imperial Brands Finance Netherlands BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 02/15/31 (EUR) | 443000 | &nbsp;&nbsp;&nbsp; 540166 |
|  |  | &nbsp;&nbsp;&nbsp; 1520469 |
| **Airlines — 0.1%** | **Airlines — 0.1%** | **Airlines — 0.1%** |
| Garuda Indonesia Persero Tbk. PT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/28/31 (d) | 311726 | &nbsp;&nbsp;&nbsp; 259028 |
| **Auto Manufacturers — 0.5%** | **Auto Manufacturers — 0.5%** | **Auto Manufacturers — 0.5%** |
| Ford Credit Canada Co. Cie Credit Ford Du Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.382%, 11/10/28 (CAD) | 756000 | &nbsp;&nbsp;&nbsp; 567122 |
| General Motors Financial of Canada Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 07/14/28 (CAD) | 648000 | &nbsp;&nbsp;&nbsp; 479658 |
| Hyundai Capital Canada, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.583%, 07/24/29 (CAD) | 709000 | &nbsp;&nbsp;&nbsp; 522329 |
| Uzauto Motors AJ |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 11/19/30 (144A) | 280000 | &nbsp;&nbsp;&nbsp; 280620 |
|  |  | &nbsp;&nbsp;&nbsp; 1849729 |
| **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** |
| LG Energy Solution Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 04/02/30 (144A) | 330000 | &nbsp;&nbsp;&nbsp; 332540 |

---

**BHFTI-29**

------

**Brighthouse Funds Trust I**

**AB International Bond Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Banks — 7.4%** | **Banks — 7.4%** | **Banks — 7.4%** |
| ABN AMRO Bank NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 5Y EUR Swap + 3.898%, 09/22/27 (EUR) (e) | 400000 | &nbsp;&nbsp;&nbsp; $461762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 5Y EUR Swap + 2.450%, 09/21/33 (EUR) (e) | 300000 | &nbsp;&nbsp;&nbsp; 357474 |
| Akbank TAS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.369%, 5Y H15 + 5.270%, 03/14/29 (e) | 200000 | &nbsp;&nbsp;&nbsp; 200671 |
| Banco Bilbao Vizcaya Argentaria SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 5Y UKG + 3.600%, 11/30/33 (GBP) (e) | 300000 | &nbsp;&nbsp;&nbsp; 420432 |
| Banco Nacional de Panama |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/11/30 | 506000 | &nbsp;&nbsp;&nbsp; 448567 |
| Banco Santander SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 5Y EUR Swap + 2.850%, 08/23/33 (EUR) (e) | 400000 | &nbsp;&nbsp;&nbsp; 478653 |
| Bank Leumi Le-Israel BM |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.129%, 5Y H15 + 3.466%, 07/18/33 (144A) (e) | 341000 | &nbsp;&nbsp;&nbsp; 350973 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.261%, 3M EURIBOR + 0.900%, 01/28/31 (EUR) (e) | 170000 | &nbsp;&nbsp;&nbsp; 193732 |
| Bank of Ireland Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 1Y EUR Swap + 1.550%, 11/13/29 (EUR) (e) | 691000 | &nbsp;&nbsp;&nbsp; 822413 |
| Banque Federative du Credit Mutuel SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 5Y EUR Swap + 2.200%, 06/16/32 (EUR) (e) | 300000 | &nbsp;&nbsp;&nbsp; 347171 |
| Barclays PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.262%, 1Y EUR Swap + 2.550%, 01/29/34 (EUR) (e) | 210000 | &nbsp;&nbsp;&nbsp; 258356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.158%, 3M BBSW + 2.000%, 05/28/35 (AUD) (e) | 610000 | &nbsp;&nbsp;&nbsp; 416337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.090%, 1Y GBP Swap + 2.553%, 11/06/29 (GBP) (e) | 100000 | &nbsp;&nbsp;&nbsp; 137570 |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 5Y UKG + 1.650%, 05/24/31 (GBP) (e) | 200000 | &nbsp;&nbsp;&nbsp; 263403 |
| BPCE SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 1Y GBP Swap + 2.650%, 09/29/28 (GBP) (e) | 200000 | &nbsp;&nbsp;&nbsp; 267310 |
| Caixa Economica Federal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 05/13/30 (144A) | 378000 | &nbsp;&nbsp;&nbsp; 380684 |
| CaixaBank SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 5Y UKG + 3.700%, 10/25/33 (GBP) (e) | 100000 | &nbsp;&nbsp;&nbsp; 136166 |
| Canadian Imperial Bank of Commerce |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.010%, 04/30/29 (EUR) | 400000 | &nbsp;&nbsp;&nbsp; 421846 |
| Cie de Financement Foncier SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 03/05/30 (EUR) | 400000 | &nbsp;&nbsp;&nbsp; 454043 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 10/23/26 (GBP) | 408000 | &nbsp;&nbsp;&nbsp; 530954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.928%, 3M EURIBOR + 0.784%, 10/22/30 (EUR) (e) | 400000 | &nbsp;&nbsp;&nbsp; 452072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 5Y H15 + 3.211%, 11/15/28 (e) | 55000 | &nbsp;&nbsp;&nbsp; 56879 |
| Commerzbank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 3M EURIBOR + 2.100%, 01/17/31 (EUR) (e) | 500000 | &nbsp;&nbsp;&nbsp; 595252 |
| Commonwealth Bank of Australia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.750%, 02/28/28 (EUR) | 235000 | &nbsp;&nbsp;&nbsp; 260764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.875%, 02/19/29 (EUR) | 540000 | &nbsp;&nbsp;&nbsp; 588615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.030%, 01/15/31 (AUD) | 190000 | &nbsp;&nbsp;&nbsp; 128699 |
| Cooperatieve Rabobank UA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.637%, 3M BBSW + 0.910%, 07/17/29 (AUD) (e) | 1260000 | &nbsp;&nbsp;&nbsp; 873101 |
| Credit Agricole SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.364%, 06/01/28 (AUD) | 650000 | &nbsp;&nbsp;&nbsp; 446750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.064%, 3M BBSW + 2.050%, 01/16/35 (AUD) (e) | 400000 | &nbsp;&nbsp;&nbsp; 272643 |
| Danske Bank AS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 1Y UKG + 1.650%, 01/14/28 (GBP) (e) | 280000 | &nbsp;&nbsp;&nbsp; 362833 |
| Deutsche Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 3M EURIBOR + 1.500%, 04/04/30 (EUR) (e) | 100000 | &nbsp;&nbsp;&nbsp; 116720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 3M EURIBOR + 2.950%, 09/05/30 (EUR) (e) | 500000 | &nbsp;&nbsp;&nbsp; 598544 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| Erste Group Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 5Y EUR Swap + 1.270%, 04/21/36 (EUR) (e) | 400000 | &nbsp;&nbsp;&nbsp; $450786 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 3M EURIBOR + 1.150%, 01/23/33 (EUR) (e) | 555000 | &nbsp;&nbsp;&nbsp; 628697 |
| HSBC Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.856%, 3M EURIBOR + 1.943%, 05/23/33 (EUR) (e) | 163000 | &nbsp;&nbsp;&nbsp; 197273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.364%, 5Y EUR Swap + 3.300%, 11/16/32 (EUR) (e) | 499000 | &nbsp;&nbsp;&nbsp; 597790 |
| ING Groep NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 5Y EUR Swap + 1.800%, 05/20/36 (EUR) (e) | 200000 | &nbsp;&nbsp;&nbsp; 230737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 5Y EUR Swap + 2.500%, 08/24/33 (EUR) (e) | 200000 | &nbsp;&nbsp;&nbsp; 232744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/05/29 (AUD) | 600000 | &nbsp;&nbsp;&nbsp; 400437 |
| Intesa Sanpaolo SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.148%, 06/10/30 (GBP) | 360000 | &nbsp;&nbsp;&nbsp; 467946 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.457%, 3M EURIBOR + 1.280%, 11/13/31 (EUR) (e) | 678000 | &nbsp;&nbsp;&nbsp; 809174 |
| KBC Group NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 5Y EUR Swap + 2.250%, 04/25/33 (EUR) (e) | 600000 | &nbsp;&nbsp;&nbsp; 707242 |
| Lloyds Banking Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 1Y EUR Swap + 1.600%, 09/21/31 (EUR) (e) | 370000 | &nbsp;&nbsp;&nbsp; 445439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 5Y UKG + 3.100%, 06/02/33 (GBP) (e) | 235000 | &nbsp;&nbsp;&nbsp; 317278 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.521%, 3M EURIBOR + 1.315%, 05/22/31 (EUR) (e) | 710000 | &nbsp;&nbsp;&nbsp; 814339 |
| NatWest Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.780%, 3M EURIBOR + 0.949%, 02/26/30 (EUR) (e) | 243000 | &nbsp;&nbsp;&nbsp; 259106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.763%, 5Y EUR Swap + 2.600%, 02/28/34 (EUR) (e) | 127000 | &nbsp;&nbsp;&nbsp; 152605 |
| NatWest Markets PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.026%, 06/12/29 (AUD) | 140000 | &nbsp;&nbsp;&nbsp; 94887 |
| Royal Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.738%, 3M BBSW + 1.150%, 09/09/31 (AUD) (e) | 270000 | &nbsp;&nbsp;&nbsp; 178328 |
| Santander U.K. Group Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.098%, 1Y GBP Swap + 2.866%, 11/16/27 (GBP) (e) | 345000 | &nbsp;&nbsp;&nbsp; 462652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.482%, 1Y GBP Swap + 2.371%, 08/29/29 (GBP) (e) | 107000 | &nbsp;&nbsp;&nbsp; 148413 |
| Santander U.K. PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/12/29 (EUR) | 320000 | &nbsp;&nbsp;&nbsp; 369194 |
| Shinhan Financial Group Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 5Y H15 + 2.064%, 05/12/26 (e) | 201000 | &nbsp;&nbsp;&nbsp; 200287 |
| Societe Generale SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 3M EURIBOR + 1.900%, 11/21/31 (EUR) (e) | 600000 | &nbsp;&nbsp;&nbsp; 723870 |
| Standard Chartered PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.864%, 1Y EUR Swap + 1.300%, 03/17/33 (EUR) (e) | 365000 | &nbsp;&nbsp;&nbsp; 417760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.439%, 3M TSFR + 1.772%, 01/30/27 (144A) (e) | 400000 | &nbsp;&nbsp;&nbsp; 380470 |
| Svenska Handelsbanken AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 5Y EUR Swap + 1.900%, 08/16/34 (EUR) (e) | 500000 | &nbsp;&nbsp;&nbsp; 596625 |
| Swedbank AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 5Y EUR Swap + 2.150%, 08/23/32 (EUR) (e) | 534000 | &nbsp;&nbsp;&nbsp; 615832 |
| TC Ziraat Bankasi AS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 01/16/29 | 1015000 | &nbsp;&nbsp;&nbsp; 1046316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 5Y H15 + 4.616%, 11/05/30 (144A) (e) | 376000 | &nbsp;&nbsp;&nbsp; 364626 |
| Toronto-Dominion Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.191%, 02/16/29 (EUR) | 430000 | &nbsp;&nbsp;&nbsp; 499212 |
| Turk Ekonomi Bankasi AS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.375%, 5Y H15 + 5.758%, 09/11/29 (e) | 290000 | &nbsp;&nbsp;&nbsp; 294333 |
| Turkiye Vakiflar Bankasi TAO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.994%, 5Y H15 + 4.669%, 10/05/34 (e) | 200000 | &nbsp;&nbsp;&nbsp; 204721 |

---

**BHFTI-30**

------

**Brighthouse Funds Trust I**

**AB International Bond 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)** |
| UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 5Y USD SOFR ICE Swap + 3.240%, 01/08/31 <br> (144A) (e)<br>| 242000 | &nbsp;&nbsp;&nbsp; $235653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 1Y EUR Swap + 4.950%, 03/01/29 (EUR) (e) | 251000 | &nbsp;&nbsp;&nbsp; 312830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 5Y H15 + 4.745%, 11/13/28 (144A) (e) | 243000 | &nbsp;&nbsp;&nbsp; 258996 |
| UniCredit SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 3M EURIBOR + 1.400%, 01/16/33 (EUR) (e) | 262000 | &nbsp;&nbsp;&nbsp; 300229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 5Y EUR Swap + 2.800%, 04/16/34 (EUR) (e) | 285000 | &nbsp;&nbsp;&nbsp; 341714 |
| Uzbek Industrial & Construction Bank ATB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.950%, 07/24/29 | 257000 | &nbsp;&nbsp;&nbsp; 271214 |
| Westpac Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.010%, 09/22/28 (EUR) | 479000 | &nbsp;&nbsp;&nbsp; 515246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/30/30 (AUD) | 190000 | &nbsp;&nbsp;&nbsp; 126024 |
| Woori Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 5Y H15 + 2.277%, 07/24/29 (144A) (e) | 228000 | &nbsp;&nbsp;&nbsp; 234488 |
| Yapi ve Kredi Bankasi AS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.743%, 5Y H15 + 5.499%, 04/04/29 (e) | 320000 | &nbsp;&nbsp;&nbsp; 322571 |
|  |  | &nbsp;&nbsp;&nbsp; 28329473 |
| **Beverages — 0.3%** | **Beverages — 0.3%** | **Beverages — 0.3%** |
| Anadolu Efes Biracilik Ve Malt Sanayii AS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 06/29/28 | 431000 | &nbsp;&nbsp;&nbsp; 396891 |
| Maple Parent Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.881%, 03/26/30 (144A) (EUR) | 181000 | &nbsp;&nbsp;&nbsp; 207896 |
| Molson Coors Beverage Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 06/15/32 (EUR) | 390000 | &nbsp;&nbsp;&nbsp; 447590 |
|  |  | &nbsp;&nbsp;&nbsp; 1052377 |
| **Building Materials — 0.0%** | **Building Materials — 0.0%** | **Building Materials — 0.0%** |
| EMRLD Borrower LP/Emerald Co-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 12/15/30 (EUR) | 180000 | &nbsp;&nbsp;&nbsp; 211771 |
| **Chemicals — 1.0%** | **Chemicals — 1.0%** | **Chemicals — 1.0%** |
| Braskem Idesa SAPI |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.990%, 02/20/32 (144A) (c) | 292000 | &nbsp;&nbsp;&nbsp; 178473 |
| Braskem Netherlands Finance BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/10/28 | 2273000 | &nbsp;&nbsp;&nbsp; 1099677 |
| GC Treasury Center Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 5Y H15 + 2.815%, 09/10/30 (144A) (e) | 275000 | &nbsp;&nbsp;&nbsp; 267274 |
| INEOS Quattro Finance 2 PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 03/15/29 (EUR) | 285000 | &nbsp;&nbsp;&nbsp; 272151 |
| OCP SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 05/02/54 (144A) | 470000 | &nbsp;&nbsp;&nbsp; 494457 |
| Orbia Advance Corp. SAB de CV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/11/31 | 200000 | &nbsp;&nbsp;&nbsp; 162531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 05/13/35 (144A) | 247000 | &nbsp;&nbsp;&nbsp; 235414 |
| Sasol Financing USA LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 05/03/29 (144A) | 285000 | &nbsp;&nbsp;&nbsp; 296606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 04/10/33 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 198820 |
| Sociedad Quimica y Minera de Chile SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 5Y H15 + 1.915%, 04/22/56 (144A) (e) | 370000 | &nbsp;&nbsp;&nbsp; 360357 |
| UPL Corp. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/08/28 | 325000 | &nbsp;&nbsp;&nbsp; 308179 |
|  |  | &nbsp;&nbsp;&nbsp; 3873939 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Services — 0.6%** | **Commercial Services — 0.6%** | **Commercial Services — 0.6%** |
| Adani Ports & Special Economic Zone Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 02/02/31 | 350000 | &nbsp;&nbsp;&nbsp; $307095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 07/03/29 | 280000 | &nbsp;&nbsp;&nbsp; 268378 |
| Bidvest Group U.K. PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 09/17/32 (144A) | 280000 | &nbsp;&nbsp;&nbsp; 278807 |
| Boels Topholding BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 02/15/29 (EUR) | 307000 | &nbsp;&nbsp;&nbsp; 362454 |
| Global Payments, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 03/17/31 (EUR) | 455000 | &nbsp;&nbsp;&nbsp; 535075 |
| TransJamaican Highway Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 10/10/36 | 490130 | &nbsp;&nbsp;&nbsp; 448469 |
|  |  | &nbsp;&nbsp;&nbsp; 2200278 |
| **Computers — 0.1%** | **Computers — 0.1%** | **Computers — 0.1%** |
| Almaviva-The Italian Innovation Co. SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/30/30 (EUR) | 298000 | &nbsp;&nbsp;&nbsp; 326407 |
| **Cosmetics/Personal Care — 0.1%** | **Cosmetics/Personal Care — 0.1%** | **Cosmetics/Personal Care — 0.1%** |
| Natura &Co. Luxembourg Holdings SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 05/03/28 | 400000 | &nbsp;&nbsp;&nbsp; 377773 |
| **Diversified Financial Services — 1.8%** | **Diversified Financial Services — 1.8%** | **Diversified Financial Services — 1.8%** |
| BPCE SFH SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.010%, 01/29/29 (EUR) | 700000 | &nbsp;&nbsp;&nbsp; 744336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.010%, 05/27/30 (EUR) | 200000 | &nbsp;&nbsp;&nbsp; 203396 |
| Caisse de Refinancement de l'Habitat SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.010%, 10/08/29 (EUR) | 600000 | &nbsp;&nbsp;&nbsp; 624248 |
| Credicorp Capital Sociedad Titulizadora SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.100%, 12/15/43 (144A) (PEN) | 3100000 | &nbsp;&nbsp;&nbsp; 959869 |
| Credit Agricole Home Loan SFH SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.875%, 08/31/27 (EUR) | 800000 | &nbsp;&nbsp;&nbsp; 899191 |
| Credit Mutuel Home Loan SFH SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 04/20/29 (EUR) | 400000 | &nbsp;&nbsp;&nbsp; 465556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 10/31/29 (EUR) | 300000 | &nbsp;&nbsp;&nbsp; 348924 |
| Eagle Funding Luxco SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/17/30 (144A) | 1462000 | &nbsp;&nbsp;&nbsp; 1469675 |
| Muthoot Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/02/30 (144A) | 258000 | &nbsp;&nbsp;&nbsp; 254745 |
| Sammaan Capital Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 10/16/30 (144A) | 278000 | &nbsp;&nbsp;&nbsp; 269258 |
| Societe Generale SFH SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 05/05/28 (EUR) | 600000 | &nbsp;&nbsp;&nbsp; 670901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 07/31/30 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 116526 |
|  |  | &nbsp;&nbsp;&nbsp; 7026625 |
| **Electric — 2.9%** | **Electric — 2.9%** | **Electric — 2.9%** |
| Adani Electricity Mumbai Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.949%, 02/12/30 | 300000 | &nbsp;&nbsp;&nbsp; 273294 |
| AES Panama Generation Holdings SRL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 05/31/30 | 387406 | &nbsp;&nbsp;&nbsp; 358603 |
| Chile Electricity Lux MPC II SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.580%, 10/20/35 (144A) | 586503 | &nbsp;&nbsp;&nbsp; 589021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.672%, 10/20/35 (144A) (b) | 466018 | &nbsp;&nbsp;&nbsp; 470565 |
| Comision Ejecutiva Hidroelectrica del Rio Lempa |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.650%, 01/24/33 | 257000 | &nbsp;&nbsp;&nbsp; 263425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.650%, 01/24/33 (144A) | 860000 | &nbsp;&nbsp;&nbsp; 881500 |

---

**BHFTI-31**

------

**Brighthouse Funds Trust I**

**AB International Bond 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)** |
| Comision Federal de Electricidad |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/29/36 | 622000 | &nbsp;&nbsp;&nbsp; $586173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 01/24/30 | 200000 | &nbsp;&nbsp;&nbsp; 199700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 01/28/51 (144A) (b) | 550000 | &nbsp;&nbsp;&nbsp; 530062 |
| Continuum Energy Aura Pte. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 02/24/27 | 270000 | &nbsp;&nbsp;&nbsp; 271369 |
| E.ON International Finance BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 06/07/32 (GBP) | 380000 | &nbsp;&nbsp;&nbsp; 527397 |
| EDP Finance BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 03/11/30 (EUR) | 300000 | &nbsp;&nbsp;&nbsp; 350396 |
| EDP SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 5Y EUR Swap + 2.052%, 05/29/54 (EUR) (e) | 200000 | &nbsp;&nbsp;&nbsp; 232365 |
| EDP Servicios Financieros Espana SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/16/30 (EUR) | 107000 | &nbsp;&nbsp;&nbsp; 123286 |
| Empresa Distribuidora Y Comercializadora Norte |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 10/24/30 (144A) | 280000 | &nbsp;&nbsp;&nbsp; 280000 |
| Empresas Publicas de Medellin ESP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 07/18/29 (144A) | 592000 | &nbsp;&nbsp;&nbsp; 549459 |
| EnBW Energie Baden-Wuerttemberg AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 5Y EUR Swap + 1.177%, 02/10/56 (EUR) (e) | 500000 | &nbsp;&nbsp;&nbsp; 550800 |
| ENEL Finance International NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/20/31 (EUR) | 365000 | &nbsp;&nbsp;&nbsp; 429118 |
| Enel SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 5Y EUR Swap + 3.486%, 04/16/28 (EUR) (e) | 200000 | &nbsp;&nbsp;&nbsp; 239846 |
| Iberdrola Finanzas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.247%, 5Y EUR Swap + 1.983%, 05/28/30 (EUR) (e) | 500000 | &nbsp;&nbsp;&nbsp; 575305 |
| Investment Energy Resources Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 04/26/29 | 245000 | &nbsp;&nbsp;&nbsp; 243857 |
| JSW Hydro Energy Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 05/18/31 (144A) | 403100 | &nbsp;&nbsp;&nbsp; 368851 |
| Minejesa Capital BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 08/10/30 | 162250 | &nbsp;&nbsp;&nbsp; 160225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/10/37 | 225000 | &nbsp;&nbsp;&nbsp; 214581 |
| National Grid Electricity Distribution PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/16/26 (GBP) | 451000 | &nbsp;&nbsp;&nbsp; 592826 |
| National Grid PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.553%, 09/18/29 (EUR) | 134000 | &nbsp;&nbsp;&nbsp; 140131 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.624%, 02/10/34 (EUR) | 129000 | &nbsp;&nbsp;&nbsp; 145731 |
| Saavi Energia SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 02/10/35 (144A) | 330000 | &nbsp;&nbsp;&nbsp; 346302 |
| Sorik Marapi Geothermal Power PT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 08/05/31 (144A) | 214659 | &nbsp;&nbsp;&nbsp; 213048 |
| Trinidad Generation UnLtd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 06/16/33 (144A) | 211000 | &nbsp;&nbsp;&nbsp; 220297 |
| Zorlu Enerji Elektrik Uretim AS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.000%, 04/23/30 | 340000 | &nbsp;&nbsp;&nbsp; 299043 |
|  |  | &nbsp;&nbsp;&nbsp; 11226576 |
| **Energy-Alternate Sources — 0.2%** | **Energy-Alternate Sources — 0.2%** | **Energy-Alternate Sources — 0.2%** |
| Greenko Wind Projects Mauritius Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 09/27/28 (144A) | 303380 | &nbsp;&nbsp;&nbsp; 301135 |
| UEP Penonome II SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/01/38 | 449034 | &nbsp;&nbsp;&nbsp; 398563 |
|  |  | &nbsp;&nbsp;&nbsp; 699698 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Engineering & Construction — 0.2%** | **Engineering & Construction — 0.2%** | **Engineering & Construction — 0.2%** |
| Heathrow Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.450%, 12/10/33 (GBP) | 435000 | &nbsp;&nbsp;&nbsp; $600165 |
| IRB Infrastructure Developers Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.110%, 03/11/32 | 220000 | &nbsp;&nbsp;&nbsp; 220713 |
|  |  | &nbsp;&nbsp;&nbsp; 820878 |
| **Entertainment — 0.2%** | **Entertainment — 0.2%** | **Entertainment — 0.2%** |
| Allwyn Entertainment Financing U.K. PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 02/15/31 (EUR) | 114000 | &nbsp;&nbsp;&nbsp; 123976 |
| Flutter Treasury DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/04/31 (144A) (EUR) | 173000 | &nbsp;&nbsp;&nbsp; 193006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 06/04/31 (144A) (GBP) | 154000 | &nbsp;&nbsp;&nbsp; 197113 |
| Pinewood Finco PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/27/30 (GBP) | 315000 | &nbsp;&nbsp;&nbsp; 406762 |
|  |  | &nbsp;&nbsp;&nbsp; 920857 |
| **Environmental Control — 0.0%** | **Environmental Control — 0.0%** | **Environmental Control — 0.0%** |
| Ambipar Lux SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.875%, 02/05/33 (c) | 248000 | &nbsp;&nbsp;&nbsp; 37200 |
| **Food — 0.5%** | **Food — 0.5%** | **Food — 0.5%** |
| General Mills, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 04/17/32 (EUR) | 579000 | &nbsp;&nbsp;&nbsp; 657373 |
| Grupo Nutresa SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 05/12/30 | 260000 | &nbsp;&nbsp;&nbsp; 275275 |
| Loblaw Cos. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.540%, 02/17/33 (144A) (CAD) | 604000 | &nbsp;&nbsp;&nbsp; 488545 |
| Nestle Finance International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.800%, 05/29/35 (CNY) | 2440000 | &nbsp;&nbsp;&nbsp; 354206 |
|  |  | &nbsp;&nbsp;&nbsp; 1775399 |
| **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** |
| Sappi Papier Holding GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/15/32 (EUR) | 190000 | &nbsp;&nbsp;&nbsp; 195952 |
| **Gas — 0.2%** | **Gas — 0.2%** | **Gas — 0.2%** |
| Cadent Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 04/16/33 (EUR) | 458000 | &nbsp;&nbsp;&nbsp; 519883 |
| National Grid North America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.631%, 09/03/31 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 114689 |
|  |  | &nbsp;&nbsp;&nbsp; 634572 |
| **Insurance — 0.3%** | **Insurance — 0.3%** | **Insurance — 0.3%** |
| Athene Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 11/30/28 (GBP) | 360000 | &nbsp;&nbsp;&nbsp; 432871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.716%, 08/22/32 (EUR) | 179000 | &nbsp;&nbsp;&nbsp; 197221 |
| Chubb INA Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 08/06/35 (CNY) | 2000000 | &nbsp;&nbsp;&nbsp; 285892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.050%, 08/06/55 (CNY) | 1000000 | &nbsp;&nbsp;&nbsp; 137880 |
|  |  | &nbsp;&nbsp;&nbsp; 1053864 |
| **Internet — 0.8%** | **Internet — 0.8%** | **Internet — 0.8%** |
| Alibaba Group Holding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.800%, 11/28/29 (CNY) | 4500000 | &nbsp;&nbsp;&nbsp; 664428 |
| Alphabet, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/06/29 (EUR) | 171000 | &nbsp;&nbsp;&nbsp; 193315 |

---

**BHFTI-32**

------

**Brighthouse Funds Trust I**

**AB International Bond Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Internet—(Continued)** | **Internet—(Continued)** | **Internet—(Continued)** |
| Alphabet, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 11/13/32 (GBP) | 471000 | &nbsp;&nbsp;&nbsp; $604902 |
| Baidu, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.700%, 03/12/30 (CNY) | 3330000 | &nbsp;&nbsp;&nbsp; 489869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/12/35 (CNY) | 1330000 | &nbsp;&nbsp;&nbsp; 195894 |
| Booking Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/15/31 (EUR) | 338000 | &nbsp;&nbsp;&nbsp; 405338 |
| Prosus NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.832%, 02/08/51 | 480000 | &nbsp;&nbsp;&nbsp; 308780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.987%, 01/19/52 | 200000 | &nbsp;&nbsp;&nbsp; 152397 |
|  |  | &nbsp;&nbsp;&nbsp; 3014923 |
| **Investment Companies — 0.1%** | **Investment Companies — 0.1%** | **Investment Companies — 0.1%** |
| Gaci First Investment Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 10/14/32 (EUR) | 400000 | &nbsp;&nbsp;&nbsp; 441797 |
| Temasek Financial I Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 08/28/34 (CNY) | 1000000 | &nbsp;&nbsp;&nbsp; 149822 |
|  |  | &nbsp;&nbsp;&nbsp; 591619 |
| **Iron/Steel — 0.1%** | **Iron/Steel — 0.1%** | **Iron/Steel — 0.1%** |
| Vale Overseas Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 5Y H15 + 2.431%, 02/25/56 (144A) (e) | 277000 | &nbsp;&nbsp;&nbsp; 272568 |
| **Lodging — 0.1%** | **Lodging — 0.1%** | **Lodging — 0.1%** |
| Melco Resorts Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 09/24/33 (144A) (b) | 280000 | &nbsp;&nbsp;&nbsp; 268739 |
| **Machinery-Construction & Mining — 0.0%** | **Machinery-Construction & Mining — 0.0%** | **Machinery-Construction & Mining — 0.0%** |
| Eaton Capital ULC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.550%, 03/10/34 (EUR) | 170000 | &nbsp;&nbsp;&nbsp; 192593 |
| **Media — 0.0%** | **Media — 0.0%** | **Media — 0.0%** |
| Grupo Televisa SAB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 01/15/40 | 125000 | &nbsp;&nbsp;&nbsp; 100625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 03/11/32 | 88000 | &nbsp;&nbsp;&nbsp; 92697 |
|  |  | &nbsp;&nbsp;&nbsp; 193322 |
| **Mining — 1.5%** | **Mining — 1.5%** | **Mining — 1.5%** |
| Corp. Nacional del Cobre de Chile |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 01/30/50 | 555000 | &nbsp;&nbsp;&nbsp; 377782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 01/08/34 | 1740000 | &nbsp;&nbsp;&nbsp; 1779087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 01/08/34 (144A) | 1144000 | &nbsp;&nbsp;&nbsp; 1169699 |
| Glencore Capital Finance DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 02/04/32 (EUR) | 651000 | &nbsp;&nbsp;&nbsp; 742733 |
| Marcobre SAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 01/22/36 (144A) | 370000 | &nbsp;&nbsp;&nbsp; 357239 |
| Navoi Mining & Metallurgical Combinat |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 10/17/28 (144A) | 245000 | &nbsp;&nbsp;&nbsp; 249255 |
| Stillwater Mining Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/16/26 | 575000 | &nbsp;&nbsp;&nbsp; 569255 |
| Vedanta Resources Finance II PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.875%, 09/17/29 (144A) | 355000 | &nbsp;&nbsp;&nbsp; 371114 |
| Volcan Cia Minera SAA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 10/28/32 (144A) | 361000 | &nbsp;&nbsp;&nbsp; 366018 |
|  |  | &nbsp;&nbsp;&nbsp; 5982182 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Miscellaneous Manufacturing — 0.1%** | **Miscellaneous Manufacturing — 0.1%** | **Miscellaneous Manufacturing — 0.1%** |
| Parker-Hannifin Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 03/01/30 (EUR) | 326000 | &nbsp;&nbsp;&nbsp; $367481 |
| **Oil & Gas — 3.5%** | **Oil & Gas — 3.5%** | **Oil & Gas — 3.5%** |
| BP Capital Markets PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 5Y EUR Swap + 3.520%, 03/22/26 (EUR) (e) | 234000 | &nbsp;&nbsp;&nbsp; 270104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 5Y EUR Swap + 3.780%, 03/22/29 (EUR) (e) | 301000 | &nbsp;&nbsp;&nbsp; 343108 |
| Ecopetrol SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 05/28/45 | 569000 | &nbsp;&nbsp;&nbsp; 418687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 01/19/36 (b) | 528000 | &nbsp;&nbsp;&nbsp; 535324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 01/19/29 | 2218000 | &nbsp;&nbsp;&nbsp; 2344227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 01/13/33 | 537000 | &nbsp;&nbsp;&nbsp; 565207 |
| Empresa Nacional del Petroleo |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/14/47 | 1375000 | &nbsp;&nbsp;&nbsp; 1103930 |
| Eni SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 5Y EUR Swap + 2.771%, 02/11/30 (EUR) (e) | 300000 | &nbsp;&nbsp;&nbsp; 324945 |
| Gran Tierra Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 10/15/29 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 173526 |
| Medco Cypress Tree Pte. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 05/19/30 (144A) | 310000 | &nbsp;&nbsp;&nbsp; 318403 |
| Petroleos de Venezuela SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 04/12/27 (c) | 987800 | &nbsp;&nbsp;&nbsp; 328246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/15/26 (c) | 2005965 | &nbsp;&nbsp;&nbsp; 685238 |
| Petroleos Mexicanos |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/27/44 | 1702000 | &nbsp;&nbsp;&nbsp; 1259735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 01/23/46 (b) | 1563000 | &nbsp;&nbsp;&nbsp; 1141660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 06/02/29 | 935000 | &nbsp;&nbsp;&nbsp; 982898 |
| Raizen Fuels Finance SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 01/17/35 | 200000 | &nbsp;&nbsp;&nbsp; 109500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 07/08/32 | 1450000 | &nbsp;&nbsp;&nbsp; 801125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 02/25/37 (144A) | 440000 | &nbsp;&nbsp;&nbsp; 237600 |
| &nbsp;&nbsp;&nbsp;&nbsp; SierraCol Energy Andina LLC/SierraCol Energy <br> Arauca/Colombia Energy Development<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 11/14/30 (144A) | 278000 | &nbsp;&nbsp;&nbsp; 276610 |
| TotalEnergies SE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 5Y EUR Swap + 1.993%, 10/25/27 (EUR) (e) | 478000 | &nbsp;&nbsp;&nbsp; 532389 |
| Wintershall Dea Finance BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.823%, 09/25/31 (EUR) | 600000 | &nbsp;&nbsp;&nbsp; 611584 |
|  |  | &nbsp;&nbsp;&nbsp; 13364046 |
| **Oil & Gas Services — 0.0%** | **Oil & Gas Services — 0.0%** | **Oil & Gas Services — 0.0%** |
| Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.226%, 03/11/30 (EUR) | 184000 | &nbsp;&nbsp;&nbsp; 210647 |
| **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** |
| BMS Ireland Capital Funding DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.363%, 11/10/33 (EUR) | 189000 | &nbsp;&nbsp;&nbsp; 211970 |
| Organon & Co./Organon Foreign Debt Co-Issuer BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 04/30/28 (EUR) | 190000 | &nbsp;&nbsp;&nbsp; 211393 |
|  |  | &nbsp;&nbsp;&nbsp; 423363 |
| **Pipelines — 0.1%** | **Pipelines — 0.1%** | **Pipelines — 0.1%** |
| Transportadora de Gas del Sur SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 11/20/35 (144A) | 209000 | &nbsp;&nbsp;&nbsp; 211972 |

---

**BHFTI-33**

------

**Brighthouse Funds Trust I**

**AB International Bond 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 — 0.8%** | **Real Estate — 0.8%** | **Real Estate — 0.8%** |
| alstria SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 10/15/29 (EUR) | 200000 | &nbsp;&nbsp;&nbsp; $220536 |
| GLP Pte. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 05/20/28 | 270000 | &nbsp;&nbsp;&nbsp; 221283 |
| Mobiliare Latam SA/Mobiliare Latam Mexico SA de CV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 11/10/32 | 280000 | &nbsp;&nbsp;&nbsp; 279129 |
| Port of Spain Waterfront Development |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 02/19/40 | 737333 | &nbsp;&nbsp;&nbsp; 737333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 02/19/40 (144A) | 1026667 | &nbsp;&nbsp;&nbsp; 1026667 |
| Prologis International Funding II SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 06/17/32 (EUR) | 191000 | &nbsp;&nbsp;&nbsp; 192039 |
| Swire Properties MTN Financing Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 09/03/29 (CNY) | 2810000 | &nbsp;&nbsp;&nbsp; 421109 |
|  |  | &nbsp;&nbsp;&nbsp; 3098096 |
| **Real Estate Investment Trusts — 0.6%** | **Real Estate Investment Trusts — 0.6%** | **Real Estate Investment Trusts — 0.6%** |
| Champion MTN Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 06/15/30 | 320000 | &nbsp;&nbsp;&nbsp; 275895 |
| Digital Dutch Finco BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.000%, 01/15/32 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 96615 |
| Digital Intrepid Holding BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 07/18/32 (EUR) | 543000 | &nbsp;&nbsp;&nbsp; 527957 |
| Fibra Soma Trust F/6185 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 07/22/31 | 280000 | &nbsp;&nbsp;&nbsp; 255465 |
| Trust 2401 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.869%, 01/15/30 (144A) | 546000 | &nbsp;&nbsp;&nbsp; 525733 |
| Trust Fibra Uno |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.869%, 01/15/30 | 282000 | &nbsp;&nbsp;&nbsp; 270551 |
| Westfield America Management Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 03/30/29 (GBP) | 195000 | &nbsp;&nbsp;&nbsp; 238865 |
|  |  | &nbsp;&nbsp;&nbsp; 2191081 |
| **Retail — 0.2%** | **Retail — 0.2%** | **Retail — 0.2%** |
| McDonald's Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/07/35 (EUR) | 530000 | &nbsp;&nbsp;&nbsp; 620573 |
| **Savings & Loans — 0.4%** | **Savings & Loans — 0.4%** | **Savings & Loans — 0.4%** |
| Nationwide Building Society |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 05/31/28 (EUR) | 1000000 | &nbsp;&nbsp;&nbsp; 1111828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 5Y EUR Swap + 1.850%, 07/30/35 (EUR) (e) | 224000 | &nbsp;&nbsp;&nbsp; 256019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 5Y UKG + 1.400%, 07/14/36 (GBP) (e) | 160000 | &nbsp;&nbsp;&nbsp; 207497 |
|  |  | &nbsp;&nbsp;&nbsp; 1575344 |
| **Software — 0.2%** | **Software — 0.2%** | **Software — 0.2%** |
| Fidelity National Information Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.450%, 03/10/30 (EUR) | 160000 | &nbsp;&nbsp;&nbsp; 182779 |
| OAK-Eagle Acquireco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 07/01/33 (144A) (EUR) | 360000 | &nbsp;&nbsp;&nbsp; 425013 |
|  |  | &nbsp;&nbsp;&nbsp; 607792 |
| **Telecommunications — 0.9%** | **Telecommunications — 0.9%** | **Telecommunications — 0.9%** |
| Bell Telephone Co. of Canada or Bell Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 11/10/32 (CAD) | 671000 | &nbsp;&nbsp;&nbsp; 523627 |
| Fibercop SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 06/30/30 (EUR) | 375000 | &nbsp;&nbsp;&nbsp; 429898 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Telecommunications—(Continued)** | **Telecommunications—(Continued)** | **Telecommunications—(Continued)** |
| Sable International Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 10/15/32 (144A) (b) | 365000 | &nbsp;&nbsp;&nbsp; $360538 |
| Telecom Argentina SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 05/28/33 | 265000 | &nbsp;&nbsp;&nbsp; 274147 |
| Telecommunications Co. Telekom Srbija AD Belgrade |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 10/28/29 (144A) | 283000 | &nbsp;&nbsp;&nbsp; 278263 |
| TELUS Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 02/18/31 (CAD) | 8000 | &nbsp;&nbsp;&nbsp; 5984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 09/08/33 (CAD) | 726000 | &nbsp;&nbsp;&nbsp; 563421 |
| Verizon Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/23/31 (AUD) | 230000 | &nbsp;&nbsp;&nbsp; 139352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.246%, 5Y EUR Swap + 1.716%, 08/15/56 (EUR) (e) | 248000 | &nbsp;&nbsp;&nbsp; 277006 |
| Vmed O2 U.K. Financing I PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 04/15/32 (EUR) | 275000 | &nbsp;&nbsp;&nbsp; 291182 |
| Vodafone Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 5Y EUR Swap + 3.477%, 08/27/80 (EUR) (e) | 100000 | &nbsp;&nbsp;&nbsp; 108637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 5Y UKG + 3.837%, 08/30/86 (GBP) (e) | 220000 | &nbsp;&nbsp;&nbsp; 304682 |
|  |  | &nbsp;&nbsp;&nbsp; 3556737 |
| **Transportation — 2.2%** | **Transportation — 2.2%** | **Transportation — 2.2%** |
| Empresa de Transporte de Pasajeros Metro SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/25/47 | 200000 | &nbsp;&nbsp;&nbsp; 178914 |
| FedEx Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/30/32 (EUR) | 176000 | &nbsp;&nbsp;&nbsp; 198958 |
| Guangzhou Metro Investment Finance BVI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.150%, 08/19/28 (CNY) | 1060000 | &nbsp;&nbsp;&nbsp; 153057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.150%, 09/04/28 (CNY) | 2940000 | &nbsp;&nbsp;&nbsp; 424517 |
| Lima Metro Line 2 Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 04/05/36 | 769025 | &nbsp;&nbsp;&nbsp; 729044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 07/05/34 | 540554 | &nbsp;&nbsp;&nbsp; 550957 |
| MTR Corp. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.050%, 09/20/54 (CNY) | 4650000 | &nbsp;&nbsp;&nbsp; 677576 |
| SNCF Reseau |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 05/25/30 (EUR) | 4100000 | &nbsp;&nbsp;&nbsp; 4343219 |
| Transnet SOC Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 02/06/28 | 1205000 | &nbsp;&nbsp;&nbsp; 1246843 |
|  |  | &nbsp;&nbsp;&nbsp; 8503085 |
| **Water — 0.5%** | **Water — 0.5%** | **Water — 0.5%** |
| Aegea Finance SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 01/20/36 (144A) | 280000 | &nbsp;&nbsp;&nbsp; 242712 |
| Anglian Water Services Financing PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 06/20/31 (GBP) | 225000 | &nbsp;&nbsp;&nbsp; 299176 |
| Holding d'Infrastructures des Metiers de l'Environnement SAS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 10/24/29 (EUR) | 180000 | &nbsp;&nbsp;&nbsp; 211326 |
| Suez SACA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/13/33 (EUR) | 500000 | &nbsp;&nbsp;&nbsp; 593123 |
| Veolia Environnement SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 09/21/32 (EUR) | 200000 | &nbsp;&nbsp;&nbsp; 201426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.324%, 06/17/32 (EUR) | 200000 | &nbsp;&nbsp;&nbsp; 225018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.322%, 5Y EUR Swap + 1.837%, 10/24/32 (EUR) (e) | 300000 | &nbsp;&nbsp;&nbsp; 336352 |
|  |  | &nbsp;&nbsp;&nbsp; 2109133 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $112,796,428) <br>|  | &nbsp;&nbsp;&nbsp; 112080701 |

---

**BHFTI-34**

------

**Brighthouse Funds Trust I**

**AB International Bond Portfolio**

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

**Asset-Backed Securities—1.3%**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Automobile — 0.2%** | **Asset-Backed - Automobile — 0.2%** | **Asset-Backed - Automobile — 0.2%** |
| Ally Bank Auto Credit-Linked Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.117%, 09/15/32 (144A) | 132661 | &nbsp;&nbsp;&nbsp; $133517 |
| BOF VII AL Funding Trust I |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.291%, 07/26/32 (144A) | 99293 | &nbsp;&nbsp;&nbsp; 100782 |
| PenFed Auto Receivables Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 06/15/29 (144A) | 137432 | &nbsp;&nbsp;&nbsp; 137813 |
| Securitized Term Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.038%, 07/25/31 (144A) | 98870 | &nbsp;&nbsp;&nbsp; 99545 |
| Tesla Auto Lease Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.110%, 08/21/28 (144A) | 386000 | &nbsp;&nbsp;&nbsp; 387895 |
|  |  | &nbsp;&nbsp;&nbsp; 859552 |
| **Asset-Backed - Other — 1.0%** | **Asset-Backed - Other — 1.0%** | **Asset-Backed - Other — 1.0%** |
| Affirm Asset Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.620%, 09/15/29 (144A) | 108000 | &nbsp;&nbsp;&nbsp; 108207 |
| AGL CLO 16 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.068%, 3M TSFR + 1.400%, 01/20/35 (144A) (e) | 375000 | &nbsp;&nbsp;&nbsp; 370864 |
| AGL CLO 17 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.070%, 3M TSFR + 1.400%, 01/21/35 (144A) (e) | 500000 | &nbsp;&nbsp;&nbsp; 494465 |
| Amur Equipment Finance Receivables XI LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 06/21/28 (144A) | 22404 | &nbsp;&nbsp;&nbsp; 22419 |
| Amur Equipment Finance Receivables XII LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.090%, 12/20/29 (144A) | 44266 | &nbsp;&nbsp;&nbsp; 44524 |
| Auxilior Term Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.180%, 12/15/28 (144A) | 44135 | &nbsp;&nbsp;&nbsp; 44231 |
| Capital Street Master Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.022%, SOFR30A + 1.350%, 10/16/28 (144A) (e) | 189362 | &nbsp;&nbsp;&nbsp; 189465 |
| Clarus Capital Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.790%, 08/20/32 (144A) | 102000 | &nbsp;&nbsp;&nbsp; 102226 |
| Clover CLO LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.118%, 3M TSFR + 1.450%, 01/25/35 (144A) (e) | 456364 | &nbsp;&nbsp;&nbsp; 452394 |
| Dell Equipment Finance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.820%, 08/22/30 (144A) | 250000 | &nbsp;&nbsp;&nbsp; 251477 |
| HINNT LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.490%, 03/15/43 (144A) | 89607 | &nbsp;&nbsp;&nbsp; 90659 |
| Lendmark Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.860%, 02/21/34 (144A) | 101000 | &nbsp;&nbsp;&nbsp; 100952 |
| M&T Equipment Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.990%, 08/18/31 (144A) | 59254 | &nbsp;&nbsp;&nbsp; 59368 |
| Magnetite XIX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.118%, 3M TSFR + 1.450%, 04/17/34 (144A) (e) | 272765 | &nbsp;&nbsp;&nbsp; 272122 |
| Neuberger Berman Loan Advisers CLO 46 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.168%, 3M TSFR + 1.500%, 01/20/37 (144A) (e) | 470000 | &nbsp;&nbsp;&nbsp; 469372 |
| NMEF Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 12/15/31 (144A) | 128858 | &nbsp;&nbsp;&nbsp; 129480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.570%, 06/17/30 (144A) | 43827 | &nbsp;&nbsp;&nbsp; 43961 |
| OCP CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.118%, 3M TSFR + 1.450%, 01/17/39 (144A) (e) | 360000 | &nbsp;&nbsp;&nbsp; 355460 |
| PEAC Solutions Receivables LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 07/20/32 (144A) | 126000 | &nbsp;&nbsp;&nbsp; 127532 |
| Sierra Timeshare Receivables Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.140%, 06/20/41 (144A) | 70666 | &nbsp;&nbsp;&nbsp; 71176 |
|  |  | &nbsp;&nbsp;&nbsp; 3800354 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Student Loan — 0.1%** | **Asset-Backed - Student Loan — 0.1%** | **Asset-Backed - Student Loan — 0.1%** |
| Nelnet Student Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.530%, 04/20/62 (144A) | 548158 | &nbsp;&nbsp;&nbsp; $486538 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities <br>(Cost $5,215,540) <br>|  | &nbsp;&nbsp;&nbsp; 5146444 |
| **Non-Agency Mortgage-Backed Securities—1.2%** | **Non-Agency Mortgage-Backed Securities—1.2%** | **Non-Agency Mortgage-Backed Securities—1.2%** |
| **Commercial Mortgage-Backed Securities — 1.2%** | **Commercial Mortgage-Backed Securities — 1.2%** | **Commercial Mortgage-Backed Securities — 1.2%** |
| BAMLL Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.523%, 1M TSFR + 1.850%, 02/15/42 (144A) (e) | 755000 | &nbsp;&nbsp;&nbsp; 751626 |
| BX Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.165%, 1M TSFR + 1.492%, 10/15/41 (144A) (e) | 256101 | &nbsp;&nbsp;&nbsp; 256341 |
| DTP Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.454%, 01/15/41 (144A) (e) | 144000 | &nbsp;&nbsp;&nbsp; 145634 |
| Great Wolf Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.215%, 1M TSFR + 1.542%, 03/15/39 (144A) (e) | 688000 | &nbsp;&nbsp;&nbsp; 687785 |
| HILT Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.214%, 1M TSFR + 1.541%, 05/15/37 (144A) (e) | 260000 | &nbsp;&nbsp;&nbsp; 259838 |
| JP Morgan Chase Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/15/47 (144A) (e) | 1500000 | &nbsp;&nbsp;&nbsp; 880770 |
| LV Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.764%, 10/10/41 (144A) (e) | 250000 | &nbsp;&nbsp;&nbsp; 251502 |
| NJ Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.481%, 01/06/29 (144A) (e) | 301751 | &nbsp;&nbsp;&nbsp; 312710 |
| ORL Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.165%, 1M TSFR + 1.493%, 12/15/39 (144A) (e) | 227270 | &nbsp;&nbsp;&nbsp; 227270 |
| SWCH Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.115%, 1M TSFR + 1.443%, 02/15/42 (144A) (e) | 675231 | &nbsp;&nbsp;&nbsp; 666791 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Non-Agency Mortgage-Backed Securities <br>(Cost $4,838,239) <br>|  | &nbsp;&nbsp;&nbsp; 4440267 |
| **Agency Sponsored Mortgage-Backed Securities—0.6%** | **Agency Sponsored Mortgage-Backed Securities—0.6%** | **Agency Sponsored Mortgage-Backed Securities—0.6%** |
| **Agency Collateralized Mortgage Obligations — 0.6%** | **Agency Collateralized Mortgage Obligations — 0.6%** | **Agency Collateralized Mortgage Obligations — 0.6%** |
| Federal Home Loan Mortgage Corp. STACR REMICS Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.862%, SOFR30A + 1.200%, 08/25/44 (144A) (e) | 240520 | &nbsp;&nbsp;&nbsp; 240627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.162%, SOFR30A + 1.500%, 10/25/41 (144A) (e) | 584909 | &nbsp;&nbsp;&nbsp; 585455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.761%, SOFR30A + 2.100%, 03/25/43 (144A) (e) | 191622 | &nbsp;&nbsp;&nbsp; 193414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.012%, SOFR30A + 4.350%, 04/25/42 (144A) (e) | 208229 | &nbsp;&nbsp;&nbsp; 214280 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal National Mortgage Association Connecticut Avenue <br> Securities Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.762%, SOFR30A + 1.100%, 01/25/45 (144A) (e) | 107514 | &nbsp;&nbsp;&nbsp; 107314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.212%, SOFR30A + 1.550%, 10/25/41 (144A) (e) | 28742 | &nbsp;&nbsp;&nbsp; 28761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.562%, SOFR30A + 1.900%, 06/25/43 (144A) (e) | 138802 | &nbsp;&nbsp;&nbsp; 139407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.876%, SOFR30A + 2.214%, 03/25/31 (e) | 810390 | &nbsp;&nbsp;&nbsp; 823991 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Agency Sponsored Mortgage-Backed Securities <br>(Cost $2,325,654) <br>|  | &nbsp;&nbsp;&nbsp; 2333249 |

---

**BHFTI-35**

------

**Brighthouse Funds Trust I**

**AB International Bond Portfolio**

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

**Short-Term Investments—1.3%**

&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—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 <br> on 04/01/26, with a maturity value of $4,994,155; <br> collateralized by U.S. Treasury Note at 3.625%, maturing <br> 08/31/27, with a market value of $5,093,800<br>| 4993808 | &nbsp;&nbsp;&nbsp; $4993808 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $4,993,808) <br>|  | &nbsp;&nbsp;&nbsp; 4993808 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (f)—0.1%** | **Securities Lending Reinvestments (f)—0.1%** | **Securities Lending Reinvestments (f)—0.1%** |
| **Short-Term Investment Funds—0.1%** | **Short-Term Investment Funds—0.1%** | **Short-Term Investment Funds—0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund, <br>Select Class 3.600% (g)<br>| 20000 | &nbsp;&nbsp;&nbsp; 20000 |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds FedFund, <br>Institutional Shares 3.550% (g)<br>| 20000 | &nbsp;&nbsp;&nbsp; 20000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (g)<br>| 20000 | &nbsp;&nbsp;&nbsp; 20000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Government Portfolio, <br>Class I 3.530% (g)<br>| 35000 | &nbsp;&nbsp;&nbsp; 35000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br>Institutional Shares 3.530% (g)<br>| 20000 | &nbsp;&nbsp;&nbsp; 20000 |
| &nbsp;&nbsp;&nbsp;&nbsp; HSBC U.S. Government Money Market Fund, <br>Class I 3.530% (g)<br>| 20000 | &nbsp;&nbsp;&nbsp; 20000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco STIT-Government & Agency Portfolio, <br>Institutional Class 3.580% (g)<br>| 20000 | &nbsp;&nbsp;&nbsp; 20000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares 3.580% (g)<br>| 20000 | &nbsp;&nbsp;&nbsp; 20000 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, <br>Premier Class 3.600% (g)<br>| 35000 | &nbsp;&nbsp;&nbsp; 35000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Asset Institutional Government Reserves Fund, <br>Institutional Class 3.560% (g)<br>| 20000 | &nbsp;&nbsp;&nbsp; 20000 |
|  |  | &nbsp;&nbsp;&nbsp; 230000 |

---

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

---

| | | |
|:---|:---|:---|
| **Repurchase Agreement—0.0%** | **Repurchase Agreement—0.0%** | **Repurchase Agreement—0.0%** |
| 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 $9,721; <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 $9,915<br>| 9720 | &nbsp;&nbsp;&nbsp; 9720 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $239,720) <br>|  | &nbsp;&nbsp;&nbsp; 239720 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—97.7% <br>(Cost $388,103,938) <br>|  | &nbsp;&nbsp;&nbsp; 375830068 |
| Other assets and liabilities (net)—2.3%  |  | &nbsp;&nbsp;&nbsp; 8946481 |
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $384776549 |

---

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

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

(a) Security is a "step up" bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate. 

(b) All or a portion of the security was held on loan. As of March 31, 2026, the market value of securities loaned was $6,396,797 and the collateral received consisted of cash in the amount of $239,720 and non-cash collateral with a value of $8,002,323. 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 <br> cannot be sold or repledged by the Portfolio.<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) | 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) | Represents investment of cash collateral received from securities on loan as of March 31, <br> 2026.<br>|
| (g) | 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> $79,558,876, which is 20.7% of net assets.<br>|

---

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

---

| | |
|:---|:---|
| **Country Diversification as of** <br>**March 31, 2026 (Unaudited)**<br>| **% of** <br>**Net Assets**<br>|
| Japan | 7.9 |
| United Kingdom | 7.7 |
| United States | 6.2 |
| France | 4.9 |
| Canada | 4.0 |
| Colombia | 3.8 |
| China | 3.6 |
| Brazil | 3.5 |
| South Africa | 3.3 |
| Turkey | 3.1 |

---

**BHFTI-36**

------

**Brighthouse Funds Trust I**

**AB International Bond 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>|
| AUD | &nbsp;&nbsp; 295945 | SSBT | 04/22/26 | USD | 210916 | &nbsp;&nbsp; $(6778)<br>|
| BRL | &nbsp;&nbsp; 1672860 | BBP | 04/02/26 | USD | 318559 | &nbsp;&nbsp; 4396 |
| BRL | &nbsp;&nbsp; 846030 | BBP | 05/05/26 | USD | 160432 | &nbsp;&nbsp; 1908 |
| BRL | &nbsp;&nbsp; 1557388 | BNP | 04/02/26 | USD | 296012 | &nbsp;&nbsp; 4651 |
| BRL | &nbsp;&nbsp; 1283833 | DBAG | 04/02/26 | USD | 244695 | &nbsp;&nbsp; 3157 |
| BRL | &nbsp;&nbsp; 970766 | HSBCU | 04/02/26 | USD | 185321 | &nbsp;&nbsp; 2091 |
| BRL | &nbsp;&nbsp; 2307662 | HSBCU | 04/02/26 | USD | 436111 | &nbsp;&nbsp; 9396 |
| BRL | &nbsp;&nbsp; 10961758 | HSBCU | 04/02/26 | USD | 2079241 | &nbsp;&nbsp; 36990 |
| BRL | &nbsp;&nbsp; 28099151 | HSBCU | 04/02/26 | USD | 5329885 | &nbsp;&nbsp; 94819 |
| CAD | &nbsp;&nbsp; 2298377 | MSCS | 04/17/26 | USD | 1676417 | &nbsp;&nbsp; (23047)<br>|
| CAD | &nbsp;&nbsp; 415168 | SSBT | 04/17/26 | USD | 303135 | &nbsp;&nbsp; (4478)<br>|
| CAD | &nbsp;&nbsp; 259047 | SSBT | 04/17/26 | USD | 190739 | &nbsp;&nbsp; (4390)<br>|
| CAD | &nbsp;&nbsp; 447373 | SSBT | 04/17/26 | USD | 325333 | &nbsp;&nbsp; (3508)<br>|
| CAD | &nbsp;&nbsp; 171414 | SSBT | 04/17/26 | USD | 125246 | &nbsp;&nbsp; (1937)<br>|
| CAD | &nbsp;&nbsp; 106579 | SSBT | 04/17/26 | USD | 78122 | &nbsp;&nbsp; (1453)<br>|
| CLP | &nbsp;&nbsp; 1678523333 | HSBCU | 05/14/26 | USD | 1838470 | &nbsp;&nbsp; (25175)<br>|
| CLP | &nbsp;&nbsp; 482174587 | HSBCU | 05/14/26 | USD | 528121 | &nbsp;&nbsp; (7232)<br>|
| COP | &nbsp;&nbsp; 1936163496 | BNP | 05/14/26 | USD | 512993 | &nbsp;&nbsp; 8755 |
| COP | &nbsp;&nbsp; 10415788154 | CBNA | 05/14/26 | USD | 2813367 | &nbsp;&nbsp; (6571)<br>|
| COP | &nbsp;&nbsp; 377667740 | CBNA | 05/14/26 | USD | 101701 | &nbsp;&nbsp; 71 |
| COP | &nbsp;&nbsp; 535482440 | CBNA | 05/14/26 | USD | 143446 | &nbsp;&nbsp; 854 |
| COP | &nbsp;&nbsp; 1169084470 | CBNA | 05/14/26 | USD | 313176 | &nbsp;&nbsp; 1864 |
| EUR | &nbsp;&nbsp; 444393 | BBP | 04/16/26 | USD | 512025 | &nbsp;&nbsp; 1967 |
| EUR | &nbsp;&nbsp; 486872 | CBNA | 04/16/26 | USD | 566272 | &nbsp;&nbsp; (3149)<br>|
| EUR | &nbsp;&nbsp; 719207 | MSCS | 04/16/26 | USD | 838495 | &nbsp;&nbsp; (6650)<br>|
| EUR | &nbsp;&nbsp; 436150 | MSCS | 04/16/26 | USD | 504752 | &nbsp;&nbsp; (295)<br>|
| EUR | &nbsp;&nbsp; 1429293 | SSBT | 04/16/26 | USD | 1694182 | &nbsp;&nbsp; (41041)<br>|
| EUR | &nbsp;&nbsp; 1333097 | SSBT | 04/16/26 | USD | 1577905 | &nbsp;&nbsp; (36025)<br>|
| EUR | &nbsp;&nbsp; 777748 | SSBT | 04/16/26 | USD | 925685 | &nbsp;&nbsp; (26131)<br>|
| EUR | &nbsp;&nbsp; 463219 | SSBT | 04/16/26 | USD | 550803 | &nbsp;&nbsp; (15038)<br>|
| EUR | &nbsp;&nbsp; 236379 | SSBT | 04/16/26 | USD | 279942 | &nbsp;&nbsp; (6542)<br>|
| EUR | &nbsp;&nbsp; 924836 | SSBT | 04/16/26 | USD | 1076178 | &nbsp;&nbsp; (6500)<br>|
| EUR | &nbsp;&nbsp; 189264 | SSBT | 04/16/26 | USD | 223829 | &nbsp;&nbsp; (4923)<br>|
| EUR | &nbsp;&nbsp; 895880 | SSBT | 04/16/26 | USD | 1038996 | &nbsp;&nbsp; (2808)<br>|
| EUR | &nbsp;&nbsp; 219531 | SSBT | 04/16/26 | USD | 253688 | &nbsp;&nbsp; 224 |
| EUR | &nbsp;&nbsp; 61776 | SSBT | 04/16/26 | USD | 71111 | &nbsp;&nbsp; 340 |
| EUR | &nbsp;&nbsp; 299006 | SSBT | 04/16/26 | USD | 345231 | &nbsp;&nbsp; 604 |
| EUR | &nbsp;&nbsp; 1244643 | SSBT | 04/16/26 | USD | 1438271 | &nbsp;&nbsp; 1301 |
| EUR | &nbsp;&nbsp; 201129 | SSBT | 04/16/26 | USD | 230549 | &nbsp;&nbsp; 2079 |
| EUR | &nbsp;&nbsp; 1143164 | UBSA | 04/16/26 | USD | 1351160 | &nbsp;&nbsp; (28959)<br>|
| GBP | &nbsp;&nbsp; 399049 | JPMC | 04/24/26 | USD | 534209 | &nbsp;&nbsp; (6044)<br>|
| GBP | &nbsp;&nbsp; 234561 | SSBT | 04/24/26 | USD | 314684 | &nbsp;&nbsp; (4229)<br>|
| GBP | &nbsp;&nbsp; 97654 | SSBT | 04/24/26 | USD | 129960 | &nbsp;&nbsp; (709)<br>|
| GBP | &nbsp;&nbsp; 126266 | SSBT | 04/24/26 | USD | 167239 | &nbsp;&nbsp; (119)<br>|
| INR | &nbsp;&nbsp; 96960247 | CBNA | 05/13/26 | USD | 1066423 | &nbsp;&nbsp; (48057)<br>|
| JPY | &nbsp;&nbsp; 342031574 | BNP | 04/10/26 | USD | 2209160 | &nbsp;&nbsp; (52558)<br>|
| JPY | &nbsp;&nbsp; 164113704 | HSBCU | 04/10/26 | USD | 1033546 | &nbsp;&nbsp; 1235 |
| JPY | &nbsp;&nbsp; 355665682 | JPMC | 04/10/26 | USD | 2285824 | &nbsp;&nbsp; (43255)<br>|
| JPY | &nbsp;&nbsp; 30104223 | SSBT | 04/10/26 | USD | 193232 | &nbsp;&nbsp; (3417)<br>|
| JPY | &nbsp;&nbsp; 4970525 | SSBT | 04/10/26 | USD | 32175 | &nbsp;&nbsp; (835)<br>|
| JPY | &nbsp;&nbsp; 60249750 | SSBT | 04/10/26 | USD | 379905 | &nbsp;&nbsp; (14)<br>|
| JPY | &nbsp;&nbsp; 3627728 | SSBT | 04/10/26 | USD | 22779 | &nbsp;&nbsp; 95 |
| JPY | &nbsp;&nbsp; 131636433 | SSBT | 04/10/26 | USD | 828304 | &nbsp;&nbsp; 1700 |
| MYR | &nbsp;&nbsp; 7725173 | GSI | 06/18/26 | USD | 1936328 | &nbsp;&nbsp; (24102)<br>|
| SEK | &nbsp;&nbsp; 10827353 | MSCS | 04/23/26 | USD | 1189447 | &nbsp;&nbsp; (44459)<br>|

---

**BHFTI-37**

------

**Brighthouse Funds Trust I**

**AB International Bond 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; 7351899 | SSBT | 05/22/26 | USD | 224820 | &nbsp;&nbsp; $(1028)<br>|
| ZAR | &nbsp;&nbsp; 34171430 | BNP | 04/24/26 | USD | 2049368 | &nbsp;&nbsp; (33235)<br>|
| ZAR | &nbsp;&nbsp; 8795835 | BNP | 04/24/26 | USD | 527879 | &nbsp;&nbsp; (8920)<br>|
| ZAR | &nbsp;&nbsp; 25665470 | HSBCU | 04/24/26 | USD | 1611666 | &nbsp;&nbsp; (97389)<br>|
| ZAR | &nbsp;&nbsp; 55531644 | MSCS | 04/24/26 | USD | 3476667 | &nbsp;&nbsp; (200270)<br>|

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contracts to Deliver** | **Contracts to Deliver** |  |  |  |  |  |
| AUD | &nbsp;&nbsp; 5683588 | MSCS | 04/22/26 | USD | 3942267 | &nbsp;&nbsp; 21818 |
| AUD | &nbsp;&nbsp; 60387 | SSBT | 04/22/26 | USD | 41967 | &nbsp;&nbsp; 313 |
| AUD | &nbsp;&nbsp; 196376 | SSBT | 04/22/26 | USD | 138984 | &nbsp;&nbsp; 3527 |
| AUD | &nbsp;&nbsp; 184090 | SSBT | 04/22/26 | USD | 130647 | &nbsp;&nbsp; 3665 |
| AUD | &nbsp;&nbsp; 647254 | SSBT | 04/22/26 | USD | 451508 | &nbsp;&nbsp; 5042 |
| AUD | &nbsp;&nbsp; 708838 | SSBT | 04/22/26 | USD | 495405 | &nbsp;&nbsp; 6460 |
| BRL | &nbsp;&nbsp; 10288760 | BOA | 04/02/26 | USD | 1987398 | &nbsp;&nbsp; 1094 |
| BRL | &nbsp;&nbsp; 1665531 | BBP | 04/02/26 | USD | 315751 | &nbsp;&nbsp; (5789)<br>|
| BRL | &nbsp;&nbsp; 4044571 | CBNA | 04/02/26 | USD | 781409 | &nbsp;&nbsp; 581 |
| BRL | &nbsp;&nbsp; 1284822 | DBAG | 04/02/26 | USD | 247760 | &nbsp;&nbsp; (282)<br>|
| BRL | &nbsp;&nbsp; 22652546 | DBAG | 04/02/26 | USD | 4380435 | &nbsp;&nbsp; 7230 |
| BRL | &nbsp;&nbsp; 6917187 | GSI | 04/02/26 | USD | 1333961 | &nbsp;&nbsp; (1442)<br>|
| BRL | &nbsp;&nbsp; 28099151 | HSBCU | 05/05/26 | USD | 5296730 | &nbsp;&nbsp; (95054)<br>|
| BRL | &nbsp;&nbsp; 10961758 | HSBCU | 05/05/26 | USD | 2066307 | &nbsp;&nbsp; (37082)<br>|
| CAD | &nbsp;&nbsp; 3123644 | CBNA | 04/17/26 | USD | 2283415 | &nbsp;&nbsp; 36378 |
| CAD | &nbsp;&nbsp; 18151538 | CBNA | 04/17/26 | USD | 13333179 | &nbsp;&nbsp; 275612 |
| CAD | &nbsp;&nbsp; 90768 | SSBT | 04/17/26 | USD | 66958 | &nbsp;&nbsp; 1663 |
| CAD | &nbsp;&nbsp; 201958 | SSBT | 04/17/26 | USD | 148802 | &nbsp;&nbsp; 3520 |
| CAD | &nbsp;&nbsp; 3336646 | SSBT | 04/17/26 | USD | 2445463 | &nbsp;&nbsp; 45199 |
| CNH | &nbsp;&nbsp; 108102088 | UBSA | 05/22/26 | USD | 15739027 | &nbsp;&nbsp; (11146)<br>|
| COP | &nbsp;&nbsp; 4103915892 | CBNA | 05/14/26 | USD | 1109091 | &nbsp;&nbsp; 3188 |
| COP | &nbsp;&nbsp; 8963731227 | CBNA | 05/14/26 | USD | 2422466 | &nbsp;&nbsp; 6963 |
| COP | &nbsp;&nbsp; 12602051438 | GSI | 05/14/26 | USD | 3319605 | &nbsp;&nbsp; (76335)<br>|
| EUR | &nbsp;&nbsp; 15187262 | CBNA | 04/16/26 | USD | 18225473 | &nbsp;&nbsp; 659668 |
| EUR | &nbsp;&nbsp; 22568665 | CBNA | 05/27/26 | USD | 26685573 | &nbsp;&nbsp; 532741 |
| EUR | &nbsp;&nbsp; 2628042 | MSCS | 04/16/26 | USD | 3153264 | &nbsp;&nbsp; 113633 |
| EUR | &nbsp;&nbsp; 12376034 | SCB | 04/22/26 | USD | 14672317 | &nbsp;&nbsp; 353909 |
| EUR | &nbsp;&nbsp; 19603644 | SSBT | 04/08/26 | USD | 22856251 | &nbsp;&nbsp; 191041 |
| EUR | &nbsp;&nbsp; 559030 | SSBT | 04/16/26 | USD | 640701 | &nbsp;&nbsp; (5882)<br>|
| EUR | &nbsp;&nbsp; 518985 | SSBT | 04/16/26 | USD | 598083 | &nbsp;&nbsp; (2183)<br>|
| EUR | &nbsp;&nbsp; 414891 | SSBT | 04/16/26 | USD | 479135 | &nbsp;&nbsp; (734)<br>|
| EUR | &nbsp;&nbsp; 460900 | SSBT | 04/16/26 | USD | 533626 | &nbsp;&nbsp; 543 |
| EUR | &nbsp;&nbsp; 61181 | SSBT | 04/16/26 | USD | 72671 | &nbsp;&nbsp; 1908 |
| EUR | &nbsp;&nbsp; 202044 | SSBT | 04/16/26 | USD | 236970 | &nbsp;&nbsp; 3284 |
| EUR | &nbsp;&nbsp; 122503 | SSBT | 04/16/26 | USD | 145268 | &nbsp;&nbsp; 3579 |
| EUR | &nbsp;&nbsp; 709109 | SSBT | 04/16/26 | USD | 824413 | &nbsp;&nbsp; 4248 |
| EUR | &nbsp;&nbsp; 183788 | SSBT | 04/16/26 | USD | 217197 | &nbsp;&nbsp; 4625 |
| EUR | &nbsp;&nbsp; 245601 | SSBT | 04/16/26 | USD | 289712 | &nbsp;&nbsp; 5647 |
| EUR | &nbsp;&nbsp; 549801 | SSBT | 04/16/26 | USD | 642020 | &nbsp;&nbsp; 6112 |
| EUR | &nbsp;&nbsp; 687200 | SSBT | 04/16/26 | USD | 801046 | &nbsp;&nbsp; 6221 |
| EUR | &nbsp;&nbsp; 218696 | SSBT | 04/16/26 | USD | 259934 | &nbsp;&nbsp; 6987 |
| EUR | &nbsp;&nbsp; 282497 | SSBT | 04/16/26 | USD | 334139 | &nbsp;&nbsp; 7400 |
| EUR | &nbsp;&nbsp; 206949 | SSBT | 04/16/26 | USD | 247406 | &nbsp;&nbsp; 8045 |
| EUR | &nbsp;&nbsp; 387727 | SSBT | 04/16/26 | USD | 461075 | &nbsp;&nbsp; 12625 |
| EUR | &nbsp;&nbsp; 378652 | SSBT | 04/16/26 | USD | 451981 | &nbsp;&nbsp; 14026 |
| GBP | &nbsp;&nbsp; 2074039 | BNP | 04/24/26 | USD | 2764726 | &nbsp;&nbsp; 19609 |
| GBP | &nbsp;&nbsp; 18535381 | GSI | 04/24/26 | USD | 25061207 | &nbsp;&nbsp; 528507 |
| GBP | &nbsp;&nbsp; 77570 | SSBT | 04/24/26 | USD | 103079 | &nbsp;&nbsp; 410 |
| GBP | &nbsp;&nbsp; 52890 | SSBT | 04/24/26 | USD | 70462 | &nbsp;&nbsp; 459 |
| GBP | &nbsp;&nbsp; 355522 | SSBT | 04/24/26 | USD | 472374 | &nbsp;&nbsp; 1819 |

---

**BHFTI-38**

------

**Brighthouse Funds Trust I**

**AB International Bond 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>|
| GBP | &nbsp;&nbsp; 161305 | SSBT | 04/24/26 | USD | 216493 | &nbsp;&nbsp; $2997 |
| GBP | &nbsp;&nbsp; 251485 | SSBT | 04/24/26 | USD | 339502 | &nbsp;&nbsp; 6646 |
| HUF | &nbsp;&nbsp; 568891444 | CBNA | 05/20/26 | USD | 1693590 | &nbsp;&nbsp; (11382)<br>|
| HUF | &nbsp;&nbsp; 211056988 | SSBT | 05/20/26 | USD | 630123 | &nbsp;&nbsp; (2417)<br>|
| IDR | &nbsp;&nbsp; 4256560730 | SCB | 04/23/26 | USD | 251124 | &nbsp;&nbsp; 760 |
| IDR | &nbsp;&nbsp; 71907909243 | UBSA | 04/23/26 | USD | 4257148 | &nbsp;&nbsp; 27636 |
| INR | &nbsp;&nbsp; 96325378 | SCB | 05/13/26 | USD | 1042601 | &nbsp;&nbsp; 30903 |
| JPY | &nbsp;&nbsp; 2007252890 | BOA | 04/10/26 | USD | 12784822 | &nbsp;&nbsp; 128546 |
| JPY | &nbsp;&nbsp; 2776544905 | DBAG | 05/27/26 | USD | 17697614 | &nbsp;&nbsp; 121518 |
| JPY | &nbsp;&nbsp; 645369620 | MSCS | 04/10/26 | USD | 4112523 | &nbsp;&nbsp; 43291 |
| JPY | &nbsp;&nbsp; 8360476 | SSBT | 04/10/26 | USD | 52834 | &nbsp;&nbsp; 119 |
| JPY | &nbsp;&nbsp; 26993303 | SSBT | 04/10/26 | USD | 173107 | &nbsp;&nbsp; 2907 |
| JPY | &nbsp;&nbsp; 26612441 | SSBT | 04/10/26 | USD | 173795 | &nbsp;&nbsp; 5996 |
| JPY | &nbsp;&nbsp; 46296440 | SSBT | 04/10/26 | USD | 303277 | &nbsp;&nbsp; 11366 |
| JPY | &nbsp;&nbsp; 82388529 | SSBT | 04/10/26 | USD | 541973 | &nbsp;&nbsp; 22491 |
| KRW | &nbsp;&nbsp; 2353563549 | HSBCU | 04/14/26 | USD | 1630084 | &nbsp;&nbsp; 92952 |
| MXN | &nbsp;&nbsp; 16756522 | SSBT | 05/21/26 | USD | 947249 | &nbsp;&nbsp; 15891 |
| MYR | &nbsp;&nbsp; 7700738 | MSCS | 06/18/26 | USD | 1953659 | &nbsp;&nbsp; 47482 |
| NZD | &nbsp;&nbsp; 144565 | SSBT | 04/22/26 | USD | 86152 | &nbsp;&nbsp; 3023 |
| PEN | &nbsp;&nbsp; 1904589 | MSCS | 05/14/26 | USD | 543857 | &nbsp;&nbsp; (2319)<br>|
| PEN | &nbsp;&nbsp; 1428990 | MSCS | 05/14/26 | USD | 408050 | &nbsp;&nbsp; (1740)<br>|
| PEN | &nbsp;&nbsp; 3658536 | SCB | 05/14/26 | USD | 1048291 | &nbsp;&nbsp; (863)<br>|
| PEN | &nbsp;&nbsp; 1263123 | SCB | 05/14/26 | USD | 362810 | &nbsp;&nbsp; 586 |
| PLN | &nbsp;&nbsp; 2320267 | SSBT | 05/20/26 | USD | 628792 | &nbsp;&nbsp; 3834 |
| SEK | &nbsp;&nbsp; 10843444 | CBNA | 04/23/26 | USD | 1219052 | &nbsp;&nbsp; 72362 |
| THB | &nbsp;&nbsp; 102744603 | SSBT | 05/22/26 | USD | 3241308 | &nbsp;&nbsp; 113749 |
| ZAR | &nbsp;&nbsp; 30589326 | BNP | 04/24/26 | USD | 1915093 | &nbsp;&nbsp; 110306 |
| ZAR | &nbsp;&nbsp; 63504448 | GSI | 04/24/26 | USD | 3948499 | &nbsp;&nbsp; 201703 |
| ZAR | &nbsp;&nbsp; 13803068 | HSBCU | 04/24/26 | USD | 864655 | &nbsp;&nbsp; 50267 |
| ZAR | &nbsp;&nbsp; 11805157 | JPMC | 04/24/26 | USD | 734006 | &nbsp;&nbsp; 37495 |
| ZAR | &nbsp;&nbsp; 11359044 | SSBT | 04/24/26 | USD | 666122 | &nbsp;&nbsp; (4068)<br>|
| ZAR | &nbsp;&nbsp; 4201799 | SSBT | 04/24/26 | USD | 246428 | &nbsp;&nbsp; (1481)<br>|
| ZAR | &nbsp;&nbsp; 6074813 | SSBT | 04/24/26 | USD | 361151 | &nbsp;&nbsp; 2733 |
| ZAR | &nbsp;&nbsp; 10925649 | SSBT | 04/24/26 | USD | 649931 | &nbsp;&nbsp; 5312 |
| ZAR | &nbsp;&nbsp; 16422504 | SSBT | 04/24/26 | USD | 976326 | &nbsp;&nbsp; 7390 |
| ZAR | &nbsp;&nbsp; 15832310 | SSBT | 04/24/26 | USD | 941813 | &nbsp;&nbsp; 7698 |

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Cross Currency** <br> **Contracts to Buy** | **Cross Currency** <br> **Contracts to Buy** |  |  |  |  |
| AUD | &nbsp;&nbsp; 2972011 | GSI | 04/17/26<br> CAD | 2864486 | &nbsp;&nbsp; (10447)<br>|
| Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | &nbsp;&nbsp; $3163839 |

---

**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 3 Year Treasury Bond Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; 31 | AUD | 3213302 | &nbsp;&nbsp;&nbsp; $(10430)<br>|
| Australian 10 Year Treasury Bond Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; 34 | AUD | 3663629 | &nbsp;&nbsp;&nbsp; (19670)<br>|
| Canada Government Bond 5 Year Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; 79 | CAD | 8965710 | &nbsp;&nbsp;&nbsp; 11073 |
| Euro-Bobl Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; 16 | EUR | 1846880 | &nbsp;&nbsp;&nbsp; (30404)<br>|
| Euro-BTP Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; 30 | EUR | 3488400 | &nbsp;&nbsp;&nbsp; (26964)<br>|
| Euro-Buxl 30 Year Bond Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; 10 | EUR | 1102600 | &nbsp;&nbsp;&nbsp; (12956)<br>|
| Euro-OAT Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; 8 | EUR | 949520 | &nbsp;&nbsp;&nbsp; 2488 |

---

**BHFTI-39**

------

**Brighthouse Funds Trust I**

**AB International Bond 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>|
| Japanese Government 10 Year Bond Mini Futures | &nbsp;&nbsp;&nbsp; 06/12/26 | &nbsp;&nbsp;&nbsp; 7 | JPY | 91315000 | &nbsp;&nbsp;&nbsp; $(6238)<br>|
| U.K. Long Gilt Bond Futures | &nbsp;&nbsp;&nbsp; 06/26/26 | &nbsp;&nbsp;&nbsp; 22 | GBP | 1931380 | &nbsp;&nbsp;&nbsp; (76226)<br>|
| U.S. Treasury Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 13 | USD | 1480375 | &nbsp;&nbsp;&nbsp; (45621)<br>|
| U.S. Treasury Note 5 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; 432 | USD | 46733625 | &nbsp;&nbsp;&nbsp; (208997)<br>|
| U.S. Treasury Ultra Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 50 | USD | 5828125 | &nbsp;&nbsp;&nbsp; (129361)<br>|

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Short** |  |  |  |  |  |
| Canada Government Bond 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; (40)<br>| CAD | (4800400)<br>| &nbsp;&nbsp;&nbsp; 69241 |
| Euro-Bund Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; (19)<br>| EUR | (2382410)<br>| &nbsp;&nbsp;&nbsp; (15856)<br>|
| U.S. Treasury Note 2 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; (28)<br>| USD | (5808469)<br>| &nbsp;&nbsp;&nbsp; 17026 |
| U.S. Treasury Note Ultra 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (17)<br>| USD | (1929766)<br>| &nbsp;&nbsp;&nbsp; (3118)<br>|
| Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | &nbsp;&nbsp;&nbsp; $(486013)<br>|

---

**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 | 1-Day CDI | Maturity | 12.490<br> %<br>| Maturity | 01/02/29 | BRL | 19666000 | &nbsp;&nbsp; $(83514)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(83514)<br>|
| Pay | 1-Day CDI | Maturity | 12.555<br> %<br>| Maturity | 01/02/29 | BRL | 19666000 | &nbsp;&nbsp; (78639)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (78639)<br>|
| Pay | 1-Day CDI | Maturity | 12.618<br> %<br>| Maturity | 01/02/29 | BRL | 53449000 | &nbsp;&nbsp; (213234)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (213234)<br>|
| Pay | 1-Day CDI | Maturity | 12.682<br> %<br>| Maturity | 01/02/29 | BRL | 23178000 | &nbsp;&nbsp; (86988)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (86988)<br>|
| Pay | 1-Day CDI | Maturity | 13.020<br> %<br>| Maturity | 01/02/29 | BRL | 20650000 | &nbsp;&nbsp; (47685)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (47685)<br>|
| Pay | 1-Day CDI | Maturity | 13.185<br> %<br>| Maturity | 01/02/31 | BRL | 20015293 | &nbsp;&nbsp; (53404)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (53404)<br>|
| Pay | 1-Day CDI | Maturity | 13.220<br> %<br>| Maturity | 01/02/29 | BRL | 22451630 | &nbsp;&nbsp; (35378)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (35378)<br>|
| Pay | 1-Day CDI | Maturity | 13.500<br> %<br>| Maturity | 01/02/31 | BRL | 15978715 | &nbsp;&nbsp; (17250)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (17250)<br>|
| Pay | 1-Day CDI | Maturity | 13.500<br> %<br>| Maturity | 01/02/31 | BRL | 4383000 | &nbsp;&nbsp; (4756)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (4756)<br>|
| Pay | 1-Day CDI | Maturity | 13.828<br> %<br>| Maturity | 01/02/29 | BRL | 67582000 | &nbsp;&nbsp; 38243 | &nbsp;&nbsp; — | &nbsp;&nbsp; 38243 |
| Pay | 1-Day CDI | Maturity | 13.993<br> %<br>| Maturity | 01/02/29 | BRL | 10840000 | &nbsp;&nbsp; 12596 | &nbsp;&nbsp; — | &nbsp;&nbsp; 12596 |
| Pay | 3M NZDBB | Quarterly | 4.153<br> %<br>| Quarterly | 03/19/35 | NZD | 3204000 | &nbsp;&nbsp; (14610)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (14610)<br>|
| Pay | 3M NZDBB | Quarterly | 4.155<br> %<br>| Quarterly | 03/19/35 | NZD | 1626000 | &nbsp;&nbsp; (7240)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (7240)<br>|
| Pay | 7-Day CNRR | Quarterly | 1.570<br> %<br>| Quarterly | 02/20/30 | CNY | 53440000 | &nbsp;&nbsp; 530 | &nbsp;&nbsp; — | &nbsp;&nbsp; 530 |
| Pay | 7-Day CNRR | Quarterly | 1.583<br> %<br>| Quarterly | 04/03/30 | CNY | 16879000 | &nbsp;&nbsp; 951 | &nbsp;&nbsp; — | &nbsp;&nbsp; 951 |
| Pay | 7-Day CNRR | Quarterly | 1.591<br> %<br>| Quarterly | 04/03/30 | CNY | 18231000 | &nbsp;&nbsp; 1847 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1847 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $(588531)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(588531)<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>|
| ITRX.AUS.45.V1 | (1.000%) | &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/20/31 | &nbsp;&nbsp; 0.915% | &nbsp;&nbsp; USD | 3110000 | &nbsp;&nbsp; $(11703) | &nbsp;&nbsp; $(19508) | &nbsp;&nbsp; $7805 |

---

**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.46.V1 | 5.000% | &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/20/31 | &nbsp;&nbsp; 3.857% | &nbsp;&nbsp; USD | 2060000 | &nbsp;&nbsp; $98956 | &nbsp;&nbsp; $86474 | &nbsp;&nbsp; $12482 |
| CDX.NA.IG.46.V1 | 1.000% | &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/20/31 | &nbsp;&nbsp; 0.631% | &nbsp;&nbsp; USD | 3110000 | &nbsp;&nbsp;&nbsp; 53632 | &nbsp;&nbsp;&nbsp; 52190 | &nbsp;&nbsp;&nbsp; 1442 |

---

**BHFTI-40**

------

**Brighthouse Funds Trust I**

**AB International Bond Portfolio**

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

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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>|
| ITRX.EUR.XOVER.45.V1 | 5.000% | &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/20/31 | &nbsp;&nbsp; 3.529% | &nbsp;&nbsp; EUR | 1970000 | &nbsp;&nbsp; $142546 | &nbsp;&nbsp; $133808 | &nbsp;&nbsp; $8738 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $295134 | &nbsp;&nbsp; $272472 | &nbsp;&nbsp; $22662 |

---

&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 Foreign Government\* | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $246595879 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $246595879 |
| Total Corporate Bonds & Notes\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 112080701 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 112080701 |
| Total Asset-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5146444 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5146444 |
| Total Non-Agency Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4440267 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4440267 |
| Total Agency Sponsored Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2333249 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2333249 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4993808 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4993808 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 230000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9720 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9720 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp;&nbsp; 9720 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 239720 |
| Total Investments | &nbsp;&nbsp;&nbsp; $230000 | &nbsp;&nbsp;&nbsp; $375600068 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $375830068 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(239720)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(239720)<br>|
| Forward Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $4265755 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $4265755 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (1101916)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (1101916)<br>|
| Total Forward Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $3163839 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $3163839 |
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $99828 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $99828 |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; (585841)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (585841)<br>|
| Total Futures Contracts | &nbsp;&nbsp;&nbsp; $(486013)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(486013)<br>|
| Centrally Cleared Swap Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Swap Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $84634 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $84634 |
| &nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Swap Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (642698)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (642698)<br>|
| Total Centrally Cleared Swap Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(558064)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(558064)<br>|

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-41**

------

**Brighthouse Funds Trust I**

**Allspring Mid Cap Value 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 — 2.8%** | **Aerospace & Defense — 2.8%** | **Aerospace & Defense — 2.8%** |
| L3Harris Technologies, Inc.  | 6529 | &nbsp;&nbsp;&nbsp; $2253485 |
| StandardAero, Inc. (a) | 228428 | &nbsp;&nbsp;&nbsp; 5900295 |
|  |  | &nbsp;&nbsp;&nbsp; 8153780 |
| **Automobile Components — 1.3%** | **Automobile Components — 1.3%** | **Automobile Components — 1.3%** |
| Aptiv PLC (a) (b) | 52699 | &nbsp;&nbsp;&nbsp; 3659418 |
| **Banks — 4.3%** | **Banks — 4.3%** | **Banks — 4.3%** |
| Fifth Third Bancorp (b) | 146514 | &nbsp;&nbsp;&nbsp; 6807040 |
| First Citizens BancShares, Inc. - Class A (b) | 1480 | &nbsp;&nbsp;&nbsp; 2789297 |
| Regions Financial Corp.  | 109381 | &nbsp;&nbsp;&nbsp; 2857032 |
|  |  | &nbsp;&nbsp;&nbsp; 12453369 |
| **Beverages — 2.9%** | **Beverages — 2.9%** | **Beverages — 2.9%** |
| Keurig Dr. Pepper, Inc. (b) | 232835 | &nbsp;&nbsp;&nbsp; 6130546 |
| Primo Brands Corp. (b) | 114634 | &nbsp;&nbsp;&nbsp; 2158558 |
|  |  | &nbsp;&nbsp;&nbsp; 8289104 |
| **Building Products — 1.1%** | **Building Products — 1.1%** | **Building Products — 1.1%** |
| Carlisle Cos., Inc. (b) | 5877 | &nbsp;&nbsp;&nbsp; 1960685 |
| Owens Corning | 11965 | &nbsp;&nbsp;&nbsp; 1294852 |
|  |  | &nbsp;&nbsp;&nbsp; 3255537 |
| **Chemicals — 3.5%** | **Chemicals — 3.5%** | **Chemicals — 3.5%** |
| Eastman Chemical Co.  | 45433 | &nbsp;&nbsp;&nbsp; 3467447 |
| RPM International, Inc.  | 66636 | &nbsp;&nbsp;&nbsp; 6623618 |
|  |  | &nbsp;&nbsp;&nbsp; 10091065 |
| **Commercial Services & Supplies — 3.2%** | **Commercial Services & Supplies — 3.2%** | **Commercial Services & Supplies — 3.2%** |
| Copart, Inc. (a) | 31768 | &nbsp;&nbsp;&nbsp; 1054697 |
| Republic Services, Inc.  | 36987 | &nbsp;&nbsp;&nbsp; 8100893 |
|  |  | &nbsp;&nbsp;&nbsp; 9155590 |
| **Construction & Engineering — 0.8%** | **Construction & Engineering — 0.8%** | **Construction & Engineering — 0.8%** |
| API Group Corp. (a) | 60790 | &nbsp;&nbsp;&nbsp; 2463211 |
| **Construction Materials — 3.1%** | **Construction Materials — 3.1%** | **Construction Materials — 3.1%** |
| Amrize Ltd. (a) | 58241 | &nbsp;&nbsp;&nbsp; 3262661 |
| Vulcan Materials Co.  | 21288 | &nbsp;&nbsp;&nbsp; 5796722 |
|  |  | &nbsp;&nbsp;&nbsp; 9059383 |
| **Containers & Packaging — 1.1%** | **Containers & Packaging — 1.1%** | **Containers & Packaging — 1.1%** |
| Graphic Packaging Holding Co.  | 314061 | &nbsp;&nbsp;&nbsp; 3121766 |
| **Electric Utilities — 6.5%** | **Electric Utilities — 6.5%** | **Electric Utilities — 6.5%** |
| American Electric Power Co., Inc.  | 75401 | &nbsp;&nbsp;&nbsp; 9883563 |
| FirstEnergy Corp.  | 175287 | &nbsp;&nbsp;&nbsp; 8880040 |
|  |  | &nbsp;&nbsp;&nbsp; 18763603 |
| **Electronic Equipment, Instruments & Components — 5.7%** | **Electronic Equipment, Instruments & Components — 5.7%** | **Electronic Equipment, Instruments & Components — 5.7%** |
| CDW Corp.  | 43851 | &nbsp;&nbsp;&nbsp; 5306848 |
| Keysight Technologies, Inc. (a) | 35047 | &nbsp;&nbsp;&nbsp; 9896221 |
| Novanta, Inc. (a) | 11725 | &nbsp;&nbsp;&nbsp; 1384840 |
|  |  | &nbsp;&nbsp;&nbsp; 16587909 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Energy Equipment & Services — 2.7%** | **Energy Equipment & Services — 2.7%** | **Energy Equipment & Services — 2.7%** |
| Baker Hughes Co.  | 130272 | &nbsp;&nbsp;&nbsp; $7953106 |
| **Ground Transportation — 3.4%** | **Ground Transportation — 3.4%** | **Ground Transportation — 3.4%** |
| Canadian Pacific Kansas City Ltd.  | 69350 | &nbsp;&nbsp;&nbsp; 5455071 |
| Knight-Swift Transportation Holdings, Inc. (b) | 77115 | &nbsp;&nbsp;&nbsp; 4440282 |
|  |  | &nbsp;&nbsp;&nbsp; 9895353 |
| **Health Care Equipment & Supplies — 1.9%** | **Health Care Equipment & Supplies — 1.9%** | **Health Care Equipment & Supplies — 1.9%** |
| Alcon AG (b) | 73465 | &nbsp;&nbsp;&nbsp; 5535588 |
| **Health Care Providers & Services — 3.2%** | **Health Care Providers & Services — 3.2%** | **Health Care Providers & Services — 3.2%** |
| Labcorp Holdings, Inc.  | 34920 | &nbsp;&nbsp;&nbsp; 9317005 |
| **Household Durables — 1.9%** | **Household Durables — 1.9%** | **Household Durables — 1.9%** |
| DR Horton, Inc.  | 10461 | &nbsp;&nbsp;&nbsp; 1435458 |
| Somnigroup International, Inc. (b) | 53827 | &nbsp;&nbsp;&nbsp; 3978892 |
|  |  | &nbsp;&nbsp;&nbsp; 5414350 |
| **Household Products — 2.8%** | **Household Products — 2.8%** | **Household Products — 2.8%** |
| Church & Dwight Co., Inc.  | 87644 | &nbsp;&nbsp;&nbsp; 8178938 |
| **Insurance — 5.0%** | **Insurance — 5.0%** | **Insurance — 5.0%** |
| Arch Capital Group Ltd. (a) | 63340 | &nbsp;&nbsp;&nbsp; 6080006 |
| Brown & Brown, Inc. (b) | 45838 | &nbsp;&nbsp;&nbsp; 2989096 |
| Loews Corp.  | 49959 | &nbsp;&nbsp;&nbsp; 5332624 |
|  |  | &nbsp;&nbsp;&nbsp; 14401726 |
| **IT Services — 1.4%** | **IT Services — 1.4%** | **IT Services — 1.4%** |
| Okta, Inc. (a) | 51364 | &nbsp;&nbsp;&nbsp; 4042860 |
| **Life Sciences Tools & Services — 4.7%** | **Life Sciences Tools & Services — 4.7%** | **Life Sciences Tools & Services — 4.7%** |
| Charles River Laboratories International, Inc. (a) | 33128 | &nbsp;&nbsp;&nbsp; 5714580 |
| Qiagen NV | 45506 | &nbsp;&nbsp;&nbsp; 1822060 |
| Revvity, Inc. (b) | 39538 | &nbsp;&nbsp;&nbsp; 3463924 |
| Waters Corp. (a) | 8706 | &nbsp;&nbsp;&nbsp; 2592647 |
|  |  | &nbsp;&nbsp;&nbsp; 13593211 |
| **Machinery — 5.6%** | **Machinery — 5.6%** | **Machinery — 5.6%** |
| Donaldson Co., Inc.  | 16340 | &nbsp;&nbsp;&nbsp; 1386776 |
| Gates Industrial Corp. PLC (a) (b) | 226426 | &nbsp;&nbsp;&nbsp; 5119492 |
| Ingersoll Rand, Inc. (b) | 24543 | &nbsp;&nbsp;&nbsp; 1966385 |
| Mueller Industries, Inc.  | 22978 | &nbsp;&nbsp;&nbsp; 2545962 |
| Toro Co.  | 55465 | &nbsp;&nbsp;&nbsp; 5182650 |
|  |  | &nbsp;&nbsp;&nbsp; 16201265 |
| **Media — 0.1%** | **Media — 0.1%** | **Media — 0.1%** |
| NIQ Global Intelligence PLC (a) (b) | 18201 | &nbsp;&nbsp;&nbsp; 206945 |
| **Metals & Mining — 1.9%** | **Metals & Mining — 1.9%** | **Metals & Mining — 1.9%** |
| Freeport-McMoRan, Inc.  | 65437 | &nbsp;&nbsp;&nbsp; 3846387 |
| Nucor Corp.  | 9589 | &nbsp;&nbsp;&nbsp; 1621500 |
|  |  | &nbsp;&nbsp;&nbsp; 5467887 |
| **Mortgage Real Estate Investment Trusts — 1.8%** | **Mortgage Real Estate Investment Trusts — 1.8%** | **Mortgage Real Estate Investment Trusts — 1.8%** |
| Annaly Capital Management, Inc. (b) | 240912 | &nbsp;&nbsp;&nbsp; 5095289 |

---

**BHFTI-42**

------

**Brighthouse Funds Trust I**

**Allspring Mid Cap Value Portfolio**

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

**Common Stocks—(Continued)**

**Short-Term Investments—2.2%**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Oil, Gas & Consumable Fuels — 5.8%** | **Oil, Gas & Consumable Fuels — 5.8%** | **Oil, Gas & Consumable Fuels — 5.8%** |
| EOG Resources, Inc.  | 38042 | &nbsp;&nbsp;&nbsp; $5499732 |
| EQT Corp.  | 93933 | &nbsp;&nbsp;&nbsp; 5977896 |
| Valero Energy Corp.  | 21838 | &nbsp;&nbsp;&nbsp; 5395733 |
|  |  | &nbsp;&nbsp;&nbsp; 16873361 |
| **Professional Services — 2.7%** | **Professional Services — 2.7%** | **Professional Services — 2.7%** |
| Booz Allen Hamilton Holding Corp. (b) | 48667 | &nbsp;&nbsp;&nbsp; 3797486 |
| Jacobs Solutions, Inc.  | 30761 | &nbsp;&nbsp;&nbsp; 3915260 |
|  |  | &nbsp;&nbsp;&nbsp; 7712746 |
| **Real Estate Management & Development — 1.2%** | **Real Estate Management & Development — 1.2%** | **Real Estate Management & Development — 1.2%** |
| CBRE Group, Inc. - Class A (a) | 26774 | &nbsp;&nbsp;&nbsp; 3626806 |
| **Semiconductors & Semiconductor Equipment — 6.6%** | **Semiconductors & Semiconductor Equipment — 6.6%** | **Semiconductors & Semiconductor Equipment — 6.6%** |
| ON Semiconductor Corp. (a) (b) | 96561 | &nbsp;&nbsp;&nbsp; 5979057 |
| Qnity Electronics, Inc. - Class W/I | 63703 | &nbsp;&nbsp;&nbsp; 7350052 |
| Teradyne, Inc.  | 19233 | &nbsp;&nbsp;&nbsp; 5701815 |
|  |  | &nbsp;&nbsp;&nbsp; 19030924 |
| **Specialized REITs — 1.6%** | **Specialized REITs — 1.6%** | **Specialized REITs — 1.6%** |
| Weyerhaeuser Co.  | 187148 | &nbsp;&nbsp;&nbsp; 4572026 |
| **Specialty Retail — 1.7%** | **Specialty Retail — 1.7%** | **Specialty Retail — 1.7%** |
| AutoZone, Inc. (a) | 1461 | &nbsp;&nbsp;&nbsp; 4934937 |
| **Textiles, Apparel & Luxury Goods — 1.0%** | **Textiles, Apparel & Luxury Goods — 1.0%** | **Textiles, Apparel & Luxury Goods — 1.0%** |
| PVH Corp. (b) | 40763 | &nbsp;&nbsp;&nbsp; 2843627 |
| **Trading Companies & Distributors — 2.6%** | **Trading Companies & Distributors — 2.6%** | **Trading Companies & Distributors — 2.6%** |
| AerCap Holdings NV | 36609 | &nbsp;&nbsp;&nbsp; 5022023 |
| WESCO International, Inc.  | 9594 | &nbsp;&nbsp;&nbsp; 2625110 |
|  |  | &nbsp;&nbsp;&nbsp; 7647133 |
| **Water Utilities — 2.0%** | **Water Utilities — 2.0%** | **Water Utilities — 2.0%** |
| American Water Works Co., Inc. (b) | 42701 | &nbsp;&nbsp;&nbsp; 5811179 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $237,730,022) <br>|  | &nbsp;&nbsp;&nbsp; 283409997 |
| **Warrants—0.0%** | **Warrants—0.0%** | **Warrants—0.0%** |
| **Special Purpose Acquisition Companies — 0.0%** | **Special Purpose Acquisition Companies — 0.0%** | **Special Purpose Acquisition Companies — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Pershing Square Holdings Ltd., Expires 07/24/27 (a) (c) (d) <br>(Cost $175,712)<br>| 30257 | &nbsp;&nbsp;&nbsp; 0 |
| **Escrow Shares—0.0%** | **Escrow Shares—0.0%** | **Escrow Shares—0.0%** |
| **Special Purpose Acquisition Companies — 0.0%** | **Special Purpose Acquisition Companies — 0.0%** | **Special Purpose Acquisition Companies — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Pershing Square Tontine Holdings Ltd. (a) (c) (d) <br>(Cost $0)<br>| 277348 | &nbsp;&nbsp;&nbsp; 0 |
| **Rights—0.0%** | **Rights—0.0%** | **Rights—0.0%** |
| **Special Purpose Acquisition Companies — 0.0%** | **Special Purpose Acquisition Companies — 0.0%** | **Special Purpose Acquisition Companies — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Pershing Square Holdings Ltd. (a) <br>(Cost $0)<br>| 84465 | &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—2.2%** | **Repurchase Agreement—2.2%** | **Repurchase Agreement—2.2%** |
| 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 $6,433,720; collateralized <br> by U.S. Treasury Note at 3.625%, maturing 08/31/27, with a <br> market value of $6,562,048<br>| 6433274 | &nbsp;&nbsp;&nbsp; $6433274 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $6,433,274) <br>|  | &nbsp;&nbsp;&nbsp; 6433274 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (e)—15.1%** | **Securities Lending Reinvestments (e)—15.1%** | **Securities Lending Reinvestments (e)—15.1%** |
| **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% (f)<br>| 500000 | &nbsp;&nbsp;&nbsp; 500000 |

---

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

---

| | | |
|:---|:---|:---|
| **Certificate of Deposit—0.3%** | **Certificate of Deposit—0.3%** | **Certificate of Deposit—0.3%** |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.980%, SOFR + 0.350%, 05/14/26 (g) | 1000000 | &nbsp;&nbsp;&nbsp; 999999 |
| **Repurchase Agreements—13.2%** | **Repurchase Agreements—13.2%** | **Repurchase Agreements—13.2%** |
| 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 $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 $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 $5,300,555; collateralized <br> by various Common Stock with an aggregate market value of <br> $5,895,090<br>| 5300000 | &nbsp;&nbsp;&nbsp; 5300000 |
| 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 $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 $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 |

---

**BHFTI-43**

------

**Brighthouse Funds Trust I**

**Allspring Mid Cap Value 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)** |
| 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 $5,145,008; collateralized <br> by 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 $5,247,377<br>| 5144486 | &nbsp;&nbsp;&nbsp; $5144486 |
| 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 $1,900,200; collateralized <br> by various Common Stock with an aggregate market value of <br> $2,117,795<br>| 1900000 | &nbsp;&nbsp;&nbsp; 1900000 |
| &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 U.S. Treasury Bond at 3.875%, maturing 02/15/43, and <br> various Common Stock with an aggregate market value of <br> $3,332,947<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| 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 $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; 38344486 |
| **Time Deposits—1.4%** | **Time Deposits—1.4%** | **Time Deposits—1.4%** |
| 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 | 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| Svenska NY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
|  |  | &nbsp;&nbsp;&nbsp; 4000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $43,844,486) <br>|  | &nbsp;&nbsp;&nbsp; 43844485 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—115.2% <br>(Cost $288,183,494) <br>|  | &nbsp;&nbsp;&nbsp; 333687756 |
| Other assets and liabilities (net)—(15.2)%  |  | &nbsp;&nbsp;&nbsp; (44118895)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $289568861 |

---

&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 $44,889,524 and the collateral received consisted of cash in the amount of <br> $43,844,486 and non-cash collateral with a value of $889,184. 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 0.0% of net assets.<br>|
| (d) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. |
| (e) | Represents investment of cash collateral received from securities on loan as of March 31, 2026. |
| (f) | The rate shown represents the annualized seven-day yield as of March 31, 2026. |
| (g) | 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>|

---

**BHFTI-44**

------

**Brighthouse Funds Trust I**

**Allspring Mid Cap 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** |
| Total Common Stocks\* | &nbsp;&nbsp;&nbsp; $283409997 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $283409997 |
| Total Warrants\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 |
| Total Escrow Shares\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 |
| Total Rights\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6433274 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6433274 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 500000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate of Deposit | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 999999 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 999999 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 38344486 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 38344486 |
| &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; 500000 | &nbsp;&nbsp;&nbsp; 43344485 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 43844485 |
| Total Investments | &nbsp;&nbsp;&nbsp; $283909997 | &nbsp;&nbsp;&nbsp; $49777759 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $333687756 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(43844486)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(43844486)<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.

**BHFTI-45**

------

**Brighthouse Funds Trust I**

**American Funds**<sup>®</sup> **Aggressive Allocation 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>|
| **Mutual Funds — 100.1%** | **Mutual Funds — 100.1%** | **Mutual Funds — 100.1%** |
| American Funds AMCAP Fund (Class R-6) | 7086005 | &nbsp;&nbsp;&nbsp; $307603473 |
| American Funds American Mutual Fund (Class R-6) | 4238670 | &nbsp;&nbsp;&nbsp; 247962185 |
| American Funds Capital World Bond Fund (Class 1) (a) | 4113892 | &nbsp;&nbsp;&nbsp; 41221196 |
| American Funds Fundamental Investors Fund (Class R-6) | 3385488 | &nbsp;&nbsp;&nbsp; 300225049 |
| American Funds Growth Fund (Class 1) | 2172487 | &nbsp;&nbsp;&nbsp; 279990093 |
| American Funds Growth-Income Fund (Class 1) | 4235120 | &nbsp;&nbsp;&nbsp; 274944018 |
| American Funds High-Income Trust Fund (Class R-6) | 5664394 | &nbsp;&nbsp;&nbsp; 55341127 |
| American Funds International Fund (Class 1) (a) | 11064638 | &nbsp;&nbsp;&nbsp; 244417856 |
| American Funds International Growth & Income Fund (Class R-6) | 6709879 | &nbsp;&nbsp;&nbsp; 303085234 |
| American Funds New World Fund (Class 1) | 2546493 | &nbsp;&nbsp;&nbsp; 81487778 |
| American Funds Smallcap World Fund, Inc. (Class R-6) | 1814557 | &nbsp;&nbsp;&nbsp; 137107948 |
| American Funds The Bond Fund of America (Class 1) | 14483428 | &nbsp;&nbsp;&nbsp; 137737397 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Mutual Funds—(Continued)** | **Mutual Funds—(Continued)** | **Mutual Funds—(Continued)** |
| American Funds U.S. Government Securities Fund (Class R-6) | 3459559 | &nbsp;&nbsp;&nbsp; $41480110 |
| American Funds Washington Mutual Investors Fund (Class 1) | 15637699 | &nbsp;&nbsp;&nbsp; 275536265 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $2,279,888,621) <br>|  | &nbsp;&nbsp;&nbsp; 2728139729 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—100.1% <br>(Cost $2,279,888,621) <br>|  | &nbsp;&nbsp;&nbsp; 2728139729 |
| Other assets and liabilities (net)—(0.1)%  |  | &nbsp;&nbsp;&nbsp; (1816595)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $2726323134 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Affiliated Issuer. (See the table that follows for a summary of transactions in affiliated
 issuers.)

**Transactions in Securities of Affiliated Issuers**

Issuers in which the Portfolio owns 5% or more of the outstanding shares are considered affiliates of the Portfolio.

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>|
| American Funds Capital World Bond Fund (Class 1) | &nbsp;&nbsp; $43552630 | &nbsp;&nbsp; $91256 | &nbsp;&nbsp; $(1577791)<br>| &nbsp;&nbsp; $(294590)<br>| &nbsp;&nbsp; $(550309)<br>| &nbsp;&nbsp; $41221196 |
| American Funds International Fund (Class 1) | &nbsp;&nbsp; 266222009 | &nbsp;&nbsp; 48524 | &nbsp;&nbsp; (20367614)<br>| &nbsp;&nbsp; 5844387 | &nbsp;&nbsp; (7329450)<br>| &nbsp;&nbsp; 244417856 |
| American Funds International Growth & Income Fund (Class R-6)\* | &nbsp;&nbsp; 324114724 | &nbsp;&nbsp; 1453982 | &nbsp;&nbsp; (27792223)<br>| &nbsp;&nbsp; 4888059 | &nbsp;&nbsp; 420692 | &nbsp;&nbsp; 303085234 |
|  | &nbsp;&nbsp; $633889363 | &nbsp;&nbsp; $1593762 | &nbsp;&nbsp; $(49737628)<br>| &nbsp;&nbsp; $10437856 | &nbsp;&nbsp; $(7459067)<br>| &nbsp;&nbsp; $588724286 |

---

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

---

| | |
|:---|:---|
| **Security Description** | **Number of** <br>**shares held at** <br>**March 31, 2026**<br>|
| American Funds Capital World Bond Fund (Class 1) | &nbsp;&nbsp; 4113892 |
| American Funds International Fund (Class 1) | &nbsp;&nbsp; 11064638 |
| American Funds International Growth & Income Fund (Class R-6)\* | &nbsp;&nbsp; 6709879 |

---

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

\* Not on affiliated issuer as of March 31, 2026.<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 Investment Companies\* | &nbsp;&nbsp; $2728139729 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $2728139729 |
| Total Investments | &nbsp;&nbsp; $2728139729 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $2728139729 |

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-46**

------

**Brighthouse Funds Trust I**

**American Funds**<sup>®</sup> **Balanced Allocation 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>|
| **Mutual Funds — 100.1%** | **Mutual Funds — 100.1%** | **Mutual Funds — 100.1%** |
| American Funds AMCAP Fund (Class R-6) | 6787618 | &nbsp;&nbsp;&nbsp; $294650502 |
| American Funds American Mutual Fund (Class R-6) | 4570760 | &nbsp;&nbsp;&nbsp; 267389469 |
| American Funds Capital World Bond Fund (Class 1) (a) | 10549195 | &nbsp;&nbsp;&nbsp; 105702931 |
| American Funds Fundamental Investors Fund (Class R-6) | 3399459 | &nbsp;&nbsp;&nbsp; 301464005 |
| American Funds Growth Fund (Class 1) | 2422624 | &nbsp;&nbsp;&nbsp; 312227750 |
| American Funds Growth-Income Fund (Class 1) | 5280770 | &nbsp;&nbsp;&nbsp; 342827576 |
| American Funds High-Income Trust Fund (Class R-6) | 17854683 | &nbsp;&nbsp;&nbsp; 174440255 |
| American Funds International Fund (Class 1) (a) | 11257306 | &nbsp;&nbsp;&nbsp; 248673896 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Funds International Growth & Income Fund (Class R-6) <br> (a)<br>| 7246912 | &nbsp;&nbsp;&nbsp; 327343027 |
| American Funds New World Fund (Class 1) | 2294768 | &nbsp;&nbsp;&nbsp; 73432579 |
| American Funds Smallcap World Fund, Inc. (Class R-6) | 1485140 | &nbsp;&nbsp;&nbsp; 112217192 |
| American Funds The Bond Fund of America (Class 1) (a) | 53778301 | &nbsp;&nbsp;&nbsp; 511431641 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Mutual Funds—(Continued)** | **Mutual Funds—(Continued)** | **Mutual Funds—(Continued)** |
| American Funds U.S. Government Securities Fund (Class R-6) | 33907427 | &nbsp;&nbsp;&nbsp; $406550051 |
| American Funds Washington Mutual Investors Fund (Class 1) (a) <br>| 17355244 | &nbsp;&nbsp;&nbsp; 305799402 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $3,423,850,245) <br>|  | &nbsp;&nbsp;&nbsp; 3784150276 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—100.1% <br>(Cost $3,423,850,245) <br>|  | &nbsp;&nbsp;&nbsp; 3784150276 |
| Other assets and liabilities (net)—(0.1)%  |  | &nbsp;&nbsp;&nbsp; (2382053)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $3781768223 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Affiliated Issuer. (See the table that follows for a summary of transactions in affiliated
 issuers.)

**Transactions in Securities of Affiliated Issuers**

Issuers in which the Portfolio owns 5% or more of the outstanding shares are considered affiliates of the Portfolio.

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>|
| American Funds Capital World Bond Fund (Class 1) | &nbsp;&nbsp; $110795438 | &nbsp;&nbsp; $1037 | &nbsp;&nbsp; $(2955226)<br>| &nbsp;&nbsp; $(586101)<br>| &nbsp;&nbsp; $(1552217)<br>| &nbsp;&nbsp; $105702931 |
| American Funds International Fund (Class 1) | &nbsp;&nbsp; 274565840 | &nbsp;&nbsp; 31421 | &nbsp;&nbsp; (24631763)<br>| &nbsp;&nbsp; 4640628 | &nbsp;&nbsp; (5932230)<br>| &nbsp;&nbsp; 248673896 |
| American Funds International Growth & Income Fund (Class R-6) | &nbsp;&nbsp; 354990700 | &nbsp;&nbsp; 1563987 | &nbsp;&nbsp; (35237748)<br>| &nbsp;&nbsp; 6166994 | &nbsp;&nbsp; (140906)<br>| &nbsp;&nbsp; 327343027 |
| American Funds The Bond Fund of America (Class 1) | &nbsp;&nbsp; 532478344 | &nbsp;&nbsp; 8400 | &nbsp;&nbsp; (20562961)<br>| &nbsp;&nbsp; (4394012)<br>| &nbsp;&nbsp; 3901870 | &nbsp;&nbsp; 511431641 |
| American Funds Washington Mutual Investors Fund (Class 1) | &nbsp;&nbsp; 322250532 | &nbsp;&nbsp; 9534 | &nbsp;&nbsp; (6902441)<br>| &nbsp;&nbsp; 1758928 | &nbsp;&nbsp; (11317151)<br>| &nbsp;&nbsp; 305799402 |
|  | &nbsp;&nbsp; $1595080854 | &nbsp;&nbsp; $1614379 | &nbsp;&nbsp; $(90290139)<br>| &nbsp;&nbsp; $7586437 | &nbsp;&nbsp; $(15040634)<br>| &nbsp;&nbsp; $1498950897 |

---

&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>|
| American Funds Capital World Bond Fund (Class 1) | &nbsp;&nbsp; $— | &nbsp;&nbsp; 10549195 |
| American Funds International Fund (Class 1) | &nbsp;&nbsp; — | &nbsp;&nbsp; 11257306 |
| American Funds International Growth & Income Fund (Class R-6) | &nbsp;&nbsp; 1556345 | &nbsp;&nbsp; 7246912 |
| American Funds The Bond Fund of America (Class 1) | &nbsp;&nbsp; — | &nbsp;&nbsp; 53778301 |
| American Funds Washington Mutual Investors Fund (Class 1) | &nbsp;&nbsp; — | &nbsp;&nbsp; 17355244 |
|  | &nbsp;&nbsp; $1556345 |  |

---

**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; $3784150276 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $3784150276 |
| Total Investments | &nbsp;&nbsp; $3784150276 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $3784150276 |

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-47**

------

**Brighthouse Funds Trust I**

**American Funds**<sup>®</sup> **Growth 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>|
| **Mutual Funds — 100.1%** | **Mutual Funds — 100.1%** | **Mutual Funds — 100.1%** |
| American Funds Growth Fund (Class 1) (a) | 13947692 | &nbsp;&nbsp;&nbsp; $1797578605 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $1,310,257,115) <br>|  | &nbsp;&nbsp;&nbsp; 1797578605 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—100.1% <br>(Cost $1,310,257,115) <br>|  | &nbsp;&nbsp;&nbsp; 1797578605 |
| Other assets and liabilities (net)—(0.1)%  |  | &nbsp;&nbsp;&nbsp; (1244717)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1796333888 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Affiliated Issuer. (See the table that follows for a summary of transactions in affiliated
 issuers.)

**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>|
| American Funds Growth Fund (Class 1) | &nbsp;&nbsp; $1989165533 | &nbsp;&nbsp; $9925516 | &nbsp;&nbsp; $(31750749)<br>| &nbsp;&nbsp; $13867830 | &nbsp;&nbsp; $(183629525)<br>| &nbsp;&nbsp; $1797578605 |

---

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

---

| | |
|:---|:---|
| **Security Description** | **Number of** <br>**shares held at** <br>**March 31, 2026**<br>|
| American Funds Growth Fund (Class 1) | &nbsp;&nbsp; 13,947,692 |

---

**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; $1797578605 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1797578605 |
| Total Investments | &nbsp;&nbsp; $1797578605 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1797578605 |

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-48**

------

**Brighthouse Funds Trust I**

**American Funds**<sup>®</sup> **Moderate Allocation 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>|
| **Mutual Funds — 100.1%** | **Mutual Funds — 100.1%** | **Mutual Funds — 100.1%** |
| American Funds AMCAP Fund (Class R-6) | 2008805 | &nbsp;&nbsp;&nbsp; $87202232 |
| American Funds American Mutual Fund (Class R-6) | 2482664 | &nbsp;&nbsp;&nbsp; 145235860 |
| American Funds Capital World Bond Fund (Class 1) (a) | 6437694 | &nbsp;&nbsp;&nbsp; 64505691 |
| American Funds Fundamental Investors Fund (Class R-6) | 1010842 | &nbsp;&nbsp;&nbsp; 89641496 |
| American Funds Growth Fund (Class 1) | 675177 | &nbsp;&nbsp;&nbsp; 87016795 |
| American Funds Growth-Income Fund (Class 1) | 2236535 | &nbsp;&nbsp;&nbsp; 145195834 |
| American Funds High-Income Trust Fund (Class R-6) | 11416197 | &nbsp;&nbsp;&nbsp; 111536244 |
| American Funds International Fund (Class 1) | 4355388 | &nbsp;&nbsp;&nbsp; 96210525 |
| American Funds International Growth & Income Fund (Class R-6) | 2557559 | &nbsp;&nbsp;&nbsp; 115524959 |
| American Funds New World Fund (Class 1) | 547262 | &nbsp;&nbsp;&nbsp; 17512392 |
| American Funds Smallcap World Fund, Inc. (Class R-6) | 235026 | &nbsp;&nbsp;&nbsp; 17758558 |
| American Funds The Bond Fund of America (Class 1) (a) | 36018340 | &nbsp;&nbsp;&nbsp; 342534408 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Mutual Funds—(Continued)** | **Mutual Funds—(Continued)** | **Mutual Funds—(Continued)** |
| American Funds U.S. Government Securities Fund (Class R-6) | 29438711 | &nbsp;&nbsp;&nbsp; $352970142 |
| American Funds Washington Mutual Investors Fund (Class 1) | 8247795 | &nbsp;&nbsp;&nbsp; 145326141 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $1,742,903,081) <br>|  | &nbsp;&nbsp;&nbsp; 1818171277 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—100.1% <br>(Cost $1,742,903,081) <br>|  | &nbsp;&nbsp;&nbsp; 1818171277 |
| Other assets and liabilities (net)—(0.1)%  |  | &nbsp;&nbsp;&nbsp; (1343686)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1816827591 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Affiliated Issuer. (See the table that follows for a summary of transactions in affiliated
 issuers.)

**Transactions in Securities of Affiliated Issuers**

Issuers in which the Portfolio owns 5% or more of the outstanding shares are considered affiliates of the Portfolio.

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>|
| American Funds Capital World Bond Fund (Class 1) | &nbsp;&nbsp; $67364258 | &nbsp;&nbsp; $3112 | &nbsp;&nbsp; $(1571484)<br>| &nbsp;&nbsp; $(296851)<br>| &nbsp;&nbsp; $(993344)<br>| &nbsp;&nbsp; $64505691 |
| American Funds The Bond Fund of America (Class 1) | &nbsp;&nbsp; 355437059 | &nbsp;&nbsp; 17469 | &nbsp;&nbsp; (12609680)<br>| &nbsp;&nbsp; (1608132)<br>| &nbsp;&nbsp; 1297692 | &nbsp;&nbsp; 342534408 |
|  | &nbsp;&nbsp; $422801317 | &nbsp;&nbsp; $20581 | &nbsp;&nbsp; $(14181164)<br>| &nbsp;&nbsp; $(1904983)<br>| &nbsp;&nbsp; $304348 | &nbsp;&nbsp; $407040099 |

---

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

---

| | |
|:---|:---|
| **Security Description** | **Number of** <br>**shares held at** <br>**March 31, 2026**<br>|
| American Funds Capital World Bond Fund (Class 1) | &nbsp;&nbsp; 6,437,694 |
| American Funds The Bond Fund of America (Class 1) | &nbsp;&nbsp; 36,018,340 |

---

**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; $1818171277 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1818171277 |
| Total Investments | &nbsp;&nbsp; $1818171277 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1818171277 |

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-49**

------

**Brighthouse Funds Trust I**

**BlackRock Global Tactical Strategies Portfolio**

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

**Investment Companies—88.1% of Net Assets**

&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>|
| **Exchange-Traded Funds — 88.1%** | **Exchange-Traded Funds — 88.1%** | **Exchange-Traded Funds — 88.1%** |
| iShares Core MSCI EAFE ETF (a) (b) | 7947041 | &nbsp;&nbsp;&nbsp; $719445622 |
| iShares Core S&P 500 ETF (a) | 662704 | &nbsp;&nbsp;&nbsp; 432884880 |
| iShares Core U.S. Aggregate Bond ETF (a) (b) | 4077525 | &nbsp;&nbsp;&nbsp; 404775907 |
| iShares U.S. Real Estate ETF (a) | 617557 | &nbsp;&nbsp;&nbsp; 58396190 |
| State Street Communication Services Select Sector SPDR ETF (b) <br>| 257066 | &nbsp;&nbsp;&nbsp; 28498337 |
| State Street Consumer Discretionary Select Sector SPDR ETF (b) <br>| 244070 | &nbsp;&nbsp;&nbsp; 26598749 |
| State Street Consumer Staples Select Sector SPDR ETF (b) | 137500 | &nbsp;&nbsp;&nbsp; 11272250 |
| State Street Energy Select Sector SPDR ETF | 162940 | &nbsp;&nbsp;&nbsp; 9981704 |
| State Street Financial Select Sector SPDR ETF (b) | 655503 | &nbsp;&nbsp;&nbsp; 32362183 |
| State Street Health Care Select Sector SPDR ETF (b) | 173123 | &nbsp;&nbsp;&nbsp; 25381563 |
| State Street Industrial Select Sector SPDR ETF (b) | 150496 | &nbsp;&nbsp;&nbsp; 24339718 |
| State Street Materials Select Sector SPDR ETF (b) | 118952 | &nbsp;&nbsp;&nbsp; 5944031 |
| State Street Technology Select Sector SPDR ETF (b) | 569584 | &nbsp;&nbsp;&nbsp; 75697713 |
| State Street Utilities Select Sector SPDR ETF (b) | 162208 | &nbsp;&nbsp;&nbsp; 7443725 |
| Vanguard Total Bond Market ETF (b) | 7915573 | &nbsp;&nbsp;&nbsp; 582902796 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $2,122,551,851) <br>|  | &nbsp;&nbsp;&nbsp; 2445925368 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—7.6%** | **Short-Term Investments—7.6%** | **Short-Term Investments—7.6%** |
| **Repurchase Agreement—0.1%** | **Repurchase Agreement—0.1%** | **Repurchase Agreement—0.1%** |
| 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 $3,761,472; <br> collateralized by U.S. Treasury Note at 2.750%, maturing <br> 07/31/27, with a market value of $3,836,498<br>| 3761211 | &nbsp;&nbsp;&nbsp; 3761211 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investment Funds—7.5%** |  |  |
| State Street USD Liquidity LVNAV Fund - Institutional Shares |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.660% (c) | 206971413 | &nbsp;&nbsp;&nbsp; 206971413 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $210,732,624) <br>|  | &nbsp;&nbsp;&nbsp; 210732624 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (d)—6.0%** | **Securities Lending Reinvestments (d)—6.0%** | **Securities Lending Reinvestments (d)—6.0%** |
| **Short-Term Investment Funds—0.7%** | **Short-Term Investment Funds—0.7%** | **Short-Term Investment Funds—0.7%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Government Portfolio, <br>Class I 3.530% (c)<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares 3.580% (c)<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
|  |  | &nbsp;&nbsp;&nbsp; 20000000 |

---

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

---

| | | |
|:---|:---|:---|
| **Certificates of Deposit—2.2%** | **Certificates of Deposit—2.2%** | **Certificates of Deposit—2.2%** |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, SOFR + 0.370%, 08/07/26 (e) | 5000000 | &nbsp;&nbsp;&nbsp; 5001940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 11/19/26 (e) | 2000000 | &nbsp;&nbsp;&nbsp; 2000760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.020%, SOFR + 0.390%, 05/05/26 (e) | 2000000 | &nbsp;&nbsp;&nbsp; 2000324 |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.960%, SOFR + 0.330%, 07/22/26 (e) | 3000000 | &nbsp;&nbsp;&nbsp; 2999972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.970%, SOFR + 0.340%, 09/21/26 (e) | 2000000 | &nbsp;&nbsp;&nbsp; 1999998 |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.760%, 05/12/26 | 4000000 | &nbsp;&nbsp;&nbsp; 3999876 |
| Commonwealth Bank of Australia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 04/13/26 (e) | 5000000 | &nbsp;&nbsp;&nbsp; 5000200 |
| Mitsubishi UFJ Trust & Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/12/26 | 5000000 | &nbsp;&nbsp;&nbsp; 4961150 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Certificates of Deposit—(Continued)** | **Certificates of Deposit—(Continued)** | **Certificates of Deposit—(Continued)** |
| Mizuho Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, SOFR + 0.220%, 04/10/26 (e) | 5000000 | &nbsp;&nbsp;&nbsp; $4999905 |
| MUFG Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.820%, SOFR + 0.190%, 08/07/26 (e) | 2000000 | &nbsp;&nbsp;&nbsp; 1999182 |
| Royal Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.920%, SOFR + 0.290%, 02/05/27 (e) | 2000000 | &nbsp;&nbsp;&nbsp; 1998274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 05/01/26 (e) | 2000000 | &nbsp;&nbsp;&nbsp; 2000198 |
| Sumitomo Mitsui Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.820%, SOFR + 0.190%, 08/19/26 (e) | 1000000 | &nbsp;&nbsp;&nbsp; 999529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.840%, SOFR + 0.210%, 07/24/26 (e) | 2000000 | &nbsp;&nbsp;&nbsp; 1999488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.980%, SOFR + 0.350%, 09/25/26 (e) | 2000000 | &nbsp;&nbsp;&nbsp; 2000192 |
| Sumitomo Mitsui Trust Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.820%, 04/27/26 | 4000000 | &nbsp;&nbsp;&nbsp; 4000025 |
| &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 (e) | 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 (e) | 2000000 | &nbsp;&nbsp;&nbsp; 1999800 |
| Toronto-Dominion Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.080%, SOFR + 0.450%, 04/23/26 (e) | 1000000 | &nbsp;&nbsp;&nbsp; 1000141 |
|  |  | &nbsp;&nbsp;&nbsp; 60960551 |
| **Commercial Paper—0.9%** | **Commercial Paper—0.9%** | **Commercial Paper—0.9%** |
| 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 (e) | 2000000 | &nbsp;&nbsp;&nbsp; 1999996 |
| ING U.S. Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.960%, SOFR + 0.330%, 09/18/26 (e) | 5000000 | &nbsp;&nbsp;&nbsp; 4999750 |
| Ionic Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.720%, 04/01/26 | 4000000 | &nbsp;&nbsp;&nbsp; 3999568 |
| Old Line Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.780%, SOFR + 0.150%, 05/05/26 (e) | 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; 3.800%, 04/24/26 | 5000000 | &nbsp;&nbsp;&nbsp; 4987090 |
|  |  | &nbsp;&nbsp;&nbsp; 23976116 |
| **Repurchase Agreements—2.0%** | **Repurchase Agreements—2.0%** | **Repurchase Agreements—2.0%** |
| 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 $15,001,479; <br> collateralized by U.S. Treasury Note at 4.000%, maturing <br> 07/31/29, with a market value of $15,300,005<br>| 15000000 | &nbsp;&nbsp;&nbsp; 15000000 |
| Citigroup Global Markets, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 4.130%, due on <br> 10/02/26 with a maturity value of $30,636,708; <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 $30,600,397<br>| 30000000 | &nbsp;&nbsp;&nbsp; 30000000 |

---

**BHFTI-50**

------

**Brighthouse Funds Trust I**

**BlackRock Global Tactical Strategies Portfolio**

**Consolidated 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)** |
| 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 $10,445,720; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 0.000% - 4.375%, maturity dates ranging from <br> 05/15/30 - 11/15/48, and an aggregate market value of <br> $10,653,557<br>| 10444661 | &nbsp;&nbsp;&nbsp; $10444661 |
|  |  | &nbsp;&nbsp;&nbsp; 55444661 |
| **Time Deposits—0.2%** | **Time Deposits—0.2%** | **Time Deposits—0.2%** |
| DZ Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| Svenska NY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
|  |  | &nbsp;&nbsp;&nbsp; 7000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $167,383,784) <br>|  | &nbsp;&nbsp;&nbsp; 167381328 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—101.7% <br>(Cost $2,500,668,259) <br>|  | &nbsp;&nbsp;&nbsp; 2824039320 |
| Other assets and liabilities (net)—(1.7)%  |  | &nbsp;&nbsp;&nbsp; (48159707)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $2775879613 |

---

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

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

(a) Affiliated Issuer. (See the table that follows for a summary of transactions in affiliated issuers.)

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

---

| | |
|:---|:---|
|  | securities loaned was $275,395,777 and the collateral received consisted of cash in the amount <br> of $167,341,738 and non-cash collateral with a value of $107,703,858. The cash collateral <br> investments are disclosed in the Consolidated Schedule of Investments and categorized as <br> Securities Lending Reinvestments. 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>|
| (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>|

---

**Transactions in Securities of Affiliated Issuers**

The Portfolio does not invest in the Underlying ETFs for the purpose of exercising control; however, investments by the Portfolio within its principal investment strategies may represent a significant portion of the Underlying ETFs' net assets. Transactions in the Underlying ETFs 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>|
| iShares Core MSCI EAFE ETF | &nbsp;&nbsp; $716316061 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(5812409)<br>| &nbsp;&nbsp; $2346866 | &nbsp;&nbsp; $6595104 | &nbsp;&nbsp; $719445622 |
| iShares Core S&P 500 ETF | &nbsp;&nbsp; 479694989 | &nbsp;&nbsp; — | &nbsp;&nbsp; (26026330)<br>| &nbsp;&nbsp; 5344833 | &nbsp;&nbsp; (26128612)<br>| &nbsp;&nbsp; 432884880 |
| iShares Core U.S. Aggregate Bond ETF | &nbsp;&nbsp; 425554421 | &nbsp;&nbsp; 13572404 | &nbsp;&nbsp; (31610563)<br>| &nbsp;&nbsp; 916365 | &nbsp;&nbsp; (3656720)<br>| &nbsp;&nbsp; 404775907 |
| iShares U.S. Real Estate ETF | &nbsp;&nbsp; 57982427 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 413763 | &nbsp;&nbsp; 58396190 |
|  | &nbsp;&nbsp; $1679547898 | &nbsp;&nbsp; $13572404 | &nbsp;&nbsp; $(63449302)<br>| &nbsp;&nbsp; $8608064 | &nbsp;&nbsp; $(22776465)<br>| &nbsp;&nbsp; $1615502599 |

---

&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>|
| iShares Core MSCI EAFE ETF | &nbsp;&nbsp; $— | &nbsp;&nbsp; 7947041 |
| iShares Core S&P 500 ETF | &nbsp;&nbsp; 1181944 | &nbsp;&nbsp; 662704 |
| iShares Core U.S. Aggregate Bond ETF | &nbsp;&nbsp; 2818101 | &nbsp;&nbsp; 4077525 |
| iShares U.S. Real Estate ETF | &nbsp;&nbsp; 170059 | &nbsp;&nbsp; 617557 |
|  | &nbsp;&nbsp; $4170104 |  |

---

**BHFTI-51**

------

**Brighthouse Funds Trust I**

**BlackRock Global Tactical Strategies Portfolio**

**Consolidated 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>|
| AUD | &nbsp;&nbsp; 160996115 | GSI | 06/17/26 | USD | 113651182 | &nbsp;&nbsp; $(2695214)<br>|
| AUD | &nbsp;&nbsp; 5705000 | JPMC | 06/17/26 | USD | 4087500 | &nbsp;&nbsp; (155705)<br>|
| CAD | &nbsp;&nbsp; 98186779 | JPMC | 06/17/26 | USD | 72175994 | &nbsp;&nbsp; (1358861)<br>|
| CAD | &nbsp;&nbsp; 4442000 | UBSA | 06/17/26 | USD | 3277491 | &nbsp;&nbsp; (73702)<br>|
| JPY | &nbsp;&nbsp; 323147199 | HSBC | 06/17/26 | USD | 2077089 | &nbsp;&nbsp; (27944)<br>|
| JPY | &nbsp;&nbsp; 45014447264 | JPMC | 06/17/26 | USD | 289244256 | &nbsp;&nbsp; (3798176)<br>|

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contracts to Deliver** | **Contracts to Deliver** |  |  |  |  |  |
| AUD | &nbsp;&nbsp; 6418000 | GSI | 06/17/26 | USD | 4410616 | &nbsp;&nbsp; (12567)<br>|
| AUD | &nbsp;&nbsp; 6550000 | GSI | 06/17/26 | USD | 4623809 | &nbsp;&nbsp; 109653 |
| AUD | &nbsp;&nbsp; 51074275 | JPMC | 06/17/26 | USD | 35742763 | &nbsp;&nbsp; 543183 |
| AUD | &nbsp;&nbsp; 49602826 | JPMC | 06/17/26 | USD | 34857473 | &nbsp;&nbsp; 671993 |
| CAD | &nbsp;&nbsp; 4830000 | JPMC | 06/17/26 | USD | 3550479 | &nbsp;&nbsp; 66845 |
| EUR | &nbsp;&nbsp; 5146875 | JPMC | 06/17/26 | USD | 6019378 | &nbsp;&nbsp; 49689 |
| GBP | &nbsp;&nbsp; 30000 | HSBC | 06/17/26 | USD | 40111 | &nbsp;&nbsp; 412 |
| JPY | &nbsp;&nbsp; 1516387000 | GSI | 06/17/26 | USD | 9624701 | &nbsp;&nbsp; 8972 |

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Cross Currency** <br> **Contracts to Buy** | **Cross Currency** <br> **Contracts to Buy** |  |  |  |  |  |
| EUR | &nbsp;&nbsp; 4739218 | UBSA | 06/17/26 | JPY | 862277000 | &nbsp;&nbsp; 28981 |
| Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | &nbsp;&nbsp; $(6642441)<br>|

---

**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; 206 | USD | 29881330 | &nbsp;&nbsp;&nbsp; $115696 |
| Russell 2000 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 421 | USD | 52881810 | &nbsp;&nbsp;&nbsp; 112698 |
| S&P 500 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 351 | USD | 115316663 | &nbsp;&nbsp;&nbsp; (2723649)<br>|
| TOPIX Index Futures | &nbsp;&nbsp;&nbsp; 06/11/26 | &nbsp;&nbsp;&nbsp; 165 | JPY | 5781600000 | &nbsp;&nbsp;&nbsp; (683038)<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; (36)<br>| EUR | (1978200)<br>| &nbsp;&nbsp;&nbsp; 83137 |
| MSCI EAFE Index Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; (151)<br>| USD | (21903305)<br>| &nbsp;&nbsp;&nbsp; (344581)<br>|
| NASDAQ 100 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (209)<br>| USD | (99964700)<br>| &nbsp;&nbsp;&nbsp; 3574631 |
| U.S. Treasury Ultra Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (1853)<br>| USD | (215990313)<br>| &nbsp;&nbsp;&nbsp; 6958864 |
| Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | &nbsp;&nbsp;&nbsp; $7093758 |

---

**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 | Annually | 3.658<br> %<br>| Annually | 04/06/35 | USD | 241695426 | &nbsp;&nbsp; $(2915716)<br>| &nbsp;&nbsp; $(584616)<br>| &nbsp;&nbsp; $(2331100)<br>|
| Pay | 12M SOFR | Annually | 3.663<br> %<br>| Annually | 11/09/35 | USD | 204000000 | &nbsp;&nbsp; (2995546)<br>| &nbsp;&nbsp; 3646 | &nbsp;&nbsp; (2999192)<br>|
| Pay | 12M SOFR | Annually | 3.768<br> %<br>| Annually | 03/09/35 | USD | 391779552 | &nbsp;&nbsp; (1334568)<br>| &nbsp;&nbsp; 165071 | &nbsp;&nbsp; (1499639)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $(7245830)<br>| &nbsp;&nbsp; $(415899)<br>| &nbsp;&nbsp; $(6829931)<br>|

---

**BHFTI-52**

------

**Brighthouse Funds Trust I**

**BlackRock Global Tactical Strategies Portfolio**

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

**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 | 3M UST | Quarterly | 05/29/26 | JPMC | S&P GSCI Commodity Total Return Index | USD | 94873825 | $23272029 | $— | $23272029 |

---

Securities in the amount of $29,655,224 have been received at the custodian bank as collateral for OTC derivative contracts.

**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; $2445925368 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $2445925368 |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3761211 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3761211 |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 206971413 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 206971413 |
| Total Short-Term Investments | &nbsp;&nbsp;&nbsp; 206971413 | &nbsp;&nbsp;&nbsp; 3761211 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 210732624 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 20000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificates of Deposit | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 60960551 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 60960551 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23976116 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23976116 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 55444661 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 55444661 |
| &nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7000000 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 20000000 | &nbsp;&nbsp;&nbsp; 147381328 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 167381328 |
| Total Investments | &nbsp;&nbsp;&nbsp; $2672896781 | &nbsp;&nbsp;&nbsp; $151142539 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $2824039320 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(167341738)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(167341738)<br>|
| Forward Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1479728 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1479728 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (8122169)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (8122169)<br>|
| Total Forward Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(6642441)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(6642441)<br>|
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $10845026 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $10845026 |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; (3751268)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (3751268)<br>|
| Total Futures Contracts | &nbsp;&nbsp;&nbsp; $7093758 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $7093758 |
| Centrally Cleared Swap Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Swap Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(6829931)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(6829931)<br>|
| OTC Swap Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; OTC Swap Contracts at Value (Assets) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $23272029 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $23272029 |

---

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

\* See Consolidated Schedule of Investments for additional detailed categorizations.

**BHFTI-53**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield Portfolio**

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

**Corporate Bonds & Notes—90.1% 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>|
| **Advertising — 1.6%** | **Advertising — 1.6%** | **Advertising — 1.6%** |
| Clear Channel Outdoor Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 02/15/31 (144A) (a) | 2173000 | &nbsp;&nbsp;&nbsp; $2276642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 06/01/29 (144A) (a) | 3116000 | &nbsp;&nbsp;&nbsp; 3129150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 03/15/33 (144A) (a) | 1829000 | &nbsp;&nbsp;&nbsp; 1936907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 04/15/28 (144A) | 850000 | &nbsp;&nbsp;&nbsp; 854033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 04/01/30 (144A) (a) | 2730000 | &nbsp;&nbsp;&nbsp; 2856953 |
| CMG Media Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 06/18/29 (144A) (a) | 635000 | &nbsp;&nbsp;&nbsp; 549064 |
| Lamar Media Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 11/01/33 (144A) (a) | 583000 | &nbsp;&nbsp;&nbsp; 570596 |
| Neptune Bidco U.S., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.290%, 04/15/29 (144A) (a) | 382000 | &nbsp;&nbsp;&nbsp; 383061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 02/15/33 (144A) | 1309000 | &nbsp;&nbsp;&nbsp; 1270043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.375%, 05/15/31 (144A) (a) | 608000 | &nbsp;&nbsp;&nbsp; 613477 |
| Outfront Media Capital LLC/Outfront Media Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 01/15/29 (144A) (a) | 783000 | &nbsp;&nbsp;&nbsp; 754812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/15/30 (144A) | 345000 | &nbsp;&nbsp;&nbsp; 332865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/15/27 (144A) (a) | 244000 | &nbsp;&nbsp;&nbsp; 243425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 02/15/31 (144A) | 346000 | &nbsp;&nbsp;&nbsp; 360779 |
| Stagwell Global LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/15/29 (144A) (a) | 275000 | &nbsp;&nbsp;&nbsp; 261814 |
| Summer BC Holdco B SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 02/15/30 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 99422 |
|  |  | &nbsp;&nbsp;&nbsp; 16493043 |
| **Aerospace/Defense — 2.7%** | **Aerospace/Defense — 2.7%** | **Aerospace/Defense — 2.7%** |
| AAR Escrow Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/15/29 (144A) | 852000 | &nbsp;&nbsp;&nbsp; 867167 |
| Bombardier, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 06/15/33 (144A) (a) | 928000 | &nbsp;&nbsp;&nbsp; 958353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 06/01/32 (144A) (a) | 1094000 | &nbsp;&nbsp;&nbsp; 1135399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 07/01/31 (144A) | 90000 | &nbsp;&nbsp;&nbsp; 94312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 11/15/30 (144A) | 283000 | &nbsp;&nbsp;&nbsp; 300982 |
| Efesto Bidco SpA Efesto U.S. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 02/15/32 (144A) | 3769000 | &nbsp;&nbsp;&nbsp; 3749895 |
| Goat Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 02/01/32 (144A) † (a) | 673000 | &nbsp;&nbsp;&nbsp; 677125 |
| Moog, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 12/15/27 (144A) | 47000 | &nbsp;&nbsp;&nbsp; 46973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/15/34 (144A) | 347000 | &nbsp;&nbsp;&nbsp; 348090 |
| TransDigm, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/15/33 (144A) | 2512000 | &nbsp;&nbsp;&nbsp; 2510590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 07/31/34 (144A) | 3270000 | &nbsp;&nbsp;&nbsp; 3216184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 01/31/34 (144A) | 539000 | &nbsp;&nbsp;&nbsp; 544946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/01/29 (144A) (a) | 1903000 | &nbsp;&nbsp;&nbsp; 1938516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 05/31/33 (144A) | 3961000 | &nbsp;&nbsp;&nbsp; 3939881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 03/01/32 (144A) | 2270000 | &nbsp;&nbsp;&nbsp; 2315105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 01/31/34 (144A) | 5124000 | &nbsp;&nbsp;&nbsp; 5191150 |
|  |  | &nbsp;&nbsp;&nbsp; 27834668 |
| **Agriculture — 0.0%** | **Agriculture — 0.0%** | **Agriculture — 0.0%** |
| Darling Ingredients, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/15/30 (144A) | 186000 | &nbsp;&nbsp;&nbsp; 187300 |
| Tereos Finance Groupe I SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 04/30/27 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 115568 |
|  |  | &nbsp;&nbsp;&nbsp; 302868 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Airlines — 0.2%** | **Airlines — 0.2%** | **Airlines — 0.2%** |
| Air France-KLM |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 5Y EUR Swap + 3.580%, 05/21/30 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; $112462 |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 04/20/29 (144A) | 78000 | &nbsp;&nbsp;&nbsp; 77573 |
| JetBlue Airways Corp./JetBlue Loyalty LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.875%, 09/20/31 (144A) (a) | 891000 | &nbsp;&nbsp;&nbsp; 842047 |
| OneSky Flight LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 12/15/29 (144A) | 625000 | &nbsp;&nbsp;&nbsp; 645135 |
| United Airlines Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 03/01/31 (a) | 834000 | &nbsp;&nbsp;&nbsp; 816750 |
|  |  | &nbsp;&nbsp;&nbsp; 2493967 |
| **Apparel — 0.4%** | **Apparel — 0.4%** | **Apparel — 0.4%** |
| Beach Acquisition Bidco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 07/15/32 (144A) (EUR) | 1140000 | &nbsp;&nbsp;&nbsp; 1263766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 10.750% PIK, 07/15/33 (144A) (c) | 2107043 | &nbsp;&nbsp;&nbsp; 2244037 |
| Crocs, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 08/15/31 (144A) | 165000 | &nbsp;&nbsp;&nbsp; 148473 |
| Levi Strauss & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/31 (144A) (a) | 326000 | &nbsp;&nbsp;&nbsp; 298495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/15/30 (144A) (EUR) | 335000 | &nbsp;&nbsp;&nbsp; 384630 |
| PrestigeBidCo GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.766%, 3M EURIBOR + 3.750%, 07/01/29 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 115440 |
|  |  | &nbsp;&nbsp;&nbsp; 4454841 |
| **Auto Manufacturers — 0.7%** | **Auto Manufacturers — 0.7%** | **Auto Manufacturers — 0.7%** |
| Allison Transmission, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 12/01/33 (144A) | 709000 | &nbsp;&nbsp;&nbsp; 704653 |
| Aston Martin Capital Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.375%, 03/31/29 (GBP) | 100000 | &nbsp;&nbsp;&nbsp; 101573 |
| Nissan Motor Acceptance Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 09/30/30 (144A) | 1565000 | &nbsp;&nbsp;&nbsp; 1504029 |
| Nissan Motor Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 07/17/29 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 114416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 07/17/33 (144A) (EUR) | 400000 | &nbsp;&nbsp;&nbsp; 459999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 07/17/32 (144A) | 479000 | &nbsp;&nbsp;&nbsp; 485033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 07/17/35 (144A) (a) | 1970000 | &nbsp;&nbsp;&nbsp; 2026817 |
| RCI Banque SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 05/23/34 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 113681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 5Y EUR Swap + 2.200%, 03/24/37 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 111878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 5Y EUR Swap + 2.750%, 10/09/34 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 117154 |
| Rivian Holdings LLC/Rivian LLC/Rivian Automotive LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 01/15/31 (144A) | 636000 | &nbsp;&nbsp;&nbsp; 617986 |
| Stellantis NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 5Y EUR Swap + 3.771%, 03/16/31 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 110324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 5Y EUR Swap + 4.239%, 12/16/33 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 108957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 5Y UKG + 4.079%, 06/16/32 (GBP) (b) | 100000 | &nbsp;&nbsp;&nbsp; 126490 |
| Volkswagen International Finance NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.994%, 8Y EUR Swap + 3.494%, 11/15/33 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 115528 |
|  |  | &nbsp;&nbsp;&nbsp; 6818518 |
| **Auto Parts & Equipment — 1.2%** | **Auto Parts & Equipment — 1.2%** | **Auto Parts & Equipment — 1.2%** |
| American Axle & Manufacturing, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 10/15/32 (144A) | 420000 | &nbsp;&nbsp;&nbsp; 415692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 10/15/33 (144A) (a) | 439000 | &nbsp;&nbsp;&nbsp; 427366 |

---

**BHFTI-54**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield 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)** |
| Aptiv Swiss Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 5Y H15 + 3.385%, 12/15/54 (b) | 600000 | &nbsp;&nbsp;&nbsp; $605591 |
| Clarios Global LP/Clarios U.S. Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 06/15/31 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 113489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 06/15/31 (144A) (EUR) | 770000 | &nbsp;&nbsp;&nbsp; 873868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/15/28 (144A) | 679000 | &nbsp;&nbsp;&nbsp; 685607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 02/15/30 (144A) | 1341000 | &nbsp;&nbsp;&nbsp; 1371173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 09/15/32 (144A) (a) | 2757000 | &nbsp;&nbsp;&nbsp; 2779056 |
| Cyprium Corp./Cyprium Holdings Luxembourg SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 04/15/31 (144A) | 558000 | &nbsp;&nbsp;&nbsp; 550086 |
| Dana, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 09/01/30 | 123000 | &nbsp;&nbsp;&nbsp; 116365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/15/32 | 200000 | &nbsp;&nbsp;&nbsp; 186641 |
| Forvia SE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/15/31 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 114440 |
| Garrett Motion Holdings, Inc./Garrett LX I SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 05/31/32 (144A) (a) | 316000 | &nbsp;&nbsp;&nbsp; 327194 |
| Goodyear Tire & Rubber Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/15/29 (a) | 234000 | &nbsp;&nbsp;&nbsp; 221437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 07/15/30 (a) | 302000 | &nbsp;&nbsp;&nbsp; 295320 |
| IHO Verwaltungs GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 7.500% PIK, 11/15/29 (EUR) (c) | 100000 | &nbsp;&nbsp;&nbsp; 119859 |
| Qnity Electronics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 08/15/32 (144A) | 777000 | &nbsp;&nbsp;&nbsp; 777925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 08/15/33 (144A) | 966000 | &nbsp;&nbsp;&nbsp; 976758 |
| Schaeffler AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 04/01/28 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 114232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/14/26 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 115455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 08/14/29 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 114996 |
| Tenneco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 11/17/28 (144A) | 1037000 | &nbsp;&nbsp;&nbsp; 1033312 |
| ZF Europe Finance BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/17/32 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 109047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 06/12/30 (EUR) | 200000 | &nbsp;&nbsp;&nbsp; 235810 |
|  |  | &nbsp;&nbsp;&nbsp; 12680719 |
| **Banks — 2.4%** | **Banks — 2.4%** | **Banks — 2.4%** |
| Abanca Corp. Bancaria SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 5Y EUR Swap + 2.450%, 12/11/36 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 115607 |
| Banca Monte dei Paschi di Siena SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 5Y EUR Swap + 2.150%, 10/02/35 (EUR) (b) | 200000 | &nbsp;&nbsp;&nbsp; 229466 |
| Banco Bilbao Vizcaya Argentaria SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 5Y EUR Swap + 4.267%, 12/13/30 (EUR) (b) | 200000 | &nbsp;&nbsp;&nbsp; 241725 |
| Banco Espirito Santo SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 05/08/17 (EUR) (d) | 400000 | &nbsp;&nbsp;&nbsp; 101715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/15/18 (EUR) (d) | 1000000 | &nbsp;&nbsp;&nbsp; 254287 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 5Y H15 + 2.351%, 07/26/30 (b) | 870000 | &nbsp;&nbsp;&nbsp; 875240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 5Y H15 + 2.684%, 05/01/30 (b) | 2290000 | &nbsp;&nbsp;&nbsp; 2347811 |
| Barclays PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 5Y USD SOFR ICE Swap + 3.686%, 03/15/35 (b) | 600000 | &nbsp;&nbsp;&nbsp; 605820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 5Y H15 + 5.431%, 03/15/29 (b) | 200000 | &nbsp;&nbsp;&nbsp; 206952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.625%, 5Y USD SOFR ICE Swap + 5.775%, 12/15/29 (b) | 2645000 | &nbsp;&nbsp;&nbsp; 2885047 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 5Y H15 + 3.001%, 02/15/31 (b) | 690000 | &nbsp;&nbsp;&nbsp; 690518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 5Y H15 + 2.572%, 02/15/30 (b) | 1088000 | &nbsp;&nbsp;&nbsp; 1087510 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 5Y H15 + 2.890%, 08/15/30 (b) | 520000 | &nbsp;&nbsp;&nbsp; $523670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.950%, 5Y H15 + 2.726%, 02/15/30 (a) (b) | 430000 | &nbsp;&nbsp;&nbsp; 433193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 10Y H15 + 2.757%, 08/15/34 (a) (b) | 465000 | &nbsp;&nbsp;&nbsp; 478570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 5Y H15 + 2.693%, 08/15/29 (b) | 1490000 | &nbsp;&nbsp;&nbsp; 1504650 |
| Deutsche Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 5Y EUR Swap + 4.036%, 10/30/34 (EUR) (b) | 200000 | &nbsp;&nbsp;&nbsp; 227991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 5Y EUR Swap + 5.112%, 10/30/31 (EUR) (b) | 200000 | &nbsp;&nbsp;&nbsp; 239339 |
| First-Citizens Bank & Trust Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/36 | 1604000 | &nbsp;&nbsp;&nbsp; 1606243 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 10Y H15 + 2.400%, 11/10/34 (a) (b) | 1475000 | &nbsp;&nbsp;&nbsp; 1467326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.850%, 5Y H15 + 2.461%, 02/10/30 (b) | 526000 | &nbsp;&nbsp;&nbsp; 536159 |
| NatWest Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 5Y H15 + 3.752%, 11/10/33 (b) | 590000 | &nbsp;&nbsp;&nbsp; 638691 |
| PNC Financial Services Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 7Y H15 + 2.808%, 03/15/30 (b) | 311000 | &nbsp;&nbsp;&nbsp; 313729 |
| Toronto-Dominion Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 5Y H15 + 2.977%, 07/31/84 (b) | 1085000 | &nbsp;&nbsp;&nbsp; 1103684 |
| UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.600%, 5Y USD SOFR ICE Swap + 3.122%, 08/05/30 <br> (144A) (b)<br>| 400000 | &nbsp;&nbsp;&nbsp; 390414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 5Y USD SOFR ICE Swap + 3.240%, 01/08/31 <br> (144A) (b)<br>| 600000 | &nbsp;&nbsp;&nbsp; 584264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.850%, 5Y USD SOFR ICE Swap + 3.630%, 09/10/29 <br> (144A) (b)<br>| 200000 | &nbsp;&nbsp;&nbsp; 198206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 5Y USD SOFR ICE Swap + 3.077%, 02/10/30 <br> (144A) (b)<br>| 400000 | &nbsp;&nbsp;&nbsp; 396149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 5Y USD SOFR ICE Swap + 3.296%, 02/05/35 <br> (144A) (b)<br>| 800000 | &nbsp;&nbsp;&nbsp; 777662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 5Y USD SOFR ICE Swap + 3.321%, 01/08/36 <br> (144A) (b)<br>| 800000 | &nbsp;&nbsp;&nbsp; 773376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 5Y USD SOFR ICE Swap + 3.179%, 08/10/34 <br> (144A) (b)<br>| 600000 | &nbsp;&nbsp;&nbsp; 588522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 5Y USD SOFR ICE Swap + 4.160%, 04/12/31 <br> (144A) (a) (b)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1030421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 5Y H15 + 4.745%, 11/13/28 (144A) (b) | 400000 | &nbsp;&nbsp;&nbsp; 426330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 5Y H15 + 4.758%, 11/13/33 (144A) (b) | 1000000 | &nbsp;&nbsp;&nbsp; 1126239 |
| Walker & Dunlop, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 04/01/33 (144A) (a) | 395000 | &nbsp;&nbsp;&nbsp; 386184 |
|  |  | &nbsp;&nbsp;&nbsp; 25392710 |
| **Biotechnology — 0.3%** | **Biotechnology — 0.3%** | **Biotechnology — 0.3%** |
| BioMarin Pharmaceutical, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/15/34 (144A) | 955000 | &nbsp;&nbsp;&nbsp; 940251 |
| Genmab AS/Genmab Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 12/15/32 (144A) | 486000 | &nbsp;&nbsp;&nbsp; 498263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 12/15/33 (144A) | 1194000 | &nbsp;&nbsp;&nbsp; 1249797 |
|  |  | &nbsp;&nbsp;&nbsp; 2688311 |
| **Building Materials — 1.7%** | **Building Materials — 1.7%** | **Building Materials — 1.7%** |
| AmeriTex HoldCo Intermediate LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 08/15/33 (144A) (a) | 618000 | &nbsp;&nbsp;&nbsp; 637929 |
| Builders FirstSource, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/01/34 (144A) | 444000 | &nbsp;&nbsp;&nbsp; 438324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/15/35 (144A) | 460000 | &nbsp;&nbsp;&nbsp; 459559 |

---

**BHFTI-55**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Building Materials—(Continued)** | **Building Materials—(Continued)** | **Building Materials—(Continued)** |
| EMRLD Borrower LP/Emerald Co-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 12/15/30 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; $117651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 12/15/30 (144A) | 3303000 | &nbsp;&nbsp;&nbsp; 3359346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 07/15/31 (144A) (a) | 423000 | &nbsp;&nbsp;&nbsp; 435037 |
| HT Troplast GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.375%, 07/15/28 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 117012 |
| JELD-WEN Holding, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 09/01/32 (144A) (a) | 189000 | &nbsp;&nbsp;&nbsp; 88114 |
| JELD-WEN, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 12/15/27 (144A) (a) | 648000 | &nbsp;&nbsp;&nbsp; 439365 |
| New Enterprise Stone & Lime Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 07/15/28 (144A) | 222000 | &nbsp;&nbsp;&nbsp; 218713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 07/15/28 (144A) | 470000 | &nbsp;&nbsp;&nbsp; 469524 |
| Quikrete Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/01/32 (144A) | 3282000 | &nbsp;&nbsp;&nbsp; 3327958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/01/33 (144A) | 963000 | &nbsp;&nbsp;&nbsp; 978061 |
| Smyrna Ready Mix Concrete LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/28 (144A) (a) | 204000 | &nbsp;&nbsp;&nbsp; 202462 |
| Standard Building Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/15/34 (144A) | 1088000 | &nbsp;&nbsp;&nbsp; 1049038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 08/01/33 (144A) | 1679000 | &nbsp;&nbsp;&nbsp; 1660120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 08/15/32 (144A) | 1501000 | &nbsp;&nbsp;&nbsp; 1501776 |
| Standard Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 01/15/31 (144A) (a) | 461000 | &nbsp;&nbsp;&nbsp; 413225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 07/15/30 (144A) | 857000 | &nbsp;&nbsp;&nbsp; 807778 |
| Wilsonart LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.000%, 08/15/32 (144A) (a) | 959000 | &nbsp;&nbsp;&nbsp; 695162 |
|  |  | &nbsp;&nbsp;&nbsp; 17416154 |
| **Chemicals — 3.0%** | **Chemicals — 3.0%** | **Chemicals — 3.0%** |
| Advancion Sciences, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 10.000% PIK, 11/01/26 (144A) (c) | 918922 | &nbsp;&nbsp;&nbsp; 746624 |
| Avient Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 11/01/31 (144A) (a) | 164000 | &nbsp;&nbsp;&nbsp; 165145 |
| Celanese U.S. Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 04/15/33 (a) | 497000 | &nbsp;&nbsp;&nbsp; 509904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 02/15/31 (a) | 69000 | &nbsp;&nbsp;&nbsp; 70849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 02/15/34 | 587000 | &nbsp;&nbsp;&nbsp; 601396 |
| Chemours Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 11/15/29 (144A) (a) | 1065000 | &nbsp;&nbsp;&nbsp; 998709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 11/15/28 (144A) (a) | 1931000 | &nbsp;&nbsp;&nbsp; 1911930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 03/15/34 (144A) | 561000 | &nbsp;&nbsp;&nbsp; 560837 |
| Consolidated Energy Finance SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 10/15/28 (144A) (a) | 150000 | &nbsp;&nbsp;&nbsp; 139688 |
| Element Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 09/01/28 (144A) | 3055000 | &nbsp;&nbsp;&nbsp; 2974448 |
| FMC Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.450%, 10/01/29 (a) | 524000 | &nbsp;&nbsp;&nbsp; 468060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/49 (a) | 155000 | &nbsp;&nbsp;&nbsp; 95917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 05/18/53 (a) | 111000 | &nbsp;&nbsp;&nbsp; 83635 |
| HB Fuller Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 10/15/28 | 257000 | &nbsp;&nbsp;&nbsp; 248181 |
| Herens Holdco SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 05/15/28 (144A) | 400000 | &nbsp;&nbsp;&nbsp; 336160 |
| Ingevity Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 11/01/28 (144A) | 191000 | &nbsp;&nbsp;&nbsp; 183350 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Chemicals—(Continued)** | **Chemicals—(Continued)** | **Chemicals—(Continued)** |
| Itelyum Regeneration SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 04/15/30 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; $114012 |
| Kronos International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 03/15/29 (EUR) | 200000 | &nbsp;&nbsp;&nbsp; 198596 |
| Lune Holdings SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 11/15/28 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 2470 |
| Methanex U.S. Operations, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/15/32 (144A) (a) | 382000 | &nbsp;&nbsp;&nbsp; 390811 |
| Minerals Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/28 (144A) | 365000 | &nbsp;&nbsp;&nbsp; 358811 |
| Olympus Water U.S. Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 10/01/29 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 106738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 02/15/33 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 111101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 08/01/32 (144A) (a) | 1841000 | &nbsp;&nbsp;&nbsp; 1753228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 06/15/31 (144A) (a) | 2050000 | &nbsp;&nbsp;&nbsp; 2002241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 02/15/33 (144A) (a) | 5367000 | &nbsp;&nbsp;&nbsp; 5120661 |
| Perimeter Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 01/15/34 (144A) | 1665000 | &nbsp;&nbsp;&nbsp; 1632949 |
| SK Invictus Intermediate II SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/30/29 (144A) | 1639000 | &nbsp;&nbsp;&nbsp; 1598630 |
| Solstice Advanced Materials, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 09/30/33 (144A) (a) | 1151000 | &nbsp;&nbsp;&nbsp; 1134935 |
| WR Grace Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/15/29 (144A) | 3744000 | &nbsp;&nbsp;&nbsp; 3443430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 08/15/32 (144A) (a) | 1932000 | &nbsp;&nbsp;&nbsp; 1882455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 08/01/33 (144A) | 839000 | &nbsp;&nbsp;&nbsp; 814816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 03/01/31 (144A) | 724000 | &nbsp;&nbsp;&nbsp; 725868 |
|  |  | &nbsp;&nbsp;&nbsp; 31486585 |
| **Commercial Services — 6.1%** | **Commercial Services — 6.1%** | **Commercial Services — 6.1%** |
| ADT Security Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 07/15/32 (144A) (a) | 513000 | &nbsp;&nbsp;&nbsp; 479182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 10/15/33 (144A) (a) | 1264000 | &nbsp;&nbsp;&nbsp; 1224196 |
| Albion Financing 1 SARL/Aggreko Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 05/21/30 (144A) | 1505000 | &nbsp;&nbsp;&nbsp; 1538166 |
| Allied Universal Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 02/15/31 (144A) (a) | 6440000 | &nbsp;&nbsp;&nbsp; 6641025 |
| Allied Universal Holdco LLC/Allied Universal Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/29 (144A) (a) | 4800000 | &nbsp;&nbsp;&nbsp; 4638129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 06/15/30 (144A) | 2382000 | &nbsp;&nbsp;&nbsp; 2414591 |
| &nbsp;&nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas <br> Luxco 4 SARL<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 06/01/28 (144A) (a) | 1733000 | &nbsp;&nbsp;&nbsp; 1693168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 06/01/28 (144A) | 2496000 | &nbsp;&nbsp;&nbsp; 2437150 |
| Amber Finco PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 07/15/29 (EUR) | 114000 | &nbsp;&nbsp;&nbsp; 135216 |
| APCOA GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/15/31 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 113199 |
| APi Group DE, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 07/15/29 (144A) (a) | 352000 | &nbsp;&nbsp;&nbsp; 335203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 10/15/29 (144A) | 276000 | &nbsp;&nbsp;&nbsp; 267136 |
| Arena Luxembourg Finance SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.520%, 3M EURIBOR + 2.500%, 05/01/30 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 115250 |
| BCP V Modular Services Finance II PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 11/30/28 (EUR) | 200000 | &nbsp;&nbsp;&nbsp; 217467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 11/30/28 (GBP) | 100000 | &nbsp;&nbsp;&nbsp; 123740 |

---

**BHFTI-56**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield 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)** |
| Belron U.K. Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 10/15/29 (144A) | 932000 | &nbsp;&nbsp;&nbsp; $937886 |
| Block, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 06/01/26 | 350000 | &nbsp;&nbsp;&nbsp; 348404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/15/30 (144A) | 955000 | &nbsp;&nbsp;&nbsp; 949723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/15/33 (144A) | 1261000 | &nbsp;&nbsp;&nbsp; 1240173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 05/15/32 | 1381000 | &nbsp;&nbsp;&nbsp; 1393610 |
| Boels Topholding BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 05/15/30 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 116131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 02/15/29 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 118063 |
| Brink's Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/15/29 (144A) | 421000 | &nbsp;&nbsp;&nbsp; 427517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 06/15/32 (144A) | 686000 | &nbsp;&nbsp;&nbsp; 694380 |
| Clarivate Science Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 07/01/28 (144A) | 845000 | &nbsp;&nbsp;&nbsp; 797441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 07/01/29 (144A) (a) | 1771000 | &nbsp;&nbsp;&nbsp; 1536672 |
| CompoSecure Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 02/01/33 (144A) (a) | 2343000 | &nbsp;&nbsp;&nbsp; 2288994 |
| Deluxe Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 09/15/29 (144A) | 317000 | &nbsp;&nbsp;&nbsp; 329073 |
| Garda World Security Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/29 (144A) (a) | 175000 | &nbsp;&nbsp;&nbsp; 166569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 02/15/28 (144A) | 995000 | &nbsp;&nbsp;&nbsp; 1012181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 08/01/32 (144A) (a) | 2277000 | &nbsp;&nbsp;&nbsp; 2253168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 11/15/32 (144A) (a) | 3262000 | &nbsp;&nbsp;&nbsp; 3264215 |
| Herc Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 03/15/31 (144A) (a) | 406000 | &nbsp;&nbsp;&nbsp; 399856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/15/34 (144A) (a) | 419000 | &nbsp;&nbsp;&nbsp; 405068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 06/15/29 (144A) | 54000 | &nbsp;&nbsp;&nbsp; 54887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 06/15/30 (144A) (a) | 1065000 | &nbsp;&nbsp;&nbsp; 1092018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 06/15/33 (144A) | 1435000 | &nbsp;&nbsp;&nbsp; 1470505 |
| ION Platform Finance SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 09/30/30 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 95794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 05/01/29 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 107384 |
| ION Platform Finance U.S., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 09/30/32 (144A) | 1435000 | &nbsp;&nbsp;&nbsp; 1110727 |
| Kapla Holding SAS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/30/31 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 113655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 3M EURIBOR + 3.500%, 07/31/30 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 115145 |
| La Financiere Atalian SAS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 5.000% PIK, 06/30/28 (EUR) (c) (d) | 155043 | &nbsp;&nbsp;&nbsp; 30617 |
| Loxam SAS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/15/31 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 112162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 05/15/28 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 117531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 05/31/29 (EUR) | 90000 | &nbsp;&nbsp;&nbsp; 106721 |
| Multiversity SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.276%, 3M EURIBOR + 4.250%, 05/17/31 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 115100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 05/17/31 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 115633 |
| RR Donnelley & Sons Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 08/01/29 (144A) | 1456000 | &nbsp;&nbsp;&nbsp; 1473769 |
| Sabre Financial Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.125%, 06/15/29 (144A) | 2022000 | &nbsp;&nbsp;&nbsp; 2069159 |
| Service Corp. International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/15/31 | 653000 | &nbsp;&nbsp;&nbsp; 608684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 10/15/32 (a) | 2242000 | &nbsp;&nbsp;&nbsp; 2237687 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Services—(Continued)** | **Commercial Services—(Continued)** | **Commercial Services—(Continued)** |
| Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/15/33 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; $108969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/15/33 (144A) (EUR) | 715000 | &nbsp;&nbsp;&nbsp; 779125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 08/15/32 (144A) | 2737000 | &nbsp;&nbsp;&nbsp; 2691415 |
| Sotheby's |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 10/15/27 (144A) | 2521000 | &nbsp;&nbsp;&nbsp; 2508923 |
| Sotheby's/Bidfair Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 06/01/29 (144A) | 622000 | &nbsp;&nbsp;&nbsp; 583969 |
| United Rentals North America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 11/15/33 (144A) (a) | 1476000 | &nbsp;&nbsp;&nbsp; 1435232 |
| Veritiv Operating Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 11/30/30 (144A) | 399000 | &nbsp;&nbsp;&nbsp; 414660 |
| Wand NewCo 3, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 01/30/32 (144A) (a) | 1230000 | &nbsp;&nbsp;&nbsp; 1257671 |
| WEX, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/15/33 (144A) (a) | 999000 | &nbsp;&nbsp;&nbsp; 978592 |
| Williams Scotsman, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 08/15/28 (144A) | 251000 | &nbsp;&nbsp;&nbsp; 246921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 04/15/30 (144A) (a) | 554000 | &nbsp;&nbsp;&nbsp; 562747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 10/01/31 (144A) (a) | 245000 | &nbsp;&nbsp;&nbsp; 251218 |
|  |  | &nbsp;&nbsp;&nbsp; 64018562 |
| **Computers — 0.5%** | **Computers — 0.5%** | **Computers — 0.5%** |
| Almaviva-The Italian Innovation Co. SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/30/30 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 109533 |
| Amentum Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 08/01/32 (144A) (a) | 231000 | &nbsp;&nbsp;&nbsp; 239041 |
| Atos SE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.360%, 12/18/29 (EUR) (e) | 105684 | &nbsp;&nbsp;&nbsp; 137717 |
| CACI International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 06/15/33 (144A) | 879000 | &nbsp;&nbsp;&nbsp; 894757 |
| Cedacri SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.484%, 3M EURIBOR + 5.500%, 05/15/28 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 112494 |
| Fortress Intermediate 3, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 06/01/31 (144A) | 1359000 | &nbsp;&nbsp;&nbsp; 1350640 |
| KBR, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 09/30/28 (144A) | 515000 | &nbsp;&nbsp;&nbsp; 503580 |
| Science Applications International Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 04/01/28 (144A) | 264000 | &nbsp;&nbsp;&nbsp; 259809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 11/01/33 (144A) (a) | 656000 | &nbsp;&nbsp;&nbsp; 640173 |
| Seagate Data Storage Technology Pte. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 12/01/34 (144A) (a) | 225000 | &nbsp;&nbsp;&nbsp; 224156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 07/15/30 (144A) | 370000 | &nbsp;&nbsp;&nbsp; 376083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 07/15/31 (144A) | 674000 | &nbsp;&nbsp;&nbsp; 706653 |
|  |  | &nbsp;&nbsp;&nbsp; 5554636 |
| **Cosmetics/Personal Care — 0.1%** | **Cosmetics/Personal Care — 0.1%** | **Cosmetics/Personal Care — 0.1%** |
| Opal Bidco SAS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/31/32 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 112814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/31/32 (144A) | 663000 | &nbsp;&nbsp;&nbsp; 663639 |
| Perrigo Finance Unlimited Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 09/30/32 | 568000 | &nbsp;&nbsp;&nbsp; 518261 |
|  |  | &nbsp;&nbsp;&nbsp; 1294714 |

---

**BHFTI-57**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Distribution/Wholesale — 0.2%** | **Distribution/Wholesale — 0.2%** | **Distribution/Wholesale — 0.2%** |
| American Builders & Contractors Supply Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 11/15/29 (144A) | 24000 | &nbsp;&nbsp;&nbsp; $22750 |
| Gates Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 07/01/29 (144A) (a) | 803000 | &nbsp;&nbsp;&nbsp; 823909 |
| Resideo Funding, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 07/15/32 (144A) (a) | 1190000 | &nbsp;&nbsp;&nbsp; 1172479 |
|  |  | &nbsp;&nbsp;&nbsp; 2019138 |
| **Diversified Financial Services — 3.7%** | **Diversified Financial Services — 3.7%** | **Diversified Financial Services — 3.7%** |
| Apollo Global Management, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 5Y H15 + 2.168%, 12/15/54 (a) (b) | 921000 | &nbsp;&nbsp;&nbsp; 863529 |
| Azorra Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 02/15/34 (144A) | 323000 | &nbsp;&nbsp;&nbsp; 299773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 01/15/31 (144A) (a) | 313000 | &nbsp;&nbsp;&nbsp; 316033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 04/15/30 (144A) | 428000 | &nbsp;&nbsp;&nbsp; 440828 |
| Brookfield Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.300%, 5Y H15 + 2.076%, 01/15/55 (b) | 1480000 | &nbsp;&nbsp;&nbsp; 1417599 |
| CrossCountry Intermediate HoldCo LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/01/30 (144A) | 202000 | &nbsp;&nbsp;&nbsp; 192534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 12/01/32 (144A) | 164000 | &nbsp;&nbsp;&nbsp; 154316 |
| Focus Financial Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 09/15/31 (144A) (a) | 1253000 | &nbsp;&nbsp;&nbsp; 1244413 |
| Freedom Mortgage Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 05/01/31 (144A) | 170000 | &nbsp;&nbsp;&nbsp; 158934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 04/01/32 (144A) | 62000 | &nbsp;&nbsp;&nbsp; 60989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.125%, 05/15/31 (144A) | 799000 | &nbsp;&nbsp;&nbsp; 812184 |
| Garfunkelux Holdco 3 SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 09/01/28 (EUR) | 159000 | &nbsp;&nbsp;&nbsp; 184693 |
| GGAM Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/15/30 (144A) | 242000 | &nbsp;&nbsp;&nbsp; 241115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/15/29 (144A) (a) | 701000 | &nbsp;&nbsp;&nbsp; 716594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 06/15/28 (144A) (a) | 335000 | &nbsp;&nbsp;&nbsp; 347682 |
| Global Aircraft Leasing Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 09/01/27 (144A) | 1156000 | &nbsp;&nbsp;&nbsp; 1172808 |
| Intrum Investments & Financing AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 09/11/27 (EUR) | 142000 | &nbsp;&nbsp;&nbsp; 163166 |
| Jane Street Group/JSG Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 11/01/32 (144A) | 206000 | &nbsp;&nbsp;&nbsp; 203711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/01/33 (144A) | 685000 | &nbsp;&nbsp;&nbsp; 694979 |
| Lehman Brothers Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 02/05/14 (EUR) (d) | 4500000 | &nbsp;&nbsp;&nbsp; 14044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/16/14 (EUR) (d) | 2140000 | &nbsp;&nbsp;&nbsp; 6679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 10/17/12 (EUR) (d) | 350000 | &nbsp;&nbsp;&nbsp; 1092 |
| Midcap Financial Issuer Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 01/15/30 (144A) (a) | 800000 | &nbsp;&nbsp;&nbsp; 745488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 05/01/28 (144A) | 1000000 | &nbsp;&nbsp;&nbsp; 970384 |
| Navient Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 06/15/32 (a) | 374000 | &nbsp;&nbsp;&nbsp; 333439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.375%, 07/25/30 | 174000 | &nbsp;&nbsp;&nbsp; 169623 |
| OneMain Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/15/30 (a) | 437000 | &nbsp;&nbsp;&nbsp; 394647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 11/15/29 | 985000 | &nbsp;&nbsp;&nbsp; 949848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 05/15/30 | 914000 | &nbsp;&nbsp;&nbsp; 893747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/15/33 (a) | 982000 | &nbsp;&nbsp;&nbsp; 938719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 05/15/29 | 425000 | &nbsp;&nbsp;&nbsp; 425413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/15/32 | 916000 | &nbsp;&nbsp;&nbsp; 888737 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Diversified Financial Services—(Continued)** | **Diversified Financial Services—(Continued)** | **Diversified Financial Services—(Continued)** |
| OneMain Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 09/15/33 | 1808000 | &nbsp;&nbsp;&nbsp; $1733606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 11/15/31 (a) | 947000 | &nbsp;&nbsp;&nbsp; 938284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 09/15/32 (a) | 348000 | &nbsp;&nbsp;&nbsp; 342730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 05/15/31 | 181000 | &nbsp;&nbsp;&nbsp; 181967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 03/15/30 | 567000 | &nbsp;&nbsp;&nbsp; 585131 |
| Osaic Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 08/01/32 (144A) | 947000 | &nbsp;&nbsp;&nbsp; 947118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 08/01/33 (144A) (a) | 1582000 | &nbsp;&nbsp;&nbsp; 1561754 |
| PennyMac Financial Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 02/15/34 (144A) | 385000 | &nbsp;&nbsp;&nbsp; 360298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 05/15/32 (144A) (a) | 1007000 | &nbsp;&nbsp;&nbsp; 971747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 11/15/30 (144A) | 345000 | &nbsp;&nbsp;&nbsp; 342852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 12/15/29 (144A) | 554000 | &nbsp;&nbsp;&nbsp; 566723 |
| Phoenix Aviation Capital Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 07/15/30 (144A) (a) | 2686000 | &nbsp;&nbsp;&nbsp; 2702895 |
| PRA Group Europe Holding II SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 09/30/32 (EUR) | 101000 | &nbsp;&nbsp;&nbsp; 110413 |
| Rocket Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 08/01/30 (144A) | 2586000 | &nbsp;&nbsp;&nbsp; 2609861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 08/01/33 (144A) | 2448000 | &nbsp;&nbsp;&nbsp; 2474301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 08/01/29 (144A) | 1062000 | &nbsp;&nbsp;&nbsp; 1073953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 02/01/32 (144A) | 1529000 | &nbsp;&nbsp;&nbsp; 1575991 |
| Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 10/15/26 (144A) (a) | 912000 | &nbsp;&nbsp;&nbsp; 902134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 03/01/31 (144A) | 95000 | &nbsp;&nbsp;&nbsp; 87664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/15/33 (144A) (a) | 75000 | &nbsp;&nbsp;&nbsp; 67228 |
| Titanium 2l Bondco SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 01/14/31 (EUR) (c) | 437300 | &nbsp;&nbsp;&nbsp; 73291 |
| UWM Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/15/31 (144A) (a) | 1405000 | &nbsp;&nbsp;&nbsp; 1279513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 02/01/30 (144A) (a) | 780000 | &nbsp;&nbsp;&nbsp; 735674 |
|  |  | &nbsp;&nbsp;&nbsp; 38642868 |
| **Electric — 3.2%** | **Electric — 3.2%** | **Electric — 3.2%** |
| AES Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.600%, 5Y H15 + 3.201%, 01/15/55 (b) | 770000 | &nbsp;&nbsp;&nbsp; 763777 |
| Alpha Generation LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 10/15/32 (144A) (a) | 882000 | &nbsp;&nbsp;&nbsp; 894906 |
| California Buyer Ltd./Atlantica Sustainable Infrastructure PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 02/15/32 (144A) | 587000 | &nbsp;&nbsp;&nbsp; 573543 |
| CenterPoint Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.850%, 5Y H15 + 2.946%, 02/15/55 (b) | 227000 | &nbsp;&nbsp;&nbsp; 237842 |
| Clearway Energy Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 01/15/32 (144A) | 571000 | &nbsp;&nbsp;&nbsp; 520502 |
| ContourGlobal Power Holdings SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 07/31/31 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 109457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 02/28/30 (144A) | 1400000 | &nbsp;&nbsp;&nbsp; 1415736 |
| Dominion Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 5Y H15 + 2.207%, 05/15/55 (b) | 175000 | &nbsp;&nbsp;&nbsp; 177679 |
| Duke Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.450%, 5Y H15 + 2.588%, 09/01/54 (a) (b) | 400000 | &nbsp;&nbsp;&nbsp; 413057 |
| EDP SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 5Y EUR Swap + 2.380%, 08/02/81 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 114841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 5Y EUR Swap + 2.052%, 05/29/54 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 116183 |

---

**BHFTI-58**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield 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)** |
| Electricite de France SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 5Y EUR Swap + 3.373%, 12/15/26 (EUR) (b) | 200000 | &nbsp;&nbsp;&nbsp; $229132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 5Y EUR Swap + 3.198%, 09/03/27 (EUR) (b) | 200000 | &nbsp;&nbsp;&nbsp; 227413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 5Y EUR Swap + 2.074%, 01/06/31 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 112040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 5Y EUR Swap + 2.943%, 09/17/29 (EUR) (b) | 200000 | &nbsp;&nbsp;&nbsp; 233125 |
| Enel SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 5Y EUR Swap + 2.009%, 01/14/30 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 113864 |
| Lightning Power LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 08/15/32 (144A) † | 237000 | &nbsp;&nbsp;&nbsp; 246356 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 5Y H15 + 2.053%, 08/15/55 (b) | 640000 | &nbsp;&nbsp;&nbsp; 652001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 5Y H15 + 2.457%, 06/15/54 (b) | 395000 | &nbsp;&nbsp;&nbsp; 408641 |
| NRG Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 01/15/34 (144A) | 2215000 | &nbsp;&nbsp;&nbsp; 2184930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/33 (144A) (a) | 1956000 | &nbsp;&nbsp;&nbsp; 1956499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/15/36 (144A) (a) | 4190000 | &nbsp;&nbsp;&nbsp; 4151901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 11/01/34 (144A) (a) | 1206000 | &nbsp;&nbsp;&nbsp; 1215614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.250%, 5Y H15 + 5.920%, 03/15/28 (144A) (a) (b) | 1395000 | &nbsp;&nbsp;&nbsp; 1504816 |
| Orsted AS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 5Y UKG + 2.136%, 12/31/99 (GBP) (b) | 100000 | &nbsp;&nbsp;&nbsp; 100283 |
| Pattern Energy Operations LP/Pattern Energy Operations, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/15/28 (144A) | 109000 | &nbsp;&nbsp;&nbsp; 106433 |
| PG&E Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.850%, 5Y H15 + 3.225%, 09/15/56 (b) | 968000 | &nbsp;&nbsp;&nbsp; 956508 |
| Talen Energy Supply LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 06/01/30 (144A) | 171000 | &nbsp;&nbsp;&nbsp; 179392 |
| TransAlta Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 02/01/34 | 576000 | &nbsp;&nbsp;&nbsp; 572123 |
| Vistra Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 5Y H15 + 5.740%, 12/15/26 (144A) (b) | 2192000 | &nbsp;&nbsp;&nbsp; 2194810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 5Y H15 + 6.930%, 10/15/26 (144A) (b) | 492000 | &nbsp;&nbsp;&nbsp; 497215 |
| Vistra Operations Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/15/32 (144A) | 902000 | &nbsp;&nbsp;&nbsp; 933522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 10/15/31 (144A) | 402000 | &nbsp;&nbsp;&nbsp; 421088 |
| VoltaGrid LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 11/01/30 (144A) † | 4253000 | &nbsp;&nbsp;&nbsp; 4392537 |
| XPLR Infrastructure Operating Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 04/15/34 (144A) (a) | 2227000 | &nbsp;&nbsp;&nbsp; 2299939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 01/15/31 (144A) (a) | 2098000 | &nbsp;&nbsp;&nbsp; 2208567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 03/15/33 (144A) | 241000 | &nbsp;&nbsp;&nbsp; 254597 |
|  |  | &nbsp;&nbsp;&nbsp; 33690869 |
| **Electrical Components & Equipment — 0.2%** | **Electrical Components & Equipment — 0.2%** | **Electrical Components & Equipment — 0.2%** |
| Prysmian SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 5Y EUR Swap + 3.012%, 05/21/30 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 117352 |
| WESCO Distribution, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 04/15/31 (144A) (a) | 545000 | &nbsp;&nbsp;&nbsp; 541747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/15/34 (144A) (a) | 866000 | &nbsp;&nbsp;&nbsp; 852879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/15/33 (144A) (a) | 425000 | &nbsp;&nbsp;&nbsp; 432974 |
|  |  | &nbsp;&nbsp;&nbsp; 1944952 |
| **Electronics — 0.3%** | **Electronics — 0.3%** | **Electronics — 0.3%** |
| Coherent Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/29 (144A) (a) | 779000 | &nbsp;&nbsp;&nbsp; 764061 |
| Sensata Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 02/15/31 (144A) | 210000 | &nbsp;&nbsp;&nbsp; 194779 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Electronics—(Continued)** | **Electronics—(Continued)** | **Electronics—(Continued)** |
| Sensata Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 02/15/30 (144A) | 956000 | &nbsp;&nbsp;&nbsp; $914255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 07/15/32 (144A) (a) | 1255000 | &nbsp;&nbsp;&nbsp; 1280080 |
|  |  | &nbsp;&nbsp;&nbsp; 3153175 |
| **Engineering & Construction — 0.5%** | **Engineering & Construction — 0.5%** | **Engineering & Construction — 0.5%** |
| AECOM |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/01/33 (144A) | 1305000 | &nbsp;&nbsp;&nbsp; 1303566 |
| Arcosa, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 08/15/32 (144A) (a) | 737000 | &nbsp;&nbsp;&nbsp; 755162 |
| Brand Industrial Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.375%, 08/01/30 (144A) (a) | 2434000 | &nbsp;&nbsp;&nbsp; 2224464 |
| Dycom Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/15/29 (144A) | 304000 | &nbsp;&nbsp;&nbsp; 294876 |
| Heathrow Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 09/01/29 (GBP) (e) | 100000 | &nbsp;&nbsp;&nbsp; 123437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 03/01/31 (GBP) | 100000 | &nbsp;&nbsp;&nbsp; 131269 |
| Weekley Homes LLC/Weekley Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 01/15/34 (144A) | 459000 | &nbsp;&nbsp;&nbsp; 439606 |
|  |  | &nbsp;&nbsp;&nbsp; 5272380 |
| **Entertainment — 2.3%** | **Entertainment — 2.3%** | **Entertainment — 2.3%** |
| Allwyn Entertainment Financing U.K. PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 04/30/30 (EUR) | 90000 | &nbsp;&nbsp;&nbsp; 107491 |
| Boyne USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 05/15/29 (144A) | 570000 | &nbsp;&nbsp;&nbsp; 552898 |
| Brightstar Lottery PLC/Brightstar Global Solutions Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 01/15/33 (144A) | 624000 | &nbsp;&nbsp;&nbsp; 606576 |
| Caesars Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 10/15/29 (144A) (a) | 743000 | &nbsp;&nbsp;&nbsp; 714688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/15/32 (144A) | 780000 | &nbsp;&nbsp;&nbsp; 770919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 02/15/30 (144A) | 1444000 | &nbsp;&nbsp;&nbsp; 1461833 |
| Churchill Downs, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 04/01/30 (144A) | 1741000 | &nbsp;&nbsp;&nbsp; 1721784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/01/31 (144A) (a) | 1709000 | &nbsp;&nbsp;&nbsp; 1741131 |
| Cinemark USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 08/01/32 (144A) (a) | 200000 | &nbsp;&nbsp;&nbsp; 205497 |
| Cirsa Finance International SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 3M EURIBOR + 3.000%, 10/15/32 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 115046 |
| Discovery Global Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.279%, 03/15/32 (a) | 1121000 | &nbsp;&nbsp;&nbsp; 992085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 03/15/42 | 3318000 | &nbsp;&nbsp;&nbsp; 2185917 |
| Entain PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 11/30/31 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 113460 |
| Flutter Treasury DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/04/31 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 111564 |
| Great Canadian Gaming Corp./Raptor LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 11/15/29 (144A) | 819000 | &nbsp;&nbsp;&nbsp; 799022 |
| Light & Wonder International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/01/33 (144A) (a) | 365000 | &nbsp;&nbsp;&nbsp; 357587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 11/15/29 (144A) | 290000 | &nbsp;&nbsp;&nbsp; 295626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 09/01/31 (144A) (a) | 495000 | &nbsp;&nbsp;&nbsp; 508019 |
| Live Nation Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 01/15/28 (144A) | 249000 | &nbsp;&nbsp;&nbsp; 242833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 10/15/27 (144A) | 47000 | &nbsp;&nbsp;&nbsp; 46708 |

---

**BHFTI-59**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield 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)** |
| Merlin Entertainments Group U.S. Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 02/15/31 (144A) (a) | 800000 | &nbsp;&nbsp;&nbsp; $667657 |
| Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 05/01/29 (144A) | 266000 | &nbsp;&nbsp;&nbsp; 257972 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mohegan Tribal Gaming Authority/MS Digital Entertainment <br> Holdings LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 04/15/30 (144A) (a) | 682000 | &nbsp;&nbsp;&nbsp; 698184 |
| Motion Bondco DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 11/15/27 (144A) | 415000 | &nbsp;&nbsp;&nbsp; 397245 |
| Odeon Finco PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.750%, 11/01/27 (144A) | 400000 | &nbsp;&nbsp;&nbsp; 411732 |
| Pinewood Finco PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/27/30 (GBP) | 125000 | &nbsp;&nbsp;&nbsp; 161413 |
| &nbsp;&nbsp;&nbsp;&nbsp; Premier Entertainment Sub LLC/Premier Entertainment Finance <br> Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 09/01/29 (144A) | 307000 | &nbsp;&nbsp;&nbsp; 187270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 09/01/31 (144A) | 450000 | &nbsp;&nbsp;&nbsp; 247500 |
| Rivers Enterprise Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/15/30 (144A) | 389000 | &nbsp;&nbsp;&nbsp; 388018 |
| Rivers Enterprise Borrower LLC/Rivers Enterprise Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 02/01/33 (144A) | 458000 | &nbsp;&nbsp;&nbsp; 454552 |
| Scientific Games Holdings LP/Scientific Games U.S. FinCo, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 03/01/30 (144A) (a) | 745000 | &nbsp;&nbsp;&nbsp; 640903 |
| &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) | 309000 | &nbsp;&nbsp;&nbsp; 309499 |
| Starz Capital Holdings 1, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/15/30 (144A) | 960000 | &nbsp;&nbsp;&nbsp; 880800 |
| Vail Resorts, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 07/15/30 (144A) (a) | 516000 | &nbsp;&nbsp;&nbsp; 511731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 05/15/32 (144A) (a) | 562000 | &nbsp;&nbsp;&nbsp; 568334 |
| Voyager Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 07/01/32 (144A) (a) | 832000 | &nbsp;&nbsp;&nbsp; 863794 |
| Wynn Resorts Finance LLC/Wynn Resorts Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 10/01/29 (144A) | 370000 | &nbsp;&nbsp;&nbsp; 365216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/15/33 (144A) | 1230000 | &nbsp;&nbsp;&nbsp; 1217207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 02/15/31 (144A) | 1351000 | &nbsp;&nbsp;&nbsp; 1416179 |
|  |  | &nbsp;&nbsp;&nbsp; 24295890 |
| **Environmental Control — 1.1%** | **Environmental Control — 1.1%** | **Environmental Control — 1.1%** |
| Biffa Group Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 06/15/31 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 111815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 06/15/31 (GBP) | 100000 | &nbsp;&nbsp;&nbsp; 129249 |
| Clean Harbors, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 07/15/29 (144A) (a) | 402000 | &nbsp;&nbsp;&nbsp; 397064 |
| GFL Environmental Holdings U.S., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/34 (144A) (a) | 1296000 | &nbsp;&nbsp;&nbsp; 1271111 |
| GFL Environmental, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/28 (144A) (a) | 476000 | &nbsp;&nbsp;&nbsp; 462730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 08/15/29 (144A) | 689000 | &nbsp;&nbsp;&nbsp; 670344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 06/15/29 (144A) | 384000 | &nbsp;&nbsp;&nbsp; 376763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 01/15/31 (144A) (a) | 921000 | &nbsp;&nbsp;&nbsp; 953076 |
| Luna 1.5 SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 07/01/32 (144A) (EUR) (c) | 300000 | &nbsp;&nbsp;&nbsp; 367560 |
| Madison IAQ LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 06/30/28 (144A) | 583000 | &nbsp;&nbsp;&nbsp; 569354 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Environmental Control—(Continued)** | **Environmental Control—(Continued)** | **Environmental Control—(Continued)** |
| Madison IAQ LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 06/30/29 (144A) | 1613000 | &nbsp;&nbsp;&nbsp; $1581804 |
| Paprec Holding SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 07/15/30 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 113347 |
| Reworld Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 12/01/29 (144A) | 438000 | &nbsp;&nbsp;&nbsp; 410608 |
| Waste Pro USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 02/01/33 (144A) | 3644000 | &nbsp;&nbsp;&nbsp; 3684999 |
|  |  | &nbsp;&nbsp;&nbsp; 11099824 |
| **Food — 1.9%** | **Food — 1.9%** | **Food — 1.9%** |
| Albertsons Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 03/31/32 (144A) (a) | 391000 | &nbsp;&nbsp;&nbsp; 384946 |
| &nbsp;&nbsp;&nbsp;&nbsp; Albertsons Cos., Inc./Safeway, Inc./New <br> Albertsons LP/Albertsons LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/31/31 (144A) | 445000 | &nbsp;&nbsp;&nbsp; 439959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 03/31/34 (144A) (a) | 1569000 | &nbsp;&nbsp;&nbsp; 1535025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/15/33 (144A) (a) | 416000 | &nbsp;&nbsp;&nbsp; 418789 |
| B&G Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 09/15/28 (144A) (a) | 238000 | &nbsp;&nbsp;&nbsp; 234360 |
| Bellis Acquisition Co. PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 05/14/30 (GBP) | 180000 | &nbsp;&nbsp;&nbsp; 219705 |
| Chobani Holdco II LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 9.500% PIK, 10/01/29 (144A) (c) | 3788148 | &nbsp;&nbsp;&nbsp; 4030196 |
| Chobani LLC/Chobani Finance Corp., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 11/15/28 (144A) | 1047000 | &nbsp;&nbsp;&nbsp; 1029228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 07/01/29 (144A) | 2262000 | &nbsp;&nbsp;&nbsp; 2311441 |
| Darling Global Finance BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/15/32 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 115014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/15/32 (144A) (EUR) | 400000 | &nbsp;&nbsp;&nbsp; 460058 |
| Fiesta Purchaser, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 03/01/31 (144A) | 51000 | &nbsp;&nbsp;&nbsp; 51921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.625%, 09/15/32 (144A) | 237000 | &nbsp;&nbsp;&nbsp; 241378 |
| Froneri Lux FinCo SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 08/01/32 (EUR) | 200000 | &nbsp;&nbsp;&nbsp; 218369 |
| Irca SpA/Gallarate |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 3M EURIBOR + 3.750%, 12/15/29 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 115768 |
| &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) | 431000 | &nbsp;&nbsp;&nbsp; 448693 |
| Lamb Weston Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 01/31/32 (144A) | 627000 | &nbsp;&nbsp;&nbsp; 582453 |
| Lion/Polaris Lux Midco SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.641%, 3M EURIBOR + 3.625%, 07/01/29 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 115348 |
| Market Bidco Finco PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 01/31/31 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 111035 |
| Ocado Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.000%, 06/15/30 (GBP) | 100000 | &nbsp;&nbsp;&nbsp; 131969 |
| Performance Food Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 08/01/29 (144A) | 259000 | &nbsp;&nbsp;&nbsp; 248786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 03/01/34 (144A) | 1649000 | &nbsp;&nbsp;&nbsp; 1590448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 09/15/32 (144A) (a) | 657000 | &nbsp;&nbsp;&nbsp; 658214 |
| Post Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 02/15/32 (144A) | 25000 | &nbsp;&nbsp;&nbsp; 25259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/15/34 (144A) (a) | 981000 | &nbsp;&nbsp;&nbsp; 960601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/01/33 (144A) (a) | 624000 | &nbsp;&nbsp;&nbsp; 614729 |

---

**BHFTI-60**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Food—(Continued)** | **Food—(Continued)** | **Food—(Continued)** |
| Post Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/15/36 (144A) (a) | 1360000 | &nbsp;&nbsp;&nbsp; $1331876 |
| Premier Foods Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/15/26 (GBP) | 100000 | &nbsp;&nbsp;&nbsp; 130892 |
| &nbsp;&nbsp;&nbsp;&nbsp; Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons <br> Pet Food, Inc./Simmons Feed<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/01/29 (144A) (a) | 652000 | &nbsp;&nbsp;&nbsp; 627476 |
| United Natural Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 10/15/28 (144A) | 464000 | &nbsp;&nbsp;&nbsp; 464366 |
|  |  | &nbsp;&nbsp;&nbsp; 19848302 |
| **Food Service — 0.0%** | **Food Service — 0.0%** | **Food Service — 0.0%** |
| Aramark Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/01/28 (144A) | 236000 | &nbsp;&nbsp;&nbsp; 234607 |
| Elior Group SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 03/15/30 (EUR) | 125000 | &nbsp;&nbsp;&nbsp; 145825 |
|  |  | &nbsp;&nbsp;&nbsp; 380432 |
| **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** |
| Ahlstrom Holding 3 OYJ |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 02/04/28 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 112275 |
| Sappi Papier Holding GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/15/32 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 103133 |
|  |  | &nbsp;&nbsp;&nbsp; 215408 |
| **Gas — 1.0%** | **Gas — 1.0%** | **Gas — 1.0%** |
| AltaGas Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.200%, 5Y H15 + 3.573%, 10/15/54 (144A) (b) | 560000 | &nbsp;&nbsp;&nbsp; 567827 |
| AmeriGas Partners LP/AmeriGas Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 06/01/30 (144A) | 340000 | &nbsp;&nbsp;&nbsp; 360202 |
| Venture Global Plaquemines LNG LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 12/15/30 (144A) (a) | 1680000 | &nbsp;&nbsp;&nbsp; 1727756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 01/15/34 (144A) | 2384000 | &nbsp;&nbsp;&nbsp; 2485187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 01/15/36 (144A) | 2935000 | &nbsp;&nbsp;&nbsp; 3108611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 05/01/33 (144A) (a) | 721000 | &nbsp;&nbsp;&nbsp; 792526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 05/01/35 (144A) | 1340000 | &nbsp;&nbsp;&nbsp; 1501842 |
|  |  | &nbsp;&nbsp;&nbsp; 10543951 |
| **Hand/Machine Tools — 0.0%** | **Hand/Machine Tools — 0.0%** | **Hand/Machine Tools — 0.0%** |
| IMA Industria Macchine Automatiche SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 01/15/28 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 113514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.766%, 3M EURIBOR + 3.750%, 04/15/29 (EUR) (b) | 200000 | &nbsp;&nbsp;&nbsp; 231198 |
|  |  | &nbsp;&nbsp;&nbsp; 344712 |
| **Healthcare-Products — 1.0%** | **Healthcare-Products — 1.0%** | **Healthcare-Products — 1.0%** |
| Avantor Funding, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 07/15/28 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 114608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 07/15/28 (144A) | 766000 | &nbsp;&nbsp;&nbsp; 747626 |
| Bausch & Lomb Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 10/01/28 (144A) | 3047000 | &nbsp;&nbsp;&nbsp; 3146027 |
| Hologic, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 02/15/29 (144A) | 40000 | &nbsp;&nbsp;&nbsp; 39931 |
| Insulet Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/01/33 (144A) | 507000 | &nbsp;&nbsp;&nbsp; 517496 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Healthcare-Products—(Continued)** | **Healthcare-Products—(Continued)** | **Healthcare-Products—(Continued)** |
| Medline Borrower LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 10/01/29 (144A) | 4263000 | &nbsp;&nbsp;&nbsp; $4225457 |
| Medline Borrower LP/Medline Co-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 04/01/29 (144A) (a) | 872000 | &nbsp;&nbsp;&nbsp; 888553 |
| Neogen Food Safety Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 07/20/30 (144A) | 271000 | &nbsp;&nbsp;&nbsp; 284638 |
|  |  | &nbsp;&nbsp;&nbsp; 9964336 |
| **Healthcare-Services — 2.6%** | **Healthcare-Services — 2.6%** | **Healthcare-Services — 2.6%** |
| Acadia Healthcare Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 03/15/33 (144A) (a) | 280000 | &nbsp;&nbsp;&nbsp; 286671 |
| AHP Health Partners, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 07/15/29 (144A) | 1109000 | &nbsp;&nbsp;&nbsp; 1096716 |
| Charles River Laboratories International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/15/31 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 93029 |
| CHS/Community Health Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/15/31 (144A) (a) | 950000 | &nbsp;&nbsp;&nbsp; 875828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 05/15/30 (144A) | 2685000 | &nbsp;&nbsp;&nbsp; 2530565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 01/15/34 (144A) | 3879000 | &nbsp;&nbsp;&nbsp; 4025890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.875%, 01/15/32 (144A) | 650000 | &nbsp;&nbsp;&nbsp; 697360 |
| Clariane SE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 06/27/30 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 119594 |
| Concentra Health Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 07/15/32 (144A) (a) | 996000 | &nbsp;&nbsp;&nbsp; 1029729 |
| DaVita, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 07/15/33 (144A) | 146000 | &nbsp;&nbsp;&nbsp; 148504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 09/01/32 (144A) | 71000 | &nbsp;&nbsp;&nbsp; 72734 |
| Ephios Subco 3 SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 01/31/31 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 121049 |
| Fortrea Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 07/01/30 (144A) | 211000 | &nbsp;&nbsp;&nbsp; 199965 |
| Gruppo San Donato SPA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/31/31 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 112117 |
| HAH Group Holding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 10/01/31 (144A) (a) | 401000 | &nbsp;&nbsp;&nbsp; 351302 |
| HealthEquity, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/29 (144A) | 1169000 | &nbsp;&nbsp;&nbsp; 1130992 |
| IQVIA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 06/01/32 (144A) | 1369000 | &nbsp;&nbsp;&nbsp; 1390207 |
| LifePoint Health, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 02/15/32 (144A) (a) | 830000 | &nbsp;&nbsp;&nbsp; 886375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.875%, 08/15/30 (144A) (a) | 243000 | &nbsp;&nbsp;&nbsp; 256975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 06/01/32 (144A) (a) | 838000 | &nbsp;&nbsp;&nbsp; 855791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.000%, 10/15/30 (144A) (a) | 1479000 | &nbsp;&nbsp;&nbsp; 1590620 |
| Molina Healthcare, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 11/15/30 (144A) | 553000 | &nbsp;&nbsp;&nbsp; 494399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 01/15/33 (144A) (a) | 202000 | &nbsp;&nbsp;&nbsp; 195857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/15/31 (144A) (a) | 972000 | &nbsp;&nbsp;&nbsp; 955578 |
| Prime Healthcare Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.375%, 09/01/29 (144A) | 173000 | &nbsp;&nbsp;&nbsp; 179401 |
| Sotera Health Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 06/01/31 (144A) | 524000 | &nbsp;&nbsp;&nbsp; 541278 |
| Star Parent, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 10/01/30 (144A) (a) | 948000 | &nbsp;&nbsp;&nbsp; 982129 |
| Surgery Center Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 04/15/32 (144A) (a) | 3165000 | &nbsp;&nbsp;&nbsp; 3108578 |

---

**BHFTI-61**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Healthcare-Services—(Continued)** | **Healthcare-Services—(Continued)** | **Healthcare-Services—(Continued)** |
| Tenet Healthcare Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/15/32 (144A) | 387000 | &nbsp;&nbsp;&nbsp; $383431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/15/33 (144A) (a) | 360000 | &nbsp;&nbsp;&nbsp; 364265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/15/31 (a) | 1102000 | &nbsp;&nbsp;&nbsp; 1126391 |
| U.S. Acute Care Solutions LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 05/15/29 (144A) (a) | 762000 | &nbsp;&nbsp;&nbsp; 736129 |
|  |  | &nbsp;&nbsp;&nbsp; 26939449 |
| **Holding Companies-Diversified — 0.0%** | **Holding Companies-Diversified — 0.0%** | **Holding Companies-Diversified — 0.0%** |
| Progroup AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 04/15/29 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 115120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 04/15/31 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 113139 |
| Stena International SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 01/15/31 (144A) (a) | 200000 | &nbsp;&nbsp;&nbsp; 202106 |
|  |  | &nbsp;&nbsp;&nbsp; 430365 |
| **Home Builders — 0.8%** | **Home Builders — 0.8%** | **Home Builders — 0.8%** |
| Ashton Woods USA LLC/Ashton Woods Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 08/01/29 (144A) | 270000 | &nbsp;&nbsp;&nbsp; 255074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 08/01/33 (144A) (a) | 383000 | &nbsp;&nbsp;&nbsp; 369494 |
| Beazer Homes USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 10/15/27 | 150000 | &nbsp;&nbsp;&nbsp; 149274 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brookfield Residential Properties, Inc./Brookfield Residential <br> U.S. LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 02/15/30 (144A) (a) | 679000 | &nbsp;&nbsp;&nbsp; 623412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/15/29 (144A) | 548000 | &nbsp;&nbsp;&nbsp; 519940 |
| Century Communities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 09/15/33 (144A) (a) | 480000 | &nbsp;&nbsp;&nbsp; 470230 |
| Dream Finders Homes, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 08/15/28 (144A) † | 277000 | &nbsp;&nbsp;&nbsp; 281458 |
| Empire Communities Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 05/01/29 (144A) | 136000 | &nbsp;&nbsp;&nbsp; 136557 |
| Installed Building Products, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 02/01/34 (144A) (a) | 602000 | &nbsp;&nbsp;&nbsp; 587429 |
| K Hovnanian Enterprises, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 04/01/31 (144A) (a) | 1468000 | &nbsp;&nbsp;&nbsp; 1451389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 10/01/33 (144A) (a) | 1122000 | &nbsp;&nbsp;&nbsp; 1109537 |
| LGI Homes, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 11/15/32 (144A) (a) | 662000 | &nbsp;&nbsp;&nbsp; 613824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 12/15/28 (144A) | 353000 | &nbsp;&nbsp;&nbsp; 361166 |
| Mattamy Group Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/01/30 (144A) (a) | 368000 | &nbsp;&nbsp;&nbsp; 349876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/15/33 (144A) | 185000 | &nbsp;&nbsp;&nbsp; 173725 |
| Risewell Homes, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 11/01/30 (144A) | 157000 | &nbsp;&nbsp;&nbsp; 153518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 10/01/29 (144A) | 604000 | &nbsp;&nbsp;&nbsp; 610129 |
| STL Holding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 02/15/29 (144A) | 320000 | &nbsp;&nbsp;&nbsp; 330603 |
| Taylor Morrison Communities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 11/15/32 (144A) (a) | 283000 | &nbsp;&nbsp;&nbsp; 283248 |
|  |  | &nbsp;&nbsp;&nbsp; 8829883 |
| **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** |
| Somnigroup International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 10/15/31 (144A) (a) | 171000 | &nbsp;&nbsp;&nbsp; 155465 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Home Furnishings—(Continued)** | **Home Furnishings—(Continued)** | **Home Furnishings—(Continued)** |
| Somnigroup International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/15/29 (144A) | 288000 | &nbsp;&nbsp;&nbsp; $276956 |
|  |  | &nbsp;&nbsp;&nbsp; 432421 |
| **Housewares — 0.2%** | **Housewares — 0.2%** | **Housewares — 0.2%** |
| Newell Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 05/15/30 (a) | 216000 | &nbsp;&nbsp;&nbsp; 207342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 09/15/29 (a) | 169000 | &nbsp;&nbsp;&nbsp; 164958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 05/15/32 (a) | 298000 | &nbsp;&nbsp;&nbsp; 285181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 06/01/28 (144A) | 588000 | &nbsp;&nbsp;&nbsp; 606934 |
| Scotts Miracle-Gro Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 02/01/32 (a) | 614000 | &nbsp;&nbsp;&nbsp; 573454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/15/29 | 102000 | &nbsp;&nbsp;&nbsp; 99712 |
|  |  | &nbsp;&nbsp;&nbsp; 1937581 |
| **Insurance — 6.1%** | **Insurance — 6.1%** | **Insurance — 6.1%** |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 10/15/27 (144A) | 2118000 | &nbsp;&nbsp;&nbsp; 2075761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 11/01/29 (144A) | 2641000 | &nbsp;&nbsp;&nbsp; 2555245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/01/31 (144A) | 116000 | &nbsp;&nbsp;&nbsp; 113906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 10/15/27 (144A) | 197000 | &nbsp;&nbsp;&nbsp; 196850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 04/15/28 (144A) | 257000 | &nbsp;&nbsp;&nbsp; 258401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 01/15/31 (144A) (a) | 2938000 | &nbsp;&nbsp;&nbsp; 2963008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 10/01/32 (144A) | 2220000 | &nbsp;&nbsp;&nbsp; 2198802 |
| AmWINS Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 06/30/29 (144A) | 904000 | &nbsp;&nbsp;&nbsp; 865999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 02/15/29 (144A) (a) | 267000 | &nbsp;&nbsp;&nbsp; 268546 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amynta Agency Borrower, Inc. & Amynta Warranty Borrower, <br> Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 07/15/33 (144A) | 932000 | &nbsp;&nbsp;&nbsp; 883850 |
| &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) | 658000 | &nbsp;&nbsp;&nbsp; 595010 |
| Ardonagh Finco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 02/15/31 (EUR) | 705000 | &nbsp;&nbsp;&nbsp; 809253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 02/15/31 (144A) | 3222000 | &nbsp;&nbsp;&nbsp; 3259752 |
| Ardonagh Group Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 02/15/32 (144A) (a) | 4625000 | &nbsp;&nbsp;&nbsp; 4531401 |
| Asurion LLC/Asurion Co-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 12/31/32 (144A) (a) | 2269000 | &nbsp;&nbsp;&nbsp; 2353969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 02/01/34 (144A) | 2316000 | &nbsp;&nbsp;&nbsp; 2248517 |
| Corebridge Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 5Y H15 + 2.646%, 09/15/54 (b) | 645000 | &nbsp;&nbsp;&nbsp; 633927 |
| &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) | 4511000 | &nbsp;&nbsp;&nbsp; 4548987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 02/15/32 (144A) | 2050000 | &nbsp;&nbsp;&nbsp; 1920747 |
| HUB International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 06/15/30 (144A) | 6262000 | &nbsp;&nbsp;&nbsp; 6414818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 01/31/32 (144A) (a) | 11959000 | &nbsp;&nbsp;&nbsp; 12197738 |
| Jones Deslauriers Insurance Management, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 10/01/33 (144A) | 1137000 | &nbsp;&nbsp;&nbsp; 1040150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 03/15/30 (144A) (a) | 1423000 | &nbsp;&nbsp;&nbsp; 1446377 |
| Panther Escrow Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 06/01/31 (144A) | 7166000 | &nbsp;&nbsp;&nbsp; 7190071 |

---

**BHFTI-62**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield 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)** |
| Ryan Specialty LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 08/01/32 (144A) | 290000 | &nbsp;&nbsp;&nbsp; $286626 |
| Unipol Assicurazioni SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 05/23/34 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 118189 |
| USI, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 01/15/32 (144A) | 1766000 | &nbsp;&nbsp;&nbsp; 1789239 |
|  |  | &nbsp;&nbsp;&nbsp; 63765139 |
| **Internet — 2.4%** | **Internet — 2.4%** | **Internet — 2.4%** |
| Beignet Investor LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.581%, 05/30/49 (144A) | 16072000 | &nbsp;&nbsp;&nbsp; 16524526 |
| Getty Images, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 11/15/30 (144A) (a) | 323000 | &nbsp;&nbsp;&nbsp; 289673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.250%, 02/21/30 (144A) | 494000 | &nbsp;&nbsp;&nbsp; 444891 |
| iliad SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 01/09/32 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 113184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 02/15/30 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 121011 |
| ION Platform Finance U.S., Inc./ION Platform Finance SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 05/01/28 (144A) | 152000 | &nbsp;&nbsp;&nbsp; 141743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/01/28 (144A) (a) | 1687000 | &nbsp;&nbsp;&nbsp; 1575737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 05/01/29 (144A) | 412000 | &nbsp;&nbsp;&nbsp; 383141 |
| Match Group Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 10/01/31 (144A) | 128000 | &nbsp;&nbsp;&nbsp; 113803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 08/01/30 (144A) | 41000 | &nbsp;&nbsp;&nbsp; 37996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 06/01/28 (144A) | 259000 | &nbsp;&nbsp;&nbsp; 253208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 09/15/33 (144A) | 698000 | &nbsp;&nbsp;&nbsp; 678326 |
| Rakuten Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 5Y H15 + 4.250%, 12/15/29 (144A) (b) | 254000 | &nbsp;&nbsp;&nbsp; 251896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 04/15/29 (144A) (a) | 1200000 | &nbsp;&nbsp;&nbsp; 1278718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.250%, 02/15/27 (144A) | 573000 | &nbsp;&nbsp;&nbsp; 593065 |
| Snap, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 03/01/33 (144A) | 1257000 | &nbsp;&nbsp;&nbsp; 1186948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 03/15/34 (144A) (a) | 1114000 | &nbsp;&nbsp;&nbsp; 1047794 |
|  |  | &nbsp;&nbsp;&nbsp; 25035660 |
| **Investment Companies — 0.6%** | **Investment Companies — 0.6%** | **Investment Companies — 0.6%** |
| Apollo Debt Solutions BDC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 08/30/30 (a) | 448000 | &nbsp;&nbsp;&nbsp; 440952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.550%, 03/15/32 | 351000 | &nbsp;&nbsp;&nbsp; 352346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 07/29/31 (a) | 197000 | &nbsp;&nbsp;&nbsp; 199301 |
| ARES Strategic Income Fund |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 09/09/30 (144A) | 510000 | &nbsp;&nbsp;&nbsp; 495918 |
| Bain Capital Specialty Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 03/15/30 | 160000 | &nbsp;&nbsp;&nbsp; 154904 |
| Blue Owl Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 07/15/30 (a) | 625000 | &nbsp;&nbsp;&nbsp; 615968 |
| Compass Group Diversified Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 04/15/29 (144A) | 549684 | &nbsp;&nbsp;&nbsp; 511197 |
| Icahn Enterprises LP/Icahn Enterprises Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 02/01/29 | 345000 | &nbsp;&nbsp;&nbsp; 294409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 05/15/27 (a) | 2014000 | &nbsp;&nbsp;&nbsp; 1973534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 01/15/29 | 461000 | &nbsp;&nbsp;&nbsp; 453233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 11/15/29 (144A) | 831000 | &nbsp;&nbsp;&nbsp; 818658 |
|  |  | &nbsp;&nbsp;&nbsp; 6310420 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Iron/Steel — 0.8%** | **Iron/Steel — 0.8%** | **Iron/Steel — 0.8%** |
| ATI, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 10/01/29 | 277000 | &nbsp;&nbsp;&nbsp; $273305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 10/01/31 (a) | 746000 | &nbsp;&nbsp;&nbsp; 737033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 08/15/30 (a) | 1233000 | &nbsp;&nbsp;&nbsp; 1278583 |
| Big River Steel LLC/BRS Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 01/31/29 (144A) | 1966000 | &nbsp;&nbsp;&nbsp; 1961450 |
| Carpenter Technology Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 03/01/34 (144A) | 764000 | &nbsp;&nbsp;&nbsp; 756963 |
| Cleveland-Cliffs, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 11/01/29 (144A) (a) | 1080000 | &nbsp;&nbsp;&nbsp; 1079903 |
| Commercial Metals Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 11/15/33 (144A) | 882000 | &nbsp;&nbsp;&nbsp; 872727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/15/35 (144A) (a) | 1330000 | &nbsp;&nbsp;&nbsp; 1311175 |
|  |  | &nbsp;&nbsp;&nbsp; 8271139 |
| **Leisure Time — 1.0%** | **Leisure Time — 1.0%** | **Leisure Time — 1.0%** |
| Acushnet Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 12/01/33 (144A) (a) | 288000 | &nbsp;&nbsp;&nbsp; 285771 |
| Carnival Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 08/01/32 (144A) (a) | 383000 | &nbsp;&nbsp;&nbsp; 382875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 06/15/31 (144A) | 616000 | &nbsp;&nbsp;&nbsp; 623571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 02/15/33 (144A) (a) | 1712000 | &nbsp;&nbsp;&nbsp; 1729163 |
| Carnival PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 07/15/31 (144A) (EUR) | 608000 | &nbsp;&nbsp;&nbsp; 684232 |
| Deuce Finco PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 11/20/31 (GBP) | 100000 | &nbsp;&nbsp;&nbsp; 130338 |
| Lindblad Expeditions LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 09/15/30 (144A) | 899000 | &nbsp;&nbsp;&nbsp; 917871 |
| MajorDrive Holdings IV LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 06/01/29 (144A) | 747000 | &nbsp;&nbsp;&nbsp; 552530 |
| NCL Corp. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 01/15/31 (144A) | 103000 | &nbsp;&nbsp;&nbsp; 100071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 09/15/33 (144A) (a) | 1767000 | &nbsp;&nbsp;&nbsp; 1714588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 02/01/32 (144A) | 204000 | &nbsp;&nbsp;&nbsp; 202452 |
| Pinnacle Bidco PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 10/11/28 (GBP) | 100000 | &nbsp;&nbsp;&nbsp; 137261 |
| TUI AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/15/29 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 115166 |
| TUI Cruises GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/30 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 112515 |
| Viking Cruises Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 10/15/33 (144A) (a) | 1501000 | &nbsp;&nbsp;&nbsp; 1481955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.125%, 07/15/31 (144A) (a) | 1353000 | &nbsp;&nbsp;&nbsp; 1427341 |
| Viking Ocean Cruises Ship VII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 02/15/29 (144A) | 314000 | &nbsp;&nbsp;&nbsp; 313526 |
|  |  | &nbsp;&nbsp;&nbsp; 10911226 |
| **Lodging — 1.0%** | **Lodging — 1.0%** | **Lodging — 1.0%** |
| Essendi SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/15/31 (EUR) | 137000 | &nbsp;&nbsp;&nbsp; 154825 |
| Hilton Domestic Operating Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/31/34 (144A) | 667000 | &nbsp;&nbsp;&nbsp; 651644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 09/15/33 (144A) | 101000 | &nbsp;&nbsp;&nbsp; 100544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/15/33 (144A) (a) | 332000 | &nbsp;&nbsp;&nbsp; 334027 |
| Melco Resorts Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 12/04/29 (144A) | 942000 | &nbsp;&nbsp;&nbsp; 904723 |

---

**BHFTI-63**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Lodging—(Continued)** | **Lodging—(Continued)** | **Lodging—(Continued)** |
| Melco Resorts Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 07/17/27 (144A) | 200000 | &nbsp;&nbsp;&nbsp; $197156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 07/21/28 (144A) (a) | 200000 | &nbsp;&nbsp;&nbsp; 195700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 09/24/33 (144A) (a) | 200000 | &nbsp;&nbsp;&nbsp; 191956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 04/17/32 (144A) (a) | 706000 | &nbsp;&nbsp;&nbsp; 716396 |
| MGM China Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 06/26/31 (144A) | 250000 | &nbsp;&nbsp;&nbsp; 254961 |
| MGM Resorts International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 09/15/29 (a) | 825000 | &nbsp;&nbsp;&nbsp; 829888 |
| Station Casinos LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/15/28 (144A) | 422000 | &nbsp;&nbsp;&nbsp; 413618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 12/01/31 (144A) | 186000 | &nbsp;&nbsp;&nbsp; 173666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 03/15/32 (144A) (a) | 363000 | &nbsp;&nbsp;&nbsp; 364408 |
| Wyndham Hotels & Resorts, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 08/15/28 (144A) | 134000 | &nbsp;&nbsp;&nbsp; 130915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 03/01/33 (144A) | 402000 | &nbsp;&nbsp;&nbsp; 395559 |
| Wynn Macau Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 12/15/29 (144A) (a) | 658000 | &nbsp;&nbsp;&nbsp; 630871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/27 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 197989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/26/28 (144A) (a) | 3167000 | &nbsp;&nbsp;&nbsp; 3110433 |
|  |  | &nbsp;&nbsp;&nbsp; 9949279 |
| **Machinery-Construction & Mining — 0.1%** | **Machinery-Construction & Mining — 0.1%** | **Machinery-Construction & Mining — 0.1%** |
| BWX Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 06/30/28 (144A) | 153000 | &nbsp;&nbsp;&nbsp; 148765 |
| Manitowoc Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 10/01/31 (144A) | 352000 | &nbsp;&nbsp;&nbsp; 367586 |
| Terex Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/29 (144A) | 84000 | &nbsp;&nbsp;&nbsp; 82757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/15/32 (144A) (a) | 361000 | &nbsp;&nbsp;&nbsp; 363353 |
|  |  | &nbsp;&nbsp;&nbsp; 962461 |
| **Machinery-Diversified — 0.8%** | **Machinery-Diversified — 0.8%** | **Machinery-Diversified — 0.8%** |
| ATS Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 12/15/28 (144A) (a) | 237000 | &nbsp;&nbsp;&nbsp; 228402 |
| Chart Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 01/01/30 (144A) | 680000 | &nbsp;&nbsp;&nbsp; 706457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 01/01/31 (144A) | 72000 | &nbsp;&nbsp;&nbsp; 75636 |
| Columbus McKinnon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 02/01/33 (144A) (a) | 565000 | &nbsp;&nbsp;&nbsp; 564740 |
| Esab Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 04/01/31 (144A) | 1449000 | &nbsp;&nbsp;&nbsp; 1459158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 04/15/29 (144A) | 636000 | &nbsp;&nbsp;&nbsp; 645476 |
| GrafTech Global Enterprises, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.875%, 12/23/29 (144A) (a) | 384000 | &nbsp;&nbsp;&nbsp; 245259 |
| King U.S. Bidco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.311%, 3M EURIBOR + 3.250%, 12/01/32 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 115018 |
| Lsf12 Helix Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 02/01/33 (144A) | 1377000 | &nbsp;&nbsp;&nbsp; 1325233 |
| TK Elevator Midco GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 07/15/27 (EUR) | 127258 | &nbsp;&nbsp;&nbsp; 146922 |
| TK Elevator U.S. Newco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 07/15/27 (144A) (a) | 2437000 | &nbsp;&nbsp;&nbsp; 2430630 |
|  |  | &nbsp;&nbsp;&nbsp; 7942931 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Media — 4.0%** | **Media — 4.0%** | **Media — 4.0%** |
| Block Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.250%, 03/01/31 (144A) (a) | 225000 | &nbsp;&nbsp;&nbsp; $205862 |
| CCO Holdings LLC/CCO Holdings Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/01/31 (144A) (a) | 1653000 | &nbsp;&nbsp;&nbsp; 1506634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 01/15/34 (144A) (a) | 2110000 | &nbsp;&nbsp;&nbsp; 1805091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/15/30 (144A) (a) | 544000 | &nbsp;&nbsp;&nbsp; 508356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/32 (a) | 58000 | &nbsp;&nbsp;&nbsp; 51810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/33 (144A) (a) | 1230000 | &nbsp;&nbsp;&nbsp; 1070867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 03/01/30 (144A) | 808000 | &nbsp;&nbsp;&nbsp; 766690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/01/32 (144A) (a) | 1470000 | &nbsp;&nbsp;&nbsp; 1329125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 09/01/29 (144A) | 572000 | &nbsp;&nbsp;&nbsp; 573755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 02/01/33 (144A) (a) | 865000 | &nbsp;&nbsp;&nbsp; 867382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 02/01/36 (144A) | 2808000 | &nbsp;&nbsp;&nbsp; 2796337 |
| CSC Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 02/01/28 (144A) | 800000 | &nbsp;&nbsp;&nbsp; 591641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/15/27 (144A) | 1007000 | &nbsp;&nbsp;&nbsp; 873466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.250%, 05/15/28 (144A) | 3539000 | &nbsp;&nbsp;&nbsp; 2891873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.750%, 01/31/29 (144A) | 1305000 | &nbsp;&nbsp;&nbsp; 943704 |
| Directv Financing LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 02/01/30 (144A) | 1347000 | &nbsp;&nbsp;&nbsp; 1344003 |
| Directv Financing LLC/Directv Financing Co-Obligor, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 08/15/27 (144A) | 1213000 | &nbsp;&nbsp;&nbsp; 1211722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 02/15/31 (144A) | 1094000 | &nbsp;&nbsp;&nbsp; 1116787 |
| Discovery Communications LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 03/20/28 | 667000 | &nbsp;&nbsp;&nbsp; 653460 |
| DISH Network Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.750%, 11/15/27 (144A) | 5018000 | &nbsp;&nbsp;&nbsp; 5169769 |
| Gray Media, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 08/15/33 (144A) (a) | 1397000 | &nbsp;&nbsp;&nbsp; 1407716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.625%, 07/15/32 (144A) (a) | 1582000 | &nbsp;&nbsp;&nbsp; 1581900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 07/15/29 (144A) (a) | 350000 | &nbsp;&nbsp;&nbsp; 371928 |
| LCPR Senior Secured Financing DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 10/15/27 (144A) | 1469000 | &nbsp;&nbsp;&nbsp; 980096 |
| Midcontinent Communications |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 08/15/32 (144A) | 332000 | &nbsp;&nbsp;&nbsp; 309208 |
| Sinclair Television Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 02/15/33 (144A) (a) | 1808000 | &nbsp;&nbsp;&nbsp; 1837950 |
| Sirius XM Radio LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/27 (144A) | 1004000 | &nbsp;&nbsp;&nbsp; 1002599 |
| Sunrise FinCo I BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 05/15/32 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 112937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 07/15/31 (144A) (a) | 722000 | &nbsp;&nbsp;&nbsp; 687373 |
| Telenet Finance Luxembourg Notes SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/28 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 196262 |
| Univision Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 06/30/30 (144A) | 477000 | &nbsp;&nbsp;&nbsp; 467422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 08/15/28 (144A) | 2171000 | &nbsp;&nbsp;&nbsp; 2203548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 07/31/31 (144A) | 1744000 | &nbsp;&nbsp;&nbsp; 1752511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.375%, 08/01/32 (144A) | 567000 | &nbsp;&nbsp;&nbsp; 584359 |
| Versant Media Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 01/30/31 (144A) | 322000 | &nbsp;&nbsp;&nbsp; 329535 |
| Virgin Media O2 Vendor Financing Notes VII DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 07/15/33 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 101292 |
| Virgin Media Secured Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 01/15/30 (GBP) | 100000 | &nbsp;&nbsp;&nbsp; 116959 |

---

**BHFTI-64**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield 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)** |
| VZ Secured Financing BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/15/32 (144A) | 200000 | &nbsp;&nbsp;&nbsp; $171439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 01/15/33 (EUR) | 200000 | &nbsp;&nbsp;&nbsp; 213118 |
| Ziggo Bond Co. BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 02/28/30 (144A) | 448000 | &nbsp;&nbsp;&nbsp; 384422 |
| Ziggo BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 01/15/30 (144A) (a) | 787000 | &nbsp;&nbsp;&nbsp; 734967 |
|  |  | &nbsp;&nbsp;&nbsp; 41825875 |
| **Metal Fabricate/Hardware — 0.1%** | **Metal Fabricate/Hardware — 0.1%** | **Metal Fabricate/Hardware — 0.1%** |
| Vallourec SACA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 04/15/32 (144A) (a) | 1406000 | &nbsp;&nbsp;&nbsp; 1473506 |
| **Mining — 2.2%** | **Mining — 2.2%** | **Mining — 2.2%** |
| Aris Mining Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 10/31/29 (144A) | 209000 | &nbsp;&nbsp;&nbsp; 216419 |
| Arsenal AIC Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 10/01/30 (144A) | 419000 | &nbsp;&nbsp;&nbsp; 436249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.500%, 10/01/31 (144A) | 2454000 | &nbsp;&nbsp;&nbsp; 2651552 |
| Constellium SE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 04/15/29 (144A) (a) | 1351000 | &nbsp;&nbsp;&nbsp; 1288535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 06/15/28 (144A) | 512000 | &nbsp;&nbsp;&nbsp; 509476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 08/15/32 (144A) (a) | 2113000 | &nbsp;&nbsp;&nbsp; 2135905 |
| ERO Copper Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/15/30 (144A) | 1474000 | &nbsp;&nbsp;&nbsp; 1456371 |
| First Quantum Minerals Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 02/15/36 (144A) | 2262000 | &nbsp;&nbsp;&nbsp; 2176082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 02/15/34 (144A) | 518000 | &nbsp;&nbsp;&nbsp; 527343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 03/01/33 (144A) (a) | 340000 | &nbsp;&nbsp;&nbsp; 354400 |
| Kaiser Aluminum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/31 (144A) (a) | 2083000 | &nbsp;&nbsp;&nbsp; 1967887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/01/34 (144A) | 2017000 | &nbsp;&nbsp;&nbsp; 1980428 |
| New Gold, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/01/32 (144A) | 843000 | &nbsp;&nbsp;&nbsp; 871289 |
| Novelis Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 08/15/31 (144A) | 2391000 | &nbsp;&nbsp;&nbsp; 2129543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/30/30 (144A) | 354000 | &nbsp;&nbsp;&nbsp; 334911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 08/15/33 (144A) | 2474000 | &nbsp;&nbsp;&nbsp; 2426729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 01/30/30 (144A) (a) | 533000 | &nbsp;&nbsp;&nbsp; 537622 |
| Novelis Sheet Ingot GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 04/15/29 (EUR) | 422000 | &nbsp;&nbsp;&nbsp; 462837 |
|  |  | &nbsp;&nbsp;&nbsp; 22463578 |
| **Miscellaneous Manufacturing — 0.1%** | **Miscellaneous Manufacturing — 0.1%** | **Miscellaneous Manufacturing — 0.1%** |
| Amsted Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/15/33 (144A) | 344000 | &nbsp;&nbsp;&nbsp; 345703 |
| Axon Enterprise, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/15/33 (144A) (a) | 284000 | &nbsp;&nbsp;&nbsp; 289892 |
| Enpro, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 06/01/33 (144A) | 440000 | &nbsp;&nbsp;&nbsp; 445045 |
| Maxam Prill SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/15/30 (EUR) | 200000 | &nbsp;&nbsp;&nbsp; 228455 |
|  |  | &nbsp;&nbsp;&nbsp; 1309095 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Office/Business Equipment — 0.0%** | **Office/Business Equipment — 0.0%** | **Office/Business Equipment — 0.0%** |
| Zebra Technologies Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/01/32 (144A) | 344000 | &nbsp;&nbsp;&nbsp; $346345 |
| **Oil & Gas — 3.5%** | **Oil & Gas — 3.5%** | **Oil & Gas — 3.5%** |
| Aethon United BR LP/Aethon United Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 10/01/29 (144A) | 882000 | &nbsp;&nbsp;&nbsp; 919895 |
| Ascent Resources Utica Holdings LLC/ARU Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 06/30/29 (144A) | 158000 | &nbsp;&nbsp;&nbsp; 157854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 07/15/33 (144A) (a) | 466000 | &nbsp;&nbsp;&nbsp; 474002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 11/01/27 (144A) | 435000 | &nbsp;&nbsp;&nbsp; 507858 |
| Azule Energy Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 01/22/31 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 201425 |
| Breakwater Energy Holdings SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 11/15/30 (144A) | 750000 | &nbsp;&nbsp;&nbsp; 787638 |
| California Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 01/15/34 (144A) | 349000 | &nbsp;&nbsp;&nbsp; 351849 |
| Caturus Energy LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 02/15/30 (144A) | 1713000 | &nbsp;&nbsp;&nbsp; 1777434 |
| Chord Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/15/33 (144A) (a) | 302000 | &nbsp;&nbsp;&nbsp; 311798 |
| CITGO Petroleum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 01/15/29 (144A) | 1418000 | &nbsp;&nbsp;&nbsp; 1464346 |
| CNX Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/01/34 (144A) | 813000 | &nbsp;&nbsp;&nbsp; 791762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 03/01/32 (144A) (a) | 222000 | &nbsp;&nbsp;&nbsp; 228761 |
| Comstock Resources, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 01/15/30 (144A) (a) | 1414000 | &nbsp;&nbsp;&nbsp; 1368143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/01/29 (144A) (a) | 602000 | &nbsp;&nbsp;&nbsp; 594194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/01/29 (144A) | 369000 | &nbsp;&nbsp;&nbsp; 364628 |
| Crescent Energy Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 01/15/33 (144A) (a) | 633000 | &nbsp;&nbsp;&nbsp; 632841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 04/01/32 (144A) (a) | 574000 | &nbsp;&nbsp;&nbsp; 582512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 07/31/29 (144A) (a) | 193000 | &nbsp;&nbsp;&nbsp; 194448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 04/15/32 (144A) | 514000 | &nbsp;&nbsp;&nbsp; 525132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 01/15/34 (144A) (a) | 439000 | &nbsp;&nbsp;&nbsp; 458931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 10/15/30 (144A) | 397000 | &nbsp;&nbsp;&nbsp; 424790 |
| CVR Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 02/15/31 (144A) | 353000 | &nbsp;&nbsp;&nbsp; 355636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 02/15/34 (144A) | 240000 | &nbsp;&nbsp;&nbsp; 240841 |
| DBR Land Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 12/01/30 (144A) | 474000 | &nbsp;&nbsp;&nbsp; 479920 |
| Diamond Foreign Asset Co./Diamond Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 10/01/30 (144A) (a) | 333000 | &nbsp;&nbsp;&nbsp; 351795 |
| Energean PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 05/12/31 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 112455 |
| Gulfport Energy Operating Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 09/01/29 (144A) (a) | 392000 | &nbsp;&nbsp;&nbsp; 400906 |
| Hilcorp Energy I LP/Hilcorp Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 02/01/29 (144A) | 525000 | &nbsp;&nbsp;&nbsp; 517656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/15/30 (144A) | 60000 | &nbsp;&nbsp;&nbsp; 58402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 11/01/28 (144A) | 220000 | &nbsp;&nbsp;&nbsp; 220441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 04/15/32 (144A) | 52000 | &nbsp;&nbsp;&nbsp; 50327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 05/15/34 (144A) | 561000 | &nbsp;&nbsp;&nbsp; 548091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 02/15/35 (144A) (a) | 208000 | &nbsp;&nbsp;&nbsp; 207358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 11/01/33 (144A) (a) | 994000 | &nbsp;&nbsp;&nbsp; 1037072 |

---

**BHFTI-65**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield 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)** |
| Infinity Natural Resources LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 04/01/31 (144A) | 554000 | &nbsp;&nbsp;&nbsp; $556925 |
| Ithaca Energy North Sea PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/31 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 115607 |
| &nbsp;&nbsp;&nbsp;&nbsp; Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance <br> Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 12/01/32 (144A) | 573000 | &nbsp;&nbsp;&nbsp; 589701 |
| Matador Resources Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/15/34 (144A) | 712000 | &nbsp;&nbsp;&nbsp; 707498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/15/32 (144A) (a) | 487000 | &nbsp;&nbsp;&nbsp; 492303 |
| Murphy Oil Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 12/01/42 | 64000 | &nbsp;&nbsp;&nbsp; 54309 |
| Nabors Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 11/15/32 (144A) (a) | 465000 | &nbsp;&nbsp;&nbsp; 475996 |
| Noble Finance II LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 04/15/30 (144A) | 154000 | &nbsp;&nbsp;&nbsp; 158556 |
| Northern Oil & Gas, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 10/15/33 (144A) (a) | 994000 | &nbsp;&nbsp;&nbsp; 1028445 |
| PBF Holding Co. LLC/PBF Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 09/15/30 (144A) (a) | 477000 | &nbsp;&nbsp;&nbsp; 489837 |
| Permian Resources Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 07/01/29 (144A) (a) | 830000 | &nbsp;&nbsp;&nbsp; 830947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 02/01/33 (144A) | 1073000 | &nbsp;&nbsp;&nbsp; 1092996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 01/15/32 (144A) (a) | 288000 | &nbsp;&nbsp;&nbsp; 298223 |
| SM Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 04/15/34 (144A) | 1625000 | &nbsp;&nbsp;&nbsp; 1620409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 07/01/31 (144A) (a) | 295000 | &nbsp;&nbsp;&nbsp; 308361 |
| Sunoco LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 03/15/31 (144A) (a) | 342000 | &nbsp;&nbsp;&nbsp; 340431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/15/34 (144A) | 347000 | &nbsp;&nbsp;&nbsp; 343167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 07/01/33 (144A) (a) | 473000 | &nbsp;&nbsp;&nbsp; 475061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 08/15/32 (144A) (a) | 490000 | &nbsp;&nbsp;&nbsp; 497677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 5Y H15 + 4.230%, 09/18/30 (144A) (b) | 4580000 | &nbsp;&nbsp;&nbsp; 4676299 |
| TGNR Intermediate Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/15/29 (144A) (a) | 658000 | &nbsp;&nbsp;&nbsp; 643361 |
| Transocean International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 10/15/32 (144A) | 505000 | &nbsp;&nbsp;&nbsp; 539593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 05/15/29 (144A) | 188000 | &nbsp;&nbsp;&nbsp; 194252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 05/15/31 (144A) (a) | 552000 | &nbsp;&nbsp;&nbsp; 578936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 02/15/30 (144A) | 210000 | &nbsp;&nbsp;&nbsp; 218441 |
| Valaris Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 04/30/30 (144A) | 481000 | &nbsp;&nbsp;&nbsp; 498408 |
| Var Energi ASA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.862%, 5Y EUR Swap + 4.765%, 11/15/83 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 124665 |
| Wildfire Intermediate Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 10/15/29 (144A) | 860000 | &nbsp;&nbsp;&nbsp; 871410 |
| Wintershall Dea Finance 2 BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.117%, 5Y EUR Swap + 3.940%, 05/08/30 (EUR) (b) | 113000 | &nbsp;&nbsp;&nbsp; 131991 |
|  |  | &nbsp;&nbsp;&nbsp; 36654946 |
| **Oil & Gas Services — 1.4%** | **Oil & Gas Services — 1.4%** | **Oil & Gas Services — 1.4%** |
| Archrock Partners LP/Archrock Partners Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 04/01/28 (144A) | 1388000 | &nbsp;&nbsp;&nbsp; 1388000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 09/01/32 (144A) (a) | 1173000 | &nbsp;&nbsp;&nbsp; 1196055 |
| Archrock Services LP/Archrock Partners Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/34 (144A) (a) | 1372000 | &nbsp;&nbsp;&nbsp; 1358367 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Oil & Gas Services—(Continued)** | **Oil & Gas Services—(Continued)** | **Oil & Gas Services—(Continued)** |
| Enerflex, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 01/15/31 (144A) | 103000 | &nbsp;&nbsp;&nbsp; $105166 |
| Kodiak Gas Services LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 04/01/31 (144A) | 1382000 | &nbsp;&nbsp;&nbsp; 1388844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/01/33 (144A) | 882000 | &nbsp;&nbsp;&nbsp; 891527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 10/01/35 (144A) (a) | 827000 | &nbsp;&nbsp;&nbsp; 840159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 02/15/29 (144A) | 1388000 | &nbsp;&nbsp;&nbsp; 1438044 |
| Oceaneering International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/28 | 196000 | &nbsp;&nbsp;&nbsp; 196797 |
| OEG Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 09/27/29 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 119051 |
| Star Holding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 08/01/31 (144A) (a) | 673000 | &nbsp;&nbsp;&nbsp; 682782 |
| Tidewater, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.125%, 07/15/30 (144A) | 567000 | &nbsp;&nbsp;&nbsp; 604043 |
| USA Compression Partners LP/USA Compression Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/01/33 (144A) | 1909000 | &nbsp;&nbsp;&nbsp; 1902996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 03/15/29 (144A) (a) | 706000 | &nbsp;&nbsp;&nbsp; 722363 |
| Weatherford International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 10/15/33 (144A) | 1454000 | &nbsp;&nbsp;&nbsp; 1485652 |
|  |  | &nbsp;&nbsp;&nbsp; 14319846 |
| **Packaging & Containers — 2.4%** | **Packaging & Containers — 2.4%** | **Packaging & Containers — 2.4%** |
| Ardagh Group SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 12/01/30 | 97281 | &nbsp;&nbsp;&nbsp; 102005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 12/01/30 (144A) | 1897253 | &nbsp;&nbsp;&nbsp; 1989382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.000%, 6.500% PIK, 12/01/30 (144A) (c) | 1000000 | &nbsp;&nbsp;&nbsp; 840350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.000%, 7.500% PIK, 12/01/30 (EUR) (c) | 836000 | &nbsp;&nbsp;&nbsp; 793372 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ardagh Metal Packaging Finance USA LLC/Ardagh Metal <br> Packaging Finance PLC<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/29 (EUR) | 200000 | &nbsp;&nbsp;&nbsp; 208552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/29 (144A) | 3978000 | &nbsp;&nbsp;&nbsp; 3642660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 01/30/31 (144A) | 864000 | &nbsp;&nbsp;&nbsp; 856581 |
| Ball Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 07/01/32 (EUR) | 390000 | &nbsp;&nbsp;&nbsp; 445502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/15/33 (a) | 403000 | &nbsp;&nbsp;&nbsp; 403231 |
| Canpack SA/Canpack U.S. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 11/01/27 (EUR) | 400000 | &nbsp;&nbsp;&nbsp; 448704 |
| Clydesdale Acquisition Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 04/15/29 (144A) (a) | 699000 | &nbsp;&nbsp;&nbsp; 686462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 04/15/32 (144A) (a) | 1510000 | &nbsp;&nbsp;&nbsp; 1428677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 01/15/30 (144A) | 1123000 | &nbsp;&nbsp;&nbsp; 1091525 |
| Crown Americas LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 06/01/33 (a) | 1495000 | &nbsp;&nbsp;&nbsp; 1494309 |
| Kleopatra Finco SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 5.000% PIK, 01/30/31 (EUR) (c) | 88707 | &nbsp;&nbsp;&nbsp; 90796 |
| LABL, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 11/01/28 (144A) (d) | 177000 | &nbsp;&nbsp;&nbsp; 84960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 10/01/31 (144A) (d) | 499000 | &nbsp;&nbsp;&nbsp; 239520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 11/01/28 (144A) (d) | 1329000 | &nbsp;&nbsp;&nbsp; 637920 |
| Mauser Packaging Solutions Holding Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 04/15/30 (144A) (a) | 6810000 | &nbsp;&nbsp;&nbsp; 6810000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 04/15/30 (144A) (a) | 384000 | &nbsp;&nbsp;&nbsp; 356800 |
| OI European Group BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 05/15/28 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 115825 |

---

**BHFTI-66**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Packaging & Containers—(Continued)** | **Packaging & Containers—(Continued)** | **Packaging & Containers—(Continued)** |
| Sealed Air Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/27 (144A) | 201000 | &nbsp;&nbsp;&nbsp; $200497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/15/29 (144A) | 165000 | &nbsp;&nbsp;&nbsp; 166238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 07/15/32 (144A) (a) | 148000 | &nbsp;&nbsp;&nbsp; 155246 |
| Sealed Air Corp./Sealed Air Corp. U.S. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 02/15/31 (144A) | 57000 | &nbsp;&nbsp;&nbsp; 59772 |
| Silgan Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/15/31 (144A) (EUR) | 850000 | &nbsp;&nbsp;&nbsp; 950879 |
| Trivium Packaging Finance BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 07/15/30 (EUR) | 220000 | &nbsp;&nbsp;&nbsp; 255537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 07/15/30 (144A) (EUR) | 225000 | &nbsp;&nbsp;&nbsp; 261344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 07/15/30 (144A) | 639000 | &nbsp;&nbsp;&nbsp; 668575 |
|  |  | &nbsp;&nbsp;&nbsp; 25485221 |
| **Pharmaceuticals — 1.9%** | **Pharmaceuticals — 1.9%** | **Pharmaceuticals — 1.9%** |
| 1261229 BC Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 04/15/32 (144A) † | 13200000 | &nbsp;&nbsp;&nbsp; 13514741 |
| Amneal Pharmaceuticals LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 08/01/32 (144A) (a) | 488000 | &nbsp;&nbsp;&nbsp; 502371 |
| Bausch Health Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 06/01/28 (144A) † | 118000 | &nbsp;&nbsp;&nbsp; 108054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.000%, 09/30/28 (144A) † | 2080000 | &nbsp;&nbsp;&nbsp; 2121680 |
| Bayer AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 5Y EUR Swap + 3.432%, 09/25/83 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 119896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 5Y EUR Swap + 3.896%, 09/25/83 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 122533 |
| Dolcetto Holdco SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 07/14/32 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 114810 |
| Grifols SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 11/15/27 (EUR) | 725000 | &nbsp;&nbsp;&nbsp; 827478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 05/01/30 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 119479 |
| Gruenenthal GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 11/15/31 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 113270 |
| Nidda Healthcare Holding GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.234%, 3M EURIBOR + 3.250%, 10/15/32 (EUR) (b) | 112000 | &nbsp;&nbsp;&nbsp; 128425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 02/21/30 (EUR) | 149000 | &nbsp;&nbsp;&nbsp; 175137 |
| Option Care Health, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 10/31/29 (144A) | 599000 | &nbsp;&nbsp;&nbsp; 577315 |
| Organon & Co./Organon Foreign Debt Co-Issuer BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 04/30/28 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 111260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 04/30/28 (144A) | 400000 | &nbsp;&nbsp;&nbsp; 388141 |
| Rossini SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.002%, 3M EURIBOR + 3.875%, 12/31/29 (EUR) (b) | 50064 | &nbsp;&nbsp;&nbsp; 58020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 12/31/29 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 118794 |
| Teva Pharmaceutical Finance Netherlands III BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.150%, 10/01/26 | 659000 | &nbsp;&nbsp;&nbsp; 652449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/01/28 | 200000 | &nbsp;&nbsp;&nbsp; 204982 |
|  |  | &nbsp;&nbsp;&nbsp; 20078835 |
| **Pipelines — 3.4%** | **Pipelines — 3.4%** | **Pipelines — 3.4%** |
| Antero Midstream Partners LP/Antero Midstream Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 06/15/29 (144A) | 469000 | &nbsp;&nbsp;&nbsp; 467496 |
| Blue Racer Midstream LLC/Blue Racer Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 07/15/29 (144A) (a) | 598000 | &nbsp;&nbsp;&nbsp; 617776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 07/15/32 (144A) | 481000 | &nbsp;&nbsp;&nbsp; 499655 |
| Buckeye Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 10/15/44 | 215000 | &nbsp;&nbsp;&nbsp; 188506 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Pipelines—(Continued)** | **Pipelines—(Continued)** | **Pipelines—(Continued)** |
| Buckeye Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 11/15/43 | 318000 | &nbsp;&nbsp;&nbsp; $287823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 02/01/30 (144A) | 182000 | &nbsp;&nbsp;&nbsp; 187826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 07/01/29 (144A) | 53000 | &nbsp;&nbsp;&nbsp; 54549 |
| CNX Midstream Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 04/15/30 (144A) | 287000 | &nbsp;&nbsp;&nbsp; 272863 |
| CQP Holdco LP/BIP-V Chinook Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/15/31 (144A) | 1891000 | &nbsp;&nbsp;&nbsp; 1844184 |
| Delek Logistics Partners LP/Delek Logistics Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 06/30/33 (144A) (a) | 805000 | &nbsp;&nbsp;&nbsp; 811655 |
| Enbridge, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.200%, 5Y H15 + 2.970%, 06/27/54 (a) (b) | 430000 | &nbsp;&nbsp;&nbsp; 452258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 5Y H15 + 3.122%, 03/15/55 (a) (b) | 587000 | &nbsp;&nbsp;&nbsp; 616662 |
| Energy Transfer LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 5Y H15 + 5.694%, 11/15/26 (b) | 1085000 | &nbsp;&nbsp;&nbsp; 1082823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 5Y H15 + 2.829%, 10/01/54 (a) (b) | 829000 | &nbsp;&nbsp;&nbsp; 841989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 5Y H15 + 5.306%, 05/15/30 (b) | 547000 | &nbsp;&nbsp;&nbsp; 556750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 5Y H15 + 4.020%, 05/15/54 (b) | 1251000 | &nbsp;&nbsp;&nbsp; 1310290 |
| Genesis Energy LP/Genesis Energy Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/15/34 | 1494000 | &nbsp;&nbsp;&nbsp; 1486942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 05/15/33 (a) | 291000 | &nbsp;&nbsp;&nbsp; 300688 |
| Global Partners LP/GLP Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 07/01/33 (144A) | 342000 | &nbsp;&nbsp;&nbsp; 344792 |
| Harvest Midstream I LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 05/15/32 (144A) | 267000 | &nbsp;&nbsp;&nbsp; 272146 |
| Hess Midstream Operations LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/15/30 (144A) | 311000 | &nbsp;&nbsp;&nbsp; 298851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/01/29 (144A) | 495000 | &nbsp;&nbsp;&nbsp; 505655 |
| Howard Midstream Energy Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 01/15/34 (144A) | 854000 | &nbsp;&nbsp;&nbsp; 857247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 07/15/32 (144A) | 194000 | &nbsp;&nbsp;&nbsp; 200605 |
| ITT Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 08/01/29 (144A) (a) | 2037000 | &nbsp;&nbsp;&nbsp; 1980653 |
| Kinetik Holdings LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 06/15/30 (144A) (a) | 108000 | &nbsp;&nbsp;&nbsp; 108397 |
| NGL Energy Operating LLC/NGL Energy Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 02/15/29 (144A) | 786000 | &nbsp;&nbsp;&nbsp; 809696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 02/15/32 (144A) | 1547000 | &nbsp;&nbsp;&nbsp; 1594252 |
| Northriver Midstream Finance LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 07/15/32 (144A) (a) | 459000 | &nbsp;&nbsp;&nbsp; 460354 |
| Prairie Acquiror LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 08/01/29 (144A) | 515000 | &nbsp;&nbsp;&nbsp; 531988 |
| Rockies Express Pipeline LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 07/15/29 (144A) | 136000 | &nbsp;&nbsp;&nbsp; 132609 |
| Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/15/28 (144A) (a) | 468000 | &nbsp;&nbsp;&nbsp; 464041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/31 (144A) | 274000 | &nbsp;&nbsp;&nbsp; 270388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 02/15/29 (144A) (a) | 1553000 | &nbsp;&nbsp;&nbsp; 1597629 |
| TransMontaigne Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 06/15/30 (144A) | 154000 | &nbsp;&nbsp;&nbsp; 155685 |
| Venture Global LNG, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 06/01/31 (144A) | 1657000 | &nbsp;&nbsp;&nbsp; 1723239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 5Y H15 + 5.440%, 09/30/29 (144A) (b) | 3304000 | &nbsp;&nbsp;&nbsp; 3290937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 02/01/29 (144A) (a) | 3515000 | &nbsp;&nbsp;&nbsp; 3800750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.875%, 02/01/32 (144A) (a) | 3722000 | &nbsp;&nbsp;&nbsp; 3997383 |
|  |  | &nbsp;&nbsp;&nbsp; 35278032 |

---

**BHFTI-67**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield 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 — 0.4%** | **Real Estate — 0.4%** | **Real Estate — 0.4%** |
| Adler Financing SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 12/31/28 (EUR) (c) | 225935 | &nbsp;&nbsp;&nbsp; $288756 |
| Alexandrite Lake Lux Holdings SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 07/30/30 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 112984 |
| Anywhere Real Estate Group LLC/Anywhere Co-Issuer Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 04/15/30 (144A) | 684346 | &nbsp;&nbsp;&nbsp; 685298 |
| Anywhere Real Estate Group LLC/Realogy Co-Issuer Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 04/15/30 (144A) | 365000 | &nbsp;&nbsp;&nbsp; 387471 |
| Aroundtown Finance SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 5Y EUR Swap + 3.431%, 04/30/31 (EUR) (b) | 225000 | &nbsp;&nbsp;&nbsp; 236651 |
| Cushman & Wakefield U.S. Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 09/01/31 (144A) (a) | 293000 | &nbsp;&nbsp;&nbsp; 310368 |
| Five Point Operating Co. LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 10/01/30 (144A) | 232000 | &nbsp;&nbsp;&nbsp; 231454 |
| Heimstaden Bostad AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 5Y EUR Swap + 3.149%, 02/01/27 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 111866 |
| Howard Hughes Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 02/01/29 (144A) | 382000 | &nbsp;&nbsp;&nbsp; 361330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 02/01/31 (144A) | 158000 | &nbsp;&nbsp;&nbsp; 145052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/01/32 (144A) | 395000 | &nbsp;&nbsp;&nbsp; 380103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 03/01/34 (144A) | 395000 | &nbsp;&nbsp;&nbsp; 379330 |
| New Immo Holding SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 07/23/27 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 113305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 11/14/30 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 111118 |
| Tropicana Entertainment LLC/Tropicana Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.625%, 12/15/14 (d) (f) (g) | 70000 | &nbsp;&nbsp;&nbsp; 0 |
| Unique Pub Finance Co. PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.464%, 03/30/32 (GBP) | 54777 | &nbsp;&nbsp;&nbsp; 74456 |
| Vivion Investments SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 06/08/30 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 108029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 5Y EUR Swap + 6.160%, 03/08/31 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 96728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 02/28/29 (EUR) (c) (e) | 100875 | &nbsp;&nbsp;&nbsp; 116430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 2.250% PIK, 08/31/28 (EUR) (c) | 16620 | &nbsp;&nbsp;&nbsp; 19185 |
|  |  | &nbsp;&nbsp;&nbsp; 4269914 |
| **Real Estate Investment Trusts — 2.4%** | **Real Estate Investment Trusts — 2.4%** | **Real Estate Investment Trusts — 2.4%** |
| Blackstone Mortgage Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 01/15/27 (144A) | 752000 | &nbsp;&nbsp;&nbsp; 739115 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR <br> Nimbus LLC/GGSI Sellco LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/27 (144A) | 894000 | &nbsp;&nbsp;&nbsp; 876901 |
| Diversified Healthcare Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 10/15/30 (144A) † | 370000 | &nbsp;&nbsp;&nbsp; 373179 |
| Iron Mountain Information Management Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/15/32 (144A) (a) | 432000 | &nbsp;&nbsp;&nbsp; 407834 |
| Iron Mountain, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/15/34 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 107554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/15/34 (144A) (EUR) | 1300000 | &nbsp;&nbsp;&nbsp; 1398198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 07/15/32 (144A) | 214000 | &nbsp;&nbsp;&nbsp; 207745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 01/15/33 (144A) (a) | 261000 | &nbsp;&nbsp;&nbsp; 260165 |
| Millrose Properties, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 09/15/32 (144A) (a) | 1377000 | &nbsp;&nbsp;&nbsp; 1351674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 08/01/30 (144A) | 1459000 | &nbsp;&nbsp;&nbsp; 1458546 |
| MPT Operating Partnership LP/MPT Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 02/15/32 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 113749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 02/15/32 (144A) (EUR) | 725000 | &nbsp;&nbsp;&nbsp; 824680 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Real Estate Investment Trusts—(Continued)** | **Real Estate Investment Trusts—(Continued)** | **Real Estate Investment Trusts—(Continued)** |
| MPT Operating Partnership LP/MPT Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 02/15/32 (144A) | 2218000 | &nbsp;&nbsp;&nbsp; $2248635 |
| &nbsp;&nbsp;&nbsp;&nbsp; Park Intermediate Holdings LLC/PK Domestic Property LLC/PK <br> Finance Co-Issuer<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 02/01/30 (144A) | 599000 | &nbsp;&nbsp;&nbsp; 606334 |
| Pebblebrook Hotel LP/PEB Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 10/15/29 (144A) | 317000 | &nbsp;&nbsp;&nbsp; 317575 |
| RHP Hotel Properties LP/RHP Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 03/15/34 (144A) | 1508000 | &nbsp;&nbsp;&nbsp; 1488175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/01/32 (144A) (a) | 1585000 | &nbsp;&nbsp;&nbsp; 1613714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/15/33 (144A) (a) | 1508000 | &nbsp;&nbsp;&nbsp; 1535560 |
| RLJ Lodging Trust LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/15/29 (144A) (a) | 268000 | &nbsp;&nbsp;&nbsp; 251005 |
| SBA Communications Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 02/01/29 (a) | 677000 | &nbsp;&nbsp;&nbsp; 641506 |
| Service Properties Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 09/30/28 (144A) † | 727000 | &nbsp;&nbsp;&nbsp; 661421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 11/15/31 (144A) † | 4612000 | &nbsp;&nbsp;&nbsp; 4816413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 06/15/32 † | 530000 | &nbsp;&nbsp;&nbsp; 525303 |
| Starwood Property Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/15/30 (144A) | 230000 | &nbsp;&nbsp;&nbsp; 229554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 07/01/30 (144A) | 755000 | &nbsp;&nbsp;&nbsp; 771058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/15/30 (144A) (a) | 597000 | &nbsp;&nbsp;&nbsp; 605486 |
| Unibail-Rodamco-Westfield SE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 5Y EUR Swap + 2.432%, 06/11/31 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 114337 |
| Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/15/30 (144A) | 175000 | &nbsp;&nbsp;&nbsp; 164601 |
| XHR LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 05/15/30 (144A) | 297000 | &nbsp;&nbsp;&nbsp; 299853 |
|  |  | &nbsp;&nbsp;&nbsp; 25009870 |
| **Retail — 2.4%** | **Retail — 2.4%** | **Retail — 2.4%** |
| 1011778 BC ULC/New Red Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 01/15/28 (144A) | 571000 | &nbsp;&nbsp;&nbsp; 563001 |
| Advance Auto Parts, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 08/01/30 (144A) | 468000 | &nbsp;&nbsp;&nbsp; 474106 |
| Afflelou SAS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/25/29 (EUR) | 104000 | &nbsp;&nbsp;&nbsp; 122212 |
| Asbury Automotive Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 03/01/30 | 57000 | &nbsp;&nbsp;&nbsp; 54928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/32 (144A) (a) | 124000 | &nbsp;&nbsp;&nbsp; 117430 |
| B&M European Value Retail PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 11/27/31 (GBP) | 100000 | &nbsp;&nbsp;&nbsp; 125045 |
| Boots Group Finco LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 08/31/32 (144A) (EUR) | 1005000 | &nbsp;&nbsp;&nbsp; 1155733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 08/31/32 (144A) (GBP) | 440000 | &nbsp;&nbsp;&nbsp; 578379 |
| Carvana Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 13.000% PIK, 06/01/30 (144A) (c) | 1875218 | &nbsp;&nbsp;&nbsp; 1950701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 14.000% PIK, 06/01/31 (144A) (a) (c) | 3634395 | &nbsp;&nbsp;&nbsp; 3929886 |
| CD&R Firefly Bidco PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 04/30/29 (GBP) | 200000 | &nbsp;&nbsp;&nbsp; 269119 |
| Cougar JV Subsidiary LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 05/15/32 (144A) | 537000 | &nbsp;&nbsp;&nbsp; 555287 |
| Duomo Bidco SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.310%, 3M EURIBOR + 3.250%, 01/15/32 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 113686 |

---

**BHFTI-68**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield 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)** |
| Ferrellgas LP/Ferrellgas Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 01/15/31 (144A) (a) | 465000 | &nbsp;&nbsp;&nbsp; $484502 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., <br> Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 01/15/29 (144A) (a) | 907000 | &nbsp;&nbsp;&nbsp; 866845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 01/15/30 (144A) (a) | 364000 | &nbsp;&nbsp;&nbsp; 339995 |
| Global Auto Holdings Ltd./AAG FH U.K. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.500%, 08/15/29 (144A) | 320000 | &nbsp;&nbsp;&nbsp; 318372 |
| Goldstory SAS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 02/01/30 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 112998 |
| Group 1 Automotive, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 01/15/30 (144A) | 366000 | &nbsp;&nbsp;&nbsp; 368455 |
| Ken Garff Automotive LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 09/15/28 (144A) | 144000 | &nbsp;&nbsp;&nbsp; 141457 |
| LCM Investments Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 05/01/29 (144A) | 236000 | &nbsp;&nbsp;&nbsp; 229653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 08/01/31 (144A) | 621000 | &nbsp;&nbsp;&nbsp; 645061 |
| Lithia Motors, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/30 (144A) (a) | 481000 | &nbsp;&nbsp;&nbsp; 471346 |
| Michaels Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 03/15/33 (144A) | 1325000 | &nbsp;&nbsp;&nbsp; 1289880 |
| PetSmart LLC/PetSmart Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 09/15/32 (144A) | 250000 | &nbsp;&nbsp;&nbsp; 251218 |
| QXO Building Products, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 04/30/32 (144A) (a) | 3080000 | &nbsp;&nbsp;&nbsp; 3141572 |
| Staples, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.750%, 09/01/29 (144A) | 504000 | &nbsp;&nbsp;&nbsp; 466109 |
| Stonegate Pub Co. Financing PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.750%, 07/31/29 (GBP) | 100000 | &nbsp;&nbsp;&nbsp; 131050 |
| Suburban Propane Partners LP/Suburban Energy Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/31 (144A) (a) | 161000 | &nbsp;&nbsp;&nbsp; 151481 |
| White Cap Supply Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 11/15/30 (144A) (a) | 5731000 | &nbsp;&nbsp;&nbsp; 5559029 |
|  |  | &nbsp;&nbsp;&nbsp; 24978536 |
| **Savings & Loans — 0.0%** | **Savings & Loans — 0.0%** | **Savings & Loans — 0.0%** |
| Nationwide Building Society |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 5Y UKG + 3.852%, 12/20/30 (GBP) (b) | 200000 | &nbsp;&nbsp;&nbsp; 265117 |
| **Semiconductors — 0.1%** | **Semiconductors — 0.1%** | **Semiconductors — 0.1%** |
| Amkor Technology, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 10/01/33 (144A) (a) | 211000 | &nbsp;&nbsp;&nbsp; 210137 |
| Kioxia Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 07/24/33 (144A) (a) | 261000 | &nbsp;&nbsp;&nbsp; 268262 |
| MKS, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/15/34 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 110431 |
|  |  | &nbsp;&nbsp;&nbsp; 588830 |
| **Software — 3.5%** | **Software — 3.5%** | **Software — 3.5%** |
| AthenaHealth Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/15/30 (144A) (a) | 5415000 | &nbsp;&nbsp;&nbsp; 5082647 |
| Capstone Borrower, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 06/15/30 (144A) (a) | 823000 | &nbsp;&nbsp;&nbsp; 786360 |
| Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 06/15/29 (144A) | 144000 | &nbsp;&nbsp;&nbsp; 107018 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Software—(Continued)** | **Software—(Continued)** | **Software—(Continued)** |
| Central Parent, Inc./CDK Global, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 06/15/29 (144A) | 656000 | &nbsp;&nbsp;&nbsp; $472132 |
| Cloud Software Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/31/29 (144A) (a) | 4772000 | &nbsp;&nbsp;&nbsp; 4655421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 06/30/32 (144A) | 25000 | &nbsp;&nbsp;&nbsp; 23711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 09/30/29 (144A) | 5628000 | &nbsp;&nbsp;&nbsp; 5429183 |
| CoreLogic, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/28 (144A) | 2934000 | &nbsp;&nbsp;&nbsp; 2754377 |
| CoreWeave, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 06/01/30 (144A) | 963000 | &nbsp;&nbsp;&nbsp; 935708 |
| Ellucian Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/01/29 (144A) | 1006000 | &nbsp;&nbsp;&nbsp; 982624 |
| Fair Isaac Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/15/28 (144A) (a) | 533000 | &nbsp;&nbsp;&nbsp; 517236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/15/33 (144A) | 2247000 | &nbsp;&nbsp;&nbsp; 2204804 |
| IPD 3 BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/15/31 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 108551 |
| OAK-Eagle Acquireco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 07/01/33 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 118059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 07/01/33 (144A) | 3066000 | &nbsp;&nbsp;&nbsp; 3176666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 07/01/34 (144A) | 3008000 | &nbsp;&nbsp;&nbsp; 3149050 |
| Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 02/04/36 (a) | 790000 | &nbsp;&nbsp;&nbsp; 759576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 09/26/45 | 208000 | &nbsp;&nbsp;&nbsp; 179450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 09/26/55 | 279000 | &nbsp;&nbsp;&nbsp; 234715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 09/26/65 | 279000 | &nbsp;&nbsp;&nbsp; 231342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 02/04/56 (a) | 1280000 | &nbsp;&nbsp;&nbsp; 1187973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.850%, 02/04/66 | 480000 | &nbsp;&nbsp;&nbsp; 441275 |
| Playtika Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/15/29 (144A) (a) | 215000 | &nbsp;&nbsp;&nbsp; 167765 |
| SS&C Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/01/32 (144A) | 838000 | &nbsp;&nbsp;&nbsp; 838028 |
| TeamSystem SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.516%, 3M EURIBOR + 3.500%, 07/31/31 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 110835 |
| UKG, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 02/01/31 (144A) (a) | 1852000 | &nbsp;&nbsp;&nbsp; 1809988 |
|  |  | &nbsp;&nbsp;&nbsp; 36464494 |
| **Telecommunications — 8.3%** | **Telecommunications — 8.3%** | **Telecommunications — 8.3%** |
| Altice France SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 10/15/30 (EUR) | 130335 | &nbsp;&nbsp;&nbsp; 142601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 07/15/32 (EUR) | 31672 | &nbsp;&nbsp;&nbsp; 34851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/15/31 (144A) | 560725 | &nbsp;&nbsp;&nbsp; 531770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/15/32 (144A) | 3455378 | &nbsp;&nbsp;&nbsp; 3273915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 10/15/30 (144A) | 179093 | &nbsp;&nbsp;&nbsp; 171320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 07/15/32 (144A) | 1557088 | &nbsp;&nbsp;&nbsp; 1475385 |
| APLD ComputeCo 2 LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/15/31 (144A) | 2198000 | &nbsp;&nbsp;&nbsp; 2181997 |
| APLD ComputeCo LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 12/15/30 (144A) | 807000 | &nbsp;&nbsp;&nbsp; 831470 |
| Black Pearl Compute LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 02/15/31 (144A) (a) | 2313000 | &nbsp;&nbsp;&nbsp; 2354165 |
| British Telecommunications PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 5Y UKG + 3.820%, 12/20/83 (GBP) (b) | 100000 | &nbsp;&nbsp;&nbsp; 138876 |
| Cipher Compute LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 11/15/30 (144A) (a) | 1521000 | &nbsp;&nbsp;&nbsp; 1575800 |

---

**BHFTI-69**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield 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)** |
| Connect Finco SARL/Connect U.S. Finco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 09/15/29 (144A) | 400000 | &nbsp;&nbsp;&nbsp; $420216 |
| Digicel International Finance Ltd./Difl U.S. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 08/01/32 (144A) | 3017000 | &nbsp;&nbsp;&nbsp; 3068986 |
| EchoStar Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 6.750% PIK, 11/30/30 (c) | 6365841 | &nbsp;&nbsp;&nbsp; 6427959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.750%, 11/30/29 | 3434551 | &nbsp;&nbsp;&nbsp; 3710176 |
| eircom Finance DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/30/31 (EUR) | 103000 | &nbsp;&nbsp;&nbsp; 118260 |
| Eutelsat SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 10/13/28 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 109686 |
| Fibercop SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 06/30/30 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 114639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 06/30/32 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 114430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/30/34 (144A) | 1632000 | &nbsp;&nbsp;&nbsp; 1552499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.200%, 07/18/36 (144A) | 1000000 | &nbsp;&nbsp;&nbsp; 992770 |
| Flash Compute LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 12/31/30 (144A) | 2976000 | &nbsp;&nbsp;&nbsp; 2996210 |
| Frontier Communications Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/01/28 (144A) (a) | 1753000 | &nbsp;&nbsp;&nbsp; 1752725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 11/01/29 | 483945 | &nbsp;&nbsp;&nbsp; 486848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/15/30 (144A) | 635000 | &nbsp;&nbsp;&nbsp; 638799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/01/29 (144A) | 300000 | &nbsp;&nbsp;&nbsp; 300375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 05/15/30 (144A) | 2917000 | &nbsp;&nbsp;&nbsp; 2993093 |
| Iliad Holding SAS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 04/15/30 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 116941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/15/31 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 120415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 10/15/28 (144A) | 310000 | &nbsp;&nbsp;&nbsp; 312001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 04/15/32 (144A) (a) | 972000 | &nbsp;&nbsp;&nbsp; 973165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 04/15/31 (144A) | 1300000 | &nbsp;&nbsp;&nbsp; 1360207 |
| Level 3 Financing, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 01/15/29 (144A) | 168000 | &nbsp;&nbsp;&nbsp; 157500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 06/30/33 (144A) | 6594266 | &nbsp;&nbsp;&nbsp; 6715081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 03/31/34 (144A) | 5749000 | &nbsp;&nbsp;&nbsp; 5884595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 01/15/36 (144A) | 5219887 | &nbsp;&nbsp;&nbsp; 5446491 |
| Lorca Telecom Bondco SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/18/27 (EUR) | 14894 | &nbsp;&nbsp;&nbsp; 17209 |
| Sable International Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 10/15/32 (144A) (a) | 1044000 | &nbsp;&nbsp;&nbsp; 1031236 |
| SoftBank Group Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 10/10/29 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 113693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 01/08/29 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 116034 |
| SV RNO Property Owner 1 LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/01/31 (144A) | 6207000 | &nbsp;&nbsp;&nbsp; 6135573 |
| Telecom Italia Capital SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.721%, 06/04/38 | 1031000 | &nbsp;&nbsp;&nbsp; 1148211 |
| Telefonica Emisiones SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.381%, 5Y EUR Swap + 1.841%, 01/19/31 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 111643 |
| Telefonica Europe BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.752%, 8Y EUR Swap + 3.121%, 01/15/32 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 118121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 8Y EUR Swap + 3.615%, 06/07/31 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 123282 |
| Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/15/29 (144A) | 240000 | &nbsp;&nbsp;&nbsp; 233097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 06/15/32 (144A) | 2195000 | &nbsp;&nbsp;&nbsp; 2232974 |
| Uniti Services LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 10/15/33 (144A) | 1090000 | &nbsp;&nbsp;&nbsp; 1133220 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Telecommunications—(Continued)** | **Telecommunications—(Continued)** | **Telecommunications—(Continued)** |
| Viavi Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 10/01/29 (144A) | 467000 | &nbsp;&nbsp;&nbsp; $438154 |
| Vmed O2 U.K. Financing I PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/31/29 (GBP) | 100000 | &nbsp;&nbsp;&nbsp; 123826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 01/31/31 (144A) (a) | 1613000 | &nbsp;&nbsp;&nbsp; 1385308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 07/15/31 (144A) | 600000 | &nbsp;&nbsp;&nbsp; 516220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 04/15/32 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 105884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 01/15/33 (144A) | 1303000 | &nbsp;&nbsp;&nbsp; 1164159 |
| Windstream Services LLC/Windstream Escrow Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 10/01/31 (144A) (a) | 4731000 | &nbsp;&nbsp;&nbsp; 4944638 |
| WULF Compute LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 10/15/30 (144A) (a) | 2872000 | &nbsp;&nbsp;&nbsp; 3034785 |
| Zayo Group Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 5.750% PIK, 03/09/30 (144A) (a) (c) | 1396284 | &nbsp;&nbsp;&nbsp; 1388102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13.750%, 6.625% PIK, 09/09/30 (144A) (a) (c) | 858434 | &nbsp;&nbsp;&nbsp; 801760 |
| Zegona Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 07/15/29 (EUR) | 202600 | &nbsp;&nbsp;&nbsp; 243032 |
|  |  | &nbsp;&nbsp;&nbsp; 86256378 |
| **Transportation — 0.3%** | **Transportation — 0.3%** | **Transportation — 0.3%** |
| Edge Finco PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 08/15/31 (GBP) | 140000 | &nbsp;&nbsp;&nbsp; 191149 |
| Genesee & Wyoming, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 04/15/32 (144A) | 1004000 | &nbsp;&nbsp;&nbsp; 1015998 |
| Poste Italiane SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 5Y EUR Swap + 2.677%, 03/24/29 (EUR) (b) | 150000 | &nbsp;&nbsp;&nbsp; 163319 |
| Rand Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 02/15/30 (144A) | 631000 | &nbsp;&nbsp;&nbsp; 647737 |
| RXO, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 05/15/31 (144A) | 331000 | &nbsp;&nbsp;&nbsp; 317597 |
| SGL Group ApS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.777%, 3M EURIBOR + 4.750%, 04/22/30 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 107496 |
| Stonepeak Nile Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 03/15/32 (144A) (a) | 187000 | &nbsp;&nbsp;&nbsp; 194498 |
| Watco Cos. LLC/Watco Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 08/01/32 (144A) | 225000 | &nbsp;&nbsp;&nbsp; 231079 |
|  |  | &nbsp;&nbsp;&nbsp; 2868873 |
| **Trucking & Leasing — 1.0%** | **Trucking & Leasing — 1.0%** | **Trucking & Leasing — 1.0%** |
| FTAI Aviation Investors LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/01/28 (144A) | 1001000 | &nbsp;&nbsp;&nbsp; 1000646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 04/15/33 (144A) | 4145000 | &nbsp;&nbsp;&nbsp; 4055420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 05/01/31 (144A) | 2698000 | &nbsp;&nbsp;&nbsp; 2765801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 06/15/32 (144A) (a) | 1210000 | &nbsp;&nbsp;&nbsp; 1240391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 12/01/30 (144A) | 831000 | &nbsp;&nbsp;&nbsp; 867726 |
|  |  | &nbsp;&nbsp;&nbsp; 9929984 |
| **Water — 0.0%** | **Water — 0.0%** | **Water — 0.0%** |
| Veolia Environnement SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.322%, 5Y EUR Swap + 1.837%, 10/24/32 (EUR) (b) | 100000 | &nbsp;&nbsp;&nbsp; 112117 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $944,277,991) <br>|  | &nbsp;&nbsp;&nbsp; 942043879 |

---

**BHFTI-70**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield Portfolio**

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

**Floating Rate Loans (h)—6.0%**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Advertising — 0.3%** | **Advertising — 0.3%** | **Advertising — 0.3%** |
| Clear Channel Outdoor Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, 7.782%, 1M TSFR + 4.000%, 08/23/28 | 1439155 | &nbsp;&nbsp;&nbsp; $1445451 |
| CMG Media Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, 7.300%, 3M TSFR + 3.500%, 06/18/29 | 679109 | &nbsp;&nbsp;&nbsp; 637725 |
| Neptune Bidco U.S., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 USD Term Loan B, 8.760%, 3M TSFR + 5.000%, <br> 02/03/33<br>| 462000 | &nbsp;&nbsp;&nbsp; 440633 |
| Summer BC Holdco B SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan B, 8.960%, 3M TSFR + 5.000%, <br> 02/15/29<br>| 225570 | &nbsp;&nbsp;&nbsp; 192863 |
|  |  | &nbsp;&nbsp;&nbsp; 2716672 |
| **Aerospace/Defense — 0.1%** | **Aerospace/Defense — 0.1%** | **Aerospace/Defense — 0.1%** |
| Air Comm Corp. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term Loan, 12/11/31 (i) | 7787 | &nbsp;&nbsp;&nbsp; 7812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 6.423% - 6.450%, 3M TSFR + 2.750%, <br> 12/11/31 (j)<br>| 159345 | &nbsp;&nbsp;&nbsp; 159943 |
| Kaman Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term Loan, 6.200%, 3M TSFR + <br> 2.500%, 02/26/32 (i)<br>| 30159 | &nbsp;&nbsp;&nbsp; 30189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.168% - 6.200%, 1M TSFR + 2.500%, <br> 3M TSFR + 2.500%, 02/26/32 (j)<br>| 401961 | &nbsp;&nbsp;&nbsp; 402365 |
| Propulsion BC Finco SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 6.200%, 3M TSFR + 2.500%, <br> 12/01/32<br>| 171020 | &nbsp;&nbsp;&nbsp; 171251 |
|  |  | &nbsp;&nbsp;&nbsp; 771560 |
| **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** |
| Clarios Global LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 6.418%, 1M TSFR + 2.750%, <br> 01/28/32<br>| 670630 | &nbsp;&nbsp;&nbsp; 669792 |
| Tenneco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan A, 8.506%, 3M TSFR + 4.750%, 11/17/28 | 79554 | &nbsp;&nbsp;&nbsp; 77546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan B, 8.756% - 8.800%, 3M TSFR + 5.000%, <br> 11/17/28 (j)<br>| 501169 | &nbsp;&nbsp;&nbsp; 489893 |
|  |  | &nbsp;&nbsp;&nbsp; 1237231 |
| **Building Materials — 0.1%** | **Building Materials — 0.1%** | **Building Materials — 0.1%** |
| Chamberlain Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.418%, 1M TSFR + 2.750%, 09/08/32 | 120865 | &nbsp;&nbsp;&nbsp; 119836 |
| CP Atlas Buyer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 8.918%, 1M TSFR + 5.250%, 07/08/30 | 264670 | &nbsp;&nbsp;&nbsp; 244985 |
| Wilsonart LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 7.950%, 3M TSFR + 4.250%, 08/05/31 | 447843 | &nbsp;&nbsp;&nbsp; 391863 |
|  |  | &nbsp;&nbsp;&nbsp; 756684 |
| **Chemicals — 0.3%** | **Chemicals — 0.3%** | **Chemicals — 0.3%** |
| Aruba Investments Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2020 2nd Lien Term Loan, 11.523%, 3M TSFR + 7.750%, <br> 11/24/28<br>| 237600 | &nbsp;&nbsp;&nbsp; 214929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2020 USD Term Loan, 7.773%, 3M TSFR + 4.000%, <br> 11/24/27<br>| 154954 | &nbsp;&nbsp;&nbsp; 148804 |
| Discovery Purchaser Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 7.419%, 3M TSFR + 3.750%, 10/04/29 | 651272 | &nbsp;&nbsp;&nbsp; 642215 |
| Lonza Group AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; USD Term Loan B, 7.725%, 3M TSFR + 3.925%, 07/03/28 | 988890 | &nbsp;&nbsp;&nbsp; 865828 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Chemicals—(Continued)** | **Chemicals—(Continued)** | **Chemicals—(Continued)** |
| Olympus Water U.S. Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 6.950%, 3M TSFR + 3.250%, <br> 11/03/32<br>| 572565 | &nbsp;&nbsp;&nbsp; $553241 |
| Oxea Holding Drei GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2017 USD Term Loan B2, 8.502%, 3M TSFR + 4.750%, <br> 04/08/31 †<br>| 125524 | &nbsp;&nbsp;&nbsp; 86926 |
| W.R. Grace & Co.-Conn. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.700%, 3M TSFR + 3.000%, 08/19/32 | 394020 | &nbsp;&nbsp;&nbsp; 393774 |
|  |  | &nbsp;&nbsp;&nbsp; 2905717 |
| **Commercial Services — 0.4%** | **Commercial Services — 0.4%** | **Commercial Services — 0.4%** |
| Allied Universal Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 6.918%, 1M TSFR + 3.250%, <br> 08/20/32<br>| 1273840 | &nbsp;&nbsp;&nbsp; 1274901 |
| Camelot U.S. Acquisition LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Incremental Term Loan B, 6.918%, 1M TSFR + <br> 3.250%, 01/31/31<br>| 678133 | &nbsp;&nbsp;&nbsp; 590612 |
| Crash Champions LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 8.423%, 3M TSFR + 4.750%, 02/23/29 | 917655 | &nbsp;&nbsp;&nbsp; 796854 |
| Galaxy U.S. Opco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 5.667%, 3M TSFR + 2.000%, 3.750% PIK, <br> 07/31/30 (c)<br>| 497295 | &nbsp;&nbsp;&nbsp; 432025 |
| Hertz Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan B, 7.282%, 1M TSFR + 3.500%, 06/30/28 | 315481 | &nbsp;&nbsp;&nbsp; 230301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan C, 7.282%, 1M TSFR + 3.500%, 06/30/28 | 62691 | &nbsp;&nbsp;&nbsp; 45764 |
| Jupiter Buyer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 7.700%, 3M TSFR + 4.000%, 11/01/31 | 180451 | &nbsp;&nbsp;&nbsp; 180789 |
| PECF USS Intermediate Holding III Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan, 11.167%, 3M TSFR + 7.500%, 03/03/33 | 29600 | &nbsp;&nbsp;&nbsp; 29107 |
| Wand NewCo 3, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 6.168%, 1M TSFR + 2.500%, <br> 01/30/31<br>| 341413 | &nbsp;&nbsp;&nbsp; 338959 |
|  |  | &nbsp;&nbsp;&nbsp; 3919312 |
| **Computers — 0.5%** | **Computers — 0.5%** | **Computers — 0.5%** |
| Amentum Government Services Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 5.668%, 1M TSFR + 2.000%, 09/29/31 | 70775 | &nbsp;&nbsp;&nbsp; 70831 |
| Atlas CC Acquisition Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Second Out Term Loan B, 8.182%, 3M TSFR + 4.250%, <br> 05/25/29 †<br>| 429317 | &nbsp;&nbsp;&nbsp; 92661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Second Out Term Loan C, 4.932%, 3M TSFR + 1.000%, <br> 05/25/29 †<br>| 62423 | &nbsp;&nbsp;&nbsp; 13473 |
| Clover Holdings 2 LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fixed Term Loan B, 7.750%, 12/09/31 | 3886922 | &nbsp;&nbsp;&nbsp; 3673141 |
| Fortress Intermediate 3, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.669%, 1M TSFR + 3.000%, 06/27/31 | 90177 | &nbsp;&nbsp;&nbsp; 89613 |
| McAfee LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 USD 1st Lien Term Loan B, 6.668%, 1M TSFR + <br> 3.000%, 03/01/29<br>| 1067298 | &nbsp;&nbsp;&nbsp; 956947 |
|  |  | &nbsp;&nbsp;&nbsp; 4896666 |
| **Distribution/Wholesale — 0.1%** | **Distribution/Wholesale — 0.1%** | **Distribution/Wholesale — 0.1%** |
| BCPE Empire Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 10th Amendment Term Loan, 7.173%, 1M TSFR + <br> 3.500%, 12/29/32<br>| 1071000 | &nbsp;&nbsp;&nbsp; 1056279 |

---

**BHFTI-71**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Diversified Financial Services — 0.1%** | **Diversified Financial Services — 0.1%** | **Diversified Financial Services — 0.1%** |
| Jupiter Borrower, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 03/25/33 (k) | 298000 | &nbsp;&nbsp;&nbsp; $298000 |
| Summit Acquisition, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Add-on Term Loan, 7.168%, 1M TSFR + 3.500%, <br> 10/16/31<br>| 361444 | &nbsp;&nbsp;&nbsp; 361896 |
|  |  | &nbsp;&nbsp;&nbsp; 659896 |
| **Electronics — 0.1%** | **Electronics — 0.1%** | **Electronics — 0.1%** |
| LSF12 Crown U.S. Commercial Bidco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 6.668%, 1M TSFR + 3.000%, 12/02/31 | 606225 | &nbsp;&nbsp;&nbsp; 607438 |
| Resilience Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1st Lien Term Loan, 6.100%, 6M TSFR + 2.500%, 02/28/33 | 755000 | &nbsp;&nbsp;&nbsp; 752452 |
|  |  | &nbsp;&nbsp;&nbsp; 1359890 |
| **Engineering & Construction — 0.3%** | **Engineering & Construction — 0.3%** | **Engineering & Construction — 0.3%** |
| Azuria Water Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Delayed Draw Term Loan, 01/27/33 (k) | 64589 | &nbsp;&nbsp;&nbsp; 64037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 01/27/33 (k) | 484417 | &nbsp;&nbsp;&nbsp; 480784 |
| Brand Industrial Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 8.164%, 3M TSFR + 4.500%, 08/01/30 | 2553194 | &nbsp;&nbsp;&nbsp; 2150535 |
|  |  | &nbsp;&nbsp;&nbsp; 2695356 |
| **Entertainment — 0.1%** | **Entertainment — 0.1%** | **Entertainment — 0.1%** |
| City Football Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, 7.282%, 3M TSFR + 3.500%, 07/22/30 | 476602 | &nbsp;&nbsp;&nbsp; 476006 |
| Great Canadian Gaming Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 8.437%, 3M TSFR + 4.750%, 11/01/29 | 273644 | &nbsp;&nbsp;&nbsp; 269710 |
| OVG Business Services LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 6.668%, 1M TSFR + 3.000%, 06/25/31 | 32365 | &nbsp;&nbsp;&nbsp; 32406 |
|  |  | &nbsp;&nbsp;&nbsp; 778122 |
| **Environmental Control — 0.0%** | **Environmental Control — 0.0%** | **Environmental Control — 0.0%** |
| Heritage Environmental Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 03/18/33 (k) | 201000 | &nbsp;&nbsp;&nbsp; 201251 |
| **Healthcare-Products — 0.3%** | **Healthcare-Products — 0.3%** | **Healthcare-Products — 0.3%** |
| Bausch & Lomb Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan, 7.418%, 1M TSFR + 3.750%, <br> 01/15/31<br>| 1782973 | &nbsp;&nbsp;&nbsp; 1789103 |
| Hologic, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 USD Term Loan B, 01/14/33 (k) | 1765000 | &nbsp;&nbsp;&nbsp; 1745043 |
|  |  | &nbsp;&nbsp;&nbsp; 3534146 |
| **Healthcare-Services — 0.3%** | **Healthcare-Services — 0.3%** | **Healthcare-Services — 0.3%** |
| LifePoint Health, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B, 7.422%, 3M TSFR + 3.750%, <br> 05/19/31<br>| 699627 | &nbsp;&nbsp;&nbsp; 700633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Incremental Term Loan B1, 7.152%, 3M TSFR + <br> 3.500%, 05/19/31<br>| 402712 | &nbsp;&nbsp;&nbsp; 402964 |
| Quorum Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2020 Term Loan, 10.250%, 3M TSFR + 6.500%, 4.000% <br> PIK, 01/28/28 † (c)<br>| 678830 | &nbsp;&nbsp;&nbsp; 471787 |
| Star Parent, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 7.700%, 3M TSFR + 4.000%, 09/27/30 | 1146264 | &nbsp;&nbsp;&nbsp; 1133753 |
|  |  | &nbsp;&nbsp;&nbsp; 2709137 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Housewares — 0.0%** | **Housewares — 0.0%** | **Housewares — 0.0%** |
| Hunter Douglas, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 6.700%, 3M TSFR + 3.000%, <br> 01/20/32<br>| 247358 | &nbsp;&nbsp;&nbsp; $246647 |
| Springs Windows Fashions LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 FLFO A1 Term Loan, 8.168%, 1M TSFR + 4.500%, <br> 12/19/29<br>| 111807 | &nbsp;&nbsp;&nbsp; 111201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 FLFO Delayed Draw Term Loan, 8.168%, 1M TSFR + <br> 4.500%, 12/19/29 (i)<br>| 149076 | &nbsp;&nbsp;&nbsp; 148293 |
|  |  | &nbsp;&nbsp;&nbsp; 506141 |
| **Insurance — 0.2%** | **Insurance — 0.2%** | **Insurance — 0.2%** |
| Ardonagh Midco 3 PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan B, 6.370% - 6.450%, 3M TSFR + <br> 2.750%, 6M TSFR + 2.750%, 02/15/31 (j)<br>| 471002 | &nbsp;&nbsp;&nbsp; 461779 |
| Asurion LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B13, 7.918%, 1M TSFR + 4.250%, <br> 09/19/30<br>| 754456 | &nbsp;&nbsp;&nbsp; 746534 |
| Hyperion Insurance Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.418%, 1M TSFR + 2.750%, 04/18/30 | 84355 | &nbsp;&nbsp;&nbsp; 82445 |
| Jones Deslauriers Insurance Management, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Repriced Term Loan B, 6.664%, 3M TSFR + 3.000%, <br> 02/02/33<br>| 549187 | &nbsp;&nbsp;&nbsp; 535228 |
| Truist Insurance Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2nd Lien Term Loan, 8.450%, 3M TSFR + 4.750%, <br> 05/06/32<br>| 730106 | &nbsp;&nbsp;&nbsp; 724935 |
|  |  | &nbsp;&nbsp;&nbsp; 2550921 |
| **Internet — 0.0%** | **Internet — 0.0%** | **Internet — 0.0%** |
| Proofpoint, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan, 6.700%, 3M TSFR + 3.000%, <br> 08/31/28<br>| 145259 | &nbsp;&nbsp;&nbsp; 140152 |
| **Investment Companies — 0.0%** | **Investment Companies — 0.0%** | **Investment Companies — 0.0%** |
| AAL Delaware Holdco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 6.418%, 1M TSFR + 2.750%, 07/30/31 | 122073 | &nbsp;&nbsp;&nbsp; 122028 |
| **Leisure Time — 0.0%** | **Leisure Time — 0.0%** | **Leisure Time — 0.0%** |
| MajorDrive Holdings IV LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 06/01/28 (k) | 137816 | &nbsp;&nbsp;&nbsp; 125585 |
| Sabre GLBL, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B1, 9.768%, 1M TSFR + 6.000%, <br> 11/15/29<br>| 144934 | &nbsp;&nbsp;&nbsp; 114679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B2, 9.768%, 1M TSFR + 6.000%, <br> 11/15/29<br>| 71058 | &nbsp;&nbsp;&nbsp; 56254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 11th Amendment Term Loan B2, 10.018%, 1M TSFR + <br> 6.250%, 07/30/29<br>| 43400 | &nbsp;&nbsp;&nbsp; 34015 |
|  |  | &nbsp;&nbsp;&nbsp; 330533 |
| **Machinery-Diversified — 0.2%** | **Machinery-Diversified — 0.2%** | **Machinery-Diversified — 0.2%** |
| Arcline FM Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 1st Lien Term Loan, 6.450%, 3M TSFR + 2.750%, <br> 06/23/30 (k)<br>| 213 | &nbsp;&nbsp;&nbsp; 214 |
| CompoSecure Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 5.928%, 1M TSFR + 2.250%, 01/14/33 | 764000 | &nbsp;&nbsp;&nbsp; 763045 |
| GrafTech Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Delayed Draw Term Loan, 12/21/29 (i) | 158974 | &nbsp;&nbsp;&nbsp; 150627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, 9.670%, 3M TSFR + 6.000%, 12/21/29 | 278204 | &nbsp;&nbsp;&nbsp; 263598 |

---

**BHFTI-72**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Machinery-Diversified—(Continued)** | **Machinery-Diversified—(Continued)** | **Machinery-Diversified—(Continued)** |
| LSF12 Helix Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; USD Term Loan B, 7.168%, 1M TSFR + 3.500%, 02/10/33 | 628868 | &nbsp;&nbsp;&nbsp; $621008 |
|  |  | &nbsp;&nbsp;&nbsp; 1798492 |
| **Media — 0.5%** | **Media — 0.5%** | **Media — 0.5%** |
| Altice France SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B14, 10.547%, 3M TSFR + 6.875%, <br> 05/31/31<br>| 655437 | &nbsp;&nbsp;&nbsp; 657895 |
| Coral-U.S. Co-Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B7, 6.922%, 3M TSFR + 3.250%, <br> 01/31/32<br>| 722119 | &nbsp;&nbsp;&nbsp; 711062 |
| CSC Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2019 Term Loan B5, 8.250%, PRIME + 1.500%, 04/15/27 | 1016909 | &nbsp;&nbsp;&nbsp; 898185 |
| DirecTV Financing LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 9.167%, 3M TSFR + 5.500%, 02/17/31 | 1745900 | &nbsp;&nbsp;&nbsp; 1749992 |
| Gray Television, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan D, 6.782%, 1M TSFR + 3.000%, 12/01/28 | 307959 | &nbsp;&nbsp;&nbsp; 308286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 8.918%, 1M TSFR + 5.250%, 06/04/29 | 2890 | &nbsp;&nbsp;&nbsp; 2896 |
| Radiate Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 FLFO Term Loan, 7.282%, 1M TSFR + 3.500%, 1.500% <br> PIK, 09/25/29 (c)<br>| 1274927 | &nbsp;&nbsp;&nbsp; 1132029 |
| Virgin Media Bristol LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2020 USD Term Loan Q, 7.037%, 1M TSFR + 3.250%, <br> 01/31/29<br>| 200000 | &nbsp;&nbsp;&nbsp; 193400 |
|  |  | &nbsp;&nbsp;&nbsp; 5653745 |
| **Metal Fabricate/Hardware — 0.0%** | **Metal Fabricate/Hardware — 0.0%** | **Metal Fabricate/Hardware — 0.0%** |
| Tega MC Australia Holdings Pty. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 03/25/33 (k) | 239000 | &nbsp;&nbsp;&nbsp; 237805 |
| **Packaging & Containers — 0.2%** | **Packaging & Containers — 0.2%** | **Packaging & Containers — 0.2%** |
| LABL, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 USD 1st Lien Term Loan, 10/30/28 (d) | 1048808 | &nbsp;&nbsp;&nbsp; 485074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 USD Interim New Money DIP Term Loan, 10.383%, 3M <br> TSFR + 6.750%, 12/02/26<br>| 181023 | &nbsp;&nbsp;&nbsp; 181400 |
| Mauser Packaging Solutions Holding Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 7.164%, 3M TSFR + 3.500%, 04/15/30 | 1387000 | &nbsp;&nbsp;&nbsp; 1343078 |
|  |  | &nbsp;&nbsp;&nbsp; 2009552 |
| **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** |
| Amneal Pharmaceuticals LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan, 6.668%, 1M TSFR + 3.000%, 08/01/32 | 810414 | &nbsp;&nbsp;&nbsp; 814298 |
| Endo Luxembourg Finance Co. I SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan, 7.418%, 1M TSFR + 3.750%, <br> 04/23/31<br>| 475102 | &nbsp;&nbsp;&nbsp; 472974 |
|  |  | &nbsp;&nbsp;&nbsp; 1287272 |
| **Pipelines — 0.0%** | **Pipelines — 0.0%** | **Pipelines — 0.0%** |
| NGL Energy Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 7.176%, 1M TSFR + 3.500%, 03/11/33 | 327000 | &nbsp;&nbsp;&nbsp; 327818 |
| **Retail — 0.4%** | **Retail — 0.4%** | **Retail — 0.4%** |
| Boots Group Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; USD Term Loan, 6.924%, 3M TSFR + 3.250%, 08/30/32 | 2218440 | &nbsp;&nbsp;&nbsp; 2229071 |
| LBM Acquisition LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Incremental Term Loan B, 06/06/31 (k) | 806947 | &nbsp;&nbsp;&nbsp; 651497 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***/<br> **Shares**<br>| <br>**Value**<br>|
| **Retail—(Continued)** | **Retail—(Continued)** | **Retail—(Continued)** |
| White Cap Buyer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 6.918%, 1M TSFR + 3.250%, 10/19/29 | 1319867 | &nbsp;&nbsp;&nbsp; $1271692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Incremental Term Loan B, 7.168%, 1M TSFR + <br> 3.500%, 02/10/33<br>| 450000 | &nbsp;&nbsp;&nbsp; 429027 |
|  |  | &nbsp;&nbsp;&nbsp; 4581287 |
| **Software — 0.5%** | **Software — 0.5%** | **Software — 0.5%** |
| Athenahealth Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan B, 6.418%, 1M TSFR + 2.750%, 02/15/29 | 722891 | &nbsp;&nbsp;&nbsp; 711273 |
| CoreLogic, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2nd Lien Term Loan, 10.282%, 1M TSFR + 6.500%, <br> 06/04/29<br>| 254226 | &nbsp;&nbsp;&nbsp; 236748 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 7.282%, 1M TSFR + 3.500%, 06/02/28 | 327706 | &nbsp;&nbsp;&nbsp; 314188 |
| Cotiviti Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Fixed Term Loan B, 7.625%, 05/01/31 | 4455144 | &nbsp;&nbsp;&nbsp; 4168344 |
|  |  | &nbsp;&nbsp;&nbsp; 5430553 |
| **Telecommunications — 0.8%** | **Telecommunications — 0.8%** | **Telecommunications — 0.8%** |
| Digicel International Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 8.917%, 1M TSFR + 5.250%, 08/06/32 | 786030 | &nbsp;&nbsp;&nbsp; 784065 |
| Level 3 Financing, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B4, 6.918%, 1M TSFR + 3.250%, <br> 03/29/32<br>| 2397000 | &nbsp;&nbsp;&nbsp; 2400996 |
| Windstream Services LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 7.668%, 1M TSFR + 4.000%, 10/06/32 | 591517 | &nbsp;&nbsp;&nbsp; 593735 |
| Zayo Group Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan, 6.782%, 1M TSFR + 3.000%, 0.500% <br> PIK, 03/11/30 (c)<br>| 4135675 | &nbsp;&nbsp;&nbsp; 4064591 |
|  |  | &nbsp;&nbsp;&nbsp; 7843387 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Floating Rate Loans <br>(Cost $65,475,304) <br>|  | &nbsp;&nbsp;&nbsp; 63017605 |

---

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

---

| | | |
|:---|:---|:---|
| **Common Stocks—0.8%** | **Common Stocks—0.8%** | **Common Stocks—0.8%** |
| **Commercial Services & Supplies — 0.0%** | **Commercial Services & Supplies — 0.0%** | **Commercial Services & Supplies — 0.0%** |
| United Site Services, Inc. (f) (g) (l) | 6967 | &nbsp;&nbsp;&nbsp; 50511 |
| **Containers & Packaging — 0.0%** | **Containers & Packaging — 0.0%** | **Containers & Packaging — 0.0%** |
| New Kleo Holdco (g) (l) | 8892 | &nbsp;&nbsp;&nbsp; 13361 |
| **Diversified Telecommunication Services — 0.0%** | **Diversified Telecommunication Services — 0.0%** | **Diversified Telecommunication Services — 0.0%** |
| Luxco Co. Ltd. (l) | 26587 | &nbsp;&nbsp;&nbsp; 442513 |
| **Food Products — 0.1%** | **Food Products — 0.1%** | **Food Products — 0.1%** |
| Lamb Weston Holdings, Inc.  | 12461 | &nbsp;&nbsp;&nbsp; 526602 |
| **Health Care Equipment & Supplies — 0.0%** | **Health Care Equipment & Supplies — 0.0%** | **Health Care Equipment & Supplies — 0.0%** |
| Medline, Inc. - Class A (l) | 2995 | &nbsp;&nbsp;&nbsp; 133277 |
| **Health Care Providers & Services — 0.0%** | **Health Care Providers & Services — 0.0%** | **Health Care Providers & Services — 0.0%** |
| Quorum Health † (l) | 7776 | &nbsp;&nbsp;&nbsp; 3888 |
| **Life Sciences Tools & Services — 0.1%** | **Life Sciences Tools & Services — 0.1%** | **Life Sciences Tools & Services — 0.1%** |
| IQVIA Holdings, Inc. (l) | 3290 | &nbsp;&nbsp;&nbsp; 561076 |

---

**BHFTI-73**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Metals & Mining — 0.1%** | **Metals & Mining — 0.1%** | **Metals & Mining — 0.1%** |
| Constellium SE (l) | 54867 | &nbsp;&nbsp;&nbsp; $1348631 |
| **Oil, Gas & Consumable Fuels — 0.3%** | **Oil, Gas & Consumable Fuels — 0.3%** | **Oil, Gas & Consumable Fuels — 0.3%** |
| Energy Transfer LP | 112268 | &nbsp;&nbsp;&nbsp; 2166772 |
| Enterprise Products Partners LP | 23116 | &nbsp;&nbsp;&nbsp; 874710 |
|  |  | &nbsp;&nbsp;&nbsp; 3041482 |
| **Real Estate Management & Development — 0.0%** | **Real Estate Management & Development — 0.0%** | **Real Estate Management & Development — 0.0%** |
| ADLER Group SA (f) (g) (l) | 66810 | &nbsp;&nbsp;&nbsp; 0 |
| **Specialized REITs — 0.2%** | **Specialized REITs — 0.2%** | **Specialized REITs — 0.2%** |
| VICI Properties, Inc.  | 75452 | &nbsp;&nbsp;&nbsp; 2061350 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $7,504,148) <br>|  | &nbsp;&nbsp;&nbsp; 8182691 |

---

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

---

| | | |
|:---|:---|:---|
| **Convertible Bonds—0.5%** | **Convertible Bonds—0.5%** | **Convertible Bonds—0.5%** |
| **Commercial Services — 0.0%** | **Commercial Services — 0.0%** | **Commercial Services — 0.0%** |
| Worldline SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/30/26 (EUR) | 6500 | &nbsp;&nbsp;&nbsp; 7604 |
| **Energy-Alternate Sources — 0.2%** | **Energy-Alternate Sources — 0.2%** | **Energy-Alternate Sources — 0.2%** |
| XPLR Infrastructure LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/15/26 (144A) | 1731000 | &nbsp;&nbsp;&nbsp; 1713690 |
| **Home Builders — 0.1%** | **Home Builders — 0.1%** | **Home Builders — 0.1%** |
| Meritage Homes Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 05/15/28 | 1071000 | &nbsp;&nbsp;&nbsp; 1031373 |
| **Lodging — 0.0%** | **Lodging — 0.0%** | **Lodging — 0.0%** |
| Wynn Macau Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/07/29 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 199100 |
| **Media — 0.1%** | **Media — 0.1%** | **Media — 0.1%** |
| Cable One, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 03/15/28 | 1081000 | &nbsp;&nbsp;&nbsp; 812912 |
| **Real Estate Investment Trusts — 0.0%** | **Real Estate Investment Trusts — 0.0%** | **Real Estate Investment Trusts — 0.0%** |
| Digital Realty Trust LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 11/15/29 (144A) | 216000 | &nbsp;&nbsp;&nbsp; 228664 |
| **Semiconductors — 0.1%** | **Semiconductors — 0.1%** | **Semiconductors — 0.1%** |
| Microchip Technology, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 02/15/30 (144A) | 209000 | &nbsp;&nbsp;&nbsp; 203880 |
| ON Semiconductor Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.500%, 03/01/29 | 675000 | &nbsp;&nbsp;&nbsp; 659812 |
|  |  | &nbsp;&nbsp;&nbsp; 863692 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Convertible Bonds <br>(Cost $5,135,993) <br>|  | &nbsp;&nbsp;&nbsp; 4857035 |

---

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

---

| | | |
|:---|:---|:---|
| **Convertible Preferred Stocks—0.1%** | **Convertible Preferred Stocks—0.1%** | **Convertible Preferred Stocks—0.1%** |
| **Financial Services — 0.0%** | **Financial Services — 0.0%** | **Financial Services — 0.0%** |
| Shift4 Payments, Inc., 6.000%, 05/01/28 | 3376 | &nbsp;&nbsp;&nbsp; 181089 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **IT Services — 0.0%** | **IT Services — 0.0%** | **IT Services — 0.0%** |
| Cohesity Global, Inc. - Series G-1 (l) | 902 | &nbsp;&nbsp;&nbsp; $17589 |
| Cohesity Global, Inc. - Series G (l) | 1305 | &nbsp;&nbsp;&nbsp; 25447 |
|  |  | &nbsp;&nbsp;&nbsp; 43036 |
| **Semiconductors & Semiconductor Equipment — 0.1%** | **Semiconductors & Semiconductor Equipment — 0.1%** | **Semiconductors & Semiconductor Equipment — 0.1%** |
| Microchip Technology, Inc., 7.500%, 03/15/28 | 16100 | &nbsp;&nbsp;&nbsp; 917217 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Convertible Preferred Stocks <br>(Cost $1,186,580) <br>|  | &nbsp;&nbsp;&nbsp; 1141342 |
| **Escrow Shares—0.0%** | **Escrow Shares—0.0%** | **Escrow Shares—0.0%** |
| **Diversified Financial Services — 0.0%** | **Diversified Financial Services — 0.0%** | **Diversified Financial Services — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Lehman Brothers Holdings, Inc. (l) <br>(Cost $0)<br>| 2229000 | &nbsp;&nbsp;&nbsp; 223 |

---

&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 $14,034,693; <br> collateralized by U.S. Treasury Note at 4.375%, maturing <br> 07/15/27, with a market value of $14,314,446<br>| 14033718 | &nbsp;&nbsp;&nbsp; 14033718 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $14,033,718) <br>|  | &nbsp;&nbsp;&nbsp; 14033718 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (m)—15.3%** | **Securities Lending Reinvestments (m)—15.3%** | **Securities Lending Reinvestments (m)—15.3%** |
| **Short-Term Investment Funds—2.8%** | **Short-Term Investment Funds—2.8%** | **Short-Term Investment Funds—2.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (n)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Government Portfolio, <br>Class I 3.530% (n)<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br>Institutional Shares 3.530% (n)<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco STIT-Government & Agency Portfolio, <br>Institutional Class 3.580% (n)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares 3.580% (n)<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
|  |  | &nbsp;&nbsp;&nbsp; 29000000 |

---

&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; 3.980%, SOFR + 0.350%, 05/14/26 (b) | 3000000 | &nbsp;&nbsp;&nbsp; 2999996 |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.960%, SOFR + 0.330%, 07/22/26 (b) | 1000000 | &nbsp;&nbsp;&nbsp; 999991 |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.760%, 05/12/26 | 1000000 | &nbsp;&nbsp;&nbsp; 999969 |
| Commonwealth Bank of Australia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 04/13/26 (b) | 1000000 | &nbsp;&nbsp;&nbsp; 1000040 |
| Mitsubishi UFJ Trust & Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/12/26 | 800000 | &nbsp;&nbsp;&nbsp; 793784 |
| Sumitomo Mitsui Trust Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/15/26 | 1000000 | &nbsp;&nbsp;&nbsp; 991900 |

---

**BHFTI-74**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Certificates of Deposit—(Continued)** | **Certificates of Deposit—(Continued)** | **Certificates of Deposit—(Continued)** |
| Sumitomo Mitsui Trust Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/23/26 | 1000000 | &nbsp;&nbsp;&nbsp; $990990 |
|  |  | &nbsp;&nbsp;&nbsp; 8776670 |
| **Commercial Paper—0.3%** | **Commercial Paper—0.3%** | **Commercial Paper—0.3%** |
| Ionic Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.720%, 04/01/26 | 1000000 | &nbsp;&nbsp;&nbsp; 999892 |
| 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 | 1000000 | &nbsp;&nbsp;&nbsp; 997418 |
|  |  | &nbsp;&nbsp;&nbsp; 2997099 |
| **Repurchase Agreements—10.2%** | **Repurchase Agreements—10.2%** | **Repurchase Agreements—10.2%** |
| 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 $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 $3,500,360; collateralized <br> by various Common Stock with an aggregate market value of <br> $3,892,984<br>| 3500000 | &nbsp;&nbsp;&nbsp; 3500000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.770%, due on <br> 04/01/26 with a maturity value of $18,336,920; <br> collateralized by various Common Stock with an aggregate <br> market value of $20,393,673<br>| 18335000 | &nbsp;&nbsp;&nbsp; 18335000 |
| Barclays Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.660%, due on <br> 04/01/26 with a maturity value of $10,001,017; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 4.000% - 4.500%, maturity dates ranging from <br> 05/31/29 - 07/31/29, and an aggregate market value of <br> $10,200,013<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| 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 $22,002,243; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 0.000% - 4.875%, maturity dates ranging from <br> 04/09/26 - 02/15/56, and an aggregate market value of <br> $22,440,000<br>| 22000000 | &nbsp;&nbsp;&nbsp; 22000000 |
| 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 $15,001,538; <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 $15,300,199<br>| 15000000 | &nbsp;&nbsp;&nbsp; 15000000 |
| 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 $5,361,437; collateralized <br> by 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 $5,468,112<br>| 5360893 | &nbsp;&nbsp;&nbsp; 5360893 |
| 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 $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 |

---

---

| | | |
|:---|:---|:---|
| **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 $4,000,420; 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 $4,094,556<br>| 4000000 | &nbsp;&nbsp;&nbsp; $4000000 |
| &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 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.800%, due on <br> 04/07/26 with a maturity value of $8,005,911; 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> $8,544,890<br>| 8000000 | &nbsp;&nbsp;&nbsp; 8000000 |
| 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 $3,002,234; collateralized <br> by various Common Stock with an aggregate market value of <br> $3,344,025<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| 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 $5,019,007; collateralized <br> by various Common Stock with an aggregate market value of <br> $5,556,159<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
|  |  | &nbsp;&nbsp;&nbsp; 106195893 |
| **Time Deposits—1.2%** | **Time Deposits—1.2%** | **Time Deposits—1.2%** |
| Credit Agricole CIB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.630%, 04/01/26 | 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| DZ Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| Svenska NY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
|  |  | &nbsp;&nbsp;&nbsp; 13000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $159,969,727) <br>|  | &nbsp;&nbsp;&nbsp; 159969662 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—114.1% <br>(Cost $1,197,583,461)<br>|  | &nbsp;&nbsp;&nbsp; 1193246155 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unfunded Loan Commitments—0.0% <br>(Cost $(271458))<br>|  | &nbsp;&nbsp;&nbsp; (271458)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investments—114.1% <br>(Cost $1,197,312,003) <br>|  | &nbsp;&nbsp;&nbsp; 1192974697 |
| Other assets and liabilities (net)—(14.1)%  |  | &nbsp;&nbsp;&nbsp; (147514564)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1045460133 |

---

&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> $28,387,002, which is 2.7% 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  |

---

**BHFTI-75**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield Portfolio**

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

---

| | |
|:---|:---|
|  | securities loaned was $194,719,736 and the collateral received consisted of cash in the <br> amount of $159,964,451 and non-cash collateral with a value of $40,922,989. 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) | Payment-in kind security for which part of the income earned may be paid as additional <br> principal.<br>|
| (d) | Non-income producing; security is in default and/or issuer is in bankruptcy. |
| (e) | Security is a "step up" bond where coupon increases or steps up at a predetermined date. <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) | Floating rate loans ("Senior Loans") often require prepayments from excess cash flows or  |

---

---

| | |
|:---|:---|
|  | permit the borrowers to repay at their election. The degree to which borrowers repay, <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>|
| (i) | 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>|
| (j) | 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>|
| (k) | This loan will settle after March 31, 2026, at which time the interest rate will be determined. |
| (l) | Non-income producing security. |
| (m) | Represents investment of cash collateral received from securities on loan as of March 31, <br> 2026.<br>|
| (n) | 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> $834,146,728, which is 79.8% 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** |
| 1261229 BC Ltd., 10.000%, 04/15/32 | 03/25/25-02/19/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 13200000 | &nbsp;&nbsp; $13361860 | &nbsp;&nbsp; $13514741 |
| Atlas CC Acquisition Corp., 4.932%, 05/25/29 | 07/25/25-10/27/25 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 62423 | &nbsp;&nbsp; 48153 | &nbsp;&nbsp; 13473 |
| Atlas CC Acquisition Corp., 8.182%, 05/25/29 | 07/25/25 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 429317 | &nbsp;&nbsp; 330630 | &nbsp;&nbsp; 92661 |
| Bausch Health Cos., Inc., 4.875%, 06/01/28 | 10/22/25 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 118000 | &nbsp;&nbsp; 108517 | &nbsp;&nbsp; 108054 |
| Bausch Health Cos., Inc., 11.000%, 09/30/28 | 02/20/25-01/29/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 2080000 | &nbsp;&nbsp; 2126408 | &nbsp;&nbsp; 2121680 |
| Diversified Healthcare Trust, 7.250%, 10/15/30 | 09/15/25 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 370000 | &nbsp;&nbsp; 370000 | &nbsp;&nbsp; 373179 |
| Dream Finders Homes, Inc., 8.250%, 08/15/28 | 08/08/23 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 277000 | &nbsp;&nbsp; 277000 | &nbsp;&nbsp; 281458 |
| Goat Holdco LLC, 6.750%, 02/01/32 | 12/10/24 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 673000 | &nbsp;&nbsp; 673429 | &nbsp;&nbsp; 677125 |
| Lightning Power LLC, 7.250%, 08/15/32 | 08/07/24 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 237000 | &nbsp;&nbsp; 237000 | &nbsp;&nbsp; 246356 |
| Oxea Holding Drei GmbH, 8.502%, 04/08/31 | 05/16/25-02/04/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 125524 | &nbsp;&nbsp; 109602 | &nbsp;&nbsp; 86926 |
| Quorum Health | 01/08/25 |  | &nbsp;&nbsp; 7776 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 3888 |
| Quorum Health Corp., 10.250%, 01/28/28 | 07/07/20-03/31/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 678830 | &nbsp;&nbsp; 663251 | &nbsp;&nbsp; 471787 |
| Service Properties Trust, Zero Coupon, 09/30/28 | 09/15/25 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 727000 | &nbsp;&nbsp; 642876 | &nbsp;&nbsp; 661421 |
| Service Properties Trust, 8.625%, 11/15/31 | 11/08/23-05/09/25 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 4612000 | &nbsp;&nbsp; 4688009 | &nbsp;&nbsp; 4816413 |
| Service Properties Trust, 8.875%, 06/15/32 | 05/20/24-05/21/24 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 530000 | &nbsp;&nbsp; 512102 | &nbsp;&nbsp; 525303 |
| VoltaGrid LLC, 7.375%, 11/01/30 | 10/28/25-02/03/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 4253000 | &nbsp;&nbsp; 4270403 | &nbsp;&nbsp; 4392537 |
|  |  |  |  |  | &nbsp;&nbsp; $28387002 |

---

**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>|
| EUR | &nbsp;&nbsp; 392694 | NWM | 06/17/26 | USD | 454425 | &nbsp;&nbsp; $1047 |
| EUR | &nbsp;&nbsp; 426292 | SCB | 06/17/26 | USD | 496231 | &nbsp;&nbsp; (1789)<br>|

---

**BHFTI-76**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield Portfolio**

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

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

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **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>|
| EUR | &nbsp;&nbsp; 31783000 | HSBC | 06/17/26 | USD | 36665472 | &nbsp;&nbsp; $(198572)<br>|
| GBP | &nbsp;&nbsp; 2853000 | SCB | 06/17/26 | USD | 3789718 | &nbsp;&nbsp; 14336 |
| Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | &nbsp;&nbsp; $(184978)<br>|

---

**Futures Contracts** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **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 Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (56)<br>| USD | (6377000)<br>| &nbsp;&nbsp;&nbsp; $182659 |
| U.S. Treasury Note Ultra 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (93)<br>| USD | (10556953)<br>| &nbsp;&nbsp;&nbsp; 211305 |
| U.S. Treasury Ultra Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (15)<br>| USD | (1748438)<br>| &nbsp;&nbsp;&nbsp; 57249 |
| Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | &nbsp;&nbsp;&nbsp; $451213 |

---

**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.46.V1 | 5.000% | &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/21/31 | &nbsp;&nbsp; 3.857% | &nbsp;&nbsp; USD | 26859296 | &nbsp;&nbsp; $1290240 | &nbsp;&nbsp; $1100973 | &nbsp;&nbsp; $189267 |

---

**OTC 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>| **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>|
| ADLER Real Estate AG | 5.000<br> %<br>| &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 12/21/27 | &nbsp;&nbsp; BBP | 2.406<br> %<br>| &nbsp;&nbsp; EUR | 1762 | &nbsp;&nbsp; $87 | &nbsp;&nbsp; $(98)<br>| &nbsp;&nbsp; $185 |
| ADLER Real Estate AG | 5.000<br> %<br>| &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 12/21/27 | &nbsp;&nbsp; BBP | 2.406<br> %<br>| &nbsp;&nbsp; EUR | 4952 | &nbsp;&nbsp; 244 | &nbsp;&nbsp; 275 | &nbsp;&nbsp; 519 |
| ADLER Real Estate AG | 5.000<br> %<br>| &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 12/21/27 | &nbsp;&nbsp; CBNA | 2.406<br> %<br>| &nbsp;&nbsp; EUR | 1437 | &nbsp;&nbsp; 71 | &nbsp;&nbsp; (82)<br>| &nbsp;&nbsp; 153 |
| ADLER Real Estate AG | 5.000<br> %<br>| &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 12/21/27 | &nbsp;&nbsp; JPMC | 2.406<br> %<br>| &nbsp;&nbsp; EUR | 1849 | &nbsp;&nbsp; 91 | &nbsp;&nbsp; (112)<br>| &nbsp;&nbsp; 203 |
| Altice France SA | 5.000<br> %<br>| &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 12/21/27 | &nbsp;&nbsp; JPMC | 2.463<br> %<br>| &nbsp;&nbsp; EUR | 43000 | &nbsp;&nbsp; 2081 | &nbsp;&nbsp; 1767 | &nbsp;&nbsp; 314 |
| Altice France SA | 5.000<br> %<br>| &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 12/21/27 | &nbsp;&nbsp; JPMC | 2.463<br> %<br>| &nbsp;&nbsp; EUR | 45000 | &nbsp;&nbsp; 2178 | &nbsp;&nbsp; 2142 | &nbsp;&nbsp; 36 |
| Altice France SA | 5.000<br> %<br>| &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 12/21/27 | &nbsp;&nbsp; MSIP | 2.463<br> %<br>| &nbsp;&nbsp; EUR | 20000 | &nbsp;&nbsp; 968 | &nbsp;&nbsp; 759 | &nbsp;&nbsp; 209 |
| CMA CGM SA | 5.000<br> %<br>| &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/22/27 | &nbsp;&nbsp; MSIP | 0.685<br> %<br>| &nbsp;&nbsp; EUR | 77000 | &nbsp;&nbsp; 4643 | &nbsp;&nbsp; 4441 | &nbsp;&nbsp; 202 |
| Forvia SE | 5.000<br> %<br>| &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 12/20/30 | &nbsp;&nbsp; JPMC | 3.055<br> %<br>| &nbsp;&nbsp; EUR | 55000 | &nbsp;&nbsp; 5166 | &nbsp;&nbsp; 5030 | &nbsp;&nbsp; 136 |
| Virgin Media Finance PLC | 5.000<br> %<br>| &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 12/20/28 | &nbsp;&nbsp; JPMC | 3.001<br> %<br>| &nbsp;&nbsp; EUR | 36000 | &nbsp;&nbsp; 2109 | &nbsp;&nbsp; 2956 | &nbsp;&nbsp; (847)<br>|
| Zegona Finance PLC | 5.000<br> %<br>| &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/20/30 | &nbsp;&nbsp; DBAG | 1.361<br> %<br>| &nbsp;&nbsp; EUR | 20668 | &nbsp;&nbsp; 3395 | &nbsp;&nbsp; 2417 | &nbsp;&nbsp; 978 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $21033 | &nbsp;&nbsp; $18945 | &nbsp;&nbsp; $2088 |

---

**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 | 3M SOFR | Quarterly | 06/20/26 | MSIP | iBoxx USD Liquid High Yield Index | USD | 3012000 | $49627 | $6 | $49621 |
| Pay | 3M SOFR | Quarterly | 06/20/26 | MSIP | iBoxx USD Liquid High Yield Index | USD | 1505000 | 20436 | 9 | 20427 |
| Pay | 3M SOFR | Quarterly | 06/20/26 | MSIP | iBoxx USD Liquid High Yield Index | USD | 5940000 | 94890 | 2 | 94888 |
| Pay | 3M SOFR | Quarterly | 09/20/26 | MSIP | iBoxx USD Liquid High Yield Index | USD | 5418622 | 5027 |  | 5027 |
| Pay | 3M SOFR | Quarterly | 09/20/26 | MSIP | iBoxx USD Liquid High Yield Index | USD | 6348378 | (5002)<br>|  | (5002)<br>|
| Pay | 3M SOFR | Quarterly | 03/20/27 | MSIP | iBoxx USD Liquid High Yield Index | USD | 6034000 | 8758 |  | 8758 |

---

**BHFTI-77**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield Portfolio**

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

**OTC Total Return Swap Contracts — (Continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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 | 3M SOFR | Quarterly | 06/20/26 | MSIP | iBoxx USD Liquid Leveraged Loans Total Return Index | USD | 8639000 | $4204 | $17 | $4187 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | $177940 | $34 | $177906 |

---

&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.

