Table of Contents
Brighthouse Funds Trust I
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Schedule of Investments |
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September 30, 2023 |
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Table of Contents
Brighthouse Funds Trust I
Schedule of Investments as of September 30, 2023 | ||
BHFTI-1 | ||
BHFTI-28 | ||
BHFTI-44 | ||
BHFTI-48 | ||
BHFTI-49 | ||
BHFTI-50 | ||
BHFTI-51 | ||
BHFTI-52 | ||
BHFTI-57 | ||
BHFTI-86 | ||
BHFTI-87 | ||
BHFTI-91 | ||
BHFTI-97 | ||
BHFTI-101 | ||
BHFTI-104 | ||
BHFTI-117 | ||
BHFTI-130 | ||
BHFTI-134 | ||
BHFTI-140 | ||
BHFTI-144 | ||
BHFTI-147 | ||
BHFTI-151 | ||
BHFTI-155 | ||
BHFTI-158 | ||
BHFTI-163 | ||
BHFTI-182 | ||
BHFTI-207 | ||
BHFTI-214 | ||
BHFTI-228 | ||
BHFTI-231 | ||
BHFTI-233 | ||
BHFTI-238 | ||
BHFTI-242 | ||
BHFTI-256 | ||
BHFTI-269 | ||
BHFTI-291 | ||
BHFTI-309 | ||
BHFTI-319 | ||
BHFTI-322 | ||
BHFTI-325 | ||
BHFTI-329 | ||
BHFTI-335 | ||
BHFTI-345 | ||
BHFTI-349 |
Not all Portfolios are available under every product.
Refer to your prospectus for information on the Portfolios that are available.
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks56.0% of Net Assets
Security Description | Shares | Value | ||||||
Aerospace & Defense0.8% | ||||||||
Airbus SE |
27,074 | $ | 3,622,025 | |||||
Axon Enterprise, Inc. (a) |
1,229 | 244,559 | ||||||
BAE Systems PLC |
139,222 | 1,689,997 | ||||||
Boeing Co. (a) |
9,917 | 1,900,891 | ||||||
Dassault Aviation SA |
943 | 177,374 | ||||||
Elbit Systems Ltd. |
1,226 | 243,660 | ||||||
General Dynamics Corp. |
3,964 | 875,925 | ||||||
Howmet Aerospace, Inc. |
6,849 | 316,766 | ||||||
Huntington Ingalls Industries, Inc. |
697 | 142,592 | ||||||
Kongsberg Gruppen ASA |
4,038 | 166,286 | ||||||
L3Harris Technologies, Inc. |
3,308 | 575,989 | ||||||
Lockheed Martin Corp. |
3,920 | 1,603,123 | ||||||
Melrose Industries PLC |
61,723 | 351,766 | ||||||
MTU Aero Engines AG |
2,459 | 446,768 | ||||||
Northrop Grumman Corp. |
2,487 | 1,094,753 | ||||||
Rheinmetall AG |
1,995 | 514,356 | ||||||
Rolls-Royce Holdings PLC (a) |
384,402 | 1,030,451 | ||||||
RTX Corp. |
25,456 | 1,832,068 | ||||||
Saab AB - Class B |
3,716 | 188,968 | ||||||
Safran SA |
15,611 | 2,440,842 | ||||||
Singapore Technologies Engineering Ltd. |
71,277 | 203,648 | ||||||
Textron, Inc. |
3,464 | 270,677 | ||||||
Thales SA |
4,801 | 673,644 | ||||||
TransDigm Group, Inc. (a) |
965 | 813,620 | ||||||
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21,420,748 | ||||||||
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Air Freight & Logistics0.3% | ||||||||
C.H. Robinson Worldwide, Inc. (b) |
2,036 | 175,361 | ||||||
Deutsche Post AG |
45,272 | 1,845,128 | ||||||
DSV AS |
8,502 | 1,585,040 | ||||||
Expeditors International of Washington, Inc. (b) |
2,587 | 296,548 | ||||||
FedEx Corp. |
4,047 | 1,072,131 | ||||||
Nippon Express Holdings, Inc. |
3,374 | 176,045 | ||||||
SG Holdings Co. Ltd. |
14,475 | 185,387 | ||||||
United Parcel Service, Inc. - Class B |
12,650 | 1,971,755 | ||||||
Yamato Holdings Co. Ltd. |
12,143 | 197,732 | ||||||
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7,505,127 | ||||||||
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Automobile Components0.2% | ||||||||
Aisin Corp. |
6,827 | 257,859 | ||||||
Aptiv PLC (a) |
4,946 | 487,626 | ||||||
BorgWarner, Inc. |
4,111 | 165,961 | ||||||
Bridgestone Corp. |
26,077 | 1,016,372 | ||||||
Cie Generale des Etablissements Michelin SCA |
30,984 | 949,653 | ||||||
Continental AG |
5,065 | 357,853 | ||||||
Denso Corp. |
79,172 | 1,270,683 | ||||||
Koito Manufacturing Co. Ltd. |
9,485 | 143,074 | ||||||
Sumitomo Electric Industries Ltd. |
32,634 | 392,990 | ||||||
Valeo |
9,378 | 160,652 | ||||||
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5,202,723 | ||||||||
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Automobiles1.4% | ||||||||
Bayerische Motoren Werke (BMW) AG |
13,747 | 1,400,262 | ||||||
Ferrari NV |
5,757 | 1,696,680 | ||||||
Ford Motor Co. |
68,757 | 853,962 | ||||||
General Motors Co. |
24,064 | 793,390 | ||||||
Automobiles(Continued) | ||||||||
Honda Motor Co. Ltd. |
210,963 | $ | 2,372,120 | |||||
Isuzu Motors Ltd. |
26,630 | 334,705 | ||||||
Mazda Motor Corp. |
25,705 | 291,436 | ||||||
Mercedes-Benz Group AG |
36,646 | 2,552,471 | ||||||
Nissan Motor Co. Ltd. |
106,021 | 467,660 | ||||||
Renault SA |
8,754 | 358,433 | ||||||
Stellantis NV (Milan-Traded Shares) |
101,044 | 1,938,107 | ||||||
Subaru Corp. |
28,103 | 545,919 | ||||||
Suzuki Motor Corp. |
16,824 | 676,583 | ||||||
Tesla, Inc. (a) |
48,295 | 12,084,375 | ||||||
Toyota Motor Corp. |
484,334 | 8,703,124 | ||||||
Volkswagen AG (b) |
1,368 | 180,292 | ||||||
Volvo Car AB - Class B (a) |
26,289 | 106,237 | ||||||
Yamaha Motor Co. Ltd. |
13,537 | 355,680 | ||||||
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35,711,436 | ||||||||
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Banks3.4% | ||||||||
ABN AMRO Bank NV (GDR) |
18,477 | 261,630 | ||||||
AIB Group PLC |
65,781 | 296,223 | ||||||
ANZ Group Holdings Ltd. |
137,256 | 2,258,233 | ||||||
Banco Bilbao Vizcaya Argentaria SA |
271,966 | 2,214,493 | ||||||
Banco Santander SA |
739,153 | 2,806,839 | ||||||
Bank Hapoalim BM |
58,021 | 515,894 | ||||||
Bank Leumi Le-Israel BM |
69,788 | 577,039 | ||||||
Bank of America Corp. |
120,911 | 3,310,543 | ||||||
Bank of Ireland Group PLC |
48,035 | 471,685 | ||||||
Banque Cantonale Vaudoise |
1,382 | 144,981 | ||||||
Barclays PLC |
710,454 | 1,375,996 | ||||||
BNP Paribas SA |
47,918 | 3,050,601 | ||||||
BOC Hong Kong Holdings Ltd. |
168,954 | 460,707 | ||||||
CaixaBank SA |
188,448 | 753,767 | ||||||
Chiba Bank Ltd. |
24,209 | 175,609 | ||||||
Citigroup, Inc. |
33,679 | 1,385,217 | ||||||
Citizens Financial Group, Inc. |
8,260 | 221,368 | ||||||
Comerica, Inc. |
2,305 | 95,773 | ||||||
Commerzbank AG |
48,617 | 554,662 | ||||||
Commonwealth Bank of Australia |
76,553 | 4,877,847 | ||||||
Concordia Financial Group Ltd. |
48,405 | 219,991 | ||||||
Credit Agricole SA |
55,279 | 680,239 | ||||||
Danske Bank AS |
31,502 | 733,771 | ||||||
DBS Group Holdings Ltd. |
82,708 | 2,030,853 | ||||||
DNB Bank ASA |
42,304 | 852,061 | ||||||
Erste Group Bank AG |
15,768 | 544,708 | ||||||
Fifth Third Bancorp |
11,908 | 301,630 | ||||||
FinecoBank Banca Fineco SpA |
27,888 | 338,593 | ||||||
Hang Seng Bank Ltd. |
34,584 | 429,617 | ||||||
HSBC Holdings PLC |
902,486 | 7,070,103 | ||||||
Huntington Bancshares, Inc. |
25,323 | 263,359 | ||||||
ING Groep NV - Series N |
165,308 | 2,183,756 | ||||||
Intesa Sanpaolo SpA |
709,751 | 1,823,916 | ||||||
Israel Discount Bank Ltd. - Class A |
55,919 | 301,852 | ||||||
Japan Post Bank Co. Ltd. |
65,614 | 570,061 | ||||||
JPMorgan Chase & Co. |
50,826 | 7,370,787 | ||||||
KBC Group NV |
11,432 | 712,756 | ||||||
KeyCorp |
16,369 | 176,130 | ||||||
Lloyds Banking Group PLC |
2,941,311 | 1,583,794 |
BHFTI-1
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Banks(Continued) | ||||||||
M&T Bank Corp. |
2,901 | $ | 366,831 | |||||
Mediobanca Banca di Credito Finanziario SpA |
24,954 | 330,289 | ||||||
Mitsubishi UFJ Financial Group, Inc. |
521,519 | 4,423,493 | ||||||
Mizrahi Tefahot Bank Ltd. |
7,108 | 257,303 | ||||||
Mizuho Financial Group, Inc. |
110,172 | 1,866,140 | ||||||
National Australia Bank Ltd. |
143,386 | 2,676,724 | ||||||
NatWest Group PLC |
265,452 | 759,551 | ||||||
Nordea Bank Abp |
147,127 | 1,616,753 | ||||||
Oversea-Chinese Banking Corp. Ltd. |
154,588 | 1,443,768 | ||||||
PNC Financial Services Group, Inc. |
6,965 | 855,093 | ||||||
Regions Financial Corp. |
16,412 | 282,286 | ||||||
Resona Holdings, Inc. |
97,732 | 540,141 | ||||||
Shizuoka Financial Group, Inc. |
21,378 | 173,870 | ||||||
Skandinaviska Enskilda Banken AB - Class A |
72,474 | 863,245 | ||||||
Societe Generale SA |
33,221 | 803,625 | ||||||
Standard Chartered PLC |
108,258 | 1,000,514 | ||||||
Sumitomo Mitsui Financial Group, Inc. |
58,012 | 2,843,933 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. |
15,039 | 564,848 | ||||||
Svenska Handelsbanken AB - A Shares |
66,615 | 592,160 | ||||||
Swedbank AB - A Shares |
38,775 | 713,853 | ||||||
Truist Financial Corp. |
23,295 | 666,470 | ||||||
U.S. Bancorp (b) |
27,230 | 900,224 | ||||||
UniCredit SpA |
84,206 | 2,014,989 | ||||||
United Overseas Bank Ltd. |
57,719 | 1,201,550 | ||||||
Wells Fargo & Co. |
63,990 | 2,614,631 | ||||||
Westpac Banking Corp. |
160,264 | 2,177,304 | ||||||
Zions Bancorp NA (b) |
2,591 | 90,400 | ||||||
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86,637,072 | ||||||||
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Beverages0.9% | ||||||||
Anheuser-Busch InBev SA |
39,670 | 2,184,553 | ||||||
Asahi Group Holdings Ltd. |
21,998 | 822,439 | ||||||
Brown-Forman Corp. - Class B |
3,200 | 184,608 | ||||||
Budweiser Brewing Co. APAC Ltd. (144A) |
78,554 | 154,135 | ||||||
Carlsberg AS - Class B |
4,498 | 566,798 | ||||||
Coca-Cola Co. |
68,067 | 3,810,391 | ||||||
Coca-Cola Europacific Partners PLC (b) |
9,431 | 589,249 | ||||||
Coca-Cola HBC AG |
10,130 | 277,254 | ||||||
Constellation Brands, Inc. - Class A |
2,821 | 709,002 | ||||||
Davide Campari-Milano NV |
23,873 | 281,397 | ||||||
Diageo PLC |
102,625 | 3,784,690 | ||||||
Heineken Holding NV |
5,920 | 445,544 | ||||||
Heineken NV |
13,154 | 1,157,125 | ||||||
Keurig Dr Pepper, Inc. |
17,595 | 555,474 | ||||||
Kirin Holdings Co. Ltd. |
35,482 | 497,663 | ||||||
Molson Coors Beverage Co. - Class B |
3,246 | 206,413 | ||||||
Monster Beverage Corp. (a) |
13,008 | 688,774 | ||||||
PepsiCo, Inc. |
24,076 | 4,079,437 | ||||||
Pernod Ricard SA |
9,353 | 1,556,908 | ||||||
Remy Cointreau SA (a) |
1,056 | 128,651 | ||||||
Suntory Beverage & Food Ltd. |
6,425 | 195,927 | ||||||
Treasury Wine Estates Ltd. |
32,396 | 256,710 | ||||||
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23,133,142 | ||||||||
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Biotechnology0.8% | ||||||||
AbbVie, Inc. |
30,870 | 4,601,482 | ||||||
Biotechnology(Continued) | ||||||||
Amgen, Inc. |
9,355 | 2,514,250 | ||||||
Argenx SE (a) |
2,556 | 1,242,628 | ||||||
Biogen, Inc. (a) |
2,533 | 651,006 | ||||||
CSL Ltd. |
22,031 | 3,549,577 | ||||||
Genmab AS (a) |
3,017 | 1,067,657 | ||||||
Gilead Sciences, Inc. |
21,792 | 1,633,092 | ||||||
Grifols SA (a) |
13,623 | 176,385 | ||||||
Incyte Corp. (a) |
3,253 | 187,926 | ||||||
Moderna, Inc. (a) |
5,791 | 598,152 | ||||||
Regeneron Pharmaceuticals, Inc. (a) |
1,867 | 1,536,466 | ||||||
Swedish Orphan Biovitrum AB (a) |
8,818 | 180,371 | ||||||
Vertex Pharmaceuticals, Inc. (a) |
4,514 | 1,569,698 | ||||||
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19,508,690 | ||||||||
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Broadline Retail1.0% | ||||||||
Amazon.com, Inc. (a) |
158,797 | 20,186,275 | ||||||
eBay, Inc. |
9,307 | 410,346 | ||||||
Etsy, Inc. (a) (b) |
2,151 | 138,912 | ||||||
Global-e Online Ltd. (a) (b) |
4,126 | 163,967 | ||||||
Next PLC |
5,520 | 489,835 | ||||||
Pan Pacific International Holdings Corp. |
17,391 | 365,210 | ||||||
Prosus NV (a) |
69,814 | 2,057,388 | ||||||
Rakuten Group, Inc. |
68,262 | 279,553 | ||||||
Wesfarmers Ltd. |
51,815 | 1,760,310 | ||||||
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25,851,796 | ||||||||
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Building Products0.4% | ||||||||
A.O. Smith Corp. |
2,179 | 144,097 | ||||||
AGC, Inc. |
8,830 | 310,058 | ||||||
Allegion PLC (b) |
1,535 | 159,947 | ||||||
Assa Abloy AB - Class B |
45,776 | 997,268 | ||||||
Carrier Global Corp. |
14,650 | 808,680 | ||||||
Cie de Saint-Gobain SA |
21,126 | 1,265,628 | ||||||
Daikin Industries Ltd. |
12,049 | 1,890,310 | ||||||
Geberit AG |
1,527 | 762,326 | ||||||
Johnson Controls International PLC |
11,898 | 633,093 | ||||||
Kingspan Group PLC |
7,101 | 529,377 | ||||||
Lixil Corp. |
13,040 | 151,793 | ||||||
Masco Corp. |
3,934 | 210,272 | ||||||
Nibe Industrier AB - B Shares |
69,214 | 451,045 | ||||||
Rockwool AS - B Shares |
423 | 102,060 | ||||||
TOTO Ltd. |
6,001 | 155,008 | ||||||
Trane Technologies PLC |
3,995 | 810,625 | ||||||
Xinyi Glass Holdings Ltd. |
74,511 | 96,811 | ||||||
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9,478,398 | ||||||||
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Capital Markets1.4% | ||||||||
3i Group PLC |
44,453 | 1,118,901 | ||||||
abrdn PLC |
87,056 | 164,553 | ||||||
Ameriprise Financial, Inc. |
1,795 | 591,776 | ||||||
Amundi SA |
2,782 | 156,029 | ||||||
ASX Ltd. |
8,900 | 324,904 | ||||||
Bank of New York Mellon Corp. |
13,620 | 580,893 | ||||||
BlackRock, Inc. |
2,455 | 1,587,133 | ||||||
Blackstone, Inc. |
12,413 | 1,329,929 |
BHFTI-2
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Capital Markets(Continued) | ||||||||
Cboe Global Markets, Inc. |
1,845 | $ | 288,208 | |||||
Charles Schwab Corp. |
26,006 | 1,427,729 | ||||||
CME Group, Inc. |
6,292 | 1,259,784 | ||||||
Daiwa Securities Group, Inc. (b) |
60,303 | 347,948 | ||||||
Deutsche Bank AG |
88,521 | 977,484 | ||||||
Deutsche Boerse AG |
8,678 | 1,499,951 | ||||||
EQT AB |
16,242 | 320,746 | ||||||
Euronext NV (144A) |
3,923 | 273,007 | ||||||
FactSet Research Systems, Inc. |
667 | 291,652 | ||||||
Franklin Resources, Inc. |
4,974 | 122,261 | ||||||
Futu Holdings Ltd. (ADR) (a) |
2,532 | 146,375 | ||||||
Goldman Sachs Group, Inc. |
5,766 | 1,865,705 | ||||||
Hargreaves Lansdown PLC |
16,247 | 152,420 | ||||||
Hong Kong Exchanges & Clearing Ltd. |
55,000 | 2,050,505 | ||||||
Intercontinental Exchange, Inc. |
10,010 | 1,101,300 | ||||||
Invesco Ltd. |
7,846 | 113,924 | ||||||
Japan Exchange Group, Inc. |
22,934 | 425,369 | ||||||
Julius Baer Group Ltd. |
9,409 | 602,984 | ||||||
London Stock Exchange Group PLC |
18,254 | 1,832,462 | ||||||
Macquarie Group Ltd. |
16,769 | 1,804,334 | ||||||
MarketAxess Holdings, Inc. |
659 | 140,789 | ||||||
Moodys Corp. |
2,760 | 872,629 | ||||||
Morgan Stanley |
22,314 | 1,822,384 | ||||||
MSCI, Inc. |
1,383 | 709,590 | ||||||
Nasdaq, Inc. |
5,929 | 288,090 | ||||||
Nomura Holdings, Inc. |
137,260 | 550,324 | ||||||
Northern Trust Corp. |
3,620 | 251,518 | ||||||
Partners Group Holding AG |
1,037 | 1,166,885 | ||||||
Raymond James Financial, Inc. |
3,287 | 330,113 | ||||||
S&P Global, Inc. |
5,691 | 2,079,548 | ||||||
SBI Holdings, Inc. |
11,065 | 232,910 | ||||||
Schroders PLC |
36,437 | 180,091 | ||||||
Singapore Exchange Ltd. |
38,722 | 275,559 | ||||||
St. Jamess Place PLC |
24,788 | 250,030 | ||||||
State Street Corp. |
5,573 | 373,168 | ||||||
T. Rowe Price Group, Inc. |
3,923 | 411,405 | ||||||
UBS Group AG |
150,213 | 3,712,929 | ||||||
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36,406,228 | ||||||||
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Chemicals1.2% | ||||||||
Air Liquide SA |
23,921 | 4,031,095 | ||||||
Air Products & Chemicals, Inc. |
3,885 | 1,101,009 | ||||||
Akzo Nobel NV |
7,791 | 562,234 | ||||||
Albemarle Corp. |
2,052 | 348,922 | ||||||
Arkema SA |
2,742 | 270,382 | ||||||
Asahi Kasei Corp. |
57,296 | 360,150 | ||||||
BASF SE |
40,824 | 1,853,102 | ||||||
Celanese Corp. (b) |
1,750 | 219,660 | ||||||
CF Industries Holdings, Inc. |
3,375 | 289,373 | ||||||
Chr Hansen Holding AS |
4,862 | 297,404 | ||||||
Clariant AG |
9,855 | 155,692 | ||||||
Corteva, Inc. |
12,413 | 635,049 | ||||||
Covestro AG (a) |
8,868 | 478,660 | ||||||
Croda International PLC |
6,418 | 384,713 | ||||||
Dow, Inc. |
12,296 | 633,982 | ||||||
DSM-Firmenich AG |
8,494 | 717,532 | ||||||
DuPont de Nemours, Inc. (b) |
8,029 | 598,883 | ||||||
Chemicals(Continued) | ||||||||
Eastman Chemical Co. |
2,073 | 159,041 | ||||||
Ecolab, Inc. |
4,423 | 749,256 | ||||||
EMS-Chemie Holding AG |
323 | 219,098 | ||||||
Evonik Industries AG |
9,577 | 175,388 | ||||||
FMC Corp. |
2,182 | 146,129 | ||||||
Givaudan SA |
422 | 1,381,399 | ||||||
ICL Group Ltd. |
34,969 | 193,579 | ||||||
International Flavors & Fragrances, Inc. (b) |
4,464 | 304,311 | ||||||
Johnson Matthey PLC |
8,297 | 164,542 | ||||||
JSR Corp. |
8,029 | 215,493 | ||||||
Linde PLC |
8,534 | 3,177,635 | ||||||
LyondellBasell Industries NV - Class A |
4,479 | 424,161 | ||||||
Mitsubishi Chemical Group Corp. |
58,475 | 368,542 | ||||||
Mitsui Chemicals, Inc. |
7,898 | 204,720 | ||||||
Mosaic Co. (b) |
5,811 | 206,872 | ||||||
Nippon Paint Holdings Co. Ltd. |
42,864 | 288,247 | ||||||
Nippon Sanso Holdings Corp. |
7,884 | 186,855 | ||||||
Nissan Chemical Corp. |
5,837 | 248,128 | ||||||
Nitto Denko Corp. |
6,498 | 425,983 | ||||||
Novozymes AS - B Shares |
9,321 | 375,760 | ||||||
OCI NV (a) |
4,857 | 135,098 | ||||||
Orica Ltd. |
20,529 | 206,139 | ||||||
PPG Industries, Inc. |
4,119 | 534,646 | ||||||
Sherwin-Williams Co. |
4,138 | 1,055,397 | ||||||
Shin-Etsu Chemical Co. Ltd. |
83,200 | 2,414,830 | ||||||
Sika AG |
6,685 | 1,694,362 | ||||||
Solvay SA |
3,404 | 376,521 | ||||||
Sumitomo Chemical Co. Ltd. |
63,626 | 173,184 | ||||||
Symrise AG |
6,065 | 579,311 | ||||||
Toray Industries, Inc. |
63,335 | 329,438 | ||||||
Tosoh Corp. |
11,877 | 152,329 | ||||||
Umicore SA |
9,569 | 226,922 | ||||||
Wacker Chemie AG |
860 | 123,378 | ||||||
Yara International ASA |
7,555 | 286,135 | ||||||
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30,840,671 | ||||||||
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Commercial Services & Supplies0.2% | ||||||||
Brambles Ltd. |
63,451 | 583,980 | ||||||
Cintas Corp. |
1,512 | 727,287 | ||||||
Copart, Inc. (a) |
15,197 | 654,839 | ||||||
Dai Nippon Printing Co. Ltd. |
9,978 | 259,523 | ||||||
Rentokil Initial PLC |
115,093 | 853,211 | ||||||
Republic Services, Inc. |
3,596 | 512,466 | ||||||
Rollins, Inc. |
4,223 | 157,644 | ||||||
Secom Co. Ltd. |
9,590 | 650,343 | ||||||
Securitas AB - B Shares |
22,461 | 177,333 | ||||||
TOPPAN, Inc. |
11,281 | 269,613 | ||||||
Waste Management, Inc. |
6,447 | 982,781 | ||||||
|
|
|||||||
5,829,020 | ||||||||
|
|
|||||||
Communications Equipment0.3% | ||||||||
Arista Networks, Inc. (a) |
4,386 | 806,717 | ||||||
Cisco Systems, Inc. |
71,271 | 3,831,529 | ||||||
F5, Inc. (a) |
1,037 | 167,102 | ||||||
Juniper Networks, Inc. |
5,620 | 156,180 | ||||||
Motorola Solutions, Inc. |
2,921 | 795,213 |
BHFTI-3
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Communications Equipment(Continued) | ||||||||
Nokia Oyj |
244,373 | $ | 919,068 | |||||
Telefonaktiebolaget LM Ericsson - B Shares (b) |
133,738 | 649,591 | ||||||
|
|
|||||||
7,325,400 | ||||||||
|
|
|||||||
Construction & Engineering0.2% | ||||||||
ACS Actividades de Construccion y Servicios SA |
10,046 | 361,767 | ||||||
Bouygues SA |
8,708 | 304,256 | ||||||
Eiffage SA |
3,373 | 320,398 | ||||||
Ferrovial SE |
23,257 | 709,134 | ||||||
Kajima Corp. |
19,118 | 311,125 | ||||||
Obayashi Corp. |
29,354 | 258,461 | ||||||
Quanta Services, Inc. |
2,539 | 474,971 | ||||||
Shimizu Corp. |
25,473 | 177,097 | ||||||
Skanska AB - B Shares |
15,540 | 254,806 | ||||||
Taisei Corp. |
7,831 | 275,531 | ||||||
Vinci SA |
24,273 | 2,687,185 | ||||||
|
|
|||||||
6,134,731 | ||||||||
|
|
|||||||
Construction Materials0.2% | ||||||||
CRH PLC |
33,140 | 1,827,842 | ||||||
Heidelberg Materials AG |
6,661 | 517,443 | ||||||
Holcim AG |
23,805 | 1,524,128 | ||||||
James Hardie Industries PLC (a) |
20,102 | 524,530 | ||||||
Martin Marietta Materials, Inc. |
1,081 | 443,729 | ||||||
Vulcan Materials Co. |
2,324 | 469,494 | ||||||
|
|
|||||||
5,307,166 | ||||||||
|
|
|||||||
Consumer Finance0.1% | ||||||||
American Express Co. |
10,175 | 1,518,008 | ||||||
Capital One Financial Corp. |
6,671 | 647,421 | ||||||
Discover Financial Services |
4,371 | 378,660 | ||||||
Synchrony Financial |
7,314 | 223,589 | ||||||
|
|
|||||||
2,767,678 | ||||||||
|
|
|||||||
Consumer Staples Distribution & Retail0.8% | ||||||||
Aeon Co. Ltd. |
29,867 | 591,790 | ||||||
Carrefour SA |
27,288 | 469,285 | ||||||
Coles Group Ltd. |
57,519 | 572,843 | ||||||
Costco Wholesale Corp. |
7,750 | 4,378,440 | ||||||
Dollar General Corp. |
3,836 | 405,849 | ||||||
Dollar Tree, Inc. (a) |
3,662 | 389,820 | ||||||
Endeavour Group Ltd. |
64,769 | 219,166 | ||||||
HelloFresh SE (a) |
7,087 | 211,893 | ||||||
J Sainsbury PLC |
74,555 | 229,379 | ||||||
Jeronimo Martins SGPS SA |
12,914 | 289,831 | ||||||
Kesko Oyj - B Shares |
12,546 | 224,415 | ||||||
Kobe Bussan Co. Ltd. |
6,816 | 159,855 | ||||||
Koninklijke Ahold Delhaize NV |
44,359 | 1,337,562 | ||||||
Kroger Co. |
11,549 | 516,818 | ||||||
MatsukiyoCocokara & Co. |
15,717 | 281,771 | ||||||
Ocado Group PLC (a) |
26,447 | 192,415 | ||||||
Seven & i Holdings Co. Ltd. |
34,413 | 1,347,599 | ||||||
Sysco Corp. |
8,834 | 583,486 | ||||||
Target Corp. |
8,072 | 892,521 | ||||||
Consumer Staples Distribution & Retail(Continued) | ||||||||
Tesco PLC |
327,393 | 1,052,687 | ||||||
Walgreens Boots Alliance, Inc. |
12,531 | 278,689 | ||||||
Walmart, Inc. |
24,961 | 3,992,013 | ||||||
Welcia Holdings Co. Ltd. |
4,162 | 71,937 | ||||||
Woolworths Group Ltd. |
55,660 | 1,341,018 | ||||||
|
|
|||||||
20,031,082 | ||||||||
|
|
|||||||
Containers & Packaging0.1% | ||||||||
Amcor PLC |
25,735 | 235,733 | ||||||
Avery Dennison Corp. |
1,409 | 257,382 | ||||||
Ball Corp. (b) |
5,510 | 274,288 | ||||||
International Paper Co. |
6,051 | 214,629 | ||||||
Packaging Corp. of America |
1,573 | 241,534 | ||||||
Sealed Air Corp. |
2,525 | 82,971 | ||||||
SIG Group AG |
14,059 | 346,188 | ||||||
Smurfit Kappa Group PLC |
11,882 | 393,096 | ||||||
Westrock Co. (b) |
4,482 | 160,456 | ||||||
|
|
|||||||
2,206,277 | ||||||||
|
|
|||||||
Distributors0.0% | ||||||||
Dieteren Group |
984 | 165,536 | ||||||
Genuine Parts Co. |
2,456 | 354,597 | ||||||
LKQ Corp. |
4,679 | 231,657 | ||||||
Pool Corp. |
683 | 243,217 | ||||||
|
|
|||||||
995,007 | ||||||||
|
|
|||||||
Diversified Consumer Services0.0% | ||||||||
IDP Education Ltd. |
11,324 | 155,288 | ||||||
Pearson PLC |
29,005 | 306,840 | ||||||
|
|
|||||||
462,128 | ||||||||
|
|
|||||||
Diversified REITs0.4% | ||||||||
abrdn Property Income Trust Ltd. |
33,548 | 19,922 | ||||||
Activia Properties, Inc. |
64 | 176,605 | ||||||
AEW U.K. REIT PLC |
13,900 | 16,676 | ||||||
Alexander & Baldwin, Inc. |
6,303 | 105,449 | ||||||
American Assets Trust, Inc. |
4,223 | 82,137 | ||||||
Argosy Property Ltd. |
73,871 | 49,238 | ||||||
Armada Hoffler Properties, Inc. |
5,854 | 59,945 | ||||||
Balanced Commercial Property Trust Ltd. |
47,601 | 39,329 | ||||||
British Land Co. PLC |
81,471 | 312,992 | ||||||
Broadstone Net Lease, Inc. |
16,386 | 234,320 | ||||||
Charter Hall Long Wale REIT |
58,099 | 120,570 | ||||||
Cromwell European Real Estate Investment Trust |
28,100 | 38,000 | ||||||
Custodian Property Income REIT PLC |
35,796 | 35,847 | ||||||
Daiwa House REIT Investment Corp. |
291 | 513,473 | ||||||
Ediston Property Investment Co. PLC |
18,600 | 15,804 | ||||||
Empire State Realty Trust, Inc. - Class A (b) |
11,525 | 92,661 | ||||||
Essential Properties Realty Trust, Inc. (b) |
13,606 | 294,298 | ||||||
Global Net Lease, Inc. |
16,982 | 163,198 | ||||||
GPT Group |
255,509 | 642,158 | ||||||
Growthpoint Properties Australia Ltd. |
23,916 | 34,032 | ||||||
H&R Real Estate Investment Trust (b) |
23,180 | 157,520 | ||||||
Hankyu Hanshin REIT, Inc. |
59 | 55,699 | ||||||
Heiwa Real Estate REIT, Inc. |
88 | 86,126 |
BHFTI-4
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Diversified REITs(Continued) | ||||||||
Hulic REIT, Inc. |
112 | $ | 119,661 | |||||
ICADE |
2,851 | 93,920 | ||||||
Land Securities Group PLC |
96,790 | 692,184 | ||||||
Lar Espana Real Estate Socimi SA |
5,199 | 30,407 | ||||||
LXI REIT PLC |
132,676 | 146,171 | ||||||
Merlin Properties Socimi SA |
29,432 | 247,013 | ||||||
Mirvac Group |
525,891 | 722,609 | ||||||
Mori Trust REIT, Inc. |
222 | 108,108 | ||||||
NIPPON REIT Investment Corp. |
39 | 93,145 | ||||||
Nomura Real Estate Master Fund, Inc. |
592 | 664,153 | ||||||
NTT UD REIT Investment Corp. |
119 | 109,941 | ||||||
OUE Commercial Real Estate Investment Trust |
189,300 | 32,586 | ||||||
Picton Property Income Ltd. |
48,179 | 39,971 | ||||||
Schroder Real Estate Investment Trust Ltd. |
43,077 | 21,559 | ||||||
Sekisui House REIT, Inc. |
362 | 202,091 | ||||||
SK REITs Co. Ltd. |
13,550 | 42,167 | ||||||
Star Asia Investment Corp. |
152 | 58,818 | ||||||
Stockland |
319,289 | 808,274 | ||||||
Stride Property Group |
42,698 | 32,544 | ||||||
Sunlight Real Estate Investment Trust |
95,250 | 29,808 | ||||||
Suntec Real Estate Investment Trust |
186,128 | 157,692 | ||||||
Takara Leben Real Estate Investment Corp. |
57 | 37,031 | ||||||
Tokyu REIT, Inc. |
82 | 100,171 | ||||||
Tritax EuroBox PLC (144A) |
71,096 | 43,539 | ||||||
U.K. Commercial Property REIT Ltd. |
64,831 | 41,972 | ||||||
United Urban Investment Corp. |
260 | 270,702 | ||||||
WP Carey, Inc. (b) |
18,645 | 1,008,322 | ||||||
|
|
|||||||
9,300,558 | ||||||||
|
|
|||||||
Diversified Telecommunication Services0.6% | ||||||||
AT&T, Inc. (c) |
125,033 | 1,877,996 | ||||||
BT Group PLC |
294,923 | 418,924 | ||||||
Cellnex Telecom SA (a) |
25,813 | 897,554 | ||||||
Deutsche Telekom AG |
148,030 | 3,108,547 | ||||||
Elisa Oyj |
6,544 | 303,609 | ||||||
HKT Trust & HKT Ltd. |
171,298 | 178,657 | ||||||
Infrastrutture Wireless Italiane SpA |
15,224 | 180,749 | ||||||
Koninklijke KPN NV |
147,512 | 486,182 | ||||||
Nippon Telegraph & Telephone Corp. |
1,364,735 | 1,611,885 | ||||||
Orange SA |
85,042 | 975,892 | ||||||
Singapore Telecommunications Ltd. |
377,066 | 665,135 | ||||||
Spark New Zealand Ltd. |
82,922 | 239,049 | ||||||
Swisscom AG |
1,183 | 702,781 | ||||||
Telecom Italia SpA (a) |
439,590 | 137,270 | ||||||
Telefonica Deutschland Holding AG |
40,340 | 72,269 | ||||||
Telefonica SA |
236,368 | 967,179 | ||||||
Telenor ASA |
31,957 | 362,519 | ||||||
Telia Co. AB |
107,751 | 222,460 | ||||||
Telstra Group Ltd. |
184,697 | 456,732 | ||||||
Verizon Communications, Inc. |
73,526 | 2,382,978 | ||||||
|
|
|||||||
16,248,367 | ||||||||
|
|
|||||||
Electric Utilities0.9% | ||||||||
Acciona SA |
1,151 | 146,349 | ||||||
Alliant Energy Corp. |
4,420 | 214,149 | ||||||
American Electric Power Co., Inc. |
9,010 | 677,732 | ||||||
Electric Utilities(Continued) | ||||||||
BKW AG |
964 | 169,927 | ||||||
Chubu Electric Power Co., Inc. |
29,426 | 376,420 | ||||||
CK Infrastructure Holdings Ltd. |
27,789 | 131,481 | ||||||
CLP Holdings Ltd. |
74,949 | 552,719 | ||||||
Constellation Energy Corp. |
5,624 | 613,466 | ||||||
Duke Energy Corp. |
13,479 | 1,189,657 | ||||||
Edison International |
6,703 | 424,233 | ||||||
EDP - Energias de Portugal SA |
143,317 | 596,392 | ||||||
Elia Group SA |
1,374 | 134,284 | ||||||
Endesa SA |
14,561 | 295,951 | ||||||
Enel SpA |
371,461 | 2,279,370 | ||||||
Entergy Corp. |
3,698 | 342,065 | ||||||
Evergy, Inc. |
4,017 | 203,662 | ||||||
Eversource Energy |
6,105 | 355,006 | ||||||
Exelon Corp. |
17,406 | 657,773 | ||||||
FirstEnergy Corp. |
9,025 | 308,474 | ||||||
Fortum Oyj |
20,506 | 237,928 | ||||||
Iberdrola SA |
278,057 | 3,104,622 | ||||||
Kansai Electric Power Co., Inc. |
32,155 | 447,336 | ||||||
Mercury NZ Ltd. |
30,573 | 111,911 | ||||||
NextEra Energy, Inc. |
35,394 | 2,027,722 | ||||||
NRG Energy, Inc. |
4,007 | 154,350 | ||||||
Origin Energy Ltd. |
78,680 | 443,864 | ||||||
Orsted AS |
8,640 | 470,391 | ||||||
PG&E Corp. (a) |
36,574 | 589,939 | ||||||
Pinnacle West Capital Corp. |
1,982 | 146,034 | ||||||
Power Assets Holdings Ltd. |
63,212 | 304,901 | ||||||
PPL Corp. |
12,891 | 303,712 | ||||||
Redeia Corp. SA |
18,534 | 291,086 | ||||||
Southern Co. |
19,073 | 1,234,405 | ||||||
SSE PLC |
49,798 | 975,784 | ||||||
Terna - Rete Elettrica Nazionale |
64,259 | 483,415 | ||||||
Tokyo Electric Power Co. Holdings, Inc. (a) |
69,013 | 308,597 | ||||||
Verbund AG |
3,136 | 255,039 | ||||||
Xcel Energy, Inc. |
9,646 | 551,944 | ||||||
|
|
|||||||
22,112,090 | ||||||||
|
|
|||||||
Electrical Equipment0.6% | ||||||||
ABB Ltd. |
73,061 | 2,610,926 | ||||||
AMETEK, Inc. |
4,035 | 596,212 | ||||||
Eaton Corp. PLC |
6,978 | 1,488,268 | ||||||
Emerson Electric Co. |
9,995 | 965,217 | ||||||
Fuji Electric Co. Ltd. |
5,838 | 263,313 | ||||||
Generac Holdings, Inc. (a) |
1,089 | 118,658 | ||||||
Legrand SA |
12,186 | 1,118,391 | ||||||
Mitsubishi Electric Corp. |
88,259 | 1,091,150 | ||||||
Nidec Corp. |
19,063 | 883,101 | ||||||
Prysmian SpA |
11,994 | 481,195 | ||||||
Rockwell Automation, Inc. |
2,009 | 574,313 | ||||||
Schneider Electric SE |
24,855 | 4,097,664 | ||||||
Siemens Energy AG (a) |
23,517 | 307,663 | ||||||
Vestas Wind Systems AS (a) |
46,122 | 984,442 | ||||||
|
|
|||||||
15,580,513 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components0.5% | ||||||||
Amphenol Corp. - Class A |
10,406 | 874,000 |
BHFTI-5
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Electronic Equipment, Instruments & Components(Continued) | ||||||||
Azbil Corp. |
5,246 | $ | 160,515 | |||||
CDW Corp. |
2,344 | 472,926 | ||||||
Corning, Inc. |
13,426 | 409,090 | ||||||
Halma PLC |
17,339 | 407,358 | ||||||
Hamamatsu Photonics KK |
6,382 | 268,328 | ||||||
Hexagon AB - B Shares |
94,822 | 807,023 | ||||||
Hirose Electric Co. Ltd. |
1,408 | 163,013 | ||||||
Ibiden Co. Ltd. |
5,187 | 274,968 | ||||||
Keyence Corp. |
8,887 | 3,303,043 | ||||||
Keysight Technologies, Inc. (a) |
3,120 | 412,807 | ||||||
Kyocera Corp. |
14,660 | 743,522 | ||||||
Murata Manufacturing Co. Ltd. |
78,708 | 1,438,454 | ||||||
Omron Corp. |
8,032 | 357,766 | ||||||
Shimadzu Corp. |
10,773 | 286,101 | ||||||
TDK Corp. |
17,756 | 657,562 | ||||||
TE Connectivity Ltd. |
5,491 | 678,303 | ||||||
Teledyne Technologies, Inc. (a) |
823 | 336,261 | ||||||
Trimble, Inc. (a) |
4,343 | 233,914 | ||||||
Yokogawa Electric Corp. |
10,339 | 199,649 | ||||||
Zebra Technologies Corp. - Class A (a) |
898 | 212,404 | ||||||
|
|
|||||||
12,697,007 | ||||||||
|
|
|||||||
Energy Equipment & Services0.1% | ||||||||
Baker Hughes Co. |
17,658 | 623,681 | ||||||
Halliburton Co. |
15,715 | 636,457 | ||||||
Schlumberger NV |
24,856 | 1,449,105 | ||||||
Tenaris SA |
21,567 | 340,781 | ||||||
|
|
|||||||
3,050,024 | ||||||||
|
|
|||||||
Entertainment0.5% | ||||||||
Activision Blizzard, Inc. |
12,512 | 1,171,499 | ||||||
Bollore SE |
33,696 | 180,964 | ||||||
Capcom Co. Ltd. |
7,911 | 284,267 | ||||||
Electronic Arts, Inc. |
4,312 | 519,165 | ||||||
Koei Tecmo Holdings Co. Ltd. |
5,189 | 73,753 | ||||||
Konami Group Corp. |
4,628 | 243,986 | ||||||
Live Nation Entertainment, Inc. (a) (b) |
2,480 | 205,939 | ||||||
Netflix, Inc. (a) |
7,750 | 2,926,400 | ||||||
Nexon Co. Ltd. |
15,599 | 276,925 | ||||||
Nintendo Co. Ltd. |
47,451 | 1,976,821 | ||||||
Sea Ltd. (ADR) (a) (b) |
16,681 | 733,130 | ||||||
Square Enix Holdings Co. Ltd. |
3,889 | 133,245 | ||||||
Take-Two Interactive Software, Inc. (a) (b) |
2,762 | 387,757 | ||||||
Toho Co. Ltd. |
5,202 | 177,467 | ||||||
Universal Music Group NV |
37,420 | 973,098 | ||||||
Walt Disney Co. (a) |
32,002 | 2,593,762 | ||||||
Warner Bros Discovery, Inc. (a) (b) |
38,792 | 421,281 | ||||||
|
|
|||||||
13,279,459 | ||||||||
|
|
|||||||
Financial Services 1.4% | ||||||||
Adyen NV (a) |
992 | 735,337 | ||||||
Berkshire Hathaway, Inc. - Class B (a) |
31,895 | 11,172,819 | ||||||
Edenred SE |
11,399 | 712,213 | ||||||
Eurazeo SE |
1,997 | 118,962 | ||||||
EXOR NV |
4,966 | 440,202 | ||||||
Fidelity National Information Services, Inc. |
10,362 | 572,708 | ||||||
Financial Services(Continued) | ||||||||
Fiserv, Inc. (a) |
10,662 | 1,204,380 | ||||||
FleetCor Technologies, Inc. (a) |
1,293 | 330,155 | ||||||
Global Payments, Inc. |
4,547 | 524,678 | ||||||
GMO Payment Gateway, Inc. |
1,914 | 104,380 | ||||||
Groupe Bruxelles Lambert NV |
4,355 | 323,688 | ||||||
Industrivarden AB - A Shares |
5,928 | 156,250 | ||||||
Industrivarden AB - C Shares |
6,969 | 183,355 | ||||||
Investor AB - B Shares |
79,050 | 1,513,067 | ||||||
Jack Henry & Associates, Inc. (b) |
1,275 | 192,704 | ||||||
L E Lundbergforetagen AB - B Shares |
3,468 | 144,549 | ||||||
M&G PLC |
101,365 | 242,754 | ||||||
Mastercard, Inc. - Class A |
14,551 | 5,760,886 | ||||||
Mitsubishi HC Capital, Inc. |
36,847 | 245,420 | ||||||
Nexi SpA (a) |
26,682 | 162,856 | ||||||
ORIX Corp. |
53,577 | 1,000,383 | ||||||
PayPal Holdings, Inc. (a) |
19,204 | 1,122,666 | ||||||
Sofina SA |
704 | 141,855 | ||||||
Visa, Inc. - Class A (b) |
28,102 | 6,463,741 | ||||||
Washington H Soul Pattinson & Co. Ltd. |
10,607 | 221,894 | ||||||
Wendel SE |
1,224 | 96,717 | ||||||
Wise PLC - Class A (a) |
27,792 | 230,885 | ||||||
Worldline SA (a) |
10,972 | 306,802 | ||||||
|
|
|||||||
34,426,306 | ||||||||
|
|
|||||||
Food Products1.1% | ||||||||
Ajinomoto Co., Inc. |
20,567 | 792,657 | ||||||
Archer-Daniels-Midland Co. |
9,376 | 707,138 | ||||||
Associated British Foods PLC |
15,891 | 399,417 | ||||||
Barry Callebaut AG |
163 | 259,115 | ||||||
Bunge Ltd. |
2,635 | 285,239 | ||||||
Campbell Soup Co. |
3,441 | 141,356 | ||||||
Chocoladefabriken Lindt & Spruengli AG |
5 | 548,187 | ||||||
Chocoladefabriken Lindt & Spruengli AG (Participation Certificate) |
44 | 489,409 | ||||||
Conagra Brands, Inc. |
8,358 | 229,176 | ||||||
Danone SA |
29,407 | 1,620,206 | ||||||
General Mills, Inc. |
10,234 | 654,874 | ||||||
Hershey Co. |
2,621 | 524,410 | ||||||
Hormel Foods Corp. (b) |
5,064 | 192,584 | ||||||
J.M. Smucker Co. (b) |
1,786 | 219,517 | ||||||
JDE Peets NV |
5,682 | 158,624 | ||||||
Kellogg Co. (b) |
4,610 | 274,341 | ||||||
Kerry Group PLC - Class A |
7,280 | 607,719 | ||||||
Kikkoman Corp. |
6,224 | 326,380 | ||||||
Kraft Heinz Co. |
13,963 | 469,715 | ||||||
Lamb Weston Holdings, Inc. |
2,550 | 235,773 | ||||||
Lotus Bakeries NV |
19 | 154,322 | ||||||
McCormick & Co., Inc. |
4,392 | 332,211 | ||||||
MEIJI Holdings Co. Ltd. |
10,722 | 266,542 | ||||||
Mondelez International, Inc. - Class A |
23,793 | 1,651,234 | ||||||
Mowi ASA |
19,870 | 351,785 | ||||||
Nestle SA |
121,943 | 13,769,973 | ||||||
Nissin Foods Holdings Co. Ltd. |
2,836 | 235,599 | ||||||
Orkla ASA |
33,952 | 253,572 | ||||||
Salmar ASA |
3,386 | 171,338 | ||||||
Tyson Foods, Inc. - Class A |
4,994 | 252,147 | ||||||
WH Group Ltd. |
380,822 | 198,708 |
BHFTI-6
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Food Products(Continued) | ||||||||
Wilmar International Ltd. |
86,750 | $ | 235,891 | |||||
Yakult Honsha Co. Ltd. |
11,782 | 286,186 | ||||||
|
|
|||||||
27,295,345 | ||||||||
|
|
|||||||
Gas Utilities0.1% | ||||||||
APA Group |
57,514 | 306,522 | ||||||
Atmos Energy Corp. (b) |
2,597 | 275,100 | ||||||
Enagas SA |
11,229 | 185,822 | ||||||
Hong Kong & China Gas Co. Ltd. |
511,333 | 356,254 | ||||||
Naturgy Energy Group SA |
5,698 | 154,750 | ||||||
Osaka Gas Co. Ltd. |
17,162 | 283,117 | ||||||
Snam SpA |
92,097 | 432,361 | ||||||
Tokyo Gas Co. Ltd. |
17,979 | 408,567 | ||||||
|
|
|||||||
2,402,493 | ||||||||
|
|
|||||||
Ground Transportation0.4% | ||||||||
Aurizon Holdings Ltd. |
84,067 | 188,389 | ||||||
Central Japan Railway Co. |
32,930 | 800,708 | ||||||
CSX Corp. |
35,090 | 1,079,018 | ||||||
East Japan Railway Co. |
13,809 | 790,271 | ||||||
Grab Holdings Ltd. - Class A (a) (b) |
84,365 | 298,652 | ||||||
Hankyu Hanshin Holdings, Inc. |
10,423 | 355,571 | ||||||
J.B. Hunt Transport Services, Inc. (b) |
1,428 | 269,207 | ||||||
Keio Corp. |
4,669 | 160,610 | ||||||
Keisei Electric Railway Co. Ltd. |
5,973 | 206,884 | ||||||
Kintetsu Group Holdings Co. Ltd. |
8,349 | 236,665 | ||||||
MTR Corp. Ltd. |
70,904 | 279,466 | ||||||
Norfolk Southern Corp. |
3,970 | 781,812 | ||||||
Odakyu Electric Railway Co. Ltd. |
14,305 | 213,781 | ||||||
Old Dominion Freight Line, Inc. (b) |
1,567 | 641,122 | ||||||
Tobu Railway Co. Ltd. |
8,713 | 223,929 | ||||||
Tokyu Corp. |
22,831 | 263,274 | ||||||
Union Pacific Corp. |
10,659 | 2,170,492 | ||||||
West Japan Railway Co. |
10,046 | 415,651 | ||||||
|
|
|||||||
9,375,502 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies1.2% | ||||||||
Abbott Laboratories |
30,350 | 2,939,398 | ||||||
Alcon, Inc. |
22,822 | 1,763,560 | ||||||
Align Technology, Inc. (a) |
1,245 | 380,123 | ||||||
Asahi Intecc Co. Ltd. |
9,849 | 176,977 | ||||||
Baxter International, Inc. |
8,857 | 334,263 | ||||||
Becton Dickinson & Co. |
5,074 | 1,311,781 | ||||||
BioMerieux |
1,894 | 183,120 | ||||||
Boston Scientific Corp. (a) |
25,608 | 1,352,102 | ||||||
Carl Zeiss Meditec AG |
1,854 | 162,176 | ||||||
Cochlear Ltd. |
2,999 | 491,605 | ||||||
Coloplast AS - Class B |
5,426 | 572,542 | ||||||
Cooper Cos., Inc. |
866 | 275,397 | ||||||
Demant AS (a) |
4,603 | 190,618 | ||||||
Dentsply Sirona, Inc. |
3,703 | 126,495 | ||||||
DexCom, Inc. (a) |
6,784 | 632,947 | ||||||
DiaSorin SpA |
1,022 | 93,037 | ||||||
Edwards Lifesciences Corp. (a) |
10,632 | 736,585 | ||||||
EssilorLuxottica SA |
13,466 | 2,340,762 | ||||||
Fisher & Paykel Healthcare Corp. Ltd. - Class C |
26,191 | 338,779 | ||||||
Health Care Equipment & Supplies(Continued) | ||||||||
GE HealthCare Technologies, Inc. |
6,841 | 465,462 | ||||||
Getinge AB - B Shares |
10,293 | 180,833 | ||||||
Hologic, Inc. (a) |
4,284 | 297,310 | ||||||
Hoya Corp. |
16,183 | 1,667,716 | ||||||
IDEXX Laboratories, Inc. (a) |
1,452 | 634,916 | ||||||
Insulet Corp. (a) |
1,221 | 194,737 | ||||||
Intuitive Surgical, Inc. (a) |
6,145 | 1,796,122 | ||||||
Koninklijke Philips NV (b) |
42,413 | 845,269 | ||||||
Medtronic PLC |
23,281 | 1,824,299 | ||||||
Olympus Corp. |
57,828 | 749,224 | ||||||
ResMed, Inc. |
2,570 | 380,026 | ||||||
Siemens Healthineers AG |
12,880 | 654,238 | ||||||
Smith & Nephew PLC |
39,888 | 495,793 | ||||||
Sonova Holding AG |
2,375 | 562,823 | ||||||
STERIS PLC |
1,725 | 378,500 | ||||||
Straumann Holding AG |
5,098 | 647,521 | ||||||
Stryker Corp. |
5,911 | 1,615,299 | ||||||
Sysmex Corp. |
7,726 | 368,453 | ||||||
Teleflex, Inc. (b) |
822 | 161,449 | ||||||
Terumo Corp. |
30,733 | 814,181 | ||||||
Zimmer Biomet Holdings, Inc. |
3,655 | 410,164 | ||||||
|
|
|||||||
29,546,602 | ||||||||
|
|
|||||||
Health Care Providers & Services0.8% | ||||||||
Amplifon SpA |
5,646 | 167,206 | ||||||
Cardinal Health, Inc. |
4,453 | 386,609 | ||||||
Cencora, Inc. (b) |
2,824 | 508,235 | ||||||
Centene Corp. (a) |
9,470 | 652,294 | ||||||
Chartwell Retirement Residences (b) |
20,769 | 157,191 | ||||||
Cigna Group |
5,177 | 1,480,984 | ||||||
CVS Health Corp. |
22,463 | 1,568,367 | ||||||
DaVita, Inc. (a) |
942 | 89,047 | ||||||
EBOS Group Ltd. |
6,929 | 140,745 | ||||||
Elevance Health, Inc. |
4,121 | 1,794,366 | ||||||
Fresenius Medical Care AG & Co. KGaA |
9,399 | 405,952 | ||||||
Fresenius SE & Co. KGaA |
19,343 | 602,965 | ||||||
HCA Healthcare, Inc. |
3,520 | 865,850 | ||||||
Henry Schein, Inc. (a) |
2,284 | 169,587 | ||||||
Humana, Inc. |
2,167 | 1,054,289 | ||||||
Laboratory Corp. of America Holdings |
1,550 | 311,627 | ||||||
McKesson Corp. |
2,359 | 1,025,811 | ||||||
Molina Healthcare, Inc. (a) |
1,020 | 334,448 | ||||||
NMC Health PLC (a) (d) (e) |
8,180 | 0 | ||||||
Quest Diagnostics, Inc. |
1,963 | 239,211 | ||||||
Ramsay Health Care Ltd. |
8,330 | 277,675 | ||||||
Sonic Healthcare Ltd. |
20,427 | 390,820 | ||||||
UnitedHealth Group, Inc. |
16,201 | 8,168,382 | ||||||
Universal Health Services, Inc. - Class B |
1,087 | 136,669 | ||||||
|
|
|||||||
20,928,330 | ||||||||
|
|
|||||||
Health Care REITs0.4% | ||||||||
Aedifica SA |
4,153 | 235,917 | ||||||
Assura PLC |
256,540 | 132,075 | ||||||
CareTrust REIT, Inc. |
8,728 | 178,924 | ||||||
Cofinimmo SA |
2,921 | 200,452 | ||||||
Community Healthcare Trust, Inc. |
2,209 | 65,607 |
BHFTI-7
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Health Care REITs(Continued) | ||||||||
Health Care & Medical Investment Corp. |
31 | $ | 30,217 | |||||
Healthcare Realty Trust, Inc. (b) |
33,368 | 509,529 | ||||||
HealthCo REIT |
39,450 | 36,746 | ||||||
Healthpeak Properties, Inc. |
57,699 | 1,059,354 | ||||||
Impact Healthcare REIT PLC |
28,123 | 28,416 | ||||||
Life Science REIT PLC |
30,850 | 26,161 | ||||||
LTC Properties, Inc. |
3,532 | 113,483 | ||||||
Medical Properties Trust, Inc. (b) |
52,212 | 284,555 | ||||||
National Health Investors, Inc. |
3,638 | 186,848 | ||||||
NorthWest Healthcare Properties Real Estate Investment Trust |
18,723 | 70,026 | ||||||
Omega Healthcare Investors, Inc. (b) |
20,564 | 681,902 | ||||||
Parkway Life Real Estate Investment Trust |
34,050 | 91,848 | ||||||
Physicians Realty Trust (b) |
20,753 | 252,979 | ||||||
Primary Health Properties PLC |
116,286 | 131,792 | ||||||
Sabra Health Care REIT, Inc. |
20,151 | 280,905 | ||||||
Target Healthcare REIT PLC |
54,623 | 50,471 | ||||||
Universal Health Realty Income Trust |
1,064 | 43,018 | ||||||
Ventas, Inc. |
42,182 | 1,777,128 | ||||||
Vital Healthcare Property Trust |
43,085 | 54,742 | ||||||
Welltower, Inc. (b) |
52,794 | 4,324,885 | ||||||
|
|
|||||||
10,847,980 | ||||||||
|
|
|||||||
Health Care Technology0.0% | ||||||||
M3, Inc. |
20,156 | 365,866 | ||||||
|
|
|||||||
Hotel & Resort REITs0.2% | ||||||||
Apple Hospitality REIT, Inc. (b) |
18,777 | 288,039 | ||||||
CapitaLand Ascott Trust |
199,508 | 139,934 | ||||||
CDL Hospitality Trusts |
77,194 | 58,537 | ||||||
DiamondRock Hospitality Co. (b) |
18,333 | 147,214 | ||||||
Far East Hospitality Trust |
86,000 | 39,919 | ||||||
Hoshino Resorts REIT, Inc. |
23 | 100,786 | ||||||
Host Hotels & Resorts, Inc. |
74,609 | 1,198,967 | ||||||
Hotel Property Investments Ltd. |
16,883 | 29,416 | ||||||
Invincible Investment Corp. |
592 | 244,757 | ||||||
Japan Hotel REIT Investment Corp. |
394 | 206,277 | ||||||
Park Hotels & Resorts, Inc. (b) |
18,748 | 230,975 | ||||||
Pebblebrook Hotel Trust (b) |
10,595 | 143,986 | ||||||
RLJ Lodging Trust |
13,644 | 133,575 | ||||||
Ryman Hospitality Properties, Inc. |
5,037 | 419,481 | ||||||
Service Properties Trust (b) |
14,373 | 110,528 | ||||||
Summit Hotel Properties, Inc. |
9,112 | 52,850 | ||||||
Sunstone Hotel Investors, Inc. (b) |
18,143 | 169,637 | ||||||
Xenia Hotels & Resorts, Inc. |
9,577 | 112,817 | ||||||
|
|
|||||||
3,827,695 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure1.0% | ||||||||
Accor SA |
8,469 | 285,152 | ||||||
Airbnb, Inc. - Class A (a) |
7,457 | 1,023,175 | ||||||
Amadeus IT Group SA |
20,575 | 1,239,926 | ||||||
Aristocrat Leisure Ltd. |
26,873 | 705,181 | ||||||
Booking Holdings, Inc. (a) |
624 | 1,924,385 | ||||||
Caesars Entertainment, Inc. (a) |
3,765 | 174,508 | ||||||
Carnival Corp. (a) (b) |
17,618 | 241,719 | ||||||
Chipotle Mexican Grill, Inc. (a) |
482 | 882,942 | ||||||
Compass Group PLC |
79,175 | 1,928,840 | ||||||
Hotels, Restaurants & Leisure(Continued) | ||||||||
Darden Restaurants, Inc. |
2,114 | 302,767 | ||||||
Delivery Hero SE (a) |
8,000 | 229,763 | ||||||
Dominos Pizza, Inc. |
614 | 232,577 | ||||||
Entain PLC |
29,171 | 332,027 | ||||||
Evolution AB |
8,370 | 843,427 | ||||||
Expedia Group, Inc. (a) |
2,411 | 248,502 | ||||||
Flutter Entertainment PLC (a) |
8,065 | 1,316,394 | ||||||
Galaxy Entertainment Group Ltd. (a) |
99,749 | 596,660 | ||||||
Genting Singapore Ltd. |
276,077 | 170,604 | ||||||
Hilton Worldwide Holdings, Inc. |
4,574 | 686,923 | ||||||
InterContinental Hotels Group PLC |
7,688 | 566,779 | ||||||
La Francaise des Jeux SAEM |
4,761 | 154,615 | ||||||
Las Vegas Sands Corp. |
5,749 | 263,534 | ||||||
Lottery Corp. Ltd. |
101,654 | 307,928 | ||||||
Marriott International, Inc. - Class A |
4,381 | 861,129 | ||||||
McDonalds Corp. |
12,746 | 3,357,806 | ||||||
McDonalds Holdings Co. Japan Ltd. (b) |
3,933 | 150,444 | ||||||
MGM Resorts International (a) (b) |
4,909 | 180,455 | ||||||
Norwegian Cruise Line Holdings Ltd. (a) (b) |
7,440 | 122,611 | ||||||
Oriental Land Co. Ltd. |
49,831 | 1,635,877 | ||||||
Royal Caribbean Cruises Ltd. (a) (b) |
4,122 | 379,801 | ||||||
Sands China Ltd. (a) |
110,814 | 336,982 | ||||||
Sodexo SA |
4,004 | 412,361 | ||||||
Starbucks Corp. |
20,032 | 1,828,321 | ||||||
Whitbread PLC |
9,038 | 380,197 | ||||||
Wynn Resorts Ltd. |
1,694 | 156,543 | ||||||
Yum! Brands, Inc. |
4,901 | 612,331 | ||||||
Zensho Holdings Co. Ltd. |
4,244 | 185,247 | ||||||
|
|
|||||||
25,258,433 | ||||||||
|
|
|||||||
Household Durables0.4% | ||||||||
Barratt Developments PLC |
44,194 | 237,081 | ||||||
Berkeley Group Holdings PLC |
4,897 | 244,262 | ||||||
DR Horton, Inc. |
5,325 | 572,278 | ||||||
Garmin Ltd. |
2,679 | 281,831 | ||||||
Iida Group Holdings Co. Ltd. |
7,170 | 119,208 | ||||||
Lennar Corp. - Class A |
4,417 | 495,720 | ||||||
Mohawk Industries, Inc. (a) |
924 | 79,288 | ||||||
NVR, Inc. (a) |
57 | 339,908 | ||||||
Open House Group Co. Ltd. |
3,579 | 121,428 | ||||||
Panasonic Holdings Corp. |
100,880 | 1,134,343 | ||||||
Persimmon PLC |
14,377 | 188,220 | ||||||
PulteGroup, Inc. |
3,838 | 284,204 | ||||||
SEB SA |
1,146 | 106,934 | ||||||
Sekisui Chemical Co. Ltd. |
17,566 | 252,877 | ||||||
Sekisui House Ltd. |
27,246 | 542,496 | ||||||
Sharp Corp. (a) |
11,882 | 74,050 | ||||||
Sony Group Corp. |
57,596 | 4,711,449 | ||||||
Taylor Wimpey PLC |
159,665 | 227,041 | ||||||
Whirlpool Corp. (b) |
959 | 128,218 | ||||||
|
|
|||||||
10,140,836 | ||||||||
|
|
|||||||
Household Products0.5% | ||||||||
Church & Dwight Co., Inc. |
4,303 | 394,284 | ||||||
Clorox Co. |
2,166 | 283,876 | ||||||
Colgate-Palmolive Co. |
14,458 | 1,028,108 |
BHFTI-8
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Household Products(Continued) | ||||||||
Essity AB - Class B |
27,820 | $ | 599,529 | |||||
Henkel AG & Co. KGaA |
4,797 | 302,924 | ||||||
Kimberly-Clark Corp. |
5,915 | 714,828 | ||||||
Procter & Gamble Co. |
41,228 | 6,013,516 | ||||||
Reckitt Benckiser Group PLC |
32,770 | 2,315,869 | ||||||
Unicharm Corp. |
18,431 | 650,282 | ||||||
|
|
|||||||
12,303,216 | ||||||||
|
|
|||||||
Independent Power and Renewable Electricity Producers0.1% | ||||||||
AES Corp. |
11,711 | 178,007 | ||||||
Corp. ACCIONA Energias Renovables SA |
3,044 | 78,499 | ||||||
EDP Renovaveis SA |
14,030 | 229,507 | ||||||
Meridian Energy Ltd. |
58,988 | 181,726 | ||||||
RWE AG |
28,877 | 1,073,119 | ||||||
|
|
|||||||
1,740,858 | ||||||||
|
|
|||||||
Industrial Conglomerates0.6% | ||||||||
3M Co. |
9,654 | 903,807 | ||||||
CK Hutchison Holdings Ltd. |
122,349 | 652,077 | ||||||
DCC PLC |
4,543 | 254,689 | ||||||
General Electric Co. |
19,035 | 2,104,319 | ||||||
Hikari Tsushin, Inc. |
930 | 141,589 | ||||||
Hitachi Ltd. |
42,851 | 2,656,520 | ||||||
Honeywell International, Inc. |
11,612 | 2,145,201 | ||||||
Investment AB Latour - B Shares |
6,780 | 119,012 | ||||||
Jardine Cycle & Carriage Ltd. |
4,659 | 108,488 | ||||||
Jardine Matheson Holdings Ltd. |
7,337 | 340,442 | ||||||
Keppel Corp. Ltd. |
66,454 | 329,832 | ||||||
Lifco AB - B Shares |
10,498 | 183,641 | ||||||
Siemens AG |
34,711 | 4,976,283 | ||||||
Smiths Group PLC |
15,879 | 312,875 | ||||||
Toshiba Corp. |
4,004 | 123,319 | ||||||
|
|
|||||||
15,352,094 | ||||||||
|
|
|||||||
Industrial REITs0.9% | ||||||||
Advance Logistics Investment Corp. |
59 | 49,698 | ||||||
AIMS APAC REIT |
55,650 | 52,888 | ||||||
Americold Realty Trust, Inc. |
23,740 | 721,933 | ||||||
ARGAN SA |
850 | 56,750 | ||||||
CapitaLand Ascendas REIT |
484,310 | 973,469 | ||||||
Centuria Industrial REIT |
46,233 | 89,828 | ||||||
CRE Logistics REIT, Inc. |
54 | 59,316 | ||||||
Dexus Industria REIT |
18,620 | 30,643 | ||||||
Dream Industrial Real Estate Investment Trust (b) |
21,818 | 206,253 | ||||||
EastGroup Properties, Inc. |
3,872 | 644,804 | ||||||
ESR Kendall Square REIT Co. Ltd. |
10,547 | 29,579 | ||||||
ESR-LOGOS REIT |
541,707 | 110,849 | ||||||
First Industrial Realty Trust, Inc. |
11,597 | 551,901 | ||||||
Frasers Logistics & Commercial Trust |
251,400 | 196,533 | ||||||
GLP J-REIT |
624 | 558,377 | ||||||
Goodman Group |
77,433 | 1,072,697 | ||||||
Goodman Property Trust |
96,161 | 121,896 | ||||||
Granite Real Estate Investment Trust (b) |
5,216 | 276,804 | ||||||
Industrial & Infrastructure Fund Investment Corp. |
171 | 158,094 | ||||||
Innovative Industrial Properties, Inc. |
2,442 | 184,762 | ||||||
Intervest Offices & Warehouses NV |
2,350 | 33,942 | ||||||
Industrial REITs(Continued) | ||||||||
Japan Logistics Fund, Inc. |
79 | 153,215 | ||||||
LaSalle Logiport REIT |
165 | 158,658 | ||||||
Lexington Realty Trust |
25,235 | 224,592 | ||||||
LondonMetric Property PLC |
93,082 | 194,754 | ||||||
Mapletree Industrial Trust |
173,812 | 287,114 | ||||||
Mapletree Logistics Trust |
447,615 | 549,146 | ||||||
Mitsubishi Estate Logistics REIT Investment Corp. |
43 | 108,021 | ||||||
Mitsui Fudosan Logistics Park, Inc. |
47 | 148,076 | ||||||
Montea NV |
1,265 | 89,929 | ||||||
Nippon Prologis REIT, Inc. |
321 | 601,976 | ||||||
Prologis, Inc. |
97,424 | 10,931,947 | ||||||
Rexford Industrial Realty, Inc. (b) |
18,097 | 893,087 | ||||||
Segro PLC |
160,846 | 1,403,110 | ||||||
SOSiLA Logistics REIT, Inc. |
62 | 51,224 | ||||||
STAG Industrial, Inc. (b) |
15,793 | 545,016 | ||||||
Terreno Realty Corp. |
7,125 | 404,700 | ||||||
Tritax Big Box REIT PLC |
164,554 | 280,475 | ||||||
Urban Logistics REIT PLC |
40,588 | 54,092 | ||||||
Warehouse REIT PLC |
34,900 | 34,737 | ||||||
Warehouses De Pauw CVA |
21,493 | 529,779 | ||||||
|
|
|||||||
23,824,664 | ||||||||
|
|
|||||||
Insurance1.9% | ||||||||
Admiral Group PLC |
9,760 | 282,283 | ||||||
Aegon NV |
76,286 | 367,671 | ||||||
Aflac, Inc. |
9,455 | 725,671 | ||||||
Ageas SA |
7,349 | 303,065 | ||||||
AIA Group Ltd. |
527,485 | 4,266,861 | ||||||
Allianz SE |
18,420 | 4,392,460 | ||||||
Allstate Corp. |
4,575 | 509,701 | ||||||
American International Group, Inc. |
12,451 | 754,531 | ||||||
Aon PLC - Class A |
3,548 | 1,150,333 | ||||||
Arch Capital Group Ltd. (a) |
6,523 | 519,948 | ||||||
Arthur J. Gallagher & Co. |
3,769 | 859,068 | ||||||
ASR Nederland NV |
7,301 | 274,029 | ||||||
Assicurazioni Generali SpA |
46,289 | 945,952 | ||||||
Assurant, Inc. |
927 | 133,099 | ||||||
Aviva PLC |
124,746 | 589,834 | ||||||
AXA SA |
83,817 | 2,482,687 | ||||||
Baloise Holding AG |
2,119 | 307,417 | ||||||
Brown & Brown, Inc. |
4,117 | 287,531 | ||||||
Chubb Ltd. |
7,184 | 1,495,565 | ||||||
Cincinnati Financial Corp. |
2,743 | 280,581 | ||||||
Dai-ichi Life Holdings, Inc. |
42,949 | 893,584 | ||||||
Everest Group Ltd. |
756 | 280,983 | ||||||
Gjensidige Forsikring ASA |
9,128 | 134,133 | ||||||
Globe Life, Inc. |
1,521 | 165,378 | ||||||
Hannover Rueck SE |
2,761 | 606,725 | ||||||
Hartford Financial Services Group, Inc. |
5,349 | 379,298 | ||||||
Helvetia Holding AG |
1,711 | 239,734 | ||||||
Insurance Australia Group Ltd. |
110,632 | 404,180 | ||||||
Japan Post Holdings Co. Ltd. |
102,746 | 821,401 | ||||||
Japan Post Insurance Co. Ltd. |
8,750 | 147,174 | ||||||
Legal & General Group PLC |
273,015 | 737,607 | ||||||
Loews Corp. |
3,234 | 204,745 | ||||||
Marsh & McLennan Cos., Inc. |
8,639 | 1,644,002 | ||||||
Medibank Pvt Ltd. |
123,597 | 273,208 |
BHFTI-9
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Insurance(Continued) | ||||||||
MetLife, Inc. (f) |
11,048 | $ | 695,030 | |||||
MS&AD Insurance Group Holdings, Inc. |
19,583 | 716,256 | ||||||
Muenchener Rueckversicherungs-Gesellschaft AG |
6,233 | 2,431,670 | ||||||
NN Group NV |
11,458 | 367,194 | ||||||
Phoenix Group Holdings PLC |
33,919 | 198,666 | ||||||
Poste Italiane SpA |
23,617 | 248,327 | ||||||
Principal Financial Group, Inc. (b) |
3,889 | 280,280 | ||||||
Progressive Corp. |
10,237 | 1,426,014 | ||||||
Prudential Financial, Inc. |
6,349 | 602,457 | ||||||
Prudential PLC |
125,743 | 1,354,016 | ||||||
QBE Insurance Group Ltd. |
68,145 | 689,143 | ||||||
Sampo Oyj - A Shares |
21,004 | 908,049 | ||||||
Sompo Holdings, Inc. |
13,498 | 577,783 | ||||||
Suncorp Group Ltd. |
57,844 | 521,454 | ||||||
Swiss Life Holding AG |
1,349 | 840,333 | ||||||
Swiss Re AG |
13,776 | 1,414,086 | ||||||
T&D Holdings, Inc. |
22,947 | 376,723 | ||||||
Talanx AG |
2,939 | 186,386 | ||||||
Tokio Marine Holdings, Inc. |
82,311 | 1,897,463 | ||||||
Travelers Cos., Inc. |
4,004 | 653,893 | ||||||
Tryg AS |
15,947 | 291,655 | ||||||
W.R. Berkley Corp. |
3,558 | 225,897 | ||||||
Willis Towers Watson PLC |
1,833 | 383,024 | ||||||
Zurich Insurance Group AG |
6,872 | 3,149,007 | ||||||
|
|
|||||||
48,295,245 | ||||||||
|
|
|||||||
Interactive Media & Services1.5% | ||||||||
Adevinta ASA (a) |
12,856 | 126,807 | ||||||
Alphabet, Inc. - Class A (a) |
103,765 | 13,578,688 | ||||||
Alphabet, Inc. - Class C (a) (c) |
88,287 | 11,640,641 | ||||||
Auto Trader Group PLC |
41,954 | 314,483 | ||||||
Match Group, Inc. (a) |
4,864 | 190,547 | ||||||
Meta Platforms, Inc. - Class A (a) (c) |
38,872 | 11,669,763 | ||||||
REA Group Ltd. |
2,437 | 241,279 | ||||||
Scout24 SE |
3,465 | 240,610 | ||||||
SEEK Ltd. |
16,269 | 230,286 | ||||||
Z Holdings Corp. |
122,023 | 340,671 | ||||||
|
|
|||||||
38,573,775 | ||||||||
|
|
|||||||
IT Services0.5% | ||||||||
Accenture PLC - Class A |
11,032 | 3,388,037 | ||||||
Akamai Technologies, Inc. (a) |
2,658 | 283,183 | ||||||
Bechtle AG |
3,726 | 174,506 | ||||||
Capgemini SE |
7,532 | 1,307,847 | ||||||
Cognizant Technology Solutions Corp. - Class A |
8,833 | 598,347 | ||||||
DXC Technology Co. (a) |
3,588 | 74,738 | ||||||
EPAM Systems, Inc. (a) |
1,014 | 259,270 | ||||||
Fujitsu Ltd. |
8,036 | 945,490 | ||||||
Gartner, Inc. (a) |
1,379 | 473,838 | ||||||
International Business Machines Corp. |
15,933 | 2,235,400 | ||||||
NEC Corp. |
11,216 | 619,501 | ||||||
Nomura Research Institute Ltd. |
17,624 | 458,646 | ||||||
NTT Data Group Corp. |
28,824 | 386,191 | ||||||
Obic Co. Ltd. |
3,200 | 486,854 | ||||||
Otsuka Corp. |
5,290 | 223,998 | ||||||
SCSK Corp. |
7,189 | 125,397 | ||||||
IT Services(Continued) | ||||||||
TIS, Inc. |
10,092 | 222,136 | ||||||
VeriSign, Inc. (a) |
1,569 | 317,770 | ||||||
Wix.com Ltd. (a) |
2,495 | 229,041 | ||||||
|
|
|||||||
12,810,190 | ||||||||
|
|
|||||||
Leisure Products0.1% | ||||||||
Bandai Namco Holdings, Inc. |
27,375 | 556,767 | ||||||
Hasbro, Inc. |
2,281 | 150,865 | ||||||
Shimano, Inc. |
3,538 | 477,728 | ||||||
Yamaha Corp. |
6,491 | 177,258 | ||||||
|
|
|||||||
1,362,618 | ||||||||
|
|
|||||||
Life Sciences Tools & Services0.5% | ||||||||
Agilent Technologies, Inc. |
5,166 | 577,662 | ||||||
Bachem Holding AG |
1,567 | 115,525 | ||||||
Bio-Rad Laboratories, Inc. - Class A (a) |
365 | 130,834 | ||||||
Bio-Techne Corp. |
2,753 | 187,397 | ||||||
Charles River Laboratories International, Inc. (a) (b) |
897 | 175,794 | ||||||
Danaher Corp. |
11,493 | 2,851,413 | ||||||
Eurofins Scientific SE |
6,175 | 348,162 | ||||||
Illumina, Inc. (a) |
2,769 | 380,128 | ||||||
IQVIA Holdings, Inc. (a) |
3,203 | 630,190 | ||||||
Lonza Group AG |
3,402 | 1,573,925 | ||||||
Mettler-Toledo International, Inc. (a) |
382 | 423,283 | ||||||
QIAGEN NV (a) |
10,485 | 424,349 | ||||||
Revvity, Inc. |
2,171 | 240,330 | ||||||
Sartorius Stedim Biotech |
1,272 | 302,706 | ||||||
Thermo Fisher Scientific, Inc. |
6,750 | 3,416,648 | ||||||
Waters Corp. (a) |
1,034 | 283,533 | ||||||
West Pharmaceutical Services, Inc. |
1,292 | 484,771 | ||||||
|
|
|||||||
12,546,650 | ||||||||
|
|
|||||||
Machinery1.2% | ||||||||
Alfa Laval AB |
13,214 | 452,097 | ||||||
Alstom SA |
13,080 | 310,373 | ||||||
Atlas Copco AB - A Shares |
122,676 | 1,643,598 | ||||||
Atlas Copco AB - B Shares |
71,287 | 832,795 | ||||||
Caterpillar, Inc. |
8,922 | 2,435,706 | ||||||
CNH Industrial NV |
46,735 | 566,179 | ||||||
Cummins, Inc. |
2,477 | 565,895 | ||||||
Daifuku Co. Ltd. |
13,945 | 263,679 | ||||||
Daimler Truck Holding AG |
22,551 | 782,080 | ||||||
Deere & Co. |
4,769 | 1,799,725 | ||||||
Dover Corp. |
2,446 | 341,242 | ||||||
Epiroc AB - A Shares |
30,137 | 570,423 | ||||||
Epiroc AB - B Shares |
17,810 | 284,774 | ||||||
FANUC Corp. |
43,533 | 1,136,345 | ||||||
Fortive Corp. |
6,157 | 456,603 | ||||||
GEA Group AG |
7,042 | 260,293 | ||||||
Hitachi Construction Machinery Co. Ltd. |
4,944 | 150,406 | ||||||
Hoshizaki Corp. |
4,932 | 171,321 | ||||||
Husqvarna AB - B Shares |
15,970 | 121,778 | ||||||
IDEX Corp. |
1,322 | 275,003 | ||||||
Illinois Tool Works, Inc. |
4,813 | 1,108,482 | ||||||
Indutrade AB |
12,402 | 228,906 | ||||||
Ingersoll Rand, Inc. |
7,073 | 450,692 |
BHFTI-10
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Machinery(Continued) | ||||||||
Knorr-Bremse AG |
3,354 | $ | 213,294 | |||||
Komatsu Ltd. |
42,236 | 1,141,412 | ||||||
Kone Oyj - Class B |
15,524 | 654,546 | ||||||
Kubota Corp. |
46,236 | 683,918 | ||||||
Kurita Water Industries Ltd. |
4,854 | 169,206 | ||||||
Makita Corp. |
10,269 | 254,382 | ||||||
Metso Oyj |
29,979 | 314,086 | ||||||
MINEBEA MITSUMI, Inc. |
16,590 | 270,602 | ||||||
MISUMI Group, Inc. |
12,982 | 202,688 | ||||||
Mitsubishi Heavy Industries Ltd. |
14,638 | 820,111 | ||||||
NGK Insulators Ltd. |
10,499 | 139,157 | ||||||
Nordson Corp. |
947 | 211,342 | ||||||
Otis Worldwide Corp. |
7,201 | 578,312 | ||||||
PACCAR, Inc. |
9,144 | 777,423 | ||||||
Parker-Hannifin Corp. |
2,244 | 874,083 | ||||||
Pentair PLC |
2,888 | 186,998 | ||||||
Rational AG |
240 | 151,946 | ||||||
Sandvik AB |
48,696 | 892,796 | ||||||
Schindler Holding AG |
1,085 | 208,708 | ||||||
Schindler Holding AG (Participation Certificate) |
1,866 | 371,940 | ||||||
Seatrium Ltd. (a) |
2,025,628 | 197,907 | ||||||
SKF AB - B Shares |
15,404 | 255,418 | ||||||
SMC Corp. |
2,616 | 1,171,004 | ||||||
Snap-on, Inc. |
925 | 235,931 | ||||||
Spirax-Sarco Engineering PLC |
3,396 | 392,702 | ||||||
Stanley Black & Decker, Inc. |
2,680 | 223,994 | ||||||
Techtronic Industries Co. Ltd. |
62,835 | 610,063 | ||||||
Toyota Industries Corp. |
6,720 | 529,023 | ||||||
VAT Group AG (144A) |
1,233 | 439,064 | ||||||
Volvo AB - A Shares |
9,076 | 188,760 | ||||||
Volvo AB - B Shares |
68,920 | 1,418,694 | ||||||
Wartsila Oyj Abp |
21,399 | 242,563 | ||||||
Westinghouse Air Brake Technologies Corp. |
3,133 | 332,944 | ||||||
Xylem, Inc. |
4,212 | 383,418 | ||||||
Yaskawa Electric Corp. |
10,962 | 395,186 | ||||||
|
|
|||||||
31,342,016 | ||||||||
|
|
|||||||
Marine Transportation0.1% | ||||||||
AP Moller - Maersk AS - Class A (b) |
139 | 246,611 | ||||||
AP Moller - Maersk AS - Class B |
222 | 400,068 | ||||||
Kawasaki Kisen Kaisha Ltd. |
6,383 | 217,622 | ||||||
Kuehne & Nagel International AG |
2,482 | 703,774 | ||||||
Mitsui OSK Lines Ltd. (b) |
15,757 | 432,298 | ||||||
Nippon Yusen KK |
22,218 | 575,743 | ||||||
SITC International Holdings Co. Ltd. |
59,171 | 99,334 | ||||||
|
|
|||||||
2,675,450 | ||||||||
|
|
|||||||
Media0.3% | ||||||||
Charter Communications, Inc. - Class A (a) |
1,780 | 782,880 | ||||||
Comcast Corp. - Class A |
71,981 | 3,191,638 | ||||||
CyberAgent, Inc. |
18,972 | 102,270 | ||||||
Dentsu Group, Inc. |
9,241 | 271,945 | ||||||
Fox Corp. - Class A |
4,437 | 138,434 | ||||||
Fox Corp. - Class B |
2,307 | 66,626 | ||||||
Hakuhodo DY Holdings, Inc. |
9,750 | 80,124 | ||||||
Informa PLC |
63,921 | 582,471 | ||||||
Media(Continued) | ||||||||
Interpublic Group of Cos., Inc. (b) |
6,732 | 192,939 | ||||||
News Corp. - Class A |
6,663 | 133,660 | ||||||
News Corp. - Class B |
2,020 | 42,157 | ||||||
Omnicom Group, Inc. |
3,455 | 257,328 | ||||||
Paramount Global - Class B (b) |
8,434 | 108,799 | ||||||
Publicis Groupe SA |
10,454 | 789,452 | ||||||
Vivendi SE |
30,926 | 271,357 | ||||||
WPP PLC |
48,579 | 432,928 | ||||||
|
|
|||||||
7,445,008 | ||||||||
|
|
|||||||
Metals & Mining1.0% | ||||||||
Anglo American PLC |
58,035 | 1,606,776 | ||||||
Antofagasta PLC |
18,010 | 311,991 | ||||||
ArcelorMittal SA |
23,370 | 584,481 | ||||||
BHP Group Ltd. |
231,363 | 6,560,429 | ||||||
BlueScope Steel Ltd. |
20,847 | 260,351 | ||||||
Boliden AB |
12,554 | 357,334 | ||||||
Endeavour Mining PLC |
8,392 | 162,196 | ||||||
Fortescue Metals Group Ltd. |
77,341 | 1,037,208 | ||||||
Freeport-McMoRan, Inc. |
25,073 | 934,972 | ||||||
Glencore PLC |
481,031 | 2,750,924 | ||||||
IGO Ltd. |
30,587 | 249,287 | ||||||
JFE Holdings, Inc. |
22,221 | 326,517 | ||||||
Mineral Resources Ltd. |
7,994 | 346,370 | ||||||
Newcrest Mining Ltd. |
40,841 | 646,914 | ||||||
Newmont Corp. |
13,899 | 513,568 | ||||||
Nippon Steel Corp. |
39,062 | 915,509 | ||||||
Norsk Hydro ASA |
60,355 | 378,822 | ||||||
Northern Star Resources Ltd. |
52,531 | 351,653 | ||||||
Nucor Corp. |
4,350 | 680,122 | ||||||
Pilbara Minerals Ltd. |
121,974 | 335,735 | ||||||
Rio Tinto Ltd. |
16,954 | 1,245,751 | ||||||
Rio Tinto PLC |
51,421 | 3,230,120 | ||||||
South32 Ltd. |
205,864 | 450,386 | ||||||
Steel Dynamics, Inc. |
2,723 | 291,960 | ||||||
Sumitomo Metal Mining Co. Ltd. |
11,335 | 333,341 | ||||||
voestalpine AG (b) |
5,267 | 142,849 | ||||||
|
|
|||||||
25,005,566 | ||||||||
|
|
|||||||
Multi-Utilities0.4% | ||||||||
Ameren Corp. |
4,595 | 343,844 | ||||||
CenterPoint Energy, Inc. |
11,039 | 296,397 | ||||||
Centrica PLC |
254,136 | 477,110 | ||||||
CMS Energy Corp. |
5,102 | 270,967 | ||||||
Consolidated Edison, Inc. |
6,033 | 516,003 | ||||||
Dominion Energy, Inc. |
14,635 | 653,746 | ||||||
DTE Energy Co. |
3,606 | 358,004 | ||||||
E.ON SE |
102,538 | 1,214,619 | ||||||
Engie SA |
83,417 | 1,279,067 | ||||||
National Grid PLC |
168,165 | 2,007,343 | ||||||
NiSource, Inc. |
7,228 | 178,387 | ||||||
Public Service Enterprise Group, Inc. |
8,729 | 496,767 | ||||||
Sembcorp Industries Ltd. |
40,800 | 151,679 | ||||||
Sempra |
11,006 | 748,738 | ||||||
Veolia Environnement SA |
31,039 | 897,962 |
BHFTI-11
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Multi-Utilities(Continued) | ||||||||
WEC Energy Group, Inc. |
5,517 | $ | 444,394 | |||||
|
|
|||||||
10,335,027 | ||||||||
|
|
|||||||
Office REITs0.4% | ||||||||
Abacus Group |
44,408 | 29,788 | ||||||
Alexandria Real Estate Equities, Inc. (b) |
17,831 | 1,784,883 | ||||||
Allied Properties Real Estate Investment Trust |
11,079 | 146,252 | ||||||
Boston Properties, Inc. (b) |
16,289 | 968,870 | ||||||
Brandywine Realty Trust (b) |
14,801 | 67,197 | ||||||
Centuria Office REIT |
40,709 | 29,825 | ||||||
Champion REIT |
163,456 | 53,567 | ||||||
CLS Holdings PLC |
14,628 | 21,109 | ||||||
Corporate Office Properties Trust (b) |
9,834 | 234,344 | ||||||
Cousins Properties, Inc. |
13,310 | 271,125 | ||||||
Covivio SA |
6,980 | 309,676 | ||||||
Cromwell Property Group |
124,935 | 29,370 | ||||||
Daiwa Office Investment Corp. |
24 | 107,249 | ||||||
Derwent London PLC |
9,807 | 229,200 | ||||||
Dexus |
143,417 | 674,276 | ||||||
Douglas Emmett, Inc. (b) |
14,284 | 182,264 | ||||||
Easterly Government Properties, Inc. (b) |
8,191 | 93,623 | ||||||
Gecina SA |
6,692 | 681,497 | ||||||
Global One Real Estate Investment Corp. |
91 | 69,901 | ||||||
Great Portland Estates PLC |
18,907 | 96,291 | ||||||
Helical PLC |
9,014 | 23,245 | ||||||
Highwoods Properties, Inc. (b) |
9,132 | 188,211 | ||||||
Hudson Pacific Properties, Inc. (b) |
12,008 | 79,853 | ||||||
Ichigo Office REIT Investment Corp. |
104 | 60,879 | ||||||
Inmobiliaria Colonial Socimi SA |
27,983 | 158,496 | ||||||
Japan Excellent, Inc. |
109 | 96,475 | ||||||
Japan Prime Realty Investment Corp. |
81 | 195,615 | ||||||
Japan Real Estate Investment Corp. |
177 | 690,301 | ||||||
JBG SMITH Properties (b) |
9,531 | 137,818 | ||||||
JR Global REIT |
10,148 | 30,576 | ||||||
Kenedix Office Investment Corp. |
66 | 152,779 | ||||||
Keppel Pacific Oak U.S. REIT |
74,600 | 16,406 | ||||||
Keppel REIT |
191,532 | 119,722 | ||||||
Kilroy Realty Corp. |
10,250 | 324,003 | ||||||
Mirai Corp. |
144 | 45,667 | ||||||
Mori Hills REIT Investment Corp. - Class C |
139 | 131,777 | ||||||
Nippon Building Fund, Inc. |
206 | 835,130 | ||||||
NSI NV |
1,540 | 29,190 | ||||||
One REIT, Inc. |
22 | 38,152 | ||||||
Orix JREIT, Inc. |
232 | 278,463 | ||||||
Paramount Group, Inc. (b) |
16,107 | 74,414 | ||||||
Piedmont Office Realty Trust, Inc. - Class A |
10,730 | 60,303 | ||||||
Precinct Properties New Zealand Ltd. |
117,128 | 80,723 | ||||||
Prosperity REIT |
104,100 | 19,235 | ||||||
Regional REIT Ltd. (144A) |
38,729 | 13,433 | ||||||
Sankei Real Estate, Inc. |
41 | 25,100 | ||||||
SL Green Realty Corp. (b) |
5,642 | 210,447 | ||||||
Vornado Realty Trust (b) |
15,502 | 351,585 | ||||||
Workspace Group PLC |
12,576 | 74,791 | ||||||
|
|
|||||||
10,623,096 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels2.3% | ||||||||
Aker BP ASA |
14,379 | 397,393 | ||||||
Ampol Ltd. |
10,991 | 238,958 | ||||||
APA Corp. |
5,374 | 220,871 | ||||||
BP PLC |
792,481 | 5,116,928 | ||||||
Chevron Corp. |
31,031 | 5,232,447 | ||||||
ConocoPhillips |
20,943 | 2,508,971 | ||||||
Coterra Energy, Inc. |
13,247 | 358,331 | ||||||
Devon Energy Corp. |
11,205 | 534,479 | ||||||
Diamondback Energy, Inc. (b) |
3,127 | 484,310 | ||||||
ENEOS Holdings, Inc. |
130,246 | 513,804 | ||||||
Eni SpA |
107,929 | 1,733,497 | ||||||
EOG Resources, Inc. |
10,183 | 1,290,797 | ||||||
EQT Corp. |
6,325 | 256,669 | ||||||
Equinor ASA |
41,147 | 1,349,070 | ||||||
Exxon Mobil Corp. |
70,014 | 8,232,246 | ||||||
Galp Energia SGPS SA |
22,481 | 333,015 | ||||||
Hess Corp. |
4,833 | 739,449 | ||||||
Idemitsu Kosan Co. Ltd. |
8,843 | 203,362 | ||||||
Inpex Corp. |
44,331 | 665,294 | ||||||
Kinder Morgan, Inc. |
33,903 | 562,112 | ||||||
Marathon Oil Corp. |
10,593 | 283,363 | ||||||
Marathon Petroleum Corp. |
6,993 | 1,058,321 | ||||||
Neste Oyj (b) |
19,322 | 656,167 | ||||||
Occidental Petroleum Corp. (b) |
11,604 | 752,868 | ||||||
OMV AG |
6,721 | 320,934 | ||||||
ONEOK, Inc. |
7,830 | 496,657 | ||||||
Phillips 66 |
7,788 | 935,728 | ||||||
Pioneer Natural Resources Co. |
4,077 | 935,875 | ||||||
Repsol SA |
58,340 | 960,370 | ||||||
Santos Ltd. |
148,226 | 750,569 | ||||||
Shell PLC |
306,198 | 9,721,792 | ||||||
Targa Resources Corp. |
3,913 | 335,422 | ||||||
TotalEnergies SE |
102,690 | 6,757,758 | ||||||
Valero Energy Corp. (b) |
6,176 | 875,201 | ||||||
Williams Cos., Inc. |
21,274 | 716,721 | ||||||
Woodside Energy Group Ltd. |
86,719 | 2,020,424 | ||||||
|
|
|||||||
58,550,173 | ||||||||
|
|
|||||||
Paper & Forest Products0.1% | ||||||||
Holmen AB - B Shares |
4,268 | 165,706 | ||||||
Mondi PLC |
22,176 | 369,942 | ||||||
Oji Holdings Corp. |
38,977 | 165,250 | ||||||
Stora Enso Oyj - R Shares |
26,299 | 329,209 | ||||||
Svenska Cellulosa AB SCA - Class B |
27,671 | 378,427 | ||||||
UPM-Kymmene Oyj |
24,377 | 833,788 | ||||||
|
|
|||||||
2,242,322 | ||||||||
|
|
|||||||
Passenger Airlines0.1% | ||||||||
Alaska Air Group, Inc. (a) |
2,225 | 82,503 | ||||||
American Airlines Group, Inc. (a) (b) |
11,427 | 146,380 | ||||||
ANA Holdings, Inc. (a) (b) |
7,277 | 152,493 | ||||||
Delta Air Lines, Inc. |
11,253 | 416,361 | ||||||
Deutsche Lufthansa AG (a) |
27,021 | 214,674 | ||||||
Japan Airlines Co. Ltd. |
6,626 | 128,878 | ||||||
Qantas Airways Ltd. (a) |
38,292 | 127,456 | ||||||
Singapore Airlines Ltd. |
67,912 | 320,710 |
BHFTI-12
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Passenger Airlines(Continued) | ||||||||
Southwest Airlines Co. (b) |
10,417 | $ | 281,988 | |||||
United Airlines Holdings, Inc. (a) |
5,736 | 242,633 | ||||||
|
|
|||||||
2,114,076 | ||||||||
|
|
|||||||
Personal Care Products0.6% | ||||||||
Beiersdorf AG |
4,604 | 594,488 | ||||||
Estee Lauder Cos., Inc. - Class A |
4,055 | 586,150 | ||||||
Haleon PLC |
253,053 | 1,050,060 | ||||||
Kao Corp. |
21,279 | 790,147 | ||||||
Kenvue, Inc. |
30,141 | 605,231 | ||||||
Kobayashi Pharmaceutical Co. Ltd. |
2,320 | 103,587 | ||||||
Kose Corp. |
1,575 | 114,177 | ||||||
LOreal SA |
11,016 | 4,562,159 | ||||||
Shiseido Co. Ltd. |
18,269 | 641,346 | ||||||
Unilever PLC |
114,865 | 5,668,374 | ||||||
|
|
|||||||
14,715,719 | ||||||||
|
|
|||||||
Pharmaceuticals3.6% | ||||||||
Astellas Pharma, Inc. |
82,650 | 1,141,595 | ||||||
AstraZeneca PLC |
70,786 | 9,526,153 | ||||||
Bayer AG |
44,869 | 2,155,054 | ||||||
Bristol-Myers Squibb Co. |
36,537 | 2,120,607 | ||||||
Catalent, Inc. (a) (b) |
3,153 | 143,556 | ||||||
Chugai Pharmaceutical Co. Ltd. |
30,674 | 950,439 | ||||||
Daiichi Sankyo Co. Ltd. |
84,478 | 2,318,568 | ||||||
Eisai Co. Ltd. |
11,513 | 639,142 | ||||||
Eli Lilly & Co. |
13,946 | 7,490,815 | ||||||
GSK PLC |
187,024 | 3,380,960 | ||||||
Hikma Pharmaceuticals PLC |
7,498 | 191,042 | ||||||
Ipsen SA |
1,747 | 228,819 | ||||||
Johnson & Johnson |
42,115 | 6,559,411 | ||||||
Kyowa Kirin Co. Ltd. |
12,408 | 216,088 | ||||||
Merck & Co., Inc. |
44,380 | 4,568,921 | ||||||
Merck KGaA |
5,903 | 986,633 | ||||||
Novartis AG |
93,615 | 9,552,842 | ||||||
Novo Nordisk AS |
149,044 | 13,557,912 | ||||||
Ono Pharmaceutical Co. Ltd. |
17,808 | 341,553 | ||||||
Organon & Co. |
4,470 | 77,599 | ||||||
Orion Oyj - Class B |
4,954 | 194,587 | ||||||
Otsuka Holdings Co. Ltd. |
17,834 | 634,440 | ||||||
Pfizer, Inc. |
98,745 | 3,275,372 | ||||||
Recordati Industria Chimica e Farmaceutica SpA |
4,832 | 227,805 | ||||||
Roche Holding AG |
32,088 | 8,752,489 | ||||||
Roche Holding AG (Bearer Shares) |
1,463 | 430,441 | ||||||
Sanofi |
51,890 | 5,567,910 | ||||||
Shionogi & Co. Ltd. |
11,933 | 533,588 | ||||||
Takeda Pharmaceutical Co. Ltd. |
72,267 | 2,244,320 | ||||||
Teva Pharmaceutical Industries Ltd. (ADR) (a) |
51,169 | 521,924 | ||||||
UCB SA |
5,805 | 475,009 | ||||||
Viatris, Inc. |
20,979 | 206,853 | ||||||
Zoetis, Inc. |
8,051 | 1,400,713 | ||||||
|
|
|||||||
90,613,160 | ||||||||
|
|
|||||||
Professional Services0.6% | ||||||||
Adecco Group AG |
7,323 | 300,380 | ||||||
Automatic Data Processing, Inc. |
7,205 | 1,733,379 | ||||||
Professional Services(Continued) | ||||||||
BayCurrent Consulting, Inc. |
6,099 | 203,787 | ||||||
Broadridge Financial Solutions, Inc. |
2,066 | 369,917 | ||||||
Bureau Veritas SA |
13,529 | 335,135 | ||||||
Ceridian HCM Holding, Inc. (a) (b) |
2,722 | 184,688 | ||||||
Computershare Ltd. |
26,241 | 438,950 | ||||||
Equifax, Inc. (b) |
2,146 | 393,104 | ||||||
Experian PLC |
42,019 | 1,372,725 | ||||||
Intertek Group PLC |
7,416 | 370,823 | ||||||
Jacobs Solutions, Inc. |
2,202 | 300,573 | ||||||
Leidos Holdings, Inc. |
2,402 | 221,368 | ||||||
Paychex, Inc. |
5,612 | 647,232 | ||||||
Paycom Software, Inc. |
861 | 223,232 | ||||||
Persol Holdings Co. Ltd. |
85,200 | 138,608 | ||||||
Randstad NV |
5,076 | 279,798 | ||||||
Recruit Holdings Co. Ltd. |
65,839 | 2,027,477 | ||||||
RELX PLC |
86,487 | 2,916,740 | ||||||
Robert Half, Inc. |
1,873 | 137,253 | ||||||
SGS SA |
6,847 | 574,794 | ||||||
Teleperformance SE |
2,730 | 341,155 | ||||||
Verisk Analytics, Inc. |
2,536 | 599,105 | ||||||
Wolters Kluwer NV |
11,762 | 1,424,446 | ||||||
|
|
|||||||
15,534,669 | ||||||||
|
|
|||||||
Real Estate Management & Development1.1% | ||||||||
abrdn European Logistics Income PLC (144A) |
34,476 | 26,329 | ||||||
Aeon Mall Co. Ltd. |
10,434 | 122,841 | ||||||
Allreal Holding AG |
1,285 | 204,673 | ||||||
Amot Investments Ltd. |
18,948 | 91,683 | ||||||
Aroundtown SA (a) |
60,153 | 125,341 | ||||||
Atrium Ljungberg AB - B Shares |
3,924 | 63,934 | ||||||
Azrieli Group Ltd. |
5,143 | 263,434 | ||||||
CA Immobilien Anlagen AG |
3,608 | 119,745 | ||||||
CapitaLand Investment Ltd. |
341,085 | 771,036 | ||||||
Castellum AB |
37,579 | 382,975 | ||||||
Catena AB |
2,927 | 101,821 | ||||||
CBRE Group, Inc. - Class A (a) |
5,419 | 400,247 | ||||||
Cibus Nordic Real Estate AB |
4,932 | 48,843 | ||||||
City Developments Ltd. |
63,748 | 306,994 | ||||||
Citycon Oyj (a) |
6,359 | 35,673 | ||||||
CK Asset Holdings Ltd. |
261,665 | 1,376,314 | ||||||
Corem Property Group AB - Class B |
58,822 | 32,569 | ||||||
CoStar Group, Inc. (a) |
7,142 | 549,148 | ||||||
Daito Trust Construction Co. Ltd. |
2,839 | 299,053 | ||||||
Daiwa House Industry Co. Ltd. |
27,108 | 727,929 | ||||||
Deutsche EuroShop AG |
1,004 | 19,402 | ||||||
Deutsche Wohnen SE |
4,296 | 97,640 | ||||||
DIC Asset AG (b) |
4,600 | 19,068 | ||||||
Dios Fastigheter AB |
7,781 | 44,380 | ||||||
Entra ASA (144A) |
6,229 | 53,136 | ||||||
ESR Group Ltd. (144A) |
99,988 | 140,197 | ||||||
Fabege AB (b) |
22,072 | 175,520 | ||||||
Fastighets AB Balder - B Shares (a) |
84,404 | 377,888 | ||||||
Grainger PLC |
64,127 | 182,501 | ||||||
Grand City Properties SA (a) |
8,679 | 82,063 | ||||||
Hang Lung Properties Ltd. |
81,322 | 110,538 | ||||||
Heiwa Real Estate Co. Ltd. |
2,787 | 74,180 |
BHFTI-13
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Real Estate Management & Development(Continued) | ||||||||
Henderson Land Development Co. Ltd. |
65,576 | $ | 171,742 | |||||
Hiag Immobilien Holding AG |
384 | 33,133 | ||||||
Hongkong Land Holdings Ltd. |
147,360 | 525,232 | ||||||
Hufvudstaden AB - A Shares |
9,428 | 104,118 | ||||||
Hulic Co. Ltd. |
53,948 | 483,834 | ||||||
Hysan Development Co. Ltd. |
53,189 | 102,449 | ||||||
Intershop Holding AG |
107 | 70,812 | ||||||
Kennedy-Wilson Holdings, Inc. (b) |
10,438 | 153,856 | ||||||
Kojamo Oyj |
15,943 | 140,632 | ||||||
LEG Immobilien SE (a) |
9,938 | 686,493 | ||||||
Lendlease Corp. Ltd. |
31,482 | 145,721 | ||||||
Lifestyle Communities Ltd. |
8,262 | 85,791 | ||||||
Melisron Ltd. |
2,200 | 137,200 | ||||||
Mitsubishi Estate Co. Ltd. |
148,567 | 1,942,102 | ||||||
Mitsui Fudosan Co. Ltd. |
119,310 | 2,627,851 | ||||||
Mobimo Holding AG |
616 | 165,020 | ||||||
New World Development Co. Ltd. (b) |
190,732 | 370,158 | ||||||
Nomura Real Estate Holdings, Inc. |
14,447 | 362,595 | ||||||
NP3 Fastigheter AB |
2,538 | 36,735 | ||||||
Nyfosa AB |
15,971 | 85,560 | ||||||
Pandox AB |
7,765 | 82,350 | ||||||
Peach Property Group AG (a) |
1,038 | 15,103 | ||||||
Phoenix Spree Deutschland Ltd. |
8,050 | 15,984 | ||||||
Platzer Fastigheter Holding AB - Class B |
4,741 | 29,115 | ||||||
PSP Swiss Property AG |
4,002 | 472,089 | ||||||
Sagax AB - Class B |
24,690 | 469,729 | ||||||
Samhallsbyggnadsbolaget i Norden AB (b) |
97,307 | 35,514 | ||||||
Shurgard Self Storage Ltd. |
2,194 | 86,905 | ||||||
Sino Land Co. Ltd. |
463,962 | 522,059 | ||||||
Sirius Real Estate Ltd. |
101,590 | 106,484 | ||||||
StorageVault Canada, Inc. (b) |
20,941 | 69,688 | ||||||
Sumitomo Realty & Development Co. Ltd. |
47,882 | 1,243,869 | ||||||
Sun Hung Kai Properties Ltd. |
191,240 | 2,034,070 | ||||||
Swire Pacific Ltd. - Class A |
17,108 | 115,505 | ||||||
Swire Properties Ltd. |
144,426 | 301,343 | ||||||
Swiss Prime Site AG |
10,163 | 930,061 | ||||||
TAG Immobilien AG (a) |
13,319 | 139,826 | ||||||
Tokyo Tatemono Co. Ltd. |
17,432 | 241,064 | ||||||
Tricon Residential, Inc. |
21,291 | 157,380 | ||||||
UOL Group Ltd. |
63,918 | 298,730 | ||||||
VGP NV |
887 | 82,333 | ||||||
Vonovia SE |
94,800 | 2,284,829 | ||||||
Wallenstam AB - Class B |
29,362 | 97,891 | ||||||
Wharf Real Estate Investment Co. Ltd. |
212,598 | 820,489 | ||||||
Wihlborgs Fastigheter AB |
23,336 | 162,839 | ||||||
|
|
|||||||
26,673,378 | ||||||||
|
|
|||||||
Residential REITs0.7% | ||||||||
Advance Residence Investment Corp. |
114 | 258,518 | ||||||
American Homes 4 Rent - Class A |
29,278 | 986,376 | ||||||
Apartment Income REIT Corp. |
13,075 | 401,403 | ||||||
Apartment Investment & Management Co. - Class A (b) |
12,896 | 87,693 | ||||||
AvalonBay Communities, Inc. |
14,959 | 2,569,059 | ||||||
Boardwalk Real Estate Investment Trust |
3,256 | 160,157 | ||||||
Camden Property Trust |
10,978 | 1,038,299 | ||||||
Canadian Apartment Properties REIT (b) |
14,653 | 486,330 | ||||||
Residential REITs(Continued) | ||||||||
Centerspace (b) |
1,302 | 78,459 | ||||||
Comforia Residential REIT, Inc. |
60 | 132,982 | ||||||
Daiwa Securities Living Investments Corp. |
182 | 135,039 | ||||||
Elme Communities |
7,659 | 104,469 | ||||||
Empiric Student Property PLC |
51,672 | 56,213 | ||||||
Equity LifeStyle Properties, Inc. (b) |
15,595 | 993,557 | ||||||
Equity Residential |
38,830 | 2,279,709 | ||||||
Essex Property Trust, Inc. (b) |
6,743 | 1,430,123 | ||||||
Home Invest Belgium SA |
850 | 14,263 | ||||||
Home REIT PLC (d) (e) |
72,879 | 33,790 | ||||||
Independence Realty Trust, Inc. (b) |
19,649 | 276,461 | ||||||
Ingenia Communities Group |
32,456 | 87,899 | ||||||
InterRent Real Estate Investment Trust (b) |
11,471 | 105,483 | ||||||
Invitation Homes, Inc. |
63,840 | 2,023,090 | ||||||
Irish Residential Properties REIT PLC |
39,107 | 38,224 | ||||||
Kenedix Residential Next Investment Corp. |
93 | 142,046 | ||||||
Killam Apartment Real Estate Investment Trust (b) |
10,130 | 129,921 | ||||||
Mid-America Apartment Communities, Inc. |
12,277 | 1,579,436 | ||||||
NexPoint Residential Trust, Inc. |
1,955 | 62,912 | ||||||
Nippon Accommodations Fund, Inc. |
41 | 173,085 | ||||||
PRS REIT PLC |
45,479 | 37,896 | ||||||
Residential Secure Income PLC (144A) |
16,300 | 11,759 | ||||||
Samty Residential Investment Corp. |
39 | 30,082 | ||||||
Starts Proceed Investment Corp. |
22 | 32,207 | ||||||
Sun Communities, Inc. |
10,807 | 1,278,900 | ||||||
Triple Point Social Housing REIT PLC (144A) |
31,383 | 19,208 | ||||||
UDR, Inc. |
34,137 | 1,217,667 | ||||||
UNITE Group PLC |
30,494 | 332,248 | ||||||
Veris Residential, Inc. (a) |
6,857 | 113,141 | ||||||
Xior Student Housing NV |
2,662 | 76,013 | ||||||
|
|
|||||||
19,014,117 | ||||||||
|
|
|||||||
Retail REITs1.0% | ||||||||
Acadia Realty Trust (b) |
8,114 | 116,436 | ||||||
AEON REIT Investment Corp. |
156 | 152,917 | ||||||
Agree Realty Corp. |
8,054 | 444,903 | ||||||
Ascencio |
442 | 19,298 | ||||||
Brixmor Property Group, Inc. (b) |
26,327 | 547,075 | ||||||
BWP Trust |
42,848 | 92,400 | ||||||
CapitaLand Integrated Commercial Trust |
690,317 | 931,692 | ||||||
Carmila SA |
5,017 | 75,030 | ||||||
Charter Hall Retail REIT |
43,174 | 87,363 | ||||||
Choice Properties Real Estate Investment Trust (b) |
22,543 | 210,451 | ||||||
Crombie Real Estate Investment Trust |
9,170 | 84,324 | ||||||
Eurocommercial Properties NV |
4,473 | 99,083 | ||||||
Federal Realty Investment Trust |
8,411 | 762,289 | ||||||
First Capital Real Estate Investment Trust |
18,587 | 182,004 | ||||||
Fortune Real Estate Investment Trust |
121,730 | 73,021 | ||||||
Frasers Centrepoint Trust |
95,300 | 152,494 | ||||||
Frontier Real Estate Investment Corp. |
43 | 131,593 | ||||||
Fukuoka REIT Corp. |
64 | 68,082 | ||||||
Getty Realty Corp. (b) |
3,902 | 108,202 | ||||||
Hamborner REIT AG |
6,233 | 42,497 | ||||||
Hammerson PLC |
341,928 | 104,537 | ||||||
HomeCo Daily Needs REIT |
152,793 | 112,339 | ||||||
Immobiliare Grande Distribuzione SIIQ SpA |
5,721 | 12,907 |
BHFTI-14
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Retail REITs(Continued) | ||||||||
InvenTrust Properties Corp. |
5,902 | $ | 140,527 | |||||
Japan Metropolitan Fund Invest |
928 | 602,240 | ||||||
Kenedix Retail REIT Corp. |
54 | 104,429 | ||||||
Kimco Realty Corp. |
64,050 | 1,126,639 | ||||||
Kite Realty Group Trust (b) |
18,979 | 406,530 | ||||||
Kiwi Property Group Ltd. |
138,466 | 70,180 | ||||||
Klepierre SA |
27,969 | 684,740 | ||||||
Lendlease Global Commercial REIT |
164,174 | 65,382 | ||||||
Link REIT |
340,263 | 1,658,628 | ||||||
LOTTE REIT Co. Ltd. |
10,668 | 25,861 | ||||||
Macerich Co. (b) |
18,828 | 205,413 | ||||||
Mapletree Pan Asia Commercial Trust |
305,764 | 319,969 | ||||||
Mercialys SA |
7,804 | 70,331 | ||||||
NETSTREIT Corp. (b) |
5,850 | 91,143 | ||||||
NewRiver REIT PLC |
26,976 | 26,264 | ||||||
NNN REIT, Inc. |
15,928 | 562,896 | ||||||
Paragon REIT |
95,550 | 58,344 | ||||||
Phillips Edison & Co., Inc. (b) |
10,250 | 343,785 | ||||||
Primaris Real Estate Investment Trust |
8,439 | 83,815 | ||||||
Realty Income Corp. (b) |
71,673 | 3,579,350 | ||||||
Regency Centers Corp. |
18,757 | 1,114,916 | ||||||
Region RE Ltd. |
101,155 | 131,178 | ||||||
Retail Estates NV |
1,051 | 62,776 | ||||||
Retail Opportunity Investments Corp. (b) |
10,693 | 132,379 | ||||||
RioCan Real Estate Investment Trust (b) |
26,296 | 349,839 | ||||||
RPT Realty |
7,469 | 78,873 | ||||||
Scentre Group |
694,279 | 1,104,469 | ||||||
Shaftesbury Capital PLC |
119,975 | 167,129 | ||||||
Simon Property Group, Inc. |
34,286 | 3,703,917 | ||||||
SITE Centers Corp. |
16,589 | 204,542 | ||||||
SmartCentres Real Estate Investment Trust (b) |
11,392 | 190,894 | ||||||
Spirit Realty Capital, Inc. |
12,369 | 414,733 | ||||||
Starhill Global REIT |
126,400 | 44,804 | ||||||
Supermarket Income REIT PLC |
109,500 | 101,245 | ||||||
Tanger Factory Outlet Centers, Inc. (b) |
8,876 | 200,598 | ||||||
Unibail-Rodamco-Westfield (a) |
14,452 | 711,279 | ||||||
Urban Edge Properties (b) |
10,002 | 152,631 | ||||||
Vastned Retail NV |
1,485 | 30,279 | ||||||
Vicinity Ltd. |
507,079 | 552,671 | ||||||
Waypoint REIT Ltd. |
59,203 | 85,916 | ||||||
Wereldhave NV |
3,493 | 55,578 | ||||||
|
|
|||||||
24,428,049 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment2.7% | ||||||||
Advanced Micro Devices, Inc. (a) |
28,257 | 2,905,385 | ||||||
Advantest Corp. |
34,992 | 972,745 | ||||||
Analog Devices, Inc. |
8,770 | 1,535,539 | ||||||
Applied Materials, Inc. |
14,687 | 2,033,415 | ||||||
ASM International NV |
2,145 | 895,750 | ||||||
ASML Holding NV |
18,412 | 10,812,247 | ||||||
BE Semiconductor Industries NV |
3,521 | 344,281 | ||||||
Broadcom, Inc. (b) |
7,218 | 5,995,126 | ||||||
Disco Corp. |
4,205 | 772,202 | ||||||
Enphase Energy, Inc. (a) (b) |
2,385 | 286,558 | ||||||
First Solar, Inc. (a) |
1,868 | 301,850 | ||||||
Infineon Technologies AG |
59,643 | 1,978,056 | ||||||
Semiconductors & Semiconductor Equipment(Continued) | ||||||||
Intel Corp. |
73,246 | 2,603,895 | ||||||
KLA Corp. |
2,391 | 1,096,656 | ||||||
Lam Research Corp. |
2,331 | 1,461,001 | ||||||
Lasertec Corp. |
3,459 | 537,034 | ||||||
Microchip Technology, Inc. |
9,520 | 743,036 | ||||||
Micron Technology, Inc. |
19,156 | 1,303,183 | ||||||
Monolithic Power Systems, Inc. (b) |
836 | 386,232 | ||||||
NVIDIA Corp. |
43,199 | 18,791,133 | ||||||
NXP Semiconductors NV |
4,509 | 901,439 | ||||||
ON Semiconductor Corp. (a) (b) |
7,547 | 701,494 | ||||||
Qorvo, Inc. (a) |
1,712 | 163,445 | ||||||
QUALCOMM, Inc. |
19,518 | 2,167,669 | ||||||
Renesas Electronics Corp. (a) |
58,139 | 891,999 | ||||||
Rohm Co. Ltd. |
16,176 | 306,124 | ||||||
Skyworks Solutions, Inc. |
2,788 | 274,869 | ||||||
SolarEdge Technologies, Inc. (a) (b) |
989 | 128,085 | ||||||
STMicroelectronics NV |
31,215 | 1,344,882 | ||||||
SUMCO Corp. |
15,830 | 205,880 | ||||||
Teradyne, Inc. (b) |
2,694 | 270,639 | ||||||
Texas Instruments, Inc. |
15,880 | 2,525,079 | ||||||
Tokyo Electron Ltd. |
21,541 | 2,931,403 | ||||||
|
|
|||||||
68,568,331 | ||||||||
|
|
|||||||
Software2.9% | ||||||||
Adobe, Inc. (a) |
7,972 | 4,064,923 | ||||||
ANSYS, Inc. (a) |
1,518 | 451,681 | ||||||
Autodesk, Inc. (a) |
3,738 | 773,430 | ||||||
Cadence Design Systems, Inc. (a) |
4,753 | 1,113,628 | ||||||
Check Point Software Technologies Ltd. (a) |
4,275 | 569,772 | ||||||
CyberArk Software Ltd. (a) |
1,908 | 312,473 | ||||||
Dassault Systemes SE |
30,599 | 1,137,632 | ||||||
Fair Isaac Corp. (a) |
435 | 377,811 | ||||||
Fortinet, Inc. (a) (b) |
11,400 | 668,952 | ||||||
Gen Digital, Inc. |
9,841 | 173,989 | ||||||
Intuit, Inc. |
4,898 | 2,502,584 | ||||||
Microsoft Corp. (c) |
129,942 | 41,029,187 | ||||||
Monday.com Ltd. (a) |
993 | 158,105 | ||||||
Nemetschek SE |
2,626 | 160,446 | ||||||
Nice Ltd. (a) |
2,907 | 494,190 | ||||||
Oracle Corp. |
27,533 | 2,916,295 | ||||||
Oracle Corp. Japan |
1,769 | 131,893 | ||||||
Palo Alto Networks, Inc. (a) |
5,349 | 1,254,020 | ||||||
PTC, Inc. (a) |
2,078 | 294,411 | ||||||
Roper Technologies, Inc. |
1,866 | 903,666 | ||||||
Sage Group PLC |
46,816 | 563,424 | ||||||
Salesforce, Inc. (a) |
17,035 | 3,454,357 | ||||||
SAP SE |
47,692 | 6,190,708 | ||||||
ServiceNow, Inc. (a) |
3,568 | 1,994,369 | ||||||
Synopsys, Inc. (a) |
2,661 | 1,221,319 | ||||||
Temenos AG |
2,953 | 207,122 | ||||||
Trend Micro, Inc. |
6,111 | 231,516 | ||||||
Tyler Technologies, Inc. (a) |
736 | 284,199 | ||||||
WiseTech Global Ltd. |
7,612 | 317,481 | ||||||
Xero Ltd. (a) |
6,569 | 476,195 | ||||||
|
|
|||||||
74,429,778 | ||||||||
|
|
BHFTI-15
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Specialized REITs1.1% | ||||||||
Abacus Storage King (a) |
46,858 | $ | 31,332 | |||||
American Tower Corp. |
8,153 | 1,340,761 | ||||||
Arena REIT |
28,676 | 62,110 | ||||||
Big Yellow Group PLC |
14,903 | 169,979 | ||||||
Charter Hall Social Infrastructure REIT |
29,376 | 47,584 | ||||||
Crown Castle, Inc. |
7,585 | 698,048 | ||||||
CubeSmart (b) |
19,651 | 749,293 | ||||||
Digital Core REIT Management Pte. Ltd. |
63,750 | 33,757 | ||||||
Digital Realty Trust, Inc. (b) |
31,574 | 3,821,085 | ||||||
EPR Properties (b) |
6,494 | 269,761 | ||||||
Equinix, Inc. |
9,902 | 7,191,426 | ||||||
Extra Space Storage, Inc. |
22,105 | 2,687,526 | ||||||
Four Corners Property Trust, Inc. (b) |
7,558 | 167,712 | ||||||
Gaming & Leisure Properties, Inc. |
22,134 | 1,008,204 | ||||||
Iron Mountain, Inc. |
5,104 | 303,433 | ||||||
Keppel DC REIT |
112,507 | 171,354 | ||||||
National Storage Affiliates Trust (b) |
6,984 | 221,672 | ||||||
National Storage REIT |
109,493 | 153,741 | ||||||
Public Storage |
16,578 | 4,368,635 | ||||||
Safehold, Inc. (b) |
3,815 | 67,907 | ||||||
Safestore Holdings PLC |
18,645 | 167,310 | ||||||
SBA Communications Corp. |
1,896 | 379,522 | ||||||
VICI Properties, Inc. (b) |
106,062 | 3,086,404 | ||||||
Weyerhaeuser Co. |
12,780 | 391,835 | ||||||
|
|
|||||||
27,590,391 | ||||||||
|
|
|||||||
Specialty Retail0.7% | ||||||||
AutoZone, Inc. (a) |
318 | 807,717 | ||||||
Bath & Body Works, Inc. |
4,004 | 135,335 | ||||||
Best Buy Co., Inc. |
3,354 | 233,002 | ||||||
CarMax, Inc. (a) (b) |
2,767 | 195,710 | ||||||
Dufry AG (a) |
4,456 | 169,577 | ||||||
Fast Retailing Co. Ltd. |
7,994 | 1,741,150 | ||||||
H & M Hennes & Mauritz AB - B Shares |
29,375 | 417,645 | ||||||
Home Depot, Inc. |
17,583 | 5,312,879 | ||||||
Industria de Diseno Textil SA |
49,820 | 1,854,267 | ||||||
JD Sports Fashion PLC |
117,153 | 213,428 | ||||||
Kingfisher PLC |
86,166 | 233,563 | ||||||
Lowes Cos., Inc. |
10,248 | 2,129,944 | ||||||
Nitori Holdings Co. Ltd. |
3,656 | 409,371 | ||||||
OReilly Automotive, Inc. (a) |
1,056 | 959,756 | ||||||
Ross Stores, Inc. |
5,958 | 672,956 | ||||||
TJX Cos., Inc. |
20,100 | 1,786,488 | ||||||
Tractor Supply Co. (b) |
1,903 | 386,404 | ||||||
Ulta Beauty, Inc. (a) |
871 | 347,921 | ||||||
USS Co. Ltd. |
9,373 | 154,980 | ||||||
Zalando SE (a) |
10,184 | 227,427 | ||||||
ZOZO, Inc. |
6,405 | 117,478 | ||||||
|
|
|||||||
18,506,998 | ||||||||
|
|
|||||||
Technology Hardware, Storage & Peripherals1.9% | ||||||||
Apple, Inc. |
257,028 | 44,005,764 | ||||||
Brother Industries Ltd. |
10,571 | 170,222 | ||||||
Canon, Inc. (b) |
45,686 | 1,103,933 | ||||||
FUJIFILM Holdings Corp. |
17,043 | 986,803 | ||||||
Hewlett Packard Enterprise Co. |
22,588 | 392,353 | ||||||
Technology Hardware, Storage & Peripherals(Continued) | ||||||||
HP, Inc. |
15,174 | 389,972 | ||||||
Logitech International SA |
7,511 | 517,601 | ||||||
NetApp, Inc. |
3,687 | 279,770 | ||||||
Ricoh Co. Ltd. |
24,798 | 213,943 | ||||||
Seagate Technology Holdings PLC (b) |
3,373 | 222,449 | ||||||
Seiko Epson Corp. |
13,054 | 205,020 | ||||||
Western Digital Corp. (a) |
5,595 | 255,300 | ||||||
|
|
|||||||
48,743,130 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods0.9% | ||||||||
Adidas AG |
7,399 | 1,302,697 | ||||||
Burberry Group PLC |
17,279 | 400,743 | ||||||
Cie Financiere Richemont SA - Class A |
23,841 | 2,904,846 | ||||||
Hermes International SCA |
1,447 | 2,630,494 | ||||||
Kering SA |
3,400 | 1,545,850 | ||||||
LVMH Moet Hennessy Louis Vuitton SE |
12,612 | 9,514,830 | ||||||
Moncler SpA |
9,407 | 546,034 | ||||||
NIKE, Inc. - Class B |
21,426 | 2,048,754 | ||||||
Pandora AS |
3,862 | 398,129 | ||||||
Puma SE |
4,851 | 301,941 | ||||||
Ralph Lauren Corp. (b) |
706 | 81,959 | ||||||
Swatch Group AG |
2,404 | 117,472 | ||||||
Swatch Group AG - Bearer Shares |
1,326 | 339,975 | ||||||
Tapestry, Inc. |
4,054 | 116,552 | ||||||
VF Corp. (b) |
5,781 | 102,150 | ||||||
|
|
|||||||
22,352,426 | ||||||||
|
|
|||||||
Tobacco0.4% | ||||||||
Altria Group, Inc. |
31,037 | 1,305,106 | ||||||
British American Tobacco PLC |
97,031 | 3,046,002 | ||||||
Imperial Brands PLC |
39,431 | 800,719 | ||||||
Japan Tobacco, Inc. |
54,806 | 1,261,257 | ||||||
Philip Morris International, Inc. |
27,150 | 2,513,547 | ||||||
|
|
|||||||
8,926,631 | ||||||||
|
|
|||||||
Trading Companies & Distributors0.6% | ||||||||
AerCap Holdings NV (a) |
7,052 | 441,949 | ||||||
Ashtead Group PLC |
20,014 | 1,216,503 | ||||||
Beijer Ref AB |
17,579 | 184,636 | ||||||
Brenntag SE |
6,704 | 520,600 | ||||||
Bunzl PLC |
15,434 | 547,793 | ||||||
Fastenal Co. |
9,992 | 545,963 | ||||||
IMCD NV |
2,617 | 330,796 | ||||||
ITOCHU Corp. |
54,288 | 1,961,438 | ||||||
Marubeni Corp. |
65,933 | 1,027,542 | ||||||
Mitsubishi Corp. |
52,522 | 2,502,182 | ||||||
Mitsui & Co. Ltd. |
59,970 | 2,173,559 | ||||||
MonotaRO Co. Ltd. |
11,059 | 118,332 | ||||||
Reece Ltd. |
10,362 | 124,033 | ||||||
Sumitomo Corp. |
47,761 | 952,763 | ||||||
Toyota Tsusho Corp. |
9,702 | 570,214 | ||||||
United Rentals, Inc. |
1,194 | 530,817 | ||||||
WW Grainger, Inc. |
778 | 538,251 | ||||||
|
|
|||||||
14,287,371 | ||||||||
|
|
BHFTI-16
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares/ Principal Amount* |
Value | ||||||
Transportation Infrastructure0.1% | ||||||||
Aena SME SA |
3,437 | $ | 516,980 | |||||
Aeroports de Paris |
1,385 | 163,214 | ||||||
Auckland International Airport Ltd. (a) |
56,184 | 266,229 | ||||||
Getlink SE |
16,161 | 257,486 | ||||||
Transurban Group |
140,693 | 1,145,722 | ||||||
|
|
|||||||
2,349,631 | ||||||||
|
|
|||||||
Water Utilities0.0% | ||||||||
American Water Works Co., Inc. (b) |
3,405 | 421,641 | ||||||
Severn Trent PLC |
11,522 | 331,987 | ||||||
United Utilities Group PLC |
31,142 | 359,091 | ||||||
|
|
|||||||
1,112,719 | ||||||||
|
|
|||||||
Wireless Telecommunication Services0.3% | ||||||||
KDDI Corp. |
68,359 | 2,092,557 | ||||||
SoftBank Corp. |
131,227 | 1,484,055 | ||||||
SoftBank Group Corp. |
46,996 | 1,988,944 | ||||||
T-Mobile U.S., Inc. (a) (b) |
9,053 | 1,267,873 | ||||||
Tele2 AB - B Shares |
24,150 | 184,566 | ||||||
Vodafone Group PLC |
1,050,216 | 980,681 | ||||||
|
|
|||||||
7,998,676 | ||||||||
|
|
|||||||
Total Common Stocks |
1,422,425,144 | |||||||
|
|
|||||||
U.S. Treasury & Government Agencies31.7% |
| |||||||
Federal Agencies1.5% | ||||||||
Federal Home Loan Banks |
2,175,000 | 2,150,866 | ||||||
4.625%, 06/06/25 (b) |
19,160,000 | 19,002,265 | ||||||
Federal Home Loan Mortgage Corp. |
2,709,000 | 2,997,240 | ||||||
Federal National Mortgage Association |
1,525,000 | 1,688,090 | ||||||
7.250%, 05/15/30 |
10,188,000 | 11,587,220 | ||||||
|
|
|||||||
37,425,681 | ||||||||
|
|
|||||||
U.S. Treasury30.2% | ||||||||
U.S. Treasury Bonds |
20,163,500 | 11,573,534 | ||||||
1.250%, 05/15/50 |
2,815,000 | 1,328,108 | ||||||
2.250%, 08/15/46 |
19,880,600 | 12,605,543 | ||||||
2.250%, 08/15/49 |
4,197,400 | 2,612,881 | ||||||
2.250%, 02/15/52 |
15,608,800 | 9,578,682 | ||||||
2.375%, 11/15/49 (b) |
4,579,300 | 2,930,931 | ||||||
2.375%, 05/15/51 |
24,855,800 | 15,764,014 | ||||||
2.500%, 02/15/45 |
5,470,900 | 3,715,083 | ||||||
2.750%, 08/15/47 (b) |
2,337,700 | 1,631,916 | ||||||
2.875%, 05/15/43 |
5,028,100 | 3,725,115 | ||||||
2.875%, 08/15/45 (b) |
29,768,500 | 21,560,069 | ||||||
2.875%, 05/15/49 |
3,659,800 | 2,610,753 | ||||||
2.875%, 05/15/52 |
9,094,300 | 6,448,072 | ||||||
U.S. Treasury(Continued) | ||||||||
U.S. Treasury Bonds |
1,329,600 | 987,384 | ||||||
3.000%, 02/15/47 (b) |
3,206,300 | 2,354,376 | ||||||
3.000%, 05/15/47 (b) |
3,558,700 | 2,610,779 | ||||||
3.000%, 02/15/48 |
1,975,100 | 1,445,063 | ||||||
3.000%, 08/15/48 |
9,323,800 | 6,815,843 | ||||||
3.000%, 02/15/49 |
2,720,900 | 1,988,914 | ||||||
3.125%, 11/15/41 |
703,800 | 553,390 | ||||||
3.125%, 02/15/43 |
8,508,800 | 6,587,008 | ||||||
3.625%, 08/15/43 |
11,965,600 | 9,984,732 | ||||||
3.625%, 02/15/53 |
2,654,000 | 2,194,941 | ||||||
3.625%, 05/15/53 |
6,152,000 | 5,093,664 | ||||||
3.750%, 08/15/41 |
3,613,400 | 3,127,426 | ||||||
3.750%, 11/15/43 |
487,200 | 413,549 | ||||||
4.000%, 11/15/52 |
3,324,500 | 2,946,598 | ||||||
4.375%, 05/15/41 |
530,600 | 500,236 | ||||||
4.500%, 08/15/39 (b) |
301,900 | 292,395 | ||||||
5.250%, 11/15/28 |
10,124,300 | 10,395,995 | ||||||
5.500%, 08/15/28 |
5,597,100 | 5,800,869 | ||||||
6.000%, 02/15/26 (g) |
31,745,700 | 32,459,978 | ||||||
6.125%, 11/15/27 |
18,628,100 | 19,627,177 | ||||||
6.250%, 05/15/30 |
854,700 | 932,491 | ||||||
6.375%, 08/15/27 |
2,592,500 | 2,741,873 | ||||||
U.S. Treasury Notes | ||||||||
0.375%, 04/30/25 |
5,600,800 | 5,192,335 | ||||||
0.375%, 12/31/25 |
11,063,100 | 10,001,302 | ||||||
0.375%, 01/31/26 |
27,091,900 | 24,388,001 | ||||||
0.500%, 02/28/26 |
11,035,000 | 9,934,948 | ||||||
0.625%, 08/15/30 |
4,004,800 | 3,073,528 | ||||||
0.750%, 04/30/26 |
6,627,600 | 5,970,277 | ||||||
0.750%, 05/31/26 |
9,318,100 | 8,368,455 | ||||||
0.875%, 09/30/26 |
9,132,700 | 8,149,508 | ||||||
1.125%, 10/31/26 |
9,196,500 | 8,240,208 | ||||||
1.250%, 12/31/26 |
6,774,600 | 6,068,560 | ||||||
1.375%, 11/15/31 |
7,259,500 | 5,690,200 | ||||||
1.500%, 08/15/26 |
2,030,700 | 1,851,031 | ||||||
1.500%, 01/31/27 (b) |
6,697,800 | 6,030,636 | ||||||
1.500%, 02/15/30 (b) |
6,315,400 | 5,234,875 | ||||||
1.625%, 02/15/26 |
11,760,100 | 10,893,711 | ||||||
1.625%, 08/15/29 |
9,431,400 | 8,003,427 | ||||||
1.625%, 05/15/31 |
25,068,500 | 20,352,488 | ||||||
1.750%, 11/15/29 |
11,386,000 | 9,684,327 | ||||||
1.875%, 02/28/27 |
13,519,000 | 12,304,402 | ||||||
1.875%, 02/15/32 |
19,871,900 | 16,142,038 | ||||||
2.000%, 08/15/25 |
5,811,700 | 5,491,375 | ||||||
2.000%, 11/15/26 |
33,782,600 | 31,073,394 | ||||||
2.125%, 05/15/25 (b) (g) |
44,542,400 | 42,424,896 | ||||||
2.250%, 11/15/25 |
9,040,300 | 8,541,671 | ||||||
2.250%, 02/15/27 |
9,640,500 | 8,895,997 | ||||||
2.250%, 08/15/27 |
31,517,500 | 28,801,578 | ||||||
2.250%, 11/15/27 |
33,211,800 | 30,204,575 | ||||||
2.375%, 05/15/27 |
46,256,900 | 42,657,535 | ||||||
2.375%, 05/15/29 |
18,512,900 | 16,451,894 | ||||||
2.625%, 02/15/29 |
8,538,200 | 7,723,736 | ||||||
2.750%, 02/15/28 |
15,231,500 | 14,086,758 |
BHFTI-17
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies(Continued)
Security Description | Principal Amount* |
Value | ||||||
U.S. Treasury(Continued) | ||||||||
U.S. Treasury Notes | ||||||||
2.750%, 08/15/32 |
11,079,600 | $ | 9,594,241 | |||||
2.875%, 05/15/28 |
3,859,700 | 3,576,856 | ||||||
2.875%, 05/15/32 |
22,729,000 | 19,950,913 | ||||||
3.125%, 11/15/28 |
9,904,400 | 9,222,312 | ||||||
3.375%, 05/15/33 |
11,385,800 | 10,325,497 | ||||||
3.500%, 04/30/28 |
3,969,500 | 3,783,538 | ||||||
3.500%, 02/15/33 |
11,107,900 | 10,191,498 | ||||||
3.625%, 03/31/28 |
10,018,000 | 9,603,975 | ||||||
3.625%, 05/31/28 |
1,997,800 | 1,914,766 | ||||||
3.875%, 12/31/27 |
8,008,100 | 7,761,288 | ||||||
3.875%, 08/15/33 |
2,800,800 | 2,646,319 | ||||||
4.000%, 02/29/28 |
3,968,200 | 3,865,585 | ||||||
4.000%, 06/30/28 (b) |
8,100,500 | 7,884,381 | ||||||
4.125%, 10/31/27 (b) |
5,838,000 | 5,713,714 | ||||||
4.125%, 11/15/32 |
9,781,100 | 9,433,412 | ||||||
4.375%, 08/31/28 (b) |
13,698,500 | 13,562,585 | ||||||
|
|
|||||||
766,897,928 | ||||||||
|
|
|||||||
Total U.S. Treasury & Government Agencies |
804,323,609 | |||||||
|
|
|||||||
Foreign Government10.1% |
| |||||||
Sovereign10.1% | ||||||||
Australia Government Bonds |
5,507,000 | 3,178,374 | ||||||
3.000%, 11/21/33 (AUD) |
832,000 | 470,404 | ||||||
3.250%, 04/21/29 (AUD) |
1,346,000 | 825,426 | ||||||
3.750%, 04/21/37 (AUD) |
1,896,000 | 1,111,754 | ||||||
4.750%, 04/21/27 (AUD) |
1,450,000 | 952,321 | ||||||
Bundesobligation |
1,776,573 | 1,832,647 | ||||||
Bundesrepublik Deutschland Bundesanleihe |
2,993,000 | 2,596,697 | ||||||
Zero Coupon, 08/15/31 (EUR) |
4,356,047 | 3,725,379 | ||||||
Zero Coupon, 08/15/50 (EUR) |
2,430,861 | 1,177,551 | ||||||
0.500%, 02/15/26 (EUR) |
8,788,442 | 8,758,133 | ||||||
1.250%, 08/15/48 (EUR) |
404,000 | 299,139 | ||||||
2.500%, 07/04/44 (EUR) |
1,063,600 | 1,035,645 | ||||||
3.250%, 07/04/42 (EUR) |
702,500 | 765,445 | ||||||
4.250%, 07/04/39 (EUR) |
1,677,500 | 2,045,775 | ||||||
5.500%, 01/04/31 (EUR) |
2,832,600 | 3,529,434 | ||||||
Canada Government Bonds |
1,477,000 | 1,005,643 | ||||||
2.750%, 06/01/33 (CAD) |
485,000 | 320,748 | ||||||
3.500%, 12/01/45 (CAD) |
2,295,000 | 1,583,799 | ||||||
5.750%, 06/01/29 (CAD) |
7,041,000 | 5,608,851 | ||||||
Denmark Government Bonds |
4,004,000 | 490,674 | ||||||
4.500%, 11/15/39 (DKK) |
4,060,000 | 669,425 | ||||||
Finland Government Bonds |
1,142,000 | 940,432 | ||||||
0.500%, 04/15/26 (144A) (EUR) |
1,288,000 | 1,271,738 | ||||||
1.375%, 04/15/47 (144A) (EUR) |
462,000 | 321,073 | ||||||
Sovereign(Continued) | ||||||||
French Republic Government Bonds OAT |
1,458,209 | 1,164,919 | ||||||
0.500%, 05/25/25 (EUR) |
3,110,000 | 3,136,445 | ||||||
0.500%, 05/25/26 (EUR) |
7,888,399 | 7,773,691 | ||||||
0.750%, 02/25/28 (EUR) |
1,293,302 | 1,234,700 | ||||||
1.250%, 05/25/36 (144A) (EUR) |
4,886,800 | 3,956,105 | ||||||
1.500%, 05/25/50 (144A) (EUR) |
1,695,715 | 1,105,638 | ||||||
2.250%, 05/25/24 (EUR) |
2,032,800 | 2,128,408 | ||||||
2.500%, 05/25/30 (EUR) |
11,069,117 | 11,238,691 | ||||||
3.250%, 05/25/45 (EUR) |
3,894,979 | 3,791,124 | ||||||
4.000%, 04/25/60 (EUR) |
292,000 | 315,611 | ||||||
Ireland Government Bonds |
1,530,000 | 1,316,624 | ||||||
2.000%, 02/18/45 (EUR) |
483,000 | 383,612 | ||||||
5.400%, 03/13/25 (EUR) |
1,140,800 | 1,240,732 | ||||||
Italy Buoni Poliennali Del Tesoro |
520,000 | 488,801 | ||||||
1.650%, 03/01/32 (144A) (EUR) |
5,888,000 | 4,996,032 | ||||||
1.800%, 03/01/41 (144A) (EUR) |
529,000 | 353,289 | ||||||
3.250%, 09/01/46 (144A) (EUR) |
196,000 | 157,492 | ||||||
3.750%, 09/01/24 (EUR) |
9,653,000 | 10,185,924 | ||||||
3.850%, 09/01/49 (144A) (EUR) |
2,726,000 | 2,379,380 | ||||||
5.000%, 08/01/39 (144A) (EUR) |
2,969,000 | 3,142,993 | ||||||
5.250%, 11/01/29 (EUR) |
9,174,964 | 10,228,894 | ||||||
Japan Government Five Year Bond |
148,600,000 | 995,871 | ||||||
Japan Government Forty Year Bond |
111,750,000 | 755,606 | ||||||
Japan Government Ten Year Bonds |
605,100,000 | 4,047,659 | ||||||
0.100%, 12/20/29 (JPY) |
767,550,000 | 5,031,654 | ||||||
0.100%, 06/20/31 (JPY) |
501,750,000 | 3,229,546 | ||||||
0.500%, 12/20/24 (JPY) |
2,069,700,000 | 13,938,759 | ||||||
Japan Government Thirty Year Bonds |
513,900,000 | 2,551,652 | ||||||
0.500%, 09/20/46 (JPY) |
1,021,600,000 | 5,481,803 | ||||||
0.700%, 06/20/51 (JPY) |
879,550,000 | 4,660,662 | ||||||
0.700%, 12/20/51 (JPY) |
228,000,000 | 1,203,469 | ||||||
1.800%, 09/20/43 (JPY) |
130,050,000 | 922,055 | ||||||
1.900%, 09/20/42 (JPY) |
375,750,000 | 2,720,542 | ||||||
2.300%, 03/20/40 (JPY) |
571,750,000 | 4,408,413 | ||||||
Japan Government Twenty Year Bonds |
732,900,000 | 4,595,779 | ||||||
0.500%, 12/20/41 (JPY) |
141,200,000 | 812,902 | ||||||
1.500%, 03/20/33 (JPY) |
230,600,000 | 1,650,370 | ||||||
1.700%, 12/20/31 (JPY) |
195,350,000 | 1,416,954 | ||||||
1.700%, 09/20/32 (JPY) |
125,600,000 | 912,945 | ||||||
1.700%, 09/20/33 (JPY) |
497,200,000 | 3,620,670 | ||||||
2.100%, 06/20/29 (JPY) |
452,350,000 | 3,319,494 | ||||||
Japan Government Two Year Bond |
1,369,200,000 | 9,167,886 | ||||||
Kingdom of Belgium Government Bonds | ||||||||
0.900%, 06/22/29 (144A) (EUR) |
2,970,000 | 2,775,883 | ||||||
1.600%, 06/22/47 (144A) (EUR) |
1,488,123 | 1,020,668 | ||||||
2.600%, 06/22/24 (144A) (EUR) |
1,391,195 | 1,458,574 | ||||||
4.250%, 03/28/41 (144A) (EUR) |
1,164,123 | 1,296,839 |
BHFTI-18
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Foreign Government(Continued)
Security Description | Shares/ Principal |
Value | ||||||
Sovereign(Continued) | ||||||||
Kingdom of Belgium Government Bonds | ||||||||
5.000%, 03/28/35 (144A) (EUR) |
962,000 | $ | 1,149,905 | |||||
Mexico Bonos |
43,967,100 | 2,532,318 | ||||||
Netherlands Government Bonds |
2,119,039 | 1,770,834 | ||||||
Zero Coupon, 01/15/52 (144A) (EUR) |
313,000 | 136,331 | ||||||
2.750%, 01/15/47 (144A) (EUR) |
486,000 | 471,183 | ||||||
3.750%, 01/15/42 (144A) (EUR) |
905,600 | 1,015,524 | ||||||
5.500%, 01/15/28 (144A) (EUR) |
2,276,500 | 2,641,058 | ||||||
Norway Government Bonds |
4,362,000 | 331,534 | ||||||
3.000%, 03/14/24 (144A) (NOK) |
10,370,000 | 963,504 | ||||||
Republic of Austria Government Bonds |
2,207,000 | 1,831,783 | ||||||
0.750%, 10/20/26 (144A) (EUR) |
1,522,000 | 1,496,608 | ||||||
3.150%, 06/20/44 (144A) (EUR) |
1,328,000 | 1,301,590 | ||||||
4.150%, 03/15/37 (144A) (EUR) |
267,000 | 296,965 | ||||||
Republic of Poland Government Bond |
6,492,000 | 1,510,895 | ||||||
Singapore Government Bonds |
1,024,000 | 720,441 | ||||||
2.750%, 03/01/46 (SGD) |
550,000 | 373,574 | ||||||
2.875%, 08/01/28 (SGD) |
868,000 | 621,461 | ||||||
3.375%, 09/01/33 (SGD) |
731,000 | 532,726 | ||||||
Spain Government Bonds |
1,318,000 | 651,580 | ||||||
1.450%, 10/31/27 (144A) (EUR) |
1,403,000 | 1,370,874 | ||||||
1.950%, 07/30/30 (144A) (EUR) |
7,247,000 | 6,899,227 | ||||||
2.900%, 10/31/46 (144A) (EUR) |
1,182,000 | 982,362 | ||||||
4.200%, 01/31/37 (144A) (EUR) |
2,075,000 | 2,214,854 | ||||||
4.400%, 10/31/23 (144A) (EUR) |
1,028,000 | 1,087,071 | ||||||
4.700%, 07/30/41 (144A) (EUR) |
1,213,000 | 1,344,461 | ||||||
6.000%, 01/31/29 (EUR) |
2,956,400 | 3,497,294 | ||||||
Sweden Government Bonds |
15,990,000 | 1,367,888 | ||||||
1.500%, 11/13/23 (SEK) |
3,330,000 | 303,998 | ||||||
United Kingdom Gilt |
3,348,000 | 3,119,961 | ||||||
1.000%, 01/31/32 (GBP) |
3,818,298 | 3,575,156 | ||||||
1.750%, 01/22/49 (GBP) |
1,069,000 | 718,239 | ||||||
3.250%, 01/22/44 (GBP) |
2,249,083 | 2,173,606 | ||||||
4.250%, 12/07/46 (GBP) |
5,267,100 | 5,859,131 | ||||||
6.000%, 12/07/28 (GBP) |
2,928,400 | 3,847,500 | ||||||
|
|
|||||||
Total Foreign Government |
255,943,703 | |||||||
|
|
|||||||
Preferred Stocks0.1% |
| |||||||
Automobiles0.1% | ||||||||
Bayerische Motoren Werke AG |
2,640 | 246,489 | ||||||
Dr. Ing HC F Porsche AG (144A) |
5,201 | 489,163 | ||||||
Porsche Automobil Holding SE |
7,031 | 346,602 | ||||||
Volkswagen AG |
9,418 | 1,084,353 | ||||||
|
|
|||||||
2,166,607 | ||||||||
|
|
|||||||
Household Products0.0% | ||||||||
Henkel AG & Co. KGaA |
7,730 | 551,709 | ||||||
|
|
|||||||
Life Sciences Tools & Services0.0% | ||||||||
Sartorius AG |
1,198 | 406,523 | ||||||
|
|
|||||||
Total Preferred Stocks |
3,124,839 | |||||||
|
|
|||||||
Mutual Funds0.0% |
| |||||||
Investment Company Securities0.0% | ||||||||
iShares U.S. Real Estate ETF |
2,743 | 214,338 | ||||||
Vanguard Global ex-U.S. Real Estate ETF |
3,568 | 138,902 | ||||||
|
|
|||||||
Total Mutual Funds |
353,240 | |||||||
|
|
|||||||
Short-Term Investment0.7% |
| |||||||
U.S. Treasury0.7% | ||||||||
U.S. Treasury Bill |
17,419,200 | 17,363,034 | ||||||
|
|
|||||||
Total Short-Term Investments |
17,363,034 | |||||||
|
|
|||||||
Securities Lending Reinvestments (i)4.5% |
| |||||||
Certificates of Deposit1.4% | ||||||||
Bank of America N.A. |
2,000,000 | 2,000,270 | ||||||
Bank of Montreal |
4,000,000 | 4,002,572 | ||||||
Barclays Bank PLC |
3,000,000 | 3,000,216 | ||||||
BNP Paribas SA |
4,000,000 | 3,999,808 | ||||||
Canadian Imperial Bank of Commerce (NY) |
4,000,000 | 4,000,392 | ||||||
Credit Industriel et Commercial |
4,000,000 | 3,999,648 | ||||||
Mitsubishi UFJ Trust & Banking Corp. |
500,000 | 498,450 | ||||||
Mizuho Bank Ltd. |
3,000,000 | 3,000,147 | ||||||
Oversea-Chinese Banking Corp. Ltd. |
3,000,000 | 3,000,438 | ||||||
Royal Bank of Canada |
1,000,000 | 1,000,770 | ||||||
Sumitomo Mitsui Trust Bank Ltd. |
3,000,000 | 3,000,159 | ||||||
Svenska Handelsbanken AB |
2,000,000 | 2,000,210 | ||||||
Toronto-Dominion Bank |
3,000,000 | 3,001,740 | ||||||
|
|
|||||||
36,504,820 | ||||||||
|
|
BHFTI-19
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (i)(Continued)
Security Description | Principal Amount* |
Value | ||||||
Commercial Paper0.4% | ||||||||
National Australia Bank Ltd. |
2,000,000 | $ | 2,000,440 | |||||
Skandinaviska Enskilda Banken AB |
3,000,000 | 3,000,810 | ||||||
UBS AG |
4,000,000 | 4,000,000 | ||||||
|
|
|||||||
9,001,250 | ||||||||
|
|
|||||||
Repurchase Agreements2.4% | ||||||||
Citigroup Global Markets, Inc. | ||||||||
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $2,402,553; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $2,448,059. |
2,400,000 | 2,400,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $8,241,322; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $8,503,770. |
8,000,000 | 8,000,000 | ||||||
ING Financial Markets LLC | ||||||||
Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $10,820,998; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $11,032,546. |
10,816,221 | 10,816,221 | ||||||
National Bank Financial, Inc. | ||||||||
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $1,000,443; collateralized by U.S. Treasury Obligations with rates ranging from 0.625% - 3.875%, maturity dates ranging from 01/15/26 - 11/15/41, and an aggregate market value of $1,024,780. |
1,000,000 | 1,000,000 | ||||||
National Bank of Canada | ||||||||
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $4,404,552; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $4,509,030. |
4,400,000 | 4,400,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $20,021,194; collateralized by various Common Stock with an aggregate market value of $22,319,747. |
20,000,000 | 20,000,000 | ||||||
Royal Bank of Canada Toronto |
5,000,000 | 5,000,000 | ||||||
Repurchase Agreements(Continued) | ||||||||
Societe Generale |
600,000 | 600,000 | ||||||
TD Prime Services LLC |
9,000,000 | 9,000,000 | ||||||
|
|
|||||||
61,216,221 | ||||||||
|
|
|||||||
Time Deposit0.1% | ||||||||
National Bank of Canada |
2,000,000 | 2,000,000 | ||||||
|
|
|||||||
Mutual Funds0.2% | ||||||||
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.240% (k) |
1,000,000 | 1,000,000 | ||||||
HSBC U.S. Government Money Market Fund, Class I 5.270% (k) |
2,000,000 | 2,000,000 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (k) |
2,000,000 | 2,000,000 | ||||||
|
|
|||||||
5,000,000 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
113,722,291 | |||||||
|
|
|||||||
Total Investments103.1% |
2,617,255,860 | |||||||
Other assets and liabilities (net)(3.1)% |
(78,833,438 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 2,538,422,422 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
(a) | Non-income producing security. | |||
(b) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $115,674,242 and the collateral received consisted of cash in the amount of $113,709,105 and non-cash collateral with a value of $8,257,467. The cash collateral investments are disclosed in the Consolidated Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
(c) | All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2023, the market value of securities pledged was $45,937,092. | |||
(d) | Security was valued in good faith under procedures subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent less than 0.05% of net assets. | |||
(e) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. |
BHFTI-20
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
(f) | Affiliated Issuer. | |||
(g) | All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of September 30, 2023, the market value of securities pledged was $37,104,024. | |||
(h) | The rate shown represents current yield to maturity. | |||
(i) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(j) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread | |||
are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | ||||
(k) | The rate shown represents the annualized seven-day yield as of September 30, 2023. | |||
(144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $54,796,354, which is 2.2% of net assets. |
Forward Foreign Currency Exchange Contracts
Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
AUD | 9,566,958 | GSBU |
11/08/23 | USD | 6,172,783 | $ | (14,363 | ) | ||||||||||||||
AUD | 34,787,040 | GSBU |
11/08/23 | USD | 22,445,259 | (52,226 | ) | |||||||||||||||
CAD | 16,156,064 | MSIP |
10/27/23 | USD | 11,929,903 | (31,173 | ) | |||||||||||||||
CHF | 11,019,557 | BOA |
11/16/23 | USD | 12,343,399 | (248,286 | ) | |||||||||||||||
EUR | 734,743 | BOA |
10/12/23 | USD | 788,419 | (11,329 | ) | |||||||||||||||
EUR | 10,785,624 | BOA |
10/12/23 | USD | 11,703,944 | (296,676 | ) | |||||||||||||||
EUR | 13,190,617 | BOA |
10/12/23 | USD | 14,313,705 | (362,829 | ) | |||||||||||||||
EUR | 1,047,527 | BBH |
10/12/23 | USD | 1,119,918 | (12,015 | ) | |||||||||||||||
EUR | 5,529,675 | GSBU |
10/12/23 | USD | 6,102,433 | (254,047 | ) | |||||||||||||||
EUR | 1,169,222 | HSBCU |
10/12/23 | USD | 1,277,609 | (40,997 | ) | |||||||||||||||
EUR | 741,792 | MSIP |
10/12/23 | USD | 779,661 | 4,886 | ||||||||||||||||
EUR | 25,771,334 | MSIP |
10/12/23 | USD | 28,419,596 | (1,162,895 | ) | |||||||||||||||
EUR | 745,302 | SSBT |
10/12/23 | USD | 824,811 | (36,552 | ) | |||||||||||||||
EUR | 816,875 | SSBT |
10/12/23 | USD | 890,078 | (26,121 | ) | |||||||||||||||
EUR | 825,412 | SSBT |
10/12/23 | USD | 913,557 | (40,571 | ) | |||||||||||||||
EUR | 1,407,105 | SSBT |
10/12/23 | USD | 1,490,336 | (2,130 | ) | |||||||||||||||
EUR | 2,882,383 | SSBT |
10/12/23 | USD | 3,183,230 | (134,717 | ) | |||||||||||||||
GBP | 5,591,278 | BBP |
11/17/23 | USD | 6,928,404 | (104,727 | ) | |||||||||||||||
GBP | 17,594,459 | JPMC |
11/17/23 | USD | 21,925,863 | (453,327 | ) | |||||||||||||||
JPY | 1,606,061,485 | BNP |
10/19/23 | USD | 10,939,500 | (164,871 | ) | |||||||||||||||
JPY | 190,261,417 | BBP |
10/19/23 | USD | 1,318,742 | (42,330 | ) | |||||||||||||||
JPY | 3,830,045,210 | MSIP |
10/19/23 | USD | 26,704,223 | (1,009,494 | ) | |||||||||||||||
NOK | 69,899,859 | BOA |
12/07/23 | USD | 6,489,710 | 56,664 | ||||||||||||||||
NZD | 4,247,663 | BBP |
10/27/23 | USD | 2,523,707 | 22,141 | ||||||||||||||||
NZD | 8,998,342 | BBP |
10/27/23 | USD | 5,346,275 | 46,905 | ||||||||||||||||
NZD | 59,433,197 | MSIP |
10/27/23 | USD | 35,311,164 | 310,277 | ||||||||||||||||
SEK | 85,064,485 | GSBU |
12/07/23 | USD | 7,760,851 | 46,962 | ||||||||||||||||
SEK | 333,750,589 | MSIP |
12/07/23 | USD | 30,273,192 | 360,770 | ||||||||||||||||
Contracts to Deliver |
||||||||||||||||||||||
AUD | 3,349,522 | BNP |
11/08/23 | USD | 2,151,575 | (4,572 | ) | |||||||||||||||
AUD | 34,787,040 | BOA |
11/08/23 | USD | 22,223,393 | (169,640 | ) | |||||||||||||||
AUD | 13,893,967 | BOA |
11/08/23 | USD | 8,876,038 | (67,754 | ) | |||||||||||||||
AUD | 10,128,521 | BOA |
11/08/23 | USD | 6,563,687 | 43,778 | ||||||||||||||||
AUD | 9,566,958 | BOA |
11/08/23 | USD | 6,199,772 | 41,351 | ||||||||||||||||
AUD | 34,103,461 | HSBCU |
11/08/23 | USD | 22,072,817 | 119,816 | ||||||||||||||||
AUD | 630,529 | SSBT |
11/08/23 | USD | 408,718 | 2,835 | ||||||||||||||||
CAD | 4,813,642 | BBP |
10/27/23 | USD | 3,579,289 | 34,104 | ||||||||||||||||
CAD | 3,411,469 | BBP |
10/27/23 | USD | 2,536,672 | 24,170 | ||||||||||||||||
CAD | 12,744,595 | GSBU |
10/27/23 | USD | 9,345,881 | (40,346 | ) | |||||||||||||||
CAD | 11,955,322 | JPMC |
10/27/23 | USD | 8,833,677 | 28,739 | ||||||||||||||||
CAD | 456,110 | SSBT |
10/27/23 | USD | 335,480 | (439 | ) | |||||||||||||||
CHF | 49,523,973 | BOA |
11/16/23 | USD | 55,534,780 | 1,177,057 | ||||||||||||||||
CHF | 11,991,685 | MSIP |
11/16/23 | USD | 13,197,781 | 35,657 | ||||||||||||||||
DKK | 8,388,626 | CBNA |
12/07/23 | USD | 1,196,047 | 2,732 |
BHFTI-21
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Forward Foreign Currency Exchange Contracts(Continued)
Contracts to Deliver |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
EUR | 27,144,639 | JPMC |
10/05/23 | USD | 29,938,501 | $ | 1,237,510 | |||||||||||||||
EUR | 40,373,676 | BNP |
10/12/23 | USD | 43,350,733 | 650,063 | ||||||||||||||||
EUR | 13,190,617 | BNP |
10/12/23 | USD | 14,163,261 | 212,384 | ||||||||||||||||
EUR | 4,066,267 | BNP |
10/12/23 | USD | 4,447,693 | 147,061 | ||||||||||||||||
EUR | 12,713,114 | BBP |
10/12/23 | USD | 13,591,336 | 145,483 | ||||||||||||||||
EUR | 6,218,960 | DBAG |
10/12/23 | USD | 6,598,661 | 21,262 | ||||||||||||||||
EUR | 31,301,009 | MSIP |
10/12/23 | USD | 34,454,717 | 1,349,630 | ||||||||||||||||
EUR | 25,001,887 | MSIP |
10/12/23 | USD | 27,423,855 | 980,948 | ||||||||||||||||
EUR | 6,719,357 | MSIP |
10/12/23 | USD | 7,396,360 | 289,724 | ||||||||||||||||
EUR | 1,641,249 | MSIP |
10/12/23 | USD | 1,783,555 | 47,710 | ||||||||||||||||
EUR | 28,004,194 | SSBT |
10/12/23 | USD | 30,750,742 | 1,132,486 | ||||||||||||||||
EUR | 1,959,009 | SSBT |
10/12/23 | USD | 2,129,317 | 57,398 | ||||||||||||||||
EUR | 1,016,751 | SSBT |
10/12/23 | USD | 1,120,303 | 44,950 | ||||||||||||||||
EUR | 27,144,639 | ANZ |
10/19/23 | USD | 29,955,846 | 1,238,387 | ||||||||||||||||
EUR | 27,144,639 | SSBT |
10/27/23 | USD | 29,980,482 | 1,253,531 | ||||||||||||||||
GBP | 15,828,525 | CBNA |
11/17/23 | USD | 19,736,937 | 419,572 | ||||||||||||||||
GBP | 2,916,105 | GSBU |
11/17/23 | USD | 3,553,662 | (5,196 | ) | |||||||||||||||
GBP | 682,969 | HSBCU |
11/17/23 | USD | 846,755 | 13,250 | ||||||||||||||||
JPY | 3,756,660,532 | JPMC |
10/12/23 | USD | 26,179,560 | 1,005,276 | ||||||||||||||||
JPY | 4,548,988,304 | BOA |
10/19/23 | USD | 30,909,564 | 391,641 | ||||||||||||||||
JPY | 681,783,416 | BBP |
10/19/23 | USD | 4,596,046 | 22,147 | ||||||||||||||||
JPY | 3,756,660,532 | MSIP |
10/19/23 | USD | 26,192,563 | 990,152 | ||||||||||||||||
JPY | 19,411,792 | SSBT |
10/19/23 | USD | 133,997 | 3,769 | ||||||||||||||||
JPY | 145,799,291 | UBSA |
10/19/23 | USD | 978,236 | 109 | ||||||||||||||||
JPY | 3,756,660,532 | CBNA |
10/26/23 | USD | 26,223,536 | 992,934 | ||||||||||||||||
MXN | 48,302,949 | BOA |
11/16/23 | USD | 2,786,119 | 34,888 | ||||||||||||||||
NOK | 13,924,048 | JPMC |
12/07/23 | USD | 1,291,636 | (12,401 | ) | |||||||||||||||
NZD | 8,998,342 | BNP |
10/27/23 | USD | 5,365,640 | (27,539 | ) | |||||||||||||||
NZD | 4,099,128 | BNP |
10/27/23 | USD | 2,444,278 | (12,545 | ) | |||||||||||||||
NZD | 15,586,921 | BOA |
10/27/23 | USD | 9,223,010 | (119,052 | ) | |||||||||||||||
NZD | 43,846,276 | BBP |
10/27/23 | USD | 25,772,683 | (506,697 | ) | |||||||||||||||
NZD | 4,247,663 | BBP |
10/27/23 | USD | 2,496,761 | (49,087 | ) | |||||||||||||||
PLN | 5,470,906 | CBNA |
11/29/23 | USD | 1,282,083 | 31,631 | ||||||||||||||||
SEK | 18,754,590 | BBP |
12/07/23 | USD | 1,702,549 | (18,878 | ) | |||||||||||||||
SGD | 2,125,567 | BBP |
11/16/23 | USD | 1,561,975 | 4,023 | ||||||||||||||||
SGD | 834,146 | SSBT |
11/16/23 | USD | 612,128 | 733 | ||||||||||||||||
|
|
|||||||||||||||||||||
Net Unrealized Appreciation |
|
$ | 9,541,674 | |||||||||||||||||||
|
|
Futures Contracts
Futures ContractsLong |
Expiration Date |
Number of Contracts |
Notional Value | Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
Australian 10 Year Treasury Bond Futures |
12/15/23 | 10 | AUD | 1,119,728 | $ | (18,524 | ) | |||||||||||||
Canada Government Bond 10 Year Futures |
12/18/23 | 47 | CAD | 5,411,110 | (80,145 | ) | ||||||||||||||
MSCI EAFE Index Mini Futures |
12/15/23 | 40 | USD | 4,083,000 | (62,947 | ) | ||||||||||||||
MSCI Singapore Index Futures |
10/30/23 | 30 | SGD | 856,950 | 10,558 | |||||||||||||||
Russell 2000 Index E-Mini Futures |
12/15/23 | 972 | USD | 87,411,960 | (3,588,590 | ) | ||||||||||||||
S&P 500 Index E-Mini Futures |
12/15/23 | 3 | USD | 648,825 | (24,822 | ) | ||||||||||||||
S&P Midcap 400 Index E-Mini Futures |
12/15/23 | 351 | USD | 88,466,040 | (2,850,130 | ) | ||||||||||||||
S&P TSX 60 Index Futures |
12/14/23 | 37 | CAD | 8,704,620 | (187,572 | ) | ||||||||||||||
TOPIX Index Futures |
12/07/23 | 11 | JPY | 255,585,000 | (21,767 | ) | ||||||||||||||
Futures ContractsShort | ||||||||||||||||||||
Euro Stoxx 50 Index Futures |
12/15/23 | (382 | ) | EUR | (16,059,280 | ) | 296,446 | |||||||||||||
Euro-Bund Futures |
12/07/23 | (309 | ) | EUR | (39,749,760 | ) | 822,534 | |||||||||||||
FTSE 100 Index Futures |
12/15/23 | (88 | ) | GBP | (6,750,480 | ) | 9,925 | |||||||||||||
Hang Seng Index Futures |
10/30/23 | (6 | ) | HKD | (5,366,700 | ) | 6,555 |
BHFTI-22
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Futures Contracts(Continued)
Futures ContractsLong |
Expiration Date |
Number of Contracts |
Notional Value | Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
Japanese Government 10 Year Bond Futures |
12/13/23 | (53 | ) | JPY | (7,682,880,000 | ) | $ | 391,227 | ||||||||||||
OMX Stockholm 30 Index Futures |
10/20/23 | (88 | ) | SEK | (19,008,000 | ) | 20,924 | |||||||||||||
SPI 200 Index Futures |
12/21/23 | (265 | ) | AUD | (46,944,750 | ) | 671,010 | |||||||||||||
United Kingdom Long Gilt Bond Futures |
12/27/23 | (49 | ) | GBP | (4,613,840 | ) | 115,165 | |||||||||||||
|
|
|||||||||||||||||||
Net Unrealized Depreciation |
|
$ | (4,490,153 | ) | ||||||||||||||||
|
|
Swap Agreements
Centrally Cleared Interest Rate Swaps
Pay/Receive Floating Rate |
Floating Rate Index |
Payment Frequency |
Fixed Rate |
Payment Frequency |
Maturity Date |
Notional Amount |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation)(1) |
|||||||||||||||||||||||||||
Pay |
SOFR | Annually | 4.245% | Annually | 09/27/33 | USD | 643,560,000 | $ | (1,390,476 | ) | $ | | $ | (1,390,476 | ) | |||||||||||||||||||||
|
|
|
|
|
|
Centrally Cleared Credit Default Swaps on Credit Indices Sell Protection (a)
Reference Obligation |
Fixed Deal Receive Rate |
Payment Frequency |
Maturity Date |
Implied Credit Spread at September 30, 2023 (b) |
Notional Amount (c) |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||||
CDX.NA.HY.41.V1 |
5.000% | Quarterly | 12/20/28 | 4.781 | % | USD | 50,500,000 | $ | 410,711 | $ | 434,104 | $ | (23,393 | ) | ||||||||||||||||||||||
|
|
|
|
|
|
OTC Total Return Swaps
Pay/Receive |
Fixed Rate |
Payment Frequency |
Maturity Date |
Counterparty | Underlying Reference Instrument |
Notional Amount |
Market Value |
Upfront Premium Paid/(Received) |
Unrealized Appreciation/ (Depreciation)(1) |
|||||||||||||||||||||||
Pay |
0.100% | Maturity | 12/15/23 | MLI | Bloomberg Commodity Index | USD | 55,936,850 | $ | (1,573,628 | ) | $ | | $ | (1,573,628 | ) | |||||||||||||||||
Receive |
0.000% | Maturity | 12/15/23 | MSC | Swiss Market Index Futures | CHF | 1,758,832 | (1,625 | ) | | (1,625 | ) | ||||||||||||||||||||
Receive |
0.000% | Maturity | 12/15/23 | MSC | Swiss Market Index Futures | CHF | 2,321,980 | 12,629 | | 12,629 | ||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||
Totals |
|
$ | (1,562,624 | ) | $ | | $ | (1,562,624 | ) | |||||||||||||||||||||||
|
|
|
|
|
|
(a) | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | |||
(b) | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or indices as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entitys credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as Defaulted indicates a credit event has occurred for the referenced entity or obligation. | |||
(c) | The maximum potential amount of future undiscounted payments that the Portfolio could be required to make under a credit default swap contract would be the notional amount of the contract. These potential amounts would be partially offset by any recovery values of the referenced debt obligation or net amounts received from the settlement of purchased protection credit default swap contracts entered into by the Portfolio for the same referenced debt obligation. | |||
(1) | There were no upfront premiums paid or (received), therefore the market value equals unrealized appreciation/(depreciation). |
BHFTI-23
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Glossary of Abbreviations
Counterparties
(ANZ) | Australia & New Zealand Banking Corp. | |||
(BBH) | Brown Brothers Harriman & Co. | |||
(BBP) | Barclays Bank PLC | |||
(BNP) | BNP Paribas S.A. | |||
(BOA) | Bank of America N.A. | |||
(CBNA) | Citibank N.A. | |||
(DBAG) | Deutsche Bank AG | |||
(GSBU) | Goldman Sachs Bank USA | |||
(HSBCU) | HSBC Bank USA | |||
(JPMC) | JPMorgan Chase Bank N.A. | |||
(MLI) | Merrill Lynch International | |||
(MSC) | Morgan Stanley & Co. | |||
(MSIP) | Morgan Stanley & Co. International PLC | |||
(SSBT) | State Street Bank and Trust | |||
(UBSA) | UBS AG |
Currencies
(AUD) | Australian Dollar | |||
(CAD) | Canadian Dollar | |||
(CHF) | Swiss Franc | |||
(DKK) | Danish Krone | |||
(EUR) | Euro | |||
(GBP) | British Pound | |||
(HKD) | Hong Kong Dollar | |||
(JPY) | Japanese Yen | |||
(MXN) | Mexican Peso | |||
(NOK) | Norwegian Krone | |||
(NZD) | New Zealand Dollar | |||
(PLN) | Polish Zloty | |||
(SEK) | Swedish Krona | |||
(SGD) | Singapore Dollar | |||
(USD) | United States Dollar |
Index Abbreviations
(CDX.NA.HY) | Markit North America High Yield CDS Index | |||
(FEDEFF PRV) | Effective Federal Funds Rate | |||
(OBFR) | U.S. Overnight Bank Funding Rate | |||
(SOFR) | Secured Overnight Financing Rate |
Other Abbreviations
(ADR) | American Depositary Receipt | |||
(ETF) | Exchange-Traded Fund | |||
(GDR) | Global Depositary Receipt | |||
(REIT) | Real Estate Investment Trust |
BHFTI-24
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable
inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
| |||||||||||||||
Aerospace & Defense |
$ | 9,670,963 | $ | 11,749,785 | $ | | $ | 21,420,748 | ||||||||
Air Freight & Logistics |
3,515,795 | 3,989,332 | | 7,505,127 | ||||||||||||
Automobile Components |
653,587 | 4,549,136 | | 5,202,723 | ||||||||||||
Automobiles |
13,731,727 | 21,979,709 | | 35,711,436 | ||||||||||||
Banks |
18,900,742 | 67,736,330 | | 86,637,072 | ||||||||||||
Beverages |
10,823,348 | 12,309,794 | | 23,133,142 | ||||||||||||
Biotechnology |
13,292,072 | 6,216,618 | | 19,508,690 | ||||||||||||
Broadline Retail |
20,899,500 | 4,952,296 | | 25,851,796 | ||||||||||||
Building Products |
2,766,714 | 6,711,684 | | 9,478,398 | ||||||||||||
Capital Markets |
17,985,903 | 18,420,325 | | 36,406,228 | ||||||||||||
Chemicals |
10,584,326 | 20,256,345 | | 30,840,671 | ||||||||||||
Commercial Services & Supplies |
3,035,017 | 2,794,003 | | 5,829,020 | ||||||||||||
Communications Equipment |
5,756,741 | 1,568,659 | | 7,325,400 | ||||||||||||
Construction & Engineering |
474,971 | 5,659,760 | | 6,134,731 | ||||||||||||
Construction Materials |
913,223 | 4,393,943 | | 5,307,166 | ||||||||||||
Consumer Finance |
2,767,678 | | | 2,767,678 | ||||||||||||
Consumer Staples Distribution & Retail |
11,437,636 | 8,593,446 | | 20,031,082 | ||||||||||||
Containers & Packaging |
1,466,993 | 739,284 | | 2,206,277 | ||||||||||||
Distributors |
829,471 | 165,536 | | 995,007 | ||||||||||||
Diversified Consumer Services |
| 462,128 | | 462,128 | ||||||||||||
Diversified REITs |
2,197,850 | 7,102,708 | | 9,300,558 | ||||||||||||
Diversified Telecommunication Services |
4,260,974 | 11,987,393 | | 16,248,367 | ||||||||||||
Electric Utilities |
9,994,323 | 12,117,767 | | 22,112,090 | ||||||||||||
Electrical Equipment |
3,742,668 | 11,837,845 | | 15,580,513 | ||||||||||||
Electronic Equipment, Instruments & Components |
3,629,705 | 9,067,302 | | 12,697,007 | ||||||||||||
Energy Equipment & Services |
2,709,243 | 340,781 | | 3,050,024 | ||||||||||||
Entertainment |
8,958,933 | 4,320,526 | | 13,279,459 | ||||||||||||
Financial Services |
27,344,737 | 7,081,569 | | 34,426,306 | ||||||||||||
Food Products |
6,169,715 | 21,125,630 | | 27,295,345 | ||||||||||||
Gas Utilities |
275,100 | 2,127,393 | | 2,402,493 | ||||||||||||
Ground Transportation |
5,240,303 | 4,135,199 | | 9,375,502 | ||||||||||||
Health Care Equipment & Supplies |
16,247,375 | 13,299,227 | | 29,546,602 | ||||||||||||
Health Care Providers & Services |
18,942,967 | 1,985,363 | 0 | 20,928,330 | ||||||||||||
Health Care REITs |
9,829,143 | 1,018,837 | | 10,847,980 | ||||||||||||
Health Care Technology |
| 365,866 | | 365,866 | ||||||||||||
Hotel & Resort REITs |
3,008,069 | 819,626 | | 3,827,695 | ||||||||||||
Hotels, Restaurants & Leisure |
13,480,029 | 11,778,404 | | 25,258,433 | ||||||||||||
Household Durables |
2,181,447 | 7,959,389 | | 10,140,836 | ||||||||||||
Household Products |
8,434,612 | 3,868,604 | | 12,303,216 | ||||||||||||
Independent Power and Renewable Electricity Producers |
178,007 | 1,562,851 | | 1,740,858 |
BHFTI-25
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy(Continued)
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Industrial Conglomerates |
$ | 5,153,327 | $ | 10,198,767 | $ | | $ | 15,352,094 | ||||||||
Industrial REITs |
15,585,799 | 8,238,865 | | 23,824,664 | ||||||||||||
Insurance |
13,657,029 | 34,638,216 | | 48,295,245 | ||||||||||||
Interactive Media & Services |
37,079,639 | 1,494,136 | | 38,573,775 | ||||||||||||
IT Services |
7,859,624 | 4,950,566 | | 12,810,190 | ||||||||||||
Leisure Products |
150,865 | 1,211,753 | | 1,362,618 | ||||||||||||
Life Sciences Tools & Services |
9,781,983 | 2,764,667 | | 12,546,650 | ||||||||||||
Machinery |
11,237,793 | 20,104,223 | | 31,342,016 | ||||||||||||
Marine Transportation |
| 2,675,450 | | 2,675,450 | ||||||||||||
Media |
4,914,461 | 2,530,547 | | 7,445,008 | ||||||||||||
Metals & Mining |
2,420,622 | 22,584,944 | | 25,005,566 | ||||||||||||
Multi-Utilities |
4,307,247 | 6,027,780 | | 10,335,027 | ||||||||||||
Office REITs |
5,175,192 | 5,447,904 | | 10,623,096 | ||||||||||||
Oil, Gas & Consumable Fuels |
26,810,838 | 31,739,335 | | 58,550,173 | ||||||||||||
Paper & Forest Products |
| 2,242,322 | | 2,242,322 | ||||||||||||
Passenger Airlines |
1,169,865 | 944,211 | | 2,114,076 | ||||||||||||
Personal Care Products |
1,191,381 | 13,524,338 | | 14,715,719 | ||||||||||||
Pharmaceuticals |
26,365,771 | 64,247,389 | | 90,613,160 | ||||||||||||
Professional Services |
4,809,851 | 10,724,818 | | 15,534,669 | ||||||||||||
Real Estate Management & Development |
1,330,319 | 25,343,059 | | 26,673,378 | ||||||||||||
Residential REITs |
17,402,645 | 1,577,682 | 33,790 | 19,014,117 | ||||||||||||
Retail REITs |
15,539,104 | 8,888,945 | | 24,428,049 | ||||||||||||
Semiconductors & Semiconductor Equipment |
46,575,728 | 21,992,603 | | 68,568,331 | ||||||||||||
Software |
64,519,171 | 9,910,607 | | 74,429,778 | ||||||||||||
Specialized REITs |
26,784,556 | 805,835 | | 27,590,391 | ||||||||||||
Specialty Retail |
12,968,112 | 5,538,886 | | 18,506,998 | ||||||||||||
Technology Hardware, Storage & Peripherals |
45,545,608 | 3,197,522 | | 48,743,130 | ||||||||||||
Textiles, Apparel & Luxury Goods |
2,349,415 | 20,003,011 | | 22,352,426 | ||||||||||||
Tobacco |
3,818,653 | 5,107,978 | | 8,926,631 | ||||||||||||
Trading Companies & Distributors |
2,056,980 | 12,230,391 | | 14,287,371 | ||||||||||||
Transportation Infrastructure |
| 2,349,631 | | 2,349,631 | ||||||||||||
Water Utilities |
421,641 | 691,078 | | 1,112,719 | ||||||||||||
Wireless Telecommunication Services |
1,267,873 | 6,730,803 | | 7,998,676 | ||||||||||||
Total Common Stocks |
714,582,699 | 707,808,655 | 33,790 | 1,422,425,144 | ||||||||||||
Total U.S. Treasury & Government Agencies* |
| 804,323,609 | | 804,323,609 | ||||||||||||
Total Foreign Government* |
| 255,943,703 | | 255,943,703 | ||||||||||||
Total Preferred Stocks* |
| 3,124,839 | | 3,124,839 | ||||||||||||
Total Mutual Funds* |
353,240 | | | 353,240 | ||||||||||||
Total Short-Term Investment* |
| 17,363,034 | | 17,363,034 | ||||||||||||
Securities Lending Reinvestments |
| |||||||||||||||
Certificates of Deposit |
| 36,504,820 | | 36,504,820 | ||||||||||||
Commercial Paper |
| 9,001,250 | | 9,001,250 | ||||||||||||
Repurchase Agreements |
| 61,216,221 | | 61,216,221 | ||||||||||||
Time Deposit |
| 2,000,000 | | 2,000,000 | ||||||||||||
Mutual Funds |
5,000,000 | | | 5,000,000 | ||||||||||||
Total Securities Lending Reinvestments |
5,000,000 | 108,722,291 | | 113,722,291 | ||||||||||||
Total Investments |
$ | 719,935,939 | $ | 1,897,286,131 | $ | 33,790 | $ | 2,617,255,860 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (113,709,105 | ) | $ | | $ | (113,709,105 | ) | ||||||
Forward Contracts |
| |||||||||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | | $ | 15,077,496 | $ | | $ | 15,077,496 | ||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
| (5,535,822 | ) | | (5,535,822 | ) | ||||||||||
Total Forward Contracts |
$ | | $ | 9,541,674 | $ | | $ | 9,541,674 | ||||||||
Futures Contracts |
| |||||||||||||||
Futures Contracts (Unrealized Appreciation) |
$ | 2,344,344 | $ | | $ | | $ | 2,344,344 | ||||||||
Futures Contracts (Unrealized Depreciation) |
(6,834,497 | ) | | | (6,834,497 | ) |
BHFTI-26
Table of Contents
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy(Continued)
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Total Futures Contracts |
$ | (4,490,153 | ) | $ | | $ | | $ | (4,490,153 | ) | ||||||
Centrally Cleared Swap Contracts |
| |||||||||||||||
Centrally Cleared Swap Contracts (Unrealized Depreciation) |
$ | | $ | (1,413,869 | ) | $ | | $ | (1,413,869 | ) | ||||||
OTC Swap Contracts |
| |||||||||||||||
OTC Swap Contracts at Value (Assets) |
$ | | $ | 12,629 | $ | | $ | 12,629 | ||||||||
OTC Swap Contracts at Value (Liabilities) |
| (1,575,253 | ) | | (1,575,253 | ) | ||||||||||
Total OTC Swap Contracts |
$ | | $ | (1,562,624 | ) | $ | | $ | (1,562,624 | ) |
* | See Consolidated Schedule of Investments for additional detailed categorizations. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2023 is not presented.
During the period ended September 30, 2023, a transfer into Level 3 in the amount of $33,557 was due to a trading halt on the security which resulted in the lack of observable inputs.
BHFTI-27
Table of Contents
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Foreign Government58.2% of Net Assets
Security Description | Principal Amount* |
Value | ||||||
Banks1.7% | ||||||||
Bank Gospodarstwa Krajowego | ||||||||
5.375%, 05/22/33 (144A) |
552,000 | $ | 520,260 | |||||
BNG Bank NV | ||||||||
0.750%, 01/24/29 (EUR) |
651,000 | 600,444 | ||||||
3.500%, 07/19/27 (AUD) |
2,491,000 | 1,531,335 | ||||||
Development Bank of Japan, Inc. | ||||||||
0.010%, 10/15/24 (EUR) |
1,388,000 | 1,406,745 | ||||||
Export-Import Bank of Korea | ||||||||
0.829%, 04/27/25 (EUR) |
705,000 | 707,706 | ||||||
Korea Housing Finance Corp. | ||||||||
3.714%, 04/11/27 (144A) (EUR) |
680,000 | 710,698 | ||||||
Kreditanstalt fuer Wiederaufbau | ||||||||
4.100%, 02/20/26 (AUD) |
2,360,000 | 1,501,869 | ||||||
Magyar Export-Import Bank Zrt | ||||||||
6.125%, 12/04/27 (144A) |
856,000 | 841,448 | ||||||
Turkiye Ihracat Kredi Bankasi AS | ||||||||
9.375%, 01/31/26 |
723,000 | 734,367 | ||||||
|
|
|||||||
8,554,872 | ||||||||
|
|
|||||||
Electric0.2% | ||||||||
Chile Electricity Lux MPC Sarl | ||||||||
6.010%, 01/20/33 (144A) |
1,066,000 | 1,060,670 | ||||||
|
|
|||||||
Regional Government0.6% | ||||||||
Japan Finance Organization for Municipalities | ||||||||
0.050%, 02/12/27 (EUR) |
1,822,000 | 1,704,071 | ||||||
Province of Quebec | ||||||||
0.875%, 05/04/27 (EUR) |
1,239,000 | 1,191,594 | ||||||
3.650%, 05/20/32 (CAD) |
619,000 | 421,002 | ||||||
|
|
|||||||
3,316,667 | ||||||||
|
|
|||||||
Sovereign55.4% | ||||||||
Abu Dhabi Government International Bond | ||||||||
3.125%, 09/30/49 |
2,340,000 | 1,518,520 | ||||||
Angola Government International Bonds | ||||||||
8.000%, 11/26/29 |
2,966,000 | 2,437,121 | ||||||
8.250%, 05/09/28 |
1,012,000 | 874,931 | ||||||
9.125%, 11/26/49 (144A) |
200,000 | 143,000 | ||||||
9.125%, 11/26/49 |
562,000 | 401,830 | ||||||
Argentina Government International Bonds | ||||||||
0.750%, 07/09/30 (a) |
5,179,390 | 1,472,667 | ||||||
1.000%, 07/09/29 |
1,532,610 | 425,301 | ||||||
3.625%, 07/09/35 (a) |
6,717,329 | 1,656,866 | ||||||
4.250%, 01/09/38 (a) |
1,965,508 | 575,657 | ||||||
Australia Government Bonds | ||||||||
3.000%, 11/21/33 (AUD) |
3,989,000 | 2,255,336 | ||||||
3.000%, 03/21/47 (AUD) |
1,419,000 | 676,050 | ||||||
Bahrain Government International Bonds | ||||||||
6.000%, 09/19/44 |
1,084,000 | 833,325 | ||||||
6.250%, 01/25/51 |
1,740,000 | 1,328,438 | ||||||
7.750%, 04/18/35 (144A) |
484,000 | 483,095 | ||||||
Brazil Government International Bond | ||||||||
6.000%, 04/07/26 |
1,145,000 | 1,160,984 | ||||||
Sovereign(Continued) | ||||||||
Brazil Notas do Tesouro Nacional | ||||||||
10.000%, 01/01/27 (BRL) |
11,823,000 | 2,297,867 | ||||||
10.000%, 01/01/31 (BRL) |
11,757,000 | 2,175,652 | ||||||
Bundesrepublik Deutschland Bundesanleihe | ||||||||
Zero Coupon, 08/15/50 (EUR) |
585,162 | 283,462 | ||||||
1.000%, 05/15/38 (EUR) |
2,000,000 | 1,620,498 | ||||||
1.800%, 08/15/53 (EUR) |
3,652,252 | 2,942,576 | ||||||
3.250%, 07/04/42 (EUR) |
2,022,295 | 2,203,497 | ||||||
Caisse Francaise de Financement Local | ||||||||
0.010%, 02/22/28 (EUR) |
800,000 | 722,246 | ||||||
0.750%, 01/11/27 (EUR) |
400,000 | 385,130 | ||||||
Canada Government Bond | ||||||||
2.250%, 12/01/29 (CAD) |
5,047,000 | 3,351,513 | ||||||
Canada Government Real Return Bond | ||||||||
4.000%, 12/01/31 (CAD) (c) |
2,426,853 | 2,013,792 | ||||||
Canada Housing Trust No. 1 |
||||||||
3.950%, 06/15/28 (144A) (CAD) |
1,905,000 | 1,367,224 | ||||||
Chile Government International Bonds | ||||||||
2.750%, 01/31/27 (d) |
535,000 | 491,050 | ||||||
4.125%, 07/05/34 (EUR) |
650,000 | 651,134 | ||||||
5.330%, 01/05/54 (d) |
1,388,000 | 1,238,170 | ||||||
China Government Bonds | ||||||||
2.640%, 01/15/28 (CNY) |
91,110,000 | 12,511,508 | ||||||
2.750%, 06/15/29 (CNY) |
7,230,000 | 994,052 | ||||||
2.800%, 11/15/32 (CNY) |
37,570,000 | 5,161,508 | ||||||
3.120%, 10/25/52 (CNY) |
35,190,000 | 4,873,591 | ||||||
Colombia Government International Bonds | ||||||||
3.125%, 04/15/31 |
2,234,000 | 1,650,604 | ||||||
3.250%, 04/22/32 |
1,701,000 | 1,220,711 | ||||||
3.875%, 02/15/61 |
848,000 | 438,350 | ||||||
4.125%, 02/22/42 |
382,000 | 230,412 | ||||||
7.500%, 02/02/34 |
1,685,000 | 1,591,011 | ||||||
8.000%, 04/20/33 |
1,525,000 | 1,505,759 | ||||||
Costa Rica Government International Bond | ||||||||
6.550%, 04/03/34 (144A) |
943,000 | 916,330 | ||||||
Dominican Republic International Bonds | ||||||||
4.875%, 09/23/32 |
1,420,000 | 1,151,740 | ||||||
5.300%, 01/21/41 (d) |
881,000 | 645,534 | ||||||
5.500%, 02/22/29 (144A) (d) |
1,383,000 | 1,263,946 | ||||||
5.875%, 01/30/60 |
1,020,000 | 728,618 | ||||||
6.500%, 02/15/48 |
507,000 | 409,126 | ||||||
8.625%, 04/20/27 |
691,000 | 710,905 | ||||||
11.250%, 09/15/35 (144A) (DOP) |
124,000,000 | 2,230,053 | ||||||
Ecuador Government International Bonds | ||||||||
3.500%, 07/31/35 (144A) (a) |
4,020,847 | 1,487,277 | ||||||
3.500%, 07/31/35 (a) |
478,709 | 177,070 | ||||||
6.000%, 07/31/30 (144A) (a) |
1,531,485 | 778,608 | ||||||
Egypt Government International Bonds | ||||||||
3.875%, 02/16/26 (144A) |
1,031,000 | 731,024 | ||||||
5.250%, 10/06/25 |
520,000 | 399,000 | ||||||
5.800%, 09/30/27 |
1,095,000 | 718,351 | ||||||
7.053%, 01/15/32 |
754,000 | 432,166 | ||||||
7.500%, 02/16/61 (144A) |
219,000 | 110,161 | ||||||
8.500%, 01/31/47 |
2,058,000 | 1,093,168 | ||||||
8.700%, 03/01/49 |
658,000 | 350,747 |
BHFTI-28
Table of Contents
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Foreign Government(Continued)
Security Description | Principal Amount* |
Value | ||||||
Sovereign(Continued) | ||||||||
El Salvador Government International Bonds | ||||||||
6.375%, 01/18/27 |
2,494,000 | $ | 2,028,063 | |||||
8.625%, 02/28/29 |
1,540,000 | 1,255,689 | ||||||
Finland Government Bonds | ||||||||
Zero Coupon, 09/15/30 (144A) (EUR) |
2,323,000 | 1,962,711 | ||||||
2.875%, 04/15/29 (144A) (EUR) |
5,719,000 | 5,932,015 | ||||||
French Republic Government Bond OAT | ||||||||
0.500%, 05/25/40 (144A) (EUR) |
3,637,000 | 2,325,550 | ||||||
Gabon Government International Bond | ||||||||
6.625%, 02/06/31 |
523,000 | 387,674 | ||||||
Ghana Government International Bonds | ||||||||
7.625%, 05/16/29 |
490,000 | 216,257 | ||||||
7.875%, 02/11/35 (144A) |
1,046,000 | 463,905 | ||||||
8.627%, 06/16/49 |
1,125,000 | 475,407 | ||||||
8.750%, 03/11/61 (144A) |
233,000 | 98,626 | ||||||
8.950%, 03/26/51 |
2,508,000 | 1,062,314 | ||||||
Guatemala Government Bonds | ||||||||
4.375%, 06/05/27 (d) |
3,123,000 | 2,877,412 | ||||||
4.900%, 06/01/30 |
1,620,000 | 1,468,090 | ||||||
6.125%, 06/01/50 |
775,000 | 666,293 | ||||||
Hungary Government International Bonds | ||||||||
2.125%, 09/22/31 |
4,037,000 | 2,971,757 | ||||||
5.250%, 06/16/29 (144A) |
498,000 | 474,957 | ||||||
5.500%, 06/16/34 (144A) |
1,000,000 | 911,000 | ||||||
5.500%, 06/16/34 |
955,000 | 870,005 | ||||||
6.750%, 09/25/52 (144A) |
593,000 | 562,105 | ||||||
Indonesia Government International Bonds | ||||||||
1.000%, 07/28/29 (EUR) |
520,000 | 451,070 | ||||||
2.850%, 02/14/30 |
1,163,000 | 988,815 | ||||||
4.125%, 01/15/25 |
555,000 | 545,613 | ||||||
4.200%, 10/15/50 |
648,000 | 496,142 | ||||||
4.300%, 03/31/52 |
359,000 | 276,870 | ||||||
Indonesia Treasury Bonds | ||||||||
6.500%, 02/15/31 (IDR) |
18,816,000,000 | 1,193,668 | ||||||
7.250%, 02/15/26 (IDR) |
36,206,000,000 | 2,387,277 | ||||||
Italy Buoni Poliennali Del Tesoro | ||||||||
2.800%, 06/15/29 (EUR) |
869,000 | 851,740 | ||||||
4.000%, 10/30/31 (144A) (EUR) |
3,874,000 | 3,964,344 | ||||||
4.000%, 04/30/35 (144A) (EUR) |
2,700,000 | 2,653,975 | ||||||
4.400%, 05/01/33 (EUR) |
3,390,000 | 3,517,163 | ||||||
Ivory Coast Government International Bond | ||||||||
6.375%, 03/03/28 |
1,281,000 | 1,194,532 | ||||||
Jamaica Government International Bonds | ||||||||
7.625%, 07/09/25 |
380,002 | 384,027 | ||||||
7.875%, 07/28/45 (d) |
573,000 | 630,292 | ||||||
Japan Government Five Year Bond | ||||||||
0.005%, 09/20/26 (JPY) |
529,800,000 | 3,533,891 | ||||||
Japan Government Thirty Year Bonds | ||||||||
0.400%, 12/20/49 (JPY) |
264,800,000 | 1,314,804 | ||||||
0.600%, 09/20/50 (JPY) |
490,100,000 | 2,545,083 | ||||||
Japan Government Twenty Year Bonds | ||||||||
0.500%, 09/20/36 (JPY) |
1,892,500,000 | 11,867,257 | ||||||
1.400%, 12/20/42 (JPY) |
569,150,000 | 3,796,783 | ||||||
1.700%, 09/20/32 (JPY) |
39,600,000 | 287,839 | ||||||
Jordan Government International Bonds | ||||||||
7.375%, 10/10/47 |
1,570,000 | 1,292,424 | ||||||
7.500%, 01/13/29 (144A) |
1,196,000 | 1,166,545 | ||||||
Sovereign(Continued) | ||||||||
Kingdom of Belgium Government Bond | ||||||||
1.450%, 06/22/37 (144A) (EUR) |
2,803,000 | 2,254,052 | ||||||
Korea Treasury Bonds | ||||||||
1.375%, 12/10/29 (KRW) |
6,303,790,000 | 4,017,795 | ||||||
2.375%, 03/10/27 (KRW) |
8,626,690,000 | 6,080,665 | ||||||
3.125%, 06/10/25 (KRW) |
10,919,100,000 | 7,999,577 | ||||||
3.125%, 09/10/27 (KRW) |
7,745,670,000 | 5,576,045 | ||||||
Lebanon Government International Bonds | ||||||||
6.000%, 01/27/23 (e) |
6,653,000 | 532,213 | ||||||
6.200%, 02/26/25 (e) |
461,000 | 36,501 | ||||||
6.650%, 11/03/28 (e) |
2,006,000 | 158,835 | ||||||
Malaysia Government Bond | ||||||||
4.498%, 04/15/30 (MYR) |
9,553,000 | 2,105,373 | ||||||
Mexico Bonos | ||||||||
8.000%, 11/07/47 (MXN) |
16,536,400 | 780,302 | ||||||
8.000%, 07/31/53 (MXN) |
91,116,700 | 4,265,480 | ||||||
8.500%, 05/31/29 (MXN) |
30,030,000 | 1,610,756 | ||||||
Mexico Government International Bond | ||||||||
3.771%, 05/24/61 |
4,535,000 | 2,657,290 | ||||||
Morocco Government International Bonds | ||||||||
2.375%, 12/15/27 |
1,143,000 | 981,791 | ||||||
6.500%, 09/08/33 (144A) |
416,000 | 407,680 | ||||||
Nigeria Government International Bonds | ||||||||
6.125%, 09/28/28 (144A) |
472,000 | 375,240 | ||||||
6.125%, 09/28/28 |
3,696,000 | 2,938,320 | ||||||
6.500%, 11/28/27 |
392,000 | 326,293 | ||||||
7.143%, 02/23/30 |
1,033,000 | 813,628 | ||||||
7.375%, 09/28/33 (144A) |
558,000 | 411,670 | ||||||
7.375%, 09/28/33 |
1,869,000 | 1,378,873 | ||||||
Oman Government International Bonds | ||||||||
4.875%, 02/01/25 |
709,000 | 696,090 | ||||||
5.625%, 01/17/28 |
1,215,000 | 1,182,802 | ||||||
6.250%, 01/25/31 |
490,000 | 483,282 | ||||||
Pakistan Government International Bond | ||||||||
8.875%, 04/08/51 |
687,000 | 316,020 | ||||||
Panama Bonos del Tesoro | ||||||||
3.362%, 06/30/31 |
689,000 | 571,181 | ||||||
Panama Government International Bonds | ||||||||
2.252%, 09/29/32 (d) |
970,000 | 701,076 | ||||||
3.870%, 07/23/60 |
2,167,000 | 1,250,869 | ||||||
6.400%, 02/14/35 (d) |
2,153,000 | 2,084,172 | ||||||
6.700%, 01/26/36 |
390,000 | 384,976 | ||||||
6.853%, 03/28/54 |
1,492,000 | 1,385,423 | ||||||
6.875%, 01/31/36 |
543,000 | 543,111 | ||||||
Panama Notas del Tesoro | ||||||||
3.750%, 04/17/26 |
1,775,000 | 1,613,848 | ||||||
Paraguay Government International Bonds | ||||||||
3.849%, 06/28/33 (144A) |
209,000 | 171,336 | ||||||
3.849%, 06/28/33 |
690,000 | 565,653 | ||||||
4.950%, 04/28/31 (144A) |
650,000 | 600,661 | ||||||
4.950%, 04/28/31 |
460,000 | 425,083 | ||||||
Perusahaan Penerbit SBSN Indonesia III | ||||||||
4.150%, 03/29/27 |
570,000 | 545,753 | ||||||
Peruvian Government International Bond | ||||||||
3.000%, 01/15/34 (d) |
495,000 | 381,180 |
BHFTI-29
Table of Contents
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Foreign Government(Continued)
Security Description | Principal Amount* |
Value | ||||||
Sovereign(Continued) | ||||||||
Philippines Government International Bonds | ||||||||
3.200%, 07/06/46 |
1,794,000 | $ | 1,177,143 | |||||
3.229%, 03/29/27 |
292,000 | 272,623 | ||||||
3.556%, 09/29/32 |
1,465,000 | 1,260,310 | ||||||
3.750%, 01/14/29 |
364,000 | 336,257 | ||||||
4.200%, 03/29/47 |
630,000 | 487,615 | ||||||
5.500%, 03/30/26 (d) |
288,000 | 288,104 | ||||||
Qatar Government International Bonds | ||||||||
4.400%, 04/16/50 (144A) |
1,538,000 | 1,252,824 | ||||||
4.400%, 04/16/50 |
1,580,000 | 1,287,036 | ||||||
4.500%, 04/23/28 |
678,000 | 666,135 | ||||||
4.817%, 03/14/49 |
980,000 | 849,533 | ||||||
5.103%, 04/23/48 |
200,000 | 180,938 | ||||||
Republic of Austria Government Bonds | ||||||||
Zero Coupon, 02/20/30 (144A) (EUR) |
592,000 | 509,276 | ||||||
0.900%, 02/20/32 (144A) (EUR) |
6,325,000 | 5,494,261 | ||||||
2.900%, 05/23/29 (144A) (EUR) |
2,272,000 | 2,363,610 | ||||||
2.900%, 02/20/33 (144A) (EUR) |
1,195,000 | 1,210,057 | ||||||
Republic of Azerbaijan International Bond | ||||||||
3.500%, 09/01/32 |
1,030,000 | 836,966 | ||||||
Republic of Kenya Government International Bonds | ||||||||
6.300%, 01/23/34 |
1,146,000 | 760,001 | ||||||
7.000%, 05/22/27 |
2,006,000 | 1,695,070 | ||||||
7.250%, 02/28/28 |
1,233,000 | 990,084 | ||||||
Republic of Poland Government International Bonds | ||||||||
4.875%, 10/04/33 (d) |
1,147,000 | 1,066,710 | ||||||
5.500%, 04/04/53 |
424,000 | 383,211 | ||||||
Republic of South Africa Government Bonds | ||||||||
8.000%, 01/31/30 (ZAR) |
23,153,995 | 1,066,854 | ||||||
8.875%, 02/28/35 (ZAR) |
19,024,727 | 791,786 | ||||||
Republic of South Africa Government International Bonds | ||||||||
4.850%, 09/30/29 |
1,011,000 | 865,669 | ||||||
5.650%, 09/27/47 |
826,000 | 547,795 | ||||||
5.750%, 09/30/49 |
1,995,000 | 1,316,800 | ||||||
5.875%, 04/20/32 |
745,000 | 633,250 | ||||||
Romania Government International Bonds | ||||||||
3.000%, 02/14/31 |
800,000 | 642,864 | ||||||
3.625%, 03/27/32 (144A) |
794,000 | 644,331 | ||||||
3.625%, 03/27/32 |
558,000 | 452,817 | ||||||
4.000%, 02/14/51 |
868,000 | 552,135 | ||||||
5.250%, 11/25/27 (144A) |
1,010,000 | 982,164 | ||||||
5.250%, 11/25/27 |
1,150,000 | 1,118,306 | ||||||
6.000%, 05/25/34 |
822,000 | 772,557 | ||||||
6.625%, 09/27/29 (144A) (EUR) |
365,000 | 396,616 | ||||||
Saudi Government International Bonds | ||||||||
2.250%, 02/02/33 |
2,595,000 | 1,986,929 | ||||||
3.250%, 10/22/30 (144A) |
689,000 | 602,875 | ||||||
3.450%, 02/02/61 |
2,147,000 | 1,312,294 | ||||||
5.250%, 01/16/50 |
1,842,000 | 1,599,228 | ||||||
Senegal Government International Bonds | ||||||||
4.750%, 03/13/28 (EUR) |
740,000 | 665,480 | ||||||
6.250%, 05/23/33 |
651,000 | 521,008 | ||||||
6.750%, 03/13/48 |
274,000 | 183,320 | ||||||
Serbia International Bonds | ||||||||
6.500%, 09/26/33 (144A) |
262,000 | 249,038 | ||||||
6.500%, 09/26/33 |
1,925,000 | 1,829,766 | ||||||
Sovereign(Continued) | ||||||||
Spain Government Bonds | ||||||||
3.450%, 07/30/43 (144A) (EUR) |
2,034,000 | 1,884,669 | ||||||
3.900%, 07/30/39 (144A) (EUR) |
2,480,000 | 2,507,844 | ||||||
Sri Lanka Government International Bonds | ||||||||
6.200%, 05/11/27 |
1,023,000 | 471,388 | ||||||
6.850%, 11/03/25 |
1,370,000 | 652,629 | ||||||
7.550%, 03/28/30 |
1,344,000 | 619,273 | ||||||
7.850%, 03/14/29 |
523,000 | 242,276 | ||||||
Sweden Bond Inflation-Linked | ||||||||
0.125%, 12/01/27 (SEK) (c) |
6,330,000 | 701,003 | ||||||
Thailand Government Bond | ||||||||
3.350%, 06/17/33 (THB) |
54,975,000 | 1,523,581 | ||||||
Turkey Government International Bonds |
||||||||
4.875%, 10/09/26 |
1,455,000 | 1,332,576 | ||||||
4.875%, 04/16/43 |
1,708,000 | 1,079,695 | ||||||
5.250%, 03/13/30 |
1,715,000 | 1,424,942 | ||||||
5.875%, 06/26/31 |
757,000 | 634,782 | ||||||
6.125%, 10/24/28 |
1,008,000 | 917,774 | ||||||
Ukraine Government International Bonds | ||||||||
6.750%, 06/20/28 (144A) (EUR) |
442,000 | 119,322 | ||||||
6.876%, 05/21/31 |
1,096,000 | 286,352 | ||||||
7.375%, 09/25/34 |
1,234,000 | 324,246 | ||||||
7.750%, 09/01/26 |
4,290,000 | 1,269,597 | ||||||
7.750%, 09/01/29 |
1,548,000 | 441,889 | ||||||
United Kingdom Gilt | ||||||||
0.125%, 01/31/28 (GBP) |
4,284,000 | 4,368,441 | ||||||
0.875%, 01/31/46 (GBP) |
2,490,000 | 1,401,363 | ||||||
1.250%, 10/22/41 (GBP) |
3,510,641 | 2,465,915 | ||||||
1.500%, 07/31/53 (GBP) |
1,200,098 | 697,769 | ||||||
1.750%, 09/07/37 (GBP) |
2,428,769 | 2,083,549 | ||||||
3.750%, 01/29/38 (GBP) |
1,661,690 | 1,823,651 | ||||||
Uruguay Government International Bonds | ||||||||
4.375%, 01/23/31 |
676,097 | 646,332 | ||||||
4.975%, 04/20/55 |
857,005 | 740,852 | ||||||
7.875%, 01/15/33 (f) |
535,000 | 621,956 | ||||||
Zambia Government International Bond | ||||||||
8.970%, 07/30/27 |
1,123,000 | 608,599 | ||||||
|
|
|||||||
289,453,052 | ||||||||
|
|
|||||||
Transportation0.3% | ||||||||
SNCF Reseau | ||||||||
1.125%, 05/25/30 (EUR) |
1,500,000 | 1,356,542 | ||||||
|
|
|||||||
Total Foreign Government |
303,741,803 | |||||||
|
|
|||||||
Corporate Bonds & Notes30.0% |
| |||||||
Advertising0.1% | ||||||||
Interpublic Group of Cos., Inc. | ||||||||
5.375%, 06/15/33 (d) |
488,000 | 455,698 | ||||||
|
|
|||||||
Aerospace/Defense0.1% | ||||||||
Embraer Netherlands Finance BV | ||||||||
7.000%, 07/28/30 (144A) |
616,000 | 611,045 | ||||||
|
|
BHFTI-30
Table of Contents
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Agriculture0.2% | ||||||||
Altria Group, Inc. | ||||||||
3.125%, 06/15/31 (EUR) |
860,000 | $ | 772,735 | |||||
BAT International Finance PLC | ||||||||
6.000%, 11/24/34 (GBP) |
305,000 | 334,685 | ||||||
|
|
|||||||
1,107,420 | ||||||||
|
|
|||||||
Apparel0.2% | ||||||||
VF Corp. | ||||||||
4.250%, 03/07/29 (EUR) |
811,000 | 828,363 | ||||||
|
|
|||||||
Auto Manufacturers0.4% | ||||||||
Harley-Davidson Financial Services, Inc. | ||||||||
3.050%, 02/14/27 (144A) |
330,000 | 294,763 | ||||||
Volkswagen International Finance NV | ||||||||
0.875%, 09/22/28 (EUR) |
800,000 | 708,095 | ||||||
1.875%, 03/30/27 (EUR) |
400,000 | 386,362 | ||||||
3.748%, 5Y EUR Swap + 2.924%, 12/28/27 (EUR) (b) |
400,000 | 363,783 | ||||||
3.875%, 10Y EUR Swap + 3.370%, 06/14/27 (EUR) (b) |
100,000 | 93,281 | ||||||
|
|
|||||||
1,846,284 | ||||||||
|
|
|||||||
Auto Parts & Equipment0.1% | ||||||||
Iochpe-Maxion Austria GmbH/Maxion Wheels de Mexico S de Real de CV |
||||||||
5.000%, 05/07/28 |
280,000 | 241,150 | ||||||
ZF Finance GmbH | ||||||||
2.000%, 05/06/27 (EUR) |
200,000 | 185,019 | ||||||
|
|
|||||||
426,169 | ||||||||
|
|
|||||||
Banks6.8% | ||||||||
AIB Group PLC | ||||||||
2.250%, 1Y EUR Swap + 1.300%, 04/04/28 (EUR) (b) |
885,000 | 856,211 | ||||||
Australia & New Zealand Banking Group Ltd. | ||||||||
0.250%, 03/17/25 (EUR) |
1,045,000 | 1,046,673 | ||||||
Banco Nacional de Panama | ||||||||
2.500%, 08/11/30 |
1,055,000 | 817,766 | ||||||
Banco Santander SA | ||||||||
3.125%, 1Y UKG + 1.800%, 10/06/26 (GBP) (b) |
300,000 | 341,729 | ||||||
6.921%, 08/08/33 |
400,000 | 382,194 | ||||||
Bank Hapoalim BM | ||||||||
3.255%, 5Y H15 + 2.155%, 01/21/32 (144A) (b) |
312,000 | 265,976 | ||||||
Bank Leumi Le-Israel BM | ||||||||
7.129%, 5Y H15 + 3.466%, 07/18/33 (144A) (b) |
365,000 | 358,147 | ||||||
Bank of America Corp. | ||||||||
1.776%, 3M EURIBOR + 1.200%, 05/04/27 (EUR) (b) |
1,189,000 | 1,177,510 | ||||||
8.806%, 3M TSFR + 3.397%, 10/30/23 (b) |
161,000 | 161,067 | ||||||
Bank of East Asia Ltd. | ||||||||
6.750%, 1Y H15 + 2.100%, 03/15/27 (b) |
260,000 | 256,385 | ||||||
Bank of Montreal | ||||||||
0.125%, 01/26/27 (EUR) |
640,000 | 598,728 | ||||||
1.000%, 04/05/26 (EUR) |
619,000 | 609,166 | ||||||
Bank of Nova Scotia | ||||||||
0.010%, 01/14/27 (EUR) |
1,565,000 | 1,461,128 | ||||||
0.450%, 03/16/26 (EUR) |
246,000 | 239,059 | ||||||
Banque Federative du Credit Mutuel SA | ||||||||
3.875%, 5Y EUR Swap + 2.200%, 06/16/32 (EUR) (b) |
700,000 | 697,975 | ||||||
Banks(Continued) | ||||||||
Barclays PLC | ||||||||
6.125%, 5Y H15 + 5.867%, 12/15/25 (b) |
716,000 | 648,301 | ||||||
Cie de Financement Foncier SA | ||||||||
0.375%, 04/09/27 (EUR) |
1,200,000 | 1,132,147 | ||||||
Citigroup, Inc. | ||||||||
7.625%, 5Y H15 + 3.211%, 11/15/28 (b) |
137,000 | 133,657 | ||||||
9.699%, 3M TSFR + 4.330%, 10/30/23 (b) |
200,000 | 199,618 | ||||||
Commonwealth Bank of Australia | ||||||||
0.125%, 10/15/29 (EUR) |
1,015,000 | 862,033 | ||||||
0.750%, 02/28/28 (EUR) |
235,000 | 217,926 | ||||||
Cooperatieve Rabobank UA | ||||||||
4.625%, 05/23/29 (GBP) |
625,000 | 692,443 | ||||||
Deutsche Bank AG | ||||||||
1.875%, 3M EURIBOR + 1.380%, 02/23/28 (EUR) (b) |
100,000 | 94,397 | ||||||
4.000%, SONIA + 1.939%, 06/24/26 (GBP) (b) |
700,000 | 811,110 | ||||||
DNB Boligkreditt AS | ||||||||
0.250%, 09/07/26 (EUR) |
1,314,000 | 1,256,472 | ||||||
0.625%, 06/19/25 (EUR) |
433,000 | 433,267 | ||||||
Goldman Sachs Group, Inc. | ||||||||
0.875%, 05/09/29 (EUR) |
975,000 | 842,406 | ||||||
8.501%, 3M TSFR + 3.136%, 10/30/23 (b) |
202,000 | 201,065 | ||||||
HSBC Holdings PLC | ||||||||
4.600%, 5Y H15 + 3.649%, 12/17/30 (b) |
818,000 | 618,155 | ||||||
6.364%, 5Y EUR Swap + 3.300%, 11/16/32 (EUR) (b) |
650,000 | 701,816 | ||||||
ING Groep NV | ||||||||
6.750%, 5Y USD ICE Swap + 4.204%, 04/16/24 (b) |
790,000 | 774,200 | ||||||
Intesa Sanpaolo SpA | ||||||||
6.625%, 06/20/33 (144A) |
528,000 | 496,177 | ||||||
JPMorgan Chase & Co. | ||||||||
1.090%, 3M EURIBOR + 0.760%, 03/11/27 (EUR) (b) |
1,200,000 | 1,172,066 | ||||||
8.884%, 3M TSFR + 3.512%, 11/01/23 (b) |
8,000 | 8,015 | ||||||
8.934%, 3M TSFR + 3.562%, 11/01/23 (b) |
168,000 | 168,570 | ||||||
KBC Group NV | ||||||||
4.875%, 5Y EUR Swap + 2.250%, 04/25/33 (EUR) (b) |
400,000 | 411,139 | ||||||
Lloyds Bank PLC | ||||||||
0.125%, 06/18/26 (EUR) |
1,425,000 | 1,363,676 | ||||||
Morgan Stanley | ||||||||
4.656%, 3M EURIBOR + 1.304%, 03/02/29 (EUR) (b) |
1,385,000 | 1,462,927 | ||||||
National Australia Bank Ltd. | ||||||||
0.010%, 01/06/29 (EUR) |
1,215,000 | 1,052,909 | ||||||
NatWest Group PLC | ||||||||
2.000%, 3M EURIBOR + 1.737%, 03/04/25 (EUR) (b) |
900,000 | 941,159 | ||||||
5.763%, 5Y EUR Swap + 2.600%, 02/28/34 (EUR) (b) |
395,000 | 411,260 | ||||||
Santander U.K. Group Holdings PLC | ||||||||
3.530%, 1Y EUR Swap + 1.850%, 08/25/28 (EUR) (b) |
718,000 | 721,202 | ||||||
Santander U.K. PLC | ||||||||
0.050%, 01/12/27 (EUR) |
775,000 | 724,658 | ||||||
Shinhan Financial Group Co. Ltd. | ||||||||
2.875%, 5Y H15 + 2.064%, 05/12/26 (b) |
201,000 | 177,684 | ||||||
Stadshypotek AB | ||||||||
0.010%, 11/24/28 (EUR) |
1,100,000 | 966,007 | ||||||
Standard Chartered PLC | ||||||||
1.456%, 1Y H15 + 1.000%, 01/14/27 (b) |
480,000 | 428,514 | ||||||
7.141%, 3M LIBOR + 1.510%, 01/30/27 (144A) (b) |
1,000,000 | 927,854 |
BHFTI-31
Table of Contents
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Banks(Continued) | ||||||||
Toronto-Dominion Bank | ||||||||
0.100%, 07/19/27 (EUR) |
445,000 | $ | 409,420 | |||||
3.250%, 04/27/26 (EUR) |
665,000 | 691,271 | ||||||
Truist Financial Corp. | ||||||||
5.100%, 10Y H15 + 4.349%, 03/01/30 (b) |
499,000 | 426,626 | ||||||
Turkiye Vakiflar Bankasi TAO | ||||||||
9.000%, 10/12/28 (144A) |
585,000 | 582,660 | ||||||
UBS Group AG | ||||||||
4.625%, 1Y EURIBOR ICE Swap + 1.150%, 03/17/28 (EUR) (b) |
654,000 | 684,873 | ||||||
7.750%, 1Y EURIBOR ICE Swap + 4.950%, 03/01/29 (EUR) (b) |
586,000 | 683,967 | ||||||
UniCredit SpA | ||||||||
1.200%, 3M EURIBOR + 1.350%, 01/20/26 (EUR) (b) |
955,000 | 961,718 | ||||||
Westpac Banking Corp. | ||||||||
0.010%, 09/22/28 (EUR) |
279,000 | 243,373 | ||||||
Yapi ve Kredi Bankasi AS | ||||||||
9.250%, 10/16/28 (144A) |
600,000 | 602,616 | ||||||
|
|
|||||||
35,609,068 | ||||||||
|
|
|||||||
Chemicals0.7% | ||||||||
Braskem Idesa SAPI | ||||||||
6.990%, 02/20/32 (144A) (d) |
726,000 | 436,503 | ||||||
6.990%, 02/20/32 |
440,000 | 264,547 | ||||||
Braskem Netherlands Finance BV | ||||||||
4.500%, 01/31/30 (d) |
571,000 | 465,381 | ||||||
7.250%, 02/13/33 (144A) |
299,000 | 275,490 | ||||||
8.500%, 01/12/31 (144A) (d) |
580,000 | 574,751 | ||||||
CNAC HK Finbridge Co. Ltd. | ||||||||
5.125%, 03/14/28 |
200,000 | 192,245 | ||||||
INEOS Quattro Finance 2 PLC | ||||||||
2.500%, 01/15/26 (144A) (EUR) |
561,000 | 538,889 | ||||||
Sasol Financing USA LLC | ||||||||
8.750%, 05/03/29 (144A) (d) |
285,000 | 274,021 | ||||||
UPL Corp. Ltd. | ||||||||
4.500%, 03/08/28 |
525,000 | 453,651 | ||||||
|
|
|||||||
3,475,478 | ||||||||
|
|
|||||||
Coal0.1% | ||||||||
Indika Energy Capital IV Pte. Ltd. | ||||||||
8.250%, 10/22/25 |
420,000 | 414,748 | ||||||
|
|
|||||||
Commercial Services0.9% | ||||||||
Adani Ports & Special Economic Zone Ltd. | ||||||||
3.828%, 02/02/32 |
220,000 | 155,055 | ||||||
4.375%, 07/03/29 |
250,000 | 199,841 | ||||||
Autopistas del Sol SA | ||||||||
7.375%, 12/30/30 |
742,360 | 660,218 | ||||||
DP World Ltd. | ||||||||
6.850%, 07/02/37 |
1,550,000 | 1,598,521 | ||||||
DP World Salaam | ||||||||
6.000%, 5Y H15 + 5.750%, 10/01/25 (b) |
1,024,000 | 1,008,640 | ||||||
Global Payments, Inc. | ||||||||
4.875%, 03/17/31 (EUR) |
455,000 | 468,296 | ||||||
Commercial Services(Continued) | ||||||||
JSW Infrastructure Ltd. |
||||||||
4.950%, 01/21/29 (144A) |
531,000 | 466,144 | ||||||
|
|
|||||||
4,556,715 | ||||||||
|
|
|||||||
Computers0.3% | ||||||||
CA Magnum Holdings | ||||||||
5.375%, 10/31/26 (144A) |
680,000 | 601,875 | ||||||
Kyndryl Holdings, Inc. | ||||||||
2.050%, 10/15/26 (d) |
679,000 | 592,690 | ||||||
Lenovo Group Ltd. | ||||||||
3.421%, 11/02/30 |
285,000 | 232,414 | ||||||
Western Digital Corp. | ||||||||
3.100%, 02/01/32 |
246,000 | 181,157 | ||||||
|
|
|||||||
1,608,136 | ||||||||
|
|
|||||||
Diversified Financial Services0.6% | ||||||||
Aviation Capital Group LLC | ||||||||
3.500%, 11/01/27 (144A) (d) |
214,000 | 188,957 | ||||||
4.375%, 01/30/24 (144A) |
459,000 | 454,969 | ||||||
BPCE SFH SA | ||||||||
0.010%, 01/21/27 (EUR) |
800,000 | 749,678 | ||||||
0.010%, 11/10/27 (EUR) |
400,000 | 364,648 | ||||||
China Great Wall International Holdings V Ltd. | ||||||||
2.875%, 11/23/26 |
270,000 | 225,486 | ||||||
Credit Mutuel Home Loan SFH SA | ||||||||
3.125%, 06/22/27 (EUR) |
800,000 | 830,364 | ||||||
Intercorp Financial Services, Inc. | ||||||||
4.125%, 10/19/27 |
285,000 | 252,188 | ||||||
Joy Treasure Assets Holdings, Inc. | ||||||||
4.500%, 03/20/29 |
340,000 | 296,548 | ||||||
|
|
|||||||
3,362,838 | ||||||||
|
|
|||||||
Electric2.5% | ||||||||
Adani Green Energy Ltd. | ||||||||
4.375%, 09/08/24 |
1,040,000 | 970,132 | ||||||
AES Andes SA | ||||||||
6.350%, 5Y H15 + 4.917%, 10/07/79 (144A) (b) |
457,000 | 429,501 | ||||||
Alexander Funding Trust II | ||||||||
7.467%, 07/31/28 (144A) |
277,000 | 277,363 | ||||||
Alfa Desarrollo SpA | ||||||||
4.550%, 09/27/51 (144A) |
792,028 | 541,392 | ||||||
Cadent Finance PLC | ||||||||
0.625%, 03/19/30 (EUR) |
660,000 | 547,622 | ||||||
China Huadian Overseas Development 2018 Ltd. | ||||||||
3.375%, 5Y H15 + 6.065%, 06/23/25 (b) |
200,000 | 190,600 | ||||||
Colbun SA | ||||||||
3.950%, 10/11/27 |
200,000 | 184,444 | ||||||
Cometa Energia SA de CV |
||||||||
6.375%, 04/24/35 |
255,331 | 237,783 | ||||||
Comision Federal de Electricidad | ||||||||
3.348%, 02/09/31 |
745,000 | 580,935 | ||||||
4.688%, 05/15/29 (144A) |
359,000 | 322,625 | ||||||
4.688%, 05/15/29 |
414,000 | 372,052 | ||||||
5.000%, 09/29/36 |
706,000 | 593,040 |
BHFTI-32
Table of Contents
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Electric(Continued) | ||||||||
EDP - Energias de Portugal SA | ||||||||
1.500%, 5Y EUR Swap + 1.888%, 03/14/82 (EUR) (b) |
400,000 | $ | 357,879 | |||||
Electricite de France SA | ||||||||
2.875%, 5Y EUR Swap + 3.373%, 12/15/26 (EUR) (b) |
400,000 | 367,437 | ||||||
5.875%, 07/18/31 (GBP) |
250,000 | 296,147 | ||||||
5.993%, 05/23/30 (CAD) |
244,000 | 175,247 | ||||||
Empresas Publicas de Medellin ESP | ||||||||
4.250%, 07/18/29 (144A) |
592,000 | 475,042 | ||||||
Enel SpA | ||||||||
6.375%, 5Y EUR Swap + 3.486%, 04/16/28 (EUR) (b) |
530,000 | 565,825 | ||||||
Eskom Holdings SOC Ltd. | ||||||||
7.125%, 02/11/25 |
666,000 | 649,129 | ||||||
Iberdrola International BV | ||||||||
1.450%, 5Y EUR Swap + 1.832%, 11/09/26 (EUR) (b) |
700,000 | 640,662 | ||||||
India Clean Energy Holdings | ||||||||
4.500%, 04/18/27 (144A) |
665,000 | 551,063 | ||||||
Israel Electric Corp. Ltd. | ||||||||
3.750%, 02/22/32 (144A) |
213,000 | 174,979 | ||||||
JSW Hydro Energy Ltd. | ||||||||
4.125%, 05/18/31 |
751,800 | 624,776 | ||||||
Lamar Funding Ltd. | ||||||||
3.958%, 05/07/25 |
1,772,000 | 1,686,944 | ||||||
Minejesa Capital BV | ||||||||
5.625%, 08/10/37 |
595,000 | 453,902 | ||||||
NRG Energy, Inc. | ||||||||
4.450%, 06/15/29 (144A) |
47,000 | 40,760 | ||||||
ReNew Wind Energy AP2/ReNew Power Pvt Ltd. other 9 Subsidiaries | ||||||||
4.500%, 07/14/28 |
315,000 | 264,893 | ||||||
SSE PLC | ||||||||
8.375%, 11/20/28 (GBP) |
545,000 | 739,622 | ||||||
|
|
|||||||
13,311,796 | ||||||||
|
|
|||||||
Electronics0.3% | ||||||||
Honeywell International, Inc. | ||||||||
2.250%, 02/22/28 (EUR) |
410,000 | 404,963 | ||||||
4.125%, 11/02/34 (EUR) |
1,141,000 | 1,183,407 | ||||||
|
|
|||||||
1,588,370 | ||||||||
|
|
|||||||
Energy-Alternate Sources0.1% | ||||||||
Greenko Dutch BV | ||||||||
3.850%, 03/29/26 |
370,000 | 332,349 | ||||||
Greenko Solar Mauritius Ltd. | ||||||||
5.950%, 07/29/26 |
215,000 | 200,219 | ||||||
|
|
|||||||
532,568 | ||||||||
|
|
|||||||
Engineering & Construction1.2% | ||||||||
Aeropuerto Internacional de Tocumen SA | ||||||||
5.125%, 08/11/61 |
2,465,000 | 1,787,125 | ||||||
Dianjian Haiyu Ltd. | ||||||||
4.250%, 5Y H15 + 4.575%, 01/14/27 (b) |
1,423,000 | 1,349,023 | ||||||
Gatwick Funding Ltd. | ||||||||
2.500%, 04/15/32 (GBP) |
720,000 | 712,595 | ||||||
Heathrow Funding Ltd. | ||||||||
2.750%, 10/13/31 (GBP) |
490,000 | 500,704 | ||||||
6.450%, 12/10/33 (GBP) |
271,000 | 337,397 | ||||||
Engineering & Construction(Continued) | ||||||||
Powerchina Roadbridge Group British Virgin Islands Ltd. | ||||||||
3.080%, 5Y H15 + 5.256%, 04/01/26 (b) |
1,485,000 | 1,378,526 | ||||||
State Agency of Roads of Ukraine | ||||||||
6.250%, 06/24/30 (144A) |
1,144,000 | 303,160 | ||||||
|
|
|||||||
6,368,530 | ||||||||
|
|
|||||||
Entertainment0.1% | ||||||||
GENM Capital Labuan Ltd. | ||||||||
3.882%, 04/19/31 |
900,000 | 704,207 | ||||||
|
|
|||||||
Food0.3% | ||||||||
China Modern Dairy Holdings Ltd. | ||||||||
2.125%, 07/14/26 |
310,000 | 265,872 | ||||||
MARB BondCo PLC | ||||||||
3.950%, 01/29/31 |
345,000 | 255,828 | ||||||
Metro, Inc. | ||||||||
4.657%, 02/07/33 (CAD) |
628,000 | 430,332 | ||||||
Saputo, Inc. | ||||||||
2.297%, 06/22/28 (CAD) |
866,000 | 548,967 | ||||||
5.250%, 11/29/29 (CAD) |
377,000 | 270,668 | ||||||
|
|
|||||||
1,771,667 | ||||||||
|
|
|||||||
Gas0.1% | ||||||||
CU, Inc. | ||||||||
5.896%, 11/20/34 (CAD) |
69,000 | 52,489 | ||||||
National Grid North America, Inc. | ||||||||
1.054%, 01/20/31 (EUR) |
850,000 | 705,923 | ||||||
|
|
|||||||
758,412 | ||||||||
|
|
|||||||
Hand/Machine Tools0.2% | ||||||||
Finning International, Inc. | ||||||||
4.445%, 05/16/28 (CAD) |
1,170,000 | 816,971 | ||||||
|
|
|||||||
Healthcare-Services0.0% | ||||||||
Sutter Health | ||||||||
5.164%, 08/15/33 |
190,000 | 182,384 | ||||||
|
|
|||||||
Insurance0.4% | ||||||||
Allianz SE | ||||||||
3.099%, 3M EURIBOR + 3.350%, 07/06/47 (EUR) (b) |
500,000 | 495,054 | ||||||
CNP Assurances SACA | ||||||||
2.500%, 3M EURIBOR + 3.650%, 06/30/51 (EUR) (b) |
300,000 | 251,988 | ||||||
Credit Agricole Assurances SA | ||||||||
4.750%, 5Y EUR Swap + 5.350%, 09/27/48 (EUR) (b) |
600,000 | 602,823 | ||||||
Prudential Financial, Inc. | ||||||||
5.200%, 3M LIBOR + 3.040%, 03/15/44 (b) (d) |
642,000 | 628,119 | ||||||
|
|
|||||||
1,977,984 | ||||||||
|
|
|||||||
Internet0.2% | ||||||||
Booking Holdings, Inc. | ||||||||
4.500%, 11/15/31 (EUR) |
388,000 | 415,085 | ||||||
Prosus NV | ||||||||
3.061%, 07/13/31 |
465,000 | 345,243 |
BHFTI-33
Table of Contents
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Internet(Continued) | ||||||||
Weibo Corp. | ||||||||
3.500%, 07/05/24 |
245,000 | $ | 239,412 | |||||
|
|
|||||||
999,740 | ||||||||
|
|
|||||||
Investment Companies1.1% | ||||||||
Fund of National Welfare Samruk-Kazyna JSC | ||||||||
2.000%, 10/28/26 (144A) |
805,000 | 715,057 | ||||||
Gaci First Investment Co. | ||||||||
5.000%, 10/13/27 |
2,523,000 | 2,460,288 | ||||||
GTCR W-2 Merger Sub LLC/GTCR W Dutch Finance Sub BV | ||||||||
8.500%, 01/15/31 (144A) (GBP) |
120,000 | 149,523 | ||||||
Huarong Finance 2019 Co. Ltd. | ||||||||
3.250%, 11/13/24 |
400,000 | 375,000 | ||||||
3.750%, 05/29/24 |
208,000 | 200,889 | ||||||
Huarong Finance II Co. Ltd. | ||||||||
4.625%, 06/03/26 |
220,000 | 192,342 | ||||||
4.875%, 11/22/26 |
320,000 | 276,000 | ||||||
MDGH GMTN RSC Ltd. | ||||||||
4.500%, 11/07/28 |
1,356,000 | 1,302,975 | ||||||
|
|
|||||||
5,672,074 | ||||||||
|
|
|||||||
Iron/Steel0.2% | ||||||||
CSN Resources SA | ||||||||
4.625%, 06/10/31 (d) |
595,000 | 453,321 | ||||||
JSW Steel Ltd. | ||||||||
3.950%, 04/05/27 |
300,000 | 262,656 | ||||||
Vale Overseas Ltd. | ||||||||
3.750%, 07/08/30 |
275,000 | 234,444 | ||||||
|
|
|||||||
950,421 | ||||||||
|
|
|||||||
Leisure Time0.0% | ||||||||
Carnival PLC | ||||||||
1.000%, 10/28/29 (EUR) |
355,000 | 238,143 | ||||||
|
|
|||||||
Lodging0.1% | ||||||||
Studio City Co. Ltd. | ||||||||
7.000%, 02/15/27 (144A) |
250,000 | 235,726 | ||||||
Studio City Finance Ltd. | ||||||||
6.500%, 01/15/28 |
200,000 | 169,500 | ||||||
|
|
|||||||
405,226 | ||||||||
|
|
|||||||
Mining1.4% | ||||||||
Anglo American Capital PLC | ||||||||
4.750%, 09/21/32 (EUR) |
265,000 | 272,839 | ||||||
Aris Mining Corp. | ||||||||
6.875%, 08/09/26 |
395,000 | 315,506 | ||||||
Cia de Minas Buenaventura SAA | ||||||||
5.500%, 07/23/26 |
764,000 | 669,583 | ||||||
Corp. Nacional del Cobre de Chile | ||||||||
3.000%, 09/30/29 |
1,810,000 | 1,533,479 | ||||||
3.150%, 01/14/30 (d) |
369,000 | 311,438 | ||||||
3.750%, 01/15/31 |
950,000 | 815,729 | ||||||
5.125%, 02/02/33 (144A) |
330,000 | 303,662 | ||||||
5.125%, 02/02/33 |
1,835,000 | 1,688,546 | ||||||
Mining(Continued) | ||||||||
Indonesia Asahan Aluminium PT/Mineral Industri Indonesia Persero PT |
||||||||
5.450%, 05/15/30 |
740,000 | 690,975 | ||||||
Stillwater Mining Co. | ||||||||
4.000%, 11/16/26 |
265,000 | 229,376 | ||||||
Volcan Cia Minera SAA | ||||||||
4.375%, 02/11/26 (144A) |
184,000 | 105,025 | ||||||
4.375%, 02/11/26 |
362,000 | 206,624 | ||||||
|
|
|||||||
7,142,782 | ||||||||
|
|
|||||||
Multi-National1.1% | ||||||||
European Investment Bank | ||||||||
0.750%, 07/15/27 (AUD) |
990,000 | 551,992 | ||||||
1.800%, 01/19/27 (AUD) |
1,300,000 | 765,094 | ||||||
Inter-American Development Bank | ||||||||
2.700%, 01/29/26 (AUD) |
1,005,000 | 619,338 | ||||||
4.250%, 06/11/26 (AUD) |
783,000 | 499,235 | ||||||
International Bank for Reconstruction & Development | ||||||||
Zero Coupon, 01/15/27 (EUR) |
1,237,000 | 1,171,931 | ||||||
0.010%, 04/24/28 (EUR) |
1,277,000 | 1,161,285 | ||||||
3.000%, 10/19/26 (AUD) |
445,000 | 273,579 | ||||||
International Finance Corp. | ||||||||
4.450%, 05/14/27 (AUD) |
1,159,000 | 741,193 | ||||||
|
|
|||||||
5,783,647 | ||||||||
|
|
|||||||
Oil & Gas6.4% | ||||||||
BP Capital Markets PLC | ||||||||
3.250%, 5Y EUR Swap + 3.520%, 03/22/26 (EUR) (b) |
234,000 | 230,942 | ||||||
3.625%, 5Y EUR Swap + 3.780%, 03/22/29 (EUR) (b) |
541,000 | 497,393 | ||||||
Canacol Energy Ltd. | ||||||||
5.750%, 11/24/28 |
450,000 | 356,882 | ||||||
Ecopetrol SA | ||||||||
4.625%, 11/02/31 |
54,000 | 41,228 | ||||||
6.875%, 04/29/30 (d) |
258,000 | 235,569 | ||||||
8.625%, 01/19/29 |
2,145,000 | 2,152,587 | ||||||
8.875%, 01/13/33 |
230,000 | 224,662 | ||||||
Eni SpA | ||||||||
3.375%, 5Y EUR Swap + 3.641%, 07/13/29 (EUR) (b) |
835,000 | 741,555 | ||||||
Geopark Ltd. | ||||||||
5.500%, 01/17/27 |
430,000 | 368,630 | ||||||
Gran Tierra Energy, Inc. | ||||||||
7.750%, 05/23/27 (144A) |
355,000 | 304,411 | ||||||
7.750%, 05/23/27 |
252,000 | 216,089 | ||||||
Hunt Oil Co. of Peru LLC Sucursal Del Peru | ||||||||
8.550%, 09/18/33 (144A) (d) |
200,000 | 202,000 | ||||||
KazMunayGas National Co. JSC | ||||||||
4.750%, 04/19/27 |
870,000 | 813,862 | ||||||
5.375%, 04/24/30 |
2,005,000 | 1,820,203 | ||||||
Leviathan Bond Ltd. | ||||||||
6.125%, 06/30/25 (144A) |
324,995 | 315,830 | ||||||
6.750%, 06/30/30 (144A) |
246,793 | 226,823 | ||||||
Medco Oak Tree Pte. Ltd. | ||||||||
7.375%, 05/14/26 |
580,000 | 575,650 | ||||||
NAK Naftogaz Ukraine via Kondor Finance PLC | ||||||||
7.625%, 11/08/28 (144A) |
505,000 | 235,633 | ||||||
7.650%, 07/19/25 |
1,216,950 | 815,357 |
BHFTI-34
Table of Contents
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Oil & Gas(Continued) | ||||||||
Oil & Gas Holding Co. BSCC | ||||||||
7.500%, 10/25/27 |
1,986,000 | $ | 2,015,790 | |||||
Ovintiv, Inc. | ||||||||
6.250%, 07/15/33 |
161,000 | 155,673 | ||||||
Pertamina Persero PT | ||||||||
2.300%, 02/09/31 |
3,451,000 | 2,673,016 | ||||||
Petroleos Mexicanos | ||||||||
6.500%, 03/13/27 |
4,958,000 | 4,371,613 | ||||||
6.700%, 02/16/32 |
2,243,000 | 1,664,687 | ||||||
6.750%, 09/21/47 |
439,000 | 260,123 | ||||||
6.875%, 08/04/26 |
1,549,000 | 1,428,025 | ||||||
7.690%, 01/23/50 |
211,000 | 135,541 | ||||||
QatarEnergy | ||||||||
3.125%, 07/12/41 |
1,612,000 | 1,112,383 | ||||||
3.300%, 07/12/51 (144A) |
977,000 | 633,213 | ||||||
3.300%, 07/12/51 |
2,605,000 | 1,688,353 | ||||||
Saudi Arabian Oil Co. | ||||||||
1.625%, 11/24/25 |
1,215,000 | 1,108,697 | ||||||
2.250%, 11/24/30 |
3,180,000 | 2,547,326 | ||||||
SierraCol Energy Andina LLC | ||||||||
6.000%, 06/15/28 |
215,000 | 170,818 | ||||||
6.000%, 06/15/28 (144A) |
400,000 | 317,801 | ||||||
Sinopec Group Overseas Development 2018 Ltd. | ||||||||
2.700%, 05/13/30 |
678,000 | 585,088 | ||||||
State Oil Co. of the Azerbaijan Republic | ||||||||
6.950%, 03/18/30 |
701,000 | 706,387 | ||||||
Tengizchevroil Finance Co. International Ltd. | ||||||||
3.250%, 08/15/30 (144A) |
552,000 | 418,205 | ||||||
3.250%, 08/15/30 |
1,250,000 | 947,023 | ||||||
TotalEnergies SE | ||||||||
1.625%, 5Y EUR Swap + 1.993%, 10/25/27 (EUR) (b) |
412,000 | 363,392 | ||||||
|
|
|||||||
33,678,460 | ||||||||
|
|
|||||||
Packaging & Containers0.2% | ||||||||
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC |
||||||||
3.250%, 09/01/28 (144A) |
579,000 | 482,766 | ||||||
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. | ||||||||
2.125%, 08/15/26 (EUR) |
615,000 | 576,279 | ||||||
|
|
|||||||
1,059,045 | ||||||||
|
|
|||||||
Pharmaceuticals0.0% | ||||||||
Teva Pharmaceutical Finance Netherlands III BV | ||||||||
4.750%, 05/09/27 |
255,000 | 233,971 | ||||||
|
|
|||||||
Pipelines0.3% | ||||||||
Acu Petroleo Luxembourg Sarl | ||||||||
7.500%, 07/13/35 (144A) |
639,034 | 584,258 | ||||||
ONEOK, Inc. | ||||||||
6.050%, 09/01/33 (d) |
125,000 | 122,804 | ||||||
Southern Gas Corridor CJSC | ||||||||
6.875%, 03/24/26 |
454,000 | 451,267 | ||||||
Pipelines(Continued) | ||||||||
TransCanada PipeLines Ltd. | ||||||||
5.330%, 05/12/32 (CAD) |
430,000 | 300,378 | ||||||
|
|
|||||||
1,458,707 | ||||||||
|
|
|||||||
Real Estate0.3% | ||||||||
Annington Funding PLC | ||||||||
3.184%, 07/12/29 (GBP) |
365,000 | 370,100 | ||||||
Aroundtown SA | ||||||||
1.450%, 07/09/28 (EUR) |
200,000 | 152,773 | ||||||
Sinochem Offshore Capital Co. Ltd. | ||||||||
2.375%, 09/23/31 |
345,000 | 262,386 | ||||||
Vivion Investments Sarl | ||||||||
3.000%, 08/08/24 (EUR) |
700,000 | 673,468 | ||||||
Yango Justice International Ltd. | ||||||||
7.500%, 04/15/24 (e) |
320,000 | 160 | ||||||
8.250%, 11/25/23 (e) |
300,000 | 150 | ||||||
|
|
|||||||
1,459,037 | ||||||||
|
|
|||||||
Real Estate Investment Trusts0.5% | ||||||||
Digital Euro Finco LLC | ||||||||
2.500%, 01/16/26 (EUR) |
735,000 | 736,764 | ||||||
Digital Intrepid Holding BV | ||||||||
0.625%, 07/15/31 (EUR) |
625,000 | 471,117 | ||||||
Equinix, Inc. | ||||||||
1.000%, 03/15/33 (EUR) |
733,000 | 571,622 | ||||||
Trust Fibra Uno | ||||||||
4.869%, 01/15/30 |
403,000 | 341,297 | ||||||
Westfield America Management Ltd. | ||||||||
2.625%, 03/30/29 (GBP) |
340,000 | 327,445 | ||||||
|
|
|||||||
2,448,245 | ||||||||
|
|
|||||||
Retail0.1% | ||||||||
Dollarama, Inc. | ||||||||
5.533%, 09/26/28 (CAD) |
353,000 | 259,329 | ||||||
Falabella SA | ||||||||
3.750%, 10/30/27 |
263,000 | 227,463 | ||||||
|
|
|||||||
486,792 | ||||||||
|
|
|||||||
Savings & Loans0.3% | ||||||||
Nationwide Building Society | ||||||||
1.125%, 05/31/28 (EUR) |
1,000,000 | 941,896 | ||||||
2.000%, 5Y EUR Swap + 1.500%, 07/25/29 (EUR) (b) |
750,000 | 767,782 | ||||||
|
|
|||||||
1,709,678 | ||||||||
|
|
|||||||
Software0.1% | ||||||||
Fidelity National Information Services, Inc. | ||||||||
0.625%, 12/03/25 (EUR) |
141,000 | 138,146 | ||||||
1.000%, 12/03/28 (EUR) |
149,000 | 133,812 | ||||||
Fiserv, Inc. | ||||||||
1.625%, 07/01/30 (EUR) |
465,000 | 411,865 | ||||||
|
|
|||||||
683,823 | ||||||||
|
|
BHFTI-35
Table of Contents
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Telecommunications0.9% | ||||||||
Bell Telephone Co. of Canada or Bell Canada | ||||||||
3.000%, 03/17/31 (CAD) |
170,000 | $ | 103,872 | |||||
5.850%, 11/10/32 (CAD) |
1,025,000 | 751,123 | ||||||
C&W Senior Financing DAC | ||||||||
6.875%, 09/15/27 |
270,000 | 237,419 | ||||||
CK Hutchison Group Telecom Finance SA | ||||||||
0.750%, 04/17/26 (EUR) |
1,035,000 | 1,001,739 | ||||||
Corning, Inc. | ||||||||
3.875%, 05/15/26 (EUR) |
635,000 | 665,106 | ||||||
CT Trust | ||||||||
5.125%, 02/03/32 |
290,000 | 226,261 | ||||||
Telefonica Europe BV | ||||||||
4.375%, 6Y EUR Swap + 4.107%, 12/14/24 (EUR) (b) |
300,000 | 310,217 | ||||||
TELUS Corp. | ||||||||
5.250%, 11/15/32 (CAD) |
1,113,000 | 775,876 | ||||||
5.750%, 09/08/33 (CAD) |
417,000 | 299,736 | ||||||
Xiaomi Best Time International Ltd. | ||||||||
3.375%, 04/29/30 |
295,000 | 236,390 | ||||||
|
|
|||||||
4,607,739 | ||||||||
|
|
|||||||
Transportation0.9% | ||||||||
Empresa de Transporte de Pasajeros Metro SA | ||||||||
3.650%, 05/07/30 (144A) |
200,000 | 177,337 | ||||||
4.700%, 05/07/50 |
665,000 | 516,210 | ||||||
5.000%, 01/25/47 |
200,000 | 166,091 | ||||||
FedEx Corp. | ||||||||
0.450%, 05/04/29 (EUR) |
831,000 | 716,453 | ||||||
Lima Metro Line 2 Finance Ltd. | ||||||||
4.350%, 04/05/36 |
910,289 | 791,466 | ||||||
5.875%, 07/05/34 |
654,841 | 630,088 | ||||||
Transnet SOC Ltd. | ||||||||
8.250%, 02/06/28 (144A) (d) |
1,681,000 | 1,609,120 | ||||||
|
|
|||||||
4,606,765 | ||||||||
|
|
|||||||
Water0.2% | ||||||||
Aegea Finance Sarl | ||||||||
9.000%, 01/20/31 (144A) |
226,000 | 227,808 | ||||||
Thames Water Utilities Finance PLC | ||||||||
4.000%, 04/18/27 (EUR) |
299,000 | 294,050 | ||||||
6.750%, 11/16/28 (GBP) |
420,000 | 494,736 | ||||||
|
|
|||||||
1,016,594 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
156,955,740 | |||||||
|
|
|||||||
U.S. Treasury & Government Agencies4.7% |
| |||||||
Agency Sponsored Mortgage-Backed1.4% | ||||||||
Federal Home Loan Mortgage Corp. STACR REMIC Trust | ||||||||
6.065%, SOFR30A + 0.750%, 10/25/33 (144A) (b) |
164,496 | 163,733 | ||||||
6.115%, SOFR30A + 0.800%, 10/25/41 (144A) (b) |
45,045 | 44,962 | ||||||
6.265%, SOFR30A + 0.950%, 12/25/41 (144A) (b) |
1,007,340 | 988,557 | ||||||
6.815%, SOFR30A + 1.500%, 10/25/41 (144A) (b) |
675,847 | 666,135 | ||||||
6.965%, SOFR30A + 1.650%, 01/25/34 (144A) (b) |
186,741 | 186,566 | ||||||
7.415%, SOFR30A + 2.100%, 03/25/43 (144A) (b) |
377,123 | 380,587 | ||||||
Agency Sponsored Mortgage-Backed(Continued) | ||||||||
Federal Home Loan Mortgage Corp. STACR REMIC Trust | ||||||||
7.379%, SOFR30A + 2.064%, 10/25/49 (144A) (b) |
8,069 | 8,079 | ||||||
7.479%, SOFR30A + 2.164%, 07/25/49 (144A) (b) |
54,033 | 54,235 | ||||||
Federal National Mortgage Association Connecticut Avenue Securities |
||||||||
6.065%, SOFR30A + 0.750%, 10/25/41 (144A) (b) |
8,155 | 8,127 | ||||||
6.165%, SOFR30A + 0.850%, 12/25/41 (144A) (b) |
210,290 | 208,590 | ||||||
6.865%, SOFR30A + 1.550%, 10/25/41 (144A) (b) |
66,676 | 66,550 | ||||||
6.965%, SOFR30A + 1.650%, 12/25/41 (144A) (b) |
909,180 | 890,447 | ||||||
7.215%, SOFR30A + 1.900%, 06/25/43 (144A) (b) |
347,586 | 348,773 | ||||||
7.529%, SOFR30A + 2.214%, 03/25/31 (b) |
1,434,868 | 1,445,617 | ||||||
7.529%, SOFR30A + 2.214%, 10/25/39 (144A) (b) |
7,894 | 7,906 | ||||||
7.579%, SOFR30A + 2.264%, 09/25/31 (144A) (b) |
5,805 | 5,805 | ||||||
7.615%, SOFR30A + 2.300%, 05/25/43 (144A) (b) |
447,058 | 452,694 | ||||||
7.829%, SOFR30A + 2.514%, 04/25/31 (144A) (b) |
107,182 | 107,249 | ||||||
7.865%, SOFR30A + 2.550%, 07/25/42 (144A) (b) |
581,054 | 591,719 | ||||||
15.679%, SOFR30A + 10.364%, 01/25/29 (b) |
476,901 | 539,308 | ||||||
|
|
|||||||
7,165,639 | ||||||||
|
|
|||||||
U.S. Treasury3.3% | ||||||||
U.S. Treasury Inflation-Indexed Notes | ||||||||
0.125%, 10/15/26 (c) |
4,309,484 | 4,007,315 | ||||||
U.S. Treasury Notes | ||||||||
2.625%, 05/31/27 |
7,423,400 | 6,900,862 | ||||||
3.375%, 05/15/33 |
109,900 | 99,666 | ||||||
3.500%, 02/15/33 |
716,100 | 657,022 | ||||||
3.875%, 11/30/27 |
742,800 | 720,052 | ||||||
3.875%, 08/15/33 |
3,609,900 | 3,410,791 | ||||||
4.125%, 10/31/27 |
176,700 | 172,938 | ||||||
4.125%, 11/15/32 |
1,310,800 | 1,264,205 | ||||||
|
|
|||||||
17,232,851 | ||||||||
|
|
|||||||
Total U.S. Treasury & Government Agencies |
24,398,490 | |||||||
|
|
|||||||
Mortgage-Backed Securities1.6% | ||||||||
Collateralized Mortgage Obligations1.4% | ||||||||
Bellemeade RE Ltd. | ||||||||
6.315%, SOFR30A + 1.000%, 09/25/31 (144A) (b) |
470,651 | 465,622 | ||||||
7.934%, 1M LIBOR + 2.500%, 10/25/29 (144A) (b) |
109,719 | 109,991 | ||||||
8.284%, 1M LIBOR + 2.850%, 10/25/29 (144A) (b) |
486,000 | 490,268 | ||||||
8.534%, 1M LIBOR + 3.100%, 04/25/29 (144A) (b) |
750,000 | 766,479 | ||||||
Eagle RE Ltd. | ||||||||
7.365%, SOFR30A + 2.050%, 04/25/34 (144A) (b) |
277,454 | 277,533 | ||||||
Home RE Ltd. | ||||||||
8.684%, 1M LIBOR + 3.250%, 05/25/29 (144A) (b) |
1,600,000 | 1,624,820 | ||||||
10.684%, 1M LIBOR + 5.250%, 10/25/30 (144A) (b) |
669,312 | 675,951 | ||||||
Oaktown Re III Ltd. | ||||||||
7.979%, SOFR30A + 2.664%, 07/25/29 (144A) (b) |
1,500,000 | 1,510,737 | ||||||
PMT Credit Risk Transfer Trust | ||||||||
8.779%, SOFR30A + 3.464%, 02/27/23 (144A) (b) |
616,170 | 609,928 | ||||||
9.129%, SOFR30A + 3.814%, 11/27/31 (144A) (b) |
19,962 | 19,862 | ||||||
9.182%, 1M TSFR + 3.864%, 05/30/25 (144A) (b) |
238,991 | 238,700 |
BHFTI-36
Table of Contents
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Mortgage-Backed Securities(Continued)
Security Description | Principal Amount* |
Value | ||||||
Collateralized Mortgage Obligations(Continued) | ||||||||
Triangle Re Ltd. | ||||||||
7.215%, SOFR30A + 1.900%, 02/25/34 (144A) (b) |
221,264 | $ | 221,558 | |||||
|
|
|||||||
7,011,449 | ||||||||
|
|
|||||||
Commercial Mortgage-Backed Securities0.2% | ||||||||
BFLD Trust | ||||||||
7.048%, 1M TSFR + 1.714%, 06/15/38 (144A) (b) |
310,000 | 296,304 | ||||||
JP Morgan Chase Commercial Mortgage Securities Trust | ||||||||
3.910%, 12/15/47 (144A) (b) |
1,500,000 | 883,587 | ||||||
|
|
|||||||
1,179,891 | ||||||||
|
|
|||||||
Total Mortgage-Backed Securities |
8,191,340 | |||||||
|
|
|||||||
Asset-Backed Securities1.5% | ||||||||
Asset-Backed-Automobile0.1% | ||||||||
BOF VII AL Funding Trust I | ||||||||
6.291%, 07/26/32 (144A) |
389,658 | 387,495 | ||||||
Santander Bank Auto Credit-Linked Notes | ||||||||
5.721%, 08/16/32 (144A) |
175,130 | 174,071 | ||||||
|
|
|||||||
561,566 | ||||||||
|
|
|||||||
Asset-Backed-Other1.3% | ||||||||
Amur Equipment Finance Receivables XI LLC | ||||||||
5.300%, 06/21/28 (144A) |
550,827 | 545,591 | ||||||
Amur Equipment Finance Receivables XII LLC | ||||||||
6.090%, 12/20/29 (144A) |
240,000 | 240,129 | ||||||
Balboa Bay Loan Funding Ltd. | ||||||||
6.788%, 3M TSFR + 1.462%, 07/20/34 (144A) (b) |
595,416 | 592,111 | ||||||
BHG Securitization Trust | ||||||||
5.550%, 04/17/36 (144A) |
369,870 | 364,375 | ||||||
Black Diamond CLO Ltd. | ||||||||
7.037%, 3M TSFR + 1.692%, 07/23/32 (144A) (b) |
926,980 | 914,955 | ||||||
CNH Equipment Trust | ||||||||
5.420%, 07/15/26 |
301,378 | 300,532 | ||||||
Dell Equipment Finance Trust | ||||||||
5.650%, 09/22/28 (144A) |
201,000 | 200,543 | ||||||
DLLAA LLC | ||||||||
5.930%, 07/20/26 (144A) |
306,000 | 305,850 | ||||||
Elmwood CLO 15 Ltd. | ||||||||
6.686%, 3M TSFR + 1.340%, 04/22/35 (144A) (b) |
500,000 | 496,353 | ||||||
Flatiron CLO 21 Ltd. |
||||||||
6.692%, 3M LIBOR + 1.110%, 07/19/34 (144A) (b) |
812,322 | 807,040 | ||||||
HPEFS Equipment Trust | ||||||||
5.260%, 08/20/29 (144A) |
252,442 | 251,739 | ||||||
5.430%, 08/20/25 (144A) |
201,000 | 200,320 | ||||||
Kubota Credit Owner Trust | ||||||||
5.400%, 02/17/26 (144A) |
400,000 | 397,870 | ||||||
NMEF Funding LLC | ||||||||
6.570%, 06/17/30 (144A) |
462,000 | 462,147 | ||||||
Pikes Peak CLO 8 | ||||||||
6.758%, 3M TSFR + 1.432%, 07/20/34 (144A) (b) |
968,631 | 959,117 | ||||||
|
|
|||||||
7,038,672 | ||||||||
|
|
|||||||
Asset-Backed-Student Loan0.1% | ||||||||
Nelnet Student Loan Trust | ||||||||
2.530%, 04/20/62 (144A) |
548,158 | 428,020 | ||||||
|
|
|||||||
Total Asset-Backed Securities |
8,028,258 | |||||||
|
|
|||||||
Municipals0.1% | ||||||||
California Earthquake Authority | ||||||||
5.603%, 07/01/27 |
275,000 | 273,226 | ||||||
State Board of Administration Finance Corp. | ||||||||
2.154%, 07/01/30 |
395,000 | 316,356 | ||||||
|
|
|||||||
Total Municipals |
589,582 | |||||||
|
|
|||||||
Short-Term Investment2.0% | ||||||||
Repurchase Agreement2.0% | ||||||||
Fixed Income Clearing Corp. |
10,295,214 | 10,295,214 | ||||||
|
|
|||||||
Total Short-Term Investments |
10,295,214 | |||||||
|
|
|||||||
Securities Lending Reinvestments (g)0.6% |
| |||||||
Repurchase Agreements0.4% | ||||||||
BofA Securities, Inc. |
600,000 | 600,000 | ||||||
Cantor Fitzgerald & Co. |
185,444 | 185,444 | ||||||
Citigroup Global Markets, Inc. |
62,215 | 62,215 |
BHFTI-37
Table of Contents
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (g)(Continued)
Security Description | Shares/ Principal Amount* |
Value | ||||||
Repurchase Agreements(Continued) | ||||||||
Deutsche Bank Securities, Inc. |
227,168 | $ | 227,168 | |||||
HSBC Securities, Inc. |
615,201 | 615,201 | ||||||
Santander U.S. Capital Markets LLC |
210,000 | 210,000 | ||||||
TD Prime Services LLC |
180,000 | 180,000 | ||||||
|
|
|||||||
2,080,028 | ||||||||
|
|
|||||||
Mutual Funds0.2% | ||||||||
Allspring Government Money Market Fund, Select Class |
75,000 | 75,000 | ||||||
BlackRock Liquidity Funds FedFund, Institutional Shares |
75,000 | 75,000 | ||||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class |
75,000 | 75,000 | ||||||
Fidelity Investments Money Market Government Portfolio, Class I |
50,000 | 50,000 | ||||||
Goldman Sachs Financial Square Government Fund, Institutional Shares |
50,000 | 50,000 | ||||||
HSBC U.S. Government Money Market Fund, Class I 5.270% (h) |
50,000 | 50,000 | ||||||
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares |
75,000 | 75,000 | ||||||
RBC U.S. Government Money Market Fund, Institutional Shares |
200,000 | 200,000 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class |
200,000 | 200,000 | ||||||
STIT-Government & Agency Portfolio, Institutional Class |
75,000 | 75,000 | ||||||
Mutual Funds(Continued) | ||||||||
Western Asset Institutional Government Reserves Fund, Institutional Class 5.250% (h) |
50,000 | 50,000 | ||||||
|
|
|||||||
975,000 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
3,055,028 | |||||||
|
|
|||||||
Total Investments98.7% |
515,255,455 | |||||||
Other assets and liabilities (net)1.3% |
6,960,891 | |||||||
|
|
|||||||
Net Assets100.0% | $ | 522,216,346 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2023, the market value of restricted securities was $1,148,721, which is 0.2% of net assets. See details shown in the Restricted Securities table that follows. | |||
(a) | Security is a step-up bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate. | |||
(b) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
(c) | Principal amount of security is adjusted for inflation. | |||
(d) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $12,016,690 and the collateral received consisted of cash in the amount of $3,055,028 and non-cash collateral with a value of $9,370,506. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
(e) | Non-income producing; security is in default and/or issuer is in bankruptcy. | |||
(f) | Payment-in-kind security for which part of the income earned may be paid as additional principal. | |||
(g) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(h) | The rate shown represents the annualized seven-day yield as of September 30, 2023. | |||
(144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $95,007,753, which is 18.2% of net assets. |
Restricted Securities |
Acquisition Date |
Principal Amount |
Cost | Value | ||||||||||||
NAK Naftogaz Ukraine via Kondor Finance PLC, 7.625%, 11/08/28 |
11/04/19 | $ | 505,000 | $ | 505,000 | $ | 235,633 | |||||||||
PMT Credit Risk Transfer Trust, 8.779%, 02/27/23 |
02/11/20 | 616,170 | 616,170 | 609,928 | ||||||||||||
State Agency of Roads of Ukraine, 6.250%, 06/24/30 |
06/17/21 | 1,144,000 | 1,144,000 | 303,160 | ||||||||||||
|
|
|||||||||||||||
$ | 1,148,721 | |||||||||||||||
|
|
BHFTI-38
Table of Contents
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Forward Foreign Currency Exchange Contracts
Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
AUD | 1,057,128 | ANZ |
11/08/23 | USD | 683,568 | $ | (3,076 | ) | ||||||||||||||
AUD | 1,816,741 | BNP |
11/08/23 | USD | 1,168,940 | 529 | ||||||||||||||||
AUD | 85,424 | SSBT |
11/08/23 | USD | 55,300 | (312 | ) | |||||||||||||||
AUD | 93,286 | SSBT |
11/08/23 | USD | 60,620 | (571 | ) | |||||||||||||||
AUD | 102,268 | SSBT |
11/08/23 | USD | 65,620 | 211 | ||||||||||||||||
BRL | 23,478,150 | BOA |
10/03/23 | USD | 4,712,595 | (41,767 | ) | |||||||||||||||
BRL | 23,478,150 | MSCS |
10/03/23 | USD | 4,688,503 | (17,676 | ) | |||||||||||||||
CAD | 560,810 | SSBT |
10/27/23 | USD | 414,861 | (1,832 | ) | |||||||||||||||
CAD | 595,637 | SSBT |
10/27/23 | USD | 441,846 | (3,167 | ) | |||||||||||||||
CNH | 4,016,108 | SSBT |
01/11/24 | USD | 554,963 | (2,322 | ) | |||||||||||||||
EUR | 606,742 | BOA |
10/12/23 | USD | 665,523 | (23,810 | ) | |||||||||||||||
EUR | 552,349 | CBNA |
10/12/23 | USD | 591,688 | (7,503 | ) | |||||||||||||||
EUR | 967,337 | MSCS |
10/12/23 | USD | 1,066,741 | (43,650 | ) | |||||||||||||||
EUR | 48,744 | SSBT |
10/12/23 | USD | 52,277 | (723 | ) | |||||||||||||||
EUR | 60,611 | SSBT |
10/12/23 | USD | 64,263 | (159 | ) | |||||||||||||||
EUR | 71,632 | SSBT |
10/12/23 | USD | 75,834 | (74 | ) | |||||||||||||||
EUR | 82,539 | SSBT |
10/12/23 | USD | 88,237 | (940 | ) | |||||||||||||||
EUR | 86,874 | SSBT |
10/12/23 | USD | 94,585 | (2,705 | ) | |||||||||||||||
EUR | 89,896 | SSBT |
10/12/23 | USD | 98,794 | (3,716 | ) | |||||||||||||||
EUR | 185,823 | SSBT |
10/12/23 | USD | 204,194 | (7,661 | ) | |||||||||||||||
EUR | 287,188 | SSBT |
10/12/23 | USD | 303,547 | 193 | ||||||||||||||||
EUR | 389,297 | SSBT |
10/12/23 | USD | 412,117 | (382 | ) | |||||||||||||||
EUR | 394,874 | SSBT |
10/12/23 | USD | 424,079 | (6,446 | ) | |||||||||||||||
EUR | 476,713 | SSBT |
10/12/23 | USD | 524,467 | (20,278 | ) | |||||||||||||||
EUR | 627,666 | SSBT |
10/12/23 | USD | 686,864 | (23,022 | ) | |||||||||||||||
EUR | 1,145,993 | SSBT |
10/12/23 | USD | 1,205,496 | 6,549 | ||||||||||||||||
EUR | 1,232,684 | SSBT |
10/12/23 | USD | 1,305,597 | (1,866 | ) | |||||||||||||||
EUR | 1,720,377 | UBSA |
10/12/23 | USD | 1,805,919 | 13,614 | ||||||||||||||||
GBP | 859,868 | SCB |
11/17/23 | USD | 1,042,330 | 7,066 | ||||||||||||||||
GBP | 102,903 | SSBT |
11/17/23 | USD | 126,123 | (538 | ) | |||||||||||||||
GBP | 242,048 | SSBT |
11/17/23 | USD | 300,048 | (4,649 | ) | |||||||||||||||
GBP | 347,198 | SSBT |
11/17/23 | USD | 432,852 | (9,127 | ) | |||||||||||||||
GBP | 473,349 | SSBT |
11/17/23 | USD | 577,902 | (220 | ) | |||||||||||||||
JPY | 586,257,660 | HSBCU |
10/19/23 | USD | 3,985,852 | (52,809 | ) | |||||||||||||||
JPY | 573,168,461 | MSCS |
10/19/23 | USD | 3,944,796 | (99,565 | ) | |||||||||||||||
JPY | 57,346,150 | SSBT |
10/19/23 | USD | 386,438 | (1,718 | ) | |||||||||||||||
KRW | 662,801,742 | HSBCU |
10/26/23 | USD | 495,097 | (3,365 | ) | |||||||||||||||
NZD | 850,874 | MSCS |
10/27/23 | USD | 505,532 | 4,442 | ||||||||||||||||
Contracts to Deliver |
||||||||||||||||||||||
AUD | 17,709,722 | BOA |
11/08/23 | USD | 11,476,609 | 76,547 | ||||||||||||||||
AUD | 119,500 | SSBT |
11/08/23 | USD | 77,004 | 80 | ||||||||||||||||
BRL | 23,478,150 | BOA |
10/03/23 | USD | 4,688,503 | 17,676 | ||||||||||||||||
BRL | 23,478,150 | MSCS |
10/03/23 | USD | 4,768,493 | 97,665 | ||||||||||||||||
BRL | 23,478,150 | BOA |
11/03/23 | USD | 4,691,783 | 41,263 | ||||||||||||||||
CAD | 15,525,057 | JPMC |
10/27/23 | USD | 11,471,322 | 37,320 | ||||||||||||||||
CAD | 954,538 | MSCS |
10/27/23 | USD | 706,908 | 3,903 | ||||||||||||||||
CAD | 416,091 | SSBT |
10/27/23 | USD | 304,809 | (1,637 | ) | |||||||||||||||
CAD | 353,000 | SSBT |
10/27/23 | USD | 262,044 | 2,064 | ||||||||||||||||
CNH | 176,411,521 | UBSA |
01/11/24 | USD | 24,303,125 | 27,841 | ||||||||||||||||
EUR | 24,224,474 | JPMC |
10/05/23 | USD | 26,717,778 | 1,104,382 | ||||||||||||||||
EUR | 3,846,915 | CBNA |
10/12/23 | USD | 4,117,173 | 48,536 | ||||||||||||||||
EUR | 3,296,510 | CBNA |
10/12/23 | USD | 3,570,211 | 83,701 | ||||||||||||||||
EUR | 2,058,937 | JPMC |
10/12/23 | USD | 2,272,320 | 94,713 | ||||||||||||||||
EUR | 623,189 | MSCS |
10/12/23 | USD | 677,224 | 18,116 | ||||||||||||||||
EUR | 574,617 | MSCS |
10/12/23 | USD | 633,664 | 25,929 | ||||||||||||||||
EUR | 1,235,505 | SSBT |
10/12/23 | USD | 1,306,331 | (384 | ) |
BHFTI-39
Table of Contents
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Forward Foreign Currency Exchange Contracts(Continued)
Contracts to Deliver |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
EUR | 226,430 | SSBT |
10/12/23 | USD | 248,808 | $ | 9,328 | |||||||||||||||
EUR | 77,300 | SSBT |
10/12/23 | USD | 85,367 | 3,611 | ||||||||||||||||
EUR | 20,060,045 | MSCS |
10/27/23 | USD | 21,866,075 | 636,691 | ||||||||||||||||
EUR | 27,789,286 | BOA |
11/09/23 | USD | 29,885,426 | 460,096 | ||||||||||||||||
EUR | 24,224,474 | UBSA |
11/22/23 | USD | 25,985,521 | 320,422 | ||||||||||||||||
GBP | 17,167,031 | CBNA |
11/17/23 | USD | 21,405,949 | 455,052 | ||||||||||||||||
GBP | 469,511 | HSBCU |
11/17/23 | USD | 582,107 | 9,109 | ||||||||||||||||
IDR | 57,548,199,417 | MSCS |
10/12/23 | USD | 3,823,293 | 99,735 | ||||||||||||||||
JPY | 2,151,676,474 | CBNA |
10/12/23 | USD | 14,984,687 | 565,786 | ||||||||||||||||
JPY | 410,333,315 | JPMC |
10/19/23 | USD | 2,862,030 | 109,216 | ||||||||||||||||
JPY | 2,151,676,474 | CBNA |
10/26/23 | USD | 15,019,873 | 568,716 | ||||||||||||||||
KRW | 29,264,787,098 | HSBCU |
10/26/23 | USD | 22,952,879 | 1,241,330 | ||||||||||||||||
KRW | 3,272,030,872 | MSCS |
10/26/23 | USD | 2,515,631 | 88,111 | ||||||||||||||||
MXN | 31,156,329 | BOA |
11/16/23 | USD | 1,797,100 | 22,503 | ||||||||||||||||
MXN | 29,843,677 | BOA |
11/16/23 | USD | 1,721,386 | 21,555 | ||||||||||||||||
MXN | 15,691,092 | BOA |
11/16/23 | USD | 904,833 | 11,103 | ||||||||||||||||
MXN | 12,673,644 | BOA |
11/16/23 | USD | 730,831 | 8,968 | ||||||||||||||||
MXN | 6,344,627 | SSBT |
11/16/23 | USD | 356,415 | (4,962 | ) | |||||||||||||||
MXN | 5,124,513 | SSBT |
11/16/23 | USD | 287,874 | (4,007 | ) | |||||||||||||||
MXN | 4,593,518 | SSBT |
11/16/23 | USD | 257,657 | (3,980 | ) | |||||||||||||||
MXN | 3,967,593 | SSBT |
11/16/23 | USD | 230,029 | 4,044 | ||||||||||||||||
MXN | 3,710,249 | SSBT |
11/16/23 | USD | 208,692 | (2,636 | ) | |||||||||||||||
MXN | 3,204,687 | SSBT |
11/16/23 | USD | 186,346 | 3,814 | ||||||||||||||||
MXN | 3,060,120 | SSBT |
11/16/23 | USD | 173,055 | (1,243 | ) | |||||||||||||||
MXN | 2,471,680 | SSBT |
11/16/23 | USD | 139,778 | (1,004 | ) | |||||||||||||||
MYR | 11,710,830 | MSCS |
01/11/24 | USD | 2,524,865 | 12,415 | ||||||||||||||||
SEK | 7,694,702 | BBP |
12/07/23 | USD | 698,457 | (7,816 | ) | |||||||||||||||
THB | 60,111,331 | SSBT |
10/11/23 | USD | 1,744,380 | 92,444 | ||||||||||||||||
ZAR | 37,290,597 | BNP |
11/06/23 | USD | 1,949,457 | (14,241 | ) | |||||||||||||||
|
|
|||||||||||||||||||||
Net Unrealized Appreciation |
|
$ | 6,028,830 | |||||||||||||||||||
|
|
Futures Contracts
Futures ContractsLong |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
Australian 10 Year Treasury Bond Futures |
12/15/23 | 90 | AUD | 10,077,550 | $ | (149,245 | ) | |||||||||||||
Canada 5 Year Government Bond Futures |
12/18/23 | 281 | CAD | 30,342,380 | (207,520 | ) | ||||||||||||||
Euro-Bobl Futures |
12/07/23 | 105 | EUR | 12,153,750 | (78,137 | ) | ||||||||||||||
Euro-Bund Futures |
12/07/23 | 20 | EUR | 2,572,800 | (43,800 | ) | ||||||||||||||
U.S. Treasury Long Bond Futures |
12/19/23 | 14 | USD | 1,592,938 | (88,716 | ) | ||||||||||||||
U.S. Treasury Note 10 Year Futures |
12/19/23 | 33 | USD | 3,566,063 | (68,625 | ) | ||||||||||||||
U.S. Treasury Note 2 Year Futures |
12/29/23 | 4 | USD | 810,844 | (1,552 | ) | ||||||||||||||
U.S. Treasury Note 5 Year Futures |
12/29/23 | 112 | USD | 11,800,250 | (129,426 | ) | ||||||||||||||
U.S. Treasury Note Ultra 10 Year Futures |
12/19/23 | 99 | USD | 11,044,688 | (199,361 | ) | ||||||||||||||
U.S. Treasury Ultra Long Bond Futures |
12/19/23 | 31 | USD | 3,679,313 | (182,362 | ) | ||||||||||||||
United Kingdom Long Gilt Bond Futures |
12/27/23 | 17 | GBP | 1,600,720 | (3,128 | ) | ||||||||||||||
Futures ContractsShort |
||||||||||||||||||||
Canada 10 Year Government Bond Futures |
12/18/23 | (9 | ) | CAD | (1,036,170 | ) | 20,322 | |||||||||||||
Euro-OAT Futures |
12/07/23 | (17 | ) | EUR | (2,094,400 | ) | 51,387 | |||||||||||||
|
|
|||||||||||||||||||
Net Unrealized Depreciation |
|
$ | (1,080,163 | ) | ||||||||||||||||
|
|
BHFTI-40
Table of Contents
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Swap Agreements
Centrally Cleared Interest Rate Swaps
Pay/Receive |
Floating Rate Index |
Payment Frequency |
Fixed Rate |
Payment |
Maturity Date |
Notional Amount |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||
Pay |
12M CNRR | Quarterly | 2.418% | Quarterly | 09/28/28 | CNY | 99,010,000 | $ | 8,411 | $ | | $ | 8,411 | |||||||||||||||||||||
Pay |
12M CNRR | Quarterly | 2.420% | Quarterly | 09/28/28 | CNY | 99,010,000 | 9,816 | | 9,816 | ||||||||||||||||||||||||
Pay |
12M SOFR | Annually | 3.209% | Annually | 03/21/33 | USD | 1,380,000 | (113,560 | ) | | (113,560 | ) | ||||||||||||||||||||||
Pay |
3M NZDBB | Quarterly | 2.503% | Semi-Annually | 11/02/24 | NZD | 7,847,000 | (168,772 | ) | | (168,772 | ) | ||||||||||||||||||||||
Pay |
3M NZDBB | Quarterly | 2.580% | Semi-Annually | 11/01/24 | NZD | 2,933,000 | (61,196 | ) | | (61,196 | ) | ||||||||||||||||||||||
Pay |
3M NZDBB | Quarterly | 4.180% | Semi-Annually | 04/26/33 | NZD | 5,800,000 | (260,479 | ) | | (260,479 | ) | ||||||||||||||||||||||
Pay |
6M EURIBOR | Semi-Annually | (0.017)% | Annually | 09/30/50 | EUR | 3,800,000 | (2,270,625 | ) | | (2,270,625 | ) | ||||||||||||||||||||||
Pay |
6M EURIBOR | Semi-Annually | (0.043)% | Annually | 11/10/50 | EUR | 3,820,000 | (2,303,114 | ) | | (2,303,114 | ) | ||||||||||||||||||||||
Receive |
12M CNRR | Quarterly | 2.420% | Quarterly | 09/28/28 | CNY | 99,010,000 | (9,816 | ) | | (9,816 | ) | ||||||||||||||||||||||
Receive |
6M BUBOR | Annually | 8.698% | Semi-Annually | 06/05/28 | HUF | 639,497,000 | (64,026 | ) | | (64,026 | ) | ||||||||||||||||||||||
Receive |
6M BUBOR | Annually | 8.820% | Semi-Annually | 06/02/28 | HUF | 680,183,000 | (76,373 | ) | | (76,373 | ) | ||||||||||||||||||||||
Receive |
6M EURIBOR | Annually | 0.022% | Semi-Annually | 11/10/50 | EUR | 3,820,000 | 2,256,338 | 27,087 | 2,229,251 | ||||||||||||||||||||||||
Receive |
6M EURIBOR | Annually | 0.122% | Semi-Annually | 09/30/50 | EUR | 3,800,000 | 2,171,732 | | 2,171,732 | ||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||
Totals |
|
$ | (881,664 | ) | $ | 27,087 | $ | (908,751 | ) | |||||||||||||||||||||||||
|
|
|
|
|
|
Centrally Cleared Credit Default Swaps on Sovereign Issues and Credit IndicesBuy Protection (a)
Reference Obligation |
Fixed Deal (Pay) Rate |
Payment Frequency |
Maturity Date |
Implied Credit Spread at September 30, 2023(b) |
Notional Amount(c) |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||||
Brazil Government International Bond |
(1.000 | %) | Quarterly | 12/20/28 | 1.774 | % | USD | 730,000 | $ | 27,588 | $ | 27,433 | $ | 155 | ||||||||||||||||||||||
CDX.EM.40.V1 |
(1.000 | %) | Quarterly | 12/20/28 | 2.144 | % | USD | 720,000 | 39,436 | 34,810 | 4,626 | |||||||||||||||||||||||||
CDX.NA.HY.41.V1 |
(5.000 | %) | Quarterly | 12/20/28 | 4.781 | % | USD | 6,280,000 | (51,075 | ) | (60,193 | ) | 9,118 | |||||||||||||||||||||||
China Government International Bond |
(1.000 | %) | Quarterly | 12/20/28 | 0.753 | % | USD | 1,020,000 | (8,317 | ) | (11,225 | ) | 2,908 | |||||||||||||||||||||||
Colombia Government International Bond |
(1.000 | %) | Quarterly | 12/20/28 | 2.218 | % | USD | 790,000 | 46,863 | 45,277 | 1,586 | |||||||||||||||||||||||||
Indonesia Government International Bond |
(1.000 | %) | Quarterly | 12/20/28 | 0.852 | % | USD | 1,180,000 | (3,723 | ) | (6,629 | ) | 2,906 | |||||||||||||||||||||||
Mexico Government International Bond |
(1.000 | %) | Quarterly | 12/20/28 | 1.183 | % | USD | 720,000 | 8,526 | 6,801 | 1,725 | |||||||||||||||||||||||||
Republic of South Africa Government International Bond |
(1.000 | %) | Quarterly | 12/20/28 | 2.567 | % | USD | 1,080,000 | 82,814 | 75,942 | 6,872 | |||||||||||||||||||||||||
Turkey Government International Bond |
(1.000 | %) | Quarterly | 12/20/28 | 3.845 | % | USD | 1,160,000 | 142,653 | 144,294 | (1,641 | ) | ||||||||||||||||||||||||
ITRX.AUS.40.V1 |
(1.000 | %) | Quarterly | 12/20/28 | 0.820 | % | USD | 4,660,000 | (26,156 | ) | (37,399 | ) | 11,243 | |||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
Totals |
|
$ | 258,609 | $ | 219,111 | $ | 39,498 | |||||||||||||||||||||||||||||
|
|
|
|
|
|
Centrally Cleared Credit Default Swaps on Credit IndicesSell Protection (d)
Reference Obligation |
Fixed Deal Receive Rate |
Payment Frequency |
Maturity Date |
Implied Credit Spread atSeptember 30, 2023(b) |
Notional Amount(c) |
Market Value |
Upfront Premiums Paid/ (Received) |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||||
CDX.NA.IG.41.V1 |
1.000 | % | Quarterly | 12/20/28 | 0.685 | % | USD | 4,660,000 | $ | 55,819 | $ | 63,242 | $ | (7,423 | ) | |||||||||||||||||||||
|
|
|
|
|
|
BHFTI-41
Table of Contents
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
OTC Credit Default Swaps on Credit IndicesSell Protection (d)
Reference Obligation |
Fixed Deal Receive Rate |
Payment Frequency |
Maturity Date |
Counterparty | Implied Credit Spread at September 30, 2023(b) |
Notional Amount(c) |
Market Value |
Upfront Premium Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||||||
CMBX.NA.BBB-.6 |
3.000 | % | Monthly | 05/11/63 | CGM | 46.833 | % | USD | 462,847 | $ | (66,824 | ) | $ | (36,784 | ) | $ | (30,040 | ) | ||||||||||||||||||||
CMBX.NA.BBB-.6 |
3.000 | % | Monthly | 05/11/63 | CGM | 46.833 | % | USD | 694,515 | (100,271 | ) | (54,917 | ) | (45,354 | ) | |||||||||||||||||||||||
CMBX.NA.BBB-.6 |
3.000 | % | Monthly | 05/11/63 | CGM | 46.833 | % | USD | 1,387,563 | (200,329 | ) | (112,883 | ) | (87,446 | ) | |||||||||||||||||||||||
CMBX.NA.BBB-.6 |
3.000 | % | Monthly | 05/11/63 | GSI | 46.833 | % | USD | 462,847 | (66,823 | ) | (36,608 | ) | (30,215 | ) | |||||||||||||||||||||||
CMBX.NA.BBB-.6 |
3.000 | % | Monthly | 05/11/63 | JPMC | 46.833 | % | USD | 231,668 | (33,447 | ) | (18,319 | ) | (15,128 | ) | |||||||||||||||||||||||
CMBX.NA.BBB-.6 |
3.000 | % | Monthly | 05/11/63 | CSI | 46.833 | % | USD | 331,339 | (47,837 | ) | (32,102 | ) | (15,735 | ) | |||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||
Totals |
|
$ | (515,531 | ) | $ | (291,613 | ) | $ | (223,918 | ) | ||||||||||||||||||||||||||||
|
|
|
|
|
|
(a) | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | |||
(b) | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or indices as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entitys credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as Defaulted indicates a credit event has occurred for the referenced entity or obligation. | |||
(c) | The maximum potential amount of future undiscounted payments that the Portfolio could be required to make under a credit default swap contract would be the notional amount of the contract. These potential amounts would be partially offset by any recovery values of the referenced debt obligation or net amounts received from the settlement of purchased protection credit default swap contracts entered into by the Portfolio for the same referenced debt obligation. | |||
(d) | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
Glossary of Abbreviations
Counterparties
(ANZ) | Australia & New Zealand Banking Corp. | |||
(BBP) | Barclays Bank PLC | |||
(BNP) | BNP Paribas S.A. | |||
(BOA) | Bank of America N.A. | |||
(CBNA) | Citibank N.A. | |||
(CGM) | Citigroup Global Markets, Inc. | |||
(CSI) | Credit Suisse International | |||
(GSI) | Goldman Sachs International | |||
(HSBCU) | HSBC Bank USA | |||
(JPMC) | JPMorgan Chase Bank N.A. | |||
(MSCS) | Morgan Stanley Capital Services LLC | |||
(SCB) | Standard Chartered Bank | |||
(SSBT) | State Street Bank and Trust | |||
(UBSA) | UBS AG |
Currencies
(AUD) | Australian Dollar | |||
(BRL) | Brazilian Real | |||
(CAD) | Canadian Dollar | |||
(CNH) | Chinese Renminbi | |||
(CNY) | Chinese Yuan | |||
(DOP) | Dominican Peso | |||
(EUR) | Euro | |||
(GBP) | British Pound | |||
(HUF) | Hungarian Forint | |||
(IDR) | Indonesian Rupiah | |||
(JPY) | Japanese Yen | |||
(KRW) | South Korean Won | |||
(MXN) | Mexican Peso | |||
(MYR) | Malaysian Ringgit | |||
(NZD) | New Zealand Dollar | |||
(SEK) | Swedish Krona | |||
(THB) | Thai Baht | |||
(USD) | United States Dollar | |||
(ZAR) | South African Rand |
Index Abbreviations
(BUBOR) | Budapest Interbank Offered Rate | |||
(CDX.EM) | Markit Emerging Market CDS Index | |||
(CDX.NA.HY) | Markit North America High Yield CDS Index | |||
(CDX.NA.IG) | Markit North America Investment Grade CDS Index | |||
(CMBX.NA.BBB-) | Markit North America BBB- Rated CMBS Index | |||
(CNRR) | China 7 Day Reverse Repo Rates | |||
(EURIBOR) | Euro InterBank Offered Rate | |||
(H15) | U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index | |||
(ITRX.AUS) | Markit iTraxx Australia Index | |||
(LIBOR) | London Interbank Offered Rate | |||
(NZDBB) | New Zealand Dollar Bank Bill Index | |||
(SOFR) | Secured Overnight Financing Rate | |||
(SOFR30A) | Secured Overnight Financing Rate 30-Day Average | |||
(TSFR) | Term Secured Overnight Financing Rate | |||
(UKG) | U.K. Government Bond |
Other Abbreviations
(CLO) | Collateralized Loan Obligation | |||
(DAC) | Designated Activity Company | |||
(ICE) | Intercontinental Exchange, Inc. | |||
(REMIC) | Real Estate Mortgage Investment Conduit | |||
(STACR) | Structured Agency Credit Risk |
BHFTI-42
Table of Contents
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Total Foreign Government* |
$ | | $ | 303,741,803 | $ | | $ | 303,741,803 | ||||||||
Total Corporate Bonds & Notes* |
| 156,955,740 | | 156,955,740 | ||||||||||||
Total U.S. Treasury & Government Agencies* |
| 24,398,490 | | 24,398,490 | ||||||||||||
Total Mortgage-Backed Securities* |
| 8,191,340 | | 8,191,340 | ||||||||||||
Total Asset-Backed Securities* |
| 8,028,258 | | 8,028,258 | ||||||||||||
Total Municipals* |
| 589,582 | | 589,582 | ||||||||||||
Total Short-Term Investment* |
| 10,295,214 | | 10,295,214 | ||||||||||||
Securities Lending Reinvestments | ||||||||||||||||
Repurchase Agreements |
| 2,080,028 | | 2,080,028 | ||||||||||||
Mutual Funds |
975,000 | | | 975,000 | ||||||||||||
Total Securities Lending Reinvestments |
975,000 | 2,080,028 | | 3,055,028 | ||||||||||||
Total Investments |
$ | 975,000 | $ | 514,280,455 | $ | | $ | 515,255,455 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (3,055,028 | ) | $ | | $ | (3,055,028 | ) | ||||||
Forward Contracts | ||||||||||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | | $ | 6,456,389 | $ | | $ | 6,456,389 | ||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
| (427,559 | ) | | (427,559 | ) | ||||||||||
Total Forward Contracts |
$ | | $ | 6,028,830 | $ | | $ | 6,028,830 | ||||||||
Futures Contracts | ||||||||||||||||
Futures Contracts (Unrealized Appreciation) |
$ | 71,709 | $ | | $ | | $ | 71,709 | ||||||||
Futures Contracts (Unrealized Depreciation) |
(1,151,872 | ) | | | (1,151,872 | ) | ||||||||||
Total Futures Contracts |
$ | (1,080,163 | ) | $ | | $ | | $ | (1,080,163 | ) | ||||||
Centrally Cleared Swap Contracts | ||||||||||||||||
Centrally Cleared Swap Contracts (Unrealized Appreciation) |
$ | | $ | 4,460,349 | $ | | $ | 4,460,349 | ||||||||
Centrally Cleared Swap Contracts (Unrealized Depreciation) |
| (5,337,025 | ) | | (5,337,025 | ) | ||||||||||
Total Centrally Cleared Swap Contracts |
$ | | $ | (876,676 | ) | $ | | $ | (876,676 | ) | ||||||
OTC Swap Contracts |
| |||||||||||||||
OTC Swap Contracts at Value (Liabilities) |
$ | | $ | (515,531 | ) | $ | | $ | (515,531 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
BHFTI-43
Table of Contents
Brighthouse Funds Trust I
Allspring Mid Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks96.4% of Net Assets
Security Description | Shares | Value | ||||||
Aerospace & Defense2.1% | ||||||||
L3Harris Technologies, Inc. |
41,939 | $ | 7,302,419 | |||||
|
|
|||||||
Automobile Components0.9% | ||||||||
Aptiv PLC (a) |
31,403 | 3,096,022 | ||||||
|
|
|||||||
Banks2.5% | ||||||||
Fifth Third Bancorp (b) |
216,980 | 5,496,104 | ||||||
Regions Financial Corp. |
184,371 | 3,171,181 | ||||||
|
|
|||||||
8,667,285 | ||||||||
|
|
|||||||
Beverages2.7% | ||||||||
Keurig Dr Pepper, Inc. |
291,846 | 9,213,578 | ||||||
|
|
|||||||
Building Products3.2% | ||||||||
Carlisle Cos., Inc. (b) |
42,752 | 11,083,884 | ||||||
|
|
|||||||
Capital Markets0.5% | ||||||||
Jefferies Financial Group, Inc. |
43,799 | 1,604,357 | ||||||
|
|
|||||||
Chemicals1.6% | ||||||||
Ashland, Inc. |
17,474 | 1,427,276 | ||||||
Huntsman Corp. |
166,557 | 4,063,991 | ||||||
|
|
|||||||
5,491,267 | ||||||||
|
|
|||||||
Commercial Services & Supplies3.5% | ||||||||
Republic Services, Inc. |
83,824 | 11,945,758 | ||||||
|
|
|||||||
Construction & Engineering3.0% | ||||||||
API Group Corp. (a) |
136,992 | 3,552,202 | ||||||
MasTec, Inc. (a) (b) |
92,376 | 6,648,301 | ||||||
|
|
|||||||
10,200,503 | ||||||||
|
|
|||||||
Construction Materials2.9% | ||||||||
Vulcan Materials Co. |
50,060 | 10,113,121 | ||||||
|
|
|||||||
Consumer Finance0.5% | ||||||||
Discover Financial Services |
21,262 | 1,841,927 | ||||||
|
|
|||||||
Containers & Packaging1.3% | ||||||||
AptarGroup, Inc. |
26,033 | 3,255,166 | ||||||
Graphic Packaging Holding Co. (b) |
53,857 | 1,199,934 | ||||||
|
|
|||||||
4,455,100 | ||||||||
|
|
|||||||
Distributors3.0% | ||||||||
LKQ Corp. |
210,659 | 10,429,727 | ||||||
|
|
|||||||
Electric Utilities4.2% | ||||||||
American Electric Power Co., Inc. |
97,356 | 7,323,118 | ||||||
FirstEnergy Corp. |
204,654 | 6,995,074 | ||||||
|
|
|||||||
14,318,192 | ||||||||
|
|
|||||||
Energy Equipment & Services1.8% | ||||||||
Baker Hughes Co. |
122,109 | 4,312,890 | ||||||
NOV, Inc. (b) |
96,509 | 2,017,038 | ||||||
|
|
|||||||
6,329,928 | ||||||||
|
|
|||||||
Financial Services1.9% | ||||||||
Euronet Worldwide, Inc. (a) |
81,975 | 6,507,176 | ||||||
|
|
|||||||
Ground Transportation1.0% | ||||||||
Knight-Swift Transportation Holdings, Inc. (b) |
70,595 | 3,540,339 | ||||||
|
|
|||||||
Health Care Equipment & Supplies3.9% | ||||||||
Alcon, Inc. |
96,808 | 7,460,025 | ||||||
Zimmer Biomet Holdings, Inc. |
53,665 | 6,022,286 | ||||||
|
|
|||||||
13,482,311 | ||||||||
|
|
|||||||
Health Care Providers & Services1.0% | ||||||||
Laboratory Corp. of America Holdings (b) |
17,453 | 3,508,926 | ||||||
|
|
|||||||
Hotels, Restaurants & Leisure2.0% | ||||||||
Wendys Co. (b) |
113,357 | 2,313,616 | ||||||
Yum China Holdings, Inc. |
84,764 | 4,723,050 | ||||||
|
|
|||||||
7,036,666 | ||||||||
|
|
|||||||
Household Products4.5% | ||||||||
Church & Dwight Co., Inc. |
78,696 | 7,210,915 | ||||||
Reynolds Consumer Products, Inc. (b) |
316,640 | 8,115,483 | ||||||
|
|
|||||||
15,326,398 | ||||||||
|
|
|||||||
Insurance10.1% | ||||||||
Allstate Corp. |
79,560 | 8,863,780 | ||||||
Arch Capital Group Ltd. (a) |
134,498 | 10,720,835 | ||||||
Axis Capital Holdings Ltd. |
25,383 | 1,430,840 | ||||||
Brown & Brown, Inc. |
127,193 | 8,883,159 | ||||||
Loews Corp. |
79,268 | 5,018,457 | ||||||
|
|
|||||||
34,917,071 | ||||||||
|
|
|||||||
Interactive Media & Services0.7% | ||||||||
Match Group, Inc. (a) |
57,427 | 2,249,703 | ||||||
|
|
|||||||
IT Services2.9% | ||||||||
Amdocs Ltd. |
116,425 | 9,836,748 | ||||||
|
|
|||||||
Life Sciences Tools & Services1.6% | ||||||||
Charles River Laboratories International, Inc. (a) (b) |
28,581 | 5,601,304 | ||||||
|
|
|||||||
Machinery1.9% | ||||||||
Donaldson Co., Inc. (b) |
63,218 | 3,770,321 | ||||||
Gates Industrial Corp. PLC (a) |
235,644 | 2,735,827 | ||||||
|
|
|||||||
6,506,148 | ||||||||
|
|
|||||||
Metals & Mining1.6% | ||||||||
Freeport-McMoRan, Inc. |
149,927 | 5,590,778 | ||||||
|
|
|||||||
Mortgage Real Estate Investment Trusts2.2% | ||||||||
Annaly Capital Management, Inc. (b) |
403,033 | 7,581,051 | ||||||
|
|
|||||||
Office REITs1.8% | ||||||||
Boston Properties, Inc. (b) |
101,714 | 6,049,949 | ||||||
|
|
BHFTI-44
Table of Contents
Brighthouse Funds Trust I
Allspring Mid Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares |
Value | ||||||
Oil, Gas & Consumable Fuels4.7% | ||||||||
Devon Energy Corp. |
73,222 | $ | 3,492,689 | |||||
EOG Resources, Inc. |
49,452 | 6,268,536 | ||||||
Targa Resources Corp. |
14,342 | 1,229,396 | ||||||
Valero Energy Corp. |
35,805 | 5,073,927 | ||||||
|
|
|||||||
16,064,548 | ||||||||
|
|
|||||||
Professional Services4.2% | ||||||||
Dun & Bradstreet Holdings, Inc. (b) |
264,343 | 2,640,787 | ||||||
Jacobs Solutions, Inc. |
86,338 | 11,785,137 | ||||||
|
|
|||||||
14,425,924 | ||||||||
|
|
|||||||
Real Estate Management & Development2.8% | ||||||||
CBRE Group, Inc. - Class A (a) |
131,328 | 9,699,886 | ||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment2.2% | ||||||||
ON Semiconductor Corp. (a) |
26,639 | 2,476,095 | ||||||
Teradyne, Inc. (b) |
50,723 | 5,095,633 | ||||||
|
|
|||||||
7,571,728 | ||||||||
|
|
|||||||
Software1.0% | ||||||||
Synopsys, Inc. (a) |
7,820 | 3,589,145 | ||||||
|
|
|||||||
Specialized REITs3.8% | ||||||||
CubeSmart (b) |
94,400 | 3,599,472 | ||||||
Gaming & Leisure Properties, Inc. (b) |
124,041 | 5,650,067 | ||||||
Weyerhaeuser Co. |
130,536 | 4,002,234 | ||||||
|
|
|||||||
13,251,773 | ||||||||
|
|
|||||||
Specialty Retail0.9% | ||||||||
Foot Locker, Inc. (b) |
66,073 | 1,146,366 | ||||||
RH (a) (b) |
7,285 | 1,925,863 | ||||||
|
|
|||||||
3,072,229 | ||||||||
|
|
|||||||
Trading Companies & Distributors4.3% | ||||||||
AerCap Holdings NV (a) |
191,330 | 11,990,651 | ||||||
Ferguson PLC |
16,629 | 2,734,972 | ||||||
|
|
|||||||
14,725,623 | ||||||||
|
|
|||||||
Water Utilities1.7% | ||||||||
American Water Works Co., Inc. |
46,598 | 5,770,230 | ||||||
|
|
|||||||
Total Common Stocks |
331,998,722 | |||||||
|
|
|||||||
Escrow Shares0.0% |
| |||||||
Special Purpose Acquisition Companies0.0% | ||||||||
Pershing Square Tontine Holdings Ltd. (a) (c) (d) |
277,348 | 0 | ||||||
|
|
|||||||
Warrants0.0% |
| |||||||
Special Purpose Acquisition Companies0.0% | ||||||||
Pershing Square Holdings Ltd. Expires 07/24/27 (a) (c) (d) (Cost $175,712) |
30,257 | 0 | ||||||
|
|
|||||||
Short-Term Investment3.6% |
| |||||||
Security Description | Principal Amount* |
Value | ||||||
Repurchase Agreement3.6% | ||||||||
Fixed Income Clearing Corp. |
12,488,475 | 12,488,475 | ||||||
|
|
|||||||
Total Short-Term Investments |
12,488,475 | |||||||
|
|
|||||||
Securities Lending Reinvestments (e)13.1% |
| |||||||
Certificates of Deposit4.1% | ||||||||
Bank of Montreal |
1,000,000 | 1,000,643 | ||||||
Barclays Bank PLC |
1,000,000 | 1,000,072 | ||||||
BNP Paribas SA |
1,000,000 | 999,952 | ||||||
Canadian Imperial Bank of Commerce (NY) |
1,000,000 | 1,000,098 | ||||||
Credit Industriel et Commercial |
1,000,000 | 999,912 | ||||||
Mitsubishi UFJ Trust & Banking Corp. |
1,000,000 | 996,900 | ||||||
Mizuho Bank Ltd. |
1,000,000 | 1,000,049 | ||||||
Nordea Bank Abp |
1,000,000 | 1,000,152 | ||||||
Oversea-Chinese Banking Corp. Ltd. |
1,000,000 | 1,000,146 | ||||||
Royal Bank of Canada |
1,000,000 | 1,000,770 | ||||||
Sumitomo Mitsui Banking Corp. |
1,000,000 | 1,000,931 | ||||||
Sumitomo Mitsui Trust Bank Ltd. |
1,000,000 | 1,000,053 | ||||||
Toronto-Dominion Bank |
||||||||
5.730%, FEDEFF PRV + 0.400%, 02/13/24 (f) |
1,000,000 | 1,000,580 | ||||||
5.780%, FEDEFF PRV + 0.450%, 10/13/23 (f) |
1,000,000 | 1,000,095 | ||||||
|
|
|||||||
14,000,353 | ||||||||
|
|
|||||||
Commercial Paper0.3% | ||||||||
UBS AG |
1,000,000 | 1,000,000 | ||||||
|
|
|||||||
Repurchase Agreements6.7% | ||||||||
Cantor Fitzgerald & Co. |
2,000,000 | 2,000,000 |
BHFTI-45
Table of Contents
Brighthouse Funds Trust I
Allspring Mid Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (e)(Continued)
Security Description | Shares/ Principal Amount* |
Value | ||||||
Repurchase Agreements(Continued) | ||||||||
Citigroup Global Markets, Inc. |
||||||||
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $800,851; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $816,020. |
800,000 | $ | 800,000 | |||||
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $2,060,331; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $2,125,943. |
2,000,000 | 2,000,000 | ||||||
ING Financial Markets LLC |
8,493,686 | 8,493,686 | ||||||
National Bank of Canada |
||||||||
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $1,901,965; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $1,947,081. |
1,900,000 | 1,900,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $5,005,299; collateralized by various Common Stock with an aggregate market value of $5,579,937. |
5,000,000 | 5,000,000 | ||||||
Royal Bank of Canada Toronto |
1,000,000 | 1,000,000 | ||||||
Societe Generale |
100,000 | 100,000 | ||||||
TD Prime Services LLC |
2,000,000 | 2,000,000 | ||||||
|
|
|||||||
23,293,686 | ||||||||
|
|
|||||||
Time Deposit0.3% | ||||||||
National Bank of Canada |
1,000,000 | 1,000,000 | ||||||
|
|
|||||||
Mutual Funds1.7% | ||||||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class |
2,000,000 | 2,000,000 | ||||||
Fidelity Investments Money Market Government Portfolio, Class I 5.230% (g) |
1,000,000 | 1,000,000 | ||||||
Mutual Funds(Continued) | ||||||||
Goldman Sachs Financial Square Government Fund, Institutional Shares |
2,000,000 | 2,000,000 | ||||||
RBC U.S. Government Money Market Fund, Institutional Shares 5.270% (g) |
1,000,000 | 1,000,000 | ||||||
|
|
|||||||
6,000,000 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
45,294,039 | |||||||
|
|
|||||||
Total Investments113.1% |
389,781,236 | |||||||
Other assets and liabilities (net)(13.1)% |
(45,292,047 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 344,489,189 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
(a) | Non-income producing security. | |||
(b) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $47,975,322 and the collateral received consisted of cash in the amount of $45,279,453 and non-cash collateral with a value of $3,887,769. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third- party custodian, and cannot be sold or repledged by the Portfolio. | |||
(c) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |||
(d) | Security was valued in good faith under procedures subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent less than 0.05% of net assets. | |||
(e) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(f) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
(g) | The rate shown represents the annualized seven-day yield as of September 30, 2023. |
Glossary of Abbreviations
Index Abbreviations
(FEDEFF PRV) | Effective Federal Funds Rate | |||
(OBFR) | U.S. Overnight Bank Funding Rate | |||
(SOFR) | Secured Overnight Financing Rate |
Other Abbreviations
(REIT) | Real Estate Investment Trust |
BHFTI-46
Table of Contents
Brighthouse Funds Trust I
Allspring Mid Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Total Common Stocks* |
$ | 331,998,722 | $ | | $ | | $ | 331,998,722 | ||||||||
Total Escrow Shares* |
| | 0 | 0 | ||||||||||||
Total Warrants* |
| | 0 | 0 | ||||||||||||
Total Short-Term Investment* |
| 12,488,475 | | 12,488,475 | ||||||||||||
Securities Lending Reinvestments |
| |||||||||||||||
Certificates of Deposit |
| 14,000,353 | | 14,000,353 | ||||||||||||
Commercial Paper |
| 1,000,000 | | 1,000,000 | ||||||||||||
Repurchase Agreements |
| 23,293,686 | | 23,293,686 | ||||||||||||
Time Deposit |
| 1,000,000 | | 1,000,000 | ||||||||||||
Mutual Funds |
6,000,000 | | | 6,000,000 | ||||||||||||
Total Securities Lending Reinvestments |
6,000,000 | 39,294,039 | | 45,294,039 | ||||||||||||
Total Investments |
$ | 337,998,722 | $ | 51,782,514 | $ | 0 | $ | 389,781,236 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (45,279,453 | ) | $ | | $ | (45,279,453 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2023 is not presented.