Securities in the amount of $20,434 have been received at the custodian bank as collateral for OTC derivative contracts.

**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; $16493043 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $16493043 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aerospace/Defense | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 27834668 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 27834668 |
| &nbsp;&nbsp;&nbsp;&nbsp; Agriculture | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 302868 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 302868 |
| &nbsp;&nbsp;&nbsp;&nbsp; Airlines | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2493967 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2493967 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apparel | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4454841 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4454841 |
| &nbsp;&nbsp;&nbsp;&nbsp; Auto Manufacturers | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6818518 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6818518 |
| &nbsp;&nbsp;&nbsp;&nbsp; Auto Parts & Equipment | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12680719 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12680719 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banks | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25392710 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25392710 |
| &nbsp;&nbsp;&nbsp;&nbsp; Biotechnology | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2688311 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2688311 |
| &nbsp;&nbsp;&nbsp;&nbsp; Building Materials | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 17416154 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 17416154 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 31486585 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 31486585 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 64018562 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 64018562 |
| &nbsp;&nbsp;&nbsp;&nbsp; Computers | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5554636 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5554636 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cosmetics/Personal Care | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1294714 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1294714 |
| &nbsp;&nbsp;&nbsp;&nbsp; Distribution/Wholesale | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2019138 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2019138 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Financial Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 38642868 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 38642868 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 33690869 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 33690869 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Components & Equipment | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1944952 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1944952 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronics | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3153175 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3153175 |
| &nbsp;&nbsp;&nbsp;&nbsp; Engineering & Construction | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5272380 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5272380 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 24295890 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 24295890 |
| &nbsp;&nbsp;&nbsp;&nbsp; Environmental Control | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11099824 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11099824 |
| &nbsp;&nbsp;&nbsp;&nbsp; Food | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19848302 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19848302 |
| &nbsp;&nbsp;&nbsp;&nbsp; Food Service | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 380432 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 380432 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forest Products & Paper | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 215408 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 215408 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gas | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10543951 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10543951 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hand/Machine Tools | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 344712 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 344712 |
| &nbsp;&nbsp;&nbsp;&nbsp; Healthcare-Products | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9964336 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9964336 |
| &nbsp;&nbsp;&nbsp;&nbsp; Healthcare-Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26939449 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26939449 |
| &nbsp;&nbsp;&nbsp;&nbsp; Holding Companies-Diversified | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 430365 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 430365 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home Builders | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8829883 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8829883 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home Furnishings | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 432421 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 432421 |
| &nbsp;&nbsp;&nbsp;&nbsp; Housewares | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1937581 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1937581 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 63765139 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 63765139 |
| &nbsp;&nbsp;&nbsp;&nbsp; Internet | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25035660 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25035660 |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6310420 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6310420 |

---

**BHFTI-78**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield 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; Iron/Steel | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $8271139 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $8271139 |
| &nbsp;&nbsp;&nbsp;&nbsp; Leisure Time | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10911226 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10911226 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lodging | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9949279 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9949279 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery-Construction & Mining | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 962461 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 962461 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery-Diversified | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7942931 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7942931 |
| &nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 41825875 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 41825875 |
| &nbsp;&nbsp;&nbsp;&nbsp; Metal Fabricate/Hardware | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1473506 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1473506 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mining | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22463578 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22463578 |
| &nbsp;&nbsp;&nbsp;&nbsp; Miscellaneous Manufacturing | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1309095 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1309095 |
| &nbsp;&nbsp;&nbsp;&nbsp; Office/Business Equipment | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 346345 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 346345 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil & Gas | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 36654946 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 36654946 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil & Gas Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14319846 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14319846 |
| &nbsp;&nbsp;&nbsp;&nbsp; Packaging & Containers | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25485221 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25485221 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20078835 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20078835 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pipelines | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 35278032 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 35278032 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4269914 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 4269914 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Investment Trusts | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25009870 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25009870 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 24978536 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 24978536 |
| &nbsp;&nbsp;&nbsp;&nbsp; Savings & Loans | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 265117 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 265117 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 588830 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 588830 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 36464494 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 36464494 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telecommunications | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 86256378 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 86256378 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transportation | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2868873 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2868873 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trucking & Leasing | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9929984 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9929984 |
| &nbsp;&nbsp;&nbsp;&nbsp; Water | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 112117 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 112117 |
| Total Corporate Bonds & Notes | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 942043879 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 942043879 |
| Total Floating Rate Loans (Less Unfunded Loan Commitments of $271,458)\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 62746147 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 62746147 |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Services & Supplies | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 50511 | &nbsp;&nbsp;&nbsp; 50511 |
| &nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13361 | &nbsp;&nbsp;&nbsp; 13361 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Telecommunication Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 442513 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 442513 |
| &nbsp;&nbsp;&nbsp;&nbsp; Food Products | &nbsp;&nbsp;&nbsp; 526602 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 526602 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Equipment & Supplies | &nbsp;&nbsp;&nbsp; 133277 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 133277 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Providers & Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3888 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3888 |
| &nbsp;&nbsp;&nbsp;&nbsp; Life Sciences Tools & Services | &nbsp;&nbsp;&nbsp; 561076 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 561076 |
| &nbsp;&nbsp;&nbsp;&nbsp; Metals & Mining | &nbsp;&nbsp;&nbsp; 1348631 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1348631 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas & Consumable Fuels | &nbsp;&nbsp;&nbsp; 3041482 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3041482 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Management & Development | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialized REITs | &nbsp;&nbsp;&nbsp; 2061350 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2061350 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 7672418 | &nbsp;&nbsp;&nbsp; 446401 | &nbsp;&nbsp;&nbsp; 63872 | &nbsp;&nbsp;&nbsp; 8182691 |
| Total Convertible Bonds\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4857035 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4857035 |
| Convertible Preferred Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial Services | &nbsp;&nbsp;&nbsp; 181089 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 181089 |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 43036 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 43036 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | &nbsp;&nbsp;&nbsp; 917217 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 917217 |
| Total Convertible Preferred Stocks | &nbsp;&nbsp;&nbsp; 1098306 | &nbsp;&nbsp;&nbsp; 43036 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1141342 |
| Total Escrow Shares\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 223 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 223 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14033718 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14033718 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 29000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 29000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificates of Deposit | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8776670 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8776670 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2997099 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2997099 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 106195893 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 106195893 |
| &nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13000000 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 29000000 | &nbsp;&nbsp;&nbsp; 130969662 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 159969662 |
| Net Investments | &nbsp;&nbsp;&nbsp; $37770724 | &nbsp;&nbsp;&nbsp; $1155140101 | &nbsp;&nbsp;&nbsp; $63872 | &nbsp;&nbsp;&nbsp; $1192974697 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(159964451)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(159964451)<br>|
| Forward Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $15383 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $15383 |

---

**BHFTI-79**

------

**Brighthouse Funds Trust I**

**BlackRock High Yield 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; Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(200361)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(200361)<br>|
| Total Forward Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(184978)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(184978)<br>|
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $451213 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $451213 |
| Centrally Cleared Swap Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Swap Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $189267 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $189267 |
| OTC Swap Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; OTC Swap Contracts at Value (Assets) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $203975 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $203975 |
| &nbsp;&nbsp;&nbsp;&nbsp; OTC Swap Contracts at Value (Liabilities) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (5002)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (5002)<br>|
| Total OTC Swap Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $198973 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $198973 |

---

&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.

**BHFTI-80**

------

**Brighthouse Funds Trust I**

**Brighthouse Asset Allocation 100 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%** |
| Allspring Mid Cap Value Portfolio (Class A) (a) | 1636357 | &nbsp;&nbsp;&nbsp; $17050840 |
| Baillie Gifford International Stock Portfolio (Class A) (b) | 6774443 | &nbsp;&nbsp;&nbsp; 74112407 |
| BlackRock Capital Appreciation Portfolio (Class A) (b) | 1766052 | &nbsp;&nbsp;&nbsp; 71313165 |
| Brighthouse Small Cap Value Portfolio (Class A) (a) | 3691223 | &nbsp;&nbsp;&nbsp; 41858472 |
| Brighthouse/Artisan International Portfolio (Class A) (a) | 5352025 | &nbsp;&nbsp;&nbsp; 71396011 |
| Brighthouse/Artisan Mid Cap Value Portfolio (Class A) (b) | 51830 | &nbsp;&nbsp;&nbsp; 8247176 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Dimensional International Small Company Portfolio <br> (Class A) (b)<br>| 6788877 | &nbsp;&nbsp;&nbsp; 84725182 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Wellington Core Equity Opportunities Portfolio <br> (Class A) (b)<br>| 3202569 | &nbsp;&nbsp;&nbsp; 83170719 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Wellington Large Cap Research Portfolio (Class A) <br> (a)<br>| 5051420 | &nbsp;&nbsp;&nbsp; 70770394 |
| CBRE Global Real Estate Portfolio (Class A) (a) | 4664950 | &nbsp;&nbsp;&nbsp; 50101559 |
| Frontier Mid Cap Growth Portfolio (Class A) (b) | 568959 | &nbsp;&nbsp;&nbsp; 16727383 |
| Harris Oakmark International Portfolio (Class A) (a) | 6251064 | &nbsp;&nbsp;&nbsp; 89577751 |
| Invesco Comstock Portfolio (Class A) (a) | 7729518 | &nbsp;&nbsp;&nbsp; 102338822 |
| Invesco Global Equity Portfolio (Class A) (a) | 1755666 | &nbsp;&nbsp;&nbsp; 39660487 |
| Invesco Small Cap Growth Portfolio (Class A) (a) (c) | 2120981 | &nbsp;&nbsp;&nbsp; 21676431 |
| Jennison Growth Portfolio (Class A) (b) | 6688687 | &nbsp;&nbsp;&nbsp; 93507843 |
| JPMorgan Small Cap Value Portfolio (Class A) (a) | 2466067 | &nbsp;&nbsp;&nbsp; 30702530 |
| Loomis Sayles Growth Portfolio (Class A) (a) | 5693984 | &nbsp;&nbsp;&nbsp; 97139359 |
| Loomis Sayles Small Cap Growth Portfolio (Class A) (b) | 3372145 | &nbsp;&nbsp;&nbsp; 37936634 |
| MFS Research International Portfolio (Class A) (a) | 4337181 | &nbsp;&nbsp;&nbsp; 59506117 |
| MFS Value Portfolio (Class A) (b) | 7740610 | &nbsp;&nbsp;&nbsp; 106665605 |
| Morgan Stanley Discovery Portfolio (Class A) (a) (c) | 939602 | &nbsp;&nbsp;&nbsp; 7573196 |

---

---

| | | |
|:---|:---|:---|
| **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) | 985049 | &nbsp;&nbsp;&nbsp; $15061405 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Emerging Markets Enhanced Index Portfolio <br> (Class A) (formerly, SSGA Emerging Markets Enhanced Index <br> Portfolio) (a)<br>| 6338266 | &nbsp;&nbsp;&nbsp; 91841476 |
| T. Rowe Price Large Cap Growth Portfolio (Class A) (b) | 3790815 | &nbsp;&nbsp;&nbsp; 85293344 |
| T. Rowe Price Large Cap Value Portfolio (Class A) (a) | 3527893 | &nbsp;&nbsp;&nbsp; 98251828 |
| T. Rowe Price Mid Cap Growth Portfolio (Class A) (a) | 1544599 | &nbsp;&nbsp;&nbsp; 12495810 |
| T. Rowe Price Small Cap Growth Portfolio (Class A) (b) | 1356836 | &nbsp;&nbsp;&nbsp; 25155738 |
| VanEck Global Natural Resources Portfolio (Class A) (b) | 2143304 | &nbsp;&nbsp;&nbsp; 35300216 |
| Victory Sycamore Mid Cap Value Portfolio (Class A) (a) | 701860 | &nbsp;&nbsp;&nbsp; 12830004 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $1,536,755,305) <br>|  | &nbsp;&nbsp;&nbsp; 1651987904 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—100.0% <br>(Cost $1,536,755,305) <br>|  | &nbsp;&nbsp;&nbsp; 1651987904 |
| Other assets and liabilities (net)—0.0%  |  | &nbsp;&nbsp;&nbsp; (677458)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1651310446 |

---

&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>|
| Allspring Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; $17423834 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(936021)<br>| &nbsp;&nbsp; $(162786)<br>| &nbsp;&nbsp; $725813 | &nbsp;&nbsp; $17050840 |
| Baillie Gifford International Stock Portfolio (Class A) | &nbsp;&nbsp; 79004757 | &nbsp;&nbsp; 5061 | &nbsp;&nbsp; (512263)<br>| &nbsp;&nbsp; 107852 | &nbsp;&nbsp; (4493000)<br>| &nbsp;&nbsp; 74112407 |
| BlackRock Capital Appreciation Portfolio (Class A) | &nbsp;&nbsp; 78201343 | &nbsp;&nbsp; 226416 | &nbsp;&nbsp; (41071)<br>| &nbsp;&nbsp; 3224 | &nbsp;&nbsp; (7076747)<br>| &nbsp;&nbsp; 71313165 |
| Brighthouse Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 43185935 | &nbsp;&nbsp; — | &nbsp;&nbsp; (1331489)<br>| &nbsp;&nbsp; 113375 | &nbsp;&nbsp; (109349)<br>| &nbsp;&nbsp; 41858472 |
| Brighthouse/Artisan International Portfolio (Class A) | &nbsp;&nbsp; 75505206 | &nbsp;&nbsp; — | &nbsp;&nbsp; (8180126)<br>| &nbsp;&nbsp; 2085511 | &nbsp;&nbsp; 1985420 | &nbsp;&nbsp; 71396011 |
| Brighthouse/Artisan Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 8719909 | &nbsp;&nbsp; 377 | &nbsp;&nbsp; (57276)<br>| &nbsp;&nbsp; (13572)<br>| &nbsp;&nbsp; (402262)<br>| &nbsp;&nbsp; 8247176 |
| Brighthouse/Dimensional International Small Company Portfolio (Class A) | &nbsp;&nbsp; 88966597 | &nbsp;&nbsp; — | &nbsp;&nbsp; (5540924)<br>| &nbsp;&nbsp; 531685 | &nbsp;&nbsp; 767824 | &nbsp;&nbsp; 84725182 |
| Brighthouse/Wellington Core Equity Opportunities Portfolio (Class A) | &nbsp;&nbsp; 88183729 | &nbsp;&nbsp; — | &nbsp;&nbsp; (481231)<br>| &nbsp;&nbsp; (52852)<br>| &nbsp;&nbsp; (4478927)<br>| &nbsp;&nbsp; 83170719 |
| Brighthouse/Wellington Large Cap Research Portfolio (Class A) | &nbsp;&nbsp; 74827238 | &nbsp;&nbsp; 1328 | &nbsp;&nbsp; (359699)<br>| &nbsp;&nbsp; (12175)<br>| &nbsp;&nbsp; (3686298)<br>| &nbsp;&nbsp; 70770394 |
| CBRE Global Real Estate Portfolio (Class A) | &nbsp;&nbsp; 51700695 | &nbsp;&nbsp; 2565 | &nbsp;&nbsp; (2321472)<br>| &nbsp;&nbsp; 58359 | &nbsp;&nbsp; 661412 | &nbsp;&nbsp; 50101559 |
| Frontier Mid Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 17264706 | &nbsp;&nbsp; — | &nbsp;&nbsp; (517917)<br>| &nbsp;&nbsp; 17103 | &nbsp;&nbsp; (36509)<br>| &nbsp;&nbsp; 16727383 |
| Harris Oakmark International Portfolio (Class A) | &nbsp;&nbsp; 97823236 | &nbsp;&nbsp; 8471 | &nbsp;&nbsp; (1951881)<br>| &nbsp;&nbsp; 566436 | &nbsp;&nbsp; (6868511)<br>| &nbsp;&nbsp; 89577751 |
| Invesco Comstock Portfolio (Class A) | &nbsp;&nbsp; 106330949 | &nbsp;&nbsp; — | &nbsp;&nbsp; (4323157)<br>| &nbsp;&nbsp; (629907)<br>| &nbsp;&nbsp; 960937 | &nbsp;&nbsp; 102338822 |
| Invesco Global Equity Portfolio (Class A) | &nbsp;&nbsp; 44063884 | &nbsp;&nbsp; 104642 | &nbsp;&nbsp; (198563)<br>| &nbsp;&nbsp; 50512 | &nbsp;&nbsp; (4359988)<br>| &nbsp;&nbsp; 39660487 |
| Invesco Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 22285993 | &nbsp;&nbsp; 18713 | &nbsp;&nbsp; (832472)<br>| &nbsp;&nbsp; (124807)<br>| &nbsp;&nbsp; 329004 | &nbsp;&nbsp; 21676431 |
| Jennison Growth Portfolio (Class A) | &nbsp;&nbsp; 103897215 | &nbsp;&nbsp; 1010877 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (11400249)<br>| &nbsp;&nbsp; 93507843 |
| JPMorgan Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 31273099 | &nbsp;&nbsp; — | &nbsp;&nbsp; (1850552)<br>| &nbsp;&nbsp; (104830)<br>| &nbsp;&nbsp; 1384813 | &nbsp;&nbsp; 30702530 |
| Loomis Sayles Growth Portfolio (Class A) | &nbsp;&nbsp; 109376529 | &nbsp;&nbsp; 434699 | &nbsp;&nbsp; (57044)<br>| &nbsp;&nbsp; 22027 | &nbsp;&nbsp; (12636852)<br>| &nbsp;&nbsp; 97139359 |
| Loomis Sayles Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 38934672 | &nbsp;&nbsp; — | &nbsp;&nbsp; (1295780)<br>| &nbsp;&nbsp; (207875)<br>| &nbsp;&nbsp; 505617 | &nbsp;&nbsp; 37936634 |
| MFS Research International Portfolio (Class A) | &nbsp;&nbsp; 62227703 | &nbsp;&nbsp; — | &nbsp;&nbsp; (3612513)<br>| &nbsp;&nbsp; 859431 | &nbsp;&nbsp; 31496 | &nbsp;&nbsp; 59506117 |
| MFS Value Portfolio (Class A) | &nbsp;&nbsp; 110642017 | &nbsp;&nbsp; — | &nbsp;&nbsp; (5292072)<br>| &nbsp;&nbsp; (241041)<br>| &nbsp;&nbsp; 1556701 | &nbsp;&nbsp; 106665605 |

---

**BHFTI-81**

------

**Brighthouse Funds Trust I**

**Brighthouse Asset Allocation 100 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>|
| Morgan Stanley Discovery Portfolio (Class A) | &nbsp;&nbsp; $7767889 | &nbsp;&nbsp; $710178 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(904871)<br>| &nbsp;&nbsp; $7573196 |
| Neuberger Berman Genesis Portfolio (Class A) | &nbsp;&nbsp; 15192732 | &nbsp;&nbsp; 666 | &nbsp;&nbsp; (328277)<br>| &nbsp;&nbsp; (95409)<br>| &nbsp;&nbsp; 291693 | &nbsp;&nbsp; 15061405 |
| State Street Emerging Markets Enhanced Index Portfolio (Class A) (formerly, SSGA <br> Emerging Markets Enhanced Index Portfolio)<br>| &nbsp;&nbsp; 97581612 | &nbsp;&nbsp; — | &nbsp;&nbsp; (9498691)<br>| &nbsp;&nbsp; 3279632 | &nbsp;&nbsp; 478923 | &nbsp;&nbsp; 91841476 |
| T. Rowe Price Large Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 95851114 | &nbsp;&nbsp; 599890 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (11157660)<br>| &nbsp;&nbsp; 85293344 |
| T. Rowe Price Large Cap Value Portfolio (Class A) | &nbsp;&nbsp; 102031711 | &nbsp;&nbsp; — | &nbsp;&nbsp; (6138477)<br>| &nbsp;&nbsp; (928414)<br>| &nbsp;&nbsp; 3287008 | &nbsp;&nbsp; 98251828 |
| T. Rowe Price Mid Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 13078676 | &nbsp;&nbsp; 8348 | &nbsp;&nbsp; (64725)<br>| &nbsp;&nbsp; (20632)<br>| &nbsp;&nbsp; (505857)<br>| &nbsp;&nbsp; 12495810 |
| T. Rowe Price Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 25974062 | &nbsp;&nbsp; — | &nbsp;&nbsp; (730666)<br>| &nbsp;&nbsp; (200230)<br>| &nbsp;&nbsp; 112572 | &nbsp;&nbsp; 25155738 |
| VanEck Global Natural Resources Portfolio (Class A) | &nbsp;&nbsp; 35346544 | &nbsp;&nbsp; — | &nbsp;&nbsp; (5729705)<br>| &nbsp;&nbsp; 2667785 | &nbsp;&nbsp; 3015592 | &nbsp;&nbsp; 35300216 |
| Victory Sycamore Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 13078553 | &nbsp;&nbsp; — | &nbsp;&nbsp; (870231)<br>| &nbsp;&nbsp; 45808 | &nbsp;&nbsp; 575874 | &nbsp;&nbsp; 12830004 |
|  | &nbsp;&nbsp; $1755742139 | &nbsp;&nbsp; $3132231 | &nbsp;&nbsp; $(63054295)<br>| &nbsp;&nbsp; $7614210 | &nbsp;&nbsp; $(51446381)<br>| &nbsp;&nbsp; $1651987904 |

---

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

---

| | |
|:---|:---|
| **Security Description** | **Number of** <br>**shares held at** <br>**March 31, 2026**<br>|
| Allspring Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 1636357 |
| Baillie Gifford International Stock Portfolio (Class A) | &nbsp;&nbsp; 6774443 |
| BlackRock Capital Appreciation Portfolio (Class A) | &nbsp;&nbsp; 1766052 |
| Brighthouse Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 3691223 |
| Brighthouse/Artisan International Portfolio (Class A) | &nbsp;&nbsp; 5352025 |
| Brighthouse/Artisan Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 51830 |
| Brighthouse/Dimensional International Small Company Portfolio (Class A) | &nbsp;&nbsp; 6788877 |
| Brighthouse/Wellington Core Equity Opportunities Portfolio (Class A) | &nbsp;&nbsp; 3202569 |
| Brighthouse/Wellington Large Cap Research Portfolio (Class A) | &nbsp;&nbsp; 5051420 |
| CBRE Global Real Estate Portfolio (Class A) | &nbsp;&nbsp; 4664950 |
| Frontier Mid Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 568959 |
| Harris Oakmark International Portfolio (Class A) | &nbsp;&nbsp; 6251064 |
| Invesco Comstock Portfolio (Class A) | &nbsp;&nbsp; 7729518 |
| Invesco Global Equity Portfolio (Class A) | &nbsp;&nbsp; 1755666 |
| Invesco Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 2120981 |
| Jennison Growth Portfolio (Class A) | &nbsp;&nbsp; 6688687 |
| JPMorgan Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 2466067 |
| Loomis Sayles Growth Portfolio (Class A) | &nbsp;&nbsp; 5693984 |
| Loomis Sayles Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 3372145 |
| MFS Research International Portfolio (Class A) | &nbsp;&nbsp; 4337181 |
| MFS Value Portfolio (Class A) | &nbsp;&nbsp; 7740610 |
| Morgan Stanley Discovery Portfolio (Class A) | &nbsp;&nbsp; 939602 |
| Neuberger Berman Genesis Portfolio (Class A) | &nbsp;&nbsp; 985049 |
| State Street Emerging Markets Enhanced Index Portfolio (Class A) (formerly, SSGA Emerging Markets Enhanced Index Portfolio) | &nbsp;&nbsp; 6338266 |
| T. Rowe Price Large Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 3790815 |
| T. Rowe Price Large Cap Value Portfolio (Class A) | &nbsp;&nbsp; 3527893 |
| T. Rowe Price Mid Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 1544599 |
| T. Rowe Price Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 1356836 |
| VanEck Global Natural Resources Portfolio (Class A) | &nbsp;&nbsp; 2143304 |
| Victory Sycamore Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 701860 |

---

**BHFTI-82**

------

**Brighthouse Funds Trust I**

**Brighthouse Asset Allocation 100 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; $1651987904 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1651987904 |
| Total Investments | &nbsp;&nbsp;&nbsp; $1651987904 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1651987904 |

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-83**

------

**Brighthouse Funds Trust I**

**Brighthouse Balanced Plus Portfolio**

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

**Investment Companies—70.2% of Net Assets**

&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>|
| **Affiliated Mutual Funds — 70.2%** | **Affiliated Mutual Funds — 70.2%** | **Affiliated Mutual Funds — 70.2%** |
| AB International Bond Portfolio (Class A) (a) | 6317703 | &nbsp;&nbsp;&nbsp; $49783498 |
| Allspring Mid Cap Value Portfolio (Class A) (a) | 6485575 | &nbsp;&nbsp;&nbsp; 67579689 |
| Baillie Gifford International Stock Portfolio (Class A) (b) | 11440118 | &nbsp;&nbsp;&nbsp; 125154889 |
| BlackRock Bond Income Portfolio (Class A) (b) | 3878181 | &nbsp;&nbsp;&nbsp; 354776016 |
| BlackRock Capital Appreciation Portfolio (Class A) (b) | 238381 | &nbsp;&nbsp;&nbsp; 9625833 |
| BlackRock High Yield Portfolio (Class A) (a) | 6140375 | &nbsp;&nbsp;&nbsp; 46544044 |
| Brighthouse Small Cap Value Portfolio (Class A) (a) | 4797012 | &nbsp;&nbsp;&nbsp; 54398117 |
| Brighthouse/Artisan International Portfolio (Class A) (a) | 6811093 | &nbsp;&nbsp;&nbsp; 90859983 |
| Brighthouse/Artisan Mid Cap Value Portfolio (Class A) (b) | 419461 | &nbsp;&nbsp;&nbsp; 66744573 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Dimensional International Small Company <br> Portfolio (Class A) (b)<br>| 4965666 | &nbsp;&nbsp;&nbsp; 61971506 |
| Brighthouse/Eaton Vance Floating Rate Portfolio (Class A) (a) | 7585412 | &nbsp;&nbsp;&nbsp; 69709933 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Franklin Low Duration Total Return Portfolio <br> (Class A) (a)<br>| 11310380 | &nbsp;&nbsp;&nbsp; 100323070 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Templeton International Bond Portfolio (Class A) <br> (a) (c)<br>| 6422893 | &nbsp;&nbsp;&nbsp; 51511603 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Wellington Core Equity Opportunities Portfolio <br> (Class A) (b)<br>| 677433 | &nbsp;&nbsp;&nbsp; 17592934 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse/Wellington Large Cap Research Portfolio (Class A) <br> (a)<br>| 1445068 | &nbsp;&nbsp;&nbsp; 20245404 |
| CBRE Global Real Estate Portfolio (Class A) (a) | 3729397 | &nbsp;&nbsp;&nbsp; 40053722 |
| Frontier Mid Cap Growth Portfolio (Class A) (b) | 1984932 | &nbsp;&nbsp;&nbsp; 58357012 |
| Harris Oakmark International Portfolio (Class A) (a) | 11681205 | &nbsp;&nbsp;&nbsp; 167391665 |
| Invesco Comstock Portfolio (Class A) (a) | 382191 | &nbsp;&nbsp;&nbsp; 5060206 |
| Invesco Global Equity Portfolio (Class A) (a) | 1916522 | &nbsp;&nbsp;&nbsp; 43294239 |
| Invesco Small Cap Growth Portfolio (Class A) (a) (c) | 3820143 | &nbsp;&nbsp;&nbsp; 39041857 |
| Jennison Growth Portfolio (Class A) (b) | 970876 | &nbsp;&nbsp;&nbsp; 13572852 |
| JPMorgan Core Bond Portfolio (Class A) (a) | 22448549 | &nbsp;&nbsp;&nbsp; 206751137 |
| JPMorgan Small Cap Value Portfolio (Class A) (a) | 3208372 | &nbsp;&nbsp;&nbsp; 39944232 |
| Loomis Sayles Growth Portfolio (Class A) (a) | 618874 | &nbsp;&nbsp;&nbsp; 10557991 |
| MFS Research International Portfolio (Class A) (a) | 8459712 | &nbsp;&nbsp;&nbsp; 116067255 |
| MFS Value Portfolio (Class A) (b) | 1067798 | &nbsp;&nbsp;&nbsp; 14714264 |
| Morgan Stanley Discovery Portfolio (Class A) (a) (c) | 2485316 | &nbsp;&nbsp;&nbsp; 20031644 |
| Neuberger Berman Genesis Portfolio (Class A) (b) | 2055472 | &nbsp;&nbsp;&nbsp; 31428169 |
| PIMCO Inflation Protected Bond Portfolio (Class A) (a) | 9039186 | &nbsp;&nbsp;&nbsp; 93013226 |
| PIMCO Total Return Portfolio (Class A) (a) | 25246223 | &nbsp;&nbsp;&nbsp; 255491780 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Emerging Markets Enhanced Index Portfolio <br> (Class A) (formerly, SSGA Emerging Markets Enhanced <br> Index Portfolio)<br>| 5671090 | &nbsp;&nbsp;&nbsp; 82174099 |
| T. Rowe Price Large Cap Value Portfolio (Class A) (a) | 411923 | &nbsp;&nbsp;&nbsp; 11472045 |
| T. Rowe Price Mid Cap Growth Portfolio (Class A) (a) | 4198019 | &nbsp;&nbsp;&nbsp; 33961972 |
| T. Rowe Price Small Cap Growth Portfolio (Class A) (b) | 2969180 | &nbsp;&nbsp;&nbsp; 55048592 |
| TCW Core Fixed Income Portfolio (Class A) (a) | 32878888 | &nbsp;&nbsp;&nbsp; 290320579 |
| VanEck Global Natural Resources Portfolio (Class A) (b) | 3919753 | &nbsp;&nbsp;&nbsp; 64558336 |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Asset Management Strategic Bond Opportunities <br> Portfolio (Class A) (b)<br>| 13569614 | &nbsp;&nbsp;&nbsp; 144923477 |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Asset Management U.S. Government Portfolio <br> (Class A) (b)<br>| 15142909 | &nbsp;&nbsp;&nbsp; 163089131 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $3,214,290,901) <br>|  | &nbsp;&nbsp;&nbsp; 3187140574 |

---

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

---

| | | |
|:---|:---|:---|
| **U.S. Treasury & Government Agencies—28.6%** | **U.S. Treasury & Government Agencies—28.6%** | **U.S. Treasury & Government Agencies—28.6%** |
| **Federal Agencies — 0.2%** | **Federal Agencies — 0.2%** | **Federal Agencies — 0.2%** |
| Tennessee Valley Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 09/15/65 | 10000000 | &nbsp;&nbsp;&nbsp; 8225648 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **U.S. Treasury — 28.4%** | **U.S. Treasury — 28.4%** | **U.S. Treasury — 28.4%** |
| U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 08/15/50 | 287600000 | &nbsp;&nbsp;&nbsp; $140631908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 11/15/50 | 144200000 | &nbsp;&nbsp;&nbsp; 75237476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 02/15/51 | 173000000 | &nbsp;&nbsp;&nbsp; 96062305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/43 | 57700000 | &nbsp;&nbsp;&nbsp; 44314051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 11/15/46 | 44100000 | &nbsp;&nbsp;&nbsp; 32236066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/52 (d) | 43500000 | &nbsp;&nbsp;&nbsp; 30167929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 05/15/44 | 99895000 | &nbsp;&nbsp;&nbsp; 81644652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 05/15/55 (d) (e) | 114800000 | &nbsp;&nbsp;&nbsp; 111782016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 08/15/45 | 20000 | &nbsp;&nbsp;&nbsp; 19934 |
| U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.375%, 09/30/27 | 159500000 | &nbsp;&nbsp;&nbsp; 151518770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.750%, 05/31/26 (f) | 11362000 | &nbsp;&nbsp;&nbsp; 11304635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 09/30/26 | 118900000 | &nbsp;&nbsp;&nbsp; 117650157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/31/28 (d) (f) | 75000000 | &nbsp;&nbsp;&nbsp; 74572266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/30/30 (f) (g) | 17200000 | &nbsp;&nbsp;&nbsp; 16937969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 05/31/30 (f) | 102900000 | &nbsp;&nbsp;&nbsp; 102272953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 05/31/27 (f) | 2400000 | &nbsp;&nbsp;&nbsp; 2401594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 08/15/34 (d) | 44900000 | &nbsp;&nbsp;&nbsp; 43758207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/31/30 (f) | 6400000 | &nbsp;&nbsp;&nbsp; 6421750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 10/31/27 | 34900000 | &nbsp;&nbsp;&nbsp; 35044508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 03/31/31 | 58700000 | &nbsp;&nbsp;&nbsp; 59115027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 05/31/32 (g) (h) | 21300000 | &nbsp;&nbsp;&nbsp; 21355746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 05/15/35 | 33600000 | &nbsp;&nbsp;&nbsp; 33510750 |
|  |  | &nbsp;&nbsp;&nbsp; 1287960669 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury & Government Agencies <br>(Cost $1,632,730,175) <br>|  | &nbsp;&nbsp;&nbsp; 1296186317 |
| **Agency Sponsored Mortgage-Backed Securities—3.8%** | **Agency Sponsored Mortgage-Backed Securities—3.8%** | **Agency Sponsored Mortgage-Backed Securities—3.8%** |
| **Agency Mortgage-Backed Securities — 3.8%** | **Agency Mortgage-Backed Securities — 3.8%** | **Agency Mortgage-Backed Securities — 3.8%** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/48 | 3896 | &nbsp;&nbsp;&nbsp; 3724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/50 | 65911 | &nbsp;&nbsp;&nbsp; 63099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/50 | 24846 | &nbsp;&nbsp;&nbsp; 23618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/53 | 24530106 | &nbsp;&nbsp;&nbsp; 24290223 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured <br> Pass-Through Certificates<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.176%, 11/25/28 | 674662 | &nbsp;&nbsp;&nbsp; 671387 |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.920%, 03/01/35 | 2950000 | &nbsp;&nbsp;&nbsp; 2596274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/01/51 | 25120226 | &nbsp;&nbsp;&nbsp; 22127470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.180%, 07/01/35 | 2292007 | &nbsp;&nbsp;&nbsp; 2104706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/47 | 17355 | &nbsp;&nbsp;&nbsp; 16621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/48 | 75666 | &nbsp;&nbsp;&nbsp; 72467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/48 | 4240 | &nbsp;&nbsp;&nbsp; 4061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/49 | 758807 | &nbsp;&nbsp;&nbsp; 721630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/49 | 104667 | &nbsp;&nbsp;&nbsp; 100077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/50 | 15852001 | &nbsp;&nbsp;&nbsp; 15016337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/50 | 3239006 | &nbsp;&nbsp;&nbsp; 3101494 |
| Government National Mortgage Association, TBA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, TBA (i) | 110000000 | &nbsp;&nbsp;&nbsp; 102963225 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Agency Sponsored Mortgage-Backed Securities <br>(Cost $174,547,922) <br>|  | &nbsp;&nbsp;&nbsp; 173876413 |

---

**BHFTI-84**

------

**Brighthouse Funds Trust I**

**Brighthouse Balanced Plus Portfolio**

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

**Corporate Bonds & Notes—2.9%**

**Non-Agency Mortgage-Backed Securities—0.9%**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Banks — 2.4%** | **Banks — 2.4%** | **Banks — 2.4%** |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.468%, SOFR + 1.650%, 01/23/35 (j) | 15000000 | &nbsp;&nbsp;&nbsp; $15311980 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.449%, SOFR + 1.447%, 06/11/35 (j) | 10000000 | &nbsp;&nbsp;&nbsp; 10139063 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.016%, SOFR + 1.420%, 10/23/35 (j) | 5000000 | &nbsp;&nbsp;&nbsp; 4907519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.561%, SOFR + 1.950%, 10/24/34 (d) (j) | 17700000 | &nbsp;&nbsp;&nbsp; 19243305 |
| HSBC Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/14/44 | 3000000 | &nbsp;&nbsp;&nbsp; 2806039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.254%, SOFR + 2.390%, 03/09/34 (j) | 9000000 | &nbsp;&nbsp;&nbsp; 9536824 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.946%, SOFR + 1.340%, 10/22/35 (j) | 5000000 | &nbsp;&nbsp;&nbsp; 4945157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, SOFR + 1.845%, 06/01/34 (j) | 10600000 | &nbsp;&nbsp;&nbsp; 10815015 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.852%, 1Y H15 + 1.100%, 01/19/33 (j) | 5100000 | &nbsp;&nbsp;&nbsp; 4562439 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.320%, SOFR + 1.555%, 07/19/35 (j) | 15000000 | &nbsp;&nbsp;&nbsp; 15052023 |
| UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.179%, 1Y H15 + 1.100%, 02/11/43 (144A) (j) | 3000000 | &nbsp;&nbsp;&nbsp; 2203018 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.389%, SOFR + 2.020%, 04/24/34 (j) | 8800000 | &nbsp;&nbsp;&nbsp; 8931791 |
|  |  | &nbsp;&nbsp;&nbsp; 108454173 |
| **Diversified Financial Services — 0.0%** | **Diversified Financial Services — 0.0%** | **Diversified Financial Services — 0.0%** |
| Blackstone Holdings Finance Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 01/30/52 (144A) | 1300000 | &nbsp;&nbsp;&nbsp; 826082 |
| **Electric — 0.1%** | **Electric — 0.1%** | **Electric — 0.1%** |
| MidAmerican Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.700%, 08/01/52 | 800000 | &nbsp;&nbsp;&nbsp; 480960 |
| Pacific Gas & Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 03/01/55 | 2300000 | &nbsp;&nbsp;&nbsp; 2222143 |
|  |  | &nbsp;&nbsp;&nbsp; 2703103 |
| **Food — 0.0%** | **Food — 0.0%** | **Food — 0.0%** |
| Mars, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 05/01/55 (144A) | 500000 | &nbsp;&nbsp;&nbsp; 487536 |
| **Internet — 0.3%** | **Internet — 0.3%** | **Internet — 0.3%** |
| Beignet Investor LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.581%, 05/30/49 (144A) | 14800000 | &nbsp;&nbsp;&nbsp; 15216711 |
| **Telecommunications — 0.1%** | **Telecommunications — 0.1%** | **Telecommunications — 0.1%** |
| AT&T, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/15/53 | 2045000 | &nbsp;&nbsp;&nbsp; 1340981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 12/01/57 | 1556000 | &nbsp;&nbsp;&nbsp; 1050721 |
|  |  | &nbsp;&nbsp;&nbsp; 2391702 |
| **Transportation — 0.0%** | **Transportation — 0.0%** | **Transportation — 0.0%** |
| Vessel Management Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.432%, 08/15/36 | 1711000 | &nbsp;&nbsp;&nbsp; 1555515 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $133,329,751) <br>|  | &nbsp;&nbsp;&nbsp; 131634822 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Collateralized Mortgage Obligations — 0.3%** | **Collateralized Mortgage Obligations — 0.3%** | **Collateralized Mortgage Obligations — 0.3%** |
| Citigroup Mortgage Loan Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/27/51 (144A) (j) | 16813720 | &nbsp;&nbsp;&nbsp; $14590980 |
| **Commercial Mortgage-Backed Securities — 0.6%** | **Commercial Mortgage-Backed Securities — 0.6%** | **Commercial Mortgage-Backed Securities — 0.6%** |
| Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.493%, 06/15/55 (j) | 15000000 | &nbsp;&nbsp;&nbsp; 14595256 |
| BBCMS Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.299%, 02/15/54 | 11400000 | &nbsp;&nbsp;&nbsp; 10185657 |
|  |  | &nbsp;&nbsp;&nbsp; 24780913 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Non-Agency Mortgage-Backed Securities <br>(Cost $41,380,786) <br>|  | &nbsp;&nbsp;&nbsp; 39371893 |
| **Municipals—0.0%** | **Municipals—0.0%** | **Municipals—0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Los Angeles Community College District, General Obligation <br> Unlimited<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 08/01/49 | 400000 | &nbsp;&nbsp;&nbsp; 445360 |
| Port Authority of New York & New Jersey |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.458%, 10/01/62 | 1845000 | &nbsp;&nbsp;&nbsp; 1546494 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Municipals <br>(Cost $2,472,393) <br>|  | &nbsp;&nbsp;&nbsp; 1991854 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—0.1%** | **Short-Term Investments—0.1%** | **Short-Term Investments—0.1%** |
| **Repurchase Agreement—0.1%** | **Repurchase Agreement—0.1%** | **Repurchase Agreement—0.1%** |
| 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 $3,930,164; <br> collateralized by U.S. Treasury Note at 4.125%, maturing <br> 09/30/27, with a market value of $4,008,574<br>| 3929891 | &nbsp;&nbsp;&nbsp; 3929891 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $3,929,891) <br>|  | &nbsp;&nbsp;&nbsp; 3929891 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—106.5% <br>(Cost $5,202,681,819) <br>|  | &nbsp;&nbsp;&nbsp; 4834131764 |
| Other assets and liabilities (net)—(6.5)%  |  | &nbsp;&nbsp;&nbsp; (295527088)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $4538604676 |

---

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

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

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

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

(c) Non-income producing security.

(d) All or a portion of the security was pledged as collateral against open reverse repurchase agreements. As of March 31, 2026, the market value of securities pledged was $164,775,769. 

(e) All or a portion of this security has been transferred in a secured borrowing transaction.

(f) All or a portion of the security was pledged as collateral against open futures contracts. As of March 31, 2026, the market value of securities pledged was $59,141,765. 

(g) All or a portion of the security was pledged as collateral against open secured borrowing transactions. As of March 31, 2026, the market value of securities pledged was $1,530,901. 

(h) All or a portion of the security was pledged as collateral for TBA securities. As of March 31, 2026, the market value of securities pledged was $2,859,464. 

(i) TBA (To Be Announced) Securities are purchased on a forward commitment basis with an 

**BHFTI-85**

------

**Brighthouse Funds Trust I**

**Brighthouse Balanced Plus Portfolio**

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

---

| | |
|:---|:---|
|  | approximate principal amount and no defined maturity date. The actual principal and <br> maturity date will be determined upon settlement date.<br>|
| (j) | 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>|
| (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> $33,324,327, which is 0.7% of net assets.<br>|

---

**Transactions in Securities of Affiliated Issuers**

The Portfolio does not invest in the Underlying Portfolios for the purpose of exercising control; however, investments by the 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; $51922628 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(1709622)<br>| &nbsp;&nbsp; $(424831)<br>| &nbsp;&nbsp; $(4677)<br>| &nbsp;&nbsp; $49783498 |
| Allspring Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 71282910 | &nbsp;&nbsp; — | &nbsp;&nbsp; (6135171)<br>| &nbsp;&nbsp; 562712 | &nbsp;&nbsp; 1869238 | &nbsp;&nbsp; 67579689 |
| Baillie Gifford International Stock Portfolio (Class A) | &nbsp;&nbsp; 136239495 | &nbsp;&nbsp; — | &nbsp;&nbsp; (3743114)<br>| &nbsp;&nbsp; (21891)<br>| &nbsp;&nbsp; (7319601)<br>| &nbsp;&nbsp; 125154889 |
| BlackRock Bond Income Portfolio (Class A) | &nbsp;&nbsp; 367231381 | &nbsp;&nbsp; — | &nbsp;&nbsp; (11583057)<br>| &nbsp;&nbsp; (1739381)<br>| &nbsp;&nbsp; 867073 | &nbsp;&nbsp; 354776016 |
| BlackRock Capital Appreciation Portfolio (Class A) | &nbsp;&nbsp; 10591526 | &nbsp;&nbsp; — | &nbsp;&nbsp; (9954)<br>| &nbsp;&nbsp; 4111 | &nbsp;&nbsp; (959850)<br>| &nbsp;&nbsp; 9625833 |
| BlackRock High Yield Portfolio (Class A) | &nbsp;&nbsp; 48287465 | &nbsp;&nbsp; — | &nbsp;&nbsp; (1433703)<br>| &nbsp;&nbsp; 1066 | &nbsp;&nbsp; (310784)<br>| &nbsp;&nbsp; 46544044 |
| Brighthouse Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 57804711 | &nbsp;&nbsp; — | &nbsp;&nbsp; (3551863)<br>| &nbsp;&nbsp; 249154 | &nbsp;&nbsp; (103885)<br>| &nbsp;&nbsp; 54398117 |
| Brighthouse/Artisan International Portfolio (Class A) | &nbsp;&nbsp; 97707280 | &nbsp;&nbsp; — | &nbsp;&nbsp; (12141540)<br>| &nbsp;&nbsp; 2706608 | &nbsp;&nbsp; 2587635 | &nbsp;&nbsp; 90859983 |
| Brighthouse/Artisan Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 70885119 | &nbsp;&nbsp; — | &nbsp;&nbsp; (796585)<br>| &nbsp;&nbsp; 46131 | &nbsp;&nbsp; (3390092)<br>| &nbsp;&nbsp; 66744573 |
| Brighthouse/Dimensional International Small Company Portfolio (Class A) | &nbsp;&nbsp; 67448345 | &nbsp;&nbsp; — | &nbsp;&nbsp; (6619333)<br>| &nbsp;&nbsp; 1812750 | &nbsp;&nbsp; (670256)<br>| &nbsp;&nbsp; 61971506 |
| Brighthouse/Eaton Vance Floating Rate Portfolio (Class A) | &nbsp;&nbsp; 71993805 | &nbsp;&nbsp; — | &nbsp;&nbsp; (1821055)<br>| &nbsp;&nbsp; (181670)<br>| &nbsp;&nbsp; (281147)<br>| &nbsp;&nbsp; 69709933 |
| Brighthouse/Franklin Low Duration Total Return Portfolio (Class A) | &nbsp;&nbsp; 103344562 | &nbsp;&nbsp; — | &nbsp;&nbsp; (3371817)<br>| &nbsp;&nbsp; (249407)<br>| &nbsp;&nbsp; 599732 | &nbsp;&nbsp; 100323070 |
| Brighthouse/Templeton International Bond Portfolio (Class A) | &nbsp;&nbsp; 54293540 | &nbsp;&nbsp; — | &nbsp;&nbsp; (2144497)<br>| &nbsp;&nbsp; (456798)<br>| &nbsp;&nbsp; (180642)<br>| &nbsp;&nbsp; 51511603 |
| Brighthouse/Wellington Core Equity Opportunities Portfolio (Class A) | &nbsp;&nbsp; 18671892 | &nbsp;&nbsp; — | &nbsp;&nbsp; (125868)<br>| &nbsp;&nbsp; (3831)<br>| &nbsp;&nbsp; (949259)<br>| &nbsp;&nbsp; 17592934 |
| Brighthouse/Wellington Large Cap Research Portfolio (Class A) | &nbsp;&nbsp; 21378144 | &nbsp;&nbsp; — | &nbsp;&nbsp; (79106)<br>| &nbsp;&nbsp; 18852 | &nbsp;&nbsp; (1072486)<br>| &nbsp;&nbsp; 20245404 |
| CBRE Global Real Estate Portfolio (Class A) | &nbsp;&nbsp; 43233088 | &nbsp;&nbsp; — | &nbsp;&nbsp; (3903290)<br>| &nbsp;&nbsp; 539364 | &nbsp;&nbsp; 184560 | &nbsp;&nbsp; 40053722 |
| Frontier Mid Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 61479902 | &nbsp;&nbsp; — | &nbsp;&nbsp; (3155727)<br>| &nbsp;&nbsp; (454879)<br>| &nbsp;&nbsp; 487716 | &nbsp;&nbsp; 58357012 |
| Harris Oakmark International Portfolio (Class A) | &nbsp;&nbsp; 186772637 | &nbsp;&nbsp; — | &nbsp;&nbsp; (7727735)<br>| &nbsp;&nbsp; 3222075 | &nbsp;&nbsp; (14875312)<br>| &nbsp;&nbsp; 167391665 |
| Invesco Comstock Portfolio (Class A) | &nbsp;&nbsp; 5270551 | &nbsp;&nbsp; — | &nbsp;&nbsp; (231087)<br>| &nbsp;&nbsp; 8101 | &nbsp;&nbsp; 12641 | &nbsp;&nbsp; 5060206 |
| Invesco Global Equity Portfolio (Class A) | &nbsp;&nbsp; 48656997 | &nbsp;&nbsp; — | &nbsp;&nbsp; (665966)<br>| &nbsp;&nbsp; 150580 | &nbsp;&nbsp; (4847372)<br>| &nbsp;&nbsp; 43294239 |
| Invesco Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 40904803 | &nbsp;&nbsp; — | &nbsp;&nbsp; (2311623)<br>| &nbsp;&nbsp; (444197)<br>| &nbsp;&nbsp; 892874 | &nbsp;&nbsp; 39041857 |
| Jennison Growth Portfolio (Class A) | &nbsp;&nbsp; 15239490 | &nbsp;&nbsp; — | &nbsp;&nbsp; (6345)<br>| &nbsp;&nbsp; 2356 | &nbsp;&nbsp; (1662649)<br>| &nbsp;&nbsp; 13572852 |
| JPMorgan Core Bond Portfolio (Class A) | &nbsp;&nbsp; 213533147 | &nbsp;&nbsp; — | &nbsp;&nbsp; (7055424)<br>| &nbsp;&nbsp; (897184)<br>| &nbsp;&nbsp; 1170598 | &nbsp;&nbsp; 206751137 |
| JPMorgan Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 41229757 | &nbsp;&nbsp; — | &nbsp;&nbsp; (3017005)<br>| &nbsp;&nbsp; 489366 | &nbsp;&nbsp; 1242114 | &nbsp;&nbsp; 39944232 |
| Loomis Sayles Growth Portfolio (Class A) | &nbsp;&nbsp; 11940973 | &nbsp;&nbsp; — | &nbsp;&nbsp; (9117)<br>| &nbsp;&nbsp; 3567 | &nbsp;&nbsp; (1377432)<br>| &nbsp;&nbsp; 10557991 |
| MFS Research International Portfolio (Class A) | &nbsp;&nbsp; 125180054 | &nbsp;&nbsp; — | &nbsp;&nbsp; (11132821)<br>| &nbsp;&nbsp; 1973624 | &nbsp;&nbsp; 46398 | &nbsp;&nbsp; 116067255 |
| MFS Value Portfolio (Class A) | &nbsp;&nbsp; 15295146 | &nbsp;&nbsp; — | &nbsp;&nbsp; (776182)<br>| &nbsp;&nbsp; 59052 | &nbsp;&nbsp; 136248 | &nbsp;&nbsp; 14714264 |
| Morgan Stanley Discovery Portfolio (Class A) | &nbsp;&nbsp; 21323046 | &nbsp;&nbsp; 1134182 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (2425584)<br>| &nbsp;&nbsp; 20031644 |
| Neuberger Berman Genesis Portfolio (Class A) | &nbsp;&nbsp; 32794798 | &nbsp;&nbsp; — | &nbsp;&nbsp; (1874871)<br>| &nbsp;&nbsp; (252510)<br>| &nbsp;&nbsp; 760752 | &nbsp;&nbsp; 31428169 |
| PIMCO Inflation Protected Bond Portfolio (Class A) | &nbsp;&nbsp; 95990379 | &nbsp;&nbsp; — | &nbsp;&nbsp; (2902584)<br>| &nbsp;&nbsp; 18778 | &nbsp;&nbsp; (93347)<br>| &nbsp;&nbsp; 93013226 |
| PIMCO Total Return Portfolio (Class A) | &nbsp;&nbsp; 264687824 | &nbsp;&nbsp; — | &nbsp;&nbsp; (8227854)<br>| &nbsp;&nbsp; (988673)<br>| &nbsp;&nbsp; 20483 | &nbsp;&nbsp; 255491780 |
| State Street Emerging Markets Enhanced Index Portfolio (Class A) (formerly, SSGA <br> Emerging Markets Enhanced Index Portfolio)<br>| &nbsp;&nbsp; 91696048 | &nbsp;&nbsp; — | &nbsp;&nbsp; (13323885)<br>| &nbsp;&nbsp; 2447404 | &nbsp;&nbsp; 1354532 | &nbsp;&nbsp; 82174099 |
| T. Rowe Price Large Cap Value Portfolio (Class A) | &nbsp;&nbsp; 12003085 | &nbsp;&nbsp; — | &nbsp;&nbsp; (817961)<br>| &nbsp;&nbsp; 159995 | &nbsp;&nbsp; 126926 | &nbsp;&nbsp; 11472045 |
| T. Rowe Price Mid Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 35715752 | &nbsp;&nbsp; — | &nbsp;&nbsp; (335876)<br>| &nbsp;&nbsp; (38984)<br>| &nbsp;&nbsp; (1378920)<br>| &nbsp;&nbsp; 33961972 |
| T. Rowe Price Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 57557856 | &nbsp;&nbsp; — | &nbsp;&nbsp; (2388917)<br>| &nbsp;&nbsp; (679895)<br>| &nbsp;&nbsp; 559548 | &nbsp;&nbsp; 55048592 |
| TCW Core Fixed Income Portfolio (Class A) | &nbsp;&nbsp; 299558597 | &nbsp;&nbsp; — | &nbsp;&nbsp; (9626393)<br>| &nbsp;&nbsp; (1412918)<br>| &nbsp;&nbsp; 1801293 | &nbsp;&nbsp; 290320579 |
| VanEck Global Natural Resources Portfolio (Class A) | &nbsp;&nbsp; 66931433 | &nbsp;&nbsp; — | &nbsp;&nbsp; (13060054)<br>| &nbsp;&nbsp; 7898004 | &nbsp;&nbsp; 2788953 | &nbsp;&nbsp; 64558336 |
| Western Asset Management Strategic Bond Opportunities Portfolio (Class A) | &nbsp;&nbsp; 150456969 | &nbsp;&nbsp; — | &nbsp;&nbsp; (5151811)<br>| &nbsp;&nbsp; (1343548)<br>| &nbsp;&nbsp; 961867 | &nbsp;&nbsp; 144923477 |
| Western Asset Management U.S. Government Portfolio (Class A) | &nbsp;&nbsp; 168212603 | &nbsp;&nbsp; — | &nbsp;&nbsp; (5607821)<br>| &nbsp;&nbsp; (621953)<br>| &nbsp;&nbsp; 1106302 | &nbsp;&nbsp; 163089131 |
|  | &nbsp;&nbsp; $3354747738 | &nbsp;&nbsp; $1134182 | &nbsp;&nbsp; $(158576634)<br>| &nbsp;&nbsp; $12161100 | &nbsp;&nbsp; $(22325812)<br>| &nbsp;&nbsp; $3187140574 |

---

**BHFTI-86**

------

**Brighthouse Funds Trust I**

**Brighthouse Balanced Plus Portfolio**

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

&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; 6317703 |
| Allspring Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 6485575 |
| Baillie Gifford International Stock Portfolio (Class A) | &nbsp;&nbsp; 11440118 |
| BlackRock Bond Income Portfolio (Class A) | &nbsp;&nbsp; 3878181 |
| BlackRock Capital Appreciation Portfolio (Class A) | &nbsp;&nbsp; 238381 |
| BlackRock High Yield Portfolio (Class A) | &nbsp;&nbsp; 6140375 |
| Brighthouse Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 4797012 |
| Brighthouse/Artisan International Portfolio (Class A) | &nbsp;&nbsp; 6811093 |
| Brighthouse/Artisan Mid Cap Value Portfolio (Class A) | &nbsp;&nbsp; 419461 |
| Brighthouse/Dimensional International Small Company Portfolio (Class A) | &nbsp;&nbsp; 4965666 |
| Brighthouse/Eaton Vance Floating Rate Portfolio (Class A) | &nbsp;&nbsp; 7585412 |
| Brighthouse/Franklin Low Duration Total Return Portfolio (Class A) | &nbsp;&nbsp; 11310380 |
| Brighthouse/Templeton International Bond Portfolio (Class A) | &nbsp;&nbsp; 6422893 |
| Brighthouse/Wellington Core Equity Opportunities Portfolio (Class A) | &nbsp;&nbsp; 677433 |
| Brighthouse/Wellington Large Cap Research Portfolio (Class A) | &nbsp;&nbsp; 1445068 |
| CBRE Global Real Estate Portfolio (Class A) | &nbsp;&nbsp; 3729397 |
| Frontier Mid Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 1984932 |
| Harris Oakmark International Portfolio (Class A) | &nbsp;&nbsp; 11681205 |
| Invesco Comstock Portfolio (Class A) | &nbsp;&nbsp; 382191 |
| Invesco Global Equity Portfolio (Class A) | &nbsp;&nbsp; 1916522 |
| Invesco Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 3820143 |
| Jennison Growth Portfolio (Class A) | &nbsp;&nbsp; 970876 |
| JPMorgan Core Bond Portfolio (Class A) | &nbsp;&nbsp; 22448549 |
| JPMorgan Small Cap Value Portfolio (Class A) | &nbsp;&nbsp; 3208372 |
| Loomis Sayles Growth Portfolio (Class A) | &nbsp;&nbsp; 618874 |
| MFS Research International Portfolio (Class A) | &nbsp;&nbsp; 8459712 |
| MFS Value Portfolio (Class A) | &nbsp;&nbsp; 1067798 |
| Morgan Stanley Discovery Portfolio (Class A) | &nbsp;&nbsp; 2485316 |
| Neuberger Berman Genesis Portfolio (Class A) | &nbsp;&nbsp; 2055472 |
| PIMCO Inflation Protected Bond Portfolio (Class A) | &nbsp;&nbsp; 9039186 |
| PIMCO Total Return Portfolio (Class A) | &nbsp;&nbsp; 25246223 |
| State Street Emerging Markets Enhanced Index Portfolio (Class A) (formerly, SSGA Emerging Markets Enhanced Index Portfolio) | &nbsp;&nbsp; 5671090 |
| T. Rowe Price Large Cap Value Portfolio (Class A) | &nbsp;&nbsp; 411923 |
| T. Rowe Price Mid Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 4198019 |
| T. Rowe Price Small Cap Growth Portfolio (Class A) | &nbsp;&nbsp; 2969180 |
| TCW Core Fixed Income Portfolio (Class A) | &nbsp;&nbsp; 32878888 |
| VanEck Global Natural Resources Portfolio (Class A) | &nbsp;&nbsp; 3919753 |
| Western Asset Management Strategic Bond Opportunities Portfolio (Class A) | &nbsp;&nbsp; 13569614 |
| Western Asset Management U.S. Government Portfolio (Class A) | &nbsp;&nbsp; 15142909 |

---

**Reverse Repurchase Agreements** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Interest** <br>**Rate**<br>| **Settlement** <br>**Date**<br>| **Maturity** <br>**Date**<br>| **Principal Amount** | **Principal Amount** | **Net Closing** <br>**Amount**<br>|
| Barclays Bank PLC | 3.500<br> %<br>| &nbsp;&nbsp; 12/12/25 | &nbsp;&nbsp; 12/12/27 | &nbsp;&nbsp; USD | &nbsp;&nbsp; (7497875)<br>| &nbsp;&nbsp; $(7497875)<br>|
| Deutsche Bank Securities, Inc. | 3.760<br> %<br>| &nbsp;&nbsp; 03/18/26 | &nbsp;&nbsp; 04/08/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; (19076125)<br>| &nbsp;&nbsp; (19076125)<br>|
| Deutsche Bank Securities, Inc. | 3.750<br> %<br>| &nbsp;&nbsp; 03/19/26 | &nbsp;&nbsp; 04/09/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; (8040225)<br>| &nbsp;&nbsp; (8040225)<br>|
| JPMorgan Securities LLC | 3.760<br> %<br>| &nbsp;&nbsp; 03/30/26 | &nbsp;&nbsp; 04/20/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; (91764090)<br>| &nbsp;&nbsp; (91764090)<br>|
| JPMorgan Securities LLC | 3.760<br> %<br>| &nbsp;&nbsp; 03/10/26 | &nbsp;&nbsp; 04/21/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; (12484500)<br>| &nbsp;&nbsp; (12484500)<br>|
| JPMorgan Securities LLC | 3.760<br> %<br>| &nbsp;&nbsp; 03/09/26 | &nbsp;&nbsp; 04/06/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; (27185750)<br>| &nbsp;&nbsp; (27185750)<br>|
| Total |  |  |  |  |  | &nbsp;&nbsp; $(166048565)<br>|

---

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

**BHFTI-87**

------

**Brighthouse Funds Trust I**

**Brighthouse Balanced Plus 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 500 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 2263 | USD | 743480363 | &nbsp;&nbsp;&nbsp; $(13095785)<br>|
| U.S. Treasury Ultra Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 318 | USD | 37066875 | &nbsp;&nbsp;&nbsp; (1228589)<br>|

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Short** |  |  |  |  |  |
| U.S. Treasury Note 2 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; (199)<br>| USD | (41281617)<br>| &nbsp;&nbsp;&nbsp; 298444 |
| U.S. Treasury Note Ultra 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (587)<br>| USD | (66633672)<br>| &nbsp;&nbsp;&nbsp; 1522251 |
| Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | &nbsp;&nbsp;&nbsp; $(12503679)<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 Investment Companies\* | &nbsp;&nbsp;&nbsp; $3187140574 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $3187140574 |
| Total U.S. Treasury & Government Agencies\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1296186317 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1296186317 |
| Total Agency Sponsored Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 173876413 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 173876413 |
| Total Corporate Bonds & Notes\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 131634822 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 131634822 |
| Total Non-Agency Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 39371893 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 39371893 |
| Total Municipals\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1991854 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1991854 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3929891 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3929891 |
| Total Investments | &nbsp;&nbsp;&nbsp; $3187140574 | &nbsp;&nbsp;&nbsp; $1646991190 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $4834131764 |
| Reverse Repurchase Agreements (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(166048565)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(166048565)<br>|
| Secured Borrowings (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(55836520)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(55836520)<br>|
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $1820695 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1820695 |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; (14324374)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (14324374)<br>|
| Total Futures Contracts | &nbsp;&nbsp;&nbsp; $(12503679)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(12503679)<br>|

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-88**

------

**Brighthouse Funds Trust I**

**Brighthouse Small Cap Value Portfolio**

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

**Common Stocks—97.2% 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 — 1.2%** | **Aerospace & Defense — 1.2%** | **Aerospace & Defense — 1.2%** |
| StandardAero, Inc. (a) (b) | 327197 | &nbsp;&nbsp;&nbsp; $8451498 |
| **Automobile Components — 1.6%** | **Automobile Components — 1.6%** | **Automobile Components — 1.6%** |
| Garrett Motion, Inc.  | 213723 | &nbsp;&nbsp;&nbsp; 3883347 |
| Holley, Inc. (b) | 1450616 | &nbsp;&nbsp;&nbsp; 4453391 |
| Visteon Corp. (a) | 28976 | &nbsp;&nbsp;&nbsp; 2640003 |
|  |  | &nbsp;&nbsp;&nbsp; 10976741 |
| **Banks — 11.6%** | **Banks — 11.6%** | **Banks — 11.6%** |
| Associated Banc-Corp.  | 225898 | &nbsp;&nbsp;&nbsp; 5841722 |
| BOK Financial Corp. (a) | 37774 | &nbsp;&nbsp;&nbsp; 4837338 |
| Hancock Whitney Corp. (a) | 254915 | &nbsp;&nbsp;&nbsp; 16210045 |
| Old National Bancorp (a) | 359437 | &nbsp;&nbsp;&nbsp; 7943558 |
| Renasant Corp. (a) | 254070 | &nbsp;&nbsp;&nbsp; 9179549 |
| Southstate Bank Corp.  | 173194 | &nbsp;&nbsp;&nbsp; 16023909 |
| UMB Financial Corp. (a) | 193668 | &nbsp;&nbsp;&nbsp; 21843814 |
|  |  | &nbsp;&nbsp;&nbsp; 81879935 |
| **Broadline Retail — 0.5%** | **Broadline Retail — 0.5%** | **Broadline Retail — 0.5%** |
| Pattern Group, Inc. - Class A (a) (b) | 274104 | &nbsp;&nbsp;&nbsp; 3407113 |
| **Building Products — 5.2%** | **Building Products — 5.2%** | **Building Products — 5.2%** |
| CSW Industrials, Inc. (a) | 13549 | &nbsp;&nbsp;&nbsp; 3530599 |
| Janus International Group, Inc. (a) (b) | 468169 | &nbsp;&nbsp;&nbsp; 2411070 |
| Quanex Building Products Corp. (a) | 425399 | &nbsp;&nbsp;&nbsp; 7644420 |
| Simpson Manufacturing Co., Inc. (a) | 48751 | &nbsp;&nbsp;&nbsp; 8366647 |
| UFP Industries, Inc.  | 162470 | &nbsp;&nbsp;&nbsp; 14966736 |
|  |  | &nbsp;&nbsp;&nbsp; 36919472 |
| **Capital Markets — 1.4%** | **Capital Markets — 1.4%** | **Capital Markets — 1.4%** |
| GlassBridge Enterprises, Inc. (b) (c) (d) | 572 | &nbsp;&nbsp;&nbsp; 0 |
| Lazard, Inc.  | 53403 | &nbsp;&nbsp;&nbsp; 2268559 |
| Marex Group PLC (a) | 132250 | &nbsp;&nbsp;&nbsp; 5895705 |
| Westwood Holdings Group, Inc.  | 94844 | &nbsp;&nbsp;&nbsp; 1562081 |
|  |  | &nbsp;&nbsp;&nbsp; 9726345 |
| **Chemicals — 9.1%** | **Chemicals — 9.1%** | **Chemicals — 9.1%** |
| Avient Corp. (a) | 477438 | &nbsp;&nbsp;&nbsp; 17330999 |
| Ecovyst, Inc. (a) (b) | 611589 | &nbsp;&nbsp;&nbsp; 7865035 |
| Ingevity Corp. (b) | 14626 | &nbsp;&nbsp;&nbsp; 1041810 |
| Innospec, Inc.  | 313378 | &nbsp;&nbsp;&nbsp; 22882862 |
| Mativ Holdings, Inc.  | 642611 | &nbsp;&nbsp;&nbsp; 5590716 |
| Minerals Technologies, Inc. (a) | 56137 | &nbsp;&nbsp;&nbsp; 3981236 |
| NewMarket Corp.  | 1116 | &nbsp;&nbsp;&nbsp; 715300 |
| Quaker Chemical Corp. (a) | 39823 | &nbsp;&nbsp;&nbsp; 4947211 |
|  |  | &nbsp;&nbsp;&nbsp; 64355169 |
| **Commercial Services & Supplies — 1.3%** | **Commercial Services & Supplies — 1.3%** | **Commercial Services & Supplies — 1.3%** |
| ACCO Brands Corp. (a) | 1213225 | &nbsp;&nbsp;&nbsp; 3639675 |
| Ennis, Inc.  | 255788 | &nbsp;&nbsp;&nbsp; 5478979 |
|  |  | &nbsp;&nbsp;&nbsp; 9118654 |
| **Communications Equipment — 1.0%** | **Communications Equipment — 1.0%** | **Communications Equipment — 1.0%** |
| Vistance Networks, Inc. (b) | 368867 | &nbsp;&nbsp;&nbsp; 6713379 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Construction Materials — 2.4%** | **Construction Materials — 2.4%** | **Construction Materials — 2.4%** |
| Eagle Materials, Inc. (a) | 61170 | &nbsp;&nbsp;&nbsp; $11588657 |
| Titan America SA (a) (b) | 360634 | &nbsp;&nbsp;&nbsp; 5402297 |
|  |  | &nbsp;&nbsp;&nbsp; 16990954 |
| **Containers & Packaging — 4.4%** | **Containers & Packaging — 4.4%** | **Containers & Packaging — 4.4%** |
| Myers Industries, Inc.  | 323067 | &nbsp;&nbsp;&nbsp; 6842559 |
| Silgan Holdings, Inc. (a) | 254769 | &nbsp;&nbsp;&nbsp; 9885037 |
| TriMas Corp. (a) | 402259 | &nbsp;&nbsp;&nbsp; 14457189 |
|  |  | &nbsp;&nbsp;&nbsp; 31184785 |
| **Diversified Consumer Services — 1.0%** | **Diversified Consumer Services — 1.0%** | **Diversified Consumer Services — 1.0%** |
| Graham Holdings Co. - Class B | 2522 | &nbsp;&nbsp;&nbsp; 2666410 |
| Matthews International Corp. - Class A (a) | 175994 | &nbsp;&nbsp;&nbsp; 4544165 |
|  |  | &nbsp;&nbsp;&nbsp; 7210575 |
| **Electronic Equipment, Instruments & Components — 6.2%** | **Electronic Equipment, Instruments & Components — 6.2%** | **Electronic Equipment, Instruments & Components — 6.2%** |
| Belden, Inc. (a) | 120656 | &nbsp;&nbsp;&nbsp; 13854929 |
| Ingram Micro Holding Corp. (a) | 156582 | &nbsp;&nbsp;&nbsp; 3649926 |
| Insight Enterprises, Inc. (b) | 42983 | &nbsp;&nbsp;&nbsp; 2880291 |
| Knowles Corp. (b) | 185858 | &nbsp;&nbsp;&nbsp; 4772833 |
| Novanta, Inc. (b) | 110122 | &nbsp;&nbsp;&nbsp; 13006509 |
| Sanmina Corp. (b) | 44415 | &nbsp;&nbsp;&nbsp; 5757961 |
|  |  | &nbsp;&nbsp;&nbsp; 43922449 |
| **Energy Equipment & Services — 1.3%** | **Energy Equipment & Services — 1.3%** | **Energy Equipment & Services — 1.3%** |
| Forum Energy Technologies, Inc. (a) (b) | 37170 | &nbsp;&nbsp;&nbsp; 2180392 |
| Liberty Energy, Inc. (a) | 108287 | &nbsp;&nbsp;&nbsp; 3118666 |
| Patterson-UTI Energy, Inc. (a) | 350977 | &nbsp;&nbsp;&nbsp; 3801081 |
|  |  | &nbsp;&nbsp;&nbsp; 9100139 |
| **Financial Services — 0.8%** | **Financial Services — 0.8%** | **Financial Services — 0.8%** |
| Compass Diversified Holdings | 685244 | &nbsp;&nbsp;&nbsp; 5386018 |
| **Food Products — 4.1%** | **Food Products — 4.1%** | **Food Products — 4.1%** |
| J&J Snack Foods Corp.  | 251051 | &nbsp;&nbsp;&nbsp; 19900813 |
| Nomad Foods Ltd.  | 655424 | &nbsp;&nbsp;&nbsp; 6298624 |
| Tootsie Roll Industries, Inc. (a) | 56627 | &nbsp;&nbsp;&nbsp; 2419073 |
|  |  | &nbsp;&nbsp;&nbsp; 28618510 |
| **Gas Utilities — 0.6%** | **Gas Utilities — 0.6%** | **Gas Utilities — 0.6%** |
| MDU Resources Group, Inc. (a) | 205558 | &nbsp;&nbsp;&nbsp; 4259162 |
| **Ground Transportation — 0.5%** | **Ground Transportation — 0.5%** | **Ground Transportation — 0.5%** |
| Werner Enterprises, Inc.  | 108818 | &nbsp;&nbsp;&nbsp; 3200337 |
| **Health Care Equipment & Supplies — 3.9%** | **Health Care Equipment & Supplies — 3.9%** | **Health Care Equipment & Supplies — 3.9%** |
| CONMED Corp. (a) | 93094 | &nbsp;&nbsp;&nbsp; 3291804 |
| Enovis Corp. (a) (b) | 164240 | &nbsp;&nbsp;&nbsp; 3736460 |
| Globus Medical, Inc. - Class A (b) | 61187 | &nbsp;&nbsp;&nbsp; 5271872 |
| Haemonetics Corp. (b) | 119636 | &nbsp;&nbsp;&nbsp; 6742685 |
| UFP Technologies, Inc. (a) (b) | 22744 | &nbsp;&nbsp;&nbsp; 4403238 |
| Varex Imaging Corp. (b) | 404560 | &nbsp;&nbsp;&nbsp; 4292382 |
|  |  | &nbsp;&nbsp;&nbsp; 27738441 |

---

**BHFTI-89**

------

**Brighthouse Funds Trust I**

**Brighthouse Small Cap Value Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Health Care Providers & Services — 0.7%** | **Health Care Providers & Services — 0.7%** | **Health Care Providers & Services — 0.7%** |
| Chemed Corp.  | 12867 | &nbsp;&nbsp;&nbsp; $4860381 |
| **Hotels, Restaurants & Leisure — 2.0%** | **Hotels, Restaurants & Leisure — 2.0%** | **Hotels, Restaurants & Leisure — 2.0%** |
| Boyd Gaming Corp.  | 52719 | &nbsp;&nbsp;&nbsp; 4332447 |
| Genius Sports Ltd. (a) (b) | 508369 | &nbsp;&nbsp;&nbsp; 2252075 |
| Pursuit Attractions & Hospitality, Inc. (a) (b) | 212084 | &nbsp;&nbsp;&nbsp; 7768637 |
|  |  | &nbsp;&nbsp;&nbsp; 14353159 |
| **Household Durables — 0.5%** | **Household Durables — 0.5%** | **Household Durables — 0.5%** |
| La-Z-Boy, Inc.  | 118338 | &nbsp;&nbsp;&nbsp; 3803383 |
| **Household Products — 2.0%** | **Household Products — 2.0%** | **Household Products — 2.0%** |
| Central Garden & Pet Co. (Voting Shares) (a) (b) | 77122 | &nbsp;&nbsp;&nbsp; 2835776 |
| Central Garden & Pet Co. (Non-Voting Shares) - Class A (b) | 347180 | &nbsp;&nbsp;&nbsp; 11255576 |
|  |  | &nbsp;&nbsp;&nbsp; 14091352 |
| **Insurance — 5.4%** | **Insurance — 5.4%** | **Insurance — 5.4%** |
| Abacus Global Management, Inc. (a) | 207135 | &nbsp;&nbsp;&nbsp; 1632224 |
| CNO Financial Group, Inc.  | 146408 | &nbsp;&nbsp;&nbsp; 6011513 |
| Hanover Insurance Group, Inc.  | 50281 | &nbsp;&nbsp;&nbsp; 8716211 |
| Stewart Information Services Corp.  | 240438 | &nbsp;&nbsp;&nbsp; 14806172 |
| White Mountains Insurance Group Ltd. (a) | 2968 | &nbsp;&nbsp;&nbsp; 6520577 |
|  |  | &nbsp;&nbsp;&nbsp; 37686697 |
| **Interactive Media & Services — 0.5%** | **Interactive Media & Services — 0.5%** | **Interactive Media & Services — 0.5%** |
| IAC, Inc. (a) (b) | 90292 | &nbsp;&nbsp;&nbsp; 3614389 |
| **Leisure Products — 0.1%** | **Leisure Products — 0.1%** | **Leisure Products — 0.1%** |
| Mattel, Inc. (b) | 35111 | &nbsp;&nbsp;&nbsp; 510163 |
| **Life Sciences Tools & Services — 1.1%** | **Life Sciences Tools & Services — 1.1%** | **Life Sciences Tools & Services — 1.1%** |
| Azenta, Inc. (a) (b) | 152511 | &nbsp;&nbsp;&nbsp; 3222557 |
| Charles River Laboratories International, Inc. (b) | 25553 | &nbsp;&nbsp;&nbsp; 4407893 |
|  |  | &nbsp;&nbsp;&nbsp; 7630450 |
| **Machinery — 12.1%** | **Machinery — 12.1%** | **Machinery — 12.1%** |
| Alamo Group, Inc. (a) | 94926 | &nbsp;&nbsp;&nbsp; 15659942 |
| Atmus Filtration Technologies, Inc.  | 41840 | &nbsp;&nbsp;&nbsp; 2375257 |
| Douglas Dynamics, Inc.  | 323330 | &nbsp;&nbsp;&nbsp; 13608960 |
| Franklin Electric Co., Inc.  | 255219 | &nbsp;&nbsp;&nbsp; 23523535 |
| Hillman Solutions Corp. (a) (b) | 1020909 | &nbsp;&nbsp;&nbsp; 8493963 |
| Mayville Engineering Co., Inc. (b) | 294653 | &nbsp;&nbsp;&nbsp; 5289022 |
| Middleby Corp. (b) | 13514 | &nbsp;&nbsp;&nbsp; 1791686 |
| Mueller Industries, Inc.  | 106645 | &nbsp;&nbsp;&nbsp; 11816266 |
| Standex International Corp. (a) | 11427 | &nbsp;&nbsp;&nbsp; 2912285 |
|  |  | &nbsp;&nbsp;&nbsp; 85470916 |
| **Mortgage Real Estate Investment Trusts — 0.5%** | **Mortgage Real Estate Investment Trusts — 0.5%** | **Mortgage Real Estate Investment Trusts — 0.5%** |
| Adamas Trust, Inc. (a) | 473865 | &nbsp;&nbsp;&nbsp; 3487646 |
| **Oil, Gas & Consumable Fuels — 4.6%** | **Oil, Gas & Consumable Fuels — 4.6%** | **Oil, Gas & Consumable Fuels — 4.6%** |
| California Resources Corp.  | 43523 | &nbsp;&nbsp;&nbsp; 3012662 |
| Chord Energy Corp.  | 97390 | &nbsp;&nbsp;&nbsp; 13846910 |
| Magnolia Oil & Gas Corp. - Class A (a) | 380582 | &nbsp;&nbsp;&nbsp; 12014974 |
| Matador Resources Co.  | 49667 | &nbsp;&nbsp;&nbsp; 3137961 |
|  |  | &nbsp;&nbsp;&nbsp; 32012507 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Pharmaceuticals — 1.9%** | **Pharmaceuticals — 1.9%** | **Pharmaceuticals — 1.9%** |
| Prestige Consumer Healthcare, Inc. (a) (b) | 224453 | &nbsp;&nbsp;&nbsp; $13303329 |
| **Professional Services — 1.9%** | **Professional Services — 1.9%** | **Professional Services — 1.9%** |
| Korn Ferry | 192434 | &nbsp;&nbsp;&nbsp; 12113720 |
| Maximus, Inc. (a) | 23432 | &nbsp;&nbsp;&nbsp; 1501991 |
|  |  | &nbsp;&nbsp;&nbsp; 13615711 |
| **Retail REITs — 0.2%** | **Retail REITs — 0.2%** | **Retail REITs — 0.2%** |
| Agree Realty Corp. (a) | 22784 | &nbsp;&nbsp;&nbsp; 1717458 |
| **Semiconductors & Semiconductor Equipment — 1.6%** | **Semiconductors & Semiconductor Equipment — 1.6%** | **Semiconductors & Semiconductor Equipment — 1.6%** |
| Amkor Technology, Inc.  | 31141 | &nbsp;&nbsp;&nbsp; 1402279 |
| Axcelis Technologies, Inc. (a) (b) | 40107 | &nbsp;&nbsp;&nbsp; 3733160 |
| Diodes, Inc. (a) (b) | 38487 | &nbsp;&nbsp;&nbsp; 2627123 |
| Onto Innovation, Inc. (b) | 16521 | &nbsp;&nbsp;&nbsp; 3387961 |
|  |  | &nbsp;&nbsp;&nbsp; 11150523 |
| **Software — 0.3%** | **Software — 0.3%** | **Software — 0.3%** |
| Bit Digital, Inc. (a) (b) | 905889 | &nbsp;&nbsp;&nbsp; 1186714 |
| Progress Software Corp. (b) | 44275 | &nbsp;&nbsp;&nbsp; 1135654 |
|  |  | &nbsp;&nbsp;&nbsp; 2322368 |
| **Specialty Retail — 0.6%** | **Specialty Retail — 0.6%** | **Specialty Retail — 0.6%** |
| Group 1 Automotive, Inc. (a) | 12255 | &nbsp;&nbsp;&nbsp; 4051871 |
| **Technology Hardware, Storage & Peripherals — 1.2%** | **Technology Hardware, Storage & Peripherals — 1.2%** | **Technology Hardware, Storage & Peripherals — 1.2%** |
| Diebold Nixdorf, Inc. (a) (b) | 107237 | &nbsp;&nbsp;&nbsp; 8089959 |
| **Textiles, Apparel & Luxury Goods — 1.4%** | **Textiles, Apparel & Luxury Goods — 1.4%** | **Textiles, Apparel & Luxury Goods — 1.4%** |
| Capri Holdings Ltd. (a) (b) | 105822 | &nbsp;&nbsp;&nbsp; 1864584 |
| Levi Strauss & Co. - Class A (a) | 213037 | &nbsp;&nbsp;&nbsp; 3939054 |
| Steven Madden Ltd. (a) | 126831 | &nbsp;&nbsp;&nbsp; 4302107 |
|  |  | &nbsp;&nbsp;&nbsp; 10105745 |
| **Trading Companies & Distributors — 0.5%** | **Trading Companies & Distributors — 0.5%** | **Trading Companies & Distributors — 0.5%** |
| Custom Truck One Source, Inc. (b) | 479182 | &nbsp;&nbsp;&nbsp; 3148226 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $669,691,849) <br>|  | &nbsp;&nbsp;&nbsp; 684185909 |
| **Escrow Shares—0.0%** | **Escrow Shares—0.0%** | **Escrow Shares—0.0%** |
| **Special Purpose Acquisition Companies — 0.0%** | **Special Purpose Acquisition Companies — 0.0%** | **Special Purpose Acquisition Companies — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Pershing Square Tontine Holdings Ltd. (b) (c) (d) <br>(Cost $0)<br>| 140969 | &nbsp;&nbsp;&nbsp; 0 |
| **Rights—0.0%** | **Rights—0.0%** | **Rights—0.0%** |
| **Special Purpose Acquisition Companies — 0.0%** | **Special Purpose Acquisition Companies — 0.0%** | **Special Purpose Acquisition Companies — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Pershing Square Holdings Ltd. (b) <br>(Cost $0)<br>| 35242 | &nbsp;&nbsp;&nbsp; 0 |

---

**BHFTI-90**

------

**Brighthouse Funds Trust I**

**Brighthouse Small Cap Value Portfolio**

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

**Short-Term Investments—3.4%**

&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—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 $23,948,649; <br> collateralized by U.S. Treasury Notes with rates ranging from <br> 0.375% - 3.875%, maturity dates ranging from 07/15/27 - <br> 07/31/27, and an aggregate market value of $24,426,073<br>| 23946986 | &nbsp;&nbsp;&nbsp; $23946986 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $23,946,986) <br>|  | &nbsp;&nbsp;&nbsp; 23946986 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (e)—17.5%** | **Securities Lending Reinvestments (e)—17.5%** | **Securities Lending Reinvestments (e)—17.5%** |
| **Short-Term Investment Funds—2.1%** | **Short-Term Investment Funds—2.1%** | **Short-Term Investment Funds—2.1%** |
| &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>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &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>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco STIT-Government & Agency Portfolio, <br>Institutional Class 3.580% (f)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
|  |  | &nbsp;&nbsp;&nbsp; 15000000 |

---

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

---

| | | |
|:---|:---|:---|
| **Certificates of Deposit—1.1%** | **Certificates of Deposit—1.1%** | **Certificates of Deposit—1.1%** |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.980%, SOFR + 0.350%, 05/14/26 (g) | 2000000 | &nbsp;&nbsp;&nbsp; 1999998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, SOFR + 0.370%, 08/07/26 (g) | 1000000 | &nbsp;&nbsp;&nbsp; 1000388 |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.760%, 05/12/26 | 1000000 | &nbsp;&nbsp;&nbsp; 999969 |
| Mitsubishi UFJ Trust & Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/12/26 | 1000000 | &nbsp;&nbsp;&nbsp; 992230 |
| 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 | 1000000 | &nbsp;&nbsp;&nbsp; 1000007 |
|  |  | &nbsp;&nbsp;&nbsp; 7976392 |
| **Commercial Paper—0.9%** | **Commercial Paper—0.9%** | **Commercial Paper—0.9%** |
| ING U.S. Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.960%, SOFR + 0.330%, 09/18/26 (g) | 2000000 | &nbsp;&nbsp;&nbsp; 1999900 |
| Ionic Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.720%, 04/01/26 | 1000000 | &nbsp;&nbsp;&nbsp; 999892 |
| 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; 5994417 |
| **Repurchase Agreements—11.4%** | **Repurchase Agreements—11.4%** | **Repurchase Agreements—11.4%** |
| 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 $3,000,314; collateralized <br> by various Common Stock with an aggregate market value of <br> $3,343,799<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |

---

---

| | | |
|:---|:---|:---|
| **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 $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 $20,002,094; <br> collateralized by various Common Stock with an aggregate <br> market value of $22,245,620<br>| 20000000 | &nbsp;&nbsp;&nbsp; 20000000 |
| Barclays Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.660%, 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 4.000% - <br> 4.500%, maturity dates ranging from 05/31/29 - 07/31/29, <br> and an aggregate market value of $2,040,003<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| 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 $10,001,019; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 0.000% - 4.875%, maturity dates ranging from <br> 04/09/26 - 02/15/56, and an aggregate market value of <br> $10,200,000<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| 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 |
| 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 $7,239,611; collateralized <br> by 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 $7,383,656<br>| 7238877 | &nbsp;&nbsp;&nbsp; 7238877 |
| 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 |
| &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 U.S. Treasury Bond at 3.875%, maturing 02/15/43, and <br> various Common Stock with an aggregate market value of <br> $3,332,947<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| 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 $11,001,155; <br> collateralized by various Common Stock with an aggregate <br> market value of $12,260,916<br>| 11000000 | &nbsp;&nbsp;&nbsp; 11000000 |
| 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 $3,002,234; collateralized <br> by various Common Stock with an aggregate market value of <br> $3,344,025<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |

---

**BHFTI-91**

------

**Brighthouse Funds Trust I**

**Brighthouse Small Cap Value 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)** |
| 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 $3,011,404; collateralized <br> by various Common Stock with an aggregate market value of <br> $3,333,695<br>| 3000000 | &nbsp;&nbsp;&nbsp; $3000000 |
|  |  | &nbsp;&nbsp;&nbsp; 80238877 |
| **Time Deposits—2.0%** | **Time Deposits—2.0%** | **Time Deposits—2.0%** |
| Credit Agricole CIB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.630%, 04/01/26 | 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| DZ Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.710%, OBFR + 0.070% 04/07/26 (g) | 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| Svenska NY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
|  |  | &nbsp;&nbsp;&nbsp; 14000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $123,209,755) <br>|  | &nbsp;&nbsp;&nbsp; 123209686 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—118.1% <br>(Cost $816,848,590) <br>|  | &nbsp;&nbsp;&nbsp; 831342581 |
| Other assets and liabilities (net)—(18.1)%  |  | &nbsp;&nbsp;&nbsp; (127290103)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $704052478 |

---

&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 $158,844,859 and the collateral received consisted of cash in the amount <br> of $123,196,229 and non-cash collateral with a value of $36,117,384. 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) | 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>|
| (d) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. |
| (e) | Represents investment of cash collateral received from securities on loan as of March 31, 2026. |
| (f) | The rate shown represents the annualized seven-day yield as of March 31, 2026. |
| (g) | 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>|

---

**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; $8451498 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $8451498 |
| &nbsp;&nbsp;&nbsp; Automobile Components | &nbsp;&nbsp; 10976741 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 10976741 |
| &nbsp;&nbsp;&nbsp; Banks | &nbsp;&nbsp; 81879935 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 81879935 |
| &nbsp;&nbsp;&nbsp; Broadline Retail | &nbsp;&nbsp; 3407113 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 3407113 |
| &nbsp;&nbsp;&nbsp; Building Products | &nbsp;&nbsp; 36919472 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 36919472 |
| &nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp; 9726345 | &nbsp;&nbsp; — | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 9726345 |
| &nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp; 64355169 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 64355169 |
| &nbsp;&nbsp;&nbsp; Commercial Services & Supplies | &nbsp;&nbsp; 9118654 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 9118654 |
| &nbsp;&nbsp;&nbsp; Communications Equipment | &nbsp;&nbsp; 6713379 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 6713379 |
| &nbsp;&nbsp;&nbsp; Construction Materials | &nbsp;&nbsp; 16990954 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 16990954 |
| &nbsp;&nbsp;&nbsp; Containers & Packaging | &nbsp;&nbsp; 31184785 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 31184785 |
| &nbsp;&nbsp;&nbsp; Diversified Consumer Services | &nbsp;&nbsp; 7210575 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 7210575 |
| &nbsp;&nbsp;&nbsp; Electronic Equipment, Instruments & Components | &nbsp;&nbsp; 43922449 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 43922449 |
| &nbsp;&nbsp;&nbsp; Energy Equipment & Services | &nbsp;&nbsp; 9100139 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 9100139 |
| &nbsp;&nbsp;&nbsp; Financial Services | &nbsp;&nbsp; 5386018 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 5386018 |
| &nbsp;&nbsp;&nbsp; Food Products | &nbsp;&nbsp; 28618510 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 28618510 |
| &nbsp;&nbsp;&nbsp; Gas Utilities | &nbsp;&nbsp; 4259162 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 4259162 |
| &nbsp;&nbsp;&nbsp; Ground Transportation | &nbsp;&nbsp; 3200337 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 3200337 |
| &nbsp;&nbsp;&nbsp; Health Care Equipment & Supplies | &nbsp;&nbsp; 27738441 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 27738441 |
| &nbsp;&nbsp;&nbsp; Health Care Providers & Services | &nbsp;&nbsp; 4860381 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 4860381 |
| &nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure | &nbsp;&nbsp; 14353159 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 14353159 |
| &nbsp;&nbsp;&nbsp; Household Durables | &nbsp;&nbsp; 3803383 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 3803383 |
| &nbsp;&nbsp;&nbsp; Household Products | &nbsp;&nbsp; 14091352 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 14091352 |

---

**BHFTI-92**

------

**Brighthouse Funds Trust I**

**Brighthouse Small Cap Value 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; Insurance | &nbsp;&nbsp;&nbsp; $37686697 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $37686697 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interactive Media & Services | &nbsp;&nbsp;&nbsp; 3614389 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3614389 |
| &nbsp;&nbsp;&nbsp;&nbsp; Leisure Products | &nbsp;&nbsp;&nbsp; 510163 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 510163 |
| &nbsp;&nbsp;&nbsp;&nbsp; Life Sciences Tools & Services | &nbsp;&nbsp;&nbsp; 7630450 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7630450 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | &nbsp;&nbsp;&nbsp; 85470916 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 85470916 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage Real Estate Investment Trusts | &nbsp;&nbsp;&nbsp; 3487646 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3487646 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas & Consumable Fuels | &nbsp;&nbsp;&nbsp; 32012507 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 32012507 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals | &nbsp;&nbsp;&nbsp; 13303329 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13303329 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional Services | &nbsp;&nbsp;&nbsp; 13615711 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13615711 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail REITs | &nbsp;&nbsp;&nbsp; 1717458 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1717458 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | &nbsp;&nbsp;&nbsp; 11150523 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11150523 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp; 2322368 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2322368 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Retail | &nbsp;&nbsp;&nbsp; 4051871 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4051871 |
| &nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware, Storage & Peripherals | &nbsp;&nbsp;&nbsp; 8089959 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8089959 |
| &nbsp;&nbsp;&nbsp;&nbsp; Textiles, Apparel & Luxury Goods | &nbsp;&nbsp;&nbsp; 10105745 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10105745 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trading Companies & Distributors | &nbsp;&nbsp;&nbsp; 3148226 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3148226 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 684185909 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 684185909 |
| Total Escrow Shares\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 |
| Total Rights\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23946986 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23946986 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 15000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificates of Deposit | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7976392 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7976392 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5994417 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5994417 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 80238877 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 80238877 |
| &nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14000000 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 15000000 | &nbsp;&nbsp;&nbsp; 108209686 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 123209686 |
| Total Investments | &nbsp;&nbsp;&nbsp; $699185909 | &nbsp;&nbsp;&nbsp; $132156672 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $831342581 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(123196229)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(123196229)<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 $16,016 was due to no vendors or brokers providing prices based on market indications which resulted in a lack of significant observable inputs.

**BHFTI-93**

------

**Brighthouse Funds Trust I**

**Brighthouse/Artisan International Portfolio**

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

**Common Stocks—92.2% 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>|
| **Belgium — 2.6%** | **Belgium — 2.6%** | **Belgium — 2.6%** |
| Elia Group SA (a) | 64652 | &nbsp;&nbsp;&nbsp; $9907707 |
| UCB SA | 33660 | &nbsp;&nbsp;&nbsp; 10138764 |
|  |  | &nbsp;&nbsp;&nbsp; 20046471 |
| **China — 7.8%** | **China — 7.8%** | **China — 7.8%** |
| Contemporary Amperex Technology Co. Ltd. - Class A | 488970 | &nbsp;&nbsp;&nbsp; 28660202 |
| Sieyuan Electric Co. Ltd. - Class A | 217144 | &nbsp;&nbsp;&nbsp; 6443757 |
| Tencent Holdings Ltd.  | 230800 | &nbsp;&nbsp;&nbsp; 14570843 |
| Tencent Holdings Ltd. (ADR) | 164100 | &nbsp;&nbsp;&nbsp; 10374402 |
|  |  | &nbsp;&nbsp;&nbsp; 60049204 |
| **Czech Republic — 1.2%** | **Czech Republic — 1.2%** | **Czech Republic — 1.2%** |
| CSG NV (a) | 333688 | &nbsp;&nbsp;&nbsp; 8978920 |
| **Denmark — 3.1%** | **Denmark — 3.1%** | **Denmark — 3.1%** |
| Danske Bank AS | 339729 | &nbsp;&nbsp;&nbsp; 16493224 |
| NKT AS (a) | 57547 | &nbsp;&nbsp;&nbsp; 7538951 |
|  |  | &nbsp;&nbsp;&nbsp; 24032175 |
| **France — 9.6%** | **France — 9.6%** | **France — 9.6%** |
| Accor SA | 36770 | &nbsp;&nbsp;&nbsp; 1761736 |
| Air Liquide SA | 79288 | &nbsp;&nbsp;&nbsp; 16333354 |
| Airbus SE | 39279 | &nbsp;&nbsp;&nbsp; 7377593 |
| BNP Paribas SA | 148258 | &nbsp;&nbsp;&nbsp; 14123207 |
| Safran SA | 48091 | &nbsp;&nbsp;&nbsp; 15727827 |
| SPIE SA | 363400 | &nbsp;&nbsp;&nbsp; 18170541 |
|  |  | &nbsp;&nbsp;&nbsp; 73494258 |
| **Germany — 6.6%** | **Germany — 6.6%** | **Germany — 6.6%** |
| Deutsche Boerse AG | 29027 | &nbsp;&nbsp;&nbsp; 8439197 |
| MTU Aero Engines AG | 35291 | &nbsp;&nbsp;&nbsp; 12634306 |
| RWE AG | 106177 | &nbsp;&nbsp;&nbsp; 7071788 |
| SAP SE | 10280 | &nbsp;&nbsp;&nbsp; 1739716 |
| Siemens Healthineers AG | 161968 | &nbsp;&nbsp;&nbsp; 6794615 |
| Vonovia SE | 575076 | &nbsp;&nbsp;&nbsp; 14321912 |
|  |  | &nbsp;&nbsp;&nbsp; 51001534 |
| **Greece — 1.5%** | **Greece — 1.5%** | **Greece — 1.5%** |
| Piraeus Bank SA | 1427435 | &nbsp;&nbsp;&nbsp; 11764766 |
| **Hong Kong — 3.4%** | **Hong Kong — 3.4%** | **Hong Kong — 3.4%** |
| AIA Group Ltd.  | 1573600 | &nbsp;&nbsp;&nbsp; 17677585 |
| Henderson Land Development Co. Ltd.  | 190033 | &nbsp;&nbsp;&nbsp; 704822 |
| Sun Hung Kai Properties Ltd.  | 463000 | &nbsp;&nbsp;&nbsp; 7847344 |
|  |  | &nbsp;&nbsp;&nbsp; 26229751 |
| **Italy — 1.2%** | **Italy — 1.2%** | **Italy — 1.2%** |
| BFF Bank SpA (a) | 772920 | &nbsp;&nbsp;&nbsp; 1299030 |
| Enel SpA | 703941 | &nbsp;&nbsp;&nbsp; 7663709 |
|  |  | &nbsp;&nbsp;&nbsp; 8962739 |
| **Japan — 7.1%** | **Japan — 7.1%** | **Japan — 7.1%** |
| Fujikura Ltd.  | 309150 | &nbsp;&nbsp;&nbsp; 8411657 |
| Hitachi Ltd.  | 126700 | &nbsp;&nbsp;&nbsp; 3702886 |
| Japan Post Bank Co. Ltd. (b) | 565900 | &nbsp;&nbsp;&nbsp; 9310269 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Mitsubishi UFJ Financial Group, Inc.  | 619500 | &nbsp;&nbsp;&nbsp; $10466866 |
| Mitsui Fudosan Co. Ltd.  | 599600 | &nbsp;&nbsp;&nbsp; 6346502 |
| Otsuka Holdings Co. Ltd.  | 42500 | &nbsp;&nbsp;&nbsp; 2999930 |
| SMC Corp.  | 12200 | &nbsp;&nbsp;&nbsp; 4771906 |
| Tokyo Gas Co. Ltd.  | 134835 | &nbsp;&nbsp;&nbsp; 6366491 |
| Toyota Motor Corp.  | 93900 | &nbsp;&nbsp;&nbsp; 1946481 |
|  |  | &nbsp;&nbsp;&nbsp; 54322988 |
| **Netherlands — 0.3%** | **Netherlands — 0.3%** | **Netherlands — 0.3%** |
| Magnum Ice Cream Co. NV (a) | 169268 | &nbsp;&nbsp;&nbsp; 2484639 |
| **Singapore — 0.2%** | **Singapore — 0.2%** | **Singapore — 0.2%** |
| Singapore Technologies Engineering Ltd.  | 163029 | &nbsp;&nbsp;&nbsp; 1389443 |
| **South Korea — 12.0%** | **South Korea — 12.0%** | **South Korea — 12.0%** |
| Hanwha Aerospace Co. Ltd.  | 23295 | &nbsp;&nbsp;&nbsp; 18981524 |
| HD Hyundai Electric Co. Ltd.  | 10391 | &nbsp;&nbsp;&nbsp; 5796703 |
| Hyosung Heavy Industries Corp.  | 5155 | &nbsp;&nbsp;&nbsp; 8473096 |
| Korea Electric Power Corp.  | 416784 | &nbsp;&nbsp;&nbsp; 11448237 |
| LIG Nex1 Co. Ltd.  | 48044 | &nbsp;&nbsp;&nbsp; 18822601 |
| LS Electric Co. Ltd.  | 39977 | &nbsp;&nbsp;&nbsp; 19251828 |
| MNC Solution Co. Ltd.  | 25399 | &nbsp;&nbsp;&nbsp; 1593413 |
| Samsung Electronics Co. Ltd.  | 67082 | &nbsp;&nbsp;&nbsp; 7535324 |
|  |  | &nbsp;&nbsp;&nbsp; 91902726 |
| **Spain — 1.9%** | **Spain — 1.9%** | **Spain — 1.9%** |
| Aena SME SA | 273450 | &nbsp;&nbsp;&nbsp; 8142042 |
| CaixaBank SA | 516345 | &nbsp;&nbsp;&nbsp; 6195311 |
|  |  | &nbsp;&nbsp;&nbsp; 14337353 |
| **Switzerland — 5.9%** | **Switzerland — 5.9%** | **Switzerland — 5.9%** |
| Medacta Group SA | 35118 | &nbsp;&nbsp;&nbsp; 6567677 |
| SGS SA (b) | 90023 | &nbsp;&nbsp;&nbsp; 9528195 |
| UBS Group AG | 742000 | &nbsp;&nbsp;&nbsp; 28859356 |
|  |  | &nbsp;&nbsp;&nbsp; 44955228 |
| **Taiwan — 5.5%** | **Taiwan — 5.5%** | **Taiwan — 5.5%** |
| Lotes Co. Ltd.  | 156000 | &nbsp;&nbsp;&nbsp; 10336942 |
| Taiwan Semiconductor Manufacturing Co. Ltd.  | 561000 | &nbsp;&nbsp;&nbsp; 31626620 |
|  |  | &nbsp;&nbsp;&nbsp; 41963562 |
| **United Kingdom — 21.8%** | **United Kingdom — 21.8%** | **United Kingdom — 21.8%** |
| Babcock International Group PLC | 1102689 | &nbsp;&nbsp;&nbsp; 16985372 |
| Balfour Beatty PLC | 285122 | &nbsp;&nbsp;&nbsp; 2852996 |
| British American Tobacco PLC | 111457 | &nbsp;&nbsp;&nbsp; 6492449 |
| HSBC Holdings PLC | 418205 | &nbsp;&nbsp;&nbsp; 6859966 |
| J Sainsbury PLC | 4444607 | &nbsp;&nbsp;&nbsp; 19959125 |
| Lloyds Banking Group PLC | 6809558 | &nbsp;&nbsp;&nbsp; 8416302 |
| Melrose Industries PLC | 1798287 | &nbsp;&nbsp;&nbsp; 12113168 |
| National Grid PLC | 2115056 | &nbsp;&nbsp;&nbsp; 35657610 |
| SSE PLC | 659159 | &nbsp;&nbsp;&nbsp; 22756835 |
| Tesco PLC | 4491700 | &nbsp;&nbsp;&nbsp; 28321678 |
| Unilever PLC | 130238 | &nbsp;&nbsp;&nbsp; 7302020 |
|  |  | &nbsp;&nbsp;&nbsp; 167717521 |

---

**BHFTI-94**

------

**Brighthouse Funds Trust I**

**Brighthouse/Artisan International Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **United States — 0.5%** | **United States — 0.5%** | **United States — 0.5%** |
| CRH PLC | 39164 | &nbsp;&nbsp;&nbsp; $4116920 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $590,836,218) <br>|  | &nbsp;&nbsp;&nbsp; 707750198 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—5.4%** | **Short-Term Investments—5.4%** | **Short-Term Investments—5.4%** |
| **Repurchase Agreement — 5.4%** | **Repurchase Agreement — 5.4%** | **Repurchase Agreement — 5.4%** |
| 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 $41,108,793; <br> collateralized by U.S. Treasury Note at 4.375%, maturing <br> 07/15/27, with a market value of $41,928,253<br>| 41105938 | &nbsp;&nbsp;&nbsp; 41105938 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $41,105,938) <br>|  | &nbsp;&nbsp;&nbsp; 41105938 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—97.6% <br>(Cost $631,942,156) <br>|  | &nbsp;&nbsp;&nbsp; 748856136 |
| Other assets and liabilities (net)—2.4%  |  | &nbsp;&nbsp;&nbsp; 18527670 |
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $767383806 |

---

&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 $12,947,807 and the collateral received consisted of non-cash collateral with a value of $13,461,827. 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;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Ten Largest Industries as of** <br>**March 31, 2026 (Unaudited)**<br>| **% of** <br>**Net Assets**<br>|
| Aerospace & Defense | 14.7 |
| Electrical Equipment | 11.0 |
| Banks | 10.9 |
| Electric Utilities | 6.8 |
| Consumer Staples Distribution & Retail | 6.3 |
| Capital Markets | 4.9 |
| Multi-Utilities | 4.6 |
| Semiconductors & Semiconductor Equipment | 4.1 |
| Real Estate Management & Development | 3.8 |
| Interactive Media & Services | 3.3 |

---

**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; Belgium | &nbsp;&nbsp; $— | &nbsp;&nbsp; $20046471 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $20046471 |
| &nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp; 10374402 | &nbsp;&nbsp; 49674802 | &nbsp;&nbsp; — | &nbsp;&nbsp; 60049204 |
| &nbsp;&nbsp;&nbsp; Czech Republic | &nbsp;&nbsp; — | &nbsp;&nbsp; 8978920 | &nbsp;&nbsp; — | &nbsp;&nbsp; 8978920 |
| &nbsp;&nbsp;&nbsp; Denmark | &nbsp;&nbsp; — | &nbsp;&nbsp; 24032175 | &nbsp;&nbsp; — | &nbsp;&nbsp; 24032175 |
| &nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp; — | &nbsp;&nbsp; 73494258 | &nbsp;&nbsp; — | &nbsp;&nbsp; 73494258 |
| &nbsp;&nbsp;&nbsp; Germany | &nbsp;&nbsp; — | &nbsp;&nbsp; 51001534 | &nbsp;&nbsp; — | &nbsp;&nbsp; 51001534 |
| &nbsp;&nbsp;&nbsp; Greece | &nbsp;&nbsp; — | &nbsp;&nbsp; 11764766 | &nbsp;&nbsp; — | &nbsp;&nbsp; 11764766 |
| &nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp; — | &nbsp;&nbsp; 26229751 | &nbsp;&nbsp; — | &nbsp;&nbsp; 26229751 |
| &nbsp;&nbsp;&nbsp; Italy | &nbsp;&nbsp; — | &nbsp;&nbsp; 8962739 | &nbsp;&nbsp; — | &nbsp;&nbsp; 8962739 |
| &nbsp;&nbsp;&nbsp; Japan | &nbsp;&nbsp; — | &nbsp;&nbsp; 54322988 | &nbsp;&nbsp; — | &nbsp;&nbsp; 54322988 |
| &nbsp;&nbsp;&nbsp; Netherlands | &nbsp;&nbsp; 2484639 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 2484639 |
| &nbsp;&nbsp;&nbsp; Singapore | &nbsp;&nbsp; — | &nbsp;&nbsp; 1389443 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1389443 |
| &nbsp;&nbsp;&nbsp; South Korea | &nbsp;&nbsp; — | &nbsp;&nbsp; 91902726 | &nbsp;&nbsp; — | &nbsp;&nbsp; 91902726 |
| &nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp; — | &nbsp;&nbsp; 14337353 | &nbsp;&nbsp; — | &nbsp;&nbsp; 14337353 |
| &nbsp;&nbsp;&nbsp; Switzerland | &nbsp;&nbsp; — | &nbsp;&nbsp; 44955228 | &nbsp;&nbsp; — | &nbsp;&nbsp; 44955228 |
| &nbsp;&nbsp;&nbsp; Taiwan | &nbsp;&nbsp; — | &nbsp;&nbsp; 41963562 | &nbsp;&nbsp; — | &nbsp;&nbsp; 41963562 |
| &nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp; — | &nbsp;&nbsp; 167717521 | &nbsp;&nbsp; — | &nbsp;&nbsp; 167717521 |

---

**BHFTI-95**

------

**Brighthouse Funds Trust I**

**Brighthouse/Artisan International 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; United States | &nbsp;&nbsp;&nbsp; $4116920 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $4116920 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 16975961 | &nbsp;&nbsp;&nbsp; 690774237 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 707750198 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 41105938 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 41105938 |
| Total Investments | &nbsp;&nbsp;&nbsp; $16975961 | &nbsp;&nbsp;&nbsp; $731880175 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $748856136 |

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-96**

------

**Brighthouse Funds Trust I**

**Brighthouse/Eaton Vance Floating Rate Portfolio**

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

**Floating Rate Loans (a)—89.0% 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 — 0.5%** | **Advertising — 0.5%** | **Advertising — 0.5%** |
| Neptune Bidco U.S., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 USD Term Loan B, 8.760%, 3M TSFR + 5.000%, <br> 02/03/33<br>| 1351577 | &nbsp;&nbsp;&nbsp; $1289066 |
| Planet U.S. Buyer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 6.673%, 3M TSFR + 3.000%, 02/07/31 | 1203562 | &nbsp;&nbsp;&nbsp; 1205604 |
|  |  | &nbsp;&nbsp;&nbsp; 2494670 |
| **Aerospace/Defense — 1.8%** | **Aerospace/Defense — 1.8%** | **Aerospace/Defense — 1.8%** |
| Air Comm Corp. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term Loan, 12/11/31 (b) | 68077 | &nbsp;&nbsp;&nbsp; 68290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 6.423% - 6.450%, 3M TSFR + 2.750%, <br> 12/11/31 (c)<br>| 1392993 | &nbsp;&nbsp;&nbsp; 1398217 |
| BG MS U.S. Holding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 8.450%, 3M TSFR + 4.750%, 10/22/32 | 825000 | &nbsp;&nbsp;&nbsp; 821906 |
| Kaman Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term Loan, 02/26/32 (b) | 103965 | &nbsp;&nbsp;&nbsp; 104067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.168% - 6.200%, 1M TSFR + 2.500%, 3M <br> TSFR + 2.500%, 02/26/32 (c)<br>| 1385629 | &nbsp;&nbsp;&nbsp; 1387024 |
| PMI U.S. Bidco, Inc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, 03/16/33 (b) | 100000 | &nbsp;&nbsp;&nbsp; 100469 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 3.861%, 3M TSFR + 0.174%, 03/16/33 | 625000 | &nbsp;&nbsp;&nbsp; 627344 |
| TransDigm, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan J, 6.168%, 1M TSFR + 2.500%, 02/28/31 | 3011394 | &nbsp;&nbsp;&nbsp; 3014336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan K, 5.918%, 1M TSFR + 2.250%, 03/22/30 | 1581232 | &nbsp;&nbsp;&nbsp; 1582508 |
|  |  | &nbsp;&nbsp;&nbsp; 9104161 |
| **Agriculture — 0.5%** | **Agriculture — 0.5%** | **Agriculture — 0.5%** |
| A-AG U.S. GSI Bidco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 8.700%, 3M TSFR + 5.000%, 10/31/31 | 495000 | &nbsp;&nbsp;&nbsp; 496238 |
| Alltech, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 8.032%, 1M TSFR + 4.250%, 08/13/30 | 977452 | &nbsp;&nbsp;&nbsp; 984782 |
| Golden State Food LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 7.200%, 3M TSFR + 3.500%, 12/04/31 | 914478 | &nbsp;&nbsp;&nbsp; 916193 |
|  |  | &nbsp;&nbsp;&nbsp; 2397213 |
| **Airlines — 0.7%** | **Airlines — 0.7%** | **Airlines — 0.7%** |
| American Airlines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 5.918%, 3M TSFR + 2.250%, 04/20/28 | 645125 | &nbsp;&nbsp;&nbsp; 638943 |
| VistaJet Malta Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 7.406%, 3M TSFR + 3.750%, 04/01/31 | 1647727 | &nbsp;&nbsp;&nbsp; 1632795 |
| WestJet Loyalty LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 6.450%, 3M TSFR + 2.750%, 02/14/31 | 1476202 | &nbsp;&nbsp;&nbsp; 1437222 |
|  |  | &nbsp;&nbsp;&nbsp; 3708960 |
| **Apparel — 0.9%** | **Apparel — 0.9%** | **Apparel — 0.9%** |
| ABG Intermediate Holdings 2 LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B, 5.918%, 1M TSFR + 2.250%, <br> 12/21/28<br>| 1234147 | &nbsp;&nbsp;&nbsp; 1233633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term Loan, 5.918%, 1M TSFR + 2.250%, <br> 02/13/32<br>| 569250 | &nbsp;&nbsp;&nbsp; 567827 |
| Beach Acquisition Bidco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; USD Term Loan B, 6.950%, 3M TSFR + 3.250%, 09/12/32 | 997500 | &nbsp;&nbsp;&nbsp; 1002737 |
| Varsity Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 1st Lien Term Loan, 6.450%, 3M TSFR + 2.750%, <br> 08/26/31<br>| 1488769 | &nbsp;&nbsp;&nbsp; 1484737 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Apparel—(Continued)** | **Apparel—(Continued)** | **Apparel—(Continued)** |
| WH Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Add-on Term Loan B, 02/20/32 (d) | 150000 | &nbsp;&nbsp;&nbsp; $150293 |
|  |  | &nbsp;&nbsp;&nbsp; 4439227 |
| **Auto Parts & Equipment — 0.9%** | **Auto Parts & Equipment — 0.9%** | **Auto Parts & Equipment — 0.9%** |
| Adient U.S. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B2, 5.668%, 1M TSFR + 2.000%, 01/31/31 | 658070 | &nbsp;&nbsp;&nbsp; 657978 |
| Autokiniton U.S. Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 7.782%, 1M TSFR + 4.000%, 04/06/28 | 670568 | &nbsp;&nbsp;&nbsp; 663695 |
| Clarios Global LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan B, 6.168%, 1M TSFR + 2.500%, <br> 05/06/30<br>| 1790198 | &nbsp;&nbsp;&nbsp; 1787960 |
| DexKo Global, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 USD Term Loan B, 7.678%, 3M TSFR + 3.750%, <br> 10/04/28<br>| 417488 | &nbsp;&nbsp;&nbsp; 412195 |
| First Brands Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2022 Incremental Term Loan, 03/30/27 (e) | 37332 | &nbsp;&nbsp;&nbsp; 280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 DIP Term Loan, 13.671%, 1M TSFR + 10.000%, <br> 06/29/26<br>| 103422 | &nbsp;&nbsp;&nbsp; 24097 |
| Garrett LX I SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 5.667%, 3M TSFR + 2.000%, <br> 01/30/32<br>| 587641 | &nbsp;&nbsp;&nbsp; 589110 |
| RealTruck Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 Incremental Term Loan, 8.934%, 3M TSFR + 5.000%, <br> 01/31/28<br>| 686000 | &nbsp;&nbsp;&nbsp; 473340 |
|  |  | &nbsp;&nbsp;&nbsp; 4608655 |
| **Banks — 0.1%** | **Banks — 0.1%** | **Banks — 0.1%** |
| Walker & Dunlop, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.675%, 1M TSFR + 2.000%, 03/14/32 | 668250 | &nbsp;&nbsp;&nbsp; 669085 |
| **Beverages — 0.2%** | **Beverages — 0.2%** | **Beverages — 0.2%** |
| Arterra Wines Canada, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2020 Term Loan, 7.461%, 3M TSFR + 3.500%, 11/24/27 | 875338 | &nbsp;&nbsp;&nbsp; 857520 |
| City Brewing Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 PIK First Out Term Loan, 10.673%, 3M TSFR + 7.000%, <br> 09/30/30<br>| 128542 | &nbsp;&nbsp;&nbsp; 19281 |
| Primo Brands Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 03/19/31 (d) | 200000 | &nbsp;&nbsp;&nbsp; 200525 |
|  |  | &nbsp;&nbsp;&nbsp; 1077326 |
| **Building Materials — 2.1%** | **Building Materials — 2.1%** | **Building Materials — 2.1%** |
| Chamberlain Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.418%, 1M TSFR + 2.750%, 09/08/32 | 1939291 | &nbsp;&nbsp;&nbsp; 1922776 |
| Cornerstone Building Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 8.174%, 3M TSFR + 4.500%, 05/15/31 | 525952 | &nbsp;&nbsp;&nbsp; 266357 |
| CP Iris Holdco I, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term Loan, 10/27/32 (b) | 27143 | &nbsp;&nbsp;&nbsp; 26985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 7.668%, 1M TSFR + 4.000%, 10/27/32 | 922857 | &nbsp;&nbsp;&nbsp; 917474 |
| EMRLD Borrower LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 5.950%, 3M TSFR + 2.250%, 08/04/31 | 539306 | &nbsp;&nbsp;&nbsp; 539000 |
| Gibraltar Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 5.918% - 5.926%, 1M TSFR + 2.250%, <br> 02/02/33 (c)<br>| 484615 | &nbsp;&nbsp;&nbsp; 482798 |
| Icebox Holdco III, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 1st Lien Term Loan, 6.950%, 3M TSFR + 3.250%, <br> 12/22/31<br>| 1378638 | &nbsp;&nbsp;&nbsp; 1382371 |

---

**BHFTI-97**

------

**Brighthouse Funds Trust I**

**Brighthouse/Eaton Vance Floating Rate Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Building Materials—(Continued)** | **Building Materials—(Continued)** | **Building Materials—(Continued)** |
| Knife River HoldCo |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 5.669%, 3M TSFR + 2.000%, 03/08/32 | 222750 | &nbsp;&nbsp;&nbsp; $224049 |
| PHRG Intermediate LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 7.700%, 3M TSFR + 4.000%, 02/20/32 | 1192496 | &nbsp;&nbsp;&nbsp; 1180074 |
| Quikrete Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B2, 5.918%, 1M TSFR + 2.250%, 03/19/29 | 703127 | &nbsp;&nbsp;&nbsp; 703047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.918%, 1M TSFR + 2.250%, 02/10/32 | 837769 | &nbsp;&nbsp;&nbsp; 837012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B1, 5.918%, 1M TSFR + 2.250%, 04/14/31 | 2055730 | &nbsp;&nbsp;&nbsp; 2054304 |
|  |  | &nbsp;&nbsp;&nbsp; 10536247 |
| **Chemicals — 2.3%** | **Chemicals — 2.3%** | **Chemicals — 2.3%** |
| A-AP Buyer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 6.417%, 3M TSFR + 2.750%, 09/09/31 | 469062 | &nbsp;&nbsp;&nbsp; 470235 |
| Axalta Coating Systems U.S. Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B7, 5.450%, 3M TSFR + 1.750%, 12/20/29 | 424285 | &nbsp;&nbsp;&nbsp; 425321 |
| Chemours Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 7.168%, 1M TSFR + 3.500%, <br> 10/15/32<br>| 1296750 | &nbsp;&nbsp;&nbsp; 1288376 |
| Discovery Purchaser Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 7.419%, 3M TSFR + 3.750%, 10/04/29 | 523003 | &nbsp;&nbsp;&nbsp; 515730 |
| ECO Services Operations Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 5.667%, 3M TSFR + 2.000%, 06/12/31 | 302022 | &nbsp;&nbsp;&nbsp; 302714 |
| Fortis 333, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; USD Term Loan B, 7.168%, 1M TSFR + 3.500%, 03/29/32 | 994987 | &nbsp;&nbsp;&nbsp; 966381 |
| Ineos U.S. Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 USD Term Loan B, 6.918%, 1M TSFR + 3.250%, <br> 02/18/30<br>| 1360260 | &nbsp;&nbsp;&nbsp; 1193628 |
| Lonza Group AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; USD Term Loan B, 7.725%, 3M TSFR + 3.925%, 07/03/28 | 1053486 | &nbsp;&nbsp;&nbsp; 922386 |
| Natgasoline LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 9.173%, 3M TSFR + 5.500%, 03/29/30 | 487500 | &nbsp;&nbsp;&nbsp; 492375 |
| New Arclin U.S. Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 USD Term Loan B, 03/04/33 (d) | 500000 | &nbsp;&nbsp;&nbsp; 460000 |
| Olympus Water U.S. Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan, 6.700%, 3M TSFR + 3.000%, 06/20/31 | 2606312 | &nbsp;&nbsp;&nbsp; 2512299 |
| Paint Intermediate III LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 6.666% - 6.673%, 3M TSFR + 3.000%, <br> 10/09/31 (c)<br>| 893805 | &nbsp;&nbsp;&nbsp; 891571 |
| Tronox Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B, 6.168% - 6.200%, 1M TSFR + <br> 2.500%, 3M TSFR + 2.500%, 09/30/31 (c)<br>| 555775 | &nbsp;&nbsp;&nbsp; 426210 |
| W.R. Grace & Co.-Conn. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.700%, 3M TSFR + 3.000%, 08/19/32 | 597000 | &nbsp;&nbsp;&nbsp; 596627 |
|  |  | &nbsp;&nbsp;&nbsp; 11463853 |
| **Coal — 0.1%** | **Coal — 0.1%** | **Coal — 0.1%** |
| Oxbow Carbon LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan B, 7.168%, 1M TSFR + 3.500%, 05/10/30 | 528099 | &nbsp;&nbsp;&nbsp; 530739 |
| **Commercial Services — 8.2%** | **Commercial Services — 8.2%** | **Commercial Services — 8.2%** |
| AEA International Holdings Luxembourg SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan B, 6.450%, 3M TSFR + 2.750%, <br> 09/07/28<br>| 486246 | &nbsp;&nbsp;&nbsp; 486246 |
| Albion Financing 3 SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan, 6.664%, 3M TSFR + 3.000%, 05/21/31 | 1928954 | &nbsp;&nbsp;&nbsp; 1930561 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Services—(Continued)** | **Commercial Services—(Continued)** | **Commercial Services—(Continued)** |
| Allied Universal Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 6.918%, 1M TSFR + 3.250%, <br> 08/20/32<br>| 1990000 | &nbsp;&nbsp;&nbsp; $1991658 |
| American Residential Services LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.450%, 3M TSFR + 2.750%, 02/02/32 | 820865 | &nbsp;&nbsp;&nbsp; 817786 |
| Amspec Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 7.200%, 3M TSFR + 3.500%, 12/22/31 | 1589464 | &nbsp;&nbsp;&nbsp; 1589134 |
| APFS Staffing Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan, 7.918%, 1M TSFR + 4.250%, 12/29/28 | 263143 | &nbsp;&nbsp;&nbsp; 239131 |
| Astro Acquisition LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.950%, 3M TSFR + 3.250%, 08/30/32 | 598500 | &nbsp;&nbsp;&nbsp; 601991 |
| Avis Budget Car Rental LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.168%, 1M TSFR + 2.500%, 07/16/32 | 297750 | &nbsp;&nbsp;&nbsp; 293284 |
| Belfor Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 6.418%, 1M TSFR + 2.750%, <br> 11/01/30<br>| 540168 | &nbsp;&nbsp;&nbsp; 542193 |
| Citrin Cooperman Advisors LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.700%, 3M TSFR + 3.000%, 04/01/32 | 1268625 | &nbsp;&nbsp;&nbsp; 1217880 |
| CohnReznick LLP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, 03/31/32 (b) | 50423 | &nbsp;&nbsp;&nbsp; 49036 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 6.950%, 3M TSFR + 3.250%, 03/31/32 | 868944 | &nbsp;&nbsp;&nbsp; 845048 |
| Corp. Service Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 5.668%, 1M TSFR + 2.000%, 11/02/29 | 450012 | &nbsp;&nbsp;&nbsp; 447059 |
| Creative Artists Agency LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 6.168%, 1M TSFR + 2.500%, <br> 10/01/31<br>| 1735405 | &nbsp;&nbsp;&nbsp; 1735269 |
| EAB Global, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan, 6.700%, 3M TSFR + 3.000%, 08/16/30 | 677787 | &nbsp;&nbsp;&nbsp; 606789 |
| Employbridge Holding Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 First Out Term Loan, 9.200%, 3M TSFR + 5.500%, <br> 01/19/30<br>| 931456 | &nbsp;&nbsp;&nbsp; 675305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Second Out Term Loan, 8.711%, 3M TSFR + 4.750%, <br> 01/19/30<br>| 1467146 | &nbsp;&nbsp;&nbsp; 286093 |
| Ensemble RCM LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 6.700%, 3M TSFR + 3.000%, 02/09/33 | 1100000 | &nbsp;&nbsp;&nbsp; 1088410 |
| First Advantage Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 6.450%, 3M TSFR + 2.750%, <br> 10/31/31<br>| 1257192 | &nbsp;&nbsp;&nbsp; 1226810 |
| Fleet Midco I Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B, 6.419%, 3M TSFR + 2.750%, <br> 02/21/31<br>| 174125 | &nbsp;&nbsp;&nbsp; 174560 |
| Foundational Education Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1st Lien Term Loan, 7.678%, 3M TSFR + 3.750%, 08/31/28 | 574500 | &nbsp;&nbsp;&nbsp; 528540 |
| Fugue Finance BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 USD Term Loan B, 5.921%, 3M TSFR + 2.250%, <br> 01/09/32<br>| 496256 | &nbsp;&nbsp;&nbsp; 491294 |
| Garda World Security Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 6.421%, 3M TSFR + 2.750%, 02/01/29 | 2751747 | &nbsp;&nbsp;&nbsp; 2737988 |
| Grant Thornton Advisors LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.418%, 1M TSFR + 2.750%, 06/02/31 | 2466017 | &nbsp;&nbsp;&nbsp; 2305726 |
| Heron Bidco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 7.700%, 3M TSFR + 4.000%, 12/10/32 | 750000 | &nbsp;&nbsp;&nbsp; 747188 |
| Hertz Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan B, 7.282%, 1M TSFR + 3.500%, 06/30/28 | 200343 | &nbsp;&nbsp;&nbsp; 146250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan C, 7.282%, 1M TSFR + 3.500%, 06/30/28 | 39640 | &nbsp;&nbsp;&nbsp; 28937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 Incremental Term Loan B, 7.418%, 1M TSFR + 3.750%, <br> 06/30/28<br>| 527577 | &nbsp;&nbsp;&nbsp; 382493 |

---

**BHFTI-98**

------

**Brighthouse Funds Trust I**

**Brighthouse/Eaton Vance Floating Rate Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Services—(Continued)** | **Commercial Services—(Continued)** | **Commercial Services—(Continued)** |
| Highspring Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan, 8.850%, 3M TSFR + 5.000%, 01/22/29 | 634159 | &nbsp;&nbsp;&nbsp; $437966 |
| Lernen Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B3, 7.410%, 6M TSFR + 3.500%, <br> 10/27/31<br>| 518470 | &nbsp;&nbsp;&nbsp; 501190 |
| Mavis Tire Express Services Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan, 6.668%, 1M TSFR + 3.000%, <br> 05/04/28<br>| 1489969 | &nbsp;&nbsp;&nbsp; 1490124 |
| Monitronics International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 Exit Term Loan, 11.461%, 3M TSFR + 7.500%, <br> 06/30/28<br>| 215972 | &nbsp;&nbsp;&nbsp; 215972 |
| NAB Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 6.200%, 3M TSFR + 2.500%, <br> 11/23/28<br>| 525316 | &nbsp;&nbsp;&nbsp; 482716 |
| Nuvei Technologies Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 6.168%, 1M TSFR + 2.500%, <br> 11/17/31<br>| 1512260 | &nbsp;&nbsp;&nbsp; 1483433 |
| Parexel International Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 6.418%, 1M TSFR + 2.750%, <br> 12/12/31<br>| 1383968 | &nbsp;&nbsp;&nbsp; 1381452 |
| PG Investment Co. 59 SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 5.950%, 3M TSFR + 2.250%, <br> 03/26/31<br>| 1383366 | &nbsp;&nbsp;&nbsp; 1385239 |
| 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>| 818145 | &nbsp;&nbsp;&nbsp; 815525 |
| Raven Acquisition Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, 11/19/31 (b) | 68885 | &nbsp;&nbsp;&nbsp; 67626 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 6.668%, 1M TSFR + 3.000%, 11/19/31 | 954752 | &nbsp;&nbsp;&nbsp; 937115 |
| SCUR-Alpha 1503 GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; USD Term Loan B1, 9.167%, 3M TSFR + 5.500%, 03/29/30 | 1060837 | &nbsp;&nbsp;&nbsp; 928232 |
| Shift4 Payments LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 5.652%, 3M TSFR + 2.000%, <br> 07/03/32<br>| 224437 | &nbsp;&nbsp;&nbsp; 224332 |
| Spin Holdco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 First Lien First Out Term Loan, 9.101%, 3M TSFR + <br> 5.430%, 09/04/30<br>| 405030 | &nbsp;&nbsp;&nbsp; 414245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 First Lien Second Out Term Loan, 7.933%, 3M TSFR + <br> 4.000%, 09/04/30<br>| 1036466 | &nbsp;&nbsp;&nbsp; 811035 |
| Spring Education Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 6.950%, 3M TSFR + 3.250%, 10/04/30 | 742125 | &nbsp;&nbsp;&nbsp; 736559 |
| TMF Group Holding BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 6.402%, 3M TSFR + 2.750%, <br> 05/03/28<br>| 391060 | &nbsp;&nbsp;&nbsp; 391940 |
| Trans Union LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B9, 5.450%, 3M TSFR + 1.750%, 06/24/31 | 1617748 | &nbsp;&nbsp;&nbsp; 1610782 |
| Wand NewCo 3, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 6.168%, 1M TSFR + 2.500%, <br> 01/30/31<br>| 1626971 | &nbsp;&nbsp;&nbsp; 1615277 |
| WEX, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B2, 5.418%, 1M TSFR + 1.750%, 03/31/28 | 910465 | &nbsp;&nbsp;&nbsp; 907539 |
|  |  | &nbsp;&nbsp;&nbsp; 41050958 |
| **Computers — 2.2%** | **Computers — 2.2%** | **Computers — 2.2%** |
| Clover Holdings 2 LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 7.676%, 1M TSFR + 4.000%, 12/09/31 | 2233125 | &nbsp;&nbsp;&nbsp; 2143800 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Computers—(Continued)** | **Computers—(Continued)** | **Computers—(Continued)** |
| Foundever Group SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Steerco CoOp Term Loan, 7.711%, 3M TSFR + <br> 3.750%, 08/28/28<br>| 989986 | &nbsp;&nbsp;&nbsp; $643491 |
| Imprivata, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.700%, 3M TSFR + 3.000%, 12/01/27 | 785983 | &nbsp;&nbsp;&nbsp; 780089 |
| McAfee LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 USD 1st Lien Term Loan B, 6.668%, 1M TSFR + 3.000%, <br> 03/01/29<br>| 1476716 | &nbsp;&nbsp;&nbsp; 1324034 |
| NCR Atleos LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.686%, 3M TSFR + 3.000%, 04/16/29 | 967327 | &nbsp;&nbsp;&nbsp; 968133 |
| Nielsen Consumer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD 1st Lien Term Loan, 5.918%, 1M TSFR + 2.250%, <br> 10/31/30<br>| 1116563 | &nbsp;&nbsp;&nbsp; 1104001 |
| Synechron, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 7.450%, 3M TSFR + 3.750%, 10/03/31 | 1114994 | &nbsp;&nbsp;&nbsp; 1023007 |
| Trio Bidco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term Loan, 10/29/32 (b) | 88095 | &nbsp;&nbsp;&nbsp; 85397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 7.700%, 3M TSFR + 4.000%, 10/29/32 | 836905 | &nbsp;&nbsp;&nbsp; 812844 |
| Verifone Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 9.178%, 3M TSFR + 5.250%, 08/18/28 | 584748 | &nbsp;&nbsp;&nbsp; 552482 |
| Virtusa Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 02/15/29 (d) | 500000 | &nbsp;&nbsp;&nbsp; 452812 |
| Vision Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Incremental Term Loan, 7.928%, 3M TSFR + 4.000%, <br> 04/24/28<br>| 1495696 | &nbsp;&nbsp;&nbsp; 1224135 |
|  |  | &nbsp;&nbsp;&nbsp; 11114225 |
| **Cosmetics/Personal Care — 0.7%** | **Cosmetics/Personal Care — 0.7%** | **Cosmetics/Personal Care — 0.7%** |
| Conair Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 7.532%, 1M TSFR + 3.750%, 05/17/28 | 1148720 | &nbsp;&nbsp;&nbsp; 806019 |
| Journey Personal Care Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 7.418%, 1M TSFR + 3.750%, 03/01/28 | 814624 | &nbsp;&nbsp;&nbsp; 785094 |
| Opal Bidco SAS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; USD Term Loan B4, 6.700%, 3M TSFR + 3.000%, 04/28/32 | 1990000 | &nbsp;&nbsp;&nbsp; 1991451 |
|  |  | &nbsp;&nbsp;&nbsp; 3582564 |
| **Distribution/Wholesale — 1.8%** | **Distribution/Wholesale — 1.8%** | **Distribution/Wholesale — 1.8%** |
| BCPE Empire Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 10th Amendment Term Loan, 7.173%, 1M TSFR + <br> 3.500%, 12/29/32<br>| 1075000 | &nbsp;&nbsp;&nbsp; 1060224 |
| Core & Main LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan D, 5.676%, 1M TSFR + 2.000%, 07/27/28 | 1893781 | &nbsp;&nbsp;&nbsp; 1897332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan E, 5.676%, 1M TSFR + 2.000%, 02/09/31 | 589723 | &nbsp;&nbsp;&nbsp; 590828 |
| Gates Global LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B5, 5.418%, 1M TSFR + 1.750%, 06/04/31 | 1315348 | &nbsp;&nbsp;&nbsp; 1315714 |
| Gloves Buyer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 7.668%, 1M TSFR + 4.000%, 05/21/32 | 2668875 | &nbsp;&nbsp;&nbsp; 2663871 |
| Jennmar Inter III LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 8.678%, 1M TSFR + 5.000%, 12/16/30 | 641875 | &nbsp;&nbsp;&nbsp; 637061 |
| Windsor Holdings III LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 6.418%, 1M TSFR + 2.750%, <br> 08/01/30<br>| 671815 | &nbsp;&nbsp;&nbsp; 664817 |
|  |  | &nbsp;&nbsp;&nbsp; 8829847 |

---

**BHFTI-99**

------

**Brighthouse Funds Trust I**

**Brighthouse/Eaton Vance Floating Rate Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Diversified Financial Services — 5.0%** | **Diversified Financial Services — 5.0%** | **Diversified Financial Services — 5.0%** |
| AllSpring Buyer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 6.750%, 3M TSFR + 3.000%, 11/01/30 | 1290225 | &nbsp;&nbsp;&nbsp; $1292069 |
| Apex Group Treasury LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 02/27/32 (d) | 300000 | &nbsp;&nbsp;&nbsp; 274425 |
| Aretec Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan, 6.668%, 1M TSFR + 3.000%, <br> 08/09/30<br>| 1065606 | &nbsp;&nbsp;&nbsp; 1053100 |
| Avolon TLB Borrower 1 U.S. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan B6, 5.425%, 1M TSFR + 1.750%, 06/24/30 | 1024863 | &nbsp;&nbsp;&nbsp; 1027995 |
| Blackhawk Network Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 7.168%, 1M TSFR + 3.500%, 03/12/29 | 746241 | &nbsp;&nbsp;&nbsp; 737729 |
| Citco Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 5.667%, 3M TSFR + 2.000%, 01/30/33 | 648375 | &nbsp;&nbsp;&nbsp; 646450 |
| CPI Holdco B LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Add-on Term Loan B, 5.668%, 1M TSFR + 2.000%, <br> 05/19/31<br>| 2191625 | &nbsp;&nbsp;&nbsp; 2179922 |
| Edelman Financial Center LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, 6.668%, 1M TSFR + 3.000%, 04/07/28 | 1675166 | &nbsp;&nbsp;&nbsp; 1675269 |
| Focus Financial Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Incremental Term Loan B, 6.168%, 1M TSFR + 2.500%, <br> 09/15/31<br>| 2450294 | &nbsp;&nbsp;&nbsp; 2373340 |
| Guggenheim Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 6.200%, 3M TSFR + 2.500%, 11/26/31 | 1328558 | &nbsp;&nbsp;&nbsp; 1330550 |
| HighTower Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 1st Lien Term Loan B, 6.413%, 3M TSFR + 2.750%, <br> 02/03/32<br>| 2205830 | &nbsp;&nbsp;&nbsp; 2181015 |
| Jupiter Borrower, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 03/25/33 (d) | 500000 | &nbsp;&nbsp;&nbsp; 500000 |
| Kestra Advisor Services Holdings A, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Repriced Term Loan, 6.668%, 1M TSFR + 3.000%, <br> 03/22/31<br>| 813951 | &nbsp;&nbsp;&nbsp; 808927 |
| Mariner Wealth Advisors LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 5.950%, 3M TSFR + 2.250%, <br> 12/31/30<br>| 1946327 | &nbsp;&nbsp;&nbsp; 1939332 |
| Mermaid Bidco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan B, 6.913%, 3M TSFR + 3.250%, <br> 07/03/31<br>| 1978509 | &nbsp;&nbsp;&nbsp; 1946359 |
| OID-OL Intermediate I LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan 1, 9.667%, 3M TSFR + 6.000%, 02/01/29 | 109739 | &nbsp;&nbsp;&nbsp; 109259 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan 2, 8.067%, 3M TSFR + 4.250%, 02/01/29 | 447350 | &nbsp;&nbsp;&nbsp; 298606 |
| Orion Advisor Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 6.421%, 3M TSFR + 2.750%, 09/24/30 | 1337355 | &nbsp;&nbsp;&nbsp; 1312697 |
| Orion U.S. Finco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1st Lien Term Loan, 7.150%, 3M TSFR + 3.500%, 10/08/32 | 975000 | &nbsp;&nbsp;&nbsp; 966875 |
| Pretzel Parent, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 8.168%, 1M TSFR + 4.500%, 10/01/31 | 785250 | &nbsp;&nbsp;&nbsp; 763656 |
| Saphilux SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Repriced Term Loan, 6.730%, 6M TSFR + 3.000%, <br> 07/18/28<br>| 992500 | &nbsp;&nbsp;&nbsp; 992655 |
| Victory Capital Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 5.700%, 3M TSFR + 2.000%, 09/23/32 | 995000 | &nbsp;&nbsp;&nbsp; 993860 |
|  |  | &nbsp;&nbsp;&nbsp; 25404090 |
| **Electric — 1.9%** | **Electric — 1.9%** | **Electric — 1.9%** |
| Invenergy Thermal Operating I LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.380%, 3M TSFR + 2.750%, 05/17/32 | 1373756 | &nbsp;&nbsp;&nbsp; 1378908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan C, 6.380%, 3M TSFR + 2.750%, 05/17/32 | 89349 | &nbsp;&nbsp;&nbsp; 89572 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Electric—(Continued)** | **Electric—(Continued)** | **Electric—(Continued)** |
| Kohler Energy Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 USD Term Loan B, 6.700%, 3M TSFR + 3.000%, <br> 05/01/31<br>| 2129581 | &nbsp;&nbsp;&nbsp; $2129581 |
| Lightning Power LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 5.918%, 1M TSFR + 2.250%, 08/18/31 | 1970000 | &nbsp;&nbsp;&nbsp; 1976156 |
| MRP Buyer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, 6.950%, 3M TSFR + 3.250%, <br> 06/04/32 (b)<br>| 219498 | &nbsp;&nbsp;&nbsp; 220002 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 6.950%, 3M TSFR + 3.250%, 06/04/32 | 1721190 | &nbsp;&nbsp;&nbsp; 1725134 |
| Talen Energy Supply LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024-1 Incremental Term Loan, 6.153%, 3M TSFR + 2.500%, <br> 12/15/31<br>| 1975000 | &nbsp;&nbsp;&nbsp; 1981721 |
|  |  | &nbsp;&nbsp;&nbsp; 9501074 |
| **Electrical Components & Equipment — 0.7%** | **Electrical Components & Equipment — 0.7%** | **Electrical Components & Equipment — 0.7%** |
| Creation Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan, 9.413%, 3M TSFR + 5.500%, 10/05/28 | 1058750 | &nbsp;&nbsp;&nbsp; 1042869 |
| Energizer Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.675%, 1M TSFR + 2.000%, 03/19/32 | 1553736 | &nbsp;&nbsp;&nbsp; 1553736 |
| Range Red Operating, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; First Out Term Loan, 11.761%, 3M TSFR + 8.000%, 10/01/29 <br> (f) (g)<br>| 197753 | &nbsp;&nbsp;&nbsp; 158202 |
| &nbsp;&nbsp;&nbsp;&nbsp; Second Out Term Loan, 11.761%, 3M TSFR + 8.000%, <br> 10/01/29 (f) (g)<br>| 829545 | &nbsp;&nbsp;&nbsp; 663636 |
|  |  | &nbsp;&nbsp;&nbsp; 3418443 |
| **Electronics — 0.9%** | **Electronics — 0.9%** | **Electronics — 0.9%** |
| LSF12 Crown U.S. Commercial Bidco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 6.668%, 1M TSFR + 3.000%, 12/02/31 | 1986649 | &nbsp;&nbsp;&nbsp; 1990622 |
| MV Holding GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 5.668%, 1M TSFR + 2.000%, <br> 03/17/32<br>| 570698 | &nbsp;&nbsp;&nbsp; 572838 |
| Resilience Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1st Lien Term Loan, 6.100%, 6M TSFR + 2.500%, 02/28/33 | 1650000 | &nbsp;&nbsp;&nbsp; 1644431 |
| Spectris PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; USD Term Loan, 6.450%, 3M TSFR + 2.750%, 12/06/32 | 399000 | &nbsp;&nbsp;&nbsp; 399998 |
|  |  | &nbsp;&nbsp;&nbsp; 4607889 |
| **Engineering & Construction — 2.3%** | **Engineering & Construction — 2.3%** | **Engineering & Construction — 2.3%** |
| Artera Services LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, 8.168%, 1M TSFR + 4.500%, 02/15/31 | 416500 | &nbsp;&nbsp;&nbsp; 353921 |
| Azuria Water Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.668%, 1M TSFR + 3.000%, 05/17/28 | 1174274 | &nbsp;&nbsp;&nbsp; 1165467 |
| Brand Industrial Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 08/01/30 (d) | 500000 | &nbsp;&nbsp;&nbsp; 421146 |
| Brown Group Holding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2022 Incremental Term Loan B2, 6.167% - 6.173%, 1M TSFR <br> + 2.500%, 3M TSFR + 2.500%, 07/01/31 (c)<br>| 2095369 | &nbsp;&nbsp;&nbsp; 2100444 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 6.168%, 1M TSFR + 2.500%, 07/01/31 | 1291875 | &nbsp;&nbsp;&nbsp; 1294657 |
| Construction Partners, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 6.168%, 1M TSFR + 2.500%, 11/03/31 | 518438 | &nbsp;&nbsp;&nbsp; 518924 |
| Cube Industrials Buyer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.667%, 3M TSFR + 3.000%, 10/17/31 | 1014776 | &nbsp;&nbsp;&nbsp; 1016467 |
| Green Infrastructure Partners, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; USD Term Loan B, 6.450%, 3M TSFR + 2.750%, 09/24/32 | 900000 | &nbsp;&nbsp;&nbsp; 900000 |

---

**BHFTI-100**

------

**Brighthouse Funds Trust I**

**Brighthouse/Eaton Vance Floating Rate Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Engineering & Construction—(Continued)** | **Engineering & Construction—(Continued)** | **Engineering & Construction—(Continued)** |
| KKR Apple Bidco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 6.168%, 1M TSFR + 2.500%, 09/23/31 | 2137514 | &nbsp;&nbsp;&nbsp; $2140333 |
| Newly Weds Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 5.925%, 1M TSFR + 2.250%, 03/15/32 | 1116562 | &nbsp;&nbsp;&nbsp; 1116563 |
| Salas O'Brien, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, 01/31/33 (b) | 42857 | &nbsp;&nbsp;&nbsp; 42964 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 6.418%, 1M TSFR + 2.750%, 01/31/33 | 332143 | &nbsp;&nbsp;&nbsp; 332143 |
|  |  | &nbsp;&nbsp;&nbsp; 11403029 |
| **Entertainment — 4.2%** | **Entertainment — 4.2%** | **Entertainment — 4.2%** |
| Betclic Everest Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 USD Term Loan B, 12/10/31 (d) | 375000 | &nbsp;&nbsp;&nbsp; 375352 |
| Caesars Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B1, 5.918%, 1M TSFR + 2.250%, 02/06/31 | 2768500 | &nbsp;&nbsp;&nbsp; 2694672 |
| City Football Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, 7.168%, 1M TSFR + 3.500%, 07/22/30 | 1392571 | &nbsp;&nbsp;&nbsp; 1390830 |
| EOC Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 6.418%, 1M TSFR + 2.750%, 03/24/32 | 3474994 | &nbsp;&nbsp;&nbsp; 3471519 |
| Flutter Financing BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 5.450%, 3M TSFR + 1.750%, 11/30/30 | 1326382 | &nbsp;&nbsp;&nbsp; 1314776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.700%, 3M TSFR + 2.000%, 06/04/32 | 942875 | &nbsp;&nbsp;&nbsp; 934919 |
| GVC Holdings Gibraltar Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B5 (2032), 5.951%, 3M TSFR + 2.250%, <br> 07/31/32<br>| 995000 | &nbsp;&nbsp;&nbsp; 995178 |
| Herschend Entertainment Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 6.168%, 1M TSFR + 2.500%, 05/27/32 | 719562 | &nbsp;&nbsp;&nbsp; 720912 |
| Light & Wonder International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 5.675%, 1M TSFR + 2.000%, 04/16/29 | 1955175 | &nbsp;&nbsp;&nbsp; 1948148 |
| Ontario Gaming GTA LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 7.950%, 3M TSFR + 4.250%, 08/01/30 | 858043 | &nbsp;&nbsp;&nbsp; 807097 |
| Scientific Games Holdings LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan B, 6.652%, 3M TSFR + 3.000%, <br> 04/04/29<br>| 1154520 | &nbsp;&nbsp;&nbsp; 1138825 |
| SeaWorld Parks & Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B3, 5.668%, 1M TSFR + 2.000%, 12/04/31 | 629930 | &nbsp;&nbsp;&nbsp; 622844 |
| TKO Worldwide Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 5.664%, 3M TSFR + 2.000%, 11/21/31 | 1337129 | &nbsp;&nbsp;&nbsp; 1337895 |
| Voyager Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repriced Term Loan B, 7.950%, 3M TSFR + 4.250%, <br> 07/01/32<br>| 3359393 | &nbsp;&nbsp;&nbsp; 3341098 |
|  |  | &nbsp;&nbsp;&nbsp; 21094065 |
| **Environmental Control — 3.1%** | **Environmental Control — 3.1%** | **Environmental Control — 3.1%** |
| EnergySolutions LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan B, 6.918%, 1M TSFR + 3.250%, 09/20/30 | 774213 | &nbsp;&nbsp;&nbsp; 779052 |
| Filtration Group Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan, 6.168%, 1M TSFR + 2.500%, 10/21/28 | 1404610 | &nbsp;&nbsp;&nbsp; 1407048 |
| Geosyntec Consultants |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 6.668% - 6.671%, 1M TSFR + <br> 3.000%, 07/31/31 (c)<br>| 522375 | &nbsp;&nbsp;&nbsp; 521722 |
| GFL Environmental, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.166%, 3M TSFR + 2.500%, 03/03/32 | 1890500 | &nbsp;&nbsp;&nbsp; 1892863 |
| Heritage Environmental Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 03/18/33 (d) | 1225000 | &nbsp;&nbsp;&nbsp; 1226531 |
| Heritage-Crystal Clean, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 7.461%, 3M TSFR + 3.750%, 10/17/30 | 2156637 | &nbsp;&nbsp;&nbsp; 2162029 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Environmental Control—(Continued)** | **Environmental Control—(Continued)** | **Environmental Control—(Continued)** |
| Madison IAQ LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 6.128%, 6M TSFR + 2.500%, 06/21/28 | 1941992 | &nbsp;&nbsp;&nbsp; $1943879 |
| Northstar Group Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 8.417%, 3M TSFR + 4.750%, 05/31/30 | 1592140 | &nbsp;&nbsp;&nbsp; 1606071 |
| Reworld Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 1st Lien Term Loan C, 5.925%, 1M TSFR + 2.250%, <br> 01/15/31<br>| 185215 | &nbsp;&nbsp;&nbsp; 185007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B1, 5.925%, 1M TSFR + 2.250%, 01/15/31 | 1139785 | &nbsp;&nbsp;&nbsp; 1138503 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 5.925%, 1M TSFR + 2.250%, 11/30/28 | 1436034 | &nbsp;&nbsp;&nbsp; 1436333 |
| Tidal Waste & Recycling Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 6.450%, 3M TSFR + 2.750%, 10/24/31 | 1213250 | &nbsp;&nbsp;&nbsp; 1216283 |
|  |  | &nbsp;&nbsp;&nbsp; 15515321 |
| **Food — 0.8%** | **Food — 0.8%** | **Food — 0.8%** |
| Del Monte Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 First Out Term Loan, 08/02/28 (e) (f) (g) | 263177 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Second Out Term Loan, 08/02/28 (e) (f) (g) | 1858597 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 PIK Roll-Up Term Loan, 13.275% - 13.278%, 1M TSFR + <br> 9.500%, 06/01/26 (c) (f) (g)<br>| 826475 | &nbsp;&nbsp;&nbsp; 501670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 PIK Term Loan, 08/02/28 (e) (f) (g) | 233925 | &nbsp;&nbsp;&nbsp; 141993 |
| Froneri Lux Finco SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B6, 5.877%, 6M TSFR + 2.250%, <br> 09/30/32<br>| 773062 | &nbsp;&nbsp;&nbsp; 759481 |
| Nomad Foods Europe Midco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 6.276%, 6M TSFR + 2.500%, <br> 10/28/32<br>| 1257914 | &nbsp;&nbsp;&nbsp; 1234328 |
| PFI Lower Midco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 7.668%, 1M TSFR + 4.000%, 12/01/32 | 648375 | &nbsp;&nbsp;&nbsp; 652427 |
| Treehouse Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 7.918%, 1M TSFR + 4.250%, 02/11/33 | 975000 | &nbsp;&nbsp;&nbsp; 972562 |
|  |  | &nbsp;&nbsp;&nbsp; 4262461 |
| **Food Service — 0.2%** | **Food Service — 0.2%** | **Food Service — 0.2%** |
| Aramark Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 5.418%, 1M TSFR + 1.750%, 06/22/30 | 501357 | &nbsp;&nbsp;&nbsp; 502610 |
| Gategroup Finance Luxembourg SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; USD Repriced Term Loan B, 7.190%, 3M TSFR + 3.500%, <br> 06/10/32<br>| 497500 | &nbsp;&nbsp;&nbsp; 497998 |
|  |  | &nbsp;&nbsp;&nbsp; 1000608 |
| **Forest Products & Paper — 0.1%** | **Forest Products & Paper — 0.1%** | **Forest Products & Paper — 0.1%** |
| Spa Holdings 3 OYJ |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 8.211%, 3M TSFR + 4.512%, <br> 05/23/30<br>| 496259 | &nbsp;&nbsp;&nbsp; 492165 |
| **Hand/Machine Tools — 0.5%** | **Hand/Machine Tools — 0.5%** | **Hand/Machine Tools — 0.5%** |
| Dynamo Newco II GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 6.921%, 1M TSFR + 3.250%, <br> 09/30/31<br>| 1477584 | &nbsp;&nbsp;&nbsp; 1296580 |
| Madison Safety & Flow LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 1st Lien Term Loan B, 6.176%, 1M TSFR + 2.500%, <br> 09/26/31<br>| 1170060 | &nbsp;&nbsp;&nbsp; 1172011 |
|  |  | &nbsp;&nbsp;&nbsp; 2468591 |

---

**BHFTI-101**

------

**Brighthouse Funds Trust I**

**Brighthouse/Eaton Vance Floating Rate Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Healthcare-Products — 1.3%** | **Healthcare-Products — 1.3%** | **Healthcare-Products — 1.3%** |
| Bausch & Lomb Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan, 7.418%, 1M TSFR + 3.750%, <br> 01/15/31<br>| 2622325 | &nbsp;&nbsp;&nbsp; $2631340 |
| Hanger, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Delayed Draw Term Loan, 7.168%, 1M TSFR + 3.500%, <br> 10/23/31 (b)<br>| 147740 | &nbsp;&nbsp;&nbsp; 148294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 7.168%, 1M TSFR + 3.500%, 10/23/31 | 1140194 | &nbsp;&nbsp;&nbsp; 1144470 |
| Hologic, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 USD Term Loan B, 01/14/33 (d) | 1870000 | &nbsp;&nbsp;&nbsp; 1848856 |
| Medline Borrower LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.418%, 1M TSFR + 1.750%, 10/23/28 | 655075 | &nbsp;&nbsp;&nbsp; 656559 |
|  |  | &nbsp;&nbsp;&nbsp; 6429519 |
| **Healthcare-Services — 4.5%** | **Healthcare-Services — 4.5%** | **Healthcare-Services — 4.5%** |
| Cano Health LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Exit Term Loan, 13.700%, 3M TSFR + 10.000%, <br> 06/28/29 (f) (g)<br>| 632162 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Delayed Draw Term Loan, 11.509%, 3M TSFR + 8.000%, <br> 06/28/29 (d) (f) (g)<br>| 163577 | &nbsp;&nbsp;&nbsp; 163577 |
| Concentra Health Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 5.668%, 1M TSFR + 2.000%, <br> 07/26/31<br>| 370322 | &nbsp;&nbsp;&nbsp; 372058 |
| Examworks Bidco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 6.168%, 1M TSFR + 2.500%, 02/06/33 | 1615914 | &nbsp;&nbsp;&nbsp; 1615030 |
| Global Medical Response, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 7.170%, 3M TSFR + 3.500%, 10/01/32 | 1820437 | &nbsp;&nbsp;&nbsp; 1815783 |
| Heartland Dental LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 7.418%, 1M TSFR + 3.750%, 08/25/32 | 1315560 | &nbsp;&nbsp;&nbsp; 1313467 |
| ICON Luxembourg SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 LUX Term Loan B, 5.700%, 3M TSFR + 2.000%, <br> 07/03/28<br>| 52794 | &nbsp;&nbsp;&nbsp; 52926 |
| Loire Finco Luxembourg SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 7.668%, 1M TSFR + 4.000%, <br> 01/21/30<br>| 1033926 | &nbsp;&nbsp;&nbsp; 1034787 |
| MDVIP, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 6.425%, 1M TSFR + 2.750%, 10/14/31 | 719571 | &nbsp;&nbsp;&nbsp; 720771 |
| MED ParentCo LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 6.668%, 1M TSFR + 3.000%, <br> 04/15/31<br>| 1293508 | &nbsp;&nbsp;&nbsp; 1294496 |
| Midwest Physician Administrative Services LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan, 6.961%, 3M TSFR + 3.000%, 03/12/28 | 698646 | &nbsp;&nbsp;&nbsp; 598740 |
| National Mentor Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 1st Lien Term Loan B, 9.668%, 1M TSFR + 6.000%, <br> 12/12/30<br>| 1144139 | &nbsp;&nbsp;&nbsp; 1139930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term Loan, 9.668%, 1M TSFR + 6.000%, <br> 12/12/30<br>| 490345 | &nbsp;&nbsp;&nbsp; 488711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 9.668%, 1M TSFR + 6.000%, 12/12/30 | 1330000 | &nbsp;&nbsp;&nbsp; 1325963 |
| Pacific Dental Services LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 6.175%, 1M TSFR + 2.500%, 03/15/31 | 2305627 | &nbsp;&nbsp;&nbsp; 2309950 |
| Phoenix Guarantor, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 6.168%, 1M TSFR + 2.500%, 02/21/31 | 1577921 | &nbsp;&nbsp;&nbsp; 1579975 |
| PRA Health Sciences, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 US Term Loan B, 5.700%, 3M TSFR + 2.000%, <br> 07/03/28<br>| 13154 | &nbsp;&nbsp;&nbsp; 13186 |
| Radnet Management, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B, 5.923%, 3M TSFR + 2.250%, <br> 04/18/31<br>| 1228125 | &nbsp;&nbsp;&nbsp; 1231579 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Healthcare-Services—(Continued)** | **Healthcare-Services—(Continued)** | **Healthcare-Services—(Continued)** |
| Select Medical Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 12/03/31 (d) | 925000 | &nbsp;&nbsp;&nbsp; $926156 |
| Sotera Health Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.168%, 1M TSFR + 2.500%, 05/30/31 | 2345239 | &nbsp;&nbsp;&nbsp; 2350371 |
| Surgery Center Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.168%, 1M TSFR + 2.500%, 12/19/30 | 1211941 | &nbsp;&nbsp;&nbsp; 1213353 |
| U.S. Anesthesia Partners, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan, 7.782%, 1M TSFR + 4.000%, 10/01/28 | 992208 | &nbsp;&nbsp;&nbsp; 993654 |
|  |  | &nbsp;&nbsp;&nbsp; 22554463 |
| **Holding Companies-Diversified — 0.0%** | **Holding Companies-Diversified — 0.0%** | **Holding Companies-Diversified — 0.0%** |
| Emerald X, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B1, 6.918%, 1M TSFR + 3.250%, 01/30/32 | 198500 | &nbsp;&nbsp;&nbsp; 198913 |
| **Home Builders — 0.1%** | **Home Builders — 0.1%** | **Home Builders — 0.1%** |
| Lippert Colipper |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.918%, 1M TSFR + 2.250%, 03/25/32 | 321756 | &nbsp;&nbsp;&nbsp; 320550 |
| **Home Furnishings — 0.6%** | **Home Furnishings — 0.6%** | **Home Furnishings — 0.6%** |
| AI Aqua Merger Sub, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 6.161% - 6.414%, 1M TSFR + 2.750%, 3M <br> TSFR + 2.500%, 07/31/28 (c)<br>| 3177807 | &nbsp;&nbsp;&nbsp; 3171128 |
| **Household Products/Wares — 0.2%** | **Household Products/Wares — 0.2%** | **Household Products/Wares — 0.2%** |
| Kronos Acquisition Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, 7.700%, 3M TSFR + 4.000%, 07/08/31 | 1400276 | &nbsp;&nbsp;&nbsp; 869337 |
| **Housewares — 0.1%** | **Housewares — 0.1%** | **Housewares — 0.1%** |
| Libbey Glass, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan, 10.321%, 3M TSFR + 6.500%, 11/22/27 | 520718 | &nbsp;&nbsp;&nbsp; 497286 |
| **Insurance — 5.9%** | **Insurance — 5.9%** | **Insurance — 5.9%** |
| Acrisure LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B6, 6.668%, 1M TSFR + 3.000%, <br> 11/06/30<br>| 1231847 | &nbsp;&nbsp;&nbsp; 1196431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.918%, 1M TSFR + 3.250%, 06/21/32 | 992500 | &nbsp;&nbsp;&nbsp; 962880 |
| Alera Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 6.418%, 1M TSFR + 2.750%, 05/30/32 | 1716386 | &nbsp;&nbsp;&nbsp; 1668112 |
| Alliant Holdings Intermediate LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.168%, 1M TSFR + 2.500%, 09/19/31 | 2107321 | &nbsp;&nbsp;&nbsp; 2092943 |
| AmWINS Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 5.668%, 1M TSFR + 2.000%, 01/30/32 | 3942465 | &nbsp;&nbsp;&nbsp; 3918849 |
| Asurion LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B12, 7.918%, 1M TSFR + 4.250%, 09/19/30 | 2656721 | &nbsp;&nbsp;&nbsp; 2630983 |
| Broadstreet Partners, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B4, 6.168%, 1M TSFR + 2.500%, 06/13/31 | 2660784 | &nbsp;&nbsp;&nbsp; 2597923 |
| HUB International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.920%, 3M TSFR + 2.250%, 06/20/30 | 2968191 | &nbsp;&nbsp;&nbsp; 2964196 |
| IMA Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 6.668%, 1M TSFR + 3.000%, 11/01/28 | 1388500 | &nbsp;&nbsp;&nbsp; 1377392 |
| Jones Deslauriers Insurance Management, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Repriced Term Loan B, 6.664%, 3M TSFR + 3.000%, <br> 02/02/33<br>| 1000000 | &nbsp;&nbsp;&nbsp; 974583 |
| Ryan Specialty Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan B, 5.668%, 1M TSFR + 2.000%, <br> 09/15/31<br>| 1234375 | &nbsp;&nbsp;&nbsp; 1234375 |

---

**BHFTI-102**

------

**Brighthouse Funds Trust I**

**Brighthouse/Eaton Vance Floating Rate Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Insurance—(Continued)** | **Insurance—(Continued)** | **Insurance—(Continued)** |
| Sedgwick Claims Management Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan B, 6.168%, 1M TSFR + 2.500%, 07/31/31 | 3002310 | &nbsp;&nbsp;&nbsp; $2950307 |
| Trucordia Insurance Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 6.918%, 1M TSFR + 3.250%, 06/17/32 | 1044750 | &nbsp;&nbsp;&nbsp; 966394 |
| USI, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan C, 5.950%, 3M TSFR + 2.250%, 09/29/30 | 1955237 | &nbsp;&nbsp;&nbsp; 1950959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan D, 5.950%, 3M TSFR + 2.250%, 11/21/29 | 2103986 | &nbsp;&nbsp;&nbsp; 2099478 |
|  |  | &nbsp;&nbsp;&nbsp; 29585805 |
| **Internet — 0.9%** | **Internet — 0.9%** | **Internet — 0.9%** |
| CNT Holdings I Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 6.167%, 3M TSFR + 2.500%, 11/08/32 | 1112058 | &nbsp;&nbsp;&nbsp; 1112753 |
| Delivery Hero SE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 06/30/32 (d) | 1000000 | &nbsp;&nbsp;&nbsp; 968750 |
| Go Daddy Operating Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B7, 5.418%, 1M TSFR + 1.750%, 05/30/31 | 1163955 | &nbsp;&nbsp;&nbsp; 1143101 |
| Newfold Digital Holdings Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Tranche A Term Loan, 7.269%, 1M TSFR + 3.500%, <br> 04/30/29<br>| 477345 | &nbsp;&nbsp;&nbsp; 351326 |
| Plano HoldCo, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 7.200%, 3M TSFR + 3.500%, 10/02/31 | 594000 | &nbsp;&nbsp;&nbsp; 481140 |
| Speedster Bidco GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B1, 6.700%, 3M TSFR + 3.000%, <br> 12/11/31<br>| 491532 | &nbsp;&nbsp;&nbsp; 471666 |
|  |  | &nbsp;&nbsp;&nbsp; 4528736 |
| **Investment Companies — 1.4%** | **Investment Companies — 1.4%** | **Investment Companies — 1.4%** |
| AAL Delaware Holdco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 6.418%, 1M TSFR + 2.750%, 07/30/31 | 1409057 | &nbsp;&nbsp;&nbsp; 1408543 |
| Aragorn Parent Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 7.168%, 1M TSFR + 3.500%, <br> 12/15/28<br>| 1315994 | &nbsp;&nbsp;&nbsp; 1319079 |
| Dragon Buyer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 6.450%, 3M TSFR + 2.750%, 09/30/31 | 883763 | &nbsp;&nbsp;&nbsp; 843993 |
| EIG Management Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, 8.668%, 1M TSFR + 5.000%, 05/17/29 | 370616 | &nbsp;&nbsp;&nbsp; 368763 |
| HDI Aerospace Intermediate Holding III Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 7.400%, 3M TSFR + 3.750%, 02/11/32 | 643500 | &nbsp;&nbsp;&nbsp; 646718 |
| NEXUS Buyer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Incremental Term Loan, 7.668%, 1M TSFR + 4.000%, <br> 07/31/31<br>| 746250 | &nbsp;&nbsp;&nbsp; 723596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 7.168%, 1M TSFR + 3.500%, 07/31/31 | 786030 | &nbsp;&nbsp;&nbsp; 758847 |
| Nvent Electric PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 6.668%, 1M TSFR + 3.000%, 01/30/32 | 1119375 | &nbsp;&nbsp;&nbsp; 1120307 |
|  |  | &nbsp;&nbsp;&nbsp; 7189846 |
| **Leisure Time — 1.8%** | **Leisure Time — 1.8%** | **Leisure Time — 1.8%** |
| Alterra Mountain Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B8, 6.168%, 1M TSFR + 2.500%, 05/31/30 | 1592000 | &nbsp;&nbsp;&nbsp; 1592000 |
| Bombardier Recreational Products, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan B3, 5.918%, 1M TSFR + 2.250%, 12/13/29 | 273625 | &nbsp;&nbsp;&nbsp; 274394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B4, 5.918%, 1M TSFR + 2.250%, 01/22/31 | 484014 | &nbsp;&nbsp;&nbsp; 484989 |
| GSM Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 8.700%, 3M TSFR + 5.000%, 09/30/31 | 985000 | &nbsp;&nbsp;&nbsp; 979151 |
| Hayward Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan, 6.282%, 1M TSFR + 2.500%, 05/30/28 | 1484259 | &nbsp;&nbsp;&nbsp; 1488898 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Leisure Time—(Continued)** | **Leisure Time—(Continued)** | **Leisure Time—(Continued)** |
| Horizon U.S. Finco LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 8.518%, 6M TSFR + 4.500%, 10/31/31 | 1049941 | &nbsp;&nbsp;&nbsp; $986944 |
| MajorDrive Holdings IV LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2022 Incremental Term Loan B, 9.350%, 3M TSFR + 5.500%, <br> 06/01/29<br>| 486076 | &nbsp;&nbsp;&nbsp; 442532 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 7.961%, 3M TSFR + 4.000%, 06/01/28 | 314931 | &nbsp;&nbsp;&nbsp; 286981 |
| Recess Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan, 7.418%, 3M TSFR + 3.750%, <br> 02/20/30<br>| 1989201 | &nbsp;&nbsp;&nbsp; 1994277 |
| Sabre GLBL, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B1, 9.768%, 1M TSFR + 6.000%, 11/15/29 | 722263 | &nbsp;&nbsp;&nbsp; 571490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B1, 10.018%, 1M TSFR + 6.250%, 07/30/29 | 137372 | &nbsp;&nbsp;&nbsp; 108868 |
|  |  | &nbsp;&nbsp;&nbsp; 9210524 |
| **Lodging — 0.8%** | **Lodging — 0.8%** | **Lodging — 0.8%** |
| Fertitta Entertainment LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan B, 6.918%, 1M TSFR + 3.250%, 01/27/29 | 2863723 | &nbsp;&nbsp;&nbsp; 2812305 |
| Turquoise Topco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 3.886%, 3M TSFR + 0.186%, 12/30/32 | 1025000 | &nbsp;&nbsp;&nbsp; 993396 |
|  |  | &nbsp;&nbsp;&nbsp; 3805701 |
| **Machinery — 0.0%** | **Machinery — 0.0%** | **Machinery — 0.0%** |
| Apex Tool Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 1.5 Lien Term Loan B, 9.668%, 1M TSFR + 6.000%, <br> 04/08/31<br>| 34639 | &nbsp;&nbsp;&nbsp; 15241 |
| **Machinery-Construction & Mining — 0.5%** | **Machinery-Construction & Mining — 0.5%** | **Machinery-Construction & Mining — 0.5%** |
| WEC U.S. Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, 5.668%, 1M TSFR + 2.000%, 01/27/31 | 2441046 | &nbsp;&nbsp;&nbsp; 2439520 |
| **Machinery-Diversified — 3.3%** | **Machinery-Diversified — 3.3%** | **Machinery-Diversified — 3.3%** |
| Bettcher Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan, 03/25/33 (d) | 500000 | &nbsp;&nbsp;&nbsp; 501250 |
| CD&R Hydra Buyer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 7.768%, 1M TSFR + 4.000%, 03/25/31 | 2204071 | &nbsp;&nbsp;&nbsp; 2205678 |
| Columbus McKinnon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 7.200%, 3M TSFR + 3.500%, 02/03/33 | 750571 | &nbsp;&nbsp;&nbsp; 748225 |
| CompoSecure Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 5.928%, 1M TSFR + 2.250%, 01/14/33 | 1050000 | &nbsp;&nbsp;&nbsp; 1048687 |
| CPM Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan, 8.168%, 1M TSFR + 4.500%, 09/28/28 | 1572747 | &nbsp;&nbsp;&nbsp; 1576090 |
| DXP Enterprises, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 6.918%, 1M TSFR + 3.250%, <br> 10/11/30<br>| 1329390 | &nbsp;&nbsp;&nbsp; 1338529 |
| Engineered Machinery Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan, 6.950%, 3M TSFR + 3.250%, 11/26/32 | 2646041 | &nbsp;&nbsp;&nbsp; 2659271 |
| LSF12 Helix Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; USD Term Loan B, 7.168%, 1M TSFR + 3.500%, 02/10/33 | 1550000 | &nbsp;&nbsp;&nbsp; 1530625 |
| Pro Mach Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 1st Lien Term Loan B, 6.418%, 1M TSFR + 2.750%, <br> 10/15/32<br>| 1496250 | &nbsp;&nbsp;&nbsp; 1494661 |
| Roper Industrial Products Investment Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 USD Term Loan B, 6.200%, 3M TSFR + 2.500%, <br> 11/22/29<br>| 964389 | &nbsp;&nbsp;&nbsp; 965795 |

---

**BHFTI-103**

------

**Brighthouse Funds Trust I**

**Brighthouse/Eaton Vance Floating Rate Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Machinery-Diversified—(Continued)** | **Machinery-Diversified—(Continued)** | **Machinery-Diversified—(Continued)** |
| TK Elevator Midco GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 6.377%, 6M TSFR + 2.750%, <br> 04/30/30<br>| 2767038 | &nbsp;&nbsp;&nbsp; $2775685 |
|  |  | &nbsp;&nbsp;&nbsp; 16844496 |
| **Media — 0.8%** | **Media — 0.8%** | **Media — 0.8%** |
| Charter Communications Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B5, 5.911%, 3M TSFR + 2.250%, 12/15/31 | 567813 | &nbsp;&nbsp;&nbsp; 568699 |
| Gray Television, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan D, 6.782%, 1M TSFR + 3.000%, 12/01/28 | 556731 | &nbsp;&nbsp;&nbsp; 557323 |
| Mission Broadcasting, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan B, 6.282%, 1M TSFR + 2.500%, 06/02/28 | 382000 | &nbsp;&nbsp;&nbsp; 380627 |
| Nexstar Broadcasting, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B7, 03/18/33 (d) | 775000 | &nbsp;&nbsp;&nbsp; 768288 |
| Virgin Media Bristol LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2020 USD Term Loan Q, 7.037%, 1M TSFR + 3.250%, <br> 01/31/29<br>| 1125000 | &nbsp;&nbsp;&nbsp; 1087875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 USD Term Loan Y, 7.052%, 6M TSFR + 3.175%, <br> 03/31/31<br>| 850000 | &nbsp;&nbsp;&nbsp; 777963 |
|  |  | &nbsp;&nbsp;&nbsp; 4140775 |
| **Metal Fabricate/Hardware — 0.4%** | **Metal Fabricate/Hardware — 0.4%** | **Metal Fabricate/Hardware — 0.4%** |
| Ameriforge Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 PIK Class A Delayed Draw Term Loan, 3.814%, 3M TSFR <br> + 0.000%, 11.000% PIK, 12/31/25 (f) (g) (h)<br>| 142770 | &nbsp;&nbsp;&nbsp; 2770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 PIK Class A Initial Term Loan, 3.814%, 3M TSFR + <br> 0.000%, 11.000% PIK, 12/31/25 (f) (g) (h)<br>| 1236312 | &nbsp;&nbsp;&nbsp; 23984 |
| WireCo WorldGroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan B, 7.419%, 3M TSFR + 3.750%, 11/13/28 | 469824 | &nbsp;&nbsp;&nbsp; 469041 |
| Zekelman Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 5.922%, 1M TSFR + 2.250%, 01/24/31 | 1501532 | &nbsp;&nbsp;&nbsp; 1505688 |
|  |  | &nbsp;&nbsp;&nbsp; 2001483 |
| **Mining — 0.4%** | **Mining — 0.4%** | **Mining — 0.4%** |
| American Consolidated Natural Resources, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 2nd Lien Term Loan, 13.000%, 12/11/29 | 336647 | &nbsp;&nbsp;&nbsp; 338330 |
| Arsenal AIC Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.418%, 1M TSFR + 2.750%, 08/19/30 | 1519400 | &nbsp;&nbsp;&nbsp; 1525098 |
|  |  | &nbsp;&nbsp;&nbsp; 1863428 |
| **Miscellaneous Manufacturing — 0.4%** | **Miscellaneous Manufacturing — 0.4%** | **Miscellaneous Manufacturing — 0.4%** |
| Cleanova U.S. Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 8.425%, 3M TSFR + 4.750%, 06/14/32 | 1121122 | &nbsp;&nbsp;&nbsp; 1123925 |
| CoorsTek, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 6.671%, 3M TSFR + 3.000%, 10/28/32 | 847875 | &nbsp;&nbsp;&nbsp; 853174 |
|  |  | &nbsp;&nbsp;&nbsp; 1977099 |
| **Oil & Gas — 0.3%** | **Oil & Gas — 0.3%** | **Oil & Gas — 0.3%** |
| Apro LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 7.426%, 1M TSFR + 3.750%, 07/09/31 | 591000 | &nbsp;&nbsp;&nbsp; 593463 |
| Hilcorp Energy I LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 5.425%, 1M TSFR + 1.750%, 02/11/30 | 767250 | &nbsp;&nbsp;&nbsp; 767729 |
|  |  | &nbsp;&nbsp;&nbsp; 1361192 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Packaging & Containers — 2.2%** | **Packaging & Containers — 2.2%** | **Packaging & Containers — 2.2%** |
| Altium Packaging LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 6.168%, 1M TSFR + 2.500%, 06/11/31 | 1253420 | &nbsp;&nbsp;&nbsp; $1214251 |
| Berlin Packaging LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B7, 6.911% - 6.950%, 3M TSFR + 3.250%, <br> 06/07/31 (c)<br>| 977426 | &nbsp;&nbsp;&nbsp; 944437 |
| Charter NEX U.S., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 6.171%, 1M TSFR + 2.500%, <br> 11/29/30<br>| 1454848 | &nbsp;&nbsp;&nbsp; 1448281 |
| Clydesdale Acquisition Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 6.843%, 1M TSFR + 3.175%, 04/13/29 | 2435000 | &nbsp;&nbsp;&nbsp; 2328469 |
| Owens-Illinois, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.668%, 1M TSFR + 3.000%, 09/30/32 | 1521188 | &nbsp;&nbsp;&nbsp; 1506926 |
| Pregis TopCo Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Refinancing Term Loan, 7.668%, 1M TSFR + 4.000%, <br> 02/01/29<br>| 1492487 | &nbsp;&nbsp;&nbsp; 1491155 |
| Proampac PG Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 USD Term Loan B, 7.782%, 1M TSFR + 4.000%, <br> 03/07/33<br>| 2475000 | &nbsp;&nbsp;&nbsp; 2396109 |
|  |  | &nbsp;&nbsp;&nbsp; 11329628 |
| **Pharmaceuticals — 1.9%** | **Pharmaceuticals — 1.9%** | **Pharmaceuticals — 1.9%** |
| Alkermes, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 6.418%, 1M TSFR + 2.750%, 08/12/31 | 650000 | &nbsp;&nbsp;&nbsp; 655687 |
| Amneal Pharmaceuticals LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan, 6.668%, 1M TSFR + 3.000%, 08/01/32 | 1492500 | &nbsp;&nbsp;&nbsp; 1499652 |
| Bausch Health Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 9.918%, 1M TSFR + 6.250%, 10/08/30 | 1041503 | &nbsp;&nbsp;&nbsp; 1007166 |
| Ceva Sante Animale |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 6.389%, 3M TSFR + 2.750%, <br> 11/08/30<br>| 392037 | &nbsp;&nbsp;&nbsp; 395386 |
| Gainwell Acquisition Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 7.800%, 3M TSFR + 4.000%, 10/01/27 | 1857510 | &nbsp;&nbsp;&nbsp; 1804803 |
| Grifols Worldwide Operations USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2019 USD Term Loan B, 5.768%, 1M TSFR + 2.000%, <br> 11/15/27<br>| 374570 | &nbsp;&nbsp;&nbsp; 374687 |
| IVC Acquisition Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Repriced Term Loan B, 7.450%, 3M TSFR + 3.750%, <br> 12/12/28<br>| 1493218 | &nbsp;&nbsp;&nbsp; 1487991 |
| Jazz Financing Lux SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B2, 5.918%, 1M TSFR + 2.250%, <br> 05/05/28<br>| 1300877 | &nbsp;&nbsp;&nbsp; 1307751 |
| Padagis LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 8.658%, 3M TSFR + 4.750%, 07/06/28 | 1152736 | &nbsp;&nbsp;&nbsp; 1066281 |
|  |  | &nbsp;&nbsp;&nbsp; 9599404 |
| **Pipelines — 1.4%** | **Pipelines — 1.4%** | **Pipelines — 1.4%** |
| CQP Holdco LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 5.450%, 3M TSFR + 1.750%, 12/31/32 | 1241369 | &nbsp;&nbsp;&nbsp; 1236810 |
| Freeport LNG Investments LLLP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 6.893%, 3M TSFR + 3.250%, 02/11/33 | 2575000 | &nbsp;&nbsp;&nbsp; 2575000 |
| GIP Pilot Acquisition Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.646%, 3M TSFR + 2.000%, 10/04/30 | 470674 | &nbsp;&nbsp;&nbsp; 471263 |
| Oryx Midstream Services Permian Basin LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.926%, 1M TSFR + 2.250%, 10/05/28 | 1443513 | &nbsp;&nbsp;&nbsp; 1446348 |
| Stonepeak Bayou Holdings LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 6.450%, 3M TSFR + 2.750%, 10/01/32 | 245000 | &nbsp;&nbsp;&nbsp; 237956 |

---

**BHFTI-104**

------

**Brighthouse Funds Trust I**

**Brighthouse/Eaton Vance Floating Rate Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Pipelines—(Continued)** | **Pipelines—(Continued)** | **Pipelines—(Continued)** |
| UGI Energy Services LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 6.168%, 1M TSFR + 2.500%, 02/22/30 | 1307660 | &nbsp;&nbsp;&nbsp; $1310724 |
|  |  | &nbsp;&nbsp;&nbsp; 7278101 |
| **Real Estate — 0.2%** | **Real Estate — 0.2%** | **Real Estate — 0.2%** |
| Cushman & Wakefield U.S. Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B3, 6.418%, 1M TSFR + 2.750%, 01/31/30 | 439526 | &nbsp;&nbsp;&nbsp; 442548 |
| Greystar Real Estate Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.173%, 3M TSFR + 2.500%, 08/21/30 | 609511 | &nbsp;&nbsp;&nbsp; 611035 |
|  |  | &nbsp;&nbsp;&nbsp; 1053583 |
| **Retail — 3.3%** | **Retail — 3.3%** | **Retail — 3.3%** |
| Boots Group Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; USD Term Loan, 6.924%, 3M TSFR + 3.250%, 08/30/32 | 1770562 | &nbsp;&nbsp;&nbsp; 1779047 |
| Great Outdoors Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.918%, 1M TSFR + 3.250%, 01/23/32 | 3374212 | &nbsp;&nbsp;&nbsp; 3372403 |
| Harbor Freight Tools USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 5.918%, 1M TSFR + 2.250%, 06/11/31 | 1797625 | &nbsp;&nbsp;&nbsp; 1781204 |
| IRB Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.176%, 1M TSFR + 2.500%, 12/16/30 | 1454599 | &nbsp;&nbsp;&nbsp; 1452276 |
| LBM Acquisition LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Incremental Term Loan, 8.675%, 1M TSFR + 5.000%, <br> 06/06/31<br>| 472625 | &nbsp;&nbsp;&nbsp; 400887 |
| Les Schwab Tire Centers |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.173%, 3M TSFR + 2.500%, 04/23/31 | 1511135 | &nbsp;&nbsp;&nbsp; 1509246 |
| Peer Holding III B.V. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B4B, 6.200%, 3M TSFR + 2.500%, <br> 10/28/30<br>| 1078000 | &nbsp;&nbsp;&nbsp; 1078539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B5B, 6.200%, 3M TSFR + 2.500%, <br> 07/01/31<br>| 1407187 | &nbsp;&nbsp;&nbsp; 1408360 |
| Phillips Feed Service, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2020 Term Loan, 10.768%, 1M TSFR + 7.000%, 11/13/26 (f) <br>(g)<br>| 10967 | &nbsp;&nbsp;&nbsp; 6726 |
| Reverb Buyer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Steerco Term Loan, 7.267%, 3M TSFR + 3.500%, <br> 11/01/28<br>| 1067855 | &nbsp;&nbsp;&nbsp; 784873 |
| Serta Simmons Bedding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 New Term Loan, 11.314%, 3M TSFR + 7.500%, <br> 06/29/28<br>| 1323394 | &nbsp;&nbsp;&nbsp; 1244817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Priority Term Loan, 11.284%, 3M TSFR + 7.500%, <br> 06/29/28 (f) (g)<br>| 143672 | &nbsp;&nbsp;&nbsp; 143672 |
| White Cap Buyer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 6.918%, 1M TSFR + 3.250%, 10/19/29 | 1558083 | &nbsp;&nbsp;&nbsp; 1501213 |
|  |  | &nbsp;&nbsp;&nbsp; 16463263 |
| **Semiconductors — 0.0%** | **Semiconductors — 0.0%** | **Semiconductors — 0.0%** |
| Bright Bidco BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2022 Exit Term Loan, 10/31/27 (e) | 378225 | &nbsp;&nbsp;&nbsp; 141834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Delayed Draw Term Loan, 06/30/26 (b) (f) (g) | 12075 | &nbsp;&nbsp;&nbsp; 11801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan, 13.700%, 3M TSFR + 10.000%, 06/30/26 <br> (f) (g)<br>| 16724 | &nbsp;&nbsp;&nbsp; 16345 |
|  |  | &nbsp;&nbsp;&nbsp; 169980 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Software — 11.6%** | **Software — 11.6%** | **Software — 11.6%** |
| Applied Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan, 5.950%, 3M TSFR + 2.250%, <br> 02/24/31<br>| 2153163 | &nbsp;&nbsp;&nbsp; $2114137 |
| Ascend Learning LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 6.668%, 1M TSFR + 3.000%, <br> 12/11/28<br>| 1267271 | &nbsp;&nbsp;&nbsp; 1239813 |
| Athenahealth Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan B, 6.418%, 1M TSFR + 2.750%, 02/15/29 | 2647874 | &nbsp;&nbsp;&nbsp; 2605320 |
| Aurora Lux Finco SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 8.950%, 3M TSFR + 5.250%, 10/01/32 | 1008472 | &nbsp;&nbsp;&nbsp; 922752 |
| Boxer Parent Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 6.673%, 3M TSFR + 3.000%, <br> 07/30/31<br>| 2621817 | &nbsp;&nbsp;&nbsp; 2436242 |
| Calabrio, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 First Out Term Loan, 7.673%, 3M TSFR + 4.000%, <br> 11/26/32<br>| 1025000 | &nbsp;&nbsp;&nbsp; 814234 |
| Clearwater Analytics LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.675%, 1M TSFR + 2.000%, 04/21/32 | 746250 | &nbsp;&nbsp;&nbsp; 746405 |
| Cloud Software Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B (2032), 6.950%, 3M TSFR + 3.250%, <br> 08/13/32<br>| 1990000 | &nbsp;&nbsp;&nbsp; 1822094 |
| Cloudera, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Second Lien Term Loan, 9.768%, 1M TSFR + 6.000%, <br> 10/08/29<br>| 850000 | &nbsp;&nbsp;&nbsp; 662362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan, 7.518%, 1M TSFR + 3.750%, 10/08/28 | 1579704 | &nbsp;&nbsp;&nbsp; 1411465 |
| Constant Contact, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 7.934%, 3M TSFR + 4.000%, 02/10/28 | 638204 | &nbsp;&nbsp;&nbsp; 596322 |
| CoreLogic, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 7.282%, 1M TSFR + 3.500%, 06/02/28 | 1828500 | &nbsp;&nbsp;&nbsp; 1753074 |
| Cornerstone OnDemand, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan, 7.532%, 1M TSFR + 3.750%, 10/16/28 | 620878 | &nbsp;&nbsp;&nbsp; 457315 |
| Cotiviti Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, 6.418%, 1M TSFR + 2.750%, 05/01/31 | 2468740 | &nbsp;&nbsp;&nbsp; 2282042 |
| Dayforce, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan, 6.661%, 3M TSFR + 3.000%, 02/04/33 | 2400000 | &nbsp;&nbsp;&nbsp; 2277600 |
| Drake Software LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 7.950%, 3M TSFR + 4.250%, 06/26/31 | 997891 | &nbsp;&nbsp;&nbsp; 940512 |
| ECI Macola Max Holding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 6.450%, 3M TSFR + 2.750%, 05/09/30 | 1318714 | &nbsp;&nbsp;&nbsp; 1292614 |
| Electronic Arts, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; USD Term Loan B, 03/24/33 (d) | 3125000 | &nbsp;&nbsp;&nbsp; 3110350 |
| Epicor Software Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan F, 6.168%, 1M TSFR + 2.500%, 05/30/31 | 2633319 | &nbsp;&nbsp;&nbsp; 2584932 |
| Genesys Cloud Services Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 6.168%, 1M TSFR + 2.500%, <br> 01/30/32<br>| 1492462 | &nbsp;&nbsp;&nbsp; 1429033 |
| iSolved, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 6.418%, 1M TSFR + 2.750%, 10/15/30 | 1063624 | &nbsp;&nbsp;&nbsp; 1015761 |
| Marcel LUX IV SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Repriced Term Loan, 6.410%, 1M TSFR + 2.750%, <br> 11/12/30<br>| 2641241 | &nbsp;&nbsp;&nbsp; 2609877 |
| Metropolis Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 8.980%, 6M TSFR + 5.250%, 11/03/32 | 1047375 | &nbsp;&nbsp;&nbsp; 1036901 |
| N-Able International Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.423%, 3M TSFR + 2.750%, 11/26/32 | 199500 | &nbsp;&nbsp;&nbsp; 197006 |
| Oceankey U.S. II Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan, 7.268%, 1M TSFR + 3.500%, 12/15/28 | 1560432 | &nbsp;&nbsp;&nbsp; 1472007 |

---

**BHFTI-105**

------

**Brighthouse Funds Trust I**

**Brighthouse/Eaton Vance Floating Rate Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Software—(Continued)** | **Software—(Continued)** | **Software—(Continued)** |
| Open Text Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan B, 5.418%, 1M TSFR + 1.750%, 01/31/30 | 447795 | &nbsp;&nbsp;&nbsp; $439189 |
| Playtika Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan B1, 6.532%, 1M TSFR + 2.750%, 03/13/28 | 673516 | &nbsp;&nbsp;&nbsp; 633610 |
| PointClickCare Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.418%, 1M TSFR + 2.750%, 11/03/31 | 1329650 | &nbsp;&nbsp;&nbsp; 1324249 |
| Polaris Newco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; USD Term Loan B, 06/02/28 (d) | 750000 | &nbsp;&nbsp;&nbsp; 656762 |
| Press Ganey Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 6.668%, 1M TSFR + 3.000%, <br> 04/30/31<br>| 1135290 | &nbsp;&nbsp;&nbsp; 1135354 |
| 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>| 2057384 | &nbsp;&nbsp;&nbsp; 1566826 |
| Project Boost Purchaser LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Refinancing Term Loan, 6.450%, 3M TSFR + 2.750%, <br> 07/16/31<br>| 1833151 | &nbsp;&nbsp;&nbsp; 1769755 |
| Project Ruby Ultimate Parent Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.532%, 1M TSFR + 2.750%, 03/10/28 | 1823027 | &nbsp;&nbsp;&nbsp; 1816570 |
| Quartz Acquireco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.950%, 3M TSFR + 2.250%, 06/28/30 | 1070627 | &nbsp;&nbsp;&nbsp; 903342 |
| RealPage, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1st Lien Term Loan, 6.961%, 3M TSFR + 3.000%, 04/24/28 | 1483167 | &nbsp;&nbsp;&nbsp; 1423655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Incremental Term Loan, 7.450%, 3M TSFR + 3.750%, <br> 04/24/28<br>| 396000 | &nbsp;&nbsp;&nbsp; 385495 |
| Relativity ODA LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 6.418%, 1M TSFR + 2.750%, 01/30/33 | 825000 | &nbsp;&nbsp;&nbsp; 817781 |
| Rocket Software, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 USD Term Loan B, 7.418%, 1M TSFR + 3.750%, <br> 11/28/28<br>| 198500 | &nbsp;&nbsp;&nbsp; 190858 |
| SkillSoft Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan, 9.032%, 1M TSFR + 5.250%, 07/14/28 | 852898 | &nbsp;&nbsp;&nbsp; 348089 |
| SolarWinds Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 7.674%, 3M TSFR + 4.000%, 04/16/32 | 1940250 | &nbsp;&nbsp;&nbsp; 1645978 |
| Symplr Software, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2020 Term Loan, 8.267%, 3M TSFR + 4.500%, 12/22/27 | 470053 | &nbsp;&nbsp;&nbsp; 333346 |
| UKG, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 6.167%, 3M TSFR + 2.500%, 02/10/31 | 3913302 | &nbsp;&nbsp;&nbsp; 3742760 |
| Waystar Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.668%, 1M TSFR + 2.000%, 10/22/29 | 1523059 | &nbsp;&nbsp;&nbsp; 1523059 |
|  |  | &nbsp;&nbsp;&nbsp; 58486848 |
| **Telecommunications — 1.1%** | **Telecommunications — 1.1%** | **Telecommunications — 1.1%** |
| Ciena Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 5.425%, 1M TSFR + 1.750%, <br> 10/24/30<br>| 1167899 | &nbsp;&nbsp;&nbsp; 1171403 |
| Crown Subsea Communications Holding, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 6.668%, 1M TSFR + 3.000%, 01/30/31 | 1000000 | &nbsp;&nbsp;&nbsp; 1003750 |
| Delta TopCo, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.421%, 1M TSFR + 2.750%, 11/30/29 | 994962 | &nbsp;&nbsp;&nbsp; 965735 |
| Level 3 Financing, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B4, 6.918%, 1M TSFR + 3.250%, <br> 03/29/32<br>| 1333213 | &nbsp;&nbsp;&nbsp; 1335434 |
| Viavi Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 6.171%, 3M TSFR + 2.500%, 10/16/32 | 825000 | &nbsp;&nbsp;&nbsp; 828094 |
|  |  | &nbsp;&nbsp;&nbsp; 5304416 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Transportation — 0.9%** | **Transportation — 0.9%** | **Transportation — 0.9%** |
| AIT Worldwide Logistics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan, 7.669%, 3M TSFR + 4.000%, <br> 04/08/30<br>| 641875 | &nbsp;&nbsp;&nbsp; $643613 |
| First Student Bidco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 5.950%, 3M TSFR + 2.250%, 08/15/30 | 1170308 | &nbsp;&nbsp;&nbsp; 1167992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan C, 5.950%, 3M TSFR + 2.250%, 08/15/30 | 214137 | &nbsp;&nbsp;&nbsp; 213713 |
| Kenan Advantage Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B4, 6.918%, 1M TSFR + 3.250%, 01/25/29 | 1720222 | &nbsp;&nbsp;&nbsp; 1703737 |
| Student Transportation of America Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 6.402%, 3M TSFR + 2.750%, 06/24/32 | 818823 | &nbsp;&nbsp;&nbsp; 821894 |
|  |  | &nbsp;&nbsp;&nbsp; 4550949 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Floating Rate Loans <br>(Cost $464,252,015) <br>|  | &nbsp;&nbsp;&nbsp; 448016680 |
| **Corporate Bonds & Notes—2.9%** | **Corporate Bonds & Notes—2.9%** | **Corporate Bonds & Notes—2.9%** |
| **Aerospace/Defense — 0.1%** | **Aerospace/Defense — 0.1%** | **Aerospace/Defense — 0.1%** |
| Goat Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 02/01/32 (144A) | 175000 | &nbsp;&nbsp;&nbsp; 176073 |
| TransDigm, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 12/15/30 (144A) | 500000 | &nbsp;&nbsp;&nbsp; 512324 |
|  |  | &nbsp;&nbsp;&nbsp; 688397 |
| **Airlines — 0.3%** | **Airlines — 0.3%** | **Airlines — 0.3%** |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 04/20/29 (144A) | 1500000 | &nbsp;&nbsp;&nbsp; 1491796 |
| **Apparel — 0.1%** | **Apparel — 0.1%** | **Apparel — 0.1%** |
| Champ Acquisition Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 12/01/31 (144A) | 375000 | &nbsp;&nbsp;&nbsp; 393048 |
| **Commercial Services — 0.0%** | **Commercial Services — 0.0%** | **Commercial Services — 0.0%** |
| Herc Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 06/15/30 (144A) | 85000 | &nbsp;&nbsp;&nbsp; 87156 |
| **Computers — 0.3%** | **Computers — 0.3%** | **Computers — 0.3%** |
| Diebold Nixdorf, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 03/31/30 (144A) | 925000 | &nbsp;&nbsp;&nbsp; 961850 |
| NCR Atleos Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 04/01/29 (144A) | 500000 | &nbsp;&nbsp;&nbsp; 535221 |
|  |  | &nbsp;&nbsp;&nbsp; 1497071 |
| **Diversified Financial Services — 0.1%** | **Diversified Financial Services — 0.1%** | **Diversified Financial Services — 0.1%** |
| Focus Financial Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 09/15/31 (144A) | 750000 | &nbsp;&nbsp;&nbsp; 744860 |
| **Engineering & Construction — 0.0%** | **Engineering & Construction — 0.0%** | **Engineering & Construction — 0.0%** |
| Artera Services LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 02/15/31 (144A) | 125000 | &nbsp;&nbsp;&nbsp; 107035 |
| **Entertainment — 0.1%** | **Entertainment — 0.1%** | **Entertainment — 0.1%** |
| Caesars Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/15/32 (144A) | 400000 | &nbsp;&nbsp;&nbsp; 395343 |

---

**BHFTI-106**

------

**Brighthouse Funds Trust I**

**Brighthouse/Eaton Vance Floating Rate Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Insurance — 0.6%** | **Insurance — 0.6%** | **Insurance — 0.6%** |
| AmWINS Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 02/15/29 (144A) | 600000 | &nbsp;&nbsp;&nbsp; $603475 |
| Asurion LLC/Asurion Co-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 02/01/34 (144A) | 1000000 | &nbsp;&nbsp;&nbsp; 970862 |
| Panther Escrow Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 06/01/31 (144A) | 1350000 | &nbsp;&nbsp;&nbsp; 1354535 |
|  |  | &nbsp;&nbsp;&nbsp; 2928872 |
| **Machinery-Diversified — 0.2%** | **Machinery-Diversified — 0.2%** | **Machinery-Diversified — 0.2%** |
| Columbus McKinnon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 02/01/33 (144A) | 400000 | &nbsp;&nbsp;&nbsp; 399816 |
| Lsf12 Helix Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 02/01/33 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 192481 |
| TK Elevator U.S. Newco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 07/15/27 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 199477 |
|  |  | &nbsp;&nbsp;&nbsp; 791774 |
| **Media — 0.1%** | **Media — 0.1%** | **Media — 0.1%** |
| Virgin Media Secured Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/15/30 (144A) | 800000 | &nbsp;&nbsp;&nbsp; 709479 |
| **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** |
| 1261229 BC Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 04/15/32 (144A) | 525000 | &nbsp;&nbsp;&nbsp; 537518 |
| **Software — 0.8%** | **Software — 0.8%** | **Software — 0.8%** |
| Capstone Borrower, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 06/15/30 (144A) | 1000000 | &nbsp;&nbsp;&nbsp; 955480 |
| Cloud Software Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 06/30/32 (144A) | 1150000 | &nbsp;&nbsp;&nbsp; 1090700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 09/30/29 (144A) | 500000 | &nbsp;&nbsp;&nbsp; 482337 |
| OAK-Eagle Acquireco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 07/01/33 (144A) | 425000 | &nbsp;&nbsp;&nbsp; 440340 |
| UKG, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 02/01/31 (144A) | 825000 | &nbsp;&nbsp;&nbsp; 806285 |
|  |  | &nbsp;&nbsp;&nbsp; 3775142 |
| **Telecommunications — 0.1%** | **Telecommunications — 0.1%** | **Telecommunications — 0.1%** |
| Altice France SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 10/15/30 (144A) | 362043 | &nbsp;&nbsp;&nbsp; 346330 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $14,529,161) <br>|  | &nbsp;&nbsp;&nbsp; 14493821 |
| **Asset-Backed Securities—2.5%** | **Asset-Backed Securities—2.5%** | **Asset-Backed Securities—2.5%** |
| **Asset-Backed - Other — 2.5%** | **Asset-Backed - Other — 2.5%** | **Asset-Backed - Other — 2.5%** |
| AGL CLO 19 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.070%, 3M TSFR + 4.400%, 07/21/38 (144A) (i) | 1000000 | &nbsp;&nbsp;&nbsp; 962117 |
| Ballyrock CLO 31 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.658%, 3M TSFR + 4.950%, 04/20/39 (144A) (i) | 1500000 | &nbsp;&nbsp;&nbsp; 1494127 |
| Benefit Street Partners CLO 48 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.359%, 3M TSFR + 4.650%, 04/20/39 (144A) (i) | 1500000 | &nbsp;&nbsp;&nbsp; 1459208 |
| Bryant Park Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.562%, 3M TSFR + 4.800%, 04/22/39 (144A) (i) | 1500000 | &nbsp;&nbsp;&nbsp; 1470252 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***/<br> **Shares**<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| Invesco U.S. CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.518%, 3M TSFR + 2.850%, 01/18/39 (144A) (i) | 1000000 | &nbsp;&nbsp;&nbsp; $980063 |
| Marble Point CLO XXIV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.913%, 3M TSFR + 3.250%, 04/20/35 (144A) (i) | 1000000 | &nbsp;&nbsp;&nbsp; 964752 |
| Neuberger Berman Loan Advisers CLO 30 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.468%, 3M TSFR + 2.800%, 01/20/39 (144A) (i) | 1000000 | &nbsp;&nbsp;&nbsp; 995371 |
| New Mountain CLO 9 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.359%, 3M TSFR + 3.650%, 04/22/39 (144A) (i) | 1000000 | &nbsp;&nbsp;&nbsp; 996047 |
| RR 25 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.119%, 3M TSFR + 5.450%, 04/15/41 (144A) (i) | 1500000 | &nbsp;&nbsp;&nbsp; 1478232 |
| Silver Point CLO 17 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.110%, 3M TSFR + 6.430%, 04/15/39 (144A) (i) | 1000000 | &nbsp;&nbsp;&nbsp; 999653 |
| Sixth Street CLO XIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.270%, 3M TSFR + 2.600%, 01/21/38 (144A) (i) | 1000000 | &nbsp;&nbsp;&nbsp; 946500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities <br>(Cost $13,004,500) <br>|  | &nbsp;&nbsp;&nbsp; 12746322 |

---

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

---

| | | |
|:---|:---|:---|
| **Common Stocks—1.1%** | **Common Stocks—1.1%** | **Common Stocks—1.1%** |
| **Beverages — 0.1%** | **Beverages — 0.1%** | **Beverages — 0.1%** |
| Citybrewing Topco LLC (f) (g) (j) (k) | 66853 | &nbsp;&nbsp;&nbsp; 352984 |
| **Commercial Services — 0.1%** | **Commercial Services — 0.1%** | **Commercial Services — 0.1%** |
| Monitronics International, Inc. (j) (k) | 16872 | &nbsp;&nbsp;&nbsp; 253080 |
| **Diversified Telecommunication Services — 0.0%** | **Diversified Telecommunication Services — 0.0%** | **Diversified Telecommunication Services — 0.0%** |
| Luxco Co. Ltd. (j) (k) | 2150 | &nbsp;&nbsp;&nbsp; 35785 |
| **Electronic Equipment, Instruments & Components — 0.1%** | **Electronic Equipment, Instruments & Components — 0.1%** | **Electronic Equipment, Instruments & Components — 0.1%** |
| Range Red Acquisitions LLC - Class A1 (f) (g) (j) (k) | 543 | &nbsp;&nbsp;&nbsp; 753130 |
| **Health Care Providers & Services — 0.2%** | **Health Care Providers & Services — 0.2%** | **Health Care Providers & Services — 0.2%** |
| Cano Health, Inc. (f) (g) (j) (k) | 121458 | &nbsp;&nbsp;&nbsp; 0 |
| Envision Parent, Inc. (j) (k) | 68001 | &nbsp;&nbsp;&nbsp; 1156017 |
|  |  | &nbsp;&nbsp;&nbsp; 1156017 |
| **Household Products — 0.2%** | **Household Products — 0.2%** | **Household Products — 0.2%** |
| LG Parent Holding Co. (j) (k) | 9472 | &nbsp;&nbsp;&nbsp; 28416 |
| Serta Simmons Bedding, Inc. (j) (k) | 90899 | &nbsp;&nbsp;&nbsp; 749917 |
| Serta SSB Equipment Co. (f) (g) (j) (k) | 90899 | &nbsp;&nbsp;&nbsp; 0 |
|  |  | &nbsp;&nbsp;&nbsp; 778333 |
| **Investment Companies — 0.0%** | **Investment Companies — 0.0%** | **Investment Companies — 0.0%** |
| Aegletes BV (f) (g) (j) (k) | 11991 | &nbsp;&nbsp;&nbsp; 0 |
| **Machinery — 0.0%** | **Machinery — 0.0%** | **Machinery — 0.0%** |
| Apex Tool Ultimate Holdings LLC (f) (g) (j) (k) | 9180 | &nbsp;&nbsp;&nbsp; 0 |
| **Media — 0.0%** | **Media — 0.0%** | **Media — 0.0%** |
| GEE Acquisition Holdings Corp. (f) (g) (j) (k) | 17940 | &nbsp;&nbsp;&nbsp; 0 |
| **Metals & Mining — 0.0%** | **Metals & Mining — 0.0%** | **Metals & Mining — 0.0%** |
| AFG Holdings, Inc. (f) (g) (j) (k) | 24746 | &nbsp;&nbsp;&nbsp; 0 |
| **Pharmaceuticals — 0.4%** | **Pharmaceuticals — 0.4%** | **Pharmaceuticals — 0.4%** |
| Mallinckrodt International Finance SA (j) (k) | 23570 | &nbsp;&nbsp;&nbsp; 1956310 |

---

**BHFTI-107**

------

**Brighthouse Funds Trust I**

**Brighthouse/Eaton Vance Floating Rate Portfolio**

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

**Common Stocks—(Continued)**

**Short-Term Investments—5.2%**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Pharmaceuticals—(Continued)** | **Pharmaceuticals—(Continued)** | **Pharmaceuticals—(Continued)** |
| Par Health, Inc. (j) (k) | 23570 | &nbsp;&nbsp;&nbsp; $129635 |
|  |  | &nbsp;&nbsp;&nbsp; 2085945 |
| **Professional Services — 0.0%** | **Professional Services — 0.0%** | **Professional Services — 0.0%** |
| Skillsoft Corp. (j) (k) | 3344 | &nbsp;&nbsp;&nbsp; 14346 |
| **Software — 0.0%** | **Software — 0.0%** | **Software — 0.0%** |
| Blackboard LLC (f) (g) (j) (k) | 14498 | &nbsp;&nbsp;&nbsp; 0 |
| **Specialty Retail — 0.0%** | **Specialty Retail — 0.0%** | **Specialty Retail — 0.0%** |
| Phillips Feed Service, Inc. (f) (g) (j) (k) | 62 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $8,378,879) <br>|  | &nbsp;&nbsp;&nbsp; 5429620 |
| **Preferred Stocks—0.1%** | **Preferred Stocks—0.1%** | **Preferred Stocks—0.1%** |
| **Software — 0.1%** | **Software — 0.1%** | **Software — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Blackboard LLC (f) (g) (k) <br>(Cost $234,233)<br>| 12737 | &nbsp;&nbsp;&nbsp; 234233 |
| **Convertible Preferred Stocks—0.0%** | **Convertible Preferred Stocks—0.0%** | **Convertible Preferred Stocks—0.0%** |
| **IT Services — 0.0%** | **IT Services — 0.0%** | **IT Services — 0.0%** |
| Cohesity Global, Inc. - Series G-1 (k) | 4355 | &nbsp;&nbsp;&nbsp; 84923 |
| Cohesity Global, Inc. - Series G (k) | 6303 | &nbsp;&nbsp;&nbsp; 122908 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Convertible Preferred Stocks <br>(Cost $218,489) <br>|  | &nbsp;&nbsp;&nbsp; 207831 |
| **Warrants—0.0%** | **Warrants—0.0%** | **Warrants—0.0%** |
| **Health Care Providers & Services — 0.0%** | **Health Care Providers & Services — 0.0%** | **Health Care Providers & Services — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Cano Health, Inc., Expires 06/28/29 (f) (g) (k) <br>(Cost $0)<br>| 3834 | &nbsp;&nbsp;&nbsp; 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—5.2%** | **Repurchase Agreement—5.2%** | **Repurchase Agreement—5.2%** |
| 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 $26,099,622; <br> collateralized by U.S. Treasury Note at 2.750%, maturing <br> 07/31/27, with a market value of $26,619,874<br>| 26097810 | &nbsp;&nbsp;&nbsp; $26097810 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $26,097,810) <br>|  | &nbsp;&nbsp;&nbsp; 26097810 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—100.8% <br>(Cost $526,715,087)<br>|  | &nbsp;&nbsp;&nbsp; 507226317 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unfunded Loan Commitments—0.0% <br>(Cost $(704515))<br>|  | &nbsp;&nbsp;&nbsp; (704515)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investments—100.8% <br>(Cost $526,010,572) <br>|  | &nbsp;&nbsp;&nbsp; 506521802 |
| Other assets and liabilities (net)—(0.8)%  |  | &nbsp;&nbsp;&nbsp; (3293301)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $503228501 |

---

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

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

(a) Floating rate loans ("Senior Loans") often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will generally have an expected average life of approximately two to four years. Senior Loans typically have rates of interest which are determined periodically by reference to a base lending rate, plus a spread. These base rates are primarily the Secured Overnight Financing Rate and secondarily, the prime rate offered by one or more major United States banks. Base lending rates may be subject to a floor, or a minimum rate. 

(b) Unfunded or partially unfunded loan commitments. The Portfolio may enter into certain credit agreements for which all or a portion may be unfunded. The Portfolio is obligated to fund these commitments at the borrower's discretion. 

(c) The stated interest rates represent the range of rates applicable to the underlying contracts within the loan tranche as of March 31, 2026. 

(d) This loan will settle after March 31, 2026, at which time the interest rate will be determined.

(e) Non-income producing; security is in default and/or issuer is in bankruptcy.

(f) Security was valued in good faith under procedures subject to oversight by the Board of Trustees. As of March 31, 2026, these securities represent 0.6% of net assets. 

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

(h) Payment-in kind security for which part of the income earned may be paid as additional principal. 

(i) 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. 

(j) Security was acquired in connection with a restructuring of a senior loan and may be subject to restrictions on resale. 

(k) Non-income producing security.

(144A) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of March 31, 2026, the market value of 144A securities was $27,240,143, which is 5.4% of net assets. 

**BHFTI-108**

------

**Brighthouse Funds Trust I**

**Brighthouse/Eaton Vance Floating Rate 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** |
| Floating Rate Loans |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Advertising | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $2494670 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $2494670 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aerospace/Defense (Less Unfunded Loan Commitments of $272,042) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8832119 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8832119 |
| &nbsp;&nbsp;&nbsp;&nbsp; Agriculture | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2397213 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2397213 |
| &nbsp;&nbsp;&nbsp;&nbsp; Airlines | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3708960 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3708960 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apparel | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4439227 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4439227 |
| &nbsp;&nbsp;&nbsp;&nbsp; Auto Parts & Equipment | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4608655 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4608655 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banks | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 669085 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 669085 |
| &nbsp;&nbsp;&nbsp;&nbsp; Beverages | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1077326 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1077326 |
| &nbsp;&nbsp;&nbsp;&nbsp; Building Materials (Less Unfunded Loan Commitments of $27,143) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10509104 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10509104 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11463853 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11463853 |
| &nbsp;&nbsp;&nbsp;&nbsp; Coal | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 530739 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 530739 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Services (Less Unfunded Loan Commitments of $119,308) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 40931650 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 40931650 |
| &nbsp;&nbsp;&nbsp;&nbsp; Computers (Less Unfunded Loan Commitments of $88,095) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11026130 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11026130 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cosmetics/Personal Care | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3582564 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3582564 |
| &nbsp;&nbsp;&nbsp;&nbsp; Distribution/Wholesale | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8829847 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8829847 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Financial Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25404090 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25404090 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric (Less Unfunded Loan Commitments of $87,436) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9413638 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9413638 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Components & Equipment | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2596605 | &nbsp;&nbsp;&nbsp; 821838 | &nbsp;&nbsp;&nbsp; 3418443 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronics | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4607889 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4607889 |
| &nbsp;&nbsp;&nbsp;&nbsp; Engineering & Construction (Less Unfunded Loan Commitments of $42,857) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11360172 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11360172 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21094065 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21094065 |
| &nbsp;&nbsp;&nbsp;&nbsp; Environmental Control | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15515321 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15515321 |
| &nbsp;&nbsp;&nbsp;&nbsp; Food | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3618798 | &nbsp;&nbsp;&nbsp; 643663 | &nbsp;&nbsp;&nbsp; 4262461 |
| &nbsp;&nbsp;&nbsp;&nbsp; Food Service | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1000608 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1000608 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forest Products & Paper | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 492165 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 492165 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hand/Machine Tools | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2468591 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2468591 |
| &nbsp;&nbsp;&nbsp;&nbsp; Healthcare-Products (Less Unfunded Loan Commitments of $55,559) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6373960 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6373960 |
| &nbsp;&nbsp;&nbsp;&nbsp; Healthcare-Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22390886 | &nbsp;&nbsp;&nbsp; 163577 | &nbsp;&nbsp;&nbsp; 22554463 |
| &nbsp;&nbsp;&nbsp;&nbsp; Holding Companies-Diversified | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 198913 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 198913 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home Builders | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 320550 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 320550 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home Furnishings | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3171128 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3171128 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Products/Wares | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 869337 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 869337 |
| &nbsp;&nbsp;&nbsp;&nbsp; Housewares | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 497286 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 497286 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 29585805 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 29585805 |
| &nbsp;&nbsp;&nbsp;&nbsp; Internet | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4528736 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4528736 |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7189846 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7189846 |
| &nbsp;&nbsp;&nbsp;&nbsp; Leisure Time | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9210524 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9210524 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lodging | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3805701 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3805701 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15241 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15241 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery-Construction & Mining | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2439520 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2439520 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery-Diversified | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16844496 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16844496 |
| &nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4140775 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4140775 |
| &nbsp;&nbsp;&nbsp;&nbsp; Metal Fabricate/Hardware | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1974729 | &nbsp;&nbsp;&nbsp; 26754 | &nbsp;&nbsp;&nbsp; 2001483 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mining | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1863428 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1863428 |
| &nbsp;&nbsp;&nbsp;&nbsp; Miscellaneous Manufacturing | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1977099 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1977099 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil & Gas | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1361192 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1361192 |
| &nbsp;&nbsp;&nbsp;&nbsp; Packaging & Containers | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11329628 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11329628 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9599404 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9599404 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pipelines | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7278101 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7278101 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1053583 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1053583 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16312865 | &nbsp;&nbsp;&nbsp; 150398 | &nbsp;&nbsp;&nbsp; 16463263 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors (Less Unfunded Loan Commitments of $12,075) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 141834 | &nbsp;&nbsp;&nbsp; 16071 | &nbsp;&nbsp;&nbsp; 157905 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 58486848 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 58486848 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telecommunications | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5304416 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5304416 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transportation | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4550949 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4550949 |
| Total Floating Rate Loans (Less Unfunded Loan Commitments of $704,515) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 445489864 | &nbsp;&nbsp;&nbsp; 1822301 | &nbsp;&nbsp;&nbsp; 447312165 |
| Total Corporate Bonds & Notes\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14493821 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14493821 |
| Total Asset-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12746322 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12746322 |

---

**BHFTI-109**

------

**Brighthouse Funds Trust I**

**Brighthouse/Eaton Vance Floating Rate Portfolio**

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

**Fair Value Hierarchy — (Continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beverages | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $352984 | &nbsp;&nbsp;&nbsp; $352984 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 253080 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 253080 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Telecommunication Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 35785 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 35785 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronic Equipment, Instruments & Components | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 753130 | &nbsp;&nbsp;&nbsp; 753130 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Providers & Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1156017 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 1156017 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Products | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 778333 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 778333 |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Metals & Mining | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2085945 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2085945 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional Services | &nbsp;&nbsp;&nbsp; 14346 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14346 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Retail | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 14346 | &nbsp;&nbsp;&nbsp; 4309160 | &nbsp;&nbsp;&nbsp; 1106114 | &nbsp;&nbsp;&nbsp; 5429620 |
| Total Preferred Stocks\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 234233 | &nbsp;&nbsp;&nbsp; 234233 |
| Total Convertible Preferred Stocks\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 207831 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 207831 |
| Total Warrants\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26097810 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26097810 |
| Total Net Investments | &nbsp;&nbsp;&nbsp; $14346 | &nbsp;&nbsp;&nbsp; $503344808 | &nbsp;&nbsp;&nbsp; $3162648 | &nbsp;&nbsp;&nbsp; $506521802 |

---

&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 $2,330,070 were due to the cessation of a vendor or broker providing prices based on market indications which resulted in a lack of significant observable inputs.

**BHFTI-110**

------

**Brighthouse Funds Trust I**

**Brighthouse/Franklin Low Duration Total Return Portfolio**

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

**Corporate Bonds & Notes—37.0% 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 — 0.1%** | **Advertising — 0.1%** | **Advertising — 0.1%** |
| Neptune Bidco U.S., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.290%, 04/15/29 (144A) (a) | 35000 | &nbsp;&nbsp;&nbsp; $35097 |
| Omnicom Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 03/02/29 (a) | 515000 | &nbsp;&nbsp;&nbsp; 509537 |
|  |  | &nbsp;&nbsp;&nbsp; 544634 |
| **Aerospace/Defense — 0.9%** | **Aerospace/Defense — 0.9%** | **Aerospace/Defense — 0.9%** |
| BAE Systems PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/26/27 (144A) (a) | 1200000 | &nbsp;&nbsp;&nbsp; 1207825 |
| Boeing Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 05/01/30 | 500000 | &nbsp;&nbsp;&nbsp; 508370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.298%, 05/01/29 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1049835 |
| General Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 07/29/30 (a) | 350000 | &nbsp;&nbsp;&nbsp; 349161 |
| Honeywell Aerospace, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 03/16/31 (144A) | 720000 | &nbsp;&nbsp;&nbsp; 712213 |
| Spirit AeroSystems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 06/15/28 (a) | 1440000 | &nbsp;&nbsp;&nbsp; 1440393 |
|  |  | &nbsp;&nbsp;&nbsp; 5267797 |
| **Agriculture — 0.3%** | **Agriculture — 0.3%** | **Agriculture — 0.3%** |
| BAT Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.906%, 04/02/30 (a) | 195000 | &nbsp;&nbsp;&nbsp; 197107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.343%, 08/02/30 (a) | 540000 | &nbsp;&nbsp;&nbsp; 576439 |
| Philip Morris International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 02/15/28 (a) | 900000 | &nbsp;&nbsp;&nbsp; 909207 |
|  |  | &nbsp;&nbsp;&nbsp; 1682753 |
| **Airlines — 0.1%** | **Airlines — 0.1%** | **Airlines — 0.1%** |
| United Airlines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 04/15/29 (144A) (a) | 335000 | &nbsp;&nbsp;&nbsp; 328677 |
| **Auto Manufacturers — 1.4%** | **Auto Manufacturers — 1.4%** | **Auto Manufacturers — 1.4%** |
| BMW U.S. Capital LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/11/30 (144A) (a) | 740000 | &nbsp;&nbsp;&nbsp; 731660 |
| General Motors Financial Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 06/10/26 | 4400000 | &nbsp;&nbsp;&nbsp; 4374340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 10/27/28 | 190000 | &nbsp;&nbsp;&nbsp; 188043 |
| Hyundai Capital America |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 03/25/27 (144A) | 850000 | &nbsp;&nbsp;&nbsp; 852841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 01/08/27 (144A) (a) | 1400000 | &nbsp;&nbsp;&nbsp; 1407796 |
|  |  | &nbsp;&nbsp;&nbsp; 7554680 |
| **Banks — 11.0%** | **Banks — 11.0%** | **Banks — 11.0%** |
| ABN AMRO Bank NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.339%, 1Y H15 + 1.650%, 09/18/27 (144A) (a) (b) | 600000 | &nbsp;&nbsp;&nbsp; 605102 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.974%, 3M TSFR + 1.472%, 02/07/30 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1972482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.376%, SOFR + 1.580%, 04/27/28 (a) (b) | 2500000 | &nbsp;&nbsp;&nbsp; 2498160 |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.567%, SOFR + 0.880%, 09/10/27 (a) (b) | 1000000 | &nbsp;&nbsp;&nbsp; 1000968 |
| Bank of New York Mellon |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.729%, SOFR + 1.135%, 04/20/29 (b) | 300000 | &nbsp;&nbsp;&nbsp; 302134 |
| Banque Federative du Credit Mutuel SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.541%, 01/15/31 (144A) (a) | 455000 | &nbsp;&nbsp;&nbsp; 448706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.591%, 10/16/28 (144A) | 1576000 | &nbsp;&nbsp;&nbsp; 1576919 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| CaixaBank SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.634%, SOFR + 1.140%, 07/03/29 (144A) (a) (b) | 1140000 | &nbsp;&nbsp;&nbsp; $1141881 |
| Citibank NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.576%, 05/29/27 (a) | 3800000 | &nbsp;&nbsp;&nbsp; 3815118 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.503%, SOFR + 1.171%, 09/11/31 (b) | 1420000 | &nbsp;&nbsp;&nbsp; 1403860 |
| Credit Agricole SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.222%, SOFR + 1.460%, 05/27/31 (144A) (b) | 2100000 | &nbsp;&nbsp;&nbsp; 2125508 |
| Danske Bank AS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.705%, 1Y H15 + 1.400%, 03/01/30 (144A) (a) (b) | 1600000 | &nbsp;&nbsp;&nbsp; 1645618 |
| Fifth Third Bank NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.967%, SOFR + 0.810%, 01/28/28 (a) (b) | 865000 | &nbsp;&nbsp;&nbsp; 868156 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.640%, SOFR + 1.114%, 02/24/28 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1967772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.387%, SOFR + 1.510%, 06/15/27 (a) (b) | 900000 | &nbsp;&nbsp;&nbsp; 900113 |
| Huntington Bancshares, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.208%, SOFR + 2.020%, 08/21/29 (a) (b) | 1000000 | &nbsp;&nbsp;&nbsp; 1037419 |
| Huntington National Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.552%, SOFR + 1.650%, 05/17/28 (b) | 2400000 | &nbsp;&nbsp;&nbsp; 2400053 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.255%, SOFR + 0.930%, 10/22/31 (a) (b) | 830000 | &nbsp;&nbsp;&nbsp; 817036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.012%, SOFR + 1.310%, 01/23/30 (a) (b) | 1000000 | &nbsp;&nbsp;&nbsp; 1013991 |
| Lloyds Banking Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 1Y H15 + 1.800%, 03/18/28 (a) (b) | 2700000 | &nbsp;&nbsp;&nbsp; 2682102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.087%, 1Y H15 + 0.850%, 11/26/28 (a) (b) | 960000 | &nbsp;&nbsp;&nbsp; 968754 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.210%, SOFR + 1.610%, 04/20/28 (a) (b) | 2500000 | &nbsp;&nbsp;&nbsp; 2493132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 09/08/26 (a) | 2200000 | &nbsp;&nbsp;&nbsp; 2200237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.493%, SOFR + 0.950%, 01/16/32 (b) | 340000 | &nbsp;&nbsp;&nbsp; 334284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.708%, SOFR + 1.195%, 03/12/32 (b) | 495000 | &nbsp;&nbsp;&nbsp; 491667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.173%, SOFR + 1.450%, 01/16/30 (b) | 1500000 | &nbsp;&nbsp;&nbsp; 1521097 |
| NatWest Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.642%, 1Y H15 + 0.900%, 06/14/27 (b) | 2500000 | &nbsp;&nbsp;&nbsp; 2484807 |
| NatWest Markets PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.412%, 11/06/30 (144A) (a) | 1010000 | &nbsp;&nbsp;&nbsp; 996210 |
| PNC Financial Services Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, SOFR + 1.342%, 01/21/28 (b) | 600000 | &nbsp;&nbsp;&nbsp; 604104 |
| Royal Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.696%, SOFR + 1.060%, 08/06/31 (a) (b) | 1950000 | &nbsp;&nbsp;&nbsp; 1945662 |
| Santander Holdings USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.473%, SOFR + 1.610%, 03/20/29 (a) (b) | 2700000 | &nbsp;&nbsp;&nbsp; 2737577 |
| Santander U.K. Group Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.673%, SOFR + 0.989%, 06/14/27 (b) | 1800000 | &nbsp;&nbsp;&nbsp; 1788937 |
| Shinhan Bank Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 10/21/26 (144A) | 2500000 | &nbsp;&nbsp;&nbsp; 2462420 |
| Skandinaviska Enskilda Banken AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 03/12/31 (144A) (a) | 750000 | &nbsp;&nbsp;&nbsp; 743681 |
| Societe Generale SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.792%, 1Y H15 + 1.000%, 06/09/27 (144A) (a) (b) | 1500000 | &nbsp;&nbsp;&nbsp; 1492083 |
| Truist Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.435%, SOFR + 1.620%, 01/24/30 (a) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2047118 |
| UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 04/17/26 | 1200000 | &nbsp;&nbsp;&nbsp; 1199988 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 06/03/26 (a) | 3000000 | &nbsp;&nbsp;&nbsp; 2999526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.198%, SOFR + 1.500%, 01/23/30 (b) | 800000 | &nbsp;&nbsp;&nbsp; 812540 |

---

**BHFTI-111**

------

**Brighthouse Funds Trust I**

**Brighthouse/Franklin Low Duration 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)** |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.303%, SOFR + 1.790%, 10/23/29 (b) | 900000 | &nbsp;&nbsp;&nbsp; $937344 |
|  |  | &nbsp;&nbsp;&nbsp; 61484266 |
| **Beverages — 0.4%** | **Beverages — 0.4%** | **Beverages — 0.4%** |
| Coca-Cola Europacific Partners PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 01/15/27 (144A) (a) | 1600000 | &nbsp;&nbsp;&nbsp; 1563678 |
| Keurig Dr. Pepper, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 03/15/31 (a) | 865000 | &nbsp;&nbsp;&nbsp; 764064 |
|  |  | &nbsp;&nbsp;&nbsp; 2327742 |
| **Biotechnology — 0.1%** | **Biotechnology — 0.1%** | **Biotechnology — 0.1%** |
| Royalty Pharma PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 03/25/31 (a) | 635000 | &nbsp;&nbsp;&nbsp; 626593 |
| **Building Materials — 0.5%** | **Building Materials — 0.5%** | **Building Materials — 0.5%** |
| Carrier Global Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.493%, 02/15/27 | 1500000 | &nbsp;&nbsp;&nbsp; 1476013 |
| JH North America Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 01/31/31 (144A) | 25000 | &nbsp;&nbsp;&nbsp; 24792 |
| Owens Corning |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/15/27 (a) | 1300000 | &nbsp;&nbsp;&nbsp; 1315454 |
|  |  | &nbsp;&nbsp;&nbsp; 2816259 |
| **Chemicals — 0.2%** | **Chemicals — 0.2%** | **Chemicals — 0.2%** |
| Rain Carbon, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.250%, 09/01/29 (144A) (a) | 1100000 | &nbsp;&nbsp;&nbsp; 1131734 |
| **Commercial Services — 0.2%** | **Commercial Services — 0.2%** | **Commercial Services — 0.2%** |
| EquipmentShare.com, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 05/15/28 (144A) | 1100000 | &nbsp;&nbsp;&nbsp; 1136224 |
| **Cosmetics/Personal Care — 0.6%** | **Cosmetics/Personal Care — 0.6%** | **Cosmetics/Personal Care — 0.6%** |
| Haleon U.S. Capital LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 03/24/27 (a) | 3400000 | &nbsp;&nbsp;&nbsp; 3366753 |
| **Diversified Financial Services — 2.0%** | **Diversified Financial Services — 2.0%** | **Diversified Financial Services — 2.0%** |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/29/28 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 962585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 02/28/29 (a) | 155000 | &nbsp;&nbsp;&nbsp; 152903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 01/15/27 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1010888 |
| American Express Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.645%, SOFR + 0.750%, 04/23/27 (a) (b) | 2400000 | &nbsp;&nbsp;&nbsp; 2402439 |
| Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 01/31/28 (a) | 2500000 | &nbsp;&nbsp;&nbsp; 2470641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.493%, SOFR + 1.250%, 09/11/31 (a) (b) | 640000 | &nbsp;&nbsp;&nbsp; 628393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.722%, SOFR + 1.150%, 01/30/32 (a) (b) | 435000 | &nbsp;&nbsp;&nbsp; 428403 |
| CrossCountry Intermediate HoldCo LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/01/30 (144A) | 40000 | &nbsp;&nbsp;&nbsp; 38126 |
| Eagle Funding Luxco SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/17/30 (144A) | 340000 | &nbsp;&nbsp;&nbsp; 341785 |
| Freedom Mortgage Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 05/01/31 (144A) (a) | 300000 | &nbsp;&nbsp;&nbsp; 280472 |
| Gabx Leasing LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 04/15/31 (144A) (a) | 575000 | &nbsp;&nbsp;&nbsp; 566843 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Diversified Financial Services—(Continued)** | **Diversified Financial Services—(Continued)** | **Diversified Financial Services—(Continued)** |
| Jefferson Capital Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 02/15/29 (144A) | 700000 | &nbsp;&nbsp;&nbsp; $734446 |
| OneMain Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 05/15/29 (a) | 700000 | &nbsp;&nbsp;&nbsp; 700680 |
| Power Finance Corp. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 04/23/30 | 360000 | &nbsp;&nbsp;&nbsp; 347725 |
| SLM Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 01/31/30 | 300000 | &nbsp;&nbsp;&nbsp; 294514 |
|  |  | &nbsp;&nbsp;&nbsp; 11360843 |
| **Electric — 2.9%** | **Electric — 2.9%** | **Electric — 2.9%** |
| Constellation Energy Generation LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 01/15/31 (a) | 245000 | &nbsp;&nbsp;&nbsp; 241806 |
| Dominion Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.450%, 04/15/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1997558 |
| DTE Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 07/01/27 (a) | 800000 | &nbsp;&nbsp;&nbsp; 805174 |
| Duke Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 03/15/28 (a) | 4500000 | &nbsp;&nbsp;&nbsp; 4492092 |
| ENEL Finance International NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 09/30/30 (144A) (a) | 650000 | &nbsp;&nbsp;&nbsp; 638399 |
| Engie SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 04/10/29 (144A) (a) | 1400000 | &nbsp;&nbsp;&nbsp; 1431314 |
| Exelon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 04/15/26 (a) | 2000000 | &nbsp;&nbsp;&nbsp; 1998996 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.685%, 09/01/27 | 460000 | &nbsp;&nbsp;&nbsp; 462219 |
| Pacific Gas & Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 07/01/30 | 1600000 | &nbsp;&nbsp;&nbsp; 1578314 |
| Southern Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 10/01/30 (a) | 315000 | &nbsp;&nbsp;&nbsp; 310934 |
| Vistra Operations Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 05/01/29 (144A) (a) | 1200000 | &nbsp;&nbsp;&nbsp; 1171648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 01/31/31 (144A) (a) | 370000 | &nbsp;&nbsp;&nbsp; 364043 |
| Xcel Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 06/01/30 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 954832 |
|  |  | &nbsp;&nbsp;&nbsp; 16447329 |
| **Electrical Components & Equipment — 0.2%** | **Electrical Components & Equipment — 0.2%** | **Electrical Components & Equipment — 0.2%** |
| WESCO Distribution, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/15/29 (144A) (a) | 1100000 | &nbsp;&nbsp;&nbsp; 1119700 |
| **Electronics — 0.1%** | **Electronics — 0.1%** | **Electronics — 0.1%** |
| Amphenol Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 11/15/28 (a) | 420000 | &nbsp;&nbsp;&nbsp; 416880 |
| **Entertainment — 0.4%** | **Entertainment — 0.4%** | **Entertainment — 0.4%** |
| Banijay Entertainment SAS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 05/01/29 (144A) | 600000 | &nbsp;&nbsp;&nbsp; 615964 |
| Caesars Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 10/15/29 (144A) (a) | 1200000 | &nbsp;&nbsp;&nbsp; 1154274 |
| Discovery Global Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.755%, 03/15/27 | 278000 | &nbsp;&nbsp;&nbsp; 274592 |
| Rivers Enterprise Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/15/30 (144A) (a) | 330000 | &nbsp;&nbsp;&nbsp; 329167 |
|  |  | &nbsp;&nbsp;&nbsp; 2373997 |

---

**BHFTI-112**

------

**Brighthouse Funds Trust I**

**Brighthouse/Franklin Low Duration 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>|
| **Food — 0.7%** | **Food — 0.7%** | **Food — 0.7%** |
| Mars, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 03/01/30 (144A) (a) | 2585000 | &nbsp;&nbsp;&nbsp; $2612205 |
| McCormick & Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 02/15/29 (a) | 205000 | &nbsp;&nbsp;&nbsp; 203011 |
| Sysco Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 01/17/29 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 1130991 |
|  |  | &nbsp;&nbsp;&nbsp; 3946207 |
| **Gas — 0.1%** | **Gas — 0.1%** | **Gas — 0.1%** |
| Southern Co. Gas Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, 09/15/28 | 320000 | &nbsp;&nbsp;&nbsp; 317646 |
| **Healthcare-Products — 0.6%** | **Healthcare-Products — 0.6%** | **Healthcare-Products — 0.6%** |
| Baxter International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.915%, 02/01/27 | 1305000 | &nbsp;&nbsp;&nbsp; 1274138 |
| GE HealthCare Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 12/15/28 (a) | 310000 | &nbsp;&nbsp;&nbsp; 307976 |
| Medline Borrower LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 04/01/29 (144A) | 1960000 | &nbsp;&nbsp;&nbsp; 1896029 |
|  |  | &nbsp;&nbsp;&nbsp; 3478143 |
| **Healthcare-Services — 0.8%** | **Healthcare-Services — 0.8%** | **Healthcare-Services — 0.8%** |
| CHS/Community Health Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/15/29 (144A) | 1100000 | &nbsp;&nbsp;&nbsp; 1087625 |
| Icon Investments Six DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.809%, 05/08/27 (a) | 1700000 | &nbsp;&nbsp;&nbsp; 1708608 |
| IQVIA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 02/01/29 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1039336 |
| Kedrion SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 09/01/29 (144A) (a) | 500000 | &nbsp;&nbsp;&nbsp; 482343 |
|  |  | &nbsp;&nbsp;&nbsp; 4317912 |
| **Home Builders — 0.5%** | **Home Builders — 0.5%** | **Home Builders — 0.5%** |
| DR Horton, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 10/15/30 | 1500000 | &nbsp;&nbsp;&nbsp; 1512240 |
| Toll Brothers Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 02/15/28 (a) | 1500000 | &nbsp;&nbsp;&nbsp; 1493566 |
|  |  | &nbsp;&nbsp;&nbsp; 3005806 |
| **Insurance — 2.1%** | **Insurance — 2.1%** | **Insurance — 2.1%** |
| Acrisure LLC/Acrisure Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 06/15/29 (144A) | 300000 | &nbsp;&nbsp;&nbsp; 297154 |
| AEGON Funding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/16/27 (144A) (a) | 2100000 | &nbsp;&nbsp;&nbsp; 2118468 |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 11/01/29 (144A) | 600000 | &nbsp;&nbsp;&nbsp; 580518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 04/15/28 (144A) (a) | 700000 | &nbsp;&nbsp;&nbsp; 703815 |
| Athene Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.516%, 03/25/27 (144A) | 2000000 | &nbsp;&nbsp;&nbsp; 2016192 |
| Brown & Brown, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 06/23/30 (a) | 345000 | &nbsp;&nbsp;&nbsp; 344532 |
| Corebridge Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 09/19/28 (144A) (a) | 1300000 | &nbsp;&nbsp;&nbsp; 1339089 |
| F&G Annuities & Life, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/04/29 | 300000 | &nbsp;&nbsp;&nbsp; 301254 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Insurance—(Continued)** | **Insurance—(Continued)** | **Insurance—(Continued)** |
| GA Global Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 09/23/27 (144A) (a) | 2150000 | &nbsp;&nbsp;&nbsp; $2136281 |
| Northwestern Mutual Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 06/12/28 (144A) (a) | 1150000 | &nbsp;&nbsp;&nbsp; 1162823 |
| RGA Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.448%, 05/24/29 (144A) (a) | 500000 | &nbsp;&nbsp;&nbsp; 512168 |
|  |  | &nbsp;&nbsp;&nbsp; 11512294 |
| **Internet — 0.7%** | **Internet — 0.7%** | **Internet — 0.7%** |
| Airbnb, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 03/16/31 | 255000 | &nbsp;&nbsp;&nbsp; 254425 |
| Alphabet, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 11/15/30 (a) | 850000 | &nbsp;&nbsp;&nbsp; 844206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 02/15/31 (a) | 655000 | &nbsp;&nbsp;&nbsp; 650448 |
| Amazon.com, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 11/20/30 (a) | 385000 | &nbsp;&nbsp;&nbsp; 380489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/13/31 | 535000 | &nbsp;&nbsp;&nbsp; 531057 |
| Meta Platforms, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 11/15/30 (a) | 1415000 | &nbsp;&nbsp;&nbsp; 1401270 |
|  |  | &nbsp;&nbsp;&nbsp; 4061895 |
| **Leisure Time — 0.1%** | **Leisure Time — 0.1%** | **Leisure Time — 0.1%** |
| Carnival Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 03/15/30 (144A) | 400000 | &nbsp;&nbsp;&nbsp; 403173 |
| **Lodging — 0.2%** | **Lodging — 0.2%** | **Lodging — 0.2%** |
| Sands China Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.300%, 03/08/27 | 1200000 | &nbsp;&nbsp;&nbsp; 1171233 |
| **Machinery-Construction & Mining — 0.1%** | **Machinery-Construction & Mining — 0.1%** | **Machinery-Construction & Mining — 0.1%** |
| Eaton Capital ULC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 05/09/30 (a) | 520000 | &nbsp;&nbsp;&nbsp; 519557 |
| **Machinery-Diversified — 0.0%** | **Machinery-Diversified — 0.0%** | **Machinery-Diversified — 0.0%** |
| Esab Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 04/01/31 (144A) | 60000 | &nbsp;&nbsp;&nbsp; 60420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 04/15/29 (144A) (a) | 200000 | &nbsp;&nbsp;&nbsp; 202980 |
|  |  | &nbsp;&nbsp;&nbsp; 263400 |
| **Media — 0.2%** | **Media — 0.2%** | **Media — 0.2%** |
| Block Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.250%, 03/01/31 (144A) (a) | 90000 | &nbsp;&nbsp;&nbsp; 82345 |
| Directv Financing LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 02/01/30 (144A) (a) | 550000 | &nbsp;&nbsp;&nbsp; 548776 |
| Directv Financing LLC/Directv Financing Co-Obligor, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 08/15/27 (144A) (a) | 247000 | &nbsp;&nbsp;&nbsp; 246740 |
|  |  | &nbsp;&nbsp;&nbsp; 877861 |
| **Mining — 0.4%** | **Mining — 0.4%** | **Mining — 0.4%** |
| Anglo American Capital PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/19/31 (144A) | 625000 | &nbsp;&nbsp;&nbsp; 617845 |
| Corp. Nacional del Cobre de Chile |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/30/29 | 250000 | &nbsp;&nbsp;&nbsp; 234623 |
| Glencore Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.907%, 04/01/28 (144A) | 1110000 | &nbsp;&nbsp;&nbsp; 1118362 |
|  |  | &nbsp;&nbsp;&nbsp; 1970830 |

---

**BHFTI-113**

------

**Brighthouse Funds Trust I**

**Brighthouse/Franklin Low Duration 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>|
| **Miscellaneous Manufacturing — 0.1%** | **Miscellaneous Manufacturing — 0.1%** | **Miscellaneous Manufacturing — 0.1%** |
| Eaton Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 03/06/31 (a) | 490000 | &nbsp;&nbsp;&nbsp; $482911 |
| **Multi-National — 0.2%** | **Multi-National — 0.2%** | **Multi-National — 0.2%** |
| Banque Ouest Africaine de Developpement |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/27/27 (144A) | 1300000 | &nbsp;&nbsp;&nbsp; 1292035 |
| **Oil & Gas — 1.1%** | **Oil & Gas — 1.1%** | **Oil & Gas — 1.1%** |
| Harbour Energy PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/15/26 (144A) | 2200000 | &nbsp;&nbsp;&nbsp; 2186299 |
| KazMunayGas National Co. JSC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 04/24/30 | 460000 | &nbsp;&nbsp;&nbsp; 464386 |
| Pertamina Hulu Energi PT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 05/21/30 (144A) | 340000 | &nbsp;&nbsp;&nbsp; 340824 |
| Petronas Capital Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 01/03/31 (144A) | 455000 | &nbsp;&nbsp;&nbsp; 465033 |
| Sunoco LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 05/01/29 (144A) (a) | 700000 | &nbsp;&nbsp;&nbsp; 718031 |
| Transocean International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 02/15/30 (144A) | 280000 | &nbsp;&nbsp;&nbsp; 291254 |
| Var Energi ASA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 01/15/28 (144A) | 1400000 | &nbsp;&nbsp;&nbsp; 1464503 |
| Viper Energy Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 08/01/30 (a) | 244000 | &nbsp;&nbsp;&nbsp; 243839 |
|  |  | &nbsp;&nbsp;&nbsp; 6174169 |
| **Oil & Gas Services — 0.0%** | **Oil & Gas Services — 0.0%** | **Oil & Gas Services — 0.0%** |
| Kodiak Gas Services LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 04/01/31 (144A) | 105000 | &nbsp;&nbsp;&nbsp; 105520 |
| **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** |
| AptarGroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 03/30/31 | 360000 | &nbsp;&nbsp;&nbsp; 356782 |
| Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo U.S. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 05/15/30 (144A) (a) | 200000 | &nbsp;&nbsp;&nbsp; 176626 |
|  |  | &nbsp;&nbsp;&nbsp; 533408 |
| **Pharmaceuticals — 1.6%** | **Pharmaceuticals — 1.6%** | **Pharmaceuticals — 1.6%** |
| AbbVie, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 03/15/31 (a) | 495000 | &nbsp;&nbsp;&nbsp; 487817 |
| Bayer U.S. Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 01/21/29 (144A) | 2500000 | &nbsp;&nbsp;&nbsp; 2596629 |
| CVS Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 02/28/31 (a) | 220000 | &nbsp;&nbsp;&nbsp; 192076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 03/25/28 (a) | 1600000 | &nbsp;&nbsp;&nbsp; 1594329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/30/29 (a) | 1500000 | &nbsp;&nbsp;&nbsp; 1519507 |
| Novartis Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 11/05/30 (a) | 1235000 | &nbsp;&nbsp;&nbsp; 1221243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 03/18/31 (a) | 990000 | &nbsp;&nbsp;&nbsp; 989787 |
| Teva Pharmaceutical Finance Netherlands III BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 05/09/27 (a) | 303000 | &nbsp;&nbsp;&nbsp; 302303 |
|  |  | &nbsp;&nbsp;&nbsp; 8903691 |
| **Pipelines — 1.0%** | **Pipelines — 1.0%** | **Pipelines — 1.0%** |
| Energy Transfer LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 07/15/26 | 1200000 | &nbsp;&nbsp;&nbsp; 1198633 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Pipelines—(Continued)** | **Pipelines—(Continued)** | **Pipelines—(Continued)** |
| Hess Midstream Operations LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/01/28 (144A) (a) | 150000 | &nbsp;&nbsp;&nbsp; $150963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/01/29 (144A) | 250000 | &nbsp;&nbsp;&nbsp; 255381 |
| MPLX LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 02/15/31 (a) | 1900000 | &nbsp;&nbsp;&nbsp; 1904348 |
| ONEOK, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 07/15/26 (a) | 1100000 | &nbsp;&nbsp;&nbsp; 1100260 |
| Targa Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 04/15/31 | 280000 | &nbsp;&nbsp;&nbsp; 274108 |
| Venture Global LNG, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 06/01/28 (144A) (a) | 600000 | &nbsp;&nbsp;&nbsp; 613633 |
|  |  | &nbsp;&nbsp;&nbsp; 5497326 |
| **Real Estate Investment Trusts — 1.6%** | **Real Estate Investment Trusts — 1.6%** | **Real Estate Investment Trusts — 1.6%** |
| Crown Castle, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.050%, 07/15/26 (a) | 733000 | &nbsp;&nbsp;&nbsp; 725973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 06/15/26 | 2367000 | &nbsp;&nbsp;&nbsp; 2363201 |
| Equinix Asia Financing Corp. Pte. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 03/15/31 | 425000 | &nbsp;&nbsp;&nbsp; 416030 |
| Iron Mountain, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 09/15/27 (144A) | 1400000 | &nbsp;&nbsp;&nbsp; 1397298 |
| Millrose Properties, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 08/01/30 (144A) | 550000 | &nbsp;&nbsp;&nbsp; 549829 |
| MPT Operating Partnership LP/MPT Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/15/27 (a) | 850000 | &nbsp;&nbsp;&nbsp; 791210 |
| Prologis Targeted U.S. Logistics Fund LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 04/01/29 (144A) (a) | 500000 | &nbsp;&nbsp;&nbsp; 509477 |
| RHP Hotel Properties LP/RHP Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/15/29 (144A) (a) | 600000 | &nbsp;&nbsp;&nbsp; 581638 |
| VICI Properties LP/VICI Note Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 02/15/27 (144A) | 1500000 | &nbsp;&nbsp;&nbsp; 1488578 |
|  |  | &nbsp;&nbsp;&nbsp; 8823234 |
| **Retail — 0.5%** | **Retail — 0.5%** | **Retail — 0.5%** |
| Dick's Sporting Goods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/29 (144A) | 2830000 | &nbsp;&nbsp;&nbsp; 2753653 |
| KSouth Africa Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/31/49 (144A) † (c) (d) (e) | 712186 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25.000%, 12/31/49 (144A) † (c) (d) (e) | 313720 | &nbsp;&nbsp;&nbsp; 0 |
|  |  | &nbsp;&nbsp;&nbsp; 2753653 |
| **Semiconductors — 0.4%** | **Semiconductors — 0.4%** | **Semiconductors — 0.4%** |
| Foundry JV Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 01/25/30 (144A) (a) | 1900000 | &nbsp;&nbsp;&nbsp; 1966305 |
| **Software — 0.7%** | **Software — 0.7%** | **Software — 0.7%** |
| Fiserv, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 06/01/27 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 973204 |
| Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 09/26/30 (a) | 445000 | &nbsp;&nbsp;&nbsp; 428838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 02/04/29 (a) | 1195000 | &nbsp;&nbsp;&nbsp; 1179897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 02/04/31 (a) | 665000 | &nbsp;&nbsp;&nbsp; 650663 |
| Salesforce, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/15/28 (a) | 715000 | &nbsp;&nbsp;&nbsp; 715184 |
|  |  | &nbsp;&nbsp;&nbsp; 3947786 |

---

**BHFTI-114**

------

**Brighthouse Funds Trust I**

**Brighthouse/Franklin Low Duration 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>|
| **Telecommunications — 1.1%** | **Telecommunications — 1.1%** | **Telecommunications — 1.1%** |
| APLD ComputeCo 2 LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/15/31 (144A) | 135000 | &nbsp;&nbsp;&nbsp; $134017 |
| APLD ComputeCo LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 12/15/30 (144A) (a) | 205000 | &nbsp;&nbsp;&nbsp; 211216 |
| AT&T, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.300%, 06/01/27 (a) | 400000 | &nbsp;&nbsp;&nbsp; 390998 |
| Black Pearl Compute LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 02/15/31 (144A) (a) | 80000 | &nbsp;&nbsp;&nbsp; 81424 |
| Cipher Compute LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 11/15/30 (144A) (a) | 100000 | &nbsp;&nbsp;&nbsp; 103603 |
| Connect Finco SARL/Connect U.S. Finco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 09/15/29 (144A) (a) | 600000 | &nbsp;&nbsp;&nbsp; 630324 |
| Motorola Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 08/15/30 (a) | 1015000 | &nbsp;&nbsp;&nbsp; 1022062 |
| SV RNO Property Owner 1 LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/01/31 (144A) | 120000 | &nbsp;&nbsp;&nbsp; 118619 |
| T-Mobile USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 03/15/28 (a) | 3000000 | &nbsp;&nbsp;&nbsp; 3031171 |
| WULF Compute LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 10/15/30 (144A) (a) | 160000 | &nbsp;&nbsp;&nbsp; 169069 |
|  |  | &nbsp;&nbsp;&nbsp; 5892503 |
| **Toys/Games/Hobbies — 0.2%** | **Toys/Games/Hobbies — 0.2%** | **Toys/Games/Hobbies — 0.2%** |
| Hasbro, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 03/12/31 (a) | 1230000 | &nbsp;&nbsp;&nbsp; 1214650 |
| **Transportation — 0.0%** | **Transportation — 0.0%** | **Transportation — 0.0%** |
| Beacon Mobility Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 08/01/30 (144A) | 35000 | &nbsp;&nbsp;&nbsp; 36154 |
| **Trucking & Leasing — 0.5%** | **Trucking & Leasing — 0.5%** | **Trucking & Leasing — 0.5%** |
| Avolon Holdings Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 10/10/30 (144A) (a) | 665000 | &nbsp;&nbsp;&nbsp; 660367 |
| SMBC Aviation Capital Finance DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 04/01/30 (144A) | 2100000 | &nbsp;&nbsp;&nbsp; 2117110 |
|  |  | &nbsp;&nbsp;&nbsp; 2777477 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $207,039,313) <br>|  | &nbsp;&nbsp;&nbsp; 206233640 |
| **Asset-Backed Securities—17.4%** | **Asset-Backed Securities—17.4%** | **Asset-Backed Securities—17.4%** |
| **Asset-Backed - Automobile — 3.5%** | **Asset-Backed - Automobile — 3.5%** | **Asset-Backed - Automobile — 3.5%** |
| Ford Credit Auto Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.090%, 12/15/28 | 1805761 | &nbsp;&nbsp;&nbsp; 1818118 |
| GM Financial Consumer Automobile Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 12/18/28 | 2632658 | &nbsp;&nbsp;&nbsp; 2642863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.780%, 08/16/28 | 1419505 | &nbsp;&nbsp;&nbsp; 1431632 |
| Honda Auto Receivables Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.410%, 02/18/28 | 1126039 | &nbsp;&nbsp;&nbsp; 1131813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.670%, 06/21/28 | 1245965 | &nbsp;&nbsp;&nbsp; 1256794 |
| Hyundai Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 08/15/28 | 3011266 | &nbsp;&nbsp;&nbsp; 3016713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.990%, 02/15/29 | 1007019 | &nbsp;&nbsp;&nbsp; 1012843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.480%, 04/17/28 | 475072 | &nbsp;&nbsp;&nbsp; 477363 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Automobile—(Continued)** | **Asset-Backed - Automobile—(Continued)** | **Asset-Backed - Automobile—(Continued)** |
| Nissan Auto Receivables Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.910%, 11/15/27 | 1187878 | &nbsp;&nbsp;&nbsp; $1190141 |
| Tesla Electric Vehicle Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.380%, 06/20/28 (144A) | 1230112 | &nbsp;&nbsp;&nbsp; 1238638 |
| Toyota Auto Receivables Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.830%, 10/16/28 | 1581797 | &nbsp;&nbsp;&nbsp; 1588623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.330%, 01/16/29 | 2258827 | &nbsp;&nbsp;&nbsp; 2278683 |
| Truist Bank Auto Credit-Linked Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.728%, 09/26/33 (144A) | 697286 | &nbsp;&nbsp;&nbsp; 697076 |
|  |  | &nbsp;&nbsp;&nbsp; 19781300 |
| **Asset-Backed - Credit Card — 0.7%** | **Asset-Backed - Credit Card — 0.7%** | **Asset-Backed - Credit Card — 0.7%** |
| American Express Credit Account Master Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.870%, 05/15/28 | 3620000 | &nbsp;&nbsp;&nbsp; 3623603 |
| **Asset-Backed - Home Equity — 0.9%** | **Asset-Backed - Home Equity — 0.9%** | **Asset-Backed - Home Equity — 0.9%** |
| Angel Oak Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.462%, SOFR30A + 1.800%, 02/25/55 (144A) (b) | 231964 | &nbsp;&nbsp;&nbsp; 232825 |
| BRAVO Residential Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.012%, SOFR30A + 1.350%, 09/25/72 (144A) (b) | 1706274 | &nbsp;&nbsp;&nbsp; 1707010 |
| FIGRE Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.053%, 11/25/55 (144A) (f) | 612564 | &nbsp;&nbsp;&nbsp; 609093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.265%, 07/25/55 (144A) (f) | 261445 | &nbsp;&nbsp;&nbsp; 261197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.285%, 08/25/55 (144A) (b) | 339476 | &nbsp;&nbsp;&nbsp; 338555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.408%, 07/25/55 (144A) (b) | 385173 | &nbsp;&nbsp;&nbsp; 385483 |
| GS Mortgage-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.180%, 09/25/55 (144A) (f) | 508791 | &nbsp;&nbsp;&nbsp; 507093 |
| JP Morgan Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.023%, SOFR30A + 1.350%, 03/20/56 (144A) (b) | 371654 | &nbsp;&nbsp;&nbsp; 372435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.373%, SOFR30A + 1.700%, 03/20/54 (144A) (b) | 163327 | &nbsp;&nbsp;&nbsp; 163628 |
| Towd Point Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.848%, 01/25/64 (144A) (b) | 514670 | &nbsp;&nbsp;&nbsp; 515520 |
|  |  | &nbsp;&nbsp;&nbsp; 5092839 |
| **Asset-Backed - Other — 12.3%** | **Asset-Backed - Other — 12.3%** | **Asset-Backed - Other — 12.3%** |
| AGL CLO 13 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.768%, 3M TSFR + 1.100%, 10/20/34 (144A) (b) | 850000 | &nbsp;&nbsp;&nbsp; 849118 |
| Apex Credit CLO LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.848%, 3M TSFR + 1.180%, 10/20/34 (144A) (b) | 2300000 | &nbsp;&nbsp;&nbsp; 2297689 |
| Apidos CLO XXXII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.768%, 3M TSFR + 1.100%, 01/20/33 (144A) (b) | 1007493 | &nbsp;&nbsp;&nbsp; 1008839 |
| Bain Capital Credit CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.658%, 3M TSFR + 0.990%, 04/18/33 (144A) (b) | 1423120 | &nbsp;&nbsp;&nbsp; 1421989 |
| Basswood Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.698%, 3M TSFR + 1.030%, 04/20/34 (144A) (b) | 800000 | &nbsp;&nbsp;&nbsp; 798599 |
| Battalion CLO IX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.632%, 3M TSFR + 0.960%, 07/15/31 (144A) (b) | 1127257 | &nbsp;&nbsp;&nbsp; 1127516 |
| Beechwood Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.738%, 3M TSFR + 1.070%, 01/17/35 (144A) (b) | 3000000 | &nbsp;&nbsp;&nbsp; 2994711 |
| Bellemeade RE Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.512%, SOFR30A + 3.850%, 09/25/31 (144A) (b) | 494000 | &nbsp;&nbsp;&nbsp; 507810 |
| BlueMountain CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.853%, 3M TSFR + 1.200%, 11/15/30 (144A) (b) | 427260 | &nbsp;&nbsp;&nbsp; 427186 |
| Buckhorn Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.738%, 3M TSFR + 1.070%, 07/18/34 (144A) (b) | 900000 | &nbsp;&nbsp;&nbsp; 898492 |

---

**BHFTI-115**

------

**Brighthouse Funds Trust I**

**Brighthouse/Franklin Low Duration 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)** |
| Carlyle Global Market Strategies CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.588%, 3M TSFR + 0.920%, 07/20/32 (144A) (b) | 941515 | &nbsp;&nbsp;&nbsp; $942512 |
| CF Hippolyta Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.690%, 07/15/60 (144A) | 1120589 | &nbsp;&nbsp;&nbsp; 938885 |
| Compass Datacenters Issuer II LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.926%, 11/25/50 (144A) | 671000 | &nbsp;&nbsp;&nbsp; 660391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.022%, 08/25/49 (144A) | 286000 | &nbsp;&nbsp;&nbsp; 283617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.316%, 05/25/50 (144A) | 307000 | &nbsp;&nbsp;&nbsp; 305098 |
| Countrywide Asset-Backed Certificates Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.543%, 1M TSFR + 0.864%, 03/25/34 (b) | 18723 | &nbsp;&nbsp;&nbsp; 19485 |
| Dryden 68 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.772%, 3M TSFR + 1.100%, 07/15/35 (144A) (b) | 2250000 | &nbsp;&nbsp;&nbsp; 2248886 |
| Dryden 80 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.618%, 3M TSFR + 0.950%, 01/17/33 (144A) (b) | 2356067 | &nbsp;&nbsp;&nbsp; 2354724 |
| Elevation CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.588%, 3M TSFR + 0.920%, 10/20/31 (144A) (b) | 1512 | &nbsp;&nbsp;&nbsp; 1512 |
| Flatiron CLO 28 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.752%, 3M TSFR + 1.080%, 07/15/36 (144A) (b) | 3610000 | &nbsp;&nbsp;&nbsp; 3607181 |
| GoldenTree Loan Management U.S. CLO 11 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.748%, 3M TSFR + 1.080%, 10/20/34 (144A) (b) | 3200000 | &nbsp;&nbsp;&nbsp; 3199773 |
| Home Partners of America Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.649%, 01/17/41 (144A) | 475750 | &nbsp;&nbsp;&nbsp; 445573 |
| Home Re Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.862%, SOFR30A + 1.200%, 01/25/36 (144A) (b) | 293000 | &nbsp;&nbsp;&nbsp; 292946 |
| JP Morgan Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.873%, SOFR30A + 1.200%, 02/25/55 (144A) (b) | 403716 | &nbsp;&nbsp;&nbsp; 403809 |
| Juniper Valley Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.748%, 3M TSFR + 1.080%, 07/20/36 (144A) (b) | 1200000 | &nbsp;&nbsp;&nbsp; 1197406 |
| LCM 34 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.848%, 3M TSFR + 1.180%, 10/20/34 (144A) (b) | 1700000 | &nbsp;&nbsp;&nbsp; 1698008 |
| Madison Park Funding XLV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.752%, 3M TSFR + 1.080%, 07/15/34 (144A) (b) | 2500000 | &nbsp;&nbsp;&nbsp; 2492835 |
| Marble Point CLO XV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.711%, 3M TSFR + 1.040%, 07/23/32 (144A) (b) | 548323 | &nbsp;&nbsp;&nbsp; 547902 |
| Neuberger Berman Loan Advisers CLO 43Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.718%, 3M TSFR + 1.050%, 07/17/36 (144A) (b) | 400000 | &nbsp;&nbsp;&nbsp; 399778 |
| Neuberger Berman Loan Advisers CLO 50 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.699%, 3M TSFR + 1.040%, 07/23/36 (144A) (b) | 300000 | &nbsp;&nbsp;&nbsp; 299294 |
| Neuberger Berman Loan Advisers CLO 51 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.668%, 3M TSFR + 1.000%, 10/23/36 (144A) (b) | 2850000 | &nbsp;&nbsp;&nbsp; 2849188 |
| New Economy Assets - Phase 1 Sponsor LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.910%, 10/20/61 (144A) | 5010000 | &nbsp;&nbsp;&nbsp; 4205296 |
| Octagon Investment Partners 45 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.822%, 3M TSFR + 1.150%, 04/15/35 (144A) (b) | 1200000 | &nbsp;&nbsp;&nbsp; 1199054 |
| PK Alift Loan Funding 7 LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 03/15/43 (144A) | 283045 | &nbsp;&nbsp;&nbsp; 281646 |
| PK ALIFT Loan Funding 8 LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.614%, 09/15/43 (144A) | 427000 | &nbsp;&nbsp;&nbsp; 421564 |
| Pretium Mortgage Credit Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.968%, 02/25/56 (144A) (f) | 2190253 | &nbsp;&nbsp;&nbsp; 2172297 |
| RAAC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.493%, 1M TSFR + 0.814%, 03/25/34 (b) | 30311 | &nbsp;&nbsp;&nbsp; 30261 |
| RR 14 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.054%, 3M TSFR + 1.382%, 04/15/36 (144A) (b) | 5382000 | &nbsp;&nbsp;&nbsp; 5381548 |
| Sabey Data Center Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.482%, 01/20/51 (144A) | 1091000 | &nbsp;&nbsp;&nbsp; 1082473 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| Sound Point CLO XXII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.698%, 3M TSFR + 1.030%, 01/20/32 (144A) (b) | 591642 | &nbsp;&nbsp;&nbsp; $591389 |
| Sound Point CLO XXXII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.960%, 3M TSFR + 1.030%, 10/25/34 (144A) (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1999138 |
| Southwick Park CLO LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.668%, 3M TSFR + 1.000%, 07/20/32 (144A) (b) | 1002259 | &nbsp;&nbsp;&nbsp; 1001581 |
| Symphony CLO XXIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.572%, 3M TSFR + 0.900%, 01/15/34 (144A) (b) | 725464 | &nbsp;&nbsp;&nbsp; 725184 |
| TCI-Flatiron CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.621%, 3M TSFR + 0.950%, 07/29/35 (144A) (b) | 2126546 | &nbsp;&nbsp;&nbsp; 2124904 |
| TCW CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.718%, 3M TSFR + 1.050%, 04/20/34 (144A) (b) | 1700000 | &nbsp;&nbsp;&nbsp; 1697477 |
| Trinitas CLO XII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.718%, 3M TSFR + 1.050%, 04/25/33 (144A) (b) | 783310 | &nbsp;&nbsp;&nbsp; 782690 |
| VCAT LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.062%, 02/25/56 (144A) (f) | 1725226 | &nbsp;&nbsp;&nbsp; 1717456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.101%, 01/25/56 (144A) (f) | 327285 | &nbsp;&nbsp;&nbsp; 325454 |
| Venture 41 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.798%, 3M TSFR + 1.130%, 01/20/34 (144A) (b) | 2500000 | &nbsp;&nbsp;&nbsp; 2500140 |
| Wellfleet CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.872%, 3M TSFR + 1.200%, 01/15/35 (144A) (b) | 2900000 | &nbsp;&nbsp;&nbsp; 2894768 |
|  |  | &nbsp;&nbsp;&nbsp; 68655072 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities <br>(Cost $98,131,106) <br>|  | &nbsp;&nbsp;&nbsp; 97152814 |
| **U.S. Treasury & Government Agencies—16.6%** | **U.S. Treasury & Government Agencies—16.6%** | **U.S. Treasury & Government Agencies—16.6%** |
| **U.S. Treasury — 16.6%** | **U.S. Treasury — 16.6%** | **U.S. Treasury — 16.6%** |
| U.S. Treasury Inflation-Indexed Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.125%, 04/15/26 (a) (g) | 8804639 | &nbsp;&nbsp;&nbsp; 8810251 |
| U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.500%, 08/31/27 (h) | 2800000 | &nbsp;&nbsp;&nbsp; 2672141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 08/15/28 | 1300000 | &nbsp;&nbsp;&nbsp; 1272578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 12/31/28 | 2800000 | &nbsp;&nbsp;&nbsp; 2794422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/31/29 | 18100000 | &nbsp;&nbsp;&nbsp; 18172117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 04/30/29 | 22600000 | &nbsp;&nbsp;&nbsp; 23112031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 09/30/30 | 21800000 | &nbsp;&nbsp;&nbsp; 22419086 |
| U.S. Treasury STRIPS Coupon |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 11/15/27 (a) | 14400000 | &nbsp;&nbsp;&nbsp; 13537094 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury & Government Agencies <br>(Cost $92,924,064) <br>|  | &nbsp;&nbsp;&nbsp; 92789720 |
| **Non-Agency Mortgage-Backed Securities—11.0%** | **Non-Agency Mortgage-Backed Securities—11.0%** | **Non-Agency Mortgage-Backed Securities—11.0%** |
| **Collateralized Mortgage Obligations — 6.5%** | **Collateralized Mortgage Obligations — 6.5%** | **Collateralized Mortgage Obligations — 6.5%** |
| A&D Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.733%, 07/25/68 (144A) (f) | 344646 | &nbsp;&nbsp;&nbsp; 345817 |
| Adjustable Rate Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.059%, 02/25/35 (b) | 81565 | &nbsp;&nbsp;&nbsp; 81221 |
| BRAVO Residential Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/25/44 (144A) (b) | 530609 | &nbsp;&nbsp;&nbsp; 509184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.191%, 03/25/64 (144A) (f) | 1078725 | &nbsp;&nbsp;&nbsp; 1085134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.285%, 02/25/64 (144A) (f) | 210572 | &nbsp;&nbsp;&nbsp; 211758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.394%, 10/25/63 (144A) (f) | 596438 | &nbsp;&nbsp;&nbsp; 598998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.435%, 05/25/63 (144A) (f) | 1473104 | &nbsp;&nbsp;&nbsp; 1472302 |

---

**BHFTI-116**

------

**Brighthouse Funds Trust I**

**Brighthouse/Franklin Low Duration Total Return 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)** |
| BRAVO Residential Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.505%, 06/25/63 (144A) (f) | 137534 | &nbsp;&nbsp;&nbsp; $137649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.602%, 09/25/63 (144A) (f) | 259068 | &nbsp;&nbsp;&nbsp; 259675 |
| CAFL Issuer LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.684%, 05/28/40 (144A) (f) | 227000 | &nbsp;&nbsp;&nbsp; 227729 |
| Chase Home Lending Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.762%, SOFR30A + 1.100%, 11/25/56 (144A) (b) | 1690085 | &nbsp;&nbsp;&nbsp; 1672918 |
| CHL Mortgage Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.943%, 07/25/34 (b) | 120721 | &nbsp;&nbsp;&nbsp; 115750 |
| COLT Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.607%, 05/25/69 (144A) (f) | 1228706 | &nbsp;&nbsp;&nbsp; 1234003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.835%, 02/25/69 (144A) (f) | 659785 | &nbsp;&nbsp;&nbsp; 661339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.903%, 12/25/68 (144A) (f) | 381992 | &nbsp;&nbsp;&nbsp; 383124 |
| Credit Suisse First Boston Mortgage Securities Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/25/38 | 33234 | &nbsp;&nbsp;&nbsp; 18371 |
| Cross Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.883%, 04/25/70 (144A) (b) | 276541 | &nbsp;&nbsp;&nbsp; 278798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.085%, 12/25/68 (144A) (f) | 870292 | &nbsp;&nbsp;&nbsp; 873898 |
| Deephaven Residential Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.735%, 07/25/69 (144A) (f) | 672846 | &nbsp;&nbsp;&nbsp; 677976 |
| GS Mortgage-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.912%, SOFR30A + 1.250%, 06/25/56 (144A) (b) | 132818 | &nbsp;&nbsp;&nbsp; 133021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.962%, SOFR30A + 1.300%, 02/25/56 (144A) (b) | 184899 | &nbsp;&nbsp;&nbsp; 185099 |
| HOMES Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.554%, 01/25/70 (144A) (f) | 2438081 | &nbsp;&nbsp;&nbsp; 2445451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.915%, 07/25/69 (144A) (f) | 324942 | &nbsp;&nbsp;&nbsp; 327535 |
| Imperial Fund Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.941%, 02/25/68 (144A) (f) | 503198 | &nbsp;&nbsp;&nbsp; 501494 |
| JP Morgan Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/25/52 (144A) (b) | 589939 | &nbsp;&nbsp;&nbsp; 527557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.919%, 06/25/54 (144A) (f) | 239610 | &nbsp;&nbsp;&nbsp; 240692 |
| LHOME Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.612%, 04/25/40 (144A) (b) | 185000 | &nbsp;&nbsp;&nbsp; 185584 |
| Merrill Lynch Mortgage Investors Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.533%, 1M TSFR + 0.854%, 03/25/28 (b) | 20300 | &nbsp;&nbsp;&nbsp; 18717 |
| Mill City Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 05/25/62 (144A) (b) | 42726 | &nbsp;&nbsp;&nbsp; 42562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/25/66 (144A) (b) | 627009 | &nbsp;&nbsp;&nbsp; 616024 |
| Morgan Stanley Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.012%, SOFR30A + 1.350%, 09/25/54 (144A) (b) | 446889 | &nbsp;&nbsp;&nbsp; 447287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.152%, 12/25/68 (144A) (f) | 752583 | &nbsp;&nbsp;&nbsp; 756380 |
| New York Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.468%, 1M TSFR + 0.789%, 02/25/36 (b) | 15515 | &nbsp;&nbsp;&nbsp; 15375 |
| OBX Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/25/51 (144A) (b) | 231322 | &nbsp;&nbsp;&nbsp; 207650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.443%, 1M TSFR + 0.764%, 06/25/57 (144A) (b) | 173004 | &nbsp;&nbsp;&nbsp; 171100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.878%, 12/25/63 (144A) (f) | 320408 | &nbsp;&nbsp;&nbsp; 321479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.928%, 11/25/63 (144A) (f) | 451860 | &nbsp;&nbsp;&nbsp; 453216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.067%, 01/25/64 (144A) (f) | 248572 | &nbsp;&nbsp;&nbsp; 249878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.129%, 12/25/63 (144A) (f) | 402498 | &nbsp;&nbsp;&nbsp; 404514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.233%, 05/25/64 (144A) (f) | 654766 | &nbsp;&nbsp;&nbsp; 660238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.465%, 10/25/63 (144A) (f) | 1144219 | &nbsp;&nbsp;&nbsp; 1151565 |
| Onity Loan Investment Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/25/38 (144A) (b) | 308115 | &nbsp;&nbsp;&nbsp; 301997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/25/38 (144A) (b) | 733815 | &nbsp;&nbsp;&nbsp; 715340 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** |
| PRKCM Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.333%, 03/25/59 (144A) (f) | 206349 | &nbsp;&nbsp;&nbsp; $207817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.431%, 05/25/59 (144A) (f) | 249224 | &nbsp;&nbsp;&nbsp; 251461 |
| Provident Funding Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/25/51 (144A) (b) | 448388 | &nbsp;&nbsp;&nbsp; 400186 |
| PRPM LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.185%, 02/25/31 (144A) (f) | 839296 | &nbsp;&nbsp;&nbsp; 830435 |
| PSMC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/25/51 (144A) (b) | 2102954 | &nbsp;&nbsp;&nbsp; 1902246 |
| Sequoia Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.430%, 1M TSFR + 0.754%, 11/20/34 (b) | 72872 | &nbsp;&nbsp;&nbsp; 69585 |
| Station Place Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.578%, 1M TSFR + 0.900%, 07/23/26 (144A) (b) | 2052000 | &nbsp;&nbsp;&nbsp; 2053336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.578%, 1M TSFR + 0.900%, 09/23/26 (144A) (b) | 2040000 | &nbsp;&nbsp;&nbsp; 2037805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.578%, 1M TSFR + 0.900%, 11/24/26 (144A) (b) | 2069000 | &nbsp;&nbsp;&nbsp; 2068586 |
| Toorak Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.524%, 02/25/40 (144A) (f) | 270000 | &nbsp;&nbsp;&nbsp; 270951 |
| Towd Point Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/25/58 (144A) (b) | 1045236 | &nbsp;&nbsp;&nbsp; 988873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 03/25/58 (144A) (b) | 236418 | &nbsp;&nbsp;&nbsp; 229180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 05/25/58 (144A) (b) | 1092782 | &nbsp;&nbsp;&nbsp; 1071872 |
| Verus Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.095%, 02/25/69 (144A) (f) | 136036 | &nbsp;&nbsp;&nbsp; 136746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.218%, 06/25/69 (144A) (f) | 411611 | &nbsp;&nbsp;&nbsp; 414929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.338%, 04/25/69 (144A) (f) | 771279 | &nbsp;&nbsp;&nbsp; 777563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.665%, 09/25/68 (144A) (f) | 119361 | &nbsp;&nbsp;&nbsp; 119832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.876%, 11/25/68 (144A) (b) | 431011 | &nbsp;&nbsp;&nbsp; 434360 |
| WaMu Mortgage Pass-Through Certificates Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.253%, 1M TSFR + 0.574%, 04/25/45 (b) | 291171 | &nbsp;&nbsp;&nbsp; 284214 |
|  |  | &nbsp;&nbsp;&nbsp; 36475376 |
| **Commercial Mortgage-Backed Securities — 4.5%** | **Commercial Mortgage-Backed Securities — 4.5%** | **Commercial Mortgage-Backed Securities — 4.5%** |
| Bank5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.221%, 07/15/58 (b) (i) | 8255195 | &nbsp;&nbsp;&nbsp; 383696 |
| Bank5 Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.062%, 01/15/58 (144A) (b) (i) | 17901123 | &nbsp;&nbsp;&nbsp; 654236 |
| BBCMS Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.167%, 05/15/58 (b) (i) | 11512739 | &nbsp;&nbsp;&nbsp; 492302 |
| Benchmark Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.258%, 10/15/58 (144A) (b) (i) | 4213714 | &nbsp;&nbsp;&nbsp; 213651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.211%, 03/15/53 | 558120 | &nbsp;&nbsp;&nbsp; 529770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.889%, 08/15/57 | 1210571 | &nbsp;&nbsp;&nbsp; 1163550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.436%, 02/15/59 | 597000 | &nbsp;&nbsp;&nbsp; 602451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.597%, 01/15/58 (b) | 733000 | &nbsp;&nbsp;&nbsp; 744296 |
| BMO Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.354%, 05/15/58 (b) (i) | 7921787 | &nbsp;&nbsp;&nbsp; 375191 |
| BX Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.477%, 1M TSFR + 0.804%, 10/15/36 (144A) (b) | 2643000 | &nbsp;&nbsp;&nbsp; 2636392 |
| BX Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.031%, 12/13/42 (144A) (b) | 843000 | &nbsp;&nbsp;&nbsp; 847438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.164%, 1M TSFR + 1.491%, 04/15/37 (144A) (b) | 1352357 | &nbsp;&nbsp;&nbsp; 1352357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.177%, 12/13/42 (144A) (b) | 534000 | &nbsp;&nbsp;&nbsp; 534394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.373%, 1M TSFR + 1.700%, 12/15/44 (144A) (b) | 483000 | &nbsp;&nbsp;&nbsp; 481491 |
| Cantor Commercial Real Estate Lending |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.942%, 01/15/53 | 339550 | &nbsp;&nbsp;&nbsp; 323401 |

---

**BHFTI-117**

------

**Brighthouse Funds Trust I**

**Brighthouse/Franklin Low Duration Total Return 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)** |
| CGMS Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.711%, 08/15/50 (b) | 337000 | &nbsp;&nbsp;&nbsp; $329390 |
| Citigroup Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.154%, 11/15/49 | 1132000 | &nbsp;&nbsp;&nbsp; 1122302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.408%, 06/10/51 (b) | 518000 | &nbsp;&nbsp;&nbsp; 510860 |
| COMM Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.408%, 02/10/48 (b) | 236760 | &nbsp;&nbsp;&nbsp; 230244 |
| CSAIL Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.085%, 03/15/53 (b) (i) | 14277535 | &nbsp;&nbsp;&nbsp; 457873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.398%, 11/15/50 | 719615 | &nbsp;&nbsp;&nbsp; 716270 |
| CSTL Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.561%, 11/10/42 (144A) (b) | 782000 | &nbsp;&nbsp;&nbsp; 768801 |
| GS Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.612%, 02/13/53 (b) (i) | 26777110 | &nbsp;&nbsp;&nbsp; 503455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.592%, 10/10/49 | 937621 | &nbsp;&nbsp;&nbsp; 933739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.933%, 09/10/52 | 1640616 | &nbsp;&nbsp;&nbsp; 1574317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.050%, 05/10/49 | 169916 | &nbsp;&nbsp;&nbsp; 169676 |
| Morgan Stanley Bank of America Merrill Lynch Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.994%, 12/15/49 (b) | 602000 | &nbsp;&nbsp;&nbsp; 590087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.384%, 11/15/58 | 1135000 | &nbsp;&nbsp;&nbsp; 1148804 |
| Morgan Stanley Capital I Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.215%, 07/15/52 (b) (i) | 15099023 | &nbsp;&nbsp;&nbsp; 500013 |
| NYC Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.668%, 11/05/38 (144A) (b) | 886000 | &nbsp;&nbsp;&nbsp; 882255 |
| One Bryant Park Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.516%, 09/15/54 (144A) | 620000 | &nbsp;&nbsp;&nbsp; 572843 |
| UBS Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.344%, 04/15/52 | 894000 | &nbsp;&nbsp;&nbsp; 874816 |
| VRTX Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.926%, 08/05/42 (144A) (b) | 509000 | &nbsp;&nbsp;&nbsp; 509300 |
| Wells Fargo Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.018%, 10/15/52 (b) (i) | 14818646 | &nbsp;&nbsp;&nbsp; 436381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.918%, 11/15/49 | 600000 | &nbsp;&nbsp;&nbsp; 597316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.382%, 08/15/51 | 433000 | &nbsp;&nbsp;&nbsp; 425557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.672%, 11/15/48 (b) | 10962 | &nbsp;&nbsp;&nbsp; 10770 |
|  |  | &nbsp;&nbsp;&nbsp; 25199685 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Non-Agency Mortgage-Backed Securities <br>(Cost $63,033,523) <br>|  | &nbsp;&nbsp;&nbsp; 61675061 |
| **Agency Sponsored Mortgage-Backed Securities—8.9%** | **Agency Sponsored Mortgage-Backed Securities—8.9%** | **Agency Sponsored Mortgage-Backed Securities—8.9%** |
| **Agency Collateralized Mortgage Obligations — 7.7%** | **Agency Collateralized Mortgage Obligations — 7.7%** | **Agency Collateralized Mortgage Obligations — 7.7%** |
| Federal Home Loan Mortgage Corp. REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/25/51 (i) | 6815611 | &nbsp;&nbsp;&nbsp; 1033338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/25/51 (i) | 6497104 | &nbsp;&nbsp;&nbsp; 1031029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.562%, SOFR30A + 0.900%, 08/25/54 (b) | 1398448 | &nbsp;&nbsp;&nbsp; 1403012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.612%, SOFR30A + 0.950%, 06/25/54 (b) | 3189476 | &nbsp;&nbsp;&nbsp; 3207851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.762%, SOFR30A + 1.100%, 02/25/54 (b) | 1905218 | &nbsp;&nbsp;&nbsp; 1915745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.762%, SOFR30A + 1.100%, 08/25/54 (b) | 1710776 | &nbsp;&nbsp;&nbsp; 1720297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.762%, SOFR30A + 1.100%, 02/25/55 (b) | 1285925 | &nbsp;&nbsp;&nbsp; 1293019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.762%, SOFR30A + 1.100%, 08/25/55 (b) | 2463921 | &nbsp;&nbsp;&nbsp; 2478154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.812%, SOFR30A + 1.150%, 03/25/55 (b) | 1634929 | &nbsp;&nbsp;&nbsp; 1642310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.812%, SOFR30A + 1.150%, 05/25/55 (b) | 2585122 | &nbsp;&nbsp;&nbsp; 2605066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.862%, SOFR30A + 1.200%, 06/25/55 (b) | 2225920 | &nbsp;&nbsp;&nbsp; 2231363 |