BHFTI-47
Table of Contents
Brighthouse Funds Trust I
American Funds Balanced Allocation Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Mutual Funds100.1% of Net Assets
Security Description | Shares | Value | ||||||
Investment Company Securities100.1% | ||||||||
American Funds AMCAP Fund (Class R-6) |
8,601,334 | $ | 302,594,941 | |||||
American Funds American Mutual Fund (Class R-6) |
5,569,279 | 266,434,298 | ||||||
American Funds Capital World Bond Fund (Class 1) (a) |
12,013,181 | 111,962,847 | ||||||
American Funds Fundamental Investors Fund (Class R-6) |
4,638,846 | 305,050,521 | ||||||
American Funds Growth Fund (Class 1) |
3,708,748 | 322,809,387 | ||||||
American Funds Growth-Income Fund (Class 1) |
6,477,947 | 343,266,432 | ||||||
American Funds High-Income Trust Fund (Class R-6) |
16,988,588 | 153,406,951 | ||||||
American Funds International Fund (Class 1) (a) |
15,740,694 | 253,582,578 | ||||||
American Funds International Growth & Income Fund (Class R-6) (a) |
10,150,439 | 333,746,426 | ||||||
American Funds New World Fund (Class 1) |
3,215,849 | 76,312,104 | ||||||
American Funds SMALLCAP World Fund (Class R-6) |
1,844,358 | 113,096,017 | ||||||
American Funds The Bond Fund of America (Class 1) (a) |
53,159,156 | 490,127,417 | ||||||
Investment Company Securities(Continued) | ||||||||
American Funds U.S. Government Securities Fund (Class R-6) |
35,852,857 | 415,893,146 | ||||||
American Funds Washington Mutual Investors Fund (Class 1) (a) |
23,097,520 | 305,349,217 | ||||||
|
|
|||||||
Total Mutual Funds |
3,793,632,282 | |||||||
|
|
|||||||
Total Investments100.1% |
3,793,632,282 | |||||||
Other assets and liabilities (net)(0.1)% |
(2,159,439 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 3,791,472,843 | ||||||
|
|
(a) | Affiliated Issuer. |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Mutual Funds | ||||||||||||||||
Investment Company Securities |
$ | 3,793,632,282 | $ | | $ | | $ | 3,793,632,282 | ||||||||
Total Investments |
$ | 3,793,632,282 | $ | | $ | | $ | 3,793,632,282 | ||||||||
BHFTI-48
Table of Contents
Brighthouse Funds Trust I
American Funds Growth Allocation Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Mutual Funds100.1% of Net Assets
Security Description | Shares | Value | ||||||
Investment Company Securities100.1% | ||||||||
American Funds AMCAP Fund (Class R-6) |
8,480,985 | $ | 298,361,060 | |||||
American Funds American Mutual Fund (Class R-6) |
4,892,005 | 234,033,503 | ||||||
American Funds Capital World Bond Fund (Class 1) (a) |
4,105,358 | 38,261,941 | ||||||
American Funds Fundamental Investors Fund (Class R-6) |
4,365,266 | 287,059,900 | ||||||
American Funds Growth Fund (Class 1) |
3,137,820 | 273,115,873 | ||||||
American Funds Growth-Income Fund (Class 1) |
4,924,115 | 260,928,856 | ||||||
American Funds High-Income Trust Fund (Class R-6) |
7,257,246 | 65,532,934 | ||||||
American Funds International Fund (Class 1) (a) |
14,260,556 | 229,737,554 | ||||||
American Funds International Growth & Income Fund |
8,685,905 | 285,592,565 | ||||||
American Funds New World Fund (Class 1) |
3,296,156 | 78,217,773 | ||||||
American Funds SMALLCAP World Fund (Class R-6) |
2,107,351 | 129,222,763 | ||||||
American Funds The Bond Fund of America (Class 1) |
12,696,723 | 117,063,783 | ||||||
Investment Company Securities(Continued) | ||||||||
American Funds U.S. Government Securities Fund |
3,374,997 | 39,149,965 | ||||||
American Funds Washington Mutual Investors Fund (Class 1) |
19,736,464 | 260,916,056 | ||||||
|
|
|||||||
Total Mutual Funds |
2,597,194,526 | |||||||
|
|
|||||||
Total Investments100.1% |
2,597,194,526 | |||||||
Other assets and liabilities (net)(0.1)% |
(1,552,959 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 2,595,641,567 | ||||||
|
|
(a) | Affiliated Issuer. |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Mutual Funds | ||||||||||||||||
Investment Company Securities |
$ | 2,597,194,526 | $ | | $ | | $ | 2,597,194,526 | ||||||||
Total Investments |
$ | 2,597,194,526 | $ | | $ | | $ | 2,597,194,526 | ||||||||
BHFTI-49
Table of Contents
Brighthouse Funds Trust I
American Funds Growth Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Mutual Funds100.1% of Net Assets
Security Description | Shares | Value | ||||||
Investment Company Securities 100.1% | ||||||||
American Funds Growth Fund (Class 1) (a) |
17,185,181 | $ | 1,495,798,179 | |||||
|
|
|||||||
Total Investments 100.1% |
1,495,798,179 | |||||||
Other assets and liabilities (net) (0.1)% |
(922,306 | ) | ||||||
|
|
|||||||
Net Assets 100.0% |
$ | 1,494,875,873 | ||||||
|
|
(a) | Affiliated Issuer. |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Mutual Funds | ||||||||||||||||
Investment Company Securities |
$ | 1,495,798,179 | $ | | $ | | $ | 1,495,798,179 | ||||||||
Total Investments |
$ | 1,495,798,179 | $ | | $ | | $ | 1,495,798,179 | ||||||||
BHFTI-50
Table of Contents
Brighthouse Funds Trust I
American Funds Moderate Allocation Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Mutual Funds100.1% of Net Assets
Security Description | Shares | Value | ||||||
Investment Company Securities100.1% | ||||||||
American Funds AMCAP Fund (Class R-6) |
2,721,330 | $ | 95,736,376 | |||||
American Funds American Mutual Fund (Class R-6) |
3,228,025 | 154,428,728 | ||||||
American Funds Capital World Bond Fund (Class 1) (a) |
6,227,011 | 58,035,742 | ||||||
American Funds Fundamental Investors Fund (Class R-6) |
1,468,569 | 96,573,095 | ||||||
American Funds Growth Fund (Class 1) |
1,101,879 | 95,907,540 | ||||||
American Funds Growth-Income Fund (Class 1) |
2,917,372 | 154,591,564 | ||||||
American Funds High-Income Trust Fund (Class R-6) |
10,823,024 | 97,731,906 | ||||||
American Funds International Fund (Class 1) |
6,551,409 | 105,543,202 | ||||||
American Funds International Growth & Income Fund (Class R-6) |
3,819,667 | 125,590,664 | ||||||
American Funds New World Fund (Class 1) |
815,353 | 19,348,333 | ||||||
American Funds SMALLCAP World Fund (Class R-6) |
312,051 | 19,134,973 | ||||||
American Funds The Bond Fund of America (Class 1) (a) |
40,017,327 | 368,959,754 | ||||||
American Funds U.S. Government Securities Fund (Class R-6) |
33,305,579 | 386,344,715 | ||||||
American Funds Washington Mutual Investors Fund (Class 1) |
11,710,079 | 154,807,245 | ||||||
|
|
|||||||
Total Mutual Funds |
1,932,733,837 | |||||||
|
|
|||||||
Total Investments100.1% |
1,932,733,837 | |||||||
Other assets and liabilities (net)(0.1)% |
(1,222,805 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 1,931,511,032 | ||||||
|
|
(a) | Affiliated Issuer. |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Mutual Funds | ||||||||||||||||
Investment Company Securities |
$ | 1,932,733,837 | $ | | $ | | $ | 1,932,733,837 | ||||||||
Total Investments |
$ | 1,932,733,837 | $ | | $ | | $ | 1,932,733,837 | ||||||||
BHFTI-51
Table of Contents
Brighthouse Funds Trust I
BlackRock Global Tactical Strategies Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Mutual Funds89.9% of Net Assets
Security Description | Shares/ Principal Amount* |
Value | ||||||
Investment Company Securities89.9% | ||||||||
Communication Services Select Sector SPDR Fund (a) |
876,989 | $ | 57,504,169 | |||||
Consumer Discretionary Select Sector SPDR Fund (a) |
418,953 | 67,443,054 | ||||||
Consumer Staples Select Sector SPDR Fund (a) |
595,451 | 40,972,983 | ||||||
Energy Select Sector SPDR Fund |
341,490 | 30,867,281 | ||||||
Financial Select Sector SPDR Fund (a) |
2,095,451 | 69,506,110 | ||||||
Health Care Select Sector SPDR Fund (a) |
672,958 | 86,636,613 | ||||||
Industrial Select Sector SPDR Fund (a) |
538,391 | 54,582,080 | ||||||
iShares Core MSCI EAFE ETF (a)(b) |
15,340,767 | 987,178,356 | ||||||
iShares Core S&P 500 ETF (a)(b) |
1,062,010 | 456,058,954 | ||||||
iShares Core U.S. Aggregate Bond ETF (a)(b) |
5,786,131 | 544,127,759 | ||||||
iShares U.S. Real Estate ETF (a)(b) |
1,028,134 | 80,338,391 | ||||||
Materials Select Sector SPDR Fund (a) |
216,812 | 17,030,583 | ||||||
Real Estate Select Sector SPDR Fund (a) |
449,808 | 15,324,958 | ||||||
Technology Select Sector SPDR Fund (a) |
1,072,358 | 175,791,647 | ||||||
Utilities Select Sector SPDR Fund (a) |
277,697 | 16,364,684 | ||||||
Vanguard Total Bond Market ETF (a) |
12,566,979 | 876,923,795 | ||||||
|
|
|||||||
Total Mutual Funds |
3,576,651,417 | |||||||
|
|
|||||||
Short-Term Investments6.6% |
| |||||||
Mutual Funds4.6% | ||||||||
SSGA USD Liquidity Fund, D Shares, 5.480% (c) |
183,644,274 | 183,644,274 | ||||||
|
|
|||||||
Repurchase Agreement2.0% | ||||||||
Fixed Income Clearing Corp. |
77,882,491 | 77,882,491 | ||||||
|
|
|||||||
Total Short-Term Investments |
261,526,765 | |||||||
|
|
|||||||
Securities Lending Reinvestments (d)29.2% |
| |||||||
Certificates of Deposit 3.9% | ||||||||
Bank of America N.A. |
5,000,000 | 5,000,425 | ||||||
5.700%, FEDEFF PRV + 0.370%, 11/17/23 (e) |
8,000,000 | 8,001,080 | ||||||
Barclays Bank PLC |
10,000,000 | 10,000,720 | ||||||
BNP Paribas SA |
10,000,000 | 9,999,520 | ||||||
Canadian Imperial Bank of Commerce (NY) |
10,000,000 | 10,000,980 | ||||||
Credit Industriel et Commercial |
5,000,000 | 4,999,560 | ||||||
Mitsubishi UFJ Trust & Banking Corp. | ||||||||
Zero Coupon, 10/19/23 |
4,000,000 | 3,988,200 | ||||||
Zero Coupon, 10/20/23 |
2,500,000 | 2,492,250 | ||||||
Zero Coupon, 11/09/23 |
4,000,000 | 3,975,520 | ||||||
Zero Coupon, 02/08/24 |
5,000,000 | 4,896,150 | ||||||
Zero Coupon, 03/13/24 |
2,000,000 | 1,947,560 | ||||||
Mizuho Bank Ltd. |
10,000,000 | 10,000,490 | ||||||
Certificates of Deposit (Continued) | ||||||||
MUFG Bank Ltd. (London) | ||||||||
Zero Coupon, 10/18/23 |
2,000,000 | 1,994,400 | ||||||
Zero Coupon, 10/30/23 |
2,000,000 | 1,990,780 | ||||||
Zero Coupon, 11/20/23 |
2,000,000 | 1,984,380 | ||||||
National Westminster Bank PLC | ||||||||
Zero Coupon, 02/20/24 |
2,000,000 | 1,954,640 | ||||||
Zero Coupon, 03/04/24 |
2,000,000 | 1,950,480 | ||||||
Nordea Bank Abp |
9,000,000 | 9,001,368 | ||||||
Oversea-Chinese Banking Corp. Ltd. |
10,000,000 | 10,001,460 | ||||||
Royal Bank of Canada |
8,000,000 | 8,002,016 | ||||||
5.880%, FEDEFF PRV + 0.550%, 09/20/24 (e) |
5,000,000 | 5,003,850 | ||||||
Standard Chartered Bank |
5,000,000 | 5,000,000 | ||||||
Sumitomo Mitsui Trust Bank Ltd. | ||||||||
Zero Coupon, 11/10/23 |
1,500,000 | 1,490,580 | ||||||
Zero Coupon, 12/19/23 |
1,500,000 | 1,481,430 | ||||||
Svenska Handelsbanken AB |
10,000,000 | 10,006,050 | ||||||
Toronto-Dominion Bank |
10,000,000 | 10,000,950 | ||||||
Wells Fargo Bank N.A. |
10,000,000 | 10,003,600 | ||||||
|
|
|||||||
155,168,439 | ||||||||
|
|
|||||||
Commercial Paper1.9% | ||||||||
Bedford Row Funding Corp. |
10,000,000 | 10,000,530 | ||||||
Fairway Finance Co. LLC |
8,000,000 | 8,000,147 | ||||||
National Australia Bank Ltd. |
10,000,000 | 10,002,200 | ||||||
Old Line Funding LLC |
17,000,000 | 16,999,983 | ||||||
Skandinaviska Enskilda Banken AB |
8,000,000 | 8,002,160 | ||||||
5.700%, SOFR + 0.380%, 12/15/23 (e) |
10,000,000 | 10,004,000 | ||||||
UBS AG |
14,000,000 | 14,000,000 | ||||||
|
|
|||||||
77,009,020 | ||||||||
|
|
|||||||
Repurchase Agreements13.2% | ||||||||
Bank of Nova Scotia |
11,000,000 | 11,000,000 | ||||||
Barclays Bank PLC |
10,000,000 | 10,000,000 |
BHFTI-52
Table of Contents
Brighthouse Funds Trust I
BlackRock Global Tactical Strategies Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (d)(Continued)
Security Description | Principal Amount* |
Value | ||||||
Repurchase Agreements(Continued) | ||||||||
Citigroup Global Markets, Inc. | ||||||||
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $34,693,204; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $35,350,324. |
34,656,343 | $ | 34,656,343 | |||||
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $18,098,350; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $18,361,316. |
18,000,000 | 18,000,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $30,904,958; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $31,889,139. |
30,000,000 | 30,000,000 | ||||||
National Bank Financial, Inc. |
25,300,000 | 25,300,000 | ||||||
National Bank of Canada | ||||||||
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $50,185,142; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $51,375,563. |
50,133,281 | 50,133,281 | ||||||
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $152,161,078; collateralized by various Common Stock with an aggregate market value of $169,630,078. |
152,000,000 | 152,000,000 | ||||||
Natwest Markets Securities, Inc. |
114,755,635 | 114,755,635 | ||||||
NBC Global Finance Ltd. |
35,000,000 | 35,000,000 | ||||||
Royal Bank of Canada Toronto |
20,000,000 | 20,000,000 | ||||||
Repurchase Agreements(Continued) | ||||||||
Societe Generale |
916,620 | 916,620 | ||||||
TD Prime Services LLC |
23,500,000 | 23,500,000 | ||||||
|
|
|||||||
525,261,879 | ||||||||
|
|
|||||||
Time Deposits2.9% | ||||||||
Barclays (NY) |
10,000,000 | 10,000,000 | ||||||
First Abu Dhabi Bank USA NV |
50,000,000 | 50,000,000 | ||||||
National Bank of Canada |
54,000,000 | 54,000,000 | ||||||
|
|
|||||||
114,000,000 | ||||||||
|
|
|||||||
Mutual Funds7.3% | ||||||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (c) |
50,000,000 | 50,000,000 | ||||||
Fidelity Investments Money Market Government Portfolio, |
9,120,892 | 9,120,892 | ||||||
Fidelity Investments Money Market Government Portfolio, Institutional Class 5.270% (c) |
10,000,000 | 10,000,000 | ||||||
Goldman Sachs Financial Square Government Fund, |
80,000,000 | 80,000,000 | ||||||
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 5.270% (c) |
55,136,529 | 55,136,529 | ||||||
RBC U.S. Government Money Market Fund, |
19,869,855 | 19,869,855 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (c) |
35,329,273 | 35,329,273 | ||||||
STIT-Government & Agency Portfolio, Institutional |
18,849,652 | 18,849,652 | ||||||
Western Asset Institutional Government Reserves Fund, Institutional Class 5.250% (c) |
10,200,000 | 10,200,000 | ||||||
|
|
|||||||
288,506,201 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
1,159,945,539 | |||||||
|
|
|||||||
Total Investments125.7% |
4,998,123,721 | |||||||
Other assets and liabilities (net)(25.7)% |
(1,022,103,279 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 3,976,020,442 | ||||||
|
|
BHFTI-53
Table of Contents
Brighthouse Funds Trust I
BlackRock Global Tactical Strategies Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
* | Principal amount stated in U.S. dollars unless otherwise noted. | |
(a) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $1,182,691,050 and the collateral received consisted of cash in the amount of $1,159,710,938 and non-cash collateral with a value of $53,919,888. The cash collateral investments are disclosed in the Consolidated Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |
(b) | Affiliated Issuer. | |
(c) | The rate shown represents the annualized seven-day yield as of September 30, 2023. | |
(d) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |
(e) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. |
Forward Foreign Currency Exchange Contracts
Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
AUD | 65,330,237 | GSI |
12/20/23 | USD | 41,828,795 | $ | 288,162 | |||||||||||||||
CAD | 57,864,550 | JPMC |
12/20/23 | USD | 42,442,617 | 212,324 | ||||||||||||||||
EUR | 77,112,495 | JPMC |
12/20/23 | USD | 83,054,013 | (1,227,923 | ) | |||||||||||||||
Contracts to Deliver |
||||||||||||||||||||||
AUD | 6,550,000 | GSI |
12/20/23 | USD | 4,193,749 | (28,891 | ) | |||||||||||||||
EUR | 1,106,875 | DBAG |
12/20/23 | USD | 1,191,978 | 17,444 | ||||||||||||||||
GBP | 4,314,000 | DBAG |
12/20/23 | USD | 5,393,445 | 127,072 | ||||||||||||||||
JPY | 534,016,801 | DBAG |
12/20/23 | USD | 3,676,773 | 57,212 | ||||||||||||||||
|
|
|||||||||||||||||||||
Net Unrealized Depreciation |
|
$ | (554,600 | ) | ||||||||||||||||||
|
|
Futures Contracts
Futures ContractsLong |
Expiration Date |
Number of Contracts |
Notional Value | Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
MSCI EAFE Index Mini Futures |
12/15/23 | 177 | USD | 18,067,275 | $ | (489,117 | ) | |||||||||||||
Russell 2000 Index E-Mini Futures |
12/15/23 | 915 | USD | 82,285,950 | (3,585,195 | ) | ||||||||||||||
Futures ContractsShort |
||||||||||||||||||||
S&P 500 Index E-Mini Futures |
12/15/23 | (101 | ) | USD | (21,843,775 | ) | 428,717 | |||||||||||||
U.S. Treasury Long Bond Futures |
12/19/23 | (731 | ) | USD | (83,174,094 | ) | 4,540,981 | |||||||||||||
U.S. Treasury Ultra Long Bond Futures |
12/19/23 | (319 | ) | USD | (37,861,313 | ) | 2,793,162 | |||||||||||||
|
|
|||||||||||||||||||
Net Unrealized Appreciation |
|
$ | 3,688,548 | |||||||||||||||||
|
|
Swap Agreements
Centrally Cleared Interest Rate Swaps
Pay/Receive |
Floating Rate Index |
Payment Frequency |
Fixed Rate |
Payment |
Maturity Date |
Notional Amount |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||
Pay |
12M SOFR | Annually | 3.225% | Annually | 05/10/33 | USD | 617,211,771 | $ | (50,423,467 | ) | $ | 399,868 | $ | (50,823,335 | ) | |||||||||||||||||||
Pay |
12M SOFR | Annually | 3.375% | Annually | 02/15/33 | USD | 250,000,000 | (17,173,068 | ) | 3,781 | (17,176,849 | ) | ||||||||||||||||||||||
Pay |
12M SOFR | Annually | 3.515% | Annually | 06/21/33 | USD | 441,000,000 | (26,290,237 | ) | 55,764 | (26,346,001 | ) | ||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||
Totals |
|
$ | (93,886,772 | ) | $ | 459,413 | $ | (94,346,185 | ) | |||||||||||||||||||||||||
|
|
|
|
|
|
BHFTI-54
Table of Contents
Brighthouse Funds Trust I
BlackRock Global Tactical Strategies Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
OTC Total Return Swaps
Pay/Receive |
Floating Rate Index |
Payment Frequency |
Maturity Date |
Counterparty | Underlying Reference Instrument |
Notional Amount |
Market Value |
Upfront Premium Paid/(Received) |
Unrealized Appreciation/ (Depreciation)(1) |
|||||||||||||||||||
Pay |
3M SOFR | Quarterly | 11/10/23 | GSI | Russell 1000 Value Index | USD 84,040,268 | $ | (3,981,705 | ) | $ | | $ | (3,981,705 | ) | ||||||||||||||
Pay |
3M UST | Quarterly | 05/31/24 | JPMC | S&P GSCI Commodity Index | USD 155,281,136 | 6,391,125 | | 6,391,125 | |||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||
Totals |
|
$ | 2,409,420 | $ | | $ | 2,409,420 | |||||||||||||||||||||
|
|
|
|
|
|
(1) | There were no upfront premiums paid or (received), therefore Market Value equals Unrealized Appreciation/(Depreciation). |
Glossary of Abbreviations
Counterparties
(DBAG) | Deutsche Bank AG | |||
(GSI) | Goldman Sachs International | |||
(JPMC) | JPMorgan Chase Bank N.A. |
Currencies
(AUD) | Australian Dollar | |
(CAD) | Canadian Dollar | |
(EUR) | Euro | |
(GBP) | British Pound | |
(JPY) | Japanese Yen | |
(USD) | United States Dollar |
Index Abbreviations
(FEDEFF PRV) | Effective Federal Funds Rate | |
(OBFR) | U.S. Overnight Bank Funding Rate | |
(SOFR) | Secured Overnight Financing Rate | |
(UST) | U.S. Treasury Bill Rate |
Other Abbreviations
(ETF) | Exchange-Traded Fund |
BHFTI-55
Table of Contents
Brighthouse Funds Trust I
BlackRock Global Tactical Strategies Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Mutual Funds |
| |||||||||||||||
Investment Company Securities |
$ | 3,576,651,417 | $ | | $ | | $ | 3,576,651,417 | ||||||||
Short-Term Investments |
| |||||||||||||||
Mutual Funds |
183,644,274 | | | 183,644,274 | ||||||||||||
Repurchase Agreement |
| 77,882,491 | | 77,882,491 | ||||||||||||
Total Short-Term Investments |
183,644,274 | 77,882,491 | | 261,526,765 | ||||||||||||
Securities Lending Reinvestments |
| |||||||||||||||
Certificates of Deposit |
| 155,168,439 | | 155,168,439 | ||||||||||||
Commercial Paper |
| 77,009,020 | | 77,009,020 | ||||||||||||
Repurchase Agreements |
| 525,261,879 | | 525,261,879 | ||||||||||||
Time Deposits |
| 114,000,000 | | 114,000,000 | ||||||||||||
Mutual Funds |
288,506,201 | | | 288,506,201 | ||||||||||||
Total Securities Lending Reinvestments |
288,506,201 | 871,439,338 | | 1,159,945,539 | ||||||||||||
Total Investments |
$ | 4,048,801,892 | $ | 949,321,829 | $ | | $ | 4,998,123,721 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (1,159,710,938 | ) | $ | | $ | (1,159,710,938 | ) | ||||||
Forward Contracts |
| |||||||||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | | $ | 702,214 | $ | | $ | 702,214 | ||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
| (1,256,814 | ) | | (1,256,814 | ) | ||||||||||
Total Forward Contracts |
$ | | $ | (554,600 | ) | $ | | $ | (554,600 | ) | ||||||
Futures Contracts |
| |||||||||||||||
Futures Contracts (Unrealized Appreciation) |
$ | 7,762,860 | $ | | $ | | $ | 7,762,860 | ||||||||
Futures Contracts (Unrealized Depreciation) |
(4,074,312 | ) | | | (4,074,312 | ) | ||||||||||
Total Futures Contracts |
$ | 3,688,548 | $ | | $ | | $ | 3,688,548 | ||||||||
Centrally Cleared Swap Contracts |
| |||||||||||||||
Centrally Cleared Swap Contracts (Unrealized Depreciation) |
$ | | $ | (94,346,185 | ) | $ | | $ | (94,346,185 | ) | ||||||
OTC Swap Contracts |
| |||||||||||||||
OTC Swap Contracts at Value (Assets) |
$ | | $ | 6,391,125 | $ | | $ | 6,391,125 | ||||||||
OTC Swap Contracts at Value (Liabilities) |
| (3,981,705 | ) | | (3,981,705 | ) | ||||||||||
Total OTC Swap Contracts |
$ | | $ | 2,409,420 | $ | | $ | 2,409,420 |
BHFTI-56
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes88.9% of Net Assets
Security Description | Principal Amount* |
Value | ||||||
Advertising1.1% | ||||||||
Clear Channel International BV |
1,009,000 | $ | 997,495 | |||||
Clear Channel Outdoor Holdings, Inc. |
2,545,000 | 2,259,941 | ||||||
7.500%, 06/01/29 (144A) (a) |
2,096,000 | 1,602,673 | ||||||
7.750%, 04/15/28 (144A) (a) |
490,000 | 391,222 | ||||||
9.000%, 09/15/28 |
2,366,000 | 2,343,144 | ||||||
CMG Media Corp. |
861,000 | 673,922 | ||||||
Outfront Media Capital LLC/Outfront Media Capital Corp. |
1,048,000 | 831,609 | ||||||
4.625%, 03/15/30 (144A) |
146,000 | 114,772 | ||||||
5.000%, 08/15/27 (144A) (a) |
1,067,000 | 940,114 | ||||||
Stagwell Global LLC |
275,000 | 222,062 | ||||||
Summer BC Holdco B Sarl |
100,000 | 96,870 | ||||||
|
|
|||||||
10,473,824 | ||||||||
|
|
|||||||
Aerospace/Defense3.9% | ||||||||
Bombardier, Inc. |
1,515,000 | 1,374,402 | ||||||
7.125%, 06/15/26 (144A) |
2,413,000 | 2,337,858 | ||||||
7.450%, 05/01/34 (144A) |
374,000 | 423,682 | ||||||
7.500%, 03/15/25 (144A) |
26,000 | 25,893 | ||||||
7.500%, 02/01/29 (144A) |
1,573,000 | 1,492,724 | ||||||
7.875%, 04/15/27 (144A) (a) |
2,287,000 | 2,231,533 | ||||||
Embraer Netherlands Finance BV |
1,071,000 | 1,062,385 | ||||||
F-Brasile SpA/F-Brasile U.S. LLC |
1,600,000 | 1,487,184 | ||||||
Rolls-Royce PLC |
1,430,000 | 1,379,747 | ||||||
Spirit AeroSystems, Inc. |
88,000 | 86,317 | ||||||
9.375%, 11/30/29 (144A) |
1,471,000 | 1,496,941 | ||||||
TransDigm, Inc. |
11,442,000 | 11,242,688 | ||||||
6.750%, 08/15/28 (144A) |
7,543,000 | 7,425,997 | ||||||
6.875%, 12/15/30 (144A) |
536,000 | 525,572 | ||||||
7.500%, 03/15/27 |
377,000 | 377,686 | ||||||
Triumph Group, Inc. |
2,310,000 | 2,284,142 | ||||||
|
|
|||||||
35,254,751 | ||||||||
|
|
|||||||
Agriculture0.1% | ||||||||
Darling Ingredients, Inc. |
1,166,000 | 1,103,890 | ||||||
|
|
|||||||
Airlines0.9% | ||||||||
Air Canada |
968,000 | 878,516 | ||||||
Air France-KLM |
100,000 | 110,070 | ||||||
Airlines(Continued) | ||||||||
Allegiant Travel Co. |
192,000 | 180,720 | ||||||
American Airlines, Inc. |
203,000 | 194,090 | ||||||
11.750%, 07/15/25 (144A) |
121,000 | 130,074 | ||||||
American Airlines, Inc./AAdvantage Loyalty IP Ltd. |
440,339 | 430,063 | ||||||
5.750%, 04/20/29 (144A) |
1,665,182 | 1,548,703 | ||||||
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd. |
279,000 | 251,060 | ||||||
International Consolidated Airlines Group SA |
100,000 | 91,461 | ||||||
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd. |
1,010,155 | 1,000,863 | ||||||
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd. |
277,401 | 277,264 | ||||||
United Airlines Pass-Through Trust |
80,813 | 78,232 | ||||||
United Airlines, Inc. |
1,337,000 | 1,236,445 | ||||||
4.625%, 04/15/29 (144A) |
1,479,000 | 1,271,246 | ||||||
VistaJet Malta Finance PLC/Vista Management Holding, Inc. |
457,000 | 352,966 | ||||||
7.875%, 05/01/27 (144A) (a) |
337,000 | 290,241 | ||||||
|
|
|||||||
8,322,014 | ||||||||
|
|
|||||||
Apparel0.2% | ||||||||
Crocs, Inc. |
724,000 | 560,155 | ||||||
Hanesbrands, Inc. |
335,000 | 307,115 | ||||||
9.000%, 02/15/31 (144A) (a) |
444,000 | 423,197 | ||||||
Kontoor Brands, Inc. |
269,000 | 222,279 | ||||||
Levi Strauss & Co. |
905,000 | 715,686 | ||||||
|
|
|||||||
2,228,432 | ||||||||
|
|
|||||||
Auto Manufacturers1.4% | ||||||||
Ford Motor Co. |
828,000 | 638,109 | ||||||
6.100%, 08/19/32 (a) |
866,000 | 815,696 | ||||||
Ford Motor Credit Co. LLC | ||||||||
2.700%, 08/10/26 |
800,000 | 713,893 | ||||||
3.375%, 11/13/25 |
206,000 | 191,130 | ||||||
3.810%, 01/09/24 |
987,000 | 976,254 | ||||||
4.134%, 08/04/25 |
217,000 | 205,734 | ||||||
4.389%, 01/08/26 |
200,000 | 188,766 | ||||||
4.535%, 03/06/25 (GBP) |
109,000 | 127,677 | ||||||
4.687%, 06/09/25 |
200,000 | 192,179 | ||||||
4.950%, 05/28/27 |
692,000 | 649,548 | ||||||
6.800%, 05/12/28 (a) |
2,435,000 | 2,432,183 | ||||||
6.860%, 06/05/26 (GBP) |
108,000 | 129,834 |
BHFTI-57
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Auto Manufacturers(Continued) | ||||||||
Ford Motor Credit Co. LLC | ||||||||
7.200%, 06/10/30 (a) |
1,682,000 | $ | 1,690,410 | |||||
7.350%, 11/04/27 |
300,000 | 305,900 | ||||||
7.350%, 03/06/30 |
2,027,000 | 2,052,698 | ||||||
General Motors Financial Co., Inc. |
270,000 | 230,744 | ||||||
Jaguar Land Rover Automotive PLC |
100,000 | 92,457 | ||||||
RCI Banque SA |
300,000 | 297,339 | ||||||
Wabash National Corp. |
546,000 | 459,929 | ||||||
|
|
|||||||
12,390,480 | ||||||||
|
|
|||||||
Auto Parts & Equipment1.5% | ||||||||
Adient Global Holdings Ltd. |
14,945 | 15,499 | ||||||
Clarios Global LP |
481,000 | 477,379 | ||||||
Clarios Global LP/Clarios U.S. Finance Co. |
937,000 | 950,907 | ||||||
6.250%, 05/15/26 (144A) |
1,220,000 | 1,193,701 | ||||||
6.750%, 05/15/28 (144A) |
2,609,000 | 2,547,036 | ||||||
8.500%, 05/15/27 (144A) (a) |
7,245,000 | 7,224,217 | ||||||
Dana Financing Luxembourg Sarl |
100,000 | 106,938 | ||||||
Dealer Tire LLC/DT Issuer LLC |
392,000 | 367,500 | ||||||
Forvia SE |
100,000 | 95,153 | ||||||
3.750%, 06/15/28 (EUR) |
100,000 | 94,842 | ||||||
Goodyear Tire & Rubber Co. |
234,000 | 201,549 | ||||||
5.625%, 04/30/33 |
12,000 | 9,821 | ||||||
IHO Verwaltungs GmbH |
101,000 | 96,412 | ||||||
Titan International, Inc. |
150,000 | 140,191 | ||||||
ZF Europe Finance BV |
100,000 | 105,619 | ||||||
ZF Finance GmbH |
100,000 | 92,509 | ||||||
3.750%, 09/21/28 (EUR) |
100,000 | 94,845 | ||||||
5.750%, 08/03/26 (EUR) |
100,000 | 105,428 | ||||||
|
|
|||||||
13,919,546 | ||||||||
|
|
|||||||
Banks1.7% | ||||||||
AIB Group PLC |
200,000 | 201,406 | ||||||
Banco BPM SpA |
200,000 | 187,995 | ||||||
5.000%, 5Y EUR Swap + 5.419%, 09/14/30 (EUR) (b) |
100,000 | 103,222 | ||||||
6.000%, 3M EURIBOR + 2.800%, 06/14/28 (EUR) (b) |
150,000 | 157,971 | ||||||
Banco de Credito Social Cooperativo SA |
100,000 | 104,272 | ||||||
Banks(Continued) | ||||||||
Banco de Sabadell SA |
100,000 | 103,643 | ||||||
Banco Espirito Santo SA |
400,000 | 109,954 | ||||||
4.750%, 01/15/18 (EUR) (d) |
1,000,000 | 274,885 | ||||||
Banco Santander SA |
600,000 | 573,290 | ||||||
Bank of Cyprus PLC |
100,000 | 95,019 | ||||||
Bank of Ireland Group PLC |
200,000 | 207,327 | ||||||
Barclays PLC |
||||||||
8.000%, 5Y H15 + 5.672%, 06/15/24 (b) |
200,000 | 196,646 | ||||||
8.000%, 5Y H15 + 5.431%, 03/15/29 (b) |
495,000 | 444,234 | ||||||
BNP Paribas SA |
200,000 | 200,856 | ||||||
8.500%, 5Y H15 + 4.354%, 08/14/28 (144A) (b) |
1,160,000 | 1,134,854 | ||||||
Citigroup, Inc. |
10,000 | 8,004 | ||||||
6.174%, SOFR + 2.661%, 05/25/34 (b) |
1,130,000 | 1,079,854 | ||||||
7.625%, 5Y H15 + 3.211%, 11/15/28 (b) |
620,000 | 604,873 | ||||||
Commerzbank AG |
200,000 | 190,041 | ||||||
Deutsche Bank AG |
200,000 | 171,274 | ||||||
First-Citizens Bank & Trust Co. |
1,604,000 | 1,390,748 | ||||||
Freedom Mortgage Corp. |
285,000 | 289,803 | ||||||
12.250%, 10/01/30 |
284,000 | 290,290 | ||||||
Goldman Sachs Group, Inc. |
1,490,000 | 1,379,775 | ||||||
Intesa Sanpaolo SpA |
415,000 | 305,791 | ||||||
4.950%, 1Y H15 + 2.750%, 06/01/42 (144A) (b) |
305,000 | 189,123 | ||||||
5.148%, 06/10/30 (GBP) |
100,000 | 102,060 | ||||||
5.710%, 01/15/26 (144A) (a) |
300,000 | 286,441 | ||||||
KBC Group NV |
200,000 | 209,259 | ||||||
Lloyds Banking Group PLC |
640,000 | 573,739 | ||||||
Macquarie Bank Ltd. |
285,000 | 279,617 | ||||||
PNC Financial Services Group, Inc. |
780,000 | 716,824 | ||||||
6.250%, 7Y H15 + 2.808%, 03/15/30 (b) |
761,000 | 652,340 | ||||||
Societe Generale SA |
100,000 | 101,011 | ||||||
UBS Group AG |
589,000 | 582,821 | ||||||
6.301%, 5Y H15 + 2.000%, 09/22/34 (a) (b) |
510,000 | 498,096 | ||||||
Wells Fargo & Co. |
1,211,000 | 1,220,890 | ||||||
|
|
|||||||
15,218,248 | ||||||||
|
|
BHFTI-58
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Biotechnology0.0% | ||||||||
Cidron Aida Finco Sarl |
100,000 | $ | 107,419 | |||||
|
|
|||||||
Building Materials1.5% | ||||||||
Camelot Return Merger Sub, Inc. |
555,000 | 535,381 | ||||||
Emerald Debt Merger Sub LLC |
100,000 | 105,338 | ||||||
6.375%, 12/15/30 (144A) (EUR) |
415,000 | 437,153 | ||||||
6.625%, 12/15/30 (144A) |
7,354,000 | 7,079,509 | ||||||
HT Troplast GmbH |
100,000 | 106,402 | ||||||
JELD-WEN, Inc. |
660,000 | 633,712 | ||||||
Masonite International Corp. |
||||||||
3.500%, 02/15/30 (144A) (a) |
574,000 | 466,390 | ||||||
5.375%, 02/01/28 (144A) |
180,000 | 167,422 | ||||||
New Enterprise Stone & Lime Co., Inc. |
222,000 | 199,194 | ||||||
9.750%, 07/15/28 (144A) |
284,000 | 280,450 | ||||||
PCF GmbH |
100,000 | 82,275 | ||||||
Smyrna Ready Mix Concrete LLC |
1,523,000 | 1,406,431 | ||||||
Standard Industries, Inc. |
222,000 | 206,961 | ||||||
3.375%, 01/15/31 (144A) |
638,000 | 493,162 | ||||||
4.375%, 07/15/30 (144A) |
753,000 | 623,634 | ||||||
4.750%, 01/15/28 (144A) (a) |
166,000 | 149,730 | ||||||
5.000%, 02/15/27 (144A) |
350,000 | 324,433 | ||||||
Summit Materials LLC/Summit Materials Finance Corp. |
54,000 | 49,032 | ||||||
|
|
|||||||
13,346,609 | ||||||||
|
|
|||||||
Chemicals2.2% | ||||||||
Ashland, Inc. |
327,000 | 254,287 | ||||||
Avient Corp. |
289,000 | 283,910 | ||||||
Axalta Coating Systems Dutch Holding B BV |
200,000 | 208,082 | ||||||
Axalta Coating Systems LLC |
750,000 | 624,444 | ||||||
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV |
631,000 | 586,314 | ||||||
Celanese U.S. Holdings LLC |
416,000 | 410,772 | ||||||
6.550%, 11/15/30 |
402,000 | 393,409 | ||||||
6.700%, 11/15/33 (a) |
565,000 | 549,979 | ||||||
Chemours Co. |
244,000 | 196,286 | ||||||
5.750%, 11/15/28 (144A) (a) |
384,000 | 333,273 | ||||||
Element Solutions, Inc. |
4,783,000 | 4,127,666 | ||||||
Chemicals(Continued) | ||||||||
FIS Fabbrica Italiana Sintetici SpA |
167,000 | 162,503 | ||||||
HB Fuller Co. |
257,000 | 226,777 | ||||||
Herens Holdco Sarl |
1,553,000 | 1,205,853 | ||||||
Illuminate Buyer LLC/Illuminate Holdings IV, Inc. |
933,000 | 881,171 | ||||||
INEOS Quattro Finance 2 PLC |
100,000 | 96,059 | ||||||
Ingevity Corp. |
191,000 | 157,483 | ||||||
Kobe U.S. Midco 2, Inc. |
720,000 | 525,600 | ||||||
Kronos International, Inc. |
100,000 | 95,074 | ||||||
LSF11 A5 HoldCo LLC |
367,000 | 305,124 | ||||||
Minerals Technologies, Inc. |
365,000 | 334,778 | ||||||
Nobian Finance BV |
100,000 | 95,347 | ||||||
NOVA Chemicals Corp. |
161,000 | 158,181 | ||||||
Olympus Water U.S. Holding Corp. |
123,000 | 129,709 | ||||||
9.750%, 11/15/28 (144A) |
2,093,000 | 2,088,476 | ||||||
SCIL IV LLC/SCIL USA Holdings LLC |
662,000 | 604,882 | ||||||
9.500%, 07/15/28 (EUR) |
100,000 | 107,669 | ||||||
SK Invictus Intermediate II Sarl |
1,287,000 | 1,031,440 | ||||||
Synthomer PLC |
100,000 | 100,743 | ||||||
WR Grace Holdings LLC |
333,000 | 305,507 | ||||||
5.625%, 08/15/29 (144A) |
2,574,000 | 2,081,722 | ||||||
7.375%, 03/01/31 (144A) |
1,023,000 | 991,782 | ||||||
|
|
|||||||
19,654,302 | ||||||||
|
|
|||||||
Commercial Services5.5% | ||||||||
ADT Security Corp. |
75,000 | 63,413 | ||||||
4.875%, 07/15/32 (144A) |
228,000 | 190,380 | ||||||
Albion Financing 1 Sarl/Aggreko Holdings, Inc. |
481,000 | 454,300 | ||||||
Allied Universal Holdco LLC/Allied Universal Finance Corp. |
4,218,000 | 3,144,466 | ||||||
6.625%, 07/15/26 (144A) |
2,302,000 | 2,181,237 | ||||||
9.750%, 07/15/27 (144A) |
631,000 | 564,375 | ||||||
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl |
4,946,000 | 4,115,959 | ||||||
4.875%, 06/01/28 (GBP) |
100,000 | 96,906 | ||||||
AMN Healthcare, Inc. |
212,000 | 179,895 |
BHFTI-59
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Commercial Services(Continued) | ||||||||
APi Group DE, Inc. |
352,000 | $ | 295,801 | |||||
4.750%, 10/15/29 (144A) |
276,000 | 241,493 | ||||||
APX Group, Inc. |
718,000 | 604,999 | ||||||
6.750%, 02/15/27 (144A) |
230,000 | 220,852 | ||||||
Ashtead Capital, Inc. |
615,000 | 583,855 | ||||||
BCP V Modular Services Finance II PLC |
200,000 | 176,821 | ||||||
6.125%, 11/30/28 (GBP) |
100,000 | 99,438 | ||||||
Block, Inc. |
2,295,000 | 2,064,119 | ||||||
3.500%, 06/01/31 |
3,839,000 | 3,015,769 | ||||||
Boels Topholding BV |
100,000 | 105,196 | ||||||
CoreLogic, Inc. |
2,402,000 | 1,822,590 | ||||||
Garda World Security Corp. |
653,000 | 597,534 | ||||||
7.750%, 02/15/28 (144A) (a) |
1,413,000 | 1,385,309 | ||||||
9.500%, 11/01/27 (144A) |
180,000 | 172,101 | ||||||
Gartner, Inc. |
126,000 | 114,952 | ||||||
Graham Holdings Co. |
80,000 | 77,200 | ||||||
GTCR W-2 Merger Sub LLC |
3,482,000 | 3,486,875 | ||||||
Herc Holdings, Inc. |
1,429,000 | 1,351,340 | ||||||
Hertz Corp. |
346,000 | 306,643 | ||||||
5.000%, 12/01/29 (144A) |
271,000 | 212,172 | ||||||
La Financiere Atalian SASU |
200,000 | 155,204 | ||||||
Legends Hospitality Holding Co. LLC/Legends Hospitality Co.-Issuer, Inc. |
561,000 | 549,780 | ||||||
Loxam SAS |
100,000 | 103,478 | ||||||
Metis Merger Sub LLC |
330,000 | 278,756 | ||||||
Neptune Bidco U.S., Inc. |
774,000 | 700,711 | ||||||
NESCO Holdings II, Inc. |
593,000 | 520,358 | ||||||
Prime Security Services Borrower LLC/Prime Finance, Inc. |
665,000 | 645,162 | ||||||
6.250%, 01/15/28 (144A) (a) |
1,522,000 | 1,409,628 | ||||||
Q-Park Holding I BV |
100,000 | 102,289 | ||||||
Rekeep SpA |
100,000 | 95,613 | ||||||
Sabre Global, Inc. |
1,000,000 | 847,807 | ||||||
Commercial Services(Continued) | ||||||||
Service Corp. International |
1,141,000 | 936,740 | ||||||
5.125%, 06/01/29 |
52,000 | 48,074 | ||||||
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc. |
1,590,000 | 1,499,147 | ||||||
Sothebys |
2,521,000 | 2,320,374 | ||||||
Sothebys/Bidfair Holdings, Inc. |
1,022,000 | 820,155 | ||||||
Techem Verwaltungsgesellschaft 674 mbH |
87,920 | 90,197 | ||||||
Techem Verwaltungsgesellschaft 675 mbH |
100,000 | 101,978 | ||||||
United Rentals North America, Inc. |
5,007,000 | 4,875,071 | ||||||
Verisure Holding AB |
148,000 | 140,435 | ||||||
3.875%, 07/15/26 (EUR) |
100,000 | 99,382 | ||||||
9.250%, 10/15/27 (EUR) |
100,000 | 112,069 | ||||||
Verscend Escrow Corp. |
3,862,000 | 3,862,672 | ||||||
Williams Scotsman International, Inc. |
251,000 | 224,645 | ||||||
6.125%, 06/15/25 (144A) |
645,000 | 638,550 | ||||||
Williams Scotsman, Inc. |
1,004,000 | 998,522 | ||||||
|
|
|||||||
50,102,787 | ||||||||
|
|
|||||||
Computers1.1% | ||||||||
Ahead DB Holdings LLC |
382,000 | 322,668 | ||||||
Banff Merger Sub, Inc. |
100,000 | 103,860 | ||||||
Booz Allen Hamilton, Inc. |
1,023,000 | 902,286 | ||||||
CA Magnum Holdings |
1,661,000 | 1,470,168 | ||||||
Crowdstrike Holdings, Inc. |
104,000 | 87,597 | ||||||
KBR, Inc. |
490,000 | 431,200 | ||||||
McAfee Corp. |
2,775,000 | 2,323,210 | ||||||
NCR Atleos Escrow Corp. |
631,000 | 610,303 | ||||||
NCR Corp. |
569,000 | 509,310 | ||||||
Presidio Holdings, Inc. |
125,000 | 115,558 | ||||||
Science Applications International Corp. |
344,000 | 312,197 | ||||||
Seagate HDD Cayman |
996,000 | 1,022,890 | ||||||
8.500%, 07/15/31 (144A) |
1,263,000 | 1,295,565 |
BHFTI-60
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Computers(Continued) | ||||||||
Tempo Acquisition LLC/Tempo Acquisition Finance Corp. |
322,000 | $ | 314,362 | |||||
|
|
|||||||
9,821,174 | ||||||||
|
|
|||||||
Cosmetics/Personal Care0.1% | ||||||||
Coty, Inc. |
100,000 | 106,217 | ||||||
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC |
45,000 | 40,580 | ||||||
6.625%, 07/15/30 (144A) (a) |
716,000 | 699,059 | ||||||
|
|
|||||||
845,856 | ||||||||
|
|
|||||||
Distribution/Wholesale0.2% | ||||||||
American Builders & Contractors Supply Co., Inc. |
97,000 | 80,832 | ||||||
BCPE Empire Holdings, Inc. |
1,051,000 | 998,166 | ||||||
H&E Equipment Services, Inc. |
98,000 | 83,682 | ||||||
Resideo Funding, Inc. |
159,000 | 130,631 | ||||||
Rexel SA |
100,000 | 104,456 | ||||||
Ritchie Bros Holdings, Inc. |
201,000 | 200,538 | ||||||
|
|
|||||||
1,598,305 | ||||||||
|
|
|||||||
Diversified Financial Services2.6% | ||||||||
AG TTMT Escrow Issuer LLC |
390,000 | 392,391 | ||||||
Aircastle Ltd. |
374,000 | 366,774 | ||||||
Capital One Financial Corp. |
275,000 | 259,522 | ||||||
Castlelake Aviation Finance DAC |
92,000 | 84,029 | ||||||
Enact Holdings, Inc. |
989,000 | 974,075 | ||||||
Encore Capital Group, Inc. |
100,000 | 102,836 | ||||||
GGAM Finance Ltd. |
125,000 | 123,750 | ||||||
8.000%, 06/15/28 (144A) (a) |
125,000 | 124,753 | ||||||
Global Aircraft Leasing Co. Ltd. |
762,226 | 726,020 | ||||||
Home Point Capital, Inc. |
3,897,000 | 3,640,173 | ||||||
Intrum AB |
52,111 | 53,234 | ||||||
Jefferies Finance LLC/JFIN Co.-Issuer Corp. |
880,000 | 740,965 | ||||||
Lehman Brothers Holdings, Inc. | ||||||||
Zero Coupon, 02/05/14 (EUR) (d) |
4,500,000 | 19,982 | ||||||
Diversified Financial Services(Continued) | ||||||||
Lehman Brothers Holdings, Inc. | ||||||||
4.750%, 01/16/14 (EUR) (d) |
2,140,000 | 9,503 | ||||||
5.375%, 10/17/12 (EUR) (d) |
350,000 | 1,554 | ||||||
Macquarie Airfinance Holdings Ltd. |
501,000 | 501,676 | ||||||
8.375%, 05/01/28 (144A) |
283,000 | 286,891 | ||||||
Nationstar Mortgage Holdings, Inc. |
208,000 | 168,881 | ||||||
5.750%, 11/15/31 (144A) (a) |
315,000 | 260,575 | ||||||
6.000%, 01/15/27 (144A) |
594,000 | 561,284 | ||||||
Navient Corp. |
573,000 | 481,326 | ||||||
5.875%, 10/25/24 |
149,000 | 146,649 | ||||||
9.375%, 07/25/30 (a) |
398,000 | 392,527 | ||||||
NFP Corp. |
1,756,000 | 1,545,903 | ||||||
6.875%, 08/15/28 (144A) |
4,895,000 | 4,193,440 | ||||||
7.500%, 10/01/30 (144A) |
283,000 | 271,773 | ||||||
8.500%, 10/01/31 |
527,000 | 527,800 | ||||||
OneMain Finance Corp. |
306,000 | 262,012 | ||||||
4.000%, 09/15/30 |
511,000 | 383,431 | ||||||
5.375%, 11/15/29 (a) |
806,000 | 675,025 | ||||||
6.625%, 01/15/28 |
474,000 | 437,346 | ||||||
6.875%, 03/15/25 |
753,000 | 747,031 | ||||||
7.125%, 03/15/26 (a) |
615,000 | 602,320 | ||||||
9.000%, 01/15/29 (a) |
79,000 | 78,745 | ||||||
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc. |
2,513,000 | 2,213,174 | ||||||
3.875%, 03/01/31 (144A) |
307,000 | 244,793 | ||||||
4.000%, 10/15/33 (144A) (a) |
220,000 | 166,140 | ||||||
SLM Corp. |
481,000 | 417,216 | ||||||
|
|
|||||||
23,185,519 | ||||||||
|
|
|||||||
Electric1.2% | ||||||||
Alexander Funding Trust II |
480,000 | 480,629 | ||||||
Calpine Corp. |
54,000 | 45,217 | ||||||
5.000%, 02/01/31 (144A) (a) |
52,000 | 42,047 | ||||||
5.125%, 03/15/28 (144A) |
1,323,000 | 1,178,050 | ||||||
5.250%, 06/01/26 (144A) |
27,000 | 26,214 | ||||||
Clearway Energy Operating LLC |
63,000 | 49,694 | ||||||
3.750%, 01/15/32 (144A) |
834,000 | 648,335 | ||||||
4.750%, 03/15/28 (144A) |
541,000 | 483,849 | ||||||
Edison International |
480,000 | 410,244 | ||||||
5.375%, 5Y H15 + 4.698%, 03/15/26 (b) |
1,100,000 | 970,439 | ||||||
EDP - Energias de Portugal SA |
100,000 | 93,567 | ||||||
5.943%, 5Y EUR Swap + 3.184%, 04/23/83 (EUR) (b) |
100,000 | 104,668 | ||||||
Electricite de France SA | ||||||||
2.875%, 5Y EUR Swap + 3.373%, 12/15/26 (EUR) (b) |
200,000 | 183,718 |
BHFTI-61
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Electric(Continued) | ||||||||
Electricite de France SA | ||||||||
3.000%, 5Y EUR Swap + 3.198%, 09/03/27 (EUR) (b) |
200,000 | $ | 178,824 | |||||
6.000%, 13Y SONIA + 4.235%, 01/29/26 (GBP) (b) |
100,000 | 112,554 | ||||||
9.125%, 5Y H15 + 5.411%, 03/15/33 (144A) (b) |
250,000 | 260,434 | ||||||
Naturgy Finance BV |
100,000 | 93,302 | ||||||
NextEra Energy Operating Partners LP |
340,000 | 307,841 | ||||||
4.250%, 09/15/24 (144A) |
12,000 | 11,490 | ||||||
NRG Energy, Inc. |
480,000 | 463,764 | ||||||
10.250%, 5Y H15 + 5.920%, 03/15/28 (144A) (b) |
1,182,000 | 1,157,656 | ||||||
Palomino Funding Trust I |
322,000 | 323,146 | ||||||
Pattern Energy Operations LP/Pattern Energy Operations, Inc. |
437,000 | 379,534 | ||||||
Talen Energy Supply LLC |
354,000 | 362,886 | ||||||
TransAlta Corp. |
280,000 | 283,500 | ||||||
Vistra Corp. |
657,000 | 599,513 | ||||||
Vistra Operations Co. LLC |
580,000 | 568,884 | ||||||
7.750%, 10/15/31 (144A) |
895,000 | 881,614 | ||||||
|
|
|||||||
10,701,613 | ||||||||
|
|
|||||||
Electrical Components & Equipment0.2% | ||||||||
WESCO Distribution, Inc. |
400,000 | 400,944 | ||||||
7.250%, 06/15/28 (144A) |
1,417,000 | 1,423,875 | ||||||
|
|
|||||||
1,824,819 | ||||||||
|
|
|||||||
Electronics0.5% | ||||||||
Coherent Corp. |
1,216,000 | 1,054,321 | ||||||
Imola Merger Corp. |
786,000 | 688,851 | ||||||
Sensata Technologies BV |
680,000 | 585,546 | ||||||
5.875%, 09/01/30 (144A) |
439,000 | 408,983 | ||||||
Sensata Technologies, Inc. |
||||||||
3.750%, 02/15/31 (144A) (a) |
108,000 | 87,407 | ||||||
4.375%, 02/15/30 (144A) |
1,574,000 | 1,359,158 | ||||||
|
|
|||||||
4,184,266 | ||||||||
|
|
|||||||
Energy-Alternate Sources0.0% | ||||||||
TerraForm Power Operating LLC |
195,000 | 166,608 | ||||||
|
|
|||||||
Engineering & Construction0.6% | ||||||||
Abertis Infraestructuras Finance BV |
200,000 | 192,748 | ||||||
Arcosa, Inc. |
953,000 | 831,685 | ||||||
Engineering & Construction(Continued) | ||||||||
Azzurra Aeroporti SpA |
194,000 | 200,376 | ||||||
Brand Industrial Services, Inc. |
3,290,000 | 3,295,067 | ||||||
Cellnex Finance Co. SA |
100,000 | 91,557 | ||||||
1.250%, 01/15/29 (EUR) |
200,000 | 176,388 | ||||||
2.000%, 09/15/32 (EUR) |
100,000 | 82,418 | ||||||
Dycom Industries, Inc. |
304,000 | 262,960 | ||||||
Heathrow Finance PLC |
100,000 | 106,759 | ||||||
4.125%, 09/01/29 (GBP) (e) |
100,000 | 98,375 | ||||||
Infrastrutture Wireless Italiane SpA |
105,000 | 97,009 | ||||||
MasTec, Inc. |
88,000 | 79,138 | ||||||
Webuild SpA |
100,000 | 103,599 | ||||||
|
|
|||||||
5,618,079 | ||||||||
|
|
|||||||
Entertainment3.9% | ||||||||
Allwyn Entertainment Financing U.K. PLC |
100,000 | 106,666 | ||||||
7.875%, 04/30/29 (144A) |
400,000 | 404,000 | ||||||
Banijay Entertainment |
100,000 | 104,794 | ||||||
8.125%, 05/01/29 (144A) (a) |
254,000 | 252,098 | ||||||
Boyne USA, Inc. |
908,000 | 794,187 | ||||||
Caesars Entertainment, Inc. |
1,401,000 | 1,186,731 | ||||||
6.250%, 07/01/25 (144A) |
2,325,000 | 2,293,177 | ||||||
7.000%, 02/15/30 (144A) (a) |
3,437,000 | 3,344,413 | ||||||
8.125%, 07/01/27 (144A) |
3,013,000 | 3,027,363 | ||||||
CCM Merger, Inc. |
186,000 | 177,903 | ||||||
CDI Escrow Issuer, Inc. |
2,696,000 | 2,435,616 | ||||||
Cedar Fair LP/Canadas Wonderland Co./Magnum Management Corp./Millennium Op |
1,257,000 | 1,230,836 | ||||||
6.500%, 10/01/28 |
122,000 | 115,339 | ||||||
Churchill Downs, Inc. |
974,000 | 878,588 | ||||||
5.500%, 04/01/27 (144A) |
439,000 | 418,451 | ||||||
6.750%, 05/01/31 (144A) (a) |
1,092,000 | 1,031,940 | ||||||
Cirsa Finance International Sarl |
100,000 | 105,848 | ||||||
CPUK Finance Ltd. |
100,000 | 115,452 | ||||||
Inter Media & Communication SpA |
105,000 | 106,204 | ||||||
Light & Wonder International, Inc. | ||||||||
7.000%, 05/15/28 (144A) |
296,000 | 290,941 |
BHFTI-62
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Entertainment(Continued) | ||||||||
Light & Wonder International, Inc. | ||||||||
7.250%, 11/15/29 (144A) |
290,000 | $ | 284,200 | |||||
7.500%, 09/01/31 |
532,000 | 525,803 | ||||||
Lions Gate Capital Holdings LLC |
960,000 | 632,935 | ||||||
Live Nation Entertainment, Inc. |
429,000 | 378,593 | ||||||
4.750%, 10/15/27 (144A) |
1,139,000 | 1,042,897 | ||||||
4.875%, 11/01/24 (144A) |
76,000 | 74,670 | ||||||
5.625%, 03/15/26 (144A) |
44,000 | 42,246 | ||||||
6.500%, 05/15/27 (144A) |
3,684,000 | 3,632,392 | ||||||
Lottomatica SpA |
125,000 | 133,180 | ||||||
Merlin Entertainments Ltd. |
1,000,000 | 954,875 | ||||||
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp. |
266,000 | 226,464 | ||||||
Motion Bondco DAC |
297,000 | 274,725 | ||||||
Ontario Gaming GTA LP |
446,000 | 446,000 | ||||||
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp. |
307,000 | 236,390 | ||||||
5.875%, 09/01/31 (144A) (a) |
315,000 | 232,313 | ||||||
Raptor Acquisition Corp./Raptor Co.-Issuer LLC |
471,000 | 440,974 | ||||||
Scientific Games Holdings LP/Scientific Games U.S. FinCo, Inc. |
312,000 | 269,100 | ||||||
Six Flags Entertainment Corp. |
1,880,000 | 1,765,094 | ||||||
Six Flags Theme Parks, Inc. |
245,000 | 244,379 | ||||||
Vail Resorts, Inc. |
333,000 | 331,205 | ||||||
Warnermedia Holdings, Inc. |
1,563,000 | 1,161,372 | ||||||
5.391%, 03/15/62 (a) |
904,000 | 667,680 | ||||||
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp. |
2,710,000 | 2,368,883 | ||||||
7.125%, 02/15/31 (144A) |
912,000 | 865,692 | ||||||
|
|
|||||||
35,652,609 | ||||||||
|
|
|||||||
Environmental Control1.2% | ||||||||
Clean Harbors, Inc. |
402,000 | 369,802 | ||||||
6.375%, 02/01/31 (144A) (a) |
284,000 | 276,153 | ||||||
Covanta Holding Corp. |
438,000 | 359,335 | ||||||
5.000%, 09/01/30 |
257,000 | 205,086 | ||||||
GFL Environmental, Inc. | ||||||||
3.500%, 09/01/28 (144A) |
202,000 | 173,904 | ||||||
3.750%, 08/01/25 (144A) |
571,000 | 541,240 | ||||||
4.000%, 08/01/28 (144A) |
1,880,000 | 1,642,682 | ||||||
4.250%, 06/01/25 (144A) |
233,000 | 223,913 | ||||||
Environmental Control(Continued) | ||||||||
GFL Environmental, Inc. | ||||||||
4.375%, 08/15/29 (144A) |
526,000 | 456,889 | ||||||
4.750%, 06/15/29 (144A) (a) |
1,170,000 | 1,040,023 | ||||||
5.125%, 12/15/26 (144A) (a) |
347,000 | 330,548 | ||||||
Madison IAQ LLC |
921,000 | 741,628 | ||||||
Paprec Holding SA |
100,000 | 103,647 | ||||||
Stericycle, Inc. |
174,000 | 150,049 | ||||||
Tervita Corp. |
167,000 | 174,593 | ||||||
Waste Pro USA, Inc. |
4,027,000 | 3,760,317 | ||||||
|
|
|||||||
10,549,809 | ||||||||
|
|
|||||||
Food1.7% | ||||||||
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC |
929,000 | 860,498 | ||||||
3.500%, 03/15/29 (144A) |
862,000 | 734,929 | ||||||
4.625%, 01/15/27 (144A) |
985,000 | 930,055 | ||||||
4.875%, 02/15/30 (144A) (a) |
930,000 | 837,952 | ||||||
6.500%, 02/15/28 (144A) |
401,000 | 396,339 | ||||||
B&G Foods, Inc. |
314,000 | 314,428 | ||||||
Bellis Acquisition Co. PLC |
200,000 | 211,873 | ||||||
4.500%, 02/16/26 (GBP) |
209,000 | 225,974 | ||||||
Chobani LLC/Chobani Finance Corp., Inc. |
2,288,000 | 2,017,970 | ||||||
7.500%, 04/15/25 (144A) |
2,297,000 | 2,275,362 | ||||||
Darling Global Finance BV |
229,000 | 234,251 | ||||||
Lamb Weston Holdings, Inc. |
797,000 | 681,554 | ||||||
4.375%, 01/31/32 (144A) |
885,000 | 741,398 | ||||||
4.875%, 05/15/28 (144A) |
333,000 | 307,141 | ||||||
Performance Food Group, Inc. |
1,056,000 | 912,213 | ||||||
5.500%, 10/15/27 (144A) |
111,000 | 105,166 | ||||||
Picard Groupe SAS |
100,000 | 97,806 | ||||||
Post Holdings, Inc. |
190,000 | 158,136 | ||||||
4.625%, 04/15/30 (144A) (a) |
428,000 | 366,488 | ||||||
5.750%, 03/01/27 (144A) |
2,000 | 1,921 | ||||||
Premier Foods Finance PLC |
100,000 | 110,785 | ||||||
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed |
729,000 | 598,017 | ||||||
U.S. Foods, Inc. | ||||||||
4.625%, 06/01/30 (144A) |
108,000 | 93,831 | ||||||
4.750%, 02/15/29 (144A) |
1,051,000 | 939,350 |
BHFTI-63
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Food(Continued) | ||||||||
U.S. Foods, Inc. | ||||||||
6.875%, 09/15/28 |
542,000 | $ | 540,862 | |||||
7.250%, 01/15/32 (144A) |
653,000 | 652,340 | ||||||
United Natural Foods, Inc. |
203,000 | 154,747 | ||||||
|
|
|||||||
15,501,386 | ||||||||
|
|
|||||||
Food Service0.3% | ||||||||
Aramark International Finance Sarl |
323,000 | 334,867 | ||||||
Aramark Services, Inc. |
565,000 | 555,344 | ||||||
5.000%, 02/01/28 (144A) |
1,714,000 | 1,585,164 | ||||||
Elior Group SA |
100,000 | 83,069 | ||||||
|
|
|||||||
2,558,444 | ||||||||
|
|
|||||||
Forest Products & Paper0.0% | ||||||||
Ahlstrom Holding 3 Oy |
100,000 | 88,624 | ||||||
|
|
|||||||
Gas0.1% | ||||||||
AmeriGas Partners LP/AmeriGas Finance Corp. |
830,000 | 841,412 | ||||||
UGI International LLC |
100,000 | 87,201 | ||||||
|
|
|||||||
928,613 | ||||||||
|
|
|||||||
Hand/Machine Tools0.3% | ||||||||
IMA Industria Macchine Automatiche SpA |
100,000 | 93,461 | ||||||
Regal Rexnord Corp. |
1,530,000 | 1,488,180 | ||||||
6.300%, 02/15/30 (144A) |
505,000 | 487,816 | ||||||
6.400%, 04/15/33 (144A) |
912,000 | 878,445 | ||||||
|
|
|||||||
2,947,902 | ||||||||
|
|
|||||||
Healthcare-Products1.2% | ||||||||
Avantor Funding, Inc. |
266,000 | 268,343 | ||||||
3.875%, 07/15/28 (EUR) |
100,000 | 96,897 | ||||||
3.875%, 11/01/29 (144A) (a) |
850,000 | 726,470 | ||||||
4.625%, 07/15/28 (144A) |
1,196,000 | 1,090,368 | ||||||
Bausch & Lomb Escrow Corp. |
3,393,000 | 3,403,077 | ||||||
Embecta Corp. |
109,000 | 89,107 | ||||||
Garden Spinco Corp. |
536,000 | 559,506 | ||||||
Medline Borrower LP |
1,140,000 | 963,782 | ||||||
5.250%, 10/01/29 (144A) |
3,940,000 | 3,405,327 | ||||||
Teleflex, Inc. | ||||||||
4.250%, 06/01/28 (144A) |
341,000 | 305,042 | ||||||
Healthcare-Products(Continued) | ||||||||
Teleflex, Inc. | ||||||||
4.625%, 11/15/27 |
58,000 | 53,215 | ||||||
|
|
|||||||
10,961,134 | ||||||||
|
|
|||||||
Healthcare-Services2.9% | ||||||||
Acadia Healthcare Co., Inc. |
196,000 | 176,222 | ||||||
5.500%, 07/01/28 (144A) |
246,000 | 228,771 | ||||||
AHP Health Partners, Inc. |
863,000 | 724,920 | ||||||
Catalent Pharma Solutions, Inc. |
107,000 | 94,460 | ||||||
3.125%, 02/15/29 (144A) |
961,000 | 788,207 | ||||||
3.500%, 04/01/30 (144A) (a) |
653,000 | 537,628 | ||||||
5.000%, 07/15/27 (144A) |
293,000 | 268,802 | ||||||
Charles River Laboratories International, Inc. |
100,000 | 84,625 | ||||||
4.250%, 05/01/28 (144A) |
88,000 | 78,916 | ||||||
CHS/Community Health Systems, Inc. |
1,997,000 | 1,413,317 | ||||||
5.250%, 05/15/30 (144A) |
1,919,000 | 1,458,779 | ||||||
5.625%, 03/15/27 (144A) |
669,000 | 573,811 | ||||||
6.000%, 01/15/29 (144A) |
1,374,000 | 1,109,616 | ||||||
Clariane SE |
100,000 | 86,334 | ||||||
Encompass Health Corp. |
54,000 | 49,200 | ||||||
4.625%, 04/01/31 |
582,000 | 493,349 | ||||||
4.750%, 02/01/30 (a) |
886,000 | 783,836 | ||||||
Fortrea Holdings, Inc. |
542,000 | 527,374 | ||||||
HealthEquity, Inc. |
1,545,000 | 1,330,825 | ||||||
IQVIA, Inc. |
240,000 | 236,019 | ||||||
5.000%, 10/15/26 (144A) |
299,000 | 285,859 | ||||||
5.000%, 05/15/27 (144A) |
200,000 | 188,516 | ||||||
6.500%, 05/15/30 (144A) |
384,000 | 375,847 | ||||||
Legacy LifePoint Health LLC |
258,000 | 221,880 | ||||||
LifePoint Health, Inc. |
978,000 | 946,831 | ||||||
11.000%, 10/15/30 |
1,100,000 | 1,100,000 | ||||||
ModivCare, Inc. |
904,000 | 859,306 | ||||||
Molina Healthcare, Inc. |
404,000 | 324,002 | ||||||
4.375%, 06/15/28 (144A) (a) |
527,000 | 472,217 | ||||||
Prime Healthcare Services, Inc. |
133,000 | 122,976 | ||||||
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc. |
244,000 | 236,219 | ||||||
Star Parent, Inc. |
2,473,000 | 2,498,973 |
BHFTI-64
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Healthcare-Services(Continued) | ||||||||
Surgery Center Holdings, Inc. |
835,000 | $ | 828,738 | |||||
10.000%, 04/15/27 (144A) |
474,000 | 479,333 | ||||||
Tenet Healthcare Corp. |
152,000 | 136,823 | ||||||
4.875%, 01/01/26 |
1,708,000 | 1,636,315 | ||||||
5.125%, 11/01/27 |
994,000 | 925,051 | ||||||
6.125%, 10/01/28 |
282,000 | 264,728 | ||||||
6.125%, 06/15/30 |
481,000 | 450,961 | ||||||
6.250%, 02/01/27 |
492,000 | 476,056 | ||||||
6.750%, 05/15/31 (144A) |
2,425,000 | 2,338,841 | ||||||
|
|
|||||||
26,214,483 | ||||||||
|
|
|||||||
Home Builders0.4% | ||||||||
Ashton Woods USA LLC/Ashton Woods Finance Co. |
270,000 | 227,843 | ||||||
4.625%, 04/01/30 (144A) |
397,000 | 324,982 | ||||||
6.625%, 01/15/28 (144A) |
145,000 | 136,796 | ||||||
Brookfield Residential Properties, Inc./Brookfield Residential U.S. LLC |
679,000 | 552,217 | ||||||
5.000%, 06/15/29 (144A) |
548,000 | 451,043 | ||||||
Dream Finders Homes, Inc. |
320,000 | 322,166 | ||||||
Installed Building Products, Inc. |
273,000 | 251,279 | ||||||
K Hovnanian Enterprises, Inc. |
201,000 | 204,879 | ||||||
KB Home |
178,000 | 174,851 | ||||||
Mattamy Group Corp. |
368,000 | 313,197 | ||||||
5.250%, 12/15/27 (144A) |
310,000 | 282,916 | ||||||
Meritage Homes Corp. |
129,000 | 121,588 | ||||||
Taylor Morrison Communities, Inc. |
88,000 | 76,890 | ||||||
5.875%, 06/15/27 (144A) |
52,000 | 49,436 | ||||||
Tri Pointe Homes, Inc. |
174,000 | 162,824 | ||||||
5.700%, 06/15/28 |
120,000 | 110,111 | ||||||
5.875%, 06/15/24 |
107,000 | 106,240 | ||||||
|
|
|||||||
3,869,258 | ||||||||
|
|
|||||||
Home Furnishings0.1% | ||||||||
Tempur Sealy International, Inc. |
306,000 | 236,066 | ||||||
4.000%, 04/15/29 (144A) (a) |
528,000 | 440,669 | ||||||
|
|
|||||||
676,735 | ||||||||
|
|
|||||||
Household Products/Wares0.1% | ||||||||
Central Garden & Pet Co. | ||||||||
4.125%, 10/15/30 |
347,000 | 289,299 | ||||||
Household Products/Wares(Continued) | ||||||||
Central Garden & Pet Co. | ||||||||
4.125%, 04/30/31 (144A) |
454,000 | 370,143 | ||||||
5.125%, 02/01/28 |
130,000 | 121,238 | ||||||
Spectrum Brands, Inc. |
118,000 | 106,920 | ||||||
5.500%, 07/15/30 (144A) |
113,000 | 102,457 | ||||||
|
|
|||||||
990,057 | ||||||||
|
|
|||||||
Housewares0.2% | ||||||||
CD&R Smokey Buyer, Inc. |
877,000 | 845,077 | ||||||
Scotts Miracle-Gro Co. |
400,000 | 305,612 | ||||||
4.375%, 02/01/32 (a) |
72,000 | 54,050 | ||||||
SWF Escrow Issuer Corp. |
915,000 | 585,326 | ||||||
|
|
|||||||
1,790,065 | ||||||||
|
|
|||||||
Insurance2.7% | ||||||||
Acrisure LLC/Acrisure Finance, Inc. |
360,000 | 302,524 | ||||||
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer |
3,085,000 | 2,762,124 | ||||||
5.875%, 11/01/29 (144A) |
2,911,000 | 2,520,980 | ||||||
6.750%, 10/15/27 (144A) (a) |
6,651,000 | 6,185,508 | ||||||
6.750%, 04/15/28 (144A) |
2,015,000 | 1,944,584 | ||||||
AmWINS Group, Inc. |
760,000 | 665,934 | ||||||
GTCR AP Finance, Inc. |
538,000 | 528,832 | ||||||
HUB International Ltd. |
2,202,000 | 2,197,160 | ||||||
7.250%, 06/15/30 (144A) |
4,332,000 | 4,324,072 | ||||||
Jones Deslauriers Insurance Management, Inc. |
1,347,000 | 1,356,889 | ||||||
10.500%, 12/15/30 (144A) |
673,000 | 684,733 | ||||||
Liberty Mutual Group, Inc. |
140,000 | 140,638 | ||||||
MGIC Investment Corp. |
332,000 | 309,164 | ||||||
Ryan Specialty LLC |
457,000 | 397,966 | ||||||
|
|
|||||||
24,321,108 | ||||||||
|
|
|||||||
Internet1.4% | ||||||||
Acuris Finance U.S., Inc./Acuris Finance Sarl |
1,260,000 | 1,036,350 | ||||||
ANGI Group LLC |
576,000 | 450,706 | ||||||
Arches Buyer, Inc. |
241,000 | 205,475 | ||||||
Cablevision Lightpath LLC |
359,000 | 299,765 | ||||||
5.625%, 09/15/28 (144A) |
532,000 | 408,275 |
BHFTI-65
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Internet(Continued) | ||||||||
Engineering - Ingegneria Informatica - SpA |
100,000 | $ | 105,765 | |||||
Go Daddy Operating Co. LLC/GD Finance Co., Inc. |
532,000 | 447,600 | ||||||
5.250%, 12/01/27 (144A) |
172,000 | 162,247 | ||||||
iliad SA |
100,000 | 102,744 | ||||||
5.625%, 02/15/30 (EUR) |
100,000 | 100,703 | ||||||
ION Trading Technologies Sarl |
706,000 | 615,575 | ||||||
Match Group Holdings II LLC |
839,000 | 662,072 | ||||||
4.125%, 08/01/30 (144A) |
41,000 | 33,831 | ||||||
4.625%, 06/01/28 (144A) |
439,000 | 393,570 | ||||||
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc. |
784,000 | 697,760 | ||||||
Uber Technologies, Inc. |
3,601,000 | 3,218,778 | ||||||
6.250%, 01/15/28 (144A) |
1,046,000 | 1,022,847 | ||||||
7.500%, 05/15/25 (144A) |
1,516,000 | 1,525,475 | ||||||
8.000%, 11/01/26 (144A) |
903,000 | 913,615 | ||||||
|
|
|||||||
12,403,153 | ||||||||
|
|
|||||||
Investment Companies0.7% | ||||||||
Ares Capital Corp. |
390,000 | 389,995 | ||||||
Blackstone Private Credit Fund |
196,000 | 170,252 | ||||||
7.050%, 09/29/25 |
205,000 | 205,315 | ||||||
Blue Owl Capital Corp. |
167,000 | 149,726 | ||||||
3.750%, 07/22/25 |
476,000 | 445,981 | ||||||
Blue Owl Credit Income Corp. |
113,000 | 99,328 | ||||||
5.500%, 03/21/25 |
471,000 | 455,600 | ||||||
7.750%, 09/16/27 |
892,000 | 884,827 | ||||||
Compass Group Diversified Holdings LLC |
534,000 | 466,870 | ||||||
GTCR W-2 Merger Sub LLC/GTCR W Dutch Finance Sub BV |
100,000 | 124,603 | ||||||
Icahn Enterprises LP/Icahn Enterprises Finance Corp. |
1,142,000 | 913,211 | ||||||
4.750%, 09/15/24 |
301,000 | 289,913 | ||||||
5.250%, 05/15/27 |
1,781,000 | 1,565,463 | ||||||
6.250%, 05/15/26 |
348,000 | 323,307 | ||||||
|
|
|||||||
6,484,391 | ||||||||
|
|
|||||||
Iron/Steel0.9% | ||||||||
ATI, Inc. |
277,000 | 243,686 | ||||||
5.125%, 10/01/31 |
746,000 | 645,557 | ||||||
5.875%, 12/01/27 |
440,000 | 416,900 | ||||||
7.250%, 08/15/30 |
1,457,000 | 1,446,072 | ||||||
Big River Steel LLC/BRS Finance Corp. |
3,739,000 | 3,694,282 | ||||||
Iron/Steel(Continued) | ||||||||
Carpenter Technology Corp. |
718,000 | 692,486 | ||||||
7.625%, 03/15/30 (a) |
606,000 | 606,757 | ||||||
Mineral Resources Ltd. |
80,000 | 80,800 | ||||||
|
|
|||||||
7,826,540 | ||||||||
|
|
|||||||
Leisure Time3.1% | ||||||||
Acushnet Co. |
240,000 | 241,200 | ||||||
Carnival Corp. |
1,898,000 | 1,645,711 | ||||||
5.750%, 03/01/27 (144A) |
2,485,000 | 2,249,482 | ||||||
6.000%, 05/01/29 (144A) (a) |
1,595,000 | 1,360,508 | ||||||
7.000%, 08/15/29 (144A) |
461,000 | 454,558 | ||||||
7.625%, 03/01/26 (144A) (a) |
435,000 | 423,161 | ||||||
7.625%, 03/01/26 (EUR) |
107,000 | 111,037 | ||||||
9.875%, 08/01/27 (144A) |
630,000 | 657,673 | ||||||
Carnival Holdings Bermuda Ltd. |
7,258,000 | 7,782,528 | ||||||
Life Time, Inc. |
886,000 | 858,520 | ||||||
8.000%, 04/15/26 (144A) |
704,000 | 691,680 | ||||||
Lindblad Expeditions Holdings, Inc. |
650,000 | 648,583 | ||||||
Lindblad Expeditions LLC |
842,000 | 788,322 | ||||||
MajorDrive Holdings IV LLC |
511,000 | 420,539 | ||||||
NCL Corp. Ltd. |
968,000 | 893,699 | ||||||
7.750%, 02/15/29 (144A) (a) |
119,000 | 110,447 | ||||||
8.375%, 02/01/28 (144A) |
348,000 | 353,000 | ||||||
NCL Finance Ltd. |
367,000 | 323,878 | ||||||
Pinnacle Bidco PLC |
100,000 | 121,667 | ||||||
Royal Caribbean Cruises Ltd. |
239,000 | 219,137 | ||||||
5.375%, 07/15/27 (144A) |
451,000 | 417,401 | ||||||
5.500%, 08/31/26 (144A) |
369,000 | 348,299 | ||||||
5.500%, 04/01/28 (144A) |
280,000 | 256,758 | ||||||
7.250%, 01/15/30 (144A) |
1,319,000 | 1,307,251 | ||||||
8.250%, 01/15/29 (144A) |
509,000 | 528,068 | ||||||
9.250%, 01/15/29 (144A) |
1,028,000 | 1,086,017 | ||||||
11.625%, 08/15/27 (144A) |
472,000 | 512,072 | ||||||
Viking Cruises Ltd. |
736,000 | 671,747 | ||||||
7.000%, 02/15/29 (144A) |
141,000 | 129,720 | ||||||
9.125%, 07/15/31 (144A) |
1,830,000 | 1,830,842 | ||||||
Viking Ocean Cruises Ship VII Ltd. |
432,000 | 390,960 | ||||||
|
|
|||||||
27,834,465 | ||||||||
|
|
BHFTI-66
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Lodging1.0% | ||||||||
Accor SA |
100,000 | $ | 104,664 | |||||
Boyd Gaming Corp. |
269,000 | 247,638 | ||||||
4.750%, 06/15/31 (144A) (a) |
399,000 | 339,540 | ||||||
Hilton Domestic Operating Co., Inc. |
181,000 | 145,922 | ||||||
3.750%, 05/01/29 (144A) (a) |
394,000 | 340,734 | ||||||
4.000%, 05/01/31 (144A) |
81,000 | 68,095 | ||||||
4.875%, 01/15/30 (a) |
445,000 | 404,984 | ||||||
5.375%, 05/01/25 (144A) |
131,000 | 128,716 | ||||||
5.750%, 05/01/28 (144A) |
332,000 | 320,952 | ||||||
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp. |
361,000 | 343,402 | ||||||
Melco Resorts Finance Ltd. |
800,000 | 755,450 | ||||||
5.375%, 12/04/29 (144A) (a) |
1,400,000 | 1,148,390 | ||||||
5.750%, 07/21/28 (144A) (a) |
200,000 | 174,440 | ||||||
MGM China Holdings Ltd. |
200,000 | 179,500 | ||||||
5.250%, 06/18/25 (144A) |
200,000 | 191,015 | ||||||
5.875%, 05/15/26 (144A) |
200,000 | 190,224 | ||||||
MGM Resorts International |
61,000 | 59,582 | ||||||
Station Casinos LLC |
422,000 | 368,123 | ||||||
4.625%, 12/01/31 (144A) |
764,000 | 611,111 | ||||||
Wyndham Hotels & Resorts, Inc. |
314,000 | 282,029 | ||||||
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp. |
426,000 | 396,263 | ||||||
Wynn Macau Ltd. |
2,317,000 | 2,008,729 | ||||||
|
|
|||||||
8,809,503 | ||||||||
|
|
|||||||
Machinery-Construction & Mining0.4% | ||||||||
BWX Technologies, Inc. |
597,000 | 527,811 | ||||||
4.125%, 04/15/29 (144A) |
545,000 | 476,875 | ||||||
Terex Corp. |
839,000 | 751,345 | ||||||
Vertiv Group Corp. |
1,892,000 | 1,663,089 | ||||||
|
|
|||||||
3,419,120 | ||||||||
|
|
|||||||
Machinery-Diversified1.3% | ||||||||
ATS Corp. |
237,000 | 209,448 | ||||||
Chart Industries, Inc. |
1,609,000 | 1,617,817 | ||||||
9.500%, 01/01/31 (144A) |
242,000 | 257,199 | ||||||
GrafTech Finance, Inc. |
127,000 | 98,208 | ||||||
GrafTech Global Enterprises, Inc. |
1,025,000 | 971,188 | ||||||
Machinery-Diversified(Continued) | ||||||||
Husky III Holding Ltd. |
720,000 | 712,814 | ||||||
Mueller Water Products, Inc. |
186,000 | 161,988 | ||||||
OT Merger Corp. |
317,000 | 193,980 | ||||||
Renk AG |
100,000 | 104,922 | ||||||
Titan Acquisition Ltd./Titan Co.-Borrower LLC |
1,931,000 | 1,892,380 | ||||||
TK Elevator Holdco GmbH |
444,600 | 409,534 | ||||||
7.625%, 07/15/28 (144A) (a) |
1,313,000 | 1,195,129 | ||||||
TK Elevator Midco GmbH |
673,000 | 643,721 | ||||||
TK Elevator U.S. Newco, Inc. |
3,845,000 | 3,524,052 | ||||||
|
|
|||||||
11,992,380 | ||||||||
|
|
|||||||
Media4.6% | ||||||||
Altice Financing SA |
205,000 | 175,046 | ||||||
5.750%, 08/15/29 (144A) (a) |
2,799,000 | 2,293,875 | ||||||
AMC Networks, Inc. |
508,000 | 468,666 | ||||||
Cable One, Inc. |
1,153,000 | 878,355 | ||||||
CCO Holdings LLC/CCO Holdings Capital Corp. |
2,122,000 | 1,689,194 | ||||||
4.250%, 01/15/34 (144A) |
768,000 | 565,462 | ||||||
4.500%, 08/15/30 (144A) |
544,000 | 446,522 | ||||||
4.750%, 03/01/30 (144A) (a) |
992,000 | 832,736 | ||||||
4.750%, 02/01/32 (144A) (a) |
2,106,000 | 1,684,800 | ||||||
5.000%, 02/01/28 (144A) |
506,000 | 459,518 | ||||||
5.375%, 06/01/29 (144A) (a) |
557,000 | 499,745 | ||||||
6.375%, 09/01/29 (144A) |
1,503,000 | 1,401,496 | ||||||
7.375%, 03/01/31 (144A) (a) |
4,198,000 | 4,054,550 | ||||||
CSC Holdings LLC |
814,000 | 576,079 | ||||||
4.500%, 11/15/31 (144A) |
677,000 | 479,166 | ||||||
5.375%, 02/01/28 (144A) |
223,000 | 181,547 | ||||||
5.500%, 04/15/27 (144A) |
900,000 | 771,368 | ||||||
6.500%, 02/01/29 (144A) |
287,000 | 237,761 | ||||||
11.250%, 05/15/28 (144A) |
5,281,000 | 5,260,334 | ||||||
Directv Financing LLC/Directv Financing Co.-Obligor, Inc. |
463,000 | 409,375 | ||||||
DISH DBS Corp. |
788,000 | 436,851 | ||||||
5.250%, 12/01/26 (144A) |
1,195,000 | 1,015,572 | ||||||
5.750%, 12/01/28 (144A) |
450,000 | 345,938 | ||||||
DISH Network Corp. |
2,884,000 | 2,905,532 | ||||||
GCI LLC |
286,000 | 246,675 |
BHFTI-67
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Media(Continued) | ||||||||
Gray Television, Inc. |
447,000 | $ | 401,620 | |||||
7.000%, 05/15/27 (144A) |
353,000 | 303,580 | ||||||
LCPR Senior Secured Financing DAC |
1,573,000 | 1,444,801 | ||||||
Midcontinent Communications/Midcontinent Finance Corp. |
366,000 | 338,550 | ||||||
Nexstar Media, Inc. |
147,000 | 130,818 | ||||||
Radiate Holdco LLC/Radiate Finance, Inc. |
629,000 | 477,829 | ||||||
6.500%, 09/15/28 (144A) |
2,735,000 | 1,435,875 | ||||||
RCS & RDS SA |
100,000 | 101,555 | ||||||
Sinclair Television Group, Inc. |
992,000 | 615,109 | ||||||
Sirius XM Radio, Inc. |
2,941,000 | 2,686,309 | ||||||
Summer BidCo BV |
120,973 | 123,674 | ||||||
TEGNA, Inc. |
117,000 | 110,858 | ||||||
Tele Columbus AG |
209,000 | 127,055 | ||||||
Telenet Finance Luxembourg Notes Sarl |
800,000 | 720,000 | ||||||
Univision Communications, Inc. |
174,000 | 169,592 | ||||||
6.625%, 06/01/27 (144A) |
341,000 | 317,582 | ||||||
7.375%, 06/30/30 (144A) (a) |
477,000 | 435,929 | ||||||
8.000%, 08/15/28 (144A) (a) |
949,000 | 920,056 | ||||||
UPC Broadband Finco BV |
760,000 | 616,725 | ||||||
Virgin Media Secured Finance PLC |
207,000 | 233,979 | ||||||
Virgin Media Vendor Financing Notes IV DAC |
1,272,000 | 1,097,634 | ||||||
VZ Secured Financing BV |
100,000 | 81,125 | ||||||
Ziggo Bond Co. BV |
248,000 | 185,012 | ||||||
6.000%, 01/15/27 (144A) (a) |
351,000 | 321,337 | ||||||
Ziggo BV |
385,000 | 313,642 | ||||||
|
|
|||||||
42,026,409 | ||||||||
|
|
|||||||
Metal Fabricate/Hardware0.3% | ||||||||
Advanced Drainage Systems, Inc. |
1,163,000 | 1,086,450 | ||||||
6.375%, 06/15/30 (144A) |
1,106,000 | 1,062,258 | ||||||
Roller Bearing Co. of America, Inc. |
335,000 | 288,154 | ||||||
Vallourec SA |
94,000 | 99,382 | ||||||
|
|
|||||||
2,536,244 | ||||||||
|
|
|||||||
Mining1.5% | ||||||||
Arsenal AIC Parent LLC |
384,000 | 382,088 | ||||||
Constellium SE |
2,576,000 | 2,158,473 | ||||||
4.250%, 02/15/26 (EUR) |
279,000 | 287,643 | ||||||
5.625%, 06/15/28 (144A) |
762,000 | 716,906 | ||||||
5.875%, 02/15/26 (144A) |
270,000 | 263,698 | ||||||
ERO Copper Corp. |
553,000 | 475,733 | ||||||
First Quantum Minerals Ltd. |
925,000 | 920,543 | ||||||
Kaiser Aluminum Corp. |
1,360,000 | 1,077,295 | ||||||
4.625%, 03/01/28 (144A) |
395,000 | 344,910 | ||||||
New Gold, Inc. |
1,102,000 | 1,028,699 | ||||||
Novelis Corp. |
2,798,000 | 2,498,884 | ||||||
3.875%, 08/15/31 (144A) |
1,664,000 | 1,328,845 | ||||||
4.750%, 01/30/30 (144A) |
1,324,000 | 1,145,855 | ||||||
Novelis Sheet Ingot GmbH |
422,000 | 384,711 | ||||||
Vedanta Resources Finance II PLC |
287,000 | 210,944 | ||||||
|
|
|||||||
13,225,227 | ||||||||
|
|
|||||||
Miscellaneous Manufacturing0.1% | ||||||||
Amsted Industries, Inc. |
339,000 | 319,512 | ||||||
EnPro Industries, Inc. |
161,000 | 154,358 | ||||||
Gates Global LLC/Gates Corp. |
887,000 | 864,370 | ||||||
|
|
|||||||
1,338,240 | ||||||||
|
|
|||||||
Oil & Gas7.2% | ||||||||
Aethon United BR LP/Aethon United Finance Corp. |
1,462,000 | 1,450,465 | ||||||
Antero Resources Corp. |
161,000 | 163,166 | ||||||
Apache Corp. |
499,000 | 382,296 | ||||||
Ascent Resources Utica Holdings LLC/ARU Finance Corp. |
1,251,000 | 1,124,917 | ||||||
8.250%, 12/31/28 (144A) |
2,327,000 | 2,302,784 | ||||||
9.000%, 11/01/27 (144A) |
1,618,000 | 2,038,680 | ||||||
Baytex Energy Corp. |
368,000 | 372,352 | ||||||
Callon Petroleum Co. |
1,160,000 | 1,138,437 | ||||||
7.500%, 06/15/30 (144A) |
1,766,000 | 1,712,273 | ||||||
8.000%, 08/01/28 (144A) |
1,491,000 | 1,493,129 | ||||||
Chesapeake Energy Corp. |
42,000 | 39,520 | ||||||
6.750%, 04/15/29 (144A) |
1,133,000 | 1,108,757 |
BHFTI-68
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Oil & Gas(Continued) | ||||||||
CITGO Petroleum Corp. |
581,000 | $ | 573,747 | |||||
7.000%, 06/15/25 (144A) |
600,000 | 591,077 | ||||||
8.375%, 01/15/29 (144A) |
1,418,000 | 1,416,157 | ||||||
Civitas Resources, Inc. |
2,268,000 | 2,307,690 | ||||||
8.750%, 07/01/31 (144A) |
1,780,000 | 1,818,215 | ||||||
CNX Resources Corp. |
256,000 | 250,970 | ||||||
Comstock Resources, Inc. |
2,073,000 | 1,794,451 | ||||||
6.750%, 03/01/29 (144A) |
727,000 | 668,762 | ||||||
Crescent Energy Finance LLC |
1,646,000 | 1,613,080 | ||||||
9.250%, 02/15/28 (144A) |
1,239,000 | 1,264,957 | ||||||
CrownRock LP/CrownRock Finance, Inc. |
311,000 | 291,395 | ||||||
5.625%, 10/15/25 (144A) |
2,097,000 | 2,063,343 | ||||||
Diamond Foreign Asset Co./Diamond Finance LLC |
617,000 | 617,086 | ||||||
Earthstone Energy Holdings LLC |
742,000 | 759,452 | ||||||
9.875%, 07/15/31 (144A) |
863,000 | 938,488 | ||||||
EnQuest PLC |
200,000 | 188,494 | ||||||
Gulfport Energy Corp. |
102,000 | 102,128 | ||||||
Harbour Energy PLC |
215,000 | 200,488 | ||||||
Hilcorp Energy I LP/Hilcorp Finance Co. |
713,000 | 643,834 | ||||||
6.000%, 04/15/30 (144A) |
60,000 | 54,099 | ||||||
6.250%, 11/01/28 (144A) |
394,000 | 369,460 | ||||||
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp. |
86,000 | 83,001 | ||||||
Matador Resources Co. |
634,000 | 611,890 | ||||||
6.875%, 04/15/28 (144A) |
793,000 | 778,601 | ||||||
Murphy Oil Corp. |
24,000 | 23,970 | ||||||
5.875%, 12/01/27 |
160,000 | 155,265 | ||||||
5.875%, 12/01/42 |
64,000 | 51,742 | ||||||
Nabors Industries Ltd. |
436,000 | 421,285 | ||||||
7.500%, 01/15/28 (144A) |
565,000 | 522,336 | ||||||
Nabors Industries, Inc. |
||||||||
5.750%, 02/01/25 |
2,211,000 | 2,164,016 | ||||||
7.375%, 05/15/27 (144A) |
488,000 | 472,080 | ||||||
Noble Finance II LLC |
826,000 | 836,802 | ||||||
Northern Oil & Gas, Inc. |
2,741,000 | 2,737,711 | ||||||
8.750%, 06/15/31 (144A) |
1,359,000 | 1,369,193 | ||||||
Occidental Petroleum Corp. |
654,000 | 623,396 | ||||||
Oil & Gas(Continued) | ||||||||
Patterson-UTI Energy, Inc. |
265,000 | 265,952 | ||||||
PBF Holding Co. LLC/PBF Finance Corp. |
373,000 | 371,499 | ||||||
PDC Energy, Inc. |
57,000 | 56,803 | ||||||
Permian Resources Operating LLC |
1,053,000 | 990,541 | ||||||
6.875%, 04/01/27 (144A) |
1,303,000 | 1,284,396 | ||||||
7.000%, 01/15/32 (144A) |
506,000 | 499,024 | ||||||
7.750%, 02/15/26 (144A) |
1,178,000 | 1,185,626 | ||||||
Precision Drilling Corp. |
32,000 | 30,310 | ||||||
Rockcliff Energy II LLC |
330,000 | 296,989 | ||||||
Seadrill Finance Ltd. |
635,000 | 646,506 | ||||||
Shelf Drilling Holdings Ltd. |
567,000 | 561,124 | ||||||
Sitio Royalties Operating Partnership LP/Sitio Finance Corp. |
947,000 | 949,368 | ||||||
SM Energy Co. |
449,000 | 439,436 | ||||||
6.500%, 07/15/28 |
344,000 | 330,240 | ||||||
6.625%, 01/15/27 |
59,000 | 57,820 | ||||||
6.750%, 09/15/26 |
535,000 | 525,167 | ||||||
Southwestern Energy Co. |
10,000 | 8,583 | ||||||
5.375%, 02/01/29 |
1,003,000 | 923,750 | ||||||
Sunoco LP/Sunoco Finance Corp. |
282,000 | 270,527 | ||||||
6.000%, 04/15/27 (a) |
131,000 | 126,970 | ||||||
7.000%, 09/15/28 |
534,000 | 526,921 | ||||||
Transocean Aquila Ltd. |
359,000 | 359,000 | ||||||
Transocean Titan Financing Ltd. |
451,000 | 458,893 | ||||||
Transocean, Inc. |
1,864,000 | 1,821,724 | ||||||
8.000%, 02/01/27 (144A) |
551,000 | 530,338 | ||||||
8.750%, 02/15/30 (144A) |
2,851,900 | 2,916,068 | ||||||
11.500%, 01/30/27 (144A) |
1,430,000 | 1,499,712 | ||||||
Valaris Ltd. |
2,021,000 | 2,022,516 | ||||||
Vantage Drilling International |
737,000 | 722,260 | ||||||
Vermilion Energy, Inc. |
438,000 | 414,434 | ||||||
Vital Energy, Inc. |
629,000 | 643,016 | ||||||
10.125%, 01/15/28 |
629,000 | 641,112 | ||||||
|
|
|||||||
65,082,062 | ||||||||
|
|
BHFTI-69
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Oil & Gas Services0.8% | ||||||||
Archrock Partners LP/Archrock Partners Finance Corp. |
2,191,000 | $ | 2,039,874 | |||||
6.875%, 04/01/27 (144A) |
1,045,000 | 1,010,872 | ||||||
Enerflex Ltd. |
682,000 | 673,475 | ||||||
Nine Energy Service, Inc. |
219,000 | 199,741 | ||||||
Oceaneering International, Inc. |
196,000 | 184,645 | ||||||
USA Compression Partners LP/USA Compression Finance Corp. |
1,082,000 | 1,059,866 | ||||||
6.875%, 09/01/27 |
898,000 | 870,569 | ||||||
Weatherford International Ltd. |
445,000 | 445,044 | ||||||
8.625%, 04/30/30 (144A) |
836,000 | 842,400 | ||||||
|
|
|||||||
7,326,486 | ||||||||
|
|
|||||||
Packaging & Containers3.1% | ||||||||
ARD Finance SA |
2,033,336 | 1,534,032 | ||||||
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC |
300,000 | 240,285 | ||||||
3.250%, 09/01/28 (144A) |
200,000 | 166,758 | ||||||
4.000%, 09/01/29 (144A) |
4,008,000 | 3,136,545 | ||||||
6.000%, 06/15/27 (144A) |
999,000 | 960,006 | ||||||
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. |
677,000 | 634,376 | ||||||
4.125%, 08/15/26 (144A) |
400,000 | 365,607 | ||||||
4.750%, 07/15/27 (GBP) |
100,000 | 96,209 | ||||||
5.250%, 04/30/25 (144A) |
700,000 | 682,326 | ||||||
5.250%, 08/15/27 (144A) |
200,000 | 166,899 | ||||||
Ball Corp. |
394,000 | 308,534 | ||||||
6.000%, 06/15/29 |
500,000 | 485,409 | ||||||
Canpack SA/Canpack U.S. LLC |
249,000 | 229,698 | ||||||
Clydesdale Acquisition Holdings, Inc. |
1,605,000 | 1,492,309 | ||||||
8.750%, 04/15/30 (144A) |
1,542,000 | 1,322,511 | ||||||
Crown Americas LLC/Crown Americas Capital Corp. VI |
71,000 | 68,193 | ||||||
Crown Cork & Seal Co., Inc. |
79,000 | 80,185 | ||||||
Fiber Bidco Spa |
100,000 | 112,729 | ||||||
Graphic Packaging International LLC |
300,000 | 275,140 | ||||||
3.500%, 03/15/28 (144A) |
244,000 | 214,072 | ||||||
Kleopatra Finco Sarl |
110,000 | 97,014 | ||||||
LABL, Inc. |
638,000 | 572,745 | ||||||
6.750%, 07/15/26 (144A) |
97,000 | 94,007 | ||||||
9.500%, 11/01/28 (144A) (a) |
1,199,000 | 1,228,975 | ||||||
Packaging & Containers(Continued) | ||||||||
Mauser Packaging Solutions Holding Co. |
||||||||
7.875%, 08/15/26 (144A) (a) |
8,203,000 | 7,913,729 | ||||||
9.250%, 04/15/27 (144A) |
240,000 | 209,780 | ||||||
OI European Group BV |
425,000 | 456,700 | ||||||
Owens-Brockway Glass Container, Inc. |
109,000 | 106,262 | ||||||
7.250%, 05/15/31 (144A) |
650,000 | 635,375 | ||||||
Sealed Air Corp. |
179,000 | 159,721 | ||||||
5.000%, 04/15/29 (144A) |
165,000 | 148,355 | ||||||
6.125%, 02/01/28 (144A) |
428,000 | 414,527 | ||||||
Trident TPI Holdings, Inc. |
280,000 | 292,600 | ||||||
Trivium Packaging Finance BV |
1,247,000 | 1,162,744 | ||||||
8.500%, 08/15/27 (144A) (a) |
2,556,000 | 2,335,890 | ||||||
|
|
|||||||
28,400,247 | ||||||||
|
|
|||||||
Pharmaceuticals1.0% | ||||||||
AdaptHealth LLC |
72,000 | 55,755 | ||||||
6.125%, 08/01/28 (144A) |
154,000 | 132,926 | ||||||
Bayer AG |
200,000 | 197,692 | ||||||
6.625%, 5Y EUR Swap + 3.432%, 09/25/83 (EUR) (b) |
100,000 | 104,376 | ||||||
7.000%, 5Y EUR Swap + 3.896%, 09/25/83 (EUR) (b) |
100,000 | 104,453 | ||||||
Cheplapharm Arzneimittel GmbH |
100,000 | 96,210 | ||||||
Grifols SA |
100,000 | 89,500 | ||||||
Gruenenthal GmbH |
200,000 | 195,073 | ||||||
Jazz Securities DAC |
200,000 | 174,377 | ||||||
Option Care Health, Inc. |
676,000 | 583,895 | ||||||
Organon & Co./Organon Foreign Debt Co.-Issuer BV |
100,000 | 90,865 | ||||||
4.125%, 04/30/28 (144A) |
848,000 | 736,835 | ||||||
5.125%, 04/30/31 (144A) (a) |
800,000 | 641,082 | ||||||
PRA Health Sciences, Inc. |
1,042,000 | 940,165 | ||||||
Prestige Brands, Inc. |
590,000 | 474,950 | ||||||
Rossini Sarl |
141,000 | 148,998 | ||||||
Teva Pharmaceutical Finance Netherlands II BV |
122,000 | 130,935 | ||||||
Teva Pharmaceutical Finance Netherlands III BV | ||||||||
3.150%, 10/01/26 (a) |
1,680,000 | 1,497,334 | ||||||
4.750%, 05/09/27 (a) |
400,000 | 367,013 | ||||||
6.750%, 03/01/28 |
200,000 | 196,399 | ||||||
7.125%, 01/31/25 |
394,000 | 395,362 | ||||||
7.875%, 09/15/29 |
810,000 | 820,582 |
BHFTI-70
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Pharmaceuticals(Continued) | ||||||||
Teva Pharmaceutical Finance Netherlands III BV | ||||||||
8.125%, 09/15/31 |
507,000 | $ | 524,518 | |||||
|
|
|||||||
8,699,295 | ||||||||
|
|
|||||||
Pipelines4.3% | ||||||||
Antero Midstream Partners LP/Antero Midstream Finance Corp. |
546,000 | 499,911 | ||||||
5.750%, 03/01/27 (144A) (a) |
393,000 | 375,100 | ||||||
Buckeye Partners LP |
67,000 | 63,645 | ||||||
5.600%, 10/15/44 |
215,000 | 152,978 | ||||||
5.850%, 11/15/43 |
318,000 | 232,138 | ||||||
CNX Midstream Partners LP |
287,000 | 238,896 | ||||||
CQP Holdco LP/BIP-V Chinook Holdco LLC |
2,622,000 | 2,324,005 | ||||||
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp. |
144,000 | 138,015 | ||||||
6.000%, 02/01/29 (144A) |
1,183,000 | 1,141,950 | ||||||
7.375%, 02/01/31 (144A) |
252,000 | 256,649 | ||||||
8.000%, 04/01/29 (144A) |
123,000 | 126,166 | ||||||
DT Midstream, Inc. |
871,000 | 753,451 | ||||||
4.375%, 06/15/31 (144A) |
1,037,000 | 872,028 | ||||||
Enbridge, Inc. |
547,000 | 542,499 | ||||||
Energy Transfer LP |
1,210,000 | 1,111,809 | ||||||
EnLink Midstream LLC |
1,046,000 | 967,551 | ||||||
5.625%, 01/15/28 (144A) |
830,000 | 784,753 | ||||||
6.500%, 09/01/30 (144A) |
551,000 | 534,488 | ||||||
EnLink Midstream Partners LP |
16,000 | 15,273 | ||||||
4.850%, 07/15/26 |
30,000 | 28,244 | ||||||
5.600%, 04/01/44 |
458,000 | 380,140 | ||||||
EQM Midstream Partners LP |
103,000 | 95,342 | ||||||
4.500%, 01/15/29 (144A) |
50,000 | 44,498 | ||||||
4.750%, 01/15/31 (144A) (a) |
678,000 | 583,581 | ||||||
6.000%, 07/01/25 (144A) |
943,000 | 928,359 | ||||||
6.500%, 07/01/27 (144A) |
783,000 | 764,581 | ||||||
7.500%, 06/01/30 (144A) |
229,000 | 229,973 | ||||||
FTAI Infra Escrow Holdings LLC |
285,000 | 283,575 | ||||||
Genesis Energy LP/Genesis Energy Finance Corp. |
282,000 | 277,154 | ||||||
7.750%, 02/01/28 |
370,000 | 350,748 | ||||||
8.875%, 04/15/30 |
403,000 | 393,485 | ||||||
Harvest Midstream I LP |
131,000 | 126,629 | ||||||
Hess Midstream Operations LP |
650,000 | 548,105 | ||||||
Howard Midstream Energy Partners LLC |
735,000 | 741,431 | ||||||
Pipelines(Continued) | ||||||||
ITT Holdings LLC |
917,000 | 777,271 | ||||||
Kinetik Holdings LP |
835,000 | 782,812 | ||||||
New Fortress Energy, Inc. |
612,000 | 563,488 | ||||||
6.750%, 09/15/25 (144A) |
2,399,000 | 2,290,100 | ||||||
NGL Energy Operating LLC/NGL Energy Finance Corp. |
744,000 | 735,844 | ||||||
NuStar Logistics LP |
302,000 | 293,695 | ||||||
6.000%, 06/01/26 |
239,000 | 231,882 | ||||||
6.375%, 10/01/30 |
53,000 | 50,205 | ||||||
Rockies Express Pipeline LLC |
136,000 | 121,134 | ||||||
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp. |
164,000 | 149,240 | ||||||
6.000%, 03/01/27 (144A) (a) |
115,000 | 108,084 | ||||||
6.000%, 12/31/30 (144A) |
79,000 | 69,734 | ||||||
6.000%, 09/01/31 (144A) |
361,000 | 314,675 | ||||||
7.500%, 10/01/25 (144A) |
35,000 | 34,904 | ||||||
Venture Global Calcasieu Pass LLC |
2,366,000 | 1,990,937 | ||||||
3.875%, 11/01/33 (144A) |
2,334,000 | 1,812,176 | ||||||
4.125%, 08/15/31 (144A) |
1,078,000 | 884,629 | ||||||
Venture Global LNG, Inc. |
3,658,000 | 3,621,943 | ||||||
8.375%, 06/01/31 (144A) |
5,610,000 | 5,514,978 | ||||||
Western Midstream Operating LP |
1,227,000 | 955,875 | ||||||
5.300%, 03/01/48 |
833,000 | 650,192 | ||||||
5.450%, 04/01/44 |
466,000 | 375,645 | ||||||
5.500%, 08/15/48 |
243,000 | 193,214 | ||||||
|
|
|||||||
39,429,807 | ||||||||
|
|
|||||||
Real Estate0.4% | ||||||||
ADLER Group SA |
100,000 | 105,725 | ||||||
Agps Bondco PLC |
200,000 | 83,755 | ||||||
6.000%, 08/05/25 (EUR) |
200,000 | 91,431 | ||||||
Anywhere Real Estate Group LLC/Anywhere Co.-Issuer Corp. |
1,359,227 | 1,226,702 | ||||||
Cushman & Wakefield U.S. Borrower LLC |
840,000 | 774,984 | ||||||
8.875%, 09/01/31 |
413,000 | 399,578 | ||||||
Fastighets AB Balder |
100,000 | 72,710 | ||||||
Greystar Real Estate Partners LLC |
58,000 | 57,297 | ||||||
Heimstaden Bostad AB |
100,000 | 45,726 | ||||||
Heimstaden Bostad Treasury BV |
100,000 | 84,939 |
BHFTI-71
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Real Estate(Continued) | ||||||||
Howard Hughes Corp. |
382,000 | $ | 305,600 | |||||
4.375%, 02/01/31 (144A) |
308,000 | 236,322 | ||||||
5.375%, 08/01/28 (144A) |
7,000 | 6,168 | ||||||
SBB Treasury Oyj |
100,000 | 60,152 | ||||||
Tropicana Entertainment LLC/Tropicana Finance Corp. |
70,000 | 0 | ||||||
Unique Pub Finance Co. PLC |
17,000 | 19,904 | ||||||
|
|
|||||||
3,570,993 | ||||||||
|
|
|||||||
Real Estate Investment Trusts2.1% | ||||||||
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC |
441,000 | 367,512 | ||||||
Global Net Lease, Inc./Global Net Lease Operating Partnership LP |
252,000 | 195,110 | ||||||
GLP Capital LP/GLP Financing II, Inc. |
960,000 | 745,045 | ||||||
HAT Holdings I LLC/HAT Holdings II LLC |
513,000 | 455,971 | ||||||
Iron Mountain Information Management Services, Inc. |
480,000 | 394,528 | ||||||
Iron Mountain U.K. PLC |
100,000 | 114,995 | ||||||
Iron Mountain, Inc. |
214,000 | 184,747 | ||||||
7.000%, 02/15/29 (144A) |
1,558,000 | 1,523,776 | ||||||
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp. |
384,000 | 335,858 | ||||||
4.750%, 06/15/29 (144A) |
178,000 | 143,789 | ||||||
5.250%, 10/01/25 (144A) |
116,000 | 111,685 | ||||||
MPT Operating Partnership LP/MPT Finance Corp. |
737,000 | 681,136 | ||||||
2.550%, 12/05/23 (GBP) |
271,000 | 320,886 | ||||||
3.500%, 03/15/31 |
2,335,000 | 1,458,137 | ||||||
4.625%, 08/01/29 (a) |
979,000 | 693,390 | ||||||
RHP Hotel Properties LP/RHP Finance Corp. |
482,000 | 413,052 | ||||||
4.750%, 10/15/27 |
1,222,000 | 1,112,020 | ||||||
7.250%, 07/15/28 |
907,000 | 891,121 | ||||||
RLJ Lodging Trust LP |
353,000 | 319,250 | ||||||
4.000%, 09/15/29 (144A) (a) |
268,000 | 219,476 | ||||||
SBA Communications Corp. |
1,897,000 | 1,582,235 | ||||||
3.875%, 02/15/27 |
1,475,000 | 1,351,507 | ||||||
Service Properties Trust |
461,000 | 452,903 | ||||||
Starwood Property Trust, Inc. |
101,000 | 88,097 | ||||||
5.500%, 11/01/23 (144A) |
68,000 | 67,861 | ||||||
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC |
1,988,000 | 1,947,152 | ||||||
Real Estate Investment Trusts(Continued) | ||||||||
VICI Properties LP |
523,000 | 478,528 | ||||||
5.625%, 05/15/52 |
807,000 | 668,273 | ||||||
VICI Properties LP/VICI Note Co., Inc. |
624,000 | 530,637 | ||||||
4.625%, 12/01/29 (144A) |
1,248,000 | 1,107,038 | ||||||
|
|
|||||||
18,955,715 | ||||||||
|
|
|||||||
Retail2.3% | ||||||||
1011778 BC ULC/New Red Finance, Inc. |
412,000 | 369,581 | ||||||
4.000%, 10/15/30 (144A) |
163,000 | 135,449 | ||||||
4.375%, 01/15/28 (144A) |
455,000 | 410,113 | ||||||
5.750%, 04/15/25 (144A) |
296,000 | 293,730 | ||||||
Arko Corp. |
502,000 | 404,883 | ||||||
Asbury Automotive Group, Inc. |
||||||||
4.500%, 03/01/28 |
282,000 | 252,450 | ||||||
4.750%, 03/01/30 (a) |
57,000 | 48,713 | ||||||
5.000%, 02/15/32 (144A) |
365,000 | 302,417 | ||||||
Beacon Roofing Supply, Inc. |
323,000 | 276,165 | ||||||
6.500%, 08/01/30 (144A) |
708,000 | 686,130 | ||||||
Constellation Automotive Financing PLC |
100,000 | 92,728 | ||||||
eG Global Finance PLC |
635,000 | 623,887 | ||||||
8.500%, 10/30/25 (144A) |
485,000 | 477,325 | ||||||
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc. |
124,000 | 105,090 | ||||||
6.750%, 01/15/30 (144A) (a) |
177,000 | 144,273 | ||||||
Foundation Building Materials, Inc. |
201,000 | 167,281 | ||||||
Goldstory SAS |
100,000 | 102,514 | ||||||
GYP Holdings III Corp. |
967,000 | 833,003 | ||||||
IRB Holding Corp. |
315,000 | 315,082 | ||||||
Ken Garff Automotive LLC |
286,000 | 244,241 | ||||||
LCM Investments Holdings II LLC |
761,000 | 647,007 | ||||||
8.250%, 08/01/31 (144A) |
699,000 | 679,023 | ||||||
Lithia Motors, Inc. |
345,000 | 290,766 | ||||||
Murphy Oil USA, Inc. |
302,000 | 272,289 | ||||||
NMG Holding Co., Inc./Neiman Marcus Group LLC |
309,000 | 289,875 | ||||||
Penske Automotive Group, Inc. |
423,000 | 400,279 | ||||||
PetSmart, Inc./PetSmart Finance Corp. |
250,000 | 218,860 | ||||||
7.750%, 02/15/29 (144A) |
2,183,000 | 2,034,313 |
BHFTI-72
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Retail(Continued) | ||||||||
Specialty Building Products Holdings LLC/SBP Finance Corp. |
235,000 | $ | 219,759 | |||||
SRS Distribution, Inc. |
2,132,000 | 1,841,843 | ||||||
6.000%, 12/01/29 (144A) (a) |
2,286,000 | 1,920,240 | ||||||
6.125%, 07/01/29 (144A) (a) |
1,360,000 | 1,158,249 | ||||||
Staples, Inc. |
446,000 | 366,765 | ||||||
Stonegate Pub Co. Financing 2019 PLC |
100,000 | 115,312 | ||||||
Suburban Propane Partners LP/Suburban Energy Finance Corp. |
238,000 | 198,666 | ||||||
White Cap Buyer LLC |
3,961,000 | 3,500,774 | ||||||
White Cap Parent LLC |
538,000 | 519,077 | ||||||
|
|
|||||||
20,958,152 | ||||||||
|
|
|||||||
Semiconductors0.7% | ||||||||
Entegris Escrow Corp. |
5,959,000 | 5,357,190 | ||||||
Entegris, Inc. |
306,000 | 272,363 | ||||||
Synaptics, Inc. |
437,000 | 360,525 | ||||||
|
|
|||||||
5,990,078 | ||||||||
|
|
|||||||
Software4.7% | ||||||||
ACI Worldwide, Inc. |
954,000 | 924,874 | ||||||
Alteryx, Inc. |
637,000 | 634,157 | ||||||
AthenaHealth Group, Inc. |
6,400,000 | 5,353,646 | ||||||
Boxer Parent Co., Inc. |
200,000 | 209,494 | ||||||
7.125%, 10/02/25 (144A) |
689,000 | 685,556 | ||||||
9.125%, 03/01/26 (144A) |
1,989,000 | 1,983,431 | ||||||
Camelot Finance SA |
609,000 | 562,222 | ||||||
Capstone Borrower, Inc. |
869,000 | 848,361 | ||||||
Cedacri Mergeco SPA |
100,000 | 104,800 | ||||||
Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc. |
1,257,000 | 1,252,349 | ||||||
Central Parent, Inc./CDK Global, Inc. |
1,262,000 | 1,223,525 | ||||||
Clarivate Science Holdings Corp. |
3,154,000 | 2,730,419 | ||||||
4.875%, 07/01/29 (144A) |
1,857,000 | 1,582,809 | ||||||
Cloud Software Group, Inc. |
9,622,000 | 8,509,030 | ||||||
9.000%, 09/30/29 (144A) (a) |
3,832,000 | 3,330,011 | ||||||
Software(Continued) | ||||||||
Consensus Cloud Solutions, Inc. |
197,000 | 181,328 | ||||||
6.500%, 10/15/28 (144A) |
179,000 | 152,551 | ||||||
Dun & Bradstreet Corp. |
1,923,000 | 1,657,890 | ||||||
Elastic NV |
1,009,000 | 859,320 | ||||||
Fair Isaac Corp. |
725,000 | 648,207 | ||||||
Helios Software Holdings, Inc./ION Corporate Solutions Finance Sarl |
250,000 | 215,245 | ||||||
MicroStrategy, Inc. |
1,471,000 | 1,306,454 | ||||||
Open Text Corp. |
2,404,000 | 2,409,471 | ||||||
Playtika Holding Corp. |
215,000 | 179,525 | ||||||
SS&C Technologies, Inc. |
2,197,000 | 2,073,177 | ||||||
Twilio, Inc. |
396,000 | 331,509 | ||||||
3.875%, 03/15/31 |
743,000 | 604,121 | ||||||
Veritas U.S., Inc./Veritas Bermuda Ltd. |
576,000 | 481,256 | ||||||
ZoomInfo Technologies LLC/ZoomInfo Finance Corp. |
2,200,000 | 1,833,579 | ||||||
|
|
|||||||
42,868,317 | ||||||||
|
|
|||||||
Telecommunications4.7% | ||||||||
Altice France SA |
100,000 | 99,910 | ||||||
5.125%, 07/15/29 (144A) |
2,295,000 | 1,631,529 | ||||||
5.500%, 10/15/29 (144A) |
1,120,000 | 805,409 | ||||||
5.875%, 02/01/27 (EUR) |
100,000 | 90,730 | ||||||
8.125%, 02/01/27 (144A) |
1,876,000 | 1,663,630 | ||||||
British Telecommunications PLC |
100,000 | 121,704 | ||||||
CommScope Technologies LLC |
1,324,000 | 1,260,386 | ||||||
CommScope, Inc. |
1,472,000 | 1,082,721 | ||||||
6.000%, 03/01/26 (144A) (a) |
346,000 | 322,897 | ||||||
Connect Finco Sarl/Connect U.S. Finco LLC |
5,256,000 | 4,902,259 | ||||||
Eutelsat SA |
100,000 | 78,230 | ||||||
Frontier Communications Holdings LLC |
1,753,000 | 1,496,751 | ||||||
5.875%, 10/15/27 (144A) (a) |
603,000 | 548,409 | ||||||
8.750%, 05/15/30 (144A) |
3,507,000 | 3,329,810 | ||||||
Global Switch Holdings Ltd. |
100,000 | 97,371 | ||||||
Hughes Satellite Systems Corp. |
263,000 | 236,486 |
BHFTI-73
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Telecommunications(Continued) | ||||||||
Iliad Holding SASU |
100,000 | $ | 98,194 | |||||
6.500%, 10/15/26 (144A) |
2,309,000 | 2,169,336 | ||||||
7.000%, 10/15/28 (144A) |
742,000 | 675,425 | ||||||
Level 3 Financing, Inc. |
2,078,000 | 1,945,797 | ||||||
3.625%, 01/15/29 (144A) |
252,000 | 141,120 | ||||||
4.625%, 09/15/27 (144A) |
2,780,000 | 1,999,284 | ||||||
10.500%, 05/15/30 (144A) |
2,318,000 | 2,333,271 | ||||||
Liberty Costa Rica Senior Secured Finance |
301,000 | 301,752 | ||||||
Ligado Networks LLC |
720,170 | 259,261 | ||||||
Lorca Telecom Bondco SA |
200,000 | 196,232 | ||||||
Lumen Technologies, Inc. |
1,203,000 | 792,115 | ||||||
Sable International Finance Ltd. |
273,000 | 247,747 | ||||||
SES SA |
100,000 | 104,980 | ||||||
SoftBank Group Corp. |
100,000 | 102,421 | ||||||
3.875%, (EUR) |
100,000 | 80,606 | ||||||
4.500%, (EUR) |
200,000 | 207,750 | ||||||
Telecom Italia Capital SA |
1,133,000 | 944,674 | ||||||
6.375%, 11/15/33 |
506,000 | 438,739 | ||||||
7.200%, 07/18/36 |
179,000 | 159,271 | ||||||
7.721%, 06/04/38 |
211,000 | 193,065 | ||||||
Telecom Italia Finance SA |
42,000 | 47,071 | ||||||
Telecom Italia SpA |
152,000 | 125,544 | ||||||
5.303%, 05/30/24 (144A) (a) |
271,000 | 266,444 | ||||||
6.875%, 02/15/28 (EUR) |
100,000 | 106,269 | ||||||
7.875%, 07/31/28 (EUR) |
226,000 | 247,348 | ||||||
Telefonica Europe BV |
200,000 | 203,017 | ||||||
6.750%, 8Y EUR Swap + 3.615%, 06/07/31 (EUR) (b) |
100,000 | 104,281 | ||||||
7.125%, 6Y EUR Swap + 4.322%, 08/23/28 (EUR) (b) |
100,000 | 108,368 | ||||||
Viasat, Inc. |
1,733,000 | 1,600,859 | ||||||
5.625%, 04/15/27 (144A) |
299,000 | 259,043 | ||||||
7.500%, 05/30/31 |
144,000 | 95,112 | ||||||
Viavi Solutions, Inc. |
602,000 | 489,366 | ||||||
Vmed O2 U.K. Financing I PLC |
100,000 | 99,438 | ||||||
4.250%, 01/31/31 (144A) |
213,000 | 169,613 | ||||||
4.500%, 07/15/31 (GBP) |
134,000 | 127,734 | ||||||
4.750%, 07/15/31 (144A) |
673,000 | 543,699 | ||||||
Vodafone Group PLC |
100,000 | 96,226 | ||||||
3.000%, 5Y EUR Swap + 3.477%, 08/27/80 (EUR) (b) |
100,000 | 85,658 | ||||||
6.500%, 5Y EUR Swap + 3.489%, 08/30/84 (EUR) (b) |
125,000 | 133,133 | ||||||
Telecommunications(Continued) | ||||||||
Zayo Group Holdings, Inc. |
7,354,000 | 5,455,826 | ||||||
6.125%, 03/01/28 (144A) |
1,823,000 | 1,171,678 | ||||||
|
|
|||||||
42,694,999 | ||||||||
|
|
|||||||
Toys/Games/Hobbies0.1% | ||||||||
Mattel, Inc. |
462,000 | 381,070 | ||||||
6.200%, 10/01/40 |
659,000 | 586,951 | ||||||
|
|
|||||||
968,021 | ||||||||
|
|
|||||||
Transportation0.1% | ||||||||
Forward Air Corp. |
1,017,000 | 1,016,288 | ||||||
Poste Italiane SpA |
150,000 | 122,095 | ||||||
XPO Escrow Sub LLC |
223,000 | 225,462 | ||||||
|
|
|||||||
1,363,845 | ||||||||
|
|
|||||||
Trucking & Leasing0.5% | ||||||||
Fortress Transportation & Infrastructure Investors LLC |
2,362,000 | 2,141,357 | ||||||
6.500%, 10/01/25 (144A) |
1,261,000 | 1,239,367 | ||||||
9.750%, 08/01/27 (144A) |
1,125,000 | 1,163,632 | ||||||
|
|
|||||||
4,544,356 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
805,866,813 | |||||||
|
|
|||||||
Floating Rate Loans (h)8.6% |
| |||||||
Advertising0.2% | ||||||||
Clear Channel Outdoor Holdings, Inc. |
2,305,398 | 2,244,561 | ||||||
|
|
|||||||
Aerospace/Defense0.1% | ||||||||
Bleriot U.S. Bidco, Inc. |
||||||||
2023 Term Loan B, 9.652%, 3M TSFR + 4.000%, 10/31/28 |
166,577 | 166,948 | ||||||
Dynasty Acquisition Co., Inc. |
||||||||
2023 Term Loan B1, 9.316%, 1M TSFR + 4.000%, 08/24/28 |
554,945 | 554,740 | ||||||
2023 Term Loan B2, 9.316%, 1M TSFR + 4.000%, 08/24/28 |
237,834 | 237,746 | ||||||
|
|
|||||||
959,434 | ||||||||
|
|
|||||||
Airlines0.2% | ||||||||
Air Canada |
172,942 | 173,312 | ||||||
American Airlines, Inc. |
1,554,660 | 1,604,119 | ||||||
United Airlines, Inc. |
550,096 | 553,659 | ||||||
|
|
|||||||
2,331,090 | ||||||||
|
|
BHFTI-74
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Floating Rate Loans (h)(Continued)
Security Description | Principal Amount* |
Value | ||||||
Apparel0.0% | ||||||||
Hanesbrands, Inc. |
204,232 | $ | 200,658 | |||||
|
|
|||||||
Auto Parts & Equipment0.0% | ||||||||
Tenneco, Inc. |
||||||||
2022 Term Loan B, 10.477%, 3M TSFR + 5.000%, 11/17/28 |
496,000 | 422,376 | ||||||
|
|
|||||||
Beverages0.0% | ||||||||
Naked Juice LLC |
||||||||
2nd Lien Term Loan, 11.490%, 3M TSFR + 6.000%, 01/24/30 |
83,000 | 68,208 | ||||||
Term Loan, 8.740%, 3M TSFR + 3.250%, 01/24/29 |
68,826 | 65,669 | ||||||
|
|
|||||||
133,877 | ||||||||
|
|
|||||||
Building Materials0.1% | ||||||||
Chamberlain Group, Inc. |
463,095 | 457,065 | ||||||
|
|
|||||||
Chemicals0.4% | ||||||||
Aruba Investments, Inc. |
||||||||
2020 2nd Lien Term Loan, 13.166%, 1M TSFR + 7.750%, 11/24/28 |
237,600 | 222,305 | ||||||
Ascend Performance Materials Operations LLC |
16,212 | 15,922 | ||||||
Discovery Purchaser Corp. |
1,370,643 | 1,324,383 | ||||||
Lonza Group AG |
||||||||
USD Term Loan B, 9.325%, 3M TSFR + 3.925%, 07/03/28 |
377,719 | 336,170 | ||||||
Momentive Performance Materials, Inc. |
574,115 | 560,240 | ||||||
New Arclin U.S. Holding Corp. |
510,227 | 505,603 | ||||||
Nouryon Finance BV |
||||||||
USD Term Loan B, 9.427%, 1M TSFR + 4.000%, 04/03/28 |
656,355 | 651,268 | ||||||
Olympus Water U.S. Holding Corp. |
||||||||
2023 Incremental Term Loan, 10.390%, 3M TSFR + 5.000%, 11/09/28 |
68,035 | 68,018 | ||||||
|
|
|||||||
3,683,909 | ||||||||
|
|
|||||||
Commercial Services0.9% | ||||||||
AVSC Holding Corp. |
||||||||
2nd Lien Term Loan, 12.681%, 1M TSFR + 7.250%, 09/01/25 |
328,784 | 306,591 | ||||||
CoreLogic, Inc. |
||||||||
2nd Lien Term Loan, 11.931%, 1M TSFR + 6.500%, 06/04/29 |
524,226 | 440,022 | ||||||
Term Loan, 8.818%, 1M TSFR + 3.500%, 06/02/28 |
336,284 | 311,553 | ||||||
Galaxy U.S. Opco, Inc. |
344,398 | 330,191 | ||||||
GTCR W Merger Sub LLC |
||||||||
USD Term Loan B, 09/20/30 (i) |
1,178,000 | 1,178,462 | ||||||
OMNIA Partners LLC |
||||||||
Delayed Draw Term Loan, 07/25/30 (j) |
23,994 | 24,036 | ||||||
Term Loan B, 9.601%, 3M TSFR + 4.250%, 07/25/30 |
251,993 | 252,426 | ||||||
Commercial Services(Continued) | ||||||||
PECF USS Intermediate Holding III Corp. |
320,700 | 258,381 | ||||||
Sabre GLBL, Inc. |
145,697 | 128,396 | ||||||
Term Loan B2, 8.931%, 1M TSFR + 3.500%, 12/17/27 |
228,561 | 201,419 | ||||||
TruGreen LP |
||||||||
2nd Lien Term Loan, 14.131%, 3M TSFR + 8.500%, 11/02/28 |
378,000 | 257,985 | ||||||
Verscend Holding Corp. |
||||||||
2nd Lien Term Loan, 12.318%, 1M TSFR + 7.000%, 04/02/29 |
2,161,960 | 2,166,014 | ||||||
Term Loan B, 9.431%, 1M TSFR + 4.000%, 08/27/25 |
2,339,963 | 2,343,803 | ||||||
|
|
|||||||
8,199,279 | ||||||||
|
|
|||||||
Computers0.7% | ||||||||
Amentum Government Services Holdings LLC |
139,320 | 138,624 | ||||||
Magenta Buyer LLC |
||||||||
USD 1st Lien Term Loan, 10.631%, 3M TSFR + 5.000%, 07/27/28 |
1,651,202 | 1,239,580 | ||||||
USD 2nd Lien Term Loan, 13.881%, 3M TSFR + 8.250%, 07/27/29 |
1,089,000 | 506,385 | ||||||
McAfee LLC |
||||||||
USD Term Loan B, 9.180%, 1M TSFR + 3.750%, 03/01/29 |
1,430,754 | 1,401,245 | ||||||
Peraton Corp. |
||||||||
2nd Lien Term Loan B1, 13.233%, 3M TSFR + 7.750%, 02/01/29 |
1,532,017 | 1,503,291 | ||||||
Term Loan B, 9.166%, 1M TSFR + 3.750%, 02/01/28 |
1,315,923 | 1,314,141 | ||||||
|
|
|||||||
6,103,266 | ||||||||
|
|
|||||||
Cosmetics/Personal Care0.1% | ||||||||
KDC/ONE Development Corp., Inc. |
||||||||
2023 USD Term Loan B, 10.316%, 1M TSFR + 5.000%, 08/15/28 |
533,000 | 515,094 | ||||||
|
|
|||||||
Diversified Financial Services0.2% | ||||||||
AqGen Ascensus, Inc. |
485,964 | 464,096 | ||||||
Deerfield Dakota Holding LLC |
||||||||
USD 2nd Lien Term Loan, 12.402%, 3M TSFR + 6.750%, 04/07/28 |
558,000 | 529,170 | ||||||
USD Term Loan B, 9.140%, 3M TSFR + 3.750%, 04/09/27 |
526,858 | 515,882 | ||||||
|
|
|||||||
1,509,148 | ||||||||
|
|
|||||||
Electronics0.1% | ||||||||
Roper Industrial Products Investment Co. LLC |
||||||||
USD Term Loan, 9.890%, 3M TSFR + 4.500%, 11/22/29 |
669,305 | 671,516 | ||||||
|
|
|||||||
Engineering & Construction0.4% | ||||||||
Brand Industrial Services, Inc. |
||||||||
2023 Term Loan B, 10.872%, 3M TSFR + 5.500%, 08/01/30 |
3,232,000 | 3,156,248 |
BHFTI-75
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Floating Rate Loans (h)(Continued)
Security Description | Principal Amount* |
Value | ||||||
Engineering & Construction(Continued) | ||||||||
Brown Group Holding LLC |
||||||||
Incremental Term Loan B2, 9.066%, 3M TSFR + 3.750%, 07/02/29 |
318,198 | $ | 318,348 | |||||
KKR Apple Bidco LLC |
||||||||
Incremental Term Loan, 9.316%, 1M TSFR + 4.000%, 09/22/28 |
445,754 | 445,977 | ||||||
|
|
|||||||
3,920,573 | ||||||||
|
|
|||||||
Entertainment0.0% | ||||||||
Ontario Gaming GTA LP |
330,000 | 330,645 | ||||||
|
|
|||||||
Environmental Control0.1% | ||||||||
Madison IAQ LLC |
660,055 | 649,659 | ||||||
|
|
|||||||
Food0.0% | ||||||||
Chobani LLC |
128,634 | 128,875 | ||||||
|
|
|||||||
Healthcare-Products0.1% | ||||||||
Bausch & Lomb Corp. |
||||||||
2023 Incremental Term Loan, 09/14/28 (i) |
568,000 | 561,610 | ||||||
Term Loan, 8.755%, 3M TSFR + 3.250%, 05/10/27 |
682,445 | 663,800 | ||||||
|
|
|||||||
1,225,410 | ||||||||
|
|
|||||||
Healthcare-Services0.3% | ||||||||
Quorum Health Corp. |
563,516 | 395,870 | ||||||
RegionalCare Hospital Partners Holdings, Inc. |
570,333 | 569,824 | ||||||
Star Parent, Inc. |
||||||||
2023 Term Loan B, 09/19/30 (i) |
1,593,000 | 1,559,609 | ||||||
Surgery Center Holdings, Inc. |
275,683 | 276,217 | ||||||
|
|
|||||||
2,801,520 | ||||||||
|
|
|||||||
Housewares0.2% | ||||||||
Solis IV BV |
||||||||
USD Term Loan B1, 8.891%, 3M TSFR + 3.500%, 02/26/29 |
594,475 | 580,356 | ||||||
Springs Windows Fashions LLC |
1,143,585 | 974,907 | ||||||
|
|
|||||||
1,555,263 | ||||||||
|
|
|||||||
Insurance0.0% | ||||||||
Jones Deslauriers Insurance Management, Inc. |
||||||||
2023 Term Loan B, 9.615%, 3M TSFR + 4.250%, 03/15/30 |
357,000 | 359,236 | ||||||
|
|
|||||||
Internet0.4% | ||||||||
I-Logic Technologies Bidco Ltd. |
242,396 | 239,729 | ||||||
Internet(Continued) | ||||||||
MH Sub I LLC |
||||||||
2nd Lien Term Loan, 11.566%, 1M TSFR + 6.250%, 02/23/29 |
129,000 | 115,032 | ||||||
Term Loan, 9.566%, 1M TSFR + 4.250%, 05/03/28 |
1,675,800 | 1,623,790 | ||||||
Proofpoint, Inc. |
||||||||
2nd Lien Term Loan, 11.681%, 1M TSFR + 6.250%, 08/31/29 |
969,225 | 974,071 | ||||||
PUG LLC |
||||||||
USD Term Loan, 8.931%, 1M TSFR + 3.500%, 02/12/27 |
369,564 | 349,585 | ||||||
|
|
|||||||
3,302,207 | ||||||||
|
|
|||||||
Investment Companies0.0% | ||||||||
GIP Pilot Acquisition Partners LP |
339,000 | 338,576 | ||||||
|
|
|||||||
Leisure Time0.0% | ||||||||
Peloton Interactive, Inc. |
279,463 | 280,685 | ||||||
|
|
|||||||
Lodging0.1% | ||||||||
Fertitta Entertainment LLC |
738,806 | 732,761 | ||||||
|
|
|||||||
Machinery-Diversified0.4% | ||||||||
SPX Flow, Inc. |
1,035,358 | 1,034,953 | ||||||
Titan Acquisition Ltd. |
2,321,214 | 2,304,000 | ||||||
|
|
|||||||
3,338,953 | ||||||||
|
|
|||||||
Media0.3% | ||||||||
DirecTV Financing LLC |
2,235,912 | 2,187,891 | ||||||
Radiate Holdco LLC |
560,594 | 460,213 | ||||||
|
|
|||||||
2,648,104 | ||||||||
|
|
|||||||
Metal Fabricate/Hardware0.0% | ||||||||
Grinding Media, Inc. |
255,782 | 254,184 | ||||||
|
|
|||||||
Mining0.1% | ||||||||
Arsenal AIC Parent LLC |
557,000 | 556,861 | ||||||
|
|
|||||||
Oil & Gas Services0.0% | ||||||||
Lealand Finance Co. BV |
| |||||||
Make Whole Term Loan, 8.318%, 1M TSFR + 3.000%, 06/28/24 |
31,220 | 22,634 | ||||||
|
|
|||||||
Packaging & Containers0.1% | ||||||||
Mauser Packaging Solutions Holding Co. |
185,115 | 185,166 |
BHFTI-76
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Floating Rate Loans (h)(Continued)
Security Description | Principal Amount* |
Value | ||||||
Packaging & Containers(Continued) | ||||||||
Trident TPI Holdings, Inc. |
||||||||
USD Term Loan, 9.890%, 3M TSFR + 4.500%, 09/15/28 |
669,323 | $ | 669,323 | |||||
|
|
|||||||
854,489 | ||||||||
|
|
|||||||
Pharmaceuticals0.1% | ||||||||
Amneal Pharmaceuticals LLC |
186,501 | 183,646 | ||||||
Gainwell Acquisition Corp. |
617,712 | 603,813 | ||||||
|
|
|||||||
787,459 | ||||||||
|
|
|||||||
Pipelines0.1% | ||||||||
Freeport LNG Investments LLLP |
805,298 | 799,007 | ||||||
|
|
|||||||
Real Estate0.1% | ||||||||
Cushman & Wakefield U.S. Borrower LLC |
||||||||
2023 Term Loan B, 9.316%, 1M TSFR + 4.000%, 01/31/30 |
544,000 | 540,600 | ||||||
|
|
|||||||
Retail0.2% | ||||||||
SRS Distribution, Inc. |
||||||||
Incremental Term Loan, 8.916%, 1M TSFR + 3.500%, 06/02/28 |
613,969 | 608,982 | ||||||
White Cap Buyer LLC |
917,792 | 917,271 | ||||||
|
|
|||||||
1,526,253 | ||||||||
|
|
|||||||
Software2.0% | ||||||||
Ascend Learning LLC |
||||||||
2nd Lien Term Loan, 11.166%, 1M TSFR + 5.750%, 12/10/29 |
345,000 | 297,907 | ||||||
Term Loan, 8.916%, 3M TSFR + 3.500%, 12/11/28 |
416,395 | 397,657 | ||||||
Athenahealth Group, Inc. |
4,722,374 | 4,643,666 | ||||||
Banff Merger Sub, Inc. |
||||||||
2021 USD Term Loan, 9.181%, 1M TSFR + 3.750%, 10/02/25 |
180,633 | 180,658 | ||||||
USD 2nd Lien Term Loan, 10.931%, 1M TSFR + 5.500%, 02/27/26 |
1,141,000 | 1,141,000 | ||||||
CDK Global, Inc. |
||||||||
USD Term Loan B, 9.640%, 3M TSFR + 4.250%, 07/06/29 |
265,990 | 266,350 | ||||||
Cloud Software Group, Inc. |
||||||||
USD Term Loan, 9.990%, 3M TSFR + 4.500%, 03/30/29 |
2,060,717 | 1,985,629 | ||||||
Cloudera, Inc. |
||||||||
2nd Lien Term Loan, 11.416%, 1M TSFR + 6.000%, 10/08/29 |
941,564 | 897,624 | ||||||
Term Loan, 9.166%, 1M TSFR + 3.750%, 10/08/28 |
549,232 | 543,190 | ||||||
Epicor Software Corp. |
||||||||
2nd Lien Term Loan, 13.166%, 1M TSFR + 7.750%, 07/31/28 |
210,000 | 211,334 | ||||||
Term Loan, 8.681%, 1M TSFR + 3.250%, 07/30/27 |
268,049 | 268,113 | ||||||
Helios Software Holdings, Inc. |
||||||||
USD Term Loan B, 9.290%, 3M TSFR + 3.750%, 03/11/28 |
213,374 | 211,741 | ||||||
Security Description | Shares/ Principal Amount* |
Value | ||||||
Software(Continued) | ||||||||
Planview Parent, Inc. |
||||||||
2nd Lien Term Loan, 12.740%, 3M TSFR + 7.250%, 12/18/28 |
370,000 | 336,700 | ||||||
Polaris Newco LLC |
||||||||
USD Term Loan B, 9.431%, 1M TSFR + 4.000%, 06/02/28 |
610,738 | 586,309 | ||||||
Realpage, Inc. |
||||||||
2nd Lien Term Loan, 11.931%, 1M TSFR + 6.500%, 04/23/29 |
1,610,154 | 1,618,707 | ||||||
Sophia LP |
||||||||
2nd Lien Term Loan, 13.416%, 1M TSFR + 8.000%, 10/09/28 |
1,828,000 | 1,839,425 | ||||||
Term Loan B, 8.816%, 1M TSFR + 3.500%, 10/07/27 |
704,228 | 703,700 | ||||||
Sovos Compliance LLC |
468,323 | 461,562 | ||||||
Ultimate Software Group, Inc. |
||||||||
2021 2nd Lien Term Loan, 10.618%, 3M TSFR + 5.250%, 05/03/27 |
1,214,500 | 1,214,934 | ||||||
Term Loan B, 9.219%, 3M TSFR + 3.750%, 05/04/26 |
227,887 | 227,997 | ||||||
|
|
|||||||
18,034,203 | ||||||||
|
|
|||||||
Telecommunications0.5% | ||||||||
Altice France SA |
||||||||
USD Term Loan B14, 10.808%, 3M TSFR + 5.500%, 08/15/28 |
284,623 | 258,385 | ||||||
Delta TopCo, Inc. |
456,737 | 453,029 | ||||||
Digicel International Finance Ltd. |
||||||||
Exit Term Loan B, 8.981%, 6M LIBOR + 3.250%, 05/28/24 |
1,517,404 | 1,375,147 | ||||||
Intelsat Jackson Holdings SA |
||||||||
Exit Term Loan B, 9.772%, 3M TSFR + 4.250%, 02/01/29 |
1,298,257 | 1,297,953 | ||||||
ViaSat, Inc. |
||||||||
2023 Term Loan, 05/30/30 (i) |
672,000 | 638,400 | ||||||
Zayo Group Holdings, Inc. |
||||||||
USD Term Loan, 8.431%, 1M TSFR + 3.000%, 03/09/27 |
844,358 | 689,543 | ||||||
|
|
|||||||
4,712,457 | ||||||||
|
|
|||||||
Transportation0.1% | ||||||||
Forward Air Corp. |
568,000 | 555,694 | ||||||
|
|
|||||||
Total Floating Rate Loans |
77,687,581 | |||||||
|
|
|||||||
Common Stocks0.5% |
| |||||||
Chemicals0.1% | ||||||||
Element Solutions, Inc. |
23,823 | 467,169 | ||||||
|
|
|||||||
Containers & Packaging0.0% | ||||||||
Ardagh Metal Packaging SA |
75,788 | 237,217 | ||||||
|
|
|||||||
Energy Equipment & Services0.0% | ||||||||
Nine Energy Service, Inc. (a) (k) |
1,095 | 4,512 | ||||||
|
|
|||||||
Financial Services0.0% | ||||||||
Block, Inc. (k) |
2,424 | 107,286 | ||||||
|
|
BHFTI-77
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares/ Principal Amount* |
Value | ||||||
Ground Transportation0.0% | ||||||||
Uber Technologies, Inc. (k) |
8,003 | $ | 368,058 | |||||
|
|
|||||||
Hotels, Restaurants & Leisure0.1% | ||||||||
Aramark |
8,912 | 309,246 | ||||||
Carnival Corp. (a) (k) |
31,083 | 426,459 | ||||||
|
|
|||||||
735,705 | ||||||||
|
|
|||||||
IT Services0.0% | ||||||||
Twilio, Inc. - Class A (k) |
1,208 | 70,704 | ||||||
|
|
|||||||
Metals & Mining0.1% | ||||||||
Constellium SE (k) |
71,641 | 1,303,866 | ||||||
|
|
|||||||
Pharmaceuticals0.1% | ||||||||
Catalent, Inc. (a) (k) |
14,942 | 680,309 | ||||||
|
|
|||||||
Real Estate Management & Development0.0% | ||||||||
ADLER Group SA (f) (k) |
2,353 | 1,167 | ||||||
ADLER Group SA (k) |
5,211 | 2,667 | ||||||
|
|
|||||||
3,834 | ||||||||
|
|
|||||||
Software0.1% | ||||||||
Informatica, Inc. - Class A (k) |
27,646 | 582,501 | ||||||
|
|
|||||||
Total Common Stocks |
4,561,161 | |||||||
|
|
|||||||
Convertible Bonds0.2% |
| |||||||
Commercial Services0.0% | ||||||||
Nexi SpA |
||||||||
Zero Coupon, 02/24/28 (EUR) |
200,000 | 160,698 | ||||||
|
|
|||||||
Computers0.0% | ||||||||
Atos SE |
||||||||
Zero Coupon, 11/06/24 (EUR) |
200,000 | 176,742 | ||||||
|
|
|||||||
Engineering & Construction0.0% | ||||||||
Cellnex Telecom SA |
100,000 | 81,086 | ||||||
2.125%, 08/11/30 (EUR) |
100,000 | 100,496 | ||||||
|
|
|||||||
181,582 | ||||||||
|
|
|||||||
Internet0.1% | ||||||||
Uber Technologies, Inc. |
||||||||
Zero Coupon, 12/15/25 |
777,000 | 724,876 | ||||||
|
|
|||||||
Media0.1% | ||||||||
Cable One, Inc. |
||||||||
Zero Coupon, 03/15/26 |
230,000 | 188,140 | ||||||
1.125%, 03/15/28 |
532,000 | 395,808 | ||||||
|
|
|||||||
583,948 | ||||||||
|
|
|||||||
Total Convertible Bonds |
1,827,846 | |||||||
|
|
|||||||
Escrow Shares0.0% |
| |||||||
Security Description | Principal Amount* |
Value | ||||||
Diversified Financial Services0.0% | ||||||||
Lehman Brothers Holdings, Inc. |
2,229,000 | $ | 3,343 | |||||
|
|
|||||||
Total Escrow Shares |
3,343 | |||||||
|
|
|||||||
Short-Term Investment1.4% |
| |||||||
Repurchase Agreement1.4% | ||||||||
Fixed Income Clearing Corp. |
12,329,559 | 12,329,559 | ||||||
|
|
|||||||
Total Short-Term Investments |
12,329,559 | |||||||
|
|
|||||||
Securities Lending Reinvestments (l)7.6% |
| |||||||
Certificates of Deposit1.7% | ||||||||
Bank of Montreal |
1,000,000 | 1,000,643 | ||||||
Bank of Nova Scotia |
1,000,000 | 1,000,075 | ||||||
Barclays Bank PLC |
1,000,000 | 1,000,072 | ||||||
BNP Paribas SA |
1,000,000 | 999,952 | ||||||
Canadian Imperial Bank of Commerce (NY) |
1,000,000 | 1,000,098 | ||||||
Citibank N.A. |
1,000,000 | 1,000,075 | ||||||
Mitsubishi UFJ Trust & Banking Corp. |
||||||||
Zero Coupon, 10/20/23 |
1,000,000 | 996,900 | ||||||
Mizuho Bank Ltd. |
1,000,000 | 1,000,049 | ||||||
Nordea Bank Abp |
1,000,000 | 1,000,152 | ||||||
Oversea-Chinese Banking Corp. Ltd. |
1,000,000 | 1,000,146 | ||||||
Royal Bank of Canada |
1,000,000 | 1,000,770 | ||||||
Sumitomo Mitsui Banking Corp. |
1,000,000 | 1,000,931 | ||||||
Sumitomo Mitsui Trust Bank Ltd. |
1,000,000 | 1,000,053 | ||||||
Toronto-Dominion Bank |
1,000,000 | 1,000,095 | ||||||
Wells Fargo Bank N.A. |
1,000,000 | 1,000,360 | ||||||
|
|
|||||||
15,000,371 | ||||||||
|
|
|||||||
Commercial Paper0.2% | ||||||||
National Australia Bank Ltd. |
1,000,000 | 1,000,220 |
BHFTI-78
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (l)(Continued)
Security Description | Principal Amount* |
Value | ||||||
Commercial Paper(Continued) | ||||||||
UBS AG |
1,000,000 | $ | 1,000,000 | |||||
|
|
|||||||
2,000,220 | ||||||||
|
|
|||||||
Repurchase Agreements2.3% | ||||||||
Cantor Fitzgerald & Co. |
2,000,000 | 2,000,000 | ||||||
Citigroup Global Markets, Inc. |
1,200,000 | 1,200,000 | ||||||
ING Financial Markets LLC |
8,614,056 | 8,614,056 | ||||||
National Bank Financial, Inc. |
1,000,000 | 1,000,000 | ||||||
National Bank of Canada |
1,800,000 | 1,800,000 | ||||||
NBC Global Finance Ltd. |
5,000,000 | 5,000,000 | ||||||
Societe Generale |
400,000 | 400,000 | ||||||
TD Prime Services LLC |
1,000,000 | 1,000,000 | ||||||
|
|
|||||||
21,014,056 | ||||||||
|
|
|||||||
Mutual Funds3.4% | ||||||||
Allspring Government Money Market Fund, Select Class 5.270% (m) |
1,000,000 | 1,000,000 | ||||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class |
7,000,000 | 7,000,000 | ||||||
Fidelity Investments Money Market Government Portfolio, Class I 5.230% (m) |
1,000,000 | 1,000,000 | ||||||
Goldman Sachs Financial Square Government Fund, Institutional Shares |
7,000,000 | 7,000,000 | ||||||
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares |
5,000,000 | 5,000,000 | ||||||
RBC U.S. Government Money Market Fund, Institutional Shares |
1,000,000 | 1,000,000 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class |
4,000,000 | 4,000,000 | ||||||
STIT-Government & Agency Portfolio, Institutional Class |
5,000,000 | 5,000,000 | ||||||
|
|
|||||||
31,000,000 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
69,014,647 | |||||||
|
|
|||||||
Total Purchased Options0.0% (n) |
4,130 | |||||||
Total Investments107.2% |
971,295,080 | |||||||
Unfunded Loan Commitments(0.0)% |
(36,994 | ) | ||||||
Net Investments107.2% |
971,258,086 | |||||||
Other assets and liabilities (net)(7.2)% |
(64,911,456 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 906,346,630 | ||||||
|
|
* | Principal and notional amounts stated in U.S. dollars unless otherwise noted. | |||
| Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2023, the market value of restricted securities was $2,187,853, which is 0.2% of net assets. See details shown in the Restricted Securities table that follows. | |||
(a) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $85,594,387 and the collateral received consisted of cash in the amount of $69,001,412 and non-cash collateral with a value of $19,921,610. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
(b) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon |
BHFTI-79
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | ||||
(c) | Payment-in-kind security for which part of the income earned may be paid as additional principal. | |||
(d) | Non-income producing; security is in default and/or issuer is in bankruptcy. | |||
(e) | Security is a step-up bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate. | |||
(f) | Security was valued in good faith under procedures subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent less than 0.05% of net assets. | |||
(g) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |||
(h) | Floating rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will generally have an expected average life of approximately two to four years. Senior Loans typically have rates of | |||
interest which are determined periodically by reference to a base lending rate, plus a spread. These base rates are primarily the London Interbank Offered Rate and secondarily, the prime rate offered by one or more major United States banks. Base lending rates may be subject to a floor, or a minimum rate. | ||||
(i) | This loan will settle after September 30, 2023, at which time the interest rate will be determined. | |||
(j) | Unfunded or partially unfunded loan commitments. The Portfolio may enter into certain credit agreements for which all or a portion may be unfunded. The Portfolio is obligated to fund these commitments at the borrowers discretion. | |||
(k) | Non-income producing security. | |||
(l) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(m) | The rate shown represents the annualized seven-day yield as of September 30, 2023. | |||
(n) | For a breakout of open positions, see details shown in the Purchased Options table that follows. | |||
(144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $665,697,670, which is 73.4% of net assets. |
Restricted Securities |
Acquisition Date |
Shares/ Principal Amount |
Cost | Value | ||||||||||||
ADLER Group SA |
04/26/23 | 2,353 | $ | 3 | $ | 1,167 | ||||||||||
Dream Finders Homes, Inc., 8.250%, 08/15/28 |
08/08/23 | 320,000 | 320,000 | 322,166 | ||||||||||||
Global Aircraft Leasing Co. Ltd., 6.500%, 09/15/24 |
07/26/19-09/15/22 | 762,226 | 773,451 | 726,020 | ||||||||||||
ION Trading Technologies Sarl, 5.750%, 05/15/28 |
05/03/21-10/14/21 | 706,000 | 712,000 | 615,575 | ||||||||||||
Quorum Health Corp., 13.631%, 04/29/25 |
07/07/20-07/10/23 | 563,516 | 556,506 | 395,870 | ||||||||||||
Tele Columbus AG, 3.875%, 05/02/25 |
12/14/21-01/24/22 | 209,000 | 233,423 | 127,055 | ||||||||||||
|
|
|||||||||||||||
$ | 2,187,853 | |||||||||||||||
|
|
Forward Foreign Currency Exchange Contracts
Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
GBP | 86,000 | NWM |
10/04/23 | USD | 104,880 | $ | 49 | |||||||||||||||
Contracts to Deliver |
||||||||||||||||||||||
EUR | 2,000 | BMO |
12/20/23 | USD | 2,160 | 37 | ||||||||||||||||
EUR | 200,000 | DBAG |
12/20/23 | USD | 213,581 | 1,356 | ||||||||||||||||
EUR | 100,000 | DBAG |
12/20/23 | USD | 107,350 | 1,237 | ||||||||||||||||
EUR | 78,000 | DBAG |
12/20/23 | USD | 83,639 | 871 | ||||||||||||||||
EUR | 200,000 | JPMC |
12/20/23 | USD | 213,565 | 1,340 | ||||||||||||||||
EUR | 7,564,644 | TDB |
12/20/23 | USD | 8,106,992 | 79,950 | ||||||||||||||||
EUR | 93,000 | TDB |
12/20/23 | USD | 99,536 | 851 | ||||||||||||||||
EUR | 13,256,356 | UBSA |
12/20/23 | USD | 14,201,600 | 134,934 | ||||||||||||||||
GBP | 86,000 | BNP |
12/20/23 | USD | 106,976 | 1,990 | ||||||||||||||||
GBP | 3,000,000 | BBP |
12/20/23 | USD | 3,714,891 | 52,601 | ||||||||||||||||
GBP | 86,000 | NWM |
12/20/23 | USD | 104,923 | (63 | ) | |||||||||||||||
|
|
|||||||||||||||||||||
Net Unrealized Appreciation |
|
$ | 275,153 | |||||||||||||||||||
|
|
BHFTI-80
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Futures Contracts
Futures ContractsLong |
Expiration Date |
Number of Contracts |
Notional Amount |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
U.S. Treasury Note 5 Year Futures |
12/29/23 | 135 | USD | 14,223,516 | $ | (106,078 | ) | |||||||||||||
|
|
Purchased Options
Options on Exchange-Traded Futures Contracts |
Strike Price |
Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Paid |
Market Value |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||||||
Put - Euro STOXX 50 Index Futures Contracts |
EUR | 4,100.000 | 11/17/23 | 7 | EUR | 70 | $ | 3,811 | $ | 4,130 | $ | 319 | ||||||||||||||||||||||||
|
|
|
|
|
|
Written Options
Options on Exchange-Traded Futures Contracts |
Strike Price |
Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Received |
Market Value |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||||||
Put - Euro STOXX 50 Index Futures Contracts |
EUR | 3,900.000 | 11/17/23 | (7 | ) | EUR | (70 | ) | $ | (1,689 | ) | $ | (1,761 | ) | $ | (72 | ) | |||||||||||||||||||
|
|
|
|
|
|
Swap Agreements
Centrally Cleared Credit Default Swaps on Credit IndicesSell Protection (a)
Reference Obligation |
Fixed Deal Receive Rate |
Payment Frequency |
Maturity Date |
Implied Credit Spread at September 30, 2023(b) |
Notional Amount(c) |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||||
CDX.NA.HY.41.V1 |
5.000 | % | Quarterly | 12/20/28 | 4.781 | % | USD | 9,000,000 | $ | 95,454 | $ | 104,199 | $ | (8,745 | ) | |||||||||||||||||||||
|
|
|
|
|
|
OTC Credit Default Swaps on Corporate IssuesBuy Protection (d)
Reference Obligation |
Fixed Deal (Pay) Rate |
Payment Frequency |
Maturity Date |
Counterparty | Implied Credit Spread at September 30, 2023(b) |
Notional Amount(c) |
Market Value |
Upfront Premium Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||||||
Intrum AB |
(5.000 | %) | Quarterly | 06/20/28 | JPMC | 10.711 | % | EUR | 94,000 | $ | 18,582 | $ | 20,950 | $ | (2,368 | ) | ||||||||||||||||||||||
|
|
|
|
|
|
OTC Credit Default Swaps on Corporate IssuesSell Protection (a)
Reference Obligation |
Fixed Deal Receive Rate |
Payment Frequency |
Maturity Date |
Counterparty | Implied Credit Spread at September 30, 2023(b) |
Notional Amount(c) |
Market Value |
Upfront Premium Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||||||
ADLER Real Estate AG |
5.000 | % | Quarterly | 12/20/27 | BBP | 12.398 | % | EUR | 1,762 | $ | (322 | ) | $ | (339 | ) | $ | 17 | |||||||||||||||||||||
ADLER Real Estate AG |
5.000 | % | Quarterly | 12/20/27 | BBP | 12.398 | % | EUR | 4,952 | (904 | ) | (952 | ) | 48 | ||||||||||||||||||||||||
ADLER Real Estate AG |
5.000 | % | Quarterly | 12/20/27 | CBNA | 12.398 | % | EUR | 1,437 | (262 | ) | (284 | ) | 22 | ||||||||||||||||||||||||
ADLER Real Estate AG |
5.000 | % | Quarterly | 12/20/27 | JPMC | 12.398 | % | EUR | 1,849 | (338 | ) | (360 | ) | 22 | ||||||||||||||||||||||||
CMA CGM SA |
5.000 | % | Quarterly | 06/20/27 | CSI | 1.457 | % | EUR | 77,000 | 9,782 | 2,656 | 7,126 | ||||||||||||||||||||||||||
Intrum AB |
5.000 | % | Quarterly | 12/20/26 | CSI | 10.535 | % | EUR | 100,000 | (14,994 | ) | 5,388 | (20,382 | ) |
BHFTI-81
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
OTC Credit Default Swaps on Corporate IssuesSell Protection (a)(Continued)
Reference Obligation |
Fixed Deal Receive Rate |
Payment Frequency |
Maturity Date |
Counterparty | Implied Credit Spread at September 30, 2023(b) |
Notional Amount(c) |
Market Value |
Upfront Premium Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||||||
Jaguar Land Rover Automotive PLC |
5.000 | % | Quarterly | 12/20/26 | BBP | 3.982 | % | EUR | 25,380 | $ | 431 | $ | 735 | $ | (304 | ) | ||||||||||||||||||||||
Jaguar Land Rover Automotive PLC |
5.000 | % | Quarterly | 12/20/26 | CSI | 3.982 | % | EUR | 24,671 | 419 | 756 | (337 | ) | |||||||||||||||||||||||||
Ladbrokes Group Finance PLC |
1.000 | % | Quarterly | 06/20/28 | JPMC | 1.753 | % | EUR | 15,000 | (706 | ) | (986 | ) | 280 | ||||||||||||||||||||||||
Ladbrokes Group Finance PLC |
1.000 | % | Quarterly | 06/20/27 | JPMC | 1.460 | % | EUR | 30,000 | (778 | ) | (2,482 | ) | 1,704 | ||||||||||||||||||||||||
Ladbrokes Group Finance PLC |
1.000 | % | Quarterly | 06/20/27 | JPMC | 1.460 | % | EUR | 110,000 | (2,854 | ) | (19,461 | ) | 16,607 | ||||||||||||||||||||||||
Rolls Royce PLC |
1.000 | % | Quarterly | 06/20/25 | CBNA | 0.809 | % | EUR | 10,755 | 16 | (670 | ) | 686 | |||||||||||||||||||||||||
ThyssenKrupp AG |
5.000 | % | Quarterly | 12/20/23 | BBP | 0.256 | % | EUR | 50,000 | 568 | 155 | 413 | ||||||||||||||||||||||||||
United Group BV |
5.000 | % | Quarterly | 12/20/27 | JPMC | 5.359 | % | EUR | 41,000 | (1,129 | ) | (5,790 | ) | 4,661 | ||||||||||||||||||||||||
Virgin Media Finance PLC |
5.000 | % | Quarterly | 12/20/25 | JPMC | 1.941 | % | EUR | 30,000 | 2,073 | 1,991 | 82 | ||||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||
Totals |
|
$ | (8,998 | ) | $ | (19,643 | ) | $ | 10,645 | |||||||||||||||||||||||||||||
|
|
|
|
|
|
(a) | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | |||
(b) | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or indices as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entitys credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as Defaulted indicates a credit event has occurred for the referenced entity or obligation. | |||
(c) | The maximum potential amount of future undiscounted payments that the Portfolio could be required to make under a credit default swap contract would be the notional amount of the contract. These potential amounts would be partially offset by any recovery values of the referenced debt obligation or net amounts received from the settlement of purchased protection credit default swap contracts entered into by the Portfolio for the same referenced debt obligation. | |||
(d) | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
Glossary of Abbreviations
Counterparties
(BBP) | Barclays Bank PLC | |||
(BMO) | Bank of Montreal | |||
(BNP) | BNP Paribas SA | |||
(CBNA) | Citibank N.A. | |||
(CSI) | Credit Suisse International | |||
(DBAG) | Deutsche Bank AG | |||
(JPMC) | JPMorgan Chase Bank N.A. | |||
(NWM) | NatWest Markets PLC | |||
(TDB) | Toronto Dominion Bank | |||
(UBSA) | UBS AG |
Currencies
(EUR) | Euro | |||
(GBP) | British Pound | |||
(USD) | United States Dollar |
Index Abbreviations
(CDX.NA.HY) | Markit North America High Yield CDS Index | |||
(EURIBOR) | Euro InterBank Offered Rate | |||
(FEDEFF PRV) | Effective Federal Funds Rate | |||
(H15) | U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index | |||
(LIBOR) | London Interbank Offered Rate | |||
(SOFR) | Secured Overnight Financing Rate | |||
(SONIA) | Sterling Overnight Index Average Deposit Rate | |||
(TSFR) | Term Secured Overnight Financing Rate | |||
(UKG) | U.K. Government Bond |
Other Abbreviations
(DAC) | Designated Activity Company | |||
(REIT) | Real Estate Investment Trust |
BHFTI-82
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Corporate Bonds & Notes |
| |||||||||||||||
Advertising |
$ | | $ | 10,473,824 | $ | | $ | 10,473,824 | ||||||||
Aerospace/Defense |
| 35,254,751 | | 35,254,751 | ||||||||||||
Agriculture |
| 1,103,890 | | 1,103,890 | ||||||||||||
Airlines |
| 8,322,014 | | 8,322,014 | ||||||||||||
Apparel |
| 2,228,432 | | 2,228,432 | ||||||||||||
Auto Manufacturers |
| 12,390,480 | | 12,390,480 | ||||||||||||
Auto Parts & Equipment |
| 13,919,546 | | 13,919,546 | ||||||||||||
Banks |
| 15,218,248 | | 15,218,248 | ||||||||||||
Biotechnology |
| 107,419 | | 107,419 | ||||||||||||
Building Materials |
| 13,346,609 | | 13,346,609 | ||||||||||||
Chemicals |
| 19,654,302 | | 19,654,302 | ||||||||||||
Commercial Services |
| 50,102,787 | | 50,102,787 | ||||||||||||
Computers |
| 9,821,174 | | 9,821,174 | ||||||||||||
Cosmetics/Personal Care |
| 845,856 | | 845,856 | ||||||||||||
Distribution/Wholesale |
| 1,598,305 | | 1,598,305 | ||||||||||||
Diversified Financial Services |
| 23,185,519 | | 23,185,519 | ||||||||||||
Electric |
| 10,701,613 | | 10,701,613 | ||||||||||||
Electrical Components & Equipment |
| 1,824,819 | | 1,824,819 | ||||||||||||
Electronics |
| 4,184,266 | | 4,184,266 | ||||||||||||
Energy-Alternate Sources |
| 166,608 | | 166,608 | ||||||||||||
Engineering & Construction |
| 5,618,079 | | 5,618,079 | ||||||||||||
Entertainment |
| 35,652,609 | | 35,652,609 | ||||||||||||
Environmental Control |
| 10,549,809 | | 10,549,809 | ||||||||||||
Food |
| 15,501,386 | | 15,501,386 | ||||||||||||
Food Service |
| 2,558,444 | | 2,558,444 | ||||||||||||
Forest Products & Paper |
| 88,624 | | 88,624 | ||||||||||||
Gas |
| 928,613 | | 928,613 | ||||||||||||
Hand/Machine Tools |
| 2,947,902 | | 2,947,902 | ||||||||||||
Healthcare-Products |
| 10,961,134 | | 10,961,134 | ||||||||||||
Healthcare-Services |
| 26,214,483 | | 26,214,483 | ||||||||||||
Home Builders |
| 3,869,258 | | 3,869,258 | ||||||||||||
Home Furnishings |
| 676,735 | | 676,735 | ||||||||||||
Household Products/Wares |
| 990,057 | | 990,057 | ||||||||||||
Housewares |
| 1,790,065 | | 1,790,065 | ||||||||||||
Insurance |
| 24,321,108 | | 24,321,108 | ||||||||||||
Internet |
| 12,403,153 | | 12,403,153 | ||||||||||||
Investment Companies |
| 6,484,391 | | 6,484,391 | ||||||||||||
Iron/Steel |
| 7,826,540 | | 7,826,540 | ||||||||||||
Leisure Time |
| 27,834,465 | | 27,834,465 | ||||||||||||
Lodging |
| 8,809,503 | | 8,809,503 | ||||||||||||
Machinery-Construction & Mining |
| 3,419,120 | | 3,419,120 | ||||||||||||
Machinery-Diversified |
| 11,992,380 | | 11,992,380 |
BHFTI-83
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy(Continued)
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Media |
$ | | $ | 42,026,409 | $ | | $ | 42,026,409 | ||||||||
Metal Fabricate/Hardware |
| 2,536,244 | | 2,536,244 | ||||||||||||
Mining |
| 13,225,227 | | 13,225,227 | ||||||||||||
Miscellaneous Manufacturing |
| 1,338,240 | | 1,338,240 | ||||||||||||
Oil & Gas |
| 65,082,062 | | 65,082,062 | ||||||||||||
Oil & Gas Services |
| 7,326,486 | | 7,326,486 | ||||||||||||
Packaging & Containers |
| 28,400,247 | | 28,400,247 | ||||||||||||
Pharmaceuticals |
| 8,699,295 | | 8,699,295 | ||||||||||||
Pipelines |
| 39,429,807 | | 39,429,807 | ||||||||||||
Real Estate |
| 3,570,993 | 0 | 3,570,993 | ||||||||||||
Real Estate Investment Trusts |
| 18,955,715 | | 18,955,715 | ||||||||||||
Retail |
| 20,958,152 | | 20,958,152 | ||||||||||||
Semiconductors |
| 5,990,078 | | 5,990,078 | ||||||||||||
Software |
| 42,868,317 | | 42,868,317 | ||||||||||||
Telecommunications |
| 42,694,999 | | 42,694,999 | ||||||||||||
Toys/Games/Hobbies |
| 968,021 | | 968,021 | ||||||||||||
Transportation |
| 1,363,845 | | 1,363,845 | ||||||||||||
Trucking & Leasing |
| 4,544,356 | | 4,544,356 | ||||||||||||
Total Corporate Bonds & Notes |
| 805,866,813 | 0 | 805,866,813 | ||||||||||||
Total Floating Rate Loans (Less Unfunded Loan Commitments of $36,994)* |
| 77,650,587 | | 77,650,587 | ||||||||||||
Common Stocks |
| |||||||||||||||
Chemicals |
467,169 | | | 467,169 | ||||||||||||
Containers & Packaging |
237,217 | | | 237,217 | ||||||||||||
Energy Equipment & Services |
4,512 | | | 4,512 | ||||||||||||
Financial Services |
107,286 | | | 107,286 | ||||||||||||
Ground Transportation |
368,058 | | | 368,058 | ||||||||||||
Hotels, Restaurants & Leisure |
735,705 | | | 735,705 | ||||||||||||
IT Services |
70,704 | | | 70,704 | ||||||||||||
Metals & Mining |
1,303,866 | | | 1,303,866 | ||||||||||||
Pharmaceuticals |
680,309 | | | 680,309 | ||||||||||||
Real Estate Management & Development |
| 3,834 | | 3,834 | ||||||||||||
Software |
582,501 | | | 582,501 | ||||||||||||
Total Common Stocks |
4,557,327 | 3,834 | | 4,561,161 | ||||||||||||
Total Convertible Bonds* |
| 1,827,846 | | 1,827,846 | ||||||||||||
Total Escrow Shares* |
| 3,343 | | 3,343 | ||||||||||||
Total Short-Term Investment* |
| 12,329,559 | | 12,329,559 | ||||||||||||
Securities Lending Reinvestments |
| |||||||||||||||
Certificates of Deposit |
| 15,000,371 | | 15,000,371 | ||||||||||||
Commercial Paper |
| 2,000,220 | | 2,000,220 | ||||||||||||
Repurchase Agreements |
| 21,014,056 | | 21,014,056 | ||||||||||||
Mutual Funds |
31,000,000 | | | 31,000,000 | ||||||||||||
Total Securities Lending Reinvestments |
31,000,000 | 38,014,647 | | 69,014,647 | ||||||||||||
Total Purchased Options at Value |
4,130 | | | 4,130 | ||||||||||||
Total Net Investments |
$ | 35,561,457 | $ | 935,696,629 | $ | 0 | $ | 971,258,086 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (69,001,412 | ) | $ | | $ | (69,001,412 | ) | ||||||
Forward Contracts |
| |||||||||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | | $ | 275,216 | $ | | $ | 275,216 | ||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
| (63 | ) | | (63 | ) | ||||||||||
Total Forward Contracts |
$ | | $ | 275,153 | $ | | $ | 275,153 | ||||||||
Futures Contracts |
| |||||||||||||||
Futures Contracts (Unrealized Depreciation) |
$ | (106,078 | ) | $ | | $ | | $ | (106,078 | ) | ||||||
Total Written Options at Value |
$ | (1,761 | ) | $ | | $ | | $ | (1,761 | ) | ||||||
Centrally Cleared Swap Contracts |
| |||||||||||||||
Centrally Cleared Swap Contracts (Unrealized Depreciation) |
$ | | $ | (8,745 | ) | $ | | $ | (8,745 | ) |
BHFTI-84
Table of Contents
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy(Continued)
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
OTC Swap Contracts |
| |||||||||||||||
OTC Swap Contracts at Value (Assets) |
$ | | $ | 31,871 | $ | | $ | 31,871 | ||||||||
OTC Swap Contracts at Value (Liabilities) |
| (22,287 | ) | | (22,287 | ) | ||||||||||
Total OTC Swap Contracts |
$ | | $ | 9,584 | $ | | $ | 9,584 |
* | See Schedule of Investments for additional detailed categorizations. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2023 is not presented.
BHFTI-85
Table of Contents
Brighthouse Funds Trust I
Brighthouse Asset Allocation 100 Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Mutual Funds100.0% of Net Assets
Security Description | Shares | Value | ||||||
Affiliated Investment Companies100.0% | ||||||||
Allspring Mid Cap Value Portfolio (Class A) (a) |
1,505,582 | $ | 15,477,378 | |||||
Baillie Gifford International Stock Portfolio (Class A) (b) |
7,303,508 | 66,388,884 | ||||||
BlackRock Capital Appreciation Portfolio (Class A) (b) |
1,877,786 | 58,662,031 | ||||||
Brighthouse Small Cap Value Portfolio (Class A) (a) |
3,710,446 | 46,528,988 | ||||||
Brighthouse/abrdn Emerging Markets Equity Portfolio (Class A) (a) |
4,969,723 | 40,702,035 | ||||||
Brighthouse/Artisan International Portfolio (Class A) (a) |
6,981,413 | 65,415,841 | ||||||
Brighthouse/Artisan Mid Cap Value Portfolio (Class A) (b) |
39,979 | 7,818,202 | ||||||
Brighthouse/Dimensional International Small Company Portfolio (Class A) (b) |
8,423,745 | 76,740,314 | ||||||
Brighthouse/Wellington Core Equity Opportunities Portfolio (Class A) (b) |
2,979,705 | 77,055,160 | ||||||
Brighthouse/Wellington Large Cap Research Portfolio (Class A) (a) |
4,775,777 | 58,551,021 | ||||||
CBRE Global Real Estate Portfolio (Class A) (a) |
4,895,707 | 43,865,536 | ||||||
Frontier Mid Cap Growth Portfolio (Class A) (b) (c) |
681,044 | 15,405,211 | ||||||
Harris Oakmark International Portfolio (Class A) (a) |
6,988,122 | 83,997,221 | ||||||
Invesco Comstock Portfolio (Class A) (a) |
7,672,955 | 90,310,678 | ||||||
Invesco Global Equity Portfolio (Class A) (a) |
1,870,765 | 39,042,871 | ||||||
Invesco Small Cap Growth Portfolio (Class A) (a) (c) |
3,627,468 | 26,915,816 | ||||||
Jennison Growth Portfolio (Class A) (b) (c) |
7,004,707 | 86,297,990 | ||||||
JPMorgan Small Cap Value Portfolio (Class A) (a) |
3,168,145 | 31,301,275 | ||||||
Loomis Sayles Growth Portfolio (Class A) (a) |
7,170,517 | 97,447,320 | ||||||
Loomis Sayles Small Cap Growth Portfolio (Class A) (b) (c) |
4,323,660 | 42,501,579 | ||||||
MFS Research International Portfolio (Class A) (a) |
4,688,847 | 51,999,310 | ||||||
MFS Value Portfolio (Class A) (b) |
7,623,250 | 96,967,737 | ||||||
Morgan Stanley Discovery Portfolio (Class A) (a) (c) |
1,585,914 | 7,548,950 | ||||||
Neuberger Berman Genesis Portfolio (Class A) (b) |
1,056,505 | 17,886,634 | ||||||
SSGA Emerging Markets Enhanced Index Portfolio (Class A) (a) |
3,871,332 | 35,112,980 | ||||||
T. Rowe Price Large Cap Growth Portfolio (Class A) (b) (c) |
4,903,378 | 90,124,095 | ||||||
T. Rowe Price Large Cap Value Portfolio (Class A) (a) |
3,757,775 | 88,946,535 | ||||||
T. Rowe Price Mid Cap Growth Portfolio (Class A) (a) |
1,378,749 | 11,746,945 | ||||||
T. Rowe Price Small Cap Growth Portfolio (Class A) (b) |
1,541,771 | 27,227,672 | ||||||
VanEck Global Natural Resources Portfolio (Class A) (b) |
2,576,173 | 30,862,550 | ||||||
Victory Sycamore Mid Cap Value Portfolio (Class A) (a) |
645,223 | 11,336,577 | ||||||
|
|
|||||||
Total Mutual Funds |
1,540,185,336 | |||||||
|
|
|||||||
Total Investments100.0% |
1,540,185,336 | |||||||
Other assets and liabilities (net)0.0% |
(534,592 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 1,539,650,744 | ||||||
|
|
(a) | A Portfolio of Brighthouse Funds Trust I. | |||
(b) | A Portfolio of Brighthouse Funds Trust II. | |||
(c) | Non-income producing security. |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Mutual Funds | ||||||||||||||||
Affiliated Investment Companies |
$ | 1,540,185,336 | $ | | $ | | $ | 1,540,185,336 | ||||||||
Total Investments |
$ | 1,540,185,336 | $ | | $ | | $ | 1,540,185,336 | ||||||||
BHFTI-86
Table of Contents
Brighthouse Funds Trust I
Brighthouse Balanced Plus Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Mutual Funds71.0% of Net Assets
Security Description | Shares |
Value | ||||||
Affiliated Investment Companies71.0% | ||||||||
AB International Bond Portfolio (Class A) (a) |
12,628,889 | $ | 93,580,068 | |||||
Allspring Mid Cap Value Portfolio (Class A) (a) |
10,737,048 | 110,376,848 | ||||||
Baillie Gifford International Stock Portfolio (Class A) (b) |
22,196,133 | 201,762,848 | ||||||
BlackRock Bond Income Portfolio (Class A) (b) |
6,306,211 | 544,604,408 | ||||||
BlackRock Capital Appreciation Portfolio (Class A) (b) |
514,877 | 16,084,758 | ||||||
BlackRock High Yield Portfolio (Class A) (a) |
10,891,945 | 75,154,422 | ||||||
Brighthouse Small Cap Value Portfolio (Class A) (a) |
7,172,647 | 89,944,990 | ||||||
Brighthouse/abrdn Emerging Markets Equity Portfolio (Class A) (a) |
8,978,441 | 73,533,430 | ||||||
Brighthouse/Artisan International Portfolio (Class A) (a) |
15,851,934 | 148,532,618 | ||||||
Brighthouse/Artisan Mid Cap Value Portfolio (Class A) (b) |
568,740 | 111,222,725 | ||||||
Brighthouse/Dimensional International Small Company Portfolio (Class A) (b) |
11,389,187 | 103,755,494 | ||||||
Brighthouse/Eaton Vance Floating Rate Portfolio (Class A) (a) |
11,655,533 | 112,942,112 | ||||||
Brighthouse/Franklin Low Duration Total Return Portfolio (Class A) (a) |
22,102,746 | 188,757,450 | ||||||
Brighthouse/Templeton International Bond Portfolio |
13,395,898 | 96,852,342 | ||||||
Brighthouse/Wellington Core Equity Opportunities Portfolio (Class A) (b) |
1,111,829 | 28,751,892 | ||||||
Brighthouse/Wellington Large Cap Research Portfolio |
2,675,990 | 32,807,643 | ||||||
CBRE Global Real Estate Portfolio (Class A) (a) |
7,338,662 | 65,754,410 | ||||||
Frontier Mid Cap Growth Portfolio (Class A) (b) (c) |
4,137,354 | 93,586,939 | ||||||
Harris Oakmark International Portfolio (Class A) (a) |
23,355,964 | 280,738,685 | ||||||
Invesco Comstock Portfolio (Class A) (a) |
696,194 | 8,194,201 | ||||||
Invesco Global Equity Portfolio (Class A) (a) |
3,552,375 | 74,138,065 | ||||||
Invesco Small Cap Growth Portfolio (Class A) (a) (c) |
8,585,898 | 63,707,360 | ||||||
Jennison Growth Portfolio (Class A) (b) (c) |
1,884,695 | 23,219,444 | ||||||
JPMorgan Core Bond Portfolio (Class A) (a) |
37,541,875 | 319,856,778 | ||||||
JPMorgan Small Cap Value Portfolio (Class A) (a) |
6,416,832 | 63,398,304 | ||||||
Loomis Sayles Growth Portfolio (Class A) (a) |
1,329,826 | 18,072,338 | ||||||
MFS Research International Portfolio (Class A) (a) |
17,249,195 | 191,293,577 | ||||||
MFS Value Portfolio (Class A) (b) |
1,854,737 | 23,592,252 | ||||||
Morgan Stanley Discovery Portfolio (Class A) (a) (c) |
7,180,921 | 34,181,185 | ||||||
Neuberger Berman Genesis Portfolio (Class A) (b) |
3,045,477 | 51,559,933 | ||||||
PIMCO Inflation Protected Bond Portfolio (Class A) (a) |
16,460,672 | 149,792,112 | ||||||
PIMCO Total Return Portfolio (Class A) (a) |
44,332,395 | 410,961,299 | ||||||
SSGA Emerging Markets Enhanced Index Portfolio (Class A) (a) |
7,389,092 | 67,019,069 | ||||||
T. Rowe Price Large Cap Value Portfolio (Class A) (a) |
780,515 | 18,474,786 | ||||||
T. Rowe Price Mid Cap Growth Portfolio (Class A) (a) |
6,492,933 | 55,319,786 | ||||||
T. Rowe Price Small Cap Growth Portfolio (Class A) (b) |
5,089,527 | 89,881,046 | ||||||
TCW Core Fixed Income Portfolio (Class A) (a) |
53,041,079 | 439,710,542 | ||||||
VanEck Global Natural Resources Portfolio (Class A) (b) |
8,606,524 | 103,106,162 | ||||||
Western Asset Management Strategic Bond Opportunities Portfolio (Class A) (b) |
24,144,072 | 246,269,539 | ||||||
Western Asset Management U.S. Government Portfolio |
26,222,388 | 262,748,330 | ||||||
|
|
|||||||
Total Mutual Funds |
5,183,240,190 | |||||||
|
|
|||||||
U.S. Treasury & Government Agencies27.8% |
| |||||||
Security Description | Principal Amount* |
Value | ||||||
Agency Sponsored Mortgage-Backed2.7% | ||||||||
Federal Home Loan Mortgage Corp. |
4,727 | 4,265 | ||||||
4.000%, 03/01/50 |
96,203 | 86,941 | ||||||
4.000%, 05/01/50 |
26,198 | 23,525 | ||||||
5.000%, 08/01/53 |
29,612,927 | 27,949,918 | ||||||
Federal Home Loan Mortgage Corp. Multifamily Structured |
2,817,632 | 2,695,911 | ||||||
Federal National Mortgage Association |
2,950,000 | 2,240,413 | ||||||
3.000%, 12/01/51 |
29,539,415 | 24,441,998 | ||||||
3.180%, 07/01/35 |
2,472,802 | 2,033,486 | ||||||
4.000%, 08/01/47 |
22,316 | 20,251 | ||||||
4.000%, 06/01/48 |
94,527 | 85,698 | ||||||
4.000%, 11/01/48 |
5,469 | 4,957 | ||||||
4.000%, 03/01/49 |
964,757 | 871,835 | ||||||
4.000%, 08/01/49 |
117,615 | 106,117 | ||||||
4.000%, 03/01/50 |
20,430,461 | 18,355,451 | ||||||
4.000%, 07/01/50 |
4,119,342 | 3,722,512 | ||||||
Government National Mortgage Association, TBA |
110,000,000 | 99,098,827 | ||||||
Uniform Mortgage-Backed Security, TBA |
16,000,000 | 14,243,750 | ||||||
|
|
|||||||
195,985,855 | ||||||||
|
|
|||||||
Federal Agencies0.3% | ||||||||
Resolution Funding Corp. Principal STRIPS |
| |||||||
Zero Coupon, 04/15/30 |
19,500,000 | 13,997,761 | ||||||
Tennessee Valley Authority |
1,700,000 | 1,596,603 | ||||||
4.250%, 09/15/65 |
10,000,000 | 7,929,504 | ||||||
|
|
|||||||
23,523,868 | ||||||||
|
|
|||||||
U.S. Treasury24.8% | ||||||||
U.S. Treasury Bonds |
358,500,000 | 174,936,797 | ||||||
1.625%, 11/15/50 |
144,200,000 | 75,530,382 | ||||||
1.875%, 02/15/51 |
173,000,000 | 96,961,094 | ||||||
2.000%, 08/15/51 (e) |
57,600,000 | 33,237,000 | ||||||
2.750%, 11/15/42 |
132,600,000 | 96,803,179 | ||||||
2.875%, 05/15/43 |
126,000,000 | 93,348,282 | ||||||
2.875%, 11/15/46 |
114,100,000 | 81,946,976 | ||||||
2.875%, 05/15/52 |
56,900,000 | 40,343,434 | ||||||
3.000%, 11/15/44 |
80,000,000 | 59,709,375 | ||||||
3.125%, 02/15/43 |
89,700,000 | 69,440,414 | ||||||
3.375%, 05/15/44 |
99,895,000 | 79,713,088 | ||||||
3.625%, 02/15/53 (e) |
50,000,000 | 41,351,562 | ||||||
3.625%, 05/15/53 (e) |
37,700,000 | 31,214,422 | ||||||
U.S. Treasury Notes |
125,000,000 | 105,512,695 | ||||||
0.500%, 02/28/26 (f) (g) |
21,100,000 | 18,996,594 | ||||||
0.750%, 05/31/26 |
300,000,000 | 269,425,782 | ||||||
1.375%, 10/31/28 |
37,900,000 | 32,334,918 | ||||||
2.750%, 07/31/27 (f) (g) |
29,400,000 | 27,386,789 | ||||||
3.500%, 01/31/28 (f) |
75,000,000 | 71,575,195 |
BHFTI-87
Table of Contents
Brighthouse Funds Trust I
Brighthouse Balanced Plus Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies(Continued)
Security Description | Principal Amount* |
Value | ||||||
U.S. Treasury(Continued) | ||||||||
U.S. Treasury Notes |
100,000,000 | $ | 93,589,844 | |||||
3.750%, 05/31/30 |
138,000,000 | 131,013,750 | ||||||
4.125%, 10/31/27 |
34,900,000 | 34,157,012 | ||||||
4.125%, 08/31/30 |
50,000,000 | 48,531,250 | ||||||
|
|
|||||||
1,807,059,834 | ||||||||
|
|
|||||||
Total U.S. Treasury & Government Agencies |
2,026,569,557 | |||||||
|
|
|||||||
Corporate Bonds & Notes2.1% | ||||||||
Banks2.0% | ||||||||
Bank of America Corp. |
20,000,000 | 17,940,971 | ||||||
Citigroup, Inc. |
20,000,000 | 18,643,771 | ||||||
Cooperatieve Rabobank UA |
5,000,000 | 4,824,954 | ||||||
Goldman Sachs Group, Inc. |
10,000,000 | 9,215,921 | ||||||
3.750%, 02/25/26 |
19,500,000 | 18,537,258 | ||||||
HSBC Holdings PLC |
20,000,000 | 19,200,168 | ||||||
5.250%, 03/14/44 |
3,000,000 | 2,498,901 | ||||||
JPMorgan Chase & Co. |
10,000,000 | 9,194,946 | ||||||
4.000%, 3M TSFR + 2.745%, 04/01/25 (h) |
8,000,000 | 7,286,723 | ||||||
6.125%, 3M TSFR + 3.592%, 04/30/24 (h) |
3,000,000 | 2,967,674 | ||||||
Mitsubishi UFJ Financial Group, Inc. |
5,100,000 | 4,008,438 | ||||||
Mizuho Financial Group, Inc. |
5,000,000 | 4,593,851 | ||||||
Morgan Stanley |
20,000,000 | 18,247,596 | ||||||
UBS Group AG |
3,000,000 | 1,940,378 | ||||||
Wells Fargo & Co. |
8,600,000 | 8,427,614 | ||||||
|
|
|||||||
147,529,164 | ||||||||
|
|
|||||||
Diversified Financial Services0.0% | ||||||||
Blackstone Holdings Finance Co. LLC |
1,300,000 | 776,747 | ||||||
|
|
|||||||
Electric0.0% | ||||||||
Israel Electric Corp. Ltd. |
900,000 | 739,350 | ||||||
MidAmerican Energy Co. |
800,000 | 453,141 | ||||||
|
|
|||||||
1,192,491 | ||||||||
|
|
|||||||
Telecommunications0.1% | ||||||||
AT&T, Inc. |
2,045,000 | 1,263,502 | ||||||
3.800%, 12/01/57 |
1,556,000 | 985,766 | ||||||
|
|
|||||||
2,249,268 | ||||||||
|
|
|||||||
Transportation0.0% | ||||||||
Vessel Management Services, Inc. |
2,119,000 | 1,876,379 | ||||||
|
|
|||||||
Total Corporate Bonds & Notes |
153,624,049 | |||||||
|
|
|||||||
Mortgage-Backed Securities0.5% | ||||||||
Collateralized Mortgage Obligations0.2% | ||||||||
Citigroup Mortgage Loan Trust, Inc. |
19,990,580 | 15,773,827 | ||||||
|
|
|||||||
Commercial Mortgage-Backed Securities0.3% | ||||||||
BANK |
15,000,000 | 13,511,104 | ||||||
BBCMS Mortgage Trust |
11,400,000 | 8,943,844 | ||||||
|
|
|||||||
22,454,948 | ||||||||
|
|
|||||||
Total Mortgage-Backed Securities |
38,228,775 | |||||||
|
|
|||||||
Municipals0.0% | ||||||||
Los Angeles Community College District |
400,000 | 454,205 | ||||||
Port Authority of New York & New Jersey |
1,845,000 | 1,519,940 | ||||||
|
|
|||||||
Total Municipals |
1,974,145 | |||||||
|
|
|||||||
Short-Term Investments1.2% | ||||||||
Repurchase Agreements1.2% | ||||||||
Deutsche Bank Securities, Inc. |
40,100,000 | 40,100,000 | ||||||
Fixed Income Clearing Corp. |
5,037,384 | 5,037,384 |
BHFTI-88
Table of Contents
Brighthouse Funds Trust I
Brighthouse Balanced Plus Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Short-Term Investments(Continued)
Security Description | Principal Amount* |
Value | ||||||
Repurchase Agreements(Continued) | ||||||||
Goldman Sachs & Co. LLC |
7,500,000 | $ | 7,500,000 | |||||
JPMorgan Securities LLC |
33,800,000 | 33,800,000 | ||||||
|
|
|||||||
Total Short-Term Investments |
86,437,384 | |||||||
|
|
|||||||
Total Investments102.6% |
7,490,074,100 | |||||||
|
|
|||||||
Other assets and liabilities (net)(2.6)% |
(187,050,295 | ) | ||||||
|
|
|||||||
Net Assets100.0% |
$ | 7,303,023,805 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
(a) | A Portfolio of Brighthouse Funds Trust I. | |||
(b) | A Portfolio of Brighthouse Funds Trust II. | |||
(c) | Non-income producing security. | |||
(d) | TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date. | |||
(e) | All or a portion of the security was pledged as collateral against open reverse repurchase agreements. As of September 30, 2023, the market value of securities pledged amounted to $42,661,540. | |||
(f) | All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2023, the market value of securities pledged was $72,560,149. | |||
(g) | All or a portion of the security was pledged as collateral against TBA securities. As of September 30, 2023, the value of securities pledged amounted to $2,529,343. | |||
(h) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
(144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $19,230,302, which is 0.3% of net assets. |
Reverse Repurchase Agreements
Counterparty |
Interest Rate |
Settlement Date |
Maturity Date |
Principal Amount |
Net Closing Amount |
|||||||||||||||||||
Deutsche Bank Securities, Inc |
5.430 | % | 09/26/23 | 10/05/23 | USD | 10,981,125 | $ | 10,981,125 | ||||||||||||||||
JPMorgan Securities LLC |
5.320 | % | 09/22/23 | 10/06/23 | USD | 32,422,000 | 32,422,000 | |||||||||||||||||
|
|
|||||||||||||||||||||||
Total |
|
$ | 43,403,125 | |||||||||||||||||||||
|
|
Securities pledged as collateral against open reverse repurchase agreements are noted in the Schedule of Investments.
Futures Contracts
Futures Contracts Long |
Expiration Date |
Number of Contracts |
Notional Amount | Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
S&P 500 Index E-Mini Futures |
12/15/23 | 6,076 | USD | 1,314,086,900 | $ | (68,114,310 | ) | |||||||||||||
|
|
Glossary of Abbreviations
Currencies
(USD) | United States Dollar |
Index Abbreviations
(H15) | U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index | |
(TSFR) | Term Secured Overnight Financing Rate |
BHFTI-89
Table of Contents
Brighthouse Funds Trust I
Brighthouse Balanced Plus Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Total Mutual Funds* |
$ | 5,183,240,190 | $ | | $ | | $ | 5,183,240,190 | ||||||||
Total U.S. Treasury & Government Agencies* |
| 2,026,569,557 | | 2,026,569,557 | ||||||||||||
Total Corporate Bonds & Notes* |
| 153,624,049 | | 153,624,049 | ||||||||||||
Total Mortgage-Backed Securities* |
| 38,228,775 | | 38,228,775 | ||||||||||||
Total Municipals* |
| 1,974,145 | | 1,974,145 | ||||||||||||
Total Short-Term Investments* |
| 86,437,384 | | 86,437,384 | ||||||||||||
Total Investments |
$ | 5,183,240,190 | $ | 2,306,833,910 | $ | | $ | 7,490,074,100 | ||||||||
Total Reverse Repurchase Agreements (Liability) |
$ | | $ | (43,403,125 | ) | $ | | $ | (43,403,125 | ) | ||||||
Futures Contracts | ||||||||||||||||
Futures Contracts (Unrealized Depreciation) |
$ | (68,114,310 | ) | $ | | $ | | $ | (68,114,310 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
BHFTI-90
Table of Contents
Brighthouse Funds Trust I
Brighthouse Small Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks 97.4% of Net Assets
Security Description | Shares | Value | ||||||
Aerospace & Defense 0.3% | ||||||||
Leonardo DRS, Inc. (a)(b) |
178,900 | $ | 2,987,630 | |||||
|
|
|||||||
Automobile Components 0.9% | ||||||||
Adient PLC (a) |
108,000 | 3,963,600 | ||||||
Atmus Filtration Technologies, Inc. (a) |
37,573 | 783,397 | ||||||
Holley, Inc. (a)(b) |
550,747 | 2,748,228 | ||||||
|
|
|||||||
7,495,225 | ||||||||
|
|
|||||||
Banks 10.4% | ||||||||
Associated Banc-Corp. (b) |
204,618 | 3,501,014 | ||||||
Bank of NT Butterfield & Son Ltd. (b) |
93,400 | 2,529,272 | ||||||
Cadence Bank |
153,400 | 3,255,148 | ||||||
Columbia Banking System, Inc. |
215,441 | 4,373,452 | ||||||
Comerica, Inc. |
51,800 | 2,152,290 | ||||||
CVB Financial Corp. (b) |
40,724 | 674,797 | ||||||
East West Bancorp, Inc. |
98,100 | 5,170,851 | ||||||
First Financial Bancorp |
168,316 | 3,298,994 | ||||||
First Hawaiian, Inc. (b) |
102,379 | 1,847,941 | ||||||
First Interstate BancSystem, Inc. - Class A (b) |
107,487 | 2,680,726 | ||||||
FNB Corp. |
492,950 | 5,318,930 | ||||||
Hancock Whitney Corp. (b) |
318,745 | 11,790,377 | ||||||
Hope Bancorp, Inc. |
303,740 | 2,688,099 | ||||||
Renasant Corp. (b) |
110,440 | 2,892,424 | ||||||
Sandy Spring Bancorp, Inc. |
79,525 | 1,704,221 | ||||||
SouthState Corp. (b) |
89,661 | 6,039,565 | ||||||
Synovus Financial Corp. |
154,350 | 4,290,930 | ||||||
UMB Financial Corp. (b) |
136,947 | 8,497,561 | ||||||
Valley National Bancorp (b) |
685,500 | 5,867,880 | ||||||
Washington Federal, Inc. (b) |
107,100 | 2,743,902 | ||||||
Webster Financial Corp. |
225,088 | 9,073,297 | ||||||
|
|
|||||||
90,391,671 | ||||||||
|
|
|||||||
Beverages 0.4% | ||||||||
Primo Water Corp. |
282,786 | 3,902,447 | ||||||
|
|
|||||||
Building Products 4.5% | ||||||||
CSW Industrials, Inc. (b) |
50,182 | 8,793,894 | ||||||
Griffon Corp. |
110,988 | 4,402,894 | ||||||
Janus International Group, Inc. (a)(b) |
243,531 | 2,605,782 | ||||||
Quanex Building Products Corp. (b) |
251,621 | 7,088,163 | ||||||
Simpson Manufacturing Co., Inc. |
30,841 | 4,620,290 | ||||||
UFP Industries, Inc. |
63,919 | 6,545,306 | ||||||
Zurn Elkay Water Solutions Corp. - Class C (b) |
176,700 | 4,951,134 | ||||||
|
|
|||||||
39,007,463 | ||||||||
|
|
|||||||
Capital Markets 1.6% | ||||||||
B Riley Financial, Inc. (b) |
20,380 | 835,376 | ||||||
GlassBridge Enterprises, Inc. (a) |
572 | 6,292 | ||||||
MidCap Financial Investment Corp. |
172,853 | 2,376,729 | ||||||
New Mountain Finance Corp. |
229,588 | 2,973,165 | ||||||
Stifel Financial Corp. (b) |
112,153 | 6,890,680 | ||||||
Westwood Holdings Group, Inc. |
42,205 | 428,381 | ||||||
|
|
|||||||
13,510,623 | ||||||||
|
|
|||||||
Chemicals 6.9% | ||||||||
Ashland, Inc. |
31,800 | $ | 2,597,424 | |||||
Avient Corp. |
410,298 | 14,491,725 | ||||||
Ecovyst, Inc. (a)(b) |
395,521 | 3,891,927 | ||||||
Element Solutions, Inc. |
48,158 | 944,378 | ||||||
HB Fuller Co. (b) |
76,650 | 5,258,957 | ||||||
Huntsman Corp. |
135,850 | 3,314,740 | ||||||
Innospec, Inc. |
152,201 | 15,554,942 | ||||||
Mativ Holdings, Inc. (b) |
307,776 | 4,388,886 | ||||||
Minerals Technologies, Inc. |
32,980 | 1,805,985 | ||||||
NewMarket Corp. |
17,510 | 7,967,750 | ||||||
|
|
|||||||
60,216,714 | ||||||||
|
|
|||||||
Commercial Services & Supplies 1.4% | ||||||||
ACCO Brands Corp. |
381,156 | 2,187,836 | ||||||
Ennis, Inc. (b) |
124,388 | 2,639,513 | ||||||
Matthews International Corp. - Class A (b) |
23,170 | 901,545 | ||||||
UniFirst Corp. |
24,740 | 4,032,867 | ||||||
Viad Corp. (a)(b) |
103,830 | 2,720,346 | ||||||
|
|
|||||||
12,482,107 | ||||||||
|
|
|||||||
Communications Equipment 0.6% | ||||||||
NetScout Systems, Inc. (a) |
111,390 | 3,121,148 | ||||||
Viavi Solutions, Inc. (a) |
262,700 | 2,401,078 | ||||||
|
|
|||||||
5,522,226 | ||||||||
|
|
|||||||
Construction & Engineering 1.6% | ||||||||
API Group Corp. (a) |
253,429 | 6,571,414 | ||||||
MasTec, Inc. (a)(b) |
77,195 | 5,555,724 | ||||||
MDU Resources Group, Inc. |
106,032 | 2,076,107 | ||||||
|
|
|||||||
14,203,245 | ||||||||
|
|
|||||||
Construction Materials 1.9% | ||||||||
Eagle Materials, Inc. (b) |
75,305 | 12,539,789 | ||||||
Knife River Corp. (a)(b) |
17,439 | 851,546 | ||||||
Summit Materials, Inc. - Class A (a) |
113,153 | 3,523,584 | ||||||
|
|
|||||||
16,914,919 | ||||||||
|
|
|||||||
Consumer Finance 0.3% | ||||||||
Bread Financial Holdings, Inc. |
67,600 | 2,311,920 | ||||||
|
|
|||||||
Consumer Staples Distribution & Retail 0.4% | ||||||||
Performance Food Group Co. (a) |
54,281 | 3,194,980 | ||||||
|
|
|||||||
Containers & Packaging 2.3% | ||||||||
Berry Global Group, Inc. |
89,103 | 5,516,367 | ||||||
Myers Industries, Inc. (b) |
160,626 | 2,880,024 | ||||||
Silgan Holdings, Inc. (b) |
157,969 | 6,810,044 | ||||||
TriMas Corp. |
204,277 | 5,057,898 | ||||||
|
|
|||||||
20,264,333 | ||||||||
|
|
|||||||
Electric Utilities 0.9% | ||||||||
ALLETE, Inc. |
68,550 | 3,619,440 | ||||||
IDACORP, Inc. (b) |
9,030 | 845,659 |
BHFTI-91
Table of Contents
Brighthouse Funds Trust I
Brighthouse Small Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks (Continued)
Security Description | Shares | Value | ||||||
Electric Utilities (Continued) | ||||||||
OGE Energy Corp. |
96,200 | $ | 3,206,346 | |||||
|
|
|||||||
7,671,445 | ||||||||
|
|
|||||||
Electrical Equipment 1.9% | ||||||||
Atkore, Inc. (a)(b) |
85,610 | 12,772,156 | ||||||
Babcock & Wilcox Enterprises, Inc. (a)(b) |
58,511 | 246,331 | ||||||
Regal Rexnord Corp. |
25,956 | 3,708,593 | ||||||
|
|
|||||||
16,727,080 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components 3.9% | ||||||||
Belden, Inc. |
164,224 | 15,855,827 | ||||||
Flex Ltd. (a) |
234,937 | 6,338,600 | ||||||
Knowles Corp. (a)(b) |
15,939 | 236,057 | ||||||
TD SYNNEX Corp. |
31,500 | 3,145,590 | ||||||
TTM Technologies, Inc. (a) |
306,676 | 3,949,987 | ||||||
Vishay Intertechnology, Inc. (b) |
170,000 | 4,202,400 | ||||||
|
|
|||||||
33,728,461 | ||||||||
|
|
|||||||
Energy Equipment & Services 2.3% | ||||||||
Forum Energy Technologies, Inc. (a)(b) |
18,776 | 450,999 | ||||||
Liberty Energy, Inc. |
481,358 | 8,914,750 | ||||||
Patterson-UTI Energy, Inc. (b) |
784,576 | 10,858,532 | ||||||
|
|
|||||||
20,224,281 | ||||||||
|
|
|||||||
Financial Services 1.1% | ||||||||
Essent Group Ltd. |
90,695 | 4,288,966 | ||||||
Euronet Worldwide, Inc. (a) |
26,873 | 2,133,179 | ||||||
Jackson Financial, Inc. - Class A (b) |
79,835 | 3,051,294 | ||||||
|
|
|||||||
9,473,439 | ||||||||
|
|
|||||||
Food Products 4.0% | ||||||||
Flowers Foods, Inc. |
114,600 | 2,541,828 | ||||||
Hostess Brands, Inc. (a) |
147,500 | 4,913,225 | ||||||
J & J Snack Foods Corp. (b) |
127,995 | 20,946,382 | ||||||
Nomad Foods Ltd. (a) |
348,871 | 5,309,817 | ||||||
Tootsie Roll Industries, Inc. (b) |
51,255 | 1,530,474 | ||||||
|
|
|||||||
35,241,726 | ||||||||
|
|
|||||||
Gas Utilities 0.4% | ||||||||
Southwest Gas Holdings, Inc. (b) |
57,700 | 3,485,657 | ||||||
|
|
|||||||
Ground Transportation 1.2% | ||||||||
Saia, Inc. (a) |
5,000 | 1,993,250 | ||||||
Werner Enterprises, Inc. |
215,754 | 8,403,618 | ||||||
|
|
|||||||
10,396,868 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies 1.9% | ||||||||
Enovis Corp. (a)(b) |
49,982 | 2,635,551 | ||||||
Globus Medical, Inc. - Class A (a) |
58,649 | 2,911,923 | ||||||
Integer Holdings Corp. (a)(b) |
53,100 | 4,164,633 | ||||||
Integra LifeSciences Holdings Corp. (a) |
85,100 | 3,249,969 | ||||||
Varex Imaging Corp. (a)(b) |
167,546 | 3,148,189 | ||||||
|
|
|||||||
16,110,265 | ||||||||
|
|
|||||||
Health Care Providers & Services 0.9% | ||||||||
AMN Healthcare Services, Inc. (a)(b) |
12,603 | $ | 1,073,523 | |||||
Patterson Cos., Inc. |
168,834 | 5,004,240 | ||||||
Premier, Inc. - Class A |
86,608 | 1,862,072 | ||||||
|
|
|||||||
7,939,835 | ||||||||
|
|
|||||||
Health Care REITs 0.4% | ||||||||
National Health Investors, Inc. (b) |
60,750 | 3,120,120 | ||||||
|
|
|||||||
Hotel & Resort REITs 0.5% | ||||||||
Apple Hospitality REIT, Inc. (b) |
260,700 | 3,999,138 | ||||||
|
|
|||||||
Hotels, Restaurants & Leisure 1.9% | ||||||||
Choice Hotels International, Inc. (b) |
24,400 | 2,989,244 | ||||||
Dennys Corp. (a) |
433,228 | 3,669,441 | ||||||
Dine Brands Global, Inc. (b) |
90,101 | 4,455,495 | ||||||
Jack in the Box, Inc. (b) |
33,849 | 2,337,612 | ||||||
Texas Roadhouse, Inc. Class A (b) |
31,750 | 3,051,175 | ||||||
|
|
|||||||
16,502,967 | ||||||||
|
|
|||||||
Household Durables 1.8% | ||||||||
Helen of Troy Ltd. (a)(b) |
51,962 | 6,056,691 | ||||||
KB Home (b) |
92,200 | 4,267,016 | ||||||
Meritage Homes Corp. |
42,900 | 5,250,531 | ||||||
|
|
|||||||
15,574,238 | ||||||||
|
|
|||||||
Household Products 2.3% | ||||||||
Central Garden & Pet Co. (Voting Shares) (a)(b) |
90,711 | 4,003,984 | ||||||
Central Garden & Pet Co. (Non-Voting Shares) - Class A (a) |
104,678 | 4,196,541 | ||||||
Spectrum Brands Holdings, Inc. (b) |
147,350 | 11,544,872 | ||||||
|
|
|||||||
19,745,397 | ||||||||
|
|
|||||||
Industrial REITs 0.4% | ||||||||
LXP Industrial Trust |
431,300 | 3,838,570 | ||||||
|
|
|||||||
Insurance 5.0% | ||||||||
Assurant, Inc. |
34,519 | 4,956,238 | ||||||
Axis Capital Holdings Ltd. |
75,500 | 4,255,935 | ||||||
Enstar Group Ltd. (a) |
30,095 | 7,282,990 | ||||||
Hanover Insurance Group, Inc. (b) |
93,957 | 10,427,348 | ||||||
National Western Life Group, Inc. - Class A (b) |
6,329 | 2,768,874 | ||||||
ProAssurance Corp. |
109,945 | 2,076,861 | ||||||
Selective Insurance Group, Inc. |
35,136 | 3,624,981 | ||||||
Stewart Information Services Corp. (b) |
195,520 | 8,563,776 | ||||||
|
|
|||||||
43,957,003 | ||||||||
|
|
|||||||
Interactive Media & Services 0.2% | ||||||||
Ziff Davis, Inc. (a) |
31,489 | 2,005,534 | ||||||
|
|
|||||||
IT Services 0.6% | ||||||||
Kyndryl Holdings, Inc. (a) |
279,461 | 4,219,861 | ||||||
Perficient, Inc. (a)(b) |
11,830 | 684,484 | ||||||
|
|
|||||||
4,904,345 | ||||||||
|
|
BHFTI-92
Table of Contents
Brighthouse Funds Trust I
Brighthouse Small Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks (Continued)
Security Description | Shares | Value | ||||||
Leisure Products 0.5% | ||||||||
Acushnet Holdings Corp. (b) |
74,800 | $ | 3,967,392 | |||||
|
|
|||||||
Life Sciences Tools & Services 0.5% | ||||||||
Azenta, Inc. (a)(b) |
78,032 | 3,916,426 | ||||||
|
|
|||||||
Machinery 8.4% | ||||||||
Alamo Group, Inc. |
20,936 | 3,618,997 | ||||||
Barnes Group, Inc. |
106,600 | 3,621,202 | ||||||
Columbus McKinnon Corp. (b) |
73,922 | 2,580,617 | ||||||
Douglas Dynamics, Inc. (b) |
176,968 | 5,340,894 | ||||||
Franklin Electric Co., Inc. |
147,563 | 13,167,047 | ||||||
Hillenbrand, Inc. (b) |
40,385 | 1,708,689 | ||||||
Hillman Group (a) |
502,200 | 4,143,150 | ||||||
Hillman Solutions Corp. (a)(b) |
80,588 | 664,851 | ||||||
ITT, Inc. |
78,708 | 7,706,300 | ||||||
Kadant, Inc. (b) |
25,311 | 5,708,896 | ||||||
Mayville Engineering Co., Inc. (a) |
146,602 | 1,608,224 | ||||||
Mueller Industries, Inc. (b) |
192,575 | 14,473,937 | ||||||
Terex Corp. (b) |
80,950 | 4,664,339 | ||||||
Timken Co. |
53,900 | 3,961,111 | ||||||
|
|
|||||||
72,968,254 | ||||||||
|
|
|||||||
Marine Transportation 0.4% | ||||||||
Kirby Corp. (a) |
44,100 | 3,651,480 | ||||||
|
|
|||||||
Media 0.2% | ||||||||
DallasNews Corp. (b) |
43,318 | 199,263 | ||||||
TEGNA, Inc. |
15,774 | 229,827 | ||||||
Thryv Holdings, Inc. (a)(b) |
83,781 | 1,572,569 | ||||||
|
|
|||||||
2,001,659 | ||||||||
|
|
|||||||
Metals & Mining 0.2% | ||||||||
Ryerson Holding Corp. |
71,000 | 2,065,390 | ||||||
|
|
|||||||
Mortgage Real Estate Investment Trusts 1.6% | ||||||||
AGNC Investment Corp. (b) |
486,223 | 4,589,945 | ||||||
Apollo Commercial Real Estate Finance, Inc. (b) |
183,517 | 1,859,027 | ||||||
New York Mortgage Trust, Inc. (b) |
288,946 | 2,453,152 | ||||||
Two Harbors Investment Corp. |
386,441 | 5,116,479 | ||||||
|
|
|||||||
14,018,603 | ||||||||
|
|
|||||||
Multi-Utilities 0.5% | ||||||||
Black Hills Corp. |
79,891 | 4,041,686 | ||||||
|
|
|||||||
Oil, Gas & Consumable Fuels 6.4% | ||||||||
Berry Corp. |
204,199 | 1,674,432 | ||||||
Callon Petroleum Co. (a)(b) |
42,881 | 1,677,505 | ||||||
Chord Energy Corp. (b) |
32,275 | 5,230,809 | ||||||
CNX Resources Corp. (a)(b) |
121,200 | 2,736,696 | ||||||
Enerplus Corp. |
67,508 | 1,190,166 | ||||||
EnLink Midstream LLC (a)(b) |
393,800 | 4,812,236 | ||||||
Magnolia Oil & Gas Corp. - Class A (b) |
455,674 | 10,439,491 | ||||||
Matador Resources Co. |
86,880 | 5,167,622 | ||||||
Murphy Oil Corp. |
132,550 | 6,011,143 | ||||||
Nordic American Tankers Ltd. (b) |
300,509 | 1,238,097 | ||||||
Northern Oil & Gas, Inc. (b) |
98,106 | 3,946,804 | ||||||
Oil, Gas & Consumable Fuels (Continued) | ||||||||
PBF Energy, Inc. - Class A |
80,900 | $ | 4,330,577 | |||||
SM Energy Co. |
41,254 | 1,635,721 | ||||||
Southwestern Energy Co. (a)(b) |
929,046 | 5,992,347 | ||||||
|
|
|||||||
56,083,646 | ||||||||
|
|
|||||||
Paper & Forest Products 0.5% | ||||||||
Louisiana-Pacific Corp. |
75,634 | 4,180,291 | ||||||
|
|
|||||||
Pharmaceuticals 1.1% | ||||||||
Perrigo Co. PLC (b) |
50,211 | 1,604,242 | ||||||
Prestige Consumer Healthcare, Inc. (a) |
133,960 | 7,661,172 | ||||||
|
|
|||||||
9,265,414 | ||||||||
|
|
|||||||
Professional Services 3.5% | ||||||||
CACI International, Inc. - Class A (a) |
15,300 | 4,803,129 | ||||||
CBIZ, Inc. (a) |
73,650 | 3,822,435 | ||||||
Concentrix Corp. (b) |
55,347 | 4,433,848 | ||||||
KBR, Inc. (b) |
89,160 | 5,255,090 | ||||||
Korn Ferry (b) |
104,387 | 4,952,119 | ||||||
Maximus, Inc. (b) |
53,383 | 3,986,643 | ||||||
Parsons Corp. (a)(b) |
63,653 | 3,459,541 | ||||||
|
|
|||||||
30,712,805 | ||||||||
|
|
|||||||
Real Estate Management & Development 0.3% | ||||||||
Tricon Residential, Inc. |
393,000 | 2,908,200 | ||||||
|
|
|||||||
Residential REITs 0.6% | ||||||||
Elme Communities |
161,450 | 2,202,178 | ||||||
Independence Realty Trust, Inc. (b) |
228,510 | 3,215,136 | ||||||
|
|
|||||||
5,417,314 | ||||||||
|
|
|||||||
Retail REITs 1.3% | ||||||||
Agree Realty Corp. |
84,176 | 4,649,882 | ||||||
Kite Realty Group Trust (b) |
151,063 | 3,235,769 | ||||||
Spirit Realty Capital, Inc. |
102,750 | 3,445,208 | ||||||
|
|
|||||||
11,330,859 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 1.6% | ||||||||
Cirrus Logic, Inc. (a)(b) |
52,000 | 3,845,920 | ||||||
Diodes, Inc. (a)(b) |
66,650 | 5,254,686 | ||||||
Power Integrations, Inc. (b) |
61,400 | 4,685,434 | ||||||
|
|
|||||||
13,786,040 | ||||||||
|
|
|||||||
Software 0.5% | ||||||||
E2open Parent Holdings, Inc. (a)(b) |
365,876 | 1,661,077 | ||||||
Everbridge, Inc. (a) |
36,416 | 816,447 | ||||||
NCR Corp. (a)(b) |
56,424 | 1,521,755 | ||||||
Synchronoss Technologies, Inc. (a)(b) |
439,304 | 421,732 | ||||||
|
|
|||||||
4,421,011 | ||||||||
|
|
|||||||
Specialized REITs 0.3% | ||||||||
Outfront Media, Inc. (b) |
228,750 | 2,310,375 | ||||||
|
|
BHFTI-93
Table of Contents
Brighthouse Funds Trust I
Brighthouse Small Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares/ |
Value | ||||||
Specialty Retail0.7% | ||||||||
Academy Sports & Outdoors, Inc. (b) |
21,654 | $ | 1,023,585 | |||||
Group 1 Automotive, Inc. (b) |
17,950 | 4,823,344 | ||||||
|
|
|||||||
5,846,929 | ||||||||
|
|
|||||||
Technology Hardware, Storage & Peripherals0.1% | ||||||||
Diebold Nixdorf, Inc. (a)(b) |
43,319 | 820,462 | ||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods1.5% | ||||||||
Columbia Sportswear Co. (b) |
48,300 | 3,579,030 | ||||||
Delta Apparel, Inc. (a)(b) |
59,102 | 391,846 | ||||||
Levi Strauss & Co. - Class A (b) |
99,140 | 1,346,321 | ||||||
Oxford Industries, Inc. (b) |
21,600 | 2,076,408 | ||||||
Steven Madden Ltd. (b) |
188,423 | 5,986,199 | ||||||
|
|
|||||||
13,379,804 | ||||||||
|
|
|||||||
Trading Companies & Distributors1.6% | ||||||||
Air Lease Corp. |
87,510 | 3,448,769 | ||||||
Core & Main, Inc. - Class A (a)(b) |
24,441 | 705,123 | ||||||
Custom Truck One Source, Inc. (a)(b) |
450,634 | 2,793,931 | ||||||
H&E Equipment Services, Inc. |
84,700 | 3,658,193 | ||||||
WESCO International, Inc. |
24,450 | 3,516,399 | ||||||
|
|
|||||||
14,122,415 | ||||||||
|
|
|||||||
Total Common Stocks |
848,268,327 | |||||||
|
|
|||||||
Escrow Shares0.0% | ||||||||
Special Purpose Acquisition Companies0.0% | ||||||||
Pershing Square Tontine Holdings Ltd. (a)(c)(d) |
140,969 | 0 | ||||||
|
|
|||||||
Short-Term Investment2.5% | ||||||||
Repurchase Agreement2.5% | ||||||||
Fixed Income Clearing Corp. |
21,733,753 | 21,733,753 | ||||||
|
|
|||||||
Total Short-Term Investments |
21,733,753 | |||||||
|
|
|||||||
Securities Lending Reinvestments (e)20.8% |
| |||||||
Certificates of Deposit6.1% | ||||||||
Bank of America N.A. |
2,000,000 | 2,000,270 | ||||||
Barclays Bank PLC |
3,000,000 | 3,000,216 | ||||||
Certificates of Deposit (Continued) | ||||||||
Canadian Imperial Bank of Commerce (NY) |
3,000,000 | 3,000,294 | ||||||
Citibank N.A. |
3,000,000 | 3,000,225 | ||||||
Credit Agricole Corporate & Investment Bank |
3,000,000 | 3,000,399 | ||||||
Credit Industriel et Commercial |
4,000,000 | 3,999,648 | ||||||
Mitsubishi UFJ Trust & Banking Corp. | ||||||||
Zero Coupon, 10/19/23 |
2,000,000 | 1,994,100 | ||||||
Zero Coupon, 10/20/23 |
500,000 | 498,450 | ||||||
Zero Coupon, 03/13/24 |
2,000,000 | 1,947,560 | ||||||
Mizuho Bank Ltd. |
5,000,000 | 5,000,245 | ||||||
Nordea Bank Abp |
2,000,000 | 2,000,304 | ||||||
Oversea-Chinese Banking Corp. Ltd. |
4,000,000 | 4,000,584 | ||||||
Royal Bank of Canada |
3,000,000 | 3,002,310 | ||||||
Standard Chartered Bank |
2,000,000 | 2,000,000 | ||||||
Sumitomo Mitsui Banking Corp. |
3,000,000 | 3,002,793 | ||||||
Sumitomo Mitsui Trust Bank Ltd. | ||||||||
Zero Coupon, 12/19/23 |
1,500,000 | 1,481,430 | ||||||
5.580%, SOFR + 0.270%, 10/23/23 (f) |
4,000,000 | 4,000,212 | ||||||
Svenska Handelsbanken AB |
1,000,000 | 1,000,105 | ||||||
Toronto-Dominion Bank |
2,000,000 | 2,001,160 | ||||||
5.780%, FEDEFF PRV + 0.450%, 10/13/23 (f) |
3,000,000 | 3,000,285 | ||||||
|
|
|||||||
52,930,590 | ||||||||
|
|
|||||||
Commercial Paper1.4% | ||||||||
National Australia Bank Ltd. |
3,000,000 | 3,000,660 | ||||||
Old Line Funding LLC |
2,000,000 | 1,999,998 | ||||||
Skandinaviska Enskilda Banken AB |
3,000,000 | 3,000,810 | ||||||
UBS AG |
4,000,000 | 4,000,000 | ||||||
|
|
|||||||
12,001,468 | ||||||||
|
|
|||||||
Repurchase Agreements8.0% | ||||||||
Citigroup Global Markets, Inc. | ||||||||
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $3,804,042; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $3,876,094. |
3,800,000 | 3,800,000 |
BHFTI-94
Table of Contents
Brighthouse Funds Trust I
Brighthouse Small Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (e)(Continued)
Security Description | Principal Amount* |
Value | ||||||
Repurchase Agreements(Continued) | ||||||||
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $7,038,247; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $7,140,512. |
7,000,000 | $ | 7,000,000 | |||||
ING Financial Markets LLC |
13,745,191 | 13,745,191 | ||||||
National Bank of Canada | ||||||||
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $5,806,000; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $5,943,722. |
5,800,000 | 5,800,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $20,021,194; collateralized by various Common Stock with an aggregate market value of $22,319,747. |
20,000,000 | 20,000,000 | ||||||
NBC Global Finance Ltd. |
10,000,000 | 10,000,000 | ||||||
Royal Bank of Canada Toronto |
3,000,000 | 3,000,000 | ||||||
Societe Generale | ||||||||
Repurchase Agreement dated 09/29/23 at 5.340%, due on 10/02/23 with a maturity value of $1,000,445; collateralized by U.S. Treasury Obligations with rates ranging from 0.375% - 5.403%, maturity dates ranging from 01/31/24 - 02/15/37, and an aggregate market value of $1,022,422. |
1,000,000 | 1,000,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $700,316; collateralized by various Common Stock with an aggregate market value of $779,113. |
700,000 | 700,000 | ||||||
TD Prime Services LLC |
5,000,000 | 5,000,000 | ||||||
|
|
|||||||
70,045,191 | ||||||||
|
|
|||||||
Time Deposit0.6% | ||||||||
National Bank of Canada |
5,000,000 | 5,000,000 | ||||||
|
|
|||||||
Mutual Funds4.7% | ||||||||
BlackRock Liquidity Funds FedFund, Institutional Shares 5.230% (g) |
5,000,000 | 5,000,000 | ||||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (g) |
5,000,000 | 5,000,000 | ||||||
Fidelity Investments Money Market Government Portfolio, |
1,000,000 | 1,000,000 | ||||||
HSBC U.S. Government Money Market Fund, |
5,000,000 | 5,000,000 | ||||||
RBC U.S. Government Money Market Fund, Institutional Shares |
5,000,000 | 5,000,000 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (g) |
10,000,000 | 10,000,000 | ||||||
STIT-Government & Agency Portfolio, Institutional |
5,000,000 | 5,000,000 | ||||||
Western Asset Institutional Government Reserves Fund, Institutional Class 5.250% (g) |
5,000,000 | 5,000,000 | ||||||
|
|
|||||||
41,000,000 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
180,977,249 | |||||||
|
|
|||||||
Total Investments 120.7% |
1,050,979,329 | |||||||
Other assets and liabilities (net)(20.7)% |
(180,102,643 | ) | ||||||
|
|
|||||||
Net Assets100.0% |
$ | 870,876,686 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
(a) | Non-income producing security. | |||
(b) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $205,622,859 and the collateral received consisted of cash in the amount of $180,930,599 and non-cash collateral with a value of $30,736,977. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
(c) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |||
(d) | Security was valued in good faith under procedures subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent less than 0.05% of net assets. | |||
(e) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(f) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
(g) | The rate shown represents the annualized seven-day yield as of September 30, 2023. |
BHFTI-95
Table of Contents
Brighthouse Funds Trust I
Brighthouse Small Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Glossary of Abbreviations
Index Abbreviations
(FEDEFF PRV) | Effective Federal Funds Rate | |||
(OBFR) | U.S. Overnight Bank Funding Rate | |||
(SOFR) | Secured Overnight Financing Rate |
Other Abbreviations
(REIT) | Real Estate Investment Trust |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Total Common Stocks* |
$ | 848,268,327 | $ | | $ | | $ | 848,268,327 | ||||||||
Total Escrow Shares* |
| | 0 | 0 | ||||||||||||
Total Short-Term Investment* |
| 21,733,753 | | 21,733,753 | ||||||||||||
Securities Lending Reinvestments |
| |||||||||||||||
Certificates of Deposit |
| 52,930,590 | | 52,930,590 | ||||||||||||
Commercial Paper |
| 12,001,468 | | 12,001,468 | ||||||||||||
Repurchase Agreements |
| 70,045,191 | | 70,045,191 | ||||||||||||
Time Deposit |
| 5,000,000 | | 5,000,000 | ||||||||||||
Mutual Funds |
41,000,000 | | | 41,000,000 | ||||||||||||
Total Securities Lending Reinvestments |
41,000,000 | 139,977,249 | | 180,977,249 | ||||||||||||
Total Investments |
$ | 889,268,327 | $ | 161,711,002 | $ | 0 | $ | 1,050,979,329 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (180,930,599 | ) | $ | | $ | (180,930,599 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2023 is not presented.
BHFTI-96
Table of Contents
Brighthouse Funds Trust I
Brighthouse/abrdn Emerging Markets Equity Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks91.7% of Net Assets
Security Description | Shares | Value | ||||||
Austria0.9% | ||||||||
Mondi PLC |
453,751 | $ | 7,575,142 | |||||
|
|
|||||||
Brazil5.9% | ||||||||
B3 SA - Brasil Bolsa Balcao |
5,009,122 | 12,247,388 | ||||||
MercadoLibre, Inc. (a) |
7,982 | 10,120,218 | ||||||
PRIO SA (a) |
650,023 | 6,083,115 | ||||||
Raia Drogasil SA |
2,664,404 | 14,640,427 | ||||||
WEG SA |
788,779 | 5,691,581 | ||||||
|
|
|||||||
48,782,729 | ||||||||
|
|
|||||||
Chile0.6% | ||||||||
Sociedad Quimica y Minera de Chile SA (ADR) (b) |
78,778 | 4,700,683 | ||||||
|
|
|||||||
China25.0% | ||||||||
Alibaba Group Holding Ltd. (a) |
3,557,700 | 38,570,431 | ||||||
Budweiser Brewing Co. APAC Ltd. |
3,296,000 | 6,467,277 | ||||||
China International Capital Corp. Ltd. - Class H |
4,036,800 | 7,366,118 | ||||||
China Resources Land Ltd. |
2,270,000 | 8,946,048 | ||||||
China Tourism Group Duty Free Corp. Ltd. - Class A |
344,583 | 5,069,255 | ||||||
China Tourism Group Duty Free Corp. Ltd. - Class H (b) |
350,800 | 4,611,277 | ||||||
Kweichow Moutai Co. Ltd. - Class A |
66,066 | 16,391,036 | ||||||
Li Auto, Inc. - Class A (a) |
565,400 | 10,111,870 | ||||||
Meituan - Class B (a) |
815,290 | 11,835,843 | ||||||
Midea Group Co. Ltd. - Class A |
1,732,688 | 13,171,735 | ||||||
NARI Technology Co. Ltd. - Class A |
3,275,056 | 9,954,021 | ||||||
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. - Class A |
296,077 | 10,964,515 | ||||||
Tencent Holdings Ltd. |
1,249,600 | 48,428,318 | ||||||
Wuxi Biologics Cayman, Inc. (a) |
1,767,500 | 10,380,882 | ||||||
Zhongsheng Group Holdings Ltd. |
1,629,000 | 4,585,839 | ||||||
|
|
|||||||
206,854,465 | ||||||||
|
|
|||||||
France2.0% | ||||||||
TotalEnergies SE |
254,972 | 16,779,034 | ||||||
|
|
|||||||
Hong Kong3.0% | ||||||||
AIA Group Ltd. |
2,048,400 | 16,569,644 | ||||||
Hong Kong Exchanges & Clearing Ltd. |
230,590 | 8,596,835 | ||||||
|
|
|||||||
25,166,479 | ||||||||
|
|
|||||||
India16.5% | ||||||||
HDFC Bank Ltd. |
1,700,306 | 31,127,944 | ||||||
Hindustan Unilever Ltd. |
515,221 | 15,270,191 | ||||||
Kotak Mahindra Bank Ltd. |
684,817 | 14,321,378 | ||||||
Maruti Suzuki India Ltd. |
87,279 | 11,129,173 | ||||||
Power Grid Corp. of India Ltd. |
7,050,979 | 16,990,999 | ||||||
SBI Life Insurance Co. Ltd. |
1,436,958 | 22,652,406 | ||||||
Tata Consultancy Services Ltd. |
320,387 | 13,576,660 | ||||||
UltraTech Cement Ltd. |
119,204 | 11,864,850 | ||||||
|
|
|||||||
136,933,601 | ||||||||
|
|
|||||||
Indonesia4.0% | ||||||||
Bank Central Asia Tbk PT |
10,296,900 | 5,874,574 | ||||||
Bank Negara Indonesia Persero Tbk PT |
3,697,600 | 2,469,255 | ||||||
Bank Rakyat Indonesia Persero Tbk PT |
46,964,311 | 15,871,549 | ||||||
Telkom Indonesia Persero Tbk PT |
38,233,700 | 9,273,162 | ||||||
|
|
|||||||
33,488,540 | ||||||||
|
|
|||||||
Kazakhstan1.6% | ||||||||
Kaspi.KZ JSC (GDR) |
137,443 | 13,304,482 | ||||||
|
|
|||||||
Mexico6.6% | ||||||||
Fomento Economico Mexicano SAB de CV (ADR) |
155,560 | 16,979,374 | ||||||
Grupo Aeroportuario del Sureste SAB de CV - Class B |
324,888 | 7,961,178 | ||||||
Grupo Financiero Banorte SAB de CV - Class O |
1,925,931 | 16,142,346 | ||||||
Southern Copper Corp. |
177,066 | 13,331,299 | ||||||
|
|
|||||||
54,414,197 | ||||||||
|
|
|||||||
Netherlands1.9% | ||||||||
ASM International NV |
21,363 | 8,921,172 | ||||||
ASML Holding NV |
11,802 | 6,930,596 | ||||||
|
|
|||||||
15,851,768 | ||||||||
|
|
|||||||
Peru0.5% | ||||||||
Credicorp Ltd. |
34,022 | 4,353,795 | ||||||
|
|
|||||||
Russia0.0% | ||||||||
Lukoil PJSC (a) (c) (d) |
255,685 | 0 | ||||||
Novatek PJSC (a) (c) (d) |
928,138 | 0 | ||||||
Sberbank of Russia PJSC (a) (c) (d) |
1,645,424 | 0 | ||||||
|
|
|||||||
0 | ||||||||
|
|
|||||||
Saudi Arabia2.2% | ||||||||
Al Rajhi Bank |
560,089 | 10,141,365 | ||||||
Saudi Arabian Oil Co. |
858,250 | 8,009,909 | ||||||
|
|
|||||||
18,151,274 | ||||||||
|
|
|||||||
South Africa1.9% | ||||||||
Anglo American Platinum Ltd. |
148,626 | 5,541,179 | ||||||
Sanlam Ltd. |
2,888,342 | 9,992,999 | ||||||
|
|
|||||||
15,534,178 | ||||||||
|
|
|||||||
South Korea3.4% | ||||||||
HD Korea Shipbuilding & Offshore Engineering Co. Ltd. (a) |
46,238 | 3,801,991 | ||||||
LG Chem Ltd. |
40,813 | 15,005,271 | ||||||
Samsung Engineering Co. Ltd. (a) |
389,218 | 8,720,934 | ||||||
|
|
|||||||
27,528,196 | ||||||||
|
|
|||||||
Taiwan13.6% | ||||||||
Accton Technology Corp. |
611,000 | 9,332,533 | ||||||
Delta Electronics, Inc. |
938,000 | 9,430,055 | ||||||
Hon Hai Precision Industry Co. Ltd. |
3,266,000 | 10,528,516 | ||||||
MediaTek, Inc. |
506,000 | 11,559,805 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. |
4,451,000 | 72,231,237 | ||||||
|
|
|||||||
113,082,146 | ||||||||
|
|
|||||||
United Arab Emirates1.1% | ||||||||
Americana Restaurants International PLC |
8,503,148 | 9,493,287 | ||||||
|
|
|||||||
United States1.0% | ||||||||
Globant SA (a) (b) |
42,321 | 8,373,210 | ||||||
|
|
|||||||
Total Common Stocks |
760,367,206 | |||||||
|
|
BHFTI-97
Table of Contents
Brighthouse Funds Trust I
Brighthouse/abrdn Emerging Markets Equity Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Preferred Stocks7.6%
Security Description | Shares/ Principal |
Value | ||||||
Brazil1.4% | ||||||||
Itausa SA (a) |
6,407,002 | $ | 11,535,421 | |||||
|
|
|||||||
South Korea6.2% | ||||||||
Samsung Electronics Co. Ltd. |
1,278,618 | 51,621,197 | ||||||
|
|
|||||||
Total Preferred Stocks |
63,156,618 | |||||||
|
|
|||||||
Short-Term Investment0.9% |
| |||||||
Repurchase Agreement0.9% | ||||||||
Fixed Income Clearing Corp. |
7,378,830 | 7,378,830 | ||||||
|
|
|||||||
Total Short-Term Investments |
7,378,830 | |||||||
|
|
|||||||
Securities Lending Reinvestments (e)0.3% |
| |||||||
Repurchase Agreements0.3% | ||||||||
Cantor Fitzgerald & Co. |
500,000 | 500,000 | ||||||
Citigroup Global Markets, Inc. |
100,000 | 100,000 | ||||||
ING Financial Markets LLC |
135,670 | 135,670 | ||||||
National Bank Financial, Inc. |
500,000 | 500,000 | ||||||
National Bank of Canada |
500,000 | 500,000 | ||||||
Repurchase Agreements(Continued) | ||||||||
Societe Generale |
500,000 | 500,000 | ||||||
|
|
|||||||
2,235,670 | ||||||||
|
|
|||||||
Mutual Funds 0.0% | ||||||||
Fidelity Investments Money Market Government Portfolio, |
100,000 | 100,000 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (f) |
100,000 | 100,000 | ||||||
Western Asset Institutional Government Reserves Fund, |
100,000 | 100,000 | ||||||
|
|
|||||||
300,000 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
2,535,670 | |||||||
|
|
|||||||
Total Investments100.5% |
833,438,324 | |||||||
Other assets and liabilities (net)(0.5)% |
(4,490,638 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 828,947,686 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |
| Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2023, the market value of restricted securities was $0, which is 0.0% of net assets. See details shown in the Restricted Securities table that follows. | |
(a) | Non-income producing security. | |
(b) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $6,472,265 and the collateral received consisted of cash in the amount of $2,535,670 and non-cash collateral with a value of $4,182,247. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |
(c) | Security was valued in good faith under procedures subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent less than 0.05% of net assets. | |
(d) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |
(e) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |
(f) | The rate shown represents the annualized seven-day yield as of September 30, 2023. |
Restricted Securities |
Acquisition Date |
Shares | Cost | Value | ||||||||||||
Sberbank of Russia PJSC |
04/12/19-10/13/21 | 1,645,424 | $ | 5,699,395 | $ | 0 | ||||||||||
|
|
BHFTI-98
Table of Contents
Brighthouse Funds Trust I
Brighthouse/abrdn Emerging Markets Equity Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Ten Largest Industries as of September 30, 2023 (Unaudited) |
% of |
|||
Banks |
13.5 | |||
Semiconductors & Semiconductor Equipment |
12.0 | |||
Technology Hardware, Storage & Peripherals |
6.2 | |||
Insurance |
5.9 | |||
Broadline Retail |
5.9 | |||
Interactive Media & Services |
5.8 | |||
Beverages |
4.8 | |||
Oil, Gas & Consumable Fuels |
3.7 | |||
Capital Markets |
3.4 | |||
IT Services |
2.6 |
Glossary of Abbreviations
Other Abbreviations
(ADR) | American Depositary Receipt | |
(GDR) | Global Depositary Receipt |
BHFTI-99
Table of Contents
Brighthouse Funds Trust I
Brighthouse/abrdn Emerging Markets Equity Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
| |||||||||||||||
Austria |
$ | | $ | 7,575,142 | $ | | $ | 7,575,142 | ||||||||
Brazil |
48,782,729 | | | 48,782,729 | ||||||||||||
Chile |
4,700,683 | | | 4,700,683 | ||||||||||||
China |
| 206,854,465 | | 206,854,465 | ||||||||||||
France |
| 16,779,034 | | 16,779,034 | ||||||||||||
Hong Kong |
| 25,166,479 | | 25,166,479 | ||||||||||||
India |
| 136,933,601 | | 136,933,601 | ||||||||||||
Indonesia |
| 33,488,540 | | 33,488,540 | ||||||||||||
Kazakhstan |
13,304,482 | | | 13,304,482 | ||||||||||||
Mexico |
54,414,197 | | | 54,414,197 | ||||||||||||
Netherlands |
| 15,851,768 | | 15,851,768 | ||||||||||||
Peru |
4,353,795 | | | 4,353,795 | ||||||||||||
Russia |
| | 0 | 0 | ||||||||||||
Saudi Arabia |
| 18,151,274 | | 18,151,274 | ||||||||||||
South Africa |
| 15,534,178 | | 15,534,178 | ||||||||||||
South Korea |
| 27,528,196 | | 27,528,196 | ||||||||||||
Taiwan |
| 113,082,146 | | 113,082,146 | ||||||||||||
United Arab Emirates |
| 9,493,287 | | 9,493,287 | ||||||||||||
United States |
8,373,210 | | | 8,373,210 | ||||||||||||
Total Common Stocks |
133,929,096 | 626,438,110 | 0 | 760,367,206 | ||||||||||||
Preferred Stocks |
| |||||||||||||||
Brazil |
11,535,421 | | | 11,535,421 | ||||||||||||
South Korea |
| 51,621,197 | | 51,621,197 | ||||||||||||
Total Preferred Stocks |
11,535,421 | 51,621,197 | | 63,156,618 | ||||||||||||
Total Short-Term Investment* |
| 7,378,830 | | 7,378,830 | ||||||||||||
Securities Lending Reinvestments |
| |||||||||||||||
Repurchase Agreements |
| 2,235,670 | | 2,235,670 | ||||||||||||
Mutual Funds |
300,000 | | | 300,000 | ||||||||||||
Total Securities Lending Reinvestments |
300,000 | 2,235,670 | | 2,535,670 | ||||||||||||
Total Investments |
$ | 145,764,517 | $ | 687,673,807 | $ | 0 | $ | 833,438,324 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (2,535,670 | ) | $ | | $ | (2,535,670 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2023 is not presented.
BHFTI-100
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Artisan International Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks 90.5% of Net Assets
Security Description | Shares |
Value | ||||||
Belgium 1.8% | ||||||||
UCB SA |
192,677 | $ | 15,766,279 | |||||
|
|
|||||||
Canada 5.7% | ||||||||
Canadian National Railway Co. (a) |
169,400 | 18,344,963 | ||||||
Canadian Pacific Kansas City Ltd. (a) |
365,300 | 27,153,093 | ||||||
Kinaxis, Inc. (b) |
27,600 | 3,112,658 | ||||||
|
|
|||||||
48,610,714 | ||||||||
|
|
|||||||
Denmark 8.2% | ||||||||
Ascendis Pharma AS (ADR) (b) |
111,715 | 10,460,993 | ||||||
Carlsberg ASClass B |
53,490 | 6,740,333 | ||||||
Danske Bank AS |
458,982 | 10,690,990 | ||||||
Novo Nordisk AS |
358,460 | 32,607,614 | ||||||
Novo Nordisk AS (ADR) |
109,170 | 9,927,920 | ||||||
|
|
|||||||
70,427,850 | ||||||||
|
|
|||||||
France 12.2% | ||||||||
Air Liquide SA |
242,532 | 40,870,766 | ||||||
Airbus SE |
98,555 | 13,184,927 | ||||||
AXA SA |
172,057 | 5,096,385 | ||||||
BNP Paribas SA |
404,462 | 25,749,241 | ||||||
Pernod Ricard SA |
27,600 | 4,594,320 | ||||||
Safran SA |
59,533 | 9,308,223 | ||||||
Schneider Electric SE |
32,849 | 5,415,577 | ||||||
|
|
|||||||
104,219,439 | ||||||||
|
|
|||||||
Germany 10.1% | ||||||||
Allianz SE |
104,658 | 24,956,900 | ||||||
Deutsche Boerse AG |
145,090 | 25,078,123 | ||||||
Deutsche Telekom AG |
1,545,922 | 32,463,491 | ||||||
RWE AG |
115,908 | 4,307,339 | ||||||
|
|
|||||||
86,805,853 | ||||||||
|
|
|||||||
Hong Kong 0.4% | ||||||||
AIA Group Ltd. |
443,600 | 3,588,310 | ||||||
|
|
|||||||
Ireland 0.4% | ||||||||
CRH PLC |
55,570 | 3,064,972 | ||||||
|
|
|||||||
Japan 3.1% | ||||||||
Daiichi Sankyo Co. Ltd. |
689,900 | 18,934,874 | ||||||
Nippon Sanso Holdings Corp. |
305,133 | 7,231,833 | ||||||
|
|
|||||||
26,166,707 | ||||||||
|
|
|||||||
Netherlands 4.2% | ||||||||
Argenx SE (b) |
1,601 | 778,344 | ||||||
Argenx SE (ADR) (b) |
28,744 | 14,131,413 | ||||||
Ferrovial SE |
342,112 | 10,431,404 | ||||||
Heineken NV |
124,662 | 10,966,212 | ||||||
|
|
|||||||
36,307,373 | ||||||||
|
|
|||||||
Russia 0.0% | ||||||||
MMC Norilsk Nickel PJSC (ADR) (b) (c) (d) |
680,186 | 0 | ||||||
Sberbank of Russia PJSC (b) (c) (d) |
5,306,492 | 0 | ||||||
|
|
|||||||
0 | ||||||||
|
|
|||||||
Security Description | Shares/ Principal Amount* |
Value | ||||||
Singapore 2.3% | ||||||||
DBS Group Holdings Ltd. |
415,129 | 10,193,282 | ||||||
United Overseas Bank Ltd. |
467,442 | 9,730,851 | ||||||
|
|
|||||||
19,924,133 | ||||||||
|
|
|||||||
Switzerland 16.4% | ||||||||
Alcon, Inc. |
217,164 | 16,781,255 | ||||||
Cie Financiere Richemont SAClass A |
219,806 | 26,781,700 | ||||||
Lonza Group AG |
5,393 | 2,495,055 | ||||||
Medacta Group SA |
67,748 | 8,560,120 | ||||||
Nestle SA |
303,013 | 34,216,649 | ||||||
UBS Group AG |
2,086,290 | 51,568,414 | ||||||
|
|
|||||||
140,403,193 | ||||||||
|
|
|||||||
United Kingdom 10.3% | ||||||||
AstraZeneca PLC |
84,035 | 11,309,161 | ||||||
AstraZeneca PLC (ADR) |
178,604 | 12,095,063 | ||||||
BAE Systems PLC |
1,069,731 | 12,985,318 | ||||||
Diageo PLC |
183,532 | 6,768,445 | ||||||
Experian PLC |
109,014 | 3,561,395 | ||||||
Reckitt Benckiser Group PLC |
206,081 | 14,563,825 | ||||||
RELX PLC |
462,034 | 15,581,917 | ||||||
Unilever PLC |
221,471 | 10,929,182 | ||||||
|
|
|||||||
87,794,306 | ||||||||
|
|
|||||||
United States 15.4% | ||||||||
Amazon.com, Inc. (b) |
301,912 | 38,379,053 | ||||||
Aon PLCClass A |
88,352 | 28,645,485 | ||||||
CRH PLC |
7,639 | 418,083 | ||||||
Linde PLC |
116,591 | 43,412,659 | ||||||
Schlumberger NV |
368,470 | 21,481,801 | ||||||
|
|
|||||||
132,337,081 | ||||||||
|
|
|||||||
Total Common Stocks |
775,416,210 | |||||||
|
|
|||||||
Equity Linked Security 2.7% | ||||||||
United Kingdom 2.7% | ||||||||
Ryanair Holdings PLC (HSBC Bank PLC) Expires 10/31/23 (b)(e) |
1,394,045 | 23,456,389 | ||||||
|
|
|||||||
Short-Term Investment 6.5% | ||||||||
Repurchase Agreement 6.5% | ||||||||
Fixed Income Clearing Corp. |
55,540,422 | 55,540,422 | ||||||
|
|
BHFTI-101
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Artisan International Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Short-Term Investment(Continued)
Security Description | Value | |||||||
Total Short-Term Investments |
$ | 55,540,422 | ||||||
|
|
|||||||
Total Investments 99.7% |
854,413,021 | |||||||
Other assets and liabilities (net) 0.3% |
2,898,846 | |||||||
|
|
|||||||
Net Assets 100.0% |
857,311,867 | |||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2023, the market value of restricted securities was $0, which is 0.0% of net assets. See details shown in the Restricted Securities table that follows. | |||
(a) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $5,312,085 and the collateral received consisted of non-cash collateral with a value of $6,039,836. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
(b) | Non-income producing security. | |||
(c) | Security was valued in good faith under procedures subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent less than 0.05% of net assets. | |||
(d) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |||
(e) | Security whose performance, including redemption at maturity, is linked to the price of the underlying equity security. The investment is subject to credit risk of the issuing financial institution (HSBC Bank PLC) in addition to the market risk of the underlying security. |
Restricted Securities |
Acquisition Date |
Shares | Cost | Value | ||||||||||||
Sberbank of Russia PJSC |
09/16/21-02/11/22 | 5,306,492 | $ | 22,350,736 | $ | 0 | ||||||||||
|
|
Ten Largest Industries as of September 30, 2023 (Unaudited) |
% of |
|||
Pharmaceuticals |
11.7 | |||
Chemicals |
10.7 | |||
Banks |
9.3 | |||
Capital Markets |
8.9 | |||
Insurance |
7.3 | |||
Ground Transportation |
5.3 | |||
Broadline Retail |
4.5 | |||
Aerospace & Defense |
4.1 | |||
Food Products |
4.0 | |||
Diversified Telecommunication Services |
3.8 |
Glossary of Abbreviations
Other Abbreviations
(ADR) | American Depositary Receipt |
BHFTI-102
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Artisan International Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
| |||||||||||||||
Belgium |
$ | | $ | 15,766,279 | $ | | $ | 15,766,279 | ||||||||
Canada |
48,610,714 | | | 48,610,714 | ||||||||||||
Denmark |
20,388,913 | 50,038,937 | | 70,427,850 | ||||||||||||
France |
| 104,219,439 | | 104,219,439 | ||||||||||||
Germany |
| 86,805,853 | | 86,805,853 | ||||||||||||
Hong Kong |
| 3,588,310 | | 3,588,310 | ||||||||||||
Ireland |
| 3,064,972 | | 3,064,972 | ||||||||||||
Japan |
| 26,166,707 | | 26,166,707 | ||||||||||||
Netherlands |
14,131,413 | 22,175,960 | | 36,307,373 | ||||||||||||
Russia |
| | 0 | 0 | ||||||||||||
Singapore |
| 19,924,133 | | 19,924,133 | ||||||||||||
Switzerland |
| 140,403,193 | | 140,403,193 | ||||||||||||
United Kingdom |
12,095,063 | 75,699,243 | | 87,794,306 | ||||||||||||
United States |
132,337,081 | | | 132,337,081 | ||||||||||||
Total Common Stocks |
227,563,184 | 547,853,026 | 0 | 775,416,210 | ||||||||||||
Total Equity Linked Security* |
| 23,456,389 | | 23,456,389 | ||||||||||||
Total Short-Term Investment* |
| 55,540,422 | | 55,540,422 | ||||||||||||
Total Investments |
$ | 227,563,184 | $ | 626,849,837 | $ | 0 | $ | 854,413,021 | ||||||||
* | See Schedule of Investments for additional detailed categorizations. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2023 is not presented.
BHFTI-103
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Floating Rate Loans (a)94.4% of Net Assets
Security Description | Principal Amount* |
Value | ||||||
Aerospace/Defense2.1% | ||||||||
Barnes Group, Inc. |
525,000 | $ | 526,406 | |||||
Dynasty Acquisition Co., Inc. |
||||||||
2023 Term Loan B1, 9.316%, 1M TSFR + 4.000%, 08/24/28 |
2,367,796 | 2,366,920 | ||||||
2023 Term Loan B2, 9.316%, 1M TSFR + 4.000%, 08/24/28 |
1,014,770 | 1,014,394 | ||||||
TransDigm, Inc. |
||||||||
2022 Term Loan H, 8.640%, 3M TSFR + 3.250%, 02/22/27 |
1,613,358 | 1,617,009 | ||||||
Term Loan I, 8.640%, 3M TSFR + 3.250%, 08/24/28 |
4,077,784 | 4,083,273 | ||||||
WP CPP Holdings LLC |
2,552,790 | 2,410,107 | ||||||
|
|
|||||||
12,018,109 | ||||||||
|
|
|||||||
Agriculture0.1% | ||||||||
Alltech, Inc. |
515,813 | 501,628 | ||||||
|
|
|||||||
Airlines0.3% | ||||||||
American Airlines, Inc. |
950,000 | 980,222 | ||||||
Mileage Plus Holdings LLC |
543,750 | 565,908 | ||||||
|
|
|||||||
1,546,130 | ||||||||
|
|
|||||||
Apparel0.3% | ||||||||
Hanesbrands, Inc. |
1,492,500 | 1,466,381 | ||||||
|
|
|||||||
Auto Parts & Equipment1.4% | ||||||||
Adient U.S. LLC |
571,500 | 572,368 | ||||||
Autokiniton U.S. Holdings, Inc. |
2,206,818 | 2,165,440 | ||||||
Clarios Global LP |
||||||||
Incremental Term Loan, 9.066%, 1M TSFR + 3.750%, 05/06/30 |
2,325,000 | 2,325,291 | ||||||
DexKo Global, Inc. |
||||||||
2021 USD Term Loan B, 9.402%, 3M TSFR + 3.750%, 10/04/28 |
886,500 | 866,415 | ||||||
Garrett LX I Sarl |
732,143 | 733,973 | ||||||
USD Term Loan B, 8.881%, 3M TSFR + 3.250%, 04/30/28 |
661,501 | 659,847 | ||||||
RealTruck Group, Inc. |
||||||||
2023 Incremental Term Loan, 01/31/28 |
700,000 | 686,000 | ||||||
|
|
|||||||
8,009,334 | ||||||||
|
|
|||||||
Banks0.3% | ||||||||
Walker & Dunlop, Inc. |
||||||||
2022 Incremental Term Loan B, 8.416%, 1M TSFR + 3.000%, 12/16/28 |
771,125 | 774,017 | ||||||
Term Loan, 7.666%, 1M TSFR + 2.250%, 12/16/28 |
1,179,000 | 1,178,263 | ||||||
|
|
|||||||
1,952,280 | ||||||||
|
|
|||||||
Beverages0.6% | ||||||||
Arterra Wines Canada, Inc. |
899,563 | 867,114 | ||||||
City Brewing Co. LLC |
||||||||
Closing Date Term Loan, 9.070%, 3M TSFR + 3.500%, 04/05/28 |
660,884 | 438,827 | ||||||
Triton Water Holdings, Inc. |
2,067,944 | 2,026,770 | ||||||
|
|
|||||||
3,332,711 | ||||||||
|
|
|||||||
Building Materials2.7% | ||||||||
ACProducts, Inc. |
2,812,762 | 2,333,186 | ||||||
Chamberlain Group, Inc. |
1,694,813 | 1,672,744 | ||||||
Cornerstone Building Brands, Inc. |
780,000 | 761,232 | ||||||
CPG International, Inc. |
965,250 | 965,250 | ||||||
Emrld Borrower LP |
1,125,000 | 1,124,825 | ||||||
Icebox Holdco III, Inc. |
||||||||
1st Lien Term Loan, 9.150%, 3M TSFR + 3.750%, 12/22/28 |
909,607 | 906,385 | ||||||
Janus International Group LLC |
||||||||
2023 Term Loan B, 8.677%, 1M TSFR + 3.250%, 07/25/30 |
250,000 | 249,531 | ||||||
MI Windows & Doors LLC |
258,054 | 258,699 | ||||||
Oscar Acquisition Co. LLC |
940,500 | 931,330 | ||||||
Quikrete Holdings, Inc. |
||||||||
1st Lien Term Loan, 8.056%, 1M TSFR + 2.625%, 02/01/27 |
4,149,379 | 4,148,603 | ||||||
2023 Term Loan B, 8.181%, 1M TSFR + 2.750%, 03/19/29 |
2,265,500 | 2,267,861 | ||||||
|
|
|||||||
15,619,646 | ||||||||
|
|
|||||||
Chemicals5.0% | ||||||||
Aruba Investments, Inc. |
||||||||
USD Term Loan, 9.416%, 1M TSFR + 4.000%, 11/24/27 |
658,193 | 647,497 | ||||||
Axalta Coating Systems U.S. Holdings, Inc. |
||||||||
2023 USD Term Loan B4, 7.900%, 3M TSFR + 2.500%, 12/20/29 |
1,426,300 | 1,430,659 | ||||||
CPC Acquisition Corp. |
608,550 | 505,097 | ||||||
INEOS Enterprises Holdings U.S. Finco LLC |
||||||||
2023 USD 1st Lien Term Loan B, 9.273%, 3M TSFR + 3.750%, 06/23/30 |
500,000 | 498,125 | ||||||
INEOS Quattro Holdings U.K. Ltd. |
||||||||
2023 USD Term Loan, 9.166%, 1M TSFR + 3.750%, 03/14/30 |
448,875 | 448,314 | ||||||
INEOS Styrolution U.S. Holding LLC |
||||||||
2021 USD Term Loan B, 8.181%, 1M TSFR + 2.750%, 01/29/26 |
2,248,250 | 2,244,034 | ||||||
INEOS U.S. Finance LLC |
||||||||
2022 USD Term Loan B, 9.068%, 1M TSFR + 3.750%, 11/08/27 |
2,961,680 | 2,954,275 | ||||||
USD Term Loan B, 7.818%, 1M TSFR + 2.500%, 11/08/28 |
664,875 | 660,067 | ||||||
USD Term Loan B, 8.818%, 1M TSFR + 3.500%, 02/18/30 |
1,321,688 | 1,315,079 |
BHFTI-104
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Floating Rate Loans (a)(Continued)
Security Description | Principal Amount* |
Value | ||||||
Chemicals(Continued) | ||||||||
Kraton Corp. |
||||||||
USD Term Loan, 8.921%, 3M TSFR + 3.250%, 03/15/29 |
492,500 | $ | 486,497 | |||||
Lonza Group AG |
||||||||
USD Term Loan B, 9.325%, 3M TSFR + 3.925%, 07/03/28 |
1,786,914 | 1,590,353 | ||||||
Messer Industries GmbH |
||||||||
USD Term Loan, 8.152%, 3M TSFR + 2.500%, 03/02/26 |
1,372,077 | 1,372,898 | ||||||
Momentive Performance Materials, Inc. |
3,261,617 | 3,182,794 | ||||||
Olympus Water U.S. Holding Corp. |
||||||||
Incremental Term Loan, 9.990%, 3M TSFR + 4.500%, 11/09/28 |
394,000 | 392,954 | ||||||
USD Term Loan B, 9.402%, 3M TSFR + 3.750%, 11/09/28 |
2,481,061 | 2,453,471 | ||||||
PMHC II, Inc. |
1,736,842 | 1,648,070 | ||||||
PQ Corp. |
2,258,025 | 2,253,439 | ||||||
Starfruit Finco BV |
||||||||
2018 USD Term Loan B, 8.427%, 1M TSFR + 3.000%, 10/01/25 |
771,867 | 773,315 | ||||||
2023 Term Loan, 9.347%, 3M TSFR + 4.000%, 04/03/28 |
673,313 | 666,159 | ||||||
Tronox Finance LLC |
||||||||
2023 Incremental Term Loan B, 8.832%, 3M TSFR + 3.500%, 08/16/28 |
500,000 | 496,094 | ||||||
Incremental Term Loan, 8.550%, 3M TSFR + 3.250%, 04/04/29 |
270,875 | 267,941 | ||||||
Term Loan B, 7.931%, 1M TSFR + 2.500%, 03/10/28 |
1,353,000 | 1,331,578 | ||||||
W.R. Grace & Co.-Conn. |
1,228,125 | 1,224,441 | ||||||
|
|
|||||||
28,843,151 | ||||||||
|
|
|||||||
Coal0.1% | ||||||||
Oxbow Carbon LLC |
573,563 | 573,204 | ||||||
|
|
|||||||
573,204 | ||||||||
|
|
|||||||
Commercial Services10.2% | ||||||||
AEA International Holdings Sarl |
3,094,875 | 3,089,072 | ||||||
Albion Financing 3 Sarl |
||||||||
USD Add on Term Loan B, 10.883%, 3M TSFR + 5.500%, 08/17/26 |
298,500 | 299,246 | ||||||
USD Term Loan, 10.857%, 3M TSFR + 5.250%, 08/17/26 |
2,186,063 | 2,192,439 | ||||||
AlixPartners LLP |
||||||||
USD Term Loan B, 8.068%, 1M TSFR + 2.750%, 02/04/28 |
573,529 | 573,808 | ||||||
Allied Universal Holdco LLC |
||||||||
USD Incremental Term Loan B, 9.166%, 1M TSFR + 3.750%, 05/12/28 |
2,782,281 | 2,693,279 | ||||||
American Residential Services LLC |
534,875 | 534,206 | ||||||
APFS Staffing Holdings, Inc. |
295,500 | 292,037 | ||||||
APi Group DE, Inc. |
||||||||
Incremental Term Loan B, 8.181%, 1M TSFR + 2.750%, 01/03/29 |
805,887 | 808,204 | ||||||
Commercial Services(Continued) | ||||||||
ASGN, Inc. |
||||||||
2023 Term Loan B, 7.650%, 3M TSFR + 2.250%, 08/30/30 |
375,000 | 376,563 | ||||||
Belron Finance U.S. LLC |
872,813 | 874,722 | ||||||
USD Term Loan B, 8.057%, 3M TSFR + 2.425%, 04/13/28 |
853,125 | 852,725 | ||||||
CCRR Parent, Inc. |
1,507,147 | 1,441,209 | ||||||
CHG Healthcare Services, Inc. |
||||||||
2023 Incremental Term Loan, 09/29/28 |
400,000 | 400,417 | ||||||
Term Loan, 8.568%, 1M TSFR + 3.250%, 09/29/28 |
1,176,000 | 1,172,325 | ||||||
CoreLogic, Inc. |
2,378,931 | 2,203,979 | ||||||
Corp. Service Co. |
357,188 | 357,589 | ||||||
EAB Global, Inc. |
2,245,112 | 2,233,186 | ||||||
Electro Rent Corp. |
||||||||
2022 Term Loan, 11.002%, 3M TSFR + 5.500%, 11/01/24 |
1,864,871 | 1,804,263 | ||||||
Employbridge Holding Co. |
||||||||
2021 Term Loan B, 10.259%, 3M TSFR + 4.750%, 07/19/28 |
1,592,500 | 1,440,964 | ||||||
Ensemble RCM LLC |
2,579,234 | 2,585,414 | ||||||
Foundational Education Group, Inc. |
||||||||
1st Lien Term Loan, 9.881%, 3M TSFR + 4.250%, 08/31/28 |
589,500 | 560,025 | ||||||
Garda World Security Corp. |
1,803,894 | 1,806,826 | ||||||
Term Loan B, 9.746%, 3M TSFR + 4.250%, 02/01/29 |
497,487 | 497,976 | ||||||
GTCR W Merger Sub LLC |
||||||||
USD Term Loan B, 09/20/30 |
3,000,000 | 3,001,176 | ||||||
Hertz Corp. |
1,898,667 | 1,899,984 | ||||||
Term Loan C, 8.568%, 1M TSFR + 3.250%, 06/30/28 |
366,062 | 366,316 | ||||||
KUEHG Corp. |
1,375,000 | 1,379,125 | ||||||
Monitronics International, Inc. |
||||||||
2023 Exit Term Loan, 13.078%, 3M TSFR + 7.500%, 06/30/28 |
929,872 | 940,379 | ||||||
NAB Holdings LLC |
3,480,169 | 3,474,576 | ||||||
Neptune Bidco U.S., Inc. |
||||||||
USD Term Loan B, 10.399%, 3M TSFR + 5.000%, 04/11/29 |
1,895,250 | 1,710,124 | ||||||
PECF USS Intermediate Holding III Corp. |
687,750 | 554,104 | ||||||
Prime Security Services Borrower LLC |
1,752,259 | 1,752,060 | ||||||
SCUR-Alpha 1503 GmbH |
||||||||
USD Term Loan B1, 10.869%, 3M TSFR + 5.500%, 03/29/30 |
522,378 | 484,506 | ||||||
Sothebys |
770,819 | 753,154 | ||||||
Spin Holdco, Inc. |
3,948,750 | 3,426,157 | ||||||
Spring Education Group, Inc. |
350,000 | 345,625 | ||||||
TMF Sapphire Bidco BV |
||||||||
2023 USD Term Loan B, 10.370%, 1M TSFR + 5.000%, 05/03/28 |
400,000 | 401,500 |
BHFTI-105
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Floating Rate Loans (a)(Continued)
Security Description | Principal Amount* |
Value | ||||||
Commercial Services(Continued) | ||||||||
Trans Union LLC |
1,970,779 | $ | 1,970,881 | |||||
Term Loan B6, 7.681%, 1M TSFR + 2.250%, 12/01/28 |
2,529,197 | 2,532,116 | ||||||
TruGreen Ltd. Partnership |
534,875 | 510,471 | ||||||
TTF Holdings LLC |
539,106 | 540,005 | ||||||
Vaco Holdings LLC |
743,608 | 717,272 | ||||||
Verscend Holding Corp. |
2,017,747 | 2,021,058 | ||||||
Wex, Inc. |
438,750 | 439,744 | ||||||
|
|
|||||||
58,310,807 | ||||||||
|
|
|||||||
Computers2.9% | ||||||||
Imprivata, Inc. |
||||||||
Incremental Term Loan, 9.550%, 1M TSFR + 4.250%, 12/01/27 |
246,875 | 247,801 | ||||||
Term Loan, 9.181%, 1M TSFR + 3.750%, 12/01/27 |
1,048,125 | 1,049,435 | ||||||
Magenta Buyer LLC |
||||||||
USD 1st Lien Term Loan, 10.631%, 3M SOFR + 5.000%, 07/27/28 |
1,728,617 | 1,297,697 | ||||||
USD 2nd Lien Term Loan, 13.881%, 3M SOFR + 8.250%, 07/27/29 |
1,075,000 | 499,875 | ||||||
McAfee LLC |
||||||||
USD Term Loan B, 9.180%, 1M TSFR + 3.750%, 03/01/29 |
2,514,394 | 2,462,535 | ||||||
NCR Atleos LLC |
1,325,000 | 1,277,797 | ||||||
NCR Corp. |
1,361,673 | 1,362,694 | ||||||
Redstone Holdco 2 LP |
1,467,677 | 1,262,203 | ||||||
SITEL Worldwide Corp. |
||||||||
USD Term Loan, 9.181%, 1M TSFR + 3.750%, 08/28/28 |
1,984,500 | 1,934,060 | ||||||
Tempo Acquisition LLC |
||||||||
2023 Term Loan B, 8.480%, 1M TSFR + 3.000%, 08/31/28 |
1,525,052 | 1,526,482 | ||||||
Verifone Systems, Inc. |
||||||||
1st Lien Term Loan, 9.653%, 3M TSFR + 4.000%, 08/20/25 |
2,719,880 | 2,536,853 | ||||||
Vision Solutions, Inc. |
||||||||
Incremental Term Loan, 9.863%, 3M TSFR + 4.000%, 04/24/28 |
1,348,667 | 1,312,421 | ||||||
|
|
|||||||
16,769,853 | ||||||||
|
|
|||||||
Cosmetics/Personal Care0.8% | ||||||||
Conair Holdings LLC |
1,568,000 | 1,503,320 | ||||||
Journey Personal Care Corp. |
1,545,749 | 1,459,767 | ||||||
Sunshine Luxembourg VII Sarl |
1,901,250 | 1,900,986 | ||||||
|
|
|||||||
4,864,073 | ||||||||
|
|
|||||||
Distribution/Wholesale0.7% | ||||||||
Core & Main LP |
1,421,000 | 1,422,954 | ||||||
Gloves Buyer, Inc. |
1,654,087 | 1,608,600 | ||||||
Windsor Holdings III LLC |
||||||||
USD Term Loan B, 9.830%, 1M TSFR + 4.500%, 08/01/30 |
1,075,000 | 1,071,417 | ||||||
|
|
|||||||
4,102,971 | ||||||||
|
|
|||||||
Diversified Financial Services4.9% | ||||||||
Advisor Group, Inc. |
||||||||
2023 Term Loan B, 9.900%, 3M TSFR + 4.500%, 08/17/28 |
1,448,709 | 1,451,124 | ||||||
Aretec Group, Inc. |
||||||||
2023 Incremental Term Loan, 9.818%, 1M TSFR + 4.500%, 08/09/30 |
798,000 | 793,810 | ||||||
Term Loan, 9.568%, 1M TSFR + 4.250%, 10/01/25 |
3,560,387 | 3,564,282 | ||||||
Astra Acquisition Corp. |
||||||||
1st Lien Term Loan, 10.902%, 3M TSFR + 5.250%, 10/25/28 |
1,187,371 | 895,723 | ||||||
Avolon TLB Borrower 1 (U.S.) LLC |
1,653,250 | 1,655,110 | ||||||
Citadel Securities LP |
||||||||
2023 Term Loan B, 7.817%, 3M TSFR + 2.500%, 07/29/30 |
748,125 | 747,541 | ||||||
Deerfield Dakota Holding LLC |
||||||||
USD Term Loan B, 9.140%, 3M TSFR + 3.750%, 04/09/27 |
1,838,250 | 1,799,954 | ||||||
Ditech Holding Corp. |
1,717,471 | 188,922 | ||||||
Edelman Financial Center LLC |
1,710,625 | 1,695,977 | ||||||
Fiserv Investment Solutions, Inc. |
483,750 | 456,337 | ||||||
Focus Financial Partners LLC |
||||||||
2022 Term Loan B5, 8.566%, 1M TSFR + 3.250%, 06/30/28 |
346,500 | 346,476 | ||||||
2023 Term Loan B6, 06/30/28 (d) |
650,000 | 650,406 | ||||||
Term Loan B4, 7.816%, 1M TSFR + 2.500%, 06/30/28 |
1,002,408 | 1,000,797 | ||||||
Franklin Square Holdings LP |
474,997 | 476,185 | ||||||
Guggenheim Partners LLC |
||||||||
2022 Term Loan B, 8.650%, 3M TSFR + 3.250%, 12/12/29 |
4,478,877 | 4,491,006 | ||||||
HighTower Holdings LLC |
2,481,013 | 2,474,810 | ||||||
Hudson River Trading LLC |
2,293,645 | 2,283,133 | ||||||
LHS Borrower LLC |
||||||||
2022 Term Loan B, 10.060%, 1M TSFR + 4.750%, 02/16/29 |
634,438 | 581,303 | ||||||
NFP Corp. |
1,096,059 | 1,084,300 | ||||||
Victory Capital Holdings, Inc. |
||||||||
Incremental Term Loan B, 7.619%, 3M TSFR + 2.250%, 12/29/28 |
482,673 | 482,472 | ||||||
Term Loan B, 7.619%, 3M TSFR + 2.250%, 07/01/26 |
768,058 | 768,538 | ||||||
|
|
|||||||
27,888,206 | ||||||||
|
|
|||||||
Electric0.2% | ||||||||
Calpine Corp. |
1,419,176 | 1,419,927 | ||||||
|
|
BHFTI-106
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Floating Rate Loans (a)(Continued)
Security Description | Principal Amount* |
Value | ||||||
Electrical Components & Equipment0.3% | ||||||||
Creation Technologies, Inc. |
1,086,250 | $ | 1,031,937 | |||||
Energizer Holdings, Inc. |
813,104 | 812,765 | ||||||
|
|
|||||||
1,844,702 | ||||||||
|
|
|||||||
Electronics0.7% | ||||||||
II-VI, Inc. |
1,028,421 | 1,029,064 | ||||||
Mirion Technologies, Inc. |
648,596 | 649,001 | ||||||
Roper Industrial Products Investment Co. LLC |
||||||||
USD Term Loan, 9.890%, 3M TSFR + 4.500%, 11/22/29 |
1,619,369 | 1,624,719 | ||||||
TTM Technologies, Inc. |
525,000 | 526,312 | ||||||
|
|
|||||||
3,829,096 | ||||||||
|
|
|||||||
Engineering & Construction0.7% | ||||||||
Aegion Corp. |
465,638 | 464,182 | ||||||
Brown Group Holding LLC |
||||||||
Incremental Term Loan B2, 9.066%, 3M TSFR + 3.750%, 07/02/29 |
247,500 | 247,616 | ||||||
Term Loan B, 8.068%, 1M TSFR + 2.750%, 06/07/28 |
1,319,047 | 1,309,862 | ||||||
Centuri Group, Inc. |
805,517 | 803,720 | ||||||
KKR Apple Bidco LLC |
171,938 | 171,042 | ||||||
Rockwood Service Corp. |
920,900 | 925,274 | ||||||
|
|
|||||||
3,921,696 | ||||||||
|
|
|||||||
Entertainment2.5% | ||||||||
Ballys Corp. |
1,252,688 | 1,230,465 | ||||||
Crown Finance U.S., Inc. |
||||||||
2023 Exit Term Loan, 14.381%, 3M TSFR + 8.500%, 07/31/28 |
312,463 | 320,119 | ||||||
Great Canadian Gaming Corp. |
567,813 | 568,948 | ||||||
Ontario Gaming GTA LP |
750,000 | 751,465 | ||||||
Scientific Games Holdings LP |
||||||||
USD Term Loan B, 04/04/29 (d) |
2,489,943 | 2,478,704 | ||||||
Scientific Games International, Inc. |
||||||||
USD Term Loan, 8.434%, 1M TSFR + 3.000%, 04/14/29 |
1,989,924 | 1,991,168 | ||||||
SeaWorld Parks & Entertainment, Inc. |
980,000 | 979,183 | ||||||
Stars Group Holdings BV |
||||||||
2022 USD Term Loan B, 8.902%, 3M TSFR + 3.250%, 07/22/28 |
1,485,000 | 1,487,507 | ||||||
USD Incremental Term Loan, 7.902%, 3M TSFR + 2.250%, 07/21/26 |
2,376,500 | 2,378,149 | ||||||
Entertainment(Continued) | ||||||||
UFC Holdings LLC |
2,017,528 | 2,017,906 | ||||||
|
|
|||||||
14,203,614 | ||||||||
|
|
|||||||
Environmental Control2.0% | ||||||||
Covanta Holding Corp. |
1,823,805 | 1,816,510 | ||||||
Term Loan B, 8.334%, 1M TSFR + 3.000%, 11/30/28 |
488,372 | 488,677 | ||||||
Term Loan C, 7.816%, 1M TSFR + 2.500%, 11/30/28 |
138,695 | 138,140 | ||||||
Term Loan C, 8.334%, 1M TSFR + 3.000%, 11/30/28 |
36,628 | 36,651 | ||||||
EnergySolutions, LLC |
||||||||
2023 Term Loan B, 9.324%, 3M TSFR + 4.000%, 10/23/30 |
932,932 | 928,268 | ||||||
GFL Environmental, Inc. |
||||||||
2023 First Lien Term Loan, 7.902%, 1M TSFR + 2.500%, 05/31/27 |
1,751,230 | 1,752,324 | ||||||
Madison IAQ LLC |
2,987,746 | 2,940,689 | ||||||
Northstar Group Services, Inc. |
984,336 | 985,566 | ||||||
Term Loan B, 10.931%, 1M TSFR + 5.500%, 11/12/26 |
1,526,557 | 1,530,373 | ||||||
Robertshaw U.S. Holding Corp. |
||||||||
First Out New Money Term Loan, 8.490%, 3M TSFR + 3.000%, 02/28/27 (e) |
247,047 | 249,517 | ||||||
Second Out Term Loan, 12.490%, 3M TSFR + 7.000%, 02/28/27 |
1,043,346 | 912,928 | ||||||
|
|
|||||||
11,779,643 | ||||||||
|
|
|||||||
Food1.2% | ||||||||
Cardenas Markets, Inc. |
422,864 | 423,085 | ||||||
Del Monte Foods, Inc. |
1,891,956 | 1,842,883 | ||||||
Froneri International Ltd. |
||||||||
USD Term Loan, 7.666%, 1M TSFR + 2.250%, 01/29/27 |
1,814,063 | 1,804,270 | ||||||
Nomad Foods U.S. LLC |
1,296,551 | 1,299,388 | ||||||
Sovos Brands Intermediate, Inc. |
538,828 | 539,669 | ||||||
U.S. Foods, Inc. |
1,101,333 | 1,102,907 | ||||||
|
|
|||||||
7,012,202 | ||||||||
|
|
|||||||
Food Service0.3% | ||||||||
Aramark Services, Inc. |
||||||||
2023 Term Loan B6, 7.931%, 1M TSFR + 2.500%, 06/22/30 |
536,304 | 536,081 | ||||||
Term Loan B4, 7.181%, 1M TSFR + 1.750%, 01/15/27 |
932,500 | 932,354 | ||||||
|
|
|||||||
1,468,435 | ||||||||
|
|
|||||||
Forest Products & Paper0.2% | ||||||||
Asplundh Tree Expert LLC |
1,067,000 | 1,067,166 | ||||||
|
|
BHFTI-107
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Floating Rate Loans (a)(Continued)
Security Description | Principal Amount* |
Value | ||||||
Hand/Machine Tools0.4% | ||||||||
Alliance Laundry Systems LLC |
991,125 | $ | 992,020 | |||||
Apex Tool Group LLC |
1,654,686 | 1,518,174 | ||||||
|
|
|||||||
2,510,194 | ||||||||
|
|
|||||||
Healthcare-Products0.6% | ||||||||
Artivion, Inc. |
447,688 | 435,656 | ||||||
Avantor Funding, Inc. |
693,059 | 693,886 | ||||||
Curia Global, Inc. |
1,340,131 | 1,115,659 | ||||||
ICU Medical, Inc. |
640,250 | 641,317 | ||||||
Sotera Health Holdings LLC |
575,000 | 573,832 | ||||||
|
|
|||||||
3,460,350 | ||||||||
|
|
|||||||
Healthcare-Services3.2% | ||||||||
BW NHHC Holdco, Inc. |
||||||||
2018 1st Lien Term Loan, 13.390%, 3M TSFR + 8.000%, 01/15/26 |
894,709 | 764,976 | ||||||
Cambrex Corp. |
264,937 | 264,192 | ||||||
Cano Health LLC |
2,794,083 | 1,820,812 | ||||||
Catalent Pharma Solutions, Inc. |
816,380 | 800,971 | ||||||
Electron BidCo, Inc. |
861,875 | 859,644 | ||||||
Envision Healthcare Corp. |
||||||||
First Out Term Loan, 03/31/27 |
474,965 | 568,770 | ||||||
Second Out Term Loan, 03/31/27 |
3,352,518 | 779,460 | ||||||
ICON Luxembourg Sarl |
||||||||
LUX Term Loan, 7.902%, 3M TSFR + 2.250%, 07/03/28 |
203,291 | 203,460 | ||||||
Loire Finco Luxembourg Sarl |
290,395 | 287,128 | ||||||
Midwest Physician Administrative Services LLC |
463,125 | 435,999 | ||||||
National Mentor Holdings, Inc. |
1,616,678 | 1,459,726 | ||||||
Term Loan C, 9.150%, 3M TSFR + 3.750%, 03/02/28 |
45,933 | 41,473 | ||||||
Pacific Dental Services LLC |
713,188 | 712,742 | ||||||
Phoenix Guarantor, Inc. |
||||||||
Term Loan B, 8.681%, 1M TSFR + 3.250%, 03/05/26 |
1,580,184 | 1,572,566 | ||||||
Term Loan B3, 8.931%, 1M TSFR + 3.500%, 03/05/26 |
1,314,909 | 1,308,570 | ||||||
Radiology Partners, Inc. |
||||||||
1st Lien Term Loan B, 10.179%, 1M TSFR + 4.250%, 07/09/25 |
427,594 | 324,437 | ||||||
Radnet Management, Inc. |
1,050,813 | 1,050,649 | ||||||
Select Medical Corp. |
||||||||
2023 Term Loan B1, 8.316%, 1M TSFR + 3.000%, 03/06/27 |
2,451,802 | 2,452,567 | ||||||
Healthcare-Services(Continued) | ||||||||
Sound Inpatient Physicians |
||||||||
1st Lien Term Loan, 8.631%, 3M TSFR + 3.000%, 06/27/25 |
402,688 | 191,277 | ||||||
Star Parent, Inc. |
||||||||
2023 Term Loan B, 09/19/30 |
1,425,000 | 1,395,131 | ||||||
Surgery Center Holdings, Inc. |
1,236,556 | 1,238,950 | ||||||
|
|
|||||||
18,533,500 | ||||||||
|
|
|||||||
Holding Companies-Diversified0.3% | ||||||||
Belfor Holdings, Inc. |
||||||||
Incremental Term Loan, 9.550%, 1M TSFR + 4.250%, 04/06/26 |
174,118 | 174,553 | ||||||
Term Loan B, 9.318%, 1M TSFR + 4.000%, 04/06/26 |
1,507,871 | 1,510,698 | ||||||
|
|
|||||||
1,685,251 | ||||||||
|
|
|||||||
Home Furnishings0.8% | ||||||||
AI Aqua Merger Sub, Inc. |
||||||||
1st Lien Term Loan B, 9.084%, 1M TSFR + 3.750%, 07/31/28 |
2,229,318 | 2,209,812 | ||||||
Mattress Firm, Inc. |
2,243,095 | 2,230,758 | ||||||
|
|
|||||||
4,440,570 | ||||||||
|
|
|||||||
Household Products/Wares0.4% | ||||||||
Kronos Acquisition Holdings, Inc. |
||||||||
1st Lien Term Loan, 11.567%, 3M TSFR + 6.000%, 12/22/26 |
442,125 | 442,678 | ||||||
Term Loan B, 9.402%, 3M TSFR + 3.750%, 12/22/26 |
2,140,130 | 2,131,531 | ||||||
|
|
|||||||
2,574,209 | ||||||||
|
|
|||||||
Housewares0.4% | ||||||||
Libbey Glass, Inc. |
||||||||
2022 Term Loan, 11.924%, 1M TSFR + 3.750%, 11/22/27 |
546,787 | 522,181 | ||||||
Solis IV BV |
||||||||
USD Term Loan B1, 8.891%, 3M TSFR + 3.500%, 02/26/29 |
1,887,183 | 1,842,363 | ||||||
|
|
|||||||
2,364,544 | ||||||||
|
|
|||||||
Insurance3.9% | ||||||||
Alliant Holdings Intermediate LLC |
1,267,274 | 1,266,640 | ||||||
AmWINS Group, Inc. |
||||||||
Incremental Term Loan B, 8.196%, 1M TSFR + 2.750%, 02/19/28 |
719,563 | 720,333 | ||||||
Term Loan B, 7.570%, 1M TSFR + 2.250%, 02/19/28 |
3,841,426 | 3,821,021 | ||||||
AssuredPartners, Inc. |
1,557,778 | 1,556,255 | ||||||
Asurion LLC |
||||||||
2nd Lien Term Loan B3, 10.568%, 1M TSFR + 5.250%, 01/31/28 |
1,160,000 | 1,044,725 | ||||||
Term Loan B10, 9.318%, 1M TSFR + 4.000%, 08/19/28 |
1,002,748 | 973,919 | ||||||
Term Loan B8, 8.650%, 3M TSFR + 3.250%, 12/23/26 |
5,251,500 | 5,163,611 | ||||||
HUB International Ltd. |
3,051,249 | 3,064,260 | ||||||
Ryan Specialty Group LLC |
1,624,750 | 1,627,965 |
BHFTI-108
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Floating Rate Loans (a)(Continued)
Security Description | Principal Amount* |
Value | ||||||
Insurance(Continued) | ||||||||
Sedgwick Claims Management Services, Inc. |
1,549,467 | $ | 1,547,772 | |||||
USI, Inc. |
||||||||
2022 Incremental Term Loan, 9.140%, 3M TSFR + 3.750%, 11/22/29 |
1,554,533 | 1,555,747 | ||||||
|
|
|||||||
22,342,248 | ||||||||
|
|
|||||||
Internet3.4% | ||||||||
Adevinta ASA |
||||||||
USD Term Loan B, 8.322%, 3M SOFR + 2.750%, 06/26/28 |
715,393 | 716,511 | ||||||
Buzz Finco LLC |
482,500 | 482,199 | ||||||
Term Loan B, 8.666%, 1M TSFR + 3.250%, 01/29/27 |
53,545 | 53,612 | ||||||
CNT Holdings I Corp. |
633,750 | 632,844 | ||||||
Endure Digital, Inc. |
4,026,357 | 3,922,344 | ||||||
Getty Images, Inc. |
||||||||
2019 USD Term Loan B, 9.990%, 3M TSFR + 4.500%, 02/19/26 |
1,686,293 | 1,692,616 | ||||||
Go Daddy Operating Co. LLC |
1,040,063 | 1,040,604 | ||||||
Hoya Midco LLC |
510,353 | 511,416 | ||||||
Imperva, Inc. |
||||||||
1st Lien Term Loan, 9.627%, 3M TSFR + 4.000%, 01/12/26 |
533,291 | 534,958 | ||||||
Magnite, Inc. |
659,812 | 663,524 | ||||||
Match Group, Inc. |
675,000 | 673,313 | ||||||
Olaplex, Inc |
992,443 | 837,064 | ||||||
Proofpoint, Inc. |
||||||||
1st Lien Term Loan, 8.681%, 1M TSFR + 3.250%, 08/31/28 |
2,603,625 | 2,585,001 | ||||||
Uber Technologies, Inc. |
4,981,770 | 4,986,752 | ||||||
|
|
|||||||
19,332,758 | ||||||||
|
|
|||||||
Investment Companies0.7% | ||||||||
Campfire Bidco Ltd. |
||||||||
USD Opco Term Loan, 9.856%, 3M TSFR + 4.250%, 10/23/23 (e) |
327,573 | 307,716 | ||||||
Campfire Topco Ltd. |
||||||||
USD First Lien HoldCo Facility, 5.706%, 3M TSFR + 0.100%, 10/23/23 (e) |
155,128 | 111,305 | ||||||
USD Second Lien HoldCo Facility, 6.303%, PIK + 6.900%, 12/31/27 (e) |
206,872 | 45,512 | ||||||
EIG Management Co. LLC |
236,250 | 236,250 | ||||||
FinCo I LLC |
||||||||
2023 Term Loan, 8.369%, 3M LIBOR + 3.000%, 06/27/29 |
1,271,813 | 1,274,197 | ||||||
GIP Pilot Acquisition Partners LP |
475,000 | 474,406 | ||||||
Investment Companies(Continued) | ||||||||
Mariner Wealth Advisors LLC |
1,330,894 | 1,320,912 | ||||||
|
|
|||||||
3,770,298 | ||||||||
|
|
|||||||
Leisure Time2.0% | ||||||||
Bombardier Recreational Products, Inc. |
1,565,155 | 1,557,004 | ||||||
Carnival Corp. |
||||||||
Incremental Term Loan B, 8.681%, 1M TSFR + 3.250%, 10/18/28 |
2,922,938 | 2,912,888 | ||||||
City Football Group Ltd. |
1,424,625 | 1,421,954 | ||||||
ClubCorp Holdings, Inc. |
1,598,000 | 1,576,694 | ||||||
Fender Musical Instruments Corp. |
344,258 | 336,512 | ||||||
Hayward Industries, Inc. |
1,523,216 | 1,513,221 | ||||||
MajorDrive Holdings IV LLC |
||||||||
2022 Incremental Term Loan B, 11.040%, 3M TSFR + 5.500%, 06/01/29 |
498,734 | 497,487 | ||||||
Term Loan B, 9.652%, 3M TSFR + 4.000%, 06/01/28 |
1,107,130 | 1,098,827 | ||||||
Recess Holdings, Inc. |
||||||||
2023 Term Loan, 9.383%, 3M TSFR + 4.000%, 03/29/27 |
600,000 | 600,000 | ||||||
SRAM LLC |
199,091 | 198,904 | ||||||
|
|
|||||||
11,713,491 | ||||||||
|
|
|||||||
Lodging0.7% | ||||||||
Fertitta Entertainment LLC |
1,930,626 | 1,914,830 | ||||||
Four Seasons Hotels Ltd. |
||||||||
2023 Term Loan B, 7.916%, 1M TSFR + 2.500%, 11/30/29 |
829,367 | 832,010 | ||||||
Playa Resorts Holding BV |
||||||||
2022 Term Loan B, 9.581%, 1M TSFR + 4.250%, 01/05/29 |
1,389,500 | 1,391,473 | ||||||
|
|
|||||||
4,138,313 | ||||||||
|
|
|||||||
Machinery-Construction & Mining0.7% | ||||||||
Brookfield WEC Holdings, Inc. |
3,912,282 | 3,914,504 | ||||||
|
|
|||||||
Machinery-Diversified1.9% | ||||||||
Ali Group North America Corp. |
1,403,000 | 1,403,438 | ||||||
Clark Equipment Co. |
715,566 | 716,729 | ||||||
CPM Holdings, Inc. |
||||||||
2023 Term Loan, 9.900%, 3M TSFR + 4.500%, 09/28/28 |
1,703,116 | 1,701,523 | ||||||
DXP Enterprises, Inc. |
807,076 | 807,580 | ||||||
Engineered Machinery Holdings, Inc. |
||||||||
USD Incremental Term Loan, 9.152%, 3M TSFR + 3.500%, 05/19/28 |
2,192,332 | 2,183,837 | ||||||
LSF12 Badger Bidco LLC |
300,000 | 299,625 |
BHFTI-109
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Floating Rate Loans (a)(Continued)
Security Description | Principal Amount* |
Value | ||||||
Machinery-Diversified(Continued) | ||||||||
SPX Flow, Inc. |
1,263,549 | $ | 1,263,055 | |||||
Titan Acquisition Ltd. |
1,637,993 | 1,625,846 | ||||||
Vertical U.S. Newco, Inc. |
997,500 | 996,461 | ||||||
|
|
|||||||
10,998,094 | ||||||||
|
|
|||||||
Media2.0% | ||||||||
CSC Holdings LLC |
545,075 | 495,337 | ||||||
GEE Holdings 2 LLC |
||||||||
2nd Lien Takeback Term Loan, 13.912%, 3M SOFR + 8.250%, 03/23/26 |
349,320 | 209,592 | ||||||
Exit Term Loan, 13.662%, 3M SOFR + 8.000%, 03/24/25 |
158,328 | 155,161 | ||||||
Gray Television, Inc. |
1,056,188 | 1,031,103 | ||||||
Term Loan E, 7.944%, 1M TSFR + 2.500%, 01/02/26 |
552,268 | 549,621 | ||||||
Hubbard Radio LLC |
419,390 | 381,645 | ||||||
iHeartCommunications, Inc. |
||||||||
Incremental Term Loan, 8.681%, 1M TSFR + 3.250%, 05/01/26 |
334,350 | 301,417 | ||||||
Mission Broadcasting, Inc. |
392,000 | 391,918 | ||||||
MJH Healthcare Holdings LLC |
295,500 | 294,946 | ||||||
Nexstar Broadcasting, Inc. |
229,229 | 229,208 | ||||||
Recorded Books, Inc. |
135,134 | 135,279 | ||||||
Sinclair Television Group, Inc. |
527,966 | 459,859 | ||||||
Term Loan B3, 8.431%, 1M TSFR + 3.000%, 04/01/28 |
1,703,925 | 1,215,911 | ||||||
Telenet Financing USD LLC |
||||||||
USD Term Loan AR, 7.447%, 1M TSFR + 2.000%, 04/30/28 |
375,000 | 365,937 | ||||||
Univision Communications, Inc. |
||||||||
First Lien Term Loan B, 8.681%, 1M TSFR + 3.250%, 03/15/26 |
3,526,144 | 3,523,666 | ||||||
Virgin Media Bristol LLC |
850,000 | 828,020 | ||||||
Term Loan Q, 8.697%, 1M TSFR + 3.250%, 01/31/29 |
1,125,000 | 1,101,357 | ||||||
|
|
|||||||
11,669,977 | ||||||||
|
|
|||||||
Metal Fabricate/Hardware1.1% | ||||||||
Ameriforge Group, Inc. |
||||||||
Exit Term Loan, 13.402%, 1M TSFR + 8.000%, |
879,465 | 701,989 | ||||||
Term Loan, 18.444%, 1M TSFR + 13.000%, 12/29/23 (c) (f) |
111,802 | 89,240 | ||||||
Dynacast International LLC |
||||||||
First Out Term Loan, 10.017%, 3M TSFR + 4.500%, 07/22/25 |
1,341,209 | 1,254,030 | ||||||
WireCo WorldGroup, Inc. |
490,824 | 491,131 | ||||||
Zekelman Industries, Inc. |
3,564,469 | 3,566,451 | ||||||
|
|
|||||||
6,102,841 | ||||||||
|
|
|||||||
Mining0.2% | ||||||||
Arsenal AIC Parent LLC |
775,000 | 774,806 | ||||||
Phoenix Services International LLC |
||||||||
2023 Exit PIK Term Loan, 11.531%, 1M TSFR + 6.100%, 06/30/28 |
306,293 | 286,193 | ||||||
|
|
|||||||
1,060,999 | ||||||||
|
|
|||||||
Miscellaneous Manufacturing1.3% | ||||||||
Delachaux Group SA |
||||||||
USD Term Loan B2, 9.869%, 3M TSFR + 4.500%, 04/16/26 |
280,000 | 275,917 | ||||||
Gates Global LLC |
3,587,630 | 3,583,705 | ||||||
Gemini HDPE LLC |
626,401 | 626,466 | ||||||
Groupe Solmax, Inc. |
1,051,364 | 987,406 | ||||||
LTI Holdings, Inc. |
||||||||
1st Lien Term Loan, 8.931%, 1M TSFR + 3.500%, 09/06/25 |
692,023 | 675,731 | ||||||
Term Loan, 10.181%, 1M TSFR + 4.750%, 07/24/26 |
1,174,269 | 1,149,316 | ||||||
|
|
|||||||
7,298,541 | ||||||||
|
|
|||||||
Oil & Gas0.1% | ||||||||
QuarterNorth Energy Holding, Inc. |
||||||||
Exit 2nd Lien Term Loan, 13.431%, 1M TSFR + 8.000%, 08/27/26 |
360,142 | 359,467 | ||||||
|
|
|||||||
Oil & Gas Services0.0% | ||||||||
Lealand Finance Co. BV |
||||||||
Take Back Term Loan, 6.431%, 1M TSFR + 1.000%, 06/30/25 (e) |
290,893 | 152,719 | ||||||
|
|
|||||||
Packaging & Containers2.2% | ||||||||
Berlin Packaging LLC |
1,347,500 | 1,335,468 | ||||||
Charter NEX U.S., Inc. |
2,006,212 | 1,990,270 | ||||||
Clydesdale Acquisition Holdings, Inc. |
2,592,188 | 2,560,158 | ||||||
LABL, Inc. |
||||||||
USD 1st Lien Term Loan, 10.318%, 1M TSFR + 5.000%, 10/29/28 |
1,768,500 | 1,766,792 | ||||||
Pregis TopCo Corp. |
||||||||
1st Lien Term Loan, 9.066%, 1M TSFR + 3.750%, 07/31/26 |
553,438 | 553,481 | ||||||
Pretium PKG Holdings, Inc. |
||||||||
1st Lien Term Loan, 9.318%, 3M LIBOR + 4.000%, 10/02/28 |
663,188 | 409,850 | ||||||
Proampac PG Borrower LLC |
||||||||
2023 Term Loan, 09/26/28 |
1,150,000 | 1,138,500 | ||||||
Reynolds Group Holdings, Inc. |
1,053,500 | 1,053,500 | ||||||
Term Loan B2, 8.681%, 1M TSFR + 3.250%, 02/05/26 |
753,215 | 753,497 | ||||||
Trident TPI Holdings, Inc. |
||||||||
Incremental Term Loan B3, 9.652%, 3M TSFR + 4.000%, 09/15/28 |
336,038 | 335,382 | ||||||
USD Term Loan, 9.890%, 3M TSFR + 4.500%, 09/15/28 |
573,563 | 573,563 | ||||||
|
|
|||||||
12,470,461 | ||||||||
|
|
BHFTI-110
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Floating Rate Loans (a)(Continued)
Security Description | Principal Amount* |
Value | ||||||
Pharmaceuticals3.3% | ||||||||
Alkermes, Inc. |
337,747 | $ | 333,525 | |||||
Bausch Health Cos., Inc. |
1,818,632 | 1,484,133 | ||||||
Bayou Intermediate II LLC |
761,438 | 742,402 | ||||||
Covis Finco Sarl |
||||||||
USD Term Loan B, 11.810%, 3M TSFR + 6.500%, 02/18/27 |
762,115 | 549,993 | ||||||
Gainwell Acquisition Corp. |
4,881,230 | 4,771,402 | ||||||
Grifols Worldwide Operations USA, Inc. |
||||||||
USD Term Loan B, 7.416%, 1M TSFR + 2.000%, 11/15/27 |
550,161 | 541,515 | ||||||
Horizon Therapeutics USA, Inc. |
988,299 | 989,457 | ||||||
Term Loan B2, 7.184%, 1M TSFR + 1.750%, 03/15/28 |
1,051,326 | 1,051,720 | ||||||
Jazz Financing Lux Sarl |
||||||||
USD Term Loan, 8.931%, 1M TSFR + 3.500%, 05/05/28 |
1,475,216 | 1,476,343 | ||||||
LSCS Holdings, Inc. |
||||||||
1st Lien Term Loan, 9.931%, 1M TSFR + 4.614%, 12/16/28 |
810,563 | 799,924 | ||||||
Mallinckrodt International Finance SA |
||||||||
2023 DIP Delayed Draw Term Loan, 13.398%, 3M TSFR + 8.000%, 08/28/24 |
259,400 | 269,776 | ||||||
2023 DIP Final Term Loan, 13.400%, 3M TSFR + 8.000%, 08/28/24 |
137,279 | 137,279 | ||||||
USD Exit Term Loan, 12.939%, 1M TSFR + 7.500%, 09/30/27 |
495,193 | 372,787 | ||||||
USD Term Loan, 12.689%, 1M TSFR + 7.250%, 09/30/27 |
3,375,631 | 2,528,206 | ||||||
Option Care Health, Inc. |
442,125 | 443,783 | ||||||
Packaging Coordinators Midco, Inc. |
||||||||
1st Lien Term Loan, 9.152%, 3M TSFR + 3.500%, 11/30/27 |
1,342,095 | 1,338,740 | ||||||
Padagis LLC |
1,166,176 | 1,136,536 | ||||||
PRA Health Sciences, Inc. |
||||||||
US Term Loan, 7.902%, 3M TSFR + 2.250%, 07/03/28 |
50,650 | 50,692 | ||||||
|
|
|||||||
19,018,213 | ||||||||
|
|
|||||||
Pipelines0.9% | ||||||||
CQP Holdco LP |
1,392,580 | 1,394,320 | ||||||
Freeport LNG Investments LLLP |
757,581 | 751,663 | ||||||
ITT Holdings LLC |
416,500 | 416,864 | ||||||
Oryx Midstream Services Permian Basin LLC |
||||||||
Incremental Term Loan, 8.692%, 1M TSFR + 3.250%, 10/05/28 |
1,123,253 | 1,125,078 | ||||||
UGI Energy Services LLC |
1,341,450 | 1,341,929 | ||||||
|
|
|||||||
5,029,854 | ||||||||
|
|
|||||||
Real Estate0.7% | ||||||||
Cushman & Wakefield U.S. Borrower LLC |
||||||||
2023 Term Loan B, 9.316%, 1M TSFR + 4.000%, 01/31/30 |
518,615 | 515,373 | ||||||
Term Loan, 8.666%, 1M TSFR + 3.250%, 01/31/30 |
1,261,190 | 1,241,484 | ||||||
Term Loan B, 8.068%, 1M TSFR + 2.750%, 08/21/25 |
59,666 | 59,694 | ||||||
Real Estate(Continued) | ||||||||
Greystar Real Estate Partners LLC |
625,000 | 625,000 | ||||||
RE/MAX International, Inc. |
1,661,750 | 1,624,361 | ||||||
|
|
|||||||
4,065,912 | ||||||||
|
|
|||||||
Retail3.1% | ||||||||
Dave & Busters, Inc. |
||||||||
2023 Term Loan B5, 09/20/30 |
1,800,000 | 1,796,812 | ||||||
Great Outdoors Group LLC |
2,455,941 | 2,454,406 | ||||||
Harbor Freight Tools USA, Inc. |
814,157 | 809,012 | ||||||
IRB Holding Corp. |
487,538 | 486,251 | ||||||
Les Schwab Tire Centers |
3,817,263 | 3,807,720 | ||||||
LIDS Holdings, Inc. |
449,219 | 431,250 | ||||||
Medical Solutions Holdings, Inc. |
||||||||
1st Lien Term Loan, 8.773%, 3M TSFR + 3.250%, 11/01/28 |
1,601,913 | 1,554,657 | ||||||
PetSmart, Inc. |
1,795,962 | 1,793,530 | ||||||
Phillips Feed Service, Inc. |
11,259 | 9,007 | ||||||
Serta Simmons Bedding LLC |
||||||||
2023 New Term Loan, 12.900%, 3M TSFR + 7.500%, 06/29/28 |
1,340,146 | 1,342,239 | ||||||
SRS Distribution, Inc. |
||||||||
Incremental Term Loan, 8.916%, 1M TSFR + 3.500%, 06/02/28 |
418,625 | 415,224 | ||||||
Term Loan B, 8.931%, 1M TSFR + 3.500%, 06/02/28 |
1,029,000 | 1,020,639 | ||||||
White Cap Buyer LLC |
1,969,692 | 1,968,574 | ||||||
|
|
|||||||
17,889,321 | ||||||||
|
|
|||||||
Semiconductors0.6% | ||||||||
Altar Bidco, Inc. |
1,382,500 | 1,379,908 | ||||||
Bright Bidco BV |
||||||||
2022 Exit Term Loan, 6.366%, 3M TSFR + 1.000%, 10/31/27 (e) |
370,679 | 151,052 | ||||||
MKS Instruments, Inc. |
||||||||
USD Term Loan B, 8.066%, 1M TSFR + 2.750%, 08/17/29 |
1,388,438 | 1,390,824 | ||||||
Synaptics, Inc. |
441,000 | 440,242 | ||||||
|
|
|||||||
3,362,026 | ||||||||
|
|
|||||||
Software16.1% | ||||||||
Applied Systems, Inc. |
||||||||
2022 Extended 1st Lien Term Loan, 9.890%, 3M TSFR + 4.500%, 09/18/26 |
4,977,148 | 4,997,365 | ||||||
AppLovin Corp. |
||||||||
2023 Term Loan B, 8.500%, 3M TSFR + 3.100%, 08/14/30 |
2,187,249 | 2,183,422 |
BHFTI-111
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Floating Rate Loans (a)(Continued)
Security Description | Principal Amount* |
Value | ||||||
Software(Continued) | ||||||||
Aptean, Inc. |
2,695,905 | $ | 2,687,901 | |||||
AQA Acquisition Holding, Inc. |
||||||||
1st Lien Term Loan, 9.568%, 3M TSFR + 4.250%, 03/03/28 |
782,000 | 778,253 | ||||||
Ascend Learning LLC |
1,984,848 | 1,895,530 | ||||||
Banff Merger Sub, Inc. |
||||||||
2021 USD Term Loan, 9.181%, 1M TSFR + 3.750%, 10/02/25 |
3,984,668 | 3,985,217 | ||||||
Camelot U.S. Acquisition LLC |
||||||||
Incremental Term Loan B, 8.431%, 1M TSFR + 3.000%, 10/30/26 |
865,659 | 865,968 | ||||||
Term Loan B, 8.431%, 1M TSFR + 3.000%, 10/30/26 |
846,518 | 847,198 | ||||||
CDK Global, Inc. |
||||||||
USD Term Loan B, 9.640%, 3M TSFR + 4.250%, 07/06/29 |
2,977,500 | 2,981,532 | ||||||
CentralSquare Technologies LLC |
||||||||
1st Lien Term Loan, 9.290%, 3M TSFR + 3.750%, 08/29/25 |
1,485,102 | 1,412,084 | ||||||
Ceridian HCM Holding, Inc. |
2,794,501 | 2,801,487 | ||||||
Cloud Software Group, Inc. |
||||||||
2022 USD Term Loan A, 9.990%, 3M TSFR + 4.500%, 09/29/28 |
500,000 | 480,729 | ||||||
USD Term Loan, 9.990%, 3M TSFR + 4500%, 03/30/29 |
1,493,747 | 1,439,318 | ||||||
Cloudera, Inc. |
||||||||
2nd Lien Term Loan, 11.416%, 1M TSFR + 6.000%, 10/08/29 |
850,000 | 810,333 | ||||||
Term Loan, 9.166%, 1M TSFR + 3.750%, 10/08/28 |
3,004,250 | 2,971,203 | ||||||
ConnectWise LLC |
883,729 | 872,682 | ||||||
Constant Contact, Inc. |
1,768,076 | 1,719,179 | ||||||
Cornerstone OnDemand, Inc. |
2,048,341 | 1,953,605 | ||||||
E2open LLC |
2,144,361 | 2,145,030 | ||||||
ECI Macola Max Holdings LLC |
1,265,472 | 1,263,732 | ||||||
EP Purchaser LLC |
443,250 | 438,263 | ||||||
Epicor Software Corp. |
6,141,601 | 6,143,075 | ||||||
Genuine Financial Holdings, LLC |
||||||||
2023 Term Loan B, 09/20/30 |
400,000 | 396,333 | ||||||
Grab Holdings, Inc. |
936,018 | 943,428 | ||||||
Greeneden U.S. Holdings II LLC |
||||||||
USD Term Loan B4, 9.431%, 1M TSFR + 4.000%, 12/01/27 |
780,000 | 781,571 | ||||||
Informatica LLC |
||||||||
USD Term Loan B, 8.068%, 1M TSFR + 2.750%, 10/27/28 |
2,905,750 | 2,902,571 | ||||||
Ivanti Software, Inc. |
1,008,298 | 874,699 | ||||||
Marcel LUX IV Sarl |
||||||||
USD Term Loan B, 9.415%, 1M TSFR + 4.000%, 12/31/27 |
94,905 | 94,668 | ||||||
USD Term Loan B1, 8.665%, 1M TSFR + 3.250%, 03/15/26 |
957,500 | 955,106 | ||||||
Maverick Bidco, Inc. |
1,834,651 | 1,790,313 | ||||||
Software(Continued) | ||||||||
MedAssets Software Intermediate Holdings, Inc. |
||||||||
2nd Lien Term Loan 2, 12.181%, 1M TSFR + 6.750%, 12/17/29 |
775,000 | 501,328 | ||||||
Term Loan, 9.431%, 1M TSFR + 4.000%, 12/18/28 |
1,206,625 | 983,399 | ||||||
Mediaocean LLC |
689,500 | 661,920 | ||||||
Mosel Bidco SE |
||||||||
USD Term Loan B, 09/16/30 (d) |
250,000 | 250,313 | ||||||
Navicure, Inc. |
2,615,425 | 2,621,556 | ||||||
Open Text Corp. |
||||||||
2023 Term Loan B, 8.068%, 1M TSFR + 2.750%, 01/31/30 |
2,406,813 | 2,409,070 | ||||||
Playtika Holding Corp. |
1,870,891 | 1,871,243 | ||||||
PointClickCare Technologies, Inc. |
536,250 | 535,580 | ||||||
Project Ruby Ultimate Parent Corp. |
1,048,125 | 1,036,596 | ||||||
Quartz Acquireco LLC |
825,000 | 825,000 | ||||||
Quest Software U.S. Holdings, Inc. |
498,741 | 417,161 | ||||||
Rackspace Technology Global, Inc. |
2,817,898 | 1,299,228 | ||||||
Realpage, Inc. |
||||||||
1st Lien Term Loan, 8.431%, 1M TSFR + 3.000%, 04/24/28 |
2,940,000 | 2,910,191 | ||||||
Renaissance Holding Corp. |
||||||||
1st Lien Term Loan, 10.150%, 3M TSFR + 4.750%, 04/05/30 |
1,000,000 | 993,542 | ||||||
SkillSoft Corp. |
1,130,451 | 1,069,925 | ||||||
Skopima Merger Sub, Inc. |
949,561 | 925,975 | ||||||
SolarWinds Holdings, Inc. |
||||||||
2022 Term Loan B, 9.066%, 1M TSFR + 3.750%, 02/05/27 |
1,741,250 | 1,745,504 | ||||||
Sophia LP |
||||||||
Incremental Term Loan B, 9.566%, 1M TSFR + 4.250%, 10/07/27 |
496,231 | 495,053 | ||||||
Term Loan B, 8.816%, 1M TSFR + 3.500%, 10/07/27 |
3,329,060 | 3,326,563 | ||||||
SS&C Technologies, Inc. |
1,516,676 | 1,518,267 | ||||||
Symplr Software, Inc. |
1,350,413 | 1,212,559 | ||||||
Turing Midco LLC |
||||||||
2021 Term Loan B, 7.931%, 1M TSFR + 2.500%, 03/24/28 |
166,224 | 165,690 | ||||||
Ultimate Software Group, Inc. |
4,963,906 | 4,958,828 | ||||||
Term Loan B, 9.219%, 3M TSFR + 3.750%, 05/04/26 |
1,416,000 | 1,416,681 | ||||||
Veritas U.S., Inc. |
||||||||
USD Term Loan B, 10.318%, 1M TSFR + 5.000%, 09/01/25 |
2,812,720 | 2,446,062 | ||||||
VS Buyer LLC |
1,454,807 | 1,451,170 | ||||||
|
|
|||||||
92,460,199 | ||||||||
|
|
BHFTI-112
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Floating Rate Loans (a)(Continued)
Security Description | Principal Amount* |
Value | ||||||
Telecommunications2.2% | ||||||||
Altice France SA |
||||||||
USD Term Loan B14, 10.808%, 3M TSFR + 5.500%, 08/15/28 |
779,759 | $ | 707,874 | |||||
CenturyLink, Inc. |
1,037,884 | 741,763 | ||||||
Ciena Corp. |
696,500 | 698,677 | ||||||
CommScope, Inc. |
1,488,000 | 1,362,759 | ||||||
Cyxtera DC Holdings, Inc. |
||||||||
DIP Term Loan, 13.942%, 1M TSFR + 8.614%, 12/07/23 |
398,500 | 402,153 | ||||||
Term Loan B, 05/01/24 (b) |
1,437,313 | 845,319 | ||||||
Delta TopCo, Inc. |
3,760,750 | 3,730,217 | ||||||
Digicel International Finance Ltd. |
||||||||
Exit Term Loan B, 8.981%, 6M LIBOR + 3.250%, 05/28/24 |
1,433,521 | 1,299,128 | ||||||
GoTo Group, Inc. |
2,706,036 | 1,812,200 | ||||||
Level 3 Financing, Inc. |
1,333,212 | 1,262,135 | ||||||
|
|
|||||||
12,862,225 | ||||||||
|
|
|||||||
Transportation0.7% | ||||||||
First Student Bidco, Inc. |
||||||||
Incremental Term Loan B, 07/21/28 (d) |
1,402,291 | 1,382,718 | ||||||
Incremental Term Loan C, 07/21/28 (d) |
97,709 | 96,208 | ||||||
Kenan Advantage Group, Inc. |
2,261,063 | 2,258,589 | ||||||
N-Able International Holdings II LLC |
441,000 | 440,449 | ||||||
|
|
|||||||
4,177,964 | ||||||||
|
|
|||||||
Total Floating Rate Loans |
542,104,008 | |||||||
|
|
|||||||
Corporate Bonds & Notes3.2% |
| |||||||
Aerospace/Defense0.3% | ||||||||
TransDigm, Inc. |
1,000,000 | 982,581 | ||||||
6.875%, 12/15/30 (144A) |
500,000 | 490,272 | ||||||
|
|
|||||||
1,472,853 | ||||||||
|
|
|||||||
Airlines0.6% | ||||||||
American Airlines, Inc./AAdvantage Loyalty IP Ltd. |
1,833,333 | 1,790,548 | ||||||
5.750%, 04/20/29 (144A) |
1,500,000 | 1,395,075 | ||||||
|
|
|||||||
3,185,623 | ||||||||
|
|
|||||||
Auto Parts & Equipment0.2% | ||||||||
Clarios Global LP |
225,000 | 223,306 | ||||||
Clarios Global LP/Clarios U.S. Finance Co. |
1,215,000 | 1,188,809 | ||||||
|
|
|||||||
1,412,115 | ||||||||
|
|
|||||||
Commercial Services0.1% | ||||||||
Garda World Security Corp. |
850,000 | 777,801 | ||||||
|
|
|||||||
Computers0.1% | ||||||||
NCR Atleos Escrow Corp. |
500,000 | 483,600 | ||||||
|
|
|||||||
Distribution/Wholesale0.0% | ||||||||
American Builders & Contractors Supply Co., Inc. |
275,000 | 243,753 | ||||||
|
|
|||||||
Diversified Financial Services0.1% | ||||||||
AG Issuer LLC |
425,000 | 396,901 | ||||||
|
|
|||||||
Electric0.2% | ||||||||
Calpine Corp. |
300,000 | 270,368 | ||||||
5.250%, 06/01/26 (144A) |
988,000 | 959,230 | ||||||
|
|
|||||||
1,229,598 | ||||||||
|
|
|||||||
Entertainment0.1% | ||||||||
SeaWorld Parks & Entertainment, Inc. |
250,000 | 252,500 | ||||||
Six Flags Theme Parks, Inc. |
126,000 | 125,681 | ||||||
|
|
|||||||
378,181 | ||||||||
|
|
|||||||
Environmental Control0.1% | ||||||||
GFL Environmental, Inc. |
625,000 | 600,625 | ||||||
|
|
|||||||
Machinery-Diversified0.1% | ||||||||
TK Elevator U.S. Newco, Inc. |
500,000 | 458,264 | ||||||
|
|
|||||||
Media0.2% | ||||||||
iHeartCommunications, Inc. |
250,000 | 191,119 | ||||||
5.250%, 08/15/27 (144A) |
200,000 | 158,504 | ||||||
6.375%, 05/01/26 |
105,163 | 90,617 | ||||||
8.375%, 05/01/27 |
190,609 | 136,736 | ||||||
Virgin Media Secured Finance PLC |
800,000 | 660,880 | ||||||
|
|
|||||||
1,237,856 | ||||||||
|
|
|||||||
Oil & Gas0.2% | ||||||||
CITGO Petroleum Corp. |
1,275,000 | 1,256,038 | ||||||
|
|
|||||||
Real Estate0.1% | ||||||||
Cushman & Wakefield U.S. Borrower LLC |
375,000 | 345,975 | ||||||
|
|
BHFTI-113
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Shares/ Principal Amount* |
Value | ||||||
Software0.2% | ||||||||
Boxer Parent Co., Inc. |
500,000 | $ | 497,501 | |||||
Cloud Software Group, Inc. |
500,000 | 434,500 | ||||||
|
|
|||||||
932,001 | ||||||||
|
|
|||||||
Telecommunications0.6% | ||||||||
Altice France SA |
475,000 | 365,853 | ||||||
CommScope, Inc. |
2,000,000 | 1,866,458 | ||||||
Level 3 Financing, Inc. |
1,500,000 | 1,381,953 | ||||||
|
|
|||||||
3,614,264 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
18,025,448 | |||||||
|
|
|||||||
Common Stocks0.5% |
| |||||||
Commercial Services0.1% | ||||||||
IAP Worldwide Services LLC (f) (g) (h) (i) |
44 | 0 | ||||||
Monitronics International, Inc. (h) (i) |
16,872 | 337,440 | ||||||
|
|
|||||||
337,440 | ||||||||
|
|
|||||||
Electric Utilities0.0% | ||||||||
Longview Intermediate Holdings C LLC (f) (g) (h) (i) |
39,089 | 276,359 | ||||||
|
|
|||||||
Energy Equipment & Services0.0% | ||||||||
Mcdermott International Ltd. (h) (i) |
117,431 | 29,358 | ||||||
|
|
|||||||
Entertainment0.1% | ||||||||
New Cineworld Ltd. (h) (i) |
14,581 | 336,578 | ||||||
|
|
|||||||
Health Care Equipment & Supplies0.0% | ||||||||
Akorn Holding Co. LLC (f) (g) (h) (i) |
56,220 | 0 | ||||||
|
|
|||||||
Household Products0.2% | ||||||||
LG Parent Holding Co. (h) (i) |
9,472 | 66,659 | ||||||
Serta Simmons Bedding, Inc. (h) (i) |
90,899 | 1,266,905 | ||||||
Serta SSB Equipment Co. (f) (g) (h) (i) |
90,899 | 0 | ||||||
|
|
|||||||
1,333,564 | ||||||||
|
|
|||||||
Investment Company Securities0.0% | ||||||||
Aegletes BV (h) (i) |
11,991 | 17,837 | ||||||
|
|
|||||||
Media0.0% | ||||||||
Global Eagle Entertainment (f) (g) (h) (i) |
17,940 | 0 | ||||||
|
|
|||||||
Metals & Mining0.1% | ||||||||
AFG Holdings, Inc. (f) (g) (h) (i) |
24,746 | 50,977 | ||||||
American Consolidated Natural Resources, Inc. (h) (i) |
3,147 | 272,740 | ||||||
Phoenix Services International LLC (h) (i) |
2,332 | 20,988 | ||||||
Metals & Mining(Continued) | ||||||||
Phoenix Services International LLC (f) (h) (i) |
25,563 | 230,067 | ||||||
|
|
|||||||
574,772 | ||||||||
|
|
|||||||
Pharmaceuticals0.0% | ||||||||
Covis Midco 1 Sarl - Class A (f) (h) (i) |
619 | 315 | ||||||
Covis Midco 1 Sarl - Class B (f) (h) (i) |
619 | 315 | ||||||
Covis Midco 1 Sarl - Class C (f) (h) (i) |
619 | 316 | ||||||
Covis Midco 1 Sarl - Class D (f) (h) (i) |
619 | 316 | ||||||
Covis Midco 1 Sarl - Class E (f) (h) (i) |
619 | 316 | ||||||
|
|
|||||||
1,578 | ||||||||
|
|
|||||||
Professional Services0.0% | ||||||||
Skillsoft Corp. (h) (i) |
66,881 | 59,283 | ||||||
|
|
|||||||
Specialty Retail0.0% | ||||||||
Phillips Feed Service, Inc. (f) (g) (h) (i) |
62 | 2,959 | ||||||
|
|
|||||||
Total Common Stocks |
2,969,728 | |||||||
|
|
|||||||
Preferred Stock0.1% |
| |||||||
Metals & Mining0.1% | ||||||||
American Consolidated Natural Resources, Inc. (h) (i) |
1,486 | 780,150 | ||||||
|
|
|||||||
Warrants0.0% |
| |||||||
Specialty Retail0.0% | ||||||||
Davids Bridal LLC, Expires 11/26/22 (f) (g) (h) (i) |
3,478 | 0 | ||||||
|
|
|||||||
Short-Term Investment1.7% |
| |||||||
Repurchase Agreement1.7% | ||||||||
Fixed Income Clearing Corp. |
9,679,199 | 9,679,199 | ||||||
|
|
|||||||
Total Short-Term Investments |
9,679,199 | |||||||
|
|
|||||||
Total Investments99.9% |
573,558,533 | |||||||
Unfunded Loan Commitments(0.0)% |
(10,114 | ) | ||||||
Net Investments99.9% |
573,548,419 | |||||||
Other assets and liabilities (net)0.1% |
774,817 | |||||||
|
|
|||||||
Net Assets100.0% | $ | 574,323,236 | ||||||
|
|
BHFTI-114
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
(a) | Floating rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will generally have an expected average life of approximately two to four years. Senior Loans typically have rates of interest which are determined periodically by reference to a base lending rate, plus a spread. These base rates are primarily the London Interbank Offered Rate and secondarily, the prime rate offered by one or more major United States banks. Base lending rates may be subject to a floor, or a minimum rate. | |||
(b) | Non-income producing; security is in default and/or issuer is in bankruptcy. | |||
(c) | Unfunded or partially unfunded loan commitments. The Portfolio may enter into certain credit agreements for which all or a portion may be unfunded. The Portfolio is obligated to fund these commitments at the borrowers discretion. | |||
(d) | This loan will settle after September 30, 2023, at which time the interest rate will be determined. | |||
(e) | Payment-in-kind security for which part of the income earned may be paid as additional principal. | |||
(f) | Security was valued in good faith under procedures subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent 0.2% of net assets. | |||
(g) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |||
(h) | Non-income producing security. | |||
(i) | Security was acquired in connection with a restructuring of a senior loan and may be subject to restrictions on resale. | |||
(144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $17,314,495, which is 3.0% of net assets. |
Glossary of Abbreviations
Index Abbreviations
(LIBOR) | London Interbank Offered Rate | |||
(SOFR) | Secured Overnight Financing Rate | |||
(TSFR) | Term Secured Overnight Financing Rate |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Floating Rate Loans |
| |||||||||||||||
Aerospace/Defense |
$ | | $ | 12,018,109 | $ | | $ | 12,018,109 | ||||||||
Agriculture |
| 501,628 | | 501,628 | ||||||||||||
Airlines |
| 1,546,130 | | 1,546,130 | ||||||||||||
Apparel |
| 1,466,381 | | 1,466,381 | ||||||||||||
Auto Parts & Equipment |
| 8,009,334 | | 8,009,334 | ||||||||||||
Banks |
| 1,952,280 | | 1,952,280 | ||||||||||||
Beverages |
| 3,332,711 | | 3,332,711 | ||||||||||||
Building Materials |
| 15,619,646 | | 15,619,646 | ||||||||||||
Chemicals |
| 28,843,151 | | 28,843,151 | ||||||||||||
Coal |
| 573,204 | | 573,204 | ||||||||||||
Commercial Services |
| 58,310,807 | | 58,310,807 | ||||||||||||
Computers |
| 16,769,853 | | 16,769,853 | ||||||||||||
Cosmetics/Personal Care |
| 4,864,073 | | 4,864,073 | ||||||||||||
Distribution/Wholesale |
| 4,102,971 | | 4,102,971 | ||||||||||||
Diversified Financial Services |
| 27,888,206 | | 27,888,206 | ||||||||||||
Electric |
| 1,419,927 | | 1,419,927 | ||||||||||||
Electrical Components & Equipment |
| 1,844,702 | | 1,844,702 |
BHFTI-115
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy(Continued)
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Electronics |
$ | | $ | 3,829,096 | $ | | $ | 3,829,096 | ||||||||
Engineering & Construction |
| 3,921,696 | | 3,921,696 | ||||||||||||
Entertainment |
| 14,203,614 | | 14,203,614 | ||||||||||||
Environmental Control |
| 11,779,643 | | 11,779,643 | ||||||||||||
Food |
| 7,012,202 | | 7,012,202 | ||||||||||||
Food Service |
| 1,468,435 | | 1,468,435 | ||||||||||||
Forest Products & Paper |
| 1,067,166 | | 1,067,166 | ||||||||||||
Hand/Machine Tools |
| 2,510,194 | | 2,510,194 | ||||||||||||
Healthcare-Products |
| 3,460,350 | | 3,460,350 | ||||||||||||
Healthcare-Services |
| 18,533,500 | | 18,533,500 | ||||||||||||
Holding Companies-Diversified |
| 1,685,251 | | 1,685,251 | ||||||||||||
Home Furnishings |
| 4,440,570 | | 4,440,570 | ||||||||||||
Household Products/Wares |
| 2,574,209 | | 2,574,209 | ||||||||||||
Housewares |
| 2,364,544 | | 2,364,544 | ||||||||||||
Insurance |
| 22,342,248 | | 22,342,248 | ||||||||||||
Internet |
| 19,332,758 | | 19,332,758 | ||||||||||||
Investment Companies |
| 3,770,298 | | 3,770,298 | ||||||||||||
Leisure Time |
| 11,713,491 | | 11,713,491 | ||||||||||||
Lodging |
| 4,138,313 | | 4,138,313 | ||||||||||||
Machinery-Construction & Mining |
| 3,914,504 | | 3,914,504 | ||||||||||||
Machinery-Diversified |
| 10,998,094 | | 10,998,094 | ||||||||||||
Media |
| 11,669,977 | | 11,669,977 | ||||||||||||
Metal Fabricate/Hardware (Less Unfunded Loan Commitments of $10,114) |
| 5,390,738 | 701,989 | 6,092,727 | ||||||||||||
Mining |
| 1,060,999 | | 1,060,999 | ||||||||||||
Miscellaneous Manufacturing |
| 7,298,541 | | 7,298,541 | ||||||||||||
Oil & Gas |
| 359,467 | | 359,467 | ||||||||||||
Oil & Gas Services |
| 152,719 | | 152,719 | ||||||||||||
Packaging & Containers |
| 12,470,461 | | 12,470,461 | ||||||||||||
Pharmaceuticals |
| 19,018,213 | | 19,018,213 | ||||||||||||
Pipelines |
| 5,029,854 | | 5,029,854 | ||||||||||||
Real Estate |
| 4,065,912 | | 4,065,912 | ||||||||||||
Retail |
| 17,880,314 | 9,007 | 17,889,321 | ||||||||||||
Semiconductors |
| 3,362,026 | | 3,362,026 | ||||||||||||
Software |
| 92,460,199 | | 92,460,199 | ||||||||||||
Telecommunications |
| 12,862,225 | | 12,862,225 | ||||||||||||
Transportation |
| 4,177,964 | | 4,177,964 | ||||||||||||
Total Floating Rate Loans (Less Unfunded Loan Commitments of $10,114) |
| 541,382,898 | 710,996 | 542,093,894 | ||||||||||||
Total Corporate Bonds & Notes* |
| 18,025,448 | | 18,025,448 | ||||||||||||
Common Stocks |
| |||||||||||||||
Commercial Services |
| 337,440 | 0 | 337,440 | ||||||||||||
Electric Utilities |
| | 276,359 | 276,359 | ||||||||||||
Energy Equipment & Services |
29,358 | | | 29,358 | ||||||||||||
Entertainment |
| 336,578 | | 336,578 | ||||||||||||
Health Care Equipment & Supplies |
| | 0 | 0 | ||||||||||||
Household Products |
| 1,333,564 | 0 | 1,333,564 | ||||||||||||
Investment Company Securities |
| 17,837 | | 17,837 | ||||||||||||
Media |
| | 0 | 0 | ||||||||||||
Metals & Mining |
| 523,795 | 50,977 | 574,772 | ||||||||||||
Pharmaceuticals |
| 1,578 | | 1,578 | ||||||||||||
Professional Services |
59,283 | | | 59,283 | ||||||||||||
Specialty Retail |
| | 2,959 | 2,959 | ||||||||||||
Total Common Stocks |
88,641 | 2,550,792 | 330,295 | 2,969,728 | ||||||||||||
Total Preferred Stock* |
| 780,150 | | 780,150 | ||||||||||||
Total Warrants* |
| | 0 | 0 | ||||||||||||
Total Short-Term Investment* |
| 9,679,199 | | 9,679,199 | ||||||||||||
Total Net Investments |
$ | 88,641 | $ | 572,418,487 | $ | 1,041,291 | $ | 573,548,419 | ||||||||
* | See Schedule of Investments for additional detailed categorizations. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2023 is not presented.