---

---

| | | |
|:---|:---|:---|
| **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; 4.512%, SOFR30A + 0.850%, 11/25/41 (144A) (b) | 43737 | &nbsp;&nbsp;&nbsp; $43697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.612%, SOFR30A + 0.950%, 01/25/45 (144A) (b) | 471165 | &nbsp;&nbsp;&nbsp; 470286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.612%, SOFR30A + 0.950%, 09/25/45 (144A) (b) | 506850 | &nbsp;&nbsp;&nbsp; 505780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.762%, SOFR30A + 1.100%, 05/25/45 (144A) (b) | 348125 | &nbsp;&nbsp;&nbsp; 348543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.862%, SOFR30A + 1.200%, 08/25/44 (144A) (b) | 1211279 | &nbsp;&nbsp;&nbsp; 1211821 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal National Mortgage Association Connecticut Avenue <br> Securities Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.612%, SOFR30A + 0.950%, 01/25/45 (144A) (b) | 442170 | &nbsp;&nbsp;&nbsp; 441075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.662%, SOFR30A + 1.000%, 02/25/45 (144A) (b) | 291564 | &nbsp;&nbsp;&nbsp; 291114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.662%, SOFR30A + 1.000%, 05/25/45 (144A) (b) | 323082 | &nbsp;&nbsp;&nbsp; 323154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.662%, SOFR30A + 1.000%, 01/25/46 (144A) (b) | 600767 | &nbsp;&nbsp;&nbsp; 600647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.762%, SOFR30A + 1.100%, 02/25/44 (144A) (b) | 336821 | &nbsp;&nbsp;&nbsp; 336612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.812%, SOFR30A + 1.150%, 03/25/44 (144A) (b) | 413272 | &nbsp;&nbsp;&nbsp; 412886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.112%, SOFR30A + 1.450%, 03/25/45 (144A) (b) | 379508 | &nbsp;&nbsp;&nbsp; 380221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.162%, SOFR30A + 1.500%, 10/25/43 (144A) (b) | 1069952 | &nbsp;&nbsp;&nbsp; 1070283 |
| Federal National Mortgage Association Interest STRIPS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/25/53 (i) | 6305706 | &nbsp;&nbsp;&nbsp; 1111289 |
| Federal National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.612%, SOFR30A + 0.950%, 01/25/54 (b) | 1019705 | &nbsp;&nbsp;&nbsp; 1024965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.612%, SOFR30A + 0.950%, 11/25/54 (b) | 1489002 | &nbsp;&nbsp;&nbsp; 1491737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.632%, SOFR30A + 0.970%, 08/25/54 (b) | 2128389 | &nbsp;&nbsp;&nbsp; 2138919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.762%, SOFR30A + 1.100%, 06/25/54 (b) | 1791385 | &nbsp;&nbsp;&nbsp; 1801851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.812%, SOFR30A + 1.150%, 12/25/53 (b) | 1854092 | &nbsp;&nbsp;&nbsp; 1866754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.862%, SOFR30A + 1.200%, 10/25/53 (b) | 2238125 | &nbsp;&nbsp;&nbsp; 2258123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.862%, SOFR30A + 1.200%, 05/25/54 (b) | 1605107 | &nbsp;&nbsp;&nbsp; 1618146 |
| Government National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/20/51 (i) | 12595981 | &nbsp;&nbsp;&nbsp; 1276008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/20/49 (i) | 5695708 | &nbsp;&nbsp;&nbsp; 1108765 |
|  |  | &nbsp;&nbsp;&nbsp; 42693860 |
| **Agency Mortgage-Backed Securities — 1.2%** | **Agency Mortgage-Backed Securities — 1.2%** | **Agency Mortgage-Backed Securities — 1.2%** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/37 | 2418930 | &nbsp;&nbsp;&nbsp; 2310933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/01/37 | 2462070 | &nbsp;&nbsp;&nbsp; 2371528 |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.220%, 6M RFUCCT + 0.845%, 11/01/33 (b) | 196 | &nbsp;&nbsp;&nbsp; 195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 1Y H15 + 1.675%, 11/01/32 (b) | 5515 | &nbsp;&nbsp;&nbsp; 5572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.468%, 6M RFUCCT + 1.177%, 03/01/28 (b) | 252 | &nbsp;&nbsp;&nbsp; 252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.491%, 6M RFUCCT + 1.400%, 03/01/35 (b) | 7102 | &nbsp;&nbsp;&nbsp; 7226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.655%, 1Y RFUCCT + 1.530%, 02/01/33 (b) | 19691 | &nbsp;&nbsp;&nbsp; 20010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.665%, 6M RFUCCT + 1.415%, 06/01/32 (b) | 4992 | &nbsp;&nbsp;&nbsp; 5042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.665%, 6M RFUCCT + 1.415%, 12/01/32 (b) | 28012 | &nbsp;&nbsp;&nbsp; 28305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.673%, 6M RFUCCT + 1.585%, 03/01/36 (b) | 29678 | &nbsp;&nbsp;&nbsp; 30355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.754%, 1Y H15 + 2.020%, 03/01/30 (b) | 20 | &nbsp;&nbsp;&nbsp; 20 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.761%, 6M RFUCCT + 1.570%, 11/01/35 (b) | 17282 | &nbsp;&nbsp;&nbsp; 17874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.771%, 1Y H15 + 2.065%, 07/01/33 (b) | 7682 | &nbsp;&nbsp;&nbsp; 7820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.777%, 1Y H15 + 2.152%, 12/01/33 (b) | 17072 | &nbsp;&nbsp;&nbsp; 17453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.789%, 6M RFUCCT + 1.430%, 02/01/36 (b) | 6212 | &nbsp;&nbsp;&nbsp; 6316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 1Y RFUCCT + 1.550%, 02/01/44 (b) | 23659 | &nbsp;&nbsp;&nbsp; 24358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.835%, 1Y RFUCCT + 1.585%, 02/01/36 (b) | 7773 | &nbsp;&nbsp;&nbsp; 7962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.860%, 6M RFUCCT + 1.635%, 03/01/37 (b) | 797 | &nbsp;&nbsp;&nbsp; 823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.881%, 6M RFUCCT + 1.569%, 12/01/34 (b) | 8301 | &nbsp;&nbsp;&nbsp; 8469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.895%, 1Y H15 + 2.270%, 01/01/32 (b) | 2574 | &nbsp;&nbsp;&nbsp; 2624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 1Y H15 + 2.275%, 06/01/35 (b) | 27985 | &nbsp;&nbsp;&nbsp; 28732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.910%, 1Y H15 + 2.285%, 02/01/35 (b) | 21398 | &nbsp;&nbsp;&nbsp; 21996 |

---

**BHFTI-118**

------

**Brighthouse Funds Trust I**

**Brighthouse/Franklin Low Duration Total Return Portfolio**

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

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

**Floating Rate Loans (j)—2.1%**

---

| | | |
|:---|:---|:---|
| **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; 5.917%, 1Y RFUCCT + 1.622%, 01/01/36 (b) | 9489 | &nbsp;&nbsp;&nbsp; $9709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 1Y RFUCCT + 1.567%, 11/01/36 (b) | 88 | &nbsp;&nbsp;&nbsp; 90 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.998%, 1Y RFUCCT + 1.815%, 03/01/36 (b) | 7325 | &nbsp;&nbsp;&nbsp; 7486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.023%, 1Y RFUCCT + 1.602%, 03/01/33 (b) | 7796 | &nbsp;&nbsp;&nbsp; 7924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.028%, 1Y RFUCCT + 1.778%, 12/01/35 (b) | 74375 | &nbsp;&nbsp;&nbsp; 76392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.030%, 1Y RFUCCT + 1.655%, 08/01/34 (b) | 551 | &nbsp;&nbsp;&nbsp; 563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.038%, 6M RFUCCT + 1.413%, 11/01/34 (b) | 1248 | &nbsp;&nbsp;&nbsp; 1265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.049%, 6M RFUCCT + 1.543%, 04/01/36 (b) | 3796 | &nbsp;&nbsp;&nbsp; 3874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.050%, 1Y RFUCCT + 1.550%, 07/01/33 (b) | 13547 | &nbsp;&nbsp;&nbsp; 13766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.072%, 1Y RFUCCT + 1.822%, 03/01/36 (b) | 10518 | &nbsp;&nbsp;&nbsp; 10771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.103%, 1Y H15 + 2.189%, 11/01/35 (b) | 301260 | &nbsp;&nbsp;&nbsp; 309211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.106%, 6M RFUCCT + 2.106%, 09/01/33 (b) | 13665 | &nbsp;&nbsp;&nbsp; 13724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.109%, 1Y H15 + 2.484%, 04/01/36 (b) | 762 | &nbsp;&nbsp;&nbsp; 791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.110%, 6M RFUCCT + 1.610%, 06/01/28 (b) | 28 | &nbsp;&nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.123%, 1Y H15 + 1.998%, 10/01/32 (b) | 2783 | &nbsp;&nbsp;&nbsp; 2833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 1Y RFUCCT + 1.375%, 07/01/33 (b) | 8264 | &nbsp;&nbsp;&nbsp; 8394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 1Y H15 + 2.150%, 08/01/33 (b) | 27897 | &nbsp;&nbsp;&nbsp; 28556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.163%, 6M RFUCCT + 1.538%, 09/01/35 (b) | 1876 | &nbsp;&nbsp;&nbsp; 1913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.165%, 1Y H15 + 2.171%, 09/01/33 (b) | 547 | &nbsp;&nbsp;&nbsp; 554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.223%, 1Y H15 + 2.223%, 07/01/35 (b) | 4866 | &nbsp;&nbsp;&nbsp; 5026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.232%, 1Y H15 + 2.360%, 11/01/34 (b) | 395938 | &nbsp;&nbsp;&nbsp; 413603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.245%, 6M RFUCCT + 1.620%, 11/01/32 (b) | 2302 | &nbsp;&nbsp;&nbsp; 2334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.258%, 1Y H15 + 2.245%, 03/01/38 (b) | 2692 | &nbsp;&nbsp;&nbsp; 2755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.268%, 1Y RFUCCT + 1.668%, 11/01/36 (b) | 308958 | &nbsp;&nbsp;&nbsp; 317329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.270%, 1Y H15 + 2.270%, 08/01/30 (b) | 3432 | &nbsp;&nbsp;&nbsp; 3484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.295%, 1Y H15 + 2.170%, 07/01/33 (b) | 13225 | &nbsp;&nbsp;&nbsp; 13501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.302%, 1Y H15 + 2.382%, 01/01/32 (b) | 47 | &nbsp;&nbsp;&nbsp; 47 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.340%, 1Y H15 + 2.215%, 08/01/29 (b) | 32 | &nbsp;&nbsp;&nbsp; 32 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.348%, 1Y RFUCCT + 1.712%, 09/01/35 (b) | 367018 | &nbsp;&nbsp;&nbsp; 380229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.395%, 1Y H15 + 2.270%, 01/01/29 (b) | 515 | &nbsp;&nbsp;&nbsp; 518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.395%, 1Y RFUCCT + 1.645%, 09/01/39 (b) | 676 | &nbsp;&nbsp;&nbsp; 696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.406%, 1Y RFUCCT + 1.656%, 10/01/36 (b) | 556 | &nbsp;&nbsp;&nbsp; 572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.411%, 1Y H15 + 2.256%, 09/01/36 (b) | 115 | &nbsp;&nbsp;&nbsp; 119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.432%, 1Y RFUCCT + 1.682%, 05/01/33 (b) | 2312 | &nbsp;&nbsp;&nbsp; 2354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.445%, 1Y H15 + 2.320%, 07/01/28 (b) | 79 | &nbsp;&nbsp;&nbsp; 80 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.448%, 1Y RFUCCT + 1.698%, 08/01/37 (b) | 2526 | &nbsp;&nbsp;&nbsp; 2610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.489%, 1Y RFUCCT + 1.690%, 11/01/35 (b) | 1846 | &nbsp;&nbsp;&nbsp; 1890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.515%, 1Y RFUCCT + 1.765%, 10/01/33 (b) | 9424 | &nbsp;&nbsp;&nbsp; 9602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.526%, 1Y RFUCCT + 1.905%, 11/01/35 (b) | 96925 | &nbsp;&nbsp;&nbsp; 100056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.583%, 1Y RFUCCT + 1.833%, 08/01/32 (b) | 21318 | &nbsp;&nbsp;&nbsp; 21757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.594%, 1Y RFUCCT + 1.844%, 09/01/37 (b) | 552 | &nbsp;&nbsp;&nbsp; 571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.730%, 1Y H15 + 2.483%, 09/01/33 (b) | 173 | &nbsp;&nbsp;&nbsp; 174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 6M RFUCCT + 2.250%, 10/01/33 (b) | 11880 | &nbsp;&nbsp;&nbsp; 12239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 1Y RFUCCT + 1.750%, 04/01/34 (b) | 10673 | &nbsp;&nbsp;&nbsp; 10879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.810%, 1Y RFUCCT + 1.810%, 04/01/40 (b) | 391 | &nbsp;&nbsp;&nbsp; 401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.935%, 1Y RFUCCT + 1.810%, 04/01/35 (b) | 64632 | &nbsp;&nbsp;&nbsp; 66374 |
|  |  | &nbsp;&nbsp;&nbsp; 6790942 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Agency Sponsored Mortgage-Backed Securities <br>(Cost $49,406,228) <br>|  | &nbsp;&nbsp;&nbsp; 49484802 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Aerospace/Defense — 0.1%** | **Aerospace/Defense — 0.1%** | **Aerospace/Defense — 0.1%** |
| TransDigm, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan K, 5.918%, 1M TSFR + 2.250%, 03/22/30 | 298999 | &nbsp;&nbsp;&nbsp; $299240 |
| **Airlines — 0.1%** | **Airlines — 0.1%** | **Airlines — 0.1%** |
| American Airlines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.418%, 3M TSFR + 2.750%, 05/28/32 | 300000 | &nbsp;&nbsp;&nbsp; 297781 |
| AS Mileage Plan IP Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 5.418%, 3M TSFR + 1.750%, <br> 10/15/31<br>| 135235 | &nbsp;&nbsp;&nbsp; 134897 |
| United Airlines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 5.431%, 1M TSFR + 1.750%, 02/22/31 | 297125 | &nbsp;&nbsp;&nbsp; 297032 |
| WestJet Loyalty LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 6.450%, 3M TSFR + 2.750%, 02/26/31 | 85961 | &nbsp;&nbsp;&nbsp; 83736 |
|  |  | &nbsp;&nbsp;&nbsp; 813446 |
| **Auto Parts & Equipment — 0.0%** | **Auto Parts & Equipment — 0.0%** | **Auto Parts & Equipment — 0.0%** |
| American Axle and Manufacturing, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Incremental Term Loan C, 7.012%, 3M TSFR + 3.250%, <br> 02/03/33<br>| 116978 | &nbsp;&nbsp;&nbsp; 116393 |
| Clarios Global LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 6.418%, 1M TSFR + 2.750%, <br> 01/28/32<br>| 109430 | &nbsp;&nbsp;&nbsp; 109293 |
| First Brands Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan, 03/30/27 † (c) | 47208 | &nbsp;&nbsp;&nbsp; 138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 DIP Term Loan, 5.232%, 1M TSFR + 1.550%, 06/29/26 <br> †<br>| 42859 | &nbsp;&nbsp;&nbsp; 9986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 PIK DIP Roll-Up Term Loan B, 10.671%, 1M TSFR + <br> 7.000%, 06/29/26 †<br>| 112159 | &nbsp;&nbsp;&nbsp; 421 |
|  |  | &nbsp;&nbsp;&nbsp; 236231 |
| **Beverages — 0.0%** | **Beverages — 0.0%** | **Beverages — 0.0%** |
| Primo Brands Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 03/19/31 (k) | 62422 | &nbsp;&nbsp;&nbsp; 62586 |
| **Biotechnology — 0.1%** | **Biotechnology — 0.1%** | **Biotechnology — 0.1%** |
| BioMarin Pharmaceutical, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 01/28/33 (k) | 300000 | &nbsp;&nbsp;&nbsp; 299813 |
| **Building Materials — 0.1%** | **Building Materials — 0.1%** | **Building Materials — 0.1%** |
| EMRLD Borrower LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 5.950%, 3M TSFR + 2.250%, 08/04/31 | 69945 | &nbsp;&nbsp;&nbsp; 69905 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 5.923%, 3M TSFR + 2.250%, 05/31/30 | 236938 | &nbsp;&nbsp;&nbsp; 236857 |
| Knife River HoldCo |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 5.669%, 3M TSFR + 2.000%, 03/08/32 | 18909 | &nbsp;&nbsp;&nbsp; 19019 |
| Quikrete Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B2, 5.918%, 1M TSFR + 2.250%, 03/19/29 | 147359 | &nbsp;&nbsp;&nbsp; 147342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.918%, 1M TSFR + 2.250%, 02/10/32 | 88758 | &nbsp;&nbsp;&nbsp; 88679 |
|  |  | &nbsp;&nbsp;&nbsp; 561802 |
| **Chemicals — 0.1%** | **Chemicals — 0.1%** | **Chemicals — 0.1%** |
| Albaugh LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan B, 7.417%, 3M TSFR + 3.750%, 04/06/29 | 227405 | &nbsp;&nbsp;&nbsp; 219375 |
| INEOS Quattro Holdings U.K. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 USD 1st Lien Term Loan B, 8.018%, 1M TSFR + 4.250%, <br> 04/02/29<br>| 137929 | &nbsp;&nbsp;&nbsp; 107239 |

---

**BHFTI-119**

------

**Brighthouse Funds Trust I**

**Brighthouse/Franklin Low Duration Total Return Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Chemicals—(Continued)** | **Chemicals—(Continued)** | **Chemicals—(Continued)** |
| Solstice Advanced Materials, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 5.417%, 3M TSFR + 1.750%, 10/29/32 | 90036 | &nbsp;&nbsp;&nbsp; $90613 |
|  |  | &nbsp;&nbsp;&nbsp; 417227 |
| **Commercial Services — 0.2%** | **Commercial Services — 0.2%** | **Commercial Services — 0.2%** |
| Albion Financing 3 SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan, 6.664%, 3M TSFR + 3.000%, 05/21/31 | 27941 | &nbsp;&nbsp;&nbsp; 27965 |
| APi Group DE, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 5.418%, 1M TSFR + 1.750%, 01/03/29 † | 100000 | &nbsp;&nbsp;&nbsp; 100046 |
| Cimpress PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 6.168%, 1M TSFR + 2.500%, 05/17/28 | 148120 | &nbsp;&nbsp;&nbsp; 148120 |
| Corp. Service Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 11/02/29 (k) | 296089 | &nbsp;&nbsp;&nbsp; 294146 |
| PG Investment Co. 59 SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 5.873% - 5.967%, 1M TSFR + 2.750%, 3M TSFR <br> + 2.750%, 03/26/31 (l)<br>| 82348 | &nbsp;&nbsp;&nbsp; 82473 |
| Prime Security Services Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Incremental Term Loan B, 5.414%, 1M TSFR + 1.750%, <br> 03/07/32<br>| 297750 | &nbsp;&nbsp;&nbsp; 294028 |
|  |  | &nbsp;&nbsp;&nbsp; 946778 |
| **Computers — 0.0%** | **Computers — 0.0%** | **Computers — 0.0%** |
| Nielsen Consumer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD 1st Lien Term Loan, 5.918%, 1M TSFR + 2.250%, <br> 10/31/30<br>| 148006 | &nbsp;&nbsp;&nbsp; 146341 |
| **Distribution/Wholesale — 0.0%** | **Distribution/Wholesale — 0.0%** | **Distribution/Wholesale — 0.0%** |
| Core & Main LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan D, 5.676%, 1M TSFR + 2.000%, 07/27/28 | 145103 | &nbsp;&nbsp;&nbsp; 145375 |
| VSE Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 03/17/33 (k) | 41171 | &nbsp;&nbsp;&nbsp; 41171 |
|  |  | &nbsp;&nbsp;&nbsp; 186546 |
| **Diversified Financial Services — 0.1%** | **Diversified Financial Services — 0.1%** | **Diversified Financial Services — 0.1%** |
| Citadel Securities LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 First Lien Term Loan, 5.700%, 3M TSFR + 2.000%, <br> 10/31/31<br>| 172799 | &nbsp;&nbsp;&nbsp; 173111 |
| CPI Holdco B LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, 5.668%, 1M TSFR + 2.000%, 05/19/31 | 98868 | &nbsp;&nbsp;&nbsp; 98333 |
| Jane Street Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B1, 5.673%, 3M TSFR + 2.000%, 12/15/31 | 194464 | &nbsp;&nbsp;&nbsp; 191006 |
|  |  | &nbsp;&nbsp;&nbsp; 462450 |
| **Electric — 0.1%** | **Electric — 0.1%** | **Electric — 0.1%** |
| Alpha Generation LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 5.418%, 1M TSFR + 1.750%, 09/30/31 | 299240 | &nbsp;&nbsp;&nbsp; 298811 |
| Calpine Construction Finance Co. LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 Refinancing Term Loan B, 5.418%, 1M TSFR + 1.750%, <br> 07/31/30<br>| 100000 | &nbsp;&nbsp;&nbsp; 100156 |
| Constellation Renewables LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2020 Term Loan, 5.673%, 3M TSFR + 2.000%, 12/15/27 | 300000 | &nbsp;&nbsp;&nbsp; 300703 |
|  |  | &nbsp;&nbsp;&nbsp; 699670 |
| **Electrical Components & Equipment — 0.1%** | **Electrical Components & Equipment — 0.1%** | **Electrical Components & Equipment — 0.1%** |
| Energizer Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.675%, 1M TSFR + 2.000%, 03/19/32 | 299158 | &nbsp;&nbsp;&nbsp; 299158 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Electronics — 0.0%** | **Electronics — 0.0%** | **Electronics — 0.0%** |
| MV Holding GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 5.668%, 1M TSFR + 2.000%, <br> 03/17/32<br>| 22502 | &nbsp;&nbsp;&nbsp; $22586 |
| **Entertainment — 0.1%** | **Entertainment — 0.1%** | **Entertainment — 0.1%** |
| Banijay Entertainment SAS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B3, 6.417%, 1M TSFR + 2.750%, <br> 03/01/28<br>| 5 | &nbsp;&nbsp;&nbsp; 6 |
| Caesars Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 5.918%, 1M TSFR + 2.250%, 02/06/30 | 85488 | &nbsp;&nbsp;&nbsp; 83204 |
| DK Crown Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 03/04/32 (k) | 300000 | &nbsp;&nbsp;&nbsp; 300080 |
| Flutter Financing BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 5.450%, 3M TSFR + 1.750%, 11/30/30 | 97607 | &nbsp;&nbsp;&nbsp; 96753 |
| TKO Worldwide Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 5.664%, 3M TSFR + 2.000%, 11/21/31 | 253490 | &nbsp;&nbsp;&nbsp; 253635 |
|  |  | &nbsp;&nbsp;&nbsp; 733678 |
| **Food — 0.0%** | **Food — 0.0%** | **Food — 0.0%** |
| Chobani LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.918%, 1M TSFR + 2.250%, 10/28/32 | 108784 | &nbsp;&nbsp;&nbsp; 108947 |
| Froneri Lux Finco SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan B4, 5.877%, 6M TSFR + 2.250%, <br> 09/30/31<br>| 131743 | &nbsp;&nbsp;&nbsp; 129376 |
|  |  | &nbsp;&nbsp;&nbsp; 238323 |
| **Food Service — 0.0%** | **Food Service — 0.0%** | **Food Service — 0.0%** |
| Aramark Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 5.418%, 1M TSFR + 1.750%, 06/22/30 | 22119 | &nbsp;&nbsp;&nbsp; 22174 |
| **Insurance — 0.0%** | **Insurance — 0.0%** | **Insurance — 0.0%** |
| Asurion LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan B10, 7.768%, 1M TSFR + 4.000%, 08/19/28 | 11202 | &nbsp;&nbsp;&nbsp; 11212 |
| **Internet — 0.0%** | **Internet — 0.0%** | **Internet — 0.0%** |
| MH Sub I LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B4, 7.918%, 1M TSFR + 4.250%, 12/31/31 | 98741 | &nbsp;&nbsp;&nbsp; 66280 |
| **Leisure Time — 0.0%** | **Leisure Time — 0.0%** | **Leisure Time — 0.0%** |
| Horizon U.S. Finco LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 8.518%, 6M TSFR + 4.500%, 10/31/31 | 147238 | &nbsp;&nbsp;&nbsp; 138404 |
| **Machinery-Diversified — 0.0%** | **Machinery-Diversified — 0.0%** | **Machinery-Diversified — 0.0%** |
| Columbus McKinnon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 7.200%, 3M TSFR + 3.500%, 02/03/33 | 19206 | &nbsp;&nbsp;&nbsp; 19146 |
| Crown Equipment Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 1st Lien Term Loan B, 5.668%, 1M TSFR + 2.000%, <br> 10/10/31<br>| 98498 | &nbsp;&nbsp;&nbsp; 98744 |
|  |  | &nbsp;&nbsp;&nbsp; 117890 |
| **Media — 0.1%** | **Media — 0.1%** | **Media — 0.1%** |
| Charter Communications Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B5, 5.911%, 3M TSFR + 2.250%, 12/15/31 | 297126 | &nbsp;&nbsp;&nbsp; 297590 |
| Nexstar Broadcasting, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B7, 03/18/33 (k) | 105000 | &nbsp;&nbsp;&nbsp; 104090 |
|  |  | &nbsp;&nbsp;&nbsp; 401680 |

---

**BHFTI-120**

------

**Brighthouse Funds Trust I**

**Brighthouse/Franklin Low Duration Total Return Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Metal Fabricate/Hardware — 0.0%** | **Metal Fabricate/Hardware — 0.0%** | **Metal Fabricate/Hardware — 0.0%** |
| Zekelman Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 5.922%, 1M TSFR + 2.250%, 01/24/31 | 135708 | &nbsp;&nbsp;&nbsp; $136083 |
| **Oil & Gas — 0.1%** | **Oil & Gas — 0.1%** | **Oil & Gas — 0.1%** |
| Delek U.S. Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan B, 7.268%, 1M TSFR + 3.500%, 11/19/29 † <br>| 148846 | &nbsp;&nbsp;&nbsp; 149203 |
| Hilcorp Energy I LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 5.425%, 1M TSFR + 1.750%, 02/11/30 | 113143 | &nbsp;&nbsp;&nbsp; 113213 |
|  |  | &nbsp;&nbsp;&nbsp; 262416 |
| **Oil & Gas Services — 0.0%** | **Oil & Gas Services — 0.0%** | **Oil & Gas Services — 0.0%** |
| Deep Blue Operating I LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 6.421%, 1M TSFR + 2.750%, 10/01/32 | 49721 | &nbsp;&nbsp;&nbsp; 49970 |
| **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** |
| Owens-Illinois, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.668%, 1M TSFR + 3.000%, 09/30/32 | 272956 | &nbsp;&nbsp;&nbsp; 270397 |
| **Pipelines — 0.2%** | **Pipelines — 0.2%** | **Pipelines — 0.2%** |
| Colossus Acquireco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 5.380%, 3M TSFR + 1.750%, 07/30/32 | 299248 | &nbsp;&nbsp;&nbsp; 298473 |
| CQP Holdco LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 12/31/32 (k) | 300000 | &nbsp;&nbsp;&nbsp; 298899 |
| Oryx Midstream Services Permian Basin LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.926%, 1M TSFR + 2.250%, 10/05/28 | 156420 | &nbsp;&nbsp;&nbsp; 156727 |
| UGI Energy Services LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 6.168%, 1M TSFR + 2.500%, 02/22/30 | 165591 | &nbsp;&nbsp;&nbsp; 165979 |
|  |  | &nbsp;&nbsp;&nbsp; 920078 |
| **Retail — 0.2%** | **Retail — 0.2%** | **Retail — 0.2%** |
| 1011778 B.C. Unlimited Liability Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B6, 5.418%, 1M TSFR + 1.750%, 09/20/30 | 93435 | &nbsp;&nbsp;&nbsp; 93342 |
| General Nutrition Centers, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2020 2nd Lien Term Loan, 9.768%, 1M TSFR + 6.000%, <br> 10/07/26<br>| 237932 | &nbsp;&nbsp;&nbsp; 185587 |
| Great Outdoors Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.918%, 1M TSFR + 3.250%, 01/23/32 | 207984 | &nbsp;&nbsp;&nbsp; 207872 |
| Peer Holding III B.V. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B5B, 6.200%, 3M TSFR + 2.500%, <br> 07/01/31<br>| 176577 | &nbsp;&nbsp;&nbsp; 176724 |
| QXO, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 04/30/32 (k) | 300000 | &nbsp;&nbsp;&nbsp; 299735 |
| Raising Cane's Restaurants LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.668%, 1M TSFR + 2.000%, 11/03/32 | 299250 | &nbsp;&nbsp;&nbsp; 298190 |
|  |  | &nbsp;&nbsp;&nbsp; 1261450 |
| **Software — 0.2%** | **Software — 0.2%** | **Software — 0.2%** |
| Adeia, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan, 6.168%, 1M TSFR + 2.500%, <br> 06/08/28<br>| 263921 | &nbsp;&nbsp;&nbsp; 263921 |
| Cotiviti Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, 6.418%, 1M TSFR + 2.750%, 05/01/31 | 124055 | &nbsp;&nbsp;&nbsp; 114674 |
| Playtika Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan B1, 6.532%, 1M TSFR + 2.750%, 03/13/28 | 147277 | &nbsp;&nbsp;&nbsp; 138550 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Software—(Continued)** | **Software—(Continued)** | **Software—(Continued)** |
| SS&C Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B8, 05/09/31 (k) | 300000 | &nbsp;&nbsp;&nbsp; $299411 |
|  |  | &nbsp;&nbsp;&nbsp; 816556 |
| **Transportation — 0.1%** | **Transportation — 0.1%** | **Transportation — 0.1%** |
| Genesee & Wyoming, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 04/10/31 (k) | 299241 | &nbsp;&nbsp;&nbsp; 298118 |
| Rand Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 6.700%, 3M TSFR + 3.000%, 03/18/30 | 147997 | &nbsp;&nbsp;&nbsp; 147865 |
| Stonepeak Nile Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 04/09/32 (k) | 300000 | &nbsp;&nbsp;&nbsp; 299792 |
|  |  | &nbsp;&nbsp;&nbsp; 745775 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Floating Rate Loans <br>(Cost $11,979,713) <br>|  | &nbsp;&nbsp;&nbsp; 11646240 |
| **Foreign Government—2.1%** | **Foreign Government—2.1%** | **Foreign Government—2.1%** |
| **Electric — 0.2%** | **Electric — 0.2%** | **Electric — 0.2%** |
| Korea Electric Power Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 04/06/26 (144A) | 800000 | &nbsp;&nbsp;&nbsp; 800085 |
| **Sovereign — 1.9%** | **Sovereign — 1.9%** | **Sovereign — 1.9%** |
| Angola Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 05/09/28 (144A) | 270000 | &nbsp;&nbsp;&nbsp; 272324 |
| Brazil Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 06/12/30 (a) | 290000 | &nbsp;&nbsp;&nbsp; 276269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/30/29 | 230000 | &nbsp;&nbsp;&nbsp; 228080 |
| Chile Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 01/22/29 (a) | 340000 | &nbsp;&nbsp;&nbsp; 343825 |
| Colombia Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/26/30 (EUR) | 120000 | &nbsp;&nbsp;&nbsp; 134026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 04/25/30 | 220000 | &nbsp;&nbsp;&nbsp; 228059 |
| Costa Rica Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 02/19/31 (144A) | 330000 | &nbsp;&nbsp;&nbsp; 336838 |
| Dominican Republic International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 01/25/27 | 200000 | &nbsp;&nbsp;&nbsp; 200930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/19/28 | 270000 | &nbsp;&nbsp;&nbsp; 271836 |
| Egypt Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.600%, 03/01/29 | 250000 | &nbsp;&nbsp;&nbsp; 255007 |
| El Salvador Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 02/28/29 | 250000 | &nbsp;&nbsp;&nbsp; 260060 |
| Guatemala Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 02/13/28 (144A) | 460000 | &nbsp;&nbsp;&nbsp; 456481 |
| Hungary Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 06/16/29 | 450000 | &nbsp;&nbsp;&nbsp; 450531 |
| Indonesia Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 10/15/30 | 240000 | &nbsp;&nbsp;&nbsp; 229900 |
| Ivory Coast Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/03/28 | 400200 | &nbsp;&nbsp;&nbsp; 402619 |
| Jamaica Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 04/28/28 | 340000 | &nbsp;&nbsp;&nbsp; 345950 |
| Mexico Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 03/28/27 (a) | 230000 | &nbsp;&nbsp;&nbsp; 229770 |
| Montenegro Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.550%, 10/03/29 (144A) (EUR) | 250000 | &nbsp;&nbsp;&nbsp; 270084 |

---

**BHFTI-121**

------

**Brighthouse Funds Trust I**

**Brighthouse/Franklin Low Duration Total Return Portfolio**

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

**Foreign Government—(Continued)**

**Short-Term Investments—4.7%**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***/<br> **Shares**<br>| <br>**Value**<br>|
| **Sovereign—(Continued)** | **Sovereign—(Continued)** | **Sovereign—(Continued)** |
| Morocco Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 03/08/28 (144A) | 340000 | &nbsp;&nbsp;&nbsp; $345440 |
| Nigeria Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 03/24/29 (144A) | 260000 | &nbsp;&nbsp;&nbsp; 273252 |
| North Macedonia Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 01/21/30 (144A) (EUR) | 180000 | &nbsp;&nbsp;&nbsp; 199916 |
| Paraguay Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 04/28/31 (144A) | 460000 | &nbsp;&nbsp;&nbsp; 457930 |
| Peru Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.783%, 01/23/31 (a) | 590000 | &nbsp;&nbsp;&nbsp; 537106 |
| Philippines Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 02/02/30 | 380000 | &nbsp;&nbsp;&nbsp; 445205 |
| Republic of Poland Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 02/12/30 (a) | 560000 | &nbsp;&nbsp;&nbsp; 571913 |
| Republic of South Africa Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 09/27/27 | 580000 | &nbsp;&nbsp;&nbsp; 579269 |
| Republic of Uzbekistan International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.850%, 10/12/28 (144A) | 320000 | &nbsp;&nbsp;&nbsp; 334549 |
| Romania Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/26/28 (144A) (EUR) | 500000 | &nbsp;&nbsp;&nbsp; 565493 |
| Serbia International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 05/26/28 (144A) | 330000 | &nbsp;&nbsp;&nbsp; 336617 |
| Turkiye Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.600%, 09/24/27 | 320000 | &nbsp;&nbsp;&nbsp; 333345 |
| Uruguay Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 10/27/27 | 580000 | &nbsp;&nbsp;&nbsp; 580348 |
|  |  | &nbsp;&nbsp;&nbsp; 10752972 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Foreign Government <br>(Cost $11,767,113) <br>|  | &nbsp;&nbsp;&nbsp; 11553057 |
| **Municipals—0.6%** | **Municipals—0.6%** | **Municipals—0.6%** |
| Curators of the University of Missouri |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.012%, 11/01/27 | 2000000 | &nbsp;&nbsp;&nbsp; 1943518 |
| Golden State Tobacco Securitization Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 06/01/50 | 1305000 | &nbsp;&nbsp;&nbsp; 1192475 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Municipals <br>(Cost $3,272,400) <br>|  | &nbsp;&nbsp;&nbsp; 3135993 |

---

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

---

| | | |
|:---|:---|:---|
| **Common Stocks—0.0%** | **Common Stocks—0.0%** | **Common Stocks—0.0%** |
| **Retail — 0.0%** | **Retail — 0.0%** | **Retail — 0.0%** |
| KSouth Africa Ltd. (d) (e) (m) | 40457 | &nbsp;&nbsp;&nbsp; 639 |
| KSouth Africa Ltd. - Class A (d) (e) (m) | 8217950 | &nbsp;&nbsp;&nbsp; 0 |
| Party City Holdco, Inc. (d) (e) (m) | 8 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $481,169) <br>|  | &nbsp;&nbsp;&nbsp; 639 |
| **Escrow Shares—0.0%** | **Escrow Shares—0.0%** | **Escrow Shares—0.0%** |
| **Oil & Gas — 0.0%** | **Oil & Gas — 0.0%** | **Oil & Gas — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Sanchez Energy Corp. (c) <br>(Cost $1,200,000)<br>| 1200000 | &nbsp;&nbsp;&nbsp; 120 |

---

&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>|
| **Discount Note—4.7%** | **Discount Note—4.7%** | **Discount Note—4.7%** |
| Federal Home Loan Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 04/01/26 (n) | 26038000 | &nbsp;&nbsp;&nbsp; $26035403 |
| **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 $100,376; collateralized <br> by U.S. Treasury Note at 3.750%, maturing 08/15/27, with a <br> market value of $102,443<br>| 100369 | &nbsp;&nbsp;&nbsp; 100369 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $26,138,369) <br>|  | &nbsp;&nbsp;&nbsp; 26135772 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (o)—7.9%** | **Securities Lending Reinvestments (o)—7.9%** | **Securities Lending Reinvestments (o)—7.9%** |
| **Short-Term Investment Funds—1.1%** | **Short-Term Investment Funds—1.1%** | **Short-Term Investment Funds—1.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds FedFund, <br>Institutional Shares 3.550% (p)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (p)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Government Portfolio, <br>Class I 3.530% (p)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &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 Fund, <br>Premier Class 3.600% (p)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
|  |  | &nbsp;&nbsp;&nbsp; 6000000 |

---

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

---

| | | |
|:---|:---|:---|
| **Certificate of Deposit—0.3%** | **Certificate of Deposit—0.3%** | **Certificate of Deposit—0.3%** |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.980%, SOFR + 0.350%, 05/14/26 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| **Repurchase Agreements—6.0%** | **Repurchase Agreements—6.0%** | **Repurchase Agreements—6.0%** |
| 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 $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 $500,051; collateralized by <br> various Common Stock with an aggregate market value of <br> $556,141<br>| 500000 | &nbsp;&nbsp;&nbsp; 500000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.770%, due on <br> 04/01/26 with a maturity value of $3,000,314; collateralized <br> by various Common Stock with an aggregate market value of <br> $3,336,843<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| 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 $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 |

---

**BHFTI-122**

------

**Brighthouse Funds Trust I**

**Brighthouse/Franklin Low Duration Total Return 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—(Continued)** | **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** |
| Citigroup Global Markets, Inc. |  |  |
| &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 |
| 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 $6,907,068; collateralized <br> by 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 $7,044,497<br>| 6906368 | &nbsp;&nbsp;&nbsp; 6906368 |
| 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 $900,094; collateralized by <br> various Common Stock with an aggregate market value of <br> $1,003,166<br>| 900000 | &nbsp;&nbsp;&nbsp; 900000 |
| &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 |
| 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> $4,444,928<br>| 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
|  |  | &nbsp;&nbsp;&nbsp; 33306368 |
| **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 |
| Svenska NY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
|  |  | &nbsp;&nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $44,306,368) <br>|  | &nbsp;&nbsp;&nbsp; 44306368 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—108.3% <br>(Cost $609,679,366) <br>|  | &nbsp;&nbsp;&nbsp; 604114226 |
| Other assets and liabilities (net)—(8.3)%  |  | &nbsp;&nbsp;&nbsp; (46195891)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $557918335 |

---

&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> $259,794, which is 0.0% 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 $86,967,667 and the collateral received consisted of cash in the <br> amount of $44,306,368 and non-cash collateral with a value of $46,915,133. 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) | Non-income producing; security is in default and/or issuer is in bankruptcy. |
| (d) | 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>|
| (e) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. <br> Level 3.<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>|
| (g) | Principal amount of security is adjusted for inflation. |
| (h) | 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 $2,099,539.<br>|
| (i) | Interest only security. |
| (j) | 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>|
| (k) | This loan will settle after March 31, 2026, at which time the interest rate will be determined. |
| (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) | Non-income producing security. |
| (n) | The rate shown represents current yield to maturity. |
| (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> $207,591,917, which is 37.2% of net assets.<br>|

---

**BHFTI-123**

------

**Brighthouse Funds Trust I**

**Brighthouse/Franklin Low Duration Total Return Portfolio**

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

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Restricted Securities** | **Acquisition** <br>**Date**<br>| **Principal** <br>**Amount** | **Principal** <br>**Amount** | **Cost** | **Value** |
| APi Group DE, Inc., 5.418%, 01/03/29 | 02/26/25 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100046 |
| Delek U.S. Holdings, Inc., 7.268%, 11/19/29 | 07/17/25 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 148846 | &nbsp;&nbsp; 148688 | &nbsp;&nbsp; 149203 |
| First Brands Group LLC, 5.232%, 06/29/26 | 10/02/25-11/10/25 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 42859 | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 9986 |
| First Brands Group LLC, 10.671%, 06/29/26 | 10/02/25-03/05/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 112159 | &nbsp;&nbsp; 101497 | &nbsp;&nbsp; 421 |
| First Brands Group LLC, 03/30/27 | 04/27/22-11/03/25 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 47208 | &nbsp;&nbsp; 47105 | &nbsp;&nbsp; 138 |
| KSouth Africa Ltd., 3.000%, 12/31/49 | 04/15/13-12/31/18 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 712186 | &nbsp;&nbsp; 1372248 | &nbsp;&nbsp; 0 |
| KSouth Africa Ltd., 25.000%, 12/31/49 | 12/22/16-12/31/18 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 313720 | &nbsp;&nbsp; 313720 | &nbsp;&nbsp; 0 |
|  |  |  |  |  | &nbsp;&nbsp; $259794 |

---

**Investments in Derivative Instruments**

**Forward Foreign Currency Exchange Contracts** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **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>|
| EUR | &nbsp;&nbsp; 120000 | JPMC | 04/13/26 | USD | 139756 | &nbsp;&nbsp; $983 |
| EUR | &nbsp;&nbsp; 241000 | JPMC | 04/13/26 | USD | 282053 | &nbsp;&nbsp; 3349 |
| EUR | &nbsp;&nbsp; 179000 | JPMC | 04/13/26 | USD | 212144 | &nbsp;&nbsp; 5139 |
| EUR | &nbsp;&nbsp; 504000 | JPMC | 04/13/26 | USD | 597130 | &nbsp;&nbsp; 14280 |
| Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | &nbsp;&nbsp; $23751 |

---

**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; 447 | USD | 92728054 | &nbsp;&nbsp;&nbsp; $(677896)<br>|
| U.S. Treasury Note 5 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; 109 | USD | 11791586 | &nbsp;&nbsp;&nbsp; (172107)<br>|

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Short** |  |  |  |  |  |
| U.S. Treasury Note 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (22)<br>| USD | (2443031)<br>| &nbsp;&nbsp;&nbsp; 47878 |
| U.S. Treasury Note Ultra 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (5)<br>| USD | (567578)<br>| &nbsp;&nbsp;&nbsp; 12806 |
| Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | &nbsp;&nbsp;&nbsp; $(789319)<br>|

---

**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 | Annually | 4.000<br> %<br>| Annually | 08/26/27 | USD | 7900000 | &nbsp;&nbsp; $32246 | &nbsp;&nbsp; $1650 | &nbsp;&nbsp; $30596 |
| Pay | 12M SOFR | Annually | 4.110<br> %<br>| Annually | 02/24/27 | USD | 76500000 | &nbsp;&nbsp; 265413 | &nbsp;&nbsp; 56035 | &nbsp;&nbsp; 209378 |
| Receive | 12M SOFR | Annually | 4.000<br> %<br>| Annually | 02/26/35 | USD | 2300000 | &nbsp;&nbsp; (31616)<br>| &nbsp;&nbsp; 1074 | &nbsp;&nbsp; (32690)<br>|
| Receive | 12M SOFR | Annually | 4.060<br> %<br>| Annually | 02/24/30 | USD | 17100000 | &nbsp;&nbsp; (290819)<br>| &nbsp;&nbsp; 4193 | &nbsp;&nbsp; (295012)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $(24776)<br>| &nbsp;&nbsp; $62952 | &nbsp;&nbsp; $(87728)<br>|

---

**BHFTI-124**

------

**Brighthouse Funds Trust I**

**Brighthouse/Franklin Low Duration Total Return Portfolio**

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

**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>|
| ITRX.EUR.45.V1 | (1.000%) | &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/20/31 | &nbsp;&nbsp; 0.714% | &nbsp;&nbsp; EUR | 7310000 | &nbsp;&nbsp; $(115789) | &nbsp;&nbsp; $(105340) | &nbsp;&nbsp; $(10449) |

---

**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.45.V1 | 5.000% | &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 12/20/30 | &nbsp;&nbsp; 3.649% | &nbsp;&nbsp; USD | 2712600 | &nbsp;&nbsp; $142850 | &nbsp;&nbsp; $175125 | &nbsp;&nbsp; $(32275) |
| CDX.NA.IG.46.V1 | 1.000% | &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/20/31 | &nbsp;&nbsp; 0.631% | &nbsp;&nbsp; USD | 50445000 | &nbsp;&nbsp;&nbsp; 869924 | &nbsp;&nbsp; 816029 | &nbsp;&nbsp;&nbsp; 53895 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $1012774 | &nbsp;&nbsp; $991154 | &nbsp;&nbsp; $21620 |

---

**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>| **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 (25-35% Tranche) | (5.000%) | &nbsp;&nbsp; Quarterly | 12/20/30<br> CBNA | 2.120<br> %<br>| USD | &nbsp;&nbsp; 1400000 | &nbsp;&nbsp; $(172446)<br>| &nbsp;&nbsp; $(197829)<br>| &nbsp;&nbsp; $25383 |

---

**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>|
| CDX.NA.HY.39 (15-25% Tranche) | 5.000% | &nbsp;&nbsp; Quarterly | 12/20/27 | JPMC | 0.822<br> %<br>| USD | &nbsp;&nbsp; 1900000 | &nbsp;&nbsp; $133300 | &nbsp;&nbsp; $39722 | &nbsp;&nbsp; $93578 |
| CDX.NA.IG.41 (3-7% Tranche) | 1.000% | &nbsp;&nbsp; Quarterly | 12/20/28 | CBNA | 0.361<br> %<br>| USD | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 83038 | &nbsp;&nbsp; (90955)<br>| &nbsp;&nbsp; 173993 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $216338 | &nbsp;&nbsp; $(51233)<br>| &nbsp;&nbsp; $267571 |

---

&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.

Securities in the amount of $159,680 have been received at the custodian bank as collateral for OTC derivative contracts.

**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; $544634 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $544634 |

---

**BHFTI-125**

------

**Brighthouse Funds Trust I**

**Brighthouse/Franklin Low Duration 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; Aerospace/Defense | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $5267797 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $5267797 |
| &nbsp;&nbsp;&nbsp;&nbsp; Agriculture | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1682753 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1682753 |
| &nbsp;&nbsp;&nbsp;&nbsp; Airlines | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 328677 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 328677 |
| &nbsp;&nbsp;&nbsp;&nbsp; Auto Manufacturers | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7554680 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7554680 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banks | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 61484266 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 61484266 |
| &nbsp;&nbsp;&nbsp;&nbsp; Beverages | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2327742 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2327742 |
| &nbsp;&nbsp;&nbsp;&nbsp; Biotechnology | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 626593 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 626593 |
| &nbsp;&nbsp;&nbsp;&nbsp; Building Materials | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2816259 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2816259 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1131734 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1131734 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1136224 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1136224 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cosmetics/Personal Care | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3366753 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3366753 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Financial Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11360843 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11360843 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16447329 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16447329 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Components & Equipment | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1119700 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1119700 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronics | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 416880 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 416880 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2373997 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2373997 |
| &nbsp;&nbsp;&nbsp;&nbsp; Food | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3946207 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3946207 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gas | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 317646 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 317646 |
| &nbsp;&nbsp;&nbsp;&nbsp; Healthcare-Products | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3478143 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3478143 |
| &nbsp;&nbsp;&nbsp;&nbsp; Healthcare-Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4317912 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4317912 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home Builders | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3005806 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3005806 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11512294 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11512294 |
| &nbsp;&nbsp;&nbsp;&nbsp; Internet | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4061895 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4061895 |
| &nbsp;&nbsp;&nbsp;&nbsp; Leisure Time | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 403173 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 403173 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lodging | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1171233 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1171233 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery-Construction & Mining | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 519557 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 519557 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery-Diversified | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 263400 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 263400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 877861 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 877861 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mining | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1970830 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1970830 |
| &nbsp;&nbsp;&nbsp;&nbsp; Miscellaneous Manufacturing | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 482911 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 482911 |
| &nbsp;&nbsp;&nbsp;&nbsp; Multi-National | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1292035 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1292035 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil & Gas | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6174169 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6174169 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil & Gas Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 105520 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 105520 |
| &nbsp;&nbsp;&nbsp;&nbsp; Packaging & Containers | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 533408 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 533408 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8903691 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8903691 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pipelines | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5497326 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5497326 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Investment Trusts | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8823234 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8823234 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2753653 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 2753653 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1966305 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1966305 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3947786 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3947786 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telecommunications | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5892503 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5892503 |
| &nbsp;&nbsp;&nbsp;&nbsp; Toys/Games/Hobbies | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1214650 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1214650 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transportation | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 36154 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 36154 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trucking & Leasing | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2777477 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2777477 |
| Total Corporate Bonds & Notes | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 206233640 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 206233640 |
| Total Asset-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 97152814 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 97152814 |
| Total U.S. Treasury & Government Agencies\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 92789720 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 92789720 |
| Total Non-Agency Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 61675061 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 61675061 |
| Total Agency Sponsored Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 49484802 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 49484802 |
| Total Floating Rate Loans\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11646240 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11646240 |
| Total Foreign Government\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11553057 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11553057 |
| Total Municipals\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3135993 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3135993 |
| Total Common Stocks\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 639 | &nbsp;&nbsp;&nbsp; 639 |
| Total Escrow Shares\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 120 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 120 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26135772 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26135772 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate of Deposit | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 33306368 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 33306368 |

---

**BHFTI-126**

------

**Brighthouse Funds Trust I**

**Brighthouse/Franklin Low Duration 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; Time Deposits | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $3000000 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $3000000 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp; 38306368 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 44306368 |
| Total Investments | &nbsp;&nbsp;&nbsp; $6000000 | &nbsp;&nbsp;&nbsp; $598113587 | &nbsp;&nbsp;&nbsp; $639 | &nbsp;&nbsp;&nbsp; $604114226 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(44306368)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(44306368)<br>|
| Forward Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $23751 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $23751 |
| Total Forward Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $23751 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $23751 |
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $60684 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $60684 |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; (850003)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (850003)<br>|
| Total Futures Contracts | &nbsp;&nbsp;&nbsp; $(789319)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(789319)<br>|
| Centrally Cleared Swap Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Swap Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $293869 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $293869 |
| &nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Swap Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (370426)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (370426)<br>|
| Total Centrally Cleared Swap Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(76557)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(76557)<br>|
| OTC Swap Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; OTC Swap Contracts at Value (Assets) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $216338 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $216338 |
| &nbsp;&nbsp;&nbsp;&nbsp; OTC Swap Contracts at Value (Liabilities) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (172446)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (172446)<br>|
| Total OTC Swap Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $43892 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $43892 |

---

&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 out of Level 3 in the amount of $178,449 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 input.

**BHFTI-127**

------

**Brighthouse Funds Trust I**

**Brighthouse/Templeton International Bond Portfolio**

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

**Foreign Government—79.4% 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>|
| **Australia — 10.7%** | **Australia — 10.7%** | **Australia — 10.7%** |
| New South Wales Treasury Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 03/20/34 (AUD) | 6419000 | &nbsp;&nbsp;&nbsp; $3383286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/08/33 (AUD) | 12458000 | &nbsp;&nbsp;&nbsp; 6968118 |
| Queensland Treasury Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 07/20/34 (AUD) (144A) | 15808000 | &nbsp;&nbsp;&nbsp; 8202845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/22/33 (AUD) | 9320000 | &nbsp;&nbsp;&nbsp; 5114046 |
| Treasury Corp. of Victoria |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/20/37 (AUD) | 23416000 | &nbsp;&nbsp;&nbsp; 10914424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 11/20/34 (AUD) | 2047000 | &nbsp;&nbsp;&nbsp; 1092506 |
|  |  | &nbsp;&nbsp;&nbsp; 35675225 |
| **Brazil — 8.7%** | **Brazil — 8.7%** | **Brazil — 8.7%** |
| Brazil Notas do Tesouro Nacional |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 01/01/31 (BRL) | 122391000 | &nbsp;&nbsp;&nbsp; 20643509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 01/01/33 (BRL) | 52045000 | &nbsp;&nbsp;&nbsp; 8434163 |
|  |  | &nbsp;&nbsp;&nbsp; 29077672 |
| **Colombia — 3.4%** | **Colombia — 3.4%** | **Colombia — 3.4%** |
| Colombia TES |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 07/09/36 (COP) | 4082000000 | &nbsp;&nbsp;&nbsp; 707151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 10/18/34 (COP) | 11954000000 | &nbsp;&nbsp;&nbsp; 2290479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 05/28/42 (COP) | 18685000000 | &nbsp;&nbsp;&nbsp; 3830485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13.250%, 02/09/33 (COP) | 16739000000 | &nbsp;&nbsp;&nbsp; 4503375 |
|  |  | &nbsp;&nbsp;&nbsp; 11331490 |
| **Egypt — 6.1%** | **Egypt — 6.1%** | **Egypt — 6.1%** |
| Egypt Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 01/31/47 (144A) | 2830000 | &nbsp;&nbsp;&nbsp; 2440775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.700%, 03/01/49 (144A) | 1700000 | &nbsp;&nbsp;&nbsp; 1486917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 09/30/51 (144A) | 1430000 | &nbsp;&nbsp;&nbsp; 1252782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 05/29/50 (144A) | 3810000 | &nbsp;&nbsp;&nbsp; 3360003 |
| Egypt Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 24.208%, 06/09/26 (EGP) (a) | 671000000 | &nbsp;&nbsp;&nbsp; 11753277 |
|  |  | &nbsp;&nbsp;&nbsp; 20293754 |
| **Ghana — 0.7%** | **Ghana — 0.7%** | **Ghana — 0.7%** |
| Ghana Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/03/35 (144A) (b) | 270000 | &nbsp;&nbsp;&nbsp; 229953 |
| Republic of Ghana Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.350%, 3.350% PIK, 02/16/27 (GHS) (c) | 5711308 | &nbsp;&nbsp;&nbsp; 513569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 3.500% PIK, 02/15/28 (GHS) (c) | 5369603 | &nbsp;&nbsp;&nbsp; 468837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.650%, 3.650% PIK, 02/13/29 (GHS) (c) | 6642607 | &nbsp;&nbsp;&nbsp; 571066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.100%, 4.100% PIK, 02/10/32 (GHS) (c) | 4631448 | &nbsp;&nbsp;&nbsp; 359290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 4.250% PIK, 02/08/33 (GHS) (c) | 1308546 | &nbsp;&nbsp;&nbsp; 99334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.550%, 4.550% PIK, 02/06/35 (GHS) (c) | 476785 | &nbsp;&nbsp;&nbsp; 36796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.850%, 4.850% PIK, 02/03/37 (GHS) (c) | 390653 | &nbsp;&nbsp;&nbsp; 29453 |
|  |  | &nbsp;&nbsp;&nbsp; 2308298 |
| **Greece — 1.5%** | **Greece — 1.5%** | **Greece — 1.5%** |
| Hellenic Republic Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 06/15/34 (EUR) (144A) | 2265000 | &nbsp;&nbsp;&nbsp; 2570524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 06/15/33 (EUR) (144A) | 2004000 | &nbsp;&nbsp;&nbsp; 2428399 |
|  |  | &nbsp;&nbsp;&nbsp; 4998923 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **India — 6.1%** | **India — 6.1%** | **India — 6.1%** |
| India Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.790%, 05/15/27 (INR) | 24810000 | &nbsp;&nbsp;&nbsp; $263417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.790%, 10/07/34 (INR) | 234400000 | &nbsp;&nbsp;&nbsp; 2423486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.100%, 04/18/29 (INR) | 131600000 | &nbsp;&nbsp;&nbsp; 1412319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.100%, 04/08/34 (INR) | 95110000 | &nbsp;&nbsp;&nbsp; 1001343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.180%, 08/14/33 (INR) | 778400000 | &nbsp;&nbsp;&nbsp; 8248892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.260%, 08/22/32 (INR) | 658300000 | &nbsp;&nbsp;&nbsp; 7027495 |
|  |  | &nbsp;&nbsp;&nbsp; 20376952 |
| **Malaysia — 9.6%** | **Malaysia — 9.6%** | **Malaysia — 9.6%** |
| Malaysia Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.582%, 07/15/32 (MYR) | 29727000 | &nbsp;&nbsp;&nbsp; 7352605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.733%, 06/15/28 (MYR) | 7220000 | &nbsp;&nbsp;&nbsp; 1801598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.885%, 08/15/29 (MYR) | 1440000 | &nbsp;&nbsp;&nbsp; 361649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.899%, 11/16/27 (MYR) | 72760000 | &nbsp;&nbsp;&nbsp; 18192474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.498%, 04/15/30 (MYR) | 16474000 | &nbsp;&nbsp;&nbsp; 4235549 |
|  |  | &nbsp;&nbsp;&nbsp; 31943875 |
| **Mexico — 4.0%** | **Mexico — 4.0%** | **Mexico — 4.0%** |
| Mexico Bonos |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 05/29/31 (MXN) | 19550000 | &nbsp;&nbsp;&nbsp; 1039402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 03/01/29 (MXN) | 35670000 | &nbsp;&nbsp;&nbsp; 1993524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 05/31/29 (MXN) | 86600000 | &nbsp;&nbsp;&nbsp; 4825789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 02/28/30 (MXN) | 99060000 | &nbsp;&nbsp;&nbsp; 5488453 |
|  |  | &nbsp;&nbsp;&nbsp; 13347168 |
| **Norway — 5.0%** | **Norway — 5.0%** | **Norway — 5.0%** |
| Norway Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 02/17/27 (NOK) (144A) | 164831000 | &nbsp;&nbsp;&nbsp; 16644972 |
| **Panama — 4.7%** | **Panama — 4.7%** | **Panama — 4.7%** |
| Panama Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.252%, 09/29/32 | 340000 | &nbsp;&nbsp;&nbsp; 279208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.298%, 01/19/33 | 290000 | &nbsp;&nbsp;&nbsp; 252561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.400%, 02/14/35 | 1730000 | &nbsp;&nbsp;&nbsp; 1795429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 01/26/36 (d) | 310000 | &nbsp;&nbsp;&nbsp; 326557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 01/31/36 | 1970000 | &nbsp;&nbsp;&nbsp; 2092672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 03/01/38 | 9500000 | &nbsp;&nbsp;&nbsp; 10876075 |
|  |  | &nbsp;&nbsp;&nbsp; 15622502 |
| **South Africa — 7.4%** | **South Africa — 7.4%** | **South Africa — 7.4%** |
| Republic of South Africa Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 01/31/37 (ZAR) | 167321000 | &nbsp;&nbsp;&nbsp; 9234853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 01/31/44 (ZAR) | 81417600 | &nbsp;&nbsp;&nbsp; 4358342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 02/28/35 (ZAR) | 19320000 | &nbsp;&nbsp;&nbsp; 1121624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 01/31/40 (ZAR) | 180730000 | &nbsp;&nbsp;&nbsp; 10030201 |
|  |  | &nbsp;&nbsp;&nbsp; 24745020 |
| **South Korea — 3.5%** | **South Korea — 3.5%** | **South Korea — 3.5%** |
| Korea Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 09/10/27 (KRW) | 18121100000 | &nbsp;&nbsp;&nbsp; 11804990 |
| **Spain — 4.6%** | **Spain — 4.6%** | **Spain — 4.6%** |
| Spain Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.150%, 04/30/35 (EUR) (144A) | 12510000 | &nbsp;&nbsp;&nbsp; 14160848 |

---

**BHFTI-128**

------

**Brighthouse Funds Trust I**

**Brighthouse/Templeton International Bond Portfolio**

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

**Foreign Government—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Spain — (continued)** | **Spain — (continued)** | **Spain — (continued)** |
| Spain Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.550%, 10/31/33 (EUR) (144A) | 1037000 | &nbsp;&nbsp;&nbsp; $1220551 |
|  |  | &nbsp;&nbsp;&nbsp; 15381399 |
| **Uruguay — 3.4%** | **Uruguay — 3.4%** | **Uruguay — 3.4%** |
| Uruguay Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 07/02/40 (UYU) (e) | 430455709 | &nbsp;&nbsp;&nbsp; 11528969 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Foreign Government <br>(Cost $265,019,355) <br>|  | &nbsp;&nbsp;&nbsp; 265081209 |
| **Corporate Bonds & Notes—4.4%** | **Corporate Bonds & Notes—4.4%** | **Corporate Bonds & Notes—4.4%** |
| **Supranational — 4.4%** | **Supranational — 4.4%** | **Supranational — 4.4%** |
| International Bank for Reconstruction & Development |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.890%, 02/06/30 (INR) | 900000000 | &nbsp;&nbsp;&nbsp; 9364678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.070%, 06/26/29 (MXN) | 98200000 | &nbsp;&nbsp;&nbsp; 5255450 |
|  |  | &nbsp;&nbsp;&nbsp; 14620128 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $15,996,119) <br>|  | &nbsp;&nbsp;&nbsp; 14620128 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—15.1%** | **Short-Term Investments—15.1%** | **Short-Term Investments—15.1%** |
| **Discount Note — 14.9%** |  |  |
| Federal Home Loan Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 04/01/26 (a) | 49633000 | &nbsp;&nbsp;&nbsp; 49628050 |
| **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 $875,617; <br> collateralized by U.S. Treasury Note at 3.875%, maturing <br> 03/31/28, with a market value of $893,205<br>| 875557 | &nbsp;&nbsp;&nbsp; 875557 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $50,508,557) <br>|  | &nbsp;&nbsp;&nbsp; 50503607 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—98.9% <br>(Cost $331,524,031) <br>|  | &nbsp;&nbsp;&nbsp; 330204944 |
| Other assets and liabilities (net)—1.1%  |  | &nbsp;&nbsp;&nbsp; 3608123 |
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $333813067 |

---

&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) The rate shown represents current yield to maturity.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Security is a "step up" bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Payment-in kind security for which part of the income earned may be paid as additional principal.

&nbsp;&nbsp;&nbsp;&nbsp;(d) All or a portion of the security was held on loan. As of March 31, 2026, the market
 value of securities loaned was $263,353 and the collateral received consisted of non-cash collateral with a value of $271,594. 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;(e) Principal amount of security is adjusted for inflation.

&nbsp;&nbsp;&nbsp;&nbsp;(144A) Securities exempt from registration under Rule 144A of the Securities Act of 1933.
 These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of March 31, 2026, the market value of 144A securities was $53,998,569, which is 16.2% of net assets.

**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>|
| CLP | &nbsp;&nbsp; 2435700000 | HSBC | 06/09/26 | USD | 2675270 | &nbsp;&nbsp; $(43850)<br>|
| CLP | &nbsp;&nbsp; 1979400000 | HSBC | 06/16/26 | USD | 2184599 | &nbsp;&nbsp; (46172)<br>|
| CLP | &nbsp;&nbsp; 2238400000 | HSBC | 06/22/26 | USD | 2472114 | &nbsp;&nbsp; (53904)<br>|
| CLP | &nbsp;&nbsp; 1521500000 | JPMC | 04/27/26 | USD | 1755753 | &nbsp;&nbsp; (112353)<br>|
| CNH | &nbsp;&nbsp; 28600000 | HSBC | 04/15/26 | USD | 4142706 | &nbsp;&nbsp; 13651 |

---

**BHFTI-129**

------

**Brighthouse Funds Trust I**

**Brighthouse/Templeton International Bond 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>|
| EGP | &nbsp;&nbsp; 171631000 | HSBC | 06/17/26 | USD | 3200578 | &nbsp;&nbsp; $(221800)<br>|
| JPY | &nbsp;&nbsp; 187851130 | JPMC | 07/27/26 | USD | 1238756 | &nbsp;&nbsp; (43683)<br>|
| JPY | &nbsp;&nbsp; 4611202000 | MSCS | 05/07/26 | USD | 30560632 | &nbsp;&nbsp; (1418673)<br>|
| JPY | &nbsp;&nbsp; 4188844000 | MSCS | 08/10/26 | USD | 27086137 | &nbsp;&nbsp; (407663)<br>|
| JPY | &nbsp;&nbsp; 4611202000 | MSCS | 09/17/26 | USD | 29421536 | &nbsp;&nbsp; 36515 |
| KRW | &nbsp;&nbsp; 19421000000 | JPMC | 06/17/26 | USD | 13156968 | &nbsp;&nbsp; (448137)<br>|
| MXN | &nbsp;&nbsp; 3953377 | BNP | 06/10/26 | USD | 212326 | &nbsp;&nbsp; 7029 |
| MXN | &nbsp;&nbsp; 10878660 | BNP | 08/31/26 | USD | 623984 | &nbsp;&nbsp; (24698)<br>|
| MXN | &nbsp;&nbsp; 4025000 | HSBC | 06/10/26 | USD | 216203 | &nbsp;&nbsp; 7126 |
| MXN | &nbsp;&nbsp; 22784239 | HSBC | 08/31/26 | USD | 1306511 | &nbsp;&nbsp; (51368)<br>|
| MXN | &nbsp;&nbsp; 239610000 | JPMC | 08/31/26 | USD | 13741154 | &nbsp;&nbsp; (541473)<br>|
| RSD | &nbsp;&nbsp; 104954000 | DBAG | 04/01/26 | USD | 1047612 | &nbsp;&nbsp; (15159)<br>|
| RSD | &nbsp;&nbsp; 188900280 | DBAG | 07/20/26 | USD | 1863436 | &nbsp;&nbsp; (9285)<br>|
| RSD | &nbsp;&nbsp; 831323473 | DBAG | 09/16/26 | USD | 8140899 | &nbsp;&nbsp; 6458 |
| RSD | &nbsp;&nbsp; 104954000 | DBAG | 10/01/26 | USD | 1021947 | &nbsp;&nbsp; 6243 |

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contracts to Deliver** | **Contracts to Deliver** |  |  |  |  |  |
| CNH | &nbsp;&nbsp; 75487460 | HSBC | 04/15/26 | USD | 10880134 | &nbsp;&nbsp; (90245)<br>|
| CNH | &nbsp;&nbsp; 35742451 | JPMC | 05/21/26 | USD | 5079795 | &nbsp;&nbsp; (127421)<br>|
| CNH | &nbsp;&nbsp; 167009000 | MSCS | 07/27/26 | USD | 24231384 | &nbsp;&nbsp; (209076)<br>|
| EUR | &nbsp;&nbsp; 4408795 | BBP | 07/16/26 | USD | 5179893 | &nbsp;&nbsp; 60406 |
| EUR | &nbsp;&nbsp; 8779000 | JPMC | 07/16/26 | USD | 10315676 | &nbsp;&nbsp; 121512 |
| RSD | &nbsp;&nbsp; 104954000 | DBAG | 04/01/26 | USD | 1026345 | &nbsp;&nbsp; (6108)<br>|
| THB | &nbsp;&nbsp; 161718000 | CBNA | 10/02/26 | USD | 4953761 | &nbsp;&nbsp; (26008)<br>|
| THB | &nbsp;&nbsp; 141862000 | HSBC | 07/02/26 | USD | 4334563 | &nbsp;&nbsp; 583 |
| THB | &nbsp;&nbsp; 101777000 | HSBC | 08/03/26 | USD | 3096114 | &nbsp;&nbsp; (21774)<br>|
| THB | &nbsp;&nbsp; 141140000 | HSBC | 10/02/26 | USD | 4334554 | &nbsp;&nbsp; (11559)<br>|
| Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | &nbsp;&nbsp; $(3670886)<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 Foreign Government\* | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $265081209 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $265081209 |
| Total Corporate Bonds & Notes\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14620128 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14620128 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 50503607 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 50503607 |
| Total Investments | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $330204944 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $330204944 |
| Forward Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 259523 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 259523 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (3930409)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (3930409)<br>|
| Total Forward Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(3670886)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(3670886)<br>|

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-130**

------

**Brighthouse Funds Trust I**

**Brighthouse/Wellington Large Cap Research Portfolio**

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

**Common Stocks—99.3% 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 — 1.5%** | **Aerospace & Defense — 1.5%** | **Aerospace & Defense — 1.5%** |
| Axon Enterprise, Inc. (a) (b) | 5187 | &nbsp;&nbsp;&nbsp; $2202867 |
| Boeing Co. (b) | 43839 | &nbsp;&nbsp;&nbsp; 8725276 |
| Loar Holdings, Inc. (a) (b) | 109162 | &nbsp;&nbsp;&nbsp; 6253891 |
| Northrop Grumman Corp.  | 17989 | &nbsp;&nbsp;&nbsp; 12272815 |
| StandardAero, Inc. (b) | 163452 | &nbsp;&nbsp;&nbsp; 4221965 |
| York Space Systems, Inc. (a) (b) | 27127 | &nbsp;&nbsp;&nbsp; 601406 |
|  |  | &nbsp;&nbsp;&nbsp; 34278220 |
| **Air Freight & Logistics — 0.1%** | **Air Freight & Logistics — 0.1%** | **Air Freight & Logistics — 0.1%** |
| Hub Group, Inc. - Class A (a) | 52330 | &nbsp;&nbsp;&nbsp; 1885973 |
| **Automobile Components — 0.1%** | **Automobile Components — 0.1%** | **Automobile Components — 0.1%** |
| Goodyear Tire & Rubber Co. (a) (b) | 287499 | &nbsp;&nbsp;&nbsp; 1906118 |
| **Automobiles — 1.7%** | **Automobiles — 1.7%** | **Automobiles — 1.7%** |
| Tesla, Inc. (b) | 105082 | &nbsp;&nbsp;&nbsp; 39064234 |
| **Banks — 2.5%** | **Banks — 2.5%** | **Banks — 2.5%** |
| Fifth Third Bancorp (a) | 180496 | &nbsp;&nbsp;&nbsp; 8385844 |
| KeyCorp | 416731 | &nbsp;&nbsp;&nbsp; 8355457 |
| Wells Fargo & Co.  | 506317 | &nbsp;&nbsp;&nbsp; 40307896 |
|  |  | &nbsp;&nbsp;&nbsp; 57049197 |
| **Beverages — 1.3%** | **Beverages — 1.3%** | **Beverages — 1.3%** |
| Celsius Holdings, Inc. (a) (b) | 29945 | &nbsp;&nbsp;&nbsp; 1062448 |
| Coca-Cola Co.  | 215475 | &nbsp;&nbsp;&nbsp; 16386874 |
| Monster Beverage Corp. (b) | 76832 | &nbsp;&nbsp;&nbsp; 5567247 |
| PepsiCo, Inc.  | 23772 | &nbsp;&nbsp;&nbsp; 3691554 |
| Vita Coco Co., Inc. (a) (b) | 53915 | &nbsp;&nbsp;&nbsp; 2583068 |
|  |  | &nbsp;&nbsp;&nbsp; 29291191 |
| **Biotechnology — 2.4%** | **Biotechnology — 2.4%** | **Biotechnology — 2.4%** |
| AbbVie, Inc.  | 30411 | &nbsp;&nbsp;&nbsp; 6614088 |
| Amgen, Inc.  | 8745 | &nbsp;&nbsp;&nbsp; 3076928 |
| Apogee Therapeutics, Inc. (a) (b) | 9594 | &nbsp;&nbsp;&nbsp; 807527 |
| Argenx SE (ADR) (b) | 3178 | &nbsp;&nbsp;&nbsp; 2320734 |
| Ascendis Pharma AS (ADR) (b) | 6634 | &nbsp;&nbsp;&nbsp; 1517395 |
| Cogent Biosciences, Inc. (b) | 17963 | &nbsp;&nbsp;&nbsp; 691396 |
| Corvus Pharmaceuticals, Inc. (a) (b) | 25232 | &nbsp;&nbsp;&nbsp; 369144 |
| Cytokinetics, Inc. (a) (b) | 57592 | &nbsp;&nbsp;&nbsp; 3795889 |
| Dianthus Therapeutics, Inc. (b) | 8817 | &nbsp;&nbsp;&nbsp; 739923 |
| Disc Medicine, Inc. (a) (b) | 9311 | &nbsp;&nbsp;&nbsp; 595345 |
| Gilead Sciences, Inc.  | 26537 | &nbsp;&nbsp;&nbsp; 3698462 |
| Incyte Corp. (b) | 9129 | &nbsp;&nbsp;&nbsp; 859221 |
| Ionis Pharmaceuticals, Inc. (a) (b) | 10622 | &nbsp;&nbsp;&nbsp; 797606 |
| Mirum Pharmaceuticals, Inc. (a) (b) | 8452 | &nbsp;&nbsp;&nbsp; 780796 |
| Natera, Inc. (b) | 9588 | &nbsp;&nbsp;&nbsp; 1917504 |
| Newamsterdam Pharma Co. NV (a) (b) | 82600 | &nbsp;&nbsp;&nbsp; 2644026 |
| Protagonist Therapeutics, Inc. (a) (b) | 9112 | &nbsp;&nbsp;&nbsp; 960405 |
| Regeneron Pharmaceuticals, Inc.  | 5546 | &nbsp;&nbsp;&nbsp; 4285061 |
| Revolution Medicines, Inc. (b) | 21290 | &nbsp;&nbsp;&nbsp; 2070453 |
| Scholar Rock Holding Corp. (a) (b) | 11141 | &nbsp;&nbsp;&nbsp; 547692 |
| Spyre Therapeutics, Inc. (a) (b) | 19129 | &nbsp;&nbsp;&nbsp; 964867 |
| United Therapeutics Corp. (b) | 6841 | &nbsp;&nbsp;&nbsp; 4056576 |
| Vertex Pharmaceuticals, Inc. (b) | 16921 | &nbsp;&nbsp;&nbsp; 7555903 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Biotechnology—(Continued)** | **Biotechnology—(Continued)** | **Biotechnology—(Continued)** |
| Xenon Pharmaceuticals, Inc. (b) | 54638 | &nbsp;&nbsp;&nbsp; $3177200 |
|  |  | &nbsp;&nbsp;&nbsp; 54844141 |
| **Broadline Retail — 4.8%** | **Broadline Retail — 4.8%** | **Broadline Retail — 4.8%** |
| Amazon.com, Inc. (b) | 531702 | &nbsp;&nbsp;&nbsp; 110737576 |
| **Building Products — 1.2%** | **Building Products — 1.2%** | **Building Products — 1.2%** |
| AAON, Inc. (a) | 187388 | &nbsp;&nbsp;&nbsp; 15506357 |
| Builders FirstSource, Inc. (a) (b) | 24151 | &nbsp;&nbsp;&nbsp; 1988352 |
| Johnson Controls International PLC | 20112 | &nbsp;&nbsp;&nbsp; 2633667 |
| Trex Co., Inc. (b) | 201408 | &nbsp;&nbsp;&nbsp; 7335279 |
|  |  | &nbsp;&nbsp;&nbsp; 27463655 |
| **Capital Markets — 4.0%** | **Capital Markets — 4.0%** | **Capital Markets — 4.0%** |
| Bank of New York Mellon Corp.  | 78600 | &nbsp;&nbsp;&nbsp; 9324318 |
| Blackrock, Inc.  | 30824 | &nbsp;&nbsp;&nbsp; 29643749 |
| Goldman Sachs Group, Inc. (a) | 35974 | &nbsp;&nbsp;&nbsp; 30433644 |
| KKR & Co., Inc.  | 238145 | &nbsp;&nbsp;&nbsp; 22028413 |
|  |  | &nbsp;&nbsp;&nbsp; 91430124 |
| **Chemicals — 1.3%** | **Chemicals — 1.3%** | **Chemicals — 1.3%** |
| Celanese Corp. (a) | 53138 | &nbsp;&nbsp;&nbsp; 3494886 |
| Ingevity Corp. (b) | 13469 | &nbsp;&nbsp;&nbsp; 959397 |
| Linde PLC | 34782 | &nbsp;&nbsp;&nbsp; 17243524 |
| PPG Industries, Inc.  | 82802 | &nbsp;&nbsp;&nbsp; 8849878 |
|  |  | &nbsp;&nbsp;&nbsp; 30547685 |
| **Commercial Services & Supplies — 1.2%** | **Commercial Services & Supplies — 1.2%** | **Commercial Services & Supplies — 1.2%** |
| Clean Harbors, Inc. (b) | 54108 | &nbsp;&nbsp;&nbsp; 15514387 |
| Tetra Tech, Inc. (a) | 128292 | &nbsp;&nbsp;&nbsp; 3864155 |
| Waste Connections, Inc.  | 43968 | &nbsp;&nbsp;&nbsp; 7142162 |
|  |  | &nbsp;&nbsp;&nbsp; 26520704 |
| **Communications Equipment — 0.5%** | **Communications Equipment — 0.5%** | **Communications Equipment — 0.5%** |
| Arista Networks, Inc. (b) | 84156 | &nbsp;&nbsp;&nbsp; 10332674 |
| **Construction & Engineering — 0.5%** | **Construction & Engineering — 0.5%** | **Construction & Engineering — 0.5%** |
| Primoris Services Corp. (a) | 79210 | &nbsp;&nbsp;&nbsp; 11330198 |
| **Construction Materials — 0.6%** | **Construction Materials — 0.6%** | **Construction Materials — 0.6%** |
| James Hardie Industries PLC (a) (b) | 686907 | &nbsp;&nbsp;&nbsp; 13010019 |
| **Consumer Staples Distribution & Retail — 3.0%** | **Consumer Staples Distribution & Retail — 3.0%** | **Consumer Staples Distribution & Retail — 3.0%** |
| Casey's General Stores, Inc.  | 5283 | &nbsp;&nbsp;&nbsp; 3845284 |
| Performance Food Group Co. (a) (b) | 29769 | &nbsp;&nbsp;&nbsp; 2550013 |
| U.S. Foods Holding Corp. (a) (b) | 245991 | &nbsp;&nbsp;&nbsp; 22682830 |
| Walmart, Inc.  | 317823 | &nbsp;&nbsp;&nbsp; 39499042 |
|  |  | &nbsp;&nbsp;&nbsp; 68577169 |
| **Containers & Packaging — 0.2%** | **Containers & Packaging — 0.2%** | **Containers & Packaging — 0.2%** |
| Packaging Corp. of America | 22448 | &nbsp;&nbsp;&nbsp; 4763915 |
| **Distributors — 0.5%** | **Distributors — 0.5%** | **Distributors — 0.5%** |
| Pool Corp. (a) | 52353 | &nbsp;&nbsp;&nbsp; 10592582 |

---

**BHFTI-131**

------

**Brighthouse Funds Trust I**

**Brighthouse/Wellington Large Cap Research Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Electric Utilities — 0.8%** | **Electric Utilities — 0.8%** | **Electric Utilities — 0.8%** |
| NRG Energy, Inc.  | 63237 | &nbsp;&nbsp;&nbsp; $9241455 |
| PG&E Corp. (a) | 580529 | &nbsp;&nbsp;&nbsp; 10199895 |
|  |  | &nbsp;&nbsp;&nbsp; 19441350 |
| **Electrical Equipment — 0.9%** | **Electrical Equipment — 0.9%** | **Electrical Equipment — 0.9%** |
| Eaton Corp. PLC (a) | 29271 | &nbsp;&nbsp;&nbsp; 10469359 |
| Regal Rexnord Corp. (a) | 34994 | &nbsp;&nbsp;&nbsp; 6552976 |
| Vertiv Holdings Co. - Class A | 17415 | &nbsp;&nbsp;&nbsp; 4363851 |
|  |  | &nbsp;&nbsp;&nbsp; 21386186 |
| **Electronic Equipment, Instruments & Components — 0.3%** | **Electronic Equipment, Instruments & Components — 0.3%** | **Electronic Equipment, Instruments & Components — 0.3%** |
| Flex Ltd. (a) (b) | 121185 | &nbsp;&nbsp;&nbsp; 7932770 |
| **Entertainment — 1.0%** | **Entertainment — 1.0%** | **Entertainment — 1.0%** |
| Netflix, Inc. (b) | 47195 | &nbsp;&nbsp;&nbsp; 4537799 |
| Spotify Technology SA (b) | 10759 | &nbsp;&nbsp;&nbsp; 5217147 |
| Walt Disney Co.  | 143677 | &nbsp;&nbsp;&nbsp; 13847589 |
|  |  | &nbsp;&nbsp;&nbsp; 23602535 |
| **Financial Services — 4.1%** | **Financial Services — 4.1%** | **Financial Services — 4.1%** |
| Berkshire Hathaway, Inc. - Class B (b) | 78238 | &nbsp;&nbsp;&nbsp; 37491650 |
| Equitable Holdings, Inc.  | 194722 | &nbsp;&nbsp;&nbsp; 7226133 |
| Mastercard, Inc. - Class A | 97372 | &nbsp;&nbsp;&nbsp; 48652894 |
|  |  | &nbsp;&nbsp;&nbsp; 93370677 |
| **Food Products — 0.2%** | **Food Products — 0.2%** | **Food Products — 0.2%** |
| Freshpet, Inc. (a) (b) | 57022 | &nbsp;&nbsp;&nbsp; 3362017 |
| Magnum Ice Cream Co. NV (a) (b) | 42607 | &nbsp;&nbsp;&nbsp; 636975 |
|  |  | &nbsp;&nbsp;&nbsp; 3998992 |
| **Gas Utilities — 0.4%** | **Gas Utilities — 0.4%** | **Gas Utilities — 0.4%** |
| Atmos Energy Corp.  | 45420 | &nbsp;&nbsp;&nbsp; 8389982 |
| **Ground Transportation — 0.3%** | **Ground Transportation — 0.3%** | **Ground Transportation — 0.3%** |
| Knight-Swift Transportation Holdings, Inc.  | 125267 | &nbsp;&nbsp;&nbsp; 7212874 |
| **Health Care Equipment & Supplies — 1.8%** | **Health Care Equipment & Supplies — 1.8%** | **Health Care Equipment & Supplies — 1.8%** |
| Abbott Laboratories | 50272 | &nbsp;&nbsp;&nbsp; 5161426 |
| Boston Scientific Corp. (b) | 36406 | &nbsp;&nbsp;&nbsp; 2284477 |
| Dexcom, Inc. (b) | 74671 | &nbsp;&nbsp;&nbsp; 4689339 |
| Edwards Lifesciences Corp. (b) | 84613 | &nbsp;&nbsp;&nbsp; 6775809 |
| Intuitive Surgical, Inc. (b) | 21763 | &nbsp;&nbsp;&nbsp; 10032525 |
| LivaNova PLC (a) (b) | 20837 | &nbsp;&nbsp;&nbsp; 1324400 |
| Medtronic PLC | 23627 | &nbsp;&nbsp;&nbsp; 2047280 |
| STERIS PLC | 14463 | &nbsp;&nbsp;&nbsp; 3198203 |
| Stryker Corp. (a) | 15575 | &nbsp;&nbsp;&nbsp; 5117789 |
|  |  | &nbsp;&nbsp;&nbsp; 40631248 |
| **Health Care Providers & Services — 1.1%** | **Health Care Providers & Services — 1.1%** | **Health Care Providers & Services — 1.1%** |
| Alignment Healthcare, Inc. (b) | 179873 | &nbsp;&nbsp;&nbsp; 3169362 |
| Cardinal Health, Inc.  | 39932 | &nbsp;&nbsp;&nbsp; 8438031 |
| Elevance Health, Inc.  | 15677 | &nbsp;&nbsp;&nbsp; 4589442 |
| Guardian Pharmacy Services, Inc. - Class A (a) (b) | 131105 | &nbsp;&nbsp;&nbsp; 4937414 |
| UnitedHealth Group, Inc.  | 17334 | &nbsp;&nbsp;&nbsp; 4690407 |
|  |  | &nbsp;&nbsp;&nbsp; 25824656 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Health Care REITs — 0.9%** | **Health Care REITs — 0.9%** | **Health Care REITs — 0.9%** |
| Welltower, Inc.  | 106432 | &nbsp;&nbsp;&nbsp; $21042671 |
| **Hotels, Restaurants & Leisure — 2.6%** | **Hotels, Restaurants & Leisure — 2.6%** | **Hotels, Restaurants & Leisure — 2.6%** |
| DoorDash, Inc. - Class A (b) | 54389 | &nbsp;&nbsp;&nbsp; 8166508 |
| Hyatt Hotels Corp. - Class A (a) | 104084 | &nbsp;&nbsp;&nbsp; 14966239 |
| Marriott International, Inc. - Class A | 46947 | &nbsp;&nbsp;&nbsp; 15354955 |
| Navan, Inc. - Class A (a) (b) | 126567 | &nbsp;&nbsp;&nbsp; 1675747 |
| Royal Caribbean Cruises Ltd. (a) | 33348 | &nbsp;&nbsp;&nbsp; 9176703 |
| Starbucks Corp. (a) | 124953 | &nbsp;&nbsp;&nbsp; 11194539 |
|  |  | &nbsp;&nbsp;&nbsp; 60534691 |
| **Household Durables — 0.0%** | **Household Durables — 0.0%** | **Household Durables — 0.0%** |
| Champion Homes, Inc. (a) (b) | 7011 | &nbsp;&nbsp;&nbsp; 521408 |
| **Insurance — 2.0%** | **Insurance — 2.0%** | **Insurance — 2.0%** |
| Arch Capital Group Ltd. (b) | 79717 | &nbsp;&nbsp;&nbsp; 7652035 |
| Chubb Ltd.  | 37211 | &nbsp;&nbsp;&nbsp; 12128181 |
| Everest Group Ltd.  | 17803 | &nbsp;&nbsp;&nbsp; 5818911 |
| Hamilton Insurance Group Ltd. - Class B | 113571 | &nbsp;&nbsp;&nbsp; 3387823 |
| Marsh & McLennan Cos., Inc.  | 101090 | &nbsp;&nbsp;&nbsp; 17534060 |
|  |  | &nbsp;&nbsp;&nbsp; 46521010 |
| **Interactive Media & Services — 7.2%** | **Interactive Media & Services — 7.2%** | **Interactive Media & Services — 7.2%** |
| Alphabet, Inc. - Class A | 356212 | &nbsp;&nbsp;&nbsp; 102432323 |
| Meta Platforms, Inc. - Class A | 110573 | &nbsp;&nbsp;&nbsp; 63262130 |
|  |  | &nbsp;&nbsp;&nbsp; 165694453 |
| **IT Services — 0.4%** | **IT Services — 0.4%** | **IT Services — 0.4%** |
| Snowflake, Inc. - Class A (b) | 58566 | &nbsp;&nbsp;&nbsp; 8832924 |
| **Life Sciences Tools & Services — 0.9%** | **Life Sciences Tools & Services — 0.9%** | **Life Sciences Tools & Services — 0.9%** |
| Bio-Techne Corp. (a) | 20599 | &nbsp;&nbsp;&nbsp; 1076504 |
| Danaher Corp.  | 31933 | &nbsp;&nbsp;&nbsp; 6054497 |
| ICON PLC (b) | 30976 | &nbsp;&nbsp;&nbsp; 3427804 |
| Thermo Fisher Scientific, Inc.  | 7007 | &nbsp;&nbsp;&nbsp; 3444151 |
| Waters Corp. (b) | 10940 | &nbsp;&nbsp;&nbsp; 3257932 |
| West Pharmaceutical Services, Inc.  | 18199 | &nbsp;&nbsp;&nbsp; 4561397 |
|  |  | &nbsp;&nbsp;&nbsp; 21822285 |
| **Machinery — 0.9%** | **Machinery — 0.9%** | **Machinery — 0.9%** |
| IDEX Corp.  | 34622 | &nbsp;&nbsp;&nbsp; 6562600 |
| Middleby Corp. (b) | 30145 | &nbsp;&nbsp;&nbsp; 3996624 |
| PACCAR, Inc.  | 86598 | &nbsp;&nbsp;&nbsp; 10002069 |
|  |  | &nbsp;&nbsp;&nbsp; 20561293 |
| **Media — 0.4%** | **Media — 0.4%** | **Media — 0.4%** |
| EchoStar Corp. - Class A (a) (b) | 13161 | &nbsp;&nbsp;&nbsp; 1540758 |
| New York Times Co. - Class A (a) | 94483 | &nbsp;&nbsp;&nbsp; 7911062 |
|  |  | &nbsp;&nbsp;&nbsp; 9451820 |
| **Metals & Mining — 0.5%** | **Metals & Mining — 0.5%** | **Metals & Mining — 0.5%** |
| Newmont Corp.  | 38168 | &nbsp;&nbsp;&nbsp; 4131686 |
| Nucor Corp. (a) | 42257 | &nbsp;&nbsp;&nbsp; 7145659 |
|  |  | &nbsp;&nbsp;&nbsp; 11277345 |

---

**BHFTI-132**

------

**Brighthouse Funds Trust I**

**Brighthouse/Wellington Large Cap Research Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Multi-Utilities — 2.0%** | **Multi-Utilities — 2.0%** | **Multi-Utilities — 2.0%** |
| CMS Energy Corp. (a) | 160943 | &nbsp;&nbsp;&nbsp; $12485958 |
| Dominion Energy, Inc. (a) | 262609 | &nbsp;&nbsp;&nbsp; 16234488 |
| Sempra | 188301 | &nbsp;&nbsp;&nbsp; 18297208 |
|  |  | &nbsp;&nbsp;&nbsp; 47017654 |
| **Oil, Gas & Consumable Fuels — 5.1%** | **Oil, Gas & Consumable Fuels — 5.1%** | **Oil, Gas & Consumable Fuels — 5.1%** |
| Coterra Energy, Inc.  | 321691 | &nbsp;&nbsp;&nbsp; 11304222 |
| Exxon Mobil Corp.  | 340147 | &nbsp;&nbsp;&nbsp; 57709340 |
| Marathon Petroleum Corp.  | 45969 | &nbsp;&nbsp;&nbsp; 11224710 |
| Shell PLC (ADR) (a) | 228060 | &nbsp;&nbsp;&nbsp; 21209580 |
| Targa Resources Corp.  | 67179 | &nbsp;&nbsp;&nbsp; 16843791 |
|  |  | &nbsp;&nbsp;&nbsp; 118291643 |
| **Personal Care Products — 0.6%** | **Personal Care Products — 0.6%** | **Personal Care Products — 0.6%** |
| BellRing Brands, Inc. (b) | 100403 | &nbsp;&nbsp;&nbsp; 1615484 |
| elf Beauty, Inc. (a) (b) | 14258 | &nbsp;&nbsp;&nbsp; 864177 |
| Oddity Tech Ltd. - Class A (a) (b) | 26744 | &nbsp;&nbsp;&nbsp; 357835 |
| Unilever PLC (ADR) (a) | 185452 | &nbsp;&nbsp;&nbsp; 10565201 |
|  |  | &nbsp;&nbsp;&nbsp; 13402697 |
| **Pharmaceuticals — 4.6%** | **Pharmaceuticals — 4.6%** | **Pharmaceuticals — 4.6%** |
| AstraZeneca PLC (ADR) | 18363 | &nbsp;&nbsp;&nbsp; 3621551 |
| Elanco Animal Health, Inc. (a) (b) | 135147 | &nbsp;&nbsp;&nbsp; 3234068 |
| Eli Lilly & Co.  | 43252 | &nbsp;&nbsp;&nbsp; 39781892 |
| GSK PLC (ADR) (a) | 126795 | &nbsp;&nbsp;&nbsp; 6997816 |
| Haleon PLC (ADR) (a) | 1087942 | &nbsp;&nbsp;&nbsp; 10890299 |
| Johnson & Johnson | 36807 | &nbsp;&nbsp;&nbsp; 8997103 |
| Merck & Co., Inc.  | 222248 | &nbsp;&nbsp;&nbsp; 26734212 |
| Structure Therapeutics, Inc. (ADR) (a) (b) | 57769 | &nbsp;&nbsp;&nbsp; 2784466 |
| VeraDermics, Inc. (a) (b) | 31744 | &nbsp;&nbsp;&nbsp; 2004633 |
|  |  | &nbsp;&nbsp;&nbsp; 105046040 |
| **Professional Services — 0.2%** | **Professional Services — 0.2%** | **Professional Services — 0.2%** |
| KBR, Inc. (a) | 123715 | &nbsp;&nbsp;&nbsp; 4560135 |
| **Semiconductors & Semiconductor Equipment — 15.5%** | **Semiconductors & Semiconductor Equipment — 15.5%** | **Semiconductors & Semiconductor Equipment — 15.5%** |
| Advanced Micro Devices, Inc. (b) | 143078 | &nbsp;&nbsp;&nbsp; 29106357 |
| Broadcom, Inc.  | 243102 | &nbsp;&nbsp;&nbsp; 75242500 |
| KLA Corp.  | 12060 | &nbsp;&nbsp;&nbsp; 17757265 |
| Marvell Technology, Inc.  | 122382 | &nbsp;&nbsp;&nbsp; 12121937 |
| Micron Technology, Inc.  | 62300 | &nbsp;&nbsp;&nbsp; 21047432 |
| NVIDIA Corp.  | 1157065 | &nbsp;&nbsp;&nbsp; 201792136 |
|  |  | &nbsp;&nbsp;&nbsp; 357067627 |
| **Software — 8.1%** | **Software — 8.1%** | **Software — 8.1%** |
| Autodesk, Inc. (b) | 28652 | &nbsp;&nbsp;&nbsp; 6859289 |
| Crowdstrike Holdings, Inc. - Class A (b) | 12692 | &nbsp;&nbsp;&nbsp; 4955084 |
| Datadog, Inc. - Class A (b) | 55233 | &nbsp;&nbsp;&nbsp; 6520256 |
| Microsoft Corp.  | 303687 | &nbsp;&nbsp;&nbsp; 112415817 |
| Oracle Corp.  | 45274 | &nbsp;&nbsp;&nbsp; 6660258 |
| Palantir Technologies, Inc. - Class A (b) | 98494 | &nbsp;&nbsp;&nbsp; 14407702 |
| Palo Alto Networks, Inc. (b) | 56839 | &nbsp;&nbsp;&nbsp; 9112428 |
| Samsara, Inc. - Class A (a) (b) | 261096 | &nbsp;&nbsp;&nbsp; 8274132 |
| SAP SE (ADR) | 12400 | &nbsp;&nbsp;&nbsp; 2123004 |
| ServiceNow, Inc. (b) | 21605 | &nbsp;&nbsp;&nbsp; 2258803 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Software—(Continued)** | **Software—(Continued)** | **Software—(Continued)** |
| Synopsys, Inc. (a) (b) | 31794 | &nbsp;&nbsp;&nbsp; $12605685 |
|  |  | &nbsp;&nbsp;&nbsp; 186192458 |
| **Specialty Retail — 0.8%** | **Specialty Retail — 0.8%** | **Specialty Retail — 0.8%** |
| Lowe's Cos., Inc. (a) | 26995 | &nbsp;&nbsp;&nbsp; 6378379 |
| O'Reilly Automotive, Inc. (b) | 54940 | &nbsp;&nbsp;&nbsp; 5071511 |
| Ross Stores, Inc.  | 27063 | &nbsp;&nbsp;&nbsp; 5862658 |
|  |  | &nbsp;&nbsp;&nbsp; 17312548 |
| **Technology Hardware, Storage & Peripherals — 5.7%** | **Technology Hardware, Storage & Peripherals — 5.7%** | **Technology Hardware, Storage & Peripherals — 5.7%** |
| Apple, Inc.  | 512812 | &nbsp;&nbsp;&nbsp; 130146557 |
| **Tobacco — 0.7%** | **Tobacco — 0.7%** | **Tobacco — 0.7%** |
| British American Tobacco PLC (ADR) | 41185 | &nbsp;&nbsp;&nbsp; 2408087 |
| Philip Morris International, Inc.  | 88201 | &nbsp;&nbsp;&nbsp; 14583153 |
|  |  | &nbsp;&nbsp;&nbsp; 16991240 |
| **Trading Companies & Distributors — 1.1%** | **Trading Companies & Distributors — 1.1%** | **Trading Companies & Distributors — 1.1%** |
| EquipmentShare.com, Inc. - Class A (a) (b) | 160985 | &nbsp;&nbsp;&nbsp; 3279264 |
| Ferguson Enterprises, Inc.  | 36953 | &nbsp;&nbsp;&nbsp; 8619657 |
| WESCO International, Inc.  | 35521 | &nbsp;&nbsp;&nbsp; 9719256 |
| WW Grainger, Inc. (a) | 4268 | &nbsp;&nbsp;&nbsp; 4655577 |
|  |  | &nbsp;&nbsp;&nbsp; 26273754 |
| **Wireless Telecommunication Services — 0.8%** | **Wireless Telecommunication Services — 0.8%** | **Wireless Telecommunication Services — 0.8%** |
| T-Mobile U.S., Inc.  | 90938 | &nbsp;&nbsp;&nbsp; 19099708 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $1,996,994,436) <br>|  | &nbsp;&nbsp;&nbsp; 2283078606 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—0.9%** | **Short-Term Investments—0.9%** | **Short-Term Investments—0.9%** |
| **Repurchase Agreement—0.9%** | **Repurchase Agreement—0.9%** | **Repurchase Agreement—0.9%** |
| 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 $20,765,696; <br> collateralized by U.S. Treasury Note at 4.375%, maturing <br> 07/15/27, with a market value of $21,179,598<br>| 20764254 | &nbsp;&nbsp;&nbsp; 20764254 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $20,764,254) <br>|  | &nbsp;&nbsp;&nbsp; 20764254 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (c)—8.6%** | **Securities Lending Reinvestments (c)—8.6%** | **Securities Lending Reinvestments (c)—8.6%** |
| **Short-Term Investment Funds—1.6%** | **Short-Term Investment Funds—1.6%** | **Short-Term Investment Funds—1.6%** |
| &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>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| &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; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares 3.580% (d)<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |

---

**BHFTI-133**

------

**Brighthouse Funds Trust I**

**Brighthouse/Wellington Large Cap Research Portfolio**

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

**Securities Lending Reinvestments (c)—(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; Western Asset Institutional Government Reserves Fund, <br>Institutional Class 3.560% (d)<br>| 500000 | &nbsp;&nbsp;&nbsp; $500000 |
|  |  | &nbsp;&nbsp;&nbsp; 37500000 |

---

&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) | 2500000 | &nbsp;&nbsp;&nbsp; 2500970 |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.760%, 05/12/26 | 1000000 | &nbsp;&nbsp;&nbsp; 999969 |
| Commonwealth Bank of Australia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 04/13/26 (e) | 1000000 | &nbsp;&nbsp;&nbsp; 1000040 |
| Mitsubishi UFJ Trust & Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/12/26 | 1000000 | &nbsp;&nbsp;&nbsp; 992230 |
| 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 | 1000000 | &nbsp;&nbsp;&nbsp; 1000006 |
|  |  | &nbsp;&nbsp;&nbsp; 10458995 |
| **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 |
| ING U.S. Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.960%, SOFR + 0.330%, 09/18/26 (e) | 1000000 | &nbsp;&nbsp;&nbsp; 999950 |
| Ionic Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.720%, 04/01/26 | 1000000 | &nbsp;&nbsp;&nbsp; 999892 |
| 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; 6994463 |
| **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 $14,001,466; <br> collateralized by various Common Stock with an aggregate <br> market value of $15,604,397<br>| 14000000 | &nbsp;&nbsp;&nbsp; 14000000 |
| 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 $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 $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 3.660%, due on <br> 04/01/26 with a maturity value of $5,000,508; collateralized <br> by U.S. Treasury Obligations with rates ranging from 4.000% - <br> 4.500%, maturity dates ranging from 05/31/29 - 07/31/29, <br> and an aggregate market value of $5,100,006<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** |
| 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 $19,001,937; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 0.000% - 4.875%, maturity dates ranging from <br> 04/09/26 - 02/15/56, and an aggregate market value of <br> $19,380,000<br>| 19000000 | &nbsp;&nbsp;&nbsp; $19000000 |
| 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 $10,001,025; <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 $10,200,132<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 4.130%, due on <br> 10/02/26 with a maturity value of $10,212,236; <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 $10,200,132<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| 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 $1,202,314; collateralized <br> by 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 $1,226,237<br>| 1202193 | &nbsp;&nbsp;&nbsp; 1202193 |
| 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 $2,500,262; collateralized <br> by various Common Stock with an aggregate market value of <br> $2,786,572<br>| 2500000 | &nbsp;&nbsp;&nbsp; 2500000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.780%, due on <br> 04/01/26 with a maturity value of $10,001,050; <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 $11,109,825<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| 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 $5,003,694; 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> $5,340,556<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| 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 $12,008,937; <br> collateralized by various Common Stock with an aggregate <br> market value of $13,376,101<br>| 12000000 | &nbsp;&nbsp;&nbsp; 12000000 |
|  |  | &nbsp;&nbsp;&nbsp; 128702193 |
| **Time Deposits—0.6%** | **Time Deposits—0.6%** | **Time Deposits—0.6%** |
| Credit Agricole CIB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.630%, 04/01/26 | 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| DZ Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |

---

**BHFTI-134**

------

**Brighthouse Funds Trust I**

**Brighthouse/Wellington Large Cap Research Portfolio**

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

**Securities Lending Reinvestments (c)—(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 | 4000000 | &nbsp;&nbsp;&nbsp; $4000000 |
|  |  | &nbsp;&nbsp;&nbsp; 13000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $196,654,813) <br>|  | &nbsp;&nbsp;&nbsp; 196655651 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—108.8% <br>(Cost $2,214,413,503) <br>|  | &nbsp;&nbsp;&nbsp; 2500498511 |
| Other assets and liabilities (net)—(8.8)%  |  | &nbsp;&nbsp;&nbsp; (201909145)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $2298589366 |

---

&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 $248,737,947 and the collateral received consisted of cash in the amount <br> of $196,639,307 and non-cash collateral with a value of $50,713,917. 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. |
| (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>|

---

**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; 06/18/26 | &nbsp;&nbsp; 28 | USD | 9199050 | &nbsp;&nbsp; $(170157)<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; $2283078606 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $2283078606 |
| Total Short-Term Investments\* | &nbsp;&nbsp; — | &nbsp;&nbsp; 20764254 | &nbsp;&nbsp; — | &nbsp;&nbsp; 20764254 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp; 37500000 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 37500000 |
| &nbsp;&nbsp;&nbsp; Certificates of Deposit | &nbsp;&nbsp; — | &nbsp;&nbsp; 10458995 | &nbsp;&nbsp; — | &nbsp;&nbsp; 10458995 |
| &nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp; — | &nbsp;&nbsp; 6994463 | &nbsp;&nbsp; — | &nbsp;&nbsp; 6994463 |
| &nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp; — | &nbsp;&nbsp; 128702193 | &nbsp;&nbsp; — | &nbsp;&nbsp; 128702193 |
| &nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp; — | &nbsp;&nbsp; 13000000 | &nbsp;&nbsp; — | &nbsp;&nbsp; 13000000 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp; 37500000 | &nbsp;&nbsp; 159155651 | &nbsp;&nbsp; — | &nbsp;&nbsp; 196655651 |
| Total Investments | &nbsp;&nbsp; $2320578606 | &nbsp;&nbsp; $179919905 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $2500498511 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(196639307)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(196639307)<br>|
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp; $(170157)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(170157)<br>|

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-135**

------

**Brighthouse Funds Trust I**

**CBRE Global Real Estate 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>|
| **Australia — 5.7%** | **Australia — 5.7%** | **Australia — 5.7%** |
| Charter Hall Group (REIT) | 811204 | &nbsp;&nbsp;&nbsp; $10537797 |
| Goodman Group (REIT) | 1020727 | &nbsp;&nbsp;&nbsp; 18170927 |
| GPT Group (REIT) | 2461770 | &nbsp;&nbsp;&nbsp; 7729292 |
| Scentre Group (REIT) | 2326645 | &nbsp;&nbsp;&nbsp; 5367887 |
| Vicinity Ltd. (REIT) | 2811731 | &nbsp;&nbsp;&nbsp; 4561799 |
|  |  | &nbsp;&nbsp;&nbsp; 46367702 |
| **Belgium — 1.3%** | **Belgium — 1.3%** | **Belgium — 1.3%** |
| Aedifica SA (REIT) | 84335 | &nbsp;&nbsp;&nbsp; 6808384 |
| Warehouses De Pauw CVA (REIT) | 155395 | &nbsp;&nbsp;&nbsp; 4039017 |
|  |  | &nbsp;&nbsp;&nbsp; 10847401 |
| **Canada — 1.0%** | **Canada — 1.0%** | **Canada — 1.0%** |
| Boardwalk Real Estate Investment Trust (REIT) | 75063 | &nbsp;&nbsp;&nbsp; 3396748 |
| Granite Real Estate Investment Trust (REIT) | 86734 | &nbsp;&nbsp;&nbsp; 5100166 |
|  |  | &nbsp;&nbsp;&nbsp; 8496914 |
| **France — 4.6%** | **France — 4.6%** | **France — 4.6%** |
| Carmila SA (REIT) (a) | 150214 | &nbsp;&nbsp;&nbsp; 2912367 |
| Klepierre SA (REIT) | 359726 | &nbsp;&nbsp;&nbsp; 13558452 |
| Mercialys SA (REIT) | 177787 | &nbsp;&nbsp;&nbsp; 2410820 |
| Unibail-Rodamco-Westfield (REIT) (a) | 165793 | &nbsp;&nbsp;&nbsp; 18529741 |
|  |  | &nbsp;&nbsp;&nbsp; 37411380 |
| **Germany — 1.0%** | **Germany — 1.0%** | **Germany — 1.0%** |
| Sirius Real Estate Ltd. (REIT) | 2414672 | &nbsp;&nbsp;&nbsp; 2965421 |
| TAG Immobilien AG | 315285 | &nbsp;&nbsp;&nbsp; 4930978 |
|  |  | &nbsp;&nbsp;&nbsp; 7896399 |
| **Hong Kong — 3.9%** | **Hong Kong — 3.9%** | **Hong Kong — 3.9%** |
| CK Asset Holdings Ltd.  | 564997 | &nbsp;&nbsp;&nbsp; 3227358 |
| Hongkong Land Holdings Ltd.  | 658000 | &nbsp;&nbsp;&nbsp; 5146515 |
| Link REIT (REIT) | 612516 | &nbsp;&nbsp;&nbsp; 2835987 |
| Sun Hung Kai Properties Ltd.  | 729598 | &nbsp;&nbsp;&nbsp; 12365889 |
| Swire Properties Ltd.  | 2740415 | &nbsp;&nbsp;&nbsp; 7964702 |
|  |  | &nbsp;&nbsp;&nbsp; 31540451 |
| **Japan — 9.0%** | **Japan — 9.0%** | **Japan — 9.0%** |
| Activia Properties, Inc. (REIT) | 3584 | &nbsp;&nbsp;&nbsp; 3175728 |
| Daiwa Office Investment Corp. (REIT) | 2532 | &nbsp;&nbsp;&nbsp; 5259645 |
| Frontier Real Estate Investment Corp. (REIT) | 4023 | &nbsp;&nbsp;&nbsp; 2147722 |
| GLP J-Reit (REIT) | 2929 | &nbsp;&nbsp;&nbsp; 2401509 |
| Invincible Investment Corp. (REIT) (b) | 6522 | &nbsp;&nbsp;&nbsp; 2453402 |
| Japan Hotel REIT Investment Corp. (REIT) | 5215 | &nbsp;&nbsp;&nbsp; 2466633 |
| Japan Logistics Fund, Inc. (REIT) | 4947 | &nbsp;&nbsp;&nbsp; 2987307 |
| Japan Prime Realty Investment Corp. (REIT) (b) | 3769 | &nbsp;&nbsp;&nbsp; 2312994 |
| LaSalle Logiport REIT (REIT) | 3212 | &nbsp;&nbsp;&nbsp; 3014048 |
| Mitsubishi Estate Co. Ltd. (b) | 104700 | &nbsp;&nbsp;&nbsp; 2897189 |
| Mitsui Fudosan Co. Ltd.  | 1910000 | &nbsp;&nbsp;&nbsp; 20216510 |
| Orix JREIT, Inc. (REIT) | 11437 | &nbsp;&nbsp;&nbsp; 6981814 |
| Sumitomo Realty & Development Co. Ltd.  | 422300 | &nbsp;&nbsp;&nbsp; 11872847 |
| Tokyo Tatemono Co. Ltd. (b) | 187600 | &nbsp;&nbsp;&nbsp; 4306581 |
|  |  | &nbsp;&nbsp;&nbsp; 72493929 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Netherlands — 0.3%** | **Netherlands — 0.3%** | **Netherlands — 0.3%** |
| Eurocommercial Properties NV (REIT) | 70293 | &nbsp;&nbsp;&nbsp; $2142799 |
| **Singapore — 3.2%** | **Singapore — 3.2%** | **Singapore — 3.2%** |
| CapitaLand Integrated Commercial Trust (REIT) | 6093400 | &nbsp;&nbsp;&nbsp; 10943655 |
| Centurion Accommodation REIT (REIT) | 6515900 | &nbsp;&nbsp;&nbsp; 5609958 |
| City Developments Ltd.  | 821000 | &nbsp;&nbsp;&nbsp; 5290139 |
| Lendlease Global Commercial REIT (REIT) | 9544900 | &nbsp;&nbsp;&nbsp; 3983788 |
|  |  | &nbsp;&nbsp;&nbsp; 25827540 |
| **Spain — 0.5%** | **Spain — 0.5%** | **Spain — 0.5%** |
| Merlin Properties Socimi SA (REIT) | 259589 | &nbsp;&nbsp;&nbsp; 4222901 |
| **Sweden — 1.4%** | **Sweden — 1.4%** | **Sweden — 1.4%** |
| Castellum AB (b) | 416640 | &nbsp;&nbsp;&nbsp; 4840625 |
| Catena AB | 47702 | &nbsp;&nbsp;&nbsp; 2239326 |
| Pandox AB | 202297 | &nbsp;&nbsp;&nbsp; 3868729 |
|  |  | &nbsp;&nbsp;&nbsp; 10948680 |
| **Switzerland — 0.4%** | **Switzerland — 0.4%** | **Switzerland — 0.4%** |
| PSP Swiss Property AG | 17273 | &nbsp;&nbsp;&nbsp; 3437929 |
| **United Kingdom — 3.7%** | **United Kingdom — 3.7%** | **United Kingdom — 3.7%** |
| Big Yellow Group PLC (REIT) | 312947 | &nbsp;&nbsp;&nbsp; 3538189 |
| Land Securities Group PLC (REIT) | 768422 | &nbsp;&nbsp;&nbsp; 5701887 |
| LondonMetric Property PLC (REIT) | 3917645 | &nbsp;&nbsp;&nbsp; 9432620 |
| Primary Health Properties PLC (REIT) | 1973949 | &nbsp;&nbsp;&nbsp; 2392167 |
| Tritax Big Box REIT PLC (REIT) | 4705891 | &nbsp;&nbsp;&nbsp; 8872855 |
|  |  | &nbsp;&nbsp;&nbsp; 29937718 |
| **United States — 62.2%** | **United States — 62.2%** | **United States — 62.2%** |
| American Healthcare REIT, Inc. (REIT) (b) | 182947 | &nbsp;&nbsp;&nbsp; 8627780 |
| American Homes 4 Rent (REIT) - Class A | 367793 | &nbsp;&nbsp;&nbsp; 10268781 |
| Brixmor Property Group, Inc. (REIT) | 517675 | &nbsp;&nbsp;&nbsp; 14909040 |
| BXP, Inc. (REIT) (b) | 66817 | &nbsp;&nbsp;&nbsp; 3467802 |
| Camden Property Trust (REIT) (b) | 103069 | &nbsp;&nbsp;&nbsp; 10065719 |
| Cousins Properties, Inc. (REIT) | 252599 | &nbsp;&nbsp;&nbsp; 5701159 |
| CubeSmart (REIT) | 228079 | &nbsp;&nbsp;&nbsp; 8359095 |
| Digital Realty Trust, Inc. (REIT) | 8895 | &nbsp;&nbsp;&nbsp; 1602968 |
| EastGroup Properties, Inc. (REIT) | 76395 | &nbsp;&nbsp;&nbsp; 14139951 |
| Equinix, Inc. (REIT) | 56900 | &nbsp;&nbsp;&nbsp; 55775656 |
| Equity Residential (REIT) | 176911 | &nbsp;&nbsp;&nbsp; 10464286 |
| Essential Properties Realty Trust, Inc. (REIT) (b) | 240059 | &nbsp;&nbsp;&nbsp; 7288191 |
| First Industrial Realty Trust, Inc. (REIT) | 242785 | &nbsp;&nbsp;&nbsp; 14045112 |
| Gaming & Leisure Properties, Inc. (REIT) (b) | 242583 | &nbsp;&nbsp;&nbsp; 10763408 |
| Getty Realty Corp. (REIT) (b) | 176050 | &nbsp;&nbsp;&nbsp; 5598390 |
| Hilton Worldwide Holdings, Inc.  | 28824 | &nbsp;&nbsp;&nbsp; 8764802 |
| Iron Mountain, Inc. (REIT) | 207117 | &nbsp;&nbsp;&nbsp; 21154930 |
| Mid-America Apartment Communities, Inc. (REIT) | 73108 | &nbsp;&nbsp;&nbsp; 8927949 |
| Omega Healthcare Investors, Inc. (REIT) (b) | 412799 | &nbsp;&nbsp;&nbsp; 18088852 |
| Prologis, Inc. (REIT) | 325732 | &nbsp;&nbsp;&nbsp; 43055256 |
| Public Storage (REIT) (b) | 14897 | &nbsp;&nbsp;&nbsp; 4035299 |
| Realty Income Corp. (REIT) | 261562 | &nbsp;&nbsp;&nbsp; 16002363 |
| Regency Centers Corp. (REIT) (b) | 162556 | &nbsp;&nbsp;&nbsp; 12298987 |
| Simon Property Group, Inc. (REIT) | 214409 | &nbsp;&nbsp;&nbsp; 39993711 |
| STAG Industrial, Inc. (REIT) (b) | 298849 | &nbsp;&nbsp;&nbsp; 10776495 |
| Sun Communities, Inc. (REIT) (b) | 52552 | &nbsp;&nbsp;&nbsp; 6619450 |

---

**BHFTI-136**

------

**Brighthouse Funds Trust I**

**CBRE Global Real Estate Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **United States — (Continued)** | **United States — (Continued)** | **United States — (Continued)** |
| UDR, Inc. (REIT) (b) | 176742 | &nbsp;&nbsp;&nbsp; $5970345 |
| Ventas, Inc. (REIT) (b) | 243728 | &nbsp;&nbsp;&nbsp; 19932076 |
| VICI Properties, Inc. (REIT) | 893169 | &nbsp;&nbsp;&nbsp; 24401377 |
| Vornado Realty Trust (REIT) (b) | 200147 | &nbsp;&nbsp;&nbsp; 5201820 |
| Welltower, Inc. (REIT) (b) | 389887 | &nbsp;&nbsp;&nbsp; 77084559 |
|  |  | &nbsp;&nbsp;&nbsp; 503385609 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $741,872,518) <br>|  | &nbsp;&nbsp;&nbsp; 794957352 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—0.5%** | **Short-Term Investments—0.5%** | **Short-Term Investments—0.5%** |
| **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 $4,231,728; collateralized <br> by U.S. Treasury Note at 3.750%, maturing 08/15/27, with a <br> market value of $4,316,253<br>| 4231435 | &nbsp;&nbsp;&nbsp; 4231435 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $4,231,435) <br>|  | &nbsp;&nbsp;&nbsp; 4231435 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (c)—5.1%** | **Securities Lending Reinvestments (c)—5.1%** | **Securities Lending Reinvestments (c)—5.1%** |
| **Short-Term Investment Funds — 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds FedFund, <br>Institutional Shares, 3.550% (d)<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| &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; 10000000 |

---

&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>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &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>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
|  |  | &nbsp;&nbsp;&nbsp; 4000000 |
| **Repurchase Agreements — 3.4%** | **Repurchase Agreements — 3.4%** | **Repurchase Agreements — 3.4%** |
| 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 $1,000,101; 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 $1,020,000<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &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 $2,000,210; collateralized <br> by various Common Stock with an aggregate market value of <br> $2,224,562<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Repurchase Agreements — (Continued)** | **Repurchase Agreements — (Continued)** | **Repurchase Agreements — (Continued)** |
| Barclays Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.660%, 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 4.000% - <br> 4.500%, maturity dates ranging from 05/31/29 - 07/31/29, <br> and an aggregate market value of $2,040,003<br>| 2000000 | &nbsp;&nbsp;&nbsp; $2000000 |
| 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 $3,000,306; 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 $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 $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 |
| 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 $5,668,077; collateralized <br> by 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 $5,780,854<br>| 5667503 | &nbsp;&nbsp;&nbsp; 5667503 |
| 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 |
| &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 |
| 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 |

---

**BHFTI-137**

------

**Brighthouse Funds Trust I**

**CBRE Global Real Estate 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)** |
| 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; 27167503 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $41,167,503) <br>|  | &nbsp;&nbsp;&nbsp; 41167503 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—103.8% <br>(Cost $787,271,456) <br>|  | &nbsp;&nbsp;&nbsp; 840356290 |
| Other assets and liabilities (net)—(3.8)%  |  | &nbsp;&nbsp;&nbsp; (30465119)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $809891171 |

---

&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 $63,042,518 and the collateral received consisted of cash in the amount of 

---

| | |
|:---|:---|
|  | $41,167,503 and non-cash collateral with a value of $23,111,075. 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) <br>| Represents investment of cash collateral received from securities on loan as of March 31, 2026. |
| (d) <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>|
| Retail REITs | 18.2 |
| Industrial REITs | 16.8 |
| Health Care REITs | 16.4 |
| Specialized REITs | 16.0 |
| Real Estate Management & Development | 11.4 |
| Residential REITs | 7.6 |
| Diversified REITs | 6.5 |
| Office REITs | 3.6 |
| Hotels, Restaurants & Leisure | 1.1 |
| Hotel & Resort REITs | 0.6 |

---

**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; $46367702 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $46367702 |
| &nbsp;&nbsp;&nbsp; Belgium | &nbsp;&nbsp; — | &nbsp;&nbsp; 10847401 | &nbsp;&nbsp; — | &nbsp;&nbsp; 10847401 |
| &nbsp;&nbsp;&nbsp; Canada | &nbsp;&nbsp; 8496914 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 8496914 |
| &nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp; — | &nbsp;&nbsp; 37411380 | &nbsp;&nbsp; — | &nbsp;&nbsp; 37411380 |
| &nbsp;&nbsp;&nbsp; Germany | &nbsp;&nbsp; — | &nbsp;&nbsp; 7896399 | &nbsp;&nbsp; — | &nbsp;&nbsp; 7896399 |
| &nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp; — | &nbsp;&nbsp; 31540451 | &nbsp;&nbsp; — | &nbsp;&nbsp; 31540451 |
| &nbsp;&nbsp;&nbsp; Japan | &nbsp;&nbsp; — | &nbsp;&nbsp; 72493929 | &nbsp;&nbsp; — | &nbsp;&nbsp; 72493929 |
| &nbsp;&nbsp;&nbsp; Netherlands | &nbsp;&nbsp; — | &nbsp;&nbsp; 2142799 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2142799 |
| &nbsp;&nbsp;&nbsp; Singapore | &nbsp;&nbsp; — | &nbsp;&nbsp; 25827540 | &nbsp;&nbsp; — | &nbsp;&nbsp; 25827540 |
| &nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp; — | &nbsp;&nbsp; 4222901 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4222901 |
| &nbsp;&nbsp;&nbsp; Sweden | &nbsp;&nbsp; — | &nbsp;&nbsp; 10948680 | &nbsp;&nbsp; — | &nbsp;&nbsp; 10948680 |
| &nbsp;&nbsp;&nbsp; Switzerland | &nbsp;&nbsp; — | &nbsp;&nbsp; 3437929 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3437929 |
| &nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp; — | &nbsp;&nbsp; 29937718 | &nbsp;&nbsp; — | &nbsp;&nbsp; 29937718 |
| &nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp; 503385609 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 503385609 |
| Total Common Stocks | &nbsp;&nbsp; 511882523 | &nbsp;&nbsp; 283074829 | &nbsp;&nbsp; — | &nbsp;&nbsp; 794957352 |
| Total Short-Term Investments\* | &nbsp;&nbsp; — | &nbsp;&nbsp; 4231435 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4231435 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp; 10000000 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp; — | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4000000 |
| &nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp; — | &nbsp;&nbsp; 27167503 | &nbsp;&nbsp; — | &nbsp;&nbsp; 27167503 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp; 10000000 | &nbsp;&nbsp; 31167503 | &nbsp;&nbsp; — | &nbsp;&nbsp; 41167503 |
| Total Investments | &nbsp;&nbsp; $521882523 | &nbsp;&nbsp; $318473767 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $840356290 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(41167503)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(41167503)<br>|

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-138**

------

**Brighthouse Funds Trust I**

**Harris Oakmark International Portfolio**

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

**Common Stocks—94.4% 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 — 1.8%** | **Australia — 1.8%** | **Australia — 1.8%** |
| Glencore PLC (a) | 4367165 | &nbsp;&nbsp;&nbsp; $33277813 |
| **China — 3.5%** | **China — 3.5%** | **China — 3.5%** |
| Alibaba Group Holding Ltd.  | 1687800 | &nbsp;&nbsp;&nbsp; 26570225 |
| Prosus NV | 818033 | &nbsp;&nbsp;&nbsp; 37394762 |
|  |  | &nbsp;&nbsp;&nbsp; 63964987 |
| **Denmark — 2.3%** | **Denmark — 2.3%** | **Denmark — 2.3%** |
| DSV AS | 178200 | &nbsp;&nbsp;&nbsp; 42572720 |
| **France — 20.5%** | **France — 20.5%** | **France — 20.5%** |
| Accor SA | 844680 | &nbsp;&nbsp;&nbsp; 40470583 |
| Airbus SE | 189200 | &nbsp;&nbsp;&nbsp; 35536563 |
| BNP Paribas SA | 549575 | &nbsp;&nbsp;&nbsp; 52353069 |
| Capgemini SE | 229130 | &nbsp;&nbsp;&nbsp; 26781811 |
| Danone SA | 374800 | &nbsp;&nbsp;&nbsp; 30101018 |
| Dassault Systemes SE | 1904400 | &nbsp;&nbsp;&nbsp; 38773366 |
| Edenred SE | 1023340 | &nbsp;&nbsp;&nbsp; 20375222 |
| Kering SA | 102700 | &nbsp;&nbsp;&nbsp; 31055130 |
| LVMH Moet Hennessy Louis Vuitton SE | 71901 | &nbsp;&nbsp;&nbsp; 39967261 |
| Pernod Ricard SA | 442967 | &nbsp;&nbsp;&nbsp; 33062630 |
| Publicis Groupe SA | 392398 | &nbsp;&nbsp;&nbsp; 32451688 |
|  |  | &nbsp;&nbsp;&nbsp; 380928341 |
| **Germany — 22.2%** | **Germany — 22.2%** | **Germany — 22.2%** |
| adidas AG | 339607 | &nbsp;&nbsp;&nbsp; 53517370 |
| Allianz SE | 65000 | &nbsp;&nbsp;&nbsp; 26935213 |
| Aumovio SE (a) | 130969 | &nbsp;&nbsp;&nbsp; 5058738 |
| Bayer AG | 814883 | &nbsp;&nbsp;&nbsp; 37045450 |
| Bayerische Motoren Werke AG | 461007 | &nbsp;&nbsp;&nbsp; 41635594 |
| Brenntag SE (b) | 510261 | &nbsp;&nbsp;&nbsp; 33665303 |
| Continental AG | 385355 | &nbsp;&nbsp;&nbsp; 26490581 |
| Daimler Truck Holding AG | 687013 | &nbsp;&nbsp;&nbsp; 32750834 |
| Fresenius SE & Co. KGaA | 547323 | &nbsp;&nbsp;&nbsp; 28036384 |
| SAP SE | 212600 | &nbsp;&nbsp;&nbsp; 35978948 |
| Siemens Healthineers AG | 774400 | &nbsp;&nbsp;&nbsp; 32486355 |
| Symrise AG | 499300 | &nbsp;&nbsp;&nbsp; 42274951 |
| thyssenkrupp AG | 1932251 | &nbsp;&nbsp;&nbsp; 16666446 |
|  |  | &nbsp;&nbsp;&nbsp; 412542167 |
| **Hong Kong — 1.5%** | **Hong Kong — 1.5%** | **Hong Kong — 1.5%** |
| Prudential PLC | 2056262 | &nbsp;&nbsp;&nbsp; 28675255 |
| **Indonesia — 1.6%** | **Indonesia — 1.6%** | **Indonesia — 1.6%** |
| Bank Mandiri Persero Tbk. PT | 104504200 | &nbsp;&nbsp;&nbsp; 29304037 |
| **Italy — 1.9%** | **Italy — 1.9%** | **Italy — 1.9%** |
| Intesa Sanpaolo SpA | 4013500 | &nbsp;&nbsp;&nbsp; 24396940 |
| Ryanair Holdings PLC | 176500 | &nbsp;&nbsp;&nbsp; 5000323 |
| Ryanair Holdings PLC (ADR) | 91725 | &nbsp;&nbsp;&nbsp; 5301705 |
|  |  | &nbsp;&nbsp;&nbsp; 34698968 |
| **Japan — 5.3%** | **Japan — 5.3%** | **Japan — 5.3%** |
| Asahi Group Holdings Ltd.  | 2985700 | &nbsp;&nbsp;&nbsp; 29964395 |
| Fujitsu Ltd.  | 969200 | &nbsp;&nbsp;&nbsp; 19696630 |
| SMC Corp.  | 88700 | &nbsp;&nbsp;&nbsp; 34694105 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Unicharm Corp.  | 2533300 | &nbsp;&nbsp;&nbsp; $14751909 |
|  |  | &nbsp;&nbsp;&nbsp; 99107039 |
| **Mexico — 1.6%** | **Mexico — 1.6%** | **Mexico — 1.6%** |
| Fomento Economico Mexicano SAB de CV (ADR) (b) | 268100 | &nbsp;&nbsp;&nbsp; 29775186 |
| **Netherlands — 5.7%** | **Netherlands — 5.7%** | **Netherlands — 5.7%** |
| Akzo Nobel NV | 560930 | &nbsp;&nbsp;&nbsp; 32189056 |
| ASML Holding NV (NY Registry Shares) | 13800 | &nbsp;&nbsp;&nbsp; 18227454 |
| ASR Nederland NV | 409700 | &nbsp;&nbsp;&nbsp; 28225063 |
| IMCD NV (b) | 257000 | &nbsp;&nbsp;&nbsp; 26822827 |
|  |  | &nbsp;&nbsp;&nbsp; 105464400 |
| **South Korea — 2.8%** | **South Korea — 2.8%** | **South Korea — 2.8%** |
| Coupang, Inc. (a) | 1127300 | &nbsp;&nbsp;&nbsp; 21283424 |
| KB Financial Group, Inc.  | 322443 | &nbsp;&nbsp;&nbsp; 30166202 |
|  |  | &nbsp;&nbsp;&nbsp; 51449626 |
| **Sweden — 2.1%** | **Sweden — 2.1%** | **Sweden — 2.1%** |
| Hexagon AB - B Shares | 3990900 | &nbsp;&nbsp;&nbsp; 38830911 |
| **Switzerland — 1.8%** | **Switzerland — 1.8%** | **Switzerland — 1.8%** |
| Cie Financiere Richemont SA - Class A | 186113 | &nbsp;&nbsp;&nbsp; 33164009 |
| **United Kingdom — 12.5%** | **United Kingdom — 12.5%** | **United Kingdom — 12.5%** |
| AstraZeneca PLC (ADR) | 127550 | &nbsp;&nbsp;&nbsp; 25155411 |
| Bunzl PLC | 1063153 | &nbsp;&nbsp;&nbsp; 31851821 |
| Compass Group PLC | 1341100 | &nbsp;&nbsp;&nbsp; 37260768 |
| Diageo PLC | 962400 | &nbsp;&nbsp;&nbsp; 17881688 |
| Intertek Group PLC | 436745 | &nbsp;&nbsp;&nbsp; 21294324 |
| London Stock Exchange Group PLC | 174500 | &nbsp;&nbsp;&nbsp; 20623444 |
| Reckitt Benckiser Group PLC | 651620 | &nbsp;&nbsp;&nbsp; 44220675 |
| Unilever PLC | 602200 | &nbsp;&nbsp;&nbsp; 33763388 |
|  |  | &nbsp;&nbsp;&nbsp; 232051519 |
| **United States — 7.3%** | **United States — 7.3%** | **United States — 7.3%** |
| CNH Industrial NV (b) | 3557429 | &nbsp;&nbsp;&nbsp; 39131719 |
| Flutter Entertainment PLC (a) | 128402 | &nbsp;&nbsp;&nbsp; 13090584 |
| Haleon PLC (ADR) (b) | 1732900 | &nbsp;&nbsp;&nbsp; 17346329 |
| Roche Holding AG | 38920 | &nbsp;&nbsp;&nbsp; 15368179 |
| Sunbelt Rentals Holdings, Inc. (b) | 781057 | &nbsp;&nbsp;&nbsp; 50839000 |
|  |  | &nbsp;&nbsp;&nbsp; 135775811 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $1,691,775,458) <br>|  | &nbsp;&nbsp;&nbsp; 1751582789 |
| **Preferred Stocks—1.4%** | **Preferred Stocks—1.4%** | **Preferred Stocks—1.4%** |
| **South Korea — 1.4%** | **South Korea — 1.4%** | **South Korea — 1.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Samsung Electronics Co. Ltd. <br>(Cost $12,598,306)<br>| 328800 | &nbsp;&nbsp;&nbsp; 26179555 |

---

**BHFTI-139**

------

**Brighthouse Funds Trust I**

**Harris Oakmark International Portfolio**

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

**Short-Term Investments—3.9%**

&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 — 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 on <br> 04/01/26 with a maturity value of $71,778,570; <br> collateralized by U.S. Treasury Note at 3.875%, maturing <br> 03/31/28, with a market value of $73,209,081<br>| 71773586 | &nbsp;&nbsp;&nbsp; $71773586 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $71,773,586) <br>|  | &nbsp;&nbsp;&nbsp; 71773586 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (c)—3.8%** | **Securities Lending Reinvestments (c)—3.8%** | **Securities Lending Reinvestments (c)—3.8%** |
| **Short-Term Investment Funds — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund, <br>Select Class, 3.600% (d)<br>| 1500000 | &nbsp;&nbsp;&nbsp; 1500000 |
| &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; Invesco STIT-Government & Agency Portfolio, <br>Institutional Class, 3.580% (d)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares, 3.580% (d)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
|  |  | &nbsp;&nbsp;&nbsp; 9500000 |

---

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

---

| | | |
|:---|:---|:---|
| **Time Deposits — 0.4%** | **Time Deposits — 0.4%** | **Time Deposits — 0.4%** |
| &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>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Svenska NY <br>3.610%, 04/01/26<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
|  |  | &nbsp;&nbsp;&nbsp; 7000000 |
| **Repurchase Agreements — 2.9%** | **Repurchase Agreements — 2.9%** | **Repurchase Agreements — 2.9%** |
| 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 $1,000,103; <br> collateralized by various Common Stock with an aggregate <br> market value of $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 $5,000,524; <br> collateralized by various Common Stock with an aggregate <br> market value of $5,561,405<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| Barclays Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.660%, due on <br> 04/01/26 with a maturity value of $5,000,508; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 4.000% - 4.500%, maturity dates ranging from <br> 05/31/29 - 07/31/29, and an aggregate market value of <br> $5,100,006<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 $1,500,153; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 0.000% - 4.875%, maturity dates ranging from <br> 04/09/26 - 02/15/56, and an aggregate market value of <br> $1,530,000<br>| 1500000 | &nbsp;&nbsp;&nbsp; 1500000 |

---

---

| | | |
|:---|:---|:---|
| **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 $10,001,025; <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 $10,200,132<br>| 10000000 | &nbsp;&nbsp;&nbsp; $10000000 |
| 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 $8,226,329; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 0.000% - 4.375%, maturity dates ranging from <br> 05/15/30 - 11/15/48, and an aggregate market value of <br> $8,390,007<br>| 8225495 | &nbsp;&nbsp;&nbsp; 8225495 |
| 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; <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 $6,665,895<br>| 6000000 | &nbsp;&nbsp;&nbsp; 6000000 |
| &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; <br> collateralized by various Common Stock with an aggregate <br> market value of $5,573,144<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| 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 $13,001,365; <br> collateralized by various Common Stock with an aggregate <br> market value of $14,490,173<br>| 13000000 | &nbsp;&nbsp;&nbsp; 13000000 |
|  |  | &nbsp;&nbsp;&nbsp; 54725495 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $71,225,495) <br>|  | &nbsp;&nbsp;&nbsp; 71225495 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—103.5% <br>(Cost $1,847,372,845) <br>|  | &nbsp;&nbsp;&nbsp; 1920761425 |
| Other assets and liabilities (net)—(3.5)%  |  | &nbsp;&nbsp;&nbsp; (64350791)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1856410634 |

---

&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 $105,117,236 and the collateral received consisted of cash in the amount of $71,225,495 and non-cash collateral with a value of $35,432,155. 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.

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

**BHFTI-140**

------

**Brighthouse Funds Trust I**

**Harris Oakmark International Portfolio**

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

---

| | |
|:---|:---|
| **Ten Largest Industries as of** <br>**March 31, 2026 (Unaudited)**<br>| **% of** <br>**Net Assets**<br>|
| Textiles, Apparel & Luxury Goods | 8.5 |
| Trading Companies & Distributors | 7.7 |
| Banks | 7.3 |
| Beverages | 6.0 |
| Machinery | 5.7 |
| Pharmaceuticals | 5.1 |
| Hotels, Restaurants & Leisure | 4.9 |
| Broadline Retail | 4.6 |
| Insurance | 4.5 |
| Software | 4.0 |

---

**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; $33277813 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $33277813 |
| &nbsp;&nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 63964987 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 63964987 |
| &nbsp;&nbsp;&nbsp;&nbsp; Denmark | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 42572720 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 42572720 |
| &nbsp;&nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 380928341 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 380928341 |
| &nbsp;&nbsp;&nbsp;&nbsp; Germany | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 412542167 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 412542167 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 28675255 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 28675255 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indonesia | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 29304037 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 29304037 |
| &nbsp;&nbsp;&nbsp;&nbsp; Italy | &nbsp;&nbsp;&nbsp; 5301705 | &nbsp;&nbsp;&nbsp; 29397263 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 34698968 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japan | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 99107039 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 99107039 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexico | &nbsp;&nbsp;&nbsp; 29775186 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 29775186 |
| &nbsp;&nbsp;&nbsp;&nbsp; Netherlands | &nbsp;&nbsp;&nbsp; 18227454 | &nbsp;&nbsp;&nbsp; 87236946 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 105464400 |
| &nbsp;&nbsp;&nbsp;&nbsp; South Korea | &nbsp;&nbsp;&nbsp; 21283424 | &nbsp;&nbsp;&nbsp; 30166202 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 51449626 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sweden | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 38830911 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 38830911 |
| &nbsp;&nbsp;&nbsp;&nbsp; Switzerland | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 33164009 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 33164009 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp;&nbsp; 25155411 | &nbsp;&nbsp;&nbsp; 206896108 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 232051519 |
| &nbsp;&nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp; 120407632 | &nbsp;&nbsp;&nbsp; 15368179 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 135775811 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 220150812 | &nbsp;&nbsp;&nbsp; 1531431977 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1751582789 |
| Total Preferred Stocks\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26179555 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26179555 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 71773586 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 71773586 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 9500000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9500000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 54725495 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 54725495 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 9500000 | &nbsp;&nbsp;&nbsp; 61725495 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 71225495 |
| Total Investments | &nbsp;&nbsp;&nbsp; $229650812 | &nbsp;&nbsp;&nbsp; $1691110613 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1920761425 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(71225495)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(71225495)<br>|

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-141**

------

**Brighthouse Funds Trust I**

**Invesco Balanced-Risk Allocation Portfolio**

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

**U.S. Treasury & Government Agencies—6.7% 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>|
| **U.S. Treasury — 6.7%** | **U.S. Treasury — 6.7%** | **U.S. Treasury — 6.7%** |
| U.S. Treasury Floating Rate Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.803%, 3M USTBMM + 0.150%, 04/30/26 (a) | 17600000 | &nbsp;&nbsp;&nbsp; $17600190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.835%, 3M USTBMM + 0.182%, 07/31/26 (a) | 32400000 | &nbsp;&nbsp;&nbsp; 32415607 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury & Government Agencies <br>(Cost $50,000,000) <br>|  | &nbsp;&nbsp;&nbsp; 50015797 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—75.9%** | **Short-Term Investments—75.9%** | **Short-Term Investments—75.9%** |
| **Certificates of Deposit—1.2%** | **Certificates of Deposit—1.2%** | **Certificates of Deposit—1.2%** |
| Toronto-Dominion Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.020%, SOFR + 0.370%, 07/10/26 (a) | 8000000 | &nbsp;&nbsp;&nbsp; 8003978 |
| Westpac Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.940%, SOFR + 0.290%, 10/15/26 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 999672 |
|  |  | &nbsp;&nbsp;&nbsp; 9003650 |
| **Commercial Paper—48.5%** | **Commercial Paper—48.5%** | **Commercial Paper—48.5%** |
| Aquitaine Funding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.761%, 05/18/26 (144A) (b) | 20000000 | &nbsp;&nbsp;&nbsp; 19896106 |
| Caisse des Depots et Consignations |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.483%, 04/15/26 (b) | 12000000 | &nbsp;&nbsp;&nbsp; 11981446 |
| Chesham Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 04/01/26 (144A) (b) | 18000000 | &nbsp;&nbsp;&nbsp; 17998155 |
| Chevron Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.449%, 04/15/26 (b) | 12600000 | &nbsp;&nbsp;&nbsp; 12580714 |
| DZ Bank AG Deutsche Zentral-Genossenschaftsbank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 04/01/26 (b) | 20000000 | &nbsp;&nbsp;&nbsp; 19997954 |
| Eli Lilly & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 04/02/26 (144A) (b) | 15000000 | &nbsp;&nbsp;&nbsp; 14996953 |
| Emory University |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.631%, 05/06/26 (b) | 20000000 | &nbsp;&nbsp;&nbsp; 19924250 |
| Erste Abwicklungsanstalt |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.546%, 04/21/26 (b) | 20500000 | &nbsp;&nbsp;&nbsp; 20455437 |
| Export Development Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.558%, 04/23/26 (b) | 10000000 | &nbsp;&nbsp;&nbsp; 9976948 |
| Falcon Asset Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.990%, SOFR + 0.350%, 09/08/26 (144A) (a) | 10000000 | &nbsp;&nbsp;&nbsp; 10000262 |
| Federation des Caisses Desjardins du Quebec |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.579%, 04/22/26 (b) | 12000000 | &nbsp;&nbsp;&nbsp; 11972434 |
| KEB Hana Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 04/01/26 (b) | 2950000 | &nbsp;&nbsp;&nbsp; 2949694 |
| Lexington Parker Capital Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.658%, 04/21/26 (144A) (b) | 15000000 | &nbsp;&nbsp;&nbsp; 14966749 |
| Lime Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.778%, 05/27/26 (144A) (b) | 12000000 | &nbsp;&nbsp;&nbsp; 11926679 |
| LVMH Moet Hennessy Louis Vuitton, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.439%, 04/13/26 (b) | 10000000 | &nbsp;&nbsp;&nbsp; 9986702 |
| Macquarie Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.880%, SOFR + 0.230%, 05/04/26 (144A) (a) | 10000000 | &nbsp;&nbsp;&nbsp; 10001298 |
| Nationwide Building Society |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.706%, 05/18/26 (b) | 10500000 | &nbsp;&nbsp;&nbsp; 10448060 |
| OMERS Finance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.401%, 04/09/26 (144A) (b) | 8500000 | &nbsp;&nbsp;&nbsp; 8492063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.716%, 06/11/26 (b) | 15000000 | &nbsp;&nbsp;&nbsp; 14885040 |
| Province of British Columbia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.627%, 05/08/26 (b) | 8500000 | &nbsp;&nbsp;&nbsp; 8466462 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***/<br> **Shares**<br>| <br>**Value**<br>|
| **Commercial Paper—(Continued)** | **Commercial Paper—(Continued)** | **Commercial Paper—(Continued)** |
| Province of Ontario |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.312%, 04/08/26 (b) | 17000000 | &nbsp;&nbsp;&nbsp; $16986133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.467%, 04/13/26 (b) | 5000000 | &nbsp;&nbsp;&nbsp; 4993369 |
| PSP Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.608%, 04/30/26 (b) | 5800000 | &nbsp;&nbsp;&nbsp; 5781972 |
| Siemens Capital Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.292%, 04/09/26 (b) | 20000000 | &nbsp;&nbsp;&nbsp; 19981796 |
| Thunder Bay Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.747%, 04/17/26 (b) | 12000000 | &nbsp;&nbsp;&nbsp; 11978930 |
| TotalEnergies Capital USA LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.715%, 05/11/26 (b) | 15000000 | &nbsp;&nbsp;&nbsp; 14935920 |
| Unilever Finance Netherlands BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.218%, 04/07/26 (144A) (b) | 15000000 | &nbsp;&nbsp;&nbsp; 14989266 |
| Walmart, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.613%, 04/28/26 (144A) (b) | 8200000 | &nbsp;&nbsp;&nbsp; 8176287 |
|  |  | &nbsp;&nbsp;&nbsp; 359727079 |
| **Discount Note—4.3%** | **Discount Note—4.3%** | **Discount Note—4.3%** |
| Federal Home Loan Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 04/01/26 (b) | 32000000 | &nbsp;&nbsp;&nbsp; 31996809 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investment Funds—21.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br>Institutional Class<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.580% (c) (d) | 26743760 | &nbsp;&nbsp;&nbsp; 26743760 |
| Invesco U.S. Dollar Liquidity Portfolio, Agency Class |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.844% (c) (d) | 118720709 | &nbsp;&nbsp;&nbsp; 118720709 |
| &nbsp;&nbsp;&nbsp;&nbsp; STIT-Treasury Portfolio, <br>Institutional Class<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.560% (c) (d) | 16946248 | &nbsp;&nbsp;&nbsp; 16946248 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investment Funds <br>(Cost $162,410,717) <br>|  | &nbsp;&nbsp;&nbsp; 162410717 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $563,184,143) <br>|  | &nbsp;&nbsp;&nbsp; 563138255 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—82.6% <br>(Cost $613,184,143) <br>|  | &nbsp;&nbsp;&nbsp; 613154052 |
| Other assets and liabilities (net)—17.4%  |  | &nbsp;&nbsp;&nbsp; 129389374 |
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $742543426 |

---

&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 securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. 

(b) The rate shown represents current yield to maturity.

(c) 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.

(144A) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified 

**BHFTI-142**

------

**Brighthouse Funds Trust I**

**Invesco Balanced-Risk Allocation Portfolio**

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

institutional buyers. As of March 31, 2026, the market value of 144A securities was <br> $131,443,818, which is 17.7% of net assets.<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>|
| Invesco Government & Agency Portfolio, Institutional Class | &nbsp;&nbsp; $20091503 | &nbsp;&nbsp; $72359470 | &nbsp;&nbsp; $(65707213)<br>| &nbsp;&nbsp; $26743760 |
| Invesco U.S. Dollar Liquidity Portfolio, Agency Class | &nbsp;&nbsp; 125345741 | &nbsp;&nbsp; 92125036 | &nbsp;&nbsp; (98750068)<br>| &nbsp;&nbsp; 118720709 |
| STIT-Treasury Portfolio, Institutional Class | &nbsp;&nbsp; 12624527 | &nbsp;&nbsp; 55494524 | &nbsp;&nbsp; (51172803)<br>| &nbsp;&nbsp; 16946248 |
|  | &nbsp;&nbsp; $158061771 | &nbsp;&nbsp; $219979030 | &nbsp;&nbsp; $(215630084)<br>| &nbsp;&nbsp; $162410717 |

---

&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>|
| Invesco Government & Agency Portfolio, Institutional Class | &nbsp;&nbsp; $212289 | &nbsp;&nbsp; 26743760 |
| Invesco U.S. Dollar Liquidity Portfolio, Agency Class | &nbsp;&nbsp; 1141015 | &nbsp;&nbsp; 118720709 |
| STIT-Treasury Portfolio, Institutional Class | &nbsp;&nbsp; 140802 | &nbsp;&nbsp; 16946248 |
|  | &nbsp;&nbsp; $1494106 |  |

---

**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>|
| Australian 10 Year Treasury Bond Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; 1229 | AUD | 132429396 | &nbsp;&nbsp;&nbsp; $(89832)<br>|
| Canada Government Bond 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; 1136 | CAD | 136331360 | &nbsp;&nbsp;&nbsp; (1680216)<br>|
| Euro STOXX 50 Index Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; 642 | EUR | 35277900 | &nbsp;&nbsp;&nbsp; (1549558)<br>|
| Euro-Bund Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; 619 | EUR | 77616410 | &nbsp;&nbsp;&nbsp; (1858411)<br>|
| FTSE 100 Index Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; 305 | GBP | 31106950 | &nbsp;&nbsp;&nbsp; (729670)<br>|
| Gold 100 Troy Ounces Futures | &nbsp;&nbsp;&nbsp; 06/26/26 | &nbsp;&nbsp;&nbsp; 96 | USD | 44914560 | &nbsp;&nbsp;&nbsp; 163570 |
| Japanese Government Bond 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; 101 | JPY | 13161310000 | &nbsp;&nbsp;&nbsp; (1028570)<br>|
| MSCI Emerging Markets Index Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; 614 | USD | 44656220 | &nbsp;&nbsp;&nbsp; (1300922)<br>|
| RBOB Gasoline Futures | &nbsp;&nbsp;&nbsp; 04/30/26 | &nbsp;&nbsp;&nbsp; 114 | USD | 15340273 | &nbsp;&nbsp;&nbsp; 1102225 |
| Russell 2000 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 384 | USD | 48234240 | &nbsp;&nbsp;&nbsp; 293753 |
| S&P 500 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 87 | USD | 28582762 | &nbsp;&nbsp;&nbsp; (504100)<br>|
| Silver Futures | &nbsp;&nbsp;&nbsp; 05/27/26 | &nbsp;&nbsp;&nbsp; 46 | USD | 17231370 | &nbsp;&nbsp;&nbsp; (803552)<br>|
| TOPIX Index Futures | &nbsp;&nbsp;&nbsp; 06/11/26 | &nbsp;&nbsp;&nbsp; 224 | JPY | 7848960000 | &nbsp;&nbsp;&nbsp; (1822672)<br>|
| U.K. Long Gilt Bond Futures | &nbsp;&nbsp;&nbsp; 06/26/26 | &nbsp;&nbsp;&nbsp; 955 | GBP | 83839450 | &nbsp;&nbsp;&nbsp; (6298043)<br>|
| U.S. Treasury Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 551 | USD | 62745125 | &nbsp;&nbsp;&nbsp; (1766982)<br>|
| Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | &nbsp;&nbsp;&nbsp; $(17872980)<br>|

---

**OTC Total Return Swap Contracts** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive** <br>**Fixed Rate** <br>| **Fixed** <br>**Rate** <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>**Premium** <br>**Paid/(Received)** <br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>|
| Pay | 0.170% | Monthly | 10/26/26 | BBP | Barclays Brent Crude Oil Excess Return Index | USD | 13482412 | $1113239 | $— | $1113239 |
| Pay | 0.170% | Monthly | 04/07/26 | BBP | Barclays Copper Excess Return Index | USD | 23730233 | (992779)<br>|  | (992779)<br>|
| Pay | 0.190% | Monthly | 11/24/26 | BBP | Barclays Soybean Oil Seasonal Index | USD | 5630035 | 465489 |  | 465489 |

---

**BHFTI-143**

------

**Brighthouse Funds Trust I**

**Invesco Balanced-Risk Allocation Portfolio**

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

**OTC Total Return Swap Contracts — (Continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive**<br> **Fixed Rate** <br>| **Fixed**<br> **Rate** <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> **Premium**<br> **Paid/(Received)** <br>| **Unrealized**<br> **Appreciation/**<br> **(Depreciation)** <br>|
| Pay | 0.190% | Monthly | 02/12/27 | BBP | Barclays Soybeans Seasonal Excess Return Index | USD | 5480151 | $86838 | $— | $86838 |
| Pay | 0.170% | Monthly | 05/05/26 | BBP | Barclays Wheat Chicago Seasonal Index | USD | 3450708 | 106461 |  | 106461 |
| Pay | 0.200% | Monthly | 01/29/27 | CIBC | CIBC Lean Hogs Seasonal Index | USD | 1116918 | (12546)<br>|  | (12546)<br>|
| Pay | 0.150% | Monthly | 12/10/26 | CIBC | CIBC Live Cattle Seasonal Index | USD | 1708443 | 77491 |  | 77491 |
| Pay | 0.280% | Monthly | 02/05/27 | CIBC | CIBC Seasonal Enhanced Cotton Index | USD | 2399174 | 157149 |  | 157149 |
| Pay | 0.260% | Monthly | 02/10/27 | CIBC | CIBC Soybean Oil Seasonal Index | USD | 4896713 | 145678 |  | 145678 |
| Pay | 0.140% | Monthly | 02/18/27 | CIBC | CIBC Soymeal Front Month Excess Return Index | USD | 6399624 | 20291 |  | 20291 |
| Pay | 0.210% | Monthly | 12/11/26 | CIBC | CIBC Sugar Excess Return Index | USD | 8743757 | 665230 |  | 665230 |
| Pay | 0.180% | Monthly | 05/05/26 | GSI | Goldman Sachs Corn Seasonal Return Index | USD | 1470834 | 8688 |  | 8688 |
| Pay | 0.140% | Monthly | 10/29/26 | GSI | Goldman Sachs Heating Oil Front Month Index | USD | 2407766 | 536270 |  | 536270 |
| Pay | 0.250% | Monthly | 02/10/27 | GSI | Goldman Sachs Soybean Oil Seasonal Index | USD | 5740787 | 252390 |  | 252390 |
| Pay | 0.140% | Monthly | 07/02/26 | GSI | Goldman Sachs Soybeans Seasonal Excess Return Index | USD | 2010399 | (38245)<br>|  | (38245)<br>|
| Pay | 0.200% | Monthly | 02/24/27 | GSI | Goldman Sachs Wheat Chicago Seasonal Index | USD | 1787167 | 135821 |  | 135821 |
| Pay | 0.250% | Monthly | 01/26/27 | JPMC | JPMorgan Contag Gas Oil Excess Return Index | USD | 13968957 | 1343764 |  | 1343764 |
| Pay | 0.110% | Monthly | 10/29/26 | JPMC | JPMorgan Heating Oil Front Month Index | USD | 12020746 | 1154929 |  | 1154929 |
| Pay | 0.300% | Monthly | 10/22/26 | MBL | Macquarie Dynamic Roll Aluminum Excess Return Index | USD | 10821533 | 483078 |  | 483078 |
| Pay | 0.170% | Monthly | 02/18/27 | MBL | Macquarie Soymeal Front Month Excess Return Index | USD | 5887779 | (62597)<br>|  | (62597)<br>|
| Pay | 0.280% | Monthly | 10/09/26 | MLI | Merrill Lynch Aluminum Excess Return Index | USD | 11498405 |  |  |  |
| Pay | 0.120% | Monthly | 05/05/26 | MLI | Merrill Lynch Corn Seasonal Index | USD | 3672515 |  |  |  |
| Pay | 0.180% | Monthly | 01/29/27 | MLI | Merrill Lynch Cotton Seasonal Index | USD | 4684031 |  |  |  |
| Pay | 0.250% | Monthly | 10/28/26 | MLI | Merrill Lynch Natural Gas Seasonal Index | USD | 6061355 |  |  |  |
| Pay | 0.160% | Monthly | 11/23/26 | RBC | RBC Coffee Front Month Excess Return Index | USD | 9089596 |  |  |  |
| Pay | 0.280% | Monthly | 07/02/26 | RBC | RBC Seasonal Cotton Index | USD | 108157 |  |  |  |
| Pay | 0.180% | Monthly | 02/12/27 | RBC | RBC Soybean Seasonal Excess Return Index | USD | 5529931 |  |  |  |
| Pay | 0.180% | Monthly | 11/23/26 | RBC | RBC Sugar Excess Return Index | USD | 582569 |  |  |  |
| Pay | 0.230% | Monthly | 10/26/26 | RBC | RBC WTI Crude Oil Excess Return Index | USD | 13683212 |  |  |  |
| Pay | 0.300% | Monthly | 04/27/26 | MSCS | S&P GSCI Aluminum Dynamic Roll Index | USD | 10639473 | (173389)<br>|  | (173389)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | $5473250 | $— | $5473250 |

---

Cash in the amount of $8,650,000 and securities in the amount of $3,036,570 have been received at the custodian bank and held in a segregated account as collateral for OTC swap contracts.

**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;&nbsp;&nbsp; $50015797 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $50015797 |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificates of Deposit | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9003650 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9003650 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 359727079 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 359727079 |
| &nbsp;&nbsp;&nbsp;&nbsp; Discount Note | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 31996809 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 31996809 |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 162410717 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 162410717 |
| Total Short-Term Investments | &nbsp;&nbsp;&nbsp; 162410717 | &nbsp;&nbsp;&nbsp; 400727538 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 563138255 |
| Total Investments | &nbsp;&nbsp;&nbsp; $162410717 | &nbsp;&nbsp;&nbsp; $450743335 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $613154052 |
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $1559548 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1559548 |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; (19432528)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (19432528)<br>|
| Total Futures Contracts | &nbsp;&nbsp;&nbsp; $(17872980)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(17872980)<br>|
| OTC Swap Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; OTC Swap Contracts at Value (Assets) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $6752806 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $6752806 |
| &nbsp;&nbsp;&nbsp;&nbsp; OTC Swap Contracts at Value (Liabilities) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (1279556)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (1279556)<br>|
| Total OTC Swap Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $5473250 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $5473250 |

---

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

\* See Consolidated Schedule of Investments for additional detailed categorizations.

**BHFTI-144**

------

**Brighthouse Funds Trust I**

**Invesco Comstock Portfolio**

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

**Common Stocks—97.4% 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 — 1.4%** | **Aerospace & Defense — 1.4%** | **Aerospace & Defense — 1.4%** |
| Textron, Inc.  | 283808 | &nbsp;&nbsp;&nbsp; $24850228 |
| **Air Freight & Logistics — 2.0%** | **Air Freight & Logistics — 2.0%** | **Air Freight & Logistics — 2.0%** |
| FedEx Corp.  | 102455 | &nbsp;&nbsp;&nbsp; 36492422 |
| **Banks — 13.5%** | **Banks — 13.5%** | **Banks — 13.5%** |
| Bank of America Corp.  | 1264289 | &nbsp;&nbsp;&nbsp; 61634089 |
| Citigroup, Inc.  | 275627 | &nbsp;&nbsp;&nbsp; 31258858 |
| Citizens Financial Group, Inc.  | 489102 | &nbsp;&nbsp;&nbsp; 29331447 |
| Fifth Third Bancorp (a) | 585690 | &nbsp;&nbsp;&nbsp; 27211157 |
| Huntington Bancshares, Inc.  | 1859720 | &nbsp;&nbsp;&nbsp; 29104618 |
| M&T Bank Corp. (a) | 112344 | &nbsp;&nbsp;&nbsp; 23223752 |
| Wells Fargo & Co.  | 519638 | &nbsp;&nbsp;&nbsp; 41368381 |
|  |  | &nbsp;&nbsp;&nbsp; 243132302 |
| **Beverages — 2.2%** | **Beverages — 2.2%** | **Beverages — 2.2%** |
| Anheuser-Busch InBev SA | 269413 | &nbsp;&nbsp;&nbsp; 18694636 |
| Coca-Cola Co.  | 274487 | &nbsp;&nbsp;&nbsp; 20874736 |
|  |  | &nbsp;&nbsp;&nbsp; 39569372 |
| **Biotechnology — 1.0%** | **Biotechnology — 1.0%** | **Biotechnology — 1.0%** |
| Regeneron Pharmaceuticals, Inc.  | 23212 | &nbsp;&nbsp;&nbsp; 17934520 |
| **Broadline Retail — 1.3%** | **Broadline Retail — 1.3%** | **Broadline Retail — 1.3%** |
| eBay, Inc.  | 255905 | &nbsp;&nbsp;&nbsp; 23292473 |
| **Building Products — 1.6%** | **Building Products — 1.6%** | **Building Products — 1.6%** |
| Johnson Controls International PLC | 217833 | &nbsp;&nbsp;&nbsp; 28525231 |
| **Capital Markets — 2.8%** | **Capital Markets — 2.8%** | **Capital Markets — 2.8%** |
| Goldman Sachs Group, Inc.  | 12951 | &nbsp;&nbsp;&nbsp; 10956416 |
| State Street Corp.  | 309180 | &nbsp;&nbsp;&nbsp; 39129821 |
|  |  | &nbsp;&nbsp;&nbsp; 50086237 |
| **Chemicals — 2.0%** | **Chemicals — 2.0%** | **Chemicals — 2.0%** |
| Corteva, Inc. (a) | 155446 | &nbsp;&nbsp;&nbsp; 13012385 |
| International Flavors & Fragrances, Inc.  | 310069 | &nbsp;&nbsp;&nbsp; 22495506 |
|  |  | &nbsp;&nbsp;&nbsp; 35507891 |
| **Communications Equipment — 2.8%** | **Communications Equipment — 2.8%** | **Communications Equipment — 2.8%** |
| Cisco Systems, Inc.  | 532449 | &nbsp;&nbsp;&nbsp; 41312718 |
| F5, Inc. (b) | 33758 | &nbsp;&nbsp;&nbsp; 9767202 |
|  |  | &nbsp;&nbsp;&nbsp; 51079920 |
| **Consumer Finance — 0.6%** | **Consumer Finance — 0.6%** | **Consumer Finance — 0.6%** |
| Capital One Financial Corp.  | 55780 | &nbsp;&nbsp;&nbsp; 10175945 |
| **Consumer Staples Distribution & Retail — 1.2%** | **Consumer Staples Distribution & Retail — 1.2%** | **Consumer Staples Distribution & Retail — 1.2%** |
| Sysco Corp.  | 302998 | &nbsp;&nbsp;&nbsp; 21612847 |
| **Containers & Packaging — 1.0%** | **Containers & Packaging — 1.0%** | **Containers & Packaging — 1.0%** |
| International Paper Co. (a) | 499278 | &nbsp;&nbsp;&nbsp; 17824225 |
| **Diversified Telecommunication Services — 0.7%** | **Diversified Telecommunication Services — 0.7%** | **Diversified Telecommunication Services — 0.7%** |
| Comcast Corp. - Class A | 441094 | &nbsp;&nbsp;&nbsp; 12663809 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Electric Utilities — 0.9%** | **Electric Utilities — 0.9%** | **Electric Utilities — 0.9%** |
| Evergy, Inc.  | 204638 | &nbsp;&nbsp;&nbsp; $16763945 |
| **Electrical Equipment — 3.2%** | **Electrical Equipment — 3.2%** | **Electrical Equipment — 3.2%** |
| Eaton Corp. PLC (a) | 79368 | &nbsp;&nbsp;&nbsp; 28387553 |
| Emerson Electric Co. (a) | 219309 | &nbsp;&nbsp;&nbsp; 28733865 |
|  |  | &nbsp;&nbsp;&nbsp; 57121418 |
| **Energy Equipment & Services — 0.9%** | **Energy Equipment & Services — 0.9%** | **Energy Equipment & Services — 0.9%** |
| Tenaris SA | 538415 | &nbsp;&nbsp;&nbsp; 15726850 |
| **Entertainment — 1.4%** | **Entertainment — 1.4%** | **Entertainment — 1.4%** |
| Universal Music Group NV | 339088 | &nbsp;&nbsp;&nbsp; 6574976 |
| Walt Disney Co.  | 188318 | &nbsp;&nbsp;&nbsp; 18150089 |
|  |  | &nbsp;&nbsp;&nbsp; 24725065 |
| **Health Care Equipment & Supplies — 2.4%** | **Health Care Equipment & Supplies — 2.4%** | **Health Care Equipment & Supplies — 2.4%** |
| Becton Dickinson & Co.  | 89781 | &nbsp;&nbsp;&nbsp; 14116267 |
| GE HealthCare Technologies, Inc.  | 156037 | &nbsp;&nbsp;&nbsp; 11106714 |
| Medtronic PLC | 204782 | &nbsp;&nbsp;&nbsp; 17744360 |
|  |  | &nbsp;&nbsp;&nbsp; 42967341 |
| **Health Care Providers & Services — 6.2%** | **Health Care Providers & Services — 6.2%** | **Health Care Providers & Services — 6.2%** |
| CVS Health Corp.  | 607497 | &nbsp;&nbsp;&nbsp; 43630434 |
| Elevance Health, Inc.  | 87262 | &nbsp;&nbsp;&nbsp; 25545950 |
| Henry Schein, Inc. (a) (b) | 187157 | &nbsp;&nbsp;&nbsp; 13793471 |
| Humana, Inc.  | 46856 | &nbsp;&nbsp;&nbsp; 8124362 |
| UnitedHealth Group, Inc.  | 76862 | &nbsp;&nbsp;&nbsp; 20798089 |
|  |  | &nbsp;&nbsp;&nbsp; 111892306 |
| **Hotels, Restaurants & Leisure — 3.1%** | **Hotels, Restaurants & Leisure — 3.1%** | **Hotels, Restaurants & Leisure — 3.1%** |
| Domino's Pizza, Inc. (a) | 56883 | &nbsp;&nbsp;&nbsp; 20409052 |
| Restaurant Brands International, Inc. (a) | 268135 | &nbsp;&nbsp;&nbsp; 19841720 |
| Starbucks Corp.  | 187292 | &nbsp;&nbsp;&nbsp; 16779490 |
|  |  | &nbsp;&nbsp;&nbsp; 57030262 |
| **Household Products — 3.1%** | **Household Products — 3.1%** | **Household Products — 3.1%** |
| Clorox Co. (a) | 185726 | &nbsp;&nbsp;&nbsp; 19246785 |
| Kimberly-Clark Corp. (a) | 109486 | &nbsp;&nbsp;&nbsp; 10562114 |
| Reckitt Benckiser Group PLC | 377247 | &nbsp;&nbsp;&nbsp; 25600990 |
|  |  | &nbsp;&nbsp;&nbsp; 55409889 |
| **Insurance — 2.0%** | **Insurance — 2.0%** | **Insurance — 2.0%** |
| Allstate Corp. (a) | 64050 | &nbsp;&nbsp;&nbsp; 13280127 |
| American International Group, Inc.  | 296462 | &nbsp;&nbsp;&nbsp; 22308766 |
|  |  | &nbsp;&nbsp;&nbsp; 35588893 |
| **Interactive Media & Services — 4.5%** | **Interactive Media & Services — 4.5%** | **Interactive Media & Services — 4.5%** |
| Alphabet, Inc. - Class A | 209860 | &nbsp;&nbsp;&nbsp; 60347342 |
| Meta Platforms, Inc. - Class A | 36540 | &nbsp;&nbsp;&nbsp; 20905630 |
|  |  | &nbsp;&nbsp;&nbsp; 81252972 |
| **IT Services — 1.8%** | **IT Services — 1.8%** | **IT Services — 1.8%** |
| Cognizant Technology Solutions Corp. - Class A | 406819 | &nbsp;&nbsp;&nbsp; 24958346 |
| DXC Technology Co. (b) | 597090 | &nbsp;&nbsp;&nbsp; 7505421 |
|  |  | &nbsp;&nbsp;&nbsp; 32463767 |

---

**BHFTI-145**

------

**Brighthouse Funds Trust I**

**Invesco Comstock Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Life Sciences Tools & Services — 1.3%** | **Life Sciences Tools & Services — 1.3%** | **Life Sciences Tools & Services — 1.3%** |
| ICON PLC (a) (b) | 105842 | &nbsp;&nbsp;&nbsp; $11712476 |
| IQVIA Holdings, Inc. (b) | 65676 | &nbsp;&nbsp;&nbsp; 11200385 |
|  |  | &nbsp;&nbsp;&nbsp; 22912861 |
| **Machinery — 2.6%** | **Machinery — 2.6%** | **Machinery — 2.6%** |
| Caterpillar, Inc.  | 34460 | &nbsp;&nbsp;&nbsp; 24413531 |
| Westinghouse Air Brake Technologies Corp.  | 90880 | &nbsp;&nbsp;&nbsp; 22711821 |
|  |  | &nbsp;&nbsp;&nbsp; 47125352 |
| **Media — 1.1%** | **Media — 1.1%** | **Media — 1.1%** |
| Charter Communications, Inc. - Class A (a) (b) | 96499 | &nbsp;&nbsp;&nbsp; 20832204 |
| **Multi-Utilities — 3.3%** | **Multi-Utilities — 3.3%** | **Multi-Utilities — 3.3%** |
| Dominion Energy, Inc.  | 387718 | &nbsp;&nbsp;&nbsp; 23968727 |
| Sempra | 374968 | &nbsp;&nbsp;&nbsp; 36435640 |
|  |  | &nbsp;&nbsp;&nbsp; 60404367 |
| **Oil, Gas & Consumable Fuels — 8.8%** | **Oil, Gas & Consumable Fuels — 8.8%** | **Oil, Gas & Consumable Fuels — 8.8%** |
| Chevron Corp.  | 216605 | &nbsp;&nbsp;&nbsp; 44815575 |
| ConocoPhillips | 241167 | &nbsp;&nbsp;&nbsp; 31834044 |
| Devon Energy Corp.  | 397479 | &nbsp;&nbsp;&nbsp; 20001143 |
| EQT Corp.  | 177158 | &nbsp;&nbsp;&nbsp; 11274335 |
| Exxon Mobil Corp.  | 76072 | &nbsp;&nbsp;&nbsp; 12906376 |
| Occidental Petroleum Corp.  | 85087 | &nbsp;&nbsp;&nbsp; 5530655 |
| Suncor Energy, Inc.  | 494483 | &nbsp;&nbsp;&nbsp; 32690271 |
|  |  | &nbsp;&nbsp;&nbsp; 159052399 |
| **Pharmaceuticals — 6.7%** | **Pharmaceuticals — 6.7%** | **Pharmaceuticals — 6.7%** |
| AstraZeneca PLC | 95682 | &nbsp;&nbsp;&nbsp; 18688426 |
| Johnson & Johnson | 100486 | &nbsp;&nbsp;&nbsp; 24562798 |
| Merck & Co., Inc.  | 346321 | &nbsp;&nbsp;&nbsp; 41658953 |
| Novo Nordisk AS - Class B | 245608 | &nbsp;&nbsp;&nbsp; 9050453 |
| Sanofi SA (ADR) (a) | 544983 | &nbsp;&nbsp;&nbsp; 26257281 |
|  |  | &nbsp;&nbsp;&nbsp; 120217911 |
| **Professional Services — 1.1%** | **Professional Services — 1.1%** | **Professional Services — 1.1%** |
| TransUnion | 295631 | &nbsp;&nbsp;&nbsp; 20454709 |
| **Residential REITs — 0.4%** | **Residential REITs — 0.4%** | **Residential REITs — 0.4%** |
| Invitation Homes, Inc.  | 284425 | &nbsp;&nbsp;&nbsp; 7067961 |
| **Semiconductors & Semiconductor Equipment — 2.6%** | **Semiconductors & Semiconductor Equipment — 2.6%** | **Semiconductors & Semiconductor Equipment — 2.6%** |
| Intel Corp. (b) | 270449 | &nbsp;&nbsp;&nbsp; 11934914 |
| NXP Semiconductors NV | 123010 | &nbsp;&nbsp;&nbsp; 24215749 |
| QUALCOMM, Inc.  | 78321 | &nbsp;&nbsp;&nbsp; 10086178 |
|  |  | &nbsp;&nbsp;&nbsp; 46236841 |
| **Software — 2.4%** | **Software — 2.4%** | **Software — 2.4%** |
| Microsoft Corp.  | 117428 | &nbsp;&nbsp;&nbsp; 43468323 |
| **Specialized REITs — 0.7%** | **Specialized REITs — 0.7%** | **Specialized REITs — 0.7%** |
| SBA Communications Corp.  | 72073 | &nbsp;&nbsp;&nbsp; 12404484 |
| **Textiles, Apparel & Luxury Goods — 1.1%** | **Textiles, Apparel & Luxury Goods — 1.1%** | **Textiles, Apparel & Luxury Goods — 1.1%** |
| NIKE, Inc. - Class B | 383291 | &nbsp;&nbsp;&nbsp; 20245431 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Tobacco — 1.7%** | **Tobacco — 1.7%** | **Tobacco — 1.7%** |
| Philip Morris International, Inc.  | 190364 | &nbsp;&nbsp;&nbsp; $31474784 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $1,306,564,816) <br>|  | &nbsp;&nbsp;&nbsp; 1755587757 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—2.7%** | **Short-Term Investments—2.7%** | **Short-Term Investments—2.7%** |
| **Repurchase Agreement—2.7%** | **Repurchase Agreement—2.7%** | **Repurchase Agreement—2.7%** |
| 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 $48,318,277; <br> collateralized by U.S. Treasury Note at 3.750%, maturing <br> 08/15/27, with a market value of $49,281,370<br>| 48314921 | &nbsp;&nbsp;&nbsp; 48314921 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $48,314,921) <br>|  | &nbsp;&nbsp;&nbsp; 48314921 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (c)—2.2%** | **Securities Lending Reinvestments (c)—2.2%** | **Securities Lending Reinvestments (c)—2.2%** |
| **Short-Term Investment Funds—0.8%** | **Short-Term Investment Funds—0.8%** | **Short-Term Investment Funds—0.8%** |
| &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>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Government Portfolio, <br>Class I 3.530% (d)<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares 3.580% (d)<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
|  |  | &nbsp;&nbsp;&nbsp; 15000000 |

---

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

---

| | | |
|:---|:---|:---|
| **Repurchase Agreements—1.2%** | **Repurchase Agreements—1.2%** | **Repurchase Agreements—1.2%** |
| 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 $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 $150,015; collateralized <br> by various Common Stock with an aggregate market value of <br> $166,842<br>| 150000 | &nbsp;&nbsp;&nbsp; 150000 |
| Barclays Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.660%, 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 4.000% - <br> 4.500%, maturity dates ranging from 05/31/29 - 07/31/29, <br> and an aggregate market value of $2,040,003<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| 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 |

---

**BHFTI-146**

------

**Brighthouse Funds Trust I**

**Invesco Comstock 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)** |
| 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 |
| 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 $7,622,853; collateralized <br> by 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 $7,774,523<br>| 7622080 | &nbsp;&nbsp;&nbsp; 7622080 |
| 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 $5,000,525; 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> $5,554,912<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| 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 $900,094; collateralized <br> by various Common Stock with an aggregate market value of <br> $1,003,166<br>| 900000 | &nbsp;&nbsp;&nbsp; 900000 |
|  |  | &nbsp;&nbsp;&nbsp; 22672080 |
| **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 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Time Deposits—(Continued)** | **Time Deposits—(Continued)** | **Time Deposits—(Continued)** |
| DZ Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 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; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $40,672,080) <br>|  | &nbsp;&nbsp;&nbsp; 40672080 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—102.3% <br>(Cost $1,395,551,817) <br>|  | &nbsp;&nbsp;&nbsp; 1844574758 |
| Other assets and liabilities (net)—(2.3)%  |  | &nbsp;&nbsp;&nbsp; (41499702)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1803075056 |

---

&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 $121,895,885 and the collateral received consisted of cash in the amount of $40,672,080 and non-cash collateral with a value of $82,947,432. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. 

(b) Non-income producing security.

(c) Represents investment of cash collateral received from securities on loan as of March 31, 2026.

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

**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>|
| CAD | &nbsp;&nbsp; 901844 | GSI | 04/30/26 | USD | 656429 | &nbsp;&nbsp; $(7306)<br>|
| GBP | &nbsp;&nbsp; 609781 | CIBC | 04/30/26 | USD | 814768 | &nbsp;&nbsp; (7690)<br>|
| GBP | &nbsp;&nbsp; 1060052 | GSI | 04/30/26 | USD | 1416339 | &nbsp;&nbsp; (13303)<br>|
| GBP | &nbsp;&nbsp; 609781 | GSI | 04/30/26 | USD | 815047 | &nbsp;&nbsp; (7969)<br>|
| GBP | &nbsp;&nbsp; 856501 | RBC | 04/30/26 | USD | 1136369 | &nbsp;&nbsp; (2745)<br>|

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contracts to Deliver** | **Contracts to Deliver** |  |  |  |  |  |
| CAD | &nbsp;&nbsp; 36805436 | CIBC | 04/30/26 | USD | 26848330 | &nbsp;&nbsp; 356768 |
| EUR | &nbsp;&nbsp; 633413 | BNY | 04/30/26 | USD | 730386 | &nbsp;&nbsp; (2720)<br>|
| EUR | &nbsp;&nbsp; 27865510 | RBC | 04/30/26 | USD | 32424029 | &nbsp;&nbsp; 172778 |
| GBP | &nbsp;&nbsp; 18984368 | DBAG | 04/30/26 | USD | 25495532 | &nbsp;&nbsp; 368706 |
| GBP | &nbsp;&nbsp; 738531 | RBC | 04/30/26 | USD | 983359 | &nbsp;&nbsp; 5874 |
| Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | &nbsp;&nbsp; $862393 |

---

**BHFTI-147**

------

**Brighthouse Funds Trust I**

**Invesco Comstock 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; $24850228 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $24850228 |
| &nbsp;&nbsp;&nbsp;&nbsp; Air Freight & Logistics | &nbsp;&nbsp;&nbsp; 36492422 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 36492422 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banks | &nbsp;&nbsp;&nbsp; 243132302 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 243132302 |
| &nbsp;&nbsp;&nbsp;&nbsp; Beverages | &nbsp;&nbsp;&nbsp; 20874736 | &nbsp;&nbsp;&nbsp; 18694636 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 39569372 |
| &nbsp;&nbsp;&nbsp;&nbsp; Biotechnology | &nbsp;&nbsp;&nbsp; 17934520 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 17934520 |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadline Retail | &nbsp;&nbsp;&nbsp; 23292473 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23292473 |
| &nbsp;&nbsp;&nbsp;&nbsp; Building Products | &nbsp;&nbsp;&nbsp; 28525231 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 28525231 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp;&nbsp; 50086237 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 50086237 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp;&nbsp; 35507891 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 35507891 |
| &nbsp;&nbsp;&nbsp;&nbsp; Communications Equipment | &nbsp;&nbsp;&nbsp; 51079920 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 51079920 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Finance | &nbsp;&nbsp;&nbsp; 10175945 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10175945 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples Distribution & Retail | &nbsp;&nbsp;&nbsp; 21612847 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21612847 |
| &nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | &nbsp;&nbsp;&nbsp; 17824225 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 17824225 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Telecommunication Services | &nbsp;&nbsp;&nbsp; 12663809 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12663809 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | &nbsp;&nbsp;&nbsp; 16763945 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16763945 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | &nbsp;&nbsp;&nbsp; 57121418 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 57121418 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy Equipment & Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15726850 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15726850 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp;&nbsp; 18150089 | &nbsp;&nbsp;&nbsp; 6574976 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 24725065 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Equipment & Supplies | &nbsp;&nbsp;&nbsp; 42967341 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 42967341 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Providers & Services | &nbsp;&nbsp;&nbsp; 111892306 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 111892306 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure | &nbsp;&nbsp;&nbsp; 57030262 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 57030262 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Products | &nbsp;&nbsp;&nbsp; 29808899 | &nbsp;&nbsp;&nbsp; 25600990 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 55409889 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp;&nbsp; 35588893 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 35588893 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interactive Media & Services | &nbsp;&nbsp;&nbsp; 81252972 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 81252972 |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp;&nbsp; 32463767 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 32463767 |
| &nbsp;&nbsp;&nbsp;&nbsp; Life Sciences Tools & Services | &nbsp;&nbsp;&nbsp; 22912861 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22912861 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | &nbsp;&nbsp;&nbsp; 47125352 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 47125352 |
| &nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp;&nbsp; 20832204 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20832204 |
| &nbsp;&nbsp;&nbsp;&nbsp; Multi-Utilities | &nbsp;&nbsp;&nbsp; 60404367 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 60404367 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas & Consumable Fuels | &nbsp;&nbsp;&nbsp; 159052399 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 159052399 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals | &nbsp;&nbsp;&nbsp; 92479032 | &nbsp;&nbsp;&nbsp; 27738879 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 120217911 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional Services | &nbsp;&nbsp;&nbsp; 20454709 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20454709 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential REITs | &nbsp;&nbsp;&nbsp; 7067961 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7067961 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | &nbsp;&nbsp;&nbsp; 46236841 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 46236841 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp; 43468323 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 43468323 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialized REITs | &nbsp;&nbsp;&nbsp; 12404484 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12404484 |
| &nbsp;&nbsp;&nbsp;&nbsp; Textiles, Apparel & Luxury Goods | &nbsp;&nbsp;&nbsp; 20245431 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20245431 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tobacco | &nbsp;&nbsp;&nbsp; 31474784 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 31474784 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 1661251426 | &nbsp;&nbsp;&nbsp; 94336331 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1755587757 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 48314921 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 48314921 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 15000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22672080 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22672080 |
| &nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3000000 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 15000000 | &nbsp;&nbsp;&nbsp; 25672080 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 40672080 |
| Total Investments | &nbsp;&nbsp;&nbsp; $1676251426 | &nbsp;&nbsp;&nbsp; $168323332 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1844574758 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(40672080)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(40672080)<br>|
| Forward Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $904126 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $904126 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (41733)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (41733)<br>|
| Total Forward Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $862393 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $862393 |

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-148**

------

**Brighthouse Funds Trust I**

**Invesco Global Equity Portfolio**

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

**Common Stocks—98.6% 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>|
| **Brazil — 0.5%** | **Brazil — 0.5%** | **Brazil — 0.5%** |
| MercadoLibre, Inc. (a) | 3058 | &nbsp;&nbsp;&nbsp; $5287343 |
| **Canada — 2.3%** | **Canada — 2.3%** | **Canada — 2.3%** |
| Shopify, Inc. - Class A (a) | 193239 | &nbsp;&nbsp;&nbsp; 22922010 |
| **China — 1.8%** | **China — 1.8%** | **China — 1.8%** |
| JD.com, Inc. (ADR) (b) | 292288 | &nbsp;&nbsp;&nbsp; 8642956 |
| Tencent Holdings Ltd.  | 149200 | &nbsp;&nbsp;&nbsp; 9419280 |
|  |  | &nbsp;&nbsp;&nbsp; 18062236 |
| **Czech Republic — 0.3%** | **Czech Republic — 0.3%** | **Czech Republic — 0.3%** |
| CSG NV (a) | 106655 | &nbsp;&nbsp;&nbsp; 2869887 |
| **France — 4.3%** | **France — 4.3%** | **France — 4.3%** |
| Airbus SE | 108238 | &nbsp;&nbsp;&nbsp; 20329844 |
| EssilorLuxottica SA | 28418 | &nbsp;&nbsp;&nbsp; 6613871 |
| LVMH Moet Hennessy Louis Vuitton SE | 29589 | &nbsp;&nbsp;&nbsp; 16447495 |
|  |  | &nbsp;&nbsp;&nbsp; 43391210 |
| **Germany — 1.9%** | **Germany — 1.9%** | **Germany — 1.9%** |
| Allianz SE | 22610 | &nbsp;&nbsp;&nbsp; 9369310 |
| SAP SE | 58805 | &nbsp;&nbsp;&nbsp; 9951750 |
|  |  | &nbsp;&nbsp;&nbsp; 19321060 |
| **India — 3.2%** | **India — 3.2%** | **India — 3.2%** |
| DLF Ltd.  | 3923665 | &nbsp;&nbsp;&nbsp; 21022667 |
| HDFC Bank Ltd.  | 648348 | &nbsp;&nbsp;&nbsp; 5179567 |
| ICICI Bank Ltd. (ADR) | 242232 | &nbsp;&nbsp;&nbsp; 6273809 |
|  |  | &nbsp;&nbsp;&nbsp; 32476043 |
| **Italy — 1.1%** | **Italy — 1.1%** | **Italy — 1.1%** |
| Brunello Cucinelli SpA (b) | 97062 | &nbsp;&nbsp;&nbsp; 8461471 |
| Moncler SpA | 39337 | &nbsp;&nbsp;&nbsp; 2370734 |
|  |  | &nbsp;&nbsp;&nbsp; 10832205 |
| **Japan — 2.2%** | **Japan — 2.2%** | **Japan — 2.2%** |
| Capcom Co. Ltd. (b) | 330100 | &nbsp;&nbsp;&nbsp; 6999707 |
| Hoya Corp.  | 43400 | &nbsp;&nbsp;&nbsp; 7486324 |
| Keyence Corp.  | 14400 | &nbsp;&nbsp;&nbsp; 5099836 |
| Nintendo Co. Ltd.  | 41700 | &nbsp;&nbsp;&nbsp; 2379438 |
|  |  | &nbsp;&nbsp;&nbsp; 21965305 |
| **Netherlands — 2.2%** | **Netherlands — 2.2%** | **Netherlands — 2.2%** |
| Adyen NV (a) | 9458 | &nbsp;&nbsp;&nbsp; 9464137 |
| ASML Holding NV | 3684 | &nbsp;&nbsp;&nbsp; 4876279 |
| BE Semiconductor Industries NV | 35983 | &nbsp;&nbsp;&nbsp; 7591981 |
|  |  | &nbsp;&nbsp;&nbsp; 21932397 |
| **South Korea — 0.3%** | **South Korea — 0.3%** | **South Korea — 0.3%** |
| SK Hynix, Inc.  | 4668 | &nbsp;&nbsp;&nbsp; 2538891 |
| **Spain — 0.4%** | **Spain — 0.4%** | **Spain — 0.4%** |
| Amadeus IT Group SA | 70508 | &nbsp;&nbsp;&nbsp; 4008046 |
| **Sweden — 1.3%** | **Sweden — 1.3%** | **Sweden — 1.3%** |
| Assa Abloy AB - Class B | 187715 | &nbsp;&nbsp;&nbsp; 6731532 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Sweden — (Continued)** | **Sweden — (Continued)** | **Sweden — (Continued)** |
| Atlas Copco AB - A Shares | 349480 | &nbsp;&nbsp;&nbsp; $6146993 |
|  |  | &nbsp;&nbsp;&nbsp; 12878525 |
| **Switzerland — 2.3%** | **Switzerland — 2.3%** | **Switzerland — 2.3%** |
| Galderma Group AG | 43504 | &nbsp;&nbsp;&nbsp; 8433699 |
| Lonza Group AG | 21975 | &nbsp;&nbsp;&nbsp; 14059367 |
|  |  | &nbsp;&nbsp;&nbsp; 22493066 |
| **Taiwan — 6.3%** | **Taiwan — 6.3%** | **Taiwan — 6.3%** |
| Taiwan Semiconductor Manufacturing Co. Ltd.  | 1116000 | &nbsp;&nbsp;&nbsp; 62914988 |
| **United States — 68.2%** | **United States — 68.2%** | **United States — 68.2%** |
| Alphabet, Inc. - Class A | 333167 | &nbsp;&nbsp;&nbsp; 95805502 |
| Amazon.com, Inc. (a) | 134628 | &nbsp;&nbsp;&nbsp; 28038974 |
| Analog Devices, Inc.  | 104732 | &nbsp;&nbsp;&nbsp; 33319438 |
| Apple, Inc.  | 20906 | &nbsp;&nbsp;&nbsp; 5305734 |
| ARM Holdings PLC (ADR) (a) (b) | 83235 | &nbsp;&nbsp;&nbsp; 12591791 |
| Berkshire Hathaway, Inc. - Class A (a) | 3 | &nbsp;&nbsp;&nbsp; 2154420 |
| Boston Scientific Corp. (a) | 169564 | &nbsp;&nbsp;&nbsp; 10640141 |
| Broadcom, Inc.  | 119418 | &nbsp;&nbsp;&nbsp; 36961065 |
| Cadence Design Systems, Inc. (a) | 18917 | &nbsp;&nbsp;&nbsp; 5256467 |
| Ecolab, Inc.  | 25737 | &nbsp;&nbsp;&nbsp; 6846557 |
| Eli Lilly & Co.  | 33384 | &nbsp;&nbsp;&nbsp; 30705602 |
| Equifax, Inc.  | 38978 | &nbsp;&nbsp;&nbsp; 7018768 |
| IDEXX Laboratories, Inc. (a) | 9046 | &nbsp;&nbsp;&nbsp; 5082857 |
| Intuit, Inc.  | 68335 | &nbsp;&nbsp;&nbsp; 29546687 |
| Intuitive Surgical, Inc. (a) | 33018 | &nbsp;&nbsp;&nbsp; 15220968 |
| IQVIA Holdings, Inc. (a) | 19077 | &nbsp;&nbsp;&nbsp; 3253392 |
| Lam Research Corp.  | 230190 | &nbsp;&nbsp;&nbsp; 49182395 |
| Las Vegas Sands Corp.  | 98135 | &nbsp;&nbsp;&nbsp; 5287514 |
| Linde PLC | 8052 | &nbsp;&nbsp;&nbsp; 3991860 |
| Marriott International, Inc. - Class A | 42768 | &nbsp;&nbsp;&nbsp; 13988130 |
| Marvell Technology, Inc.  | 182925 | &nbsp;&nbsp;&nbsp; 18118721 |
| Mastercard, Inc. - Class A | 19633 | &nbsp;&nbsp;&nbsp; 9809825 |
| Meta Platforms, Inc. - Class A | 88767 | &nbsp;&nbsp;&nbsp; 50786264 |
| Microsoft Corp.  | 71668 | &nbsp;&nbsp;&nbsp; 26529344 |
| Netflix, Inc. (a) | 91758 | &nbsp;&nbsp;&nbsp; 8822532 |
| NVIDIA Corp.  | 321215 | &nbsp;&nbsp;&nbsp; 56019896 |
| Phathom Pharmaceuticals, Inc. (a) (b) | 283184 | &nbsp;&nbsp;&nbsp; 3146174 |
| S&P Global, Inc.  | 85024 | &nbsp;&nbsp;&nbsp; 36164108 |
| ServiceNow, Inc. (a) | 36386 | &nbsp;&nbsp;&nbsp; 3804156 |
| Spotify Technology SA (a) | 16055 | &nbsp;&nbsp;&nbsp; 7785230 |
| Stryker Corp.  | 13728 | &nbsp;&nbsp;&nbsp; 4510883 |
| Thermo Fisher Scientific, Inc.  | 29080 | &nbsp;&nbsp;&nbsp; 14293692 |
| TJX Cos., Inc.  | 60236 | &nbsp;&nbsp;&nbsp; 9619689 |
| Visa, Inc. - Class A | 106091 | &nbsp;&nbsp;&nbsp; 32064944 |
|  |  | &nbsp;&nbsp;&nbsp; 681673720 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $625,756,090) <br>|  | &nbsp;&nbsp;&nbsp; 985566932 |

---

**BHFTI-149**

------

**Brighthouse Funds Trust I**

**Invesco Global Equity Portfolio**

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

**Short-Term Investments—1.2%**

&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 — 1.2%** | **Repurchase Agreement — 1.2%** | **Repurchase Agreement — 1.2%** |
| 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 $12,127,151; <br> collateralized by U.S. Treasury Note at 4.375%, maturing <br> 07/15/27, with a market value of $12,368,977<br>| 12126309 | &nbsp;&nbsp;&nbsp; $12126309 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $12,126,309) <br>|  | &nbsp;&nbsp;&nbsp; 12126309 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (c)—0.9%** | **Securities Lending Reinvestments (c)—0.9%** | **Securities Lending Reinvestments (c)—0.9%** |
| **Short-Term Investment Funds — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class, 3.540% (d)<br>| 1500000 | &nbsp;&nbsp;&nbsp; 1500000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Government Portfolio, <br>Class I, 3.530% (d)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares, 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>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
|  |  | &nbsp;&nbsp;&nbsp; 4500000 |

---

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

---

| | | |
|:---|:---|:---|
| **Repurchase Agreements — 0.4%** | **Repurchase Agreements — 0.4%** | **Repurchase Agreements — 0.4%** |
| 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 $1,000,101; 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 $1,020,000<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.700%, due on <br> 04/01/26 with a maturity value of $200,021; collateralized <br> by various Common Stock with an aggregate market value of <br> $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 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 |
| 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 $1,443,233; collateralized <br> by 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 $1,471,948<br>| 1443086 | &nbsp;&nbsp;&nbsp; 1443086 |
| 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 $300,032; collateralized <br> by various Common Stock with an aggregate market value of <br> $334,389<br>| 300000 | &nbsp;&nbsp;&nbsp; $300000 |
|  |  | &nbsp;&nbsp;&nbsp; 3993086 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $8,493,086) <br>|  | &nbsp;&nbsp;&nbsp; 8493086 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—100.7% <br>(Cost $646,375,485) <br>|  | &nbsp;&nbsp;&nbsp; 1006186327 |
| Other assets and liabilities (net)—(0.7)%  |  | &nbsp;&nbsp;&nbsp; (7113321)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $999073006 |

---

&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 $37,495,514 and the collateral received consisted of cash in the amount of $8,493,086 and non-cash collateral with a value of $28,496,042. 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.

&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 | 28.4 |
| Interactive Media & Services | 15.6 |
| Software | 7.5 |
| Financial Services | 5.4 |
| Health Care Equipment & Supplies | 5.0 |
| Pharmaceuticals | 4.2 |
| Broadline Retail | 4.2 |
| Capital Markets | 3.6 |
| Life Sciences Tools & Services | 3.2 |
| Textiles, Apparel & Luxury Goods | 2.7 |

---

**BHFTI-150**

------

**Brighthouse Funds Trust I**

**Invesco Global Equity 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; Brazil | &nbsp;&nbsp;&nbsp; $5287343 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $5287343 |
| &nbsp;&nbsp;&nbsp;&nbsp; Canada | &nbsp;&nbsp;&nbsp; 22922010 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22922010 |
| &nbsp;&nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp; 8642956 | &nbsp;&nbsp;&nbsp; 9419280 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 18062236 |
| &nbsp;&nbsp;&nbsp;&nbsp; Czech Republic | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2869887 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2869887 |
| &nbsp;&nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 43391210 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 43391210 |
| &nbsp;&nbsp;&nbsp;&nbsp; Germany | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19321060 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19321060 |
| &nbsp;&nbsp;&nbsp;&nbsp; India | &nbsp;&nbsp;&nbsp; 6273809 | &nbsp;&nbsp;&nbsp; 26202234 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 32476043 |
| &nbsp;&nbsp;&nbsp;&nbsp; Italy | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10832205 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10832205 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japan | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21965305 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21965305 |
| &nbsp;&nbsp;&nbsp;&nbsp; Netherlands | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21932397 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21932397 |
| &nbsp;&nbsp;&nbsp;&nbsp; South Korea | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2538891 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2538891 |
| &nbsp;&nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4008046 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4008046 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sweden | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12878525 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12878525 |
| &nbsp;&nbsp;&nbsp;&nbsp; Switzerland | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22493066 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22493066 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taiwan | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 62914988 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 62914988 |
| &nbsp;&nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp; 681673720 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 681673720 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 724799838 | &nbsp;&nbsp;&nbsp; 260767094 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 985566932 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12126309 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12126309 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 4500000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4500000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3993086 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3993086 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 4500000 | &nbsp;&nbsp;&nbsp; 3993086 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8493086 |
| Total Investments | &nbsp;&nbsp;&nbsp; $729299838 | &nbsp;&nbsp;&nbsp; $276886489 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1006186327 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(8493086)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(8493086)<br>|

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-151**

------

**Brighthouse Funds Trust I**

**Invesco Small Cap Growth Portfolio**

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

**Common Stocks—97.4% 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 — 3.7%** | **Aerospace & Defense — 3.7%** | **Aerospace & Defense — 3.7%** |
| Carpenter Technology Corp.  | 25588 | &nbsp;&nbsp;&nbsp; $10085510 |
| Embraer SA (ADR) | 40907 | &nbsp;&nbsp;&nbsp; 2427421 |
| FTAI Aviation Ltd.  | 25075 | &nbsp;&nbsp;&nbsp; 6143375 |
| Karman Holdings, Inc. (a) (b) | 65111 | &nbsp;&nbsp;&nbsp; 5212136 |
| Kratos Defense & Security Solutions, Inc. (b) | 70295 | &nbsp;&nbsp;&nbsp; 4956501 |
|  |  | &nbsp;&nbsp;&nbsp; 28824943 |
| **Automobile Components — 0.8%** | **Automobile Components — 0.8%** | **Automobile Components — 0.8%** |
| Phinia, Inc.  | 87417 | &nbsp;&nbsp;&nbsp; 5982819 |
| **Banks — 0.7%** | **Banks — 0.7%** | **Banks — 0.7%** |
| Bancorp, Inc. (b) | 105166 | &nbsp;&nbsp;&nbsp; 5650569 |
| **Biotechnology — 9.1%** | **Biotechnology — 9.1%** | **Biotechnology — 9.1%** |
| Arrowhead Pharmaceuticals, Inc. (b) | 64031 | &nbsp;&nbsp;&nbsp; 4014744 |
| Ascendis Pharma AS (ADR) (b) | 29101 | &nbsp;&nbsp;&nbsp; 6656272 |
| Bridgebio Pharma, Inc. (b) | 200294 | &nbsp;&nbsp;&nbsp; 14873832 |
| Cogent Biosciences, Inc. (b) | 224603 | &nbsp;&nbsp;&nbsp; 8644969 |
| Cytokinetics, Inc. (a) (b) | 41479 | &nbsp;&nbsp;&nbsp; 2733881 |
| Halozyme Therapeutics, Inc. (b) | 95927 | &nbsp;&nbsp;&nbsp; 6199762 |
| Ionis Pharmaceuticals, Inc. (b) | 76854 | &nbsp;&nbsp;&nbsp; 5770967 |
| Madrigal Pharmaceuticals, Inc. (b) | 24846 | &nbsp;&nbsp;&nbsp; 13006136 |
| Protagonist Therapeutics, Inc. (b) | 94311 | &nbsp;&nbsp;&nbsp; 9940379 |
|  |  | &nbsp;&nbsp;&nbsp; 71840942 |
| **Building Products — 1.0%** | **Building Products — 1.0%** | **Building Products — 1.0%** |
| Zurn Elkay Water Solutions Corp.  | 175488 | &nbsp;&nbsp;&nbsp; 7868882 |
| **Capital Markets — 4.5%** | **Capital Markets — 4.5%** | **Capital Markets — 4.5%** |
| Bullish (a) (b) | 109169 | &nbsp;&nbsp;&nbsp; 3900608 |
| Evercore, Inc. - Class A | 42153 | &nbsp;&nbsp;&nbsp; 12583092 |
| Galaxy Digital, Inc. - Class A (a) (b) | 166325 | &nbsp;&nbsp;&nbsp; 3068696 |
| Piper Sandler Cos.  | 178932 | &nbsp;&nbsp;&nbsp; 13697245 |
| StepStone Group, Inc. - Class A | 46168 | &nbsp;&nbsp;&nbsp; 2203137 |
|  |  | &nbsp;&nbsp;&nbsp; 35452778 |
| **Chemicals — 1.1%** | **Chemicals — 1.1%** | **Chemicals — 1.1%** |
| Element Solutions, Inc.  | 244707 | &nbsp;&nbsp;&nbsp; 8354297 |
| **Commercial Services & Supplies — 2.2%** | **Commercial Services & Supplies — 2.2%** | **Commercial Services & Supplies — 2.2%** |
| Casella Waste Systems, Inc. - Class A (a) (b) | 46376 | &nbsp;&nbsp;&nbsp; 3679472 |
| Clean Harbors, Inc. (b) | 48011 | &nbsp;&nbsp;&nbsp; 13766194 |
|  |  | &nbsp;&nbsp;&nbsp; 17445666 |
| **Communications Equipment — 1.6%** | **Communications Equipment — 1.6%** | **Communications Equipment — 1.6%** |
| Applied Optoelectronics, Inc. (b) | 79332 | &nbsp;&nbsp;&nbsp; 6710694 |
| Viavi Solutions, Inc. (b) | 186657 | &nbsp;&nbsp;&nbsp; 6211945 |
|  |  | &nbsp;&nbsp;&nbsp; 12922639 |
| **Construction & Engineering — 3.3%** | **Construction & Engineering — 3.3%** | **Construction & Engineering — 3.3%** |
| API Group Corp. (b) | 387286 | &nbsp;&nbsp;&nbsp; 15692829 |
| Sterling Infrastructure, Inc. (a) (b) | 25849 | &nbsp;&nbsp;&nbsp; 10527522 |
|  |  | &nbsp;&nbsp;&nbsp; 26220351 |
| **Consumer Staples Distribution & Retail — 0.6%** | **Consumer Staples Distribution & Retail — 0.6%** | **Consumer Staples Distribution & Retail — 0.6%** |
| Andersons, Inc.  | 63765 | &nbsp;&nbsp;&nbsp; 4577052 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Electrical Equipment — 4.6%** | **Electrical Equipment — 4.6%** | **Electrical Equipment — 4.6%** |
| Bloom Energy Corp. - Class A (b) | 51539 | &nbsp;&nbsp;&nbsp; $6983019 |
| Forgent Power Solutions, Inc. (b) | 197943 | &nbsp;&nbsp;&nbsp; 5793792 |
| Nextpower, Inc. - Class A (b) | 71606 | &nbsp;&nbsp;&nbsp; 8632103 |
| nVent Electric PLC | 62643 | &nbsp;&nbsp;&nbsp; 7409414 |
| Regal Rexnord Corp.  | 39681 | &nbsp;&nbsp;&nbsp; 7430664 |
|  |  | &nbsp;&nbsp;&nbsp; 36248992 |
| **Electronic Equipment, Instruments & Components — 10.9%** | **Electronic Equipment, Instruments & Components — 10.9%** | **Electronic Equipment, Instruments & Components — 10.9%** |
| Advanced Energy Industries, Inc.  | 58805 | &nbsp;&nbsp;&nbsp; 18976962 |
| Cognex Corp.  | 114287 | &nbsp;&nbsp;&nbsp; 5598920 |
| Fabrinet (b) | 32553 | &nbsp;&nbsp;&nbsp; 16977041 |
| IPG Photonics Corp. (b) | 57743 | &nbsp;&nbsp;&nbsp; 6616770 |
| OSI Systems, Inc. (b) | 25563 | &nbsp;&nbsp;&nbsp; 6787232 |
| Sanmina Corp. (b) | 87864 | &nbsp;&nbsp;&nbsp; 11390689 |
| TTM Technologies, Inc. (b) | 195219 | &nbsp;&nbsp;&nbsp; 19018235 |
|  |  | &nbsp;&nbsp;&nbsp; 85365849 |
| **Energy Equipment & Services — 2.3%** | **Energy Equipment & Services — 2.3%** | **Energy Equipment & Services — 2.3%** |
| Kodiak Gas Services, Inc.  | 81795 | &nbsp;&nbsp;&nbsp; 4770285 |
| TechnipFMC PLC | 192618 | &nbsp;&nbsp;&nbsp; 13315682 |
|  |  | &nbsp;&nbsp;&nbsp; 18085967 |
| **Food Products — 0.6%** | **Food Products — 0.6%** | **Food Products — 0.6%** |
| Post Holdings, Inc. (a) (b) | 47633 | &nbsp;&nbsp;&nbsp; 4708998 |
| **Ground Transportation — 1.0%** | **Ground Transportation — 1.0%** | **Ground Transportation — 1.0%** |
| Saia, Inc. (b) | 22581 | &nbsp;&nbsp;&nbsp; 7932254 |
| **Health Care Equipment & Supplies — 1.8%** | **Health Care Equipment & Supplies — 1.8%** | **Health Care Equipment & Supplies — 1.8%** |
| Glaukos Corp. (b) | 72417 | &nbsp;&nbsp;&nbsp; 7796414 |
| TransMedics Group, Inc. (b) | 63700 | &nbsp;&nbsp;&nbsp; 6332417 |
|  |  | &nbsp;&nbsp;&nbsp; 14128831 |
| **Health Care Providers & Services — 6.5%** | **Health Care Providers & Services — 6.5%** | **Health Care Providers & Services — 6.5%** |
| Alignment Healthcare, Inc. (b) | 429873 | &nbsp;&nbsp;&nbsp; 7574362 |
| Billiontoone, Inc. - Class A (a) (b) | 30704 | &nbsp;&nbsp;&nbsp; 2423774 |
| BrightSpring Health Services, Inc. (b) | 376317 | &nbsp;&nbsp;&nbsp; 16034867 |
| Encompass Health Corp.  | 71254 | &nbsp;&nbsp;&nbsp; 6892400 |
| Guardant Health, Inc. (b) | 151500 | &nbsp;&nbsp;&nbsp; 13994055 |
| RadNet, Inc. (b) | 80560 | &nbsp;&nbsp;&nbsp; 4502498 |
|  |  | &nbsp;&nbsp;&nbsp; 51421956 |
| **Health Care Technology — 0.3%** | **Health Care Technology — 0.3%** | **Health Care Technology — 0.3%** |
| HeartFlow, Inc. (a) (b) | 83025 | &nbsp;&nbsp;&nbsp; 2019998 |
| **Hotels, Restaurants & Leisure — 2.6%** | **Hotels, Restaurants & Leisure — 2.6%** | **Hotels, Restaurants & Leisure — 2.6%** |
| Cava Group, Inc. (a) (b) | 26839 | &nbsp;&nbsp;&nbsp; 2171275 |
| Red Rock Resorts, Inc. - Class A | 140042 | &nbsp;&nbsp;&nbsp; 7472641 |
| Travel & Leisure Co.  | 112021 | &nbsp;&nbsp;&nbsp; 7750733 |
| Wyndham Hotels & Resorts, Inc.  | 34092 | &nbsp;&nbsp;&nbsp; 2769293 |
|  |  | &nbsp;&nbsp;&nbsp; 20163942 |
| **Household Durables — 1.1%** | **Household Durables — 1.1%** | **Household Durables — 1.1%** |
| Cavco Industries, Inc. (b) | 8787 | &nbsp;&nbsp;&nbsp; 4255456 |

---

**BHFTI-152**

------

**Brighthouse Funds Trust I**

**Invesco Small Cap Growth 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)** |
| M/I Homes, Inc. (b) | 35055 | &nbsp;&nbsp;&nbsp; $4292485 |
|  |  | &nbsp;&nbsp;&nbsp; 8547941 |
| **Independent Power and Renewable Electricity Producers — 0.8%** | **Independent Power and Renewable Electricity Producers — 0.8%** | **Independent Power and Renewable Electricity Producers — 0.8%** |
| Talen Energy Corp. (b) | 19995 | &nbsp;&nbsp;&nbsp; 6383004 |
| **Insurance — 0.5%** | **Insurance — 0.5%** | **Insurance — 0.5%** |
| Palomar Holdings, Inc. (b) | 32964 | &nbsp;&nbsp;&nbsp; 3939198 |
| **Interactive Media & Services — 0.7%** | **Interactive Media & Services — 0.7%** | **Interactive Media & Services — 0.7%** |
| Cargurus, Inc. (b) | 161154 | &nbsp;&nbsp;&nbsp; 5487294 |
| **Life Sciences Tools & Services — 0.4%** | **Life Sciences Tools & Services — 0.4%** | **Life Sciences Tools & Services — 0.4%** |
| Adaptive Biotechnologies Corp. (b) | 237870 | &nbsp;&nbsp;&nbsp; 3301636 |
| **Machinery — 8.8%** | **Machinery — 8.8%** | **Machinery — 8.8%** |
| Atmus Filtration Technologies, Inc.  | 228321 | &nbsp;&nbsp;&nbsp; 12961783 |
| Enpro, Inc.  | 45507 | &nbsp;&nbsp;&nbsp; 11406330 |
| ESCO Technologies, Inc.  | 62517 | &nbsp;&nbsp;&nbsp; 17590408 |
| Flowserve Corp. (a) | 80490 | &nbsp;&nbsp;&nbsp; 5916820 |
| RBC Bearings, Inc. (b) | 17585 | &nbsp;&nbsp;&nbsp; 9550765 |
| SPX Technologies, Inc. (b) | 57955 | &nbsp;&nbsp;&nbsp; 11587523 |
|  |  | &nbsp;&nbsp;&nbsp; 69013629 |
| **Metals & Mining — 2.5%** | **Metals & Mining — 2.5%** | **Metals & Mining — 2.5%** |
| Equinox Gold Corp.  | 247419 | &nbsp;&nbsp;&nbsp; 3577679 |
| ERO Copper Corp. (b) | 215300 | &nbsp;&nbsp;&nbsp; 5742051 |
| MP Materials Corp. (a) (b) | 140711 | &nbsp;&nbsp;&nbsp; 6790713 |
| Triple Flag Precious Metals Corp.  | 110298 | &nbsp;&nbsp;&nbsp; 3828443 |
|  |  | &nbsp;&nbsp;&nbsp; 19938886 |
| **Oil, Gas & Consumable Fuels — 4.7%** | **Oil, Gas & Consumable Fuels — 4.7%** | **Oil, Gas & Consumable Fuels — 4.7%** |
| Antero Resources Corp. (b) | 187059 | &nbsp;&nbsp;&nbsp; 7938784 |
| Chord Energy Corp.  | 44216 | &nbsp;&nbsp;&nbsp; 6286631 |
| Matador Resources Co.  | 99428 | &nbsp;&nbsp;&nbsp; 6281861 |
| Par Pacific Holdings, Inc. (b) | 97617 | &nbsp;&nbsp;&nbsp; 6114729 |
| Permian Resources Corp. - Class A | 388935 | &nbsp;&nbsp;&nbsp; 8292094 |
| SunocoCorp LLC (a) | 32299 | &nbsp;&nbsp;&nbsp; 1991233 |
|  |  | &nbsp;&nbsp;&nbsp; 36905332 |
| **Pharmaceuticals — 1.7%** | **Pharmaceuticals — 1.7%** | **Pharmaceuticals — 1.7%** |
| Axsome Therapeutics, Inc. (b) | 81393 | &nbsp;&nbsp;&nbsp; 13757045 |
| **Semiconductors & Semiconductor Equipment — 12.8%** | **Semiconductors & Semiconductor Equipment — 12.8%** | **Semiconductors & Semiconductor Equipment — 12.8%** |
| Allegro MicroSystems, Inc. (b) | 226035 | &nbsp;&nbsp;&nbsp; 7126884 |
| Lattice Semiconductor Corp. (b) | 160411 | &nbsp;&nbsp;&nbsp; 14879724 |
| MACOM Technology Solutions Holdings, Inc. (b) | 108191 | &nbsp;&nbsp;&nbsp; 24025975 |
| MKS, Inc.  | 67538 | &nbsp;&nbsp;&nbsp; 15520908 |
| Nova Ltd. (b) | 33860 | &nbsp;&nbsp;&nbsp; 14704721 |
| Onto Innovation, Inc. (b) | 20469 | &nbsp;&nbsp;&nbsp; 4197578 |
| Rambus, Inc. (b) | 43064 | &nbsp;&nbsp;&nbsp; 3704796 |
| Tower Semiconductor Ltd. (b) | 94773 | &nbsp;&nbsp;&nbsp; 16630766 |
|  |  | &nbsp;&nbsp;&nbsp; 100791352 |
| **Software — 0.7%** | **Software — 0.7%** | **Software — 0.7%** |
| Cellebrite DI Ltd. (b) | 156351 | &nbsp;&nbsp;&nbsp; 2154517 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Software—(Continued)** | **Software—(Continued)** | **Software—(Continued)** |
| InterDigital, Inc. (a) | 11801 | &nbsp;&nbsp;&nbsp; $3563902 |
|  |  | &nbsp;&nbsp;&nbsp; 5718419 |
| **Specialty Retail — 1.7%** | **Specialty Retail — 1.7%** | **Specialty Retail — 1.7%** |
| Academy Sports & Outdoors, Inc.  | 74194 | &nbsp;&nbsp;&nbsp; 4188251 |
| Boot Barn Holdings, Inc. (b) | 60806 | &nbsp;&nbsp;&nbsp; 8899566 |
|  |  | &nbsp;&nbsp;&nbsp; 13087817 |
| **Textiles, Apparel & Luxury Goods — 0.7%** | **Textiles, Apparel & Luxury Goods — 0.7%** | **Textiles, Apparel & Luxury Goods — 0.7%** |
| Gildan Activewear, Inc.  | 94353 | &nbsp;&nbsp;&nbsp; 5250744 |
| **Trading Companies & Distributors — 1.1%** | **Trading Companies & Distributors — 1.1%** | **Trading Companies & Distributors — 1.1%** |
| Applied Industrial Technologies, Inc.  | 31158 | &nbsp;&nbsp;&nbsp; 8266840 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $618,800,669) <br>|  | &nbsp;&nbsp;&nbsp; 765606862 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—2.7%** | **Short-Term Investments—2.7%** | **Short-Term Investments—2.7%** |
| **Repurchase Agreement—2.7%** | **Repurchase Agreement—2.7%** | **Repurchase Agreement—2.7%** |
| 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 $21,649,358; collateralized <br> by U.S. Treasury Note at 3.750%, maturing 08/15/27, with a <br> market value of $22,080,995<br>| 21647855 | &nbsp;&nbsp;&nbsp; 21647855 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $21,647,855) <br>|  | &nbsp;&nbsp;&nbsp; 21647855 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (c)—1.4%** | **Securities Lending Reinvestments (c)—1.4%** | **Securities Lending Reinvestments (c)—1.4%** |
| **Short-Term Investment Funds—0.2%** | **Short-Term Investment Funds—0.2%** | **Short-Term Investment Funds—0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds FedFund, <br>Institutional Shares 3.550% (d)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &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; 2000000 |

---

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

---

| | | |
|:---|:---|:---|
| **Repurchase Agreements—1.2%** | **Repurchase Agreements—1.2%** | **Repurchase Agreements—1.2%** |
| 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 $200,020; 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 $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 $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 |
| Barclays Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.660%, 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 4.000% - <br> 4.500%, maturity dates ranging from 05/31/29 - 07/31/29, <br> and an aggregate market value of $1,020,001<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |

---

**BHFTI-153**

------

**Brighthouse Funds Trust I**

**Invesco 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)** |
| 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 $1,500,153; 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 $1,530,000<br>| 1500000 | &nbsp;&nbsp;&nbsp; $1500000 |
| Citigroup Global Markets, Inc. |  |  |
| &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 |
| 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 $1,426,217; collateralized <br> by 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 $1,454,594<br>| 1426073 | &nbsp;&nbsp;&nbsp; 1426073 |
| 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 $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 |
|  |  | &nbsp;&nbsp;&nbsp; 9126073 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $11,126,073) <br>|  | &nbsp;&nbsp;&nbsp; 11126073 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—101.5% <br>(Cost $651,574,597) <br>|  | &nbsp;&nbsp;&nbsp; 798380790 |
| Other assets and liabilities (net)—(1.5)%  |  | &nbsp;&nbsp;&nbsp; (12164505)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $786216285 |

---

&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 $24,322,738 and the collateral received consisted of cash in the amount of <br> $11,126,073 and non-cash collateral with a value of $12,775,840. 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; $765606862 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $765606862 |
| Total Short-Term Investments\* | &nbsp;&nbsp; — | &nbsp;&nbsp; 21647855 | &nbsp;&nbsp; — | &nbsp;&nbsp; 21647855 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 2000000 |

---

**BHFTI-154**

------

**Brighthouse Funds Trust I**

**Invesco Small Cap Growth 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; Repurchase Agreements | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $9126073 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $9126073 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; 9126073 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11126073 |
| Total Investments | &nbsp;&nbsp;&nbsp; $767606862 | &nbsp;&nbsp;&nbsp; $30773928 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $798380790 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(11126073)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(11126073)<br>|

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-155**

------

**Brighthouse Funds Trust I**

**JPMorgan Core Bond Portfolio**

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

**U.S. Treasury & Government Agencies—29.7% 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 — 0.3%** | **Federal Agencies — 0.3%** | **Federal Agencies — 0.3%** |
| Tennessee Valley Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.880%, 04/01/36 (a) | 1600000 | &nbsp;&nbsp;&nbsp; $1773724 |
| Tennessee Valley Authority Generic STRIPS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 03/15/32 (b) | 1000000 | &nbsp;&nbsp;&nbsp; 775306 |
| Tennessee Valley Authority Principal STRIPS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/15/35 | 750000 | &nbsp;&nbsp;&nbsp; 488018 |
|  |  | &nbsp;&nbsp;&nbsp; 3037048 |
| **U.S. Treasury — 29.4%** | **U.S. Treasury — 29.4%** | **U.S. Treasury — 29.4%** |
| U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 05/15/40 | 555000 | &nbsp;&nbsp;&nbsp; 349607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, 05/15/50 (a) | 528000 | &nbsp;&nbsp;&nbsp; 250573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 08/15/50 | 380000 | &nbsp;&nbsp;&nbsp; 185814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 11/15/50 | 6800000 | &nbsp;&nbsp;&nbsp; 3547953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 11/15/51 | 8840000 | &nbsp;&nbsp;&nbsp; 4856130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/15/50 | 5127000 | &nbsp;&nbsp;&nbsp; 2984875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/15/51 | 3675000 | &nbsp;&nbsp;&nbsp; 2092310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 05/15/41 | 12370000 | &nbsp;&nbsp;&nbsp; 9013188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 08/15/46 | 5537000 | &nbsp;&nbsp;&nbsp; 3609216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 08/15/49 | 170000 | &nbsp;&nbsp;&nbsp; 105739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 02/15/52 | 10400000 | &nbsp;&nbsp;&nbsp; 6267625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 11/15/49 | 4475000 | &nbsp;&nbsp;&nbsp; 2850890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 11/15/42 | 9475000 | &nbsp;&nbsp;&nbsp; 7206552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 08/15/47 | 8000000 | &nbsp;&nbsp;&nbsp; 5660938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/43 | 10415000 | &nbsp;&nbsp;&nbsp; 7998801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/49 | 27000 | &nbsp;&nbsp;&nbsp; 19195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/52 | 2280000 | &nbsp;&nbsp;&nbsp; 1581216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/15/44 | 238000 | &nbsp;&nbsp;&nbsp; 182237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/15/45 | 510000 | &nbsp;&nbsp;&nbsp; 385508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/15/47 | 276000 | &nbsp;&nbsp;&nbsp; 205642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/15/48 | 1580000 | &nbsp;&nbsp;&nbsp; 1165127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 02/15/43 | 1160000 | &nbsp;&nbsp;&nbsp; 928770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/15/39 | 7063500 | &nbsp;&nbsp;&nbsp; 6372601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 08/15/43 | 16086000 | &nbsp;&nbsp;&nbsp; 13737821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 02/15/44 | 4325000 | &nbsp;&nbsp;&nbsp; 3673885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 11/15/43 | 2908000 | &nbsp;&nbsp;&nbsp; 2519737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 08/15/40 | 5950000 | &nbsp;&nbsp;&nbsp; 5453547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 02/15/43 | 435000 | &nbsp;&nbsp;&nbsp; 386521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 05/15/43 | 215000 | &nbsp;&nbsp;&nbsp; 190552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/42 | 4600000 | &nbsp;&nbsp;&nbsp; 4162461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 05/15/39 | 2850000 | &nbsp;&nbsp;&nbsp; 2766170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 02/15/38 | 720000 | &nbsp;&nbsp;&nbsp; 718650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 05/15/41 | 1200000 | &nbsp;&nbsp;&nbsp; 1155703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/15/54 | 3920000 | &nbsp;&nbsp;&nbsp; 3662138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 11/15/45 | 13342000 | &nbsp;&nbsp;&nbsp; 12868776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 02/15/46 (a) | 2160000 | &nbsp;&nbsp;&nbsp; 2082375 |
| U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 11/15/31 | 17237000 | &nbsp;&nbsp;&nbsp; 14947711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 05/15/31 | 3640000 | &nbsp;&nbsp;&nbsp; 3246283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 02/15/32 | 38469000 | &nbsp;&nbsp;&nbsp; 34112686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 08/31/31 | 17459000 | &nbsp;&nbsp;&nbsp; 17242126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 12/31/32 | 6125000 | &nbsp;&nbsp;&nbsp; 6036235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 08/15/34 (a) | 10675000 | &nbsp;&nbsp;&nbsp; 10403538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/15/34 | 3501000 | &nbsp;&nbsp;&nbsp; 3453408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 11/15/34 | 13705000 | &nbsp;&nbsp;&nbsp; 13701253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 02/15/35 (a) | 79506000 | &nbsp;&nbsp;&nbsp; 81574398 |

---

---

| | | |
|:---|:---|:---|
| **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; 4.875%, 10/31/30 | 1265000 | &nbsp;&nbsp;&nbsp; $1314266 |
| U.S. Treasury STRIPS Coupon |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 02/15/30 | 6300000 | &nbsp;&nbsp;&nbsp; 5414058 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 05/15/30 | 700000 | &nbsp;&nbsp;&nbsp; 595372 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 08/15/30 | 3925000 | &nbsp;&nbsp;&nbsp; 3303131 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 02/15/31 | 12775000 | &nbsp;&nbsp;&nbsp; 10521884 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 11/15/31 | 3000000 | &nbsp;&nbsp;&nbsp; 2390046 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 02/15/32 | 12900000 | &nbsp;&nbsp;&nbsp; 10155351 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 05/15/32 | 800000 | &nbsp;&nbsp;&nbsp; 623507 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 08/15/33 | 400000 | &nbsp;&nbsp;&nbsp; 293635 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 11/15/33 | 3135000 | &nbsp;&nbsp;&nbsp; 2273808 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 02/15/34 | 2000000 | &nbsp;&nbsp;&nbsp; 1431342 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 08/15/34 | 2600000 | &nbsp;&nbsp;&nbsp; 1815665 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 08/15/35 | 707000 | &nbsp;&nbsp;&nbsp; 469368 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 11/15/36 | 706000 | &nbsp;&nbsp;&nbsp; 438002 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 02/15/37 | 706000 | &nbsp;&nbsp;&nbsp; 431621 |
|  |  | &nbsp;&nbsp;&nbsp; 347387537 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury & Government Agencies <br>(Cost $390,997,798) <br>|  | &nbsp;&nbsp;&nbsp; 350424585 |
| **Agency Sponsored Mortgage-Backed Securities—28.9%** | **Agency Sponsored Mortgage-Backed Securities—28.9%** | **Agency Sponsored Mortgage-Backed Securities—28.9%** |
| **Agency Collateralized Mortgage Obligations — 3.8%** | **Agency Collateralized Mortgage Obligations — 3.8%** | **Agency Collateralized Mortgage Obligations — 3.8%** |
| Federal Home Loan Mortgage Corp. REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.583%, -1x SOFR30A + 6.256%, 10/15/37 (b) (c) | 1014816 | &nbsp;&nbsp;&nbsp; 85205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.613%, -1x SOFR30A + 6.286%, 11/15/36 (b) (c) | 491143 | &nbsp;&nbsp;&nbsp; 39399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.237%, SOFR30A + 0.564%, 08/15/42 (c) | 1289598 | &nbsp;&nbsp;&nbsp; 1275829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.467%, SOFR30A + 0.794%, 11/15/37 (c) | 185982 | &nbsp;&nbsp;&nbsp; 186290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/15/35 | 406641 | &nbsp;&nbsp;&nbsp; 411021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.137%, SOFR30A + 1.464%, 03/15/38 (c) | 600000 | &nbsp;&nbsp;&nbsp; 622651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/15/35 | 1043720 | &nbsp;&nbsp;&nbsp; 1103772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/15/36 | 741643 | &nbsp;&nbsp;&nbsp; 781269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 05/15/28 | 20665 | &nbsp;&nbsp;&nbsp; 20861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/15/37 | 185714 | &nbsp;&nbsp;&nbsp; 198139 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Seasoned Credit Risk <br> Transfer Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/25/62 | 2713768 | &nbsp;&nbsp;&nbsp; 2282883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 11/25/61 | 2017890 | &nbsp;&nbsp;&nbsp; 1757368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/25/57 | 2654689 | &nbsp;&nbsp;&nbsp; 2484112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/25/57 | 2462789 | &nbsp;&nbsp;&nbsp; 2301229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/25/58 | 2440185 | &nbsp;&nbsp;&nbsp; 2206552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/25/58 | 1350000 | &nbsp;&nbsp;&nbsp; 1133430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/25/64 | 3118972 | &nbsp;&nbsp;&nbsp; 2744315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/25/57 | 1907119 | &nbsp;&nbsp;&nbsp; 1803672 |
| Federal Home Loan Mortgage Corp. STRIPS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 09/15/43 (d) | 270682 | &nbsp;&nbsp;&nbsp; 209536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/15/43 | 796267 | &nbsp;&nbsp;&nbsp; 730430 |
| Federal National Mortgage Association Benchmark REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/25/37 | 195909 | &nbsp;&nbsp;&nbsp; 200665 |
| Federal National Mortgage Association Grantor Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.898%, 06/25/27 | 3890000 | &nbsp;&nbsp;&nbsp; 3827723 |
| Federal National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 09/25/43 (d) | 450458 | &nbsp;&nbsp;&nbsp; 347676 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 10/25/43 (d) | 265287 | &nbsp;&nbsp;&nbsp; 193846 |

---

**BHFTI-156**

------

**Brighthouse Funds Trust I**

**JPMorgan Core Bond 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; Zero Coupon, 12/25/43 (d) | 474757 | &nbsp;&nbsp;&nbsp; $368563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.754%, -1x SOFR30A + 6.416%, 01/25/41 (b) (c) | 1193557 | &nbsp;&nbsp;&nbsp; 128102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/25/43 | 946066 | &nbsp;&nbsp;&nbsp; 892248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/25/57 | 1666094 | &nbsp;&nbsp;&nbsp; 1609039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.276%, SOFR30A + 0.614%, 10/25/42 (c) | 154974 | &nbsp;&nbsp;&nbsp; 153337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.376%, SOFR30A + 0.714%, 10/25/43 (c) | 606355 | &nbsp;&nbsp;&nbsp; 602273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.376%, SOFR30A + 0.714%, 12/25/43 (c) | 566260 | &nbsp;&nbsp;&nbsp; 562707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.676%, SOFR30A + 1.014%, 03/25/38 (c) | 61940 | &nbsp;&nbsp;&nbsp; 62442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.776%, SOFR30A + 1.114%, 08/25/32 (c) | 136828 | &nbsp;&nbsp;&nbsp; 138219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/25/40 | 1279348 | &nbsp;&nbsp;&nbsp; 1292411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/25/35 | 333196 | &nbsp;&nbsp;&nbsp; 341759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/25/36 | 760999 | &nbsp;&nbsp;&nbsp; 796291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 07/18/28 | 9033 | &nbsp;&nbsp;&nbsp; 9108 |
| Government National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.650%, 02/20/63 | 18833 | &nbsp;&nbsp;&nbsp; 18110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.650%, 04/20/63 | 49806 | &nbsp;&nbsp;&nbsp; 47654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.083%, 1M TSFR + 0.414%, 08/20/60 (c) | 45 | &nbsp;&nbsp;&nbsp; 45 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.083%, 1M TSFR + 0.414%, 11/20/62 (c) | 135 | &nbsp;&nbsp;&nbsp; 135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.123%, 1M TSFR + 0.454%, 12/20/62 (c) | 167231 | &nbsp;&nbsp;&nbsp; 166722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.182%, 1M TSFR + 0.514%, 02/20/62 (c) | 19599 | &nbsp;&nbsp;&nbsp; 19478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.193%, 1M TSFR + 0.524%, 03/20/63 (c) | 43145 | &nbsp;&nbsp;&nbsp; 43076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.203%, 1M TSFR + 0.534%, 02/20/63 (c) | 312430 | &nbsp;&nbsp;&nbsp; 311996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.253%, 1M TSFR + 0.584%, 03/20/63 (c) | 153284 | &nbsp;&nbsp;&nbsp; 153186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.253%, 1M TSFR + 0.584%, 07/20/64 (c) | 127354 | &nbsp;&nbsp;&nbsp; 127283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.253%, 1M TSFR + 0.584%, 09/20/64 (c) | 184358 | &nbsp;&nbsp;&nbsp; 184261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.263%, 1M TSFR + 0.594%, 04/20/63 (c) | 224264 | &nbsp;&nbsp;&nbsp; 224211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.283%, 1M TSFR + 0.614%, 01/20/63 (c) | 10544 | &nbsp;&nbsp;&nbsp; 10531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.283%, 1M TSFR + 0.614%, 04/20/63 (c) | 484932 | &nbsp;&nbsp;&nbsp; 484831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.283%, 1M TSFR + 0.614%, 06/20/64 (c) | 964275 | &nbsp;&nbsp;&nbsp; 964119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.283%, 1M TSFR + 0.614%, 07/20/64 (c) | 368395 | &nbsp;&nbsp;&nbsp; 368336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.290%, 1M TSFR + 0.614%, 09/20/37 (c) | 63474 | &nbsp;&nbsp;&nbsp; 63171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.333%, 1M TSFR + 0.664%, 04/20/62 (c) | 64 | &nbsp;&nbsp;&nbsp; 64 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.383%, 1M TSFR + 0.714%, 04/20/64 (c) | 1685507 | &nbsp;&nbsp;&nbsp; 1687683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.407%, 04/20/43 (c) | 746406 | &nbsp;&nbsp;&nbsp; 715915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.433%, 1M TSFR + 0.764%, 07/20/63 (c) | 34525 | &nbsp;&nbsp;&nbsp; 34577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.433%, 1M TSFR + 0.764%, 01/20/64 (c) | 40217 | &nbsp;&nbsp;&nbsp; 40303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.433%, 1M TSFR + 0.764%, 02/20/64 (c) | 178926 | &nbsp;&nbsp;&nbsp; 179207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.433%, 1M TSFR + 0.764%, 03/20/64 (c) | 80285 | &nbsp;&nbsp;&nbsp; 80477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.473%, 1M TSFR + 0.804%, 02/20/64 (c) | 218044 | &nbsp;&nbsp;&nbsp; 218749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.483%, 1M TSFR + 0.814%, 09/20/63 (c) | 53818 | &nbsp;&nbsp;&nbsp; 53917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.533%, 1M TSFR + 0.864%, 09/20/63 (c) | 15395 | &nbsp;&nbsp;&nbsp; 15477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.783%, 1M TSFR + 1.114%, 12/20/66 (c) | 243057 | &nbsp;&nbsp;&nbsp; 244603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.902%, 11/20/42 (c) | 2396127 | &nbsp;&nbsp;&nbsp; 2437360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/20/33 | 251104 | &nbsp;&nbsp;&nbsp; 250440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/16/39 | 4047 | &nbsp;&nbsp;&nbsp; 4039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/20/39 | 603501 | &nbsp;&nbsp;&nbsp; 615628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/20/39 | 626583 | &nbsp;&nbsp;&nbsp; 651790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.067%, 06/20/40 (c) | 780624 | &nbsp;&nbsp;&nbsp; 794914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/16/33 (b) | 226804 | &nbsp;&nbsp;&nbsp; 1292 |
|  |  | &nbsp;&nbsp;&nbsp; 45117952 |
| **Agency Mortgage-Backed Securities — 25.1%** | **Agency Mortgage-Backed Securities — 25.1%** | **Agency Mortgage-Backed Securities — 25.1%** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/50 | 8483523 | &nbsp;&nbsp;&nbsp; 7173547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/01/51 | 1941471 | &nbsp;&nbsp;&nbsp; 1655787 |

---

---

| | | |
|:---|:---|:---|
| **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; 2.500%, 01/01/52 | 3579901 | &nbsp;&nbsp;&nbsp; $3049435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/50 | 2955477 | &nbsp;&nbsp;&nbsp; 2677148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/52 | 2429588 | &nbsp;&nbsp;&nbsp; 2135855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/32 | 187449 | &nbsp;&nbsp;&nbsp; 183995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/32 | 629172 | &nbsp;&nbsp;&nbsp; 613707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/33 | 1016765 | &nbsp;&nbsp;&nbsp; 989381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/33 | 1066971 | &nbsp;&nbsp;&nbsp; 1038348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/33 | 1669234 | &nbsp;&nbsp;&nbsp; 1629175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/33 | 346893 | &nbsp;&nbsp;&nbsp; 336864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/43 | 623999 | &nbsp;&nbsp;&nbsp; 587085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 06/01/34 | 3207791 | &nbsp;&nbsp;&nbsp; 3039419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 08/01/32 | 3500000 | &nbsp;&nbsp;&nbsp; 3368494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/32 | 138753 | &nbsp;&nbsp;&nbsp; 137026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/32 | 362178 | &nbsp;&nbsp;&nbsp; 357729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/32 | 285679 | &nbsp;&nbsp;&nbsp; 281532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/33 | 19889 | &nbsp;&nbsp;&nbsp; 19760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/33 | 69681 | &nbsp;&nbsp;&nbsp; 68714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/42 | 731315 | &nbsp;&nbsp;&nbsp; 706994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/43 | 1261932 | &nbsp;&nbsp;&nbsp; 1219901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/46 | 896736 | &nbsp;&nbsp;&nbsp; 867682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/48 | 1098000 | &nbsp;&nbsp;&nbsp; 1053353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/52 | 488363 | &nbsp;&nbsp;&nbsp; 463150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/01/34 | 60925 | &nbsp;&nbsp;&nbsp; 61158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/39 | 418830 | &nbsp;&nbsp;&nbsp; 423512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/54 | 893886 | &nbsp;&nbsp;&nbsp; 911915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.345%, 1Y RFUCCT + 1.850%, 07/01/40 (c) | 177087 | &nbsp;&nbsp;&nbsp; 183831 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured <br> Credit Risk<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.912%, SOFR30A + 4.250%, 05/25/52 (144A) (c) | 1245314 | &nbsp;&nbsp;&nbsp; 1268795 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured <br> Pass-Through Certificates<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.920%, 06/25/32 | 3100000 | &nbsp;&nbsp;&nbsp; 2856365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.970%, 04/25/28 (c) | 1790000 | &nbsp;&nbsp;&nbsp; 1759172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.690%, 01/25/29 | 397000 | &nbsp;&nbsp;&nbsp; 392305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.710%, 09/25/32 (c) | 3035000 | &nbsp;&nbsp;&nbsp; 2914315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 10/25/32 (c) | 2100000 | &nbsp;&nbsp;&nbsp; 2024874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 08/25/28 (c) | 3170000 | &nbsp;&nbsp;&nbsp; 3151370 |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.508%, 11/01/32 (c) | 8133102 | &nbsp;&nbsp;&nbsp; 6861218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.755%, 03/01/32 (c) | 5016024 | &nbsp;&nbsp;&nbsp; 4364973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.800%, 10/01/33 | 3454564 | &nbsp;&nbsp;&nbsp; 2911909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.930%, 11/01/31 | 4300000 | &nbsp;&nbsp;&nbsp; 3796055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/01/51 | 3874955 | &nbsp;&nbsp;&nbsp; 3132357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.010%, 01/01/32 | 4050000 | &nbsp;&nbsp;&nbsp; 3588875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.440%, 06/01/30 | 2838545 | &nbsp;&nbsp;&nbsp; 2655336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/01/50 | 2951695 | &nbsp;&nbsp;&nbsp; 2529637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/50 | 2449979 | &nbsp;&nbsp;&nbsp; 2103888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/01/50 | 1801160 | &nbsp;&nbsp;&nbsp; 1549864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/01/51 | 3071099 | &nbsp;&nbsp;&nbsp; 2618907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/51 | 3096009 | &nbsp;&nbsp;&nbsp; 2605678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/01/51 | 5771871 | &nbsp;&nbsp;&nbsp; 4914289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/01/52 | 2383428 | &nbsp;&nbsp;&nbsp; 2046336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/52 | 3213359 | &nbsp;&nbsp;&nbsp; 2757805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/52 | 3219160 | &nbsp;&nbsp;&nbsp; 2769512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/01/52 | 3860733 | &nbsp;&nbsp;&nbsp; 3319405 |

---

**BHFTI-157**

------

**Brighthouse Funds Trust I**

**JPMorgan Core Bond 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%, 09/01/52 | 4476046 | &nbsp;&nbsp;&nbsp; $3781195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/62 | 2218022 | &nbsp;&nbsp;&nbsp; 1823840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.510%, 10/01/30 | 3150000 | &nbsp;&nbsp;&nbsp; 2933264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.730%, 07/01/28 | 2671630 | &nbsp;&nbsp;&nbsp; 2592305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.810%, 09/01/31 | 1299595 | &nbsp;&nbsp;&nbsp; 1215603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.970%, 06/01/30 | 2714599 | &nbsp;&nbsp;&nbsp; 2592165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/43 | 1200391 | &nbsp;&nbsp;&nbsp; 1099861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/52 | 2309850 | &nbsp;&nbsp;&nbsp; 2030843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/52 | 4823294 | &nbsp;&nbsp;&nbsp; 4280399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/52 | 3421473 | &nbsp;&nbsp;&nbsp; 3012077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/01/60 | 2156989 | &nbsp;&nbsp;&nbsp; 1863846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/61 | 2507112 | &nbsp;&nbsp;&nbsp; 2166223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/26 | 4571 | &nbsp;&nbsp;&nbsp; 4555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/33 | 676673 | &nbsp;&nbsp;&nbsp; 660737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/33 | 839750 | &nbsp;&nbsp;&nbsp; 817556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/42 | 661567 | &nbsp;&nbsp;&nbsp; 624734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/42 | 201857 | &nbsp;&nbsp;&nbsp; 192478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/43 | 805113 | &nbsp;&nbsp;&nbsp; 756535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/50 | 2407525 | &nbsp;&nbsp;&nbsp; 2253671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/50 | 1753925 | &nbsp;&nbsp;&nbsp; 1624383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/51 | 1303298 | &nbsp;&nbsp;&nbsp; 1204248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/52 | 3786619 | &nbsp;&nbsp;&nbsp; 3480124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/60 | 1664101 | &nbsp;&nbsp;&nbsp; 1514038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/61 | 1204995 | &nbsp;&nbsp;&nbsp; 1085688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/62 | 2639515 | &nbsp;&nbsp;&nbsp; 2378236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.540%, 06/01/32 | 4357000 | &nbsp;&nbsp;&nbsp; 4160166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.550%, 02/01/30 | 1500000 | &nbsp;&nbsp;&nbsp; 1466083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.730%, 10/01/32 | 2463120 | &nbsp;&nbsp;&nbsp; 2371468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 09/01/32 | 3411180 | &nbsp;&nbsp;&nbsp; 3298774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.805%, 11/01/32 | 2025000 | &nbsp;&nbsp;&nbsp; 1959109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.895%, 02/01/33 | 3450000 | &nbsp;&nbsp;&nbsp; 3340499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.970%, 08/01/33 | 4596430 | &nbsp;&nbsp;&nbsp; 4420463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/31 | 184578 | &nbsp;&nbsp;&nbsp; 183063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/32 | 125326 | &nbsp;&nbsp;&nbsp; 123456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/40 | 58183 | &nbsp;&nbsp;&nbsp; 56517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/42 | 410864 | &nbsp;&nbsp;&nbsp; 398589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/47 | 389200 | &nbsp;&nbsp;&nbsp; 373633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/52 | 4469872 | &nbsp;&nbsp;&nbsp; 4234602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/52 | 7105648 | &nbsp;&nbsp;&nbsp; 6734781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.170%, 05/01/33 | 3000000 | &nbsp;&nbsp;&nbsp; 2950632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.185%, 04/01/33 | 3000000 | &nbsp;&nbsp;&nbsp; 2952116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.190%, 04/01/33 | 2000000 | &nbsp;&nbsp;&nbsp; 1967611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.330%, 01/01/33 | 2693614 | &nbsp;&nbsp;&nbsp; 2676947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/62 | 1722607 | &nbsp;&nbsp;&nbsp; 1662691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.520%, 06/01/33 | 1577778 | &nbsp;&nbsp;&nbsp; 1588304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.520%, 10/01/33 | 1300000 | &nbsp;&nbsp;&nbsp; 1307501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 09/01/33 | 3066188 | &nbsp;&nbsp;&nbsp; 3089055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.590%, 04/01/33 | 3350000 | &nbsp;&nbsp;&nbsp; 3365976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.735%, 02/01/33 | 3100000 | &nbsp;&nbsp;&nbsp; 3142442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/35 | 224835 | &nbsp;&nbsp;&nbsp; 224185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/53 | 3688172 | &nbsp;&nbsp;&nbsp; 3649303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.080%, 02/01/32 | 3141453 | &nbsp;&nbsp;&nbsp; 3245134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.290%, 12/01/32 | 2462056 | &nbsp;&nbsp;&nbsp; 2552809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/58 | 1533408 | &nbsp;&nbsp;&nbsp; 1589035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/28 | 20003 | &nbsp;&nbsp;&nbsp; 20391 |

---

---

| | | |
|:---|:---|:---|
| **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%, 12/01/39 | 83320 | &nbsp;&nbsp;&nbsp; $86120 |
| Federal National Mortgage Association-ACES |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.200%, 10/25/30 | 789222 | &nbsp;&nbsp;&nbsp; 763696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.707%, 11/25/31 (c) | 7400000 | &nbsp;&nbsp;&nbsp; 6433533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.822%, 10/25/30 (b) (c) | 12894783 | &nbsp;&nbsp;&nbsp; 395813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.830%, 11/25/33 (b) (c) | 5185079 | &nbsp;&nbsp;&nbsp; 299159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.932%, 01/25/32 (c) | 4784277 | &nbsp;&nbsp;&nbsp; 4216808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.475%, 12/25/26 (c) | 514975 | &nbsp;&nbsp;&nbsp; 509417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.488%, 05/25/26 | 658439 | &nbsp;&nbsp;&nbsp; 656266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.020%, 04/25/29 (c) | 1206178 | &nbsp;&nbsp;&nbsp; 1172278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.061%, 05/25/27 (c) | 1875867 | &nbsp;&nbsp;&nbsp; 1856371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.067%, 03/25/28 (c) | 1269165 | &nbsp;&nbsp;&nbsp; 1246938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.073%, 06/25/27 (c) | 1545577 | &nbsp;&nbsp;&nbsp; 1527955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.075%, 02/25/30 (c) | 857784 | &nbsp;&nbsp;&nbsp; 827459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.368%, 07/25/28 (c) | 3449928 | &nbsp;&nbsp;&nbsp; 3399016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.759%, 08/25/32 (c) | 2573394 | &nbsp;&nbsp;&nbsp; 2488733 |
| FREMF Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.420%, 04/25/28 (144A) (c) | 3100000 | &nbsp;&nbsp;&nbsp; 2965871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.564%, 11/25/49 (144A) (c) | 1700000 | &nbsp;&nbsp;&nbsp; 1687822 |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/20/51 | 2057381 | &nbsp;&nbsp;&nbsp; 1771189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/20/51 | 1397046 | &nbsp;&nbsp;&nbsp; 1248023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/20/51 | 2102738 | &nbsp;&nbsp;&nbsp; 1904071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/20/52 | 2404708 | &nbsp;&nbsp;&nbsp; 2219019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/20/52 | 2496710 | &nbsp;&nbsp;&nbsp; 2350163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/20/52 | 3000551 | &nbsp;&nbsp;&nbsp; 2813057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/20/52 | 5340176 | &nbsp;&nbsp;&nbsp; 5047298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/20/49 | 1452572 | &nbsp;&nbsp;&nbsp; 1404166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/20/52 | 2609739 | &nbsp;&nbsp;&nbsp; 2570803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.214%, 1Y H15 + 1.708%, 03/20/72 (c) | 3000056 | &nbsp;&nbsp;&nbsp; 3138862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.214%, 1Y H15 + 1.715%, 04/20/72 (c) | 2749896 | &nbsp;&nbsp;&nbsp; 2873093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.249%, 1Y H15 + 1.744%, 10/20/71 (c) | 3173585 | &nbsp;&nbsp;&nbsp; 3307043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.261%, 1Y H15 + 1.756%, 11/20/71 (c) | 3433804 | &nbsp;&nbsp;&nbsp; 3588093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.279%, 1Y H15 + 1.771%, 12/20/71 (c) | 2944613 | &nbsp;&nbsp;&nbsp; 3079317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.290%, 1Y H15 + 1.812%, 08/20/71 (c) | 2862821 | &nbsp;&nbsp;&nbsp; 2994353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.295%, 1Y H15 + 1.780%, 09/20/71 (c) | 2999822 | &nbsp;&nbsp;&nbsp; 3135045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/20/53 | 2363401 | &nbsp;&nbsp;&nbsp; 2397398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 1Y H15 + 1.500%, 04/20/41 (c) | 81713 | &nbsp;&nbsp;&nbsp; 83032 |
|  |  | &nbsp;&nbsp;&nbsp; 295678956 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Agency Sponsored Mortgage-Backed Securities <br>(Cost $354,952,952) <br>|  | &nbsp;&nbsp;&nbsp; 340796908 |
| **Corporate Bonds & Notes—26.9%** | **Corporate Bonds & Notes—26.9%** | **Corporate Bonds & Notes—26.9%** |
| **Aerospace/Defense — 0.6%** | **Aerospace/Defense — 0.6%** | **Aerospace/Defense — 0.6%** |
| BAE Systems PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.900%, 02/15/31 (144A) | 720000 | &nbsp;&nbsp;&nbsp; 634519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/15/50 (144A) | 332000 | &nbsp;&nbsp;&nbsp; 219060 |
| Boeing Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 05/01/26 | 360000 | &nbsp;&nbsp;&nbsp; 359525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 03/01/28 | 659000 | &nbsp;&nbsp;&nbsp; 644771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.040%, 05/01/27 (a) | 335000 | &nbsp;&nbsp;&nbsp; 336886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.705%, 05/01/40 | 550000 | &nbsp;&nbsp;&nbsp; 550865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.298%, 05/01/29 | 580000 | &nbsp;&nbsp;&nbsp; 608905 |

---

**BHFTI-158**

------

**Brighthouse Funds Trust I**

**JPMorgan Core Bond 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)** |
| Boeing Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.388%, 05/01/31 | 330000 | &nbsp;&nbsp;&nbsp; $351893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.528%, 05/01/34 | 540000 | &nbsp;&nbsp;&nbsp; 588245 |
| Honeywell Aerospace, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 03/16/36 (144A) | 945000 | &nbsp;&nbsp;&nbsp; 937632 |
| RTX Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.820%, 09/01/51 | 1260000 | &nbsp;&nbsp;&nbsp; 770604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 04/15/47 | 133000 | &nbsp;&nbsp;&nbsp; 110123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/42 | 550000 | &nbsp;&nbsp;&nbsp; 488070 |
|  |  | &nbsp;&nbsp;&nbsp; 6601098 |
| **Agriculture — 0.2%** | **Agriculture — 0.2%** | **Agriculture — 0.2%** |
| Altria Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.450%, 02/04/32 | 485000 | &nbsp;&nbsp;&nbsp; 425583 |
| BAT Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.540%, 08/15/47 (a) | 363000 | &nbsp;&nbsp;&nbsp; 294731 |
| Bunge Ltd. Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 09/17/34 (a) | 730000 | &nbsp;&nbsp;&nbsp; 706748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 08/04/35 | 525000 | &nbsp;&nbsp;&nbsp; 522750 |
| Reynolds American, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 08/04/41 | 570000 | &nbsp;&nbsp;&nbsp; 599023 |
|  |  | &nbsp;&nbsp;&nbsp; 2548835 |
| **Airlines — 0.5%** | **Airlines — 0.5%** | **Airlines — 0.5%** |
| Air Canada Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 07/15/31 (144A) | 315392 | &nbsp;&nbsp;&nbsp; 301589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.550%, 07/15/31 (144A) | 447216 | &nbsp;&nbsp;&nbsp; 425092 |
| British Airways Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 06/15/34 (144A) | 396497 | &nbsp;&nbsp;&nbsp; 375000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 03/20/33 (144A) | 298981 | &nbsp;&nbsp;&nbsp; 291754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 03/20/33 (144A) | 403565 | &nbsp;&nbsp;&nbsp; 390003 |
| Delta Air Lines Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/10/29 | 277849 | &nbsp;&nbsp;&nbsp; 268681 |
| United Airlines Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 04/07/30 | 581137 | &nbsp;&nbsp;&nbsp; 556484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/31 | 553845 | &nbsp;&nbsp;&nbsp; 538033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 09/01/31 | 760605 | &nbsp;&nbsp;&nbsp; 730747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/11/27 | 256916 | &nbsp;&nbsp;&nbsp; 256682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 02/25/33 | 855868 | &nbsp;&nbsp;&nbsp; 837157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 08/15/38 | 694472 | &nbsp;&nbsp;&nbsp; 707631 |
|  |  | &nbsp;&nbsp;&nbsp; 5678853 |
| **Auto Manufacturers — 0.1%** | **Auto Manufacturers — 0.1%** | **Auto Manufacturers — 0.1%** |
| Hyundai Capital America |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.800%, 01/10/28 (144A) | 635000 | &nbsp;&nbsp;&nbsp; 604746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 10/15/27 (144A) | 400000 | &nbsp;&nbsp;&nbsp; 387104 |
|  |  | &nbsp;&nbsp;&nbsp; 991850 |
| **Banks — 9.9%** | **Banks — 9.9%** | **Banks — 9.9%** |
| ABN AMRO Bank NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.470%, 1Y H15 + 1.100%, 12/13/29 (144A) (a) (c) | 200000 | &nbsp;&nbsp;&nbsp; 189305 |
| AIB Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.320%, SOFR + 1.650%, 05/15/31 (144A) (c) | 1895000 | &nbsp;&nbsp;&nbsp; 1929073 |
| Banco Bilbao Vizcaya Argentaria SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.127%, 03/03/36 | 800000 | &nbsp;&nbsp;&nbsp; 778170 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| Banco Nacional de Panama |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/11/30 (144A) | 950000 | &nbsp;&nbsp;&nbsp; $842171 |
| Banco Santander SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.722%, 1Y H15 + 0.900%, 09/14/27 (c) | 200000 | &nbsp;&nbsp;&nbsp; 197448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.588%, 08/08/28 (a) | 1200000 | &nbsp;&nbsp;&nbsp; 1229188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.607%, 11/07/28 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1051009 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.898%, SOFR + 1.530%, 07/23/31 (c) | 445000 | &nbsp;&nbsp;&nbsp; 396336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.572%, SOFR + 1.210%, 10/20/32 (c) | 855000 | &nbsp;&nbsp;&nbsp; 760710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.015%, SOFR + 2.160%, 07/22/33 (c) | 1400000 | &nbsp;&nbsp;&nbsp; 1408270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.045%, SOFR + 1.130%, 02/06/37 (a) (c) | 2775000 | &nbsp;&nbsp;&nbsp; 2738086 |
| Bank of Ireland Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.029%, 1Y H15 + 1.100%, 09/30/27 (144A) (c) | 655000 | &nbsp;&nbsp;&nbsp; 646571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.601%, SOFR + 1.620%, 03/20/30 (144A) (c) | 425000 | &nbsp;&nbsp;&nbsp; 435851 |
| Bank of New York Mellon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.474%, SOFR + 1.845%, 10/25/34 (c) | 620000 | &nbsp;&nbsp;&nbsp; 677673 |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.813%, SOFR + 1.045%, 02/02/34 (c) | 615000 | &nbsp;&nbsp;&nbsp; 606268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 02/01/30 | 297000 | &nbsp;&nbsp;&nbsp; 300403 |
| Banque Federative du Credit Mutuel SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.541%, 01/15/31 (144A) (a) | 550000 | &nbsp;&nbsp;&nbsp; 542392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.790%, 07/13/28 (144A) | 855000 | &nbsp;&nbsp;&nbsp; 877269 |
| Barclays PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.894%, 1Y H15 + 1.300%, 11/24/32 (c) | 460000 | &nbsp;&nbsp;&nbsp; 410997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.942%, SOFR + 1.560%, 09/10/30 (c) | 285000 | &nbsp;&nbsp;&nbsp; 286468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.207%, SOFR + 1.506%, 02/24/37 (c) | 285000 | &nbsp;&nbsp;&nbsp; 275819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.785%, SOFR + 1.590%, 02/25/36 (a) (c) | 415000 | &nbsp;&nbsp;&nbsp; 419619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.224%, SOFR + 2.980%, 05/09/34 (c) | 200000 | &nbsp;&nbsp;&nbsp; 209740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.496%, SOFR + 1.880%, 09/13/27 (c) | 1655000 | &nbsp;&nbsp;&nbsp; 1668329 |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.132%, SOFR + 1.561%, 01/20/33 (144A) (a) (c) | 586000 | &nbsp;&nbsp;&nbsp; 526789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.176%, SOFR + 1.520%, 01/09/30 (144A) (c) | 1305000 | &nbsp;&nbsp;&nbsp; 1325104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.283%, SOFR + 1.280%, 11/19/30 (144A) (a) (c) | 1615000 | &nbsp;&nbsp;&nbsp; 1639589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.497%, SOFR + 1.590%, 05/20/30 (144A) (c) | 1279000 | &nbsp;&nbsp;&nbsp; 1309718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.786%, SOFR + 1.620%, 01/13/33 (144A) (c) | 815000 | &nbsp;&nbsp;&nbsp; 841913 |
| BPCE SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.277%, SOFR + 1.312%, 01/20/32 (144A) (c) | 415000 | &nbsp;&nbsp;&nbsp; 365835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.389%, SOFR + 1.581%, 05/28/31 (144A) (c) | 910000 | &nbsp;&nbsp;&nbsp; 922259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.936%, SOFR + 1.850%, 05/30/35 (144A) (c) | 1545000 | &nbsp;&nbsp;&nbsp; 1580284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.027%, SOFR + 1.956%, 05/28/36 (144A) (c) | 1175000 | &nbsp;&nbsp;&nbsp; 1201352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.293%, SOFR + 2.040%, 01/14/36 (144A) (c) | 685000 | &nbsp;&nbsp;&nbsp; 716948 |
| CaixaBank SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.581%, SOFR + 1.790%, 07/03/36 (144A) (c) | 1570000 | &nbsp;&nbsp;&nbsp; 1578932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.840%, SOFR + 2.770%, 09/13/34 (144A) (c) | 330000 | &nbsp;&nbsp;&nbsp; 359400 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.561%, SOFR + 1.167%, 05/01/32 (c) | 915000 | &nbsp;&nbsp;&nbsp; 818507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.057%, SOFR + 1.351%, 01/25/33 (c) | 677000 | &nbsp;&nbsp;&nbsp; 612236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 11/20/26 | 750000 | &nbsp;&nbsp;&nbsp; 750125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 09/29/27 | 1294000 | &nbsp;&nbsp;&nbsp; 1294037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.503%, SOFR + 1.171%, 09/11/31 (c) | 520000 | &nbsp;&nbsp;&nbsp; 514090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.542%, SOFR + 1.338%, 09/19/30 (c) | 988000 | &nbsp;&nbsp;&nbsp; 984572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.174%, SOFR + 1.488%, 09/11/36 (a) (c) | 485000 | &nbsp;&nbsp;&nbsp; 480777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.449%, SOFR + 1.447%, 06/11/35 (c) | 1000000 | &nbsp;&nbsp;&nbsp; 1013906 |
| Cooperatieve Rabobank UA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 07/21/26 | 513000 | &nbsp;&nbsp;&nbsp; 511878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.990%, 1Y H15 + 0.920%, 05/27/31 (144A) (c) | 850000 | &nbsp;&nbsp;&nbsp; 858189 |

---

**BHFTI-159**

------

**Brighthouse Funds Trust I**

**JPMorgan Core Bond 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)** |
| Credit Agricole SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.818%, SOFR + 1.360%, 09/25/33 (144A) (c) | 665000 | &nbsp;&nbsp;&nbsp; $651432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.222%, SOFR + 1.460%, 05/27/31 (144A) (a) (c) | 380000 | &nbsp;&nbsp;&nbsp; 384616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.230%, SOFR + 1.130%, 01/09/29 (144A) (c) | 713000 | &nbsp;&nbsp;&nbsp; 720803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.862%, SOFR + 1.740%, 01/09/36 (144A) (c) | 795000 | &nbsp;&nbsp;&nbsp; 818927 |
| Danske Bank AS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.613%, 1Y H15 + 1.100%, 10/02/30 (144A) (c) | 440000 | &nbsp;&nbsp;&nbsp; 438700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.019%, 1Y H15 + 0.930%, 03/04/31 (144A) (c) | 660000 | &nbsp;&nbsp;&nbsp; 664275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.705%, 1Y H15 + 1.400%, 03/01/30 (144A) (c) | 920000 | &nbsp;&nbsp;&nbsp; 946231 |
| Deutsche Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.311%, SOFR + 1.219%, 11/16/27 (c) | 312000 | &nbsp;&nbsp;&nbsp; 307746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.035%, SOFR + 1.718%, 05/28/32 (c) | 1600000 | &nbsp;&nbsp;&nbsp; 1448771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.469%, SOFR + 1.100%, 12/10/31 (a) (c) | 235000 | &nbsp;&nbsp;&nbsp; 231060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, SOFR + 1.300%, 08/04/31 (c) | 240000 | &nbsp;&nbsp;&nbsp; 239096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.999%, SOFR + 1.700%, 09/11/30 (a) (c) | 150000 | &nbsp;&nbsp;&nbsp; 150707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.297%, SOFR + 1.720%, 05/09/31 (c) | 2045000 | &nbsp;&nbsp;&nbsp; 2066106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.373%, SOFR + 1.210%, 01/10/29 (c) | 405000 | &nbsp;&nbsp;&nbsp; 409664 |
| DNB Bank ASA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.384%, SOFR + 1.049%, 11/04/31 (144A) (c) | 435000 | &nbsp;&nbsp;&nbsp; 428768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.853%, SOFR + 1.050%, 11/05/30 (144A) (c) | 590000 | &nbsp;&nbsp;&nbsp; 595586 |
| Fifth Third Bancorp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.141%, SOFR + 1.240%, 01/29/37 (a) (c) | 440000 | &nbsp;&nbsp;&nbsp; 428614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 03/01/38 | 200000 | &nbsp;&nbsp;&nbsp; 240435 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.948%, SOFR + 0.913%, 10/21/27 (c) | 781000 | &nbsp;&nbsp;&nbsp; 770341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.992%, SOFR + 1.090%, 01/27/32 (c) | 950000 | &nbsp;&nbsp;&nbsp; 833751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.640%, SOFR + 1.114%, 02/24/28 (c) | 920000 | &nbsp;&nbsp;&nbsp; 905175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.102%, SOFR + 1.410%, 02/24/33 (c) | 1307000 | &nbsp;&nbsp;&nbsp; 1180416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.411%, 3M TSFR + 1.692%, 04/23/39 (c) | 445000 | &nbsp;&nbsp;&nbsp; 398533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.939%, SOFR + 1.330%, 10/21/36 (c) | 600000 | &nbsp;&nbsp;&nbsp; 581049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.049%, SOFR + 1.210%, 07/23/30 (c) | 745000 | &nbsp;&nbsp;&nbsp; 753975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.065%, SOFR + 1.190%, 01/21/37 (c) | 850000 | &nbsp;&nbsp;&nbsp; 831021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.218%, SOFR + 1.580%, 04/23/31 (c) | 578000 | &nbsp;&nbsp;&nbsp; 587748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.330%, SOFR + 1.550%, 07/23/35 (c) | 1570000 | &nbsp;&nbsp;&nbsp; 1575317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.484%, SOFR + 1.770%, 10/24/29 (c) | 840000 | &nbsp;&nbsp;&nbsp; 878762 |
| HSBC Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.206%, SOFR + 1.285%, 08/17/29 (c) | 630000 | &nbsp;&nbsp;&nbsp; 596353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.357%, SOFR + 1.947%, 08/18/31 (a) (c) | 890000 | &nbsp;&nbsp;&nbsp; 802774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.240%, SOFR + 1.570%, 05/13/31 (c) | 430000 | &nbsp;&nbsp;&nbsp; 436057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.279%, SOFR + 1.550%, 03/10/37 (c) | 535000 | &nbsp;&nbsp;&nbsp; 525391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.286%, SOFR + 1.290%, 11/19/30 (c) | 525000 | &nbsp;&nbsp;&nbsp; 534529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.332%, SOFR + 2.650%, 03/09/44 (a) (c) | 370000 | &nbsp;&nbsp;&nbsp; 389981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 09/15/37 | 930000 | &nbsp;&nbsp;&nbsp; 978206 |
| Huntington Bancshares, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.272%, SOFR + 1.276%, 01/15/31 (a) (c) | 450000 | &nbsp;&nbsp;&nbsp; 456820 |
| ING Groep NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.726%, SOFR + 1.005%, 04/01/27 (c) | 285000 | &nbsp;&nbsp;&nbsp; 285000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.803%, SOFR + 1.260%, 03/23/32 (c) | 540000 | &nbsp;&nbsp;&nbsp; 536767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.420%, SOFR + 1.610%, 03/23/37 (c) | 380000 | &nbsp;&nbsp;&nbsp; 378891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.083%, SOFR + 1.560%, 09/11/27 (c) | 240000 | &nbsp;&nbsp;&nbsp; 241492 |
| KBC Group NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.454%, 1Y H15 + 0.850%, 09/23/31 (144A) (c) | 1376000 | &nbsp;&nbsp;&nbsp; 1354481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.932%, 1Y H15 + 1.070%, 10/16/30 (144A) (c) | 550000 | &nbsp;&nbsp;&nbsp; 553578 |
| KeyCorp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.789%, SOFR + 2.060%, 06/01/33 (c) | 170000 | &nbsp;&nbsp;&nbsp; 166125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.121%, SOFR + 1.227%, 04/04/31 (c) | 670000 | &nbsp;&nbsp;&nbsp; 676609 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| Lloyds Banking Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.943%, 1Y H15 + 0.970%, 11/04/36 (c) | 650000 | &nbsp;&nbsp;&nbsp; $627377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.462%, 1Y H15 + 1.375%, 01/05/28 (c) | 730000 | &nbsp;&nbsp;&nbsp; 735385 |
| Macquarie Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.052%, 5Y H15 + 1.700%, 03/03/36 (144A) (c) | 825000 | &nbsp;&nbsp;&nbsp; 743156 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.159%, 1Y H15 + 1.170%, 04/24/31 (c) | 200000 | &nbsp;&nbsp;&nbsp; 202846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.188%, 1Y H15 + 0.930%, 09/12/36 (c) | 485000 | &nbsp;&nbsp;&nbsp; 481499 |
| Mizuho Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.869%, 3M TSFR + 1.572%, 09/13/30 (c) | 539000 | &nbsp;&nbsp;&nbsp; 508198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.711%, 1Y H15 + 0.920%, 07/08/31 (c) | 830000 | &nbsp;&nbsp;&nbsp; 828628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.323%, 1Y H15 + 1.070%, 07/08/36 (c) | 1690000 | &nbsp;&nbsp;&nbsp; 1697480 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 01/27/45 | 400000 | &nbsp;&nbsp;&nbsp; 330753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.431%, 3M TSFR + 1.890%, 01/23/30 (c) | 1157000 | &nbsp;&nbsp;&nbsp; 1151791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.457%, 3M TSFR + 1.693%, 04/22/39 (c) | 850000 | &nbsp;&nbsp;&nbsp; 779229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.708%, SOFR + 1.195%, 03/12/32 (c) | 855000 | &nbsp;&nbsp;&nbsp; 849243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.042%, SOFR + 1.215%, 07/19/30 (c) | 465000 | &nbsp;&nbsp;&nbsp; 470379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.073%, SOFR + 1.184%, 01/30/37 (c) | 815000 | &nbsp;&nbsp;&nbsp; 798471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.320%, SOFR + 1.555%, 07/19/35 (c) | 625000 | &nbsp;&nbsp;&nbsp; 627168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.466%, SOFR + 1.730%, 01/18/35 (a) (c) | 448000 | &nbsp;&nbsp;&nbsp; 455403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, SOFR + 1.782%, 03/13/47 (c) | 1180000 | &nbsp;&nbsp;&nbsp; 1174525 |
| NatWest Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.892%, 05/18/29 | 290000 | &nbsp;&nbsp;&nbsp; 292027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.076%, 01/27/30 | 565000 | &nbsp;&nbsp;&nbsp; 571225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.778%, 1Y H15 + 1.500%, 03/01/35 (c) | 555000 | &nbsp;&nbsp;&nbsp; 573722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.808%, 1Y H15 + 1.950%, 09/13/29 (c) | 570000 | &nbsp;&nbsp;&nbsp; 586475 |
| PNC Financial Services Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.812%, SOFR + 1.259%, 10/21/32 (c) | 600000 | &nbsp;&nbsp;&nbsp; 598004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.068%, SOFR + 1.933%, 01/24/34 (c) | 964000 | &nbsp;&nbsp;&nbsp; 963797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.373%, SOFR + 1.417%, 07/21/36 (a) (c) | 780000 | &nbsp;&nbsp;&nbsp; 783405 |
| Royal Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, SOFR + 1.080%, 10/18/30 (c) | 950000 | &nbsp;&nbsp;&nbsp; 952225 |
| Santander Holdings USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.174%, SOFR + 2.500%, 01/09/30 (c) | 900000 | &nbsp;&nbsp;&nbsp; 929917 |
| Santander U.K. Group Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.673%, SOFR + 0.989%, 06/14/27 (c) | 680000 | &nbsp;&nbsp;&nbsp; 675820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.858%, SOFR + 1.554%, 09/11/30 (c) | 550000 | &nbsp;&nbsp;&nbsp; 551196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.694%, SOFR + 1.524%, 04/15/31 (c) | 505000 | &nbsp;&nbsp;&nbsp; 519385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.534%, SOFR + 2.600%, 01/10/29 (c) | 1300000 | &nbsp;&nbsp;&nbsp; 1341349 |
| Skandinaviska Enskilda Banken AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/03/30 (144A) | 560000 | &nbsp;&nbsp;&nbsp; 556608 |
| Societe Generale SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.792%, 1Y H15 + 1.000%, 06/09/27 (144A) (c) | 720000 | &nbsp;&nbsp;&nbsp; 716200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.889%, 1Y H15 + 1.300%, 06/09/32 (144A) (c) | 1670000 | &nbsp;&nbsp;&nbsp; 1497870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.337%, 1Y H15 + 1.600%, 01/21/33 (144A) (c) | 1000000 | &nbsp;&nbsp;&nbsp; 902650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 02/19/27 (144A) | 705000 | &nbsp;&nbsp;&nbsp; 709379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.512%, SOFR + 1.650%, 05/22/31 (144A) (c) | 1841000 | &nbsp;&nbsp;&nbsp; 1879413 |
| Standard Chartered PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.005%, 1Y H15 + 1.150%, 10/15/30 (144A) (c) | 355000 | &nbsp;&nbsp;&nbsp; 357970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.688%, 1Y H15 + 1.050%, 05/14/28 (144A) (c) | 354000 | &nbsp;&nbsp;&nbsp; 358187 |
| State Street Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.784%, SOFR + 1.215%, 10/23/36 (c) | 355000 | &nbsp;&nbsp;&nbsp; 345039 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.040%, 07/16/29 | 1020000 | &nbsp;&nbsp;&nbsp; 970217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.240%, 04/15/30 | 1000000 | &nbsp;&nbsp;&nbsp; 1020977 |

---

**BHFTI-160**

------

**Brighthouse Funds Trust I**

**JPMorgan Core Bond 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)** |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.710%, 01/13/30 | 960000 | &nbsp;&nbsp;&nbsp; $994775 |
| Toronto-Dominion Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.298%, 01/30/32 | 635000 | &nbsp;&nbsp;&nbsp; 652221 |
| Truist Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.964%, SOFR + 1.395%, 10/23/36 (a) (c) | 805000 | &nbsp;&nbsp;&nbsp; 779727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.711%, SOFR + 1.922%, 01/24/35 (a) (c) | 480000 | &nbsp;&nbsp;&nbsp; 495141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.161%, SOFR + 2.446%, 10/30/29 (c) | 814000 | &nbsp;&nbsp;&nbsp; 865147 |
| U.S. Bancorp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.083%, SOFR + 1.296%, 05/15/31 (a) (c) | 690000 | &nbsp;&nbsp;&nbsp; 699906 |
| UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.091%, SOFR + 1.730%, 05/14/32 (144A) (c) | 560000 | &nbsp;&nbsp;&nbsp; 513563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.869%, 01/12/29 (144A) | 905000 | &nbsp;&nbsp;&nbsp; 894577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.398%, SOFR + 1.060%, 09/23/31 (144A) (c) | 470000 | &nbsp;&nbsp;&nbsp; 461417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.844%, SOFR + 1.290%, 11/06/33 (144A) (a) (c) | 1115000 | &nbsp;&nbsp;&nbsp; 1096704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.010%, SOFR + 1.340%, 03/23/37 (144A) (c) | 1030000 | &nbsp;&nbsp;&nbsp; 996071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.199%, SOFR + 1.340%, 08/10/37 (144A) (c) | 445000 | &nbsp;&nbsp;&nbsp; 434651 |
| UniCredit SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.982%, 1Y H15 + 1.200%, 06/03/27 (144A) (c) | 345000 | &nbsp;&nbsp;&nbsp; 343406 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.897%, SOFR + 2.100%, 07/25/33 (c) | 377000 | &nbsp;&nbsp;&nbsp; 375072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.960%, SOFR + 1.100%, 01/23/37 (c) | 400000 | &nbsp;&nbsp;&nbsp; 389657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.198%, SOFR + 1.500%, 01/23/30 (c) | 1060000 | &nbsp;&nbsp;&nbsp; 1076616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.211%, SOFR + 1.380%, 12/03/35 (c) | 580000 | &nbsp;&nbsp;&nbsp; 577435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.389%, SOFR + 2.020%, 04/24/34 (c) | 456000 | &nbsp;&nbsp;&nbsp; 462829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.557%, SOFR + 1.990%, 07/25/34 (c) | 425000 | &nbsp;&nbsp;&nbsp; 435568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.574%, SOFR + 1.740%, 07/25/29 (c) | 387000 | &nbsp;&nbsp;&nbsp; 395890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.605%, SOFR + 1.740%, 04/23/36 (c) | 4552000 | &nbsp;&nbsp;&nbsp; 4658187 |
|  |  | &nbsp;&nbsp;&nbsp; 117177432 |
| **Beverages — 0.2%** | **Beverages — 0.2%** | **Beverages — 0.2%** |
| Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 02/01/36 | 1103000 | &nbsp;&nbsp;&nbsp; 1074292 |
| Coca-Cola Femsa SAB de CV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.850%, 09/01/32 (a) | 515000 | &nbsp;&nbsp;&nbsp; 429645 |
| Constellation Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 11/15/48 | 180000 | &nbsp;&nbsp;&nbsp; 161773 |
| Maple Parent Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 03/26/31 (144A) | 250000 | &nbsp;&nbsp;&nbsp; 248943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 03/26/36 (144A) | 193000 | &nbsp;&nbsp;&nbsp; 191763 |
|  |  | &nbsp;&nbsp;&nbsp; 2106416 |
| **Biotechnology — 0.3%** | **Biotechnology — 0.3%** | **Biotechnology — 0.3%** |
| Amgen, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.150%, 02/21/40 | 676000 | &nbsp;&nbsp;&nbsp; 525773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.663%, 06/15/51 | 347000 | &nbsp;&nbsp;&nbsp; 291122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 02/19/36 (a) | 155000 | &nbsp;&nbsp;&nbsp; 152292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 03/02/43 | 731000 | &nbsp;&nbsp;&nbsp; 720500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 03/02/53 | 865000 | &nbsp;&nbsp;&nbsp; 837789 |
| Baxalta, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 06/23/45 | 27000 | &nbsp;&nbsp;&nbsp; 25132 |
| Biogen, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 05/15/35 | 480000 | &nbsp;&nbsp;&nbsp; 496392 |
|  |  | &nbsp;&nbsp;&nbsp; 3049000 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Building Materials — 0.1%** | **Building Materials — 0.1%** | **Building Materials — 0.1%** |
| CRH America Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 05/09/27 (144A) | 214000 | &nbsp;&nbsp;&nbsp; $211922 |
| Masco Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 08/15/32 | 720000 | &nbsp;&nbsp;&nbsp; 776078 |
|  |  | &nbsp;&nbsp;&nbsp; 988000 |
| **Chemicals — 0.2%** | **Chemicals — 0.2%** | **Chemicals — 0.2%** |
| DuPont de Nemours, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.319%, 11/15/38 | 807000 | &nbsp;&nbsp;&nbsp; 795055 |
| EIDP, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 05/15/32 | 935000 | &nbsp;&nbsp;&nbsp; 948438 |
| International Flavors & Fragrances, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.300%, 11/01/30 (144A) | 725000 | &nbsp;&nbsp;&nbsp; 645893 |
| Nutrien Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 03/15/35 | 315000 | &nbsp;&nbsp;&nbsp; 288709 |
|  |  | &nbsp;&nbsp;&nbsp; 2678095 |
| **Commercial Services — 0.7%** | **Commercial Services — 0.7%** | **Commercial Services — 0.7%** |
| Element Fleet Management Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.037%, 03/25/30 (144A) | 740000 | &nbsp;&nbsp;&nbsp; 746811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.319%, 12/04/28 (144A) (a) | 610000 | &nbsp;&nbsp;&nbsp; 635593 |
| ERAC USA Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 10/15/37 (144A) | 500000 | &nbsp;&nbsp;&nbsp; 568461 |
| Ford Foundation |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.815%, 06/01/70 | 275000 | &nbsp;&nbsp;&nbsp; 153309 |
| Global Payments, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 05/15/30 | 211000 | &nbsp;&nbsp;&nbsp; 192862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 11/15/31 | 404000 | &nbsp;&nbsp;&nbsp; 354001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 08/15/29 | 1437000 | &nbsp;&nbsp;&nbsp; 1355318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 08/15/29 | 272000 | &nbsp;&nbsp;&nbsp; 273865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 11/15/35 | 1355000 | &nbsp;&nbsp;&nbsp; 1305730 |
| Pepperdine University |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.301%, 12/01/59 | 450000 | &nbsp;&nbsp;&nbsp; 284177 |
| Quanta Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.350%, 01/15/32 | 855000 | &nbsp;&nbsp;&nbsp; 744712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 10/01/30 | 1110000 | &nbsp;&nbsp;&nbsp; 1029580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 08/09/35 | 620000 | &nbsp;&nbsp;&nbsp; 611484 |
| University of Southern California |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.226%, 10/01/2120 | 440000 | &nbsp;&nbsp;&nbsp; 244021 |
|  |  | &nbsp;&nbsp;&nbsp; 8499924 |
| **Computers — 0.2%** | **Computers — 0.2%** | **Computers — 0.2%** |
| Accenture Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/04/34 | 269000 | &nbsp;&nbsp;&nbsp; 260083 |
| Apple, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.700%, 08/05/51 | 965000 | &nbsp;&nbsp;&nbsp; 591006 |
| CGI, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.300%, 09/14/31 | 1184000 | &nbsp;&nbsp;&nbsp; 1034871 |
| Leidos, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.300%, 02/15/31 | 365000 | &nbsp;&nbsp;&nbsp; 324819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/15/36 (a) | 410000 | &nbsp;&nbsp;&nbsp; 396391 |
|  |  | &nbsp;&nbsp;&nbsp; 2607170 |

---

**BHFTI-161**

------

**Brighthouse Funds Trust I**

**JPMorgan Core Bond Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Distribution/Wholesale — 0.0%** | **Distribution/Wholesale — 0.0%** | **Distribution/Wholesale — 0.0%** |
| WW Grainger, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 06/15/45 | 190000 | &nbsp;&nbsp;&nbsp; $168637 |
| **Diversified Financial Services — 1.6%** | **Diversified Financial Services — 1.6%** | **Diversified Financial Services — 1.6%** |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.450%, 10/29/26 | 990000 | &nbsp;&nbsp;&nbsp; 979095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 01/30/32 | 945000 | &nbsp;&nbsp;&nbsp; 858273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/15/33 | 230000 | &nbsp;&nbsp;&nbsp; 223551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/15/35 | 275000 | &nbsp;&nbsp;&nbsp; 265636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 01/15/27 | 990000 | &nbsp;&nbsp;&nbsp; 1000779 |
| Aircastle Ltd./Aircastle Ireland DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/15/30 (144A) | 318000 | &nbsp;&nbsp;&nbsp; 317243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/15/30 (144A) | 369000 | &nbsp;&nbsp;&nbsp; 372036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 10/01/31 (144A) | 260000 | &nbsp;&nbsp;&nbsp; 266219 |
| American Express Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.804%, SOFR + 1.237%, 10/24/36 (a) (c) | 380000 | &nbsp;&nbsp;&nbsp; 367425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.918%, SOFR + 1.220%, 07/20/33 (c) | 320000 | &nbsp;&nbsp;&nbsp; 320585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.442%, SOFR + 1.320%, 01/30/36 (c) | 635000 | &nbsp;&nbsp;&nbsp; 646401 |
| Aviation Capital Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 04/10/30 (144A) | 505000 | &nbsp;&nbsp;&nbsp; 507631 |
| Avolon Holdings Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.528%, 11/18/27 (144A) | 1218000 | &nbsp;&nbsp;&nbsp; 1176724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 02/15/27 (144A) | 1840000 | &nbsp;&nbsp;&nbsp; 1819218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 04/15/29 (144A) | 340000 | &nbsp;&nbsp;&nbsp; 333629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 04/15/26 (144A) | 885000 | &nbsp;&nbsp;&nbsp; 884949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 05/01/26 (144A) | 540000 | &nbsp;&nbsp;&nbsp; 539972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 01/30/31 (144A) | 415000 | &nbsp;&nbsp;&nbsp; 406657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 04/01/33 (144A) | 576000 | &nbsp;&nbsp;&nbsp; 551788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 01/15/28 (144A) | 543000 | &nbsp;&nbsp;&nbsp; 544787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 10/15/32 (144A) | 152000 | &nbsp;&nbsp;&nbsp; 148044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 03/01/29 (144A) (a) | 165000 | &nbsp;&nbsp;&nbsp; 168732 |
| Brookfield Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 09/20/47 | 84000 | &nbsp;&nbsp;&nbsp; 69775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 03/29/29 | 485000 | &nbsp;&nbsp;&nbsp; 487188 |
| Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.878%, SOFR + 0.855%, 11/02/27 (c) | 324000 | &nbsp;&nbsp;&nbsp; 318646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.618%, SOFR + 1.265%, 11/02/32 (c) | 735000 | &nbsp;&nbsp;&nbsp; 644654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.312%, SOFR + 2.640%, 06/08/29 (c) | 570000 | &nbsp;&nbsp;&nbsp; 589388 |
| Eagle Funding Luxco SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/17/30 (144A) | 2313000 | &nbsp;&nbsp;&nbsp; 2325143 |
| Macquarie Airfinance Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 03/17/30 (144A) | 173000 | &nbsp;&nbsp;&nbsp; 172115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 03/27/28 (144A) (a) | 329000 | &nbsp;&nbsp;&nbsp; 330186 |
| Nasdaq, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 02/15/34 | 262000 | &nbsp;&nbsp;&nbsp; 269515 |
| Nomura Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.679%, 07/16/30 | 540000 | &nbsp;&nbsp;&nbsp; 494039 |
| Synchrony Financial |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.935%, SOFR + 2.130%, 08/02/30 (c) | 353000 | &nbsp;&nbsp;&nbsp; 358664 |
|  |  | &nbsp;&nbsp;&nbsp; 18758687 |
| **Electric — 3.3%** | **Electric — 3.3%** | **Electric — 3.3%** |
| AEP Transmission Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.150%, 09/15/49 | 225000 | &nbsp;&nbsp;&nbsp; 147943 |
| AES Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 03/15/32 | 725000 | &nbsp;&nbsp;&nbsp; 729048 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Electric—(Continued)** | **Electric—(Continued)** | **Electric—(Continued)** |
| Baltimore Gas & Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 06/15/33 | 1510000 | &nbsp;&nbsp;&nbsp; $1503791 |
| Berkshire Hathaway Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 04/01/36 | 325000 | &nbsp;&nbsp;&nbsp; 346815 |
| Cleveland Electric Illuminating Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 11/15/30 (144A) | 250000 | &nbsp;&nbsp;&nbsp; 246858 |
| Constellation Energy Generation LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 10/01/41 | 1260000 | &nbsp;&nbsp;&nbsp; 1260781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 03/01/33 (a) | 174000 | &nbsp;&nbsp;&nbsp; 182237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/01/39 (a) | 160000 | &nbsp;&nbsp;&nbsp; 168480 |
| Consumers Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 08/31/64 | 191000 | &nbsp;&nbsp;&nbsp; 145718 |
| Delmarva Power & Light Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 05/15/45 | 500000 | &nbsp;&nbsp;&nbsp; 406564 |
| Dominion Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.850%, 08/15/26 (a) | 183000 | &nbsp;&nbsp;&nbsp; 181999 |
| DTE Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 10/01/37 | 300000 | &nbsp;&nbsp;&nbsp; 307786 |
| Duke Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 09/15/55 (a) | 440000 | &nbsp;&nbsp;&nbsp; 415809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 09/15/53 | 660000 | &nbsp;&nbsp;&nbsp; 661876 |
| Duke Energy Indiana LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 05/15/46 | 350000 | &nbsp;&nbsp;&nbsp; 267881 |
| Duke Energy Progress LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 08/15/51 | 470000 | &nbsp;&nbsp;&nbsp; 289524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 03/15/43 | 200000 | &nbsp;&nbsp;&nbsp; 164428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 03/30/44 | 247000 | &nbsp;&nbsp;&nbsp; 209561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 04/01/35 | 360000 | &nbsp;&nbsp;&nbsp; 369827 |
| Duquesne Light Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.532%, 10/01/30 (144A) (a) | 450000 | &nbsp;&nbsp;&nbsp; 409556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.775%, 01/07/32 (144A) | 280000 | &nbsp;&nbsp;&nbsp; 246929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.616%, 08/01/27 (144A) | 1050000 | &nbsp;&nbsp;&nbsp; 1036971 |
| Electricite de France SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 04/22/34 (144A) (a) | 580000 | &nbsp;&nbsp;&nbsp; 605962 |
| Emera U.S. Finance LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 06/15/46 | 500000 | &nbsp;&nbsp;&nbsp; 412483 |
| ENEL Finance International NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/06/28 (144A) | 465000 | &nbsp;&nbsp;&nbsp; 456026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/30/35 (144A) | 530000 | &nbsp;&nbsp;&nbsp; 513980 |
| Entergy Arkansas LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.650%, 06/15/51 | 285000 | &nbsp;&nbsp;&nbsp; 165340 |
| Entergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 09/01/26 | 194000 | &nbsp;&nbsp;&nbsp; 192872 |
| Entergy Louisiana LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 03/15/51 | 390000 | &nbsp;&nbsp;&nbsp; 239102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.050%, 06/01/31 | 195000 | &nbsp;&nbsp;&nbsp; 181419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 03/15/55 | 525000 | &nbsp;&nbsp;&nbsp; 514832 |
| Entergy Mississippi LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 06/01/54 | 320000 | &nbsp;&nbsp;&nbsp; 313849 |
| Fells Point Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.046%, 01/31/27 (144A) | 1895000 | &nbsp;&nbsp;&nbsp; 1873647 |
| FirstEnergy Pennsylvania Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 03/15/28 (144A) | 113000 | &nbsp;&nbsp;&nbsp; 110479 |
| Florida Power & Light Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 04/01/34 | 1250000 | &nbsp;&nbsp;&nbsp; 1304560 |

---

**BHFTI-162**

------

**Brighthouse Funds Trust I**

**JPMorgan Core Bond 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)** |
| Fortis, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.055%, 10/04/26 (a) | 636000 | &nbsp;&nbsp;&nbsp; $631546 |
| ITC Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 05/14/30 (144A) | 330000 | &nbsp;&nbsp;&nbsp; 308798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 07/01/43 | 360000 | &nbsp;&nbsp;&nbsp; 330808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/15/36 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 200591 |
| Jersey Central Power & Light Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 01/15/35 (a) | 220000 | &nbsp;&nbsp;&nbsp; 219905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 06/01/37 | 200000 | &nbsp;&nbsp;&nbsp; 210809 |
| Massachusetts Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.004%, 08/15/46 (144A) | 402000 | &nbsp;&nbsp;&nbsp; 307374 |
| Nevada Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 09/15/40 | 223000 | &nbsp;&nbsp;&nbsp; 218967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.650%, 04/01/36 | 360000 | &nbsp;&nbsp;&nbsp; 398861 |
| New England Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 12/05/47 (144A) | 280000 | &nbsp;&nbsp;&nbsp; 208586 |
| New York State Electric & Gas Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 12/01/26 (144A) | 434000 | &nbsp;&nbsp;&nbsp; 430781 |
| Niagara Mohawk Power Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.960%, 06/27/30 (144A) | 700000 | &nbsp;&nbsp;&nbsp; 629622 |
| Northern States Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/01/28 | 628000 | &nbsp;&nbsp;&nbsp; 650102 |
| NRG Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.450%, 12/02/27 (144A) | 625000 | &nbsp;&nbsp;&nbsp; 602041 |
| Ohio Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 10/01/51 | 635000 | &nbsp;&nbsp;&nbsp; 379794 |
| Oncor Electric Delivery Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 09/15/49 | 670000 | &nbsp;&nbsp;&nbsp; 436135 |
| Pacific Gas & Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 08/15/42 | 245000 | &nbsp;&nbsp;&nbsp; 183434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 03/15/45 | 420000 | &nbsp;&nbsp;&nbsp; 328053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 05/15/34 | 1168000 | &nbsp;&nbsp;&nbsp; 1196837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 10/01/54 | 55000 | &nbsp;&nbsp;&nbsp; 51252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/15/35 | 1665000 | &nbsp;&nbsp;&nbsp; 1720205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.400%, 06/15/33 | 755000 | &nbsp;&nbsp;&nbsp; 801291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 01/15/53 | 40000 | &nbsp;&nbsp;&nbsp; 41503 |
| PG&E Recovery Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.231%, 06/01/42 | 495000 | &nbsp;&nbsp;&nbsp; 485887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.529%, 06/01/51 | 590000 | &nbsp;&nbsp;&nbsp; 579552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.536%, 07/15/49 | 630000 | &nbsp;&nbsp;&nbsp; 622808 |
| PG&E Wildfire Recovery Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.263%, 06/01/38 | 465000 | &nbsp;&nbsp;&nbsp; 448177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.099%, 06/01/54 | 675000 | &nbsp;&nbsp;&nbsp; 623606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.212%, 12/01/49 | 360000 | &nbsp;&nbsp;&nbsp; 339265 |
| Progress Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 10/30/31 | 200000 | &nbsp;&nbsp;&nbsp; 219772 |
| Public Service Co. of Oklahoma |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 11/15/37 | 600000 | &nbsp;&nbsp;&nbsp; 649516 |
| Puget Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.379%, 06/15/28 | 853000 | &nbsp;&nbsp;&nbsp; 812999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.725%, 03/15/35 | 275000 | &nbsp;&nbsp;&nbsp; 277001 |
| San Diego Gas & Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 08/15/51 (a) | 635000 | &nbsp;&nbsp;&nbsp; 398751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 03/15/56 | 210000 | &nbsp;&nbsp;&nbsp; 210562 |
| SCE Recovery Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.697%, 06/15/42 | 571591 | &nbsp;&nbsp;&nbsp; 550846 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Electric—(Continued)** | **Electric—(Continued)** | **Electric—(Continued)** |
| SCE Recovery Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.341%, 03/15/47 | 450000 | &nbsp;&nbsp;&nbsp; $446994 |
| Sigeco Securitization I LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.026%, 11/15/38 | 530347 | &nbsp;&nbsp;&nbsp; 535973 |
| Southern California Edison Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, 03/01/28 | 500000 | &nbsp;&nbsp;&nbsp; 492074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 01/15/36 | 500000 | &nbsp;&nbsp;&nbsp; 497803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 12/01/53 | 713000 | &nbsp;&nbsp;&nbsp; 674248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 03/01/55 | 185000 | &nbsp;&nbsp;&nbsp; 176331 |
| Southern Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 06/15/33 | 712000 | &nbsp;&nbsp;&nbsp; 719134 |
| Southern Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 09/15/41 | 400000 | &nbsp;&nbsp;&nbsp; 376220 |
| Southwestern Public Service Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/15/41 | 250000 | &nbsp;&nbsp;&nbsp; 218317 |
| Tampa Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 06/15/49 | 500000 | &nbsp;&nbsp;&nbsp; 407493 |
| Toledo Edison Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 05/15/37 (a) | 400000 | &nbsp;&nbsp;&nbsp; 429629 |
| Virginia Electric & Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 02/15/44 | 126000 | &nbsp;&nbsp;&nbsp; 105719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/15/37 | 685000 | &nbsp;&nbsp;&nbsp; 720157 |
| Vistra Operations Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 12/30/34 (144A) | 230000 | &nbsp;&nbsp;&nbsp; 231383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/15/34 (144A) | 90000 | &nbsp;&nbsp;&nbsp; 92517 |
|  |  | &nbsp;&nbsp;&nbsp; 39414962 |
| **Electronics — 0.1%** | **Electronics — 0.1%** | **Electronics — 0.1%** |
| Amphenol Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 11/15/55 | 670000 | &nbsp;&nbsp;&nbsp; 629203 |
| **Food — 0.6%** | **Food — 0.6%** | **Food — 0.6%** |
| Bimbo Bakeries USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 01/09/36 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 199002 |
| &nbsp;&nbsp;&nbsp;&nbsp; JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. <br> Holdings<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 12/01/31 | 760000 | &nbsp;&nbsp;&nbsp; 709741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/15/36 | 810000 | &nbsp;&nbsp;&nbsp; 810373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 04/20/35 | 135000 | &nbsp;&nbsp;&nbsp; 140139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 04/15/66 | 905000 | &nbsp;&nbsp;&nbsp; 888042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/15/34 | 845000 | &nbsp;&nbsp;&nbsp; 929372 |
| Kraft Heinz Foods Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 10/01/49 (a) | 1095000 | &nbsp;&nbsp;&nbsp; 895472 |
| Kroger Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/15/34 (a) | 270000 | &nbsp;&nbsp;&nbsp; 266588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 09/15/29 | 610000 | &nbsp;&nbsp;&nbsp; 673958 |
| Mars, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 05/01/45 (144A) | 1055000 | &nbsp;&nbsp;&nbsp; 1041830 |
| Tyson Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 03/15/34 | 285000 | &nbsp;&nbsp;&nbsp; 295035 |
|  |  | &nbsp;&nbsp;&nbsp; 6849552 |
| **Gas — 0.4%** | **Gas — 0.4%** | **Gas — 0.4%** |
| Atmos Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 01/15/43 | 460000 | &nbsp;&nbsp;&nbsp; 386026 |

---

**BHFTI-163**

------

**Brighthouse Funds Trust I**

**JPMorgan Core Bond Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Gas—(Continued)** | **Gas—(Continued)** | **Gas—(Continued)** |
| Brooklyn Union Gas Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.273%, 03/15/48 (144A) | 500000 | &nbsp;&nbsp;&nbsp; $390189 |
| KeySpan Gas East Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.742%, 08/15/26 (144A) | 345000 | &nbsp;&nbsp;&nbsp; 342599 |
| NiSource, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.700%, 02/15/31 | 570000 | &nbsp;&nbsp;&nbsp; 495377 |
| Southern California Gas Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.550%, 02/01/30 | 829000 | &nbsp;&nbsp;&nbsp; 775898 |
| Southern Co. Gas Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 10/01/46 | 212000 | &nbsp;&nbsp;&nbsp; 161484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 06/01/43 | 375000 | &nbsp;&nbsp;&nbsp; 314323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/01/34 | 1000000 | &nbsp;&nbsp;&nbsp; 1051168 |
| Southwest Gas Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 09/29/46 | 332000 | &nbsp;&nbsp;&nbsp; 249517 |
|  |  | &nbsp;&nbsp;&nbsp; 4166581 |
| **Healthcare-Products — 0.1%** | **Healthcare-Products — 0.1%** | **Healthcare-Products — 0.1%** |
| Solventum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 03/23/34 (a) | 821000 | &nbsp;&nbsp;&nbsp; 839317 |
| Thermo Fisher Scientific, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.902%, 02/12/36 (a) | 700000 | &nbsp;&nbsp;&nbsp; 695030 |
|  |  | &nbsp;&nbsp;&nbsp; 1534347 |
| **Healthcare-Services — 1.0%** | **Healthcare-Services — 1.0%** | **Healthcare-Services — 1.0%** |
| Aetna, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 06/15/36 | 297000 | &nbsp;&nbsp;&nbsp; 320052 |
| Children's Hospital |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.928%, 07/15/50 | 540000 | &nbsp;&nbsp;&nbsp; 347444 |
| Children's Hospital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.585%, 02/01/50 | 430000 | &nbsp;&nbsp;&nbsp; 256390 |
| Cigna Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 03/15/40 | 1106000 | &nbsp;&nbsp;&nbsp; 856840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 07/15/46 | 156000 | &nbsp;&nbsp;&nbsp; 134628 |
| CommonSpirit Health |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.782%, 10/01/30 | 430000 | &nbsp;&nbsp;&nbsp; 395305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.910%, 10/01/50 | 425000 | &nbsp;&nbsp;&nbsp; 311618 |
| Cottage Health Obligated Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.304%, 11/01/49 | 500000 | &nbsp;&nbsp;&nbsp; 344720 |
| Elevance Health, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 08/15/44 | 324000 | &nbsp;&nbsp;&nbsp; 277461 |
| Hackensack Meridian Health, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.675%, 09/01/41 | 1180000 | &nbsp;&nbsp;&nbsp; 841088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 09/01/50 | 700000 | &nbsp;&nbsp;&nbsp; 436190 |
| Hartford HealthCare Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.447%, 07/01/54 | 290000 | &nbsp;&nbsp;&nbsp; 213072 |
| HCA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/15/51 | 397000 | &nbsp;&nbsp;&nbsp; 262756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 03/15/32 | 242000 | &nbsp;&nbsp;&nbsp; 224890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 11/15/35 | 160000 | &nbsp;&nbsp;&nbsp; 154690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 06/15/39 | 565000 | &nbsp;&nbsp;&nbsp; 532468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 09/15/34 (a) | 515000 | &nbsp;&nbsp;&nbsp; 519820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/15/47 | 445000 | &nbsp;&nbsp;&nbsp; 407776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 03/01/35 | 578000 | &nbsp;&nbsp;&nbsp; 594272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 09/15/54 (a) | 300000 | &nbsp;&nbsp;&nbsp; 288557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 04/01/64 | 640000 | &nbsp;&nbsp;&nbsp; 617846 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Healthcare-Services—(Continued)** | **Healthcare-Services—(Continued)** | **Healthcare-Services—(Continued)** |
| Memorial Health Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.447%, 11/01/49 | 995000 | &nbsp;&nbsp;&nbsp; $699579 |
| MyMichigan Health |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.409%, 06/01/50 | 245000 | &nbsp;&nbsp;&nbsp; 171175 |
| Nationwide Children's Hospital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.556%, 11/01/52 | 181000 | &nbsp;&nbsp;&nbsp; 154673 |
| NYU Langone Hospitals |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.380%, 07/01/55 | 410000 | &nbsp;&nbsp;&nbsp; 277767 |
| Piedmont Healthcare, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.864%, 01/01/52 | 620000 | &nbsp;&nbsp;&nbsp; 384162 |
| Texas Health Resources |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.328%, 11/15/50 | 340000 | &nbsp;&nbsp;&nbsp; 190290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.330%, 11/15/55 | 250000 | &nbsp;&nbsp;&nbsp; 205426 |
| UnitedHealth Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 05/15/51 | 900000 | &nbsp;&nbsp;&nbsp; 592883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 02/15/53 | 405000 | &nbsp;&nbsp;&nbsp; 398871 |
| Yale-New Haven Health Services Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.496%, 07/01/50 | 580000 | &nbsp;&nbsp;&nbsp; 335658 |
|  |  | &nbsp;&nbsp;&nbsp; 11748367 |
| **Insurance — 0.4%** | **Insurance — 0.4%** | **Insurance — 0.4%** |
| AIG SunAmerica Global Financing X |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.900%, 03/15/32 (144A) (a) | 500000 | &nbsp;&nbsp;&nbsp; 542183 |
| Aon North America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 03/01/34 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 1021234 |
| Berkshire Hathaway Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 03/15/52 (a) | 620000 | &nbsp;&nbsp;&nbsp; 467959 |
| Corebridge Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 04/05/29 | 390000 | &nbsp;&nbsp;&nbsp; 380731 |
| F&G Annuities & Life, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/04/29 | 635000 | &nbsp;&nbsp;&nbsp; 637653 |
| Guardian Life Insurance Co. of America |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 01/24/77 (144A) | 156000 | &nbsp;&nbsp;&nbsp; 125902 |
| Hartford Insurance Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 04/15/43 | 400000 | &nbsp;&nbsp;&nbsp; 335918 |
| New York Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 05/15/69 (144A) | 625000 | &nbsp;&nbsp;&nbsp; 472377 |
| Pacific Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 10/24/67 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 156156 |
|  |  | &nbsp;&nbsp;&nbsp; 4140113 |
| **Internet — 0.5%** | **Internet — 0.5%** | **Internet — 0.5%** |
| Alphabet, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/15/46 | 400000 | &nbsp;&nbsp;&nbsp; 396787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 02/15/56 (a) | 595000 | &nbsp;&nbsp;&nbsp; 593086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 02/15/66 | 365000 | &nbsp;&nbsp;&nbsp; 361475 |
| Amazon.com, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 03/13/36 | 1160000 | &nbsp;&nbsp;&nbsp; 1149428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 03/13/56 | 420000 | &nbsp;&nbsp;&nbsp; 419663 |
| Meta Platforms, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 11/15/35 (a) | 980000 | &nbsp;&nbsp;&nbsp; 961421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 08/15/54 | 365000 | &nbsp;&nbsp;&nbsp; 330601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/15/45 | 980000 | &nbsp;&nbsp;&nbsp; 927389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 05/15/53 | 835000 | &nbsp;&nbsp;&nbsp; 779066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 11/15/55 | 175000 | &nbsp;&nbsp;&nbsp; 164043 |

---

**BHFTI-164**

------

**Brighthouse Funds Trust I**

**JPMorgan Core Bond Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Internet—(Continued)** | **Internet—(Continued)** | **Internet—(Continued)** |
| Uber Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 09/15/34 | 370000 | &nbsp;&nbsp;&nbsp; $362233 |
|  |  | &nbsp;&nbsp;&nbsp; 6445192 |
| **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; 3.700%, 04/01/51 | 840000 | &nbsp;&nbsp;&nbsp; 519888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 03/01/50 | 935000 | &nbsp;&nbsp;&nbsp; 691299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.834%, 10/23/55 (a) | 400000 | &nbsp;&nbsp;&nbsp; 376559 |
| Comcast Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.887%, 11/01/51 | 1131000 | &nbsp;&nbsp;&nbsp; 653792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.937%, 11/01/56 | 663000 | &nbsp;&nbsp;&nbsp; 367279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.987%, 11/01/63 | 42000 | &nbsp;&nbsp;&nbsp; 22239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 03/01/38 | 591000 | &nbsp;&nbsp;&nbsp; 507554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 08/15/34 | 556000 | &nbsp;&nbsp;&nbsp; 523316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.168%, 01/15/37 (144A) | 412000 | &nbsp;&nbsp;&nbsp; 401182 |
| Cox Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 10/01/50 (144A) | 630000 | &nbsp;&nbsp;&nbsp; 339628 |
| Time Warner Cable LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/41 | 1000000 | &nbsp;&nbsp;&nbsp; 861852 |
|  |  | &nbsp;&nbsp;&nbsp; 5264588 |
| **Mining — 0.2%** | **Mining — 0.2%** | **Mining — 0.2%** |
| Anglo American Capital PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 04/05/34 (144A) | 1020000 | &nbsp;&nbsp;&nbsp; 1049862 |
| Corp. Nacional del Cobre de Chile |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.440%, 01/26/36 (144A) | 528000 | &nbsp;&nbsp;&nbsp; 556421 |
| Glencore Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.508%, 04/01/36 (144A) | 290000 | &nbsp;&nbsp;&nbsp; 290628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.634%, 04/04/34 (144A) | 610000 | &nbsp;&nbsp;&nbsp; 624318 |
|  |  | &nbsp;&nbsp;&nbsp; 2521229 |
| **Miscellaneous Manufacturing — 0.0%** | **Miscellaneous Manufacturing — 0.0%** | **Miscellaneous Manufacturing — 0.0%** |
| Parker-Hannifin Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 11/21/44 | 333000 | &nbsp;&nbsp;&nbsp; 288021 |
| **Oil & Gas — 0.7%** | **Oil & Gas — 0.7%** | **Oil & Gas — 0.7%** |
| Aker BP ASA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 10/01/54 (144A) | 185000 | &nbsp;&nbsp;&nbsp; 169085 |
| BP Capital Markets America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.939%, 06/04/51 | 1260000 | &nbsp;&nbsp;&nbsp; 794399 |
| ConocoPhillips Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/15/55 (a) | 545000 | &nbsp;&nbsp;&nbsp; 520637 |
| Coterra Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 05/15/27 | 710000 | &nbsp;&nbsp;&nbsp; 704911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 02/15/35 | 590000 | &nbsp;&nbsp;&nbsp; 591881 |
| Devon Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 09/15/54 (a) | 194000 | &nbsp;&nbsp;&nbsp; 182315 |
| EQT Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 10/01/27 | 59000 | &nbsp;&nbsp;&nbsp; 58281 |
| Exxon Mobil Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.995%, 08/16/39 | 690000 | &nbsp;&nbsp;&nbsp; 548119 |
| Jonah Energy LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.800%, 11/10/37 | 1242021 | &nbsp;&nbsp;&nbsp; 1246741 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Oil & Gas—(Continued)** | **Oil & Gas—(Continued)** | **Oil & Gas—(Continued)** |
| Pioneer Natural Resources Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.150%, 01/15/31 | 385000 | &nbsp;&nbsp;&nbsp; $346958 |
| Suncor Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 12/01/34 | 668000 | &nbsp;&nbsp;&nbsp; 699854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 06/15/26 | 544000 | &nbsp;&nbsp;&nbsp; 547591 |
| TotalEnergies Capital International SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.986%, 06/29/41 | 900000 | &nbsp;&nbsp;&nbsp; 670399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.127%, 05/29/50 | 870000 | &nbsp;&nbsp;&nbsp; 575215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.461%, 07/12/49 | 660000 | &nbsp;&nbsp;&nbsp; 466727 |
|  |  | &nbsp;&nbsp;&nbsp; 8123113 |
| **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; 5.000%, 06/15/36 | 590000 | &nbsp;&nbsp;&nbsp; 579263 |
| Halliburton Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 08/01/43 | 215000 | &nbsp;&nbsp;&nbsp; 187929 |
|  |  | &nbsp;&nbsp;&nbsp; 767192 |
| **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** |
| Amcor Flexibles North America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 03/12/36 (a) | 680000 | &nbsp;&nbsp;&nbsp; 661108 |
| Graphic Packaging International LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.512%, 04/15/26 (144A) | 894000 | &nbsp;&nbsp;&nbsp; 892713 |
|  |  | &nbsp;&nbsp;&nbsp; 1553821 |
| **Pharmaceuticals — 0.6%** | **Pharmaceuticals — 0.6%** | **Pharmaceuticals — 0.6%** |
| AbbVie, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 11/06/42 | 600000 | &nbsp;&nbsp;&nbsp; 527025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 05/14/46 (a) | 220000 | &nbsp;&nbsp;&nbsp; 188848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 03/15/36 | 790000 | &nbsp;&nbsp;&nbsp; 775084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 03/15/56 | 900000 | &nbsp;&nbsp;&nbsp; 880206 |
| AstraZeneca PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.450%, 09/15/37 | 350000 | &nbsp;&nbsp;&nbsp; 391153 |
| Bristol-Myers Squibb Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 03/15/52 (a) | 380000 | &nbsp;&nbsp;&nbsp; 273976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 06/15/39 (a) | 527000 | &nbsp;&nbsp;&nbsp; 469411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 02/20/48 | 427000 | &nbsp;&nbsp;&nbsp; 361155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 02/22/54 | 61000 | &nbsp;&nbsp;&nbsp; 58737 |
| Cencora, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 02/15/35 (a) | 1110000 | &nbsp;&nbsp;&nbsp; 1117929 |
| CVS Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 03/25/28 | 179000 | &nbsp;&nbsp;&nbsp; 178365 |
| CVS Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.704%, 01/10/36 (144A) | 516737 | &nbsp;&nbsp;&nbsp; 487628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.773%, 01/10/33 (144A) | 445424 | &nbsp;&nbsp;&nbsp; 451645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.353%, 07/10/31 (144A) | 83517 | &nbsp;&nbsp;&nbsp; 90485 |
| Novartis Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 03/18/56 | 170000 | &nbsp;&nbsp;&nbsp; 171213 |
| Takeda Pharmaceutical Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.175%, 07/09/50 | 927000 | &nbsp;&nbsp;&nbsp; 609194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 07/05/44 (a) | 228000 | &nbsp;&nbsp;&nbsp; 223860 |
|  |  | &nbsp;&nbsp;&nbsp; 7255914 |

---

**BHFTI-165**

------

**Brighthouse Funds Trust I**

**JPMorgan Core Bond Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Pipelines — 0.8%** | **Pipelines — 0.8%** | **Pipelines — 0.8%** |
| Cameron LNG LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.701%, 01/15/39 (144A) | 769000 | &nbsp;&nbsp;&nbsp; $651071 |
| Cheniere Energy Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 10/30/35 (a) | 300000 | &nbsp;&nbsp;&nbsp; 305504 |
| Columbia Pipelines Holding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.097%, 10/01/31 (144A) | 252000 | &nbsp;&nbsp;&nbsp; 253362 |
| Columbia Pipelines Operating Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.439%, 02/15/35 (144A) (a) | 1600000 | &nbsp;&nbsp;&nbsp; 1622633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.962%, 02/15/55 (144A) | 1085000 | &nbsp;&nbsp;&nbsp; 1057040 |
| Eastern Energy Gas Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 01/15/55 | 325000 | &nbsp;&nbsp;&nbsp; 329388 |
| Enbridge, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 04/05/34 | 705000 | &nbsp;&nbsp;&nbsp; 727200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 03/08/33 | 680000 | &nbsp;&nbsp;&nbsp; 704403 |
| Energy Transfer LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 09/15/29 | 308000 | &nbsp;&nbsp;&nbsp; 303898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 01/15/43 | 394000 | &nbsp;&nbsp;&nbsp; 341661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 04/01/44 | 200000 | &nbsp;&nbsp;&nbsp; 179204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/15/48 | 270000 | &nbsp;&nbsp;&nbsp; 259173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 02/15/42 | 500000 | &nbsp;&nbsp;&nbsp; 494872 |
| Enterprise Products Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 10/15/54 | 179000 | &nbsp;&nbsp;&nbsp; 156984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 02/15/45 | 200000 | &nbsp;&nbsp;&nbsp; 184787 |
| Galaxy Pipeline Assets Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.940%, 09/30/40 (144A) | 679128 | &nbsp;&nbsp;&nbsp; 549094 |
| Kinder Morgan, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 02/15/46 | 250000 | &nbsp;&nbsp;&nbsp; 222780 |
| ONEOK, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 10/15/31 | 680000 | &nbsp;&nbsp;&nbsp; 672776 |
| South Bow USA Infrastructure Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.911%, 09/01/27 | 195000 | &nbsp;&nbsp;&nbsp; 195784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.026%, 10/01/29 | 225000 | &nbsp;&nbsp;&nbsp; 226450 |
| Western Midstream Operating LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 02/01/50 (a) | 325000 | &nbsp;&nbsp;&nbsp; 274111 |
|  |  | &nbsp;&nbsp;&nbsp; 9712175 |
| **Real Estate Investment Trusts — 0.8%** | **Real Estate Investment Trusts — 0.8%** | **Real Estate Investment Trusts — 0.8%** |
| Alexandria Real Estate Equities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/18/32 | 710000 | &nbsp;&nbsp;&nbsp; 594011 |
| American Tower Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 10/15/30 | 845000 | &nbsp;&nbsp;&nbsp; 745769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.100%, 06/15/30 | 470000 | &nbsp;&nbsp;&nbsp; 422983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 01/15/51 (a) | 255000 | &nbsp;&nbsp;&nbsp; 157356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 06/15/50 (a) | 390000 | &nbsp;&nbsp;&nbsp; 250381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 10/15/26 | 287000 | &nbsp;&nbsp;&nbsp; 285323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 10/15/49 | 665000 | &nbsp;&nbsp;&nbsp; 477370 |
| Brixmor Operating Partnership LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 04/01/28 | 600000 | &nbsp;&nbsp;&nbsp; 575867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/16/31 (a) | 325000 | &nbsp;&nbsp;&nbsp; 289269 |
| COPT Defense Properties LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 04/15/31 (a) | 1153000 | &nbsp;&nbsp;&nbsp; 1043959 |
| DOC Dr. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 11/01/31 (a) | 405000 | &nbsp;&nbsp;&nbsp; 359008 |
| Equinix Europe 2 Financing Corp. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 03/15/33 | 700000 | &nbsp;&nbsp;&nbsp; 680829 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Real Estate Investment Trusts—(Continued)** | **Real Estate Investment Trusts—(Continued)** | **Real Estate Investment Trusts—(Continued)** |
| Essex Portfolio LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.650%, 03/15/32 | 565000 | &nbsp;&nbsp;&nbsp; $496720 |
| Goodman U.S. Finance Six LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 10/07/34 (144A) | 270000 | &nbsp;&nbsp;&nbsp; 268934 |
| Goodman U.S. Finance Three LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 03/15/28 (144A) | 387000 | &nbsp;&nbsp;&nbsp; 380799 |
| Healthpeak OP LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/15/29 | 600000 | &nbsp;&nbsp;&nbsp; 579848 |
| UDR, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.100%, 08/01/32 | 470000 | &nbsp;&nbsp;&nbsp; 397669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/15/31 | 95000 | &nbsp;&nbsp;&nbsp; 86963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 01/15/30 | 625000 | &nbsp;&nbsp;&nbsp; 595824 |
| Welltower OP LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/15/41 | 225000 | &nbsp;&nbsp;&nbsp; 246245 |
| WP Carey, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 04/01/33 | 845000 | &nbsp;&nbsp;&nbsp; 701092 |
|  |  | &nbsp;&nbsp;&nbsp; 9636219 |
| **Retail — 0.1%** | **Retail — 0.1%** | **Retail — 0.1%** |
| AutoZone, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.650%, 01/15/31 | 530000 | &nbsp;&nbsp;&nbsp; 460053 |
| Home Depot, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 04/15/52 | 705000 | &nbsp;&nbsp;&nbsp; 503212 |
| McDonald's Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 03/01/47 | 180000 | &nbsp;&nbsp;&nbsp; 150117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.300%, 10/15/37 | 152000 | &nbsp;&nbsp;&nbsp; 166611 |
|  |  | &nbsp;&nbsp;&nbsp; 1279993 |
| **Savings & Loans — 0.2%** | **Savings & Loans — 0.2%** | **Savings & Loans — 0.2%** |
| Nationwide Building Society |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.537%, SOFR + 1.650%, 07/14/36 (144A) (a) (c) | 1755000 | &nbsp;&nbsp;&nbsp; 1759959 |
| **Semiconductors — 0.7%** | **Semiconductors — 0.7%** | **Semiconductors — 0.7%** |
| Analog Devices, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.800%, 10/01/41 | 722000 | &nbsp;&nbsp;&nbsp; 517626 |
| Broadcom, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.137%, 11/15/35 (144A) | 1685000 | &nbsp;&nbsp;&nbsp; 1431552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.187%, 11/15/36 (144A) | 465000 | &nbsp;&nbsp;&nbsp; 388581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 02/15/36 | 177000 | &nbsp;&nbsp;&nbsp; 172564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 07/12/29 | 1400000 | &nbsp;&nbsp;&nbsp; 1428945 |
| Intel Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 11/15/49 | 410000 | &nbsp;&nbsp;&nbsp; 259037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.734%, 12/08/47 | 255000 | &nbsp;&nbsp;&nbsp; 178187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 02/10/53 (a) | 200000 | &nbsp;&nbsp;&nbsp; 184153 |
| KLA Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 03/01/50 | 610000 | &nbsp;&nbsp;&nbsp; 415475 |
| Marvell Technology, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 04/15/31 | 1085000 | &nbsp;&nbsp;&nbsp; 995740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 07/15/35 | 1367000 | &nbsp;&nbsp;&nbsp; 1389022 |
| Micron Technology, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 01/15/31 | 613000 | &nbsp;&nbsp;&nbsp; 641637 |
|  |  | &nbsp;&nbsp;&nbsp; 8002519 |
| **Software — 0.7%** | **Software — 0.7%** | **Software — 0.7%** |
| Cadence Design Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 09/10/34 (a) | 953000 | &nbsp;&nbsp;&nbsp; 935607 |

---

**BHFTI-166**

------

**Brighthouse Funds Trust I**

**JPMorgan Core Bond 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)** |
| Fidelity National Information Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 03/10/31 | 409000 | &nbsp;&nbsp;&nbsp; $405790 |
| Fiserv, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 07/01/49 | 295000 | &nbsp;&nbsp;&nbsp; 223053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 08/12/34 | 340000 | &nbsp;&nbsp;&nbsp; 330241 |
| Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 04/01/50 | 810000 | &nbsp;&nbsp;&nbsp; 489020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 11/15/37 | 900000 | &nbsp;&nbsp;&nbsp; 714729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 07/15/36 | 124000 | &nbsp;&nbsp;&nbsp; 102746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 05/15/35 | 106000 | &nbsp;&nbsp;&nbsp; 89742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 03/25/51 (a) | 195000 | &nbsp;&nbsp;&nbsp; 123563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 07/08/34 | 103000 | &nbsp;&nbsp;&nbsp; 91336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 09/26/32 | 565000 | &nbsp;&nbsp;&nbsp; 538077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 02/06/33 | 820000 | &nbsp;&nbsp;&nbsp; 777105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 02/04/36 (a) | 455000 | &nbsp;&nbsp;&nbsp; 437477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 09/26/45 (a) | 430000 | &nbsp;&nbsp;&nbsp; 370979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.550%, 02/04/46 | 125000 | &nbsp;&nbsp;&nbsp; 116619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 02/04/56 | 705000 | &nbsp;&nbsp;&nbsp; 654313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.850%, 02/04/66 | 300000 | &nbsp;&nbsp;&nbsp; 275797 |
| Roper Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/15/32 (a) | 380000 | &nbsp;&nbsp;&nbsp; 375499 |
| Synopsys, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 04/01/55 (a) | 645000 | &nbsp;&nbsp;&nbsp; 616673 |
|  |  | &nbsp;&nbsp;&nbsp; 7668366 |
| **Telecommunications — 0.3%** | **Telecommunications — 0.3%** | **Telecommunications — 0.3%** |
| AT&T, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.550%, 09/15/55 | 396000 | &nbsp;&nbsp;&nbsp; 257543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, 06/01/51 | 2795000 | &nbsp;&nbsp;&nbsp; 1918862 |
| Orange SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/13/36 (144A) (a) | 1180000 | &nbsp;&nbsp;&nbsp; 1159029 |
| T-Mobile USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 11/15/60 | 385000 | &nbsp;&nbsp;&nbsp; 249879 |
| Vodafone Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 02/10/53 | 275000 | &nbsp;&nbsp;&nbsp; 256803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 02/27/37 | 178000 | &nbsp;&nbsp;&nbsp; 190568 |
|  |  | &nbsp;&nbsp;&nbsp; 4032684 |
| **Transportation — 0.1%** | **Transportation — 0.1%** | **Transportation — 0.1%** |
| Canadian Pacific Railway Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 05/01/48 | 597000 | &nbsp;&nbsp;&nbsp; 517992 |
| CSX Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 11/15/48 | 404000 | &nbsp;&nbsp;&nbsp; 350992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/01/36 | 300000 | &nbsp;&nbsp;&nbsp; 321115 |
| Norfolk Southern Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.942%, 11/01/47 | 219000 | &nbsp;&nbsp;&nbsp; 167352 |
| Union Pacific Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 09/15/67 | 200000 | &nbsp;&nbsp;&nbsp; 144580 |
|  |  | &nbsp;&nbsp;&nbsp; 1502031 |
| **Trucking & Leasing — 0.0%** | **Trucking & Leasing — 0.0%** | **Trucking & Leasing — 0.0%** |
| Avolon Holdings Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 10/10/30 (144A) | 240000 | &nbsp;&nbsp;&nbsp; 238328 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Water — 0.1%** | **Water — 0.1%** | **Water — 0.1%** |
| American Water Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.800%, 05/01/30 (a) | 750000 | &nbsp;&nbsp;&nbsp; $704056 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $336,845,243) <br>|  | &nbsp;&nbsp;&nbsp; 317092522 |
| **Asset-Backed Securities—11.0%** | **Asset-Backed Securities—11.0%** | **Asset-Backed Securities—11.0%** |
| **Asset-Backed - Automobile — 3.5%** | **Asset-Backed - Automobile — 3.5%** | **Asset-Backed - Automobile — 3.5%** |
| Avis Budget Rental Car Funding AESOP LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.360%, 06/20/30 (144A) | 1608000 | &nbsp;&nbsp;&nbsp; 1643325 |
| Bridgecrest Lending Auto Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 04/16/29 | 1441000 | &nbsp;&nbsp;&nbsp; 1450945 |
| Carvana Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.920%, 07/10/29 (144A) | 1297614 | &nbsp;&nbsp;&nbsp; 1302018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.160%, 09/10/29 (144A) | 1430000 | &nbsp;&nbsp;&nbsp; 1467933 |
| Credit Acceptance Auto Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.870%, 01/15/36 (144A) | 1415000 | &nbsp;&nbsp;&nbsp; 1417574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.390%, 01/16/35 (144A) | 2720000 | &nbsp;&nbsp;&nbsp; 2737281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.130%, 12/15/33 (144A) | 1627628 | &nbsp;&nbsp;&nbsp; 1634312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.390%, 08/15/33 (144A) | 472325 | &nbsp;&nbsp;&nbsp; 473364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.710%, 07/17/34 (144A) | 2370000 | &nbsp;&nbsp;&nbsp; 2413894 |
| DT Auto Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.790%, 02/15/29 (144A) | 926297 | &nbsp;&nbsp;&nbsp; 928461 |
| Exeter Automobile Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.160%, 03/15/32 | 900000 | &nbsp;&nbsp;&nbsp; 893182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.920%, 02/15/30 | 2540000 | &nbsp;&nbsp;&nbsp; 2576820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.980%, 12/15/28 | 1688782 | &nbsp;&nbsp;&nbsp; 1697958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.210%, 06/15/28 | 448249 | &nbsp;&nbsp;&nbsp; 449486 |
| FHF Issuer Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.690%, 02/15/30 (144A) | 1129503 | &nbsp;&nbsp;&nbsp; 1136122 |
| Flagship Credit Auto Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.960%, 12/15/27 (144A) | 512964 | &nbsp;&nbsp;&nbsp; 512012 |
| GLS Auto Receivables Issuer Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.480%, 07/15/27 (144A) | 350190 | &nbsp;&nbsp;&nbsp; 349773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.130%, 08/15/31 (144A) | 2500000 | &nbsp;&nbsp;&nbsp; 2487981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.010%, 05/15/29 (144A) | 1060286 | &nbsp;&nbsp;&nbsp; 1065884 |
| Hyundai Auto Lease Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.380%, 06/15/29 (144A) | 1515000 | &nbsp;&nbsp;&nbsp; 1519191 |
| OneMain Direct Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.070%, 02/14/33 (144A) | 1838000 | &nbsp;&nbsp;&nbsp; 1886912 |
| Santander Drive Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.690%, 02/18/31 | 3400000 | &nbsp;&nbsp;&nbsp; 3430213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.970%, 10/15/31 | 3040000 | &nbsp;&nbsp;&nbsp; 3112243 |
| SBNA Auto Lease Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 12/20/28 (144A) | 1469000 | &nbsp;&nbsp;&nbsp; 1478686 |
| Westlake Automobile Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.740%, 08/15/28 (144A) | 1043956 | &nbsp;&nbsp;&nbsp; 1046947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.640%, 11/15/28 (144A) | 1620000 | &nbsp;&nbsp;&nbsp; 1636831 |
|  |  | &nbsp;&nbsp;&nbsp; 40749348 |
| **Asset-Backed - Credit Card — 0.4%** | **Asset-Backed - Credit Card — 0.4%** | **Asset-Backed - Credit Card — 0.4%** |
| Continental Finance Credit Card ABS Master Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 12/17/35 (144A) | 2375000 | &nbsp;&nbsp;&nbsp; 2359995 |

---

**BHFTI-167**

------

**Brighthouse Funds Trust I**

**JPMorgan Core Bond 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 - Credit Card—(Continued)** | **Asset-Backed - Credit Card—(Continued)** | **Asset-Backed - Credit Card—(Continued)** |
| Mercury Financial Credit Card Master Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.560%, 07/20/29 (144A) | 2455000 | &nbsp;&nbsp;&nbsp; $2459017 |
|  |  | &nbsp;&nbsp;&nbsp; 4819012 |
| **Asset-Backed - Other — 7.1%** | **Asset-Backed - Other — 7.1%** | **Asset-Backed - Other — 7.1%** |
| Accelerated Assets LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.900%, 10/20/40 (144A) | 444391 | &nbsp;&nbsp;&nbsp; 415955 |
| AMSR Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.327%, 10/17/38 (144A) | 1694000 | &nbsp;&nbsp;&nbsp; 1663311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.775%, 04/17/31 | 2000000 | &nbsp;&nbsp;&nbsp; 1840509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.387%, 03/17/39 (144A) | 3000000 | &nbsp;&nbsp;&nbsp; 2958830 |
| Bastion Funding I LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.119%, 04/25/38 (144A) | 1009416 | &nbsp;&nbsp;&nbsp; 1015629 |
| BG Beta I Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.280%, 07/16/54 | 1552000 | &nbsp;&nbsp;&nbsp; 1566517 |
| BXG Receivables Note Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.310%, 11/15/38 (144A) | 802724 | &nbsp;&nbsp;&nbsp; 814506 |
| Cars Net Lease Mortgage Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 12/15/50 (144A) | 584250 | &nbsp;&nbsp;&nbsp; 558534 |
| CFIN Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/16/26 (144A) (e) | 311095 | &nbsp;&nbsp;&nbsp; 309710 |
| COOF Securitization Trust Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.888%, 06/25/40 (144A) (b) (c) | 146160 | &nbsp;&nbsp;&nbsp; 9372 |
| CoreVest American Finance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.705%, 10/15/52 (144A) | 79667 | &nbsp;&nbsp;&nbsp; 79519 |
| Diversified ABS Phase VI LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 11/28/39 | 873825 | &nbsp;&nbsp;&nbsp; 865086 |
| Diversified ABS Phase VIII LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.076%, 05/30/44 (144A) | 2306170 | &nbsp;&nbsp;&nbsp; 2322472 |
| DP Lion Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.243%, 11/30/43 | 797410 | &nbsp;&nbsp;&nbsp; 816361 |
| FirstKey Homes Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.197%, 05/19/39 (144A) | 1320000 | &nbsp;&nbsp;&nbsp; 1311065 |
| FMC GMSR Issuer Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.620%, 07/25/26 (144A) (c) | 3300000 | &nbsp;&nbsp;&nbsp; 3166365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 10/25/26 (144A) (c) | 2680000 | &nbsp;&nbsp;&nbsp; 2577348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 01/25/26 (144A) (c) | 3100000 | &nbsp;&nbsp;&nbsp; 3063124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/26/27 (144A) (c) | 3375000 | &nbsp;&nbsp;&nbsp; 3353687 |
| Foundation Finance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.100%, 06/15/49 (144A) | 1602736 | &nbsp;&nbsp;&nbsp; 1705619 |
| FW Energy Asset Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.151%, 08/25/44 | 1777675 | &nbsp;&nbsp;&nbsp; 1808664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.106%, 08/25/44 | 552330 | &nbsp;&nbsp;&nbsp; 559134 |
| Goodgreen Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.760%, 04/15/55 (144A) | 731216 | &nbsp;&nbsp;&nbsp; 638876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.260%, 10/15/53 (144A) | 786621 | &nbsp;&nbsp;&nbsp; 714662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.740%, 10/15/52 (144A) | 162982 | &nbsp;&nbsp;&nbsp; 151266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 01/17/61 (144A) | 1463109 | &nbsp;&nbsp;&nbsp; 1454834 |
| GoodLeap Home Improvement Solutions Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/20/49 (144A) | 1739101 | &nbsp;&nbsp;&nbsp; 1731364 |
| Grene Energy Senior |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.000%, 01/25/27 | 122337 | &nbsp;&nbsp;&nbsp; 97674 |
| HERO Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.080%, 09/20/42 (144A) | 123223 | &nbsp;&nbsp;&nbsp; 114177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 09/20/48 (144A) | 500406 | &nbsp;&nbsp;&nbsp; 466931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.460%, 09/20/47 (144A) | 422030 | &nbsp;&nbsp;&nbsp; 401466 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| Hilton Grand Vacations Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 10/25/44 (144A) | 1381093 | &nbsp;&nbsp;&nbsp; $1371100 |
| Identity Digital Cap LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.793%, 03/20/65 | 2500000 | &nbsp;&nbsp;&nbsp; 2507000 |
| Invitation Homes Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 09/17/41 (144A) | 1845000 | &nbsp;&nbsp;&nbsp; 1777921 |
| Jonah Energy ABS II LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.200%, 12/10/37 (144A) | 686442 | &nbsp;&nbsp;&nbsp; 692828 |
| KGS-Alpha SBA COOF Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.588%, 05/25/39 (144A) (b) (c) | 613777 | &nbsp;&nbsp;&nbsp; 6229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.910%, 08/25/38 (144A) (b) (c) | 434994 | &nbsp;&nbsp;&nbsp; 6849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.669%, 03/25/39 (144A) (b) (c) | 404247 | &nbsp;&nbsp;&nbsp; 10071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.172%, 04/25/40 (144A) (b) (c) | 70514 | &nbsp;&nbsp;&nbsp; 3465 |
| MNR ABS Issuer I LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.946%, 12/15/38 | 1025903 | &nbsp;&nbsp;&nbsp; 1046726 |
| NMABS Issuer I LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.140%, 11/22/55 (144A) | 2153204 | &nbsp;&nbsp;&nbsp; 2108459 |
| NRZ Excess Spread-Collateralized Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.104%, 07/25/26 (144A) | 1392431 | &nbsp;&nbsp;&nbsp; 1381365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.474%, 11/25/26 (144A) | 653168 | &nbsp;&nbsp;&nbsp; 644306 |
| OneMain Financial Issuance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.210%, 09/14/35 (144A) | 2145000 | &nbsp;&nbsp;&nbsp; 2077445 |
| Oportun Issuance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.060%, 01/09/34 (144A) | 2162000 | &nbsp;&nbsp;&nbsp; 2156627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.310%, 02/08/33 (144A) | 2790000 | &nbsp;&nbsp;&nbsp; 2788342 |
| PowerPay Issuance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.230%, 11/18/41 (144A) | 1746498 | &nbsp;&nbsp;&nbsp; 1741711 |
| Progress Residential Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.425%, 07/17/38 (144A) | 2535000 | &nbsp;&nbsp;&nbsp; 2515144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.325%, 07/17/41 (144A) | 1229000 | &nbsp;&nbsp;&nbsp; 1159829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.930%, 02/17/41 (144A) | 3150000 | &nbsp;&nbsp;&nbsp; 3036600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/17/42 (144A) | 925000 | &nbsp;&nbsp;&nbsp; 873224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 04/17/39 (144A) | 2435000 | &nbsp;&nbsp;&nbsp; 2422489 |
| Purchasing Power Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.810%, 08/15/30 (144A) | 2181000 | &nbsp;&nbsp;&nbsp; 2169528 |
| Reach ABS Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.120%, 08/18/32 (144A) | 1405000 | &nbsp;&nbsp;&nbsp; 1407102 |
| Renew Financial |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.670%, 09/20/52 (144A) | 218345 | &nbsp;&nbsp;&nbsp; 203595 |
| SCF Equipment Leasing LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.560%, 04/20/32 (144A) | 1290000 | &nbsp;&nbsp;&nbsp; 1325397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.770%, 08/22/33 (144A) | 2385000 | &nbsp;&nbsp;&nbsp; 2462719 |
| Stream Innovations Issuer Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.780%, 08/15/46 (144A) | 3050000 | &nbsp;&nbsp;&nbsp; 3025851 |
| VM Debt Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.460%, 07/18/27 | 3998352 | &nbsp;&nbsp;&nbsp; 3823680 |
| VOLT C LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.992%, 05/25/51 (144A) (e) | 289891 | &nbsp;&nbsp;&nbsp; 289863 |
| VOLT XCV LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.240%, 03/27/51 (144A) (e) | 35853 | &nbsp;&nbsp;&nbsp; 35854 |
|  |  | &nbsp;&nbsp;&nbsp; 83623886 |

---

**BHFTI-168**

------

**Brighthouse Funds Trust I**

**JPMorgan Core Bond 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 - Student Loan — 0.0%** | **Asset-Backed - Student Loan — 0.0%** | **Asset-Backed - Student Loan — 0.0%** |
| Academic Loan Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.576%, SOFR30A + 0.914%, 12/26/44 (144A) (c) | 275978 | &nbsp;&nbsp;&nbsp; $271441 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities <br>(Cost $129,391,048) <br>|  | &nbsp;&nbsp;&nbsp; 129463687 |
| **Non-Agency Mortgage-Backed Securities—2.3%** | **Non-Agency Mortgage-Backed Securities—2.3%** | **Non-Agency Mortgage-Backed Securities—2.3%** |
| **Collateralized Mortgage Obligations — 1.4%** | **Collateralized Mortgage Obligations — 1.4%** | **Collateralized Mortgage Obligations — 1.4%** |
| Anchor Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.718%, 05/25/40 (144A) (e) | 1300000 | &nbsp;&nbsp;&nbsp; 1298485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.230%, 03/25/31 (c) | 2000000 | &nbsp;&nbsp;&nbsp; 2005578 |
| Center Street Lending Resi-Investor ABS Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 12/25/30 (144A) (e) | 1277000 | &nbsp;&nbsp;&nbsp; 1274297 |
| Global Mortgage Securitization Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.113%, 1M TSFR + 0.434%, 11/25/32 (144A) (c) | 21360 | &nbsp;&nbsp;&nbsp; 21115 |
| HarborView Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.320%, 05/19/34 (c) | 188945 | &nbsp;&nbsp;&nbsp; 179743 |
| JP Morgan Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.447%, 08/25/34 (c) | 23512 | &nbsp;&nbsp;&nbsp; 23984 |
| Merrill Lynch Mortgage Investors Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.253%, 1M TSFR + 0.574%, 04/25/29 (c) | 53379 | &nbsp;&nbsp;&nbsp; 49729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.293%, 1M TSFR + 0.614%, 05/25/29 (c) | 94529 | &nbsp;&nbsp;&nbsp; 92891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.413%, 1M TSFR + 0.734%, 10/25/28 (c) | 46570 | &nbsp;&nbsp;&nbsp; 43829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.433%, 1M TSFR + 0.754%, 10/25/28 (c) | 30445 | &nbsp;&nbsp;&nbsp; 30004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.884%, 6M TSFR + 1.108%, 01/25/29 (c) | 52458 | &nbsp;&nbsp;&nbsp; 51246 |
| New Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.443%, 09/25/39 (144A) (e) | 1900000 | &nbsp;&nbsp;&nbsp; 1910000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.664%, 03/25/39 (144A) (e) | 2450000 | &nbsp;&nbsp;&nbsp; 2452042 |
| PRET Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.075%, 06/25/64 (144A) (c) | 1836189 | &nbsp;&nbsp;&nbsp; 1732796 |
| PRPM LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/25/53 (144A) (e) | 557836 | &nbsp;&nbsp;&nbsp; 549935 |
| Sequoia Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.390%, 1M TSFR + 0.714%, 12/20/34 (c) | 106374 | &nbsp;&nbsp;&nbsp; 98711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.430%, 1M TSFR + 0.754%, 01/20/34 (c) | 68361 | &nbsp;&nbsp;&nbsp; 66932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 1M TSFR + 0.774%, 07/20/33 (c) | 123186 | &nbsp;&nbsp;&nbsp; 115551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.470%, 1M TSFR + 0.794%, 10/20/34 (c) | 243076 | &nbsp;&nbsp;&nbsp; 224231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 1M TSFR + 0.874%, 04/20/33 (c) | 93685 | &nbsp;&nbsp;&nbsp; 87863 |
| Structured Asset Mortgage Investments II Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.491%, 1M TSFR + 0.814%, 01/19/34 (c) | 214385 | &nbsp;&nbsp;&nbsp; 206825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.491%, 1M TSFR + 0.814%, 03/19/34 (c) | 230312 | &nbsp;&nbsp;&nbsp; 218767 |
| Structured Asset Mortgage Investments Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.691%, 1M TSFR + 1.014%, 05/19/33 (c) | 134925 | &nbsp;&nbsp;&nbsp; 131838 |
| &nbsp;&nbsp;&nbsp;&nbsp; Structured Asset Securities Corp. Mortgage Pass-Through <br> Certificates<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.253%, 11/25/33 (c) | 63939 | &nbsp;&nbsp;&nbsp; 63750 |
| Thornburg Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.433%, 1M TSFR + 0.754%, 09/25/43 (c) | 111623 | &nbsp;&nbsp;&nbsp; 110053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.266%, 04/25/45 (c) | 265411 | &nbsp;&nbsp;&nbsp; 261833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.288%, 12/25/44 (c) | 132405 | &nbsp;&nbsp;&nbsp; 131557 |
| Towd Point Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.918%, 11/30/60 (144A) (c) | 3887487 | &nbsp;&nbsp;&nbsp; 3497120 |
|  |  | &nbsp;&nbsp;&nbsp; 16930705 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Mortgage-Backed Securities — 0.9%** | **Commercial Mortgage-Backed Securities — 0.9%** | **Commercial Mortgage-Backed Securities — 0.9%** |
| BAMLL Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.214%, 08/15/46 (144A) (c) | 1200000 | &nbsp;&nbsp;&nbsp; $829730 |
| COMM Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.212%, 07/10/45 (144A) (b) (c) | 19434636 | &nbsp;&nbsp;&nbsp; 118357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.815%, 04/10/33 (144A) (c) | 1450000 | &nbsp;&nbsp;&nbsp; 1417640 |
| CSMC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.373%, 09/15/37 (144A) | 1000000 | &nbsp;&nbsp;&nbsp; 825620 |
| CSTL Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.144%, 11/10/42 (144A) (c) | 615000 | &nbsp;&nbsp;&nbsp; 603325 |
| Ladder Capital Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.985%, 02/15/36 (144A) | 768000 | &nbsp;&nbsp;&nbsp; 717663 |
| MRCD Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.718%, 12/15/36 (144A) | 1997000 | &nbsp;&nbsp;&nbsp; 1462802 |
| ROCK Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.388%, 11/13/41 (144A) | 1000000 | &nbsp;&nbsp;&nbsp; 1016588 |
| SLG Office Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.585%, 07/15/41 (144A) | 3090000 | &nbsp;&nbsp;&nbsp; 2748115 |
| WFRBS Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.296%, 03/15/45 (144A) (c) | 273994 | &nbsp;&nbsp;&nbsp; 246586 |
|  |  | &nbsp;&nbsp;&nbsp; 9986426 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Non-Agency Mortgage-Backed Securities <br>(Cost $28,970,982) <br>|  | &nbsp;&nbsp;&nbsp; 26917131 |
| **Foreign Government—0.7%** | **Foreign Government—0.7%** | **Foreign Government—0.7%** |
| **Sovereign — 0.7%** | **Sovereign — 0.7%** | **Sovereign — 0.7%** |
| Chile Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.550%, 01/27/32 | 394000 | &nbsp;&nbsp;&nbsp; 348477 |
| Mexico Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.659%, 05/24/31 | 848000 | &nbsp;&nbsp;&nbsp; 748487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/12/34 | 577000 | &nbsp;&nbsp;&nbsp; 491315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.771%, 05/24/61 | 625000 | &nbsp;&nbsp;&nbsp; 372969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 01/15/47 | 228000 | &nbsp;&nbsp;&nbsp; 166554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 01/23/46 | 959000 | &nbsp;&nbsp;&nbsp; 733779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 02/10/48 | 200000 | &nbsp;&nbsp;&nbsp; 150270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 03/22/33 | 2368000 | &nbsp;&nbsp;&nbsp; 2312352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 10/12/2110 | 500000 | &nbsp;&nbsp;&nbsp; 405925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 07/02/32 | 1051000 | &nbsp;&nbsp;&nbsp; 1054784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/13/30 | 498000 | &nbsp;&nbsp;&nbsp; 514185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 05/13/37 (a) | 740000 | &nbsp;&nbsp;&nbsp; 775150 |
| Panama Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.227%, 02/23/34 | 516000 | &nbsp;&nbsp;&nbsp; 497424 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Foreign Government <br>(Cost $9,618,387) <br>|  | &nbsp;&nbsp;&nbsp; 8571671 |
| **Municipals—0.0%** | **Municipals—0.0%** | **Municipals—0.0%** |
| Texas Natural Gas Securitization Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.169%, 04/01/41 <br>(Cost $720,000)<br>| 720000 | &nbsp;&nbsp;&nbsp; 729203 |

---

**BHFTI-169**

------

**Brighthouse Funds Trust I**

**JPMorgan Core Bond 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>|
| **Repurchase Agreement—0.1%** | **Repurchase Agreement—0.1%** | **Repurchase Agreement—0.1%** |
| 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 $702,341; collateralized <br> by U.S. Treasury Note at 3.750%, maturing 08/15/27, with <br> a market value of $716,397<br>| 702292 | &nbsp;&nbsp;&nbsp; $702292 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $702,292) <br>|  | &nbsp;&nbsp;&nbsp; 702292 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (f)—0.5%** | **Securities Lending Reinvestments (f)—0.5%** | **Securities Lending Reinvestments (f)—0.5%** |
| **Short-Term Investment Funds—0.4%** | **Short-Term Investment Funds—0.4%** | **Short-Term Investment Funds—0.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund, <br>Select Class 3.600% (g)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (g)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Government Portfolio, <br>Class I 3.530% (g)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &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>| 500000 | &nbsp;&nbsp;&nbsp; 500000 |
|  |  | &nbsp;&nbsp;&nbsp; 4500000 |

---

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

---

| | | |
|:---|:---|:---|
| **Repurchase Agreements—0.1%** | **Repurchase Agreements—0.1%** | **Repurchase Agreements—0.1%** |
| 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 $1,000,102; 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 $1,020,000<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| 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 $832,199; collateralized <br> by 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 $848,757<br>| 832115 | &nbsp;&nbsp;&nbsp; 832115 |
| 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 $100,010; collateralized <br> by various Common Stock with an aggregate market value of <br> $111,463<br>| 100000 | &nbsp;&nbsp;&nbsp; $100000 |
|  |  | &nbsp;&nbsp;&nbsp; 1982115 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $6,482,115) <br>|  | &nbsp;&nbsp;&nbsp; 6482115 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—100.1% <br>(Cost $1,258,680,817) <br>|  | &nbsp;&nbsp;&nbsp; 1181180114 |
| Other assets and liabilities (net)—(0.1)%  |  | &nbsp;&nbsp;&nbsp; (774001)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1180406113 |

---

&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 $93,689,144 and the collateral received consisted of cash in the amount of $6,482,115 and non-cash collateral with a value of $89,672,672. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. 