During the period ended September 30, 2023, transfers into Level 3 in the amount of $932,846 were due to the cessation of a vendor or broker providing prices based on market indications which resulted in a lack of significant observable inputs.
BHFTI-116
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies44.2% of Net Assets
Security Description | Principal Amount* |
Value | ||||||
Agency Sponsored Mortgage - Backed2.9% | ||||||||
Federal Home Loan Mortgage Corp. |
3,434,047 | $ | 3,106,154 | |||||
3.500%, 10/01/37 |
3,638,294 | 3,363,986 | ||||||
Federal Home Loan Mortgage Corp. STACR REMIC Trust |
1,156,188 | 1,164,435 | ||||||
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes |
1,697,609 | 1,734,639 | ||||||
9.429%, SOFR30A + 4.114%, 08/25/24 (a) |
51,159 | 51,539 | ||||||
9.979%, SOFR30A + 4.664%, 10/25/24 (a) |
697,119 | 705,833 | ||||||
10.079%, SOFR30A + 4.764%, 10/25/28 (a) |
1,414,545 | 1,485,163 | ||||||
10.579%, SOFR30A + 5.264%, 11/25/28 (a) |
1,004,488 | 1,064,666 | ||||||
Federal National Mortgage Association | ||||||||
3.795%, 1Y RFUCCT + 1.420%, 03/01/36 (a) |
4,212 | 4,134 | ||||||
3.800%, 1Y H15 + 1.675%, 11/01/32 (a) |
7,029 | 6,874 | ||||||
3.800%, 1Y RFUCCT + 1.550%, 02/01/44 (a) |
25,304 | 24,770 | ||||||
3.821%, 1Y RFUCCT + 1.571%, 11/01/36 (a) |
202 | 199 | ||||||
3.845%, 6M RFUCCT + 0.845%, 11/01/33 (a) |
357 | 350 | ||||||
3.901%, 1Y RFUCCT + 1.651%, 10/01/33 (a) |
13,893 | 13,665 | ||||||
3.905%, 1Y RFUCCT + 1.655%, 08/01/34 (a) |
760 | 746 | ||||||
3.928%, 1Y H15 + 2.161%, 03/01/30 (a) |
152 | 147 | ||||||
3.960%, 1Y RFUCCT + 1.585%, 02/01/36 (a) |
9,070 | 8,914 | ||||||
3.973%, 1Y RFUCCT + 1.723%, 10/01/36 (a) |
949 | 942 | ||||||
4.028%, 1Y RFUCCT + 1.778%, 12/01/35 (a) |
99,124 | 97,629 | ||||||
4.030%, 1Y RFUCCT + 1.530%, 02/01/33 (a) |
24,964 | 24,549 | ||||||
4.038%, 6M RFUCCT + 1.538%, 09/01/35 (a) |
4,138 | 4,066 | ||||||
4.123%, 1Y H15 + 1.998%, 10/01/32 (a) |
8,487 | 8,366 | ||||||
4.166%, 1Y H15 + 2.270%, 08/01/30 (a) |
8,361 | 8,012 | ||||||
4.210%, 1Y RFUCCT + 1.835%, 03/01/36 (a) |
13,160 | 12,918 | ||||||
4.266%, 1Y RFUCCT + 1.711%, 09/01/35 (a) |
661,360 | 669,682 | ||||||
4.277%, 1Y H15 + 2.152%, 12/01/33 (a) |
33,039 | 32,419 | ||||||
4.290%, 1Y H15 + 2.165%, 07/01/33 (a) |
16,907 | 16,148 | ||||||
4.290%, 6M RFUCCT + 1.413%, 11/01/34 (a) |
2,637 | 2,590 | ||||||
4.323%, 1Y RFUCCT + 1.815%, 03/01/36 (a) |
8,538 | 8,397 | ||||||
4.374%, 1Y H15 + 1.886%, 02/01/25 (a) |
3,727 | 3,701 | ||||||
4.386%, 1Y RFUCCT + 1.580%, 03/01/33 (a) |
11,451 | 11,258 | ||||||
4.395%, 1Y H15 + 2.270%, 01/01/29 (a) |
1,459 | 1,392 | ||||||
4.395%, 1Y H15 + 2.270%, 01/01/32 (a) |
4,480 | 4,372 | ||||||
4.410%, 1Y H15 + 2.285%, 02/01/35 (a) |
25,549 | 25,002 | ||||||
4.438%, 1Y H15 + 2.196%, 09/01/33 (a) |
1,340 | 1,319 | ||||||
4.500%, 09/01/24 |
18,265 | 17,646 | ||||||
4.500%, 03/01/25 |
89,525 | 86,526 | ||||||
4.525%, 1Y H15 + 2.275%, 06/01/35 (a) |
34,179 | 33,336 | ||||||
4.540%, 6M RFUCCT + 1.415%, 12/01/32 (a) |
36,854 | 36,032 | ||||||
4.560%, 1Y RFUCCT + 1.810%, 04/01/40 (a) |
605 | 595 | ||||||
4.641%, 6M RFUCCT + 1.570%, 11/01/35 (a) |
22,797 | 22,877 | ||||||
4.643%, 1Y H15 + 2.431%, 04/01/36 (a) |
1,391 | 1,360 | ||||||
4.662%, 6M RFUCCT + 1.790%, 06/01/28 (a) |
714 | 703 | ||||||
4.665%, 6M RFUCCT + 1.415%, 06/01/32 (a) |
6,486 | 6,352 | ||||||
4.709%, 6M RFUCCT + 1.399%, 03/01/35 (a) |
9,298 | 9,203 | ||||||
4.758%, 6M RFUCCT + 1.635%, 03/01/37 (a) |
1,374 | 1,384 | ||||||
4.764%, 1Y H15 + 1.895%, 08/01/29 (a) |
263 | 260 | ||||||
4.783%, 1Y H15 + 2.182%, 04/01/27 (a) |
13 | 13 | ||||||
4.783%, 1Y RFUCCT + 1.615%, 01/01/36 (a) |
17,829 | 17,585 | ||||||
4.805%, 1Y H15 + 2.090%, 07/01/33 (a) |
13,320 | 13,195 | ||||||
4.956%, 1Y H15 + 2.178%, 11/01/35 (a) |
671,805 | 679,441 | ||||||
Agency Sponsored Mortgage - Backed(Continued) | ||||||||
Federal National Mortgage Association | ||||||||
5.000%, 6M RFUCCT + 2.250%, 10/01/33 (a) |
15,032 | 14,761 | ||||||
5.010%, 1Y H15 + 2.010%, 06/01/25 (a) |
513 | 509 | ||||||
5.014%, 1Y RFUCCT + 1.680%, 11/01/36 (a) |
505,745 | 503,659 | ||||||
5.069%, 1Y RFUCCT + 1.905%, 11/01/35 (a) |
221,117 | 224,804 | ||||||
5.105%, 1Y H15 + 2.232%, 09/01/36 (a) |
245 | 240 | ||||||
5.125%, 1Y RFUCCT + 1.750%, 04/01/34 (a) |
13,575 | 13,250 | ||||||
5.185%, 1Y RFUCCT + 1.810%, 04/01/35 (a) |
143,753 | 140,519 | ||||||
5.255%, 1Y H15 + 2.278%, 01/01/32 (a) |
444 | 442 | ||||||
5.364%, 1Y H15 + 2.510%, 07/01/28 (a) |
667 | 658 | ||||||
5.390%, 1Y H15 + 2.360%, 11/01/34 (a) |
719,416 | 734,104 | ||||||
5.481%, 6M RFUCCT + 2.106%, 09/01/33 (a) |
17,570 | 17,203 | ||||||
5.512%, 1Y H15 + 2.468%, 09/01/33 (a) |
370 | 364 | ||||||
5.525%, 6M RFUCCT + 2.275%, 08/01/32 (a) |
13,190 | 12,901 | ||||||
5.583%, 1Y RFUCCT + 1.833%, 08/01/32 (a) |
27,627 | 27,127 | ||||||
5.604%, 1Y H15 + 2.244%, 03/01/38 (a) |
3,956 | 3,920 | ||||||
5.625%, 1Y RFUCCT + 1.375%, 07/01/33 (a) |
10,357 | 10,145 | ||||||
5.641%, 1Y RFUCCT + 1.637%, 05/01/33 (a) |
5,561 | 5,446 | ||||||
5.752%, 1Y RFUCCT + 1.502%, 07/01/33 (a) |
23,667 | 23,299 | ||||||
5.859%, 1Y RFUCCT + 1.690%, 11/01/35 (a) |
4,984 | 4,899 | ||||||
5.895%, 1Y RFUCCT + 1.645%, 09/01/39 (a) |
1,541 | 1,515 | ||||||
5.942%, 1Y RFUCCT + 1.692%, 08/01/37 (a) |
2,933 | 2,920 | ||||||
6.094%, 1Y RFUCCT + 1.844%, 09/01/37 (a) |
631 | 625 | ||||||
6.120%, 6M RFUCCT + 1.620%, 11/01/32 (a) |
2,931 | 2,919 | ||||||
6.150%, 1Y H15 + 2.150%, 08/01/33 (a) |
34,831 | 34,567 | ||||||
6.161%, 1Y H15 + 2.223%, 07/01/35 (a) |
5,708 | 5,732 | ||||||
6.290%, 1Y H15 + 2.290%, 08/01/32 (a) |
3,381 | 3,344 | ||||||
6.386%, 6M RFUCCT + 1.157%, 03/01/28 (a) |
1,314 | 1,311 | ||||||
6.443%, 6M RFUCCT + 1.112%, 11/01/33 (a) |
591 | 588 | ||||||
6.526%, 6M RFUCCT + 1.689%, 04/01/36 (a) |
12,403 | 12,531 | ||||||
6.736%, 6M RFUCCT + 1.430%, 02/01/36 (a) |
16,812 | 16,932 | ||||||
6.847%, 6M RFUCCT + 1.570%, 12/01/34 (a) |
15,732 | 15,890 | ||||||
7.223%, 6M RFUCCT + 1.585%, 03/01/36 (a) |
44,170 | 44,712 | ||||||
Federal National Mortgage Association Connecticut Avenue Securities |
473,094 | 477,216 | ||||||
9.429%, SOFR30A + 4.114%, 05/25/25 (a) |
770,245 | 793,353 | ||||||
9.729%, SOFR30A + 4.414%, 02/25/25 (a) |
678,982 | 699,351 | ||||||
10.429%, SOFR30A + 5.114%, 11/25/24 (a) |
10,859 | 10,896 | ||||||
10.429%, SOFR30A + 5.114%, 07/25/25 (a) |
690,137 | 725,431 | ||||||
10.679%, SOFR30A + 5.364%, 10/25/23 (a) |
918,168 | 924,251 | ||||||
12.379%, SOFR30A + 7.064%, 08/25/28 (a) |
717,953 | 753,760 | ||||||
|
|
|||||||
20,861,578 | ||||||||
|
|
|||||||
U.S. Treasury41.3% | ||||||||
U.S. Treasury Inflation-Indexed Notes |
8,275,547 | 7,731,171 | ||||||
U.S. Treasury Notes | ||||||||
0.250%, 05/31/25 |
40,000,000 | 36,884,375 | ||||||
0.375%, 04/30/25 (c) |
5,000,000 | 4,635,352 | ||||||
0.625%, 10/15/24 |
25,000,000 | 23,794,922 | ||||||
1.000%, 12/15/24 (d) |
34,000,000 | 32,285,391 | ||||||
1.250%, 12/31/26 |
1,642,000 | 1,470,873 | ||||||
1.500%, 02/15/25 |
39,000,000 | 37,046,953 | ||||||
1.625%, 02/15/26 |
36,500,000 | 33,810,976 |
BHFTI-117
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies(Continued)
Security Description | Principal Amount* |
Value | ||||||
U.S. Treasury(Continued) | ||||||||
U.S. Treasury Notes | ||||||||
2.625%, 04/15/25 |
34,000,000 | $ | 32,699,766 | |||||
2.875%, 05/31/25 (c) |
35,000,000 | 33,710,742 | ||||||
2.875%, 11/30/25 |
36,000,000 | 34,439,062 | ||||||
4.625%, 06/30/25 (c) |
20,000,000 | 19,828,906 | ||||||
|
|
|||||||
298,338,489 | ||||||||
|
|
|||||||
Total U.S. Treasury & Government Agencies |
319,200,067 | |||||||
|
|
|||||||
Corporate Bonds & Notes35.2% |
| |||||||
Aerospace/Defense1.2% | ||||||||
Boeing Co. |
2,600,000 | 2,387,277 | ||||||
General Dynamics Corp. |
3,300,000 | 3,191,107 | ||||||
RTX Corp. |
2,700,000 | 2,517,630 | ||||||
TransDigm, Inc. |
300,000 | 294,774 | ||||||
|
|
|||||||
8,390,788 | ||||||||
|
|
|||||||
Agriculture0.7% | ||||||||
Altria Group, Inc. |
2,200,000 | 2,080,933 | ||||||
Imperial Brands Finance PLC |
300,000 | 292,353 | ||||||
4.250%, 07/21/25 (144A) |
800,000 | 770,599 | ||||||
Philip Morris International, Inc. |
900,000 | 871,898 | ||||||
5.250%, 09/07/28 (c) |
900,000 | 881,297 | ||||||
|
|
|||||||
4,897,080 | ||||||||
|
|
|||||||
Airlines0.7% | ||||||||
American Airlines, Inc./AAdvantage Loyalty IP Ltd. |
916,667 | 895,274 | ||||||
Delta Air Lines, Inc./SkyMiles IP Ltd. |
3,967,760 | 3,853,879 | ||||||
United Airlines Pass-Through Trust |
129,300 | 125,172 | ||||||
|
|
|||||||
4,874,325 | ||||||||
|
|
|||||||
Auto Manufacturers0.3% | ||||||||
Mercedes-Benz Finance North America LLC |
2,100,000 | 2,081,858 | ||||||
|
|
|||||||
Banks11.9% | ||||||||
ABN AMRO Bank NV |
600,000 | 598,496 | ||||||
Bank of America Corp. |
2,800,000 | 2,679,868 | ||||||
Bank of Montreal |
3,000,000 | 2,948,977 | ||||||
Banks(Continued) | ||||||||
Bank of New York Mellon |
2,300,000 | 2,279,423 | ||||||
Bank of Nova Scotia |
2,300,000 | 2,097,883 | ||||||
BNP Paribas SA |
700,000 | 653,249 | ||||||
2.819%, 3M TSFR + 1.373%, 11/19/25 (144A) (a) |
1,500,000 | 1,440,646 | ||||||
BPCE SA |
3,000,000 | 2,842,698 | ||||||
Citigroup, Inc. |
1,900,000 | 1,818,263 | ||||||
4.600%, 03/09/26 |
4,000,000 | 3,861,649 | ||||||
Deutsche Bank AG |
2,000,000 | 1,939,350 | ||||||
Goldman Sachs Group, Inc. |
2,000,000 | 1,783,409 | ||||||
3.750%, 02/25/26 (c) |
2,000,000 | 1,901,257 | ||||||
4.250%, 10/21/25 |
3,000,000 | 2,890,994 | ||||||
4.387%, SOFR + 1.510%, 06/15/27 (a) (c) |
900,000 | 866,029 | ||||||
5.700%, 11/01/24 (c) |
1,600,000 | 1,593,886 | ||||||
HSBC Holdings PLC |
900,000 | 867,080 | ||||||
1.645%, SOFR + 1.538%, 04/18/26 (a) |
1,500,000 | 1,394,129 | ||||||
4.180%, SOFR + 1.510%, 12/09/25 (a) |
1,900,000 | 1,848,656 | ||||||
Huntington National Bank |
1,700,000 | 1,661,599 | ||||||
JPMorgan Chase & Co. |
5,400,000 | 5,068,469 | ||||||
3.845%, SOFR + 0.980%, 06/14/25 (a) (c) |
1,700,000 | 1,669,989 | ||||||
3.875%, 09/10/24 |
2,500,000 | 2,448,620 | ||||||
KeyBank NA |
1,600,000 | 1,506,735 | ||||||
Manufacturers & Traders Trust Co. |
2,300,000 | 2,230,367 | ||||||
Mitsubishi UFJ Financial Group, Inc. |
3,200,000 | 3,164,996 | ||||||
Mizuho Financial Group, Inc. |
1,400,000 | 1,380,557 | ||||||
Morgan Stanley |
2,900,000 | 2,724,238 | ||||||
4.350%, 09/08/26 |
2,200,000 | 2,097,654 | ||||||
National Bank of Canada |
2,300,000 | 2,256,158 | ||||||
Nordea Bank Abp |
1,200,000 | 1,174,889 | ||||||
Santander U.K. Group Holdings PLC |
1,800,000 | 1,574,457 | ||||||
Shinhan Bank Co. Ltd. |
2,500,000 | 2,196,331 | ||||||
Societe Generale SA |
1,500,000 | 1,322,189 | ||||||
2.226%, 1Y H15 + 1.050%, 01/21/26 (144A) (a) (c) |
1,700,000 | 1,600,322 | ||||||
Toronto-Dominion Bank |
4,200,000 | 4,132,363 | ||||||
Truist Financial Corp. |
2,000,000 | 1,977,929 |
BHFTI-118
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Banks(Continued) | ||||||||
UBS Group AG |
1,200,000 | $ | 1,152,545 | |||||
5.711%, 1Y H15 + 1.550%, 01/12/27 (144A) (a) (c) |
1,900,000 | 1,875,875 | ||||||
Wells Fargo & Co. |
2,500,000 | 2,347,334 | ||||||
4.100%, 06/03/26 (c) |
3,000,000 | 2,849,485 | ||||||
Woori Bank |
1,200,000 | 1,188,060 | ||||||
|
|
|||||||
85,907,103 | ||||||||
|
|
|||||||
Beverages0.6% | ||||||||
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. |
1,400,000 | 1,344,504 | ||||||
Anheuser-Busch InBev Worldwide, Inc. |
1,500,000 | 1,454,347 | ||||||
Coca-Cola Europacific Partners PLC |
1,600,000 | 1,399,177 | ||||||
|
|
|||||||
4,198,028 | ||||||||
|
|
|||||||
Biotechnology0.5% | ||||||||
Amgen, Inc. |
2,300,000 | 2,262,040 | ||||||
Bio-Rad Laboratories, Inc. |
300,000 | 276,491 | ||||||
Illumina, Inc. |
1,200,000 | 1,192,251 | ||||||
|
|
|||||||
3,730,782 | ||||||||
|
|
|||||||
Commercial Services0.1% | ||||||||
Grand Canyon University |
600,000 | 572,700 | ||||||
|
|
|||||||
Computers0.2% | ||||||||
Hewlett Packard Enterprise Co. |
1,700,000 | 1,698,620 | ||||||
|
|
|||||||
Cosmetics/Personal Care0.9% | ||||||||
Estee Lauder Cos., Inc. |
950,000 | 915,007 | ||||||
Haleon U.S. Capital LLC |
3,400,000 | 3,154,347 | ||||||
Kenvue, Inc. |
2,300,000 | 2,269,549 | ||||||
|
|
|||||||
6,338,903 | ||||||||
|
|
|||||||
Diversified Financial Services0.6% | ||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust |
1,000,000 | 857,478 | ||||||
6.100%, 01/15/27 (c) |
1,000,000 | 995,104 | ||||||
Capital One Financial Corp. |
2,500,000 | 2,254,788 | ||||||
|
|
|||||||
4,107,370 | ||||||||
|
|
|||||||
Electric2.9% | ||||||||
Berkshire Hathaway Energy Co. |
1,700,000 | 1,655,994 | ||||||
Dominion Energy, Inc. |
2,000,000 | 1,799,378 | ||||||
DTE Energy Co. |
1,500,000 | 1,449,659 | ||||||
Electricite de France SA |
300,000 | 297,088 | ||||||
Exelon Corp. |
2,000,000 | 1,894,293 | ||||||
4.050%, 04/15/30 (c) |
2,400,000 | 2,160,024 | ||||||
Florida Power & Light Co. |
910,000 | 877,467 | ||||||
Korea East-West Power Co. Ltd. |
2,500,000 | 2,345,248 | ||||||
3.600%, 05/06/25 (144A) (c) |
1,600,000 | 1,544,999 | ||||||
NextEra Energy Capital Holdings, Inc. |
1,700,000 | 1,695,226 | ||||||
6.051%, 03/01/25 |
900,000 | 901,362 | ||||||
Southern Co. |
3,000,000 | 2,812,957 | ||||||
5.500%, 03/15/29 (c) |
1,700,000 | 1,689,256 | ||||||
|
|
|||||||
21,122,951 | ||||||||
|
|
|||||||
Electronics0.2% | ||||||||
Flex Ltd. |
1,300,000 | 1,235,800 | ||||||
|
|
|||||||
Entertainment0.0% | ||||||||
Banijay Entertainment |
300,000 | 297,753 | ||||||
|
|
|||||||
Food0.1% | ||||||||
Hershey Co. |
900,000 | 871,588 | ||||||
|
|
|||||||
Healthcare-Products0.6% | ||||||||
Baxter International, Inc. |
3,000,000 | 2,645,864 | ||||||
GE HealthCare Technologies, Inc. |
900,000 | 895,489 | ||||||
5.650%, 11/15/27 (c) |
1,000,000 | 998,359 | ||||||
|
|
|||||||
4,539,712 | ||||||||
|
|
|||||||
Healthcare-Services0.8% | ||||||||
Centene Corp. |
900,000 | 750,665 | ||||||
Elevance Health, Inc. |
3,000,000 | 2,717,071 | ||||||
Quest Diagnostics, Inc. |
2,100,000 | 1,988,326 | ||||||
|
|
|||||||
5,456,062 | ||||||||
|
|
BHFTI-119
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Insurance2.2% | ||||||||
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer |
500,000 | $ | 482,527 | |||||
Corebridge Global Funding |
1,600,000 | 1,594,484 | ||||||
GA Global Funding Trust |
3,800,000 | 3,650,923 | ||||||
Marsh & McLennan Cos., Inc. |
2,600,000 | 2,465,837 | ||||||
New York Life Global Funding |
3,200,000 | 3,092,173 | ||||||
Northwestern Mutual Global Funding |
1,500,000 | 1,460,746 | ||||||
Pricoa Global Funding I |
1,500,000 | 1,473,541 | ||||||
Protective Life Global Funding |
1,500,000 | 1,436,571 | ||||||
|
|
|||||||
15,656,802 | ||||||||
|
|
|||||||
Internet0.8% | ||||||||
Meta Platforms, Inc. |
3,100,000 | 3,032,463 | ||||||
Netflix, Inc. |
800,000 | 771,848 | ||||||
4.375%, 11/15/26 (c) |
700,000 | 674,898 | ||||||
5.750%, 03/01/24 |
400,000 | 398,540 | ||||||
Tencent Holdings Ltd. |
900,000 | 825,528 | ||||||
|
|
|||||||
5,703,277 | ||||||||
|
|
|||||||
Lodging0.3% | ||||||||
Sands China Ltd. |
1,200,000 | 1,041,029 | ||||||
Studio City Finance Ltd. |
1,000,000 | 951,700 | ||||||
|
|
|||||||
1,992,729 | ||||||||
|
|
|||||||
Media1.5% | ||||||||
Charter Communications Operating LLC/Charter Communications Operating Capital |
3,000,000 | 2,931,457 | ||||||
Comcast Corp. |
2,000,000 | 1,920,681 | ||||||
DISH DBS Corp. |
800,000 | 679,881 | ||||||
Fox Corp. |
1,700,000 | 1,631,247 | ||||||
TWDC Enterprises 18 Corp. |
3,000,000 | 2,870,497 | ||||||
Walt Disney Co. |
1,300,000 | 1,197,283 | ||||||
|
|
|||||||
11,231,046 | ||||||||
|
|
|||||||
Miscellaneous Manufacturing0.2% | ||||||||
Parker-Hannifin Corp. |
1,600,000 | 1,575,220 | ||||||
|
|
|||||||
Multi-National0.2% | ||||||||
Banque Ouest Africaine de Developpement |
1,300,000 | 1,151,886 | ||||||
|
|
|||||||
Oil & Gas1.9% | ||||||||
Aker BP ASA |
1,010,000 | 901,411 | ||||||
BP Capital Markets America, Inc. |
2,000,000 | 1,911,517 | ||||||
3.796%, 09/21/25 (c) |
3,200,000 | 3,102,621 | ||||||
CITGO Petroleum Corp. |
1,100,000 | 1,086,268 | ||||||
Endeavor Energy Resources LP/EER Finance, Inc. |
900,000 | 868,467 | ||||||
Equinor ASA |
1,300,000 | 1,199,778 | ||||||
2.875%, 04/06/25 (c) |
4,700,000 | 4,525,439 | ||||||
Petroleos Mexicanos |
350,000 | 335,275 | ||||||
|
|
|||||||
13,930,776 | ||||||||
|
|
|||||||
Pharmaceuticals1.8% | ||||||||
AstraZeneca PLC |
200,000 | 178,520 | ||||||
Bayer U.S. Finance II LLC |
3,000,000 | 2,987,395 | ||||||
Cigna Group |
4,000,000 | 3,600,372 | ||||||
CVS Health Corp. |
1,600,000 | 1,514,258 | ||||||
5.000%, 01/30/29 (c) |
1,500,000 | 1,451,103 | ||||||
Pfizer Investment Enterprises Pte. Ltd. |
2,700,000 | 2,603,111 | ||||||
Teva Pharmaceutical Finance Netherlands III BV |
800,000 | 734,027 | ||||||
|
|
|||||||
13,068,786 | ||||||||
|
|
|||||||
Pipelines1.5% | ||||||||
Cheniere Corpus Christi Holdings LLC |
2,500,000 | 2,481,400 | ||||||
Energy Transfer LP |
1,800,000 | 1,750,361 | ||||||
EnLink Midstream Partners LP |
1,100,000 | 1,035,604 | ||||||
MPLX LP |
2,500,000 | 2,464,564 | ||||||
Sabine Pass Liquefaction LLC |
1,700,000 | 1,689,286 | ||||||
5.750%, 05/15/24 (c) |
221,000 | 220,533 | ||||||
Venture Global LNG, Inc. |
600,000 | 594,086 |
BHFTI-120
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Pipelines(Continued) | ||||||||
Williams Cos., Inc. |
500,000 | $ | 481,754 | |||||
|
|
|||||||
10,717,588 | ||||||||
|
|
|||||||
Real Estate Investment Trusts0.5% | ||||||||
MPT Operating Partnership LP/MPT Finance Corp. |
1,300,000 | 1,007,400 | ||||||
Prologis LP |
2,250,000 | 2,192,319 | ||||||
Public Storage Operating Co. |
400,000 | 393,659 | ||||||
|
|
|||||||
3,593,378 | ||||||||
|
|
|||||||
Retail0.0% | ||||||||
Advance Auto Parts, Inc. |
150,000 | 144,867 | ||||||
5.950%, 03/09/28 |
150,000 | 141,769 | ||||||
KSouth Africa Ltd. |
712,186 | 0 | ||||||
25.000%, 12/31/22 (144A) (e) (f) (g) |
313,720 | 0 | ||||||
Party City Holdings, Inc. |
195,885 | 25,465 | ||||||
|
|
|||||||
312,101 | ||||||||
|
|
|||||||
Semiconductors0.4% | ||||||||
SK Hynix, Inc. |
3,400,000 | 3,054,888 | ||||||
|
|
|||||||
Software0.1% | ||||||||
Fiserv, Inc. |
1,000,000 | 887,449 | ||||||
|
|
|||||||
Telecommunications1.4% | ||||||||
AT&T, Inc. |
2,700,000 | 2,278,790 | ||||||
2.300%, 06/01/27 |
400,000 | 354,179 | ||||||
CommScope Technologies LLC |
300,000 | 285,586 | ||||||
Iliad Holding SASU |
700,000 | 657,659 | ||||||
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC |
112,500 | 111,307 | ||||||
T-Mobile USA, Inc. |
3,000,000 | 2,911,394 | ||||||
Verizon Communications, Inc. |
4,300,000 | 3,882,474 | ||||||
|
|
|||||||
10,481,389 | ||||||||
|
|
|||||||
Trucking & Leasing0.1% | ||||||||
DAE Funding LLC |
600,000 | 574,581 | ||||||
|
|
|||||||
Total Corporate Bonds & Notes |
254,253,319 | |||||||
|
|
|||||||
Asset-Backed Securities7.4% |
| |||||||
Security Description | Principal Amount* |
Value | ||||||
Asset-Backed - Credit Card2.3% | ||||||||
American Express Credit Account Master Trust |
5,496,000 | 5,319,877 | ||||||
BA Credit Card Trust |
1,200,000 | 1,159,631 | ||||||
Capital One Multi-Asset Execution Trust |
3,070,000 | 2,965,872 | ||||||
Chase Issuance Trust |
2,047,000 | 1,988,708 | ||||||
Discover Card Execution Note Trust |
5,710,000 | 5,511,492 | ||||||
|
|
|||||||
16,945,580 | ||||||||
|
|
|||||||
Asset-Backed - Other5.1% | ||||||||
American Homes 4 Rent Trust |
2,128,814 | 2,048,101 | ||||||
Bain Capital Credit CLO Ltd. |
1,000,000 | 986,005 | ||||||
Carlyle Direct Lending CLO LLC |
1,000,000 | 968,760 | ||||||
CF Hippolyta Issuer LLC |
1,142,304 | 1,037,616 | ||||||
Cook Park CLO Ltd. |
1,500,000 | 1,473,579 | ||||||
Countrywide Asset-Backed Certificates Trust |
28,314 | 27,691 | ||||||
Dryden 45 Senior Loan Fund |
3,000,000 | 2,955,951 | ||||||
FirstKey Homes Trust |
1,405,333 | 1,275,056 | ||||||
Home Partners of America Trust |
487,926 | 411,859 | ||||||
Neuberger Berman CLO XVIII Ltd. |
1,700,000 | 1,683,785 | ||||||
New Economy Assets Phase 1 Sponsor LLC |
5,010,000 | 4,320,110 | ||||||
Octagon 58 Ltd. |
3,000,000 | 2,936,595 | ||||||
Octagon Investment Partners 28 Ltd. |
2,000,000 | 1,972,832 | ||||||
Octagon Investment Partners 35 Ltd. |
600,000 | 594,163 | ||||||
OHA Credit Partners VII Ltd. |
6,398,000 | 6,356,151 | ||||||
RAAC Trust |
45,257 | 44,397 | ||||||
RR 14 Ltd. |
5,382,000 | 5,344,111 | ||||||
Voya CLO Ltd. |
2,454,544 | 2,401,023 | ||||||
|
|
|||||||
36,837,785 | ||||||||
|
|
|||||||
Total Asset-Backed Securities |
53,783,365 | |||||||
|
|
BHFTI-121
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Mortgage-Backed Securities4.8%
Security Description | Principal Amount* |
Value | ||||||
Collateralized Mortgage Obligations3.4% | ||||||||
Adjustable Rate Mortgage Trust |
636,717 | $ | 617,522 | |||||
BRAVO Residential Funding Trust |
1,005,080 | 935,370 | ||||||
CHL Mortgage Pass-Through Trust |
170,395 | 156,853 | ||||||
COLT Mortgage Loan Trust |
957,103 | 896,431 | ||||||
Credit Suisse First Boston Mortgage Securities Corp. |
34,444 | 19,671 | ||||||
JP Morgan Mortgage Trust |
4,231,135 | 3,585,630 | ||||||
2.500%, 04/25/52 (144A) (a) |
3,821,939 | 3,227,202 | ||||||
2.500%, 06/25/52 (144A) (a) |
751,178 | 624,123 | ||||||
Merrill Lynch Mortgage Investors Trust |
70,056 | 64,696 | ||||||
Mill City Mortgage Loan Trust |
591,452 | 570,373 | ||||||
3.500%, 04/25/66 (144A) (a) |
1,260,343 | 1,198,076 | ||||||
New York Mortgage Trust |
44,109 | 42,246 | ||||||
OBX Trust |
2,523,044 | 2,134,968 | ||||||
2.500%, 10/25/51 (144A) (a) |
675,563 | 568,802 | ||||||
6.084%, 1M TSFR + 0.764%, 06/25/57 (144A) (a) |
312,944 | 296,634 | ||||||
Provident Funding Mortgage Trust |
2,584,008 | 2,153,588 | ||||||
PSMC Trust |
3,906,894 | 3,328,547 | ||||||
Sequoia Mortgage Trust |
111,347 | 100,752 | ||||||
Towd Point Mortgage Trust |
207,952 | 205,630 | ||||||
3.000%, 06/25/58 (144A) (a) |
1,412,842 | 1,265,444 | ||||||
3.750%, 03/25/58 (144A) (a) |
357,756 | 332,863 | ||||||
3.750%, 05/25/58 (144A) (a) |
2,045,346 | 1,935,663 | ||||||
WaMu Mortgage Pass-Through Certificates Trust |
457,360 | 438,530 | ||||||
|
|
|||||||
24,699,614 | ||||||||
|
|
|||||||
Commercial Mortgage-Backed Securities1.4% | ||||||||
BX Commercial Mortgage Trust |
1,950,000 | 1,897,376 | ||||||
BX Mortgage Trust |
2,643,000 | 2,583,293 | ||||||
BX Trust |
2,631,008 | 2,610,880 | ||||||
Commercial Mortgage Trust |
357,974 | 150,349 | ||||||
DBCG Mortgage Trust |
2,550,000 | 2,523,219 | ||||||
|
|
|||||||
9,765,117 | ||||||||
|
|
|||||||
Total Mortgage-Backed Securities |
34,464,731 | |||||||
|
|
|||||||
Floating Rate Loans (h)2.0% |
| |||||||
Security Description | Principal Amount* |
Value | ||||||
Aerospace/Defense0.1% | ||||||||
Alloy Finco Ltd. |
508,315 | 489,571 | ||||||
|
|
|||||||
Airlines0.1% | ||||||||
United Airlines, Inc. |
584,692 | 588,479 | ||||||
|
|
|||||||
Auto Parts & Equipment0.1% | ||||||||
First Brands Group LLC |
428,110 | 423,650 | ||||||
|
|
|||||||
Beverages0.0% | ||||||||
Triton Water Holdings, Inc. |
346,514 | 339,614 | ||||||
|
|
|||||||
Chemicals0.0% | ||||||||
INEOS Styrolution U.S. Holding LLC |
||||||||
2021 USD Term Loan B, 8.181%, 1M TSFR + 2.750%, 01/29/26 |
345,412 | 344,764 | ||||||
|
|
|||||||
Commercial Services0.1% | ||||||||
Allied Universal Holdco LLC |
||||||||
USD Incremental Term Loan B, 9.166%, 1M TSFR + 3.750%, 05/12/28 |
264,772 | 256,302 | ||||||
Verscend Holding Corp. |
232,422 | 232,804 | ||||||
|
|
|||||||
489,106 | ||||||||
|
|
|||||||
Computers0.1% | ||||||||
Magenta Buyer LLC |
||||||||
USD 1st Lien Term Loan, 10.631%, 3M TSFR + 5.000%, 07/27/28 |
206,281 | 154,858 | ||||||
Peraton Corp. |
317,606 | 317,176 | ||||||
|
|
|||||||
472,034 | ||||||||
|
|
|||||||
Diversified Financial Services0.1% | ||||||||
Citadel Securities LP |
||||||||
2023 Term Loan B, 7.888%, 3M TSFR + 2.500%, 07/29/30 |
380,272 | 379,975 | ||||||
Edelman Financial Center LLC |
335,143 | 332,273 | ||||||
|
|
|||||||
712,248 | ||||||||
|
|
|||||||
Entertainment0.1% | ||||||||
Ballys Corp. |
528,763 | 519,383 | ||||||
Scientific Games Holdings LP |
||||||||
USD Term Loan B, 8.768%, 3M TSFR + 3.500%, 04/04/29 |
269,439 | 268,222 | ||||||
|
|
|||||||
787,605 | ||||||||
|
|
|||||||
Home Furnishings0.1% | ||||||||
AI Aqua Merger Sub, Inc. |
||||||||
1st Lien Term Loan B, 9.084%, 1M TSFR + 3.750%, 07/31/28 |
403,457 | 399,927 | ||||||
|
|
BHFTI-122
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Floating Rate Loans (h)(Continued)
Security Description | Principal Amount* |
Value | ||||||
Insurance0.2% | ||||||||
Alliant Holdings Intermediate LLC |
265,958 | $ | 265,807 | |||||
AssuredPartners, Inc. |
335,786 | 335,636 | ||||||
Asurion LLC |
||||||||
Second Lien Term Loan B4, 10.681%, 1M TSFR + 5.250%, 01/20/29 |
544,707 | 482,577 | ||||||
Sedgwick Claims Management Services, Inc. |
224,180 | 223,935 | ||||||
|
|
|||||||
1,307,955 | ||||||||
|
|
|||||||
Machinery-Diversified0.1% | ||||||||
Vertical U.S. Newco, Inc. |
375,350 | 374,959 | ||||||
|
|
|||||||
Media0.2% | ||||||||
CSC Holdings LLC |
||||||||
2022 Term Loan B6, 9.832%, 1M TSFR + 4.500%, 01/18/28 |
353,997 | 335,855 | ||||||
Gray Television, Inc. |
294,750 | 287,749 | ||||||
McGraw-Hill Global Education Holdings LLC |
468,557 | 459,576 | ||||||
Radiate Holdco LLC |
293,273 | 240,759 | ||||||
Univision Communications, Inc. |
||||||||
First Lien Term Loan B, 8.681%, 1M TSFR + 3.250%, 03/15/26 |
416,420 | 416,127 | ||||||
|
|
|||||||
1,740,066 | ||||||||
|
|
|||||||
Metal Fabricate/Hardware0.0% | ||||||||
Tiger Acquisition LLC |
335,150 | 331,631 | ||||||
|
|
|||||||
Office/Business Equipment0.1% | ||||||||
Pitney Bowes, Inc. |
439,658 | 425,369 | ||||||
|
|
|||||||
Oil & Gas0.0% | ||||||||
QuarterNorth Energy Holding, Inc. |
||||||||
Exit 2nd Lien Term Loan, 13.431%, 1M TSFR + 8.000%, 08/27/26 |
360,484 | 359,808 | ||||||
|
|
|||||||
Pharmaceuticals0.2% | ||||||||
Gainwell Acquisition Corp. |
244,712 | 239,206 | ||||||
Jazz Financing Lux Sarl |
||||||||
USD Term Loan, 8.931%, 1M TSFR + 3.500%, 05/05/28 |
579,325 | 579,767 | ||||||
Organon & Co. |
||||||||
USD Term Loan, 8.442%, 1M TSFR + 3.000%, 06/02/28 |
344,355 | 344,441 | ||||||
|
|
|||||||
1,163,414 | ||||||||
|
|
|||||||
Retail0.1% | ||||||||
General Nutrition Centers, Inc. |
||||||||
2nd Lien Term Loan, 6.250%, 1M LIBOR + 6.000%, 10/07/26 |
194,089 | $ | 175,655 | |||||
Great Outdoors Group LLC |
213,337 | 213,204 | ||||||
Highline Aftermarket Acquisition LLC |
247,392 | 245,227 | ||||||
Michaels Cos., Inc. |
224,825 | 205,940 | ||||||
Staples, Inc. |
||||||||
7 Year Term Loan, 10.634%, 3M TSFR + 5.000%, 04/16/26 |
303,881 | 261,053 | ||||||
|
|
|||||||
1,101,079 | ||||||||
|
|
|||||||
Software0.2% | ||||||||
Ivanti Software, Inc. |
284,245 | 246,583 | ||||||
Navicure, Inc. |
250,900 | 251,488 | ||||||
Polaris Newco LLC |
||||||||
USD Term Loan B, 9.431%, 1M TSFR + 4.000%, 06/02/28 |
213,288 | 204,757 | ||||||
Quest Software U.S. Holdings, Inc. |
443,717 | 371,137 | ||||||
Rocket Software, Inc. |
265,938 | 266,033 | ||||||
|
|
|||||||
1,339,998 | ||||||||
|
|
|||||||
Telecommunications0.1% | ||||||||
Global Tel*Link Corp. |
||||||||
1st Lien Term Loan, 9.769%, 3M TSFR + 4.250%, 11/29/25 |
823,218 | 801,168 | ||||||
GoTo Group, Inc. |
296,581 | 198,616 | ||||||
|
|
|||||||
999,784 | ||||||||
|
|
|||||||
Transportation0.0% | ||||||||
Kenan Advantage Group, Inc. |
261,983 | 261,696 | ||||||
|
|
|||||||
Total Floating Rate Loans |
14,452,757 | |||||||
|
|
|||||||
Municipals1.6% |
| |||||||
City & County Honolulu Wastewater System Revenue |
710,000 | 692,476 | ||||||
Curators of the University of Missouri |
2,000,000 | 1,779,884 | ||||||
Golden State Tobacco Securitization Corp. |
1,980,000 | 1,795,967 | ||||||
Massachusetts State College Building Authority |
760,000 | 703,780 | ||||||
New York State Urban Development Corp. |
5,950,000 | 5,516,171 | ||||||
Texas State University System |
1,385,000 | 1,296,518 | ||||||
|
|
|||||||
Total Municipals |
11,784,796 | |||||||
|
|
BHFTI-123
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Foreign Government0.8%
Security Description | Shares/ Principal |
Value | ||||||
Electric0.1% | ||||||||
Korea Electric Power Corp. |
800,000 | $ | 795,952 | |||||
|
|
|||||||
Sovereign0.7% | ||||||||
Colombia Government International Bond |
1,910,000 | 1,935,084 | ||||||
Peru Government International Bond |
600,000 | 491,330 | ||||||
Philippines Government International Bond |
600,000 | 596,607 | ||||||
Romania Government International Bond |
2,300,000 | 2,292,866 | ||||||
|
|
|||||||
5,315,887 | ||||||||
|
|
|||||||
Total Foreign Government |
6,111,839 | |||||||
|
|
|||||||
Common Stocks0.2% |
| |||||||
Oil, Gas & Consumable Fuels0.2% | ||||||||
QuarterNorth Energy Fieldwood (j) |
10,939 | 1,433,018 | ||||||
|
|
|||||||
Retail0.0% | ||||||||
KSouth Africa Ltd. (f) (g) (j) |
8,217,950 | 0 | ||||||
KSouth Africa Ltd. - Class B (f) (g) (j) |
817,800 | 0 | ||||||
KSouth Africa Ltd./EdCon (f) (g) (j) |
40,457 | 0 | ||||||
|
|
|||||||
0 | ||||||||
|
|
|||||||
Total Common Stocks |
1,433,018 | |||||||
|
|
|||||||
Escrow Shares0.0% |
| |||||||
Oil & Gas0.0% | ||||||||
Sanchez Energy Corp. |
1,200,000 | 84,000 | ||||||
|
|
|||||||
Short-Term Investment2.4% |
| |||||||
Discount Note2.4% | ||||||||
Federal Home Loan Bank |
17,030,000 | 17,030,000 | ||||||
|
|
|||||||
Total Short-Term Investments |
17,030,000 | |||||||
|
|
|||||||
Securities Lending Reinvestments (l)12.6% |
| |||||||
Certificates of Deposit2.3% | ||||||||
Bank of America N.A. |
2,000,000 | 2,000,270 | ||||||
Bank of Montreal |
1,000,000 | 1,000,643 | ||||||
Barclays Bank PLC |
1,000,000 | 1,000,072 | ||||||
Certificates of Deposit(Continued) | ||||||||
BNP Paribas SA |
2,000,000 | 1,999,904 | ||||||
Canadian Imperial Bank of Commerce (NY) |
2,000,000 | 2,000,196 | ||||||
Citibank N.A. |
2,000,000 | 2,000,150 | ||||||
Mitsubishi UFJ Trust & Banking Corp. |
||||||||
Zero Coupon, 10/20/23 |
500,000 | 498,450 | ||||||
Mizuho Bank Ltd. |
2,000,000 | 2,000,098 | ||||||
Oversea-Chinese Banking Corp. Ltd. |
1,000,000 | 1,000,146 | ||||||
Sumitomo Mitsui Trust Bank Ltd. |
1,000,000 | 1,000,053 | ||||||
Toronto-Dominion Bank |
1,000,000 | 1,000,580 | ||||||
5.780%, FEDEFF PRV + 0.450%, 10/13/23 (a) |
1,000,000 | 1,000,095 | ||||||
|
|
|||||||
16,500,657 | ||||||||
|
|
|||||||
Commercial Paper0.6% | ||||||||
National Australia Bank Ltd. |
1,000,000 | 1,000,220 | ||||||
Skandinaviska Enskilda Banken AB |
2,000,000 | 2,000,540 | ||||||
UBS AG |
1,000,000 | 1,000,000 | ||||||
|
|
|||||||
4,000,760 | ||||||||
|
|
|||||||
Repurchase Agreements5.5% | ||||||||
Citigroup Global Markets, Inc. | ||||||||
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $1,601,702; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $1,632,039. |
1,600,000 | 1,600,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $4,021,856; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $4,080,292. |
4,000,000 | 4,000,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $2,060,331; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $2,125,943. |
2,000,000 | 2,000,000 | ||||||
ING Financial Markets LLC |
16,548,563 | 16,548,563 |
BHFTI-124
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (l)(Continued)
Security Description | Shares/ Principal |
Value | ||||||
Repurchase Agreements(Continued) | ||||||||
National Bank Financial, Inc. |
1,500,000 | $ | 1,500,000 | |||||
National Bank of Canada |
||||||||
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $3,403,517; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $3,484,251. |
3,400,000 | 3,400,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $6,006,358; collateralized by various Common Stock with an aggregate market value of $6,695,924. |
6,000,000 | 6,000,000 | ||||||
NBC Global Finance Ltd. |
2,000,000 | 2,000,000 | ||||||
Royal Bank of Canada Toronto |
2,000,000 | 2,000,000 | ||||||
Societe Generale |
300,000 | 300,000 | ||||||
TD Prime Services LLC |
500,000 | 500,000 | ||||||
|
|
|||||||
39,848,563 | ||||||||
|
|
|||||||
Mutual Funds4.2% | ||||||||
Allspring Government Money Market Fund, Select Class 5.270% (m) |
1,000,000 | 1,000,000 | ||||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class |
2,000,000 | 2,000,000 | ||||||
Fidelity Investments Money Market Government Portfolio, Class I |
2,000,000 | 2,000,000 | ||||||
Goldman Sachs Financial Square Government Fund, Institutional Shares |
5,000,000 | 5,000,000 | ||||||
HSBC U.S. Government Money Market Fund, Class I |
1,000,000 | 1,000,000 | ||||||
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares |
3,000,000 | 3,000,000 | ||||||
Mutual Funds(Continued) | ||||||||
RBC U.S. Government Money Market Fund, Institutional Shares 5.270% (m) |
1,000,000 | 1,000,000 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class |
10,000,000 | 10,000,000 | ||||||
STIT-Government & Agency Portfolio, Institutional Class 5.260% (m) |
5,000,000 | 5,000,000 | ||||||
|
|
|||||||
30,000,000 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
90,349,980 | |||||||
|
|
|||||||
Total Investments111.2% |
802,947,872 | |||||||
Other assets and liabilities (net)(11.2)% |
(80,783,759 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 722,164,113 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2023, the market value of restricted securities was $0, which is 0.0% of net assets. See details shown in the Restricted Securities table that follows. | |||
(a) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
(b) | Principal amount of security is adjusted for inflation. | |||
(c) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $127,522,016 and the collateral received consisted of cash in the amount of $90,341,447 and non-cash collateral with a value of $41,556,759. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
(d) | All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of September 30, 2023, the market value of securities pledged was $2,373,926. | |||
(e) | Non-income producing; security is in default and/or issuer is in bankruptcy. | |||
(f) | Security was valued in good faith under procedures subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent less than 0.05% of net assets. | |||
(g) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |||
(h) | Floating rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with |
BHFTI-125
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will generally have an expected average life of approximately two to four years. Senior Loans typically have rates of interest which are determined periodically by reference to a base lending rate, plus a spread. These base rates are primarily the London Interbank Offered Rate and secondarily, the prime rate offered by one or more major United States banks. Base lending rates may be subject to a floor, or a minimum rate. | ||||
(i) | Payment-in-kind security for which part of the income earned may be paid as additional principal. | |||
(j) | Non-income producing security. | |||
(k) | The rate shown represents current yield to maturity. | |||
(l) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(m) | The rate shown represents the annualized seven-day yield as of September 30, 2023. | |||
(144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $132,951,038, which is 18.4% of net assets. |
Restricted Securities |
Acquisition Date |
Principal Amount |
Cost | Value | ||||||||||||
KSouth Africa Ltd., 25.000%, 12/31/22 |
12/22/16-12/31/18 | $ | 313,720 | $ | 313,720 | $ | 0 | |||||||||
KSouth Africa Ltd., 3.000%, 12/31/22 |
04/15/13-12/31/18 | 712,186 | 1,372,248 | 0 | ||||||||||||
|
|
|||||||||||||||
$ | 0 | |||||||||||||||
|
|
Forward Foreign Currency Exchange Contracts
Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
EUR | 778,200 | JPMC |
02/26/24 | USD | 849,229 | $ | (20,650 | ) | ||||||||||||||
EUR | 13,498,000 | JPMC |
02/26/24 | USD | 14,283,854 | 87,977 | ||||||||||||||||
Contracts to Deliver |
||||||||||||||||||||||
EUR | 14,295,000 | JPMC |
02/26/24 | USD | 15,651,839 | 431,412 | ||||||||||||||||
|
|
|||||||||||||||||||||
Net Unrealized Appreciation |
|
$ | 498,739 | |||||||||||||||||||
|
|
Securities in the amount of $515,441 have been received at the custodian bank and held as collateral for forward foreign currency exchange contracts.
Futures Contracts
Futures ContractsLong |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
U.S. Treasury Note 2 Year Futures |
12/29/23 | 851 | USD | 172,507,008 | $ | (403,388 | ) | |||||||||||||
Futures ContractsShort |
||||||||||||||||||||
U.S. Treasury Note 10 Year Futures |
12/19/23 | (189 | ) | USD | (20,423,813 | ) | 379,209 | |||||||||||||
U.S. Treasury Note 5 Year Futures |
12/29/23 | (407 | ) | USD | (42,881,266 | ) | 230,712 | |||||||||||||
|
|
|||||||||||||||||||
Net Unrealized Appreciation |
|
$ | 206,533 | |||||||||||||||||
|
|
Swap Agreements
Centrally Cleared Credit Default Swaps on Credit IndicesBuy Protection (a)
Reference Obligation |
Fixed Deal (Pay) Rate |
Payment Frequency |
Maturity Date |
Implied Credit Spread at September 30, 2023(b) |
Notional Amount(c) |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||
CDX.EM.38 |
(1.000 | %) | Quarterly | 12/20/27 | 2.070% | USD | 2,105,000 | $ | 82,259 | $ | 141,874 | $ | (59,615 | ) | ||||||||||||||||||||
|
|
|
|
|
|
Centrally Cleared Credit Default Swaps on Credit IndicesSell Protection (d)
Reference Obligation |
Fixed Deal Receive Rate |
Payment Frequency |
Maturity Date |
Implied Credit Spread at September 30, 2023(b) |
Notional Amount(c) |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||
CDX.NA.HY.40 |
5.000 | % | Quarterly | 06/20/28 | 4.323% | USD | 1,940,000 | $ | 30,407 | $ | 30,822 | $ | (415 | ) | ||||||||||||||||||||
|
|
|
|
|
|
BHFTI-126
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
OTC Credit Default Swaps on Corporate IssuesSell Protection (d)
Reference Obligation |
Fixed Deal Receive Rate |
Payment Frequency |
Maturity Date |
Counterparty | Implied Credit Spread at September 30, 2023(b) |
Notional Amount(c) |
Market Value |
Upfront Premium Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||||||
Carnival Corp. |
1.000 | % | Quarterly | 06/20/27 | CBNA | 4.425 | % | USD | 1,985,000 | $ | (256,867 | ) | $ | (268,151 | ) | $ | 11,284 | |||||||||||||||||||||
|
|
|
|
|
|
OTC Credit Default Swaps on Credit IndicesSell Protection (d)
Reference Obligation |
Fixed Deal Receive Rate |
Payment Frequency |
Maturity Date |
Counterparty | Implied Credit Spread at September 30, 2023 (b) |
Notional Amount (c) |
Market Value |
Upfront Premium Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||||||
Bespoke Kenai 0-5% CDX Tranche (e) |
0.000 | % | Quarterly | 12/20/23 | CBNA | 194.496 | % | USD | 1,666,875 | $ | (271,222 | ) | $ | (55,903 | ) | $ | (215,319 | ) | ||||||||||||||||||||
Bespoke Rotorua 0-5% CDX Tranche (e) |
0.000 | % | Quarterly | 12/20/23 | CBNA | 189.193 | % | USD | 2,228,454 | (440,317 | ) | (75,685 | ) | (364,632 | ) | |||||||||||||||||||||||
Bespoke Rotorua 5-10% CDX Tranche (e) |
3.600 | % | Quarterly | 12/20/23 | CBNA | 2.854 | % | USD | 1,800,000 | 4,073 | | 4,073 | ||||||||||||||||||||||||||
CDX.NA.HY.31 |
5.000 | % | Quarterly | 12/20/23 | CBNA | 3.605 | % | USD | 4,500,000 | (5,357 | ) | (36,849 | ) | 31,492 | ||||||||||||||||||||||||
CDX.NA.HY.31 |
5.000 | % | Quarterly | 12/20/23 | CBNA | 3.605 | % | USD | 8,100,000 | (9,643 | ) | (47,911 | ) | 38,268 | ||||||||||||||||||||||||
CDX.NA.HY.33 |
5.000 | % | Quarterly | 12/20/24 | CBNA | 2.839 | % | USD | 5,700,000 | 118,603 | (127,897 | ) | 246,500 | |||||||||||||||||||||||||
CDX.NA.IG.31 |
1.000 | % | Quarterly | 12/20/23 | CBNA | 0.123 | % | USD | 1,800,000 | 3,511 | (11,435 | ) | 14,946 | |||||||||||||||||||||||||
CDX.NA.IG.31 |
1.000 | % | Quarterly | 12/20/23 | CBNA | 0.123 | % | USD | 400,000 | 780 | (2,730 | ) | 3,510 | |||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||
Totals |
|
$ | (599,572 | ) | $ | (358,410 | ) | $ | (241,162 | ) | ||||||||||||||||||||||||||||
|
|
|
|
|
|
(a) | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | |||
(b) | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or indices as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entitys credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as Defaulted indicates a credit event has occurred for the referenced entity or obligation. | |||
(c) | The maximum potential amount of future undiscounted payments that the Portfolio could be required to make under a credit default swap contract would be the notional amount of the contract. These potential amounts would be partially offset by any recovery values of the referenced debt obligation or net amounts received from the settlement of purchased protection credit default swap contracts entered into by the Portfolio for the same referenced debt obligation. | |||
(d) | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | |||
(e) | Represents a custom index comprised of a basket of underlying issues. |
Glossary of Abbreviations
Counterparties
(CBNA) | Citibank N.A. | |||
(JPMC) | JPMorgan Chase Bank N.A. |
Currencies
(EUR) | Euro | |||
(USD) | United States Dollar |
Index Abbreviations
(CDX.EM) | Markit Emerging Market CDS Index | |||
(CDX.NA.HY) | Markit North America High Yield CDS Index | |||
(CDX.NA.IG) | Markit North America Investment Grade CDS Index | |||
(FEDEFF PRV) | Effective Federal Funds Rate | |||
(H15) | U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index | |||
(LIBOR) | London Interbank Offered Rate | |||
(RFUCCT) | Refinitiv USD IBOR Consumer Cash Fallbacks Term | |||
(SOFR) | Secured Overnight Financing Rate | |||
(SOFR30A) | Secured Overnight Financing Rate 30-Day Average | |||
(TSFR) | Term Secured Overnight Financing Rate |
Other Abbreviations
(CLO) | Collateralized Loan Obligation | |||
(DAC) | Designated Activity Company | |||
(REMIC) | Real Estate Mortgage Investment Conduit | |||
(STACR) | Structured Agency Credit Risk |
BHFTI-127
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Total U.S. Treasury & Government Agencies* |
$ | | $ | 319,200,067 | $ | | $ | 319,200,067 | ||||||||
Corporate Bonds & Notes |
| |||||||||||||||
Aerospace/Defense |
| 8,390,788 | | 8,390,788 | ||||||||||||
Agriculture |
| 4,897,080 | | 4,897,080 | ||||||||||||
Airlines |
| 4,874,325 | | 4,874,325 | ||||||||||||
Auto Manufacturers |
| 2,081,858 | | 2,081,858 | ||||||||||||
Banks |
| 85,907,103 | | 85,907,103 | ||||||||||||
Beverages |
| 4,198,028 | | 4,198,028 | ||||||||||||
Biotechnology |
| 3,730,782 | | 3,730,782 | ||||||||||||
Commercial Services |
| 572,700 | | 572,700 | ||||||||||||
Computers |
| 1,698,620 | | 1,698,620 | ||||||||||||
Cosmetics/Personal Care |
| 6,338,903 | | 6,338,903 | ||||||||||||
Diversified Financial Services |
| 4,107,370 | | 4,107,370 | ||||||||||||
Electric |
| 21,122,951 | | 21,122,951 | ||||||||||||
Electronics |
| 1,235,800 | | 1,235,800 | ||||||||||||
Entertainment |
| 297,753 | | 297,753 | ||||||||||||
Food |
| 871,588 | | 871,588 | ||||||||||||
Healthcare-Products |
| 4,539,712 | | 4,539,712 | ||||||||||||
Healthcare-Services |
| 5,456,062 | | 5,456,062 | ||||||||||||
Insurance |
| 15,656,802 | | 15,656,802 | ||||||||||||
Internet |
| 5,703,277 | | 5,703,277 | ||||||||||||
Lodging |
| 1,992,729 | | 1,992,729 | ||||||||||||
Media |
| 11,231,046 | | 11,231,046 | ||||||||||||
Miscellaneous Manufacturing |
| 1,575,220 | | 1,575,220 | ||||||||||||
Multi-National |
| 1,151,886 | | 1,151,886 | ||||||||||||
Oil & Gas |
| 13,930,776 | | 13,930,776 | ||||||||||||
Pharmaceuticals |
| 13,068,786 | | 13,068,786 | ||||||||||||
Pipelines |
| 10,717,588 | | 10,717,588 | ||||||||||||
Real Estate Investment Trusts |
| 3,593,378 | | 3,593,378 | ||||||||||||
Retail |
| 312,101 | 0 | 312,101 | ||||||||||||
Semiconductors |
| 3,054,888 | | 3,054,888 | ||||||||||||
Software |
| 887,449 | | 887,449 | ||||||||||||
Telecommunications |
| 10,481,389 | | 10,481,389 | ||||||||||||
Trucking & Leasing |
| 574,581 | | 574,581 | ||||||||||||
Total Corporate Bonds & Notes |
| 254,253,319 | 0 | 254,253,319 | ||||||||||||
Total Asset-Backed Securities* |
| 53,783,365 | | 53,783,365 | ||||||||||||
Total Mortgage-Backed Securities* |
| 34,464,731 | | 34,464,731 | ||||||||||||
Total Floating Rate Loans* |
| 14,452,757 | | 14,452,757 | ||||||||||||
Total Municipals* |
| 11,784,796 | | 11,784,796 | ||||||||||||
Total Foreign Government* |
| 6,111,839 | | 6,111,839 |
BHFTI-128
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy(Continued)
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
| |||||||||||||||
Oil, Gas & Consumable Fuels |
$ | | $ | 1,433,018 | $ | | $ | 1,433,018 | ||||||||
Retail |
| | 0 | 0 | ||||||||||||
Total Common Stocks |
| 1,433,018 | 0 | 1,433,018 | ||||||||||||
Total Escrow Shares* |
| 84,000 | | 84,000 | ||||||||||||
Total Short-Term Investment* |
| 17,030,000 | | 17,030,000 | ||||||||||||
Securities Lending Reinvestments |
| |||||||||||||||
Certificates of Deposit |
| 16,500,657 | | 16,500,657 | ||||||||||||
Commercial Paper |
| 4,000,760 | | 4,000,760 | ||||||||||||
Repurchase Agreements |
| 39,848,563 | | 39,848,563 | ||||||||||||
Mutual Funds |
30,000,000 | | | 30,000,000 | ||||||||||||
Total Securities Lending Reinvestments |
30,000,000 | 60,349,980 | | 90,349,980 | ||||||||||||
Total Investments |
$ | 30,000,000 | $ | 772,947,872 | $ | 0 | $ | 802,947,872 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (90,341,447 | ) | $ | | $ | (90,341,447 | ) | ||||||
Forward Contracts |
| |||||||||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | | $ | 519,389 | $ | | $ | 519,389 | ||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
| (20,650 | ) | | (20,650 | ) | ||||||||||
Total Forward Contracts |
$ | | $ | 498,739 | $ | | $ | 498,739 | ||||||||
Futures Contracts |
| |||||||||||||||
Futures Contracts (Unrealized Appreciation) |
$ | 609,921 | $ | | $ | | $ | 609,921 | ||||||||
Futures Contracts (Unrealized Depreciation) |
(403,388 | ) | | | (403,388 | ) | ||||||||||
Total Futures Contracts |
$ | 206,533 | $ | | $ | | $ | 206,533 | ||||||||
Centrally Cleared Swap Contracts |
| |||||||||||||||
Centrally Cleared Swap Contracts (Unrealized Depreciation) |
$ | | $ | (60,030 | ) | $ | | $ | (60,030 | ) | ||||||
OTC Swap Contracts |
| |||||||||||||||
OTC Swap Contracts at Value (Assets) |
$ | | $ | 126,967 | $ | | $ | 126,967 | ||||||||
OTC Swap Contracts at Value (Liabilities) |
| (983,406 | ) | | (983,406 | ) | ||||||||||
Total OTC Swap Contracts |
$ | | $ | (856,439 | ) | $ | | $ | (856,439 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2023 is not presented.
BHFTI-129
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Templeton International Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Foreign Government83.9% of Net Assets
Security Description | Principal Amount* |
Value | ||||||
Australia8.9% | ||||||||
New South Wales Treasury Corp. | ||||||||
1.750%, 03/20/34 (AUD) |
6,419,000 | $ | 3,002,852 | |||||
2.000%, 03/08/33 (AUD) |
27,953,000 | 13,899,168 | ||||||
Queensland Treasury Corp. | ||||||||
1.750%, 07/20/34 (144A) (AUD) |
15,808,000 | 7,350,053 | ||||||
2.000%, 08/22/33 (AUD) |
17,830,000 | 8,791,472 | ||||||
Treasury Corp. of Victoria | ||||||||
2.250%, 09/15/33 (AUD) |
20,302,000 | 10,146,276 | ||||||
2.250%, 11/20/34 (AUD) |
10,817,000 | 5,209,231 | ||||||
|
|
|||||||
48,399,052 | ||||||||
|
|
|||||||
Brazil6.5% | ||||||||
Brazil Notas do Tesouro Nacional | ||||||||
10.000%, 01/01/27 (BRL) |
91,060,000 | 17,698,024 | ||||||
10.000%, 01/01/29 (BRL) |
43,635,000 | 8,460,956 | ||||||
10.000%, 01/01/31 (BRL) |
35,111,000 | 6,497,348 | ||||||
10.000%, 01/01/33 (BRL) |
14,645,000 | 2,657,955 | ||||||
|
|
|||||||
35,314,283 | ||||||||
|
|
|||||||
Colombia5.9% | ||||||||
Colombia TES | ||||||||
6.000%, 04/28/28 (COP) |
6,119,000,000 | 1,236,919 | ||||||
6.250%, 07/09/36 (COP) |
4,082,000,000 | 642,019 | ||||||
7.000%, 03/26/31 (COP) |
9,039,100,000 | 1,735,612 | ||||||
7.000%, 06/30/32 (COP) |
19,600,000,000 | 3,620,346 | ||||||
7.250%, 10/18/34 (COP) |
11,954,000,000 | 2,130,246 | ||||||
7.500%, 08/26/26 (COP) |
8,103,100,000 | 1,826,721 | ||||||
7.750%, 09/18/30 (COP) |
54,694,100,000 | 11,189,186 | ||||||
9.250%, 05/28/42 (COP) |
18,685,000,000 | 3,640,215 | ||||||
13.250%, 02/09/33 (COP) |
22,995,000,000 | 6,088,278 | ||||||
|
|
|||||||
32,109,542 | ||||||||
|
|
|||||||
Germany4.7% | ||||||||
Bundesobligation | ||||||||
Zero Coupon, 10/18/24 (EUR) |
3,560,000 | 3,629,518 | ||||||
Bundesrepublik Deutschland Bundesanleihe | ||||||||
6.250%, 01/04/24 (EUR) |
3,491,000 | 3,714,607 | ||||||
Bundesschatzanweisungen | ||||||||
0.400%, 09/13/24 (EUR) |
7,724,000 | 7,925,542 | ||||||
German Treasury Bills | ||||||||
2.525%, 10/18/23 (EUR) (a) |
8,309,000 | 8,770,460 | ||||||
3.756%, 03/20/24 (EUR) (a) |
1,594,000 | 1,656,236 | ||||||
|
|
|||||||
25,696,363 | ||||||||
|
|
|||||||
Ghana0.4% | ||||||||
Republic of Ghana Government Bonds | ||||||||
8.350%, 3.350% PIK, 02/16/27 (GHS) (b) |
6,955,604 | 337,492 | ||||||
8.500%, 3.500% PIK, 02/15/28 (GHS) (b) |
6,960,734 | 291,441 | ||||||
8.650%, 3.650% PIK, 02/13/29 (GHS) (b) |
6,640,373 | 243,780 | ||||||
8.800%, 3.800% PIK, 02/12/30 (GHS) (b) |
6,645,264 | 217,648 | ||||||
8.950%, 3.950% PIK, 02/11/31 (GHS) (b) |
6,418,318 | 195,408 | ||||||
9.100%, 4.100% PIK, 02/10/32 (GHS) (b) |
6,423,039 | 185,035 | ||||||
9.250%, 4.250% PIK, 02/08/33 (GHS) (b) |
6,427,759 | 177,867 | ||||||
9.400%, 4.400% PIK, 02/07/34 (GHS) (b) |
1,858,798 | 50,021 | ||||||
Ghana (Continued) | ||||||||
Republic of Ghana Government Bonds | ||||||||
9.550%, 4.550% PIK, 02/06/35 (GHS) (b) |
1,860,162 | $ | 49,165 | |||||
9.700%, 4.700% PIK, 02/05/36 (GHS) (b) |
1,861,526 | 48,699 | ||||||
9.850%, 4.850% PIK, 02/03/37 (GHS) (b) |
1,862,890 | 48,527 | ||||||
10.000%, 5.000% PIK, 02/02/38 (GHS) (b) |
1,864,254 | 48,574 | ||||||
|
|
|||||||
1,893,657 | ||||||||
|
|
|||||||
India4.7% | ||||||||
India Government Bonds | ||||||||
6.790%, 05/15/27 (INR) |
1,349,610,000 | 15,987,542 | ||||||
7.100%, 04/18/29 (INR) |
131,600,000 | 1,570,751 | ||||||
7.260%, 08/22/32 (INR) |
658,300,000 | 7,897,658 | ||||||
|
|
|||||||
25,455,951 | ||||||||
|
|
|||||||
Indonesia8.7% | ||||||||
Indonesia Treasury Bonds | ||||||||
6.125%, 05/15/28 (IDR) |
10,805,000,000 | 688,863 | ||||||
6.375%, 08/15/28 (IDR) |
10,805,000,000 | 694,135 | ||||||
6.375%, 04/15/32 (IDR) |
26,515,000,000 | 1,672,118 | ||||||
6.500%, 02/15/31 (IDR) |
9,445,000,000 | 599,181 | ||||||
7.000%, 09/15/30 (IDR) |
29,766,000,000 | 1,947,858 | ||||||
7.000%, 02/15/33 (IDR) |
575,334,000,000 | 37,448,641 | ||||||
8.375%, 03/15/34 (IDR) |
56,926,000,000 | 4,101,434 | ||||||
|
|
|||||||
47,152,230 | ||||||||
|
|
|||||||
Japan4.5% | ||||||||
Japan Treasury Bills | ||||||||
Zero Coupon, 11/10/23 (JPY) (a) |
695,200,000 | 4,653,048 | ||||||
Zero Coupon, 12/20/23 (JPY) (a) |
314,000,000 | 2,102,015 | ||||||
Zero Coupon, 02/20/24 (JPY) (a) |
2,642,300,000 | 17,691,992 | ||||||
|
|
|||||||
24,447,055 | ||||||||
|
|
|||||||
Malaysia7.8% | ||||||||
Malaysia Government Bonds | ||||||||
3.478%, 06/14/24 (MYR) |
8,500,000 | 1,813,100 | ||||||
3.502%, 05/31/27 (MYR) |
3,400,000 | 718,411 | ||||||
3.582%, 07/15/32 (MYR) |
18,020,000 | 3,710,793 | ||||||
3.733%, 06/15/28 (MYR) |
7,220,000 | 1,533,798 | ||||||
3.882%, 03/14/25 (MYR) |
24,840,000 | 5,327,592 | ||||||
3.899%, 11/16/27 (MYR) |
81,570,000 | 17,505,150 | ||||||
3.900%, 11/30/26 (MYR) |
10,200,000 | 2,189,132 | ||||||
3.955%, 09/15/25 (MYR) |
3,200,000 | 686,688 | ||||||
4.059%, 09/30/24 (MYR) |
16,230,000 | 3,476,012 | ||||||
4.181%, 07/15/24 (MYR) |
14,360,000 | 3,075,052 | ||||||
4.498%, 04/15/30 (MYR) |
10,830,000 | 2,386,809 | ||||||
|
|
|||||||
42,422,537 | ||||||||
|
|
|||||||
Mexico9.5% | ||||||||
Mexico Bonos | ||||||||
7.500%, 05/26/33 (MXN) |
266,740,000 | 12,998,056 | ||||||
7.750%, 05/29/31 (MXN) |
550,280,000 | 27,797,389 | ||||||
7.750%, 11/23/34 (MXN) |
55,470,000 | 2,711,927 | ||||||
7.750%, 11/13/42 (MXN) |
70,400,000 | 3,252,720 | ||||||
8.500%, 05/31/29 (MXN) |
41,400,000 | 2,220,622 |
BHFTI-130
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Templeton International Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Foreign Government(Continued)
Security Description | Principal Amount* |
Value | ||||||
Mexico (Continued) | ||||||||
Mexico Bonos | ||||||||
8.500%, 11/18/38 (MXN) |
32,710,000 | $ | 1,653,697 | |||||
10.000%, 11/20/36 (MXN) |
17,840,000 | 1,027,508 | ||||||
|
|
|||||||
51,661,919 | ||||||||
|
|
|||||||
Norway4.2% | ||||||||
Norway Government Bonds | ||||||||
1.500%, 02/19/26 (144A) (NOK) |
20,165,000 | 1,772,965 | ||||||
1.750%, 03/13/25 (144A) (NOK) |
33,998,000 | 3,067,543 | ||||||
3.000%, 03/14/24 (144A) (NOK) |
196,347,000 | 18,243,118 | ||||||
|
|
|||||||
23,083,626 | ||||||||
|
|
|||||||
Panama2.0% | ||||||||
Panama Government International Bonds | ||||||||
2.252%, 09/29/32 |
1,050,000 | 758,897 | ||||||
6.400%, 02/14/35 |
10,330,000 | 9,999,766 | ||||||
|
|
|||||||
10,758,663 | ||||||||
|
|
|||||||
Singapore4.7% | ||||||||
Singapore Government Bonds | ||||||||
2.625%, 08/01/32 (SGD) |
19,920,000 | 13,726,876 | ||||||
2.875%, 09/01/30 (SGD) |
3,770,000 | 2,666,855 | ||||||
3.375%, 09/01/33 (SGD) |
12,460,000 | 9,080,396 | ||||||
|
|
|||||||
25,474,127 | ||||||||
|
|
|||||||
South Korea8.1% | ||||||||
Korea Treasury Bonds | ||||||||
2.375%, 03/10/27 (KRW) |
11,114,000,000 | 7,833,887 | ||||||
3.125%, 09/10/27 (KRW) |
50,373,000,000 | 36,263,114 | ||||||
|
|
|||||||
44,097,001 | ||||||||
|
|
|||||||
Thailand3.3% | ||||||||
Bank of Thailand Bond | ||||||||
0.660%, 11/22/23 (THB) |
113,580,000 | 3,111,678 | ||||||
Thailand Government Bonds | ||||||||
0.750%, 09/17/24 (THB) |
319,810,000 | 8,640,613 | ||||||
1.000%, 06/17/27 (THB) |
244,740,000 | 6,314,308 | ||||||
|
|
|||||||
18,066,599 | ||||||||
|
|
|||||||
Total Foreign Government |
456,032,605 | |||||||
|
|
|||||||
U.S. Treasury & Government Agencies8.0% |
| |||||||
U.S. Treasury8.0% | ||||||||
U.S. Treasury Notes 1.750%, 12/31/24 |
45,091,000 | 43,142,928 | ||||||
|
|
|||||||
Short-Term Investment7.0% |
| |||||||
Security Description | Principal Amount* |
Value | ||||||
Repurchase Agreement7.0% | ||||||||
Fixed Income Clearing Corp. |
38,175,911 | $ | 38,175,911 | |||||
|
|
|||||||
Total Short-Term Investments |
38,175,911 | |||||||
|
|
|||||||
Total Purchased Options0.0% (c) |
127,917 | |||||||
Total Investments98.9% |
537,479,361 | |||||||
Other assets and liabilities (net)1.1% |
5,984,248 | |||||||
|
|
|||||||
Net Assets100.0% | $ | 543,463,609 | ||||||
|
|
* | Principal and notional amounts stated in U.S. dollars unless otherwise noted. | |||
(a) | The rate shown represents current yield to maturity. | |||
(b) | Payment-in-kind security for which part of the income earned may be paid as additional principal. | |||
(c) | For a breakout of open positions, see details shown in the Purchased Options table that follows. | |||
(144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $30,433,679, which is 5.6% of net assets. |
BHFTI-131
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Templeton International Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Forward Foreign Currency Exchange Contracts
Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
AUD | 4,390,000 | CBNA |
11/08/23 | USD | 2,944,241 | $ | (118,321 | ) | ||||||||||||||
AUD | 4,390,000 | DBAG |
11/08/23 | USD | 2,943,363 | (117,443 | ) | |||||||||||||||
AUD | 8,821,000 | DBAG |
11/22/23 | USD | 5,867,959 | (187,084 | ) | |||||||||||||||
AUD | 8,269,000 | JPMC |
11/22/23 | USD | 5,500,952 | (175,575 | ) | |||||||||||||||
CLP | 1,631,447,676 | JPMC |
10/16/23 | USD | 1,988,722 | (154,336 | ) | |||||||||||||||
INR | 102,619,900 | HSBC |
10/05/23 | USD | 1,246,900 | (11,183 | ) | |||||||||||||||
INR | 113,234,200 | JPMC |
10/10/23 | USD | 1,375,687 | (12,449 | ) | |||||||||||||||
INR | 768,000,000 | HSBC |
12/20/23 | USD | 9,251,897 | (35,881 | ) | |||||||||||||||
INR | 314,834,500 | JPMC |
12/20/23 | USD | 3,776,534 | 1,487 | ||||||||||||||||
INR | 102,619,900 | HSBC |
01/08/24 | USD | 1,229,835 | 507 | ||||||||||||||||
INR | 251,201,100 | CBNA |
03/20/24 | USD | 3,004,439 | (3,315 | ) | |||||||||||||||
JPY | 787,664,730 | JPMC |
11/21/23 | USD | 5,468,546 | (156,376 | ) | |||||||||||||||
JPY | 2,667,975,460 | BOA |
12/14/23 | USD | 18,456,792 | (393,064 | ) | |||||||||||||||
JPY | 3,472,722,990 | DBAG |
12/14/23 | USD | 24,040,188 | (527,857 | ) | |||||||||||||||
JPY | 2,505,000,000 | GSBU |
12/15/23 | USD | 18,428,603 | (1,465,220 | ) | |||||||||||||||
JPY | 5,514,310,940 | BNP |
12/20/23 | USD | 37,867,241 | (491,302 | ) | |||||||||||||||
JPY | 785,700,000 | MSCS |
12/20/23 | USD | 5,395,884 | (70,418 | ) | |||||||||||||||
JPY | 1,508,625,880 | BOA |
03/21/24 | USD | 10,574,975 | (193,123 | ) | |||||||||||||||
KRW | 3,637,500,000 | DBAG |
12/20/23 | USD | 2,755,932 | (48,098 | ) | |||||||||||||||
KRW | 45,700,000 | HSBC |
12/20/23 | USD | 34,603 | (583 | ) | |||||||||||||||
KRW | 14,900,000,000 | HSBC |
03/20/24 | USD | 11,248,679 | (92,809 | ) | |||||||||||||||
NZD | 4,480,000 | BOA |
03/20/24 | USD | 2,656,416 | 28,285 | ||||||||||||||||
NZD | 5,280,000 | CBNA |
03/20/24 | USD | 3,132,033 | 32,079 | ||||||||||||||||
NZD | 20,030,000 | JPMC |
03/20/24 | USD | 11,854,555 | 148,695 | ||||||||||||||||
Contracts to Deliver |
||||||||||||||||||||||
CLP | 1,631,447,676 | JPMC |
10/16/23 | USD | 1,993,474 | 159,089 | ||||||||||||||||
INR | 102,619,900 | HSBC |
10/05/23 | USD | 1,235,194 | (523 | ) | |||||||||||||||
MXN | 229,278,920 | BBP |
02/06/24 | USD | 13,000,000 | 121,810 | ||||||||||||||||
|
|
|||||||||||||||||||||
Net Unrealized Depreciation |
|
$ | (3,763,008 | ) | ||||||||||||||||||
|
|
Purchased Options
Foreign Currency Options |
Strike Price |
Counterparty | Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Paid |
Market Value |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||||||||
MXN Call / USD Put |
MXN | 16.039 | BBP | 02/01/24 | 15,250,000 | USD | 15,250,000 | $ | 73,657 | $ | 17,629 | $ | (56,028 | ) | ||||||||||||||||||||||||||
USD Call / MXN Put |
MXN | 18.396 | BBP | 11/01/23 | 30,500,000 | USD | 30,500,000 | 121,085 | 110,288 | (10,797 | ) | |||||||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||
Totals |
|
$ | 194,742 | $ | 127,917 | $ | (66,825 | ) | ||||||||||||||||||||||||||||||||
|
|
|
|
|
|
Written Options
Foreign Currency Options |
Strike Price |
Counterparty | Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Received |
Market Value |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||||||||
MXN Call / USD Put |
MXN | 16.758 | BBP | 02/01/24 | (30,500,000 | ) | USD | (30,500,000 | ) | $ | (477,020 | ) | $ | (172,203 | ) | $ | 304,817 | |||||||||||||||||||||||
|
|
|
|
|
|
BHFTI-132
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Templeton International Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Glossary of Abbreviations
Counterparties
(BBP) | Barclays Bank PLC | |||
(BNP) | BNP Paribas S.A. | |||
(BOA) | Bank of America N.A. | |||
(CBNA) | Citibank N.A. | |||
(DBAG) | Deutsche Bank AG | |||
(GSBU) | Goldman Sachs Bank USA | |||
(HSBC) | HSBC Bank PLC | |||
(JPMC) | JPMorgan Chase Bank N.A. | |||
(MSCS) | Morgan Stanley Capital Services LLC |
Currencies
(AUD) | Australian Dollar | |||
(BRL) | Brazilian Real | |||
(CLP) | Chilean Peso | |||
(COP) | Colombian Peso | |||
(EUR) | Euro | |||
(GHS) | Ghana Cedi | |||
(IDR) | Indonesian Rupiah | |||
(INR) | Indian Rupee | |||
(JPY) | Japanese Yen | |||
(KRW) | South Korean Won | |||
(MXN) | Mexican Peso | |||
(MYR) | Malaysian Ringgit | |||
(NOK) | Norwegian Krone | |||
(NZD) | New Zealand Dollar | |||
(SGD) | Singapore Dollar | |||
(THB) | Thai Baht | |||
(USD) | United States Dollar |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Total Foreign Government* |
$ | | $ | 456,032,605 | $ | | $ | 456,032,605 | ||||||||
Total U.S. Treasury & Government Agencies* |
| 43,142,928 | | 43,142,928 | ||||||||||||
Total Short-Term Investment* |
| 38,175,911 | | 38,175,911 | ||||||||||||
Total Purchased Options at Value |
$ | | $ | 127,917 | $ | | $ | 127,917 | ||||||||
Total Investments |
$ | | $ | 537,479,361 | $ | | $ | 537,479,361 | ||||||||
Forward Contracts |
| |||||||||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | | $ | 491,952 | $ | | $ | 491,952 | ||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
| (4,254,960 | ) | | (4,254,960 | ) | ||||||||||
Total Forward Contracts |
$ | | $ | (3,763,008 | ) | $ | | $ | (3,763,008 | ) | ||||||
Total Written Options at Value |
$ | | $ | (172,203 | ) | $ | | $ | (172,203 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
BHFTI-133
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Wellington Large Cap Research Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks 99.5% of Net Assets
Security Description | Shares | Value | ||||||
Aerospace & Defense 2.0% | ||||||||
Boeing Co. (a) |
44,614 | $ | 8,551,612 | |||||
General Dynamics Corp. |
62,331 | 13,773,281 | ||||||
Lockheed Martin Corp. |
24,527 | 10,030,562 | ||||||
RTX Corp. |
124,317 | 8,947,094 | ||||||
|
|
|||||||
41,302,549 | ||||||||
|
|
|||||||
Air Freight & Logistics 0.3% | ||||||||
CH Robinson Worldwide, Inc. (b) |
76,638 | 6,600,831 | ||||||
|
|
|||||||
Automobiles 0.4% | ||||||||
Ford Motor Co. |
161,720 | 2,008,562 | ||||||
Tesla, Inc. (a) |
22,895 | 5,728,787 | ||||||
|
|
|||||||
7,737,349 | ||||||||
|
|
|||||||
Banks 2.5% | ||||||||
JPMorgan Chase & Co. |
271,596 | 39,386,852 | ||||||
Wells Fargo & Co. |
306,242 | 12,513,048 | ||||||
|
|
|||||||
51,899,900 | ||||||||
|
|
|||||||
Beverages 2.3% | ||||||||
Constellation Brands, Inc.Class A |
83,768 | 21,053,411 | ||||||
Monster Beverage Corp. (a) |
515,511 | 27,296,308 | ||||||
|
|
|||||||
48,349,719 | ||||||||
|
|
|||||||
Biotechnology 1.6% | ||||||||
Alnylam Pharmaceuticals, Inc. (a) |
4,808 | 851,497 | ||||||
Apellis Pharmaceuticals, Inc. (a)(b) |
12,609 | 479,646 | ||||||
Ascendis Pharma AS (ADR) (a)(b) |
10,646 | 996,891 | ||||||
Biogen, Inc. (a) |
13,083 | 3,362,462 | ||||||
Bridgebio Pharma, Inc. (a)(b) |
21,268 | 560,837 | ||||||
Celldex Therapeutics, Inc. (a)(b) |
17,943 | 493,791 | ||||||
Crinetics Pharmaceuticals, Inc. (a)(b) |
21,170 | 629,596 | ||||||
Cytokinetics, Inc. (a)(b) |
58,344 | 1,718,814 | ||||||
Genmab AS (ADR) (a) |
27,077 | 955,006 | ||||||
Gilead Sciences, Inc. |
29,788 | 2,232,313 | ||||||
Immunocore Holdings PLC (ADR) (a)(b) |
12,922 | 670,652 | ||||||
ImmunoGen, Inc. (a)(b) |
48,029 | 762,220 | ||||||
Karuna Therapeutics, Inc. (a)(b) |
9,839 | 1,663,677 | ||||||
Moderna, Inc. (a) |
10,071 | 1,040,234 | ||||||
Prothena Corp. PLC (a)(b) |
5,961 | 287,618 | ||||||
PTC Therapeutics, Inc. (a)(b) |
13,942 | 312,440 | ||||||
Regeneron Pharmaceuticals, Inc. (a) |
6,284 | 5,171,481 | ||||||
Revolution Medicines, Inc. (a)(b) |
25,676 | 710,712 | ||||||
Roivant Sciences Ltd. (a)(b) |
46,407 | 542,034 | ||||||
Sage Therapeutics, Inc. (a)(b) |
42,097 | 866,356 | ||||||
Sarepta Therapeutics, Inc. (a)(b) |
7,281 | 882,603 | ||||||
United Therapeutics Corp. (a) |
4,522 | 1,021,384 | ||||||
Vaxcyte, Inc. (a)(b) |
10,694 | 545,180 | ||||||
Vertex Pharmaceuticals, Inc. (a) |
20,854 | 7,251,770 | ||||||
|
|
|||||||
34,009,214 | ||||||||
|
|
|||||||
Broadline Retail 5.1% | ||||||||
Amazon.com, Inc. (a) |
825,073 | 104,883,280 | ||||||
|
|
|||||||
Building Products 1.0% | ||||||||
Azek Co., Inc. (a) |
129,588 | $ | 3,853,947 | |||||
Builders FirstSource, Inc. (a) |
42,963 | 5,348,464 | ||||||
Fortune Brands Innovations, Inc. |
51,027 | 3,171,838 | ||||||
Johnson Controls International PLC |
41,264 | 2,195,657 | ||||||
Trane Technologies PLC |
22,684 | 4,602,811 | ||||||
Zurn Elkay Water Solutions Corp.Class C (b) |
48,946 | 1,371,467 | ||||||
|
|
|||||||
20,544,184 | ||||||||
|
|
|||||||
Capital Markets 3.0% | ||||||||
Ares Management Corp.Class A |
279,223 | 28,723,670 | ||||||
KKR & Co., Inc. |
108,305 | 6,671,588 | ||||||
S&P Global, Inc. |
60,145 | 21,977,584 | ||||||
Tradeweb Markets, Inc.Class A |
66,128 | 5,303,466 | ||||||
|
|
|||||||
62,676,308 | ||||||||
|
|
|||||||
Chemicals 2.5% | ||||||||
Cabot Corp. (b) |
122,288 | 8,470,890 | ||||||
Celanese Corp. (b) |
50,413 | 6,327,840 | ||||||
FMC Corp. (b) |
84,023 | 5,627,020 | ||||||
Ingevity Corp. (a) |
52,981 | 2,522,425 | ||||||
Linde PLC |
48,485 | 18,053,390 | ||||||
Livent Corp. (a)(b) |
98,064 | 1,805,358 | ||||||
PPG Industries, Inc. |
68,884 | 8,941,143 | ||||||
|
|
|||||||
51,748,066 | ||||||||
|
|
|||||||
Commercial Services & Supplies 0.6% | ||||||||
Clean Harbors, Inc. (a)(b) |
35,616 | 5,960,694 | ||||||
Waste Connections, Inc. |
49,339 | 6,626,227 | ||||||
|
|
|||||||
12,586,921 | ||||||||
|
|
|||||||
Construction & Engineering 0.3% | ||||||||
Fluor Corp. (a)(b) |
189,735 | 6,963,275 | ||||||
|
|
|||||||
Consumer Finance 0.5% | ||||||||
American Express Co. |
75,435 | 11,254,148 | ||||||
|
|
|||||||
Consumer Staples Distribution & Retail 0.7% | ||||||||
Performance Food Group Co. (a) |
234,285 | 13,790,015 | ||||||
|
|
|||||||
Containers & Packaging 0.1% | ||||||||
Ball Corp. (b) |
45,672 | 2,273,552 | ||||||
|
|
|||||||
Electric Utilities 2.2% | ||||||||
Edison International |
152,041 | 9,622,675 | ||||||
Exelon Corp. |
258,690 | 9,775,895 | ||||||
NextEra Energy, Inc. |
208,572 | 11,949,090 | ||||||
PG&E Corp. (a)(b) |
868,146 | 14,003,195 | ||||||
|
|
|||||||
45,350,855 | ||||||||
|
|
|||||||
Electrical Equipment 0.3% | ||||||||
AMETEK, Inc. |
17,426 | 2,574,866 | ||||||
Emerson Electric Co. |
30,349 | 2,930,803 | ||||||
|
|
|||||||
5,505,669 | ||||||||
|
|
BHFTI-134
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Wellington Large Cap Research Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Energy Equipment & Services0.5% | ||||||||
Schlumberger NV |
182,704 | $ | 10,651,643 | |||||
|
|
|||||||
Entertainment1.4% | ||||||||
Roku, Inc. (a)(b) |
111,041 | 7,838,384 | ||||||
Spotify Technology SA (a) |
83,649 | 12,935,481 | ||||||
Walt Disney Co. (a)(b) |
111,771 | 9,059,040 | ||||||
|
|
|||||||
29,832,905 | ||||||||
|
|
|||||||
Financial Services5.0% | ||||||||
Berkshire Hathaway, Inc. - Class B (a) |
138,871 | 48,646,511 | ||||||
Block, Inc. (a) |
215,861 | 9,554,008 | ||||||
FleetCor Technologies, Inc. (a) |
27,833 | 7,106,878 | ||||||
Global Payments, Inc. |
83,334 | 9,615,910 | ||||||
PayPal Holdings, Inc. (a) |
70,403 | 4,115,760 | ||||||
Visa, Inc. - Class A (b) |
57,814 | 13,297,798 | ||||||
WEX, Inc. (a) |
58,323 | 10,969,973 | ||||||
|
|
|||||||
103,306,838 | ||||||||
|
|
|||||||
Food Products0.2% | ||||||||
Lamb Weston Holdings, Inc. |
54,270 | 5,017,804 | ||||||
|
|
|||||||
Gas Utilities0.4% | ||||||||
Atmos Energy Corp. (b) |
81,934 | 8,679,269 | ||||||
|
|
|||||||
Ground Transportation1.4% | ||||||||
Knight-Swift Transportation Holdings, Inc. (b) |
179,460 | 8,999,919 | ||||||
Uber Technologies, Inc. (a) |
426,469 | 19,613,309 | ||||||
|
|
|||||||
28,613,228 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies2.3% | ||||||||
Abbott Laboratories |
113,099 | 10,953,638 | ||||||
Boston Scientific Corp. (a) |
232,541 | 12,278,165 | ||||||
Dexcom, Inc. (a)(b) |
74,237 | 6,926,312 | ||||||
Edwards Lifesciences Corp. (a) |
124,248 | 8,607,901 | ||||||
Insulet Corp. (a) |
30,406 | 4,849,453 | ||||||
Stryker Corp. |
16,663 | 4,553,498 | ||||||
|
|
|||||||
48,168,967 | ||||||||
|
|
|||||||
Health Care Providers & Services3.8% | ||||||||
Agilon health, Inc. (a)(b) |
290,391 | 5,157,344 | ||||||
Cencora, Inc. (b) |
69,129 | 12,441,146 | ||||||
Centene Corp. (a) |
100,536 | 6,924,920 | ||||||
Elevance Health, Inc. |
19,122 | 8,326,101 | ||||||
HCA Healthcare, Inc. |
35,099 | 8,633,652 | ||||||
Humana, Inc. |
26,819 | 13,047,980 | ||||||
Molina Healthcare, Inc. (a) |
34,943 | 11,457,460 | ||||||
UnitedHealth Group, Inc. |
24,160 | 12,181,231 | ||||||
|
|
|||||||
78,169,834 | ||||||||
|
|
|||||||
Health Care REITs0.5% | ||||||||
Welltower, Inc. (b) |
117,215 | 9,602,253 | ||||||
|
|
|||||||
Health Care Technology0.1% | ||||||||
Veeva Systems, Inc. - Class A (a) |
12,824 | 2,609,043 | ||||||
|
|
|||||||
Hotel & Resort REITs0.4% | ||||||||
Ryman Hospitality Properties, Inc. |
98,648 | $ | 8,215,405 | |||||
|
|
|||||||
Hotels, Restaurants & Leisure2.3% | ||||||||
Airbnb, Inc. - Class A (a) |
151,299 | 20,759,736 | ||||||
Chipotle Mexican Grill, Inc. (a) |
8,703 | 15,942,416 | ||||||
Hyatt Hotels Corp. - Class A (b) |
95,314 | 10,110,909 | ||||||
|
|
|||||||
46,813,061 | ||||||||
|
|
|||||||
Household Durables0.6% | ||||||||
DR Horton, Inc. |
21,971 | 2,361,224 | ||||||
Lennar Corp. - Class A |
47,732 | 5,356,962 | ||||||
Skyline Champion Corp. (a)(b) |
76,758 | 4,891,020 | ||||||
|
|
|||||||
12,609,206 | ||||||||
|
|
|||||||
Industrial Conglomerates0.3% | ||||||||
Honeywell International, Inc. |
34,749 | 6,419,530 | ||||||
|
|
|||||||
Industrial REITs0.4% | ||||||||
EastGroup Properties, Inc. (b) |
46,479 | 7,740,148 | ||||||
|
|
|||||||
Insurance2.8% | ||||||||
Arch Capital Group Ltd. (a) |
111,219 | 8,865,267 | ||||||
Assured Guaranty Ltd. |
56,964 | 3,447,461 | ||||||
Chubb Ltd. |
55,891 | 11,635,388 | ||||||
Everest Group Ltd. |
14,057 | 5,224,565 | ||||||
Marsh & McLennan Cos., Inc. |
70,026 | 13,325,948 | ||||||
Progressive Corp. |
66,457 | 9,257,460 | ||||||
Trupanion, Inc. (a)(b) |
181,231 | 5,110,714 | ||||||
|
|
|||||||
56,866,803 | ||||||||
|
|
|||||||
Interactive Media & Services9.5% | ||||||||
Alphabet, Inc. - Class A (a) |
943,777 | 123,502,658 | ||||||
Bumble, Inc. - Class A (a)(b) |
567,115 | 8,461,356 | ||||||
Meta Platforms, Inc. - Class A (a) |
213,984 | 64,240,137 | ||||||
|
|
|||||||
196,204,151 | ||||||||
|
|
|||||||
IT Services1.7% | ||||||||
Shopify, Inc. - Class A (a) |
331,619 | 18,096,449 | ||||||
Snowflake, Inc. - Class A (a) |
18,515 | 2,828,536 | ||||||
Squarespace, Inc. - Class A (a)(b) |
277,400 | 8,036,278 | ||||||
VeriSign, Inc. (a) |
31,692 | 6,418,581 | ||||||
|
|
|||||||
35,379,844 | ||||||||
|
|
|||||||
Life Sciences Tools & Services2.0% | ||||||||
Agilent Technologies, Inc. |
66,457 | 7,431,222 | ||||||
Danaher Corp. |
76,977 | 19,097,993 | ||||||
ICON PLC (a)(b) |
37,084 | 9,131,935 | ||||||
Illumina, Inc. (a) |
35,492 | 4,872,342 | ||||||
|
|
|||||||
40,533,492 | ||||||||
|
|
|||||||
Machinery1.1% | ||||||||
Caterpillar, Inc. |
4,462 | 1,218,126 | ||||||
Flowserve Corp. |
134,019 | 5,329,935 | ||||||
Fortive Corp. |
70,648 | 5,239,256 |
BHFTI-135
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Wellington Large Cap Research Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares |
Value | ||||||
Machinery(Continued) | ||||||||
Ingersoll Rand, Inc. (b) |
43,847 | $ | 2,793,931 | |||||
Middleby Corp. (a)(b) |
39,293 | 5,029,504 | ||||||
Westinghouse Air Brake Technologies Corp. |
28,753 | 3,055,581 | ||||||
|
|
|||||||
22,666,333 | ||||||||
|
|
|||||||
Media0.8% | ||||||||
New York Times Co. - Class A |
186,631 | 7,689,197 | ||||||
Omnicom Group, Inc. |
118,677 | 8,839,063 | ||||||
|
|
|||||||
16,528,260 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels5.0% | ||||||||
BP PLC (ADR) |
730,105 | 28,269,666 | ||||||
ConocoPhillips |
137,723 | 16,499,215 | ||||||
EOG Resources, Inc. |
50,766 | 6,435,098 | ||||||
EQT Corp. |
122,900 | 4,987,282 | ||||||
Marathon Petroleum Corp. |
83,424 | 12,625,388 | ||||||
Shell PLC (ADR) (b) |
415,810 | 26,769,848 | ||||||
Targa Resources Corp. |
79,929 | 6,851,514 | ||||||
|
|
|||||||
102,438,011 | ||||||||
|
|
|||||||
Passenger Airlines0.3% | ||||||||
Delta Air Lines, Inc. |
141,137 | 5,222,069 | ||||||
|
|
|||||||
Personal Care Products0.3% | ||||||||
Haleon PLC (ADR) |
713,448 | 5,943,022 | ||||||
|
|
|||||||
Pharmaceuticals5.3% | ||||||||
AstraZeneca PLC (ADR) |
216,151 | 14,637,746 | ||||||
Elanco Animal Health, Inc. (a) |
162,968 | 1,831,760 | ||||||
Eli Lilly & Co. |
69,674 | 37,423,996 | ||||||
GSK PLC (ADR) (b) |
119,749 | 4,340,901 | ||||||
Merck & Co., Inc. |
218,094 | 22,452,777 | ||||||
Novartis AG (ADR) |
56,048 | 5,709,049 | ||||||
Pfizer, Inc. |
485,004 | 16,087,583 | ||||||
Zoetis, Inc. |
37,144 | 6,462,313 | ||||||
|
|
|||||||
108,946,125 | ||||||||
|
|
|||||||
Professional Services1.0% | ||||||||
Ceridian HCM Holding, Inc. (a)(b) |
132,603 | 8,997,114 | ||||||
Genpact Ltd. (b) |
96,266 | 3,484,829 | ||||||
Science Applications International Corp. |
58,897 | 6,215,989 | ||||||
TriNet Group, Inc. (a) |
10,964 | 1,277,087 | ||||||
|
|
|||||||
19,975,019 | ||||||||
|
|
|||||||
Real Estate Management & Development0.1% | ||||||||
CoStar Group, Inc. (a) |
34,762 | 2,672,850 | ||||||
|
|
|||||||
Residential REITs0.3% | ||||||||
AvalonBay Communities, Inc. (b) |
35,201 | 6,045,420 | ||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment6.3% | ||||||||
Advanced Micro Devices, Inc. (a) |
261,631 | 26,900,899 | ||||||
First Solar, Inc. (a) |
23,767 | 3,840,510 | ||||||
Semiconductors & Semiconductor Equipment(Continued) | ||||||||
KLA Corp. |
27,075 | 12,418,219 | ||||||
Marvell Technology, Inc. |
159,892 | 8,654,954 | ||||||
Micron Technology, Inc. |
171,514 | 11,668,097 | ||||||
NVIDIA Corp. |
53,729 | 23,371,578 | ||||||
ON Semiconductor Corp. (a) |
111,968 | 10,407,426 | ||||||
Teradyne, Inc. (b) |
81,696 | 8,207,180 | ||||||
Texas Instruments, Inc. |
149,754 | 23,812,384 | ||||||
|
|
|||||||
129,281,247 | ||||||||
|
|
|||||||
Software9.9% | ||||||||
Aurora Innovation, Inc. (a)(b) |
402,376 | 945,584 | ||||||
HashiCorp, Inc. - Class A (a)(b) |
104,553 | 2,386,945 | ||||||
HubSpot, Inc. (a) |
11,189 | 5,510,582 | ||||||
Klaviyo, Inc. - Class A (a)(b) |
10,100 | 348,450 | ||||||
Microsoft Corp. |
456,681 | 144,197,026 | ||||||
Palo Alto Networks, Inc. (a)(b) |
23,249 | 5,450,496 | ||||||
Salesforce, Inc. (a) |
74,193 | 15,044,856 | ||||||
ServiceNow, Inc. (a) |
25,741 | 14,388,189 | ||||||
Synopsys, Inc. (a) |
18,572 | 8,523,991 | ||||||
Workday, Inc. - Class A (a) |
33,187 | 7,130,227 | ||||||
|
|
|||||||
203,926,346 | ||||||||
|
|
|||||||
Specialty Retail2.5% | ||||||||
AutoZone, Inc. (a) |
7,731 | 19,636,663 | ||||||
TJX Cos., Inc. |
351,676 | 31,256,963 | ||||||
|
|
|||||||
50,893,626 | ||||||||
|
|
|||||||
Technology Hardware, Storage & Peripherals2.7% | ||||||||
Apple, Inc. |
320,280 | 54,835,139 | ||||||
|
|
|||||||
Tobacco1.7% | ||||||||
Philip Morris International, Inc. |
371,094 | 34,355,883 | ||||||
|
|
|||||||
Trading Companies & Distributors0.1% | ||||||||
WESCO International, Inc. |
11,515 | 1,656,087 | ||||||
|
|
|||||||
Wireless Telecommunication Services1.1% | ||||||||
T-Mobile U.S., Inc. (a)(b) |
162,554 | 22,765,688 | ||||||
|
|
|||||||
Total Common Stocks |
2,051,060,384 | |||||||
|
|
|||||||
Short-Term Investment0.8% |
| |||||||
Repurchase Agreement0.8% | ||||||||
Fixed Income Clearing Corp. |
16,385,610 | 16,385,610 | ||||||
|
|
|||||||
Total Short-Term Investments |
16,385,610 | |||||||
|
|
BHFTI-136
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Wellington Large Cap Research Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (c)8.5%
Security Description | Principal Amount* |
Value | ||||||
Certificates of Deposit2.8% | ||||||||
Bank of America N.A. | ||||||||
5.660%, SOFR + 0.340%, 03/08/24 (d) |
2,000,000 | $ | 2,000,170 | |||||
5.700%, FEDEFF PRV + 0.370%, 11/17/23 (d) |
2,000,000 | 2,000,270 | ||||||
Barclays Bank PLC |
4,000,000 | 4,000,288 | ||||||
BNP Paribas SA |
3,000,000 | 2,999,856 | ||||||
Canadian Imperial Bank of Commerce (NY) |
2,000,000 | 2,000,972 | ||||||
5.710%, SOFR + 0.400%, 10/13/23 (d) |
5,000,000 | 5,000,490 | ||||||
Citibank N.A. |
4,000,000 | 4,000,300 | ||||||
Credit Industriel et Commercial |
5,000,000 | 4,999,560 | ||||||
Mitsubishi UFJ Trust & Banking Corp. | ||||||||
Zero Coupon, 10/20/23 |
1,000,000 | 996,900 | ||||||
Zero Coupon, 03/13/24 |
3,000,000 | 2,921,340 | ||||||
Mizuho Bank Ltd. |
4,000,000 | 4,000,196 | ||||||
Nordea Bank Abp |
4,000,000 | 4,000,608 | ||||||
Oversea-Chinese Banking Corp. Ltd. |
5,000,000 | 5,000,730 | ||||||
Royal Bank of Canada |
3,000,000 | 3,002,310 | ||||||
Svenska Handelsbanken AB |
3,000,000 | 3,000,315 | ||||||
Toronto-Dominion Bank | ||||||||
5.730%, FEDEFF PRV + 0.400%, 02/13/24 (d) |
3,000,000 | 3,001,740 | ||||||
5.780%, FEDEFF PRV + 0.450%, 10/13/23 (d) |
4,000,000 | 4,000,380 | ||||||
|
|
|||||||
56,926,425 | ||||||||
|
|
|||||||
Commercial Paper0.9% | ||||||||
National Australia Bank Ltd. |
5,000,000 | 5,001,100 | ||||||
Old Line Funding LLC |
3,000,000 | 2,999,997 | ||||||
Skandinaviska Enskilda Banken AB |
4,000,000 | 4,001,080 | ||||||
UBS AG |
7,000,000 | 7,000,000 | ||||||
|
|
|||||||
19,002,177 | ||||||||
|
|
|||||||
Repurchase Agreements3.8% | ||||||||
Cantor Fitzgerald & Co. |
5,000,000 | 5,000,000 | ||||||
Repurchase Agreements(Continued) | ||||||||
Citigroup Global Markets, Inc. | ||||||||
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $3,717,145; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $3,787,551. |
3,713,196 | 3,713,196 | ||||||
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $10,301,653; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $10,629,713. |
10,000,000 | 10,000,000 | ||||||
ING Financial Markets LLC |
14,232,589 | 14,232,589 | ||||||
National Bank of Canada | ||||||||
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $6,907,138; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $7,070,979. |
6,900,000 | 6,900,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $20,021,194; collateralized by various Common Stock with an aggregate market value of $22,319,747. |
20,000,000 | 20,000,000 | ||||||
NBC Global Finance Ltd. |
10,000,000 | 10,000,000 | ||||||
Royal Bank of Canada Toronto |
3,000,000 | 3,000,000 | ||||||
Societe Generale |
900,000 | 900,000 | ||||||
TD Prime Services LLC |
5,000,000 | 5,000,000 | ||||||
|
|
|||||||
78,745,785 | ||||||||
|
|
|||||||
Time Deposit0.4% | ||||||||
National Bank of Canada |
8,000,000 | 8,000,000 | ||||||
|
|
BHFTI-137
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Wellington Large Cap Research Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (c)(Continued)
Security Description | Shares | Value | ||||||
Mutual Funds0.6% | ||||||||
BlackRock Liquidity Funds FedFund, Institutional Shares 5.230% (e) |
2,000,000 | $ | 2,000,000 | |||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (e) |
2,000,000 | 2,000,000 | ||||||
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.240% (e) |
75,000 | 75,000 | ||||||
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 5.270% (e) |
2,000,000 | 2,000,000 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (e) |
5,000,000 | 5,000,000 | ||||||
STIT-Government & Agency Portfolio, Institutional Class 5.260% (e) |
1,000,000 | 1,000,000 | ||||||
|
|
|||||||
12,075,000 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
174,749,387 | |||||||
|
|
|||||||
Total Investments108.8% |
2,242,195,381 | |||||||
Other assets and liabilities (net)(8.8)% |
(181,457,175 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 2,060,738,206 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
(a) | Non-income producing security. | |||
(b) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $191,983,190 and the collateral received consisted of cash in the amount of $174,719,803 and non-cash collateral with a value of $21,659,849. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
(c) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(d) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
(e) | The rate shown represents the annualized seven-day yield as of September 30, 2023. |
Glossary of Abbreviations
Index Abbreviations
(FEDEFF PRV) | Effective Federal Funds Rate | |||
(OBFR) | U.S. Overnight Bank Funding Rate | |||
(SOFR) | Secured Overnight Financing Rate |
Other Abbreviations
(ADR) | American Depositary Receipt | |||
(REIT) | Real Estate Investment Trust |
BHFTI-138
Table of Contents
Brighthouse Funds Trust I
Brighthouse/Wellington Large Cap Research Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Total Common Stocks* |
$ | 2,051,060,384 | $ | | $ | | $ | 2,051,060,384 | ||||||||
Total Short-Term Investment* |
| 16,385,610 | | 16,385,610 | ||||||||||||
Securities Lending Reinvestments | ||||||||||||||||
Certificates of Deposit |
| 56,926,425 | | 56,926,425 | ||||||||||||
Commercial Paper |
| 19,002,177 | | 19,002,177 | ||||||||||||
Repurchase Agreements |
| 78,745,785 | | 78,745,785 | ||||||||||||
Time Deposit |
| 8,000,000 | | 8,000,000 | ||||||||||||
Mutual Funds |
12,075,000 | | | 12,075,000 | ||||||||||||
Total Securities Lending Reinvestments |
12,075,000 | 162,674,387 | | 174,749,387 | ||||||||||||
Total Investments |
$ | 2,063,135,384 | $ | 179,059,997 | $ | | $ | 2,242,195,381 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (174,719,803 | ) | $ | | $ | (174,719,803 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
BHFTI-139
Table of Contents
Brighthouse Funds Trust I
CBRE Global Real Estate Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks99.1% of Net Assets
Security Description | Shares | Value | ||||||
Australia3.9% | ||||||||
Goodman Group (REIT) |
968,005 | $ | 13,409,993 | |||||
Rural Funds Group (REIT) |
2,369,789 | 2,688,673 | ||||||
Scentre Group (REIT) |
7,004,183 | 11,142,355 | ||||||
Stockland (REIT) |
2,912,366 | 7,372,600 | ||||||
|
|
|||||||
34,613,621 | ||||||||
|
|
|||||||
Austria0.3% | ||||||||
CA Immobilien Anlagen AG |
70,884 | 2,352,545 | ||||||
|
|
|||||||
Belgium1.7% | ||||||||
Cofinimmo SA (REIT) |
50,380 | 3,457,293 | ||||||
Montea NV (REIT) |
39,305 | 2,794,196 | ||||||
Shurgard Self Storage Ltd. (REIT) |
74,760 | 2,961,277 | ||||||
Warehouses De Pauw CVA (REIT) |
249,208 | 6,142,700 | ||||||
|
|
|||||||
15,355,466 | ||||||||
|
|
|||||||
Canada2.2% | ||||||||
Boardwalk Real Estate Investment Trust (REIT) (a) |
35,972 | 1,769,401 | ||||||
Chartwell Retirement Residences (a) |
593,568 | 4,492,457 | ||||||
Granite Real Estate Investment Trust (REIT) (a) |
68,817 | 3,652,000 | ||||||
H&R Real Estate Investment Trust (REIT) (a) |
642,804 | 4,368,181 | ||||||
Tricon Residential, Inc. (a) |
636,893 | 4,713,008 | ||||||
|
|
|||||||
18,995,047 | ||||||||
|
|
|||||||
France3.2% | ||||||||
ICADE (REIT) |
82,753 | 2,726,123 | ||||||
Klepierre SA (REIT) |
408,126 | 9,991,777 | ||||||
Mercialys SA (REIT) |
323,456 | 2,915,062 | ||||||
Unibail-Rodamco-Westfield (REIT) (b) |
257,223 | 12,659,661 | ||||||
|
|
|||||||
28,292,623 | ||||||||
|
|
|||||||
Germany0.3% | ||||||||
TAG Immobilien AG (b) |
268,547 | 2,819,278 | ||||||
|
|
|||||||
Hong Kong5.0% | ||||||||
CK Asset Holdings Ltd. |
2,434,702 | 12,806,125 | ||||||
Link REIT (REIT) (a) |
4,735,883 | 23,085,280 | ||||||
Wharf Real Estate Investment Co. Ltd. |
2,140,067 | 8,259,252 | ||||||
|
|
|||||||
44,150,657 | ||||||||
|
|
|||||||
Japan9.3% | ||||||||
Activia Properties, Inc. (REIT) |
2,316 | 6,390,898 | ||||||
Aeon Mall Co. Ltd. (REIT) |
156,700 | 1,844,853 | ||||||
AEON REIT Investment Corp. |
3,085 | 3,024,032 | ||||||
Daiwa Office Investment Corp. (REIT) |
1,219 | 5,447,370 | ||||||
Invincible Investment Corp. (REIT) |
13,678 | 5,655,034 | ||||||
Japan Hotel REIT Investment Corp. (REIT) |
12,587 | 6,589,853 | ||||||
Japan Metropolitan Fund Invest (REIT) |
17,528 | 11,375,075 | ||||||
Kenedix Office Investment Corp. (REIT) |
3,828 | 8,861,192 | ||||||
LaSalle Logiport (REIT) |
11,237 | 10,805,116 | ||||||
Mitsui Fudosan Co. Ltd. |
110,457 | 2,432,860 | ||||||
Orix JREIT, Inc. (REIT) |
9,339 | 11,209,349 | ||||||
Tokyu Fudosan Holdings Corp. (a) |
1,442,068 | 8,861,793 | ||||||
|
|
|||||||
82,497,425 | ||||||||
|
|
|||||||
Netherlands0.3% | ||||||||
Eurocommercial Properties NV (REIT) |
119,917 | $ | 2,656,331 | |||||
|
|
|||||||
Singapore3.5% | ||||||||
CapitaLand Ascendas REIT (REIT) |
9,005,690 | 18,101,549 | ||||||
Frasers Logistics & Commercial Trust (REIT) |
11,930,540 | 9,326,732 | ||||||
Keppel REIT (REIT) |
5,766,900 | 3,604,747 | ||||||
|
|
|||||||
31,033,028 | ||||||||
|
|
|||||||
Spain0.5% | ||||||||
Merlin Properties Socimi SA (REIT) |
486,980 | 4,087,054 | ||||||
|
|
|||||||
Sweden1.0% | ||||||||
Catena AB |
83,782 | 2,914,517 | ||||||
Hufvudstaden AB - A Shares |
264,572 | 2,921,787 | ||||||
Pandox AB |
287,822 | 3,052,421 | ||||||
|
|
|||||||
8,888,725 | ||||||||
|
|
|||||||
Switzerland1.3% | ||||||||
PSP Swiss Property AG |
99,702 | 11,761,171 | ||||||
|
|
|||||||
United Kingdom4.8% | ||||||||
Grainger PLC |
1,831,512 | 5,212,347 | ||||||
Land Securities Group PLC (REIT) |
1,306,757 | 9,345,147 | ||||||
LondonMetric Property PLC (REIT) |
2,113,716 | 4,422,493 | ||||||
NewRiver REIT PLC (REIT) |
3,280,208 | 3,193,685 | ||||||
Safestore Holdings PLC (REIT) |
570,723 | 5,121,345 | ||||||
Shaftesbury Capital PLC (REIT) |
3,444,068 | 4,797,697 | ||||||
Tritax Big Box REIT PLC (REIT) |
2,931,512 | 4,996,638 | ||||||
UNITE Group PLC (REIT) |
500,302 | 5,451,047 | ||||||
|
|
|||||||
42,540,399 | ||||||||
|
|
|||||||
United States61.8% | ||||||||
Acadia Realty Trust (REIT) (a) |
250,883 | 3,600,171 | ||||||
Alexandria Real Estate Equities, Inc. (REIT) (a) |
181,903 | 18,208,490 | ||||||
American Tower Corp. (REIT) |
25,658 | 4,219,458 | ||||||
Apartment Income REIT Corp. (REIT) (a) |
365,046 | 11,206,912 | ||||||
AvalonBay Communities, Inc. (REIT) |
87,616 | 15,047,172 | ||||||
Brixmor Property Group, Inc. (REIT) |
593,458 | 12,332,057 | ||||||
Camden Property Trust (REIT) |
136,858 | 12,944,030 | ||||||
CubeSmart (REIT) |
522,601 | 19,926,776 | ||||||
Empire State Realty Trust, Inc. - Class A (REIT) (a) |
339,000 | 2,725,560 | ||||||
EPR Properties (REIT) (a) |
188,570 | 7,833,198 | ||||||
Equinix, Inc. (REIT) |
53,214 | 38,647,200 | ||||||
Essential Properties Realty Trust, Inc. (REIT) (a) |
375,443 | 8,120,832 | ||||||
Essex Property Trust, Inc. (REIT) (a) |
136,146 | 28,875,205 | ||||||
Four Corners Property Trust, Inc. (REIT) (a) |
194,904 | 4,324,920 | ||||||
Healthpeak Properties, Inc. (REIT) |
346,584 | 6,363,282 | ||||||
Hilton Worldwide Holdings, Inc. |
61,977 | 9,307,706 | ||||||
Host Hotels & Resorts, Inc. (REIT) (a) |
565,077 | 9,080,787 | ||||||
Invitation Homes, Inc. (REIT) (a) |
1,183,879 | 37,517,125 | ||||||
Kilroy Realty Corp. (REIT) (a) |
173,951 | 5,498,591 | ||||||
Macerich Co. (REIT) (a) |
669,211 | 7,301,092 | ||||||
Marriott International, Inc. - Class A |
42,116 | 8,278,321 | ||||||
NNN REIT, Inc. (REIT) (a) |
230,349 | 8,140,534 | ||||||
Park Hotels & Resorts, Inc. (REIT) (a) |
526,218 | 6,483,006 |
BHFTI-140
Table of Contents
Brighthouse Funds Trust I
CBRE Global Real Estate Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares/ Principal Amount* |
Value | ||||||
United States(Continued) | ||||||||
Prologis, Inc. (REIT) |
255,293 | $ | 28,646,427 | |||||
Public Storage (REIT) (a) |
213,338 | 56,218,830 | ||||||
Retail Opportunity Investments Corp. (REIT) |
313,505 | 3,881,192 | ||||||
Rexford Industrial Realty, Inc. (REIT) (a) |
500,582 | 24,703,722 | ||||||
SBA Communications Corp. (REIT) |
21,805 | 4,364,707 | ||||||
Simon Property Group, Inc. (REIT) |
456,889 | 49,357,719 | ||||||
SITE Centers Corp. (REIT) |
280,575 | 3,459,490 | ||||||
Spirit Realty Capital, Inc. (REIT) (a) |
358,674 | 12,026,339 | ||||||
Sunstone Hotel Investors, Inc. (REIT) (a) |
630,573 | 5,895,858 | ||||||
Tanger Factory Outlet Centers, Inc. (REIT) (a) |
271,022 | 6,125,097 | ||||||
Ventas, Inc. (REIT) |
207,493 | 8,741,680 | ||||||
Vornado Realty Trust (REIT) (a) |
259,147 | 5,877,454 | ||||||
Welltower, Inc. (REIT) (a) |
618,334 | 50,653,921 | ||||||
|
|
|||||||
545,934,861 | ||||||||
|
|
|||||||
Total Common Stocks |
875,978,231 | |||||||
|
|
|||||||
Short-Term Investment0.4% |
| |||||||
Repurchase Agreement0.4% | ||||||||
Fixed Income Clearing Corp. |
3,714,490 | 3,714,490 | ||||||
|
|
|||||||
Total Short-Term Investments |
3,714,490 | |||||||
|
|
|||||||
Securities Lending Reinvestments (c)13.5% |
| |||||||
Certificates of Deposit2.5% | ||||||||
Bank of America N.A. |
1,000,000 | 1,000,135 | ||||||
Bank of Montreal |
1,000,000 | 1,000,643 | ||||||
Bank of Nova Scotia |
2,000,000 | 2,000,150 | ||||||
Barclays Bank PLC |
1,000,000 | 1,000,072 | ||||||
BNP Paribas SA |
1,000,000 | 999,952 | ||||||
Canadian Imperial Bank of Commerce (NY) |
1,000,000 | 1,000,098 | ||||||
Citibank N.A. |
2,000,000 | 2,000,150 | ||||||
Credit Industriel et Commercial |
1,000,000 | 999,912 | ||||||
Mitsubishi UFJ Trust & Banking Corp. | ||||||||
Zero Coupon, 10/19/23 |
1,000,000 | 997,050 | ||||||
Zero Coupon, 10/20/23 |
1,000,000 | 996,900 | ||||||
Mizuho Bank Ltd. |
1,000,000 | 1,000,049 | ||||||
Nordea Bank Abp |
1,000,000 | 1,000,152 | ||||||
Certificates of Deposit(Continued) | ||||||||
Oversea-Chinese Banking Corp. Ltd. |
1,000,000 | $ | 1,000,146 | |||||
Royal Bank of Canada |
1,000,000 | 1,000,770 | ||||||
Sumitomo Mitsui Banking Corp. |
1,000,000 | 1,000,931 | ||||||
Sumitomo Mitsui Trust Bank, Ltd. |
1,000,000 | 1,000,053 | ||||||
Svenska Handelsbanken AB |
1,000,000 | 1,000,105 | ||||||
Toronto-Dominion Bank | ||||||||
5.730%, FEDEFF PRV + 0.400%, 02/13/24 (d) |
1,000,000 | 1,000,580 | ||||||
5.780%, FEDEFF PRV + 0.450%, 10/13/23 (d) |
1,000,000 | 1,000,095 | ||||||
Wells Fargo Bank N.A. |
1,000,000 | 1,000,360 | ||||||
|
|
|||||||
21,998,303 | ||||||||
|
|
|||||||
Commercial Paper0.7% | ||||||||
National Australia Bank Ltd. |
1,000,000 | 1,000,220 | ||||||
Old Line Funding LLC |
1,000,000 | 999,999 | ||||||
Skandinaviska Enskilda Banken AB | ||||||||
5.680%, SOFR + 0.360%, 11/15/23 (d) |
1,000,000 | 1,000,270 | ||||||
5.700%, SOFR + 0.380%, 12/15/23 (d) |
2,000,000 | 2,000,800 | ||||||
UBS AG |
1,000,000 | 1,000,000 | ||||||
|
|
|||||||
6,001,289 | ||||||||
|
|
|||||||
Repurchase Agreements6.9% | ||||||||
Bank of Nova Scotia |
1,000,000 | 1,000,000 | ||||||
Cantor Fitzgerald & Co. |
14,000,000 | 14,000,000 | ||||||
Citigroup Global Markets, Inc. | ||||||||
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $1,401,489; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $1,428,035. |
1,400,000 | 1,400,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $2,010,928; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $2,040,146. |
2,000,000 | 2,000,000 |
BHFTI-141
Table of Contents
Brighthouse Funds Trust I
CBRE Global Real Estate Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (c)(Continued)
Security Description | Principal |
Value | ||||||
Repurchase Agreements(Continued) | ||||||||
Citigroup Global Markets, Inc. | ||||||||
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $2,060,331; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $2,125,943. |
2,000,000 | $ | 2,000,000 | |||||
ING Financial Markets LLC |
3,585,609 | 3,585,609 | ||||||
National Bank Financial, Inc. |
2,000,000 | 2,000,000 | ||||||
National Bank of Canada | ||||||||
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $3,503,621; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $3,586,729. |
3,500,000 | 3,500,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $8,008,478; collateralized by various Common Stock with an aggregate market value of $8,927,899. |
8,000,000 | 8,000,000 | ||||||
Natwest Markets Securities, Inc. |
20,000,000 | 20,000,000 | ||||||
Societe Generale |
300,000 | 300,000 | ||||||
TD Prime Services LLC |
3,000,000 | 3,000,000 | ||||||
|
|
|||||||
60,785,609 | ||||||||
|
|
|||||||
Time Deposits0.8% | ||||||||
Barclays (NY) |
2,000,000 | 2,000,000 | ||||||
Time Deposits(Continued) | ||||||||
First Abu Dhabi Bank USA NV |
5,000,000 | 5,000,000 | ||||||
|
|
|||||||
7,000,000 | ||||||||
|
|
|||||||
Mutual Funds2.6% | ||||||||
Dreyfus Treasury Obligations Cash Management Fund, |
12,000,000 | 12,000,000 | ||||||
Morgan Stanley Liquidity Funds Government Portfolio, |
1,000,000 | 1,000,000 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (e) |
10,000,000 | 10,000,000 | ||||||
|
|
|||||||
23,000,000 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
118,785,201 | |||||||
|
|
|||||||
Total Investments113.0% |
998,477,922 | |||||||
Other assets and liabilities (net)(13.0)% |
(114,536,254 | ) | ||||||
|
|
|||||||
Net Assets100.0% |
$ | 883,941,668 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
(a) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $141,740,927 and the collateral received consisted of cash in the amount of $118,758,767 and non-cash collateral with a value of $27,283,404. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
(b) | Non-income producing security. | |||
(c) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(d) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
(e) | The rate shown represents the annualized seven-day yield as of September 30, 2023. |
Ten Largest Industries as of September 30, 2023 (Unaudited) |
% of |
|||
Retail REITs |
21.6 | |||
Industrial REITs |
14.4 | |||
Self Storage REITs |
9.2 | |||
Multi-Family Residential REITs |
8.5 | |||
Health Care REITs |
7.8 | |||
Office REITs |
6.6 | |||
Real Estate Operating Companies |
5.5 | |||
Diversified REITs |
5.1 | |||
Data Center REITs |
4.4 | |||
Single-Family Residential REITs |
4.2 |
BHFTI-142
Table of Contents
Brighthouse Funds Trust I
CBRE Global Real Estate Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Glossary of Abbreviations
Index Abbreviations
(FEDEFF PRV) | Effective Federal Funds Rate | |||
(SOFR) | Secured Overnight Financing Rate | |||
Other Abbreviations
(REIT) | Real Estate Investment Trust |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
| |||||||||||||||
Australia |
$ | | $ | 34,613,621 | $ | | $ | 34,613,621 | ||||||||
Austria |
| 2,352,545 | | 2,352,545 | ||||||||||||
Belgium |
| 15,355,466 | | 15,355,466 | ||||||||||||
Canada |
18,995,047 | | | 18,995,047 | ||||||||||||
France |
| 28,292,623 | | 28,292,623 | ||||||||||||
Germany |
| 2,819,278 | | 2,819,278 | ||||||||||||
Hong Kong |
| 44,150,657 | | 44,150,657 | ||||||||||||
Japan |
| 82,497,425 | | 82,497,425 | ||||||||||||
Netherlands |
| 2,656,331 | | 2,656,331 | ||||||||||||
Singapore |
| 31,033,028 | | 31,033,028 | ||||||||||||
Spain |
| 4,087,054 | | 4,087,054 | ||||||||||||
Sweden |
| 8,888,725 | | 8,888,725 | ||||||||||||
Switzerland |
| 11,761,171 | | 11,761,171 | ||||||||||||
United Kingdom |
| 42,540,399 | | 42,540,399 | ||||||||||||
United States |
545,934,861 | | | 545,934,861 | ||||||||||||
Total Common Stocks |
564,929,908 | 311,048,323 | | 875,978,231 | ||||||||||||
Total Short-Term Investment* |
| 3,714,490 | | 3,714,490 | ||||||||||||
Securities Lending Reinvestments |
| |||||||||||||||
Certificates of Deposit |
| 21,998,303 | | 21,998,303 | ||||||||||||
Commercial Paper |
| 6,001,289 | | 6,001,289 | ||||||||||||
Repurchase Agreements |
| 60,785,609 | | 60,785,609 | ||||||||||||
Time Deposits |
| 7,000,000 | | 7,000,000 | ||||||||||||
Mutual Funds |
23,000,000 | | | 23,000,000 | ||||||||||||
Total Securities Lending Reinvestments |
23,000,000 | 95,785,201 | | 118,785,201 | ||||||||||||
Total Investments |
$ | 587,929,908 | $ | 410,548,014 | $ | | $ | 998,477,922 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (118,758,767 | ) | $ | | $ | (118,758,767 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
BHFTI-143
Table of Contents
Brighthouse Funds Trust I
Harris Oakmark International Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks95.4% of Net Assets
Security Description | Shares | Value | ||||||
Belgium1.6% | ||||||||
Anheuser-Busch InBev SA |
602,800 | $ | 33,195,069 | |||||
|
|
|||||||
Canada1.6% | ||||||||
Open Text Corp. |
980,686 | 34,418,775 | ||||||
|
|
|||||||
China4.0% | ||||||||
Alibaba Group Holding Ltd. (a)(b) |
3,226,400 | 34,978,677 | ||||||
Prosus NV (a) |
1,429,233 | 42,118,881 | ||||||
Vipshop Holdings Ltd. (a) |
496,355 | 7,946,643 | ||||||
|
|
|||||||
85,044,201 | ||||||||
|
|
|||||||
Denmark0.8% | ||||||||
DSV AS |
90,900 | 16,946,614 | ||||||
|
|
|||||||
France15.9% | ||||||||
Accor SA |
1,091,080 | 36,736,807 | ||||||
BNP Paribas SA |
1,076,875 | 68,557,031 | ||||||
Capgemini SE |
239,530 | 41,591,680 | ||||||
Danone SA |
495,100 | 27,277,987 | ||||||
Edenred |
330,128 | 20,626,500 | ||||||
Kering SA |
105,600 | 48,012,298 | ||||||
Publicis Groupe SA |
400,851 | 30,270,942 | ||||||
Valeo |
1,569,671 | 26,889,633 | ||||||
Worldline SA (a) |
1,400,600 | 39,164,013 | ||||||
|
|
|||||||
339,126,891 | ||||||||
|
|
|||||||
Germany26.4% | ||||||||
adidas AG |
164,107 | 28,893,316 | ||||||
Allianz SE |
209,100 | 49,862,293 | ||||||
Bayer AG |
1,144,660 | 54,977,920 | ||||||
Bayerische Motoren Werke (BMW) AG |
444,607 | 45,287,425 | ||||||
Brenntag SE |
331,400 | 25,734,906 | ||||||
Continental AG |
707,455 | 49,983,234 | ||||||
Daimler Truck Holding AG |
1,291,813 | 44,800,704 | ||||||
Fresenius Medical Care AG & Co. KGaA |
1,045,500 | 45,156,194 | ||||||
Fresenius SE & Co. KGaA |
1,642,923 | 51,213,661 | ||||||
Henkel AG & Co. KGaA |
383,055 | 24,189,401 | ||||||
Mercedes-Benz Group AG |
854,493 | 59,517,237 | ||||||
SAP SE |
237,285 | 30,801,019 | ||||||
Siemens AG |
238,100 | 34,134,801 | ||||||
ThyssenKrupp AG |
2,428,851 | 18,548,910 | ||||||
|
|
|||||||
563,101,021 | ||||||||
|
|
|||||||
Indonesia0.1% | ||||||||
Bank Mandiri Persero Tbk PT |
7,794,200 | 3,038,545 | ||||||
|
|
|||||||
Ireland1.8% | ||||||||
Ryanair Holdings PLC (ADR) (a) |
396,370 | 38,531,128 | ||||||
|
|
|||||||
Italy2.7% | ||||||||
Intesa Sanpaolo SpA |
22,672,700 | 58,264,225 | ||||||
|
|
|||||||
Japan3.5% | ||||||||
Fujitsu Ltd. |
247,900 | 29,167,115 | ||||||
Komatsu Ltd. (b) |
801,100 | 21,649,431 | ||||||
Japan(Continued) | ||||||||
Recruit Holdings Co. Ltd. |
742,200 | $ | 22,855,654 | |||||
|
|
|||||||
73,672,200 | ||||||||
|
|
|||||||
Luxembourg1.2% | ||||||||
Eurofins Scientific SE (b) |
444,979 | 25,089,029 | ||||||
|
|
|||||||
Netherlands2.7% | ||||||||
Akzo Nobel NV |
240,900 | 17,384,436 | ||||||
EXOR NV (b) |
441,352 | 39,122,797 | ||||||
|
|
|||||||
56,507,233 | ||||||||
|
|
|||||||
South Korea2.0% | ||||||||
NAVER Corp. |
287,100 | 42,843,349 | ||||||
|
|
|||||||
Spain1.4% | ||||||||
Amadeus IT Group SA |
498,500 | 30,041,452 | ||||||
|
|
|||||||
Sweden4.1% | ||||||||
Sandvik AB |
786,800 | 14,425,244 | ||||||
SKF AB - B Shares |
2,222,899 | 36,858,483 | ||||||
Volvo AB - B Shares |
1,714,573 | 35,293,883 | ||||||
|
|
|||||||
86,577,610 | ||||||||
|
|
|||||||
Switzerland8.2% | ||||||||
Cie Financiere Richemont SA - Class A |
111,013 | 13,526,095 | ||||||
Glencore PLC |
6,784,965 | 38,801,907 | ||||||
Holcim AG (a) |
518,840 | 33,219,010 | ||||||
Novartis AG |
272,100 | 27,766,152 | ||||||
Roche Holding AG |
100,000 | 27,276,518 | ||||||
Schindler Holding AG (Participation Certificate) |
75,856 | 15,119,979 | ||||||
Swatch Group AG - Bearer Shares |
78,377 | 20,095,172 | ||||||
|
|
|||||||
175,804,833 | ||||||||
|
|
|||||||
United Kingdom17.4% | ||||||||
Ashtead Group PLC |
327,700 | 19,918,456 | ||||||
Bunzl PLC |
36,800 | 1,306,129 | ||||||
CNH Industrial NV |
4,891,669 | 59,260,921 | ||||||
Compass Group PLC |
647,300 | 15,769,351 | ||||||
Informa PLC |
1,704,100 | 15,528,373 | ||||||
Liberty Global PLC - Class A (a) |
1,423,500 | 24,370,320 | ||||||
Lloyds Banking Group PLC |
148,713,800 | 80,077,248 | ||||||
Prudential PLC |
4,417,162 | 47,564,536 | ||||||
Reckitt Benckiser Group PLC |
305,100 | 21,561,536 | ||||||
Schroders PLC |
8,301,941 | 41,032,640 | ||||||
Smiths Group PLC |
555,909 | 10,953,474 | ||||||
WPP PLC |
3,774,994 | 33,642,117 | ||||||
|
|
|||||||
370,985,101 | ||||||||
|
|
|||||||
Total Common Stocks |
2,033,187,276 | |||||||
|
|
|||||||
Preferred Stock1.7% |
| |||||||
South Korea1.7% | ||||||||
Samsung Electronics Co. Ltd. |
874,800 | 35,317,994 | ||||||
|
|
BHFTI-144
Table of Contents
Brighthouse Funds Trust I
Harris Oakmark International Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Short-Term Investment 2.8%
Security Description | Principal Amount* |
Value | ||||||
Repurchase Agreement2.8% | ||||||||
Fixed Income Clearing Corp. |
58,961,257 | $ | 58,961,257 | |||||
|
|
|||||||
Total Short-Term Investments |
58,961,257 | |||||||
|
|
|||||||
Securities Lending Reinvestments(c)1.9% |
| |||||||
Repurchase Agreements0.3% | ||||||||
Cantor Fitzgerald & Co. |
2,000,000 | 2,000,000 | ||||||
Citigroup Global Markets, Inc. |
800,000 | 800,000 | ||||||
ING Financial Markets LLC |
4,173,032 | 4,173,032 | ||||||
National Bank Financial, Inc. |
34,948 | 34,948 | ||||||
National Bank of Canada |
35,457 | 35,457 | ||||||
Societe Generale |
8,402 | 8,402 | ||||||
|
|
|||||||
7,051,839 | ||||||||
|
|
|||||||
Mutual Funds1.6% | ||||||||
BlackRock Liquidity Funds FedFund, |
6,000,000 | $ | 6,000,000 | |||||
Dreyfus Treasury Obligations Cash Management Fund, |
6,000,000 | 6,000,000 | ||||||
Goldman Sachs Financial Square Government Fund, |
7,000,000 | 7,000,000 | ||||||
HSBC U.S. Government Money Market Fund, |
100,000 | 100,000 | ||||||
Morgan Stanley Liquidity Funds Government Portfolio, |
4,000,000 | 4,000,000 | ||||||
RBC U.S. Government Money Market Fund, |
100,000 | 100,000 | ||||||
State Street Institutional U.S. Government Money Market Fund, |
6,000,000 | 6,000,000 | ||||||
STIT-Government & Agency Portfolio, Institutional |
6,000,000 | 6,000,000 | ||||||
|
|
|||||||
35,200,000 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
42,251,839 | |||||||
|
|
|||||||
Total Investments101.8% |
2,169,718,366 | |||||||
Other assets and liabilities (net)(1.8)% |
(38,893,283 | ) | ||||||
|
|
|||||||
Net Assets100.0% |
$ | 2,130,825,083 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
(a) | Non-income producing security. | |||
(b) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $43,744,297 and the collateral received consisted of cash in the amount of $42,251,839 and non-cash collateral with a value of $3,679,279. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third- party custodian, and cannot be sold or repledged by the Portfolio. | |||
(c) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(d) | The rate shown represents the annualized seven-day yield as of September 30, 2023. |
Ten Largest Industries as of September 30, 2023 (Unaudited) |
% of |
|||
Machinery |
10.7 | |||
Banks |
9.8 | |||
Textiles, Apparel & Luxury Goods |
5.2 | |||
Pharmaceuticals |
5.2 | |||
Automobiles |
4.9 | |||
Financial Services |
4.6 | |||
Insurance |
4.6 | |||
Health Care Providers & Services |
4.5 | |||
Broadline Retail |
4.0 | |||
Hotels, Restaurants & Leisure |
3.9 |
BHFTI-145
Table of Contents
Brighthouse Funds Trust I
Harris Oakmark International Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Glossary of Abbreviations
Other Abbreviations
(ADR) | American Depositary Receipt |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | ||||||||||||||||
Belgium |
$ | | $ | 33,195,069 | $ | | $ | 33,195,069 | ||||||||
Canada |
34,418,775 | | | 34,418,775 | ||||||||||||
China |
7,946,643 | 77,097,558 | | 85,044,201 | ||||||||||||
Denmark |
| 16,946,614 | | 16,946,614 | ||||||||||||
France |
| 339,126,891 | | 339,126,891 | ||||||||||||
Germany |
| 563,101,021 | | 563,101,021 | ||||||||||||
Indonesia |
| 3,038,545 | | 3,038,545 | ||||||||||||
Ireland |
38,531,128 | | | 38,531,128 | ||||||||||||
Italy |
| 58,264,225 | | 58,264,225 | ||||||||||||
Japan |
| 73,672,200 | | 73,672,200 | ||||||||||||
Luxembourg |
| 25,089,029 | | 25,089,029 | ||||||||||||
Netherlands |
| 56,507,233 | | 56,507,233 | ||||||||||||
South Korea |
| 42,843,349 | | 42,843,349 | ||||||||||||
Spain |
| 30,041,452 | | 30,041,452 | ||||||||||||
Sweden |
| 86,577,610 | | 86,577,610 | ||||||||||||
Switzerland |
| 175,804,833 | | 175,804,833 | ||||||||||||
United Kingdom |
24,370,320 | 346,614,781 | | 370,985,101 | ||||||||||||
Total Common Stocks |
105,266,866 | 1,927,920,410 | | 2,033,187,276 | ||||||||||||
Total Preferred Stock* |
| 35,317,994 | | 35,317,994 | ||||||||||||
Total Short-Term Investment* |
| 58,961,257 | | 58,961,257 | ||||||||||||
Securities Lending Reinvestments | ||||||||||||||||
Repurchase Agreements |
| 7,051,839 | | 7,051,839 | ||||||||||||
Mutual Funds |
35,200,000 | | | 35,200,000 | ||||||||||||
Total Securities Lending Reinvestments |
35,200,000 | 7,051,839 | | 42,251,839 | ||||||||||||
Total Investments |
$ | 140,466,866 | $ | 2,029,251,500 | $ | | $ | 2,169,718,366 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (42,251,839 | ) | $ | | $ | (42,251,839 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
BHFTI-146
Table of Contents
Brighthouse Funds Trust I
Invesco Balanced-Risk Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies5.4% of Net Assets
Security Description | Principal Amount* |
Value | ||||||
U.S. Treasury5.4% | ||||||||
U.S. Treasury Floating Rate Notes |
30,700,000 | $ | 30,690,424 | |||||
5.440%, 3M USTBMM + 0.037%, 07/31/24 (a) |
29,400,000 | 29,406,423 | ||||||
|
|
|||||||
Total U.S. Treasury & Government Agencies |
60,096,847 | |||||||
|
|
|||||||
Corporate Bonds & Notes1.6% |
| |||||||
Commercial Services1.6% | ||||||||
Altoona-Blair County Development Corp. |
17,850,000 | 17,850,000 | ||||||
|
|
|||||||
Municipals0.9% |
| |||||||
New York State Housing Finance Agency |
9,800,000 | 9,800,000 | ||||||
|
|
|||||||
Short-Term Investments87.9% |
| |||||||
Certificate of Deposit11.4% | ||||||||
Citibank N.A. |
5,000,000 | 5,000,844 | ||||||
Korea Development Bank |
25,000,000 | 25,005,969 | ||||||
Mizuho Bank Ltd. |
10,000,000 | 10,003,274 | ||||||
MUFG Bank Ltd. | ||||||||
5.740%, SOFR + 0.430%, 11/08/23 (a) |
15,000,000 | 15,004,224 | ||||||
5.760%, SOFR + 0.450%, 01/05/24 (a) |
15,500,000 | 15,509,472 | ||||||
Oversea-Chinese Banking Corp. Ltd. |
20,000,000 | 20,006,755 | ||||||
Sumitomo Mitsui Trust Bank Ltd. |
||||||||
5.580%, 12/04/23 |
10,000,000 | 10,001,250 | ||||||
5.600%, 11/27/23 |
5,000,000 | 5,000,941 | ||||||
5.600%, SOFR + 0.290%, 10/23/23 (a) |
10,000,000 | 10,000,660 | ||||||
Svenska Handelsbanken AB |
10,000,000 | 9,996,502 | ||||||
|
|
|||||||
125,529,891 | ||||||||
|
|
|||||||
Commercial Paper51.0% | ||||||||
Anglesea Funding LLC |
15,000,000 | 15,000,000 | ||||||
Banque et Caisse dEpargne de lEtat |
3,375,000 | 3,307,932 | ||||||
Barclays Bank PLC |
12,500,000 | 12,242,451 | ||||||
Britannia Funding Co. LLC |
10,000,000 | 9,942,799 | ||||||
Caisse des Depots et Consignations |
20,000,000 | 19,898,793 | ||||||
CDP Financial, Inc. |
||||||||
5.098%, 10/17/23 (b) |
5,500,000 | 5,485,332 | ||||||
6.120%, SOFR + 0.800%, 11/01/23 (144A) (a) |
25,000,000 | 25,013,648 | ||||||
Commercial Paper(Continued) | ||||||||
Collateralized Commercial Paper V Co LLC |
15,000,000 | 15,005,040 | ||||||
Dexia Credit Local SA |
20,000,000 | 19,620,216 | ||||||
Export Development Canada |
||||||||
4.973%, 11/10/23 (b) |
10,000,000 | 9,937,420 | ||||||
5.216%, 10/24/23 (b) |
12,000,000 | 11,955,742 | ||||||
Fairway Finance Co. LLC |
10,000,000 | 9,730,629 | ||||||
FMS Wertmanagement |
33,450,000 | 33,246,492 | ||||||
Goldman Sachs International |
||||||||
5.508%, 11/27/23 (b) |
11,000,000 | 10,901,965 | ||||||
5.618%, 12/27/23 (b) |
15,000,000 | 14,797,191 | ||||||
Halkin Finance LLC |
15,000,000 | 14,991,115 | ||||||
JP Morgan Securities LLC |
8,000,000 | 7,961,376 | ||||||
LOreal SA |
||||||||
5.351%, 11/21/23 (144A) (b) |
8,500,000 | 8,433,151 | ||||||
5.427%, 12/06/23 (b) |
20,500,000 | 20,291,752 | ||||||
Lexington Parker Capital Co. LLC |
15,000,000 | 15,001,305 | ||||||
LMA-Americas LLC |
15,600,000 | 15,148,318 | ||||||
LVMH Moet Hennessy Louis Vuitton SE |
20,000,000 | 19,923,112 | ||||||
LVMH Moet Hennessy Louis Vuitton, Inc. |
15,000,000 | 14,846,303 | ||||||
Microsoft Corp. |
29,000,000 | 28,849,949 | ||||||
Nestle Finance International Ltd. |
20,000,000 | 19,941,867 | ||||||
Nordea Bank Abp |
10,000,000 | 9,881,578 | ||||||
Old Line Funding LLC |
30,000,000 | 30,007,890 | ||||||
PACCAR Financial Corp. |
7,000,000 | 6,986,509 | ||||||
Pacific Life Short Term Funding LLC |
||||||||
3.665%, 10/03/23 (144A) (b) |
10,000,000 | 9,994,099 | ||||||
5.245%, 10/20/23 (b) |
14,000,000 | 13,956,406 | ||||||
5.469%, 11/20/23 (b) |
9,200,000 | 9,128,227 | ||||||
Procter & Gamble Co. |
30,000,000 | 29,741,000 | ||||||
Sanofi |
6,288,000 | 6,275,035 | ||||||
Santander U.K. PLC |
10,000,000 | 9,849,434 | ||||||
Toyota Finance Australia Ltd. |
15,000,000 | 14,883,455 | ||||||
Toyota Motor Credit Corp. |
14,500,000 | 14,261,915 | ||||||
Walmart, Inc. |
||||||||
5.217%, 10/30/23 (144A) (b) |
20,000,000 | 19,908,378 | ||||||
5.291%, 11/07/23 (144A) (b) |
7,000,000 | 6,959,634 | ||||||
|
|
|||||||
563,307,458 | ||||||||
|
|
BHFTI-147
Table of Contents
Brighthouse Funds Trust I
Invesco Balanced-Risk Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Short-Term Investments(Continued)
Security Description | Shares/ Principal Amount* |
Value | ||||||
Mutual Funds21.4% | ||||||||
Invesco U.S. Dollar Liquidity Portfolio, Agency Class |
191,986,777 | $ | 191,986,777 | |||||
STIT-Government & Agency Portfolio, Institutional Class |
27,128,987 | 27,128,987 | ||||||
STIT-Treasury Portfolio, Institutional Class 5.260% (c) (d) |
17,316,182 | 17,316,182 | ||||||
|
|
|||||||
236,431,946 | ||||||||
|
|
|||||||
U.S. Treasury4.1% | ||||||||
U.S. Treasury Bills |
||||||||
3.560%, 10/03/23 (b) |
21,000,000 | 20,996,931 | ||||||
4.537%, 01/25/24 (b) |
24,300,000 | 23,887,617 | ||||||
|
|
|||||||
44,884,548 | ||||||||
|
|
|||||||
Total Short-Term Investments |
970,153,843 | |||||||
|
|
|||||||
Total Investments95.8% |
1,057,900,690 | |||||||
Other assets and liabilities (net)4.2% |
46,570,327 | |||||||
|
|
|||||||
Net Assets100.0% | $ | 1,104,471,017 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
(a) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
(b) | The rate shown represents current yield to maturity. | |||
(c) | The rate shown represents the annualized seven-day yield as of September 30, 2023. | |||
(d) | Affiliated Issuer. | |||
(144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $286,578,070, which is 25.9% of net assets. |
Futures Contracts
Futures ContractsLong |
Expiration Date |
Number of Contracts |
Notional Amount |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
Australian 10 Year Treasury Bond Futures |
12/15/23 | 973 | AUD | 108,949,515 | $ | (1,824,700 | ) | |||||||||||||
Brent Crude Oil Futures |
11/30/23 | 217 | USD | 19,608,120 | 461,284 | |||||||||||||||
Canada Government Bond 10 Year Futures |
12/18/23 | 855 | CAD | 98,436,150 | (1,722,776 | ) | ||||||||||||||
Euro STOXX 50 Index Futures |
12/15/23 | 1,050 | EUR | 44,142,000 | (810,492 | ) | ||||||||||||||
Euro-Bund Futures |
12/07/23 | 836 | EUR | 107,543,040 | (2,272,516 | ) | ||||||||||||||
FTSE 100 Index Futures |
12/15/23 | 485 | GBP | 37,204,350 | 634,019 | |||||||||||||||
Japanese Government 10 Year Bond Futures |
12/13/23 | 164 | JPY | 23,773,440,000 | (1,220,876 | ) | ||||||||||||||
MSCI Emerging Markets Index Mini Futures |
12/15/23 | 1,155 | USD | 55,180,125 | (1,704,098 | ) | ||||||||||||||
New York Harbor ULSD Futures |
11/30/23 | 186 | USD | 24,668,734 | 5,949,075 | |||||||||||||||
RBOB Gasoline Futures |
10/31/23 | 230 | USD | 23,179,170 | (2,077,785 | ) | ||||||||||||||
Russell 2000 Index E-Mini Futures |
12/15/23 | 632 | USD | 56,835,760 | (2,406,383 | ) | ||||||||||||||
S&P 500 Index E-Mini Futures |
12/15/23 | 135 | USD | 29,197,125 | (1,214,876 | ) | ||||||||||||||
Silver Futures |
12/27/23 | 124 | USD | 13,919,000 | (413,719 | ) | ||||||||||||||
TOPIX Index Futures |
12/07/23 | 574 | JPY | 13,336,890,000 | (1,288,707 | ) | ||||||||||||||
U.S. Treasury Long Bond Futures |
12/19/23 | 627 | USD | 71,340,844 | (3,608,408 | ) | ||||||||||||||
United Kingdom Long Gilt Bond Futures |
12/27/23 | 593 | GBP | 55,836,880 | (211,927 | ) | ||||||||||||||
WTI Light Sweet Crude Oil Futures |
11/20/23 | 130 | USD | 11,544,000 | 598,548 | |||||||||||||||
|
|
|||||||||||||||||||
Net Unrealized Depreciation |
|
$ | (13,134,337 | ) | ||||||||||||||||
|
|
BHFTI-148
Table of Contents
Brighthouse Funds Trust I
Invesco Balanced-Risk Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Swap Agreements
OTC Total Return Swaps
Pay/Receive Fixed Rate |
Fixed Rate |
Payment Frequency |
Maturity Date |
Counterparty | Underlying Reference Instrument |
Notional Amount |
Market Value |
Upfront Premium Paid/ (Received) |
Unrealized Appreciation/ (Depreciation)(1) |
|||||||||||||||||||
Pay |
0.170% | Monthly | 06/20/24 | BBP | Barclays Copper Excess Return Index | USD | 15,675,641 | $ | (276,507 | ) | $ | | $ | (276,507 | ) | |||||||||||||
Pay |
0.190% | Monthly | 02/21/24 | BBP | Barclays Soybeans Seasonal Excess Return Index | USD | 7,860,689 | (382,699 | ) | | (382,699 | ) | ||||||||||||||||
Pay |
0.190% | Monthly | 02/21/24 | BBP | Barclays Soymeal Seasonal Excess Return Index | USD | 6,236,043 | (173,368 | ) | | (173,368 | ) | ||||||||||||||||
Pay |
0.270% | Monthly | 02/06/24 | CIBC | CIBC Dynamic Roll LME Copper Excess Return Index | USD | 22,707,381 | (204,173 | ) | | (204,173 | ) | ||||||||||||||||
Pay |
0.280% | Monthly | 02/21/24 | CIBC | CIBC Seasonal Enhanced Cotton Index | USD | 6,688,386 | (48,003 | ) | | (48,003 | ) | ||||||||||||||||
Pay |
0.260% | Monthly | 02/21/24 | CIBC | CIBC Seasonally Enhanced Soybean Oil Index | USD | 1,251,585 | (96,610 | ) | | (96,610 | ) | ||||||||||||||||
Pay |
0.140% | Monthly | 02/21/24 | CIBC | CIBC Soymeal Commodity Index | USD | 9,371,025 | (548,516 | ) | | (548,516 | ) | ||||||||||||||||
Pay |
0.200% | Monthly | 07/03/24 | CG | Cargill Coffee Front Index | USD | 476,327 | (23,692 | ) | | (23,692 | ) | ||||||||||||||||
Pay |
0.210% | Monthly | 08/01/24 | CG | Cargill Lean Hogs Index | USD | 11,968 | (430 | ) | | (430 | ) | ||||||||||||||||
Pay |
0.210% | Monthly | 08/01/24 | CG | Cargill Live Cattle Index | USD | 21,023 | 161 | | 161 | ||||||||||||||||||
Pay |
0.240% | Monthly | 02/21/24 | CG | Cargill Soybean Oil Index | USD | 8,043,034 | (844,539 | ) | | (844,539 | ) | ||||||||||||||||
Pay |
0.200% | Monthly | 02/21/24 | CG | Cargill Sugar Index 2 | USD | 13,933,755 | 5,256 | | 5,256 | ||||||||||||||||||
Pay |
0.220% | Monthly | 07/03/24 | CG | Cargill Wheat Index | USD | 865,157 | (95,893 | ) | | (95,893 | ) | ||||||||||||||||
Pay |
0.250% | Monthly | 02/21/24 | GSI | S&P GSCI Soybean Oil Excess Return Index | USD | 7,820,468 | (636,914 | ) | | (636,914 | ) | ||||||||||||||||
Pay |
0.140% | Monthly | 02/21/24 | GSI | S&P GSCI Soybeans Excess Return Strategy Index | USD | 4,647,758 | (268,124 | ) | | (268,124 | ) | ||||||||||||||||
Pay |
0.250% | Monthly | 02/06/24 | JPMC | JPMorgan Contag Gas Oil Excess Return Index | USD | 23,355,678 | 345,251 | | 345,251 | ||||||||||||||||||
Pay |
0.090% | Monthly | 11/01/23 | JPMC | S&P GSCI Gold Official Close Index | USD | 16,028,189 | (654,922 | ) | | (654,922 | ) | ||||||||||||||||
Pay |
0.300% | Monthly | 02/08/24 | MBL | Macquarie Dynamic Roll Aluminum Excess Return Index | USD | 16,150,665 | 738,081 | | 738,081 | ||||||||||||||||||
Pay |
0.170% | Monthly | 02/21/24 | MBL | Macquarie Soymeal Excess Return Index | USD | 9,036,643 | (199,370 | ) | | (199,370 | ) | ||||||||||||||||
Pay |
0.120% | Monthly | 02/21/24 | MLI | Merrill Lynch Corn Excess Return Strategy Index | USD | 4,528,885 | | | | ||||||||||||||||||
Pay |
0.180% | Monthly | 02/21/24 | MLI | Merrill Lynch Cotton Excess Return Strategy Index | USD | 6,718,130 | | | | ||||||||||||||||||
Pay |
0.120% | Monthly | 07/03/24 | MLI | Merrill Lynch Gold Excess Return Index | USD | 9,621,178 | | | | ||||||||||||||||||
Pay |
0.250% | Monthly | 06/24/24 | MLI | MLCX Natural Gas Excess Return Index | USD | 3,597,931 | | | | ||||||||||||||||||
Pay |
0.280% | Monthly | 09/25/24 | MLI | MLCX Aluminum Excess Return Strategy | USD | 167,445 | 8,882 | | 8,882 | ||||||||||||||||||
Pay |
0.300% | Monthly | 07/08/24 | MSCS | S&P GSCI Aluminum Dynamic Roll Index | USD | 15,970,223 | 831,427 | | 831,427 | ||||||||||||||||||
Pay |
0.280% | Monthly | 02/21/24 | RBC | RBC Enhanced Cotton Excess Return Index | USD | 6,381,785 | | | | ||||||||||||||||||
Pay |
0.180% | Monthly | 02/21/24 | RBC | RBC Enhanced Soybean Excess Return Index | USD | 7,644,257 | | | | ||||||||||||||||||
Pay |
0.200% | Monthly | 02/21/24 | RBC | RBC Enhanced Sugar Excess Return Index | USD | 3,702,617 | | | | ||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||
Totals |
|
$ | (2,524,702 | ) | $ | | $ | (2,524,702 | ) | |||||||||||||||||||
|
|
|
|
|
|
(1) | There were no upfront premiums paid or (received), therefore Market Value equals Unrealized Appreciation/(Depreciation). |
Cash in the amount of $710,000 has been received at the custodian bank and held in a segregated account as collateral for OTC swap contracts.