(b) Interest only security.

(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 mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. 

(d) Principal only security.

(e) Security is a "step up" bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate. 

(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.

(144A) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of March 31, 2026, the market value of 144A securities was $213,851,630, which is 18.1% of net assets. 

**BHFTI-170**

------

**Brighthouse Funds Trust I**

**JPMorgan Core Bond 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 U.S. Treasury & Government Agencies\* | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $350424585 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $350424585 |
| Total Agency Sponsored Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 340796908 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 340796908 |
| Total Corporate Bonds & Notes\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 317092522 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 317092522 |
| Total Asset-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 129463687 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 129463687 |
| Total Non-Agency Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26917131 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26917131 |
| Total Foreign Government\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8571671 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8571671 |
| Total Municipals\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 729203 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 729203 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 702292 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 702292 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 4500000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4500000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1982115 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1982115 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 4500000 | &nbsp;&nbsp;&nbsp; 1982115 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6482115 |
| Total Investments | &nbsp;&nbsp;&nbsp; $4500000 | &nbsp;&nbsp;&nbsp; $1176680114 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1181180114 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(6482115)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(6482115)<br>|

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-171**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

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

**Common Stocks—42.5% 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 — 0.9%** | **Aerospace & Defense — 0.9%** | **Aerospace & Defense — 0.9%** |
| BAE Systems PLC | 74205 | &nbsp;&nbsp;&nbsp; $2160033 |
| BWX Technologies, Inc.  | 3450 | &nbsp;&nbsp;&nbsp; 705490 |
| General Dynamics Corp.  | 2617 | &nbsp;&nbsp;&nbsp; 898207 |
| Howmet Aerospace, Inc.  | 3016 | &nbsp;&nbsp;&nbsp; 695067 |
| RTX Corp.  | 7795 | &nbsp;&nbsp;&nbsp; 1503655 |
| Safran SA | 17489 | &nbsp;&nbsp;&nbsp; 5719656 |
|  |  | &nbsp;&nbsp;&nbsp; 11682108 |
| **Air Freight & Logistics — 0.1%** | **Air Freight & Logistics — 0.1%** | **Air Freight & Logistics — 0.1%** |
| FedEx Corp.  | 2263 | &nbsp;&nbsp;&nbsp; 806035 |
| **Automobile Components — 0.2%** | **Automobile Components — 0.2%** | **Automobile Components — 0.2%** |
| Continental AG | 9348 | &nbsp;&nbsp;&nbsp; 642612 |
| Fuyao Glass Industry Group Co. Ltd. - Class A | 117867 | &nbsp;&nbsp;&nbsp; 977393 |
| Sumitomo Electric Industries Ltd.  | 29700 | &nbsp;&nbsp;&nbsp; 1663057 |
|  |  | &nbsp;&nbsp;&nbsp; 3283062 |
| **Automobiles — 0.8%** | **Automobiles — 0.8%** | **Automobiles — 0.8%** |
| Ferrari NV | 2067 | &nbsp;&nbsp;&nbsp; 696725 |
| Kia Corp.  | 11917 | &nbsp;&nbsp;&nbsp; 1147042 |
| Suzuki Motor Corp.  | 93000 | &nbsp;&nbsp;&nbsp; 1114230 |
| Tesla, Inc. (a) | 13292 | &nbsp;&nbsp;&nbsp; 4941301 |
| Toyota Motor Corp.  | 157000 | &nbsp;&nbsp;&nbsp; 3254499 |
|  |  | &nbsp;&nbsp;&nbsp; 11153797 |
| **Banks — 3.7%** | **Banks — 3.7%** | **Banks — 3.7%** |
| Abu Dhabi Islamic Bank PJSC | 9955 | &nbsp;&nbsp;&nbsp; 56310 |
| Al Rajhi Bank | 32429 | &nbsp;&nbsp;&nbsp; 923526 |
| Banco Bilbao Vizcaya Argentaria SA | 81604 | &nbsp;&nbsp;&nbsp; 1781115 |
| Banco Santander SA | 215339 | &nbsp;&nbsp;&nbsp; 2436630 |
| Bank Central Asia Tbk. PT | 2511300 | &nbsp;&nbsp;&nbsp; 960789 |
| Bank of America Corp.  | 68627 | &nbsp;&nbsp;&nbsp; 3345566 |
| Bank Rakyat Indonesia Persero Tbk. PT | 3796914 | &nbsp;&nbsp;&nbsp; 748264 |
| Capitec Bank Holdings Ltd.  | 6667 | &nbsp;&nbsp;&nbsp; 1636821 |
| Commonwealth Bank of Australia | 7759 | &nbsp;&nbsp;&nbsp; 906306 |
| Credicorp Ltd.  | 3722 | &nbsp;&nbsp;&nbsp; 1262428 |
| DBS Group Holdings Ltd.  | 123670 | &nbsp;&nbsp;&nbsp; 5495071 |
| Erste Group Bank AG | 11302 | &nbsp;&nbsp;&nbsp; 1221246 |
| Fifth Third Bancorp | 11569 | &nbsp;&nbsp;&nbsp; 537496 |
| First Citizens BancShares, Inc. - Class A | 250 | &nbsp;&nbsp;&nbsp; 471165 |
| Grupo Financiero Banorte SAB de CV - Class O | 100806 | &nbsp;&nbsp;&nbsp; 1116217 |
| HDFC Bank Ltd.  | 177063 | &nbsp;&nbsp;&nbsp; 1414533 |
| HDFC Bank Ltd. (ADR) | 23452 | &nbsp;&nbsp;&nbsp; 583486 |
| Itau Unibanco Holding SA (ADR) | 159766 | &nbsp;&nbsp;&nbsp; 1338839 |
| KBC Group NV | 10883 | &nbsp;&nbsp;&nbsp; 1330384 |
| Kotak Mahindra Bank Ltd.  | 330588 | &nbsp;&nbsp;&nbsp; 1261469 |
| M&T Bank Corp. (b) | 5150 | &nbsp;&nbsp;&nbsp; 1064608 |
| Mitsubishi UFJ Financial Group, Inc. (b) | 282400 | &nbsp;&nbsp;&nbsp; 4771336 |
| NatWest Group PLC | 380979 | &nbsp;&nbsp;&nbsp; 2826885 |
| Nordea Bank Abp | 118014 | &nbsp;&nbsp;&nbsp; 2031333 |
| NU Holdings Ltd. - Class A (a) | 113172 | &nbsp;&nbsp;&nbsp; 1626282 |
| Regions Financial Corp.  | 17434 | &nbsp;&nbsp;&nbsp; 455376 |
| Sberbank of Russia PJSC † (a) (c) (d) | 2160 | &nbsp;&nbsp;&nbsp; 0 |
| Standard Chartered PLC | 84824 | &nbsp;&nbsp;&nbsp; 1761611 |
| U.S. Bancorp | 36173 | &nbsp;&nbsp;&nbsp; 1881358 |
| UniCredit SpA | 26032 | &nbsp;&nbsp;&nbsp; 1875800 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| Wells Fargo & Co.  | 50296 | &nbsp;&nbsp;&nbsp; $4004065 |
|  |  | &nbsp;&nbsp;&nbsp; 51126315 |
| **Beverages — 0.4%** | **Beverages — 0.4%** | **Beverages — 0.4%** |
| Fomento Economico Mexicano SAB de CV (ADR) | 7384 | &nbsp;&nbsp;&nbsp; 820067 |
| Heineken NV | 5536 | &nbsp;&nbsp;&nbsp; 426014 |
| Keurig Dr. Pepper, Inc.  | 7602 | &nbsp;&nbsp;&nbsp; 200160 |
| Kweichow Moutai Co. Ltd. - Class A | 4956 | &nbsp;&nbsp;&nbsp; 1044087 |
| PepsiCo, Inc.  | 16003 | &nbsp;&nbsp;&nbsp; 2485106 |
|  |  | &nbsp;&nbsp;&nbsp; 4975434 |
| **Biotechnology — 0.8%** | **Biotechnology — 0.8%** | **Biotechnology — 0.8%** |
| AbbVie, Inc.  | 23380 | &nbsp;&nbsp;&nbsp; 5084916 |
| Alnylam Pharmaceuticals, Inc. (a) | 1904 | &nbsp;&nbsp;&nbsp; 629976 |
| Gilead Sciences, Inc.  | 4733 | &nbsp;&nbsp;&nbsp; 659638 |
| Insmed, Inc. (a) | 6398 | &nbsp;&nbsp;&nbsp; 1046201 |
| Natera, Inc. (a) | 3036 | &nbsp;&nbsp;&nbsp; 607170 |
| Neurocrine Biosciences, Inc. (a) | 5533 | &nbsp;&nbsp;&nbsp; 728917 |
| Nuvalent, Inc. - Class A (a) | 2942 | &nbsp;&nbsp;&nbsp; 301408 |
| Regeneron Pharmaceuticals, Inc.  | 1256 | &nbsp;&nbsp;&nbsp; 970436 |
| uniQure NV (a) | 2399 | &nbsp;&nbsp;&nbsp; 39224 |
| Vertex Pharmaceuticals, Inc. (a) | 838 | &nbsp;&nbsp;&nbsp; 374201 |
|  |  | &nbsp;&nbsp;&nbsp; 10442087 |
| **Broadline Retail — 1.4%** | **Broadline Retail — 1.4%** | **Broadline Retail — 1.4%** |
| Alibaba Group Holding Ltd.  | 69200 | &nbsp;&nbsp;&nbsp; 1089382 |
| Amazon.com, Inc. (a) | 69345 | &nbsp;&nbsp;&nbsp; 14442483 |
| MercadoLibre, Inc. (a) | 886 | &nbsp;&nbsp;&nbsp; 1531912 |
| Next PLC | 5852 | &nbsp;&nbsp;&nbsp; 986871 |
| Sea Ltd. (ADR) (a) | 8627 | &nbsp;&nbsp;&nbsp; 714402 |
|  |  | &nbsp;&nbsp;&nbsp; 18765050 |
| **Building Products — 0.4%** | **Building Products — 0.4%** | **Building Products — 0.4%** |
| Carlisle Cos., Inc.  | 1013 | &nbsp;&nbsp;&nbsp; 337957 |
| Hayward Holdings, Inc. (a) | 31805 | &nbsp;&nbsp;&nbsp; 425551 |
| Kingspan Group PLC | 9233 | &nbsp;&nbsp;&nbsp; 779350 |
| Trane Technologies PLC | 10687 | &nbsp;&nbsp;&nbsp; 4453700 |
|  |  | &nbsp;&nbsp;&nbsp; 5996558 |
| **Capital Markets — 1.8%** | **Capital Markets — 1.8%** | **Capital Markets — 1.8%** |
| 3i Group PLC | 29673 | &nbsp;&nbsp;&nbsp; 972295 |
| B3 SA - Brasil Bolsa Balcao | 178981 | &nbsp;&nbsp;&nbsp; 635781 |
| Charles Schwab Corp.  | 39049 | &nbsp;&nbsp;&nbsp; 3669825 |
| CME Group, Inc.  | 12177 | &nbsp;&nbsp;&nbsp; 3596477 |
| Deutsche Boerse AG | 15566 | &nbsp;&nbsp;&nbsp; 4525598 |
| Goldman Sachs Group, Inc.  | 1081 | &nbsp;&nbsp;&nbsp; 914515 |
| Hong Kong Exchanges & Clearing Ltd.  | 78500 | &nbsp;&nbsp;&nbsp; 3978797 |
| Interactive Brokers Group, Inc. - Class A | 7802 | &nbsp;&nbsp;&nbsp; 523280 |
| Intercontinental Exchange, Inc.  | 1683 | &nbsp;&nbsp;&nbsp; 264702 |
| London Stock Exchange Group PLC | 10412 | &nbsp;&nbsp;&nbsp; 1230552 |
| Morgan Stanley | 16631 | &nbsp;&nbsp;&nbsp; 2736964 |
| Raymond James Financial, Inc.  | 4053 | &nbsp;&nbsp;&nbsp; 586834 |
| Robinhood Markets, Inc. - Class A (a) | 4372 | &nbsp;&nbsp;&nbsp; 302979 |
| State Street Corp.  | 9694 | &nbsp;&nbsp;&nbsp; 1226873 |
|  |  | &nbsp;&nbsp;&nbsp; 25165472 |

---

**BHFTI-172**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Chemicals — 0.3%** | **Chemicals — 0.3%** | **Chemicals — 0.3%** |
| Air Liquide SA | 9918 | &nbsp;&nbsp;&nbsp; $2043111 |
| Linde PLC (b) | 516 | &nbsp;&nbsp;&nbsp; 255812 |
| Novonesis (Novozymes) - B Shares | 16820 | &nbsp;&nbsp;&nbsp; 995236 |
| PPG Industries, Inc.  | 3843 | &nbsp;&nbsp;&nbsp; 410740 |
|  |  | &nbsp;&nbsp;&nbsp; 3704899 |
| **Communications Equipment — 0.1%** | **Communications Equipment — 0.1%** | **Communications Equipment — 0.1%** |
| Ciena Corp. (a) | 2188 | &nbsp;&nbsp;&nbsp; 849447 |
| Cisco Systems, Inc.  | 6877 | &nbsp;&nbsp;&nbsp; 533587 |
|  |  | &nbsp;&nbsp;&nbsp; 1383034 |
| **Construction & Engineering — 0.3%** | **Construction & Engineering — 0.3%** | **Construction & Engineering — 0.3%** |
| Comfort Systems USA, Inc.  | 635 | &nbsp;&nbsp;&nbsp; 875659 |
| Obayashi Corp.  | 53400 | &nbsp;&nbsp;&nbsp; 1285981 |
| Quanta Services, Inc.  | 1994 | &nbsp;&nbsp;&nbsp; 1094746 |
| WillScot Holdings Corp.  | 42287 | &nbsp;&nbsp;&nbsp; 734102 |
|  |  | &nbsp;&nbsp;&nbsp; 3990488 |
| **Construction Materials — 0.0%** | **Construction Materials — 0.0%** | **Construction Materials — 0.0%** |
| Martin Marietta Materials, Inc.  | 844 | &nbsp;&nbsp;&nbsp; 496846 |
| **Consumer Finance — 0.3%** | **Consumer Finance — 0.3%** | **Consumer Finance — 0.3%** |
| American Express Co.  | 9008 | &nbsp;&nbsp;&nbsp; 2724740 |
| Capital One Financial Corp.  | 8324 | &nbsp;&nbsp;&nbsp; 1518547 |
|  |  | &nbsp;&nbsp;&nbsp; 4243287 |
| **Consumer Staples Distribution & Retail — 0.7%** | **Consumer Staples Distribution & Retail — 0.7%** | **Consumer Staples Distribution & Retail — 0.7%** |
| Bid Corp. Ltd. (b) | 32326 | &nbsp;&nbsp;&nbsp; 778886 |
| BJ's Wholesale Club Holdings, Inc. (a) | 6096 | &nbsp;&nbsp;&nbsp; 599968 |
| Casey's General Stores, Inc.  | 902 | &nbsp;&nbsp;&nbsp; 656530 |
| Koninklijke Ahold Delhaize NV | 27284 | &nbsp;&nbsp;&nbsp; 1273721 |
| Performance Food Group Co. (a) | 10154 | &nbsp;&nbsp;&nbsp; 869792 |
| Raia Drogasil SA | 73710 | &nbsp;&nbsp;&nbsp; 334835 |
| Wal-Mart de Mexico SAB de CV | 242804 | &nbsp;&nbsp;&nbsp; 791690 |
| Walmart, Inc.  | 34088 | &nbsp;&nbsp;&nbsp; 4236457 |
|  |  | &nbsp;&nbsp;&nbsp; 9541879 |
| **Containers & Packaging — 0.1%** | **Containers & Packaging — 0.1%** | **Containers & Packaging — 0.1%** |
| Packaging Corp. of America | 3258 | &nbsp;&nbsp;&nbsp; 691413 |
| Silgan Holdings, Inc. (b) | 13592 | &nbsp;&nbsp;&nbsp; 527369 |
| Smurfit Westrock PLC | 14268 | &nbsp;&nbsp;&nbsp; 568580 |
|  |  | &nbsp;&nbsp;&nbsp; 1787362 |
| **Diversified Telecommunication Services — 0.6%** | **Diversified Telecommunication Services — 0.6%** | **Diversified Telecommunication Services — 0.6%** |
| AT&T, Inc.  | 87522 | &nbsp;&nbsp;&nbsp; 2537263 |
| Deutsche Telekom AG | 53789 | &nbsp;&nbsp;&nbsp; 1983418 |
| Koninklijke KPN NV | 335231 | &nbsp;&nbsp;&nbsp; 1864529 |
| Telstra Group Ltd.  | 539738 | &nbsp;&nbsp;&nbsp; 1987880 |
|  |  | &nbsp;&nbsp;&nbsp; 8373090 |
| **Electric Utilities — 0.9%** | **Electric Utilities — 0.9%** | **Electric Utilities — 0.9%** |
| Iberdrola SA | 82487 | &nbsp;&nbsp;&nbsp; 1893549 |
| NextEra Energy, Inc.  | 61187 | &nbsp;&nbsp;&nbsp; 5683049 |
| PG&E Corp.  | 36026 | &nbsp;&nbsp;&nbsp; 632977 |
| Southern Co. (b) | 17050 | &nbsp;&nbsp;&nbsp; 1645666 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Electric Utilities—(Continued)** | **Electric Utilities—(Continued)** | **Electric Utilities—(Continued)** |
| SSE PLC | 32970 | &nbsp;&nbsp;&nbsp; $1138258 |
| Xcel Energy, Inc.  | 12451 | &nbsp;&nbsp;&nbsp; 989107 |
|  |  | &nbsp;&nbsp;&nbsp; 11982606 |
| **Electrical Equipment — 0.6%** | **Electrical Equipment — 0.6%** | **Electrical Equipment — 0.6%** |
| AMETEK, Inc.  | 3695 | &nbsp;&nbsp;&nbsp; 792060 |
| Contemporary Amperex Technology Co. Ltd. - Class A | 21600 | &nbsp;&nbsp;&nbsp; 1266050 |
| Eaton Corp. PLC (b) | 3201 | &nbsp;&nbsp;&nbsp; 1144902 |
| Emerson Electric Co.  | 5100 | &nbsp;&nbsp;&nbsp; 668202 |
| Legrand SA | 18123 | &nbsp;&nbsp;&nbsp; 2800451 |
| WEG SA | 120929 | &nbsp;&nbsp;&nbsp; 1190881 |
|  |  | &nbsp;&nbsp;&nbsp; 7862546 |
| **Electronic Equipment, Instruments & Components — 0.7%** | **Electronic Equipment, Instruments & Components — 0.7%** | **Electronic Equipment, Instruments & Components — 0.7%** |
| Amphenol Corp. - Class A | 14167 | &nbsp;&nbsp;&nbsp; 1790000 |
| CDW Corp.  | 4138 | &nbsp;&nbsp;&nbsp; 500781 |
| Delta Electronics, Inc.  | 52761 | &nbsp;&nbsp;&nbsp; 2348271 |
| Jabil, Inc.  | 2549 | &nbsp;&nbsp;&nbsp; 677091 |
| Keyence Corp.  | 7500 | &nbsp;&nbsp;&nbsp; 2656164 |
| TD SYNNEX Corp.  | 3503 | &nbsp;&nbsp;&nbsp; 590991 |
| Teledyne Technologies, Inc. (a) | 873 | &nbsp;&nbsp;&nbsp; 528174 |
|  |  | &nbsp;&nbsp;&nbsp; 9091472 |
| **Energy Equipment & Services — 0.1%** | **Energy Equipment & Services — 0.1%** | **Energy Equipment & Services — 0.1%** |
| Baker Hughes Co.  | 21949 | &nbsp;&nbsp;&nbsp; 1339986 |
| TechnipFMC PLC | 10421 | &nbsp;&nbsp;&nbsp; 720404 |
|  |  | &nbsp;&nbsp;&nbsp; 2060390 |
| **Entertainment — 0.7%** | **Entertainment — 0.7%** | **Entertainment — 0.7%** |
| Live Nation Entertainment, Inc. (a) (b) | 2218 | &nbsp;&nbsp;&nbsp; 338267 |
| NetEase, Inc.  | 55775 | &nbsp;&nbsp;&nbsp; 1240967 |
| Netflix, Inc. (a) | 17020 | &nbsp;&nbsp;&nbsp; 1636473 |
| Nintendo Co. Ltd.  | 17900 | &nbsp;&nbsp;&nbsp; 1021389 |
| ROBLOX Corp. - Class A (a) | 2465 | &nbsp;&nbsp;&nbsp; 139420 |
| Spotify Technology SA (a) | 1057 | &nbsp;&nbsp;&nbsp; 512550 |
| Take-Two Interactive Software, Inc. (a) | 3408 | &nbsp;&nbsp;&nbsp; 673080 |
| Tencent Music Entertainment Group (ADR) | 25779 | &nbsp;&nbsp;&nbsp; 239229 |
| Walt Disney Co.  | 41912 | &nbsp;&nbsp;&nbsp; 4039479 |
| Warner Music Group Corp. - Class A | 12259 | &nbsp;&nbsp;&nbsp; 313095 |
|  |  | &nbsp;&nbsp;&nbsp; 10153949 |
| **Financial Services — 1.1%** | **Financial Services — 1.1%** | **Financial Services — 1.1%** |
| Berkshire Hathaway, Inc. - Class B (a) | 6533 | &nbsp;&nbsp;&nbsp; 3130613 |
| Corpay, Inc. (a) | 2832 | &nbsp;&nbsp;&nbsp; 824084 |
| Fidelity National Information Services, Inc.  | 21167 | &nbsp;&nbsp;&nbsp; 992944 |
| Mastercard, Inc. - Class A | 17627 | &nbsp;&nbsp;&nbsp; 8807507 |
| MGIC Investment Corp.  | 24182 | &nbsp;&nbsp;&nbsp; 634777 |
| Rocket Cos., Inc. - Class A (a) | 14255 | &nbsp;&nbsp;&nbsp; 203134 |
|  |  | &nbsp;&nbsp;&nbsp; 14593059 |
| **Food Products — 0.4%** | **Food Products — 0.4%** | **Food Products — 0.4%** |
| Ajinomoto Co., Inc.  | 58100 | &nbsp;&nbsp;&nbsp; 1629044 |
| Mondelez International, Inc. - Class A | 10690 | &nbsp;&nbsp;&nbsp; 616171 |
| Nestle SA | 27340 | &nbsp;&nbsp;&nbsp; 2711826 |

---

**BHFTI-173**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Food Products—(Continued)** | **Food Products—(Continued)** | **Food Products—(Continued)** |
| Post Holdings, Inc. (a) (b) | 7108 | &nbsp;&nbsp;&nbsp; $702697 |
|  |  | &nbsp;&nbsp;&nbsp; 5659738 |
| **Ground Transportation — 0.1%** | **Ground Transportation — 0.1%** | **Ground Transportation — 0.1%** |
| JB Hunt Transport Services, Inc.  | 3034 | &nbsp;&nbsp;&nbsp; 642905 |
| Union Pacific Corp.  | 3678 | &nbsp;&nbsp;&nbsp; 892356 |
|  |  | &nbsp;&nbsp;&nbsp; 1535261 |
| **Health Care Equipment & Supplies — 0.6%** | **Health Care Equipment & Supplies — 0.6%** | **Health Care Equipment & Supplies — 0.6%** |
| Hoya Corp.  | 9300 | &nbsp;&nbsp;&nbsp; 1604212 |
| Intuitive Surgical, Inc. (a) | 1427 | &nbsp;&nbsp;&nbsp; 657833 |
| Medtronic PLC | 33182 | &nbsp;&nbsp;&nbsp; 2875220 |
| Stryker Corp.  | 7481 | &nbsp;&nbsp;&nbsp; 2458182 |
|  |  | &nbsp;&nbsp;&nbsp; 7595447 |
| **Health Care Providers & Services — 0.6%** | **Health Care Providers & Services — 0.6%** | **Health Care Providers & Services — 0.6%** |
| Cencora, Inc.  | 5640 | &nbsp;&nbsp;&nbsp; 1771750 |
| Cigna Group | 4076 | &nbsp;&nbsp;&nbsp; 1087273 |
| HCA Healthcare, Inc.  | 894 | &nbsp;&nbsp;&nbsp; 423076 |
| Henry Schein, Inc. (a) | 8681 | &nbsp;&nbsp;&nbsp; 639790 |
| Humana, Inc.  | 2469 | &nbsp;&nbsp;&nbsp; 428100 |
| Labcorp Holdings, Inc.  | 3743 | &nbsp;&nbsp;&nbsp; 998670 |
| UnitedHealth Group, Inc.  | 9094 | &nbsp;&nbsp;&nbsp; 2460745 |
|  |  | &nbsp;&nbsp;&nbsp; 7809404 |
| **Health Care REITs — 0.1%** | **Health Care REITs — 0.1%** | **Health Care REITs — 0.1%** |
| Ventas, Inc. (b) | 12220 | &nbsp;&nbsp;&nbsp; 999352 |
| **Hotel & Resort REITs — 0.0%** | **Hotel & Resort REITs — 0.0%** | **Hotel & Resort REITs — 0.0%** |
| Host Hotels & Resorts, Inc.  | 13633 | &nbsp;&nbsp;&nbsp; 261208 |
| **Hotels, Restaurants & Leisure — 1.2%** | **Hotels, Restaurants & Leisure — 1.2%** | **Hotels, Restaurants & Leisure — 1.2%** |
| Booking Holdings, Inc.  | 453 | &nbsp;&nbsp;&nbsp; 1907275 |
| Compass Group PLC | 56673 | &nbsp;&nbsp;&nbsp; 1574588 |
| Darden Restaurants, Inc.  | 1776 | &nbsp;&nbsp;&nbsp; 348167 |
| DoorDash, Inc. - Class A (a) | 3834 | &nbsp;&nbsp;&nbsp; 575675 |
| H World Group Ltd. (ADR) | 13155 | &nbsp;&nbsp;&nbsp; 661565 |
| Hilton Worldwide Holdings, Inc.  | 2089 | &nbsp;&nbsp;&nbsp; 635223 |
| InterContinental Hotels Group PLC | 7612 | &nbsp;&nbsp;&nbsp; 1002515 |
| Marriott International, Inc. - Class A | 1190 | &nbsp;&nbsp;&nbsp; 389213 |
| McDonald's Corp.  | 16763 | &nbsp;&nbsp;&nbsp; 5209773 |
| Trip.com Group Ltd. (a) | 19050 | &nbsp;&nbsp;&nbsp; 942200 |
| Yum China Holdings, Inc. (b) | 16538 | &nbsp;&nbsp;&nbsp; 806724 |
| Yum! Brands, Inc.  | 18156 | &nbsp;&nbsp;&nbsp; 2822895 |
|  |  | &nbsp;&nbsp;&nbsp; 16875813 |
| **Household Durables — 0.4%** | **Household Durables — 0.4%** | **Household Durables — 0.4%** |
| Garmin Ltd.  | 1877 | &nbsp;&nbsp;&nbsp; 435483 |
| Midea Group Co. Ltd. - Class A | 104000 | &nbsp;&nbsp;&nbsp; 1155334 |
| Mohawk Industries, Inc. (a) | 3791 | &nbsp;&nbsp;&nbsp; 373262 |
| Somnigroup International, Inc.  | 2980 | &nbsp;&nbsp;&nbsp; 220281 |
| Sony Group Corp.  | 194300 | &nbsp;&nbsp;&nbsp; 4007699 |
|  |  | &nbsp;&nbsp;&nbsp; 6192059 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Household Products — 0.1%** | **Household Products — 0.1%** | **Household Products — 0.1%** |
| Procter & Gamble Co.  | 5107 | &nbsp;&nbsp;&nbsp; $737655 |
| **Independent Power and Renewable Electricity Producers — 0.1%** | **Independent Power and Renewable Electricity Producers — 0.1%** | **Independent Power and Renewable Electricity Producers — 0.1%** |
| RWE AG | 19102 | &nbsp;&nbsp;&nbsp; 1272265 |
| **Industrial Conglomerates — 0.5%** | **Industrial Conglomerates — 0.5%** | **Industrial Conglomerates — 0.5%** |
| 3M Co.  | 14617 | &nbsp;&nbsp;&nbsp; 2122827 |
| Bidvest Group Ltd.  | 19454 | &nbsp;&nbsp;&nbsp; 262533 |
| Hitachi Ltd.  | 71300 | &nbsp;&nbsp;&nbsp; 2083787 |
| Siemens AG | 12211 | &nbsp;&nbsp;&nbsp; 2896332 |
|  |  | &nbsp;&nbsp;&nbsp; 7365479 |
| **Industrial REITs — 0.0%** | **Industrial REITs — 0.0%** | **Industrial REITs — 0.0%** |
| EastGroup Properties, Inc.  | 1558 | &nbsp;&nbsp;&nbsp; 288370 |
| **Insurance — 1.8%** | **Insurance — 1.8%** | **Insurance — 1.8%** |
| AIA Group Ltd.  | 419600 | &nbsp;&nbsp;&nbsp; 4713723 |
| Allianz SE | 5002 | &nbsp;&nbsp;&nbsp; 2072768 |
| Aon PLC - Class A | 3244 | &nbsp;&nbsp;&nbsp; 1047098 |
| Arch Capital Group Ltd. (a) | 3972 | &nbsp;&nbsp;&nbsp; 381272 |
| Chubb Ltd.  | 1901 | &nbsp;&nbsp;&nbsp; 619593 |
| HDFC Life Insurance Co. Ltd.  | 78956 | &nbsp;&nbsp;&nbsp; 497449 |
| Kinsale Capital Group, Inc.  | 1308 | &nbsp;&nbsp;&nbsp; 446891 |
| Loews Corp.  | 9666 | &nbsp;&nbsp;&nbsp; 1031749 |
| Marsh & McLennan Cos., Inc.  | 2778 | &nbsp;&nbsp;&nbsp; 481844 |
| Medibank Pvt Ltd.  | 304436 | &nbsp;&nbsp;&nbsp; 921323 |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 9878 | &nbsp;&nbsp;&nbsp; 6153297 |
| Ping An Insurance Group Co. of China Ltd. - Class H | 149500 | &nbsp;&nbsp;&nbsp; 1165858 |
| Progressive Corp.  | 1940 | &nbsp;&nbsp;&nbsp; 384586 |
| Tokio Marine Holdings, Inc.  | 86700 | &nbsp;&nbsp;&nbsp; 4048699 |
| Travelers Cos., Inc.  | 2907 | &nbsp;&nbsp;&nbsp; 847914 |
|  |  | &nbsp;&nbsp;&nbsp; 24814064 |
| **Interactive Media & Services — 1.8%** | **Interactive Media & Services — 1.8%** | **Interactive Media & Services — 1.8%** |
| Alphabet, Inc. - Class A | 16693 | &nbsp;&nbsp;&nbsp; 4800239 |
| Alphabet, Inc. - Class C | 19877 | &nbsp;&nbsp;&nbsp; 5701916 |
| Meta Platforms, Inc. - Class A | 18277 | &nbsp;&nbsp;&nbsp; 10456820 |
| Reddit, Inc. - Class A (a) | 1711 | &nbsp;&nbsp;&nbsp; 230386 |
| Tencent Holdings Ltd.  | 58400 | &nbsp;&nbsp;&nbsp; 3686903 |
|  |  | &nbsp;&nbsp;&nbsp; 24876264 |
| **IT Services — 0.6%** | **IT Services — 0.6%** | **IT Services — 0.6%** |
| Accenture PLC - Class A | 9283 | &nbsp;&nbsp;&nbsp; 1840726 |
| Capgemini SE | 7907 | &nbsp;&nbsp;&nbsp; 924208 |
| Cloudflare, Inc. - Class A (a) | 1305 | &nbsp;&nbsp;&nbsp; 269274 |
| DigitalOcean Holdings, Inc. (a) | 2986 | &nbsp;&nbsp;&nbsp; 256139 |
| EPAM Systems, Inc. (a) (b) | 2496 | &nbsp;&nbsp;&nbsp; 337958 |
| GoDaddy, Inc. - Class A (a) | 3591 | &nbsp;&nbsp;&nbsp; 296868 |
| Infosys Ltd. (ADR) (b) | 117989 | &nbsp;&nbsp;&nbsp; 1594031 |
| International Business Machines Corp.  | 1455 | &nbsp;&nbsp;&nbsp; 352678 |
| Shopify, Inc. - Class A (a) | 1724 | &nbsp;&nbsp;&nbsp; 204501 |
| Snowflake, Inc. - Class A (a) | 3206 | &nbsp;&nbsp;&nbsp; 483529 |
| Tata Consultancy Services Ltd.  | 51641 | &nbsp;&nbsp;&nbsp; 1310729 |
| Twilio, Inc. - Class A (a) | 2794 | &nbsp;&nbsp;&nbsp; 351541 |
|  |  | &nbsp;&nbsp;&nbsp; 8222182 |

---

**BHFTI-174**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Life Sciences Tools & Services — 0.2%** | **Life Sciences Tools & Services — 0.2%** | **Life Sciences Tools & Services — 0.2%** |
| IQVIA Holdings, Inc. (a) | 5499 | &nbsp;&nbsp;&nbsp; $937800 |
| Lonza Group AG | 1056 | &nbsp;&nbsp;&nbsp; 675617 |
| Mettler-Toledo International, Inc. (a) | 209 | &nbsp;&nbsp;&nbsp; 263591 |
| Thermo Fisher Scientific, Inc.  | 1111 | &nbsp;&nbsp;&nbsp; 546090 |
|  |  | &nbsp;&nbsp;&nbsp; 2423098 |
| **Machinery — 1.1%** | **Machinery — 1.1%** | **Machinery — 1.1%** |
| Atlas Copco AB - A Shares | 165587 | &nbsp;&nbsp;&nbsp; 2912504 |
| Deere & Co.  | 935 | &nbsp;&nbsp;&nbsp; 526686 |
| Dover Corp.  | 11480 | &nbsp;&nbsp;&nbsp; 2393006 |
| IHI Corp.  | 37000 | &nbsp;&nbsp;&nbsp; 756200 |
| ITT, Inc.  | 4664 | &nbsp;&nbsp;&nbsp; 888632 |
| Kubota Corp.  | 54700 | &nbsp;&nbsp;&nbsp; 863114 |
| Middleby Corp. (a) | 4071 | &nbsp;&nbsp;&nbsp; 539733 |
| Techtronic Industries Co. Ltd.  | 87000 | &nbsp;&nbsp;&nbsp; 1158026 |
| Volvo AB - B Shares (b) | 153684 | &nbsp;&nbsp;&nbsp; 5013921 |
|  |  | &nbsp;&nbsp;&nbsp; 15051822 |
| **Media — 0.1%** | **Media — 0.1%** | **Media — 0.1%** |
| Nexstar Media Group, Inc.  | 2479 | &nbsp;&nbsp;&nbsp; 448278 |
| Omnicom Group, Inc. (b) | 7981 | &nbsp;&nbsp;&nbsp; 601049 |
|  |  | &nbsp;&nbsp;&nbsp; 1049327 |
| **Metals & Mining — 0.5%** | **Metals & Mining — 0.5%** | **Metals & Mining — 0.5%** |
| Glencore PLC (a) | 109431 | &nbsp;&nbsp;&nbsp; 833865 |
| Rio Tinto Ltd.  | 10806 | &nbsp;&nbsp;&nbsp; 1214960 |
| Rio Tinto PLC | 51285 | &nbsp;&nbsp;&nbsp; 4767033 |
|  |  | &nbsp;&nbsp;&nbsp; 6815858 |
| **Multi-Utilities — 0.3%** | **Multi-Utilities — 0.3%** | **Multi-Utilities — 0.3%** |
| Dominion Energy, Inc.  | 20014 | &nbsp;&nbsp;&nbsp; 1237265 |
| Engie SA | 76563 | &nbsp;&nbsp;&nbsp; 2468406 |
| Public Service Enterprise Group, Inc.  | 4061 | &nbsp;&nbsp;&nbsp; 328738 |
|  |  | &nbsp;&nbsp;&nbsp; 4034409 |
| **Oil, Gas & Consumable Fuels — 1.8%** | **Oil, Gas & Consumable Fuels — 1.8%** | **Oil, Gas & Consumable Fuels — 1.8%** |
| Chevron Corp.  | 5358 | &nbsp;&nbsp;&nbsp; 1108570 |
| ConocoPhillips | 11505 | &nbsp;&nbsp;&nbsp; 1518660 |
| EOG Resources, Inc.  | 13988 | &nbsp;&nbsp;&nbsp; 2022245 |
| Exxon Mobil Corp.  | 37595 | &nbsp;&nbsp;&nbsp; 6378368 |
| Kinder Morgan, Inc.  | 13936 | &nbsp;&nbsp;&nbsp; 467274 |
| Shell PLC | 183061 | &nbsp;&nbsp;&nbsp; 8548368 |
| TotalEnergies SE | 30515 | &nbsp;&nbsp;&nbsp; 2817550 |
| Williams Cos., Inc.  | 18389 | &nbsp;&nbsp;&nbsp; 1338351 |
|  |  | &nbsp;&nbsp;&nbsp; 24199386 |
| **Passenger Airlines — 0.1%** | **Passenger Airlines — 0.1%** | **Passenger Airlines — 0.1%** |
| Ryanair Holdings PLC (ADR) | 20677 | &nbsp;&nbsp;&nbsp; 1195131 |
| Southwest Airlines Co.  | 13567 | &nbsp;&nbsp;&nbsp; 509712 |
|  |  | &nbsp;&nbsp;&nbsp; 1704843 |
| **Personal Care Products — 0.1%** | **Personal Care Products — 0.1%** | **Personal Care Products — 0.1%** |
| elf Beauty, Inc. (a) | 7584 | &nbsp;&nbsp;&nbsp; 459666 |
| Kao Corp. (b) | 33200 | &nbsp;&nbsp;&nbsp; 1297295 |
|  |  | &nbsp;&nbsp;&nbsp; 1756961 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Pharmaceuticals — 1.8%** | **Pharmaceuticals — 1.8%** | **Pharmaceuticals — 1.8%** |
| AstraZeneca PLC | 19255 | &nbsp;&nbsp;&nbsp; $3760850 |
| Bristol-Myers Squibb Co.  | 48974 | &nbsp;&nbsp;&nbsp; 2970273 |
| Eli Lilly & Co.  | 1446 | &nbsp;&nbsp;&nbsp; 1329988 |
| Johnson & Johnson | 27729 | &nbsp;&nbsp;&nbsp; 6778077 |
| Merck & Co., Inc.  | 12961 | &nbsp;&nbsp;&nbsp; 1559079 |
| Novartis AG | 18473 | &nbsp;&nbsp;&nbsp; 2804747 |
| Novo Nordisk AS - Class B | 34179 | &nbsp;&nbsp;&nbsp; 1259468 |
| Roche Holding AG | 6969 | &nbsp;&nbsp;&nbsp; 2751820 |
| UCB SA | 2807 | &nbsp;&nbsp;&nbsp; 845499 |
|  |  | &nbsp;&nbsp;&nbsp; 24059801 |
| **Professional Services — 0.2%** | **Professional Services — 0.2%** | **Professional Services — 0.2%** |
| Andersen Group, Inc. - Class A (a) | 6043 | &nbsp;&nbsp;&nbsp; 164370 |
| Booz Allen Hamilton Holding Corp.  | 5419 | &nbsp;&nbsp;&nbsp; 422845 |
| Paylocity Holding Corp. (a) | 2739 | &nbsp;&nbsp;&nbsp; 295921 |
| RELX PLC | 32684 | &nbsp;&nbsp;&nbsp; 1084240 |
| TransUnion | 8891 | &nbsp;&nbsp;&nbsp; 615168 |
|  |  | &nbsp;&nbsp;&nbsp; 2582544 |
| **Real Estate Management & Development — 0.2%** | **Real Estate Management & Development — 0.2%** | **Real Estate Management & Development — 0.2%** |
| CBRE Group, Inc. - Class A (a) | 5712 | &nbsp;&nbsp;&nbsp; 773748 |
| Mitsui Fudosan Co. Ltd.  | 122600 | &nbsp;&nbsp;&nbsp; 1297667 |
| Sumitomo Realty & Development Co. Ltd.  | 25700 | &nbsp;&nbsp;&nbsp; 722548 |
|  |  | &nbsp;&nbsp;&nbsp; 2793963 |
| **Residential REITs — 0.1%** | **Residential REITs — 0.1%** | **Residential REITs — 0.1%** |
| American Homes 4 Rent - Class A | 17370 | &nbsp;&nbsp;&nbsp; 484970 |
| AvalonBay Communities, Inc.  | 1751 | &nbsp;&nbsp;&nbsp; 286026 |
| Mid-America Apartment Communities, Inc.  | 6732 | &nbsp;&nbsp;&nbsp; 822112 |
|  |  | &nbsp;&nbsp;&nbsp; 1593108 |
| **Retail REITs — 0.1%** | **Retail REITs — 0.1%** | **Retail REITs — 0.1%** |
| Regency Centers Corp.  | 12279 | &nbsp;&nbsp;&nbsp; 929029 |
| **Semiconductors & Semiconductor Equipment — 5.3%** | **Semiconductors & Semiconductor Equipment — 5.3%** | **Semiconductors & Semiconductor Equipment — 5.3%** |
| Analog Devices, Inc.  | 2298 | &nbsp;&nbsp;&nbsp; 731086 |
| ASE Technology Holding Co. Ltd.  | 152000 | &nbsp;&nbsp;&nbsp; 1667423 |
| ASML Holding NV (b) | 7671 | &nbsp;&nbsp;&nbsp; 10153621 |
| Broadcom, Inc.  | 28984 | &nbsp;&nbsp;&nbsp; 8970838 |
| Infineon Technologies AG | 57676 | &nbsp;&nbsp;&nbsp; 2534180 |
| NVIDIA Corp.  | 146751 | &nbsp;&nbsp;&nbsp; 25593374 |
| ON Semiconductor Corp. (a) | 10038 | &nbsp;&nbsp;&nbsp; 621553 |
| Realtek Semiconductor Corp.  | 49000 | &nbsp;&nbsp;&nbsp; 744360 |
| SK Hynix, Inc.  | 6567 | &nbsp;&nbsp;&nbsp; 3571743 |
| Taiwan Semiconductor Manufacturing Co. Ltd.  | 226000 | &nbsp;&nbsp;&nbsp; 12740849 |
| Teradyne, Inc.  | 2622 | &nbsp;&nbsp;&nbsp; 777318 |
| Texas Instruments, Inc.  | 7157 | &nbsp;&nbsp;&nbsp; 1389460 |
| Tokyo Electron Ltd.  | 10600 | &nbsp;&nbsp;&nbsp; 2592252 |
|  |  | &nbsp;&nbsp;&nbsp; 72088057 |
| **Software — 1.3%** | **Software — 1.3%** | **Software — 1.3%** |
| AppLovin Corp. - Class A (a) | 1018 | &nbsp;&nbsp;&nbsp; 405164 |
| Crowdstrike Holdings, Inc. - Class A (a) | 907 | &nbsp;&nbsp;&nbsp; 354102 |
| HubSpot, Inc. (a) | 1075 | &nbsp;&nbsp;&nbsp; 262407 |
| Intuit, Inc.  | 1598 | &nbsp;&nbsp;&nbsp; 690943 |

---

**BHFTI-175**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Software—(Continued)** | **Software—(Continued)** | **Software—(Continued)** |
| Microsoft Corp.  | 38098 | &nbsp;&nbsp;&nbsp; $14102737 |
| Oracle Corp.  | 3753 | &nbsp;&nbsp;&nbsp; 552104 |
| Palo Alto Networks, Inc. (a) | 4231 | &nbsp;&nbsp;&nbsp; 678314 |
| ServiceNow, Inc. (a) | 11264 | &nbsp;&nbsp;&nbsp; 1177651 |
|  |  | &nbsp;&nbsp;&nbsp; 18223422 |
| **Specialized REITs — 0.3%** | **Specialized REITs — 0.3%** | **Specialized REITs — 0.3%** |
| American Tower Corp.  | 9392 | &nbsp;&nbsp;&nbsp; 1620872 |
| Equinix, Inc.  | 564 | &nbsp;&nbsp;&nbsp; 552855 |
| Public Storage (b) | 2394 | &nbsp;&nbsp;&nbsp; 648487 |
| Rayonier, Inc. (b) | 16178 | &nbsp;&nbsp;&nbsp; 333590 |
| SBA Communications Corp.  | 2574 | &nbsp;&nbsp;&nbsp; 443011 |
|  |  | &nbsp;&nbsp;&nbsp; 3598815 |
| **Specialty Retail — 1.0%** | **Specialty Retail — 1.0%** | **Specialty Retail — 1.0%** |
| AutoZone, Inc. (a) | 1010 | &nbsp;&nbsp;&nbsp; 3411558 |
| Best Buy Co., Inc.  | 7956 | &nbsp;&nbsp;&nbsp; 510775 |
| Burlington Stores, Inc. (a) | 4322 | &nbsp;&nbsp;&nbsp; 1406292 |
| Carvana Co. (a) | 1088 | &nbsp;&nbsp;&nbsp; 342045 |
| Industria de Diseno Textil SA (b) | 19151 | &nbsp;&nbsp;&nbsp; 1101106 |
| Lowe's Cos., Inc.  | 19148 | &nbsp;&nbsp;&nbsp; 4524290 |
| Murphy USA, Inc.  | 1171 | &nbsp;&nbsp;&nbsp; 578439 |
| TJX Cos., Inc.  | 6557 | &nbsp;&nbsp;&nbsp; 1047153 |
| Ulta Beauty, Inc. (a) | 1179 | &nbsp;&nbsp;&nbsp; 616275 |
|  |  | &nbsp;&nbsp;&nbsp; 13537933 |
| **Technology Hardware, Storage & Peripherals — 1.7%** | **Technology Hardware, Storage & Peripherals — 1.7%** | **Technology Hardware, Storage & Peripherals — 1.7%** |
| Apple, Inc.  | 58164 | &nbsp;&nbsp;&nbsp; 14761441 |
| Hewlett Packard Enterprise Co.  | 44986 | &nbsp;&nbsp;&nbsp; 1071117 |
| Quanta Computer, Inc.  | 80000 | &nbsp;&nbsp;&nbsp; 706931 |
| Samsung Electronics Co. Ltd. (GDR) | 1969 | &nbsp;&nbsp;&nbsp; 5584084 |
| Western Digital Corp.  | 2159 | &nbsp;&nbsp;&nbsp; 583988 |
|  |  | &nbsp;&nbsp;&nbsp; 22707561 |
| **Textiles, Apparel & Luxury Goods — 0.5%** | **Textiles, Apparel & Luxury Goods — 0.5%** | **Textiles, Apparel & Luxury Goods — 0.5%** |
| Asics Corp.  | 30000 | &nbsp;&nbsp;&nbsp; 797738 |
| Cie Financiere Richemont SA - Class A | 10227 | &nbsp;&nbsp;&nbsp; 1822378 |
| Columbia Sportswear Co.  | 8304 | &nbsp;&nbsp;&nbsp; 455142 |
| Kering SA | 2384 | &nbsp;&nbsp;&nbsp; 720890 |
| Kontoor Brands, Inc.  | 6430 | &nbsp;&nbsp;&nbsp; 451965 |
| LVMH Moet Hennessy Louis Vuitton SE | 4111 | &nbsp;&nbsp;&nbsp; 2285162 |
| NIKE, Inc. - Class B | 3559 | &nbsp;&nbsp;&nbsp; 187986 |
|  |  | &nbsp;&nbsp;&nbsp; 6721261 |
| **Tobacco — 0.3%** | **Tobacco — 0.3%** | **Tobacco — 0.3%** |
| British American Tobacco PLC (b) | 33891 | &nbsp;&nbsp;&nbsp; 1974175 |
| ITC Ltd.  | 228287 | &nbsp;&nbsp;&nbsp; 705429 |
| Philip Morris International, Inc.  | 12001 | &nbsp;&nbsp;&nbsp; 1984245 |
|  |  | &nbsp;&nbsp;&nbsp; 4663849 |
| **Trading Companies & Distributors — 0.2%** | **Trading Companies & Distributors — 0.2%** | **Trading Companies & Distributors — 0.2%** |
| ITOCHU Corp.  | 150100 | &nbsp;&nbsp;&nbsp; 1907833 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Trading Companies & Distributors—(Continued)** | **Trading Companies & Distributors—(Continued)** | **Trading Companies & Distributors—(Continued)** |
| United Rentals, Inc.  | 2141 | &nbsp;&nbsp;&nbsp; $1559847 |
|  |  | &nbsp;&nbsp;&nbsp; 3467680 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $499,032,282) <br>|  | &nbsp;&nbsp;&nbsp; 581168113 |

---

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

---

| | | |
|:---|:---|:---|
| **Convertible Bonds—18.7%** | **Convertible Bonds—18.7%** | **Convertible Bonds—18.7%** |
| **Aerospace/Defense — 0.1%** | **Aerospace/Defense — 0.1%** | **Aerospace/Defense — 0.1%** |
| MTU Aero Engines AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/15/33 (EUR) | 1400000 | &nbsp;&nbsp;&nbsp; 1491887 |
| **Airlines — 0.4%** | **Airlines — 0.4%** | **Airlines — 0.4%** |
| Deutsche Lufthansa AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 09/10/32 (EUR) | 1600000 | &nbsp;&nbsp;&nbsp; 1828613 |
| International Consolidated Airlines Group SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 05/18/28 (EUR) | 2200000 | &nbsp;&nbsp;&nbsp; 3251215 |
|  |  | &nbsp;&nbsp;&nbsp; 5079828 |
| **Banks — 0.4%** | **Banks — 0.4%** | **Banks — 0.4%** |
| Barclays Bank PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.000%, 02/16/29 | 2431000 | &nbsp;&nbsp;&nbsp; 2435279 |
| Barclays PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 01/20/31 (144A) (EUR) | 700000 | &nbsp;&nbsp;&nbsp; 857413 |
| Morgan Stanley Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 03/21/28 | 1100000 | &nbsp;&nbsp;&nbsp; 1592800 |
|  |  | &nbsp;&nbsp;&nbsp; 4885492 |
| **Building Materials — 0.1%** | **Building Materials — 0.1%** | **Building Materials — 0.1%** |
| TCC Group Holdings Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 03/28/30 | 900000 | &nbsp;&nbsp;&nbsp; 882450 |
| **Chemicals — 0.3%** | **Chemicals — 0.3%** | **Chemicals — 0.3%** |
| LG Chem Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 06/16/28 | 3100000 | &nbsp;&nbsp;&nbsp; 3704500 |
| **Commercial Services — 0.5%** | **Commercial Services — 0.5%** | **Commercial Services — 0.5%** |
| Elis SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 09/22/29 (EUR) | 1100000 | &nbsp;&nbsp;&nbsp; 1926523 |
| Euronet Worldwide, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.625%, 10/01/30 (144A) | 2591000 | &nbsp;&nbsp;&nbsp; 2254170 |
| Global Payments, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 03/01/31 (b) | 3666000 | &nbsp;&nbsp;&nbsp; 3229933 |
|  |  | &nbsp;&nbsp;&nbsp; 7410626 |
| **Computers — 1.1%** | **Computers — 1.1%** | **Computers — 1.1%** |
| Lenovo Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/26/29 | 1751000 | &nbsp;&nbsp;&nbsp; 2126590 |
| Western Digital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/15/28 | 1802000 | &nbsp;&nbsp;&nbsp; 12899076 |
|  |  | &nbsp;&nbsp;&nbsp; 15025666 |
| **Diversified Financial Services — 1.0%** | **Diversified Financial Services — 1.0%** | **Diversified Financial Services — 1.0%** |
| Citigroup Global Markets Funding Luxembourg SCA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 03/15/28 (EUR) | 800000 | &nbsp;&nbsp;&nbsp; 940269 |

---

**BHFTI-176**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

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

**Convertible Bonds—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Diversified Financial Services—(Continued)** | **Diversified Financial Services—(Continued)** | **Diversified Financial Services—(Continued)** |
| Citigroup Global Markets Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 10/10/28 | 1000000 | &nbsp;&nbsp;&nbsp; $1032170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.800%, 02/05/30 (144A) (EUR) | 1000000 | &nbsp;&nbsp;&nbsp; 1165188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.000%, 04/09/29 (144A) (EUR) | 1000000 | &nbsp;&nbsp;&nbsp; 1091342 |
| Euronext NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 05/30/32 (EUR) | 1100000 | &nbsp;&nbsp;&nbsp; 1278271 |
| Goldman Sachs Finance Corp. International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 03/15/27 | 1500000 | &nbsp;&nbsp;&nbsp; 1993590 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 03/13/28 | 1400000 | &nbsp;&nbsp;&nbsp; 1550478 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 11/06/28 | 800000 | &nbsp;&nbsp;&nbsp; 746432 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 05/07/30 (EUR) | 1200000 | &nbsp;&nbsp;&nbsp; 1859522 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 01/13/31 (EUR) | 800000 | &nbsp;&nbsp;&nbsp; 869278 |
| Merrill Lynch BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.100%, 04/28/30 (EUR) | 1000000 | &nbsp;&nbsp;&nbsp; 1034733 |
|  |  | &nbsp;&nbsp;&nbsp; 13561273 |
| **Electric — 3.1%** | **Electric — 3.1%** | **Electric — 3.1%** |
| Alliant Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 05/30/28 (144A) | 2904000 | &nbsp;&nbsp;&nbsp; 3076711 |
| CenterPoint Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 08/15/26 | 3677000 | &nbsp;&nbsp;&nbsp; 4355406 |
| CMS Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 05/01/28 | 3712000 | &nbsp;&nbsp;&nbsp; 4194560 |
| Evergy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/15/27 | 3831000 | &nbsp;&nbsp;&nbsp; 5168019 |
| Exelon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 03/15/29 (144A) | 1161000 | &nbsp;&nbsp;&nbsp; 1199984 |
| FirstEnergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 01/15/31 (144A) | 4096000 | &nbsp;&nbsp;&nbsp; 4722688 |
| Iberdrola Finanzas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.800%, 12/07/27 (EUR) | 800000 | &nbsp;&nbsp;&nbsp; 1387391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 03/27/30 (EUR) | 700000 | &nbsp;&nbsp;&nbsp; 935038 |
| Pinnacle West Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 06/15/27 | 675000 | &nbsp;&nbsp;&nbsp; 772875 |
| PPL Capital Funding, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 03/15/28 | 2503000 | &nbsp;&nbsp;&nbsp; 2932265 |
| Southern Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/15/27 | 6002000 | &nbsp;&nbsp;&nbsp; 6666978 |
| WEC Energy Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 06/01/29 | 5626000 | &nbsp;&nbsp;&nbsp; 6959362 |
|  |  | &nbsp;&nbsp;&nbsp; 42371277 |
| **Electrical Components & Equipment — 0.6%** | **Electrical Components & Equipment — 0.6%** | **Electrical Components & Equipment — 0.6%** |
| Legrand SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 06/23/33 (EUR) | 2300000 | &nbsp;&nbsp;&nbsp; 2874592 |
| Schneider Electric SE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.970%, 11/27/30 (EUR) | 3900000 | &nbsp;&nbsp;&nbsp; 5590050 |
|  |  | &nbsp;&nbsp;&nbsp; 8464642 |
| **Electronics — 0.2%** | **Electronics — 0.2%** | **Electronics — 0.2%** |
| Avnet, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 09/01/30 (144A) (b) | 768000 | &nbsp;&nbsp;&nbsp; 832512 |
| Hon Hai Precision Industry Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 08/05/26 | 2100000 | &nbsp;&nbsp;&nbsp; 2464875 |
|  |  | &nbsp;&nbsp;&nbsp; 3297387 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Engineering & Construction — 0.8%** | **Engineering & Construction — 0.8%** | **Engineering & Construction — 0.8%** |
| Cellnex Telecom SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.500%, 07/05/28 (EUR) | 4100000 | &nbsp;&nbsp;&nbsp; $4969680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.125%, 08/11/30 (EUR) | 2600000 | &nbsp;&nbsp;&nbsp; 3153840 |
| Ferrovial SE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.750%, 05/20/31 (EUR) | 1000000 | &nbsp;&nbsp;&nbsp; 1160684 |
| Vinci SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.700%, 02/18/30 (EUR) | 1900000 | &nbsp;&nbsp;&nbsp; 2336866 |
|  |  | &nbsp;&nbsp;&nbsp; 11621070 |
| **Gas — 0.1%** | **Gas — 0.1%** | **Gas — 0.1%** |
| Snam SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 01/14/31 (EUR) | 1000000 | &nbsp;&nbsp;&nbsp; 1152811 |
| **Healthcare-Products — 0.1%** | **Healthcare-Products — 0.1%** | **Healthcare-Products — 0.1%** |
| Envista Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 08/15/28 | 1346000 | &nbsp;&nbsp;&nbsp; 1335064 |
| **Healthcare-Services — 0.1%** | **Healthcare-Services — 0.1%** | **Healthcare-Services — 0.1%** |
| Fresenius SE & Co. KGaA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 03/11/28 (EUR) | 900000 | &nbsp;&nbsp;&nbsp; 1005239 |
| **Home Builders — 0.1%** | **Home Builders — 0.1%** | **Home Builders — 0.1%** |
| Meritage Homes Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 05/15/28 | 1706000 | &nbsp;&nbsp;&nbsp; 1642878 |
| **Internet — 2.2%** | **Internet — 2.2%** | **Internet — 2.2%** |
| Alibaba Group Holding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/09/32 (HKD) | 23000000 | &nbsp;&nbsp;&nbsp; 3030021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.500%, 06/01/31 | 5509000 | &nbsp;&nbsp;&nbsp; 7640983 |
| Baidu, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 03/12/32 | 4600000 | &nbsp;&nbsp;&nbsp; 4192900 |
| JD.com, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.250%, 06/01/29 | 4169000 | &nbsp;&nbsp;&nbsp; 4146070 |
| Meituan |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 04/27/28 | 2900000 | &nbsp;&nbsp;&nbsp; 2909204 |
| Uber Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 05/15/28 (144A) | 2459000 | &nbsp;&nbsp;&nbsp; 2397525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.875%, 12/01/28 | 4434000 | &nbsp;&nbsp;&nbsp; 5331885 |
| Weibo Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 12/01/30 | 781000 | &nbsp;&nbsp;&nbsp; 822784 |
|  |  | &nbsp;&nbsp;&nbsp; 30471372 |
| **Investment Companies — 0.3%** | **Investment Companies — 0.3%** | **Investment Companies — 0.3%** |
| HAT Holdings I LLC/HAT Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 08/15/28 (144A) | 1181000 | &nbsp;&nbsp;&nbsp; 1677611 |
| Simon Global Development BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/14/26 (EUR) | 2100000 | &nbsp;&nbsp;&nbsp; 2903861 |
|  |  | &nbsp;&nbsp;&nbsp; 4581472 |
| **Iron/Steel — 0.1%** | **Iron/Steel — 0.1%** | **Iron/Steel — 0.1%** |
| JFE Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 09/28/28 (JPY) | 300000000 | &nbsp;&nbsp;&nbsp; 1864308 |
| **Lodging — 0.1%** | **Lodging — 0.1%** | **Lodging — 0.1%** |
| Accor SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.700%, 12/07/27 (EUR) | 3101600 | &nbsp;&nbsp;&nbsp; 1877273 |

---

**BHFTI-177**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

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

**Convertible Bonds—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Mining — 0.7%** | **Mining — 0.7%** | **Mining — 0.7%** |
| Gold Pole Capital Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.000%, 06/25/29 | 5000000 | &nbsp;&nbsp;&nbsp; $9110000 |
| **Oil & Gas — 0.6%** | **Oil & Gas — 0.6%** | **Oil & Gas — 0.6%** |
| Deep Development Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.750%, 05/20/32 (HKD) | 21000000 | &nbsp;&nbsp;&nbsp; 2836173 |
| Eni SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 09/14/30 (EUR) (e) | 2900000 | &nbsp;&nbsp;&nbsp; 4811042 |
|  |  | &nbsp;&nbsp;&nbsp; 7647215 |
| **Pharmaceuticals — 0.4%** | **Pharmaceuticals — 0.4%** | **Pharmaceuticals — 0.4%** |
| Zoetis, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.250%, 06/15/29 (144A) | 4986000 | &nbsp;&nbsp;&nbsp; 4948605 |
| **Real Estate — 0.7%** | **Real Estate — 0.7%** | **Real Estate — 0.7%** |
| Fastighets AB Balder |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/23/28 (EUR) | 1400000 | &nbsp;&nbsp;&nbsp; 1695240 |
| LEG Properties BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.000%, 09/04/30 (EUR) | 2200000 | &nbsp;&nbsp;&nbsp; 2454873 |
| TAG Immobilien AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.625%, 03/11/31 (EUR) | 1700000 | &nbsp;&nbsp;&nbsp; 2019532 |
| Vonovia SE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.875%, 05/20/32 (EUR) | 3400000 | &nbsp;&nbsp;&nbsp; 3722131 |
|  |  | &nbsp;&nbsp;&nbsp; 9891776 |
| **Real Estate Investment Trusts — 2.0%** | **Real Estate Investment Trusts — 2.0%** | **Real Estate Investment Trusts — 2.0%** |
| Boston Properties LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/30 (144A) | 2592000 | &nbsp;&nbsp;&nbsp; 2352240 |
| CIP Funding Pty. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/03/30 (AUD) | 900000 | &nbsp;&nbsp;&nbsp; 609468 |
| COPT Defense Properties LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 09/15/28 (144A) | 1207000 | &nbsp;&nbsp;&nbsp; 1400966 |
| DEXUS Finance Pty. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/24/27 (AUD) | 900000 | &nbsp;&nbsp;&nbsp; 634306 |
| Digital Realty Trust LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 11/15/29 (144A) | 3184000 | &nbsp;&nbsp;&nbsp; 3370679 |
| Federal Realty OP LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 01/15/29 (144A) (b) | 1359000 | &nbsp;&nbsp;&nbsp; 1389010 |
| Realty Income Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/15/29 (144A) | 2147000 | &nbsp;&nbsp;&nbsp; 2191013 |
| Rexford Industrial Realty LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 03/15/29 (144A) | 2934000 | &nbsp;&nbsp;&nbsp; 2876787 |
| Ventas Realty LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 06/01/26 | 1649000 | &nbsp;&nbsp;&nbsp; 2451898 |
| Welltower OP LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 05/15/28 (144A) | 2829000 | &nbsp;&nbsp;&nbsp; 5867346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 07/15/29 (144A) | 2521000 | &nbsp;&nbsp;&nbsp; 3990233 |
|  |  | &nbsp;&nbsp;&nbsp; 27133946 |
| **Retail — 0.3%** | **Retail — 0.3%** | **Retail — 0.3%** |
| Anllian Capital 2 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 12/05/29 (EUR) | 3900000 | &nbsp;&nbsp;&nbsp; 4376069 |
| **Semiconductors — 1.0%** | **Semiconductors — 1.0%** | **Semiconductors — 1.0%** |
| SK Hynix, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 04/11/30 | 1800000 | &nbsp;&nbsp;&nbsp; 11475000 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Semiconductors—(Continued)** | **Semiconductors—(Continued)** | **Semiconductors—(Continued)** |
| STMicroelectronics NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 08/04/27 | 2000000 | &nbsp;&nbsp;&nbsp; $2032102 |
|  |  | &nbsp;&nbsp;&nbsp; 13507102 |
| **Software — 1.0%** | **Software — 1.0%** | **Software — 1.0%** |
| Akamai Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.250%, 05/15/33 (144A) (b) | 3893000 | &nbsp;&nbsp;&nbsp; 5391805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.375%, 09/01/27 (b) | 3989000 | &nbsp;&nbsp;&nbsp; 4621256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 02/15/29 | 3007000 | &nbsp;&nbsp;&nbsp; 3436400 |
|  |  | &nbsp;&nbsp;&nbsp; 13449461 |
| **Telecommunications — 0.1%** | **Telecommunications — 0.1%** | **Telecommunications — 0.1%** |
| Xiaomi Best Time International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 12/17/27 | 1600000 | &nbsp;&nbsp;&nbsp; 1664800 |
| **Water — 0.2%** | **Water — 0.2%** | **Water — 0.2%** |
| American Water Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 06/15/26 | 2650000 | &nbsp;&nbsp;&nbsp; 2644170 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Convertible Bonds <br>(Cost $238,096,142) <br>|  | &nbsp;&nbsp;&nbsp; 256099659 |
| **Corporate Bonds & Notes—12.1%** | **Corporate Bonds & Notes—12.1%** | **Corporate Bonds & Notes—12.1%** |
| **Aerospace/Defense — 0.2%** | **Aerospace/Defense — 0.2%** | **Aerospace/Defense — 0.2%** |
| BAE Systems PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.900%, 02/15/31 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 176255 |
| Boeing Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 03/01/28 | 100000 | &nbsp;&nbsp;&nbsp; 97841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.825%, 03/01/59 | 79000 | &nbsp;&nbsp;&nbsp; 52874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 08/01/59 | 325000 | &nbsp;&nbsp;&nbsp; 224240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 05/01/30 | 150000 | &nbsp;&nbsp;&nbsp; 152511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.805%, 05/01/50 | 80000 | &nbsp;&nbsp;&nbsp; 77338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.528%, 05/01/34 | 65000 | &nbsp;&nbsp;&nbsp; 70807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.008%, 05/01/64 | 76000 | &nbsp;&nbsp;&nbsp; 84020 |
| GE Capital Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 05/15/32 | 200000 | &nbsp;&nbsp;&nbsp; 199443 |
| Honeywell Aerospace, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 03/16/33 (144A) | 380000 | &nbsp;&nbsp;&nbsp; 375641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 03/16/36 (144A) | 385000 | &nbsp;&nbsp;&nbsp; 381998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.732%, 03/16/56 (144A) | 280000 | &nbsp;&nbsp;&nbsp; 276766 |
| Howmet Aerospace, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 04/15/36 | 115000 | &nbsp;&nbsp;&nbsp; 111798 |
| L3Harris Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 06/01/31 | 80000 | &nbsp;&nbsp;&nbsp; 81858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 07/31/33 | 100000 | &nbsp;&nbsp;&nbsp; 102599 |
| Lockheed Martin Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 11/15/54 (b) | 150000 | &nbsp;&nbsp;&nbsp; 149762 |
| RTX Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.900%, 09/01/31 | 347000 | &nbsp;&nbsp;&nbsp; 301981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 05/15/45 | 253000 | &nbsp;&nbsp;&nbsp; 206815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 10/15/40 | 240000 | &nbsp;&nbsp;&nbsp; 227743 |
|  |  | &nbsp;&nbsp;&nbsp; 3352290 |

---

**BHFTI-178**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agriculture — 0.4%** | **Agriculture — 0.4%** | **Agriculture — 0.4%** |
| Altria Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.450%, 02/04/32 | 360000 | &nbsp;&nbsp;&nbsp; $315896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 02/04/41 | 274000 | &nbsp;&nbsp;&nbsp; 206820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 02/06/35 | 210000 | &nbsp;&nbsp;&nbsp; 215089 |
| BAT Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.734%, 09/25/40 | 229000 | &nbsp;&nbsp;&nbsp; 182007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.390%, 08/15/37 | 151000 | &nbsp;&nbsp;&nbsp; 137189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.540%, 08/15/47 | 141000 | &nbsp;&nbsp;&nbsp; 114482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.834%, 02/20/31 | 89000 | &nbsp;&nbsp;&nbsp; 93136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.079%, 08/02/43 | 234000 | &nbsp;&nbsp;&nbsp; 257208 |
| Bunge Ltd. Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 04/21/31 | 200000 | &nbsp;&nbsp;&nbsp; 186539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 09/17/34 (b) | 156000 | &nbsp;&nbsp;&nbsp; 151031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 03/19/33 | 275000 | &nbsp;&nbsp;&nbsp; 271449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 03/19/36 | 350000 | &nbsp;&nbsp;&nbsp; 345248 |
| Imperial Brands Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/30 (144A) | 560000 | &nbsp;&nbsp;&nbsp; 574361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 07/01/34 (144A) (b) | 440000 | &nbsp;&nbsp;&nbsp; 452554 |
| Japan Tobacco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 06/15/35 (144A) (b) | 205000 | &nbsp;&nbsp;&nbsp; 215125 |
| Philip Morris International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 08/21/42 | 59000 | &nbsp;&nbsp;&nbsp; 47347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 10/29/35 | 435000 | &nbsp;&nbsp;&nbsp; 418457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 11/01/31 | 285000 | &nbsp;&nbsp;&nbsp; 286296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 02/15/33 | 347000 | &nbsp;&nbsp;&nbsp; 356627 |
|  |  | &nbsp;&nbsp;&nbsp; 4826861 |
| **Airlines — 0.2%** | **Airlines — 0.2%** | **Airlines — 0.2%** |
| Air Canada Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.550%, 07/15/31 (144A) | 431200 | &nbsp;&nbsp;&nbsp; 409868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 09/15/28 (144A) | 62735 | &nbsp;&nbsp;&nbsp; 61866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 06/15/29 (144A) | 325138 | &nbsp;&nbsp;&nbsp; 321150 |
| American Airlines Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 12/15/29 | 233800 | &nbsp;&nbsp;&nbsp; 227782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 03/22/29 | 105243 | &nbsp;&nbsp;&nbsp; 103977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 07/15/29 | 73991 | &nbsp;&nbsp;&nbsp; 72659 |
| British Airways Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 06/15/34 (144A) | 91230 | &nbsp;&nbsp;&nbsp; 86284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 03/20/33 (144A) | 274534 | &nbsp;&nbsp;&nbsp; 265308 |
| Delta Air Lines Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 01/30/29 | 70445 | &nbsp;&nbsp;&nbsp; 69586 |
| United Airlines Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.450%, 06/01/29 | 270323 | &nbsp;&nbsp;&nbsp; 264943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 09/01/31 | 43463 | &nbsp;&nbsp;&nbsp; 41757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 02/25/33 | 137550 | &nbsp;&nbsp;&nbsp; 134543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 08/15/38 | 182311 | &nbsp;&nbsp;&nbsp; 185765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 08/15/38 | 202985 | &nbsp;&nbsp;&nbsp; 208558 |
|  |  | &nbsp;&nbsp;&nbsp; 2454046 |
| **Auto Manufacturers — 0.2%** | **Auto Manufacturers — 0.2%** | **Auto Manufacturers — 0.2%** |
| Ford Motor Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 02/12/32 | 383000 | &nbsp;&nbsp;&nbsp; 332655 |
| Ford Motor Credit Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 03/08/29 | 405000 | &nbsp;&nbsp;&nbsp; 409568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.200%, 06/10/30 | 214000 | &nbsp;&nbsp;&nbsp; 225412 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Auto Manufacturers—(Continued)** | **Auto Manufacturers—(Continued)** | **Auto Manufacturers—(Continued)** |
| General Motors Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 04/01/49 | 76000 | &nbsp;&nbsp;&nbsp; $71115 |
| General Motors Financial Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 01/08/36 (b) | 180000 | &nbsp;&nbsp;&nbsp; 177306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 01/07/35 | 290000 | &nbsp;&nbsp;&nbsp; 295187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 04/04/34 | 169000 | &nbsp;&nbsp;&nbsp; 173650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 01/07/34 | 169000 | &nbsp;&nbsp;&nbsp; 175549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 07/15/35 | 80000 | &nbsp;&nbsp;&nbsp; 82727 |
| Stellantis Finance U.S., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.450%, 03/18/35 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 197013 |
| Volkswagen Group of America Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 03/27/35 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 199883 |
|  |  | &nbsp;&nbsp;&nbsp; 2340065 |
| **Auto Parts & Equipment — 0.0%** | **Auto Parts & Equipment — 0.0%** | **Auto Parts & Equipment — 0.0%** |
| Qnity Electronics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 08/15/32 (144A) | 101000 | &nbsp;&nbsp;&nbsp; 101120 |
| **Banks — 3.7%** | **Banks — 3.7%** | **Banks — 3.7%** |
| ABN AMRO Bank NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.470%, 1Y H15 + 1.100%, 12/13/29 (144A) (f) | 300000 | &nbsp;&nbsp;&nbsp; 283957 |
| AIB Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.320%, SOFR + 1.650%, 05/15/31 (144A) (f) | 461000 | &nbsp;&nbsp;&nbsp; 469289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.608%, SOFR + 2.330%, 09/13/29 (144A) (f) | 200000 | &nbsp;&nbsp;&nbsp; 209318 |
| Banco Bilbao Vizcaya Argentaria SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.127%, 03/03/36 | 400000 | &nbsp;&nbsp;&nbsp; 389085 |
| Banco Santander SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.588%, 08/08/28 (b) | 400000 | &nbsp;&nbsp;&nbsp; 409729 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.687%, SOFR + 1.320%, 04/22/32 (f) | 1040000 | &nbsp;&nbsp;&nbsp; 942467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.846%, 5Y H15 + 2.000%, 03/08/37 (b) (f) | 107000 | &nbsp;&nbsp;&nbsp; 99114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.974%, 3M TSFR + 1.472%, 02/07/30 (f) | 1067000 | &nbsp;&nbsp;&nbsp; 1052319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.571%, SOFR + 1.830%, 04/27/33 (f) | 85000 | &nbsp;&nbsp;&nbsp; 83514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.045%, SOFR + 1.130%, 02/06/37 (b) (f) | 1038000 | &nbsp;&nbsp;&nbsp; 1024192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.202%, SOFR + 1.630%, 04/25/29 (f) | 898000 | &nbsp;&nbsp;&nbsp; 910787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.288%, SOFR + 1.910%, 04/25/34 (f) | 205000 | &nbsp;&nbsp;&nbsp; 207492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.511%, SOFR + 1.310%, 01/24/36 (f) | 240000 | &nbsp;&nbsp;&nbsp; 244747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.518%, SOFR + 1.738%, 10/25/35 (f) | 115000 | &nbsp;&nbsp;&nbsp; 114997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 5Y H15 + 2.351%, 07/26/30 (f) | 193000 | &nbsp;&nbsp;&nbsp; 194162 |
| Bank of Ireland Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.601%, SOFR + 1.620%, 03/20/30 (144A) (f) | 460000 | &nbsp;&nbsp;&nbsp; 471744 |
| Bank of New York Mellon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.474%, SOFR + 1.845%, 10/25/34 (f) | 150000 | &nbsp;&nbsp;&nbsp; 163953 |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.813%, SOFR + 1.045%, 02/02/34 (f) | 100000 | &nbsp;&nbsp;&nbsp; 98580 |
| Banque Federative du Credit Mutuel SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.541%, 01/15/31 (144A) (b) | 200000 | &nbsp;&nbsp;&nbsp; 197233 |
| Barclays PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.207%, SOFR + 1.506%, 02/24/37 (b) (f) | 565000 | &nbsp;&nbsp;&nbsp; 546799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.224%, SOFR + 2.980%, 05/09/34 (f) | 230000 | &nbsp;&nbsp;&nbsp; 241202 |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.132%, SOFR + 1.561%, 01/20/33 (144A) (f) | 270000 | &nbsp;&nbsp;&nbsp; 242719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.792%, SOFR + 1.450%, 05/09/29 (144A) (f) | 200000 | &nbsp;&nbsp;&nbsp; 200711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.335%, 1Y H15 + 1.500%, 06/12/29 (144A) (f) | 205000 | &nbsp;&nbsp;&nbsp; 208303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.497%, SOFR + 1.590%, 05/20/30 (144A) (f) | 260000 | &nbsp;&nbsp;&nbsp; 266244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.786%, SOFR + 1.620%, 01/13/33 (144A) (f) | 200000 | &nbsp;&nbsp;&nbsp; 206604 |

---

**BHFTI-179**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

**Consolidated 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)** |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 5Y H15 + 4.899%, 08/16/29 (144A) (f) | 300000 | &nbsp;&nbsp;&nbsp; $309446 |
| BPCE SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.760%, SOFR + 1.267%, 01/13/32 (144A) (f) | 250000 | &nbsp;&nbsp;&nbsp; 246536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.027%, SOFR + 1.956%, 05/28/36 (144A) (f) | 250000 | &nbsp;&nbsp;&nbsp; 255607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.293%, SOFR + 2.040%, 01/14/36 (144A) (f) | 250000 | &nbsp;&nbsp;&nbsp; 261660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.714%, SOFR + 2.270%, 10/19/29 (144A) (f) | 250000 | &nbsp;&nbsp;&nbsp; 261517 |
| CaixaBank SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.684%, SOFR + 2.080%, 09/13/27 (144A) (f) | 288000 | &nbsp;&nbsp;&nbsp; 290685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.840%, SOFR + 2.770%, 09/13/34 (144A) (f) | 808000 | &nbsp;&nbsp;&nbsp; 879985 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.520%, SOFR + 1.177%, 11/03/32 (f) | 578000 | &nbsp;&nbsp;&nbsp; 509635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.561%, SOFR + 1.167%, 05/01/32 (f) | 240000 | &nbsp;&nbsp;&nbsp; 214690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.980%, 3M TSFR + 1.600%, 03/20/30 (f) | 667000 | &nbsp;&nbsp;&nbsp; 656235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.503%, SOFR + 1.171%, 09/11/31 (f) | 319000 | &nbsp;&nbsp;&nbsp; 315374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.542%, SOFR + 1.338%, 09/19/30 (f) | 102000 | &nbsp;&nbsp;&nbsp; 101646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.952%, SOFR + 1.463%, 05/07/31 (b) (f) | 600000 | &nbsp;&nbsp;&nbsp; 603889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.174%, SOFR + 1.488%, 09/11/36 (b) (f) | 450000 | &nbsp;&nbsp;&nbsp; 446082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.333%, SOFR + 1.465%, 03/27/36 (f) | 289000 | &nbsp;&nbsp;&nbsp; 289880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.827%, SOFR + 2.056%, 02/13/35 (f) | 203000 | &nbsp;&nbsp;&nbsp; 205667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 5Y H15 + 2.572%, 02/15/30 (f) | 290000 | &nbsp;&nbsp;&nbsp; 289869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 5Y H15 + 2.890%, 08/15/30 (f) | 168000 | &nbsp;&nbsp;&nbsp; 169186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.950%, 5Y H15 + 2.726%, 02/15/30 (f) | 187000 | &nbsp;&nbsp;&nbsp; 188389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 5Y H15 + 2.693%, 08/15/29 (f) | 64000 | &nbsp;&nbsp;&nbsp; 64629 |
| Credit Agricole SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.656%, SOFR + 1.170%, 01/12/32 (144A) (f) | 250000 | &nbsp;&nbsp;&nbsp; 246563 |
| Danske Bank AS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.613%, 1Y H15 + 1.100%, 10/02/30 (144A) (f) | 200000 | &nbsp;&nbsp;&nbsp; 199409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.705%, 1Y H15 + 1.400%, 03/01/30 (144A) (f) | 200000 | &nbsp;&nbsp;&nbsp; 205702 |
| Deutsche Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.469%, SOFR + 1.100%, 12/10/31 (b) (f) | 150000 | &nbsp;&nbsp;&nbsp; 147485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.725%, SOFR + 1.135%, 02/06/32 (f) | 150000 | &nbsp;&nbsp;&nbsp; 147717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, SOFR + 1.300%, 08/04/31 (f) | 490000 | &nbsp;&nbsp;&nbsp; 488154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.297%, SOFR + 1.720%, 05/09/31 (f) | 525000 | &nbsp;&nbsp;&nbsp; 530418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.373%, SOFR + 1.210%, 01/10/29 (f) | 155000 | &nbsp;&nbsp;&nbsp; 156785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.819%, SOFR + 2.510%, 11/20/29 (f) | 150000 | &nbsp;&nbsp;&nbsp; 157495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.079%, SOFR + 3.650%, 02/10/34 (f) | 225000 | &nbsp;&nbsp;&nbsp; 241106 |
| Fifth Third Bancorp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.337%, SOFR + 1.660%, 04/25/33 (b) (f) | 120000 | &nbsp;&nbsp;&nbsp; 115641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.566%, SOFR + 0.950%, 04/29/32 (f) | 125000 | &nbsp;&nbsp;&nbsp; 122531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.141%, SOFR + 1.240%, 01/29/37 (f) | 75000 | &nbsp;&nbsp;&nbsp; 73059 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.383%, SOFR + 1.248%, 07/21/32 (f) | 400000 | &nbsp;&nbsp;&nbsp; 353109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.017%, 3M TSFR + 1.635%, 10/31/38 (f) | 322000 | &nbsp;&nbsp;&nbsp; 281091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.369%, SOFR + 1.060%, 10/21/31 (b) (f) | 290000 | &nbsp;&nbsp;&nbsp; 284353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.411%, 3M TSFR + 1.692%, 04/23/39 (f) | 140000 | &nbsp;&nbsp;&nbsp; 125381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.516%, SOFR + 0.960%, 01/21/32 (f) | 490000 | &nbsp;&nbsp;&nbsp; 482573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.692%, SOFR + 1.135%, 10/23/30 (f) | 232000 | &nbsp;&nbsp;&nbsp; 232182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.939%, SOFR + 1.330%, 10/21/36 (f) | 95000 | &nbsp;&nbsp;&nbsp; 92000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.065%, SOFR + 1.190%, 01/21/37 (f) | 292000 | &nbsp;&nbsp;&nbsp; 285480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.207%, SOFR + 1.078%, 01/28/31 (b) (f) | 305000 | &nbsp;&nbsp;&nbsp; 309891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.218%, SOFR + 1.580%, 04/23/31 (f) | 829000 | &nbsp;&nbsp;&nbsp; 842981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.330%, SOFR + 1.550%, 07/23/35 (f) | 693000 | &nbsp;&nbsp;&nbsp; 695347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.387%, 5Y H15 + 1.180%, 02/02/41 (f) | 410000 | &nbsp;&nbsp;&nbsp; 396122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.536%, SOFR + 1.380%, 01/28/36 (f) | 91000 | &nbsp;&nbsp;&nbsp; 92500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.541%, SOFR + 1.320%, 01/21/47 (f) | 110000 | &nbsp;&nbsp;&nbsp; 104825 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.484%, SOFR + 1.770%, 10/24/29 (f) | 1448000 | &nbsp;&nbsp;&nbsp; $1514817 |
| HSBC Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.675%, SOFR + 1.210%, 03/10/32 (f) | 730000 | &nbsp;&nbsp;&nbsp; 720326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.130%, SOFR + 1.040%, 11/19/28 (f) | 230000 | &nbsp;&nbsp;&nbsp; 231677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.210%, SOFR + 2.610%, 08/11/28 (b) (f) | 310000 | &nbsp;&nbsp;&nbsp; 312505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.240%, SOFR + 1.570%, 05/13/31 (f) | 1250000 | &nbsp;&nbsp;&nbsp; 1267606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.279%, SOFR + 1.550%, 03/10/37 (b) (f) | 495000 | &nbsp;&nbsp;&nbsp; 486109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.286%, SOFR + 1.290%, 11/19/30 (f) | 200000 | &nbsp;&nbsp;&nbsp; 203630 |
| Huntington Bancshares, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.272%, SOFR + 1.276%, 01/15/31 (f) | 50000 | &nbsp;&nbsp;&nbsp; 50758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.709%, SOFR + 1.870%, 02/02/35 (f) | 200000 | &nbsp;&nbsp;&nbsp; 204083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.208%, SOFR + 2.020%, 08/21/29 (f) | 154000 | &nbsp;&nbsp;&nbsp; 159763 |
| ING Groep NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.657%, SOFR + 1.010%, 03/25/29 (f) | 355000 | &nbsp;&nbsp;&nbsp; 355955 |
| Intesa Sanpaolo SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 1Y H15 + 2.750%, 06/01/42 (144A) (f) | 435000 | &nbsp;&nbsp;&nbsp; 364314 |
| KBC Group NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.454%, 1Y H15 + 0.850%, 09/23/31 (144A) (f) | 200000 | &nbsp;&nbsp;&nbsp; 196872 |
| Keybank National Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 04/13/29 (b) | 339000 | &nbsp;&nbsp;&nbsp; 330726 |
| KeyCorp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.789%, SOFR + 2.060%, 06/01/33 (f) | 256000 | &nbsp;&nbsp;&nbsp; 250165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.121%, SOFR + 1.227%, 04/04/31 (f) | 85000 | &nbsp;&nbsp;&nbsp; 85839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.305%, SOFR + 1.367%, 01/28/37 (f) | 35000 | &nbsp;&nbsp;&nbsp; 34277 |
| Lloyds Banking Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.943%, 1Y H15 + 0.970%, 11/04/36 (f) | 200000 | &nbsp;&nbsp;&nbsp; 193039 |
| M&T Bank Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.385%, SOFR + 1.610%, 01/16/36 (f) | 152000 | &nbsp;&nbsp;&nbsp; 150749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.082%, SOFR + 2.260%, 03/13/32 (b) (f) | 324000 | &nbsp;&nbsp;&nbsp; 339644 |
| Mellon Capital IV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.512%, 3M TSFR + 0.827%, 01/30/26 (f) | 72000 | &nbsp;&nbsp;&nbsp; 59544 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.505%, 1Y H15 + 0.800%, 01/14/32 (f) | 275000 | &nbsp;&nbsp;&nbsp; 271015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.527%, 1Y H15 + 0.800%, 09/12/31 (f) | 270000 | &nbsp;&nbsp;&nbsp; 267464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.159%, 1Y H15 + 1.170%, 04/24/31 (f) | 200000 | &nbsp;&nbsp;&nbsp; 202846 |
| Mizuho Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.869%, 3M TSFR + 1.572%, 09/13/30 (f) | 200000 | &nbsp;&nbsp;&nbsp; 188571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.323%, 1Y H15 + 1.070%, 07/08/36 (f) | 200000 | &nbsp;&nbsp;&nbsp; 200885 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.794%, SOFR + 1.034%, 02/13/32 (f) | 440000 | &nbsp;&nbsp;&nbsp; 381013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.484%, SOFR + 1.360%, 09/16/36 (f) | 778000 | &nbsp;&nbsp;&nbsp; 669382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.511%, SOFR + 1.200%, 10/20/32 (f) | 338000 | &nbsp;&nbsp;&nbsp; 298434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.356%, SOFR + 1.074%, 10/22/31 (f) | 206000 | &nbsp;&nbsp;&nbsp; 201878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.493%, SOFR + 0.950%, 01/16/32 (f) | 160000 | &nbsp;&nbsp;&nbsp; 157310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.654%, SOFR + 1.100%, 10/18/30 (f) | 364000 | &nbsp;&nbsp;&nbsp; 363850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.708%, SOFR + 1.195%, 03/12/32 (f) | 825000 | &nbsp;&nbsp;&nbsp; 819445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.892%, SOFR + 1.314%, 10/22/36 (f) | 249000 | &nbsp;&nbsp;&nbsp; 240710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.042%, SOFR + 1.215%, 07/19/30 (f) | 219000 | &nbsp;&nbsp;&nbsp; 221533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.073%, SOFR + 1.184%, 01/30/37 (b) (f) | 437000 | &nbsp;&nbsp;&nbsp; 428137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.192%, SOFR + 1.510%, 04/17/31 (f) | 198000 | &nbsp;&nbsp;&nbsp; 200949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.230%, SOFR + 1.108%, 01/15/31 (b) (f) | 280000 | &nbsp;&nbsp;&nbsp; 284307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.314%, 5Y H15 + 1.170%, 01/18/41 (f) | 125000 | &nbsp;&nbsp;&nbsp; 120665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.320%, SOFR + 1.555%, 07/19/35 (f) | 65000 | &nbsp;&nbsp;&nbsp; 65225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.466%, SOFR + 1.730%, 01/18/35 (b) (f) | 222000 | &nbsp;&nbsp;&nbsp; 225669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.656%, SOFR + 1.260%, 04/18/30 (f) | 280000 | &nbsp;&nbsp;&nbsp; 288042 |

---

**BHFTI-180**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

**Consolidated 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)** |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, SOFR + 1.782%, 03/13/47 (f) | 75000 | &nbsp;&nbsp;&nbsp; $74652 |
| Morgan Stanley Private Bank NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.465%, SOFR + 1.020%, 11/19/31 (f) | 300000 | &nbsp;&nbsp;&nbsp; 295344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.734%, SOFR + 1.080%, 07/18/31 (f) | 285000 | &nbsp;&nbsp;&nbsp; 284117 |
| NatWest Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.076%, 01/27/30 | 200000 | &nbsp;&nbsp;&nbsp; 202203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 5Y H15 + 3.752%, 11/10/33 (f) | 200000 | &nbsp;&nbsp;&nbsp; 216505 |
| NatWest Markets PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.412%, 11/06/30 (144A) | 260000 | &nbsp;&nbsp;&nbsp; 256450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.410%, 05/17/29 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 205326 |
| PNC Financial Services Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 5Y H15 + 2.595%, 09/15/26 (f) | 7000 | &nbsp;&nbsp;&nbsp; 6889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.068%, SOFR + 1.933%, 01/24/34 (f) | 209000 | &nbsp;&nbsp;&nbsp; 208956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.373%, SOFR + 1.417%, 07/21/36 (b) (f) | 190000 | &nbsp;&nbsp;&nbsp; 190829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.423%, 5Y H15 + 1.170%, 01/25/41 (f) | 175000 | &nbsp;&nbsp;&nbsp; 171439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, SOFR + 2.284%, 10/20/34 (f) | 279000 | &nbsp;&nbsp;&nbsp; 308231 |
| Royal Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, SOFR + 1.080%, 10/18/30 (f) | 100000 | &nbsp;&nbsp;&nbsp; 100234 |
| Santander Holdings USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.174%, SOFR + 2.500%, 01/09/30 (f) | 215000 | &nbsp;&nbsp;&nbsp; 222147 |
| Santander U.K. Group Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.858%, SOFR + 1.554%, 09/11/30 (f) | 635000 | &nbsp;&nbsp;&nbsp; 636381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.694%, SOFR + 1.524%, 04/15/31 (f) | 300000 | &nbsp;&nbsp;&nbsp; 308546 |
| Societe Generale SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, SOFR + 1.601%, 04/10/37 (144A) (f) | 250000 | &nbsp;&nbsp;&nbsp; 241857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.439%, SOFR + 1.730%, 10/03/36 (144A) (f) | 200000 | &nbsp;&nbsp;&nbsp; 195678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.512%, SOFR + 1.650%, 05/22/31 (144A) (b) (f) | 315000 | &nbsp;&nbsp;&nbsp; 321573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.446%, 1Y H15 + 2.550%, 01/10/29 (144A) (f) | 200000 | &nbsp;&nbsp;&nbsp; 205862 |
| Standard Chartered PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.018%, 1Y H15 + 2.200%, 02/08/30 (144A) (f) | 585000 | &nbsp;&nbsp;&nbsp; 621090 |
| State Street Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.784%, SOFR + 1.215%, 10/23/36 (f) | 45000 | &nbsp;&nbsp;&nbsp; 43737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 5Y H15 + 2.628%, 09/15/29 (f) | 249000 | &nbsp;&nbsp;&nbsp; 255856 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.494%, SOFR + 1.020%, 01/15/32 (f) | 200000 | &nbsp;&nbsp;&nbsp; 196961 |
| Toronto-Dominion Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.928%, 10/15/35 | 200000 | &nbsp;&nbsp;&nbsp; 196770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.298%, 01/30/32 | 80000 | &nbsp;&nbsp;&nbsp; 82170 |
| Truist Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.964%, SOFR + 1.395%, 10/23/36 (b) (f) | 330000 | &nbsp;&nbsp;&nbsp; 319640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.122%, SOFR + 1.852%, 01/26/34 (f) | 520000 | &nbsp;&nbsp;&nbsp; 518601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.161%, SOFR + 2.446%, 10/30/29 (f) | 117000 | &nbsp;&nbsp;&nbsp; 124352 |
| U.S. Bancorp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.083%, SOFR + 1.296%, 05/15/31 (f) | 90000 | &nbsp;&nbsp;&nbsp; 91292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.836%, SOFR + 2.260%, 06/12/34 (f) | 258000 | &nbsp;&nbsp;&nbsp; 269282 |
| UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.398%, SOFR + 1.060%, 09/23/31 (144A) (f) | 200000 | &nbsp;&nbsp;&nbsp; 196348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.844%, SOFR + 1.290%, 11/06/33 (144A) (b) (f) | 435000 | &nbsp;&nbsp;&nbsp; 427862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.010%, SOFR + 1.340%, 03/23/37 (144A) (f) | 200000 | &nbsp;&nbsp;&nbsp; 193412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 5Y H15 + 4.745%, 11/13/28 (144A) (f) | 200000 | &nbsp;&nbsp;&nbsp; 213165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 5Y H15 + 4.758%, 11/13/33 (144A) (f) | 200000 | &nbsp;&nbsp;&nbsp; 225248 |
| UniCredit SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.127%, 1Y H15 + 1.550%, 06/03/32 (144A) (f) | 291000 | &nbsp;&nbsp;&nbsp; 267373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.459%, 5Y H15 + 4.750%, 06/30/35 (144A) (f) | 295000 | &nbsp;&nbsp;&nbsp; 294469 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.960%, SOFR + 1.100%, 01/23/37 (b) (f) | 1041000 | &nbsp;&nbsp;&nbsp; $1014082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, SOFR + 1.500%, 04/23/31 (f) | 928000 | &nbsp;&nbsp;&nbsp; 943856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.198%, SOFR + 1.500%, 01/23/30 (f) | 150000 | &nbsp;&nbsp;&nbsp; 152351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.211%, SOFR + 1.380%, 12/03/35 (f) | 175000 | &nbsp;&nbsp;&nbsp; 174226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.244%, SOFR + 1.110%, 01/24/31 (f) | 335000 | &nbsp;&nbsp;&nbsp; 341493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.557%, SOFR + 1.990%, 07/25/34 (f) | 1116000 | &nbsp;&nbsp;&nbsp; 1143750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.605%, SOFR + 1.740%, 04/23/36 (f) | 586000 | &nbsp;&nbsp;&nbsp; 599670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 5Y H15 + 2.340%, 06/15/31 (f) | 203000 | &nbsp;&nbsp;&nbsp; 203764 |
|  |  | &nbsp;&nbsp;&nbsp; 50823535 |
| **Beverages — 0.0%** | **Beverages — 0.0%** | **Beverages — 0.0%** |
| Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 02/01/36 | 190000 | &nbsp;&nbsp;&nbsp; 185055 |
| Anheuser-Busch InBev Worldwide, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 01/15/42 | 175000 | &nbsp;&nbsp;&nbsp; 163248 |
| Keurig Dr. Pepper, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.350%, 03/15/51 | 82000 | &nbsp;&nbsp;&nbsp; 52570 |
| Maple Parent Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 03/26/31 (144A) (b) | 78000 | &nbsp;&nbsp;&nbsp; 77670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 03/26/36 (144A) | 93000 | &nbsp;&nbsp;&nbsp; 92404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 03/26/56 (144A) | 37000 | &nbsp;&nbsp;&nbsp; 36638 |
|  |  | &nbsp;&nbsp;&nbsp; 607585 |
| **Biotechnology — 0.1%** | **Biotechnology — 0.1%** | **Biotechnology — 0.1%** |
| Amgen, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.450%, 02/21/30 | 221000 | &nbsp;&nbsp;&nbsp; 205234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.150%, 02/21/40 | 47000 | &nbsp;&nbsp;&nbsp; 36555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 02/22/52 | 320000 | &nbsp;&nbsp;&nbsp; 248636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.663%, 06/15/51 | 45000 | &nbsp;&nbsp;&nbsp; 37754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 02/19/36 (b) | 153000 | &nbsp;&nbsp;&nbsp; 150327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 03/01/53 (b) | 290000 | &nbsp;&nbsp;&nbsp; 251221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 03/02/53 | 249000 | &nbsp;&nbsp;&nbsp; 241167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 03/02/63 | 156000 | &nbsp;&nbsp;&nbsp; 150057 |
| Biogen, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 05/15/35 | 75000 | &nbsp;&nbsp;&nbsp; 77561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.450%, 05/15/55 | 360000 | &nbsp;&nbsp;&nbsp; 373563 |
| Gilead Sciences, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.600%, 10/01/40 | 120000 | &nbsp;&nbsp;&nbsp; 86855 |
|  |  | &nbsp;&nbsp;&nbsp; 1858930 |
| **Building Materials — 0.0%** | **Building Materials — 0.0%** | **Building Materials — 0.0%** |
| CRH America Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 02/09/31 | 65000 | &nbsp;&nbsp;&nbsp; 64056 |
| **Chemicals — 0.1%** | **Chemicals — 0.1%** | **Chemicals — 0.1%** |
| CF Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 06/01/43 | 37000 | &nbsp;&nbsp;&nbsp; 33010 |
| DuPont de Nemours, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.319%, 11/15/38 (b) | 331000 | &nbsp;&nbsp;&nbsp; 326101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.419%, 11/15/48 | 16000 | &nbsp;&nbsp;&nbsp; 14807 |
| EIDP, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 05/15/32 | 245000 | &nbsp;&nbsp;&nbsp; 248521 |
| International Flavors & Fragrances, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.300%, 11/01/30 (144A) (b) | 90000 | &nbsp;&nbsp;&nbsp; 80180 |

---

**BHFTI-181**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

**Consolidated 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; 3.375%, 10/01/40 | 170000 | &nbsp;&nbsp;&nbsp; $123045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 01/15/36 | 220000 | &nbsp;&nbsp;&nbsp; 220727 |
|  |  | &nbsp;&nbsp;&nbsp; 1046391 |
| **Commercial Services — 0.2%** | **Commercial Services — 0.2%** | **Commercial Services — 0.2%** |
| Element Fleet Management Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.037%, 03/25/30 (144A) | 50000 | &nbsp;&nbsp;&nbsp; 50460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.319%, 12/04/28 (144A) (b) | 150000 | &nbsp;&nbsp;&nbsp; 156293 |
| Ford Foundation |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.815%, 06/01/70 | 55000 | &nbsp;&nbsp;&nbsp; 30662 |
| Global Payments, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 11/15/31 | 283000 | &nbsp;&nbsp;&nbsp; 247976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 08/15/29 | 99000 | &nbsp;&nbsp;&nbsp; 93373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 11/15/30 (b) | 875000 | &nbsp;&nbsp;&nbsp; 859286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 11/15/32 | 110000 | &nbsp;&nbsp;&nbsp; 106778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 11/15/35 | 300000 | &nbsp;&nbsp;&nbsp; 289092 |
| Pepperdine University |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.301%, 12/01/59 | 100000 | &nbsp;&nbsp;&nbsp; 63150 |
| Quanta Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.350%, 01/15/32 | 115000 | &nbsp;&nbsp;&nbsp; 100166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 10/01/30 | 70000 | &nbsp;&nbsp;&nbsp; 64928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/15/31 | 295000 | &nbsp;&nbsp;&nbsp; 292596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 08/09/35 | 250000 | &nbsp;&nbsp;&nbsp; 246566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 08/09/34 | 306000 | &nbsp;&nbsp;&nbsp; 307833 |
| University of Southern California |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.226%, 10/01/2120 | 100000 | &nbsp;&nbsp;&nbsp; 55459 |
| Verisk Analytics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 03/15/31 | 156000 | &nbsp;&nbsp;&nbsp; 153405 |
|  |  | &nbsp;&nbsp;&nbsp; 3118023 |
| **Computers — 0.1%** | **Computers — 0.1%** | **Computers — 0.1%** |
| Accenture Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/04/34 | 30000 | &nbsp;&nbsp;&nbsp; 29006 |
| Apple, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 09/11/49 | 120000 | &nbsp;&nbsp;&nbsp; 78596 |
| Dell International LLC/EMC Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 04/01/32 (b) | 185000 | &nbsp;&nbsp;&nbsp; 187872 |
| Leidos, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 05/15/30 | 497000 | &nbsp;&nbsp;&nbsp; 488966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/15/36 (b) | 220000 | &nbsp;&nbsp;&nbsp; 212698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 03/15/32 | 144000 | &nbsp;&nbsp;&nbsp; 146786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 03/15/33 | 90000 | &nbsp;&nbsp;&nbsp; 93297 |
|  |  | &nbsp;&nbsp;&nbsp; 1237221 |
| **Cosmetics/Personal Care — 0.0%** | **Cosmetics/Personal Care — 0.0%** | **Cosmetics/Personal Care — 0.0%** |
| Kenvue, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 03/22/63 | 76000 | &nbsp;&nbsp;&nbsp; 68066 |
| **Diversified Financial Services — 0.3%** | **Diversified Financial Services — 0.3%** | **Diversified Financial Services — 0.3%** |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/29/28 (b) | 705000 | &nbsp;&nbsp;&nbsp; 678622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 09/10/29 (b) | 150000 | &nbsp;&nbsp;&nbsp; 149704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/15/33 | 150000 | &nbsp;&nbsp;&nbsp; 145794 |
| Aircastle Ltd./Aircastle Ireland DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/15/30 (144A) | 150000 | &nbsp;&nbsp;&nbsp; 151234 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Diversified Financial Services—(Continued)** | **Diversified Financial Services—(Continued)** | **Diversified Financial Services—(Continued)** |
| American Express Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.804%, SOFR + 1.237%, 10/24/36 (b) (f) | 45000 | &nbsp;&nbsp;&nbsp; $43511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.918%, SOFR + 1.220%, 07/20/33 (f) | 100000 | &nbsp;&nbsp;&nbsp; 100183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.442%, SOFR + 1.320%, 01/30/36 (f) | 80000 | &nbsp;&nbsp;&nbsp; 81436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.667%, SOFR + 1.790%, 04/25/36 (f) | 80000 | &nbsp;&nbsp;&nbsp; 82682 |
| Aviation Capital Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 04/10/30 (144A) | 65000 | &nbsp;&nbsp;&nbsp; 65339 |
| Avolon Holdings Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.528%, 11/18/27 (144A) | 95000 | &nbsp;&nbsp;&nbsp; 91781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 04/15/29 (144A) | 45000 | &nbsp;&nbsp;&nbsp; 44157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 01/30/31 (144A) | 190000 | &nbsp;&nbsp;&nbsp; 186180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 04/01/33 (144A) | 266000 | &nbsp;&nbsp;&nbsp; 254819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 01/15/28 (144A) | 43000 | &nbsp;&nbsp;&nbsp; 43141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 10/15/32 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 97398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 01/15/30 (144A) | 577000 | &nbsp;&nbsp;&nbsp; 579084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 05/30/30 (144A) | 330000 | &nbsp;&nbsp;&nbsp; 333598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 03/01/29 (144A) (b) | 20000 | &nbsp;&nbsp;&nbsp; 20452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 11/15/29 (144A) | 90000 | &nbsp;&nbsp;&nbsp; 92217 |
| Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.197%, SOFR + 1.630%, 09/11/36 (f) | 95000 | &nbsp;&nbsp;&nbsp; 92096 |
| Charles Schwab Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.914%, SOFR + 1.230%, 11/14/36 (f) | 300000 | &nbsp;&nbsp;&nbsp; 291604 |
| Equitable America Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 09/15/32 (144A) | 402000 | &nbsp;&nbsp;&nbsp; 390429 |
| Macquarie Airfinance Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 03/17/30 (144A) | 13000 | &nbsp;&nbsp;&nbsp; 12933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 03/27/28 (144A) | 44000 | &nbsp;&nbsp;&nbsp; 44159 |
|  |  | &nbsp;&nbsp;&nbsp; 4072553 |
| **Electric — 1.6%** | **Electric — 1.6%** | **Electric — 1.6%** |
| AES Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 06/01/28 (b) | 180000 | &nbsp;&nbsp;&nbsp; 181647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 03/15/32 | 195000 | &nbsp;&nbsp;&nbsp; 196089 |
| Alliant Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 5Y H15 + 2.077%, 04/01/56 (f) | 80000 | &nbsp;&nbsp;&nbsp; 77780 |
| Arizona Public Service Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 01/15/44 | 50000 | &nbsp;&nbsp;&nbsp; 41844 |
| Baltimore Gas & Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 06/15/50 | 106000 | &nbsp;&nbsp;&nbsp; 66614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 09/15/49 | 66000 | &nbsp;&nbsp;&nbsp; 43619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 06/01/53 | 85000 | &nbsp;&nbsp;&nbsp; 79918 |
| Cleveland Electric Illuminating Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 11/15/30 (144A) | 60000 | &nbsp;&nbsp;&nbsp; 59246 |
| CMS Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 5Y H15 + 2.900%, 12/01/50 (f) | 96000 | &nbsp;&nbsp;&nbsp; 87577 |
| Commonwealth Edison Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 03/01/45 | 71000 | &nbsp;&nbsp;&nbsp; 54127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 01/15/44 | 133000 | &nbsp;&nbsp;&nbsp; 116650 |
| Consolidated Edison Co. of New York, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 12/01/48 | 30000 | &nbsp;&nbsp;&nbsp; 25517 |
| Constellation Energy Generation LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 06/15/42 | 212000 | &nbsp;&nbsp;&nbsp; 207754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 10/01/41 | 120000 | &nbsp;&nbsp;&nbsp; 120074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/01/53 | 180000 | &nbsp;&nbsp;&nbsp; 191028 |
| Consumers Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 05/15/43 | 147000 | &nbsp;&nbsp;&nbsp; 119171 |

---

**BHFTI-182**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

**Consolidated 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)** |
| Dominion Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 04/15/41 | 190000 | &nbsp;&nbsp;&nbsp; $140947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 12/01/44 | 71000 | &nbsp;&nbsp;&nbsp; 60366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 08/01/41 | 147000 | &nbsp;&nbsp;&nbsp; 131142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 5Y H15 + 2.262%, 02/15/56 (f) | 324000 | &nbsp;&nbsp;&nbsp; 321935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 5Y H15 + 2.386%, 02/01/55 (f) | 80000 | &nbsp;&nbsp;&nbsp; 82334 |
| DTE Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 04/01/30 (b) | 385000 | &nbsp;&nbsp;&nbsp; 392648 |
| Duke Energy Carolinas LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/30/42 | 303000 | &nbsp;&nbsp;&nbsp; 248470 |
| Duke Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 09/15/55 | 159000 | &nbsp;&nbsp;&nbsp; 150258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 09/15/53 | 210000 | &nbsp;&nbsp;&nbsp; 210597 |
| Duke Energy Indiana LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 05/15/46 | 77000 | &nbsp;&nbsp;&nbsp; 58934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/01/34 | 154000 | &nbsp;&nbsp;&nbsp; 157710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 04/01/53 | 115000 | &nbsp;&nbsp;&nbsp; 106773 |
| Duke Energy Ohio, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 06/15/35 | 310000 | &nbsp;&nbsp;&nbsp; 314062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 03/15/54 | 103000 | &nbsp;&nbsp;&nbsp; 98605 |
| Duquesne Light Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.616%, 08/01/27 (144A) | 169000 | &nbsp;&nbsp;&nbsp; 166903 |
| Edison International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/15/32 (b) | 142000 | &nbsp;&nbsp;&nbsp; 140540 |
| Electricite de France SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 01/13/55 (144A) | 195000 | &nbsp;&nbsp;&nbsp; 199163 |
| Emera U.S. Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 04/01/33 | 295000 | &nbsp;&nbsp;&nbsp; 293354 |
| Emera U.S. Finance LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.639%, 06/15/31 | 213000 | &nbsp;&nbsp;&nbsp; 189991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 06/15/46 | 267000 | &nbsp;&nbsp;&nbsp; 220266 |
| ENEL Finance International NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/12/31 (144A) (b) | 455000 | &nbsp;&nbsp;&nbsp; 403866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 09/30/28 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 198351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 06/26/29 (144A) | 225000 | &nbsp;&nbsp;&nbsp; 228191 |
| Entergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 5Y H15 + 2.179%, 06/15/56 (f) | 200000 | &nbsp;&nbsp;&nbsp; 197336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 5Y H15 + 2.670%, 12/01/54 (f) | 298000 | &nbsp;&nbsp;&nbsp; 305354 |
| Entergy Louisiana LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 01/15/45 | 152000 | &nbsp;&nbsp;&nbsp; 136922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 03/15/54 | 150000 | &nbsp;&nbsp;&nbsp; 145688 |
| Entergy Mississippi LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/33 | 280000 | &nbsp;&nbsp;&nbsp; 281086 |
| Entergy Texas, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 06/01/45 | 10000 | &nbsp;&nbsp;&nbsp; 9170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 09/15/54 | 36000 | &nbsp;&nbsp;&nbsp; 33881 |
| FirstEnergy Transmission LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 04/01/49 (144A) | 166000 | &nbsp;&nbsp;&nbsp; 137576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 07/15/44 (144A) | 49000 | &nbsp;&nbsp;&nbsp; 46374 |
| ITC Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 05/14/30 (144A) | 790000 | &nbsp;&nbsp;&nbsp; 739244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 04/15/31 (144A) | 235000 | &nbsp;&nbsp;&nbsp; 235122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 06/01/33 (144A) (b) | 288000 | &nbsp;&nbsp;&nbsp; 292722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/15/36 (144A) | 130000 | &nbsp;&nbsp;&nbsp; 130385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 05/09/34 (144A) | 173000 | &nbsp;&nbsp;&nbsp; 177844 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Electric—(Continued)** | **Electric—(Continued)** | **Electric—(Continued)** |
| Jersey Central Power & Light Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 01/15/35 | 25000 | &nbsp;&nbsp;&nbsp; $24989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 06/01/37 | 100000 | &nbsp;&nbsp;&nbsp; 105404 |
| Monongahela Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 02/15/34 (144A) | 248000 | &nbsp;&nbsp;&nbsp; 260397 |
| Nevada Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 5Y H15 + 1.936%, 05/15/55 (f) | 430000 | &nbsp;&nbsp;&nbsp; 429832 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 03/15/55 (b) | 310000 | &nbsp;&nbsp;&nbsp; 304283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 5Y H15 + 2.053%, 08/15/55 (f) | 21000 | &nbsp;&nbsp;&nbsp; 21394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 5Y H15 + 2.457%, 06/15/54 (f) | 125000 | &nbsp;&nbsp;&nbsp; 129317 |
| Niagara Mohawk Power Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.996%, 07/03/55 (144A) | 45000 | &nbsp;&nbsp;&nbsp; 44190 |
| NRG Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 06/15/29 (144A) | 348000 | &nbsp;&nbsp;&nbsp; 343704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.734%, 10/15/30 (144A) | 150000 | &nbsp;&nbsp;&nbsp; 148541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.407%, 10/15/35 (144A) (b) | 225000 | &nbsp;&nbsp;&nbsp; 220708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 03/15/33 (144A) | 128000 | &nbsp;&nbsp;&nbsp; 138572 |
| Ohio Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 10/01/51 | 115000 | &nbsp;&nbsp;&nbsp; 68782 |
| Pacific Gas & Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 06/01/31 | 222000 | &nbsp;&nbsp;&nbsp; 204759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 08/15/42 | 37000 | &nbsp;&nbsp;&nbsp; 27702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 12/01/47 | 159000 | &nbsp;&nbsp;&nbsp; 115704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/15/46 | 82000 | &nbsp;&nbsp;&nbsp; 62285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 03/15/45 | 60000 | &nbsp;&nbsp;&nbsp; 46865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/40 | 150000 | &nbsp;&nbsp;&nbsp; 128001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 07/01/30 | 71744 | &nbsp;&nbsp;&nbsp; 70772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 06/15/43 | 178000 | &nbsp;&nbsp;&nbsp; 146457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 05/15/29 | 91000 | &nbsp;&nbsp;&nbsp; 93161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 03/01/35 | 175000 | &nbsp;&nbsp;&nbsp; 177389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 05/15/34 | 12000 | &nbsp;&nbsp;&nbsp; 12296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/15/35 | 115000 | &nbsp;&nbsp;&nbsp; 118813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/56 | 100000 | &nbsp;&nbsp;&nbsp; 94904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 01/15/29 | 253000 | &nbsp;&nbsp;&nbsp; 261800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.400%, 06/15/33 | 276000 | &nbsp;&nbsp;&nbsp; 292922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 01/15/53 | 10000 | &nbsp;&nbsp;&nbsp; 10376 |
| PacifiCorp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 06/15/52 | 122000 | &nbsp;&nbsp;&nbsp; 69394 |
| PG&E Recovery Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.231%, 06/01/42 | 575000 | &nbsp;&nbsp;&nbsp; 564414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.536%, 07/15/49 | 135000 | &nbsp;&nbsp;&nbsp; 133459 |
| PG&E Wildfire Recovery Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.263%, 06/01/38 | 65000 | &nbsp;&nbsp;&nbsp; 62648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.099%, 06/01/54 | 165000 | &nbsp;&nbsp;&nbsp; 152437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.212%, 12/01/49 | 85000 | &nbsp;&nbsp;&nbsp; 80104 |
| Public Service Co. of Colorado |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/52 | 57000 | &nbsp;&nbsp;&nbsp; 46363 |
| Public Service Co. of Oklahoma |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 01/15/35 | 20000 | &nbsp;&nbsp;&nbsp; 19894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 01/15/36 | 445000 | &nbsp;&nbsp;&nbsp; 447855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 11/15/37 | 100000 | &nbsp;&nbsp;&nbsp; 108253 |
| Puget Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.224%, 03/15/32 (b) | 422000 | &nbsp;&nbsp;&nbsp; 402542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.725%, 03/15/35 | 383000 | &nbsp;&nbsp;&nbsp; 385787 |

---

**BHFTI-183**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

**Consolidated 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)** |
| Puget Sound Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.638%, 04/15/41 | 71000 | &nbsp;&nbsp;&nbsp; $70198 |
| San Diego Gas & Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 08/15/51 | 230000 | &nbsp;&nbsp;&nbsp; 144429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 03/15/36 | 50000 | &nbsp;&nbsp;&nbsp; 49860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 04/01/53 | 420000 | &nbsp;&nbsp;&nbsp; 386392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 04/15/35 | 250000 | &nbsp;&nbsp;&nbsp; 254237 |
| SCE Recovery Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.697%, 06/15/42 | 140699 | &nbsp;&nbsp;&nbsp; 135593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.112%, 12/14/49 | 65000 | &nbsp;&nbsp;&nbsp; 60739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.341%, 03/15/47 | 60000 | &nbsp;&nbsp;&nbsp; 59599 |
| Sierra Pacific Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 5Y H15 + 2.549%, 12/15/55 (f) | 95000 | &nbsp;&nbsp;&nbsp; 92399 |
| Sigeco Securitization I LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.026%, 11/15/38 | 129143 | &nbsp;&nbsp;&nbsp; 130513 |
| Southern California Edison Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, 03/01/28 | 78000 | &nbsp;&nbsp;&nbsp; 76763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 03/15/43 | 122000 | &nbsp;&nbsp;&nbsp; 92119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, 03/15/42 | 150000 | &nbsp;&nbsp;&nbsp; 117112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 06/01/34 | 449000 | &nbsp;&nbsp;&nbsp; 445660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/15/30 | 116000 | &nbsp;&nbsp;&nbsp; 117745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 03/01/53 | 65000 | &nbsp;&nbsp;&nbsp; 59673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 12/01/53 | 177000 | &nbsp;&nbsp;&nbsp; 167380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 03/01/55 | 45000 | &nbsp;&nbsp;&nbsp; 42891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 02/01/38 | 91000 | &nbsp;&nbsp;&nbsp; 92262 |
| Southern Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 06/15/33 | 120000 | &nbsp;&nbsp;&nbsp; 121202 |
| Southern Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 10/01/30 | 85000 | &nbsp;&nbsp;&nbsp; 83903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 10/01/35 | 334000 | &nbsp;&nbsp;&nbsp; 323010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 12/15/46 | 214000 | &nbsp;&nbsp;&nbsp; 186555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 09/15/41 | 100000 | &nbsp;&nbsp;&nbsp; 94055 |
| Tucson Electric Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 08/01/30 | 78000 | &nbsp;&nbsp;&nbsp; 68473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 12/01/48 | 150000 | &nbsp;&nbsp;&nbsp; 129411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/15/53 | 235000 | &nbsp;&nbsp;&nbsp; 219269 |
| Union Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 04/01/34 (b) | 137000 | &nbsp;&nbsp;&nbsp; 139175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 01/15/54 | 89000 | &nbsp;&nbsp;&nbsp; 81830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 03/15/53 | 140000 | &nbsp;&nbsp;&nbsp; 132323 |
| Virginia Electric & Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.450%, 12/15/50 | 250000 | &nbsp;&nbsp;&nbsp; 139350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 08/15/43 | 60000 | &nbsp;&nbsp;&nbsp; 52105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 03/15/55 | 160000 | &nbsp;&nbsp;&nbsp; 153165 |
| Vistra Operations Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 10/15/28 (144A) | 135000 | &nbsp;&nbsp;&nbsp; 133382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 10/15/30 (144A) | 41000 | &nbsp;&nbsp;&nbsp; 40188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 10/15/35 (144A) | 101000 | &nbsp;&nbsp;&nbsp; 98083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 01/31/36 (144A) | 420000 | &nbsp;&nbsp;&nbsp; 410841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 12/30/34 (144A) | 42000 | &nbsp;&nbsp;&nbsp; 42253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/15/34 (144A) | 10000 | &nbsp;&nbsp;&nbsp; 10280 |
| Xcel Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 04/15/35 | 280000 | &nbsp;&nbsp;&nbsp; 284551 |
|  |  | &nbsp;&nbsp;&nbsp; 21169202 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Electronics — 0.0%** | **Electronics — 0.0%** | **Electronics — 0.0%** |
| Amphenol Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 11/15/55 | 90000 | &nbsp;&nbsp;&nbsp; $84520 |
| Jabil, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/01/33 | 118000 | &nbsp;&nbsp;&nbsp; 114897 |
|  |  | &nbsp;&nbsp;&nbsp; 199417 |
| **Environmental Control — 0.0%** | **Environmental Control — 0.0%** | **Environmental Control — 0.0%** |
| GFL Environmental, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/28 (144A) | 445000 | &nbsp;&nbsp;&nbsp; 432678 |
| Veralto Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 09/18/28 | 140000 | &nbsp;&nbsp;&nbsp; 143073 |
|  |  | &nbsp;&nbsp;&nbsp; 575751 |
| **Food — 0.2%** | **Food — 0.2%** | **Food — 0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. <br> Holdings<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/15/32 | 289000 | &nbsp;&nbsp;&nbsp; 256816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 12/01/31 | 85000 | &nbsp;&nbsp;&nbsp; 79379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 02/02/52 | 85000 | &nbsp;&nbsp;&nbsp; 64706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/15/36 | 380000 | &nbsp;&nbsp;&nbsp; 380175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 04/20/35 | 128000 | &nbsp;&nbsp;&nbsp; 132872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 02/25/55 | 75000 | &nbsp;&nbsp;&nbsp; 74741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 04/15/66 | 170000 | &nbsp;&nbsp;&nbsp; 166814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.400%, 05/10/57 (144A) | 125000 | &nbsp;&nbsp;&nbsp; 124769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/01/52 | 25000 | &nbsp;&nbsp;&nbsp; 25308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/15/34 | 75000 | &nbsp;&nbsp;&nbsp; 82489 |
| Kraft Heinz Foods Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 06/01/46 | 255000 | &nbsp;&nbsp;&nbsp; 199370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 10/01/39 | 60000 | &nbsp;&nbsp;&nbsp; 52898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 10/01/49 | 75000 | &nbsp;&nbsp;&nbsp; 61334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/50 (b) | 155000 | &nbsp;&nbsp;&nbsp; 138518 |
| Kroger Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/15/34 | 30000 | &nbsp;&nbsp;&nbsp; 29621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 07/15/40 | 141000 | &nbsp;&nbsp;&nbsp; 137677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/15/54 (b) | 30000 | &nbsp;&nbsp;&nbsp; 27860 |
| Mars, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/32 (144A) | 140000 | &nbsp;&nbsp;&nbsp; 141662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 03/01/35 (144A) (b) | 470000 | &nbsp;&nbsp;&nbsp; 474475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 05/01/45 (144A) (b) | 248000 | &nbsp;&nbsp;&nbsp; 244904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 05/01/55 (144A) | 150000 | &nbsp;&nbsp;&nbsp; 146261 |
| Tyson Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 03/15/34 | 70000 | &nbsp;&nbsp;&nbsp; 72465 |
|  |  | &nbsp;&nbsp;&nbsp; 3115114 |
| **Gas — 0.1%** | **Gas — 0.1%** | **Gas — 0.1%** |
| NiSource, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.950%, 5Y H15 + 2.451%, 11/30/54 (f) | 120000 | &nbsp;&nbsp;&nbsp; 123396 |
| Piedmont Natural Gas Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.350%, 06/01/50 | 143000 | &nbsp;&nbsp;&nbsp; 96417 |
| Southern California Gas Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.350%, 11/15/52 (b) | 225000 | &nbsp;&nbsp;&nbsp; 236779 |
| Southern Co. Gas Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.150%, 09/30/51 | 161000 | &nbsp;&nbsp;&nbsp; 103154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 10/01/46 | 261000 | &nbsp;&nbsp;&nbsp; 198808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 06/01/43 | 345000 | &nbsp;&nbsp;&nbsp; 289178 |

---

**BHFTI-184**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Gas—(Continued)** | **Gas—(Continued)** | **Gas—(Continued)** |
| Southern Co. Gas Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 09/15/33 | 86000 | &nbsp;&nbsp;&nbsp; $89375 |
|  |  | &nbsp;&nbsp;&nbsp; 1137107 |
| **Healthcare-Products — 0.1%** | **Healthcare-Products — 0.1%** | **Healthcare-Products — 0.1%** |
| Abbott Laboratories |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 03/15/36 | 567000 | &nbsp;&nbsp;&nbsp; 554446 |
| Boston Scientific Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 03/01/39 | 60000 | &nbsp;&nbsp;&nbsp; 56202 |
| Solventum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 03/13/31 | 165000 | &nbsp;&nbsp;&nbsp; 169285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 03/23/34 (b) | 614000 | &nbsp;&nbsp;&nbsp; 627699 |
| Thermo Fisher Scientific, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.902%, 02/12/36 (b) | 95000 | &nbsp;&nbsp;&nbsp; 94325 |
| Zimmer Biomet Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/19/35 | 128000 | &nbsp;&nbsp;&nbsp; 130655 |
|  |  | &nbsp;&nbsp;&nbsp; 1632612 |
| **Healthcare-Services — 0.4%** | **Healthcare-Services — 0.4%** | **Healthcare-Services — 0.4%** |
| Aetna, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 03/15/44 | 133000 | &nbsp;&nbsp;&nbsp; 111930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 12/15/37 | 50000 | &nbsp;&nbsp;&nbsp; 54025 |
| AHS Hospital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.024%, 07/01/45 | 110000 | &nbsp;&nbsp;&nbsp; 101398 |
| Children's Hospital |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.928%, 07/15/50 | 100000 | &nbsp;&nbsp;&nbsp; 64341 |
| Cigna Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 03/15/40 | 138000 | &nbsp;&nbsp;&nbsp; 106911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/15/30 | 165000 | &nbsp;&nbsp;&nbsp; 164443 |
| CommonSpirit Health |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.782%, 10/01/30 | 70000 | &nbsp;&nbsp;&nbsp; 64352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.910%, 10/01/50 | 65000 | &nbsp;&nbsp;&nbsp; 47659 |
| Cottage Health Obligated Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.304%, 11/01/49 | 110000 | &nbsp;&nbsp;&nbsp; 75839 |
| Elevance Health, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 05/15/42 | 178000 | &nbsp;&nbsp;&nbsp; 155860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 01/15/43 | 111000 | &nbsp;&nbsp;&nbsp; 96067 |
| Hartford HealthCare Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.447%, 07/01/54 | 64000 | &nbsp;&nbsp;&nbsp; 47023 |
| HCA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 03/15/32 | 31000 | &nbsp;&nbsp;&nbsp; 28808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 11/15/32 | 128000 | &nbsp;&nbsp;&nbsp; 124503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/15/52 | 57000 | &nbsp;&nbsp;&nbsp; 45503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 11/15/35 | 40000 | &nbsp;&nbsp;&nbsp; 38672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 06/15/49 | 30000 | &nbsp;&nbsp;&nbsp; 26473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/32 | 370000 | &nbsp;&nbsp;&nbsp; 379307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 04/01/34 | 330000 | &nbsp;&nbsp;&nbsp; 337010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 09/01/28 | 480000 | &nbsp;&nbsp;&nbsp; 489524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 11/15/55 | 90000 | &nbsp;&nbsp;&nbsp; 83722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 03/01/35 | 74000 | &nbsp;&nbsp;&nbsp; 76083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 02/01/29 | 614000 | &nbsp;&nbsp;&nbsp; 631919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 09/15/54 (b) | 45000 | &nbsp;&nbsp;&nbsp; 43284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 04/01/64 | 90000 | &nbsp;&nbsp;&nbsp; 86885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 03/01/55 | 84000 | &nbsp;&nbsp;&nbsp; 83206 |
| MyMichigan Health |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.409%, 06/01/50 | 40000 | &nbsp;&nbsp;&nbsp; 27947 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Healthcare-Services—(Continued)** | **Healthcare-Services—(Continued)** | **Healthcare-Services—(Continued)** |
| NYU Langone Hospitals |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.380%, 07/01/55 | 90000 | &nbsp;&nbsp;&nbsp; $60973 |
| Piedmont Healthcare, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.864%, 01/01/52 | 95000 | &nbsp;&nbsp;&nbsp; 58864 |
| Quest Diagnostics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/34 | 449000 | &nbsp;&nbsp;&nbsp; 445933 |
| UnitedHealth Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 05/15/40 | 142000 | &nbsp;&nbsp;&nbsp; 103286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 04/15/53 | 126000 | &nbsp;&nbsp;&nbsp; 110842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 02/15/33 | 233000 | &nbsp;&nbsp;&nbsp; 239217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 04/15/54 (b) | 126000 | &nbsp;&nbsp;&nbsp; 115868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 02/15/53 | 90000 | &nbsp;&nbsp;&nbsp; 88638 |
| Yale-New Haven Health Services Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.496%, 07/01/50 | 110000 | &nbsp;&nbsp;&nbsp; 63659 |
|  |  | &nbsp;&nbsp;&nbsp; 4879974 |
| **Insurance — 0.3%** | **Insurance — 0.3%** | **Insurance — 0.3%** |
| Athene Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 11/12/26 (144A) | 370000 | &nbsp;&nbsp;&nbsp; 366376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.033%, 07/17/30 (144A) | 455000 | &nbsp;&nbsp;&nbsp; 449951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.543%, 08/22/35 (144A) | 310000 | &nbsp;&nbsp;&nbsp; 304338 |
| Berkshire Hathaway Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 03/15/52 (b) | 185000 | &nbsp;&nbsp;&nbsp; 139633 |
| Corebridge Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 08/21/32 (144A) | 164000 | &nbsp;&nbsp;&nbsp; 161486 |
| F&G Annuities & Life, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/04/29 | 75000 | &nbsp;&nbsp;&nbsp; 75313 |
| F&G Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 06/30/26 (144A) | 80000 | &nbsp;&nbsp;&nbsp; 79416 |
| Guardian Life Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.673%, 09/05/32 (144A) | 270000 | &nbsp;&nbsp;&nbsp; 266477 |
| Hanover Insurance Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/30 | 70000 | &nbsp;&nbsp;&nbsp; 63466 |
| Hartford Insurance Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 04/15/43 | 25000 | &nbsp;&nbsp;&nbsp; 20995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 10/01/41 | 25000 | &nbsp;&nbsp;&nbsp; 26249 |
| Nationwide Mutual Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 04/30/50 (144A) | 220000 | &nbsp;&nbsp;&nbsp; 166542 |
| New York Life Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.200%, 08/07/30 (144A) | 111000 | &nbsp;&nbsp;&nbsp; 96622 |
| New York Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 05/15/50 (144A) | 107000 | &nbsp;&nbsp;&nbsp; 77599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 05/15/69 (144A) | 137000 | &nbsp;&nbsp;&nbsp; 103545 |
| Nippon Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.748%, 04/02/31 (144A) | 210000 | &nbsp;&nbsp;&nbsp; 210525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.046%, 04/02/33 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 200245 |
| Northwestern Mutual Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.063%, 03/30/40 (144A) | 230000 | &nbsp;&nbsp;&nbsp; 238454 |
| Pacific Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 10/24/67 (144A) | 97000 | &nbsp;&nbsp;&nbsp; 75736 |
| Principal Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.111%, 02/15/28 (144A) | 121000 | &nbsp;&nbsp;&nbsp; 119890 |
| Prudential Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 5Y H15 + 2.404%, 03/15/54 (b) (f) | 115000 | &nbsp;&nbsp;&nbsp; 117800 |
| Teachers Insurance & Annuity Association of America |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.270%, 05/15/47 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 80397 |

---

**BHFTI-185**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

**Consolidated 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)** |
| Teachers Insurance & Annuity Association of America |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.850%, 12/16/39 (144A) | 316000 | &nbsp;&nbsp;&nbsp; $354318 |
|  |  | &nbsp;&nbsp;&nbsp; 3795373 |
| **Internet — 0.3%** | **Internet — 0.3%** | **Internet — 0.3%** |
| Alphabet, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 11/15/35 | 20000 | &nbsp;&nbsp;&nbsp; 19759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 02/15/36 | 405000 | &nbsp;&nbsp;&nbsp; 403265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 11/15/55 | 80000 | &nbsp;&nbsp;&nbsp; 77456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/15/46 | 55000 | &nbsp;&nbsp;&nbsp; 54558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 02/15/56 (b) | 138000 | &nbsp;&nbsp;&nbsp; 137556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 02/15/66 | 160000 | &nbsp;&nbsp;&nbsp; 158455 |
| Amazon.com, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 03/13/33 | 190000 | &nbsp;&nbsp;&nbsp; 188171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 11/20/35 | 203000 | &nbsp;&nbsp;&nbsp; 199051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 03/13/36 | 491000 | &nbsp;&nbsp;&nbsp; 486525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 03/13/46 | 155000 | &nbsp;&nbsp;&nbsp; 154464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 03/13/56 | 527000 | &nbsp;&nbsp;&nbsp; 526577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.050%, 03/13/76 | 85000 | &nbsp;&nbsp;&nbsp; 84502 |
| Beignet Investor LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.581%, 05/30/49 (144A) | 111000 | &nbsp;&nbsp;&nbsp; 114125 |
| Meta Platforms, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 08/15/52 (b) | 304000 | &nbsp;&nbsp;&nbsp; 239145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 11/15/35 (b) | 130000 | &nbsp;&nbsp;&nbsp; 127535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 08/15/54 | 493000 | &nbsp;&nbsp;&nbsp; 446538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/15/45 | 295000 | &nbsp;&nbsp;&nbsp; 279163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 08/15/64 | 80000 | &nbsp;&nbsp;&nbsp; 71901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 05/15/53 | 40000 | &nbsp;&nbsp;&nbsp; 37321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 11/15/55 | 85000 | &nbsp;&nbsp;&nbsp; 79678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 05/15/63 | 57000 | &nbsp;&nbsp;&nbsp; 53046 |
| Uber Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/15/29 (144A) | 236000 | &nbsp;&nbsp;&nbsp; 234001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 09/15/34 | 40000 | &nbsp;&nbsp;&nbsp; 39160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 09/15/35 (b) | 190000 | &nbsp;&nbsp;&nbsp; 184367 |
|  |  | &nbsp;&nbsp;&nbsp; 4396319 |
| **Leisure Time — 0.0%** | **Leisure Time — 0.0%** | **Leisure Time — 0.0%** |
| Royal Caribbean Cruises Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 09/30/31 (144A) | 145000 | &nbsp;&nbsp;&nbsp; 146429 |
| **Lodging — 0.0%** | **Lodging — 0.0%** | **Lodging — 0.0%** |
| Marriott International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/15/37 | 160000 | &nbsp;&nbsp;&nbsp; 159300 |
| **Machinery-Construction & Mining — 0.0%** | **Machinery-Construction & Mining — 0.0%** | **Machinery-Construction & Mining — 0.0%** |
| GE Vernova, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/04/56 | 150000 | &nbsp;&nbsp;&nbsp; 144299 |
| **Machinery-Diversified — 0.0%** | **Machinery-Diversified — 0.0%** | **Machinery-Diversified — 0.0%** |
| Regal Rexnord Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.050%, 04/15/28 | 191000 | &nbsp;&nbsp;&nbsp; 195899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.400%, 04/15/33 | 77000 | &nbsp;&nbsp;&nbsp; 81388 |
|  |  | &nbsp;&nbsp;&nbsp; 277287 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **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; 3.500%, 06/01/41 | 77000 | &nbsp;&nbsp;&nbsp; $53996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/42 | 105000 | &nbsp;&nbsp;&nbsp; 71877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 03/01/50 | 135000 | &nbsp;&nbsp;&nbsp; 99813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 07/01/49 | 62000 | &nbsp;&nbsp;&nbsp; 47602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.484%, 10/23/45 | 231000 | &nbsp;&nbsp;&nbsp; 212974 |
| Comcast Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.800%, 01/15/51 | 235000 | &nbsp;&nbsp;&nbsp; 134432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.887%, 11/01/51 | 1077000 | &nbsp;&nbsp;&nbsp; 622577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.937%, 11/01/56 | 769000 | &nbsp;&nbsp;&nbsp; 425999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.168%, 01/15/37 (144A) | 194000 | &nbsp;&nbsp;&nbsp; 188906 |
| Time Warner Cable LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/41 | 200000 | &nbsp;&nbsp;&nbsp; 172370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 11/15/40 (b) | 559000 | &nbsp;&nbsp;&nbsp; 506586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.550%, 05/01/37 | 252000 | &nbsp;&nbsp;&nbsp; 254065 |
|  |  | &nbsp;&nbsp;&nbsp; 2791197 |
| **Mining — 0.2%** | **Mining — 0.2%** | **Mining — 0.2%** |
| Anglo American Capital PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 09/10/30 (144A) | 460000 | &nbsp;&nbsp;&nbsp; 419675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 03/16/52 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 163611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/21/33 (144A) | 235000 | &nbsp;&nbsp;&nbsp; 231381 |
| Corp. Nacional del Cobre de Chile |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.780%, 01/13/55 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 211804 |
| Freeport-McMoRan, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 03/15/43 | 170000 | &nbsp;&nbsp;&nbsp; 160835 |
| Glencore Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.186%, 04/01/30 (144A) | 80000 | &nbsp;&nbsp;&nbsp; 81109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.508%, 04/01/36 (144A) | 260000 | &nbsp;&nbsp;&nbsp; 260563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.634%, 04/04/34 (144A) | 80000 | &nbsp;&nbsp;&nbsp; 81878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.673%, 04/01/35 (144A) | 362000 | &nbsp;&nbsp;&nbsp; 369817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 10/06/30 (144A) | 201000 | &nbsp;&nbsp;&nbsp; 213227 |
|  |  | &nbsp;&nbsp;&nbsp; 2193900 |
| **Miscellaneous Manufacturing — 0.1%** | **Miscellaneous Manufacturing — 0.1%** | **Miscellaneous Manufacturing — 0.1%** |
| Eaton Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 11/02/42 | 200000 | &nbsp;&nbsp;&nbsp; 171582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/06/33 | 200000 | &nbsp;&nbsp;&nbsp; 197258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 03/06/56 | 305000 | &nbsp;&nbsp;&nbsp; 295242 |
|  |  | &nbsp;&nbsp;&nbsp; 664082 |
| **Oil & Gas — 0.4%** | **Oil & Gas — 0.4%** | **Oil & Gas — 0.4%** |
| Aker BP ASA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 10/30/35 (144A) | 185000 | &nbsp;&nbsp;&nbsp; 179904 |
| Antero Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 03/01/30 (144A) | 227000 | &nbsp;&nbsp;&nbsp; 228157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 02/01/36 | 205000 | &nbsp;&nbsp;&nbsp; 201589 |
| ConocoPhillips Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/15/55 (b) | 65000 | &nbsp;&nbsp;&nbsp; 62094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 09/15/63 | 231000 | &nbsp;&nbsp;&nbsp; 222315 |
| Coterra Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 02/15/35 | 70000 | &nbsp;&nbsp;&nbsp; 70223 |
| Devon Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 09/15/54 (b) | 25000 | &nbsp;&nbsp;&nbsp; 23494 |

---

**BHFTI-186**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

**Consolidated 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)** |
| Diamondback Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 04/18/54 | 187000 | &nbsp;&nbsp;&nbsp; $176854 |
| Eni SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 10/01/40 (144A) | 150000 | &nbsp;&nbsp;&nbsp; 147620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 05/15/54 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 198991 |
| EQT Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/15/29 | 50000 | &nbsp;&nbsp;&nbsp; 49883 |
| Expand Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/01/32 (b) | 234000 | &nbsp;&nbsp;&nbsp; 228002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 03/15/30 | 750000 | &nbsp;&nbsp;&nbsp; 756233 |
| Hess Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 02/15/41 | 67000 | &nbsp;&nbsp;&nbsp; 68068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/15/40 | 89000 | &nbsp;&nbsp;&nbsp; 94121 |
| Marathon Petroleum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 09/15/44 | 53000 | &nbsp;&nbsp;&nbsp; 45061 |
| Occidental Petroleum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 06/15/45 | 123000 | &nbsp;&nbsp;&nbsp; 97966 |
| Ovintiv, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 07/15/33 (b) | 111000 | &nbsp;&nbsp;&nbsp; 117119 |
| Pioneer Natural Resources Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.150%, 01/15/31 | 1206000 | &nbsp;&nbsp;&nbsp; 1086836 |
| Santos Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.649%, 04/29/31 (144A) | 254000 | &nbsp;&nbsp;&nbsp; 237677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 11/13/35 (144A) | 245000 | &nbsp;&nbsp;&nbsp; 245568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 09/19/33 (144A) | 75000 | &nbsp;&nbsp;&nbsp; 81655 |
| Shell Finance U.S., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 10/15/41 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 191272 |
| TotalEnergies Capital International SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.986%, 06/29/41 | 519000 | &nbsp;&nbsp;&nbsp; 386597 |
| TotalEnergies Capital SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.275%, 09/10/54 | 80000 | &nbsp;&nbsp;&nbsp; 74620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.488%, 04/05/54 | 40000 | &nbsp;&nbsp;&nbsp; 38397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.638%, 04/05/64 | 89000 | &nbsp;&nbsp;&nbsp; 85402 |
|  |  | &nbsp;&nbsp;&nbsp; 5395718 |
| **Oil & Gas Services — 0.0%** | **Oil & Gas Services — 0.0%** | **Oil & Gas Services — 0.0%** |
| Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 06/15/33 | 300000 | &nbsp;&nbsp;&nbsp; 295268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/15/36 | 215000 | &nbsp;&nbsp;&nbsp; 211087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 06/15/56 | 125000 | &nbsp;&nbsp;&nbsp; 122318 |
|  |  | &nbsp;&nbsp;&nbsp; 628673 |
| **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** |
| Amcor Flexibles North America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 03/17/30 | 110000 | &nbsp;&nbsp;&nbsp; 111029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 03/12/36 (b) | 219000 | &nbsp;&nbsp;&nbsp; 212916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/17/35 | 175000 | &nbsp;&nbsp;&nbsp; 177004 |
| Berry Global, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 06/15/31 | 125000 | &nbsp;&nbsp;&nbsp; 129389 |
| Packaging Corp. of America |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, 12/15/49 | 35000 | &nbsp;&nbsp;&nbsp; 26688 |
| Sonoco Products Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 09/01/29 (b) | 138000 | &nbsp;&nbsp;&nbsp; 137601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/34 (b) | 160000 | &nbsp;&nbsp;&nbsp; 156507 |
|  |  | &nbsp;&nbsp;&nbsp; 951134 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Pharmaceuticals — 0.4%** | **Pharmaceuticals — 0.4%** | **Pharmaceuticals — 0.4%** |
| AbbVie, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, 11/21/39 (b) | 456000 | &nbsp;&nbsp;&nbsp; $400242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 11/21/49 | 250000 | &nbsp;&nbsp;&nbsp; 202933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 11/06/42 | 340000 | &nbsp;&nbsp;&nbsp; 298647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 10/01/42 | 188000 | &nbsp;&nbsp;&nbsp; 169084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 03/15/36 | 190000 | &nbsp;&nbsp;&nbsp; 186413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 03/15/34 (b) | 94000 | &nbsp;&nbsp;&nbsp; 95406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/15/64 | 36000 | &nbsp;&nbsp;&nbsp; 34329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 03/15/56 | 75000 | &nbsp;&nbsp;&nbsp; 73351 |
| Bristol-Myers Squibb Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 03/15/52 | 38000 | &nbsp;&nbsp;&nbsp; 27398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 10/26/49 | 74000 | &nbsp;&nbsp;&nbsp; 59427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 02/20/48 | 150000 | &nbsp;&nbsp;&nbsp; 126869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 02/22/54 (b) | 283000 | &nbsp;&nbsp;&nbsp; 272502 |
| Cencora, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/01/45 | 94000 | &nbsp;&nbsp;&nbsp; 78010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 02/13/33 | 55000 | &nbsp;&nbsp;&nbsp; 54078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 12/15/29 | 25000 | &nbsp;&nbsp;&nbsp; 25341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 02/13/36 | 45000 | &nbsp;&nbsp;&nbsp; 44089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 02/15/35 | 125000 | &nbsp;&nbsp;&nbsp; 125893 |
| CVS Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 04/01/40 | 238000 | &nbsp;&nbsp;&nbsp; 198665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 06/01/53 (b) | 157000 | &nbsp;&nbsp;&nbsp; 148660 |
| CVS Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.704%, 01/10/36 (144A) | 200953 | &nbsp;&nbsp;&nbsp; 189633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.880%, 01/10/28 | 98654 | &nbsp;&nbsp;&nbsp; 99021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.353%, 07/10/31 (144A) | 83517 | &nbsp;&nbsp;&nbsp; 90485 |
| Eli Lilly & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 10/15/65 | 60000 | &nbsp;&nbsp;&nbsp; 58932 |
| Merck & Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 05/17/63 | 45000 | &nbsp;&nbsp;&nbsp; 40368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 12/04/55 | 329000 | &nbsp;&nbsp;&nbsp; 319493 |
| Novartis Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 03/18/56 | 30000 | &nbsp;&nbsp;&nbsp; 30214 |
| Pfizer Investment Enterprises Pte. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 05/19/33 | 258000 | &nbsp;&nbsp;&nbsp; 257017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 05/19/53 (b) | 62000 | &nbsp;&nbsp;&nbsp; 57621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.340%, 05/19/63 | 588000 | &nbsp;&nbsp;&nbsp; 534096 |
| Pfizer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 11/15/35 | 180000 | &nbsp;&nbsp;&nbsp; 178203 |
| Takeda Pharmaceutical Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.175%, 07/09/50 | 200000 | &nbsp;&nbsp;&nbsp; 131433 |
| Zoetis, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/15/30 | 393000 | &nbsp;&nbsp;&nbsp; 356962 |
|  |  | &nbsp;&nbsp;&nbsp; 4964815 |
| **Pipelines — 0.7%** | **Pipelines — 0.7%** | **Pipelines — 0.7%** |
| Cameron LNG LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.701%, 01/15/39 (144A) | 163000 | &nbsp;&nbsp;&nbsp; 138003 |
| Cheniere Corpus Christi Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 11/15/29 (b) | 138000 | &nbsp;&nbsp;&nbsp; 134074 |
| Cheniere Energy Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 01/31/32 | 163000 | &nbsp;&nbsp;&nbsp; 148560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/29 | 488000 | &nbsp;&nbsp;&nbsp; 485865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 10/30/35 | 40000 | &nbsp;&nbsp;&nbsp; 40734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 08/15/34 | 90000 | &nbsp;&nbsp;&nbsp; 92702 |

---

**BHFTI-187**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

**Consolidated 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)** |
| Cheniere Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 10/15/28 | 391000 | &nbsp;&nbsp;&nbsp; $390012 |
| Colonial Enterprises, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.627%, 11/15/35 (144A) | 145000 | &nbsp;&nbsp;&nbsp; 144618 |
| Columbia Pipelines Holding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.999%, 11/17/32 (144A) | 225000 | &nbsp;&nbsp;&nbsp; 223518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.097%, 10/01/31 (144A) | 58000 | &nbsp;&nbsp;&nbsp; 58314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.042%, 08/15/28 (144A) | 134000 | &nbsp;&nbsp;&nbsp; 138354 |
| Columbia Pipelines Operating Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.439%, 02/15/35 (144A) (b) | 205000 | &nbsp;&nbsp;&nbsp; 207900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.927%, 08/15/30 (144A) | 63000 | &nbsp;&nbsp;&nbsp; 65942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.962%, 02/15/55 (144A) | 140000 | &nbsp;&nbsp;&nbsp; 136392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.036%, 11/15/33 (144A) | 244000 | &nbsp;&nbsp;&nbsp; 257094 |
| DT Midstream, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 06/15/29 (144A) | 370000 | &nbsp;&nbsp;&nbsp; 362215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 04/15/32 (144A) | 100000 | &nbsp;&nbsp;&nbsp; 95401 |
| Eastern Energy Gas Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 01/15/55 | 40000 | &nbsp;&nbsp;&nbsp; 40540 |
| Enbridge, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 03/27/36 | 70000 | &nbsp;&nbsp;&nbsp; 70603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 04/05/34 | 75000 | &nbsp;&nbsp;&nbsp; 77362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 5Y H15 + 3.785%, 01/15/84 (f) | 238000 | &nbsp;&nbsp;&nbsp; 251210 |
| Energy Transfer LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 01/15/43 | 150000 | &nbsp;&nbsp;&nbsp; 130074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 01/15/36 | 219000 | &nbsp;&nbsp;&nbsp; 217479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 09/01/34 | 115000 | &nbsp;&nbsp;&nbsp; 117204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 05/15/54 | 55000 | &nbsp;&nbsp;&nbsp; 51572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/29 (144A) | 633000 | &nbsp;&nbsp;&nbsp; 637936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 04/01/55 | 120000 | &nbsp;&nbsp;&nbsp; 116503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.300%, 01/15/56 (b) | 255000 | &nbsp;&nbsp;&nbsp; 251095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 5Y H15 + 2.676%, 02/15/56 (f) | 326000 | &nbsp;&nbsp;&nbsp; 322081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 02/01/31 (144A) | 106000 | &nbsp;&nbsp;&nbsp; 109945 |
| Kinder Morgan Energy Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/15/42 | 170000 | &nbsp;&nbsp;&nbsp; 153222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/01/41 | 110000 | &nbsp;&nbsp;&nbsp; 115779 |
| MPLX LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 04/01/36 | 285000 | &nbsp;&nbsp;&nbsp; 280923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 09/15/35 | 136000 | &nbsp;&nbsp;&nbsp; 135392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 04/01/55 | 175000 | &nbsp;&nbsp;&nbsp; 166637 |
| NGPL PipeCo LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 08/15/27 (144A) | 228000 | &nbsp;&nbsp;&nbsp; 228465 |
| Northern Natural Gas Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 10/16/51 (144A) | 81000 | &nbsp;&nbsp;&nbsp; 54251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 01/15/49 (144A) | 44000 | &nbsp;&nbsp;&nbsp; 34876 |
| ONEOK Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.650%, 10/01/36 | 140000 | &nbsp;&nbsp;&nbsp; 150785 |
| ONEOK, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 10/15/31 | 50000 | &nbsp;&nbsp;&nbsp; 49469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 04/01/45 | 51000 | &nbsp;&nbsp;&nbsp; 43738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 06/01/29 | 125000 | &nbsp;&nbsp;&nbsp; 127367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 10/15/35 | 225000 | &nbsp;&nbsp;&nbsp; 223514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 04/01/44 | 188000 | &nbsp;&nbsp;&nbsp; 172866 |
| Plains All American Pipeline LP/PAA Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 01/15/36 | 185000 | &nbsp;&nbsp;&nbsp; 185600 |
| Sabine Pass Liquefaction LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/15/30 | 190000 | &nbsp;&nbsp;&nbsp; 188621 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Pipelines—(Continued)** | **Pipelines—(Continued)** | **Pipelines—(Continued)** |
| South Bow USA Infrastructure Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.911%, 09/01/27 | 114000 | &nbsp;&nbsp;&nbsp; $114458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.026%, 10/01/29 | 265000 | &nbsp;&nbsp;&nbsp; 266707 |
| TransCanada PipeLines Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 03/31/34 | 90000 | &nbsp;&nbsp;&nbsp; 92551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 06/01/40 | 62000 | &nbsp;&nbsp;&nbsp; 64261 |
| Transcanada Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 08/15/76 | 347000 | &nbsp;&nbsp;&nbsp; 347367 |
| Venture Global Calcasieu Pass LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 08/15/29 (144A) | 35000 | &nbsp;&nbsp;&nbsp; 33269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 08/15/31 (144A) | 480000 | &nbsp;&nbsp;&nbsp; 445251 |
| Western Midstream Operating LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 02/01/50 (b) | 45000 | &nbsp;&nbsp;&nbsp; 37954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 04/01/44 | 94000 | &nbsp;&nbsp;&nbsp; 83622 |
|  |  | &nbsp;&nbsp;&nbsp; 9310247 |
| **Real Estate Investment Trusts — 0.4%** | **Real Estate Investment Trusts — 0.4%** | **Real Estate Investment Trusts — 0.4%** |
| Alexandria Real Estate Equities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/18/32 | 405000 | &nbsp;&nbsp;&nbsp; 338837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/15/36 | 180000 | &nbsp;&nbsp;&nbsp; 175784 |
| American Tower Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 10/15/30 | 130000 | &nbsp;&nbsp;&nbsp; 114734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 12/15/32 | 50000 | &nbsp;&nbsp;&nbsp; 49131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 02/15/29 | 382000 | &nbsp;&nbsp;&nbsp; 388475 |
| American Tower Trust #1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.652%, 03/15/48 (144A) | 160000 | &nbsp;&nbsp;&nbsp; 158265 |
| Brixmor Operating Partnership LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 04/01/28 | 80000 | &nbsp;&nbsp;&nbsp; 76782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 02/15/33 | 135000 | &nbsp;&nbsp;&nbsp; 132605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/15/34 | 70000 | &nbsp;&nbsp;&nbsp; 70991 |
| COPT Defense Properties LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 04/15/31 | 132000 | &nbsp;&nbsp;&nbsp; 119517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/15/30 | 110000 | &nbsp;&nbsp;&nbsp; 108579 |
| Crown Castle, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.100%, 04/01/31 | 125000 | &nbsp;&nbsp;&nbsp; 108910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 01/15/31 | 145000 | &nbsp;&nbsp;&nbsp; 128059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 04/01/41 | 75000 | &nbsp;&nbsp;&nbsp; 52998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 06/01/29 | 560000 | &nbsp;&nbsp;&nbsp; 573260 |
| DOC Dr. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 11/01/31 | 55000 | &nbsp;&nbsp;&nbsp; 48754 |
| Equinix Europe 2 Financing Corp. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 11/15/30 | 110000 | &nbsp;&nbsp;&nbsp; 108974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 03/15/33 | 100000 | &nbsp;&nbsp;&nbsp; 97261 |
| Essex Portfolio LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.650%, 03/15/32 | 120000 | &nbsp;&nbsp;&nbsp; 105498 |
| Extra Space Storage LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/15/29 (b) | 311000 | &nbsp;&nbsp;&nbsp; 306036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 01/15/33 | 60000 | &nbsp;&nbsp;&nbsp; 59211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/01/30 | 200000 | &nbsp;&nbsp;&nbsp; 205159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 01/15/31 | 201000 | &nbsp;&nbsp;&nbsp; 209832 |
| Goodman U.S. Finance Three LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 03/15/28 (144A) | 110000 | &nbsp;&nbsp;&nbsp; 108237 |
| Healthpeak OP LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/15/29 | 118000 | &nbsp;&nbsp;&nbsp; 114037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 02/15/35 | 80000 | &nbsp;&nbsp;&nbsp; 80247 |

---

**BHFTI-188**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

**Consolidated 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)** |
| Mid-America Apartments LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 01/15/33 | 35000 | &nbsp;&nbsp;&nbsp; $34374 |
| NNN REIT, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/15/52 | 50000 | &nbsp;&nbsp;&nbsp; 30753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 04/15/50 | 155000 | &nbsp;&nbsp;&nbsp; 98802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/15/51 | 105000 | &nbsp;&nbsp;&nbsp; 72643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 10/15/33 | 100000 | &nbsp;&nbsp;&nbsp; 102906 |
| Realty Income Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 04/15/33 | 200000 | &nbsp;&nbsp;&nbsp; 197282 |
| Safehold GL Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.850%, 01/15/32 | 167000 | &nbsp;&nbsp;&nbsp; 149559 |
| Simon Property Group LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 10/01/35 | 249000 | &nbsp;&nbsp;&nbsp; 249392 |
| UDR, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/15/28 | 100000 | &nbsp;&nbsp;&nbsp; 98358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 01/26/29 | 86000 | &nbsp;&nbsp;&nbsp; 85733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 09/01/34 | 241000 | &nbsp;&nbsp;&nbsp; 239153 |
| Ventas Realty LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 11/15/30 | 75000 | &nbsp;&nbsp;&nbsp; 75131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 04/15/49 | 88000 | &nbsp;&nbsp;&nbsp; 75563 |
| WP Carey, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 04/01/33 | 135000 | &nbsp;&nbsp;&nbsp; 112009 |
|  |  | &nbsp;&nbsp;&nbsp; 5661831 |
| **Retail — 0.0%** | **Retail — 0.0%** | **Retail — 0.0%** |
| Home Depot, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 04/15/40 | 329000 | &nbsp;&nbsp;&nbsp; 262855 |
| Lowe's Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.800%, 09/15/41 | 328000 | &nbsp;&nbsp;&nbsp; 230975 |
| McDonald's Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.300%, 10/15/37 | 30000 | &nbsp;&nbsp;&nbsp; 32884 |
|  |  | &nbsp;&nbsp;&nbsp; 526714 |
| **Savings & Loans — 0.0%** | **Savings & Loans — 0.0%** | **Savings & Loans — 0.0%** |
| Nationwide Building Society |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.960%, 07/18/30 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 195498 |
| **Semiconductors — 0.3%** | **Semiconductors — 0.3%** | **Semiconductors — 0.3%** |
| Broadcom, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.187%, 11/15/36 (144A) | 120000 | &nbsp;&nbsp;&nbsp; 100279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.419%, 04/15/33 | 566000 | &nbsp;&nbsp;&nbsp; 517564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.469%, 04/15/34 | 238000 | &nbsp;&nbsp;&nbsp; 214304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 02/15/51 | 10000 | &nbsp;&nbsp;&nbsp; 7443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 02/15/32 | 44000 | &nbsp;&nbsp;&nbsp; 43617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 02/15/36 | 237000 | &nbsp;&nbsp;&nbsp; 231060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 07/15/35 | 26000 | &nbsp;&nbsp;&nbsp; 26203 |
| Foundry JV Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 01/25/35 (144A) | 555000 | &nbsp;&nbsp;&nbsp; 581298 |
| Intel Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 11/15/49 | 110000 | &nbsp;&nbsp;&nbsp; 69498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.734%, 12/08/47 | 35000 | &nbsp;&nbsp;&nbsp; 24457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 12/15/42 | 205000 | &nbsp;&nbsp;&nbsp; 164738 |
| KLA Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 03/01/50 | 100000 | &nbsp;&nbsp;&nbsp; 68111 |
| Marvell Technology, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 04/15/31 | 430000 | &nbsp;&nbsp;&nbsp; 394625 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Semiconductors—(Continued)** | **Semiconductors—(Continued)** | **Semiconductors—(Continued)** |
| Marvell Technology, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 07/15/30 | 14000 | &nbsp;&nbsp;&nbsp; $14048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 07/15/35 | 305000 | &nbsp;&nbsp;&nbsp; 309913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 02/15/29 | 366000 | &nbsp;&nbsp;&nbsp; 377887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 09/15/33 | 165000 | &nbsp;&nbsp;&nbsp; 174616 |
| Micron Technology, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 01/15/31 | 80000 | &nbsp;&nbsp;&nbsp; 83737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 09/15/33 | 389000 | &nbsp;&nbsp;&nbsp; 415763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.050%, 11/01/35 | 135000 | &nbsp;&nbsp;&nbsp; 145671 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/15/33 | 200000 | &nbsp;&nbsp;&nbsp; 199047 |
|  |  | &nbsp;&nbsp;&nbsp; 4163879 |
| **Software — 0.3%** | **Software — 0.3%** | **Software — 0.3%** |
| Fidelity National Information Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 03/10/31 | 53000 | &nbsp;&nbsp;&nbsp; 52584 |
| Fiserv, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 07/01/49 | 60000 | &nbsp;&nbsp;&nbsp; 45367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 08/12/34 | 30000 | &nbsp;&nbsp;&nbsp; 29139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 08/11/35 (b) | 147000 | &nbsp;&nbsp;&nbsp; 142960 |
| Microsoft Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.525%, 06/01/50 | 80000 | &nbsp;&nbsp;&nbsp; 47968 |
| Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 04/01/40 | 320000 | &nbsp;&nbsp;&nbsp; 231993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 04/01/50 | 401000 | &nbsp;&nbsp;&nbsp; 242095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, 03/25/41 | 360000 | &nbsp;&nbsp;&nbsp; 256199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 11/15/37 | 130000 | &nbsp;&nbsp;&nbsp; 103239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 03/25/51 (b) | 80000 | &nbsp;&nbsp;&nbsp; 50692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/15/46 | 30000 | &nbsp;&nbsp;&nbsp; 20203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/47 | 71000 | &nbsp;&nbsp;&nbsp; 46987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 05/15/55 | 154000 | &nbsp;&nbsp;&nbsp; 101785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 09/26/32 | 75000 | &nbsp;&nbsp;&nbsp; 71426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 02/06/33 | 100000 | &nbsp;&nbsp;&nbsp; 94769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 02/04/31 (b) | 260000 | &nbsp;&nbsp;&nbsp; 254394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 05/04/33 | 365000 | &nbsp;&nbsp;&nbsp; 355320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 09/27/54 | 36000 | &nbsp;&nbsp;&nbsp; 27847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 02/06/53 | 6000 | &nbsp;&nbsp;&nbsp; 4787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 02/04/36 (b) | 153000 | &nbsp;&nbsp;&nbsp; 147108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 09/26/45 | 5000 | &nbsp;&nbsp;&nbsp; 4314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/03/55 (b) | 240000 | &nbsp;&nbsp;&nbsp; 201212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.550%, 02/04/46 | 169000 | &nbsp;&nbsp;&nbsp; 157670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 02/04/56 (b) | 320000 | &nbsp;&nbsp;&nbsp; 296993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.850%, 02/04/66 | 235000 | &nbsp;&nbsp;&nbsp; 216041 |
| Roper Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 09/15/30 | 70000 | &nbsp;&nbsp;&nbsp; 68935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/15/29 | 97000 | &nbsp;&nbsp;&nbsp; 96438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/15/32 | 53000 | &nbsp;&nbsp;&nbsp; 52372 |
| Salesforce, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.700%, 07/15/41 | 150000 | &nbsp;&nbsp;&nbsp; 102156 |
| Synopsys, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 04/01/30 (b) | 150000 | &nbsp;&nbsp;&nbsp; 151103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/32 | 110000 | &nbsp;&nbsp;&nbsp; 110955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 04/01/35 | 143000 | &nbsp;&nbsp;&nbsp; 143273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 04/01/55 (b) | 87000 | &nbsp;&nbsp;&nbsp; 83179 |

---

**BHFTI-189**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

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

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

**U.S. Treasury & Government Agencies—3.4%**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Software—(Continued)** | **Software—(Continued)** | **Software—(Continued)** |
| Take-Two Interactive Software, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 06/12/29 | 232000 | &nbsp;&nbsp;&nbsp; $237082 |
|  |  | &nbsp;&nbsp;&nbsp; 4248585 |
| **Telecommunications — 0.4%** | **Telecommunications — 0.4%** | **Telecommunications — 0.4%** |
| AT&T, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 02/01/32 | 200000 | &nbsp;&nbsp;&nbsp; 174725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/41 | 428000 | &nbsp;&nbsp;&nbsp; 331990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/15/53 | 115000 | &nbsp;&nbsp;&nbsp; 75410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.550%, 09/15/55 | 839000 | &nbsp;&nbsp;&nbsp; 545654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 11/01/45 | 205000 | &nbsp;&nbsp;&nbsp; 194073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 11/01/54 (b) | 115000 | &nbsp;&nbsp;&nbsp; 107678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/30/56 | 310000 | &nbsp;&nbsp;&nbsp; 303307 |
| Orange SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/13/36 (144A) (b) | 200000 | &nbsp;&nbsp;&nbsp; 196445 |
| Rogers Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 03/15/32 | 453000 | &nbsp;&nbsp;&nbsp; 422870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 02/15/34 | 102000 | &nbsp;&nbsp;&nbsp; 101556 |
| T-Mobile USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 02/15/29 (b) | 742000 | &nbsp;&nbsp;&nbsp; 705735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 02/15/51 | 230000 | &nbsp;&nbsp;&nbsp; 150530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 04/15/30 | 236000 | &nbsp;&nbsp;&nbsp; 229833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 05/15/32 | 175000 | &nbsp;&nbsp;&nbsp; 177513 |
| Verizon Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 01/20/31 | 690000 | &nbsp;&nbsp;&nbsp; 604935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 05/09/33 (b) | 200000 | &nbsp;&nbsp;&nbsp; 202612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.401%, 07/02/37 | 448000 | &nbsp;&nbsp;&nbsp; 446366 |
| Vodafone Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 06/28/54 (b) | 100000 | &nbsp;&nbsp;&nbsp; 94495 |
|  |  | &nbsp;&nbsp;&nbsp; 5065727 |
| **Transportation — 0.1%** | **Transportation — 0.1%** | **Transportation — 0.1%** |
| Canadian Pacific Railway Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 12/02/51 | 140000 | &nbsp;&nbsp;&nbsp; 91420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 05/15/43 | 236000 | &nbsp;&nbsp;&nbsp; 201335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 05/01/48 | 258000 | &nbsp;&nbsp;&nbsp; 223856 |
| CSX Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 05/01/37 | 60000 | &nbsp;&nbsp;&nbsp; 64910 |
| FedEx Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 05/15/41 | 89000 | &nbsp;&nbsp;&nbsp; 67004 |
| Norfolk Southern Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 08/25/51 | 285000 | &nbsp;&nbsp;&nbsp; 175046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.050%, 05/15/50 | 116000 | &nbsp;&nbsp;&nbsp; 74431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 06/15/45 | 100000 | &nbsp;&nbsp;&nbsp; 84482 |
| Union Pacific Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 09/15/67 | 70000 | &nbsp;&nbsp;&nbsp; 50603 |
|  |  | &nbsp;&nbsp;&nbsp; 1033087 |
| **Trucking & Leasing — 0.0%** | **Trucking & Leasing — 0.0%** | **Trucking & Leasing — 0.0%** |
| Avolon Holdings Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 10/10/30 (144A) (b) | 260000 | &nbsp;&nbsp;&nbsp; 258189 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $167,716,598) <br>|  | &nbsp;&nbsp;&nbsp; 165652202 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **U.S. Treasury — 3.4%** | **U.S. Treasury — 3.4%** | **U.S. Treasury — 3.4%** |
| U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 02/15/51 | 2298000 | &nbsp;&nbsp;&nbsp; $1276018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 11/15/51 | 845000 | &nbsp;&nbsp;&nbsp; 464189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/15/50 | 367000 | &nbsp;&nbsp;&nbsp; 213663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/15/51 | 500000 | &nbsp;&nbsp;&nbsp; 284668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 08/15/49 | 115000 | &nbsp;&nbsp;&nbsp; 71529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 11/15/49 | 570000 | &nbsp;&nbsp;&nbsp; 363130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 05/15/51 | 175000 | &nbsp;&nbsp;&nbsp; 109478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 08/15/42 | 1600000 | &nbsp;&nbsp;&nbsp; 1223500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/15/44 | 1211000 | &nbsp;&nbsp;&nbsp; 927266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/15/47 | 65000 | &nbsp;&nbsp;&nbsp; 48430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/15/48 | 5000 | &nbsp;&nbsp;&nbsp; 3670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 02/15/43 | 235000 | &nbsp;&nbsp;&nbsp; 188156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 05/15/42 | 1400000 | &nbsp;&nbsp;&nbsp; 1153578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 08/15/43 | 1501000 | &nbsp;&nbsp;&nbsp; 1281889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 11/15/43 | 452000 | &nbsp;&nbsp;&nbsp; 391651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 08/15/40 | 410000 | &nbsp;&nbsp;&nbsp; 375791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 05/15/43 | 265000 | &nbsp;&nbsp;&nbsp; 234867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 02/15/46 | 408000 | &nbsp;&nbsp;&nbsp; 393337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 11/15/55 (b) | 96000 | &nbsp;&nbsp;&nbsp; 91725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 05/15/55 | 154000 | &nbsp;&nbsp;&nbsp; 149951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 08/15/55 (b) | 53000 | &nbsp;&nbsp;&nbsp; 51650 |
| U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 08/31/31 | 3801000 | &nbsp;&nbsp;&nbsp; 3753784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 10/31/32 | 1328000 | &nbsp;&nbsp;&nbsp; 1300351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 02/28/33 (b) | 7418000 | &nbsp;&nbsp;&nbsp; 7248777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 08/31/32 | 6959000 | &nbsp;&nbsp;&nbsp; 6871741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 08/15/34 (b) | 1705000 | &nbsp;&nbsp;&nbsp; 1661642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/15/34 | 1117000 | &nbsp;&nbsp;&nbsp; 1101816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 05/31/32 | 525000 | &nbsp;&nbsp;&nbsp; 526374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 11/15/34 | 6364000 | &nbsp;&nbsp;&nbsp; 6362260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/31/31 | 310000 | &nbsp;&nbsp;&nbsp; 317362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/15/33 | 220000 | &nbsp;&nbsp;&nbsp; 224555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 02/15/35 (b) | 6340000 | &nbsp;&nbsp;&nbsp; 6504939 |
| U.S. Treasury STRIPS Coupon |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 02/15/31 | 665000 | &nbsp;&nbsp;&nbsp; 547715 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 02/15/36 | 1055000 | &nbsp;&nbsp;&nbsp; 682108 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 11/15/40 | 720000 | &nbsp;&nbsp;&nbsp; 351968 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 02/15/41 | 462776 | &nbsp;&nbsp;&nbsp; 222657 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury & Government Agencies <br>(Cost $50,195,603) <br>|  | &nbsp;&nbsp;&nbsp; 46976185 |
| **Agency Sponsored Mortgage-Backed Securities—3.0%** | **Agency Sponsored Mortgage-Backed Securities—3.0%** | **Agency Sponsored Mortgage-Backed Securities—3.0%** |
| **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; 2.500%, 01/15/42 | 20166 | &nbsp;&nbsp;&nbsp; 18262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/25/49 | 183607 | &nbsp;&nbsp;&nbsp; 164021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/15/41 | 765224 | &nbsp;&nbsp;&nbsp; 741264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/40 | 117000 | &nbsp;&nbsp;&nbsp; 119163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/15/37 | 105993 | &nbsp;&nbsp;&nbsp; 108945 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Seasoned Credit Risk <br> Transfer Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/25/62 | 678442 | &nbsp;&nbsp;&nbsp; 570721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 06/25/57 (e) | 668985 | &nbsp;&nbsp;&nbsp; 613919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 11/25/61 | 298947 | &nbsp;&nbsp;&nbsp; 260351 |

---

**BHFTI-190**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

**Consolidated 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 <br> Transfer Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/25/57 | 297975 | &nbsp;&nbsp;&nbsp; $278829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/25/57 | 300340 | &nbsp;&nbsp;&nbsp; 280638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/25/58 | 389372 | &nbsp;&nbsp;&nbsp; 378877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/25/58 | 327617 | &nbsp;&nbsp;&nbsp; 296250 |
| Federal National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/25/42 | 129953 | &nbsp;&nbsp;&nbsp; 123303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/25/46 | 72494 | &nbsp;&nbsp;&nbsp; 70658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/25/49 | 356675 | &nbsp;&nbsp;&nbsp; 325396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/25/42 | 116267 | &nbsp;&nbsp;&nbsp; 111778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/25/43 | 21480 | &nbsp;&nbsp;&nbsp; 21418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/25/37 | 21570 | &nbsp;&nbsp;&nbsp; 21856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/25/39 | 250000 | &nbsp;&nbsp;&nbsp; 252316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/25/40 | 65000 | &nbsp;&nbsp;&nbsp; 64556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/25/34 | 56114 | &nbsp;&nbsp;&nbsp; 58467 |
| Federal National Mortgage Association Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.620%, 11/25/33 | 144339 | &nbsp;&nbsp;&nbsp; 144177 |
| Government National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/20/43 | 14542 | &nbsp;&nbsp;&nbsp; 12328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/20/48 | 282749 | &nbsp;&nbsp;&nbsp; 266627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/20/49 | 246373 | &nbsp;&nbsp;&nbsp; 228511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/20/53 | 690123 | &nbsp;&nbsp;&nbsp; 675368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/20/37 | 52351 | &nbsp;&nbsp;&nbsp; 52347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/16/37 | 49985 | &nbsp;&nbsp;&nbsp; 49947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/16/39 | 200000 | &nbsp;&nbsp;&nbsp; 200380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/17/34 | 27381 | &nbsp;&nbsp;&nbsp; 27374 |
| Seasoned Credit Risk Transfer Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 06/25/65 | 211380 | &nbsp;&nbsp;&nbsp; 179154 |
|  |  | &nbsp;&nbsp;&nbsp; 6717201 |
| **Agency Mortgage-Backed Securities — 2.5%** | **Agency Mortgage-Backed Securities — 2.5%** | **Agency Mortgage-Backed Securities — 2.5%** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/01/49 | 586025 | &nbsp;&nbsp;&nbsp; 497865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/52 | 318634 | &nbsp;&nbsp;&nbsp; 280112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 06/01/34 | 729043 | &nbsp;&nbsp;&nbsp; 690777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/47 | 124132 | &nbsp;&nbsp;&nbsp; 118819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/48 | 140452 | &nbsp;&nbsp;&nbsp; 138145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/48 | 75099 | &nbsp;&nbsp;&nbsp; 74684 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured Credit <br> Risk<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.912%, SOFR30A + 4.250%, 05/25/52 (144A) (f) | 533706 | &nbsp;&nbsp;&nbsp; 543769 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured <br> Pass-Through Certificates<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.660%, 01/25/31 | 485000 | &nbsp;&nbsp;&nbsp; 490211 |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 01/01/31 | 500000 | &nbsp;&nbsp;&nbsp; 441828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.800%, 10/01/33 | 495776 | &nbsp;&nbsp;&nbsp; 417897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.930%, 11/01/31 | 900000 | &nbsp;&nbsp;&nbsp; 794523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.960%, 09/01/33 | 750000 | &nbsp;&nbsp;&nbsp; 628101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.140%, 12/01/33 | 430288 | &nbsp;&nbsp;&nbsp; 370478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/51 | 420446 | &nbsp;&nbsp;&nbsp; 353857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/01/51 | 507667 | &nbsp;&nbsp;&nbsp; 431531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/61 | 317870 | &nbsp;&nbsp;&nbsp; 261381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/61 | 1617277 | &nbsp;&nbsp;&nbsp; 1329860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/62 | 479572 | &nbsp;&nbsp;&nbsp; 394344 |

---

---

| | | |
|:---|:---|:---|
| **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; 2.580%, 03/01/32 | 498686 | &nbsp;&nbsp;&nbsp; $454565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.600%, 10/01/31 | 341259 | &nbsp;&nbsp;&nbsp; 314414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.770%, 08/01/33 | 914541 | &nbsp;&nbsp;&nbsp; 813073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/52 | 519334 | &nbsp;&nbsp;&nbsp; 456582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/61 | 560801 | &nbsp;&nbsp;&nbsp; 484550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.230%, 01/01/30 | 427959 | &nbsp;&nbsp;&nbsp; 414672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.330%, 04/01/35 | 445719 | &nbsp;&nbsp;&nbsp; 410128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/61 | 284817 | &nbsp;&nbsp;&nbsp; 256617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/61 | 689351 | &nbsp;&nbsp;&nbsp; 621116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/62 | 520533 | &nbsp;&nbsp;&nbsp; 473039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/62 | 479254 | &nbsp;&nbsp;&nbsp; 431816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.510%, 09/01/32 | 300000 | &nbsp;&nbsp;&nbsp; 284713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.540%, 11/01/32 | 600000 | &nbsp;&nbsp;&nbsp; 569509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.680%, 09/01/32 | 613000 | &nbsp;&nbsp;&nbsp; 589640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 09/01/32 | 720672 | &nbsp;&nbsp;&nbsp; 696924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.870%, 06/01/37 | 364000 | &nbsp;&nbsp;&nbsp; 339204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/46 | 309463 | &nbsp;&nbsp;&nbsp; 297917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/47 | 175124 | &nbsp;&nbsp;&nbsp; 167773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/47 | 244548 | &nbsp;&nbsp;&nbsp; 234209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/48 | 231879 | &nbsp;&nbsp;&nbsp; 222454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/48 | 75204 | &nbsp;&nbsp;&nbsp; 72032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/52 | 382756 | &nbsp;&nbsp;&nbsp; 362837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/59 | 445934 | &nbsp;&nbsp;&nbsp; 419875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/61 | 719123 | &nbsp;&nbsp;&nbsp; 670168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/48 | 40634 | &nbsp;&nbsp;&nbsp; 39887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/48 | 68289 | &nbsp;&nbsp;&nbsp; 66982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/48 | 5937 | &nbsp;&nbsp;&nbsp; 5825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/01/49 | 156708 | &nbsp;&nbsp;&nbsp; 154493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/49 | 82709 | &nbsp;&nbsp;&nbsp; 80824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/58 | 437246 | &nbsp;&nbsp;&nbsp; 422180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/62 | 418689 | &nbsp;&nbsp;&nbsp; 404126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.680%, 10/01/29 | 800000 | &nbsp;&nbsp;&nbsp; 810262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.970%, 12/01/30 | 535409 | &nbsp;&nbsp;&nbsp; 547951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/44 | 201999 | &nbsp;&nbsp;&nbsp; 204231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/48 | 39693 | &nbsp;&nbsp;&nbsp; 39894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/48 | 111071 | &nbsp;&nbsp;&nbsp; 112969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/48 | 135489 | &nbsp;&nbsp;&nbsp; 136259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/48 | 107150 | &nbsp;&nbsp;&nbsp; 106378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/49 | 199687 | &nbsp;&nbsp;&nbsp; 200831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/53 | 407454 | &nbsp;&nbsp;&nbsp; 403512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/55 | 276876 | &nbsp;&nbsp;&nbsp; 274803 |
| Federal National Mortgage Association-ACES |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.750%, 09/25/28 | 89274 | &nbsp;&nbsp;&nbsp; 85464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.200%, 10/25/30 | 63455 | &nbsp;&nbsp;&nbsp; 61403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.707%, 11/25/31 (f) | 1000000 | &nbsp;&nbsp;&nbsp; 869396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.822%, 10/25/30 (f) (g) | 1081753 | &nbsp;&nbsp;&nbsp; 33205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.830%, 11/25/33 (f) (g) | 6253974 | &nbsp;&nbsp;&nbsp; 360831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.926%, 07/25/30 (f) (g) | 1812573 | &nbsp;&nbsp;&nbsp; 82868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.587%, 06/25/32 (f) | 966000 | &nbsp;&nbsp;&nbsp; 875521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.759%, 08/25/32 (f) | 791814 | &nbsp;&nbsp;&nbsp; 765764 |
| FREMF Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.531%, 12/25/51 (144A) (f) | 500000 | &nbsp;&nbsp;&nbsp; 478890 |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/20/51 | 344151 | &nbsp;&nbsp;&nbsp; 296261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/20/51 | 94904 | &nbsp;&nbsp;&nbsp; 81702 |

---

**BHFTI-191**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

**Consolidated 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%, 12/20/51 | 428134 | &nbsp;&nbsp;&nbsp; $392778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/20/52 | 671375 | &nbsp;&nbsp;&nbsp; 598463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/20/52 | 408688 | &nbsp;&nbsp;&nbsp; 374196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/20/49 | 170026 | &nbsp;&nbsp;&nbsp; 160853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/20/52 | 301440 | &nbsp;&nbsp;&nbsp; 278913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 07/20/47 | 477812 | &nbsp;&nbsp;&nbsp; 456661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 12/20/48 | 394624 | &nbsp;&nbsp;&nbsp; 373441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/15/39 | 158523 | &nbsp;&nbsp;&nbsp; 156526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/20/48 | 47359 | &nbsp;&nbsp;&nbsp; 45667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/20/48 | 647377 | &nbsp;&nbsp;&nbsp; 630792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/20/48 | 203264 | &nbsp;&nbsp;&nbsp; 197585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/20/49 | 159935 | &nbsp;&nbsp;&nbsp; 155056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/20/49 | 243618 | &nbsp;&nbsp;&nbsp; 239019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/20/48 | 57478 | &nbsp;&nbsp;&nbsp; 57176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/20/48 | 203476 | &nbsp;&nbsp;&nbsp; 204724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/20/49 | 496314 | &nbsp;&nbsp;&nbsp; 499472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/20/49 | 516599 | &nbsp;&nbsp;&nbsp; 526616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/20/52 | 1113082 | &nbsp;&nbsp;&nbsp; 1107238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/20/53 | 575475 | &nbsp;&nbsp;&nbsp; 583753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/20/53 | 422156 | &nbsp;&nbsp;&nbsp; 438115 |
|  |  | &nbsp;&nbsp;&nbsp; 33795765 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Agency Sponsored Mortgage-Backed Securities <br>(Cost $42,971,498) <br>|  | &nbsp;&nbsp;&nbsp; 40512966 |
| **Asset-Backed Securities—1.1%** | **Asset-Backed Securities—1.1%** | **Asset-Backed Securities—1.1%** |
| **Asset-Backed - Automobile — 0.4%** | **Asset-Backed - Automobile — 0.4%** | **Asset-Backed - Automobile — 0.4%** |
| Bridgecrest Lending Auto Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.620%, 03/17/31 | 330000 | &nbsp;&nbsp;&nbsp; 332620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 07/16/29 | 438000 | &nbsp;&nbsp;&nbsp; 442215 |
| Carvana Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.920%, 07/10/29 (144A) | 316316 | &nbsp;&nbsp;&nbsp; 317389 |
| Credit Acceptance Auto Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.870%, 01/15/36 (144A) | 180000 | &nbsp;&nbsp;&nbsp; 180327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 10/16/34 (144A) | 500000 | &nbsp;&nbsp;&nbsp; 515891 |
| DT Auto Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.790%, 02/15/29 (144A) | 265376 | &nbsp;&nbsp;&nbsp; 265996 |
| Enterprise Fleet Financing LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.410%, 06/20/29 (144A) | 178000 | &nbsp;&nbsp;&nbsp; 178495 |
| Exeter Automobile Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.160%, 03/15/32 | 200000 | &nbsp;&nbsp;&nbsp; 198485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.510%, 08/16/32 | 300000 | &nbsp;&nbsp;&nbsp; 299626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.980%, 12/15/28 | 361882 | &nbsp;&nbsp;&nbsp; 363848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.760%, 09/15/28 | 483478 | &nbsp;&nbsp;&nbsp; 487966 |
| GLS Auto Receivables Issuer Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.970%, 01/18/28 (144A) | 164378 | &nbsp;&nbsp;&nbsp; 164284 |
| Santander Drive Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 01/15/32 | 95000 | &nbsp;&nbsp;&nbsp; 94315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.670%, 12/16/30 | 800000 | &nbsp;&nbsp;&nbsp; 805202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.690%, 02/18/31 | 800000 | &nbsp;&nbsp;&nbsp; 807109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.280%, 08/15/31 | 500000 | &nbsp;&nbsp;&nbsp; 514142 |
|  |  | &nbsp;&nbsp;&nbsp; 5967910 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Credit Card — 0.1%** | **Asset-Backed - Credit Card — 0.1%** | **Asset-Backed - Credit Card — 0.1%** |
| Continental Finance Credit Card ABS Master Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 12/17/35 (144A) | 305000 | &nbsp;&nbsp;&nbsp; $303073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.190%, 10/15/30 (144A) | 84395 | &nbsp;&nbsp;&nbsp; 84487 |
| Perimeter Master Note Business Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.580%, 12/16/30 (144A) | 350000 | &nbsp;&nbsp;&nbsp; 348304 |
|  |  | &nbsp;&nbsp;&nbsp; 735864 |
| **Asset-Backed - Other — 0.6%** | **Asset-Backed - Other — 0.6%** | **Asset-Backed - Other — 0.6%** |
| Cars Net Lease Mortgage Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 12/15/50 (144A) | 126588 | &nbsp;&nbsp;&nbsp; 121016 |
| CoreVest American Finance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.163%, 10/15/52 (144A) | 650000 | &nbsp;&nbsp;&nbsp; 624211 |
| FirstKey Homes Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/17/38 (144A) | 496000 | &nbsp;&nbsp;&nbsp; 494374 |
| FMC GMSR Issuer Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.620%, 07/25/26 (144A) (f) | 400000 | &nbsp;&nbsp;&nbsp; 383802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 10/25/26 (144A) (f) | 360000 | &nbsp;&nbsp;&nbsp; 346211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 01/25/26 (144A) (f) | 500000 | &nbsp;&nbsp;&nbsp; 494052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.190%, 04/25/27 (144A) | 400000 | &nbsp;&nbsp;&nbsp; 400557 |
| GoodLeap Home Improvement Solutions Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/20/49 (144A) | 221108 | &nbsp;&nbsp;&nbsp; 220125 |
| Hilton Grand Vacations Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 10/25/44 (144A) | 193443 | &nbsp;&nbsp;&nbsp; 192043 |
| MVW LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.210%, 09/22/42 (144A) | 182234 | &nbsp;&nbsp;&nbsp; 182402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.540%, 10/20/40 (144A) | 283798 | &nbsp;&nbsp;&nbsp; 289397 |
| NRZ Excess Spread-Collateralized Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.474%, 11/25/26 (144A) | 90439 | &nbsp;&nbsp;&nbsp; 89212 |
| Oportun Issuance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.060%, 01/09/34 (144A) | 303000 | &nbsp;&nbsp;&nbsp; 302247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.310%, 02/08/33 (144A) | 350000 | &nbsp;&nbsp;&nbsp; 349792 |
| PowerPay Issuance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.230%, 11/18/41 (144A) | 218792 | &nbsp;&nbsp;&nbsp; 218192 |
| Progress Residential Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 04/17/27 (144A) | 750000 | &nbsp;&nbsp;&nbsp; 741426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 04/17/39 (144A) | 330000 | &nbsp;&nbsp;&nbsp; 328304 |
| Purchasing Power Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.810%, 08/15/30 (144A) | 267000 | &nbsp;&nbsp;&nbsp; 265596 |
| Reach ABS Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 02/15/33 (144A) | 270000 | &nbsp;&nbsp;&nbsp; 268097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.120%, 08/18/32 (144A) | 175000 | &nbsp;&nbsp;&nbsp; 175262 |
| SCF Equipment Leasing LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.820%, 06/20/36 (144A) | 194000 | &nbsp;&nbsp;&nbsp; 192144 |
| Sierra Timeshare Receivables Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.940%, 10/20/38 (144A) | 28425 | &nbsp;&nbsp;&nbsp; 28213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.280%, 04/20/40 (144A) | 65963 | &nbsp;&nbsp;&nbsp; 67389 |
| Stream Innovations Issuer Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.780%, 08/15/46 (144A) | 400000 | &nbsp;&nbsp;&nbsp; 396833 |
| UPX HIL Issuer Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.160%, 01/25/47 (144A) | 280873 | &nbsp;&nbsp;&nbsp; 279708 |
| VM Debt Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.460%, 07/18/27 | 499794 | &nbsp;&nbsp;&nbsp; 477960 |
|  |  | &nbsp;&nbsp;&nbsp; 7928565 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities <br>(Cost $14,600,732) <br>|  | &nbsp;&nbsp;&nbsp; 14632339 |

---

**BHFTI-192**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

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

**Convertible Preferred Stocks—1.0%**

**Preferred Stocks—0.2%**

&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>|
| **Banks — 0.7%** | **Banks — 0.7%** | **Banks — 0.7%** |
| Bank of America Corp.- Series L, 7.250% | 8045 | &nbsp;&nbsp;&nbsp; $9586100 |
| **Electric Utilities — 0.3%** | **Electric Utilities — 0.3%** | **Electric Utilities — 0.3%** |
| NextEra Energy, Inc., 7.234%, 11/01/27 | 77143 | &nbsp;&nbsp;&nbsp; 4053093 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Convertible Preferred Stocks <br>(Cost $13,052,101) <br>|  | &nbsp;&nbsp;&nbsp; 13639193 |
| **Investment Companies—0.8%** | **Investment Companies—0.8%** | **Investment Companies—0.8%** |
| **Exchange-Traded Funds — 0.8%** | **Exchange-Traded Funds — 0.8%** | **Exchange-Traded Funds — 0.8%** |
| iShares JP Morgan USD Emerging Markets Bond ETF (b) | 110171 | &nbsp;&nbsp;&nbsp; 10348362 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $10,591,565) <br>|  | &nbsp;&nbsp;&nbsp; 10348362 |

---

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

---

| | | |
|:---|:---|:---|
| **Non-Agency Mortgage-Backed Securities—0.4%** | **Non-Agency Mortgage-Backed Securities—0.4%** | **Non-Agency Mortgage-Backed Securities—0.4%** |
| **Collateralized Mortgage Obligations — 0.2%** | **Collateralized Mortgage Obligations — 0.2%** | **Collateralized Mortgage Obligations — 0.2%** |
| Anchor Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.718%, 05/25/40 (144A) (e) | 165000 | &nbsp;&nbsp;&nbsp; 164808 |
| Brean Asset-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 05/25/65 (144A) (f) | 199528 | &nbsp;&nbsp;&nbsp; 195545 |
| BVRT LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.671%, SOFR30A + 0.000%, 05/10/33 (144A) (f) | 258349 | &nbsp;&nbsp;&nbsp; 250039 |
| CAFL Issuer LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.179%, 11/28/40 (144A) (e) | 165000 | &nbsp;&nbsp;&nbsp; 164696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.684%, 05/28/40 (144A) (e) | 350000 | &nbsp;&nbsp;&nbsp; 351124 |
| GS Mortgage-Backed Securities Corp. Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 12/25/60 (144A) (f) | 364682 | &nbsp;&nbsp;&nbsp; 342503 |
| LHOME Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.612%, 04/25/40 (144A) (f) | 165000 | &nbsp;&nbsp;&nbsp; 165521 |
| MOO Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/25/66 (144A) (f) | 290000 | &nbsp;&nbsp;&nbsp; 279099 |
| PRPM LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/25/53 (144A) (e) | 154954 | &nbsp;&nbsp;&nbsp; 152760 |
| Towd Point Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.918%, 11/30/60 (144A) (f) | 485936 | &nbsp;&nbsp;&nbsp; 437140 |
|  |  | &nbsp;&nbsp;&nbsp; 2503235 |
| **Commercial Mortgage-Backed Securities — 0.2%** | **Commercial Mortgage-Backed Securities — 0.2%** | **Commercial Mortgage-Backed Securities — 0.2%** |
| CSMC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.953%, 09/15/37 (144A) | 655000 | &nbsp;&nbsp;&nbsp; 599745 |
| MRCD Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.718%, 12/15/36 (144A) | 1000000 | &nbsp;&nbsp;&nbsp; 890000 |
| SBALR Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.825%, 02/13/53 (144A) | 649851 | &nbsp;&nbsp;&nbsp; 556370 |
| SLG Office Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.585%, 07/15/41 (144A) | 390000 | &nbsp;&nbsp;&nbsp; 346850 |
|  |  | &nbsp;&nbsp;&nbsp; 2392965 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Non-Agency Mortgage-Backed Securities <br>(Cost $5,219,974) <br>|  | &nbsp;&nbsp;&nbsp; 4896200 |

---

&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>|
| **Oil, Gas & Consumable Fuels — 0.2%** | **Oil, Gas & Consumable Fuels — 0.2%** | **Oil, Gas & Consumable Fuels — 0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Petroleo Brasileiro SA - Petrobras (ADR) (b) <br>(Cost $1,641,842)<br>| 128542 | &nbsp;&nbsp;&nbsp; $2410163 |

---

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

---

| | | |
|:---|:---|:---|
| **Foreign Government—0.0%** | **Foreign Government—0.0%** | **Foreign Government—0.0%** |
| **Sovereign — 0.0%** | **Sovereign — 0.0%** | **Sovereign — 0.0%** |
| Mexico Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 09/22/35 <br>(Cost $283,719)<br>| 285000 | &nbsp;&nbsp;&nbsp; 275738 |
| **Municipals—0.0%** | **Municipals—0.0%** | **Municipals—0.0%** |
| Texas Natural Gas Securitization Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.169%, 04/01/41 <br>(Cost $155,000)<br>| 155000 | &nbsp;&nbsp;&nbsp; 156981 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—15.1%** | **Short-Term Investments—15.1%** | **Short-Term Investments—15.1%** |
| **Repurchase Agreement—12.9%** | **Repurchase Agreement—12.9%** | **Repurchase Agreement—12.9%** |
| 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 $176,560,348; <br> collateralized by U.S. Treasury Notes with rates ranging from <br> 3.625% - 4.125%, maturity dates ranging from 09/30/27 - <br> 03/31/28, and an aggregate market value of <br> $180,079,297<br>| 176548087 | &nbsp;&nbsp;&nbsp; 176548087 |
| **U.S. Treasury—2.2%** | **U.S. Treasury—2.2%** | **U.S. Treasury—2.2%** |
| U.S. Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.582%, 06/30/26 (h) (i) | 407000 | &nbsp;&nbsp;&nbsp; 403341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.659%, 05/21/26 (i) (j) | 30000000 | &nbsp;&nbsp;&nbsp; 29848833 |
|  |  | &nbsp;&nbsp;&nbsp; 30252174 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investment Funds—0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Global Advisors Liquidity PLC - U.S. Treasury <br> Liquidity Fund<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.516% (k) | 29600 | &nbsp;&nbsp;&nbsp; 29600 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $206,828,583) <br>|  | &nbsp;&nbsp;&nbsp; 206829861 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (l)—2.7%** | **Securities Lending Reinvestments (l)—2.7%** | **Securities Lending Reinvestments (l)—2.7%** |
| **Short-Term Investment Funds—0.7%** | **Short-Term Investment Funds—0.7%** | **Short-Term Investment Funds—0.7%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund, <br>Select Class 3.600% (k)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (k)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Government Portfolio, <br>Class I 3.530% (k)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br>Institutional Shares 3.530% (k)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares 3.580% (k)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
|  |  | &nbsp;&nbsp;&nbsp; 10000000 |

---

**BHFTI-193**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

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

**Securities Lending Reinvestments (l)—(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>|
| **Certificate of Deposit—0.1%** | **Certificate of Deposit—0.1%** | **Certificate of Deposit—0.1%** |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.980%, SOFR + 0.350%, 05/14/26 (f) | 1000000 | &nbsp;&nbsp;&nbsp; $1000000 |
| **Repurchase Agreements—1.7%** | **Repurchase Agreements—1.7%** | **Repurchase Agreements—1.7%** |
| 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 <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 $3,060,000<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| &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; <br> collateralized by various Common Stock with an aggregate <br> market value of $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 $2,000,209; <br> collateralized by various Common Stock with an aggregate <br> market value of $2,224,562<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| Barclays Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.660%, due on <br> 04/01/26 with a maturity value of $2,000,203; <br> collateralized by U.S. Treasury Obligations with rates <br> ranging from 4.000% - 4.500%, maturity dates ranging <br> from 05/31/29 - 07/31/29, and an aggregate market <br> value of $2,040,003<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| 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; <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 $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 $3,000,308; <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 $3,060,040<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| &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; <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 $2,040,026<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| 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 $3,486,637; <br> collateralized by U.S. Treasury Obligations with rates <br> ranging from 0.000% - 4.375%, maturity dates ranging <br> from 05/15/30 - 11/15/48, and an aggregate market <br> value of $3,556,010<br>| 3486284 | &nbsp;&nbsp;&nbsp; 3486284 |
| 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 <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> $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 $200,021; <br> collateralized by various Common Stock with an aggregate <br> market value of $222,926<br>| 200000 | &nbsp;&nbsp;&nbsp; $200000 |
| &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; <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 $2,136,223<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| 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 $2,007,603; <br> collateralized by various Common Stock with an aggregate <br> market value of $2,222,464<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
|  |  | &nbsp;&nbsp;&nbsp; 23236284 |
| **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 |
| DZ Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 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; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $37,236,284) <br>|  | &nbsp;&nbsp;&nbsp; 37236284 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—101.0% <br>(Cost $1,287,621,923) <br>|  | &nbsp;&nbsp;&nbsp; 1380834246 |
| Other assets and liabilities (net)—(1.0)%  |  | &nbsp;&nbsp;&nbsp; (13739741)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1367094505 |

---

&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 $0, <br> which is 0.0% 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 $64,123,856 and the collateral received consisted of cash in the <br> amount of $37,236,284 and non-cash collateral with a value of $29,826,354. The cash <br> collateral investments are disclosed in the Consolidated Schedule of Investments and <br> categorized as Securities Lending Reinvestments. The non-cash collateral received consists of <br> U.S. government securities that are held in safe-keeping by the lending agent, or a third-<br> party custodian, and cannot be sold or repledged by the Portfolio.<br>|
| (c) | 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>|
| (d) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. <br> Level 3.<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) | Variable or floating rate security. The stated rate represents the rate at March 31, 2026.  |

---

**BHFTI-194**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

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

---

| | |
|:---|:---|
|  | 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>|
| (g) | Interest only security. |
| (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 $403,341.<br>|
| (i) | The rate shown represents current yield to maturity. |
| (j) | All or a portion of the security was pledged as collateral against open centrally cleared swap <br> contracts. As of March 31, 2026, the market value of securities pledged was $19,835,545.<br>|
| (k) | The rate shown represents the annualized seven-day yield as of March 31, 2026. |
| (l) | Represents investment of cash collateral received from securities on loan as of March 31, <br> 2026.<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> $105,417,662, which is 7.7% of net assets.<br>|

---

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

---

| | |
|:---|:---|
| **Country Diversification as of** <br>**March 31, 2026 (Unaudited)**<br>| **% of** <br>**Net Assets**<br>|
| United States | 54.5 |
| China | 4.2 |
| Japan | 3.2 |
| Germany | 2.7 |
| United Kingdom | 2.6 |
| France | 2.5 |
| South Korea | 1.9 |
| Taiwan | 1.6 |
| Spain | 1.4 |
| Netherlands | 1.2 |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Restricted Securities** | **Acquisition** <br>**Date**<br>| **Shares** | **Cost** | **Value** |
| Sberbank of Russia PJSC | 06/15/17 | &nbsp;&nbsp; 2160 | &nbsp;&nbsp; $5440 | &nbsp;&nbsp; $0 |

---

**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>|
| Euro-BTP Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; 401 | EUR | 46628280 | &nbsp;&nbsp;&nbsp; $(1673661)<br>|
| FTSE 100 Index Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; 18 | GBP | 1835820 | &nbsp;&nbsp;&nbsp; (55059)<br>|
| Hang Seng Index Futures | &nbsp;&nbsp;&nbsp; 04/29/26 | &nbsp;&nbsp;&nbsp; 215 | HKD | 266116250 | &nbsp;&nbsp;&nbsp; (179976)<br>|
| S&P 500 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 293 | USD | 96261487 | &nbsp;&nbsp;&nbsp; (2711327)<br>|
| TOPIX Index Futures | &nbsp;&nbsp;&nbsp; 06/11/26 | &nbsp;&nbsp;&nbsp; 73 | JPY | 2557920000 | &nbsp;&nbsp;&nbsp; (598081)<br>|
| U.K. Long Gilt Bond Futures | &nbsp;&nbsp;&nbsp; 06/26/26 | &nbsp;&nbsp;&nbsp; 491 | GBP | 43104890 | &nbsp;&nbsp;&nbsp; (3118046)<br>|
| U.S. Treasury Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 49 | USD | 5579875 | &nbsp;&nbsp;&nbsp; (167488)<br>|
| U.S. Treasury Note 2 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; 95 | USD | 19707305 | &nbsp;&nbsp;&nbsp; (60290)<br>|
| U.S. Treasury Ultra Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 38 | USD | 4429375 | &nbsp;&nbsp;&nbsp; (136941)<br>|

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Short** |  |  |  |  |  |
| Euro-Bund Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; (299)<br>| EUR | (37491610)<br>| &nbsp;&nbsp;&nbsp; 863670 |
| Euro-Schatz Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; (218)<br>| EUR | (23053500)<br>| &nbsp;&nbsp;&nbsp; 216459 |
| MSCI Emerging Markets Index Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; (18)<br>| USD | (1309140)<br>| &nbsp;&nbsp;&nbsp; 7367 |
| Russell 2000 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (66)<br>| USD | (8290260)<br>| &nbsp;&nbsp;&nbsp; 29888 |
| U.S. Treasury Note 5 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; (62)<br>| USD | (6707141)<br>| &nbsp;&nbsp;&nbsp; 75945 |
| U.S. Treasury Note 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (437)<br>| USD | (48527484)<br>| &nbsp;&nbsp;&nbsp; 254391 |
| U.S. Treasury Note Ultra 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (58)<br>| USD | (6583906)<br>| &nbsp;&nbsp;&nbsp; 101086 |
| Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | &nbsp;&nbsp;&nbsp; $(7152063)<br>|

---

**BHFTI-195**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

**Consolidated 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 | Annually | 3.691<br> %<br>| Annually | 02/29/36 | USD | 124000000 | &nbsp;&nbsp; $(1793859)<br>| &nbsp;&nbsp; $(73489)<br>| &nbsp;&nbsp; $(1720370)<br>|
| Pay | 12M SOFR | Annually | 3.695<br> %<br>| Annually | 08/29/36 | USD | 90360000 | &nbsp;&nbsp; (1497221)<br>| &nbsp;&nbsp; (1)<br>| &nbsp;&nbsp; (1497220)<br>|
| Pay | 12M SOFR | Annually | 3.823<br> %<br>| Annually | 06/13/36 | USD | 115000000 | &nbsp;&nbsp; (543108)<br>| &nbsp;&nbsp; (59185)<br>| &nbsp;&nbsp; (483923)<br>|
| Pay | 12M SOFR | Annually | 3.902<br> %<br>| Annually | 12/14/35 | USD | 100500000 | &nbsp;&nbsp; 359709 | &nbsp;&nbsp; — | &nbsp;&nbsp; 359709 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $(3474479)<br>| &nbsp;&nbsp; $(132674)<br>| &nbsp;&nbsp; $(3341804)<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; $3802419 | &nbsp;&nbsp;&nbsp; $7879689 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $11682108 |
| &nbsp;&nbsp;&nbsp;&nbsp; Air Freight & Logistics | &nbsp;&nbsp;&nbsp; 806035 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 806035 |
| &nbsp;&nbsp;&nbsp;&nbsp; Automobile Components | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3283062 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3283062 |
| &nbsp;&nbsp;&nbsp;&nbsp; Automobiles | &nbsp;&nbsp;&nbsp; 4941301 | &nbsp;&nbsp;&nbsp; 6212496 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11153797 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banks | &nbsp;&nbsp;&nbsp; 17686886 | &nbsp;&nbsp;&nbsp; 33439429 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 51126315 |
| &nbsp;&nbsp;&nbsp;&nbsp; Beverages | &nbsp;&nbsp;&nbsp; 3505333 | &nbsp;&nbsp;&nbsp; 1470101 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4975434 |
| &nbsp;&nbsp;&nbsp;&nbsp; Biotechnology | &nbsp;&nbsp;&nbsp; 10442087 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10442087 |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadline Retail | &nbsp;&nbsp;&nbsp; 16688797 | &nbsp;&nbsp;&nbsp; 2076253 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 18765050 |
| &nbsp;&nbsp;&nbsp;&nbsp; Building Products | &nbsp;&nbsp;&nbsp; 5217208 | &nbsp;&nbsp;&nbsp; 779350 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5996558 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp;&nbsp; 14458230 | &nbsp;&nbsp;&nbsp; 10707242 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25165472 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp;&nbsp; 666552 | &nbsp;&nbsp;&nbsp; 3038347 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3704899 |
| &nbsp;&nbsp;&nbsp;&nbsp; Communications Equipment | &nbsp;&nbsp;&nbsp; 1383034 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1383034 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction & Engineering | &nbsp;&nbsp;&nbsp; 2704507 | &nbsp;&nbsp;&nbsp; 1285981 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3990488 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction Materials | &nbsp;&nbsp;&nbsp; 496846 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 496846 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Finance | &nbsp;&nbsp;&nbsp; 4243287 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4243287 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples Distribution & Retail | &nbsp;&nbsp;&nbsp; 7489272 | &nbsp;&nbsp;&nbsp; 2052607 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9541879 |
| &nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | &nbsp;&nbsp;&nbsp; 1787362 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1787362 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Telecommunication Services | &nbsp;&nbsp;&nbsp; 2537263 | &nbsp;&nbsp;&nbsp; 5835827 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8373090 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | &nbsp;&nbsp;&nbsp; 8950799 | &nbsp;&nbsp;&nbsp; 3031807 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11982606 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | &nbsp;&nbsp;&nbsp; 3796045 | &nbsp;&nbsp;&nbsp; 4066501 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7862546 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronic Equipment, Instruments & Components | &nbsp;&nbsp;&nbsp; 4087037 | &nbsp;&nbsp;&nbsp; 5004435 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9091472 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy Equipment & Services | &nbsp;&nbsp;&nbsp; 2060390 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2060390 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp;&nbsp; 7891593 | &nbsp;&nbsp;&nbsp; 2262356 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10153949 |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial Services | &nbsp;&nbsp;&nbsp; 14593059 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14593059 |
| &nbsp;&nbsp;&nbsp;&nbsp; Food Products | &nbsp;&nbsp;&nbsp; 1318868 | &nbsp;&nbsp;&nbsp; 4340870 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5659738 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ground Transportation | &nbsp;&nbsp;&nbsp; 1535261 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1535261 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Equipment & Supplies | &nbsp;&nbsp;&nbsp; 5991235 | &nbsp;&nbsp;&nbsp; 1604212 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7595447 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Providers & Services | &nbsp;&nbsp;&nbsp; 7809404 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7809404 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care REITs | &nbsp;&nbsp;&nbsp; 999352 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 999352 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hotel & Resort REITs | &nbsp;&nbsp;&nbsp; 261208 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 261208 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure | &nbsp;&nbsp;&nbsp; 13356510 | &nbsp;&nbsp;&nbsp; 3519303 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16875813 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Durables | &nbsp;&nbsp;&nbsp; 1029026 | &nbsp;&nbsp;&nbsp; 5163033 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6192059 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Products | &nbsp;&nbsp;&nbsp; 737655 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 737655 |
| &nbsp;&nbsp;&nbsp;&nbsp; Independent Power and Renewable Electricity Producers | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1272265 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1272265 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial Conglomerates | &nbsp;&nbsp;&nbsp; 2122827 | &nbsp;&nbsp;&nbsp; 5242652 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7365479 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial REITs | &nbsp;&nbsp;&nbsp; 288370 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 288370 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp;&nbsp; 5240947 | &nbsp;&nbsp;&nbsp; 19573117 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 24814064 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interactive Media & Services | &nbsp;&nbsp;&nbsp; 21189361 | &nbsp;&nbsp;&nbsp; 3686903 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 24876264 |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp;&nbsp; 5987245 | &nbsp;&nbsp;&nbsp; 2234937 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8222182 |
| &nbsp;&nbsp;&nbsp;&nbsp; Life Sciences Tools & Services | &nbsp;&nbsp;&nbsp; 1747481 | &nbsp;&nbsp;&nbsp; 675617 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2423098 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | &nbsp;&nbsp;&nbsp; 4348057 | &nbsp;&nbsp;&nbsp; 10703765 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15051822 |
| &nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp;&nbsp; 1049327 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1049327 |
| &nbsp;&nbsp;&nbsp;&nbsp; Metals & Mining | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6815858 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6815858 |
| &nbsp;&nbsp;&nbsp;&nbsp; Multi-Utilities | &nbsp;&nbsp;&nbsp; 1566003 | &nbsp;&nbsp;&nbsp; 2468406 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4034409 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas & Consumable Fuels | &nbsp;&nbsp;&nbsp; 12833468 | &nbsp;&nbsp;&nbsp; 11365918 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 24199386 |
| &nbsp;&nbsp;&nbsp;&nbsp; Passenger Airlines | &nbsp;&nbsp;&nbsp; 1704843 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1704843 |
| &nbsp;&nbsp;&nbsp;&nbsp; Personal Care Products | &nbsp;&nbsp;&nbsp; 459666 | &nbsp;&nbsp;&nbsp; 1297295 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1756961 |

---

**BHFTI-196**

------

**Brighthouse Funds Trust I**

**JPMorgan Global Active Allocation Portfolio**

**Consolidated 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; Pharmaceuticals | &nbsp;&nbsp;&nbsp; $12637417 | &nbsp;&nbsp;&nbsp; $11422384 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $24059801 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional Services | &nbsp;&nbsp;&nbsp; 1498304 | &nbsp;&nbsp;&nbsp; 1084240 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2582544 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Management & Development | &nbsp;&nbsp;&nbsp; 773748 | &nbsp;&nbsp;&nbsp; 2020215 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2793963 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential REITs | &nbsp;&nbsp;&nbsp; 1593108 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1593108 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail REITs | &nbsp;&nbsp;&nbsp; 929029 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 929029 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | &nbsp;&nbsp;&nbsp; 38083629 | &nbsp;&nbsp;&nbsp; 34004428 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 72088057 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp; 18223422 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 18223422 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialized REITs | &nbsp;&nbsp;&nbsp; 3598815 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3598815 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Retail | &nbsp;&nbsp;&nbsp; 12436827 | &nbsp;&nbsp;&nbsp; 1101106 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13537933 |
| &nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware, Storage & Peripherals | &nbsp;&nbsp;&nbsp; 22000630 | &nbsp;&nbsp;&nbsp; 706931 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22707561 |
| &nbsp;&nbsp;&nbsp;&nbsp; Textiles, Apparel & Luxury Goods | &nbsp;&nbsp;&nbsp; 1095093 | &nbsp;&nbsp;&nbsp; 5626168 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6721261 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tobacco | &nbsp;&nbsp;&nbsp; 1984245 | &nbsp;&nbsp;&nbsp; 2679604 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4663849 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trading Companies & Distributors | &nbsp;&nbsp;&nbsp; 1559847 | &nbsp;&nbsp;&nbsp; 1907833 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3467680 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 348225570 | &nbsp;&nbsp;&nbsp; 232942543 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 581168113 |
| Total Convertible Bonds\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 256099659 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 256099659 |
| Total Corporate Bonds & Notes\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 165652202 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 165652202 |
| Total U.S. Treasury & Government Agencies\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 46976185 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 46976185 |
| Total Agency Sponsored Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 40512966 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 40512966 |
| Total Asset-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14632339 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14632339 |
| Total Convertible Preferred Stocks\* | &nbsp;&nbsp;&nbsp; 13639193 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13639193 |
| Total Investment Companies\* | &nbsp;&nbsp;&nbsp; 10348362 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10348362 |
| Total Non-Agency Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4896200 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4896200 |
| Total Preferred Stocks\* | &nbsp;&nbsp;&nbsp; 2410163 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2410163 |
| Total Foreign Government\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 275738 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 275738 |
| Total Municipals\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 156981 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 156981 |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 176548087 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 176548087 |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 29600 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 29600 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 30252174 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 30252174 |
| Total Short-Term Investments | &nbsp;&nbsp;&nbsp; 29600 | &nbsp;&nbsp;&nbsp; 206800261 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 206829861 |
| 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; Certificate of Deposit | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23236284 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23236284 |
| &nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3000000 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp; 27236284 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 37236284 |
| Total Investments | &nbsp;&nbsp;&nbsp; $384652888 | &nbsp;&nbsp;&nbsp; $996181358 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $1380834246 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(37236284)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(37236284)<br>|
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $1548806 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1548806 |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; (8700869)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (8700869)<br>|
| Total Futures Contracts | &nbsp;&nbsp;&nbsp; $(7152063)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(7152063)<br>|
| Centrally Cleared Swap Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Swap Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $359709 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $359709 |
| &nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Swap Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (3701513)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (3701513)<br>|
| Total Centrally Cleared Swap Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(3341804)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(3341804)<br>|

---

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

\* See Consolidated Schedule of Investments for additional detailed categorizations.

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

**BHFTI-197**

------

**Brighthouse Funds Trust I**

**JPMorgan Small Cap Value 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 — 0.8%** | **Aerospace & Defense — 0.8%** | **Aerospace & Defense — 0.8%** |
| AAR Corp. (a) | 5882 | &nbsp;&nbsp;&nbsp; $643844 |
| Mercury Systems, Inc. (a) | 12075 | &nbsp;&nbsp;&nbsp; 880388 |
| Park Aerospace Corp.  | 6443 | &nbsp;&nbsp;&nbsp; 176409 |
| StandardAero, Inc. (a) | 9611 | &nbsp;&nbsp;&nbsp; 248252 |
| V2X, Inc. (a) | 7241 | &nbsp;&nbsp;&nbsp; 496009 |
|  |  | &nbsp;&nbsp;&nbsp; 2444902 |
| **Air Freight & Logistics — 0.1%** | **Air Freight & Logistics — 0.1%** | **Air Freight & Logistics — 0.1%** |
| Radiant Logistics, Inc. (a) | 36426 | &nbsp;&nbsp;&nbsp; 256803 |
| **Automobile Components — 2.0%** | **Automobile Components — 2.0%** | **Automobile Components — 2.0%** |
| Adient PLC (a) | 43255 | &nbsp;&nbsp;&nbsp; 874183 |
| Dana, Inc.  | 34500 | &nbsp;&nbsp;&nbsp; 1160925 |
| Dauch Corp. (a) | 62517 | &nbsp;&nbsp;&nbsp; 370726 |
| Garrett Motion, Inc.  | 75261 | &nbsp;&nbsp;&nbsp; 1367492 |
| LCI Industries | 9221 | &nbsp;&nbsp;&nbsp; 1133999 |
| Motorcar Parts of America, Inc. (a) | 36993 | &nbsp;&nbsp;&nbsp; 409143 |
| Phinia, Inc.  | 15024 | &nbsp;&nbsp;&nbsp; 1028242 |
|  |  | &nbsp;&nbsp;&nbsp; 6344710 |
| **Automobiles — 0.1%** | **Automobiles — 0.1%** | **Automobiles — 0.1%** |
| Winnebago Industries, Inc.  | 13538 | &nbsp;&nbsp;&nbsp; 419543 |
| **Banks — 17.5%** | **Banks — 17.5%** | **Banks — 17.5%** |
| 1st Source Corp.  | 2888 | &nbsp;&nbsp;&nbsp; 199878 |
| Amerant Bancorp, Inc.  | 12653 | &nbsp;&nbsp;&nbsp; 278872 |
| Ameris Bancorp | 22767 | &nbsp;&nbsp;&nbsp; 1775598 |
| Associated Banc-Corp.  | 5063 | &nbsp;&nbsp;&nbsp; 130929 |
| Atlantic Union Bankshares Corp.  | 14252 | &nbsp;&nbsp;&nbsp; 509366 |
| Axos Financial, Inc. (a) | 12817 | &nbsp;&nbsp;&nbsp; 1090599 |
| Banc of California, Inc.  | 63677 | &nbsp;&nbsp;&nbsp; 1119442 |
| Bank of NT Butterfield & Son Ltd.  | 42879 | &nbsp;&nbsp;&nbsp; 2250290 |
| BankUnited, Inc.  | 28520 | &nbsp;&nbsp;&nbsp; 1287963 |
| BayCom Corp.  | 1903 | &nbsp;&nbsp;&nbsp; 56567 |
| Beacon Financial Corp.  | 16189 | &nbsp;&nbsp;&nbsp; 485670 |
| Bridgewater Bancshares, Inc. (a) | 17087 | &nbsp;&nbsp;&nbsp; 302440 |
| Burke & Herbert Financial Services Corp.  | 2390 | &nbsp;&nbsp;&nbsp; 148873 |
| Business First Bancshares, Inc.  | 20470 | &nbsp;&nbsp;&nbsp; 553509 |
| Byline Bancorp, Inc.  | 36994 | &nbsp;&nbsp;&nbsp; 1167901 |
| Capitol Federal Financial, Inc.  | 38169 | &nbsp;&nbsp;&nbsp; 272145 |
| Central Pacific Financial Corp.  | 11785 | &nbsp;&nbsp;&nbsp; 376649 |
| ChoiceOne Financial Services, Inc.  | 3132 | &nbsp;&nbsp;&nbsp; 88072 |
| CNB Financial Corp.  | 21268 | &nbsp;&nbsp;&nbsp; 615921 |
| Community Trust Bancorp, Inc.  | 8271 | &nbsp;&nbsp;&nbsp; 502215 |
| ConnectOne Bancorp, Inc.  | 36345 | &nbsp;&nbsp;&nbsp; 972956 |
| Customers Bancorp, Inc. (a) | 12412 | &nbsp;&nbsp;&nbsp; 861517 |
| CVB Financial Corp.  | 14929 | &nbsp;&nbsp;&nbsp; 289473 |
| Dime Community Bancshares, Inc.  | 6444 | &nbsp;&nbsp;&nbsp; 217936 |
| Eastern Bankshares, Inc.  | 90783 | &nbsp;&nbsp;&nbsp; 1775715 |
| Enterprise Financial Services Corp.  | 25788 | &nbsp;&nbsp;&nbsp; 1395389 |
| Equity Bancshares, Inc. - Class A | 9279 | &nbsp;&nbsp;&nbsp; 412080 |
| Farmers National Banc Corp.  | 27815 | &nbsp;&nbsp;&nbsp; 366045 |
| FB Financial Corp.  | 3525 | &nbsp;&nbsp;&nbsp; 183089 |
| Financial Institutions, Inc.  | 17985 | &nbsp;&nbsp;&nbsp; 570304 |
| First BanCorp | 41646 | &nbsp;&nbsp;&nbsp; 889559 |
| First Bancorp/Southern Pines NC | 2552 | &nbsp;&nbsp;&nbsp; 143805 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| First Busey Corp.  | 5891 | &nbsp;&nbsp;&nbsp; $148866 |
| First Commonwealth Financial Corp.  | 4724 | &nbsp;&nbsp;&nbsp; 83048 |
| First Financial Bancorp | 19084 | &nbsp;&nbsp;&nbsp; 532062 |
| First Financial Corp.  | 14357 | &nbsp;&nbsp;&nbsp; 907362 |
| First Interstate BancSystem, Inc. - Class A | 9265 | &nbsp;&nbsp;&nbsp; 309451 |
| First Merchants Corp.  | 25072 | &nbsp;&nbsp;&nbsp; 971039 |
| First Mid Bancshares, Inc.  | 17306 | &nbsp;&nbsp;&nbsp; 712834 |
| Five Star Bancorp | 9001 | &nbsp;&nbsp;&nbsp; 339518 |
| Glacier Bancorp, Inc.  | 11681 | &nbsp;&nbsp;&nbsp; 521790 |
| Hancock Whitney Corp.  | 15646 | &nbsp;&nbsp;&nbsp; 994929 |
| Hanmi Financial Corp.  | 24453 | &nbsp;&nbsp;&nbsp; 644581 |
| HBT Financial, Inc.  | 2229 | &nbsp;&nbsp;&nbsp; 59559 |
| Heritage Commerce Corp.  | 93342 | &nbsp;&nbsp;&nbsp; 1164908 |
| Hilltop Holdings, Inc.  | 37576 | &nbsp;&nbsp;&nbsp; 1345972 |
| Home BancShares, Inc.  | 14882 | &nbsp;&nbsp;&nbsp; 400772 |
| HomeTrust Bancshares, Inc.  | 6436 | &nbsp;&nbsp;&nbsp; 274495 |
| Horizon Bancorp, Inc.  | 50137 | &nbsp;&nbsp;&nbsp; 830770 |
| Independent Bank Corp.  | 1826 | &nbsp;&nbsp;&nbsp; 137333 |
| Mercantile Bank Corp.  | 11781 | &nbsp;&nbsp;&nbsp; 594941 |
| Metropolitan Bank Holding Corp.  | 10384 | &nbsp;&nbsp;&nbsp; 864883 |
| Mid Penn Bancorp, Inc.  | 3516 | &nbsp;&nbsp;&nbsp; 113075 |
| Midland States Bancorp, Inc.  | 4304 | &nbsp;&nbsp;&nbsp; 96022 |
| National Bank Holdings Corp. - Class A | 7377 | &nbsp;&nbsp;&nbsp; 288883 |
| Nicolet Bankshares, Inc.  | 5496 | &nbsp;&nbsp;&nbsp; 816816 |
| Northrim BanCorp, Inc.  | 11362 | &nbsp;&nbsp;&nbsp; 259963 |
| OceanFirst Financial Corp.  | 53314 | &nbsp;&nbsp;&nbsp; 961785 |
| OFG Bancorp | 9393 | &nbsp;&nbsp;&nbsp; 380041 |
| Old National Bancorp | 100887 | &nbsp;&nbsp;&nbsp; 2229603 |
| Old Second Bancorp, Inc.  | 57709 | &nbsp;&nbsp;&nbsp; 1163413 |
| Origin Bancorp, Inc.  | 22384 | &nbsp;&nbsp;&nbsp; 928041 |
| Orrstown Financial Services, Inc.  | 3213 | &nbsp;&nbsp;&nbsp; 115925 |
| Pathward Financial, Inc.  | 9785 | &nbsp;&nbsp;&nbsp; 873116 |
| Peapack-Gladstone Financial Corp. (b) | 20279 | &nbsp;&nbsp;&nbsp; 714024 |
| Provident Financial Services, Inc.  | 14442 | &nbsp;&nbsp;&nbsp; 305593 |
| QCR Holdings, Inc.  | 16473 | &nbsp;&nbsp;&nbsp; 1407618 |
| Renasant Corp.  | 11670 | &nbsp;&nbsp;&nbsp; 421637 |
| Seacoast Banking Corp. of Florida | 12457 | &nbsp;&nbsp;&nbsp; 377323 |
| Sierra Bancorp | 3833 | &nbsp;&nbsp;&nbsp; 130015 |
| Simmons First National Corp. - Class A | 52549 | &nbsp;&nbsp;&nbsp; 1022078 |
| SmartFinancial, Inc.  | 6138 | &nbsp;&nbsp;&nbsp; 239873 |
| South Plains Financial, Inc.  | 29218 | &nbsp;&nbsp;&nbsp; 1224234 |
| Southern Missouri Bancorp, Inc.  | 3015 | &nbsp;&nbsp;&nbsp; 192779 |
| Southside Bancshares, Inc.  | 12107 | &nbsp;&nbsp;&nbsp; 376407 |
| Southstate Bank Corp.  | 6480 | &nbsp;&nbsp;&nbsp; 599530 |
| Texas Capital Bancshares, Inc. (a) | 1604 | &nbsp;&nbsp;&nbsp; 152188 |
| Towne Bank | 14878 | &nbsp;&nbsp;&nbsp; 500942 |
| TriCo Bancshares | 8643 | &nbsp;&nbsp;&nbsp; 410888 |
| Trustmark Corp.  | 4195 | &nbsp;&nbsp;&nbsp; 176777 |
| UMB Financial Corp.  | 12898 | &nbsp;&nbsp;&nbsp; 1454765 |
| United Bankshares, Inc.  | 2801 | &nbsp;&nbsp;&nbsp; 116017 |
| United Community Banks, Inc.  | 11910 | &nbsp;&nbsp;&nbsp; 375046 |
| Unity Bancorp, Inc.  | 856 | &nbsp;&nbsp;&nbsp; 44366 |
| Univest Financial Corp.  | 6009 | &nbsp;&nbsp;&nbsp; 205868 |
| Valley National Bancorp | 34697 | &nbsp;&nbsp;&nbsp; 426079 |
| WesBanco, Inc.  | 20863 | &nbsp;&nbsp;&nbsp; 719565 |
| Wintrust Financial Corp.  | 4440 | &nbsp;&nbsp;&nbsp; 616894 |

---

**BHFTI-198**

------

**Brighthouse Funds Trust I**

**JPMorgan Small Cap Value 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)** |
| WSFS Financial Corp.  | 12575 | &nbsp;&nbsp;&nbsp; $823159 |
|  |  | &nbsp;&nbsp;&nbsp; 54390228 |
| **Biotechnology — 6.2%** | **Biotechnology — 6.2%** | **Biotechnology — 6.2%** |
| Agios Pharmaceuticals, Inc. (a) | 16760 | &nbsp;&nbsp;&nbsp; 566991 |
| Allogene Therapeutics, Inc. (a) | 84135 | &nbsp;&nbsp;&nbsp; 205289 |
| Annexon, Inc. (a) | 43003 | &nbsp;&nbsp;&nbsp; 238237 |
| Atrium Therapeutics, Inc. (a) | 510 | &nbsp;&nbsp;&nbsp; 6819 |
| Aurinia Pharmaceuticals, Inc. (a) | 14631 | &nbsp;&nbsp;&nbsp; 216831 |
| Beam Therapeutics, Inc. (a) | 24309 | &nbsp;&nbsp;&nbsp; 579283 |
| Bicara Therapeutics, Inc. (a) | 13669 | &nbsp;&nbsp;&nbsp; 271876 |
| Biohaven Ltd. (a) | 774 | &nbsp;&nbsp;&nbsp; 6548 |
| Celldex Therapeutics, Inc. (a) | 11543 | &nbsp;&nbsp;&nbsp; 366144 |
| Compass Therapeutics, Inc. (a) (b) | 92767 | &nbsp;&nbsp;&nbsp; 490737 |
| CRISPR Therapeutics AG (a) (b) | 13291 | &nbsp;&nbsp;&nbsp; 632253 |
| Cullinan Therapeutics, Inc. (a) | 21925 | &nbsp;&nbsp;&nbsp; 311554 |
| Cytokinetics, Inc. (a) | 20313 | &nbsp;&nbsp;&nbsp; 1338830 |
| Denali Therapeutics, Inc. (a) | 7807 | &nbsp;&nbsp;&nbsp; 149894 |
| Editas Medicine, Inc. (a) | 79484 | &nbsp;&nbsp;&nbsp; 196326 |
| Enanta Pharmaceuticals, Inc. (a) | 15142 | &nbsp;&nbsp;&nbsp; 191243 |
| Erasca, Inc. (a) | 99204 | &nbsp;&nbsp;&nbsp; 1605121 |
| Generate Biomedicines, Inc. (a) | 131034 | &nbsp;&nbsp;&nbsp; 1637925 |
| GRAIL, Inc. (a) (b) | 5999 | &nbsp;&nbsp;&nbsp; 310028 |
| Ideaya Biosciences, Inc. (a) | 16912 | &nbsp;&nbsp;&nbsp; 563508 |
| ImmunityBio, Inc. (a) (b) | 4907 | &nbsp;&nbsp;&nbsp; 37637 |
| Inhibikase Therapeutics, Inc. (a) (b) | 48783 | &nbsp;&nbsp;&nbsp; 81955 |
| Intellia Therapeutics, Inc. (a) | 21015 | &nbsp;&nbsp;&nbsp; 269412 |
| Iovance Biotherapeutics, Inc. (a) | 142596 | &nbsp;&nbsp;&nbsp; 500512 |
| Larimar Therapeutics, Inc. (a) | 52167 | &nbsp;&nbsp;&nbsp; 234752 |
| Neurogene, Inc. (a) | 2785 | &nbsp;&nbsp;&nbsp; 56146 |
| Olema Pharmaceuticals, Inc. (a) | 18106 | &nbsp;&nbsp;&nbsp; 269960 |
| ORIC Pharmaceuticals, Inc. (a) | 31152 | &nbsp;&nbsp;&nbsp; 394696 |
| Praxis Precision Medicines, Inc. (a) | 5208 | &nbsp;&nbsp;&nbsp; 1677966 |
| PTC Therapeutics, Inc. (a) | 4693 | &nbsp;&nbsp;&nbsp; 319734 |
| REGENXBIO, Inc. (a) | 47885 | &nbsp;&nbsp;&nbsp; 401276 |
| Relay Therapeutics, Inc. (a) | 53344 | &nbsp;&nbsp;&nbsp; 530773 |
| Replimune Group, Inc. (a) | 59234 | &nbsp;&nbsp;&nbsp; 453140 |
| Rocket Pharmaceuticals, Inc. (a) | 25517 | &nbsp;&nbsp;&nbsp; 91351 |
| Scholar Rock Holding Corp. (a) | 5057 | &nbsp;&nbsp;&nbsp; 248602 |
| Spyre Therapeutics, Inc. (a) | 8156 | &nbsp;&nbsp;&nbsp; 411389 |
| Syndax Pharmaceuticals, Inc. (a) | 17807 | &nbsp;&nbsp;&nbsp; 415972 |
| Tectonic Therapeutic, Inc. (a) (b) | 2510 | &nbsp;&nbsp;&nbsp; 77584 |
| Travere Therapeutics, Inc. (a) | 9883 | &nbsp;&nbsp;&nbsp; 293624 |
| Upstream Bio, Inc. (a) | 14160 | &nbsp;&nbsp;&nbsp; 127440 |
| Vanda Pharmaceuticals, Inc. (a) | 41911 | &nbsp;&nbsp;&nbsp; 289605 |
| Vaxcyte, Inc. (a) | 24161 | &nbsp;&nbsp;&nbsp; 1403996 |
| Vir Biotechnology, Inc. (a) | 27492 | &nbsp;&nbsp;&nbsp; 246328 |
| Viridian Therapeutics, Inc. (a) | 29308 | &nbsp;&nbsp;&nbsp; 573265 |
|  |  | &nbsp;&nbsp;&nbsp; 19292552 |
| **Broadline Retail — 0.1%** | **Broadline Retail — 0.1%** | **Broadline Retail — 0.1%** |
| Kohl's Corp.  | 18250 | &nbsp;&nbsp;&nbsp; 235425 |
| **Building Products — 1.8%** | **Building Products — 1.8%** | **Building Products — 1.8%** |
| Apogee Enterprises, Inc.  | 13012 | &nbsp;&nbsp;&nbsp; 436422 |
| Griffon Corp.  | 16637 | &nbsp;&nbsp;&nbsp; 1209177 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Building Products—(Continued)** | **Building Products—(Continued)** | **Building Products—(Continued)** |
| Masterbrand, Inc. (a) (b) | 51415 | &nbsp;&nbsp;&nbsp; $427259 |
| Modine Manufacturing Co. (a) | 7352 | &nbsp;&nbsp;&nbsp; 1593252 |
| Resideo Technologies, Inc. (a) | 38819 | &nbsp;&nbsp;&nbsp; 1308588 |
| UFP Industries, Inc.  | 6889 | &nbsp;&nbsp;&nbsp; 634615 |
|  |  | &nbsp;&nbsp;&nbsp; 5609313 |
| **Capital Markets — 0.7%** | **Capital Markets — 0.7%** | **Capital Markets — 0.7%** |
| BGC Group, Inc. - Class A | 33651 | &nbsp;&nbsp;&nbsp; 329107 |
| Bullish (a) (b) | 7573 | &nbsp;&nbsp;&nbsp; 270583 |
| Marex Group PLC | 18445 | &nbsp;&nbsp;&nbsp; 822278 |
| StoneX Group, Inc. (a) | 3922 | &nbsp;&nbsp;&nbsp; 316309 |
| Virtus Investment Partners, Inc.  | 2136 | &nbsp;&nbsp;&nbsp; 286972 |
|  |  | &nbsp;&nbsp;&nbsp; 2025249 |
| **Chemicals — 1.6%** | **Chemicals — 1.6%** | **Chemicals — 1.6%** |
| Avient Corp.  | 19071 | &nbsp;&nbsp;&nbsp; 692277 |
| Ecovyst, Inc. (a) | 55936 | &nbsp;&nbsp;&nbsp; 719337 |
| HB Fuller Co.  | 19019 | &nbsp;&nbsp;&nbsp; 1173092 |
| Innospec, Inc.  | 9161 | &nbsp;&nbsp;&nbsp; 668936 |
| Koppers Holdings, Inc.  | 4434 | &nbsp;&nbsp;&nbsp; 171507 |
| Mativ Holdings, Inc.  | 55898 | &nbsp;&nbsp;&nbsp; 486313 |
| Perimeter Solutions, Inc. (a) | 34879 | &nbsp;&nbsp;&nbsp; 851745 |
| Quaker Chemical Corp. (b) | 2877 | &nbsp;&nbsp;&nbsp; 357410 |
|  |  | &nbsp;&nbsp;&nbsp; 5120617 |
| **Commercial Services & Supplies — 0.7%** | **Commercial Services & Supplies — 0.7%** | **Commercial Services & Supplies — 0.7%** |
| ABM Industries, Inc.  | 26000 | &nbsp;&nbsp;&nbsp; 1001520 |
| ACCO Brands Corp.  | 17363 | &nbsp;&nbsp;&nbsp; 52089 |
| Healthcare Services Group, Inc. (a) | 37491 | &nbsp;&nbsp;&nbsp; 695458 |
| MillerKnoll, Inc.  | 27502 | &nbsp;&nbsp;&nbsp; 397679 |
|  |  | &nbsp;&nbsp;&nbsp; 2146746 |
| **Communications Equipment — 0.8%** | **Communications Equipment — 0.8%** | **Communications Equipment — 0.8%** |
| Applied Optoelectronics, Inc. (a) | 2492 | &nbsp;&nbsp;&nbsp; 210798 |
| NETGEAR, Inc. (a) | 30017 | &nbsp;&nbsp;&nbsp; 655571 |
| Viasat, Inc. (a) | 25163 | &nbsp;&nbsp;&nbsp; 1152466 |
| Vistance Networks, Inc. (a) | 26073 | &nbsp;&nbsp;&nbsp; 474529 |
|  |  | &nbsp;&nbsp;&nbsp; 2493364 |
| **Construction & Engineering — 2.2%** | **Construction & Engineering — 2.2%** | **Construction & Engineering — 2.2%** |
| API Group Corp. (a) | 12388 | &nbsp;&nbsp;&nbsp; 501962 |
| Arcosa, Inc.  | 9292 | &nbsp;&nbsp;&nbsp; 986253 |
| Fluor Corp. (a) | 16251 | &nbsp;&nbsp;&nbsp; 758109 |
| MYR Group, Inc. (a) | 6180 | &nbsp;&nbsp;&nbsp; 1744737 |
| Primoris Services Corp.  | 8579 | &nbsp;&nbsp;&nbsp; 1227140 |
| Tutor Perini Corp.  | 20878 | &nbsp;&nbsp;&nbsp; 1611573 |
|  |  | &nbsp;&nbsp;&nbsp; 6829774 |
| **Consumer Finance — 1.2%** | **Consumer Finance — 1.2%** | **Consumer Finance — 1.2%** |
| Atlanticus Holdings Corp. (a) | 3957 | &nbsp;&nbsp;&nbsp; 207624 |
| Encore Capital Group, Inc. (a) | 23095 | &nbsp;&nbsp;&nbsp; 1619421 |
| Enova International, Inc. (a) | 8810 | &nbsp;&nbsp;&nbsp; 1196662 |
| LendingClub Corp. (a) | 19446 | &nbsp;&nbsp;&nbsp; 278467 |
| PROG Holdings, Inc.  | 17858 | &nbsp;&nbsp;&nbsp; 512346 |
|  |  | &nbsp;&nbsp;&nbsp; 3814520 |

---

**BHFTI-199**

------

**Brighthouse Funds Trust I**

**JPMorgan Small Cap Value Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Consumer Staples Distribution & Retail — 1.1%** | **Consumer Staples Distribution & Retail — 1.1%** | **Consumer Staples Distribution & Retail — 1.1%** |
| Andersons, Inc.  | 21029 | &nbsp;&nbsp;&nbsp; $1509462 |
| Ingles Markets, Inc. - Class A | 7032 | &nbsp;&nbsp;&nbsp; 632106 |
| United Natural Foods, Inc. (a) | 20257 | &nbsp;&nbsp;&nbsp; 912780 |
| Village Super Market, Inc. - Class A | 5247 | &nbsp;&nbsp;&nbsp; 221581 |
|  |  | &nbsp;&nbsp;&nbsp; 3275929 |
| **Containers & Packaging — 0.3%** | **Containers & Packaging — 0.3%** | **Containers & Packaging — 0.3%** |
| Greif, Inc. - Class A | 7267 | &nbsp;&nbsp;&nbsp; 487397 |
| O-I Glass, Inc. (a) | 34978 | &nbsp;&nbsp;&nbsp; 367619 |
|  |  | &nbsp;&nbsp;&nbsp; 855016 |
| **Distributors — 0.2%** | **Distributors — 0.2%** | **Distributors — 0.2%** |
| GigaCloud Technology, Inc. - Class A (a) | 15210 | &nbsp;&nbsp;&nbsp; 690230 |
| **Diversified Consumer Services — 1.0%** | **Diversified Consumer Services — 1.0%** | **Diversified Consumer Services — 1.0%** |
| American Public Education, Inc. (a) | 6718 | &nbsp;&nbsp;&nbsp; 382120 |
| Laureate Education, Inc. (a) | 21963 | &nbsp;&nbsp;&nbsp; 765191 |
| McGraw Hill, Inc. (a) (b) | 97612 | &nbsp;&nbsp;&nbsp; 1337284 |
| Perdoceo Education Corp.  | 15584 | &nbsp;&nbsp;&nbsp; 579881 |
|  |  | &nbsp;&nbsp;&nbsp; 3064476 |
| **Diversified REITs — 1.4%** | **Diversified REITs — 1.4%** | **Diversified REITs — 1.4%** |
| American Assets Trust, Inc.  | 20788 | &nbsp;&nbsp;&nbsp; 382707 |
| Broadstone Net Lease, Inc.  | 94839 | &nbsp;&nbsp;&nbsp; 1732709 |
| Essential Properties Realty Trust, Inc.  | 68957 | &nbsp;&nbsp;&nbsp; 2093534 |
|  |  | &nbsp;&nbsp;&nbsp; 4208950 |
| **Diversified Telecommunication Services — 0.0%** | **Diversified Telecommunication Services — 0.0%** | **Diversified Telecommunication Services — 0.0%** |
| Lumen Technologies, Inc. (a) | 20926 | &nbsp;&nbsp;&nbsp; 145436 |
| **Electric Utilities — 1.7%** | **Electric Utilities — 1.7%** | **Electric Utilities — 1.7%** |
| IDACORP, Inc. (b) | 9678 | &nbsp;&nbsp;&nbsp; 1383664 |
| Oklo, Inc. (a) (b) | 10285 | &nbsp;&nbsp;&nbsp; 510033 |
| Otter Tail Corp. (b) | 18140 | &nbsp;&nbsp;&nbsp; 1592148 |
| Portland General Electric Co.  | 35225 | &nbsp;&nbsp;&nbsp; 1858823 |
|  |  | &nbsp;&nbsp;&nbsp; 5344668 |
| **Electrical Equipment — 1.4%** | **Electrical Equipment — 1.4%** | **Electrical Equipment — 1.4%** |
| Allient, Inc.  | 2861 | &nbsp;&nbsp;&nbsp; 169057 |
| Atkore, Inc.  | 14185 | &nbsp;&nbsp;&nbsp; 835638 |
| EnerSys | 14727 | &nbsp;&nbsp;&nbsp; 2558374 |
| Nextpower, Inc. - Class A (a) | 1307 | &nbsp;&nbsp;&nbsp; 157559 |
| Thermon Group Holdings, Inc. (a) | 10194 | &nbsp;&nbsp;&nbsp; 513778 |
|  |  | &nbsp;&nbsp;&nbsp; 4234406 |
| **Electronic Equipment, Instruments & Components — 2.2%** | **Electronic Equipment, Instruments & Components — 2.2%** | **Electronic Equipment, Instruments & Components — 2.2%** |
| Bel Fuse, Inc. - Class B | 2130 | &nbsp;&nbsp;&nbsp; 421697 |
| Benchmark Electronics, Inc.  | 5756 | &nbsp;&nbsp;&nbsp; 322681 |
| CTS Corp.  | 2026 | &nbsp;&nbsp;&nbsp; 96762 |
| Daktronics, Inc. (a) | 21914 | &nbsp;&nbsp;&nbsp; 428419 |
| Kimball Electronics, Inc. (a) | 13992 | &nbsp;&nbsp;&nbsp; 331470 |
| Knowles Corp. (a) | 39498 | &nbsp;&nbsp;&nbsp; 1014309 |
| nLight, Inc. (a) | 9182 | &nbsp;&nbsp;&nbsp; 523558 |
| Plexus Corp. (a) | 1054 | &nbsp;&nbsp;&nbsp; 213477 |
| Sanmina Corp. (a) | 7217 | &nbsp;&nbsp;&nbsp; 935612 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Electronic Equipment, Instruments & Components—(Continued)** | **Electronic Equipment, Instruments & Components—(Continued)** | **Electronic Equipment, Instruments & Components—(Continued)** |
| TTM Technologies, Inc. (a) | 22148 | &nbsp;&nbsp;&nbsp; $2157658 |
| Vishay Intertechnology, Inc.  | 17326 | &nbsp;&nbsp;&nbsp; 311868 |
| Vishay Precision Group, Inc. (a) | 1261 | &nbsp;&nbsp;&nbsp; 54753 |
|  |  | &nbsp;&nbsp;&nbsp; 6812264 |
| **Energy Equipment & Services — 3.7%** | **Energy Equipment & Services — 3.7%** | **Energy Equipment & Services — 3.7%** |
| Expro Group Holdings NV (a) | 45008 | &nbsp;&nbsp;&nbsp; 783589 |
| Forum Energy Technologies, Inc. (a) | 12464 | &nbsp;&nbsp;&nbsp; 731138 |
| Helix Energy Solutions Group, Inc. (a) | 12036 | &nbsp;&nbsp;&nbsp; 119036 |
| Liberty Energy, Inc.  | 47392 | &nbsp;&nbsp;&nbsp; 1364890 |
| National Energy Services Reunited Corp. (a) | 22938 | &nbsp;&nbsp;&nbsp; 492479 |
| Noble Corp. PLC | 32538 | &nbsp;&nbsp;&nbsp; 1596640 |
| Oceaneering International, Inc. (a) | 12590 | &nbsp;&nbsp;&nbsp; 446567 |
| Oil States International, Inc. (a) | 49434 | &nbsp;&nbsp;&nbsp; 575412 |
| Patterson-UTI Energy, Inc. (b) | 41582 | &nbsp;&nbsp;&nbsp; 450333 |
| ProPetro Holding Corp. (a) | 62835 | &nbsp;&nbsp;&nbsp; 905452 |
| Ranger Energy Services, Inc. - Class A | 38429 | &nbsp;&nbsp;&nbsp; 658673 |
| Transocean Ltd. (a) | 359919 | &nbsp;&nbsp;&nbsp; 2386263 |
| Valaris Ltd. (a) | 9912 | &nbsp;&nbsp;&nbsp; 971773 |
|  |  | &nbsp;&nbsp;&nbsp; 11482245 |
| **Entertainment — 0.6%** | **Entertainment — 0.6%** | **Entertainment — 0.6%** |
| Cinemark Holdings, Inc.  | 4198 | &nbsp;&nbsp;&nbsp; 119727 |
| Lionsgate Studios Corp. (a) | 81663 | &nbsp;&nbsp;&nbsp; 783148 |
| Sphere Entertainment Co. (a) | 8980 | &nbsp;&nbsp;&nbsp; 1054252 |
|  |  | &nbsp;&nbsp;&nbsp; 1957127 |
| **Financial Services — 2.6%** | **Financial Services — 2.6%** | **Financial Services — 2.6%** |
| Alerus Financial Corp.  | 5060 | &nbsp;&nbsp;&nbsp; 119973 |
| Banco Latinoamericano de Comercio Exterior SA | 6183 | &nbsp;&nbsp;&nbsp; 315828 |
| Enact Holdings, Inc.  | 12548 | &nbsp;&nbsp;&nbsp; 512084 |
| Essent Group Ltd.  | 24059 | &nbsp;&nbsp;&nbsp; 1406008 |
| HA Sustainable Infrastructure Capital, Inc.  | 23387 | &nbsp;&nbsp;&nbsp; 859472 |
| Jackson Financial, Inc. - Class A | 16967 | &nbsp;&nbsp;&nbsp; 1793751 |
| NMI Holdings, Inc. (a) | 35211 | &nbsp;&nbsp;&nbsp; 1320765 |
| PennyMac Financial Services, Inc.  | 6036 | &nbsp;&nbsp;&nbsp; 527546 |
| Radian Group, Inc.  | 31807 | &nbsp;&nbsp;&nbsp; 1052175 |
| Walker & Dunlop, Inc.  | 3943 | &nbsp;&nbsp;&nbsp; 174990 |
|  |  | &nbsp;&nbsp;&nbsp; 8082592 |
| **Food Products — 0.3%** | **Food Products — 0.3%** | **Food Products — 0.3%** |
| Dole PLC | 43653 | &nbsp;&nbsp;&nbsp; 623802 |
| Fresh Del Monte Produce, Inc.  | 5536 | &nbsp;&nbsp;&nbsp; 222879 |
|  |  | &nbsp;&nbsp;&nbsp; 846681 |
| **Gas Utilities — 1.9%** | **Gas Utilities — 1.9%** | **Gas Utilities — 1.9%** |
| Chesapeake Utilities Corp.  | 5520 | &nbsp;&nbsp;&nbsp; 697562 |
| New Jersey Resources Corp.  | 27743 | &nbsp;&nbsp;&nbsp; 1523645 |
| Southwest Gas Holdings, Inc.  | 34042 | &nbsp;&nbsp;&nbsp; 2958250 |
| Spire, Inc.  | 6831 | &nbsp;&nbsp;&nbsp; 618479 |
|  |  | &nbsp;&nbsp;&nbsp; 5797936 |
| **Ground Transportation — 0.2%** | **Ground Transportation — 0.2%** | **Ground Transportation — 0.2%** |
| ArcBest Corp.  | 6446 | &nbsp;&nbsp;&nbsp; 634029 |

---

**BHFTI-200**

------

**Brighthouse Funds Trust I**

**JPMorgan Small Cap Value Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Health Care Equipment & Supplies — 1.3%** | **Health Care Equipment & Supplies — 1.3%** | **Health Care Equipment & Supplies — 1.3%** |
| Alphatec Holdings, Inc. (a) | 48106 | &nbsp;&nbsp;&nbsp; $523393 |
| Beta Bionics, Inc. (a) | 25558 | &nbsp;&nbsp;&nbsp; 256091 |
| Embecta Corp.  | 8666 | &nbsp;&nbsp;&nbsp; 76608 |
| LivaNova PLC (a) | 17122 | &nbsp;&nbsp;&nbsp; 1088274 |
| Omnicell, Inc. (a) | 35019 | &nbsp;&nbsp;&nbsp; 1168934 |
| OraSure Technologies, Inc. (a) | 43603 | &nbsp;&nbsp;&nbsp; 130809 |
| Orthofix Medical, Inc. (a) | 27371 | &nbsp;&nbsp;&nbsp; 313946 |
| Shoulder Innovations, Inc. (a) (b) | 21681 | &nbsp;&nbsp;&nbsp; 315025 |
| Varex Imaging Corp. (a) | 28882 | &nbsp;&nbsp;&nbsp; 306438 |
|  |  | &nbsp;&nbsp;&nbsp; 4179518 |
| **Health Care Providers & Services — 0.5%** | **Health Care Providers & Services — 0.5%** | **Health Care Providers & Services — 0.5%** |
| Addus HomeCare Corp. (a) | 3287 | &nbsp;&nbsp;&nbsp; 307828 |
| Enhabit, Inc. (a) | 33987 | &nbsp;&nbsp;&nbsp; 478877 |
| Fulgent Genetics, Inc. (a) | 4590 | &nbsp;&nbsp;&nbsp; 72981 |
| Pediatrix Medical Group, Inc. (a) | 10655 | &nbsp;&nbsp;&nbsp; 227910 |
| RadNet, Inc. (a) | 4895 | &nbsp;&nbsp;&nbsp; 273582 |
| Strata Critical Medical, Inc. (a) (b) | 26253 | &nbsp;&nbsp;&nbsp; 109737 |
|  |  | &nbsp;&nbsp;&nbsp; 1470915 |
| **Health Care REITs — 1.8%** | **Health Care REITs — 1.8%** | **Health Care REITs — 1.8%** |
| American Healthcare REIT, Inc. (b) | 13903 | &nbsp;&nbsp;&nbsp; 655665 |
| CareTrust REIT, Inc.  | 45259 | &nbsp;&nbsp;&nbsp; 1658742 |
| Community Healthcare Trust, Inc.  | 5965 | &nbsp;&nbsp;&nbsp; 94784 |
| Diversified Healthcare Trust | 209847 | &nbsp;&nbsp;&nbsp; 1393384 |
| National Health Investors, Inc.  | 3680 | &nbsp;&nbsp;&nbsp; 297565 |
| Sabra Health Care REIT, Inc. (b) | 71563 | &nbsp;&nbsp;&nbsp; 1376157 |
|  |  | &nbsp;&nbsp;&nbsp; 5476297 |
| **Health Care Technology — 0.2%** | **Health Care Technology — 0.2%** | **Health Care Technology — 0.2%** |
| Health Catalyst, Inc. (a) | 32774 | &nbsp;&nbsp;&nbsp; 41623 |
| HeartFlow, Inc. (a) (b) | 15746 | &nbsp;&nbsp;&nbsp; 383100 |
| Teladoc Health, Inc. (a) (b) | 63194 | &nbsp;&nbsp;&nbsp; 344407 |
|  |  | &nbsp;&nbsp;&nbsp; 769130 |
| **Hotel & Resort REITs — 0.7%** | **Hotel & Resort REITs — 0.7%** | **Hotel & Resort REITs — 0.7%** |
| Chatham Lodging Trust | 47254 | &nbsp;&nbsp;&nbsp; 371889 |
| DiamondRock Hospitality Co.  | 27098 | &nbsp;&nbsp;&nbsp; 253908 |
| Ryman Hospitality Properties, Inc.  | 4727 | &nbsp;&nbsp;&nbsp; 436160 |
| Sunstone Hotel Investors, Inc.  | 18553 | &nbsp;&nbsp;&nbsp; 167163 |
| Xenia Hotels & Resorts, Inc.  | 65028 | &nbsp;&nbsp;&nbsp; 964365 |
|  |  | &nbsp;&nbsp;&nbsp; 2193485 |
| **Hotels, Restaurants & Leisure — 0.6%** | **Hotels, Restaurants & Leisure — 0.6%** | **Hotels, Restaurants & Leisure — 0.6%** |
| Biglari Holdings, Inc. - Class B (a) | 775 | &nbsp;&nbsp;&nbsp; 255432 |
| Black Rock Coffee Bar, Inc. - Class A (a) | 12597 | &nbsp;&nbsp;&nbsp; 162753 |
| Dine Brands Global, Inc.  | 8697 | &nbsp;&nbsp;&nbsp; 228209 |
| Jack in the Box, Inc. (a) (b) | 23260 | &nbsp;&nbsp;&nbsp; 224924 |
| Marriott Vacations Worldwide Corp.  | 9737 | &nbsp;&nbsp;&nbsp; 634074 |
| United Parks & Resorts, Inc. (a) | 10578 | &nbsp;&nbsp;&nbsp; 345478 |
|  |  | &nbsp;&nbsp;&nbsp; 1850870 |
| **Household Durables — 2.1%** | **Household Durables — 2.1%** | **Household Durables — 2.1%** |
| Beazer Homes USA, Inc. (a) | 10182 | &nbsp;&nbsp;&nbsp; 195902 |
| Century Communities, Inc. (b) | 7836 | &nbsp;&nbsp;&nbsp; 449630 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Household Durables—(Continued)** | **Household Durables—(Continued)** | **Household Durables—(Continued)** |
| Green Brick Partners, Inc. (a) | 9262 | &nbsp;&nbsp;&nbsp; $596936 |
| KB Home | 19658 | &nbsp;&nbsp;&nbsp; 1017301 |
| LGI Homes, Inc. (a) | 2107 | &nbsp;&nbsp;&nbsp; 83290 |
| M/I Homes, Inc. (a) | 10500 | &nbsp;&nbsp;&nbsp; 1285725 |
| Meritage Homes Corp.  | 14353 | &nbsp;&nbsp;&nbsp; 887589 |
| Taylor Morrison Home Corp. (a) | 29415 | &nbsp;&nbsp;&nbsp; 1713130 |
| Tri Pointe Homes, Inc. (a) | 6241 | &nbsp;&nbsp;&nbsp; 291642 |
|  |  | &nbsp;&nbsp;&nbsp; 6521145 |
| **Household Products — 0.2%** | **Household Products — 0.2%** | **Household Products — 0.2%** |
| Central Garden & Pet Co. (Non-Voting Shares) - Class A (a) | 10122 | &nbsp;&nbsp;&nbsp; 328155 |
| Spectrum Brands Holdings, Inc.  | 4484 | &nbsp;&nbsp;&nbsp; 330471 |
|  |  | &nbsp;&nbsp;&nbsp; 658626 |
| **Independent Power and Renewable Electricity Producers — 0.2%** | **Independent Power and Renewable Electricity Producers — 0.2%** | **Independent Power and Renewable Electricity Producers — 0.2%** |
| Clearway Energy, Inc. - Class A | 15883 | &nbsp;&nbsp;&nbsp; 622137 |
| Clearway Energy, Inc. - Class C | 3419 | &nbsp;&nbsp;&nbsp; 134333 |
|  |  | &nbsp;&nbsp;&nbsp; 756470 |
| **Industrial REITs — 0.6%** | **Industrial REITs — 0.6%** | **Industrial REITs — 0.6%** |
| LXP Industrial Trust | 15008 | &nbsp;&nbsp;&nbsp; 694270 |
| Terreno Realty Corp.  | 18573 | &nbsp;&nbsp;&nbsp; 1140754 |
|  |  | &nbsp;&nbsp;&nbsp; 1835024 |
| **Insurance — 1.6%** | **Insurance — 1.6%** | **Insurance — 1.6%** |
| CNO Financial Group, Inc.  | 37739 | &nbsp;&nbsp;&nbsp; 1549563 |
| Fidelis Insurance Holdings Ltd.  | 30487 | &nbsp;&nbsp;&nbsp; 582607 |
| Hamilton Insurance Group Ltd. - Class B | 26552 | &nbsp;&nbsp;&nbsp; 792046 |
| Heritage Insurance Holdings, Inc. (a) | 6216 | &nbsp;&nbsp;&nbsp; 163170 |
| Mercury General Corp.  | 7270 | &nbsp;&nbsp;&nbsp; 640850 |
| Safety Insurance Group, Inc.  | 5320 | &nbsp;&nbsp;&nbsp; 386445 |
| SiriusPoint Ltd. (a) | 19278 | &nbsp;&nbsp;&nbsp; 415248 |
| Stewart Information Services Corp.  | 3525 | &nbsp;&nbsp;&nbsp; 217070 |
| Universal Insurance Holdings, Inc.  | 4133 | &nbsp;&nbsp;&nbsp; 141183 |
|  |  | &nbsp;&nbsp;&nbsp; 4888182 |
| **Interactive Media & Services — 0.3%** | **Interactive Media & Services — 0.3%** | **Interactive Media & Services — 0.3%** |
| Webtoon Entertainment, Inc. (a) (b) | 28677 | &nbsp;&nbsp;&nbsp; 263542 |
| Ziff Davis, Inc. (a) | 13644 | &nbsp;&nbsp;&nbsp; 572502 |
|  |  | &nbsp;&nbsp;&nbsp; 836044 |
| **IT Services — 0.7%** | **IT Services — 0.7%** | **IT Services — 0.7%** |
| Applied Digital Corp. (a) (b) | 10805 | &nbsp;&nbsp;&nbsp; 256511 |
| ASGN, Inc. (a) | 19481 | &nbsp;&nbsp;&nbsp; 754110 |
| BigBear.ai Holdings, Inc. (a) (b) | 106839 | &nbsp;&nbsp;&nbsp; 376073 |
| Fastly, Inc. - Class A (a) | 28039 | &nbsp;&nbsp;&nbsp; 814813 |
| Unisys Corp. (a) | 56207 | &nbsp;&nbsp;&nbsp; 116348 |
|  |  | &nbsp;&nbsp;&nbsp; 2317855 |
| **Leisure Products — 0.4%** | **Leisure Products — 0.4%** | **Leisure Products — 0.4%** |
| Callaway Golf Co. (a) (b) | 95867 | &nbsp;&nbsp;&nbsp; 1330634 |
| **Life Sciences Tools & Services — 0.6%** | **Life Sciences Tools & Services — 0.6%** | **Life Sciences Tools & Services — 0.6%** |
| 10X Genomics, Inc. - Class A (a) | 56879 | &nbsp;&nbsp;&nbsp; 1207541 |
| Cytek Biosciences, Inc. (a) | 42345 | &nbsp;&nbsp;&nbsp; 185047 |

---

**BHFTI-201**

------

**Brighthouse Funds Trust I**

**JPMorgan Small Cap Value 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)** |
| Fortrea Holdings, Inc. (a) | 36954 | &nbsp;&nbsp;&nbsp; $348107 |
|  |  | &nbsp;&nbsp;&nbsp; 1740695 |
| **Machinery — 1.0%** | **Machinery — 1.0%** | **Machinery — 1.0%** |
| Atmus Filtration Technologies, Inc.  | 14654 | &nbsp;&nbsp;&nbsp; 831907 |
| Blue Bird Corp. (a) | 8117 | &nbsp;&nbsp;&nbsp; 460964 |
| Hillman Solutions Corp. (a) | 60490 | &nbsp;&nbsp;&nbsp; 503277 |
| Mueller Industries, Inc.  | 2800 | &nbsp;&nbsp;&nbsp; 310240 |
| Terex Corp.  | 11647 | &nbsp;&nbsp;&nbsp; 688338 |
| Worthington Enterprises, Inc.  | 3776 | &nbsp;&nbsp;&nbsp; 196881 |
|  |  | &nbsp;&nbsp;&nbsp; 2991607 |
| **Marine Transportation — 0.9%** | **Marine Transportation — 0.9%** | **Marine Transportation — 0.9%** |
| Costamare Bulkers Holdings Ltd. (a) | 3689 | &nbsp;&nbsp;&nbsp; 57069 |
| Costamare, Inc.  | 68763 | &nbsp;&nbsp;&nbsp; 1162095 |
| Matson, Inc.  | 5536 | &nbsp;&nbsp;&nbsp; 907572 |
| Safe Bulkers, Inc.  | 95743 | &nbsp;&nbsp;&nbsp; 606053 |
|  |  | &nbsp;&nbsp;&nbsp; 2732789 |
| **Media — 1.6%** | **Media — 1.6%** | **Media — 1.6%** |
| EchoStar Corp. - Class A (a) (b) | 32470 | &nbsp;&nbsp;&nbsp; 3801263 |
| John Wiley & Sons, Inc. - Class A | 15585 | &nbsp;&nbsp;&nbsp; 593788 |
| PubMatic, Inc. - Class A (a) | 29503 | &nbsp;&nbsp;&nbsp; 241335 |
| Stagwell, Inc. (a) (b) | 67356 | &nbsp;&nbsp;&nbsp; 423669 |
|  |  | &nbsp;&nbsp;&nbsp; 5060055 |
| **Metals & Mining — 3.8%** | **Metals & Mining — 3.8%** | **Metals & Mining — 3.8%** |
| Coeur Mining, Inc. (a) | 79286 | &nbsp;&nbsp;&nbsp; 1488198 |
| Commercial Metals Co.  | 35193 | &nbsp;&nbsp;&nbsp; 2161906 |
| Constellium SE (a) | 77955 | &nbsp;&nbsp;&nbsp; 1916134 |
| Hecla Mining Co.  | 103070 | &nbsp;&nbsp;&nbsp; 1920194 |
| Ivanhoe Electric, Inc. (a) | 2223 | &nbsp;&nbsp;&nbsp; 26276 |
| Materion Corp.  | 9175 | &nbsp;&nbsp;&nbsp; 1327164 |
| SSR Mining, Inc. (a) | 48282 | &nbsp;&nbsp;&nbsp; 1419491 |
| USA Rare Earth, Inc. (a) (b) | 8663 | &nbsp;&nbsp;&nbsp; 131114 |
| Warrior Met Coal, Inc.  | 14374 | &nbsp;&nbsp;&nbsp; 1338938 |
|  |  | &nbsp;&nbsp;&nbsp; 11729415 |
| **Mortgage Real Estate Investment Trusts — 1.1%** | **Mortgage Real Estate Investment Trusts — 1.1%** | **Mortgage Real Estate Investment Trusts — 1.1%** |
| Adamas Trust, Inc.  | 32848 | &nbsp;&nbsp;&nbsp; 241761 |
| Apollo Commercial Real Estate Finance, Inc.  | 27627 | &nbsp;&nbsp;&nbsp; 291741 |
| BrightSpire Capital, Inc. (b) | 78978 | &nbsp;&nbsp;&nbsp; 442277 |
| Ellington Financial, Inc.  | 53712 | &nbsp;&nbsp;&nbsp; 636487 |
| Ladder Capital Corp.  | 150749 | &nbsp;&nbsp;&nbsp; 1472818 |
| TPG RE Finance Trust, Inc.  | 40648 | &nbsp;&nbsp;&nbsp; 317461 |
|  |  | &nbsp;&nbsp;&nbsp; 3402545 |
| **Multi-Utilities — 1.0%** | **Multi-Utilities — 1.0%** | **Multi-Utilities — 1.0%** |
| Avista Corp.  | 3423 | &nbsp;&nbsp;&nbsp; 137399 |
| Black Hills Corp.  | 19929 | &nbsp;&nbsp;&nbsp; 1383272 |
| Northwestern Energy Group, Inc.  | 6277 | &nbsp;&nbsp;&nbsp; 413906 |
| Unitil Corp.  | 24559 | &nbsp;&nbsp;&nbsp; 1282962 |
|  |  | &nbsp;&nbsp;&nbsp; 3217539 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Office REITs — 1.1%** | **Office REITs — 1.1%** | **Office REITs — 1.1%** |
| COPT Defense Properties | 64996 | &nbsp;&nbsp;&nbsp; $1988878 |
| Empire State Realty Trust, Inc. - Class A | 46096 | &nbsp;&nbsp;&nbsp; 239699 |
| Piedmont Realty Trust, Inc. - Class A (a) | 79751 | &nbsp;&nbsp;&nbsp; 523964 |
| Postal Realty Trust, Inc. - Class A | 21436 | &nbsp;&nbsp;&nbsp; 397852 |
| SL Green Realty Corp. (b) | 7120 | &nbsp;&nbsp;&nbsp; 263013 |
|  |  | &nbsp;&nbsp;&nbsp; 3413406 |
| **Oil, Gas & Consumable Fuels — 5.9%** | **Oil, Gas & Consumable Fuels — 5.9%** | **Oil, Gas & Consumable Fuels — 5.9%** |
| California Resources Corp.  | 10574 | &nbsp;&nbsp;&nbsp; 731932 |
| Calumet, Inc. (a) | 16447 | &nbsp;&nbsp;&nbsp; 590447 |
| Chord Energy Corp.  | 7074 | &nbsp;&nbsp;&nbsp; 1005781 |
| Clean Energy Fuels Corp. (a) | 2043 | &nbsp;&nbsp;&nbsp; 5067 |
| CNX Resources Corp. (a) (b) | 56771 | &nbsp;&nbsp;&nbsp; 2188522 |
| Core Natural Resources, Inc.  | 1609 | &nbsp;&nbsp;&nbsp; 168511 |
| Crescent Energy Co. - Class A | 35972 | &nbsp;&nbsp;&nbsp; 485622 |
| Energy Fuels, Inc. (a) (b) | 11209 | &nbsp;&nbsp;&nbsp; 204564 |
| Excelerate Energy, Inc. - Class A | 30514 | &nbsp;&nbsp;&nbsp; 1019778 |
| Green Plains, Inc. (a) | 21986 | &nbsp;&nbsp;&nbsp; 361670 |
| Gulfport Energy Corp. (a) | 1513 | &nbsp;&nbsp;&nbsp; 320106 |
| International Seaways, Inc.  | 9195 | &nbsp;&nbsp;&nbsp; 670132 |
| Kosmos Energy Ltd. (a) | 166521 | &nbsp;&nbsp;&nbsp; 462928 |
| Magnolia Oil & Gas Corp. - Class A | 27402 | &nbsp;&nbsp;&nbsp; 865081 |
| Murphy Oil Corp.  | 14729 | &nbsp;&nbsp;&nbsp; 607571 |
| Ovintiv, Inc.  | 6768 | &nbsp;&nbsp;&nbsp; 401749 |
| Par Pacific Holdings, Inc. (a) | 31678 | &nbsp;&nbsp;&nbsp; 1984310 |
| PBF Energy, Inc. - Class A | 2870 | &nbsp;&nbsp;&nbsp; 136669 |
| Peabody Energy Corp.  | 34435 | &nbsp;&nbsp;&nbsp; 1134633 |
| Scorpio Tankers, Inc.  | 3943 | &nbsp;&nbsp;&nbsp; 294384 |
| SM Energy Co.  | 34895 | &nbsp;&nbsp;&nbsp; 1088026 |
| Teekay Corp. Ltd.  | 60190 | &nbsp;&nbsp;&nbsp; 734920 |
| Teekay Tankers Ltd. - Class A | 31919 | &nbsp;&nbsp;&nbsp; 2340301 |
| World Kinect Corp. (b) | 18373 | &nbsp;&nbsp;&nbsp; 423865 |
|  |  | &nbsp;&nbsp;&nbsp; 18226569 |
| **Passenger Airlines — 0.4%** | **Passenger Airlines — 0.4%** | **Passenger Airlines — 0.4%** |
| JetBlue Airways Corp. (a) | 72349 | &nbsp;&nbsp;&nbsp; 319782 |
| SkyWest, Inc. (a) | 9354 | &nbsp;&nbsp;&nbsp; 858978 |
| Sun Country Airlines Holdings, Inc. (a) | 8521 | &nbsp;&nbsp;&nbsp; 140767 |
|  |  | &nbsp;&nbsp;&nbsp; 1319527 |
| **Personal Care Products — 0.1%** | **Personal Care Products — 0.1%** | **Personal Care Products — 0.1%** |
| Nature's Sunshine Products, Inc. (a) | 15277 | &nbsp;&nbsp;&nbsp; 366495 |
| **Pharmaceuticals — 1.8%** | **Pharmaceuticals — 1.8%** | **Pharmaceuticals — 1.8%** |
| Aclaris Therapeutics, Inc. (a) | 75268 | &nbsp;&nbsp;&nbsp; 282255 |
| Alumis, Inc. (a) | 20833 | &nbsp;&nbsp;&nbsp; 458951 |
| Amylyx Pharmaceuticals, Inc. (a) | 14699 | &nbsp;&nbsp;&nbsp; 204316 |
| Atea Pharmaceuticals, Inc. (a) | 35833 | &nbsp;&nbsp;&nbsp; 192782 |
| BioAge Labs, Inc. (a) | 12639 | &nbsp;&nbsp;&nbsp; 221056 |
| Definium Therapeutics, Inc. (a) | 21672 | &nbsp;&nbsp;&nbsp; 409601 |
| Ligand Pharmaceuticals, Inc. (a) | 3616 | &nbsp;&nbsp;&nbsp; 721934 |
| Maze Therapeutics, Inc. (a) | 6002 | &nbsp;&nbsp;&nbsp; 179160 |
| MBX Biosciences, Inc. (a) | 11619 | &nbsp;&nbsp;&nbsp; 346827 |
| Nuvation Bio, Inc. (a) | 75707 | &nbsp;&nbsp;&nbsp; 324783 |
| Phathom Pharmaceuticals, Inc. (a) | 12797 | &nbsp;&nbsp;&nbsp; 142175 |
| Prestige Consumer Healthcare, Inc. (a) | 3383 | &nbsp;&nbsp;&nbsp; 200510 |

---

**BHFTI-202**

------

**Brighthouse Funds Trust I**

**JPMorgan Small Cap Value 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)** |
| Septerna, Inc. (a) | 8522 | &nbsp;&nbsp;&nbsp; $204784 |
| Supernus Pharmaceuticals, Inc. (a) | 10118 | &nbsp;&nbsp;&nbsp; 522999 |
| Terns Pharmaceuticals, Inc. (a) | 16530 | &nbsp;&nbsp;&nbsp; 871462 |
| WaVe Life Sciences Ltd. (a) | 23062 | &nbsp;&nbsp;&nbsp; 167199 |
|  |  | &nbsp;&nbsp;&nbsp; 5450794 |
| **Professional Services — 0.1%** | **Professional Services — 0.1%** | **Professional Services — 0.1%** |
| Alight, Inc. - Class A | 13783 | &nbsp;&nbsp;&nbsp; 8031 |
| IBEX Holdings Ltd. (a) | 6159 | &nbsp;&nbsp;&nbsp; 165185 |
| Kelly Services, Inc. - Class A | 17291 | &nbsp;&nbsp;&nbsp; 153025 |
|  |  | &nbsp;&nbsp;&nbsp; 326241 |
| **Real Estate Management & Development — 0.5%** | **Real Estate Management & Development — 0.5%** | **Real Estate Management & Development — 0.5%** |
| Compass, Inc. - Class A (a) | 59450 | &nbsp;&nbsp;&nbsp; 434579 |
| Cushman & Wakefield Ltd. (a) | 27652 | &nbsp;&nbsp;&nbsp; 339014 |
| Newmark Group, Inc. - Class A | 48542 | &nbsp;&nbsp;&nbsp; 727645 |
|  |  | &nbsp;&nbsp;&nbsp; 1501238 |
| **Residential REITs — 0.4%** | **Residential REITs — 0.4%** | **Residential REITs — 0.4%** |
| Centerspace | 3279 | &nbsp;&nbsp;&nbsp; 188379 |
| Independence Realty Trust, Inc.  | 46390 | &nbsp;&nbsp;&nbsp; 690747 |
| UMH Properties, Inc.  | 8349 | &nbsp;&nbsp;&nbsp; 120476 |
| Veris Residential, Inc.  | 14144 | &nbsp;&nbsp;&nbsp; 266897 |
|  |  | &nbsp;&nbsp;&nbsp; 1266499 |
| **Retail REITs — 2.2%** | **Retail REITs — 2.2%** | **Retail REITs — 2.2%** |
| Agree Realty Corp.  | 1335 | &nbsp;&nbsp;&nbsp; 100632 |
| Curbline Properties Corp.  | 36204 | &nbsp;&nbsp;&nbsp; 933701 |
| Getty Realty Corp.  | 15536 | &nbsp;&nbsp;&nbsp; 494045 |
| InvenTrust Properties Corp.  | 26275 | &nbsp;&nbsp;&nbsp; 800336 |
| Kite Realty Group Trust | 51101 | &nbsp;&nbsp;&nbsp; 1254530 |
| Macerich Co.  | 52886 | &nbsp;&nbsp;&nbsp; 999545 |
| NETSTREIT Corp. (b) | 38419 | &nbsp;&nbsp;&nbsp; 723430 |
| Phillips Edison & Co., Inc.  | 34611 | &nbsp;&nbsp;&nbsp; 1295144 |
| Tanger, Inc.  | 11287 | &nbsp;&nbsp;&nbsp; 383532 |
|  |  | &nbsp;&nbsp;&nbsp; 6984895 |
| **Semiconductors & Semiconductor Equipment — 1.7%** | **Semiconductors & Semiconductor Equipment — 1.7%** | **Semiconductors & Semiconductor Equipment — 1.7%** |
| ACM Research, Inc. - Class A (a) | 18897 | &nbsp;&nbsp;&nbsp; 743597 |
| Aehr Test Systems (a) (b) | 22995 | &nbsp;&nbsp;&nbsp; 852655 |
| Ambarella, Inc. (a) | 3161 | &nbsp;&nbsp;&nbsp; 162712 |
| Diodes, Inc. (a) | 10168 | &nbsp;&nbsp;&nbsp; 694068 |
| FormFactor, Inc. (a) | 4159 | &nbsp;&nbsp;&nbsp; 403381 |
| Ichor Holdings Ltd. (a) | 6369 | &nbsp;&nbsp;&nbsp; 296859 |
| Kulicke & Soffa Industries, Inc.  | 4042 | &nbsp;&nbsp;&nbsp; 265640 |
| Navitas Semiconductor Corp. (a) (b) | 30679 | &nbsp;&nbsp;&nbsp; 269055 |
| Penguin Solutions, Inc. (a) (b) | 8055 | &nbsp;&nbsp;&nbsp; 141768 |
| Synaptics, Inc. (a) | 8337 | &nbsp;&nbsp;&nbsp; 583924 |
| Ultra Clean Holdings, Inc. (a) | 9336 | &nbsp;&nbsp;&nbsp; 580512 |
| Veeco Instruments, Inc. (a) | 8936 | &nbsp;&nbsp;&nbsp; 302573 |
|  |  | &nbsp;&nbsp;&nbsp; 5296744 |
| **Software — 2.8%** | **Software — 2.8%** | **Software — 2.8%** |
| Adeia, Inc.  | 39804 | &nbsp;&nbsp;&nbsp; 956490 |
| Arteris, Inc. (a) | 5489 | &nbsp;&nbsp;&nbsp; 90239 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Software—(Continued)** | **Software—(Continued)** | **Software—(Continued)** |
| Bit Digital, Inc. (a) | 98653 | &nbsp;&nbsp;&nbsp; $129235 |
| Box, Inc. - Class A (a) | 12781 | &nbsp;&nbsp;&nbsp; 302143 |
| Cipher Digital, Inc. (a) | 83199 | &nbsp;&nbsp;&nbsp; 1070771 |
| Cleanspark, Inc. (a) (b) | 76600 | &nbsp;&nbsp;&nbsp; 651866 |
| Consensus Cloud Solutions, Inc. (a) | 11033 | &nbsp;&nbsp;&nbsp; 261923 |
| Core Scientific, Inc. (a) | 15398 | &nbsp;&nbsp;&nbsp; 230354 |
| Digital Turbine, Inc. (a) | 77584 | &nbsp;&nbsp;&nbsp; 223442 |
| Hut 8 Corp. (a) (b) | 21660 | &nbsp;&nbsp;&nbsp; 1016071 |
| LiveRamp Holdings, Inc. (a) | 18548 | &nbsp;&nbsp;&nbsp; 491893 |
| MARA Holdings, Inc. (a) (b) | 131377 | &nbsp;&nbsp;&nbsp; 1072036 |
| Mitek Systems, Inc. (a) | 13322 | &nbsp;&nbsp;&nbsp; 179847 |
| NCR Voyix Corp. (a) | 23603 | &nbsp;&nbsp;&nbsp; 149407 |
| OneSpan, Inc.  | 23201 | &nbsp;&nbsp;&nbsp; 244307 |
| Porch Group, Inc. (a) | 41791 | &nbsp;&nbsp;&nbsp; 299642 |
| Riot Platforms, Inc. (a) | 86220 | &nbsp;&nbsp;&nbsp; 1065679 |
| Terawulf, Inc. (a) (b) | 15295 | &nbsp;&nbsp;&nbsp; 220707 |
| Xperi, Inc. (a) | 4735 | &nbsp;&nbsp;&nbsp; 26516 |
|  |  | &nbsp;&nbsp;&nbsp; 8682568 |
| **Specialized REITs — 0.5%** | **Specialized REITs — 0.5%** | **Specialized REITs — 0.5%** |
| Four Corners Property Trust, Inc.  | 28598 | &nbsp;&nbsp;&nbsp; 676343 |
| Outfront Media, Inc.  | 14225 | &nbsp;&nbsp;&nbsp; 376962 |
| Rayonier, Inc.  | 27967 | &nbsp;&nbsp;&nbsp; 576680 |
|  |  | &nbsp;&nbsp;&nbsp; 1629985 |
| **Specialty Retail — 2.1%** | **Specialty Retail — 2.1%** | **Specialty Retail — 2.1%** |
| American Eagle Outfitters, Inc.  | 45128 | &nbsp;&nbsp;&nbsp; 753638 |
| Arko Corp.  | 95937 | &nbsp;&nbsp;&nbsp; 533410 |
| Asbury Automotive Group, Inc. (a) | 2051 | &nbsp;&nbsp;&nbsp; 400786 |
| Group 1 Automotive, Inc.  | 970 | &nbsp;&nbsp;&nbsp; 320711 |
| MarineMax, Inc. (a) | 18490 | &nbsp;&nbsp;&nbsp; 500339 |
| National Vision Holdings, Inc. (a) | 15369 | &nbsp;&nbsp;&nbsp; 398057 |
| RealReal, Inc. (a) | 57258 | &nbsp;&nbsp;&nbsp; 519903 |
| Signet Jewelers Ltd.  | 22272 | &nbsp;&nbsp;&nbsp; 1885102 |
| Victoria's Secret & Co. (a) | 22512 | &nbsp;&nbsp;&nbsp; 1043656 |
| Zumiez, Inc. (a) | 14033 | &nbsp;&nbsp;&nbsp; 310971 |
|  |  | &nbsp;&nbsp;&nbsp; 6666573 |
| **Technology Hardware, Storage & Peripherals — 0.1%** | **Technology Hardware, Storage & Peripherals — 0.1%** | **Technology Hardware, Storage & Peripherals — 0.1%** |
| Turtle Beach Corp. (a) | 18525 | &nbsp;&nbsp;&nbsp; 187844 |
| **Textiles, Apparel & Luxury Goods — 0.2%** | **Textiles, Apparel & Luxury Goods — 0.2%** | **Textiles, Apparel & Luxury Goods — 0.2%** |
| Capri Holdings Ltd. (a) | 40455 | &nbsp;&nbsp;&nbsp; 712817 |
| **Tobacco — 0.0%** | **Tobacco — 0.0%** | **Tobacco — 0.0%** |
| Turning Point Brands, Inc.  | 1546 | &nbsp;&nbsp;&nbsp; 134177 |
| **Trading Companies & Distributors — 1.5%** | **Trading Companies & Distributors — 1.5%** | **Trading Companies & Distributors — 1.5%** |
| BlueLinx Holdings, Inc. (a) | 3897 | &nbsp;&nbsp;&nbsp; 211140 |
| Boise Cascade Co.  | 11979 | &nbsp;&nbsp;&nbsp; 908607 |
| GATX Corp.  | 5045 | &nbsp;&nbsp;&nbsp; 861383 |
| Hudson Technologies, Inc. (a) | 14007 | &nbsp;&nbsp;&nbsp; 82361 |
| Rush Enterprises, Inc. - Class A | 17292 | &nbsp;&nbsp;&nbsp; 1143174 |
| WESCO International, Inc.  | 5201 | &nbsp;&nbsp;&nbsp; 1423098 |
|  |  | &nbsp;&nbsp;&nbsp; 4629763 |

---

**BHFTI-203**

------

**Brighthouse Funds Trust I**

**JPMorgan Small 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>|
| **Water Utilities — 0.6%** | **Water Utilities — 0.6%** | **Water Utilities — 0.6%** |
| American States Water Co.  | 4597 | &nbsp;&nbsp;&nbsp; $347625 |
| Consolidated Water Co. Ltd.  | 48824 | &nbsp;&nbsp;&nbsp; 1617051 |
|  |  | &nbsp;&nbsp;&nbsp; 1964676 |
| **Wireless Telecommunication Services — 0.2%** | **Wireless Telecommunication Services — 0.2%** | **Wireless Telecommunication Services — 0.2%** |
| Spok Holdings, Inc.  | 10464 | &nbsp;&nbsp;&nbsp; 114058 |
| Telephone & Data Systems, Inc.  | 8311 | &nbsp;&nbsp;&nbsp; 349893 |
|  |  | &nbsp;&nbsp;&nbsp; 463951 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $264,456,990) <br>|  | &nbsp;&nbsp;&nbsp; 304039333 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—2.1%** | **Short-Term Investments—2.1%** | **Short-Term Investments—2.1%** |
| **Repurchase Agreement—2.1%** | **Repurchase Agreement—2.1%** | **Repurchase Agreement—2.1%** |
| 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 $6,413,367; collateralized <br> by U.S. Treasury Note at 4.375%, maturing 07/15/27, with a <br> market value of $6,541,223<br>| 6412922 | &nbsp;&nbsp;&nbsp; 6412922 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $6,412,922) <br>|  | &nbsp;&nbsp;&nbsp; 6412922 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (c)—2.2%** | **Securities Lending Reinvestments (c)—2.2%** | **Securities Lending Reinvestments (c)—2.2%** |
| **Short-Term Investment Funds—1.0%** | **Short-Term Investment Funds—1.0%** | **Short-Term Investment Funds—1.0%** |
| &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; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares 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>| 1100000 | &nbsp;&nbsp;&nbsp; 1100000 |
|  |  | &nbsp;&nbsp;&nbsp; 3100000 |

---

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

---

| | | |
|:---|:---|:---|
| **Repurchase Agreements—1.2%** | **Repurchase Agreements—1.2%** | **Repurchase Agreements—1.2%** |
| 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 $500,051; collateralized by <br> various Common Stock with an aggregate market value of <br> $556,141<br>| 500000 | &nbsp;&nbsp;&nbsp; 500000 |
| Barclays Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.660%, 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 4.000% - <br> 4.500%, maturity dates ranging from 05/31/29 - 07/31/29, <br> and an aggregate market value of $1,020,001<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |

---

---

| | | |
|:---|:---|:---|
| **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 $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 |
| 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 $1,141,693; collateralized <br> by 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 $1,164,409<br>| 1141578 | &nbsp;&nbsp;&nbsp; 1141578 |
| 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 various <br> Common Stock with an aggregate market value of $55,549<br>| 50000 | &nbsp;&nbsp;&nbsp; 50000 |
| 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 $100,010; collateralized by <br> various Common Stock with an aggregate market value of <br> $111,463<br>| 100000 | &nbsp;&nbsp;&nbsp; 100000 |
|  |  | &nbsp;&nbsp;&nbsp; 3791578 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $6,891,578) <br>|  | &nbsp;&nbsp;&nbsp; 6891578 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—102.1% <br>(Cost $277,761,490) <br>|  | &nbsp;&nbsp;&nbsp; 317343833 |
| Other assets and liabilities (net)—(2.1)%  |  | &nbsp;&nbsp;&nbsp; (6593699)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $310750134 |

---

&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 $18,008,782 and the collateral received consisted of cash in the amount of $6,891,578 and non-cash collateral with a value of $10,785,213. 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.