Glossary of Abbreviations
Counterparties
(BBP) | Barclays Bank PLC | |||
(CG) | Cargill, Inc. | |||
(CIBC) | Canadian Imperial Bank of Commerce | |||
(GSI) | Goldman Sachs International | |||
(JPMC) | JPMorgan Chase Bank N.A. | |||
(MBL) | Macquarie Bank Ltd. | |||
(MLI) | Merrill Lynch International | |||
(MSCS) | Morgan Stanley Capital Services LLC | |||
(RBC) | Royal Bank of Canada |
Currencies
(AUD) | Australian Dollar | |||
(CAD) | Canadian Dollar | |||
(EUR) | Euro | |||
(GBP) | British Pound | |||
(JPY) | Japanese Yen | |||
(USD) | United States Dollar |
Index Abbreviations
(FEDL01) | Federal Funds Rate | |||
(OBFR) | U.S. Overnight Bank Funding Rate | |||
(SOFR) | Secured Overnight Financing Rate | |||
(USTBMM) | U.S. Treasury Bill Money Market Yield |
BHFTI-149
Table of Contents
Brighthouse Funds Trust I
Invesco Balanced-Risk Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Total U.S. Treasury & Government Agencies* |
$ | | $ | 60,096,847 | $ | | $ | 60,096,847 | ||||||||
Total Corporate Bonds & Notes* |
| 17,850,000 | | 17,850,000 | ||||||||||||
Total Municipals* |
| 9,800,000 | | 9,800,000 | ||||||||||||
Short-Term Investments |
| |||||||||||||||
Certificate of Deposit |
| 125,529,891 | | 125,529,891 | ||||||||||||
Commercial Paper |
| 563,307,458 | | 563,307,458 | ||||||||||||
Mutual Funds |
236,431,946 | | | 236,431,946 | ||||||||||||
U.S. Treasury |
| 44,884,548 | | 44,884,548 | ||||||||||||
Total Short-Term Investments |
236,431,946 | 733,721,897 | | 970,153,843 | ||||||||||||
Total Investments |
$ | 236,431,946 | $ | 821,468,744 | $ | | $ | 1,057,900,690 | ||||||||
Futures Contracts |
| |||||||||||||||
Futures Contracts (Unrealized Appreciation) |
$ | 7,642,926 | $ | | $ | | $ | 7,642,926 | ||||||||
Futures Contracts (Unrealized Depreciation) |
(20,777,263 | ) | | | (20,777,263 | ) | ||||||||||
Total Futures Contracts |
$ | (13,134,337 | ) | $ | | $ | | $ | (13,134,337 | ) | ||||||
OTC Swap Contracts |
| |||||||||||||||
OTC Swap Contracts at Value (Assets) |
$ | | $ | 1,929,058 | $ | | $ | 1,929,058 | ||||||||
OTC Swap Contracts at Value (Liabilities) |
| (4,453,760 | ) | | (4,453,760 | ) | ||||||||||
Total OTC Swap Contracts |
$ | | $ | (2,524,702 | ) | $ | | $ | (2,524,702 | ) |
* | See Consolidated Schedule of Investments for additional detailed categorizations. |
BHFTI-150
Table of Contents
Brighthouse Funds Trust I
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks97.0% of Net Assets
Security Description | Shares | Value | ||||||
Aerospace & Defense1.1% | ||||||||
Textron, Inc. |
251,636 | $ | 19,662,837 | |||||
|
|
|||||||
Air Freight & Logistics2.0% | ||||||||
FedEx Corp. |
137,901 | 36,532,733 | ||||||
|
|
|||||||
Automobiles1.5% | ||||||||
General Motors Co. |
812,348 | 26,783,114 | ||||||
|
|
|||||||
Banks11.0% | ||||||||
Bank of America Corp. |
1,435,793 | 39,312,012 | ||||||
Citigroup, Inc. |
484,825 | 19,940,852 | ||||||
Citizens Financial Group, Inc. |
616,591 | 16,524,639 | ||||||
Fifth Third Bancorp |
732,643 | 18,557,847 | ||||||
Huntington Bancshares, Inc. |
1,733,275 | 18,026,060 | ||||||
JPMorgan Chase & Co. |
170,009 | 24,654,705 | ||||||
M&T Bank Corp. |
130,210 | 16,465,055 | ||||||
Wells Fargo & Co. |
1,090,775 | 44,569,067 | ||||||
|
|
|||||||
198,050,237 | ||||||||
|
|
|||||||
Beverages1.6% | ||||||||
Coca-Cola Co. |
189,028 | 10,581,787 | ||||||
Keurig Dr Pepper, Inc. |
562,249 | 17,750,201 | ||||||
|
|
|||||||
28,331,988 | ||||||||
|
|
|||||||
Biotechnology0.3% | ||||||||
AbbVie, Inc. |
35,044 | 5,223,659 | ||||||
|
|
|||||||
Broadline Retail0.8% | ||||||||
eBay, Inc. |
337,027 | 14,859,520 | ||||||
|
|
|||||||
Building Products1.7% | ||||||||
Johnson Controls International PLC (a) |
576,272 | 30,663,433 | ||||||
|
|
|||||||
Capital Markets3.5% | ||||||||
Goldman Sachs Group, Inc. |
71,041 | 22,986,737 | ||||||
Morgan Stanley |
97,888 | 7,994,513 | ||||||
State Street Corp. |
486,592 | 32,582,200 | ||||||
|
|
|||||||
63,563,450 | ||||||||
|
|
|||||||
Chemicals1.3% | ||||||||
CF Industries Holdings, Inc. |
270,326 | 23,177,751 | ||||||
|
|
|||||||
Communications Equipment3.4% | ||||||||
Cisco Systems, Inc. |
692,176 | 37,211,382 | ||||||
F5, Inc. (b) |
149,111 | 24,027,746 | ||||||
|
|
|||||||
61,239,128 | ||||||||
|
|
|||||||
Consumer Staples Distribution & Retail0.9% | ||||||||
Sysco Corp. |
252,005 | 16,644,930 | ||||||
|
|
|||||||
Containers & Packaging1.5% | ||||||||
International Paper Co. |
743,534 | 26,373,151 | ||||||
|
|
|||||||
Electrical Equipment3.2% | ||||||||
Eaton Corp. PLC |
126,452 | 26,969,683 | ||||||
Emerson Electric Co. |
328,397 | 31,713,298 | ||||||
|
|
|||||||
58,682,981 | ||||||||
|
|
|||||||
Entertainment1.3% | ||||||||
Walt Disney Co. (b) |
187,715 | 15,214,301 | ||||||
Warner Bros Discovery, Inc. (b) |
750,678 | 8,152,363 | ||||||
|
|
|||||||
23,366,664 | ||||||||
|
|
|||||||
Food Products1.4% | ||||||||
Kraft Heinz Co. (a) |
583,529 | 19,629,916 | ||||||
Tyson Foods, Inc. - Class A |
125,274 | 6,325,084 | ||||||
|
|
|||||||
25,955,000 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies3.1% | ||||||||
Baxter International, Inc. |
289,856 | 10,939,165 | ||||||
Becton Dickinson & Co. |
67,743 | 17,513,598 | ||||||
Dentsply Sirona, Inc. |
237,353 | 8,107,978 | ||||||
Medtronic PLC |
238,152 | 18,661,591 | ||||||
|
|
|||||||
55,222,332 | ||||||||
|
|
|||||||
Health Care Providers & Services6.7% | ||||||||
CVS Health Corp. |
432,058 | 30,166,290 | ||||||
Elevance Health, Inc. |
87,375 | 38,044,822 | ||||||
Henry Schein, Inc. (b) |
271,151 | 20,132,962 | ||||||
Humana, Inc. |
33,641 | 16,367,019 | ||||||
Universal Health Services, Inc. - Class B |
130,712 | 16,434,420 | ||||||
|
|
|||||||
121,145,513 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure2.4% | ||||||||
Booking Holdings, Inc. (b) |
2,268 | 6,994,399 | ||||||
Las Vegas Sands Corp. |
440,824 | 20,207,372 | ||||||
Starbucks Corp. |
169,031 | 15,427,459 | ||||||
|
|
|||||||
42,629,230 | ||||||||
|
|
|||||||
Household Products1.2% | ||||||||
Kimberly-Clark Corp. |
185,431 | 22,409,336 | ||||||
|
|
|||||||
Industrial Conglomerates1.2% | ||||||||
General Electric Co. |
194,179 | 21,466,489 | ||||||
|
|
|||||||
Insurance3.0% | ||||||||
Allstate Corp. |
131,383 | 14,637,380 | ||||||
American International Group, Inc. |
663,718 | 40,221,311 | ||||||
|
|
|||||||
54,858,691 | ||||||||
|
|
|||||||
Interactive Media & Services4.2% | ||||||||
Alphabet, Inc. - Class A (b) |
232,506 | 30,425,735 | ||||||
Meta Platforms, Inc. - Class A (b) |
150,190 | 45,088,540 | ||||||
|
|
|||||||
75,514,275 | ||||||||
|
|
BHFTI-151
Table of Contents
Brighthouse Funds Trust I
Invesco Comstock Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares |
Value | ||||||
IT Services2.4% | ||||||||
Cognizant Technology Solutions Corp. - Class A |
365,679 | $ | 24,771,095 | |||||
DXC Technology Co. (b) |
878,289 | 18,294,760 | ||||||
|
|
|||||||
43,065,855 | ||||||||
|
|
|||||||
Machinery2.9% | ||||||||
Caterpillar, Inc. |
105,589 | 28,825,797 | ||||||
Westinghouse Air Brake Technologies Corp. |
230,670 | 24,513,301 | ||||||
|
|
|||||||
53,339,098 | ||||||||
|
|
|||||||
Media1.6% | ||||||||
Charter Communications, Inc. - Class A (b) |
12,616 | 5,548,769 | ||||||
Comcast Corp. - Class A |
511,629 | 22,685,630 | ||||||
|
|
|||||||
28,234,399 | ||||||||
|
|
|||||||
Multi-Utilities1.3% | ||||||||
Dominion Energy, Inc. (a) |
526,951 | 23,538,901 | ||||||
|
|
|||||||
Oil, Gas & Consumable Fuels11.9% | ||||||||
Cheniere Energy, Inc. |
85,175 | 14,135,643 | ||||||
Chevron Corp. |
279,253 | 47,087,641 | ||||||
ConocoPhillips |
224,472 | 26,891,746 | ||||||
Exxon Mobil Corp. |
208,639 | 24,531,774 | ||||||
Hess Corp. |
120,828 | 18,486,684 | ||||||
Marathon Oil Corp. |
783,058 | 20,946,801 | ||||||
Pioneer Natural Resources Co. |
69,521 | 15,958,545 | ||||||
Shell PLC (ADR) |
115,342 | 7,425,718 | ||||||
Suncor Energy, Inc. |
1,122,932 | 38,606,402 | ||||||
|
|
|||||||
214,070,954 | ||||||||
|
|
|||||||
Personal Care Products0.9% | ||||||||
Haleon PLC |
3,998,154 | 16,590,599 | ||||||
|
|
|||||||
Pharmaceuticals6.1% | ||||||||
Bristol-Myers Squibb Co. (a) |
316,530 | 18,371,401 | ||||||
Johnson & Johnson |
179,159 | 27,904,014 | ||||||
Merck & Co., Inc. |
289,939 | 29,849,220 | ||||||
Sanofi (ADR) |
629,584 | 33,770,886 | ||||||
|
|
|||||||
109,895,521 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment4.5% | ||||||||
Intel Corp. |
670,580 | 23,839,119 | ||||||
NXP Semiconductors NV |
158,291 | 31,645,537 | ||||||
QUALCOMM, Inc. |
240,419 | 26,700,934 | ||||||
|
|
|||||||
82,185,590 | ||||||||
|
|
|||||||
Software2.3% | ||||||||
Microsoft Corp. |
128,969 | 40,721,962 | ||||||
|
|
|||||||
Specialized REITs0.3% | ||||||||
SBA Communications Corp. |
28,628 | 5,730,467 | ||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods0.6% | ||||||||
Ralph Lauren Corp. |
91,861 | 10,664,144 | ||||||
|
|
|||||||
Tobacco2.6% | ||||||||
Philip Morris International, Inc. |
505,752 | 46,822,520 | ||||||
|
|
|||||||
Wireless Telecommunication Services1.3% | ||||||||
T-Mobile U.S., Inc. (a) (b) |
163,320 | 22,872,966 | ||||||
|
|
|||||||
Total Common Stocks |
1,750,089,418 | |||||||
|
|
|||||||
Short-Term Investment2.7% |
| |||||||
Repurchase Agreement2.7% | ||||||||
Fixed Income Clearing Corp. |
47,737,672 | 47,737,672 | ||||||
|
|
|||||||
Total Short-Term Investments |
47,737,672 | |||||||
|
|
|||||||
Total Investments99.7% |
1,797,827,090 | |||||||
Other assets and liabilities (net)0.3% |
6,003,014 | |||||||
|
|
|||||||
Net Assets100.0% | $ | 1,803,830,104 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
(a) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $13,381,342 and the collateral received consisted of non-cash collateral with a value of $13,665,360. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
(b) | Non-income producing security. |
BHFTI-152
Table of Contents
Brighthouse Funds Trust I
Invesco Comstock Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Forward Foreign Currency Exchange Contracts
Contracts to Deliver |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation |
||||||||||||||||||
CAD | 25,656,553 | DBAG |
10/27/23 | USD | 19,029,207 | $ | 133,491 | |||||||||||||||
CAD | 920,955 | DBAG |
10/27/23 | USD | 682,323 | 4,052 | ||||||||||||||||
EUR | 15,975,447 | CIBC |
10/27/23 | USD | 16,930,957 | 24,271 | ||||||||||||||||
GBP | 9,733,509 | RBC |
10/27/23 | USD | 11,880,682 | 3,083 | ||||||||||||||||
|
|
|||||||||||||||||||||
Net Unrealized Appreciation |
|
$ | 164,897 | |||||||||||||||||||
|
|
Glossary of Abbreviations
Counterparties
(CIBC) | Canadian Imperial Bank of Commerce | |||
(DBAG) | Deutsche Bank AG | |||
(RBC) | Royal Bank of Canada |
Currencies
(CAD) | Canadian Dollar | |||
(EUR) | Euro | |||
(GBP) | British Pound | |||
(USD) | United States Dollar
|
Other Abbreviations
(ADR) | American Depositary Receipt | |||
(REIT) | Real Estate Investment Trust |
BHFTI-153
Table of Contents
Brighthouse Funds Trust I
Invesco Comstock Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable
inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
| |||||||||||||||
Aerospace & Defense |
$ | 19,662,837 | $ | | $ | | $ | 19,662,837 | ||||||||
Air Freight & Logistics |
36,532,733 | | | 36,532,733 | ||||||||||||
Automobiles |
26,783,114 | | | 26,783,114 | ||||||||||||
Banks |
198,050,237 | | | 198,050,237 | ||||||||||||
Beverages |
28,331,988 | | | 28,331,988 | ||||||||||||
Biotechnology |
5,223,659 | | | 5,223,659 | ||||||||||||
Broadline Retail |
14,859,520 | | | 14,859,520 | ||||||||||||
Building Products |
30,663,433 | | | 30,663,433 | ||||||||||||
Capital Markets |
63,563,450 | | | 63,563,450 | ||||||||||||
Chemicals |
23,177,751 | | | 23,177,751 | ||||||||||||
Communications Equipment |
61,239,128 | | | 61,239,128 | ||||||||||||
Consumer Staples Distribution & Retail |
16,644,930 | | | 16,644,930 | ||||||||||||
Containers & Packaging |
26,373,151 | | | 26,373,151 | ||||||||||||
Electrical Equipment |
58,682,981 | | | 58,682,981 | ||||||||||||
Entertainment |
23,366,664 | | | 23,366,664 | ||||||||||||
Food Products |
25,955,000 | | | 25,955,000 | ||||||||||||
Health Care Equipment & Supplies |
55,222,332 | | | 55,222,332 | ||||||||||||
Health Care Providers & Services |
121,145,513 | | | 121,145,513 | ||||||||||||
Hotels, Restaurants & Leisure |
42,629,230 | | | 42,629,230 | ||||||||||||
Household Products |
22,409,336 | | | 22,409,336 | ||||||||||||
Industrial Conglomerates |
21,466,489 | | | 21,466,489 | ||||||||||||
Insurance |
54,858,691 | | | 54,858,691 | ||||||||||||
Interactive Media & Services |
75,514,275 | | | 75,514,275 | ||||||||||||
IT Services |
43,065,855 | | | 43,065,855 | ||||||||||||
Machinery |
53,339,098 | | | 53,339,098 | ||||||||||||
Media |
28,234,399 | | | 28,234,399 | ||||||||||||
Multi-Utilities |
23,538,901 | | | 23,538,901 | ||||||||||||
Oil, Gas & Consumable Fuels |
214,070,954 | | | 214,070,954 | ||||||||||||
Personal Care Products |
| 16,590,599 | | 16,590,599 | ||||||||||||
Pharmaceuticals |
109,895,521 | | | 109,895,521 | ||||||||||||
Semiconductors & Semiconductor Equipment |
82,185,590 | | | 82,185,590 | ||||||||||||
Software |
40,721,962 | | | 40,721,962 | ||||||||||||
Specialized REITs |
5,730,467 | | | 5,730,467 | ||||||||||||
Textiles, Apparel & Luxury Goods |
10,664,144 | | | 10,664,144 | ||||||||||||
Tobacco |
46,822,520 | | | 46,822,520 | ||||||||||||
Wireless Telecommunication Services |
22,872,966 | | | 22,872,966 | ||||||||||||
Total Common Stocks |
1,733,498,819 | 16,590,599 | | 1,750,089,418 | ||||||||||||
Total Short-Term Investment* |
| 47,737,672 | | 47,737,672 | ||||||||||||
Total Investments |
$ | 1,733,498,819 | $ | 64,328,271 | $ | | $ | 1,797,827,090 | ||||||||
Forward Contracts |
| |||||||||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | | $ | 164,897 | $ | | $ | 164,897 |
* | See Schedule of Investments for additional detailed categorizations. |
BHFTI-154
Table of Contents
Brighthouse Funds Trust I
Invesco Global Equity Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks99.5% of Net Assets
Security Description | Shares |
Value | ||||||
Canada0.6% | ||||||||
Canadian Pacific Kansas City Ltd. (a) |
86,444 | $ | 6,432,298 | |||||
|
|
|||||||
China3.6% | ||||||||
JD.com, Inc. (ADR) (a) |
828,026 | 24,120,398 | ||||||
Meituan - Class B (b) |
417,800 | 6,065,345 | ||||||
Tencent Holdings Ltd. |
148,200 | 5,743,499 | ||||||
Yum China Holdings, Inc. |
17,039 | 949,413 | ||||||
|
|
|||||||
36,878,655 | ||||||||
|
|
|||||||
Denmark4.1% | ||||||||
Novo Nordisk AS |
466,258 | 42,413,550 | ||||||
|
|
|||||||
France12.0% | ||||||||
Airbus SE |
343,056 | 45,894,864 | ||||||
Dassault Systemes SE |
113,284 | 4,211,755 | ||||||
EssilorLuxottica SA |
44,714 | 7,772,526 | ||||||
Kering SA |
39,330 | 17,881,853 | ||||||
LVMH Moet Hennessy Louis Vuitton SE |
61,785 | 46,612,255 | ||||||
Pernod Ricard SA |
7,985 | 1,329,190 | ||||||
|
|
|||||||
123,702,443 | ||||||||
|
|
|||||||
Germany2.6% | ||||||||
Allianz SE |
14,276 | 3,404,276 | ||||||
SAP SE |
182,260 | 23,658,443 | ||||||
|
|
|||||||
27,062,719 | ||||||||
|
|
|||||||
India6.5% | ||||||||
DLF Ltd. |
7,338,043 | 46,875,269 | ||||||
HDFC Bank Ltd. |
275,714 | 5,047,568 | ||||||
ICICI Bank Ltd. (ADR) |
641,134 | 14,823,018 | ||||||
|
|
|||||||
66,745,855 | ||||||||
|
|
|||||||
Israel0.9% | ||||||||
Nice Ltd. (ADR) (a) (b) |
55,024 | 9,354,080 | ||||||
|
|
|||||||
Italy0.9% | ||||||||
Brunello Cucinelli SpA |
98,224 | 7,465,889 | ||||||
Ferrari NV |
5,136 | 1,513,662 | ||||||
|
|
|||||||
8,979,551 | ||||||||
|
|
|||||||
Japan5.4% | ||||||||
Hoya Corp. |
43,900 | 4,524,051 | ||||||
Keyence Corp. |
71,900 | 26,723,171 | ||||||
Murata Manufacturing Co. Ltd. |
603,600 | 11,031,292 | ||||||
Omron Corp. |
45,100 | 2,008,869 | ||||||
TDK Corp. |
322,700 | 11,950,625 | ||||||
|
|
|||||||
56,238,008 | ||||||||
|
|
|||||||
Netherlands1.4% | ||||||||
ASML Holding NV |
20,645 | 12,123,552 | ||||||
Universal Music Group NV |
107,085 | 2,784,720 | ||||||
|
|
|||||||
14,908,272 | ||||||||
|
|
|||||||
Spain1.3% | ||||||||
Amadeus IT Group SA |
219,565 | 13,231,798 | ||||||
|
|
|||||||
Sweden4.3% | ||||||||
Assa Abloy AB - Class B |
792,031 | 17,255,045 | ||||||
Atlas Copco AB - A Shares |
1,994,573 | 26,723,041 | ||||||
|
|
|||||||
43,978,086 | ||||||||
|
|
|||||||
Switzerland0.7% | ||||||||
Lonza Group AG |
16,514 | 7,640,152 | ||||||
|
|
|||||||
United States55.2% | ||||||||
Adobe, Inc. (b) |
81,864 | 41,742,454 | ||||||
Agilent Technologies, Inc. |
27,851 | 3,114,299 | ||||||
Alphabet, Inc. - Class A (b) |
970,825 | 127,042,159 | ||||||
Amazon.com, Inc. (b) |
93,229 | 11,851,270 | ||||||
Analog Devices, Inc. |
281,548 | 49,296,239 | ||||||
Avantor, Inc. (b) |
183,400 | 3,866,072 | ||||||
Boston Scientific Corp. (b) |
70,567 | 3,725,938 | ||||||
Charles River Laboratories International, Inc. (a) (b) |
17,251 | 3,380,851 | ||||||
Charter Communications, Inc. - Class A (b) |
14,556 | 6,402,020 | ||||||
Danaher Corp. |
22,440 | 5,567,364 | ||||||
Ecolab, Inc. |
21,575 | 3,654,805 | ||||||
Equifax, Inc. (a) |
77,200 | 14,141,496 | ||||||
Fidelity National Information Services, Inc. |
44,329 | 2,450,064 | ||||||
IDEXX Laboratories, Inc. (b) |
9,151 | 4,001,458 | ||||||
Illumina, Inc. (b) |
37,854 | 5,196,597 | ||||||
Intuit, Inc. |
87,635 | 44,776,227 | ||||||
Intuitive Surgical, Inc. (b) |
33,399 | 9,762,194 | ||||||
IQVIA Holdings, Inc. (b) |
51,132 | 10,060,221 | ||||||
Lam Research Corp. |
3,555 | 2,228,167 | ||||||
Marriott International, Inc. - Class A |
43,261 | 8,503,382 | ||||||
Marvell Technology, Inc. |
307,077 | 16,622,078 | ||||||
Meta Platforms, Inc. - Class A (b) |
248,221 | 74,518,426 | ||||||
Microsoft Corp. |
62,148 | 19,623,231 | ||||||
NVIDIA Corp. |
32,412 | 14,098,896 | ||||||
Phathom Pharmaceuticals, Inc. (a) (b) |
220,272 | 2,284,221 | ||||||
S&P Global, Inc. |
113,224 | 41,373,182 | ||||||
Splunk, Inc. (b) |
47,813 | 6,992,651 | ||||||
Thermo Fisher Scientific, Inc. |
3,016 | 1,526,609 | ||||||
United Parcel Service, Inc. - Class B |
54,520 | 8,498,032 | ||||||
Visa, Inc. - Class A (a) |
100,876 | 23,202,489 | ||||||
|
|
|||||||
569,503,092 | ||||||||
|
|
|||||||
Total Common Stocks |
1,027,068,559 | |||||||
|
|
|||||||
Short-Term Investment0.6% |
| |||||||
Repurchase Agreement0.6% | ||||||||
Fixed Income Clearing Corp. |
5,865,202 | 5,865,202 | ||||||
|
|
|||||||
Total Short-Term Investments |
5,865,202 | |||||||
|
|
BHFTI-155
Table of Contents
Brighthouse Funds Trust I
Invesco Global Equity Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (c)2.7%
Security Description | Principal Amount* |
Value | ||||||
Certificates of Deposit1.1% | ||||||||
Bank of America N.A. |
1,000,000 | $ | 1,000,135 | |||||
Bank of Montreal |
1,000,000 | 1,000,643 | ||||||
Barclays Bank PLC |
1,000,000 | 1,000,072 | ||||||
BNP Paribas SA |
1,000,000 | 999,952 | ||||||
Canadian Imperial Bank of Commerce (NY) |
1,000,000 | 1,000,098 | ||||||
Nordea Bank Abp |
1,000,000 | 1,000,152 | ||||||
Oversea-Chinese Banking Corp. Ltd. |
1,000,000 | 1,000,146 | ||||||
Sumitomo Mitsui Banking Corp. |
2,000,000 | 2,001,862 | ||||||
Toronto-Dominion Bank |
||||||||
5.730%, FEDEFF PRV + 0.400%, 02/13/24 (d) |
1,000,000 | 1,000,580 | ||||||
5.780%, FEDEFF PRV + 0.450%, 10/13/23 (d) |
2,000,000 | 2,000,190 | ||||||
|
|
|||||||
12,003,830 | ||||||||
|
|
|||||||
Commercial Paper0.3% | ||||||||
National Australia Bank Ltd. |
1,000,000 | 1,000,220 | ||||||
Skandinaviska Enskilda Banken AB |
1,000,000 | 1,000,270 | ||||||
UBS AG |
1,000,000 | 1,000,000 | ||||||
|
|
|||||||
3,000,490 | ||||||||
|
|
|||||||
Repurchase Agreements1.2% | ||||||||
Cantor Fitzgerald & Co. |
3,000,000 | 3,000,000 | ||||||
Citigroup Global Markets, Inc. |
||||||||
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $1,001,064; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $1,020,025. |
1,000,000 | 1,000,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $2,010,928; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $2,040,146. |
2,000,000 | 2,000,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $2,060,331; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $2,125,943. |
2,000,000 | 2,000,000 | ||||||
Repurchase Agreements(Continued) | ||||||||
ING Financial Markets LLC |
2,040,560 | 2,040,560 | ||||||
National Bank of Canada |
2,000,000 | 2,000,000 | ||||||
|
|
|||||||
12,040,560 | ||||||||
|
|
|||||||
Time Deposit0.1% | ||||||||
National Bank of Canada |
1,000,000 | 1,000,000 | ||||||
|
|
|||||||
Total Securities Lending Reinvestments |
28,044,880 | |||||||
|
|
|||||||
Total Investments102.8% |
1,060,978,641 | |||||||
Other assets and liabilities (net)(2.8)% |
(28,808,478 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 1,032,170,163 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
(a) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $35,773,511 and the collateral received consisted of cash in the amount of $28,040,560 and non-cash collateral with a value of $8,491,256. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third- party custodian, and cannot be sold or repledged by the Portfolio. | |||
(b) | Non-income producing security. | |||
(c) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(d) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. |
Ten Largest Industries as of September 30, 2023 (Unaudited) |
% of |
|||
Interactive Media & Services |
20.1 | |||
Software |
14.6 | |||
Semiconductors & Semiconductor Equipment |
9.1 | |||
Textiles, Apparel & Luxury Goods |
7.0 | |||
Electronic Equipment, Instruments & Components |
5.0 | |||
Real Estate Management & Development |
4.5 | |||
Aerospace & Defense |
4.5 | |||
Pharmaceuticals |
4.3 | |||
Capital Markets |
4.0 | |||
Life Sciences Tools & Services |
3.9 |
BHFTI-156
Table of Contents
Brighthouse Funds Trust I
Invesco Global Equity Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Glossary of Abbreviations
Index Abbreviations
(FEDEFF PRV) | Effective Federal Funds Rate | |||
(OBFR) | U.S. Overnight Bank Funding Rate | |||
(SOFR) | Secured Overnight Financing Rate |
Other Abbreviations
(ADR) | American Depositary Receipt |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
| |||||||||||||||
Canada |
$ | 6,432,298 | $ | | $ | | $ | 6,432,298 | ||||||||
China |
25,069,811 | 11,808,844 | | 36,878,655 | ||||||||||||
Denmark |
| 42,413,550 | | 42,413,550 | ||||||||||||
France |
| 123,702,443 | | 123,702,443 | ||||||||||||
Germany |
| 27,062,719 | | 27,062,719 | ||||||||||||
India |
14,823,018 | 51,922,837 | | 66,745,855 | ||||||||||||
Israel |
9,354,080 | | | 9,354,080 | ||||||||||||
Italy |
| 8,979,551 | | 8,979,551 | ||||||||||||
Japan |
| 56,238,008 | | 56,238,008 | ||||||||||||
Netherlands |
| 14,908,272 | | 14,908,272 | ||||||||||||
Spain |
| 13,231,798 | | 13,231,798 | ||||||||||||
Sweden |
| 43,978,086 | | 43,978,086 | ||||||||||||
Switzerland |
| 7,640,152 | | 7,640,152 | ||||||||||||
United States |
569,503,092 | | | 569,503,092 | ||||||||||||
Total Common Stocks |
625,182,299 | 401,886,260 | | 1,027,068,559 | ||||||||||||
Total Short-Term Investment* |
| 5,865,202 | | 5,865,202 | ||||||||||||
Total Securities Lending Reinvestments* |
| 28,044,880 | | 28,044,880 | ||||||||||||
Total Investments |
$ | 625,182,299 | $ | 435,796,342 | $ | | $ | 1,060,978,641 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (28,040,560 | ) | $ | | $ | (28,040,560 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
BHFTI-157
Table of Contents
Brighthouse Funds Trust I
Invesco Small Cap Growth Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks96.7% of Net Assets
Security Description | Shares | Value | ||||||
Aerospace & Defense1.7% | ||||||||
BWX Technologies, Inc. |
139,116 | $ | 10,430,918 | |||||
Moog, Inc. - Class A |
40,088 | 4,528,340 | ||||||
|
|
|||||||
14,959,258 | ||||||||
|
|
|||||||
Air Freight & Logistics1.1% | ||||||||
GXO Logistics, Inc. (a) (b) |
154,763 | 9,076,850 | ||||||
|
|
|||||||
Automobile Components0.5% | ||||||||
Gentherm, Inc. (a) (b) |
85,203 | 4,623,115 | ||||||
|
|
|||||||
Biotechnology4.2% | ||||||||
Apellis Pharmaceuticals, Inc. (a) (b) |
73,646 | 2,801,494 | ||||||
Ascendis Pharma AS (ADR) (a) (b) |
48,703 | 4,560,549 | ||||||
Cytokinetics, Inc. (a) (b) |
92,341 | 2,720,366 | ||||||
Halozyme Therapeutics, Inc. (a) |
180,670 | 6,901,594 | ||||||
Karuna Therapeutics, Inc. (a) |
26,000 | 4,396,340 | ||||||
Natera, Inc. (a) |
237,230 | 10,497,427 | ||||||
Xenon Pharmaceuticals, Inc. (a) |
121,423 | 4,147,810 | ||||||
|
|
|||||||
36,025,580 | ||||||||
|
|
|||||||
Broadline Retail0.6% | ||||||||
Global-e Online Ltd. (a) (b) |
121,528 | 4,829,523 | ||||||
|
|
|||||||
Building Products2.4% | ||||||||
AAON, Inc. |
121,637 | 6,917,496 | ||||||
Azek Co., Inc. (a) |
298,423 | 8,875,100 | ||||||
Simpson Manufacturing Co., Inc. |
32,992 | 4,942,532 | ||||||
|
|
|||||||
20,735,128 | ||||||||
|
|
|||||||
Capital Markets2.8% | ||||||||
LPL Financial Holdings, Inc. |
28,116 | 6,681,767 | ||||||
Morningstar, Inc. |
34,883 | 8,170,994 | ||||||
TMX Group Ltd. (b) |
438,971 | 9,433,877 | ||||||
|
|
|||||||
24,286,638 | ||||||||
|
|
|||||||
Chemicals1.0% | ||||||||
Element Solutions, Inc. |
425,207 | 8,338,309 | ||||||
|
|
|||||||
Commercial Services & Supplies1.1% | ||||||||
Clean Harbors, Inc. (a) |
55,797 | 9,338,186 | ||||||
|
|
|||||||
Construction & Engineering3.2% | ||||||||
AECOM |
113,078 | 9,389,997 | ||||||
Construction Partners, Inc. - Class A (a) |
355,323 | 12,990,609 | ||||||
Valmont Industries, Inc. |
23,749 | 5,704,747 | ||||||
|
|
|||||||
28,085,353 | ||||||||
|
|
|||||||
Construction Materials0.8% | ||||||||
Eagle Materials, Inc. |
41,480 | 6,907,250 | ||||||
|
|
|||||||
Consumer Staples Distribution & Retail1.4% | ||||||||
Grocery Outlet Holding Corp. (a) (b) |
140,545 | 4,054,723 | ||||||
Performance Food Group Co. (a) |
143,157 | 8,426,221 | ||||||
|
|
|||||||
12,480,944 | ||||||||
|
|
|||||||
Diversified Consumer Services1.8% | ||||||||
Bright Horizons Family Solutions, Inc. (a) (b) |
81,760 | 6,660,170 | ||||||
Stride, Inc. (a) (b) |
193,405 | 8,709,027 | ||||||
|
|
|||||||
15,369,197 | ||||||||
|
|
|||||||
Diversified Telecommunication Services0.7% | ||||||||
Iridium Communications, Inc. |
131,625 | 5,987,621 | ||||||
|
|
|||||||
Electrical Equipment1.5% | ||||||||
nVent Electric PLC |
151,235 | 8,013,943 | ||||||
Shoals Technologies Group, Inc. - Class A (a) (b) |
275,888 | 5,034,956 | ||||||
|
|
|||||||
13,048,899 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components4.0% | ||||||||
Arrow Electronics, Inc. (a) |
52,847 | 6,618,558 | ||||||
Fabrinet (a) |
21,975 | 3,661,475 | ||||||
Flex Ltd. (a) |
450,777 | 12,161,963 | ||||||
Littelfuse, Inc. |
25,874 | 6,399,158 | ||||||
Novanta, Inc. (a) |
42,325 | 6,071,098 | ||||||
|
|
|||||||
34,912,252 | ||||||||
|
|
|||||||
Energy Equipment & Services2.0% | ||||||||
ChampionX Corp. |
304,419 | 10,843,405 | ||||||
TechnipFMC PLC (b) |
316,175 | 6,430,999 | ||||||
|
|
|||||||
17,274,404 | ||||||||
|
|
|||||||
Financial Services1.7% | ||||||||
Flywire Corp. (a) |
298,522 | 9,519,866 | ||||||
Shift4 Payments, Inc. - Class A (a) |
100,226 | 5,549,514 | ||||||
|
|
|||||||
15,069,380 | ||||||||
|
|
|||||||
Food Products2.6% | ||||||||
Freshpet, Inc. (a) (b) |
116,230 | 7,657,232 | ||||||
Post Holdings, Inc. (a) (b) |
90,532 | 7,762,214 | ||||||
Simply Good Foods Co. (a) (b) |
202,058 | 6,975,042 | ||||||
|
|
|||||||
22,394,488 | ||||||||
|
|
|||||||
Gas Utilities0.2% | ||||||||
New Jersey Resources Corp. |
50,754 | 2,062,135 | ||||||
|
|
|||||||
Ground Transportation1.3% | ||||||||
Saia, Inc. (a) |
27,585 | 10,996,760 | ||||||
|
|
|||||||
Health Care Equipment & Supplies4.6% | ||||||||
Axonics, Inc. (a) |
106,412 | 5,971,841 | ||||||
Glaukos Corp. (a) |
135,812 | 10,219,853 | ||||||
iRhythm Technologies, Inc. (a) (b) |
50,743 | 4,783,035 | ||||||
Lantheus Holdings, Inc. (a) (b) |
97,626 | 6,783,055 | ||||||
Penumbra, Inc. (a) |
31,710 | 7,670,966 | ||||||
TransMedics Group, Inc. (a) (b) |
86,096 | 4,713,756 | ||||||
|
|
|||||||
40,142,506 | ||||||||
|
|
|||||||
Health Care Providers & Services3.6% | ||||||||
Acadia Healthcare Co., Inc. (a) |
128,230 | 9,015,851 | ||||||
R1 RCM, Inc. (a) |
605,391 | 9,123,242 |
BHFTI-158
Table of Contents
Brighthouse Funds Trust I
Invesco Small Cap Growth Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Health Care Providers & Services(Continued) | ||||||||
Surgery Partners, Inc. (a) (b) |
214,793 | $ | 6,282,695 | |||||
Tenet Healthcare Corp. (a) |
96,414 | 6,352,719 | ||||||
|
|
|||||||
30,774,507 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure4.7% | ||||||||
International Game Technology PLC |
258,748 | 7,845,239 | ||||||
Shake Shack, Inc. - Class A (a) |
104,630 | 6,075,864 | ||||||
Texas Roadhouse, Inc. |
65,986 | 6,341,255 | ||||||
Wingstop, Inc. |
73,970 | 13,302,765 | ||||||
Wyndham Hotels & Resorts, Inc. |
98,060 | 6,819,092 | ||||||
|
|
|||||||
40,384,215 | ||||||||
|
|
|||||||
Household Durables1.4% | ||||||||
Cavco Industries, Inc. (a) (b) |
23,850 | 6,335,991 | ||||||
Installed Building Products, Inc. (b) |
45,113 | 5,634,163 | ||||||
|
|
|||||||
11,970,154 | ||||||||
|
|
|||||||
Industrial REITs1.9% | ||||||||
EastGroup Properties, Inc. |
62,681 | 10,438,267 | ||||||
Terreno Realty Corp. |
110,560 | 6,279,808 | ||||||
|
|
|||||||
16,718,075 | ||||||||
|
|
|||||||
Insurance3.0% | ||||||||
BRP Group, Inc. - Class A (a) (b) |
352,607 | 8,191,060 | ||||||
Kinsale Capital Group, Inc. |
21,859 | 9,052,468 | ||||||
Selective Insurance Group, Inc. |
85,153 | 8,785,235 | ||||||
|
|
|||||||
26,028,763 | ||||||||
|
|
|||||||
IT Services1.4% | ||||||||
DigitalOcean Holdings, Inc. (a) (b) |
174,091 | 4,183,407 | ||||||
Globant SA (a) (b) |
40,166 | 7,946,843 | ||||||
|
|
|||||||
12,130,250 | ||||||||
|
|
|||||||
Life Sciences Tools & Services2.1% | ||||||||
10X Genomics, Inc. - Class A (a) |
167,480 | 6,908,550 | ||||||
Repligen Corp. (a) (b) |
69,119 | 10,990,612 | ||||||
|
|
|||||||
17,899,162 | ||||||||
|
|
|||||||
Machinery4.1% | ||||||||
Chart Industries, Inc. (a) (b) |
36,215 | 6,124,681 | ||||||
Federal Signal Corp. |
105,617 | 6,308,504 | ||||||
Nordson Corp. |
32,854 | 7,332,027 | ||||||
RBC Bearings, Inc. (a) (b) |
31,595 | 7,397,337 | ||||||
Terex Corp. |
136,660 | 7,874,349 | ||||||
|
|
|||||||
35,036,898 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels3.9% | ||||||||
Chord Energy Corp. |
48,594 | 7,875,629 | ||||||
Matador Resources Co. |
144,989 | 8,623,946 | ||||||
Permian Resources Corp. (b) |
732,246 | 10,222,154 | ||||||
Range Resources Corp. (b) |
228,509 | 7,405,977 | ||||||
|
|
|||||||
34,127,706 | ||||||||
|
|
|||||||
Personal Care Products0.0% | ||||||||
Oddity Tech Ltd. - Class A (a) (b) |
14,939 | 423,521 | ||||||
|
|
|||||||
Pharmaceuticals2.0% | ||||||||
Intra-Cellular Therapies, Inc. (a) |
105,875 | 5,515,029 | ||||||
Pacira BioSciences, Inc. (a) (b) |
78,516 | 2,408,871 | ||||||
Prestige Consumer Healthcare, Inc. (a) |
124,525 | 7,121,585 | ||||||
Revance Therapeutics, Inc. (a) (b) |
202,316 | 2,320,564 | ||||||
|
|
|||||||
17,366,049 | ||||||||
|
|
|||||||
Professional Services3.4% | ||||||||
ASGN, Inc. (a) |
83,596 | 6,828,121 | ||||||
KBR, Inc. (b) |
118,752 | 6,999,243 | ||||||
Parsons Corp. (a) |
29,889 | 1,624,467 | ||||||
Paycor HCM, Inc. (a) |
251,576 | 5,743,480 | ||||||
Verra Mobility Corp. (a) |
426,994 | 7,984,788 | ||||||
|
|
|||||||
29,180,099 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment6.0% | ||||||||
Allegro MicroSystems, Inc. (a) (b) |
140,226 | 4,478,819 | ||||||
Axcelis Technologies, Inc. (a) |
24,433 | 3,983,801 | ||||||
Diodes, Inc. (a) |
73,517 | 5,796,080 | ||||||
Lattice Semiconductor Corp. (a) |
145,476 | 12,500,753 | ||||||
MKS Instruments, Inc. |
79,745 | 6,901,132 | ||||||
Onto Innovation, Inc. (a) |
53,248 | 6,790,185 | ||||||
Power Integrations, Inc. (b) |
85,765 | 6,544,727 | ||||||
Silicon Laboratories, Inc. (a) |
43,198 | 5,006,216 | ||||||
|
|
|||||||
52,001,713 | ||||||||
|
|
|||||||
Software13.1% | ||||||||
Altair Engineering, Inc. - Class A (a) (b) |
179,722 | 11,243,408 | ||||||
Blackline, Inc. (a) (b) |
100,947 | 5,599,530 | ||||||
CCC Intelligent Solutions Holdings, Inc. (a) |
743,906 | 9,931,145 | ||||||
Clearwater Analytics Holdings, Inc. - Class A (a) |
294,730 | 5,700,078 | ||||||
Confluent, Inc. - Class A (a) (b) |
253,514 | 7,506,550 | ||||||
CyberArk Software Ltd. (a) |
49,040 | 8,031,281 | ||||||
Descartes Systems Group, Inc. (a) |
100,853 | 7,400,593 | ||||||
DoubleVerify Holdings, Inc. (a) |
188,746 | 5,275,451 | ||||||
Gitlab, Inc. - Class A (a) |
147,131 | 6,653,264 | ||||||
Guidewire Software, Inc. (a) |
120,034 | 10,803,060 | ||||||
Manhattan Associates, Inc. (a) |
74,541 | 14,733,774 | ||||||
Procore Technologies, Inc. (a) |
162,705 | 10,627,891 | ||||||
Workiva, Inc. (a) (b) |
94,633 | 9,590,108 | ||||||
|
|
|||||||
113,096,133 | ||||||||
|
|
|||||||
Specialty Retail1.4% | ||||||||
Academy Sports & Outdoors, Inc. |
120,725 | 5,706,671 | ||||||
Wayfair, Inc. - Class A (a) (b) |
112,284 | 6,801,042 | ||||||
|
|
|||||||
12,507,713 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods1.1% | ||||||||
Crocs, Inc. (a) |
59,712 | 5,268,390 | ||||||
ON Holding AG - Class A (a) (b) |
159,367 | 4,433,590 | ||||||
|
|
|||||||
9,701,980 | ||||||||
|
|
BHFTI-159
Table of Contents
Brighthouse Funds Trust I
Invesco Small Cap Growth Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares/ Principal Amount* |
Value | ||||||
Trading Companies & Distributors2.1% | ||||||||
Applied Industrial Technologies, Inc. |
19,577 | $ | 3,026,800 | |||||
SiteOne Landscape Supply, Inc. (a) (b) |
52,097 | 8,515,254 | ||||||
WESCO International, Inc. |
45,667 | 6,567,828 | ||||||
|
|
|||||||
18,109,882 | ||||||||
|
|
|||||||
Water Utilities0.3% | ||||||||
American States Water Co. |
27,617 | 2,172,906 | ||||||
|
|
|||||||
Total Common Stocks |
836,573,502 | |||||||
|
|
|||||||
Short-Term Investment3.6% |
| |||||||
Repurchase Agreement3.6% | ||||||||
Fixed Income Clearing Corp. |
31,280,882 | 31,280,882 | ||||||
|
|
|||||||
Total Short-Term Investments |
31,280,882 | |||||||
|
|
|||||||
Securities Lending Reinvestments (c)7.7% |
| |||||||
Certificates of Deposit2.4% | ||||||||
Bank of Montreal |
1,000,000 | 1,000,643 | ||||||
Barclays Bank PLC |
1,000,000 | 1,000,072 | ||||||
BNP Paribas SA |
2,000,000 | 1,999,904 | ||||||
Canadian Imperial Bank of Commerce (NY) |
2,000,000 | 2,000,196 | ||||||
Citibank N.A. |
1,000,000 | 1,000,075 | ||||||
Credit Industriel et Commercial |
2,000,000 | 1,999,824 | ||||||
Mitsubishi UFJ Trust & Banking Corp. |
1,000,000 | 996,900 | ||||||
Mizuho Bank Ltd. |
2,000,000 | 2,000,098 | ||||||
Nordea Bank Abp |
1,000,000 | 1,000,152 | ||||||
Oversea-Chinese Banking Corp. Ltd. |
2,000,000 | 2,000,292 | ||||||
Sumitomo Mitsui Trust Bank Ltd. |
1,000,000 | 1,000,053 | ||||||
Toronto-Dominion Bank |
1,000,000 | 1,000,580 | ||||||
5.780%, FEDEFF PRV + 0.450%, 10/13/23 (d) |
2,000,000 | 2,000,190 | ||||||
Wells Fargo Bank N.A. |
2,000,000 | 2,000,720 | ||||||
|
|
|||||||
20,999,699 | ||||||||
|
|
|||||||
Commercial Paper0.5% | ||||||||
National Australia Bank Ltd. |
1,000,000 | 1,000,220 | ||||||
Old Line Funding LLC |
1,000,000 | 999,999 | ||||||
UBS AG |
2,000,000 | 2,000,000 | ||||||
|
|
|||||||
4,000,219 | ||||||||
|
|
|||||||
Repurchase Agreements4.2% | ||||||||
Bank of Nova Scotia |
1,000,000 | 1,000,000 | ||||||
Cantor Fitzgerald & Co. |
7,000,000 | 7,000,000 | ||||||
Citigroup Global Markets, Inc. |
||||||||
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $1,902,021; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $1,938,047. |
1,900,000 | 1,900,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $3,016,392; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $3,060,219. |
3,000,000 | 3,000,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $2,060,331; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $2,125,943. |
2,000,000 | 2,000,000 | ||||||
ING Financial Markets LLC |
2,171,727 | 2,171,727 | ||||||
National Bank Financial, Inc. |
2,000,000 | 2,000,000 |
BHFTI-160
Table of Contents
Brighthouse Funds Trust I
Invesco Small Cap Growth Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (c)(Continued)
Security Description | Shares/ Principal Amount* |
Value | ||||||
Repurchase Agreements(Continued) | ||||||||
National Bank of Canada |
||||||||
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $3,003,103; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $3,074,339. |
3,000,000 | $ | 3,000,000 | |||||
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $6,006,358; collateralized by various Common Stock with an aggregate market value of $6,695,924. |
6,000,000 | 6,000,000 | ||||||
NBC Global Finance Ltd. |
3,000,000 | 3,000,000 | ||||||
Societe Generale |
300,000 | 300,000 | ||||||
TD Prime Services LLC |
5,050,000 | 5,050,000 | ||||||
|
|
|||||||
36,421,727 | ||||||||
|
|
|||||||
Mutual Funds0.6% | ||||||||
BlackRock Liquidity Funds FedFund, Institutional Shares |
500,000 | 500,000 | ||||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class |
1,000,000 | 1,000,000 | ||||||
Fidelity Investments Money Market Government Portfolio, Class I |
400,000 | 400,000 | ||||||
HSBC U.S. Government Money Market Fund, Class I |
1,000,000 | 1,000,000 | ||||||
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares |
1,000,000 | 1,000,000 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class |
500,000 | 500,000 | ||||||
Western Asset Institutional Government Reserves Fund, Institutional Class |
950,000 | 950,000 | ||||||
|
|
|||||||
5,350,000 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
66,771,645 | |||||||
|
|
|||||||
Total Investments108.0% |
934,626,029 | |||||||
Other assets and liabilities (net)(8.0)% |
(69,574,476 | ) | ||||||
|
|
|||||||
Net Assets100.0% |
$ | 865,051,553 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
(a) | Non-income producing security. | |||
(b) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $88,864,925 and the collateral received consisted of cash in the amount of $66,760,598 and non-cash collateral with a value of $24,127,291. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
(c) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(d) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
(e) | The rate shown represents the annualized seven-day yield as of September 30, 2023. |
Glossary of Abbreviations
Index Abbreviations
(FEDEFF PRV) | Effective Federal Funds Rate | |||
(SOFR) | Secured Overnight Financing Rate |
Other Abbreviations
(ADR) | American Depositary Receipt | |||
(REIT) | Real Estate Investment Trust |
BHFTI-161
Table of Contents
Brighthouse Funds Trust I
Invesco Small Cap Growth Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Total Common Stocks* |
$ | 836,573,502 | $ | | $ | | $ | 836,573,502 | ||||||||
Total Short-Term Investment* |
| 31,280,882 | | 31,280,882 | ||||||||||||
Securities Lending Reinvestments |
| |||||||||||||||
Certificates of Deposit |
| 20,999,699 | | 20,999,699 | ||||||||||||
Commercial Paper |
| 4,000,219 | | 4,000,219 | ||||||||||||
Repurchase Agreements |
| 36,421,727 | | 36,421,727 | ||||||||||||
Mutual Funds |
5,350,000 | | | 5,350,000 | ||||||||||||
Total Securities Lending Reinvestments |
5,350,000 | 61,421,645 | | 66,771,645 | ||||||||||||
Total Investments |
$ | 841,923,502 | $ | 92,702,527 | $ | | $ | 934,626,029 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (66,760,598 | ) | $ | | $ | (66,760,598 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
BHFTI-162
Table of Contents
Brighthouse Funds Trust I
Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies55.2% of Net Assets
Security Description | Principal Amount* |
Value | ||||||
Agency Sponsored Mortgage - Backed28.9% | ||||||||
Federal Home Loan Mortgage Corp. |
10,180,860 | $ | 8,134,722 | |||||
2.500%, 05/01/51 |
2,387,423 | 1,905,287 | ||||||
3.000%, 02/01/52 |
2,884,370 | 2,400,111 | ||||||
3.500%, 03/01/32 |
335,743 | 309,910 | ||||||
3.500%, 12/01/32 |
1,146,000 | 1,055,851 | ||||||
3.500%, 01/01/33 |
1,656,558 | 1,523,021 | ||||||
3.500%, 03/01/33 |
1,806,239 | 1,660,042 | ||||||
3.500%, 04/01/33 |
2,617,916 | 2,403,462 | ||||||
3.500%, 05/01/33 |
658,622 | 603,978 | ||||||
3.500%, 06/01/43 |
822,349 | 725,155 | ||||||
3.700%, 06/01/34 |
3,300,000 | 2,897,697 | ||||||
3.750%, 08/01/32 |
3,500,000 | 3,119,868 | ||||||
4.000%, 09/01/32 |
210,220 | 192,707 | ||||||
4.000%, 11/01/32 |
960,146 | 899,939 | ||||||
4.000%, 12/01/32 |
481,913 | 446,340 | ||||||
4.000%, 01/01/33 |
44,900 | 41,294 | ||||||
4.000%, 02/01/33 |
173,984 | 160,316 | ||||||
4.000%, 08/01/42 |
876,535 | 803,935 | ||||||
4.000%, 08/01/43 |
1,453,759 | 1,333,835 | ||||||
4.000%, 01/01/46 |
1,147,995 | 1,044,938 | ||||||
4.000%, 07/01/48 |
1,420,153 | 1,290,437 | ||||||
4.000%, 05/01/52 |
1,057,457 | 942,275 | ||||||
5.000%, 02/01/34 |
153,852 | 150,924 | ||||||
5.000%, 08/01/39 |
479,349 | 469,418 | ||||||
5.247%, 1Y RFUCCT + 1.841%, 07/01/40 (a) |
288,832 | 293,598 | ||||||
Federal Home Loan Mortgage Corp. Multifamily Structured Credit Risk |
1,492,203 | 1,396,811 | ||||||
9.565%, SOFR30A + 4.250%, 05/25/52 (144A) (a) |
1,375,475 | 1,385,316 | ||||||
Federal Home Loan Mortgage Corp. Multifamily Structured |
3,100,000 | 2,597,549 | ||||||
3.117%, 06/25/27 |
2,487,000 | 2,314,481 | ||||||
3.243%, 04/25/27 |
1,996,000 | 1,872,804 | ||||||
3.303%, 11/25/27 (a) |
1,755,000 | 1,635,749 | ||||||
3.326%, 05/25/27 |
1,072,000 | 1,003,235 | ||||||
3.336%, 04/25/28 (a) |
1,790,000 | 1,648,539 | ||||||
3.690%, 01/25/29 |
397,000 | 370,974 | ||||||
3.710%, 09/25/32 (a) |
3,035,000 | 2,697,678 | ||||||
3.800%, 10/25/32 (a) |
2,100,000 | 1,878,227 | ||||||
3.820%, 12/25/32 (a) |
2,800,000 | 2,504,489 | ||||||
3.850%, 05/25/28 (a) |
7,385,000 | 6,963,056 | ||||||
3.900%, 08/25/28 (a) |
3,170,000 | 3,014,762 | ||||||
Federal Home Loan Mortgage Corp. REMICS | ||||||||
0.942%, SOFR30A + 6.256%, 10/15/37 (a) (b) |
1,510,366 | 116,276 | ||||||
0.972%, SOFR30A + 6.286%, 11/15/36 (a) (b) |
747,859 | 40,172 | ||||||
3.000%, 02/15/26 |
170,934 | 166,374 | ||||||
5.000%, 08/15/35 |
606,019 | 592,726 | ||||||
5.878%, SOFR30A + 0.564%, 08/15/42 (a) |
1,748,271 | 1,707,575 | ||||||
6.000%, 07/15/35 |
1,518,733 | 1,497,228 | ||||||
6.000%, 03/15/36 |
1,356,467 | 1,373,222 | ||||||
6.108%, SOFR30A + 0.794%, 11/15/37 (a) |
283,549 | 281,345 | ||||||
6.128%, SOFR30A + 0.814%, 03/15/24 (a) |
5,923 | 5,924 | ||||||
6.500%, 05/15/28 |
70,424 | 70,520 | ||||||
6.500%, 03/15/37 |
284,226 | 286,537 | ||||||
6.778%, SOFR30A + 1.464%, 03/15/38 (a) |
600,000 | 614,298 | ||||||
Agency Sponsored Mortgage - Backed(Continued) | ||||||||
Federal Home Loan Mortgage Corp. STRIPS |
||||||||
Zero Coupon, 09/15/43 (c) |
349,434 | 249,749 | ||||||
3.000%, 01/15/43 |
1,140,253 | 998,099 | ||||||
Federal National Mortgage Association | ||||||||
1.754%, 03/01/32 (a) |
5,046,655 | 3,893,002 | ||||||
1.800%, 10/01/33 |
3,484,000 | 2,594,995 | ||||||
1.930%, 11/01/31 |
4,300,000 | 3,353,459 | ||||||
2.010%, 01/01/32 |
4,050,000 | 3,188,371 | ||||||
2.440%, 06/01/30 |
2,944,214 | 2,490,274 | ||||||
2.500%, 05/01/50 |
3,678,414 | 2,962,503 | ||||||
2.500%, 09/01/51 |
3,564,976 | 2,830,069 | ||||||
2.500%, 10/01/51 |
3,058,184 | 2,434,142 | ||||||
2.500%, 01/01/52 |
2,895,336 | 2,307,606 | ||||||
2.500%, 03/01/52 |
4,034,285 | 3,241,085 | ||||||
2.500%, 03/01/62 |
2,646,324 | 2,030,938 | ||||||
2.510%, 10/01/30 |
3,150,000 | 2,637,436 | ||||||
2.730%, 07/01/28 |
2,825,625 | 2,525,734 | ||||||
2.810%, 09/01/31 |
1,390,863 | 1,196,844 | ||||||
2.970%, 06/01/30 |
2,750,000 | 2,412,287 | ||||||
2.980%, 09/01/36 |
1,222,810 | 1,068,999 | ||||||
3.000%, 01/01/43 |
1,533,521 | 1,307,955 | ||||||
3.000%, 01/01/52 |
2,718,338 | 2,249,280 | ||||||
3.000%, 07/01/60 |
2,662,873 | 2,130,530 | ||||||
3.000%, 03/01/61 |
3,358,159 | 2,731,050 | ||||||
3.500%, 08/01/26 |
44,003 | 41,179 | ||||||
3.500%, 02/01/33 |
1,045,796 | 960,340 | ||||||
3.500%, 05/01/33 |
1,281,410 | 1,175,106 | ||||||
3.500%, 07/01/42 |
744,783 | 660,728 | ||||||
3.500%, 08/01/42 |
244,388 | 216,934 | ||||||
3.500%, 07/01/43 |
1,023,507 | 901,487 | ||||||
3.500%, 01/01/50 |
2,999,261 | 2,628,945 | ||||||
3.500%, 07/01/50 |
2,194,497 | 1,909,238 | ||||||
3.500%, 12/01/51 |
1,899,574 | 1,637,068 | ||||||
3.500%, 02/01/52 |
4,568,355 | 3,935,570 | ||||||
3.500%, 03/01/60 |
2,100,870 | 1,786,593 | ||||||
3.500%, 03/01/61 |
1,595,488 | 1,357,007 | ||||||
3.500%, 03/01/62 |
3,318,386 | 2,821,769 | ||||||
3.540%, 06/01/32 |
4,357,000 | 3,841,395 | ||||||
3.550%, 02/01/30 |
1,500,000 | 1,374,894 | ||||||
3.730%, 10/01/32 |
2,463,120 | 2,188,622 | ||||||
3.800%, 09/01/32 |
3,411,180 | 3,050,651 | ||||||
3.805%, 11/01/32 |
2,025,000 | 1,809,050 | ||||||
3.895%, 02/01/33 |
3,450,000 | 3,098,626 | ||||||
3.970%, 08/01/33 |
4,844,445 | 4,276,847 | ||||||
4.000%, 02/01/31 |
368,433 | 342,086 | ||||||
4.000%, 10/01/32 |
245,045 | 225,121 | ||||||
4.000%, 12/01/40 |
85,378 | 77,671 | ||||||
4.000%, 07/01/42 |
555,373 | 506,005 | ||||||
4.000%, 06/01/47 |
628,192 | 570,934 | ||||||
4.000%, 04/01/52 |
5,400,355 | 4,813,234 | ||||||
4.000%, 05/01/52 |
7,924,862 | 7,063,614 | ||||||
4.170%, 05/01/33 |
3,000,000 | 2,751,314 | ||||||
4.185%, 04/01/33 |
3,000,000 | 2,758,562 | ||||||
4.190%, 04/01/33 |
2,000,000 | 1,838,889 | ||||||
4.330%, 01/01/33 |
2,700,000 | 2,518,414 |
BHFTI-163
Table of Contents
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies(Continued)
Security Description | Principal Amount* |
Value | ||||||
Agency Sponsored Mortgage - Backed(Continued) | ||||||||
Federal National Mortgage Association | ||||||||
4.420%, 02/01/33 |
4,075,000 | $ | 3,819,131 | |||||
4.500%, 02/01/40 |
166,238 | 156,823 | ||||||
4.500%, 06/01/62 |
2,121,596 | 1,953,851 | ||||||
4.520%, 06/01/33 |
1,577,778 | 1,488,553 | ||||||
4.520%, 09/01/33 |
1,300,000 | 1,230,735 | ||||||
4.550%, 09/01/33 |
3,180,000 | 3,014,362 | ||||||
4.590%, 04/01/33 |
3,350,000 | 3,179,972 | ||||||
4.735%, 02/01/33 |
3,100,000 | 2,978,151 | ||||||
5.000%, 09/01/35 |
293,202 | 284,138 | ||||||
5.000%, 06/01/53 |
3,984,007 | 3,760,289 | ||||||
5.080%, 02/01/32 |
3,145,000 | 3,103,549 | ||||||
5.290%, 12/01/32 |
2,539,248 | 2,545,992 | ||||||
5.500%, 01/01/58 |
1,891,161 | 1,887,534 | ||||||
6.000%, 07/01/28 |
63,748 | 62,942 | ||||||
6.000%, 12/01/39 |
121,667 | 123,693 | ||||||
Federal National Mortgage Association Benchmark REMIC |
296,421 | 291,510 | ||||||
Federal National Mortgage Association Grantor Trust |
3,910,777 | 3,582,235 | ||||||
Federal National Mortgage Association REMICS |
||||||||
Zero Coupon, 09/25/43 (c) |
593,351 | 427,663 | ||||||
Zero Coupon, 10/25/43 (c) |
344,383 | 240,084 | ||||||
Zero Coupon, 12/25/43 (c) |
621,181 | 453,313 | ||||||
1.101%, -1x SOFR30A + 6.416%, 01/25/41 (a) (b) |
1,700,617 | 163,448 | ||||||
3.270%, 03/25/27 (a) |
3,309 | 3,273 | ||||||
3.500%, 02/25/43 |
1,458,463 | 1,314,096 | ||||||
3.500%, 11/25/57 |
2,275,273 | 2,120,383 | ||||||
5.000%, 03/25/40 |
1,941,672 | 1,896,308 | ||||||
5.410%, SOFR30A + 0.614%, 05/25/35 (a) |
60,809 | 60,805 | ||||||
5.500%, 12/25/35 |
526,906 | 521,815 | ||||||
5.929%, SOFR30A + 0.614%, 10/25/42 (a) |
216,026 | 209,374 | ||||||
6.000%, 01/25/36 |
787,814 | 764,388 | ||||||
6.029%, SOFR30A + 0.714%, 10/25/43 (a) |
773,353 | 752,706 | ||||||
6.029%, SOFR30A + 0.714%, 12/25/43 (a) |
740,905 | 722,029 | ||||||
6.329%, SOFR30A + 1.014%, 03/25/38 (a) |
89,568 | 89,273 | ||||||
6.429%, SOFR30A + 1.114%, 08/25/32 (a) |
230,668 | 232,542 | ||||||
6.500%, 07/18/28 |
32,651 | 32,748 | ||||||
Federal National Mortgage Association-Aces | ||||||||
1.000%, 11/25/33 |
570,912 | 536,417 | ||||||
1.200%, 10/25/30 |
982,481 | 862,819 | ||||||
1.764%, 11/25/31 (a) |
7,400,000 | 5,709,148 | ||||||
1.933%, 10/25/30 (a) (b) |
13,891,447 | 1,012,762 | ||||||
2.003%, 01/25/32 (a) |
5,000,000 | 3,896,736 | ||||||
2.048%, 11/25/33 (a) (b) |
6,981,475 | 578,269 | ||||||
2.488%, 05/25/26 |
1,302,292 | 1,214,217 | ||||||
2.548%, 12/25/26 (a) |
675,576 | 623,060 | ||||||
3.061%, 05/25/27 (a) |
2,454,636 | 2,281,841 | ||||||
3.164%, 06/25/27 (a) |
2,111,202 | 1,968,871 | ||||||
3.166%, 03/25/28 (a) |
1,598,365 | 1,473,652 | ||||||
3.171%, 02/25/30 (a) |
1,247,295 | 1,115,776 | ||||||
3.172%, 04/25/29 (a) |
1,925,276 | 1,754,468 | ||||||
3.346%, 03/25/24 (a) |
583,072 | 575,326 | ||||||
3.469%, 07/25/28 (a) |
3,757,000 | 3,496,487 | ||||||
3.501%, 01/25/24 (a) |
149,437 | 148,066 | ||||||
Agency Sponsored Mortgage - Backed(Continued) | ||||||||
Federal National Mortgage Association-Aces | ||||||||
3.665%, 09/25/28 (a) |
2,684,544 | 2,509,755 | ||||||
3.876%, 08/25/32 (a) |
2,600,000 | 2,336,403 | ||||||
FREMF Mortgage Trust |
1,700,000 | 1,581,346 | ||||||
3.786%, 04/25/28 (144A) (a) |
3,100,000 | 2,750,573 | ||||||
3.799%, 11/25/49 (144A) (a) |
2,000,000 | 1,932,680 | ||||||
4.188%, 11/25/47 (144A) (a) |
1,577,000 | 1,535,572 | ||||||
Government National Mortgage Association |
2,567,450 | 2,099,790 | ||||||
3.000%, 02/20/51 |
1,590,043 | 1,348,266 | ||||||
3.500%, 01/20/51 |
2,664,081 | 2,281,296 | ||||||
3.500%, 02/20/52 |
3,170,128 | 2,788,542 | ||||||
3.875%, 1Y H15 + 1.500%, 04/20/41 (a) |
116,399 | 114,338 | ||||||
4.000%, 01/20/52 |
2,877,063 | 2,602,569 | ||||||
4.000%, 02/20/52 |
3,354,730 | 3,021,607 | ||||||
4.000%, 08/20/52 |
6,733,429 | 6,067,439 | ||||||
4.500%, 11/20/49 |
1,765,763 | 1,632,013 | ||||||
5.000%, 05/20/52 |
3,382,121 | 3,154,041 | ||||||
5.500%, 07/20/53 |
2,683,740 | 2,615,467 | ||||||
6.858%, 1Y H15 + 1.787%, 09/20/71 (a) |
2,979,120 | 3,068,491 | ||||||
6.860%, 1Y H15 + 1.751%, 10/20/71 (a) |
3,150,539 | 3,238,196 | ||||||
6.908%, 1Y H15 + 1.837%, 08/20/71 (a) |
3,025,816 | 3,122,186 | ||||||
6.919%, 1Y H15 + 1.753%, 11/20/71 (a) |
3,346,515 | 3,444,839 | ||||||
6.962%, 1Y H15 + 1.699%, 04/20/72 (a) |
3,536,396 | 3,638,056 | ||||||
6.963%, 1Y H15 + 1.706%, 03/20/72 (a) |
2,909,385 | 2,994,731 | ||||||
6.981%, 1Y H15 + 1.730%, 04/20/72 (a) |
2,815,788 | 2,897,191 | ||||||
7.000%, 1Y H15 + 1.778%, 12/20/71 (a) |
2,980,845 | 3,072,374 | ||||||
Government National Mortgage Association REMICS | ||||||||
1.650%, 02/20/63 |
18,487 | 16,459 | ||||||
1.650%, 04/20/63 |
50,925 | 46,744 | ||||||
3.948%, 1M TSFR + 0.664%, 04/20/62 (a) |
1,378 | 1,357 | ||||||
4.441%, 04/20/43 (a) |
939,861 | 873,627 | ||||||
4.500%, 01/16/25 |
159,236 | 157,795 | ||||||
4.694%, 1M TSFR + 0.614%, 01/20/63 (a) |
10,444 | 10,204 | ||||||
4.895%, 11/20/42 (a) |
3,078,567 | 2,948,390 | ||||||
4.967%, 1M TSFR + 0.514%, 02/20/62 (a) |
18,978 | 18,525 | ||||||
5.000%, 12/20/33 |
415,621 | 408,028 | ||||||
5.000%, 06/16/39 |
61,124 | 59,635 | ||||||
5.000%, 07/20/39 |
830,342 | 803,752 | ||||||
5.000%, 10/20/39 |
842,718 | 815,777 | ||||||
5.077%, 1M TSFR + 0.414%, 11/20/62 (a) |
612 | 604 | ||||||
5.109%, 06/20/40 (a) |
1,227,817 | 1,195,149 | ||||||
5.500%, 07/16/33 (b) |
361,050 | 30,941 | ||||||
5.590%, 1M TSFR + 0.414%, 08/20/60 (a) |
345 | 342 | ||||||
5.772%, 1M TSFR + 0.454%, 12/20/62 (a) |
728,050 | 722,787 | ||||||
5.842%, 1M TSFR + 0.524%, 03/20/63 (a) |
161,584 | 160,557 | ||||||
5.852%, 1M TSFR + 0.534%, 02/20/63 (a) |
724,615 | 719,092 | ||||||
5.902%, 1M TSFR + 0.584%, 03/20/63 (a) |
592,013 | 588,518 | ||||||
5.902%, 1M TSFR + 0.584%, 07/20/64 (a) |
719,257 | 716,054 | ||||||
5.902%, 1M TSFR + 0.584%, 09/20/64 (a) |
746,949 | 742,062 | ||||||
5.912%, 1M TSFR + 0.594%, 04/20/63 (a) |
836,953 | 831,984 | ||||||
5.932%, 1M TSFR + 0.614%, 04/20/63 (a) |
2,456,098 | 2,443,204 | ||||||
5.932%, 1M TSFR + 0.614%, 06/20/64 (a) |
2,670,305 | 2,653,181 | ||||||
5.932%, 1M TSFR + 0.614%, 07/20/64 (a) |
1,194,527 | 1,184,197 | ||||||
5.939%, 1M TSFR + 0.614%, 09/20/37 (a) |
87,488 | 86,821 |
BHFTI-164
Table of Contents
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies(Continued)
Security Description | Principal Amount* |
Value | ||||||
Agency Sponsored Mortgage - Backed(Continued) | ||||||||
Government National Mortgage Association REMICS | ||||||||
6.032%, 1M TSFR + 0.714%, 04/20/64 (a) |
5,395,324 | $ | 5,371,784 | |||||
6.082%, 1M TSFR + 0.764%, 07/20/63 (a) |
226,362 | 225,795 | ||||||
6.082%, 1M TSFR + 0.764%, 01/20/64 (a) |
281,102 | 280,470 | ||||||
6.082%, 1M TSFR + 0.764%, 02/20/64 (a) |
1,162,530 | 1,160,280 | ||||||
6.082%, 1M TSFR + 0.764%, 03/20/64 (a) |
374,765 | 373,728 | ||||||
6.122%, 1M TSFR + 0.804%, 02/20/64 (a) |
1,142,617 | 1,139,554 | ||||||
6.132%, 1M TSFR + 0.814%, 09/20/63 (a) |
739,596 | 738,443 | ||||||
6.182%, 1M TSFR + 0.864%, 09/20/63 (a) |
252,789 | 252,590 | ||||||
6.432%, 1M TSFR + 1.114%, 12/20/66 (a) |
793,983 | 790,283 | ||||||
Seasoned Credit Risk Transfer Trust | ||||||||
3.000%, 10/25/62 |
3,153,511 | 2,559,951 | ||||||
3.250%, 11/25/61 |
2,375,138 | 1,965,678 | ||||||
3.500%, 05/25/57 |
3,414,340 | 3,064,751 | ||||||
3.500%, 06/25/57 |
3,166,026 | 2,888,333 | ||||||
3.500%, 07/25/58 |
2,875,622 | 2,442,283 | ||||||
3.500%, 10/25/58 |
1,307,967 | 994,221 | ||||||
4.000%, 11/25/57 |
2,455,960 | 2,271,829 | ||||||
Uniform Mortgage-Backed Security, TBA |
1,949,441 | 1,547,137 | ||||||
|
|
|||||||
369,683,507 | ||||||||
|
|
|||||||
Federal Agencies0.3% | ||||||||
Tennessee Valley Authority |
1,600,000 | 1,704,832 | ||||||
Tennessee Valley Authority Generic STRIPS |
||||||||
Zero Coupon, 03/15/32 |
1,000,000 | 651,121 | ||||||
Tennessee Valley Authority Principal STRIPS |
||||||||
Zero Coupon, 11/01/25 |
1,000,000 | 893,802 | ||||||
Zero Coupon, 06/15/35 |
750,000 | 403,423 | ||||||
|
|
|||||||
3,653,178 | ||||||||
|
|
|||||||
U.S. Treasury26.0% | ||||||||
U.S. Treasury Bonds | ||||||||
1.125%, 05/15/40 |
555,000 | 318,561 | ||||||
1.250%, 05/15/50 |
528,000 | 249,109 | ||||||
1.375%, 08/15/50 |
380,000 | 185,428 | ||||||
1.625%, 11/15/50 |
6,800,000 | 3,561,766 | ||||||
1.750%, 08/15/41 |
2,740,000 | 1,706,292 | ||||||
1.875%, 02/15/51 |
13,028,900 | 7,302,291 | ||||||
1.875%, 11/15/51 |
8,840,000 | 4,927,264 | ||||||
2.000%, 11/15/41 |
5,000 | 3,245 | ||||||
2.000%, 02/15/50 |
5,127,000 | 2,992,085 | ||||||
2.000%, 08/15/51 |
3,675,000 | 2,120,590 | ||||||
2.250%, 05/15/41 |
12,370,000 | 8,486,980 | ||||||
2.250%, 08/15/46 |
7,787,000 | 4,937,445 | ||||||
2.250%, 08/15/49 |
170,000 | 105,825 | ||||||
2.250%, 02/15/52 |
10,400,000 | 6,382,188 | ||||||
2.375%, 02/15/42 |
11,600,000 | 8,018,047 | ||||||
2.375%, 11/15/49 |
4,475,000 | 2,864,175 | ||||||
2.500%, 02/15/45 |
6,750,000 | 4,583,672 | ||||||
2.750%, 11/15/42 |
9,475,000 | 6,917,120 | ||||||
2.750%, 08/15/47 |
8,000,000 | 5,584,688 | ||||||
2.875%, 05/15/43 |
10,415,000 | 7,716,050 | ||||||
2.875%, 08/15/45 |
7,840,000 | 5,678,181 | ||||||
2.875%, 05/15/49 |
27,000 | 19,261 | ||||||
2.875%, 05/15/52 |
2,280,000 | 1,616,573 | ||||||
3.000%, 11/15/44 |
238,000 | 177,635 | ||||||
U.S. Treasury(Continued) | ||||||||
U.S. Treasury Bonds | ||||||||
3.000%, 02/15/47 |
276,000 | 202,666 | ||||||
3.000%, 02/15/48 |
470,000 | 343,871 | ||||||
3.125%, 05/15/48 |
1,942,000 | 1,454,224 | ||||||
3.500%, 02/15/39 |
859,700 | 742,667 | ||||||
3.625%, 08/15/43 |
4,950,000 | 4,130,543 | ||||||
3.625%, 02/15/44 |
4,325,000 | 3,596,170 | ||||||
3.625%, 02/15/53 |
23,981,000 | 19,833,036 | ||||||
3.750%, 11/15/43 |
2,908,000 | 2,468,392 | ||||||
3.875%, 08/15/40 |
5,950,000 | 5,282,949 | ||||||
3.875%, 02/15/43 |
435,000 | 378,586 | ||||||
3.875%, 05/15/43 |
215,000 | 186,916 | ||||||
4.000%, 11/15/42 |
4,600,000 | 4,082,859 | ||||||
4.250%, 05/15/39 |
2,850,000 | 2,686,348 | ||||||
4.375%, 02/15/38 |
720,000 | 697,641 | ||||||
4.375%, 05/15/41 |
1,200,000 | 1,131,328 | ||||||
5.250%, 02/15/29 |
500,000 | 513,672 | ||||||
U.S. Treasury Inflation-Indexed Bond |
729,540 | 708,537 | ||||||
U.S. Treasury Notes |
755,000 | 679,647 | ||||||
0.375%, 09/30/27 |
3,560,000 | 3,005,002 | ||||||
0.500%, 02/28/26 |
4,520,000 | 4,069,413 | ||||||
0.625%, 08/15/30 |
1,850,000 | 1,419,803 | ||||||
0.750%, 01/31/28 |
8,565,000 | 7,262,183 | ||||||
1.000%, 07/31/28 |
9,750,000 | 8,224,658 | ||||||
1.250%, 03/31/28 |
7,080,000 | 6,110,648 | ||||||
1.250%, 06/30/28 |
7,779,500 | 6,661,805 | ||||||
1.250%, 08/15/31 |
770,000 | 601,833 | ||||||
1.375%, 11/15/31 |
2,148,500 | 1,684,055 | ||||||
1.500%, 02/15/30 |
1,105,000 | 915,941 | ||||||
1.625%, 05/15/31 |
3,640,000 | 2,955,225 | ||||||
1.875%, 02/28/29 |
9,200,000 | 7,989,625 | ||||||
1.875%, 02/15/32 |
18,050,000 | 14,662,100 | ||||||
2.000%, 11/15/26 |
910,000 | 837,022 | ||||||
2.250%, 02/15/27 |
550,000 | 507,525 | ||||||
2.500%, 02/28/26 |
405,000 | 382,946 | ||||||
2.750%, 04/30/27 |
15,000,000 | 14,026,758 | ||||||
2.750%, 07/31/27 |
6,113,000 | 5,694,403 | ||||||
2.750%, 05/31/29 |
1,080,000 | 978,413 | ||||||
2.875%, 05/15/28 |
6,936,100 | 6,427,814 | ||||||
2.875%, 04/30/29 |
23,000,000 | 21,004,570 | ||||||
2.875%, 05/15/32 |
3,365,000 | 2,953,708 | ||||||
3.125%, 08/31/27 |
6,570,000 | 6,200,694 | ||||||
3.125%, 08/31/29 |
6,485,000 | 5,976,333 | ||||||
3.375%, 05/15/33 |
10,280,000 | 9,322,675 | ||||||
4.000%, 10/31/29 |
13,000,000 | 12,551,602 | ||||||
U.S. Treasury STRIPS Coupon | ||||||||
Zero Coupon, 11/15/26 |
1,014,129 | 874,299 | ||||||
Zero Coupon, 08/15/27 |
400,000 | 333,946 | ||||||
Zero Coupon, 11/15/27 |
570,000 | 470,505 | ||||||
Zero Coupon, 05/15/28 |
15,030,000 | 12,130,262 | ||||||
Zero Coupon, 08/15/28 |
250,000 | 199,657 | ||||||
Zero Coupon, 02/15/30 |
6,300,000 | 4,684,150 | ||||||
Zero Coupon, 05/15/30 |
700,000 | 514,861 | ||||||
Zero Coupon, 08/15/30 |
3,925,000 | 2,849,727 | ||||||
Zero Coupon, 11/15/30 |
5,425,000 | 3,893,867 | ||||||
Zero Coupon, 02/15/31 |
1,775,000 | 1,260,614 |
BHFTI-165
Table of Contents
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies(Continued)
Security Description | Principal Amount* |
Value | ||||||
U.S. Treasury(Continued) | ||||||||
U.S. Treasury STRIPS Coupon | ||||||||
Zero Coupon, 11/15/31 |
3,000,000 | $ | 2,055,216 | |||||
Zero Coupon, 02/15/32 |
12,900,000 | 8,725,688 | ||||||
Zero Coupon, 05/15/32 |
800,000 | 534,661 | ||||||
Zero Coupon, 08/15/33 |
400,000 | 250,705 | ||||||
Zero Coupon, 11/15/33 |
1,000,000 | 619,827 | ||||||
Zero Coupon, 02/15/34 |
2,000,000 | 1,221,966 | ||||||
Zero Coupon, 08/15/34 |
2,600,000 | 1,549,954 | ||||||
Zero Coupon, 05/15/35 |
4,000,000 | 2,296,073 | ||||||
|
|
|||||||
332,467,255 | ||||||||
|
|
|||||||
Total U.S. Treasury & Government Agencies |
705,803,940 | |||||||
|
|
|||||||
Corporate Bonds & Notes28.1% |
| |||||||
Aerospace/Defense0.6% | ||||||||
BAE Systems PLC |
720,000 | 555,545 | ||||||
3.000%, 09/15/50 (144A) |
332,000 | 203,579 | ||||||
Boeing Co. |
905,000 | 830,956 | ||||||
2.750%, 02/01/26 |
592,000 | 552,949 | ||||||
3.100%, 05/01/26 |
360,000 | 336,137 | ||||||
3.250%, 03/01/28 |
659,000 | 592,203 | ||||||
4.875%, 05/01/25 |
435,000 | 427,526 | ||||||
5.040%, 05/01/27 (f) |
335,000 | 327,081 | ||||||
5.150%, 05/01/30 (f) |
675,000 | 644,961 | ||||||
5.705%, 05/01/40 |
550,000 | 507,431 | ||||||
L3Harris Technologies, Inc. |
704,000 | 676,736 | ||||||
Northrop Grumman Corp. |
182,000 | 135,509 | ||||||
RTX Corp. |
1,260,000 | 721,388 | ||||||
3.750%, 11/01/46 |
550,000 | 389,459 | ||||||
4.350%, 04/15/47 |
133,000 | 103,509 | ||||||
4.500%, 06/01/42 |
550,000 | 449,931 | ||||||
5.150%, 02/27/33 |
582,000 | 551,134 | ||||||
|
|
|||||||
8,006,034 | ||||||||
|
|
|||||||
Agriculture0.3% | ||||||||
Altria Group, Inc. |
1,250,000 | 942,972 | ||||||
BAT Capital Corp. |
465,000 | 393,264 | ||||||
3.734%, 09/25/40 |
310,000 | 207,888 | ||||||
4.390%, 08/15/37 |
660,000 | 505,037 | ||||||
4.540%, 08/15/47 |
544,000 | 374,458 | ||||||
BAT International Finance PLC |
345,000 | 310,833 | ||||||
Bunge Ltd. Finance Corp. |
1,205,000 | 975,987 | ||||||
Reynolds American, Inc. |
570,000 | 533,483 | ||||||
|
|
|||||||
4,243,922 | ||||||||
|
|
|||||||
Airlines0.6% | ||||||||
Air Canada Pass-Through Trust |
380,928 | 333,259 | ||||||
3.550%, 01/15/30 (144A) |
540,144 | 459,262 | ||||||
4.125%, 05/15/25 (144A) |
649,722 | 618,877 | ||||||
British Airways Pass-Through Trust |
480,509 | 413,606 | ||||||
3.800%, 09/20/31 (144A) |
436,684 | 401,300 | ||||||
4.125%, 09/20/31 (144A) |
586,703 | 518,590 | ||||||
Continental Airlines Pass-Through Trust |
105,945 | 103,407 | ||||||
Spirit Airlines Pass-Through Trust |
213,273 | 185,193 | ||||||
United Airlines Pass-Through Trust |
684,435 | 587,733 | ||||||
3.500%, 03/01/30 |
985,894 | 873,751 | ||||||
3.700%, 03/01/30 |
930,447 | 797,012 | ||||||
4.000%, 04/11/26 |
336,524 | 319,712 | ||||||
4.150%, 08/25/31 |
1,017,741 | 922,254 | ||||||
4.300%, 08/15/25 |
461,412 | 441,472 | ||||||
4.600%, 03/01/26 |
451,423 | 425,504 | ||||||
|
|
|||||||
7,400,932 | ||||||||
|
|
|||||||
Auto Manufacturers0.5% | ||||||||
General Motors Financial Co., Inc. |
410,000 | 389,681 | ||||||
1.250%, 01/08/26 |
1,376,000 | 1,229,834 | ||||||
2.350%, 01/08/31 |
424,000 | 320,709 | ||||||
2.700%, 06/10/31 |
1,050,000 | 803,629 | ||||||
Hyundai Capital America |
325,000 | 292,640 | ||||||
1.500%, 06/15/26 (144A) |
645,000 | 572,870 | ||||||
1.800%, 10/15/25 (144A) |
380,000 | 349,415 | ||||||
1.800%, 01/10/28 (144A) |
635,000 | 531,987 | ||||||
2.375%, 10/15/27 (144A) |
400,000 | 346,294 | ||||||
3.000%, 02/10/27 (144A) |
240,000 | 217,439 | ||||||
Stellantis Finance U.S., Inc. |
606,000 | 467,068 | ||||||
Volkswagen Group of America Finance LLC |
300,000 | 255,697 | ||||||
|
|
|||||||
5,777,263 | ||||||||
|
|
|||||||
Auto Parts & Equipment0.0% | ||||||||
Lear Corp. |
355,000 | 268,031 | ||||||
|
|
|||||||
Banks8.4% | ||||||||
ABN AMRO Bank NV |
200,000 | 165,158 | ||||||
AIB Group PLC |
425,000 | 418,949 | ||||||
Australia & New Zealand Banking Group Ltd. |
200,000 | 190,711 | ||||||
Banco Nacional de Panama |
950,000 | 736,377 |
BHFTI-166
Table of Contents
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Banks(Continued) | ||||||||
Banco Santander SA |
200,000 | $ | 174,881 | |||||
1.849%, 03/25/26 |
600,000 | 539,596 | ||||||
2.746%, 05/28/25 |
600,000 | 565,066 | ||||||
5.147%, 08/18/25 |
200,000 | 195,801 | ||||||
5.588%, 08/08/28 |
1,600,000 | 1,565,184 | ||||||
Bank of America Corp. |
2,045,000 | 1,834,760 | ||||||
1.898%, SOFR + 1.530%, 07/23/31 (a) |
445,000 | 338,136 | ||||||
2.087%, SOFR + 1.060%, 06/14/29 (a) |
1,018,000 | 852,203 | ||||||
2.572%, SOFR + 1.210%, 10/20/32 (a) |
855,000 | 656,976 | ||||||
3.366%, 3M TSFR + 1.072%, 01/23/26 (a) |
600,000 | 576,804 | ||||||
3.705%, 3M TSFR + 1.774%, 04/24/28 (a) |
2,500,000 | 2,302,482 | ||||||
3.970%, 3M TSFR + 1.332%, 03/05/29 (a) |
382,000 | 349,922 | ||||||
4.250%, 10/22/26 |
520,000 | 493,980 | ||||||
4.376%, SOFR + 1.580%, 04/27/28 (a) |
1,100,000 | 1,038,680 | ||||||
5.080%, SOFR + 1.290%, 01/20/27 (a) |
864,000 | 844,519 | ||||||
5.202%, SOFR + 1.630%, 04/25/29 (a) |
1,460,000 | 1,406,423 | ||||||
5.288%, SOFR + 1.910%, 04/25/34 (a) |
1,600,000 | 1,488,818 | ||||||
5.819%, SOFR + 1.570%, 09/15/29 (a) |
1,580,000 | 1,560,609 | ||||||
Bank of Ireland Group PLC |
655,000 | 573,829 | ||||||
6.253%, 1Y H15 + 2.650%, 09/16/26 (144A) (a) |
862,000 | 856,597 | ||||||
Bank of Montreal |
433,000 | 378,218 | ||||||
5.717%, 09/25/28 |
960,000 | 949,799 | ||||||
Bank of Nova Scotia |
1,040,000 | 979,360 | ||||||
Banque Federative du Credit Mutuel SA |
840,000 | 739,779 | ||||||
5.790%, 07/13/28 (144A) |
855,000 | 848,446 | ||||||
5.896%, 07/13/26 (144A) |
995,000 | 989,507 | ||||||
Barclays PLC |
1,102,000 | 1,090,001 | ||||||
2.894%, 1Y H15 + 1.300%, 11/24/32 (a) |
460,000 | 346,156 | ||||||
6.496%, SOFR + 1.880%, 09/13/27 (a) |
1,655,000 | 1,650,609 | ||||||
BNP Paribas SA |
1,346,000 | 1,109,808 | ||||||
2.219%, SOFR + 2.074%, 06/09/26 (144A) (a) |
402,000 | 375,151 | ||||||
3.132%, SOFR + 1.561%, 01/20/33 (144A) (a) |
586,000 | 460,412 | ||||||
BPCE SA |
570,000 | 509,739 | ||||||
1.652%, SOFR + 1.520%, 10/06/26 (144A) (a) |
534,000 | 484,621 | ||||||
2.277%, SOFR + 1.312%, 01/20/32 (144A) (a) |
415,000 | 310,459 | ||||||
3.375%, 12/02/26 |
700,000 | 647,924 | ||||||
4.625%, 07/11/24 (144A) |
400,000 | 392,352 | ||||||
Citigroup, Inc. |
915,000 | 708,299 | ||||||
3.057%, SOFR + 1.351%, 01/25/33 (a) |
527,000 | 416,613 | ||||||
3.668%, 3M TSFR + 1.652%, 07/24/28 (a) |
1,952,000 | 1,790,596 | ||||||
3.878%, 3M TSFR + 1.430%, 01/24/39 (a) |
150,000 | 116,152 | ||||||
4.300%, 11/20/26 |
750,000 | 711,085 | ||||||
4.400%, 06/10/25 (f) |
566,000 | 549,209 | ||||||
4.450%, 09/29/27 |
1,294,000 | 1,214,870 | ||||||
Commonwealth Bank of Australia |
355,000 | 227,149 | ||||||
Banks(Continued) | ||||||||
Cooperatieve Rabobank UA |
513,000 | 477,681 | ||||||
4.375%, 08/04/25 |
424,000 | 409,156 | ||||||
Credit Agricole SA |
2,283,000 | 2,039,122 | ||||||
1.907%, SOFR + 1.676%, 06/16/26 (144A) (a) |
750,000 | 697,215 | ||||||
2.811%, 01/11/41 (144A) |
410,000 | 251,980 | ||||||
4.375%, 03/17/25 (144A) |
295,000 | 285,058 | ||||||
Credit Suisse AG |
1,750,000 | 1,529,432 | ||||||
7.950%, 01/09/25 |
1,073,000 | 1,091,973 | ||||||
Danske Bank AS |
440,000 | 439,195 | ||||||
Deutsche Bank AG |
615,000 | 556,176 | ||||||
3.035%, SOFR + 1.718%, 05/28/32 (a) |
1,351,000 | 1,033,834 | ||||||
Discover Bank |
1,229,000 | 1,163,232 | ||||||
DNB Bank ASA |
1,030,000 | 884,732 | ||||||
Federation des Caisses Desjardins du Quebec |
700,000 | 690,981 | ||||||
Fifth Third Bancorp |
200,000 | 213,179 | ||||||
Goldman Sachs Group, Inc. |
2,000,000 | 1,780,579 | ||||||
1.948%, SOFR + 0.913%, 10/21/27 (a) |
781,000 | 689,586 | ||||||
1.992%, SOFR + 1.090%, 01/27/32 (a) |
950,000 | 712,142 | ||||||
2.640%, SOFR + 1.114%, 02/24/28 (a) |
920,000 | 820,368 | ||||||
3.691%, 3M TSFR + 1.772%, 06/05/28 (a) |
2,614,000 | 2,409,042 | ||||||
4.411%, 3M TSFR + 1.692%, 04/23/39 (a) |
445,000 | 366,264 | ||||||
HSBC Holdings PLC |
630,000 | 519,266 | ||||||
2.357%, SOFR + 1.947%, 08/18/31 (a) |
890,000 | 683,612 | ||||||
3.900%, 05/25/26 |
200,000 | 189,232 | ||||||
4.041%, 3M TSFR + 1.808%, 03/13/28 (a) |
432,000 | 399,793 | ||||||
4.292%, 3M TSFR + 1.609%, 09/12/26 (a) |
300,000 | 288,234 | ||||||
6.100%, 01/14/42 (f) |
370,000 | 368,611 | ||||||
6.500%, 09/15/37 |
930,000 | 873,031 | ||||||
7.390%, SOFR + 3.350%, 11/03/28 (a) |
910,000 | 941,433 | ||||||
ING Groep NV |
285,000 | 254,987 | ||||||
6.083%, SOFR + 1.560%, 09/11/27 (a) |
930,000 | 925,867 | ||||||
KeyCorp |
170,000 | 141,704 | ||||||
Lloyds Banking Group PLC |
720,000 | 638,589 | ||||||
4.500%, 11/04/24 |
685,000 | 669,563 | ||||||
4.582%, 12/10/25 |
400,000 | 382,534 | ||||||
Macquarie Bank Ltd. |
825,000 | 615,225 | ||||||
Macquarie Group Ltd. |
1,820,000 | 1,737,044 | ||||||
6.207%, 11/22/24 (144A) |
913,000 | 912,590 | ||||||
Mitsubishi UFJ Financial Group, Inc. | ||||||||
1.538%, 1Y H15 + 0.750%, 07/20/27 (a) |
660,000 | 584,581 |
BHFTI-167
Table of Contents
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Banks(Continued) | ||||||||
Mitsubishi UFJ Financial Group, Inc. | ||||||||
2.048%, 07/17/30 |
1,020,000 | $ | 794,657 | |||||
3.751%, 07/18/39 (f) |
615,000 | 480,300 | ||||||
5.242%, 1Y H15 + 1.700%, 04/19/29 (a) (f) |
430,000 | 417,961 | ||||||
Mizuho Financial Group, Inc. |
772,000 | 681,272 | ||||||
2.226%, 3M TSFR + 1.092%, 05/25/26 (a) |
795,000 | 743,032 | ||||||
2.869%, 3M TSFR + 1.572%, 09/13/30 (a) |
539,000 | 449,165 | ||||||
5.778%, 1Y H15 + 1.650%, 07/06/29 (a) |
790,000 | 779,029 | ||||||
Morgan Stanley |
251,000 | 243,591 | ||||||
3.591%, 07/22/28 (a) |
1,067,000 | 973,509 | ||||||
3.772%, 3M TSFR + 1.402%, 01/24/29 (a) |
278,000 | 253,495 | ||||||
4.300%, 01/27/45 |
400,000 | 316,042 | ||||||
4.431%, 3M TSFR + 1.890%, 01/23/30 (a) |
1,157,000 | 1,070,392 | ||||||
4.457%, 3M TSFR + 1.693%, 04/22/39 (a) |
850,000 | 709,753 | ||||||
5.123%, SOFR + 1.730%, 02/01/29 (a) |
380,000 | 365,946 | ||||||
5.164%, SOFR + 1.590%, 04/20/29 (a) |
1,215,000 | 1,168,897 | ||||||
5.449%, SOFR + 1.630%, 07/20/29 (a) |
275,000 | 267,979 | ||||||
National Australia Bank Ltd. |
470,000 | 355,368 | ||||||
3.933%, 5Y H15 + 1.880%, 08/02/34 (144A) (a) |
800,000 | 683,560 | ||||||
NatWest Group PLC |
700,000 | 666,500 | ||||||
4.269%, 3M LIBOR + 1.762%, 03/22/25 (a) |
480,000 | 474,859 | ||||||
4.800%, 04/05/26 |
1,037,000 | 1,001,632 | ||||||
4.892%, 3M LIBOR + 1.754%, 05/18/29 (a) |
290,000 | 271,236 | ||||||
5.808%, 1Y H15 + 1.950%, 09/13/29 (a) |
570,000 | 552,936 | ||||||
6.016%, 1Y H15 + 2.100%, 03/02/34 (a) |
565,000 | 542,244 | ||||||
Nordea Bank Abp |
555,000 | 541,965 | ||||||
PNC Financial Services Group, Inc. |
964,000 | 874,203 | ||||||
Santander U.K. Group Holdings PLC |
680,000 | 594,795 | ||||||
6.534%, SOFR + 2.600%, 01/10/29 (a) |
1,300,000 | 1,287,965 | ||||||
6.833%, SOFR + 2.749%, 11/21/26 (a) |
871,000 | 875,878 | ||||||
Societe Generale SA |
1,552,000 | 1,385,573 | ||||||
1.792%, 1Y H15 + 1.000%, 06/09/27 (144A) (a) |
720,000 | 634,651 | ||||||
2.889%, 1Y H15 + 1.300%, 06/09/32 (144A) (a) |
1,670,000 | 1,263,559 | ||||||
4.250%, 04/14/25 (144A) |
785,000 | 753,913 | ||||||
Standard Chartered PLC |
1,073,000 | 957,908 | ||||||
2.819%, 3M LIBOR + 1.209%, 01/30/26 (144A) (a) |
740,000 | 703,909 | ||||||
4.866%, 5Y USD ICE Swap + 1.970%, 03/15/33 (144A) (a) |
300,000 | 268,506 | ||||||
Sumitomo Mitsui Financial Group, Inc. |
212,000 | 195,187 | ||||||
3.040%, 07/16/29 |
1,020,000 | 871,330 | ||||||
5.520%, 01/13/28 |
960,000 | 946,890 | ||||||
5.710%, 01/13/30 |
960,000 | 939,282 | ||||||
Swedbank AB |
885,000 | 881,387 | ||||||
Toronto-Dominion Bank |
520,000 | 513,260 | ||||||
5.532%, 07/17/26 |
1,390,000 | 1,379,869 | ||||||
Banks(Continued) | ||||||||
Truist Financial Corp. |
900,000 | 890,210 | ||||||
UBS Group AG |
810,000 | 718,314 | ||||||
2.193%, SOFR + 2.044%, 06/05/26 (144A) (a) |
360,000 | 334,821 | ||||||
2.593%, SOFR + 1.560%, 09/11/25 (144A) (a) |
314,000 | 302,219 | ||||||
3.869%, 3M LIBOR + 1.410%, 01/12/29 (144A) (a) |
905,000 | 819,734 | ||||||
4.282%, 01/09/28 (144A) |
783,000 | 719,914 | ||||||
UniCredit SpA |
345,000 | 304,763 | ||||||
2.569%, 1Y H15 + 2.300%, 09/22/26 (144A) (a) |
710,000 | 650,415 | ||||||
5.861%, 5Y USD ICE Swap + 3.703%, 06/19/32 (144A) (a) |
455,000 | 414,123 | ||||||
7.296%, 5Y USD ICE Swap + 4.914%, 04/02/34 (144A) (a) |
230,000 | 216,667 | ||||||
Wells Fargo & Co. |
595,000 | 462,651 | ||||||
5.375%, 11/02/43 |
1,005,000 | 871,330 | ||||||
5.557%, SOFR + 1.990%, 07/25/34 (a) |
425,000 | 402,425 | ||||||
5.574%, SOFR + 1.740%, 07/25/29 (a) |
1,220,000 | 1,190,222 | ||||||
Westpac Banking Corp. |
693,000 | 425,871 | ||||||
4.322%, 5Y USD ICE Swap + 2.236%, 11/23/31 (a) |
1,050,000 | 972,553 | ||||||
|
|
|||||||
107,219,215 | ||||||||
|
|
|||||||
Beverages0.3% | ||||||||
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. 4.700%, 02/01/36 |
1,103,000 | 1,010,939 | ||||||
Anheuser-Busch InBev Finance, Inc. |
185,000 | 158,383 | ||||||
Anheuser-Busch InBev Worldwide, Inc. |
1,300,000 | 1,127,006 | ||||||
4.439%, 10/06/48 |
950,000 | 782,247 | ||||||
Coca-Cola Femsa SAB de CV |
515,000 | 383,145 | ||||||
2.750%, 01/22/30 |
276,000 | 234,592 | ||||||
Constellation Brands, Inc. |
180,000 | 159,540 | ||||||
Molson Coors Beverage Co. |
249,000 | 187,261 | ||||||
|
|
|||||||
4,043,113 | ||||||||
|
|
|||||||
Biotechnology0.4% | ||||||||
Amgen, Inc. |
430,000 | 362,011 | ||||||
3.000%, 01/15/52 (f) |
595,000 | 359,440 | ||||||
5.250%, 03/02/33 |
955,000 | 912,941 | ||||||
5.600%, 03/02/43 |
500,000 | 464,841 | ||||||
5.650%, 03/02/53 |
515,000 | 482,000 | ||||||
Baxalta, Inc. |
27,000 | 24,048 | ||||||
Gilead Sciences, Inc. |
945,000 | 623,769 | ||||||
Regeneron Pharmaceuticals, Inc. |
1,000,000 | 769,450 | ||||||
Royalty Pharma PLC |
303,000 | 275,352 | ||||||
2.150%, 09/02/31 |
447,000 | 334,501 | ||||||
|
|
|||||||
4,608,353 | ||||||||
|
|
BHFTI-168
Table of Contents
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Building Materials0.2% | ||||||||
CRH America Finance, Inc. |
214,000 | $ | 197,601 | |||||
Lennox International, Inc. |
1,630,000 | 1,501,258 | ||||||
Martin Marietta Materials, Inc. |
499,000 | 463,162 | ||||||
Masco Corp. |
260,000 | 199,044 | ||||||
6.500%, 08/15/32 |
720,000 | 725,296 | ||||||
|
|
|||||||
3,086,361 | ||||||||
|
|
|||||||
Chemicals0.2% | ||||||||
Albemarle Corp. |
350,000 | 301,031 | ||||||
DuPont de Nemours, Inc. |
945,000 | 883,952 | ||||||
EIDP, Inc. |
802,000 | 781,167 | ||||||
International Flavors & Fragrances, Inc. |
330,000 | 274,090 | ||||||
Nutrien Ltd. |
200,000 | 191,136 | ||||||
4.125%, 03/15/35 |
620,000 | 516,198 | ||||||
|
|
|||||||
2,947,574 | ||||||||
|
|
|||||||
Commercial Services0.6% | ||||||||
ERAC USA Finance LLC |
500,000 | 541,151 | ||||||
Ford Foundation |
275,000 | 151,103 | ||||||
Global Payments, Inc. |
211,000 | 172,983 | ||||||
2.900%, 11/15/31 (f) |
404,000 | 316,926 | ||||||
3.200%, 08/15/29 |
1,437,000 | 1,222,049 | ||||||
5.300%, 08/15/29 |
272,000 | 259,392 | ||||||
Pepperdine University |
450,000 | 272,713 | ||||||
Quanta Services, Inc. |
855,000 | 641,583 | ||||||
2.900%, 10/01/30 |
1,110,000 | 905,361 | ||||||
S&P Global, Inc. |
581,000 | 478,175 | ||||||
4.250%, 05/01/29 |
1,056,000 | 996,881 | ||||||
Triton Container International Ltd. |
850,000 | 817,980 | ||||||
University of Southern California |
440,000 | 241,615 | ||||||
Verisk Analytics, Inc. |
635,000 | 631,439 | ||||||
|
|
|||||||
7,649,351 | ||||||||
|
|
|||||||
Computers0.3% | ||||||||
Apple, Inc. |
965,000 | 587,610 | ||||||
3.750%, 11/13/47 |
200,000 | 155,087 | ||||||
3.850%, 08/04/46 |
362,000 | 286,441 | ||||||
Computers(Continued) | ||||||||
CGI, Inc. |
659,000 | 581,307 | ||||||
2.300%, 09/14/31 |
1,184,000 | 888,686 | ||||||
Dell International LLC/EMC Corp. |
610,000 | 612,378 | ||||||
Leidos, Inc. |
365,000 | 280,695 | ||||||
|
|
|||||||
3,392,204 | ||||||||
|
|
|||||||
Cosmetics/Personal Care0.2% | ||||||||
Estee Lauder Cos., Inc. |
1,470,000 | 1,233,360 | ||||||
Haleon U.S. Capital LLC |
780,000 | 699,470 | ||||||
|
|
|||||||
1,932,830 | ||||||||
|
|
|||||||
Distribution/Wholesale0.0% | ||||||||
WW Grainger, Inc. |
190,000 | 162,543 | ||||||
|
|
|||||||
Diversified Financial Services1.9% | ||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust |
393,000 | 354,671 | ||||||
2.450%, 10/29/26 |
390,000 | 349,321 | ||||||
2.875%, 08/14/24 |
770,000 | 747,893 | ||||||
3.000%, 10/29/28 |
485,000 | 415,877 | ||||||
3.300%, 01/30/32 |
460,000 | 365,659 | ||||||
4.450%, 04/03/26 |
478,000 | 458,902 | ||||||
6.100%, 01/15/27 |
990,000 | 985,153 | ||||||
6.500%, 07/15/25 |
208,000 | 208,240 | ||||||
Air Lease Corp. |
600,000 | 558,642 | ||||||
3.250%, 03/01/25 |
484,000 | 463,246 | ||||||
3.250%, 10/01/29 |
1,065,000 | 906,063 | ||||||
3.375%, 07/01/25 |
1,266,000 | 1,202,693 | ||||||
Aviation Capital Group LLC |
698,000 | 686,194 | ||||||
Avolon Holdings Funding Ltd. |
445,000 | 398,624 | ||||||
2.528%, 11/18/27 (144A) |
5,211,000 | 4,398,874 | ||||||
2.875%, 02/15/25 (144A) |
1,839,000 | 1,736,196 | ||||||
4.250%, 04/15/26 (144A) |
885,000 | 831,808 | ||||||
4.375%, 05/01/26 (144A) |
540,000 | 507,026 | ||||||
5.250%, 05/15/24 (144A) |
805,000 | 797,258 | ||||||
5.500%, 01/15/26 (144A) |
1,140,000 | 1,103,620 | ||||||
BOC Aviation Ltd. |
385,000 | 374,555 | ||||||
Brookfield Finance, Inc. |
358,000 | 329,737 | ||||||
4.700%, 09/20/47 |
84,000 | 65,425 | ||||||
4.850%, 03/29/29 |
485,000 | 459,055 | ||||||
Capital One Financial Corp. | ||||||||
1.878%, SOFR + 0.855%, 11/02/27 (a) |
324,000 | 281,960 | ||||||
2.618%, SOFR + 1.265%, 11/02/32 (a) |
735,000 | 538,592 | ||||||
4.200%, 10/29/25 |
200,000 | 190,709 |
BHFTI-169
Table of Contents
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Diversified Financial Services(Continued) | ||||||||
Capital One Financial Corp. | ||||||||
4.985%, SOFR + 2.160%, 07/24/26 (a) (f) |
540,000 | $ | 523,937 | |||||
6.312%, SOFR + 2.640%, 06/08/29 (a) |
570,000 | 557,059 | ||||||
LSEGA Financing PLC |
1,445,000 | 1,227,222 | ||||||
Nasdaq, Inc. |
300,000 | 286,336 | ||||||
Nomura Holdings, Inc. |
845,000 | 806,103 | ||||||
2.679%, 07/16/30 |
540,000 | 428,753 | ||||||
Park Aerospace Holdings Ltd. |
96,000 | 95,522 | ||||||
|
|
|||||||
23,640,925 | ||||||||
|
|
|||||||
Electric2.7% | ||||||||
AEP Transmission Co. LLC |
225,000 | 144,292 | ||||||
Alexander Funding Trust |
800,000 | 794,711 | ||||||
Baltimore Gas & Electric Co. |
1,510,000 | 1,422,827 | ||||||
Berkshire Hathaway Energy Co. |
325,000 | 326,506 | ||||||
CenterPoint Energy, Inc. |
699,000 | 626,063 | ||||||
Cleveland Electric Illuminating Co. |
250,000 | 227,496 | ||||||
Constellation Energy Generation LLC |
260,000 | 234,584 | ||||||
5.800%, 03/01/33 |
790,000 | 770,277 | ||||||
6.250%, 10/01/39 |
160,000 | 154,982 | ||||||
Consumers Energy Co. |
191,000 | 140,477 | ||||||
Delmarva Power & Light Co. |
500,000 | 376,627 | ||||||
Dominion Energy, Inc. |
183,000 | 169,019 | ||||||
DTE Electric Co. |
300,000 | 282,475 | ||||||
Duke Energy Corp. |
660,000 | 640,079 | ||||||
Duke Energy Indiana LLC |
350,000 | 247,022 | ||||||
Duke Energy Progress LLC |
470,000 | 277,168 | ||||||
4.100%, 03/15/43 |
200,000 | 154,195 | ||||||
4.375%, 03/30/44 |
247,000 | 197,204 | ||||||
5.700%, 04/01/35 |
360,000 | 351,137 | ||||||
Duquesne Light Holdings, Inc. |
||||||||
2.532%, 10/01/30 (144A) |
450,000 | 349,948 | ||||||
2.775%, 01/07/32 (144A) |
280,000 | 208,227 | ||||||
3.616%, 08/01/27 (144A) |
1,050,000 | 940,185 | ||||||
Edison International |
1,180,000 | 1,146,648 | ||||||
Electric(Continued) | ||||||||
Emera U.S. Finance LP |
500,000 | 368,865 | ||||||
Enel Finance International NV |
465,000 | 417,868 | ||||||
Entergy Arkansas LLC |
285,000 | 158,785 | ||||||
Entergy Corp. |
194,000 | 179,318 | ||||||
Entergy Louisiana LLC |
414,000 | 377,316 | ||||||
2.900%, 03/15/51 |
390,000 | 229,393 | ||||||
3.050%, 06/01/31 |
195,000 | 162,020 | ||||||
Evergy Metro, Inc. |
315,000 | 284,899 | ||||||
Fells Point Funding Trust |
1,895,000 | 1,718,352 | ||||||
Florida Power & Light Co. |
1,250,000 | 1,251,415 | ||||||
Fortis, Inc. |
929,000 | 851,432 | ||||||
ITC Holdings Corp. |
330,000 | 273,702 | ||||||
Jersey Central Power & Light Co. |
200,000 | 196,242 | ||||||
Massachusetts Electric Co. |
402,000 | 274,549 | ||||||
Mid-Atlantic Interstate Transmission LLC |
340,000 | 316,399 | ||||||
Nevada Power Co. |
223,000 | 200,705 | ||||||
6.650%, 04/01/36 |
360,000 | 369,056 | ||||||
New England Power Co. |
280,000 | 199,136 | ||||||
New York State Electric & Gas Corp. |
434,000 | 398,957 | ||||||
NextEra Energy Capital Holdings, Inc. |
1,340,000 | 1,336,237 | ||||||
Niagara Mohawk Power Corp. |
700,000 | 545,096 | ||||||
Northern States Power Co. |
628,000 | 643,575 | ||||||
NRG Energy, Inc. |
560,000 | 506,764 | ||||||
2.450%, 12/02/27 (144A) |
625,000 | 529,792 | ||||||
Ohio Power Co. |
635,000 | 376,392 | ||||||
Oncor Electric Delivery Co. LLC |
670,000 | 425,296 | ||||||
Pacific Gas & Electric Co. |
1,905,000 | 1,754,573 | ||||||
3.450%, 07/01/25 |
600,000 | 569,178 | ||||||
3.750%, 08/15/42 |
245,000 | 157,162 | ||||||
4.300%, 03/15/45 |
420,000 | 284,213 | ||||||
6.400%, 06/15/33 |
615,000 | 592,758 | ||||||
PacifiCorp |
45,000 | 38,165 |
BHFTI-170
Table of Contents
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Electric(Continued) | ||||||||
Pennsylvania Electric Co. |
113,000 | $ | 101,391 | |||||
PG&E Recovery Funding LLC |
630,000 | 593,239 | ||||||
PG&E Wildfire Recovery Funding LLC |
465,000 | 420,012 | ||||||
5.099%, 06/01/52 |
675,000 | 604,714 | ||||||
5.212%, 12/01/47 |
360,000 | 327,933 | ||||||
Progress Energy, Inc. |
200,000 | 210,682 | ||||||
Public Service Co. of Oklahoma |
600,000 | 605,844 | ||||||
Puget Energy, Inc. |
853,000 | 729,673 | ||||||
San Diego Gas & Electric Co. |
635,000 | 384,518 | ||||||
SCE Recovery Funding LLC |
650,000 | 605,055 | ||||||
Sigeco Securitization I LLC |
616,000 | 587,649 | ||||||
Southern California Edison Co. |
500,000 | 460,951 | ||||||
5.550%, 01/15/36 |
500,000 | 463,704 | ||||||
5.875%, 12/01/53 |
713,000 | 670,064 | ||||||
Southern Power Co. |
400,000 | 342,962 | ||||||
Southwestern Public Service Co. |
250,000 | 200,137 | ||||||
Tampa Electric Co. |
500,000 | 389,216 | ||||||
Toledo Edison Co. |
400,000 | 400,681 | ||||||
Virginia Electric & Power Co. |
126,000 | 100,310 | ||||||
6.000%, 05/15/37 |
685,000 | 678,933 | ||||||
|
|
|||||||
35,047,427 | ||||||||
|
|
|||||||
Electronics0.0% | ||||||||
Arrow Electronics, Inc. |
376,000 | 342,873 | ||||||
|
|
|||||||
Engineering & Construction0.0% | ||||||||
Mexico City Airport Trust |
200,000 | 152,126 | ||||||
|
|
|||||||
Food0.5% | ||||||||
Bimbo Bakeries USA, Inc. |
695,000 | 491,892 | ||||||
Campbell Soup Co. |
287,000 | 174,583 | ||||||
Conagra Brands, Inc. |
205,000 | 180,283 | ||||||
JBS USA LUX SA/JBS USA Food Co./JBS Luxembourg Sarl |
910,000 | 885,421 | ||||||
Kellogg Co. |
747,000 | 713,781 | ||||||
Food(Continued) | ||||||||
Kraft Heinz Foods Co. |
460,000 | 358,451 | ||||||
4.625%, 10/01/39 |
600,000 | 506,792 | ||||||
Kroger Co. |
610,000 | 680,394 | ||||||
McCormick & Co., Inc. |
1,239,000 | 1,011,459 | ||||||
Smithfield Foods, Inc. |
1,160,000 | 886,715 | ||||||
5.200%, 04/01/29 (144A) |
1,100,000 | 1,004,709 | ||||||
|
|
|||||||
6,894,480 | ||||||||
|
|
|||||||
Gas0.4% | ||||||||
APA Infrastructure Ltd. |
700,000 | 680,786 | ||||||
4.250%, 07/15/27 (144A) |
687,000 | 647,942 | ||||||
Atmos Energy Corp. |
460,000 | 367,249 | ||||||
Brooklyn Union Gas Co. |
500,000 | 347,239 | ||||||
KeySpan Gas East Corp. |
345,000 | 314,188 | ||||||
NiSource, Inc. |
570,000 | 426,272 | ||||||
2.950%, 09/01/29 |
465,000 | 400,774 | ||||||
Southern California Gas Co. |
829,000 | 685,890 | ||||||
Southern Co. Gas Capital Corp. |
212,000 | 147,960 | ||||||
4.400%, 06/01/43 |
375,000 | 284,303 | ||||||
6.000%, 10/01/34 |
1,000,000 | 938,631 | ||||||
Southwest Gas Corp. |
332,000 | 222,177 | ||||||
|
|
|||||||
5,463,411 | ||||||||
|
|
|||||||
Healthcare-Products0.1% | ||||||||
Thermo Fisher Scientific, Inc. |
1,065,000 | 826,009 | ||||||
|
|
|||||||
Healthcare-Services0.9% | ||||||||
Aetna, Inc. |
297,000 | 306,036 | ||||||
Bon Secours Mercy Health, Inc. |
625,000 | 391,456 | ||||||
Childrens Hospital Corp. |
430,000 | 246,619 | ||||||
2.928%, 07/15/50 |
540,000 | 317,388 | ||||||
CommonSpirit Health |
435,000 | 399,011 | ||||||
2.782%, 10/01/30 |
430,000 | 353,938 | ||||||
3.910%, 10/01/50 |
425,000 | 301,416 | ||||||
Cottage Health Obligated Group |
500,000 | 330,436 | ||||||
Elevance Health, Inc. | ||||||||
4.101%, 03/01/28 |
460,000 | 433,373 |
BHFTI-171
Table of Contents
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Healthcare-Services(Continued) | ||||||||
Elevance Health, Inc. | ||||||||
4.650%, 08/15/44 |
324,000 | $ | 268,067 | |||||
Hackensack Meridian Health, Inc. |
1,180,000 | 774,386 | ||||||
2.875%, 09/01/50 |
700,000 | 419,568 | ||||||
Hartford HealthCare Corp. |
1,100,000 | 710,465 | ||||||
HCA, Inc. |
397,000 | 247,922 | ||||||
5.125%, 06/15/39 (f) |
565,000 | 489,431 | ||||||
5.250%, 06/15/26 |
1,540,000 | 1,507,641 | ||||||
5.500%, 06/15/47 |
445,000 | 379,834 | ||||||
Memorial Health Services |
995,000 | 682,282 | ||||||
MultiCare Health System |
365,000 | 204,230 | ||||||
MyMichigan Health |
245,000 | 157,133 | ||||||
Nationwide Childrens Hospital, Inc. |
181,000 | 153,351 | ||||||
NYU Langone Hospitals |
410,000 | 260,568 | ||||||
Piedmont Healthcare, Inc. |
620,000 | 362,522 | ||||||
Providence St Joseph Health Obligated Group |
210,000 | 191,925 | ||||||
Texas Health Resources |
340,000 | 181,095 | ||||||
4.330%, 11/15/55 |
250,000 | 202,657 | ||||||
UnitedHealth Group, Inc. |
900,000 | 591,442 | ||||||
5.875%, 02/15/53 |
405,000 | 406,441 | ||||||
Yale-New Haven Health Services Corp. |
580,000 | 311,110 | ||||||
|
|
|||||||
11,581,743 | ||||||||
|
|
|||||||
Insurance0.8% | ||||||||
AIA Group Ltd. |
495,000 | 450,017 | ||||||
3.900%, 04/06/28 (144A) |
415,000 | 389,623 | ||||||
AIG SunAmerica Global Financing X |
500,000 | 518,317 | ||||||
Athene Global Funding |
420,000 | 374,301 | ||||||
2.500%, 01/14/25 (144A) |
115,000 | 108,685 | ||||||
2.750%, 06/25/24 (144A) |
890,000 | 866,130 | ||||||
2.950%, 11/12/26 (144A) |
2,125,000 | 1,907,093 | ||||||
Berkshire Hathaway Finance Corp. |
620,000 | 462,465 | ||||||
4.300%, 05/15/43 |
831,000 | 703,629 | ||||||
Corebridge Financial, Inc. |
390,000 | 350,331 | ||||||
F&G Global Funding |
585,000 | 516,474 | ||||||
Guardian Life Insurance Co. of America |
156,000 | 117,025 | ||||||
Insurance(Continued) | ||||||||
Hanover Insurance Group, Inc. |
380,000 | 291,261 | ||||||
Hartford Financial Services Group, Inc. |
400,000 | 308,876 | ||||||
Liberty Mutual Insurance Co. |
800,000 | 809,430 | ||||||
New York Life Global Funding |
485,000 | 438,742 | ||||||
New York Life Insurance Co. |
625,000 | 458,945 | ||||||
Northwestern Mutual Global Funding |
620,000 | 523,809 | ||||||
Pacific Life Insurance Co. |
200,000 | 140,400 | ||||||
|
|
|||||||
9,735,553 | ||||||||
|
|
|||||||
Internet0.3% | ||||||||
Amazon.com, Inc. |
1,270,000 | 981,643 | ||||||
eBay, Inc. |
2,500,000 | 2,003,641 | ||||||
Meta Platforms, Inc. |
835,000 | 790,294 | ||||||
|
|
|||||||
3,775,578 | ||||||||
|
|
|||||||
Iron/Steel0.2% | ||||||||
Nucor Corp. |
250,000 | 142,180 | ||||||
Reliance Steel & Aluminum Co. |
1,810,000 | 1,658,952 | ||||||
Steel Dynamics, Inc. |
630,000 | 534,966 | ||||||
|
|
|||||||
2,336,098 | ||||||||
|
|
|||||||
Machinery-Diversified0.2% | ||||||||
Deere & Co. |
400,000 | 460,429 | ||||||
Nvent Finance Sarl |
562,000 | 526,336 | ||||||
Otis Worldwide Corp. |
1,110,000 | 920,270 | ||||||
5.250%, 08/16/28 |
770,000 | 756,887 | ||||||
|
|
|||||||
2,663,922 | ||||||||
|
|
|||||||
Media0.7% | ||||||||
Charter Communications Operating LLC/Charter Communications Operating Capital |
775,000 | 478,926 | ||||||
3.700%, 04/01/51 |
840,000 | 488,790 | ||||||
4.800%, 03/01/50 |
935,000 | 653,814 | ||||||
6.834%, 10/23/55 |
400,000 | 353,460 | ||||||
Comcast Corp. | ||||||||
2.887%, 11/01/51 |
1,131,000 | 666,543 | ||||||
2.937%, 11/01/56 |
663,000 | 376,800 |
BHFTI-172
Table of Contents
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Media(Continued) | ||||||||
Comcast Corp. | ||||||||
2.987%, 11/01/63 |
42,000 | $ | 23,228 | |||||
3.900%, 03/01/38 |
591,000 | 482,679 | ||||||
4.200%, 08/15/34 |
556,000 | 485,727 | ||||||
4.250%, 01/15/33 |
1,880,000 | 1,690,951 | ||||||
Cox Communications, Inc. |
630,000 | 347,596 | ||||||
Discovery Communications LLC |
485,000 | 367,701 | ||||||
Paramount Global |
255,000 | 171,710 | ||||||
5.900%, 10/15/40 |
125,000 | 97,365 | ||||||
TCI Communications, Inc. |
801,000 | 848,880 | ||||||
Time Warner Cable LLC |
1,000,000 | 782,233 | ||||||
|
|
|||||||
8,316,403 | ||||||||
|
|
|||||||
Mining0.3% | ||||||||
Barrick Gold Corp. |
300,000 | 303,901 | ||||||
BHP Billiton Finance USA Ltd. |
1,130,000 | 1,103,653 | ||||||
Glencore Funding LLC |
2,270,000 | 1,794,297 | ||||||
|
|
|||||||
3,201,851 | ||||||||
|
|
|||||||
Miscellaneous Manufacturing0.0% | ||||||||
Parker-Hannifin Corp. |
333,000 | 269,687 | ||||||
|
|
|||||||
Oil & Gas0.8% | ||||||||
Aker BP ASA |
262,000 | 233,831 | ||||||
BP Capital Markets America, Inc. |
1,260,000 | 769,305 | ||||||
Coterra Energy, Inc. |
710,000 | 666,745 | ||||||
Ecopetrol SA |
433,000 | 417,908 | ||||||
EQT Corp. |
200,000 | 184,995 | ||||||
Exxon Mobil Corp. |
690,000 | 503,255 | ||||||
3.095%, 08/16/49 |
860,000 | 569,204 | ||||||
HF Sinclair Corp. |
409,000 | 407,743 | ||||||
Jonah Energy LLC |
1,693,047 | 1,626,849 | ||||||
Phillips 66 Co. |
330,000 | 285,450 | ||||||
3.550%, 10/01/26 |
100,000 | 94,189 | ||||||
4.900%, 10/01/46 |
560,000 | 464,638 | ||||||
Pioneer Natural Resources Co. |
800,000 | 627,641 | ||||||
Oil & Gas(Continued) | ||||||||
Saudi Arabian Oil Co. |
220,000 | 200,752 | ||||||
Suncor Energy, Inc. |
668,000 | 642,946 | ||||||
7.875%, 06/15/26 |
544,000 | 568,180 | ||||||
TotalEnergies Capital International SA |
900,000 | 627,238 | ||||||
3.127%, 05/29/50 |
870,000 | 567,037 | ||||||
3.461%, 07/12/49 |
660,000 | 458,698 | ||||||
Valero Energy Corp. |
391,000 | 344,696 | ||||||
7.500%, 04/15/32 |
126,000 | 137,160 | ||||||
|
|
|||||||
10,398,460 | ||||||||
|
|
|||||||
Oil & Gas Services0.0% | ||||||||
Halliburton Co. |
215,000 | 175,749 | ||||||
4.850%, 11/15/35 |
270,000 | 242,810 | ||||||
|
|
|||||||
418,559 | ||||||||
|
|
|||||||
Packaging & Containers0.1% | ||||||||
Graphic Packaging International LLC |
894,000 | 796,401 | ||||||
|
|
|||||||
Pharmaceuticals0.9% | ||||||||
AbbVie, Inc. |
1,583,000 | 1,396,916 | ||||||
4.050%, 11/21/39 |
1,682,000 | 1,376,081 | ||||||
4.400%, 11/06/42 |
600,000 | 498,877 | ||||||
4.450%, 05/14/46 |
220,000 | 179,728 | ||||||
AstraZeneca PLC |
350,000 | 378,110 | ||||||
Becton Dickinson & Co. |
103,000 | 74,210 | ||||||
Bristol-Myers Squibb Co. |
527,000 | 439,487 | ||||||
4.550%, 02/20/48 |
427,000 | 356,344 | ||||||
Cigna Group |
156,000 | 129,542 | ||||||
CVS Health Corp. |
179,000 | 169,408 | ||||||
5.050%, 03/25/48 (f) |
2,065,000 | 1,715,696 | ||||||
CVS Pass-Through Trust |
614,275 | 551,423 | ||||||
5.773%, 01/10/33 (144A) |
569,285 | 554,617 | ||||||
8.353%, 07/10/31 (144A) |
112,302 | 119,365 | ||||||
Mylan, Inc. |
350,000 | 321,935 | ||||||
5.400%, 11/29/43 |
400,000 | 310,705 | ||||||
Pfizer Investment Enterprises Pte. Ltd. |
1,265,000 | 1,175,378 | ||||||
Takeda Pharmaceutical Co. Ltd. |
945,000 | 656,131 | ||||||
3.175%, 07/09/50 |
440,000 | 278,431 | ||||||
Viatris, Inc. |
412,000 | 268,331 |
BHFTI-173
Table of Contents
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Pharmaceuticals(Continued) | ||||||||
Zoetis, Inc. |
590,000 | $ | 472,280 | |||||
|
|
|||||||
11,422,995 | ||||||||
|
|
|||||||
Pipelines0.8% | ||||||||
ANR Pipeline Co. |
226,000 | 225,347 | ||||||
Boardwalk Pipelines LP |
630,000 | 523,159 | ||||||
Buckeye Partners LP |
575,000 | 419,747 | ||||||
Cameron LNG LLC |
769,000 | 591,278 | ||||||
Enbridge, Inc. |
680,000 | 651,439 | ||||||
Energy Transfer LP |
117,000 | 110,733 | ||||||
4.150%, 09/15/29 |
443,000 | 401,225 | ||||||
4.950%, 05/15/28 |
290,000 | 277,443 | ||||||
4.950%, 01/15/43 |
394,000 | 305,785 | ||||||
5.300%, 04/01/44 |
200,000 | 162,770 | ||||||
5.500%, 06/01/27 |
167,000 | 164,378 | ||||||
6.000%, 06/15/48 |
270,000 | 239,635 | ||||||
6.100%, 02/15/42 |
500,000 | 450,091 | ||||||
Enterprise Products Operating LLC |
179,000 | 151,222 | ||||||
5.100%, 02/15/45 |
200,000 | 176,966 | ||||||
Flex Intermediate Holdco LLC |
1,100,000 | 854,969 | ||||||
4.317%, 12/30/39 (144A) |
425,000 | 291,933 | ||||||
Galaxy Pipeline Assets Bidco Ltd. |
759,880 | 584,852 | ||||||
Gray Oak Pipeline LLC |
1,300,000 | 1,198,122 | ||||||
Kinder Morgan, Inc. |
250,000 | 199,952 | ||||||
ONEOK Partners LP |
950,000 | 942,931 | ||||||
Sabine Pass Liquefaction LLC |
400,000 | 366,824 | ||||||
Southern Natural Gas Co. LLC |
244,000 | 186,921 | ||||||
TransCanada PipeLines Ltd. |
300,000 | 250,446 | ||||||
|
|
|||||||
9,728,168 | ||||||||
|
|
|||||||
Real Estate0.1% | ||||||||
GAIF Bond Issuer Pty. Ltd. |
632,000 | 583,428 | ||||||
Ontario Teachers Cadillac Fairview Properties Trust |
603,000 | 554,183 | ||||||
|
|
|||||||
1,137,611 | ||||||||
|
|
|||||||
Real Estate Investment Trusts1.6% | ||||||||
Alexandria Real Estate Equities, Inc. |
410,000 | 290,256 | ||||||
2.000%, 05/18/32 (f) |
710,000 | 516,181 | ||||||
3.800%, 04/15/26 |
175,000 | 166,892 | ||||||
4.000%, 02/01/50 |
566,000 | 394,797 | ||||||
American Tower Corp. |
965,000 | 799,774 | ||||||
1.875%, 10/15/30 |
845,000 | 639,431 | ||||||
2.100%, 06/15/30 |
470,000 | 365,789 | ||||||
2.950%, 01/15/51 |
255,000 | 143,793 | ||||||
3.100%, 06/15/50 |
390,000 | 227,400 | ||||||
3.375%, 10/15/26 |
287,000 | 267,188 | ||||||
3.700%, 10/15/49 |
665,000 | 434,591 | ||||||
Brixmor Operating Partnership LP |
600,000 | 505,250 | ||||||
2.500%, 08/16/31 (f) |
325,000 | 245,731 | ||||||
3.850%, 02/01/25 |
500,000 | 481,686 | ||||||
Corporate Office Properties LP |
1,153,000 | 865,389 | ||||||
Equinix, Inc. |
1,388,000 | 1,170,558 | ||||||
2.900%, 11/18/26 |
875,000 | 803,205 | ||||||
Essex Portfolio LP |
565,000 | 434,838 | ||||||
Extra Space Storage LP |
390,000 | 298,572 | ||||||
3.500%, 07/01/26 |
1,000,000 | 935,630 | ||||||
Goodman U.S. Finance Three LLC |
387,000 | 346,941 | ||||||
Healthcare Realty Holdings LP |
470,000 | 352,248 | ||||||
Healthpeak OP LLC |
600,000 | 529,248 | ||||||
Mid-America Apartments LP |
470,000 | 359,285 | ||||||
NNN REIT, Inc. |
453,000 | 420,980 | ||||||
Physicians Realty LP |
405,000 | 305,031 | ||||||
Prologis LP |
200,000 | 163,218 | ||||||
Public Storage Operating Co. |
490,000 | 414,981 | ||||||
2.250%, 11/09/31 |
411,000 | 321,438 | ||||||
Realty Income Corp. |
200,000 | 183,336 | ||||||
Regency Centers LP |
560,000 | 476,614 | ||||||
Sabra Health Care LP |
660,000 | 493,853 | ||||||
Safehold GL Holdings LLC |
2,220,000 | 1,659,122 | ||||||
Scentre Group Trust 1/Scentre Group Trust 2 |
720,000 | 694,283 | ||||||
Scentre Group Trust 2 |
635,000 | 570,269 |
BHFTI-174
Table of Contents
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Real Estate Investment Trusts(Continued) | ||||||||
SITE Centers Corp. |
226,000 | $ | 209,224 | |||||
UDR, Inc. |
470,000 | 338,941 | ||||||
2.950%, 09/01/26 |
233,000 | 215,506 | ||||||
3.000%, 08/15/31 (f) |
95,000 | 77,151 | ||||||
3.200%, 01/15/30 |
625,000 | 535,377 | ||||||
Ventas Realty LP |
197,000 | 189,566 | ||||||
3.850%, 04/01/27 |
369,000 | 342,236 | ||||||
Welltower OP LLC |
445,000 | 376,719 | ||||||
6.500%, 03/15/41 |
225,000 | 220,923 | ||||||
WP Carey, Inc. |
845,000 | 602,811 | ||||||
4.250%, 10/01/26 |
285,000 | 272,002 | ||||||
|
|
|||||||
20,658,254 | ||||||||
|
|
|||||||
Retail0.4% | ||||||||
7-Eleven, Inc. |
400,000 | 303,279 | ||||||
2.500%, 02/10/41 (144A) |
409,000 | 250,193 | ||||||
Alimentation Couche-Tard, Inc. |
780,000 | 518,826 | ||||||
3.625%, 05/13/51 (144A) |
870,000 | 538,212 | ||||||
3.800%, 01/25/50 (144A) |
625,000 | 405,831 | ||||||
AutoZone, Inc. |
530,000 | 398,491 | ||||||
Home Depot, Inc. |
596,000 | 533,056 | ||||||
Lowes Cos., Inc. |
1,085,000 | 831,990 | ||||||
2.625%, 04/01/31 |
700,000 | 566,227 | ||||||
McDonalds Corp. |
180,000 | 146,617 | ||||||
4.700%, 12/09/35 |
84,000 | 76,636 | ||||||
6.300%, 10/15/37 |
152,000 | 158,331 | ||||||
OReilly Automotive, Inc. |
494,000 | 461,323 | ||||||
|
|
|||||||
5,189,012 | ||||||||
|
|
|||||||
Semiconductors0.6% | ||||||||
Analog Devices, Inc. |
722,000 | 481,955 | ||||||
Broadcom, Inc. |
1,800,000 | 1,534,499 | ||||||
3.137%, 11/15/35 (144A) |
1,685,000 | 1,228,503 | ||||||
3.187%, 11/15/36 (144A) |
465,000 | 333,864 | ||||||
Intel Corp. |
795,000 | 758,112 | ||||||
5.700%, 02/10/53 |
490,000 | 459,498 | ||||||
KLA Corp. |
610,000 | 405,373 | ||||||
NXP BV/NXP Funding LLC/NXP USA, Inc. |
1,085,000 | 847,178 | ||||||
3.250%, 05/11/41 |
1,115,000 | 750,164 | ||||||
Semiconductors(Continued) | ||||||||
QUALCOMM, Inc. |
460,000 | 377,204 | ||||||
Texas Instruments, Inc. |
681,000 | 603,589 | ||||||
|
|
|||||||
7,779,939 | ||||||||
|
|
|||||||
Software0.4% | ||||||||
Fiserv, Inc. |
305,000 | 285,180 | ||||||
4.400%, 07/01/49 |
295,000 | 225,981 | ||||||
Microsoft Corp. |
149,000 | 94,335 | ||||||
Oracle Corp. |
630,000 | 545,808 | ||||||
3.800%, 11/15/37 |
900,000 | 686,706 | ||||||
3.850%, 07/15/36 |
124,000 | 98,042 | ||||||
3.900%, 05/15/35 |
106,000 | 86,626 | ||||||
4.300%, 07/08/34 |
103,000 | 88,585 | ||||||
4.900%, 02/06/33 |
820,000 | 755,819 | ||||||
5.550%, 02/06/53 |
580,000 | 508,175 | ||||||
VMware, Inc. |
1,306,000 | 1,152,031 | ||||||
4.650%, 05/15/27 |
425,000 | 409,858 | ||||||
Workday, Inc. |
852,000 | 794,946 | ||||||
|
|
|||||||
5,732,092 | ||||||||
|
|
|||||||
Telecommunications0.6% | ||||||||
AT&T, Inc. |
620,000 | 496,002 | ||||||
3.550%, 09/15/55 |
396,000 | 242,415 | ||||||
3.650%, 06/01/51 |
2,795,000 | 1,802,199 | ||||||
Deutsche Telekom AG |
276,000 | 188,515 | ||||||
NBN Co. Ltd. |
1,600,000 | 1,289,527 | ||||||
Rogers Communications, Inc. |
545,000 | 397,534 | ||||||
Sprint Capital Corp. |
362,000 | 373,764 | ||||||
Sprint LLC |
248,000 | 254,874 | ||||||
T-Mobile USA, Inc. |
385,000 | 238,163 | ||||||
5.050%, 07/15/33 |
905,000 | 839,669 | ||||||
Verizon Communications, Inc. |
250,000 | 214,735 | ||||||
2.650%, 11/20/40 |
779,000 | 493,121 | ||||||
4.125%, 03/16/27 |
113,000 | 107,469 | ||||||
Vodafone Group PLC |
275,000 | 243,699 | ||||||
6.150%, 02/27/37 |
500,000 | 492,407 | ||||||
|
|
|||||||
7,674,093 | ||||||||
|
|
BHFTI-175
Table of Contents
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Transportation0.2% | ||||||||
Burlington Northern Santa Fe LLC |
233,000 | $ | 165,578 | |||||
7.950%, 08/15/30 |
1,185,000 | 1,340,295 | ||||||
Canadian Pacific Railway Co. |
597,000 | 494,157 | ||||||
CSX Corp. |
404,000 | 341,608 | ||||||
6.000%, 10/01/36 |
300,000 | 304,322 | ||||||
Norfolk Southern Corp. |
219,000 | 162,900 | ||||||
Union Pacific Corp. |
200,000 | 144,950 | ||||||
|
|
|||||||
2,953,810 | ||||||||
|
|
|||||||
Water0.0% | ||||||||
American Water Capital Corp. |
750,000 | 634,343 | ||||||
|
|
|||||||
Total Corporate Bonds & Notes |
359,509,549 | |||||||
|
|
|||||||
Asset-Backed Securities12.3% |
| |||||||
Asset-Backed - Automobile3.5% | ||||||||
Carvana Auto Receivables Trust |
374,103 | 373,311 | ||||||
5.920%, 07/10/29 (144A) |
1,805,000 | 1,760,236 | ||||||
6.160%, 09/10/29 (144A) |
1,430,000 | 1,427,866 | ||||||
Credit Acceptance Auto Loan Trust |
942,177 | 929,981 | ||||||
6.390%, 08/15/33 (144A) |
1,600,000 | 1,595,650 | ||||||
8.450%, 02/15/33 (144A) |
2,600,000 | 2,649,497 | ||||||
Credito Real USA Auto Receivables Trust |
120,284 | 119,277 | ||||||
Drive Auto Receivables Trust |
330,447 | 326,554 | ||||||
1.450%, 01/16/29 |
1,600,000 | 1,514,226 | ||||||
3.180%, 10/15/26 |
499,547 | 498,913 | ||||||
DT Auto Owner Trust |
1,432,000 | 1,400,312 | ||||||
4.220%, 01/15/27 (144A) |
3,290,000 | 3,236,569 | ||||||
5.790%, 02/15/29 (144A) |
2,391,000 | 2,353,367 | ||||||
Exeter Automobile Receivables Trust |
2,800,000 | 2,745,618 | ||||||
6.210%, 06/15/28 |
1,600,000 | 1,588,643 | ||||||
Flagship Credit Auto Trust |
3,650,000 | 3,405,376 | ||||||
2.180%, 02/16/27 (144A) |
650,000 | 608,369 | ||||||
GLS Auto Receivables Issuer Trust |
197,058 | 195,609 | ||||||
1.420%, 04/15/27 (144A) |
2,250,000 | 2,091,241 | ||||||
1.480%, 07/15/27 (144A) |
4,400,000 | 4,048,443 | ||||||
1.680%, 01/15/27 (144A) |
1,200,000 | 1,144,942 | ||||||
6.010%, 05/15/29 (144A) |
1,251,000 | 1,242,522 | ||||||
OneMain Direct Auto Receivables Trust |
1,838,000 | 1,814,650 | ||||||
Santander Drive Auto Receivables Trust |
3,495,486 | 3,463,843 | ||||||
Asset-Backed - Automobile(Continued) | ||||||||
Sonoran Auto Receivables Trust |
232,795 | 228,721 | ||||||
4.750%, 06/15/25 |
407,497 | 404,277 | ||||||
U.S. Auto Funding LLC |
995,991 | 987,657 | ||||||
Westlake Automobile Receivables Trust |
2,105,000 | 2,080,315 | ||||||
|
|
|||||||
44,235,985 | ||||||||
|
|
|||||||
Asset-Backed - Credit Card0.2% | ||||||||
Consumer Receivables Asset Investment Trust |
446,959 | 447,832 | ||||||
Continental Finance Credit Card ABS Master Trust |
1,500,000 | 1,457,246 | ||||||
|
|
|||||||
1,905,078 | ||||||||
|
|
|||||||
Asset-Backed - Other8.6% | ||||||||
Accelerated Assets LLC |
996,196 | 895,513 | ||||||
American Homes 4 Rent Trust |
1,050,955 | 1,011,109 | ||||||
3.678%, 12/17/36 (144A) |
83,555 | 81,299 | ||||||
4.201%, 12/17/36 (144A) |
400,000 | 389,814 | ||||||
4.290%, 10/17/36 (144A) |
300,000 | 294,032 | ||||||
4.596%, 12/17/36 (144A) |
250,000 | 243,889 | ||||||
5.036%, 10/17/52 (144A) |
1,900,000 | 1,844,272 | ||||||
5.639%, 04/17/52 (144A) |
500,000 | 491,380 | ||||||
6.231%, 10/17/36 (144A) |
650,000 | 643,238 | ||||||
6.418%, 12/17/36 (144A) |
300,000 | 297,457 | ||||||
AMSR Trust |
2,300,000 | 2,087,126 | ||||||
2.327%, 10/17/38 (144A) |
1,694,000 | 1,438,375 | ||||||
4.387%, 03/17/39 (144A) |
3,000,000 | 2,685,522 | ||||||
Bridge Trust |
2,257,000 | 2,118,084 | ||||||
Business Jet Securities LLC |
871,824 | 792,866 | ||||||
2.918%, 04/15/36 (144A) |
1,813,993 | 1,611,012 | ||||||
2.981%, 11/15/35 (144A) |
492,062 | 461,323 | ||||||
BXG Receivables Note Trust |
2,196,196 | 2,135,855 | ||||||
Cars Net Lease Mortgage Notes |
591,750 | 480,374 | ||||||
CFIN Issuer LLC |
2,576,434 | 2,411,285 | ||||||
COOF Securitization Trust Ltd. |
297,269 | 20,739 | ||||||
CoreVest American Finance Trust. |
923,778 | 878,873 | ||||||
3.880%, 03/15/52 (144A) |
2,470,000 | 2,445,324 | ||||||
Crossroads Asset Trust |
1,533,904 | 1,516,372 | ||||||
DataBank Issuer |
1,950,000 | 1,712,422 | ||||||
Diversified Abs Phase III LLC |
3,524,781 | 3,108,504 | ||||||
Diversified Abs Phase VI LLC |
1,615,737 | 1,554,824 | ||||||
FirstKey Homes Trust | ||||||||
2.668%, 10/19/37 (144A) |
3,700,000 | 3,367,728 |
BHFTI-176
Table of Contents
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Asset-Backed Securities(Continued)
Security Description | Principal Amount* |
Value | ||||||
Asset-Backed - Other(Continued) | ||||||||
FirstKey Homes Trust | ||||||||
5.197%, 05/17/39 (144A) |
1,320,000 | $ | 1,223,846 | |||||
FMC GMSR Issuer Trust |
3,300,000 | 2,706,017 | ||||||
3.690%, 02/25/24 |
5,000,000 | 4,755,000 | ||||||
3.850%, 10/25/26 (144A) (a) |
2,680,000 | 2,199,250 | ||||||
4.450%, 01/25/26 (144A) (a) |
3,100,000 | 2,684,215 | ||||||
Foundation Finance Trust |
167,119 | 165,123 | ||||||
9.100%, 06/15/49 (144A) |
2,000,000 | 1,999,740 | ||||||
Gold Key Resorts LLC |
4,671 | 4,645 | ||||||
Goodgreen Trust |
984,644 | 829,857 | ||||||
3.260%, 10/15/53 (144A) |
1,103,382 | 978,955 | ||||||
3.740%, 10/15/52 (144A) |
228,638 | 204,650 | ||||||
5.000%, 10/20/51 |
1,080,628 | 1,029,947 | ||||||
5.900%, 01/17/61 (144A) |
1,941,606 | 1,813,630 | ||||||
HERO Funding Trust |
181,408 | 156,100 | ||||||
3.950%, 09/20/48 (144A) |
696,118 | 599,941 | ||||||
4.460%, 09/20/47 (144A) |
577,211 | 508,485 | ||||||
Hilton Grand Vacations Trust |
108,730 | 108,314 | ||||||
Jonah Energy Abs I LLC |
1,360,399 | 1,325,328 | ||||||
KGS-Alpha SBA COOF Trust |
1,214,912 | 14,355 | ||||||
0.799%, 08/25/38 (144A) (a) (b) |
913,693 | 15,766 | ||||||
1.608%, 03/25/39 (144A) (a) (b) |
894,823 | 28,890 | ||||||
2.980%, 04/25/40 (144A) (a) (b) |
231,632 | 16,525 | ||||||
Lendmark Funding Trust |
2,055,000 | 1,995,137 | ||||||
6.160%, 05/20/33 (144A) |
1,065,000 | 1,041,902 | ||||||
LFT CRE Ltd. |
3,280,000 | 3,063,110 | ||||||
NRZ Excess Spread-Collateralized Notes |
3,120,471 | 2,787,622 | ||||||
3.228%, 05/25/26 (144A) |
1,636,712 | 1,488,541 | ||||||
3.474%, 11/25/26 (144A) |
2,106,971 | 1,897,624 | ||||||
3.844%, 12/25/25 (144A) |
1,231,200 | 1,148,467 | ||||||
Oportun Funding XIV LLC |
615,292 | 591,382 | ||||||
Oportun Issuance Trust |
3,600,000 | 3,504,432 | ||||||
PNMAC GMSR Issuer Trust |
2,650,000 | 2,659,525 | ||||||
PRET LLC |
4,083,485 | 3,702,439 | ||||||
Progress Residential Trust |
1,960,000 | 1,702,216 | ||||||
2.425%, 07/17/38 (144A) |
2,535,000 | 2,191,893 | ||||||
3.930%, 02/17/41 (144A) |
3,150,000 | 2,638,566 | ||||||
5.200%, 04/17/39 (144A) |
2,435,000 | 2,235,433 | ||||||
Regional Management Issuance Trust |
3,409,000 | 2,944,320 | ||||||
Asset-Backed - Other(Continued) | ||||||||
Renew Financial Group LLC |
282,688 | 250,146 | ||||||
Sierra Timeshare Receivables Funding LLC |
505,616 | 473,571 | ||||||
SOL SpA |
392,727 | 382,218 | ||||||
Upstart Securitization Trust |
51,898 | 51,742 | ||||||
VM Debt Trust |
3,999,346 | 3,649,403 | ||||||
VOLT C LLC |
974,123 | 900,516 | ||||||
VOLT CI LLC |
1,300,383 | 1,187,578 | ||||||
VOLT XCII LLC |
781,483 | 734,564 | ||||||
VOLT XCIII LLC |
2,604,203 | 2,419,349 | ||||||
VOLT XCIV LLC |
1,953,300 | 1,840,491 | ||||||
VOLT XCV LLC |
676,446 | 648,042 | ||||||
VOLT XCVII LLC |
1,714,236 | 1,596,611 | ||||||
VSE VOI Mortgage LLC |
281,001 | 272,447 | ||||||
|
|
|||||||
110,386,477 | ||||||||
|
|
|||||||
Asset-Backed - Student Loan0.0% | ||||||||
Academic Loan Funding Trust |
440,152 | 426,124 | ||||||
|
|
|||||||
Total Asset-Backed Securities |
156,953,664 | |||||||
|
|
|||||||
Mortgage-Backed Securities3.5% |
| |||||||
Collateralized Mortgage Obligations1.2% | ||||||||
Ajax Mortgage Loan Trust |
1,813,449 | 1,714,780 | ||||||
Global Mortgage Securitization Ltd. |
87,874 | 84,583 | ||||||
HarborView Mortgage Loan Trust |
279,248 | 265,342 | ||||||
Impac CMB Trust |
548,605 | 533,274 | ||||||
JP Morgan Mortgage Trust |
40,470 | 40,173 | ||||||
LHOME Mortgage Trust |
353,807 | 352,020 | ||||||
Merrill Lynch Mortgage Investors Trust |
100,160 | 93,214 | ||||||
5.934%, 1M TSFR + 0.614%, 05/25/29 (a) |
187,757 | 179,267 | ||||||
6.054%, 1M TSFR + 0.734%, 10/25/28 (a) |
117,664 | 107,904 | ||||||
6.074%, 1M TSFR + 0.754%, 10/25/28 (a) |
154,222 | 143,365 | ||||||
6.184%, 6M TSFR + 1.108%, 01/25/29 (a) |
122,396 | 117,595 |
BHFTI-177
Table of Contents
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Mortgage-Backed Securities(Continued)
Security Description | Principal Amount* |
Value | ||||||
Collateralized Mortgage Obligations(Continued) | ||||||||
Preston Ridge Partners Mortgage LLC |
1,029,604 | $ | 965,898 | |||||
2.115%, 01/25/26 (144A) (a) |
1,851,163 | 1,743,481 | ||||||
Sequoia Mortgage Trust |
335,818 | 297,676 | ||||||
6.079%, 1M TSFR + 0.754%, 01/20/34 (a) |
172,245 | 160,400 | ||||||
6.099%, 1M TSFR + 0.774%, 07/20/33 (a) |
253,998 | 230,774 | ||||||
6.119%, 1M TSFR + 0.794%, 10/20/34 (a) |
373,081 | 334,256 | ||||||
6.199%, 1M TSFR + 0.874%, 04/20/33 (a) |
181,761 | 162,959 | ||||||
Structured Asset Mortgage Investments II Trust |
433,475 | 405,031 | ||||||
6.142%, 1M TSFR + 0.814%, 03/19/34 (a) |
369,428 | 338,659 | ||||||
Structured Asset Mortgage Investments Trust |
285,328 | 265,527 | ||||||
Structured Asset Securities Corp. Mortgage Pass-Through Certificates |
91,613 | 89,891 | ||||||
Thornburg Mortgage Securities Trust |
252,257 | 232,723 | ||||||
3.901%, 04/25/45 (a) |
450,647 | 420,133 | ||||||
6.074%, 1M TSFR + 0.754%, 09/25/43 (a) |
198,188 | 184,630 | ||||||
Towd Point Mortgage Trust |
4,344,026 | 3,425,825 | ||||||
VM Master Issuer LLC |
2,900,000 | 2,834,320 | ||||||
|
|
|||||||
15,723,700 | ||||||||
|
|
|||||||
Commercial Mortgage-Backed Securities2.3% | ||||||||
BAMLL Commercial Mortgage Securities Trust |
1,200,000 | 741,123 | ||||||
BB-UBS Trust |
2,950,000 | 2,705,208 | ||||||
Citigroup Commercial Mortgage Trust |
4,330,000 | 3,566,067 | ||||||
Commercial Mortgage Trust |
29,477,272 | 247,314 | ||||||
2.896%, 02/10/37 (144A) |
3,050,000 | 2,877,678 | ||||||
3.942%, 04/10/33 (144A) (a) |
1,450,000 | 1,294,327 | ||||||
CSMC Trust |
1,000,000 | 713,035 | ||||||
Independence Plaza Trust |
2,935,000 | 2,754,907 | ||||||
Ladder Capital Commercial Mortgage Trust |
768,000 | 652,323 | ||||||
MRCD Mortgage Trust |
1,997,000 | 1,198,632 | ||||||
RBS Commercial Funding, Inc. Trust |
521,822 | 469,738 | ||||||
RR Trust |
||||||||
Zero Coupon, 04/26/48 (144A) (c) |
8,830,000 | 7,894,004 | ||||||
SLG Office Trust |
3,090,000 | 2,409,681 | ||||||
Commercial Mortgage-Backed Securities(Continued) | ||||||||
Wells Fargo Commercial Mortgage Trust |
973,498 | 929,588 | ||||||
WFRBS Commercial Mortgage Trust |
300,000 | 210,170 | ||||||
|
|
|||||||
28,663,795 | ||||||||
|
|
|||||||
Total Mortgage-Backed Securities |
44,387,495 | |||||||
|
|
|||||||
Foreign Government0.5% |
| |||||||
Sovereign0.5% | ||||||||
Chile Government International Bond |
394,000 | 318,148 | ||||||
Israel Government AID Bond |
||||||||
Zero Coupon, 08/15/25 |
2,500,000 | 2,241,905 | ||||||
Mexico Government International Bonds |
848,000 | 669,101 | ||||||
3.500%, 02/12/34 |
577,000 | 451,160 | ||||||
3.771%, 05/24/61 |
625,000 | 366,220 | ||||||
4.350%, 01/15/47 |
228,000 | 160,805 | ||||||
4.600%, 01/23/46 |
959,000 | 706,396 | ||||||
4.600%, 02/10/48 |
200,000 | 145,574 | ||||||
5.750%, 10/12/10 |
500,000 | 396,710 | ||||||
Panama Government International Bond |
350,000 | 237,757 | ||||||
Saudi Government International Bond |
490,000 | 375,181 | ||||||
|
|
|||||||
Total Foreign Government |
6,068,957 | |||||||
|
|
|||||||
Municipals0.1% |
| |||||||
Texas Natural Gas Securitization Finance Corp. |
720,000 | 687,454 | ||||||
|
|
|||||||
Short-Term Investment0.0% |
| |||||||
Repurchase Agreement0.0% | ||||||||
Fixed Income Clearing Corp. |
474,512 | 474,512 | ||||||
|
|
|||||||
Total Short-Term Investments |
474,512 | |||||||
|
|
BHFTI-178
Table of Contents
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (j)0.2%
Security Description | Shares/ Principal Amount* |
Value | ||||||
Repurchase Agreements0.1% | ||||||||
Cantor Fitzgerald & Co. |
400,000 | $ | 400,000 | |||||
Citigroup Global Markets, Inc. |
50,776 | 50,776 | ||||||
ING Financial Markets LLC |
217,260 | 217,260 | ||||||
National Bank Financial, Inc. |
200,000 | 200,000 | ||||||
National Bank of Canada |
200,000 | 200,000 | ||||||
Societe Generale |
51,499 | 51,499 | ||||||
TD Prime Services LLC |
250,000 | 250,000 | ||||||
|
|
|||||||
1,369,535 | ||||||||
|
|
|||||||
Mutual Funds0.1% | ||||||||
RBC U.S. Government Money Market Fund, Institutional Shares |
300,000 | 300,000 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (k) |
300,000 | 300,000 | ||||||
Mutual Funds(Continued) | ||||||||
Western Asset Institutional Government Reserves Fund, Institutional Class 5.250% (k) |
300,000 | 300,000 | ||||||
|
|
|||||||
900,000 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
2,269,535 | |||||||
|
|
|||||||
Total Investment99.9% |
1,276,155,106 | |||||||
Other assets and liabilities (net)0.1% |
1,501,911 | |||||||
|
|
|||||||
Net Assets100.0% | $ | 1,277,657,017 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2023, the market value of restricted securities was $619,529, which is 0.0% of net assets. See details shown in the Restricted Securities table that follows. | |||
(a) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
(b) | Interest only security. | |||
(c) | Principal only security. | |||
(d) | TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date. | |||
(e) | Principal amount of security is adjusted for inflation. | |||
(f) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $9,080,707 and the collateral received consisted of cash in the amount of $2,269,535 and non-cash collateral with a value of $7,097,001. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third- party custodian, and cannot be sold or repledged by the Portfolio. | |||
(g) | Security was valued in good faith under procedures subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent 0.3% of net assets. | |||
(h) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |||
(i) | Security is a step-up bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate. | |||
(j) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(k) | The rate shown represents the annualized seven-day yield as of September 30, 2023. | |||
(144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $273,472,336, which is 21.4% of net assets. |
BHFTI-179
Table of Contents
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Restricted Securities |
Acquisition Date |
Principal Amount |
Cost | Value | ||||||||||||
Commonwealth Bank of Australia, 3.305%, 03/11/41 |
09/27/21 | $ | 355,000 | $ | 369,157 | $ | 227,149 | |||||||||
Credit Agricole SA, 2.811%, 01/11/41 |
01/05/21 | 410,000 | 410,000 | 251,980 | ||||||||||||
Pacific Life Insurance Co., 4.300%, 10/24/67 |
10/17/17 | 200,000 | 199,838 | 140,400 | ||||||||||||
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$ | 619,529 | |||||||||||||||
|
|
Glossary of Abbreviations
Index Abbreviations
(H15) | U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index | |||
(LIBOR) | London Interbank Offered Rate | |||
(SOFR) | Secured Overnight Financing Rate | |||
(RFUCCT) | Refinitiv USD IBOR Consumer Cash Fallbacks Term | |||
(SOFR30A) | Secured Overnight Financing Rate 30-Day Average | |||
(TSFR) | Term Secured Overnight Financing Rate |
Other Abbreviations
(ACES) | Alternative Credit Enhancement Securities | |||
(DAC) | Designated Activity Company | |||
(ICE) | Intercontinental Exchange, Inc. | |||
(REMIC) | Real Estate Mortgage Investment Conduit |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Total U.S. Treasury & Government Agencies* |
$ | | $ | 705,803,940 | $ | | $ | 705,803,940 | ||||||||
Total Corporate Bonds & Notes* |
| 359,509,549 | | 359,509,549 | ||||||||||||
Asset-Backed Securities |
| |||||||||||||||
Asset-Backed - Automobile |
| 44,235,985 | | 44,235,985 | ||||||||||||
Asset-Backed - Credit Card |
| 1,905,078 | | 1,905,078 | ||||||||||||
Asset-Backed - Other |
| 106,737,074 | 3,649,403 | 110,386,477 | ||||||||||||
Asset-Backed - Student Loan |
| 426,124 | | 426,124 | ||||||||||||
Total Asset-Backed Securities |
| 153,304,261 | 3,649,403 | 156,953,664 | ||||||||||||
Total Mortgage-Backed Securities* |
| 44,387,495 | | 44,387,495 | ||||||||||||
Total Foreign Government* |
| 6,068,957 | | 6,068,957 | ||||||||||||
Total Municipals* |
| 687,454 | | 687,454 | ||||||||||||
Total Short-Term Investment* |
| 474,512 | | 474,512 | ||||||||||||
Securities Lending Reinvestments |
| |||||||||||||||
Repurchase Agreements |
| 1,369,535 | | 1,369,535 | ||||||||||||
Mutual Funds |
900,000 | | | 900,000 | ||||||||||||
Total Securities Lending Reinvestments |
900,000 | 1,369,535 | | 2,269,535 | ||||||||||||
Total Investments |
$ | 900,000 | $ | 1,271,605,703 | $ | 3,649,403 | $ | 1,276,155,106 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (2,269,535 | ) | $ | | $ | (2,269,535 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
During the period ended September 30, 2023, transfers out of Level 3 in the amount of $8,325,631 were due to the initiation of a vendor or broker providing prices based on market indications which have been determined to be a significant observable input.