**BHFTI-204**

------

**Brighthouse Funds Trust I**

**JPMorgan Small Cap Value 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; 57 | USD | 7159770 | &nbsp;&nbsp;&nbsp; $3442 |

---

**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; $304039333 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $304039333 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6412922 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6412922 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 3100000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3100000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3791578 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3791578 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 3100000 | &nbsp;&nbsp;&nbsp; 3791578 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6891578 |
| Total Investments | &nbsp;&nbsp;&nbsp; $307139333 | &nbsp;&nbsp;&nbsp; $10204500 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $317343833 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(6891578)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(6891578)<br>|
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $3442 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $3442 |

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-205**

------

**Brighthouse Funds Trust I**

**Loomis Sayles Global Allocation Portfolio**

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

**Common Stocks—66.7% 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>|
| **Banks — 1.8%** | **Banks — 1.8%** | **Banks — 1.8%** |
| JPMorgan Chase & Co.  | 21030 | &nbsp;&nbsp;&nbsp; $6186185 |
| **Broadline Retail — 3.3%** | **Broadline Retail — 3.3%** | **Broadline Retail — 3.3%** |
| Amazon.com, Inc. (a) | 55697 | &nbsp;&nbsp;&nbsp; 11600014 |
| **Building Products — 2.0%** | **Building Products — 2.0%** | **Building Products — 2.0%** |
| Trane Technologies PLC | 16343 | &nbsp;&nbsp;&nbsp; 6810782 |
| **Capital Markets — 7.6%** | **Capital Markets — 7.6%** | **Capital Markets — 7.6%** |
| Blackrock, Inc.  | 6845 | &nbsp;&nbsp;&nbsp; 6582905 |
| Goldman Sachs Group, Inc.  | 7141 | &nbsp;&nbsp;&nbsp; 6041214 |
| London Stock Exchange Group PLC | 34853 | &nbsp;&nbsp;&nbsp; 4119134 |
| S&P Global, Inc.  | 22326 | &nbsp;&nbsp;&nbsp; 9496141 |
|  |  | &nbsp;&nbsp;&nbsp; 26239394 |
| **Chemicals — 1.4%** | **Chemicals — 1.4%** | **Chemicals — 1.4%** |
| Linde PLC | 9996 | &nbsp;&nbsp;&nbsp; 4955617 |
| **Consumer Staples Distribution & Retail — 1.8%** | **Consumer Staples Distribution & Retail — 1.8%** | **Consumer Staples Distribution & Retail — 1.8%** |
| Costco Wholesale Corp.  | 6102 | &nbsp;&nbsp;&nbsp; 6080216 |
| **Electrical Equipment — 1.5%** | **Electrical Equipment — 1.5%** | **Electrical Equipment — 1.5%** |
| Schneider Electric SE | 18700 | &nbsp;&nbsp;&nbsp; 5136331 |
| **Electronic Equipment, Instruments & Components — 1.2%** | **Electronic Equipment, Instruments & Components — 1.2%** | **Electronic Equipment, Instruments & Components — 1.2%** |
| Halma PLC | 79256 | &nbsp;&nbsp;&nbsp; 4026560 |
| **Financial Services — 2.8%** | **Financial Services — 2.8%** | **Financial Services — 2.8%** |
| Mastercard, Inc. - Class A | 19437 | &nbsp;&nbsp;&nbsp; 9711892 |
| **Health Care Providers & Services — 0.4%** | **Health Care Providers & Services — 0.4%** | **Health Care Providers & Services — 0.4%** |
| UnitedHealth Group, Inc.  | 5231 | &nbsp;&nbsp;&nbsp; 1415456 |
| **Hotels, Restaurants & Leisure — 8.7%** | **Hotels, Restaurants & Leisure — 8.7%** | **Hotels, Restaurants & Leisure — 8.7%** |
| Airbnb, Inc. - Class A (a) | 35305 | &nbsp;&nbsp;&nbsp; 4458316 |
| Booking Holdings, Inc.  | 3882 | &nbsp;&nbsp;&nbsp; 16344462 |
| Expedia Group, Inc.  | 10183 | &nbsp;&nbsp;&nbsp; 2351153 |
| Hilton Worldwide Holdings, Inc.  | 23167 | &nbsp;&nbsp;&nbsp; 7044621 |
|  |  | &nbsp;&nbsp;&nbsp; 30198552 |
| **Insurance — 1.4%** | **Insurance — 1.4%** | **Insurance — 1.4%** |
| Progressive Corp.  | 24230 | &nbsp;&nbsp;&nbsp; 4803355 |
| **Interactive Media & Services — 3.0%** | **Interactive Media & Services — 3.0%** | **Interactive Media & Services — 3.0%** |
| Alphabet, Inc. - Class A | 35915 | &nbsp;&nbsp;&nbsp; 10327717 |
| **IT Services — 2.0%** | **IT Services — 2.0%** | **IT Services — 2.0%** |
| CGI, Inc.  | 28400 | &nbsp;&nbsp;&nbsp; 2076256 |
| Nomura Research Institute Ltd.  | 181900 | &nbsp;&nbsp;&nbsp; 5040003 |
|  |  | &nbsp;&nbsp;&nbsp; 7116259 |
| **Life Sciences Tools & Services — 2.3%** | **Life Sciences Tools & Services — 2.3%** | **Life Sciences Tools & Services — 2.3%** |
| Danaher Corp.  | 17815 | &nbsp;&nbsp;&nbsp; 3377724 |
| Mettler-Toledo International, Inc. (a) | 3593 | &nbsp;&nbsp;&nbsp; 4531492 |
|  |  | &nbsp;&nbsp;&nbsp; 7909216 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Machinery — 5.2%** | **Machinery — 5.2%** | **Machinery — 5.2%** |
| Atlas Copco AB - A Shares | 294689 | &nbsp;&nbsp;&nbsp; $5183276 |
| Cummins, Inc.  | 10755 | &nbsp;&nbsp;&nbsp; 5786405 |
| Parker-Hannifin Corp.  | 7892 | &nbsp;&nbsp;&nbsp; 7065234 |
|  |  | &nbsp;&nbsp;&nbsp; 18034915 |
| **Semiconductors & Semiconductor Equipment — 13.7%** | **Semiconductors & Semiconductor Equipment — 13.7%** | **Semiconductors & Semiconductor Equipment — 13.7%** |
| ASML Holding NV | 7838 | &nbsp;&nbsp;&nbsp; 10374668 |
| KLA Corp.  | 4042 | &nbsp;&nbsp;&nbsp; 5951481 |
| NVIDIA Corp.  | 116407 | &nbsp;&nbsp;&nbsp; 20301381 |
| Taiwan Semiconductor Manufacturing Co. Ltd.  | 192000 | &nbsp;&nbsp;&nbsp; 10824084 |
|  |  | &nbsp;&nbsp;&nbsp; 47451614 |
| **Software — 3.0%** | **Software — 3.0%** | **Software — 3.0%** |
| Constellation Software, Inc.  | 1129 | &nbsp;&nbsp;&nbsp; 1981890 |
| Roper Technologies, Inc.  | 13949 | &nbsp;&nbsp;&nbsp; 4935993 |
| Salesforce, Inc.  | 7141 | &nbsp;&nbsp;&nbsp; 1333010 |
| Tyler Technologies, Inc. (a) | 6108 | &nbsp;&nbsp;&nbsp; 2091257 |
|  |  | &nbsp;&nbsp;&nbsp; 10342150 |
| **Specialty Retail — 3.2%** | **Specialty Retail — 3.2%** | **Specialty Retail — 3.2%** |
| Home Depot, Inc.  | 14739 | &nbsp;&nbsp;&nbsp; 4847510 |
| O'Reilly Automotive, Inc. (a) | 68576 | &nbsp;&nbsp;&nbsp; 6330250 |
|  |  | &nbsp;&nbsp;&nbsp; 11177760 |
| **Textiles, Apparel & Luxury Goods — 0.4%** | **Textiles, Apparel & Luxury Goods — 0.4%** | **Textiles, Apparel & Luxury Goods — 0.4%** |
| LVMH Moet Hennessy Louis Vuitton SE | 2475 | &nbsp;&nbsp;&nbsp; 1375766 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $167,933,501) <br>|  | &nbsp;&nbsp;&nbsp; 230899751 |

---

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

---

| | | |
|:---|:---|:---|
| **Corporate Bonds & Notes—18.2%** | **Corporate Bonds & Notes—18.2%** | **Corporate Bonds & Notes—18.2%** |
| **Aerospace/Defense — 0.7%** | **Aerospace/Defense — 0.7%** | **Aerospace/Defense — 0.7%** |
| Boeing Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 02/01/31 | 160000 | &nbsp;&nbsp;&nbsp; 152163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 05/01/30 | 120000 | &nbsp;&nbsp;&nbsp; 122009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.705%, 05/01/40 | 125000 | &nbsp;&nbsp;&nbsp; 125197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.805%, 05/01/50 | 495000 | &nbsp;&nbsp;&nbsp; 478530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.528%, 05/01/34 | 855000 | &nbsp;&nbsp;&nbsp; 931388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.858%, 05/01/54 | 510000 | &nbsp;&nbsp;&nbsp; 561293 |
| TransDigm, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 08/15/28 (144A) | 30000 | &nbsp;&nbsp;&nbsp; 30364 |
|  |  | &nbsp;&nbsp;&nbsp; 2400944 |
| **Airlines — 0.1%** | **Airlines — 0.1%** | **Airlines — 0.1%** |
| Air Canada Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 07/15/31 (144A) | 141680 | &nbsp;&nbsp;&nbsp; 135480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 06/15/29 (144A) | 94832 | &nbsp;&nbsp;&nbsp; 93065 |
|  |  | &nbsp;&nbsp;&nbsp; 228545 |
| **Auto Manufacturers — 0.1%** | **Auto Manufacturers — 0.1%** | **Auto Manufacturers — 0.1%** |
| Allison Transmission, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 01/30/31 (144A) | 45000 | &nbsp;&nbsp;&nbsp; 41888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 10/01/27 (144A) | 105000 | &nbsp;&nbsp;&nbsp; 104349 |
| American Honda Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 07/09/32 | 115000 | &nbsp;&nbsp;&nbsp; 115221 |

---

**BHFTI-206**

------

**Brighthouse Funds Trust I**

**Loomis Sayles Global Allocation 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)** |
| Hyundai Capital America |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 06/24/31 (144A) | 40000 | &nbsp;&nbsp;&nbsp; $40694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 04/08/30 (144A) | 175000 | &nbsp;&nbsp;&nbsp; 183645 |
|  |  | &nbsp;&nbsp;&nbsp; 485797 |
| **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** |
| Aptiv Swiss Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.600%, 09/15/28 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 110887 |
| ZF North America Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/14/28 (144A) | 150000 | &nbsp;&nbsp;&nbsp; 152146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/23/32 (144A) | 150000 | &nbsp;&nbsp;&nbsp; 142515 |
|  |  | &nbsp;&nbsp;&nbsp; 405548 |
| **Banks — 1.6%** | **Banks — 1.6%** | **Banks — 1.6%** |
| Banco de Chile |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.990%, 12/09/31 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 181321 |
| Banco de Credito del Peru SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 5Y H15 + 1.961%, 01/15/37 (144A) (b) | 144000 | &nbsp;&nbsp;&nbsp; 140436 |
| Banco Santander SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.938%, 11/07/33 | 200000 | &nbsp;&nbsp;&nbsp; 224299 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.846%, 5Y H15 + 2.000%, 03/08/37 (b) (c) | 275000 | &nbsp;&nbsp;&nbsp; 254731 |
| Credit Agricole SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.862%, SOFR + 1.740%, 01/09/36 (144A) (b) | 250000 | &nbsp;&nbsp;&nbsp; 257524 |
| Danske Bank AS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 1Y EUR Swap + 1.700%, 06/21/30 (EUR) (b) | 280000 | &nbsp;&nbsp;&nbsp; 335540 |
| Deutsche Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.552%, SOFR + 1.318%, 01/07/28 (b) | 170000 | &nbsp;&nbsp;&nbsp; 167355 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.065%, SOFR + 1.190%, 01/21/37 (b) | 307000 | &nbsp;&nbsp;&nbsp; 300145 |
| Intesa Sanpaolo SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 06/20/33 (144A) | 315000 | &nbsp;&nbsp;&nbsp; 341240 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 5Y H15 + 2.152%, 04/01/30 (b) (c) | 800000 | &nbsp;&nbsp;&nbsp; 820908 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.484%, SOFR + 1.360%, 09/16/36 (b) | 510000 | &nbsp;&nbsp;&nbsp; 438798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.314%, 5Y H15 + 1.170%, 01/18/41 (b) | 208000 | &nbsp;&nbsp;&nbsp; 200787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.948%, 5Y H15 + 2.430%, 01/19/38 (b) | 110000 | &nbsp;&nbsp;&nbsp; 112685 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.766%, 01/13/33 (c) | 200000 | &nbsp;&nbsp;&nbsp; 208143 |
| UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.091%, SOFR + 1.730%, 05/14/32 (144A) (b) | 510000 | &nbsp;&nbsp;&nbsp; 467709 |
| UniCredit SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.296%, 5Y USD ICE Swap + 4.914%, 04/02/34 (144A) (b) | 325000 | &nbsp;&nbsp;&nbsp; 342007 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.960%, SOFR + 1.100%, 01/23/37 (b) (c) | 283000 | &nbsp;&nbsp;&nbsp; 275682 |
| Westpac Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.953%, 11/20/28 | 400000 | &nbsp;&nbsp;&nbsp; 378004 |
|  |  | &nbsp;&nbsp;&nbsp; 5447314 |
| **Beverages — 0.1%** | **Beverages — 0.1%** | **Beverages — 0.1%** |
| Anheuser-Busch InBev SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 04/02/40 (EUR) | 300000 | &nbsp;&nbsp;&nbsp; 326095 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Beverages—(Continued)** | **Beverages—(Continued)** | **Beverages—(Continued)** |
| Diageo Capital PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.125%, 04/29/32 | 200000 | &nbsp;&nbsp;&nbsp; $172528 |
|  |  | &nbsp;&nbsp;&nbsp; 498623 |
| **Building Materials — 0.1%** | **Building Materials — 0.1%** | **Building Materials — 0.1%** |
| JH North America Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 01/31/31 (144A) | 75000 | &nbsp;&nbsp;&nbsp; 74377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 07/31/32 (144A) | 105000 | &nbsp;&nbsp;&nbsp; 104581 |
| Quikrete Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/01/32 (144A) | 298000 | &nbsp;&nbsp;&nbsp; 302173 |
|  |  | &nbsp;&nbsp;&nbsp; 481131 |
| **Chemicals — 0.3%** | **Chemicals — 0.3%** | **Chemicals — 0.3%** |
| Albemarle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 06/01/32 | 62000 | &nbsp;&nbsp;&nbsp; 62221 |
| Ashland, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 09/01/31 (144A) (c) | 55000 | &nbsp;&nbsp;&nbsp; 49387 |
| Chemours Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 11/15/28 (144A) (c) | 27000 | &nbsp;&nbsp;&nbsp; 26733 |
| OCP SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/02/34 (144A) | 450000 | &nbsp;&nbsp;&nbsp; 468143 |
| Sociedad Quimica y Minera de Chile SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/10/34 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 198080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 11/07/33 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 211956 |
| Solstice Advanced Materials, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 09/30/33 (144A) | 96000 | &nbsp;&nbsp;&nbsp; 94660 |
|  |  | &nbsp;&nbsp;&nbsp; 1111180 |
| **Commercial Services — 0.2%** | **Commercial Services — 0.2%** | **Commercial Services — 0.2%** |
| Block, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/31 (c) | 139000 | &nbsp;&nbsp;&nbsp; 126399 |
| TriNet Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/29 (144A) | 415000 | &nbsp;&nbsp;&nbsp; 376190 |
| United Rentals North America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 01/15/32 | 225000 | &nbsp;&nbsp;&nbsp; 206209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 03/15/34 (144A) | 140000 | &nbsp;&nbsp;&nbsp; 141762 |
|  |  | &nbsp;&nbsp;&nbsp; 850560 |
| **Computers — 0.0%** | **Computers — 0.0%** | **Computers — 0.0%** |
| Seagate Data Storage Technology Pte. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.091%, 06/01/29 (144A) | 155000 | &nbsp;&nbsp;&nbsp; 150016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.625%, 12/01/32 (144A) | 7650 | &nbsp;&nbsp;&nbsp; 8502 |
|  |  | &nbsp;&nbsp;&nbsp; 158518 |
| **Diversified Financial Services — 0.5%** | **Diversified Financial Services — 0.5%** | **Diversified Financial Services — 0.5%** |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 01/30/32 | 260000 | &nbsp;&nbsp;&nbsp; 236139 |
| Blue Owl Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 04/18/34 | 158000 | &nbsp;&nbsp;&nbsp; 151898 |
| Brookfield Finance I U.K. PLC/Brookfield Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.340%, 01/30/32 | 175000 | &nbsp;&nbsp;&nbsp; 150467 |
| Brookfield Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 01/25/28 | 185000 | &nbsp;&nbsp;&nbsp; 182969 |
| Freedom Mortgage Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 04/01/32 (144A) | 47000 | &nbsp;&nbsp;&nbsp; 46234 |

---

**BHFTI-207**

------

**Brighthouse Funds Trust I**

**Loomis Sayles Global Allocation 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)** |
| Freedom Mortgage Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.125%, 05/15/31 (144A) | 35000 | &nbsp;&nbsp;&nbsp; $35577 |
| Jefferies Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 04/14/34 | 235000 | &nbsp;&nbsp;&nbsp; 239656 |
| Macquarie Airfinance Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.400%, 03/26/29 (144A) | 10000 | &nbsp;&nbsp;&nbsp; 10361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/26/31 (144A) | 15000 | &nbsp;&nbsp;&nbsp; 15707 |
| Nomura Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.710%, 01/22/29 | 245000 | &nbsp;&nbsp;&nbsp; 232650 |
| Osaic Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 08/01/32 (144A) | 102000 | &nbsp;&nbsp;&nbsp; 102013 |
| Power Finance Corp. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 04/23/30 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 193180 |
| Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 03/01/31 (144A) (c) | 258000 | &nbsp;&nbsp;&nbsp; 238077 |
|  |  | &nbsp;&nbsp;&nbsp; 1834928 |
| **Electric — 0.7%** | **Electric — 0.7%** | **Electric — 0.7%** |
| Colbun SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 09/11/35 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 195370 |
| Comision Federal de Electricidad |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.045%, 01/28/34 (144A) | 340000 | &nbsp;&nbsp;&nbsp; 329494 |
| EDP Finance BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.710%, 01/24/28 (144A) | 205000 | &nbsp;&nbsp;&nbsp; 194550 |
| Electricite de France SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 09/21/38 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 185373 |
| Empresas Publicas de Medellin ESP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 07/18/29 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 185628 |
| Enel Chile SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 06/12/28 | 110000 | &nbsp;&nbsp;&nbsp; 110605 |
| Engie Energia Chile SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 01/28/30 | 305000 | &nbsp;&nbsp;&nbsp; 283648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 04/17/34 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 207728 |
| Engie SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, 10/24/41 (EUR) | 200000 | &nbsp;&nbsp;&nbsp; 146882 |
| Israel Electric Corp. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 02/22/32 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 184223 |
| Orsted AS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.125%, 05/17/27 (GBP) | 215000 | &nbsp;&nbsp;&nbsp; 274645 |
| Talen Energy Supply LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 02/01/34 (144A) | 201000 | &nbsp;&nbsp;&nbsp; 198761 |
|  |  | &nbsp;&nbsp;&nbsp; 2496907 |
| **Electronics — 0.1%** | **Electronics — 0.1%** | **Electronics — 0.1%** |
| Sensata Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 02/15/31 (144A) (c) | 275000 | &nbsp;&nbsp;&nbsp; 255068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 02/15/30 (144A) | 80000 | &nbsp;&nbsp;&nbsp; 76507 |
|  |  | &nbsp;&nbsp;&nbsp; 331575 |
| **Engineering & Construction — 0.3%** | **Engineering & Construction — 0.3%** | **Engineering & Construction — 0.3%** |
| Cellnex Telecom SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 10/23/30 (EUR) | 400000 | &nbsp;&nbsp;&nbsp; 423506 |
| IHS Holding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 05/29/30 (144A) | 280000 | &nbsp;&nbsp;&nbsp; 283685 |
| TopBuild Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 02/15/32 (144A) (c) | 40000 | &nbsp;&nbsp;&nbsp; 36863 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Engineering & Construction—(Continued)** | **Engineering & Construction—(Continued)** | **Engineering & Construction—(Continued)** |
| TopBuild Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 01/31/34 (144A) (c) | 144000 | &nbsp;&nbsp;&nbsp; $140943 |
|  |  | &nbsp;&nbsp;&nbsp; 884997 |
| **Entertainment — 0.3%** | **Entertainment — 0.3%** | **Entertainment — 0.3%** |
| Discovery Global Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.279%, 03/15/32 (c) | 976000 | &nbsp;&nbsp;&nbsp; 863760 |
| **Environmental Control — 0.0%** | **Environmental Control — 0.0%** | **Environmental Control — 0.0%** |
| GFL Environmental Holdings U.S., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/34 (144A) | 40000 | &nbsp;&nbsp;&nbsp; 39232 |
| GFL Environmental, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 08/15/29 (144A) | 65000 | &nbsp;&nbsp;&nbsp; 63240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 01/15/31 (144A) | 25000 | &nbsp;&nbsp;&nbsp; 25871 |
|  |  | &nbsp;&nbsp;&nbsp; 128343 |
| **Food — 0.4%** | **Food — 0.4%** | **Food — 0.4%** |
| Fonterra Co-Operative Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 06/16/26 (AUD) | 400000 | &nbsp;&nbsp;&nbsp; 275403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/02/27 (AUD) | 100000 | &nbsp;&nbsp;&nbsp; 67561 |
| &nbsp;&nbsp;&nbsp;&nbsp; JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. <br> Holdings<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 12/01/31 | 85000 | &nbsp;&nbsp;&nbsp; 79379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/15/34 | 245000 | &nbsp;&nbsp;&nbsp; 269463 |
| Lamb Weston Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 05/15/28 (144A) | 30000 | &nbsp;&nbsp;&nbsp; 29648 |
| Pilgrim's Pride Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/32 | 450000 | &nbsp;&nbsp;&nbsp; 408485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 04/15/31 | 40000 | &nbsp;&nbsp;&nbsp; 38209 |
| Post Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/15/31 (144A) | 220000 | &nbsp;&nbsp;&nbsp; 204558 |
|  |  | &nbsp;&nbsp;&nbsp; 1372706 |
| **Forest Products & Paper — 0.2%** | **Forest Products & Paper — 0.2%** | **Forest Products & Paper — 0.2%** |
| Suzano Austria GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/15/28 | 255000 | &nbsp;&nbsp;&nbsp; 242149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 01/15/32 | 125000 | &nbsp;&nbsp;&nbsp; 109928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 01/15/31 | 60000 | &nbsp;&nbsp;&nbsp; 55733 |
| Suzano Netherlands BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/15/36 | 145000 | &nbsp;&nbsp;&nbsp; 140288 |
|  |  | &nbsp;&nbsp;&nbsp; 548098 |
| **Gas — 0.5%** | **Gas — 0.5%** | **Gas — 0.5%** |
| Naturgy Finance Iberia SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 01/29/28 (EUR) | 200000 | &nbsp;&nbsp;&nbsp; 224662 |
| Venture Global Plaquemines LNG LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 12/15/30 (144A) | 143000 | &nbsp;&nbsp;&nbsp; 147065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 01/15/34 (144A) | 613000 | &nbsp;&nbsp;&nbsp; 639018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/15/34 (144A) | 74000 | &nbsp;&nbsp;&nbsp; 77030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 01/15/36 (144A) | 145000 | &nbsp;&nbsp;&nbsp; 153577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 05/01/33 (144A) | 252000 | &nbsp;&nbsp;&nbsp; 276999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 05/01/35 (144A) (c) | 65000 | &nbsp;&nbsp;&nbsp; 72851 |
|  |  | &nbsp;&nbsp;&nbsp; 1591202 |

---

**BHFTI-208**

------

**Brighthouse Funds Trust I**

**Loomis Sayles Global Allocation 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%** |
| Avantor Funding, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 07/15/28 (144A) | 60000 | &nbsp;&nbsp;&nbsp; $58561 |
| DH Europe Finance II SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.750%, 09/18/31 (EUR) | 140000 | &nbsp;&nbsp;&nbsp; 139760 |
| Hologic, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 02/15/29 (144A) | 160000 | &nbsp;&nbsp;&nbsp; 159722 |
|  |  | &nbsp;&nbsp;&nbsp; 358043 |
| **Healthcare-Services — 0.2%** | **Healthcare-Services — 0.2%** | **Healthcare-Services — 0.2%** |
| HCA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 06/15/39 | 350000 | &nbsp;&nbsp;&nbsp; 329848 |
| Molina Healthcare, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 11/15/30 (144A) | 40000 | &nbsp;&nbsp;&nbsp; 35761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 05/15/32 (144A) | 105000 | &nbsp;&nbsp;&nbsp; 91205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 06/15/28 (144A) | 60000 | &nbsp;&nbsp;&nbsp; 58018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/15/31 (144A) | 125000 | &nbsp;&nbsp;&nbsp; 122888 |
|  |  | &nbsp;&nbsp;&nbsp; 637720 |
| **Holding Companies-Diversified — 0.1%** | **Holding Companies-Diversified — 0.1%** | **Holding Companies-Diversified — 0.1%** |
| CK Hutchison International 19 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 04/11/29 (144A) | 225000 | &nbsp;&nbsp;&nbsp; 220108 |
| **Home Builders — 0.0%** | **Home Builders — 0.0%** | **Home Builders — 0.0%** |
| Taylor Morrison Communities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 11/15/32 (144A) (c) | 83000 | &nbsp;&nbsp;&nbsp; 83073 |
| **Household Products/Wares — 0.1%** | **Household Products/Wares — 0.1%** | **Household Products/Wares — 0.1%** |
| Kimberly-Clark de Mexico SAB de CV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.431%, 07/01/31 | 200000 | &nbsp;&nbsp;&nbsp; 182196 |
| **Insurance — 0.3%** | **Insurance — 0.3%** | **Insurance — 0.3%** |
| AIA Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 04/09/29 | 200000 | &nbsp;&nbsp;&nbsp; 196778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 04/06/28 (144A) | 260000 | &nbsp;&nbsp;&nbsp; 258915 |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 01/15/31 (144A) | 255000 | &nbsp;&nbsp;&nbsp; 257170 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amynta Agency Borrower, Inc. & Amynta Warranty Borrower, <br> Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 07/15/33 (144A) | 75000 | &nbsp;&nbsp;&nbsp; 71125 |
| Ryan Specialty LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 08/01/32 (144A) (c) | 235000 | &nbsp;&nbsp;&nbsp; 232266 |
|  |  | &nbsp;&nbsp;&nbsp; 1016254 |
| **Internet — 0.1%** | **Internet — 0.1%** | **Internet — 0.1%** |
| Alibaba Group Holding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 12/06/27 (c) | 240000 | &nbsp;&nbsp;&nbsp; 237194 |
| Go Daddy Operating Co. LLC/GD Finance Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/01/27 (144A) | 85000 | &nbsp;&nbsp;&nbsp; 84654 |
|  |  | &nbsp;&nbsp;&nbsp; 321848 |
| **Iron/Steel — 0.1%** | **Iron/Steel — 0.1%** | **Iron/Steel — 0.1%** |
| Commercial Metals Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 11/15/33 (144A) | 74000 | &nbsp;&nbsp;&nbsp; 73222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/15/35 (144A) | 104000 | &nbsp;&nbsp;&nbsp; 102528 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Iron/Steel—(Continued)** | **Iron/Steel—(Continued)** | **Iron/Steel—(Continued)** |
| Mineral Resources Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 10/01/28 (144A) | 15000 | &nbsp;&nbsp;&nbsp; $15542 |
|  |  | &nbsp;&nbsp;&nbsp; 191292 |
| **Leisure Time — 0.5%** | **Leisure Time — 0.5%** | **Leisure Time — 0.5%** |
| Carnival Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 03/15/30 (144A) (c) | 140000 | &nbsp;&nbsp;&nbsp; 141110 |
| Kingpin Intermediate Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 10/15/32 (144A) (c) | 76000 | &nbsp;&nbsp;&nbsp; 67152 |
| NCL Corp. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 02/01/32 (144A) | 125000 | &nbsp;&nbsp;&nbsp; 124052 |
| Royal Caribbean Cruises Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 05/15/33 | 283000 | &nbsp;&nbsp;&nbsp; 273254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 02/27/38 (c) | 211000 | &nbsp;&nbsp;&nbsp; 200727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 01/15/36 (c) | 62000 | &nbsp;&nbsp;&nbsp; 60912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/28 (144A) | 450000 | &nbsp;&nbsp;&nbsp; 455087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 09/30/31 (144A) | 440000 | &nbsp;&nbsp;&nbsp; 444337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/15/32 (144A) | 50000 | &nbsp;&nbsp;&nbsp; 51119 |
|  |  | &nbsp;&nbsp;&nbsp; 1817750 |
| **Lodging — 0.3%** | **Lodging — 0.3%** | **Lodging — 0.3%** |
| Hilton Domestic Operating Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 02/15/32 (144A) | 655000 | &nbsp;&nbsp;&nbsp; 595179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/31/34 (144A) | 39000 | &nbsp;&nbsp;&nbsp; 38102 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations <br> Borrower, Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 07/01/31 (144A) | 70000 | &nbsp;&nbsp;&nbsp; 63165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 01/15/32 (144A) | 70000 | &nbsp;&nbsp;&nbsp; 69140 |
| Marriott Ownership Resorts, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/15/29 (144A) | 88000 | &nbsp;&nbsp;&nbsp; 83436 |
| Travel & Leisure Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/01/29 (144A) | 75000 | &nbsp;&nbsp;&nbsp; 71718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/01/30 (144A) | 175000 | &nbsp;&nbsp;&nbsp; 166965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 09/01/33 (144A) | 90000 | &nbsp;&nbsp;&nbsp; 88830 |
|  |  | &nbsp;&nbsp;&nbsp; 1176535 |
| **Machinery-Diversified — 0.0%** | **Machinery-Diversified — 0.0%** | **Machinery-Diversified — 0.0%** |
| Esab Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 04/01/31 (144A) | 67000 | &nbsp;&nbsp;&nbsp; 67470 |
| **Media — 1.6%** | **Media — 1.6%** | **Media — 1.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications <br> Operating Capital<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 06/30/62 | 45000 | &nbsp;&nbsp;&nbsp; 26440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.384%, 10/23/35 | 65000 | &nbsp;&nbsp;&nbsp; 66006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.550%, 06/01/34 (c) | 135000 | &nbsp;&nbsp;&nbsp; 140151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.650%, 02/01/34 | 70000 | &nbsp;&nbsp;&nbsp; 73020 |
| CSC Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 12/01/30 (144A) (c) | 400000 | &nbsp;&nbsp;&nbsp; 240036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/15/31 (144A) | 405000 | &nbsp;&nbsp;&nbsp; 240128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 12/01/30 (144A) | 1385000 | &nbsp;&nbsp;&nbsp; 488721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 02/01/28 (144A) | 1018000 | &nbsp;&nbsp;&nbsp; 752863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.250%, 05/15/28 (144A) | 201000 | &nbsp;&nbsp;&nbsp; 164246 |
| Directv Financing LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 02/01/30 (144A) | 564000 | &nbsp;&nbsp;&nbsp; 562380 |

---

**BHFTI-209**

------

**Brighthouse Funds Trust I**

**Loomis Sayles Global Allocation 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)** |
| Directv Financing LLC/Directv Financing Co-Obligor, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 02/15/31 (144A) | 235000 | &nbsp;&nbsp;&nbsp; $239895 |
| Discovery Communications LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 05/15/30 | 855000 | &nbsp;&nbsp;&nbsp; 794915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.350%, 06/01/40 | 63000 | &nbsp;&nbsp;&nbsp; 46168 |
| DISH DBS Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/01/26 (144A) | 1160000 | &nbsp;&nbsp;&nbsp; 1150051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 12/01/28 (144A) | 105000 | &nbsp;&nbsp;&nbsp; 101555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 07/01/26 | 60000 | &nbsp;&nbsp;&nbsp; 59710 |
| Grupo Televisa SAB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 05/14/43 (MXN) | 6000000 | &nbsp;&nbsp;&nbsp; 201562 |
| Paramount Global |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 05/19/32 | 36000 | &nbsp;&nbsp;&nbsp; 30862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 01/15/31 | 69000 | &nbsp;&nbsp;&nbsp; 63916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 07/30/30 | 63000 | &nbsp;&nbsp;&nbsp; 65767 |
|  |  | &nbsp;&nbsp;&nbsp; 5508392 |
| **Mining — 1.5%** | **Mining — 1.5%** | **Mining — 1.5%** |
| Anglo American Capital PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 09/10/30 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 182468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 04/01/30 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 206235 |
| AngloGold Ashanti Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 11/01/28 (c) | 300000 | &nbsp;&nbsp;&nbsp; 288368 |
| Antofagasta PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 05/13/32 | 200000 | &nbsp;&nbsp;&nbsp; 202783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 05/02/34 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 208840 |
| Corp. Nacional del Cobre de Chile |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/30/29 (144A) | 285000 | &nbsp;&nbsp;&nbsp; 267471 |
| Freeport-McMoRan, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 08/01/28 | 325000 | &nbsp;&nbsp;&nbsp; 322604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 11/14/34 (c) | 540000 | &nbsp;&nbsp;&nbsp; 547923 |
| Glencore Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.634%, 04/04/34 (144A) | 1230000 | &nbsp;&nbsp;&nbsp; 1258871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 05/08/33 (144A) (c) | 285000 | &nbsp;&nbsp;&nbsp; 293740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/06/33 (144A) (c) | 1270000 | &nbsp;&nbsp;&nbsp; 1374247 |
| Ivanhoe Mines Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 01/23/30 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 202142 |
|  |  | &nbsp;&nbsp;&nbsp; 5355692 |
| **Miscellaneous Manufacturing — 0.1%** | **Miscellaneous Manufacturing — 0.1%** | **Miscellaneous Manufacturing — 0.1%** |
| Axon Enterprise, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 03/15/30 (144A) | 50000 | &nbsp;&nbsp;&nbsp; 50827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/15/33 (144A) | 235000 | &nbsp;&nbsp;&nbsp; 239876 |
|  |  | &nbsp;&nbsp;&nbsp; 290703 |
| **Multi-National — 0.3%** | **Multi-National — 0.3%** | **Multi-National — 0.3%** |
| International Bank for Reconstruction & Development |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.200%, 07/22/26 (CAD) | 1315000 | &nbsp;&nbsp;&nbsp; 942005 |
| **Office/Business Equipment — 0.1%** | **Office/Business Equipment — 0.1%** | **Office/Business Equipment — 0.1%** |
| CDW LLC/CDW Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 08/22/34 | 507000 | &nbsp;&nbsp;&nbsp; 498239 |
| **Oil & Gas — 0.8%** | **Oil & Gas — 0.8%** | **Oil & Gas — 0.8%** |
| Chord Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/01/30 (144A) | 20000 | &nbsp;&nbsp;&nbsp; 20265 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Oil & Gas—(Continued)** | **Oil & Gas—(Continued)** | **Oil & Gas—(Continued)** |
| Chord Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/15/33 (144A) | 370000 | &nbsp;&nbsp;&nbsp; $382004 |
| Continental Resources, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 04/01/32 (144A) (c) | 728000 | &nbsp;&nbsp;&nbsp; 637651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 01/15/31 (144A) (c) | 517000 | &nbsp;&nbsp;&nbsp; 526906 |
| Equinor ASA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 04/06/40 | 355000 | &nbsp;&nbsp;&nbsp; 296528 |
| Matador Resources Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 04/15/33 (144A) | 5000 | &nbsp;&nbsp;&nbsp; 5005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/15/32 (144A) | 45000 | &nbsp;&nbsp;&nbsp; 45490 |
| Pan American Energy LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 01/15/37 (144A) | 169000 | &nbsp;&nbsp;&nbsp; 168577 |
| SM Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 08/01/29 (144A) (c) | 155000 | &nbsp;&nbsp;&nbsp; 157348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 08/01/32 (144A) (c) | 35000 | &nbsp;&nbsp;&nbsp; 35738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 07/01/28 (144A) | 35000 | &nbsp;&nbsp;&nbsp; 35963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 11/01/30 (144A) | 175000 | &nbsp;&nbsp;&nbsp; 184640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 07/01/31 (144A) | 30000 | &nbsp;&nbsp;&nbsp; 31359 |
| Sunoco LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 07/15/31 (144A) | 4000 | &nbsp;&nbsp;&nbsp; 3968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 03/15/31 (144A) | 14000 | &nbsp;&nbsp;&nbsp; 13936 |
| YPF SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 01/17/34 (144A) | 335000 | &nbsp;&nbsp;&nbsp; 341244 |
|  |  | &nbsp;&nbsp;&nbsp; 2886622 |
| **Packaging & Containers — 0.2%** | **Packaging & Containers — 0.2%** | **Packaging & Containers — 0.2%** |
| Ball Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/15/33 | 582000 | &nbsp;&nbsp;&nbsp; 582334 |
| **Pharmaceuticals — 1.0%** | **Pharmaceuticals — 1.0%** | **Pharmaceuticals — 1.0%** |
| Bausch Health Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 06/01/28 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 183142 |
| Teva Pharmaceutical Finance Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 02/01/36 | 250000 | &nbsp;&nbsp;&nbsp; 257578 |
| Teva Pharmaceutical Finance Netherlands III BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 10/01/46 | 1220000 | &nbsp;&nbsp;&nbsp; 904363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/32 | 230000 | &nbsp;&nbsp;&nbsp; 236058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 09/15/29 | 605000 | &nbsp;&nbsp;&nbsp; 647857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 09/15/31 | 430000 | &nbsp;&nbsp;&nbsp; 480706 |
| Teva Pharmaceutical Finance Netherlands IV BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 12/01/30 (c) | 765000 | &nbsp;&nbsp;&nbsp; 774709 |
|  |  | &nbsp;&nbsp;&nbsp; 3484413 |
| **Pipelines — 0.2%** | **Pipelines — 0.2%** | **Pipelines — 0.2%** |
| Hess Midstream Operations LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/15/30 (144A) | 95000 | &nbsp;&nbsp;&nbsp; 91289 |
| ONEOK, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 06/01/47 | 60000 | &nbsp;&nbsp;&nbsp; 54103 |
| Targa Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 03/15/33 | 115000 | &nbsp;&nbsp;&nbsp; 121621 |
| Venture Global LNG, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 5Y H15 + 5.440%, 09/30/29 (144A) (b) | 235000 | &nbsp;&nbsp;&nbsp; 234071 |
| Western Midstream Operating LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 02/01/50 (c) | 50000 | &nbsp;&nbsp;&nbsp; 42171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 03/01/48 | 80000 | &nbsp;&nbsp;&nbsp; 67619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 04/01/44 | 15000 | &nbsp;&nbsp;&nbsp; 13344 |

---

**BHFTI-210**

------

**Brighthouse Funds Trust I**

**Loomis Sayles Global Allocation 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)** |
| Western Midstream Operating LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/15/48 | 10000 | &nbsp;&nbsp;&nbsp; $8641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 04/01/33 | 110000 | &nbsp;&nbsp;&nbsp; 114805 |
|  |  | &nbsp;&nbsp;&nbsp; 747664 |
| **Real Estate — 0.2%** | **Real Estate — 0.2%** | **Real Estate — 0.2%** |
| Blackstone Property Partners Europe Holdings SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 04/20/30 (EUR) | 215000 | &nbsp;&nbsp;&nbsp; 225734 |
| Logicor Financing SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 01/17/34 (EUR) | 140000 | &nbsp;&nbsp;&nbsp; 133285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 07/14/32 (EUR) | 202000 | &nbsp;&nbsp;&nbsp; 224648 |
|  |  | &nbsp;&nbsp;&nbsp; 583667 |
| **Real Estate Investment Trusts — 0.4%** | **Real Estate Investment Trusts — 0.4%** | **Real Estate Investment Trusts — 0.4%** |
| Equinix Europe 2 Financing Corp. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 03/15/31 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 111870 |
| Iron Mountain, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 09/15/29 (144A) | 225000 | &nbsp;&nbsp;&nbsp; 218911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 07/15/30 (144A) | 125000 | &nbsp;&nbsp;&nbsp; 121445 |
| Prologis Euro Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.250%, 09/10/27 (EUR) | 320000 | &nbsp;&nbsp;&nbsp; 353200 |
| Prologis LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 06/30/29 (GBP) | 135000 | &nbsp;&nbsp;&nbsp; 164470 |
| Realty Income Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 12/15/30 (GBP) | 125000 | &nbsp;&nbsp;&nbsp; 139857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 07/06/34 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 122080 |
|  |  | &nbsp;&nbsp;&nbsp; 1231833 |
| **Retail — 0.5%** | **Retail — 0.5%** | **Retail — 0.5%** |
| 1011778 BC ULC/New Red Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/15/29 (144A) | 10000 | &nbsp;&nbsp;&nbsp; 9547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 01/15/28 (144A) | 5000 | &nbsp;&nbsp;&nbsp; 4887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/15/30 (144A) | 685000 | &nbsp;&nbsp;&nbsp; 643849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 09/15/29 (144A) | 80000 | &nbsp;&nbsp;&nbsp; 80174 |
| El Puerto de Liverpool SAB de CV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.658%, 01/22/37 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 205000 |
| Global Auto Holdings Ltd./AAG FH U.K. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 01/15/29 (144A) | 400000 | &nbsp;&nbsp;&nbsp; 365412 |
| PetSmart LLC/PetSmart Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 09/15/32 (144A) | 250000 | &nbsp;&nbsp;&nbsp; 251217 |
| Yum! Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 03/15/31 | 85000 | &nbsp;&nbsp;&nbsp; 78521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 01/31/32 | 220000 | &nbsp;&nbsp;&nbsp; 210084 |
|  |  | &nbsp;&nbsp;&nbsp; 1848691 |
| **Semiconductors — 0.7%** | **Semiconductors — 0.7%** | **Semiconductors — 0.7%** |
| Broadcom, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.600%, 02/15/33 | 690000 | &nbsp;&nbsp;&nbsp; 603313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.419%, 04/15/33 | 680000 | &nbsp;&nbsp;&nbsp; 621808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.469%, 04/15/34 | 1080000 | &nbsp;&nbsp;&nbsp; 972473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 04/15/32 (144A) | 330000 | &nbsp;&nbsp;&nbsp; 319276 |
|  |  | &nbsp;&nbsp;&nbsp; 2516870 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Software — 0.7%** | **Software — 0.7%** | **Software — 0.7%** |
| Fair Isaac Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/15/33 (144A) | 775000 | &nbsp;&nbsp;&nbsp; $760447 |
| OAK-Eagle Acquireco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 07/01/33 (144A) | 36000 | &nbsp;&nbsp;&nbsp; 37299 |
| Open Text Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 12/01/29 (144A) | 95000 | &nbsp;&nbsp;&nbsp; 84897 |
| Open Text Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 02/15/30 (144A) (c) | 445000 | &nbsp;&nbsp;&nbsp; 397620 |
| Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 02/04/56 | 430000 | &nbsp;&nbsp;&nbsp; 399085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.850%, 02/04/66 | 187000 | &nbsp;&nbsp;&nbsp; 171913 |
| Synopsys, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 04/01/55 (c) | 405000 | &nbsp;&nbsp;&nbsp; 387213 |
|  |  | &nbsp;&nbsp;&nbsp; 2238474 |
| **Telecommunications — 1.7%** | **Telecommunications — 1.7%** | **Telecommunications — 1.7%** |
| America Movil SAB de CV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.125%, 03/10/28 (EUR) | 235000 | &nbsp;&nbsp;&nbsp; 265394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/07/30 | 200000 | &nbsp;&nbsp;&nbsp; 186313 |
| Bharti Airtel Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 06/03/31 | 305000 | &nbsp;&nbsp;&nbsp; 286493 |
| Black Pearl Compute LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 02/15/31 (144A) (c) | 48000 | &nbsp;&nbsp;&nbsp; 48854 |
| Cipher Compute LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 11/15/30 (144A) (c) | 44000 | &nbsp;&nbsp;&nbsp; 45585 |
| EchoStar Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 6.750% PIK, 11/30/30 (d) | 288597 | &nbsp;&nbsp;&nbsp; 291413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.750%, 11/30/29 | 3081509 | &nbsp;&nbsp;&nbsp; 3328802 |
| KT Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/18/26 (144A) | 210000 | &nbsp;&nbsp;&nbsp; 208810 |
| Ooredoo International Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 04/08/31 (144A) | 250000 | &nbsp;&nbsp;&nbsp; 226453 |
| Telecom Argentina SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 05/28/33 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 206904 |
| T-Mobile USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 04/15/30 | 355000 | &nbsp;&nbsp;&nbsp; 345724 |
| Turk Telekomunikasyon AS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.950%, 10/07/32 (144A) (c) | 200000 | &nbsp;&nbsp;&nbsp; 194761 |
| Turkcell Iletisim Hizmetleri AS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 04/11/28 | 215000 | &nbsp;&nbsp;&nbsp; 213466 |
|  |  | &nbsp;&nbsp;&nbsp; 5848972 |
| **Transportation — 0.1%** | **Transportation — 0.1%** | **Transportation — 0.1%** |
| Canadian Pacific Railway Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 12/02/26 | 265000 | &nbsp;&nbsp;&nbsp; 260890 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $64,384,181) <br>|  | &nbsp;&nbsp;&nbsp; 63018426 |
| **Foreign Government—9.2%** | **Foreign Government—9.2%** | **Foreign Government—9.2%** |
| **Banks — 0.1%** | **Banks — 0.1%** | **Banks — 0.1%** |
| Corp. Financiera de Desarrollo SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.400%, 09/28/27 (144A) | 365000 | &nbsp;&nbsp;&nbsp; 352681 |

---

**BHFTI-211**

------

**Brighthouse Funds Trust I**

**Loomis Sayles Global Allocation Portfolio**

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

**Foreign Government—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Oil & Gas — 0.1%** | **Oil & Gas — 0.1%** | **Oil & Gas — 0.1%** |
| Korea National Oil Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.125%, 04/18/27 (144A) | 240000 | &nbsp;&nbsp;&nbsp; $234660 |
| **Regional Government — 0.3%** | **Regional Government — 0.3%** | **Regional Government — 0.3%** |
| New South Wales Treasury Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/08/33 (AUD) | 1280000 | &nbsp;&nbsp;&nbsp; 715941 |
| Province of Quebec |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.300%, 09/01/29 (CAD) | 390000 | &nbsp;&nbsp;&nbsp; 273078 |
|  |  | &nbsp;&nbsp;&nbsp; 989019 |
| **Sovereign — 8.7%** | **Sovereign — 8.7%** | **Sovereign — 8.7%** |
| Argentina Republic Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 07/09/35 (e) | 236000 | &nbsp;&nbsp;&nbsp; 169920 |
| Australia Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.500%, 09/21/26 (AUD) | 566000 | &nbsp;&nbsp;&nbsp; 383353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/21/33 (AUD) | 470000 | &nbsp;&nbsp;&nbsp; 285934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 12/21/35 (AUD) | 883000 | &nbsp;&nbsp;&nbsp; 575536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/21/36 (AUD) | 3221000 | &nbsp;&nbsp;&nbsp; 2095612 |
| Bonos de la Tesoreria de la Republica en pesos |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 09/01/30 (144A) (CLP) | 300000000 | &nbsp;&nbsp;&nbsp; 315928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/35 (CLP) | 295000000 | &nbsp;&nbsp;&nbsp; 306252 |
| Brazil Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/20/33 | 325000 | &nbsp;&nbsp;&nbsp; 325910 |
| Brazil Notas do Tesouro Nacional |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 01/01/31 (BRL) | 4775000 | &nbsp;&nbsp;&nbsp; 805392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 01/01/35 (BRL) | 3297000 | &nbsp;&nbsp;&nbsp; 518111 |
| Bundesobligation |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.400%, 04/18/30 (EUR) | 275000 | &nbsp;&nbsp;&nbsp; 314339 |
| Canada Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/01/27 (CAD) | 2038000 | &nbsp;&nbsp;&nbsp; 1458450 |
| Chile Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.550%, 01/27/32 | 350000 | &nbsp;&nbsp;&nbsp; 309561 |
| Colombia Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 02/02/34 | 200000 | &nbsp;&nbsp;&nbsp; 204326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 11/07/36 | 200000 | &nbsp;&nbsp;&nbsp; 204390 |
| Colombia TES |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 08/26/26 (COP) | 4868600000 | &nbsp;&nbsp;&nbsp; 1299652 |
| Dominican Republic International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/19/28 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 201360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 04/20/27 (144A) | 133333 | &nbsp;&nbsp;&nbsp; 135173 |
| Export-Import Bank of India |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 01/13/31 (144A) | 310000 | &nbsp;&nbsp;&nbsp; 276275 |
| Indonesia Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 09/15/30 (IDR) | 4793000000 | &nbsp;&nbsp;&nbsp; 284522 |
| Ireland Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 10/18/31 (EUR) | 345000 | &nbsp;&nbsp;&nbsp; 340684 |
| Italy Buoni Poliennali Del Tesoro |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 07/01/30 (EUR) | 750000 | &nbsp;&nbsp;&nbsp; 859086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, 08/01/35 (144A) (EUR) | 235000 | &nbsp;&nbsp;&nbsp; 267880 |
| Japan Government CPI-Linked Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.100%, 03/10/28 (JPY) (f) | 94978745 | &nbsp;&nbsp;&nbsp; 599980 |
| Japan Government Ten Year Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.700%, 09/20/35 (JPY) | 209800000 | &nbsp;&nbsp;&nbsp; 1254001 |
| Japan Government Thirty Year Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.600%, 12/20/53 (JPY) | 109000000 | &nbsp;&nbsp;&nbsp; 440499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.800%, 06/20/55 (JPY) | 92500000 | &nbsp;&nbsp;&nbsp; 492036 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Sovereign—(Continued)** | **Sovereign—(Continued)** | **Sovereign—(Continued)** |
| Korea Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/10/30 (KRW) | 902260000 | &nbsp;&nbsp;&nbsp; $558020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/10/34 (KRW) | 376710000 | &nbsp;&nbsp;&nbsp; 229277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/10/28 (KRW) | 436120000 | &nbsp;&nbsp;&nbsp; 284480 |
| Malaysia Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.582%, 07/15/32 (MYR) | 1141000 | &nbsp;&nbsp;&nbsp; 282212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.828%, 07/05/34 (MYR) | 1165000 | &nbsp;&nbsp;&nbsp; 290620 |
| Mexico Bonos |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 06/03/27 (MXN) | 7046700 | &nbsp;&nbsp;&nbsp; 393263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 04/15/32 (MXN) | 21300000 | &nbsp;&nbsp;&nbsp; 1127644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 02/21/36 (MXN) | 12221200 | &nbsp;&nbsp;&nbsp; 624554 |
| Mexico Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/12/34 | 200000 | &nbsp;&nbsp;&nbsp; 170300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/15/2115 (EUR) | 100000 | &nbsp;&nbsp;&nbsp; 75279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 07/02/32 | 200000 | &nbsp;&nbsp;&nbsp; 200720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 02/09/38 | 201000 | &nbsp;&nbsp;&nbsp; 195875 |
| Netherlands Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 01/15/29 (144A) (EUR) | 395000 | &nbsp;&nbsp;&nbsp; 424046 |
| New Zealand Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 05/15/31 (NZD) | 600000 | &nbsp;&nbsp;&nbsp; 301419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/20/29 (NZD) | 1490000 | &nbsp;&nbsp;&nbsp; 835516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/14/33 (NZD) | 605000 | &nbsp;&nbsp;&nbsp; 327481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 05/15/36 (NZD) | 2378000 | &nbsp;&nbsp;&nbsp; 1313046 |
| Norway Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 08/19/30 (144A) (NOK) | 5850000 | &nbsp;&nbsp;&nbsp; 532444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 02/17/27 (144A) (NOK) | 2950000 | &nbsp;&nbsp;&nbsp; 297897 |
| Paraguay Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 04/28/31 (144A) | 104000 | &nbsp;&nbsp;&nbsp; 103532 |
| Peru Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/15/34 | 245000 | &nbsp;&nbsp;&nbsp; 209071 |
| Republic of Poland Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, 10/25/30 (PLN) | 766000 | &nbsp;&nbsp;&nbsp; 173778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/25/30 (PLN) | 1380000 | &nbsp;&nbsp;&nbsp; 362068 |
| Republic of South Africa Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 02/28/35 (ZAR) | 5250000 | &nbsp;&nbsp;&nbsp; 304789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 01/31/40 (ZAR) | 11100000 | &nbsp;&nbsp;&nbsp; 616031 |
| Republic of South Africa Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 09/30/49 | 965000 | &nbsp;&nbsp;&nbsp; 746128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.100%, 11/19/36 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 204283 |
| Romania Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/14/33 (144A) (EUR) | 120000 | &nbsp;&nbsp;&nbsp; 109074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 10/07/37 (144A) (EUR) | 175000 | &nbsp;&nbsp;&nbsp; 196180 |
| Singapore Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.125%, 06/01/26 (SGD) | 985000 | &nbsp;&nbsp;&nbsp; 766886 |
| Spain Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, 10/31/30 (144A) (EUR) | 336000 | &nbsp;&nbsp;&nbsp; 360803 |
| Sweden Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.125%, 05/12/31 (SEK) | 4200000 | &nbsp;&nbsp;&nbsp; 391821 |
| U.K. Gilts |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 01/29/27 (GBP) | 680000 | &nbsp;&nbsp;&nbsp; 898361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 07/31/34 (GBP) | 1140000 | &nbsp;&nbsp;&nbsp; 1451864 |

---

**BHFTI-212**

------

**Brighthouse Funds Trust I**

**Loomis Sayles Global Allocation 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)** |
| Uruguay Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 05/21/31 (UYU) | 8750000 | &nbsp;&nbsp;&nbsp; $222343 |
|  |  | &nbsp;&nbsp;&nbsp; 30305267 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Foreign Government <br>(Cost $33,300,588) <br>|  | &nbsp;&nbsp;&nbsp; 31881627 |
| **U.S. Treasury & Government Agencies—3.0%** | **U.S. Treasury & Government Agencies—3.0%** | **U.S. Treasury & Government Agencies—3.0%** |
| **U.S. Treasury — 3.0%** | **U.S. Treasury — 3.0%** | **U.S. Treasury — 3.0%** |
| U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 02/15/52 | 480000 | &nbsp;&nbsp;&nbsp; 289275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/15/45 | 800000 | &nbsp;&nbsp;&nbsp; 608812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 05/15/53 | 630000 | &nbsp;&nbsp;&nbsp; 505157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 08/15/53 | 115000 | &nbsp;&nbsp;&nbsp; 100850 |
| U.S. Treasury Inflation-Indexed Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.375%, 07/15/27 (f) | 591614 | &nbsp;&nbsp;&nbsp; 591353 |
| U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 08/15/32 | 115000 | &nbsp;&nbsp;&nbsp; 106361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 05/15/33 (c) | 825000 | &nbsp;&nbsp;&nbsp; 785909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 12/31/30 (c) | 1695000 | &nbsp;&nbsp;&nbsp; 1671959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 06/30/30 | 1012000 | &nbsp;&nbsp;&nbsp; 1005438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 12/31/32 | 1693000 | &nbsp;&nbsp;&nbsp; 1668465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/31/30 (g) | 997000 | &nbsp;&nbsp;&nbsp; 1000583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/35 (c) | 2105000 | &nbsp;&nbsp;&nbsp; 2053362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 02/15/35 (c) | 100000 | &nbsp;&nbsp;&nbsp; 102601 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury & Government Agencies <br>(Cost $10,625,885) <br>|  | &nbsp;&nbsp;&nbsp; 10490125 |
| **Floating Rate Loans (h)—1.3%** | **Floating Rate Loans (h)—1.3%** | **Floating Rate Loans (h)—1.3%** |
| **Aerospace/Defense — 0.0%** | **Aerospace/Defense — 0.0%** | **Aerospace/Defense — 0.0%** |
| TransDigm, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan N, 6.168%, 1M TSFR + 2.500%, 02/13/33 | 40000 | &nbsp;&nbsp;&nbsp; 40056 |
| **Auto Manufacturers — 0.0%** | **Auto Manufacturers — 0.0%** | **Auto Manufacturers — 0.0%** |
| Allison Transmission, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Incremental Term Loan B, 5.422%, 1M TSFR + <br> 1.750%, 01/02/33<br>| 85000 | &nbsp;&nbsp;&nbsp; 85463 |
| **Biotechnology — 0.1%** | **Biotechnology — 0.1%** | **Biotechnology — 0.1%** |
| BioMarin Pharmaceutical, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 01/28/33 (i) | 380000 | &nbsp;&nbsp;&nbsp; 379763 |
| **Chemicals — 0.0%** | **Chemicals — 0.0%** | **Chemicals — 0.0%** |
| Solstice Advanced Materials, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 5.417%, 3M TSFR + 1.750%, 10/29/32 | 105000 | &nbsp;&nbsp;&nbsp; 105673 |
| **Commercial Services — 0.1%** | **Commercial Services — 0.1%** | **Commercial Services — 0.1%** |
| Trans Union LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B8, 5.450%, 3M TSFR + 1.750%, <br> 06/24/31<br>| 262635 | &nbsp;&nbsp;&nbsp; 261486 |
| United Rentals, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 5.168%, 1M TSFR + 1.500%, <br> 02/14/31<br>| 24810 | &nbsp;&nbsp;&nbsp; 24956 |
|  |  | &nbsp;&nbsp;&nbsp; 286442 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Computers — 0.0%** | **Computers — 0.0%** | **Computers — 0.0%** |
| CACI International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Incremental Term Loan B2, 03/09/33 (i) | 53000 | &nbsp;&nbsp;&nbsp; $53066 |
| **Distribution/Wholesale — 0.0%** | **Distribution/Wholesale — 0.0%** | **Distribution/Wholesale — 0.0%** |
| Resideo Funding, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B, 5.673%, 1M TSFR + 2.000%, <br> 02/11/28<br>| 30132 | &nbsp;&nbsp;&nbsp; 30094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 M&A 1st lien Term Loan B, 5.641%, 6M TSFR + <br> 2.000%, 06/13/31<br>| 27178 | &nbsp;&nbsp;&nbsp; 27119 |
|  |  | &nbsp;&nbsp;&nbsp; 57213 |
| **Diversified Financial Services — 0.0%** | **Diversified Financial Services — 0.0%** | **Diversified Financial Services — 0.0%** |
| Citadel Securities LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 First Lien Term Loan, 5.700%, 3M TSFR + 2.000%, <br> 10/31/31<br>| 29699 | &nbsp;&nbsp;&nbsp; 29753 |
| **Electric — 0.1%** | **Electric — 0.1%** | **Electric — 0.1%** |
| NRG Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, 5.521%, 3M TSFR + 1.750%, 04/16/31 | 263989 | &nbsp;&nbsp;&nbsp; 264724 |
| **Entertainment — 0.1%** | **Entertainment — 0.1%** | **Entertainment — 0.1%** |
| DK Crown Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.419%, 1M TSFR + 1.750%, 03/04/32 | 89100 | &nbsp;&nbsp;&nbsp; 89124 |
| Flutter Financing BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 5.450%, 3M TSFR + 1.750%, 11/30/30 | 199328 | &nbsp;&nbsp;&nbsp; 197584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.700%, 3M TSFR + 2.000%, 06/04/32 | 69475 | &nbsp;&nbsp;&nbsp; 68889 |
| Light & Wonder International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 5.675%, 1M TSFR + 2.000%, 04/16/29 | 9850 | &nbsp;&nbsp;&nbsp; 9815 |
|  |  | &nbsp;&nbsp;&nbsp; 365412 |
| **Environmental Control — 0.0%** | **Environmental Control — 0.0%** | **Environmental Control — 0.0%** |
| Clean Harbors, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 5.168%, 1M TSFR + 1.500%, 10/08/32 | 89775 | &nbsp;&nbsp;&nbsp; 90495 |
| **Food Service — 0.1%** | **Food Service — 0.1%** | **Food Service — 0.1%** |
| Aramark Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan, 5.418%, 1M TSFR + 1.750%, <br> 04/06/28<br>| 15000 | &nbsp;&nbsp;&nbsp; 15059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 5.418%, 1M TSFR + 1.750%, 06/22/30 | 127805 | &nbsp;&nbsp;&nbsp; 128124 |
|  |  | &nbsp;&nbsp;&nbsp; 143183 |
| **Forest Products & Paper — 0.1%** | **Forest Products & Paper — 0.1%** | **Forest Products & Paper — 0.1%** |
| Asplundh Tree Expert LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Incremental Term Loan B, 5.418%, 1M TSFR + <br> 1.750%, 05/23/31<br>| 142318 | &nbsp;&nbsp;&nbsp; 142826 |
| **Healthcare-Products — 0.1%** | **Healthcare-Products — 0.1%** | **Healthcare-Products — 0.1%** |
| Bausch & Lomb Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan, 7.418%, 1M TSFR + 3.750%, <br> 01/15/31<br>| 70406 | &nbsp;&nbsp;&nbsp; 70648 |
| Hanger, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Delayed Draw Term Loan, 3.500%, 1M TSFR + <br> 3.500%, 10/23/31 (j)<br>| 8304 | &nbsp;&nbsp;&nbsp; 8335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 7.168%, 1M TSFR + 3.500%, 10/23/31 | 64083 | &nbsp;&nbsp;&nbsp; 64324 |
|  |  | &nbsp;&nbsp;&nbsp; 143307 |

---

**BHFTI-213**

------

**Brighthouse Funds Trust I**

**Loomis Sayles Global Allocation Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Healthcare-Services — 0.0%** | **Healthcare-Services — 0.0%** | **Healthcare-Services — 0.0%** |
| DaVita, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.418%, 1M TSFR + 1.750%, 05/09/31 | 24750 | &nbsp;&nbsp;&nbsp; $24839 |
| **Insurance — 0.2%** | **Insurance — 0.2%** | **Insurance — 0.2%** |
| Ardonagh Midco 3 PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan B, 6.370% - 6.450%, 3M TSFR + <br> 2.750%, 6M TSFR + 2.750%, 02/15/31 (k)<br>| 783503 | &nbsp;&nbsp;&nbsp; 768159 |
| Baldwin Insurance Group Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B2, 6.178%, 1M TSFR + 2.500%, <br> 05/26/31<br>| 5336 | &nbsp;&nbsp;&nbsp; 5259 |
| Ryan Specialty Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan B, 5.668%, 1M TSFR + 2.000%, <br> 09/15/31<br>| 19750 | &nbsp;&nbsp;&nbsp; 19750 |
| Truist Insurance Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 6.450%, 3M TSFR + 2.750%, 05/06/31 | 34097 | &nbsp;&nbsp;&nbsp; 33663 |
|  |  | &nbsp;&nbsp;&nbsp; 826831 |
| **Investment Companies — 0.1%** | **Investment Companies — 0.1%** | **Investment Companies — 0.1%** |
| Gryphon Acquire Newco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 6.675%, 3M TSFR + 3.000%, 09/13/32 | 188903 | &nbsp;&nbsp;&nbsp; 189296 |
| **Lodging — 0.1%** | **Lodging — 0.1%** | **Lodging — 0.1%** |
| Hilton Domestic Operating Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan B4, 5.429%, 1M TSFR + 1.750%, <br> 11/08/30<br>| 96740 | &nbsp;&nbsp;&nbsp; 97037 |
| Wyndham Hotels & Resorts, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, 5.418%, 1M TSFR + 1.750%, 05/24/30 | 265275 | &nbsp;&nbsp;&nbsp; 266436 |
|  |  | &nbsp;&nbsp;&nbsp; 363473 |
| **Machinery-Construction & Mining — 0.0%** | **Machinery-Construction & Mining — 0.0%** | **Machinery-Construction & Mining — 0.0%** |
| Terex Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 5.418%, 1M TSFR + 1.750%, 10/08/31 | 24750 | &nbsp;&nbsp;&nbsp; 24822 |
| **Metal Fabricate/Hardware — 0.0%** | **Metal Fabricate/Hardware — 0.0%** | **Metal Fabricate/Hardware — 0.0%** |
| Advanced Drainage Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 5.298%, 1M TSFR + 1.625%, 02/28/33 | 80000 | &nbsp;&nbsp;&nbsp; 80500 |
| **Mining — 0.0%** | **Mining — 0.0%** | **Mining — 0.0%** |
| Novelis Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 5.450%, 3M TSFR + 1.750%, 03/11/32 | 112322 | &nbsp;&nbsp;&nbsp; 112504 |
| **Retail — 0.0%** | **Retail — 0.0%** | **Retail — 0.0%** |
| PetSmart, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 08/18/32 (i) | 4670 | &nbsp;&nbsp;&nbsp; 4649 |
| **Software — 0.2%** | **Software — 0.2%** | **Software — 0.2%** |
| Dayforce, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan, 6.661%, 3M TSFR + 3.000%, 02/04/33 | 288699 | &nbsp;&nbsp;&nbsp; 273976 |
| Electronic Arts, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; USD Term Loan B, 03/24/33 (i) | 140000 | &nbsp;&nbsp;&nbsp; 139344 |
| Kaseya, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 1st Lien Term Loan B, 6.918%, 1M TSFR + 3.250%, <br> 03/22/32<br>| 104705 | &nbsp;&nbsp;&nbsp; 97997 |
| Open Text Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan B, 5.418%, 1M TSFR + 1.750%, 01/31/30 | 112562 | &nbsp;&nbsp;&nbsp; 110398 |
|  |  | &nbsp;&nbsp;&nbsp; 621715 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***/<br> **Shares**<br>| <br>**Value**<br>|
| **Telecommunications — 0.0%** | **Telecommunications — 0.0%** | **Telecommunications — 0.0%** |
| Ciena Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan B, 5.425%, 1M TSFR + 1.750%, <br> 10/24/30<br>| 28542 | &nbsp;&nbsp;&nbsp; $28627 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Floating Rate Loans <br>(Cost $4,498,428) <br>|  | &nbsp;&nbsp;&nbsp; 4464632 |
| **Convertible Bond—0.1%** | **Convertible Bond—0.1%** | **Convertible Bond—0.1%** |
| **Telecommunications — 0.1%** | **Telecommunications — 0.1%** | **Telecommunications — 0.1%** |
| EchoStar Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 3.875% PIK, 11/30/30 (d) <br>(Cost $159,490)<br>| 152218 | &nbsp;&nbsp;&nbsp; 543738 |
| **Municipals—0.1%** | **Municipals—0.1%** | **Municipals—0.1%** |
| Tobacco Settlement Financing Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.706%, 06/01/46 <br>(Cost $459,883)<br>| 460000 | &nbsp;&nbsp;&nbsp; 358287 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—0.9%** | **Short-Term Investments—0.9%** | **Short-Term Investments—0.9%** |
| **Repurchase Agreement—0.9%** | **Repurchase Agreement—0.9%** | **Repurchase Agreement—0.9%** |
| 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 $3,288,464; <br> collateralized by U.S. Treasury Note at 3.875%, maturing <br> 07/31/27, with a market value of $3,354,135<br>| 3288235 | &nbsp;&nbsp;&nbsp; 3288235 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $3,288,235) <br>|  | &nbsp;&nbsp;&nbsp; 3288235 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (l)—0.3%** | **Securities Lending Reinvestments (l)—0.3%** | **Securities Lending Reinvestments (l)—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% (m)<br>| 100000 | &nbsp;&nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds FedFund, <br>Institutional Shares 3.550% (m)<br>| 100000 | &nbsp;&nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (m)<br>| 100000 | &nbsp;&nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Government Portfolio, <br>Class I 3.530% (m)<br>| 100000 | &nbsp;&nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br>Institutional Shares 3.530% (m)<br>| 100000 | &nbsp;&nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares 3.580% (m)<br>| 100000 | &nbsp;&nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, <br>Premier Class 3.600% (m)<br>| 100000 | &nbsp;&nbsp;&nbsp; 100000 |
|  |  | &nbsp;&nbsp;&nbsp; 700000 |

---

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

---

| | | |
|:---|:---|:---|
| **Repurchase Agreements—0.1%** | **Repurchase Agreements—0.1%** | **Repurchase Agreements—0.1%** |
| 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 $25,003; collateralized <br> by U.S. Treasury Obligations with rates ranging from 0.000% <br> - 4.875%, maturity dates ranging from 04/09/26 - <br> 02/15/56, and an aggregate market value of $25,500<br>| 25000 | &nbsp;&nbsp;&nbsp; 25000 |

---

**BHFTI-214**

------

**Brighthouse Funds Trust I**

**Loomis Sayles Global Allocation Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** | **Repurchase Agreements—(Continued)** |
| 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 $141,642; 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 $144,460<br>| 141628 | &nbsp;&nbsp;&nbsp; $141628 |
| 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 |
|  |  | &nbsp;&nbsp;&nbsp; 176628 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $876,628) <br>|  | &nbsp;&nbsp;&nbsp; 876628 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—99.8% <br>(Cost $285,526,819)<br>|  | &nbsp;&nbsp;&nbsp; 345821449 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unfunded Loan Commitments—0.0% <br>(Cost $(3123))<br>|  | &nbsp;&nbsp;&nbsp; (3123)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investments—99.8% <br>(Cost $285,523,696) <br>|  | &nbsp;&nbsp;&nbsp; 345818326 |
| Other assets and liabilities (net)—0.2%  |  | &nbsp;&nbsp;&nbsp; 544547 |
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $346362873 |

---

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

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

(a) Non-income producing security.

(b) 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. 

(c) All or a portion of the security was held on loan. As of March 31, 2026, the market value of securities loaned was $11,108,631 and the collateral received consisted of cash in the amount of $876,628 and non-cash collateral with a value of $10,564,563. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party 

---

| | |
|:---|:---|
|  | custodian, and cannot be sold or repledged by the Portfolio. |
| (d) | 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) | Principal amount of security is adjusted for inflation. |
| (g) | All or a portion of the security was pledged as collateral against open futures contracts. As of <br> March 31, 2026, the market value of securities pledged was $702,516.<br>|
| (h) | 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>|
| (i) | This loan will settle after March 31, 2026, at which time the interest rate will be determined. |
| (j) | 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>|
| (k) | 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>|
| (l) | Represents investment of cash collateral received from securities on loan as of March 31, <br> 2026.<br>|
| (m) | 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> $33,923,746, which is 9.8% of net assets.<br>|

---

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

---

| | |
|:---|:---|
| **Country Diversification as of** <br>**March 31, 2026 (Unaudited)**<br>| **% of** <br>**Net Assets**<br>|
| United States | 68.7 |
| United Kingdom | 3.5 |
| Taiwan | 3.1 |
| Netherlands | 3.1 |
| Japan | 2.4 |
| Canada | 2.3 |
| Australia | 2.2 |
| Sweden | 1.6 |
| Mexico | 1.2 |
| Israel | 1.0 |

---

**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>|
| CNH | &nbsp;&nbsp; 51969000 | HSBCU | 06/17/26 | USD | 7588432 | &nbsp;&nbsp; $(3312)<br>|
| EUR | &nbsp;&nbsp; 9201000 | MSC | 06/17/26 | USD | 10702198 | &nbsp;&nbsp; (30264)<br>|
| JPY | &nbsp;&nbsp; 523419000 | MSC | 06/17/26 | USD | 3336495 | &nbsp;&nbsp; (17385)<br>|

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contracts to Deliver** | **Contracts to Deliver** |  |  |  |  |  |
| AUD | &nbsp;&nbsp; 4,012,000 | HSBCU | 06/17/26 | USD | 2,853,960 | &nbsp;&nbsp; 88,954 |
| BRL | &nbsp;&nbsp; 5,039,000 | UBSA | 06/02/26 | USD | 953,038 | &nbsp;&nbsp; (7,027)<br>|

---

**BHFTI-215**

------

**Brighthouse Funds Trust I**

**Loomis Sayles Global Allocation 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>|
| CAD | &nbsp;&nbsp; 2000000 | CBNA | 06/17/26 | USD | 1465964 | &nbsp;&nbsp; $23466 |
| COP | &nbsp;&nbsp; 4796862000 | UBSA | 06/17/26 | USD | 1265863 | &nbsp;&nbsp; (18635)<br>|
| EUR | &nbsp;&nbsp; 880000 | MSC | 06/17/26 | USD | 1017632 | &nbsp;&nbsp; (3051)<br>|
| IDR | &nbsp;&nbsp; 5055803000 | BOA | 06/17/26 | USD | 297400 | &nbsp;&nbsp; 402 |
| JPY | &nbsp;&nbsp; 66000000 | MSC | 06/17/26 | USD | 421190 | &nbsp;&nbsp; 2670 |
| KRW | &nbsp;&nbsp; 1692472000 | BOA | 06/17/26 | USD | 1153185 | &nbsp;&nbsp; 45655 |
| MXN | &nbsp;&nbsp; 30479000 | BOA | 06/17/26 | USD | 1695415 | &nbsp;&nbsp; 5310 |
| NZD | &nbsp;&nbsp; 4708000 | MSC | 06/17/26 | USD | 2767984 | &nbsp;&nbsp; 55301 |
| ZAR | &nbsp;&nbsp; 4000000 | BOA | 06/17/26 | USD | 238796 | &nbsp;&nbsp; 3762 |
| ZAR | &nbsp;&nbsp; 12950000 | BOA | 06/17/26 | USD | 771775 | &nbsp;&nbsp; 10854 |

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Cross Currency** <br> **Contracts to Buy** | **Cross Currency** <br> **Contracts to Buy** |  |  |  |  |  |
| EUR | &nbsp;&nbsp; 338018 | MSC | 06/17/26 | NOK | 3786000 | &nbsp;&nbsp; 1276 |
| Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | &nbsp;&nbsp; $157976 |

---

**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>|
| Euro-Bund Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; 24 | EUR | 3009360 | &nbsp;&nbsp;&nbsp; $(64635)<br>|
| U.S. Treasury Note 2 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; 14 | USD | 2904234 | &nbsp;&nbsp;&nbsp; (21109)<br>|
| U.S. Treasury Note 5 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; 270 | USD | 29208516 | &nbsp;&nbsp;&nbsp; (427282)<br>|
| U.S. Treasury Note 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 65 | USD | 7218047 | &nbsp;&nbsp;&nbsp; (140729)<br>|

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Short** |  |  |  |  |  |
| U.S. Treasury Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (14)<br>| USD | (1594250)<br>| &nbsp;&nbsp;&nbsp; 52484 |
| U.S. Treasury Note Ultra 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (104)<br>| USD | (11805625)<br>| &nbsp;&nbsp;&nbsp; 264862 |
| U.S. Treasury Ultra Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (13)<br>| USD | (1515312)<br>| &nbsp;&nbsp;&nbsp; 52609 |
| Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | &nbsp;&nbsp;&nbsp; $(283800)<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; Banks | &nbsp;&nbsp;&nbsp; $6186185 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $6186185 |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadline Retail | &nbsp;&nbsp;&nbsp; 11600014 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11600014 |
| &nbsp;&nbsp;&nbsp;&nbsp; Building Products | &nbsp;&nbsp;&nbsp; 6810782 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6810782 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp;&nbsp; 22120260 | &nbsp;&nbsp;&nbsp; 4119134 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26239394 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp;&nbsp; 4955617 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4955617 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples Distribution & Retail | &nbsp;&nbsp;&nbsp; 6080216 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6080216 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5136331 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5136331 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronic Equipment, Instruments & Components | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4026560 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4026560 |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial Services | &nbsp;&nbsp;&nbsp; 9711892 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9711892 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Providers & Services | &nbsp;&nbsp;&nbsp; 1415456 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1415456 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure | &nbsp;&nbsp;&nbsp; 30198552 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 30198552 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp;&nbsp; 4803355 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4803355 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interactive Media & Services | &nbsp;&nbsp;&nbsp; 10327717 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10327717 |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp;&nbsp; 2076256 | &nbsp;&nbsp;&nbsp; 5040003 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7116259 |
| &nbsp;&nbsp;&nbsp;&nbsp; Life Sciences Tools & Services | &nbsp;&nbsp;&nbsp; 7909216 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7909216 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | &nbsp;&nbsp;&nbsp; 12851639 | &nbsp;&nbsp;&nbsp; 5183276 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 18034915 |

---

**BHFTI-216**

------

**Brighthouse Funds Trust I**

**Loomis Sayles Global Allocation 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; Semiconductors & Semiconductor Equipment | &nbsp;&nbsp;&nbsp; $26252862 | &nbsp;&nbsp;&nbsp; $21198752 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $47451614 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp; 10342150 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10342150 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Retail | &nbsp;&nbsp;&nbsp; 11177760 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11177760 |
| &nbsp;&nbsp;&nbsp;&nbsp; Textiles, Apparel & Luxury Goods | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1375766 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1375766 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 184819929 | &nbsp;&nbsp;&nbsp; 46079822 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 230899751 |
| Total Corporate Bonds & Notes\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 63018426 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 63018426 |
| Total Foreign Government\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 31881627 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 31881627 |
| Total U.S. Treasury & Government Agencies\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10490125 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10490125 |
| Total Floating Rate Loans (Less Unfunded Loan Commitments of $3,123)\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4461509 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4461509 |
| Total Convertible Bonds\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 543738 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 543738 |
| Total Municipals\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 358287 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 358287 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3288235 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3288235 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 700000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 176628 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 176628 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp; 176628 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 876628 |
| Total Net Investments | &nbsp;&nbsp;&nbsp; $185519929 | &nbsp;&nbsp;&nbsp; $160298397 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $345818326 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(876628)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(876628)<br>|
| Forward Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $237650 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $237650 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (79674)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (79674)<br>|
| Total Forward Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $157976 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $157976 |
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $369955 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $369955 |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; (653755)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (653755)<br>|
| Total Futures Contracts | &nbsp;&nbsp;&nbsp; $(283800)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(283800)<br>|

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-217**

------

**Brighthouse Funds Trust I**

**Loomis Sayles Growth Portfolio**

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

**Common Stocks—99.1% 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 — 4.8%** | **Aerospace & Defense — 4.8%** | **Aerospace & Defense — 4.8%** |
| Boeing Co. (a) | 652891 | &nbsp;&nbsp;&nbsp; $129944896 |
| **Air Freight & Logistics — 1.3%** | **Air Freight & Logistics — 1.3%** | **Air Freight & Logistics — 1.3%** |
| Expeditors International of Washington, Inc.  | 251887 | &nbsp;&nbsp;&nbsp; 36077775 |
| **Automobiles — 8.0%** | **Automobiles — 8.0%** | **Automobiles — 8.0%** |
| Tesla, Inc. (a) | 589272 | &nbsp;&nbsp;&nbsp; 219061866 |
| **Beverages — 3.0%** | **Beverages — 3.0%** | **Beverages — 3.0%** |
| Monster Beverage Corp. (a) | 1136563 | &nbsp;&nbsp;&nbsp; 82355355 |
| **Biotechnology — 5.5%** | **Biotechnology — 5.5%** | **Biotechnology — 5.5%** |
| Regeneron Pharmaceuticals, Inc.  | 86481 | &nbsp;&nbsp;&nbsp; 66818680 |
| Vertex Pharmaceuticals, Inc. (a) | 182763 | &nbsp;&nbsp;&nbsp; 81610990 |
|  |  | &nbsp;&nbsp;&nbsp; 148429670 |
| **Broadline Retail — 5.6%** | **Broadline Retail — 5.6%** | **Broadline Retail — 5.6%** |
| Alibaba Group Holding Ltd. (ADR) (b) | 12617 | &nbsp;&nbsp;&nbsp; 1582929 |
| Amazon.com, Inc. (a) | 728164 | &nbsp;&nbsp;&nbsp; 151654716 |
|  |  | &nbsp;&nbsp;&nbsp; 153237645 |
| **Capital Markets — 1.6%** | **Capital Markets — 1.6%** | **Capital Markets — 1.6%** |
| FactSet Research Systems, Inc. (b) | 66362 | &nbsp;&nbsp;&nbsp; 14399890 |
| SEI Investments Co. (b) | 376564 | &nbsp;&nbsp;&nbsp; 29548977 |
|  |  | &nbsp;&nbsp;&nbsp; 43948867 |
| **Entertainment — 8.4%** | **Entertainment — 8.4%** | **Entertainment — 8.4%** |
| Netflix, Inc. (a) | 1743619 | &nbsp;&nbsp;&nbsp; 167648967 |
| Walt Disney Co.  | 640142 | &nbsp;&nbsp;&nbsp; 61696886 |
|  |  | &nbsp;&nbsp;&nbsp; 229345853 |
| **Financial Services — 5.8%** | **Financial Services — 5.8%** | **Financial Services — 5.8%** |
| Block, Inc. (a) | 320196 | &nbsp;&nbsp;&nbsp; 19269395 |
| PayPal Holdings, Inc.  | 290391 | &nbsp;&nbsp;&nbsp; 13134385 |
| Visa, Inc. - Class A (b) | 418882 | &nbsp;&nbsp;&nbsp; 126602896 |
|  |  | &nbsp;&nbsp;&nbsp; 159006676 |
| **Health Care Equipment & Supplies — 1.3%** | **Health Care Equipment & Supplies — 1.3%** | **Health Care Equipment & Supplies — 1.3%** |
| Intuitive Surgical, Inc. (a) | 76866 | &nbsp;&nbsp;&nbsp; 35434457 |
| **Hotels, Restaurants & Leisure — 2.7%** | **Hotels, Restaurants & Leisure — 2.7%** | **Hotels, Restaurants & Leisure — 2.7%** |
| Starbucks Corp. (b) | 424781 | &nbsp;&nbsp;&nbsp; 38056130 |
| Yum China Holdings, Inc.  | 158115 | &nbsp;&nbsp;&nbsp; 7712850 |
| Yum! Brands, Inc.  | 174313 | &nbsp;&nbsp;&nbsp; 27102185 |
|  |  | &nbsp;&nbsp;&nbsp; 72871165 |
| **Interactive Media & Services — 16.2%** | **Interactive Media & Services — 16.2%** | **Interactive Media & Services — 16.2%** |
| Alphabet, Inc. - Class A | 870810 | &nbsp;&nbsp;&nbsp; 250410123 |
| Meta Platforms, Inc. - Class A | 334768 | &nbsp;&nbsp;&nbsp; 191530816 |
|  |  | &nbsp;&nbsp;&nbsp; 441940939 |
| **IT Services — 2.7%** | **IT Services — 2.7%** | **IT Services — 2.7%** |
| Shopify, Inc. - Class A (a) | 618788 | &nbsp;&nbsp;&nbsp; 73400633 |
| **Life Sciences Tools & Services — 1.8%** | **Life Sciences Tools & Services — 1.8%** | **Life Sciences Tools & Services — 1.8%** |
| Illumina, Inc. (a) | 130381 | &nbsp;&nbsp;&nbsp; 16070762 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Life Sciences Tools & Services—(Continued)** | **Life Sciences Tools & Services—(Continued)** | **Life Sciences Tools & Services—(Continued)** |
| Thermo Fisher Scientific, Inc.  | 66298 | &nbsp;&nbsp;&nbsp; $32587456 |
|  |  | &nbsp;&nbsp;&nbsp; 48658218 |
| **Machinery — 1.3%** | **Machinery — 1.3%** | **Machinery — 1.3%** |
| Deere & Co.  | 60207 | &nbsp;&nbsp;&nbsp; 33914603 |
| **Pharmaceuticals — 3.5%** | **Pharmaceuticals — 3.5%** | **Pharmaceuticals — 3.5%** |
| Novartis AG (ADR) (b) | 251032 | &nbsp;&nbsp;&nbsp; 38345138 |
| Novo Nordisk AS (ADR) (b) | 799675 | &nbsp;&nbsp;&nbsp; 29388056 |
| Roche Holding AG (ADR) (b) | 573012 | &nbsp;&nbsp;&nbsp; 28484427 |
|  |  | &nbsp;&nbsp;&nbsp; 96217621 |
| **Semiconductors & Semiconductor Equipment — 12.8%** | **Semiconductors & Semiconductor Equipment — 12.8%** | **Semiconductors & Semiconductor Equipment — 12.8%** |
| NVIDIA Corp.  | 1855893 | &nbsp;&nbsp;&nbsp; 323667739 |
| QUALCOMM, Inc.  | 185487 | &nbsp;&nbsp;&nbsp; 23887016 |
|  |  | &nbsp;&nbsp;&nbsp; 347554755 |
| **Software — 12.1%** | **Software — 12.1%** | **Software — 12.1%** |
| Autodesk, Inc. (a) | 253447 | &nbsp;&nbsp;&nbsp; 60675212 |
| Microsoft Corp.  | 269901 | &nbsp;&nbsp;&nbsp; 99909253 |
| Oracle Corp.  | 745613 | &nbsp;&nbsp;&nbsp; 109687128 |
| Salesforce, Inc.  | 255031 | &nbsp;&nbsp;&nbsp; 47606637 |
| Workday, Inc. - Class A (a) (b) | 88497 | &nbsp;&nbsp;&nbsp; 11497530 |
|  |  | &nbsp;&nbsp;&nbsp; 329375760 |
| **Textiles, Apparel & Luxury Goods — 0.7%** | **Textiles, Apparel & Luxury Goods — 0.7%** | **Textiles, Apparel & Luxury Goods — 0.7%** |
| NIKE, Inc. - Class B | 360241 | &nbsp;&nbsp;&nbsp; 19027930 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $1,430,705,618) <br>|  | &nbsp;&nbsp;&nbsp; 2699804684 |
| **Investment Companies—0.1%** | **Investment Companies—0.1%** | **Investment Companies—0.1%** |
| **Exchange-Traded Funds — 0.1%** | **Exchange-Traded Funds — 0.1%** | **Exchange-Traded Funds — 0.1%** |
| Natixis Loomis Sayles Focused Growth ETF (c) | 70462 | &nbsp;&nbsp;&nbsp; 2775498 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $3,171,319) <br>|  | &nbsp;&nbsp;&nbsp; 2775498 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—0.7%** | **Short-Term Investments—0.7%** | **Short-Term Investments—0.7%** |
| **Repurchase Agreement—0.7%** | **Repurchase Agreement—0.7%** | **Repurchase Agreement—0.7%** |
| 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 $18,730,047; <br> collateralized by U.S. Treasury Note at 2.750%, maturing <br> 07/31/27, with a market value of $19,103,325<br>| 18728746 | &nbsp;&nbsp;&nbsp; 18728746 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $18,728,746) <br>|  | &nbsp;&nbsp;&nbsp; 18728746 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (d)—0.8%** | **Securities Lending Reinvestments (d)—0.8%** | **Securities Lending Reinvestments (d)—0.8%** |
| **Short-Term Investment Funds—0.4%** | **Short-Term Investment Funds—0.4%** | **Short-Term Investment Funds—0.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund, <br>Select Class 3.600% (e)<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |

---

**BHFTI-218**

------

**Brighthouse Funds Trust I**

**Loomis Sayles Growth 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; BlackRock Liquidity Funds FedFund, <br>Institutional Shares 3.550% (e)<br>| 3000000 | &nbsp;&nbsp;&nbsp; $3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (e)<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares 3.580% (e)<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
|  |  | &nbsp;&nbsp;&nbsp; 12000000 |

---

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

---

| | | |
|:---|:---|:---|
| **Repurchase Agreements—0.4%** | **Repurchase Agreements—0.4%** | **Repurchase Agreements—0.4%** |
| 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 $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 |
| Barclays Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.660%, 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 4.000% - <br> 4.500%, maturity dates ranging from 05/31/29 - 07/31/29, <br> and an aggregate market value of $1,020,001<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 $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 |
| 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 $2,477,703; collateralized <br> by 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 $2,527,001<br>| 2477452 | &nbsp;&nbsp;&nbsp; 2477452 |
| 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 |

---

---

| | | |
|:---|:---|:---|
| **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 $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 |
| TD Securities (USA) LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.740%, due on <br> 04/01/26 with a maturity value of $1,000,104; collateralized <br> by various Common Stock with an aggregate market value of <br> $1,100,114<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
|  |  | &nbsp;&nbsp;&nbsp; 9477452 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $21,477,452) <br>|  | &nbsp;&nbsp;&nbsp; 21477452 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—100.7% <br>(Cost $1,474,083,135) <br>|  | &nbsp;&nbsp;&nbsp; 2742786380 |
| Other assets and liabilities (net)—(0.7)%  |  | &nbsp;&nbsp;&nbsp; (18188693)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $2724597687 |

---

&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 $58,163,164 and the collateral received consisted of cash in the amount of $21,477,452 and non-cash collateral with a value of $36,913,631. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. 

(c) Affiliated Issuer. (See the table that follows for a summary of transactions in affiliated issuers.)

(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.

**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>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Ending Value** <br>**as of** <br>**March 31, 2026**<br>|
| Natixis Loomis Sayles Focused Growth ETF | &nbsp;&nbsp; $3153879 | &nbsp;&nbsp; $(378381)<br>| &nbsp;&nbsp; $2775498 |

---

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

---

| | |
|:---|:---|
| **Security Description** | **Number of** <br>**shares held at** <br>**March 31, 2026**<br>|
| Natixis Loomis Sayles Focused Growth ETF | &nbsp;&nbsp; 70,462 |

---

**BHFTI-219**

------

**Brighthouse Funds Trust I**

**Loomis Sayles 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; $2699804684 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $2699804684 |
| Total Investment Companies\* | &nbsp;&nbsp;&nbsp; 2775498 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2775498 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 18728746 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 18728746 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 12000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9477452 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9477452 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 12000000 | &nbsp;&nbsp;&nbsp; 9477452 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21477452 |
| Total Investments | &nbsp;&nbsp;&nbsp; $2714580182 | &nbsp;&nbsp;&nbsp; $28206198 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $2742786380 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(21477452)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(21477452)<br>|

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-220**

------

**Brighthouse Funds Trust I**

**MetLife Multi-Index Targeted Risk Portfolio**

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

**Investment Companies—76.0% of Net Assets**

&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>|
| **Affiliated Mutual Funds — 76.0%** | **Affiliated Mutual Funds — 76.0%** | **Affiliated Mutual Funds — 76.0%** |
| MetLife Aggregate Bond Index Portfolio (Class A) (a) | 201889384 | &nbsp;&nbsp;&nbsp; $1968421499 |
| MetLife Mid Cap Stock Index Portfolio (Class A) (a) | 12934451 | &nbsp;&nbsp;&nbsp; 232820115 |
| MetLife MSCI EAFE Index Portfolio (Class A) (a) | 28020833 | &nbsp;&nbsp;&nbsp; 529033334 |
| MetLife Russell 2000 Index Portfolio (Class A) (a) | 7083249 | &nbsp;&nbsp;&nbsp; 138973343 |
| MetLife Stock Index Portfolio (Class A) (a) | 10995380 | &nbsp;&nbsp;&nbsp; 781551625 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $3,461,305,047) <br>|  | &nbsp;&nbsp;&nbsp; 3650799916 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—23.0%** | **Short-Term Investments—23.0%** | **Short-Term Investments—23.0%** |
| **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 $4,818; collateralized <br> by U.S. Treasury Note at 2.750%, maturing 07/31/27, with <br> a market value of $4,987<br>| 4818 | &nbsp;&nbsp;&nbsp; 4818 |
| **U.S. Treasury—23.0%** | **U.S. Treasury—23.0%** | **U.S. Treasury—23.0%** |
| U.S. Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.582%, 04/23/26 (b) (c) (d) | 10080000 | &nbsp;&nbsp;&nbsp; 10057641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.592%, 04/23/26 (b) (c) (d) | 40360000 | &nbsp;&nbsp;&nbsp; 40270476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.597%, 04/23/26 (b) (c) (d) | 151370000 | &nbsp;&nbsp;&nbsp; 151034242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.609%, 04/21/26 (d) | 6510000 | &nbsp;&nbsp;&nbsp; 6496879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.618%, 04/21/26 (d) | 198550000 | &nbsp;&nbsp;&nbsp; 198149810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.620%, 04/07/26 (d) | 7790000 | &nbsp;&nbsp;&nbsp; 7785306 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **U.S. Treasury—(Continued)** | **U.S. Treasury—(Continued)** | **U.S. Treasury—(Continued)** |
| U.S. Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.620%, 05/05/26 (d) | 236265000 | &nbsp;&nbsp;&nbsp; $235456274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.622%, 05/19/26 (d) | 120680000 | &nbsp;&nbsp;&nbsp; 120095909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.623%, 04/07/26 (d) | 170080000 | &nbsp;&nbsp;&nbsp; 169977527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.627%, 04/28/26 (d) | 100000000 | &nbsp;&nbsp;&nbsp; 99727712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.629%, 04/28/26 (d) | 4290000 | &nbsp;&nbsp;&nbsp; 4278319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.632%, 04/28/26 (d) | 60300000 | &nbsp;&nbsp;&nbsp; 60135811 |
|  |  | &nbsp;&nbsp;&nbsp; 1103465906 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $1,103,478,339) <br>|  | &nbsp;&nbsp;&nbsp; 1103470724 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—99.0% <br>(Cost $4,564,783,386) <br>|  | &nbsp;&nbsp;&nbsp; 4754270640 |
| Other assets and liabilities (net)—1.0%  |  | &nbsp;&nbsp;&nbsp; 47455660 |
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $4801726300 |

---

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

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

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

(b) All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of March 31, 2026, the market value of securities pledged was $69,844,731. 

(c) All or a portion of the security was pledged as collateral against open futures contracts. As of March 31, 2026, the market value of securities pledged was $102,172,863. 

(d) The rate shown represents current yield to maturity.

**Transactions in Securities of Affiliated Issuers**

The Portfolio does not invest in the Underlying Portfolios for the purpose of exercising control; however, investments by the 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>| **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 Aggregate Bond Index Portfolio (Class A) | &nbsp;&nbsp; $2045944194 | &nbsp;&nbsp; $(75703811)<br>| &nbsp;&nbsp; $3446309 | &nbsp;&nbsp; $(5265193)<br>| &nbsp;&nbsp; $1968421499 |
| MetLife Mid Cap Stock Index Portfolio (Class A) | &nbsp;&nbsp; 242895611 | &nbsp;&nbsp; (16500845)<br>| &nbsp;&nbsp; 1070425 | &nbsp;&nbsp; 5354924 | &nbsp;&nbsp; 232820115 |
| MetLife MSCI EAFE Index Portfolio (Class A) | &nbsp;&nbsp; 566546947 | &nbsp;&nbsp; (42153805)<br>| &nbsp;&nbsp; 10449278 | &nbsp;&nbsp; (5809086)<br>| &nbsp;&nbsp; 529033334 |
| MetLife Russell 2000 Index Portfolio (Class A) | &nbsp;&nbsp; 145666821 | &nbsp;&nbsp; (8452940)<br>| &nbsp;&nbsp; 368528 | &nbsp;&nbsp; 1390934 | &nbsp;&nbsp; 138973343 |
| MetLife Stock Index Portfolio (Class A) | &nbsp;&nbsp; 824486465 | &nbsp;&nbsp; (7067113)<br>| &nbsp;&nbsp; 385703 | &nbsp;&nbsp; (36253430)<br>| &nbsp;&nbsp; 781551625 |
|  | &nbsp;&nbsp; $3825540038 | &nbsp;&nbsp; $(149878514)<br>| &nbsp;&nbsp; $15720243 | &nbsp;&nbsp; $(40581851)<br>| &nbsp;&nbsp; $3650799916 |

---

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

---

| | |
|:---|:---|
| **Security Description** | **Number of** <br>**shares held at** <br>**March 31, 2026**<br>|
| MetLife Aggregate Bond Index Portfolio (Class A) | &nbsp;&nbsp; 201889384 |
| MetLife Mid Cap Stock Index Portfolio (Class A) | &nbsp;&nbsp; 12934451 |
| MetLife MSCI EAFE Index Portfolio (Class A) | &nbsp;&nbsp; 28020833 |
| MetLife Russell 2000 Index Portfolio (Class A) | &nbsp;&nbsp; 7083249 |
| MetLife Stock Index Portfolio (Class A) | &nbsp;&nbsp; 10995380 |

---

**BHFTI-221**

------

**Brighthouse Funds Trust I**

**MetLife Multi-Index Targeted Risk 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>|
| MSCI EAFE Index Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; 3744 | USD | 543085920 | &nbsp;&nbsp;&nbsp; $(3667547)<br>|
| Russell 2000 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 1128 | USD | 141688080 | &nbsp;&nbsp;&nbsp; 290065 |
| S&P 500 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 2224 | USD | 730667400 | &nbsp;&nbsp;&nbsp; (17364560)<br>|
| S&P Midcap 400 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 708 | USD | 240472200 | &nbsp;&nbsp;&nbsp; 1756909 |
| Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | &nbsp;&nbsp;&nbsp; $(18985133)<br>|

---

**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 | Annually | 3.570<br> %<br>| Annually | 01/17/36 | USD | 255000000 | &nbsp;&nbsp; $(6071538)<br>| &nbsp;&nbsp; $2513 | &nbsp;&nbsp; $(6074051)<br>|
| Pay | 12M SOFR | Annually | 3.620<br> %<br>| Annually | 05/19/36 | USD | 255000000 | &nbsp;&nbsp; (5451621)<br>| &nbsp;&nbsp; 2566 | &nbsp;&nbsp; (5454187)<br>|
| Pay | 12M SOFR | Annually | 3.640<br> %<br>| Annually | 02/18/36 | USD | 255000000 | &nbsp;&nbsp; (4729230)<br>| &nbsp;&nbsp; 2536 | &nbsp;&nbsp; (4731766)<br>|
| Pay | 12M SOFR | Annually | 3.750<br> %<br>| Annually | 06/13/36 | USD | 255000000 | &nbsp;&nbsp; (2798582)<br>| &nbsp;&nbsp; (2574)<br>| &nbsp;&nbsp; (2796008)<br>|
| Pay | 12M SOFR | Annually | 3.780<br> %<br>| Annually | 03/16/36 | USD | 255000000 | &nbsp;&nbsp; (1863417)<br>| &nbsp;&nbsp; 2554 | &nbsp;&nbsp; (1865971)<br>|
| Pay | 12M SOFR | Annually | 3.830<br> %<br>| Annually | 04/16/36 | USD | 255000000 | &nbsp;&nbsp; (900253)<br>| &nbsp;&nbsp; 2566 | &nbsp;&nbsp; (902819)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $(21814641)<br>| &nbsp;&nbsp; $10161 | &nbsp;&nbsp; $(21824802)<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 Investment Companies\* | &nbsp;&nbsp;&nbsp; $3650799916 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $3650799916 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1103470724 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1103470724 |
| Total Investments | &nbsp;&nbsp;&nbsp; $3650799916 | &nbsp;&nbsp;&nbsp; $1103470724 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $4754270640 |
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $2046974 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $2046974 |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; (21032107)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (21032107)<br>|
| Total Futures Contracts | &nbsp;&nbsp;&nbsp; $(18985133)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(18985133)<br>|
| Centrally Cleared Swap Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Swap Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(21824802)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(21824802)<br>|

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-222**

------

**Brighthouse Funds Trust I**

**MFS**<sup>®</sup> **Research International 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>|
| **Australia — 4.3%** | **Australia — 4.3%** | **Australia — 4.3%** |
| APA Group | 627655 | &nbsp;&nbsp;&nbsp; $4316076 |
| Aristocrat Leisure Ltd.  | 149728 | &nbsp;&nbsp;&nbsp; 4757509 |
| CSL Ltd.  | 85769 | &nbsp;&nbsp;&nbsp; 8425816 |
| Glencore PLC (a) | 2263959 | &nbsp;&nbsp;&nbsp; 17251376 |
| Northern Star Resources Ltd.  | 242092 | &nbsp;&nbsp;&nbsp; 3534260 |
| Qantas Airways Ltd.  | 940291 | &nbsp;&nbsp;&nbsp; 5522447 |
| Rio Tinto PLC | 141323 | &nbsp;&nbsp;&nbsp; 13136227 |
|  |  | &nbsp;&nbsp;&nbsp; 56943711 |
| **Brazil — 1.7%** | **Brazil — 1.7%** | **Brazil — 1.7%** |
| B3 SA - Brasil Bolsa Balcao | 3379100 | &nbsp;&nbsp;&nbsp; 12003328 |
| Banco Bradesco SA (ADR) | 2926999 | &nbsp;&nbsp;&nbsp; 10683547 |
|  |  | &nbsp;&nbsp;&nbsp; 22686875 |
| **Canada — 2.7%** | **Canada — 2.7%** | **Canada — 2.7%** |
| Alimentation Couche-Tard, Inc.  | 47822 | &nbsp;&nbsp;&nbsp; 2710635 |
| Constellation Software, Inc.  | 3810 | &nbsp;&nbsp;&nbsp; 6688219 |
| RB Global, Inc. (b) | 87035 | &nbsp;&nbsp;&nbsp; 8346876 |
| Toronto-Dominion Bank | 195136 | &nbsp;&nbsp;&nbsp; 18224477 |
|  |  | &nbsp;&nbsp;&nbsp; 35970207 |
| **China — 0.2%** | **China — 0.2%** | **China — 0.2%** |
| China Resources Gas Group Ltd. (b) | 1134824 | &nbsp;&nbsp;&nbsp; 2768005 |
| **Denmark — 0.4%** | **Denmark — 0.4%** | **Denmark — 0.4%** |
| Novonesis (Novozymes) - B Shares | 102166 | &nbsp;&nbsp;&nbsp; 6045138 |
| **France — 8.4%** | **France — 8.4%** | **France — 8.4%** |
| Accor SA | 122006 | &nbsp;&nbsp;&nbsp; 5845591 |
| BNP Paribas SA | 187563 | &nbsp;&nbsp;&nbsp; 17867440 |
| Cie Generale des Etablissements Michelin SCA | 190991 | &nbsp;&nbsp;&nbsp; 6503689 |
| Legrand SA | 109385 | &nbsp;&nbsp;&nbsp; 16902683 |
| LVMH Moet Hennessy Louis Vuitton SE | 25323 | &nbsp;&nbsp;&nbsp; 14076174 |
| Pernod Ricard SA | 131956 | &nbsp;&nbsp;&nbsp; 9849069 |
| Thales SA | 46871 | &nbsp;&nbsp;&nbsp; 13761669 |
| TotalEnergies SE | 304485 | &nbsp;&nbsp;&nbsp; 28114093 |
|  |  | &nbsp;&nbsp;&nbsp; 112920408 |
| **Germany — 4.7%** | **Germany — 4.7%** | **Germany — 4.7%** |
| Beiersdorf AG (b) | 109506 | &nbsp;&nbsp;&nbsp; 9688262 |
| E.ON SE (b) | 453830 | &nbsp;&nbsp;&nbsp; 9919262 |
| GEA Group AG | 168277 | &nbsp;&nbsp;&nbsp; 11892204 |
| Merck KGaA (b) | 80016 | &nbsp;&nbsp;&nbsp; 9937139 |
| MTU Aero Engines AG (b) | 39370 | &nbsp;&nbsp;&nbsp; 14094603 |
| Symrise AG (b) | 81195 | &nbsp;&nbsp;&nbsp; 6874654 |
|  |  | &nbsp;&nbsp;&nbsp; 62406124 |
| **Hong Kong — 2.5%** | **Hong Kong — 2.5%** | **Hong Kong — 2.5%** |
| AIA Group Ltd.  | 1685228 | &nbsp;&nbsp;&nbsp; 18931597 |
| CLP Holdings Ltd.  | 452000 | &nbsp;&nbsp;&nbsp; 4255735 |
| Techtronic Industries Co. Ltd.  | 746000 | &nbsp;&nbsp;&nbsp; 9929740 |
|  |  | &nbsp;&nbsp;&nbsp; 33117072 |
| **India — 1.2%** | **India — 1.2%** | **India — 1.2%** |
| HDFC Bank Ltd.  | 1200035 | &nbsp;&nbsp;&nbsp; 9586923 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **India — (Continued)** | **India — (Continued)** | **India — (Continued)** |
| Reliance Industries Ltd.  | 409807 | &nbsp;&nbsp;&nbsp; $5957748 |
|  |  | &nbsp;&nbsp;&nbsp; 15544671 |
| **Ireland — 1.2%** | **Ireland — 1.2%** | **Ireland — 1.2%** |
| Bank of Ireland Group PLC | 878483 | &nbsp;&nbsp;&nbsp; 16076690 |
| **Italy — 3.4%** | **Italy — 3.4%** | **Italy — 3.4%** |
| BPER Banca SpA | 1345720 | &nbsp;&nbsp;&nbsp; 17566769 |
| Davide Campari-Milano NV (b) | 1200101 | &nbsp;&nbsp;&nbsp; 8547348 |
| Eni SpA (b) | 691284 | &nbsp;&nbsp;&nbsp; 19629907 |
|  |  | &nbsp;&nbsp;&nbsp; 45744024 |
| **Japan — 22.6%** | **Japan — 22.6%** | **Japan — 22.6%** |
| Ajinomoto Co., Inc.  | 254700 | &nbsp;&nbsp;&nbsp; 7141437 |
| Capcom Co. Ltd. (b) | 130700 | &nbsp;&nbsp;&nbsp; 2771468 |
| Daiichi Sankyo Co. Ltd.  | 625700 | &nbsp;&nbsp;&nbsp; 11031386 |
| Daikin Industries Ltd.  | 77400 | &nbsp;&nbsp;&nbsp; 9389848 |
| Disco Corp. (b) | 28100 | &nbsp;&nbsp;&nbsp; 11259582 |
| FUJIFILM Holdings Corp. (b) | 261800 | &nbsp;&nbsp;&nbsp; 4975676 |
| Fujitsu Ltd.  | 490200 | &nbsp;&nbsp;&nbsp; 9962122 |
| Hitachi Ltd.  | 1085200 | &nbsp;&nbsp;&nbsp; 31715644 |
| Japan Airlines Co. Ltd. (b) | 189400 | &nbsp;&nbsp;&nbsp; 3081548 |
| KDDI Corp.  | 767200 | &nbsp;&nbsp;&nbsp; 13138226 |
| Keyence Corp.  | 27400 | &nbsp;&nbsp;&nbsp; 9703854 |
| Mitsubishi Electric Corp.  | 433100 | &nbsp;&nbsp;&nbsp; 14143957 |
| Mitsui & Co. Ltd.  | 323200 | &nbsp;&nbsp;&nbsp; 12443288 |
| Mizuho Financial Group, Inc.  | 1002000 | &nbsp;&nbsp;&nbsp; 39994679 |
| NEC Corp. (b) | 147700 | &nbsp;&nbsp;&nbsp; 3679744 |
| Nitori Holdings Co. Ltd. (b) | 191200 | &nbsp;&nbsp;&nbsp; 3036730 |
| Pan Pacific International Holdings Corp.  | 1341200 | &nbsp;&nbsp;&nbsp; 8227220 |
| Shimano, Inc.  | 57800 | &nbsp;&nbsp;&nbsp; 6056956 |
| Shin-Etsu Chemical Co. Ltd.  | 340800 | &nbsp;&nbsp;&nbsp; 13866328 |
| SoftBank Group Corp.  | 119100 | &nbsp;&nbsp;&nbsp; 2862465 |
| Sompo Holdings, Inc.  | 357300 | &nbsp;&nbsp;&nbsp; 13960898 |
| Sony Group Corp. (b) | 585900 | &nbsp;&nbsp;&nbsp; 12084976 |
| Suzuki Motor Corp.  | 920100 | &nbsp;&nbsp;&nbsp; 11023692 |
| Taisei Corp. (b) | 111900 | &nbsp;&nbsp;&nbsp; 11686123 |
| Terumo Corp.  | 512500 | &nbsp;&nbsp;&nbsp; 6862212 |
| Tokyo Electron Ltd.  | 83800 | &nbsp;&nbsp;&nbsp; 20493467 |
| Unicharm Corp. (b) | 1360600 | &nbsp;&nbsp;&nbsp; 7923044 |
|  |  | &nbsp;&nbsp;&nbsp; 302516570 |
| **Macau — 0.2%** | **Macau — 0.2%** | **Macau — 0.2%** |
| Sands China Ltd.  | 1198000 | &nbsp;&nbsp;&nbsp; 2546206 |
| **Netherlands — 6.5%** | **Netherlands — 6.5%** | **Netherlands — 6.5%** |
| Akzo Nobel NV (b) | 98180 | &nbsp;&nbsp;&nbsp; 5634075 |
| ASML Holding NV | 19833 | &nbsp;&nbsp;&nbsp; 26251695 |
| Euronext NV | 116078 | &nbsp;&nbsp;&nbsp; 18676812 |
| ING Groep NV | 732295 | &nbsp;&nbsp;&nbsp; 19134348 |
| Koninklijke KPN NV | 1989083 | &nbsp;&nbsp;&nbsp; 11063127 |
| Wolters Kluwer NV | 80730 | &nbsp;&nbsp;&nbsp; 6039425 |
|  |  | &nbsp;&nbsp;&nbsp; 86799482 |
| **Portugal — 1.7%** | **Portugal — 1.7%** | **Portugal — 1.7%** |
| Galp Energia SGPS SA | 634288 | &nbsp;&nbsp;&nbsp; 15420502 |

---

**BHFTI-223**

------

**Brighthouse Funds Trust I**

**MFS**<sup>®</sup> **Research International Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Portugal — (Continued)** | **Portugal — (Continued)** | **Portugal — (Continued)** |
| Jeronimo Martins SGPS SA | 321842 | &nbsp;&nbsp;&nbsp; $7720666 |
|  |  | &nbsp;&nbsp;&nbsp; 23141168 |
| **South Korea — 1.4%** | **South Korea — 1.4%** | **South Korea — 1.4%** |
| Samsung Electronics Co. Ltd.  | 122909 | &nbsp;&nbsp;&nbsp; 13806373 |
| Samsung Fire & Marine Insurance Co. Ltd.  | 15484 | &nbsp;&nbsp;&nbsp; 4489194 |
|  |  | &nbsp;&nbsp;&nbsp; 18295567 |
| **Spain — 1.8%** | **Spain — 1.8%** | **Spain — 1.8%** |
| Banco Bilbao Vizcaya Argentaria SA (b) | 728565 | &nbsp;&nbsp;&nbsp; 15901894 |
| Cellnex Telecom SA (a) | 261557 | &nbsp;&nbsp;&nbsp; 8492094 |
|  |  | &nbsp;&nbsp;&nbsp; 24393988 |
| **Sweden — 0.9%** | **Sweden — 0.9%** | **Sweden — 0.9%** |
| Atlas Copco AB - A Shares | 714983 | &nbsp;&nbsp;&nbsp; 12575813 |
| **Switzerland — 2.5%** | **Switzerland — 2.5%** | **Switzerland — 2.5%** |
| Cie Financiere Richemont SA - Class A | 67660 | &nbsp;&nbsp;&nbsp; 12056530 |
| Sika AG | 31763 | &nbsp;&nbsp;&nbsp; 5282484 |
| UBS Group AG | 413553 | &nbsp;&nbsp;&nbsp; 16084735 |
|  |  | &nbsp;&nbsp;&nbsp; 33423749 |
| **Taiwan — 1.8%** | **Taiwan — 1.8%** | **Taiwan — 1.8%** |
| Taiwan Semiconductor Manufacturing Co. Ltd.  | 425468 | &nbsp;&nbsp;&nbsp; 23985945 |
| **Thailand — 0.4%** | **Thailand — 0.4%** | **Thailand — 0.4%** |
| Advanced Info Service PCL | 529600 | &nbsp;&nbsp;&nbsp; 5989715 |
| **United Kingdom — 13.3%** | **United Kingdom — 13.3%** | **United Kingdom — 13.3%** |
| AstraZeneca PLC | 108818 | &nbsp;&nbsp;&nbsp; 21254124 |
| Babcock International Group PLC | 388678 | &nbsp;&nbsp;&nbsp; 5987037 |
| Barclays PLC | 3523013 | &nbsp;&nbsp;&nbsp; 18564338 |
| Beazley PLC | 676871 | &nbsp;&nbsp;&nbsp; 11356232 |
| British American Tobacco PLC | 328700 | &nbsp;&nbsp;&nbsp; 19147007 |
| Burberry Group PLC (a) | 186348 | &nbsp;&nbsp;&nbsp; 2726629 |
| Convatec Group PLC | 2668838 | &nbsp;&nbsp;&nbsp; 7674264 |
| Croda International PLC | 170657 | &nbsp;&nbsp;&nbsp; 6376895 |
| Hiscox Ltd.  | 813825 | &nbsp;&nbsp;&nbsp; 16401454 |
| London Stock Exchange Group PLC | 107892 | &nbsp;&nbsp;&nbsp; 12751316 |
| National Grid PLC | 1069173 | &nbsp;&nbsp;&nbsp; 18025128 |
| NatWest Group PLC | 1729417 | &nbsp;&nbsp;&nbsp; 12832367 |
| Next PLC | 45037 | &nbsp;&nbsp;&nbsp; 7594960 |
| Spirax Group PLC | 86683 | &nbsp;&nbsp;&nbsp; 7757963 |
| Weir Group PLC | 238159 | &nbsp;&nbsp;&nbsp; 8909982 |
|  |  | &nbsp;&nbsp;&nbsp; 177359696 |
| **United States — 14.7%** | **United States — 14.7%** | **United States — 14.7%** |
| Alcon AG (b) | 99195 | &nbsp;&nbsp;&nbsp; 7441697 |
| Aon PLC - Class A | 36858 | &nbsp;&nbsp;&nbsp; 11897025 |
| Cadence Design Systems, Inc. (a) | 19423 | &nbsp;&nbsp;&nbsp; 5397069 |
| Haleon PLC | 3688204 | &nbsp;&nbsp;&nbsp; 18256345 |
| James Hardie Industries PLC (a) | 351978 | &nbsp;&nbsp;&nbsp; 6500898 |
| Linde PLC | 49603 | &nbsp;&nbsp;&nbsp; 24591183 |
| Mastercard, Inc. - Class A | 27001 | &nbsp;&nbsp;&nbsp; 13491320 |
| Novartis AG | 200706 | &nbsp;&nbsp;&nbsp; 30473100 |
| Qiagen NV (b) | 216154 | &nbsp;&nbsp;&nbsp; 8658629 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **United States — (Continued)** | **United States — (Continued)** | **United States — (Continued)** |
| Roche Holding AG | 47777 | &nbsp;&nbsp;&nbsp; $18865506 |
| Schneider Electric SE | 124869 | &nbsp;&nbsp;&nbsp; 34297778 |
| Spotify Technology SA (a) | 17988 | &nbsp;&nbsp;&nbsp; 8722561 |
| Willis Towers Watson PLC (b) | 28582 | &nbsp;&nbsp;&nbsp; 8308788 |
|  |  | &nbsp;&nbsp;&nbsp; 196901899 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $1,042,071,527) <br>|  | &nbsp;&nbsp;&nbsp; 1318152723 |
| **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>| 9715 | &nbsp;&nbsp;&nbsp; 0 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—0.8%** | **Short-Term Investments—0.8%** | **Short-Term Investments—0.8%** |
| **Repurchase Agreement — 0.8%** | **Repurchase Agreement — 0.8%** | **Repurchase Agreement — 0.8%** |
| 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 $10,424,594; <br> collateralized by U.S. Treasury Note at 3.875%, maturing <br> 03/31/28, with a market value of $10,632,370<br>| 10423870 | &nbsp;&nbsp;&nbsp; 10423870 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $10,423,870) <br>|  | &nbsp;&nbsp;&nbsp; 10423870 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (c)—5.0%** | **Securities Lending Reinvestments (c)—5.0%** | **Securities Lending Reinvestments (c)—5.0%** |
| **Short-Term Investment Funds — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund, <br>Select Class, 3.600% (d)<br>| 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class, 3.540% (d)<br>| 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| &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>| 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares, 3.580% (d)<br>| 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; RBC BlueBay U.S. Government Money Market Fund, <br>Institutional Shares, 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>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
|  |  | &nbsp;&nbsp;&nbsp; 26000000 |

---

&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 |

---

**BHFTI-224**

------

**Brighthouse Funds Trust I**

**MFS**<sup>®</sup> **Research International 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 — 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 $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 $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 |
| Barclays Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.660%, 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 4.000% - <br> 4.500%, maturity dates ranging from 05/31/29 - 07/31/29, <br> and an aggregate market value of $1,020,001<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| 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 $5,000,510; 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 $5,100,000<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 $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 |
| 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 $9,150,065; collateralized <br> by 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 $9,332,122<br>| 9149137 | &nbsp;&nbsp;&nbsp; 9149137 |
| 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 |
| 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 |

---

---

| | | |
|:---|:---|:---|
| **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 $150,016; collateralized <br> by various Common Stock with an aggregate market value of <br> $167,194<br>| 150000 | &nbsp;&nbsp;&nbsp; $150000 |
|  |  | &nbsp;&nbsp;&nbsp; 34349137 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $66,349,137) <br>|  | &nbsp;&nbsp;&nbsp; 66349137 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—104.3% <br>(Cost $1,118,844,534) <br>|  | &nbsp;&nbsp;&nbsp; 1394925730 |
| Other assets and liabilities (net)—(4.3)%  |  | &nbsp;&nbsp;&nbsp; (57458743)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1337466987 |

---

&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 $123,579,472 and the collateral received consisted of cash in the amount of $66,349,137 and non-cash collateral with a value of $61,751,711. 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.

&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 | 14.7 |
| Pharmaceuticals | 8.2 |
| Insurance | 6.4 |
| Semiconductors & Semiconductor Equipment | 6.1 |
| Oil, Gas & Consumable Fuels | 5.2 |
| Chemicals | 5.1 |
| Electrical Equipment | 4.9 |
| Capital Markets | 4.5 |
| Machinery | 3.8 |
| Metals & Mining | 2.5 |

---

**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; $56943711 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $56943711 |

---

**BHFTI-225**

------

**Brighthouse Funds Trust I**

**MFS**<sup>®</sup> **Research International 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; Brazil | &nbsp;&nbsp;&nbsp; $22686875 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $22686875 |
| &nbsp;&nbsp;&nbsp;&nbsp; Canada | &nbsp;&nbsp;&nbsp; 35970207 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 35970207 |
| &nbsp;&nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2768005 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2768005 |
| &nbsp;&nbsp;&nbsp;&nbsp; Denmark | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6045138 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6045138 |
| &nbsp;&nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 112920408 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 112920408 |
| &nbsp;&nbsp;&nbsp;&nbsp; Germany | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 62406124 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 62406124 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 33117072 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 33117072 |
| &nbsp;&nbsp;&nbsp;&nbsp; India | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15544671 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15544671 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ireland | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16076690 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16076690 |
| &nbsp;&nbsp;&nbsp;&nbsp; Italy | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 45744024 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 45744024 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japan | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 302516570 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 302516570 |
| &nbsp;&nbsp;&nbsp;&nbsp; Macau | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2546206 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2546206 |
| &nbsp;&nbsp;&nbsp;&nbsp; Netherlands | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 86799482 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 86799482 |
| &nbsp;&nbsp;&nbsp;&nbsp; Portugal | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23141168 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23141168 |
| &nbsp;&nbsp;&nbsp;&nbsp; South Korea | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 18295567 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 18295567 |
| &nbsp;&nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 24393988 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 24393988 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sweden | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12575813 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12575813 |
| &nbsp;&nbsp;&nbsp;&nbsp; Switzerland | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 33423749 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 33423749 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taiwan | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23985945 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23985945 |
| &nbsp;&nbsp;&nbsp;&nbsp; Thailand | &nbsp;&nbsp;&nbsp; 5989715 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5989715 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 177359696 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 177359696 |
| &nbsp;&nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp; 72407946 | &nbsp;&nbsp;&nbsp; 124493953 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 196901899 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 137054743 | &nbsp;&nbsp;&nbsp; 1181097980 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1318152723 |
| 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; 10423870 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10423870 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 26000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26000000 |
| &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; 34349137 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 34349137 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 26000000 | &nbsp;&nbsp;&nbsp; 40349137 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 66349137 |
| Total Investments | &nbsp;&nbsp;&nbsp; $163054743 | &nbsp;&nbsp;&nbsp; $1231870987 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1394925730 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(66349137)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(66349137)<br>|

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-226**

------

**Brighthouse Funds Trust I**

**Morgan Stanley Discovery Portfolio**

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

**Common Stocks—88.2% 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>|
| **Biotechnology — 10.1%** | **Biotechnology — 10.1%** | **Biotechnology — 10.1%** |
| Immunovant, Inc. (a) (b) | 233819 | &nbsp;&nbsp;&nbsp; $5808064 |
| ProKidney Corp. (a) (b) | 1082616 | &nbsp;&nbsp;&nbsp; 1937882 |
| Roivant Sciences Ltd. (b) | 3815124 | &nbsp;&nbsp;&nbsp; 105678935 |
|  |  | &nbsp;&nbsp;&nbsp; 113424881 |
| **Capital Markets — 2.4%** | **Capital Markets — 2.4%** | **Capital Markets — 2.4%** |
| Coinbase Global, Inc. - Class A (b) | 99267 | &nbsp;&nbsp;&nbsp; 17333011 |
| Twenty One Capital, Inc. - Class A (a) (b) | 1514746 | &nbsp;&nbsp;&nbsp; 9694374 |
|  |  | &nbsp;&nbsp;&nbsp; 27027385 |
| **Entertainment — 4.6%** | **Entertainment — 4.6%** | **Entertainment — 4.6%** |
| ROBLOX Corp. - Class A (b) | 919324 | &nbsp;&nbsp;&nbsp; 51996965 |
| **Financial Services — 6.9%** | **Financial Services — 6.9%** | **Financial Services — 6.9%** |
| Affirm Holdings, Inc. (a) (b) | 1102909 | &nbsp;&nbsp;&nbsp; 50535290 |
| Federal National Mortgage Association (a) (b) | 3644750 | &nbsp;&nbsp;&nbsp; 26460885 |
|  |  | &nbsp;&nbsp;&nbsp; 76996175 |
| **Health Care Providers & Services — 1.7%** | **Health Care Providers & Services — 1.7%** | **Health Care Providers & Services — 1.7%** |
| agilon health, Inc. (a) (b) | 328886 | &nbsp;&nbsp;&nbsp; 2601488 |
| HealthEquity, Inc. (b) | 195308 | &nbsp;&nbsp;&nbsp; 16321890 |
|  |  | &nbsp;&nbsp;&nbsp; 18923378 |
| **Hotels, Restaurants & Leisure — 0.2%** | **Hotels, Restaurants & Leisure — 0.2%** | **Hotels, Restaurants & Leisure — 0.2%** |
| DraftKings, Inc. - Class A (b) | 111035 | &nbsp;&nbsp;&nbsp; 2400577 |
| **IT Services — 15.5%** | **IT Services — 15.5%** | **IT Services — 15.5%** |
| Cloudflare, Inc. - Class A (b) | 761328 | &nbsp;&nbsp;&nbsp; 157092419 |
| MongoDB, Inc. (b) | 69371 | &nbsp;&nbsp;&nbsp; 16979940 |
|  |  | &nbsp;&nbsp;&nbsp; 174072359 |
| **Machinery — 1.7%** | **Machinery — 1.7%** | **Machinery — 1.7%** |
| Symbotic, Inc. (a) (b) | 356351 | &nbsp;&nbsp;&nbsp; 18957873 |
| **Media — 0.4%** | **Media — 0.4%** | **Media — 0.4%** |
| Trade Desk, Inc. - Class A (b) | 210129 | &nbsp;&nbsp;&nbsp; 4767827 |
| **Passenger Airlines — 0.9%** | **Passenger Airlines — 0.9%** | **Passenger Airlines — 0.9%** |
| Joby Aviation, Inc. (a) (b) | 1225200 | &nbsp;&nbsp;&nbsp; 10120152 |
| **Personal Care Products — 1.4%** | **Personal Care Products — 1.4%** | **Personal Care Products — 1.4%** |
| Oddity Tech Ltd. - Class A (a) (b) | 1138876 | &nbsp;&nbsp;&nbsp; 15238161 |
| **Pharmaceuticals — 8.4%** | **Pharmaceuticals — 8.4%** | **Pharmaceuticals — 8.4%** |
| Belite Bio, Inc. (ADR) (b) | 15913 | &nbsp;&nbsp;&nbsp; 2537169 |
| Royalty Pharma PLC - Class A | 1900841 | &nbsp;&nbsp;&nbsp; 91183343 |
|  |  | &nbsp;&nbsp;&nbsp; 93720512 |
| **Real Estate Management & Development — 4.9%** | **Real Estate Management & Development — 4.9%** | **Real Estate Management & Development — 4.9%** |
| Landbridge Co. LLC - Class A (a) | 230442 | &nbsp;&nbsp;&nbsp; 15912020 |
| Opendoor Technologies, Inc. (a) (b) | 8320594 | &nbsp;&nbsp;&nbsp; 38940380 |
|  |  | &nbsp;&nbsp;&nbsp; 54852400 |
| **Software — 13.9%** | **Software — 13.9%** | **Software — 13.9%** |
| Aurora Innovation, Inc. (a) (b) | 12522286 | &nbsp;&nbsp;&nbsp; 51591818 |
| BitMine Immersion Technologies, Inc. (a) | 734976 | &nbsp;&nbsp;&nbsp; 14537825 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Software—(Continued)** | **Software—(Continued)** | **Software—(Continued)** |
| Circle Internet Group, Inc. (b) | 293528 | &nbsp;&nbsp;&nbsp; $28005507 |
| Figma, Inc. - Class A (a) (b) | 927544 | &nbsp;&nbsp;&nbsp; 19608280 |
| Samsara, Inc. - Class A (a) (b) | 356391 | &nbsp;&nbsp;&nbsp; 11294031 |
| Strategy, Inc. - Class A (a) (b) | 217955 | &nbsp;&nbsp;&nbsp; 27200784 |
| Zoom Communications, Inc. (b) | 37673 | &nbsp;&nbsp;&nbsp; 3028533 |
|  |  | &nbsp;&nbsp;&nbsp; 155266778 |
| **Specialty Retail — 1.8%** | **Specialty Retail — 1.8%** | **Specialty Retail — 1.8%** |
| Chewy, Inc. - Class A (b) | 734250 | &nbsp;&nbsp;&nbsp; 19824750 |
| **Technology Hardware, Storage & Peripherals — 3.4%** | **Technology Hardware, Storage & Peripherals — 3.4%** | **Technology Hardware, Storage & Peripherals — 3.4%** |
| IonQ, Inc. (a) (b) | 1333036 | &nbsp;&nbsp;&nbsp; 38431428 |
| **Trading Companies & Distributors — 10.0%** | **Trading Companies & Distributors — 10.0%** | **Trading Companies & Distributors — 10.0%** |
| Core & Main, Inc. - Class A (b) | 559033 | &nbsp;&nbsp;&nbsp; 27616230 |
| QXO, Inc. (a) (b) | 4358695 | &nbsp;&nbsp;&nbsp; 84645857 |
|  |  | &nbsp;&nbsp;&nbsp; 112262087 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $1,014,546,068) <br>|  | &nbsp;&nbsp;&nbsp; 988283688 |
| **Convertible Preferred Stocks—4.8%** | **Convertible Preferred Stocks—4.8%** | **Convertible Preferred Stocks—4.8%** |
| **Software — 4.8%** | **Software — 4.8%** | **Software — 4.8%** |
| Databricks, Inc. - Series H † (b) (c) (d) | 229833 | &nbsp;&nbsp;&nbsp; 39308338 |
| Databricks, Inc. - Series I † (b) (c) (d) | 83793 | &nbsp;&nbsp;&nbsp; 14331117 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Convertible Preferred Stocks <br>(Cost $23,047,864) <br>|  | &nbsp;&nbsp;&nbsp; 53639455 |
| **Warrants—0.0%** | **Warrants—0.0%** | **Warrants—0.0%** |
| **Real Estate Management & Development — 0.0%** | **Real Estate Management & Development — 0.0%** | **Real Estate Management & Development — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Opendoor Technologies, Inc. - Series A, Expires 11/20/26 (a) <br>(b)<br>| 70945 | &nbsp;&nbsp;&nbsp; 17452 |
| &nbsp;&nbsp;&nbsp;&nbsp; Opendoor Technologies, Inc. - Series K, Expires 11/20/26 (a) <br>(b)<br>| 70945 | &nbsp;&nbsp;&nbsp; 43064 |
| &nbsp;&nbsp;&nbsp;&nbsp; Opendoor Technologies, Inc. - Series Z, Expires 11/20/26 (a) <br>(b)<br>| 70945 | &nbsp;&nbsp;&nbsp; 16700 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Warrants <br>(Cost $0) <br>|  | &nbsp;&nbsp;&nbsp; 77216 |
| **Escrow Shares—0.0%** | **Escrow Shares—0.0%** | **Escrow Shares—0.0%** |
| **Broadline Retail — 0.0%** | **Broadline Retail — 0.0%** | **Broadline Retail — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Flipkart Ltd. † (b) (c) (d) <br>(Cost $0)<br>| 60812 | &nbsp;&nbsp;&nbsp; 0 |

---

**BHFTI-227**

------

**Brighthouse Funds Trust I**

**Morgan Stanley Discovery Portfolio**

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

**Short-Term Investments—7.0%**

&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—7.0%** | **Repurchase Agreement—7.0%** | **Repurchase Agreement—7.0%** |
| 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 $78,308,966; <br> collateralized by U.S. Treasury Note at 3.750%, maturing <br> 08/15/27, with a market value of $79,869,674<br>| 78303529 | &nbsp;&nbsp;&nbsp; $78303529 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $78,303,529) <br>|  | &nbsp;&nbsp;&nbsp; 78303529 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (e)—15.0%** | **Securities Lending Reinvestments (e)—15.0%** | **Securities Lending Reinvestments (e)—15.0%** |
| **Short-Term Investment Funds—1.2%** | **Short-Term Investment Funds—1.2%** | **Short-Term Investment Funds—1.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (f)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br>Institutional Shares 3.530% (f)<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco STIT-Government & Agency Portfolio, <br>Institutional Class 3.580% (f)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
|  |  | &nbsp;&nbsp;&nbsp; 13000000 |

---

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

---

| | | |
|:---|:---|:---|
| **Certificates of Deposit—1.2%** | **Certificates of Deposit—1.2%** | **Certificates of Deposit—1.2%** |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, SOFR + 0.370%, 08/07/26 (g) | 2000000 | &nbsp;&nbsp;&nbsp; 2000776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 11/19/26 (g) | 1000000 | &nbsp;&nbsp;&nbsp; 1000380 |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.760%, 05/12/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1999938 |
| Commonwealth Bank of Australia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 04/13/26 (g) | 1000000 | &nbsp;&nbsp;&nbsp; 1000040 |
| Mizuho Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, SOFR + 0.220%, 04/10/26 (g) | 2000000 | &nbsp;&nbsp;&nbsp; 1999962 |
| Sumitomo Mitsui Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.980%, SOFR + 0.350%, 09/25/26 (g) | 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 | 1000000 | &nbsp;&nbsp;&nbsp; 990990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.820%, 04/27/26 | 1000000 | &nbsp;&nbsp;&nbsp; 1000007 |
|  |  | &nbsp;&nbsp;&nbsp; 12975989 |
| **Commercial Paper—1.5%** | **Commercial Paper—1.5%** | **Commercial Paper—1.5%** |
| Britannia Funding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.740%, 04/10/26 | 1000000 | &nbsp;&nbsp;&nbsp; 998932 |
| Concord Minutemen Capital Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 06/18/26 (g) | 2000000 | &nbsp;&nbsp;&nbsp; 1999996 |
| ING U.S. Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.960%, SOFR + 0.330%, 09/18/26 (g) | 3000000 | &nbsp;&nbsp;&nbsp; 2999850 |
| Ionic Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.720%, 04/01/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1999784 |
| 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 | 3000000 | &nbsp;&nbsp;&nbsp; 2992254 |
| Westpac Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.030%, SOFR + 0.400%, 04/10/26 (g) | 2000000 | &nbsp;&nbsp;&nbsp; 2000118 |
|  |  | &nbsp;&nbsp;&nbsp; 16982116 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Repurchase Agreements—10.8%** | **Repurchase Agreements—10.8%** | **Repurchase Agreements—10.8%** |
| 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 $5,000,524; collateralized <br> by various Common Stock with an aggregate market value of <br> $5,572,999<br>| 5000000 | &nbsp;&nbsp;&nbsp; $5000000 |
| 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 $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 $20,102,105; <br> collateralized by various Common Stock with an aggregate <br> market value of $22,356,849<br>| 20100000 | &nbsp;&nbsp;&nbsp; 20100000 |
| 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 $10,001,019; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 0.000% - 4.875%, maturity dates ranging from <br> 04/09/26 - 02/15/56, and an aggregate market value of <br> $10,200,000<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| 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 $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 |
| 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 $3,326,649; collateralized <br> by 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 $3,392,838<br>| 3326311 | &nbsp;&nbsp;&nbsp; 3326311 |
| 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 $3,000,315; 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> $3,332,947<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| 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 $30,003,150; <br> collateralized by various Common Stock with an aggregate <br> market value of $33,438,861<br>| 30000000 | &nbsp;&nbsp;&nbsp; 30000000 |

---

**BHFTI-228**

------

**Brighthouse Funds Trust I**

**Morgan Stanley Discovery 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)** |
| 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 $3,000,315; 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 $3,070,917<br>| 3000000 | &nbsp;&nbsp;&nbsp; $3000000 |
| 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 $19,014,150; <br> collateralized by various Common Stock with an aggregate <br> market value of $21,178,826<br>| 19000000 | &nbsp;&nbsp;&nbsp; 19000000 |
| 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; 121426311 |
| **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 |
| DZ Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 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; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $167,384,306) <br>|  | &nbsp;&nbsp;&nbsp; 167384416 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Purchased Options—0.1% (h) <br>(Cost $6,315,125) <br>|  | &nbsp;&nbsp;&nbsp; 1065981 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—115.1% <br>(Cost $1,289,596,892) <br>|  | &nbsp;&nbsp;&nbsp; 1288754285 |
| Other assets and liabilities (net)—(15.1)%  |  | &nbsp;&nbsp;&nbsp; (168668750)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1120085535 |

---

&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 $53,639,455, <br> which is 4.8% 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 $303,417,068 and the collateral received consisted of cash in the amount <br> of $167,354,736 and non-cash collateral with a value of $131,083,616. 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) | 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 4.8% of net assets.<br>|
| (d) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. |
| (e) | Represents investment of cash collateral received from securities on loan as of March 31, 2026. |
| (f) | The rate shown represents the annualized seven-day yield as of March 31, 2026. |
| (g) | 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>|
| (h) | For a breakout of open positions, see details shown in the Purchased Options table that follows. |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Restricted Securities** | **Acquisition** <br>**Date**<br>| **Shares** | **Cost** | **Value** |
| Databricks, Inc. - Series H | 08/31/21 | &nbsp;&nbsp; 229833 | &nbsp;&nbsp; $16889079 | &nbsp;&nbsp; $39308338 |
| Databricks, Inc. - Series I | 09/14/23 | &nbsp;&nbsp; 83793 | &nbsp;&nbsp; 6158785 | &nbsp;&nbsp; 14331117 |
| Flipkart Ltd. | 08/20/18 | &nbsp;&nbsp; 60812 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 |
|  |  |  |  | &nbsp;&nbsp; $53639455 |

---

**BHFTI-229**

------

**Brighthouse Funds Trust I**

**Morgan Stanley Discovery Portfolio**

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

**Investments in Derivative Instruments**

**Purchased Options** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Foreign Currency Options** | **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>|
| USD Call/CNH Put<br> CNH | 7.203 | 02/12/27 | BBP | 459288705 | USD | 459288705 | $1206736 | $733943 | $(472793)<br>|
| USD Call/CNH Put<br> CNH | 7.317 | 12/17/26 | SCB | 462639110 | USD | 462639110 | 1309269 | 327548 | (981721)<br>|
| USD Call/CNH Put<br> CNH | 7.580 | 08/11/26 | SCB | 439620734 | USD | 439620734 | 1438407 | 3957 | (1434450)<br>|
| USD Call/CNH Put<br> CNH | 7.710 | 05/13/26 | GSI | 323673593 | USD | 323673593 | 1347326 | 324 | (1347002)<br>|
| USD Call/CNH Put<br> CNH | 7.900 | 04/01/26 | SCB | 208557842 | USD | 208557842 | 1013387 | 209 | (1013178)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | $6315125 | $1065981 | $(5249144)<br>|

---

A security in the amount of $872,338 has been received at the custodian bank as collateral for purchased options contracts.

**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; $988283688 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $988283688 |
| Total Convertible Preferred Stocks\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 53639455 | &nbsp;&nbsp;&nbsp; 53639455 |
| Total Warrants\* | &nbsp;&nbsp;&nbsp; 77216 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 77216 |
| 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; 78303529 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 78303529 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 13000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificates of Deposit | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12975989 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12975989 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16982116 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16982116 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 121426311 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 121426311 |
| &nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3000000 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 13000000 | &nbsp;&nbsp;&nbsp; 154384416 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 167384416 |
| Total Purchased Options at Value\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1065981 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1065981 |
| Total Investments | &nbsp;&nbsp;&nbsp; $1001360904 | &nbsp;&nbsp;&nbsp; $233753926 | &nbsp;&nbsp;&nbsp; $53639455 | &nbsp;&nbsp;&nbsp; $1288754285 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(167354736)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(167354736)<br>|

---

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

\* See Schedule of Investments for additional detailed categorizations.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities** | **Balance as of** <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; $59588940<br>| &nbsp;&nbsp; $(5949485) <br>| &nbsp;&nbsp; $53639455<br>| &nbsp;&nbsp; $(5949485) <br>|
| Escrow Shares |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadline Retail | &nbsp;&nbsp; 0 | &nbsp;&nbsp; — | &nbsp;&nbsp; 0 | &nbsp;&nbsp; — |
|  | &nbsp;&nbsp; $59588940<br>| &nbsp;&nbsp; $(5949485) <br>| &nbsp;&nbsp; $53639455<br>| &nbsp;&nbsp; $(5949485) <br>|

---

**BHFTI-230**

------

**Brighthouse Funds Trust I**

**Morgan Stanley Discovery 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** | **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; $53639455<br>| Comparable Company Analysis | Enterprise Value/Revenue | &nbsp;&nbsp; 21.25x | &nbsp;&nbsp; 21.25x<br>| &nbsp;&nbsp; Increase |
| Escrow Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Broadline Retail | &nbsp;&nbsp; 0 | Liquidation Value | Estimated Distribution Per Share | &nbsp;&nbsp; $0.00<br>| &nbsp;&nbsp; $0.00<br>| &nbsp;&nbsp; Increase |
|  | &nbsp;&nbsp; $53639455 |  |  |  |  |  |

---

**BHFTI-231**

------

**Brighthouse Funds Trust I**

**PanAgora Global Diversified Risk Portfolio**

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

**U.S. Treasury & Government Agencies—12.3% of Net Assets**

&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 — 12.3%** | **U.S. Treasury — 12.3%** | **U.S. Treasury — 12.3%** |
| U.S. Treasury Inflation-Indexed Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.250%, 02/15/50 (a) | 1264950 | &nbsp;&nbsp;&nbsp; $715573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.000%, 02/15/49 (a) | 2584800 | &nbsp;&nbsp;&nbsp; 1828939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 02/15/53 (a) | 7111390 | &nbsp;&nbsp;&nbsp; 5449101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.125%, 02/15/40 (a) | 4062555 | &nbsp;&nbsp;&nbsp; 3975566 |
| U.S. Treasury Inflation-Indexed Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.125%, 04/15/26 (a) | 3224234 | &nbsp;&nbsp;&nbsp; 3226289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.125%, 01/15/30 (a) | 7584180 | &nbsp;&nbsp;&nbsp; 7258030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.125%, 07/15/30 (a) | 15221160 | &nbsp;&nbsp;&nbsp; 14487542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.125%, 01/15/31 (a) | 12493000 | &nbsp;&nbsp;&nbsp; 11744605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.125%, 07/15/31 (a) | 9707120 | &nbsp;&nbsp;&nbsp; 9068775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.375%, 07/15/27 (a) | 3017897 | &nbsp;&nbsp;&nbsp; 3016567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.500%, 01/15/28 (a) | 7501924 | &nbsp;&nbsp;&nbsp; 7442570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.875%, 01/15/29 (a) | 5460950 | &nbsp;&nbsp;&nbsp; 5420491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 01/15/33 (a) | 18560090 | &nbsp;&nbsp;&nbsp; 17874930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, 04/15/28 (a) | 3252690 | &nbsp;&nbsp;&nbsp; 3264890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 07/15/33 (a) | 8566480 | &nbsp;&nbsp;&nbsp; 8373342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 10/15/29 (a) | 9301950 | &nbsp;&nbsp;&nbsp; 9448005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 01/15/34 (a) | 17985660 | &nbsp;&nbsp;&nbsp; 17908786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 07/15/34 (a) | 9327870 | &nbsp;&nbsp;&nbsp; 9373264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.125%, 04/15/29 (a) | 13668460 | &nbsp;&nbsp;&nbsp; 14031191 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury & Government Agencies <br>(Cost $154,935,643) <br>|  | &nbsp;&nbsp;&nbsp; 153908456 |

---

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

---

| | | |
|:---|:---|:---|
| **Common Stocks—10.1%** | **Common Stocks—10.1%** | **Common Stocks—10.1%** |
| **Aerospace & Defense — 0.1%** | **Aerospace & Defense — 0.1%** | **Aerospace & Defense — 0.1%** |
| Elbit Systems Ltd.  | 123 | &nbsp;&nbsp;&nbsp; 103037 |
| General Dynamics Corp.  | 1371 | &nbsp;&nbsp;&nbsp; 470555 |
| Singapore Technologies Engineering Ltd.  | 51800 | &nbsp;&nbsp;&nbsp; 441474 |
|  |  | &nbsp;&nbsp;&nbsp; 1015066 |
| **Air Freight & Logistics — 0.0%** | **Air Freight & Logistics — 0.0%** | **Air Freight & Logistics — 0.0%** |
| Expeditors International of Washington, Inc.  | 1260 | &nbsp;&nbsp;&nbsp; 180470 |
| **Automobile Components — 0.0%** | **Automobile Components — 0.0%** | **Automobile Components — 0.0%** |
| Bridgestone Corp.  | 13400 | &nbsp;&nbsp;&nbsp; 278129 |
| Sumitomo Electric Industries Ltd.  | 1100 | &nbsp;&nbsp;&nbsp; 61595 |
|  |  | &nbsp;&nbsp;&nbsp; 339724 |
| **Automobiles — 0.0%** | **Automobiles — 0.0%** | **Automobiles — 0.0%** |
| Honda Motor Co. Ltd.  | 12900 | &nbsp;&nbsp;&nbsp; 104420 |
| Subaru Corp.  | 7600 | &nbsp;&nbsp;&nbsp; 121412 |
| Toyota Motor Corp.  | 5000 | &nbsp;&nbsp;&nbsp; 103647 |
|  |  | &nbsp;&nbsp;&nbsp; 329479 |
| **Banks — 1.0%** | **Banks — 1.0%** | **Banks — 1.0%** |
| Banco Bilbao Vizcaya Argentaria SA | 61426 | &nbsp;&nbsp;&nbsp; 1340704 |
| Bank Leumi Le-Israel BM | 61423 | &nbsp;&nbsp;&nbsp; 1368827 |
| Bank of Montreal | 350 | &nbsp;&nbsp;&nbsp; 47406 |
| Bank of Nova Scotia | 467 | &nbsp;&nbsp;&nbsp; 32386 |
| BOC Hong Kong Holdings Ltd.  | 69500 | &nbsp;&nbsp;&nbsp; 382952 |
| Commerzbank AG | 37982 | &nbsp;&nbsp;&nbsp; 1363609 |
| DBS Group Holdings Ltd.  | 2200 | &nbsp;&nbsp;&nbsp; 97753 |
| Erste Group Bank AG | 13954 | &nbsp;&nbsp;&nbsp; 1507810 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| Intesa Sanpaolo SpA | 148058 | &nbsp;&nbsp;&nbsp; $900003 |
| JPMorgan Chase & Co.  | 441 | &nbsp;&nbsp;&nbsp; 129725 |
| KBC Group NV | 1049 | &nbsp;&nbsp;&nbsp; 128234 |
| Mizrahi Tefahot Bank Ltd.  | 20368 | &nbsp;&nbsp;&nbsp; 1476978 |
| NatWest Group PLC | 194352 | &nbsp;&nbsp;&nbsp; 1442102 |
| Oversea-Chinese Banking Corp. Ltd.  | 22000 | &nbsp;&nbsp;&nbsp; 378906 |
| Standard Chartered PLC | 5911 | &nbsp;&nbsp;&nbsp; 122759 |
| UniCredit SpA | 18823 | &nbsp;&nbsp;&nbsp; 1356337 |
|  |  | &nbsp;&nbsp;&nbsp; 12076491 |
| **Beverages — 0.1%** | **Beverages — 0.1%** | **Beverages — 0.1%** |
| Coca-Cola Co.  | 4411 | &nbsp;&nbsp;&nbsp; 335457 |
| Coca-Cola Europacific Partners PLC | 1408 | &nbsp;&nbsp;&nbsp; 127663 |
| Keurig Dr. Pepper, Inc.  | 14031 | &nbsp;&nbsp;&nbsp; 369436 |
| PepsiCo, Inc.  | 2090 | &nbsp;&nbsp;&nbsp; 324556 |
|  |  | &nbsp;&nbsp;&nbsp; 1157112 |
| **Biotechnology — 0.1%** | **Biotechnology — 0.1%** | **Biotechnology — 0.1%** |
| AbbVie, Inc.  | 886 | &nbsp;&nbsp;&nbsp; 192696 |
| Amgen, Inc.  | 712 | &nbsp;&nbsp;&nbsp; 250517 |
| CSL Ltd.  | 1397 | &nbsp;&nbsp;&nbsp; 137239 |
| Gilead Sciences, Inc.  | 2083 | &nbsp;&nbsp;&nbsp; 290308 |
| Moderna, Inc. (b) | 10602 | &nbsp;&nbsp;&nbsp; 538582 |
|  |  | &nbsp;&nbsp;&nbsp; 1409342 |
| **Broadline Retail — 0.2%** | **Broadline Retail — 0.2%** | **Broadline Retail — 0.2%** |
| Dollarama, Inc.  | 3522 | &nbsp;&nbsp;&nbsp; 432256 |
| eBay, Inc.  | 4555 | &nbsp;&nbsp;&nbsp; 414596 |
| Next PLC | 8789 | &nbsp;&nbsp;&nbsp; 1482161 |
|  |  | &nbsp;&nbsp;&nbsp; 2329013 |
| **Building Products — 0.1%** | **Building Products — 0.1%** | **Building Products — 0.1%** |
| Geberit AG | 1972 | &nbsp;&nbsp;&nbsp; 1334418 |
| Johnson Controls International PLC | 1566 | &nbsp;&nbsp;&nbsp; 205067 |
|  |  | &nbsp;&nbsp;&nbsp; 1539485 |
| **Capital Markets — 0.1%** | **Capital Markets — 0.1%** | **Capital Markets — 0.1%** |
| Bank of New York Mellon Corp.  | 1089 | &nbsp;&nbsp;&nbsp; 129188 |
| Cboe Global Markets, Inc.  | 465 | &nbsp;&nbsp;&nbsp; 130698 |
| CME Group, Inc.  | 447 | &nbsp;&nbsp;&nbsp; 132022 |
| Intercontinental Exchange, Inc.  | 812 | &nbsp;&nbsp;&nbsp; 127711 |
| Nasdaq, Inc.  | 2016 | &nbsp;&nbsp;&nbsp; 171138 |
| Northern Trust Corp.  | 1639 | &nbsp;&nbsp;&nbsp; 228755 |
| S&P Global, Inc.  | 527 | &nbsp;&nbsp;&nbsp; 224154 |
| Singapore Exchange Ltd.  | 16800 | &nbsp;&nbsp;&nbsp; 257777 |
| TMX Group Ltd.  | 1981 | &nbsp;&nbsp;&nbsp; 70249 |
|  |  | &nbsp;&nbsp;&nbsp; 1471692 |
| **Chemicals — 0.3%** | **Chemicals — 0.3%** | **Chemicals — 0.3%** |
| Air Liquide SA | 498 | &nbsp;&nbsp;&nbsp; 102588 |
| Air Products & Chemicals, Inc.  | 3773 | &nbsp;&nbsp;&nbsp; 1096019 |
| Corteva, Inc.  | 7936 | &nbsp;&nbsp;&nbsp; 664323 |
| Ecolab, Inc.  | 1886 | &nbsp;&nbsp;&nbsp; 501714 |
| Yara International ASA | 15143 | &nbsp;&nbsp;&nbsp; 881475 |
|  |  | &nbsp;&nbsp;&nbsp; 3246119 |

---

**BHFTI-232**

------

**Brighthouse Funds Trust I**

**PanAgora Global Diversified Risk Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Commercial Services & Supplies — 0.1%** | **Commercial Services & Supplies — 0.1%** | **Commercial Services & Supplies — 0.1%** |
| Brambles Ltd.  | 61059 | &nbsp;&nbsp;&nbsp; $954104 |
| Republic Services, Inc.  | 1874 | &nbsp;&nbsp;&nbsp; 410443 |
| Secom Co. Ltd.  | 3000 | &nbsp;&nbsp;&nbsp; 115192 |
| Veralto Corp.  | 2278 | &nbsp;&nbsp;&nbsp; 201421 |
| Waste Management, Inc.  | 409 | &nbsp;&nbsp;&nbsp; 93984 |
|  |  | &nbsp;&nbsp;&nbsp; 1775144 |
| **Communications Equipment — 0.2%** | **Communications Equipment — 0.2%** | **Communications Equipment — 0.2%** |
| Cisco Systems, Inc.  | 6886 | &nbsp;&nbsp;&nbsp; 534284 |
| Motorola Solutions, Inc.  | 271 | &nbsp;&nbsp;&nbsp; 117606 |
| Telefonaktiebolaget LM Ericsson - B Shares | 179259 | &nbsp;&nbsp;&nbsp; 2030491 |
|  |  | &nbsp;&nbsp;&nbsp; 2682381 |
| **Construction & Engineering — 0.0%** | **Construction & Engineering — 0.0%** | **Construction & Engineering — 0.0%** |
| Kajima Corp.  | 2200 | &nbsp;&nbsp;&nbsp; 83574 |
| **Construction Materials — 0.2%** | **Construction Materials — 0.2%** | **Construction Materials — 0.2%** |
| Heidelberg Materials AG | 6486 | &nbsp;&nbsp;&nbsp; 1335848 |
| Holcim AG | 15480 | &nbsp;&nbsp;&nbsp; 1284578 |
|  |  | &nbsp;&nbsp;&nbsp; 2620426 |
| **Consumer Staples Distribution & Retail — 0.2%** | **Consumer Staples Distribution & Retail — 0.2%** | **Consumer Staples Distribution & Retail — 0.2%** |
| Empire Co. Ltd. - Class A | 4801 | &nbsp;&nbsp;&nbsp; 171975 |
| George Weston Ltd.  | 1617 | &nbsp;&nbsp;&nbsp; 114240 |
| Koninklijke Ahold Delhaize NV | 10761 | &nbsp;&nbsp;&nbsp; 502364 |
| Metro, Inc.  | 7083 | &nbsp;&nbsp;&nbsp; 484624 |
| Tesco PLC | 235099 | &nbsp;&nbsp;&nbsp; 1482378 |
|  |  | &nbsp;&nbsp;&nbsp; 2755581 |
| **Containers & Packaging — 0.3%** | **Containers & Packaging — 0.3%** | **Containers & Packaging — 0.3%** |
| Amcor PLC | 22205 | &nbsp;&nbsp;&nbsp; 882649 |
| Avery Dennison Corp.  | 3677 | &nbsp;&nbsp;&nbsp; 634944 |
| CCL Industries, Inc. - Class B | 12985 | &nbsp;&nbsp;&nbsp; 813581 |
| International Paper Co.  | 12768 | &nbsp;&nbsp;&nbsp; 455817 |
| Packaging Corp. of America | 5085 | &nbsp;&nbsp;&nbsp; 1079139 |
|  |  | &nbsp;&nbsp;&nbsp; 3866130 |
| **Diversified Consumer Services — 0.1%** | **Diversified Consumer Services — 0.1%** | **Diversified Consumer Services — 0.1%** |
| Pearson PLC | 61042 | &nbsp;&nbsp;&nbsp; 800998 |
| **Diversified Telecommunication Services — 0.4%** | **Diversified Telecommunication Services — 0.4%** | **Diversified Telecommunication Services — 0.4%** |
| AT&T, Inc.  | 28142 | &nbsp;&nbsp;&nbsp; 815837 |
| Comcast Corp. - Class A | 20457 | &nbsp;&nbsp;&nbsp; 587320 |
| Deutsche Telekom AG | 7039 | &nbsp;&nbsp;&nbsp; 259556 |
| Elisa OYJ | 3867 | &nbsp;&nbsp;&nbsp; 187496 |
| Koninklijke KPN NV | 64870 | &nbsp;&nbsp;&nbsp; 360802 |
| Orange SA | 25479 | &nbsp;&nbsp;&nbsp; 520594 |
| Singapore Telecommunications Ltd.  | 21200 | &nbsp;&nbsp;&nbsp; 82068 |
| Swisscom AG | 865 | &nbsp;&nbsp;&nbsp; 722066 |
| Telia Co. AB | 21345 | &nbsp;&nbsp;&nbsp; 109149 |
| Verizon Communications, Inc.  | 20009 | &nbsp;&nbsp;&nbsp; 1004452 |
|  |  | &nbsp;&nbsp;&nbsp; 4649340 |
| **Electric Utilities — 0.3%** | **Electric Utilities — 0.3%** | **Electric Utilities — 0.3%** |
| Alliant Energy Corp.  | 16314 | &nbsp;&nbsp;&nbsp; 1170692 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Electric Utilities—(Continued)** | **Electric Utilities—(Continued)** | **Electric Utilities—(Continued)** |
| American Electric Power Co., Inc.  | 253 | &nbsp;&nbsp;&nbsp; $33163 |
| Constellation Energy Corp.  | 1783 | &nbsp;&nbsp;&nbsp; 497903 |
| Duke Energy Corp.  | 7667 | &nbsp;&nbsp;&nbsp; 1003917 |
| Fortis, Inc.  | 6952 | &nbsp;&nbsp;&nbsp; 387855 |
| Hydro One Ltd.  | 8144 | &nbsp;&nbsp;&nbsp; 336333 |
| Power Assets Holdings Ltd.  | 8500 | &nbsp;&nbsp;&nbsp; 66226 |
| Southern Co.  | 7527 | &nbsp;&nbsp;&nbsp; 726506 |
|  |  | &nbsp;&nbsp;&nbsp; 4222595 |
| **Electrical Equipment — 0.1%** | **Electrical Equipment — 0.1%** | **Electrical Equipment — 0.1%** |
| AMETEK, Inc.  | 2383 | &nbsp;&nbsp;&nbsp; 510820 |
| Emerson Electric Co.  | 1251 | &nbsp;&nbsp;&nbsp; 163906 |
| GE Vernova, Inc.  | 392 | &nbsp;&nbsp;&nbsp; 342177 |
| Generac Holdings, Inc. (b) | 1443 | &nbsp;&nbsp;&nbsp; 281861 |
| Legrand SA | 386 | &nbsp;&nbsp;&nbsp; 59646 |
|  |  | &nbsp;&nbsp;&nbsp; 1358410 |
| **Electronic Equipment, Instruments & Components — 0.2%** | **Electronic Equipment, Instruments & Components — 0.2%** | **Electronic Equipment, Instruments & Components — 0.2%** |
| Amphenol Corp. - Class A | 768 | &nbsp;&nbsp;&nbsp; 97037 |
| Corning, Inc.  | 1746 | &nbsp;&nbsp;&nbsp; 237404 |
| Keysight Technologies, Inc. (b) | 1022 | &nbsp;&nbsp;&nbsp; 288582 |
| Kyocera Corp.  | 45600 | &nbsp;&nbsp;&nbsp; 704953 |
| TE Connectivity PLC | 568 | &nbsp;&nbsp;&nbsp; 118723 |
| Teledyne Technologies, Inc. (b) | 863 | &nbsp;&nbsp;&nbsp; 522124 |
| Yokogawa Electric Corp.  | 1400 | &nbsp;&nbsp;&nbsp; 43366 |
|  |  | &nbsp;&nbsp;&nbsp; 2012189 |
| **Entertainment — 0.1%** | **Entertainment — 0.1%** | **Entertainment — 0.1%** |
| Electronic Arts, Inc.  | 1873 | &nbsp;&nbsp;&nbsp; 381848 |
| Warner Bros Discovery, Inc. (b) | 15893 | &nbsp;&nbsp;&nbsp; 436422 |
|  |  | &nbsp;&nbsp;&nbsp; 818270 |
| **Financial Services — 0.1%** | **Financial Services — 0.1%** | **Financial Services — 0.1%** |
| Berkshire Hathaway, Inc. - Class B (b) | 427 | &nbsp;&nbsp;&nbsp; 204618 |
| Block, Inc. (b) | 3086 | &nbsp;&nbsp;&nbsp; 185716 |
| Fiserv, Inc. (b) | 3065 | &nbsp;&nbsp;&nbsp; 171027 |
| Jack Henry & Associates, Inc.  | 1127 | &nbsp;&nbsp;&nbsp; 178111 |
|  |  | &nbsp;&nbsp;&nbsp; 739472 |
| **Food Products — 0.4%** | **Food Products — 0.4%** | **Food Products — 0.4%** |
| Campbell's Co.  | 5847 | &nbsp;&nbsp;&nbsp; 130213 |
| Conagra Brands, Inc.  | 26831 | &nbsp;&nbsp;&nbsp; 421783 |
| Danone SA | 2019 | &nbsp;&nbsp;&nbsp; 162150 |
| General Mills, Inc.  | 10506 | &nbsp;&nbsp;&nbsp; 391033 |
| Hershey Co.  | 2283 | &nbsp;&nbsp;&nbsp; 474613 |
| Hormel Foods Corp.  | 23716 | &nbsp;&nbsp;&nbsp; 537167 |
| J.M. Smucker Co.  | 3153 | &nbsp;&nbsp;&nbsp; 304075 |
| Kraft Heinz Co.  | 4053 | &nbsp;&nbsp;&nbsp; 91152 |
| McCormick & Co., Inc.  | 9561 | &nbsp;&nbsp;&nbsp; 482257 |
| Mondelez International, Inc. - Class A | 8276 | &nbsp;&nbsp;&nbsp; 477029 |
| Saputo, Inc.  | 3743 | &nbsp;&nbsp;&nbsp; 116937 |
| Tyson Foods, Inc. - Class A | 8378 | &nbsp;&nbsp;&nbsp; 536779 |
| WH Group Ltd.  | 68500 | &nbsp;&nbsp;&nbsp; 90261 |
| Wilmar International Ltd.  | 96100 | &nbsp;&nbsp;&nbsp; 289525 |
|  |  | &nbsp;&nbsp;&nbsp; 4504974 |

---

**BHFTI-233**

------

**Brighthouse Funds Trust I**

**PanAgora Global Diversified Risk Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Gas Utilities — 0.1%** | **Gas Utilities — 0.1%** | **Gas Utilities — 0.1%** |
| AltaGas Ltd.  | 2502 | &nbsp;&nbsp;&nbsp; $86781 |
| Osaka Gas Co. Ltd.  | 15100 | &nbsp;&nbsp;&nbsp; 612334 |
| Tokyo Gas Co. Ltd.  | 14300 | &nbsp;&nbsp;&nbsp; 675202 |
|  |  | &nbsp;&nbsp;&nbsp; 1374317 |
| **Ground Transportation — 0.1%** | **Ground Transportation — 0.1%** | **Ground Transportation — 0.1%** |
| CSX Corp.  | 4614 | &nbsp;&nbsp;&nbsp; 189404 |
| East Japan Railway Co.  | 4300 | &nbsp;&nbsp;&nbsp; 98135 |
| Hankyu Hanshin Holdings, Inc.  | 3900 | &nbsp;&nbsp;&nbsp; 112742 |
| MTR Corp. Ltd.  | 113500 | &nbsp;&nbsp;&nbsp; 465765 |
| Norfolk Southern Corp.  | 625 | &nbsp;&nbsp;&nbsp; 179375 |
| Union Pacific Corp.  | 653 | &nbsp;&nbsp;&nbsp; 158431 |
|  |  | &nbsp;&nbsp;&nbsp; 1203852 |
| **Health Care Equipment & Supplies — 0.2%** | **Health Care Equipment & Supplies — 0.2%** | **Health Care Equipment & Supplies — 0.2%** |
| Abbott Laboratories | 3531 | &nbsp;&nbsp;&nbsp; 362528 |
| Becton Dickinson & Co.  | 1199 | &nbsp;&nbsp;&nbsp; 188519 |
| Boston Scientific Corp. (b) | 3107 | &nbsp;&nbsp;&nbsp; 194964 |
| Cooper Cos., Inc. (b) | 5251 | &nbsp;&nbsp;&nbsp; 375447 |
| Medtronic PLC | 3693 | &nbsp;&nbsp;&nbsp; 319998 |
| Sonova Holding AG | 4030 | &nbsp;&nbsp;&nbsp; 913493 |
| STERIS PLC | 1170 | &nbsp;&nbsp;&nbsp; 258722 |
| Stryker Corp.  | 871 | &nbsp;&nbsp;&nbsp; 286202 |
|  |  | &nbsp;&nbsp;&nbsp; 2899873 |
| **Health Care Providers & Services — 0.1%** | **Health Care Providers & Services — 0.1%** | **Health Care Providers & Services — 0.1%** |
| Elevance Health, Inc.  | 712 | &nbsp;&nbsp;&nbsp; 208438 |
| Henry Schein, Inc. (b) | 5394 | &nbsp;&nbsp;&nbsp; 397538 |
| NMC Health PLC (b) (c) (d) | 1427 | &nbsp;&nbsp;&nbsp; 0 |
| Quest Diagnostics, Inc.  | 1099 | &nbsp;&nbsp;&nbsp; 215382 |
| UnitedHealth Group, Inc.  | 530 | &nbsp;&nbsp;&nbsp; 143413 |
|  |  | &nbsp;&nbsp;&nbsp; 964771 |
| **Hotels, Restaurants & Leisure — 0.1%** | **Hotels, Restaurants & Leisure — 0.1%** | **Hotels, Restaurants & Leisure — 0.1%** |
| Booking Holdings, Inc.  | 44 | &nbsp;&nbsp;&nbsp; 185254 |
| Compass Group PLC | 2992 | &nbsp;&nbsp;&nbsp; 83129 |
| McDonald's Corp.  | 2348 | &nbsp;&nbsp;&nbsp; 729735 |
| Restaurant Brands International, Inc.  | 3482 | &nbsp;&nbsp;&nbsp; 257665 |
| Yum! Brands, Inc.  | 3436 | &nbsp;&nbsp;&nbsp; 534229 |
|  |  | &nbsp;&nbsp;&nbsp; 1790012 |
| **Household Durables — 0.0%** | **Household Durables — 0.0%** | **Household Durables — 0.0%** |
| Garmin Ltd.  | 1678 | &nbsp;&nbsp;&nbsp; 389313 |
| **Household Products — 0.1%** | **Household Products — 0.1%** | **Household Products — 0.1%** |
| Church & Dwight Co., Inc.  | 5879 | &nbsp;&nbsp;&nbsp; 548629 |
| Colgate-Palmolive Co.  | 3044 | &nbsp;&nbsp;&nbsp; 259440 |
| Kimberly-Clark Corp.  | 2962 | &nbsp;&nbsp;&nbsp; 285744 |
| Procter & Gamble Co.  | 2312 | &nbsp;&nbsp;&nbsp; 333945 |
| Reckitt Benckiser Group PLC | 1181 | &nbsp;&nbsp;&nbsp; 80146 |
|  |  | &nbsp;&nbsp;&nbsp; 1507904 |
| **Industrial Conglomerates — 0.1%** | **Industrial Conglomerates — 0.1%** | **Industrial Conglomerates — 0.1%** |
| CK Hutchison Holdings Ltd.  | 7000 | &nbsp;&nbsp;&nbsp; 53798 |
| Honeywell International, Inc.  | 639 | &nbsp;&nbsp;&nbsp; 144433 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Industrial Conglomerates—(Continued)** | **Industrial Conglomerates—(Continued)** | **Industrial Conglomerates—(Continued)** |
| Jardine Matheson Holdings Ltd.  | 7100 | &nbsp;&nbsp;&nbsp; $509683 |
| Keppel Ltd.  | 50100 | &nbsp;&nbsp;&nbsp; 464961 |
| Sekisui Chemical Co. Ltd.  | 9600 | &nbsp;&nbsp;&nbsp; 160052 |
|  |  | &nbsp;&nbsp;&nbsp; 1332927 |
| **Insurance — 0.6%** | **Insurance — 0.6%** | **Insurance — 0.6%** |
| Aflac, Inc.  | 1359 | &nbsp;&nbsp;&nbsp; 149096 |
| Allianz SE | 3322 | &nbsp;&nbsp;&nbsp; 1376597 |
| Allstate Corp.  | 1883 | &nbsp;&nbsp;&nbsp; 390421 |
| Aon PLC - Class A | 568 | &nbsp;&nbsp;&nbsp; 183339 |
| Arthur J Gallagher & Co.  | 1321 | &nbsp;&nbsp;&nbsp; 286102 |
| Assurant, Inc.  | 1668 | &nbsp;&nbsp;&nbsp; 363307 |
| Aviva PLC | 15179 | &nbsp;&nbsp;&nbsp; 120909 |
| AXA SA | 3003 | &nbsp;&nbsp;&nbsp; 137675 |
| Chubb Ltd.  | 1536 | &nbsp;&nbsp;&nbsp; 500628 |
| Cincinnati Financial Corp.  | 1530 | &nbsp;&nbsp;&nbsp; 240745 |
| Everest Group Ltd.  | 913 | &nbsp;&nbsp;&nbsp; 298414 |
| Generali | 39944 | &nbsp;&nbsp;&nbsp; 1610573 |
| Hannover Rueck SE | 347 | &nbsp;&nbsp;&nbsp; 107398 |
| Intact Financial Corp.  | 362 | &nbsp;&nbsp;&nbsp; 65598 |
| Japan Post Holdings Co. Ltd.  | 7600 | &nbsp;&nbsp;&nbsp; 87192 |
| Loews Corp.  | 1451 | &nbsp;&nbsp;&nbsp; 154880 |
| Manulife Financial Corp.  | 3896 | &nbsp;&nbsp;&nbsp; 134208 |
| Marsh & McLennan Cos., Inc.  | 2242 | &nbsp;&nbsp;&nbsp; 388875 |
| Medibank Pvt Ltd.  | 33090 | &nbsp;&nbsp;&nbsp; 100141 |
| NN Group NV | 1730 | &nbsp;&nbsp;&nbsp; 135323 |
| Progressive Corp.  | 962 | &nbsp;&nbsp;&nbsp; 190707 |
| Travelers Cos., Inc.  | 1613 | &nbsp;&nbsp;&nbsp; 470480 |
| W.R. Berkley Corp.  | 4587 | &nbsp;&nbsp;&nbsp; 304026 |
| Zurich Insurance Group AG | 146 | &nbsp;&nbsp;&nbsp; 104098 |
|  |  | &nbsp;&nbsp;&nbsp; 7900732 |
| **Interactive Media & Services — 0.0%** | **Interactive Media & Services — 0.0%** | **Interactive Media & Services — 0.0%** |
| Alphabet, Inc. - Class A | 1210 | &nbsp;&nbsp;&nbsp; 347948 |
| Scout24 SE | 758 | &nbsp;&nbsp;&nbsp; 58079 |
|  |  | &nbsp;&nbsp;&nbsp; 406027 |
| **IT Services — 0.1%** | **IT Services — 0.1%** | **IT Services — 0.1%** |
| Accenture PLC - Class A | 1784 | &nbsp;&nbsp;&nbsp; 353749 |
| CGI, Inc.  | 1902 | &nbsp;&nbsp;&nbsp; 139051 |
| Cognizant Technology Solutions Corp. - Class A | 5562 | &nbsp;&nbsp;&nbsp; 341229 |
| EPAM Systems, Inc. (b) | 1334 | &nbsp;&nbsp;&nbsp; 180624 |
| Fujitsu Ltd.  | 2500 | &nbsp;&nbsp;&nbsp; 50806 |
| International Business Machines Corp.  | 374 | &nbsp;&nbsp;&nbsp; 90654 |
|  |  | &nbsp;&nbsp;&nbsp; 1156113 |
| **Leisure Products — 0.0%** | **Leisure Products — 0.0%** | **Leisure Products — 0.0%** |
| Bandai Namco Holdings, Inc.  | 4200 | &nbsp;&nbsp;&nbsp; 103742 |
| **Life Sciences Tools & Services — 0.1%** | **Life Sciences Tools & Services — 0.1%** | **Life Sciences Tools & Services — 0.1%** |
| Charles River Laboratories International, Inc. (b) | 1381 | &nbsp;&nbsp;&nbsp; 238222 |
| Danaher Corp.  | 751 | &nbsp;&nbsp;&nbsp; 142390 |
| Thermo Fisher Scientific, Inc.  | 272 | &nbsp;&nbsp;&nbsp; 133696 |
| Waters Corp. (b) | 162 | &nbsp;&nbsp;&nbsp; 48244 |
|  |  | &nbsp;&nbsp;&nbsp; 562552 |

---

**BHFTI-234**

------

**Brighthouse Funds Trust I**

**PanAgora Global Diversified Risk Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Machinery — 0.1%** | **Machinery — 0.1%** | **Machinery — 0.1%** |
| Dover Corp.  | 2166 | &nbsp;&nbsp;&nbsp; $451503 |
| IDEX Corp.  | 949 | &nbsp;&nbsp;&nbsp; 179883 |
| Illinois Tool Works, Inc.  | 1985 | &nbsp;&nbsp;&nbsp; 516675 |
|  |  | &nbsp;&nbsp;&nbsp; 1148061 |
| **Media — 0.1%** | **Media — 0.1%** | **Media — 0.1%** |
| Fox Corp. - Class B | 10376 | &nbsp;&nbsp;&nbsp; 550965 |
| News Corp. - Class B | 13780 | &nbsp;&nbsp;&nbsp; 392868 |
| Omnicom Group, Inc.  | 4095 | &nbsp;&nbsp;&nbsp; 308394 |
| Paramount Skydance Corp. - Class B | 23793 | &nbsp;&nbsp;&nbsp; 214613 |
| Trade Desk, Inc. - Class A (b) | 9330 | &nbsp;&nbsp;&nbsp; 211698 |
|  |  | &nbsp;&nbsp;&nbsp; 1678538 |
| **Metals & Mining — 0.8%** | **Metals & Mining — 0.8%** | **Metals & Mining — 0.8%** |
| Agnico Eagle Mines Ltd.  | 3445 | &nbsp;&nbsp;&nbsp; 699277 |
| Anglo American PLC | 25990 | &nbsp;&nbsp;&nbsp; 1104178 |
| Antofagasta PLC | 13576 | &nbsp;&nbsp;&nbsp; 603953 |
| Barrick Mining Corp.  | 14659 | &nbsp;&nbsp;&nbsp; 599069 |
| BHP Group Ltd.  | 59052 | &nbsp;&nbsp;&nbsp; 2157655 |
| Fortescue Ltd.  | 112469 | &nbsp;&nbsp;&nbsp; 1588739 |
| Franco-Nevada Corp.  | 3341 | &nbsp;&nbsp;&nbsp; 827264 |
| Kinross Gold Corp.  | 50752 | &nbsp;&nbsp;&nbsp; 1551637 |
| Newmont Corp.  | 4555 | &nbsp;&nbsp;&nbsp; 493079 |
| Wheaton Precious Metals Corp.  | 4601 | &nbsp;&nbsp;&nbsp; 603941 |
|  |  | &nbsp;&nbsp;&nbsp; 10228792 |
| **Multi-Utilities — 0.3%** | **Multi-Utilities — 0.3%** | **Multi-Utilities — 0.3%** |
| Ameren Corp.  | 9449 | &nbsp;&nbsp;&nbsp; 1038634 |
| Canadian Utilities Ltd. - Class A | 8556 | &nbsp;&nbsp;&nbsp; 300515 |
| CMS Energy Corp.  | 541 | &nbsp;&nbsp;&nbsp; 41971 |
| Consolidated Edison, Inc.  | 774 | &nbsp;&nbsp;&nbsp; 87601 |
| DTE Energy Co.  | 3872 | &nbsp;&nbsp;&nbsp; 566164 |
| Engie SA | 2443 | &nbsp;&nbsp;&nbsp; 78763 |
| Public Service Enterprise Group, Inc.  | 11534 | &nbsp;&nbsp;&nbsp; 933677 |
| Sempra | 5526 | &nbsp;&nbsp;&nbsp; 536961 |
|  |  | &nbsp;&nbsp;&nbsp; 3584286 |
| **Oil, Gas & Consumable Fuels — 0.8%** | **Oil, Gas & Consumable Fuels — 0.8%** | **Oil, Gas & Consumable Fuels — 0.8%** |
| APA Corp.  | 13657 | &nbsp;&nbsp;&nbsp; 579603 |
| ARC Resources Ltd.  | 24355 | &nbsp;&nbsp;&nbsp; 506849 |
| Chevron Corp.  | 7816 | &nbsp;&nbsp;&nbsp; 1617130 |
| ENEOS Holdings, Inc.  | 50700 | &nbsp;&nbsp;&nbsp; 452440 |
| Exxon Mobil Corp.  | 12415 | &nbsp;&nbsp;&nbsp; 2106329 |
| Galp Energia SGPS SA | 1024 | &nbsp;&nbsp;&nbsp; 24895 |
| Kinder Morgan, Inc.  | 40754 | &nbsp;&nbsp;&nbsp; 1366482 |
| Shell PLC | 20950 | &nbsp;&nbsp;&nbsp; 978299 |
| Tourmaline Oil Corp.  | 7698 | &nbsp;&nbsp;&nbsp; 368437 |
| Williams Cos., Inc.  | 17523 | &nbsp;&nbsp;&nbsp; 1275324 |
|  |  | &nbsp;&nbsp;&nbsp; 9275788 |
| **Paper & Forest Products — 0.1%** | **Paper & Forest Products — 0.1%** | **Paper & Forest Products — 0.1%** |
| UPM-Kymmene OYJ | 55468 | &nbsp;&nbsp;&nbsp; 1725353 |
| **Personal Care Products — 0.1%** | **Personal Care Products — 0.1%** | **Personal Care Products — 0.1%** |
| Beiersdorf AG | 2586 | &nbsp;&nbsp;&nbsp; 228790 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Personal Care Products—(Continued)** | **Personal Care Products—(Continued)** | **Personal Care Products—(Continued)** |
| Kenvue, Inc.  | 23610 | &nbsp;&nbsp;&nbsp; $407036 |
| L'Oreal SA | 201 | &nbsp;&nbsp;&nbsp; 82423 |
| Unilever PLC | 1763 | &nbsp;&nbsp;&nbsp; 98846 |
|  |  | &nbsp;&nbsp;&nbsp; 817095 |
| **Pharmaceuticals — 0.3%** | **Pharmaceuticals — 0.3%** | **Pharmaceuticals — 0.3%** |
| Astellas Pharma, Inc.  | 55200 | &nbsp;&nbsp;&nbsp; 901250 |
| Bristol-Myers Squibb Co.  | 5190 | &nbsp;&nbsp;&nbsp; 314773 |
| Johnson & Johnson | 1845 | &nbsp;&nbsp;&nbsp; 450992 |
| Merck & Co., Inc.  | 2511 | &nbsp;&nbsp;&nbsp; 302048 |
| Novartis AG | 677 | &nbsp;&nbsp;&nbsp; 102789 |
| Pfizer, Inc.  | 11613 | &nbsp;&nbsp;&nbsp; 326093 |
| Takeda Pharmaceutical Co. Ltd.  | 14038 | &nbsp;&nbsp;&nbsp; 517874 |
| UCB SA | 521 | &nbsp;&nbsp;&nbsp; 156931 |
| Zoetis, Inc.  | 3139 | &nbsp;&nbsp;&nbsp; 371061 |
|  |  | &nbsp;&nbsp;&nbsp; 3443811 |
| **Professional Services — 0.2%** | **Professional Services — 0.2%** | **Professional Services — 0.2%** |
| Automatic Data Processing, Inc.  | 348 | &nbsp;&nbsp;&nbsp; 70707 |
| Broadridge Financial Solutions, Inc.  | 2226 | &nbsp;&nbsp;&nbsp; 361680 |
| Paychex, Inc.  | 1496 | &nbsp;&nbsp;&nbsp; 137812 |
| RELX PLC | 8763 | &nbsp;&nbsp;&nbsp; 288909 |
| Wolters Kluwer NV | 13674 | &nbsp;&nbsp;&nbsp; 1022954 |
|  |  | &nbsp;&nbsp;&nbsp; 1882062 |
| **Real Estate Management & Development — 0.1%** | **Real Estate Management & Development — 0.1%** | **Real Estate Management & Development — 0.1%** |
| CK Asset Holdings Ltd.  | 17000 | &nbsp;&nbsp;&nbsp; 97107 |
| Hongkong Land Holdings Ltd.  | 40600 | &nbsp;&nbsp;&nbsp; 317551 |
| Sino Land Co. Ltd.  | 116000 | &nbsp;&nbsp;&nbsp; 172855 |
|  |  | &nbsp;&nbsp;&nbsp; 587513 |
| **Residential REITs — 0.0%** | **Residential REITs — 0.0%** | **Residential REITs — 0.0%** |
| AvalonBay Communities, Inc.  | 692 | &nbsp;&nbsp;&nbsp; 113038 |
| Equity Residential | 2333 | &nbsp;&nbsp;&nbsp; 137997 |
|  |  | &nbsp;&nbsp;&nbsp; 251035 |
| **Retail REITs — 0.0%** | **Retail REITs — 0.0%** | **Retail REITs — 0.0%** |
| Realty Income Corp.  | 2881 | &nbsp;&nbsp;&nbsp; 176260 |
| **Semiconductors & Semiconductor Equipment — 0.3%** | **Semiconductors & Semiconductor Equipment — 0.3%** | **Semiconductors & Semiconductor Equipment — 0.3%** |
| Advantest Corp.  | 11500 | &nbsp;&nbsp;&nbsp; 1555900 |
| Analog Devices, Inc.  | 816 | &nbsp;&nbsp;&nbsp; 259602 |
| ASML Holding NV | 65 | &nbsp;&nbsp;&nbsp; 86036 |
| Qnity Electronics, Inc. - Class W/I | 4002 | &nbsp;&nbsp;&nbsp; 461751 |
| Texas Instruments, Inc.  | 1293 | &nbsp;&nbsp;&nbsp; 251023 |
| Tokyo Electron Ltd.  | 6500 | &nbsp;&nbsp;&nbsp; 1589589 |
|  |  | &nbsp;&nbsp;&nbsp; 4203901 |
| **Software — 0.2%** | **Software — 0.2%** | **Software — 0.2%** |
| AppLovin Corp. - Class A (b) | 253 | &nbsp;&nbsp;&nbsp; 100694 |
| Check Point Software Technologies Ltd. (b) | 5684 | &nbsp;&nbsp;&nbsp; 811959 |
| Descartes Systems Group, Inc. (b) | 1562 | &nbsp;&nbsp;&nbsp; 111881 |
| Microsoft Corp.  | 96 | &nbsp;&nbsp;&nbsp; 35536 |
| Oracle Corp.  | 810 | &nbsp;&nbsp;&nbsp; 119159 |
| Palantir Technologies, Inc. - Class A (b) | 845 | &nbsp;&nbsp;&nbsp; 123607 |

---

**BHFTI-235**

------

**Brighthouse Funds Trust I**

**PanAgora Global Diversified Risk Portfolio**

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

**Common Stocks—(Continued)**

**Rights—0.0%**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Software—(Continued)** | **Software—(Continued)** | **Software—(Continued)** |
| Roper Technologies, Inc.  | 1004 | &nbsp;&nbsp;&nbsp; $355275 |
| SAP SE | 299 | &nbsp;&nbsp;&nbsp; 50601 |
| Synopsys, Inc. (b) | 512 | &nbsp;&nbsp;&nbsp; 202998 |
|  |  | &nbsp;&nbsp;&nbsp; 1911710 |
| **Specialty Retail — 0.2%** | **Specialty Retail — 0.2%** | **Specialty Retail — 0.2%** |
| AutoZone, Inc. (b) | 111 | &nbsp;&nbsp;&nbsp; 374934 |
| Home Depot, Inc.  | 1305 | &nbsp;&nbsp;&nbsp; 429201 |
| Lowe's Cos., Inc.  | 2740 | &nbsp;&nbsp;&nbsp; 647407 |
| Ross Stores, Inc.  | 2088 | &nbsp;&nbsp;&nbsp; 452323 |
| TJX Cos., Inc.  | 3861 | &nbsp;&nbsp;&nbsp; 616602 |
| Tractor Supply Co.  | 6645 | &nbsp;&nbsp;&nbsp; 301019 |
|  |  | &nbsp;&nbsp;&nbsp; 2821486 |
| **Technology Hardware, Storage & Peripherals — 0.0%** | **Technology Hardware, Storage & Peripherals — 0.0%** | **Technology Hardware, Storage & Peripherals — 0.0%** |
| Canon, Inc.  | 1400 | &nbsp;&nbsp;&nbsp; 38990 |
| HP, Inc.  | 10652 | &nbsp;&nbsp;&nbsp; 204625 |
| Super Micro Computer, Inc. (b) | 4334 | &nbsp;&nbsp;&nbsp; 98685 |
|  |  | &nbsp;&nbsp;&nbsp; 342300 |
| **Tobacco — 0.1%** | **Tobacco — 0.1%** | **Tobacco — 0.1%** |
| Altria Group, Inc.  | 7726 | &nbsp;&nbsp;&nbsp; 509839 |
| British American Tobacco PLC | 800 | &nbsp;&nbsp;&nbsp; 46600 |
| Imperial Brands PLC | 1497 | &nbsp;&nbsp;&nbsp; 60927 |
| Philip Morris International, Inc.  | 2261 | &nbsp;&nbsp;&nbsp; 373834 |
|  |  | &nbsp;&nbsp;&nbsp; 991200 |
| **Trading Companies & Distributors — 0.0%** | **Trading Companies & Distributors — 0.0%** | **Trading Companies & Distributors — 0.0%** |
| ITOCHU Corp.  | 3100 | &nbsp;&nbsp;&nbsp; 39402 |
| Sumitomo Corp.  | 1100 | &nbsp;&nbsp;&nbsp; 40941 |
|  |  | &nbsp;&nbsp;&nbsp; 80343 |
| **Wireless Telecommunication Services — 0.1%** | **Wireless Telecommunication Services — 0.1%** | **Wireless Telecommunication Services — 0.1%** |
| KDDI Corp.  | 3900 | &nbsp;&nbsp;&nbsp; 66787 |
| Tele2 AB - B Shares | 4743 | &nbsp;&nbsp;&nbsp; 97499 |
| T-Mobile U.S., Inc.  | 2959 | &nbsp;&nbsp;&nbsp; 621479 |
| Vodafone Group PLC | 74811 | &nbsp;&nbsp;&nbsp; 113433 |
|  |  | &nbsp;&nbsp;&nbsp; 899198 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $118,091,048) <br>|  | &nbsp;&nbsp;&nbsp; 125624344 |
| **Warrants—0.0%** | **Warrants—0.0%** | **Warrants—0.0%** |
| **Software — 0.0%** | **Software — 0.0%** | **Software — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Constellation Software, Inc., Expires 03/31/40 (b) <br>(Cost $0)<br>| 179 | &nbsp;&nbsp;&nbsp; 0 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Health Care Equipment & Supplies — 0.0%** | **Health Care Equipment & Supplies — 0.0%** | **Health Care Equipment & Supplies — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; ABIOMED, Inc. (b) (c) (d) <br>(Cost $1,189)<br>| 1165 | &nbsp;&nbsp;&nbsp; $0 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—74.9%** | **Short-Term Investments—74.9%** | **Short-Term Investments—74.9%** |
| **U.S. Treasury—11.4%** | **U.S. Treasury—11.4%** | **U.S. Treasury—11.4%** |
| U.S. Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.585%, 07/09/26 (e) (f) | 143000000 | &nbsp;&nbsp;&nbsp; 141582136 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investment Funds—63.5%** |  |  |
| BlackRock Liquidity Funds FedFund, Institutional Shares |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.550% (g) | 202831318 | &nbsp;&nbsp;&nbsp; 202831318 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury & Agency Cash Management Fund, <br> Institutional Shares<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.540% (g) | 216127414 | &nbsp;&nbsp;&nbsp; 216127414 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br> Institutional Shares<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.530% (g) | 210882785 | &nbsp;&nbsp;&nbsp; 210882785 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional Treasury Plus Money Market Fund, <br> Premier Class<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600% (g) | 162611570 | &nbsp;&nbsp;&nbsp; 162611570 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investment Funds <br>(Cost $792,453,087) <br>|  | &nbsp;&nbsp;&nbsp; 792453087 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $934,043,118) <br>|  | &nbsp;&nbsp;&nbsp; 934035223 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—97.3% <br>(Cost $1,207,070,998) <br>|  | &nbsp;&nbsp;&nbsp; 1213568023 |
| Other assets and liabilities (net)—2.7%  |  | &nbsp;&nbsp;&nbsp; 33492618 |
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1247060641 |

---

&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) Non-income producing security.

(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 March 31, 2026, the market value of securities pledged was $141,582,136. 

(f) The rate shown represents current yield to maturity.

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

**BHFTI-236**

------

**Brighthouse Funds Trust I**

**PanAgora Global Diversified Risk Portfolio**

**Consolidated 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>|
| Australian Dollar Currency Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; 123 | USD | 8465475 | &nbsp;&nbsp;&nbsp; $(168474)<br>|
| Australian 10 Year Treasury Bond Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; 277 | AUD | 29847797 | &nbsp;&nbsp;&nbsp; (190982)<br>|
| Canada Government Bond 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; 3135 | CAD | 376231350 | &nbsp;&nbsp;&nbsp; (4516897)<br>|
| Cattle Feeder Futures | &nbsp;&nbsp;&nbsp; 05/21/26 | &nbsp;&nbsp;&nbsp; 276 | USD | 50573550 | &nbsp;&nbsp;&nbsp; 2134680 |
| Cocoa Futures | &nbsp;&nbsp;&nbsp; 07/16/26 | &nbsp;&nbsp;&nbsp; 158 | USD | 5319860 | &nbsp;&nbsp;&nbsp; (649311)<br>|
| Coffee "C" Futures | &nbsp;&nbsp;&nbsp; 07/21/26 | &nbsp;&nbsp;&nbsp; 219 | USD | 23881950 | &nbsp;&nbsp;&nbsp; (1612426)<br>|
| Copper Futures | &nbsp;&nbsp;&nbsp; 05/27/26 | &nbsp;&nbsp;&nbsp; 265 | USD | 37192750 | &nbsp;&nbsp;&nbsp; (1763809)<br>|
| Corn Futures | &nbsp;&nbsp;&nbsp; 07/14/26 | &nbsp;&nbsp;&nbsp; 1016 | USD | 23787100 | &nbsp;&nbsp;&nbsp; 353923 |
| Euro-Bobl Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; 756 | EUR | 87265080 | &nbsp;&nbsp;&nbsp; (1721324)<br>|
| Euro-BTP Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; 945 | EUR | 109884600 | &nbsp;&nbsp;&nbsp; (4273366)<br>|
| Euro-Bund Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; 702 | EUR | 88023780 | &nbsp;&nbsp;&nbsp; (2209817)<br>|
| Gold 100 Troy Ounces Futures | &nbsp;&nbsp;&nbsp; 06/26/26 | &nbsp;&nbsp;&nbsp; 171 | USD | 80004060 | &nbsp;&nbsp;&nbsp; (6281547)<br>|
| Hang Seng Index Futures | &nbsp;&nbsp;&nbsp; 04/29/26 | &nbsp;&nbsp;&nbsp; 138 | HKD | 170809500 | &nbsp;&nbsp;&nbsp; (467844)<br>|
| IBEX 35 Index Futures | &nbsp;&nbsp;&nbsp; 04/17/26 | &nbsp;&nbsp;&nbsp; 145 | EUR | 24601425 | &nbsp;&nbsp;&nbsp; (501269)<br>|
| Japanese Government Bond 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; 135 | JPY | 17591850000 | &nbsp;&nbsp;&nbsp; (1030440)<br>|
| Japanese Yen Currency Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; 100 | USD | 7917500 | &nbsp;&nbsp;&nbsp; (68052)<br>|
| Lean Hogs Futures | &nbsp;&nbsp;&nbsp; 06/12/26 | &nbsp;&nbsp;&nbsp; 804 | USD | 33784080 | &nbsp;&nbsp;&nbsp; (929111)<br>|
| Live Cattle Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; 693 | USD | 67435830 | &nbsp;&nbsp;&nbsp; 2526509 |
| LME Nickel Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; 110 | USD | 11276753 | &nbsp;&nbsp;&nbsp; (208766)<br>|
| LME Primary Aluminum Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; 275 | USD | 23939713 | &nbsp;&nbsp;&nbsp; 2667140 |
| LME Zinc Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; 192 | USD | 15566400 | &nbsp;&nbsp;&nbsp; (590424)<br>|
| Low Sulphur Gas Oil Futures | &nbsp;&nbsp;&nbsp; 05/12/26 | &nbsp;&nbsp;&nbsp; 262 | USD | 32468350 | &nbsp;&nbsp;&nbsp; 4965472 |
| MSCI Emerging Markets Index Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; 2441 | USD | 177533930 | &nbsp;&nbsp;&nbsp; (2453083)<br>|
| NASDAQ 100 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 23 | USD | 11000900 | &nbsp;&nbsp;&nbsp; (394476)<br>|
| New York Harbor ULSD Future | &nbsp;&nbsp;&nbsp; 04/30/26 | &nbsp;&nbsp;&nbsp; 91 | USD | 15722944 | &nbsp;&nbsp;&nbsp; 1238867 |
| RBOB Gasoline Futures | &nbsp;&nbsp;&nbsp; 04/30/26 | &nbsp;&nbsp;&nbsp; 197 | USD | 26509069 | &nbsp;&nbsp;&nbsp; 1204826 |
| Russell 2000 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 1355 | USD | 170201550 | &nbsp;&nbsp;&nbsp; 354546 |
| S&P 500 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 176 | USD | 57822600 | &nbsp;&nbsp;&nbsp; (1376075)<br>|
| S&P TSX 60 Index Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 175 | CAD | 66773000 | &nbsp;&nbsp;&nbsp; 100873 |
| Silver Futures | &nbsp;&nbsp;&nbsp; 05/27/26 | &nbsp;&nbsp;&nbsp; 101 | USD | 37834095 | &nbsp;&nbsp;&nbsp; (2048712)<br>|
| Soybean Futures | &nbsp;&nbsp;&nbsp; 05/14/26 | &nbsp;&nbsp;&nbsp; 399 | USD | 23361450 | &nbsp;&nbsp;&nbsp; 817952 |
| Soybean Meal Futures | &nbsp;&nbsp;&nbsp; 05/14/26 | &nbsp;&nbsp;&nbsp; 470 | USD | 14870800 | &nbsp;&nbsp;&nbsp; 388301 |
| Soybean Oil Futures | &nbsp;&nbsp;&nbsp; 07/14/26 | &nbsp;&nbsp;&nbsp; 463 | USD | 19134864 | &nbsp;&nbsp;&nbsp; 2844765 |
| U.K. Long Gilt Bond Futures | &nbsp;&nbsp;&nbsp; 06/26/26 | &nbsp;&nbsp;&nbsp; 143 | GBP | 12553970 | &nbsp;&nbsp;&nbsp; (969719)<br>|
| U.S. Treasury Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 535 | USD | 60923125 | &nbsp;&nbsp;&nbsp; (1792494)<br>|
| U.S. Treasury Note 2 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; 4878 | USD | 1011918232 | &nbsp;&nbsp;&nbsp; (7119268)<br>|
| U.S. Treasury Note 5 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; 6378 | USD | 689970050 | &nbsp;&nbsp;&nbsp; (8872518)<br>|
| WTI Crude Oil Futures | &nbsp;&nbsp;&nbsp; 05/19/26 | &nbsp;&nbsp;&nbsp; 170 | USD | 15837200 | &nbsp;&nbsp;&nbsp; 43951 |

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Short** |  |  |  |  |  |
| Brent Crude Oil Futures | &nbsp;&nbsp;&nbsp; 05/29/26 | &nbsp;&nbsp;&nbsp; (80)<br>| USD | (7693600)<br>| &nbsp;&nbsp;&nbsp; (70652)<br>|
| British Pound Currency Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; (1296)<br>| USD | (107130600)<br>| &nbsp;&nbsp;&nbsp; 1292847 |
| Canadian Dollar Currency Futures | &nbsp;&nbsp;&nbsp; 06/16/26 | &nbsp;&nbsp;&nbsp; (183)<br>| USD | (13176000)<br>| &nbsp;&nbsp;&nbsp; 350588 |
| Cotton No. 2 Futures | &nbsp;&nbsp;&nbsp; 07/09/26 | &nbsp;&nbsp;&nbsp; (562)<br>| USD | (20268530)<br>| &nbsp;&nbsp;&nbsp; (422042)<br>|
| DAX Index Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; (16)<br>| EUR | (9134800)<br>| &nbsp;&nbsp;&nbsp; 442444 |
| Euro Currency Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; (122)<br>| USD | (17667888)<br>| &nbsp;&nbsp;&nbsp; 107086 |
| FTSE 100 Index Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; (198)<br>| GBP | (20194020)<br>| &nbsp;&nbsp;&nbsp; 251434 |
| LME Nickel Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; (24)<br>| USD | (2460383)<br>| &nbsp;&nbsp;&nbsp; 31602 |
| LME Primary Aluminum Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; (12)<br>| USD | (1044642)<br>| &nbsp;&nbsp;&nbsp; (89200)<br>|
| LME Zinc Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; (13)<br>| USD | (1053975)<br>| &nbsp;&nbsp;&nbsp; 24800 |
| MSCI EAFE Index Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; (459)<br>| USD | (66580245)<br>| &nbsp;&nbsp;&nbsp; (198419)<br>|
| OMX Stockholm 30 Index Futures | &nbsp;&nbsp;&nbsp; 04/17/26 | &nbsp;&nbsp;&nbsp; (366)<br>| SEK | (106872000)<br>| &nbsp;&nbsp;&nbsp; 348074 |

---

**BHFTI-237**

------

**Brighthouse Funds Trust I**

**PanAgora Global Diversified Risk Portfolio**

**Consolidated 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>|
| SPI 200 Index Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (94)<br>| AUD | (20005550)<br>| &nbsp;&nbsp;&nbsp; $202121 |
| Sugar Futures | &nbsp;&nbsp;&nbsp; 04/30/26 | &nbsp;&nbsp;&nbsp; (855)<br>| USD | (14861952)<br>| &nbsp;&nbsp;&nbsp; (1553903)<br>|
| TOPIX Index Futures | &nbsp;&nbsp;&nbsp; 06/11/26 | &nbsp;&nbsp;&nbsp; (31)<br>| JPY | (1086240000)<br>| &nbsp;&nbsp;&nbsp; (19133)<br>|
| U.S. Treasury Note 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (844)<br>| USD | (93723562)<br>| &nbsp;&nbsp;&nbsp; 1699694 |
| Wheat Futures | &nbsp;&nbsp;&nbsp; 05/14/26 | &nbsp;&nbsp;&nbsp; (446)<br>| USD | (13742375)<br>| &nbsp;&nbsp;&nbsp; (871150)<br>|
| Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | &nbsp;&nbsp;&nbsp; $(31042208)<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;&nbsp;&nbsp; $153908456 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $153908456 |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aerospace & Defense | &nbsp;&nbsp;&nbsp; 470555 | &nbsp;&nbsp;&nbsp; 544511 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1015066 |
| &nbsp;&nbsp;&nbsp;&nbsp; Air Freight & Logistics | &nbsp;&nbsp;&nbsp; 180470 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 180470 |
| &nbsp;&nbsp;&nbsp;&nbsp; Automobile Components | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 339724 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 339724 |
| &nbsp;&nbsp;&nbsp;&nbsp; Automobiles | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 329479 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 329479 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banks | &nbsp;&nbsp;&nbsp; 209517 | &nbsp;&nbsp;&nbsp; 11866974 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12076491 |
| &nbsp;&nbsp;&nbsp;&nbsp; Beverages | &nbsp;&nbsp;&nbsp; 1157112 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1157112 |
| &nbsp;&nbsp;&nbsp;&nbsp; Biotechnology | &nbsp;&nbsp;&nbsp; 1272103 | &nbsp;&nbsp;&nbsp; 137239 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1409342 |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadline Retail | &nbsp;&nbsp;&nbsp; 846852 | &nbsp;&nbsp;&nbsp; 1482161 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2329013 |
| &nbsp;&nbsp;&nbsp;&nbsp; Building Products | &nbsp;&nbsp;&nbsp; 205067 | &nbsp;&nbsp;&nbsp; 1334418 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1539485 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp;&nbsp; 1213915 | &nbsp;&nbsp;&nbsp; 257777 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1471692 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp;&nbsp; 2262056 | &nbsp;&nbsp;&nbsp; 984063 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3246119 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Services & Supplies | &nbsp;&nbsp;&nbsp; 705848 | &nbsp;&nbsp;&nbsp; 1069296 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1775144 |
| &nbsp;&nbsp;&nbsp;&nbsp; Communications Equipment | &nbsp;&nbsp;&nbsp; 651890 | &nbsp;&nbsp;&nbsp; 2030491 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2682381 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction & Engineering | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 83574 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 83574 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction Materials | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2620426 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2620426 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples Distribution & Retail | &nbsp;&nbsp;&nbsp; 770839 | &nbsp;&nbsp;&nbsp; 1984742 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2755581 |
| &nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | &nbsp;&nbsp;&nbsp; 3866130 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3866130 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Consumer Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 800998 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 800998 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Telecommunication Services | &nbsp;&nbsp;&nbsp; 2407609 | &nbsp;&nbsp;&nbsp; 2241731 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4649340 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | &nbsp;&nbsp;&nbsp; 4156369 | &nbsp;&nbsp;&nbsp; 66226 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4222595 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | &nbsp;&nbsp;&nbsp; 1298764 | &nbsp;&nbsp;&nbsp; 59646 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1358410 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronic Equipment, Instruments & Components | &nbsp;&nbsp;&nbsp; 1263870 | &nbsp;&nbsp;&nbsp; 748319 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2012189 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp;&nbsp; 818270 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 818270 |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial Services | &nbsp;&nbsp;&nbsp; 739472 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 739472 |
| &nbsp;&nbsp;&nbsp;&nbsp; Food Products | &nbsp;&nbsp;&nbsp; 3963038 | &nbsp;&nbsp;&nbsp; 541936 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4504974 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gas Utilities | &nbsp;&nbsp;&nbsp; 86781 | &nbsp;&nbsp;&nbsp; 1287536 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1374317 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ground Transportation | &nbsp;&nbsp;&nbsp; 527210 | &nbsp;&nbsp;&nbsp; 676642 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1203852 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Equipment & Supplies | &nbsp;&nbsp;&nbsp; 1986380 | &nbsp;&nbsp;&nbsp; 913493 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2899873 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Providers & Services | &nbsp;&nbsp;&nbsp; 964771 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 964771 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure | &nbsp;&nbsp;&nbsp; 1706883 | &nbsp;&nbsp;&nbsp; 83129 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1790012 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Durables | &nbsp;&nbsp;&nbsp; 389313 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 389313 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Products | &nbsp;&nbsp;&nbsp; 1427758 | &nbsp;&nbsp;&nbsp; 80146 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1507904 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial Conglomerates | &nbsp;&nbsp;&nbsp; 144433 | &nbsp;&nbsp;&nbsp; 1188494 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1332927 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp;&nbsp; 4120826 | &nbsp;&nbsp;&nbsp; 3779906 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7900732 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interactive Media & Services | &nbsp;&nbsp;&nbsp; 347948 | &nbsp;&nbsp;&nbsp; 58079 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 406027 |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp;&nbsp; 1105307 | &nbsp;&nbsp;&nbsp; 50806 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1156113 |
| &nbsp;&nbsp;&nbsp;&nbsp; Leisure Products | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 103742 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 103742 |
| &nbsp;&nbsp;&nbsp;&nbsp; Life Sciences Tools & Services | &nbsp;&nbsp;&nbsp; 562552 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 562552 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | &nbsp;&nbsp;&nbsp; 1148061 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1148061 |
| &nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp;&nbsp; 1678538 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1678538 |
| &nbsp;&nbsp;&nbsp;&nbsp; Metals & Mining | &nbsp;&nbsp;&nbsp; 4774267 | &nbsp;&nbsp;&nbsp; 5454525 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10228792 |
| &nbsp;&nbsp;&nbsp;&nbsp; Multi-Utilities | &nbsp;&nbsp;&nbsp; 3505523 | &nbsp;&nbsp;&nbsp; 78763 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3584286 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas & Consumable Fuels | &nbsp;&nbsp;&nbsp; 7820154 | &nbsp;&nbsp;&nbsp; 1455634 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9275788 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paper & Forest Products | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1725353 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1725353 |
| &nbsp;&nbsp;&nbsp;&nbsp; Personal Care Products | &nbsp;&nbsp;&nbsp; 407036 | &nbsp;&nbsp;&nbsp; 410059 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 817095 |

---

**BHFTI-238**

------

**Brighthouse Funds Trust I**

**PanAgora Global Diversified Risk Portfolio**

**Consolidated 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; Pharmaceuticals | &nbsp;&nbsp;&nbsp; $1764967 | &nbsp;&nbsp;&nbsp; $1678844 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $3443811 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional Services | &nbsp;&nbsp;&nbsp; 570199 | &nbsp;&nbsp;&nbsp; 1311863 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1882062 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Management & Development | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 587513 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 587513 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential REITs | &nbsp;&nbsp;&nbsp; 251035 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 251035 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail REITs | &nbsp;&nbsp;&nbsp; 176260 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 176260 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | &nbsp;&nbsp;&nbsp; 972376 | &nbsp;&nbsp;&nbsp; 3231525 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4203901 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp; 1861109 | &nbsp;&nbsp;&nbsp; 50601 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1911710 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Retail | &nbsp;&nbsp;&nbsp; 2821486 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2821486 |
| &nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware, Storage & Peripherals | &nbsp;&nbsp;&nbsp; 303310 | &nbsp;&nbsp;&nbsp; 38990 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 342300 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tobacco | &nbsp;&nbsp;&nbsp; 883673 | &nbsp;&nbsp;&nbsp; 107527 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 991200 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trading Companies & Distributors | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 80343 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 80343 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wireless Telecommunication Services | &nbsp;&nbsp;&nbsp; 621479 | &nbsp;&nbsp;&nbsp; 277719 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 899198 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 71389381 | &nbsp;&nbsp;&nbsp; 54234963 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 125624344 |
| Total Warrants\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 |
| Total Rights\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 792453087 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 792453087 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 141582136 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 141582136 |
| Total Short-Term Investments | &nbsp;&nbsp;&nbsp; 792453087 | &nbsp;&nbsp;&nbsp; 141582136 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 934035223 |
| Total Investments | &nbsp;&nbsp;&nbsp; $863842468 | &nbsp;&nbsp;&nbsp; $349725555 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $1213568023 |
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $24392495 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $24392495 |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; (55434703)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (55434703)<br>|
| Total Futures Contracts | &nbsp;&nbsp;&nbsp; $(31042208)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(31042208)<br>|

---

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

\* See Consolidated Schedule of Investments for additional detailed categorizations.

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

**BHFTI-239**

------

**Brighthouse Funds Trust I**

**PIMCO Inflation Protected Bond Portfolio**

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

**U.S. Treasury & Government Agencies—94.9% of Net Assets**

**Agency Sponsored Mortgage-Backed Securities—19.8%**

&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>|
| **U.S. Treasury — 94.9%** | **U.S. Treasury — 94.9%** | **U.S. Treasury — 94.9%** |
| U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 08/15/45 (a) | 177000 | &nbsp;&nbsp;&nbsp; $176419 |
| U.S. Treasury Inflation-Indexed Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.125%, 02/15/51 (b) | 17125572 | &nbsp;&nbsp;&nbsp; 9102146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.125%, 02/15/52 (b) | 8411472 | &nbsp;&nbsp;&nbsp; 4363811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.250%, 02/15/50 (b) (c) | 17992566 | &nbsp;&nbsp;&nbsp; 10178257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.625%, 02/15/43 (b) (c) | 15422519 | &nbsp;&nbsp;&nbsp; 11356760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.750%, 02/15/42 (b) (c) | 44398806 | &nbsp;&nbsp;&nbsp; 34190630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.750%, 02/15/45 (b) (c) | 28540550 | &nbsp;&nbsp;&nbsp; 20493596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.875%, 02/15/47 (b) (c) | 40612923 | &nbsp;&nbsp;&nbsp; 28793941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.000%, 02/15/46 (b) (c) | 44221431 | &nbsp;&nbsp;&nbsp; 32782918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 02/15/44 (b) (c) | 40254872 | &nbsp;&nbsp;&nbsp; 33248417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 02/15/53 (b) | 8643074 | &nbsp;&nbsp;&nbsp; 6622753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 01/15/28 (b) (c) | 70387971 | &nbsp;&nbsp;&nbsp; 71389545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.125%, 02/15/40 (b) (c) | 13891704 | &nbsp;&nbsp;&nbsp; 13594251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.125%, 02/15/41 (b) (c) | 10442784 | &nbsp;&nbsp;&nbsp; 10103202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.125%, 02/15/54 (b) | 10384668 | &nbsp;&nbsp;&nbsp; 9152178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 02/15/55 (b) (d) | 12470623 | &nbsp;&nbsp;&nbsp; 11588298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/15/29 (b) (c) | 21595433 | &nbsp;&nbsp;&nbsp; 22399473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 04/15/32 (a) (b) (e) | 3550784 | &nbsp;&nbsp;&nbsp; 3917086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 04/15/28 (b) (c) | 36343649 | &nbsp;&nbsp;&nbsp; 38208146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 04/15/29 (b) (c) | 40209419 | &nbsp;&nbsp;&nbsp; 43368799 |
| U.S. Treasury Inflation-Indexed Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.125%, 01/15/30 (b) (c) | 42609606 | &nbsp;&nbsp;&nbsp; 40777225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.125%, 07/15/30 (b) (c) | 29854393 | &nbsp;&nbsp;&nbsp; 28415494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.125%, 01/15/31 (b) (c) | 26892468 | &nbsp;&nbsp;&nbsp; 25281471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.125%, 07/15/31 (b) (c) | 18642739 | &nbsp;&nbsp;&nbsp; 17416784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.125%, 01/15/32 (b) | 7743120 | &nbsp;&nbsp;&nbsp; 7125426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.250%, 07/15/29 (b) (c) | 31199597 | &nbsp;&nbsp;&nbsp; 30340965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.375%, 07/15/27 (a) (b) | 917334 | &nbsp;&nbsp;&nbsp; 916930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.500%, 01/15/28 (b) (f) (g) | 13015640 | &nbsp;&nbsp;&nbsp; 12912662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.625%, 07/15/32 (b) (c) (d) | 170717562 | &nbsp;&nbsp;&nbsp; 161061633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.750%, 07/15/28 (a) (b) (f) (g) | 5972670 | &nbsp;&nbsp;&nbsp; 5954304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.875%, 01/15/29 (b) (c) | 16896317 | &nbsp;&nbsp;&nbsp; 16771135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 10/15/30 (b) (c) | 31980624 | &nbsp;&nbsp;&nbsp; 31693585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 01/15/33 (b) (c) | 43464784 | &nbsp;&nbsp;&nbsp; 41860248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, 04/15/28 (a) (b) (f) | 6722226 | &nbsp;&nbsp;&nbsp; 6747439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 07/15/33 (b) (c) | 67907740 | &nbsp;&nbsp;&nbsp; 66376706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 10/15/27 (b) (c) (d) | 97723607 | &nbsp;&nbsp;&nbsp; 99229528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 10/15/29 (b) (c) | 69474048 | &nbsp;&nbsp;&nbsp; 70564899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 04/15/30 (b) (c) | 54774376 | &nbsp;&nbsp;&nbsp; 55319115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 01/15/34 (b) (c) | 11958451 | &nbsp;&nbsp;&nbsp; 11907338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 07/15/34 (b) (d) | 46742993 | &nbsp;&nbsp;&nbsp; 46970465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 07/15/35 (b) (d) | 45576900 | &nbsp;&nbsp;&nbsp; 45352877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 01/15/36 (b) | 13211352 | &nbsp;&nbsp;&nbsp; 13051837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.125%, 04/15/29 (b) (c) | 14408427 | &nbsp;&nbsp;&nbsp; 14790795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.125%, 01/15/35 (b) (c) | 26903619 | &nbsp;&nbsp;&nbsp; 27357189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 10/15/28 (b) (c) | 28994238 | &nbsp;&nbsp;&nbsp; 30014374 |
| U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 08/15/35 (a) | 298000 | &nbsp;&nbsp;&nbsp; 296883 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury & Government Agencies <br>(Cost $1,452,028,442) <br>|  | &nbsp;&nbsp;&nbsp; 1323537933 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Agency Collateralized Mortgage Obligations — 3.5%** | **Agency Collateralized Mortgage Obligations — 3.5%** | **Agency Collateralized Mortgage Obligations — 3.5%** |
| Federal Home Loan Mortgage Corp. REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.137%, SOFR30A + 0.464%, 01/15/47 (h) | 957118 | &nbsp;&nbsp;&nbsp; $937084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.146%, SOFR30A + 0.464%, 07/15/44 (h) | 603223 | &nbsp;&nbsp;&nbsp; 590884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.812%, SOFR30A + 1.150%, 08/25/55 (h) | 1132057 | &nbsp;&nbsp;&nbsp; 1140226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.812%, SOFR30A + 1.150%, 11/25/55 (h) | 7033284 | &nbsp;&nbsp;&nbsp; 7061250 |
| Federal Home Loan Mortgage Corp. STRIPS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.237%, SOFR30A + 0.564%, 09/15/42 (h) | 906667 | &nbsp;&nbsp;&nbsp; 894722 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Structured Pass-<br> Through Certificates<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.053%, 1M TSFR + 0.374%, 08/25/31 (h) | 6467 | &nbsp;&nbsp;&nbsp; 6484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.059%, 12M MTA + 1.200%, 10/25/44 (h) | 540421 | &nbsp;&nbsp;&nbsp; 499292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.059%, 12M MTA + 1.200%, 02/25/45 (h) | 166571 | &nbsp;&nbsp;&nbsp; 162679 |
| Federal National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.842%, SOFR30A + 0.174%, 12/25/36 (h) | 8297 | &nbsp;&nbsp;&nbsp; 8150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.842%, SOFR30A + 0.174%, 07/25/37 (h) | 58186 | &nbsp;&nbsp;&nbsp; 57111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.932%, SOFR30A + 0.264%, 08/25/34 (h) | 3237 | &nbsp;&nbsp;&nbsp; 3179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.126%, SOFR30A + 0.464%, 07/25/37 (h) | 1184 | &nbsp;&nbsp;&nbsp; 1172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.156%, SOFR30A + 0.494%, 07/25/37 (h) | 16251 | &nbsp;&nbsp;&nbsp; 16095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.692%, SOFR30A + 1.030%, 06/25/55 (h) | 6390554 | &nbsp;&nbsp;&nbsp; 6452661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.842%, SOFR30A + 1.180%, 08/25/55 (h) | 849054 | &nbsp;&nbsp;&nbsp; 856210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 05/25/35 (h) | 32900 | &nbsp;&nbsp;&nbsp; 33505 |
| Federal National Mortgage Association Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.126%, SOFR30A + 0.464%, 05/25/42 (h) | 12596 | &nbsp;&nbsp;&nbsp; 12554 |
| Government National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.453%, SOFR30A + 0.780%, 10/20/75 (h) | 14770528 | &nbsp;&nbsp;&nbsp; 14876301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.573%, SOFR30A + 0.900%, 10/20/72 (h) | 2325676 | &nbsp;&nbsp;&nbsp; 2343229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.613%, 1M TSFR + 0.944%, 08/20/66 (h) | 43029 | &nbsp;&nbsp;&nbsp; 43191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.773%, SOFR30A + 1.100%, 05/20/73 (h) | 940980 | &nbsp;&nbsp;&nbsp; 962085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.927%, 12M TSFR + 0.865%, 08/20/68 (h) | 1847326 | &nbsp;&nbsp;&nbsp; 1860485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.023%, SOFR30A + 1.350%, 07/20/55 (h) | 8782286 | &nbsp;&nbsp;&nbsp; 8848473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.592%, 12M TSFR + 1.465%, 04/20/67 (h) | 619688 | &nbsp;&nbsp;&nbsp; 627329 |
|  |  | &nbsp;&nbsp;&nbsp; 48294351 |
| **Agency Mortgage-Backed Securities — 16.3%** | **Agency Mortgage-Backed Securities — 16.3%** | **Agency Mortgage-Backed Securities — 16.3%** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/52 | 315199 | &nbsp;&nbsp;&nbsp; 305541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/52 | 92095 | &nbsp;&nbsp;&nbsp; 89320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/53 | 7562226 | &nbsp;&nbsp;&nbsp; 7319203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/53 | 956429 | &nbsp;&nbsp;&nbsp; 924954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.890%, 1Y H15 + 2.225%, 01/01/34 (h) | 7827 | &nbsp;&nbsp;&nbsp; 8019 |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/52 | 315171 | &nbsp;&nbsp;&nbsp; 277456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/48 | 351827 | &nbsp;&nbsp;&nbsp; 335664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/49 | 124470 | &nbsp;&nbsp;&nbsp; 118500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/50 | 150235 | &nbsp;&nbsp;&nbsp; 142315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/50 | 207643 | &nbsp;&nbsp;&nbsp; 198435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/52 | 469838 | &nbsp;&nbsp;&nbsp; 445588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/52 | 430435 | &nbsp;&nbsp;&nbsp; 417246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.114%, 12M MTA + 1.200%, 07/01/44 (h) | 1822 | &nbsp;&nbsp;&nbsp; 1826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.114%, 12M MTA + 1.200%, 09/01/44 (h) | 5014 | &nbsp;&nbsp;&nbsp; 5064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.232%, 1Y H15 + 2.360%, 11/01/34 (h) | 65990 | &nbsp;&nbsp;&nbsp; 68934 |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/20/52 | 23217088 | &nbsp;&nbsp;&nbsp; 21472994 |
| Government National Mortgage Association, TBA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, TBA (i) | 21900000 | &nbsp;&nbsp;&nbsp; 20095443 |

---

**BHFTI-240**

------

**Brighthouse Funds Trust I**

**PIMCO Inflation Protected Bond 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)** |
| Uniform Mortgage-Backed Security, TBA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, TBA (i) | 7200000 | &nbsp;&nbsp;&nbsp; $6793370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, TBA (i) | 98900000 | &nbsp;&nbsp;&nbsp; 95350131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, TBA (i) | 48100000 | &nbsp;&nbsp;&nbsp; 48971431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, TBA (i) | 24000000 | &nbsp;&nbsp;&nbsp; 24802778 |
|  |  | &nbsp;&nbsp;&nbsp; 228144212 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Agency Sponsored Mortgage-Backed Securities <br>(Cost $277,041,251) <br>|  | &nbsp;&nbsp;&nbsp; 276438563 |
| **Asset-Backed Securities—6.4%** | **Asset-Backed Securities—6.4%** | **Asset-Backed Securities—6.4%** |
| **Asset-Backed - Home Equity — 0.9%** | **Asset-Backed - Home Equity — 0.9%** | **Asset-Backed - Home Equity — 0.9%** |
| ACE Securities Corp. Home Equity Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.193%, 1M TSFR + 0.514%, 03/25/37 (h) | 417499 | &nbsp;&nbsp;&nbsp; 169143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.843%, 1M TSFR + 1.164%, 12/25/33 (h) | 685231 | &nbsp;&nbsp;&nbsp; 703256 |
| Asset-Backed Securities Corp. Home Equity Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.618%, 1M TSFR + 0.939%, 04/25/34 (h) | 959087 | &nbsp;&nbsp;&nbsp; 1039348 |
| Citigroup Mortgage Loan Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.973%, 1M TSFR + 0.294%, 03/25/37 (h) | 672988 | &nbsp;&nbsp;&nbsp; 589743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.083%, 1M TSFR + 0.404%, 09/25/36 (144A) (h) | 485485 | &nbsp;&nbsp;&nbsp; 476338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.483%, 1M TSFR + 0.804%, 10/25/35 (h) | 3700000 | &nbsp;&nbsp;&nbsp; 3510470 |
| First NLC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.863%, 1M TSFR + 0.184%, 08/25/37 (144A) (h) | 698129 | &nbsp;&nbsp;&nbsp; 350410 |
| GSAA Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.720%, 03/25/46 (j) | 247644 | &nbsp;&nbsp;&nbsp; 125229 |
| Home Equity Asset Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.468%, 1M TSFR + 0.789%, 02/25/36 (h) | 841781 | &nbsp;&nbsp;&nbsp; 831293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.648%, 1M TSFR + 0.969%, 08/25/34 (h) | 139531 | &nbsp;&nbsp;&nbsp; 139059 |
| HSI Asset Securitization Corp. Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.893%, 1M TSFR + 0.214%, 10/25/36 (h) | 3684 | &nbsp;&nbsp;&nbsp; 1239 |
| MASTR Asset-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.543%, 1M TSFR + 0.864%, 10/25/35 (h) | 78503 | &nbsp;&nbsp;&nbsp; 78066 |
| Morgan Stanley ABS Capital I, Inc. Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.453%, 1M TSFR + 0.774%, 01/25/35 (h) | 347338 | &nbsp;&nbsp;&nbsp; 341734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.468%, 1M TSFR + 0.789%, 09/25/35 (h) | 810014 | &nbsp;&nbsp;&nbsp; 776706 |
| New Century Home Equity Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.558%, 1M TSFR + 0.879%, 02/25/35 (h) | 249917 | &nbsp;&nbsp;&nbsp; 246633 |
| Nomura Home Equity Loan, Inc. Home Equity Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.228%, 1M TSFR + 0.549%, 03/25/36 (h) | 63259 | &nbsp;&nbsp;&nbsp; 63241 |
| Residential Asset Securities Corporation Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.253%, 1M TSFR + 0.344%, 06/25/36 (h) | 2208728 | &nbsp;&nbsp;&nbsp; 2192573 |
| Soundview Home Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.973%, 1M TSFR + 0.294%, 07/25/37 (h) | 234092 | &nbsp;&nbsp;&nbsp; 215300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.993%, 1M TSFR + 0.314%, 06/25/37 (h) | 1612442 | &nbsp;&nbsp;&nbsp; 1112990 |
|  |  | &nbsp;&nbsp;&nbsp; 12962771 |
| **Asset-Backed - Other — 5.1%** | **Asset-Backed - Other — 5.1%** | **Asset-Backed - Other — 5.1%** |
| 522 Funding CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.969%, 3M TSFR + 1.302%, 10/20/31 (144A) (h) | 17371 | &nbsp;&nbsp;&nbsp; 17371 |
| AlbaCore Euro CLO IV DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.006%, 3M EURIBOR + 0.990%, 07/15/35 (144A) <br> (EUR) (h)<br>| 999835 | &nbsp;&nbsp;&nbsp; 1156027 |
| Arbor Realty Commercial Real Estate Notes Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.122%, SOFR30A + 1.450%, 01/15/37 (144A) (h) | 837935 | &nbsp;&nbsp;&nbsp; 837935 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| ARES XLIV CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.802%, 3M TSFR + 1.130%, 04/15/34 (144A) (h) | 700000 | &nbsp;&nbsp;&nbsp; $700043 |
| Argent Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.113%, 1M TSFR + 0.434%, 05/25/36 (h) | 212704 | &nbsp;&nbsp;&nbsp; 49658 |
| Bain Capital Credit CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.728%, 3M TSFR + 1.060%, 07/24/34 (144A) (h) | 3200000 | &nbsp;&nbsp;&nbsp; 3192067 |
| Barings Euro CLO DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.996%, 3M EURIBOR + 0.980%, 10/15/34 (144A) <br> (EUR) (h)<br>| 3300000 | &nbsp;&nbsp;&nbsp; 3802916 |
| BlueMountain CLO XXII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.014%, 3M TSFR + 1.342%, 07/15/31 (144A) (h) | 73064 | &nbsp;&nbsp;&nbsp; 73052 |
| Bosphorus CLO VI DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.884%, 3M EURIBOR + 0.850%, 05/25/34 (144A) <br> (EUR) (h)<br>| 5406423 | &nbsp;&nbsp;&nbsp; 6227637 |
| Capital Four U.S. CLO II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.568%, 3M TSFR + 1.900%, 01/20/37 (144A) (h) | 900000 | &nbsp;&nbsp;&nbsp; 900153 |
| CIFC Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.880%, 3M TSFR + 1.212%, 10/24/30 (144A) (h) | 28191 | &nbsp;&nbsp;&nbsp; 28195 |
| CIT Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.293%, 1M TSFR + 2.364%, 10/25/37 (144A) (h) | 2648060 | &nbsp;&nbsp;&nbsp; 2684238 |
| Countrywide Asset-Backed Certificates Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.983%, 1M TSFR + 0.304%, 11/25/37 (h) | 3460459 | &nbsp;&nbsp;&nbsp; 3334634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.533%, 1M TSFR + 0.854%, 08/25/47 (h) | 14198 | &nbsp;&nbsp;&nbsp; 13962 |
| Credit-Based Asset Servicing & Securitization LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.908%, 1M TSFR + 0.234%, 07/25/37 (144A) (h) | 53320 | &nbsp;&nbsp;&nbsp; 35531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.008%, 1M TSFR + 0.334%, 07/25/37 (144A) (h) | 1062668 | &nbsp;&nbsp;&nbsp; 708069 |
| CSAB Mortgage-Backed Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.220%, 09/25/36 (j) | 351588 | &nbsp;&nbsp;&nbsp; 92835 |
| CVC Cordatus Loan Fund XXI DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.068%, 3M EURIBOR + 0.960%, 09/22/34 (144A) <br> (EUR) (h)<br>| 1700000 | &nbsp;&nbsp;&nbsp; 1963181 |
| CVC Cordatus Opportunity Loan Fund-R DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.824%, 3M EURIBOR + 0.840%, 08/15/33 (144A) <br> (EUR) (h)<br>| 1504208 | &nbsp;&nbsp;&nbsp; 1731574 |
| Dryden 35 Euro CLO DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.006%, 3M EURIBOR + 0.980%, 01/17/33 (144A) <br> (EUR) (h)<br>| 261607 | &nbsp;&nbsp;&nbsp; 302143 |
| Dryden 44 Euro CLO DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.896%, 3M EURIBOR + 0.880%, 04/15/34 (144A) <br> (EUR) (h)<br>| 1175085 | &nbsp;&nbsp;&nbsp; 1355923 |
| Dryden 52 Euro CLO DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.844%, 3M EURIBOR + 0.860%, 05/15/34 (144A) <br> (EUR) (h)<br>| 387824 | &nbsp;&nbsp;&nbsp; 447539 |
| Dryden 54 Senior Loan Fund |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.818%, 3M TSFR + 1.150%, 10/19/29 (144A) (h) | 34038 | &nbsp;&nbsp;&nbsp; 34029 |
| Dryden 60 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.984%, 3M TSFR + 1.312%, 07/15/31 (144A) (h) | 129868 | &nbsp;&nbsp;&nbsp; 129852 |
| Dryden 64 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.899%, 3M TSFR + 1.232%, 04/18/31 (144A) (h) | 172195 | &nbsp;&nbsp;&nbsp; 172304 |
| Dryden 86 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.798%, 3M TSFR + 1.130%, 07/17/34 (144A) (h) | 1500000 | &nbsp;&nbsp;&nbsp; 1500000 |
| Dryden 95 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.696%, 3M TSFR + 1.040%, 08/20/34 (144A) (h) | 2500000 | &nbsp;&nbsp;&nbsp; 2497368 |
| Dunedin Park CLO DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.986%, 3M EURIBOR + 0.980%, 11/20/34 (144A) <br> (EUR) (h)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1153562 |

---

**BHFTI-241**

------

**Brighthouse Funds Trust I**

**PIMCO Inflation Protected Bond 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)** |
| Elevation CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.798%, 3M TSFR + 1.130%, 07/25/34 (144A) (h) | 700000 | &nbsp;&nbsp;&nbsp; $697936 |
| Ellington Loan Acquisition Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.893%, 1M TSFR + 1.214%, 05/25/37 (144A) (h) | 603692 | &nbsp;&nbsp;&nbsp; 592865 |
| First Franklin Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.913%, 1M TSFR + 0.234%, 12/25/36 (h) | 6933153 | &nbsp;&nbsp;&nbsp; 6324480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.103%, 1M TSFR + 0.424%, 07/25/36 (h) | 1051223 | &nbsp;&nbsp;&nbsp; 1027205 |
| Gallatin CLO VIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.024%, 3M TSFR + 1.352%, 07/15/31 (144A) (h) | 185801 | &nbsp;&nbsp;&nbsp; 185928 |
| GSAMP Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.528%, 1M TSFR + 0.849%, 09/25/35 (h) | 53703 | &nbsp;&nbsp;&nbsp; 53364 |
| Jamestown CLO XVIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.938%, 3M TSFR + 1.270%, 07/25/35 (144A) (h) | 600000 | &nbsp;&nbsp;&nbsp; 599288 |
| JP Morgan Mortgage Acquisition Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.213%, 1M TSFR + 0.534%, 10/25/36 (h) | 7978 | &nbsp;&nbsp;&nbsp; 7969 |
| KKR CLO 11 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.114%, 3M TSFR + 1.442%, 01/15/31 (144A) (h) | 35275 | &nbsp;&nbsp;&nbsp; 35275 |
| LoanCore Issuer Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.222%, SOFR30A + 1.550%, 01/17/37 (144A) (h) | 359031 | &nbsp;&nbsp;&nbsp; 359052 |
| Long Beach Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.033%, 1M TSFR + 0.354%, 08/25/36 (h) | 785888 | &nbsp;&nbsp;&nbsp; 307745 |
| Madison Park Euro Funding IX DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.896%, 3M EURIBOR + 0.880%, 07/15/35 (144A) <br> (EUR) (h)<br>| 700000 | &nbsp;&nbsp;&nbsp; 805109 |
| Madison Park Funding XXXIX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.919%, 3M TSFR + 1.250%, 10/22/34 (144A) (h) | 300000 | &nbsp;&nbsp;&nbsp; 299682 |
| Man GLG Euro CLO V DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.840%, 3M EURIBOR + 0.690%, 12/15/31 (144A) <br> (EUR) (h)<br>| 92417 | &nbsp;&nbsp;&nbsp; 106791 |
| Marble Point CLO XXII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.888%, 3M TSFR + 1.220%, 07/25/34 (144A) (h) | 1600000 | &nbsp;&nbsp;&nbsp; 1597602 |
| MF1 LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.827%, 1M TSFR + 2.150%, 06/19/37 (144A) (h) | 1089055 | &nbsp;&nbsp;&nbsp; 1089393 |
| MF1 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.874%, 1M TSFR + 1.194%, 10/16/36 (144A) (h) | 119657 | &nbsp;&nbsp;&nbsp; 119636 |
| Morgan Stanley ABS Capital I, Inc. Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.768%, 1M TSFR + 1.089%, 07/25/34 (h) | 35336 | &nbsp;&nbsp;&nbsp; 38053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.843%, 1M TSFR + 1.164%, 06/25/35 (h) | 1232000 | &nbsp;&nbsp;&nbsp; 1158394 |
| Morgan Stanley IXIS Real Estate Capital Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.843%, 1M TSFR + 0.164%, 11/25/36 (h) | 482 | &nbsp;&nbsp;&nbsp; 155 |
| Northwoods Capital XII-B Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.864%, 3M TSFR + 1.190%, 06/15/31 (144A) (h) | 186653 | &nbsp;&nbsp;&nbsp; 186584 |
| OZLM XXIV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.089%, 3M TSFR + 1.422%, 07/20/32 (144A) (h) | 62017 | &nbsp;&nbsp;&nbsp; 62026 |
| Palmer Square European Loan Funding DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.954%, 3M EURIBOR + 0.970%, 08/15/33 (144A) <br> (EUR) (h)<br>| 619810 | &nbsp;&nbsp;&nbsp; 716054 |
| Palmer Square Loan Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.489%, 3M TSFR + 0.820%, 01/15/33 (144A) (h) | 4800000 | &nbsp;&nbsp;&nbsp; 4799976 |
| &nbsp;&nbsp;&nbsp;&nbsp; Park Place Securities, Inc. Asset-Backed Pass-Through <br> Certificates<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.528%, 1M TSFR + 0.849%, 09/25/35 (h) | 32971 | &nbsp;&nbsp;&nbsp; 32571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.843%, 1M TSFR + 1.164%, 10/25/34 (h) | 754527 | &nbsp;&nbsp;&nbsp; 749554 |
| Pikes Peak CLO 4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.882%, 3M TSFR + 1.210%, 07/15/34 (144A) (h) | 4300000 | &nbsp;&nbsp;&nbsp; 4295881 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| Providus CLO IV DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.846%, 3M EURIBOR + 0.820%, 04/20/34 (144A) <br> (EUR) (h)<br>| 2775072 | &nbsp;&nbsp;&nbsp; $3207568 |
| Rockford Tower Europe CLO DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.271%, 3M EURIBOR + 1.260%, 08/29/36 (144A) <br> (EUR) (h)<br>| 1500000 | &nbsp;&nbsp;&nbsp; 1726367 |
| Saxon Asset Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.103%, 1M TSFR + 0.424%, 09/25/37 (h) | 294099 | &nbsp;&nbsp;&nbsp; 286197 |
| Securitized Asset-Backed Receivables LLC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.943%, 1M TSFR + 0.414%, 07/25/36 (h) | 256330 | &nbsp;&nbsp;&nbsp; 96328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.113%, 1M TSFR + 0.434%, 07/25/36 (h) | 2896472 | &nbsp;&nbsp;&nbsp; 923145 |
| Silver Rock CLO II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.708%, 3M TSFR + 1.040%, 01/20/35 (144A) (h) | 1100000 | &nbsp;&nbsp;&nbsp; 1098008 |
| Sound Point CLO IX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.139%, 3M TSFR + 1.472%, 07/20/32 (144A) (h) | 706673 | &nbsp;&nbsp;&nbsp; 706758 |
| Soundview Home Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.913%, 1M TSFR + 0.234%, 11/25/36 (144A) (h) | 37479 | &nbsp;&nbsp;&nbsp; 9818 |
| St. Paul's CLO X DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.827%, 3M EURIBOR + 0.800%, 04/22/35 (144A) <br> (EUR) (h)<br>| 748731 | &nbsp;&nbsp;&nbsp; 863028 |
| TRTX Issuer Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.328%, 1M TSFR + 1.650%, 02/15/39 (144A) (h) | 407675 | &nbsp;&nbsp;&nbsp; 407673 |
| U.S. Small Business Administration |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.510%, 11/01/27 | 99317 | &nbsp;&nbsp;&nbsp; 99802 |
| Venture 33 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.994%, 3M TSFR + 1.322%, 07/15/31 (144A) (h) | 31669 | &nbsp;&nbsp;&nbsp; 31662 |
| Venture 44 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.808%, 3M TSFR + 1.140%, 10/20/34 (144A) (h) | 500000 | &nbsp;&nbsp;&nbsp; 498133 |
|  |  | &nbsp;&nbsp;&nbsp; 71344853 |
| **Asset-Backed - Student Loan — 0.4%** | **Asset-Backed - Student Loan — 0.4%** | **Asset-Backed - Student Loan — 0.4%** |
| Nelnet Student Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.610%, 02/21/61 (144A) | 3452636 | &nbsp;&nbsp;&nbsp; 3406019 |
| SLM Student Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.699%, SOFR90A + 0.812%, 10/25/64 (144A) (h) | 1401196 | &nbsp;&nbsp;&nbsp; 1402744 |
|  |  | &nbsp;&nbsp;&nbsp; 4808763 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities <br>(Cost $87,751,132) <br>|  | &nbsp;&nbsp;&nbsp; 89116387 |
| **Foreign Government—6.0%** | **Foreign Government—6.0%** | **Foreign Government—6.0%** |
| **Sovereign — 6.0%** | **Sovereign — 6.0%** | **Sovereign — 6.0%** |
| Canada Government Real Return Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 12/01/26 (CAD) (b) | 9017856 | &nbsp;&nbsp;&nbsp; 6691079 |
| French Republic Government Bonds OAT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.100%, 07/25/31 (144A) (EUR) (b) | 1953312 | &nbsp;&nbsp;&nbsp; 2188178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.100%, 07/25/38 (144A) (EUR) (b) | 119867 | &nbsp;&nbsp;&nbsp; 114825 |
| Italy Buoni Poliennali Del Tesoro |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.400%, 05/15/30 (144A) (EUR) (b) | 2351877 | &nbsp;&nbsp;&nbsp; 2691352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.800%, 05/15/36 (144A) (EUR) (b) | 931248 | &nbsp;&nbsp;&nbsp; 1082363 |
| Japan Government CPI-Linked Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.005%, 03/10/34 (JPY) (b) | 52662000 | &nbsp;&nbsp;&nbsp; 320431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.005%, 03/10/35 (JPY) (b) | 1032714900 | &nbsp;&nbsp;&nbsp; 6225363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.100%, 03/10/28 (JPY) (b) | 1772178260 | &nbsp;&nbsp;&nbsp; 11194839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.100%, 03/10/29 (JPY) (b) | 2621824810 | &nbsp;&nbsp;&nbsp; 16454579 |

---

**BHFTI-242**

------

**Brighthouse Funds Trust I**

**PIMCO Inflation Protected Bond 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)** |
| Japan Government Thirty Year Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 12/20/55 (JPY) | 1160000000 | &nbsp;&nbsp;&nbsp; $6959269 |
| Mexico Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 07/02/32 | 400000 | &nbsp;&nbsp;&nbsp; 401440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 01/29/38 | 300000 | &nbsp;&nbsp;&nbsp; 305700 |
| U.K. Gilts |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/22/31 (GBP) | 22300000 | &nbsp;&nbsp;&nbsp; 28776327 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Foreign Government <br>(Cost $91,553,533) <br>|  | &nbsp;&nbsp;&nbsp; 83405745 |
| **Non-Agency Mortgage-Backed Securities—1.4%** | **Non-Agency Mortgage-Backed Securities—1.4%** | **Non-Agency Mortgage-Backed Securities—1.4%** |
| **Collateralized Mortgage Obligations — 1.3%** | **Collateralized Mortgage Obligations — 1.3%** | **Collateralized Mortgage Obligations — 1.3%** |
| Alternative Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.153%, 1M TSFR + 0.474%, 05/25/47 (h) | 91063 | &nbsp;&nbsp;&nbsp; 84944 |
| Banc of America Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.710%, 02/20/36 (h) | 79907 | &nbsp;&nbsp;&nbsp; 76722 |
| Banc of America Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.054%, 09/25/35 (h) | 16488 | &nbsp;&nbsp;&nbsp; 14822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.297%, 06/25/35 (h) | 16348 | &nbsp;&nbsp;&nbsp; 14820 |
| Bear Stearns ALT-A Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.113%, 1M TSFR + 0.434%, 02/25/34 (h) | 28946 | &nbsp;&nbsp;&nbsp; 27541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.718%, 09/25/35 (h) | 343585 | &nbsp;&nbsp;&nbsp; 179042 |
| Bear Stearns ARM Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.503%, 03/25/35 (h) | 77832 | &nbsp;&nbsp;&nbsp; 71740 |
| Chase Mortgage Finance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/25/37 (h) | 12458 | &nbsp;&nbsp;&nbsp; 12194 |
| CHL Mortgage Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.373%, 1M TSFR + 0.694%, 04/25/35 (h) | 175381 | &nbsp;&nbsp;&nbsp; 169401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/25/37 | 765884 | &nbsp;&nbsp;&nbsp; 311767 |
| Citigroup Mortgage Loan Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.492%, 03/25/37 (h) | 966104 | &nbsp;&nbsp;&nbsp; 840380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.748%, 08/25/35 (h) | 334 | &nbsp;&nbsp;&nbsp; 339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.490%, 1Y H15 + 2.400%, 05/25/35 (h) | 689 | &nbsp;&nbsp;&nbsp; 699 |
| Countrywide Alternative Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.970%, 1M TSFR + 0.294%, 02/20/47 (h) | 320034 | &nbsp;&nbsp;&nbsp; 261172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.033%, 1M TSFR + 0.354%, 06/25/36 (h) | 808009 | &nbsp;&nbsp;&nbsp; 781389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.353%, 1M TSFR + 0.674%, 12/25/35 (h) | 12584 | &nbsp;&nbsp;&nbsp; 12017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/25/35 | 102961 | &nbsp;&nbsp;&nbsp; 53434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/25/25 | 294853 | &nbsp;&nbsp;&nbsp; 232685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/25/37 | 3018882 | &nbsp;&nbsp;&nbsp; 950311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/25/37 | 402949 | &nbsp;&nbsp;&nbsp; 338713 |
| CSMC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.629%, 11/30/37 (144A) (h) | 1769678 | &nbsp;&nbsp;&nbsp; 1634452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.945%, 10/26/36 (144A) (h) | 30121 | &nbsp;&nbsp;&nbsp; 27193 |
| Deutsche Alt-B Securities, Inc. Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.893%, 1M TSFR + 0.214%, 10/25/36 (h) | 6940 | &nbsp;&nbsp;&nbsp; 5781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.369%, 10/25/36 (j) | 121223 | &nbsp;&nbsp;&nbsp; 105349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.386%, 10/25/36 (j) | 121223 | &nbsp;&nbsp;&nbsp; 105347 |
| Eurosail-U.K. PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.815%, SONIA + 1.069%, 06/13/45 (GBP) (h) | 228431 | &nbsp;&nbsp;&nbsp; 301999 |
| First Horizon Alternative Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.603%, 06/25/34 (h) | 36041 | &nbsp;&nbsp;&nbsp; 36225 |
| GreenPoint Mortgage Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.153%, 1M TSFR + 0.474%, 09/25/46 (h) | 218160 | &nbsp;&nbsp;&nbsp; 206332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.333%, 1M TSFR + 0.654%, 11/25/45 (h) | 43890 | &nbsp;&nbsp;&nbsp; 42338 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** |
| GreenPoint MTA Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.233%, 1M TSFR + 0.554%, 06/25/45 (h) | 55053 | &nbsp;&nbsp;&nbsp; $49128 |
| GSR Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.111%, 05/25/35 (h) | 94631 | &nbsp;&nbsp;&nbsp; 69427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.454%, 11/25/35 (h) | 85544 | &nbsp;&nbsp;&nbsp; 72917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.860%, 09/25/35 (h) | 28486 | &nbsp;&nbsp;&nbsp; 27440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.163%, 12/25/34 (h) | 112651 | &nbsp;&nbsp;&nbsp; 106237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.449%, 01/25/35 (h) | 19166 | &nbsp;&nbsp;&nbsp; 18383 |
| HarborView Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.171%, 1M TSFR + 0.494%, 09/19/37 (h) | 12381 | &nbsp;&nbsp;&nbsp; 10940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.231%, 1M TSFR + 0.554%, 05/19/35 (h) | 20952 | &nbsp;&nbsp;&nbsp; 20378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.351%, 1M TSFR + 0.674%, 02/19/36 (h) | 65246 | &nbsp;&nbsp;&nbsp; 26380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.690%, 1M TSFR + 1.014%, 06/20/35 (h) | 106147 | &nbsp;&nbsp;&nbsp; 99820 |
| IndyMac INDA Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.041%, 11/25/35 (h) | 13766 | &nbsp;&nbsp;&nbsp; 16354 |
| JP Morgan Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.942%, 07/27/37 (144A) (h) | 173117 | &nbsp;&nbsp;&nbsp; 159531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.968%, 07/25/35 (h) | 23833 | &nbsp;&nbsp;&nbsp; 22922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.094%, 08/25/35 (h) | 51389 | &nbsp;&nbsp;&nbsp; 45860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.133%, 02/25/35 (h) | 29680 | &nbsp;&nbsp;&nbsp; 29048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.182%, 09/25/35 (h) | 7140 | &nbsp;&nbsp;&nbsp; 7001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.938%, 08/25/35 (h) | 33779 | &nbsp;&nbsp;&nbsp; 32275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.222%, 07/25/35 (h) | 6702 | &nbsp;&nbsp;&nbsp; 6724 |
| Lehman XS Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.333%, 1M TSFR + 0.654%, 12/25/35 (h) | 47540 | &nbsp;&nbsp;&nbsp; 45566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.093%, 1M TSFR + 2.414%, 12/25/37 (h) | 1475959 | &nbsp;&nbsp;&nbsp; 1504458 |
| MASTR Adjustable Rate Mortgages Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.066%, 12/25/33 (h) | 10583 | &nbsp;&nbsp;&nbsp; 9825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.598%, 11/21/34 (h) | 20922 | &nbsp;&nbsp;&nbsp; 20854 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mellon Residential Funding Corp. Mortgage Pass-Through <br> Certificates<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.487%, 1M TSFR + 0.814%, 11/15/31 (h) | 17465 | &nbsp;&nbsp;&nbsp; 17008 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mellon Residential Funding Corp. Mortgage Pass-Through <br> Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.227%, 1M TSFR + 0.554%, 12/15/30 (h) | 2724 | &nbsp;&nbsp;&nbsp; 2672 |
| Mill City Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 08/25/59 (144A) (h) | 223336 | &nbsp;&nbsp;&nbsp; 217697 |
| New Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 07/25/59 (144A) (h) | 2304619 | &nbsp;&nbsp;&nbsp; 2233032 |
| &nbsp;&nbsp;&nbsp;&nbsp; Opteum Mortgage Acceptance Corp. Asset-Backed Pass-<br> Through Certificates<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.843%, 1M TSFR + 1.164%, 04/25/35 (h) | 810993 | &nbsp;&nbsp;&nbsp; 809997 |
| RALI Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.093%, 1M TSFR + 0.414%, 08/25/35 (h) | 38616 | &nbsp;&nbsp;&nbsp; 26298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.788%, 10/25/37 (h) | 518804 | &nbsp;&nbsp;&nbsp; 412912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.219%, 12M MTA + 1.360%, 09/25/45 (h) | 32760 | &nbsp;&nbsp;&nbsp; 28344 |
| Reperforming Loan Trust REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.133%, 1M TSFR + 0.454%, 06/25/35 (144A) (h) | 12786 | &nbsp;&nbsp;&nbsp; 12452 |
| Residential Asset Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 09/25/36 | 264054 | &nbsp;&nbsp;&nbsp; 74188 |
| Sequoia Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.190%, 1M TSFR + 0.514%, 07/20/36 (h) | 113399 | &nbsp;&nbsp;&nbsp; 97461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.491%, 1M TSFR + 0.814%, 10/19/26 (h) | 6129 | &nbsp;&nbsp;&nbsp; 6098 |
| Structured Adjustable Rate Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.259%, 12M MTA + 1.400%, 01/25/35 (h) | 34353 | &nbsp;&nbsp;&nbsp; 32028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.939%, 02/25/34 (h) | 14904 | &nbsp;&nbsp;&nbsp; 14466 |

---

**BHFTI-243**

------

**Brighthouse Funds Trust I**

**PIMCO Inflation Protected Bond 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)** |
| Structured Asset Mortgage Investments II Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.173%, 1M TSFR + 0.494%, 06/25/36 (h) | 8058 | &nbsp;&nbsp;&nbsp; $7943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.213%, 1M TSFR + 0.534%, 05/25/36 (h) | 11527 | &nbsp;&nbsp;&nbsp; 8127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.291%, 1M TSFR + 0.614%, 07/19/35 (h) | 35556 | &nbsp;&nbsp;&nbsp; 33353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.451%, 1M TSFR + 0.774%, 10/19/34 (h) | 11624 | &nbsp;&nbsp;&nbsp; 11275 |
| TBW Mortgage-Backed Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.515%, 07/25/37 (j) | 124468 | &nbsp;&nbsp;&nbsp; 45024 |
| Towd Point Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.793%, 1M TSFR + 1.114%, 10/25/59 (144A) (h) | 318031 | &nbsp;&nbsp;&nbsp; 317946 |
| Wachovia Mortgage Loan Trust LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.682%, 1M TSFR + 0.574%, 01/25/37 (h) | 1358275 | &nbsp;&nbsp;&nbsp; 456717 |
| WaMu Mortgage Pass-Through Certificates Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.829%, 12M MTA + 0.810%, 12/25/46 (h) | 23420 | &nbsp;&nbsp;&nbsp; 21056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.988%, 11/25/36 (h) | 2736149 | &nbsp;&nbsp;&nbsp; 2486742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.629%, 12M MTA + 0.770%, 05/25/47 (h) | 124471 | &nbsp;&nbsp;&nbsp; 107486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.688%, 12/25/35 (h) | 19625 | &nbsp;&nbsp;&nbsp; 18355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.859%, 12M MTA + 1.000%, 02/25/46 (h) | 44993 | &nbsp;&nbsp;&nbsp; 41805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.859%, 12M MTA + 1.000%, 08/25/46 (h) | 1219895 | &nbsp;&nbsp;&nbsp; 1150771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.907%, 12M MTA + 1.048%, 07/25/46 (h) | 226957 | &nbsp;&nbsp;&nbsp; 210367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.059%, 12M MTA + 1.200%, 11/25/42 (h) | 3233 | &nbsp;&nbsp;&nbsp; 3135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.359%, 12M MTA + 1.500%, 11/25/46 (h) | 86307 | &nbsp;&nbsp;&nbsp; 78228 |
| Wells Fargo Mortgage-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.715%, 04/25/36 (h) | 19730 | &nbsp;&nbsp;&nbsp; 19655 |
|  |  | &nbsp;&nbsp;&nbsp; 18303254 |
| **Commercial Mortgage-Backed Securities — 0.1%** | **Commercial Mortgage-Backed Securities — 0.1%** | **Commercial Mortgage-Backed Securities — 0.1%** |
| ACRES LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.299%, 1M TSFR + 1.619%, 08/18/40 (144A) (h) | 500000 | &nbsp;&nbsp;&nbsp; 500646 |
| JP Morgan Chase Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.170%, 1M TSFR + 1.497%, 12/15/31 (144A) (h) | 551299 | &nbsp;&nbsp;&nbsp; 550340 |
|  |  | &nbsp;&nbsp;&nbsp; 1050986 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Non-Agency Mortgage-Backed Securities <br>(Cost $21,362,024) <br>|  | &nbsp;&nbsp;&nbsp; 19354240 |
| **Corporate Bonds & Notes—0.9%** | **Corporate Bonds & Notes—0.9%** | **Corporate Bonds & Notes—0.9%** |
| **Banks — 0.2%** | **Banks — 0.2%** | **Banks — 0.2%** |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 3M TSFR + 3.193%, 03/15/28 (h) | 1570000 | &nbsp;&nbsp;&nbsp; 1571342 |
| Nykredit Realkredit AS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 10/01/52 (DKK) | 282545 | &nbsp;&nbsp;&nbsp; 33780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 10/01/53 (DKK) | 497745 | &nbsp;&nbsp;&nbsp; 51212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/01/47 (DKK) | 4754 | &nbsp;&nbsp;&nbsp; 677 |
| UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.650%, 1Y EUR Swap + 0.770%, 01/14/28 (EUR) (h) | 100000 | &nbsp;&nbsp;&nbsp; 113526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.000%, 1Y EUR Swap + 1.050%, 06/24/27 (EUR) (h) | 100000 | &nbsp;&nbsp;&nbsp; 115177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.125%, 1Y UKG + 1.550%, 11/15/29 (GBP) (h) | 100000 | &nbsp;&nbsp;&nbsp; 122356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 1Y UKG + 4.200%, 09/30/27 (GBP) (h) | 100000 | &nbsp;&nbsp;&nbsp; 133788 |
|  |  | &nbsp;&nbsp;&nbsp; 2141858 |
| **Diversified Financial Services — 0.2%** | **Diversified Financial Services — 0.2%** | **Diversified Financial Services — 0.2%** |
| Avolon Holdings Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.528%, 11/18/27 (144A) | 51000 | &nbsp;&nbsp;&nbsp; 49272 |
| Credicorp Capital Sociedad Titulizadora SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.700%, 03/05/45 (144A) (PEN) | 900000 | &nbsp;&nbsp;&nbsp; 273241 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***/<br> **Shares**<br>| <br>**Value**<br>|
| **Diversified Financial Services—(Continued)** | **Diversified Financial Services—(Continued)** | **Diversified Financial Services—(Continued)** |
| Jyske Realkredit AS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.500%, 10/01/43 (DKK) | 48150 | &nbsp;&nbsp;&nbsp; $6101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 10/01/53 (DKK) | 1728616 | &nbsp;&nbsp;&nbsp; 203581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/53 (DKK) | 7258795 | &nbsp;&nbsp;&nbsp; 837072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/01/47 (DKK) | 3123 | &nbsp;&nbsp;&nbsp; 446 |
| Nordea Kredit Realkreditaktieselskab |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 10/01/53 (DKK) | 2559304 | &nbsp;&nbsp;&nbsp; 271327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/53 (DKK) | 4299311 | &nbsp;&nbsp;&nbsp; 497784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/53 (144A) (DKK) | 698508 | &nbsp;&nbsp;&nbsp; 89814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/01/47 (DKK) | 808 | &nbsp;&nbsp;&nbsp; 116 |
| Realkredit Danmark AS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 10/01/53 (DKK) | 3963759 | &nbsp;&nbsp;&nbsp; 486844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/53 (DKK) | 562565 | &nbsp;&nbsp;&nbsp; 65135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/01/47 (DKK) | 7608 | &nbsp;&nbsp;&nbsp; 1091 |
|  |  | &nbsp;&nbsp;&nbsp; 2781824 |
| **Internet — 0.5%** | **Internet — 0.5%** | **Internet — 0.5%** |
| Beignet Investor LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.581%, 05/30/49 (144A) | 7400000 | &nbsp;&nbsp;&nbsp; 7608356 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $13,043,666) <br>|  | &nbsp;&nbsp;&nbsp; 12532038 |

---

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

---

| | | |
|:---|:---|:---|
| **Convertible Preferred Stocks—0.0%** | **Convertible Preferred Stocks—0.0%** | **Convertible Preferred Stocks—0.0%** |
| **Banks — 0.0%** | **Banks — 0.0%** | **Banks — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo & Co.- Series L, 7.500% <br>(Cost $900,000)<br>| 900 | &nbsp;&nbsp;&nbsp; 1039500 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—63.2%** | **Short-Term Investments—63.2%** | **Short-Term Investments—63.2%** |
| **Repurchase Agreements—63.2%** | **Repurchase Agreements—63.2%** | **Repurchase Agreements—63.2%** |
| Barclays Bank plc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.710%, due <br> on 04/02/26, with a maturity value of $493,050,806; <br> collateralized by U.S.Treasury Inflation-Indexed Note at <br> 0.125%, maturing 07/15/26, with a market value of <br> $503,080,756<br>| 493000000 | &nbsp;&nbsp;&nbsp; 493000000 |
| 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 $4,871,620; <br> collateralized by U.S. Treasury Note at 3.875%, <br> maturing 03/31/28, with a market value of <br> $4,968,800<br>| 4871282 | &nbsp;&nbsp;&nbsp; 4871282 |
| JPMorgan Securities LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.710%, due <br> on 04/02/26, with a maturity value of $377,738,924; <br> collateralized by U.S. Treasury Obligations with rates <br> ranging from 2.125%- 4.000%, with maturity dates <br> ranging from 02/28/30 -01/15/35, and an aggregate <br> market value of $383,895,963<br>| 377700000 | &nbsp;&nbsp;&nbsp; 377700000 |

---

**BHFTI-244**

------

**Brighthouse Funds Trust I**

**PIMCO Inflation Protected 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)** |
| JPMorgan Securities LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.720%, due <br> on 04/01/26, with a maturity value of $5,400,558; <br> collateralized by U.S. Treasury Note at 3.875%, <br> maturing at 03/31/28, with a market value of <br> $5,511,369<br>| 5400000 | &nbsp;&nbsp;&nbsp; $5400000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $880,971,282) <br>|  | &nbsp;&nbsp;&nbsp; 880971282 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—192.6% <br>(Cost $2,824,651,330) <br>|  | &nbsp;&nbsp;&nbsp; 2686395688 |
| Other assets and liabilities (net)—(92.6)%  |  | &nbsp;&nbsp;&nbsp; (1291838466)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1394557222 |

---

&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 pledged as collateral for TBA securities. As of March 31, 2026, the market value of securities pledged was $3,998,375. 

(b) Principal amount of security is adjusted for inflation.

(c) All or a portion of this security has been transferred in a secured borrowing transaction.

(d) All or a portion of the security was pledged as collateral against open reverse repurchase agreements. As of March 31, 2026, the market value of securities pledged 

---

| | |
|:---|:---|
|  | was $230,964,675. |
| (e) | 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 $1,232,932.<br>|
| (f) | 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 $10,844,183.<br>|
| (g) | 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 $4,738,072.<br>|
| (h) | 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>|
| (i) | 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>|
| (j) | 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> $82,135,003, which is 5.9% of net assets.<br>|

---

**Reverse Repurchase Agreements** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Interest** <br>**Rate**<br>| **Settlement** <br>**Date**<br>| **Maturity** <br>**Date**<br>| **Principal Amount** | **Principal Amount** | **Net Closing** <br>**Amount**<br>|
| Deutsche Bank Securities, Inc. | 3.760<br> %<br>| &nbsp;&nbsp; 03/05/26 | &nbsp;&nbsp; 04/16/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; (129081000)<br>| &nbsp;&nbsp; $(129081000)<br>|
| Deutsche Bank Securities, Inc. | 3.770<br> %<br>| &nbsp;&nbsp; 03/24/26 | &nbsp;&nbsp; 04/07/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; (62073625)<br>| &nbsp;&nbsp; (62073625)<br>|
| Deutsche Bank Securities, Inc. | 3.770<br> %<br>| &nbsp;&nbsp; 03/04/26 | &nbsp;&nbsp; 04/08/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; (25038000)<br>| &nbsp;&nbsp; (25038000)<br>|
| JPMorgan Securities LLC | 3.760<br> %<br>| &nbsp;&nbsp; 03/17/26 | &nbsp;&nbsp; 04/21/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; (9265500)<br>| &nbsp;&nbsp; (9265500)<br>|
| JPMorgan Securities LLC | 3.760<br> %<br>| &nbsp;&nbsp; 03/12/26 | &nbsp;&nbsp; 04/23/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; (8229375)<br>| &nbsp;&nbsp; (8229375)<br>|
| Total |  |  |  |  |  | &nbsp;&nbsp; $(233687500)<br>|

---

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

**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; 11084000 | DBAG | 04/02/26 | USD | 7603624 | &nbsp;&nbsp; $43784 |
| AUD | &nbsp;&nbsp; 2205000 | JPMC | 04/02/26 | USD | 1554091 | &nbsp;&nbsp; (32751)<br>|
| AUD | &nbsp;&nbsp; 2014000 | JPMC | 04/02/26 | USD | 1401968 | &nbsp;&nbsp; (12409)<br>|
| BRL | &nbsp;&nbsp; 7046 | BOA | 04/02/26 | USD | 1346 | &nbsp;&nbsp; 14 |
| BRL | &nbsp;&nbsp; 11295563 | BNP | 04/02/26 | USD | 2164150 | &nbsp;&nbsp; 16524 |
| BRL | &nbsp;&nbsp; 5453517 | BNP | 05/05/26 | USD | 1040000 | &nbsp;&nbsp; 6444 |
| BRL | &nbsp;&nbsp; 7071 | GSBU | 04/02/26 | USD | 1343 | &nbsp;&nbsp; 22 |
| BRL | &nbsp;&nbsp; 14081 | GSBU | 04/02/26 | USD | 2685 | &nbsp;&nbsp; 33 |
| BRL | &nbsp;&nbsp; 19217 | GSBU | 04/02/26 | USD | 3650 | &nbsp;&nbsp; 60 |
| BRL | &nbsp;&nbsp; 105215992 | GSBU | 04/02/26 | USD | 20216544 | &nbsp;&nbsp; 96012 |
| BRL | &nbsp;&nbsp; 92826806 | GSBU | 07/02/26 | USD | 17146964 | &nbsp;&nbsp; 411755 |

---

**BHFTI-245**

------

**Brighthouse Funds Trust I**

**PIMCO Inflation Protected Bond 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>|
| CAD | &nbsp;&nbsp; 29889 | BOA | 05/04/26 | USD | 21488 | &nbsp;&nbsp; $29 |
| CAD | &nbsp;&nbsp; 25959189 | BBP | 04/02/26 | USD | 18718769 | &nbsp;&nbsp; (57024)<br>|
| CHF | &nbsp;&nbsp; 566000 | JPMC | 04/02/26 | USD | 726214 | &nbsp;&nbsp; (18360)<br>|
| CHF | &nbsp;&nbsp; 603000 | JPMC | 04/02/26 | USD | 766457 | &nbsp;&nbsp; (12330)<br>|
| CHF | &nbsp;&nbsp; 1701936 | SG | 04/02/26 | USD | 2123174 | &nbsp;&nbsp; 5311 |
| CNH | &nbsp;&nbsp; 1173000 | BOA | 04/02/26 | USD | 170109 | &nbsp;&nbsp; 195 |
| CNH | &nbsp;&nbsp; 3510000 | CBNA | 04/02/26 | USD | 509319 | &nbsp;&nbsp; 289 |
| CNH | &nbsp;&nbsp; 1322627 | DBAG | 04/02/26 | USD | 191250 | &nbsp;&nbsp; 779 |
| CNH | &nbsp;&nbsp; 3108000 | GSBU | 04/02/26 | USD | 452653 | &nbsp;&nbsp; (1411)<br>|
| CNH | &nbsp;&nbsp; 1391644 | JPMC | 04/02/26 | USD | 201113 | &nbsp;&nbsp; 936 |
| COP | &nbsp;&nbsp; 5580589890 | CBNA | 08/18/26 | USD | 1467900 | &nbsp;&nbsp; 5052 |
| COP | &nbsp;&nbsp; 5563252283 | CBNA | 09/16/26 | USD | 1437013 | &nbsp;&nbsp; 21410 |
| EUR | &nbsp;&nbsp; 19015000 | JPMC | 04/02/26 | USD | 22471189 | &nbsp;&nbsp; (492697)<br>|
| EUR | &nbsp;&nbsp; 621000 | JPMC | 04/02/26 | USD | 715223 | &nbsp;&nbsp; 2560 |
| EUR | &nbsp;&nbsp; 1340000 | SG | 04/02/26 | USD | 1585475 | &nbsp;&nbsp; (36635)<br>|
| EUR | &nbsp;&nbsp; 33942539 | SG | 04/02/26 | USD | 39169690 | &nbsp;&nbsp; 62801 |
| GBP | &nbsp;&nbsp; 786000 | BNP | 04/02/26 | USD | 1049485 | &nbsp;&nbsp; (9135)<br>|
| GBP | &nbsp;&nbsp; 1275000 | JPMC | 04/02/26 | USD | 1691919 | &nbsp;&nbsp; (4328)<br>|
| GBP | &nbsp;&nbsp; 17519682 | SG | 04/02/26 | USD | 23117220 | &nbsp;&nbsp; 71839 |
| IDR | &nbsp;&nbsp; 11538686350 | BNP | 04/13/26 | USD | 683450 | &nbsp;&nbsp; (4625)<br>|
| IDR | &nbsp;&nbsp; 3656790194 | BNP | 04/13/26 | USD | 216551 | &nbsp;&nbsp; (1421)<br>|
| IDR | &nbsp;&nbsp; 11396379760 | BNP | 04/16/26 | USD | 673744 | &nbsp;&nbsp; (3332)<br>|
| IDR | &nbsp;&nbsp; 5728885178 | BNP | 04/16/26 | USD | 338757 | &nbsp;&nbsp; (1745)<br>|
| IDR | &nbsp;&nbsp; 5763680000 | BNP | 04/17/26 | USD | 340000 | &nbsp;&nbsp; (948)<br>|
| IDR | &nbsp;&nbsp; 14992050000 | BNP | 04/27/26 | USD | 890000 | &nbsp;&nbsp; (8262)<br>|
| IDR | &nbsp;&nbsp; 22759892467 | BNP | 04/27/26 | USD | 1344000 | &nbsp;&nbsp; (5407)<br>|
| IDR | &nbsp;&nbsp; 12200400000 | BNP | 04/27/26 | USD | 720000 | &nbsp;&nbsp; (2449)<br>|
| IDR | &nbsp;&nbsp; 12322577050 | BNP | 04/27/26 | USD | 725000 | &nbsp;&nbsp; (264)<br>|
| IDR | &nbsp;&nbsp; 22804385990 | BNP | 05/04/26 | USD | 1344000 | &nbsp;&nbsp; (2980)<br>|
| IDR | &nbsp;&nbsp; 9100311694 | BNP | 06/10/26 | USD | 540049 | &nbsp;&nbsp; (5372)<br>|
| IDR | &nbsp;&nbsp; 6214246665 | CBNA | 06/10/26 | USD | 369834 | &nbsp;&nbsp; (4724)<br>|
| IDR | &nbsp;&nbsp; 31008342331 | GSBU | 06/10/26 | USD | 1838239 | &nbsp;&nbsp; (16384)<br>|
| IDR | &nbsp;&nbsp; 5696498789 | GSBU | 06/10/26 | USD | 334966 | &nbsp;&nbsp; (276)<br>|
| IDR | &nbsp;&nbsp; 2530020000 | JPMC | 06/10/26 | USD | 149376 | &nbsp;&nbsp; (728)<br>|
| ILS | &nbsp;&nbsp; 2040000 | BOA | 04/06/26 | USD | 661149 | &nbsp;&nbsp; (12222)<br>|
| ILS | &nbsp;&nbsp; 574000 | BOA | 06/10/26 | USD | 184084 | &nbsp;&nbsp; (1142)<br>|
| ILS | &nbsp;&nbsp; 220000 | BOA | 06/10/26 | USD | 70446 | &nbsp;&nbsp; (329)<br>|
| ILS | &nbsp;&nbsp; 2763000 | BNP | 04/06/26 | USD | 890158 | &nbsp;&nbsp; (11244)<br>|
| ILS | &nbsp;&nbsp; 1873323 | BNP | 04/06/26 | USD | 591448 | &nbsp;&nbsp; 4458 |
| ILS | &nbsp;&nbsp; 635000 | JPMC | 06/10/26 | USD | 204447 | &nbsp;&nbsp; (2064)<br>|
| INR | &nbsp;&nbsp; 118667535 | BOA | 04/24/26 | USD | 1261508 | &nbsp;&nbsp; (12723)<br>|
| INR | &nbsp;&nbsp; 195026812 | CBNA | 04/07/26 | USD | 2143564 | &nbsp;&nbsp; (87593)<br>|
| INR | &nbsp;&nbsp; 194922877 | CBNA | 04/07/26 | USD | 2141339 | &nbsp;&nbsp; (86464)<br>|
| INR | &nbsp;&nbsp; 174926797 | CBNA | 04/07/26 | USD | 1924546 | &nbsp;&nbsp; (80469)<br>|
| INR | &nbsp;&nbsp; 174874398 | CBNA | 04/07/26 | USD | 1923906 | &nbsp;&nbsp; (80382)<br>|
| INR | &nbsp;&nbsp; 175073483 | CBNA | 04/07/26 | USD | 1924995 | &nbsp;&nbsp; (79372)<br>|
| INR | &nbsp;&nbsp; 194965182 | CBNA | 04/07/26 | USD | 2126236 | &nbsp;&nbsp; (70915)<br>|
| INR | &nbsp;&nbsp; 192684715 | CBNA | 04/07/26 | USD | 2101824 | &nbsp;&nbsp; (70544)<br>|
| INR | &nbsp;&nbsp; 153940888 | CBNA | 04/07/26 | USD | 1690952 | &nbsp;&nbsp; (68109)<br>|
| INR | &nbsp;&nbsp; 121789834 | CBNA | 04/24/26 | USD | 1312921 | &nbsp;&nbsp; (31278)<br>|
| INR | &nbsp;&nbsp; 123646572 | CBNA | 04/24/26 | USD | 1331810 | &nbsp;&nbsp; (30628)<br>|
| INR | &nbsp;&nbsp; 91018978 | CBNA | 04/24/26 | USD | 980227 | &nbsp;&nbsp; (22398)<br>|
| INR | &nbsp;&nbsp; 95805163 | CBNA | 04/24/26 | USD | 1028162 | &nbsp;&nbsp; (19966)<br>|
| INR | &nbsp;&nbsp; 94424830 | CBNA | 04/24/26 | USD | 1007897 | &nbsp;&nbsp; (14227)<br>|
| INR | &nbsp;&nbsp; 188657174 | CBNA | 04/24/26 | USD | 1997905 | &nbsp;&nbsp; (12591)<br>|
| INR | &nbsp;&nbsp; 190229234 | CBNA | 04/24/26 | USD | 2014340 | &nbsp;&nbsp; (12482)<br>|
| INR | &nbsp;&nbsp; 39192567 | DBAG | 04/07/26 | USD | 425752 | &nbsp;&nbsp; (12584)<br>|
| INR | &nbsp;&nbsp; 114911871 | DBAG | 04/24/26 | USD | 1225792 | &nbsp;&nbsp; (16529)<br>|
| INR | &nbsp;&nbsp; 221584528 | DBAG | 04/24/26 | USD | 2329992 | &nbsp;&nbsp; 1830 |

---

**BHFTI-246**

------

**Brighthouse Funds Trust I**

**PIMCO Inflation Protected Bond 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>|
| INR | &nbsp;&nbsp; 89258234 | JPMC | 04/07/26 | USD | 967714 | &nbsp;&nbsp; $(26754)<br>|
| INR | &nbsp;&nbsp; 187759524 | JPMC | 04/24/26 | USD | 1993603 | &nbsp;&nbsp; (17735)<br>|
| JPY | &nbsp;&nbsp; 6636192713 | BOA | 04/02/26 | USD | 41593185 | &nbsp;&nbsp; 221456 |
| JPY | &nbsp;&nbsp; 184100000 | JPMC | 04/02/26 | USD | 1158690 | &nbsp;&nbsp; 1324 |
| KRW | &nbsp;&nbsp; 149287000 | BOA | 04/23/26 | USD | 100000 | &nbsp;&nbsp; (2475)<br>|
| KRW | &nbsp;&nbsp; 200785467 | BNP | 04/13/26 | USD | 136000 | &nbsp;&nbsp; (4869)<br>|
| KRW | &nbsp;&nbsp; 201659786 | BNP | 04/15/26 | USD | 132742 | &nbsp;&nbsp; (1033)<br>|
| KRW | &nbsp;&nbsp; 234679858 | BNP | 04/16/26 | USD | 157500 | &nbsp;&nbsp; (4220)<br>|
| KRW | &nbsp;&nbsp; 74660000 | BNP | 04/17/26 | USD | 50000 | &nbsp;&nbsp; (1235)<br>|
| KRW | &nbsp;&nbsp; 150512426 | BNP | 04/20/26 | USD | 100000 | &nbsp;&nbsp; (1683)<br>|
| MXN | &nbsp;&nbsp; 55835922 | BNP | 06/17/26 | USD | 3207339 | &nbsp;&nbsp; (111156)<br>|
| MXN | &nbsp;&nbsp; 9438819 | CBNA | 06/10/26 | USD | 526664 | &nbsp;&nbsp; (2947)<br>|
| MXN | &nbsp;&nbsp; 10254181 | CBNA | 06/10/26 | USD | 569756 | &nbsp;&nbsp; (798)<br>|
| MXN | &nbsp;&nbsp; 9174971 | CBNA | 09/17/26 | USD | 512935 | &nbsp;&nbsp; (8253)<br>|
| MXN | &nbsp;&nbsp; 2053201 | DBAG | 06/17/26 | USD | 118227 | &nbsp;&nbsp; (4374)<br>|
| MXN | &nbsp;&nbsp; 1368801 | DBAG | 06/17/26 | USD | 78818 | &nbsp;&nbsp; (2916)<br>|
| MXN | &nbsp;&nbsp; 16080000 | GSBU | 04/10/26 | USD | 872405 | &nbsp;&nbsp; 24466 |
| MXN | &nbsp;&nbsp; 12764000 | GSBU | 04/13/26 | USD | 690733 | &nbsp;&nbsp; 21007 |
| MXN | &nbsp;&nbsp; 21474000 | GSBU | 04/15/26 | USD | 1165130 | &nbsp;&nbsp; 32093 |
| MXN | &nbsp;&nbsp; 32451002 | GSBU | 06/17/26 | USD | 1860083 | &nbsp;&nbsp; (60627)<br>|
| MXN | &nbsp;&nbsp; 21152000 | GSBU | 06/17/26 | USD | 1187017 | &nbsp;&nbsp; (14108)<br>|
| MXN | &nbsp;&nbsp; 5856468 | JPMC | 04/09/26 | USD | 318148 | &nbsp;&nbsp; 8527 |
| MXN | &nbsp;&nbsp; 110356765 | JPMC | 04/20/26 | USD | 6162979 | &nbsp;&nbsp; (12924)<br>|
| MXN | &nbsp;&nbsp; 4349965 | JPMC | 09/17/26 | USD | 247946 | &nbsp;&nbsp; (8670)<br>|
| MXN | &nbsp;&nbsp; 38788249 | UBSA | 06/17/26 | USD | 2222351 | &nbsp;&nbsp; (71486)<br>|
| NZD | &nbsp;&nbsp; 1750000 | BBP | 04/02/26 | USD | 1012248 | &nbsp;&nbsp; (6610)<br>|
| PLN | &nbsp;&nbsp; 460342 | BBP | 04/15/26 | USD | 127929 | &nbsp;&nbsp; (3923)<br>|
| PLN | &nbsp;&nbsp; 3628470 | BNP | 04/15/26 | USD | 1006652 | &nbsp;&nbsp; (29226)<br>|
| PLN | &nbsp;&nbsp; 1193000 | BNP | 04/15/26 | USD | 330202 | &nbsp;&nbsp; (8835)<br>|
| PLN | &nbsp;&nbsp; 469279 | BNP | 04/15/26 | USD | 130264 | &nbsp;&nbsp; (3851)<br>|
| PLN | &nbsp;&nbsp; 307000 | BNP | 04/15/26 | USD | 85223 | &nbsp;&nbsp; (2524)<br>|
| PLN | &nbsp;&nbsp; 289000 | BNP | 04/15/26 | USD | 80117 | &nbsp;&nbsp; (2267)<br>|
| PLN | &nbsp;&nbsp; 2202000 | CBNA | 04/15/26 | USD | 608872 | &nbsp;&nbsp; (15704)<br>|
| PLN | &nbsp;&nbsp; 21117491 | DBAG | 04/22/26 | USD | 5813311 | &nbsp;&nbsp; (124820)<br>|
| PLN | &nbsp;&nbsp; 1144392 | UBSA | 04/15/26 | USD | 315942 | &nbsp;&nbsp; (7669)<br>|
| PLN | &nbsp;&nbsp; 12164941 | UBSA | 04/22/26 | USD | 3368418 | &nbsp;&nbsp; (91506)<br>|
| SEK | &nbsp;&nbsp; 10243212 | BBP | 04/02/26 | USD | 1128934 | &nbsp;&nbsp; (46903)<br>|
| SEK | &nbsp;&nbsp; 508278 | SG | 05/04/26 | USD | 53282 | &nbsp;&nbsp; 498 |
| SGD | &nbsp;&nbsp; 29087 | BNP | 04/02/26 | USD | 22739 | &nbsp;&nbsp; (115)<br>|
| SGD | &nbsp;&nbsp; 39911 | BNP | 04/02/26 | USD | 31004 | &nbsp;&nbsp; 39 |
| SGD | &nbsp;&nbsp; 22291589 | DBAG | 04/02/26 | USD | 17450750 | &nbsp;&nbsp; (112656)<br>|
| SGD | &nbsp;&nbsp; 51435 | JPMC | 04/02/26 | USD | 39872 | &nbsp;&nbsp; 133 |
| THB | &nbsp;&nbsp; 35196 | BNP | 04/20/26 | USD | 1111 | &nbsp;&nbsp; (42)<br>|
| THB | &nbsp;&nbsp; 8643960 | BNP | 05/05/26 | USD | 264000 | &nbsp;&nbsp; (1234)<br>|
| THB | &nbsp;&nbsp; 21924105 | DBAG | 04/16/26 | USD | 671281 | &nbsp;&nbsp; (5804)<br>|
| THB | &nbsp;&nbsp; 11048372 | DBAG | 04/17/26 | USD | 338270 | &nbsp;&nbsp; (2885)<br>|
| THB | &nbsp;&nbsp; 21585797 | GSBU | 04/16/26 | USD | 657903 | &nbsp;&nbsp; (2695)<br>|
| THB | &nbsp;&nbsp; 3658486 | GSBU | 04/16/26 | USD | 111383 | &nbsp;&nbsp; (335)<br>|
| TRY | &nbsp;&nbsp; 272031391 | BBP | 04/01/26 | USD | 6111142 | &nbsp;&nbsp; 10107 |
| TRY | &nbsp;&nbsp; 272317616 | BBP | 04/02/26 | USD | 6115924 | &nbsp;&nbsp; 11767 |
| TRY | &nbsp;&nbsp; 5768376 | BBP | 04/09/26 | USD | 127995 | &nbsp;&nbsp; 829 |
| TRY | &nbsp;&nbsp; 5798333 | BBP | 04/13/26 | USD | 127994 | &nbsp;&nbsp; 809 |
| TRY | &nbsp;&nbsp; 11501398 | BBP | 04/14/26 | USD | 253731 | &nbsp;&nbsp; 1420 |
| TRY | &nbsp;&nbsp; 11683651 | BBP | 04/20/26 | USD | 255988 | &nbsp;&nbsp; 1156 |
| TRY | &nbsp;&nbsp; 9272323 | BBP | 04/21/26 | USD | 202927 | &nbsp;&nbsp; 877 |
| TWD | &nbsp;&nbsp; 21374474 | BOA | 04/23/26 | USD | 670000 | &nbsp;&nbsp; (416)<br>|
| TWD | &nbsp;&nbsp; 4077110 | BNP | 04/13/26 | USD | 128000 | &nbsp;&nbsp; (366)<br>|
| TWD | &nbsp;&nbsp; 5371422 | BNP | 04/13/26 | USD | 167365 | &nbsp;&nbsp; 787 |
| TWD | &nbsp;&nbsp; 4551272 | BNP | 04/16/26 | USD | 142499 | &nbsp;&nbsp; 7 |

---

**BHFTI-247**

------

**Brighthouse Funds Trust I**

**PIMCO Inflation Protected Bond 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>|
| TWD | &nbsp;&nbsp; 1606100 | BNP | 04/17/26 | USD | 50000 | &nbsp;&nbsp; $293 |
| TWD | &nbsp;&nbsp; 21468028 | BNP | 04/20/26 | USD | 669999 | &nbsp;&nbsp; 2378 |
| TWD | &nbsp;&nbsp; 17255592 | BNP | 04/27/26 | USD | 540000 | &nbsp;&nbsp; 702 |
| TWD | &nbsp;&nbsp; 26085711 | BNP | 04/27/26 | USD | 816000 | &nbsp;&nbsp; 1393 |
| TWD | &nbsp;&nbsp; 4190009 | JPMC | 04/13/26 | USD | 131683 | &nbsp;&nbsp; (515)<br>|
| ZAR | &nbsp;&nbsp; 29673938 | BBP | 04/20/26 | USD | 1813295 | &nbsp;&nbsp; (62000)<br>|
| ZAR | &nbsp;&nbsp; 74570397 | JPMC | 04/20/26 | USD | 4465713 | &nbsp;&nbsp; (64722)<br>|

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contracts to Deliver** | **Contracts to Deliver** |  |  |  |  |  |
| AUD | &nbsp;&nbsp; 15303000 | CBNA | 04/02/26 | USD | 10907013 | &nbsp;&nbsp; 348705 |
| AUD | &nbsp;&nbsp; 11084000 | DBAG | 05/04/26 | USD | 7600687 | &nbsp;&nbsp; (43850)<br>|
| BRL | &nbsp;&nbsp; 7046 | BOA | 04/02/26 | USD | 1350 | &nbsp;&nbsp; (10)<br>|
| BRL | &nbsp;&nbsp; 7139 | BOA | 06/02/26 | USD | 1346 | &nbsp;&nbsp; (14)<br>|
| BRL | &nbsp;&nbsp; 2763032 | BNP | 04/02/26 | USD | 525000 | &nbsp;&nbsp; (8419)<br>|
| BRL | &nbsp;&nbsp; 982467 | BNP | 04/02/26 | USD | 186000 | &nbsp;&nbsp; (3671)<br>|
| BRL | &nbsp;&nbsp; 895900 | BNP | 04/02/26 | USD | 170000 | &nbsp;&nbsp; (2959)<br>|
| BRL | &nbsp;&nbsp; 2426825 | BNP | 04/02/26 | USD | 468000 | &nbsp;&nbsp; (513)<br>|
| BRL | &nbsp;&nbsp; 4227339 | BNP | 04/02/26 | USD | 817000 | &nbsp;&nbsp; 888 |
| BRL | &nbsp;&nbsp; 90947499 | GSBU | 04/02/26 | USD | 17146964 | &nbsp;&nbsp; (410976)<br>|
| BRL | &nbsp;&nbsp; 4193741 | GSBU | 04/02/26 | USD | 777959 | &nbsp;&nbsp; (31667)<br>|
| BRL | &nbsp;&nbsp; 9436036 | GSBU | 04/02/26 | USD | 1807878 | &nbsp;&nbsp; (13804)<br>|
| BRL | &nbsp;&nbsp; 679086 | GSBU | 04/02/26 | USD | 130000 | &nbsp;&nbsp; (1102)<br>|
| BRL | &nbsp;&nbsp; 14268 | GSBU | 06/02/26 | USD | 2685 | &nbsp;&nbsp; (34)<br>|
| BRL | &nbsp;&nbsp; 7165 | GSBU | 06/02/26 | USD | 1343 | &nbsp;&nbsp; (22)<br>|
| BRL | &nbsp;&nbsp; 19615 | GSBU | 07/02/26 | USD | 3650 | &nbsp;&nbsp; (60)<br>|
| CAD | &nbsp;&nbsp; 29931 | BOA | 04/02/26 | USD | 21488 | &nbsp;&nbsp; (29)<br>|
| CAD | &nbsp;&nbsp; 25908395 | BOA | 04/02/26 | USD | 18950453 | &nbsp;&nbsp; 325222 |
| CAD | &nbsp;&nbsp; 25923249 | BBP | 05/04/26 | USD | 18718769 | &nbsp;&nbsp; 56690 |
| CAD | &nbsp;&nbsp; 20843 | CBNA | 04/02/26 | USD | 15240 | &nbsp;&nbsp; 256 |
| CHF | &nbsp;&nbsp; 158000 | BNP | 04/02/26 | USD | 199490 | &nbsp;&nbsp; 1891 |
| CHF | &nbsp;&nbsp; 242000 | JPMC | 04/02/26 | USD | 306625 | &nbsp;&nbsp; 3974 |
| CHF | &nbsp;&nbsp; 2467115 | SG | 04/02/26 | USD | 3195359 | &nbsp;&nbsp; 109923 |
| CHF | &nbsp;&nbsp; 1695930 | SG | 05/04/26 | USD | 2123174 | &nbsp;&nbsp; (5308)<br>|
| CNH | &nbsp;&nbsp; 3272000 | BOA | 04/02/26 | USD | 474271 | &nbsp;&nbsp; (782)<br>|
| CNH | &nbsp;&nbsp; 1103000 | BNP | 04/02/26 | USD | 160362 | &nbsp;&nbsp; 221 |
| CNH | &nbsp;&nbsp; 1139000 | CBNA | 04/02/26 | USD | 165041 | &nbsp;&nbsp; (327)<br>|
| CNH | &nbsp;&nbsp; 2852749 | DBAG | 04/02/26 | USD | 416375 | &nbsp;&nbsp; 2192 |
| CNH | &nbsp;&nbsp; 1319423 | DBAG | 05/07/26 | USD | 191250 | &nbsp;&nbsp; (787)<br>|
| CNH | &nbsp;&nbsp; 2139000 | JPMC | 04/02/26 | USD | 309684 | &nbsp;&nbsp; (872)<br>|
| CNH | &nbsp;&nbsp; 1388245 | JPMC | 05/07/26 | USD | 201113 | &nbsp;&nbsp; (941)<br>|
| COP | &nbsp;&nbsp; 5024602000 | CBNA | 06/17/26 | USD | 1294000 | &nbsp;&nbsp; (51482)<br>|
| COP | &nbsp;&nbsp; 5768073000 | UBSA | 06/17/26 | USD | 1487000 | &nbsp;&nbsp; (57568)<br>|
| DKK | &nbsp;&nbsp; 16981318 | CBNA | 04/07/26 | USD | 2687340 | &nbsp;&nbsp; 60767 |
| DKK | &nbsp;&nbsp; 16882813 | JPMC | 05/04/26 | USD | 2604457 | &nbsp;&nbsp; (10923)<br>|
| EUR | &nbsp;&nbsp; 453000 | BNP | 04/02/26 | USD | 525014 | &nbsp;&nbsp; 1414 |
| EUR | &nbsp;&nbsp; 925000 | JPMC | 04/02/26 | USD | 1070456 | &nbsp;&nbsp; 1294 |
| EUR | &nbsp;&nbsp; 5734000 | JPMC | 04/02/26 | USD | 6637689 | &nbsp;&nbsp; 10044 |
| EUR | &nbsp;&nbsp; 631000 | JPMC | 05/04/26 | USD | 726517 | &nbsp;&nbsp; (3935)<br>|
| EUR | &nbsp;&nbsp; 47806539 | SG | 04/02/26 | USD | 56588026 | &nbsp;&nbsp; 1330828 |
| EUR | &nbsp;&nbsp; 33942539 | SG | 05/04/26 | USD | 39230956 | &nbsp;&nbsp; (61308)<br>|
| GBP | &nbsp;&nbsp; 379000 | BOA | 04/02/26 | USD | 509527 | &nbsp;&nbsp; 7882 |
| GBP | &nbsp;&nbsp; 18777682 | BBP | 04/02/26 | USD | 25396496 | &nbsp;&nbsp; 542347 |
| GBP | &nbsp;&nbsp; 424000 | CBNA | 04/02/26 | USD | 565396 | &nbsp;&nbsp; 4190 |
| GBP | &nbsp;&nbsp; 17519682 | SG | 05/05/26 | USD | 23116537 | &nbsp;&nbsp; (71593)<br>|
| IDR | &nbsp;&nbsp; 2062578358 | BNP | 06/10/26 | USD | 122324 | &nbsp;&nbsp; 1140 |
| IDR | &nbsp;&nbsp; 2865080768 | BNP | 06/10/26 | USD | 170505 | &nbsp;&nbsp; 2171 |
| IDR | &nbsp;&nbsp; 8228715551 | GSBU | 06/10/26 | USD | 488073 | &nbsp;&nbsp; 4605 |

---

**BHFTI-248**

------

**Brighthouse Funds Trust I**

**PIMCO Inflation Protected Bond 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>|
| ILS | &nbsp;&nbsp; 2159191 | BOA | 06/10/26 | USD | 700888 | &nbsp;&nbsp; $12724 |
| ILS | &nbsp;&nbsp; 1907221 | BOA | 06/17/26 | USD | 611000 | &nbsp;&nbsp; 3047 |
| ILS | &nbsp;&nbsp; 2063517 | BOA | 06/17/26 | USD | 673499 | &nbsp;&nbsp; 15725 |
| ILS | &nbsp;&nbsp; 221484 | BBP | 06/10/26 | USD | 71977 | &nbsp;&nbsp; 1387 |
| ILS | &nbsp;&nbsp; 4867386 | BNP | 04/06/26 | USD | 1576370 | &nbsp;&nbsp; 28049 |
| ILS | &nbsp;&nbsp; 1871253 | BNP | 05/05/26 | USD | 591448 | &nbsp;&nbsp; (4468)<br>|
| ILS | &nbsp;&nbsp; 1586000 | BNP | 06/10/26 | USD | 505988 | &nbsp;&nbsp; 508 |
| ILS | &nbsp;&nbsp; 4919624 | DBAG | 04/06/26 | USD | 1586300 | &nbsp;&nbsp; 21362 |
| ILS | &nbsp;&nbsp; 4900959 | DBAG | 04/13/26 | USD | 1586289 | &nbsp;&nbsp; 26700 |
| ILS | &nbsp;&nbsp; 5268162 | GSBU | 04/13/26 | USD | 1694651 | &nbsp;&nbsp; 18210 |
| ILS | &nbsp;&nbsp; 994000 | JPMC | 06/10/26 | USD | 321177 | &nbsp;&nbsp; 4376 |
| ILS | &nbsp;&nbsp; 2055231 | SG | 06/17/26 | USD | 664006 | &nbsp;&nbsp; 8873 |
| ILS | &nbsp;&nbsp; 2267878 | SG | 06/17/26 | USD | 741597 | &nbsp;&nbsp; 18680 |
| ILS | &nbsp;&nbsp; 1941865 | UBSA | 06/10/26 | USD | 622213 | &nbsp;&nbsp; 3314 |
| ILS | &nbsp;&nbsp; 2185013 | UBSA | 06/10/26 | USD | 712851 | &nbsp;&nbsp; 16457 |
| ILS | &nbsp;&nbsp; 2200938 | UBSA | 06/17/26 | USD | 717072 | &nbsp;&nbsp; 15493 |
| INR | &nbsp;&nbsp; 118455601 | BOA | 04/07/26 | USD | 1261508 | &nbsp;&nbsp; 12750 |
| INR | &nbsp;&nbsp; 170104529 | BNP | 05/06/26 | USD | 1800200 | &nbsp;&nbsp; 12331 |
| INR | &nbsp;&nbsp; 189911975 | CBNA | 04/07/26 | USD | 2014340 | &nbsp;&nbsp; 12290 |
| INR | &nbsp;&nbsp; 188342504 | CBNA | 04/07/26 | USD | 1997905 | &nbsp;&nbsp; 12400 |
| INR | &nbsp;&nbsp; 94258527 | CBNA | 04/07/26 | USD | 1007897 | &nbsp;&nbsp; 14225 |
| INR | &nbsp;&nbsp; 95649911 | CBNA | 04/07/26 | USD | 1028162 | &nbsp;&nbsp; 19822 |
| INR | &nbsp;&nbsp; 90867043 | CBNA | 04/07/26 | USD | 980227 | &nbsp;&nbsp; 22308 |
| INR | &nbsp;&nbsp; 123445469 | CBNA | 04/07/26 | USD | 1331810 | &nbsp;&nbsp; 30449 |
| INR | &nbsp;&nbsp; 121589614 | CBNA | 04/07/26 | USD | 1312921 | &nbsp;&nbsp; 31124 |
| INR | &nbsp;&nbsp; 221106880 | DBAG | 04/07/26 | USD | 2329992 | &nbsp;&nbsp; (915)<br>|
| INR | &nbsp;&nbsp; 26696796 | DBAG | 04/07/26 | USD | 293378 | &nbsp;&nbsp; 11940 |
| INR | &nbsp;&nbsp; 114709615 | DBAG | 04/07/26 | USD | 1225792 | &nbsp;&nbsp; 16524 |
| INR | &nbsp;&nbsp; 12721992 | GSBU | 04/07/26 | USD | 139476 | &nbsp;&nbsp; 5361 |
| INR | &nbsp;&nbsp; 80231397 | GSBU | 05/06/26 | USD | 849200 | &nbsp;&nbsp; 5935 |
| INR | &nbsp;&nbsp; 187438554 | JPMC | 04/07/26 | USD | 1993603 | &nbsp;&nbsp; 17628 |
| JPY | &nbsp;&nbsp; 195369984 | BOA | 04/02/26 | USD | 1256429 | &nbsp;&nbsp; 25403 |
| JPY | &nbsp;&nbsp; 6616207187 | BOA | 05/07/26 | USD | 41593185 | &nbsp;&nbsp; (220041)<br>|
| JPY | &nbsp;&nbsp; 9546 | CBNA | 05/07/26 | USD | 60 | &nbsp;&nbsp; — |
| JPY | &nbsp;&nbsp; 1147200000 | JPMC | 04/02/26 | USD | 7214529 | &nbsp;&nbsp; (13977)<br>|
| JPY | &nbsp;&nbsp; 4954520 | JPMC | 05/07/26 | USD | 31203 | &nbsp;&nbsp; (109)<br>|
| JPY | &nbsp;&nbsp; 2164658209 | MSIP | 04/02/26 | USD | 13908503 | &nbsp;&nbsp; 268994 |
| JPY | &nbsp;&nbsp; 3318055703 | SG | 04/02/26 | USD | 21324704 | &nbsp;&nbsp; 417639 |
| KRW | &nbsp;&nbsp; 378233309 | BOA | 04/15/26 | USD | 258458 | &nbsp;&nbsp; 11424 |
| KRW | &nbsp;&nbsp; 201670406 | BNP | 04/13/26 | USD | 132742 | &nbsp;&nbsp; 1033 |
| KRW | &nbsp;&nbsp; 414817181 | BNP | 04/27/26 | USD | 276000 | &nbsp;&nbsp; 4983 |
| KRW | &nbsp;&nbsp; 29336829 | JPMC | 04/15/26 | USD | 19917 | &nbsp;&nbsp; 756 |
| KRW | &nbsp;&nbsp; 270185400 | JPMC | 04/27/26 | USD | 180000 | &nbsp;&nbsp; 3477 |
| KRW | &nbsp;&nbsp; 2624481718 | UBSA | 04/15/26 | USD | 1781366 | &nbsp;&nbsp; 67249 |
| MXN | &nbsp;&nbsp; 4897000 | BOA | 06/17/26 | USD | 272101 | &nbsp;&nbsp; 555 |
| MXN | &nbsp;&nbsp; 4790000 | BOA | 06/17/26 | USD | 267039 | &nbsp;&nbsp; 1427 |
| MXN | &nbsp;&nbsp; 4814000 | BOA | 06/17/26 | USD | 268555 | &nbsp;&nbsp; 1612 |
| MXN | &nbsp;&nbsp; 7169000 | BOA | 06/17/26 | USD | 401146 | &nbsp;&nbsp; 3615 |
| MXN | &nbsp;&nbsp; 3954933 | JPMC | 06/17/26 | USD | 220447 | &nbsp;&nbsp; 1140 |
| MXN | &nbsp;&nbsp; 5944067 | JPMC | 06/17/26 | USD | 331155 | &nbsp;&nbsp; 1548 |
| MXN | &nbsp;&nbsp; 8771000 | JPMC | 06/17/26 | USD | 489112 | &nbsp;&nbsp; 2747 |
| NOK | &nbsp;&nbsp; 2245000 | BOA | 04/07/26 | USD | 232003 | &nbsp;&nbsp; 151 |
| NOK | &nbsp;&nbsp; 2139126 | BBP | 04/07/26 | USD | 223431 | &nbsp;&nbsp; 2513 |
| NOK | &nbsp;&nbsp; 2545000 | JPMC | 04/07/26 | USD | 261044 | &nbsp;&nbsp; (1791)<br>|
| NOK | &nbsp;&nbsp; 6896490 | MSIP | 05/04/26 | USD | 707870 | &nbsp;&nbsp; (4286)<br>|
| NZD | &nbsp;&nbsp; 5243000 | CBNA | 04/02/26 | USD | 3100211 | &nbsp;&nbsp; 87321 |
| NZD | &nbsp;&nbsp; 12985586 | SG | 04/02/26 | USD | 7793546 | &nbsp;&nbsp; 331380 |

---

**BHFTI-249**

------

**Brighthouse Funds Trust I**

**PIMCO Inflation Protected Bond 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>|
| NZD | &nbsp;&nbsp; 16478586 | UBSA | 05/04/26 | USD | 9417841 | &nbsp;&nbsp; $(61513)<br>|
| PLN | &nbsp;&nbsp; 1770000 | BOA | 04/15/26 | USD | 474578 | &nbsp;&nbsp; (2219)<br>|
| PLN | &nbsp;&nbsp; 882000 | BOA | 04/15/26 | USD | 238874 | &nbsp;&nbsp; 1284 |
| PLN | &nbsp;&nbsp; 1701000 | BOA | 04/15/26 | USD | 460204 | &nbsp;&nbsp; 1994 |
| PLN | &nbsp;&nbsp; 2553000 | BOA | 04/15/26 | USD | 693618 | &nbsp;&nbsp; 5898 |
| PLN | &nbsp;&nbsp; 1002026 | BNP | 04/15/26 | USD | 269237 | &nbsp;&nbsp; (686)<br>|
| PLN | &nbsp;&nbsp; 566000 | BNP | 04/15/26 | USD | 159924 | &nbsp;&nbsp; 7457 |
| PLN | &nbsp;&nbsp; 336000 | JPMC | 04/15/26 | USD | 90285 | &nbsp;&nbsp; (226)<br>|
| PLN | &nbsp;&nbsp; 1742000 | JPMC | 04/15/26 | USD | 470226 | &nbsp;&nbsp; 971 |
| PLN | &nbsp;&nbsp; 1860000 | JPMC | 04/15/26 | USD | 520013 | &nbsp;&nbsp; 18972 |
| SEK | &nbsp;&nbsp; 1130000 | BNP | 04/02/26 | USD | 120521 | &nbsp;&nbsp; 1154 |
| SEK | &nbsp;&nbsp; 2630000 | JPMC | 04/02/26 | USD | 279808 | &nbsp;&nbsp; 1991 |
| SEK | &nbsp;&nbsp; 3365000 | JPMC | 04/02/26 | USD | 358579 | &nbsp;&nbsp; 3120 |
| SEK | &nbsp;&nbsp; 2610000 | JPMC | 04/02/26 | USD | 280471 | &nbsp;&nbsp; 4766 |
| SEK | &nbsp;&nbsp; 509110 | SG | 04/02/26 | USD | 53282 | &nbsp;&nbsp; (497)<br>|
| SGD | &nbsp;&nbsp; 9389 | BOA | 04/02/26 | USD | 7431 | &nbsp;&nbsp; 129 |
| SGD | &nbsp;&nbsp; 15429 | BOA | 04/02/26 | USD | 12220 | &nbsp;&nbsp; 219 |
| SGD | &nbsp;&nbsp; 39822 | BNP | 05/04/26 | USD | 31004 | &nbsp;&nbsp; (40)<br>|
| SGD | &nbsp;&nbsp; 29022 | BNP | 05/04/26 | USD | 22739 | &nbsp;&nbsp; 114 |
| SGD | &nbsp;&nbsp; 22241679 | DBAG | 05/04/26 | USD | 17450750 | &nbsp;&nbsp; 111758 |
| SGD | &nbsp;&nbsp; 22387181 | JPMC | 04/02/26 | USD | 17764206 | &nbsp;&nbsp; 351761 |
| SGD | &nbsp;&nbsp; 51320 | JPMC | 05/04/26 | USD | 39872 | &nbsp;&nbsp; (135)<br>|
| THB | &nbsp;&nbsp; 5467070 | BNP | 04/16/26 | USD | 169696 | &nbsp;&nbsp; 3750 |
| THB | &nbsp;&nbsp; 11184574 | BNP | 04/16/26 | USD | 346701 | &nbsp;&nbsp; 7208 |
| THB | &nbsp;&nbsp; 16465776 | BNP | 04/16/26 | USD | 511104 | &nbsp;&nbsp; 11307 |
| THB | &nbsp;&nbsp; 11234353 | BNP | 04/16/26 | USD | 352395 | &nbsp;&nbsp; 11391 |
| THB | &nbsp;&nbsp; 17955943 | BNP | 04/16/26 | USD | 563606 | &nbsp;&nbsp; 18577 |
| THB | &nbsp;&nbsp; 11015650 | BNP | 04/17/26 | USD | 340000 | &nbsp;&nbsp; 5609 |
| THB | &nbsp;&nbsp; 13791140 | BNP | 04/20/26 | USD | 420000 | &nbsp;&nbsp; 1257 |
| THB | &nbsp;&nbsp; 10249602 | BNP | 04/20/26 | USD | 313491 | &nbsp;&nbsp; 2281 |
| THB | &nbsp;&nbsp; 9977056 | BNP | 04/20/26 | USD | 308689 | &nbsp;&nbsp; 5754 |
| THB | &nbsp;&nbsp; 13824570 | BNP | 04/23/26 | USD | 420000 | &nbsp;&nbsp; 144 |
| THB | &nbsp;&nbsp; 35633 | CBNA | 04/20/26 | USD | 1145 | &nbsp;&nbsp; 63 |
| THB | &nbsp;&nbsp; 25853421 | CBNA | 04/20/26 | USD | 823095 | &nbsp;&nbsp; 38103 |
| THB | &nbsp;&nbsp; 11025539 | DBAG | 06/17/26 | USD | 338270 | &nbsp;&nbsp; 1895 |
| THB | &nbsp;&nbsp; 21880136 | DBAG | 06/17/26 | USD | 671281 | &nbsp;&nbsp; 3746 |
| THB | &nbsp;&nbsp; 10678615 | GSBU | 04/20/26 | USD | 340059 | &nbsp;&nbsp; 15823 |
| THB | &nbsp;&nbsp; 3651803 | GSBU | 06/17/26 | USD | 111383 | &nbsp;&nbsp; (29)<br>|
| THB | &nbsp;&nbsp; 21547639 | GSBU | 06/17/26 | USD | 657903 | &nbsp;&nbsp; 512 |
| TRY | &nbsp;&nbsp; 11448089 | BBP | 04/02/26 | USD | 253731 | &nbsp;&nbsp; (3874)<br>|
| TRY | &nbsp;&nbsp; 5952860 | BBP | 04/03/26 | USD | 131297 | &nbsp;&nbsp; (2510)<br>|
| TRY | &nbsp;&nbsp; 5850523 | BBP | 04/09/26 | USD | 127995 | &nbsp;&nbsp; (2663)<br>|
| TRY | &nbsp;&nbsp; 5881836 | BBP | 04/13/26 | USD | 127994 | &nbsp;&nbsp; (2664)<br>|
| TRY | &nbsp;&nbsp; 11578760 | BBP | 04/14/26 | USD | 253731 | &nbsp;&nbsp; (3136)<br>|
| TRY | &nbsp;&nbsp; 11604134 | BBP | 04/16/26 | USD | 253731 | &nbsp;&nbsp; (3017)<br>|
| TRY | &nbsp;&nbsp; 4430985 | BBP | 04/17/26 | USD | 95995 | &nbsp;&nbsp; (1913)<br>|
| TRY | &nbsp;&nbsp; 11859668 | BBP | 04/20/26 | USD | 255988 | &nbsp;&nbsp; (5030)<br>|
| TRY | &nbsp;&nbsp; 9369951 | BBP | 04/21/26 | USD | 202927 | &nbsp;&nbsp; (3023)<br>|
| TRY | &nbsp;&nbsp; 4467688 | BBP | 04/22/26 | USD | 96038 | &nbsp;&nbsp; (2032)<br>|
| TRY | &nbsp;&nbsp; 2980156 | BBP | 04/24/26 | USD | 63897 | &nbsp;&nbsp; (1349)<br>|
| TRY | &nbsp;&nbsp; 11802044 | BBP | 04/28/26 | USD | 253731 | &nbsp;&nbsp; (3307)<br>|
| TRY | &nbsp;&nbsp; 3002773 | BBP | 04/29/26 | USD | 64025 | &nbsp;&nbsp; (1288)<br>|
| TRY | &nbsp;&nbsp; 12681851 | BBP | 04/30/26 | USD | 272119 | &nbsp;&nbsp; (3361)<br>|
| TRY | &nbsp;&nbsp; 4508603 | BBP | 04/30/26 | USD | 95989 | &nbsp;&nbsp; (1949)<br>|
| TRY | &nbsp;&nbsp; 14231998 | BBP | 05/04/26 | USD | 304532 | &nbsp;&nbsp; (3021)<br>|
| TRY | &nbsp;&nbsp; 9467728 | BBP | 05/05/26 | USD | 203022 | &nbsp;&nbsp; (1361)<br>|
| TRY | &nbsp;&nbsp; 11799108 | BBP | 05/06/26 | USD | 253777 | &nbsp;&nbsp; (667)<br>|

---

**BHFTI-250**

------

**Brighthouse Funds Trust I**

**PIMCO Inflation Protected Bond 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>|
| TWD | &nbsp;&nbsp; 57561243 | BNP | 05/04/26 | USD | 1788000 | &nbsp;&nbsp; $(16541)<br>|
| TWD | &nbsp;&nbsp; 5293122 | CBNA | 04/13/26 | USD | 166001 | &nbsp;&nbsp; 301 |
| ZAR | &nbsp;&nbsp; 8821282 | BOA | 04/20/26 | USD | 517631 | &nbsp;&nbsp; (2983)<br>|
| ZAR | &nbsp;&nbsp; 8264000 | BOA | 04/20/26 | USD | 486370 | &nbsp;&nbsp; (1354)<br>|
| ZAR | &nbsp;&nbsp; 13349000 | BOA | 04/20/26 | USD | 788179 | &nbsp;&nbsp; 348 |
| ZAR | &nbsp;&nbsp; 15782000 | CBNA | 04/20/26 | USD | 931889 | &nbsp;&nbsp; 467 |
| Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | &nbsp;&nbsp; $2516863 |

---

**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; 246 | AUD | 26507430 | &nbsp;&nbsp;&nbsp; $(113424)<br>|
| Euro-BTP Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; 408 | EUR | 47442240 | &nbsp;&nbsp;&nbsp; (1666910)<br>|
| Euro-Bund Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; 5 | EUR | 626950 | &nbsp;&nbsp;&nbsp; (5031)<br>|
| Euro-Buxl 30 Year Bond Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; 43 | EUR | 4741180 | &nbsp;&nbsp;&nbsp; (65446)<br>|
| Euro-Schatz Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; 687 | EUR | 72650250 | &nbsp;&nbsp;&nbsp; (316397)<br>|
| U.S. Treasury Note Ultra 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 822 | USD | 93309844 | &nbsp;&nbsp;&nbsp; (2097340)<br>|
| U.S. Treasury Ultra Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 947 | USD | 110384687 | &nbsp;&nbsp;&nbsp; (2819958)<br>|

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Short** |  |  |  |  |  |
| Euro-Bobl Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; (216)<br>| EUR | (24932880)<br>| &nbsp;&nbsp;&nbsp; 206593 |
| Euro-OAT Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; (420)<br>| EUR | (49849800)<br>| &nbsp;&nbsp;&nbsp; 1831048 |
| Japanese Government 10 Year Bond Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; (34)<br>| JPY | (4430540000)<br>| &nbsp;&nbsp;&nbsp; 250332 |
| U.S. Treasury Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (1460)<br>| USD | (166257500)<br>| &nbsp;&nbsp;&nbsp; 5289753 |
| U.S. Treasury Note 2 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; (1181)<br>| USD | (244992913)<br>| &nbsp;&nbsp;&nbsp; 1750890 |
| U.S. Treasury Note 5 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; (81)<br>| USD | (8762555)<br>| &nbsp;&nbsp;&nbsp; 127097 |
| U.S. Treasury Note 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (272)<br>| USD | (30204750)<br>| &nbsp;&nbsp;&nbsp; 63844 |
| Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | &nbsp;&nbsp;&nbsp; $2435051 |

---

**Written Options** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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 - 2 Yr. IRS | 2.350% | 6M EURIBOR | Receive | 01/07/27 | GSBU | (20500000)<br>| EUR | (20500000)<br>| $(186050)<br>| $(54195)<br>| $131855 |
| Call - OTC - 2 Yr. IRS | 2.440% | 6M EURIBOR | Receive | 01/25/27 | BBP | (5400000)<br>| EUR | (5400000)<br>| (48033)<br>| (17144)<br>| 30889 |
| Call - OTC - 2 Yr. IRS | 2.500% | 6M EURIBOR | Receive | 01/14/27 | GSBU | (33900000)<br>| EUR | (33900000)<br>| (310821)<br>| (124503)<br>| 186318 |
| Put - OTC - 2 Yr. IRS | 2.350% | 6M EURIBOR | Pay | 01/07/27 | GSBU | (20500000)<br>| EUR | (20500000)<br>| (186049)<br>| (304564)<br>| (118515)<br>|
| Put - OTC - 2 Yr. IRS | 2.440% | 6M EURIBOR | Pay | 01/25/27 | BBP | (5400000)<br>| EUR | (5400000)<br>| (48032)<br>| (72336)<br>| (24304)<br>|
| Put - OTC - 2 Yr. IRS | 2.500% | 6M EURIBOR | Pay | 01/14/27 | GSBU | (33900000)<br>| EUR | (33900000)<br>| (310822)<br>| (426953)<br>| (116131)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | $(1089807)<br>| $(999695)<br>| $90112 |

---

&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>|
| Put - OTC - 5 Yr. CDS | 0.850% | CDX.NA.IG.45.V1 | Sell | 05/20/26 | GSI | (4800000)<br>| USD | (4800000)<br>| $(5640)<br>| $(3901)<br>| $1739 |

---

**BHFTI-251**

------

**Brighthouse Funds Trust I**

**PIMCO Inflation Protected Bond Portfolio**

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

**Written Options — (Continued)**

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

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Inflation Capped Options** | **Initial** <br>**Index**<br>| **Exercise Index** | **Expiration** <br>**Date**<br>| **Counterparty** | **Number** <br> **of** <br>**Contracts**<br>| **Notional** <br>**Amount** | **Notional** <br>**Amount** | **Premiums** <br>**Received**<br>| **Market** <br>**Value**<br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| Cap - CPALEMU Index | 100.152 | Maximum of [(Final Index/Initial <br> Index - 1) - 3.000%] or 0 | 06/22/35 | GSBU | (8700000)<br>| EUR | (8700000)<br>| $(382245)<br>| $(88257)<br>| $293988 |

---

**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 CPURNSA | Maturity | 1.760<br> %<br>| Maturity | 11/04/29 | USD | 24500000 | &nbsp;&nbsp; $(4471567)<br>| &nbsp;&nbsp; $(17107)<br>| &nbsp;&nbsp; $(4454460)<br>|
| Pay | 12M CPURNSA | Maturity | 1.954<br> %<br>| Maturity | 06/03/29 | USD | 8650000 | &nbsp;&nbsp; (1407666)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1407666)<br>|
| Pay | 12M CPURNSA | Maturity | 1.998<br> %<br>| Maturity | 07/25/29 | USD | 21500000 | &nbsp;&nbsp; (3348111)<br>| &nbsp;&nbsp; 3600 | &nbsp;&nbsp; (3351711)<br>|
| Pay | 12M CPURNSA | Maturity | 2.335<br> %<br>| Maturity | 02/05/28 | USD | 13090000 | &nbsp;&nbsp; (1589513)<br>| &nbsp;&nbsp; 28401 | &nbsp;&nbsp; (1617914)<br>|
| Pay | 12M CPURNSA | Maturity | 2.370<br> %<br>| Maturity | 06/06/28 | USD | 6400000 | &nbsp;&nbsp; (743616)<br>| &nbsp;&nbsp; (1137)<br>| &nbsp;&nbsp; (742479)<br>|
| Pay | 12M CPURNSA | Maturity | 3.300<br> %<br>| Maturity | 06/04/26 | USD | 7300000 | &nbsp;&nbsp; 16311 | &nbsp;&nbsp; — | &nbsp;&nbsp; 16311 |
| Pay | 12M CPURNSA | Maturity | 3.323<br> %<br>| Maturity | 04/23/26 | USD | 6200000 | &nbsp;&nbsp; 56675 | &nbsp;&nbsp; — | &nbsp;&nbsp; 56675 |
| Pay | 12M CPURNSA | Maturity | 3.434<br> %<br>| Maturity | 08/27/26 | USD | 14900000 | &nbsp;&nbsp; (47841)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (47841)<br>|
| Pay | 12M CPURNSA | Maturity | 3.435<br> %<br>| Maturity | 08/01/26 | USD | 14900000 | &nbsp;&nbsp; (70621)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (70621)<br>|
| Pay | 12M FRCPXT | Maturity | 1.410<br> %<br>| Maturity | 11/15/39 | EUR | 600000 | &nbsp;&nbsp; (97781)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (97781)<br>|
| Pay | 12M FRCPXT | Maturity | 1.910<br> %<br>| Maturity | 01/15/38 | EUR | 350000 | &nbsp;&nbsp; (12599)<br>| &nbsp;&nbsp; 2830 | &nbsp;&nbsp; (15429)<br>|
| Pay | 12M HICP | Maturity | 1.380<br> %<br>| Maturity | 03/15/31 | EUR | 7040000 | &nbsp;&nbsp; (1673233)<br>| &nbsp;&nbsp; (65196)<br>| &nbsp;&nbsp; (1608037)<br>|
| Pay | 12M HICP | Maturity | 2.421<br> %<br>| Maturity | 05/15/52 | EUR | 650000 | &nbsp;&nbsp; (16448)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (16448)<br>|
| Pay | 12M HICP | Maturity | 2.488<br> %<br>| Maturity | 05/15/37 | EUR | 60000 | &nbsp;&nbsp; (1410)<br>| &nbsp;&nbsp; 121 | &nbsp;&nbsp; (1531)<br>|
| Pay | 12M HICP | Maturity | 2.550<br> %<br>| Maturity | 04/15/52 | EUR | 400000 | &nbsp;&nbsp; 4012 | &nbsp;&nbsp; 513 | &nbsp;&nbsp; 3499 |
| Pay | 12M HICP | Maturity | 2.580<br> %<br>| Maturity | 03/15/52 | EUR | 1000000 | &nbsp;&nbsp; 10398 | &nbsp;&nbsp; 717 | &nbsp;&nbsp; 9681 |
| Pay | 12M HICP | Maturity | 2.590<br> %<br>| Maturity | 03/15/52 | EUR | 1400000 | &nbsp;&nbsp; 19173 | &nbsp;&nbsp; (36516)<br>| &nbsp;&nbsp; 55689 |
| Pay | 12M HICP | Maturity | 2.590<br> %<br>| Maturity | 12/15/52 | EUR | 2300000 | &nbsp;&nbsp; 175287 | &nbsp;&nbsp; — | &nbsp;&nbsp; 175287 |
| Pay | 12M HICP | Maturity | 2.682<br> %<br>| Maturity | 10/15/53 | EUR | 1100000 | &nbsp;&nbsp; 128317 | &nbsp;&nbsp; — | &nbsp;&nbsp; 128317 |
| Pay | 12M HICP | Maturity | 2.700<br> %<br>| Maturity | 04/15/53 | EUR | 3100000 | &nbsp;&nbsp; 374518 | &nbsp;&nbsp; 20720 | &nbsp;&nbsp; 353798 |
| Pay | 12M HICP | Maturity | 2.736<br> %<br>| Maturity | 10/15/53 | EUR | 1600000 | &nbsp;&nbsp; 214941 | &nbsp;&nbsp; 14422 | &nbsp;&nbsp; 200519 |
| Pay | 12M HICP | Maturity | 2.763<br> %<br>| Maturity | 09/15/53 | EUR | 800000 | &nbsp;&nbsp; 114823 | &nbsp;&nbsp; 5914 | &nbsp;&nbsp; 108909 |
| Pay | 12M SONIA | Annually | 3.500<br> %<br>| Annually | 03/18/28 | GBP | 28400000 | &nbsp;&nbsp; (539928)<br>| &nbsp;&nbsp; (594107)<br>| &nbsp;&nbsp; 54179 |
| Pay | 12M SONIA | Annually | 3.500<br> %<br>| Annually | 03/18/31 | GBP | 46020000 | &nbsp;&nbsp; (1932955)<br>| &nbsp;&nbsp; (969169)<br>| &nbsp;&nbsp; (963786)<br>|
| Pay | 12M UKRPI | Maturity | 3.466<br> %<br>| Maturity | 09/15/34 | GBP | 3000000 | &nbsp;&nbsp; (47230)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (47230)<br>|
| Pay | 12M UKRPI | Maturity | 3.500<br> %<br>| Maturity | 08/15/34 | GBP | 7200000 | &nbsp;&nbsp; (78957)<br>| &nbsp;&nbsp; 40810 | &nbsp;&nbsp; (119767)<br>|
| Pay | 3M SOFR | Semi-Annually | 2.340<br> %<br>| Semi-Annually | 11/21/28 | USD | 65930000 | &nbsp;&nbsp; (2523591)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (2523591)<br>|
| Pay | 6M EURIBOR | Annually | 2.750<br> %<br>| Annually | 09/16/36 | EUR | 86840000 | &nbsp;&nbsp; (3080281)<br>| &nbsp;&nbsp; (1371351)<br>| &nbsp;&nbsp; (1708930)<br>|
| Pay | 6M EURIBOR | Annually | 2.879<br> %<br>| Annually | 08/15/32 | EUR | 21800000 | &nbsp;&nbsp; (42813)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (42813)<br>|
| Receive | 12M CPURNSA | Maturity | 1.798<br> %<br>| Maturity | 08/25/27 | USD | 9300000 | &nbsp;&nbsp; 1700063 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1700063 |
| Receive | 12M CPURNSA | Maturity | 1.890<br> %<br>| Maturity | 08/27/27 | USD | 12300000 | &nbsp;&nbsp; 2160130 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2160130 |
| Receive | 12M CPURNSA | Maturity | 2.311<br> %<br>| Maturity | 02/24/31 | USD | 21200000 | &nbsp;&nbsp; 2719807 | &nbsp;&nbsp; 9782 | &nbsp;&nbsp; 2710025 |
| Receive | 12M CPURNSA | Maturity | 2.573<br> %<br>| Maturity | 08/26/28 | USD | 1900000 | &nbsp;&nbsp; 163532 | &nbsp;&nbsp; — | &nbsp;&nbsp; 163532 |
| Receive | 12M CPURNSA | Maturity | 2.645<br> %<br>| Maturity | 09/10/28 | USD | 2400000 | &nbsp;&nbsp; 186194 | &nbsp;&nbsp; — | &nbsp;&nbsp; 186194 |
| Receive | 12M CPURNSA | Maturity | 2.703<br> %<br>| Maturity | 05/25/26 | USD | 7090000 | &nbsp;&nbsp; 711769 | &nbsp;&nbsp; — | &nbsp;&nbsp; 711769 |
| Receive | 12M CPURNSA | Maturity | 2.768<br> %<br>| Maturity | 05/13/26 | USD | 11300000 | &nbsp;&nbsp; 1089003 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1089003 |
| Receive | 12M CPURNSA | Maturity | 2.813<br> %<br>| Maturity | 05/14/26 | USD | 4600000 | &nbsp;&nbsp; 431856 | &nbsp;&nbsp; — | &nbsp;&nbsp; 431856 |
| Receive | 12M HICP | Maturity | 1.636<br> %<br>| Maturity | 06/15/27 | EUR | 18000000 | &nbsp;&nbsp; 403200 | &nbsp;&nbsp; — | &nbsp;&nbsp; 403200 |
| Receive | 12M HICP | Maturity | 2.000<br> %<br>| Maturity | 02/15/27 | EUR | 4000000 | &nbsp;&nbsp; 63589 | &nbsp;&nbsp; 13538 | &nbsp;&nbsp; 50051 |
| Receive | 12M HICP | Maturity | 2.034<br> %<br>| Maturity | 09/15/34 | EUR | 6700000 | &nbsp;&nbsp; 104556 | &nbsp;&nbsp; (19088)<br>| &nbsp;&nbsp; 123644 |
| Receive | 12M HICP | Maturity | 2.049<br> %<br>| Maturity | 08/15/34 | EUR | 9900000 | &nbsp;&nbsp; 135856 | &nbsp;&nbsp; (3757)<br>| &nbsp;&nbsp; 139613 |
| Receive | 12M HICP | Maturity | 3.000<br> %<br>| Maturity | 05/15/27 | EUR | 2000000 | &nbsp;&nbsp; 80334 | &nbsp;&nbsp; 1000 | &nbsp;&nbsp; 79334 |
| Receive | 12M HICP | Maturity | 3.130<br> %<br>| Maturity | 05/15/27 | EUR | 1400000 | &nbsp;&nbsp; 44695 | &nbsp;&nbsp; — | &nbsp;&nbsp; 44695 |
| Receive | 12M SOFR | Annually | 2.865<br> %<br>| Annually | 02/13/54 | USD | 25800000 | &nbsp;&nbsp; 5411188 | &nbsp;&nbsp; 474526 | &nbsp;&nbsp; 4936662 |
| Receive | 12M SOFR | Annually | 3.250<br> %<br>| Annually | 06/18/34 | USD | 4750000 | &nbsp;&nbsp; 174634 | &nbsp;&nbsp; 192917 | &nbsp;&nbsp; (18283)<br>|
| Receive | 12M SOFR | Annually | 3.325<br> %<br>| Annually | 08/31/30 | USD | 4280700 | &nbsp;&nbsp; 42779 | &nbsp;&nbsp; (22001)<br>| &nbsp;&nbsp; 64780 |
| Receive | 12M SOFR | Annually | 3.325<br> %<br>| Annually | 08/31/30 | USD | 63250000 | &nbsp;&nbsp; 617889 | &nbsp;&nbsp; 242897 | &nbsp;&nbsp; 374992 |

---

**BHFTI-252**

------

**Brighthouse Funds Trust I**

**PIMCO Inflation Protected Bond 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 | 12M SOFR | Annually | 3.337<br> %<br>| Annually | 08/31/30 | USD | 2200000 | &nbsp;&nbsp; $20508 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $20508 |
| Receive | 12M SOFR | Annually | 3.407<br> %<br>| Annually | 08/31/30 | USD | 300000 | &nbsp;&nbsp; 1995 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1995 |
| Receive | 12M SOFR | Annually | 3.500<br> %<br>| Annually | 06/20/54 | USD | 9700000 | &nbsp;&nbsp; 1028778 | &nbsp;&nbsp; 243099 | &nbsp;&nbsp; 785679 |
| Receive | 12M SOFR | Annually | 3.640<br> %<br>| Annually | 08/15/35 | USD | 400000 | &nbsp;&nbsp; 5675 | &nbsp;&nbsp; 799 | &nbsp;&nbsp; 4876 |
| Receive | 12M SOFR | Annually | 3.700<br> %<br>| Annually | 08/15/35 | USD | 400000 | &nbsp;&nbsp; 3781 | &nbsp;&nbsp; (352)<br>| &nbsp;&nbsp; 4133 |
| Receive | 12M SOFR | Annually | 3.715<br> %<br>| Annually | 08/15/35 | USD | 756000 | &nbsp;&nbsp; 6252 | &nbsp;&nbsp; 1895 | &nbsp;&nbsp; 4357 |
| Receive | 12M SOFR | Annually | 3.750<br> %<br>| Annually | 05/15/32 | USD | 29367000 | &nbsp;&nbsp; (133650)<br>| &nbsp;&nbsp; (26715)<br>| &nbsp;&nbsp; (106935)<br>|
| Receive | 12M SOFR | Annually | 3.758<br> %<br>| Annually | 08/15/35 | USD | 8500000 | &nbsp;&nbsp; 41167 | &nbsp;&nbsp; — | &nbsp;&nbsp; 41167 |
| Receive | 12M SOFR | Annually | 3.768<br> %<br>| Annually | 08/15/35 | USD | 10500000 | &nbsp;&nbsp; 42618 | &nbsp;&nbsp; — | &nbsp;&nbsp; 42618 |
| Receive | 12M SOFR | Annually | 3.777<br> %<br>| Annually | 08/15/35 | USD | 11500000 | &nbsp;&nbsp; 38655 | &nbsp;&nbsp; — | &nbsp;&nbsp; 38655 |
| Receive | 12M SOFR | Annually | 3.801<br> %<br>| Annually | 08/15/35 | USD | 7500000 | &nbsp;&nbsp; 11125 | &nbsp;&nbsp; (1202)<br>| &nbsp;&nbsp; 12327 |
| Receive | 12M SOFR | Annually | 3.998<br> %<br>| Annually | 11/15/53 | USD | 200000 | &nbsp;&nbsp; 4453 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4453 |
| Receive | 12M SOFR | Annually | 4.010<br> %<br>| Annually | 11/15/53 | USD | 15300000 | &nbsp;&nbsp; 300160 | &nbsp;&nbsp; 213731 | &nbsp;&nbsp; 86429 |
| Receive | 12M SOFR | Annually | 4.015<br> %<br>| Annually | 11/15/53 | USD | 500000 | &nbsp;&nbsp; 9724 | &nbsp;&nbsp; — | &nbsp;&nbsp; 9724 |
| Receive | 12M SOFR | Annually | 4.075<br> %<br>| Annually | 11/15/53 | USD | 13891100 | &nbsp;&nbsp; 123247 | &nbsp;&nbsp; 103238 | &nbsp;&nbsp; 20009 |
| Receive | 12M TONA | Annually | 0.500<br> %<br>| Annually | 12/15/31 | JPY | 1469000000 | &nbsp;&nbsp; 654990 | &nbsp;&nbsp; 582493 | &nbsp;&nbsp; 72497 |
| Receive | 12M TONA | Annually | 0.550<br> %<br>| Annually | 09/14/28 | JPY | 1420000000 | &nbsp;&nbsp; 193439 | &nbsp;&nbsp; 164799 | &nbsp;&nbsp; 28640 |
| Receive | 12M UKRPI | Maturity | 3.365<br> %<br>| Maturity | 09/15/27 | GBP | 10300000 | &nbsp;&nbsp; 207918 | &nbsp;&nbsp; 5061 | &nbsp;&nbsp; 202857 |
| Receive | 3M SOFR | Semi-Annually | 2.237<br> %<br>| Semi-Annually | 11/21/53 | USD | 13560000 | &nbsp;&nbsp; 4858977 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4858977 |
| Receive | 6M EURIBOR | Annually | 0.190<br> %<br>| Annually | 11/04/52 | EUR | 6700000 | &nbsp;&nbsp; 4132176 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4132176 |
| Receive | 6M EURIBOR | Annually | 0.195<br> %<br>| Annually | 11/04/52 | EUR | 7000000 | &nbsp;&nbsp; 4309895 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4309895 |
| Receive | 6M EURIBOR | Annually | 0.197<br> %<br>| Annually | 11/08/52 | EUR | 12200000 | &nbsp;&nbsp; 7507321 | &nbsp;&nbsp; — | &nbsp;&nbsp; 7507321 |
| Receive | 6M EURIBOR | Annually | 1.830<br> %<br>| Annually | 09/17/27 | EUR | 18700000 | &nbsp;&nbsp; 286739 | &nbsp;&nbsp; — | &nbsp;&nbsp; 286739 |
| Receive | 6M EURIBOR | Annually | 3.000<br> %<br>| Annually | 09/16/56 | EUR | 24810000 | &nbsp;&nbsp; 588843 | &nbsp;&nbsp; 409223 | &nbsp;&nbsp; 179620 |
| Receive | 6M EURIBOR | Annually | 3.050<br> %<br>| Annually | 01/13/56 | EUR | 9140000 | &nbsp;&nbsp; 99234 | &nbsp;&nbsp; 392496 | &nbsp;&nbsp; (293262)<br>|
| Receive | 6M TONA | Semi-Annually | 0.300<br> %<br>| Semi-Annually | 03/20/28 | JPY | 426780000 | &nbsp;&nbsp; 57921 | &nbsp;&nbsp; 51861 | &nbsp;&nbsp; 6060 |
| Receive | 6M TONA | Semi-Annually | 0.300<br> %<br>| Semi-Annually | 09/20/27 | JPY | 788000000 | &nbsp;&nbsp; 70893 | &nbsp;&nbsp; 64540 | &nbsp;&nbsp; 6353 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $20102202 | &nbsp;&nbsp; $158245 | &nbsp;&nbsp; $19943957 |

---

**OTC Total Return Swap Contracts** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive** <br>**Fixed Rate** <br>| **Fixed** <br>**Rate** <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>**Premium** <br>**Paid/(Received)** <br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>|
| Pay | 3.780% | Maturity | 04/20/26 | MSCS | U.S. Treasury Inflation-Indexed Notes | USD | 30000000 | $(332628)<br>| $— | $(332628)<br>|
| Pay | 3.780% | Maturity | 04/20/26 | MSCS | U.S. Treasury Inflation-Indexed Notes | USD | 40000000 | 8150 |  | 8150 |
| Pay | 3.780% | Maturity | 04/20/26 | MSCS | U.S. Treasury Inflation-Indexed Notes | USD | 50000000 | (461397)<br>|  | (461397)<br>|
| Pay | 3.780% | Maturity | 04/20/26 | MSCS | U.S. Treasury Inflation-Indexed Notes | USD | 20000000 | 94172 |  | 94172 |
| Pay | 3.780% | Maturity | 04/20/26 | MSCS | U.S. Treasury Inflation-Indexed Notes | USD | 60000000 | 120148 |  | 120148 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | $(571555)<br>| $— | $(571555)<br>|

---

**BHFTI-253**

------

**Brighthouse Funds Trust I**

**PIMCO Inflation Protected Bond 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 U.S. Treasury & Government Agencies\* | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1323537933 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1323537933 |
| Total Agency Sponsored Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 276438563 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 276438563 |
| Total Asset-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 89116387 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 89116387 |
| Total Foreign Government\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 83405745 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 83405745 |
| Total Non-Agency Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19354240 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19354240 |
| Total Corporate Bonds & Notes\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12532038 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12532038 |
| Total Convertible Preferred Stocks\* | &nbsp;&nbsp;&nbsp; 1039500 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1039500 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 880971282 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 880971282 |
| Total Investments | &nbsp;&nbsp;&nbsp; $1039500 | &nbsp;&nbsp;&nbsp; $2685356188 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $2686395688 |
| Reverse Repurchase Agreements (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(233687500)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(233687500)<br>|
| Secured Borrowings (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(1015171918)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(1015171918)<br>|
| Forward Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $6205932 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $6205932 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (3689069)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (3689069)<br>|
| Total Forward Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $2516863 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $2516863 |
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $9519557 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $9519557 |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; (7084506)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (7084506)<br>|
| Total Futures Contracts | &nbsp;&nbsp;&nbsp; $2435051 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $2435051 |
| Total Written Options at Value\* | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(1091853)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(1091853)<br>|
| Centrally Cleared Swap Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Swap Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $39200472 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $39200472 |
| &nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Swap Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (19256515)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (19256515)<br>|
| Total Centrally Cleared Swap Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $19943957 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $19943957 |
| OTC Swap Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; OTC Swap Contracts at Value (Assets) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $222470 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $222470 |
| &nbsp;&nbsp;&nbsp;&nbsp; OTC Swap Contracts at Value (Liabilities) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (794025)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (794025)<br>|
| Total OTC Swap Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(571555)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(571555)<br>|

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-254**

------

**Brighthouse Funds Trust I**

**PIMCO Total Return Portfolio**

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

**Agency Sponsored Mortgage-Backed Securities—45.0% 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>|
| **Agency Collateralized Mortgage Obligations — 2.3%** | **Agency Collateralized Mortgage Obligations — 2.3%** | **Agency Collateralized Mortgage Obligations — 2.3%** |
| Federal Home Loan Mortgage Corp. REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/15/42 | 6573450 | &nbsp;&nbsp;&nbsp; $6172877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.977%, SOFR30A + 0.304%, 10/15/43 (a) | 2922499 | &nbsp;&nbsp;&nbsp; 2850553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.037%, SOFR30A + 0.364%, 07/15/34 (a) | 1348 | &nbsp;&nbsp;&nbsp; 1345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.962%, SOFR30A + 1.300%, 05/25/54 (a) | 4046885 | &nbsp;&nbsp;&nbsp; 4060920 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Structured Pass-<br> Through Certificates<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.059%, 12M MTA + 1.200%, 10/25/44 (a) | 212308 | &nbsp;&nbsp;&nbsp; 196151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.059%, 12M MTA + 1.200%, 02/25/45 (a) | 19469 | &nbsp;&nbsp;&nbsp; 19014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.259%, 12M MTA + 1.400%, 07/25/44 (a) | 1017709 | &nbsp;&nbsp;&nbsp; 993274 |
| Federal National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.156%, SOFR30A + 0.494%, 11/25/42 (a) | 992131 | &nbsp;&nbsp;&nbsp; 986845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.186%, SOFR30A + 0.514%, 09/18/31 (a) | 2010 | &nbsp;&nbsp;&nbsp; 2009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.676%, SOFR30A + 1.014%, 04/25/32 (a) | 1414 | &nbsp;&nbsp;&nbsp; 1418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 05/25/35 (a) | 104791 | &nbsp;&nbsp;&nbsp; 106721 |
| Government National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.123%, 1M TSFR + 0.454%, 12/20/62 (a) | 16334 | &nbsp;&nbsp;&nbsp; 16298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.173%, SOFR30A + 0.500%, 01/20/72 (a) | 3841256 | &nbsp;&nbsp;&nbsp; 3817070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.383%, 1M TSFR + 0.714%, 08/20/65 (a) | 531334 | &nbsp;&nbsp;&nbsp; 531473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.383%, 1M TSFR + 0.714%, 10/20/65 (a) | 700719 | &nbsp;&nbsp;&nbsp; 701596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.433%, 1M TSFR + 0.764%, 06/20/66 (a) | 166585 | &nbsp;&nbsp;&nbsp; 166905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.473%, SOFR30A + 0.800%, 01/20/73 (a) | 6976381 | &nbsp;&nbsp;&nbsp; 7027789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.553%, SOFR30A + 0.880%, 03/20/73 (a) | 7448985 | &nbsp;&nbsp;&nbsp; 7503034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.573%, SOFR30A + 0.900%, 01/20/73 (a) | 12079320 | &nbsp;&nbsp;&nbsp; 12192438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.573%, SOFR30A + 0.900%, 12/20/73 (a) | 15248607 | &nbsp;&nbsp;&nbsp; 15456992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.633%, 1M TSFR + 0.964%, 09/20/66 (a) | 1369294 | &nbsp;&nbsp;&nbsp; 1374972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.693%, SOFR30A + 1.020%, 12/20/72 (a) | 4839860 | &nbsp;&nbsp;&nbsp; 4921826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.783%, 1M TSFR + 1.114%, 12/20/65 (a) | 3533818 | &nbsp;&nbsp;&nbsp; 3553515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.783%, 1M TSFR + 1.114%, 01/20/67 (a) | 1740222 | &nbsp;&nbsp;&nbsp; 1751127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.577%, 12M TSFR + 1.515%, 09/20/67 (a) | 2462988 | &nbsp;&nbsp;&nbsp; 2498807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.920%, 09/20/66 (a) | 1457938 | &nbsp;&nbsp;&nbsp; 1488926 |
|  |  | &nbsp;&nbsp;&nbsp; 78393895 |
| **Agency Mortgage-Backed Securities — 42.7%** | **Agency Mortgage-Backed Securities — 42.7%** | **Agency Mortgage-Backed Securities — 42.7%** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/01/32 | 4355199 | &nbsp;&nbsp;&nbsp; 4209327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/26 | 860 | &nbsp;&nbsp;&nbsp; 858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/32 | 46376 | &nbsp;&nbsp;&nbsp; 45653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/33 | 115040 | &nbsp;&nbsp;&nbsp; 113006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/33 | 3566 | &nbsp;&nbsp;&nbsp; 3502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/33 | 149100 | &nbsp;&nbsp;&nbsp; 146400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/33 | 315558 | &nbsp;&nbsp;&nbsp; 309809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/34 | 33338 | &nbsp;&nbsp;&nbsp; 32716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/34 | 56229 | &nbsp;&nbsp;&nbsp; 55169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/34 | 587728 | &nbsp;&nbsp;&nbsp; 575790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/34 | 230375 | &nbsp;&nbsp;&nbsp; 225916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/01/34 | 51650 | &nbsp;&nbsp;&nbsp; 50522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/34 | 21283 | &nbsp;&nbsp;&nbsp; 20810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/35 | 88068 | &nbsp;&nbsp;&nbsp; 85242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/30 | 7544 | &nbsp;&nbsp;&nbsp; 7500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/30 | 48907 | &nbsp;&nbsp;&nbsp; 48598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/30 | 2562 | &nbsp;&nbsp;&nbsp; 2546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/33 | 2194 | &nbsp;&nbsp;&nbsp; 2190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/40 | 121656 | &nbsp;&nbsp;&nbsp; 117761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/52 | 2146753 | &nbsp;&nbsp;&nbsp; 2026618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/34 | 3945 | &nbsp;&nbsp;&nbsp; 3941 |

---

---

| | | |
|:---|:---|:---|
| **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; 4.500%, 06/01/35 | 12378 | &nbsp;&nbsp;&nbsp; $12268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/41 | 11383 | &nbsp;&nbsp;&nbsp; 11279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/52 | 260770 | &nbsp;&nbsp;&nbsp; 260230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/01/53 | 5415440 | &nbsp;&nbsp;&nbsp; 5363003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/53 | 6324851 | &nbsp;&nbsp;&nbsp; 6334100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/53 | 681398 | &nbsp;&nbsp;&nbsp; 679209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/54 | 265636 | &nbsp;&nbsp;&nbsp; 262214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/33 | 245 | &nbsp;&nbsp;&nbsp; 253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/01/33 | 376 | &nbsp;&nbsp;&nbsp; 378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/01/33 | 361 | &nbsp;&nbsp;&nbsp; 367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/33 | 1004 | &nbsp;&nbsp;&nbsp; 1010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/34 | 447 | &nbsp;&nbsp;&nbsp; 449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/34 | 7094 | &nbsp;&nbsp;&nbsp; 7138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/35 | 6486 | &nbsp;&nbsp;&nbsp; 6644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/01/35 | 359 | &nbsp;&nbsp;&nbsp; 367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/35 | 7119 | &nbsp;&nbsp;&nbsp; 7286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/01/35 | 16900 | &nbsp;&nbsp;&nbsp; 17383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/35 | 9211 | &nbsp;&nbsp;&nbsp; 9517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/36 | 9067 | &nbsp;&nbsp;&nbsp; 9368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/36 | 4541 | &nbsp;&nbsp;&nbsp; 4662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/36 | 337581 | &nbsp;&nbsp;&nbsp; 348309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/01/36 | 7158 | &nbsp;&nbsp;&nbsp; 7395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/01/36 | 10207 | &nbsp;&nbsp;&nbsp; 10342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/36 | 1310 | &nbsp;&nbsp;&nbsp; 1326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/36 | 50896 | &nbsp;&nbsp;&nbsp; 52586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/37 | 5409 | &nbsp;&nbsp;&nbsp; 5556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/37 | 3624 | &nbsp;&nbsp;&nbsp; 3745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/37 | 20633 | &nbsp;&nbsp;&nbsp; 21052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/37 | 22384 | &nbsp;&nbsp;&nbsp; 22905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/01/37 | 42589 | &nbsp;&nbsp;&nbsp; 44004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/01/37 | 16198 | &nbsp;&nbsp;&nbsp; 16736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/37 | 2887 | &nbsp;&nbsp;&nbsp; 2982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/37 | 2223 | &nbsp;&nbsp;&nbsp; 2296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/01/37 | 52607 | &nbsp;&nbsp;&nbsp; 54354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/37 | 3849 | &nbsp;&nbsp;&nbsp; 3947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/38 | 18322 | &nbsp;&nbsp;&nbsp; 18903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/38 | 45905 | &nbsp;&nbsp;&nbsp; 47363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/38 | 22617 | &nbsp;&nbsp;&nbsp; 23205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/38 | 34222 | &nbsp;&nbsp;&nbsp; 35282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/01/38 | 28775 | &nbsp;&nbsp;&nbsp; 29543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/38 | 75904 | &nbsp;&nbsp;&nbsp; 78103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/01/38 | 92359 | &nbsp;&nbsp;&nbsp; 95266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/01/38 | 236587 | &nbsp;&nbsp;&nbsp; 244304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/38 | 62913 | &nbsp;&nbsp;&nbsp; 64741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/38 | 1926610 | &nbsp;&nbsp;&nbsp; 1982400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/01/38 | 656241 | &nbsp;&nbsp;&nbsp; 675926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/38 | 4384 | &nbsp;&nbsp;&nbsp; 4475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/39 | 158687 | &nbsp;&nbsp;&nbsp; 163762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/39 | 42157 | &nbsp;&nbsp;&nbsp; 43128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/39 | 17071 | &nbsp;&nbsp;&nbsp; 17596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/39 | 599024 | &nbsp;&nbsp;&nbsp; 616585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/39 | 8337 | &nbsp;&nbsp;&nbsp; 8550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/40 | 17908 | &nbsp;&nbsp;&nbsp; 18427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/40 | 2996 | &nbsp;&nbsp;&nbsp; 3083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/01/40 | 615 | &nbsp;&nbsp;&nbsp; 633 |

---

**BHFTI-255**

------

**Brighthouse Funds Trust I**

**PIMCO 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; 5.500%, 08/01/40 | 20081 | &nbsp;&nbsp;&nbsp; $20617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/54 | 27445 | &nbsp;&nbsp;&nbsp; 27610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/54 | 1748922 | &nbsp;&nbsp;&nbsp; 1758635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.733%, 1Y H15 + 2.108%, 02/01/35 (a) | 11496 | &nbsp;&nbsp;&nbsp; 11904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.804%, 1Y RFUCCT + 1.625%, 02/01/35 (a) | 7952 | &nbsp;&nbsp;&nbsp; 8182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.824%, 1Y RFUCCT + 1.621%, 02/01/35 (a) | 2453 | &nbsp;&nbsp;&nbsp; 2506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 1Y H15 + 2.250%, 11/01/31 (a) | 1964 | &nbsp;&nbsp;&nbsp; 1996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 1Y H15 + 2.250%, 02/01/35 (a) | 8048 | &nbsp;&nbsp;&nbsp; 8367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.880%, 1Y H15 + 2.250%, 01/01/35 (a) | 20006 | &nbsp;&nbsp;&nbsp; 20789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.893%, 1Y H15 + 2.250%, 11/01/34 (a) | 9967 | &nbsp;&nbsp;&nbsp; 10279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.927%, 1Y RFUCCT + 1.677%, 01/01/35 (a) | 4010 | &nbsp;&nbsp;&nbsp; 4089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.928%, 1Y RFUCCT + 1.678%, 02/01/35 (a) | 4556 | &nbsp;&nbsp;&nbsp; 4647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/01/53 | 7436168 | &nbsp;&nbsp;&nbsp; 7618331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/53 | 739813 | &nbsp;&nbsp;&nbsp; 756447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/53 | 12555491 | &nbsp;&nbsp;&nbsp; 12832305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/01/54 | 1997903 | &nbsp;&nbsp;&nbsp; 2040567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/54 | 2528815 | &nbsp;&nbsp;&nbsp; 2581512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/54 | 14699757 | &nbsp;&nbsp;&nbsp; 14992158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/01/54 | 2588290 | &nbsp;&nbsp;&nbsp; 2639319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.090%, 1Y RFUCCT + 1.345%, 09/01/35 (a) | 30440 | &nbsp;&nbsp;&nbsp; 31191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.106%, 1Y H15 + 2.107%, 10/01/34 (a) | 6408 | &nbsp;&nbsp;&nbsp; 6585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.145%, 1Y H15 + 2.250%, 08/01/35 (a) | 40870 | &nbsp;&nbsp;&nbsp; 42484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.151%, 1Y RFUCCT + 1.901%, 02/01/35 (a) | 4854 | &nbsp;&nbsp;&nbsp; 5005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.275%, 1Y RFUCCT + 1.900%, 11/01/34 (a) | 1719 | &nbsp;&nbsp;&nbsp; 1757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.277%, 1Y H15 + 2.182%, 09/01/35 (a) | 26526 | &nbsp;&nbsp;&nbsp; 27223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.289%, 1Y H15 + 2.250%, 06/01/35 (a) | 88506 | &nbsp;&nbsp;&nbsp; 91934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.455%, 1Y RFUCCT + 1.892%, 11/01/34 (a) | 5907 | &nbsp;&nbsp;&nbsp; 6076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.520%, 1Y H15 + 2.436%, 01/01/29 (a) | 6668 | &nbsp;&nbsp;&nbsp; 6690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.650%, 1Y RFUCCT + 1.900%, 11/01/34 (a) | 2020 | &nbsp;&nbsp;&nbsp; 2073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.711%, 1Y RFUCCT + 1.961%, 08/01/32 (a) | 20934 | &nbsp;&nbsp;&nbsp; 21401 |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/28 | 28171 | &nbsp;&nbsp;&nbsp; 27746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/30 | 1790834 | &nbsp;&nbsp;&nbsp; 1756810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/49 | 1703542 | &nbsp;&nbsp;&nbsp; 1500173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/01/26 | 2631 | &nbsp;&nbsp;&nbsp; 2620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/26 | 9576 | &nbsp;&nbsp;&nbsp; 9531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/28 | 70863 | &nbsp;&nbsp;&nbsp; 70015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/29 | 49983 | &nbsp;&nbsp;&nbsp; 49572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/29 | 10615 | &nbsp;&nbsp;&nbsp; 10497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/31 | 13013 | &nbsp;&nbsp;&nbsp; 12871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/32 | 98009 | &nbsp;&nbsp;&nbsp; 96505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/32 | 159890 | &nbsp;&nbsp;&nbsp; 157406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/33 | 92046 | &nbsp;&nbsp;&nbsp; 90235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/33 | 115721 | &nbsp;&nbsp;&nbsp; 113674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/33 | 71908 | &nbsp;&nbsp;&nbsp; 70615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/33 | 349080 | &nbsp;&nbsp;&nbsp; 341000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/01/33 | 177410 | &nbsp;&nbsp;&nbsp; 173433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/34 | 3098310 | &nbsp;&nbsp;&nbsp; 3037902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/34 | 155717 | &nbsp;&nbsp;&nbsp; 152013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/34 | 372020 | &nbsp;&nbsp;&nbsp; 364135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/35 | 21947 | &nbsp;&nbsp;&nbsp; 21449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/35 | 46433 | &nbsp;&nbsp;&nbsp; 45568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/35 | 1408599 | &nbsp;&nbsp;&nbsp; 1378537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/40 | 141769 | &nbsp;&nbsp;&nbsp; 135215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/40 | 3018080 | &nbsp;&nbsp;&nbsp; 2877149 |

---

---

| | | |
|:---|:---|:---|
| **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%, 06/01/26 | 277 | &nbsp;&nbsp;&nbsp; $276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/29 | 3955 | &nbsp;&nbsp;&nbsp; 3935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/29 | 11574 | &nbsp;&nbsp;&nbsp; 11515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/30 | 8101 | &nbsp;&nbsp;&nbsp; 8067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/30 | 14905 | &nbsp;&nbsp;&nbsp; 14805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/30 | 12494 | &nbsp;&nbsp;&nbsp; 12409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/30 | 12319 | &nbsp;&nbsp;&nbsp; 12193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/30 | 379 | &nbsp;&nbsp;&nbsp; 376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/30 | 43662 | &nbsp;&nbsp;&nbsp; 43331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/30 | 6649 | &nbsp;&nbsp;&nbsp; 6597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/31 | 889 | &nbsp;&nbsp;&nbsp; 881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/31 | 24446 | &nbsp;&nbsp;&nbsp; 24244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/33 | 20505 | &nbsp;&nbsp;&nbsp; 20391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/34 | 33112 | &nbsp;&nbsp;&nbsp; 32207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/35 | 14525 | &nbsp;&nbsp;&nbsp; 14203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/41 | 19958 | &nbsp;&nbsp;&nbsp; 19275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/43 | 133612 | &nbsp;&nbsp;&nbsp; 128958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/52 | 363534 | &nbsp;&nbsp;&nbsp; 347331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/52 | 1304998 | &nbsp;&nbsp;&nbsp; 1249356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 11/01/29 | 1300000 | &nbsp;&nbsp;&nbsp; 1300101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/26 | 9 | &nbsp;&nbsp;&nbsp; 9 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/01/27 | 7 | &nbsp;&nbsp;&nbsp; 7 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/31 | 4224 | &nbsp;&nbsp;&nbsp; 4233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/39 | 9093 | &nbsp;&nbsp;&nbsp; 8999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/39 | 16872 | &nbsp;&nbsp;&nbsp; 16697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/01/39 | 2765 | &nbsp;&nbsp;&nbsp; 2736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/40 | 6381 | &nbsp;&nbsp;&nbsp; 6315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/40 | 7317 | &nbsp;&nbsp;&nbsp; 7241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/01/40 | 27459 | &nbsp;&nbsp;&nbsp; 27155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/41 | 5420 | &nbsp;&nbsp;&nbsp; 5302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/41 | 138772 | &nbsp;&nbsp;&nbsp; 136085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/01/42 | 17866 | &nbsp;&nbsp;&nbsp; 17620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/42 | 83471 | &nbsp;&nbsp;&nbsp; 81598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/53 | 4539407 | &nbsp;&nbsp;&nbsp; 4410979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.714%, ECOFC + 1.934%, 12/01/36 (a) | 6237 | &nbsp;&nbsp;&nbsp; 6315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/33 | 4900 | &nbsp;&nbsp;&nbsp; 4884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/33 | 19561 | &nbsp;&nbsp;&nbsp; 19580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/33 | 391 | &nbsp;&nbsp;&nbsp; 391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/33 | 349 | &nbsp;&nbsp;&nbsp; 353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/33 | 3858 | &nbsp;&nbsp;&nbsp; 3898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/33 | 105 | &nbsp;&nbsp;&nbsp; 106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/34 | 8075 | &nbsp;&nbsp;&nbsp; 8202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/34 | 24691 | &nbsp;&nbsp;&nbsp; 24903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/34 | 443 | &nbsp;&nbsp;&nbsp; 448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/34 | 10079 | &nbsp;&nbsp;&nbsp; 10117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/35 | 6516 | &nbsp;&nbsp;&nbsp; 6545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/35 | 11 | &nbsp;&nbsp;&nbsp; 11 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/35 | 13156 | &nbsp;&nbsp;&nbsp; 13238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/38 | 30359 | &nbsp;&nbsp;&nbsp; 30733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/39 | 5414 | &nbsp;&nbsp;&nbsp; 5472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/39 | 647 | &nbsp;&nbsp;&nbsp; 649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/39 | 4491 | &nbsp;&nbsp;&nbsp; 4538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/40 | 9005 | &nbsp;&nbsp;&nbsp; 9058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/42 | 31728 | &nbsp;&nbsp;&nbsp; 31914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/53 | 44229794 | &nbsp;&nbsp;&nbsp; 43831308 |

---

**BHFTI-256**

------

**Brighthouse Funds Trust I**

**PIMCO 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; 5.000%, 06/01/53 | 730813 | &nbsp;&nbsp;&nbsp; $727903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/53 | 8250056 | &nbsp;&nbsp;&nbsp; 8212269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.114%, 12M MTA + 1.200%, 08/01/41 (a) | 26700 | &nbsp;&nbsp;&nbsp; 26708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.114%, 12M MTA + 1.200%, 07/01/42 (a) | 45156 | &nbsp;&nbsp;&nbsp; 44910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.114%, 12M MTA + 1.200%, 08/01/42 (a) | 69659 | &nbsp;&nbsp;&nbsp; 69856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.114%, 12M MTA + 1.200%, 10/01/44 (a) | 61649 | &nbsp;&nbsp;&nbsp; 61829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.164%, 12M MTA + 1.250%, 09/01/41 (a) | 139680 | &nbsp;&nbsp;&nbsp; 140392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.373%, 6M RFUCCT + 1.373%, 09/01/35 (a) | 68048 | &nbsp;&nbsp;&nbsp; 68894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/33 | 10216 | &nbsp;&nbsp;&nbsp; 10312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/01/33 | 2379 | &nbsp;&nbsp;&nbsp; 2429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/33 | 51780 | &nbsp;&nbsp;&nbsp; 52041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/01/33 | 70784 | &nbsp;&nbsp;&nbsp; 71140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/33 | 328 | &nbsp;&nbsp;&nbsp; 330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/34 | 426 | &nbsp;&nbsp;&nbsp; 435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/01/34 | 2237 | &nbsp;&nbsp;&nbsp; 2248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/01/34 | 64649 | &nbsp;&nbsp;&nbsp; 64975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/34 | 908 | &nbsp;&nbsp;&nbsp; 927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/01/34 | 67043 | &nbsp;&nbsp;&nbsp; 68423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/34 | 158280 | &nbsp;&nbsp;&nbsp; 161854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/35 | 59422 | &nbsp;&nbsp;&nbsp; 60675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/35 | 76141 | &nbsp;&nbsp;&nbsp; 77782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/35 | 158403 | &nbsp;&nbsp;&nbsp; 163288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/01/35 | 9177 | &nbsp;&nbsp;&nbsp; 9270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/01/35 | 27572 | &nbsp;&nbsp;&nbsp; 28436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/35 | 41916 | &nbsp;&nbsp;&nbsp; 43163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/01/35 | 35900 | &nbsp;&nbsp;&nbsp; 37015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/35 | 436596 | &nbsp;&nbsp;&nbsp; 450327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/35 | 47498 | &nbsp;&nbsp;&nbsp; 49009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/35 | 238968 | &nbsp;&nbsp;&nbsp; 245983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/36 | 58582 | &nbsp;&nbsp;&nbsp; 60452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/36 | 49349 | &nbsp;&nbsp;&nbsp; 50926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/01/36 | 404 | &nbsp;&nbsp;&nbsp; 417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/01/36 | 212739 | &nbsp;&nbsp;&nbsp; 217313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/36 | 25359 | &nbsp;&nbsp;&nbsp; 25889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/01/36 | 15218 | &nbsp;&nbsp;&nbsp; 15711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/36 | 1036 | &nbsp;&nbsp;&nbsp; 1055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/37 | 276 | &nbsp;&nbsp;&nbsp; 284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/01/37 | 6678 | &nbsp;&nbsp;&nbsp; 6846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/01/37 | 197879 | &nbsp;&nbsp;&nbsp; 204198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/38 | 1763 | &nbsp;&nbsp;&nbsp; 1814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/38 | 62937 | &nbsp;&nbsp;&nbsp; 64905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/38 | 303251 | &nbsp;&nbsp;&nbsp; 311976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/01/38 | 439392 | &nbsp;&nbsp;&nbsp; 452520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/38 | 16654 | &nbsp;&nbsp;&nbsp; 17122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/38 | 12726 | &nbsp;&nbsp;&nbsp; 12851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/38 | 134257 | &nbsp;&nbsp;&nbsp; 138546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/01/38 | 37736 | &nbsp;&nbsp;&nbsp; 38848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/01/39 | 11841 | &nbsp;&nbsp;&nbsp; 12186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/01/39 | 5018 | &nbsp;&nbsp;&nbsp; 5105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/01/39 | 489801 | &nbsp;&nbsp;&nbsp; 503373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/40 | 113443 | &nbsp;&nbsp;&nbsp; 116589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/40 | 42741 | &nbsp;&nbsp;&nbsp; 43140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/40 | 69100 | &nbsp;&nbsp;&nbsp; 71332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/01/41 | 837603 | &nbsp;&nbsp;&nbsp; 860809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/49 | 40056 | &nbsp;&nbsp;&nbsp; 40959 |

---

---

| | | |
|:---|:---|:---|
| **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%, 07/01/53 | 816615 | &nbsp;&nbsp;&nbsp; $823021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/01/53 | 2584583 | &nbsp;&nbsp;&nbsp; 2606336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/53 | 384731 | &nbsp;&nbsp;&nbsp; 387853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/53 | 409424 | &nbsp;&nbsp;&nbsp; 412609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/01/54 | 1865062 | &nbsp;&nbsp;&nbsp; 1879267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.510%, ECOFC + 1.751%, 09/01/34 (a) | 1461 | &nbsp;&nbsp;&nbsp; 1448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.525%, 1Y H15 + 1.900%, 02/01/31 (a) | 58744 | &nbsp;&nbsp;&nbsp; 59325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.561%, 1Y RFUCCT + 1.261%, 12/01/34 (a) | 206956 | &nbsp;&nbsp;&nbsp; 210387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.647%, 12M MTA + 1.706%, 11/01/35 (a) | 38449 | &nbsp;&nbsp;&nbsp; 39050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.710%, 1Y RFUCCT + 1.335%, 12/01/34 (a) | 48417 | &nbsp;&nbsp;&nbsp; 49112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.711%, 6M RFUCCT + 1.412%, 06/01/33 (a) | 3692 | &nbsp;&nbsp;&nbsp; 3746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.730%, 6M RFUCCT + 1.605%, 08/01/36 (a) | 12226 | &nbsp;&nbsp;&nbsp; 12474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.788%, 6M RFUCCT + 1.538%, 01/01/36 (a) | 4179 | &nbsp;&nbsp;&nbsp; 4253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.803%, 1Y RFUCCT + 1.537%, 01/01/35 (a) | 10421 | &nbsp;&nbsp;&nbsp; 10731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.835%, 1Y H15 + 2.191%, 02/01/35 (a) | 11151 | &nbsp;&nbsp;&nbsp; 11596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.842%, 1Y H15 + 2.012%, 07/01/33 (a) | 1372 | &nbsp;&nbsp;&nbsp; 1396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 1Y RFUCCT + 1.350%, 11/01/34 (a) | 1496 | &nbsp;&nbsp;&nbsp; 1518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.853%, 1Y RFUCCT + 1.553%, 01/01/35 (a) | 5204 | &nbsp;&nbsp;&nbsp; 5355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.868%, 6M RFUCCT + 1.520%, 01/01/35 (a) | 18512 | &nbsp;&nbsp;&nbsp; 19201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.870%, 1Y RFUCCT + 1.620%, 02/01/35 (a) | 3340 | &nbsp;&nbsp;&nbsp; 3447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.925%, 1Y RFUCCT + 1.607%, 12/01/34 (a) | 3556 | &nbsp;&nbsp;&nbsp; 3634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.927%, 1Y RFUCCT + 1.630%, 01/01/35 (a) | 3539 | &nbsp;&nbsp;&nbsp; 3618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.998%, 1Y RFUCCT + 1.618%, 03/01/33 (a) | 1020 | &nbsp;&nbsp;&nbsp; 1037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/28 | 3349 | &nbsp;&nbsp;&nbsp; 3421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/01/29 | 957 | &nbsp;&nbsp;&nbsp; 975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/29 | 6 | &nbsp;&nbsp;&nbsp; 6 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/29 | 257 | &nbsp;&nbsp;&nbsp; 262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/29 | 345 | &nbsp;&nbsp;&nbsp; 352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/32 | 24758 | &nbsp;&nbsp;&nbsp; 25244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/32 | 16739 | &nbsp;&nbsp;&nbsp; 17075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/33 | 3010 | &nbsp;&nbsp;&nbsp; 3093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/33 | 2891 | &nbsp;&nbsp;&nbsp; 2971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/33 | 3036 | &nbsp;&nbsp;&nbsp; 3120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/01/34 | 254 | &nbsp;&nbsp;&nbsp; 259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/34 | 2021 | &nbsp;&nbsp;&nbsp; 2060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/35 | 145316 | &nbsp;&nbsp;&nbsp; 149658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/35 | 3616 | &nbsp;&nbsp;&nbsp; 3756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/35 | 132 | &nbsp;&nbsp;&nbsp; 135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/35 | 10108 | &nbsp;&nbsp;&nbsp; 10330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/35 | 1613 | &nbsp;&nbsp;&nbsp; 1687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/35 | 98581 | &nbsp;&nbsp;&nbsp; 101560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/35 | 6664 | &nbsp;&nbsp;&nbsp; 6858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/36 | 787 | &nbsp;&nbsp;&nbsp; 806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/36 | 19944 | &nbsp;&nbsp;&nbsp; 20827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/36 | 428 | &nbsp;&nbsp;&nbsp; 436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/36 | 3324 | &nbsp;&nbsp;&nbsp; 3432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/01/36 | 372131 | &nbsp;&nbsp;&nbsp; 390322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/36 | 48642 | &nbsp;&nbsp;&nbsp; 50799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/01/36 | 3035 | &nbsp;&nbsp;&nbsp; 3146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/36 | 6033 | &nbsp;&nbsp;&nbsp; 6268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/01/37 | 48664 | &nbsp;&nbsp;&nbsp; 50662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/37 | 99862 | &nbsp;&nbsp;&nbsp; 104742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/37 | 25634 | &nbsp;&nbsp;&nbsp; 26662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/37 | 9455 | &nbsp;&nbsp;&nbsp; 9638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/37 | 6790 | &nbsp;&nbsp;&nbsp; 7123 |

---

**BHFTI-257**

------

**Brighthouse Funds Trust I**

**PIMCO 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; 6.000%, 08/01/37 | 6948 | &nbsp;&nbsp;&nbsp; $7289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/37 | 11654 | &nbsp;&nbsp;&nbsp; 12202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/38 | 112677 | &nbsp;&nbsp;&nbsp; 118213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/38 | 2112 | &nbsp;&nbsp;&nbsp; 2202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/01/38 | 3035 | &nbsp;&nbsp;&nbsp; 3146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/38 | 215017 | &nbsp;&nbsp;&nbsp; 225586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/01/38 | 16403 | &nbsp;&nbsp;&nbsp; 17209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/01/39 | 17068 | &nbsp;&nbsp;&nbsp; 17905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/39 | 105558 | &nbsp;&nbsp;&nbsp; 110730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/39 | 21020 | &nbsp;&nbsp;&nbsp; 21986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/01/39 | 109341 | &nbsp;&nbsp;&nbsp; 113910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/49 | 772213 | &nbsp;&nbsp;&nbsp; 803864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/53 | 8737445 | &nbsp;&nbsp;&nbsp; 8934427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.027%, 1Y RFUCCT + 1.667%, 01/01/35 (a) | 6039 | &nbsp;&nbsp;&nbsp; 6227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.047%, 1Y H15 + 2.095%, 10/01/35 (a) | 36788 | &nbsp;&nbsp;&nbsp; 37756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.159%, 1Y H15 + 2.215%, 09/01/31 (a) | 6332 | &nbsp;&nbsp;&nbsp; 6395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.176%, 1Y RFUCCT + 1.362%, 03/01/35 (a) | 6825 | &nbsp;&nbsp;&nbsp; 6938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.205%, 1Y RFUCCT + 1.595%, 10/01/34 (a) | 3438 | &nbsp;&nbsp;&nbsp; 3517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.208%, 1Y H15 + 2.144%, 11/01/35 (a) | 59909 | &nbsp;&nbsp;&nbsp; 61833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.211%, 1Y RFUCCT + 1.670%, 11/01/34 (a) | 9068 | &nbsp;&nbsp;&nbsp; 9386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.223%, 1Y H15 + 2.223%, 08/01/35 (a) | 35018 | &nbsp;&nbsp;&nbsp; 36088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.232%, 1Y H15 + 2.360%, 11/01/34 (a) | 224365 | &nbsp;&nbsp;&nbsp; 234375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.272%, 1Y H15 + 2.072%, 10/01/28 (a) | 17467 | &nbsp;&nbsp;&nbsp; 17559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.298%, 1Y H15 + 2.299%, 04/01/34 (a) | 773 | &nbsp;&nbsp;&nbsp; 795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.410%, 1Y RFUCCT + 1.660%, 05/01/34 (a) | 162700 | &nbsp;&nbsp;&nbsp; 165616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.477%, 1Y RFUCCT + 1.750%, 08/01/35 (a) | 77617 | &nbsp;&nbsp;&nbsp; 80101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.494%, 1Y RFUCCT + 1.648%, 09/01/32 (a) | 26493 | &nbsp;&nbsp;&nbsp; 27049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.515%, 1Y RFUCCT + 1.636%, 05/01/35 (a) | 7681 | &nbsp;&nbsp;&nbsp; 7942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.560%, 1Y RFUCCT + 1.810%, 09/01/34 (a) | 96361 | &nbsp;&nbsp;&nbsp; 99181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.563%, 1Y H15 + 2.313%, 05/01/35 (a) | 41977 | &nbsp;&nbsp;&nbsp; 43429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.662%, 1Y RFUCCT + 1.810%, 04/01/35 (a) | 10921 | &nbsp;&nbsp;&nbsp; 11282 |
| Federal National Mortgage Association-ACES |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.243%, 01/25/31 (a) (b) | 20512590 | &nbsp;&nbsp;&nbsp; 936088 |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/15/49 | 1504306 | &nbsp;&nbsp;&nbsp; 1343779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/20/52 | 515557 | &nbsp;&nbsp;&nbsp; 476828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/20/52 | 313201 | &nbsp;&nbsp;&nbsp; 289673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/20/52 | 168410 | &nbsp;&nbsp;&nbsp; 155393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/20/52 | 142553 | &nbsp;&nbsp;&nbsp; 131800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/20/55 | 1999998 | &nbsp;&nbsp;&nbsp; 1835199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/20/55 | 17698238 | &nbsp;&nbsp;&nbsp; 16239906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/15/52 | 7793330 | &nbsp;&nbsp;&nbsp; 7344104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/20/55 | 98798 | &nbsp;&nbsp;&nbsp; 92616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/20/49 | 8450 | &nbsp;&nbsp;&nbsp; 8309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/15/33 | 1827 | &nbsp;&nbsp;&nbsp; 1822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/33 | 5131 | &nbsp;&nbsp;&nbsp; 5192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/34 | 1533 | &nbsp;&nbsp;&nbsp; 1531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/15/34 | 333 | &nbsp;&nbsp;&nbsp; 332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/15/35 | 808 | &nbsp;&nbsp;&nbsp; 822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/15/36 | 514 | &nbsp;&nbsp;&nbsp; 525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/15/38 | 135785 | &nbsp;&nbsp;&nbsp; 138617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/39 | 21413 | &nbsp;&nbsp;&nbsp; 21840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/15/39 | 35861 | &nbsp;&nbsp;&nbsp; 36607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/15/39 | 190776 | &nbsp;&nbsp;&nbsp; 194752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/39 | 675344 | &nbsp;&nbsp;&nbsp; 689096 |

---

---

| | | |
|:---|:---|:---|
| **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%, 06/15/39 | 210423 | &nbsp;&nbsp;&nbsp; $214796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/15/39 | 115090 | &nbsp;&nbsp;&nbsp; 118621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/40 | 7513 | &nbsp;&nbsp;&nbsp; 7669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/15/40 | 76316 | &nbsp;&nbsp;&nbsp; 77903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/40 | 5831 | &nbsp;&nbsp;&nbsp; 5952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/15/47 | 16721 | &nbsp;&nbsp;&nbsp; 16649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/15/48 | 1113994 | &nbsp;&nbsp;&nbsp; 1105962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/15/48 | 1234180 | &nbsp;&nbsp;&nbsp; 1225172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/15/49 | 1643754 | &nbsp;&nbsp;&nbsp; 1666964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/49 | 274837 | &nbsp;&nbsp;&nbsp; 276852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/20/49 | 39702 | &nbsp;&nbsp;&nbsp; 40056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/20/49 | 87118 | &nbsp;&nbsp;&nbsp; 87759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/15/50 | 251361 | &nbsp;&nbsp;&nbsp; 251413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/15/52 | 6116450 | &nbsp;&nbsp;&nbsp; 6071158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 1Y H15 + 1.500%, 11/20/26 (a) | 296 | &nbsp;&nbsp;&nbsp; 295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 1Y H15 + 1.500%, 11/20/27 (a) | 1147 | &nbsp;&nbsp;&nbsp; 1149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 1Y H15 + 1.500%, 10/20/29 (a) | 672 | &nbsp;&nbsp;&nbsp; 671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 1Y H15 + 1.500%, 10/20/30 (a) | 472 | &nbsp;&nbsp;&nbsp; 476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 1Y H15 + 1.500%, 11/20/30 (a) | 1707 | &nbsp;&nbsp;&nbsp; 1713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 1Y H15 + 1.500%, 08/20/27 (a) | 1899 | &nbsp;&nbsp;&nbsp; 1899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 1Y H15 + 1.500%, 09/20/27 (a) | 11174 | &nbsp;&nbsp;&nbsp; 11248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 1Y H15 + 1.500%, 07/20/29 (a) | 1010 | &nbsp;&nbsp;&nbsp; 1011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 1Y H15 + 1.500%, 08/20/29 (a) | 1084 | &nbsp;&nbsp;&nbsp; 1085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 1Y H15 + 1.500%, 09/20/29 (a) | 2037 | &nbsp;&nbsp;&nbsp; 2043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 1Y H15 + 1.500%, 08/20/31 (a) | 339 | &nbsp;&nbsp;&nbsp; 338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 1Y H15 + 1.500%, 09/20/33 (a) | 10338 | &nbsp;&nbsp;&nbsp; 10464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 1Y H15 + 1.500%, 01/20/27 (a) | 114 | &nbsp;&nbsp;&nbsp; 114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 1Y H15 + 1.500%, 06/20/27 (a) | 302 | &nbsp;&nbsp;&nbsp; 302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 1Y H15 + 1.500%, 02/20/28 (a) | 696 | &nbsp;&nbsp;&nbsp; 695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 1Y H15 + 1.500%, 03/20/28 (a) | 949 | &nbsp;&nbsp;&nbsp; 947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 1Y H15 + 1.500%, 05/20/28 (a) | 523 | &nbsp;&nbsp;&nbsp; 525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 1Y H15 + 1.500%, 05/20/29 (a) | 801 | &nbsp;&nbsp;&nbsp; 800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 1Y H15 + 1.500%, 01/20/30 (a) | 3780 | &nbsp;&nbsp;&nbsp; 3778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 1Y H15 + 1.500%, 04/20/30 (a) | 1796 | &nbsp;&nbsp;&nbsp; 1798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 1Y H15 + 1.500%, 05/20/30 (a) | 3777 | &nbsp;&nbsp;&nbsp; 3783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 1Y H15 + 1.500%, 06/20/30 (a) | 1167 | &nbsp;&nbsp;&nbsp; 1163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 1Y H15 + 1.500%, 04/20/31 (a) | 1935 | &nbsp;&nbsp;&nbsp; 1930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 1Y H15 + 2.000%, 10/20/31 (a) | 2558 | &nbsp;&nbsp;&nbsp; 2599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 1Y H15 + 1.500%, 03/20/32 (a) | 77 | &nbsp;&nbsp;&nbsp; 78 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 1Y H15 + 1.500%, 04/20/32 (a) | 1294 | &nbsp;&nbsp;&nbsp; 1293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 1Y H15 + 1.500%, 05/20/32 (a) | 2374 | &nbsp;&nbsp;&nbsp; 2365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 1Y H15 + 1.500%, 03/20/33 (a) | 755 | &nbsp;&nbsp;&nbsp; 763 |
| Government National Mortgage Association, TBA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, TBA (c) | 8600000 | &nbsp;&nbsp;&nbsp; 7099367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, TBA (c) | 18000000 | &nbsp;&nbsp;&nbsp; 16506996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, TBA (c) | 39200000 | &nbsp;&nbsp;&nbsp; 36692349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, TBA (c) | 33100000 | &nbsp;&nbsp;&nbsp; 31971328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, TBA (c) | 48240000 | &nbsp;&nbsp;&nbsp; 47633607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, TBA (c) | 51300000 | &nbsp;&nbsp;&nbsp; 52162158 |
| Uniform Mortgage-Backed Security, TBA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, TBA (c) | 374100000 | &nbsp;&nbsp;&nbsp; 327942401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, TBA (c) | 31300000 | &nbsp;&nbsp;&nbsp; 28622489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, TBA (c) | 47160000 | &nbsp;&nbsp;&nbsp; 44465637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, TBA (c) | 109000000 | &nbsp;&nbsp;&nbsp; 105059670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, TBA (c) | 58940000 | &nbsp;&nbsp;&nbsp; 58097269 |

---

**BHFTI-258**

------

**Brighthouse Funds Trust I**

**PIMCO 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)** |
| Uniform Mortgage-Backed Security, TBA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, TBA (c) | 401100000 | &nbsp;&nbsp;&nbsp; $402215143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, TBA (c) | 88800000 | &nbsp;&nbsp;&nbsp; 90367170 |
|  |  | &nbsp;&nbsp;&nbsp; 1458938141 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Agency Sponsored Mortgage-Backed Securities <br>(Cost $1,541,185,663) <br>|  | &nbsp;&nbsp;&nbsp; 1537332036 |
| **Corporate Bonds & Notes—42.4%** | **Corporate Bonds & Notes—42.4%** | **Corporate Bonds & Notes—42.4%** |
| **Aerospace/Defense — 0.1%** | **Aerospace/Defense — 0.1%** | **Aerospace/Defense — 0.1%** |
| Boeing Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.259%, 05/01/27 | 2600000 | &nbsp;&nbsp;&nbsp; 2644889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.298%, 05/01/29 | 300000 | &nbsp;&nbsp;&nbsp; 314950 |
| Spirit AeroSystems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 06/15/28 | 1600000 | &nbsp;&nbsp;&nbsp; 1600437 |
|  |  | &nbsp;&nbsp;&nbsp; 4560276 |
| **Agriculture — 0.6%** | **Agriculture — 0.6%** | **Agriculture — 0.6%** |
| BAT International Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.931%, 02/02/29 | 8300000 | &nbsp;&nbsp;&nbsp; 8610289 |
| Imperial Brands Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 07/26/29 (144A) | 12800000 | &nbsp;&nbsp;&nbsp; 12487280 |
|  |  | &nbsp;&nbsp;&nbsp; 21097569 |
| **Airlines — 0.4%** | **Airlines — 0.4%** | **Airlines — 0.4%** |
| Air Canada Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 07/15/31 (144A) | 800800 | &nbsp;&nbsp;&nbsp; 765754 |
| American Airlines Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 03/22/29 | 789319 | &nbsp;&nbsp;&nbsp; 779829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 04/01/28 | 2063916 | &nbsp;&nbsp;&nbsp; 2056592 |
| British Airways Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 03/20/33 (144A) † | 869358 | &nbsp;&nbsp;&nbsp; 840143 |
| United Airlines Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 04/07/30 | 3011069 | &nbsp;&nbsp;&nbsp; 2904495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.450%, 01/07/30 | 1599328 | &nbsp;&nbsp;&nbsp; 1553391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 04/15/29 | 4167760 | &nbsp;&nbsp;&nbsp; 4237384 |
|  |  | &nbsp;&nbsp;&nbsp; 13137588 |
| **Auto Manufacturers — 3.5%** | **Auto Manufacturers — 3.5%** | **Auto Manufacturers — 3.5%** |
| American Honda Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.390%, SOFR + 0.730%, 08/13/27 (a) | 6100000 | &nbsp;&nbsp;&nbsp; 6094277 |
| BMW U.S. Capital LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 03/21/28 (144A) | 7300000 | &nbsp;&nbsp;&nbsp; 7340352 |
| Daimler Truck Finance North America LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.606%, SOFR + 0.960%, 09/25/27 (144A) (a) | 8100000 | &nbsp;&nbsp;&nbsp; 8119035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/15/27 (144A) | 3200000 | &nbsp;&nbsp;&nbsp; 3216111 |
| Ford Motor Credit Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 02/16/28 | 2685000 | &nbsp;&nbsp;&nbsp; 2574456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.815%, 11/02/27 | 1632000 | &nbsp;&nbsp;&nbsp; 1599267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 08/17/27 | 4700000 | &nbsp;&nbsp;&nbsp; 4639114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 03/05/27 | 6900000 | &nbsp;&nbsp;&nbsp; 6938054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 03/08/29 | 200000 | &nbsp;&nbsp;&nbsp; 202256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.918%, 03/20/28 | 900000 | &nbsp;&nbsp;&nbsp; 911407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.350%, 11/04/27 | 3190000 | &nbsp;&nbsp;&nbsp; 3292231 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Auto Manufacturers—(Continued)** | **Auto Manufacturers—(Continued)** | **Auto Manufacturers—(Continued)** |
| General Motors Financial Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 04/04/28 | 5740000 | &nbsp;&nbsp;&nbsp; $5789831 |
| Hyundai Capital America |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.100%, 09/15/28 (144A) | 13500000 | &nbsp;&nbsp;&nbsp; 12711133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 01/08/29 (144A) | 4500000 | &nbsp;&nbsp;&nbsp; 4561588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 06/26/26 (144A) | 2000000 | &nbsp;&nbsp;&nbsp; 2005399 |
| Mercedes-Benz Finance North America LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 11/15/27 (144A) | 7300000 | &nbsp;&nbsp;&nbsp; 7369818 |
| Nissan Motor Acceptance Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.850%, 09/16/26 (144A) | 13500000 | &nbsp;&nbsp;&nbsp; 13268534 |
| Nissan Motor Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.345%, 09/17/27 (144A) | 5600000 | &nbsp;&nbsp;&nbsp; 5444953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.810%, 09/17/30 (144A) | 14700000 | &nbsp;&nbsp;&nbsp; 13345584 |
| Volkswagen Bank GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/31/26 (EUR) | 2000000 | &nbsp;&nbsp;&nbsp; 2310594 |
| Volkswagen Group of America Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 09/11/27 (144A) | 3600000 | &nbsp;&nbsp;&nbsp; 3589450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 03/27/28 (144A) | 5000000 | &nbsp;&nbsp;&nbsp; 5031367 |
|  |  | &nbsp;&nbsp;&nbsp; 120354811 |
| **Banks — 12.6%** | **Banks — 12.6%** | **Banks — 12.6%** |
| AIB Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.608%, SOFR + 2.330%, 09/13/29 (144A) (a) | 6700000 | &nbsp;&nbsp;&nbsp; 7012159 |
| Banco Bilbao Vizcaya Argentaria SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 03/03/29 | 7600000 | &nbsp;&nbsp;&nbsp; 7511489 |
| Banco Espirito Santo SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 05/08/17 (EUR) (d) | 1700000 | &nbsp;&nbsp;&nbsp; 432288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/15/18 (EUR) (d) | 3100000 | &nbsp;&nbsp;&nbsp; 788290 |
| Banco Santander SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.552%, 1Y H15 + 1.250%, 03/14/28 (a) | 7800000 | &nbsp;&nbsp;&nbsp; 7865927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.565%, 01/17/30 | 2200000 | &nbsp;&nbsp;&nbsp; 2254365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.607%, 11/07/28 | 3800000 | &nbsp;&nbsp;&nbsp; 3993834 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.705%, 3M TSFR + 1.774%, 04/24/28 (a) | 5700000 | &nbsp;&nbsp;&nbsp; 5656591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.202%, SOFR + 1.630%, 04/25/29 (a) | 6000000 | &nbsp;&nbsp;&nbsp; 6085433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.819%, SOFR + 1.570%, 09/15/29 (a) | 9700000 | &nbsp;&nbsp;&nbsp; 10006415 |
| Bank of America NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.680%, SOFR + 1.020%, 08/18/26 (a) | 7100000 | &nbsp;&nbsp;&nbsp; 7113547 |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.689%, 06/28/28 (144A) | 8950000 | &nbsp;&nbsp;&nbsp; 9072438 |
| Banque Federative du Credit Mutuel SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.896%, 07/13/26 (144A) | 5900000 | &nbsp;&nbsp;&nbsp; 5927012 |
| Barclays PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.972%, 05/16/29 | 2000000 | &nbsp;&nbsp;&nbsp; 2012167 |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.497%, SOFR + 1.590%, 05/20/30 (144A) (a) | 9200000 | &nbsp;&nbsp;&nbsp; 9420956 |
| BPCE SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.281%, 05/30/29 (144A) | 2000000 | &nbsp;&nbsp;&nbsp; 2039008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.612%, SOFR + 1.980%, 10/19/27 (144A) (a) | 1900000 | &nbsp;&nbsp;&nbsp; 1920995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.714%, SOFR + 2.270%, 10/19/29 (144A) (a) | 7500000 | &nbsp;&nbsp;&nbsp; 7845499 |
| CaixaBank SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.684%, SOFR + 2.080%, 09/13/27 (144A) (a) | 6300000 | &nbsp;&nbsp;&nbsp; 6358732 |
| Citibank NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.488%, 12/04/26 | 7400000 | &nbsp;&nbsp;&nbsp; 7458116 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.070%, SOFR + 1.280%, 02/24/28 (a) | 8100000 | &nbsp;&nbsp;&nbsp; 8002375 |

---

**BHFTI-259**

------

**Brighthouse Funds Trust I**

**PIMCO 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)** |
| Credit Agricole SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.859%, SOFR + 1.210%, 09/11/28 (144A) (a) | 2600000 | &nbsp;&nbsp;&nbsp; $2611411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.316%, SOFR + 1.860%, 10/03/29 (144A) (a) | 4100000 | &nbsp;&nbsp;&nbsp; 4268188 |
| Danske Bank AS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.298%, 1Y H15 + 1.750%, 04/01/28 (144A) (a) | 12000000 | &nbsp;&nbsp;&nbsp; 11982179 |
| Deutsche Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.706%, SOFR + 1.594%, 02/08/28 (a) | 4700000 | &nbsp;&nbsp;&nbsp; 4739311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.819%, SOFR + 2.510%, 11/20/29 (a) | 8600000 | &nbsp;&nbsp;&nbsp; 9029724 |
| Goldman Sachs Bank USA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.406%, SOFR + 0.750%, 05/21/27 (a) | 5050000 | &nbsp;&nbsp;&nbsp; 5051074 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.691%, 3M TSFR + 1.772%, 06/05/28 (a) | 6500000 | &nbsp;&nbsp;&nbsp; 6442522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.049%, SOFR + 1.210%, 07/23/30 (a) | 500000 | &nbsp;&nbsp;&nbsp; 506024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.683%, 3M TSFR + 2.012%, 10/28/27 (a) | 7500000 | &nbsp;&nbsp;&nbsp; 7555470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.484%, SOFR + 1.770%, 10/24/29 (a) | 5600000 | &nbsp;&nbsp;&nbsp; 5858410 |
| HSBC Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.619%, SOFR + 1.190%, 11/06/31 (a) | 9300000 | &nbsp;&nbsp;&nbsp; 9170840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.130%, SOFR + 1.290%, 03/03/31 (a) | 2400000 | &nbsp;&nbsp;&nbsp; 2427121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.230%, SOFR + 1.570%, 08/14/27 (a) | 6700000 | &nbsp;&nbsp;&nbsp; 6718983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.390%, SOFR + 3.350%, 11/03/28 (a) | 5900000 | &nbsp;&nbsp;&nbsp; 6149993 |
| ING Groep NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 03/29/27 | 1100000 | &nbsp;&nbsp;&nbsp; 1096711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.803%, SOFR + 1.260%, 03/23/32 (a) | 1700000 | &nbsp;&nbsp;&nbsp; 1689822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.858%, SOFR + 1.010%, 03/25/29 (a) | 9200000 | &nbsp;&nbsp;&nbsp; 9257630 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.578%, SOFR + 0.885%, 04/22/27 (a) | 13300000 | &nbsp;&nbsp;&nbsp; 13278569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.323%, SOFR + 1.560%, 04/26/28 (a) | 500000 | &nbsp;&nbsp;&nbsp; 499772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.596%, SOFR + 0.930%, 07/22/28 (a) | 3400000 | &nbsp;&nbsp;&nbsp; 3406760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.866%, SOFR + 1.200%, 01/23/28 (a) | 2100000 | &nbsp;&nbsp;&nbsp; 2108686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.299%, SOFR + 1.450%, 07/24/29 (a) | 7900000 | &nbsp;&nbsp;&nbsp; 8047438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.070%, SOFR + 1.330%, 10/22/27 (a) | 7500000 | &nbsp;&nbsp;&nbsp; 7571501 |
| JPMorgan Chase Bank NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.649%, SOFR + 1.000%, 12/08/26 (a) | 7700000 | &nbsp;&nbsp;&nbsp; 7732617 |
| Lloyds Bank PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 04/02/32 (e) | 2200000 | &nbsp;&nbsp;&nbsp; 1644641 |
| Lloyds Banking Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.462%, 1Y H15 + 1.375%, 01/05/28 (a) | 5900000 | &nbsp;&nbsp;&nbsp; 5943524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.985%, 1Y H15 + 1.480%, 08/07/27 (a) | 3500000 | &nbsp;&nbsp;&nbsp; 3516705 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.640%, 1Y H15 + 0.670%, 10/13/27 (a) | 10500000 | &nbsp;&nbsp;&nbsp; 10340454 |
| Mizuho Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.201%, 3M TSFR + 1.772%, 07/10/31 (a) | 2400000 | &nbsp;&nbsp;&nbsp; 2161770 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.210%, SOFR + 1.610%, 04/20/28 (a) | 5400000 | &nbsp;&nbsp;&nbsp; 5385165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.123%, SOFR + 1.730%, 02/01/29 (a) | 4700000 | &nbsp;&nbsp;&nbsp; 4751401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.173%, SOFR + 1.450%, 01/16/30 (a) | 3400000 | &nbsp;&nbsp;&nbsp; 3447820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.449%, SOFR + 1.630%, 07/20/29 (a) | 7900000 | &nbsp;&nbsp;&nbsp; 8040849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.407%, SOFR + 1.830%, 11/01/29 (a) | 4900000 | &nbsp;&nbsp;&nbsp; 5114110 |
| Morgan Stanley Bank NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.747%, SOFR + 1.080%, 01/14/28 (a) | 7900000 | &nbsp;&nbsp;&nbsp; 7933290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.968%, SOFR + 0.930%, 07/14/28 (a) | 6700000 | &nbsp;&nbsp;&nbsp; 6739739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.504%, SOFR + 0.865%, 05/26/28 (a) | 7800000 | &nbsp;&nbsp;&nbsp; 7888709 |
| NatWest Markets PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.789%, 03/21/28 (144A) | 10000000 | &nbsp;&nbsp;&nbsp; 10067129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.022%, 03/21/30 (144A) | 5500000 | &nbsp;&nbsp;&nbsp; 5562136 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| Royal Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.851%, 12/14/26 (144A) | 1300000 | &nbsp;&nbsp;&nbsp; $1307424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 01/19/27 | 6900000 | &nbsp;&nbsp;&nbsp; 6936040 |
| Santander U.K. Group Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.858%, SOFR + 1.554%, 09/11/30 (a) | 5675000 | &nbsp;&nbsp;&nbsp; 5687342 |
| Standard Chartered PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.301%, 1Y H15 + 2.450%, 01/09/29 (144A) (a) | 5500000 | &nbsp;&nbsp;&nbsp; 5649330 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.902%, 09/17/28 | 9800000 | &nbsp;&nbsp;&nbsp; 9203888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.843%, SOFR + 1.170%, 07/09/29 (a) | 1800000 | &nbsp;&nbsp;&nbsp; 1809468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.316%, 07/09/29 | 5900000 | &nbsp;&nbsp;&nbsp; 6026526 |
| Toronto-Dominion Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.109%, 10/13/28 | 3600000 | &nbsp;&nbsp;&nbsp; 3580638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.701%, 06/05/27 (144A) | 1100000 | &nbsp;&nbsp;&nbsp; 1101453 |
| UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 04/15/26 (144A) | 10200000 | &nbsp;&nbsp;&nbsp; 10199743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.246%, 1Y H15 + 1.800%, 09/22/29 (144A) (a) | 5800000 | &nbsp;&nbsp;&nbsp; 6027800 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.741%, 3M EURIBOR + 1.850%, 05/04/30 (EUR) (a) | 2600000 | &nbsp;&nbsp;&nbsp; 2846205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.393%, SOFR + 2.100%, 06/02/28 (a) | 5400000 | &nbsp;&nbsp;&nbsp; 5270703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.574%, SOFR + 1.740%, 07/25/29 (a) | 7900000 | &nbsp;&nbsp;&nbsp; 8081483 |
| Wells Fargo Bank NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.719%, SOFR + 1.070%, 12/11/26 (a) | 7300000 | &nbsp;&nbsp;&nbsp; 7319909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 08/07/26 | 4700000 | &nbsp;&nbsp;&nbsp; 4715757 |
|  |  | &nbsp;&nbsp;&nbsp; 430279543 |
| **Beverages — 0.1%** | **Beverages — 0.1%** | **Beverages — 0.1%** |
| Maple Parent Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.495%, 03/26/28 (144A) (EUR) | 1500000 | &nbsp;&nbsp;&nbsp; 1728855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.881%, 03/26/30 (144A) (EUR) | 1500000 | &nbsp;&nbsp;&nbsp; 1722890 |
|  |  | &nbsp;&nbsp;&nbsp; 3451745 |
| **Chemicals — 0.2%** | **Chemicals — 0.2%** | **Chemicals — 0.2%** |
| International Flavors & Fragrances, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.300%, 11/01/30 (144A) | 3437000 | &nbsp;&nbsp;&nbsp; 3061977 |
| Syensqo Finance America LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 06/04/29 (144A) | 1900000 | &nbsp;&nbsp;&nbsp; 1944556 |
|  |  | &nbsp;&nbsp;&nbsp; 5006533 |
| **Commercial Services — 0.4%** | **Commercial Services — 0.4%** | **Commercial Services — 0.4%** |
| Global Payments, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/15/28 | 6000000 | &nbsp;&nbsp;&nbsp; 5941250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 11/15/32 | 1200000 | &nbsp;&nbsp;&nbsp; 1164848 |
| Quanta Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 08/09/28 | 7500000 | &nbsp;&nbsp;&nbsp; 7488416 |
|  |  | &nbsp;&nbsp;&nbsp; 14594514 |
| **Computers — 0.5%** | **Computers — 0.5%** | **Computers — 0.5%** |
| Dell International LLC/EMC Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 02/15/29 | 4800000 | &nbsp;&nbsp;&nbsp; 4760075 |
| Gartner, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 03/20/31 | 7200000 | &nbsp;&nbsp;&nbsp; 7023679 |
| Hewlett Packard Enterprise Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/23/28 | 1750000 | &nbsp;&nbsp;&nbsp; 1750106 |

---

**BHFTI-260**

------

**Brighthouse Funds Trust I**

**PIMCO 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>|
| **Computers—(Continued)** | **Computers—(Continued)** | **Computers—(Continued)** |
| Hewlett Packard Enterprise Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 03/23/29 | 1750000 | &nbsp;&nbsp;&nbsp; $1748392 |
|  |  | &nbsp;&nbsp;&nbsp; 15282252 |
| **Diversified Financial Services — 3.9%** | **Diversified Financial Services — 3.9%** | **Diversified Financial Services — 3.9%** |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.450%, 10/29/26 | 7450000 | &nbsp;&nbsp;&nbsp; 7367937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 01/15/27 | 4900000 | &nbsp;&nbsp;&nbsp; 4953353 |
| Air Lease Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 06/25/26 | 5000000 | &nbsp;&nbsp;&nbsp; 5008825 |
| Ally Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.548%, SOFR + 1.780%, 07/31/33 (a) | 1700000 | &nbsp;&nbsp;&nbsp; 1669874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.848%, SOFR + 2.820%, 01/03/30 (a) | 7000000 | &nbsp;&nbsp;&nbsp; 7301188 |
| American Express Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.645%, SOFR + 0.750%, 04/23/27 (a) | 7700000 | &nbsp;&nbsp;&nbsp; 7707826 |
| Aviation Capital Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 07/15/29 (144A) | 3200000 | &nbsp;&nbsp;&nbsp; 3250108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 10/25/28 (144A) | 1900000 | &nbsp;&nbsp;&nbsp; 1988069 |
| Avolon Holdings Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 03/01/29 (144A) | 7900000 | &nbsp;&nbsp;&nbsp; 8078706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 05/04/28 (144A) | 6300000 | &nbsp;&nbsp;&nbsp; 6484622 |
| BGC Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 05/25/28 | 4000000 | &nbsp;&nbsp;&nbsp; 4216093 |
| Blue Owl Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 06/10/31 | 8000000 | &nbsp;&nbsp;&nbsp; 6898246 |
| Cantor Fitzgerald LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.200%, 12/12/28 (144A) | 3300000 | &nbsp;&nbsp;&nbsp; 3428312 |
| Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.927%, SOFR + 2.057%, 05/10/28 (a) | 10775000 | &nbsp;&nbsp;&nbsp; 10803983 |
| CI Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 12/12/31 (144A) (EUR) | 5300000 | &nbsp;&nbsp;&nbsp; 6127030 |
| Eagle Funding Luxco SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/17/30 (144A) | 8600000 | &nbsp;&nbsp;&nbsp; 8645150 |
| GSG Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 06/15/31 (144A) (EUR) | 3100000 | &nbsp;&nbsp;&nbsp; 3558878 |
| Intercontinental Exchange, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 12/01/28 | 2800000 | &nbsp;&nbsp;&nbsp; 2775388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 03/15/31 | 2000000 | &nbsp;&nbsp;&nbsp; 1971900 |
| LSEG U.S. Fin Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/23/29 (144A) | 3500000 | &nbsp;&nbsp;&nbsp; 3474491 |
| Nomura Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.172%, 07/14/28 | 500000 | &nbsp;&nbsp;&nbsp; 473729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.679%, 07/16/30 | 9600000 | &nbsp;&nbsp;&nbsp; 8782911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.936%, SOFR + 1.250%, 07/02/27 (a) | 2900000 | &nbsp;&nbsp;&nbsp; 2917642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.842%, 01/18/28 | 4700000 | &nbsp;&nbsp;&nbsp; 4800659 |
| Private Export Funding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 01/27/28 (144A) | 6000000 | &nbsp;&nbsp;&nbsp; 5982853 |
| Takeoff Merger Sub, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 03/24/31 (144A) | 3500000 | &nbsp;&nbsp;&nbsp; 3456231 |
|  |  | &nbsp;&nbsp;&nbsp; 132124004 |
| **Electric — 5.0%** | **Electric — 5.0%** | **Electric — 5.0%** |
| Abu Dhabi National Energy Co. PJSC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 10/09/31 (144A) | 7000000 | &nbsp;&nbsp;&nbsp; 6764991 |
| Alliant Energy Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 03/30/29 (144A) | 3800000 | &nbsp;&nbsp;&nbsp; 3941609 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Electric—(Continued)** | **Electric—(Continued)** | **Electric—(Continued)** |
| Ameren Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/15/29 | 7200000 | &nbsp;&nbsp;&nbsp; $7313565 |
| American Electric Power Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 01/15/29 | 1700000 | &nbsp;&nbsp;&nbsp; 1734898 |
| Constellation Energy Generation LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 01/08/28 | 7200000 | &nbsp;&nbsp;&nbsp; 7142100 |
| Consumers Securitization Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.210%, 09/01/31 | 7700000 | &nbsp;&nbsp;&nbsp; 7831435 |
| DTE Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 03/01/29 | 3000000 | &nbsp;&nbsp;&nbsp; 3050543 |
| Duke Energy Progress LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/15/31 | 2600000 | &nbsp;&nbsp;&nbsp; 2290339 |
| Edison International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 06/15/27 | 5519000 | &nbsp;&nbsp;&nbsp; 5560840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/15/30 | 6200000 | &nbsp;&nbsp;&nbsp; 6423251 |
| Emera U.S. Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/01/29 | 900000 | &nbsp;&nbsp;&nbsp; 898928 |
| ENEL Finance International NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 06/26/29 (144A) | 7800000 | &nbsp;&nbsp;&nbsp; 7910615 |
| Evergy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/15/29 | 5100000 | &nbsp;&nbsp;&nbsp; 5061065 |
| Eversource Energy |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 02/01/29 | 5700000 | &nbsp;&nbsp;&nbsp; 5905794 |
| FirstEnergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 07/15/27 | 1300000 | &nbsp;&nbsp;&nbsp; 1289414 |
| Florida Power & Light Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 05/15/28 | 4400000 | &nbsp;&nbsp;&nbsp; 4417633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 05/15/26 | 6900000 | &nbsp;&nbsp;&nbsp; 6900222 |
| Georgia Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 05/16/28 | 5200000 | &nbsp;&nbsp;&nbsp; 5240276 |
| Jersey Central Power & Light Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 01/15/29 (144A) | 3600000 | &nbsp;&nbsp;&nbsp; 3576747 |
| National Rural Utilities Cooperative Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 03/15/28 | 3600000 | &nbsp;&nbsp;&nbsp; 3632118 |
| Pacific Gas & Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 12/01/27 | 1600000 | &nbsp;&nbsp;&nbsp; 1566855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 07/01/30 | 5000000 | &nbsp;&nbsp;&nbsp; 4932230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/04/28 | 5100000 | &nbsp;&nbsp;&nbsp; 5143202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 06/15/27 | 5000000 | &nbsp;&nbsp;&nbsp; 5049704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 05/15/29 | 5700000 | &nbsp;&nbsp;&nbsp; 5835388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 01/15/29 | 4500000 | &nbsp;&nbsp;&nbsp; 4656515 |
| PacifiCorp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 04/15/33 | 3400000 | &nbsp;&nbsp;&nbsp; 3410898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 02/15/34 | 7900000 | &nbsp;&nbsp;&nbsp; 7870465 |
| Pinnacle West Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 05/15/28 | 3000000 | &nbsp;&nbsp;&nbsp; 3022560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 05/15/30 | 1000000 | &nbsp;&nbsp;&nbsp; 1014704 |
| Public Service Co. of Colorado |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 03/13/29 | 4200000 | &nbsp;&nbsp;&nbsp; 4187983 |
| &nbsp;&nbsp;&nbsp;&nbsp; ReNew Wind Energy AP2/ReNew Power Pvt Ltd. other 9 <br> Subsidiaries<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/14/28 (144A) | 13100000 | &nbsp;&nbsp;&nbsp; 12354450 |
| Southern California Edison Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 03/01/48 | 800000 | &nbsp;&nbsp;&nbsp; 598757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 10/01/43 | 400000 | &nbsp;&nbsp;&nbsp; 334513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/15/30 | 6300000 | &nbsp;&nbsp;&nbsp; 6394792 |

---

**BHFTI-261**

------

**Brighthouse Funds Trust I**

**PIMCO 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>|
| **Electric—(Continued)** | **Electric—(Continued)** | **Electric—(Continued)** |
| Southern California Edison Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 11/01/27 | 3000000 | &nbsp;&nbsp;&nbsp; $3055435 |
| WEC Energy Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 10/15/27 | 4525000 | &nbsp;&nbsp;&nbsp; 4321228 |
|  |  | &nbsp;&nbsp;&nbsp; 170636062 |
| **Electronics — 0.2%** | **Electronics — 0.2%** | **Electronics — 0.2%** |
| Flex Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 06/15/29 | 8160000 | &nbsp;&nbsp;&nbsp; 8191465 |
| **Entertainment — 0.1%** | **Entertainment — 0.1%** | **Entertainment — 0.1%** |
| GSG Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 06/15/36 (144A) (EUR) | 3300000 | &nbsp;&nbsp;&nbsp; 3749539 |
| **Environmental Control — 0.1%** | **Environmental Control — 0.1%** | **Environmental Control — 0.1%** |
| Republic Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 04/01/29 | 3800000 | &nbsp;&nbsp;&nbsp; 3856904 |
| **Food — 0.6%** | **Food — 0.6%** | **Food — 0.6%** |
| Conagra Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 11/01/28 | 5000000 | &nbsp;&nbsp;&nbsp; 5004960 |
| Mars, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 03/01/30 (144A) | 7400000 | &nbsp;&nbsp;&nbsp; 7477878 |
| Mondelez International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 07/03/31 (CAD) | 10700000 | &nbsp;&nbsp;&nbsp; 7908739 |
|  |  | &nbsp;&nbsp;&nbsp; 20391577 |
| **Gas — 0.6%** | **Gas — 0.6%** | **Gas — 0.6%** |
| National Fuel Gas Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/01/26 | 6400000 | &nbsp;&nbsp;&nbsp; 6428309 |
| Southern California Gas Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 04/15/27 | 12500000 | &nbsp;&nbsp;&nbsp; 12335554 |
| Venture Global Plaquemines LNG LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 01/15/36 (144A) | 2900000 | &nbsp;&nbsp;&nbsp; 3071541 |
|  |  | &nbsp;&nbsp;&nbsp; 21835404 |
| **Healthcare-Services — 1.3%** | **Healthcare-Services — 1.3%** | **Healthcare-Services — 1.3%** |
| Centene Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/15/30 | 5900000 | &nbsp;&nbsp;&nbsp; 5170520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 02/15/30 | 500000 | &nbsp;&nbsp;&nbsp; 451669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 12/15/27 | 1248000 | &nbsp;&nbsp;&nbsp; 1225929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 12/15/29 | 500000 | &nbsp;&nbsp;&nbsp; 474641 |
| Cigna Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/15/30 | 5800000 | &nbsp;&nbsp;&nbsp; 5780428 |
| CommonSpirit Health |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.352%, 09/01/30 | 2750000 | &nbsp;&nbsp;&nbsp; 2708192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.975%, 09/01/35 | 2750000 | &nbsp;&nbsp;&nbsp; 2683360 |
| Fresenius Medical Care U.S. Finance III, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 12/01/26 (144A) | 12100000 | &nbsp;&nbsp;&nbsp; 11865621 |
| HCA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 03/15/27 | 7300000 | &nbsp;&nbsp;&nbsp; 7206227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 03/15/29 | 5200000 | &nbsp;&nbsp;&nbsp; 5034541 |
|  |  | &nbsp;&nbsp;&nbsp; 42601128 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Insurance — 1.3%** | **Insurance — 1.3%** | **Insurance — 1.3%** |
| Athene Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.339%, 01/15/27 (144A) | 7800000 | &nbsp;&nbsp;&nbsp; $7847293 |
| Corebridge Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 07/02/26 (144A) | 2600000 | &nbsp;&nbsp;&nbsp; 2609327 |
| Essent Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 07/01/29 | 2900000 | &nbsp;&nbsp;&nbsp; 2999833 |
| F&G Annuities & Life, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/04/29 | 4100000 | &nbsp;&nbsp;&nbsp; 4117133 |
| Marsh & McLennan Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 03/15/30 | 2900000 | &nbsp;&nbsp;&nbsp; 2920682 |
| MassMutual Global Funding II |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.648%, SOFR + 0.980%, 07/10/26 (144A) (a) | 3800000 | &nbsp;&nbsp;&nbsp; 3807343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 12/07/27 (144A) | 7900000 | &nbsp;&nbsp;&nbsp; 8018120 |
| Pacific Life Global Funding II |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/18/28 (144A) | 5500000 | &nbsp;&nbsp;&nbsp; 5632285 |
| RGA Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.448%, 05/24/29 (144A) | 6000000 | &nbsp;&nbsp;&nbsp; 6146019 |
|  |  | &nbsp;&nbsp;&nbsp; 44098035 |
| **Internet — 1.2%** | **Internet — 1.2%** | **Internet — 1.2%** |
| Beignet Investor LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.581%, 05/30/49 (144A) | 40200000 | &nbsp;&nbsp;&nbsp; 41331877 |
| **Investment Companies — 0.8%** | **Investment Companies — 0.8%** | **Investment Companies — 0.8%** |
| Abu Dhabi Developmental Holding Co. PJSC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 10/02/31 (144A) | 5300000 | &nbsp;&nbsp;&nbsp; 5130149 |
| ARES Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 01/15/31 | 3600000 | &nbsp;&nbsp;&nbsp; 3461390 |
| Blackstone Secured Lending Fund |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 09/04/29 | 5400000 | &nbsp;&nbsp;&nbsp; 5290770 |
| Credit Opportunity Partners JV, LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.740%, 03/20/30 (f) (g) | 1500000 | &nbsp;&nbsp;&nbsp; 1476994 |
| FS KKR Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 08/15/29 | 7400000 | &nbsp;&nbsp;&nbsp; 7273452 |
| HA Sustainable Infrastructure Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 01/15/31 | 4500000 | &nbsp;&nbsp;&nbsp; 4580212 |
|  |  | &nbsp;&nbsp;&nbsp; 27212967 |
| **Lodging — 0.3%** | **Lodging — 0.3%** | **Lodging — 0.3%** |
| Choice Hotels International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 12/01/29 | 2500000 | &nbsp;&nbsp;&nbsp; 2397455 |
| Las Vegas Sands Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/15/29 | 7800000 | &nbsp;&nbsp;&nbsp; 8016363 |
|  |  | &nbsp;&nbsp;&nbsp; 10413818 |
| **Media — 0.4%** | **Media — 0.4%** | **Media — 0.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/41 | 13300000 | &nbsp;&nbsp;&nbsp; 9326473 |
| Fox Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.709%, 01/25/29 | 4500000 | &nbsp;&nbsp;&nbsp; 4511622 |
| Paramount Global |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 01/15/27 | 300000 | &nbsp;&nbsp;&nbsp; 294908 |
| Virgin Media Secured Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/15/30 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 177370 |
|  |  | &nbsp;&nbsp;&nbsp; 14310373 |

---

**BHFTI-262**

------

**Brighthouse Funds Trust I**

**PIMCO 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>|
| **Oil & Gas — 0.6%** | **Oil & Gas — 0.6%** | **Oil & Gas — 0.6%** |
| Adnoc Murban Rsc Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 09/11/29 (144A) | 3900000 | &nbsp;&nbsp;&nbsp; $3833142 |
| Harbour Energy PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.327%, 04/01/35 (144A) | 3700000 | &nbsp;&nbsp;&nbsp; 3791709 |
| Petroleos Mexicanos |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 02/07/33 | 3000000 | &nbsp;&nbsp;&nbsp; 3417750 |
| Saudi Arabian Oil Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 02/02/31 (144A) | 3500000 | &nbsp;&nbsp;&nbsp; 3400372 |
| TotalEnergies Capital USA LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.248%, 01/13/31 | 7300000 | &nbsp;&nbsp;&nbsp; 7232649 |
|  |  | &nbsp;&nbsp;&nbsp; 21675622 |
| **Pharmaceuticals — 0.7%** | **Pharmaceuticals — 0.7%** | **Pharmaceuticals — 0.7%** |
| AbbVie, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 05/14/26 | 1300000 | &nbsp;&nbsp;&nbsp; 1298672 |
| Bayer U.S. Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 11/21/26 (144A) | 3900000 | &nbsp;&nbsp;&nbsp; 3935477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 01/21/29 (144A) | 7900000 | &nbsp;&nbsp;&nbsp; 8205348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 11/21/30 (144A) | 6900000 | &nbsp;&nbsp;&nbsp; 7256072 |
| CVS Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 04/01/30 | 3900000 | &nbsp;&nbsp;&nbsp; 3768496 |
| CVS Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.943%, 01/10/30 | 327281 | &nbsp;&nbsp;&nbsp; 336960 |
|  |  | &nbsp;&nbsp;&nbsp; 24801025 |
| **Pipelines — 1.0%** | **Pipelines — 1.0%** | **Pipelines — 1.0%** |
| Cheniere Corpus Christi Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 06/30/27 | 9000000 | &nbsp;&nbsp;&nbsp; 9046462 |
| Columbia Pipelines Operating Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.927%, 08/15/30 (144A) | 3000000 | &nbsp;&nbsp;&nbsp; 3140116 |
| Enbridge, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 11/15/26 | 2700000 | &nbsp;&nbsp;&nbsp; 2722642 |
| Energy Transfer LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 06/15/28 | 1200000 | &nbsp;&nbsp;&nbsp; 1212118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.050%, 12/01/26 | 3800000 | &nbsp;&nbsp;&nbsp; 3834983 |
| Greensaif Pipelines Bidco SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.853%, 02/23/36 (144A) | 6700000 | &nbsp;&nbsp;&nbsp; 6714894 |
| ONEOK, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 06/01/29 | 1900000 | &nbsp;&nbsp;&nbsp; 1935973 |
| Venture Global LNG, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.875%, 02/01/32 (144A) | 3800000 | &nbsp;&nbsp;&nbsp; 4081154 |
| Western Midstream Operating LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.350%, 01/15/29 | 1000000 | &nbsp;&nbsp;&nbsp; 1041332 |
|  |  | &nbsp;&nbsp;&nbsp; 33729674 |
| **Real Estate — 0.2%** | **Real Estate — 0.2%** | **Real Estate — 0.2%** |
| Logicor Financing SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 07/15/27 (EUR) | 4500000 | &nbsp;&nbsp;&nbsp; 5098684 |
| Ontario Teachers' Cadillac Fairview Properties Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 03/20/27 (144A) | 1700000 | &nbsp;&nbsp;&nbsp; 1692325 |
|  |  | &nbsp;&nbsp;&nbsp; 6791009 |
| **Real Estate Investment Trusts — 3.4%** | **Real Estate Investment Trusts — 3.4%** | **Real Estate Investment Trusts — 3.4%** |
| American Homes 4 Rent LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/15/28 | 1900000 | &nbsp;&nbsp;&nbsp; 1889483 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Real Estate Investment Trusts—(Continued)** | **Real Estate Investment Trusts—(Continued)** | **Real Estate Investment Trusts—(Continued)** |
| American Tower Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 08/15/29 | 1180000 | &nbsp;&nbsp;&nbsp; $1151729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 11/15/28 | 1200000 | &nbsp;&nbsp;&nbsp; 1237512 |
| Boston Properties LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.450%, 10/01/33 | 1811000 | &nbsp;&nbsp;&nbsp; 1462370 |
| Brixmor Operating Partnership LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 06/15/26 | 5500000 | &nbsp;&nbsp;&nbsp; 5496600 |
| Crown Castle, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 03/15/27 | 12500000 | &nbsp;&nbsp;&nbsp; 12313051 |
| EPR Properties |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 08/15/29 | 2500000 | &nbsp;&nbsp;&nbsp; 2393820 |
| Equinix Europe 2 Financing Corp. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 11/15/30 | 4700000 | &nbsp;&nbsp;&nbsp; 4656171 |
| Extra Space Storage LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.400%, 10/15/31 | 3500000 | &nbsp;&nbsp;&nbsp; 3061461 |
| Goodman U.S. Finance Three LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 03/15/28 (144A) | 10800000 | &nbsp;&nbsp;&nbsp; 10626949 |
| Hudson Pacific Properties LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 04/01/29 | 2400000 | &nbsp;&nbsp;&nbsp; 2046924 |
| Kilroy Realty LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.650%, 11/15/33 | 13100000 | &nbsp;&nbsp;&nbsp; 10405211 |
| Omega Healthcare Investors, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/15/28 | 8900000 | &nbsp;&nbsp;&nbsp; 8892370 |
| Piedmont Operating Partnership LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.150%, 08/15/30 | 12900000 | &nbsp;&nbsp;&nbsp; 11592508 |
| SBA Tower Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.328%, 07/15/52 (144A) | 13000000 | &nbsp;&nbsp;&nbsp; 12532718 |
| Starwood Property Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 01/15/27 (144A) | 13300000 | &nbsp;&nbsp;&nbsp; 13232787 |
| Sun Communities Operating LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.700%, 07/15/31 | 3200000 | &nbsp;&nbsp;&nbsp; 2862346 |
| UDR, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/27 | 1000000 | &nbsp;&nbsp;&nbsp; 989284 |
| VICI Properties LP/VICI Note Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 12/01/26 (144A) | 2000000 | &nbsp;&nbsp;&nbsp; 1994534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/26 (144A) | 600000 | &nbsp;&nbsp;&nbsp; 599299 |
| Welltower OP LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 04/01/26 | 1102000 | &nbsp;&nbsp;&nbsp; 1102000 |
| Weyerhaeuser Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 05/15/26 | 4000000 | &nbsp;&nbsp;&nbsp; 4001109 |
|  |  | &nbsp;&nbsp;&nbsp; 114540236 |
| **Retail — 0.1%** | **Retail — 0.1%** | **Retail — 0.1%** |
| CK Hutchison International 23 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 04/21/28 (144A) | 2700000 | &nbsp;&nbsp;&nbsp; 2722941 |
| **Savings & Loans — 0.2%** | **Savings & Loans — 0.2%** | **Savings & Loans — 0.2%** |
| Nationwide Building Society |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 1Y UKG + 3.750%, 09/03/27 (GBP) (a) | 500000 | &nbsp;&nbsp;&nbsp; 660191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.557%, SOFR + 1.910%, 10/18/27 (144A) (a) | 7500000 | &nbsp;&nbsp;&nbsp; 7584433 |
|  |  | &nbsp;&nbsp;&nbsp; 8244624 |
| **Semiconductors — 0.1%** | **Semiconductors — 0.1%** | **Semiconductors — 0.1%** |
| Broadcom, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 11/15/32 | 2400000 | &nbsp;&nbsp;&nbsp; 2336993 |

---

**BHFTI-263**

------

**Brighthouse Funds Trust I**

**PIMCO 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>|
| **Shipbuilding — 0.4%** | **Shipbuilding — 0.4%** | **Shipbuilding — 0.4%** |
| Huntington Ingalls Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.043%, 08/16/28 | 13800000 | &nbsp;&nbsp;&nbsp; $13068756 |
| **Software — 1.1%** | **Software — 1.1%** | **Software — 1.1%** |
| Fiserv, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 10/01/28 | 3600000 | &nbsp;&nbsp;&nbsp; 3558471 |
| Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 04/01/40 | 1400000 | &nbsp;&nbsp;&nbsp; 1014969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 04/01/50 | 5600000 | &nbsp;&nbsp;&nbsp; 3380878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 09/26/30 | 9100000 | &nbsp;&nbsp;&nbsp; 8769501 |
| Salesforce, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/15/28 | 3850000 | &nbsp;&nbsp;&nbsp; 3850991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 03/15/29 | 3850000 | &nbsp;&nbsp;&nbsp; 3857973 |
| VMware LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.400%, 08/15/26 | 13500000 | &nbsp;&nbsp;&nbsp; 13357992 |
|  |  | &nbsp;&nbsp;&nbsp; 37790775 |
| **Telecommunications — 0.4%** | **Telecommunications — 0.4%** | **Telecommunications — 0.4%** |
| NTT Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.567%, 07/16/27 (144A) | 300000 | &nbsp;&nbsp;&nbsp; 300683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.620%, 07/16/28 (144A) | 300000 | &nbsp;&nbsp;&nbsp; 301141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.876%, 07/16/30 (144A) | 500000 | &nbsp;&nbsp;&nbsp; 503161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.978%, SOFR + 1.310%, 07/16/30 (144A) (a) | 800000 | &nbsp;&nbsp;&nbsp; 811788 |
| T-Mobile USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 10/01/29 | 6700000 | &nbsp;&nbsp;&nbsp; 6658607 |
| Verizon Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/15/36 | 3600000 | &nbsp;&nbsp;&nbsp; 3525435 |
| Vmed O2 U.K. Financing I PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 07/15/31 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 172073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 04/15/32 (144A) (EUR) | 1800000 | &nbsp;&nbsp;&nbsp; 1905918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 01/15/33 (144A) | 200000 | &nbsp;&nbsp;&nbsp; 178689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 04/15/32 (144A) | 900000 | &nbsp;&nbsp;&nbsp; 862691 |
|  |  | &nbsp;&nbsp;&nbsp; 15220186 |
| **Water — 0.0%** | **Water — 0.0%** | **Water — 0.0%** |
| Thames Water Super Senior Issuer PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 10/10/27 (144A) (GBP) † | 39043 | &nbsp;&nbsp;&nbsp; 56235 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $1,467,752,365) <br>|  | &nbsp;&nbsp;&nbsp; 1449496060 |
| **U.S. Treasury & Government Agencies—23.2%** | **U.S. Treasury & Government Agencies—23.2%** | **U.S. Treasury & Government Agencies—23.2%** |
| **U.S. Treasury — 23.2%** | **U.S. Treasury — 23.2%** | **U.S. Treasury — 23.2%** |
| U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 08/15/50 | 34100000 | &nbsp;&nbsp;&nbsp; 16674367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 11/15/50 (h) | 6700000 | &nbsp;&nbsp;&nbsp; 3495777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 02/15/51 | 27500000 | &nbsp;&nbsp;&nbsp; 15270020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 11/15/51 | 2400000 | &nbsp;&nbsp;&nbsp; 1318406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/15/50 (h) | 6400000 | &nbsp;&nbsp;&nbsp; 3726000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/15/51 | 19300000 | &nbsp;&nbsp;&nbsp; 10988184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 08/15/49 | 29239400 | &nbsp;&nbsp;&nbsp; 18186678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 02/15/42 | 6500000 | &nbsp;&nbsp;&nbsp; 4736621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 11/15/49 | 16970000 | &nbsp;&nbsp;&nbsp; 10811083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 05/15/51 | 19070400 | &nbsp;&nbsp;&nbsp; 11930174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 08/15/42 | 39000000 | &nbsp;&nbsp;&nbsp; 29822812 |

---

---

| | | |
|:---|:---|:---|
| **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; 2.750%, 11/15/42 (i) | 2800000 | &nbsp;&nbsp;&nbsp; $2129641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 08/15/47 (h) | 3200000 | &nbsp;&nbsp;&nbsp; 2264375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/43 | 83700000 | &nbsp;&nbsp;&nbsp; 64282254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 08/15/45 (h) | 3100000 | &nbsp;&nbsp;&nbsp; 2301629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/49 | 29900000 | &nbsp;&nbsp;&nbsp; 21257031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/15/48 (h) | 9900000 | &nbsp;&nbsp;&nbsp; 7300477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/15/48 (h) | 3000000 | &nbsp;&nbsp;&nbsp; 2201719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/15/49 | 20000000 | &nbsp;&nbsp;&nbsp; 14607031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 08/15/44 (j) | 112000000 | &nbsp;&nbsp;&nbsp; 87801875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 05/15/48 (h) | 3400000 | &nbsp;&nbsp;&nbsp; 2558633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 05/15/42 | 10500000 | &nbsp;&nbsp;&nbsp; 8651836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 05/15/44 | 12200000 | &nbsp;&nbsp;&nbsp; 9971117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 11/15/48 (i) | 6500000 | &nbsp;&nbsp;&nbsp; 5093613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 08/15/43 | 22050000 | &nbsp;&nbsp;&nbsp; 18831217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 02/15/43 | 14400000 | &nbsp;&nbsp;&nbsp; 12795188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/42 | 9232000 | &nbsp;&nbsp;&nbsp; 8353878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 05/15/39 | 9600000 | &nbsp;&nbsp;&nbsp; 9317625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 08/15/54 | 11300000 | &nbsp;&nbsp;&nbsp; 10120563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 11/15/39 | 57100000 | &nbsp;&nbsp;&nbsp; 55690344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 05/15/41 | 1167000 | &nbsp;&nbsp;&nbsp; 1123921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 08/15/43 | 8833000 | &nbsp;&nbsp;&nbsp; 8337179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/15/39 | 15100000 | &nbsp;&nbsp;&nbsp; 14956078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/15/54 (h) | 5100000 | &nbsp;&nbsp;&nbsp; 4764516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 02/15/40 | 12800000 | &nbsp;&nbsp;&nbsp; 12791000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 05/15/44 (h) | 900000 | &nbsp;&nbsp;&nbsp; 872824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 05/15/54 | 17000000 | &nbsp;&nbsp;&nbsp; 16209102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 11/15/55 | 4000000 | &nbsp;&nbsp;&nbsp; 3821875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 08/15/45 (j) | 27856000 | &nbsp;&nbsp;&nbsp; 27764597 |
| U.S. Treasury Inflation-Indexed Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.125%, 02/15/51 (k) | 29979120 | &nbsp;&nbsp;&nbsp; 15933736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.125%, 02/15/52 (k) | 3972084 | &nbsp;&nbsp;&nbsp; 2060689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.250%, 02/15/50 (k) | 11764035 | &nbsp;&nbsp;&nbsp; 6654824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.625%, 02/15/43 (j) (k) | 1697424 | &nbsp;&nbsp;&nbsp; 1249941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.750%, 02/15/45 (k) | 24720974 | &nbsp;&nbsp;&nbsp; 17750942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.875%, 02/15/47 (k) | 7275096 | &nbsp;&nbsp;&nbsp; 5157932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.000%, 02/15/46 (k) | 2607807 | &nbsp;&nbsp;&nbsp; 1933260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.000%, 02/15/49 (k) | 2843280 | &nbsp;&nbsp;&nbsp; 2011833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 02/15/44 (k) | 7256132 | &nbsp;&nbsp;&nbsp; 5993185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 02/15/53 (k) | 4595052 | &nbsp;&nbsp;&nbsp; 3520957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.125%, 02/15/54 (k) | 13033818 | &nbsp;&nbsp;&nbsp; 11486917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 02/15/55 (j) (k) | 2576575 | &nbsp;&nbsp;&nbsp; 2394277 |
| U.S. Treasury Inflation-Indexed Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, 04/15/28 (h) (i) (k) | 25262559 | &nbsp;&nbsp;&nbsp; 25357310 |
| U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 09/30/30 (h) (j) (l) (m) | 53270000 | &nbsp;&nbsp;&nbsp; 52606206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 08/31/32 (i) | 1150000 | &nbsp;&nbsp;&nbsp; 1135580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/31/30 (h) (m) | 60600000 | &nbsp;&nbsp;&nbsp; 60805945 |
| U.S. Treasury STRIPS Coupon |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 08/15/40 | 4100000 | &nbsp;&nbsp;&nbsp; 2034506 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 05/15/41 | 1000000 | &nbsp;&nbsp;&nbsp; 474260 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 08/15/41 | 1600000 | &nbsp;&nbsp;&nbsp; 747916 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 11/15/41 | 300000 | &nbsp;&nbsp;&nbsp; 138033 |

---

**BHFTI-264**

------

**Brighthouse Funds Trust I**

**PIMCO Total Return 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 STRIPS Coupon |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 02/15/42 | 21300000 | &nbsp;&nbsp;&nbsp; $9653175 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury & Government Agencies <br>(Cost $932,840,780) <br>|  | &nbsp;&nbsp;&nbsp; 792232684 |
| **Non-Agency Mortgage-Backed Securities—10.7%** | **Non-Agency Mortgage-Backed Securities—10.7%** | **Non-Agency Mortgage-Backed Securities—10.7%** |
| **Collateralized Mortgage Obligations — 5.4%** | **Collateralized Mortgage Obligations — 5.4%** | **Collateralized Mortgage Obligations — 5.4%** |
| Adjustable Rate Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.757%, 11/25/35 (a) | 100498 | &nbsp;&nbsp;&nbsp; 70405 |
| American Home Mortgage Investment Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.153%, 1M TSFR + 0.474%, 12/25/46 (a) | 8200484 | &nbsp;&nbsp;&nbsp; 7061853 |
| Banc of America Alternative Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 13.228%, -4x 1M TSFR + 27.942%, 11/25/46 (a) | 293094 | &nbsp;&nbsp;&nbsp; 308296 |
| Banc of America Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.751%, 01/20/47 (a) | 37179 | &nbsp;&nbsp;&nbsp; 32414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.243%, 05/25/35 (a) | 116728 | &nbsp;&nbsp;&nbsp; 112272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.710%, 02/20/36 (a) | 296603 | &nbsp;&nbsp;&nbsp; 284781 |
| Banc of America Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/25/37 | 3533915 | &nbsp;&nbsp;&nbsp; 2800384 |
| Bayview MSR Opportunity Master Fund Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/25/51 (144A) (a) | 9802271 | &nbsp;&nbsp;&nbsp; 8506921 |
| BCAP LLC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.213%, 1M TSFR + 0.534%, 05/25/47 (a) | 2726030 | &nbsp;&nbsp;&nbsp; 2662793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 02/26/36 (144A) (a) | 1842491 | &nbsp;&nbsp;&nbsp; 668926 |
| Bear Stearns ALT-A Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.330%, 11/25/36 (a) | 1316313 | &nbsp;&nbsp;&nbsp; 718167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.433%, 11/25/36 (a) | 1182883 | &nbsp;&nbsp;&nbsp; 586778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.539%, 05/25/36 (a) | 962845 | &nbsp;&nbsp;&nbsp; 453686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.718%, 09/25/35 (a) | 303163 | &nbsp;&nbsp;&nbsp; 157978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.158%, 05/25/35 (a) | 177609 | &nbsp;&nbsp;&nbsp; 171579 |
| Bear Stearns ARM Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.930%, 10/25/35 (a) | 337155 | &nbsp;&nbsp;&nbsp; 337279 |
| Bear Stearns Structured Products, Inc. Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.920%, 12/26/46 (a) | 244499 | &nbsp;&nbsp;&nbsp; 187352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.788%, 01/26/36 (a) | 233272 | &nbsp;&nbsp;&nbsp; 164600 |
| Chase Home Lending Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 09/25/63 (144A) (a) | 6065676 | &nbsp;&nbsp;&nbsp; 5428746 |
| Chase Mortgage Finance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.202%, 12/25/35 (a) | 23137 | &nbsp;&nbsp;&nbsp; 22064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.452%, 09/25/36 (a) | 630134 | &nbsp;&nbsp;&nbsp; 537634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.531%, 03/25/37 (a) | 371791 | &nbsp;&nbsp;&nbsp; 353549 |
| Chevy Chase Funding LLC Mortgage-Backed Certificates |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.043%, 1M TSFR + 0.364%, 08/25/35 (144A) (a) | 5502 | &nbsp;&nbsp;&nbsp; 5396 |
| CHL Mortgage Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.096%, 09/20/36 (a) | 924164 | &nbsp;&nbsp;&nbsp; 829962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.193%, 1M TSFR + 0.514%, 04/25/46 (a) | 889178 | &nbsp;&nbsp;&nbsp; 841112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.433%, 1M TSFR + 0.754%, 03/25/35 (a) | 168800 | &nbsp;&nbsp;&nbsp; 164022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 06/25/37 | 873925 | &nbsp;&nbsp;&nbsp; 383772 |
| Citicorp Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/25/37 | 635261 | &nbsp;&nbsp;&nbsp; 554459 |
| Citigroup Mortgage Loan Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.909%, 10/25/46 (a) | 372899 | &nbsp;&nbsp;&nbsp; 333621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 1Y H15 + 2.100%, 09/25/35 (a) | 150421 | &nbsp;&nbsp;&nbsp; 153369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.190%, 1Y H15 + 2.150%, 09/25/35 (a) | 20559 | &nbsp;&nbsp;&nbsp; 20780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.480%, 1Y H15 + 2.400%, 10/25/35 (a) | 316395 | &nbsp;&nbsp;&nbsp; 323584 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** |
| CitiMortgage Alternative Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.443%, 1M TSFR + 0.764%, 10/25/36 (a) | 2959913 | &nbsp;&nbsp;&nbsp; $2333303 |
| Countrywide Alternative Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.207%, -1x 1M TSFR + 4.886%, 05/25/35 (a) (b) | 328387 | &nbsp;&nbsp;&nbsp; 16636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.313%, 1M TSFR + 0.634%, 06/25/46 (a) | 3428761 | &nbsp;&nbsp;&nbsp; 3088773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.339%, 12M MTA + 1.480%, 01/25/36 (a) | 274648 | &nbsp;&nbsp;&nbsp; 265380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/25/36 | 1204171 | &nbsp;&nbsp;&nbsp; 792007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/25/35 | 5654087 | &nbsp;&nbsp;&nbsp; 4391094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 1M TSFR + 6.000%, 08/25/36 (a) | 1245390 | &nbsp;&nbsp;&nbsp; 1185184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/25/37 | 7331068 | &nbsp;&nbsp;&nbsp; 2694997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/25/37 | 2526887 | &nbsp;&nbsp;&nbsp; 1093777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/25/37 | 3791564 | &nbsp;&nbsp;&nbsp; 1891988 |
| Credit Suisse First Boston Mortgage Securities Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.459%, 03/25/32 (144A) (a) | 15386 | &nbsp;&nbsp;&nbsp; 14954 |
| CSFB Mortgage-Backed Pass-Through Certificates |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/25/35 | 752241 | &nbsp;&nbsp;&nbsp; 546488 |
| CSMC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.452%, 10/27/36 (144A) (a) | 5628424 | &nbsp;&nbsp;&nbsp; 5222817 |
| DSLA Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.910%, 07/19/44 (a) | 117098 | &nbsp;&nbsp;&nbsp; 112063 |
| First Horizon Mortgage Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.994%, 08/25/35 (a) | 46004 | &nbsp;&nbsp;&nbsp; 30159 |
| GreenPoint MTA Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.233%, 1M TSFR + 0.554%, 06/25/45 (a) | 10742 | &nbsp;&nbsp;&nbsp; 9586 |
| GS Mortgage-Backed Securities Corp. Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/25/52 (144A) (a) | 9640655 | &nbsp;&nbsp;&nbsp; 7977575 |
| GS Mortgage-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/25/52 (144A) (a) | 10236514 | &nbsp;&nbsp;&nbsp; 8515899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/26/52 (144A) (a) | 11734681 | &nbsp;&nbsp;&nbsp; 10176339 |
| GSR Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.061%, 04/25/36 (a) | 721102 | &nbsp;&nbsp;&nbsp; 422316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.478%, 01/25/36 (a) | 922521 | &nbsp;&nbsp;&nbsp; 874169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.860%, 09/25/35 (a) | 4382 | &nbsp;&nbsp;&nbsp; 4222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/25/32 | 31 | &nbsp;&nbsp;&nbsp; 32 |
| HarborView Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.231%, 1M TSFR + 0.554%, 05/19/35 (a) | 246186 | &nbsp;&nbsp;&nbsp; 239442 |
| IndyMac ARM Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.653%, 01/25/32 (a) | 504 | &nbsp;&nbsp;&nbsp; 490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.717%, 01/25/32 (a) | 157 | &nbsp;&nbsp;&nbsp; 155 |
| IndyMac INDX Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.033%, 1M TSFR + 0.354%, 07/25/36 (a) | 1676116 | &nbsp;&nbsp;&nbsp; 1681272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.213%, 1M TSFR + 0.534%, 05/25/46 (a) | 2433785 | &nbsp;&nbsp;&nbsp; 2261404 |
| JP Morgan Alternative Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.153%, 1M TSFR + 0.474%, 05/25/36 (a) | 624221 | &nbsp;&nbsp;&nbsp; 527582 |
| JP Morgan Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/25/52 (144A) (a) | 9949074 | &nbsp;&nbsp;&nbsp; 8666658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.163%, 12/26/37 (144A) (a) | 3626987 | &nbsp;&nbsp;&nbsp; 3068625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 01/25/36 | 181702 | &nbsp;&nbsp;&nbsp; 78304 |
| Lehman Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.393%, 1M TSFR + 0.714%, 08/25/36 (a) | 2552048 | &nbsp;&nbsp;&nbsp; 1731316 |
| Lehman XS Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.193%, 1M TSFR + 0.514%, 03/25/47 (a) | 7936375 | &nbsp;&nbsp;&nbsp; 6978219 |
| MASTR Alternative Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.193%, 1M TSFR + 0.514%, 03/25/36 (a) | 605054 | &nbsp;&nbsp;&nbsp; 48125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/25/35 | 1557310 | &nbsp;&nbsp;&nbsp; 1609813 |

---

**BHFTI-265**

------

**Brighthouse Funds Trust I**

**PIMCO Total Return 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 Asset Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/25/36 | 146176 | &nbsp;&nbsp;&nbsp; $76996 |
| MetLife Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 03/25/57 (144A) (a) | 2487140 | &nbsp;&nbsp;&nbsp; 2408809 |
| Mill City Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 08/25/59 (144A) (a) | 8400000 | &nbsp;&nbsp;&nbsp; 7543203 |
| Morgan Stanley Re-REMICS Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.065%, 03/26/37 (144A) (e) | 910601 | &nbsp;&nbsp;&nbsp; 959329 |
| MortgageIT Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.253%, 1M TSFR + 0.574%, 04/25/36 (a) | 1001900 | &nbsp;&nbsp;&nbsp; 968446 |
| New Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.864%, 10/25/63 (144A) (e) | 4117536 | &nbsp;&nbsp;&nbsp; 4147987 |
| Nomura Asset Acceptance Corp. Alternative Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.476%, 05/25/35 (e) | 479711 | &nbsp;&nbsp;&nbsp; 225039 |
| OBX Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.443%, 1M TSFR + 0.764%, 06/25/57 (144A) (a) | 2810946 | &nbsp;&nbsp;&nbsp; 2780020 |
| PRKCM Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.335%, 08/25/57 (144A) (a) | 4651808 | &nbsp;&nbsp;&nbsp; 4638029 |
| PRPM Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 08/25/68 (144A) (e) | 3409390 | &nbsp;&nbsp;&nbsp; 3414332 |
| RBSSP Resecuritization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.028%, 1M TSFR + 0.354%, 06/27/36 (144A) (a) | 1516715 | &nbsp;&nbsp;&nbsp; 1517499 |
| Reperforming Loan Trust REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.133%, 1M TSFR + 0.454%, 06/25/35 (144A) (a) | 259548 | &nbsp;&nbsp;&nbsp; 252771 |
| Residential Asset Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/25/36 | 2867401 | &nbsp;&nbsp;&nbsp; 1029262 |
| Sequoia Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.431%, 1M TSFR + 0.754%, 04/19/27 (a) | 24865 | &nbsp;&nbsp;&nbsp; 24671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.490%, 1M TSFR + 0.814%, 07/20/33 (a) | 30227 | &nbsp;&nbsp;&nbsp; 30400 |
| Structured Adjustable Rate Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.859%, 01/25/35 (a) | 67620 | &nbsp;&nbsp;&nbsp; 67216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.286%, 10/25/36 (a) | 4938951 | &nbsp;&nbsp;&nbsp; 1949747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.443%, 08/25/35 (a) | 29176 | &nbsp;&nbsp;&nbsp; 25357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.024%, 04/25/35 (a) | 930786 | &nbsp;&nbsp;&nbsp; 864137 |
| Structured Asset Mortgage Investments II Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.291%, 1M TSFR + 0.614%, 07/19/35 (a) | 99070 | &nbsp;&nbsp;&nbsp; 95024 |
| Towd Point Mortgage Funding - Granite 6 PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.669%, SONIA + 0.925%, 07/20/53 (144A) (GBP) (a) | 4807510 | &nbsp;&nbsp;&nbsp; 6368275 |
| Towd Point Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 07/25/62 (144A) (a) | 4225151 | &nbsp;&nbsp;&nbsp; 4003837 |
| UWM Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/25/51 (144A) (a) | 18168256 | &nbsp;&nbsp;&nbsp; 15385388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/25/51 (144A) (a) | 10042981 | &nbsp;&nbsp;&nbsp; 8348620 |
| WaMu Mortgage Pass-Through Certificates Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.011%, 06/25/37 (a) | 2459534 | &nbsp;&nbsp;&nbsp; 2194443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.293%, 1M TSFR + 0.614%, 02/25/45 (a) | 2942387 | &nbsp;&nbsp;&nbsp; 2854941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.259%, 12M MTA + 1.400%, 06/25/42 (a) | 16267 | &nbsp;&nbsp;&nbsp; 15431 |
| Wells Fargo Mortgage-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.339%, 09/25/33 (a) | 33713 | &nbsp;&nbsp;&nbsp; 33273 |
|  |  | &nbsp;&nbsp;&nbsp; 186012179 |
| **Commercial Mortgage-Backed Securities — 5.3%** | **Commercial Mortgage-Backed Securities — 5.3%** | **Commercial Mortgage-Backed Securities — 5.3%** |
| 1211 Avenue of the Americas Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.901%, 08/10/35 (144A) | 12100000 | &nbsp;&nbsp;&nbsp; 11555499 |
| ACRES Commercial Realty Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.368%, 1M TSFR + 1.450%, 08/18/44 (144A) (a) | 7500000 | &nbsp;&nbsp;&nbsp; 7505608 |

---

---

| | | |
|:---|:---|:---|
| **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; 2.756%, 05/15/53 (144A) | 7500000 | &nbsp;&nbsp;&nbsp; $6992913 |
| AREIT Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.922%, SOFR30A + 1.250%, 01/20/37 (144A) (a) | 5045082 | &nbsp;&nbsp;&nbsp; 5041258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.920%, 1M TSFR + 2.242%, 06/17/39 (144A) (a) | 5916445 | &nbsp;&nbsp;&nbsp; 5919682 |
| Benchmark Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.955%, 01/15/55 (a) | 12646000 | &nbsp;&nbsp;&nbsp; 12059501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.458%, 03/15/55 (a) | 13000000 | &nbsp;&nbsp;&nbsp; 12028358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.016%, 03/15/52 | 13000000 | &nbsp;&nbsp;&nbsp; 12714040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.442%, 05/15/55 (a) | 11000000 | &nbsp;&nbsp;&nbsp; 10635173 |
| DBGS Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.843%, 04/10/37 (144A) | 12550000 | &nbsp;&nbsp;&nbsp; 11800362 |
| DC Office Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.965%, 09/15/45 (144A) | 1000000 | &nbsp;&nbsp;&nbsp; 901335 |
| DOLP Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.956%, 05/10/41 (144A) | 13200000 | &nbsp;&nbsp;&nbsp; 11840293 |
| GS Mortgage Securities Corp. Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.856%, 05/10/34 (144A) | 7552013 | &nbsp;&nbsp;&nbsp; 6821285 |
| GS Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.602%, 10/10/49 (144A) (a) | 13346000 | &nbsp;&nbsp;&nbsp; 12787187 |
| GS REFT Issuer Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.170%, 1M TSFR + 1.500%, 04/19/43 (144A) (a) | 2400000 | &nbsp;&nbsp;&nbsp; 2402243 |
| JP Morgan Chase Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.170%, 1M TSFR + 1.497%, 12/15/31 (144A) (a) | 3431009 | &nbsp;&nbsp;&nbsp; 3425043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.236%, 10/05/40 (144A) | 5800000 | &nbsp;&nbsp;&nbsp; 5996898 |
| Manhattan West Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.130%, 09/10/39 (144A) | 12300000 | &nbsp;&nbsp;&nbsp; 11852016 |
| Morgan Stanley Capital I Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.428%, 04/05/42 (144A) (a) | 7500000 | &nbsp;&nbsp;&nbsp; 6636842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.127%, 11/15/52 | 800000 | &nbsp;&nbsp;&nbsp; 758259 |
| NYO Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.883%, 1M TSFR + 1.209%, 11/15/38 (144A) (a) | 14000000 | &nbsp;&nbsp;&nbsp; 13965000 |
| SG Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.632%, 03/15/37 (144A) | 7100000 | &nbsp;&nbsp;&nbsp; 6803326 |
|  |  | &nbsp;&nbsp;&nbsp; 180442121 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Non-Agency Mortgage-Backed Securities <br>(Cost $402,360,678) <br>|  | &nbsp;&nbsp;&nbsp; 366454300 |
| **Foreign Government—9.2%** | **Foreign Government—9.2%** | **Foreign Government—9.2%** |
| **Banks — 0.1%** | **Banks — 0.1%** | **Banks — 0.1%** |
| Korea Development Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.367%, SOFR + 0.700%, 10/23/26 (a) | 1700000 | &nbsp;&nbsp;&nbsp; 1694504 |
| **Diversified Financial Services — 0.0%** | **Diversified Financial Services — 0.0%** | **Diversified Financial Services — 0.0%** |
| CPPIB Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, 06/02/34 (CAD) | 1900000 | &nbsp;&nbsp;&nbsp; 1417276 |
| **Regional Government — 0.7%** | **Regional Government — 0.7%** | **Regional Government — 0.7%** |
| New South Wales Treasury Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 03/20/34 (AUD) | 7300000 | &nbsp;&nbsp;&nbsp; 3847638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/20/37 (AUD) | 1900000 | &nbsp;&nbsp;&nbsp; 1211748 |
| Province of Quebec |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 09/01/34 (CAD) | 12700000 | &nbsp;&nbsp;&nbsp; 9537279 |
| Queensland Treasury Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 08/20/32 (144A) (AUD) | 5600000 | &nbsp;&nbsp;&nbsp; 3083133 |

---

**BHFTI-266**

------

**Brighthouse Funds Trust I**

**PIMCO Total Return Portfolio**

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

**Foreign Government—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Regional Government—(Continued)** | **Regional Government—(Continued)** | **Regional Government—(Continued)** |
| Queensland Treasury Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/22/35 (144A) (AUD) | 1400000 | &nbsp;&nbsp;&nbsp; $889313 |
| Treasury Corp. of Victoria |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/20/37 (AUD) | 5400000 | &nbsp;&nbsp;&nbsp; 2516992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 09/15/33 (AUD) | 2700000 | &nbsp;&nbsp;&nbsp; 1502718 |
|  |  | &nbsp;&nbsp;&nbsp; 22588821 |
| **Sovereign — 8.4%** | **Sovereign — 8.4%** | **Sovereign — 8.4%** |
| Australia Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 06/21/35 (AUD) | 14300000 | &nbsp;&nbsp;&nbsp; 8265976 |
| Brazil Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 03/15/34 | 7800000 | &nbsp;&nbsp;&nbsp; 7782060 |
| Brazil Letras do Tesouro Nacional |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/01/26 (BRL) | 25400000 | &nbsp;&nbsp;&nbsp; 4741886 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 10/01/26 (BRL) | 12700000 | &nbsp;&nbsp;&nbsp; 2293255 |
| Canada Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 12/01/34 (CAD) | 5105000 | &nbsp;&nbsp;&nbsp; 3631372 |
| Chile Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.340%, 03/07/42 | 12500000 | &nbsp;&nbsp;&nbsp; 10931250 |
| Colombia Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 01/21/29 | 1000000 | &nbsp;&nbsp;&nbsp; 990000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 01/21/33 | 1000000 | &nbsp;&nbsp;&nbsp; 979000 |
| Costa Rica Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.001%, 01/16/36 (144A) (EUR) | 3000000 | &nbsp;&nbsp;&nbsp; 3573109 |
| European Union |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 10/05/29 (EUR) | 15200000 | &nbsp;&nbsp;&nbsp; 17567008 |
| Italy Buoni Poliennali Del Tesoro |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.300%, 05/15/28 (144A) (EUR) (k) | 26695361 | &nbsp;&nbsp;&nbsp; 31718877 |
| Ivory Coast Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 10/17/31 (144A) (EUR) | 4900000 | &nbsp;&nbsp;&nbsp; 5530242 |
| Japan Bank for International Cooperation |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 07/21/27 | 11200000 | &nbsp;&nbsp;&nbsp; 11040748 |
| Japan Government Forty Year Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.200%, 03/20/64 (JPY) | 724000000 | &nbsp;&nbsp;&nbsp; 3138603 |
| Japan Government Thirty Year Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.100%, 09/20/54 (JPY) | 98350000 | &nbsp;&nbsp;&nbsp; 447847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.300%, 12/20/54 (JPY) | 1312150000 | &nbsp;&nbsp;&nbsp; 6250664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.400%, 03/20/55 (JPY) | 1585800000 | &nbsp;&nbsp;&nbsp; 7722313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.800%, 06/20/55 (JPY) | 980000000 | &nbsp;&nbsp;&nbsp; 5212917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, 09/20/55 (JPY) | 1167000000 | &nbsp;&nbsp;&nbsp; 6730885 |
| Japan Government Twenty Year Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/20/44 (JPY) | 1670000000 | &nbsp;&nbsp;&nbsp; 8748441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.400%, 03/20/45 (JPY) | 923600000 | &nbsp;&nbsp;&nbsp; 5143888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.700%, 09/20/45 (JPY) | 77250000 | &nbsp;&nbsp;&nbsp; 448308 |
| Kuwait International Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.016%, 10/09/28 (144A) | 2000000 | &nbsp;&nbsp;&nbsp; 1970145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.136%, 10/09/30 (144A) | 2000000 | &nbsp;&nbsp;&nbsp; 1955474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.652%, 10/09/35 (144A) | 1500000 | &nbsp;&nbsp;&nbsp; 1440263 |
| Mexico Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/19/29 (EUR) | 2600000 | &nbsp;&nbsp;&nbsp; 2951609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/19/34 (EUR) | 2600000 | &nbsp;&nbsp;&nbsp; 2924340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 03/19/38 (EUR) | 1000000 | &nbsp;&nbsp;&nbsp; 1116291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/07/36 | 2400000 | &nbsp;&nbsp;&nbsp; 2383560 |
| Peru Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 08/12/34 (PEN) | 14400000 | &nbsp;&nbsp;&nbsp; 3924432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 08/12/32 (144A) (PEN) | 66510000 | &nbsp;&nbsp;&nbsp; 19966877 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Sovereign—(Continued)** | **Sovereign—(Continued)** | **Sovereign—(Continued)** |
| Peru Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.950%, 08/12/31 (PEN) | 7920000 | &nbsp;&nbsp;&nbsp; $2466282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.950%, 08/12/31 (144A) (PEN) | 1680000 | &nbsp;&nbsp;&nbsp; 523151 |
| Qatar Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.103%, 04/23/48 | 1500000 | &nbsp;&nbsp;&nbsp; 1384777 |
| Republic of Poland Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 09/18/34 | 3900000 | &nbsp;&nbsp;&nbsp; 3919164 |
| Republic of South Africa Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/31/36 (ZAR) | 17000000 | &nbsp;&nbsp;&nbsp; 806071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 02/28/31 (ZAR) | 95400000 | &nbsp;&nbsp;&nbsp; 5282369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 01/31/37 (ZAR) | 69900000 | &nbsp;&nbsp;&nbsp; 3857951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 01/31/44 (ZAR) | 4040000 | &nbsp;&nbsp;&nbsp; 216264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 02/28/48 (ZAR) | 16900000 | &nbsp;&nbsp;&nbsp; 903415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 02/28/35 (ZAR) | 375220000 | &nbsp;&nbsp;&nbsp; 21783431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 01/31/40 (ZAR) | 15840000 | &nbsp;&nbsp;&nbsp; 879093 |
| Republic of South Africa Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.100%, 11/19/36 (144A) | 3000000 | &nbsp;&nbsp;&nbsp; 3064245 |
| Romania Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/10/30 (144A) (EUR) | 2600000 | &nbsp;&nbsp;&nbsp; 3053220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 03/22/31 (144A) (EUR) | 3050000 | &nbsp;&nbsp;&nbsp; 3556826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 06/07/33 (144A) (EUR) | 600000 | &nbsp;&nbsp;&nbsp; 676272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 05/30/37 (144A) (EUR) | 4100000 | &nbsp;&nbsp;&nbsp; 4460994 |
| Saudi Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 01/12/29 (144A) | 1500000 | &nbsp;&nbsp;&nbsp; 1477074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/18/28 (144A) | 6000000 | &nbsp;&nbsp;&nbsp; 6006831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/16/30 (144A) | 7800000 | &nbsp;&nbsp;&nbsp; 7789031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/18/53 (144A) | 6000000 | &nbsp;&nbsp;&nbsp; 5078568 |
| U.K. Gilts |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 07/31/54 (GBP) | 17254000 | &nbsp;&nbsp;&nbsp; 19017843 |
|  |  | &nbsp;&nbsp;&nbsp; 287724512 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Foreign Government <br>(Cost $318,996,692) <br>|  | &nbsp;&nbsp;&nbsp; 313425113 |
| **Asset-Backed Securities—7.2%** | **Asset-Backed Securities—7.2%** | **Asset-Backed Securities—7.2%** |
| **Asset-Backed - Automobile — 0.2%** | **Asset-Backed - Automobile — 0.2%** | **Asset-Backed - Automobile — 0.2%** |
| Citizens Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.840%, 01/18/28 (144A) | 1332842 | &nbsp;&nbsp;&nbsp; 1337957 |
| Ford Credit Auto Lease Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 06/15/27 | 1400000 | &nbsp;&nbsp;&nbsp; 1401836 |
| Hyundai Auto Lease Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.020%, 03/15/27 (144A) | 294036 | &nbsp;&nbsp;&nbsp; 294181 |
| Toyota Auto Loan Extended Note Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.930%, 06/25/36 (144A) | 3900000 | &nbsp;&nbsp;&nbsp; 3958910 |
|  |  | &nbsp;&nbsp;&nbsp; 6992884 |
| **Asset-Backed - Home Equity — 0.7%** | **Asset-Backed - Home Equity — 0.7%** | **Asset-Backed - Home Equity — 0.7%** |
| ABFC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.493%, 1M TSFR + 0.814%, 06/25/34 (a) | 726845 | &nbsp;&nbsp;&nbsp; 730178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.618%, 1M TSFR + 0.939%, 07/25/35 (a) | 3634024 | &nbsp;&nbsp;&nbsp; 3501732 |
| Accredited Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.083%, 1M TSFR + 0.404%, 07/25/34 (a) | 1694805 | &nbsp;&nbsp;&nbsp; 1669995 |
| ACE Securities Corp. Home Equity Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.093%, 1M TSFR + 0.414%, 04/25/36 (a) | 862144 | &nbsp;&nbsp;&nbsp; 847151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.093%, 1M TSFR + 0.414%, 07/25/36 (a) | 7452702 | &nbsp;&nbsp;&nbsp; 2440045 |

---

**BHFTI-267**

------

**Brighthouse Funds Trust I**

**PIMCO 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 - Home Equity—(Continued)** | **Asset-Backed - Home Equity—(Continued)** | **Asset-Backed - Home Equity—(Continued)** |
| Asset-Backed Securities Corp. Home Equity Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.873%, 1M TSFR + 0.194%, 05/25/37 (a) | 16005 | &nbsp;&nbsp;&nbsp; $11515 |
| Bear Stearns Asset-Backed Securities I Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.798%, 1M TSFR + 1.119%, 06/25/35 (a) | 673548 | &nbsp;&nbsp;&nbsp; 665360 |
| Citigroup Mortgage Loan Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.113%, 1M TSFR + 0.434%, 12/25/36 (144A) (a) | 4929015 | &nbsp;&nbsp;&nbsp; 2757787 |
| HSI Asset Securitization Corp. Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.133%, 1M TSFR + 0.454%, 12/25/36 (a) | 7933924 | &nbsp;&nbsp;&nbsp; 1780775 |
| IXIS Real Estate Capital Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.738%, 1M TSFR + 1.059%, 02/25/35 (a) | 598461 | &nbsp;&nbsp;&nbsp; 615949 |
| MASTR Asset-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.893%, 1M TSFR + 0.214%, 08/25/36 (a) | 4425373 | &nbsp;&nbsp;&nbsp; 1488878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.113%, 1M TSFR + 0.434%, 08/25/36 (a) | 2865256 | &nbsp;&nbsp;&nbsp; 972165 |
| Merrill Lynch Mortgage Investors Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.293%, 1M TSFR + 0.614%, 07/25/37 (a) | 8128370 | &nbsp;&nbsp;&nbsp; 1641353 |
| Morgan Stanley ABS Capital I, Inc. Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.853%, 1M TSFR + 0.234%, 05/25/37 (a) | 76676 | &nbsp;&nbsp;&nbsp; 70247 |
| NovaStar Mortgage Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.993%, 1M TSFR + 0.314%, 09/25/37 (a) | 1593594 | &nbsp;&nbsp;&nbsp; 1578819 |
| Option One Mortgage Accept Corp. Asset Back Certificates |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.433%, 1M TSFR + 0.754%, 08/25/33 (a) | 4722 | &nbsp;&nbsp;&nbsp; 4980 |
| Option One Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.073%, 1M TSFR + 0.394%, 01/25/37 (a) | 3505641 | &nbsp;&nbsp;&nbsp; 2282950 |
| Renaissance Home Equity Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.723%, 1M TSFR + 0.994%, 08/25/33 (a) | 45863 | &nbsp;&nbsp;&nbsp; 42405 |
| Residential Asset Securities Corporation Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.373%, 1M TSFR + 0.694%, 06/25/33 (a) | 389298 | &nbsp;&nbsp;&nbsp; 383870 |
|  |  | &nbsp;&nbsp;&nbsp; 23486154 |
| **Asset-Backed - Other — 6.0%** | **Asset-Backed - Other — 6.0%** | **Asset-Backed - Other — 6.0%** |
| Arbour CLO DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.314%, 3M EURIBOR + 1.330%, 05/15/38 (144A) <br> (EUR) (a)<br>| 5500000 | &nbsp;&nbsp;&nbsp; 6359592 |
| ARES European CLO X DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.796%, 3M EURIBOR + 0.780%, 10/15/31 (144A) <br> (EUR) (a)<br>| 1682021 | &nbsp;&nbsp;&nbsp; 1943293 |
| &nbsp;&nbsp;&nbsp;&nbsp; Argent Securities, Inc. Asset-Backed Pass-Through <br> Certificates<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.553%, 1M TSFR + 0.874%, 02/25/36 (a) | 3226794 | &nbsp;&nbsp;&nbsp; 2642325 |
| Capital Four U.S. CLO II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.568%, 3M TSFR + 1.900%, 01/20/37 (144A) (a) | 8200000 | &nbsp;&nbsp;&nbsp; 8201394 |
| Countrywide Asset-Backed Certificates Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.073%, 1M TSFR + 0.394%, 02/25/37 (a) | 1148587 | &nbsp;&nbsp;&nbsp; 1105352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.073%, 1M TSFR + 0.394%, 07/25/37 (a) | 4314218 | &nbsp;&nbsp;&nbsp; 3999976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.073%, 1M TSFR + 0.394%, 04/25/47 (a) | 1100985 | &nbsp;&nbsp;&nbsp; 1080883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.233%, 1M TSFR + 0.554%, 09/25/37 (a) | 1349769 | &nbsp;&nbsp;&nbsp; 1456807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.242%, 10/25/46 (a) | 349066 | &nbsp;&nbsp;&nbsp; 367297 |
| Dryden 54 Senior Loan Fund |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.818%, 3M TSFR + 1.150%, 10/19/29 (144A) (a) | 139735 | &nbsp;&nbsp;&nbsp; 139699 |
| First Franklin Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.073%, 1M TSFR + 0.394%, 12/25/36 (a) | 4029426 | &nbsp;&nbsp;&nbsp; 1562658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.103%, 1M TSFR + 0.424%, 10/25/36 (a) | 16033433 | &nbsp;&nbsp;&nbsp; 13412573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.422%, 1M TSFR + 1.044%, 10/25/34 (a) | 1507876 | &nbsp;&nbsp;&nbsp; 1495247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.218%, 1M TSFR + 1.539%, 10/25/34 (a) | 1006091 | &nbsp;&nbsp;&nbsp; 1014808 |
| GoodLeap Sustainable Home Solutions Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/20/49 (144A) | 8512731 | &nbsp;&nbsp;&nbsp; 7330250 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** | **Asset-Backed - Other—(Continued)** |
| GreenSky Home Improvement Issuer Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.120%, 03/25/60 (144A) | 1598816 | &nbsp;&nbsp;&nbsp; $1602827 |
| GSAMP Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.133%, 1M TSFR + 0.454%, 12/25/36 (a) | 2035456 | &nbsp;&nbsp;&nbsp; 999075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.113%, 1M TSFR + 1.434%, 12/25/34 (a) | 3116594 | &nbsp;&nbsp;&nbsp; 2856822 |
| Harvest CLO XXV DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.983%, 3M EURIBOR + 0.950%, 10/21/34 (144A) <br> (EUR) (a)<br>| 9060000 | &nbsp;&nbsp;&nbsp; 10422083 |
| Home Equity Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.023%, 1M TSFR + 0.344%, 04/25/37 (a) | 3055887 | &nbsp;&nbsp;&nbsp; 2986990 |
| Home Equity Mortgage Loan Asset-Backed Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.013%, 1M TSFR + 0.334%, 04/25/37 (a) | 1726729 | &nbsp;&nbsp;&nbsp; 1362419 |
| ICG U.S. CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.818%, 3M TSFR + 1.150%, 10/20/34 (144A) (a) | 2600000 | &nbsp;&nbsp;&nbsp; 2596760 |
| KKR CLO 16 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.808%, 3M TSFR + 1.140%, 10/20/34 (144A) (a) | 9900000 | &nbsp;&nbsp;&nbsp; 9889684 |
| KKR CLO 41 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.002%, 3M TSFR + 1.330%, 04/15/35 (144A) (a) | 6000000 | &nbsp;&nbsp;&nbsp; 6001272 |
| KREF Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.127%, 1M TSFR + 1.450%, 02/17/39 (144A) (a) | 5065221 | &nbsp;&nbsp;&nbsp; 5065352 |
| Long Beach Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.113%, 1M TSFR + 0.434%, 05/25/36 (a) | 26467334 | &nbsp;&nbsp;&nbsp; 7577603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.313%, 1M TSFR + 0.634%, 08/25/45 (a) | 347556 | &nbsp;&nbsp;&nbsp; 345473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.573%, 1M TSFR + 0.894%, 08/25/35 (a) | 4285746 | &nbsp;&nbsp;&nbsp; 4252860 |
| Merrill Lynch First Franklin Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.293%, 1M TSFR + 2.614%, 10/25/37 (a) | 8006502 | &nbsp;&nbsp;&nbsp; 6915026 |
| MMAF Equipment Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 09/13/27 (144A) | 1397564 | &nbsp;&nbsp;&nbsp; 1399895 |
| Morgan Stanley ABS Capital I, Inc. Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.043%, 1M TSFR + 0.364%, 07/25/36 (a) | 2136954 | &nbsp;&nbsp;&nbsp; 1937252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.093%, 1M TSFR + 0.414%, 06/25/36 (a) | 131509 | &nbsp;&nbsp;&nbsp; 117096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.413%, 1M TSFR + 0.734%, 12/25/35 (a) | 427568 | &nbsp;&nbsp;&nbsp; 422979 |
| Park Place Securities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.528%, 1M TSFR + 0.849%, 09/25/35 (a) | 2505329 | &nbsp;&nbsp;&nbsp; 2474429 |
| &nbsp;&nbsp;&nbsp;&nbsp; Park Place Securities, Inc. Asset-Backed Pass-Through <br> Certificates<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.843%, 1M TSFR + 1.164%, 10/25/34 (a) | 1094064 | &nbsp;&nbsp;&nbsp; 1086854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.593%, 1M TSFR + 1.914%, 12/25/34 (a) | 1555395 | &nbsp;&nbsp;&nbsp; 1543108 |
| Romark CLO - IV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.790%, 3M TSFR + 1.140%, 07/10/34 (144A) (a) | 6200000 | &nbsp;&nbsp;&nbsp; 6196150 |
| Romark Credit Funding III Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.539%, 09/15/42 (144A) | 5700000 | &nbsp;&nbsp;&nbsp; 5706509 |
| Saxon Asset Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.193%, 1M TSFR + 0.514%, 09/25/47 (a) | 1367504 | &nbsp;&nbsp;&nbsp; 1293203 |
| Securitized Asset-Backed Receivables LLC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.293%, 1M TSFR + 0.614%, 03/25/36 (a) | 12279831 | &nbsp;&nbsp;&nbsp; 7760436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.293%, 1M TSFR + 0.614%, 05/25/36 (a) | 5778952 | &nbsp;&nbsp;&nbsp; 3081919 |
| Soundview Home Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.013%, 1M TSFR + 0.334%, 02/25/37 (a) | 1941732 | &nbsp;&nbsp;&nbsp; 506975 |
| Specialty Underwriting & Residential Finance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.333%, 1M TSFR + 0.654%, 04/25/37 (a) | 2175575 | &nbsp;&nbsp;&nbsp; 1609081 |
| Starwood Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.022%, SOFR30A + 1.350%, 11/15/38 (144A) (a) | 1695814 | &nbsp;&nbsp;&nbsp; 1692632 |
| Structured Asset Investment Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.423%, 1M TSFR + 0.744%, 11/25/35 (a) | 2324315 | &nbsp;&nbsp;&nbsp; 2295459 |

---

**BHFTI-268**

------

**Brighthouse Funds Trust I**

**PIMCO 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)** |
| Structured Asset Securities Corp. Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.593%, 1M TSFR + 1.914%, 08/25/37 (a) | 3611 | &nbsp;&nbsp;&nbsp; $3609 |
| Sunrun Demeter Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.270%, 01/30/57 (144A) | 10491021 | &nbsp;&nbsp;&nbsp; 9522138 |
| Symphony CLO XXXII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.821%, 3M TSFR + 1.150%, 10/23/35 (144A) (a) | 9900000 | &nbsp;&nbsp;&nbsp; 9891644 |
| THL Credit Wind River CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.872%, 3M TSFR + 1.200%, 04/15/35 (144A) (a) | 11350000 | &nbsp;&nbsp;&nbsp; 11337572 |
| Toro European CLO 7 DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.794%, 3M EURIBOR + 0.810%, 02/15/34 (144A) <br> (EUR) (a)<br>| 11691441 | &nbsp;&nbsp;&nbsp; 13502541 |
| U.S. Small Business Administration |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.220%, 12/01/28 | 186949 | &nbsp;&nbsp;&nbsp; 190368 |
| Vibrant CLO XII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.818%, 3M TSFR + 1.150%, 04/20/34 (144A) (a) | 5000000 | &nbsp;&nbsp;&nbsp; 4994670 |
|  |  | &nbsp;&nbsp;&nbsp; 203552919 |
| **Asset-Backed - Student Loan — 0.3%** | **Asset-Backed - Student Loan — 0.3%** | **Asset-Backed - Student Loan — 0.3%** |
| Nelnet Student Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.670%, 06/22/65 (144A) | 4214929 | &nbsp;&nbsp;&nbsp; 4167003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.023%, SOFR30A + 1.350%, 06/22/65 (144A) (a) | 3407815 | &nbsp;&nbsp;&nbsp; 3431708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.873%, SOFR30A + 2.200%, 02/20/41 (144A) (a) | 1610053 | &nbsp;&nbsp;&nbsp; 1643469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.640%, 02/20/41 (144A) | 1694793 | &nbsp;&nbsp;&nbsp; 1751888 |
|  |  | &nbsp;&nbsp;&nbsp; 10994068 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities <br>(Cost $253,456,452) <br>|  | &nbsp;&nbsp;&nbsp; 245026025 |
| **Municipals—0.9%** | **Municipals—0.9%** | **Municipals—0.9%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Louisiana Local Government Environmental Facilities & <br> Community Development Authority<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.048%, 12/01/34 | 5900000 | &nbsp;&nbsp;&nbsp; 6045476 |
| Sales Tax Securitization Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.007%, 01/01/33 | 10100000 | &nbsp;&nbsp;&nbsp; 9160059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.057%, 01/01/34 | 2000000 | &nbsp;&nbsp;&nbsp; 1791104 |
| State of Illinois, General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.725%, 04/01/35 | 4400000 | &nbsp;&nbsp;&nbsp; 4606536 |
| Texas Natural Gas Securitization Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.169%, 04/01/41 | 5900000 | &nbsp;&nbsp;&nbsp; 5975414 |
| Tobacco Settlement Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.820%, 06/01/26 | 2250000 | &nbsp;&nbsp;&nbsp; 2240795 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Municipals <br>(Cost $30,737,201) <br>|  | &nbsp;&nbsp;&nbsp; 29819384 |
| **Floating Rate Loans (n)—0.1%** | **Floating Rate Loans (n)—0.1%** | **Floating Rate Loans (n)—0.1%** |
| **Commercial Services — 0.0%** | **Commercial Services — 0.0%** | **Commercial Services — 0.0%** |
| Stepstone Group MidCo 2 GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; USD Term Loan B, 8.199%, 6M TSFR + 4.500%, <br> 12/19/31<br>| 847327 | &nbsp;&nbsp;&nbsp; 747766 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Investment Companies — 0.1%** | **Investment Companies — 0.1%** | **Investment Companies — 0.1%** |
| Castlelake LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; First Lien Term Loan, 2.950%, 05/12/31 (g) | 4884986 | &nbsp;&nbsp;&nbsp; $4577291 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Floating Rate Loans <br>(Cost $5,720,980) <br>|  | &nbsp;&nbsp;&nbsp; 5325057 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Purchased Options—0.0% (o) <br>(Cost $530,447) <br>|  | &nbsp;&nbsp;&nbsp; 359712 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—138.7% <br>(Cost $4,953,581,258) <br>|  | &nbsp;&nbsp;&nbsp; 4739470371 |
| Other assets and liabilities (net)—(38.7)%  |  | &nbsp;&nbsp;&nbsp; (1322367287)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $3417103084 |

---

&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> $896,378 which is 0.0% of net assets. See details shown in the Restricted Securities table that <br> follows.<br>|
| (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) | Interest only security. |
| (c) | 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>|
| (d) | Non-income producing; security is in default and/or issuer is in bankruptcy. |
| (e) | Security is a "step up" bond where coupon increases or steps up at a predetermined date. <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) | 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 $46,587,594.<br>|
| (i) | 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 $9,045,784.<br>|
| (j) | All or a portion of the security was pledged as collateral against open reverse repurchase <br> agreements. As of March 31, 2026, the market value of securities pledged <br> was $79,248,084.<br>|
| (k) | Principal amount of security is adjusted for inflation. |
| (l) | 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 $270,586.<br>|
| (m) | 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 $17,002,660.<br>|
| (n) | 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>|

---

**BHFTI-269**

------

**Brighthouse Funds Trust I**

**PIMCO Total Return Portfolio**

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

---

| | |
|:---|:---|
|  | 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>|
| (o) | For a breakout of open positions, see details shown in the Purchased Options table  |

---

---

| | |
|:---|:---|
|  | that follows. |
| (144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These <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> $1,014,483,999, which is 29.7% of net assets.<br>|

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Restricted Securities** | **Acquisition** <br>**Date**<br>| **Principal** <br>**Amount** | **Principal** <br>**Amount** | **Cost** | **Value** |
| British Airways Pass-Through Trust, 4.125%, 03/20/33 | 10/01/19 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 869358 | &nbsp;&nbsp; $899420 | &nbsp;&nbsp; $840143 |
| Thames Water Super Senior Issuer PLC, 9.750%, 10/10/27 | 04/08/25-08/12/25 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 39043 | &nbsp;&nbsp; 37130 | &nbsp;&nbsp; 56235 |
|  |  |  |  |  | &nbsp;&nbsp; $896378 |

---

**Reverse Repurchase Agreements** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Interest** <br>**Rate**<br>| **Settlement** <br>**Date**<br>| **Maturity** <br>**Date**<br>| **Principal Amount** | **Principal Amount** | **Net Closing** <br>**Amount**<br>|
| Deutsche Bank Securities, Inc. | 3.770<br> %<br>| &nbsp;&nbsp; 03/04/26 | &nbsp;&nbsp; 04/08/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; (29118125)<br>| &nbsp;&nbsp; $(29118125)<br>|
| Deutsche Bank Securities, Inc. | 3.760<br> %<br>| &nbsp;&nbsp; 03/05/26 | &nbsp;&nbsp; 04/16/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; (26880625)<br>| &nbsp;&nbsp; (26880625)<br>|
| JPMorgan Securities LLC | 3.740<br> %<br>| &nbsp;&nbsp; 03/31/26 | &nbsp;&nbsp; 04/01/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; (5466800)<br>| &nbsp;&nbsp; (5466800)<br>|
| JPMorgan Securities LLC | 3.770<br> %<br>| &nbsp;&nbsp; 03/24/26 | &nbsp;&nbsp; 04/07/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; (7519753)<br>| &nbsp;&nbsp; (7519753)<br>|
| JPMorgan Securities LLC | 3.760<br> %<br>| &nbsp;&nbsp; 03/13/26 | &nbsp;&nbsp; 04/17/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; (11655206)<br>| &nbsp;&nbsp; (11655206)<br>|
| Total |  |  |  |  |  | &nbsp;&nbsp; $(80640509)<br>|

---

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

**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; 1584000 | BBP | 04/02/26 | USD | 1115258 | &nbsp;&nbsp; $(22377)<br>|
| AUD | &nbsp;&nbsp; 2199000 | BNP | 04/02/26 | USD | 1523953 | &nbsp;&nbsp; (6753)<br>|
| AUD | &nbsp;&nbsp; 52261103 | DBAG | 04/02/26 | USD | 35851117 | &nbsp;&nbsp; 206441 |
| AUD | &nbsp;&nbsp; 2897000 | JPMC | 04/02/26 | USD | 2016634 | &nbsp;&nbsp; (17849)<br>|
| AUD | &nbsp;&nbsp; 1448000 | MSIP | 04/02/26 | USD | 1021427 | &nbsp;&nbsp; (22379)<br>|
| BRL | &nbsp;&nbsp; 900000 | BOA | 04/02/26 | USD | 171592 | &nbsp;&nbsp; 2158 |
| BRL | &nbsp;&nbsp; 6658843 | BOA | 04/02/26 | USD | 1275787 | &nbsp;&nbsp; 9741 |
| BRL | &nbsp;&nbsp; 7659349 | BOA | 06/02/26 | USD | 1444043 | &nbsp;&nbsp; 15270 |
| BRL | &nbsp;&nbsp; 1600000 | BNP | 04/02/26 | USD | 305454 | &nbsp;&nbsp; 3435 |
| BRL | &nbsp;&nbsp; 2600000 | BNP | 04/02/26 | USD | 498447 | &nbsp;&nbsp; 3498 |
| BRL | &nbsp;&nbsp; 1800000 | BNP | 04/02/26 | USD | 343413 | &nbsp;&nbsp; 4087 |
| BRL | &nbsp;&nbsp; 1500000 | BNP | 04/02/26 | USD | 285301 | &nbsp;&nbsp; 4282 |
| BRL | &nbsp;&nbsp; 1700000 | BNP | 04/02/26 | USD | 323065 | &nbsp;&nbsp; 5130 |
| BRL | &nbsp;&nbsp; 1400000 | BNP | 04/02/26 | USD | 263644 | &nbsp;&nbsp; 6635 |
| BRL | &nbsp;&nbsp; 1800000 | BNP | 04/02/26 | USD | 339482 | &nbsp;&nbsp; 8019 |
| BRL | &nbsp;&nbsp; 31618827 | BNP | 04/02/26 | USD | 5970000 | &nbsp;&nbsp; 134198 |
| BRL | &nbsp;&nbsp; 136451011 | BNP | 04/02/26 | USD | 26143045 | &nbsp;&nbsp; 199611 |
| BRL | &nbsp;&nbsp; 9963155 | BNP | 05/05/26 | USD | 1900000 | &nbsp;&nbsp; 11772 |
| BRL | &nbsp;&nbsp; 163720646 | BNP | 05/05/26 | USD | 30907016 | &nbsp;&nbsp; 508393 |
| BRL | &nbsp;&nbsp; 3100000 | GSBU | 04/02/26 | USD | 589645 | &nbsp;&nbsp; 8828 |
| BRL | &nbsp;&nbsp; 4200000 | GSBU | 04/02/26 | USD | 797978 | &nbsp;&nbsp; 12856 |
| BRL | &nbsp;&nbsp; 4400000 | GSBU | 04/02/26 | USD | 834841 | &nbsp;&nbsp; 14605 |
| BRL | &nbsp;&nbsp; 3300000 | GSBU | 04/02/26 | USD | 619895 | &nbsp;&nbsp; 17189 |
| BRL | &nbsp;&nbsp; 83540250 | GSBU | 04/02/26 | USD | 15543963 | &nbsp;&nbsp; 583966 |
| BRL | &nbsp;&nbsp; 159264764 | GSBU | 04/02/26 | USD | 29617429 | &nbsp;&nbsp; 1129555 |
| BRL | &nbsp;&nbsp; 7688487 | GSBU | 06/02/26 | USD | 1441060 | &nbsp;&nbsp; 23804 |

---

**BHFTI-270**

------

**Brighthouse Funds Trust I**

**PIMCO Total Return 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>|
| BRL | &nbsp;&nbsp; 15300718 | GSBU | 06/02/26 | USD | 2879268 | &nbsp;&nbsp; $35932 |
| BRL | &nbsp;&nbsp; 21035792 | GSBU | 07/02/26 | USD | 3914364 | &nbsp;&nbsp; 64676 |
| BRL | &nbsp;&nbsp; 47714350 | GSBU | 07/02/26 | USD | 8865707 | &nbsp;&nbsp; 159734 |
| BRL | &nbsp;&nbsp; 1600000 | JPMC | 04/02/26 | USD | 300639 | &nbsp;&nbsp; 8250 |
| BRL | &nbsp;&nbsp; 3300000 | JPMC | 04/02/26 | USD | 627555 | &nbsp;&nbsp; 9529 |
| BRL | &nbsp;&nbsp; 3300000 | JPMC | 04/02/26 | USD | 624102 | &nbsp;&nbsp; 12982 |
| CAD | &nbsp;&nbsp; 84931 | BOA | 05/04/26 | USD | 61060 | &nbsp;&nbsp; 82 |
| CAD | &nbsp;&nbsp; 73764668 | BBP | 04/02/26 | USD | 53190559 | &nbsp;&nbsp; (162036)<br>|
| CAD | &nbsp;&nbsp; 1410000 | JPMC | 04/02/26 | USD | 1034296 | &nbsp;&nbsp; (20664)<br>|
| CHF | &nbsp;&nbsp; 911000 | BBP | 04/02/26 | USD | 1158493 | &nbsp;&nbsp; (19174)<br>|
| CHF | &nbsp;&nbsp; 14233 | BBP | 05/04/26 | USD | 17857 | &nbsp;&nbsp; 7 |
| CHF | &nbsp;&nbsp; 6360214 | SG | 04/02/26 | USD | 7934399 | &nbsp;&nbsp; 19846 |
| CNH | &nbsp;&nbsp; 2138000 | BOA | 04/02/26 | USD | 310055 | &nbsp;&nbsp; 356 |
| CNH | &nbsp;&nbsp; 6401000 | CBNA | 04/02/26 | USD | 928818 | &nbsp;&nbsp; 526 |
| CNH | &nbsp;&nbsp; 22203504 | DBAG | 04/02/26 | USD | 3210594 | &nbsp;&nbsp; 13075 |
| CNH | &nbsp;&nbsp; 5721000 | GSBU | 04/02/26 | USD | 833214 | &nbsp;&nbsp; (2597)<br>|
| CNH | &nbsp;&nbsp; 23362353 | JPMC | 04/02/26 | USD | 3376204 | &nbsp;&nbsp; 15715 |
| CNY | &nbsp;&nbsp; 940743 | BOA | 05/13/26 | USD | 135454 | &nbsp;&nbsp; 1087 |
| EUR | &nbsp;&nbsp; 6198000 | JPMC | 04/02/26 | USD | 7274867 | &nbsp;&nbsp; (110907)<br>|
| EUR | &nbsp;&nbsp; 153776448 | SG | 04/02/26 | USD | 177458021 | &nbsp;&nbsp; 284520 |
| GBP | &nbsp;&nbsp; 783000 | BNP | 04/02/26 | USD | 1049329 | &nbsp;&nbsp; (12950)<br>|
| GBP | &nbsp;&nbsp; 1813000 | CBNA | 04/02/26 | USD | 2417602 | &nbsp;&nbsp; (17915)<br>|
| GBP | &nbsp;&nbsp; 24097000 | SG | 04/02/26 | USD | 31795991 | &nbsp;&nbsp; 98809 |
| IDR | &nbsp;&nbsp; 17295936000 | BBP | 04/09/26 | USD | 1020000 | &nbsp;&nbsp; (2391)<br>|
| IDR | &nbsp;&nbsp; 17343361235 | BBP | 06/10/26 | USD | 1017707 | &nbsp;&nbsp; 1280 |
| IDR | &nbsp;&nbsp; 21282473438 | BNP | 04/13/26 | USD | 1260586 | &nbsp;&nbsp; (8530)<br>|
| IDR | &nbsp;&nbsp; 6744724593 | BNP | 04/13/26 | USD | 399415 | &nbsp;&nbsp; (2620)<br>|
| IDR | &nbsp;&nbsp; 20851154330 | BNP | 04/16/26 | USD | 1232702 | &nbsp;&nbsp; (6096)<br>|
| IDR | &nbsp;&nbsp; 10481723785 | BNP | 04/16/26 | USD | 619799 | &nbsp;&nbsp; (3193)<br>|
| IDR | &nbsp;&nbsp; 10510240000 | BNP | 04/17/26 | USD | 620000 | &nbsp;&nbsp; (1729)<br>|
| IDR | &nbsp;&nbsp; 27625800000 | BNP | 04/27/26 | USD | 1640000 | &nbsp;&nbsp; (15225)<br>|
| IDR | &nbsp;&nbsp; 41963568671 | BNP | 04/27/26 | USD | 2478001 | &nbsp;&nbsp; (9968)<br>|
| IDR | &nbsp;&nbsp; 22367400000 | BNP | 04/27/26 | USD | 1320000 | &nbsp;&nbsp; (4491)<br>|
| IDR | &nbsp;&nbsp; 22520588847 | BNP | 04/27/26 | USD | 1325001 | &nbsp;&nbsp; (482)<br>|
| IDR | &nbsp;&nbsp; 41841993048 | BNP | 05/04/26 | USD | 2466001 | &nbsp;&nbsp; (5467)<br>|
| IDR | &nbsp;&nbsp; 13402279061 | BNP | 06/10/26 | USD | 795345 | &nbsp;&nbsp; (7911)<br>|
| IDR | &nbsp;&nbsp; 5285272069 | BNP | 06/10/26 | USD | 314534 | &nbsp;&nbsp; (4005)<br>|
| IDR | &nbsp;&nbsp; 3804887486 | BNP | 06/10/26 | USD | 225654 | &nbsp;&nbsp; (2103)<br>|
| IDR | &nbsp;&nbsp; 9237393637 | CBNA | 06/10/26 | USD | 549754 | &nbsp;&nbsp; (7023)<br>|
| IDR | &nbsp;&nbsp; 37233529164 | GSBU | 06/10/26 | USD | 2207282 | &nbsp;&nbsp; (19673)<br>|
| IDR | &nbsp;&nbsp; 8377220108 | GSBU | 06/10/26 | USD | 492598 | &nbsp;&nbsp; (405)<br>|
| IDR | &nbsp;&nbsp; 3542028000 | JPMC | 06/10/26 | USD | 209126 | &nbsp;&nbsp; (1019)<br>|
| IDR | &nbsp;&nbsp; 207874482 | JPMC | 06/10/26 | USD | 12320 | &nbsp;&nbsp; (106)<br>|
| ILS | &nbsp;&nbsp; 3029000 | BOA | 04/06/26 | USD | 981676 | &nbsp;&nbsp; (18148)<br>|
| ILS | &nbsp;&nbsp; 1060000 | BOA | 06/10/26 | USD | 339946 | &nbsp;&nbsp; (2110)<br>|
| ILS | &nbsp;&nbsp; 407000 | BOA | 06/10/26 | USD | 130326 | &nbsp;&nbsp; (609)<br>|
| ILS | &nbsp;&nbsp; 4355300 | BNP | 04/06/26 | USD | 1375061 | &nbsp;&nbsp; 10365 |
| ILS | &nbsp;&nbsp; 1201000 | JPMC | 06/10/26 | USD | 386679 | &nbsp;&nbsp; (3903)<br>|
| INR | &nbsp;&nbsp; 24000000 | BOA | 04/07/26 | USD | 260088 | &nbsp;&nbsp; (7080)<br>|
| INR | &nbsp;&nbsp; 585189237 | BOA | 04/24/26 | USD | 6206270 | &nbsp;&nbsp; (48092)<br>|
| INR | &nbsp;&nbsp; 182623521 | BOA | 04/24/26 | USD | 1941399 | &nbsp;&nbsp; (19579)<br>|
| INR | &nbsp;&nbsp; 588556139 | BNP | 04/09/26 | USD | 6390000 | &nbsp;&nbsp; (186755)<br>|
| INR | &nbsp;&nbsp; 297695195 | CBNA | 04/07/26 | USD | 3272005 | &nbsp;&nbsp; (133705)<br>|
| INR | &nbsp;&nbsp; 297536483 | CBNA | 04/07/26 | USD | 3268608 | &nbsp;&nbsp; (131981)<br>|
| INR | &nbsp;&nbsp; 266969178 | CBNA | 04/07/26 | USD | 2937197 | &nbsp;&nbsp; (122811)<br>|
| INR | &nbsp;&nbsp; 266933815 | CBNA | 04/07/26 | USD | 2936711 | &nbsp;&nbsp; (122697)<br>|
| INR | &nbsp;&nbsp; 267237678 | CBNA | 04/07/26 | USD | 2938373 | &nbsp;&nbsp; (121156)<br>|
| INR | &nbsp;&nbsp; 297601126 | CBNA | 04/07/26 | USD | 3245555 | &nbsp;&nbsp; (108246)<br>|
| INR | &nbsp;&nbsp; 294120078 | CBNA | 04/07/26 | USD | 3208291 | &nbsp;&nbsp; (107680)<br>|

---

**BHFTI-271**

------

**Brighthouse Funds Trust I**

**PIMCO Total Return 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>|
| INR | &nbsp;&nbsp; 234751952 | CBNA | 04/07/26 | USD | 2578615 | &nbsp;&nbsp; $(103862)<br>|
| INR | &nbsp;&nbsp; 187428672 | CBNA | 04/24/26 | USD | 2020522 | &nbsp;&nbsp; (48136)<br>|
| INR | &nbsp;&nbsp; 190285985 | CBNA | 04/24/26 | USD | 2049590 | &nbsp;&nbsp; (47135)<br>|
| INR | &nbsp;&nbsp; 140073810 | CBNA | 04/24/26 | USD | 1508522 | &nbsp;&nbsp; (34470)<br>|
| INR | &nbsp;&nbsp; 147439458 | CBNA | 04/24/26 | USD | 1582291 | &nbsp;&nbsp; (30727)<br>|
| INR | &nbsp;&nbsp; 145315178 | CBNA | 04/24/26 | USD | 1551104 | &nbsp;&nbsp; (21895)<br>|
| INR | &nbsp;&nbsp; 290334251 | CBNA | 04/24/26 | USD | 3074679 | &nbsp;&nbsp; (19377)<br>|
| INR | &nbsp;&nbsp; 292753511 | CBNA | 04/24/26 | USD | 3099971 | &nbsp;&nbsp; (19210)<br>|
| INR | &nbsp;&nbsp; 57421668 | DBAG | 04/07/26 | USD | 623776 | &nbsp;&nbsp; (18437)<br>|
| INR | &nbsp;&nbsp; 176843755 | DBAG | 04/24/26 | USD | 1886434 | &nbsp;&nbsp; (25437)<br>|
| INR | &nbsp;&nbsp; 341007871 | DBAG | 04/24/26 | USD | 3585744 | &nbsp;&nbsp; 2817 |
| INR | &nbsp;&nbsp; 131848078 | JPMC | 04/07/26 | USD | 1429461 | &nbsp;&nbsp; (39520)<br>|
| INR | &nbsp;&nbsp; 288952771 | JPMC | 04/24/26 | USD | 3068058 | &nbsp;&nbsp; (27294)<br>|
| JPY | &nbsp;&nbsp; 2457908377 | BOA | 04/02/26 | USD | 15405255 | &nbsp;&nbsp; 82023 |
| JPY | &nbsp;&nbsp; 193000000 | BNP | 04/02/26 | USD | 1217893 | &nbsp;&nbsp; (1801)<br>|
| JPY | &nbsp;&nbsp; 216800000 | JPMC | 04/02/26 | USD | 1364498 | &nbsp;&nbsp; 1559 |
| KRW | &nbsp;&nbsp; 268716600 | BOA | 04/23/26 | USD | 180000 | &nbsp;&nbsp; (4456)<br>|
| KRW | &nbsp;&nbsp; 372043659 | BNP | 04/13/26 | USD | 252000 | &nbsp;&nbsp; (9022)<br>|
| KRW | &nbsp;&nbsp; 373663714 | BNP | 04/15/26 | USD | 245963 | &nbsp;&nbsp; (1914)<br>|
| KRW | &nbsp;&nbsp; 424658790 | BNP | 04/16/26 | USD | 285000 | &nbsp;&nbsp; (7637)<br>|
| KRW | &nbsp;&nbsp; 134388000 | BNP | 04/17/26 | USD | 90000 | &nbsp;&nbsp; (2223)<br>|
| KRW | &nbsp;&nbsp; 270922368 | BNP | 04/20/26 | USD | 180000 | &nbsp;&nbsp; (3029)<br>|
| KRW | &nbsp;&nbsp; 1071924543 | JPMC | 04/09/26 | USD | 708425 | &nbsp;&nbsp; (8438)<br>|
| KRW | &nbsp;&nbsp; 86927372 | JPMC | 04/15/26 | USD | 59016 | &nbsp;&nbsp; (2242)<br>|
| KRW | &nbsp;&nbsp; 7776798325 | UBSA | 04/15/26 | USD | 5278499 | &nbsp;&nbsp; (199269)<br>|
| MXN | &nbsp;&nbsp; 38135278 | BNP | 06/17/26 | USD | 2190575 | &nbsp;&nbsp; (75918)<br>|
| MXN | &nbsp;&nbsp; 68309099 | CBNA | 06/10/26 | USD | 3811488 | &nbsp;&nbsp; (21329)<br>|
| MXN | &nbsp;&nbsp; 74209901 | CBNA | 06/10/26 | USD | 4123345 | &nbsp;&nbsp; (5778)<br>|
| MXN | &nbsp;&nbsp; 13551736 | CBNA | 09/17/26 | USD | 757622 | &nbsp;&nbsp; (12190)<br>|
| MXN | &nbsp;&nbsp; 23782000 | GSBU | 04/10/26 | USD | 1290269 | &nbsp;&nbsp; 36185 |
| MXN | &nbsp;&nbsp; 18781000 | GSBU | 04/13/26 | USD | 1016348 | &nbsp;&nbsp; 30910 |
| MXN | &nbsp;&nbsp; 31665000 | GSBU | 04/15/26 | USD | 1718070 | &nbsp;&nbsp; 47324 |
| MXN | &nbsp;&nbsp; 45605140 | GSBU | 06/17/26 | USD | 2614074 | &nbsp;&nbsp; (85203)<br>|
| MXN | &nbsp;&nbsp; 41591000 | GSBU | 06/17/26 | USD | 2334021 | &nbsp;&nbsp; (27740)<br>|
| MXN | &nbsp;&nbsp; 8661424 | JPMC | 04/09/26 | USD | 470525 | &nbsp;&nbsp; 12611 |
| MXN | &nbsp;&nbsp; 430213465 | JPMC | 05/21/26 | USD | 24000216 | &nbsp;&nbsp; (88188)<br>|
| MXN | &nbsp;&nbsp; 57348652 | UBSA | 06/17/26 | USD | 3285759 | &nbsp;&nbsp; (105693)<br>|
| MYR | &nbsp;&nbsp; 1421468 | GSBU | 04/15/26 | USD | 361927 | &nbsp;&nbsp; (10723)<br>|
| NOK | &nbsp;&nbsp; 9985000 | JPMC | 04/07/26 | USD | 1047206 | &nbsp;&nbsp; (16007)<br>|
| NZD | &nbsp;&nbsp; 2728000 | BNP | 04/02/26 | USD | 1593342 | &nbsp;&nbsp; (25697)<br>|
| PLN | &nbsp;&nbsp; 14809000 | BOA | 04/15/26 | USD | 4009375 | &nbsp;&nbsp; (20173)<br>|
| PLN | &nbsp;&nbsp; 4244034 | BBP | 04/15/26 | USD | 1179416 | &nbsp;&nbsp; (36171)<br>|
| PLN | &nbsp;&nbsp; 5388816 | BNP | 04/15/26 | USD | 1495028 | &nbsp;&nbsp; (43405)<br>|
| PLN | &nbsp;&nbsp; 4326390 | BNP | 04/15/26 | USD | 1200933 | &nbsp;&nbsp; (35503)<br>|
| PLN | &nbsp;&nbsp; 1801000 | BNP | 04/15/26 | USD | 498486 | &nbsp;&nbsp; (13338)<br>|
| PLN | &nbsp;&nbsp; 452000 | BNP | 04/15/26 | USD | 125474 | &nbsp;&nbsp; (3716)<br>|
| PLN | &nbsp;&nbsp; 468000 | BNP | 04/15/26 | USD | 129739 | &nbsp;&nbsp; (3671)<br>|
| PLN | &nbsp;&nbsp; 3247000 | CBNA | 04/15/26 | USD | 897823 | &nbsp;&nbsp; (23156)<br>|
| PLN | &nbsp;&nbsp; 29056405 | DBAG | 04/22/26 | USD | 7998768 | &nbsp;&nbsp; (171744)<br>|
| PLN | &nbsp;&nbsp; 10550379 | UBSA | 04/15/26 | USD | 2912731 | &nbsp;&nbsp; (70703)<br>|
| PLN | &nbsp;&nbsp; 16738232 | UBSA | 04/22/26 | USD | 4634742 | &nbsp;&nbsp; (125907)<br>|
| SEK | &nbsp;&nbsp; 16195000 | BNP | 04/02/26 | USD | 1780996 | &nbsp;&nbsp; (70254)<br>|
| SEK | &nbsp;&nbsp; 1672952 | SG | 04/02/26 | USD | 175087 | &nbsp;&nbsp; 1633 |
| SGD | &nbsp;&nbsp; 79014 | BNP | 04/02/26 | USD | 61769 | &nbsp;&nbsp; (313)<br>|
| SGD | &nbsp;&nbsp; 108415 | BNP | 04/02/26 | USD | 84219 | &nbsp;&nbsp; 105 |
| SGD | &nbsp;&nbsp; 60552527 | DBAG | 04/02/26 | USD | 47402949 | &nbsp;&nbsp; (306016)<br>|
| SGD | &nbsp;&nbsp; 139716 | JPMC | 04/02/26 | USD | 108307 | &nbsp;&nbsp; 362 |
| THB | &nbsp;&nbsp; 41128 | BNP | 04/20/26 | USD | 1298 | &nbsp;&nbsp; (49)<br>|
| THB | &nbsp;&nbsp; 15912745 | BNP | 05/05/26 | USD | 486000 | &nbsp;&nbsp; (2271)<br>|

---

**BHFTI-272**

------

**Brighthouse Funds Trust I**

**PIMCO Total Return 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; 40362266 | DBAG | 04/16/26 | USD | 1235828 | &nbsp;&nbsp; $(10686)<br>|
| THB | &nbsp;&nbsp; 20471970 | DBAG | 04/17/26 | USD | 626794 | &nbsp;&nbsp; (5346)<br>|
| THB | &nbsp;&nbsp; 25105669 | GSBU | 04/09/26 | USD | 771267 | &nbsp;&nbsp; (9635)<br>|
| THB | &nbsp;&nbsp; 39739439 | GSBU | 04/16/26 | USD | 1211199 | &nbsp;&nbsp; (4962)<br>|
| THB | &nbsp;&nbsp; 6735302 | GSBU | 04/16/26 | USD | 205057 | &nbsp;&nbsp; (616)<br>|
| TRY | &nbsp;&nbsp; 17003528 | BBP | 04/01/26 | USD | 374094 | &nbsp;&nbsp; 8520 |
| TRY | &nbsp;&nbsp; 364453213 | BBP | 04/02/26 | USD | 7949631 | &nbsp;&nbsp; 251294 |
| TRY | &nbsp;&nbsp; 30110636 | BBP | 04/03/26 | USD | 668577 | &nbsp;&nbsp; 8240 |
| TRY | &nbsp;&nbsp; 1572591 | BBP | 04/06/26 | USD | 34232 | &nbsp;&nbsp; 1002 |
| TRY | &nbsp;&nbsp; 10033382 | BBP | 04/06/26 | USD | 220180 | &nbsp;&nbsp; 4618 |
| TRY | &nbsp;&nbsp; 24091934 | BBP | 04/07/26 | USD | 524405 | &nbsp;&nbsp; 14793 |
| TRY | &nbsp;&nbsp; 11567679 | BBP | 04/08/26 | USD | 251926 | &nbsp;&nbsp; 6690 |
| TRY | &nbsp;&nbsp; 227915744 | BBP | 04/09/26 | USD | 5014317 | &nbsp;&nbsp; 75667 |
| TRY | &nbsp;&nbsp; 23449170 | BBP | 04/17/26 | USD | 513898 | &nbsp;&nbsp; 4240 |
| TRY | &nbsp;&nbsp; 656318218 | BBP | 04/20/26 | USD | 14322118 | &nbsp;&nbsp; 122685 |
| TRY | &nbsp;&nbsp; 42558289 | BBP | 04/21/26 | USD | 929200 | &nbsp;&nbsp; 6225 |
| TRY | &nbsp;&nbsp; 23592081 | BBP | 04/22/26 | USD | 514639 | &nbsp;&nbsp; 3230 |
| TRY | &nbsp;&nbsp; 104446141 | BBP | 04/24/26 | USD | 2269828 | &nbsp;&nbsp; 16850 |
| TRY | &nbsp;&nbsp; 8258289 | BBP | 04/28/26 | USD | 178627 | &nbsp;&nbsp; 1231 |
| TRY | &nbsp;&nbsp; 38976739 | BBP | 04/28/26 | USD | 847228 | &nbsp;&nbsp; 1650 |
| TRY | &nbsp;&nbsp; 24031948 | BBP | 04/29/26 | USD | 521719 | &nbsp;&nbsp; 993 |
| TRY | &nbsp;&nbsp; 56879998 | BBP | 04/30/26 | USD | 1235286 | &nbsp;&nbsp; 285 |
| TRY | &nbsp;&nbsp; 32814308 | BBP | 05/04/26 | USD | 707983 | &nbsp;&nbsp; 1132 |
| TRY | &nbsp;&nbsp; 86731858 | BBP | 05/06/26 | USD | 1870023 | &nbsp;&nbsp; 323 |
| TRY | &nbsp;&nbsp; 61152 | GSBU | 04/02/26 | USD | 1373 | &nbsp;&nbsp; 4 |
| TWD | &nbsp;&nbsp; 38920684 | BOA | 04/23/26 | USD | 1220000 | &nbsp;&nbsp; (758)<br>|
| TWD | &nbsp;&nbsp; 7517172 | BNP | 04/13/26 | USD | 236000 | &nbsp;&nbsp; (676)<br>|
| TWD | &nbsp;&nbsp; 8384014 | BNP | 04/16/26 | USD | 262501 | &nbsp;&nbsp; 14 |
| TWD | &nbsp;&nbsp; 2890980 | BNP | 04/17/26 | USD | 90000 | &nbsp;&nbsp; 527 |
| TWD | &nbsp;&nbsp; 39251336 | BNP | 04/20/26 | USD | 1225001 | &nbsp;&nbsp; 4347 |
| TWD | &nbsp;&nbsp; 31954800 | BNP | 04/27/26 | USD | 1000000 | &nbsp;&nbsp; 1301 |
| TWD | &nbsp;&nbsp; 48143513 | BNP | 04/27/26 | USD | 1506001 | &nbsp;&nbsp; 2572 |
| TWD | &nbsp;&nbsp; 7898657 | BNP | 06/17/26 | USD | 246125 | &nbsp;&nbsp; 2225 |

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contracts to Deliver** | **Contracts to Deliver** |  |  |  |  |  |
| AUD | &nbsp;&nbsp; 1385000 | BOA | 05/04/26 | USD | 949236 | &nbsp;&nbsp; (5987)<br>|
| AUD | &nbsp;&nbsp; 1284000 | BBP | 04/02/26 | USD | 913721 | &nbsp;&nbsp; 27825 |
| AUD | &nbsp;&nbsp; 47032103 | CBNA | 04/02/26 | USD | 33521515 | &nbsp;&nbsp; 1071707 |
| AUD | &nbsp;&nbsp; 52261103 | DBAG | 05/04/26 | USD | 35837268 | &nbsp;&nbsp; (206755)<br>|
| AUD | &nbsp;&nbsp; 2181000 | JPMC | 04/02/26 | USD | 1520863 | &nbsp;&nbsp; 16082 |
| AUD | &nbsp;&nbsp; 1403000 | JPMC | 04/02/26 | USD | 988839 | &nbsp;&nbsp; 20839 |
| AUD | &nbsp;&nbsp; 5945000 | JPMC | 04/02/26 | USD | 4168308 | &nbsp;&nbsp; 66554 |
| AUD | &nbsp;&nbsp; 1198000 | MSIP | 04/02/26 | USD | 848473 | &nbsp;&nbsp; 21913 |
| AUD | &nbsp;&nbsp; 1346000 | MSIP | 04/02/26 | USD | 956324 | &nbsp;&nbsp; 27651 |
| BRL | &nbsp;&nbsp; 7558843 | BOA | 04/02/26 | USD | 1444043 | &nbsp;&nbsp; (15235)<br>|
| BRL | &nbsp;&nbsp; 1000000 | BOA | 10/02/26 | USD | 182983 | &nbsp;&nbsp; (2098)<br>|
| BRL | &nbsp;&nbsp; 162694533 | BNP | 04/02/26 | USD | 30907016 | &nbsp;&nbsp; (502104)<br>|
| BRL | &nbsp;&nbsp; 1900000 | BNP | 04/02/26 | USD | 332980 | &nbsp;&nbsp; (33826)<br>|
| BRL | &nbsp;&nbsp; 1700000 | BNP | 04/02/26 | USD | 301900 | &nbsp;&nbsp; (26295)<br>|
| BRL | &nbsp;&nbsp; 1200000 | BNP | 04/02/26 | USD | 207408 | &nbsp;&nbsp; (24259)<br>|
| BRL | &nbsp;&nbsp; 1200000 | BNP | 04/02/26 | USD | 209552 | &nbsp;&nbsp; (22115)<br>|
| BRL | &nbsp;&nbsp; 4499800 | BNP | 04/02/26 | USD | 855001 | &nbsp;&nbsp; (13711)<br>|
| BRL | &nbsp;&nbsp; 1838165 | BNP | 04/02/26 | USD | 348000 | &nbsp;&nbsp; (6868)<br>|
| BRL | &nbsp;&nbsp; 1475600 | BNP | 04/02/26 | USD | 280000 | &nbsp;&nbsp; (4873)<br>|
| BRL | &nbsp;&nbsp; 3961740 | BNP | 04/02/26 | USD | 764000 | &nbsp;&nbsp; (837)<br>|
| BRL | &nbsp;&nbsp; 1400000 | BNP | 07/02/26 | USD | 258217 | &nbsp;&nbsp; (6601)<br>|
| BRL | &nbsp;&nbsp; 1800000 | BNP | 07/02/26 | USD | 335083 | &nbsp;&nbsp; (5397)<br>|
| BRL | &nbsp;&nbsp; 1700000 | BNP | 07/02/26 | USD | 317846 | &nbsp;&nbsp; (3719)<br>|

---

**BHFTI-273**

------

**Brighthouse Funds Trust I**

**PIMCO Total Return 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>|
| BRL | &nbsp;&nbsp; 1900000 | BNP | 10/02/26 | USD | 343720 | &nbsp;&nbsp; $(7933)<br>|
| BRL | &nbsp;&nbsp; 1600000 | BNP | 10/02/26 | USD | 291343 | &nbsp;&nbsp; (4786)<br>|
| BRL | &nbsp;&nbsp; 1900000 | BNP | 10/02/26 | USD | 347489 | &nbsp;&nbsp; (4164)<br>|
| BRL | &nbsp;&nbsp; 2800000 | BNP | 10/02/26 | USD | 514247 | &nbsp;&nbsp; (3978)<br>|
| BRL | &nbsp;&nbsp; 136053618 | GSBU | 04/02/26 | USD | 26066908 | &nbsp;&nbsp; (199030)<br>|
| BRL | &nbsp;&nbsp; 46753307 | GSBU | 04/02/26 | USD | 8865707 | &nbsp;&nbsp; (160289)<br>|
| BRL | &nbsp;&nbsp; 10100000 | GSBU | 04/02/26 | USD | 1817626 | &nbsp;&nbsp; (132238)<br>|
| BRL | &nbsp;&nbsp; 4700000 | GSBU | 04/02/26 | USD | 812404 | &nbsp;&nbsp; (94958)<br>|
| BRL | &nbsp;&nbsp; 4700000 | GSBU | 04/02/26 | USD | 815070 | &nbsp;&nbsp; (92292)<br>|
| BRL | &nbsp;&nbsp; 6100000 | GSBU | 04/02/26 | USD | 1096215 | &nbsp;&nbsp; (81425)<br>|
| BRL | &nbsp;&nbsp; 20609126 | GSBU | 04/02/26 | USD | 3914364 | &nbsp;&nbsp; (64347)<br>|
| BRL | &nbsp;&nbsp; 3500000 | GSBU | 04/02/26 | USD | 612177 | &nbsp;&nbsp; (63518)<br>|
| BRL | &nbsp;&nbsp; 15100321 | GSBU | 04/02/26 | USD | 2879268 | &nbsp;&nbsp; (35936)<br>|
| BRL | &nbsp;&nbsp; 7587181 | GSBU | 04/02/26 | USD | 1441060 | &nbsp;&nbsp; (23689)<br>|
| BRL | &nbsp;&nbsp; 1400000 | GSBU | 04/02/26 | USD | 251130 | &nbsp;&nbsp; (19148)<br>|
| BRL | &nbsp;&nbsp; 1201460 | GSBU | 04/02/26 | USD | 230000 | &nbsp;&nbsp; (1949)<br>|
| BRL | &nbsp;&nbsp; 3400000 | GSBU | 07/02/26 | USD | 625539 | &nbsp;&nbsp; (17590)<br>|
| BRL | &nbsp;&nbsp; 4500000 | GSBU | 07/02/26 | USD | 836118 | &nbsp;&nbsp; (15083)<br>|
| BRL | &nbsp;&nbsp; 4300000 | GSBU | 07/02/26 | USD | 800351 | &nbsp;&nbsp; (13018)<br>|
| BRL | &nbsp;&nbsp; 3200000 | GSBU | 07/02/26 | USD | 596181 | &nbsp;&nbsp; (9118)<br>|
| BRL | &nbsp;&nbsp; 8200000 | JPMC | 04/02/26 | USD | 1571062 | &nbsp;&nbsp; (11996)<br>|
| BRL | &nbsp;&nbsp; 3400000 | JPMC | 07/02/26 | USD | 629793 | &nbsp;&nbsp; (13336)<br>|
| BRL | &nbsp;&nbsp; 1700000 | JPMC | 07/02/26 | USD | 312874 | &nbsp;&nbsp; (8691)<br>|
| BRL | &nbsp;&nbsp; 3500000 | JPMC | 10/02/26 | USD | 637296 | &nbsp;&nbsp; (10486)<br>|
| CAD | &nbsp;&nbsp; 85050 | BOA | 04/02/26 | USD | 61060 | &nbsp;&nbsp; (82)<br>|
| CAD | &nbsp;&nbsp; 69044017 | BOA | 04/02/26 | USD | 50501598 | &nbsp;&nbsp; 866693 |
| CAD | &nbsp;&nbsp; 73662542 | BBP | 05/04/26 | USD | 53190560 | &nbsp;&nbsp; 161088 |
| CAD | &nbsp;&nbsp; 55546 | CBNA | 04/02/26 | USD | 40614 | &nbsp;&nbsp; 682 |
| CAD | &nbsp;&nbsp; 5990000 | JPMC | 04/02/26 | USD | 4389462 | &nbsp;&nbsp; 83324 |
| CHF | &nbsp;&nbsp; 120000 | BNP | 04/02/26 | USD | 151511 | &nbsp;&nbsp; 1436 |
| CHF | &nbsp;&nbsp; 314000 | JPMC | 04/02/26 | USD | 402543 | &nbsp;&nbsp; 9847 |
| CHF | &nbsp;&nbsp; 6822932 | SG | 04/02/26 | USD | 8836931 | &nbsp;&nbsp; 303999 |
| CHF | &nbsp;&nbsp; 6337768 | SG | 05/04/26 | USD | 7934399 | &nbsp;&nbsp; (19837)<br>|
| CNH | &nbsp;&nbsp; 6005000 | BOA | 04/02/26 | USD | 870414 | &nbsp;&nbsp; (1436)<br>|
| CNH | &nbsp;&nbsp; 2069000 | BNP | 04/02/26 | USD | 300807 | &nbsp;&nbsp; 414 |
| CNH | &nbsp;&nbsp; 2069000 | CBNA | 04/02/26 | USD | 299798 | &nbsp;&nbsp; (595)<br>|
| CNH | &nbsp;&nbsp; 45686883 | DBAG | 04/02/26 | USD | 6668269 | &nbsp;&nbsp; 35109 |
| CNH | &nbsp;&nbsp; 22149726 | DBAG | 05/07/26 | USD | 3210594 | &nbsp;&nbsp; (13217)<br>|
| CNH | &nbsp;&nbsp; 4004000 | JPMC | 04/02/26 | USD | 579699 | &nbsp;&nbsp; (1632)<br>|
| CNH | &nbsp;&nbsp; 23305295 | JPMC | 05/07/26 | USD | 3376204 | &nbsp;&nbsp; (15796)<br>|
| DKK | &nbsp;&nbsp; 7104633 | CBNA | 04/07/26 | USD | 1124327 | &nbsp;&nbsp; 25424 |
| DKK | &nbsp;&nbsp; 7063420 | JPMC | 05/04/26 | USD | 1089651 | &nbsp;&nbsp; (4570)<br>|
| EUR | &nbsp;&nbsp; 6400000 | BBP | 04/02/26 | USD | 7431158 | &nbsp;&nbsp; 33717 |
| EUR | &nbsp;&nbsp; 799000 | BNP | 04/02/26 | USD | 917465 | &nbsp;&nbsp; (6059)<br>|
| EUR | &nbsp;&nbsp; 1435000 | JPMC | 04/02/26 | USD | 1671546 | &nbsp;&nbsp; 12901 |
| EUR | &nbsp;&nbsp; 1601000 | MSIP | 04/02/26 | USD | 1857271 | &nbsp;&nbsp; 6755 |
| EUR | &nbsp;&nbsp; 6280000 | SG | 04/02/26 | USD | 7430433 | &nbsp;&nbsp; 171694 |
| EUR | &nbsp;&nbsp; 143459448 | SG | 04/02/26 | USD | 169811227 | &nbsp;&nbsp; 3993593 |
| EUR | &nbsp;&nbsp; 153776448 | SG | 05/04/26 | USD | 177735587 | &nbsp;&nbsp; (277754)<br>|
| GBP | &nbsp;&nbsp; 5896000 | BOA | 04/02/26 | USD | 7907171 | &nbsp;&nbsp; 103223 |
| GBP | &nbsp;&nbsp; 19835000 | BBP | 04/02/26 | USD | 26826500 | &nbsp;&nbsp; 572885 |
| GBP | &nbsp;&nbsp; 400000 | JPMC | 04/02/26 | USD | 533968 | &nbsp;&nbsp; 4528 |
| GBP | &nbsp;&nbsp; 562000 | JPMC | 04/02/26 | USD | 751885 | &nbsp;&nbsp; 8022 |
| GBP | &nbsp;&nbsp; 24097000 | SG | 05/05/26 | USD | 31795052 | &nbsp;&nbsp; (98471)<br>|
| IDR | &nbsp;&nbsp; 17301737005 | BBP | 04/09/26 | USD | 1017707 | &nbsp;&nbsp; (243)<br>|
| IDR | &nbsp;&nbsp; 12259120948 | GSBU | 06/10/26 | USD | 727130 | &nbsp;&nbsp; 6861 |
| IDR | &nbsp;&nbsp; 179773864 | MSIP | 06/10/26 | USD | 10687 | &nbsp;&nbsp; 124 |

---

**BHFTI-274**

------

**Brighthouse Funds Trust I**

**PIMCO Total Return 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>|
| ILS | &nbsp;&nbsp; 3224621 | BOA | 06/10/26 | USD | 1046734 | &nbsp;&nbsp; $19002 |
| ILS | &nbsp;&nbsp; 2848327 | BOA | 06/17/26 | USD | 912494 | &nbsp;&nbsp; 4551 |
| ILS | &nbsp;&nbsp; 3081744 | BOA | 06/17/26 | USD | 1005832 | &nbsp;&nbsp; 23484 |
| ILS | &nbsp;&nbsp; 331039 | BBP | 06/10/26 | USD | 107579 | &nbsp;&nbsp; 2073 |
| ILS | &nbsp;&nbsp; 7269161 | BNP | 04/06/26 | USD | 2354218 | &nbsp;&nbsp; 41889 |
| ILS | &nbsp;&nbsp; 4350487 | BNP | 05/05/26 | USD | 1375061 | &nbsp;&nbsp; (10387)<br>|
| ILS | &nbsp;&nbsp; 2332000 | BNP | 06/10/26 | USD | 743988 | &nbsp;&nbsp; 747 |
| ILS | &nbsp;&nbsp; 12795000 | CBNA | 06/10/26 | USD | 4150744 | &nbsp;&nbsp; 72799 |
| ILS | &nbsp;&nbsp; 7347176 | DBAG | 04/06/26 | USD | 2369048 | &nbsp;&nbsp; 31903 |
| ILS | &nbsp;&nbsp; 7319299 | DBAG | 04/13/26 | USD | 2369031 | &nbsp;&nbsp; 39875 |
| ILS | &nbsp;&nbsp; 7867694 | GSBU | 04/13/26 | USD | 2530863 | &nbsp;&nbsp; 27196 |
| ILS | &nbsp;&nbsp; 1460000 | JPMC | 06/10/26 | USD | 471749 | &nbsp;&nbsp; 6427 |
| ILS | &nbsp;&nbsp; 3069371 | SG | 06/17/26 | USD | 991655 | &nbsp;&nbsp; 13251 |
| ILS | &nbsp;&nbsp; 3389653 | SG | 06/17/26 | USD | 1108418 | &nbsp;&nbsp; 27919 |
| ILS | &nbsp;&nbsp; 2900062 | UBSA | 06/10/26 | USD | 929239 | &nbsp;&nbsp; 4949 |
| ILS | &nbsp;&nbsp; 3265806 | UBSA | 06/10/26 | USD | 1065455 | &nbsp;&nbsp; 24597 |
| ILS | &nbsp;&nbsp; 3286972 | UBSA | 06/17/26 | USD | 1070905 | &nbsp;&nbsp; 23138 |
| INR | &nbsp;&nbsp; 182297366 | BOA | 04/07/26 | USD | 1941399 | &nbsp;&nbsp; 19622 |
| INR | &nbsp;&nbsp; 583203230 | BOA | 04/09/26 | USD | 6206270 | &nbsp;&nbsp; 59444 |
| INR | &nbsp;&nbsp; 97600804 | BNP | 05/06/26 | USD | 1032900 | &nbsp;&nbsp; 7075 |
| INR | &nbsp;&nbsp; 260249913 | BNP | 05/06/26 | USD | 2754200 | &nbsp;&nbsp; 18866 |
| INR | &nbsp;&nbsp; 292265266 | CBNA | 04/07/26 | USD | 3099971 | &nbsp;&nbsp; 18913 |
| INR | &nbsp;&nbsp; 289849989 | CBNA | 04/07/26 | USD | 3074679 | &nbsp;&nbsp; 19083 |
| INR | &nbsp;&nbsp; 145059246 | CBNA | 04/07/26 | USD | 1551104 | &nbsp;&nbsp; 21891 |
| INR | &nbsp;&nbsp; 147200532 | CBNA | 04/07/26 | USD | 1582291 | &nbsp;&nbsp; 30504 |
| INR | &nbsp;&nbsp; 139839989 | CBNA | 04/07/26 | USD | 1508522 | &nbsp;&nbsp; 34330 |
| INR | &nbsp;&nbsp; 189976497 | CBNA | 04/07/26 | USD | 2049590 | &nbsp;&nbsp; 46860 |
| INR | &nbsp;&nbsp; 187120542 | CBNA | 04/07/26 | USD | 2020522 | &nbsp;&nbsp; 47899 |
| INR | &nbsp;&nbsp; 340272793 | DBAG | 04/07/26 | USD | 3585744 | &nbsp;&nbsp; (1408)<br>|
| INR | &nbsp;&nbsp; 38664326 | DBAG | 04/07/26 | USD | 424892 | &nbsp;&nbsp; 17293 |
| INR | &nbsp;&nbsp; 176532494 | DBAG | 04/07/26 | USD | 1886434 | &nbsp;&nbsp; 25430 |
| INR | &nbsp;&nbsp; 19082988 | GSBU | 04/07/26 | USD | 209213 | &nbsp;&nbsp; 8041 |
| INR | &nbsp;&nbsp; 101101764 | GSBU | 05/06/26 | USD | 1070100 | &nbsp;&nbsp; 7479 |
| INR | &nbsp;&nbsp; 288458813 | JPMC | 04/07/26 | USD | 3068058 | &nbsp;&nbsp; 27128 |
| JPY | &nbsp;&nbsp; 112703062 | BOA | 04/02/26 | USD | 724796 | &nbsp;&nbsp; 14654 |
| JPY | &nbsp;&nbsp; 2450506152 | BOA | 05/07/26 | USD | 15405255 | &nbsp;&nbsp; (81499)<br>|
| JPY | &nbsp;&nbsp; 3527 | CBNA | 05/07/26 | USD | 22 | &nbsp;&nbsp; — |
| JPY | &nbsp;&nbsp; 1835060 | JPMC | 05/07/26 | USD | 11557 | &nbsp;&nbsp; (40)<br>|
| JPY | &nbsp;&nbsp; 1248725427 | MSIP | 04/02/26 | USD | 8023392 | &nbsp;&nbsp; 155175 |
| JPY | &nbsp;&nbsp; 1508128519 | SG | 04/02/26 | USD | 9692542 | &nbsp;&nbsp; 189826 |
| KRW | &nbsp;&nbsp; 552802544 | BOA | 04/15/26 | USD | 377747 | &nbsp;&nbsp; 16697 |
| KRW | &nbsp;&nbsp; 373683391 | BNP | 04/13/26 | USD | 245963 | &nbsp;&nbsp; 1914 |
| KRW | &nbsp;&nbsp; 766510009 | BNP | 04/27/26 | USD | 510000 | &nbsp;&nbsp; 9207 |
| KRW | &nbsp;&nbsp; 1071350719 | GSBU | 04/09/26 | USD | 720000 | &nbsp;&nbsp; 20388 |
| KRW | &nbsp;&nbsp; 1071768690 | JPMC | 04/15/26 | USD | 708425 | &nbsp;&nbsp; 8425 |
| KRW | &nbsp;&nbsp; 510350200 | JPMC | 04/27/26 | USD | 340000 | &nbsp;&nbsp; 6567 |
| MXN | &nbsp;&nbsp; 8993000 | BOA | 06/17/26 | USD | 499694 | &nbsp;&nbsp; 1019 |
| MXN | &nbsp;&nbsp; 8693000 | BOA | 06/17/26 | USD | 484629 | &nbsp;&nbsp; 2589 |
| MXN | &nbsp;&nbsp; 8914000 | BOA | 06/17/26 | USD | 497278 | &nbsp;&nbsp; 2984 |
| MXN | &nbsp;&nbsp; 13162000 | BOA | 06/17/26 | USD | 736488 | &nbsp;&nbsp; 6636 |
| MXN | &nbsp;&nbsp; 7269023 | JPMC | 06/17/26 | USD | 405174 | &nbsp;&nbsp; 2096 |
| MXN | &nbsp;&nbsp; 10924977 | JPMC | 06/17/26 | USD | 608651 | &nbsp;&nbsp; 2845 |
| MXN | &nbsp;&nbsp; 16127000 | JPMC | 06/17/26 | USD | 899317 | &nbsp;&nbsp; 5051 |
| NOK | &nbsp;&nbsp; 5204675 | BBP | 04/07/26 | USD | 543627 | &nbsp;&nbsp; 6115 |
| NOK | &nbsp;&nbsp; 3770000 | JPMC | 04/07/26 | USD | 386693 | &nbsp;&nbsp; (2653)<br>|
| NOK | &nbsp;&nbsp; 1555000 | MSIP | 04/07/26 | USD | 160041 | &nbsp;&nbsp; (552)<br>|
| NOK | &nbsp;&nbsp; 542110 | MSIP | 05/04/26 | USD | 55643 | &nbsp;&nbsp; (337)<br>|

---

**BHFTI-275**

------

**Brighthouse Funds Trust I**

**PIMCO Total Return 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>|
| NZD | &nbsp;&nbsp; 26720524 | SG | 04/02/26 | USD | 16036830 | &nbsp;&nbsp; $681884 |
| NZD | &nbsp;&nbsp; 6755000 | UBSA | 04/02/26 | USD | 3973176 | &nbsp;&nbsp; 91416 |
| NZD | &nbsp;&nbsp; 30747524 | UBSA | 05/04/26 | USD | 17572825 | &nbsp;&nbsp; (114777)<br>|
| PEN | &nbsp;&nbsp; 22018872 | BOA | 07/15/26 | USD | 6517737 | &nbsp;&nbsp; 223134 |
| PEN | &nbsp;&nbsp; 14176248 | CBNA | 04/10/26 | USD | 4088673 | &nbsp;&nbsp; 16059 |
| PEN | &nbsp;&nbsp; 12611975 | CBNA | 05/14/26 | USD | 3735000 | &nbsp;&nbsp; 118280 |
| PEN | &nbsp;&nbsp; 24571722 | CBNA | 05/26/26 | USD | 6890942 | &nbsp;&nbsp; (151127)<br>|
| PEN | &nbsp;&nbsp; 14916445 | CBNA | 07/24/26 | USD | 4351990 | &nbsp;&nbsp; 89674 |
| PEN | &nbsp;&nbsp; 6110656 | SG | 06/17/26 | USD | 1813682 | &nbsp;&nbsp; 64369 |
| PLN | &nbsp;&nbsp; 3243000 | BOA | 04/15/26 | USD | 869524 | &nbsp;&nbsp; (4066)<br>|
| PLN | &nbsp;&nbsp; 1632000 | BOA | 04/15/26 | USD | 441998 | &nbsp;&nbsp; 2375 |
| PLN | &nbsp;&nbsp; 3105000 | BOA | 04/15/26 | USD | 840056 | &nbsp;&nbsp; 3640 |
| PLN | &nbsp;&nbsp; 4706000 | BOA | 04/15/26 | USD | 1278560 | &nbsp;&nbsp; 10873 |
| PLN | &nbsp;&nbsp; 1836366 | BNP | 04/15/26 | USD | 493418 | &nbsp;&nbsp; (1257)<br>|
| PLN | &nbsp;&nbsp; 815000 | BNP | 04/15/26 | USD | 230279 | &nbsp;&nbsp; 10737 |
| PLN | &nbsp;&nbsp; 634000 | JPMC | 04/15/26 | USD | 170359 | &nbsp;&nbsp; (426)<br>|
| PLN | &nbsp;&nbsp; 3188000 | JPMC | 04/15/26 | USD | 860550 | &nbsp;&nbsp; 1777 |
| PLN | &nbsp;&nbsp; 2753000 | JPMC | 04/15/26 | USD | 769675 | &nbsp;&nbsp; 28081 |
| SEK | &nbsp;&nbsp; 2070000 | BNP | 04/02/26 | USD | 220777 | &nbsp;&nbsp; 2115 |
| SEK | &nbsp;&nbsp; 4790000 | JPMC | 04/02/26 | USD | 509613 | &nbsp;&nbsp; 3626 |
| SEK | &nbsp;&nbsp; 6245000 | JPMC | 04/02/26 | USD | 665475 | &nbsp;&nbsp; 5791 |
| SEK | &nbsp;&nbsp; 4760000 | JPMC | 04/02/26 | USD | 511510 | &nbsp;&nbsp; 8692 |
| SEK | &nbsp;&nbsp; 1670219 | SG | 05/04/26 | USD | 175087 | &nbsp;&nbsp; (1638)<br>|
| SGD | &nbsp;&nbsp; 22087 | BOA | 04/02/26 | USD | 17481 | &nbsp;&nbsp; 302 |
| SGD | &nbsp;&nbsp; 36294 | BOA | 04/02/26 | USD | 28744 | &nbsp;&nbsp; 515 |
| SGD | &nbsp;&nbsp; 8159000 | BOA | 04/02/26 | USD | 6383080 | &nbsp;&nbsp; 37121 |
| SGD | &nbsp;&nbsp; 108173 | BNP | 05/04/26 | USD | 84219 | &nbsp;&nbsp; (109)<br>|
| SGD | &nbsp;&nbsp; 78837 | BNP | 05/04/26 | USD | 61769 | &nbsp;&nbsp; 310 |
| SGD | &nbsp;&nbsp; 60416954 | DBAG | 05/04/26 | USD | 47402949 | &nbsp;&nbsp; 303577 |
| SGD | &nbsp;&nbsp; 52662226 | JPMC | 04/02/26 | USD | 41787425 | &nbsp;&nbsp; 827461 |
| SGD | &nbsp;&nbsp; 139403 | JPMC | 05/04/26 | USD | 108307 | &nbsp;&nbsp; (368)<br>|
| THB | &nbsp;&nbsp; 25105669 | BNP | 04/09/26 | USD | 790000 | &nbsp;&nbsp; 28368 |
| THB | &nbsp;&nbsp; 10056231 | BNP | 04/16/26 | USD | 312142 | &nbsp;&nbsp; 6899 |
| THB | &nbsp;&nbsp; 20573073 | BNP | 04/16/26 | USD | 637727 | &nbsp;&nbsp; 13259 |
| THB | &nbsp;&nbsp; 30287416 | BNP | 04/16/26 | USD | 940133 | &nbsp;&nbsp; 20799 |
| THB | &nbsp;&nbsp; 20702617 | BNP | 04/16/26 | USD | 649392 | &nbsp;&nbsp; 20992 |
| THB | &nbsp;&nbsp; 33089079 | BNP | 04/16/26 | USD | 1038609 | &nbsp;&nbsp; 34234 |
| THB | &nbsp;&nbsp; 20411352 | BNP | 04/17/26 | USD | 630000 | &nbsp;&nbsp; 10392 |
| THB | &nbsp;&nbsp; 25119577 | BNP | 04/20/26 | USD | 765000 | &nbsp;&nbsp; 2290 |
| THB | &nbsp;&nbsp; 14908512 | BNP | 04/20/26 | USD | 455988 | &nbsp;&nbsp; 3318 |
| THB | &nbsp;&nbsp; 14653801 | BNP | 04/20/26 | USD | 453387 | &nbsp;&nbsp; 8451 |
| THB | &nbsp;&nbsp; 25015889 | BNP | 04/23/26 | USD | 760000 | &nbsp;&nbsp; 260 |
| THB | &nbsp;&nbsp; 64013 | CBNA | 04/20/26 | USD | 2057 | &nbsp;&nbsp; 114 |
| THB | &nbsp;&nbsp; 38001414 | CBNA | 04/20/26 | USD | 1209850 | &nbsp;&nbsp; 56008 |
| THB | &nbsp;&nbsp; 20429661 | DBAG | 06/17/26 | USD | 626794 | &nbsp;&nbsp; 3511 |
| THB | &nbsp;&nbsp; 40281319 | DBAG | 06/17/26 | USD | 1235828 | &nbsp;&nbsp; 6896 |
| THB | &nbsp;&nbsp; 25105669 | GSBU | 04/20/26 | USD | 771059 | &nbsp;&nbsp; 8771 |
| THB | &nbsp;&nbsp; 12478453 | GSBU | 04/20/26 | USD | 397375 | &nbsp;&nbsp; 18490 |
| THB | &nbsp;&nbsp; 6722999 | GSBU | 06/17/26 | USD | 205057 | &nbsp;&nbsp; (53)<br>|
| THB | &nbsp;&nbsp; 39669190 | GSBU | 06/17/26 | USD | 1211199 | &nbsp;&nbsp; 942 |
| TRY | &nbsp;&nbsp; 16742223 | BBP | 04/01/26 | USD | 374094 | &nbsp;&nbsp; (2640)<br>|
| TRY | &nbsp;&nbsp; 52420698 | BBP | 04/02/26 | USD | 1161832 | &nbsp;&nbsp; (17738)<br>|
| TRY | &nbsp;&nbsp; 31899235 | BBP | 04/03/26 | USD | 703572 | &nbsp;&nbsp; (13449)<br>|
| TRY | &nbsp;&nbsp; 113877765 | BBP | 04/09/26 | USD | 2526844 | &nbsp;&nbsp; (16359)<br>|
| TRY | &nbsp;&nbsp; 31350980 | BBP | 04/09/26 | USD | 685882 | &nbsp;&nbsp; (14271)<br>|
| TRY | &nbsp;&nbsp; 31518975 | BBP | 04/13/26 | USD | 685881 | &nbsp;&nbsp; (14277)<br>|
| TRY | &nbsp;&nbsp; 53019041 | BBP | 04/14/26 | USD | 1161832 | &nbsp;&nbsp; (14361)<br>|

---

**BHFTI-276**

------

**Brighthouse Funds Trust I**

**PIMCO Total Return 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>|
| TRY | &nbsp;&nbsp; 53135225 | BBP | 04/16/26 | USD | 1161832 | &nbsp;&nbsp; $(13813)<br>|
| TRY | &nbsp;&nbsp; 23744440 | BBP | 04/17/26 | USD | 514411 | &nbsp;&nbsp; (10252)<br>|
| TRY | &nbsp;&nbsp; 63552362 | BBP | 04/20/26 | USD | 1371762 | &nbsp;&nbsp; (26952)<br>|
| TRY | &nbsp;&nbsp; 42520192 | BBP | 04/20/26 | USD | 929200 | &nbsp;&nbsp; (6620)<br>|
| TRY | &nbsp;&nbsp; 23549881 | BBP | 04/20/26 | USD | 514639 | &nbsp;&nbsp; (3667)<br>|
| TRY | &nbsp;&nbsp; 23511352 | BBP | 04/20/26 | USD | 513898 | &nbsp;&nbsp; (3559)<br>|
| TRY | &nbsp;&nbsp; 42904881 | BBP | 04/21/26 | USD | 929200 | &nbsp;&nbsp; (13843)<br>|
| TRY | &nbsp;&nbsp; 23941006 | BBP | 04/22/26 | USD | 514639 | &nbsp;&nbsp; (10889)<br>|
| TRY | &nbsp;&nbsp; 15969862 | BBP | 04/24/26 | USD | 342407 | &nbsp;&nbsp; (7227)<br>|
| TRY | &nbsp;&nbsp; 54041454 | BBP | 04/28/26 | USD | 1161832 | &nbsp;&nbsp; (15143)<br>|
| TRY | &nbsp;&nbsp; 16091015 | BBP | 04/29/26 | USD | 343092 | &nbsp;&nbsp; (6899)<br>|
| TRY | &nbsp;&nbsp; 8266274 | BBP | 04/29/26 | USD | 178627 | &nbsp;&nbsp; (1170)<br>|
| TRY | &nbsp;&nbsp; 58069615 | BBP | 04/30/26 | USD | 1246022 | &nbsp;&nbsp; (15391)<br>|
| TRY | &nbsp;&nbsp; 24160382 | BBP | 04/30/26 | USD | 514379 | &nbsp;&nbsp; (10443)<br>|
| TRY | &nbsp;&nbsp; 65168133 | BBP | 05/04/26 | USD | 1394448 | &nbsp;&nbsp; (13831)<br>|
| TRY | &nbsp;&nbsp; 43352459 | BBP | 05/05/26 | USD | 929632 | &nbsp;&nbsp; (6230)<br>|
| TRY | &nbsp;&nbsp; 54027888 | BBP | 05/06/26 | USD | 1162040 | &nbsp;&nbsp; (3055)<br>|
| TRY | &nbsp;&nbsp; 32873071 | BBP | 05/06/26 | USD | 707983 | &nbsp;&nbsp; (915)<br>|
| TWD | &nbsp;&nbsp; 105657750 | BNP | 05/04/26 | USD | 3282001 | &nbsp;&nbsp; (30362)<br>|
| TWD | &nbsp;&nbsp; 7784002 | CBNA | 04/13/26 | USD | 244120 | &nbsp;&nbsp; 442 |
| TWD | &nbsp;&nbsp; 105854865 | DBAG | 06/17/26 | USD | 3325841 | &nbsp;&nbsp; (2457)<br>|
| ZAR | &nbsp;&nbsp; 21415328 | BOA | 04/20/26 | USD | 1256647 | &nbsp;&nbsp; (7242)<br>|
| ZAR | &nbsp;&nbsp; 19174000 | BOA | 04/20/26 | USD | 1128468 | &nbsp;&nbsp; (3142)<br>|
| ZAR | &nbsp;&nbsp; 24543000 | BOA | 04/20/26 | USD | 1449117 | &nbsp;&nbsp; 640 |
| ZAR | &nbsp;&nbsp; 49482545 | BBP | 04/20/26 | USD | 3023746 | &nbsp;&nbsp; 103388 |
| ZAR | &nbsp;&nbsp; 1696000 | CBNA | 04/20/26 | USD | 99676 | &nbsp;&nbsp; (418)<br>|
| ZAR | &nbsp;&nbsp; 33708000 | CBNA | 04/20/26 | USD | 1990375 | &nbsp;&nbsp; 998 |
| ZAR | &nbsp;&nbsp; 3755000 | JPMC | 04/20/26 | USD | 224006 | &nbsp;&nbsp; 2394 |
| ZAR | &nbsp;&nbsp; 140765582 | JPMC | 04/20/26 | USD | 8429869 | &nbsp;&nbsp; 122174 |
| Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | Net Unrealized Appreciation | &nbsp;&nbsp; $9444668 |

---

**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 Index Futures | &nbsp;&nbsp;&nbsp; 06/15/27 | &nbsp;&nbsp;&nbsp; 104 | GBP | 24866400 | &nbsp;&nbsp;&nbsp; $48051 |
| Australian 10 Year Treasury Bond Futures | &nbsp;&nbsp;&nbsp; 06/15/26 | &nbsp;&nbsp;&nbsp; 464 | AUD | 49997754 | &nbsp;&nbsp;&nbsp; (181717)<br>|
| Canada Government Bond 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; 310 | CAD | 37203100 | &nbsp;&nbsp;&nbsp; (457425)<br>|
| U.K. Long Gilt Bond Futures | &nbsp;&nbsp;&nbsp; 06/26/26 | &nbsp;&nbsp;&nbsp; 573 | GBP | 50303670 | &nbsp;&nbsp;&nbsp; (3298781)<br>|
| U.S. Treasury Note 2 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; 324 | USD | 67212281 | &nbsp;&nbsp;&nbsp; (348585)<br>|
| U.S. Treasury Note 5 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; 3406 | USD | 368460017 | &nbsp;&nbsp;&nbsp; (4570536)<br>|
| U.S. Treasury Note 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 2908 | USD | 322924313 | &nbsp;&nbsp;&nbsp; (5209565)<br>|
| U.S. Treasury Ultra Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 208 | USD | 24245000 | &nbsp;&nbsp;&nbsp; (757868)<br>|

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Short** |  |  |  |  |  |
| Euro-Bund Futures | &nbsp;&nbsp;&nbsp; 06/08/26 | &nbsp;&nbsp;&nbsp; (61)<br>| EUR | (7648790)<br>| &nbsp;&nbsp;&nbsp; 236441 |
| Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | &nbsp;&nbsp;&nbsp; $(14539985)<br>|

---

**BHFTI-277**

------

**Brighthouse Funds Trust I**

**PIMCO Total Return Portfolio**

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

**Purchased Options** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Interest Rate Swaptions** | **Strike** <br>**Rate**<br>| **Floating** <br>**Rate Index**<br>| **Pay/Receive** <br>**Floating** <br> **Rate**<br>| **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 - OTC - 1 Yr. IRS | 3.500<br> %<br>| 12M SOFR | Pay | 07/13/26<br> CBNA | 124900000 | USD | 124900000 | $274780 | $171403 | $(103377)<br>|
| Call - OTC - 1 Yr. IRS | 3.500<br> %<br>| 12M SOFR | Pay | 07/20/26<br> DBAG | 130000000 | USD | 130000000 | 255667 | 188309 | (67358)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | $530447 | $359712 | $(170735)<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>|
| KRW Call/USD Put | KRW | 1350.000 | 07/09/26 | BOA | (2896354)<br>| USD | (2896354)<br>| $(10384)<br>| $(1570)<br>| $8814 |
| KRW Call/USD Put | KRW | 1350.000 | 07/13/26 | BOA | (20048645)<br>| USD | (20048645)<br>| (43766)<br>| (11668)<br>| 32098 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | $(54150)<br>| $(13238)<br>| $40912 |

---

&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 - 1 Yr. IRS | 3.000% | 12M SOFR | Receive | 07/13/26 | CBNA | (124900000)<br>| USD | (124900000)<br>| $(107414)<br>| $(56123)<br>| $51291 |
| Call - OTC - 1 Yr. IRS | 3.080% | 12M SOFR | Receive | 07/20/26 | DBAG | (130000000)<br>| USD | (130000000)<br>| (99667)<br>| (75806)<br>| 23861 |
| Call - OTC - 1 Yr. IRS | 3.250% | 12M SOFR | Receive | 07/13/26 | CBNA | (124900000)<br>| USD | (124900000)<br>| (137390)<br>| (97320)<br>| 40070 |
| Call - OTC - 1 Yr. IRS | 3.290% | 12M SOFR | Receive | 07/20/26 | DBAG | (130000000)<br>| USD | (130000000)<br>| (156000)<br>| (118981)<br>| 37019 |
| Call - OTC - 10 Yr. IRS | 3.600% | 12M SOFR | Receive | 04/16/26 | GSBU | (2300000)<br>| USD | (2300000)<br>| (7417)<br>| (1448)<br>| 5969 |
| Call - OTC - 10 Yr. IRS | 3.620% | 12M SOFR | Receive | 04/20/26 | BOA | (2200000)<br>| USD | (2200000)<br>| (7260)<br>| (2527)<br>| 4733 |
| Call - OTC - 10 Yr. IRS | 3.669% | 12M SOFR | Receive | 04/30/26 | GSBU | (2200000)<br>| USD | (2200000)<br>| (7925)<br>| (6333)<br>| 1592 |
| Call - OTC - 10 Yr. IRS | 3.695% | 12M SOFR | Receive | 04/27/26 | GSBU | (4200000)<br>| USD | (4200000)<br>| (14805)<br>| (12818)<br>| 1987 |
| Call - OTC - 5 Yr. IRS | 2.540% | 6M EURIBOR | Receive | 04/16/26 | MSCS | (1700000)<br>| EUR | (1700000)<br>| (3495)<br>| (207)<br>| 3288 |
| Put - OTC - 10 Yr. IRS | 3.900% | 12M SOFR | Pay | 04/16/26 | GSBU | (2300000)<br>| USD | (2300000)<br>| (7418)<br>| (10261)<br>| (2843)<br>|
| Put - OTC - 10 Yr. IRS | 3.900% | 12M SOFR | Pay | 04/20/26 | BOA | (2200000)<br>| USD | (2200000)<br>| (7260)<br>| (11493)<br>| (4233)<br>|
| Put - OTC - 10 Yr. IRS | 4.055% | 12M SOFR | Pay | 04/27/26 | GSBU | (4200000)<br>| USD | (4200000)<br>| (14805)<br>| (10736)<br>| 4069 |
| Put - OTC - 10 Yr. IRS | 4.069% | 12M SOFR | Pay | 04/30/26 | GSBU | (2200000)<br>| USD | (2200000)<br>| (7925)<br>| (5956)<br>| 1969 |
| Put - OTC - 5 Yr. IRS | 2.920% | 6M EURIBOR | Pay | 04/16/26 | MSCS | (1700000)<br>| EUR | (1700000)<br>| (3496)<br>| (6022)<br>| (2526)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | $(582277)<br>| $(416031)<br>| $166246 |

---

&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>|
| Put - OTC - 5 Yr. CDS | 1.050% | ITRX.EUR.45.V1 | Sell | 05/20/26 | BOA | (4600000)<br>| EUR | (4600000)<br>| $(7948)<br>| $(5382)<br>| $2566 |
| Put - OTC - 5 Yr. CDS | 0.850% | CDX.NA.IG.45.V1 | Sell | 05/20/26 | GSI | (9800000)<br>| USD | (9800000)<br>| (11514)<br>| (7963)<br>| 3551 |
| Put - OTC - 5 Yr. CDS | 0.800% | CDX.NA.IG.45.V1 | Sell | 06/17/26 | GSI | (4600000)<br>| USD | (4600000)<br>| (5060)<br>| (6269)<br>| (1209)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | $(24522)<br>| $(19614)<br>| $4908 |

---

&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>|
| Call - Euro-Bund Futures | EUR | 128.000 | 04/24/26 | &nbsp;&nbsp; (21)<br>| EUR | (21000)<br>| &nbsp;&nbsp; $(7444)<br>| &nbsp;&nbsp; $(2670)<br>| &nbsp;&nbsp; $4774 |
| Call - U.S. Treasury Note 10 Year Futures | USD | 113.000 | 04/24/26 | &nbsp;&nbsp; (44)<br>| USD | (44000)<br>| &nbsp;&nbsp; (10261)<br>| &nbsp;&nbsp; (6188)<br>| &nbsp;&nbsp; 4073 |
| Put - Euro-Bund Futures | EUR | 125.500 | 04/24/26 | &nbsp;&nbsp; (21)<br>| EUR | (21000)<br>| &nbsp;&nbsp; (8453)<br>| &nbsp;&nbsp; (22088)<br>| &nbsp;&nbsp; (13635)<br>|
| Put- U.S. Treasury Note 10 Year Futures | USD | 110.000 | 04/24/26 | &nbsp;&nbsp; (44)<br>| USD | (44000)<br>| &nbsp;&nbsp; (15072)<br>| &nbsp;&nbsp; (15812)<br>| &nbsp;&nbsp; (740)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $(41230)<br>| &nbsp;&nbsp; $(46758)<br>| &nbsp;&nbsp; $(5528)<br>|

---

**BHFTI-278**

------

**Brighthouse Funds Trust I**

**PIMCO Total Return Portfolio**

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

**Written Options — (Continued)**

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

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **OTC Options on Securities** | **Counterparty** | **Strike** <br>**Price** | **Strike** <br>**Price** | **Expiration** <br>**Date**<br>| **Number** <br> **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 - Uniform Mortgage-Backed Securities, 4.500%, TBA | &nbsp;&nbsp; GSC | &nbsp;&nbsp; USD | 97.375 | &nbsp;&nbsp; 06/04/26 | &nbsp;&nbsp; (2600000)<br>| &nbsp;&nbsp; USD | (2600000)<br>| &nbsp;&nbsp; $(15031)<br>| &nbsp;&nbsp; $(12552)<br>| &nbsp;&nbsp; $2479 |
| Put - Uniform Mortgage-Backed Securities, 4.500%, TBA | &nbsp;&nbsp; GSC | &nbsp;&nbsp; USD | 94.375 | &nbsp;&nbsp; 06/04/26 | &nbsp;&nbsp; (2600000)<br>| &nbsp;&nbsp; USD | (2600000)<br>| &nbsp;&nbsp; (17063)<br>| &nbsp;&nbsp; (9844)<br>| &nbsp;&nbsp; 7219 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $(32094)<br>| &nbsp;&nbsp; $(22396)<br>| &nbsp;&nbsp; $9698 |

---

**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 | 1-Day CDI | Maturity | 11.496<br> %<br>| Maturity | 01/04/27 | BRL | 22200000 | &nbsp;&nbsp; $(181852)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(181852)<br>|
| Pay | 1-Day CDI | Maturity | 11.528<br> %<br>| Maturity | 01/04/27 | BRL | 23900000 | &nbsp;&nbsp; (192882)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (192882)<br>|
| Pay | 1-Day CDI | Maturity | 11.548<br> %<br>| Maturity | 01/04/27 | BRL | 190300000 | &nbsp;&nbsp; (1515276)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1515276)<br>|
| Pay | 1-Day CDI | Maturity | 13.291<br> %<br>| Maturity | 01/02/29 | BRL | 71500000 | &nbsp;&nbsp; (333637)<br>| &nbsp;&nbsp; (885)<br>| &nbsp;&nbsp; (332752)<br>|
| Pay | 1-Day CDI | Maturity | 13.320<br> %<br>| Maturity | 01/02/29 | BRL | 7500000 | &nbsp;&nbsp; (33475)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (33475)<br>|
| Pay | 1-Day CDI | Maturity | 13.354<br> %<br>| Maturity | 01/02/29 | BRL | 10300000 | &nbsp;&nbsp; (27467)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (27467)<br>|
| Pay | 1-Day CDI | Maturity | 13.400<br> %<br>| Maturity | 01/02/29 | BRL | 95500000 | &nbsp;&nbsp; (207826)<br>| &nbsp;&nbsp; (2302)<br>| &nbsp;&nbsp; (205524)<br>|
| Pay | 1-Day CDI | Maturity | 13.657<br> %<br>| Maturity | 01/02/31 | BRL | 53100000 | &nbsp;&nbsp; (1553)<br>| &nbsp;&nbsp; (20428)<br>| &nbsp;&nbsp; 18875 |
| Pay | 1-Day CDI | Maturity | 13.681<br> %<br>| Maturity | 01/02/31 | BRL | 14900000 | &nbsp;&nbsp; 2665 | &nbsp;&nbsp; (11797)<br>| &nbsp;&nbsp; 14462 |
| Pay | 1-Day CDI | Maturity | 13.725<br> %<br>| Maturity | 01/02/31 | BRL | 500000 | &nbsp;&nbsp; 279 | &nbsp;&nbsp; — | &nbsp;&nbsp; 279 |
| Pay | 1-Day CDI | Maturity | 13.899<br> %<br>| Maturity | 01/02/31 | BRL | 4200000 | &nbsp;&nbsp; 4692 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4692 |
| Pay | 1-Day CDI | Maturity | 13.926<br> %<br>| Maturity | 01/04/27 | BRL | 13400000 | &nbsp;&nbsp; (24098)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (24098)<br>|
| Pay | 1-Day CDI | Maturity | 13.927<br> %<br>| Maturity | 01/04/27 | BRL | 129800000 | &nbsp;&nbsp; (232773)<br>| &nbsp;&nbsp; 1167 | &nbsp;&nbsp; (233940)<br>|
| Pay | 1-Day CDI | Maturity | 14.009<br> %<br>| Maturity | 01/04/27 | BRL | 8600000 | &nbsp;&nbsp; (10562)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (10562)<br>|
| Pay | 1-Day CDI | Maturity | 14.067<br> %<br>| Maturity | 01/02/31 | BRL | 32100000 | &nbsp;&nbsp; 60908 | &nbsp;&nbsp; — | &nbsp;&nbsp; 60908 |
| Pay | 3M NZDBB | Semi-Annually | 3.750<br> %<br>| Semi-Annually | 06/15/27 | NZD | 41800000 | &nbsp;&nbsp; 197551 | &nbsp;&nbsp; (170581)<br>| &nbsp;&nbsp; 368132 |
| Pay | 3M NZDBB | Semi-Annually | 4.250<br> %<br>| Semi-Annually | 12/21/27 | NZD | 2900000 | &nbsp;&nbsp; 24950 | &nbsp;&nbsp; 692 | &nbsp;&nbsp; 24258 |
| Pay | 6M BBSW | Semi-Annually | 4.000<br> %<br>| Semi-Annually | 03/19/35 | AUD | 13400000 | &nbsp;&nbsp; (687495)<br>| &nbsp;&nbsp; (13063)<br>| &nbsp;&nbsp; (674432)<br>|
| Pay | 6M BBSW | Semi-Annually | 4.500<br> %<br>| Semi-Annually | 03/20/34 | AUD | 11800000 | &nbsp;&nbsp; (266538)<br>| &nbsp;&nbsp; (257002)<br>| &nbsp;&nbsp; (9536)<br>|
| Pay | 6M BBSW | Semi-Annually | 4.500<br> %<br>| Semi-Annually | 09/18/34 | AUD | 21100000 | &nbsp;&nbsp; (512113)<br>| &nbsp;&nbsp; 81641 | &nbsp;&nbsp; (593754)<br>|
| Pay | 6M BBSW | Semi-Annually | 4.500<br> %<br>| Semi-Annually | 09/20/33 | AUD | 22600000 | &nbsp;&nbsp; (468619)<br>| &nbsp;&nbsp; (206202)<br>| &nbsp;&nbsp; (262417)<br>|
| Pay | 6M EURIBOR | Annually | 0.650<br> %<br>| Annually | 04/12/27 | EUR | 27000000 | &nbsp;&nbsp; (650577)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (650577)<br>|
| Pay | 6M EURIBOR | Annually | 1.000<br> %<br>| Annually | 05/13/27 | EUR | 23700000 | &nbsp;&nbsp; (514687)<br>| &nbsp;&nbsp; 1 | &nbsp;&nbsp; (514688)<br>|
| Pay | 6M EURIBOR | Annually | 1.000<br> %<br>| Annually | 05/18/27 | EUR | 9200000 | &nbsp;&nbsp; (202667)<br>| &nbsp;&nbsp; (84691)<br>| &nbsp;&nbsp; (117976)<br>|
| Pay | 6M EURIBOR | Annually | 2.460<br> %<br>| Annually | 03/13/35 | EUR | 1800000 | &nbsp;&nbsp; (89209)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (89209)<br>|
| Pay | 6M EURIBOR | Annually | 2.610<br> %<br>| Annually | 03/24/35 | EUR | 1200000 | &nbsp;&nbsp; (44921)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (44921)<br>|
| Pay | 6M EURIBOR | Annually | 2.750<br> %<br>| Annually | 09/16/36 | EUR | 36030000 | &nbsp;&nbsp; (1278012)<br>| &nbsp;&nbsp; (279325)<br>| &nbsp;&nbsp; (998687)<br>|
| Receive | 12M ESTR | Annually | 2.050<br> %<br>| Annually | 10/05/29 | EUR | 3000000 | &nbsp;&nbsp; 61408 | &nbsp;&nbsp; — | &nbsp;&nbsp; 61408 |
| Receive | 12M ESTR | Annually | 2.056<br> %<br>| Annually | 10/05/29 | EUR | 4300000 | &nbsp;&nbsp; 86965 | &nbsp;&nbsp; — | &nbsp;&nbsp; 86965 |
| Receive | 12M SOFR | Annually | 1.750<br> %<br>| Annually | 06/15/32 | USD | 57000000 | &nbsp;&nbsp; 6095312 | &nbsp;&nbsp; 5458090 | &nbsp;&nbsp; 637222 |
| Receive | 12M SOFR | Annually | 1.750<br> %<br>| Annually | 12/21/52 | USD | 62900000 | &nbsp;&nbsp; 24452522 | &nbsp;&nbsp; 10462358 | &nbsp;&nbsp; 13990164 |
| Receive | 12M SOFR | Annually | 3.250<br> %<br>| Annually | 06/18/30 | USD | 45500000 | &nbsp;&nbsp; 602877 | &nbsp;&nbsp; 548734 | &nbsp;&nbsp; 54143 |
| Receive | 12M SOFR | Annually | 3.250<br> %<br>| Annually | 06/18/55 | USD | 25400000 | &nbsp;&nbsp; 3746980 | &nbsp;&nbsp; 2306797 | &nbsp;&nbsp; 1440183 |
| Receive | 12M SOFR | Annually | 3.500<br> %<br>| Annually | 03/18/31 | USD | 6600000 | &nbsp;&nbsp; 36141 | &nbsp;&nbsp; (47302)<br>| &nbsp;&nbsp; 83443 |
| Receive | 12M SOFR | Annually | 3.500<br> %<br>| Annually | 03/18/31 | USD | 15900000 | &nbsp;&nbsp; 80752 | &nbsp;&nbsp; (20804)<br>| &nbsp;&nbsp; 101556 |
| Receive | 12M SOFR | Annually | 3.500<br> %<br>| Annually | 06/20/54 | USD | 63100000 | &nbsp;&nbsp; 6598955 | &nbsp;&nbsp; 1679964 | &nbsp;&nbsp; 4918991 |
| Receive | 12M SOFR | Annually | 3.500<br> %<br>| Annually | 12/18/54 | USD | 2810000 | &nbsp;&nbsp; 294621 | &nbsp;&nbsp; 68477 | &nbsp;&nbsp; 226144 |
| Receive | 12M SOFR | Annually | 3.551<br> %<br>| Annually | 09/17/35 | USD | 2500000 | &nbsp;&nbsp; 55073 | &nbsp;&nbsp; — | &nbsp;&nbsp; 55073 |
| Receive | 12M SOFR | Annually | 3.585<br> %<br>| Annually | 10/31/30 | USD | 58300000 | &nbsp;&nbsp; 41090 | &nbsp;&nbsp; — | &nbsp;&nbsp; 41090 |
| Receive | 12M SOFR | Annually | 3.640<br> %<br>| Annually | 08/15/35 | USD | 4400000 | &nbsp;&nbsp; 62424 | &nbsp;&nbsp; 8790 | &nbsp;&nbsp; 53634 |
| Receive | 12M SOFR | Annually | 3.655<br> %<br>| Annually | 05/31/28 | USD | 63500000 | &nbsp;&nbsp; (57256)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (57256)<br>|
| Receive | 12M SOFR | Annually | 3.667<br> %<br>| Annually | 05/31/28 | USD | 23000000 | &nbsp;&nbsp; (26250)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (26250)<br>|
| Receive | 12M SOFR | Annually | 3.694<br> %<br>| Annually | 04/30/31 | USD | 27750000 | &nbsp;&nbsp; (86197)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (86197)<br>|
| Receive | 12M SOFR | Annually | 3.700<br> %<br>| Annually | 08/15/35 | USD | 4200000 | &nbsp;&nbsp; 39702 | &nbsp;&nbsp; (3694)<br>| &nbsp;&nbsp; 43396 |
| Receive | 12M SOFR | Annually | 3.715<br> %<br>| Annually | 08/15/35 | USD | 7270000 | &nbsp;&nbsp; 60118 | &nbsp;&nbsp; 18498 | &nbsp;&nbsp; 41620 |

---

**BHFTI-279**

------

**Brighthouse Funds Trust I**

**PIMCO Total Return 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 | 12M SOFR | Annually | 3.717<br> %<br>| Annually | 08/15/33 | USD | 20800000 | &nbsp;&nbsp; $20858 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $20858 |
| Receive | 12M SOFR | Annually | 3.722<br> %<br>| Annually | 10/31/30 | USD | 3200000 | &nbsp;&nbsp; (16124)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (16124)<br>|
| Receive | 12M SOFR | Annually | 3.727<br> %<br>| Annually | 10/31/30 | USD | 7300000 | &nbsp;&nbsp; (38299)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (38299)<br>|
| Receive | 12M SOFR | Annually | 3.732<br> %<br>| Annually | 10/31/30 | USD | 5400000 | &nbsp;&nbsp; (29448)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (29448)<br>|
| Receive | 12M SOFR | Annually | 3.739<br> %<br>| Annually | 10/31/30 | USD | 8000000 | &nbsp;&nbsp; (46109)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (46109)<br>|
| Receive | 12M SOFR | Annually | 3.748<br> %<br>| Annually | 03/03/36 | USD | 2300000 | &nbsp;&nbsp; 18964 | &nbsp;&nbsp; — | &nbsp;&nbsp; 18964 |
| Receive | 12M SOFR | Annually | 3.750<br> %<br>| Annually | 05/15/32 | USD | 67167000 | &nbsp;&nbsp; (305679)<br>| &nbsp;&nbsp; (66259)<br>| &nbsp;&nbsp; (239420)<br>|
| Receive | 12M SOFR | Annually | 3.750<br> %<br>| Annually | 12/18/29 | USD | 60700000 | &nbsp;&nbsp; (351207)<br>| &nbsp;&nbsp; (836141)<br>| &nbsp;&nbsp; 484934 |
| Receive | 12M SOFR | Annually | 3.753<br> %<br>| Annually | 08/15/33 | USD | 11300000 | &nbsp;&nbsp; (14834)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (14834)<br>|
| Receive | 12M SOFR | Annually | 3.763<br> %<br>| Annually | 08/15/33 | USD | 13400000 | &nbsp;&nbsp; (26325)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (26325)<br>|
| Receive | 12M SOFR | Annually | 3.775<br> %<br>| Annually | 03/03/36 | USD | 2300000 | &nbsp;&nbsp; 13834 | &nbsp;&nbsp; — | &nbsp;&nbsp; 13834 |
| Receive | 12M SOFR | Annually | 3.899<br> %<br>| Annually | 03/11/35 | USD | 580000 | &nbsp;&nbsp; (4231)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (4231)<br>|
| Receive | 12M SOFR | Annually | 3.930<br> %<br>| Annually | 03/24/35 | USD | 5700000 | &nbsp;&nbsp; (54547)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (54547)<br>|
| Receive | 12M SOFR | Annually | 4.000<br> %<br>| Annually | 03/18/36 | USD | 5900000 | &nbsp;&nbsp; (73674)<br>| &nbsp;&nbsp; (174213)<br>| &nbsp;&nbsp; 100539 |
| Receive | 12M SOFR | Annually | 4.000<br> %<br>| Annually | 06/17/56 | USD | 21000000 | &nbsp;&nbsp; 401459 | &nbsp;&nbsp; 344127 | &nbsp;&nbsp; 57332 |
| Receive | 12M SOFR | Annually | 4.083<br> %<br>| Annually | 11/15/53 | USD | 1400000 | &nbsp;&nbsp; 11748 | &nbsp;&nbsp; — | &nbsp;&nbsp; 11748 |
| Receive | 12M SOFR | Annually | 4.095<br> %<br>| Annually | 02/18/35 | USD | 4430000 | &nbsp;&nbsp; (98349)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (98349)<br>|
| Receive | 12M SONIA | Annually | 4.000<br> %<br>| Annually | 09/16/36 | GBP | 33200000 | &nbsp;&nbsp; 1696082 | &nbsp;&nbsp; 1085151 | &nbsp;&nbsp; 610931 |
| Receive | 12M SONIA | Annually | 4.500<br> %<br>| Annually | 09/16/56 | GBP | 3690000 | &nbsp;&nbsp; 245712 | &nbsp;&nbsp; 180792 | &nbsp;&nbsp; 64920 |
| Receive | 12M TONA | Annually | 1.250<br> %<br>| Annually | 06/18/32 | JPY | 7670000000 | &nbsp;&nbsp; 1701393 | &nbsp;&nbsp; 1290336 | &nbsp;&nbsp; 411057 |
| Receive | 1-Day CDI | Maturity | 13.000<br> %<br>| Maturity | 01/02/29 | BRL | 31700000 | &nbsp;&nbsp; 117358 | &nbsp;&nbsp; — | &nbsp;&nbsp; 117358 |
| Receive | 1-Day CDI | Maturity | 13.017<br> %<br>| Maturity | 01/02/29 | BRL | 130500000 | &nbsp;&nbsp; 475065 | &nbsp;&nbsp; — | &nbsp;&nbsp; 475065 |
| Receive | 6M CORRA | Semi-Annually | 2.740<br> %<br>| Semi-Annually | 06/01/34 | CAD | 2800000 | &nbsp;&nbsp; 51216 | &nbsp;&nbsp; — | &nbsp;&nbsp; 51216 |
| Receive | 6M CORRA | Semi-Annually | 3.000<br> %<br>| Semi-Annually | 06/01/33 | CAD | 2800000 | &nbsp;&nbsp; 3798 | &nbsp;&nbsp; 8409 | &nbsp;&nbsp; (4611)<br>|
| Receive | 6M CORRA | Semi-Annually | 3.000<br> %<br>| Semi-Annually | 06/01/34 | CAD | 2000000 | &nbsp;&nbsp; 9643 | &nbsp;&nbsp; 655 | &nbsp;&nbsp; 8988 |
| Receive | 6M CORRA | Semi-Annually | 3.000<br> %<br>| Semi-Annually | 06/01/34 | CAD | 3300000 | &nbsp;&nbsp; 15911 | &nbsp;&nbsp; (3063)<br>| &nbsp;&nbsp; 18974 |
| Receive | 6M CORRA | Semi-Annually | 3.500<br> %<br>| Semi-Annually | 06/01/32 | CAD | 43550000 | &nbsp;&nbsp; (946857)<br>| &nbsp;&nbsp; (277933)<br>| &nbsp;&nbsp; (668924)<br>|
| Receive | 6M CORRA | Semi-Annually | 3.750<br> %<br>| Semi-Annually | 12/20/33 | CAD | 1200000 | &nbsp;&nbsp; (40604)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (40604)<br>|
| Receive | 6M EURIBOR | Annually | 2.350<br> %<br>| Annually | 04/29/30 | EUR | 100000 | &nbsp;&nbsp; 2221 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2221 |
| Receive | 6M EURIBOR | Annually | 3.000<br> %<br>| Annually | 09/16/56 | EUR | 26960000 | &nbsp;&nbsp; 639872 | &nbsp;&nbsp; 504883 | &nbsp;&nbsp; 134989 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $38338890 | &nbsp;&nbsp; $21573877 | &nbsp;&nbsp; $16765013 |

---

**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.IG.45.V1 | 1.000% | &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 12/20/30 | &nbsp;&nbsp; 0.587% | &nbsp;&nbsp; USD | 30100000 | &nbsp;&nbsp; $532439 | &nbsp;&nbsp; $530124 | &nbsp;&nbsp; $2315 |
| CDX.NA.IG.46.V1 | 1.000% | &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 06/20/31 | &nbsp;&nbsp; 0.631% | &nbsp;&nbsp; USD | 35775000 | &nbsp;&nbsp;&nbsp; 616940 | &nbsp;&nbsp;&nbsp; 598789 | &nbsp;&nbsp; 18151 |
| ITRX.EUR.44.V1 | 1.000% | &nbsp;&nbsp; Quarterly | &nbsp;&nbsp; 12/20/30 | &nbsp;&nbsp; 0.666% | &nbsp;&nbsp; EUR | 5100000 | &nbsp;&nbsp;&nbsp;&nbsp; 86459 | &nbsp;&nbsp;&nbsp;&nbsp; 96363 | &nbsp;&nbsp; (9904) |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $1235838 | &nbsp;&nbsp; $1225276 | &nbsp;&nbsp; $10562 |

---

**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>|
| AES Corp. | 5.000<br> %<br>| Quarterly | 12/20/28 | 0.658<br> %<br>| USD | 3800000 | &nbsp;&nbsp; $427714 | &nbsp;&nbsp; $247545 | &nbsp;&nbsp; $180169 |
| AT&T, Inc. | 1.000<br> %<br>| Quarterly | 06/20/28 | 0.395<br> %<br>| USD | 21100000 | &nbsp;&nbsp; 272865 | &nbsp;&nbsp; (54847)<br>| &nbsp;&nbsp; 327712 |
| Boeing Co. | 1.000<br> %<br>| Quarterly | 12/20/27 | 0.385<br> %<br>| USD | 3400000 | &nbsp;&nbsp; 35095 | &nbsp;&nbsp; (49722)<br>| &nbsp;&nbsp; 84817 |
| Boeing Co. | 1.000<br> %<br>| Quarterly | 12/20/29 | 0.587<br> %<br>| USD | 400000 | &nbsp;&nbsp; 5732 | &nbsp;&nbsp; (5221)<br>| &nbsp;&nbsp; 10953 |
| Boeing Co. | 1.000<br> %<br>| Quarterly | 12/20/30 | 0.712<br> %<br>| USD | 3100000 | &nbsp;&nbsp; 39748 | &nbsp;&nbsp; 42991 | &nbsp;&nbsp; (3243)<br>|
| Boeing Co. | 1.000<br> %<br>| Quarterly | 06/20/31 | 0.773<br> %<br>| USD | 11500000 | &nbsp;&nbsp; 123809 | &nbsp;&nbsp; 150391 | &nbsp;&nbsp; (26582)<br>|

---

**BHFTI-280**

------

**Brighthouse Funds Trust I**

**PIMCO Total Return Portfolio**

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

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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>|
| Deutsche Bank AG | 1.000<br> %<br>| Quarterly | 12/20/30 | 0.948<br> %<br>| EUR | 13000000 | &nbsp;&nbsp; $43305 | &nbsp;&nbsp; $121588 | &nbsp;&nbsp; $(78283)<br>|
| General Electric Co. | 1.000<br> %<br>| Quarterly | 06/20/26 | 0.051<br> %<br>| USD | 4700000 | &nbsp;&nbsp; 9894 | &nbsp;&nbsp; 2233 | &nbsp;&nbsp; 7661 |
| Oracle Corp. | 1.000<br> %<br>| Quarterly | 06/20/30 | 1.622<br> %<br>| USD | 3200000 | &nbsp;&nbsp; (74240)<br>| &nbsp;&nbsp; 62000 | &nbsp;&nbsp; (136240)<br>|
| T-Mobile USA, Inc. | 5.000<br> %<br>| Quarterly | 06/20/28 | 0.255<br> %<br>| USD | 7000000 | &nbsp;&nbsp; 713363 | &nbsp;&nbsp; 536381 | &nbsp;&nbsp; 176982 |
| Verizon Communications, Inc. | 1.000<br> %<br>| Quarterly | 12/20/27 | 0.344<br> %<br>| USD | 500000 | &nbsp;&nbsp; 5574 | &nbsp;&nbsp; (2968)<br>| &nbsp;&nbsp; 8542 |
| Verizon Communications, Inc. | 1.000<br> %<br>| Quarterly | 06/20/28 | 0.368<br> %<br>| USD | 4900000 | &nbsp;&nbsp; 65861 | &nbsp;&nbsp; 1676 | &nbsp;&nbsp; 64185 |
| Verizon Communications, Inc. | 1.000<br> %<br>| Quarterly | 12/20/28 | 0.423<br> %<br>| USD | 1200000 | &nbsp;&nbsp; 18180 | &nbsp;&nbsp; (1546)<br>| &nbsp;&nbsp; 19726 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $1686900 | &nbsp;&nbsp; $1050501 | &nbsp;&nbsp; $636399 |

---

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

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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>|
| Colombia Government International Bond | 1.000% | Quarterly | 12/20/26 | BBP | 0.865<br> %<br>| USD | 2400000 | $2280 | $(16379)<br>| $18659 |
| Colombia Government International Bond | 1.000% | Quarterly | 12/20/26 | CBNA | 0.865<br> %<br>| USD | 1700000 | 1615 | (12353)<br>| 13968 |
| Colombia Government International Bond | 1.000% | Quarterly | 12/20/26 | JPMC | 0.865<br> %<br>| USD | 3200000 | 3040 | (11999)<br>| 15039 |
| Colombia Government International Bond | 1.000% | Quarterly | 06/20/27 | BNP | 1.035<br> %<br>| USD | 2400000 | (1068)<br>| (26806)<br>| 25738 |
| Colombia Government International Bond | 1.000% | Quarterly | 06/20/27 | CBNA | 1.035<br> %<br>| USD | 400000 | (178)<br>| (3377)<br>| 3199 |
| Colombia Government International Bond | 1.000% | Quarterly | 06/20/27 | GSI | 1.035<br> %<br>| USD | 3200000 | (1424)<br>| (27561)<br>| 26137 |
| Colombia Government International Bond | 1.000% | Quarterly | 06/20/27 | JPMC | 1.035<br> %<br>| USD | 1300000 | (579)<br>| (11718)<br>| 11139 |
| Colombia Government International Bond | 1.000% | Quarterly | 12/20/27 | BNP | 1.203<br> %<br>| USD | 500000 | (1725)<br>| (14749)<br>| 13024 |
| Colombia Government International Bond | 1.000% | Quarterly | 12/20/27 | GSI | 1.203<br> %<br>| USD | 1400000 | (4829)<br>| (41288)<br>| 36459 |
| Petroleos Mexicanos (d) | 4.850% | Monthly | 07/06/26 | DBAG | 0.000<br> %<br>| USD | 564720 | 1161 |  | 1161 |
| Republic of South Africa | 1.000% | Quarterly | 12/20/26 | CBNA | 0.728<br> %<br>| USD | 3100000 | 6052 | (22030)<br>| 28082 |
| Republic of South Africa | 1.000% | Quarterly | 12/20/26 | MSCS | 0.728<br> %<br>| USD | 31300000 | 61102 | (221594)<br>| 282696 |
| SoftBank Group Corp. | 1.000% | Quarterly | 06/20/26 | GSI | 1.662<br> %<br>| USD | 2100000 | (3092)<br>| (3158)<br>| 66 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | $62355 | $(413012)<br>| $475367 |

---

**OTC 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>| **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>|
| &nbsp;&nbsp;&nbsp; ITRX.EUR.XOVER.42.V4 (35-<br> 100% Tranche)<br>| 5.000% | &nbsp;&nbsp; Quarterly | 12/20/29 | JPMC | 0.532<br> %<br>| EUR | &nbsp;&nbsp; 1631070 | &nbsp;&nbsp; $288474 | &nbsp;&nbsp; $250088 | &nbsp;&nbsp; $38386 |
| &nbsp;&nbsp;&nbsp; ITRX.EUR.XOVER.44.V1 (35-<br> 100% Tranche)<br>| 5.000% | &nbsp;&nbsp; Quarterly | 12/20/30 | BOA | 0.916<br> %<br>| EUR | &nbsp;&nbsp; 7100000 | &nbsp;&nbsp; 1407200 | &nbsp;&nbsp; 1459489 | &nbsp;&nbsp; (52289)<br>|
| &nbsp;&nbsp;&nbsp; ITRX.EUR.XOVER.44.V1 (35-<br> 100% Tranche)<br>| 5.000% | &nbsp;&nbsp; Quarterly | 12/20/30 | BNP | 0.916<br> %<br>| EUR | &nbsp;&nbsp; 24690000 | &nbsp;&nbsp; 4893489 | &nbsp;&nbsp; 5256764 | &nbsp;&nbsp; (363275)<br>|
| &nbsp;&nbsp;&nbsp; ITRX.EUR.XOVER.44.V1 (35-<br> 100% Tranche)<br>| 5.000% | &nbsp;&nbsp; Quarterly | 12/20/30 | CBNA | 0.916<br> %<br>| EUR | &nbsp;&nbsp; 9400000 | &nbsp;&nbsp; 1863054 | &nbsp;&nbsp; 1965603 | &nbsp;&nbsp; (102549)<br>|
| &nbsp;&nbsp;&nbsp; ITRX.EUR.XOVER.44.V1 (35-<br> 100% Tranche)<br>| 5.000% | &nbsp;&nbsp; Quarterly | 12/20/30 | GSI | 0.916<br> %<br>| EUR | &nbsp;&nbsp; 2200000 | &nbsp;&nbsp; 436034 | &nbsp;&nbsp; 447304 | &nbsp;&nbsp; (11270)<br>|
| &nbsp;&nbsp;&nbsp; ITRX.EUR.XOVER.44.V1 (35-<br> 100% Tranche)<br>| 5.000% | &nbsp;&nbsp; Quarterly | 12/20/30 | JPMC | 0.916<br> %<br>| EUR | &nbsp;&nbsp; 23790000 | &nbsp;&nbsp; 4715111 | &nbsp;&nbsp; 4959935 | &nbsp;&nbsp; (244824)<br>|
| &nbsp;&nbsp;&nbsp; ITRX.EUR.XOVER.44.V1 (35-<br> 100% Tranche)<br>| 5.000% | &nbsp;&nbsp; Quarterly | 12/20/30 | MSCS | 0.916<br> %<br>| EUR | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 396395 | &nbsp;&nbsp; 422275 | &nbsp;&nbsp; (25880)<br>|
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | Totals | &nbsp;&nbsp; $13999757 | &nbsp;&nbsp; $14761458 | &nbsp;&nbsp; $(761701)<br>|

---

**BHFTI-281**

------

**Brighthouse Funds Trust I**

**PIMCO Total Return Portfolio**

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

**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 | 12M SOFR | Monthly | 09/23/26 | JPMC | iShares iBoxx $ IG Corporate Bond ETF | USD | 130788000 | $— | $— | $— |

---

&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.