BHFTI-180
Table of Contents
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
Investments in Securities |
Balance as of December 31, 2022 |
Realized Gain (Loss) |
Change in Unrealized Appreciation (Depreciation) |
Sales | Transfers Out |
Balance as of September 30, 2023 |
Change in Unrealized Appreciation (Depreciation) from Investments Held at September 30, 2023 |
|||||||||||||||||||||
Corporate Bonds | ||||||||||||||||||||||||||||
Oil & Gas |
$ | 1,765,145 | $ | | $ | | $ | | $ | (1,765,145 | ) | $ | | $ | | |||||||||||||
Asset-Backed Securities | ||||||||||||||||||||||||||||
Asset-Backed - Other |
14,577,427 | 3 | (109,946 | ) | (4,257,595 | ) | (6,560,486 | ) | 3,649,403 | (109,946 | ) | |||||||||||||||||
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Total |
$ | 16,342,572 | $ | 3 | $ | (109,946 | ) | $ | (4,257,595 | ) | $ | (8,325,631 | ) | $ | 3,649,403 | $ | (109,946 | ) | ||||||||||
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BHFTI-181
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks40.6% of Net Assets
Security Description | Shares | Value | ||||||
Aerospace & Defense0.6% | ||||||||
Airbus SE |
12,610 | $ | 1,686,996 | |||||
General Dynamics Corp. |
2,481 | 548,227 | ||||||
Northrop Grumman Corp. |
850 | 374,162 | ||||||
RTX Corp. |
7,857 | 565,468 | ||||||
Safran SA |
35,130 | 5,492,716 | ||||||
|
|
|||||||
8,667,569 | ||||||||
|
|
|||||||
Air Freight & Logistics0.2% | ||||||||
DHL Group |
34,063 | 1,388,288 | ||||||
FedEx Corp. |
1,726 | 457,252 | ||||||
United Parcel Service, Inc. - Class B |
1,360 | 211,983 | ||||||
|
|
|||||||
2,057,523 | ||||||||
|
|
|||||||
Automobile Components0.1% | ||||||||
Bridgestone Corp. |
39,100 | 1,523,953 | ||||||
|
|
|||||||
Automobiles0.3% | ||||||||
Stellantis NV (Milan-Traded Shares) |
81,351 | 1,560,379 | ||||||
Tesla, Inc. (a) |
11,731 | 2,935,331 | ||||||
|
|
|||||||
4,495,710 | ||||||||
|
|
|||||||
Banks3.2% | ||||||||
Bank Central Asia Tbk PT |
2,091,000 | 1,192,955 | ||||||
Bank of America Corp. |
174,556 | 4,779,343 | ||||||
Bank Rakyat Indonesia Persero Tbk PT |
4,834,914 | 1,633,955 | ||||||
BNP Paribas SA |
20,671 | 1,315,977 | ||||||
Capitec Bank Holdings Ltd. |
9,445 | 849,515 | ||||||
Citigroup, Inc. |
5,316 | 218,647 | ||||||
Citizens Financial Group, Inc. |
15,960 | 427,728 | ||||||
Credicorp Ltd. (b) |
4,296 | 549,759 | ||||||
DBS Group Holdings Ltd. |
211,200 | 5,185,909 | ||||||
Erste Group Bank AG |
23,379 | 807,631 | ||||||
First Citizens BancShares, Inc. - Class A |
372 | 513,397 | ||||||
Grupo Financiero Banorte SAB de CV - Class O |
133,520 | 1,119,109 | ||||||
HDFC Bank Ltd. |
139,300 | 2,550,201 | ||||||
HDFC Bank Ltd. (ADR) (b) |
34,895 | 2,059,154 | ||||||
Itau Unibanco Holding SA (ADR) (b) |
154,643 | 830,433 | ||||||
KBC Group NV |
22,394 | 1,396,209 | ||||||
Kotak Mahindra Bank Ltd. |
93,661 | 1,958,705 | ||||||
Lloyds Banking Group PLC |
3,297,361 | 1,775,515 | ||||||
M&T Bank Corp. |
10,171 | 1,286,123 | ||||||
Mitsubishi UFJ Financial Group, Inc. |
184,900 | 1,568,311 | ||||||
PNC Financial Services Group, Inc. |
4,722 | 579,720 | ||||||
Regions Financial Corp. |
38,932 | 669,630 | ||||||
Sberbank of Russia PJSC (a) (c) (d) |
2,160 | 0 | ||||||
Societe Generale SA |
37,647 | 910,691 | ||||||
Sumitomo Mitsui Financial Group, Inc. |
23,800 | 1,166,752 | ||||||
Svenska Handelsbanken AB - A Shares |
116,176 | 1,032,721 | ||||||
Toronto-Dominion Bank (b) |
34,390 | 2,071,882 | ||||||
U.S. Bancorp (b) |
24,581 | 812,648 | ||||||
UniCredit SpA |
85,929 | 2,056,219 | ||||||
Wells Fargo & Co. |
74,453 | 3,042,150 | ||||||
|
|
|||||||
44,360,989 | ||||||||
|
|
|||||||
Beverages1.2% | ||||||||
Ambev SA (ADR) |
198,072 | 511,026 | ||||||
Beverages(Continued) | ||||||||
Budweiser Brewing Co. APAC Ltd. |
385,800 | 757,001 | ||||||
Carlsberg AS - Class B |
13,596 | 1,713,247 | ||||||
Coca-Cola Co. |
123,092 | 6,890,690 | ||||||
Constellation Brands, Inc. - Class A |
2,007 | 504,419 | ||||||
Diageo PLC |
42,246 | 1,557,983 | ||||||
Fomento Economico Mexicano SAB de CV (ADR) |
9,740 | 1,063,121 | ||||||
Keurig Dr Pepper, Inc. |
18,254 | 576,279 | ||||||
Kweichow Moutai Co. Ltd. - Class A |
7,056 | 1,750,600 | ||||||
Pernod Ricard SA |
4,330 | 720,775 | ||||||
Wuliangye Yibin Co. Ltd. - Class A |
23,100 | 498,886 | ||||||
|
|
|||||||
16,544,027 | ||||||||
|
|
|||||||
Biotechnology1.0% | ||||||||
AbbVie, Inc. |
31,318 | 4,668,261 | ||||||
Alnylam Pharmaceuticals, Inc. (a) |
2,883 | 510,579 | ||||||
Exact Sciences Corp. (a) |
8,882 | 605,930 | ||||||
Genmab AS (a) |
1,812 | 641,231 | ||||||
Natera, Inc. (a) |
7,361 | 325,724 | ||||||
Regeneron Pharmaceuticals, Inc. (a) |
7,265 | 5,978,805 | ||||||
Vertex Pharmaceuticals, Inc. (a) |
1,112 | 386,687 | ||||||
|
|
|||||||
13,117,217 | ||||||||
|
|
|||||||
Broadline Retail1.4% | ||||||||
Alibaba Group Holding Ltd. (a) |
98,100 | 1,063,541 | ||||||
Amazon.com, Inc. (a) |
116,600 | 14,822,192 | ||||||
JD.com, Inc. - Class A |
48,750 | 708,576 | ||||||
MercadoLibre, Inc. (a) |
1,940 | 2,459,687 | ||||||
|
|
|||||||
19,053,996 | ||||||||
|
|
|||||||
Building Products0.3% | ||||||||
Carlisle Cos., Inc. |
1,777 | 460,705 | ||||||
Daikin Industries Ltd. |
11,000 | 1,725,738 | ||||||
Fortune Brands Innovations, Inc. |
7,620 | 473,659 | ||||||
Trane Technologies PLC |
5,330 | 1,081,510 | ||||||
|
|
|||||||
3,741,612 | ||||||||
|
|
|||||||
Capital Markets1.9% | ||||||||
3i Group PLC |
80,963 | 2,037,874 | ||||||
B3 SA - Brasil Bolsa Balcao |
253,543 | 619,917 | ||||||
Blackstone, Inc. (b) |
10,264 | 1,099,685 | ||||||
Charles Schwab Corp. |
44,094 | 2,420,761 | ||||||
CME Group, Inc. |
33,557 | 6,718,783 | ||||||
Deutsche Boerse AG |
9,974 | 1,723,959 | ||||||
Hong Kong Exchanges & Clearing Ltd. |
24,000 | 894,766 | ||||||
Japan Exchange Group, Inc. |
63,300 | 1,174,058 | ||||||
London Stock Exchange Group PLC |
16,463 | 1,652,669 | ||||||
Morgan Stanley |
15,696 | 1,281,892 | ||||||
Northern Trust Corp. |
5,592 | 388,532 | ||||||
S&P Global, Inc. |
15,346 | 5,607,582 | ||||||
State Street Corp. |
4,567 | 305,806 | ||||||
T. Rowe Price Group, Inc. |
2,544 | 266,789 | ||||||
|
|
|||||||
26,193,073 | ||||||||
|
|
|||||||
Chemicals0.7% | ||||||||
Air Liquide SA |
11,651 | 1,963,392 |
BHFTI-182
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Chemicals(Continued) | ||||||||
Axalta Coating Systems Ltd. (a) |
14,401 | $ | 387,387 | |||||
Dow, Inc. (b) |
37,406 | 1,928,653 | ||||||
LG Chem Ltd. |
2,026 | 744,877 | ||||||
Shin-Etsu Chemical Co. Ltd. |
142,800 | 4,144,684 | ||||||
|
|
|||||||
9,168,993 | ||||||||
|
|
|||||||
Commercial Services & Supplies0.1% | ||||||||
Copart, Inc. (a) |
21,558 | 928,934 | ||||||
|
|
|||||||
Communications Equipment0.1% | ||||||||
Arista Networks, Inc. (a) |
2,163 | 397,841 | ||||||
Cisco Systems, Inc. |
7,273 | 390,996 | ||||||
|
|
|||||||
788,837 | ||||||||
|
|
|||||||
Construction & Engineering0.5% | ||||||||
AECOM |
4,945 | 410,633 | ||||||
Quanta Services, Inc. |
5,716 | 1,069,292 | ||||||
Vinci SA |
47,346 | 5,241,522 | ||||||
|
|
|||||||
6,721,447 | ||||||||
|
|
|||||||
Construction Materials0.1% | ||||||||
Martin Marietta Materials, Inc. |
2,153 | 883,763 | ||||||
Vulcan Materials Co. |
1,327 | 268,081 | ||||||
|
|
|||||||
1,151,844 | ||||||||
|
|
|||||||
Consumer Finance0.1% | ||||||||
American Express Co. |
3,307 | 493,371 | ||||||
Capital One Financial Corp. |
15,800 | 1,533,390 | ||||||
|
|
|||||||
2,026,761 | ||||||||
|
|
|||||||
Consumer Staples Distribution & Retail0.4% | ||||||||
Albertsons Cos., Inc. - Class A |
19,239 | 437,687 | ||||||
Bid Corp. Ltd. |
45,793 | 1,015,812 | ||||||
Dollar General Corp. |
1,533 | 162,192 | ||||||
President Chain Store Corp. |
100,000 | 813,415 | ||||||
Raia Drogasil SA |
102,369 | 562,500 | ||||||
Seven & i Holdings Co. Ltd. |
33,900 | 1,327,510 | ||||||
Wal-Mart de Mexico SAB de CV (b) |
298,430 | 1,126,422 | ||||||
|
|
|||||||
5,445,538 | ||||||||
|
|
|||||||
Containers & Packaging0.1% | ||||||||
Packaging Corp. of America |
5,293 | 812,740 | ||||||
Silgan Holdings, Inc. |
5,545 | 239,045 | ||||||
Westrock Co. (b) |
8,677 | 310,637 | ||||||
|
|
|||||||
1,362,422 | ||||||||
|
|
|||||||
Distributors0.0% | ||||||||
Pool Corp. |
926 | 329,749 | ||||||
|
|
|||||||
Diversified Telecommunication Services0.2% | ||||||||
Nippon Telegraph & Telephone Corp. |
2,065,500 | 2,439,557 | ||||||
Verizon Communications, Inc. |
10,473 | 339,430 | ||||||
|
|
|||||||
2,778,987 | ||||||||
|
|
|||||||
Electric Utilities0.6% | ||||||||
Edison International |
5,795 | 366,766 | ||||||
Entergy Corp. |
2,150 | 198,875 | ||||||
Iberdrola SA |
183,519 | 2,049,066 | ||||||
NextEra Energy, Inc. |
55,152 | 3,159,658 | ||||||
PG&E Corp. (a) (b) |
31,305 | 504,950 | ||||||
SSE PLC |
64,373 | 1,261,379 | ||||||
Xcel Energy, Inc. |
8,600 | 492,092 | ||||||
|
|
|||||||
8,032,786 | ||||||||
|
|
|||||||
Electrical Equipment0.4% | ||||||||
AMETEK, Inc. |
5,471 | 808,395 | ||||||
Eaton Corp. PLC |
2,457 | 524,029 | ||||||
Hubbell, Inc. |
1,969 | 617,104 | ||||||
Legrand SA |
28,227 | 2,590,582 | ||||||
WEG SA |
130,744 | 943,407 | ||||||
|
|
|||||||
5,483,517 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components0.4% | ||||||||
CDW Corp. |
1,259 | 254,016 | ||||||
Delta Electronics, Inc. |
152,867 | 1,536,827 | ||||||
Jabil, Inc. |
5,016 | 636,480 | ||||||
Keyence Corp. |
7,800 | 2,899,037 | ||||||
Largan Precision Co. Ltd. |
6,000 | 397,447 | ||||||
TD SYNNEX Corp. |
4,367 | 436,089 | ||||||
|
|
|||||||
6,159,896 | ||||||||
|
|
|||||||
Energy Equipment & Services0.1% | ||||||||
Baker Hughes Co. |
17,947 | 633,888 | ||||||
TechnipFMC PLC (b) |
46,015 | 935,945 | ||||||
|
|
|||||||
1,569,833 | ||||||||
|
|
|||||||
Entertainment0.3% | ||||||||
Liberty Media Corp.-Liberty Live - Class C (a) |
5,350 | 171,735 | ||||||
NetEase, Inc. |
78,975 | 1,585,467 | ||||||
Netflix, Inc. (a) |
2,070 | 781,632 | ||||||
Sea Ltd. (ADR) (a) (b) |
8,364 | 367,598 | ||||||
Take-Two Interactive Software, Inc. (a) |
3,677 | 516,214 | ||||||
|
|
|||||||
3,422,646 | ||||||||
|
|
|||||||
Financial Services0.9% | ||||||||
Berkshire Hathaway, Inc. - Class B (a) |
6,720 | 2,354,016 | ||||||
FleetCor Technologies, Inc. (a) (b) |
1,582 | 403,948 | ||||||
Mastercard, Inc. - Class A |
22,565 | 8,933,709 | ||||||
MGIC Investment Corp. |
22,329 | 372,671 | ||||||
|
|
|||||||
12,064,344 | ||||||||
|
|
|||||||
Food Products0.5% | ||||||||
Ajinomoto Co., Inc. (b) |
23,400 | 901,841 | ||||||
Foshan Haitian Flavouring & Food Co. Ltd. - Class A |
65,772 | 345,081 | ||||||
Inner Mongolia Yili Industrial Group Co. Ltd. - Class A |
147,200 | 534,989 | ||||||
Kraft Heinz Co. |
15,878 | 534,136 | ||||||
Nestle SA |
37,982 | 4,288,980 | ||||||
Post Holdings, Inc. (a) |
6,521 | 559,111 | ||||||
|
|
|||||||
7,164,138 | ||||||||
|
|
BHFTI-183
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Ground Transportation0.6% | ||||||||
J.B. Hunt Transport Services, Inc. (b) |
3,061 | $ | 577,060 | |||||
Norfolk Southern Corp. |
853 | 167,981 | ||||||
Old Dominion Freight Line, Inc. |
1,337 | 547,020 | ||||||
Uber Technologies, Inc. (a) |
123,482 | 5,678,937 | ||||||
Union Pacific Corp. |
2,762 | 562,426 | ||||||
|
|
|||||||
7,533,424 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies0.6% | ||||||||
Align Technology, Inc. (a) |
1,195 | 364,857 | ||||||
Boston Scientific Corp. (a) |
16,648 | 879,014 | ||||||
Cooper Cos., Inc. |
1,673 | 532,031 | ||||||
Hoya Corp. |
33,000 | 3,400,767 | ||||||
Intuitive Surgical, Inc. (a) |
2,809 | 821,043 | ||||||
Medtronic PLC |
4,139 | 324,332 | ||||||
Straumann Holding AG |
4,150 | 527,111 | ||||||
Terumo Corp. |
36,500 | 966,961 | ||||||
Zimmer Biomet Holdings, Inc. |
2,884 | 323,643 | ||||||
|
|
|||||||
8,139,759 | ||||||||
|
|
|||||||
Health Care Providers & Services1.1% | ||||||||
Cencora, Inc. (b) |
5,670 | 1,020,430 | ||||||
Cigna Group |
1,734 | 496,045 | ||||||
CVS Health Corp. |
6,398 | 446,708 | ||||||
HCA Healthcare, Inc. |
2,524 | 620,854 | ||||||
Henry Schein, Inc. (a) |
5,010 | 371,993 | ||||||
Laboratory Corp. of America Holdings |
2,421 | 486,742 | ||||||
McKesson Corp. |
1,141 | 496,164 | ||||||
Quest Diagnostics, Inc. |
2,497 | 304,284 | ||||||
UnitedHealth Group, Inc. |
20,718 | 10,445,808 | ||||||
|
|
|||||||
14,689,028 | ||||||||
|
|
|||||||
Health Care REITs0.0% | ||||||||
Welltower, Inc. (b) |
3,003 | 246,006 | ||||||
|
|
|||||||
Hotel & Resort REITs0.0% | ||||||||
Apple Hospitality REIT, Inc. (b) |
18,811 | 288,561 | ||||||
|
|
|||||||
Hotels, Restaurants & Leisure1.3% | ||||||||
Booking Holdings, Inc. (a) |
518 | 1,597,486 | ||||||
H World Group Ltd. (ADR) (a) |
10,153 | 400,333 | ||||||
Hilton Worldwide Holdings, Inc. |
21,126 | 3,172,703 | ||||||
InterContinental Hotels Group PLC |
17,526 | 1,292,061 | ||||||
Marriott International, Inc. - Class A |
9,154 | 1,799,310 | ||||||
McDonalds Corp. |
16,369 | 4,312,250 | ||||||
Sands China Ltd. (a) |
428,000 | 1,301,534 | ||||||
Texas Roadhouse, Inc. (b) |
4,372 | 420,149 | ||||||
Yum China Holdings, Inc. |
18,635 | 1,038,342 | ||||||
Yum! Brands, Inc. |
24,600 | 3,073,524 | ||||||
|
|
|||||||
18,407,692 | ||||||||
|
|
|||||||
Household Durables0.3% | ||||||||
Garmin Ltd. |
4,126 | 434,055 | ||||||
Midea Group Co. Ltd. - Class A |
138,600 | 1,053,624 | ||||||
Mohawk Industries, Inc. (a) |
5,334 | 457,711 | ||||||
Newell Brands, Inc. |
33,425 | 301,828 | ||||||
Household Durables(Continued) | ||||||||
Sony Group Corp. |
28,400 | 2,323,168 | ||||||
|
|
|||||||
4,570,386 | ||||||||
|
|
|||||||
Household Products0.1% | ||||||||
Energizer Holdings, Inc. (b) |
9,673 | 309,923 | ||||||
Procter & Gamble Co. |
5,361 | 781,955 | ||||||
Unilever Indonesia Tbk PT |
487,400 | 118,023 | ||||||
|
|
|||||||
1,209,901 | ||||||||
|
|
|||||||
Independent Power and Renewable Electricity Producers0.3% | ||||||||
RWE AG |
103,328 | 3,839,845 | ||||||
|
|
|||||||
Industrial Conglomerates0.1% | ||||||||
Bidvest Group Ltd. |
27,559 | 395,296 | ||||||
Honeywell International, Inc. |
2,430 | 448,918 | ||||||
Jardine Matheson Holdings Ltd. |
9,900 | 459,367 | ||||||
|
|
|||||||
1,303,581 | ||||||||
|
|
|||||||
Industrial REITs0.3% | ||||||||
EastGroup Properties, Inc. |
1,245 | 207,330 | ||||||
Prologis, Inc. |
39,427 | 4,424,104 | ||||||
|
|
|||||||
4,631,434 | ||||||||
|
|
|||||||
Insurance2.2% | ||||||||
AIA Group Ltd. |
685,800 | 5,547,482 | ||||||
Allianz SE |
11,836 | 2,822,430 | ||||||
Chubb Ltd. |
2,345 | 488,182 | ||||||
CNA Financial Corp. (b) |
6,569 | 258,490 | ||||||
Fairfax Financial Holdings Ltd. |
578 | 473,353 | ||||||
Hartford Financial Services Group, Inc. |
3,591 | 254,638 | ||||||
HDFC Life Insurance Co. Ltd. |
111,849 | 861,129 | ||||||
Loews Corp. |
20,914 | 1,324,065 | ||||||
Muenchener Rueckversicherungs-Gesellschaft AG |
10,041 | 3,917,279 | ||||||
Ping An Insurance Group Co. of China Ltd. - Class H |
212,000 | 1,200,810 | ||||||
Progressive Corp. |
43,069 | 5,999,512 | ||||||
Prudential PLC |
115,614 | 1,244,946 | ||||||
Tokio Marine Holdings, Inc. |
132,600 | 3,056,743 | ||||||
Travelers Cos., Inc. |
4,432 | 723,790 | ||||||
W.R. Berkley Corp. |
5,884 | 373,575 | ||||||
Zurich Insurance Group AG |
4,073 | 1,866,401 | ||||||
|
|
|||||||
30,412,825 | ||||||||
|
|
|||||||
Interactive Media & Services1.4% | ||||||||
Alphabet, Inc. - Class C (a) |
38,451 | 5,069,764 | ||||||
IAC, Inc. (a) |
8,801 | 443,483 | ||||||
Meta Platforms, Inc. - Class A (a) |
33,961 | 10,195,432 | ||||||
NAVER Corp. |
5,028 | 750,318 | ||||||
Tencent Holdings Ltd. |
84,300 | 3,267,051 | ||||||
|
|
|||||||
19,726,048 | ||||||||
|
|
|||||||
IT Services0.7% | ||||||||
Capgemini SE |
7,510 | 1,304,027 | ||||||
EPAM Systems, Inc. (a) |
3,535 | 903,864 | ||||||
Infosys Ltd. (ADR) (b) |
167,141 | 2,859,782 |
BHFTI-184
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
IT Services(Continued) | ||||||||
International Business Machines Corp. |
2,617 | $ | 367,165 | |||||
MongoDB, Inc. (a) (b) |
2,058 | 711,780 | ||||||
Snowflake, Inc. - Class A (a) |
3,763 | 574,874 | ||||||
Tata Consultancy Services Ltd. |
73,155 | 3,100,003 | ||||||
|
|
|||||||
9,821,495 | ||||||||
|
|
|||||||
Leisure Products0.1% | ||||||||
Shimano, Inc. |
9,000 | 1,215,250 | ||||||
|
|
|||||||
Life Sciences Tools & Services0.1% | ||||||||
Fortrea Holdings, Inc. (a) (b) |
4,367 | 124,852 | ||||||
Mettler-Toledo International, Inc. (a) |
212 | 234,911 | ||||||
Thermo Fisher Scientific, Inc. |
1,431 | 724,329 | ||||||
Wuxi Biologics Cayman, Inc. (a) |
160,500 | 942,649 | ||||||
|
|
|||||||
2,026,741 | ||||||||
|
|
|||||||
Machinery1.1% | ||||||||
Atlas Copco AB - A Shares |
100,499 | 1,346,473 | ||||||
Deere & Co. |
9,219 | 3,479,066 | ||||||
Dover Corp. |
4,247 | 592,499 | ||||||
Ingersoll Rand, Inc. |
11,269 | 718,061 | ||||||
ITT, Inc. |
1,615 | 158,125 | ||||||
Middleby Corp. (a) |
2,715 | 347,520 | ||||||
Sandvik AB |
66,453 | 1,218,354 | ||||||
SMC Corp. (b) |
2,300 | 1,029,552 | ||||||
Techtronic Industries Co. Ltd. |
179,000 | 1,737,906 | ||||||
Timken Co. (b) |
4,202 | 308,805 | ||||||
Volvo AB - B Shares |
199,060 | 4,097,580 | ||||||
|
|
|||||||
15,033,941 | ||||||||
|
|
|||||||
Media0.2% | ||||||||
Charter Communications, Inc. - Class A (a) |
2,104 | 925,381 | ||||||
Liberty Broadband Corp. - Class C (a) (b) |
5,427 | 495,594 | ||||||
Liberty Media Corp.-Liberty SiriusXM - Class C (a) |
18,241 | 464,416 | ||||||
Nexstar Media Group, Inc. |
2,028 | 290,754 | ||||||
Trade Desk, Inc. - Class A (a) (b) |
11,170 | 872,936 | ||||||
|
|
|||||||
3,049,081 | ||||||||
|
|
|||||||
Metals & Mining0.3% | ||||||||
Anglo American PLC |
35,460 | 981,758 | ||||||
BHP Group Ltd. |
89,646 | 2,541,963 | ||||||
Freeport-McMoRan, Inc. |
8,134 | 303,317 | ||||||
|
|
|||||||
3,827,038 | ||||||||
|
|
|||||||
Multi-Utilities0.3% | ||||||||
Dominion Energy, Inc. |
10,033 | 448,174 | ||||||
Engie SA |
112,624 | 1,726,910 | ||||||
Public Service Enterprise Group, Inc. |
32,593 | 1,854,867 | ||||||
|
|
|||||||
4,029,951 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels2.2% | ||||||||
BP PLC |
694,992 | 4,487,456 | ||||||
Cheniere Energy, Inc. |
4,080 | 677,117 | ||||||
Chevron Corp. |
22,717 | 3,830,541 | ||||||
Oil, Gas & Consumable Fuels(Continued) | ||||||||
ConocoPhillips |
29,532 | 3,537,934 | ||||||
Coterra Energy, Inc. |
12,615 | 341,236 | ||||||
EOG Resources, Inc. |
25,037 | 3,173,690 | ||||||
Kinder Morgan, Inc. |
41,884 | 694,437 | ||||||
Phillips 66 |
6,250 | 750,937 | ||||||
Shell PLC |
270,623 | 8,592,285 | ||||||
TotalEnergies SE |
32,792 | 2,157,955 | ||||||
Williams Cos., Inc. |
22,302 | 751,354 | ||||||
Woodside Energy Group Ltd. |
51,653 | 1,203,438 | ||||||
|
|
|||||||
30,198,380 | ||||||||
|
|
|||||||
Personal Care Products0.2% | ||||||||
Kenvue, Inc. |
21,951 | 440,776 | ||||||
LOreal SA |
3,672 | 1,520,720 | ||||||
LG H&H Co. Ltd. |
657 | 216,338 | ||||||
|
|
|||||||
2,177,834 | ||||||||
|
|
|||||||
Pharmaceuticals2.0% | ||||||||
AstraZeneca PLC |
42,970 | 5,782,765 | ||||||
Bristol-Myers Squibb Co. |
52,000 | 3,018,080 | ||||||
Eli Lilly & Co. |
2,866 | 1,539,415 | ||||||
Johnson & Johnson (b) |
19,246 | 2,997,564 | ||||||
Kyowa Kirin Co. Ltd. |
39,400 | 686,160 | ||||||
Merck & Co., Inc. |
4,661 | 479,850 | ||||||
Novo Nordisk AS |
79,096 | 7,195,034 | ||||||
Roche Holding AG |
18,131 | 4,945,505 | ||||||
Royalty Pharma PLC - Class A |
14,205 | 385,524 | ||||||
Sanofi |
5,998 | 643,598 | ||||||
|
|
|||||||
27,673,495 | ||||||||
|
|
|||||||
Professional Services0.4% | ||||||||
Recruit Holdings Co. Ltd. |
37,500 | 1,154,793 | ||||||
RELX PLC |
133,133 | 4,491,354 | ||||||
|
|
|||||||
5,646,147 | ||||||||
|
|
|||||||
Real Estate Management & Development0.0% | ||||||||
CBRE Group, Inc. - Class A (a) |
7,036 | 519,679 | ||||||
|
|
|||||||
Residential REITs0.1% | ||||||||
American Homes 4 Rent - Class A |
14,866 | 500,835 | ||||||
Mid-America Apartment Communities, Inc. |
4,178 | 537,500 | ||||||
|
|
|||||||
1,038,335 | ||||||||
|
|
|||||||
Retail REITs0.1% | ||||||||
Brixmor Property Group, Inc. |
22,896 | 475,779 | ||||||
Federal Realty Investment Trust |
4,338 | 393,153 | ||||||
Kimco Realty Corp. |
36,879 | 648,701 | ||||||
|
|
|||||||
1,517,633 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment3.2% | ||||||||
Advanced Micro Devices, Inc. (a) |
25,704 | 2,642,885 | ||||||
Analog Devices, Inc. |
22,179 | 3,883,321 | ||||||
ASML Holding NV |
13,146 | 7,719,845 |
BHFTI-185
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares |
Value | ||||||
Semiconductors & Semiconductor Equipment(Continued) | ||||||||
Broadcom, Inc. |
1,446 | $ | 1,201,019 | |||||
Entegris, Inc. |
5,348 | 502,231 | ||||||
Infineon Technologies AG |
46,904 | 1,555,568 | ||||||
Lam Research Corp. |
1,474 | 923,859 | ||||||
NVIDIA Corp. |
23,089 | 10,043,484 | ||||||
NXP Semiconductors NV |
27,229 | 5,443,622 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. (ADR) (b) |
77,097 | 6,699,729 | ||||||
Teradyne, Inc. (b) |
10,790 | 1,083,963 | ||||||
Texas Instruments, Inc. |
4,286 | 681,517 | ||||||
Tokyo Electron Ltd. |
9,100 | 1,238,372 | ||||||
|
|
|||||||
43,619,415 | ||||||||
|
|
|||||||
Software2.4% | ||||||||
Adobe, Inc. (a) |
5,264 | 2,684,114 | ||||||
Cadence Design Systems, Inc. (a) |
2,124 | 497,653 | ||||||
Confluent, Inc. - Class A (a) (b) |
19,015 | 563,034 | ||||||
Crowdstrike Holdings, Inc. - Class A (a) (b) |
2,957 | 494,943 | ||||||
HashiCorp, Inc. - Class A (a) |
9,548 | 217,981 | ||||||
HubSpot, Inc. (a) |
1,641 | 808,192 | ||||||
Intuit, Inc. |
3,207 | 1,638,584 | ||||||
Microsoft Corp. |
72,045 | 22,748,209 | ||||||
Oracle Corp. |
6,089 | 644,947 | ||||||
Palo Alto Networks, Inc. (a) (b) |
4,900 | 1,148,756 | ||||||
Synopsys, Inc. (a) |
1,386 | 636,132 | ||||||
Workday, Inc. - Class A (a) (b) |
2,541 | 545,934 | ||||||
|
|
|||||||
32,628,479 | ||||||||
|
|
|||||||
Specialized REITs0.2% | ||||||||
Lamar Advertising Co. - Class A (b) |
5,010 | 418,185 | ||||||
Public Storage (b) |
2,079 | 547,858 | ||||||
Rayonier, Inc. |
15,897 | 452,428 | ||||||
Weyerhaeuser Co. |
27,592 | 845,971 | ||||||
|
|
|||||||
2,264,442 | ||||||||
|
|
|||||||
Specialty Retail0.8% | ||||||||
AutoZone, Inc. (a) |
295 | 749,297 | ||||||
Bath & Body Works, Inc. |
10,396 | 351,385 | ||||||
Best Buy Co., Inc. |
4,192 | 291,218 | ||||||
Dicks Sporting Goods, Inc. (b) |
3,365 | 365,372 | ||||||
Home Depot, Inc. |
1,422 | 429,672 | ||||||
Industria de Diseno Textil SA |
50,932 | 1,895,654 | ||||||
Lojas Renner SA |
100,315 | 267,424 | ||||||
Lowes Cos., Inc. |
7,496 | 1,557,969 | ||||||
Murphy USA, Inc. |
1,271 | 434,339 | ||||||
Ross Stores, Inc. |
34,697 | 3,919,026 | ||||||
TJX Cos., Inc. |
9,314 | 827,828 | ||||||
|
|
|||||||
11,089,184 | ||||||||
|
|
|||||||
Technology Hardware, Storage & Peripherals1.2% | ||||||||
Apple, Inc. |
72,756 | 12,456,555 | ||||||
Samsung Electronics Co. Ltd. (GDR) |
3,554 | 4,478,040 | ||||||
|
|
|||||||
16,934,595 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods0.7% | ||||||||
Cie Financiere Richemont SA - Class A |
11,014 | 1,341,973 | ||||||
Columbia Sportswear Co. (b) |
4,884 | 361,904 | ||||||
Kering SA |
2,059 | 936,149 | ||||||
Lululemon Athletica, Inc. (a) |
1,323 | 510,162 | ||||||
LVMH Moet Hennessy Louis Vuitton SE |
8,599 | 6,487,315 | ||||||
Ralph Lauren Corp. |
4,406 | 511,493 | ||||||
|
|
|||||||
10,148,996 | ||||||||
|
|
|||||||
Tobacco0.2% | ||||||||
ITC Ltd. |
308,529 | 1,648,455 | ||||||
Philip Morris International, Inc. |
6,517 | 603,344 | ||||||
|
|
|||||||
2,251,799 | ||||||||
|
|
|||||||
Trading Companies & Distributors0.1% | ||||||||
Air Lease Corp. |
7,752 | 305,506 | ||||||
Ferguson PLC |
7,892 | 1,297,647 | ||||||
|
|
|||||||
1,603,153 | ||||||||
|
|
|||||||
Wireless Telecommunication Services0.0% | ||||||||
T-Mobile U.S., Inc. (a) (b) |
2,180 | 305,309 | ||||||
|
|
|||||||
Total Common Stocks |
557,975,203 | |||||||
|
|
|||||||
Convertible Bonds18.4% |
| |||||||
Aerospace/Defense1.2% | ||||||||
Rheinmetall AG |
1,300,000 | 1,391,904 | ||||||
Safran SA |
||||||||
Zero Coupon, 04/01/28 (EUR) |
867,100 | 1,621,470 | ||||||
0.875%, 05/15/27 (EUR) |
8,178,400 | 13,361,243 | ||||||
|
|
|||||||
16,374,617 | ||||||||
|
|
|||||||
Airlines0.7% | ||||||||
Southwest Airlines Co. |
9,490,000 | 9,418,825 | ||||||
|
|
|||||||
Banks2.1% | ||||||||
Barclays Bank PLC | ||||||||
Zero Coupon, 01/24/25 (EUR) |
2,700,000 | 2,844,420 | ||||||
Zero Coupon, 02/04/25 |
7,968,000 | 12,772,943 | ||||||
Zero Coupon, 02/18/25 |
9,000,000 | 9,147,600 | ||||||
BNP Paribas SA |
2,700,000 | 3,359,221 | ||||||
|
|
|||||||
28,124,184 | ||||||||
|
|
|||||||
Beverages0.4% | ||||||||
Fomento Economico Mexicano SAB de CV |
5,500,000 | 5,733,351 | ||||||
|
|
|||||||
Chemicals0.4% | ||||||||
LG Chem Ltd. |
5,800,000 | 5,634,700 | ||||||
|
|
BHFTI-186
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Convertible Bonds(Continued)
Security Description | Principal Amount* |
Value | ||||||
Commercial Services1.5% | ||||||||
Amadeus IT Group SA |
7,900,000 | $ | 9,585,112 | |||||
Edenred | ||||||||
Zero Coupon, 09/06/24 (EUR) |
2,870,100 | 1,908,925 | ||||||
Zero Coupon, 06/14/28 (EUR) |
6,501,262 | 4,560,344 | ||||||
Euronet Worldwide, Inc. |
4,424,000 | 4,064,550 | ||||||
|
|
|||||||
20,118,931 | ||||||||
|
|
|||||||
Diversified Financial Services1.0% | ||||||||
Citigroup Global Markets Funding Luxembourg SCA |
5,400,000 | 5,783,040 | ||||||
Merrill Lynch BV |
3,000,000 | 3,209,241 | ||||||
SBI Holdings, Inc. |
610,000,000 | 4,771,748 | ||||||
|
|
|||||||
13,764,029 | ||||||||
|
|
|||||||
Electric1.0% | ||||||||
CenterPoint Energy, Inc. |
4,486,000 | 4,376,093 | ||||||
Iberdrola Finanzas SA |
3,000,000 | 3,028,116 | ||||||
Southern Co. |
6,000,000 | 5,832,000 | ||||||
|
|
|||||||
13,236,209 | ||||||||
|
|
|||||||
Electrical Components & Equipment0.5% | ||||||||
Schneider Electric SE |
3,942,300 | 7,465,022 | ||||||
|
|
|||||||
Food0.3% | ||||||||
Mondelez International Holdings Netherlands BV |
4,200,000 | 4,250,797 | ||||||
|
|
|||||||
Internet1.6% | ||||||||
Booking Holdings, Inc. |
8,475,000 | 14,153,250 | ||||||
Expedia Group, Inc. |
6,824,000 | 5,928,691 | ||||||
Palo Alto Networks, Inc. |
906,000 | 2,134,083 | ||||||
|
|
|||||||
22,216,024 | ||||||||
|
|
|||||||
Investment Companies0.9% | ||||||||
Ares Capital Corp. |
4,923,000 | 4,993,768 | ||||||
Groupe Bruxelles Lambert NV |
4,400,000 | 4,461,992 | ||||||
Wendel SE |
3,300,000 | 3,371,272 | ||||||
|
|
|||||||
12,827,032 | ||||||||
|
|
|||||||
Iron/Steel0.7% | ||||||||
POSCO Holdings, Inc. |
6,900,000 | 9,042,451 | ||||||
|
|
|||||||
Mining0.5% | ||||||||
Glencore Funding LLC |
6,200,000 | 6,762,598 | ||||||
|
|
|||||||
Oil & Gas0.9% | ||||||||
Pioneer Natural Resources Co. |
5,100,000 | 12,491,940 | ||||||
|
|
|||||||
Real Estate0.4% | ||||||||
LEG Immobilien SE |
5,300,000 | 5,175,195 | ||||||
|
|
|||||||
Real Estate Investment Trusts0.6% | ||||||||
DEXUS Finance Pty. Ltd. |
3,400,000 | 2,245,381 | ||||||
Welltower OP LLC |
5,264,000 | 5,372,098 | ||||||
|
|
|||||||
7,617,479 | ||||||||
|
|
|||||||
Retail0.4% |
||||||||
Zalando SE |
6,400,000 | 6,097,320 | ||||||
|
|
|||||||
Semiconductors1.7% | ||||||||
Microchip Technology, Inc. |
6,060,000 | 6,363,000 | ||||||
SK Hynix, Inc. |
2,400,000 | 2,895,600 | ||||||
STMicroelectronics NV |
13,000,000 | 14,403,828 | ||||||
|
|
|||||||
23,662,428 | ||||||||
|
|
|||||||
Software0.7% |
||||||||
Akamai Technologies, Inc. |
6,129,000 | 6,383,353 | ||||||
1.125%, 02/15/29 (144A) |
3,007,000 | 3,032,560 | ||||||
|
|
|||||||
9,415,913 | ||||||||
|
|
|||||||
Telecommunications0.6% |
||||||||
America Movil BV |
8,200,000 | 8,853,662 | ||||||
|
|
|||||||
Water0.3% | ||||||||
American Water Capital Corp. |
4,456,000 | 4,294,693 | ||||||
|
|
|||||||
Total Convertible Bonds |
252,577,400 | |||||||
|
|
|||||||
U.S. Treasury & Government Agencies12.5% |
| |||||||
Agency Sponsored Mortgage - Backed6.6% | ||||||||
Federal Home Loan Mortgage Corp. | ||||||||
1.800%, 11/01/28 |
1,000,000 | 848,376 | ||||||
2.500%, 07/01/50 |
2,251,714 | 1,799,417 |
BHFTI-187
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies(Continued)
Security Description | Principal Amount* |
Value | ||||||
Agency Sponsored Mortgage - Backed(Continued) | ||||||||
Federal Home Loan Mortgage Corp. | ||||||||
3.000%, 02/01/52 |
378,278 | $ | 314,769 | |||||
3.500%, 10/01/49 |
144,160 | 126,154 | ||||||
3.700%, 06/01/34 |
750,000 | 658,567 | ||||||
4.000%, 12/01/47 |
155,355 | 140,529 | ||||||
4.500%, 06/01/47 |
330,347 | 310,433 | ||||||
4.500%, 06/01/48 |
182,933 | 171,212 | ||||||
5.000%, 12/01/48 |
128,604 | 123,421 | ||||||
Federal Home Loan Mortgage Corp. Multifamily Structured Credit Risk |
589,489 | 593,707 | ||||||
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates |
||||||||
3.600%, 02/25/28 |
1,000,000 | 937,125 | ||||||
3.820%, 12/25/32 (e) |
600,000 | 536,676 | ||||||
3.850%, 05/25/28 (e) |
585,000 | 551,576 | ||||||
4.660%, 01/25/31 |
485,000 | 463,998 | ||||||
Federal Home Loan Mortgage Corp. REMICS | ||||||||
2.500%, 01/15/42 |
20,166 | 16,610 | ||||||
3.000%, 07/25/49 |
242,807 | 207,452 | ||||||
3.500%, 03/15/35 |
600,000 | 544,710 | ||||||
4.000%, 07/15/38 |
250,000 | 236,414 | ||||||
4.500%, 10/15/41 |
683,946 | 625,998 | ||||||
5.000%, 02/15/40 |
117,000 | 109,439 | ||||||
5.000%, 02/15/41 |
426,517 | 412,708 | ||||||
5.500%, 03/15/37 |
148,777 | 147,672 | ||||||
Federal National Mortgage Association | ||||||||
1.500%, 01/01/31 |
500,000 | 385,691 | ||||||
1.800%, 10/01/33 |
500,000 | 372,416 | ||||||
1.930%, 11/01/31 |
900,000 | 701,887 | ||||||
1.960%, 09/01/33 |
750,000 | 557,872 | ||||||
2.000%, 01/01/32 |
1,800,000 | 1,404,062 | ||||||
2.130%, 11/01/28 |
1,213,962 | 1,047,633 | ||||||
2.140%, 12/01/33 |
450,000 | 348,766 | ||||||
2.160%, 12/01/33 |
500,000 | 382,210 | ||||||
2.500%, 05/01/50 |
774,403 | 623,685 | ||||||
2.500%, 07/01/50 |
1,335,118 | 1,066,254 | ||||||
2.500%, 09/01/51 |
484,133 | 384,330 | ||||||
2.500%, 11/01/51 |
737,568 | 586,889 | ||||||
2.500%, 01/01/52 |
391,618 | 312,123 | ||||||
2.500%, 07/01/61 |
390,215 | 300,201 | ||||||
2.500%, 09/01/61 |
892,756 | 686,812 | ||||||
2.500%, 03/01/62 |
572,178 | 439,122 | ||||||
2.510%, 10/01/30 |
1,050,000 | 879,145 | ||||||
2.580%, 03/01/32 |
498,686 | 405,973 | ||||||
2.600%, 10/01/31 |
350,000 | 292,438 | ||||||
2.730%, 09/01/29 |
1,149,393 | 1,008,136 | ||||||
2.770%, 08/01/33 |
921,000 | 746,836 | ||||||
3.000%, 05/01/51 |
1,300,286 | 1,082,110 | ||||||
3.000%, 01/01/52 |
602,733 | 499,816 | ||||||
3.000%, 03/01/61 |
751,167 | 610,893 | ||||||
3.230%, 01/01/30 |
453,107 | 407,638 | ||||||
3.330%, 04/01/35 |
470,350 | 403,587 | ||||||
3.500%, 01/01/50 |
580,337 | 508,683 | ||||||
3.500%, 05/01/52 |
979,288 | 849,348 | ||||||
3.500%, 03/01/61 |
377,115 | 320,747 | ||||||
Agency Sponsored Mortgage - Backed(Continued) | ||||||||
Federal National Mortgage Association | ||||||||
3.500%, 09/01/61 |
867,379 | 737,574 | ||||||
3.500%, 03/01/62 |
646,917 | 559,728 | ||||||
3.500%, 06/01/62 |
598,748 | 506,545 | ||||||
3.510%, 09/01/32 |
300,000 | 262,049 | ||||||
3.540%, 11/01/32 |
600,000 | 524,610 | ||||||
3.620%, 05/01/32 |
978,860 | 873,777 | ||||||
3.660%, 03/01/27 |
702,979 | 667,434 | ||||||
3.680%, 09/01/32 |
613,000 | 542,933 | ||||||
3.740%, 02/01/29 |
800,000 | 745,013 | ||||||
3.750%, 09/01/32 |
1,030,000 | 925,023 | ||||||
3.800%, 09/01/32 |
720,672 | 644,504 | ||||||
3.810%, 10/01/32 |
790,000 | 706,529 | ||||||
3.870%, 06/01/37 |
764,000 | 649,181 | ||||||
3.895%, 02/01/33 |
750,000 | 673,614 | ||||||
3.970%, 10/01/32 |
739,670 | 676,165 | ||||||
4.000%, 06/01/46 |
425,740 | 388,458 | ||||||
4.000%, 07/01/47 |
523,866 | 475,446 | ||||||
4.000%, 11/01/47 |
186,403 | 169,106 | ||||||
4.000%, 12/01/47 |
314,179 | 284,929 | ||||||
4.000%, 01/01/48 |
323,545 | 293,573 | ||||||
4.000%, 09/01/48 |
100,316 | 90,635 | ||||||
4.000%, 06/01/49 |
398,033 | 363,274 | ||||||
4.000%, 10/01/52 |
836,938 | 746,719 | ||||||
4.000%, 08/01/59 |
586,659 | 522,281 | ||||||
4.000%, 12/01/61 |
879,208 | 783,028 | ||||||
4.090%, 07/01/30 |
700,000 | 654,817 | ||||||
4.210%, 02/01/33 |
1,000,000 | 921,587 | ||||||
4.330%, 01/01/33 |
800,000 | 746,197 | ||||||
4.420%, 09/01/29 |
180,000 | 172,724 | ||||||
4.500%, 04/01/39 |
93,275 | 87,048 | ||||||
4.500%, 12/01/40 |
111,529 | 105,363 | ||||||
4.500%, 05/01/48 |
42,932 | 40,011 | ||||||
4.500%, 06/01/48 |
72,283 | 67,594 | ||||||
4.500%, 07/01/48 |
18,834 | 17,603 | ||||||
4.500%, 11/01/48 |
1,378,872 | 1,288,355 | ||||||
4.500%, 01/01/49 |
165,104 | 155,858 | ||||||
4.500%, 06/01/49 |
109,584 | 102,024 | ||||||
4.500%, 06/01/62 |
515,666 | 474,894 | ||||||
4.510%, 10/01/35 (c) (d) |
800,000 | 789,500 | ||||||
4.550%, 04/01/33 |
992,306 | 938,949 | ||||||
4.550%, 09/01/33 |
1,605,000 | 1,519,765 | ||||||
4.590%, 04/01/33 |
882,000 | 837,234 | ||||||
4.680%, 10/01/29 |
800,000 | 775,570 | ||||||
4.700%, 09/01/33 |
781,469 | 748,185 | ||||||
4.970%, 12/01/30 |
544,154 | 534,168 | ||||||
5.000%, 07/01/44 |
290,355 | 288,552 | ||||||
5.000%, 06/01/48 |
41,760 | 39,919 | ||||||
5.000%, 07/01/48 |
186,656 | 181,019 | ||||||
5.000%, 08/01/48 |
210,703 | 202,134 | ||||||
5.000%, 10/01/48 |
112,554 | 107,340 | ||||||
5.000%, 01/01/49 |
246,925 | 237,152 | ||||||
5.000%, 03/01/53 |
479,056 | 452,142 | ||||||
5.000%, 06/01/53 |
996,002 | 940,072 | ||||||
5.230%, 12/01/32 |
1,000,000 | 996,301 | ||||||
Federal National Mortgage Association REMICS | ||||||||
3.500%, 06/25/46 |
114,736 | 105,657 |
BHFTI-188
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies(Continued)
Security Description | Principal Amount* |
Value | ||||||
Agency Sponsored Mortgage - Backed(Continued) | ||||||||
Federal National Mortgage Association REMICS | ||||||||
3.500%, 05/25/49 |
438,134 | $ | 389,515 | |||||
4.000%, 04/25/42 |
153,873 | 141,672 | ||||||
4.000%, 05/25/43 |
97,003 | 94,064 | ||||||
5.000%, 04/25/37 |
27,801 | 26,274 | ||||||
5.000%, 07/25/39 |
250,000 | 241,186 | ||||||
5.000%, 05/25/40 |
65,000 | 61,271 | ||||||
6.000%, 01/25/34 |
91,594 | 91,619 | ||||||
Federal National Mortgage Association Trust |
206,459 | 201,371 | ||||||
Federal National Mortgage Association-Aces | ||||||||
0.750%, 09/25/28 |
194,305 | 182,624 | ||||||
1.000%, 11/25/33 |
689,032 | 647,400 | ||||||
1.200%, 10/25/30 |
78,993 | 69,372 | ||||||
1.764%, 11/25/31 (e) |
1,000,000 | 771,506 | ||||||
1.933%, 10/25/30 (e) (f) |
1,165,364 | 84,961 | ||||||
2.048%, 11/25/33 (e) (f) |
8,420,694 | 697,479 | ||||||
2.064%, 07/25/30 (e) (f) |
1,917,894 | 144,542 | ||||||
2.152%, 04/25/32 (e) |
1,620,000 | 1,277,858 | ||||||
2.680%, 06/25/32 (e) |
966,000 | 782,766 | ||||||
3.876%, 08/25/32 (e) |
800,000 | 718,893 | ||||||
FREMF Mortgage Trust |
500,000 | 434,134 | ||||||
Government National Mortgage Association | ||||||||
1.500%, 03/20/36 |
722,295 | 598,344 | ||||||
2.500%, 08/20/51 |
431,212 | 352,697 | ||||||
2.500%, 10/20/51 |
118,433 | 96,860 | ||||||
3.000%, 12/20/51 |
462,384 | 403,049 | ||||||
3.000%, 03/20/52 |
752,372 | 636,279 | ||||||
3.500%, 02/20/52 |
521,237 | 455,475 | ||||||
4.000%, 10/20/49 |
245,568 | 224,836 | ||||||
4.000%, 01/20/52 |
371,988 | 329,682 | ||||||
4.000%, 08/20/52 |
507,736 | 457,517 | ||||||
4.200%, 01/20/49 |
1,174,270 | 1,063,536 | ||||||
4.250%, 07/20/47 |
599,265 | 551,378 | ||||||
4.250%, 10/20/48 |
1,495,879 | 1,369,856 | ||||||
4.250%, 12/20/48 |
510,513 | 463,406 | ||||||
4.250%, 02/20/50 |
845,543 | 765,633 | ||||||
4.500%, 07/15/39 |
219,623 | 210,038 | ||||||
4.500%, 02/20/48 |
2,035,864 | 1,890,644 | ||||||
4.500%, 05/20/48 |
60,042 | 55,343 | ||||||
4.500%, 06/20/48 |
694,672 | 646,253 | ||||||
4.500%, 12/20/48 |
255,427 | 236,576 | ||||||
4.500%, 07/20/49 |
242,162 | 224,669 | ||||||
4.500%, 09/20/49 |
606,898 | 571,572 | ||||||
4.500%, 06/20/52 |
735,425 | 679,613 | ||||||
5.000%, 07/20/48 |
86,264 | 82,666 | ||||||
5.000%, 12/20/48 |
284,461 | 274,363 | ||||||
5.000%, 03/20/49 |
668,128 | 640,774 | ||||||
5.000%, 05/20/49 |
617,447 | 603,190 | ||||||
5.000%, 06/20/52 |
1,235,973 | 1,173,144 | ||||||
5.500%, 04/20/53 |
992,340 | 980,237 | ||||||
5.500%, 07/20/53 |
653,476 | 636,852 | ||||||
6.000%, 04/20/53 |
1,204,754 | 1,203,781 | ||||||
6.707%, 1Y H15 + 1.565%, 11/20/71 (e) |
439,919 | 448,560 | ||||||
6.757%, 1Y H15 + 1.639%, 11/20/71 (e) |
496,936 | 508,386 | ||||||
6.858%, 1Y H15 + 1.787%, 09/20/71 (e) |
397,217 | 409,133 | ||||||
6.860%, 1Y H15 + 1.751%, 10/20/71 (e) |
492,273 | 505,969 | ||||||
6.908%, 1Y H15 + 1.837%, 08/20/71 (e) |
396,829 | 409,468 | ||||||
Agency Sponsored Mortgage - Backed(Continued) | ||||||||
Government National Mortgage Association | ||||||||
6.919%, 1Y H15 + 1.753%, 11/20/71 (e) |
463,364 | 476,978 | ||||||
6.936%, 1Y H15 + 1.679%, 04/20/72 (e) |
459,719 | 472,781 | ||||||
6.960%, 1Y H15 + 1.702%, 02/20/72 (e) |
606,455 | 623,476 | ||||||
7.000%, 1Y H15 + 1.778%, 12/20/71 (e) |
411,223 | 423,850 | ||||||
7.204%, 1Y H15 + 1.953%, 03/20/72 (e) |
346,664 | 359,977 | ||||||
Government National Mortgage Association REMICS | ||||||||
2.500%, 05/20/43 |
14,545 | 11,351 | ||||||
3.500%, 04/20/49 |
311,418 | 279,077 | ||||||
4.358%, 1M TSFR + 0.724%, 03/20/70 (e) |
385,808 | 379,370 | ||||||
4.500%, 04/20/53 |
745,101 | 683,827 | ||||||
5.500%, 02/20/37 |
74,867 | 74,236 | ||||||
5.500%, 04/16/37 |
78,221 | 77,889 | ||||||
5.500%, 11/16/39 |
200,000 | 195,530 | ||||||
6.000%, 04/17/34 |
42,546 | 42,676 | ||||||
Seasoned Credit Risk Transfer Trust | ||||||||
3.000%, 10/25/62 |
788,378 | 639,988 | ||||||
3.250%, 11/25/61 |
351,872 | 291,211 | ||||||
3.500%, 05/25/57 |
383,242 | 344,003 | ||||||
3.500%, 06/25/57 |
386,101 | 352,236 | ||||||
3.500%, 03/25/58 |
564,944 | 518,488 | ||||||
3.500%, 07/25/58 |
386,079 | 327,899 | ||||||
Uniform Mortgage-Backed Security, TBA |
463,531 | 367,873 | ||||||
|
|
|||||||
89,993,130 | ||||||||
|
|
|||||||
U.S. Treasury5.9% |
||||||||
U.S. Treasury Bonds |
1,365,000 | 783,489 | ||||||
1.250%, 05/15/50 |
831,000 | 392,063 | ||||||
1.375%, 08/15/50 |
135,000 | 65,876 | ||||||
1.750%, 08/15/41 |
560,000 | 348,731 | ||||||
1.875%, 02/15/51 (b) |
2,298,000 | 1,287,957 | ||||||
1.875%, 11/15/51 |
1,545,000 | 861,156 | ||||||
2.000%, 11/15/41 (b) |
135,000 | 87,608 | ||||||
2.000%, 02/15/50 |
367,000 | 214,179 | ||||||
2.000%, 08/15/51 |
500,000 | 288,516 | ||||||
2.250%, 08/15/46 |
236,000 | 149,639 | ||||||
2.250%, 08/15/49 |
115,000 | 71,588 | ||||||
2.375%, 02/15/42 |
625,000 | 432,007 | ||||||
2.375%, 11/15/49 (b) |
570,000 | 364,822 | ||||||
2.375%, 05/15/51 |
175,000 | 110,988 | ||||||
2.500%, 02/15/45 |
2,810,000 | 1,908,166 | ||||||
2.750%, 08/15/42 |
1,600,000 | 1,173,000 | ||||||
2.750%, 11/15/42 |
8,895,000 | 6,493,697 | ||||||
2.875%, 05/15/43 |
1,000,000 | 740,859 | ||||||
2.875%, 08/15/45 (b) |
5,000 | 3,621 | ||||||
2.875%, 05/15/52 |
7,240,000 | 5,133,330 | ||||||
3.000%, 11/15/44 (b) |
79,000 | 58,963 | ||||||
3.000%, 02/15/47 (b) |
65,000 | 47,729 | ||||||
3.250%, 05/15/42 (b) |
1,400,000 | 1,115,625 | ||||||
3.750%, 11/15/43 |
852,000 | 723,202 | ||||||
3.875%, 08/15/40 |
410,000 | 364,035 | ||||||
3.875%, 05/15/43 |
265,000 | 230,384 | ||||||
U.S. Treasury Notes | ||||||||
0.375%, 01/31/26 |
120,000 | 108,023 | ||||||
0.375%, 09/30/27 |
2,330,000 | 1,966,757 | ||||||
0.500%, 02/28/26 |
1,780,000 | 1,602,556 | ||||||
0.625%, 08/15/30 |
250,000 | 191,865 |
BHFTI-189
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies(Continued)
Security Description | Principal Amount* |
Value | ||||||
U.S. Treasury(Continued) | ||||||||
U.S. Treasury Notes | ||||||||
0.875%, 06/30/26 |
1,305,000 | $ | 1,174,194 | |||||
0.875%, 09/30/26 |
147,000 | 131,175 | ||||||
1.250%, 03/31/28 |
8,655,000 | 7,470,009 | ||||||
1.250%, 06/30/28 |
9,590,000 | 8,212,187 | ||||||
1.375%, 11/15/31 |
127,000 | 99,546 | ||||||
1.500%, 02/15/30 (b) |
2,430,000 | 2,014,242 | ||||||
1.625%, 05/15/31 |
610,000 | 495,244 | ||||||
1.875%, 02/28/29 |
1,300,000 | 1,128,969 | ||||||
1.875%, 02/15/32 |
7,675,000 | 6,234,439 | ||||||
2.250%, 11/15/25 |
3,065,000 | 2,895,946 | ||||||
2.500%, 02/28/26 |
30,000 | 28,366 | ||||||
2.625%, 05/31/27 |
7,670,000 | 7,130,104 | ||||||
2.750%, 07/31/27 |
1,850,000 | 1,723,318 | ||||||
2.875%, 04/30/29 |
4,865,000 | 4,442,923 | ||||||
3.125%, 08/31/27 |
2,485,000 | 2,345,316 | ||||||
3.125%, 08/31/29 |
2,455,000 | 2,262,436 | ||||||
3.500%, 02/15/33 |
4,340,000 | 3,981,950 | ||||||
U.S. Treasury STRIPS Coupon | ||||||||
Zero Coupon, 02/15/32 |
2,375,000 | 1,606,474 | ||||||
Zero Coupon, 11/15/40 |
720,000 | 301,333 | ||||||
Zero Coupon, 02/15/41 |
462,776 | 191,059 | ||||||
|
|
|||||||
81,189,661 | ||||||||
|
|
|||||||
Total U.S. Treasury & Government Agencies |
171,182,791 | |||||||
|
|
|||||||
Corporate Bonds & Notes5.8% |
| |||||||
Aerospace/Defense0.2% | ||||||||
BAE Systems PLC |
200,000 | 154,318 | ||||||
Boeing Co. |
1,165,000 | 1,069,684 | ||||||
2.750%, 02/01/26 |
102,000 | 95,272 | ||||||
3.100%, 05/01/26 |
80,000 | 74,697 | ||||||
3.250%, 03/01/28 |
100,000 | 89,864 | ||||||
5.150%, 05/01/30 |
150,000 | 143,325 | ||||||
L3Harris Technologies, Inc. |
50,000 | 45,477 | ||||||
5.400%, 07/31/33 |
171,000 | 164,378 | ||||||
RTX Corp. |
253,000 | 191,555 | ||||||
4.350%, 04/15/47 |
140,000 | 108,956 | ||||||
5.150%, 02/27/33 |
126,000 | 119,318 | ||||||
|
|
|||||||
2,256,844 | ||||||||
|
|
|||||||
Agriculture0.1% | ||||||||
Altria Group, Inc. |
170,000 | 128,244 | ||||||
BAT Capital Corp. |
95,000 | 80,344 | ||||||
3.734%, 09/25/40 |
65,000 | 43,589 | ||||||
4.390%, 08/15/37 |
65,000 | 49,738 | ||||||
4.540%, 08/15/47 |
146,000 | 100,498 | ||||||
Agriculture(Continued) | ||||||||
BAT International Finance PLC |
70,000 | 63,068 | ||||||
Bunge Ltd. Finance Corp. |
250,000 | 202,487 | ||||||
Viterra Finance BV |
200,000 | 161,025 | ||||||
|
|
|||||||
828,993 | ||||||||
|
|
|||||||
Airlines0.2% | ||||||||
Air Canada Pass-Through Trust |
520,800 | 442,815 | ||||||
3.750%, 12/15/27 (144A) |
397,470 | 363,732 | ||||||
American Airlines Pass-Through Trust |
278,800 | 250,767 | ||||||
3.600%, 09/22/27 |
128,941 | 118,781 | ||||||
British Airways Pass-Through Trust |
110,560 | 95,166 | ||||||
4.125%, 09/20/31 (144A) |
399,118 | 352,782 | ||||||
Continental Airlines Pass-Through Trust |
444,337 | 433,692 | ||||||
Delta Air Lines Pass-Through Trust |
84,690 | 78,959 | ||||||
United Airlines Pass-Through Trust |
330,765 | 302,911 | ||||||
3.700%, 03/01/30 |
53,168 | 45,543 | ||||||
4.150%, 04/11/24 |
294,531 | 290,535 | ||||||
4.150%, 08/25/31 |
163,566 | 148,219 | ||||||
|
|
|||||||
2,923,902 | ||||||||
|
|
|||||||
Auto Manufacturers0.1% | ||||||||
General Motors Financial Co., Inc. |
209,000 | 186,799 | ||||||
2.350%, 01/08/31 |
50,000 | 37,819 | ||||||
2.700%, 06/10/31 |
135,000 | 103,324 | ||||||
3.800%, 04/07/25 |
65,000 | 62,653 | ||||||
Hyundai Capital America |
50,000 | 45,022 | ||||||
1.500%, 06/15/26 (144A) |
35,000 | 31,086 | ||||||
1.800%, 10/15/25 (144A) |
250,000 | 229,878 | ||||||
1.800%, 01/10/28 (144A) |
100,000 | 83,778 | ||||||
2.375%, 10/15/27 (144A) |
70,000 | 60,601 | ||||||
5.650%, 06/26/26 (144A) |
749,000 | 742,621 | ||||||
Stellantis Finance U.S., Inc. |
200,000 | 173,994 | ||||||
|
|
|||||||
1,757,575 | ||||||||
|
|
|||||||
Auto Parts & Equipment0.0% | ||||||||
Lear Corp. |
45,000 | 33,976 | ||||||
|
|
|||||||
Banks1.9% | ||||||||
ABN AMRO Bank NV |
300,000 | 247,737 | ||||||
AIB Group PLC |
200,000 | 199,168 |
BHFTI-190
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Banks(Continued) | ||||||||
ANZ New Zealand International Ltd. |
200,000 | $ | 196,350 | |||||
Banco Santander SA |
200,000 | 188,355 | ||||||
5.588%, 08/08/28 |
600,000 | 586,944 | ||||||
Bank of America Corp. |
780,000 | 695,506 | ||||||
2.572%, SOFR + 1.210%, 10/20/32 (e) |
670,000 | 514,823 | ||||||
2.676%, SOFR + 1.930%, 06/19/41 (b) (e) |
130,000 | 83,249 | ||||||
2.687%, SOFR + 1.320%, 04/22/32 (e) |
240,000 | 188,626 | ||||||
2.972%, SOFR + 1.330%, 02/04/33 (e) |
105,000 | 82,798 | ||||||
3.705%, 3M TSFR + 1.774%, 04/24/28 (e) |
300,000 | 276,298 | ||||||
3.824%, 3M TSFR + 1.837%, 01/20/28 (e) |
300,000 | 278,592 | ||||||
4.376%, SOFR + 1.580%, 04/27/28 (e) |
145,000 | 136,917 | ||||||
5.080%, SOFR + 1.290%, 01/20/27 (e) |
187,000 | 182,784 | ||||||
5.202%, SOFR + 1.630%, 04/25/29 (e) |
360,000 | 346,789 | ||||||
5.288%, SOFR + 1.910%, 04/25/34 (b) (e) |
390,000 | 362,899 | ||||||
5.819%, SOFR + 1.570%, 09/15/29 (e) |
240,000 | 237,055 | ||||||
Bank of Ireland Group PLC |
200,000 | 175,215 | ||||||
6.253%, 1Y H15 + 2.650%, 09/16/26 (144A) (e) |
200,000 | 198,746 | ||||||
Bank of Montreal |
100,000 | 87,348 | ||||||
5.717%, 09/25/28 |
220,000 | 217,662 | ||||||
Bank of Nova Scotia |
225,000 | 211,881 | ||||||
Banque Federative du Credit Mutuel SA |
200,000 | 194,661 | ||||||
5.790%, 07/13/28 (144A) |
200,000 | 198,467 | ||||||
5.896%, 07/13/26 (144A) |
230,000 | 228,730 | ||||||
Barclays PLC |
200,000 | 197,822 | ||||||
6.224%, SOFR + 2.980%, 05/09/34 (e) |
230,000 | 217,877 | ||||||
BNP Paribas SA |
200,000 | 164,905 | ||||||
3.132%, SOFR + 1.561%, 01/20/33 (144A) (b) (e) |
270,000 | 212,135 | ||||||
BPCE SA |
500,000 | 372,426 | ||||||
5.975%, SOFR + 2.100%, 01/18/27 (144A) (e) |
250,000 | 247,298 | ||||||
CaixaBank SA |
210,000 | 209,907 | ||||||
Citigroup, Inc. |
365,000 | 277,692 | ||||||
2.561%, SOFR + 1.167%, 05/01/32 (e) |
240,000 | 185,783 | ||||||
3.057%, SOFR + 1.351%, 01/25/33 (e) |
71,000 | 56,128 | ||||||
3.668%, 3M TSFR + 1.652%, 07/24/28 (e) |
745,000 | 683,399 | ||||||
3.887%, 3M TSFR + 1.825%, 01/10/28 (b) (e) |
300,000 | 279,657 | ||||||
4.400%, 06/10/25 |
120,000 | 116,440 | ||||||
Cooperatieve Rabobank UA |
315,000 | 293,313 | ||||||
Credit Agricole SA |
250,000 | 223,294 | ||||||
6.316%, SOFR + 1.860%, 10/03/29 (144A) (e) |
280,000 | 280,032 | ||||||
Credit Suisse AG |
750,000 | 655,471 | ||||||
7.950%, 01/09/25 |
250,000 | 254,421 | ||||||
Banks(Continued) | ||||||||
Deutsche Bank AG |
150,000 | 135,653 | ||||||
6.720%, SOFR + 3.180%, 01/18/29 (e) |
150,000 | 149,109 | ||||||
Federation des Caisses Desjardins du Quebec |
200,000 | 193,566 | ||||||
5.700%, 03/14/28 (144A) (b) |
200,000 | 197,423 | ||||||
Goldman Sachs Group, Inc. |
1,050,000 | 927,101 | ||||||
2.383%, SOFR + 1.248%, 07/21/32 (e) |
400,000 | 304,635 | ||||||
2.640%, SOFR + 1.114%, 02/24/28 (e) |
124,000 | 110,571 | ||||||
3.272%, 3M TSFR + 1.463%, 09/29/25 (e) |
350,000 | 339,148 | ||||||
4.411%, 3M TSFR + 1.692%, 04/23/39 (e) |
140,000 | 115,229 | ||||||
HSBC Holdings PLC |
200,000 | 164,846 | ||||||
2.357%, SOFR + 1.947%, 08/18/31 (e) |
200,000 | 153,621 | ||||||
4.292%, 3M TSFR + 1.609%, 09/12/26 (e) |
250,000 | 240,195 | ||||||
5.210%, SOFR + 2.610%, 08/11/28 (e) |
310,000 | 298,458 | ||||||
6.500%, 09/15/37 (b) |
100,000 | 97,644 | ||||||
7.390%, SOFR + 3.350%, 11/03/28 (e) |
200,000 | 206,908 | ||||||
Huntington National Bank |
267,000 | 251,605 | ||||||
ING Groep NV |
245,000 | 243,911 | ||||||
Lloyds Banking Group PLC |
200,000 | 177,386 | ||||||
4.375%, 03/22/28 (b) |
283,000 | 263,768 | ||||||
5.871%, 1Y H15 + 1.700%, 03/06/29 (b) (e) |
210,000 | 205,337 | ||||||
Macquarie Group Ltd. |
60,000 | 53,677 | ||||||
Mitsubishi UFJ Financial Group, Inc. |
270,000 | 239,147 | ||||||
3.751%, 07/18/39 (b) |
250,000 | 195,244 | ||||||
5.441%, 1Y H15 + 1.630%, 02/22/34 (b) (e) |
200,000 | 190,747 | ||||||
Mizuho Financial Group, Inc. |
200,000 | 176,495 | ||||||
2.869%, 3M TSFR + 1.572%, 09/13/30 (e) |
200,000 | 166,666 | ||||||
5.739%, 1Y H15 + 1.650%, 05/27/31 (e) |
230,000 | 223,346 | ||||||
Morgan Stanley |
440,000 | 325,841 | ||||||
3.591%, 07/22/28 |
1,000,000 | 912,380 | ||||||
4.300%, 01/27/45 |
70,000 | 55,307 | ||||||
5.164%, SOFR + 1.590%, 04/20/29 (e) |
295,000 | 283,806 | ||||||
National Australia Bank Ltd. |
390,000 | 333,235 | ||||||
NatWest Group PLC |
200,000 | 190,429 | ||||||
4.269%, 3M LIBOR + 1.762%, 03/22/25 (e) |
200,000 | 197,858 | ||||||
4.892%, 3M LIBOR + 1.754%, 05/18/29 (e) |
200,000 | 187,059 | ||||||
6.016%, 1Y H15 + 2.100%, 03/02/34 (e) |
200,000 | 191,945 | ||||||
7.472%, 1Y H15 + 2.850%, 11/10/26 (e) |
200,000 | 204,022 | ||||||
Nordea Bank Abp |
200,000 | 195,303 | ||||||
Northern Trust Corp. |
100,000 | 88,227 | ||||||
PNC Financial Services Group, Inc. |
209,000 | 189,532 |
BHFTI-191
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Banks(Continued) | ||||||||
Santander U.K. Group Holdings PLC |
200,000 | $ | 174,940 | |||||
6.534%, SOFR + 2.600%, 01/10/29 (e) |
300,000 | 297,223 | ||||||
6.833%, SOFR + 2.749%, 11/21/26 (e) |
400,000 | 402,240 | ||||||
Societe Generale SA |
200,000 | 178,553 | ||||||
4.250%, 04/14/25 (144A) |
350,000 | 336,139 | ||||||
6.446%, 1Y H15 + 2.550%, 01/10/29 (144A) (e) |
200,000 | 197,689 | ||||||
6.447%, 1Y H15 + 2.300%, 01/12/27 (144A) (b) (e) |
200,000 | 199,951 | ||||||
State Street Corp. |
120,000 | 109,415 | ||||||
Sumitomo Mitsui Financial Group, Inc. |
330,000 | 325,494 | ||||||
5.710%, 01/13/30 |
330,000 | 322,878 | ||||||
Swedbank AB |
215,000 | 214,122 | ||||||
Toronto-Dominion Bank |
150,000 | 146,399 | ||||||
5.523%, 07/17/28 |
60,000 | 59,222 | ||||||
5.532%, 07/17/26 (b) |
160,000 | 158,834 | ||||||
Truist Financial Corp. |
110,000 | 98,334 | ||||||
6.047%, SOFR + 2.050%, 06/08/27 (e) |
135,000 | 133,532 | ||||||
UBS Group AG |
250,000 | 221,702 | ||||||
4.282%, 01/09/28 (144A) |
380,000 | 349,384 | ||||||
UniCredit SpA |
200,000 | 176,674 | ||||||
Wells Fargo & Co. |
115,000 | 85,107 | ||||||
5.557%, SOFR + 1.990%, 07/25/34 (e) |
180,000 | 170,439 | ||||||
5.574%, SOFR + 1.740%, 07/25/29 (e) |
530,000 | 517,064 | ||||||
Westpac Banking Corp. |
593,000 | 364,418 | ||||||
4.322%, 5Y USD ICE Swap + 2.236%, 11/23/31 (e) |
100,000 | 92,624 | ||||||
Westpac New Zealand Ltd. |
320,000 | 308,748 | ||||||
|
|
|||||||
26,263,105 | ||||||||
|
|
|||||||
Beverages0.1% | ||||||||
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. |
425,000 | 389,528 | ||||||
Anheuser-Busch InBev Worldwide, Inc. |
235,000 | 193,503 | ||||||
Constellation Brands, Inc. |
60,000 | 55,583 | ||||||
5.250%, 11/15/48 |
25,000 | 22,158 | ||||||
Keurig Dr Pepper, Inc. |
75,000 | 69,682 | ||||||
Molson Coors Beverage Co. |
56,000 | 42,115 | ||||||
|
|
|||||||
772,569 | ||||||||
|
|
|||||||
Biotechnology0.1% | ||||||||
Amgen, Inc. |
200,000 | 160,278 | ||||||
5.250%, 03/02/33 |
210,000 | 200,751 | ||||||
Biotechnology(Continued) | ||||||||
Gilead Sciences, Inc. |
150,000 | 99,011 | ||||||
Regeneron Pharmaceuticals, Inc. |
250,000 | 192,362 | ||||||
Royalty Pharma PLC |
54,000 | 49,073 | ||||||
2.150%, 09/02/31 |
80,000 | 59,866 | ||||||
|
|
|||||||
761,341 | ||||||||
|
|
|||||||
Building Materials0.0% | ||||||||
Martin Marietta Materials, Inc. |
50,000 | 31,240 | ||||||
3.450%, 06/01/27 |
100,000 | 92,818 | ||||||
Masco Corp. |
50,000 | 38,278 | ||||||
6.500%, 08/15/32 |
150,000 | 151,103 | ||||||
Trane Technologies Financing Ltd. |
100,000 | 96,685 | ||||||
|
|
|||||||
410,124 | ||||||||
|
|
|||||||
Chemicals0.1% | ||||||||
Celanese U.S. Holdings LLC |
38,000 | 37,863 | ||||||
CF Industries, Inc. |
190,000 | 154,078 | ||||||
DuPont de Nemours, Inc. |
120,000 | 112,248 | ||||||
Eastman Chemical Co. |
150,000 | 141,089 | ||||||
EIDP, Inc. |
196,000 | 190,909 | ||||||
4.800%, 05/15/33 |
205,000 | 191,101 | ||||||
Nutrien Ltd. |
50,000 | 46,309 | ||||||
5.000%, 04/01/49 |
75,000 | 61,633 | ||||||
|
|
|||||||
935,230 | ||||||||
|
|
|||||||
Commercial Services0.1% | ||||||||
Ford Foundation |
55,000 | 30,220 | ||||||
Global Payments, Inc. |
42,000 | 34,433 | ||||||
2.900%, 11/15/31 (b) |
83,000 | 65,111 | ||||||
3.200%, 08/15/29 |
99,000 | 84,191 | ||||||
5.300%, 08/15/29 |
57,000 | 54,358 | ||||||
Pepperdine University |
100,000 | 60,603 | ||||||
Quanta Services, Inc. |
115,000 | 86,295 | ||||||
2.900%, 10/01/30 |
180,000 | 146,815 | ||||||
S&P Global, Inc. |
81,000 | 66,665 | ||||||
Triton Container International Ltd. |
115,000 | 110,668 | ||||||
University of Southern California |
100,000 | 54,912 |
BHFTI-192
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Commercial Services(Continued) | ||||||||
Verisk Analytics, Inc. |
140,000 | $ | 139,215 | |||||
|
|
|||||||
933,486 | ||||||||
|
|
|||||||
Computers0.0% | ||||||||
CGI, Inc. |
156,000 | 117,090 | ||||||
Dell International LLC/EMC Corp. |
252,000 | 248,153 | ||||||
6.020%, 06/15/26 |
73,000 | 73,285 | ||||||
Leidos, Inc. |
55,000 | 42,297 | ||||||
5.750%, 03/15/33 |
90,000 | 86,252 | ||||||
|
|
|||||||
567,077 | ||||||||
|
|
|||||||
Cosmetics/Personal Care0.0% | ||||||||
Haleon U.S. Capital LLC |
250,000 | 224,189 | ||||||
|
|
|||||||
Diversified Financial Services0.3% | ||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust |
551,000 | 497,261 | ||||||
4.450%, 04/03/26 |
150,000 | 144,007 | ||||||
6.100%, 01/15/27 |
230,000 | 228,874 | ||||||
6.500%, 07/15/25 |
837,000 | 837,965 | ||||||
Air Lease Corp. |
50,000 | 46,553 | ||||||
3.250%, 10/01/29 |
150,000 | 127,615 | ||||||
3.375%, 07/01/25 |
261,000 | 247,949 | ||||||
Aviation Capital Group LLC |
80,000 | 76,104 | ||||||
Avolon Holdings Funding Ltd. |
70,000 | 62,705 | ||||||
2.528%, 11/18/27 (144A) |
382,000 | 322,466 | ||||||
2.875%, 02/15/25 (144A) |
164,000 | 154,832 | ||||||
4.250%, 04/15/26 (144A) |
105,000 | 98,689 | ||||||
4.375%, 05/01/26 (144A) |
145,000 | 136,146 | ||||||
5.500%, 01/15/26 (144A) |
185,000 | 179,096 | ||||||
Brookfield Finance, Inc. |
137,000 | 129,671 | ||||||
GTP Acquisition Partners I LLC |
325,000 | 310,971 | ||||||
Mitsubishi HC Capital, Inc. |
200,000 | 197,718 | ||||||
Nasdaq, Inc. |
75,000 | 71,584 | ||||||
Nomura Holdings, Inc. |
375,000 | 357,738 | ||||||
Nuveen LLC |
100,000 | 92,682 | ||||||
Park Aerospace Holdings Ltd. |
10,000 | 9,950 | ||||||
|
|
|||||||
4,330,576 | ||||||||
|
|
|||||||
Electric0.7% | ||||||||
AEP Transmission Co. LLC |
30,000 | 19,239 | ||||||
Alexander Funding Trust |
200,000 | 198,678 | ||||||
Ameren Illinois Co. |
225,000 | 185,433 | ||||||
Arizona Public Service Co. |
50,000 | 37,918 | ||||||
Baltimore Gas & Electric Co. |
205,000 | 132,025 | ||||||
5.400%, 06/01/53 |
235,000 | 215,959 | ||||||
Cleveland Electric Illuminating Co. |
60,000 | 54,599 | ||||||
Consolidated Edison Co. of New York, Inc. |
150,000 | 121,482 | ||||||
6.150%, 11/15/52 |
150,000 | 150,964 | ||||||
Constellation Energy Generation LLC |
120,000 | 108,269 | ||||||
5.800%, 03/01/33 |
171,000 | 166,731 | ||||||
6.500%, 10/01/53 |
180,000 | 180,420 | ||||||
Consumers Energy Co. |
220,000 | 204,797 | ||||||
DTE Electric Co. |
215,000 | 200,959 | ||||||
DTE Energy Co. |
200,000 | 193,288 | ||||||
Duke Energy Corp. |
150,000 | 134,934 | ||||||
6.100%, 09/15/53 |
210,000 | 203,661 | ||||||
Duke Energy Florida LLC |
190,000 | 186,610 | ||||||
Duke Energy Progress LLC |
315,000 | 185,762 | ||||||
3.700%, 10/15/46 |
120,000 | 83,260 | ||||||
Duquesne Light Holdings, Inc. |
150,000 | 134,312 | ||||||
Edison International |
55,000 | 54,491 | ||||||
Emera U.S. Finance LP |
110,000 | 81,150 | ||||||
Entergy Louisiana LLC |
145,000 | 85,287 | ||||||
Entergy Mississippi LLC |
120,000 | 86,127 | ||||||
5.000%, 09/01/33 |
280,000 | 263,135 | ||||||
Evergy Missouri West, Inc. |
223,000 | 216,993 | ||||||
Evergy, Inc. |
235,000 | 200,714 | ||||||
Eversource Energy |
209,000 | 201,016 | ||||||
5.125%, 05/15/33 |
190,000 | 176,723 | ||||||
Fells Point Funding Trust |
245,000 | 222,162 | ||||||
Florida Power & Light Co. |
120,000 | 111,352 |
BHFTI-193
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Electric(Continued) | ||||||||
ITC Holdings Corp. |
170,000 | $ | 140,998 | |||||
4.950%, 09/22/27 (144A) |
385,000 | 375,107 | ||||||
Jersey Central Power & Light Co. |
115,000 | 110,811 | ||||||
6.150%, 06/01/37 |
100,000 | 98,121 | ||||||
MidAmerican Energy Co. |
100,000 | 98,587 | ||||||
NextEra Energy Capital Holdings, Inc. |
365,000 | 341,104 | ||||||
Northern States Power Co. |
280,000 | 250,521 | ||||||
NRG Energy, Inc. |
90,000 | 81,444 | ||||||
2.450%, 12/02/27 (144A) |
100,000 | 84,767 | ||||||
4.450%, 06/15/29 (144A) |
100,000 | 86,724 | ||||||
Ohio Power Co. |
210,000 | 197,038 | ||||||
Pacific Gas & Electric Co. |
265,000 | 244,074 | ||||||
3.450%, 07/01/25 |
90,000 | 85,377 | ||||||
3.750%, 08/15/42 |
37,000 | 23,735 | ||||||
4.300%, 03/15/45 |
60,000 | 40,602 | ||||||
6.400%, 06/15/33 (b) |
235,000 | 226,501 | ||||||
PacifiCorp |
11,000 | 9,329 | ||||||
PG&E Recovery Funding LLC |
135,000 | 127,123 | ||||||
PG&E Wildfire Recovery Funding LLC |
65,000 | 58,711 | ||||||
5.099%, 06/01/52 |
165,000 | 147,819 | ||||||
5.212%, 12/01/47 |
85,000 | 77,428 | ||||||
PPL Electric Utilities Corp. |
130,000 | 118,717 | ||||||
Public Service Co. of Oklahoma |
155,000 | 93,519 | ||||||
5.250%, 01/15/33 |
190,000 | 180,559 | ||||||
6.625%, 11/15/37 |
100,000 | 100,974 | ||||||
Puget Energy, Inc. |
60,000 | 51,325 | ||||||
San Diego Gas & Electric Co. |
230,000 | 139,274 | ||||||
SCE Recovery Funding LLC |
160,000 | 148,937 | ||||||
5.112%, 12/15/47 |
65,000 | 58,759 | ||||||
Sigeco Securitization I LLC |
150,000 | 143,096 | ||||||
Southern California Edison Co. |
150,000 | 112,260 | ||||||
5.700%, 03/01/53 |
65,000 | 59,719 | ||||||
5.850%, 11/01/27 |
229,000 | 230,229 | ||||||
5.875%, 12/01/53 |
176,000 | 165,402 | ||||||
Southern Co. |
110,000 | 107,728 | ||||||
Southern Power Co. |
100,000 | 85,740 | ||||||
Electric(Continued) | ||||||||
Southwestern Electric Power Co. |
40,000 | 27,776 | ||||||
Tucson Electric Power Co. |
150,000 | 121,840 | ||||||
5.500%, 04/15/53 |
235,000 | 213,446 | ||||||
Union Electric Co. |
140,000 | 129,130 | ||||||
|
|
|||||||
9,992,801 | ||||||||
|
|
|||||||
Electronics0.0% | ||||||||
Arrow Electronics, Inc. |
80,000 | 72,952 | ||||||
|
|
|||||||
Food0.1% | ||||||||
Campbell Soup Co. |
28,000 | 17,032 | ||||||
JBS USA LUX SA/JBS USA Food Co./JBS Luxembourg Sarl |
230,000 | 223,788 | ||||||
Kellogg Co. |
161,000 | 153,840 | ||||||
Kraft Heinz Foods Co. |
64,000 | 49,871 | ||||||
4.625%, 10/01/39 |
85,000 | 71,796 | ||||||
Kroger Co. |
120,000 | 93,930 | ||||||
Smithfield Foods, Inc. |
200,000 | 152,882 | ||||||
5.200%, 04/01/29 (144A) |
150,000 | 137,006 | ||||||
|
|
|||||||
900,145 | ||||||||
|
|
|||||||
Gas0.1% | ||||||||
APA Infrastructure Ltd. |
100,000 | 97,255 | ||||||
4.250%, 07/15/27 (144A) |
70,000 | 66,020 | ||||||
Atmos Energy Corp. |
145,000 | 111,632 | ||||||
Brooklyn Union Gas Co. |
170,000 | 151,106 | ||||||
NiSource, Inc. |
100,000 | 74,785 | ||||||
ONE Gas, Inc. |
142,000 | 109,037 | ||||||
Southern California Gas Co. |
225,000 | 229,990 | ||||||
Southern Co. Gas Capital Corp. |
185,000 | 129,116 | ||||||
|
|
|||||||
968,941 | ||||||||
|
|
|||||||
Healthcare-Products0.0% | ||||||||
Boston Scientific Corp. |
60,000 | 51,617 | ||||||
DH Europe Finance II Sarl |
115,000 | 86,323 | ||||||
|
|
|||||||
137,940 | ||||||||
|
|
BHFTI-194
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Healthcare-Services0.1% | ||||||||
AHS Hospital Corp. |
110,000 | $ | 98,162 | |||||
Childrens Hospital Corp. |
100,000 | 58,776 | ||||||
CommonSpirit Health |
65,000 | 59,622 | ||||||
2.782%, 10/01/30 |
70,000 | 57,618 | ||||||
3.910%, 10/01/50 |
65,000 | 46,099 | ||||||
Cottage Health Obligated Group |
110,000 | 72,696 | ||||||
Elevance Health, Inc. |
140,000 | 131,896 | ||||||
Hartford HealthCare Corp. |
240,000 | 155,010 | ||||||
HCA, Inc. |
21,000 | 13,114 | ||||||
5.125%, 06/15/39 |
110,000 | 95,287 | ||||||
5.250%, 06/15/26 |
335,000 | 327,961 | ||||||
5.500%, 06/01/33 |
330,000 | 312,089 | ||||||
5.500%, 06/15/47 |
85,000 | 72,553 | ||||||
MyMichigan Health |
40,000 | 25,654 | ||||||
NYU Langone Hospitals |
90,000 | 57,198 | ||||||
Piedmont Healthcare, Inc. |
95,000 | 55,548 | ||||||
UnitedHealth Group, Inc. |
90,000 | 90,320 | ||||||
Yale-New Haven Health Services Corp. |
110,000 | 59,004 | ||||||
|
|
|||||||
1,788,607 | ||||||||
|
|
|||||||
Home Builders0.0% | ||||||||
MDC Holdings, Inc. |
146,000 | 109,024 | ||||||
|
|
|||||||
Insurance0.1% | ||||||||
Athene Global Funding |
65,000 | 57,927 | ||||||
2.500%, 01/14/25 (144A) |
16,000 | 15,121 | ||||||
2.950%, 11/12/26 (144A) |
370,000 | 332,059 | ||||||
Berkshire Hathaway Finance Corp. |
85,000 | 63,402 | ||||||
Corebridge Financial, Inc. |
55,000 | 49,406 | ||||||
F&G Global Funding |
80,000 | 70,629 | ||||||
Hanover Insurance Group, Inc. |
70,000 | 53,653 | ||||||
Hartford Financial Services Group, Inc. |
25,000 | 19,305 | ||||||
6.100%, 10/01/41 |
25,000 | 24,247 | ||||||
Mutual of Omaha Cos Global Funding |
150,000 | 148,526 | ||||||
New York Life Insurance Co. |
75,000 | 55,073 | ||||||
Insurance(Continued) | ||||||||
Northwestern Mutual Global Funding |
85,000 | 71,813 | ||||||
Pacific Life Insurance Co. |
97,000 | 68,094 | ||||||
Prudential Insurance Co. of America |
250,000 | 256,043 | ||||||
Teachers Insurance & Annuity Association of America |
100,000 | 76,205 | ||||||
|
|
|||||||
1,361,503 | ||||||||
|
|
|||||||
Internet0.0% | ||||||||
Amazon.com, Inc. |
280,000 | 216,425 | ||||||
Meta Platforms, Inc. |
205,000 | 194,024 | ||||||
|
|
|||||||
410,449 | ||||||||
|
|
|||||||
Machinery-Diversified0.0% | ||||||||
Otis Worldwide Corp. |
235,000 | 194,832 | ||||||
|
|
|||||||
Media0.1% | ||||||||
Charter Communications Operating LLC/Charter Communications Operating Capital |
105,000 | 64,887 | ||||||
3.700%, 04/01/51 |
285,000 | 165,839 | ||||||
4.800%, 03/01/50 |
240,000 | 167,824 | ||||||
Comcast Corp. |
439,000 | 258,720 | ||||||
2.937%, 11/01/56 |
58,000 | 32,963 | ||||||
2.987%, 11/01/63 |
22,000 | 12,167 | ||||||
3.250%, 11/01/39 |
115,000 | 84,011 | ||||||
3.450%, 02/01/50 |
190,000 | 128,464 | ||||||
5.350%, 05/15/53 (b) |
200,000 | 182,360 | ||||||
Discovery Communications LLC |
215,000 | 163,001 | ||||||
Time Warner Cable LLC |
50,000 | 45,351 | ||||||
6.750%, 06/15/39 |
265,000 | 242,572 | ||||||
|
|
|||||||
1,548,159 | ||||||||
|
|
|||||||
Metal Fabricate/Hardware0.0% | ||||||||
Precision Castparts Corp. |
60,000 | 51,433 | ||||||
|
|
|||||||
Mining0.0% | ||||||||
BHP Billiton Finance USA Ltd. |
280,000 | 273,471 | ||||||
Glencore Funding LLC |
200,000 | 158,088 | ||||||
5.400%, 05/08/28 (144A) |
210,000 | 204,704 | ||||||
|
|
|||||||
636,263 | ||||||||
|
|
BHFTI-195
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Miscellaneous Manufacturing0.0% | ||||||||
Eaton Corp. |
100,000 | $ | 97,584 | |||||
|
|
|||||||
Oil & Gas0.1% | ||||||||
BP Capital Markets America, Inc. |
505,000 | 308,332 | ||||||
4.812%, 02/13/33 (b) |
180,000 | 168,458 | ||||||
Eni USA, Inc. |
100,000 | 106,054 | ||||||
Exxon Mobil Corp. |
140,000 | 102,110 | ||||||
3.095%, 08/16/49 |
175,000 | 115,826 | ||||||
HF Sinclair Corp. |
120,000 | 120,000 | ||||||
5.875%, 04/01/26 |
56,000 | 55,828 | ||||||
Phillips 66 Co. |
40,000 | 34,600 | ||||||
4.900%, 10/01/46 |
100,000 | 82,971 | ||||||
Pioneer Natural Resources Co. |
150,000 | 117,683 | ||||||
TotalEnergies Capital International SA |
200,000 | 139,386 | ||||||
3.127%, 05/29/50 |
95,000 | 61,918 | ||||||
3.461%, 07/12/49 |
55,000 | 38,225 | ||||||
|
|
|||||||
1,451,391 | ||||||||
|
|
|||||||
Oil & Gas Services0.0% | ||||||||
Baker Hughes Holdings LLC/Baker Hughes Co.-Obligor, Inc. |
170,000 | 147,585 | ||||||
Schlumberger Holdings Corp. |
80,000 | 74,310 | ||||||
|
|
|||||||
221,895 | ||||||||
|
|
|||||||
Packaging & Containers0.0% | ||||||||
Graphic Packaging International LLC |
115,000 | 102,446 | ||||||
Packaging Corp. of America |
135,000 | 98,123 | ||||||
|
|
|||||||
200,569 | ||||||||
|
|
|||||||
Pharmaceuticals0.2% | ||||||||
AbbVie, Inc. |
300,000 | 245,437 | ||||||
4.400%, 11/06/42 |
205,000 | 170,450 | ||||||
4.450%, 05/14/46 |
45,000 | 36,763 | ||||||
4.550%, 03/15/35 |
60,000 | 54,575 | ||||||
4.625%, 10/01/42 |
90,000 | 75,800 | ||||||
AstraZeneca PLC |
50,000 | 54,016 | ||||||
Bristol-Myers Squibb Co. |
105,000 | 87,564 | ||||||
4.550%, 02/20/48 |
150,000 | 125,180 | ||||||
CVS Health Corp. | ||||||||
4.300%, 03/25/28 (b) |
66,000 | 62,463 | ||||||
5.050%, 03/25/48 |
175,000 | 145,398 | ||||||
5.300%, 12/05/43 |
200,000 | 174,523 | ||||||
Pharmaceuticals(Continued) | ||||||||
CVS Pass-Through Trust |
238,885 | 214,442 | ||||||
5.880%, 01/10/28 |
218,002 | 211,945 | ||||||
8.353%, 07/10/31 (144A) |
112,302 | 119,365 | ||||||
Merck & Co., Inc. |
135,000 | 122,777 | ||||||
5.150%, 05/17/63 |
105,000 | 95,757 | ||||||
Pfizer Investment Enterprises Pte. Ltd. |
145,000 | 137,065 | ||||||
5.300%, 05/19/53 (b) |
315,000 | 292,683 | ||||||
Takeda Pharmaceutical Co. Ltd. |
515,000 | 357,574 | ||||||
3.175%, 07/09/50 |
200,000 | 126,560 | ||||||
Zoetis, Inc. |
140,000 | 112,066 | ||||||
|
|
|||||||
3,022,403 | ||||||||
|
|
|||||||
Pipelines0.2% | ||||||||
Cameron LNG LLC |
163,000 | 125,329 | ||||||
DT Midstream, Inc. |
160,000 | 135,968 | ||||||
Enbridge, Inc. |
150,000 | 143,700 | ||||||
Energy Transfer LP |
90,000 | 81,513 | ||||||
4.400%, 03/15/27 (b) |
70,000 | 66,346 | ||||||
4.750%, 01/15/26 |
46,000 | 44,760 | ||||||
4.950%, 05/15/28 |
80,000 | 76,536 | ||||||
4.950%, 01/15/43 |
150,000 | 116,416 | ||||||
5.500%, 06/01/27 |
36,000 | 35,435 | ||||||
6.250%, 04/15/49 (b) |
70,000 | 64,227 | ||||||
Flex Intermediate Holdco LLC |
140,000 | 108,814 | ||||||
4.317%, 12/30/39 (144A) |
60,000 | 41,214 | ||||||
Gray Oak Pipeline LLC |
500,000 | 442,965 | ||||||
Kinder Morgan Energy Partners LP |
170,000 | 137,454 | ||||||
Kinder Morgan, Inc. |
80,000 | 63,985 | ||||||
5.200%, 06/01/33 |
200,000 | 184,985 | ||||||
ONEOK Partners LP |
140,000 | 138,958 | ||||||
Plains All American Pipeline LP/PAA Finance Corp. |
113,000 | 112,802 | ||||||
Sabine Pass Liquefaction LLC |
185,000 | 169,656 | ||||||
Southern Natural Gas Co. LLC |
102,000 | 78,139 | ||||||
8.000%, 03/01/32 |
70,000 | 76,889 | ||||||
TransCanada PipeLines Ltd. |
130,000 | 127,330 | ||||||
Williams Cos., Inc. |
100,000 | 79,645 | ||||||
5.650%, 03/15/33 |
115,000 | 111,124 | ||||||
|
|
|||||||
2,764,190 | ||||||||
|
|
BHFTI-196
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Real Estate0.0% | ||||||||
Ontario Teachers Cadillac Fairview Properties Trust |
243,000 | $ | 223,327 | |||||
|
|
|||||||
Real Estate Investment Trusts0.3% | ||||||||
Alexandria Real Estate Equities, Inc. |
23,000 | 21,934 | ||||||
4.000%, 02/01/50 |
111,000 | 77,425 | ||||||
American Tower Corp. |
150,000 | 124,317 | ||||||
1.875%, 10/15/30 |
130,000 | 98,374 | ||||||
2.950%, 01/15/51 |
39,000 | 21,992 | ||||||
3.100%, 06/15/50 |
61,000 | 35,568 | ||||||
3.700%, 10/15/49 |
210,000 | 137,239 | ||||||
American Tower Trust |
160,000 | 146,329 | ||||||
Brixmor Operating Partnership LP |
80,000 | 67,367 | ||||||
2.500%, 08/16/31 |
45,000 | 34,024 | ||||||
3.850%, 02/01/25 |
60,000 | 57,802 | ||||||
Corporate Office Properties LP |
132,000 | 99,073 | ||||||
Crown Castle, Inc. |
100,000 | 96,828 | ||||||
Equinix, Inc. |
135,000 | 123,923 | ||||||
ERP Operating LP |
120,000 | 112,564 | ||||||
Essex Portfolio LP |
120,000 | 92,355 | ||||||
Extra Space Storage LP |
55,000 | 42,106 | ||||||
4.000%, 06/15/29 |
137,000 | 122,871 | ||||||
Goodman U.S. Finance Three LLC |
110,000 | 98,614 | ||||||
Healthcare Realty Holdings LP |
80,000 | 59,957 | ||||||
3.100%, 02/15/30 |
200,000 | 166,529 | ||||||
Healthpeak OP LLC |
142,000 | 119,271 | ||||||
3.000%, 01/15/30 (b) |
110,000 | 92,936 | ||||||
3.500%, 07/15/29 |
118,000 | 104,086 | ||||||
NNN REIT, Inc. |
100,000 | 95,697 | ||||||
5.600%, 10/15/33 |
100,000 | 94,223 | ||||||
Physicians Realty LP |
55,000 | 41,424 | ||||||
Public Storage Operating Co. |
55,000 | 43,015 | ||||||
Realty Income Corp. |
170,000 | 160,216 | ||||||
Regency Centers LP |
195,000 | 165,964 | ||||||
Sabra Health Care LP |
90,000 | 67,344 | ||||||
Safehold GL Holdings LLC |
167,000 | 122,672 | ||||||
Real Estate Investment Trusts(Continued) | ||||||||
SITE Centers Corp. |
60,000 | 55,546 | ||||||
UDR, Inc. |
40,000 | 32,485 | ||||||
3.500%, 01/15/28 |
100,000 | 90,285 | ||||||
Ventas Realty LP |
88,000 | 67,179 | ||||||
Welltower OP LLC |
90,000 | 76,191 | ||||||
WP Carey, Inc. |
135,000 | 96,307 | ||||||
2.450%, 02/01/32 |
70,000 | 52,762 | ||||||
|
|
|||||||
3,414,794 | ||||||||
|
|
|||||||
Retail0.1% | ||||||||
7-Eleven, Inc. |
60,000 | 45,492 | ||||||
2.500%, 02/10/41 (144A) |
196,000 | 119,897 | ||||||
Alimentation Couche-Tard, Inc. |
20,000 | 13,303 | ||||||
3.625%, 05/13/51 (144A) |
25,000 | 15,466 | ||||||
3.800%, 01/25/50 (144A) |
135,000 | 87,660 | ||||||
AutoZone, Inc. |
180,000 | 135,337 | ||||||
Home Depot, Inc. |
126,000 | 112,693 | ||||||
Lowes Cos., Inc. |
105,000 | 62,008 | ||||||
4.250%, 04/01/52 |
100,000 | 73,769 | ||||||
McDonalds Corp. |
90,000 | 93,748 | ||||||
Starbucks Corp. |
250,000 | 235,238 | ||||||
|
|
|||||||
994,611 | ||||||||
|
|
|||||||
Semiconductors0.1% | ||||||||
Analog Devices, Inc. |
96,000 | 64,083 | ||||||
Broadcom, Inc. |
265,000 | 225,912 | ||||||
3.137%, 11/15/35 (144A) |
270,000 | 196,852 | ||||||
3.187%, 11/15/36 (144A) |
120,000 | 86,159 | ||||||
Intel Corp. |
65,000 | 61,984 | ||||||
5.700%, 02/10/53 (b) |
105,000 | 98,464 | ||||||
KLA Corp. |
100,000 | 66,455 | ||||||
Marvell Technology, Inc. |
70,000 | 56,631 | ||||||
NXP BV/NXP Funding LLC/NXP USA, Inc. |
145,000 | 113,217 | ||||||
3.250%, 05/11/41 |
150,000 | 100,919 | ||||||
5.000%, 01/15/33 |
200,000 | 184,009 | ||||||
QUALCOMM, Inc. |
100,000 | 82,001 |
BHFTI-197
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Semiconductors(Continued) | ||||||||
Texas Instruments, Inc. |
167,000 | $ | 148,017 | |||||
|
|
|||||||
1,484,703 | ||||||||
|
|
|||||||
Software0.1% | ||||||||
Fiserv, Inc. |
60,000 | 45,962 | ||||||
Oracle Corp. |
300,000 | 216,763 | ||||||
4.900%, 02/06/33 |
180,000 | 165,912 | ||||||
5.550%, 02/06/53 |
130,000 | 113,901 | ||||||
Roper Technologies, Inc. |
240,000 | 189,783 | ||||||
VMware, Inc. |
172,000 | 151,722 | ||||||
4.650%, 05/15/27 |
55,000 | 53,041 | ||||||
|
|
|||||||
937,084 | ||||||||
|
|
|||||||
Telecommunications0.2% | ||||||||
AT&T, Inc. |
50,000 | 42,200 | ||||||
2.250%, 02/01/32 |
505,000 | 380,078 | ||||||
2.300%, 06/01/27 (b) |
210,000 | 185,944 | ||||||
2.750%, 06/01/31 (b) |
155,000 | 124,000 | ||||||
3.500%, 06/01/41 (b) |
115,000 | 79,894 | ||||||
3.550%, 09/15/55 |
173,000 | 105,903 | ||||||
5.400%, 02/15/34 |
120,000 | 112,308 | ||||||
Corning, Inc. |
252,000 | 179,821 | ||||||
Crown Castle Towers LLC |
225,000 | 214,510 | ||||||
Rogers Communications, Inc. |
75,000 | 54,707 | ||||||
Sprint Capital Corp. |
90,000 | 92,925 | ||||||
Sprint LLC |
62,000 | 63,719 | ||||||
T-Mobile USA, Inc. |
190,000 | 168,334 | ||||||
5.050%, 07/15/33 |
415,000 | 385,041 | ||||||
Telefonica Emisiones SA |
150,000 | 120,562 | ||||||
Verizon Communications, Inc. |
140,000 | 120,252 | ||||||
2.650%, 11/20/40 |
119,000 | 75,329 | ||||||
4.125%, 03/16/27 |
56,000 | 53,259 | ||||||
5.050%, 05/09/33 |
315,000 | 294,271 | ||||||
Vodafone Group PLC |
160,000 | 161,936 | ||||||
|
|
|||||||
3,014,993 | ||||||||
|
|
|||||||
Toys/Games/Hobbies0.0% | ||||||||
Hasbro, Inc. |
149,000 | 131,808 | ||||||
|
|
|||||||
Transportation0.1% | ||||||||
Burlington Northern Santa Fe LLC |
69,000 | 49,034 | ||||||
Canadian Pacific Railway Co. |
80,000 | 66,219 | ||||||
5.750%, 03/15/33 |
120,000 | 117,918 | ||||||
CSX Corp. |
95,000 | 80,329 | ||||||
6.150%, 05/01/37 |
60,000 | 61,565 | ||||||
Norfolk Southern Corp. |
150,000 | 93,049 | ||||||
Union Pacific Corp. |
70,000 | 50,732 | ||||||
4.950%, 05/15/53 (b) |
145,000 | 129,771 | ||||||
|
|
|||||||
648,617 | ||||||||
|
|
|||||||
Trucking & Leasing0.0% | ||||||||
Penske Truck Leasing Co. LP/PTL Finance Corp. |
200,000 | 197,491 | ||||||
|
|
|||||||
Total Corporate Bonds & Notes |
79,977,496 | |||||||
|
|
|||||||
Mutual Funds4.2% |
| |||||||
Investment Company Securities4.2% | ||||||||
SPDR Bloomberg High Yield Bond ETF (b) |
633,557 | 57,273,553 | ||||||
|
|
|||||||
Asset-Backed Securities2.7% |
| |||||||
Asset-Backed - Automobile0.9% | ||||||||
American Credit Acceptance Receivables Trust |
550,000 | 542,645 | ||||||
Avis Budget Rental Car Funding AESOP LLC |
500,000 | 497,468 | ||||||
CarNow Auto Receivables Trust |
67,662 | 67,392 | ||||||
Carvana Auto Receivables Trust |
440,000 | 429,088 | ||||||
Credit Acceptance Auto Loan Trust |
600,000 | 611,422 | ||||||
DT Auto Owner Trust |
266,000 | 256,846 | ||||||
4.220%, 01/15/27 (144A) |
600,000 | 590,256 | ||||||
5.790%, 02/15/29 (144A) |
685,000 | 674,218 | ||||||
Exeter Automobile Receivables Trust |
143,158 | 142,064 | ||||||
4.920%, 12/15/28 |
700,000 | 685,600 | ||||||
5.300%, 09/15/27 |
560,000 | 551,676 | ||||||
5.980%, 12/15/28 |
600,000 | 588,347 | ||||||
6.760%, 09/15/28 |
700,000 | 695,984 | ||||||
Flagship Credit Auto Trust | ||||||||
4.080%, 02/18/25 (144A) |
231,899 | 230,837 |
BHFTI-198
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Asset-Backed Securities(Continued)
Security Description | Principal Amount* |
Value | ||||||
Asset-Backed - Automobile(Continued) | ||||||||
Flagship Credit Auto Trust | ||||||||
5.810%, 05/15/29 (144A) |
890,000 | $ | 871,762 | |||||
7.710%, 10/16/28 (144A) |
600,000 | 615,411 | ||||||
GLS Auto Receivables Issuer Trust |
500,000 | 472,272 | ||||||
Santander Drive Auto Receivables Trust |
825,000 | 831,266 | ||||||
Sonoran Auto Receivables Trust |
62,689 | 62,193 | ||||||
U.S. Auto Funding Trust |
700,000 | 658,566 | ||||||
Westlake Automobile Receivables Trust |
1,000,000 | 932,038 | ||||||
5.480%, 09/15/27 (144A) |
1,000,000 | 976,254 | ||||||
|
|
|||||||
11,983,605 | ||||||||
|
|
|||||||
Asset-Backed - Credit Card0.1% | ||||||||
Continental Finance Credit Card ABS Master Trust |
575,000 | 555,254 | ||||||
|
|
|||||||
Asset-Backed - Other1.7% | ||||||||
American Homes 4 Rent Trust |
172,277 | 168,198 | ||||||
4.691%, 10/17/52 (144A) |
100,000 | 96,973 | ||||||
4.705%, 10/17/36 (144A) |
100,000 | 97,963 | ||||||
AMSR Trust |
782,000 | 709,623 | ||||||
3.218%, 04/17/37 (144A) |
700,000 | 656,068 | ||||||
Bridge Trust |
700,000 | 656,916 | ||||||
Business Jet Securities LLC |
116,581 | 106,023 | ||||||
2.981%, 11/15/35 (144A) |
66,150 | 62,018 | ||||||
BXG Receivables Note Trust |
196,759 | 185,844 | ||||||
Cars Net Lease Mortgage Notes |
128,213 | 104,081 | ||||||
CoreVest American Finance Trust |
302,053 | 287,370 | ||||||
3.163%, 10/15/52 (144A) |
650,000 | 548,541 | ||||||
3.880%, 03/15/52 (144A) |
320,000 | 316,803 | ||||||
Diamond Resorts Owner Trust |
142,484 | 142,407 | ||||||
FirstKey Homes Trust |
786,200 | 713,318 | ||||||
2.668%, 10/19/37 (144A) |
1,250,000 | 1,137,746 | ||||||
4.500%, 07/17/38 (144A) |
496,000 | 465,915 | ||||||
4.500%, 07/17/39 (144A) |
750,000 | 668,505 | ||||||
FMC GMSR Issuer Trust |
400,000 | 328,002 | ||||||
3.690%, 02/25/24 |
1,065,000 | 1,012,815 | ||||||
3.850%, 10/25/26 (144A) (e) |
360,000 | 295,422 | ||||||
4.450%, 01/25/26 (144A) (e) |
500,000 | 432,938 | ||||||
6.190%, 04/25/27 (144A) |
400,000 | 371,133 | ||||||
Asset-Backed - Other(Continued) | ||||||||
Foundation Finance Trust |
22,789 | 22,517 | ||||||
FREED ABS Trust |
500,000 | 472,070 | ||||||
5.790%, 08/20/29 (144A) |
460,300 | 459,474 | ||||||
7.580%, 12/18/29 (144A) |
606,953 | 609,596 | ||||||
Lendmark Funding Trust |
1,100,000 | 949,763 | ||||||
5.600%, 05/20/33 (144A) |
500,000 | 485,435 | ||||||
6.160%, 05/20/33 (144A) |
260,000 | 254,361 | ||||||
6.600%, 07/20/32 (144A) |
700,000 | 690,692 | ||||||
LL ABS Trust |
400,000 | 387,452 | ||||||
LP LMS Asset Securitization Trust |
69,954 | 69,067 | ||||||
Marlette Funding Trust |
650,000 | 603,653 | ||||||
MVW Owner Trust |
744,342 | 723,104 | ||||||
NRZ Excess Spread-Collateralized Notes |
291,734 | 262,748 | ||||||
3.844%, 12/25/25 (144A) |
198,581 | 185,237 | ||||||
Oportun Issuance Trust |
500,000 | 486,727 | ||||||
Orange Lake Timeshare Trust |
312,163 | 295,707 | ||||||
Pagaya AI Technology in Housing Trust |
1,000,000 | 951,348 | ||||||
PRET LLC |
189,359 | 179,881 | ||||||
Pretium Mortgage Credit Partners I LLC |
264,844 | 255,575 | ||||||
Progress Residential Trust |
630,843 | 555,722 | ||||||
4.550%, 04/17/27 (144A) |
750,000 | 677,932 | ||||||
5.200%, 04/17/39 (144A) |
330,000 | 302,954 | ||||||
6.618%, 06/17/39 (144A) |
724,000 | 694,168 | ||||||
SCF Equipment Leasing LLC |
220,000 | 195,714 | ||||||
Sierra Timeshare Receivables Funding LLC |
143,151 | 134,986 | ||||||
3.120%, 05/20/36 (144A) |
81,608 | 78,950 | ||||||
3.940%, 10/20/38 (144A) |
98,749 | 92,466 | ||||||
6.280%, 04/20/40 (144A) |
226,800 | 224,999 | ||||||
Tricon American Homes Trust |
525,000 | 485,546 | ||||||
VM Debt Trust |
499,918 | 456,175 | ||||||
VOLT CI LLC |
185,769 | 169,654 | ||||||
VOLT XCII LLC |
264,553 | 248,670 | ||||||
VOLT XCIV LLC |
654,591 | 616,787 |
BHFTI-199
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Asset-Backed Securities(Continued)
Security Description | Shares/ Principal Amount* |
Value | ||||||
Asset-Backed - Other(Continued) | ||||||||
VOLT XCVI LLC |
877,760 | $ | 830,619 | |||||
VOLT XCVII LLC |
214,280 | 199,576 | ||||||
|
|
|||||||
23,873,947 | ||||||||
|
|
|||||||
Total Asset-Backed Securities |
36,412,806 | |||||||
|
|
|||||||
Convertible Preferred Stocks0.9% |
| |||||||
Banks0.8% | ||||||||
Bank of America Corp. |
9,275 | 10,315,748 | ||||||
|
|
|||||||
Diversified Financial Services0.1% | ||||||||
AMG Capital Trust II |
39,936 | 1,956,864 | ||||||
|
|
|||||||
Total Convertible Preferred Stocks |
12,272,612 | |||||||
|
|
|||||||
Mortgage-Backed Securities0.5% |
| |||||||
Collateralized Mortgage Obligations0.2% | ||||||||
GS Mortgage-Backed Securities Corp. Trust |
582,097 | 520,410 | ||||||
Home RE Ltd. |
282,696 | 284,813 | ||||||
Seasoned Loans Structured Transaction |
860,552 | 803,984 | ||||||
Towd Point Mortgage Trust |
543,003 | 428,228 | ||||||
VM Master Issuer LLC |
400,000 | 390,941 | ||||||
|
|
|||||||
2,428,376 | ||||||||
|
|
|||||||
Commercial Mortgage-Backed Securities0.3% | ||||||||
Commercial Mortgage Trust |
650,000 | 613,276 | ||||||
3.402%, 02/10/37 (144A) |
420,000 | 389,619 | ||||||
CSMC Trust |
655,000 | 558,928 | ||||||
GS Mortgage Securities Trust |
440,000 | 392,092 | ||||||
MRCD Mortgage Trust |
1,420,000 | 1,158,867 | ||||||
SBALR Commercial Mortgage Trust |
773,606 | 606,280 | ||||||
Commercial Mortgage-Backed Securities(Continued) | ||||||||
SLG Office Trust |
390,000 | 304,135 | ||||||
|
|
|||||||
4,023,197 | ||||||||
|
|
|||||||
Total Mortgage-Backed Securities |
6,451,573 | |||||||
|
|
|||||||
Preferred Stock0.4% |
| |||||||
Electric Utilities0.4% | ||||||||
NextEra Energy, Inc., |
136,750 | 5,173,252 | ||||||
|
|
|||||||
Municipals0.0% |
| |||||||
Texas Natural Gas Securitization Finance Corp. |
155,000 | 147,994 | ||||||
|
|
|||||||
Short-Term Investments14.1% |
| |||||||
Mutual Funds0.0% | ||||||||
State Street U.S. Treasury Liquidity Fund |
26,405 | 26,405 | ||||||
|
|
|||||||
Repurchase Agreement12.2% | ||||||||
Fixed Income Clearing Corp. |
167,986,222 | 167,986,222 | ||||||
|
|
|||||||
U.S. Treasury1.9% | ||||||||
U.S. Treasury Bill |
27,000,000 | 26,317,582 | ||||||
|
|
|||||||
Total Short-Term Investments |
194,330,209 | |||||||
|
|
|||||||
Securities Lending Reinvestments (l)2.1% |
| |||||||
Certificates of Deposit1.1% | ||||||||
Bank of America N.A. |
1,000,000 | 1,000,135 | ||||||
Bank of Montreal |
1,000,000 | 1,000,643 | ||||||
Barclays Bank PLC |
1,000,000 | 1,000,072 | ||||||
BNP Paribas SA |
2,000,000 | 1,999,904 |
BHFTI-200
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (l)(Continued)
Security Description | Principal Amount* |
Value | ||||||
Certificates of Deposit(Continued) | ||||||||
Canadian Imperial Bank of Commerce (NY) |
1,000,000 | $ | 1,000,098 | |||||
Credit Industriel et Commercial |
1,000,000 | 999,912 | ||||||
Mitsubishi UFJ Trust & Banking Corp. |
500,000 | 498,450 | ||||||
Mizuho Bank Ltd. |
2,000,000 | 2,000,098 | ||||||
Nordea Bank Abp |
1,000,000 | 1,000,152 | ||||||
Oversea-Chinese Banking Corp. Ltd. |
1,000,000 | 1,000,146 | ||||||
Sumitomo Mitsui Trust Bank Ltd. |
1,000,000 | 1,000,053 | ||||||
Svenska Handelsbanken AB |
2,000,000 | 2,000,210 | ||||||
Toronto-Dominion Bank |
1,000,000 | 1,000,095 | ||||||
|
|
|||||||
15,499,968 | ||||||||
|
|
|||||||
Commercial Paper0.4% | ||||||||
National Australia Bank Ltd. |
2,000,000 | 2,000,440 | ||||||
Old Line Funding LLC |
1,000,000 | 999,999 | ||||||
Skandinaviska Enskilda Banken AB |
2,000,000 | 2,000,540 | ||||||
UBS AG |
1,000,000 | 1,000,000 | ||||||
|
|
|||||||
6,000,979 | ||||||||
|
|
|||||||
Repurchase Agreements0.5% | ||||||||
Citigroup Global Markets, Inc. |
2,000,000 | 2,000,000 | ||||||
ING Financial Markets LLC |
307,441 | 307,441 | ||||||
National Bank of Canada |
3,000,000 | 3,000,000 | ||||||
Royal Bank of Canada Toronto |
2,000,000 | 2,000,000 | ||||||
|
|
|||||||
7,307,441 | ||||||||
|
|
|||||||
Mutual Funds0.1% | ||||||||
HSBC U.S. Government Money Market Fund, Class I |
1,000,000 | 1,000,000 | ||||||
|
|
|||||||
Total Securities Lending Reinvestments |
29,808,388 | |||||||
|
|
|||||||
Total Investments102.2% |
1,403,583,277 | |||||||
Other assets and liabilities (net)(2.2)% |
(30,748,956 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 1,372,834,321 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2023, the market value of restricted securities was $68,094, which is less than 0.05% of net assets. See details shown in the Restricted Securities table that follows. | |||
(a) | Non-income producing security. | |||
(b) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $60,703,600 and the collateral received consisted of cash in the amount of $29,800,324 and non-cash collateral with a value of $32,617,403. The cash collateral investments are disclosed in the Consolidated Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
(c) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |||
(d) | Security was valued in good faith under procedures subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent 0.1% of net assets. | |||
(e) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
(f) | Interest only security. | |||
(g) | TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date. | |||
(h) | Security is a step-up bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate. | |||
(i) | The rate shown represents the annualized seven-day yield as of September 30, 2023. | |||
(j) | The rate shown represents current yield to maturity. | |||
(k) | All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of September 30, 2023, the market value of securities pledged was $21,473,197. | |||
(l) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $79,269,476 which is 5.8% of net assets. |
BHFTI-201
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Restricted Securities |
Acquisition Date |
Shares/ Principal Amount |
Cost | Value | ||||||||||||
Pacific Life Insurance Co., 4.300%, 10/24/67 |
10/17/17-06/24/19 | 97,000 | $ | 95,466 | $ | 68,094 | ||||||||||
Sberbank of Russia PJSC |
06/15/17 | 2,160 | 5,440 | 0 | ||||||||||||
|
|
|||||||||||||||
$ | 68,094 | |||||||||||||||
|
|
Forward Foreign Currency Exchange Contracts
Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
CHF | 1,313,629 | RBC |
10/30/23 | USD | 1,501,759 | $ | (62,536 | ) | ||||||||||||||
CHF | 22,221 | SSBT |
10/30/23 | USD | 25,253 | (907 | ) | |||||||||||||||
CHF | 7,303,320 | SSBT |
10/30/23 | USD | 8,295,040 | (293,462 | ) | |||||||||||||||
EUR | 1,332,877 | CBNA |
10/30/23 | USD | 1,415,254 | (4,507 | ) | |||||||||||||||
EUR | 3,926,546 | CBNA |
10/30/23 | USD | 4,333,482 | (177,536 | ) | |||||||||||||||
EUR | 6,444,486 | CBNA |
10/30/23 | USD | 6,912,600 | (91,607 | ) | |||||||||||||||
EUR | 8,037,579 | CBNA |
10/30/23 | USD | 8,745,331 | (238,172 | ) | |||||||||||||||
EUR | 2,053,578 | RBC |
10/30/23 | USD | 2,257,867 | (84,311 | ) | |||||||||||||||
EUR | 8,802,000 | RBC |
10/30/23 | USD | 9,843,989 | (527,749 | ) | |||||||||||||||
EUR | 921,892 | SSBT |
10/30/23 | USD | 999,037 | (23,285 | ) | |||||||||||||||
EUR | 1,560,599 | SSBT |
10/30/23 | USD | 1,701,252 | (49,478 | ) | |||||||||||||||
Contracts to Deliver |
||||||||||||||||||||||
AUD | 3,549,222 | SSBT |
10/30/23 | USD | 2,409,181 | 125,179 | ||||||||||||||||
CHF | 8,639,170 | SSBT |
10/30/23 | USD | 10,117,780 | 652,633 | ||||||||||||||||
EUR | 1,423,748 | CBNA |
10/30/23 | USD | 1,554,938 | 48,010 | ||||||||||||||||
EUR | 1,821,853 | RBC |
10/30/23 | USD | 2,030,075 | 101,783 | ||||||||||||||||
EUR | 1,583,611 | RBC |
10/30/23 | USD | 1,752,777 | 76,646 | ||||||||||||||||
EUR | 126,243,733 | SSBT |
10/30/23 | USD | 140,386,982 | 6,767,697 | ||||||||||||||||
EUR | 2,060,929 | SSBT |
10/30/23 | USD | 2,286,948 | 105,614 | ||||||||||||||||
JPY | 836,434,644 | CBNA |
10/30/23 | USD | 6,049,158 | 427,877 | ||||||||||||||||
|
|
|||||||||||||||||||||
Net Unrealized Appreciation |
|
$ | 6,751,889 | |||||||||||||||||||
|
|
Futures Contracts
Futures ContractsLong |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
Australian 10 Year Treasury Bond Futures |
12/15/23 | 995 | AUD | 111,412,916 | $ | (2,218,525 | ) | |||||||||||||
MSCI EAFE Index Mini Futures |
12/15/23 | 1,161 | USD | 118,509,075 | (4,042,683 | ) | ||||||||||||||
S&P 500 Index E-Mini Futures |
12/15/23 | 122 | USD | 26,385,550 | (1,132,994 | ) | ||||||||||||||
TOPIX Index Futures |
12/07/23 | 180 | JPY | 4,182,300,000 | (290,632 | ) | ||||||||||||||
U.S. Treasury Long Bond Futures |
12/19/23 | 268 | USD | 30,493,375 | (1,771,883 | ) | ||||||||||||||
U.S. Treasury Note 10 Year Futures |
12/19/23 | 1,110 | USD | 119,949,375 | (1,265,475 | ) | ||||||||||||||
United Kingdom Long Gilt Bond Futures |
12/27/23 | 265 | GBP | 24,952,400 | (108,932 | ) | ||||||||||||||
Futures ContractsShort |
||||||||||||||||||||
Euro STOXX 50 Index Futures |
12/15/23 | (715 | ) | EUR | (30,058,600 | ) | 460,326 | |||||||||||||
FTSE 100 Index Futures |
12/15/23 | (3 | ) | GBP | (230,130 | ) | (2,822 | ) | ||||||||||||
Russell 2000 Index E-Mini Futures |
12/15/23 | (396 | ) | USD | (35,612,280 | ) | 1,458,126 | |||||||||||||
U.S. Treasury Note 10 Year Futures |
12/19/23 | (246 | ) | USD | (26,583,375 | ) | 139,920 | |||||||||||||
U.S. Treasury Note 2 Year Futures |
12/29/23 | (998 | ) | USD | (202,305,516 | ) | 606,653 | |||||||||||||
|
|
|||||||||||||||||||
Net Unrealized Depreciation |
|
$ | (8,168,921 | ) | ||||||||||||||||
|
|
BHFTI-202
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Swap Agreements
Centrally Cleared Interest Rate Swaps
Pay/Receive |
Floating Rate Index |
Payment Frequency |
Fixed Rate |
Payment Frequency |
Maturity Date |
Notional Amount |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||||||
Pay |
12M SOFR | Annually | 3.282 | % | Annually | 04/19/33 | USD | 87,000,000 | $ | (6,708,083 | ) | $ | (39,698 | ) | $ | (6,668,385 | ) | |||||||||||||||||||||
Pay |
12M SOFR | Annually | 3.441 | % | Annually | 05/26/33 | USD | 97,600,000 | (6,373,514 | ) | (4,400 | ) | (6,369,114 | ) | ||||||||||||||||||||||||
Pay |
12M SOFR | Annually | 3.619 | % | Annually | 07/07/33 | USD | 113,000,000 | (5,854,247 | ) | 11,879 | (5,866,126 | ) | |||||||||||||||||||||||||
Pay |
12M SOFR | Annually | 3.963 | % | Annually | 09/15/33 | USD | 49,900,000 | (1,239,571 | ) | 137 | (1,239,708 | ) | |||||||||||||||||||||||||
Pay |
12M SOFR | Annually | 4.076 | % | Annually | 08/23/33 | USD | 95,500,000 | (1,508,289 | ) | 9,419 | (1,517,708 | ) | |||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||
Totals |
|
$ | (21,683,704 | ) | $ | (22,663 | ) | $ | (21,661,041 | ) | ||||||||||||||||||||||||||||
|
|
|
|
|
|
Glossary of Abbreviations
Counterparties
(CBNA) | Citibank N.A. | |||
(RBC) | Royal Bank of Canada | |||
(SSBT) | State Street Bank and Trust |
Currencies
(AUD) | Australian Dollar | |||
(CHF) | Swiss Franc | |||
(EUR) | Euro | |||
(GBP) | British Pound | |||
(JPY) | Japanese Yen | |||
(USD) | United States Dollar |
Index Abbreviations
(FEDEFF PRV) | Effective Federal Funds Rate | |||
(H15) | U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index | |||
(LIBOR) | London Interbank Offered Rate | |||
(SOFR) | Secured Overnight Financing Rate | |||
(SOFR30A) | Secured Overnight Financing Rate 30-Day Average | |||
(TSFR) | Term Secured Overnight Financing Rate |
Other Abbreviations
(ACES) | Alternative Credit Enhancement Securities | |||
(ADR) | American Depositary Receipt | |||
(DAC) | Designated Activity Company | |||
(ETF) | Exchange-Traded Fund | |||
(GDR) | Global Depositary Receipt | |||
(REIT) | Real Estate Investment Trust | |||
(REMIC) | Real Estate Mortgage Investment Conduit |
BHFTI-203
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
| |||||||||||||||
Aerospace & Defense |
$ | 1,487,857 | $ | 7,179,712 | $ | | $ | 8,667,569 | ||||||||
Air Freight & Logistics |
669,235 | 1,388,288 | | 2,057,523 | ||||||||||||
Automobile Components |
| 1,523,953 | | 1,523,953 | ||||||||||||
Automobiles |
2,935,331 | 1,560,379 | | 4,495,710 | ||||||||||||
Banks |
18,959,723 | 25,401,266 | 0 | 44,360,989 | ||||||||||||
Beverages |
9,545,535 | 6,998,492 | | 16,544,027 | ||||||||||||
Biotechnology |
12,475,986 | 641,231 | | 13,117,217 | ||||||||||||
Broadline Retail |
17,281,879 | 1,772,117 | | 19,053,996 | ||||||||||||
Building Products |
2,015,874 | 1,725,738 | | 3,741,612 | ||||||||||||
Capital Markets |
18,709,747 | 7,483,326 | | 26,193,073 | ||||||||||||
Chemicals |
2,316,040 | 6,852,953 | | 9,168,993 | ||||||||||||
Commercial Services & Supplies |
928,934 | | | 928,934 | ||||||||||||
Communications Equipment |
788,837 | | | 788,837 | ||||||||||||
Construction & Engineering |
1,479,925 | 5,241,522 | | 6,721,447 | ||||||||||||
Construction Materials |
1,151,844 | | | 1,151,844 | ||||||||||||
Consumer Finance |
2,026,761 | | | 2,026,761 | ||||||||||||
Consumer Staples Distribution & Retail |
2,288,801 | 3,156,737 | | 5,445,538 | ||||||||||||
Containers & Packaging |
1,362,422 | | | 1,362,422 | ||||||||||||
Distributors |
329,749 | | | 329,749 | ||||||||||||
Diversified Telecommunication Services |
339,430 | 2,439,557 | | 2,778,987 | ||||||||||||
Electric Utilities |
4,722,341 | 3,310,445 | | 8,032,786 | ||||||||||||
Electrical Equipment |
2,892,935 | 2,590,582 | | 5,483,517 | ||||||||||||
Electronic Equipment, Instruments & Components |
1,326,585 | 4,833,311 | | 6,159,896 | ||||||||||||
Energy Equipment & Services |
1,569,833 | | | 1,569,833 | ||||||||||||
Entertainment |
1,837,179 | 1,585,467 | | 3,422,646 | ||||||||||||
Financial Services |
12,064,344 | | | 12,064,344 | ||||||||||||
Food Products |
1,093,247 | 6,070,891 | | 7,164,138 | ||||||||||||
Ground Transportation |
7,533,424 | | | 7,533,424 | ||||||||||||
Health Care Equipment & Supplies |
3,244,920 | 4,894,839 | | 8,139,759 | ||||||||||||
Health Care Providers & Services |
14,689,028 | | | 14,689,028 | ||||||||||||
Health Care REITs |
246,006 | | | 246,006 | ||||||||||||
Hotel & Resort REITs |
288,561 | | | 288,561 | ||||||||||||
Hotels, Restaurants & Leisure |
15,814,097 | 2,593,595 | | 18,407,692 | ||||||||||||
Household Durables |
1,193,594 | 3,376,792 | | 4,570,386 | ||||||||||||
Household Products |
1,091,878 | 118,023 | | 1,209,901 | ||||||||||||
Independent Power and Renewable Electricity Producers |
| 3,839,845 | | 3,839,845 | ||||||||||||
Industrial Conglomerates |
448,918 | 854,663 | | 1,303,581 | ||||||||||||
Industrial REITs |
4,631,434 | | | 4,631,434 | ||||||||||||
Insurance |
9,895,605 | 20,517,220 | | 30,412,825 | ||||||||||||
Interactive Media & Services |
15,708,679 | 4,017,369 | | 19,726,048 | ||||||||||||
IT Services |
5,417,465 | 4,404,030 | | 9,821,495 |
BHFTI-204
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy(Continued)
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Leisure Products |
$ | | $ | 1,215,250 | $ | | $ | 1,215,250 | ||||||||
Life Sciences Tools & Services |
1,084,092 | 942,649 | | 2,026,741 | ||||||||||||
Machinery |
5,604,076 | 9,429,865 | | 15,033,941 | ||||||||||||
Media |
3,049,081 | | | 3,049,081 | ||||||||||||
Metals & Mining |
303,317 | 3,523,721 | | 3,827,038 | ||||||||||||
Multi-Utilities |
2,303,041 | 1,726,910 | | 4,029,951 | ||||||||||||
Oil, Gas & Consumable Fuels |
13,757,246 | 16,441,134 | | 30,198,380 | ||||||||||||
Personal Care Products |
440,776 | 1,737,058 | | 2,177,834 | ||||||||||||
Pharmaceuticals |
8,420,433 | 19,253,062 | | 27,673,495 | ||||||||||||
Professional Services |
| 5,646,147 | | 5,646,147 | ||||||||||||
Real Estate Management & Development |
519,679 | | | 519,679 | ||||||||||||
Residential REITs |
1,038,335 | | | 1,038,335 | ||||||||||||
Retail REITs |
1,517,633 | | | 1,517,633 | ||||||||||||
Semiconductors & Semiconductor Equipment |
33,105,630 | 10,513,785 | | 43,619,415 | ||||||||||||
Software |
32,628,479 | | | 32,628,479 | ||||||||||||
Specialized REITs |
2,264,442 | | | 2,264,442 | ||||||||||||
Specialty Retail |
9,193,530 | 1,895,654 | | 11,089,184 | ||||||||||||
Technology Hardware, Storage & Peripherals |
16,934,595 | | | 16,934,595 | ||||||||||||
Textiles, Apparel & Luxury Goods |
1,383,559 | 8,765,437 | | 10,148,996 | ||||||||||||
Tobacco |
603,344 | 1,648,455 | | 2,251,799 | ||||||||||||
Trading Companies & Distributors |
305,506 | 1,297,647 | | 1,603,153 | ||||||||||||
Wireless Telecommunication Services |
305,309 | | | 305,309 | ||||||||||||
Total Common Stocks |
337,566,086 | 220,409,117 | 0 | 557,975,203 | ||||||||||||
Total Convertible Bonds* |
| 252,577,400 | | 252,577,400 | ||||||||||||
U.S. Treasury & Government Agencies |
| |||||||||||||||
Agency Sponsored Mortgage - Backed |
| 89,203,630 | 789,500 | 89,993,130 | ||||||||||||
U.S. Treasury |
| 81,189,661 | | 81,189,661 | ||||||||||||
Total U.S. Treasury & Government Agencies | | 170,393,291 | 789,500 | 171,182,791 | ||||||||||||
Total Corporate Bonds & Notes* |
| 79,977,496 | | 79,977,496 | ||||||||||||
Total Mutual Funds* |
57,273,553 | | | 57,273,553 | ||||||||||||
Asset-Backed Securities |
| |||||||||||||||
Asset-Backed - Automobile |
| 11,983,605 | | 11,983,605 | ||||||||||||
Asset-Backed - Credit Card |
| 555,254 | | 555,254 | ||||||||||||
Asset-Backed - Other |
| 23,417,772 | 456,175 | 23,873,947 | ||||||||||||
Total Asset-Backed Securities |
| 35,956,631 | 456,175 | 36,412,806 | ||||||||||||
Total Convertible Preferred Stocks* |
12,272,612 | | | 12,272,612 | ||||||||||||
Total Mortgage-Backed Securities* |
| 6,451,573 | | 6,451,573 | ||||||||||||
Total Preferred Stock* |
5,173,252 | | | 5,173,252 | ||||||||||||
Total Municipals* |
| 147,994 | | 147,994 | ||||||||||||
Short-Term Investments |
| |||||||||||||||
Mutual Funds |
26,405 | | | 26,405 | ||||||||||||
Repurchase Agreement |
| 167,986,222 | | 167,986,222 | ||||||||||||
U.S. Treasury |
| 26,317,582 | | 26,317,582 | ||||||||||||
Total Short-Term Investments |
26,405 | 194,303,804 | | 194,330,209 | ||||||||||||
Securities Lending Reinvestments |
| |||||||||||||||
Certificates of Deposit |
| 15,499,968 | | 15,499,968 | ||||||||||||
Commercial Paper |
| 6,000,979 | | 6,000,979 | ||||||||||||
Repurchase Agreements |
| 7,307,441 | | 7,307,441 | ||||||||||||
Mutual Funds |
1,000,000 | | | 1,000,000 | ||||||||||||
Total Securities Lending Reinvestments |
1,000,000 | 28,808,388 | | 29,808,388 | ||||||||||||
Total Investments |
$ | 413,311,908 | $ | 989,025,694 | $ | 1,245,675 | $ | 1,403,583,277 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (29,800,324 | ) | $ | | $ | (29,800,324 | ) |
BHFTI-205
Table of Contents
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy(Continued)
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Forward Contracts |
| |||||||||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | | $ | 8,305,439 | $ | | $ | 8,305,439 | ||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
| (1,553,550 | ) | | (1,553,550 | ) | ||||||||||
Total Forward Contracts |
$ | | $ | 6,751,889 | $ | | $ | 6,751,889 | ||||||||
Futures Contracts |
| |||||||||||||||
Futures Contracts (Unrealized Appreciation) |
$ | 2,665,025 | $ | | $ | | $ | 2,665,025 | ||||||||
Futures Contracts (Unrealized Depreciation) |
(10,833,946 | ) | | | (10,833,946 | ) | ||||||||||
Total Futures Contracts |
$ | (8,168,921 | ) | $ | | $ | | $ | (8,168,921 | ) | ||||||
Centrally Cleared Swap Contracts |
| |||||||||||||||
Centrally Cleared Swap Contracts (Unrealized Depreciation) |
$ | | $ | (21,661,041 | ) | $ | | $ | (21,661,041 | ) |
* | See Consolidated Schedule of Investments for additional detailed categorizations. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2023 is not presented.