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

**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; $1537332036 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1537332036 |
| Corporate Bonds & Notes |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aerospace/Defense | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4560276 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4560276 |
| &nbsp;&nbsp;&nbsp;&nbsp; Agriculture | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21097569 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21097569 |
| &nbsp;&nbsp;&nbsp;&nbsp; Airlines | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13137588 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13137588 |
| &nbsp;&nbsp;&nbsp;&nbsp; Auto Manufacturers | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 120354811 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 120354811 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banks | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 430279543 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 430279543 |
| &nbsp;&nbsp;&nbsp;&nbsp; Beverages | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3451745 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3451745 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5006533 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5006533 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14594514 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14594514 |
| &nbsp;&nbsp;&nbsp;&nbsp; Computers | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15282252 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15282252 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Financial Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 132124004 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 132124004 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 170636062 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 170636062 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronics | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8191465 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8191465 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3749539 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3749539 |
| &nbsp;&nbsp;&nbsp;&nbsp; Environmental Control | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3856904 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3856904 |
| &nbsp;&nbsp;&nbsp;&nbsp; Food | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20391577 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20391577 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gas | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21835404 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21835404 |
| &nbsp;&nbsp;&nbsp;&nbsp; Healthcare-Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 42601128 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 42601128 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 44098035 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 44098035 |
| &nbsp;&nbsp;&nbsp;&nbsp; Internet | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 41331877 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 41331877 |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25735973 | &nbsp;&nbsp;&nbsp; 1476994 | &nbsp;&nbsp;&nbsp; 27212967 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lodging | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10413818 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10413818 |
| &nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14310373 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14310373 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil & Gas | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21675622 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21675622 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 24801025 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 24801025 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pipelines | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 33729674 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 33729674 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6791009 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6791009 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Investment Trusts | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 114540236 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 114540236 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2722941 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2722941 |
| &nbsp;&nbsp;&nbsp;&nbsp; Savings & Loans | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8244624 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8244624 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2336993 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2336993 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shipbuilding | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13068756 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13068756 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 37790775 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 37790775 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telecommunications | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15220186 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15220186 |

---

**BHFTI-282**

------

**Brighthouse Funds Trust I**

**PIMCO 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; Water | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $56235 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $56235 |
| Total Corporate Bonds & Notes | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1448019066 | &nbsp;&nbsp;&nbsp; 1476994 | &nbsp;&nbsp;&nbsp; 1449496060 |
| Total U.S. Treasury & Government Agencies\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 792232684 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 792232684 |
| Total Non-Agency Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 366454300 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 366454300 |
| Total Foreign Government\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 313425113 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 313425113 |
| Total Asset-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 245026025 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 245026025 |
| Total Municipals\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 29819384 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 29819384 |
| Floating Rate Loans |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Services | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 747766 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 747766 |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4577291 | &nbsp;&nbsp;&nbsp; 4577291 |
| Total Floating Rate Loans | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 747766 | &nbsp;&nbsp;&nbsp; 4577291 | &nbsp;&nbsp;&nbsp; 5325057 |
| Total Purchased Options at Value\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 359712 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 359712 |
| Total Investments | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $4733416086 | &nbsp;&nbsp;&nbsp; $6054285 | &nbsp;&nbsp;&nbsp; $4739470371 |
| Reverse Repurchase Agreements (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(80640509)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(80640509)<br>|
| Forward Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $16293006 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $16293006 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (6848338)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (6848338)<br>|
| Total Forward Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $9444668 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $9444668 |
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $284492 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $284492 |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; (14824477)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (14824477)<br>|
| Total Futures Contracts | &nbsp;&nbsp;&nbsp; $(14539985)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(14539985)<br>|
| Written Options |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Credit Default Swaptions at Value | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(19614)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(19614)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Options at Value | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (13238)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (13238)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Swaptions at Value | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (416031)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (416031)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Options on Exchange-Traded Futures Contracts at Value | &nbsp;&nbsp;&nbsp; (46758)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (46758)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; OTC Options on Securities at Value | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (22396)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (22396)<br>|
| Total Written Options at Value | &nbsp;&nbsp;&nbsp; $(46758)<br>| &nbsp;&nbsp;&nbsp; $(471279)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(518037)<br>|
| Centrally Cleared Swap Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Swap Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $25831779 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $25831779 |
| &nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Swap Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (8419805)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (8419805)<br>|
| Total Centrally Cleared Swap Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $17411974 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $17411974 |
| OTC Swap Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; OTC Swap Contracts at Value (Assets) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $14073846 | &nbsp;&nbsp;&nbsp; $1161 | &nbsp;&nbsp;&nbsp; $14075007 |
| &nbsp;&nbsp;&nbsp;&nbsp; OTC Swap Contracts at Value (Liabilities) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (12895)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (12895)<br>|
| Total OTC Swap Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $14060951 | &nbsp;&nbsp;&nbsp; $1161 | &nbsp;&nbsp;&nbsp; $14062112 |

---

&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.

**BHFTI-283**

------

**Brighthouse Funds Trust I**

**Schroders Global Multi-Asset Portfolio**

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

**Common Stocks—45.7% 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 — 1.4%** | **Aerospace & Defense — 1.4%** | **Aerospace & Defense — 1.4%** |
| Airbus SE | 1579 | &nbsp;&nbsp;&nbsp; $296576 |
| ATI, Inc. (a) | 1706 | &nbsp;&nbsp;&nbsp; 248155 |
| Axon Enterprise, Inc. (a) | 281 | &nbsp;&nbsp;&nbsp; 119338 |
| Babcock International Group PLC | 7479 | &nbsp;&nbsp;&nbsp; 115203 |
| BAE Systems PLC | 2660 | &nbsp;&nbsp;&nbsp; 77430 |
| Boeing Co. (a) | 528 | &nbsp;&nbsp;&nbsp; 105088 |
| Carpenter Technology Corp.  | 381 | &nbsp;&nbsp;&nbsp; 150171 |
| Curtiss-Wright Corp.  | 262 | &nbsp;&nbsp;&nbsp; 178453 |
| Elbit Systems Ltd.  | 22 | &nbsp;&nbsp;&nbsp; 18429 |
| FTAI Aviation Ltd.  | 61 | &nbsp;&nbsp;&nbsp; 14945 |
| General Dynamics Corp.  | 222 | &nbsp;&nbsp;&nbsp; 76195 |
| General Electric Co.  | 6485 | &nbsp;&nbsp;&nbsp; 1840248 |
| HEICO Corp.  | 578 | &nbsp;&nbsp;&nbsp; 158488 |
| Howmet Aerospace, Inc.  | 4158 | &nbsp;&nbsp;&nbsp; 958253 |
| Kongsberg Gruppen ASA | 513 | &nbsp;&nbsp;&nbsp; 21966 |
| L3Harris Technologies, Inc.  | 159 | &nbsp;&nbsp;&nbsp; 54879 |
| Lockheed Martin Corp.  | 134 | &nbsp;&nbsp;&nbsp; 80988 |
| Northrop Grumman Corp.  | 80 | &nbsp;&nbsp;&nbsp; 54579 |
| Rheinmetall AG | 132 | &nbsp;&nbsp;&nbsp; 220137 |
| Rocket Lab Corp. (a) | 335 | &nbsp;&nbsp;&nbsp; 21514 |
| Rolls-Royce Holdings PLC | 32043 | &nbsp;&nbsp;&nbsp; 489327 |
| RTX Corp.  | 8194 | &nbsp;&nbsp;&nbsp; 1580623 |
| Saab AB - Class B | 1860 | &nbsp;&nbsp;&nbsp; 122012 |
| Safran SA | 956 | &nbsp;&nbsp;&nbsp; 312653 |
| Singapore Technologies Engineering Ltd.  | 1000 | &nbsp;&nbsp;&nbsp; 8523 |
| TransDigm Group, Inc.  | 235 | &nbsp;&nbsp;&nbsp; 272356 |
|  |  | &nbsp;&nbsp;&nbsp; 7596529 |
| **Air Freight & Logistics — 0.1%** | **Air Freight & Logistics — 0.1%** | **Air Freight & Logistics — 0.1%** |
| CH Robinson Worldwide, Inc.  | 478 | &nbsp;&nbsp;&nbsp; 79381 |
| Deutsche Post AG | 801 | &nbsp;&nbsp;&nbsp; 41309 |
| DSV AS | 181 | &nbsp;&nbsp;&nbsp; 43242 |
| FedEx Corp.  | 740 | &nbsp;&nbsp;&nbsp; 263573 |
| United Parcel Service, Inc. - Class B | 2974 | &nbsp;&nbsp;&nbsp; 292582 |
|  |  | &nbsp;&nbsp;&nbsp; 720087 |
| **Automobile Components — 0.1%** | **Automobile Components — 0.1%** | **Automobile Components — 0.1%** |
| Aisin Corp.  | 4900 | &nbsp;&nbsp;&nbsp; 67829 |
| BorgWarner, Inc.  | 1534 | &nbsp;&nbsp;&nbsp; 83235 |
| Bridgestone Corp.  | 4800 | &nbsp;&nbsp;&nbsp; 99628 |
| Denso Corp.  | 600 | &nbsp;&nbsp;&nbsp; 7450 |
| Garrett Motion, Inc.  | 7683 | &nbsp;&nbsp;&nbsp; 139600 |
| Niterra Co. Ltd.  | 1600 | &nbsp;&nbsp;&nbsp; 74670 |
| Sumitomo Electric Industries Ltd.  | 3000 | &nbsp;&nbsp;&nbsp; 167986 |
|  |  | &nbsp;&nbsp;&nbsp; 640398 |
| **Automobiles — 0.6%** | **Automobiles — 0.6%** | **Automobiles — 0.6%** |
| Ferrari NV | 219 | &nbsp;&nbsp;&nbsp; 73818 |
| Ford Motor Co.  | 3485 | &nbsp;&nbsp;&nbsp; 40217 |
| General Motors Co.  | 3047 | &nbsp;&nbsp;&nbsp; 227001 |
| Honda Motor Co. Ltd.  | 2200 | &nbsp;&nbsp;&nbsp; 17808 |
| Mercedes-Benz Group AG | 757 | &nbsp;&nbsp;&nbsp; 45863 |
| Rivian Automotive, Inc. - Class A (a) | 453 | &nbsp;&nbsp;&nbsp; 6818 |
| Stellantis NV | 2673 | &nbsp;&nbsp;&nbsp; 19046 |
| Suzuki Motor Corp.  | 1200 | &nbsp;&nbsp;&nbsp; 14377 |
| Tesla, Inc. (a) | 6664 | &nbsp;&nbsp;&nbsp; 2477342 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Automobiles—(Continued)** | **Automobiles—(Continued)** | **Automobiles—(Continued)** |
| Toyota Motor Corp.  | 25300 | &nbsp;&nbsp;&nbsp; $524451 |
|  |  | &nbsp;&nbsp;&nbsp; 3446741 |
| **Banks — 3.0%** | **Banks — 3.0%** | **Banks — 3.0%** |
| ABN AMRO Bank NV | 2720 | &nbsp;&nbsp;&nbsp; 87000 |
| ANZ Group Holdings Ltd.  | 2559 | &nbsp;&nbsp;&nbsp; 64329 |
| Banca Monte dei Paschi di Siena SpA | 1467 | &nbsp;&nbsp;&nbsp; 12782 |
| Banco Bilbao Vizcaya Argentaria SA | 17390 | &nbsp;&nbsp;&nbsp; 379560 |
| Banco Santander SA | 40845 | &nbsp;&nbsp;&nbsp; 462174 |
| Bank Hapoalim BM | 1021 | &nbsp;&nbsp;&nbsp; 23898 |
| Bank Leumi Le-Israel BM | 1074 | &nbsp;&nbsp;&nbsp; 23934 |
| Bank of America Corp.  | 17610 | &nbsp;&nbsp;&nbsp; 858487 |
| Bank of Montreal | 1912 | &nbsp;&nbsp;&nbsp; 258974 |
| Bank of Nova Scotia | 1012 | &nbsp;&nbsp;&nbsp; 70180 |
| Barclays PLC | 46264 | &nbsp;&nbsp;&nbsp; 243786 |
| BNP Paribas SA | 2583 | &nbsp;&nbsp;&nbsp; 246059 |
| BOC Hong Kong Holdings Ltd.  | 3000 | &nbsp;&nbsp;&nbsp; 16530 |
| BPER Banca SpA | 2594 | &nbsp;&nbsp;&nbsp; 33862 |
| CaixaBank SA | 16737 | &nbsp;&nbsp;&nbsp; 200817 |
| Canadian Imperial Bank of Commerce | 676 | &nbsp;&nbsp;&nbsp; 64067 |
| Citigroup, Inc.  | 5026 | &nbsp;&nbsp;&nbsp; 569999 |
| Citizens Financial Group, Inc.  | 1498 | &nbsp;&nbsp;&nbsp; 89835 |
| Commerzbank AG | 2994 | &nbsp;&nbsp;&nbsp; 107489 |
| Commonwealth Bank of Australia | 1665 | &nbsp;&nbsp;&nbsp; 194484 |
| Danske Bank AS | 2733 | &nbsp;&nbsp;&nbsp; 132682 |
| DBS Group Holdings Ltd.  | 9520 | &nbsp;&nbsp;&nbsp; 423005 |
| DNB Bank ASA | 1554 | &nbsp;&nbsp;&nbsp; 48465 |
| Erste Group Bank AG | 372 | &nbsp;&nbsp;&nbsp; 40197 |
| Fifth Third Bancorp (b) | 2047 | &nbsp;&nbsp;&nbsp; 95104 |
| HSBC Holdings PLC | 49627 | &nbsp;&nbsp;&nbsp; 812256 |
| Huntington Bancshares, Inc.  | 4717 | &nbsp;&nbsp;&nbsp; 73821 |
| ING Groep NV | 10390 | &nbsp;&nbsp;&nbsp; 271483 |
| Intesa Sanpaolo SpA | 43862 | &nbsp;&nbsp;&nbsp; 266625 |
| Israel Discount Bank Ltd. - Class A | 1024 | &nbsp;&nbsp;&nbsp; 10267 |
| Japan Post Bank Co. Ltd.  | 9600 | &nbsp;&nbsp;&nbsp; 157941 |
| JPMorgan Chase & Co.  | 11542 | &nbsp;&nbsp;&nbsp; 3395195 |
| KBC Group NV | 970 | &nbsp;&nbsp;&nbsp; 118577 |
| KeyCorp | 3863 | &nbsp;&nbsp;&nbsp; 77453 |
| Lloyds Banking Group PLC | 165874 | &nbsp;&nbsp;&nbsp; 205013 |
| M&T Bank Corp.  | 517 | &nbsp;&nbsp;&nbsp; 106874 |
| Mediobanca Banca di Credito Finanziario SpA | 3336 | &nbsp;&nbsp;&nbsp; 64849 |
| Mitsubishi UFJ Financial Group, Inc.  | 38000 | &nbsp;&nbsp;&nbsp; 642035 |
| Mizuho Financial Group, Inc.  | 8690 | &nbsp;&nbsp;&nbsp; 346860 |
| National Australia Bank Ltd.  | 2110 | &nbsp;&nbsp;&nbsp; 61024 |
| National Bank of Canada | 1461 | &nbsp;&nbsp;&nbsp; 189055 |
| NatWest Group PLC | 25199 | &nbsp;&nbsp;&nbsp; 186978 |
| Nordea Bank Abp | 3386 | &nbsp;&nbsp;&nbsp; 58074 |
| Oversea-Chinese Banking Corp. Ltd.  | 17100 | &nbsp;&nbsp;&nbsp; 294513 |
| PNC Financial Services Group, Inc.  | 1205 | &nbsp;&nbsp;&nbsp; 250748 |
| Popular, Inc.  | 319 | &nbsp;&nbsp;&nbsp; 42800 |
| Regions Financial Corp.  | 2667 | &nbsp;&nbsp;&nbsp; 69662 |
| Resona Holdings, Inc.  | 8300 | &nbsp;&nbsp;&nbsp; 92354 |
| Royal Bank of Canada | 3974 | &nbsp;&nbsp;&nbsp; 642422 |
| Societe Generale SA | 2229 | &nbsp;&nbsp;&nbsp; 162753 |
| Standard Chartered PLC | 7294 | &nbsp;&nbsp;&nbsp; 151481 |
| Sumitomo Mitsui Financial Group, Inc.  | 11900 | &nbsp;&nbsp;&nbsp; 392267 |

---

**BHFTI-284**

------

**Brighthouse Funds Trust I**

**Schroders Global Multi-Asset Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| Sumitomo Mitsui Trust Group, Inc.  | 3600 | &nbsp;&nbsp;&nbsp; $114563 |
| Toronto-Dominion Bank | 4929 | &nbsp;&nbsp;&nbsp; 460338 |
| Truist Financial Corp.  | 4180 | &nbsp;&nbsp;&nbsp; 192155 |
| U.S. Bancorp | 11399 | &nbsp;&nbsp;&nbsp; 592862 |
| UniCredit SpA | 4012 | &nbsp;&nbsp;&nbsp; 289094 |
| United Overseas Bank Ltd.  | 4000 | &nbsp;&nbsp;&nbsp; 115046 |
| Wells Fargo & Co.  | 8000 | &nbsp;&nbsp;&nbsp; 636880 |
| Westpac Banking Corp.  | 2807 | &nbsp;&nbsp;&nbsp; 77112 |
|  |  | &nbsp;&nbsp;&nbsp; 16369129 |
| **Beverages — 0.6%** | **Beverages — 0.6%** | **Beverages — 0.6%** |
| Anheuser-Busch InBev SA | 772 | &nbsp;&nbsp;&nbsp; 53569 |
| Asahi Group Holdings Ltd.  | 1800 | &nbsp;&nbsp;&nbsp; 18065 |
| Carlsberg AS - Class B | 202 | &nbsp;&nbsp;&nbsp; 25205 |
| Coca-Cola Co.  | 24991 | &nbsp;&nbsp;&nbsp; 1900566 |
| Diageo PLC | 1767 | &nbsp;&nbsp;&nbsp; 32831 |
| Keurig Dr. Pepper, Inc.  | 5410 | &nbsp;&nbsp;&nbsp; 142445 |
| Kirin Holdings Co. Ltd.  | 1500 | &nbsp;&nbsp;&nbsp; 23866 |
| Monster Beverage Corp. (a) | 8179 | &nbsp;&nbsp;&nbsp; 592650 |
| PepsiCo, Inc.  | 4136 | &nbsp;&nbsp;&nbsp; 642279 |
| Pernod Ricard SA | 302 | &nbsp;&nbsp;&nbsp; 22541 |
|  |  | &nbsp;&nbsp;&nbsp; 3454017 |
| **Biotechnology — 0.5%** | **Biotechnology — 0.5%** | **Biotechnology — 0.5%** |
| AbbVie, Inc.  | 5187 | &nbsp;&nbsp;&nbsp; 1128121 |
| Alnylam Pharmaceuticals, Inc. (a) | 97 | &nbsp;&nbsp;&nbsp; 32094 |
| Amgen, Inc. (b) | 1461 | &nbsp;&nbsp;&nbsp; 514053 |
| Argenx SE (a) | 54 | &nbsp;&nbsp;&nbsp; 38748 |
| Biogen, Inc. (a) | 140 | &nbsp;&nbsp;&nbsp; 25666 |
| CSL Ltd.  | 374 | &nbsp;&nbsp;&nbsp; 36741 |
| Exelixis, Inc. (a) | 1655 | &nbsp;&nbsp;&nbsp; 70983 |
| Gilead Sciences, Inc.  | 2818 | &nbsp;&nbsp;&nbsp; 392745 |
| Halozyme Therapeutics, Inc. (a) | 673 | &nbsp;&nbsp;&nbsp; 43496 |
| Incyte Corp. (a) | 225 | &nbsp;&nbsp;&nbsp; 21177 |
| Insmed, Inc. (a) | 162 | &nbsp;&nbsp;&nbsp; 26490 |
| Natera, Inc. (a) | 96 | &nbsp;&nbsp;&nbsp; 19199 |
| Regeneron Pharmaceuticals, Inc.  | 63 | &nbsp;&nbsp;&nbsp; 48676 |
| Revolution Medicines, Inc. (a) | 92 | &nbsp;&nbsp;&nbsp; 8947 |
| United Therapeutics Corp. (a) | 114 | &nbsp;&nbsp;&nbsp; 67600 |
| Vertex Pharmaceuticals, Inc. (a) | 779 | &nbsp;&nbsp;&nbsp; 347855 |
|  |  | &nbsp;&nbsp;&nbsp; 2822591 |
| **Broadline Retail — 1.4%** | **Broadline Retail — 1.4%** | **Broadline Retail — 1.4%** |
| Amazon.com, Inc. (a) | 33567 | &nbsp;&nbsp;&nbsp; 6990999 |
| Dollarama, Inc.  | 1691 | &nbsp;&nbsp;&nbsp; 207537 |
| eBay, Inc.  | 328 | &nbsp;&nbsp;&nbsp; 29855 |
| MercadoLibre, Inc. (a) | 130 | &nbsp;&nbsp;&nbsp; 224773 |
| Next PLC | 353 | &nbsp;&nbsp;&nbsp; 59529 |
| Prosus NV | 3870 | &nbsp;&nbsp;&nbsp; 176910 |
| Rakuten Group, Inc. (a) | 1500 | &nbsp;&nbsp;&nbsp; 6996 |
| Ryohin Keikaku Co. Ltd.  | 300 | &nbsp;&nbsp;&nbsp; 6380 |
| Sea Ltd. (ADR) (a) | 1361 | &nbsp;&nbsp;&nbsp; 112704 |
| Wesfarmers Ltd.  | 1046 | &nbsp;&nbsp;&nbsp; 53024 |
|  |  | &nbsp;&nbsp;&nbsp; 7868707 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Building Products — 0.2%** | **Building Products — 0.2%** | **Building Products — 0.2%** |
| Allegion PLC | 379 | &nbsp;&nbsp;&nbsp; $55065 |
| Armstrong World Industries, Inc.  | 855 | &nbsp;&nbsp;&nbsp; 140904 |
| Assa Abloy AB - Class B | 1804 | &nbsp;&nbsp;&nbsp; 64692 |
| Builders FirstSource, Inc. (a) | 143 | &nbsp;&nbsp;&nbsp; 11773 |
| Carrier Global Corp.  | 550 | &nbsp;&nbsp;&nbsp; 30971 |
| Cie de Saint-Gobain SA | 980 | &nbsp;&nbsp;&nbsp; 80649 |
| Daikin Industries Ltd.  | 200 | &nbsp;&nbsp;&nbsp; 24263 |
| Johnson Controls International PLC | 5047 | &nbsp;&nbsp;&nbsp; 660905 |
| Trane Technologies PLC | 164 | &nbsp;&nbsp;&nbsp; 68345 |
|  |  | &nbsp;&nbsp;&nbsp; 1137567 |
| **Capital Markets — 1.5%** | **Capital Markets — 1.5%** | **Capital Markets — 1.5%** |
| 3i Group PLC | 638 | &nbsp;&nbsp;&nbsp; 20905 |
| Ameriprise Financial, Inc.  | 190 | &nbsp;&nbsp;&nbsp; 84436 |
| Bank of New York Mellon Corp.  | 2956 | &nbsp;&nbsp;&nbsp; 350670 |
| Blackrock, Inc.  | 833 | &nbsp;&nbsp;&nbsp; 801104 |
| Blackstone, Inc.  | 1409 | &nbsp;&nbsp;&nbsp; 162021 |
| Brookfield Asset Management Ltd. - Class A | 667 | &nbsp;&nbsp;&nbsp; 29656 |
| Brookfield Corp.  | 2094 | &nbsp;&nbsp;&nbsp; 84853 |
| Cboe Global Markets, Inc.  | 429 | &nbsp;&nbsp;&nbsp; 120579 |
| Charles Schwab Corp.  | 4714 | &nbsp;&nbsp;&nbsp; 443022 |
| CME Group, Inc.  | 1083 | &nbsp;&nbsp;&nbsp; 319864 |
| Coinbase Global, Inc. - Class A (a) | 706 | &nbsp;&nbsp;&nbsp; 123275 |
| Deutsche Bank AG | 1376 | &nbsp;&nbsp;&nbsp; 40265 |
| Deutsche Boerse AG | 150 | &nbsp;&nbsp;&nbsp; 43610 |
| Futu Holdings Ltd. (ADR) (a) | 343 | &nbsp;&nbsp;&nbsp; 46909 |
| Goldman Sachs Group, Inc.  | 762 | &nbsp;&nbsp;&nbsp; 644644 |
| Hong Kong Exchanges & Clearing Ltd.  | 4200 | &nbsp;&nbsp;&nbsp; 212878 |
| Interactive Brokers Group, Inc. - Class A | 230 | &nbsp;&nbsp;&nbsp; 15426 |
| Intercontinental Exchange, Inc.  | 3475 | &nbsp;&nbsp;&nbsp; 546548 |
| KKR & Co., Inc.  | 962 | &nbsp;&nbsp;&nbsp; 88985 |
| London Stock Exchange Group PLC | 307 | &nbsp;&nbsp;&nbsp; 36283 |
| Macquarie Group Ltd.  | 347 | &nbsp;&nbsp;&nbsp; 49233 |
| Moody's Corp. (b) | 1644 | &nbsp;&nbsp;&nbsp; 717195 |
| Morgan Stanley | 9034 | &nbsp;&nbsp;&nbsp; 1486725 |
| MSCI, Inc.  | 182 | &nbsp;&nbsp;&nbsp; 98100 |
| Nasdaq, Inc.  | 271 | &nbsp;&nbsp;&nbsp; 23005 |
| Nomura Holdings, Inc.  | 3500 | &nbsp;&nbsp;&nbsp; 27684 |
| Robinhood Markets, Inc. - Class A (a) | 2107 | &nbsp;&nbsp;&nbsp; 146015 |
| S&P Global, Inc.  | 1540 | &nbsp;&nbsp;&nbsp; 655024 |
| SBI Holdings, Inc.  | 1000 | &nbsp;&nbsp;&nbsp; 18627 |
| Singapore Exchange Ltd.  | 6400 | &nbsp;&nbsp;&nbsp; 98201 |
| State Street Corp.  | 381 | &nbsp;&nbsp;&nbsp; 48219 |
| UBS Group AG | 9433 | &nbsp;&nbsp;&nbsp; 366887 |
|  |  | &nbsp;&nbsp;&nbsp; 7950848 |
| **Chemicals — 0.5%** | **Chemicals — 0.5%** | **Chemicals — 0.5%** |
| Air Liquide SA | 1179 | &nbsp;&nbsp;&nbsp; 242874 |
| Air Products & Chemicals, Inc.  | 168 | &nbsp;&nbsp;&nbsp; 48802 |
| BASF SE | 813 | &nbsp;&nbsp;&nbsp; 49126 |
| Corteva, Inc.  | 2891 | &nbsp;&nbsp;&nbsp; 242006 |
| Dow, Inc.  | 848 | &nbsp;&nbsp;&nbsp; 35319 |
| DuPont de Nemours, Inc.  | 409 | &nbsp;&nbsp;&nbsp; 18732 |
| Ecolab, Inc.  | 2160 | &nbsp;&nbsp;&nbsp; 574603 |
| Element Solutions, Inc.  | 2056 | &nbsp;&nbsp;&nbsp; 70192 |
| Givaudan SA | 10 | &nbsp;&nbsp;&nbsp; 33823 |

---

**BHFTI-285**

------

**Brighthouse Funds Trust I**

**Schroders Global Multi-Asset Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Chemicals—(Continued)** | **Chemicals—(Continued)** | **Chemicals—(Continued)** |
| International Flavors & Fragrances, Inc.  | 283 | &nbsp;&nbsp;&nbsp; $20532 |
| Linde PLC | 1260 | &nbsp;&nbsp;&nbsp; 624658 |
| Novonesis (Novozymes) - B Shares | 653 | &nbsp;&nbsp;&nbsp; 38638 |
| Nutrien Ltd.  | 1751 | &nbsp;&nbsp;&nbsp; 132178 |
| Sherwin-Williams Co.  | 1263 | &nbsp;&nbsp;&nbsp; 404855 |
| Shin-Etsu Chemical Co. Ltd.  | 1000 | &nbsp;&nbsp;&nbsp; 40688 |
| Sika AG | 153 | &nbsp;&nbsp;&nbsp; 25445 |
| Symrise AG | 142 | &nbsp;&nbsp;&nbsp; 12023 |
| Toray Industries, Inc.  | 7500 | &nbsp;&nbsp;&nbsp; 52878 |
| Yara International ASA | 1269 | &nbsp;&nbsp;&nbsp; 73869 |
|  |  | &nbsp;&nbsp;&nbsp; 2741241 |
| **Commercial Services & Supplies — 0.3%** | **Commercial Services & Supplies — 0.3%** | **Commercial Services & Supplies — 0.3%** |
| Brambles Ltd.  | 7133 | &nbsp;&nbsp;&nbsp; 111460 |
| Cintas Corp.  | 1898 | &nbsp;&nbsp;&nbsp; 321028 |
| Copart, Inc. (a) | 600 | &nbsp;&nbsp;&nbsp; 19920 |
| Japan Elevator Service Holdings Co. Ltd.  | 12000 | &nbsp;&nbsp;&nbsp; 124628 |
| Republic Services, Inc.  | 1099 | &nbsp;&nbsp;&nbsp; 240703 |
| Rollins, Inc.  | 2466 | &nbsp;&nbsp;&nbsp; 131709 |
| Veralto Corp.  | 377 | &nbsp;&nbsp;&nbsp; 33334 |
| Waste Connections, Inc.  | 510 | &nbsp;&nbsp;&nbsp; 82852 |
| Waste Management, Inc.  | 1925 | &nbsp;&nbsp;&nbsp; 442346 |
|  |  | &nbsp;&nbsp;&nbsp; 1507980 |
| **Communications Equipment — 0.7%** | **Communications Equipment — 0.7%** | **Communications Equipment — 0.7%** |
| Accton Technology Corp.  | 1000 | &nbsp;&nbsp;&nbsp; 48691 |
| Arista Networks, Inc. (a) | 9892 | &nbsp;&nbsp;&nbsp; 1214540 |
| Calix, Inc. (a) | 1190 | &nbsp;&nbsp;&nbsp; 58298 |
| Ciena Corp. (a) | 472 | &nbsp;&nbsp;&nbsp; 183245 |
| Cisco Systems, Inc.  | 11936 | &nbsp;&nbsp;&nbsp; 926114 |
| Lumentum Holdings, Inc. (a) (b) | 640 | &nbsp;&nbsp;&nbsp; 449766 |
| Motorola Solutions, Inc.  | 1257 | &nbsp;&nbsp;&nbsp; 545500 |
| Nokia OYJ | 25745 | &nbsp;&nbsp;&nbsp; 205186 |
| Telefonaktiebolaget LM Ericsson - B Shares | 2724 | &nbsp;&nbsp;&nbsp; 30855 |
|  |  | &nbsp;&nbsp;&nbsp; 3662195 |
| **Construction & Engineering — 0.5%** | **Construction & Engineering — 0.5%** | **Construction & Engineering — 0.5%** |
| ACS Actividades de Construccion y Servicios SA | 2093 | &nbsp;&nbsp;&nbsp; 258993 |
| Comfort Systems USA, Inc.  | 321 | &nbsp;&nbsp;&nbsp; 442656 |
| Eiffage SA | 635 | &nbsp;&nbsp;&nbsp; 97494 |
| EMCOR Group, Inc.  | 642 | &nbsp;&nbsp;&nbsp; 473995 |
| HOCHTIEF AG | 628 | &nbsp;&nbsp;&nbsp; 276198 |
| Kajima Corp.  | 400 | &nbsp;&nbsp;&nbsp; 15195 |
| MasTec, Inc. (a) | 463 | &nbsp;&nbsp;&nbsp; 148966 |
| Obayashi Corp.  | 5000 | &nbsp;&nbsp;&nbsp; 120410 |
| Quanta Services, Inc.  | 473 | &nbsp;&nbsp;&nbsp; 259686 |
| Stantec, Inc.  | 940 | &nbsp;&nbsp;&nbsp; 81262 |
| Taisei Corp.  | 1000 | &nbsp;&nbsp;&nbsp; 104434 |
| Vinci SA | 1558 | &nbsp;&nbsp;&nbsp; 233338 |
|  |  | &nbsp;&nbsp;&nbsp; 2512627 |
| **Construction Materials — 0.2%** | **Construction Materials — 0.2%** | **Construction Materials — 0.2%** |
| Amrize Ltd. (a) | 322 | &nbsp;&nbsp;&nbsp; 18038 |
| Buzzi SpA | 140 | &nbsp;&nbsp;&nbsp; 7062 |
| CRH PLC | 2340 | &nbsp;&nbsp;&nbsp; 245981 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Construction Materials—(Continued)** | **Construction Materials—(Continued)** | **Construction Materials—(Continued)** |
| Heidelberg Materials AG | 130 | &nbsp;&nbsp;&nbsp; $26775 |
| Holcim AG | 1647 | &nbsp;&nbsp;&nbsp; 136673 |
| Martin Marietta Materials, Inc.  | 48 | &nbsp;&nbsp;&nbsp; 28257 |
| Vulcan Materials Co.  | 1604 | &nbsp;&nbsp;&nbsp; 436769 |
|  |  | &nbsp;&nbsp;&nbsp; 899555 |
| **Consumer Finance — 0.3%** | **Consumer Finance — 0.3%** | **Consumer Finance — 0.3%** |
| American Express Co.  | 3917 | &nbsp;&nbsp;&nbsp; 1184814 |
| Capital One Financial Corp.  | 1625 | &nbsp;&nbsp;&nbsp; 296449 |
| SoFi Technologies, Inc. (a) | 915 | &nbsp;&nbsp;&nbsp; 14530 |
| Synchrony Financial | 942 | &nbsp;&nbsp;&nbsp; 64075 |
|  |  | &nbsp;&nbsp;&nbsp; 1559868 |
| **Consumer Staples Distribution & Retail — 0.8%** | **Consumer Staples Distribution & Retail — 0.8%** | **Consumer Staples Distribution & Retail — 0.8%** |
| Aeon Co. Ltd.  | 1700 | &nbsp;&nbsp;&nbsp; 20291 |
| Alimentation Couche-Tard, Inc.  | 393 | &nbsp;&nbsp;&nbsp; 22276 |
| Carrefour SA | 1210 | &nbsp;&nbsp;&nbsp; 22307 |
| Coles Group Ltd.  | 1457 | &nbsp;&nbsp;&nbsp; 22114 |
| Costco Wholesale Corp.  | 1259 | &nbsp;&nbsp;&nbsp; 1254505 |
| Dollar General Corp.  | 2420 | &nbsp;&nbsp;&nbsp; 287327 |
| Dollar Tree, Inc. (a) | 194 | &nbsp;&nbsp;&nbsp; 21245 |
| Koninklijke Ahold Delhaize NV | 5407 | &nbsp;&nbsp;&nbsp; 252419 |
| Kroger Co.  | 2430 | &nbsp;&nbsp;&nbsp; 175835 |
| Loblaw Cos. Ltd.  | 7053 | &nbsp;&nbsp;&nbsp; 321545 |
| Metro, Inc.  | 1374 | &nbsp;&nbsp;&nbsp; 94010 |
| Seven & i Holdings Co. Ltd.  | 1900 | &nbsp;&nbsp;&nbsp; 25573 |
| Sysco Corp.  | 460 | &nbsp;&nbsp;&nbsp; 32812 |
| Target Corp.  | 333 | &nbsp;&nbsp;&nbsp; 40360 |
| Tesco PLC | 5027 | &nbsp;&nbsp;&nbsp; 31697 |
| U.S. Foods Holding Corp. (a) | 2364 | &nbsp;&nbsp;&nbsp; 217984 |
| Walmart, Inc.  | 10868 | &nbsp;&nbsp;&nbsp; 1350675 |
| Woolworths Group Ltd.  | 1382 | &nbsp;&nbsp;&nbsp; 34798 |
|  |  | &nbsp;&nbsp;&nbsp; 4227773 |
| **Containers & Packaging — 0.0%** | **Containers & Packaging — 0.0%** | **Containers & Packaging — 0.0%** |
| International Paper Co. (b) | 607 | &nbsp;&nbsp;&nbsp; 21670 |
| Packaging Corp. of America | 267 | &nbsp;&nbsp;&nbsp; 56662 |
| Smurfit Westrock PLC | 521 | &nbsp;&nbsp;&nbsp; 20762 |
|  |  | &nbsp;&nbsp;&nbsp; 99094 |
| **Distributors — 0.0%** | **Distributors — 0.0%** | **Distributors — 0.0%** |
| D'ieteren Group | 39 | &nbsp;&nbsp;&nbsp; 7210 |
| **Diversified REITs — 0.0%** | **Diversified REITs — 0.0%** | **Diversified REITs — 0.0%** |
| CapitaLand Integrated Commercial Trust | 93000 | &nbsp;&nbsp;&nbsp; 167027 |
| **Diversified Telecommunication Services — 0.5%** | **Diversified Telecommunication Services — 0.5%** | **Diversified Telecommunication Services — 0.5%** |
| AST SpaceMobile, Inc. (a) | 148 | &nbsp;&nbsp;&nbsp; 12265 |
| AT&T, Inc.  | 20852 | &nbsp;&nbsp;&nbsp; 604500 |
| Cellnex Telecom SA (a) | 664 | &nbsp;&nbsp;&nbsp; 21558 |
| Comcast Corp. - Class A | 2343 | &nbsp;&nbsp;&nbsp; 67268 |
| Deutsche Telekom AG | 14752 | &nbsp;&nbsp;&nbsp; 543966 |
| Koninklijke KPN NV | 51366 | &nbsp;&nbsp;&nbsp; 285694 |
| NTT, Inc.  | 142500 | &nbsp;&nbsp;&nbsp; 141478 |
| Orange SA | 1988 | &nbsp;&nbsp;&nbsp; 40619 |
| Singapore Telecommunications Ltd.  | 68200 | &nbsp;&nbsp;&nbsp; 264012 |

---

**BHFTI-286**

------

**Brighthouse Funds Trust I**

**Schroders Global Multi-Asset Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Diversified Telecommunication Services—(Continued)** | **Diversified Telecommunication Services—(Continued)** | **Diversified Telecommunication Services—(Continued)** |
| Telstra Group Ltd.  | 38028 | &nbsp;&nbsp;&nbsp; $140059 |
| Verizon Communications, Inc.  | 12275 | &nbsp;&nbsp;&nbsp; 616205 |
|  |  | &nbsp;&nbsp;&nbsp; 2737624 |
| **Electric Utilities — 0.8%** | **Electric Utilities — 0.8%** | **Electric Utilities — 0.8%** |
| American Electric Power Co., Inc.  | 374 | &nbsp;&nbsp;&nbsp; 49024 |
| BKW AG | 41 | &nbsp;&nbsp;&nbsp; 8075 |
| Constellation Energy Corp.  | 923 | &nbsp;&nbsp;&nbsp; 257748 |
| Duke Energy Corp.  | 773 | &nbsp;&nbsp;&nbsp; 101217 |
| Edison International | 431 | &nbsp;&nbsp;&nbsp; 31541 |
| Endesa SA | 2604 | &nbsp;&nbsp;&nbsp; 109812 |
| Enel SpA | 5820 | &nbsp;&nbsp;&nbsp; 63362 |
| Entergy Corp.  | 415 | &nbsp;&nbsp;&nbsp; 46629 |
| Eversource Energy | 469 | &nbsp;&nbsp;&nbsp; 32492 |
| Exelon Corp.  | 4235 | &nbsp;&nbsp;&nbsp; 207600 |
| Hydro One Ltd.  | 7591 | &nbsp;&nbsp;&nbsp; 313495 |
| Iberdrola SA | 28076 | &nbsp;&nbsp;&nbsp; 644505 |
| Kansai Electric Power Co., Inc.  | 1000 | &nbsp;&nbsp;&nbsp; 16471 |
| NextEra Energy, Inc.  | 14907 | &nbsp;&nbsp;&nbsp; 1384562 |
| NRG Energy, Inc.  | 916 | &nbsp;&nbsp;&nbsp; 133864 |
| PG&E Corp.  | 1460 | &nbsp;&nbsp;&nbsp; 25652 |
| Power Assets Holdings Ltd.  | 2500 | &nbsp;&nbsp;&nbsp; 19478 |
| Redeia Corp. SA | 539 | &nbsp;&nbsp;&nbsp; 9122 |
| Southern Co.  | 3489 | &nbsp;&nbsp;&nbsp; 336758 |
| SSE PLC | 938 | &nbsp;&nbsp;&nbsp; 32384 |
| Terna - Rete Elettrica Nazionale | 29551 | &nbsp;&nbsp;&nbsp; 338414 |
| Xcel Energy, Inc.  | 507 | &nbsp;&nbsp;&nbsp; 40276 |
|  |  | &nbsp;&nbsp;&nbsp; 4202481 |
| **Electrical Equipment — 1.3%** | **Electrical Equipment — 1.3%** | **Electrical Equipment — 1.3%** |
| ABB Ltd.  | 5588 | &nbsp;&nbsp;&nbsp; 454487 |
| Bloom Energy Corp. - Class A (a) | 135 | &nbsp;&nbsp;&nbsp; 18291 |
| Eaton Corp. PLC (b) | 1186 | &nbsp;&nbsp;&nbsp; 424197 |
| Emerson Electric Co.  | 4755 | &nbsp;&nbsp;&nbsp; 623000 |
| Fuji Electric Co. Ltd.  | 100 | &nbsp;&nbsp;&nbsp; 7003 |
| Fujikura Ltd.  | 10800 | &nbsp;&nbsp;&nbsp; 293857 |
| Furukawa Electric Co. Ltd.  | 800 | &nbsp;&nbsp;&nbsp; 152860 |
| GE Vernova, Inc.  | 2025 | &nbsp;&nbsp;&nbsp; 1767622 |
| HD Hyundai Electric Co. Ltd.  | 299 | &nbsp;&nbsp;&nbsp; 166799 |
| Legrand SA | 798 | &nbsp;&nbsp;&nbsp; 123311 |
| Mitsubishi Electric Corp.  | 1200 | &nbsp;&nbsp;&nbsp; 39189 |
| Nexans SA | 365 | &nbsp;&nbsp;&nbsp; 49387 |
| NIDEC Corp.  | 1100 | &nbsp;&nbsp;&nbsp; 13844 |
| nVent Electric PLC | 1117 | &nbsp;&nbsp;&nbsp; 132119 |
| Prysmian SpA | 1689 | &nbsp;&nbsp;&nbsp; 197501 |
| Rockwell Automation, Inc.  | 536 | &nbsp;&nbsp;&nbsp; 192360 |
| Schneider Electric SE | 1844 | &nbsp;&nbsp;&nbsp; 506492 |
| Siemens Energy AG | 3104 | &nbsp;&nbsp;&nbsp; 510842 |
| Vertiv Holdings Co. - Class A | 5151 | &nbsp;&nbsp;&nbsp; 1290737 |
| Vestas Wind Systems AS | 897 | &nbsp;&nbsp;&nbsp; 26857 |
|  |  | &nbsp;&nbsp;&nbsp; 6990755 |
| **Electronic Equipment, Instruments & Components — 0.5%** | **Electronic Equipment, Instruments & Components — 0.5%** | **Electronic Equipment, Instruments & Components — 0.5%** |
| Amphenol Corp. - Class A | 7788 | &nbsp;&nbsp;&nbsp; 984014 |
| CDW Corp.  | 200 | &nbsp;&nbsp;&nbsp; 24204 |
| Celestica, Inc. (a) | 422 | &nbsp;&nbsp;&nbsp; 119043 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Electronic Equipment, Instruments & Components—(Continued)** | **Electronic Equipment, Instruments & Components—(Continued)** | **Electronic Equipment, Instruments & Components—(Continued)** |
| Coherent Corp. (a) | 512 | &nbsp;&nbsp;&nbsp; $121963 |
| Corning, Inc.  | 2441 | &nbsp;&nbsp;&nbsp; 331903 |
| Delta Electronics, Inc.  | 1000 | &nbsp;&nbsp;&nbsp; 44508 |
| Flex Ltd. (a) | 216 | &nbsp;&nbsp;&nbsp; 14139 |
| Ibiden Co. Ltd.  | 100 | &nbsp;&nbsp;&nbsp; 4904 |
| Jabil, Inc.  | 476 | &nbsp;&nbsp;&nbsp; 126440 |
| Keyence Corp.  | 500 | &nbsp;&nbsp;&nbsp; 177078 |
| Keysight Technologies, Inc. (a) | 624 | &nbsp;&nbsp;&nbsp; 176199 |
| Kyocera Corp.  | 900 | &nbsp;&nbsp;&nbsp; 13914 |
| Murata Manufacturing Co. Ltd.  | 1300 | &nbsp;&nbsp;&nbsp; 29147 |
| TDK Corp.  | 1200 | &nbsp;&nbsp;&nbsp; 15559 |
| TE Connectivity PLC | 2827 | &nbsp;&nbsp;&nbsp; 590899 |
| Yokogawa Electric Corp.  | 3300 | &nbsp;&nbsp;&nbsp; 102221 |
| Zebra Technologies Corp. - Class A (a) | 90 | &nbsp;&nbsp;&nbsp; 18817 |
|  |  | &nbsp;&nbsp;&nbsp; 2894952 |
| **Energy Equipment & Services — 0.2%** | **Energy Equipment & Services — 0.2%** | **Energy Equipment & Services — 0.2%** |
| Baker Hughes Co.  | 14023 | &nbsp;&nbsp;&nbsp; 856104 |
| Halliburton Co.  | 6554 | &nbsp;&nbsp;&nbsp; 255540 |
| SLB Ltd.  | 1086 | &nbsp;&nbsp;&nbsp; 55810 |
|  |  | &nbsp;&nbsp;&nbsp; 1167454 |
| **Entertainment — 0.6%** | **Entertainment — 0.6%** | **Entertainment — 0.6%** |
| Electronic Arts, Inc.  | 154 | &nbsp;&nbsp;&nbsp; 31396 |
| Liberty Media Corp.-Liberty Formula One - Class C (a) | 365 | &nbsp;&nbsp;&nbsp; 31032 |
| Live Nation Entertainment, Inc. (a) (b) | 156 | &nbsp;&nbsp;&nbsp; 23792 |
| Netflix, Inc. (a) | 20626 | &nbsp;&nbsp;&nbsp; 1983190 |
| Nintendo Co. Ltd.  | 3100 | &nbsp;&nbsp;&nbsp; 176889 |
| ROBLOX Corp. - Class A (a) | 408 | &nbsp;&nbsp;&nbsp; 23076 |
| Spotify Technology SA (a) | 673 | &nbsp;&nbsp;&nbsp; 326344 |
| Take-Two Interactive Software, Inc. (a) | 174 | &nbsp;&nbsp;&nbsp; 34365 |
| Walt Disney Co.  | 7640 | &nbsp;&nbsp;&nbsp; 736343 |
| Warner Bros Discovery, Inc. (a) | 2373 | &nbsp;&nbsp;&nbsp; 65163 |
|  |  | &nbsp;&nbsp;&nbsp; 3431590 |
| **Financial Services — 1.1%** | **Financial Services — 1.1%** | **Financial Services — 1.1%** |
| Adyen NV (a) | 25 | &nbsp;&nbsp;&nbsp; 25016 |
| Affirm Holdings, Inc. (a) | 257 | &nbsp;&nbsp;&nbsp; 11776 |
| Apollo Global Management, Inc.  | 228 | &nbsp;&nbsp;&nbsp; 25404 |
| Berkshire Hathaway, Inc. - Class B (a) (b) | 3248 | &nbsp;&nbsp;&nbsp; 1556442 |
| Block, Inc. (a) | 297 | &nbsp;&nbsp;&nbsp; 17873 |
| Fidelity National Information Services, Inc.  | 547 | &nbsp;&nbsp;&nbsp; 25660 |
| Fiserv, Inc. (a) | 430 | &nbsp;&nbsp;&nbsp; 23994 |
| Global Payments, Inc.  | 247 | &nbsp;&nbsp;&nbsp; 16623 |
| Industrivarden AB - C Shares | 331 | &nbsp;&nbsp;&nbsp; 16485 |
| Investor AB - B Shares | 1865 | &nbsp;&nbsp;&nbsp; 70599 |
| Jackson Financial, Inc. - Class A | 965 | &nbsp;&nbsp;&nbsp; 102020 |
| Mastercard, Inc. - Class A | 2803 | &nbsp;&nbsp;&nbsp; 1400547 |
| ORIX Corp.  | 1000 | &nbsp;&nbsp;&nbsp; 29960 |
| PayPal Holdings, Inc.  | 2769 | &nbsp;&nbsp;&nbsp; 125242 |
| Poste Italiane SpA | 3820 | &nbsp;&nbsp;&nbsp; 89875 |
| Rocket Cos., Inc. - Class A (a) | 536 | &nbsp;&nbsp;&nbsp; 7638 |
| Visa, Inc. - Class A | 8129 | &nbsp;&nbsp;&nbsp; 2456909 |
|  |  | &nbsp;&nbsp;&nbsp; 6002063 |

---

**BHFTI-287**

------

**Brighthouse Funds Trust I**

**Schroders Global Multi-Asset Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Food Products — 0.2%** | **Food Products — 0.2%** | **Food Products — 0.2%** |
| Ajinomoto Co., Inc.  | 7400 | &nbsp;&nbsp;&nbsp; $207486 |
| Archer-Daniels-Midland Co.  | 446 | &nbsp;&nbsp;&nbsp; 32420 |
| Chocoladefabriken Lindt & Spruengli AG (Participation Certificate) | 1 | &nbsp;&nbsp;&nbsp; 14042 |
| Danone SA | 581 | &nbsp;&nbsp;&nbsp; 46661 |
| General Mills, Inc.  | 678 | &nbsp;&nbsp;&nbsp; 25235 |
| Hershey Co.  | 84 | &nbsp;&nbsp;&nbsp; 17463 |
| JDE Peet's NV | 314 | &nbsp;&nbsp;&nbsp; 11561 |
| Magnum Ice Cream Co. NV (a) | 728 | &nbsp;&nbsp;&nbsp; 10686 |
| Mondelez International, Inc. - Class A | 4532 | &nbsp;&nbsp;&nbsp; 261224 |
| Nestle SA (b) | 6814 | &nbsp;&nbsp;&nbsp; 675873 |
| WH Group Ltd.  | 4500 | &nbsp;&nbsp;&nbsp; 5930 |
|  |  | &nbsp;&nbsp;&nbsp; 1308581 |
| **Gas Utilities — 0.1%** | **Gas Utilities — 0.1%** | **Gas Utilities — 0.1%** |
| Atmos Energy Corp.  | 1072 | &nbsp;&nbsp;&nbsp; 198020 |
| Hong Kong & China Gas Co. Ltd.  | 17857 | &nbsp;&nbsp;&nbsp; 16368 |
| Italgas SpA | 25478 | &nbsp;&nbsp;&nbsp; 296758 |
| Osaka Gas Co. Ltd.  | 300 | &nbsp;&nbsp;&nbsp; 12166 |
| Tokyo Gas Co. Ltd.  | 400 | &nbsp;&nbsp;&nbsp; 18887 |
|  |  | &nbsp;&nbsp;&nbsp; 542199 |
| **Ground Transportation — 0.3%** | **Ground Transportation — 0.3%** | **Ground Transportation — 0.3%** |
| Canadian National Railway Co.  | 485 | &nbsp;&nbsp;&nbsp; 49919 |
| Canadian Pacific Kansas City Ltd.  | 2375 | &nbsp;&nbsp;&nbsp; 186896 |
| Central Japan Railway Co.  | 500 | &nbsp;&nbsp;&nbsp; 12948 |
| CSX Corp.  | 1466 | &nbsp;&nbsp;&nbsp; 60179 |
| East Japan Railway Co.  | 600 | &nbsp;&nbsp;&nbsp; 13693 |
| Hankyu Hanshin Holdings, Inc.  | 400 | &nbsp;&nbsp;&nbsp; 11563 |
| MTR Corp. Ltd.  | 2000 | &nbsp;&nbsp;&nbsp; 8208 |
| Norfolk Southern Corp.  | 194 | &nbsp;&nbsp;&nbsp; 55678 |
| Old Dominion Freight Line, Inc.  | 153 | &nbsp;&nbsp;&nbsp; 29896 |
| Uber Technologies, Inc. (a) (b) | 8958 | &nbsp;&nbsp;&nbsp; 644349 |
| Union Pacific Corp.  | 1495 | &nbsp;&nbsp;&nbsp; 362717 |
| West Japan Railway Co.  | 800 | &nbsp;&nbsp;&nbsp; 15890 |
|  |  | &nbsp;&nbsp;&nbsp; 1451936 |
| **Health Care Equipment & Supplies — 0.7%** | **Health Care Equipment & Supplies — 0.7%** | **Health Care Equipment & Supplies — 0.7%** |
| Abbott Laboratories | 4308 | &nbsp;&nbsp;&nbsp; 442303 |
| Alcon AG | 214 | &nbsp;&nbsp;&nbsp; 16055 |
| Becton Dickinson & Co.  | 262 | &nbsp;&nbsp;&nbsp; 41194 |
| Boston Scientific Corp. (a) | 7339 | &nbsp;&nbsp;&nbsp; 460522 |
| Cochlear Ltd.  | 104 | &nbsp;&nbsp;&nbsp; 12213 |
| Dexcom, Inc. (a) | 211 | &nbsp;&nbsp;&nbsp; 13251 |
| Edwards Lifesciences Corp. (a) (b) | 3691 | &nbsp;&nbsp;&nbsp; 295575 |
| EssilorLuxottica SA | 929 | &nbsp;&nbsp;&nbsp; 216211 |
| GE HealthCare Technologies, Inc.  | 446 | &nbsp;&nbsp;&nbsp; 31746 |
| Hologic, Inc. (a) | 292 | &nbsp;&nbsp;&nbsp; 22072 |
| Hoya Corp.  | 1200 | &nbsp;&nbsp;&nbsp; 206995 |
| IDEXX Laboratories, Inc. (a) | 210 | &nbsp;&nbsp;&nbsp; 117997 |
| Intuitive Surgical, Inc. (a) | 1802 | &nbsp;&nbsp;&nbsp; 830704 |
| Koninklijke Philips NV | 855 | &nbsp;&nbsp;&nbsp; 23418 |
| Medtronic PLC | 3902 | &nbsp;&nbsp;&nbsp; 338108 |
| Olympus Corp.  | 800 | &nbsp;&nbsp;&nbsp; 7616 |
| ResMed, Inc. (b) | 870 | &nbsp;&nbsp;&nbsp; 195298 |
| Stryker Corp.  | 1957 | &nbsp;&nbsp;&nbsp; 643051 |
| Sysmex Corp.  | 600 | &nbsp;&nbsp;&nbsp; 5231 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Health Care Equipment & Supplies—(Continued)** | **Health Care Equipment & Supplies—(Continued)** | **Health Care Equipment & Supplies—(Continued)** |
| Zimmer Biomet Holdings, Inc.  | 192 | &nbsp;&nbsp;&nbsp; $17361 |
|  |  | &nbsp;&nbsp;&nbsp; 3936921 |
| **Health Care Providers & Services — 0.7%** | **Health Care Providers & Services — 0.7%** | **Health Care Providers & Services — 0.7%** |
| Cardinal Health, Inc.  | 2237 | &nbsp;&nbsp;&nbsp; 472700 |
| Cencora, Inc.  | 1448 | &nbsp;&nbsp;&nbsp; 454875 |
| Centene Corp. (a) | 296 | &nbsp;&nbsp;&nbsp; 9691 |
| Cigna Group | 524 | &nbsp;&nbsp;&nbsp; 139777 |
| CVS Health Corp.  | 3394 | &nbsp;&nbsp;&nbsp; 243757 |
| Elevance Health, Inc.  | 467 | &nbsp;&nbsp;&nbsp; 136714 |
| Fresenius Medical Care AG | 349 | &nbsp;&nbsp;&nbsp; 15528 |
| HCA Healthcare, Inc.  | 1307 | &nbsp;&nbsp;&nbsp; 618525 |
| Hims & Hers Health, Inc. (a) (b) | 3062 | &nbsp;&nbsp;&nbsp; 63567 |
| Humana, Inc.  | 119 | &nbsp;&nbsp;&nbsp; 20633 |
| McKesson Corp.  | 692 | &nbsp;&nbsp;&nbsp; 598829 |
| Quest Diagnostics, Inc.  | 992 | &nbsp;&nbsp;&nbsp; 194412 |
| UnitedHealth Group, Inc.  | 2222 | &nbsp;&nbsp;&nbsp; 601251 |
|  |  | &nbsp;&nbsp;&nbsp; 3570259 |
| **Health Care REITs — 0.3%** | **Health Care REITs — 0.3%** | **Health Care REITs — 0.3%** |
| CareTrust REIT, Inc. (b) | 4243 | &nbsp;&nbsp;&nbsp; 155506 |
| Omega Healthcare Investors, Inc.  | 4663 | &nbsp;&nbsp;&nbsp; 204333 |
| Sabra Health Care REIT, Inc. (b) | 8173 | &nbsp;&nbsp;&nbsp; 157167 |
| Ventas, Inc. (b) | 7326 | &nbsp;&nbsp;&nbsp; 599120 |
| Welltower, Inc.  | 2762 | &nbsp;&nbsp;&nbsp; 546075 |
|  |  | &nbsp;&nbsp;&nbsp; 1662201 |
| **Health Care Technology — 0.0%** | **Health Care Technology — 0.0%** | **Health Care Technology — 0.0%** |
| Veeva Systems, Inc. - Class A (a) | 223 | &nbsp;&nbsp;&nbsp; 39172 |
| **Hotels, Restaurants & Leisure — 0.6%** | **Hotels, Restaurants & Leisure — 0.6%** | **Hotels, Restaurants & Leisure — 0.6%** |
| Accor SA | 172 | &nbsp;&nbsp;&nbsp; 8241 |
| Airbnb, Inc. - Class A (a) | 317 | &nbsp;&nbsp;&nbsp; 40031 |
| Amadeus IT Group SA | 570 | &nbsp;&nbsp;&nbsp; 32402 |
| Aristocrat Leisure Ltd.  | 820 | &nbsp;&nbsp;&nbsp; 26055 |
| Booking Holdings, Inc.  | 215 | &nbsp;&nbsp;&nbsp; 905219 |
| Carnival Corp.  | 586 | &nbsp;&nbsp;&nbsp; 15166 |
| Chipotle Mexican Grill, Inc. (a) | 2196 | &nbsp;&nbsp;&nbsp; 70294 |
| Compass Group PLC | 1393 | &nbsp;&nbsp;&nbsp; 38703 |
| Delivery Hero SE (a) | 220 | &nbsp;&nbsp;&nbsp; 3926 |
| DoorDash, Inc. - Class A (a) | 1077 | &nbsp;&nbsp;&nbsp; 161711 |
| Evolution AB | 224 | &nbsp;&nbsp;&nbsp; 13970 |
| Expedia Group, Inc.  | 89 | &nbsp;&nbsp;&nbsp; 20549 |
| Flutter Entertainment PLC - Class DI (a) | 220 | &nbsp;&nbsp;&nbsp; 22512 |
| Galaxy Entertainment Group Ltd.  | 4000 | &nbsp;&nbsp;&nbsp; 18033 |
| Hilton Worldwide Holdings, Inc.  | 852 | &nbsp;&nbsp;&nbsp; 259076 |
| InterContinental Hotels Group PLC | 798 | &nbsp;&nbsp;&nbsp; 105098 |
| Las Vegas Sands Corp.  | 183 | &nbsp;&nbsp;&nbsp; 9860 |
| Marriott International, Inc. - Class A | 151 | &nbsp;&nbsp;&nbsp; 49388 |
| McDonald's Corp.  | 1898 | &nbsp;&nbsp;&nbsp; 589879 |
| Oriental Land Co. Ltd.  | 900 | &nbsp;&nbsp;&nbsp; 15321 |
| Royal Caribbean Cruises Ltd. (b) | 866 | &nbsp;&nbsp;&nbsp; 238306 |
| Starbucks Corp.  | 2338 | &nbsp;&nbsp;&nbsp; 209461 |
| Texas Roadhouse, Inc. (b) | 1457 | &nbsp;&nbsp;&nbsp; 240609 |
| Yum! Brands, Inc.  | 237 | &nbsp;&nbsp;&nbsp; 36849 |

---

**BHFTI-288**

------

**Brighthouse Funds Trust I**

**Schroders Global Multi-Asset Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Hotels, Restaurants & Leisure—(Continued)** | **Hotels, Restaurants & Leisure—(Continued)** | **Hotels, Restaurants & Leisure—(Continued)** |
| Zensho Holdings Co. Ltd.  | 100 | &nbsp;&nbsp;&nbsp; $5801 |
|  |  | &nbsp;&nbsp;&nbsp; 3136460 |
| **Household Durables — 0.2%** | **Household Durables — 0.2%** | **Household Durables — 0.2%** |
| DR Horton, Inc.  | 776 | &nbsp;&nbsp;&nbsp; 106482 |
| Garmin Ltd.  | 579 | &nbsp;&nbsp;&nbsp; 134334 |
| Lennar Corp. - Class A | 285 | &nbsp;&nbsp;&nbsp; 24749 |
| NVR, Inc. (a) | 30 | &nbsp;&nbsp;&nbsp; 197695 |
| Panasonic Holdings Corp.  | 1900 | &nbsp;&nbsp;&nbsp; 31548 |
| PulteGroup, Inc.  | 457 | &nbsp;&nbsp;&nbsp; 53748 |
| Sony Group Corp.  | 14300 | &nbsp;&nbsp;&nbsp; 294957 |
| Sumitomo Forestry Co. Ltd.  | 3400 | &nbsp;&nbsp;&nbsp; 30818 |
|  |  | &nbsp;&nbsp;&nbsp; 874331 |
| **Household Products — 0.4%** | **Household Products — 0.4%** | **Household Products — 0.4%** |
| Clorox Co.  | 165 | &nbsp;&nbsp;&nbsp; 17099 |
| Colgate-Palmolive Co.  | 3508 | &nbsp;&nbsp;&nbsp; 298987 |
| Essity AB - Class B | 1138 | &nbsp;&nbsp;&nbsp; 29336 |
| Kimberly-Clark Corp.  | 579 | &nbsp;&nbsp;&nbsp; 55856 |
| Procter & Gamble Co.  | 11222 | &nbsp;&nbsp;&nbsp; 1620906 |
| Reckitt Benckiser Group PLC | 1926 | &nbsp;&nbsp;&nbsp; 130703 |
|  |  | &nbsp;&nbsp;&nbsp; 2152887 |
| **Independent Power and Renewable Electricity Producers — 0.0%** | **Independent Power and Renewable Electricity Producers — 0.0%** | **Independent Power and Renewable Electricity Producers — 0.0%** |
| RWE AG | 592 | &nbsp;&nbsp;&nbsp; 39429 |
| Vistra Corp.  | 1042 | &nbsp;&nbsp;&nbsp; 156644 |
|  |  | &nbsp;&nbsp;&nbsp; 196073 |
| **Industrial Conglomerates — 0.2%** | **Industrial Conglomerates — 0.2%** | **Industrial Conglomerates — 0.2%** |
| 3M Co.  | 1123 | &nbsp;&nbsp;&nbsp; 163093 |
| CK Hutchison Holdings Ltd.  | 2500 | &nbsp;&nbsp;&nbsp; 19214 |
| Hitachi Ltd.  | 17100 | &nbsp;&nbsp;&nbsp; 499758 |
| Honeywell International, Inc.  | 438 | &nbsp;&nbsp;&nbsp; 99001 |
| Lifco AB - B Shares | 602 | &nbsp;&nbsp;&nbsp; 18113 |
| Sekisui Chemical Co. Ltd.  | 900 | &nbsp;&nbsp;&nbsp; 15005 |
| Siemens AG | 2107 | &nbsp;&nbsp;&nbsp; 499760 |
|  |  | &nbsp;&nbsp;&nbsp; 1313944 |
| **Industrial REITs — 0.1%** | **Industrial REITs — 0.1%** | **Industrial REITs — 0.1%** |
| Goodman Group | 1690 | &nbsp;&nbsp;&nbsp; 30085 |
| Prologis, Inc.  | 2895 | &nbsp;&nbsp;&nbsp; 382661 |
|  |  | &nbsp;&nbsp;&nbsp; 412746 |
| **Insurance — 1.1%** | **Insurance — 1.1%** | **Insurance — 1.1%** |
| Aflac, Inc.  | 1581 | &nbsp;&nbsp;&nbsp; 173451 |
| AIA Group Ltd.  | 28200 | &nbsp;&nbsp;&nbsp; 316795 |
| Allianz SE | 1113 | &nbsp;&nbsp;&nbsp; 461214 |
| Allstate Corp.  | 227 | &nbsp;&nbsp;&nbsp; 47066 |
| American International Group, Inc.  | 1064 | &nbsp;&nbsp;&nbsp; 80066 |
| Aon PLC - Class A | 341 | &nbsp;&nbsp;&nbsp; 110068 |
| Arthur J Gallagher & Co.  | 191 | &nbsp;&nbsp;&nbsp; 41367 |
| ASR Nederland NV | 1811 | &nbsp;&nbsp;&nbsp; 124763 |
| Assurant, Inc.  | 642 | &nbsp;&nbsp;&nbsp; 139834 |
| AXA SA | 6510 | &nbsp;&nbsp;&nbsp; 298455 |
| Axis Capital Holdings Ltd.  | 607 | &nbsp;&nbsp;&nbsp; 61556 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Insurance—(Continued)** | **Insurance—(Continued)** | **Insurance—(Continued)** |
| Chubb Ltd.  | 3187 | &nbsp;&nbsp;&nbsp; $1038739 |
| Dai-ichi Life Holdings, Inc.  | 12400 | &nbsp;&nbsp;&nbsp; 113312 |
| Fairfax Financial Holdings Ltd.  | 40 | &nbsp;&nbsp;&nbsp; 68157 |
| Generali | 5005 | &nbsp;&nbsp;&nbsp; 201805 |
| Globe Life, Inc.  | 560 | &nbsp;&nbsp;&nbsp; 77935 |
| Great-West Lifeco, Inc.  | 2119 | &nbsp;&nbsp;&nbsp; 99240 |
| Hannover Rueck SE | 88 | &nbsp;&nbsp;&nbsp; 27236 |
| Hartford Insurance Group, Inc.  | 1507 | &nbsp;&nbsp;&nbsp; 203792 |
| Japan Post Holdings Co. Ltd.  | 800 | &nbsp;&nbsp;&nbsp; 9178 |
| Manulife Financial Corp.  | 6822 | &nbsp;&nbsp;&nbsp; 235001 |
| Markel Group, Inc. (a) | 29 | &nbsp;&nbsp;&nbsp; 55508 |
| Marsh & McLennan Cos., Inc.  | 448 | &nbsp;&nbsp;&nbsp; 77706 |
| MS&AD Insurance Group Holdings, Inc.  | 900 | &nbsp;&nbsp;&nbsp; 23553 |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 387 | &nbsp;&nbsp;&nbsp; 241074 |
| NN Group NV | 1405 | &nbsp;&nbsp;&nbsp; 109901 |
| Progressive Corp.  | 2791 | &nbsp;&nbsp;&nbsp; 553288 |
| Prudential PLC | 2830 | &nbsp;&nbsp;&nbsp; 39465 |
| Sompo Holdings, Inc.  | 500 | &nbsp;&nbsp;&nbsp; 19537 |
| Sun Life Financial, Inc.  | 2098 | &nbsp;&nbsp;&nbsp; 131436 |
| Swiss Re AG | 239 | &nbsp;&nbsp;&nbsp; 39911 |
| T&D Holdings, Inc.  | 3800 | &nbsp;&nbsp;&nbsp; 96581 |
| Tokio Marine Holdings, Inc.  | 3900 | &nbsp;&nbsp;&nbsp; 182121 |
| Travelers Cos., Inc.  | 150 | &nbsp;&nbsp;&nbsp; 43752 |
| W.R. Berkley Corp.  | 406 | &nbsp;&nbsp;&nbsp; 26910 |
| Willis Towers Watson PLC | 134 | &nbsp;&nbsp;&nbsp; 38954 |
| Zurich Insurance Group AG | 388 | &nbsp;&nbsp;&nbsp; 276644 |
|  |  | &nbsp;&nbsp;&nbsp; 5885371 |
| **Interactive Media & Services — 3.2%** | **Interactive Media & Services — 3.2%** | **Interactive Media & Services — 3.2%** |
| Alphabet, Inc. - Class A | 27414 | &nbsp;&nbsp;&nbsp; 7883170 |
| Alphabet, Inc. - Class C | 14751 | &nbsp;&nbsp;&nbsp; 4231472 |
| Autotrader Group PLC | 1467 | &nbsp;&nbsp;&nbsp; 9176 |
| Bilibili, Inc. (ADR) (a) (b) | 2513 | &nbsp;&nbsp;&nbsp; 56693 |
| LY Corp.  | 5200 | &nbsp;&nbsp;&nbsp; 12603 |
| Meta Platforms, Inc. - Class A | 8248 | &nbsp;&nbsp;&nbsp; 4718928 |
| Pinterest, Inc. - Class A (a) | 774 | &nbsp;&nbsp;&nbsp; 14195 |
| Reddit, Inc. - Class A (a) | 1518 | &nbsp;&nbsp;&nbsp; 204399 |
| Snap, Inc. - Class A (a) | 223 | &nbsp;&nbsp;&nbsp; 1026 |
| Tencent Holdings Ltd.  | 1600 | &nbsp;&nbsp;&nbsp; 101011 |
|  |  | &nbsp;&nbsp;&nbsp; 17232673 |
| **IT Services — 0.5%** | **IT Services — 0.5%** | **IT Services — 0.5%** |
| Accenture PLC - Class A | 1395 | &nbsp;&nbsp;&nbsp; 276615 |
| Cloudflare, Inc. - Class A (a) | 1187 | &nbsp;&nbsp;&nbsp; 244926 |
| Cognizant Technology Solutions Corp. - Class A | 387 | &nbsp;&nbsp;&nbsp; 23742 |
| CoreWeave, Inc. - Class A (a) (b) | 133 | &nbsp;&nbsp;&nbsp; 10304 |
| Fujitsu Ltd.  | 1300 | &nbsp;&nbsp;&nbsp; 26419 |
| Gartner, Inc. (a) | 93 | &nbsp;&nbsp;&nbsp; 14726 |
| Indra Sistemas SA | 1910 | &nbsp;&nbsp;&nbsp; 105247 |
| International Business Machines Corp. (b) | 2269 | &nbsp;&nbsp;&nbsp; 549983 |
| MongoDB, Inc. (a) | 69 | &nbsp;&nbsp;&nbsp; 16889 |
| NEC Corp.  | 900 | &nbsp;&nbsp;&nbsp; 22422 |
| Obic Co. Ltd.  | 600 | &nbsp;&nbsp;&nbsp; 14621 |
| Okta, Inc. (a) | 1618 | &nbsp;&nbsp;&nbsp; 127353 |
| Shopify, Inc. - Class A (a) | 5518 | &nbsp;&nbsp;&nbsp; 654650 |
| Snowflake, Inc. - Class A (a) | 2834 | &nbsp;&nbsp;&nbsp; 427424 |

---

**BHFTI-289**

------

**Brighthouse Funds Trust I**

**Schroders Global Multi-Asset Portfolio**

**Consolidated 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)** |
| Twilio, Inc. - Class A (a) | 181 | &nbsp;&nbsp;&nbsp; $22773 |
| VeriSign, Inc.  | 138 | &nbsp;&nbsp;&nbsp; 34274 |
|  |  | &nbsp;&nbsp;&nbsp; 2572368 |
| **Leisure Products — 0.0%** | **Leisure Products — 0.0%** | **Leisure Products — 0.0%** |
| Bandai Namco Holdings, Inc.  | 400 | &nbsp;&nbsp;&nbsp; 9880 |
| Shimano, Inc.  | 100 | &nbsp;&nbsp;&nbsp; 10479 |
|  |  | &nbsp;&nbsp;&nbsp; 20359 |
| **Life Sciences Tools & Services — 0.3%** | **Life Sciences Tools & Services — 0.3%** | **Life Sciences Tools & Services — 0.3%** |
| Agilent Technologies, Inc.  | 413 | &nbsp;&nbsp;&nbsp; 47074 |
| Danaher Corp.  | 1359 | &nbsp;&nbsp;&nbsp; 257666 |
| Illumina, Inc. (a) | 129 | &nbsp;&nbsp;&nbsp; 15901 |
| IQVIA Holdings, Inc. (a) | 124 | &nbsp;&nbsp;&nbsp; 21147 |
| Lonza Group AG (b) | 49 | &nbsp;&nbsp;&nbsp; 31350 |
| Qiagen NV | 205 | &nbsp;&nbsp;&nbsp; 8212 |
| Thermo Fisher Scientific, Inc.  | 1746 | &nbsp;&nbsp;&nbsp; 858211 |
| Waters Corp. (a) | 1279 | &nbsp;&nbsp;&nbsp; 380886 |
| West Pharmaceutical Services, Inc.  | 95 | &nbsp;&nbsp;&nbsp; 23811 |
|  |  | &nbsp;&nbsp;&nbsp; 1644258 |
| **Machinery — 1.1%** | **Machinery — 1.1%** | **Machinery — 1.1%** |
| Atlas Copco AB - A Shares | 3227 | &nbsp;&nbsp;&nbsp; 56760 |
| Caterpillar, Inc.  | 1424 | &nbsp;&nbsp;&nbsp; 1008847 |
| Cummins, Inc.  | 734 | &nbsp;&nbsp;&nbsp; 394907 |
| Daimler Truck Holding AG | 562 | &nbsp;&nbsp;&nbsp; 26791 |
| Deere & Co.  | 1097 | &nbsp;&nbsp;&nbsp; 617940 |
| Ebara Corp.  | 6300 | &nbsp;&nbsp;&nbsp; 177518 |
| FANUC Corp. (b) | 800 | &nbsp;&nbsp;&nbsp; 27863 |
| Flowserve Corp. (b) | 951 | &nbsp;&nbsp;&nbsp; 69908 |
| Fortive Corp. (b) | 8377 | &nbsp;&nbsp;&nbsp; 463081 |
| HD Korea Shipbuilding & Offshore Engineering Co. Ltd.  | 137 | &nbsp;&nbsp;&nbsp; 31271 |
| Hitachi Construction Machinery Co. Ltd.  | 3300 | &nbsp;&nbsp;&nbsp; 112906 |
| IHI Corp.  | 700 | &nbsp;&nbsp;&nbsp; 14306 |
| Illinois Tool Works, Inc.  | 841 | &nbsp;&nbsp;&nbsp; 218904 |
| IMI PLC | 1367 | &nbsp;&nbsp;&nbsp; 46604 |
| Indutrade AB | 312 | &nbsp;&nbsp;&nbsp; 7215 |
| Ingersoll Rand, Inc.  | 232 | &nbsp;&nbsp;&nbsp; 18588 |
| Kawasaki Heavy Industries Ltd.  | 500 | &nbsp;&nbsp;&nbsp; 9487 |
| Komatsu Ltd.  | 6400 | &nbsp;&nbsp;&nbsp; 251232 |
| Konecranes OYJ | 3252 | &nbsp;&nbsp;&nbsp; 106272 |
| Kubota Corp.  | 500 | &nbsp;&nbsp;&nbsp; 7889 |
| Kurita Water Industries Ltd.  | 1400 | &nbsp;&nbsp;&nbsp; 66614 |
| Metso OYJ | 9382 | &nbsp;&nbsp;&nbsp; 162262 |
| Mitsubishi Heavy Industries Ltd.  | 8200 | &nbsp;&nbsp;&nbsp; 223691 |
| Otis Worldwide Corp.  | 470 | &nbsp;&nbsp;&nbsp; 36228 |
| PACCAR, Inc.  | 294 | &nbsp;&nbsp;&nbsp; 33957 |
| Parker-Hannifin Corp.  | 1344 | &nbsp;&nbsp;&nbsp; 1203203 |
| Sandvik AB | 642 | &nbsp;&nbsp;&nbsp; 24534 |
| Techtronic Industries Co. Ltd.  | 1500 | &nbsp;&nbsp;&nbsp; 19966 |
| Toyota Industries Corp. (a) | 100 | &nbsp;&nbsp;&nbsp; 12866 |
| VAT Group AG | 17 | &nbsp;&nbsp;&nbsp; 10487 |
| Volvo AB - B Shares | 8372 | &nbsp;&nbsp;&nbsp; 273135 |
| Wartsila OYJ Abp | 710 | &nbsp;&nbsp;&nbsp; 26548 |
| Westinghouse Air Brake Technologies Corp.  | 116 | &nbsp;&nbsp;&nbsp; 28990 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Machinery—(Continued)** | **Machinery—(Continued)** | **Machinery—(Continued)** |
| Yangzijiang Shipbuilding Holdings Ltd.  | 63700 | &nbsp;&nbsp;&nbsp; $189283 |
|  |  | &nbsp;&nbsp;&nbsp; 5980053 |
| **Marine Transportation — 0.0%** | **Marine Transportation — 0.0%** | **Marine Transportation — 0.0%** |
| Kawasaki Kisen Kaisha Ltd.  | 500 | &nbsp;&nbsp;&nbsp; 8418 |
| Mitsui OSK Lines Ltd.  | 400 | &nbsp;&nbsp;&nbsp; 16555 |
| Nippon Yusen KK | 300 | &nbsp;&nbsp;&nbsp; 11011 |
|  |  | &nbsp;&nbsp;&nbsp; 35984 |
| **Media — 0.0%** | **Media — 0.0%** | **Media — 0.0%** |
| Charter Communications, Inc. - Class A (a) | 44 | &nbsp;&nbsp;&nbsp; 9499 |
| Fox Corp. - Class A | 445 | &nbsp;&nbsp;&nbsp; 25988 |
| Omnicom Group, Inc.  | 179 | &nbsp;&nbsp;&nbsp; 13480 |
| Publicis Groupe SA | 271 | &nbsp;&nbsp;&nbsp; 22412 |
| Trade Desk, Inc. - Class A (a) | 2881 | &nbsp;&nbsp;&nbsp; 65370 |
|  |  | &nbsp;&nbsp;&nbsp; 136749 |
| **Metals & Mining — 0.7%** | **Metals & Mining — 0.7%** | **Metals & Mining — 0.7%** |
| Agnico Eagle Mines Ltd.  | 413 | &nbsp;&nbsp;&nbsp; 83832 |
| Alamos Gold, Inc. - Class A | 3070 | &nbsp;&nbsp;&nbsp; 136584 |
| Anglo American PLC | 1059 | &nbsp;&nbsp;&nbsp; 44991 |
| ArcelorMittal SA | 261 | &nbsp;&nbsp;&nbsp; 13598 |
| B2Gold Corp.  | 14170 | &nbsp;&nbsp;&nbsp; 64377 |
| Barrick Mining Corp.  | 1328 | &nbsp;&nbsp;&nbsp; 54271 |
| BHP Group Ltd.  | 12685 | &nbsp;&nbsp;&nbsp; 463487 |
| Boliden AB (a) | 457 | &nbsp;&nbsp;&nbsp; 24258 |
| Commercial Metals Co.  | 971 | &nbsp;&nbsp;&nbsp; 59649 |
| Evolution Mining Ltd.  | 5490 | &nbsp;&nbsp;&nbsp; 49755 |
| Franco-Nevada Corp.  | 954 | &nbsp;&nbsp;&nbsp; 236220 |
| Freeport-McMoRan, Inc.  | 8870 | &nbsp;&nbsp;&nbsp; 521379 |
| Glencore PLC (a) | 8316 | &nbsp;&nbsp;&nbsp; 63368 |
| Gold Fields Ltd. (ADR) | 1283 | &nbsp;&nbsp;&nbsp; 58248 |
| Hudbay Minerals, Inc.  | 3386 | &nbsp;&nbsp;&nbsp; 70904 |
| JX Advanced Metals Corp.  | 400 | &nbsp;&nbsp;&nbsp; 8695 |
| KGHM Polska Miedz SA (a) | 774 | &nbsp;&nbsp;&nbsp; 56671 |
| Kinross Gold Corp.  | 4745 | &nbsp;&nbsp;&nbsp; 145069 |
| Mitsui Kinzoku Co. Ltd.  | 600 | &nbsp;&nbsp;&nbsp; 112509 |
| Newmont Corp.  | 3264 | &nbsp;&nbsp;&nbsp; 353328 |
| Nippon Steel Corp.  | 8000 | &nbsp;&nbsp;&nbsp; 29390 |
| Northern Star Resources Ltd.  | 4804 | &nbsp;&nbsp;&nbsp; 70133 |
| Nucor Corp.  | 833 | &nbsp;&nbsp;&nbsp; 140860 |
| Pan American Silver Corp.  | 307 | &nbsp;&nbsp;&nbsp; 16794 |
| Rio Tinto Ltd.  | 1174 | &nbsp;&nbsp;&nbsp; 131997 |
| Rio Tinto PLC | 3277 | &nbsp;&nbsp;&nbsp; 304603 |
| Steel Dynamics, Inc.  | 2571 | &nbsp;&nbsp;&nbsp; 462780 |
| Sumitomo Metal Mining Co. Ltd.  | 1500 | &nbsp;&nbsp;&nbsp; 86960 |
| Wheaton Precious Metals Corp.  | 204 | &nbsp;&nbsp;&nbsp; 26778 |
|  |  | &nbsp;&nbsp;&nbsp; 3891488 |
| **Multi-Utilities — 0.3%** | **Multi-Utilities — 0.3%** | **Multi-Utilities — 0.3%** |
| CenterPoint Energy, Inc.  | 3000 | &nbsp;&nbsp;&nbsp; 129480 |
| Consolidated Edison, Inc.  | 2515 | &nbsp;&nbsp;&nbsp; 284648 |
| Dominion Energy, Inc.  | 837 | &nbsp;&nbsp;&nbsp; 51743 |
| E.ON SE | 7714 | &nbsp;&nbsp;&nbsp; 168603 |
| Engie SA | 1584 | &nbsp;&nbsp;&nbsp; 51068 |

---

**BHFTI-290**

------

**Brighthouse Funds Trust I**

**Schroders Global Multi-Asset Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Multi-Utilities—(Continued)** | **Multi-Utilities—(Continued)** | **Multi-Utilities—(Continued)** |
| National Grid PLC | 23052 | &nbsp;&nbsp;&nbsp; $388632 |
| NiSource, Inc.  | 1616 | &nbsp;&nbsp;&nbsp; 75403 |
| Public Service Enterprise Group, Inc.  | 346 | &nbsp;&nbsp;&nbsp; 28009 |
| Sempra | 2116 | &nbsp;&nbsp;&nbsp; 205612 |
| WEC Energy Group, Inc.  | 608 | &nbsp;&nbsp;&nbsp; 70388 |
|  |  | &nbsp;&nbsp;&nbsp; 1453586 |
| **Oil, Gas & Consumable Fuels — 1.9%** | **Oil, Gas & Consumable Fuels — 1.9%** | **Oil, Gas & Consumable Fuels — 1.9%** |
| BP PLC | 37683 | &nbsp;&nbsp;&nbsp; 297040 |
| Cameco Corp.  | 1643 | &nbsp;&nbsp;&nbsp; 178674 |
| Canadian Natural Resources Ltd.  | 2279 | &nbsp;&nbsp;&nbsp; 111173 |
| Cenovus Energy, Inc.  | 1158 | &nbsp;&nbsp;&nbsp; 30733 |
| Cheniere Energy, Inc.  | 91 | &nbsp;&nbsp;&nbsp; 25822 |
| Chevron Corp.  | 5282 | &nbsp;&nbsp;&nbsp; 1092846 |
| ConocoPhillips | 12194 | &nbsp;&nbsp;&nbsp; 1609608 |
| Coterra Energy, Inc.  | 15597 | &nbsp;&nbsp;&nbsp; 548079 |
| Enbridge, Inc.  | 8626 | &nbsp;&nbsp;&nbsp; 467606 |
| ENEOS Holdings, Inc.  | 900 | &nbsp;&nbsp;&nbsp; 8031 |
| Eni SpA | 10929 | &nbsp;&nbsp;&nbsp; 310343 |
| EOG Resources, Inc.  | 3205 | &nbsp;&nbsp;&nbsp; 463347 |
| Expand Energy Corp.  | 205 | &nbsp;&nbsp;&nbsp; 22505 |
| Exxon Mobil Corp.  | 10854 | &nbsp;&nbsp;&nbsp; 1841490 |
| Gaztransport Et Technigaz SA | 1213 | &nbsp;&nbsp;&nbsp; 282690 |
| Idemitsu Kosan Co. Ltd.  | 13400 | &nbsp;&nbsp;&nbsp; 130270 |
| Inpex Corp.  | 8400 | &nbsp;&nbsp;&nbsp; 246471 |
| Kinder Morgan, Inc.  | 1852 | &nbsp;&nbsp;&nbsp; 62098 |
| Marathon Petroleum Corp.  | 220 | &nbsp;&nbsp;&nbsp; 53720 |
| Neste OYJ | 504 | &nbsp;&nbsp;&nbsp; 16276 |
| Occidental Petroleum Corp.  | 630 | &nbsp;&nbsp;&nbsp; 40950 |
| OMV AG | 1272 | &nbsp;&nbsp;&nbsp; 92376 |
| ONEOK, Inc.  | 499 | &nbsp;&nbsp;&nbsp; 45105 |
| Phillips 66 Co.  | 349 | &nbsp;&nbsp;&nbsp; 63581 |
| Repsol SA | 6118 | &nbsp;&nbsp;&nbsp; 171892 |
| Santos Ltd.  | 4083 | &nbsp;&nbsp;&nbsp; 22423 |
| Shell PLC | 18171 | &nbsp;&nbsp;&nbsp; 848758 |
| Suncor Energy, Inc.  | 1426 | &nbsp;&nbsp;&nbsp; 94318 |
| Targa Resources Corp.  | 1051 | &nbsp;&nbsp;&nbsp; 263517 |
| TC Energy Corp.  | 1072 | &nbsp;&nbsp;&nbsp; 67128 |
| Texas Pacific Land Corp.  | 49 | &nbsp;&nbsp;&nbsp; 23253 |
| TotalEnergies SE | 5581 | &nbsp;&nbsp;&nbsp; 515312 |
| Valero Energy Corp.  | 230 | &nbsp;&nbsp;&nbsp; 56828 |
| Williams Cos., Inc.  | 5083 | &nbsp;&nbsp;&nbsp; 369941 |
| Woodside Energy Group Ltd.  | 2155 | &nbsp;&nbsp;&nbsp; 51398 |
|  |  | &nbsp;&nbsp;&nbsp; 10525602 |
| **Paper & Forest Products — 0.0%** | **Paper & Forest Products — 0.0%** | **Paper & Forest Products — 0.0%** |
| UPM-Kymmene OYJ | 949 | &nbsp;&nbsp;&nbsp; 29519 |
| **Passenger Airlines — 0.0%** | **Passenger Airlines — 0.0%** | **Passenger Airlines — 0.0%** |
| Deutsche Lufthansa AG | 7999 | &nbsp;&nbsp;&nbsp; 66024 |
| **Personal Care Products — 0.1%** | **Personal Care Products — 0.1%** | **Personal Care Products — 0.1%** |
| Estee Lauder Cos., Inc. - Class A | 2289 | &nbsp;&nbsp;&nbsp; 164281 |
| Kao Corp.  | 300 | &nbsp;&nbsp;&nbsp; 11723 |
| Kenvue, Inc.  | 1287 | &nbsp;&nbsp;&nbsp; 22188 |
| L'Oreal SA | 552 | &nbsp;&nbsp;&nbsp; 226356 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Personal Care Products—(Continued)** | **Personal Care Products—(Continued)** | **Personal Care Products—(Continued)** |
| Shiseido Co. Ltd.  | 100 | &nbsp;&nbsp;&nbsp; $2051 |
| Unilever PLC | 5465 | &nbsp;&nbsp;&nbsp; 306405 |
|  |  | &nbsp;&nbsp;&nbsp; 733004 |
| **Pharmaceuticals — 2.1%** | **Pharmaceuticals — 2.1%** | **Pharmaceuticals — 2.1%** |
| Astellas Pharma, Inc.  | 13700 | &nbsp;&nbsp;&nbsp; 223680 |
| AstraZeneca PLC | 4095 | &nbsp;&nbsp;&nbsp; 799828 |
| Bayer AG | 605 | &nbsp;&nbsp;&nbsp; 27504 |
| Bristol-Myers Squibb Co.  | 16542 | &nbsp;&nbsp;&nbsp; 1003272 |
| Chugai Pharmaceutical Co. Ltd.  | 500 | &nbsp;&nbsp;&nbsp; 27664 |
| Daiichi Sankyo Co. Ltd.  | 1200 | &nbsp;&nbsp;&nbsp; 21157 |
| Elanco Animal Health, Inc. (a) (b) | 13055 | &nbsp;&nbsp;&nbsp; 312406 |
| Eli Lilly & Co.  | 2690 | &nbsp;&nbsp;&nbsp; 2474181 |
| Galderma Group AG | 95 | &nbsp;&nbsp;&nbsp; 18417 |
| GSK PLC | 12693 | &nbsp;&nbsp;&nbsp; 348104 |
| Haleon PLC | 6390 | &nbsp;&nbsp;&nbsp; 31630 |
| Johnson & Johnson | 10389 | &nbsp;&nbsp;&nbsp; 2539487 |
| Merck & Co., Inc.  | 6264 | &nbsp;&nbsp;&nbsp; 753497 |
| Novartis AG | 5936 | &nbsp;&nbsp;&nbsp; 901260 |
| Novo Nordisk AS - Class B | 7829 | &nbsp;&nbsp;&nbsp; 288492 |
| Orion OYJ - Class B | 2864 | &nbsp;&nbsp;&nbsp; 231627 |
| Otsuka Holdings Co. Ltd.  | 200 | &nbsp;&nbsp;&nbsp; 14117 |
| Pfizer, Inc.  | 14251 | &nbsp;&nbsp;&nbsp; 400168 |
| Recordati Industria Chimica e Farmaceutica SpA | 1506 | &nbsp;&nbsp;&nbsp; 85668 |
| Roche Holding AG | 1525 | &nbsp;&nbsp;&nbsp; 602170 |
| Sandoz Group AG | 459 | &nbsp;&nbsp;&nbsp; 36003 |
| Sanofi SA | 1847 | &nbsp;&nbsp;&nbsp; 178154 |
| Sumitomo Pharma Co. Ltd. (a) | 2200 | &nbsp;&nbsp;&nbsp; 29334 |
| Takeda Pharmaceutical Co. Ltd.  | 1600 | &nbsp;&nbsp;&nbsp; 59025 |
| Teva Pharmaceutical Industries Ltd. (ADR) (a) | 793 | &nbsp;&nbsp;&nbsp; 23885 |
| UCB SA | 61 | &nbsp;&nbsp;&nbsp; 18374 |
| Zoetis, Inc.  | 330 | &nbsp;&nbsp;&nbsp; 39009 |
|  |  | &nbsp;&nbsp;&nbsp; 11488113 |
| **Professional Services — 0.1%** | **Professional Services — 0.1%** | **Professional Services — 0.1%** |
| Automatic Data Processing, Inc.  | 669 | &nbsp;&nbsp;&nbsp; 135927 |
| Experian PLC | 888 | &nbsp;&nbsp;&nbsp; 30866 |
| Paychex, Inc.  | 248 | &nbsp;&nbsp;&nbsp; 22846 |
| Recruit Holdings Co. Ltd.  | 4200 | &nbsp;&nbsp;&nbsp; 181696 |
| RELX PLC | 1299 | &nbsp;&nbsp;&nbsp; 42827 |
| Verisk Analytics, Inc.  | 80 | &nbsp;&nbsp;&nbsp; 15180 |
|  |  | &nbsp;&nbsp;&nbsp; 429342 |
| **Real Estate Management & Development — 0.1%** | **Real Estate Management & Development — 0.1%** | **Real Estate Management & Development — 0.1%** |
| Azrieli Group Ltd.  | 57 | &nbsp;&nbsp;&nbsp; 7634 |
| CBRE Group, Inc. - Class A (a) | 1853 | &nbsp;&nbsp;&nbsp; 251007 |
| CK Asset Holdings Ltd.  | 3500 | &nbsp;&nbsp;&nbsp; 19993 |
| CoStar Group, Inc. (a) | 200 | &nbsp;&nbsp;&nbsp; 8068 |
| Jones Lang LaSalle, Inc. (a) | 252 | &nbsp;&nbsp;&nbsp; 76689 |
| Mitsubishi Estate Co. Ltd.  | 4800 | &nbsp;&nbsp;&nbsp; 132822 |
| Mitsui Fudosan Co. Ltd.  | 2400 | &nbsp;&nbsp;&nbsp; 25403 |
| Sumitomo Realty & Development Co. Ltd.  | 300 | &nbsp;&nbsp;&nbsp; 8435 |
| Sun Hung Kai Properties Ltd.  | 500 | &nbsp;&nbsp;&nbsp; 8475 |
| Wharf Real Estate Investment Co. Ltd.  | 2000 | &nbsp;&nbsp;&nbsp; 5798 |

---

**BHFTI-291**

------

**Brighthouse Funds Trust I**

**Schroders Global Multi-Asset Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Real Estate Management & Development—(Continued)** | **Real Estate Management & Development—(Continued)** | **Real Estate Management & Development—(Continued)** |
| Zillow Group, Inc. - Class C (a) | 172 | &nbsp;&nbsp;&nbsp; $7117 |
|  |  | &nbsp;&nbsp;&nbsp; 551441 |
| **Retail REITs — 0.1%** | **Retail REITs — 0.1%** | **Retail REITs — 0.1%** |
| Realty Income Corp.  | 796 | &nbsp;&nbsp;&nbsp; 48699 |
| Simon Property Group, Inc.  | 1486 | &nbsp;&nbsp;&nbsp; 277184 |
|  |  | &nbsp;&nbsp;&nbsp; 325883 |
| **Semiconductors & Semiconductor Equipment — 5.7%** | **Semiconductors & Semiconductor Equipment — 5.7%** | **Semiconductors & Semiconductor Equipment — 5.7%** |
| Advanced Micro Devices, Inc. (a) | 8085 | &nbsp;&nbsp;&nbsp; 1644732 |
| Advantest Corp.  | 2100 | &nbsp;&nbsp;&nbsp; 284121 |
| Analog Devices, Inc.  | 1249 | &nbsp;&nbsp;&nbsp; 397357 |
| Applied Materials, Inc.  | 2090 | &nbsp;&nbsp;&nbsp; 714341 |
| ASM International NV | 115 | &nbsp;&nbsp;&nbsp; 87599 |
| ASML Holding NV | 979 | &nbsp;&nbsp;&nbsp; 1295841 |
| Astera Labs, Inc. (a) | 81 | &nbsp;&nbsp;&nbsp; 8878 |
| BE Semiconductor Industries NV | 50 | &nbsp;&nbsp;&nbsp; 10549 |
| Broadcom, Inc.  | 17948 | &nbsp;&nbsp;&nbsp; 5555085 |
| Credo Technology Group Holding Ltd. (a) | 91 | &nbsp;&nbsp;&nbsp; 8542 |
| Disco Corp.  | 100 | &nbsp;&nbsp;&nbsp; 40070 |
| Enphase Energy, Inc. (a) | 1607 | &nbsp;&nbsp;&nbsp; 60761 |
| First Solar, Inc. (a) | 1376 | &nbsp;&nbsp;&nbsp; 271430 |
| Infineon Technologies AG | 937 | &nbsp;&nbsp;&nbsp; 41170 |
| Intel Corp. (a) | 9927 | &nbsp;&nbsp;&nbsp; 438079 |
| Kioxia Holdings Corp. (a) | 1000 | &nbsp;&nbsp;&nbsp; 127126 |
| KLA Corp.  | 774 | &nbsp;&nbsp;&nbsp; 1139645 |
| Lam Research Corp.  | 5678 | &nbsp;&nbsp;&nbsp; 1213161 |
| Marvell Technology, Inc.  | 2470 | &nbsp;&nbsp;&nbsp; 244653 |
| Microchip Technology, Inc.  | 399 | &nbsp;&nbsp;&nbsp; 25779 |
| Micron Technology, Inc.  | 2841 | &nbsp;&nbsp;&nbsp; 959803 |
| Monolithic Power Systems, Inc.  | 140 | &nbsp;&nbsp;&nbsp; 153069 |
| NVIDIA Corp.  | 85692 | &nbsp;&nbsp;&nbsp; 14944685 |
| NXP Semiconductors NV | 579 | &nbsp;&nbsp;&nbsp; 113982 |
| Qnity Electronics, Inc. - Class W/I | 164 | &nbsp;&nbsp;&nbsp; 18922 |
| QUALCOMM, Inc.  | 2333 | &nbsp;&nbsp;&nbsp; 300444 |
| Rambus, Inc. (a) | 517 | &nbsp;&nbsp;&nbsp; 44478 |
| Renesas Electronics Corp.  | 1400 | &nbsp;&nbsp;&nbsp; 19881 |
| SCREEN Holdings Co. Ltd.  | 200 | &nbsp;&nbsp;&nbsp; 11784 |
| SK Hynix, Inc.  | 108 | &nbsp;&nbsp;&nbsp; 58740 |
| STMicroelectronics NV | 652 | &nbsp;&nbsp;&nbsp; 22382 |
| Taiwan Semiconductor Manufacturing Co. Ltd. (ADR) | 470 | &nbsp;&nbsp;&nbsp; 158837 |
| Teradyne, Inc.  | 127 | &nbsp;&nbsp;&nbsp; 37650 |
| Texas Instruments, Inc.  | 3484 | &nbsp;&nbsp;&nbsp; 676384 |
| Tokyo Electron Ltd.  | 1000 | &nbsp;&nbsp;&nbsp; 244552 |
|  |  | &nbsp;&nbsp;&nbsp; 31374512 |
| **Software — 2.8%** | **Software — 2.8%** | **Software — 2.8%** |
| Adobe, Inc. (a) | 1792 | &nbsp;&nbsp;&nbsp; 435599 |
| AppLovin Corp. - Class A (a) | 553 | &nbsp;&nbsp;&nbsp; 220094 |
| Atlassian Corp. - Class A (a) | 190 | &nbsp;&nbsp;&nbsp; 12968 |
| Autodesk, Inc. (a) | 691 | &nbsp;&nbsp;&nbsp; 165426 |
| Cadence Design Systems, Inc. (a) | 1528 | &nbsp;&nbsp;&nbsp; 424585 |
| Check Point Software Technologies Ltd. (a) | 57 | &nbsp;&nbsp;&nbsp; 8143 |
| Clear Secure, Inc. - Class A | 1443 | &nbsp;&nbsp;&nbsp; 69856 |
| Constellation Software, Inc.  | 28 | &nbsp;&nbsp;&nbsp; 49152 |
| Crowdstrike Holdings, Inc. - Class A (a) | 947 | &nbsp;&nbsp;&nbsp; 369718 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Software—(Continued)** | **Software—(Continued)** | **Software—(Continued)** |
| Datadog, Inc. - Class A (a) | 1103 | &nbsp;&nbsp;&nbsp; $130209 |
| Fair Isaac Corp. (a) | 16 | &nbsp;&nbsp;&nbsp; 17081 |
| Fortinet, Inc. (a) | 467 | &nbsp;&nbsp;&nbsp; 38163 |
| HubSpot, Inc. (a) | 67 | &nbsp;&nbsp;&nbsp; 16355 |
| Intuit, Inc.  | 1426 | &nbsp;&nbsp;&nbsp; 616574 |
| IREN Ltd. (a) | 232 | &nbsp;&nbsp;&nbsp; 7953 |
| Microsoft Corp.  | 25123 | &nbsp;&nbsp;&nbsp; 9299781 |
| Nebius Group NV (a) | 136 | &nbsp;&nbsp;&nbsp; 14111 |
| Oracle Corp.  | 4065 | &nbsp;&nbsp;&nbsp; 598002 |
| Palantir Technologies, Inc. - Class A (a) | 6246 | &nbsp;&nbsp;&nbsp; 913665 |
| Palo Alto Networks, Inc. (a) | 2412 | &nbsp;&nbsp;&nbsp; 386692 |
| Roper Technologies, Inc.  | 105 | &nbsp;&nbsp;&nbsp; 37155 |
| Sage Group PLC | 1893 | &nbsp;&nbsp;&nbsp; 21142 |
| Salesforce, Inc. (b) | 2278 | &nbsp;&nbsp;&nbsp; 425234 |
| SAP SE | 2584 | &nbsp;&nbsp;&nbsp; 437298 |
| ServiceNow, Inc. (a) | 2718 | &nbsp;&nbsp;&nbsp; 284167 |
| Strategy, Inc. - Class A (a) (b) | 555 | &nbsp;&nbsp;&nbsp; 69264 |
| Synopsys, Inc. (a) | 357 | &nbsp;&nbsp;&nbsp; 141543 |
| WiseTech Global Ltd.  | 298 | &nbsp;&nbsp;&nbsp; 8134 |
| Workday, Inc. - Class A (a) | 145 | &nbsp;&nbsp;&nbsp; 18838 |
| Xero Ltd. (a) | 163 | &nbsp;&nbsp;&nbsp; 8719 |
| Zscaler, Inc. (a) | 740 | &nbsp;&nbsp;&nbsp; 103815 |
|  |  | &nbsp;&nbsp;&nbsp; 15349436 |
| **Specialized REITs — 0.1%** | **Specialized REITs — 0.1%** | **Specialized REITs — 0.1%** |
| American Tower Corp.  | 331 | &nbsp;&nbsp;&nbsp; 57124 |
| Crown Castle, Inc.  | 391 | &nbsp;&nbsp;&nbsp; 31792 |
| Digital Realty Trust, Inc.  | 1089 | &nbsp;&nbsp;&nbsp; 196249 |
| Equinix, Inc.  | 284 | &nbsp;&nbsp;&nbsp; 278388 |
| Gaming & Leisure Properties, Inc.  | 590 | &nbsp;&nbsp;&nbsp; 26178 |
| Iron Mountain, Inc.  | 262 | &nbsp;&nbsp;&nbsp; 26761 |
| Public Storage | 172 | &nbsp;&nbsp;&nbsp; 46591 |
| SBA Communications Corp.  | 114 | &nbsp;&nbsp;&nbsp; 19621 |
| Weyerhaeuser Co.  | 1019 | &nbsp;&nbsp;&nbsp; 24894 |
|  |  | &nbsp;&nbsp;&nbsp; 707598 |
| **Specialty Retail — 0.6%** | **Specialty Retail — 0.6%** | **Specialty Retail — 0.6%** |
| AutoZone, Inc. (a) | 64 | &nbsp;&nbsp;&nbsp; 216178 |
| Carvana Co. (a) (b) | 495 | &nbsp;&nbsp;&nbsp; 155618 |
| Fast Retailing Co. Ltd.  | 100 | &nbsp;&nbsp;&nbsp; 39801 |
| Home Depot, Inc.  | 2539 | &nbsp;&nbsp;&nbsp; 835052 |
| Industria de Diseno Textil SA | 2467 | &nbsp;&nbsp;&nbsp; 141842 |
| Lowe's Cos., Inc.  | 807 | &nbsp;&nbsp;&nbsp; 190678 |
| Nitori Holdings Co. Ltd.  | 500 | &nbsp;&nbsp;&nbsp; 7941 |
| O'Reilly Automotive, Inc. (a) | 7032 | &nbsp;&nbsp;&nbsp; 649124 |
| Ross Stores, Inc.  | 249 | &nbsp;&nbsp;&nbsp; 53941 |
| Signet Jewelers Ltd.  | 814 | &nbsp;&nbsp;&nbsp; 68897 |
| TJX Cos., Inc.  | 6661 | &nbsp;&nbsp;&nbsp; 1063762 |
| Ulta Beauty, Inc. (a) | 130 | &nbsp;&nbsp;&nbsp; 67952 |
| Williams-Sonoma, Inc.  | 121 | &nbsp;&nbsp;&nbsp; 22062 |
|  |  | &nbsp;&nbsp;&nbsp; 3512848 |
| **Technology Hardware, Storage & Peripherals — 2.4%** | **Technology Hardware, Storage & Peripherals — 2.4%** | **Technology Hardware, Storage & Peripherals — 2.4%** |
| Apple, Inc.  | 47001 | &nbsp;&nbsp;&nbsp; 11928384 |
| Canon, Inc.  | 400 | &nbsp;&nbsp;&nbsp; 11140 |
| Dell Technologies, Inc. - Class C | 547 | &nbsp;&nbsp;&nbsp; 89779 |

---

**BHFTI-292**

------

**Brighthouse Funds Trust I**

**Schroders Global Multi-Asset Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Technology Hardware, Storage & Peripherals—(Continued)** | **Technology Hardware, Storage & Peripherals—(Continued)** | **Technology Hardware, Storage & Peripherals—(Continued)** |
| Everpure, Inc. - Class A (a) | 3392 | &nbsp;&nbsp;&nbsp; $200264 |
| FUJIFILM Holdings Corp.  | 1000 | &nbsp;&nbsp;&nbsp; 19006 |
| Hewlett Packard Enterprise Co.  | 967 | &nbsp;&nbsp;&nbsp; 23024 |
| HP, Inc.  | 1109 | &nbsp;&nbsp;&nbsp; 21304 |
| IonQ, Inc. (a) | 212 | &nbsp;&nbsp;&nbsp; 6112 |
| Logitech International SA | 216 | &nbsp;&nbsp;&nbsp; 19736 |
| Sandisk Corp. (a) | 99 | &nbsp;&nbsp;&nbsp; 62899 |
| Seagate Technology Holdings PLC | 648 | &nbsp;&nbsp;&nbsp; 253860 |
| Super Micro Computer, Inc. (a) | 454 | &nbsp;&nbsp;&nbsp; 10337 |
| Western Digital Corp.  | 1044 | &nbsp;&nbsp;&nbsp; 282391 |
|  |  | &nbsp;&nbsp;&nbsp; 12928236 |
| **Textiles, Apparel & Luxury Goods — 0.3%** | **Textiles, Apparel & Luxury Goods — 0.3%** | **Textiles, Apparel & Luxury Goods — 0.3%** |
| adidas AG | 88 | &nbsp;&nbsp;&nbsp; 13868 |
| Asics Corp.  | 4200 | &nbsp;&nbsp;&nbsp; 111683 |
| Cie Financiere Richemont SA - Class A | 437 | &nbsp;&nbsp;&nbsp; 77870 |
| Deckers Outdoor Corp. (a) | 81 | &nbsp;&nbsp;&nbsp; 8107 |
| Gildan Activewear, Inc.  | 530 | &nbsp;&nbsp;&nbsp; 29516 |
| Hermes International SCA | 75 | &nbsp;&nbsp;&nbsp; 143243 |
| Kering SA | 62 | &nbsp;&nbsp;&nbsp; 18748 |
| Lululemon Athletica, Inc. (a) | 103 | &nbsp;&nbsp;&nbsp; 15769 |
| LVMH Moet Hennessy Louis Vuitton SE | 569 | &nbsp;&nbsp;&nbsp; 316287 |
| NIKE, Inc. - Class B | 2255 | &nbsp;&nbsp;&nbsp; 119109 |
| Tapestry, Inc.  | 3884 | &nbsp;&nbsp;&nbsp; 548071 |
|  |  | &nbsp;&nbsp;&nbsp; 1402271 |
| **Tobacco — 0.1%** | **Tobacco — 0.1%** | **Tobacco — 0.1%** |
| Altria Group, Inc.  | 995 | &nbsp;&nbsp;&nbsp; 65660 |
| British American Tobacco PLC | 1366 | &nbsp;&nbsp;&nbsp; 79571 |
| Imperial Brands PLC | 623 | &nbsp;&nbsp;&nbsp; 25356 |
| Japan Tobacco, Inc.  | 900 | &nbsp;&nbsp;&nbsp; 34533 |
| Philip Morris International, Inc.  | 953 | &nbsp;&nbsp;&nbsp; 157569 |
|  |  | &nbsp;&nbsp;&nbsp; 362689 |
| **Trading Companies & Distributors — 0.4%** | **Trading Companies & Distributors — 0.4%** | **Trading Companies & Distributors — 0.4%** |
| AerCap Holdings NV | 203 | &nbsp;&nbsp;&nbsp; 27848 |
| Fastenal Co.  | 10634 | &nbsp;&nbsp;&nbsp; 493418 |
| Ferguson Enterprises, Inc.  | 828 | &nbsp;&nbsp;&nbsp; 193387 |
| ITOCHU Corp.  | 20800 | &nbsp;&nbsp;&nbsp; 264377 |
| Marubeni Corp.  | 1000 | &nbsp;&nbsp;&nbsp; 36771 |
| Mitsubishi Corp.  | 10100 | &nbsp;&nbsp;&nbsp; 346846 |
| Mitsui & Co. Ltd.  | 6100 | &nbsp;&nbsp;&nbsp; 234852 |
| Rexel SA | 1029 | &nbsp;&nbsp;&nbsp; 40244 |
| Sumitomo Corp.  | 4900 | &nbsp;&nbsp;&nbsp; 182373 |
| Sunbelt Rentals Holdings, Inc.  | 547 | &nbsp;&nbsp;&nbsp; 34931 |
| Toyota Tsusho Corp.  | 2600 | &nbsp;&nbsp;&nbsp; 101740 |
| United Rentals, Inc.  | 181 | &nbsp;&nbsp;&nbsp; 131869 |
| WESCO International, Inc.  | 134 | &nbsp;&nbsp;&nbsp; 36665 |
| WW Grainger, Inc.  | 115 | &nbsp;&nbsp;&nbsp; 125443 |
|  |  | &nbsp;&nbsp;&nbsp; 2250764 |
| **Transportation Infrastructure — 0.0%** | **Transportation Infrastructure — 0.0%** | **Transportation Infrastructure — 0.0%** |
| Aena SME SA | 5809 | &nbsp;&nbsp;&nbsp; 172964 |
| Transurban Group | 2367 | &nbsp;&nbsp;&nbsp; 23004 |
|  |  | &nbsp;&nbsp;&nbsp; 195968 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Water Utilities — 0.0%** | **Water Utilities — 0.0%** | **Water Utilities — 0.0%** |
| American Water Works Co., Inc. (b) | 245 | &nbsp;&nbsp;&nbsp; $33342 |
| United Utilities Group PLC | 11068 | &nbsp;&nbsp;&nbsp; 193495 |
|  |  | &nbsp;&nbsp;&nbsp; 226837 |
| **Wireless Telecommunication Services — 0.2%** | **Wireless Telecommunication Services — 0.2%** | **Wireless Telecommunication Services — 0.2%** |
| KDDI Corp.  | 20300 | &nbsp;&nbsp;&nbsp; 347636 |
| SoftBank Corp.  | 23600 | &nbsp;&nbsp;&nbsp; 31495 |
| SoftBank Group Corp.  | 8000 | &nbsp;&nbsp;&nbsp; 192273 |
| Tele2 AB - B Shares | 513 | &nbsp;&nbsp;&nbsp; 10545 |
| T-Mobile U.S., Inc.  | 2466 | &nbsp;&nbsp;&nbsp; 517934 |
| Vodafone Group PLC | 102582 | &nbsp;&nbsp;&nbsp; 155542 |
|  |  | &nbsp;&nbsp;&nbsp; 1255425 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $195,325,833) <br>|  | &nbsp;&nbsp;&nbsp; 249984214 |

---

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

---

| | | |
|:---|:---|:---|
| **Corporate Bonds & Notes—39.9%** | **Corporate Bonds & Notes—39.9%** | **Corporate Bonds & Notes—39.9%** |
| **Aerospace/Defense — 1.2%** | **Aerospace/Defense — 1.2%** | **Aerospace/Defense — 1.2%** |
| Boeing Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 02/01/35 | 2000000 | &nbsp;&nbsp;&nbsp; 1714322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.805%, 05/01/50 (b) | 500000 | &nbsp;&nbsp;&nbsp; 483363 |
| Honeywell Aerospace, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 03/16/36 (144A) (b) | 854000 | &nbsp;&nbsp;&nbsp; 847341 |
| Howmet Aerospace, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 11/15/32 (b) | 659000 | &nbsp;&nbsp;&nbsp; 650465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 10/15/31 (b) | 789000 | &nbsp;&nbsp;&nbsp; 798013 |
| RTX Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.900%, 09/01/31 (b) | 1000000 | &nbsp;&nbsp;&nbsp; 870262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.400%, 03/15/54 (b) | 1000000 | &nbsp;&nbsp;&nbsp; 1078314 |
|  |  | &nbsp;&nbsp;&nbsp; 6442080 |
| **Agriculture — 0.3%** | **Agriculture — 0.3%** | **Agriculture — 0.3%** |
| BAT Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.390%, 08/15/37 (b) | 1303000 | &nbsp;&nbsp;&nbsp; 1183825 |
| Philip Morris International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 04/30/30 | 560000 | &nbsp;&nbsp;&nbsp; 557008 |
|  |  | &nbsp;&nbsp;&nbsp; 1740833 |
| **Apparel — 0.3%** | **Apparel — 0.3%** | **Apparel — 0.3%** |
| Tapestry, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.050%, 03/15/32 | 600000 | &nbsp;&nbsp;&nbsp; 543451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/11/35 (b) | 1235000 | &nbsp;&nbsp;&nbsp; 1237129 |
|  |  | &nbsp;&nbsp;&nbsp; 1780580 |
| **Auto Manufacturers — 1.7%** | **Auto Manufacturers — 1.7%** | **Auto Manufacturers — 1.7%** |
| BMW U.S. Capital LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 08/11/35 (144A) (b) | 335000 | &nbsp;&nbsp;&nbsp; 331027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 03/21/35 (144A) | 738000 | &nbsp;&nbsp;&nbsp; 742424 |
| Daimler Truck Finance North America LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 01/13/35 (144A) | 1056000 | &nbsp;&nbsp;&nbsp; 1070919 |
| Ford Motor Credit Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 02/16/28 | 1136000 | &nbsp;&nbsp;&nbsp; 1089230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/13/30 | 200000 | &nbsp;&nbsp;&nbsp; 186120 |
| General Motors Financial Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.700%, 06/10/31 (b) | 480000 | &nbsp;&nbsp;&nbsp; 430601 |

---

**BHFTI-293**

------

**Brighthouse Funds Trust I**

**Schroders Global Multi-Asset Portfolio**

**Consolidated 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)** |
| General Motors Financial Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 09/06/34 (b) | 619000 | &nbsp;&nbsp;&nbsp; $613938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 02/08/31 | 647000 | &nbsp;&nbsp;&nbsp; 667588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 04/04/34 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2055025 |
| Mercedes-Benz Finance North America LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/10/31 (144A) (b) | 1026000 | &nbsp;&nbsp;&nbsp; 1013096 |
| Stellantis Finance U.S., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.450%, 03/18/35 (144A) | 1075000 | &nbsp;&nbsp;&nbsp; 1058943 |
|  |  | &nbsp;&nbsp;&nbsp; 9258911 |
| **Banks — 10.0%** | **Banks — 10.0%** | **Banks — 10.0%** |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.884%, 3M TSFR + 1.452%, 10/22/30 (b) (c) | 1649000 | &nbsp;&nbsp;&nbsp; 1559791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.972%, SOFR + 1.330%, 02/04/33 (b) (c) | 4836000 | &nbsp;&nbsp;&nbsp; 4377611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 5Y H15 + 2.760%, 01/27/27 (c) | 1097000 | &nbsp;&nbsp;&nbsp; 1083681 |
| Barclays PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.667%, 1Y H15 + 1.200%, 03/10/32 (c) | 629000 | &nbsp;&nbsp;&nbsp; 563970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.335%, SOFR + 1.910%, 09/10/35 (c) | 887000 | &nbsp;&nbsp;&nbsp; 879017 |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 5Y H15 + 2.853%, 12/15/33 (144A) (b) (c) | 440000 | &nbsp;&nbsp;&nbsp; 425168 |
| BPCE SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.389%, SOFR + 1.581%, 05/28/31 (144A) (b) (c) | 571000 | &nbsp;&nbsp;&nbsp; 578693 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.174%, SOFR + 1.488%, 09/11/36 (b) (c) | 989000 | &nbsp;&nbsp;&nbsp; 980388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 5Y H15 + 3.001%, 02/15/31 (c) | 682000 | &nbsp;&nbsp;&nbsp; 682512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 5Y H15 + 2.890%, 08/15/30 (c) | 496000 | &nbsp;&nbsp;&nbsp; 499501 |
| Credit Agricole SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.818%, SOFR + 1.360%, 09/25/33 (144A) (c) | 1258000 | &nbsp;&nbsp;&nbsp; 1232333 |
| Deutsche Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.469%, SOFR + 1.100%, 12/10/31 (b) (c) | 686000 | &nbsp;&nbsp;&nbsp; 674498 |
| HSBC Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.398%, SOFR + 0.990%, 03/10/30 (c) | 497000 | &nbsp;&nbsp;&nbsp; 493314 |
| ING Groep NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.803%, SOFR + 1.260%, 03/23/32 (c) | 1131000 | &nbsp;&nbsp;&nbsp; 1124228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.066%, SOFR + 1.230%, 03/25/31 (b) (c) | 1298000 | &nbsp;&nbsp;&nbsp; 1308983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.420%, SOFR + 1.610%, 03/23/37 (c) | 1131000 | &nbsp;&nbsp;&nbsp; 1127699 |
| Intesa Sanpaolo SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 06/20/33 (144A) (b) | 2344000 | &nbsp;&nbsp;&nbsp; 2539254 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.953%, SOFR + 1.065%, 02/04/32 (c) | 2080000 | &nbsp;&nbsp;&nbsp; 1831434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.739%, 3M TSFR + 1.510%, 10/15/30 (b) (c) | 3580000 | &nbsp;&nbsp;&nbsp; 3371685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, 5Y H15 + 2.850%, 06/01/26 (c) | 576000 | &nbsp;&nbsp;&nbsp; 573358 |
| KeyCorp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.550%, 10/01/29 (b) | 718000 | &nbsp;&nbsp;&nbsp; 671142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.305%, SOFR + 1.367%, 01/28/37 (b) (c) | 322000 | &nbsp;&nbsp;&nbsp; 315353 |
| Lloyds Banking Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.721%, 1Y H15 + 1.070%, 06/05/30 (b) (c) | 1523000 | &nbsp;&nbsp;&nbsp; 1572736 |
| M&T Bank Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.053%, SOFR + 1.850%, 01/27/34 (b) (c) | 673000 | &nbsp;&nbsp;&nbsp; 664741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 5Y H15 + 1.430%, 07/30/35 (b) (c) | 650000 | &nbsp;&nbsp;&nbsp; 647909 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.159%, 1Y H15 + 1.170%, 04/24/31 (b) (c) | 284000 | &nbsp;&nbsp;&nbsp; 288042 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.794%, SOFR + 1.034%, 02/13/32 (b) (c) | 949000 | &nbsp;&nbsp;&nbsp; 821776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.699%, SOFR + 1.143%, 01/22/31 (c) | 672000 | &nbsp;&nbsp;&nbsp; 623968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.943%, SOFR + 1.290%, 01/21/33 (c) | 4900000 | &nbsp;&nbsp;&nbsp; 4405777 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Banks—(Continued)** | **Banks—(Continued)** | **Banks—(Continued)** |
| Norinchukin Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.683%, 03/10/31 (144A) (b) | 674000 | &nbsp;&nbsp;&nbsp; $666302 |
| PNC Financial Services Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 5Y H15 + 3.238%, 09/15/27 (c) | 2070000 | &nbsp;&nbsp;&nbsp; 2074595 |
| Standard Chartered PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 1Y H15 + 1.200%, 08/12/36 (144A) (c) | 805000 | &nbsp;&nbsp;&nbsp; 793520 |
| Truist Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.950%, 06/05/30 (b) | 724000 | &nbsp;&nbsp;&nbsp; 652984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.711%, SOFR + 1.922%, 01/24/35 (c) | 640000 | &nbsp;&nbsp;&nbsp; 660188 |
| U.S. Bancorp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.839%, SOFR + 1.600%, 02/01/34 (c) | 2159000 | &nbsp;&nbsp;&nbsp; 2133690 |
| UBS AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.632%, SOFR + 1.110%, 02/16/32 (b) (c) | 1552000 | &nbsp;&nbsp;&nbsp; 1546659 |
| UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.091%, SOFR + 1.730%, 05/14/32 (144A) (b) (c) | 3617000 | &nbsp;&nbsp;&nbsp; 3317064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 5Y USD SOFR ICE Swap + 3.240%, 01/08/31 (144A) <br> (c)<br>| 636000 | &nbsp;&nbsp;&nbsp; 619320 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.350%, SOFR + 1.500%, 03/02/33 (b) (c) | 4923000 | &nbsp;&nbsp;&nbsp; 4520228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.389%, SOFR + 2.020%, 04/24/34 (b) (c) | 1920000 | &nbsp;&nbsp;&nbsp; 1948754 |
|  |  | &nbsp;&nbsp;&nbsp; 54851866 |
| **Beverages — 0.3%** | **Beverages — 0.3%** | **Beverages — 0.3%** |
| Bacardi-Martini BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/35 (144A) (b) | 771000 | &nbsp;&nbsp;&nbsp; 780564 |
| Constellation Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 11/01/35 (b) | 712000 | &nbsp;&nbsp;&nbsp; 687313 |
|  |  | &nbsp;&nbsp;&nbsp; 1467877 |
| **Building Materials — 0.2%** | **Building Materials — 0.2%** | **Building Materials — 0.2%** |
| Owens Corning |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 06/15/54 (b) | 1000000 | &nbsp;&nbsp;&nbsp; 986898 |
| **Chemicals — 0.3%** | **Chemicals — 0.3%** | **Chemicals — 0.3%** |
| LYB International Finance III LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 01/15/36 (b) | 702000 | &nbsp;&nbsp;&nbsp; 704320 |
| SNF Group SACA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.626%, 03/31/31 (144A) | 1133000 | &nbsp;&nbsp;&nbsp; 1146369 |
|  |  | &nbsp;&nbsp;&nbsp; 1850689 |
| **Computers — 0.4%** | **Computers — 0.4%** | **Computers — 0.4%** |
| Dell International LLC/EMC Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/15/31 (b) | 548000 | &nbsp;&nbsp;&nbsp; 541523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 02/15/36 (b) | 1156000 | &nbsp;&nbsp;&nbsp; 1130341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 04/01/32 (b) | 403000 | &nbsp;&nbsp;&nbsp; 409257 |
| Kyndryl Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.150%, 10/15/31 | 239000 | &nbsp;&nbsp;&nbsp; 199242 |
|  |  | &nbsp;&nbsp;&nbsp; 2280363 |
| **Cosmetics/Personal Care — 0.4%** | **Cosmetics/Personal Care — 0.4%** | **Cosmetics/Personal Care — 0.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International <br> U.S. LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 01/15/31 (144A) (b) | 1374000 | &nbsp;&nbsp;&nbsp; 1330081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 07/15/30 (144A) (b) | 664000 | &nbsp;&nbsp;&nbsp; 658493 |
|  |  | &nbsp;&nbsp;&nbsp; 1988574 |

---

**BHFTI-294**

------

**Brighthouse Funds Trust I**

**Schroders Global Multi-Asset Portfolio**

**Consolidated 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 — 2.5%** | **Diversified Financial Services — 2.5%** | **Diversified Financial Services — 2.5%** |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 12/15/31 | 1069000 | &nbsp;&nbsp;&nbsp; $1085832 |
| Aircastle Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 07/18/28 (144A) (b) | 1773000 | &nbsp;&nbsp;&nbsp; 1838171 |
| Ally Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.548%, SOFR + 1.780%, 07/31/33 (b) (c) | 813000 | &nbsp;&nbsp;&nbsp; 798592 |
| Atlas Warehouse Lending Co. LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 11/15/28 (144A) (b) | 250000 | &nbsp;&nbsp;&nbsp; 246217 |
| Aviation Capital Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 01/28/33 (144A) | 656000 | &nbsp;&nbsp;&nbsp; 633046 |
| Avolon Holdings Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 10/15/32 (144A) | 1978000 | &nbsp;&nbsp;&nbsp; 1926526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 01/15/30 (144A) | 1078000 | &nbsp;&nbsp;&nbsp; 1081894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 05/30/30 (144A) | 286000 | &nbsp;&nbsp;&nbsp; 289118 |
| Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.197%, SOFR + 1.630%, 09/11/36 (b) (c) | 495000 | &nbsp;&nbsp;&nbsp; 479868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.183%, SOFR + 2.036%, 01/30/36 (b) (c) | 333000 | &nbsp;&nbsp;&nbsp; 338712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 11/29/32 (b) | 1425000 | &nbsp;&nbsp;&nbsp; 1548189 |
| Gabx Leasing LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 04/15/36 (144A) | 496000 | &nbsp;&nbsp;&nbsp; 486875 |
| Jefferies Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/15/36 (b) | 446000 | &nbsp;&nbsp;&nbsp; 428068 |
| Stellantis Financial Services U.S. Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 09/15/30 (144A) (b) | 751000 | &nbsp;&nbsp;&nbsp; 737438 |
| Synchrony Financial |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, SOFR + 2.070%, 07/29/36 (b) (c) | 269000 | &nbsp;&nbsp;&nbsp; 265321 |
| Western Union Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 06/15/29 | 1352000 | &nbsp;&nbsp;&nbsp; 1339958 |
|  |  | &nbsp;&nbsp;&nbsp; 13523825 |
| **Electric — 2.4%** | **Electric — 2.4%** | **Electric — 2.4%** |
| Baltimore Gas & Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 06/01/53 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1880428 |
| Berkshire Hathaway Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 09/15/37 | 345000 | &nbsp;&nbsp;&nbsp; 371115 |
| Commonwealth Edison Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 06/01/55 (b) | 313000 | &nbsp;&nbsp;&nbsp; 317254 |
| ENEL Finance International NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/30/35 (144A) (b) | 763000 | &nbsp;&nbsp;&nbsp; 739937 |
| Entergy Arkansas LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 06/01/34 (b) | 978000 | &nbsp;&nbsp;&nbsp; 1006103 |
| Florida Power & Light Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 06/15/34 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 2056350 |
| PG&E Energy Recovery Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.280%, 01/15/38 | 1624000 | &nbsp;&nbsp;&nbsp; 1347196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.822%, 07/15/48 | 2151000 | &nbsp;&nbsp;&nbsp; 1585412 |
| Southern Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 10/01/35 (b) | 585000 | &nbsp;&nbsp;&nbsp; 565752 |
| Virginia Electric & Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 09/15/35 (b) | 1664000 | &nbsp;&nbsp;&nbsp; 1628027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 03/15/35 | 1843000 | &nbsp;&nbsp;&nbsp; 1839331 |
|  |  | &nbsp;&nbsp;&nbsp; 13336905 |
| **Electrical Components & Equipment — 0.1%** | **Electrical Components & Equipment — 0.1%** | **Electrical Components & Equipment — 0.1%** |
| Molex Electronic Technologies LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 04/30/32 (144A) | 320000 | &nbsp;&nbsp;&nbsp; 324211 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Electronics — 0.2%** | **Electronics — 0.2%** | **Electronics — 0.2%** |
| Keysight Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 07/30/30 | 871000 | &nbsp;&nbsp;&nbsp; $894772 |
| **Entertainment — 0.2%** | **Entertainment — 0.2%** | **Entertainment — 0.2%** |
| Flutter Treasury DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 06/04/31 (144A) (b) | 1268000 | &nbsp;&nbsp;&nbsp; 1256195 |
| **Food — 0.6%** | **Food — 0.6%** | **Food — 0.6%** |
| Flowers Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.400%, 03/15/31 (b) | 630000 | &nbsp;&nbsp;&nbsp; 532848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 03/15/35 (b) | 987000 | &nbsp;&nbsp;&nbsp; 942972 |
| Kellanova |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/01/33 (b) | 646000 | &nbsp;&nbsp;&nbsp; 659320 |
| Mars, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 03/01/35 (144A) (b) | 1000000 | &nbsp;&nbsp;&nbsp; 1009521 |
|  |  | &nbsp;&nbsp;&nbsp; 3144661 |
| **Healthcare-Services — 1.2%** | **Healthcare-Services — 1.2%** | **Healthcare-Services — 1.2%** |
| HCA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 07/15/31 | 2000000 | &nbsp;&nbsp;&nbsp; 1767522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/15/52 | 1220000 | &nbsp;&nbsp;&nbsp; 973917 |
| UnitedHealth Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 08/15/49 | 3334000 | &nbsp;&nbsp;&nbsp; 2397617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 07/15/34 | 1215000 | &nbsp;&nbsp;&nbsp; 1225359 |
|  |  | &nbsp;&nbsp;&nbsp; 6364415 |
| **Insurance — 3.8%** | **Insurance — 3.8%** | **Insurance — 3.8%** |
| American International Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 05/07/35 (b) | 533000 | &nbsp;&nbsp;&nbsp; 543647 |
| Assurant, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 02/15/36 (b) | 229000 | &nbsp;&nbsp;&nbsp; 229465 |
| Athene Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.322%, 11/13/31 (144A) (b) | 298000 | &nbsp;&nbsp;&nbsp; 294611 |
| Beacon Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.266%, 08/15/54 (144A) (b) | 1093000 | &nbsp;&nbsp;&nbsp; 1080144 |
| Belrose Funding Trust II |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.792%, 05/15/55 (144A) (b) | 694000 | &nbsp;&nbsp;&nbsp; 695095 |
| Chubb INA Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 08/15/35 (b) | 1118000 | &nbsp;&nbsp;&nbsp; 1100797 |
| CNA Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 08/15/35 (b) | 1113000 | &nbsp;&nbsp;&nbsp; 1089118 |
| Grand River Funding Trust I |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.311%, 02/15/36 (144A) (b) | 498000 | &nbsp;&nbsp;&nbsp; 502400 |
| Grand River Funding Trust II |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.280%, 02/15/56 (144A) | 657000 | &nbsp;&nbsp;&nbsp; 687222 |
| Hartford Insurance Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, 09/15/51 | 3318000 | &nbsp;&nbsp;&nbsp; 2056289 |
| Horace Mann Educators Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 10/01/30 | 449000 | &nbsp;&nbsp;&nbsp; 441871 |
| Lincoln Financial Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 01/13/30 (144A) (b) | 637000 | &nbsp;&nbsp;&nbsp; 646264 |
| Lincoln National Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 11/15/35 (b) | 659000 | &nbsp;&nbsp;&nbsp; 642330 |
| Manulife Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.986%, 12/11/35 | 588000 | &nbsp;&nbsp;&nbsp; 574439 |

---

**BHFTI-295**

------

**Brighthouse Funds Trust I**

**Schroders Global Multi-Asset Portfolio**

**Consolidated 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)** |
| MassMutual Global Funding II |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 09/17/31 (144A) (b) | 1516000 | &nbsp;&nbsp;&nbsp; $1487796 |
| Northwestern Mutual Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.170%, 05/29/55 (144A) (b) | 404000 | &nbsp;&nbsp;&nbsp; 414977 |
| Omnis Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.722%, 05/15/55 (144A) (b) | 1375000 | &nbsp;&nbsp;&nbsp; 1390019 |
| Pacific Life Global Funding II |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 07/17/32 (144A) (b) | 1841000 | &nbsp;&nbsp;&nbsp; 1846368 |
| Pricoa Global Funding I |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 08/26/32 (144A) (b) | 1119000 | &nbsp;&nbsp;&nbsp; 1105319 |
| Protective Life Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 01/15/31 (144A) (b) | 408000 | &nbsp;&nbsp;&nbsp; 404069 |
| Prudential Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 5Y H15 + 3.162%, 03/01/52 (b) (c) | 1827000 | &nbsp;&nbsp;&nbsp; 1748211 |
| Unum Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/15/49 (b) | 795000 | &nbsp;&nbsp;&nbsp; 628462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/15/54 (b) | 1010000 | &nbsp;&nbsp;&nbsp; 953145 |
|  |  | &nbsp;&nbsp;&nbsp; 20562058 |
| **Internet — 1.2%** | **Internet — 1.2%** | **Internet — 1.2%** |
| Alphabet, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 02/15/33 | 574000 | &nbsp;&nbsp;&nbsp; 566851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 02/15/36 | 574000 | &nbsp;&nbsp;&nbsp; 571541 |
| Amazon.com, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 11/20/35 (b) | 1469000 | &nbsp;&nbsp;&nbsp; 1440426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 11/20/55 | 2266000 | &nbsp;&nbsp;&nbsp; 2164639 |
| Beignet Investor LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.581%, 05/30/49 (144A) | 1146000 | &nbsp;&nbsp;&nbsp; 1178267 |
| Meta Platforms, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 11/15/32 | 254000 | &nbsp;&nbsp;&nbsp; 251508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 11/15/55 | 585000 | &nbsp;&nbsp;&nbsp; 548373 |
|  |  | &nbsp;&nbsp;&nbsp; 6721605 |
| **Investment Companies — 0.1%** | **Investment Companies — 0.1%** | **Investment Companies — 0.1%** |
| EQT AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 05/08/35 (144A) (b) | 538000 | &nbsp;&nbsp;&nbsp; 539188 |
| **Leisure Time — 0.4%** | **Leisure Time — 0.4%** | **Leisure Time — 0.4%** |
| Carnival Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/28 (144A) | 669000 | &nbsp;&nbsp;&nbsp; 653264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 05/01/29 (144A) | 691000 | &nbsp;&nbsp;&nbsp; 686012 |
| Royal Caribbean Cruises Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 01/15/36 (b) | 1168000 | &nbsp;&nbsp;&nbsp; 1147498 |
|  |  | &nbsp;&nbsp;&nbsp; 2486774 |
| **Machinery-Construction & Mining — 0.1%** | **Machinery-Construction & Mining — 0.1%** | **Machinery-Construction & Mining — 0.1%** |
| Vertiv Holdings Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 03/15/36 (b) | 511000 | &nbsp;&nbsp;&nbsp; 496880 |
| **Machinery-Diversified — 0.3%** | **Machinery-Diversified — 0.3%** | **Machinery-Diversified — 0.3%** |
| Ingersoll Rand, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 06/15/34 (b) | 1000000 | &nbsp;&nbsp;&nbsp; 1021074 |
| Regal Rexnord Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.400%, 04/15/33 | 500000 | &nbsp;&nbsp;&nbsp; 528495 |
|  |  | &nbsp;&nbsp;&nbsp; 1549569 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Media — 1.3%** | **Media — 1.3%** | **Media — 1.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications <br> Operating Capital<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 04/01/51 | 5173000 | &nbsp;&nbsp;&nbsp; $3201646 |
| Comcast Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.887%, 11/01/51 | 5000000 | &nbsp;&nbsp;&nbsp; 2890328 |
| Paramount Global |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 05/19/32 (b) | 1250000 | &nbsp;&nbsp;&nbsp; 1071593 |
|  |  | &nbsp;&nbsp;&nbsp; 7163567 |
| **Mining — 0.2%** | **Mining — 0.2%** | **Mining — 0.2%** |
| Anglo American Capital PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/19/31 (144A) | 575000 | &nbsp;&nbsp;&nbsp; 568417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/19/36 (144A) | 555000 | &nbsp;&nbsp;&nbsp; 542668 |
|  |  | &nbsp;&nbsp;&nbsp; 1111085 |
| **Oil & Gas — 1.5%** | **Oil & Gas — 1.5%** | **Oil & Gas — 1.5%** |
| BP Capital Markets PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 5Y H15 + 1.924%, 03/18/35 (b) (c) | 1059000 | &nbsp;&nbsp;&nbsp; 1068146 |
| Coterra Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 02/15/35 (b) | 825000 | &nbsp;&nbsp;&nbsp; 827630 |
| Eni SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 05/19/35 (144A) | 432000 | &nbsp;&nbsp;&nbsp; 448085 |
| Harbour Energy PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.327%, 04/01/35 (144A) (b) | 1098000 | &nbsp;&nbsp;&nbsp; 1125215 |
| HF Sinclair Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 01/15/35 (b) | 606000 | &nbsp;&nbsp;&nbsp; 625711 |
| Ovintiv, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 08/15/34 (b) | 638000 | &nbsp;&nbsp;&nbsp; 679943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/01/38 | 736000 | &nbsp;&nbsp;&nbsp; 771083 |
| Permian Resources Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 02/01/33 (144A) (b) | 380000 | &nbsp;&nbsp;&nbsp; 387082 |
| Phillips 66 Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 5Y H15 + 2.283%, 03/15/56 (b) (c) | 667000 | &nbsp;&nbsp;&nbsp; 656834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 5Y H15 + 2.166%, 03/15/56 (b) (c) | 500000 | &nbsp;&nbsp;&nbsp; 497754 |
| Repsol E&P Capital Markets U.S. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.204%, 09/16/30 (144A) (b) | 563000 | &nbsp;&nbsp;&nbsp; 567762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.976%, 09/16/35 (144A) | 558000 | &nbsp;&nbsp;&nbsp; 568004 |
|  |  | &nbsp;&nbsp;&nbsp; 8223249 |
| **Pharmaceuticals — 1.7%** | **Pharmaceuticals — 1.7%** | **Pharmaceuticals — 1.7%** |
| AbbVie, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 11/21/49 | 1500000 | &nbsp;&nbsp;&nbsp; 1217600 |
| CVS Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 02/21/33 (b) | 139000 | &nbsp;&nbsp;&nbsp; 140588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 02/21/53 (b) | 2432000 | &nbsp;&nbsp;&nbsp; 2228417 |
| Eli Lilly & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 08/14/34 (b) | 1500000 | &nbsp;&nbsp;&nbsp; 1484826 |
| Pfizer Investment Enterprises Pte. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 05/19/33 (b) | 672000 | &nbsp;&nbsp;&nbsp; 669440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 05/19/53 (b) | 2000000 | &nbsp;&nbsp;&nbsp; 1858740 |
| Viatris, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 06/22/40 | 1610000 | &nbsp;&nbsp;&nbsp; 1221938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/22/50 | 1205000 | &nbsp;&nbsp;&nbsp; 789766 |
|  |  | &nbsp;&nbsp;&nbsp; 9611315 |

---

**BHFTI-296**

------

**Brighthouse Funds Trust I**

**Schroders Global Multi-Asset Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Pipelines — 1.3%** | **Pipelines — 1.3%** | **Pipelines — 1.3%** |
| Cheniere Corpus Christi Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 11/15/29 | 1126000 | &nbsp;&nbsp;&nbsp; $1093967 |
| Cheniere Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 04/15/34 | 1045000 | &nbsp;&nbsp;&nbsp; 1075856 |
| Enbridge, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 5Y H15 + 3.122%, 03/15/55 (b) (c) | 500000 | &nbsp;&nbsp;&nbsp; 525266 |
| Energy Transfer LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 01/15/36 (b) | 684000 | &nbsp;&nbsp;&nbsp; 679250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 05/15/54 (b) | 513000 | &nbsp;&nbsp;&nbsp; 481028 |
| MPLX LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 09/15/35 (b) | 1008000 | &nbsp;&nbsp;&nbsp; 1003494 |
| Plains All American Pipeline LP/PAA Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 01/15/36 (b) | 509000 | &nbsp;&nbsp;&nbsp; 510649 |
| Sabine Pass Liquefaction LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/15/30 (b) | 1000000 | &nbsp;&nbsp;&nbsp; 992740 |
| Williams Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 03/15/36 (b) | 596000 | &nbsp;&nbsp;&nbsp; 587127 |
|  |  | &nbsp;&nbsp;&nbsp; 6949377 |
| **Real Estate Investment Trusts — 2.2%** | **Real Estate Investment Trusts — 2.2%** | **Real Estate Investment Trusts — 2.2%** |
| American Tower Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.100%, 06/15/30 (b) | 750000 | &nbsp;&nbsp;&nbsp; 674973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 01/31/35 (b) | 569000 | &nbsp;&nbsp;&nbsp; 574145 |
| Broadstone Net Lease LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/32 | 674000 | &nbsp;&nbsp;&nbsp; 662956 |
| Cousins Properties LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 03/01/33 (b) | 223000 | &nbsp;&nbsp;&nbsp; 214698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 07/15/30 | 594000 | &nbsp;&nbsp;&nbsp; 601813 |
| FIBRA Prologis |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 01/14/38 (144A) (b) | 592000 | &nbsp;&nbsp;&nbsp; 563134 |
| Highwoods Realty LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 04/15/29 | 500000 | &nbsp;&nbsp;&nbsp; 486184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 01/15/33 (b) | 159000 | &nbsp;&nbsp;&nbsp; 155247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.650%, 02/01/34 (b) | 317000 | &nbsp;&nbsp;&nbsp; 350996 |
| Host Hotels & Resorts LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/15/35 (b) | 412000 | &nbsp;&nbsp;&nbsp; 408760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 07/01/34 | 500000 | &nbsp;&nbsp;&nbsp; 505215 |
| Kilroy Realty LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/15/32 (b) | 500000 | &nbsp;&nbsp;&nbsp; 407092 |
| Kimco Realty OP LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 03/01/35 | 781000 | &nbsp;&nbsp;&nbsp; 765069 |
| Omega Healthcare Investors, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 04/15/33 (b) | 339000 | &nbsp;&nbsp;&nbsp; 298387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 02/01/31 (b) | 1186000 | &nbsp;&nbsp;&nbsp; 1096130 |
| Phillips Edison Grocery Center Operating Partnership I LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 08/15/32 | 658000 | &nbsp;&nbsp;&nbsp; 660715 |
| Piedmont Operating Partnership LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.150%, 08/15/30 | 750000 | &nbsp;&nbsp;&nbsp; 673983 |
| Prologis Targeted U.S. Logistics Fund LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/15/36 (144A) | 1147000 | &nbsp;&nbsp;&nbsp; 1099966 |
| Regency Centers LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 01/15/35 (b) | 1511000 | &nbsp;&nbsp;&nbsp; 1505961 |
| Trust Fibra Uno |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.700%, 01/23/32 (144A) | 518000 | &nbsp;&nbsp;&nbsp; 546143 |
|  |  | &nbsp;&nbsp;&nbsp; 12251567 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***/<br> **Shares**<br>| <br>**Value**<br>|
| **Retail — 0.1%** | **Retail — 0.1%** | **Retail — 0.1%** |
| Tractor Supply Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, 11/01/30 (b) | 632000 | &nbsp;&nbsp;&nbsp; $557121 |
| **Semiconductors — 0.3%** | **Semiconductors — 0.3%** | **Semiconductors — 0.3%** |
| Broadcom, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.137%, 11/15/35 (144A) | 935000 | &nbsp;&nbsp;&nbsp; 794363 |
| Foundry JV Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 01/25/33 (144A) | 315000 | &nbsp;&nbsp;&nbsp; 323855 |
| Intel Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 11/15/49 | 1000000 | &nbsp;&nbsp;&nbsp; 631798 |
|  |  | &nbsp;&nbsp;&nbsp; 1750016 |
| **Software — 2.0%** | **Software — 2.0%** | **Software — 2.0%** |
| Fidelity National Information Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 03/10/29 | 1248000 | &nbsp;&nbsp;&nbsp; 1242115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 03/10/31 | 657000 | &nbsp;&nbsp;&nbsp; 651843 |
| Fiserv, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 08/11/35 (b) | 502000 | &nbsp;&nbsp;&nbsp; 488202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/21/33 (b) | 750000 | &nbsp;&nbsp;&nbsp; 757029 |
| Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 04/01/40 (b) | 1328000 | &nbsp;&nbsp;&nbsp; 962771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 04/01/50 | 1000000 | &nbsp;&nbsp;&nbsp; 603728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, 03/25/41 | 611000 | &nbsp;&nbsp;&nbsp; 434827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/15/46 | 735000 | &nbsp;&nbsp;&nbsp; 494971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 02/04/29 (b) | 787000 | &nbsp;&nbsp;&nbsp; 777054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 09/27/34 (b) | 839000 | &nbsp;&nbsp;&nbsp; 765688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 09/26/32 (b) | 759000 | &nbsp;&nbsp;&nbsp; 722832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 05/04/33 | 502000 | &nbsp;&nbsp;&nbsp; 488686 |
| Roper Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 09/15/35 (b) | 670000 | &nbsp;&nbsp;&nbsp; 651493 |
| Salesforce, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 09/15/31 | 843000 | &nbsp;&nbsp;&nbsp; 841806 |
| Synopsys, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/32 (b) | 280000 | &nbsp;&nbsp;&nbsp; 282430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 04/01/35 (b) | 735000 | &nbsp;&nbsp;&nbsp; 736405 |
|  |  | &nbsp;&nbsp;&nbsp; 10901880 |
| **Telecommunications — 1.1%** | **Telecommunications — 1.1%** | **Telecommunications — 1.1%** |
| AT&T, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/41 (b) | 2658000 | &nbsp;&nbsp;&nbsp; 2061753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.550%, 09/15/55 | 1000000 | &nbsp;&nbsp;&nbsp; 650362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 03/01/39 (b) | 1000000 | &nbsp;&nbsp;&nbsp; 931319 |
| TELUS Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 05/13/32 (b) | 299000 | &nbsp;&nbsp;&nbsp; 272615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 5Y H15 + 2.515%, 06/09/56 (c) | 567000 | &nbsp;&nbsp;&nbsp; 552688 |
| Verizon Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.550%, 03/22/51 (b) | 2187000 | &nbsp;&nbsp;&nbsp; 1525812 |
|  |  | &nbsp;&nbsp;&nbsp; 5994549 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $223,761,037) <br>|  | &nbsp;&nbsp;&nbsp; 218363455 |

---

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

---

| | | |
|:---|:---|:---|
| **Investment Companies—2.5%** | **Investment Companies—2.5%** | **Investment Companies—2.5%** |
| **Exchange-Traded Funds — 2.5%** | **Exchange-Traded Funds — 2.5%** | **Exchange-Traded Funds — 2.5%** |
| VanEck Gold Miners ETF (b) | 27635 | &nbsp;&nbsp;&nbsp; 2536064 |

---

**BHFTI-297**

------

**Brighthouse Funds Trust I**

**Schroders Global Multi-Asset Portfolio**

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

**Investment Companies — (Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Exchange-Traded Funds—(Continued)** | **Exchange-Traded Funds—(Continued)** | **Exchange-Traded Funds—(Continued)** |
| VanEck J. P. Morgan EM Local Currency Bond ETF (b) | 450744 | &nbsp;&nbsp;&nbsp; $11318182 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $14,389,530) <br>|  | &nbsp;&nbsp;&nbsp; 13854246 |
| **Preferred Stocks—0.0%** | **Preferred Stocks—0.0%** | **Preferred Stocks—0.0%** |
| **Automobiles — 0.0%** | **Automobiles — 0.0%** | **Automobiles — 0.0%** |
| Porsche Automobil Holding SE | 368 | &nbsp;&nbsp;&nbsp; 13237 |
| Volkswagen AG | 215 | &nbsp;&nbsp;&nbsp; 21531 |
|  |  | &nbsp;&nbsp;&nbsp; 34768 |
| **Household Products — 0.0%** | **Household Products — 0.0%** | **Household Products — 0.0%** |
| Henkel AG & Co. KGaA | 289 | &nbsp;&nbsp;&nbsp; 22204 |
| **Life Sciences Tools & Services — 0.0%** | **Life Sciences Tools & Services — 0.0%** | **Life Sciences Tools & Services — 0.0%** |
| Sartorius AG | 35 | &nbsp;&nbsp;&nbsp; 8541 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Preferred Stocks <br>(Cost $73,037) <br>|  | &nbsp;&nbsp;&nbsp; 65513 |
| **Warrants—0.0%** | **Warrants—0.0%** | **Warrants—0.0%** |
| **Software — 0.0%** | **Software — 0.0%** | **Software — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Constellation Software, Inc., Expires 03/31/40 (a) <br>(Cost $0)<br>| 208 | &nbsp;&nbsp;&nbsp; 0 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—8.5%** | **Short-Term Investments—8.5%** | **Short-Term Investments—8.5%** |
| **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 on <br> 04/01/26, with a maturity value of $21,498,109; collateralized <br> by U.S. Treasury Notes at 3.750%, maturing 08/15/27, with a <br> market value of $21,926,725<br>| 21496616 | &nbsp;&nbsp;&nbsp; 21496616 |
| **U.S. Treasury—4.6%** | **U.S. Treasury—4.6%** | **U.S. Treasury—4.6%** |
| U.S. Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.570%, 05/28/26 (b) (d) | 25000000 | &nbsp;&nbsp;&nbsp; 24856024 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $46,355,304) <br>|  | &nbsp;&nbsp;&nbsp; 46352640 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (e)—9.7%** | **Securities Lending Reinvestments (e)—9.7%** | **Securities Lending Reinvestments (e)—9.7%** |
| **Short-Term Investment Funds—1.8%** | **Short-Term Investment Funds—1.8%** | **Short-Term Investment Funds—1.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (f)<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| &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; Invesco STIT-Government & Agency Portfolio, <br>Institutional Class 3.580% (f)<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares 3.580% (f)<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
|  |  | &nbsp;&nbsp;&nbsp; 10000000 |

---

&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—0.4%** | **Certificate of Deposit—0.4%** | **Certificate of Deposit—0.4%** |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.980%, SOFR + 0.350%, 05/14/26 (c) | 2000000 | &nbsp;&nbsp;&nbsp; $1999998 |
| **Commercial Paper—0.4%** | **Commercial Paper—0.4%** | **Commercial Paper—0.4%** |
| Verto Capital I-A LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 04/24/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1994836 |
| **Repurchase Agreements—6.2%** | **Repurchase Agreements—6.2%** | **Repurchase Agreements—6.2%** |
| 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 $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 $1,600,164; collateralized <br> by various Common Stock with an aggregate market value of <br> $1,779,650<br>| 1600000 | &nbsp;&nbsp;&nbsp; 1600000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.770%, due on <br> 04/01/26 with a maturity value of $2,000,210; collateralized <br> by various Common Stock with an aggregate market value of <br> $2,224,562<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| 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 $5,000,510; 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 $5,100,000<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 $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 |
| 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 $5,001,575; collateralized <br> by 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 $5,101,090<br>| 5001068 | &nbsp;&nbsp;&nbsp; 5001068 |
| 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 $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; 34101068 |

---

**BHFTI-298**

------

**Brighthouse Funds Trust I**

**Schroders Global Multi-Asset Portfolio**

**Consolidated 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—0.9%** | **Time Deposits—0.9%** | **Time Deposits—0.9%** |
| 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 |
| Svenska NY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
|  |  | &nbsp;&nbsp;&nbsp; 5000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $53,096,212) <br>|  | &nbsp;&nbsp;&nbsp; 53095902 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—106.3% <br>(Cost $533,000,953) <br>|  | &nbsp;&nbsp;&nbsp; 581715970 |
| Other assets and liabilities (net)—(6.3)%  |  | &nbsp;&nbsp;&nbsp; (34465401)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $547250569 |

---

&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 $124,007,083 and the collateral received consisted of cash in the <br> amount of $53,082,701 and non-cash collateral with a value of $74,007,138. The cash <br> collateral investments are disclosed in the Consolidated Schedule of Investments and <br> categorized as Securities Lending Reinvestments. The non-cash collateral received consists of <br> U.S. government securities that are held in safe-keeping by the lending agent, or a third-<br> party custodian, and cannot be sold or repledged by the Portfolio.<br>|
| (c) | 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>|
| (d) | The rate shown represents current yield to maturity. |
| (e) | Represents investment of cash collateral received from securities on loan as of March 31, <br> 2026.<br>|
| (f) | 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> $50,865,769, which is 9.3% of net assets.<br>|

---

**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; 2598000 | JPMC | 04/28/26 | USD | 1811312 | &nbsp;&nbsp; $(19373)<br>|
| CAD | &nbsp;&nbsp; 1418000 | JPMC | 04/28/26 | USD | 1033283 | &nbsp;&nbsp; (12734)<br>|
| CHF | &nbsp;&nbsp; 13902000 | GSI | 04/28/26 | USD | 17739655 | &nbsp;&nbsp; (303492)<br>|
| CHF | &nbsp;&nbsp; 1488000 | GSI | 04/28/26 | USD | 1898763 | &nbsp;&nbsp; (32484)<br>|
| DKK | &nbsp;&nbsp; 4585000 | JPMC | 04/28/26 | USD | 713300 | &nbsp;&nbsp; (3264)<br>|
| EUR | &nbsp;&nbsp; 3195103 | JPMC | 04/28/26 | USD | 3709687 | &nbsp;&nbsp; (12062)<br>|
| GBP | &nbsp;&nbsp; 2243161 | JPMC | 04/28/26 | USD | 3006004 | &nbsp;&nbsp; (37055)<br>|
| HKD | &nbsp;&nbsp; 2275000 | UBSA | 04/28/26 | USD | 290874 | &nbsp;&nbsp; (318)<br>|
| JPY | &nbsp;&nbsp; 444069344 | UBSA | 04/28/26 | USD | 2806932 | &nbsp;&nbsp; (2651)<br>|
| NOK | &nbsp;&nbsp; 2079000 | JPMC | 04/28/26 | USD | 213412 | &nbsp;&nbsp; 1280 |
| SEK | &nbsp;&nbsp; 11404000 | GSI | 04/28/26 | USD | 1223728 | &nbsp;&nbsp; (17448)<br>|

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contracts to Deliver** | **Contracts to Deliver** |  |  |  |  |  |
| EUR | &nbsp;&nbsp; 12,181,000 | JPMC | 04/28/26 | USD | 14,142,799 | &nbsp;&nbsp; 45,986 |
| JPY | &nbsp;&nbsp; 2,364,723,000 | CBNA | 04/28/26 | USD | 14,946,172 | &nbsp;&nbsp; 13,036 |
| SGD | &nbsp;&nbsp; 811,000 | UBSA | 04/28/26 | USD | 636,127 | &nbsp;&nbsp; 4,166 |

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Cross Currency** <br> **Contracts to Buy** | **Cross Currency** <br> **Contracts to Buy** |  |  |  |  |  |
| CHF | &nbsp;&nbsp; 7008648 | JPMC | 04/28/26 | EUR | 7695000 | &nbsp;&nbsp; (114875)<br>|
| JPY | &nbsp;&nbsp; 2366512667 | GSI | 04/28/26 | CHF | 11729532 | &nbsp;&nbsp; 233027 |
| Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | &nbsp;&nbsp; $(258261)<br>|

---

**BHFTI-299**

------

**Brighthouse Funds Trust I**

**Schroders Global Multi-Asset Portfolio**

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

**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>|
| Euro STOXX 50 Index Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; 110 | EUR | 6044500 | &nbsp;&nbsp;&nbsp; $(216686)<br>|
| FTSE 100 Index Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; 42 | GBP | 4283580 | &nbsp;&nbsp;&nbsp; (40070)<br>|
| MSCI World Index Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; 603 | USD | 82454220 | &nbsp;&nbsp;&nbsp; (2897216)<br>|
| Nikkei 225 Index Futures | &nbsp;&nbsp;&nbsp; 06/11/26 | &nbsp;&nbsp;&nbsp; 18 | JPY | 920880000 | &nbsp;&nbsp;&nbsp; (112367)<br>|
| S&P 500 Equal Weight Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 35 | USD | 5471200 | &nbsp;&nbsp;&nbsp; (51886)<br>|
| SPI 200 Index Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 19 | AUD | 4043675 | &nbsp;&nbsp;&nbsp; (42027)<br>|
| TOPIX Index Futures | &nbsp;&nbsp;&nbsp; 06/11/26 | &nbsp;&nbsp;&nbsp; 6 | JPY | 210240000 | &nbsp;&nbsp;&nbsp; (16031)<br>|
| U.S. Treasury Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 137 | USD | 15600875 | &nbsp;&nbsp;&nbsp; (465908)<br>|
| U.S. Treasury Note Ultra 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 57 | USD | 6470391 | &nbsp;&nbsp;&nbsp; (14351)<br>|
| U.S. Treasury Ultra Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 24 | USD | 2797500 | &nbsp;&nbsp;&nbsp; (86234)<br>|

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Short** |  |  |  |  |  |
| Bloomberg U.S. Corporate Investment Grade Index Futures | &nbsp;&nbsp;&nbsp; 06/16/26 | &nbsp;&nbsp;&nbsp; (98)<br>| USD | (10448760)<br>| &nbsp;&nbsp;&nbsp; (60935)<br>|
| MSCI Emerging Markets Index Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; (1)<br>| USD | (72730)<br>| &nbsp;&nbsp;&nbsp; (2399)<br>|
| S&P 500 Index E-Mini Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (89)<br>| USD | (29239838)<br>| &nbsp;&nbsp;&nbsp; 155073 |
| U.S. Treasury Note 2 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; (106)<br>| USD | (21989203)<br>| &nbsp;&nbsp;&nbsp; 147516 |
| U.S. Treasury Note 5 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; (289)<br>| USD | (31263930)<br>| &nbsp;&nbsp;&nbsp; 246594 |
| U.S. Treasury Note 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (319)<br>| USD | (35423953)<br>| &nbsp;&nbsp;&nbsp; 482329 |
| Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | &nbsp;&nbsp;&nbsp; $(2974598)<br>|

---

**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 | 3M SOFR | Quarterly | 3.530<br> %<br>| Quarterly | 01/24/36 | USD | 166800000 | &nbsp;&nbsp; $(3565726)<br>| &nbsp;&nbsp; $19535 | &nbsp;&nbsp; $(3585261)<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; $5914273 | &nbsp;&nbsp;&nbsp; $1682256 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $7596529 |
| &nbsp;&nbsp;&nbsp;&nbsp; Air Freight & Logistics | &nbsp;&nbsp;&nbsp; 635536 | &nbsp;&nbsp;&nbsp; 84551 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 720087 |
| &nbsp;&nbsp;&nbsp;&nbsp; Automobile Components | &nbsp;&nbsp;&nbsp; 222835 | &nbsp;&nbsp;&nbsp; 417563 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 640398 |
| &nbsp;&nbsp;&nbsp;&nbsp; Automobiles | &nbsp;&nbsp;&nbsp; 2751378 | &nbsp;&nbsp;&nbsp; 695363 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3446741 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banks | &nbsp;&nbsp;&nbsp; 8736911 | &nbsp;&nbsp;&nbsp; 7632218 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16369129 |
| &nbsp;&nbsp;&nbsp;&nbsp; Beverages | &nbsp;&nbsp;&nbsp; 3277940 | &nbsp;&nbsp;&nbsp; 176077 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3454017 |
| &nbsp;&nbsp;&nbsp;&nbsp; Biotechnology | &nbsp;&nbsp;&nbsp; 2785850 | &nbsp;&nbsp;&nbsp; 36741 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2822591 |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadline Retail | &nbsp;&nbsp;&nbsp; 7565868 | &nbsp;&nbsp;&nbsp; 302839 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7868707 |
| &nbsp;&nbsp;&nbsp;&nbsp; Building Products | &nbsp;&nbsp;&nbsp; 967963 | &nbsp;&nbsp;&nbsp; 169604 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1137567 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp;&nbsp; 7036275 | &nbsp;&nbsp;&nbsp; 914573 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7950848 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp;&nbsp; 2171877 | &nbsp;&nbsp;&nbsp; 569364 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2741241 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Services & Supplies | &nbsp;&nbsp;&nbsp; 1271892 | &nbsp;&nbsp;&nbsp; 236088 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1507980 |
| &nbsp;&nbsp;&nbsp;&nbsp; Communications Equipment | &nbsp;&nbsp;&nbsp; 3377463 | &nbsp;&nbsp;&nbsp; 284732 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3662195 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction & Engineering | &nbsp;&nbsp;&nbsp; 1406565 | &nbsp;&nbsp;&nbsp; 1106062 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2512627 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction Materials | &nbsp;&nbsp;&nbsp; 729045 | &nbsp;&nbsp;&nbsp; 170510 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 899555 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Finance | &nbsp;&nbsp;&nbsp; 1559868 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1559868 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples Distribution & Retail | &nbsp;&nbsp;&nbsp; 3818574 | &nbsp;&nbsp;&nbsp; 409199 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4227773 |
| &nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | &nbsp;&nbsp;&nbsp; 99094 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 99094 |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributors | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7210 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7210 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified REITs | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 167027 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 167027 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Telecommunication Services | &nbsp;&nbsp;&nbsp; 1300238 | &nbsp;&nbsp;&nbsp; 1437386 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2737624 |

---

**BHFTI-300**

------

**Brighthouse Funds Trust I**

**Schroders Global Multi-Asset Portfolio**

**Consolidated 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 Utilities | &nbsp;&nbsp;&nbsp; $2960858 | &nbsp;&nbsp;&nbsp; $1241623 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $4202481 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | &nbsp;&nbsp;&nbsp; 4448326 | &nbsp;&nbsp;&nbsp; 2542429 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6990755 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronic Equipment, Instruments & Components | &nbsp;&nbsp;&nbsp; 2507621 | &nbsp;&nbsp;&nbsp; 387331 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2894952 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy Equipment & Services | &nbsp;&nbsp;&nbsp; 1167454 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1167454 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp;&nbsp; 3254701 | &nbsp;&nbsp;&nbsp; 176889 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3431590 |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial Services | &nbsp;&nbsp;&nbsp; 5770128 | &nbsp;&nbsp;&nbsp; 231935 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6002063 |
| &nbsp;&nbsp;&nbsp;&nbsp; Food Products | &nbsp;&nbsp;&nbsp; 347028 | &nbsp;&nbsp;&nbsp; 961553 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1308581 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gas Utilities | &nbsp;&nbsp;&nbsp; 198020 | &nbsp;&nbsp;&nbsp; 344179 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 542199 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ground Transportation | &nbsp;&nbsp;&nbsp; 1389634 | &nbsp;&nbsp;&nbsp; 62302 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1451936 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Equipment & Supplies | &nbsp;&nbsp;&nbsp; 3449182 | &nbsp;&nbsp;&nbsp; 487739 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3936921 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Providers & Services | &nbsp;&nbsp;&nbsp; 3554731 | &nbsp;&nbsp;&nbsp; 15528 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3570259 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care REITs | &nbsp;&nbsp;&nbsp; 1662201 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1662201 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Technology | &nbsp;&nbsp;&nbsp; 39172 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 39172 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure | &nbsp;&nbsp;&nbsp; 2846398 | &nbsp;&nbsp;&nbsp; 290062 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3136460 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Durables | &nbsp;&nbsp;&nbsp; 517008 | &nbsp;&nbsp;&nbsp; 357323 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 874331 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Products | &nbsp;&nbsp;&nbsp; 1992848 | &nbsp;&nbsp;&nbsp; 160039 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2152887 |
| &nbsp;&nbsp;&nbsp;&nbsp; Independent Power and Renewable Electricity Producers | &nbsp;&nbsp;&nbsp; 156644 | &nbsp;&nbsp;&nbsp; 39429 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 196073 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial Conglomerates | &nbsp;&nbsp;&nbsp; 262094 | &nbsp;&nbsp;&nbsp; 1051850 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1313944 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial REITs | &nbsp;&nbsp;&nbsp; 382661 | &nbsp;&nbsp;&nbsp; 30085 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 412746 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp;&nbsp; 3303826 | &nbsp;&nbsp;&nbsp; 2581545 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5885371 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interactive Media & Services | &nbsp;&nbsp;&nbsp; 17109883 | &nbsp;&nbsp;&nbsp; 122790 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 17232673 |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp;&nbsp; 2403659 | &nbsp;&nbsp;&nbsp; 168709 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2572368 |
| &nbsp;&nbsp;&nbsp;&nbsp; Leisure Products | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20359 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20359 |
| &nbsp;&nbsp;&nbsp;&nbsp; Life Sciences Tools & Services | &nbsp;&nbsp;&nbsp; 1604696 | &nbsp;&nbsp;&nbsp; 39562 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1644258 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | &nbsp;&nbsp;&nbsp; 4094553 | &nbsp;&nbsp;&nbsp; 1885500 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5980053 |
| &nbsp;&nbsp;&nbsp;&nbsp; Marine Transportation | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 35984 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 35984 |
| &nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp;&nbsp; 114337 | &nbsp;&nbsp;&nbsp; 22412 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 136749 |
| &nbsp;&nbsp;&nbsp;&nbsp; Metals & Mining | &nbsp;&nbsp;&nbsp; 2431073 | &nbsp;&nbsp;&nbsp; 1460415 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3891488 |
| &nbsp;&nbsp;&nbsp;&nbsp; Multi-Utilities | &nbsp;&nbsp;&nbsp; 845283 | &nbsp;&nbsp;&nbsp; 608303 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1453586 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas & Consumable Fuels | &nbsp;&nbsp;&nbsp; 7532322 | &nbsp;&nbsp;&nbsp; 2993280 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10525602 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paper & Forest Products | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 29519 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 29519 |
| &nbsp;&nbsp;&nbsp;&nbsp; Passenger Airlines | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 66024 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 66024 |
| &nbsp;&nbsp;&nbsp;&nbsp; Personal Care Products | &nbsp;&nbsp;&nbsp; 186469 | &nbsp;&nbsp;&nbsp; 546535 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 733004 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals | &nbsp;&nbsp;&nbsp; 7545905 | &nbsp;&nbsp;&nbsp; 3942208 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11488113 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional Services | &nbsp;&nbsp;&nbsp; 173953 | &nbsp;&nbsp;&nbsp; 255389 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 429342 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Management & Development | &nbsp;&nbsp;&nbsp; 342881 | &nbsp;&nbsp;&nbsp; 208560 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 551441 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail REITs | &nbsp;&nbsp;&nbsp; 325883 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 325883 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | &nbsp;&nbsp;&nbsp; 29130697 | &nbsp;&nbsp;&nbsp; 2243815 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 31374512 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp; 14874143 | &nbsp;&nbsp;&nbsp; 475293 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15349436 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialized REITs | &nbsp;&nbsp;&nbsp; 707598 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 707598 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Retail | &nbsp;&nbsp;&nbsp; 3323264 | &nbsp;&nbsp;&nbsp; 189584 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3512848 |
| &nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware, Storage & Peripherals | &nbsp;&nbsp;&nbsp; 12878354 | &nbsp;&nbsp;&nbsp; 49882 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12928236 |
| &nbsp;&nbsp;&nbsp;&nbsp; Textiles, Apparel & Luxury Goods | &nbsp;&nbsp;&nbsp; 720572 | &nbsp;&nbsp;&nbsp; 681699 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1402271 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tobacco | &nbsp;&nbsp;&nbsp; 223229 | &nbsp;&nbsp;&nbsp; 139460 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 362689 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trading Companies & Distributors | &nbsp;&nbsp;&nbsp; 967328 | &nbsp;&nbsp;&nbsp; 1283436 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2250764 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transportation Infrastructure | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 195968 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 195968 |
| &nbsp;&nbsp;&nbsp;&nbsp; Water Utilities | &nbsp;&nbsp;&nbsp; 33342 | &nbsp;&nbsp;&nbsp; 193495 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 226837 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wireless Telecommunication Services | &nbsp;&nbsp;&nbsp; 517934 | &nbsp;&nbsp;&nbsp; 737491 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1255425 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 203927338 | &nbsp;&nbsp;&nbsp; 46056876 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 249984214 |
| Total Corporate Bonds & Notes\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 218363455 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 218363455 |
| Total Investment Companies\* | &nbsp;&nbsp;&nbsp; 13854246 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13854246 |
| Total Preferred Stocks\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 65513 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 65513 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 46352640 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 46352640 |
| 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; Certificate of Deposit | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1999998 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1999998 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1994836 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1994836 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 34101068 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 34101068 |
| &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; 10000000 | &nbsp;&nbsp;&nbsp; 43095902 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 53095902 |
| Total Investments | &nbsp;&nbsp;&nbsp; $227781584 | &nbsp;&nbsp;&nbsp; $353934386 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $581715970 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(53082701)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(53082701)<br>|

---

**BHFTI-301**

------

**Brighthouse Funds Trust I**

**Schroders Global Multi-Asset Portfolio**

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

**Fair Value Hierarchy — (Continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Forward Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $297495 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $297495 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (555756)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (555756)<br>|
| Total Forward Contracts | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(258261)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(258261)<br>|
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $1031512 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1031512 |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; (4006110)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (4006110)<br>|
| Total Futures Contracts | &nbsp;&nbsp;&nbsp; $(2974598)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(2974598)<br>|
| Centrally Cleared Swap Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Swap Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(3585261)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(3585261)<br>|

---

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

\* See Consolidated Schedule of Investments for additional detailed categorizations.

**BHFTI-302**

------

**Brighthouse Funds Trust I**

**State Street Emerging Markets Enhanced Index Portfolio (formerly, SSGA Emerging Markets Enhanced Index Portfolio)**

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

**Common Stocks—96.3% 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>|
| **Australia — 0.6%** | **Australia — 0.6%** | **Australia — 0.6%** |
| Anglogold Ashanti PLC | 62693 | &nbsp;&nbsp;&nbsp; $6290356 |
| **Brazil — 3.5%** | **Brazil — 3.5%** | **Brazil — 3.5%** |
| Ambev SA (ADR) (a) | 380400 | &nbsp;&nbsp;&nbsp; 1110768 |
| B3 SA - Brasil Bolsa Balcao | 953900 | &nbsp;&nbsp;&nbsp; 3388469 |
| Banco Bradesco SA | 178100 | &nbsp;&nbsp;&nbsp; 574544 |
| Banco Bradesco SA (ADR) | 117600 | &nbsp;&nbsp;&nbsp; 429240 |
| Cia De Sanena Do Parana | 138100 | &nbsp;&nbsp;&nbsp; 1187214 |
| Cogna Educacao SA | 564630 | &nbsp;&nbsp;&nbsp; 344456 |
| Energisa SA | 162190 | &nbsp;&nbsp;&nbsp; 1642613 |
| Itau Unibanco Holding SA | 60842 | &nbsp;&nbsp;&nbsp; 502959 |
| Itau Unibanco Holding SA (ADR) | 674246 | &nbsp;&nbsp;&nbsp; 5650181 |
| Lojas Renner SA | 199000 | &nbsp;&nbsp;&nbsp; 574735 |
| NU Holdings Ltd. - Class A (b) | 187600 | &nbsp;&nbsp;&nbsp; 2695812 |
| Petroleo Brasileiro SA - Petrobras | 309000 | &nbsp;&nbsp;&nbsp; 3215960 |
| Rede D'Or Sao Luiz SA | 332700 | &nbsp;&nbsp;&nbsp; 2503030 |
| Telefonica Brasil SA | 361300 | &nbsp;&nbsp;&nbsp; 2875836 |
| TIM SA | 514400 | &nbsp;&nbsp;&nbsp; 2726995 |
| Vale SA | 330000 | &nbsp;&nbsp;&nbsp; 5254670 |
| Vale SA (ADR) (a) | 73100 | &nbsp;&nbsp;&nbsp; 1163021 |
| Vibra Energia SA | 220861 | &nbsp;&nbsp;&nbsp; 1348229 |
| XP, Inc. - Class A | 33200 | &nbsp;&nbsp;&nbsp; 632128 |
|  |  | &nbsp;&nbsp;&nbsp; 37820860 |
| **Chile — 0.3%** | **Chile — 0.3%** | **Chile — 0.3%** |
| Cencosud SA | 205466 | &nbsp;&nbsp;&nbsp; 560947 |
| Enel Chile SA | 6509336 | &nbsp;&nbsp;&nbsp; 502399 |
| Engie Energia Chile SA | 255975 | &nbsp;&nbsp;&nbsp; 411766 |
| Falabella SA | 36787 | &nbsp;&nbsp;&nbsp; 225188 |
| Inversiones La Construccion SA | 7986 | &nbsp;&nbsp;&nbsp; 167262 |
| Latam Airlines Group SA | 69340979 | &nbsp;&nbsp;&nbsp; 1707585 |
|  |  | &nbsp;&nbsp;&nbsp; 3575147 |
| **China — 24.4%** | **China — 24.4%** | **China — 24.4%** |
| 3SBio, Inc.  | 640500 | &nbsp;&nbsp;&nbsp; 1883396 |
| AAC Technologies Holdings, Inc.  | 353500 | &nbsp;&nbsp;&nbsp; 1508194 |
| Agricultural Bank of China Ltd. - Class H | 354000 | &nbsp;&nbsp;&nbsp; 254434 |
| Alibaba Group Holding Ltd.  | 1743800 | &nbsp;&nbsp;&nbsp; 27451806 |
| Alibaba Health Information Technology Ltd. (a) (b) | 182000 | &nbsp;&nbsp;&nbsp; 110390 |
| Alphamab Oncology (b) | 309000 | &nbsp;&nbsp;&nbsp; 308635 |
| Aluminum Corp. of China Ltd. - Class H | 374000 | &nbsp;&nbsp;&nbsp; 544660 |
| ANTA Sports Products Ltd.  | 196400 | &nbsp;&nbsp;&nbsp; 1914523 |
| Ascletis Pharma, Inc. (a) (b) | 77000 | &nbsp;&nbsp;&nbsp; 165157 |
| AviChina Industry & Technology Co. Ltd. - Class H | 919000 | &nbsp;&nbsp;&nbsp; 391733 |
| Baidu, Inc. - Class A (b) | 191500 | &nbsp;&nbsp;&nbsp; 2662294 |
| Bank of Changsha Co. Ltd. - Class A | 479900 | &nbsp;&nbsp;&nbsp; 671058 |
| Bank of China Ltd. - Class H | 3639000 | &nbsp;&nbsp;&nbsp; 2342319 |
| Bank of Guiyang Co. Ltd. - Class A | 1272500 | &nbsp;&nbsp;&nbsp; 1081586 |
| Bank of Jiangsu Co. Ltd. - Class A | 435500 | &nbsp;&nbsp;&nbsp; 689647 |
| Bank of Ningbo Co. Ltd. - Class A | 85400 | &nbsp;&nbsp;&nbsp; 378331 |
| Baoshan Iron & Steel Co. Ltd. - Class A | 158500 | &nbsp;&nbsp;&nbsp; 147709 |
| Beauty Farm Medical & Health Industry, Inc.  | 131500 | &nbsp;&nbsp;&nbsp; 341636 |
| Beijing Enterprises Holdings Ltd.  | 99000 | &nbsp;&nbsp;&nbsp; 382264 |
| Beijing Jingneng Clean Energy Co. Ltd. - Class H | 1282000 | &nbsp;&nbsp;&nbsp; 372125 |
| Beijing Jingneng Power Co. Ltd. - Class A | 1462700 | &nbsp;&nbsp;&nbsp; 1083636 |
| Bilibili, Inc. - Class Z (a) (b) | 21920 | &nbsp;&nbsp;&nbsp; 494259 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **China — (Continued)** | **China — (Continued)** | **China — (Continued)** |
| BOC Aviation Ltd.  | 217800 | &nbsp;&nbsp;&nbsp; $2163265 |
| BYD Co. Ltd. - Class H (a) | 247600 | &nbsp;&nbsp;&nbsp; 3394703 |
| CGN New Energy Holdings Co. Ltd.  | 2684000 | &nbsp;&nbsp;&nbsp; 862050 |
| Chervon Holdings Ltd.  | 61100 | &nbsp;&nbsp;&nbsp; 128154 |
| China Conch Venture Holdings Ltd.  | 513500 | &nbsp;&nbsp;&nbsp; 753934 |
| China Construction Bank Corp. - Class H | 8082000 | &nbsp;&nbsp;&nbsp; 8777835 |
| China East Education Holdings Ltd.  | 256000 | &nbsp;&nbsp;&nbsp; 168633 |
| China Feihe Ltd.  | 1017000 | &nbsp;&nbsp;&nbsp; 451834 |
| China Foods Ltd.  | 1098000 | &nbsp;&nbsp;&nbsp; 523817 |
| China Hongqiao Group Ltd.  | 741000 | &nbsp;&nbsp;&nbsp; 3375823 |
| China International Marine Containers Group Co. Ltd. - Class H | 303100 | &nbsp;&nbsp;&nbsp; 386772 |
| China Life Insurance Co. Ltd. - Class H | 256000 | &nbsp;&nbsp;&nbsp; 817983 |
| China Merchants Bank Co. Ltd. - Class A | 131900 | &nbsp;&nbsp;&nbsp; 752699 |
| China Merchants Bank Co. Ltd. - Class H | 582000 | &nbsp;&nbsp;&nbsp; 3695122 |
| China Merchants Port Group Co. Ltd. - Class A | 63400 | &nbsp;&nbsp;&nbsp; 200863 |
| China National Building Material Co. Ltd. - Class H | 3282000 | &nbsp;&nbsp;&nbsp; 2012106 |
| China Nonferrous Mining Corp. Ltd.  | 633000 | &nbsp;&nbsp;&nbsp; 945303 |
| China Pacific Insurance Group Co. Ltd. - Class A | 61000 | &nbsp;&nbsp;&nbsp; 329523 |
| China Pacific Insurance Group Co. Ltd. - Class H | 696200 | &nbsp;&nbsp;&nbsp; 2860771 |
| China Reinsurance Group Corp. - Class H | 5397000 | &nbsp;&nbsp;&nbsp; 1018780 |
| China Resources Land Ltd.  | 875000 | &nbsp;&nbsp;&nbsp; 3274169 |
| China Tower Corp. Ltd. - Class H | 273600 | &nbsp;&nbsp;&nbsp; 376407 |
| China Water Affairs Group Ltd.  | 230000 | &nbsp;&nbsp;&nbsp; 143457 |
| CITIC Ltd.  | 107000 | &nbsp;&nbsp;&nbsp; 162647 |
| Citic Pacific Special Steel Group Co. Ltd. - Class A | 273400 | &nbsp;&nbsp;&nbsp; 650583 |
| CITIC Securities Co. Ltd. - Class H (a) | 198500 | &nbsp;&nbsp;&nbsp; 606166 |
| CMOC Group Ltd. - Class A | 524200 | &nbsp;&nbsp;&nbsp; 1329661 |
| CMOC Group Ltd. - Class H | 1125000 | &nbsp;&nbsp;&nbsp; 2363507 |
| Contemporary Amperex Technology Co. Ltd. - Class A | 34620 | &nbsp;&nbsp;&nbsp; 2029196 |
| COSCO SHIPPING Holdings Co. Ltd. - Class A | 338890 | &nbsp;&nbsp;&nbsp; 738232 |
| COSCO SHIPPING Holdings Co. Ltd. - Class H (a) | 943700 | &nbsp;&nbsp;&nbsp; 1797121 |
| CSPC Pharmaceutical Group Ltd.  | 1190000 | &nbsp;&nbsp;&nbsp; 1394570 |
| DaShenLin Pharmaceutical Group Co. Ltd. - Class A | 401900 | &nbsp;&nbsp;&nbsp; 1040836 |
| Dongyue Group Ltd.  | 113000 | &nbsp;&nbsp;&nbsp; 157306 |
| Eastern Air Logistics Co. Ltd. - Class A | 160800 | &nbsp;&nbsp;&nbsp; 401754 |
| ENN Natural Gas Co. Ltd. - Class A | 134600 | &nbsp;&nbsp;&nbsp; 425652 |
| Far East Horizon Ltd.  | 681000 | &nbsp;&nbsp;&nbsp; 614375 |
| Foxconn Industrial Internet Co. Ltd. - Class A | 64300 | &nbsp;&nbsp;&nbsp; 487174 |
| Fufeng Group Ltd. (a) | 857000 | &nbsp;&nbsp;&nbsp; 758371 |
| Fuyao Glass Industry Group Co. Ltd. - Class H | 33200 | &nbsp;&nbsp;&nbsp; 249349 |
| Gansu Shangfeng Cement Co. Ltd. - Class A | 550400 | &nbsp;&nbsp;&nbsp; 1039607 |
| Gdh Supertime Group Co. Ltd. - Class A | 570200 | &nbsp;&nbsp;&nbsp; 1095698 |
| Geely Automobile Holdings Ltd.  | 1573000 | &nbsp;&nbsp;&nbsp; 4244084 |
| GEPIC Energy Development Co. Ltd. - Class A | 951800 | &nbsp;&nbsp;&nbsp; 1060289 |
| Goldcup Electric Apparatus Co. Ltd. - Class A | 496600 | &nbsp;&nbsp;&nbsp; 961097 |
| Goldwind Science & Technology Co. Ltd. - Class A | 127500 | &nbsp;&nbsp;&nbsp; 488686 |
| Goldwind Science & Technology Co. Ltd. - Class H (a) | 214800 | &nbsp;&nbsp;&nbsp; 396167 |
| Guangdong Investment Ltd.  | 2652000 | &nbsp;&nbsp;&nbsp; 2672878 |
| Guodian Nanjing Automation Co. Ltd. - Class A | 378060 | &nbsp;&nbsp;&nbsp; 859546 |
| Guoquan Food Shanghai Co. Ltd. - Class H | 220400 | &nbsp;&nbsp;&nbsp; 118783 |
| H World Group Ltd. (ADR) | 34400 | &nbsp;&nbsp;&nbsp; 1729976 |
| Haier Smart Home Co. Ltd. - Class A | 53100 | &nbsp;&nbsp;&nbsp; 165360 |
| Haier Smart Home Co. Ltd. - Class H (a) | 779400 | &nbsp;&nbsp;&nbsp; 2079513 |
| Hansoh Pharmaceutical Group Co. Ltd.  | 128000 | &nbsp;&nbsp;&nbsp; 582331 |
| Harbin Electric Co. Ltd. - Class H | 374000 | &nbsp;&nbsp;&nbsp; 1042457 |
| Hengan International Group Co. Ltd.  | 699000 | &nbsp;&nbsp;&nbsp; 2453176 |

---

**BHFTI-303**

------

**Brighthouse Funds Trust I**

**State Street Emerging Markets Enhanced Index Portfolio (formerly, SSGA Emerging Markets Enhanced Index Portfolio)**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **China — (Continued)** | **China — (Continued)** | **China — (Continued)** |
| Huaneng Power International, Inc. - Class H | 526000 | &nbsp;&nbsp;&nbsp; $396196 |
| Huaxin Building Materials Group Co. Ltd. - Class A | 45500 | &nbsp;&nbsp;&nbsp; 140356 |
| Industrial & Commercial Bank of China Ltd. - Class H | 4468000 | &nbsp;&nbsp;&nbsp; 3964908 |
| &nbsp;&nbsp;&nbsp;&nbsp; Inner Mongolia Junzheng Energy & Chemical Industry Group Co. <br> Ltd. - Class A<br>| 505800 | &nbsp;&nbsp;&nbsp; 403517 |
| Innovent Biologics, Inc. (b) | 80000 | &nbsp;&nbsp;&nbsp; 877667 |
| JD Logistics, Inc. (b) | 204300 | &nbsp;&nbsp;&nbsp; 359784 |
| JD.com, Inc. - Class A | 291904 | &nbsp;&nbsp;&nbsp; 4305685 |
| Jiangxi Ganyue Expressway Co. Ltd. - Class A | 299300 | &nbsp;&nbsp;&nbsp; 204572 |
| JNBY Design Ltd.  | 399000 | &nbsp;&nbsp;&nbsp; 1070116 |
| Jointo Energy Investment Co. Ltd. Hebei - Class A | 497000 | &nbsp;&nbsp;&nbsp; 664728 |
| Kingfa Sci & Tech Co. Ltd. - Class A | 300400 | &nbsp;&nbsp;&nbsp; 730570 |
| Kuaishou Technology | 387200 | &nbsp;&nbsp;&nbsp; 2280367 |
| Lenovo Group Ltd.  | 2108000 | &nbsp;&nbsp;&nbsp; 2505050 |
| Lonking Holdings Ltd.  | 2313000 | &nbsp;&nbsp;&nbsp; 886106 |
| Meituan - Class B (a) (b) | 286610 | &nbsp;&nbsp;&nbsp; 3114718 |
| Midea Group Co. Ltd. - Class A | 29717 | &nbsp;&nbsp;&nbsp; 330126 |
| Midea Group Co. Ltd. - Class H | 72100 | &nbsp;&nbsp;&nbsp; 782479 |
| Minth Group Ltd.  | 32000 | &nbsp;&nbsp;&nbsp; 134556 |
| MMG Ltd. (b) | 476000 | &nbsp;&nbsp;&nbsp; 448426 |
| Muyuan Foods Co. Ltd. - Class A | 125200 | &nbsp;&nbsp;&nbsp; 755976 |
| MYS Group Co. Ltd. - Class A | 445600 | &nbsp;&nbsp;&nbsp; 237742 |
| Nanjing Kangni Mechanical & Electrical Co. Ltd. - Class A | 915500 | &nbsp;&nbsp;&nbsp; 912690 |
| NetEase, Inc.  | 181100 | &nbsp;&nbsp;&nbsp; 4029388 |
| New Oriental Education & Technology Group, Inc.  | 317100 | &nbsp;&nbsp;&nbsp; 1791018 |
| Newborn Town, Inc. (b) | 72000 | &nbsp;&nbsp;&nbsp; 74052 |
| Noah Holdings Ltd. (ADR) | 11900 | &nbsp;&nbsp;&nbsp; 117810 |
| PDD Holdings, Inc. (ADR) (b) | 49900 | &nbsp;&nbsp;&nbsp; 5098782 |
| People's Insurance Co. Group of China Ltd. - Class H | 2785000 | &nbsp;&nbsp;&nbsp; 1937624 |
| PetroChina Co. Ltd. - Class H | 3684000 | &nbsp;&nbsp;&nbsp; 5004694 |
| PICC Property & Casualty Co. Ltd. - Class H | 1378000 | &nbsp;&nbsp;&nbsp; 2539184 |
| Ping An Insurance Group Co. of China Ltd. - Class A | 125600 | &nbsp;&nbsp;&nbsp; 1048792 |
| Ping An Insurance Group Co. of China Ltd. - Class H (a) | 893000 | &nbsp;&nbsp;&nbsp; 6963954 |
| Pop Mart International Group Ltd. (a) | 46800 | &nbsp;&nbsp;&nbsp; 878502 |
| Precision Tsugami China Corp. Ltd.  | 131000 | &nbsp;&nbsp;&nbsp; 575897 |
| Qingdao Gon Technology Co. Ltd. - Class A | 36400 | &nbsp;&nbsp;&nbsp; 250026 |
| Satellite Chemical Co. Ltd. - Class A | 180400 | &nbsp;&nbsp;&nbsp; 711536 |
| Shandong Bohui Paper Industrial Co. Ltd. - Class A | 235700 | &nbsp;&nbsp;&nbsp; 221142 |
| Shandong Nanshan Aluminum Co. Ltd. - Class A | 193000 | &nbsp;&nbsp;&nbsp; 174140 |
| Shandong Sun Paper Industry JSC Ltd. - Class A | 77525 | &nbsp;&nbsp;&nbsp; 167536 |
| Shandong Weigao Group Medical Polymer Co. Ltd. - Class H | 898000 | &nbsp;&nbsp;&nbsp; 430927 |
| Shanghai Rural Commercial Bank Co. Ltd. - Class A | 248900 | &nbsp;&nbsp;&nbsp; 328305 |
| Shanghai Zhenhua Heavy Industries Co. Ltd. - Class A | 1584420 | &nbsp;&nbsp;&nbsp; 1161604 |
| Shenzhen Desay Battery Technology Co. - Class A | 275400 | &nbsp;&nbsp;&nbsp; 1046425 |
| Shenzhen International Holdings Ltd.  | 275500 | &nbsp;&nbsp;&nbsp; 251634 |
| Sichuan Road & Bridge Group Co. Ltd. - Class A | 125600 | &nbsp;&nbsp;&nbsp; 183899 |
| Sino Biopharmaceutical Ltd.  | 3128000 | &nbsp;&nbsp;&nbsp; 2371385 |
| Sinopec Engineering Group Co. Ltd. - Class H | 461500 | &nbsp;&nbsp;&nbsp; 345902 |
| Sinotruk Hong Kong Ltd.  | 313000 | &nbsp;&nbsp;&nbsp; 1593927 |
| SITC International Holdings Co. Ltd.  | 242000 | &nbsp;&nbsp;&nbsp; 1068360 |
| Star Lake Bioscience Co., Inc. Zhaoqing Guangdong - Class A | 997861 | &nbsp;&nbsp;&nbsp; 1033163 |
| Sumec Corp. Ltd. - Class A | 295400 | &nbsp;&nbsp;&nbsp; 533915 |
| Sungrow Power Supply Co. Ltd. - Class A | 14100 | &nbsp;&nbsp;&nbsp; 310015 |
| Sunny Optical Technology Group Co. Ltd.  | 23100 | &nbsp;&nbsp;&nbsp; 159171 |
| Tencent Holdings Ltd. (a) | 675700 | &nbsp;&nbsp;&nbsp; 42658227 |
| Tencent Music Entertainment Group (ADR) | 89000 | &nbsp;&nbsp;&nbsp; 825920 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **China — (Continued)** | **China — (Continued)** | **China — (Continued)** |
| Tian Di Science & Technology Co. Ltd. - Class A | 164200 | &nbsp;&nbsp;&nbsp; $136326 |
| Tianshan Aluminum Group Co. Ltd. - Class A | 369200 | &nbsp;&nbsp;&nbsp; 960933 |
| Tingyi Cayman Islands Holding Corp.  | 391876 | &nbsp;&nbsp;&nbsp; 648743 |
| Trip.com Group Ltd. (b) | 21300 | &nbsp;&nbsp;&nbsp; 1053484 |
| Vipshop Holdings Ltd. (ADR) | 15500 | &nbsp;&nbsp;&nbsp; 243660 |
| Viva Biotech Holdings (b) | 637000 | &nbsp;&nbsp;&nbsp; 151059 |
| Want Want China Holdings Ltd.  | 512000 | &nbsp;&nbsp;&nbsp; 304629 |
| Weichai Power Co. Ltd. - Class A | 131600 | &nbsp;&nbsp;&nbsp; 474678 |
| Western Mining Co. Ltd. - Class A | 212300 | &nbsp;&nbsp;&nbsp; 784478 |
| WuXi AppTec Co. Ltd. - Class A | 67091 | &nbsp;&nbsp;&nbsp; 961244 |
| WuXi AppTec Co. Ltd. - Class H | 173300 | &nbsp;&nbsp;&nbsp; 2620700 |
| Wuxi Biologics Cayman, Inc. (b) | 364500 | &nbsp;&nbsp;&nbsp; 1553980 |
| Xiaomi Corp. - Class B (b) | 1666600 | &nbsp;&nbsp;&nbsp; 6856257 |
| Xtep International Holdings Ltd.  | 423556 | &nbsp;&nbsp;&nbsp; 242199 |
| Yangtze Optical Fibre & Cable Joint Stock Ltd. Co. - Class H | 6500 | &nbsp;&nbsp;&nbsp; 157871 |
| Yum China Holdings, Inc.  | 52400 | &nbsp;&nbsp;&nbsp; 2607631 |
| Yunnan Aluminium Co. Ltd. - Class A | 38800 | &nbsp;&nbsp;&nbsp; 176089 |
| Yunnan Yuntianhua Co. Ltd. - Class A | 114700 | &nbsp;&nbsp;&nbsp; 557281 |
| Yutong Bus Co. Ltd. - Class A | 340200 | &nbsp;&nbsp;&nbsp; 1776657 |
| ZCZL Industrial Technology Group Co. Ltd.  | 217491 | &nbsp;&nbsp;&nbsp; 647440 |
| Zhejiang Chint Electrics Co. Ltd. - Class A | 225400 | &nbsp;&nbsp;&nbsp; 1075751 |
| Zhejiang Expressway Co. Ltd. - Class H | 1354000 | &nbsp;&nbsp;&nbsp; 1242888 |
| Zhejiang Hailide New Material Co. Ltd. - Class A | 1204700 | &nbsp;&nbsp;&nbsp; 1063477 |
| Zhejiang Huayou Cobalt Co. Ltd. - Class A | 59100 | &nbsp;&nbsp;&nbsp; 512924 |
| Zhejiang Jiahua Energy Chemical Industry Co. Ltd. - Class A | 518600 | &nbsp;&nbsp;&nbsp; 696871 |
| Zijin Mining Group Co. Ltd. - Class H | 208000 | &nbsp;&nbsp;&nbsp; 945017 |
| ZTE Corp. - Class H | 405200 | &nbsp;&nbsp;&nbsp; 1137803 |
| ZTO Express Cayman, Inc.  | 27250 | &nbsp;&nbsp;&nbsp; 670184 |
|  |  | &nbsp;&nbsp;&nbsp; 260443388 |
| **Czech Republic — 0.1%** | **Czech Republic — 0.1%** | **Czech Republic — 0.1%** |
| Komercni Banka AS | 5571 | &nbsp;&nbsp;&nbsp; 284063 |
| Moneta Money Bank AS | 140014 | &nbsp;&nbsp;&nbsp; 1223242 |
|  |  | &nbsp;&nbsp;&nbsp; 1507305 |
| **Egypt — 0.1%** | **Egypt — 0.1%** | **Egypt — 0.1%** |
| Commercial International Bank - Egypt | 346187 | &nbsp;&nbsp;&nbsp; 768176 |
| Eastern Co. SAE | 241085 | &nbsp;&nbsp;&nbsp; 154191 |
|  |  | &nbsp;&nbsp;&nbsp; 922367 |
| **Greece — 0.6%** | **Greece — 0.6%** | **Greece — 0.6%** |
| Allwyn AG | 86578 | &nbsp;&nbsp;&nbsp; 1316842 |
| Eurobank SA - Class A | 467298 | &nbsp;&nbsp;&nbsp; 1876297 |
| National Bank of Greece SA | 123447 | &nbsp;&nbsp;&nbsp; 1913319 |
| Piraeus Bank SA | 83713 | &nbsp;&nbsp;&nbsp; 689954 |
| Public Power Corp. SA | 36938 | &nbsp;&nbsp;&nbsp; 775193 |
|  |  | &nbsp;&nbsp;&nbsp; 6571605 |
| **Hong Kong — 0.3%** | **Hong Kong — 0.3%** | **Hong Kong — 0.3%** |
| Orient Overseas International Ltd. (a) | 25500 | &nbsp;&nbsp;&nbsp; 456931 |
| Skyworth Group Ltd. (b) | 912000 | &nbsp;&nbsp;&nbsp; 718296 |
| Wasion Holdings Ltd.  | 320000 | &nbsp;&nbsp;&nbsp; 1158978 |
| WH Group Ltd.  | 903500 | &nbsp;&nbsp;&nbsp; 1190528 |
|  |  | &nbsp;&nbsp;&nbsp; 3524733 |

---

**BHFTI-304**

------

**Brighthouse Funds Trust I**

**State Street Emerging Markets Enhanced Index Portfolio (formerly, SSGA Emerging Markets Enhanced Index Portfolio)**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Hungary — 0.3%** | **Hungary — 0.3%** | **Hungary — 0.3%** |
| Magyar Telekom Telecommunications PLC | 132662 | &nbsp;&nbsp;&nbsp; $827643 |
| OTP Bank Nyrt | 20161 | &nbsp;&nbsp;&nbsp; 2173921 |
|  |  | &nbsp;&nbsp;&nbsp; 3001564 |
| **India — 12.3%** | **India — 12.3%** | **India — 12.3%** |
| Adani Power Ltd. (b) | 633655 | &nbsp;&nbsp;&nbsp; 1035231 |
| Alkem Laboratories Ltd.  | 11074 | &nbsp;&nbsp;&nbsp; 622068 |
| Apollo Hospitals Enterprise Ltd.  | 13970 | &nbsp;&nbsp;&nbsp; 1126954 |
| Ashok Leyland Ltd.  | 1339097 | &nbsp;&nbsp;&nbsp; 2277750 |
| Aster DM Healthcare Ltd.  | 48883 | &nbsp;&nbsp;&nbsp; 349443 |
| Aurobindo Pharma Ltd.  | 11260 | &nbsp;&nbsp;&nbsp; 157504 |
| Axis Bank Ltd.  | 103567 | &nbsp;&nbsp;&nbsp; 1323119 |
| Bajaj Consumer Care Ltd. (b) | 79386 | &nbsp;&nbsp;&nbsp; 292478 |
| Bajaj Finance Ltd.  | 48063 | &nbsp;&nbsp;&nbsp; 423115 |
| Bank of Baroda | 259559 | &nbsp;&nbsp;&nbsp; 702973 |
| Bank of India | 83267 | &nbsp;&nbsp;&nbsp; 121432 |
| Bharat Electronics Ltd.  | 328079 | &nbsp;&nbsp;&nbsp; 1421318 |
| Bharat Petroleum Corp. Ltd.  | 688550 | &nbsp;&nbsp;&nbsp; 2111433 |
| Bharti Airtel Ltd.  | 331614 | &nbsp;&nbsp;&nbsp; 6329000 |
| Biocon Ltd.  | 270928 | &nbsp;&nbsp;&nbsp; 1049329 |
| Bombay Burmah Trading Co.  | 20786 | &nbsp;&nbsp;&nbsp; 291534 |
| Ceat Ltd.  | 11726 | &nbsp;&nbsp;&nbsp; 415771 |
| CESC Ltd.  | 496852 | &nbsp;&nbsp;&nbsp; 792389 |
| Chambal Fertilisers & Chemicals Ltd.  | 160458 | &nbsp;&nbsp;&nbsp; 744236 |
| Chennai Petroleum Corp. Ltd.  | 31514 | &nbsp;&nbsp;&nbsp; 324916 |
| Coal India Ltd.  | 194735 | &nbsp;&nbsp;&nbsp; 940515 |
| Coromandel International Ltd.  | 15294 | &nbsp;&nbsp;&nbsp; 311734 |
| Dr. Reddy's Laboratories Ltd.  | 186940 | &nbsp;&nbsp;&nbsp; 2531480 |
| Eicher Motors Ltd.  | 22454 | &nbsp;&nbsp;&nbsp; 1619137 |
| EID Parry India Ltd. (b) | 68482 | &nbsp;&nbsp;&nbsp; 563228 |
| Embassy Office Parks (REIT) | 131720 | &nbsp;&nbsp;&nbsp; 584413 |
| EPL Ltd.  | 208980 | &nbsp;&nbsp;&nbsp; 452090 |
| Finolex Cables Ltd.  | 14338 | &nbsp;&nbsp;&nbsp; 119747 |
| Force Motors Ltd.  | 4679 | &nbsp;&nbsp;&nbsp; 1008423 |
| Fortis Healthcare Ltd.  | 99844 | &nbsp;&nbsp;&nbsp; 871847 |
| GE Vernova T&D India Ltd.  | 9407 | &nbsp;&nbsp;&nbsp; 380355 |
| General Insurance Corp. of India | 216462 | &nbsp;&nbsp;&nbsp; 835440 |
| GHCL Ltd.  | 52656 | &nbsp;&nbsp;&nbsp; 240795 |
| GMR Power & Urban Infra Ltd. (b) | 113499 | &nbsp;&nbsp;&nbsp; 109108 |
| Godawari Power & Ispat Ltd.  | 158985 | &nbsp;&nbsp;&nbsp; 454936 |
| Graphite India Ltd.  | 113711 | &nbsp;&nbsp;&nbsp; 749387 |
| Great Eastern Shipping Co. Ltd.  | 50162 | &nbsp;&nbsp;&nbsp; 752826 |
| Gujarat Pipavav Port Ltd.  | 556789 | &nbsp;&nbsp;&nbsp; 860335 |
| Gujarat State Petronet Ltd.  | 95517 | &nbsp;&nbsp;&nbsp; 232230 |
| HCL Technologies Ltd.  | 197543 | &nbsp;&nbsp;&nbsp; 2855922 |
| HDFC Asset Management Co. Ltd.  | 29154 | &nbsp;&nbsp;&nbsp; 704315 |
| HDFC Bank Ltd.  | 897901 | &nbsp;&nbsp;&nbsp; 7173214 |
| Hero MotoCorp Ltd.  | 50184 | &nbsp;&nbsp;&nbsp; 2776305 |
| Hindalco Industries Ltd.  | 353752 | &nbsp;&nbsp;&nbsp; 3371260 |
| Hindustan Aeronautics Ltd.  | 42367 | &nbsp;&nbsp;&nbsp; 1565091 |
| Hindustan Petroleum Corp. Ltd.  | 334833 | &nbsp;&nbsp;&nbsp; 1232187 |
| ICICI Bank Ltd.  | 376135 | &nbsp;&nbsp;&nbsp; 4920628 |
| Indian Bank | 116461 | &nbsp;&nbsp;&nbsp; 1050238 |
| Indian Metals & Ferro Alloys Ltd.  | 21030 | &nbsp;&nbsp;&nbsp; 276390 |
| Indian Oil Corp. Ltd.  | 1380423 | &nbsp;&nbsp;&nbsp; 2035701 |
| Indraprastha Gas Ltd.  | 162390 | &nbsp;&nbsp;&nbsp; 251826 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **India — (Continued)** | **India — (Continued)** | **India — (Continued)** |
| Indus Towers Ltd. (b) | 600518 | &nbsp;&nbsp;&nbsp; $2646241 |
| Infosys Ltd.  | 253108 | &nbsp;&nbsp;&nbsp; 3367109 |
| Infosys Ltd. (ADR) (a) | 49400 | &nbsp;&nbsp;&nbsp; 667394 |
| ITC Ltd.  | 372338 | &nbsp;&nbsp;&nbsp; 1150560 |
| Jayaswal NECO Industries Ltd. (b) | 348303 | &nbsp;&nbsp;&nbsp; 273779 |
| JM Financial Ltd.  | 127041 | &nbsp;&nbsp;&nbsp; 153808 |
| Karur Vysya Bank Ltd.  | 358850 | &nbsp;&nbsp;&nbsp; 1135192 |
| KCP Ltd.  | 154561 | &nbsp;&nbsp;&nbsp; 205526 |
| KRBL Ltd.  | 92031 | &nbsp;&nbsp;&nbsp; 284369 |
| Larsen & Toubro Ltd.  | 36372 | &nbsp;&nbsp;&nbsp; 1356540 |
| LG Balakrishnan & Bros Ltd.  | 9678 | &nbsp;&nbsp;&nbsp; 169624 |
| Lupin Ltd.  | 75156 | &nbsp;&nbsp;&nbsp; 1863371 |
| Mahindra & Mahindra Ltd.  | 131979 | &nbsp;&nbsp;&nbsp; 4277818 |
| Maruti Suzuki India Ltd.  | 2752 | &nbsp;&nbsp;&nbsp; 366464 |
| Mphasis Ltd.  | 49651 | &nbsp;&nbsp;&nbsp; 1107758 |
| Muthoot Finance Ltd.  | 63512 | &nbsp;&nbsp;&nbsp; 2153982 |
| National Aluminium Co. Ltd.  | 257911 | &nbsp;&nbsp;&nbsp; 1080015 |
| Nava Ltd.  | 133739 | &nbsp;&nbsp;&nbsp; 782400 |
| NMDC Ltd.  | 1575423 | &nbsp;&nbsp;&nbsp; 1301178 |
| NTPC Ltd.  | 755779 | &nbsp;&nbsp;&nbsp; 3011402 |
| Oil & Natural Gas Corp. Ltd.  | 872046 | &nbsp;&nbsp;&nbsp; 2624731 |
| Oracle Financial Services Software Ltd.  | 18336 | &nbsp;&nbsp;&nbsp; 1306784 |
| Petronet LNG Ltd.  | 604773 | &nbsp;&nbsp;&nbsp; 1645225 |
| Power Finance Corp. Ltd.  | 183405 | &nbsp;&nbsp;&nbsp; 759856 |
| Power Grid Corp. of India Ltd.  | 769058 | &nbsp;&nbsp;&nbsp; 2413657 |
| PTC India Ltd.  | 266385 | &nbsp;&nbsp;&nbsp; 446400 |
| REC Ltd.  | 199536 | &nbsp;&nbsp;&nbsp; 647130 |
| Redington Ltd.  | 90369 | &nbsp;&nbsp;&nbsp; 195603 |
| Reliance Industries Ltd.  | 520337 | &nbsp;&nbsp;&nbsp; 7564626 |
| Shipping Corp. of India Ltd.  | 84241 | &nbsp;&nbsp;&nbsp; 205388 |
| Shriram Finance Ltd.  | 168376 | &nbsp;&nbsp;&nbsp; 1559956 |
| State Bank of India | 141511 | &nbsp;&nbsp;&nbsp; 1510287 |
| Sun Pharmaceutical Industries Ltd.  | 152160 | &nbsp;&nbsp;&nbsp; 2873034 |
| Surya Roshni Ltd.  | 57810 | &nbsp;&nbsp;&nbsp; 116194 |
| Tata Consultancy Services Ltd.  | 48428 | &nbsp;&nbsp;&nbsp; 1229178 |
| Tata Motors Passenger Vehicles Ltd.  | 365066 | &nbsp;&nbsp;&nbsp; 1186351 |
| Tata Steel Ltd.  | 1263221 | &nbsp;&nbsp;&nbsp; 2574744 |
| Tech Mahindra Ltd.  | 76008 | &nbsp;&nbsp;&nbsp; 1152590 |
| Thomas Cook India Ltd.  | 131890 | &nbsp;&nbsp;&nbsp; 129360 |
| TVS Holdings Ltd. (b) | 1298 | &nbsp;&nbsp;&nbsp; 195647 |
| TVS Motor Co. Ltd.  | 69755 | &nbsp;&nbsp;&nbsp; 2550790 |
| UPL Ltd.  | 298347 | &nbsp;&nbsp;&nbsp; 1803563 |
| Vedanta Ltd.  | 438110 | &nbsp;&nbsp;&nbsp; 3130033 |
| Wipro Ltd.  | 1007740 | &nbsp;&nbsp;&nbsp; 2019575 |
| Zydus Lifesciences Ltd.  | 28340 | &nbsp;&nbsp;&nbsp; 268800 |
|  |  | &nbsp;&nbsp;&nbsp; 131207128 |
| **Indonesia — 1.0%** | **Indonesia — 1.0%** | **Indonesia — 1.0%** |
| Adaro Andalan Indonesia PT | 240200 | &nbsp;&nbsp;&nbsp; 160265 |
| Aneka Tambang Tbk. PT | 3370000 | &nbsp;&nbsp;&nbsp; 708870 |
| Astra International Tbk. PT | 7532200 | &nbsp;&nbsp;&nbsp; 2808182 |
| Bank Rakyat Indonesia Persero Tbk. PT | 6858200 | &nbsp;&nbsp;&nbsp; 1351557 |
| Bukit Asam Persero Tbk. PT | 2276200 | &nbsp;&nbsp;&nbsp; 426596 |
| Elang Mahkota Teknologi Tbk. PT | 3344100 | &nbsp;&nbsp;&nbsp; 151369 |
| Elnusa Tbk. PT | 7753800 | &nbsp;&nbsp;&nbsp; 343267 |
| Indosat Tbk. PT | 2038800 | &nbsp;&nbsp;&nbsp; 252309 |

---

**BHFTI-305**

------

**Brighthouse Funds Trust I**

**State Street Emerging Markets Enhanced Index Portfolio (formerly, SSGA Emerging Markets Enhanced Index Portfolio)**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Indonesia — (Continued)** | **Indonesia — (Continued)** | **Indonesia — (Continued)** |
| Japfa Comfeed Indonesia Tbk. PT | 7115800 | &nbsp;&nbsp;&nbsp; $992605 |
| Perusahaan Gas Negara Persero Tbk. PT | 9389000 | &nbsp;&nbsp;&nbsp; 1027519 |
| Trimegah Bangun Persada Tbk. PT | 11907800 | &nbsp;&nbsp;&nbsp; 770236 |
| Triputra Agro Persada PT | 1531500 | &nbsp;&nbsp;&nbsp; 171483 |
| United Tractors Tbk. PT | 856500 | &nbsp;&nbsp;&nbsp; 1570662 |
|  |  | &nbsp;&nbsp;&nbsp; 10734920 |
| **Kuwait — 0.4%** | **Kuwait — 0.4%** | **Kuwait — 0.4%** |
| Ali Alghanim Sons Automotive Co. KSCC | 95622 | &nbsp;&nbsp;&nbsp; 333339 |
| Commercial Real Estate Co. KSC | 329616 | &nbsp;&nbsp;&nbsp; 192270 |
| Gulf Cables & Electrical Industries Group Co. KSCP | 42124 | &nbsp;&nbsp;&nbsp; 272803 |
| Kuwait Finance House KSCP | 565202 | &nbsp;&nbsp;&nbsp; 1469609 |
| Mobile Telecommunications Co. KSCP | 960700 | &nbsp;&nbsp;&nbsp; 1777193 |
| National Bank of Kuwait SAKP | 106610 | &nbsp;&nbsp;&nbsp; 315636 |
| National Investments Co. KSCP | 282118 | &nbsp;&nbsp;&nbsp; 253392 |
|  |  | &nbsp;&nbsp;&nbsp; 4614242 |
| **Malaysia — 1.1%** | **Malaysia — 1.1%** | **Malaysia — 1.1%** |
| Aeon Co. M Bhd.  | 934700 | &nbsp;&nbsp;&nbsp; 248184 |
| AMMB Holdings Bhd.  | 1552754 | &nbsp;&nbsp;&nbsp; 2542625 |
| CIMB Group Holdings Bhd.  | 478523 | &nbsp;&nbsp;&nbsp; 897084 |
| KPJ Healthcare Bhd.  | 423200 | &nbsp;&nbsp;&nbsp; 357977 |
| Malayan Banking Bhd.  | 1171567 | &nbsp;&nbsp;&nbsp; 3300014 |
| Maxis Bhd.  | 221600 | &nbsp;&nbsp;&nbsp; 197664 |
| Petronas Dagangan Bhd.  | 63900 | &nbsp;&nbsp;&nbsp; 344836 |
| RHB Bank Bhd.  | 1237600 | &nbsp;&nbsp;&nbsp; 2586589 |
| Sunway Real Estate Investment Trust (REIT) | 348200 | &nbsp;&nbsp;&nbsp; 199174 |
| Ta Ann Holdings Bhd.  | 201000 | &nbsp;&nbsp;&nbsp; 269128 |
| United Plantations Bhd.  | 17350 | &nbsp;&nbsp;&nbsp; 145875 |
| Velesto Energy Bhd.  | 3840900 | &nbsp;&nbsp;&nbsp; 321678 |
|  |  | &nbsp;&nbsp;&nbsp; 11410828 |
| **Mexico — 2.0%** | **Mexico — 2.0%** | **Mexico — 2.0%** |
| Alsea SAB de CV | 115700 | &nbsp;&nbsp;&nbsp; 373896 |
| America Movil SAB de CV - Series B | 532400 | &nbsp;&nbsp;&nbsp; 676973 |
| Arca Continental SAB de CV | 97400 | &nbsp;&nbsp;&nbsp; 1121923 |
| Banco del Bajio SA | 125400 | &nbsp;&nbsp;&nbsp; 387541 |
| Cemex SAB de CV (ADR) | 93500 | &nbsp;&nbsp;&nbsp; 1069640 |
| Fibra Uno Administracion SA de CV (REIT) | 1568400 | &nbsp;&nbsp;&nbsp; 2562225 |
| Fomento Economico Mexicano SAB de CV | 216800 | &nbsp;&nbsp;&nbsp; 2402787 |
| Grupo Financiero Banorte SAB de CV - Class O | 412900 | &nbsp;&nbsp;&nbsp; 4572010 |
| Grupo Mexico SAB de CV - Series B | 316500 | &nbsp;&nbsp;&nbsp; 3385383 |
| Industrias Penoles SAB de CV (b) | 21700 | &nbsp;&nbsp;&nbsp; 967341 |
| Kimberly-Clark de Mexico SAB de CV - Class A (a) | 222800 | &nbsp;&nbsp;&nbsp; 527570 |
| Megacable Holdings SAB de CV | 85700 | &nbsp;&nbsp;&nbsp; 296744 |
| Promotora y Operadora de Infraestructura SAB de CV | 124055 | &nbsp;&nbsp;&nbsp; 2009950 |
| Regional SAB de CV | 135100 | &nbsp;&nbsp;&nbsp; 1159389 |
|  |  | &nbsp;&nbsp;&nbsp; 21513372 |
| **Peru — 0.4%** | **Peru — 0.4%** | **Peru — 0.4%** |
| Credicorp Ltd.  | 10220 | &nbsp;&nbsp;&nbsp; 3466419 |
| Intercorp Financial Services, Inc.  | 23378 | &nbsp;&nbsp;&nbsp; 1173576 |
|  |  | &nbsp;&nbsp;&nbsp; 4639995 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Philippines — 0.2%** | **Philippines — 0.2%** | **Philippines — 0.2%** |
| DMCI Holdings, Inc.  | 2448600 | &nbsp;&nbsp;&nbsp; $402705 |
| GT Capital Holdings, Inc.  | 36100 | &nbsp;&nbsp;&nbsp; 310495 |
| International Container Terminal Services, Inc.  | 102600 | &nbsp;&nbsp;&nbsp; 1176617 |
| Metropolitan Bank & Trust Co.  | 355080 | &nbsp;&nbsp;&nbsp; 373020 |
|  |  | &nbsp;&nbsp;&nbsp; 2262837 |
| **Poland — 1.0%** | **Poland — 1.0%** | **Poland — 1.0%** |
| Asseco Poland SA | 5431 | &nbsp;&nbsp;&nbsp; 248647 |
| Bank Handlowy w Warszawie SA | 15423 | &nbsp;&nbsp;&nbsp; 461035 |
| Bank Polska Kasa Opieki SA | 41368 | &nbsp;&nbsp;&nbsp; 2445403 |
| Enea SA | 134003 | &nbsp;&nbsp;&nbsp; 892966 |
| ORLEN SA | 105070 | &nbsp;&nbsp;&nbsp; 3786678 |
| Powszechna Kasa Oszczednosci Bank Polski SA | 87485 | &nbsp;&nbsp;&nbsp; 2068843 |
| Rainbow Tours SA | 10576 | &nbsp;&nbsp;&nbsp; 373999 |
| Santander Bank Polska SA | 4056 | &nbsp;&nbsp;&nbsp; 644534 |
|  |  | &nbsp;&nbsp;&nbsp; 10922105 |
| **Qatar — 0.7%** | **Qatar — 0.7%** | **Qatar — 0.7%** |
| Ooredoo QPSC | 499090 | &nbsp;&nbsp;&nbsp; 1707868 |
| Qatar Islamic Bank QPSC | 266928 | &nbsp;&nbsp;&nbsp; 1664828 |
| Qatar National Bank QPSC | 799041 | &nbsp;&nbsp;&nbsp; 3748435 |
| Vodafone Qatar PQSC | 518770 | &nbsp;&nbsp;&nbsp; 336186 |
|  |  | &nbsp;&nbsp;&nbsp; 7457317 |
| **Russia — 0.0%** | **Russia — 0.0%** | **Russia — 0.0%** |
| Gazprom PJSC (b) (c) (d) | 595658 | &nbsp;&nbsp;&nbsp; 0 |
| LUKOIL PJSC (b) (c) (d) | 284391 | &nbsp;&nbsp;&nbsp; 0 |
| Mobile TeleSystems PJSC (b) (c) (d) | 253200 | &nbsp;&nbsp;&nbsp; 0 |
| Novatek PJSC (b) (c) (d) | 928138 | &nbsp;&nbsp;&nbsp; 0 |
| Novolipetsk Steel PJSC (GDR) (b) (c) (d) | 19696 | &nbsp;&nbsp;&nbsp; 0 |
| PhosAgro PJSC (b) (c) (d) | 287 | &nbsp;&nbsp;&nbsp; 0 |
| PhosAgro PJSC (GDR) (b) (c) (d) | 44560 | &nbsp;&nbsp;&nbsp; 0 |
| Rosneft Oil Co. PJSC (b) (c) (d) | 77745 | &nbsp;&nbsp;&nbsp; 0 |
| Sberbank of Russia PJSC † (b) (c) (d) | 2524904 | &nbsp;&nbsp;&nbsp; 0 |
| Severstal PAO (GDR) (b) (c) (d) | 30364 | &nbsp;&nbsp;&nbsp; 0 |
|  |  | &nbsp;&nbsp;&nbsp; 0 |
| **Saudi Arabia — 3.1%** | **Saudi Arabia — 3.1%** | **Saudi Arabia — 3.1%** |
| Al Babtain Power & Telecommunication Co.  | 64823 | &nbsp;&nbsp;&nbsp; 1149524 |
| Al Rajhi Bank | 182571 | &nbsp;&nbsp;&nbsp; 5199327 |
| Arab National Bank | 441593 | &nbsp;&nbsp;&nbsp; 2536798 |
| Banque Saudi Fransi | 558987 | &nbsp;&nbsp;&nbsp; 2967333 |
| Etihad Etisalat Co.  | 165549 | &nbsp;&nbsp;&nbsp; 2880345 |
| Jarir Marketing Co.  | 133939 | &nbsp;&nbsp;&nbsp; 505085 |
| Mobile Telecommunications Co. Saudi Arabia | 185283 | &nbsp;&nbsp;&nbsp; 569926 |
| Riyad Bank | 342321 | &nbsp;&nbsp;&nbsp; 2697628 |
| Riyadh Cables Group Co.  | 28741 | &nbsp;&nbsp;&nbsp; 919412 |
| SABIC Agri-Nutrients Co.  | 84692 | &nbsp;&nbsp;&nbsp; 3270024 |
| Saudi Arabian Mining Co. (b) | 24295 | &nbsp;&nbsp;&nbsp; 421643 |
| Saudi Arabian Oil Co.  | 304435 | &nbsp;&nbsp;&nbsp; 2219843 |
| Saudi Awwal Bank | 158165 | &nbsp;&nbsp;&nbsp; 1575503 |
| Saudi Investment Bank | 183070 | &nbsp;&nbsp;&nbsp; 645509 |
| Saudi National Bank | 234508 | &nbsp;&nbsp;&nbsp; 2610364 |
| Saudi Telecom Co.  | 223386 | &nbsp;&nbsp;&nbsp; 2528914 |
|  |  | &nbsp;&nbsp;&nbsp; 32697178 |

---

**BHFTI-306**

------

**Brighthouse Funds Trust I**

**State Street Emerging Markets Enhanced Index Portfolio (formerly, SSGA Emerging Markets Enhanced Index Portfolio)**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **South Africa — 3.0%** | **South Africa — 3.0%** | **South Africa — 3.0%** |
| Absa Group Ltd.  | 116356 | &nbsp;&nbsp;&nbsp; $1664071 |
| Capitec Bank Holdings Ltd.  | 2934 | &nbsp;&nbsp;&nbsp; 720329 |
| FirstRand Ltd. (a) | 263289 | &nbsp;&nbsp;&nbsp; 1345774 |
| Gold Fields Ltd.  | 114120 | &nbsp;&nbsp;&nbsp; 5308726 |
| Harmony Gold Mining Co. Ltd.  | 126523 | &nbsp;&nbsp;&nbsp; 1951682 |
| Investec Ltd.  | 76543 | &nbsp;&nbsp;&nbsp; 573432 |
| Momentum Group Ltd.  | 492536 | &nbsp;&nbsp;&nbsp; 1048263 |
| Motus Holdings Ltd.  | 38106 | &nbsp;&nbsp;&nbsp; 263708 |
| Naspers Ltd. - N Shares | 92240 | &nbsp;&nbsp;&nbsp; 4777005 |
| Netcare Ltd.  | 540066 | &nbsp;&nbsp;&nbsp; 528050 |
| Old Mutual Ltd.  | 1268923 | &nbsp;&nbsp;&nbsp; 1045609 |
| Omnia Holdings Ltd.  | 89566 | &nbsp;&nbsp;&nbsp; 504946 |
| Resilient REIT Ltd. (REIT) | 138602 | &nbsp;&nbsp;&nbsp; 652363 |
| Reunert Ltd.  | 21613 | &nbsp;&nbsp;&nbsp; 83213 |
| Sasol Ltd. (b) | 20330 | &nbsp;&nbsp;&nbsp; 270975 |
| Shoprite Holdings Ltd.  | 146148 | &nbsp;&nbsp;&nbsp; 2391873 |
| Sibanye Stillwater Ltd.  | 44939 | &nbsp;&nbsp;&nbsp; 137422 |
| Standard Bank Group Ltd.  | 248456 | &nbsp;&nbsp;&nbsp; 4503584 |
| Sun International Ltd.  | 129444 | &nbsp;&nbsp;&nbsp; 366611 |
| Telkom SA SOC Ltd.  | 119644 | &nbsp;&nbsp;&nbsp; 416725 |
| Valterra Platinum Ltd.  | 8207 | &nbsp;&nbsp;&nbsp; 705533 |
| Vodacom Group Ltd.  | 239006 | &nbsp;&nbsp;&nbsp; 2043661 |
| Wilson Bayly Holmes-Ovcon Ltd.  | 37027 | &nbsp;&nbsp;&nbsp; 345101 |
|  |  | &nbsp;&nbsp;&nbsp; 31648656 |
| **South Korea — 14.9%** | **South Korea — 14.9%** | **South Korea — 14.9%** |
| Amorepacific Holdings Corp.  | 10562 | &nbsp;&nbsp;&nbsp; 192991 |
| BGF retail Co. Ltd.  | 5450 | &nbsp;&nbsp;&nbsp; 501190 |
| BNK Financial Group, Inc.  | 42541 | &nbsp;&nbsp;&nbsp; 499586 |
| Celltrion, Inc.  | 2639 | &nbsp;&nbsp;&nbsp; 344341 |
| Daou Technology, Inc.  | 8384 | &nbsp;&nbsp;&nbsp; 242084 |
| DB Insurance Co. Ltd.  | 9824 | &nbsp;&nbsp;&nbsp; 1073870 |
| Doosan Bobcat, Inc.  | 15149 | &nbsp;&nbsp;&nbsp; 570935 |
| Doosan Enerbility Co. Ltd. (b) | 14533 | &nbsp;&nbsp;&nbsp; 896932 |
| DoubleUGames Co. Ltd.  | 6287 | &nbsp;&nbsp;&nbsp; 205458 |
| Ecopro Co. Ltd.  | 1424 | &nbsp;&nbsp;&nbsp; 134039 |
| Elentec Co. Ltd.  | 17078 | &nbsp;&nbsp;&nbsp; 114277 |
| GS Retail Co. Ltd.  | 29622 | &nbsp;&nbsp;&nbsp; 426693 |
| Hana Financial Group, Inc.  | 53860 | &nbsp;&nbsp;&nbsp; 3815779 |
| Hankook Tire & Technology Co. Ltd.  | 57998 | &nbsp;&nbsp;&nbsp; 2068449 |
| Hanwha Aerospace Co. Ltd.  | 1958 | &nbsp;&nbsp;&nbsp; 1595442 |
| Hanwha Systems Co. Ltd.  | 1923 | &nbsp;&nbsp;&nbsp; 142017 |
| Harim Holdings Co. Ltd.  | 25606 | &nbsp;&nbsp;&nbsp; 238218 |
| HD Hyundai Co. Ltd.  | 13706 | &nbsp;&nbsp;&nbsp; 2157619 |
| HD Hyundai Electric Co. Ltd.  | 2205 | &nbsp;&nbsp;&nbsp; 1230077 |
| HD Korea Shipbuilding & Offshore Engineering Co. Ltd.  | 9871 | &nbsp;&nbsp;&nbsp; 2253141 |
| HMM Co. Ltd.  | 43558 | &nbsp;&nbsp;&nbsp; 558113 |
| Hyundai Department Store Co. Ltd.  | 2538 | &nbsp;&nbsp;&nbsp; 134010 |
| Hyundai Glovis Co. Ltd.  | 15866 | &nbsp;&nbsp;&nbsp; 2193883 |
| Hyundai Mobis Co. Ltd.  | 12214 | &nbsp;&nbsp;&nbsp; 3141084 |
| Hyundai Motor Co.  | 13720 | &nbsp;&nbsp;&nbsp; 4089095 |
| KB Financial Group, Inc.  | 56715 | &nbsp;&nbsp;&nbsp; 5305980 |
| KCC Corp.  | 550 | &nbsp;&nbsp;&nbsp; 176534 |
| Kia Corp.  | 43342 | &nbsp;&nbsp;&nbsp; 4171777 |
| Korea Electric Power Corp.  | 80933 | &nbsp;&nbsp;&nbsp; 2223070 |
| Korea Investment Holdings Co. Ltd.  | 18328 | &nbsp;&nbsp;&nbsp; 2504133 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **South Korea — (Continued)** | **South Korea — (Continued)** | **South Korea — (Continued)** |
| KT&G Corp.  | 30715 | &nbsp;&nbsp;&nbsp; $3212649 |
| LG Display Co. Ltd. (b) | 182417 | &nbsp;&nbsp;&nbsp; 1361077 |
| LG Electronics, Inc.  | 6553 | &nbsp;&nbsp;&nbsp; 469943 |
| LG Innotek Co. Ltd.  | 926 | &nbsp;&nbsp;&nbsp; 181595 |
| LS Corp.  | 5040 | &nbsp;&nbsp;&nbsp; 864662 |
| LS Electric Co. Ltd.  | 932 | &nbsp;&nbsp;&nbsp; 448826 |
| LX International Corp.  | 10040 | &nbsp;&nbsp;&nbsp; 298450 |
| Meritz Financial Group, Inc. (b) | 14851 | &nbsp;&nbsp;&nbsp; 1099895 |
| NAVER Corp.  | 7645 | &nbsp;&nbsp;&nbsp; 1019351 |
| NHN Corp.  | 17130 | &nbsp;&nbsp;&nbsp; 421759 |
| NICE Information Service Co. Ltd.  | 35075 | &nbsp;&nbsp;&nbsp; 367845 |
| Samsung Card Co. Ltd.  | 22303 | &nbsp;&nbsp;&nbsp; 779498 |
| Samsung Electro-Mechanics Co. Ltd.  | 13034 | &nbsp;&nbsp;&nbsp; 3563208 |
| Samsung Electronics Co. Ltd.  | 495148 | &nbsp;&nbsp;&nbsp; 55619994 |
| Samsung SDS Co. Ltd.  | 3601 | &nbsp;&nbsp;&nbsp; 358050 |
| Samsung Securities Co. Ltd.  | 16911 | &nbsp;&nbsp;&nbsp; 1040150 |
| Shinhan Financial Group Co. Ltd.  | 80239 | &nbsp;&nbsp;&nbsp; 4626917 |
| SK Hynix, Inc.  | 58525 | &nbsp;&nbsp;&nbsp; 31831318 |
| SK Square Co. Ltd. (b) | 11804 | &nbsp;&nbsp;&nbsp; 3746234 |
| TYM Corp.  | 43835 | &nbsp;&nbsp;&nbsp; 187284 |
| Wonik Materials Co. Ltd.  | 8736 | &nbsp;&nbsp;&nbsp; 233245 |
| Woori Financial Group, Inc.  | 155831 | &nbsp;&nbsp;&nbsp; 3287662 |
| Youngone Corp.  | 8473 | &nbsp;&nbsp;&nbsp; 438628 |
| Youngone Holdings Co. Ltd.  | 1474 | &nbsp;&nbsp;&nbsp; 213272 |
|  |  | &nbsp;&nbsp;&nbsp; 158872329 |
| **Taiwan — 22.4%** | **Taiwan — 22.4%** | **Taiwan — 22.4%** |
| Accton Technology Corp.  | 35000 | &nbsp;&nbsp;&nbsp; 1704177 |
| Anpec Electronics Corp.  | 45000 | &nbsp;&nbsp;&nbsp; 300465 |
| ASE Technology Holding Co. Ltd.  | 545000 | &nbsp;&nbsp;&nbsp; 5978588 |
| Asia Vital Components Co. Ltd.  | 7000 | &nbsp;&nbsp;&nbsp; 452255 |
| Asustek Computer, Inc.  | 67000 | &nbsp;&nbsp;&nbsp; 1166219 |
| Bizlink Holding, Inc.  | 20128 | &nbsp;&nbsp;&nbsp; 1127801 |
| Cathay Financial Holding Co. Ltd.  | 1527703 | &nbsp;&nbsp;&nbsp; 3417915 |
| Charoen Pokphand Enterprise | 63000 | &nbsp;&nbsp;&nbsp; 268204 |
| China Airlines Ltd.  | 860000 | &nbsp;&nbsp;&nbsp; 490191 |
| Chroma ATE, Inc.  | 31000 | &nbsp;&nbsp;&nbsp; 1482150 |
| Chunghwa Telecom Co. Ltd.  | 98000 | &nbsp;&nbsp;&nbsp; 408992 |
| Compal Electronics, Inc.  | 428000 | &nbsp;&nbsp;&nbsp; 367769 |
| CTBC Financial Holding Co. Ltd.  | 2953000 | &nbsp;&nbsp;&nbsp; 4800540 |
| CviLux Corp.  | 342000 | &nbsp;&nbsp;&nbsp; 856608 |
| Delta Electronics, Inc.  | 246000 | &nbsp;&nbsp;&nbsp; 10948894 |
| E.Sun Financial Holding Co. Ltd.  | 3107207 | &nbsp;&nbsp;&nbsp; 3093691 |
| Elite Material Co. Ltd.  | 24000 | &nbsp;&nbsp;&nbsp; 2009223 |
| Eva Airways Corp.  | 1817000 | &nbsp;&nbsp;&nbsp; 1942034 |
| Evergreen International Storage & Transport Corp.  | 211000 | &nbsp;&nbsp;&nbsp; 336068 |
| Far Eastern New Century Corp.  | 657000 | &nbsp;&nbsp;&nbsp; 544213 |
| First Financial Holding Co. Ltd.  | 2549580 | &nbsp;&nbsp;&nbsp; 2272058 |
| FSP Technology, Inc.  | 226000 | &nbsp;&nbsp;&nbsp; 359478 |
| Fubon Financial Holding Co. Ltd.  | 1060669 | &nbsp;&nbsp;&nbsp; 2887835 |
| Hon Hai Precision Industry Co. Ltd.  | 1541000 | &nbsp;&nbsp;&nbsp; 9271848 |
| Innolux Corp.  | 551000 | &nbsp;&nbsp;&nbsp; 427621 |
| KGI Financial Holding Co. Ltd.  | 3237280 | &nbsp;&nbsp;&nbsp; 2002813 |
| Kindom Development Co. Ltd.  | 28620 | &nbsp;&nbsp;&nbsp; 28690 |
| King Slide Works Co. Ltd.  | 6000 | &nbsp;&nbsp;&nbsp; 608364 |
| Kuang Hong Arts Management, Inc.  | 36000 | &nbsp;&nbsp;&nbsp; 113599 |

---

**BHFTI-307**

------

**Brighthouse Funds Trust I**

**State Street Emerging Markets Enhanced Index Portfolio (formerly, SSGA Emerging Markets Enhanced Index Portfolio)**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Taiwan — (Continued)** | **Taiwan — (Continued)** | **Taiwan — (Continued)** |
| Kung Long Batteries Industrial Co. Ltd.  | 7000 | &nbsp;&nbsp;&nbsp; $27103 |
| Lion Travel Service Co. Ltd.  | 166000 | &nbsp;&nbsp;&nbsp; 814785 |
| Lite-On Technology Corp.  | 566000 | &nbsp;&nbsp;&nbsp; 2545430 |
| MediaTek, Inc.  | 193000 | &nbsp;&nbsp;&nbsp; 9345269 |
| Nan Pao Resins Chemical Co. Ltd.  | 55000 | &nbsp;&nbsp;&nbsp; 537383 |
| Powertech Technology, Inc.  | 151000 | &nbsp;&nbsp;&nbsp; 935021 |
| Quanta Computer, Inc.  | 208000 | &nbsp;&nbsp;&nbsp; 1838021 |
| Realtek Semiconductor Corp.  | 170000 | &nbsp;&nbsp;&nbsp; 2582474 |
| Shinkong Insurance Co. Ltd.  | 98000 | &nbsp;&nbsp;&nbsp; 360707 |
| Silicon Motion Technology Corp. (ADR) | 5800 | &nbsp;&nbsp;&nbsp; 651282 |
| Sinon Corp.  | 249000 | &nbsp;&nbsp;&nbsp; 345790 |
| SinoPac Financial Holdings Co. Ltd.  | 669466 | &nbsp;&nbsp;&nbsp; 654295 |
| Taiwan FU Hsing Industrial Co. Ltd.  | 241600 | &nbsp;&nbsp;&nbsp; 342078 |
| Taiwan Semiconductor Manufacturing Co. Ltd.  | 2525000 | &nbsp;&nbsp;&nbsp; 142347978 |
| Teco Electric & Machinery Co. Ltd.  | 36000 | &nbsp;&nbsp;&nbsp; 68927 |
| Topkey Corp.  | 25000 | &nbsp;&nbsp;&nbsp; 117953 |
| Tripod Technology Corp.  | 105000 | &nbsp;&nbsp;&nbsp; 1150744 |
| TS Financial Holding Co. Ltd.  | 3147000 | &nbsp;&nbsp;&nbsp; 2315674 |
| United Microelectronics Corp.  | 2304000 | &nbsp;&nbsp;&nbsp; 4118700 |
| Wiwynn Corp.  | 3000 | &nbsp;&nbsp;&nbsp; 316486 |
| WNC Corp.  | 151000 | &nbsp;&nbsp;&nbsp; 843070 |
| Wowprime Corp.  | 34000 | &nbsp;&nbsp;&nbsp; 244214 |
| Yageo Corp.  | 91000 | &nbsp;&nbsp;&nbsp; 726115 |
| Yuanta Financial Holding Co. Ltd.  | 2606040 | &nbsp;&nbsp;&nbsp; 3709911 |
| Zhen Ding Technology Holding Ltd.  | 431000 | &nbsp;&nbsp;&nbsp; 2878724 |
|  |  | &nbsp;&nbsp;&nbsp; 239486437 |
| **Thailand — 0.9%** | **Thailand — 0.9%** | **Thailand — 0.9%** |
| Charoen Pokphand Foods PCL (NVDR) | 1529600 | &nbsp;&nbsp;&nbsp; 983931 |
| Delta Electronics Thailand PCL (NVDR) | 191000 | &nbsp;&nbsp;&nbsp; 1550982 |
| Kasikornbank PCL (NVDR) | 188400 | &nbsp;&nbsp;&nbsp; 1101461 |
| PTG Energy PCL (NVDR) | 269300 | &nbsp;&nbsp;&nbsp; 71865 |
| PTT PCL (NVDR) | 1133300 | &nbsp;&nbsp;&nbsp; 1212933 |
| SCB X PCL (NVDR) | 269500 | &nbsp;&nbsp;&nbsp; 1185666 |
| Siam City Cement PCL (NVDR) | 41300 | &nbsp;&nbsp;&nbsp; 174722 |
| Thai Union Group PCL (NVDR) | 1464200 | &nbsp;&nbsp;&nbsp; 502732 |
| Thaifoods Group PCL (NVDR) | 1712100 | &nbsp;&nbsp;&nbsp; 454021 |
| Tisco Financial Group PCL (NVDR) | 332300 | &nbsp;&nbsp;&nbsp; 1142656 |
| TMBThanachart Bank PCL | 16078500 | &nbsp;&nbsp;&nbsp; 1121302 |
| TMBThanachart Bank PCL (NVDR) | 2884700 | &nbsp;&nbsp;&nbsp; 202854 |
| TOA Paint Thailand PCL (NVDR) | 282300 | &nbsp;&nbsp;&nbsp; 112329 |
|  |  | &nbsp;&nbsp;&nbsp; 9817454 |
| **Turkey — 0.7%** | **Turkey — 0.7%** | **Turkey — 0.7%** |
| Aselsan Elektronik Sanayi Ve Ticaret AS | 339104 | &nbsp;&nbsp;&nbsp; 2446759 |
| BIM Birlesik Magazalar AS (a) | 118490 | &nbsp;&nbsp;&nbsp; 1845406 |
| Coca-Cola Icecek AS | 347514 | &nbsp;&nbsp;&nbsp; 558240 |
| Dogan Sirketler Grubu Holding AS (a) | 1304869 | &nbsp;&nbsp;&nbsp; 594702 |
| Ford Otomotiv Sanayi AS (a) | 136959 | &nbsp;&nbsp;&nbsp; 315982 |
| Logo Yazilim Sanayi Ve Ticaret AS | 202929 | &nbsp;&nbsp;&nbsp; 608209 |
| Turk Telekomunikasyon AS (b) | 242175 | &nbsp;&nbsp;&nbsp; 320307 |
| Turkiye Garanti Bankasi AS (a) (b) | 146700 | &nbsp;&nbsp;&nbsp; 424835 |
|  |  | &nbsp;&nbsp;&nbsp; 7114440 |
| **United Arab Emirates — 1.4%** | **United Arab Emirates — 1.4%** | **United Arab Emirates — 1.4%** |
| Abu Dhabi Commercial Bank PJSC | 585888 | &nbsp;&nbsp;&nbsp; 1993538 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **United Arab Emirates — (Continued)** | **United Arab Emirates — (Continued)** | **United Arab Emirates — (Continued)** |
| Abu Dhabi Islamic Bank PJSC | 266615 | &nbsp;&nbsp;&nbsp; $1508101 |
| Aldar Properties PJSC (b) | 529466 | &nbsp;&nbsp;&nbsp; 1133642 |
| Dubai Islamic Bank PJSC (b) | 178360 | &nbsp;&nbsp;&nbsp; 359272 |
| Emaar Development PJSC | 699025 | &nbsp;&nbsp;&nbsp; 2603812 |
| Emaar Properties PJSC | 1154634 | &nbsp;&nbsp;&nbsp; 3728066 |
| Emirates NBD Bank PJSC | 347993 | &nbsp;&nbsp;&nbsp; 2557512 |
| First Abu Dhabi Bank PJSC | 285966 | &nbsp;&nbsp;&nbsp; 1331259 |
| Orascom Construction PLC | 13681 | &nbsp;&nbsp;&nbsp; 120680 |
|  |  | &nbsp;&nbsp;&nbsp; 15335882 |
| **United States — 0.6%** | **United States — 0.6%** | **United States — 0.6%** |
| BeOne Medicines Ltd. - Class A (b) | 7546 | &nbsp;&nbsp;&nbsp; 257609 |
| BeOne Medicines Ltd. - Class H (b) | 117000 | &nbsp;&nbsp;&nbsp; 2652030 |
| JBS NV - Class A (b) | 176050 | &nbsp;&nbsp;&nbsp; 3161858 |
|  |  | &nbsp;&nbsp;&nbsp; 6071497 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $815,529,930) <br>|  | &nbsp;&nbsp;&nbsp; 1029463942 |
| **Preferred Stocks—2.1%** | **Preferred Stocks—2.1%** | **Preferred Stocks—2.1%** |
| **Brazil — 1.4%** | **Brazil — 1.4%** | **Brazil — 1.4%** |
| Banco Bradesco SA | 959500 | &nbsp;&nbsp;&nbsp; 3550994 |
| Itau Unibanco Holding SA | 158547 | &nbsp;&nbsp;&nbsp; 1330854 |
| Itausa SA | 1434694 | &nbsp;&nbsp;&nbsp; 3872124 |
| Petroleo Brasileiro SA - Petrobras | 687900 | &nbsp;&nbsp;&nbsp; 6463525 |
|  |  | &nbsp;&nbsp;&nbsp; 15217497 |
| **Chile — 0.1%** | **Chile — 0.1%** | **Chile — 0.1%** |
| Embotelladora Andina SA | 239575 | &nbsp;&nbsp;&nbsp; 1012295 |
| **India — 0.0%** | **India — 0.0%** | **India — 0.0%** |
| TVS Motor Co. Ltd. (b) | 330784 | &nbsp;&nbsp;&nbsp; 35573 |
| **South Korea — 0.6%** | **South Korea — 0.6%** | **South Korea — 0.6%** |
| Samsung Electronics Co. Ltd.  | 82388 | &nbsp;&nbsp;&nbsp; 6559858 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Preferred Stocks <br>(Cost $14,909,035) <br>|  | &nbsp;&nbsp;&nbsp; 22825223 |
| **Warrants—0.0%** | **Warrants—0.0%** | **Warrants—0.0%** |
| **Malaysia — 0.0%** | **Malaysia — 0.0%** | **Malaysia — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; YTL Corp. Bhd., Expires 06/02/28 (b) <br>(Cost $0)<br>| 79600 | &nbsp;&nbsp;&nbsp; 3735 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—1.0%** | **Short-Term Investments—1.0%** | **Short-Term Investments—1.0%** |
| **Short-Term Investment Funds — 1.0%** |  |  |
| Invesco Treasury Portfolio, Institutional Class |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.560% (e) | 10683657 | &nbsp;&nbsp;&nbsp; 10683657 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $10,683,657) <br>|  | &nbsp;&nbsp;&nbsp; 10683657 |

---

**BHFTI-308**

------

**Brighthouse Funds Trust I**

**State Street Emerging Markets Enhanced Index Portfolio (formerly, SSGA Emerging Markets Enhanced Index Portfolio)**

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

**Securities Lending Reinvestments (f)—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>|
| **Short-Term Investment Funds — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AB Government Money Market Portfolio, <br>Institutional Class, 3.490% (e)<br>| 50000 | &nbsp;&nbsp;&nbsp; $50000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund, <br>Select Class, 3.600% (e)<br>| 700000 | &nbsp;&nbsp;&nbsp; 700000 |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds FedFund, <br>Institutional Shares, 3.550% (e)<br>| 700000 | &nbsp;&nbsp;&nbsp; 700000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class, 3.540% (e)<br>| 700000 | &nbsp;&nbsp;&nbsp; 700000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Government Portfolio, <br>Class I, 3.530% (e)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br>Institutional Shares, 3.530% (e)<br>| 700000 | &nbsp;&nbsp;&nbsp; 700000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares, 3.580% (e)<br>| 700000 | &nbsp;&nbsp;&nbsp; 700000 |
| &nbsp;&nbsp;&nbsp;&nbsp; RBC BlueBay U.S. Government Money Market Fund, <br>Institutional Shares, 3.580% (e)<br>| 300000 | &nbsp;&nbsp;&nbsp; 300000 |
|  |  | &nbsp;&nbsp;&nbsp; 4850000 |

---

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

---

| | | |
|:---|:---|:---|
| **Repurchase Agreement — 0.1%** | **Repurchase Agreement — 0.1%** | **Repurchase Agreement — 0.1%** |
| 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 $890,055; 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 $907,857<br>| 889965 | &nbsp;&nbsp;&nbsp; 889965 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $5,739,965) <br>|  | &nbsp;&nbsp;&nbsp; 5739965 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—99.9% <br>(Cost $846,862,587) <br>|  | &nbsp;&nbsp;&nbsp; 1068716522 |
| Other assets and liabilities (net)—0.1%  |  | &nbsp;&nbsp;&nbsp; 819053 |
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1069535575 |

---

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

---

| | |
|:---|:---|
| \* <br>| Principal amount stated in U.S. dollars unless otherwise noted. |
| † <br>| 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 $0, which is 0.0% <br> of net assets. See details shown in the Restricted Securities table that follows.<br>|
| (a) <br>| All or a portion of the security was held on loan. As of March 31, 2026, the market value of <br> securities loaned was $10,827,010 and the collateral received consisted of cash in the amount of <br> $5,739,965 and non-cash collateral with a value of $5,518,902. 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>|
| (b) <br>| Non-income producing security. |

---

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(f) Represents investment of cash collateral received from securities on loan 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 | 18.5 |
| Banks | 16.1 |
| Technology Hardware, Storage & Peripherals | 7.4 |
| Metals & Mining | 4.9 |
| Interactive Media & Services | 4.6 |
| Oil, Gas & Consumable Fuels | 4.3 |
| Broadline Retail | 3.9 |
| Electronic Equipment, Instruments & Components | 3.7 |
| Insurance | 2.8 |
| Automobiles | 2.7 |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Restricted Securities** | **Acquisition** <br>**Date**<br>| **Shares** | **Cost** | **Value** |
| Sberbank of Russia PJSC | 04/12/19-10/13/21 | &nbsp;&nbsp; 2524904 | &nbsp;&nbsp; $8857252 | &nbsp;&nbsp; $0 |

---

**BHFTI-309**

------

**Brighthouse Funds Trust I**

**State Street Emerging Markets Enhanced Index Portfolio (formerly, SSGA Emerging Markets Enhanced 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>|
| MSCI Emerging Markets Index Futures | &nbsp;&nbsp;&nbsp; 06/19/26 | &nbsp;&nbsp;&nbsp; 220 | USD | 16000600 | &nbsp;&nbsp;&nbsp; $(304808)<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; $6290356 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $6290356 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazil | &nbsp;&nbsp;&nbsp; 37820860 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 37820860 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chile | &nbsp;&nbsp;&nbsp; 3575147 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3575147 |
| &nbsp;&nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp; 8016148 | &nbsp;&nbsp;&nbsp; 252427240 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 260443388 |
| &nbsp;&nbsp;&nbsp;&nbsp; Czech Republic | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1507305 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1507305 |
| &nbsp;&nbsp;&nbsp;&nbsp; Egypt | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 922367 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 922367 |
| &nbsp;&nbsp;&nbsp;&nbsp; Greece | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6571605 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6571605 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3524733 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3524733 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hungary | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3001564 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3001564 |
| &nbsp;&nbsp;&nbsp;&nbsp; India | &nbsp;&nbsp;&nbsp; 667394 | &nbsp;&nbsp;&nbsp; 130539734 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 131207128 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indonesia | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10734920 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10734920 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kuwait | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4614242 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4614242 |
| &nbsp;&nbsp;&nbsp;&nbsp; Malaysia | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11410828 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11410828 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexico | &nbsp;&nbsp;&nbsp; 21513372 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21513372 |
| &nbsp;&nbsp;&nbsp;&nbsp; Peru | &nbsp;&nbsp;&nbsp; 4639995 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4639995 |
| &nbsp;&nbsp;&nbsp;&nbsp; Philippines | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2262837 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2262837 |
| &nbsp;&nbsp;&nbsp;&nbsp; Poland | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10922105 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10922105 |
| &nbsp;&nbsp;&nbsp;&nbsp; Qatar | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7457317 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7457317 |
| &nbsp;&nbsp;&nbsp;&nbsp; Russia | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Saudi Arabia | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 32697178 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 32697178 |
| &nbsp;&nbsp;&nbsp;&nbsp; South Africa | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 31648656 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 31648656 |
| &nbsp;&nbsp;&nbsp;&nbsp; South Korea | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 158872329 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 158872329 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taiwan | &nbsp;&nbsp;&nbsp; 651282 | &nbsp;&nbsp;&nbsp; 238835155 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 239486437 |
| &nbsp;&nbsp;&nbsp;&nbsp; Thailand | &nbsp;&nbsp;&nbsp; 1121302 | &nbsp;&nbsp;&nbsp; 8696152 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9817454 |
| &nbsp;&nbsp;&nbsp;&nbsp; Turkey | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7114440 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7114440 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Arab Emirates | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15335882 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15335882 |
| &nbsp;&nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp; 3161858 | &nbsp;&nbsp;&nbsp; 2909639 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6071497 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 81167358 | &nbsp;&nbsp;&nbsp; 948296584 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 1029463942 |
| Preferred Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazil | &nbsp;&nbsp;&nbsp; 15217497 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15217497 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chile | &nbsp;&nbsp;&nbsp; 1012295 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1012295 |
| &nbsp;&nbsp;&nbsp;&nbsp; India | &nbsp;&nbsp;&nbsp; 35573 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 35573 |
| &nbsp;&nbsp;&nbsp;&nbsp; South Korea | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6559858 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6559858 |
| Total Preferred Stocks | &nbsp;&nbsp;&nbsp; 16265365 | &nbsp;&nbsp;&nbsp; 6559858 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22825223 |
| Total Warrants\* | &nbsp;&nbsp;&nbsp; 3735 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3735 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; 10683657 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10683657 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 4850000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4850000 |

---

**BHFTI-310**

------

**Brighthouse Funds Trust I**

**State Street Emerging Markets Enhanced Index Portfolio (formerly, SSGA Emerging Markets Enhanced 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; Repurchase Agreement | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $889965 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $889965 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 4850000 | &nbsp;&nbsp;&nbsp; 889965 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5739965 |
| Total Investments | &nbsp;&nbsp;&nbsp; $112970115 | &nbsp;&nbsp;&nbsp; $955746407 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $1068716522 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(5739965)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(5739965)<br>|
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; $(304808)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(304808)<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.

**BHFTI-311**

------

**Brighthouse Funds Trust I**

**State Street Moderate ETF Portfolio (formerly, SSGA Growth and Income ETF Portfolio)**

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

**Investment Companies—98.9% of Net Assets**

&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>|
| **Exchange-Traded Funds — 98.9%** | **Exchange-Traded Funds — 98.9%** | **Exchange-Traded Funds — 98.9%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco Optimum Yield Diversified Commodity Strategy No K-1 <br> ETF (a)<br>| 3711516 | &nbsp;&nbsp;&nbsp; $64283458 |
| iShares 0-5 Year TIPS Bond ETF (a) | 652613 | &nbsp;&nbsp;&nbsp; 67499762 |
| iShares 20+ Year Treasury Bond ETF | 377307 | &nbsp;&nbsp;&nbsp; 32708744 |
| iShares Core MSCI Emerging Markets ETF | 2091400 | &nbsp;&nbsp;&nbsp; 145875150 |
| iShares Core S&P 500 ETF | 339707 | &nbsp;&nbsp;&nbsp; 221900009 |
| iShares Core S&P Mid-Cap ETF (a) | 688524 | &nbsp;&nbsp;&nbsp; 46496026 |
| iShares Core S&P Small-Cap ETF (a) | 466931 | &nbsp;&nbsp;&nbsp; 58044193 |
| Schwab International Small-Cap Equity ETF (a) | 687327 | &nbsp;&nbsp;&nbsp; 32125664 |
| SPDR Bloomberg Emerging Markets Local Bond ETF (b) | 1970746 | &nbsp;&nbsp;&nbsp; 40676197 |
| SPDR Gold Shares (a) (b) (c) | 179009 | &nbsp;&nbsp;&nbsp; 77025783 |
| State Street Blackstone Senior Loan ETF (a) (b) | 1052698 | &nbsp;&nbsp;&nbsp; 42255298 |
| State Street SPDR Bloomberg High Yield Bond ETF (a) (b) | 666385 | &nbsp;&nbsp;&nbsp; 63786372 |
| State Street SPDR Portfolio Developed World ex-U.S. ETF (a) (b) <br>| 3744212 | &nbsp;&nbsp;&nbsp; 170923278 |
| State Street SPDR S&P 500 ETF Trust (a) (b) | 443582 | &nbsp;&nbsp;&nbsp; 288479118 |
| Vanguard Long-Term Corporate Bond ETF (a) | 549214 | &nbsp;&nbsp;&nbsp; 41037270 |
| Vanguard Total Bond Market ETF | 2656805 | &nbsp;&nbsp;&nbsp; 195647120 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $1,394,190,678) <br>|  | &nbsp;&nbsp;&nbsp; 1588763442 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—1.1%** | **Short-Term Investments—1.1%** | **Short-Term Investments—1.1%** |
| **Short-Term Investment Funds—1.1%** |  |  |
| Invesco Treasury Portfolio, Institutional Class |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.560% (d) | 18078872 | &nbsp;&nbsp;&nbsp; 18078872 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $18,078,872) <br>|  | &nbsp;&nbsp;&nbsp; 18078872 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (e)—9.2%** | **Securities Lending Reinvestments (e)—9.2%** | **Securities Lending Reinvestments (e)—9.2%** |
| **Certificates of Deposit—1.4%** | **Certificates of Deposit—1.4%** | **Certificates of Deposit—1.4%** |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 11/19/26 (f) | 1000000 | &nbsp;&nbsp;&nbsp; 1000380 |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.960%, SOFR + 0.330%, 07/22/26 (f) | 2000000 | &nbsp;&nbsp;&nbsp; 1999981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.970%, SOFR + 0.340%, 09/21/26 (f) | 1000000 | &nbsp;&nbsp;&nbsp; 999999 |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.760%, 05/12/26 | 2503621 | &nbsp;&nbsp;&nbsp; 2503544 |
| 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 (f) | 1000000 | &nbsp;&nbsp;&nbsp; 999981 |
| MUFG Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.820%, SOFR + 0.190%, 08/07/26 (f) | 2000000 | &nbsp;&nbsp;&nbsp; 1999182 |
| Sumitomo Mitsui Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.840%, SOFR + 0.210%, 07/24/26 (f) | 2000000 | &nbsp;&nbsp;&nbsp; 1999488 |
| 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 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.830%, 04/17/26 | 2000000 | &nbsp;&nbsp;&nbsp; 2000160 |
| Svenska Handelsbanken AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.940%, SOFR + 0.310%, 09/25/26 (f) | 1000000 | &nbsp;&nbsp;&nbsp; 999900 |
|  |  | &nbsp;&nbsp;&nbsp; 22452868 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Commercial Paper—1.0%** | **Commercial Paper—1.0%** | **Commercial Paper—1.0%** |
| 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 (f) | 2000000 | &nbsp;&nbsp;&nbsp; 1999996 |
| ING U.S. Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.960%, SOFR + 0.330%, 09/18/26 (f) | 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 (f) | 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 | 1000000 | &nbsp;&nbsp;&nbsp; 999789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 04/24/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1994836 |
|  |  | &nbsp;&nbsp;&nbsp; 14988242 |
| **Repurchase Agreements—6.5%** | **Repurchase Agreements—6.5%** | **Repurchase Agreements—6.5%** |
| 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 $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 |
| 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 $10,000,986; <br> collateralized by U.S. Treasury Note at 4.000%, maturing <br> 07/31/29, with a market value of $10,200,004<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| 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 4.130%, due on <br> 10/02/26 with a maturity value of $10,212,236; <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 $10,200,132<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| 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 $9,635,880; collateralized <br> by 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 $9,827,603<br>| 9634903 | &nbsp;&nbsp;&nbsp; 9634903 |
| 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 $28,020,689; <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 $29,907,116<br>| 28000000 | &nbsp;&nbsp;&nbsp; 28000000 |

---

**BHFTI-312**

------

**Brighthouse Funds Trust I**

**State Street Moderate ETF Portfolio (formerly, SSGA Growth and Income ETF 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)** |
| 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 $15,011,171; <br> collateralized by various Common Stock with an aggregate <br> market value of $16,720,126<br>| 15000000 | &nbsp;&nbsp;&nbsp; $15000000 |
| 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 $20,076,028; <br> collateralized by various Common Stock with an aggregate <br> market value of $22,224,636<br>| 20000000 | &nbsp;&nbsp;&nbsp; 20000000 |
|  |  | &nbsp;&nbsp;&nbsp; 104634903 |
| **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 |
| 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 (f) | 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 $147,077,682) <br>|  | &nbsp;&nbsp;&nbsp; 147076013 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—109.2% <br>(Cost $1,559,347,232) <br>|  | &nbsp;&nbsp;&nbsp; 1753918327 |
| Other assets and liabilities (net)—(9.2)%  |  | &nbsp;&nbsp;&nbsp; (147337219)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1606581108 |

---

&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 $441,536,251 and the collateral received consisted of cash in the amount <br> of $147,052,878 and non-cash collateral with a value of $295,455,090. 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) | Affiliated Issuer. (See the table that follows for a summary of transactions in affiliated issuers.) |
| (c) | Non-income producing security. |
| (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** | **Realized** <br>**Gain/(Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Ending Value** <br>**as of** <br>**March 31, 2026**<br>|
| SPDR Bloomberg Emerging Markets Local Bond ETF | &nbsp;&nbsp; $42506212 | &nbsp;&nbsp; $495662 | &nbsp;&nbsp; $(906813)<br>| &nbsp;&nbsp; $22467 | &nbsp;&nbsp; $(1441331)<br>| &nbsp;&nbsp; $40676197 |
| SPDR Gold Shares | &nbsp;&nbsp; 74676693 | &nbsp;&nbsp; — | &nbsp;&nbsp; (4304812)<br>| &nbsp;&nbsp; 2593609 | &nbsp;&nbsp; 4060293 | &nbsp;&nbsp; 77025783 |
| State Street Blackstone Senior Loan ETF | &nbsp;&nbsp; 42222388 | &nbsp;&nbsp; 1196943 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (1164033)<br>| &nbsp;&nbsp; 42255298 |
| State Street SPDR Bloomberg High Yield Bond ETF | &nbsp;&nbsp; 44767927 | &nbsp;&nbsp; 25128614 | &nbsp;&nbsp; (5320438)<br>| &nbsp;&nbsp; 46796 | &nbsp;&nbsp; (836527)<br>| &nbsp;&nbsp; 63786372 |
| State Street SPDR Portfolio Developed World ex-U.S. ETF | &nbsp;&nbsp; 197927287 | &nbsp;&nbsp; 29050970 | &nbsp;&nbsp; (63034479)<br>| &nbsp;&nbsp; 16340557 | &nbsp;&nbsp; (9361057)<br>| &nbsp;&nbsp; 170923278 |
| State Street SPDR S&P 500 ETF Trust | &nbsp;&nbsp; 310459082 | &nbsp;&nbsp; 15142533 | &nbsp;&nbsp; (22483295)<br>| &nbsp;&nbsp; 3877961 | &nbsp;&nbsp; (18517163)<br>| &nbsp;&nbsp; 288479118 |
|  | &nbsp;&nbsp; $712559589 | &nbsp;&nbsp; $71014722 | &nbsp;&nbsp; $(96049837)<br>| &nbsp;&nbsp; $22881390 | &nbsp;&nbsp; $(27259818)<br>| &nbsp;&nbsp; $683146046 |

---

&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>|
| SPDR Bloomberg Emerging Markets Local Bond ETF | &nbsp;&nbsp; $381574 | &nbsp;&nbsp; 1970746 |
| SPDR Gold Shares | &nbsp;&nbsp; — | &nbsp;&nbsp; 179009 |

---

**BHFTI-313**

------

**Brighthouse Funds Trust I**

**State Street Moderate ETF Portfolio (formerly, SSGA Growth and Income ETF Portfolio)**

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Income earned**<br> **from affiliates**<br> **during the period**<br>| **Number of**<br> **shares held at**<br> **March 31, 2026**<br>|
| State Street Blackstone Senior Loan ETF | &nbsp;&nbsp; $492309 | &nbsp;&nbsp; 1052698 |
| State Street SPDR Bloomberg High Yield Bond ETF | &nbsp;&nbsp; 505614 | &nbsp;&nbsp; 666385 |
| State Street SPDR Portfolio Developed World ex-U.S. ETF | &nbsp;&nbsp; — | &nbsp;&nbsp; 3744212 |
| State Street SPDR S&P 500 ETF Trust | &nbsp;&nbsp; 824285 | &nbsp;&nbsp; 443582 |
|  | &nbsp;&nbsp; $2203782 |  |

---

**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; $1588763442 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1588763442 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; 18078872 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 18078872 |
| Total Securities Lending Reinvestments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 147076013 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 147076013 |
| Total Investments | &nbsp;&nbsp;&nbsp; $1606842314 | &nbsp;&nbsp;&nbsp; $147076013 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1753918327 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(147052878)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(147052878)<br>|

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-314**

------

**Brighthouse Funds Trust I**

**State Street Moderately Aggressive ETF Portfolio (formerly, SSGA Growth ETF Portfolio)**

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

**Investment Companies—98.5% of Net Assets**

&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>|
| **Exchange-Traded Funds — 98.5%** | **Exchange-Traded Funds — 98.5%** | **Exchange-Traded Funds — 98.5%** |
| Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 2134137 | &nbsp;&nbsp;&nbsp; $36963253 |
| iShares 20+ Year Treasury Bond ETF | 174072 | &nbsp;&nbsp;&nbsp; 15090302 |
| iShares Core MSCI Emerging Markets ETF | 1221892 | &nbsp;&nbsp;&nbsp; 85226967 |
| iShares Core S&P 500 ETF | 192801 | &nbsp;&nbsp;&nbsp; 125939541 |
| iShares Core S&P Mid-Cap ETF (a) | 492739 | &nbsp;&nbsp;&nbsp; 33274665 |
| iShares Core S&P Small-Cap ETF (a) | 328492 | &nbsp;&nbsp;&nbsp; 40834840 |
| Schwab International Small-Cap Equity ETF (a) | 472159 | &nbsp;&nbsp;&nbsp; 22068712 |
| SPDR Bloomberg Emerging Markets Local Bond ETF (b) | 545695 | &nbsp;&nbsp;&nbsp; 11263145 |
| SPDR Gold Shares (a) (b) (c) | 76571 | &nbsp;&nbsp;&nbsp; 32947735 |
| State Street Blackstone Senior Loan ETF (a) (b) | 291023 | &nbsp;&nbsp;&nbsp; 11681663 |
| State Street SPDR Bloomberg High Yield Bond ETF (a) (b) | 153882 | &nbsp;&nbsp;&nbsp; 14729585 |
| State Street SPDR Portfolio Developed World ex-U.S. ETF (a) (b) | 2525029 | &nbsp;&nbsp;&nbsp; 115267574 |
| State Street SPDR S&P 500 ETF Trust (a) (b) | 247885 | &nbsp;&nbsp;&nbsp; 161209531 |
| Vanguard Long-Term Corporate Bond ETF (a) | 202644 | &nbsp;&nbsp;&nbsp; 15141560 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $595,923,702) <br>|  | &nbsp;&nbsp;&nbsp; 721639073 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—1.6%** | **Short-Term Investments—1.6%** | **Short-Term Investments—1.6%** |
| **Short-Term Investment Funds—1.6%** |  |  |
| Invesco Treasury Portfolio, Institutional Class |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.560% (d) | 11823575 | &nbsp;&nbsp;&nbsp; 11823575 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $11,823,575) <br>|  | &nbsp;&nbsp;&nbsp; 11823575 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (e)—6.7%** | **Securities Lending Reinvestments (e)—6.7%** | **Securities Lending Reinvestments (e)—6.7%** |
| **Short-Term Investment Funds—0.4%** | **Short-Term Investment Funds—0.4%** | **Short-Term Investment Funds—0.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Government Portfolio, <br>Class I 3.530% (d)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco STIT-Government & Agency Portfolio, <br>Institutional Class 3.580% (d)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
|  |  | &nbsp;&nbsp;&nbsp; 3000000 |

---

&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; 4.000%, SOFR + 0.370%, 08/07/26 (f) | 3500000 | &nbsp;&nbsp;&nbsp; 3501358 |
| Mitsubishi UFJ Trust & Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/12/26 | 500000 | &nbsp;&nbsp;&nbsp; 496115 |
| Sumitomo Mitsui Trust Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/15/26 | 1000000 | &nbsp;&nbsp;&nbsp; 991900 |
|  |  | &nbsp;&nbsp;&nbsp; 4989373 |
| **Commercial Paper—0.3%** | **Commercial Paper—0.3%** | **Commercial Paper—0.3%** |
| Verto Capital I-A LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 04/24/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1994836 |
| **Repurchase Agreements—4.9%** | **Repurchase Agreements—4.9%** | **Repurchase Agreements—4.9%** |
| 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 $600,062; collateralized by <br> various Common Stock with an aggregate market value of <br> $667,369<br>| 600000 | &nbsp;&nbsp;&nbsp; 600000 |

---

---

| | | |
|:---|:---|:---|
| **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 3.770%, 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 |
| 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 $7,000,714; 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 $7,140,000<br>| 7000000 | &nbsp;&nbsp;&nbsp; 7000000 |
| 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 |
| 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 $9,101,238; collateralized <br> by 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 $9,282,323<br>| 9100315 | &nbsp;&nbsp;&nbsp; 9100315 |
| 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 $3,000,315; 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> $3,332,947<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| 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 $350,037; collateralized by <br> various Common Stock with an aggregate market value of <br> $390,120<br>| 350000 | &nbsp;&nbsp;&nbsp; 350000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.800%, due on <br> 04/07/26 with a maturity value of $5,003,694; 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> $5,340,556<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| 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 $3,011,404; collateralized <br> by various Common Stock with an aggregate market value of <br> $3,333,696<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
|  |  | &nbsp;&nbsp;&nbsp; 36050315 |
| **Time Deposits—0.4%** | **Time Deposits—0.4%** | **Time Deposits—0.4%** |
| 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 |

---

**BHFTI-315**

------

**Brighthouse Funds Trust I**

**State Street Moderately Aggressive ETF Portfolio (formerly, SSGA Growth ETF 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; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $49,033,474) <br>|  | &nbsp;&nbsp;&nbsp; 49034524 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—106.8% <br>(Cost $656,780,751) <br>|  | &nbsp;&nbsp;&nbsp; 782497172 |
| Other assets and liabilities (net)—(6.8)%  |  | &nbsp;&nbsp;&nbsp; (49822565)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $732674607 |

---

&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 $185,182,884 and the collateral received consisted of cash in the amount <br> of $49,016,832 and non-cash collateral with a value of $135,544,793. 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) | Affiliated Issuer. (See the table that follows for a summary of transactions in affiliated issuers.) |
| (c) | Non-income producing security. |
| (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** | **Realized** <br>**Gain/(Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Ending Value** <br>**as of** <br>**March 31, 2026**<br>|
| SPDR Bloomberg Emerging Markets Local Bond ETF | &nbsp;&nbsp; $11500757 | &nbsp;&nbsp; $208185 | &nbsp;&nbsp; $(50376)<br>| &nbsp;&nbsp; $1248 | &nbsp;&nbsp; $(396669)<br>| &nbsp;&nbsp; $11263145 |
| SPDR Gold Shares | &nbsp;&nbsp; 31875213 | &nbsp;&nbsp; — | &nbsp;&nbsp; (1764842)<br>| &nbsp;&nbsp; 1064480 | &nbsp;&nbsp; 1772884 | &nbsp;&nbsp; 32947735 |
| State Street Blackstone Senior Loan ETF | &nbsp;&nbsp; 11406698 | &nbsp;&nbsp; 590165 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (315200)<br>| &nbsp;&nbsp; 11681663 |
| State Street SPDR Bloomberg High Yield Bond ETF | &nbsp;&nbsp; 10919988 | &nbsp;&nbsp; 5299881 | &nbsp;&nbsp; (1284973)<br>| &nbsp;&nbsp; 11078 | &nbsp;&nbsp; (216389)<br>| &nbsp;&nbsp; 14729585 |
| State Street SPDR Portfolio Developed World ex-U.S. ETF | &nbsp;&nbsp; 125396787 | &nbsp;&nbsp; 13285974 | &nbsp;&nbsp; (27540264)<br>| &nbsp;&nbsp; 6923360 | &nbsp;&nbsp; (2798283)<br>| &nbsp;&nbsp; 115267574 |
| State Street SPDR S&P 500 ETF Trust | &nbsp;&nbsp; 175937406 | &nbsp;&nbsp; 3834219 | &nbsp;&nbsp; (10420974)<br>| &nbsp;&nbsp; 2864358 | &nbsp;&nbsp; (11005478)<br>| &nbsp;&nbsp; 161209531 |
|  | &nbsp;&nbsp; $367036849 | &nbsp;&nbsp; $23218424 | &nbsp;&nbsp; $(41061429)<br>| &nbsp;&nbsp; $10864524 | &nbsp;&nbsp; $(12959135)<br>| &nbsp;&nbsp; $347099233 |

---

&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>|
| SPDR Bloomberg Emerging Markets Local Bond ETF | &nbsp;&nbsp; $104057 | &nbsp;&nbsp; 545695 |
| SPDR Gold Shares | &nbsp;&nbsp; — | &nbsp;&nbsp; 76571 |
| State Street Blackstone Senior Loan ETF | &nbsp;&nbsp; 133353 | &nbsp;&nbsp; 291023 |
| State Street SPDR Bloomberg High Yield Bond ETF | &nbsp;&nbsp; 136535 | &nbsp;&nbsp; 153882 |
| State Street SPDR Portfolio Developed World ex-U.S. ETF | &nbsp;&nbsp; — | &nbsp;&nbsp; 2525029 |
| State Street SPDR S&P 500 ETF Trust | &nbsp;&nbsp; 457892 | &nbsp;&nbsp; 247885 |
|  | &nbsp;&nbsp; $831837 |  |

---

**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; $721639073 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $721639073 |
| Total Short-Term Investments\* | &nbsp;&nbsp; 11823575 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 11823575 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp; Certificates of Deposit | &nbsp;&nbsp; — | &nbsp;&nbsp; 4989373 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4989373 |
| &nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp; — | &nbsp;&nbsp; 1994836 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1994836 |

---

**BHFTI-316**

------

**Brighthouse Funds Trust I**

**State Street Moderately Aggressive ETF Portfolio (formerly, SSGA Growth ETF 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; Repurchase Agreements | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $36050315 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $36050315 |
| &nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3000000 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; 46034524 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 49034524 |
| Total Investments | &nbsp;&nbsp;&nbsp; $736462648 | &nbsp;&nbsp;&nbsp; $46034524 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $782497172 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(49016832)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(49016832)<br>|

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-317**

------

**Brighthouse Funds Trust I**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**T. Rowe Price Large Cap Value 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 — 4.2%** | **Aerospace & Defense — 4.2%** | **Aerospace & Defense — 4.2%** |
| Boeing Co. (a) | 162883 | &nbsp;&nbsp;&nbsp; $32418604 |
| General Electric Co.  | 93311 | &nbsp;&nbsp;&nbsp; 26478862 |
| L3Harris Technologies, Inc.  | 123353 | &nbsp;&nbsp;&nbsp; 42575288 |
|  |  | &nbsp;&nbsp;&nbsp; 101472754 |
| **Banks — 9.2%** | **Banks — 9.2%** | **Banks — 9.2%** |
| Bank of America Corp.  | 1788656 | &nbsp;&nbsp;&nbsp; 87196980 |
| Citigroup, Inc.  | 339109 | &nbsp;&nbsp;&nbsp; 38458352 |
| Fifth Third Bancorp (b) | 194714 | &nbsp;&nbsp;&nbsp; 9046412 |
| Huntington Bancshares, Inc. (b) | 1538063 | &nbsp;&nbsp;&nbsp; 24070686 |
| U.S. Bancorp (b) | 866265 | &nbsp;&nbsp;&nbsp; 45054443 |
| Wells Fargo & Co.  | 249103 | &nbsp;&nbsp;&nbsp; 19831090 |
|  |  | &nbsp;&nbsp;&nbsp; 223657963 |
| **Beverages — 0.4%** | **Beverages — 0.4%** | **Beverages — 0.4%** |
| Coca-Cola Co.  | 127832 | &nbsp;&nbsp;&nbsp; 9721624 |
| **Broadline Retail — 1.7%** | **Broadline Retail — 1.7%** | **Broadline Retail — 1.7%** |
| Amazon.com, Inc. (a) | 195787 | &nbsp;&nbsp;&nbsp; 40776558 |
| **Capital Markets — 3.0%** | **Capital Markets — 3.0%** | **Capital Markets — 3.0%** |
| Charles Schwab Corp.  | 764958 | &nbsp;&nbsp;&nbsp; 71890753 |
| **Chemicals — 3.5%** | **Chemicals — 3.5%** | **Chemicals — 3.5%** |
| CF Industries Holdings, Inc.  | 241710 | &nbsp;&nbsp;&nbsp; 31383626 |
| Linde PLC | 70984 | &nbsp;&nbsp;&nbsp; 35191028 |
| RPM International, Inc.  | 187562 | &nbsp;&nbsp;&nbsp; 18643663 |
|  |  | &nbsp;&nbsp;&nbsp; 85218317 |
| **Communications Equipment — 1.3%** | **Communications Equipment — 1.3%** | **Communications Equipment — 1.3%** |
| Cisco Systems, Inc. (b) | 396732 | &nbsp;&nbsp;&nbsp; 30782436 |
| **Consumer Staples Distribution & Retail — 0.4%** | **Consumer Staples Distribution & Retail — 0.4%** | **Consumer Staples Distribution & Retail — 0.4%** |
| Walmart, Inc.  | 82518 | &nbsp;&nbsp;&nbsp; 10255337 |
| **Containers & Packaging — 1.1%** | **Containers & Packaging — 1.1%** | **Containers & Packaging — 1.1%** |
| International Paper Co. (b) | 728280 | &nbsp;&nbsp;&nbsp; 25999596 |
| **Electric Utilities — 2.2%** | **Electric Utilities — 2.2%** | **Electric Utilities — 2.2%** |
| Alliant Energy Corp. (b) | 124309 | &nbsp;&nbsp;&nbsp; 8920414 |
| Southern Co.  | 450391 | &nbsp;&nbsp;&nbsp; 43471739 |
|  |  | &nbsp;&nbsp;&nbsp; 52392153 |
| **Electrical Equipment — 0.6%** | **Electrical Equipment — 0.6%** | **Electrical Equipment — 0.6%** |
| Rockwell Automation, Inc.  | 40893 | &nbsp;&nbsp;&nbsp; 14675680 |
| **Electronic Equipment, Instruments & Components — 2.8%** | **Electronic Equipment, Instruments & Components — 2.8%** | **Electronic Equipment, Instruments & Components — 2.8%** |
| Keysight Technologies, Inc. (a) | 140783 | &nbsp;&nbsp;&nbsp; 39752895 |
| TE Connectivity PLC | 30496 | &nbsp;&nbsp;&nbsp; 6374274 |
| Teledyne Technologies, Inc. (a) | 35375 | &nbsp;&nbsp;&nbsp; 21402229 |
|  |  | &nbsp;&nbsp;&nbsp; 67529398 |
| **Energy Equipment & Services — 1.0%** | **Energy Equipment & Services — 1.0%** | **Energy Equipment & Services — 1.0%** |
| SLB Ltd.  | 495830 | &nbsp;&nbsp;&nbsp; 25480704 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Entertainment — 0.8%** | **Entertainment — 0.8%** | **Entertainment — 0.8%** |
| Walt Disney Co.  | 204521 | &nbsp;&nbsp;&nbsp; $19711734 |
| **Financial Services — 0.7%** | **Financial Services — 0.7%** | **Financial Services — 0.7%** |
| Equitable Holdings, Inc.  | 483644 | &nbsp;&nbsp;&nbsp; 17948029 |
| **Ground Transportation — 2.7%** | **Ground Transportation — 2.7%** | **Ground Transportation — 2.7%** |
| CSX Corp.  | 1612446 | &nbsp;&nbsp;&nbsp; 66190908 |
| **Health Care Equipment & Supplies — 1.9%** | **Health Care Equipment & Supplies — 1.9%** | **Health Care Equipment & Supplies — 1.9%** |
| Becton Dickinson & Co.  | 117051 | &nbsp;&nbsp;&nbsp; 18403929 |
| Zimmer Biomet Holdings, Inc. (b) | 309316 | &nbsp;&nbsp;&nbsp; 27968352 |
|  |  | &nbsp;&nbsp;&nbsp; 46372281 |
| **Health Care Providers & Services — 4.5%** | **Health Care Providers & Services — 4.5%** | **Health Care Providers & Services — 4.5%** |
| Cigna Group | 84634 | &nbsp;&nbsp;&nbsp; 22576119 |
| CVS Health Corp.  | 476113 | &nbsp;&nbsp;&nbsp; 34194436 |
| Elevance Health, Inc.  | 147993 | &nbsp;&nbsp;&nbsp; 43324951 |
| UnitedHealth Group, Inc.  | 35153 | &nbsp;&nbsp;&nbsp; 9512050 |
|  |  | &nbsp;&nbsp;&nbsp; 109607556 |
| **Hotels, Restaurants & Leisure — 0.6%** | **Hotels, Restaurants & Leisure — 0.6%** | **Hotels, Restaurants & Leisure — 0.6%** |
| Las Vegas Sands Corp.  | 284357 | &nbsp;&nbsp;&nbsp; 15321155 |
| **Household Products — 4.4%** | **Household Products — 4.4%** | **Household Products — 4.4%** |
| Colgate-Palmolive Co.  | 591478 | &nbsp;&nbsp;&nbsp; 50411670 |
| Procter & Gamble Co.  | 386288 | &nbsp;&nbsp;&nbsp; 55795439 |
|  |  | &nbsp;&nbsp;&nbsp; 106207109 |
| **Industrial Conglomerates — 0.9%** | **Industrial Conglomerates — 0.9%** | **Industrial Conglomerates — 0.9%** |
| Siemens AG | 92854 | &nbsp;&nbsp;&nbsp; 22024076 |
| **Industrial REITs — 0.9%** | **Industrial REITs — 0.9%** | **Industrial REITs — 0.9%** |
| Rexford Industrial Realty, Inc. (b) | 683537 | &nbsp;&nbsp;&nbsp; 22372166 |
| **Insurance — 6.2%** | **Insurance — 6.2%** | **Insurance — 6.2%** |
| Allstate Corp.  | 178952 | &nbsp;&nbsp;&nbsp; 37103908 |
| American International Group, Inc.  | 260547 | &nbsp;&nbsp;&nbsp; 19606162 |
| Chubb Ltd.  | 195216 | &nbsp;&nbsp;&nbsp; 63626751 |
| Hartford Insurance Group, Inc.  | 157589 | &nbsp;&nbsp;&nbsp; 21310760 |
| Travelers Cos., Inc.  | 31596 | &nbsp;&nbsp;&nbsp; 9215921 |
|  |  | &nbsp;&nbsp;&nbsp; 150863502 |
| **Interactive Media & Services — 4.0%** | **Interactive Media & Services — 4.0%** | **Interactive Media & Services — 4.0%** |
| Alphabet, Inc. - Class C | 310411 | &nbsp;&nbsp;&nbsp; 89044499 |
| Meta Platforms, Inc. - Class A | 14836 | &nbsp;&nbsp;&nbsp; 8488121 |
|  |  | &nbsp;&nbsp;&nbsp; 97532620 |
| **Life Sciences Tools & Services — 0.8%** | **Life Sciences Tools & Services — 0.8%** | **Life Sciences Tools & Services — 0.8%** |
| Thermo Fisher Scientific, Inc.  | 28200 | &nbsp;&nbsp;&nbsp; 13861146 |
| Waters Corp. (a) | 21448 | &nbsp;&nbsp;&nbsp; 6387214 |
|  |  | &nbsp;&nbsp;&nbsp; 20248360 |
| **Machinery — 5.0%** | **Machinery — 5.0%** | **Machinery — 5.0%** |
| AGCO Corp. (b) | 198156 | &nbsp;&nbsp;&nbsp; 22960336 |
| Cummins, Inc.  | 15437 | &nbsp;&nbsp;&nbsp; 8305415 |
| Fortive Corp.  | 651168 | &nbsp;&nbsp;&nbsp; 35996567 |

---

**BHFTI-318**

------

**Brighthouse Funds Trust I**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**T. Rowe Price Large Cap Value Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Machinery—(Continued)** | **Machinery—(Continued)** | **Machinery—(Continued)** |
| Middleby Corp. (a) (b) | 154680 | &nbsp;&nbsp;&nbsp; $20507474 |
| Stanley Black & Decker, Inc. (b) | 456874 | &nbsp;&nbsp;&nbsp; 32465466 |
|  |  | &nbsp;&nbsp;&nbsp; 120235258 |
| **Media — 0.5%** | **Media — 0.5%** | **Media — 0.5%** |
| News Corp. - Class A | 440922 | &nbsp;&nbsp;&nbsp; 10992185 |
| **Multi-Utilities — 2.8%** | **Multi-Utilities — 2.8%** | **Multi-Utilities — 2.8%** |
| Ameren Corp.  | 388054 | &nbsp;&nbsp;&nbsp; 42654896 |
| Sempra (b) | 255702 | &nbsp;&nbsp;&nbsp; 24846563 |
|  |  | &nbsp;&nbsp;&nbsp; 67501459 |
| **Oil, Gas & Consumable Fuels — 9.5%** | **Oil, Gas & Consumable Fuels — 9.5%** | **Oil, Gas & Consumable Fuels — 9.5%** |
| ConocoPhillips | 649267 | &nbsp;&nbsp;&nbsp; 85703244 |
| EOG Resources, Inc.  | 156533 | &nbsp;&nbsp;&nbsp; 22629976 |
| Expand Energy Corp.  | 149408 | &nbsp;&nbsp;&nbsp; 16402010 |
| Exxon Mobil Corp.  | 319148 | &nbsp;&nbsp;&nbsp; 54146650 |
| TotalEnergies SE (ADR) (b) | 447891 | &nbsp;&nbsp;&nbsp; 40749123 |
| Williams Cos., Inc.  | 160511 | &nbsp;&nbsp;&nbsp; 11681991 |
|  |  | &nbsp;&nbsp;&nbsp; 231312994 |
| **Pharmaceuticals — 4.9%** | **Pharmaceuticals — 4.9%** | **Pharmaceuticals — 4.9%** |
| AstraZeneca PLC (ADR) | 132256 | &nbsp;&nbsp;&nbsp; 26083528 |
| Johnson & Johnson | 80545 | &nbsp;&nbsp;&nbsp; 19688420 |
| Merck & Co., Inc.  | 371317 | &nbsp;&nbsp;&nbsp; 44665722 |
| Sanofi SA (ADR) | 134069 | &nbsp;&nbsp;&nbsp; 6459445 |
| Viatris, Inc.  | 1629904 | &nbsp;&nbsp;&nbsp; 22020003 |
|  |  | &nbsp;&nbsp;&nbsp; 118917118 |
| **Residential REITs — 1.5%** | **Residential REITs — 1.5%** | **Residential REITs — 1.5%** |
| AvalonBay Communities, Inc. (b) | 219680 | &nbsp;&nbsp;&nbsp; 35884728 |
| **Semiconductors & Semiconductor Equipment — 6.4%** | **Semiconductors & Semiconductor Equipment — 6.4%** | **Semiconductors & Semiconductor Equipment — 6.4%** |
| Advanced Micro Devices, Inc. (a) | 200110 | &nbsp;&nbsp;&nbsp; 40708377 |
| Applied Materials, Inc.  | 104729 | &nbsp;&nbsp;&nbsp; 35795325 |
| Intel Corp. (a) | 426264 | &nbsp;&nbsp;&nbsp; 18811030 |
| QUALCOMM, Inc.  | 196557 | &nbsp;&nbsp;&nbsp; 25312611 |
| Texas Instruments, Inc.  | 175290 | &nbsp;&nbsp;&nbsp; 34030801 |
|  |  | &nbsp;&nbsp;&nbsp; 154658144 |
| **Software — 1.6%** | **Software — 1.6%** | **Software — 1.6%** |
| Microsoft Corp.  | 55057 | &nbsp;&nbsp;&nbsp; 20380450 |
| Salesforce, Inc. (b) | 103773 | &nbsp;&nbsp;&nbsp; 19371306 |
|  |  | &nbsp;&nbsp;&nbsp; 39751756 |
| **Specialized REITs — 0.9%** | **Specialized REITs — 0.9%** | **Specialized REITs — 0.9%** |
| Weyerhaeuser Co. (b) | 876070 | &nbsp;&nbsp;&nbsp; 21402390 |
| **Specialty Retail — 1.7%** | **Specialty Retail — 1.7%** | **Specialty Retail — 1.7%** |
| Home Depot, Inc.  | 127269 | &nbsp;&nbsp;&nbsp; 41857501 |
| **Technology Hardware, Storage & Peripherals — 1.7%** | **Technology Hardware, Storage & Peripherals — 1.7%** | **Technology Hardware, Storage & Peripherals — 1.7%** |
| Samsung Electronics Co. Ltd.  | 371476 | &nbsp;&nbsp;&nbsp; 41727914 |
| **Tobacco — 1.3%** | **Tobacco — 1.3%** | **Tobacco — 1.3%** |
| Philip Morris International, Inc.  | 183510 | &nbsp;&nbsp;&nbsp; 30341543 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Wireless Telecommunication Services — 1.6%** | **Wireless Telecommunication Services — 1.6%** | **Wireless Telecommunication Services — 1.6%** |
| T-Mobile U.S., Inc.  | 182378 | &nbsp;&nbsp;&nbsp; $38304851 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $1,986,226,535) <br>|  | &nbsp;&nbsp;&nbsp; 2407140610 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—0.5%** | **Short-Term Investments—0.5%** | **Short-Term Investments—0.5%** |
| **Short-Term Investment Funds—0.5%** |  |  |
| T. Rowe Price Government Reserve Fund |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.664% (c) (d) | 12906583 | &nbsp;&nbsp;&nbsp; 12906583 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $12,906,583) <br>|  | &nbsp;&nbsp;&nbsp; 12906583 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (e)—8.1%** | **Securities Lending Reinvestments (e)—8.1%** | **Securities Lending Reinvestments (e)—8.1%** |
| **Short-Term Investment Funds—2.9%** | **Short-Term Investment Funds—2.9%** | **Short-Term Investment Funds—2.9%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund, <br>Select Class 3.600% (d)<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds FedFund, <br>Institutional Shares 3.550% (d)<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (d)<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| &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>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares 3.580% (d)<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, <br>Premier Class 3.600% (d)<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
|  |  | &nbsp;&nbsp;&nbsp; 71000000 |

---

&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; 3.980%, SOFR + 0.350%, 05/14/26 (f) | 5000000 | &nbsp;&nbsp;&nbsp; 4999994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 11/19/26 (f) | 1000000 | &nbsp;&nbsp;&nbsp; 1000380 |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.960%, SOFR + 0.330%, 07/22/26 (f) | 1000000 | &nbsp;&nbsp;&nbsp; 999991 |
| Mitsubishi UFJ Trust & Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/12/26 | 1000000 | &nbsp;&nbsp;&nbsp; 992230 |
| Sumitomo Mitsui Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.820%, SOFR + 0.190%, 08/19/26 (f) | 1000000 | &nbsp;&nbsp;&nbsp; 999529 |
| 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; 10975014 |
| **Commercial Paper—0.2%** | **Commercial Paper—0.2%** | **Commercial Paper—0.2%** |
| ING U.S. Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.960%, SOFR + 0.330%, 09/18/26 (f) | 1000000 | &nbsp;&nbsp;&nbsp; 999950 |
| Verto Capital I-A LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.790%, 05/12/26 | 1000000 | &nbsp;&nbsp;&nbsp; 995457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 04/24/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1994836 |
|  |  | &nbsp;&nbsp;&nbsp; 3990243 |

---

**BHFTI-319**

------

**Brighthouse Funds Trust I**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**T. Rowe Price Large Cap Value 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—3.9%** | **Repurchase Agreements—3.9%** | **Repurchase Agreements—3.9%** |
| 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 $1,000,101; 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 $1,020,000<br>| 1000000 | &nbsp;&nbsp;&nbsp; $1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.700%, due on <br> 04/01/26 with a maturity value of $12,001,233; <br> collateralized by various Common Stock with an aggregate <br> market value of $13,347,373<br>| 12000000 | &nbsp;&nbsp;&nbsp; 12000000 |
| 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 $15,001,479; <br> collateralized by U.S. Treasury Note at 4.000%, maturing <br> 07/31/29, with a market value of $15,300,005<br>| 15000000 | &nbsp;&nbsp;&nbsp; 15000000 |
| 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 $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 |
| 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 $15,045,650; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 0.000% - 4.375%, maturity dates ranging from <br> 05/15/30 - 11/15/48, and an aggregate market value of <br> $15,345,011<br>| 15044125 | &nbsp;&nbsp;&nbsp; 15044125 |
| 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 $9,500,998; 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> $10,554,333<br>| 9500000 | &nbsp;&nbsp;&nbsp; 9500000 |
| 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 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 $1,023,639<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &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 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.800%, due on <br> 04/07/26 with a maturity value of $10,007,389; <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 $10,681,113<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |

---

---

| | | |
|:---|:---|:---|
| **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 $47,518; 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 $48,469<br>| 47514 | &nbsp;&nbsp;&nbsp; $47514 |
| 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 $2,001,489; collateralized <br> by various Common Stock with an aggregate market value of <br> $2,229,350<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| 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; 95591639 |
| **Time Deposits—0.6%** | **Time Deposits—0.6%** | **Time Deposits—0.6%** |
| Credit Agricole CIB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.630%, 04/01/26 | 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| DZ Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| Svenska NY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
|  |  | &nbsp;&nbsp;&nbsp; 15000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $196,557,471) <br>|  | &nbsp;&nbsp;&nbsp; 196556896 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—107.8% <br>(Cost $2,195,690,589) <br>|  | &nbsp;&nbsp;&nbsp; 2616604089 |
| Other assets and liabilities (net)—(7.8)%  |  | &nbsp;&nbsp;&nbsp; (189915515)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $2426688574 |

---

&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 $194,269,321 and the collateral received consisted of cash in the amount of $196,533,813 and non-cash collateral with a value of $106,630. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. 

(c) Affiliated Issuer. (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 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. 

**BHFTI-320**

------

**Brighthouse Funds Trust I**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**T. Rowe Price Large Cap Value Portfolio**

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

**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; $10005262 | &nbsp;&nbsp; $86517232 | &nbsp;&nbsp; $(83615911)<br>| &nbsp;&nbsp; $12906583 |

---

&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; $78190 | &nbsp;&nbsp; 12906583 |

---

**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; $101472754 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $101472754 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banks | &nbsp;&nbsp;&nbsp; 223657963 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 223657963 |
| &nbsp;&nbsp;&nbsp;&nbsp; Beverages | &nbsp;&nbsp;&nbsp; 9721624 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9721624 |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadline Retail | &nbsp;&nbsp;&nbsp; 40776558 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 40776558 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp;&nbsp; 71890753 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 71890753 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp;&nbsp; 85218317 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 85218317 |
| &nbsp;&nbsp;&nbsp;&nbsp; Communications Equipment | &nbsp;&nbsp;&nbsp; 30782436 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 30782436 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples Distribution & Retail | &nbsp;&nbsp;&nbsp; 10255337 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10255337 |
| &nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | &nbsp;&nbsp;&nbsp; 25999596 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25999596 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | &nbsp;&nbsp;&nbsp; 52392153 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 52392153 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | &nbsp;&nbsp;&nbsp; 14675680 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14675680 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronic Equipment, Instruments & Components | &nbsp;&nbsp;&nbsp; 67529398 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 67529398 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy Equipment & Services | &nbsp;&nbsp;&nbsp; 25480704 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25480704 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp;&nbsp; 19711734 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19711734 |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial Services | &nbsp;&nbsp;&nbsp; 17948029 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 17948029 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ground Transportation | &nbsp;&nbsp;&nbsp; 66190908 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 66190908 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Equipment & Supplies | &nbsp;&nbsp;&nbsp; 46372281 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 46372281 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Providers & Services | &nbsp;&nbsp;&nbsp; 109607556 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 109607556 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure | &nbsp;&nbsp;&nbsp; 15321155 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15321155 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Products | &nbsp;&nbsp;&nbsp; 106207109 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 106207109 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial Conglomerates | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22024076 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22024076 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial REITs | &nbsp;&nbsp;&nbsp; 22372166 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22372166 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp;&nbsp; 150863502 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 150863502 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interactive Media & Services | &nbsp;&nbsp;&nbsp; 97532620 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 97532620 |
| &nbsp;&nbsp;&nbsp;&nbsp; Life Sciences Tools & Services | &nbsp;&nbsp;&nbsp; 20248360 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20248360 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | &nbsp;&nbsp;&nbsp; 120235258 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 120235258 |
| &nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp;&nbsp; 10992185 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10992185 |
| &nbsp;&nbsp;&nbsp;&nbsp; Multi-Utilities | &nbsp;&nbsp;&nbsp; 67501459 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 67501459 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas & Consumable Fuels | &nbsp;&nbsp;&nbsp; 231312994 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 231312994 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals | &nbsp;&nbsp;&nbsp; 118917118 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 118917118 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential REITs | &nbsp;&nbsp;&nbsp; 35884728 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 35884728 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | &nbsp;&nbsp;&nbsp; 154658144 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 154658144 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp; 39751756 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 39751756 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialized REITs | &nbsp;&nbsp;&nbsp; 21402390 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21402390 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Retail | &nbsp;&nbsp;&nbsp; 41857501 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 41857501 |
| &nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware, Storage & Peripherals | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 41727914 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 41727914 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tobacco | &nbsp;&nbsp;&nbsp; 30341543 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 30341543 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wireless Telecommunication Services | &nbsp;&nbsp;&nbsp; 38304851 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 38304851 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 2343388620 | &nbsp;&nbsp;&nbsp; 63751990 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2407140610 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; 12906583 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12906583 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 71000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 71000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificates of Deposit | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10975014 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10975014 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3990243 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3990243 |

---

**BHFTI-321**

------

**Brighthouse Funds Trust I**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**T. Rowe Price Large Cap Value 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; Repurchase Agreements | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $95591639 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $95591639 |
| &nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15000000 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 71000000 | &nbsp;&nbsp;&nbsp; 125556896 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 196556896 |
| Total Investments | &nbsp;&nbsp;&nbsp; $2427295203 | &nbsp;&nbsp;&nbsp; $189308886 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $2616604089 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(196533813)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(196533813)<br>|

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-322**

------

**Brighthouse Funds Trust I**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**T. Rowe Price Mid Cap Growth Portfolio**

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

**Common Stocks—96.6% 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 — 2.2%** | **Aerospace & Defense — 2.2%** | **Aerospace & Defense — 2.2%** |
| BWX Technologies, Inc.  | 30400 | &nbsp;&nbsp;&nbsp; $6216496 |
| StandardAero, Inc. (a) | 258073 | &nbsp;&nbsp;&nbsp; 6666026 |
| Textron, Inc.  | 116361 | &nbsp;&nbsp;&nbsp; 10188569 |
|  |  | &nbsp;&nbsp;&nbsp; 23071091 |
| **Biotechnology — 7.0%** | **Biotechnology — 7.0%** | **Biotechnology — 7.0%** |
| Alnylam Pharmaceuticals, Inc. (a) | 54800 | &nbsp;&nbsp;&nbsp; 18131676 |
| Apogee Therapeutics, Inc. (a) (b) | 37174 | &nbsp;&nbsp;&nbsp; 3128936 |
| Ascendis Pharma AS (ADR) (a) | 36801 | &nbsp;&nbsp;&nbsp; 8417493 |
| Biogen, Inc. (a) | 23082 | &nbsp;&nbsp;&nbsp; 4231623 |
| BioNTech SE (ADR) (a) (b) | 47320 | &nbsp;&nbsp;&nbsp; 4205802 |
| Caris Life Sciences, Inc. (a) (b) | 122543 | &nbsp;&nbsp;&nbsp; 2191069 |
| CG oncology, Inc. (a) (b) | 34435 | &nbsp;&nbsp;&nbsp; 2330561 |
| CRISPR Therapeutics AG (a) (b) | 47109 | &nbsp;&nbsp;&nbsp; 2240975 |
| Cytokinetics, Inc. (a) (b) | 82200 | &nbsp;&nbsp;&nbsp; 5417802 |
| Ionis Pharmaceuticals, Inc. (a) (b) | 127690 | &nbsp;&nbsp;&nbsp; 9588242 |
| Kymera Therapeutics, Inc. (a) (b) | 24000 | &nbsp;&nbsp;&nbsp; 1998960 |
| Natera, Inc. (a) | 25069 | &nbsp;&nbsp;&nbsp; 5013549 |
| Nuvalent, Inc. - Class A (a) (b) | 10372 | &nbsp;&nbsp;&nbsp; 1062611 |
| Revolution Medicines, Inc. (a) | 16500 | &nbsp;&nbsp;&nbsp; 1604625 |
| Vaxcyte, Inc. (a) (b) | 68932 | &nbsp;&nbsp;&nbsp; 4005638 |
|  |  | &nbsp;&nbsp;&nbsp; 73569562 |
| **Capital Markets — 4.9%** | **Capital Markets — 4.9%** | **Capital Markets — 4.9%** |
| Bullish (a) (b) | 29028 | &nbsp;&nbsp;&nbsp; 1037170 |
| Cboe Global Markets, Inc.  | 40472 | &nbsp;&nbsp;&nbsp; 11375465 |
| MSCI, Inc.  | 32464 | &nbsp;&nbsp;&nbsp; 17498421 |
| Raymond James Financial, Inc. (b) | 74800 | &nbsp;&nbsp;&nbsp; 10830292 |
| TPG, Inc.  | 69184 | &nbsp;&nbsp;&nbsp; 2802644 |
| Tradeweb Markets, Inc. - Class A | 73900 | &nbsp;&nbsp;&nbsp; 8695074 |
|  |  | &nbsp;&nbsp;&nbsp; 52239066 |
| **Commercial Services & Supplies — 2.1%** | **Commercial Services & Supplies — 2.1%** | **Commercial Services & Supplies — 2.1%** |
| RB Global, Inc.  | 80800 | &nbsp;&nbsp;&nbsp; 7744680 |
| Veralto Corp.  | 165900 | &nbsp;&nbsp;&nbsp; 14668878 |
|  |  | &nbsp;&nbsp;&nbsp; 22413558 |
| **Construction & Engineering — 1.2%** | **Construction & Engineering — 1.2%** | **Construction & Engineering — 1.2%** |
| API Group Corp. (a) | 125500 | &nbsp;&nbsp;&nbsp; 5085260 |
| Quanta Services, Inc.  | 14800 | &nbsp;&nbsp;&nbsp; 8125496 |
|  |  | &nbsp;&nbsp;&nbsp; 13210756 |
| **Construction Materials — 1.2%** | **Construction Materials — 1.2%** | **Construction Materials — 1.2%** |
| Martin Marietta Materials, Inc. (b) | 21038 | &nbsp;&nbsp;&nbsp; 12384650 |
| **Consumer Staples Distribution & Retail — 2.9%** | **Consumer Staples Distribution & Retail — 2.9%** | **Consumer Staples Distribution & Retail — 2.9%** |
| Casey's General Stores, Inc.  | 9692 | &nbsp;&nbsp;&nbsp; 7054419 |
| Dollar Tree, Inc. (a) (b) | 135571 | &nbsp;&nbsp;&nbsp; 14846380 |
| U.S. Foods Holding Corp. (a) (b) | 91500 | &nbsp;&nbsp;&nbsp; 8437215 |
|  |  | &nbsp;&nbsp;&nbsp; 30338014 |
| **Containers & Packaging — 1.8%** | **Containers & Packaging — 1.8%** | **Containers & Packaging — 1.8%** |
| Avery Dennison Corp.  | 62520 | &nbsp;&nbsp;&nbsp; 10795954 |
| Ball Corp.  | 140986 | &nbsp;&nbsp;&nbsp; 8333682 |
|  |  | &nbsp;&nbsp;&nbsp; 19129636 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Distributors — 0.9%** | **Distributors — 0.9%** | **Distributors — 0.9%** |
| Pool Corp. (b) | 47400 | &nbsp;&nbsp;&nbsp; $9590442 |
| **Diversified Consumer Services — 2.0%** | **Diversified Consumer Services — 2.0%** | **Diversified Consumer Services — 2.0%** |
| Liberty Live Holdings, Inc. - Class C (a) (b) | 100261 | &nbsp;&nbsp;&nbsp; 9435563 |
| McGraw Hill, Inc. (a) (b) | 134691 | &nbsp;&nbsp;&nbsp; 1845266 |
| Service Corp. International (b) | 124000 | &nbsp;&nbsp;&nbsp; 10231240 |
|  |  | &nbsp;&nbsp;&nbsp; 21512069 |
| **Electrical Equipment — 0.3%** | **Electrical Equipment — 0.3%** | **Electrical Equipment — 0.3%** |
| Acuity, Inc. (b) | 11200 | &nbsp;&nbsp;&nbsp; 3138463 |
| **Electronic Equipment, Instruments & Components — 2.2%** | **Electronic Equipment, Instruments & Components — 2.2%** | **Electronic Equipment, Instruments & Components — 2.2%** |
| Amphenol Corp. - Class A | 15800 | &nbsp;&nbsp;&nbsp; 1996330 |
| Keysight Technologies, Inc. (a) | 68500 | &nbsp;&nbsp;&nbsp; 19342345 |
| Ralliant Corp. (b) | 58163 | &nbsp;&nbsp;&nbsp; 2418999 |
|  |  | &nbsp;&nbsp;&nbsp; 23757674 |
| **Energy Equipment & Services — 1.7%** | **Energy Equipment & Services — 1.7%** | **Energy Equipment & Services — 1.7%** |
| TechnipFMC PLC | 260942 | &nbsp;&nbsp;&nbsp; 18038921 |
| **Entertainment — 1.8%** | **Entertainment — 1.8%** | **Entertainment — 1.8%** |
| Liberty Media Corp.-Liberty Formula One - Class C (a) | 182352 | &nbsp;&nbsp;&nbsp; 15503567 |
| Live Nation Entertainment, Inc. (a) (b) | 21603 | &nbsp;&nbsp;&nbsp; 3294674 |
|  |  | &nbsp;&nbsp;&nbsp; 18798241 |
| **Financial Services — 0.3%** | **Financial Services — 0.3%** | **Financial Services — 0.3%** |
| Corpay, Inc. (a) | 12341 | &nbsp;&nbsp;&nbsp; 3591108 |
| **Food Products — 0.6%** | **Food Products — 0.6%** | **Food Products — 0.6%** |
| McCormick & Co., Inc.  | 129600 | &nbsp;&nbsp;&nbsp; 6537024 |
| **Ground Transportation — 2.6%** | **Ground Transportation — 2.6%** | **Ground Transportation — 2.6%** |
| Old Dominion Freight Line, Inc.  | 79855 | &nbsp;&nbsp;&nbsp; 15603667 |
| XPO, Inc. (a) (b) | 60100 | &nbsp;&nbsp;&nbsp; 11692455 |
|  |  | &nbsp;&nbsp;&nbsp; 27296122 |
| **Health Care Equipment & Supplies — 3.3%** | **Health Care Equipment & Supplies — 3.3%** | **Health Care Equipment & Supplies — 3.3%** |
| Cooper Cos., Inc. (a) | 200598 | &nbsp;&nbsp;&nbsp; 14342757 |
| Insulet Corp. (a) | 40000 | &nbsp;&nbsp;&nbsp; 8393600 |
| QuidelOrtho Corp. (a) (b) | 87274 | &nbsp;&nbsp;&nbsp; 1433912 |
| Teleflex, Inc.  | 86823 | &nbsp;&nbsp;&nbsp; 10384899 |
|  |  | &nbsp;&nbsp;&nbsp; 34555168 |
| **Health Care Providers & Services — 2.0%** | **Health Care Providers & Services — 2.0%** | **Health Care Providers & Services — 2.0%** |
| Cencora, Inc.  | 44781 | &nbsp;&nbsp;&nbsp; 14067503 |
| Encompass Health Corp. (b) | 68900 | &nbsp;&nbsp;&nbsp; 6664697 |
|  |  | &nbsp;&nbsp;&nbsp; 20732200 |
| **Health Care Technology — 1.3%** | **Health Care Technology — 1.3%** | **Health Care Technology — 1.3%** |
| Veeva Systems, Inc. - Class A (a) | 75261 | &nbsp;&nbsp;&nbsp; 13220347 |
| **Hotels, Restaurants & Leisure — 11.2%** | **Hotels, Restaurants & Leisure — 11.2%** | **Hotels, Restaurants & Leisure — 11.2%** |
| Domino's Pizza, Inc. (b) | 41760 | &nbsp;&nbsp;&nbsp; 14983071 |
| DraftKings, Inc. - Class A (a) | 101500 | &nbsp;&nbsp;&nbsp; 2194430 |
| Dutch Bros, Inc. - Class A (a) (b) | 59900 | &nbsp;&nbsp;&nbsp; 3034534 |
| Hilton Worldwide Holdings, Inc.  | 93700 | &nbsp;&nbsp;&nbsp; 28492296 |

---

**BHFTI-323**

------

**Brighthouse Funds Trust I**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**T. Rowe Price Mid Cap Growth Portfolio**

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

**Common Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Hotels, Restaurants & Leisure—(Continued)** | **Hotels, Restaurants & Leisure—(Continued)** | **Hotels, Restaurants & Leisure—(Continued)** |
| Planet Fitness, Inc. - Class A (a) | 166883 | &nbsp;&nbsp;&nbsp; $12412758 |
| Sportradar Group AG - Class A (a) (b) | 274200 | &nbsp;&nbsp;&nbsp; 4590108 |
| Texas Roadhouse, Inc.  | 27000 | &nbsp;&nbsp;&nbsp; 4458780 |
| Viking Holdings Ltd. (a) | 277874 | &nbsp;&nbsp;&nbsp; 20418181 |
| Wingstop, Inc. (b) | 16400 | &nbsp;&nbsp;&nbsp; 2541508 |
| Wyndham Hotels & Resorts, Inc. (b) | 79210 | &nbsp;&nbsp;&nbsp; 6434228 |
| Yum! Brands, Inc.  | 122671 | &nbsp;&nbsp;&nbsp; 19072887 |
|  |  | &nbsp;&nbsp;&nbsp; 118632781 |
| **Household Durables — 0.4%** | **Household Durables — 0.4%** | **Household Durables — 0.4%** |
| TopBuild Corp. (a) (b) | 11600 | &nbsp;&nbsp;&nbsp; 4075080 |
| **Industrial Conglomerates — 0.1%** | **Industrial Conglomerates — 0.1%** | **Industrial Conglomerates — 0.1%** |
| Bending Spoons SpA - Class C † (a) (c) (d) | 14584 | &nbsp;&nbsp;&nbsp; 1286520 |
| **Insurance — 2.4%** | **Insurance — 2.4%** | **Insurance — 2.4%** |
| Assurant, Inc. (b) | 72700 | &nbsp;&nbsp;&nbsp; 15834787 |
| Markel Group, Inc. (a) | 3476 | &nbsp;&nbsp;&nbsp; 6653308 |
| Ryan Specialty Holdings, Inc. (b) | 86022 | &nbsp;&nbsp;&nbsp; 2902382 |
|  |  | &nbsp;&nbsp;&nbsp; 25390477 |
| **Interactive Media & Services — 0.6%** | **Interactive Media & Services — 0.6%** | **Interactive Media & Services — 0.6%** |
| Reddit, Inc. - Class A (a) | 47929 | &nbsp;&nbsp;&nbsp; 6453640 |
| **IT Services — 0.3%** | **IT Services — 0.3%** | **IT Services — 0.3%** |
| MongoDB, Inc. (a) | 14700 | &nbsp;&nbsp;&nbsp; 3598119 |
| **Life Sciences Tools & Services — 5.5%** | **Life Sciences Tools & Services — 5.5%** | **Life Sciences Tools & Services — 5.5%** |
| Agilent Technologies, Inc.  | 198600 | &nbsp;&nbsp;&nbsp; 22636428 |
| Avantor, Inc. (a) (b) | 357300 | &nbsp;&nbsp;&nbsp; 2801232 |
| Mettler-Toledo International, Inc. (a) | 16200 | &nbsp;&nbsp;&nbsp; 20431440 |
| West Pharmaceutical Services, Inc.  | 49418 | &nbsp;&nbsp;&nbsp; 12386127 |
|  |  | &nbsp;&nbsp;&nbsp; 58255227 |
| **Machinery — 3.3%** | **Machinery — 3.3%** | **Machinery — 3.3%** |
| Esab Corp. (b) | 117666 | &nbsp;&nbsp;&nbsp; 11373596 |
| Fortive Corp. (b) | 60533 | &nbsp;&nbsp;&nbsp; 3346264 |
| Ingersoll Rand, Inc. (b) | 150600 | &nbsp;&nbsp;&nbsp; 12066072 |
| ITT, Inc.  | 40800 | &nbsp;&nbsp;&nbsp; 7773624 |
|  |  | &nbsp;&nbsp;&nbsp; 34559556 |
| **Media — 1.4%** | **Media — 1.4%** | **Media — 1.4%** |
| New York Times Co. - Class A (b) | 172300 | &nbsp;&nbsp;&nbsp; 14426679 |
| **Oil, Gas & Consumable Fuels — 2.6%** | **Oil, Gas & Consumable Fuels — 2.6%** | **Oil, Gas & Consumable Fuels — 2.6%** |
| Cheniere Energy, Inc.  | 29800 | &nbsp;&nbsp;&nbsp; 8456048 |
| DT Midstream, Inc.  | 44800 | &nbsp;&nbsp;&nbsp; 6033216 |
| EQT Corp.  | 206914 | &nbsp;&nbsp;&nbsp; 13168007 |
|  |  | &nbsp;&nbsp;&nbsp; 27657271 |
| **Pharmaceuticals — 1.0%** | **Pharmaceuticals — 1.0%** | **Pharmaceuticals — 1.0%** |
| Elanco Animal Health, Inc. (a) (b) | 423953 | &nbsp;&nbsp;&nbsp; 10145195 |
| **Professional Services — 4.8%** | **Professional Services — 4.8%** | **Professional Services — 4.8%** |
| Booz Allen Hamilton Holding Corp. (b) | 128200 | &nbsp;&nbsp;&nbsp; 10003446 |
| Broadridge Financial Solutions, Inc.  | 17200 | &nbsp;&nbsp;&nbsp; 2794656 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Professional Services—(Continued)** | **Professional Services—(Continued)** | **Professional Services—(Continued)** |
| Equifax, Inc.  | 35300 | &nbsp;&nbsp;&nbsp; $6356471 |
| Paylocity Holding Corp. (a) | 85899 | &nbsp;&nbsp;&nbsp; 9280528 |
| TransUnion (b) | 155877 | &nbsp;&nbsp;&nbsp; 10785130 |
| UL Solutions, Inc. - Class A (b) | 132058 | &nbsp;&nbsp;&nbsp; 11318691 |
|  |  | &nbsp;&nbsp;&nbsp; 50538922 |
| **Semiconductors & Semiconductor Equipment — 7.4%** | **Semiconductors & Semiconductor Equipment — 7.4%** | **Semiconductors & Semiconductor Equipment — 7.4%** |
| Lattice Semiconductor Corp. (a) | 238200 | &nbsp;&nbsp;&nbsp; 22095432 |
| MACOM Technology Solutions Holdings, Inc. (a) (b) | 67000 | &nbsp;&nbsp;&nbsp; 14878690 |
| Microchip Technology, Inc.  | 221381 | &nbsp;&nbsp;&nbsp; 14303427 |
| Monolithic Power Systems, Inc.  | 16137 | &nbsp;&nbsp;&nbsp; 17643389 |
| NXP Semiconductors NV | 31577 | &nbsp;&nbsp;&nbsp; 6216248 |
| Rambus, Inc. (a) (b) | 35300 | &nbsp;&nbsp;&nbsp; 3036859 |
|  |  | &nbsp;&nbsp;&nbsp; 78174045 |
| **Software — 6.8%** | **Software — 6.8%** | **Software — 6.8%** |
| Atlassian Corp. - Class A (a) | 54273 | &nbsp;&nbsp;&nbsp; 3704132 |
| Aurora Innovation, Inc. (a) (b) | 449688 | &nbsp;&nbsp;&nbsp; 1852715 |
| Descartes Systems Group, Inc. (a) | 45000 | &nbsp;&nbsp;&nbsp; 3220200 |
| Guidewire Software, Inc. (a) (b) | 25450 | &nbsp;&nbsp;&nbsp; 3806302 |
| Manhattan Associates, Inc. (a) (b) | 74700 | &nbsp;&nbsp;&nbsp; 9944064 |
| PTC, Inc. (a) (b) | 130686 | &nbsp;&nbsp;&nbsp; 18621448 |
| Tyler Technologies, Inc. (a) (b) | 44900 | &nbsp;&nbsp;&nbsp; 15372862 |
| Unity Software, Inc. (a) | 97766 | &nbsp;&nbsp;&nbsp; 2144986 |
| Zoom Communications, Inc. (a) | 91900 | &nbsp;&nbsp;&nbsp; 7387841 |
| Zscaler, Inc. (a) | 38900 | &nbsp;&nbsp;&nbsp; 5457281 |
|  |  | &nbsp;&nbsp;&nbsp; 71511831 |
| **Specialty Retail — 3.8%** | **Specialty Retail — 3.8%** | **Specialty Retail — 3.8%** |
| Burlington Stores, Inc. (a) | 57873 | &nbsp;&nbsp;&nbsp; 18830717 |
| Ross Stores, Inc.  | 47300 | &nbsp;&nbsp;&nbsp; 10246599 |
| Ulta Beauty, Inc. (a) | 21693 | &nbsp;&nbsp;&nbsp; 11339148 |
|  |  | &nbsp;&nbsp;&nbsp; 40416464 |
| **Technology Hardware, Storage & Peripherals — 0.7%** | **Technology Hardware, Storage & Peripherals — 0.7%** | **Technology Hardware, Storage & Peripherals — 0.7%** |
| Everpure, Inc. - Class A (a) | 128400 | &nbsp;&nbsp;&nbsp; 7580736 |
| **Textiles, Apparel & Luxury Goods — 0.7%** | **Textiles, Apparel & Luxury Goods — 0.7%** | **Textiles, Apparel & Luxury Goods — 0.7%** |
| Birkenstock Holding PLC (a) (b) | 201798 | &nbsp;&nbsp;&nbsp; 7230422 |
| **Trading Companies & Distributors — 1.3%** | **Trading Companies & Distributors — 1.3%** | **Trading Companies & Distributors — 1.3%** |
| Ferguson Enterprises, Inc.  | 60008 | &nbsp;&nbsp;&nbsp; 13997466 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $871,311,790) <br>|  | &nbsp;&nbsp;&nbsp; 1021054543 |
| **Convertible Preferred Stocks—0.6%** | **Convertible Preferred Stocks—0.6%** | **Convertible Preferred Stocks—0.6%** |
| **Automobiles — 0.1%** | **Automobiles — 0.1%** | **Automobiles — 0.1%** |
| Nuro, Inc. - Series D † (a) (c) (d) | 37838 | &nbsp;&nbsp;&nbsp; 578543 |
| Sila Nanotechnologies, Inc. - Series F † (a) (c) (d) | 43934 | &nbsp;&nbsp;&nbsp; 477123 |
|  |  | &nbsp;&nbsp;&nbsp; 1055666 |
| **Commercial Services & Supplies — 0.1%** | **Commercial Services & Supplies — 0.1%** | **Commercial Services & Supplies — 0.1%** |
| Redwood Materials, Inc.- Series C † (a) (c) (d) | 18350 | &nbsp;&nbsp;&nbsp; 863734 |

---

**BHFTI-324**

------

**Brighthouse Funds Trust I**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**T. Rowe Price Mid Cap Growth Portfolio**

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

**Convertible Preferred Stocks—(Continued)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**/<br> **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Software — 0.4%** | **Software — 0.4%** | **Software — 0.4%** |
| Databricks, Inc. - Series H † (a) (c) (d) | 11738 | &nbsp;&nbsp;&nbsp; $2007550 |
| Databricks, Inc. - Series I † (a) (c) (d) | 4164 | &nbsp;&nbsp;&nbsp; 712169 |
| Databricks, Inc. - Series J † (a) (c) (d) | 7056 | &nbsp;&nbsp;&nbsp; 1206788 |
|  |  | &nbsp;&nbsp;&nbsp; 3926507 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Convertible Preferred Stocks <br>(Cost $5,293,184) <br>|  | &nbsp;&nbsp;&nbsp; 5845907 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—2.8%** | **Short-Term Investments—2.8%** | **Short-Term Investments—2.8%** |
| **Short-Term Investment Funds—2.8%** |  |  |
| T. Rowe Price Government Reserve Fund |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.664% (e) (f) | 30094048 | &nbsp;&nbsp;&nbsp; 30094048 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $30,094,048) <br>|  | &nbsp;&nbsp;&nbsp; 30094048 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (g)—14.0%** | **Securities Lending Reinvestments (g)—14.0%** | **Securities Lending Reinvestments (g)—14.0%** |
| **Short-Term Investment Funds—1.2%** | **Short-Term Investment Funds—1.2%** | **Short-Term Investment Funds—1.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (f)<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund, <br>Institutional Shares 3.530% (f)<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| &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; 13000000 |

---

&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; 4.010%, SOFR + 0.380%, 11/19/26 (h) | 1000000 | &nbsp;&nbsp;&nbsp; 1000380 |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.760%, 05/12/26 | 1000000 | &nbsp;&nbsp;&nbsp; 999969 |
| Commonwealth Bank of Australia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 04/13/26 (h) | 1000000 | &nbsp;&nbsp;&nbsp; 1000040 |
| Mizuho Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, SOFR + 0.220%, 04/10/26 (h) | 1000000 | &nbsp;&nbsp;&nbsp; 999981 |
| 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; 6975160 |
| **Commercial Paper—0.8%** | **Commercial Paper—0.8%** | **Commercial Paper—0.8%** |
| Concord Minutemen Capital Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 06/18/26 (h) | 2000000 | &nbsp;&nbsp;&nbsp; 1999996 |
| ING U.S. Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.960%, SOFR + 0.330%, 09/18/26 (h) | 1000000 | &nbsp;&nbsp;&nbsp; 999950 |
| Ionic Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.720%, 04/01/26 | 1000000 | &nbsp;&nbsp;&nbsp; 999892 |
| 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 | 3000000 | &nbsp;&nbsp;&nbsp; 2992254 |
|  |  | &nbsp;&nbsp;&nbsp; 7991881 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Repurchase Agreements—10.5%** | **Repurchase Agreements—10.5%** | **Repurchase Agreements—10.5%** |
| 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 $6,000,628; collateralized <br> by various Common Stock with an aggregate market value of <br> $6,687,599<br>| 6000000 | &nbsp;&nbsp;&nbsp; $6000000 |
| 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 $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 $25,002,618; <br> collateralized by various Common Stock with an aggregate <br> market value of $27,807,026<br>| 25000000 | &nbsp;&nbsp;&nbsp; 25000000 |
| 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 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 4.130%, due on <br> 10/02/26 with a maturity value of $8,169,789; 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> $8,160,106<br>| 8000000 | &nbsp;&nbsp;&nbsp; 8000000 |
| 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 $8,300,872; 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> $9,221,154<br>| 8300000 | &nbsp;&nbsp;&nbsp; 8300000 |
| 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 $11,001,155; <br> collateralized by various Common Stock with an aggregate <br> market value of $12,260,916<br>| 11000000 | &nbsp;&nbsp;&nbsp; 11000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreement dated 03/31/26 at 3.800%, due on <br> 04/07/26 with a maturity value of $19,014,039; <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 $20,294,114<br>| 19000000 | &nbsp;&nbsp;&nbsp; 19000000 |

---

**BHFTI-325**

------

**Brighthouse Funds Trust I**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**T. Rowe Price Mid 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 $9,481,373; 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 $9,671,001<br>| 9480412 | &nbsp;&nbsp;&nbsp; $9480412 |
| 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 $2,001,489; collateralized <br> by various Common Stock with an aggregate market value of <br> $2,229,350<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| 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 $3,011,404; collateralized <br> by various Common Stock with an aggregate market value of <br> $3,333,696<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
|  |  | &nbsp;&nbsp;&nbsp; 110780412 |
| **Time Deposits—0.8%** | **Time Deposits—0.8%** | **Time Deposits—0.8%** |
| 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 | 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.710%, OBFR + 0.070% 04/07/26 (h) | 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
| Svenska NY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
|  |  | &nbsp;&nbsp;&nbsp; 9000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $147,747,496) <br>|  | &nbsp;&nbsp;&nbsp; 147747453 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—114.0% <br>(Cost $1,054,446,518) <br>|  | &nbsp;&nbsp;&nbsp; 1204741951 |
| Other assets and liabilities (net)—(14.0)%  |  | &nbsp;&nbsp;&nbsp; (147805552)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1056936399 |

---

&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 $7,132,427, <br> which is 0.7% 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 $176,246,801 and the collateral received consisted of cash in the amount <br> of $147,728,380 and non-cash collateral with a value of $26,210,484. 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) | 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 0.7% 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. |
| (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>|

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Restricted Securities** | **Acquisition** <br>**Date**<br>| **Shares** | **Cost** | **Value** |
| Bending Spoons SpA - Class C | 10/28/25 | &nbsp;&nbsp; 14584 | &nbsp;&nbsp; $1296982 | &nbsp;&nbsp; $1286520 |
| Databricks, Inc. - Series H | 08/31/21 | &nbsp;&nbsp; 11738 | &nbsp;&nbsp; 862557 | &nbsp;&nbsp; 2007550 |
| Databricks, Inc. - Series I | 09/14/23 | &nbsp;&nbsp; 4164 | &nbsp;&nbsp; 306054 | &nbsp;&nbsp; 712169 |
| Databricks, Inc. - Series J | 12/17/24 | &nbsp;&nbsp; 7056 | &nbsp;&nbsp; 652680 | &nbsp;&nbsp; 1206788 |
| Nuro, Inc. - Series D | 10/29/21 | &nbsp;&nbsp; 37838 | &nbsp;&nbsp; 788760 | &nbsp;&nbsp; 578543 |
| Redwood Materials, Inc. - Series C | 05/28/21 | &nbsp;&nbsp; 18350 | &nbsp;&nbsp; 869854 | &nbsp;&nbsp; 863734 |
| Sila Nanotechnologies, Inc. - Series F | 01/07/21 | &nbsp;&nbsp; 43934 | &nbsp;&nbsp; 1813279 | &nbsp;&nbsp; 477123 |
|  |  |  |  | &nbsp;&nbsp; $7132427 |

---

**BHFTI-326**

------

**Brighthouse Funds Trust I**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**T. Rowe Price Mid Cap Growth Portfolio**

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

**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; $37723685 | &nbsp;&nbsp; $32090178 | &nbsp;&nbsp; $(39719815)<br>| &nbsp;&nbsp; $30094048 |

---

&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; $431338 | &nbsp;&nbsp; 30094048 |

---

**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; $23071091 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $23071091 |
| &nbsp;&nbsp;&nbsp;&nbsp; Biotechnology | &nbsp;&nbsp;&nbsp; 73569562 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 73569562 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp;&nbsp; 52239066 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 52239066 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Services & Supplies | &nbsp;&nbsp;&nbsp; 22413558 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22413558 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction & Engineering | &nbsp;&nbsp;&nbsp; 13210756 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13210756 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction Materials | &nbsp;&nbsp;&nbsp; 12384650 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12384650 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples Distribution & Retail | &nbsp;&nbsp;&nbsp; 30338014 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 30338014 |
| &nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | &nbsp;&nbsp;&nbsp; 19129636 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19129636 |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributors | &nbsp;&nbsp;&nbsp; 9590442 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9590442 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Consumer Services | &nbsp;&nbsp;&nbsp; 21512069 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21512069 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | &nbsp;&nbsp;&nbsp; 3138463 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3138463 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronic Equipment, Instruments & Components | &nbsp;&nbsp;&nbsp; 23757674 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23757674 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy Equipment & Services | &nbsp;&nbsp;&nbsp; 18038921 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 18038921 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp;&nbsp; 18798241 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 18798241 |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial Services | &nbsp;&nbsp;&nbsp; 3591108 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3591108 |
| &nbsp;&nbsp;&nbsp;&nbsp; Food Products | &nbsp;&nbsp;&nbsp; 6537024 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6537024 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ground Transportation | &nbsp;&nbsp;&nbsp; 27296122 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 27296122 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Equipment & Supplies | &nbsp;&nbsp;&nbsp; 34555168 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 34555168 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Providers & Services | &nbsp;&nbsp;&nbsp; 20732200 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20732200 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Technology | &nbsp;&nbsp;&nbsp; 13220347 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13220347 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure | &nbsp;&nbsp;&nbsp; 118632781 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 118632781 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Durables | &nbsp;&nbsp;&nbsp; 4075080 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4075080 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial Conglomerates | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1286520 | &nbsp;&nbsp;&nbsp; 1286520 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp;&nbsp; 25390477 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 25390477 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interactive Media & Services | &nbsp;&nbsp;&nbsp; 6453640 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6453640 |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp;&nbsp; 3598119 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3598119 |
| &nbsp;&nbsp;&nbsp;&nbsp; Life Sciences Tools & Services | &nbsp;&nbsp;&nbsp; 58255227 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 58255227 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | &nbsp;&nbsp;&nbsp; 34559556 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 34559556 |
| &nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp;&nbsp; 14426679 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14426679 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas & Consumable Fuels | &nbsp;&nbsp;&nbsp; 27657271 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 27657271 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals | &nbsp;&nbsp;&nbsp; 10145195 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10145195 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional Services | &nbsp;&nbsp;&nbsp; 50538922 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 50538922 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | &nbsp;&nbsp;&nbsp; 78174045 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 78174045 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp;&nbsp; 71511831 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 71511831 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Retail | &nbsp;&nbsp;&nbsp; 40416464 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 40416464 |
| &nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware, Storage & Peripherals | &nbsp;&nbsp;&nbsp; 7580736 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7580736 |
| &nbsp;&nbsp;&nbsp;&nbsp; Textiles, Apparel & Luxury Goods | &nbsp;&nbsp;&nbsp; 7230422 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7230422 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trading Companies & Distributors | &nbsp;&nbsp;&nbsp; 13997466 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13997466 |
| Total Common Stocks | &nbsp;&nbsp;&nbsp; 1019768023 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1286520 | &nbsp;&nbsp;&nbsp; 1021054543 |
| Total Convertible Preferred Stocks\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5845907 | &nbsp;&nbsp;&nbsp; 5845907 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; 30094048 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 30094048 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 13000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificates of Deposit | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6975160 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6975160 |

---

**BHFTI-327**

------

**Brighthouse Funds Trust I**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**T. Rowe Price Mid Cap Growth 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; Commercial Paper | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $7991881 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $7991881 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 110780412 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 110780412 |
| &nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9000000 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 13000000 | &nbsp;&nbsp;&nbsp; 134747453 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 147747453 |
| Total Investments | &nbsp;&nbsp;&nbsp; $1062862071 | &nbsp;&nbsp;&nbsp; $134747453 | &nbsp;&nbsp;&nbsp; $7132427 | &nbsp;&nbsp;&nbsp; $1204741951 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(147728380)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(147728380)<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.

**BHFTI-328**

------

**Brighthouse Funds Trust I**

**TCW Core Fixed Income Portfolio**

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

**Agency Sponsored Mortgage-Backed Securities—37.0% 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>|
| **Agency Collateralized Mortgage Obligations — 1.3%** | **Agency Collateralized Mortgage Obligations — 1.3%** | **Agency Collateralized Mortgage Obligations — 1.3%** |
| Federal Home Loan Mortgage Corp. REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/15/48 | 510741 | &nbsp;&nbsp;&nbsp; $456620 |
| Federal Home Loan Mortgage Corp. STACR REMICS Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.162%, SOFR30A + 1.500%, 10/25/41 (144A) (a) | 2249584 | &nbsp;&nbsp;&nbsp; 2251687 |
| Federal Home Loan Mortgage Corp. STRIPS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 01/25/51 (b) | 7528459 | &nbsp;&nbsp;&nbsp; 902846 |
| Federal National Mortgage Association Interest STRIPS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 07/25/50 (b) | 3460985 | &nbsp;&nbsp;&nbsp; 431559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 07/25/51 (b) | 10061865 | &nbsp;&nbsp;&nbsp; 1248685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 09/25/51 (b) | 4008237 | &nbsp;&nbsp;&nbsp; 500502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/25/52 (b) | 8516490 | &nbsp;&nbsp;&nbsp; 1064686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/25/52 (b) | 6157923 | &nbsp;&nbsp;&nbsp; 784843 |
| Federal National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 07/25/52 (b) | 47376354 | &nbsp;&nbsp;&nbsp; 5927346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/25/48 | 1191182 | &nbsp;&nbsp;&nbsp; 1047376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/25/47 | 281901 | &nbsp;&nbsp;&nbsp; 280217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/25/47 | 575740 | &nbsp;&nbsp;&nbsp; 563612 |
| Government National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/20/48 | 971689 | &nbsp;&nbsp;&nbsp; 900568 |
|  |  | &nbsp;&nbsp;&nbsp; 16360547 |
| **Agency Mortgage-Backed Securities — 35.7%** | **Agency Mortgage-Backed Securities — 35.7%** | **Agency Mortgage-Backed Securities — 35.7%** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/52 | 8270160 | &nbsp;&nbsp;&nbsp; 6699167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/52 | 5375161 | &nbsp;&nbsp;&nbsp; 4347726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/52 | 6857561 | &nbsp;&nbsp;&nbsp; 5805334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/01/52 | 5910997 | &nbsp;&nbsp;&nbsp; 5000301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/46 | 685441 | &nbsp;&nbsp;&nbsp; 619014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/46 | 1862609 | &nbsp;&nbsp;&nbsp; 1681137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/46 | 2882954 | &nbsp;&nbsp;&nbsp; 2601325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/47 | 3571228 | &nbsp;&nbsp;&nbsp; 3208368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/50 | 4015480 | &nbsp;&nbsp;&nbsp; 3609534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/52 | 4651620 | &nbsp;&nbsp;&nbsp; 4118696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/44 | 1322130 | &nbsp;&nbsp;&nbsp; 1247433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/45 | 1983068 | &nbsp;&nbsp;&nbsp; 1874481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/45 | 213219 | &nbsp;&nbsp;&nbsp; 200295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/46 | 766277 | &nbsp;&nbsp;&nbsp; 718249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/46 | 888065 | &nbsp;&nbsp;&nbsp; 834760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/47 | 2359713 | &nbsp;&nbsp;&nbsp; 2201429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/48 | 8360292 | &nbsp;&nbsp;&nbsp; 7833413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/45 | 1386563 | &nbsp;&nbsp;&nbsp; 1338441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/45 | 3129157 | &nbsp;&nbsp;&nbsp; 3025528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/48 | 266037 | &nbsp;&nbsp;&nbsp; 254802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/48 | 18165 | &nbsp;&nbsp;&nbsp; 17419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/48 | 426056 | &nbsp;&nbsp;&nbsp; 409184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/52 | 6303465 | &nbsp;&nbsp;&nbsp; 5972192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/54 | 7018337 | &nbsp;&nbsp;&nbsp; 6627730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/48 | 902775 | &nbsp;&nbsp;&nbsp; 887849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/52 | 1979940 | &nbsp;&nbsp;&nbsp; 1916624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/52 | 2904601 | &nbsp;&nbsp;&nbsp; 2815303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/01/52 | 6367651 | &nbsp;&nbsp;&nbsp; 6171236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/53 | 3573932 | &nbsp;&nbsp;&nbsp; 3464427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/48 | 261780 | &nbsp;&nbsp;&nbsp; 263878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/48 | 38818 | &nbsp;&nbsp;&nbsp; 38993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/48 | 486677 | &nbsp;&nbsp;&nbsp; 488376 |

---

---

| | | |
|:---|:---|:---|
| **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%, 08/01/40 | 1768569 | &nbsp;&nbsp;&nbsp; $1559908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/01/40 | 235316 | &nbsp;&nbsp;&nbsp; 207212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 07/01/41 | 2872487 | &nbsp;&nbsp;&nbsp; 2507581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/50 | 1514971 | &nbsp;&nbsp;&nbsp; 1233851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/51 | 4928626 | &nbsp;&nbsp;&nbsp; 4008923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/51 | 7590814 | &nbsp;&nbsp;&nbsp; 6171180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/51 | 7722762 | &nbsp;&nbsp;&nbsp; 6254689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/52 | 6150627 | &nbsp;&nbsp;&nbsp; 4976572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/52 | 9528802 | &nbsp;&nbsp;&nbsp; 7775569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/52 | 11903666 | &nbsp;&nbsp;&nbsp; 9605620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/01/51 | 6868317 | &nbsp;&nbsp;&nbsp; 5906036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/01/51 | 7058629 | &nbsp;&nbsp;&nbsp; 6055302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/01/52 | 562104 | &nbsp;&nbsp;&nbsp; 476204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/52 | 7228237 | &nbsp;&nbsp;&nbsp; 6119134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/01/45 | 5455667 | &nbsp;&nbsp;&nbsp; 4969345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/49 | 2881221 | &nbsp;&nbsp;&nbsp; 2588873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/49 | 827202 | &nbsp;&nbsp;&nbsp; 723079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/44 | 1704725 | &nbsp;&nbsp;&nbsp; 1601855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/48 | 2001296 | &nbsp;&nbsp;&nbsp; 1861808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/48 | 965833 | &nbsp;&nbsp;&nbsp; 901595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/42 | 231086 | &nbsp;&nbsp;&nbsp; 224182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/47 | 513145 | &nbsp;&nbsp;&nbsp; 491610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/52 | 6663143 | &nbsp;&nbsp;&nbsp; 6312765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/52 | 6728582 | &nbsp;&nbsp;&nbsp; 6372661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/53 | 6008411 | &nbsp;&nbsp;&nbsp; 5678072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/46 | 844905 | &nbsp;&nbsp;&nbsp; 833555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/48 | 2444228 | &nbsp;&nbsp;&nbsp; 2397731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/48 | 428794 | &nbsp;&nbsp;&nbsp; 419156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/52 | 5064608 | &nbsp;&nbsp;&nbsp; 4909425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/01/52 | 9360974 | &nbsp;&nbsp;&nbsp; 9071274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/53 | 10315829 | &nbsp;&nbsp;&nbsp; 10005328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/01/53 | 2377492 | &nbsp;&nbsp;&nbsp; 2355950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/53 | 3487832 | &nbsp;&nbsp;&nbsp; 3456229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/53 | 5199233 | &nbsp;&nbsp;&nbsp; 5144314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/01/53 | 2120516 | &nbsp;&nbsp;&nbsp; 2137151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/01/53 | 7910887 | &nbsp;&nbsp;&nbsp; 7972950 |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/20/46 | 564479 | &nbsp;&nbsp;&nbsp; 511709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/20/46 | 1782896 | &nbsp;&nbsp;&nbsp; 1613482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/20/47 | 364578 | &nbsp;&nbsp;&nbsp; 330276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/20/47 | 638384 | &nbsp;&nbsp;&nbsp; 576984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/20/49 | 699768 | &nbsp;&nbsp;&nbsp; 614710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/20/46 | 1275834 | &nbsp;&nbsp;&nbsp; 1200948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/20/46 | 560908 | &nbsp;&nbsp;&nbsp; 525324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/20/46 | 124882 | &nbsp;&nbsp;&nbsp; 116959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/20/46 | 1891166 | &nbsp;&nbsp;&nbsp; 1779175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/20/47 | 330265 | &nbsp;&nbsp;&nbsp; 310144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/20/47 | 606773 | &nbsp;&nbsp;&nbsp; 569453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/20/47 | 1228650 | &nbsp;&nbsp;&nbsp; 1154597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/20/49 | 96669 | &nbsp;&nbsp;&nbsp; 87607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/20/47 | 610101 | &nbsp;&nbsp;&nbsp; 582748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/20/47 | 559477 | &nbsp;&nbsp;&nbsp; 534293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/20/48 | 399884 | &nbsp;&nbsp;&nbsp; 381736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/20/48 | 804954 | &nbsp;&nbsp;&nbsp; 767650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/20/52 | 6412976 | &nbsp;&nbsp;&nbsp; 6075105 |

---

**BHFTI-329**

------

**Brighthouse Funds Trust I**

**TCW Core Fixed 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; 4.500%, 02/20/47 | 1180973 | &nbsp;&nbsp;&nbsp; $1167124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/20/47 | 1785529 | &nbsp;&nbsp;&nbsp; 1763211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/20/52 | 3637806 | &nbsp;&nbsp;&nbsp; 3544194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/20/47 | 890209 | &nbsp;&nbsp;&nbsp; 903058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/20/47 | 462777 | &nbsp;&nbsp;&nbsp; 469460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/20/54 | 3600565 | &nbsp;&nbsp;&nbsp; 3643571 |
| Government National Mortgage Association, TBA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, TBA (c) | 17875000 | &nbsp;&nbsp;&nbsp; 15375293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, TBA (c) | 9650000 | &nbsp;&nbsp;&nbsp; 8807365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, TBA (c) | 17300000 | &nbsp;&nbsp;&nbsp; 16202768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, TBA (c) | 6800000 | &nbsp;&nbsp;&nbsp; 6734056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, TBA (c) | 6450000 | &nbsp;&nbsp;&nbsp; 6491078 |
| Uniform Mortgage-Backed Security, TBA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, TBA (c) | 1225000 | &nbsp;&nbsp;&nbsp; 1074813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, TBA (c) | 54100000 | &nbsp;&nbsp;&nbsp; 49535496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, TBA (c) | 42525000 | &nbsp;&nbsp;&nbsp; 40111932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, TBA (c) | 29775000 | &nbsp;&nbsp;&nbsp; 28733044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, TBA (c) | 13100000 | &nbsp;&nbsp;&nbsp; 12918259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, TBA (c) | 6450000 | &nbsp;&nbsp;&nbsp; 6479708 |
|  |  | &nbsp;&nbsp;&nbsp; 451266663 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Agency Sponsored Mortgage-Backed Securities <br>(Cost $479,271,074) <br>|  | &nbsp;&nbsp;&nbsp; 467627210 |
| **U.S. Treasury & Government Agencies—30.9%** | **U.S. Treasury & Government Agencies—30.9%** | **U.S. Treasury & Government Agencies—30.9%** |
| **U.S. Treasury — 30.9%** | **U.S. Treasury — 30.9%** | **U.S. Treasury — 30.9%** |
| U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 02/15/46 (d) | 38805000 | &nbsp;&nbsp;&nbsp; 37410445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/15/56 (d) | 45727000 | &nbsp;&nbsp;&nbsp; 44598115 |
| U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 02/29/28 (d) | 953000 | &nbsp;&nbsp;&nbsp; 945480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/15/29 (d) | 35085000 | &nbsp;&nbsp;&nbsp; 34775265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/28/31 | 270000 | &nbsp;&nbsp;&nbsp; 264769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 03/31/28 | 85825000 | &nbsp;&nbsp;&nbsp; 85952397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 03/31/31 | 152050000 | &nbsp;&nbsp;&nbsp; 151562965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 02/15/36 (d) | 16688000 | &nbsp;&nbsp;&nbsp; 16427250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/31/33 | 17915000 | &nbsp;&nbsp;&nbsp; 18038166 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury & Government Agencies <br>(Cost $391,824,608) <br>|  | &nbsp;&nbsp;&nbsp; 389974852 |
| **Corporate Bonds & Notes—17.8%** | **Corporate Bonds & Notes—17.8%** | **Corporate Bonds & Notes—17.8%** |
| **Agriculture — 0.1%** | **Agriculture — 0.1%** | **Agriculture — 0.1%** |
| Japan Tobacco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 06/15/30 (144A) | 1835000 | &nbsp;&nbsp;&nbsp; 1880768 |
| **Airlines — 0.1%** | **Airlines — 0.1%** | **Airlines — 0.1%** |
| United Airlines Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 07/15/37 | 1748406 | &nbsp;&nbsp;&nbsp; 1799598 |
| **Auto Manufacturers — 0.2%** | **Auto Manufacturers — 0.2%** | **Auto Manufacturers — 0.2%** |
| Volkswagen Group of America Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 03/25/32 (144A) (d) | 2040000 | &nbsp;&nbsp;&nbsp; 2071768 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Banks — 2.3%** | **Banks — 2.3%** | **Banks — 2.3%** |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.087%, SOFR + 1.060%, 06/14/29 (a) (d) | 2010000 | &nbsp;&nbsp;&nbsp; $1912394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.299%, SOFR + 1.220%, 07/21/32 (a) | 153000 | &nbsp;&nbsp;&nbsp; 135058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.572%, SOFR + 1.210%, 10/20/32 (a) | 415000 | &nbsp;&nbsp;&nbsp; 369233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.970%, 3M TSFR + 1.332%, 03/05/29 (a) | 990000 | &nbsp;&nbsp;&nbsp; 981019 |
| Citibank NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.914%, 05/29/30 (d) | 1060000 | &nbsp;&nbsp;&nbsp; 1076525 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.462%, SOFR + 0.770%, 06/09/27 (a) | 80000 | &nbsp;&nbsp;&nbsp; 79539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.520%, SOFR + 1.177%, 11/03/32 (a) | 160000 | &nbsp;&nbsp;&nbsp; 141075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.057%, SOFR + 1.351%, 01/25/33 (a) | 80000 | &nbsp;&nbsp;&nbsp; 72347 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.542%, SOFR + 0.818%, 09/10/27 (a) | 1372000 | &nbsp;&nbsp;&nbsp; 1354219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.948%, SOFR + 0.913%, 10/21/27 (a) (d) | 1550000 | &nbsp;&nbsp;&nbsp; 1528846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.153%, SOFR + 0.900%, 10/21/29 (a) (d) | 130000 | &nbsp;&nbsp;&nbsp; 128787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.016%, SOFR + 1.420%, 10/23/35 (a) | 400000 | &nbsp;&nbsp;&nbsp; 392602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.536%, SOFR + 1.380%, 01/28/36 (a) (d) | 200000 | &nbsp;&nbsp;&nbsp; 203297 |
| HSBC Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.755%, SOFR + 2.110%, 06/09/28 (a) | 150000 | &nbsp;&nbsp;&nbsp; 150319 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.578%, SOFR + 0.885%, 04/22/27 (a) | 5695000 | &nbsp;&nbsp;&nbsp; 5685824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.182%, SOFR + 1.890%, 06/01/28 (a) (d) | 580000 | &nbsp;&nbsp;&nbsp; 565393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.580%, 3M TSFR + 1.250%, 04/22/32 (a) | 250000 | &nbsp;&nbsp;&nbsp; 225915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.739%, 3M TSFR + 1.510%, 10/15/30 (a) (d) | 1215000 | &nbsp;&nbsp;&nbsp; 1144301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.947%, SOFR + 1.170%, 02/24/28 (a) | 1250000 | &nbsp;&nbsp;&nbsp; 1234273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.946%, SOFR + 1.340%, 10/22/35 (a) (d) | 955000 | &nbsp;&nbsp;&nbsp; 944525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.502%, SOFR + 1.315%, 01/24/36 (a) (d) | 90000 | &nbsp;&nbsp;&nbsp; 92118 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.928%, SOFR + 1.020%, 04/28/32 (a) | 300000 | &nbsp;&nbsp;&nbsp; 260045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.239%, SOFR + 1.178%, 07/21/32 (a) | 855000 | &nbsp;&nbsp;&nbsp; 748534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.475%, SOFR + 1.000%, 01/21/28 (a) | 1275000 | &nbsp;&nbsp;&nbsp; 1255016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.511%, SOFR + 1.200%, 10/20/32 (a) | 670000 | &nbsp;&nbsp;&nbsp; 591571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.587%, SOFR + 1.418%, 01/18/36 (a) | 390000 | &nbsp;&nbsp;&nbsp; 397615 |
| Morgan Stanley Bank NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.016%, SOFR + 0.906%, 01/12/29 (a) (d) | 250000 | &nbsp;&nbsp;&nbsp; 252676 |
| Morgan Stanley Private Bank NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.204%, SOFR + 0.780%, 11/17/28 (a) | 200000 | &nbsp;&nbsp;&nbsp; 199307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.465%, SOFR + 1.020%, 11/19/31 (a) (d) | 925000 | &nbsp;&nbsp;&nbsp; 910645 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.393%, SOFR + 2.100%, 06/02/28 (a) | 4590000 | &nbsp;&nbsp;&nbsp; 4480097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.897%, SOFR + 2.100%, 07/25/33 (a) | 1265000 | &nbsp;&nbsp;&nbsp; 1258531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.211%, SOFR + 1.380%, 12/03/35 (a) | 265000 | &nbsp;&nbsp;&nbsp; 263828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.574%, SOFR + 1.740%, 07/25/29 (a) | 610000 | &nbsp;&nbsp;&nbsp; 624013 |
|  |  | &nbsp;&nbsp;&nbsp; 29659487 |
| **Beverages — 0.3%** | **Beverages — 0.3%** | **Beverages — 0.3%** |
| Bacardi Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 05/15/48 (144A) | 605000 | &nbsp;&nbsp;&nbsp; 526340 |
| Constellation Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 08/01/31 (d) | 2165000 | &nbsp;&nbsp;&nbsp; 1909657 |
| Diageo Investment Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 08/15/30 | 1330000 | &nbsp;&nbsp;&nbsp; 1357919 |
|  |  | &nbsp;&nbsp;&nbsp; 3793916 |

---

**BHFTI-330**

------

**Brighthouse Funds Trust I**

**TCW Core Fixed Income Portfolio**

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

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

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Biotechnology — 0.2%** | **Biotechnology — 0.2%** | **Biotechnology — 0.2%** |
| Amgen, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 02/19/36 (d) | 2000000 | &nbsp;&nbsp;&nbsp; $1965061 |
| **Chemicals — 0.3%** | **Chemicals — 0.3%** | **Chemicals — 0.3%** |
| International Flavors & Fragrances, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.300%, 11/01/30 (144A) (d) | 3628000 | &nbsp;&nbsp;&nbsp; 3232136 |
| **Commercial Services — 0.1%** | **Commercial Services — 0.1%** | **Commercial Services — 0.1%** |
| Rollins, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 02/24/35 | 1585000 | &nbsp;&nbsp;&nbsp; 1583899 |
| **Computers — 0.3%** | **Computers — 0.3%** | **Computers — 0.3%** |
| Dell International LLC/EMC Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/15/31 (d) | 2615000 | &nbsp;&nbsp;&nbsp; 2584090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/30 (d) | 1245000 | &nbsp;&nbsp;&nbsp; 1259979 |
|  |  | &nbsp;&nbsp;&nbsp; 3844069 |
| **Diversified Financial Services — 0.4%** | **Diversified Financial Services — 0.4%** | **Diversified Financial Services — 0.4%** |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/29/28 (d) | 2195000 | &nbsp;&nbsp;&nbsp; 2112873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 06/06/28 (d) | 455000 | &nbsp;&nbsp;&nbsp; 466176 |
| American Express Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.667%, SOFR + 1.790%, 04/25/36 (a) (d) | 1215000 | &nbsp;&nbsp;&nbsp; 1255727 |
| Avolon Holdings Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.528%, 11/18/27 (144A) | 560000 | &nbsp;&nbsp;&nbsp; 541022 |
| Lseg U.S. Fin Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/23/36 (144A) | 650000 | &nbsp;&nbsp;&nbsp; 643617 |
|  |  | &nbsp;&nbsp;&nbsp; 5019415 |
| **Electric — 3.1%** | **Electric — 3.1%** | **Electric — 3.1%** |
| AEP Transmission Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 04/01/34 | 935000 | &nbsp;&nbsp;&nbsp; 940669 |
| Alliant Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 5Y H15 + 2.077%, 04/01/56 (a) | 1050000 | &nbsp;&nbsp;&nbsp; 1020868 |
| American Electric Power Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 5Y H15 + 2.128%, 03/15/56 (a) (d) | 560000 | &nbsp;&nbsp;&nbsp; 553176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.050%, 5Y H15 + 1.940%, 03/15/56 (a) (d) | 2330000 | &nbsp;&nbsp;&nbsp; 2309204 |
| Appalachian Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 06/01/27 | 760000 | &nbsp;&nbsp;&nbsp; 749889 |
| Arizona Public Service Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 08/15/34 (d) | 2595000 | &nbsp;&nbsp;&nbsp; 2685672 |
| CenterPoint Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 5Y H15 + 2.223%, 04/01/56 (a) (d) | 1265000 | &nbsp;&nbsp;&nbsp; 1253752 |
| Dominion Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 5Y H15 + 2.262%, 02/15/56 (a) | 800000 | &nbsp;&nbsp;&nbsp; 794902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 5Y H15 + 2.006%, 02/15/56 (a) (d) | 1405000 | &nbsp;&nbsp;&nbsp; 1392642 |
| Duke Energy Progress LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 05/15/42 | 1000000 | &nbsp;&nbsp;&nbsp; 828789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 03/15/43 | 2325000 | &nbsp;&nbsp;&nbsp; 1911474 |
| Entergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 5Y H15 + 2.013%, 06/15/56 (a) (d) | 1570000 | &nbsp;&nbsp;&nbsp; 1549484 |
| Evergy Missouri West, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 06/01/34 (144A) | 2155000 | &nbsp;&nbsp;&nbsp; 2200209 |
| Eversource Energy |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 07/01/27 (d) | 1660000 | &nbsp;&nbsp;&nbsp; 1661333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 02/01/29 (d) | 1160000 | &nbsp;&nbsp;&nbsp; 1201881 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Electric—(Continued)** | **Electric—(Continued)** | **Electric—(Continued)** |
| FirstEnergy Pennsylvania Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 03/15/28 (144A) | 570000 | &nbsp;&nbsp;&nbsp; $557283 |
| Florida Power & Light Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.990%, 03/01/49 | 2000000 | &nbsp;&nbsp;&nbsp; 1547844 |
| International Transmission Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 08/15/43 | 2500000 | &nbsp;&nbsp;&nbsp; 2177634 |
| MidAmerican Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 09/15/43 | 905000 | &nbsp;&nbsp;&nbsp; 817489 |
| Oncor Electric Delivery Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 04/01/35 (d) | 1835000 | &nbsp;&nbsp;&nbsp; 1875068 |
| Public Service Co. of Colorado |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 04/01/53 | 1545000 | &nbsp;&nbsp;&nbsp; 1398107 |
| Southern Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 5Y H15 + 2.915%, 09/15/51 (a) | 2500000 | &nbsp;&nbsp;&nbsp; 2475122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 5Y H15 + 1.993%, 04/01/58 (a) (d) | 1600000 | &nbsp;&nbsp;&nbsp; 1608019 |
| Southwestern Electric Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 09/15/28 | 3000000 | &nbsp;&nbsp;&nbsp; 2979278 |
| Trans-Allegheny Interstate Line Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/15/31 (144A) (d) | 2500000 | &nbsp;&nbsp;&nbsp; 2539566 |
|  |  | &nbsp;&nbsp;&nbsp; 39029354 |
| **Food — 0.2%** | **Food — 0.2%** | **Food — 0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. <br> Holdings<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/15/32 | 25000 | &nbsp;&nbsp;&nbsp; 22216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/01/52 (d) | 810000 | &nbsp;&nbsp;&nbsp; 819978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/15/34 (d) | 1051000 | &nbsp;&nbsp;&nbsp; 1155941 |
| Pilgrim's Pride Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/32 (d) | 1200000 | &nbsp;&nbsp;&nbsp; 1089293 |
|  |  | &nbsp;&nbsp;&nbsp; 3087428 |
| **Gas — 1.0%** | **Gas — 1.0%** | **Gas — 1.0%** |
| CenterPoint Energy Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 07/01/34 (d) | 2155000 | &nbsp;&nbsp;&nbsp; 2199238 |
| East Ohio Gas Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 06/15/30 (144A) (d) | 1780000 | &nbsp;&nbsp;&nbsp; 1597599 |
| KeySpan Gas East Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.586%, 01/18/52 (144A) | 5000000 | &nbsp;&nbsp;&nbsp; 3315836 |
| Piedmont Natural Gas Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.100%, 02/15/35 (d) | 1175000 | &nbsp;&nbsp;&nbsp; 1169540 |
| Southern Co. Gas Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 06/15/26 (d) | 4000000 | &nbsp;&nbsp;&nbsp; 3992098 |
| Spire, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 08/15/44 | 1000000 | &nbsp;&nbsp;&nbsp; 842864 |
|  |  | &nbsp;&nbsp;&nbsp; 13117175 |
| **Healthcare-Products — 0.3%** | **Healthcare-Products — 0.3%** | **Healthcare-Products — 0.3%** |
| Abbott Laboratories |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/15/56 | 730000 | &nbsp;&nbsp;&nbsp; 715785 |
| Medline Borrower LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 04/01/29 (144A) | 3215000 | &nbsp;&nbsp;&nbsp; 3110068 |
|  |  | &nbsp;&nbsp;&nbsp; 3825853 |
| **Healthcare-Services — 2.0%** | **Healthcare-Services — 2.0%** | **Healthcare-Services — 2.0%** |
| Centene Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/15/30 | 1727000 | &nbsp;&nbsp;&nbsp; 1513473 |

---

**BHFTI-331**

------

**Brighthouse Funds Trust I**

**TCW Core Fixed 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-Services—(Continued)** | **Healthcare-Services—(Continued)** | **Healthcare-Services—(Continued)** |
| Cigna Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 03/15/51 (d) | 739000 | &nbsp;&nbsp;&nbsp; $500768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 01/15/36 (d) | 2710000 | &nbsp;&nbsp;&nbsp; 2713493 |
| CommonSpirit Health |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.782%, 10/01/30 (d) | 870000 | &nbsp;&nbsp;&nbsp; 799803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.347%, 10/01/29 | 110000 | &nbsp;&nbsp;&nbsp; 105220 |
| Elevance Health, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/15/36 (d) | 1970000 | &nbsp;&nbsp;&nbsp; 1929894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 02/15/35 (d) | 1905000 | &nbsp;&nbsp;&nbsp; 1901872 |
| Fresenius Medical Care U.S. Finance III, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 12/01/26 (144A) | 2050000 | &nbsp;&nbsp;&nbsp; 2010291 |
| HCA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 06/15/26 | 805000 | &nbsp;&nbsp;&nbsp; 805465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 02/01/29 (d) | 2000000 | &nbsp;&nbsp;&nbsp; 2058369 |
| Humana, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 03/23/29 | 4685000 | &nbsp;&nbsp;&nbsp; 4553908 |
| New York & Presbyterian Hospital |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.563%, 08/01/36 | 4490000 | &nbsp;&nbsp;&nbsp; 3950868 |
| UnitedHealth Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 07/15/54 (d) | 1960000 | &nbsp;&nbsp;&nbsp; 1868025 |
|  |  | &nbsp;&nbsp;&nbsp; 24711449 |
| **Insurance — 0.6%** | **Insurance — 0.6%** | **Insurance — 0.6%** |
| Farmers Exchange Capital III |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.454%, 3M TSFR + 3.716%, 10/15/54 (144A) (a) | 3530000 | &nbsp;&nbsp;&nbsp; 3188276 |
| Farmers Insurance Exchange |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.747%, 11/01/57 (144A) | 90000 | &nbsp;&nbsp;&nbsp; 75614 |
| Marsh & McLennan Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 03/15/36 | 1755000 | &nbsp;&nbsp;&nbsp; 1738411 |
| NLG Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, 09/15/30 (144A) (d) | 2000000 | &nbsp;&nbsp;&nbsp; 1964351 |
|  |  | &nbsp;&nbsp;&nbsp; 6966652 |
| **Internet — 1.1%** | **Internet — 1.1%** | **Internet — 1.1%** |
| Airbnb, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/16/36 | 1600000 | &nbsp;&nbsp;&nbsp; 1601620 |
| Alphabet, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 02/15/56 (d) | 2105000 | &nbsp;&nbsp;&nbsp; 2098229 |
| Amazon.com, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 03/13/36 | 915000 | &nbsp;&nbsp;&nbsp; 906661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 11/20/55 (d) | 1835000 | &nbsp;&nbsp;&nbsp; 1752918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 03/13/56 | 1200000 | &nbsp;&nbsp;&nbsp; 1199036 |
| Meta Platforms, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 11/15/55 (d) | 4663000 | &nbsp;&nbsp;&nbsp; 4371051 |
| Uber Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 09/15/34 (d) | 2150000 | &nbsp;&nbsp;&nbsp; 2104868 |
|  |  | &nbsp;&nbsp;&nbsp; 14034383 |
| **Lodging — 0.1%** | **Lodging — 0.1%** | **Lodging — 0.1%** |
| Las Vegas Sands Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/14/30 | 1220000 | &nbsp;&nbsp;&nbsp; 1254825 |
| **Media — 0.4%** | **Media — 0.4%** | **Media — 0.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 06/01/52 | 1315000 | &nbsp;&nbsp;&nbsp; 837115 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Media—(Continued)** | **Media—(Continued)** | **Media—(Continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 12/01/35 | 1600000 | &nbsp;&nbsp;&nbsp; $1573739 |
| Time Warner Cable LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/15/42 | 20000 | &nbsp;&nbsp;&nbsp; 15019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/41 | 430000 | &nbsp;&nbsp;&nbsp; 370596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 11/15/40 | 1850000 | &nbsp;&nbsp;&nbsp; 1676537 |
|  |  | &nbsp;&nbsp;&nbsp; 4473006 |
| **Miscellaneous Manufacturing — 0.1%** | **Miscellaneous Manufacturing — 0.1%** | **Miscellaneous Manufacturing — 0.1%** |
| Eaton Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 03/06/36 (d) | 1185000 | &nbsp;&nbsp;&nbsp; 1169942 |
| **Oil & Gas — 0.0%** | **Oil & Gas — 0.0%** | **Oil & Gas — 0.0%** |
| Petroleos Mexicanos |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 09/21/47 | 647000 | &nbsp;&nbsp;&nbsp; 516251 |
| **Packaging & Containers — 0.5%** | **Packaging & Containers — 0.5%** | **Packaging & Containers — 0.5%** |
| Amcor Finance USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 04/28/26 (d) | 2625000 | &nbsp;&nbsp;&nbsp; 2623495 |
| Amcor Flexibles North America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/17/35 (d) | 1490000 | &nbsp;&nbsp;&nbsp; 1507063 |
| Berry Global, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.650%, 01/15/27 (d) | 2631000 | &nbsp;&nbsp;&nbsp; 2575943 |
|  |  | &nbsp;&nbsp;&nbsp; 6706501 |
| **Pharmaceuticals — 0.9%** | **Pharmaceuticals — 0.9%** | **Pharmaceuticals — 0.9%** |
| Bayer U.S. Finance II LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 12/15/28 (144A) | 2776000 | &nbsp;&nbsp;&nbsp; 2748153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 07/15/44 (144A) | 1095000 | &nbsp;&nbsp;&nbsp; 864579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 06/25/38 (144A) | 1250000 | &nbsp;&nbsp;&nbsp; 1116049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 06/25/48 (144A) (d) | 355000 | &nbsp;&nbsp;&nbsp; 290822 |
| CVS Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.780%, 03/25/38 | 305000 | &nbsp;&nbsp;&nbsp; 281069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 03/25/48 (d) | 2555000 | &nbsp;&nbsp;&nbsp; 2192196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 09/15/35 (d) | 775000 | &nbsp;&nbsp;&nbsp; 778014 |
| Johnson & Johnson |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/35 (d) | 1175000 | &nbsp;&nbsp;&nbsp; 1209655 |
| Novartis Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 03/18/33 | 1300000 | &nbsp;&nbsp;&nbsp; 1294476 |
|  |  | &nbsp;&nbsp;&nbsp; 10775013 |
| **Pipelines — 0.0%** | **Pipelines — 0.0%** | **Pipelines — 0.0%** |
| TransCanada PipeLines Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/01/34 (d) | 145000 | &nbsp;&nbsp;&nbsp; 140325 |
| **Real Estate Investment Trusts — 1.3%** | **Real Estate Investment Trusts — 1.3%** | **Real Estate Investment Trusts — 1.3%** |
| American Assets Trust LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 02/01/31 | 1400000 | &nbsp;&nbsp;&nbsp; 1261975 |
| American Homes 4 Rent LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 07/15/31 (d) | 975000 | &nbsp;&nbsp;&nbsp; 857966 |
| American Tower Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.300%, 09/15/31 (d) | 2404000 | &nbsp;&nbsp;&nbsp; 2116396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.700%, 04/15/31 (d) | 1396000 | &nbsp;&nbsp;&nbsp; 1266659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 07/15/33 | 710000 | &nbsp;&nbsp;&nbsp; 729619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 11/15/33 | 1200000 | &nbsp;&nbsp;&nbsp; 1256813 |

---

**BHFTI-332**

------

**Brighthouse Funds Trust I**

**TCW Core Fixed 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)** |
| Extra Space Storage LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.400%, 10/15/31 (d) | 349000 | &nbsp;&nbsp;&nbsp; $305271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 04/01/29 (d) | 320000 | &nbsp;&nbsp;&nbsp; 313331 |
| GLP Capital LP/GLP Financing II, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/15/31 | 60000 | &nbsp;&nbsp;&nbsp; 56735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 03/01/36 | 1545000 | &nbsp;&nbsp;&nbsp; 1502664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 06/01/28 (d) | 2000000 | &nbsp;&nbsp;&nbsp; 2030456 |
| Healthcare Realty Holdings LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/26 | 2399000 | &nbsp;&nbsp;&nbsp; 2390952 |
| Hudson Pacific Properties LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 01/15/30 (d) | 454000 | &nbsp;&nbsp;&nbsp; 366881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 11/01/27 | 24000 | &nbsp;&nbsp;&nbsp; 22644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 04/01/29 | 4000 | &nbsp;&nbsp;&nbsp; 3412 |
| Invitation Homes Operating Partnership LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/15/31 (d) | 964000 | &nbsp;&nbsp;&nbsp; 825124 |
| LXP Industrial Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 11/15/28 | 102000 | &nbsp;&nbsp;&nbsp; 106939 |
| VICI Properties LP/VICI Note Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 02/15/29 (144A) (d) | 450000 | &nbsp;&nbsp;&nbsp; 437312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 08/15/30 (144A) | 57000 | &nbsp;&nbsp;&nbsp; 54586 |
|  |  | &nbsp;&nbsp;&nbsp; 15905735 |
| **Retail — 0.2%** | **Retail — 0.2%** | **Retail — 0.2%** |
| McDonald's Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 03/03/35 (d) | 1850000 | &nbsp;&nbsp;&nbsp; 1840317 |
| Starbucks Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, 05/15/35 | 110000 | &nbsp;&nbsp;&nbsp; 112470 |
|  |  | &nbsp;&nbsp;&nbsp; 1952787 |
| **Semiconductors — 0.1%** | **Semiconductors — 0.1%** | **Semiconductors — 0.1%** |
| Foundry JV Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/25/31 (144A) | 105000 | &nbsp;&nbsp;&nbsp; 107213 |
| Intel Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/12/31 (d) | 765000 | &nbsp;&nbsp;&nbsp; 661929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 11/15/49 | 905000 | &nbsp;&nbsp;&nbsp; 571778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.734%, 12/08/47 | 195000 | &nbsp;&nbsp;&nbsp; 136260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 08/05/52 (d) | 160000 | &nbsp;&nbsp;&nbsp; 130704 |
|  |  | &nbsp;&nbsp;&nbsp; 1607884 |
| **Software — 1.0%** | **Software — 1.0%** | **Software — 1.0%** |
| Atlassian Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/15/34 (d) | 650000 | &nbsp;&nbsp;&nbsp; 636504 |
| Fiserv, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 08/11/35 (d) | 1645000 | &nbsp;&nbsp;&nbsp; 1599786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 03/15/34 | 775000 | &nbsp;&nbsp;&nbsp; 771148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/21/33 (d) | 610000 | &nbsp;&nbsp;&nbsp; 615717 |
| Open Text Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.900%, 12/01/27 (144A) | 2060000 | &nbsp;&nbsp;&nbsp; 2114341 |
| Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 04/01/50 | 745000 | &nbsp;&nbsp;&nbsp; 449777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 11/15/37 (d) | 500000 | &nbsp;&nbsp;&nbsp; 397072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 03/25/51 | 1745000 | &nbsp;&nbsp;&nbsp; 1105729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 08/03/28 (d) | 970000 | &nbsp;&nbsp;&nbsp; 970412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.550%, 02/04/46 | 580000 | &nbsp;&nbsp;&nbsp; 541114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 02/04/56 (d) | 655000 | &nbsp;&nbsp;&nbsp; 607908 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Software—(Continued)** | **Software—(Continued)** | **Software—(Continued)** |
| Paychex, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 04/15/32 (d) | 1370000 | &nbsp;&nbsp;&nbsp; $1376909 |
| Salesforce, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 03/15/29 (d) | 645000 | &nbsp;&nbsp;&nbsp; 646336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, 03/15/36 (d) | 1375000 | &nbsp;&nbsp;&nbsp; 1370723 |
|  |  | &nbsp;&nbsp;&nbsp; 13203476 |
| **Telecommunications — 0.6%** | **Telecommunications — 0.6%** | **Telecommunications — 0.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint <br> Spectrum Co. III LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.152%, 09/20/29 (144A) | 660000 | &nbsp;&nbsp;&nbsp; 663259 |
| T-Mobile USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/15/31 | 4000000 | &nbsp;&nbsp;&nbsp; 3783114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 04/15/27 | 2145000 | &nbsp;&nbsp;&nbsp; 2131722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/36 (d) | 620000 | &nbsp;&nbsp;&nbsp; 610648 |
|  |  | &nbsp;&nbsp;&nbsp; 7188743 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $231,269,714) <br>|  | &nbsp;&nbsp;&nbsp; 224516899 |
| **Asset-Backed Securities—10.7%** | **Asset-Backed Securities—10.7%** | **Asset-Backed Securities—10.7%** |
| **Asset-Backed - Home Equity — 1.5%** | **Asset-Backed - Home Equity — 1.5%** | **Asset-Backed - Home Equity — 1.5%** |
| COOPR Residential Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.874%, 01/01/61 (144A) (e) | 4043979 | &nbsp;&nbsp;&nbsp; 4010079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.040%, 11/25/60 (144A) (e) | 3173930 | &nbsp;&nbsp;&nbsp; 3163243 |
| FIGRE Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.053%, 11/25/55 (144A) (e) | 2784381 | &nbsp;&nbsp;&nbsp; 2768603 |
| New Century Home Equity Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.573%, 1M TSFR + 0.894%, 08/25/34 (a) | 3799980 | &nbsp;&nbsp;&nbsp; 3704955 |
| Soundview Home Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.003%, 1M TSFR + 0.324%, 06/25/37 (a) | 8543888 | &nbsp;&nbsp;&nbsp; 5742540 |
|  |  | &nbsp;&nbsp;&nbsp; 19389420 |
| **Asset-Backed - Other — 8.1%** | **Asset-Backed - Other — 8.1%** | **Asset-Backed - Other — 8.1%** |
| Aligned Data Centers Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.937%, 08/15/46 (144A) | 1940000 | &nbsp;&nbsp;&nbsp; 1920188 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-<br> Through Certificates<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.543%, 1M TSFR + 0.864%, 01/25/36 (a) | 2477828 | &nbsp;&nbsp;&nbsp; 2454108 |
| Bain Capital Credit CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.646%, 3M TSFR + 0.980%, 07/19/34 (144A) (a) | 3250000 | &nbsp;&nbsp;&nbsp; 3246779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.668%, 3M TSFR + 1.000%, 10/20/34 (144A) (a) | 1500000 | &nbsp;&nbsp;&nbsp; 1496973 |
| Ballyrock CLO 20 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.722%, 3M TSFR + 1.050%, 10/15/36 (144A) (a) | 3300000 | &nbsp;&nbsp;&nbsp; 3293433 |
| Carrington Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.073%, 1M TSFR + 0.394%, 12/25/36 (a) | 3263090 | &nbsp;&nbsp;&nbsp; 3215875 |
| CIFC Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.658%, 3M TSFR + 0.990%, 01/17/35 (144A) (a) | 3160000 | &nbsp;&nbsp;&nbsp; 3152353 |
| Cloud Capital Holdco LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.781%, 11/22/49 (144A) | 2610000 | &nbsp;&nbsp;&nbsp; 2610226 |
| Clover CLO LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.198%, 3M TSFR + 1.530%, 04/20/37 (144A) (a) | 5000000 | &nbsp;&nbsp;&nbsp; 5000045 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consolidated Communications LLC/Fidium Fiber Finance <br> Holdco LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/20/55 (144A) | 1105000 | &nbsp;&nbsp;&nbsp; 1121422 |

---

**BHFTI-333**

------

**Brighthouse Funds Trust I**

**TCW Core Fixed 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)** |
| Countrywide Asset-Backed Certificates Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.143%, 1M TSFR + 1.464%, 08/25/47 (a) | 5029641 | &nbsp;&nbsp;&nbsp; $4763527 |
| CyrusOne Data Centers Issuer I LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.760%, 03/22/49 (144A) | 3380000 | &nbsp;&nbsp;&nbsp; 3312504 |
| Dryden 72 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.753%, 3M TSFR + 1.100%, 05/15/32 (144A) (a) | 1929401 | &nbsp;&nbsp;&nbsp; 1929918 |
| Dryden 95 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.256%, 3M TSFR + 1.600%, 08/20/34 (144A) (a) | 3220000 | &nbsp;&nbsp;&nbsp; 3214629 |
| Golub Capital Partners CLO 53B Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.648%, 3M TSFR + 0.980%, 07/20/34 (144A) (a) | 3300000 | &nbsp;&nbsp;&nbsp; 3294463 |
| Gracie Point International Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.169%, SOFR30A + 1.500%, 08/15/28 (144A) (a) | 1935000 | &nbsp;&nbsp;&nbsp; 1937199 |
| HPS Loan Management Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.781%, 3M TSFR + 1.110%, 01/23/35 (144A) (a) | 3455000 | &nbsp;&nbsp;&nbsp; 3451738 |
| Invesco CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.749%, 3M TSFR + 1.080%, 10/22/34 (144A) (a) | 3230000 | &nbsp;&nbsp;&nbsp; 3223540 |
| JP Morgan Mortgage Acquisition Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.318%, 1M TSFR + 0.639%, 01/25/37 (a) | 8307000 | &nbsp;&nbsp;&nbsp; 7849284 |
| LCM 37 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.732%, 3M TSFR + 1.060%, 04/15/34 (144A) (a) | 3019906 | &nbsp;&nbsp;&nbsp; 3018433 |
| LCM 39 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.703%, 3M TSFR + 1.040%, 10/15/34 (144A) (a) | 3300000 | &nbsp;&nbsp;&nbsp; 3285757 |
| Neuberger Berman Loan Advisers CLO 45Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.727%, 3M TSFR + 1.060%, 10/14/36 (144A) (a) | 3400000 | &nbsp;&nbsp;&nbsp; 3394546 |
| Neuberger Berman Loan Advisers CLO 51 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.668%, 3M TSFR + 1.000%, 10/23/36 (144A) (a) | 2500000 | &nbsp;&nbsp;&nbsp; 2499288 |
| Octagon 57 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.742%, 3M TSFR + 1.070%, 10/15/34 (144A) (a) | 3300000 | &nbsp;&nbsp;&nbsp; 3294439 |
| Octagon Investment Partners 51 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.658%, 3M TSFR + 0.990%, 07/20/34 (144A) (a) | 3300000 | &nbsp;&nbsp;&nbsp; 3291156 |
| Park Avenue Institutional Advisers CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.723%, 3M TSFR + 1.070%, 02/14/34 (144A) (a) | 2700000 | &nbsp;&nbsp;&nbsp; 2698399 |
| Rockford Tower CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.786%, 3M TSFR + 1.130%, 08/20/32 (144A) (a) | 1946317 | &nbsp;&nbsp;&nbsp; 1948729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.119%, 3M TSFR + 1.452%, 10/20/30 (144A) (a) | 650 | &nbsp;&nbsp;&nbsp; 650 |
| RR 26 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.792%, 3M TSFR + 1.120%, 04/15/38 (144A) (a) | 2100000 | &nbsp;&nbsp;&nbsp; 2095294 |
| Structured Asset Investment Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.593%, 1M TSFR + 0.914%, 07/25/34 (a) | 910224 | &nbsp;&nbsp;&nbsp; 940628 |
| TIF Funding II LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.090%, 08/20/45 (144A) | 3637541 | &nbsp;&nbsp;&nbsp; 3478620 |
| Trinitas CLO VII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.728%, 3M TSFR + 1.060%, 01/25/35 (144A) (a) | 3300000 | &nbsp;&nbsp;&nbsp; 3290480 |
| Trinitas CLO XX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.708%, 3M TSFR + 1.040%, 07/20/35 (144A) (a) | 3300000 | &nbsp;&nbsp;&nbsp; 3289734 |
| Valley Stream Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.858%, 3M TSFR + 1.190%, 01/20/37 (144A) (a) | 3500000 | &nbsp;&nbsp;&nbsp; 3500686 |
| Vantage Data Centers Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.165%, 10/15/46 (144A) | 2015000 | &nbsp;&nbsp;&nbsp; 1980747 |
|  |  | &nbsp;&nbsp;&nbsp; 102495790 |
| **Asset-Backed - Student Loan — 1.1%** | **Asset-Backed - Student Loan — 1.1%** | **Asset-Backed - Student Loan — 1.1%** |
| Navient Student Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.276%, SOFR30A + 1.614%, 10/25/58 (a) | 2470000 | &nbsp;&nbsp;&nbsp; 2370653 |
| SLM Student Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.479%, SOFR90A + 0.592%, 01/25/28 (a) | 798242 | &nbsp;&nbsp;&nbsp; 789358 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **Asset-Backed - Student Loan—(Continued)** | **Asset-Backed - Student Loan—(Continued)** | **Asset-Backed - Student Loan—(Continued)** |
| SLM Student Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.519%, SOFR90A + 0.632%, 01/25/40 (a) | 1800297 | &nbsp;&nbsp;&nbsp; $1693551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.153%, SOFR90A + 1.462%, 12/15/33 (144A) (a) | 1739759 | &nbsp;&nbsp;&nbsp; 1720512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.576%, SOFR30A + 1.914%, 09/25/43 (a) | 5800000 | &nbsp;&nbsp;&nbsp; 5571421 |
| Wachovia Student Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.319%, SOFR90A + 0.432%, 04/25/40 (144A) (a) | 1756957 | &nbsp;&nbsp;&nbsp; 1718822 |
|  |  | &nbsp;&nbsp;&nbsp; 13864317 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities <br>(Cost $135,591,545) <br>|  | &nbsp;&nbsp;&nbsp; 135749527 |
| **Non-Agency Mortgage-Backed Securities—9.9%** | **Non-Agency Mortgage-Backed Securities—9.9%** | **Non-Agency Mortgage-Backed Securities—9.9%** |
| **Collateralized Mortgage Obligations — 4.8%** | **Collateralized Mortgage Obligations — 4.8%** | **Collateralized Mortgage Obligations — 4.8%** |
| Angel Oak Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.045%, 01/25/67 (144A) (a) | 5344988 | &nbsp;&nbsp;&nbsp; 5111077 |
| CIM Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.951%, 06/25/57 (144A) (a) | 2845144 | &nbsp;&nbsp;&nbsp; 2642264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/01/61 (144A) (a) | 3599846 | &nbsp;&nbsp;&nbsp; 3340239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/25/61 (144A) (a) | 3394819 | &nbsp;&nbsp;&nbsp; 3000872 |
| Cross Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.833%, 03/25/61 (144A) (a) | 2229738 | &nbsp;&nbsp;&nbsp; 2209719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.968%, 01/25/71 (144A) (a) | 2018185 | &nbsp;&nbsp;&nbsp; 2005772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.003%, 11/25/70 (144A) (a) | 3102692 | &nbsp;&nbsp;&nbsp; 3087064 |
| CSMC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 09/25/57 (144A) (a) | 2906322 | &nbsp;&nbsp;&nbsp; 2792221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.547%, 05/25/67 (144A) (a) | 2909213 | &nbsp;&nbsp;&nbsp; 2899560 |
| GCAT Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/25/55 (144A) (a) | 3289591 | &nbsp;&nbsp;&nbsp; 3324542 |
| GS Mortgage-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/25/55 (144A) (a) | 2357966 | &nbsp;&nbsp;&nbsp; 2358541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/25/55 (144A) (a) | 2373597 | &nbsp;&nbsp;&nbsp; 2374503 |
| JP Morgan Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/25/51 (144A) (a) | 4319103 | &nbsp;&nbsp;&nbsp; 4045763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/25/52 (144A) (a) | 7941480 | &nbsp;&nbsp;&nbsp; 7101721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/25/55 (144A) (a) | 1729438 | &nbsp;&nbsp;&nbsp; 1730293 |
| Morgan Stanley Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.984%, 09/25/70 (144A) (e) | 2552044 | &nbsp;&nbsp;&nbsp; 2537637 |
| PHH Alternative Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.393%, 1M TSFR + 0.714%, 07/25/37 (a) | 2189902 | &nbsp;&nbsp;&nbsp; 2146499 |
| PRKCM Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 04/25/57 (144A) (a) | 4615430 | &nbsp;&nbsp;&nbsp; 4594971 |
| WaMu Mortgage Pass-Through Certificates Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.373%, 1M TSFR + 0.694%, 10/25/45 (a) | 1081610 | &nbsp;&nbsp;&nbsp; 1052887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.373%, 06/25/34 (a) | 1733446 | &nbsp;&nbsp;&nbsp; 1700219 |
|  |  | &nbsp;&nbsp;&nbsp; 60056364 |
| **Commercial Mortgage-Backed Securities — 5.1%** | **Commercial Mortgage-Backed Securities — 5.1%** | **Commercial Mortgage-Backed Securities — 5.1%** |
| ALA Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.416%, 1M TSFR + 1.743%, 06/15/40 (144A) (a) | 3100000 | &nbsp;&nbsp;&nbsp; 3107750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.516%, 1M TSFR + 1.842%, 06/15/40 (144A) (a) | 2550000 | &nbsp;&nbsp;&nbsp; 2556375 |
| Arbor Realty Commercial Real Estate Notes LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.508%, 1M TSFR + 1.833%, 01/20/43 (144A) (a) | 2513000 | &nbsp;&nbsp;&nbsp; 2511425 |
| BAMLL Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.091%, 08/10/38 (144A) (a) | 3265000 | &nbsp;&nbsp;&nbsp; 3192632 |

---

**BHFTI-334**

------

**Brighthouse Funds Trust I**

**TCW Core Fixed 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)** |
| Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.493%, 06/15/55 (a) | 4231000 | &nbsp;&nbsp;&nbsp; $4116835 |
| BPR Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.497%, 12/05/39 (144A) | 3150000 | &nbsp;&nbsp;&nbsp; 3226083 |
| BX Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.202%, 12/09/41 (144A) | 895000 | &nbsp;&nbsp;&nbsp; 844999 |
| Century Plaza Towers |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.865%, 11/13/39 (144A) | 2930000 | &nbsp;&nbsp;&nbsp; 2706098 |
| CSAIL Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.561%, 03/15/53 | 3384500 | &nbsp;&nbsp;&nbsp; 3073410 |
| DBC Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.273%, 1M TSFR + 1.600%, 11/15/42 (144A) (a) | 3150000 | &nbsp;&nbsp;&nbsp; 3138194 |
| DC Office Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.965%, 09/15/45 (144A) | 1850000 | &nbsp;&nbsp;&nbsp; 1667469 |
| DGWD Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.473%, 1M TSFR + 1.800%, 08/15/35 (144A) (a) | 3050000 | &nbsp;&nbsp;&nbsp; 3036793 |
| Hudson Yards Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.943%, 12/10/41 (144A) (a) | 1850000 | &nbsp;&nbsp;&nbsp; 1730145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.228%, 07/10/39 (144A) | 1875000 | &nbsp;&nbsp;&nbsp; 1782033 |
| JP Morgan Chase Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.397%, 06/05/39 (144A) | 2000000 | &nbsp;&nbsp;&nbsp; 1875693 |
| LCCM Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.551%, 07/12/50 (144A) | 2834000 | &nbsp;&nbsp;&nbsp; 2796253 |
| NY Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.928%, 02/10/47 (144A) (a) | 2350000 | &nbsp;&nbsp;&nbsp; 2410359 |
| NYC Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.833%, 06/10/42 (144A) | 2189000 | &nbsp;&nbsp;&nbsp; 2214192 |
| One Bryant Park Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.516%, 09/15/54 (144A) | 2390000 | &nbsp;&nbsp;&nbsp; 2208218 |
| SCG Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.423%, 1M TSFR + 1.750%, 08/15/42 (144A) (a) | 2250000 | &nbsp;&nbsp;&nbsp; 2249297 |
| SCG Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.323%, 1M TSFR + 1.650%, 09/15/42 (144A) (a) | 3275000 | &nbsp;&nbsp;&nbsp; 3270906 |
| SFAVE Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.872%, 01/05/43 (144A) (a) | 2219000 | &nbsp;&nbsp;&nbsp; 1901781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.144%, 01/05/43 (144A) (a) | 110000 | &nbsp;&nbsp;&nbsp; 95149 |
| SMRT Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.023%, 1M TSFR + 3.350%, 01/15/39 (144A) (a) | 3500000 | &nbsp;&nbsp;&nbsp; 3412500 |
| TRTX Issuer Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.380%, 1M TSFR + 1.700%, 06/18/43 (144A) (a) | 2600000 | &nbsp;&nbsp;&nbsp; 2599429 |
| VTR Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.971%, 10/13/39 (144A) (a) | 3265000 | &nbsp;&nbsp;&nbsp; 3219431 |
|  |  | &nbsp;&nbsp;&nbsp; 64943449 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Non-Agency Mortgage-Backed Securities <br>(Cost $127,912,236) <br>|  | &nbsp;&nbsp;&nbsp; 124999813 |
| **Foreign Government—0.7%** | **Foreign Government—0.7%** | **Foreign Government—0.7%** |
| **Sovereign — 0.7%** | **Sovereign — 0.7%** | **Sovereign — 0.7%** |
| Abu Dhabi Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/30/54 (144A) | 1750000 | &nbsp;&nbsp;&nbsp; 1675665 |
| Israel Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 02/19/30 (d) | 850000 | &nbsp;&nbsp;&nbsp; 862461 |
| Kuwait International Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.652%, 10/09/35 (144A) | 2428000 | &nbsp;&nbsp;&nbsp; 2331306 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***/<br> **Shares**<br>| <br>**Value**<br>|
| **Sovereign—(Continued)** | **Sovereign—(Continued)** | **Sovereign—(Continued)** |
| Oman Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 01/25/31 (144A) | 638000 | &nbsp;&nbsp;&nbsp; $665309 |
| Qatar Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.400%, 04/16/50 (144A) | 343000 | &nbsp;&nbsp;&nbsp; 284021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.817%, 03/14/49 (144A) (d) | 807000 | &nbsp;&nbsp;&nbsp; 712083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.103%, 04/23/48 (144A) | 310000 | &nbsp;&nbsp;&nbsp; 286187 |
| Saudi Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 01/12/36 (144A) | 1024000 | &nbsp;&nbsp;&nbsp; 997110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 01/12/56 (144A) | 507000 | &nbsp;&nbsp;&nbsp; 485310 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Foreign Government <br>(Cost $8,455,579) <br>|  | &nbsp;&nbsp;&nbsp; 8299452 |
| **Municipals—0.1%** | **Municipals—0.1%** | **Municipals—0.1%** |
| City of New York, General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.968%, 03/01/36 <br>(Cost $1,995,573)<br>| 1750000 | &nbsp;&nbsp;&nbsp; 1816152 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—9.4%** | **Short-Term Investments—9.4%** | **Short-Term Investments—9.4%** |
| **Short-Term Investment Funds—9.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, <br> Premier Class<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.540% (f) | 119144760 | &nbsp;&nbsp;&nbsp; 119144760 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $119,144,760) <br>|  | &nbsp;&nbsp;&nbsp; 119144760 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (g)—3.7%** | **Securities Lending Reinvestments (g)—3.7%** | **Securities Lending Reinvestments (g)—3.7%** |
| **Certificates of Deposit—0.4%** | **Certificates of Deposit—0.4%** | **Certificates of Deposit—0.4%** |
| Commonwealth Bank of Australia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 04/13/26 (a) | 3000000 | &nbsp;&nbsp;&nbsp; 3000120 |
| Mitsubishi UFJ Trust & Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/12/26 | 500000 | &nbsp;&nbsp;&nbsp; 496115 |
| Mizuho Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, SOFR + 0.220%, 04/10/26 (a) | 1000000 | &nbsp;&nbsp;&nbsp; 999981 |
|  |  | &nbsp;&nbsp;&nbsp; 4496216 |
| **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—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 $6,000,608; <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> $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 $600,062; collateralized <br> by various Common Stock with an aggregate market value of <br> $667,369<br>| 600000 | &nbsp;&nbsp;&nbsp; 600000 |

---

**BHFTI-335**

------

**Brighthouse Funds Trust I**

**TCW Core Fixed Income 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)** |
| Bank of Nova Scotia |  |  |
| &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; <br> collateralized by various Common Stock with an aggregate <br> market value of $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 $4,000,408; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 0.000% - 4.875%, maturity dates ranging from <br> 04/09/26 - 02/15/56, and an aggregate market value of <br> $4,080,000<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 $3,000,308; <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 $3,060,040<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| &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; <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 $5,100,066<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| 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 $5,468,136; <br> collateralized by U.S. Treasury Obligations with rates ranging <br> from 0.000% - 4.375%, maturity dates ranging from <br> 05/15/30 - 11/15/48, and an aggregate market value of <br> $5,576,934<br>| 5467582 | &nbsp;&nbsp;&nbsp; 5467582 |
| 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; <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 $1,666,474<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 $1,000,105; <br> collateralized by various Common Stock with an aggregate <br> market value of $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 $7,005,172; <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 $7,476,779<br>| 7000000 | &nbsp;&nbsp;&nbsp; 7000000 |
|  |  | &nbsp;&nbsp;&nbsp; 37567582 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***<br>| <br>**Value**<br>|
| **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 |
| DZ Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 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; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $46,061,273) <br>|  | &nbsp;&nbsp;&nbsp; 46061216 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—120.2% <br>(Cost $1,541,526,362) <br>|  | &nbsp;&nbsp;&nbsp; 1518189881 |
| Other assets and liabilities (net)—(20.2)%  |  | &nbsp;&nbsp;&nbsp; (255003915)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $1263185966 |

---

&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 securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. 

(b) Interest only security.

(c) TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date. 

(d) All or a portion of the security was held on loan. As of March 31, 2026, the market value of securities loaned was $179,694,412 and the collateral received consisted of cash in the amount of $46,053,439 and non-cash collateral with a value of $140,767,462. 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) Security is a "step up" bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate. 

(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. 

(144A) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of March 31, 2026, the market value of 144A securities was $257,103,326, which is 20.4% of net assets. 

**BHFTI-336**

------

**Brighthouse Funds Trust I**

**TCW Core Fixed Income 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>|
| U.S. Treasury Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 38 | USD | 4327250 | &nbsp;&nbsp;&nbsp; $(140197)<br>|
| U.S. Treasury Note 2 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; 808 | USD | 167615812 | &nbsp;&nbsp;&nbsp; (1208771)<br>|
| U.S. Treasury Note 5 Year Futures | &nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp; 155 | USD | 16767852 | &nbsp;&nbsp;&nbsp; (212715)<br>|
| U.S. Treasury Ultra Long Bond Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; 191 | USD | 22263437 | &nbsp;&nbsp;&nbsp; (609189)<br>|

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts—Short** |  |  |  |  |  |
| U.S. Treasury Note Ultra 10 Year Futures | &nbsp;&nbsp;&nbsp; 06/18/26 | &nbsp;&nbsp;&nbsp; (13)<br>| USD | (1475703)<br>| &nbsp;&nbsp;&nbsp; 27601 |
| Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | &nbsp;&nbsp;&nbsp; $(2143271)<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 Agency Sponsored Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $467627210 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $467627210 |
| Total U.S. Treasury & Government Agencies\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 389974852 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 389974852 |
| Total Corporate Bonds & Notes\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 224516899 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 224516899 |
| Total Asset-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 135749527 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 135749527 |
| Total Non-Agency Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 124999813 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 124999813 |
| Total Foreign Government\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8299452 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8299452 |
| Total Municipals\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1816152 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1816152 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; 119144760 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 119144760 |
| Total Securities Lending Reinvestments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 46061216 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 46061216 |
| Total Investments | &nbsp;&nbsp;&nbsp; $119144760 | &nbsp;&nbsp;&nbsp; $1399045121 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1518189881 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(46053439)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(46053439)<br>|
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $27601 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $27601 |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; (2170872)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (2170872)<br>|
| Total Futures Contracts | &nbsp;&nbsp;&nbsp; $(2143271)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(2143271)<br>|

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-337**

------

**Brighthouse Funds Trust I**

**Victory Sycamore Mid Cap Value Portfolio**

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

**Common Stocks—97.2% 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 — 2.4%** | **Aerospace & Defense — 2.4%** | **Aerospace & Defense — 2.4%** |
| L3Harris Technologies, Inc.  | 30700 | &nbsp;&nbsp;&nbsp; $10596105 |
| StandardAero, Inc. (a) (b) | 382000 | &nbsp;&nbsp;&nbsp; 9867060 |
|  |  | &nbsp;&nbsp;&nbsp; 20463165 |
| **Automobile Components — 1.1%** | **Automobile Components — 1.1%** | **Automobile Components — 1.1%** |
| BorgWarner, Inc.  | 170700 | &nbsp;&nbsp;&nbsp; 9262182 |
| **Banks — 1.8%** | **Banks — 1.8%** | **Banks — 1.8%** |
| Truist Financial Corp.  | 325600 | &nbsp;&nbsp;&nbsp; 14967832 |
| **Building Products — 1.4%** | **Building Products — 1.4%** | **Building Products — 1.4%** |
| Carrier Global Corp.  | 204100 | &nbsp;&nbsp;&nbsp; 11492871 |
| **Capital Markets — 2.0%** | **Capital Markets — 2.0%** | **Capital Markets — 2.0%** |
| LPL Financial Holdings, Inc.  | 12400 | &nbsp;&nbsp;&nbsp; 3730292 |
| Raymond James Financial, Inc. (a) | 89200 | &nbsp;&nbsp;&nbsp; 12915268 |
|  |  | &nbsp;&nbsp;&nbsp; 16645560 |
| **Chemicals — 4.1%** | **Chemicals — 4.1%** | **Chemicals — 4.1%** |
| CF Industries Holdings, Inc. (a) | 59400 | &nbsp;&nbsp;&nbsp; 7712496 |
| DuPont de Nemours, Inc.  | 248400 | &nbsp;&nbsp;&nbsp; 11376720 |
| RPM International, Inc.  | 152100 | &nbsp;&nbsp;&nbsp; 15118740 |
|  |  | &nbsp;&nbsp;&nbsp; 34207956 |
| **Commercial Services & Supplies — 1.1%** | **Commercial Services & Supplies — 1.1%** | **Commercial Services & Supplies — 1.1%** |
| Republic Services, Inc.  | 41800 | &nbsp;&nbsp;&nbsp; 9155036 |
| **Communications Equipment — 0.9%** | **Communications Equipment — 0.9%** | **Communications Equipment — 0.9%** |
| F5, Inc. (b) | 25500 | &nbsp;&nbsp;&nbsp; 7377915 |
| **Construction Materials — 1.0%** | **Construction Materials — 1.0%** | **Construction Materials — 1.0%** |
| Amrize Ltd. (b) | 154900 | &nbsp;&nbsp;&nbsp; 8677498 |
| **Consumer Staples Distribution & Retail — 4.7%** | **Consumer Staples Distribution & Retail — 4.7%** | **Consumer Staples Distribution & Retail — 4.7%** |
| BJ's Wholesale Club Holdings, Inc. (a) (b) | 92400 | &nbsp;&nbsp;&nbsp; 9094008 |
| Casey's General Stores, Inc.  | 13630 | &nbsp;&nbsp;&nbsp; 9920732 |
| U.S. Foods Holding Corp. (a) (b) | 222800 | &nbsp;&nbsp;&nbsp; 20544388 |
|  |  | &nbsp;&nbsp;&nbsp; 39559128 |
| **Containers & Packaging — 3.4%** | **Containers & Packaging — 3.4%** | **Containers & Packaging — 3.4%** |
| AptarGroup, Inc. (a) | 97400 | &nbsp;&nbsp;&nbsp; 12274348 |
| Packaging Corp. of America | 77100 | &nbsp;&nbsp;&nbsp; 16362162 |
|  |  | &nbsp;&nbsp;&nbsp; 28636510 |
| **Electric Utilities — 2.3%** | **Electric Utilities — 2.3%** | **Electric Utilities — 2.3%** |
| Alliant Energy Corp. (a) | 268500 | &nbsp;&nbsp;&nbsp; 19267560 |
| **Electrical Equipment — 3.0%** | **Electrical Equipment — 3.0%** | **Electrical Equipment — 3.0%** |
| Hubbell, Inc.  | 27900 | &nbsp;&nbsp;&nbsp; 13691646 |
| Regal Rexnord Corp. (a) | 58700 | &nbsp;&nbsp;&nbsp; 10992162 |
|  |  | &nbsp;&nbsp;&nbsp; 24683808 |
| **Electronic Equipment, Instruments & Components — 3.2%** | **Electronic Equipment, Instruments & Components — 3.2%** | **Electronic Equipment, Instruments & Components — 3.2%** |
| CDW Corp.  | 52500 | &nbsp;&nbsp;&nbsp; 6353550 |
| Keysight Technologies, Inc. (b) | 49500 | &nbsp;&nbsp;&nbsp; 13977315 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Electronic Equipment, Instruments & Components—(Continued)** | **Electronic Equipment, Instruments & Components—(Continued)** | **Electronic Equipment, Instruments & Components—(Continued)** |
| Zebra Technologies Corp. - Class A (b) | 32000 | &nbsp;&nbsp;&nbsp; $6690560 |
|  |  | &nbsp;&nbsp;&nbsp; 27021425 |
| **Energy Equipment & Services — 2.2%** | **Energy Equipment & Services — 2.2%** | **Energy Equipment & Services — 2.2%** |
| Baker Hughes Co.  | 137600 | &nbsp;&nbsp;&nbsp; 8400480 |
| SLB Ltd.  | 194200 | &nbsp;&nbsp;&nbsp; 9979938 |
|  |  | &nbsp;&nbsp;&nbsp; 18380418 |
| **Food Products — 1.7%** | **Food Products — 1.7%** | **Food Products — 1.7%** |
| Archer-Daniels-Midland Co. (a) | 191400 | &nbsp;&nbsp;&nbsp; 13912866 |
| **Ground Transportation — 4.3%** | **Ground Transportation — 4.3%** | **Ground Transportation — 4.3%** |
| CSX Corp.  | 392500 | &nbsp;&nbsp;&nbsp; 16112125 |
| Knight-Swift Transportation Holdings, Inc.  | 228100 | &nbsp;&nbsp;&nbsp; 13133998 |
| Landstar System, Inc.  | 43100 | &nbsp;&nbsp;&nbsp; 6909361 |
|  |  | &nbsp;&nbsp;&nbsp; 36155484 |
| **Health Care Providers & Services — 5.5%** | **Health Care Providers & Services — 5.5%** | **Health Care Providers & Services — 5.5%** |
| Labcorp Holdings, Inc. (a) | 79500 | &nbsp;&nbsp;&nbsp; 21211395 |
| Molina Healthcare, Inc. (a) (b) | 83700 | &nbsp;&nbsp;&nbsp; 11157210 |
| Quest Diagnostics, Inc.  | 71600 | &nbsp;&nbsp;&nbsp; 14032168 |
|  |  | &nbsp;&nbsp;&nbsp; 46400773 |
| **Hotels, Restaurants & Leisure — 3.4%** | **Hotels, Restaurants & Leisure — 3.4%** | **Hotels, Restaurants & Leisure — 3.4%** |
| Expedia Group, Inc.  | 35200 | &nbsp;&nbsp;&nbsp; 8127328 |
| Hilton Worldwide Holdings, Inc.  | 31000 | &nbsp;&nbsp;&nbsp; 9426480 |
| Texas Roadhouse, Inc. (a) | 64900 | &nbsp;&nbsp;&nbsp; 10717586 |
|  |  | &nbsp;&nbsp;&nbsp; 28271394 |
| **Household Durables — 1.3%** | **Household Durables — 1.3%** | **Household Durables — 1.3%** |
| TopBuild Corp. (a) (b) | 31700 | &nbsp;&nbsp;&nbsp; 11136210 |
| **Insurance — 5.6%** | **Insurance — 5.6%** | **Insurance — 5.6%** |
| American Financial Group, Inc. (a) | 78100 | &nbsp;&nbsp;&nbsp; 9974151 |
| Hartford Insurance Group, Inc.  | 106500 | &nbsp;&nbsp;&nbsp; 14401995 |
| Old Republic International Corp. (a) | 257700 | &nbsp;&nbsp;&nbsp; 10282230 |
| Willis Towers Watson PLC (a) | 42200 | &nbsp;&nbsp;&nbsp; 12267540 |
|  |  | &nbsp;&nbsp;&nbsp; 46925916 |
| **IT Services — 1.3%** | **IT Services — 1.3%** | **IT Services — 1.3%** |
| Akamai Technologies, Inc. (a) (b) | 97900 | &nbsp;&nbsp;&nbsp; 11243815 |
| **Life Sciences Tools & Services — 2.3%** | **Life Sciences Tools & Services — 2.3%** | **Life Sciences Tools & Services — 2.3%** |
| IQVIA Holdings, Inc. (b) | 49600 | &nbsp;&nbsp;&nbsp; 8458784 |
| Revvity, Inc. (a) | 123000 | &nbsp;&nbsp;&nbsp; 10776030 |
|  |  | &nbsp;&nbsp;&nbsp; 19234814 |
| **Machinery — 7.0%** | **Machinery — 7.0%** | **Machinery — 7.0%** |
| AGCO Corp.  | 75200 | &nbsp;&nbsp;&nbsp; 8713424 |
| IDEX Corp.  | 60200 | &nbsp;&nbsp;&nbsp; 11410910 |
| Lincoln Electric Holdings, Inc.  | 58000 | &nbsp;&nbsp;&nbsp; 14446640 |
| Toro Co.  | 121000 | &nbsp;&nbsp;&nbsp; 11306240 |
| Xylem, Inc.  | 105900 | &nbsp;&nbsp;&nbsp; 12655050 |
|  |  | &nbsp;&nbsp;&nbsp; 58532264 |

---

**BHFTI-338**

------

**Brighthouse Funds Trust I**

**Victory Sycamore Mid Cap Value Portfolio**

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

**Common Stocks—(Continued)**

**Short-Term Investments—2.6%**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | <br>**Value**<br>|
| **Metals & Mining — 2.0%** | **Metals & Mining — 2.0%** | **Metals & Mining — 2.0%** |
| Franco-Nevada Corp.  | 19300 | &nbsp;&nbsp;&nbsp; $4768065 |
| Steel Dynamics, Inc.  | 67100 | &nbsp;&nbsp;&nbsp; 12078000 |
|  |  | &nbsp;&nbsp;&nbsp; 16846065 |
| **Multi-Utilities — 1.9%** | **Multi-Utilities — 1.9%** | **Multi-Utilities — 1.9%** |
| CMS Energy Corp.  | 200500 | &nbsp;&nbsp;&nbsp; 15554790 |
| **Oil, Gas & Consumable Fuels — 5.1%** | **Oil, Gas & Consumable Fuels — 5.1%** | **Oil, Gas & Consumable Fuels — 5.1%** |
| Chord Energy Corp.  | 75100 | &nbsp;&nbsp;&nbsp; 10677718 |
| Coterra Energy, Inc.  | 127100 | &nbsp;&nbsp;&nbsp; 4466294 |
| Devon Energy Corp.  | 302000 | &nbsp;&nbsp;&nbsp; 15196640 |
| Expand Energy Corp.  | 109400 | &nbsp;&nbsp;&nbsp; 12009932 |
|  |  | &nbsp;&nbsp;&nbsp; 42350584 |
| **Personal Care Products — 1.1%** | **Personal Care Products — 1.1%** | **Personal Care Products — 1.1%** |
| Estee Lauder Cos., Inc. - Class A | 125000 | &nbsp;&nbsp;&nbsp; 8971250 |
| **Professional Services — 2.6%** | **Professional Services — 2.6%** | **Professional Services — 2.6%** |
| CACI International, Inc. - Class A (a) (b) | 18900 | &nbsp;&nbsp;&nbsp; 10279143 |
| FTI Consulting, Inc. (a) (b) | 64000 | &nbsp;&nbsp;&nbsp; 11313280 |
|  |  | &nbsp;&nbsp;&nbsp; 21592423 |
| **Residential REITs — 2.7%** | **Residential REITs — 2.7%** | **Residential REITs — 2.7%** |
| Camden Property Trust (a) | 103500 | &nbsp;&nbsp;&nbsp; 10107810 |
| Equity LifeStyle Properties, Inc. (a) | 197300 | &nbsp;&nbsp;&nbsp; 12315466 |
|  |  | &nbsp;&nbsp;&nbsp; 22423276 |
| **Retail REITs — 1.6%** | **Retail REITs — 1.6%** | **Retail REITs — 1.6%** |
| NNN REIT, Inc. (a) | 325300 | &nbsp;&nbsp;&nbsp; 13672359 |
| **Semiconductors & Semiconductor Equipment — 2.5%** | **Semiconductors & Semiconductor Equipment — 2.5%** | **Semiconductors & Semiconductor Equipment — 2.5%** |
| Microchip Technology, Inc.  | 223800 | &nbsp;&nbsp;&nbsp; 14459718 |
| MKS, Inc. (a) | 26800 | &nbsp;&nbsp;&nbsp; 6158908 |
|  |  | &nbsp;&nbsp;&nbsp; 20618626 |
| **Software — 1.6%** | **Software — 1.6%** | **Software — 1.6%** |
| Check Point Software Technologies Ltd. (a) (b) | 34900 | &nbsp;&nbsp;&nbsp; 4985465 |
| Trimble, Inc. (a) (b) | 130500 | &nbsp;&nbsp;&nbsp; 8512515 |
|  |  | &nbsp;&nbsp;&nbsp; 13497980 |
| **Specialized REITs — 1.8%** | **Specialized REITs — 1.8%** | **Specialized REITs — 1.8%** |
| Lamar Advertising Co. - Class A (a) | 117400 | &nbsp;&nbsp;&nbsp; 14869884 |
| **Specialty Retail — 5.7%** | **Specialty Retail — 5.7%** | **Specialty Retail — 5.7%** |
| AutoZone, Inc. (b) | 3620 | &nbsp;&nbsp;&nbsp; 12227564 |
| Lowe's Cos., Inc.  | 65000 | &nbsp;&nbsp;&nbsp; 15358200 |
| Penske Automotive Group, Inc. (a) | 67100 | &nbsp;&nbsp;&nbsp; 10032792 |
| Williams-Sonoma, Inc. (a) | 54900 | &nbsp;&nbsp;&nbsp; 10009917 |
|  |  | &nbsp;&nbsp;&nbsp; 47628473 |
| **Water Utilities — 1.6%** | **Water Utilities — 1.6%** | **Water Utilities — 1.6%** |
| American Water Works Co., Inc. (a) | 96200 | &nbsp;&nbsp;&nbsp; 13091858 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $736,726,478) <br>|  | &nbsp;&nbsp;&nbsp; 812729968 |

---

&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—2.6%** | **Repurchase Agreement—2.6%** | **Repurchase Agreement—2.6%** |
| 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 $21,504,543; <br> collateralized by U.S. Treasury Note at 3.750%, maturing <br> 08/15/27, with a market value of $21,933,202<br>| 21503050 | &nbsp;&nbsp;&nbsp; $21503050 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $21,503,050) <br>|  | &nbsp;&nbsp;&nbsp; 21503050 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (c)—15.5%** | **Securities Lending Reinvestments (c)—15.5%** | **Securities Lending Reinvestments (c)—15.5%** |
| **Short-Term Investment Funds—0.6%** | **Short-Term Investment Funds—0.6%** | **Short-Term Investment Funds—0.6%** |
| &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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Certificates of Deposit—1.0%** | **Certificates of Deposit—1.0%** | **Certificates of Deposit—1.0%** |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, SOFR + 0.370%, 08/07/26 (e) | 2000000 | &nbsp;&nbsp;&nbsp; 2000776 |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.760%, 05/12/26 | 1000000 | &nbsp;&nbsp;&nbsp; 999969 |
| Commonwealth Bank of Australia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.010%, SOFR + 0.380%, 04/13/26 (e) | 1000000 | &nbsp;&nbsp;&nbsp; 1000040 |
| Mitsubishi UFJ Trust & Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/12/26 | 1000000 | &nbsp;&nbsp;&nbsp; 992230 |
| Sumitomo Mitsui Trust Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/15/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1983800 |
| Toronto-Dominion Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.080%, SOFR + 0.450%, 04/23/26 (e) | 1000000 | &nbsp;&nbsp;&nbsp; 1000141 |
|  |  | &nbsp;&nbsp;&nbsp; 7976956 |
| **Commercial Paper—1.1%** | **Commercial Paper—1.1%** | **Commercial Paper—1.1%** |
| 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 |
| 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; 3.790%, 05/12/26 | 1000000 | &nbsp;&nbsp;&nbsp; 995457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 04/24/26 | 2000000 | &nbsp;&nbsp;&nbsp; 1994836 |
| Westpac Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.030%, SOFR + 0.400%, 04/10/26 (e) | 2000000 | &nbsp;&nbsp;&nbsp; 2000118 |
|  |  | &nbsp;&nbsp;&nbsp; 8986446 |
| **Repurchase Agreements—11.6%** | **Repurchase Agreements—11.6%** | **Repurchase Agreements—11.6%** |
| 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 $5,000,524; collateralized <br> by various Common Stock with an aggregate market value of <br> $5,572,999<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
| 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 |

---

**BHFTI-339**

------

**Brighthouse Funds Trust I**

**Victory Sycamore 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)** |
| 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 $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 $7,000,733; collateralized <br> by various Common Stock with an aggregate market value of <br> $7,785,967<br>| 7000000 | &nbsp;&nbsp;&nbsp; 7000000 |
| 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 $5,000,510; 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 $5,100,000<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 $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 $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 |
| 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 $9,228,283; collateralized <br> by 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 $9,411,896<br>| 9227347 | &nbsp;&nbsp;&nbsp; 9227347 |
| 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 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 3.780%, due on <br> 04/01/26 with a maturity value of $2,050,215; 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> $2,277,514<br>| 2050000 | &nbsp;&nbsp;&nbsp; 2050000 |
| 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 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 $1,023,639<br>| 1000000 | &nbsp;&nbsp;&nbsp; 1000000 |
| &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 |

---

---

| | | |
|:---|:---|:---|
| **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 $12,008,867; <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 $12,817,335<br>| 12000000 | &nbsp;&nbsp;&nbsp; $12000000 |
| 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 $10,007,447; <br> collateralized by various Common Stock with an aggregate <br> market value of $11,146,751<br>| 10000000 | &nbsp;&nbsp;&nbsp; 10000000 |
| 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 $5,019,007; collateralized <br> by various Common Stock with an aggregate market value of <br> $5,556,159<br>| 5000000 | &nbsp;&nbsp;&nbsp; 5000000 |
|  |  | &nbsp;&nbsp;&nbsp; 97277347 |
| **Time Deposits—1.2%** | **Time Deposits—1.2%** | **Time Deposits—1.2%** |
| Credit Agricole CIB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.630%, 04/01/26 | 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| DZ Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 4000000 | &nbsp;&nbsp;&nbsp; 4000000 |
| Svenska NY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, 04/01/26 | 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
|  |  | &nbsp;&nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $129,240,470) <br>|  | &nbsp;&nbsp;&nbsp; 129240749 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—115.3% <br>(Cost $887,469,998) <br>|  | &nbsp;&nbsp;&nbsp; 963473767 |
| Other assets and liabilities (net)—(15.3)%  |  | &nbsp;&nbsp;&nbsp; (127906055)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $835567712 |

---

&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 $141,125,591 and the collateral received consisted of cash in the amount of $129,216,680 and non-cash collateral with a value of $15,513,265. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. 

(b) Non-income producing security.

(c) Represents investment of cash collateral received from securities on loan as of March 31, 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. 

**BHFTI-340**

------

**Brighthouse Funds Trust I**

**Victory Sycamore Mid Cap 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** |
| Total Common Stocks\* | &nbsp;&nbsp;&nbsp; $812729968 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $812729968 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21503050 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21503050 |
| Securities Lending Reinvestments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment Funds | &nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificates of Deposit | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7976956 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7976956 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8986446 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8986446 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 97277347 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 97277347 |
| &nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10000000 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; 124240749 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 129240749 |
| Total Investments | &nbsp;&nbsp;&nbsp; $817729968 | &nbsp;&nbsp;&nbsp; $145743799 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $963473767 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(129216680)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(129216680)<br>|

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-341**

------

**Brighthouse Funds Trust I**

**Western Asset Management Government Income Portfolio**

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

**U.S. Treasury & Government Agencies—56.5% 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 — 36.6%** | **Federal Agencies — 36.6%** | **Federal Agencies — 36.6%** |
| Federal Farm Credit Banks Funding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.600%, 07/15/30 | 5000000 | &nbsp;&nbsp;&nbsp; $4532835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.980%, 07/13/38 | 19515000 | &nbsp;&nbsp;&nbsp; 14291064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 03/24/42 | 10000000 | &nbsp;&nbsp;&nbsp; 8386891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 03/03/33 | 8400000 | &nbsp;&nbsp;&nbsp; 8458683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.480%, 06/27/42 | 2000000 | &nbsp;&nbsp;&nbsp; 1969442 |
| Federal Home Loan Banks |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 03/04/36 | 5000000 | &nbsp;&nbsp;&nbsp; 4019839 |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 09/15/36 | 10000000 | &nbsp;&nbsp;&nbsp; 6138701 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 12/15/36 | 45000000 | &nbsp;&nbsp;&nbsp; 27328158 |
| Federal Home Loan Mortgage Corp. STRIPS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/15/32 | 17100000 | &nbsp;&nbsp;&nbsp; 13037158 |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 11/15/30 | 5000000 | &nbsp;&nbsp;&nbsp; 4133716 |
| Resolution Funding Corp. Interest STRIPS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/15/29 | 7500000 | &nbsp;&nbsp;&nbsp; 6567605 |
| Resolution Funding Corp. Principal STRIPS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 01/15/30 | 35623000 | &nbsp;&nbsp;&nbsp; 30630445 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 04/15/30 (a) | 35000000 | &nbsp;&nbsp;&nbsp; 29707191 |
| Tennessee Valley Authority Generic STRIPS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 01/15/34 | 12669000 | &nbsp;&nbsp;&nbsp; 8881703 |
| U.S. International Development Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.110%, 05/15/29 | 2785714 | &nbsp;&nbsp;&nbsp; 2636518 |
|  |  | &nbsp;&nbsp;&nbsp; 170719949 |
| **U.S. Treasury — 19.9%** | **U.S. Treasury — 19.9%** | **U.S. Treasury — 19.9%** |
| U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 11/15/48 | 64000000 | &nbsp;&nbsp;&nbsp; 50152500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/15/39 | 19000000 | &nbsp;&nbsp;&nbsp; 18818906 |
| U.S. Treasury Inflation-Indexed Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.750%, 02/15/45 (b) | 6905300 | &nbsp;&nbsp;&nbsp; 4958364 |
| U.S. Treasury Inflation-Indexed Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 07/15/35 (a) (b) | 3038460 | &nbsp;&nbsp;&nbsp; 3023525 |
| U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/15/27 (a) | 16000000 | &nbsp;&nbsp;&nbsp; 16117500 |
|  |  | &nbsp;&nbsp;&nbsp; 93070795 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury & Government Agencies <br>(Cost $292,214,086) <br>|  | &nbsp;&nbsp;&nbsp; 263790744 |
| **Agency Sponsored Mortgage-Backed Securities—39.1%** | **Agency Sponsored Mortgage-Backed Securities—39.1%** | **Agency Sponsored Mortgage-Backed Securities—39.1%** |
| **Agency Collateralized Mortgage Obligations — 5.4%** | **Agency Collateralized Mortgage Obligations — 5.4%** | **Agency Collateralized Mortgage Obligations — 5.4%** |
| Federal Home Loan Mortgage Corp. REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/25/51 (c) | 4084846 | &nbsp;&nbsp;&nbsp; 536678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/25/51 (c) | 2888291 | &nbsp;&nbsp;&nbsp; 377640 |
| &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) | 1460228 | &nbsp;&nbsp;&nbsp; 215125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/25/51 (c) | 4331340 | &nbsp;&nbsp;&nbsp; 525345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/25/50 (c) | 506849 | &nbsp;&nbsp;&nbsp; 81694 |
| &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) | 600922 | &nbsp;&nbsp;&nbsp; 86723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/15/31 | 303057 | &nbsp;&nbsp;&nbsp; 298073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/25/52 (c) | 1212309 | &nbsp;&nbsp;&nbsp; 210456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/15/41 | 3279606 | &nbsp;&nbsp;&nbsp; 3187490 |

---

---

| | | |
|:---|:---|:---|
| **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%, 02/25/50 (c) | 427297 | &nbsp;&nbsp;&nbsp; $90972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/25/51 (c) | 477217 | &nbsp;&nbsp;&nbsp; 93223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.187%, SOFR30A + 0.514%, 03/15/34 (d) | 72409 | &nbsp;&nbsp;&nbsp; 72083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/25/49 (c) | 400472 | &nbsp;&nbsp;&nbsp; 85419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/25/50 (c) | 1418254 | &nbsp;&nbsp;&nbsp; 331116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/25/50 (c) | 1154518 | &nbsp;&nbsp;&nbsp; 250775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/25/51 (c) | 398019 | &nbsp;&nbsp;&nbsp; 89208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.962%, SOFR30A + 1.300%, 12/25/54 (d) | 240395 | &nbsp;&nbsp;&nbsp; 241886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/41 | 891924 | &nbsp;&nbsp;&nbsp; 901984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.162%, SOFR30A + 1.500%, 09/25/54 (d) | 157758 | &nbsp;&nbsp;&nbsp; 158582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/15/41 | 1170808 | &nbsp;&nbsp;&nbsp; 1202972 |
| Federal Home Loan Mortgage Corp. STACR REMICS Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.012%, SOFR30A + 1.350%, 01/25/45 (144A) (d) | 500000 | &nbsp;&nbsp;&nbsp; 496565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.012%, SOFR30A + 3.350%, 05/25/42 (144A) (d) | 1050000 | &nbsp;&nbsp;&nbsp; 1072313 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal National Mortgage Association Connecticut Avenue <br> Securities Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.262%, SOFR30A + 1.600%, 09/25/44 (144A) (d) | 209097 | &nbsp;&nbsp;&nbsp; 209159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.462%, SOFR30A + 1.800%, 01/25/44 (144A) (d) | 510000 | &nbsp;&nbsp;&nbsp; 513968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.362%, SOFR30A + 2.700%, 07/25/43 (144A) (d) | 780000 | &nbsp;&nbsp;&nbsp; 797043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.262%, SOFR30A + 3.600%, 07/25/42 (144A) (d) | 930000 | &nbsp;&nbsp;&nbsp; 957498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.412%, SOFR30A + 3.750%, 12/25/42 (144A) (d) | 1030000 | &nbsp;&nbsp;&nbsp; 1070688 |
| Federal National Mortgage Association Interest STRIPS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/25/50 (c) | 703512 | &nbsp;&nbsp;&nbsp; 87127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/25/52 (c) | 3084995 | &nbsp;&nbsp;&nbsp; 396212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/25/53 (c) | 1253971 | &nbsp;&nbsp;&nbsp; 272573 |
| Federal National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/25/50 (c) | 1614252 | &nbsp;&nbsp;&nbsp; 202761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/25/50 (c) | 655688 | &nbsp;&nbsp;&nbsp; 88170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/25/51 (c) | 609416 | &nbsp;&nbsp;&nbsp; 91473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/25/51 (c) | 4026302 | &nbsp;&nbsp;&nbsp; 583780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/25/50 (c) | 572885 | &nbsp;&nbsp;&nbsp; 89985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/25/51 (c) | 1595494 | &nbsp;&nbsp;&nbsp; 284716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/25/50 (c) | 510499 | &nbsp;&nbsp;&nbsp; 82548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/25/51 (c) | 453273 | &nbsp;&nbsp;&nbsp; 100038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/25/49 (c) | 1209051 | &nbsp;&nbsp;&nbsp; 207530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/25/50 (c) | 412117 | &nbsp;&nbsp;&nbsp; 78531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/25/42 | 774395 | &nbsp;&nbsp;&nbsp; 746058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/25/41 | 167693 | &nbsp;&nbsp;&nbsp; 167602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/25/35 | 262757 | &nbsp;&nbsp;&nbsp; 268964 |
| Government National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.027%, -1x SOFR30A + 5.700%, 12/20/55 (c) (d) | 1094432 | &nbsp;&nbsp;&nbsp; 79673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.277%, -1x SOFR30A + 5.950%, 03/20/55 (c) (d) | 4573099 | &nbsp;&nbsp;&nbsp; 393515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.277%, -1x SOFR30A + 5.950%, 10/20/55 (c) (d) | 1782290 | &nbsp;&nbsp;&nbsp; 171827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.377%, -1x SOFR30A + 6.050%, 09/20/54 (c) (d) | 822737 | &nbsp;&nbsp;&nbsp; 67294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.927%, -1x SOFR30A + 6.600%, 10/20/55 (c) (d) | 5406877 | &nbsp;&nbsp;&nbsp; 537499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.927%, -1x SOFR30A + 6.600%, 12/20/55 (c) (d) | 1566844 | &nbsp;&nbsp;&nbsp; 158606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/20/50 (c) | 639864 | &nbsp;&nbsp;&nbsp; 92996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/20/51 (c) | 686511 | &nbsp;&nbsp;&nbsp; 95030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 08/20/68 | 1114245 | &nbsp;&nbsp;&nbsp; 1092947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/20/49 (c) | 511690 | &nbsp;&nbsp;&nbsp; 99609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 1Y H15 + 0.350%, 08/20/66 (d) | 136531 | &nbsp;&nbsp;&nbsp; 136353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/20/40 | 758756 | &nbsp;&nbsp;&nbsp; 737801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/20/47 (c) | 1278020 | &nbsp;&nbsp;&nbsp; 238865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 1Y H15 + 0.500%, 05/20/66 (d) | 118166 | &nbsp;&nbsp;&nbsp; 118238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.083%, 1M TSFR + 0.414%, 08/20/60 (d) | 11946 | &nbsp;&nbsp;&nbsp; 11904 |

---

**BHFTI-342**

------

**Brighthouse Funds Trust I**

**Western Asset Management Government 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 Collateralized Mortgage Obligations—(Continued)** | **Agency Collateralized Mortgage Obligations—(Continued)** | **Agency Collateralized Mortgage Obligations—(Continued)** |
| Government National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.083%, 1M TSFR + 0.414%, 09/20/60 (d) | 21589 | &nbsp;&nbsp;&nbsp; $21509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.118%, 1M TSFR + 0.444%, 07/20/60 (d) | 23537 | &nbsp;&nbsp;&nbsp; 23487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.273%, 1M TSFR + 0.604%, 02/20/61 (d) | 7698 | &nbsp;&nbsp;&nbsp; 7696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.283%, 1M TSFR + 0.614%, 12/20/60 (d) | 28788 | &nbsp;&nbsp;&nbsp; 28784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.283%, 1M TSFR + 0.614%, 02/20/61 (d) | 2587 | &nbsp;&nbsp;&nbsp; 2586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.283%, 1M TSFR + 0.614%, 04/20/61 (d) | 9731 | &nbsp;&nbsp;&nbsp; 9729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.283%, 1M TSFR + 0.614%, 05/20/61 (d) | 19797 | &nbsp;&nbsp;&nbsp; 19794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.313%, 1M TSFR + 0.644%, 06/20/61 (d) | 10278 | &nbsp;&nbsp;&nbsp; 10281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.383%, 1M TSFR + 0.714%, 10/20/61 (d) | 55814 | &nbsp;&nbsp;&nbsp; 55897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.413%, 1M TSFR + 0.744%, 01/20/62 (d) | 53310 | &nbsp;&nbsp;&nbsp; 53408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.413%, 1M TSFR + 0.744%, 03/20/62 (d) | 73994 | &nbsp;&nbsp;&nbsp; 74088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.433%, 1M TSFR + 0.764%, 05/20/61 (d) | 395 | &nbsp;&nbsp;&nbsp; 396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.483%, 1M TSFR + 0.814%, 11/20/61 (d) | 39540 | &nbsp;&nbsp;&nbsp; 39623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.483%, 1M TSFR + 0.814%, 01/20/62 (d) | 46920 | &nbsp;&nbsp;&nbsp; 47063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/20/47 (c) | 909061 | &nbsp;&nbsp;&nbsp; 160565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/20/47 (c) | 1092790 | &nbsp;&nbsp;&nbsp; 196945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/20/40 | 958973 | &nbsp;&nbsp;&nbsp; 969124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/20/34 | 249673 | &nbsp;&nbsp;&nbsp; 249925 |
| Seasoned Loans Structured Transaction |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/25/28 | 952644 | &nbsp;&nbsp;&nbsp; 932450 |
|  |  | &nbsp;&nbsp;&nbsp; 25417116 |
| **Agency Mortgage-Backed Securities — 33.7%** | **Agency Mortgage-Backed Securities — 33.7%** | **Agency Mortgage-Backed Securities — 33.7%** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 05/01/41 | 1415354 | &nbsp;&nbsp;&nbsp; 1200174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 07/01/41 | 1030275 | &nbsp;&nbsp;&nbsp; 871625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 09/01/40 | 888863 | &nbsp;&nbsp;&nbsp; 784463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/41 | 1663717 | &nbsp;&nbsp;&nbsp; 1467963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 06/01/41 | 65008 | &nbsp;&nbsp;&nbsp; 56804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/01/41 | 537127 | &nbsp;&nbsp;&nbsp; 468456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/41 | 231609 | &nbsp;&nbsp;&nbsp; 201393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 01/01/42 | 1735271 | &nbsp;&nbsp;&nbsp; 1507560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/01/42 | 169561 | &nbsp;&nbsp;&nbsp; 147197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 06/01/50 | 3054673 | &nbsp;&nbsp;&nbsp; 2493147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/01/50 | 116370 | &nbsp;&nbsp;&nbsp; 95192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/51 | 67122 | &nbsp;&nbsp;&nbsp; 55212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 09/01/51 | 143706 | &nbsp;&nbsp;&nbsp; 117991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/01/51 | 208840 | &nbsp;&nbsp;&nbsp; 171812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/52 | 93225 | &nbsp;&nbsp;&nbsp; 76444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/01/50 | 146285 | &nbsp;&nbsp;&nbsp; 125507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/50 | 472276 | &nbsp;&nbsp;&nbsp; 406046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/01/50 | 1603202 | &nbsp;&nbsp;&nbsp; 1377630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/01/50 | 231235 | &nbsp;&nbsp;&nbsp; 199114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/51 | 255809 | &nbsp;&nbsp;&nbsp; 209905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/51 | 580430 | &nbsp;&nbsp;&nbsp; 498185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/01/51 | 486643 | &nbsp;&nbsp;&nbsp; 418633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/52 | 444851 | &nbsp;&nbsp;&nbsp; 381348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.743%, 1Y RFUCCT + 1.635%, 12/01/50 (d) | 546703 | &nbsp;&nbsp;&nbsp; 521663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/33 | 472050 | &nbsp;&nbsp;&nbsp; 457367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/42 | 58925 | &nbsp;&nbsp;&nbsp; 54333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/43 | 75146 | &nbsp;&nbsp;&nbsp; 68914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/43 | 341695 | &nbsp;&nbsp;&nbsp; 313434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/43 | 3704421 | &nbsp;&nbsp;&nbsp; 3398427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/43 | 887641 | &nbsp;&nbsp;&nbsp; 813061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/48 | 289897 | &nbsp;&nbsp;&nbsp; 262318 |

---

---

| | | |
|:---|:---|:---|
| **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%, 09/01/49 | 1218691 | &nbsp;&nbsp;&nbsp; $1096653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/49 | 365879 | &nbsp;&nbsp;&nbsp; 327859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/50 | 156877 | &nbsp;&nbsp;&nbsp; 140901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/50 | 94078 | &nbsp;&nbsp;&nbsp; 84657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/01/52 | 609387 | &nbsp;&nbsp;&nbsp; 539923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/01/32 | 197512 | &nbsp;&nbsp;&nbsp; 193872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/32 | 560907 | &nbsp;&nbsp;&nbsp; 549535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/32 | 193909 | &nbsp;&nbsp;&nbsp; 190236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/33 | 76062 | &nbsp;&nbsp;&nbsp; 74853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/34 | 926879 | &nbsp;&nbsp;&nbsp; 904578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/40 | 51772 | &nbsp;&nbsp;&nbsp; 49180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/40 | 96186 | &nbsp;&nbsp;&nbsp; 91390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/40 | 87391 | &nbsp;&nbsp;&nbsp; 83191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/40 | 8339 | &nbsp;&nbsp;&nbsp; 7906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/40 | 56086 | &nbsp;&nbsp;&nbsp; 53289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/40 | 38097 | &nbsp;&nbsp;&nbsp; 36294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/01/40 | 20969 | &nbsp;&nbsp;&nbsp; 19872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/40 | 43664 | &nbsp;&nbsp;&nbsp; 41399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/40 | 41961 | &nbsp;&nbsp;&nbsp; 39776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/42 | 202819 | &nbsp;&nbsp;&nbsp; 192140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/42 | 32151 | &nbsp;&nbsp;&nbsp; 30428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/42 | 19794 | &nbsp;&nbsp;&nbsp; 18665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/42 | 95019 | &nbsp;&nbsp;&nbsp; 89387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/01/42 | 501564 | &nbsp;&nbsp;&nbsp; 473727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/43 | 164735 | &nbsp;&nbsp;&nbsp; 155713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/43 | 81686 | &nbsp;&nbsp;&nbsp; 77405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/43 | 267326 | &nbsp;&nbsp;&nbsp; 252236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/43 | 123314 | &nbsp;&nbsp;&nbsp; 116195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/44 | 144552 | &nbsp;&nbsp;&nbsp; 135903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/45 | 2536 | &nbsp;&nbsp;&nbsp; 2392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/45 | 6262 | &nbsp;&nbsp;&nbsp; 5890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/45 | 1265896 | &nbsp;&nbsp;&nbsp; 1190150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/46 | 115500 | &nbsp;&nbsp;&nbsp; 108316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/46 | 419772 | &nbsp;&nbsp;&nbsp; 393646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/01/46 | 396088 | &nbsp;&nbsp;&nbsp; 372888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/46 | 77870 | &nbsp;&nbsp;&nbsp; 72808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/46 | 621449 | &nbsp;&nbsp;&nbsp; 581626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 08/01/46 | 54572 | &nbsp;&nbsp;&nbsp; 51529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/46 | 268665 | &nbsp;&nbsp;&nbsp; 252592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/47 | 609337 | &nbsp;&nbsp;&nbsp; 572406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/47 | 781061 | &nbsp;&nbsp;&nbsp; 727495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/47 | 179585 | &nbsp;&nbsp;&nbsp; 167664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/47 | 10413 | &nbsp;&nbsp;&nbsp; 9765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/01/48 | 51959 | &nbsp;&nbsp;&nbsp; 48255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/01/48 | 182856 | &nbsp;&nbsp;&nbsp; 170001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/41 | 2064 | &nbsp;&nbsp;&nbsp; 1997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/42 | 22151 | &nbsp;&nbsp;&nbsp; 21427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/42 | 11937 | &nbsp;&nbsp;&nbsp; 11566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/42 | 134796 | &nbsp;&nbsp;&nbsp; 130334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/42 | 39618 | &nbsp;&nbsp;&nbsp; 38297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/43 | 9404 | &nbsp;&nbsp;&nbsp; 9083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/43 | 76010 | &nbsp;&nbsp;&nbsp; 73451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/43 | 25468 | &nbsp;&nbsp;&nbsp; 24608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/43 | 9303 | &nbsp;&nbsp;&nbsp; 9041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/43 | 86305 | &nbsp;&nbsp;&nbsp; 83358 |

---

**BHFTI-343**

------

**Brighthouse Funds Trust I**

**Western Asset Management Government 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; 4.000%, 06/01/43 | 17161 | &nbsp;&nbsp;&nbsp; $16433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/43 | 121612 | &nbsp;&nbsp;&nbsp; 117517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/43 | 76405 | &nbsp;&nbsp;&nbsp; 73651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/43 | 154496 | &nbsp;&nbsp;&nbsp; 149318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/43 | 151323 | &nbsp;&nbsp;&nbsp; 146149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/44 | 84418 | &nbsp;&nbsp;&nbsp; 81435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/44 | 15153 | &nbsp;&nbsp;&nbsp; 14606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/44 | 10938 | &nbsp;&nbsp;&nbsp; 10545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/45 | 138457 | &nbsp;&nbsp;&nbsp; 133486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/45 | 139902 | &nbsp;&nbsp;&nbsp; 134982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/45 | 164313 | &nbsp;&nbsp;&nbsp; 158278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/47 | 333776 | &nbsp;&nbsp;&nbsp; 320067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/48 | 166175 | &nbsp;&nbsp;&nbsp; 159350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/50 | 1968743 | &nbsp;&nbsp;&nbsp; 1895943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/52 | 303964 | &nbsp;&nbsp;&nbsp; 290092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/39 | 28717 | &nbsp;&nbsp;&nbsp; 28456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/40 | 471220 | &nbsp;&nbsp;&nbsp; 466348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/40 | 223608 | &nbsp;&nbsp;&nbsp; 221572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/41 | 21915 | &nbsp;&nbsp;&nbsp; 21715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/41 | 203318 | &nbsp;&nbsp;&nbsp; 201188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/41 | 27952 | &nbsp;&nbsp;&nbsp; 27698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/41 | 65769 | &nbsp;&nbsp;&nbsp; 65157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/44 | 10269 | &nbsp;&nbsp;&nbsp; 10053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/52 | 1407021 | &nbsp;&nbsp;&nbsp; 1366970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/52 | 987366 | &nbsp;&nbsp;&nbsp; 960182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/52 | 490087 | &nbsp;&nbsp;&nbsp; 476595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/41 | 518580 | &nbsp;&nbsp;&nbsp; 524754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/41 | 68611 | &nbsp;&nbsp;&nbsp; 68946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/44 | 786187 | &nbsp;&nbsp;&nbsp; 796421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/52 | 75363 | &nbsp;&nbsp;&nbsp; 74633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/52 | 644415 | &nbsp;&nbsp;&nbsp; 638684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/52 | 295770 | &nbsp;&nbsp;&nbsp; 295437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/01/53 | 1168151 | &nbsp;&nbsp;&nbsp; 1200207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/54 | 675505 | &nbsp;&nbsp;&nbsp; 695983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/54 | 795445 | &nbsp;&nbsp;&nbsp; 819101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/54 | 331714 | &nbsp;&nbsp;&nbsp; 338672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/54 | 214820 | &nbsp;&nbsp;&nbsp; 222594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/01/55 | 630529 | &nbsp;&nbsp;&nbsp; 646485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/55 | 164940 | &nbsp;&nbsp;&nbsp; 169146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.202%, 1Y RFUCCT + 1.750%, 12/01/40 (d) | 183669 | &nbsp;&nbsp;&nbsp; 191508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.380%, 1Y RFUCCT + 1.880%, 10/01/41 (d) | 82549 | &nbsp;&nbsp;&nbsp; 85659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.435%, 1Y RFUCCT + 1.750%, 09/01/41 (d) | 39916 | &nbsp;&nbsp;&nbsp; 41574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/01/54 | 1677196 | &nbsp;&nbsp;&nbsp; 1741903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/01/55 | 643621 | &nbsp;&nbsp;&nbsp; 665400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.535%, 1Y RFUCCT + 1.910%, 06/01/41 (d) | 1065 | &nbsp;&nbsp;&nbsp; 1095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.549%, 1Y RFUCCT + 1.939%, 10/01/42 (d) | 20903 | &nbsp;&nbsp;&nbsp; 21816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.630%, 1Y RFUCCT + 1.880%, 09/01/41 (d) | 5238 | &nbsp;&nbsp;&nbsp; 5439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.672%, 1Y RFUCCT + 1.910%, 06/01/41 (d) | 13246 | &nbsp;&nbsp;&nbsp; 13823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.778%, 1Y RFUCCT + 1.910%, 05/01/41 (d) | 9047 | &nbsp;&nbsp;&nbsp; 9461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.863%, 1Y RFUCCT + 1.910%, 05/01/41 (d) | 12125 | &nbsp;&nbsp;&nbsp; 12650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.880%, 1Y RFUCCT + 1.880%, 04/01/41 (d) | 936 | &nbsp;&nbsp;&nbsp; 965 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured Pass-<br> Through Certificates<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.172%, 10/25/33 (c) (d) | 15000000 | &nbsp;&nbsp;&nbsp; 230493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.282%, 03/25/34 (c) (d) | 8595364 | &nbsp;&nbsp;&nbsp; 195941 |

---

---

| | | |
|:---|:---|:---|
| **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; 0.310%, 09/25/32 (c) (d) | 8472974 | &nbsp;&nbsp;&nbsp; $167200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.532%, 10/25/31 (c) (d) | 6077731 | &nbsp;&nbsp;&nbsp; 144770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.856%, 10/25/35 (c) (d) | 289737 | &nbsp;&nbsp;&nbsp; 16509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.025%, 10/25/30 (c) (d) | 5327963 | &nbsp;&nbsp;&nbsp; 201399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.990%, 05/25/33 (d) | 3650000 | &nbsp;&nbsp;&nbsp; 3611453 |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 11/01/41 | 1417194 | &nbsp;&nbsp;&nbsp; 1194569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 03/01/42 | 585659 | &nbsp;&nbsp;&nbsp; 492622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/40 | 1912413 | &nbsp;&nbsp;&nbsp; 1683218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 07/01/41 | 421947 | &nbsp;&nbsp;&nbsp; 368345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/01/41 | 1769037 | &nbsp;&nbsp;&nbsp; 1538456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/42 | 985925 | &nbsp;&nbsp;&nbsp; 855191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/42 | 1000474 | &nbsp;&nbsp;&nbsp; 867074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/42 | 443928 | &nbsp;&nbsp;&nbsp; 384868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/01/42 | 722021 | &nbsp;&nbsp;&nbsp; 625819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/01/42 | 829321 | &nbsp;&nbsp;&nbsp; 723563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 06/01/50 | 513073 | &nbsp;&nbsp;&nbsp; 418292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/01/50 | 198530 | &nbsp;&nbsp;&nbsp; 161131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/50 | 185814 | &nbsp;&nbsp;&nbsp; 151489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 01/01/51 | 134446 | &nbsp;&nbsp;&nbsp; 109976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/51 | 401607 | &nbsp;&nbsp;&nbsp; 328515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/51 | 68414 | &nbsp;&nbsp;&nbsp; 56407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 04/01/51 | 131513 | &nbsp;&nbsp;&nbsp; 107577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 08/01/51 | 1318686 | &nbsp;&nbsp;&nbsp; 1077493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 10/01/51 | 80056 | &nbsp;&nbsp;&nbsp; 65869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 01/01/52 | 525533 | &nbsp;&nbsp;&nbsp; 430605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/01/52 | 604466 | &nbsp;&nbsp;&nbsp; 495640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 03/01/52 | 1371952 | &nbsp;&nbsp;&nbsp; 1131372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/01/52 | 91581 | &nbsp;&nbsp;&nbsp; 75288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/01/42 | 4004743 | &nbsp;&nbsp;&nbsp; 3595898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/01/50 | 493237 | &nbsp;&nbsp;&nbsp; 422196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/01/50 | 2105219 | &nbsp;&nbsp;&nbsp; 1797830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/01/50 | 408018 | &nbsp;&nbsp;&nbsp; 349831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/01/51 | 379923 | &nbsp;&nbsp;&nbsp; 325641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/51 | 48159 | &nbsp;&nbsp;&nbsp; 41375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/01/51 | 183987 | &nbsp;&nbsp;&nbsp; 158415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/01/51 | 393392 | &nbsp;&nbsp;&nbsp; 322262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 06/01/51 | 123853 | &nbsp;&nbsp;&nbsp; 106728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/01/51 | 66406 | &nbsp;&nbsp;&nbsp; 57305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/51 | 344030 | &nbsp;&nbsp;&nbsp; 295831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 10/01/51 | 209554 | &nbsp;&nbsp;&nbsp; 180151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/01/51 | 541647 | &nbsp;&nbsp;&nbsp; 466621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/01/51 | 3852831 | &nbsp;&nbsp;&nbsp; 3306458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 01/01/52 | 1606114 | &nbsp;&nbsp;&nbsp; 1364803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/01/52 | 720620 | &nbsp;&nbsp;&nbsp; 620472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/01/52 | 869859 | &nbsp;&nbsp;&nbsp; 746097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/01/52 | 300258 | &nbsp;&nbsp;&nbsp; 256421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/01/52 | 342192 | &nbsp;&nbsp;&nbsp; 292465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 09/01/61 | 421898 | &nbsp;&nbsp;&nbsp; 346920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/29 | 7087 | &nbsp;&nbsp;&nbsp; 6959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/42 | 3044336 | &nbsp;&nbsp;&nbsp; 2819972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/42 | 676548 | &nbsp;&nbsp;&nbsp; 619920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/42 | 455962 | &nbsp;&nbsp;&nbsp; 417792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/42 | 1090147 | &nbsp;&nbsp;&nbsp; 998874 |

---

**BHFTI-344**

------

**Brighthouse Funds Trust I**

**Western Asset Management Government 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; 3.000%, 06/01/43 | 102608 | &nbsp;&nbsp;&nbsp; $93573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/01/43 | 219680 | &nbsp;&nbsp;&nbsp; 200338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/43 | 212885 | &nbsp;&nbsp;&nbsp; 194107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/45 | 196550 | &nbsp;&nbsp;&nbsp; 179468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/46 | 101922 | &nbsp;&nbsp;&nbsp; 92041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/46 | 304628 | &nbsp;&nbsp;&nbsp; 274765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/46 | 130252 | &nbsp;&nbsp;&nbsp; 117369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/48 | 528124 | &nbsp;&nbsp;&nbsp; 478725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 09/01/49 | 439656 | &nbsp;&nbsp;&nbsp; 394048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/49 | 100998 | &nbsp;&nbsp;&nbsp; 89847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/50 | 210508 | &nbsp;&nbsp;&nbsp; 189717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/01/50 | 645300 | &nbsp;&nbsp;&nbsp; 578138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/50 | 220331 | &nbsp;&nbsp;&nbsp; 196281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/50 | 307801 | &nbsp;&nbsp;&nbsp; 275508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/51 | 128868 | &nbsp;&nbsp;&nbsp; 115341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/51 | 291132 | &nbsp;&nbsp;&nbsp; 261386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 10/01/51 | 309494 | &nbsp;&nbsp;&nbsp; 278066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 11/01/51 | 1200063 | &nbsp;&nbsp;&nbsp; 1071232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/01/51 | 63217 | &nbsp;&nbsp;&nbsp; 55994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/01/52 | 461630 | &nbsp;&nbsp;&nbsp; 413470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/52 | 69491 | &nbsp;&nbsp;&nbsp; 62444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/01/52 | 371264 | &nbsp;&nbsp;&nbsp; 328728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/32 | 587124 | &nbsp;&nbsp;&nbsp; 575478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/32 | 490961 | &nbsp;&nbsp;&nbsp; 477180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 01/01/34 | 440251 | &nbsp;&nbsp;&nbsp; 429374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/42 | 975569 | &nbsp;&nbsp;&nbsp; 920645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/46 | 151149 | &nbsp;&nbsp;&nbsp; 142707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 07/01/47 | 720815 | &nbsp;&nbsp;&nbsp; 675727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/01/47 | 1826344 | &nbsp;&nbsp;&nbsp; 1704665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/49 | 212695 | &nbsp;&nbsp;&nbsp; 198300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/01/56 | 950662 | &nbsp;&nbsp;&nbsp; 867291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/40 | 800974 | &nbsp;&nbsp;&nbsp; 773681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/42 | 95419 | &nbsp;&nbsp;&nbsp; 92157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/42 | 80083 | &nbsp;&nbsp;&nbsp; 77303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/42 | 101070 | &nbsp;&nbsp;&nbsp; 97550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/43 | 50150 | &nbsp;&nbsp;&nbsp; 48318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/43 | 31205 | &nbsp;&nbsp;&nbsp; 30109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/43 | 572659 | &nbsp;&nbsp;&nbsp; 552742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/43 | 87802 | &nbsp;&nbsp;&nbsp; 84768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/44 | 34397 | &nbsp;&nbsp;&nbsp; 33199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/44 | 50254 | &nbsp;&nbsp;&nbsp; 48504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/45 | 414503 | &nbsp;&nbsp;&nbsp; 399058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/46 | 28574 | &nbsp;&nbsp;&nbsp; 27500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/46 | 19924 | &nbsp;&nbsp;&nbsp; 19076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/47 | 7774 | &nbsp;&nbsp;&nbsp; 7492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/48 | 293837 | &nbsp;&nbsp;&nbsp; 281416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/52 | 77036 | &nbsp;&nbsp;&nbsp; 73412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/52 | 581403 | &nbsp;&nbsp;&nbsp; 553221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/01/40 | 571540 | &nbsp;&nbsp;&nbsp; 565630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/41 | 46535 | &nbsp;&nbsp;&nbsp; 46054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/01/41 | 316850 | &nbsp;&nbsp;&nbsp; 313116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/44 | 355524 | &nbsp;&nbsp;&nbsp; 350748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/01/45 | 153371 | &nbsp;&nbsp;&nbsp; 151226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/48 | 17876 | &nbsp;&nbsp;&nbsp; 17580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/01/48 | 643855 | &nbsp;&nbsp;&nbsp; 633194 |

---

---

| | | |
|:---|:---|:---|
| **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%, 04/01/49 | 16082 | &nbsp;&nbsp;&nbsp; $15767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/49 | 74570 | &nbsp;&nbsp;&nbsp; 73338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/49 | 35166 | &nbsp;&nbsp;&nbsp; 34541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/01/50 | 149394 | &nbsp;&nbsp;&nbsp; 147604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/52 | 320287 | &nbsp;&nbsp;&nbsp; 311413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/53 | 311201 | &nbsp;&nbsp;&nbsp; 305084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/01/58 | 81984 | &nbsp;&nbsp;&nbsp; 79159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/41 | 6312 | &nbsp;&nbsp;&nbsp; 6325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/41 | 15336 | &nbsp;&nbsp;&nbsp; 15384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/41 | 5519 | &nbsp;&nbsp;&nbsp; 5530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/48 | 31242 | &nbsp;&nbsp;&nbsp; 31408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/01/53 | 72200 | &nbsp;&nbsp;&nbsp; 71568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/01/44 | 1905793 | &nbsp;&nbsp;&nbsp; 1973283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.962%, 1Y RFUCCT + 1.818%, 02/01/42 (d) | 17483 | &nbsp;&nbsp;&nbsp; 18176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/01/34 | 33735 | &nbsp;&nbsp;&nbsp; 34539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/37 | 7389 | &nbsp;&nbsp;&nbsp; 7731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/01/37 | 95008 | &nbsp;&nbsp;&nbsp; 99673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/01/38 | 92991 | &nbsp;&nbsp;&nbsp; 97559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/38 | 34892 | &nbsp;&nbsp;&nbsp; 36879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/38 | 15004 | &nbsp;&nbsp;&nbsp; 15741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/01/40 | 95539 | &nbsp;&nbsp;&nbsp; 100234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/40 | 131572 | &nbsp;&nbsp;&nbsp; 138037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/41 | 494144 | &nbsp;&nbsp;&nbsp; 517992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/01/42 | 8236 | &nbsp;&nbsp;&nbsp; 8539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/54 | 592088 | &nbsp;&nbsp;&nbsp; 608668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/54 | 461653 | &nbsp;&nbsp;&nbsp; 471318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/55 | 298049 | &nbsp;&nbsp;&nbsp; 303862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/55 | 3092143 | &nbsp;&nbsp;&nbsp; 3170467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.478%, 1Y RFUCCT + 1.800%, 07/01/41 (d) | 2705 | &nbsp;&nbsp;&nbsp; 2796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 07/01/32 | 19447 | &nbsp;&nbsp;&nbsp; 20265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/01/32 | 5556 | &nbsp;&nbsp;&nbsp; 5789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 07/01/35 | 6725 | &nbsp;&nbsp;&nbsp; 6994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/01/35 | 54231 | &nbsp;&nbsp;&nbsp; 56322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 08/01/36 | 97646 | &nbsp;&nbsp;&nbsp; 101315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 08/01/39 | 363581 | &nbsp;&nbsp;&nbsp; 378677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/01/54 | 108980 | &nbsp;&nbsp;&nbsp; 113167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/01/54 | 409663 | &nbsp;&nbsp;&nbsp; 425241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/01/54 | 196929 | &nbsp;&nbsp;&nbsp; 204295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.508%, 1Y RFUCCT + 1.818%, 07/01/41 (d) | 5623 | &nbsp;&nbsp;&nbsp; 5888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.568%, 1Y RFUCCT + 1.818%, 09/01/41 (d) | 4781 | &nbsp;&nbsp;&nbsp; 4956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.580%, 1Y RFUCCT + 1.830%, 10/01/41 (d) | 1626 | &nbsp;&nbsp;&nbsp; 1688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.591%, 1Y RFUCCT + 1.700%, 06/01/42 (d) | 8263 | &nbsp;&nbsp;&nbsp; 8604 |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 02/20/51 | 1915237 | &nbsp;&nbsp;&nbsp; 1568027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 12/20/50 | 178589 | &nbsp;&nbsp;&nbsp; 152316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 02/20/51 | 404157 | &nbsp;&nbsp;&nbsp; 348030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 03/20/51 | 540881 | &nbsp;&nbsp;&nbsp; 465616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/20/51 | 1363881 | &nbsp;&nbsp;&nbsp; 1174228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 07/20/51 | 318368 | &nbsp;&nbsp;&nbsp; 274067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 08/20/51 | 714275 | &nbsp;&nbsp;&nbsp; 614882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/15/42 | 138268 | &nbsp;&nbsp;&nbsp; 126495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/20/42 | 388112 | &nbsp;&nbsp;&nbsp; 349862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/20/43 | 360894 | &nbsp;&nbsp;&nbsp; 325146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/15/43 | 47209 | &nbsp;&nbsp;&nbsp; 43110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/15/43 | 31034 | &nbsp;&nbsp;&nbsp; 28322 |

---

**BHFTI-345**

------

**Brighthouse Funds Trust I**

**Western Asset Management Government 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; 3.000%, 01/15/45 | 20954 | &nbsp;&nbsp;&nbsp; $18848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/15/45 | 29903 | &nbsp;&nbsp;&nbsp; 26863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/15/45 | 153779 | &nbsp;&nbsp;&nbsp; 138297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/15/45 | 10831 | &nbsp;&nbsp;&nbsp; 9730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/15/45 | 14927 | &nbsp;&nbsp;&nbsp; 13341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 07/15/45 | 82233 | &nbsp;&nbsp;&nbsp; 73869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 01/20/48 | 481276 | &nbsp;&nbsp;&nbsp; 435275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/20/51 | 61137 | &nbsp;&nbsp;&nbsp; 53993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 04/20/52 | 57370 | &nbsp;&nbsp;&nbsp; 51034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/15/41 | 90244 | &nbsp;&nbsp;&nbsp; 85060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/15/42 | 67787 | &nbsp;&nbsp;&nbsp; 63843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/15/42 | 97417 | &nbsp;&nbsp;&nbsp; 91832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/15/42 | 199748 | &nbsp;&nbsp;&nbsp; 188143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/15/42 | 138041 | &nbsp;&nbsp;&nbsp; 130733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 12/20/42 | 116341 | &nbsp;&nbsp;&nbsp; 110267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/20/46 | 583005 | &nbsp;&nbsp;&nbsp; 540051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/20/46 | 1445878 | &nbsp;&nbsp;&nbsp; 1343074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/20/47 | 92562 | &nbsp;&nbsp;&nbsp; 86983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/20/48 | 303500 | &nbsp;&nbsp;&nbsp; 281943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 10/20/48 | 317374 | &nbsp;&nbsp;&nbsp; 297183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 05/15/50 | 118505 | &nbsp;&nbsp;&nbsp; 109112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 02/20/52 | 140174 | &nbsp;&nbsp;&nbsp; 129795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/20/52 | 54588 | &nbsp;&nbsp;&nbsp; 49425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/20/39 | 35117 | &nbsp;&nbsp;&nbsp; 33908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/15/40 | 472306 | &nbsp;&nbsp;&nbsp; 452113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/15/40 | 29384 | &nbsp;&nbsp;&nbsp; 28277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/20/40 | 4865 | &nbsp;&nbsp;&nbsp; 4683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/20/40 | 341382 | &nbsp;&nbsp;&nbsp; 330251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/15/41 | 304416 | &nbsp;&nbsp;&nbsp; 292460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/15/41 | 11774 | &nbsp;&nbsp;&nbsp; 11312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/15/41 | 49272 | &nbsp;&nbsp;&nbsp; 47359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/15/41 | 219443 | &nbsp;&nbsp;&nbsp; 210849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/20/41 | 441700 | &nbsp;&nbsp;&nbsp; 424707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/41 | 76126 | &nbsp;&nbsp;&nbsp; 73170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/20/41 | 171301 | &nbsp;&nbsp;&nbsp; 164710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/15/41 | 192350 | &nbsp;&nbsp;&nbsp; 184504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/15/42 | 5693 | &nbsp;&nbsp;&nbsp; 5465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/15/42 | 10174 | &nbsp;&nbsp;&nbsp; 9768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/15/42 | 68741 | &nbsp;&nbsp;&nbsp; 65884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/20/42 | 228531 | &nbsp;&nbsp;&nbsp; 219737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/20/42 | 16973 | &nbsp;&nbsp;&nbsp; 16320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/42 | 7494 | &nbsp;&nbsp;&nbsp; 7186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/15/43 | 23785 | &nbsp;&nbsp;&nbsp; 22657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/20/44 | 396071 | &nbsp;&nbsp;&nbsp; 380335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/20/44 | 398414 | &nbsp;&nbsp;&nbsp; 382501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/20/44 | 23102 | &nbsp;&nbsp;&nbsp; 22180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/20/46 | 69138 | &nbsp;&nbsp;&nbsp; 66195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/20/48 | 66058 | &nbsp;&nbsp;&nbsp; 62943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/15/50 | 25081 | &nbsp;&nbsp;&nbsp; 23693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/20/50 | 28098 | &nbsp;&nbsp;&nbsp; 26583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/20/50 | 176497 | &nbsp;&nbsp;&nbsp; 166135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/15/39 | 399334 | &nbsp;&nbsp;&nbsp; 397548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/20/40 | 37897 | &nbsp;&nbsp;&nbsp; 37581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/15/40 | 132422 | &nbsp;&nbsp;&nbsp; 131591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/15/40 | 28318 | &nbsp;&nbsp;&nbsp; 28099 |

---

---

| | | |
|:---|:---|:---|
| **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%, 09/20/40 | 4105 | &nbsp;&nbsp;&nbsp; $4068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/15/41 | 164338 | &nbsp;&nbsp;&nbsp; 163067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/15/41 | 14135 | &nbsp;&nbsp;&nbsp; 13961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/20/48 | 337414 | &nbsp;&nbsp;&nbsp; 332109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/20/48 | 231849 | &nbsp;&nbsp;&nbsp; 228269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/20/48 | 325368 | &nbsp;&nbsp;&nbsp; 320244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/20/49 | 50698 | &nbsp;&nbsp;&nbsp; 49916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/20/50 | 66233 | &nbsp;&nbsp;&nbsp; 65089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/15/39 | 16200 | &nbsp;&nbsp;&nbsp; 16401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/15/39 | 29349 | &nbsp;&nbsp;&nbsp; 29958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/15/39 | 24719 | &nbsp;&nbsp;&nbsp; 25130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/15/39 | 20456 | &nbsp;&nbsp;&nbsp; 20836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/15/40 | 11773 | &nbsp;&nbsp;&nbsp; 11860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/15/40 | 56312 | &nbsp;&nbsp;&nbsp; 56932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/15/41 | 24705 | &nbsp;&nbsp;&nbsp; 24946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/15/41 | 22739 | &nbsp;&nbsp;&nbsp; 23211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/20/52 | 1487470 | &nbsp;&nbsp;&nbsp; 1484671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/20/52 | 73557 | &nbsp;&nbsp;&nbsp; 73374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/20/52 | 73287 | &nbsp;&nbsp;&nbsp; 72899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/20/53 | 145821 | &nbsp;&nbsp;&nbsp; 145260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.470%, 08/20/59 (d) | 341 | &nbsp;&nbsp;&nbsp; 338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/15/39 | 4808 | &nbsp;&nbsp;&nbsp; 4999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/20/53 | 1912627 | &nbsp;&nbsp;&nbsp; 1941296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/20/53 | 131616 | &nbsp;&nbsp;&nbsp; 133589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/15/36 | 228802 | &nbsp;&nbsp;&nbsp; 241126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/20/54 | 480635 | &nbsp;&nbsp;&nbsp; 497464 |
| Government National Mortgage Association REMICS |  |  |
| &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) | 3536611 | &nbsp;&nbsp;&nbsp; 217785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.965%, 05/16/62 (c) (d) | 8127218 | &nbsp;&nbsp;&nbsp; 530998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.969%, 10/16/61 (c) (d) | 2642326 | &nbsp;&nbsp;&nbsp; 189626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.971%, 06/16/61 (c) (d) | 3109475 | &nbsp;&nbsp;&nbsp; 216706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.000%, 07/16/60 | 170193 | &nbsp;&nbsp;&nbsp; 119357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.012%, 09/16/62 (c) (d) | 3583538 | &nbsp;&nbsp;&nbsp; 249078 |
| &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) | 2504194 | &nbsp;&nbsp;&nbsp; 200436 |
| &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 |
| Government National Mortgage Association, TBA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, TBA (e) | 700000 | &nbsp;&nbsp;&nbsp; 578102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, TBA (e) | 3000000 | &nbsp;&nbsp;&nbsp; 2580469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, TBA (e) | 3100000 | &nbsp;&nbsp;&nbsp; 2767040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, TBA (e) | 600000 | &nbsp;&nbsp;&nbsp; 579541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, TBA (e) | 1900000 | &nbsp;&nbsp;&nbsp; 1881574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, TBA (e) | 2900000 | &nbsp;&nbsp;&nbsp; 2918469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, TBA (e) | 1800000 | &nbsp;&nbsp;&nbsp; 1830251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, TBA (e) | 800000 | &nbsp;&nbsp;&nbsp; 831385 |
| Uniform Mortgage-Backed Security, TBA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, TBA (e) | 1400000 | &nbsp;&nbsp;&nbsp; 1380577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, TBA (e) | 5100000 | &nbsp;&nbsp;&nbsp; 5123490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, TBA (e) | 1300000 | &nbsp;&nbsp;&nbsp; 1325126 |

---

**BHFTI-346**

------

**Brighthouse Funds Trust I**

**Western Asset Management Government 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)** |
| Uniform Mortgage-Backed Security, TBA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, TBA (e) | 300000 | &nbsp;&nbsp;&nbsp; $310351 |
|  |  | &nbsp;&nbsp;&nbsp; 157360993 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Agency Sponsored Mortgage-Backed Securities <br>(Cost $190,890,381) <br>|  | &nbsp;&nbsp;&nbsp; 182778109 |
| **Foreign Government—6.3%** | **Foreign Government—6.3%** | **Foreign Government—6.3%** |
| **Sovereign — 6.3%** | **Sovereign — 6.3%** | **Sovereign — 6.3%** |
| Abu Dhabi Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 10/11/27 (144A) | 2860000 | &nbsp;&nbsp;&nbsp; 2805403 |
| Indonesia Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/11/29 | 4410000 | &nbsp;&nbsp;&nbsp; 4428799 |
| Israel Government AID Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/18/33 | 9000000 | &nbsp;&nbsp;&nbsp; 9669798 |
| Israel Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/12/34 | 2500000 | &nbsp;&nbsp;&nbsp; 2531491 |
| Mexico Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 07/02/32 | 4643000 | &nbsp;&nbsp;&nbsp; 4659715 |
| Qatar Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/14/29 (144A) | 2740000 | &nbsp;&nbsp;&nbsp; 2701571 |
| Republic of Poland Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 04/06/26 (a) | 2820000 | &nbsp;&nbsp;&nbsp; 2819446 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Foreign Government <br>(Cost $30,328,673) <br>|  | &nbsp;&nbsp;&nbsp; 29616223 |
| **Non-Agency Mortgage-Backed Securities—1.6%** | **Non-Agency Mortgage-Backed Securities—1.6%** | **Non-Agency Mortgage-Backed Securities—1.6%** |
| **Collateralized Mortgage Obligations — 1.6%** | **Collateralized Mortgage Obligations — 1.6%** | **Collateralized Mortgage Obligations — 1.6%** |
| Angel Oak Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.348%, 10/25/69 (144A) (f) | 521109 | &nbsp;&nbsp;&nbsp; 521469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.515%, 04/25/70 (144A) (f) | 377792 | &nbsp;&nbsp;&nbsp; 379057 |
| BRAVO Residential Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.803%, 06/25/64 (144A) (f) | 410198 | &nbsp;&nbsp;&nbsp; 412292 |
| Deephaven Residential Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.797%, 12/25/70 (144A) (d) | 411867 | &nbsp;&nbsp;&nbsp; 408532 |
| GCAT Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 09/25/54 (144A) (d) | 135430 | &nbsp;&nbsp;&nbsp; 138142 |
| JP Morgan Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.966%, 06/25/65 (144A) (f) | 303587 | &nbsp;&nbsp;&nbsp; 304645 |
| Morgan Stanley Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/25/54 (144A) (d) | 675517 | &nbsp;&nbsp;&nbsp; 690769 |
| New Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.189%, 02/25/66 (144A) (f) | 247861 | &nbsp;&nbsp;&nbsp; 245246 |
| OBX Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.755%, 02/25/55 (144A) (f) | 808299 | &nbsp;&nbsp;&nbsp; 810063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.826%, 03/25/65 (144A) (f) | 307325 | &nbsp;&nbsp;&nbsp; 308263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.015%, 11/25/64 (144A) (f) | 707367 | &nbsp;&nbsp;&nbsp; 711810 |
| PRKCM Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, 04/25/57 (144A) (d) | 230772 | &nbsp;&nbsp;&nbsp; 229749 |
| PRPM Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.845%, 01/25/56 (144A) (f) | 228291 | &nbsp;&nbsp;&nbsp; 227017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.674%, 12/26/69 (144A) (f) | 205668 | &nbsp;&nbsp;&nbsp; 206393 |
| Verus Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.844%, 02/25/71 (144A) (f) | 248312 | &nbsp;&nbsp;&nbsp; 245287 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount\***/<br> **Shares**<br>| <br>**Value**<br>|
| **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** | **Collateralized Mortgage Obligations—(Continued)** |
| Verus Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.774%, 05/25/65 (144A) (f) | 687949 | &nbsp;&nbsp;&nbsp; $689492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.976%, 01/25/70 (144A) (f) | 816192 | &nbsp;&nbsp;&nbsp; 819827 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Non-Agency Mortgage-Backed Securities <br>(Cost $7,327,312) <br>|  | &nbsp;&nbsp;&nbsp; 7348053 |

---

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

---

| | | |
|:---|:---|:---|
| **Short-Term Investments—1.4%** | **Short-Term Investments—1.4%** | **Short-Term Investments—1.4%** |
| **Repurchase Agreement—1.4%** | **Repurchase Agreement—1.4%** | **Repurchase Agreement—1.4%** |
| 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 $6,674,819; collateralized <br> by U.S. Treasury Note at 3.750%, maturing 08/15/27, with a <br> market value of $6,807,950<br>| 6674356 | &nbsp;&nbsp;&nbsp; 6674356 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $6,674,356) <br>|  | &nbsp;&nbsp;&nbsp; 6674356 |

---

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

---

| | | |
|:---|:---|:---|
| **Securities Lending Reinvestments (g)—4.5%** | **Securities Lending Reinvestments (g)—4.5%** | **Securities Lending Reinvestments (g)—4.5%** |
| **Short-Term Investment Funds—2.4%** | **Short-Term Investment Funds—2.4%** | **Short-Term Investment Funds—2.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds FedFund, <br>Institutional Shares 3.550% (h)<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Obligations Cash Management Fund, <br>Institutional Class 3.540% (h)<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco STIT-Government & Agency Portfolio, <br>Institutional Class 3.580% (h)<br>| 3000000 | &nbsp;&nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Liquidity Funds Government Portfolio, <br>Institutional Shares 3.580% (h)<br>| 2000000 | &nbsp;&nbsp;&nbsp; 2000000 |
|  |  | &nbsp;&nbsp;&nbsp; 11000000 |

---

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

---

| | | |
|:---|:---|:---|
| **Repurchase Agreements—2.1%** | **Repurchase Agreements—2.1%** | **Repurchase Agreements—2.1%** |
| 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 $500,051; collateralized by <br> various Common Stock with an aggregate market value of <br> $556,141<br>| 500000 | &nbsp;&nbsp;&nbsp; 500000 |
| &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 |
| 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 $1,000,102; 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 $1,020,000<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 $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 |

---

**BHFTI-347**

------

**Brighthouse Funds Trust I**

**Western Asset Management Government Income 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)** |
| 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 $3,548,360; collateralized <br> by 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 $3,618,961<br>| 3548000 | &nbsp;&nbsp;&nbsp; $3548000 |
| 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 $700,074; collateralized by <br> various Common Stock with an aggregate market value of <br> $780,240<br>| 700000 | &nbsp;&nbsp;&nbsp; 700000 |
|  |  | &nbsp;&nbsp;&nbsp; 9748000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Lending Reinvestments <br>(Cost $20,748,000) <br>|  | &nbsp;&nbsp;&nbsp; 20748000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments—109.4% <br>(Cost $548,182,808) <br>|  | &nbsp;&nbsp;&nbsp; 510955485 |
| Other assets and liabilities (net)—(9.4)%  |  | &nbsp;&nbsp;&nbsp; (43715331)<br>|
| **Net Assets—100.0%**  |  | &nbsp;&nbsp;&nbsp; $467240154 |

---

&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 $26,177,720 and the collateral received consisted of cash in the <br> amount of $20,748,000 and non-cash collateral with a value of $6,022,171. 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) | Principal amount of security is adjusted for inflation. |
| (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>|
| (g) | Represents investment of cash collateral received from securities on loan as of March 31, <br> 2026.<br>|
| (h) | 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> $17,972,261, which is 3.8% 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; 147 | USD | 30494461 | &nbsp;&nbsp; $(7911)<br>|
| U.S. Treasury Note 5 Year Futures | &nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp; 56 | USD | 6058062 | &nbsp;&nbsp; (60925)<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; (110)<br>| USD | (12215156)<br>| &nbsp;&nbsp; 65333 |
| Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | Net Unrealized Depreciation | &nbsp;&nbsp; $(3503)<br>|

---

**BHFTI-348**

------

**Brighthouse Funds Trust I**

**Western Asset Management Government Income 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 U.S. Treasury & Government Agencies\* | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $263790744 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $263790744 |
| Total Agency Sponsored Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 182778109 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 182778109 |
| Total Foreign Government\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 29616223 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 29616223 |
| Total Non-Agency Mortgage-Backed Securities\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7348053 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7348053 |
| Total Short-Term Investments\* | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6674356 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6674356 |
| 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; 9748000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 9748000 |
| Total Securities Lending Reinvestments | &nbsp;&nbsp;&nbsp; 11000000 | &nbsp;&nbsp;&nbsp; 9748000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20748000 |
| Total Investments | &nbsp;&nbsp;&nbsp; $11000000 | &nbsp;&nbsp;&nbsp; $499955485 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $510955485 |
| Collateral for Securities Loaned (Liability) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(20748000)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(20748000)<br>|
| Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Appreciation) | &nbsp;&nbsp;&nbsp; $65333 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $65333 |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts (Unrealized Depreciation) | &nbsp;&nbsp;&nbsp; (68836)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (68836)<br>|
| Total Futures Contracts | &nbsp;&nbsp;&nbsp; $(3503)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(3503)<br>|

---

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

\* See Schedule of Investments for additional detailed categorizations.

**BHFTI-349**

------

**Brighthouse Funds Trust I**

**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.

**BHFTI-350**

------

**Brighthouse Funds Trust I**

**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.

**BHFTI-351**

------

## 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 I

- **b. Investment Company Act file number:** 811-10183

- **c. CIK number of Registrant:** 0001126087

- **d. LEI of Registrant:** 549300LQX1AREJYGF247

- **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:** Brighthouse/Franklin Low Duration Total Return Portfolio

- **b. EDGAR series identifier (if any):** S000032438

- **c. LEI of Series:** 549300HDUGIR8TU0PL77

**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:** $606584620.27

**Total Liabilities:** $48354026.44

**Net Assets:** $558230593.83

**Delayed Delivery Securities:** $2702878.40

**Cash Not Reported:** $677226.54

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -2199.64000000 | **1-Year:** -25696.20000000 | **5-Year:** -28288.57000000 | **10-Year:** -4388.79000000 | **30-Year:** -2295.99000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -211.04000000 | **1-Year:** -4822.72000000 | **5-Year:** -25785.20000000 | **10-Year:** -4812.81000000 | **30-Year:** -1303.85000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000100086 | 0.34%                | 0.45%                | -0.45%               |
| Class ID C000100087 | 0.34%                | 0.45%                | -0.56%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $101377.06               | $-125308.81                                |
| Month 2  | $-161455.88              | $960861.48                                 |
| Month 3  | $-202890.27              | $-4141755.70                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABN AMRO BANK NV                                        | ABN AMRO Bank NV                                                     | CUSIP: 00084DBA7<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |    600000 | PA      | $605101.97    | 0.11%             | 2027-09-18      | Fixed         | 6.34%                 | No            |                  2 | On Loan: —       |
| AGL CLO 13 Ltd                                          | AGL CLO 13 Ltd                                                       | CUSIP: 00120JAL7<br>LEI: 254900DIJ0G5TXNJMM06 | Long             | ABS-CBDO         | CORP              | KY        |    850000 | PA      | $849117.70    | 0.15%             | 2034-10-20      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                                 | Corebridge Global Funding                                            | CUSIP: 00138CAV0<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1339089.13   | 0.24%             | 2028-09-19      | Fixed         | 5.90%                 | No            |                  2 | On Loan: —       |
| APi Group DE Inc                                        | APi Group DE Inc 2025 Term Loan                                      | CUSIP: 00186XAN3<br>LEI: 549300XP4G7B4QYA0G83 | Long             | LON              | CORP              | US        |    100000 | PA      | $100045.50    | 0.02%             | 2029-01-03      | Floating      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| APLD COMPUTECO LLC                                      | APLD ComputeCo LLC                                                   | CUSIP: 00202DAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $211216.01    | 0.04%             | 2030-12-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: —       |
| AT&T INC                                                | AT&T Inc                                                             | CUSIP: 00206RJX1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    400000 | PA      | $390998.14    | 0.07%             | 2027-06-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: —       |
| A&D Mortgage Trust                                      | A&D Mortgage Trust 2023-NQM3                                         | CUSIP: 00249FAA5<br>LEI: 984500E3BD374F778L95 | Long             | ABS-MBS          | CORP              | US        |    344646 | PA      | $345817.34    | 0.06%             | 2068-07-25      | Variable      | 6.73%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                              | AbbVie Inc                                                           | CUSIP: 00287YEE5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    495000 | PA      | $487817.04    | 0.09%             | 2031-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: —       |
| ACRISURE LLC / FIN INC                                  | Acrisure LLC / Acrisure Finance Inc                                  | CUSIP: 00489LAM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $297154.44    | 0.05%             | 2029-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Adjustable Rate Mortgage Trust                          | Adjustable Rate Mortgage Trust 2004-2                                | CUSIP: 007036BT2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     81565 | PA      | $81221.21     | 0.01%             | 2035-02-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                | AerCap Ireland Capital DAC / AerCap Global Aviation Trust            | CUSIP: 00774MAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $962584.47    | 0.17%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: —       |
| AERCAP IRELAND CAP/GLOBA                                | AerCap Ireland Capital DAC / AerCap Global Aviation Trust            | CUSIP: 00774MBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $1010888.32   | 0.18%             | 2027-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: —       |
| AERCAP IRELAND CAP/GLOBA                                | AerCap Ireland Capital DAC / AerCap Global Aviation Trust            | CUSIP: 00774MBT1<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    155000 | PA      | $152903.25    | 0.03%             | 2029-02-28      | Fixed         | 4.12%                 | No            |                  2 | On Loan: —       |
| AEGON FUNDING CO LLC                                    | AEGON Funding Co LLC                                                 | CUSIP: 00775VAA2<br>LEI: KEIOKM01PSK5VZ5CCI74 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2118468.28   | 0.38%             | 2027-04-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| AIRBNB INC                                              | Airbnb Inc                                                           | CUSIP: 009066AD3<br>LEI: 549300HMUDNO0RY56D37 | Long             | DBT              | CORP              | US        |    255000 | PA      | $254425.41    | 0.05%             | 2031-03-16      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Albaugh LLC                                             | Albaugh LLC 2022 Term Loan B                                         | CUSIP: 01260HAH8<br>LEI: 5493008ZHS8IORT6HC90 | Long             | LON              | CORP              | US        |    227405 | PA      | $219374.87    | 0.04%             | 2029-04-06      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Albion Financing 3 SARL                                 | Albion Financing 3 SARL 2025 USD Term Loan                           | CUSIP: 01330EAD0<br>LEI: 213800VFJ5CIN2NUQ821 | Long             | LON              | CORP              | US        |     27941 | PA      | $27964.52     | 0.01%             | 2031-05-21      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer       | CUSIP: 01883LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $580517.52    | 0.10%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer       | CUSIP: 01883LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $703815.00    | 0.13%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Alpha Generation LLC                                    | Alpha Generation LLC Term Loan B                                     | CUSIP: 02072UAC6<br>LEI: 254900K5V62L4YGVKF49 | Long             | LON              | CORP              | US        |    299241 | PA      | $298810.50    | 0.05%             | 2031-09-30      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                            | Alphabet Inc                                                         | CUSIP: 02079KAW7<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    850000 | PA      | $844205.97    | 0.15%             | 2030-11-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: —       |
| ALPHABET INC                                            | Alphabet Inc                                                         | CUSIP: 02079KBK2<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    655000 | PA      | $650448.43    | 0.12%             | 2031-02-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: —       |
| AMAZON.COM INC                                          | Amazon.com Inc                                                       | CUSIP: 023135CT1<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    385000 | PA      | $380488.76    | 0.07%             | 2030-11-20      | Fixed         | 4.10%                 | No            |                  2 | On Loan: —       |
| AMAZON.COM INC                                          | Amazon.com Inc                                                       | CUSIP: 023135DD5<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    535000 | PA      | $531056.87    | 0.10%             | 2031-03-13      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                 | American Airlines Inc 2025 Term Loan B                               | CUSIP: 02376CBT1<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | KY        |    300000 | PA      | $297781.20    | 0.05%             | 2032-05-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| American Axle and Manufacturing, Inc.                   | American Axle and Manufacturing Inc 2025 Incremental Term Loan C     | CUSIP: 02406MBB2<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | LON              | CORP              | US        |    116978 | PA      | $116392.69    | 0.02%             | 2033-02-03      | Floating      | 7.01%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                     | American Express Co                                                  | CUSIP: 025816DT3<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2402439.24   | 0.43%             | 2027-04-23      | Fixed         | 5.64%                 | No            |                  2 | On Loan: —       |
| American Express Credit Account Master Trust            | American Express Credit Account Master Trust                         | CUSIP: 02582JJZ4<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |   3620000 | PA      | $3623602.62   | 0.65%             | 2028-05-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                                           | Amphenol Corp                                                        | CUSIP: 032095AX9<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    420000 | PA      | $416880.23    | 0.07%             | 2028-11-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: —       |
| ANGLO AMERICAN CAPITAL                                  | Anglo American Capital PLC                                           | CUSIP: 034863BG4<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |    625000 | PA      | $617844.68    | 0.11%             | 2031-03-19      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                | Angel Oak Mortgage Trust 2025-HB1                                    | CUSIP: 034936AA2<br>LEI: 254900ZFKOWCY24MSQ94 | Long             | ABS-O            | CORP              | US        |    231964 | PA      | $232825.04    | 0.04%             | 2055-02-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                      | Angolan Government International Bond                                | CUSIP: 035198AB6<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    270000 | PA      | $272324.05    | 0.05%             | 2028-05-09      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Apex Credit CLO LLC                                     | Apex Credit CLO 2021-II LLC                                          | CUSIP: 03755QAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2300000 | PA      | $2297688.50   | 0.41%             | 2034-10-20      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Prime Security Services Borrower, LLC                   | Prime Security Services Borrower LLC 2025 Incremental Term Loan B    | CUSIP: 03765VAQ3<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |    297750 | PA      | $294028.11    | 0.05%             | 2032-03-07      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                                              | Apidos CLO XXXII                                                     | CUSIP: 03768RAQ9<br>LEI: 549300CXPXW83QGWOL98 | Long             | ABS-CBDO         | CORP              | KY        |   1007492 | PA      | $1008839.45   | 0.18%             | 2033-01-20      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| APLD COMPUTECO 2 LLC                                    | APLD ComputeCo 2 LLC                                                 | CUSIP: 03772CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $134017.08    | 0.02%             | 2031-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| APTARGROUP INC                                          | AptarGroup Inc                                                       | CUSIP: 038336AB9<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | DBT              | CORP              | US        |    360000 | PA      | $356782.33    | 0.06%             | 2031-03-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                                    | Aramark Services Inc 2025 Term Loan                                  | CUSIP: 03852JBC4<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | LON              | CORP              | US        |     22119 | PA      | $22174.47     | 0.00%             | 2030-06-22      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                             | Asurion LLC 2022 Term Loan B10                                       | CUSIP: 04649VBB5<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     11202 | PA      | $11211.95     | 0.00%             | 2028-08-19      | Floating      | 7.77%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                   | Athene Global Funding                                                | CUSIP: 04685A3T6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2016191.56   | 0.36%             | 2027-03-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                | Avolon Holdings Funding Ltd                                          | CUSIP: 05401ABA8<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    665000 | PA      | $660366.95    | 0.12%             | 2030-10-10      | Fixed         | 4.90%                 | No            |                  2 | On Loan: —       |
| BAT CAPITAL CORP                                        | BAT Capital Corp                                                     | CUSIP: 054989AA6<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    540000 | PA      | $576439.05    | 0.10%             | 2030-08-02      | Fixed         | 6.34%                 | No            |                  2 | On Loan: —       |
| BAE SYSTEMS PLC                                         | BAE Systems PLC                                                      | CUSIP: 05523RAH0<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |   1200000 | PA      | $1207824.76   | 0.22%             | 2027-03-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| BAT CAPITAL CORP                                        | BAT Capital Corp                                                     | CUSIP: 05526DBN4<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    195000 | PA      | $197106.30    | 0.04%             | 2030-04-02      | Fixed         | 4.91%                 | No            |                  2 | On Loan: —       |
| BMW US CAPITAL LLC                                      | BMW US Capital LLC                                                   | CUSIP: 05565EDC6<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    740000 | PA      | $731660.63    | 0.13%             | 2030-08-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| BX Trust                                                | BX 2021-LBA3 Mortgage Trust                                          | CUSIP: 05609PAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2643000 | PA      | $2636392.50   | 0.47%             | 2036-10-15      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust 2022-IND                                                    | CUSIP: 05609WAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1352357 | PA      | $1352356.68   | 0.24%             | 2037-04-15      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                      | BMO 2025-5C10 Mortgage Trust                                         | CUSIP: 05615BAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7921787 | PA      | $375190.90    | 0.07%             | 2058-05-15      | Variable      | 1.35%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust 2025-VOLT                                                   | CUSIP: 05619PAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    483000 | PA      | $481490.63    | 0.09%             | 2044-12-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust 2025-ARIA                                                   | CUSIP: 05619TAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    843000 | PA      | $847438.56    | 0.15%             | 2042-12-13      | Variable      | 5.03%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust 2025-ARIA                                                   | CUSIP: 05619TAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    534000 | PA      | $534393.56    | 0.10%             | 2042-12-13      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                        | Bain Capital Credit CLO 2020-1 Ltd                                   | CUSIP: 05684DAY9<br>LEI: 2549007DKQFBF2N6NR86 | Long             | ABS-CBDO         | CORP              | KY        |   1423120 | PA      | $1421988.65   | 0.25%             | 2033-04-18      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| BANIJAY ENTERTAINMENT                                   | Banijay Entertainment SAS                                            | CUSIP: 060335AB2<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |    600000 | PA      | $615964.20    | 0.11%             | 2029-05-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                    | Bank of America Corp                                                 | CUSIP: 06051GHQ5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1972482.20   | 0.35%             | 2030-02-07      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                    | Bank of America Corp                                                 | CUSIP: 06051GKP3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2498160.43   | 0.45%             | 2028-04-27      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| BANK OF MONTREAL                                        | Bank of Montreal                                                     | CUSIP: 06368L8K5<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1000967.70   | 0.18%             | 2027-09-10      | Fixed         | 4.57%                 | No            |                  2 | On Loan: —       |
| BANK OF NEW YORK MELLON                                 | Bank of New York Mellon/The                                          | CUSIP: 06405LAH4<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302133.79    | 0.05%             | 2029-04-20      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Bank5                                                   | BANK5 2025-5YR15                                                     | CUSIP: 065924AM4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8255195 | PA      | $383695.70    | 0.07%             | 2058-07-15      | Variable      | 1.22%                 | No            |                  2 | On Loan: No      |
| Bank5                                                   | BANK5 Trust 2025-5YR13                                               | CUSIP: 06650CAM5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17901123 | PA      | $654235.94    | 0.12%             | 2058-01-15      | Variable      | 1.06%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                                  | Banque Federative du Credit Mutuel SA                                | CUSIP: 06675DCR1<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |   1576000 | PA      | $1576918.68   | 0.28%             | 2028-10-16      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                                  | Banque Federative du Credit Mutuel SA                                | CUSIP: 06675DCU4<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    455000 | PA      | $448706.09    | 0.08%             | 2031-01-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: —       |
| BANQUE OUEST AFRICAINE D                                | Banque Ouest Africaine de Developpement                              | CUSIP: 06675QAB9<br>LEI: 529900LIZJABE4JJS826 | Long             | DBT              | NUSS              | XX        |   1300000 | PA      | $1292035.42   | 0.23%             | 2027-07-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Outdoors Group LLC                                | Great Outdoors Group LLC 2025 Term Loan B                            | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |    207984 | PA      | $207872.04    | 0.04%             | 2032-01-23      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Basswood Park CLO Ltd                                   | Basswood Park CLO Ltd                                                | CUSIP: 070252AJ0<br>LEI: 5493005HSAGIQZIVAS94 | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $798599.20    | 0.14%             | 2034-04-20      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Battalion CLO LTD                                       | Battalion CLO IX Ltd                                                 | CUSIP: 07132EAS4<br>LEI: 549300JMWGEYZEC6GK98 | Long             | ABS-CBDO         | CORP              | KY        |   1127257 | PA      | $1127516.39   | 0.20%             | 2031-07-15      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                                | Baxter International Inc                                             | CUSIP: 071813CL1<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |   1305000 | PA      | $1274138.50   | 0.23%             | 2027-02-01      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE LLC                                    | Bayer US Finance LLC                                                 | CUSIP: 07274EAJ2<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2596629.03   | 0.47%             | 2029-01-21      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC             | BBCMS Mortgage Trust 2025-5C34                                       | CUSIP: 07337BAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11512739 | PA      | $492302.00    | 0.09%             | 2058-05-15      | Variable      | 1.17%                 | No            |                  2 | On Loan: No      |
| Beechwood Park CLO Ltd.                                 | Beechwood Park CLO Ltd                                               | CUSIP: 07355TBL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2994711.00   | 0.54%             | 2035-01-17      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| BEACON MOBILITY CORP                                    | Beacon Mobility Corp                                                 | CUSIP: 073644AA4<br>LEI: 254900EBTYFG24UQEM31 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36153.81     | 0.01%             | 2030-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| QXO INC                                                 | QXO Inc 2025 Term Loan B                                             | CUSIP: 07368RAM3<br>LEI: 549300HDXQWWCBOYXP31 | Long             | LON              | CORP              | US        |    300000 | PA      | $299734.50    | 0.05%             | 2032-04-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bellemeade Re 2021-3 Ltd                                | Bellemeade RE 2021-3 Ltd                                             | CUSIP: 078777AF6<br>LEI: 2549002JVH34IWRT3X93 | Long             | ABS-MBS          | CORP              | US        |    494000 | PA      | $507809.57    | 0.09%             | 2031-09-25      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                | Benchmark 2019-B13 Mortgage Trust                                    | CUSIP: 08162DAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1210571 | PA      | $1163550.36   | 0.21%             | 2057-08-15      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                | Benchmark 2020-B17 Mortgage Trust                                    | CUSIP: 08162MAV0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    558120 | PA      | $529769.92    | 0.09%             | 2053-03-15      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                | Benchmark 2025-V19 Mortgage Trust                                    | CUSIP: 08164DAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    733000 | PA      | $744296.34    | 0.13%             | 2058-01-15      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                | Benchmark 2025-V18 Mortgage Trust                                    | CUSIP: 08164EAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4213714 | PA      | $213650.87    | 0.04%             | 2058-10-15      | Variable      | 1.26%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                | Benchmark 2026-V20 Mortgage Trust                                    | CUSIP: 08164KAZ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    597000 | PA      | $602450.61    | 0.11%             | 2059-02-15      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| BLACK PEARL COMPUTE LLC                                 | Black Pearl Compute LLC                                              | CUSIP: 09216NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $81423.76     | 0.01%             | 2031-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: —       |
| BLOCK COMMUNICATIONS INC                                | Block Communications Inc                                             | CUSIP: 093645AK5<br>LEI: M5G68A9OHJWIL4SFC742 | Long             | DBT              | CORP              | US        |     90000 | PA      | $82344.68     | 0.01%             | 2031-03-01      | Fixed         | 10.25%                | No            |                  2 | On Loan: —       |
| Bluemountain CLO Ltd                                    | BlueMountain CLO 2016-3 Ltd                                          | CUSIP: 09628VAW4<br>LEI: 549300EYIDIF4X8MHI21 | Long             | ABS-CBDO         | CORP              | KY        |    427260 | PA      | $427186.23    | 0.08%             | 2030-11-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                               | Boeing Co/The                                                        | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508370.00    | 0.09%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                           | Boeing Co/The                                                        | CUSIP: 097023DQ5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1049835.60   | 0.19%             | 2029-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: —       |
| BRAVO Residential Funding Trust                         | BRAVO Residential Funding Trust 2023-NQM8                            | CUSIP: 10567MAA3<br>LEI: 2549000KHGUZMZ31N203 | Long             | ABS-MBS          | CORP              | US        |    596438 | PA      | $598997.63    | 0.11%             | 2063-10-25      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust 2019-2                  | BRAVO Residential Funding Trust 2019-NQM2                            | CUSIP: 10568LAL0<br>LEI: 2549000KHGUZMZ31N203 | Long             | ABS-MBS          | CORP              | US        |    530609 | PA      | $509184.43    | 0.09%             | 2044-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                         | BRAVO Residential Funding Trust 2025-HE1                             | CUSIP: 10568VAA2<br>LEI: 254900V4GL9A5JTVB991 | Long             | ABS-O            | CORP              | US        |   1706274 | PA      | $1707010.54   | 0.31%             | 2072-09-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                         | BRAVO Residential Funding Trust 2023-NQM6                            | CUSIP: 10569DAA1<br>LEI: 2549000KHGUZMZ31N203 | Long             | ABS-MBS          | CORP              | US        |    259068 | PA      | $259675.45    | 0.05%             | 2063-09-25      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                         | BRAVO Residential Funding Trust 2024-NQM2                            | CUSIP: 10569KAA5<br>LEI: 2549000KHGUZMZ31N203 | Long             | ABS-MBS          | CORP              | US        |    210572 | PA      | $211758.01    | 0.04%             | 2064-02-25      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                         | BRAVO Residential Funding Trust 2024-NQM3                            | CUSIP: 10569LAA3<br>LEI: 2549000KHGUZMZ31N203 | Long             | ABS-MBS          | CORP              | US        |   1078725 | PA      | $1085134.27   | 0.19%             | 2064-03-25      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                         | BRAVO Residential Funding Trust 2023-NQM5                            | CUSIP: 10569UAA3<br>LEI: 2549000KHGUZMZ31N203 | Long             | ABS-MBS          | CORP              | US        |    137534 | PA      | $137649.39    | 0.02%             | 2063-06-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                         | BRAVO Residential Funding Trust 2023-NQM4                            | CUSIP: 10569YAA5<br>LEI: 2549000KHGUZMZ31N203 | Long             | ABS-MBS          | CORP              | US        |   1473104 | PA      | $1472301.60   | 0.26%             | 2063-05-25      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                | CUSIP: 105756CA6<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    230000 | PA      | $228079.50    | 0.04%             | 2029-05-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                | CUSIP: 105756CC2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    290000 | PA      | $276268.50    | 0.05%             | 2030-06-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| BROWN & BROWN INC                                       | Brown & Brown Inc                                                    | CUSIP: 115236AK7<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    345000 | PA      | $344532.31    | 0.06%             | 2030-06-23      | Fixed         | 4.90%                 | No            |                  2 | On Loan: —       |
| Buckhorn Park CLO, Ltd.                                 | Buckhorn Park CLO Ltd                                                | CUSIP: 118382BA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    900000 | PA      | $898491.60    | 0.16%             | 2034-07-18      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| Colony American Finance Ltd                             | CAFL 2025-RRTL1 Issuer LP                                            | CUSIP: 124760AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    227000 | PA      | $227728.74    | 0.04%             | 2040-05-28      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| Cantor Commercial Real Estate Lending                   | Cantor Commercial Real Estate Lending 2019-CF3                       | CUSIP: 12529TAU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    339550 | PA      | $323401.06    | 0.06%             | 2053-01-15      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                                 | CF Hippolyta Issuer LLC                                              | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1120588 | PA      | $938885.09    | 0.17%             | 2060-07-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                | CHS/Community Health Systems Inc                                     | CUSIP: 12543DBH2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1087625.00   | 0.19%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                         | CSAIL 2017-CX10 Commercial Mortgage Trust                            | CUSIP: 12595JAE4<br>LEI: 549300UFJ8EKD81Y8R30 | Long             | ABS-MBS          | CORP              | US        |    719615 | PA      | $716270.28    | 0.13%             | 2050-11-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                         | CSAIL 2020-C19 Commercial Mortgage Trust                             | CUSIP: 12597NAU7<br>LEI: 549300UFJ8EKD81Y8R30 | Long             | ABS-MBS          | CORP              | US        |  14277534 | PA      | $457873.39    | 0.08%             | 2053-03-15      | Variable      | 1.08%                 | No            |                  2 | On Loan: No      |
| CPI Holdco B LLC                                        | CPI Holdco B LLC 2024 Term Loan                                      | CUSIP: 1261MAAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     98868 | PA      | $98332.84     | 0.02%             | 2031-05-19      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP                                           | CQP Holdco LP 2026 Term Loan B                                       | CUSIP: 12657QAF0<br>LEI: 549300LPL012JY5D4B69 | Long             | LON              | CORP              | US        |    300000 | PA      | $298898.40    | 0.05%             | 2032-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                         | CVS Health Corp                                                      | CUSIP: 126650CX6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1594329.10   | 0.29%             | 2028-03-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: —       |
| CVS HEALTH CORP                                         | CVS Health Corp                                                      | CUSIP: 126650DQ0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    220000 | PA      | $192075.66    | 0.03%             | 2031-02-28      | Fixed         | 1.88%                 | No            |                  2 | On Loan: —       |
| CVS HEALTH CORP                                         | CVS Health Corp                                                      | CUSIP: 126650DW7<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1519507.22   | 0.27%             | 2029-01-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Countrywide Asset-Backed Certificates                   | CWABS Inc Asset-Backed Certificates Series 2004-1                    | CUSIP: 126671Z25<br>LEI: 549300H6I2066O1LC673 | Long             | ABS-O            | CORP              | US        |     18722 | PA      | $19485.26     | 0.00%             | 2034-03-25      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                  | CHL Mortgage Pass-Through Trust 2004-11                              | CUSIP: 12669FA86<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    120721 | PA      | $115749.79    | 0.02%             | 2034-07-25      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                        | COLT 2024-INV1 Mortgage Loan Trust                                   | CUSIP: 12672RAA0<br>LEI: 213800D3JCL6LSBI3544 | Long             | ABS-MBS          | CORP              | US        |    381992 | PA      | $383124.25    | 0.07%             | 2068-12-25      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| CSTL Commercial Mortgage Trust                          | CSTL Commercial Mortgage Trust 2025-GATE2                            | CUSIP: 12676JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    782000 | PA      | $768801.17    | 0.14%             | 2042-11-10      | Variable      | 4.56%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment Inc                               | Caesars Entertainment Inc Term Loan B                                | CUSIP: 12768EAG1<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |     85488 | PA      | $83203.98     | 0.01%             | 2030-02-06      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                   | Caesars Entertainment Inc                                            | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1154274.00   | 0.21%             | 2029-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: —       |
| CAIXABANK SA                                            | CaixaBank SA                                                         | CUSIP: 12803RAK0<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   1140000 | PA      | $1141881.30   | 0.20%             | 2029-07-03      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| Calpine Construction Finance Company LP                 | Calpine Construction Finance Company LP 2023 Refinancing Term Loan B | CUSIP: 13134NAH4<br>LEI: V0Q3DOB0FIB2XI1KWU77 | Long             | LON              | CORP              | US        |    100000 | PA      | $100156.00    | 0.02%             | 2030-07-31      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                | Capital One Financial Corp                                           | CUSIP: 14040HBW4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2470640.98   | 0.44%             | 2028-01-31      | Fixed         | 3.80%                 | No            |                  2 | On Loan: —       |
| CAPITAL ONE FINANCIAL CO                                | Capital One Financial Corp                                           | CUSIP: 14040HDM4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    640000 | PA      | $628393.46    | 0.11%             | 2031-09-11      | Fixed         | 4.49%                 | No            |                  2 | On Loan: —       |
| CAPITAL ONE FINANCIAL CO                                | Capital One Financial Corp                                           | CUSIP: 14040HDP7<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    435000 | PA      | $428402.73    | 0.08%             | 2032-01-30      | Fixed         | 4.72%                 | No            |                  2 | On Loan: —       |
| Carlyle Global Market Strategies                        | Carlyle Global Market Strategies CLO 2015-4 Ltd                      | CUSIP: 14311NBC7<br>LEI: 549300Q4PPEXLDSOKL32 | Long             | ABS-CBDO         | CORP              | KY        |    941515 | PA      | $942512.25    | 0.17%             | 2032-07-20      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                           | Carnival Corp                                                        | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    400000 | PA      | $403172.80    | 0.07%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                                     | Carrier Global Corp                                                  | CUSIP: 14448CAP9<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1476013.05   | 0.26%             | 2027-02-15      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                         | CDX. NA.HY.45 5.0 2030-12-20                                         | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   1524600 | OU      | $80287.82     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                         | CDX.NA.HY.45 5.0; 2030-12-20                                         | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   1188000 | OU      | $62561.93     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                             | CDX 25-35 Tranche CDX.NA.HY.45 5.0 2030-12-20                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              |  | US        |   1400000 | OU      | $-172446.31   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                         | CCPCDX---CDX.NA.IG.46 1.0 2031-06-20                                 | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | GB        |  50445000 | OU      | $869924.03    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                         | ITRAXX EUROPE SERIES 45 VERSION 1 1.0 2031-06-20                     | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   7310000 | OU      | $-115788.73   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC                   | Charter Communications Operating LLC 2024 Term Loan B5               | CUSIP: 16117LCE7<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |    297126 | PA      | $297589.72    | 0.05%             | 2031-12-15      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                      | Chase Home Lending Mortgage Trust 2026-1                             | CUSIP: 16161YCB0<br>LEI: 529900FU45ZZQULAKB21 | Long             | ABS-MBS          | CORP              | US        |   1690085 | PA      | $1672917.96   | 0.30%             | 2056-11-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds                    | Chile Government International Bonds                                 | CUSIP: 168863EB0<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    340000 | PA      | $343825.00    | 0.06%             | 2029-01-22      | Fixed         | 4.85%                 | No            |                  2 | On Loan: —       |
| Chobani, LLC                                            | Chobani LLC 2025 Term Loan B                                         | CUSIP: 17026YAL3<br>LEI: 549300ISVDMZ91KNTR38 | Long             | LON              | CORP              | US        |    108784 | PA      | $108947.09    | 0.02%             | 2032-10-28      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| CIPHER COMPUTE LLC                                      | Cipher Compute LLC                                                   | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $103602.90    | 0.02%             | 2030-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: —       |
| Citadel Securities LP                                   | Citadel Securities LP 2024 First Lien Term Loan                      | CUSIP: 17288YAN2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |    172799 | PA      | $173110.79    | 0.03%             | 2031-10-31      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                     | Citigroup Commercial Mortgage Trust 2018-C5                          | CUSIP: 17291DAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    518000 | PA      | $510859.63    | 0.09%             | 2051-06-10      | Variable      | 4.41%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                           | Citigroup Inc                                                        | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1420000 | PA      | $1403860.32   | 0.25%             | 2031-09-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                             | Citibank NA                                                          | CUSIP: 17325FBN7<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3815117.62   | 0.68%             | 2027-05-29      | Fixed         | 4.58%                 | No            |                  2 | On Loan: —       |
| Citigroup Commercial Mortgage Trust                     | Citigroup Commercial Mortgage Trust 2016-C3                          | CUSIP: 17325GAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1132000 | PA      | $1122302.50   | 0.20%             | 2049-11-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                     | CGMS Commercial Mortgage Trust 2017-B1                               | CUSIP: 17326CBB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    337000 | PA      | $329390.30    | 0.06%             | 2050-08-15      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| DREYFUS TREASURY & AGENCY LEX                           | DREYFUS TREASURY & AGENCY LEX                                        | CUSIP: 261908107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2000000 | NS      | $2000000.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| TFDXX LEX BLACKROCK FED FUND                            | TFDXX LEX BLACKROCK FED FUND                                         | CUSIP: 09248U700<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1000000 | NS      | $1000000.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVT AND AGCY LEX                               | INVESCO GOVT AND AGCY LEX                                            | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1000000 | NS      | $1000000.00   | 0.18%             |  |  |  | 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        |   1000000 | NS      | $1000000.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET INST US GOVT FUND                          | STATE STREET INST US GOVT FUND                                       | CUSIP: 857492706<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1000000 | NS      | $1000000.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA EUROPACIFIC                                   | Coca-Cola Europacific Partners PLC                                   | CUSIP: 19123MAF0<br>LEI: 549300LTH67W4GWMRF57 | Long             | DBT              | CORP              | GB        |   1600000 | PA      | $1563678.06   | 0.28%             | 2027-01-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: —       |
| Colombia Government International Bonds                 | Colombia Government International Bonds                              | CUSIP: 195325ER2<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    220000 | PA      | $228058.60    | 0.04%             | 2030-04-25      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Colossus Acquireco LLC                                  | Colossus Acquireco LLC Term Loan B                                   | CUSIP: 19682LAB4<br>LEI: 2549009FT92RXWA46910 | Long             | LON              | CORP              | US        |    299248 | PA      | $298473.37    | 0.05%             | 2032-07-30      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                        | COLT 2024-INV4 Mortgage Loan Trust                                   | CUSIP: 19688QAA9<br>LEI: 2138008UGM66WOAUY633 | Long             | ABS-MBS          | CORP              | US        |   1228706 | PA      | $1234003.27   | 0.22%             | 2069-05-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                        | COLT 2024-1 Mortgage Loan Trust                                      | CUSIP: 19688TAA3<br>LEI: 2138001HZNOLT1K3WY73 | Long             | ABS-MBS          | CORP              | US        |    659785 | PA      | $661339.08    | 0.12%             | 2069-02-25      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| COLUMBUS MCKINNON CORPORATION                           | Columbus McKinnon Corporation 2026 Term Loan B                       | CUSIP: 19933MAS2<br>LEI: 549300W3HQB0HO1F3G69 | Long             | LON              | CORP              | US        |     19206 | PA      | $19145.67     | 0.00%             | 2033-02-03      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                     | COMM 2015-LC19 Mortgage Trust                                        | CUSIP: 200474BH6<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |    236760 | PA      | $230243.99    | 0.04%             | 2048-02-10      | Variable      | 4.41%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer II, LLC                      | Compass Datacenters Issuer II LLC                                    | CUSIP: 20469AAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    286000 | PA      | $283616.68    | 0.05%             | 2049-08-25      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer II, LLC                      | Compass Datacenters Issuer II LLC                                    | CUSIP: 20469CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    307000 | PA      | $305097.67    | 0.05%             | 2050-05-25      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer II, LLC                      | Compass Datacenters Issuer II LLC                                    | CUSIP: 20469CAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    671000 | PA      | $660390.62    | 0.12%             | 2050-11-25      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL/CONNE                                | Connect Finco SARL / Connect US Finco LLC                            | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    600000 | PA      | $630324.00    | 0.11%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| Fannie Mae - CAS                                        | Fannie Mae Connecticut Avenue Securities                             | CUSIP: 20754GAA8<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    336821 | PA      | $336611.69    | 0.06%             | 2044-02-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                        | Fannie Mae Connecticut Avenue Securities                             | CUSIP: 20754TAB8<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    291564 | PA      | $291113.47    | 0.05%             | 2045-02-25      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                        | Fannie Mae Connecticut Avenue Securities                             | CUSIP: 20754VAA5<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    379508 | PA      | $380221.21    | 0.07%             | 2045-03-25      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                        | Fannie Mae Connecticut Avenue Securities                             | CUSIP: 20755BAB6<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    600767 | PA      | $600647.12    | 0.11%             | 2046-01-25      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                        | Fannie Mae Connecticut Avenue Securities                             | CUSIP: 20755CAA6<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |   1069952 | PA      | $1070283.29   | 0.19%             | 2043-10-25      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                        | Fannie Mae Connecticut Avenue Securities                             | CUSIP: 20755JAA1<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    442170 | PA      | $441075.16    | 0.08%             | 2045-01-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                        | Fannie Mae Connecticut Avenue Securities                             | CUSIP: 20755TAA9<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    323082 | PA      | $323153.63    | 0.06%             | 2045-05-25      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                        | Fannie Mae Connecticut Avenue Securities                             | CUSIP: 207941AA3<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    413272 | PA      | $412886.05    | 0.07%             | 2044-03-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION EN GEN LLC                                | Constellation Energy Generation LLC                                  | CUSIP: 210385AQ3<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    245000 | PA      | $241805.75    | 0.04%             | 2031-01-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: —       |
| Corporation Service Company                             | Corporation Service Company Term Loan B                              | CUSIP: 22006VAL3<br>LEI: 549300NOPSIMGJNT8J31 | Long             | LON              | CORP              | US        |    300000 | PA      | $298031.40    | 0.05%             | 2029-11-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Inc                            | Citigroup Global Markets Inc                                         | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | RA               | CORP              | US        |   2000000 | PA      | $2000000.00   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank Canada Toronto                               | Royal Bank Canada Toronto                                            | CUSIP: 000000000<br>LEI: 549300HXQQQCCUBS2Z23 | Long             | RA               | CORP              | US        |   2000000 | PA      | $2000000.00   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT                                   | Costa Rica Government International Bond                             | CUSIP: 221597CP0<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    330000 | PA      | $336837.60    | 0.06%             | 2031-02-19      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Cotiviti Corporation                                    | Cotiviti Corporation 2024 Term Loan                                  | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |    124055 | PA      | $114673.73    | 0.02%             | 2031-05-01      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                      | Credit Agricole SA                                                   | CUSIP: 22535WAR8<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   2100000 | PA      | $2125508.39   | 0.38%             | 2031-05-27      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| Credit Suisse First Boston Mortgage Securities          | Credit Suisse First Boston Mortgage Securities Corp                  | CUSIP: 2254W0HE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     33234 | PA      | $18370.74     | 0.00%             | 2038-01-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                    | Cross 2024-H1 Mortgage Trust                                         | CUSIP: 22757AAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    870292 | PA      | $873897.76    | 0.16%             | 2068-12-25      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                    | Cross 2025-H3 Mortgage Trust                                         | CUSIP: 22757EAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    276541 | PA      | $278798.22    | 0.05%             | 2070-04-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| CROSSCOUNTRY INTER                                      | CrossCountry Intermediate HoldCo LLC                                 | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $38125.55     | 0.01%             | 2030-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                        | Crown Castle Inc                                                     | CUSIP: 22822VAC5<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |   2367000 | PA      | $2363200.78   | 0.42%             | 2026-06-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                        | Crown Castle Inc                                                     | CUSIP: 22822VAV3<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |    733000 | PA      | $725972.82    | 0.13%             | 2026-07-15      | Fixed         | 1.05%                 | No            |                  2 | On Loan: —       |
| Crown Equipment Corporation                             | Crown Equipment Corporation 2025 1st Lien Term Loan B                | CUSIP: 22834HAL2<br>LEI: V22E9B3P7BX1W5NNT053 | Long             | LON              | CORP              | US        |     98498 | PA      | $98744.38     | 0.02%             | 2031-10-10      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Curators of the University of Missouri/The              | CURATORS OF THE UNIV OF MISSOURI MO SYS FACS REVENUE                 | CUSIP: 231266MN4<br>LEI: G0G4PRB87K0V5MXIV248 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1943518.40   | 0.35%             | 2027-11-01      | Fixed         | 2.01%                 | No            |                  2 | On Loan: No      |
| D.R. HORTON INC                                         | DR Horton Inc                                                        | CUSIP: 23331ABT5<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1512239.45   | 0.27%             | 2030-10-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                           | DTE Energy Co                                                        | CUSIP: 233331BM8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    800000 | PA      | $805174.25    | 0.14%             | 2027-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| DANSKE BANK A/S                                         | Danske Bank A/S                                                      | CUSIP: 23636ABH3<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   1600000 | PA      | $1645618.51   | 0.29%             | 2030-03-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: —       |
| The Bank Of Nova Scotia, Toronto                        | The Bank Of Nova Scotia, Toronto                                     | CUSIP: 000000000<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | RA               | CORP              | US        |   3000000 | PA      | $3000000.00   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Deep Blue Operating I LLC                               | Deep Blue Operating I LLC Term Loan                                  | CUSIP: 24369TAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49722 | PA      | $49970.19     | 0.01%             | 2032-10-01      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage Trust                    | Deephaven Residential Mortgage Trust 2024-1                          | CUSIP: 24380QAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    672846 | PA      | $677976.40    | 0.12%             | 2069-07-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| Delek US Holdings Inc                                   | Delek US Holdings Inc 2022 Term Loan B                               | CUSIP: 24664GAF8<br>LEI: 5493003O53JMENV1N385 | Long             | LON              | CORP              | US        |    148846 | PA      | $149202.78    | 0.03%             | 2029-11-19      | Floating      | 7.27%                 | Yes           |                  2 | On Loan: No      |
| BANK OF MONTREAL, LONDON                                | BANK OF MONTREAL, LONDON                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   1999998 | PA      | $1999997.80   | 0.36%             | 2026-05-14      | Floating      | 3.98%                 | No            |                  2 | On Loan: No      |
| Royal Bank Canada Toronto                               | Royal Bank Canada Toronto                                            | CUSIP: 000000000<br>LEI: 549300HXQQQCCUBS2Z23 | Long             | RA               | CORP              | US        |   2000000 | PA      | $2000000.00   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank Of Canada                                 | National Bank Of Canada                                              | CUSIP: 000000000<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | RA               | CORP              | US        |   7000000 | PA      | $7000000.00   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank Of Canada                                 | National Bank Of Canada                                              | CUSIP: 000000000<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | RA               | CORP              | US        |    900000 | PA      | $900000.00    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| DICK'S SPORTING GOODS                                   | Dick's Sporting Goods Inc                                            | CUSIP: 253393AH5<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |   2830000 | PA      | $2753652.91   | 0.49%             | 2029-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                                   | Directv Financing LLC / Directv Financing Co-Obligor Inc             | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    247000 | PA      | $246739.71    | 0.04%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| DIRECTV FINANCING LLC                                   | Directv Financing LLC                                                | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    550000 | PA      | $548776.42    | 0.10%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| DOMINION ENERGY INC                                     | Dominion Energy Inc                                                  | CUSIP: 25746UDJ5<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1997557.64   | 0.36%             | 2026-04-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| Cantor Fitzgeral & Co                                   | Cantor Fitzgeral & Co                                                | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | Long             | RA               | CORP              | US        |   2000000 | PA      | $2000000.00   | 0.36%             |  |  |  | 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        |   5000000 | PA      | $5000000.00   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Inc                            | Citigroup Global Markets Inc                                         | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | RA               | CORP              | US        |   2000000 | PA      | $2000000.00   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank Securities Inc.                           | Deutsche Bank Securities Inc.                                        | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Long             | RA               | CORP              | US        |   6906368 | PA      | $6906368.00   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| SVENSKA NY                                              | SVENSKA NY                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.18%             | 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        |   1000000 | PA      | $1000000.00   | 0.18%             | 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        |   1000000 | PA      | $1000000.00   | 0.18%             | 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        |    500000 | PA      | $500000.00    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                 | Dryden 80 CLO Ltd                                                    | CUSIP: 26245JBA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2356067 | PA      | $2354724.26   | 0.42%             | 2033-01-17      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                 | Dryden 68 CLO Ltd                                                    | CUSIP: 26252QAS1<br>LEI: 254900MX6QAMC9XBAB53 | Long             | ABS-CBDO         | CORP              | KY        |   2250000 | PA      | $2248886.25   | 0.40%             | 2035-07-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                        | Duke Energy Corp                                                     | CUSIP: 26441CBS3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4492092.47   | 0.80%             | 2028-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: —       |
| EMRLD Borrower LP                                       | EMRLD Borrower LP Term Loan B                                        | CUSIP: 26872NAC3<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |    236938 | PA      | $236856.95    | 0.04%             | 2030-05-31      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| EMRLD Borrower LP                                       | EMRLD Borrower LP 2024 Term Loan B                                   | CUSIP: 26872NAD1<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |     69945 | PA      | $69905.12     | 0.01%             | 2031-08-04      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                                | Eagle Funding Luxco Sarl                                             | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |    340000 | PA      | $341785.00    | 0.06%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD EUR                                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $3348.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD EUR                                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $982.55       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD EUR                                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $5139.51      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD EUR                                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $14279.61     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EATON CORP                                              | Eaton Corp                                                           | CUSIP: 278058DX7<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |    490000 | PA      | $482910.46    | 0.09%             | 2031-03-06      | Fixed         | 4.20%                 | No            |                  2 | On Loan: —       |
| EATON CAPITAL ULC                                       | Eaton Capital ULC                                                    | CUSIP: 27806HAA9<br>LEI: 549300OLS85LSODKAF64 | Long             | DBT              | CORP              | IE        |    520000 | PA      | $519557.26    | 0.09%             | 2030-05-09      | Fixed         | 4.45%                 | No            |                  2 | On Loan: —       |
| Elevation CLO Ltd                                       | Elevation CLO 2018-10 Ltd                                            | CUSIP: 28623CAL5<br>LEI: 5493005Q4N14IP6ASK07 | Long             | ABS-CBDO         | CORP              | KY        |      1512 | PA      | $1512.15      | 0.00%             | 2031-10-20      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| Energizer Holdings, Inc.                                | Energizer Holdings Inc 2025 Term Loan B                              | CUSIP: 29267YAW2<br>LEI: 5493000D6NN0V57UME20 | Long             | LON              | CORP              | US        |    299158 | PA      | $299157.63    | 0.05%             | 2032-03-19      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                    | ENEL Finance International NV                                        | CUSIP: 29278GBG2<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    650000 | PA      | $638398.73    | 0.11%             | 2030-09-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| ENGIE SA                                                | Engie SA                                                             | CUSIP: 29286DAA3<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | DBT              | CORP              | FR        |   1400000 | PA      | $1431313.95   | 0.26%             | 2029-04-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| EQUINIX ASIA FIN CORP                                   | Equinix Asia Financing Corp Pte Ltd                                  | CUSIP: 29447KAA3<br>LEI: 2549002E9B0F5FQ3X427 | Long             | DBT              |  | SG        |    425000 | PA      | $416030.51    | 0.07%             | 2031-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                  | EquipmentShare.com Inc                                               | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1136224.10   | 0.20%             | 2028-05-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ESAB CORP                                               | Esab Corp                                                            | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202979.80    | 0.04%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| ESAB CORP                                               | Esab Corp                                                            | CUSIP: 29605JAB2<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60420.60     | 0.01%             | 2031-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                             | Exelon Corp                                                          | CUSIP: 30161NAU5<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1998996.18   | 0.36%             | 2026-04-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: —       |
| F&G ANNUITIES & LIFE INC                                | F&G Annuities & Life Inc                                             | CUSIP: 30190AAF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $301253.66    | 0.05%             | 2029-06-04      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Constellation Renewables, LLC                           | Constellation Renewables LLC 2020 Term Loan                          | CUSIP: 30204KAD8<br>LEI: 5493004JBPWTPTK8LB51 | Long             | LON              | CORP              | US        |    300000 | PA      | $300703.20    | 0.05%             | 2027-12-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC                                 | CDXTRANCHE--2I65BRAA9-20271220                                       | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCR              |  | US        |   1900000 | OU      | $133300.03    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                      | Meta Platforms Inc                                                   | CUSIP: 30303MAB8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   1415000 | PA      | $1401269.99   | 0.25%             | 2030-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: —       |
| Freddie Mac                                             | Freddie Mac Pool                                                     | CUSIP: 3132D6CT5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2418930 | PA      | $2310932.94   | 0.41%             | 2037-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                     | CUSIP: 3132D6CU2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2462070 | PA      | $2371527.60   | 0.42%             | 2037-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FED HOME LN DISCOUNT NT                                 | Federal Home Loan Bank Discount Notes                                | CUSIP: 313385UZ7<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |  26038000 | PA      | $26035403.49  | 4.66%             | 2026-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae REMICS                                                    | CUSIP: 3136BRK89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1605107 | PA      | $1618145.58   | 0.29%             | 2054-05-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae REMICS                                                    | CUSIP: 3136BSFC4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1019705 | PA      | $1024965.40   | 0.18%             | 2054-01-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae REMICS                                                    | CUSIP: 3136BSFL4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1791385 | PA      | $1801851.33   | 0.32%             | 2054-06-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae REMICS                                                    | CUSIP: 3136BSSC0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2128389 | PA      | $2138918.85   | 0.38%             | 2054-08-25      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae REMICS                                                    | CUSIP: 3136BTRF2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1489002 | PA      | $1491736.84   | 0.27%             | 2054-11-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae REMICS                                                    | CUSIP: 3136BTWY5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2238125 | PA      | $2258122.55   | 0.40%             | 2053-10-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae REMICS                                                    | CUSIP: 3136BUCU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1854092 | PA      | $1866753.79   | 0.33%             | 2053-12-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac REMICS                                                   | CUSIP: 3137FFYJ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6815611 | PA      | $1033338.02   | 0.19%             | 2051-03-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac REMICS                                                   | CUSIP: 3137HB4N1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6497104 | PA      | $1031029.33   | 0.18%             | 2051-07-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac REMICS                                                   | CUSIP: 3137HD7J3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3189476 | PA      | $3207851.30   | 0.57%             | 2054-06-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac REMICS                                                   | CUSIP: 3137HF7C3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1398448 | PA      | $1403011.41   | 0.25%             | 2054-08-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac REMICS                                                   | CUSIP: 3137HF7D1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1710776 | PA      | $1720296.51   | 0.31%             | 2054-08-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac REMICS                                                   | CUSIP: 3137HHSG7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1905218 | PA      | $1915745.40   | 0.34%             | 2054-02-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac REMICS                                                   | CUSIP: 3137HJMR5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1285925 | PA      | $1293019.37   | 0.23%             | 2055-02-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac REMICS                                                   | CUSIP: 3137HKGL2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1634929 | PA      | $1642309.76   | 0.29%             | 2055-03-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac REMICS                                                   | CUSIP: 3137HLBG6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2585122 | PA      | $2605066.39   | 0.47%             | 2055-05-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac REMICS                                                   | CUSIP: 3137HLSX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2225920 | PA      | $2231362.93   | 0.40%             | 2055-06-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac REMICS                                                   | CUSIP: 3137HMN89<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2463921 | PA      | $2478153.67   | 0.44%             | 2055-08-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31381DR56<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       515 | PA      | $517.79       | 0.00%             | 2029-01-01      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31384V7B2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        20 | PA      | $19.70        | 0.00%             | 2030-03-01      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31384VJ60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        80 | PA      | $79.86        | 0.00%             | 2028-07-01      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31385UNU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3432 | PA      | $3484.38      | 0.00%             | 2030-08-01      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31385XUH8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2692 | PA      | $2754.78      | 0.00%             | 2038-03-01      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31385XUU9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       196 | PA      | $195.10       | 0.00%             | 2033-11-01      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31388DEL8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2574 | PA      | $2624.20      | 0.00%             | 2032-01-01      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31388HAW9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2784 | PA      | $2833.46      | 0.00%             | 2032-10-01      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 3138EGBF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    367018 | PA      | $380229.38    | 0.07%             | 2035-09-01      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 3138EM2Z3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    301260 | PA      | $309211.52    | 0.06%             | 2035-11-01      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 3138XP2F9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     23659 | PA      | $24358.17     | 0.00%             | 2044-02-01      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31390HWR2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4992 | PA      | $5041.61      | 0.00%             | 2032-06-01      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31390K5Z7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5515 | PA      | $5571.54      | 0.00%             | 2032-11-01      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31391FPC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        32 | PA      | $32.02        | 0.00%             | 2029-08-01      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31391LWG6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21318 | PA      | $21757.00     | 0.00%             | 2032-08-01      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31391MKA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     28012 | PA      | $28304.94     | 0.01%             | 2032-12-01      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31391S6L9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2302 | PA      | $2334.03      | 0.00%             | 2032-11-01      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31400PFV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     19691 | PA      | $20010.01     | 0.00%             | 2033-02-01      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31400QT29<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7796 | PA      | $7923.53      | 0.00%             | 2033-03-01      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31400VP89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       252 | PA      | $251.59       | 0.00%             | 2028-03-01      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31401CUM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2312 | PA      | $2353.92      | 0.00%             | 2033-05-01      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31401XUT2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13547 | PA      | $13766.36     | 0.00%             | 2033-07-01      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31402CQD7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13225 | PA      | $13500.66     | 0.00%             | 2033-07-01      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31402DBW9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       173 | PA      | $174.43       | 0.00%             | 2033-09-01      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31402DD80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7682 | PA      | $7820.29      | 0.00%             | 2033-07-01      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31402FRU1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        28 | PA      | $28.53        | 0.00%             | 2028-06-01      | Floating      | 6.11%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31402GTP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8264 | PA      | $8394.16      | 0.00%             | 2033-07-01      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31402JVC8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     27897 | PA      | $28556.44     | 0.01%             | 2033-08-01      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31402LGB2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13665 | PA      | $13723.65     | 0.00%             | 2033-09-01      | Floating      | 6.11%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31402Q5X5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7102 | PA      | $7226.14      | 0.00%             | 2035-03-01      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31402QTK7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1248 | PA      | $1264.72      | 0.00%             | 2034-11-01      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31402RRV3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       551 | PA      | $562.84       | 0.00%             | 2034-08-01      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31403AX83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9424 | PA      | $9601.70      | 0.00%             | 2033-10-01      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31403DHP7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       762 | PA      | $790.70       | 0.00%             | 2036-04-01      | Floating      | 6.11%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31403DHV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9490 | PA      | $9709.53      | 0.00%             | 2036-01-01      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31403JRR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11880 | PA      | $12239.39     | 0.00%             | 2033-10-01      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31403U5E7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     17072 | PA      | $17453.17     | 0.00%             | 2033-12-01      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31404TAT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10673 | PA      | $10879.52     | 0.00%             | 2034-04-01      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31406H3M7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8301 | PA      | $8469.53      | 0.00%             | 2034-12-01      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31406NYV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21398 | PA      | $21996.28     | 0.00%             | 2035-02-01      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31406RGS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1876 | PA      | $1912.70      | 0.00%             | 2035-09-01      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31406WWR1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     64632 | PA      | $66373.61     | 0.01%             | 2035-04-01      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31407A7K1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4866 | PA      | $5026.20      | 0.00%             | 2035-07-01      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31407UMR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    395938 | PA      | $413602.55    | 0.07%             | 2034-11-01      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31408DCA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1846 | PA      | $1890.33      | 0.00%             | 2035-11-01      | Floating      | 6.49%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31408F2E8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     74375 | PA      | $76391.87     | 0.01%             | 2035-12-01      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31409BB48<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10518 | PA      | $10771.52     | 0.00%             | 2036-03-01      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31409BFF9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7325 | PA      | $7485.84      | 0.00%             | 2036-03-01      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31409UWM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     17282 | PA      | $17873.61     | 0.00%             | 2035-11-01      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31409WCB5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6212 | PA      | $6316.34      | 0.00%             | 2036-02-01      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31409XZV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     29678 | PA      | $30355.46     | 0.01%             | 2036-03-01      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31409XZY8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7773 | PA      | $7962.43      | 0.00%             | 2036-02-01      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31410FR56<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       116 | PA      | $118.55       | 0.00%             | 2036-09-01      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31410GGV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2526 | PA      | $2610.24      | 0.00%             | 2037-08-01      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31410GJK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        47 | PA      | $47.16        | 0.00%             | 2032-01-01      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31410GJV6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       547 | PA      | $554.10       | 0.00%             | 2033-09-01      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31410GME0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       552 | PA      | $570.69       | 0.00%             | 2037-09-01      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31410MHH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3796 | PA      | $3873.75      | 0.00%             | 2036-04-01      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31410QDW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       556 | PA      | $572.17       | 0.00%             | 2036-10-01      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31411ARS6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        88 | PA      | $89.92        | 0.00%             | 2036-11-01      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31411RTJ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       797 | PA      | $822.61       | 0.00%             | 2037-03-01      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31412ECR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     96925 | PA      | $100055.73    | 0.02%             | 2035-11-01      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31414CPN2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     27985 | PA      | $28731.70     | 0.01%             | 2035-06-01      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31417JYK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       676 | PA      | $695.86       | 0.00%             | 2039-09-01      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31418SA41<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       391 | PA      | $401.14       | 0.00%             | 2040-04-01      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                      | CUSIP: 31419A6G7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    308958 | PA      | $317329.11    | 0.06%             | 2036-11-01      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                                         | Fannie Mae Interest Strip                                            | CUSIP: 31424UVN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6305706 | PA      | $1111289.31   | 0.20%             | 2053-01-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK INC                                    | Fifth Third Bank NA                                                  | CUSIP: 31677QBU2<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |    865000 | PA      | $868156.45    | 0.16%             | 2028-01-28      | Fixed         | 4.97%                 | No            |                  2 | On Loan: —       |
| FIGRE Trust                                             | FIGRE Trust 2025-HE5                                                 | CUSIP: 31684MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    339476 | PA      | $338555.12    | 0.06%             | 2055-08-25      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                             | FIGRE Trust 2025-HE4                                                 | CUSIP: 31684PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    385173 | PA      | $385482.89    | 0.07%             | 2055-07-25      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                             | FIGRE Trust 2025-FL1                                                 | CUSIP: 31684QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    261445 | PA      | $261196.78    | 0.05%             | 2055-07-25      | Variable      | 5.26%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                             | FIGRE Trust 2025-FL2                                                 | CUSIP: 31684TAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    612564 | PA      | $609092.77    | 0.11%             | 2055-11-25      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                  | First Brands Group LLC 2021 Term Loan                                | CUSIP: 31935HAD9<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |     47208 | PA      | $137.85       | 0.00%             | 2027-03-30      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| First Brands Group, LLC                                 | First Brands Group LLC 2025 DIP Term Loan                            | CUSIP: 31935HAM9<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |     42859 | PA      | $9986.24      | 0.00%             | 2026-06-29      | Floating      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| FIRST BRANDS GROUP LLC                                  | First Brands Group LLC 2025 PIK DIP Roll-Up Term Loan B              | CUSIP: 31935HAN7<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |    112159 | PA      | $420.60       | 0.00%             | 2026-06-29      | Floating      | 10.67%                | Yes           |                  2 | On Loan: No      |
| FISERV INC                                              | Fiserv Inc                                                           | CUSIP: 337738BB3<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $973203.88    | 0.17%             | 2027-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: —       |
| Flatiron CLO Ltd                                        | Flatiron CLO 28 Ltd                                                  | CUSIP: 33884EAQ4<br>LEI: 254900U51J2X527SRJ56 | Long             | ABS-CBDO         | CORP              | KY        |   3610000 | PA      | $3607180.59   | 0.65%             | 2036-07-15      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                            | Ford Credit Auto Owner Trust 2024-A                                  | CUSIP: 34535EAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1805761 | PA      | $1818117.75   | 0.33%             | 2028-12-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                   | Foundry JV Holdco LLC                                                | CUSIP: 350930AB9<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1966305.10   | 0.35%             | 2030-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: —       |
| Freddie Mac - STACR                                     | Freddie Mac STACR REMIC Trust 2021-DNA7                              | CUSIP: 35564KMA4<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | USGSE             | US        |     43737 | PA      | $43697.25     | 0.01%             | 2041-11-25      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                     | Freddie Mac STACR REMIC Trust 2024-HQA2                              | CUSIP: 35564NDZ3<br>LEI: 5299002OYNAPMJKK2A73 | Long             | ABS-MBS          | USGSE             | US        |   1211279 | PA      | $1211820.48   | 0.22%             | 2044-08-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                     | Freddie Mac STACR REMIC Trust 2025-DNA1                              | CUSIP: 35564NFY4<br>LEI: 529900WZAMS87JCAOC53 | Long             | ABS-MBS          | USGSE             | US        |    471165 | PA      | $470285.62    | 0.08%             | 2045-01-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                     | Freddie Mac STACR REMIC Trust 2025-DNA2                              | CUSIP: 35564NHY2<br>LEI: 529900XX8WXEM4FBIH80 | Long             | ABS-MBS          | USGSE             | US        |    348125 | PA      | $348543.20    | 0.06%             | 2045-05-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                     | Freddie Mac Stacr Remic Trust 2025-Dna3                              | CUSIP: 35564UAQ0<br>LEI: 5299009HC4IGFM6RXF30 | Long             | ABS-MBS          | USGSE             | US        |    506850 | PA      | $505780.04    | 0.09%             | 2045-09-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                   | Freedom Mortgage Holdings LLC                                        | CUSIP: 35641AAE8<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    300000 | PA      | $280472.43    | 0.05%             | 2031-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| GA GLOBAL FUNDING TRUST                                 | GA Global Funding Trust                                              | CUSIP: 36143L2N4<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2136281.15   | 0.38%             | 2027-09-23      | Fixed         | 4.40%                 | No            |                  2 | On Loan: —       |
| GS Mortgage Securities Trust                            | GS Mortgage Securities Trust 2016-GS3                                | CUSIP: 36251PAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    937621 | PA      | $933738.66    | 0.17%             | 2049-10-10      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                            | GS Mortgage Securities Trust 2016-GS2                                | CUSIP: 36252TAR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    169916 | PA      | $169676.03    | 0.03%             | 2049-05-10      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                            | GS Mortgage Securities Trust 2019-GC42                               | CUSIP: 36257UAJ6<br>LEI: 549300WF5YRKNHB1FX69 | Long             | ABS-MBS          | CORP              | US        |   1640616 | PA      | $1574316.84   | 0.28%             | 2052-09-10      | Fixed         | 2.93%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                            | GS Mortgage Securities Trust 2020-GC45                               | CUSIP: 36258YBJ6<br>LEI: 549300WF5YRKNHB1FX69 | Long             | ABS-MBS          | CORP              | US        |  26777110 | PA      | $503455.20    | 0.09%             | 2053-02-13      | Variable      | 0.61%                 | No            |                  2 | On Loan: No      |
| HALEON US CAPITAL LLC                                   | Haleon US Capital LLC                                                | CUSIP: 36264FAK7<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3366752.90   | 0.60%             | 2027-03-24      | Fixed         | 3.38%                 | No            |                  2 | On Loan: —       |
| GE HEALTHCARE TECH INC                                  | GE HealthCare Technologies Inc                                       | CUSIP: 36266GAD9<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    310000 | PA      | $307975.53    | 0.06%             | 2028-12-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: —       |
| GM Financial Securitized Term Auto Receivables Tr       | GM Financial Consumer Automobile Receivables Trust 2024-1            | CUSIP: 36268GAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2632658 | PA      | $2642862.80   | 0.47%             | 2028-12-18      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                     | GS Mortgage-Backed Securities Trust 2025-PJ8                         | CUSIP: 36272XBA9<br>LEI: 25490038RWR4AJZ5B524 | Long             | ABS-MBS          | CORP              | US        |    184899 | PA      | $185098.64    | 0.03%             | 2056-02-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                     | GS Mortgage Backed Securities Trust 2025 CES2                        | CUSIP: 36273BAA7<br>LEI: 254900U0V0TUGIF39T29 | Long             | ABS-MBS          | CORP              | US        |    508791 | PA      | $507093.32    | 0.09%             | 2055-09-25      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| GABX LEASING                                            | Gabx Leasing LLC                                                     | CUSIP: 36274FAA7<br>LEI: 25490085PXP0WGRIRI44 | Long             | DBT              | CORP              | US        |    575000 | PA      | $566843.19    | 0.10%             | 2031-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: —       |
| GS Mortgage-Backed Securities Trust                     | GS Mortgage-Backed Securities Trust 2026-PJ1                         | CUSIP: 36275TBA5<br>LEI: 254900W4Z6DJOVCWAH28 | Long             | ABS-MBS          | CORP              | US        |    132818 | PA      | $133020.50    | 0.02%             | 2056-06-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                                     | General Electric Co                                                  | CUSIP: 369604BZ5<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |    350000 | PA      | $349160.77    | 0.06%             | 2030-07-29      | Fixed         | 4.30%                 | No            |                  2 | On Loan: —       |
| GENERAL MOTORS FINL CO                                  | General Motors Financial Co Inc                                      | CUSIP: 37045XDK9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   4400000 | PA      | $4374340.39   | 0.78%             | 2026-06-10      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                  | General Motors Financial Co Inc                                      | CUSIP: 37045XFL5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    190000 | PA      | $188042.84    | 0.03%             | 2028-10-27      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Genesee & Wyoming Inc (New)                             | Genesee & Wyoming Inc (New) 2024 Term Loan                           | CUSIP: 37156QAZ9<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | LON              | CORP              | US        |    300000 | PA      | $298875.00    | 0.05%             | 2031-04-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                    | Glencore Funding LLC                                                 | CUSIP: 378272BY3<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1118361.70   | 0.20%             | 2028-04-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term Auto Receivables Tr       | GM Financial Consumer Automobile Receivables Trust 2023-4            | CUSIP: 379930AD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1419505 | PA      | $1431631.90   | 0.26%             | 2028-08-16      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT          | CUSIP: 38122ND82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1192474.94   | 0.21%             | 2050-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO1, LTD                 | Goldentree Loan Management US Clo 11 Ltd                             | CUSIP: 38138KAL4<br>LEI: 549300TMEEKUOKVHYV65 | Long             | ABS-CBDO         | CORP              | KY        |   3200000 | PA      | $3199772.80   | 0.57%             | 2034-10-20      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                 | Goldman Sachs Group Inc/The                                          | CUSIP: 38141GZK3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1967772.34   | 0.35%             | 2028-02-24      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                 | Goldman Sachs Group Inc/The                                          | CUSIP: 38141GZT4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    900000 | PA      | $900113.39    | 0.16%             | 2027-06-15      | Fixed         | 4.39%                 | No            |                  2 | On Loan: —       |
| Government National Mortgage Association                | Government National Mortgage Association                             | CUSIP: 38382AYC3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5695708 | PA      | $1108765.24   | 0.20%             | 2049-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                | Government National Mortgage Association                             | CUSIP: 38382NKL0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  12595982 | PA      | $1276008.20   | 0.23%             | 2051-02-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                   | Guatemala Government Bond                                            | CUSIP: 401494AF6<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    460000 | PA      | $456481.00    | 0.08%             | 2028-02-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced Securuties Limited         | HOMES 2024-NQM1 Trust                                                | CUSIP: 40390TAA8<br>LEI: 2549001JI3VOZZFMYK81 | Long             | ABS-MBS          | CORP              | US        |    324942 | PA      | $327534.48    | 0.06%             | 2069-07-25      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| Core & Main LP                                          | Core & Main LP 2024 Term Loan D                                      | CUSIP: 40416VAG0<br>LEI: 549300ZSLF8Q660SCD17 | Long             | LON              | CORP              | US        |    145103 | PA      | $145374.76    | 0.03%             | 2028-07-27      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| HARBOUR ENERGY PLC                                      | Harbour Energy PLC                                                   | CUSIP: 411618AB7<br>LEI: 213800YPC42DYBKVPF97 | Long             | DBT              | CORP              | GB        |   2200000 | PA      | $2186299.28   | 0.39%             | 2026-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HASBRO INC                                              | Hasbro Inc                                                           | CUSIP: 418056BB2<br>LEI: 549300NUB6D2R1ITYR45 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1214650.31   | 0.22%             | 2031-03-12      | Fixed         | 4.65%                 | No            |                  2 | On Loan: —       |
| HESS MIDSTREAM OPERATION                                | Hess Midstream Operations LP                                         | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $255381.29    | 0.05%             | 2029-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                | Hess Midstream Operations LP                                         | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $150962.40    | 0.03%             | 2028-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| Hilcorp Energy I LP                                     | Hilcorp Energy I LP Term Loan B                                      | CUSIP: 431319AH5<br>LEI: 549300ITPIHLG0LHEC09 | Long             | LON              | CORP              | US        |    113143 | PA      | $113213.56    | 0.02%             | 2030-02-11      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Home Re Ltd                                             | Home Re 2026-1 Ltd                                                   | CUSIP: 436956AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | BM        |    293000 | PA      | $292946.06    | 0.05%             | 2036-01-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Home Partners of America Trust                          | Home Partners of America 2021-3 Trust                                | CUSIP: 43730XAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    475750 | PA      | $445573.04    | 0.08%             | 2041-01-17      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced Securuties Limited         | HOMES 2025-NQM1 Trust                                                | CUSIP: 43761DAA8<br>LEI: 254900LUV7YA0N50XT86 | Long             | ABS-MBS          | CORP              | US        |   2438081 | PA      | $2445450.49   | 0.44%             | 2070-01-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                      | Honda Auto Receivables 2023-4 Owner Trust                            | CUSIP: 438123AC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1245965 | PA      | $1256794.20   | 0.23%             | 2028-06-21      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                      | Honda Auto Receivables 2023-3 Owner Trust                            | CUSIP: 43815QAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1126039 | PA      | $1131813.58   | 0.20%             | 2028-02-18      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| HONEYWELL AEROSPACE INC                                 | Honeywell Aerospace Inc                                              | CUSIP: 43849RAE5<br>LEI: 213800ZUAQRBYL67JS90 | Long             | DBT              | CORP              | US        |    720000 | PA      | $712212.85    | 0.13%             | 2031-03-16      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Horizon US Finco LP                                     | Horizon US Finco LP Term Loan B                                      | CUSIP: 44057XAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    147631 | PA      | $138773.09    | 0.02%             | 2031-10-31      | Floating      | 8.52%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                                   | Huntington Bancshares Inc/OH                                         | CUSIP: 446150BC7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1037418.93   | 0.19%             | 2029-08-21      | Fixed         | 6.21%                 | No            |                  2 | On Loan: —       |
| HUNTINGTON NATIONAL BANK                                | Huntington National Bank/The                                         | CUSIP: 44644MAF8<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2400052.54   | 0.43%             | 2028-05-17      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                 | Hyundai Capital America                                              | CUSIP: 44891ACT2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1407795.83   | 0.25%             | 2027-01-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| HYUNDAI CAPITAL AMERICA                                 | Hyundai Capital America                                              | CUSIP: 44891ADP9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    850000 | PA      | $852840.73    | 0.15%             | 2027-03-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                          | Hyundai Auto Receivables Trust 2024-A                                | CUSIP: 448973AD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1007019 | PA      | $1012843.22   | 0.18%             | 2029-02-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                          | Hyundai Auto Receivables Trust 2023-B                                | CUSIP: 44933XAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    475072 | PA      | $477362.94    | 0.09%             | 2028-04-17      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                          | Hyundai Auto Receivables Trust 2025-B                                | CUSIP: 44935XAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3011266 | PA      | $3016712.93   | 0.54%             | 2028-08-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ICON INVESTMENTS SIX DAC                                | Icon Investments Six DAC                                             | CUSIP: 45115AAA2<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |   1700000 | PA      | $1708607.58   | 0.31%             | 2027-05-08      | Fixed         | 5.81%                 | No            |                  2 | On Loan: —       |
| Imperial Fund LLC                                       | Imperial Fund Mortgage Trust 2023-NQM1                               | CUSIP: 45290BAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    503198 | PA      | $501494.10    | 0.09%             | 2068-02-25      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                            | MH Sub I LLC 2024 Term Loan B4                                       | CUSIP: 45567YAP0<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |     98742 | PA      | $66280.26     | 0.01%             | 2031-12-31      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| Indonesia Government International Bonds                | Indonesia Government International Bonds                             | CUSIP: 455780CS3<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    240000 | PA      | $229900.28    | 0.04%             | 2030-10-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Nielsen Consumer Inc                                    | Nielsen Consumer Inc 2025 USD 1st Lien Term Loan                     | CUSIP: 45674PAS3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    148006 | PA      | $146340.88    | 0.03%             | 2030-10-31      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                               | IQVIA Inc                                                            | CUSIP: 46266TAF5<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1039336.00   | 0.19%             | 2029-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| IRON MOUNTAIN INC                                       | Iron Mountain Inc                                                    | CUSIP: 46284VAC5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |   1400000 | PA      | $1397298.00   | 0.25%             | 2027-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                                | JH North America Holdings Inc                                        | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24792.28     | 0.00%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                     | JPMorgan Chase & Co                                                  | CUSIP: 46647PEB8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1013990.54   | 0.18%             | 2030-01-23      | Fixed         | 5.01%                 | No            |                  2 | On Loan: —       |
| JPMORGAN CHASE & CO                                     | JPMorgan Chase & Co                                                  | CUSIP: 46647PFD3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    830000 | PA      | $817035.63    | 0.15%             | 2031-10-22      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| JP Morgan Mortgage Trust                                | J.P. Morgan Mortgage Trust 2021-15                                   | CUSIP: 46654TAF5<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |    589938 | PA      | $527556.45    | 0.09%             | 2052-06-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                | JP Morgan Mortgage Trust 2023-HE2                                    | CUSIP: 46657FAA3<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-O            | CORP              | US        |    163327 | PA      | $163627.66    | 0.03%             | 2054-03-20      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                | JP Morgan Mortgage Trust Series 2024-CES1                            | CUSIP: 46658CAA9<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |    239610 | PA      | $240691.66    | 0.04%             | 2054-06-25      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                | JP Morgan Mortgage Trust Series 2024-HE3                             | CUSIP: 46658JAA4<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-O            | CORP              | US        |    403716 | PA      | $403809.26    | 0.07%             | 2055-02-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                | JP Morgan Mortgage Trust 2025-HE3                                    | CUSIP: 46660CAA5<br>LEI: 529900FDW9QWEZPAFE21 | Long             | ABS-O            | CORP              | US        |    371654 | PA      | $372435.50    | 0.07%             | 2056-03-20      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Jamaica Government International Bonds                  | Jamaica Government International Bonds                               | CUSIP: 470160CA8<br>LEI: 529900Y93KNSXZI8KK56 | Long             | DBT              | NUSS              | JM        |    340000 | PA      | $345950.00    | 0.06%             | 2028-04-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Jane Street Group LLC                                   | Jane Street Group LLC 2024 Term Loan B1                              | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |    194464 | PA      | $191006.42    | 0.03%             | 2031-12-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                                | Jefferson Capital Holdings LLC                                       | CUSIP: 472481AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $734446.30    | 0.13%             | 2029-02-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Juniper Valley Park CLO, Ltd                            | Juniper Valley Park CLO Ltd                                          | CUSIP: 48206KAY2<br>LEI: 213800ACSV8GAJ4CCO70 | Long             | ABS-CBDO         | CORP              | JE        |   1200000 | PA      | $1197405.60   | 0.21%             | 2036-07-20      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                    | Keurig Dr Pepper Inc                                                 | CUSIP: 49271VAN0<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    865000 | PA      | $764064.35    | 0.14%             | 2031-03-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: —       |
| KEDRION SPA                                             | Kedrion SpA                                                          | CUSIP: 49272YAB9<br>LEI: 81560047FA58E1BEDF67 | Long             | DBT              | CORP              | IT        |    500000 | PA      | $482343.21    | 0.09%             | 2029-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Knife River HoldCo                                      | Knife River HoldCo Term Loan                                         | CUSIP: 49889LAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     18909 | PA      | $19019.30     | 0.00%             | 2032-03-08      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                 | Kodiak Gas Services LLC                                              | CUSIP: 50012LAF1<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    105000 | PA      | $105520.00    | 0.02%             | 2031-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KOREA ELECTRIC POWER CO                                 | Korea Electric Power Corp                                            | CUSIP: 500631AX4<br>LEI: 988400QG33WS7JEIV602 | Long             | DBT              | NUSS              | KR        |    800000 | PA      | $800084.96    | 0.14%             | 2026-04-06      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                                     | LCM 34 Ltd                                                           | CUSIP: 50203CAL7<br>LEI: 54930038DJKYPKSVRB29 | Long             | ABS-CBDO         | CORP              | KY        |   1700000 | PA      | $1698007.60   | 0.30%             | 2034-10-20      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| LHOME Mortgage Trust                                    | Lhome Mortgage Trust 2025-Rtl2                                       | CUSIP: 50206RAA5<br>LEI: 529900COAFD3IY51O355 | Long             | ABS-MBS          | CORP              | US        |    185000 | PA      | $185584.34    | 0.03%             | 2040-04-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                | Lloyds Banking Group PLC                                             | CUSIP: 53944YAS2<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   2700000 | PA      | $2682101.62   | 0.48%             | 2028-03-18      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| LLOYDS BANKING GROUP PLC                                | Lloyds Banking Group PLC                                             | CUSIP: 53944YBC6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    960000 | PA      | $968754.12    | 0.17%             | 2028-11-26      | Fixed         | 5.09%                 | No            |                  2 | On Loan: —       |
| MPLX LP                                                 | MPLX LP                                                              | CUSIP: 55336VCA6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1904347.87   | 0.34%             | 2031-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| MPT OPER PARTNERSP/FINL                                 | MPT Operating Partnership LP / MPT Finance Corp                      | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              |  | US        |    850000 | PA      | $791209.78    | 0.14%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| MV Holding GmbH                                         | MV Holding GmbH 2025 USD Term Loan B                                 | CUSIP: 55404TAF9<br>LEI: 549300RKTIVJWNROR778 | Long             | LON              | CORP              | US        |     22502 | PA      | $22585.98     | 0.00%             | 2032-03-17      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                | Madison Park Funding XLV Ltd                                         | CUSIP: 55820BAS6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2492835.00   | 0.45%             | 2034-07-15      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| DISCOVERY HOLDINGS INC                                  | Discovery Global Holdings Inc                                        | CUSIP: 55903VBL6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    278000 | PA      | $274591.72    | 0.05%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Marble Point CLO Ltd.                                   | Marble Point CLO XV Ltd                                              | CUSIP: 56606YAW5<br>LEI: 549300CO8XB55W8SS394 | Long             | ABS-CBDO         | CORP              | KY        |    548323 | PA      | $547902.32    | 0.10%             | 2032-07-23      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                | Mars Inc                                                             | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   2585000 | PA      | $2612204.67   | 0.47%             | 2030-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| MCCORMICK & CO                                          | McCormick & Co Inc/MD                                                | CUSIP: 579780AV9<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |    205000 | PA      | $203010.88    | 0.04%             | 2029-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: —       |
| MLCC Mortgage Investors Inc                             | Merrill Lynch Mortgage Investors Trust Series MLCC 2003-A            | CUSIP: 589929F94<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | ABS-MBS          | CORP              | US        |     20300 | PA      | $18716.87     | 0.00%             | 2028-03-25      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                                | Mill City Mortgage Loan Trust 2018-1                                 | CUSIP: 59980VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     42726 | PA      | $42561.80     | 0.01%             | 2062-05-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                                | Mill City Mortgage Loan Trust 2018-4                                 | CUSIP: 59980YAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    627009 | PA      | $616024.38    | 0.11%             | 2066-04-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC                                 | Millrose Properties Inc                                              | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              |  | US        |    550000 | PA      | $549828.90    | 0.10%             | 2030-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                               | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C32          | CUSIP: 61691GAV2<br>LEI: 549300P1YQ48837ZOI22 | Long             | ABS-MBS          | CORP              | US        |    602000 | PA      | $590086.60    | 0.11%             | 2049-12-15      | Variable      | 3.99%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                          | Morgan Stanley                                                       | CUSIP: 6174467Y9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2200236.72   | 0.39%             | 2026-09-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: —       |
| MORGAN STANLEY                                          | Morgan Stanley                                                       | CUSIP: 61747YER2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2493131.78   | 0.45%             | 2028-04-20      | Fixed         | 4.21%                 | No            |                  2 | On Loan: —       |
| MORGAN STANLEY                                          | Morgan Stanley                                                       | CUSIP: 61747YFK6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1521097.07   | 0.27%             | 2030-01-16      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                          | Morgan Stanley                                                       | CUSIP: 61747YGB5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    495000 | PA      | $491667.13    | 0.09%             | 2032-03-12      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                          | Morgan Stanley                                                       | CUSIP: 61748UAS1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    340000 | PA      | $334284.03    | 0.06%             | 2032-01-16      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                          | Morgan Stanley Capital I Trust 2019-H7                               | CUSIP: 61771MAX8<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |  15099023 | PA      | $500013.21    | 0.09%             | 2052-07-15      | Variable      | 1.22%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                                      | Morocco Government International Bond                                | CUSIP: 617726AN4<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    340000 | PA      | $345440.39    | 0.06%             | 2028-03-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust          | Morgan Stanley Residential Mortgage Loan Trust 2024-NQM1             | CUSIP: 61775UAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    752583 | PA      | $756380.33    | 0.14%             | 2068-12-25      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust          | Morgan Stanley Residential Mortgage Loan Trust 2024-4                | CUSIP: 61777BBQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    446889 | PA      | $447287.37    | 0.08%             | 2054-09-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                               | Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C2          | CUSIP: 61779RBZ3<br>LEI: 549300P1YQ48837ZOI22 | Long             | ABS-MBS          | CORP              | US        |   1135000 | PA      | $1148803.64   | 0.21%             | 2058-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                                  | Motorola Solutions Inc                                               | CUSIP: 620076CA5<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |   1015000 | PA      | $1022061.75   | 0.18%             | 2030-08-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: —       |
| MEDLINE BORROWER LP                                     | Medline Borrower LP                                                  | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   1960000 | PA      | $1896029.13   | 0.34%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                       | NatWest Group PLC                                                    | CUSIP: 639057AC2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   2500000 | PA      | $2484807.43   | 0.45%             | 2027-06-14      | Fixed         | 1.64%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                     | NatWest Markets PLC                                                  | CUSIP: 63906YAS7<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   1010000 | PA      | $996209.81    | 0.18%             | 2030-11-06      | Fixed         | 4.41%                 | No            |                  2 | On Loan: —       |
| NEPTUNE BIDCO US INC                                    | Neptune Bidco US Inc                                                 | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35097.23     | 0.01%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: —       |
| Neuberger Berman CLO Ltd                                | Neuberger Berman Loan Advisers Clo 43 Ltd                            | CUSIP: 64134AAJ1<br>LEI: 549300N83MM16HCONB28 | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $399778.00    | 0.07%             | 2036-07-17      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                                | Neuberger Berman Loan Advisers Clo 50 Ltd                            | CUSIP: 64134VAY2<br>LEI: 549300UMYON6L2REF246 | Long             | ABS-CBDO         | CORP              | JE        |    300000 | PA      | $299294.10    | 0.05%             | 2036-07-23      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                                | Neuberger Berman Loan Advisers Clo 51 Ltd                            | CUSIP: 64135BAW9<br>LEI: 549300E2R8NH2QE50368 | Long             | ABS-CBDO         | CORP              | JE        |   2850000 | PA      | $2849187.75   | 0.51%             | 2036-10-23      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| New Economy Assets Phase 1 Issuer LLC                   | New Economy Assets - Phase 1 Sponsor LLC                             | CUSIP: 643821AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5010000 | PA      | $4205295.80   | 0.75%             | 2061-10-20      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                                 | New York Mortgage Trust 2005-3                                       | CUSIP: 649603AH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15515 | PA      | $15375.32     | 0.00%             | 2036-02-25      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| NEXSTAR BROADCASTING INC                                | NEXSTAR BROADCASTING INC 2026 TERM LOAN B7                           | CUSIP: 65336RBF4<br>LEI: 5493006PK6I4I2OOT688 | Long             | LON              | CORP              | US        |    105000 | PA      | $104090.60    | 0.02%             | 2033-03-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                  | NextEra Energy Capital Holdings Inc                                  | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    460000 | PA      | $462219.22    | 0.08%             | 2027-09-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                     | Nigeria Government International Bond                                | CUSIP: 65412JAU7<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    260000 | PA      | $273252.05    | 0.05%             | 2029-03-24      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner Trust                     | Nissan Auto Receivables 2023-A Owner Trust                           | CUSIP: 65480WAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1187878 | PA      | $1190140.81   | 0.21%             | 2027-11-15      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL                                | Northwestern Mutual Global Funding                                   | CUSIP: 66815L2M0<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1162823.09   | 0.21%             | 2028-06-12      | Fixed         | 4.90%                 | No            |                  2 | On Loan: —       |
| NOVARTIS CAPITAL CORP                                   | Novartis Capital Corp                                                | CUSIP: 66989HAY4<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |   1235000 | PA      | $1221243.01   | 0.22%             | 2030-11-05      | Fixed         | 4.10%                 | No            |                  2 | On Loan: —       |
| NOVARTIS CAPITAL CORP                                   | Novartis Capital Corp                                                | CUSIP: 66989HBG2<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    990000 | PA      | $989787.25    | 0.18%             | 2031-03-18      | Fixed         | 4.40%                 | No            |                  2 | On Loan: —       |
| Onslow Bay Financial LLC                                | OBX 2018-1 Trust                                                     | CUSIP: 67112FAD2<br>LEI: 25490010LUJWFEUCIH44 | Long             | ABS-MBS          | CORP              | US        |    173004 | PA      | $171100.32    | 0.03%             | 2057-06-25      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                | OBX 2024-NQM2 Trust                                                  | CUSIP: 67118HAA8<br>LEI: 254900OHTVKDKZL33I54 | Long             | ABS-MBS          | CORP              | US        |    320408 | PA      | $321478.65    | 0.06%             | 2063-12-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                | OBX 2024-NQM3 Trust                                                  | CUSIP: 67118KAA1<br>LEI: 2549001QDCO9VU0HH514 | Long             | ABS-MBS          | CORP              | US        |    402498 | PA      | $404514.44    | 0.07%             | 2063-12-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                | OBX 2024-NQM4 Trust                                                  | CUSIP: 67118TAA2<br>LEI: 254900LSNFNEGAD7J679 | Long             | ABS-MBS          | CORP              | US        |    248572 | PA      | $249878.35    | 0.04%             | 2064-01-25      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                | OBX 2024-NQM8 Trust                                                  | CUSIP: 67119CAA8<br>LEI: 254900Y1YRD8JNADSC78 | Long             | ABS-MBS          | CORP              | US        |    654766 | PA      | $660237.81    | 0.12%             | 2064-05-25      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust 2021-909                  | NYC Commercial Mortgage Trust 2025-28L                               | CUSIP: 67123JAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    886000 | PA      | $882255.06    | 0.16%             | 2038-11-05      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                | OBX 2024-NQM1 Trust                                                  | CUSIP: 67448LAA0<br>LEI: 254900UI1468MQ7I8472 | Long             | ABS-MBS          | CORP              | US        |    451860 | PA      | $453215.79    | 0.08%             | 2063-11-25      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                | OBX 2021-J3 Trust                                                    | CUSIP: 67448XAD8<br>LEI: 25490010LUJWFEUCIH44 | Long             | ABS-MBS          | CORP              | US        |    231322 | PA      | $207649.69    | 0.04%             | 2051-10-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                | OBX 2023-NQM10 Trust                                                 | CUSIP: 67449CAA9<br>LEI: 254900O44XNRXAW7W466 | Long             | ABS-MBS          | CORP              | US        |   1144219 | PA      | $1151565.07   | 0.21%             | 2063-10-25      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 45, Ltd.                    | Octagon Investment Partners 45 Ltd                                   | CUSIP: 67577MBA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1199054.40   | 0.21%             | 2035-04-15      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| OMNICOM GROUP INC                                       | Omnicom Group Inc                                                    | CUSIP: 681919BV7<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | DBT              | CORP              | US        |    515000 | PA      | $509536.31    | 0.09%             | 2029-03-02      | Fixed         | 4.20%                 | No            |                  2 | On Loan: —       |
| One Bryant Park Trust                                   | One Bryant Park Trust 2019-OBP                                       | CUSIP: 68236JAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    620000 | PA      | $572843.23    | 0.10%             | 2054-09-15      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                               | ONEOK Inc                                                            | CUSIP: 682680CL5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1100260.38   | 0.20%             | 2026-07-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: —       |
| ONEMAIN FINANCE CORP                                    | OneMain Finance Corp                                                 | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    700000 | PA      | $700679.70    | 0.13%             | 2029-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| Ocwen Loan Investment Trust                             | Onity Loan Investment Trust 2025-HB1                                 | CUSIP: 68278EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    308115 | PA      | $301997.36    | 0.05%             | 2038-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Ocwen Loan Investment Trust                             | OLIT 2025-HB2                                                        | CUSIP: 68278FAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    733815 | PA      | $715339.49    | 0.13%             | 2038-11-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                             | Oracle Corp                                                          | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    445000 | PA      | $428838.21    | 0.08%             | 2030-09-26      | Fixed         | 4.45%                 | No            |                  2 | On Loan: —       |
| ORACLE CORP                                             | Oracle Corp                                                          | CUSIP: 68389XDW2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1195000 | PA      | $1179897.27   | 0.21%             | 2029-02-04      | Fixed         | 4.55%                 | No            |                  2 | On Loan: —       |
| ORACLE CORP                                             | Oracle Corp                                                          | CUSIP: 68389XDX0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    665000 | PA      | $650662.51    | 0.12%             | 2031-02-04      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| Oryx Midstream Services Permian Basin LLC               | Oryx Midstream Services Permian Basin LLC 2025 Term Loan B           | CUSIP: 68764JAJ0<br>LEI: 254900YYHRDANYFAHC43 | Long             | LON              | CORP              | US        |    156420 | PA      | $156727.37    | 0.03%             | 2028-10-05      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| OWENS CORNING                                           | Owens Corning                                                        | CUSIP: 690742AN1<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1315453.31   | 0.24%             | 2027-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| PK ALIFT LOAN FUNDING                                   | PK Alift Loan Funding 7 LP                                           | CUSIP: 69291NAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    283045 | PA      | $281646.45    | 0.05%             | 2043-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                  | PNC Financial Services Group Inc/The                                 | CUSIP: 693475BV6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    600000 | PA      | $604103.69    | 0.11%             | 2028-01-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| PSMC Trust                                              | PSMC 2021-3 Trust                                                    | CUSIP: 69376DAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2102954 | PA      | $1902246.22   | 0.34%             | 2051-08-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                             | PRKCM 2024-AFC1 Trust                                                | CUSIP: 69380WAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    206349 | PA      | $207817.08    | 0.04%             | 2059-03-25      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC                    | PRET 2026-NPL3 LLC                                                   | CUSIP: 69383QAA2<br>LEI: 254900YVPXC5UC5GP265 | Long             | ABS-O            | CORP              | US        |   2190253 | PA      | $2172297.37   | 0.39%             | 2056-02-25      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                             | PRKCM 2024-HOME1 Trust                                               | CUSIP: 69391XAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    249224 | PA      | $251461.17    | 0.05%             | 2059-05-25      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                  | Pacific Gas and Electric Co                                          | CUSIP: 694308JM0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1578313.63   | 0.28%             | 2030-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                                    | Paraguay Government International Bond                               | CUSIP: 699149AJ9<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    460000 | PA      | $457930.00    | 0.08%             | 2031-04-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PARTY CITY HOLDCO INC                                   | PARTY CITY HOLDCO INC                                                | CUSIP: 702149204<br>LEI: 549300BUAG9YASF5Q703 | Long             | EC               | CORP              | US        |         8 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Peru Government International Bonds                     | Peru Government International Bonds                                  | CUSIP: 715638DF6<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    590000 | PA      | $537106.50    | 0.10%             | 2031-01-23      | Fixed         | 2.78%                 | No            |                  2 | On Loan: —       |
| PETRONAS CAPITAL LTD                                    | Petronas Capital Ltd                                                 | CUSIP: 716743AV1<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |    455000 | PA      | $465033.10    | 0.08%             | 2031-01-03      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                             | CDX--2I65BYED3--20281220                                             | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              |  | US        |   5000000 | OU      | $83037.58     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                  | Philip Morris International Inc                                      | CUSIP: 718172CZ0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    900000 | PA      | $909207.23    | 0.16%             | 2028-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| Philippines Government International Bonds              | Philippines Government International Bonds                           | CUSIP: 718286AY3<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    380000 | PA      | $445205.09    | 0.08%             | 2030-02-02      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | USD-SOFR-OIS Compound---20300224                                     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  17100000 | OU      | $-290819.07   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | USD-SOFR-OIS Compound- 20270224                                      | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  76500000 | OU      | $265413.28    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | USD-SOFR-OIS Compound---20270826                                     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   7900000 | OU      | $32245.40     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | USD-SOFR-OIS Compound---20350226                                     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2300000 | OU      | $-31615.75    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PK ALIFT LOAN FUNDING                                   | PK Alift Loan Funding 8 LP                                           | CUSIP: 72585CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    427000 | PA      | $421564.33    | 0.08%             | 2043-09-15      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| Playtika Holding Corp                                   | Playtika Holding Corp 2021 Term Loan B1                              | CUSIP: 72814CAF5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | LON              | CORP              | US        |    147277 | PA      | $138550.66    | 0.02%             | 2028-03-13      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| POWER FINANCE CORP LTD                                  | Power Finance Corp Ltd                                               | CUSIP: 73928RAB2<br>LEI: 3358003Q6D9LIJJZ1614 | Long             | DBT              | CORP              | IN        |    360000 | PA      | $347724.65    | 0.06%             | 2030-04-23      | Fixed         | 3.95%                 | Yes           |                  2 | On Loan: No      |
| PROLOGIS TARGETED US                                    | Prologis Targeted US Logistics Fund LP                               | CUSIP: 74350LAA2<br>LEI: 5493004DTBWUQ9F2VJ87 | Long             | DBT              |  | US        |    500000 | PA      | $509477.23    | 0.09%             | 2029-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| Provident Funding Mortgage Trust                        | Provident Funding Mortgage Trust 2021-J1                             | CUSIP: 74387MAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    448388 | PA      | $400185.45    | 0.07%             | 2051-10-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| PERTAMINA HULU ENERGI PT                                | Pertamina Hulu Energi PT                                             | CUSIP: 74448WAA2<br>LEI: 2549003IT1KDHL64C037 | Long             | DBT              | CORP              | ID        |    340000 | PA      | $340824.38    | 0.06%             | 2030-05-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgage Trust                   | PRPM 2026-1 LLC                                                      | CUSIP: 74449BAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    839296 | PA      | $830434.56    | 0.15%             | 2031-02-25      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                   | Quikrete Holdings Inc 2024 Term Loan B2                              | CUSIP: 74839XAK5<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    147359 | PA      | $147342.20    | 0.03%             | 2029-03-19      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                   | Quikrete Holdings Inc 2025 Term Loan B                               | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |     88759 | PA      | $88678.47     | 0.02%             | 2032-02-10      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                | RHP Hotel Properties LP / RHP Finance Corp                           | CUSIP: 749571AG0<br>LEI: N/A                  | Long             | DBT              |  | US        |    600000 | PA      | $581637.62    | 0.10%             | 2029-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| RR Ltd                                                  | RR 14 Ltd                                                            | CUSIP: 74980PAA1<br>LEI: 54930006FTQV76P0VH16 | Long             | ABS-CBDO         | CORP              | KY        |   5382000 | PA      | $5381547.91   | 0.96%             | 2036-04-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| RAIN CARBON INC                                         | Rain Carbon Inc                                                      | CUSIP: 75079LAB7<br>LEI: 25490038N6JQH7QXUK52 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1131733.90   | 0.20%             | 2029-09-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: —       |
| Raising Cane's Restaurants, LLC                         | Raising Cane's Restaurants LLC 2025 Term Loan B                      | CUSIP: 75101XAQ0<br>LEI: 254900V6ADXFWHYOED66 | Long             | LON              | CORP              | US        |    299250 | PA      | $298190.06    | 0.05%             | 2032-11-03      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Rand Parent, LLC                                        | Rand Parent LLC 2025 Term Loan B                                     | CUSIP: 75223LAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    147998 | PA      | $147865.34    | 0.03%             | 2030-03-18      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| Uruguay Government International Bonds                  | Uruguay Government International Bonds                               | CUSIP: 760942BB7<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    580000 | PA      | $580348.00    | 0.10%             | 2027-10-27      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| RAAC Series                                             | RAAC Series 2004-SP1 Trust                                           | CUSIP: 7609855V9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30311 | PA      | $30260.71     | 0.01%             | 2034-03-25      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                                      | RGA Global Funding                                                   | CUSIP: 76209PAE3<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |    500000 | PA      | $512168.27    | 0.09%             | 2029-05-24      | Fixed         | 5.45%                 | No            |                  2 | On Loan: —       |
| RIVERS ENT BORROWER LLC                                 | Rivers Enterprise Borrower LLC                                       | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $329167.15    | 0.06%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| ROYAL BANK OF CANADA                                    | Royal Bank of Canada                                                 | CUSIP: 78017DAM0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1950000 | PA      | $1945661.66   | 0.35%             | 2031-08-06      | Fixed         | 4.70%                 | No            |                  2 | On Loan: —       |
| ROYALTY PHARMA PLC                                      | Royalty Pharma PLC                                                   | CUSIP: 78081BAT0<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    635000 | PA      | $626592.86    | 0.11%             | 2031-03-25      | Fixed         | 4.45%                 | No            |                  2 | On Loan: —       |
| SLM CORP                                                | SLM Corp                                                             | CUSIP: 78442PGF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $294513.87    | 0.05%             | 2030-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SMBC AVIATION CAPITAL FI                                | SMBC Aviation Capital Finance DAC                                    | CUSIP: 78448TAN2<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |   2100000 | PA      | $2117109.90   | 0.38%             | 2030-04-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies Inc                                   | SS&C Technologies Inc 2024 Term Loan B8                              | CUSIP: 78466DBJ2<br>LEI: 549300KY09TR3J12JU49 | Long             | LON              | CORP              | US        |    300000 | PA      | $299410.80    | 0.05%             | 2031-05-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SV RNO PROPERTY OWNER 1                                 | SV RNO Property Owner 1 LLC                                          | CUSIP: 78488XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $118619.11    | 0.02%             | 2031-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Sabey Data Center Issuer LLC                            | Sabey Data Center Issuer LLC                                         | CUSIP: 78520EAK2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1091000 | PA      | $1082472.96   | 0.19%             | 2051-01-20      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| SALESFORCE INC                                          | Salesforce Inc                                                       | CUSIP: 79466LAQ7<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    715000 | PA      | $715184.13    | 0.13%             | 2028-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| SANCHEZ ENERGY CORP                                     | SANCHEZ ENERGY CORP                                                  | CUSIP: 799ESCAH1<br>LEI: 549300SB0HTIM17TVR61 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $120.00       | 0.00%             | 2021-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD                                         | Sands China Ltd                                                      | CUSIP: 80007RAN5<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |   1200000 | PA      | $1171232.64   | 0.21%             | 2027-03-08      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                                | Santander UK Group Holdings PLC                                      | CUSIP: 80281LAQ8<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |   1800000 | PA      | $1788936.59   | 0.32%             | 2027-06-14      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                  | Santander Holdings USA Inc                                           | CUSIP: 80282KBN5<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2737576.95   | 0.49%             | 2029-03-20      | Fixed         | 5.47%                 | No            |                  2 | On Loan: —       |
| Sequoia Mortgage Trust                                  | Sequoia Mortgage Trust 2004-10                                       | CUSIP: 81744FEV5<br>LEI: 549300671OK77JNRLK28 | Long             | ABS-MBS          | CORP              | US        |     72872 | PA      | $69585.37     | 0.01%             | 2034-11-20      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SERBIA                                      | Serbia International Bond                                            | CUSIP: 817477AG7<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    330000 | PA      | $336616.52    | 0.06%             | 2028-05-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SHINHAN BANK                                            | Shinhan Bank Co Ltd                                                  | CUSIP: 82460CAQ7<br>LEI: 5493003P813VL21KG928 | Long             | DBT              | CORP              | KR        |   2500000 | PA      | $2462419.83   | 0.44%             | 2026-10-21      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| SKANDINAVISKA ENSKILDA                                  | Skandinaviska Enskilda Banken AB                                     | CUSIP: 83051B2B4<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |    750000 | PA      | $743680.98    | 0.13%             | 2031-03-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| SOCIETE GENERALE                                        | Societe Generale SA                                                  | CUSIP: 83368RBC5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1500000 | PA      | $1492082.87   | 0.27%             | 2027-06-09      | Fixed         | 1.79%                 | No            |                  2 | On Loan: —       |
| Solstice Advanced Materials Inc                         | Solstice Advanced Materials Inc Term Loan B                          | CUSIP: 83443PAC9<br>LEI: 2138004GZ4H9TW6HK435 | Long             | LON              | CORP              | US        |     90036 | PA      | $90612.77     | 0.02%             | 2032-10-29      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                                     | SOUND POINT CLO XXII LTD                                             | CUSIP: 83611KAW2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    591642 | PA      | $591389.13    | 0.11%             | 2032-01-20      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                                     | Sound Point CLO XXXII Ltd                                            | CUSIP: 83616AAS8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1999138.00   | 0.36%             | 2034-10-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bonds              | CUSIP: 836205AW4<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    580000 | PA      | $579269.11    | 0.10%             | 2027-09-27      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO GAS CAPITAL                                 | Southern Co Gas Capital Corp                                         | CUSIP: 8426EPAJ7<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |    320000 | PA      | $317646.34    | 0.06%             | 2028-09-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| SOUTHERN POWER CO                                       | Southern Power Co                                                    | CUSIP: 843646AX8<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |    315000 | PA      | $310934.09    | 0.06%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| Southwick Park CLO, Ltd.                                | Southwick Park CLO LLC                                               | CUSIP: 846031AU6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1002259 | PA      | $1001580.79   | 0.18%             | 2032-07-20      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                                  | Spirit AeroSystems Inc                                               | CUSIP: 85205TAK6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1440393.12   | 0.26%             | 2028-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: —       |
| Fixed Income Clearing Corp.                             | FIXED INC CLEARING CORP.REPO                                         | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |    100369 | PA      | $100368.89    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds       | Republic of Poland Government International Bonds                    | CUSIP: 857524AF9<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    560000 | PA      | $571913.48    | 0.10%             | 2030-02-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| Station Place Securitization Trust                      | Station Place Securitization Trust Series 2025-1                     | CUSIP: 85772UAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2052000 | PA      | $2053335.85   | 0.37%             | 2026-07-23      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| Station Place Securitization Trust                      | Station Place Securitization Trust Series 2025-3                     | CUSIP: 85779TAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2040000 | PA      | $2037804.96   | 0.37%             | 2026-09-23      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| Station Place Securitization Trust                      | Station Place Securitization Trust Series 2025-7                     | CUSIP: 85779XAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2069000 | PA      | $2068586.20   | 0.37%             | 2026-11-24      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| Stonepeak Nile Parent LLC                               | Stonepeak Nile Parent LLC 2025 Term Loan B                           | CUSIP: 86184XAD6<br>LEI: 254900TJV3VAFZD0GU41 | Long             | LON              | CORP              | US        |    300000 | PA      | $299791.80    | 0.05%             | 2032-04-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                      | Energy Transfer LP                                                   | CUSIP: 86765BAT6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1198633.30   | 0.21%             | 2026-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                               | Sunoco LP                                                            | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    700000 | PA      | $718030.60    | 0.13%             | 2029-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| Symphony CLO Ltd                                        | Symphony CLO XXIII Ltd                                               | CUSIP: 87167NDL6<br>LEI: 54930001DQI1CFLYVB48 | Long             | ABS-CBDO         | CORP              | KY        |    725464 | PA      | $725183.94    | 0.13%             | 2034-01-15      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                                       | Sysco Corp                                                           | CUSIP: 871829BS5<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1130991.59   | 0.20%             | 2029-01-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| TCW Gem Ltd                                             | TCW CLO 2020-1 Ltd                                                   | CUSIP: 87190CBG4<br>LEI: 549300BD6SSD2EBMCC95 | Long             | ABS-CBDO         | CORP              | KY        |   1700000 | PA      | $1697477.20   | 0.30%             | 2034-04-20      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| TCI-Flatiron CLO Ltd                                    | TCI-Flatiron Clo 2018-1 Ltd                                          | CUSIP: 87232CAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2126546 | PA      | $2124904.47   | 0.38%             | 2035-07-29      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                        | T-Mobile USA Inc                                                     | CUSIP: 87264ACZ6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3031171.65   | 0.54%             | 2028-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| TARGA RESOURCES CORP                                    | Targa Resources Corp                                                 | CUSIP: 87612GAT8<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    280000 | PA      | $274108.34    | 0.05%             | 2031-04-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL INDU                                | Teva Pharmaceutical Finance Netherlands III BV                       | CUSIP: 88167AAP6<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    303000 | PA      | $302302.92    | 0.05%             | 2027-05-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| Tesla Electric Vehicle Trust                            | Tesla Electric Vehicle Trust 2023-1                                  | CUSIP: 881943AD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1230112 | PA      | $1238638.30   | 0.22%             | 2028-06-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TOLL BROS FINANCE CORP                                  | Toll Brothers Finance Corp                                           | CUSIP: 88947EAT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1493566.28   | 0.27%             | 2028-02-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: —       |
| Toorak Mortgage Corp.                                   | Toorak Mortgage Trust 2025-RRTL1                                     | CUSIP: 89053JAB3<br>LEI: 25490023B58UP9CM5N96 | Long             | ABS-MBS          | CORP              | US        |    270000 | PA      | $270951.32    | 0.05%             | 2040-02-25      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| TOUCAN FINCO LTD/CAN/US                                 | Toucan FinCo Ltd/Toucan FinCo Can Inc/Toucan FinCo US LLC            | CUSIP: 89157UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    200000 | PA      | $176625.84    | 0.03%             | 2030-05-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: —       |
| Towd Point Mortgage Trust                               | Towd Point Mortgage Trust 2018-3                                     | CUSIP: 89175MAA1<br>LEI: 25490010CSYSAQU59J50 | Long             | ABS-MBS          | CORP              | US        |   1092782 | PA      | $1071871.60   | 0.19%             | 2058-05-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                               | Towd Point Mortgage Trust 2018-4                                     | CUSIP: 89175TAA6<br>LEI: 25490010CSYSAQU59J50 | Long             | ABS-MBS          | CORP              | US        |   1045236 | PA      | $988873.30    | 0.18%             | 2058-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                               | Towd Point Mortgage Trust 2019-1                                     | CUSIP: 89177BAA3<br>LEI: 25490010CSYSAQU59J50 | Long             | ABS-MBS          | CORP              | US        |    236418 | PA      | $229180.31    | 0.04%             | 2058-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                               | Towd Point Mortgage Trust 2024-CES1                                  | CUSIP: 89183CAA3<br>LEI: 25490010CSYSAQU59J50 | Long             | ABS-MBS          | CORP              | US        |    514670 | PA      | $515519.57    | 0.09%             | 2064-01-25      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                     | Toyota Auto Receivables 2024-B Owner Trust                           | CUSIP: 89237NAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2258827 | PA      | $2278682.93   | 0.41%             | 2029-01-16      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                     | Toyota Auto Receivables 2024-A Owner Trust                           | CUSIP: 89238DAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1581797 | PA      | $1588622.73   | 0.28%             | 2028-10-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                           | TransDigm Inc 2025 Term Loan K                                       | CUSIP: 89364MCF9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    298999 | PA      | $299240.04    | 0.05%             | 2030-03-22      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNTNL LTD                                | Transocean International Ltd                                         | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    280000 | PA      | $291254.04    | 0.05%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                        | Trinitas CLO XII Ltd                                                 | CUSIP: 89641GAY8<br>LEI: 254900G1XMKSN9WBVL66 | Long             | ABS-CBDO         | CORP              | KY        |    783310 | PA      | $782689.52    | 0.14%             | 2033-04-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Primo Brands Corporation                                | Primo Brands Corporation 2025 Term Loan B                            | CUSIP: 89678QAD8<br>LEI: 254900J0WS4AXV2LAX55 | Long             | LON              | CORP              | US        |    104254 | PA      | $104425.85    | 0.02%             | 2028-03-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                   | Truist Financial Corp                                                | CUSIP: 89788MAR3<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2047117.96   | 0.37%             | 2030-01-24      | Fixed         | 5.43%                 | No            |                  2 | On Loan: —       |
| Truist Bank Auto Credit-Linked Notes                    | Truist Bank Auto Credit-Linked Notes Series 2025-1                   | CUSIP: 897926CB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    697286 | PA      | $697075.90    | 0.12%             | 2033-09-26      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                            | UBS Group AG                                                         | CUSIP: 902613BB3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1200000 | PA      | $1199988.26   | 0.21%             | 2026-04-17      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| TKO Worldwide Holdings LLC                              | TKO Worldwide Holdings LLC 2025 Term Loan                            | CUSIP: 90266UAL7<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | US        |    254128 | PA      | $254274.03    | 0.05%             | 2031-11-21      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| UGI Energy Services LLC                                 | UGI Energy Services LLC 2024 Term Loan B                             | CUSIP: 90276DAE9<br>LEI: 5493001O7RUKEUP5XR11 | Long             | LON              | CORP              | US        |    165591 | PA      | $165979.02    | 0.03%             | 2030-02-22      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                           | UBS Commercial Mortgage Trust 2019-C16                               | CUSIP: 90276YAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    894000 | PA      | $874816.46    | 0.16%             | 2052-04-15      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                     | United Airlines Inc                                                  | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    335000 | PA      | $328676.51    | 0.06%             | 2029-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: —       |
| UNITED AIRLINES INC                                     | United Airlines Inc 2026 Term Loan B                                 | CUSIP: 90932RAQ7<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | LON              | CORP              | US        |    297124 | PA      | $297031.73    | 0.05%             | 2031-02-22      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                   | Mexico Government International Bonds                                | CUSIP: 91087BAC4<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    230000 | PA      | $229770.00    | 0.04%             | 2027-03-28      | Fixed         | 4.15%                 | No            |                  2 | On Loan: —       |
| United States Treasury                                  | U.S. Treasury Notes                                                  | CUSIP: 9128284V9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1300000 | PA      | $1272578.13   | 0.23%             | 2028-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                                  | CUSIP: 912828U24<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1978368.74   | 0.35%             | 2026-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                                  | CUSIP: 91282CAH4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2800000 | PA      | $2672140.63   | 0.48%             | 2027-08-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Inflation-Indexed Notes                                | CUSIP: 91282CCA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8804639 | PA      | $8810251.43   | 1.58%             | 2026-04-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: —       |
| United States Treasury                                  | U.S. Treasury Notes                                                  | CUSIP: 91282CCW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1975312.50   | 0.35%             | 2026-08-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                                  | CUSIP: 91282CFT3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18100000 | PA      | $18172117.28  | 3.26%             | 2029-10-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                                  | CUSIP: 91282CHZ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13400000 | PA      | $13780539.10  | 2.47%             | 2030-09-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                                  | CUSIP: 91282CJR3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2800000 | PA      | $2794421.87   | 0.50%             | 2028-12-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                                  | CUSIP: 91282CKP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22600000 | PA      | $23112031.25  | 4.14%             | 2029-04-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury STRIPS Coupon                                          | CUSIP: 912833QB9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14400000 | PA      | $13537093.68  | 2.43%             | 2027-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: —       |
| PG Investment Company 59 Sa rl                          | PG Investment Company 59 Sa rl Term Loan B                           | CUSIP: 91728NAB5<br>LEI: 254900XMCCB3IEZ2A005 | Long             | LON              | CORP              | LU        |     82554 | PA      | $82679.95     | 0.01%             | 2031-03-26      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                                    | Republic of Uzbekistan International Bond                            | CUSIP: 91822QVX2<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    320000 | PA      | $334548.79    | 0.06%             | 2028-10-12      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| VCAT Asset Securitization, LLC                          | VCAT 2026-NPL1 LLC                                                   | CUSIP: 91825GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    327285 | PA      | $325454.08    | 0.06%             | 2056-01-25      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| VRTX Trust                                              | VRTX Trust 2025-HQ                                                   | CUSIP: 91835XAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    509000 | PA      | $509300.06    | 0.09%             | 2042-08-05      | Variable      | 4.93%                 | No            |                  2 | On Loan: No      |
| VCAT Asset Securitization, LLC                          | VCAT 2026-NPL2 LLC                                                   | CUSIP: 921968AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1725226 | PA      | $1717456.32   | 0.31%             | 2056-02-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                          | Var Energi ASA                                                       | CUSIP: 92212WAD2<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |   1400000 | PA      | $1464502.83   | 0.26%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                         | Venture 41 Clo Ltd                                                   | CUSIP: 92326JAW2<br>LEI: 549300Q6VG2813TG2830 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2500140.00   | 0.45%             | 2034-01-20      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                  | Venture Global LNG Inc                                               | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    600000 | PA      | $613632.60    | 0.11%             | 2028-06-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: —       |
| Verus Securitization Trust                              | Verus Securitization Trust 2024-2                                    | CUSIP: 92539UAA8<br>LEI: 213800KSJFZ5H8FZ7C61 | Long             | ABS-MBS          | CORP              | US        |    136036 | PA      | $136745.75    | 0.02%             | 2069-02-25      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                              | Verus Securitization Trust 2023-6                                    | CUSIP: 92539XAA2<br>LEI: 984500915DDB7T2ACA27 | Long             | ABS-MBS          | CORP              | US        |    119361 | PA      | $119832.15    | 0.02%             | 2068-09-25      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                              | Verus Securitization Trust 2023-INV3                                 | CUSIP: 92540CAA5<br>LEI: 9845008F97BFO762AF95 | Long             | ABS-MBS          | CORP              | US        |    431011 | PA      | $434360.13    | 0.08%             | 2068-11-25      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                              | Verus Securitization Trust 2024-4                                    | CUSIP: 92540GAA6<br>LEI: 213800WNY873LW1L3M73 | Long             | ABS-MBS          | CORP              | US        |    411611 | PA      | $414928.61    | 0.07%             | 2069-06-25      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                              | Verus Securitization Trust 2024-3                                    | CUSIP: 92540MAA3<br>LEI: 2138005NRONUFED1TZ38 | Long             | ABS-MBS          | CORP              | US        |    771279 | PA      | $777563.06    | 0.14%             | 2069-04-25      | Variable      | 6.34%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                                  | VICI Properties LP / VICI Note Co Inc                                | CUSIP: 92564RAD7<br>LEI: N/A                  | Long             | DBT              |  | US        |   1500000 | PA      | $1488578.60   | 0.27%             | 2027-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY PARTNERS LL                                | Viper Energy Partners LLC                                            | CUSIP: 92764MAA2<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |    244000 | PA      | $243838.96    | 0.04%             | 2030-08-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: —       |
| VISTRA OPERATIONS CO LLC                                | Vistra Operations Co LLC                                             | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1171647.76   | 0.21%             | 2029-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| VISTRA OPERATIONS CO LLC                                | Vistra Operations Co LLC                                             | CUSIP: 92840VAY8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    370000 | PA      | $364042.78    | 0.07%             | 2031-01-31      | Fixed         | 4.70%                 | No            |                  2 | On Loan: —       |
| WAMU Mortgage Pass-Through Certificates                 | WaMu Mortgage Pass-Through Certificates Series 2005-AR6 Trust        | CUSIP: 92922FJ25<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    291171 | PA      | $284214.02    | 0.05%             | 2045-04-25      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW HOLDCO 2 ORDINARY A SHARES                          | NEW HOLDCO 2 ORDINARY A SHARES                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   8217950 | NS      | $8.22         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| General Nutrition Centers Inc                           | General Nutrition Centers Inc 2020 2nd Lien Term Loan                | CUSIP: 36260UAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    237932 | PA      | $185586.78    | 0.03%             | 2026-10-07      | Floating      | 9.77%                 | No            |                  2 | On Loan: No      |
| SA LTD ESRW ZAR                                         | SA LTD ESRW ZAR                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     40457 | NS      | $630.34       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Wellfleet CLO Ltd                                       | Wellfleet CLO 2021-3 Ltd                                             | CUSIP: 94951JAJ9<br>LEI: 254900E0WT1R93N8OQ24 | Long             | ABS-CBDO         | CORP              | KY        |   2900000 | PA      | $2894768.40   | 0.52%             | 2035-01-15      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                   | Wells Fargo & Co                                                     | CUSIP: 94974BFY1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2999526.27   | 0.54%             | 2026-06-03      | Fixed         | 4.10%                 | No            |                  2 | On Loan: —       |
| Wells Fargo Commercial Mortgage Trust                   | Wells Fargo Commercial Mortgage Trust 2015-C31                       | CUSIP: 94989WAZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10962 | PA      | $10769.65     | 0.00%             | 2048-11-15      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                   | Wells Fargo Commercial Mortgage Trust 2016-NXS6                      | CUSIP: 95000KBB0<br>LEI: 549300CFP9NBBMZH1008 | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $597315.60    | 0.11%             | 2049-11-15      | Fixed         | 2.92%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                   | Wells Fargo & Co                                                     | CUSIP: 95000U3G6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    900000 | PA      | $937343.91    | 0.17%             | 2029-10-23      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                   | Wells Fargo & Co                                                     | CUSIP: 95000U3J0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    800000 | PA      | $812540.12    | 0.15%             | 2030-01-23      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                   | Wells Fargo Commercial Mortgage Trust 2018-C46                       | CUSIP: 95001QAX9<br>LEI: 549300PX4QZK7CUM8D08 | Long             | ABS-MBS          | CORP              | US        |    433000 | PA      | $425556.56    | 0.08%             | 2051-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                   | Wells Fargo Commercial Mortgage Trust 2019-C53                       | CUSIP: 95002BAF0<br>LEI: 549300PX4QZK7CUM8D08 | Long             | ABS-MBS          | CORP              | US        |  14818646 | PA      | $436380.96    | 0.08%             | 2052-10-15      | Variable      | 1.02%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                  | WESCO Distribution Inc                                               | CUSIP: 95081QAQ7<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1119699.90   | 0.20%             | 2029-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| WULF COMPUTE LLC                                        | WULF Compute LLC                                                     | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $169068.80    | 0.03%             | 2030-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| XCEL ENERGY INC                                         | Xcel Energy Inc                                                      | CUSIP: 98389BAY6<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $954831.99    | 0.17%             | 2030-06-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: —       |
| Adeia Inc                                               | Adeia Inc 2025 Repriced Term Loan                                    | CUSIP: 98422BAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    265348 | PA      | $265347.76    | 0.05%             | 2028-06-08      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Zekelman Industries Inc                                 | Zekelman Industries Inc 2024 Term Loan B                             | CUSIP: 98931YAD5<br>LEI: 549300S5LMRAKDWWI425 | Long             | LON              | CORP              | US        |    135708 | PA      | $136083.26    | 0.02%             | 2031-01-24      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                 | Romanian Government International Bond                               | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    500000 | PA      | $565492.88    | 0.10%             | 2028-05-26      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| K2016470260 SA LTD                                      | K2016470260 South Africa Ltd                                         | CUSIP: 000000000<br>LEI: 3789003E1C22310B3356 | Long             | DBT              | CORP              | ZA        |    313720 | PA      | $0.00         | 0.00%             | 2022-12-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| K2016470219 SA LTD                                      | K2016470219 South Africa Ltd                                         | CUSIP: 000000000<br>LEI: 378900DECAC8CFA88345 | Long             | DBT              | CORP              | ZA        |    712186 | PA      | $0.01         | 0.00%             | 2022-12-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| KazMunayGas National Co. JSC                            | KazMunayGas National Co. JSC                                         | CUSIP: 000000000<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |    460000 | PA      | $464386.18    | 0.08%             | 2030-04-24      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF MONTENEGRO                                  | Montenegro Government International Bond                             | CUSIP: 000000000<br>LEI: 747800V014106FYLL014 | Long             | DBT              | NUSS              | ME        |    250000 | PA      | $270084.05    | 0.05%             | 2029-10-03      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bonds                  | Hungary Government International Bonds                               | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    450000 | PA      | $450531.23    | 0.08%             | 2029-06-16      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                    | Colombia Government International Bond                               | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    120000 | PA      | $134026.38    | 0.02%             | 2030-11-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NORTH MACEDONIA                                         | North Macedonia Government International Bond                        | CUSIP: 000000000<br>LEI: 635400RD1N6RVNCE4958 | Long             | DBT              | NUSS              | MK        |    180000 | PA      | $199916.17    | 0.04%             | 2030-01-21      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | US 10YR NOTE (CBT)JUN26                                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -22 | NC      | $47878.05     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                  | US 5YR NOTE (CBT) JUN26                                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       109 | NC      | $-172106.53   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                  | US 2YR NOTE (CBT) JUN26                                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       447 | NC      | $-677896.07   | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                  | US 10YR ULTRA FUT JUN26                                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -5 | NC      | $12805.95     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DK Crown Holdings Inc                                   | DK Crown Holdings Inc 2025 Term Loan B                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    300000 | PA      | $300080.40    | 0.05%             | 2032-03-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Owens-Illinois Inc                                      | Owens-Illinois Inc 2025 Term Loan B                                  | CUSIP: 000000000<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | LON              | CORP              | US        |    123331 | PA      | $122174.67    | 0.02%             | 2032-09-30      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| WESTJET LOYALTY LP                                      | WestJet Loyalty LP 2026 Term Loan B                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |     85961 | PA      | $83735.33     | 0.02%             | 2031-02-26      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| BIOMARIN PHARMACEUTICAL INC                             | BIOMARIN PHARMACEUTICAL INC TERM LOAN B                              | CUSIP: 000000000<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | LON              | CORP              | US        |    300000 | PA      | $299812.50    | 0.05%             | 2033-01-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VSE CORP                                                | VSE CORP TERM LOAN B                                                 | CUSIP: 000000000<br>LEI: 549300QWJYQDH4U5XI15 | Long             | LON              | CORP              | US        |     41171 | PA      | $41171.10     | 0.01%             | 2033-03-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PRIMO BRANDS CORPORATION                                | PRIMO BRANDS CORPORATION 2026 TERM LOAN B                            | CUSIP: 89678QAF3<br>LEI: 254900J0WS4AXV2LAX55 | Long             | LON              | CORP              | US        |     62422 | PA      | $62585.60     | 0.01%             | 2031-03-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| 1011778 BC Unlimited Liability Company                  | 1011778 BC Unlimited Liability Company 2024 Term Loan B6             | CUSIP: 000000000<br>LEI: 549300RHSHNRWI5LLA86 | Long             | LON              | CORP              | CA        |     93435 | PA      | $93341.88     | 0.02%             | 2030-09-20      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                       | Clarios Global LP 2025 USD Term Loan B                               | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |    109430 | PA      | $109293.60    | 0.02%             | 2032-01-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Banijay Entertainment SAS                               | Banijay Entertainment SAS 2025 USD Term Loan B3                      | CUSIP: 000000000<br>LEI: 5493008PW5N0VVCH7279 | Long             | LON              | CORP              | US        |         6 | PA      | $5.59         | 0.00%             | 2028-03-01      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| AS Mileage Plan IP Limited                              | AS Mileage Plan IP Limited 2025 Repriced Term Loan B                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |    135235 | PA      | $134897.26    | 0.02%             | 2031-10-15      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Froneri Lux Finco Sarl                                  | Froneri Lux Finco Sarl 2024 USD Term Loan B4                         | CUSIP: 000000000<br>LEI: 9845005YBZ75E5AA3B94 | Long             | LON              | CORP              | US        |    131743 | PA      | $129376.10    | 0.02%             | 2031-09-30      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| INEOS Quattro Holdings UK Ltd                           | INEOS Quattro Holdings UK Ltd 2023 USD 1st Lien Term Loan B          | CUSIP: 000000000<br>LEI: 213800HKSMBSJQ32CA45 | Long             | LON              | CORP              | US        |    138281 | PA      | $107513.27    | 0.02%             | 2029-04-02      | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                 | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    250000 | PA      | $255006.88    | 0.05%             | 2029-03-01      | Fixed         | 7.60%                 | Yes           |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                               | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    320000 | PA      | $333344.65    | 0.06%             | 2027-09-24      | Fixed         | 8.60%                 | No            |                  2 | On Loan: No      |
| Cimpress Public Limited Company                         | Cimpress Public Limited Company 2024 Term Loan B                     | CUSIP: 000000000<br>LEI: 549300X1IFD75XISOR81 | Long             | LON              | CORP              | IE        |    148120 | PA      | $148120.30    | 0.03%             | 2028-05-17      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Flutter Financing BV                                    | Flutter Financing BV 2024 Term Loan B                                | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |     97607 | PA      | $96752.75     | 0.02%             | 2030-11-30      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Peer Holding III BV                                     | Peer Holding III BV 2025 USD Term Loan B5B                           | CUSIP: 000000000<br>LEI: 7245002S0K5Q59JCVQ03 | Long             | LON              | CORP              | NL        |    176577 | PA      | $176724.32    | 0.03%             | 2031-07-01      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                 | El Salvador Government International Bond                            | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    250000 | PA      | $260060.00    | 0.05%             | 2029-02-28      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Corp. Nacional del Cobre de Chile                       | Corp. Nacional del Cobre de Chile                                    | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    250000 | PA      | $234623.18    | 0.04%             | 2029-09-30      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                               | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    200000 | PA      | $200930.00    | 0.04%             | 2027-01-25      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                               | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    270000 | PA      | $271836.00    | 0.05%             | 2028-07-19      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| IVORY COAST                                             | Ivory Coast Government International Bond                            | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    400200 | PA      | $402619.46    | 0.07%             | 2028-03-03      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Brighthouse Funds Trust I

**Signature:** Alan Otis

**Name of Signer:** Alan Otis

**Title:** Treasurer