BHFTI-206
Table of Contents
Brighthouse Funds Trust I
JPMorgan Small Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks97.4% of Net Assets
Security Description | Shares | Value | ||||||
Aerospace & Defense0.3% | ||||||||
Archer Aviation, Inc. - Class A (a)(b) |
58,666 | $ | 296,850 | |||||
V2X, Inc. (a) |
16,430 | 848,774 | ||||||
|
|
|||||||
1,145,624 | ||||||||
|
|
|||||||
Air Freight & Logistics0.7% | ||||||||
Hub Group, Inc. - Class A (a) |
26,266 | 2,062,931 | ||||||
Radiant Logistics, Inc. (a) |
63,398 | 358,199 | ||||||
|
|
|||||||
2,421,130 | ||||||||
|
|
|||||||
Automobile Components0.7% | ||||||||
Adient PLC (a) |
57,100 | 2,095,570 | ||||||
Dana, Inc. |
29,731 | 436,154 | ||||||
|
|
|||||||
2,531,724 | ||||||||
|
|
|||||||
Banks14.3% | ||||||||
Ameris Bancorp |
46,291 | 1,777,112 | ||||||
Axos Financial, Inc. (a) |
18,987 | 718,848 | ||||||
Banc of California, Inc. |
52,811 | 653,800 | ||||||
Bancorp, Inc. (a) |
13,323 | 459,644 | ||||||
Bank of NT Butterfield & Son Ltd. |
61,443 | 1,663,876 | ||||||
Banner Corp. |
23,544 | 997,795 | ||||||
Brookline Bancorp, Inc. |
44,438 | 404,830 | ||||||
Business First Bancshares, Inc. |
21,361 | 400,732 | ||||||
Byline Bancorp, Inc. |
58,815 | 1,159,244 | ||||||
Capital City Bank Group, Inc. |
32,390 | 966,194 | ||||||
Capstar Financial Holdings, Inc. |
12,286 | 174,338 | ||||||
Central Pacific Financial Corp. |
20,513 | 342,157 | ||||||
Columbia Banking System, Inc. |
17,357 | 352,347 | ||||||
Community Trust Bancorp, Inc. |
6,439 | 220,600 | ||||||
ConnectOne Bancorp, Inc. |
108,411 | 1,932,968 | ||||||
Customers Bancorp, Inc. (a) |
88,800 | 3,059,160 | ||||||
CVB Financial Corp. |
75,961 | 1,258,674 | ||||||
Eastern Bankshares, Inc. |
103,589 | 1,299,006 | ||||||
Enterprise Financial Services Corp. |
34,797 | 1,304,888 | ||||||
Financial Institutions, Inc. |
9,163 | 154,213 | ||||||
First BanCorp/Puerto Rico |
247,647 | 3,333,329 | ||||||
First Bancshares, Inc. |
9,575 | 258,238 | ||||||
First Citizens BancShares, Inc. - Class A |
1,283 | 1,770,668 | ||||||
First Commonwealth Financial Corp. |
18,684 | 228,132 | ||||||
First Financial Corp. |
19,157 | 647,698 | ||||||
First Merchants Corp. |
29,066 | 808,616 | ||||||
FNB Corp. |
15,419 | 166,371 | ||||||
Hancock Whitney Corp. |
16,159 | 597,721 | ||||||
Heritage Commerce Corp. |
52,569 | 445,259 | ||||||
Home BancShares, Inc. |
14,812 | 310,163 | ||||||
HomeTrust Bancshares, Inc. |
16,167 | 350,339 | ||||||
Independent Bank Corp./MI |
7,280 | 133,515 | ||||||
Mercantile Bank Corp. |
2,492 | 77,028 | ||||||
Mid Penn Bancorp, Inc. |
4,512 | 90,827 | ||||||
Midland States Bancorp, Inc. |
7,492 | 153,886 | ||||||
MVB Financial Corp. |
3,322 | 75,011 | ||||||
National Bank Holdings Corp. - Class A |
10,821 | 322,033 | ||||||
OceanFirst Financial Corp. |
150,303 | 2,174,884 | ||||||
OFG Bancorp |
132,077 | 3,943,819 | ||||||
Old National Bancorp |
151,762 | 2,206,619 | ||||||
Old Second Bancorp, Inc. |
88,252 | 1,201,110 | ||||||
Banks(Continued) | ||||||||
Orrstown Financial Services, Inc. |
5,592 | $ | 117,488 | |||||
Pathward Financial, Inc. |
42,831 | 1,974,081 | ||||||
Peapack-Gladstone Financial Corp. |
24,886 | 638,326 | ||||||
Peoples Bancorp, Inc. |
2,326 | 59,034 | ||||||
Pinnacle Financial Partners, Inc. |
7,308 | 489,928 | ||||||
Popular, Inc. |
14,534 | 915,787 | ||||||
Preferred Bank |
1,828 | 113,793 | ||||||
Premier Financial Corp. |
22,172 | 378,254 | ||||||
QCR Holdings, Inc. |
23,193 | 1,125,324 | ||||||
Seacoast Banking Corp. of Florida |
9,253 | 203,196 | ||||||
Sierra Bancorp |
6,671 | 126,482 | ||||||
SmartFinancial, Inc. |
4,363 | 93,237 | ||||||
South Plains Financial, Inc. |
2,713 | 71,732 | ||||||
Southside Bancshares, Inc. (b) |
10,287 | 295,237 | ||||||
SouthState Corp. |
23,490 | 1,582,286 | ||||||
Towne Bank |
13,063 | 299,535 | ||||||
TriCo Bancshares |
17,504 | 560,653 | ||||||
Univest Financial Corp. |
9,313 | 161,860 | ||||||
Veritex Holdings, Inc. |
52,141 | 935,931 | ||||||
Washington Federal, Inc. |
32,406 | 830,242 | ||||||
Wintrust Financial Corp. |
24,105 | 1,819,928 | ||||||
|
|
|||||||
51,388,026 | ||||||||
|
|
|||||||
Beverages0.2% | ||||||||
Primo Water Corp. |
59,019 | 814,462 | ||||||
|
|
|||||||
Biotechnology4.9% | ||||||||
2seventy bio, Inc. (a) |
57,276 | 224,522 | ||||||
Agios Pharmaceuticals, Inc. (a)(b) |
26,935 | 666,641 | ||||||
Akero Therapeutics, Inc. (a) |
15,970 | 807,763 | ||||||
Allogene Therapeutics, Inc. (a)(b) |
109,954 | 348,554 | ||||||
Allovir, Inc. (a)(b) |
96,616 | 207,724 | ||||||
Arcellx, Inc. (a) |
26,675 | 957,099 | ||||||
Avidity Biosciences, Inc. (a) |
58,852 | 375,476 | ||||||
BioCryst Pharmaceuticals, Inc. (a) |
47,420 | 335,734 | ||||||
Biohaven Ltd. (a) |
1,522 | 39,587 | ||||||
Bluebird Bio, Inc. (a) |
129,434 | 393,479 | ||||||
Cytokinetics, Inc. (a)(b) |
19,461 | 573,321 | ||||||
EQRx, Inc. (a) |
173,846 | 385,938 | ||||||
Fate Therapeutics, Inc. (a) |
159,068 | 337,224 | ||||||
Generation Bio Co. (a) |
161,100 | 610,569 | ||||||
Geron Corp. (a) |
169,753 | 359,876 | ||||||
Iovance Biotherapeutics, Inc. (a) |
110,812 | 504,195 | ||||||
Kezar Life Sciences, Inc. (a)(b) |
128,150 | 152,499 | ||||||
Kymera Therapeutics, Inc. (a) |
58,576 | 814,206 | ||||||
Lexicon Pharmaceuticals, Inc. (a)(b) |
386,070 | 420,816 | ||||||
MacroGenics, Inc. (a) |
143,895 | 670,551 | ||||||
MoonLake Immunotherapeutics (a)(b) |
38,894 | 2,216,958 | ||||||
Prothena Corp. PLC (a) |
21,794 | 1,051,561 | ||||||
Recursion Pharmaceuticals, Inc. - Class A (a)(b) |
43,912 | 335,927 | ||||||
Relay Therapeutics, Inc. (a) |
91,002 | 765,327 | ||||||
SpringWorks Therapeutics, Inc. (a)(b) |
39,254 | 907,552 | ||||||
Syndax Pharmaceuticals, Inc. (a) |
48,539 | 704,786 | ||||||
Twist Bioscience Corp. (a) |
59,995 | 1,215,499 | ||||||
Veracyte, Inc. (a) |
21,969 | 490,568 | ||||||
Verve Therapeutics, Inc. (a)(b) |
63,300 | 839,358 | ||||||
|
|
|||||||
17,713,310 | ||||||||
|
|
BHFTI-207
Table of Contents
Brighthouse Funds Trust I
JPMorgan Small Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares |
Value | ||||||
Building Products1.0% | ||||||||
Gibraltar Industries, Inc. (a) |
12,318 | $ | 831,588 | |||||
Resideo Technologies, Inc. (a) |
26,796 | 423,377 | ||||||
UFP Industries, Inc. |
24,782 | 2,537,677 | ||||||
|
|
|||||||
3,792,642 | ||||||||
|
|
|||||||
Capital Markets1.3% | ||||||||
AssetMark Financial Holdings, Inc. (a) |
12,568 | 315,205 | ||||||
Piper Sandler Cos. |
3,303 | 479,959 | ||||||
Stifel Financial Corp. |
3,068 | 188,498 | ||||||
StoneX Group, Inc. (a) |
10,366 | 1,004,673 | ||||||
Victory Capital Holdings, Inc. - Class A |
50,952 | 1,698,740 | ||||||
Virtus Investment Partners, Inc. |
4,909 | 991,569 | ||||||
|
|
|||||||
4,678,644 | ||||||||
|
|
|||||||
Chemicals1.1% | ||||||||
AdvanSix, Inc. |
23,413 | 727,676 | ||||||
Avient Corp. |
14,534 | 513,341 | ||||||
Ecovyst, Inc. (a) |
15,280 | 150,355 | ||||||
HB Fuller Co. (b) |
8,028 | 550,801 | ||||||
Minerals Technologies, Inc. |
9,301 | 509,323 | ||||||
Sensient Technologies Corp. |
8,395 | 490,940 | ||||||
Tronox Holdings PLC |
69,483 | 933,851 | ||||||
|
|
|||||||
3,876,287 | ||||||||
|
|
|||||||
Commercial Services & Supplies0.9% | ||||||||
ABM Industries, Inc. |
55,191 | 2,208,192 | ||||||
ACCO Brands Corp. |
30,217 | 173,445 | ||||||
Heritage-Crystal Clean, Inc. (a) |
22,976 | 1,041,962 | ||||||
|
|
|||||||
3,423,599 | ||||||||
|
|
|||||||
Communications Equipment0.3% | ||||||||
Aviat Networks, Inc. (a) |
9,329 | 291,065 | ||||||
NETGEAR, Inc. (a) |
61,381 | 772,787 | ||||||
|
|
|||||||
1,063,852 | ||||||||
|
|
|||||||
Construction & Engineering1.7% | ||||||||
API Group Corp. (a) |
44,303 | 1,148,777 | ||||||
Argan, Inc. |
20,299 | 924,010 | ||||||
Comfort Systems USA, Inc. |
7,253 | 1,235,984 | ||||||
MasTec, Inc. (a) |
4,916 | 353,804 | ||||||
MYR Group, Inc. (a) |
12,734 | 1,716,034 | ||||||
Primoris Services Corp. |
23,060 | 754,754 | ||||||
|
|
|||||||
6,133,363 | ||||||||
|
|
|||||||
Construction Materials0.1% | ||||||||
Summit Materials, Inc. - Class A (a) |
11,720 | 364,961 | ||||||
|
|
|||||||
Consumer Finance2.4% | ||||||||
Encore Capital Group, Inc. (a)(b) |
27,461 | 1,311,537 | ||||||
Enova International, Inc. (a) |
63,788 | 3,244,896 | ||||||
FirstCash Holdings, Inc. |
13,089 | 1,313,874 | ||||||
Navient Corp. |
15,471 | 266,411 | ||||||
Nelnet, Inc. - Class A |
6,472 | 578,079 | ||||||
Consumer Finance(Continued) | ||||||||
PROG Holdings, Inc. (a) |
53,055 | $ | 1,761,956 | |||||
|
|
|||||||
8,476,753 | ||||||||
|
|
|||||||
Consumer Staples Distribution & Retail1.0% | ||||||||
Andersons, Inc. |
23,392 | 1,204,922 | ||||||
BJs Wholesale Club Holdings, Inc. (a) |
8,917 | 636,406 | ||||||
Sprouts Farmers Market, Inc. (a)(b) |
33,578 | 1,437,139 | ||||||
United Natural Foods, Inc. (a) |
28,107 | 397,433 | ||||||
|
|
|||||||
3,675,900 | ||||||||
|
|
|||||||
Containers & Packaging0.3% | ||||||||
Greif, Inc. - Class A |
10,270 | 686,139 | ||||||
Myers Industries, Inc. |
4,706 | 84,379 | ||||||
O-I Glass, Inc. (a) |
19,654 | 328,811 | ||||||
|
|
|||||||
1,099,329 | ||||||||
|
|
|||||||
Diversified Consumer Services0.5% | ||||||||
Laureate Education, Inc. |
70,263 | 990,708 | ||||||
Stride, Inc. (a) |
16,527 | 744,211 | ||||||
|
|
|||||||
1,734,919 | ||||||||
|
|
|||||||
Diversified REITs0.8% | ||||||||
Alexander & Baldwin, Inc. (a) |
13,332 | 223,044 | ||||||
American Assets Trust, Inc. |
10,104 | 196,523 | ||||||
Armada Hoffler Properties, Inc. |
21,426 | 219,402 | ||||||
Broadstone Net Lease, Inc. |
99,767 | 1,426,668 | ||||||
Essential Properties Realty Trust, Inc. (b) |
40,011 | 865,438 | ||||||
|
|
|||||||
2,931,075 | ||||||||
|
|
|||||||
Diversified Telecommunication Services0.6% | ||||||||
ATN International, Inc. |
4,288 | 135,329 | ||||||
EchoStar Corp. - Class A (a) |
37,494 | 628,024 | ||||||
Liberty Latin America Ltd. - Class A (a) |
25,385 | 207,142 | ||||||
Liberty Latin America Ltd. - Class C (a) |
152,622 | 1,245,396 | ||||||
|
|
|||||||
2,215,891 | ||||||||
|
|
|||||||
Electric Utilities1.3% | ||||||||
IDACORP, Inc. |
14,463 | 1,354,460 | ||||||
MGE Energy, Inc. |
17,156 | 1,175,357 | ||||||
Portland General Electric Co. |
49,641 | 2,009,468 | ||||||
|
|
|||||||
4,539,285 | ||||||||
|
|
|||||||
Electrical Equipment1.3% | ||||||||
Encore Wire Corp. (b) |
20,163 | 3,678,941 | ||||||
Powell Industries, Inc. |
10,570 | 876,253 | ||||||
|
|
|||||||
4,555,194 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components1.8% | ||||||||
Belden, Inc. |
4,819 | 465,275 | ||||||
Benchmark Electronics, Inc. |
39,247 | 952,132 | ||||||
Knowles Corp. (a) |
186,430 | 2,761,028 | ||||||
OSI Systems, Inc. (a) |
13,417 | 1,583,743 | ||||||
ScanSource, Inc. (a) |
25,787 | 781,604 | ||||||
|
|
|||||||
6,543,782 | ||||||||
|
|
BHFTI-208
Table of Contents
Brighthouse Funds Trust I
JPMorgan Small Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares |
Value | ||||||
Energy Equipment & Services1.8% | ||||||||
ChampionX Corp. |
12,510 | $ | 445,606 | |||||
Helmerich & Payne, Inc. |
23,014 | 970,270 | ||||||
Liberty Energy, Inc. |
83,887 | 1,553,587 | ||||||
Noble Corp. PLC (a)(b) |
22,039 | 1,116,276 | ||||||
Oil States International, Inc. (a) |
69,322 | 580,225 | ||||||
Patterson-UTI Energy, Inc. (b) |
73,982 | 1,023,911 | ||||||
Select Water Solutions, Inc. |
91,677 | 728,832 | ||||||
|
|
|||||||
6,418,707 | ||||||||
|
|
|||||||
Financial Services5.1% | ||||||||
Essent Group Ltd. |
70,967 | 3,356,029 | ||||||
Federal Agricultural Mortgage Corp. - Class C |
2,200 | 339,460 | ||||||
Jackson Financial, Inc. - Class A |
43,330 | 1,656,073 | ||||||
Merchants Bancorp |
59,842 | 1,658,820 | ||||||
Mr. Cooper Group, Inc. (a) |
67,770 | 3,629,761 | ||||||
NMI Holdings, Inc. - Class A (a) |
51,795 | 1,403,127 | ||||||
PennyMac Financial Services, Inc. (b) |
14,223 | 947,252 | ||||||
Radian Group, Inc. (b) |
81,521 | 2,046,992 | ||||||
Repay Holdings Corp. (a) |
224,159 | 1,701,367 | ||||||
StoneCo Ltd. - Class A (a) |
153,612 | 1,639,040 | ||||||
Waterstone Financial, Inc. |
897 | 9,822 | ||||||
|
|
|||||||
18,387,743 | ||||||||
|
|
|||||||
Food Products1.2% | ||||||||
Darling Ingredients, Inc. (a) |
16,747 | 874,193 | ||||||
Hostess Brands, Inc. (a) |
69,880 | 2,327,703 | ||||||
John B Sanfilippo & Son, Inc. |
9,647 | 953,124 | ||||||
|
|
|||||||
4,155,020 | ||||||||
|
|
|||||||
Gas Utilities1.2% | ||||||||
Chesapeake Utilities Corp. |
7,474 | 730,584 | ||||||
New Jersey Resources Corp. |
17,465 | 709,603 | ||||||
Northwest Natural Holding Co. |
21,870 | 834,559 | ||||||
ONE Gas, Inc. |
16,273 | 1,111,121 | ||||||
Southwest Gas Holdings, Inc. (a) |
1,301 | 78,593 | ||||||
Spire, Inc. (b) |
18,326 | 1,036,885 | ||||||
|
|
|||||||
4,501,345 | ||||||||
|
|
|||||||
Ground Transportation0.6% | ||||||||
ArcBest Corp. |
22,727 | 2,310,199 | ||||||
|
|
|||||||
Health Care Equipment & Supplies1.4% | ||||||||
Alphatec Holdings, Inc. (a)(b) |
100,999 | 1,309,957 | ||||||
Inari Medical, Inc. (a) |
21,105 | 1,380,267 | ||||||
RxSight, Inc. (a) |
69,344 | 1,934,004 | ||||||
Sight Sciences, Inc. (a) |
147,503 | 497,085 | ||||||
|
|
|||||||
5,121,313 | ||||||||
|
|
|||||||
Health Care Providers & Services0.8% | ||||||||
AdaptHealth Corp. (a) |
80,667 | 734,070 | ||||||
Fulgent Genetics, Inc. (a) |
18,172 | 485,919 | ||||||
ModivCare, Inc. (a) |
14,214 | 447,883 | ||||||
NeoGenomics, Inc. (a) |
70,951 | 872,698 | ||||||
Surgery Partners, Inc. (a)(b) |
13,781 | 403,094 | ||||||
|
|
|||||||
2,943,664 | ||||||||
|
|
|||||||
Health Care REITs1.0% | ||||||||
CareTrust REIT, Inc. |
27,653 | $ | 566,887 | |||||
Community Healthcare Trust, Inc. |
12,312 | 365,667 | ||||||
Global Medical REIT, Inc. |
16,056 | 144,022 | ||||||
Physicians Realty Trust (b) |
124,827 | 1,521,641 | ||||||
Sabra Health Care REIT, Inc. |
70,645 | 984,791 | ||||||
|
|
|||||||
3,583,008 | ||||||||
|
|
|||||||
Health Care Technology1.0% | ||||||||
Evolent Health, Inc. - Class A (a) |
49,256 | 1,341,241 | ||||||
Health Catalyst, Inc. (a) |
127,825 | 1,293,589 | ||||||
Phreesia, Inc. (a) |
22,976 | 429,192 | ||||||
Veradigm, Inc. (a) |
30,146 | 396,118 | ||||||
|
|
|||||||
3,460,140 | ||||||||
|
|
|||||||
Hotel & Resort REITs1.7% | ||||||||
Apple Hospitality REIT, Inc. |
144,774 | 2,220,833 | ||||||
DiamondRock Hospitality Co. |
61,744 | 495,804 | ||||||
RLJ Lodging Trust |
113,928 | 1,115,355 | ||||||
Ryman Hospitality Properties, Inc. |
22,729 | 1,892,871 | ||||||
Xenia Hotels & Resorts, Inc. |
19,557 | 230,382 | ||||||
|
|
|||||||
5,955,245 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure2.3% | ||||||||
Bloomin Brands, Inc. (b) |
33,578 | 825,683 | ||||||
Bluegreen Vacations Holding Corp. |
34,824 | 1,277,344 | ||||||
Dine Brands Global, Inc. |
16,139 | 798,074 | ||||||
Full House Resorts, Inc. (a) |
69,676 | 297,517 | ||||||
International Game Technology PLC |
22,483 | 681,685 | ||||||
Light & Wonder, Inc. (a) |
31,267 | 2,230,275 | ||||||
Marriott Vacations Worldwide Corp. |
5,813 | 584,962 | ||||||
SeaWorld Entertainment, Inc. (a) |
31,478 | 1,455,857 | ||||||
|
|
|||||||
8,151,397 | ||||||||
|
|
|||||||
Household Durables3.2% | ||||||||
GoPro, Inc. - Class A (a) |
231,314 | 726,326 | ||||||
M/I Homes, Inc. (a) |
36,453 | 3,063,510 | ||||||
Meritage Homes Corp. |
28,032 | 3,430,836 | ||||||
Taylor Morrison Home Corp. (a) |
63,223 | 2,693,932 | ||||||
Tri Pointe Homes, Inc. (a) |
56,505 | 1,545,412 | ||||||
|
|
|||||||
11,460,016 | ||||||||
|
|
|||||||
Household Products0.7% | ||||||||
Central Garden & Pet Co. (Non-Voting Shares) - Class A (a) |
63,448 | 2,543,630 | ||||||
|
|
|||||||
Independent Power and Renewable Electricity Producers0.3% | ||||||||
Clearway Energy, Inc. - Class A |
26,939 | 536,625 | ||||||
Clearway Energy, Inc. - Class C |
33,773 | 714,637 | ||||||
|
|
|||||||
1,251,262 | ||||||||
|
|
|||||||
Industrial REITs1.5% | ||||||||
First Industrial Realty Trust, Inc. |
7,890 | 375,485 |
BHFTI-209
Table of Contents
Brighthouse Funds Trust I
JPMorgan Small Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares |
Value | ||||||
Industrial REITs(Continued) | ||||||||
Innovative Industrial Properties, Inc. |
5,837 | $ | 441,627 | |||||
LXP Industrial Trust |
87,475 | 778,528 | ||||||
Plymouth Industrial REIT, Inc. |
34,429 | 721,288 | ||||||
STAG Industrial, Inc. |
52,820 | 1,822,818 | ||||||
Terreno Realty Corp. |
21,264 | 1,207,795 | ||||||
|
|
|||||||
5,347,541 | ||||||||
|
|
|||||||
Insurance1.1% | ||||||||
American Equity Investment Life Holding Co. |
24,041 | 1,289,559 | ||||||
CNO Financial Group, Inc. |
17,218 | 408,583 | ||||||
Employers Holdings, Inc. |
7,992 | 319,280 | ||||||
James River Group Holdings Ltd. |
26,454 | 406,069 | ||||||
RLI Corp. |
8,498 | 1,154,793 | ||||||
Skyward Specialty Insurance Group, Inc. (a)(b) |
11,971 | 327,527 | ||||||
|
|
|||||||
3,905,811 | ||||||||
|
|
|||||||
Interactive Media & Services0.2% | ||||||||
Cars.com, Inc. (a) |
16,997 | 286,570 | ||||||
QuinStreet, Inc. (a) |
37,620 | 337,451 | ||||||
|
|
|||||||
624,021 | ||||||||
|
|
|||||||
IT Services0.4% | ||||||||
Information Services Group, Inc. |
217,254 | 951,572 | ||||||
Unisys Corp. (a) |
190,319 | 656,601 | ||||||
|
|
|||||||
1,608,173 | ||||||||
|
|
|||||||
Leisure Products0.3% | ||||||||
Topgolf Callaway Brands Corp. (a)(b) |
91,379 | 1,264,685 | ||||||
|
|
|||||||
Life Sciences Tools & Services0.2% | ||||||||
Pacific Biosciences of California, Inc. (a)(b) |
71,919 | 600,524 | ||||||
|
|
|||||||
Machinery1.5% | ||||||||
3D Systems Corp. (a) |
62,108 | 304,950 | ||||||
AGCO Corp. |
12,568 | 1,486,543 | ||||||
Albany International Corp. - Class A |
2,353 | 203,017 | ||||||
EnPro Industries, Inc. |
3,183 | 385,748 | ||||||
Luxfer Holdings PLC |
7,447 | 97,183 | ||||||
Mueller Industries, Inc. (b) |
27,497 | 2,066,675 | ||||||
Terex Corp. |
16,250 | 936,325 | ||||||
|
|
|||||||
5,480,441 | ||||||||
|
|
|||||||
Marine Transportation0.5% | ||||||||
Matson, Inc. |
19,046 | 1,689,761 | ||||||
Safe Bulkers, Inc. |
54,230 | 175,705 | ||||||
|
|
|||||||
1,865,466 | ||||||||
|
|
|||||||
Media0.8% | ||||||||
AMC Networks, Inc. - Class A (a) |
32,831 | 386,749 | ||||||
Entravision Communications Corp. - Class A |
146,599 | 535,086 | ||||||
Gray Television, Inc. |
117,388 | 812,325 | ||||||
John Wiley & Sons, Inc. - Class A |
5,146 | 191,277 | ||||||
Magnite, Inc. (a)(b) |
70,702 | 533,093 | ||||||
Thryv Holdings, Inc. (a) |
24,084 | 452,057 | ||||||
|
|
|||||||
2,910,587 | ||||||||
|
|
|||||||
Metals & Mining2.3% | ||||||||
Alpha Metallurgical Resources, Inc. |
6,918 | 1,796,812 | ||||||
Arch Resources, Inc. |
5,505 | 939,483 | ||||||
Commercial Metals Co. |
63,515 | 3,138,276 | ||||||
Constellium SE (a) |
39,792 | 724,215 | ||||||
Olympic Steel, Inc. |
3,516 | 197,634 | ||||||
Ryerson Holding Corp. |
20,402 | 593,494 | ||||||
Schnitzer Steel Industries, Inc. - Class A |
16,582 | 461,809 | ||||||
SunCoke Energy, Inc. |
32,964 | 334,585 | ||||||
Warrior Met Coal, Inc. |
4,900 | 250,292 | ||||||
|
|
|||||||
8,436,600 | ||||||||
|
|
|||||||
Mortgage Real Estate Investment Trusts1.8% | ||||||||
Blackstone Mortgage Trust, Inc. - Class A (b) |
26,476 | 575,853 | ||||||
BrightSpire Capital, Inc. |
37,500 | 234,750 | ||||||
Dynex Capital, Inc. (b) |
46,661 | 557,132 | ||||||
Ellington Financial, Inc. (b) |
7,011 | 87,427 | ||||||
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (b) |
7,222 | 153,107 | ||||||
KKR Real Estate Finance Trust, Inc. |
31,122 | 369,418 | ||||||
Ladder Capital Corp. |
87,250 | 895,185 | ||||||
MFA Financial, Inc. |
237,994 | 2,287,123 | ||||||
PennyMac Mortgage Investment Trust (b) |
84,190 | 1,043,956 | ||||||
Ready Capital Corp. (b) |
21,703 | 219,417 | ||||||
|
|
|||||||
6,423,368 | ||||||||
|
|
|||||||
Multi-Utilities0.6% | ||||||||
Black Hills Corp. |
2,377 | 120,252 | ||||||
NorthWestern Corp. |
18,326 | 880,748 | ||||||
Unitil Corp. |
28,835 | 1,231,543 | ||||||
|
|
|||||||
2,232,543 | ||||||||
|
|
|||||||
Office REITs1.1% | ||||||||
Brandywine Realty Trust |
127,546 | 579,059 | ||||||
Corporate Office Properties Trust (b) |
71,947 | 1,714,497 | ||||||
Equity Commonwealth |
23,829 | 437,739 | ||||||
Piedmont Office Realty Trust, Inc. - Class A |
88,042 | 494,796 | ||||||
SL Green Realty Corp. (b) |
16,400 | 611,720 | ||||||
|
|
|||||||
3,837,811 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels7.0% | ||||||||
Berry Corp. |
8,083 | 66,281 | ||||||
California Resources Corp. |
38,318 | 2,146,191 | ||||||
Chord Energy Corp. |
13,907 | 2,253,908 | ||||||
Civitas Resources, Inc. |
10,998 | 889,408 | ||||||
CNX Resources Corp. (a)(b) |
50,447 | 1,139,093 | ||||||
CONSOL Energy, Inc. |
3,800 | 398,658 | ||||||
CVR Energy, Inc. (b) |
29,497 | 1,003,783 | ||||||
Delek U.S. Holdings, Inc. |
4,324 | 122,845 | ||||||
Dorian LPG Ltd. |
45,870 | 1,317,845 | ||||||
Green Plains, Inc. (a) |
21,493 | 646,939 | ||||||
Gulfport Energy Corp. (a) |
9,539 | 1,131,898 | ||||||
International Seaways, Inc. |
24,942 | 1,122,390 | ||||||
Magnolia Oil & Gas Corp. - Class A (b) |
7,900 | 180,989 | ||||||
Matador Resources Co. |
37,040 | 2,203,139 | ||||||
Murphy Oil Corp. |
53,898 | 2,444,274 | ||||||
Ovintiv, Inc. |
26,526 | 1,261,842 | ||||||
Par Pacific Holdings, Inc. (a) |
8,997 | 323,352 |
BHFTI-210
Table of Contents
Brighthouse Funds Trust I
JPMorgan Small Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares |
Value | ||||||
Oil, Gas & Consumable Fuels(Continued) | ||||||||
PBF Energy, Inc. - Class A |
18,042 | $ | 965,788 | |||||
Peabody Energy Corp. (b) |
36,427 | 946,738 | ||||||
REX American Resources Corp. (a) |
5,260 | 214,187 | ||||||
SM Energy Co. |
74,915 | 2,970,380 | ||||||
Teekay Tankers Ltd. - Class A |
17,105 | 712,081 | ||||||
World Kinect Corp. |
28,320 | 635,218 | ||||||
|
|
|||||||
25,097,227 | ||||||||
|
|
|||||||
Paper & Forest Products0.0% | ||||||||
Louisiana-Pacific Corp. |
3,211 | 177,472 | ||||||
|
|
|||||||
Passenger Airlines0.8% | ||||||||
Hawaiian Holdings, Inc. (a)(b) |
91,461 | 578,948 | ||||||
Joby Aviation, Inc. (a)(b) |
56,300 | 363,135 | ||||||
SkyWest, Inc. (a) |
47,345 | 1,985,649 | ||||||
|
|
|||||||
2,927,732 | ||||||||
|
|
|||||||
Personal Care Products0.6% | ||||||||
BellRing Brands, Inc. (a) |
8,080 | 333,138 | ||||||
Edgewell Personal Care Co. |
24,077 | 889,886 | ||||||
Herbalife Ltd. (a)(b) |
69,629 | 974,110 | ||||||
|
|
|||||||
2,197,134 | ||||||||
|
|
|||||||
Pharmaceuticals0.4% | ||||||||
ANI Pharmaceuticals, Inc. (a) |
8,734 | 507,096 | ||||||
Intra-Cellular Therapies, Inc. (a) |
14,312 | 745,512 | ||||||
NGM Biopharmaceuticals, Inc. (a) |
51,904 | 55,537 | ||||||
|
|
|||||||
1,308,145 | ||||||||
|
|
|||||||
Professional Services0.3% | ||||||||
Heidrick & Struggles International, Inc. |
19,622 | 490,942 | ||||||
KBR, Inc. |
9,023 | 531,816 | ||||||
|
|
|||||||
1,022,758 | ||||||||
|
|
|||||||
Real Estate Management & Development0.7% | ||||||||
Forestar Group, Inc. (a) |
93,340 | 2,514,580 | ||||||
|
|
|||||||
Residential REITs0.3% | ||||||||
Independence Realty Trust, Inc. |
26,282 | 369,788 | ||||||
UMH Properties, Inc. |
26,876 | 376,801 | ||||||
Veris Residential, Inc. |
24,600 | 405,900 | ||||||
|
|
|||||||
1,152,489 | ||||||||
|
|
|||||||
Retail REITs2.5% | ||||||||
Agree Realty Corp. |
54,856 | 3,030,245 | ||||||
Kite Realty Group Trust |
94,155 | 2,016,800 | ||||||
Phillips Edison & Co., Inc. |
14,589 | 489,315 | ||||||
Regency Centers Corp. |
2,776 | 165,005 | ||||||
Retail Opportunity Investments Corp. |
158,354 | 1,960,423 | ||||||
RPT Realty |
43,438 | 458,705 | ||||||
SITE Centers Corp. |
85,096 | 1,049,234 | ||||||
|
|
|||||||
9,169,727 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment2.2% | ||||||||
ACM Research, Inc. - Class A (a) |
99,131 | 1,794,767 | ||||||
Cohu, Inc. (a) |
33,269 | 1,145,784 | ||||||
Photronics, Inc. (a) |
85,330 | 1,724,519 | ||||||
Synaptics, Inc. (a) |
25,671 | 2,296,014 | ||||||
Veeco Instruments, Inc. (a)(b) |
28,615 | 804,368 | ||||||
|
|
|||||||
7,765,452 | ||||||||
|
|
|||||||
Software2.0% | ||||||||
Adeia, Inc. |
78,608 | 839,533 | ||||||
C3.ai, Inc. - Class A (a)(b) |
6,598 | 168,381 | ||||||
E2open Parent Holdings, Inc. (a) |
194,534 | 883,184 | ||||||
LiveRamp Holdings, Inc. (a) |
96,584 | 2,785,483 | ||||||
Marathon Digital Holdings, Inc. (a)(b) |
22,621 | 192,279 | ||||||
ON24, Inc. |
87,809 | 555,831 | ||||||
Riot Platforms, Inc. (a)(b) |
67,470 | 629,495 | ||||||
Verint Systems, Inc. (a) |
31,292 | 719,403 | ||||||
Xperi, Inc. (a) |
62,152 | 612,819 | ||||||
|
|
|||||||
7,386,408 | ||||||||
|
|
|||||||
Specialized REITs0.4% | ||||||||
PotlatchDeltic Corp. |
32,100 | 1,457,019 | ||||||
|
|
|||||||
Specialty Retail2.1% | ||||||||
Academy Sports & Outdoors, Inc. |
16,133 | 762,607 | ||||||
Asbury Automotive Group, Inc. (a) |
7,209 | 1,658,575 | ||||||
Group 1 Automotive, Inc. |
8,477 | 2,277,855 | ||||||
ODP Corp. (a) |
27,350 | 1,262,202 | ||||||
Sally Beauty Holdings, Inc. (a) |
61,677 | 516,853 | ||||||
Signet Jewelers Ltd. (b) |
14,666 | 1,053,165 | ||||||
|
|
|||||||
7,531,257 | ||||||||
|
|
|||||||
Technology Hardware, Storage & Peripherals0.4% | ||||||||
Avid Technology, Inc. (a) |
49,025 | 1,317,302 | ||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods0.3% | ||||||||
G-III Apparel Group Ltd. (a) |
44,431 | 1,107,220 | ||||||
|
|
|||||||
Trading Companies & Distributors4.8% | ||||||||
Beacon Roofing Supply, Inc. (a) |
40,536 | 3,128,163 | ||||||
BlueLinx Holdings, Inc. (a) |
10,950 | 898,885 | ||||||
Boise Cascade Co. |
15,366 | 1,583,313 | ||||||
GATX Corp. |
3,405 | 370,566 | ||||||
GMS, Inc. (a) |
18,929 | 1,210,888 | ||||||
MRC Global, Inc. (a) |
90,626 | 928,916 | ||||||
NOW, Inc. (a) |
179,742 | 2,133,537 | ||||||
Rush Enterprises, Inc. - Class A |
101,755 | 4,154,657 | ||||||
Titan Machinery, Inc. (a) |
13,979 | 371,562 | ||||||
Veritiv Corp. |
2,381 | 402,151 | ||||||
WESCO International, Inc. (b) |
13,980 | 2,010,604 | ||||||
|
|
|||||||
17,193,242 | ||||||||
|
|
|||||||
Water Utilities0.3% | ||||||||
American States Water Co. |
11,682 | 919,140 | ||||||
|
|
BHFTI-211
Table of Contents
Brighthouse Funds Trust I
JPMorgan Small Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares/ Principal Amount* |
Value | ||||||
Wireless Telecommunication Services0.2% | ||||||||
Gogo, Inc. (a) |
50,712 | $ | 604,994 | |||||
|
|
|||||||
Total Common Stocks |
350,749,310 | |||||||
|
|
|||||||
Short-Term Investment2.2% |
| |||||||
Repurchase Agreement2.2% | ||||||||
Fixed Income Clearing Corp. |
7,825,160 | 7,825,160 | ||||||
|
|
|||||||
Total Short-Term Investments |
7,825,160 | |||||||
|
|
|||||||
Securities Lending Reinvestments (c)2.2% |
| |||||||
Repurchase Agreements0.9% | ||||||||
Cantor Fitzgerald & Co. |
1,000,000 | 1,000,000 | ||||||
Citigroup Global Markets, Inc. |
100,000 | 100,000 | ||||||
ING Financial Markets LLC |
935,873 | 935,873 | ||||||
National Bank of Canada |
200,000 | 200,000 | ||||||
NBC Global Finance Ltd. |
1,000,000 | 1,000,000 | ||||||
Repurchase Agreements(Continued) | ||||||||
Societe Generale |
65,644 | 65,644 | ||||||
TD Prime Services LLC |
150,000 | 150,000 | ||||||
|
|
|||||||
3,451,517 | ||||||||
|
|
|||||||
Mutual Funds1.3% | ||||||||
Allspring Government Money Market Fund, |
700,000 | 700,000 | ||||||
Fidelity Investments Money Market Government Portfolio, |
700,000 | 700,000 | ||||||
Goldman Sachs Financial Square Government Fund, |
700,000 | 700,000 | ||||||
HSBC U.S. Government Money Market Fund, |
100,000 | 100,000 | ||||||
RBC U.S. Government Money Market Fund, |
700,000 | 700,000 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (d) |
700,000 | 700,000 | ||||||
Western Asset Institutional Government Reserves Fund, Institutional Class 5.250% (d) |
1,000,000 | 1,000,000 | ||||||
|
|
|||||||
4,600,000 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
8,051,517 | |||||||
|
|
|||||||
Total Investments101.8% |
366,625,987 | |||||||
Other assets and liabilities (net)(1.8)% |
(6,481,724 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 360,144,263 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
(a) | Non-income producing security. | |||
(b) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $25,906,696 and the collateral received consisted of cash in the amount of $8,051,517 and non-cash collateral with a value of $19,038,233. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third- party custodian, and cannot be sold or repledged by the Portfolio. | |||
(c) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(d) | The rate shown represents the annualized seven-day yield as of September 30, 2023. |
BHFTI-212
Table of Contents
Brighthouse Funds Trust I
JPMorgan Small Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Futures Contracts
Futures ContractsLong |
Expiration Date |
Number of Contracts |
Notional Amount |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
Russell 2000 Index E-Mini Futures |
12/15/23 | 94 | USD | 8,453,420 | $ | (299,200 | ) | |||||||||||||
|
|
Glossary of Abbreviations
Currencies
(USD) | United States Dollar |
Other Abbreviations
(REIT) | Real Estate Investment Trust |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Total Common Stocks* |
$ | 350,749,310 | $ | | $ | | $ | 350,749,310 | ||||||||
Total Short-Term Investment* |
| 7,825,160 | | 7,825,160 | ||||||||||||
Securities Lending Reinvestments |
| |||||||||||||||
Repurchase Agreements |
| 3,451,517 | | 3,451,517 | ||||||||||||
Mutual Funds |
4,600,000 | | | 4,600,000 | ||||||||||||
Total Securities Lending Reinvestments |
4,600,000 | 3,451,517 | | 8,051,517 | ||||||||||||
Total Investments |
$ | 355,349,310 | $ | 11,276,677 | $ | | $ | 366,625,987 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (8,051,517 | ) | $ | | $ | (8,051,517 | ) | ||||||
Futures Contracts |
| |||||||||||||||
Futures Contracts (Unrealized Depreciation) |
$ | (299,200 | ) | $ | | $ | | $ | (299,200 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
BHFTI-213
Table of Contents
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks67.5% of Net Assets
Security Description | Shares |
Value | ||||||
Banks2.4% | ||||||||
JPMorgan Chase & Co. |
40,505 | $ | 5,874,035 | |||||
Zions Bancorp NA |
78,461 | 2,737,504 | ||||||
|
|
|||||||
8,611,539 | ||||||||
|
|
|||||||
Broadline Retail3.3% | ||||||||
Amazon.com, Inc. (a) |
91,514 | 11,633,260 | ||||||
|
|
|||||||
Building Products0.6% | ||||||||
Trane Technologies PLC |
10,890 | 2,209,690 | ||||||
|
|
|||||||
Capital Markets6.6% | ||||||||
BlackRock, Inc. |
9,283 | 6,001,367 | ||||||
Goldman Sachs Group, Inc. |
13,439 | 4,348,457 | ||||||
London Stock Exchange Group PLC |
27,762 | 2,786,941 | ||||||
S&P Global, Inc. |
28,262 | 10,327,217 | ||||||
|
|
|||||||
23,463,982 | ||||||||
|
|
|||||||
Chemicals2.8% | ||||||||
Linde PLC |
26,789 | 9,974,884 | ||||||
|
|
|||||||
Construction & Engineering1.0% | ||||||||
Vinci SA |
31,575 | 3,495,566 | ||||||
|
|
|||||||
Consumer Staples Distribution & Retail2.1% | ||||||||
Costco Wholesale Corp. |
13,240 | 7,480,070 | ||||||
|
|
|||||||
Electrical Equipment0.5% | ||||||||
Schneider Electric SE |
10,764 | 1,774,583 | ||||||
|
|
|||||||
Electronic Equipment, Instruments & Components0.8% | ||||||||
Halma PLC |
116,000 | 2,725,277 | ||||||
|
|
|||||||
Financial Services2.9% | ||||||||
Mastercard, Inc. - Class A |
26,120 | 10,341,169 | ||||||
|
|
|||||||
Health Care Providers & Services2.7% | ||||||||
UnitedHealth Group, Inc. |
18,853 | 9,505,494 | ||||||
|
|
|||||||
Hotels, Restaurants & Leisure2.6% | ||||||||
Airbnb, Inc. - Class A (a) (b) |
68,021 | 9,333,161 | ||||||
|
|
|||||||
Interactive Media & Services3.3% | ||||||||
Alphabet, Inc. - Class A (a) |
89,656 | 11,732,384 | ||||||
|
|
|||||||
IT Services4.4% | ||||||||
Accenture PLC - Class A |
30,807 | 9,461,138 | ||||||
Nomura Research Institute Ltd. |
236,300 | 6,149,463 | ||||||
|
|
|||||||
15,610,601 | ||||||||
|
|
|||||||
Life Sciences Tools & Services5.4% | ||||||||
Danaher Corp. |
31,707 | 7,866,507 | ||||||
IQVIA Holdings, Inc. (a) |
30,202 | 5,942,243 | ||||||
Mettler-Toledo International, Inc. (a) |
4,799 | 5,317,628 | ||||||
|
|
|||||||
19,126,378 | ||||||||
|
|
|||||||
Machinery5.8% | ||||||||
Atlas Copco AB - A Shares |
633,619 | 8,489,149 | ||||||
Cummins, Inc. |
28,092 | 6,417,898 | ||||||
Parker-Hannifin Corp. |
14,881 | 5,796,447 | ||||||
|
|
|||||||
20,703,494 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels1.1% | ||||||||
Diamondback Energy, Inc. (b) |
25,873 | 4,007,210 | ||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment6.8% | ||||||||
ASML Holding NV |
14,982 | 8,798,017 | ||||||
NVIDIA Corp. |
14,604 | 6,352,594 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. |
342,000 | 5,550,007 | ||||||
Texas Instruments, Inc. |
22,730 | 3,614,297 | ||||||
|
|
|||||||
24,314,915 | ||||||||
|
|
|||||||
Software5.5% | ||||||||
Adobe, Inc. (a) |
10,083 | 5,141,322 | ||||||
Roper Technologies, Inc. |
15,655 | 7,581,404 | ||||||
Salesforce, Inc. (a) |
34,253 | 6,945,823 | ||||||
|
|
|||||||
19,668,549 | ||||||||
|
|
|||||||
Specialty Retail3.5% | ||||||||
Home Depot, Inc. |
26,216 | 7,921,427 | ||||||
OReilly Automotive, Inc. (a) (b) |
4,922 | 4,473,409 | ||||||
|
|
|||||||
12,394,836 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods3.4% | ||||||||
LVMH Moet Hennessy Louis Vuitton SE |
9,169 | 6,917,339 | ||||||
NIKE, Inc.Class B |
56,154 | 5,369,445 | ||||||
|
|
|||||||
12,286,784 | ||||||||
|
|
|||||||
Total Common Stocks |
240,393,826 | |||||||
|
|
|||||||
Corporate Bonds & Notes18.5% |
| |||||||
Aerospace/Defense0.1% | ||||||||
Embraer Netherlands Finance BV |
200,000 | 198,391 | ||||||
TransDigm, Inc. |
55,000 | 54,042 | ||||||
6.750%, 08/15/28 (144A) |
30,000 | 29,535 | ||||||
|
|
|||||||
281,968 | ||||||||
|
|
|||||||
Airlines0.2% | ||||||||
Air Canada Pass-Through Trust |
171,120 | 149,706 | ||||||
4.125%, 12/15/27 (144A) |
115,929 | 104,135 | ||||||
American Airlines Pass-Through Trust |
59,336 | 56,345 | ||||||
3.750%, 10/15/25 |
128,473 | 120,478 | ||||||
4.950%, 02/15/25 |
72,250 | 69,997 |
BHFTI-214
Table of Contents
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Airlines(Continued) | ||||||||
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd. |
112,000 | $ | 110,970 | |||||
United Airlines Pass-Through Trust |
52,894 | 49,846 | ||||||
5.875%, 10/15/27 |
177,537 | 176,020 | ||||||
|
|
|||||||
837,497 | ||||||||
|
|
|||||||
Auto Manufacturers0.6% | ||||||||
Allison Transmission, Inc. |
105,000 | 96,899 | ||||||
General Motors Co. |
245,000 | 190,492 | ||||||
6.250%, 10/02/43 |
55,000 | 49,277 | ||||||
General Motors Financial Co., Inc. |
70,000 | 54,158 | ||||||
6.400%, 01/09/33 (b) |
235,000 | 229,502 | ||||||
General Motors Financial of Canada Ltd. |
110,000 | 80,807 | ||||||
Hyundai Capital America |
350,000 | 337,509 | ||||||
2.650%, 02/10/25 (144A) |
110,000 | 105,053 | ||||||
2.750%, 09/27/26 (144A) |
500,000 | 455,853 | ||||||
6.375%, 04/08/30 (144A) |
175,000 | 174,811 | ||||||
Kia Corp. |
200,000 | 176,841 | ||||||
Toyota Motor Corp. |
240,000 | 234,149 | ||||||
|
|
|||||||
2,185,351 | ||||||||
|
|
|||||||
Auto Parts & Equipment0.0% | ||||||||
Aptiv PLC |
100,000 | 93,146 | ||||||
|
|
|||||||
Banks2.4% | ||||||||
ANZ New Zealand International Ltd. |
375,000 | 332,968 | ||||||
Banco de Chile |
200,000 | 163,394 | ||||||
Banco Santander Chile |
250,000 | 207,306 | ||||||
Banco Santander SA |
200,000 | 174,880 | ||||||
Bank of America Corp. |
102,000 | 74,223 | ||||||
Bank of Montreal |
500,000 | 445,819 | ||||||
Barclays PLC |
225,000 | 216,617 | ||||||
BNP Paribas SA |
355,000 | 336,576 | ||||||
CaixaBank SA |
100,000 | 105,915 | ||||||
Credit Agricole SA |
200,000 | 193,260 | ||||||
Banks(Continued) | ||||||||
Deutsche Bank AG |
| |||||||
2.552%, SOFR + 1.318%, 01/07/28 (b) (c) |
170,000 | 148,352 | ||||||
3.729%, SOFR + 2.757%, 01/14/32 (c) |
404,000 | 300,735 | ||||||
DNB Bank ASA |
410,000 | 361,984 | ||||||
ING Groep NV |
205,000 | 188,429 | ||||||
Kookmin Bank |
315,000 | 283,322 | ||||||
Lloyds Banking Group PLC |
200,000 | 196,106 | ||||||
Macquarie Group Ltd. |
425,000 | 371,279 | ||||||
2.871%, SOFR + 1.532%, 01/14/33 (144A) (c) |
505,000 | 381,678 | ||||||
Mitsubishi UFJ Financial Group, Inc. |
300,000 | 264,508 | ||||||
2.341%, 1Y H15 + 0.830%, 01/19/28 (c) |
245,000 | 217,942 | ||||||
Mizuho Financial Group, Inc. |
205,000 | 155,149 | ||||||
Santander Holdings USA, Inc. |
100,000 | 95,110 | ||||||
Societe Generale SA |
260,000 | 248,691 | ||||||
Standard Chartered PLC |
250,000 | 260,068 | ||||||
3.971%, 1Y H15 + 1.650%, 03/30/26 (144A) (c) |
200,000 | 192,528 | ||||||
Sumitomo Mitsui Financial Group, Inc. |
310,000 | 272,622 | ||||||
5.766%, 01/13/33 |
200,000 | 195,463 | ||||||
Swedbank AB |
200,000 | 199,184 | ||||||
Toronto-Dominion Bank |
730,000 | 650,206 | ||||||
UBS Group AG |
250,000 | 232,515 | ||||||
3.091%, SOFR + 1.730%, 05/14/32 (144A) (c) |
260,000 | 205,361 | ||||||
9.016%, SOFR + 5.020%, 11/15/33 (144A) (c) |
250,000 | 288,704 | ||||||
UniCredit SpA |
325,000 | 306,160 | ||||||
Westpac Banking Corp. |
400,000 | 338,467 | ||||||
|
|
|||||||
8,605,521 | ||||||||
|
|
|||||||
Beverages0.1% | ||||||||
Anheuser-Busch InBev SA |
345,000 | 295,822 | ||||||
Diageo Capital PLC |
200,000 | 154,581 | ||||||
|
|
|||||||
450,403 | ||||||||
|
|
|||||||
Building Materials0.2% | ||||||||
Cemex SAB de CV |
600,000 | 502,569 | ||||||
JELD-WEN, Inc. |
75,000 | 66,178 |
BHFTI-215
Table of Contents
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Building Materials(Continued) | ||||||||
Masco Corp. |
8,000 | $ | 8,059 | |||||
7.750%, 08/01/29 |
94,000 | 101,918 | ||||||
|
|
|||||||
678,724 | ||||||||
|
|
|||||||
Chemicals0.3% | ||||||||
Albemarle Corp. |
200,000 | 181,445 | ||||||
Ashland, Inc. |
55,000 | 42,770 | ||||||
Braskem Netherlands Finance BV |
200,000 | 176,896 | ||||||
4.500%, 01/31/30 |
200,000 | 163,006 | ||||||
Celanese U.S. Holdings LLC |
40,000 | 39,208 | ||||||
6.379%, 07/15/32 |
30,000 | 28,906 | ||||||
6.700%, 11/15/33 |
25,000 | 24,335 | ||||||
Orbia Advance Corp. SAB de CV |
210,000 | 186,999 | ||||||
4.000%, 10/04/27 |
200,000 | 183,728 | ||||||
|
|
|||||||
1,027,293 | ||||||||
|
|
|||||||
Commercial Services0.0% | ||||||||
Block, Inc. |
55,000 | 43,206 | ||||||
Gartner, Inc. |
10,000 | 8,555 | ||||||
TriNet Group, Inc. |
30,000 | 25,265 | ||||||
|
|
|||||||
77,026 | ||||||||
|
|
|||||||
Computers0.0% | ||||||||
Seagate HDD Cayman |
10,000 | 8,627 | ||||||
9.625%, 12/01/32 (144A) |
7,650 | 8,243 | ||||||
Western Digital Corp. |
10,000 | 8,028 | ||||||
3.100%, 02/01/32 |
10,000 | 7,364 | ||||||
|
|
|||||||
32,262 | ||||||||
|
|
|||||||
Diversified Financial Services1.5% | ||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust |
160,000 | 137,197 | ||||||
3.300%, 01/30/32 |
260,000 | 206,677 | ||||||
Aircastle Ltd. |
35,000 | 27,522 | ||||||
Ally Financial, Inc. |
125,000 | 85,780 | ||||||
4.700%, 7Y H15 + 3.481%, 05/15/28 (c) |
150,000 | 93,929 | ||||||
Brookfield Finance I U.K. PLC/Brookfield Finance, Inc. |
175,000 | 131,353 | ||||||
Brookfield Finance, Inc. |
185,000 | 170,395 | ||||||
Diversified Financial Services(Continued) | ||||||||
Nationstar Mortgage Holdings, Inc. |
55,000 | 44,656 | ||||||
5.500%, 08/15/28 (144A) |
110,000 | 97,027 | ||||||
Nomura Holdings, Inc. |
245,000 | 204,926 | ||||||
OneMain Finance Corp. |
305,000 | 261,156 | ||||||
4.000%, 09/15/30 |
50,000 | 37,518 | ||||||
5.375%, 11/15/29 |
20,000 | 16,750 | ||||||
8.250%, 10/01/23 |
65,000 | 65,000 | ||||||
Power Finance Corp. Ltd. |
200,000 | 173,764 | ||||||
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc. |
1,270,000 | 1,118,476 | ||||||
3.625%, 03/01/29 (144A) (b) |
365,000 | 301,758 | ||||||
3.625%, 03/01/29 |
720,000 | 595,249 | ||||||
3.875%, 03/01/31 (144A) |
1,330,000 | 1,060,502 | ||||||
4.000%, 10/15/33 (144A) |
370,000 | 279,418 | ||||||
Shriram Finance Ltd. |
245,000 | 241,448 | ||||||
Unifin Financiera SAB de CV |
245,000 | 2,940 | ||||||
9.875%, 01/28/29 (d) |
250,000 | 4,938 | ||||||
|
|
|||||||
5,358,379 | ||||||||
|
|
|||||||
Electric0.6% | ||||||||
AES Corp. |
20,000 | 17,238 | ||||||
CEZ AS |
175,000 | 164,828 | ||||||
3.000%, 06/05/28 (EUR) |
125,000 | 123,860 | ||||||
Colbun SA |
295,000 | 246,165 | ||||||
EDP Finance BV |
205,000 | 172,873 | ||||||
Electricite de France SA |
200,000 | 162,588 | ||||||
Empresas Publicas de Medellin ESP |
200,000 | 160,487 | ||||||
Enel Chile SA |
110,000 | 104,630 | ||||||
Engie Energia Chile SA |
305,000 | 253,680 | ||||||
Engie SA |
200,000 | 123,103 | ||||||
Korea East-West Power Co. Ltd. |
200,000 | 187,620 | ||||||
Naturgy Finance BV |
200,000 | 191,573 | ||||||
Orsted AS |
215,000 | 233,559 | ||||||
Pacific Gas & Electric Co. |
35,000 | 33,685 | ||||||
|
|
|||||||
2,175,889 | ||||||||
|
|
BHFTI-216
Table of Contents
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Engineering & Construction0.2% | ||||||||
Cellnex Telecom SA |
400,000 | $ | 343,069 | |||||
Fraport AG Frankfurt Airport Services Worldwide |
355,000 | 336,561 | ||||||
Sydney Airport Finance Co. Pty. Ltd. |
40,000 | 38,391 | ||||||
TopBuild Corp. |
40,000 | 32,474 | ||||||
|
|
|||||||
750,495 | ||||||||
|
|
|||||||
Entertainment0.2% | ||||||||
Everi Holdings, Inc. |
10,000 | 8,607 | ||||||
Light & Wonder International, Inc. |
160,000 | 157,266 | ||||||
7.250%, 11/15/29 (144A) |
60,000 | 58,800 | ||||||
7.500%, 09/01/31 (144A) |
30,000 | 29,650 | ||||||
Warnermedia Holdings, Inc. |
320,000 | 271,622 | ||||||
|
|
|||||||
525,945 | ||||||||
|
|
|||||||
Environmental Control0.1% | ||||||||
Covanta Holding Corp. |
230,000 | 188,692 | ||||||
|
|
|||||||
Food0.2% | ||||||||
Fonterra Co.-operative Group Ltd. |
500,000 | 322,360 | ||||||
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. |
85,000 | 68,088 | ||||||
Pilgrims Pride Corp. |
125,000 | 96,663 | ||||||
4.250%, 04/15/31 |
40,000 | 33,368 | ||||||
Post Holdings, Inc. |
105,000 | 87,391 | ||||||
Sigma Alimentos SA de CV |
200,000 | 189,956 | ||||||
|
|
|||||||
797,826 | ||||||||
|
|
|||||||
Forest Products & Paper0.2% | ||||||||
Celulosa Arauco y Constitucion SA |
200,000 | 195,830 | ||||||
Suzano Austria GmbH |
255,000 | 211,875 | ||||||
3.125%, 01/15/32 |
125,000 | 96,001 | ||||||
3.750%, 01/15/31 |
60,000 | 49,318 | ||||||
|
|
|||||||
553,024 | ||||||||
|
|
|||||||
Healthcare-Products0.0% | ||||||||
DH Europe Finance II Sarl |
140,000 | 115,706 | ||||||
|
|
|||||||
Healthcare-Services0.1% | ||||||||
Centene Corp. |
275,000 | 211,260 | ||||||
2.625%, 08/01/31 |
5,000 | 3,830 | ||||||
3.000%, 10/15/30 |
185,000 | 149,223 | ||||||
Charles River Laboratories International, Inc. |
20,000 | 17,149 | ||||||
4.000%, 03/15/31 (144A) |
20,000 | 16,925 | ||||||
Molina Healthcare, Inc. |
55,000 | 44,109 | ||||||
|
|
|||||||
442,496 | ||||||||
|
|
|||||||
Holding Companies-Diversified0.1% | ||||||||
CK Hutchison International 19 Ltd. |
225,000 | 203,394 | ||||||
|
|
|||||||
Home Builders0.0% | ||||||||
Beazer Homes USA, Inc. |
120,000 | 112,599 | ||||||
|
|
|||||||
Household Products/Wares0.0% | ||||||||
Kimberly-Clark de Mexico SAB de CV |
200,000 | 163,129 | ||||||
|
|
|||||||
Insurance0.2% | ||||||||
AIA Group Ltd. |
200,000 | 193,191 | ||||||
3.600%, 04/09/29 |
200,000 | 181,825 | ||||||
3.900%, 04/06/28 (144A) |
260,000 | 244,101 | ||||||
Athene Global Funding |
100,000 | 87,372 | ||||||
|
|
|||||||
706,489 | ||||||||
|
|
|||||||
Internet1.1% | ||||||||
Alibaba Group Holding Ltd. |
240,000 | 220,658 | ||||||
Expedia Group, Inc. |
400,000 | 322,258 | ||||||
Netflix, Inc. |
265,000 | 250,878 | ||||||
5.375%, 11/15/29 (144A) |
30,000 | 29,272 | ||||||
Tencent Holdings Ltd. |
200,000 | 197,351 | ||||||
Uber Technologies, Inc. |
1,285,000 | 1,148,606 | ||||||
6.250%, 01/15/28 (144A) |
780,000 | 762,735 | ||||||
7.500%, 09/15/27 (144A) |
730,000 | 736,062 | ||||||
8.000%, 11/01/26 (144A) |
15,000 | 15,176 | ||||||
Weibo Corp. |
200,000 | 195,438 | ||||||
|
|
|||||||
3,878,434 | ||||||||
|
|
|||||||
Investment Companies0.8% | ||||||||
Ares Capital Corp. |
235,000 | 179,809 | ||||||
Barings BDC, Inc. |
60,000 | 52,643 |
BHFTI-217
Table of Contents
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Investment Companies(Continued) | ||||||||
Blue Owl Capital Corp. |
225,000 | $ | 185,012 | |||||
4.250%, 01/15/26 |
570,000 | 533,256 | ||||||
Blue Owl Technology Finance Corp. |
160,000 | 134,333 | ||||||
4.750%, 12/15/25 (144A) |
295,000 | 272,863 | ||||||
Icahn Enterprises LP/Icahn Enterprises Finance Corp. |
1,185,000 | 947,596 | ||||||
4.750%, 09/15/24 |
20,000 | 19,263 | ||||||
5.250%, 05/15/27 |
475,000 | 417,516 | ||||||
6.375%, 12/15/25 |
45,000 | 42,807 | ||||||
|
|
|||||||
2,785,098 | ||||||||
|
|
|||||||
Iron/Steel0.0% | ||||||||
ArcelorMittal SA |
95,000 | 90,542 | ||||||
|
|
|||||||
Leisure Time0.5% | ||||||||
Carnival Corp. |
95,000 | 85,996 | ||||||
7.000%, 08/15/29 (144A) |
20,000 | 19,721 | ||||||
NCL Corp. Ltd. |
425,000 | 392,378 | ||||||
5.875%, 02/15/27 (144A) |
220,000 | 209,213 | ||||||
NCL Finance Ltd. |
240,000 | 211,800 | ||||||
Royal Caribbean Cruises Ltd. |
365,000 | 334,666 | ||||||
5.500%, 04/01/28 (144A) |
450,000 | 412,646 | ||||||
|
|
|||||||
1,666,420 | ||||||||
|
|
|||||||
Lodging0.2% | ||||||||
Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Escrow,
Inc. |
70,000 | 57,066 | ||||||
5.000%, 06/01/29 (144A) |
50,000 | 43,372 | ||||||
Marriott Ownership Resorts, Inc. |
135,000 | 113,116 | ||||||
Travel & Leisure Co. |
530,000 | 444,537 | ||||||
4.625%, 03/01/30 (144A) |
55,000 | 46,284 | ||||||
|
|
|||||||
704,375 | ||||||||
|
|
|||||||
Machinery-Diversified0.0% | ||||||||
John Deere Capital Corp. |
125,000 | 120,863 | ||||||
|
|
|||||||
Media2.2% | ||||||||
CCO Holdings LLC/CCO Holdings Capital Corp. |
1,325,000 | 1,054,751 | ||||||
4.250%, 01/15/34 (144A) |
545,000 | 401,271 | ||||||
4.500%, 08/15/30 (144A) |
275,000 | 225,724 | ||||||
4.750%, 02/01/32 (144A) (b) |
135,000 | 108,000 | ||||||
5.125%, 05/01/27 (144A) |
60,000 | 55,903 | ||||||
5.500%, 05/01/26 (144A) |
25,000 | 24,148 | ||||||
Media(Continued) | ||||||||
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. |
15,000 | 10,932 | ||||||
2.800%, 04/01/31 |
30,000 | 23,396 | ||||||
3.950%, 06/30/62 (b) |
115,000 | 65,233 | ||||||
4.400%, 04/01/33 (b) |
115,000 | 97,812 | ||||||
4.400%, 12/01/61 |
635,000 | 391,222 | ||||||
CSC Holdings LLC |
1,805,000 | 1,229,994 | ||||||
4.125%, 12/01/30 (144A) |
400,000 | 283,086 | ||||||
4.500%, 11/15/31 (144A) |
405,000 | 286,651 | ||||||
4.625%, 12/01/30 (144A) |
2,495,000 | 1,326,475 | ||||||
5.375%, 02/01/28 (144A) |
200,000 | 162,822 | ||||||
6.500%, 02/01/29 (144A) |
200,000 | 165,687 | ||||||
Directv Financing LLC/Directv Financing Co.-Obligor, Inc. |
40,000 | 35,367 | ||||||
DISH DBS Corp. |
570,000 | 315,997 | ||||||
5.250%, 12/01/26 (144A) |
560,000 | 475,916 | ||||||
5.750%, 12/01/28 (144A) |
105,000 | 80,719 | ||||||
Grupo Televisa SAB |
6,000,000 | 211,390 | ||||||
iHeartCommunications, Inc. |
135,000 | 103,204 | ||||||
5.250%, 08/15/27 (144A) |
305,000 | 241,718 | ||||||
Time Warner Cable LLC |
45,000 | 31,177 | ||||||
5.500%, 09/01/41 |
30,000 | 23,467 | ||||||
Videotron Ltd. |
230,000 | 217,637 | ||||||
|
|
|||||||
7,649,699 | ||||||||
|
|
|||||||
Mining1.0% | ||||||||
Anglo American Capital PLC |
200,000 | 159,768 | ||||||
5.625%, 04/01/30 (144A) |
200,000 | 193,155 | ||||||
AngloGold Ashanti Holdings PLC |
300,000 | 252,313 | ||||||
Antofagasta PLC |
200,000 | 190,558 | ||||||
Corp. Nacional del Cobre de Chile |
285,000 | 241,459 | ||||||
Freeport-McMoRan, Inc. |
325,000 | 297,933 | ||||||
5.400%, 11/14/34 |
540,000 | 494,229 | ||||||
Glencore Funding LLC |
285,000 | 270,245 | ||||||
6.500%, 10/06/33 (144A) |
1,395,000 | 1,392,539 | ||||||
|
|
|||||||
3,492,199 | ||||||||
|
|
|||||||
Multi-National0.4% | ||||||||
International Bank for Reconstruction & Development |
1,315,000 | 875,689 | ||||||
Nordic Investment Bank |
4,930,000 | 440,151 | ||||||
|
|
|||||||
1,315,840 | ||||||||
|
|
BHFTI-218
Table of Contents
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Oil & Gas1.0% | ||||||||
Continental Resources, Inc. |
418,000 | $ | 313,019 | |||||
5.750%, 01/15/31 (144A) |
517,000 | 485,698 | ||||||
Ecopetrol SA |
325,000 | 214,162 | ||||||
Empresa Nacional del Petroleo |
205,000 | 163,684 | ||||||
EQT Corp. |
155,000 | 131,121 | ||||||
5.000%, 01/15/29 |
95,000 | 89,301 | ||||||
5.700%, 04/01/28 |
20,000 | 19,602 | ||||||
Equinor ASA |
355,000 | 273,962 | ||||||
Matador Resources Co. |
20,000 | 19,637 | ||||||
Occidental Petroleum Corp. |
285,000 | 288,776 | ||||||
7.500%, 05/01/31 |
5,000 | 5,306 | ||||||
7.875%, 09/15/31 |
140,000 | 151,494 | ||||||
8.875%, 07/15/30 |
235,000 | 264,213 | ||||||
Ovintiv, Inc. |
55,000 | 53,180 | ||||||
6.500%, 08/15/34 (b) |
105,000 | 103,411 | ||||||
6.500%, 02/01/38 |
5,000 | 4,775 | ||||||
6.625%, 08/15/37 |
25,000 | 23,984 | ||||||
7.200%, 11/01/31 |
5,000 | 5,147 | ||||||
7.375%, 11/01/31 |
10,000 | 10,478 | ||||||
8.125%, 09/15/30 |
10,000 | 10,869 | ||||||
Petroleos Mexicanos |
450,000 | 322,088 | ||||||
QatarEnergy |
305,000 | 244,199 | ||||||
Raizen Fuels Finance SA |
200,000 | 193,976 | ||||||
Southwestern Energy Co. |
30,000 | 25,749 | ||||||
|
|
|||||||
3,417,831 | ||||||||
|
|
|||||||
Packaging & Containers0.0% | ||||||||
Silgan Holdings, Inc. |
100,000 | 102,814 | ||||||
|
|
|||||||
Pharmaceuticals1.2% | ||||||||
Bausch Health Cos., Inc. |
1,025,000 | 582,903 | ||||||
5.000%, 01/30/28 (144A) |
125,000 | 50,901 | ||||||
Teva Pharmaceutical Finance Co. LLC |
250,000 | 221,693 | ||||||
Teva Pharmaceutical Finance Netherlands III BV |
495,000 | 441,179 | ||||||
4.100%, 10/01/46 |
2,080,000 | 1,302,009 | ||||||
4.750%, 05/09/27 |
750,000 | 688,150 | ||||||
7.875%, 09/15/29 |
605,000 | 612,904 | ||||||
8.125%, 09/15/31 |
430,000 | 444,857 | ||||||
|
|
|||||||
4,344,596 | ||||||||
|
|
|||||||
Pipelines0.2% | ||||||||
EnLink Midstream LLC |
10,000 | 9,700 | ||||||
EnLink Midstream Partners LP |
60,000 | 46,880 | ||||||
Hess Midstream Operations LP |
85,000 | 71,675 | ||||||
5.625%, 02/15/26 (144A) |
40,000 | 38,650 | ||||||
Targa Resources Corp. |
70,000 | 68,621 | ||||||
Targa Resources Partners LP/Targa Resources Partners Finance Corp. |
15,000 | 13,435 | ||||||
5.500%, 03/01/30 |
20,000 | 18,718 | ||||||
Venture Global Calcasieu Pass LLC |
115,000 | 89,289 | ||||||
4.125%, 08/15/31 (144A) |
55,000 | 45,134 | ||||||
Western Midstream Operating LP |
60,000 | 52,446 | ||||||
5.250%, 02/01/50 |
50,000 | 38,952 | ||||||
5.300%, 03/01/48 |
80,000 | 62,443 | ||||||
5.450%, 04/01/44 |
15,000 | 12,092 | ||||||
5.500%, 08/15/48 |
10,000 | 7,951 | ||||||
|
|
|||||||
575,986 | ||||||||
|
|
|||||||
Real Estate0.2% | ||||||||
Blackstone Property Partners Europe Holdings Sarl |
215,000 | 168,384 | ||||||
GAIF Bond Issuer Pty. Ltd. |
215,000 | 198,476 | ||||||
Heimstaden Bostad Treasury BV |
210,000 | 161,546 | ||||||
Logicor Financing Sarl |
215,000 | 171,447 | ||||||
|
|
|||||||
699,853 | ||||||||
|
|
|||||||
Real Estate Investment Trusts0.4% | ||||||||
EPR Properties |
30,000 | 22,238 | ||||||
GLP Capital LP/GLP Financing II, Inc. |
45,000 | 34,924 | ||||||
Iron Mountain, Inc. |
155,000 | 135,849 | ||||||
Prologis Euro Finance LLC |
320,000 | 291,049 | ||||||
Prologis LP |
135,000 | 136,328 | ||||||
Realty Income Corp. |
125,000 | 113,749 | ||||||
5.125%, 07/06/34 (EUR) |
100,000 | 104,801 | ||||||
SBA Communications Corp. |
175,000 | 145,963 | ||||||
VICI Properties LP/VICI Note Co., Inc. |
90,000 | 83,858 | ||||||
4.500%, 09/01/26 (144A) |
135,000 | 126,826 | ||||||
4.625%, 06/15/25 (144A) |
60,000 | 57,941 | ||||||
|
|
|||||||
1,253,526 | ||||||||
|
|
BHFTI-219
Table of Contents
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Retail0.1% | ||||||||
1011778 BC ULC/New Red Finance, Inc. |
165,000 | $ | 137,111 | |||||
Lithia Motors, Inc. |
150,000 | 126,420 | ||||||
Yum! Brands, Inc. |
200,000 | 173,484 | ||||||
|
|
|||||||
437,015 | ||||||||
|
|
|||||||
Semiconductors0.8% | ||||||||
Broadcom, Inc. |
415,000 | 324,366 | ||||||
2.600%, 02/15/33 (144A) |
380,000 | 283,360 | ||||||
3.187%, 11/15/36 (144A) |
85,000 | 61,029 | ||||||
3.419%, 04/15/33 (144A) |
680,000 | 543,902 | ||||||
3.469%, 04/15/34 (144A) |
625,000 | 490,882 | ||||||
4.150%, 04/15/32 (144A) |
330,000 | 286,379 | ||||||
Micron Technology, Inc. |
835,000 | 797,644 | ||||||
SK Hynix, Inc. |
300,000 | 225,302 | ||||||
|
|
|||||||
3,012,864 | ||||||||
|
|
|||||||
Software0.1% | ||||||||
MSCI, Inc. |
50,000 | 38,482 | ||||||
Open Text Corp. |
85,000 | 85,194 | ||||||
VMware, Inc. |
260,000 | 196,204 | ||||||
|
|
|||||||
319,880 | ||||||||
|
|
|||||||
Telecommunications0.9% | ||||||||
America Movil SAB de CV |
235,000 | 229,882 | ||||||
2.875%, 05/07/30 |
200,000 | 167,427 | ||||||
Bharti Airtel Ltd. |
305,000 | 251,436 | ||||||
CommScope Technologies LLC |
500,000 | 283,775 | ||||||
CommScope, Inc. |
990,000 | 728,189 | ||||||
KT Corp. |
210,000 | 192,827 | ||||||
MTN Mauritius Investments Ltd. |
400,000 | 389,000 | ||||||
4.755%, 11/11/24 |
200,000 | 194,500 | ||||||
Ooredoo International Finance Ltd. |
250,000 | 208,087 | ||||||
T-Mobile USA, Inc. |
355,000 | 314,520 | ||||||
Turkcell Iletisim Hizmetleri AS |
215,000 | 197,342 | ||||||
|
|
|||||||
3,156,985 | ||||||||
|
|
|||||||
Transportation0.1% | ||||||||
Canadian Pacific Railway Co. |
265,000 | 236,428 | ||||||
Rand Parent LLC |
185,000 | 171,143 | ||||||
|
|
|||||||
407,571 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
65,795,645 | |||||||
|
|
|||||||
Foreign Government7.2% |
| |||||||
Banks0.1% | ||||||||
Corp. Financiera de Desarrollo SA |
365,000 | 312,987 | ||||||
|
|
|||||||
Oil & Gas0.1% | ||||||||
Korea National Oil Corp. |
240,000 | 213,842 | ||||||
|
|
|||||||
Regional Government0.3% | ||||||||
New South Wales Treasury Corp. |
1,480,000 | 735,906 | ||||||
Province of Quebec Canada |
310,000 | 200,981 | ||||||
4.500%, 09/08/33 |
310,000 | 297,441 | ||||||
|
|
|||||||
1,234,328 | ||||||||
|
|
|||||||
Sovereign6.7% | ||||||||
Australia Government Bond |
2,225,000 | 1,288,334 | ||||||
Brazil Notas do Tesouro Nacional |
5,875,000 | 1,087,178 | ||||||
Brazilian Government International Bond |
340,000 | 317,032 | ||||||
Canada Government Bond |
915,000 | 620,853 | ||||||
Chile Government International Bond |
350,000 | 282,619 | ||||||
Colombia Government International Bonds |
200,000 | 181,878 | ||||||
7.500%, 02/02/34 |
200,000 | 188,844 | ||||||
Colombia TES |
1,305,500,000 | 294,556 | ||||||
7.500%, 08/26/26 (COP) |
4,868,600,000 | 1,097,552 | ||||||
Dominican Republic International Bonds |
235,000 | 198,856 | ||||||
4.875%, 09/23/32 (144A) |
150,000 | 121,663 | ||||||
6.000%, 07/19/28 (144A) |
200,000 | 189,682 | ||||||
8.625%, 04/20/27 (144A) |
200,000 | 205,761 | ||||||
Ecuador Government International Bond |
435,000 | 221,154 | ||||||
Export-Import Bank of India |
310,000 | 240,467 |
BHFTI-220
Table of Contents
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Foreign Government(Continued)
Security Description | Principal Amount* |
Value | ||||||
Sovereign(Continued) | ||||||||
Indonesia Government International Bonds |
200,000 | $ | 170,046 | |||||
4.125%, 01/15/25 (144A) |
200,000 | 196,617 | ||||||
Indonesia Treasury Bonds |
5,500,000,000 | 359,915 | ||||||
7.500%, 05/15/38 (IDR) |
6,358,000,000 | 431,028 | ||||||
Ireland Government Bonds |
| |||||||
Zero Coupon, 10/18/31 (EUR) |
405,000 | 332,126 | ||||||
3.400%, 03/18/24 (EUR) |
65,000 | 68,665 | ||||||
Italy Buoni Poliennali Del Tesoro |
895,000 | 787,994 | ||||||
2.000%, 02/01/28 (EUR) |
325,000 | 315,792 | ||||||
Japan Government CPI Linked Bond |
89,217,245 | 629,249 | ||||||
Japan Government Ten Year Bond |
92,300,000 | 597,059 | ||||||
Korea Treasury Bonds |
500,000,000 | 368,686 | ||||||
1.125%, 09/10/25 (KRW) |
500,000,000 | 351,581 | ||||||
Mexican Bonos |
24,011,500 | 1,235,302 | ||||||
7.500%, 06/03/27 (MXN) |
8,252,400 | 432,188 | ||||||
8.000%, 12/07/23 (MXN) |
1,835,000 | 104,512 | ||||||
8.500%, 05/31/29 (MXN) |
14,420,800 | 773,506 | ||||||
Mexico Government International Bonds |
200,000 | 156,381 | ||||||
4.000%, 03/15/15 (EUR) |
100,000 | 71,417 | ||||||
New Zealand Government Bonds |
1,150,000 | 667,417 | ||||||
1.500%, 05/15/31 (NZD) |
690,000 | 316,044 | ||||||
3.000%, 04/20/29 (NZD) |
455,000 | 243,168 | ||||||
Norway Government Bonds |
4,250,000 | 367,645 | ||||||
2.000%, 04/26/28 (144A) (NOK) |
7,595,000 | 649,132 | ||||||
3.000%, 03/14/24 (144A) (NOK) |
1,477,000 | 137,232 | ||||||
Paraguay Government International Bond |
200,000 | 184,819 | ||||||
Peruvian Government International Bonds |
125,000 | 115,988 | ||||||
3.000%, 01/15/34 (b) |
245,000 | 188,665 | ||||||
Republic of Italy Government International Bond |
280,000 | 269,447 | ||||||
Republic of Poland Government Bonds |
3,000,000 | 518,170 | ||||||
3.250%, 07/25/25 (PLN) |
1,445,000 | 321,053 | ||||||
Republic of South Africa Government Bonds |
11,655,000 | 482,974 | ||||||
8.875%, 02/28/35 (ZAR) |
5,960,000 | 248,048 | ||||||
Republic of South Africa Government International Bond |
965,000 | 636,948 | ||||||
Romania Government International Bond |
120,000 | 87,108 | ||||||
Singapore Government Bond |
1,120,000 | 787,982 | ||||||
Sovereign(Continued) | ||||||||
Spain Government Bonds |
180,000 | 184,595 | ||||||
1.950%, 07/30/30 (144A) (EUR) |
310,000 | 295,124 | ||||||
4.400%, 10/31/23 (144A) (EUR) |
525,000 | 555,167 | ||||||
Sweden Government Bonds |
4,200,000 | 311,056 | ||||||
1.500%, 11/13/23 (SEK) |
1,045,000 | 95,399 | ||||||
Turkey Government International Bond |
590,000 | 490,213 | ||||||
United Kingdom Gilt |
215,000 | 256,890 | ||||||
3.250%, 01/31/33 (GBP) |
410,000 | 456,009 | ||||||
4.125%, 01/29/27 (GBP) |
585,000 | 703,493 | ||||||
Uruguay Government International Bonds |
170,000 | 162,516 | ||||||
8.250%, 05/21/31 (UYU) |
9,950,000 | 238,085 | ||||||
|
|
|||||||
23,888,880 | ||||||||
|
|
|||||||
Total Foreign Government |
25,650,037 | |||||||
|
|
|||||||
U.S. Treasury & Government Agencies2.9% |
| |||||||
U.S. Treasury2.9% | ||||||||
U.S. Treasury Bonds |
1,085,000 | 665,834 | ||||||
3.625%, 05/15/53 |
695,000 | 575,438 | ||||||
4.125%, 08/15/53 |
660,000 | 599,156 | ||||||
U.S. Treasury Inflation-Indexed Notes |
1,274,582 | 1,181,864 | ||||||
U.S. Treasury Notes |
270,000 | 267,860 | ||||||
0.875%, 01/31/24 |
2,195,000 | 2,162,332 | ||||||
1.500%, 02/29/24 |
530,000 | 521,470 | ||||||
1.875%, 02/15/32 |
360,000 | 292,430 | ||||||
2.250%, 03/31/24 (g) |
1,735,000 | 1,707,823 | ||||||
3.375%, 05/15/33 |
1,870,000 | 1,695,856 | ||||||
3.750%, 06/30/30 |
650,000 | 616,941 | ||||||
4.125%, 06/15/26 |
155,000 | 152,130 | ||||||
|
|
|||||||
Total U.S. Treasury & Government Agencies |
10,439,134 | |||||||
|
|
|||||||
Convertible Bonds2.4% |
| |||||||
Airlines0.3% | ||||||||
JetBlue Airways Corp. |
25,000 | 19,328 | ||||||
Southwest Airlines Co. |
1,015,000 | 1,007,387 | ||||||
|
|
|||||||
1,026,715 | ||||||||
|
|
BHFTI-221
Table of Contents
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Convertible Bonds(Continued)
Security Description | Principal Amount* |
Value | ||||||
Biotechnology0.6% | ||||||||
BioMarin Pharmaceutical, Inc. |
1,590,000 | $ | 1,542,300 | |||||
1.250%, 05/15/27 (b) |
50,000 | 49,530 | ||||||
Livongo Health, Inc. |
520,000 | 475,176 | ||||||
|
|
|||||||
2,067,006 | ||||||||
|
|
|||||||
Entertainment0.0% | ||||||||
Penn Entertainment, Inc. |
20,000 | 24,274 | ||||||
|
|
|||||||
Healthcare-Services0.4% | ||||||||
Teladoc Health, Inc. |
1,985,000 | 1,581,847 | ||||||
|
|
|||||||
Internet0.3% | ||||||||
Etsy, Inc. |
10,000 | 8,000 | ||||||
0.250%, 06/15/28 |
50,000 | 37,775 | ||||||
Snap, Inc. |
| |||||||
Zero Coupon, 05/01/27 |
75,000 | 55,575 | ||||||
Spotify USA, Inc. |
| |||||||
Zero Coupon, 03/15/26 |
70,000 | 59,535 | ||||||
Uber Technologies, Inc. |
| |||||||
Zero Coupon, 12/15/25 |
830,000 | 774,321 | ||||||
Zillow Group, Inc. |
10,000 | 11,915 | ||||||
|
|
|||||||
947,121 | ||||||||
|
|
|||||||
Leisure Time0.1% | ||||||||
NCL Corp. Ltd. |
330,000 | 273,075 | ||||||
|
|
|||||||
Media0.7% | ||||||||
DISH Network Corp. |
| |||||||
Zero Coupon, 12/15/25 |
975,000 | 650,812 | ||||||
3.375%, 08/15/26 |
2,945,000 | 1,769,945 | ||||||
|
|
|||||||
2,420,757 | ||||||||
|
|
|||||||
Oil & Gas0.0% | ||||||||
Northern Oil & Gas, Inc. |
45,000 | 55,588 | ||||||
|
|
|||||||
Software0.0% | ||||||||
Splunk, Inc. |
135,000 | 127,372 | ||||||
Unity Software, Inc. |
| |||||||
Zero Coupon, 11/15/26 |
45,000 | 35,618 | ||||||
|
|
|||||||
162,990 | ||||||||
|
|
|||||||
Total Convertible Bonds |
8,559,373 | |||||||
|
|
Floating Rate Loans (h)0.2% |
Security Description | Shares/ Principal Amount* |
Value | ||||||
Commercial Services0.0% | ||||||||
GTCR W Merger Sub LLC |
| |||||||
USD Term Loan B, 09/20/30 (i) |
45,000 | $ | 45,018 | |||||
|
|
|||||||
Healthcare-Services0.1% | ||||||||
Star Parent, Inc. |
142,633 | 139,643 | ||||||
|
|
|||||||
Insurance0.0% | ||||||||
HUB International Ltd. |
| |||||||
Term Loan B, 9.584%, 3M TSFR + 4.250%, 06/20/30 |
35,000 | 35,149 | ||||||
|
|
|||||||
Internet0.0% | ||||||||
Uber Technologies, Inc. |
| |||||||
Term Loan B, 8.159%, 3M TSFR + 2.750%, 03/03/30 |
59,564 | 59,624 | ||||||
|
|
|||||||
Leisure Time0.1% | ||||||||
Carnival Corp. |
213,900 | 213,810 | ||||||
Incremental Term Loan B, 8.681%, 1M TSFR + 3.250%, 10/18/28 |
280,973 | 280,007 | ||||||
|
|
|||||||
493,817 | ||||||||
|
|
|||||||
Retail0.0% | ||||||||
1011778 BC Unlimited Liability Co. |
75,000 | 74,867 | ||||||
|
|
|||||||
Total Floating Rate Loans |
848,118 | |||||||
|
|
|||||||
Municipals0.1% |
| |||||||
Tobacco Settlement Financing Corp. |
610,000 | 504,833 | ||||||
|
|
|||||||
Convertible Preferred Stock0.0% |
| |||||||
Pipelines0.0% | ||||||||
El Paso Energy Capital Trust I |
2,834 | 128,692 | ||||||
|
|
|||||||
Mortgage-Backed Securities0.0% |
| |||||||
Commercial Mortgage-Backed Securities0.0% | ||||||||
Institutional Mortgage Securities Canada, Inc. |
59,651 | 43,587 | ||||||
|
|
|||||||
Total Mortgage-Backed Securities |
43,587 | |||||||
|
|
BHFTI-222
Table of Contents
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Short-Term Investments1.1%
Security Description | Principal Amount* |
Value | ||||||
Repurchase Agreement1.1% | ||||||||
Fixed Income Clearing Corp. |
3,929,703 | $ | 3,929,703 | |||||
|
|
|||||||
Total Short-Term Investments |
3,929,703 | |||||||
|
|
|||||||
Securities Lending Reinvestments (j)0.5% |
| |||||||
Repurchase Agreements0.2% | ||||||||
Citigroup Global Markets, Inc. |
40,983 | 40,983 | ||||||
HSBC Securities, Inc. |
300,000 | 300,000 | ||||||
ING Financial Markets LLC |
220,881 | 220,881 | ||||||
National Bank of Canada |
100,000 | 100,000 | ||||||
NBC Global Finance Ltd. |
75,000 | 75,000 | ||||||
Societe Generale |
53,007 | 53,007 | ||||||
|
|
|||||||
789,871 | ||||||||
|
|
|||||||
Mutual Funds0.3% | ||||||||
Allspring Government Money Market Fund, Select Class |
150,000 | 150,000 | ||||||
BlackRock Liquidity Funds FedFund, Institutional Shares |
100,000 | 100,000 | ||||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (k) |
100,000 | 100,000 | ||||||
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 5.270% (k) |
200,000 | 200,000 | ||||||
RBC U.S. Government Money Market Fund, Institutional Shares |
100,000 | 100,000 | ||||||
STIT-Government & Agency Portfolio, Institutional Class |
100,000 | 100,000 | ||||||
Western Asset Institutional Government Reserves Fund, Institutional Class 5.250% (k) |
150,000 | 150,000 | ||||||
|
|
|||||||
900,000 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
1,689,871 | |||||||
|
|
|||||||
Total Investments100.4% |
357,982,819 | |||||||
Other assets and liabilities (net)(0.4)% |
(1,601,691 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 356,381,128 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
(a) | Non-income producing security. | |||
(b) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $11,914,080 and the collateral received consisted of cash in the amount of $1,689,871 and non-cash collateral with a value of $10,523,732. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
(c) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
(d) | Non-income producing; security is in default and/or issuer is in bankruptcy. | |||
(e) | Security is a step-up bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate. | |||
(f) | Principal amount of security is adjusted for inflation. | |||
(g) | All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2023, the market value of securities pledged was $502,011. | |||
(h) | Floating rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will generally have an expected |
BHFTI-223
Table of Contents
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
average life of approximately two to four years. Senior Loans typically have rates of interest which are determined periodically by reference to a base lending rate, plus a spread. These base rates are primarily the London Interbank Offered Rate and secondarily, the prime rate offered by one or more major United States banks. Base lending rates may be subject to a floor, or a minimum rate. | ||||
(i) | This loan will settle after September 30, 2023, at which time the interest rate will be determined. | |||
(j) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(k) | The rate shown represents the annualized seven-day yield as of September 30, 2023. | |||
(144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $38,916,937, which is 10.9% of net assets. |
Country Diversification as of |
% of Net Assets |
|||
United States |
70.2 | |||
France |
3.7 | |||
Sweden |
2.6 | |||
Netherlands |
2.5 | |||
Japan |
2.5 | |||
United Kingdom |
2.2 | |||
Taiwan |
1.6 | |||
Mexico |
1.4 | |||
Israel |
1.0 | |||
Canada |
1.0 |
Forward Foreign Currency Exchange Contracts
Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
EUR | 9,535,000 | MSC |
12/20/23 | USD | 10,253,825 | $ | (135,986 | ) | ||||||||||||||
GBP | 506,000 | UBSA |
12/20/23 | USD | 627,693 | (9,987 | ) | |||||||||||||||
JPY | 1,030,640,000 | MSC |
12/20/23 | USD | 7,114,289 | (128,623 | ) | |||||||||||||||
Contracts to Deliver |
||||||||||||||||||||||
AUD | 2,345,000 | HSBCU |
12/20/23 | USD | 1,514,635 | 2,866 | ||||||||||||||||
CAD | 485,000 | CBNA |
12/20/23 | USD | 358,217 | 698 | ||||||||||||||||
COP | 5,516,862,000 | UBSA |
12/20/23 | USD | 1,366,575 | 40,492 | ||||||||||||||||
IDR | 12,100,000,000 | UBSA |
12/20/23 | USD | 785,081 | 2,304 | ||||||||||||||||
KRW | 935,594,000 | BOA |
12/20/23 | USD | 707,337 | 10,860 | ||||||||||||||||
MXN | 29,008,000 | BOA |
12/20/23 | USD | 1,669,642 | 26,812 | ||||||||||||||||
NZD | 660,000 | MSC |
12/20/23 | USD | 391,330 | (4,254 | ) | |||||||||||||||
Cross Currency Contracts to Buy |
||||||||||||||||||||||
EUR | 330,879 | MSC |
12/20/23 | NOK | 3,786,000 | (3,606 | ) | |||||||||||||||
|
|
|||||||||||||||||||||
Net Unrealized Depreciation |
|
$ | (198,424 | ) | ||||||||||||||||||
|
|
Futures Contracts
Futures Contracts Long |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
U.S. Treasury Long Bond Futures |
12/19/23 | 108 | USD | 12,288,375 | $ | (670,460 | ) | |||||||||||||
U.S. Treasury Note 10 Year Futures |
12/19/23 | 23 | USD | 2,485,438 | (48,765 | ) | ||||||||||||||
U.S. Treasury Note 2 Year Futures |
12/29/23 | 25 | USD | 5,067,773 | (12,799 | ) | ||||||||||||||
U.S. Treasury Note 5 Year Futures |
12/29/23 | 56 | USD | 5,900,125 | (51,685 | ) | ||||||||||||||
Futures ContractsShort |
||||||||||||||||||||
U.S. Treasury Note Ultra 10 Year Futures |
12/19/23 | (58 | ) | USD | (6,470,625 | ) | 181,713 | |||||||||||||
U.S. Treasury Ultra Long Bond Futures |
12/19/23 | (25 | ) | USD | (2,967,188 | ) | 181,319 | |||||||||||||
|
|
|||||||||||||||||||
Net Unrealized Depreciation |
|
$ | (420,677 | ) | ||||||||||||||||
|
|
BHFTI-224
Table of Contents
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Glossary of Abbreviations
Counterparties
(BOA) | Bank of America N.A. | |||
(CBNA) | Citibank N.A. | |||
(HSBCU) | HSBC Bank USA | |||
(MSC) | Morgan Stanley & Co. | |||
(UBSA) | UBS AG |
Currencies
(AUD) | Australian Dollar | |||
(BRL) | Brazilian Real | |||
(CAD) | Canadian Dollar | |||
(COP) | Colombian Peso | |||
(EUR) | Euro | |||
(GBP) | British Pound | |||
(IDR) | Indonesian Rupiah | |||
(JPY) | Japanese Yen | |||
(KRW) | South Korean Won | |||
(MXN) | Mexican Peso | |||
(NOK) | Norwegian Krone | |||
(NZD) | New Zealand Dollar | |||
(PLN) | Polish Zloty | |||
(SEK) | Swedish Krona | |||
(SGD) | Singapore Dollar | |||
(USD) | United States Dollar | |||
(UYU) | Uruguayan Peso | |||
(ZAR) | South African Rand |
Index Abbreviations
(CPI) | Consumer Price Index | |||
(H15) | U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index | |||
(SOFR) | Secured Overnight Financing Rate | |||
(TSFR) | Term Secured Financing Rate |
Other Abbreviations
(DAC) | Designated Activity Company | |||
(ICE) | Intercontinental Exchange, Inc. |
BHFTI-225
Table of Contents
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
| |||||||||||||||
Banks |
$ | 8,611,539 | $ | | $ | | $ | 8,611,539 | ||||||||
Broadline Retail |
11,633,260 | | | 11,633,260 | ||||||||||||
Building Products |
2,209,690 | | | 2,209,690 | ||||||||||||
Capital Markets |
20,677,041 | 2,786,941 | | 23,463,982 | ||||||||||||
Chemicals |
9,974,884 | | | 9,974,884 | ||||||||||||
Construction & Engineering |
| 3,495,566 | | 3,495,566 | ||||||||||||
Consumer Staples Distribution & Retail |
7,480,070 | | | 7,480,070 | ||||||||||||
Electrical Equipment |
| 1,774,583 | | 1,774,583 | ||||||||||||
Electronic Equipment, Instruments & Components |
| 2,725,277 | | 2,725,277 | ||||||||||||
Financial Services |
10,341,169 | | | 10,341,169 | ||||||||||||
Health Care Providers & Services |
9,505,494 | | | 9,505,494 | ||||||||||||
Hotels, Restaurants & Leisure |
9,333,161 | | | 9,333,161 | ||||||||||||
Interactive Media & Services |
11,732,384 | | | 11,732,384 | ||||||||||||
IT Services |
9,461,138 | 6,149,463 | | 15,610,601 | ||||||||||||
Life Sciences Tools & Services |
19,126,378 | | | 19,126,378 | ||||||||||||
Machinery |
12,214,345 | 8,489,149 | | 20,703,494 | ||||||||||||
Oil, Gas & Consumable Fuels |
4,007,210 | | | 4,007,210 | ||||||||||||
Semiconductors & Semiconductor Equipment |
9,966,891 | 14,348,024 | | 24,314,915 | ||||||||||||
Software |
19,668,549 | | | 19,668,549 | ||||||||||||
Specialty Retail |
12,394,836 | | | 12,394,836 | ||||||||||||
Textiles, Apparel & Luxury Goods |
5,369,445 | 6,917,339 | | 12,286,784 | ||||||||||||
Total Common Stocks |
193,707,484 | 46,686,342 | | 240,393,826 | ||||||||||||
Total Corporate Bonds & Notes* |
| 65,795,645 | | 65,795,645 | ||||||||||||
Total Foreign Government* |
| 25,650,037 | | 25,650,037 | ||||||||||||
Total U.S. Treasury & Government Agencies* |
| 10,439,134 | | 10,439,134 | ||||||||||||
Total Convertible Bonds* |
| 8,559,373 | | 8,559,373 | ||||||||||||
Total Floating Rate Loans* |
| 848,118 | | 848,118 | ||||||||||||
Total Municipals* |
| 504,833 | | 504,833 | ||||||||||||
Total Convertible Preferred Stock* |
128,692 | | | 128,692 | ||||||||||||
Total Mortgage-Backed Securities* |
| 43,587 | | 43,587 | ||||||||||||
Total Short-Term Investments* |
| 3,929,703 | | 3,929,703 |
BHFTI-226
Table of Contents
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy(Continued)
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Securities Lending Reinvestments |
| |||||||||||||||
Repurchase Agreements |
$ | | $ | 789,871 | $ | | $ | 789,871 | ||||||||
Mutual Funds |
900,000 | | | 900,000 | ||||||||||||
Total Securities Lending Reinvestments |
900,000 | 789,871 | | 1,689,871 | ||||||||||||
Total Investments |
$ | 194,736,176 | $ | 163,246,643 | $ | | $ | 357,982,819 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (1,689,871 | ) | $ | | $ | (1,689,871 | ) | ||||||
Forward Contracts |
| |||||||||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | | $ | 84,032 | $ | | $ | 84,032 | ||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
| (282,456 | ) | | (282,456 | ) | ||||||||||
Total Forward Contracts |
$ | | $ | (198,424 | ) | $ | | $ | (198,424 | ) | ||||||
Futures Contracts |
| |||||||||||||||
Futures Contracts (Unrealized Appreciation) |
$ | 363,032 | $ | | $ | | $ | 363,032 | ||||||||
Futures Contracts (Unrealized Depreciation) |
(783,709 | ) | | | (783,709 | ) | ||||||||||
Total Futures Contracts |
$ | (420,677 | ) | $ | | $ | | $ | (420,677 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
BHFTI-227
Table of Contents
Brighthouse Funds Trust I
Loomis Sayles Growth Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks98.6% of Net Assets
Security Description | Shares |
Value | ||||||
Aerospace & Defense4.8% | ||||||||
Boeing Co. (a) |
686,009 | $ | 131,494,205 | |||||
|
|
|||||||
Air Freight & Logistics1.6% | ||||||||
Expeditors International of Washington, Inc. (b) |
395,970 | 45,390,041 | ||||||
|
|
|||||||
Automobiles6.0% | ||||||||
Tesla, Inc. (a) |
657,797 | 164,593,965 | ||||||
|
|
|||||||
Beverages3.2% | ||||||||
Monster Beverage Corp. (a) |
1,650,691 | 87,404,088 | ||||||
|
|
|||||||
Biotechnology5.0% | ||||||||
Regeneron Pharmaceuticals, Inc. (a) |
78,132 | 64,299,511 | ||||||
Vertex Pharmaceuticals, Inc. (a) |
210,061 | 73,046,612 | ||||||
|
|
|||||||
137,346,123 | ||||||||
|
|
|||||||
Broadline Retail6.3% | ||||||||
Alibaba Group Holding Ltd. (ADR) (a) |
328,002 | 28,450,894 | ||||||
Amazon.com, Inc. (a) |
1,133,461 | 144,085,562 | ||||||
|
|
|||||||
172,536,456 | ||||||||
|
|
|||||||
Capital Markets3.0% | ||||||||
FactSet Research Systems, Inc. |
104,332 | 45,620,210 | ||||||
SEI Investments Co. |
594,322 | 35,796,014 | ||||||
|
|
|||||||
81,416,224 | ||||||||
|
|
|||||||
Entertainment6.7% | ||||||||
Netflix, Inc. (a) |
281,298 | 106,218,125 | ||||||
Walt Disney Co. (a) |
947,855 | 76,823,648 | ||||||
|
|
|||||||
183,041,773 | ||||||||
|
|
|||||||
Financial Services7.3% | ||||||||
Block, Inc. (a) |
503,680 | 22,292,877 | ||||||
PayPal Holdings, Inc. (a) |
456,524 | 26,688,393 | ||||||
Visa, Inc. - Class A (b) |
663,667 | 152,650,047 | ||||||
|
|
|||||||
201,631,317 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies1.3% | ||||||||
Intuitive Surgical, Inc. (a) |
120,888 | 35,334,354 | ||||||
|
|
|||||||
Hotels, Restaurants & Leisure3.8% | ||||||||
Starbucks Corp. |
558,912 | 51,011,898 | ||||||
Yum China Holdings, Inc. |
320,643 | 17,866,228 | ||||||
Yum! Brands, Inc. (b) |
274,034 | 34,237,808 | ||||||
|
|
|||||||
103,115,934 | ||||||||
|
|
|||||||
Interactive Media & Services14.4% | ||||||||
Alphabet, Inc. - Class A (a) |
938,320 | 122,788,555 | ||||||
Alphabet, Inc. - Class C (a) |
449,237 | 59,231,899 | ||||||
Meta Platforms, Inc. - Class A (a) |
712,482 | 213,894,221 | ||||||
|
|
|||||||
395,914,675 | ||||||||
|
|
|||||||
IT Services1.7% | ||||||||
Shopify, Inc. - Class A (a) |
834,679 | 45,548,433 | ||||||
|
|
|||||||
Life Sciences Tools & Services2.6% | ||||||||
Illumina, Inc. (a) |
261,059 | 35,838,180 | ||||||
Thermo Fisher Scientific, Inc. |
69,001 | 34,926,236 | ||||||
|
|
|||||||
70,764,416 | ||||||||
|
|
|||||||
Machinery0.7% | ||||||||
Deere & Co. (b) |
48,829 | 18,427,088 | ||||||
|
|
|||||||
Pharmaceuticals4.6% | ||||||||
Novartis AG (ADR) (b) |
395,998 | 40,336,356 | ||||||
Novo Nordisk AS (ADR) |
595,286 | 54,135,309 | ||||||
Roche Holding AG (ADR) (b) |
900,816 | 30,564,687 | ||||||
|
|
|||||||
125,036,352 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment9.0% | ||||||||
NVIDIA Corp. |
471,161 | 204,950,323 | ||||||
QUALCOMM, Inc. |
383,296 | 42,568,854 | ||||||
|
|
|||||||
247,519,177 | ||||||||
|
|
|||||||
Software16.6% | ||||||||
Autodesk, Inc. (a) |
399,335 | 82,626,405 | ||||||
Microsoft Corp. |
426,211 | 134,576,123 | ||||||
Oracle Corp. |
1,200,507 | 127,157,701 | ||||||
Salesforce, Inc. (a) |
400,920 | 81,298,558 | ||||||
Workday, Inc. - Class A (a) |
139,138 | 29,893,799 | ||||||
|
|
|||||||
455,552,586 | ||||||||
|
|
|||||||
Total Common Stocks |
2,702,067,207 | |||||||
|
|
|||||||
Short-Term Investment1.5% |
| |||||||
Repurchase Agreement1.5% | ||||||||
Fixed Income Clearing Corp. |
40,195,316 | 40,195,316 | ||||||
|
|
|||||||
Total Short-Term Investments |
40,195,316 | |||||||
|
|
|||||||
Securities Lending Reinvestments (c)6.7% |
| |||||||
Certificates of Deposit0.4% | ||||||||
Barclays Bank PLC |
3,000,000 | 3,000,216 | ||||||
Mitsubishi UFJ Trust & Banking Corp. | ||||||||
Zero Coupon, 10/19/23 |
2,000,000 | 1,994,100 | ||||||
MUFG Bank Ltd. (London) | ||||||||
Zero Coupon, 10/18/23 |
1,000,000 | 997,200 | ||||||
Zero Coupon, 10/30/23 |
1,000,000 | 995,390 | ||||||
Zero Coupon, 11/20/23 |
1,000,000 | 992,190 |
BHFTI-228
Table of Contents
Brighthouse Funds Trust I
Loomis Sayles Growth Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (c)(Continued)
Security Description | Principal Amount* |
Value | ||||||
Certificates of Deposit(Continued) | ||||||||
National Westminster Bank PLC | ||||||||
Zero Coupon, 02/20/24 |
1,000,000 | $ | 977,320 | |||||
Royal Bank of Canada |
2,000,000 | 2,001,540 | ||||||
|
|
|||||||
10,957,956 | ||||||||
|
|
|||||||
Commercial Paper0.1% | ||||||||
Fairway Finance Co. LLC |
3,000,000 | 3,000,055 | ||||||
|
|
|||||||
Repurchase Agreements4.5% | ||||||||
Bank of Nova Scotia |
5,000,000 | 5,000,000 | ||||||
Barclays Bank PLC |
10,000,000 | 10,000,000 | ||||||
Citigroup Global Markets, Inc. | ||||||||
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $4,004,254; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $4,080,099. |
4,000,000 | 4,000,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $1,005,464; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $1,020,073. |
1,000,000 | 1,000,000 | ||||||
ING Financial Markets LLC |
11,627,965 | 11,627,965 | ||||||
National Bank Financial, Inc. |
2,000,000 | 2,000,000 | ||||||
National Bank of Canada | ||||||||
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $5,505,689; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $5,636,288. |
5,500,000 | 5,500,000 | ||||||
Repurchase Agreements(Continued) | ||||||||
National Bank of Canada | ||||||||
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $20,021,194; collateralized by various Common Stock with an aggregate market value of $22,319,747. |
20,000,000 | 20,000,000 | ||||||
NBC Global Finance Ltd. |
33,000,000 | 33,000,000 | ||||||
Royal Bank of Canada Toronto |
4,000,000 | 4,000,000 | ||||||
Societe Generale | ||||||||
Repurchase Agreement dated 09/29/23 at 5.340%, due on 10/02/23 with a maturity value of $2,000,890; collateralized by U.S. Treasury Obligations with rates ranging from 0.375% - 5.403%, maturity dates ranging from 01/31/24 - 02/15/37, and an aggregate market value of $2,044,843. |
2,000,000 | 2,000,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $100,257; collateralized by various Common Stock with an aggregate market value of $111,538. |
100,212 | 100,212 | ||||||
TD Prime Services LLC |
24,970,000 | 24,970,000 | ||||||
|
|
|||||||
123,198,177 | ||||||||
|
|
|||||||
Mutual Funds1.7% | ||||||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class |
5,000,000 | 5,000,000 | ||||||
Fidelity Investments Money Market Government Portfolio, Class I |
5,000,000 | 5,000,000 | ||||||
HSBC U.S. Government Money Market Fund, Class I |
3,500,000 | 3,500,000 | ||||||
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares |
10,000,000 | 10,000,000 | ||||||
RBC U.S. Government Money Market Fund, Institutional Shares |
2,000,000 | 2,000,000 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class |
10,000,000 | 10,000,000 | ||||||
STIT-Government & Agency Portfolio, Institutional Class |
5,000,000 | 5,000,000 |
BHFTI-229
Table of Contents
Brighthouse Funds Trust I
Loomis Sayles Growth Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (c)(Continued)
Security Description | Shares | Value | ||||||
Mutual Funds(Continued) | ||||||||
Western Asset Institutional Government Reserves Fund, Institutional Class |
7,300,000 | $ | 7,300,000 | |||||
|
|
|||||||
47,800,000 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
184,956,188 | |||||||
|
|
|||||||
Total Investments106.8% |
2,927,218,711 | |||||||
Other assets and liabilities (net)(6.8)% |
(187,276,195 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 2,739,942,516 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
(a) | Non-income producing security. | |||
(b) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $179,932,716 and the collateral received consisted of cash in the amount of $184,907,639. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. | |||
(c) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(d) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
(e) | The rate shown represents the annualized seven-day yield as of September 30, 2023. |
Glossary of Abbreviations
Index Abbreviations
(FEDEFF PRV) | Effective Federal Funds Rate | |||
(SOFR) | Secured Overnight Financing Rate |
Other Abbreviations
(ADR) | American Depositary Receipt |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Total Common Stocks* |
$ | 2,702,067,207 | $ | | $ | | $ | 2,702,067,207 | ||||||||
Total Short-Term Investment* |
| 40,195,316 | | 40,195,316 | ||||||||||||
Securities Lending Reinvestments |
| |||||||||||||||
Certificates of Deposit |
| 10,957,956 | | 10,957,956 | ||||||||||||
Commercial Paper |
| 3,000,055 | | 3,000,055 | ||||||||||||
Repurchase Agreements |
| 123,198,177 | | 123,198,177 | ||||||||||||
Mutual Funds |
47,800,000 | | | 47,800,000 | ||||||||||||
Total Securities Lending Reinvestments |
47,800,000 | 137,156,188 | | 184,956,188 | ||||||||||||
Total Investments |
$ | 2,749,867,207 | $ | 177,351,504 | $ | | $ | 2,927,218,711 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (184,907,639 | ) | $ | | $ | (184,907,639 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
BHFTI-230
Table of Contents
Brighthouse Funds Trust I
MetLife Multi-Index Targeted Risk Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Mutual Funds76.4% of Net Assets
Security Description | Shares/ Principal Amount* |
Value | ||||||
Affiliated Investment Companies76.4% | ||||||||
MetLife Aggregate Bond Index Portfolio (Class A) (a) |
54,861,581 | $ | 489,365,305 | |||||
MetLife Mid Cap Stock Index Portfolio (Class A) (a) |
3,811,574 | 57,669,118 | ||||||
MetLife MSCI EAFE Index Portfolio (Class A) (a) |
9,955,148 | 133,697,640 | ||||||
MetLife Russell 2000 Index Portfolio (Class A) (a) |
2,263,745 | 34,680,579 | ||||||
MetLife Stock Index Portfolio (Class A) (a) |
3,581,485 | 194,653,683 | ||||||
|
|
|||||||
Total Mutual Funds |
910,066,325 | |||||||
|
|
|||||||
Short-Term Investments23.7% |
| |||||||
Repurchase Agreement0.0% | ||||||||
Fixed Income Clearing Corp. |
81,942 | 81,942 | ||||||
|
|
|||||||
U.S. Treasury23.7% | ||||||||
U.S. Treasury Bills |
47,200,000 | 47,193,102 | ||||||
5.050%, 10/17/23 (b) |
47,500,000 | 47,395,648 | ||||||
5.211%, 11/02/23 (b) (c) (d) |
57,500,000 | 57,238,071 | ||||||
5.280%, 11/14/23 (b) |
131,000,000 | 130,172,810 | ||||||
|
|
|||||||
281,999,631 | ||||||||
|
|
|||||||
Total Short-Term Investments |
282,081,573 | |||||||
|
|
|||||||
Total Investments100.1% |
1,192,147,898 | |||||||
Other assets and liabilities (net)(0.1)% |
(1,381,729 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 1,190,766,169 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
(a) | A Portfolio of Brighthouse Funds Trust II. | |||
(b) | The rate shown represents current yield to maturity. | |||
(c) | All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2023, the market value of securities pledged was $22,895,229. | |||
(d) | All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of September 30, 2023, the market value of securities pledged was $23,890,673. |
Futures Contracts
Futures ContractsLong |
Expiration Date |
Number of Contracts |
Notional Amount |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
MSCI EAFE Index Mini Futures |
12/15/23 | 1,244 | USD | 126,981,300 | $ | (4,101,567 | ) | |||||||||||||
Russell 2000 Index E-Mini Futures |
12/15/23 | 354 | USD | 31,835,220 | (1,305,039 | ) | ||||||||||||||
S&P 500 Index E-Mini Futures |
12/15/23 | 937 | USD | 202,649,675 | (8,703,840 | ) | ||||||||||||||
S&P Midcap 400 Index E-Mini Futures |
12/15/23 | 212 | USD | 53,432,480 | (1,721,769 | ) | ||||||||||||||
|
|
|||||||||||||||||||
Net Unrealized Depreciation |
|
$ | (15,832,215 | ) | ||||||||||||||||
|
|
Swap Agreements
Centrally Cleared Interest Rate Swaps
Pay/Receive |
Floating Rate Index |
Payment Frequency |
Fixed Rate |
Payment |
Maturity Date |
Notional Amount |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||
Pay |
12M SOFR | Annually | 3.170% | Annually | 07/14/33 | USD | 69,000,000 | $ | (6,035,906 | ) | $ | (32,670 | ) | $ | (6,003,236 | ) | ||||||||||||||||||
Pay |
12M SOFR | Annually | 3.380% | Annually | 08/15/33 | USD | 69,000,000 | (4,919,638 | ) | (18,866 | ) | (4,900,772 | ) | |||||||||||||||||||||
Pay |
12M SOFR | Annually | 3.460% | Annually | 09/15/33 | USD | 69,000,000 | (4,505,927 | ) | (7,042 | ) | (4,498,885 | ) | |||||||||||||||||||||
Pay |
12M SOFR | Annually | 3.560% | Annually | 10/13/33 | USD | 69,000,000 | (3,923,816 | ) | 11,458 | (3,935,274 | ) | ||||||||||||||||||||||
Pay |
12M SOFR | Annually | 3.730% | Annually | 11/07/33 | USD | 69,000,000 | (2,915,333 | ) | 3,743 | (2,919,076 | ) | ||||||||||||||||||||||
Pay |
12M SOFR | Annually | 4.000% | Annually | 12/15/33 | USD | 69,000,000 | (1,328,195 | ) | 13,408 | (1,341,603 | ) | ||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||
Totals |
|
$ | (23,628,815 | ) | $ | (29,969 | ) | $ | (23,598,846 | ) | ||||||||||||||||||||||||
|
|
|
|
|
|
BHFTI-231
Table of Contents
Brighthouse Funds Trust I
MetLife Multi-Index Targeted Risk Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Glossary of Abbreviations
Currencies
(USD) | United States Dollar |
Index Abbreviations
(SOFR) | Secured Overnight Financing Rate |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Mutual Funds |
| |||||||||||||||
Affiliated Investment Companies |
$ | 910,066,325 | $ | | $ | | $ | 910,066,325 | ||||||||
Total Short-Term Investments* |
| 282,081,573 | | 282,081,573 | ||||||||||||
Total Investments |
$ | 910,066,325 | $ | 282,081,573 | $ | | $ | 1,192,147,898 | ||||||||
Futures Contracts |
| |||||||||||||||
Futures Contracts (Unrealized Depreciation) |
$ | (15,832,215 | ) | $ | | $ | | $ | (15,832,215 | ) | ||||||
Centrally Cleared Swap Contracts |
| |||||||||||||||
Centrally Cleared Swap Contracts (Unrealized Depreciation) |
$ | | $ | (23,598,846 | ) | $ | | $ | (23,598,846 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
BHFTI-232
Table of Contents
Brighthouse Funds Trust I
Morgan Stanley Discovery Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks92.2% of Net Assets
Security Description | Shares | Value | ||||||
Biotechnology2.1% | ||||||||
Alnylam Pharmaceuticals, Inc. (a) |
5,197 | $ | 920,389 | |||||
Intellia Therapeutics, Inc. (a) (b) |
118,279 | 3,739,982 | ||||||
ProKidney Corp. (a) (b) |
520,054 | 2,381,847 | ||||||
Roivant Sciences Ltd. (a) |
1,139,640 | 13,310,995 | ||||||
|
|
|||||||
20,353,213 | ||||||||
|
|
|||||||
Broadline Retail7.1% | ||||||||
Global-e Online Ltd. (a) (b) |
1,696,903 | 67,434,925 | ||||||
|
|
|||||||
Capital Markets0.2% | ||||||||
Coinbase Global, Inc. - Class A (a) (b) |
31,679 | 2,378,459 | ||||||
|
|
|||||||
Chemicals0.4% | ||||||||
Ginkgo Bioworks Holdings, Inc. (a) (b) |
2,213,499 | 4,006,433 | ||||||
|
|
|||||||
Entertainment4.6% | ||||||||
ROBLOX Corp. - Class A (a) (b) |
1,500,967 | 43,468,004 | ||||||
|
|
|||||||
Financial Services12.0% | ||||||||
Adyen NV (a) |
32,465 | 24,065,246 | ||||||
Affirm Holdings, Inc. (a) (b) |
3,199,637 | 68,056,279 | ||||||
Toast, Inc. - Class A (a) (b) |
1,168,419 | 21,884,488 | ||||||
|
|
|||||||
114,006,013 | ||||||||
|
|
|||||||
Ground Transportation2.2% | ||||||||
Grab Holdings Ltd. - Class A (a) (b) |
5,825,956 | 20,623,884 | ||||||
|
|
|||||||
Health Care Equipment & Supplies0.8% | ||||||||
DexCom, Inc. (a) |
52,942 | 4,939,489 | ||||||
Penumbra, Inc. (a) (b) |
10,489 | 2,537,394 | ||||||
|
|
|||||||
7,476,883 | ||||||||
|
|
|||||||
Health Care Providers & Services5.2% | ||||||||
Agilon health, Inc. (a) (b) |
2,760,303 | 49,022,981 | ||||||
|
|
|||||||
Health Care Technology1.4% | ||||||||
Doximity, Inc. - Class A (a) (b) |
611,118 | 12,967,924 | ||||||
|
|
|||||||
Hotels, Restaurants & Leisure6.3% | ||||||||
DoorDash, Inc. - Class A (a) (b) |
751,716 | 59,738,871 | ||||||
|
|
|||||||
Interactive Media & Services0.1% | ||||||||
Snap, Inc. - Class A (a) (b) |
109,888 | 979,102 | ||||||
|
|
|||||||
IT Services9.7% | ||||||||
Cloudflare, Inc. - Class A (a) |
1,086,307 | 68,480,793 | ||||||
MongoDB, Inc. (a) (b) |
69,018 | 23,870,566 | ||||||
|
|
|||||||
92,351,359 | ||||||||
|
|
|||||||
Leisure Products1.6% | ||||||||
Peloton Interactive, Inc. - Class A (a) (b) |
2,954,168 | 14,918,548 | ||||||
|
|
|||||||
Life Sciences Tools & Services1.3% | ||||||||
10X Genomics, Inc. - Class A (a) (b) |
304,798 | 12,572,918 | ||||||
|
|
|||||||
Media7.3% | ||||||||
Trade Desk, Inc. - Class A (a) |
891,246 | 69,650,875 | ||||||
|
|
|||||||
Pharmaceuticals4.6% | ||||||||
Royalty Pharma PLC - Class A |
1,614,550 | 43,818,887 | ||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment0.1% | ||||||||
Enphase Energy, Inc. (a) |
7,973 | 957,956 | ||||||
|
|
|||||||
Software18.4% | ||||||||
Aurora Innovation, Inc. (a) (b) |
5,272,337 | 12,389,992 | ||||||
Bill Holdings, Inc. (a) (b) |
443,655 | 48,167,623 | ||||||
Gitlab, Inc. - Class A (a) |
489,314 | 22,126,779 | ||||||
HubSpot, Inc. (a) |
19,638 | 9,671,715 | ||||||
Klaviyo, Inc. - Class A (a) |
152,997 | 5,278,397 | ||||||
MicroStrategy, Inc. - Class A (a) (b) |
23,907 | 7,848,190 | ||||||
Procore Technologies, Inc. (a) (b) |
412,732 | 26,959,654 | ||||||
Samsara, Inc. - Class A (a) (b) |
1,628,620 | 41,057,510 | ||||||
Unity Software, Inc. (a) |
30,366 | 953,189 | ||||||
|
|
|||||||
174,453,049 | ||||||||
|
|
|||||||
Specialty Retail6.8% | ||||||||
Carvana Co. (a) (b) |
988,194 | 41,484,384 | ||||||
Wayfair, Inc. - Class A (a) (b) |
381,238 | 23,091,586 | ||||||
|
|
|||||||
64,575,970 | ||||||||
|
|
|||||||
Total Common Stocks |
875,756,254 | |||||||
|
|
|||||||
Convertible Preferred Stocks2.4% | ||||||||
Software2.4% | ||||||||
Databricks, Inc. | ||||||||
Series H (a) (c) (d) |
229,833 | 16,892,725 | ||||||
Series I (a) (c) (d) |
83,793 | 6,158,786 | ||||||
|
|
|||||||
Total Convertible Preferred Stocks |
23,051,511 | |||||||
|
|
|||||||
Escrow Shares0.0% | ||||||||
Broadline Retail0.0% | ||||||||
Flipkart Ltd. (a) (c) (d) |
60,812 | 24,933 | ||||||
|
|
|||||||
Warrants0.0% | ||||||||
Chemicals0.0% | ||||||||
Ginkgo Bioworks Holdings, Inc., Expires 08/01/26 (a) |
104,671 | 23,551 | ||||||
|
|
BHFTI-233
Table of Contents
Brighthouse Funds Trust I
Morgan Stanley Discovery Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Short-Term Investment5.5%
Security Description | Principal Amount* |
Value | ||||||
Repurchase Agreement5.5% | ||||||||
Fixed Income Clearing Corp. |
52,746,977 | $ | 52,746,977 | |||||
|
|
|||||||
Total Short-Term Investments |
52,746,977 | |||||||
|
|
|||||||
Securities Lending Reinvestments (e)16.8% |
| |||||||
Certificates of Deposit6.0% | ||||||||
Bank of America N.A. |
2,000,000 | 2,000,270 | ||||||
Bank of Montreal |
5,000,000 | 5,003,215 | ||||||
Barclays Bank PLC |
3,000,000 | 3,000,216 | ||||||
Canadian Imperial Bank of Commerce (NY) |
2,000,000 | 2,000,972 | ||||||
5.710%, SOFR + 0.400%, 10/13/23 (f) |
5,000,000 | 5,000,490 | ||||||
Credit Agricole Corporate & Investment Bank |
4,000,000 | 4,000,532 | ||||||
Credit Industriel et Commercial |
4,000,000 | 3,999,648 | ||||||
Mizuho Bank Ltd. |
5,000,000 | 5,000,245 | ||||||
Nordea Bank Abp |
4,000,000 | 4,000,608 | ||||||
Oversea-Chinese Banking Corp. Ltd. |
5,000,000 | 5,000,730 | ||||||
Royal Bank of Canada |
3,000,000 | 3,002,310 | ||||||
Standard Chartered Bank |
2,000,000 | 2,000,000 | ||||||
Sumitomo Mitsui Trust Bank Ltd. |
3,000,000 | 3,000,159 | ||||||
Svenska Handelsbanken AB |
3,000,000 | 3,000,315 | ||||||
Toronto-Dominion Bank |
3,000,000 | 3,001,740 | ||||||
5.780%, FEDEFF PRV + 0.450%, 10/13/23 (f) |
4,000,000 | 4,000,380 | ||||||
|
|
|||||||
57,011,830 | ||||||||
|
|
|||||||
Commercial Paper1.5% | ||||||||
National Australia Bank Ltd. |
3,000,000 | 3,000,660 | ||||||
Old Line Funding LLC |
2,000,000 | 1,999,998 | ||||||
Skandinaviska Enskilda Banken AB |
3,000,000 | 3,000,810 | ||||||
UBS AG |
6,000,000 | 6,000,000 | ||||||
|
|
|||||||
14,001,468 | ||||||||
|
|
|||||||
Repurchase Agreements6.4% | ||||||||
Citigroup Global Markets, Inc. |
3,700,000 | $ | 3,700,000 | |||||
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $8,241,322; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $8,503,770 |
5,000,000 | 5,000,000 | ||||||
ING Financial Markets LLC |
10,223,619 | 10,223,619 | ||||||
National Bank of Canada |
6,600,000 | 6,600,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $20,021,194; collateralized by various Common Stock with an aggregate market value of $22,319,747 |
20,000,000 | 20,000,000 | ||||||
NBC Global Finance Ltd. |
2,000,000 | 2,000,000 | ||||||
Royal Bank of Canada Toronto |
13,000,000 | 13,000,000 | ||||||
|
|
|||||||
60,523,619 | ||||||||
|
|
|||||||
Time Deposit0.7% | ||||||||
National Bank of Canada |
7,000,000 | 7,000,000 | ||||||
|
|
|||||||
Mutual Funds2.2% | ||||||||
Allspring Government Money Market Fund, Select Class |
1,000,000 | 1,000,000 | ||||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (g) |
2,000,000 | 2,000,000 | ||||||
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.240% (g) |
1,000,000 | 1,000,000 |
BHFTI-234
Table of Contents
Brighthouse Funds Trust I
Morgan Stanley Discovery Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (e)(Continued)
Security Description | Shares | Value | ||||||
Mutual Funds(Continued) | ||||||||
RBC U.S. Government Money Market Fund, Institutional Shares |
5,000,000 | $ | 5,000,000 | |||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (g) |
10,000,000 | 10,000,000 | ||||||
STIT-Government & Agency Portfolio, Institutional Class |
2,000,000 | 2,000,000 | ||||||
|
|
|||||||
21,000,000 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
159,536,917 | |||||||
|
|
|||||||
Total Purchased Options0.3% (h) |
3,031,320 | |||||||
Total Investments117.2% |
1,114,171,463 | |||||||
Other assets and liabilities (net)(17.2)% |
(163,884,789 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 950,286,674 | ||||||
|
|
* | Principal and notional amounts stated in U.S. dollars unless otherwise noted. | |||
| Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2023, the market value of restricted securities was $23,076,444, which is 2.4% of net assets. See details shown in the Restricted Securities table that follows. | |||
(a) | Non-income producing security. | |||
(b) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $273,009,520 and the collateral received consisted of cash in the amount of $159,523,619 and non-cash collateral with a value of $119,024,127. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
(c) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |||
(d) | Security was valued in good faith under procedures subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent 2.4% of net assets. | |||
(e) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(f) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
(g) | The rate shown represents the annualized seven-day yield as of September 30, 2023. | |||
(h) | For a breakout of open positions, see details shown in the Purchased Options table that follows. |
Restricted Securities |
Acquisition Date |
Shares | Cost | Value | ||||||||||||
Databricks, Inc. - Series H |
08/31/21 | 229,833 | $ | 16,889,078 | $ | 16,892,725 | ||||||||||
Databricks, Inc. - Series I |
09/14/23 | 83,793 | 6,158,786 | 6,158,786 | ||||||||||||
Flipkart Ltd. |
08/20/18 | 60,812 | | 24,933 | ||||||||||||
|
|
|||||||||||||||
$ | 23,076,444 | |||||||||||||||
|
|
Purchased Options
Foreign Currency Options |
Strike Price |
Counterparty | Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Paid |
Market Value |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||||
USD Call/CNH Put |
CNH | 7.873 | GSI | 10/09/23 | 1,996,477 | USD | 1,996,477 | $ | 9,612 | $ | 2 | $ | (9,610 | ) | ||||||||||||||||||||||
USD Call/CNH Put |
CNH | 7.428 | JPMC | 01/17/24 | 188,118,873 | USD | 188,118,873 | 885,538 | 879,644 | (5,894 | ) | |||||||||||||||||||||||||
USD Call/CNH Put |
CNH | 7.570 | SCB | 05/24/24 | 231,598,790 | USD | 231,598,790 | 979,895 | 1,199,682 | 219,787 | ||||||||||||||||||||||||||
USD Call/CNH Put |
CNH | 7.790 | JPMC | 08/12/24 | 247,399,342 | USD | 247,399,342 | 1,024,233 | 951,992 | (72,241 | ) | |||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
Totals |
|
$ | 2,899,278 | $ | 3,031,320 | $ | 132,042 | |||||||||||||||||||||||||||||
|
|
|
|
|
|
Glossary of Abbreviations
Counterparties
(GSI) | Goldman Sachs International | |||
(JPMC) | JPMorgan Chase Bank N.A. | |||
(SCB) | Standard Chartered Bank |
Currencies
(CNH) | Chinese Renminbi | |||
(USD) | United States Dollar |
Index Abbreviations
(FEDEFF PRV) | Effective Federal Funds Rate | |||
(OBFR) | U.S. Overnight Bank Funding Rate | |||
(SOFR) | Secured Overnight Financing Rate |
BHFTI-235
Table of Contents
Brighthouse Funds Trust I
Morgan Stanley Discovery Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
| |||||||||||||||
Biotechnology |
$ | 20,353,213 | $ | | $ | | $ | 20,353,213 | ||||||||
Broadline Retail |
67,434,925 | | | 67,434,925 | ||||||||||||
Capital Markets |
2,378,459 | | | 2,378,459 | ||||||||||||
Chemicals |
4,006,433 | | | 4,006,433 | ||||||||||||
Entertainment |
43,468,004 | | | 43,468,004 | ||||||||||||
Financial Services |
89,940,767 | 24,065,246 | | 114,006,013 | ||||||||||||
Ground Transportation |
20,623,884 | | | 20,623,884 | ||||||||||||
Health Care Equipment & Supplies |
7,476,883 | | | 7,476,883 | ||||||||||||
Health Care Providers & Services |
49,022,981 | | | 49,022,981 | ||||||||||||
Health Care Technology |
12,967,924 | | | 12,967,924 | ||||||||||||
Hotels, Restaurants & Leisure |
59,738,871 | | | 59,738,871 | ||||||||||||
Interactive Media & Services |
979,102 | | | 979,102 | ||||||||||||
IT Services |
92,351,359 | | | 92,351,359 | ||||||||||||
Leisure Products |
14,918,548 | | | 14,918,548 | ||||||||||||
Life Sciences Tools & Services |
12,572,918 | | | 12,572,918 | ||||||||||||
Media |
69,650,875 | | | 69,650,875 | ||||||||||||
Pharmaceuticals |
43,818,887 | | | 43,818,887 | ||||||||||||
Semiconductors & Semiconductor Equipment |
957,956 | | | 957,956 | ||||||||||||
Software |
174,453,049 | | | 174,453,049 | ||||||||||||
Specialty Retail |
64,575,970 | | | 64,575,970 | ||||||||||||
Total Common Stocks |
851,691,008 | 24,065,246 | | 875,756,254 | ||||||||||||
Total Convertible Preferred Stocks* |
| | 23,051,511 | 23,051,511 | ||||||||||||
Total Escrow Shares* |
| | 24,933 | 24,933 | ||||||||||||
Total Warrants* |
23,551 | | | 23,551 | ||||||||||||
Total Short-Term Investment* |
| 52,746,977 | | 52,746,977 | ||||||||||||
Securities Lending Reinvestments |
| |||||||||||||||
Certificates of Deposit |
| 57,011,830 | | 57,011,830 | ||||||||||||
Commercial Paper |
| 14,001,468 | | 14,001,468 | ||||||||||||
Repurchase Agreements |
| 60,523,619 | | 60,523,619 | ||||||||||||
Time Deposit |
| 7,000,000 | | 7,000,000 | ||||||||||||
Mutual Funds |
21,000,000 | | | 21,000,000 | ||||||||||||
Total Securities Lending Reinvestments |
21,000,000 | 138,536,917 | | 159,536,917 | ||||||||||||
Total Purchased Options at Value |
$ | | $ | 3,031,320 | $ | | $ | 3,031,320 | ||||||||
Total Investments |
$ | 872,714,559 | $ | 218,380,460 | $ | 23,076,444 | $ | 1,114,171,463 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (159,523,619 | ) | $ | | $ | (159,523,619 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
BHFTI-236
Table of Contents
Brighthouse Funds Trust I
Morgan Stanley Discovery Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
Investments in Securities |
Balance as of December 31, 2022 |
Purchases | Change in Unrealized Appreciation/ (Depreciation) |
Balance as of September 30, 2023 |
Change in Unrealized Appreciation/ (Depreciation) from Investments Held at September 30, 2023 |
|||||||||||||||
Convertible Preferred Stocks | ||||||||||||||||||||
Software |
$ | 13,789,980 | $ | 6,158,785 | $ | 3,102,746 | $ | 23,051,511 | $ | 3,102,746 | ||||||||||
Escrow Shares | ||||||||||||||||||||
Broadline Retail |
24,933 | | | 24,933 | | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
$ | 13,814,913 | $ | 6,158,785 | $ | 3,102,746 | $ | 23,076,444 | $ | 3,102,746 | |||||||||||
|
|
|
|
|
|
|
|
|
|
Fair Value at September 30, 2023 |
Valuation Technique(s) | Unobservable Input | Range | Weighted Average |
Relationship Between Fair Value and Input; if input value increases then Fair Value: |
|||||||||||||||||||
Convertible Preferred Stocks | ||||||||||||||||||||||||
Software |
$ | 23,051,511 | Market Transaction Method | Precedent Transaction | $ | 73.50 | $ | 73.50 | $ | 73.50 | Increase | |||||||||||||
Escrow Shares | ||||||||||||||||||||||||
Broadline Retail |
24,933 | Liquidation Value | Estimated Distribution Per Share | $ | 0.84 | $ | 0.84 | $ | 0.84 | Increase | ||||||||||||||
Discount for Lack Certainty | 50.00 | % | 50.00 | % | 50.00 | % | Decrease |
BHFTI-237
Table of Contents
Brighthouse Funds Trust I
MFS Research International Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks98.6% of Net Assets
Security Description | Shares | Value | ||||||
Australia4.2% | ||||||||
APA Group |
778,757 | $ | 4,150,397 | |||||
Aristocrat Leisure Ltd. |
343,663 | 9,018,141 | ||||||
carsales.com Ltd. |
352,512 | 6,319,064 | ||||||
CSL Ltd. |
76,010 | 12,246,531 | ||||||
Macquarie Group Ltd. |
105,663 | 11,369,270 | ||||||
SEEK Ltd. |
228,343 | 3,232,169 | ||||||
Woodside Energy Group Ltd. |
539,447 | 12,568,315 | ||||||
|
|
|||||||
58,903,887 | ||||||||
|
|
|||||||
Canada1.8% | ||||||||
Constellation Software, Inc. |
7,963 | 16,439,396 | ||||||
RB Global, Inc. (a) |
130,545 | 8,173,419 | ||||||
|
|
|||||||
24,612,815 | ||||||||
|
|
|||||||
China1.4% | ||||||||
China Resources Gas Group Ltd. |
1,391,124 | 4,045,668 | ||||||
NXP Semiconductors NV |
44,296 | 8,855,656 | ||||||
Yum China Holdings, Inc. |
127,079 | 7,080,842 | ||||||
|
|
|||||||
19,982,166 | ||||||||
|
|
|||||||
Denmark3.3% | ||||||||
Novo Nordisk AS |
472,726 | 43,001,917 | ||||||
Orsted AS |
51,288 | 2,792,291 | ||||||
|
|
|||||||
45,794,208 | ||||||||
|
|
|||||||
France12.9% | ||||||||
BNP Paribas SA |
361,198 | 22,994,927 | ||||||
Cie Generale des Etablissements Michelin SCA |
286,473 | 8,780,341 | ||||||
Danone SA |
158,433 | 8,729,011 | ||||||
Legrand SA |
180,981 | 16,609,844 | ||||||
LVMH Moet Hennessy Louis Vuitton SE |
48,568 | 36,640,997 | ||||||
Sanofi |
109,859 | 11,788,111 | ||||||
Schneider Electric SE |
240,113 | 39,585,695 | ||||||
Thales SA |
61,711 | 8,658,874 | ||||||
TotalEnergies SE |
410,588 | 27,019,711 | ||||||
|
|
|||||||
180,807,511 | ||||||||
|
|
|||||||
Germany6.0% | ||||||||
Bayer AG |
180,417 | 8,665,413 | ||||||
E.ON SE |
680,712 | 8,063,406 | ||||||
GEA Group AG |
376,792 | 13,927,327 | ||||||
LEG Immobilien SE (b) |
220,329 | 15,219,801 | ||||||
Merck KGaA |
90,939 | 15,199,626 | ||||||
MTU Aero Engines AG |
59,055 | 10,729,511 | ||||||
Symrise AG |
121,786 | 11,632,632 | ||||||
|
|
|||||||
83,437,716 | ||||||||
|
|
|||||||
Greece0.4% | ||||||||
Hellenic Telecommunications Organization SA |
360,759 | 5,270,973 | ||||||
|
|
|||||||
Hong Kong3.2% | ||||||||
AIA Group Ltd. |
2,012,228 | 16,277,046 | ||||||
CLP Holdings Ltd. |
816,500 | 6,021,367 | ||||||
Hong Kong Exchanges & Clearing Ltd. |
312,000 | 11,631,956 | ||||||
Hong Kong(Continued) | ||||||||
Techtronic Industries Co. Ltd. |
1,120,000 | 10,874,049 | ||||||
|
|
|||||||
44,804,418 | ||||||||
|
|
|||||||
India1.3% | ||||||||
HDFC Bank Ltd. |
609,901 | 11,165,616 | ||||||
Reliance Industries Ltd. |
254,820 | 7,143,791 | ||||||
|
|
|||||||
18,309,407 | ||||||||
|
|
|||||||
Ireland1.0% | ||||||||
Bank of Ireland Group PLC |
376,931 | 3,701,317 | ||||||
Flutter Entertainment PLC (b) |
24,988 | 4,071,383 | ||||||
Ryanair Holdings PLC (ADR) (b) |
68,784 | 6,686,493 | ||||||
|
|
|||||||
14,459,193 | ||||||||
|
|
|||||||
Italy1.1% | ||||||||
Eni SpA |
913,837 | 14,677,551 | ||||||
|
|
|||||||
Japan19.3% | ||||||||
Bridgestone Corp. |
241,800 | 9,424,344 | ||||||
Daikin Industries Ltd. |
109,000 | 17,100,490 | ||||||
Denso Corp. |
664,000 | 10,656,968 | ||||||
Fujitsu Ltd. (a) |
141,000 | 16,589,606 | ||||||
Hitachi Ltd. |
432,000 | 26,781,560 | ||||||
Kansai Paint Co. Ltd. |
313,600 | 4,481,890 | ||||||
Kao Corp. |
288,900 | 10,727,641 | ||||||
KDDI Corp. (a) |
352,600 | 10,793,541 | ||||||
Kirin Holdings Co. Ltd. |
608,400 | 8,533,290 | ||||||
Koito Manufacturing Co. Ltd. (a) |
502,300 | 7,576,800 | ||||||
Kyocera Corp. |
182,000 | 9,230,631 | ||||||
Kyowa Kirin Co. Ltd. |
673,000 | 11,720,447 | ||||||
Mitsubishi Electric Corp. |
1,019,200 | 12,600,418 | ||||||
Mitsubishi UFJ Financial Group, Inc. |
1,716,600 | 14,560,097 | ||||||
Nitto Denko Corp. (a) |
175,500 | 11,505,093 | ||||||
Nomura Research Institute Ltd. (a) |
515,000 | 13,402,342 | ||||||
Persol Holdings Co. Ltd. (a) |
2,497,000 | 4,062,252 | ||||||
Rohm Co. Ltd. (a) |
313,200 | 5,927,181 | ||||||
Santen Pharmaceutical Co. Ltd. (a) |
886,900 | 8,123,806 | ||||||
Secom Co. Ltd. |
61,200 | 4,150,260 | ||||||
Seven & i Holdings Co. Ltd. (a) |
69,500 | 2,721,591 | ||||||
SMC Corp. |
38,500 | 17,233,816 | ||||||
SoftBank Group Corp. |
149,600 | 6,331,306 | ||||||
Terumo Corp. |
270,300 | 7,160,811 | ||||||
Toyota Industries Corp. |
150,500 | 11,847,908 | ||||||
Yamaha Corp. |
150,900 | 4,120,803 | ||||||
ZOZO, Inc. (a) |
199,400 | 3,657,313 | ||||||
|
|
|||||||
271,022,205 | ||||||||
|
|
|||||||
Macau0.4% | ||||||||
Sands China Ltd. (b) |
1,796,800 | 5,464,010 | ||||||
|
|
|||||||
Netherlands4.9% | ||||||||
Akzo Nobel NV |
148,299 | 10,701,928 | ||||||
ASML Holding NV |
12,838 | 7,538,976 | ||||||
Euronext NV |
254,102 | 17,683,339 | ||||||
Heineken NV |
105,082 | 9,243,807 |
BHFTI-238
Table of Contents
Brighthouse Funds Trust I
MFS Research International Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares |
Value | ||||||
Netherlands(Continued) | ||||||||
QIAGEN NV (b) |
361,890 | $ | 14,646,414 | |||||
Wolters Kluwer NV |
74,791 | 9,057,618 | ||||||
|
|
|||||||
68,872,082 | ||||||||
|
|
|||||||
Portugal1.1% | ||||||||
Galp Energia SGPS SA |
1,046,172 | 15,497,122 | ||||||
|
|
|||||||
Singapore0.7% | ||||||||
DBS Group Holdings Ltd. |
425,900 | 10,457,758 | ||||||
|
|
|||||||
South Korea1.1% | ||||||||
Samsung Electronics Co. Ltd. |
307,674 | 15,588,293 | ||||||
|
|
|||||||
Spain2.8% | ||||||||
Amadeus IT Group SA |
264,118 | 15,916,727 | ||||||
Cellnex Telecom SA |
238,461 | 8,291,623 | ||||||
Iberdrola SA |
1,346,925 | 15,038,978 | ||||||
|
|
|||||||
39,247,328 | ||||||||
|
|
|||||||
Switzerland12.7% | ||||||||
Cie Financiere Richemont SA - Class A |
120,878 | 14,728,071 | ||||||
Glencore PLC |
3,395,768 | 19,419,743 | ||||||
Julius Baer Group Ltd. |
300,273 | 19,243,254 | ||||||
Nestle SA |
359,105 | 40,550,635 | ||||||
Roche Holding AG |
148,203 | 40,424,618 | ||||||
Sika AG |
51,632 | 13,086,505 | ||||||
UBS Group AG |
603,094 | 14,907,132 | ||||||
Zurich Insurance Group AG |
34,843 | 15,966,365 | ||||||
|
|
|||||||
178,326,323 | ||||||||
|
|
|||||||
Taiwan0.9% | ||||||||
Taiwan Semiconductor Manufacturing Co. Ltd. |
747,468 | 12,129,979 | ||||||
|
|
|||||||
Thailand0.6% | ||||||||
Advanced Info Service PCL |
1,359,300 | 8,511,374 | ||||||
|
|
|||||||
United Kingdom10.0% | ||||||||
Beazley PLC |
1,853,458 | 12,465,675 | ||||||
British American Tobacco PLC |
553,173 | 17,365,232 | ||||||
Burberry Group PLC |
186,735 | 4,330,845 | ||||||
ConvaTec Group PLC |
3,246,090 | 8,629,172 | ||||||
Croda International PLC |
188,125 | 11,276,748 | ||||||
Diageo PLC |
636,641 | 23,478,575 | ||||||
Hiscox Ltd. |
641,046 | 7,842,562 | ||||||
London Stock Exchange Group PLC |
211,553 | 21,237,145 | ||||||
NatWest Group PLC |
6,562,869 | 18,778,667 | ||||||
Weir Group PLC |
357,221 | 8,243,169 | ||||||
Whitbread PLC |
150,461 | 6,329,362 | ||||||
|
|
|||||||
139,977,152 | ||||||||
|
|
|||||||
United States7.5% | ||||||||
Aon PLC - Class A |
63,311 | 20,526,692 | ||||||
Cadence Design Systems, Inc. (b) |
57,572 | 13,489,120 | ||||||
United States(Continued) | ||||||||
Linde PLC |
121,719 | 45,322,070 | ||||||
NIKE, Inc. - Class B |
54,982 | 5,257,379 | ||||||
Visa, Inc. - Class A (a) |
64,128 | 14,750,081 | ||||||
Willis Towers Watson PLC |
30,028 | 6,274,651 | ||||||
|
|
|||||||
105,619,993 | ||||||||
|
|
|||||||
Total Common Stocks |
1,381,773,464 | |||||||
|
|
|||||||
Warrants0.0% |
| |||||||
Canada0.0% | ||||||||
Constellation Software, Inc. Expires 03/31/40 (b) |
9,715 | 0 | ||||||
|
|
|||||||
Switzerland0.0% | ||||||||
Cie Financiere Richemont SA Expires 11/22/23 (b) |
298,538 | 221,714 | ||||||
|
|
|||||||
Total Warrants |
221,714 | |||||||
|
|
|||||||
Short-Term Investment0.9% |
| |||||||
Repurchase Agreement0.9% | ||||||||
Fixed Income Clearing Corp. |
12,004,465 | 12,004,465 | ||||||
|
|
|||||||
Total Short-Term Investments |
12,004,465 | |||||||
|
|
|||||||
Securities Lending Reinvestments (c)0.2% |
| |||||||
Repurchase Agreements0.1% | ||||||||
Citigroup Global Markets, Inc. |
56,646 | 56,646 | ||||||
ING Financial Markets LLC |
249,221 | 249,221 |
BHFTI-239
Table of Contents
Brighthouse Funds Trust I
MFS Research International Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (c)(Continued)
Security Description | Shares/ Principal Amount* |
Value | ||||||
Repurchase Agreements(Continued) | ||||||||
National Bank of Canada |
||||||||
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $300,310; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $307,434. |
300,000 | $ | 300,000 | |||||
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $100,106; collateralized by various Common Stock with an aggregate market value of $111,599. |
100,000 | 100,000 | ||||||
|
|
|||||||
705,867 | ||||||||
|
|
|||||||
Mutual Funds0.1% | ||||||||
BlackRock Liquidity Funds FedFund, Institutional Shares 5.230% (d) |
400,000 | 400,000 | ||||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (d) |
200,000 | 200,000 | ||||||
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.240% (d) |
400,000 | 400,000 | ||||||
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 5.270% (d) |
400,000 | 400,000 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (d) |
200,000 | 200,000 | ||||||
STIT-Government & Agency Portfolio, Institutional Class 5.260% (d) |
400,000 | 400,000 | ||||||
|
|
|||||||
2,000,000 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
2,705,867 | |||||||
|
|
|||||||
Total Investments99.7% |
1,396,705,510 | |||||||
Other assets and liabilities (net)0.3% |
4,262,141 | |||||||
|
|
|||||||
Net Assets100.0% | $ | 1,400,967,651 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
(a) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $41,144,327 and the collateral received consisted of cash in the amount of $2,705,867 and non-cash collateral with a value of $46,516,320. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third- party custodian, and cannot be sold or repledged by the Portfolio. | |||
(b) | Non-income producing security. | |||
(c) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(d) | The rate shown represents the annualized seven-day yield as of September 30, 2023. |
Ten Largest Industries as of |
% of |
|||
Pharmaceuticals |
9.9 | |||
Chemicals |
7.7 | |||
Capital Markets |
6.9 | |||
Banks |
5.8 | |||
Insurance |
5.7 | |||
Oil, Gas & Consumable Fuels |
5.5 | |||
Electrical Equipment |
4.9 | |||
Machinery |
4.4 | |||
Textiles, Apparel & Luxury Goods |
4.4 | |||
Food Products |
3.5 |
Glossary of Abbreviations
Other Abbreviations
(ADR) | American Depositary Receipt |
BHFTI-240
Table of Contents
Brighthouse Funds Trust I
MFS Research International Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
| |||||||||||||||
Australia |
$ | | $ | 58,903,887 | $ | | $ | 58,903,887 | ||||||||
Canada |
24,612,815 | | | 24,612,815 | ||||||||||||
China |
15,936,498 | 4,045,668 | | 19,982,166 | ||||||||||||
Denmark |
| 45,794,208 | | 45,794,208 | ||||||||||||
France |
| 180,807,511 | | 180,807,511 | ||||||||||||
Germany |
| 83,437,716 | | 83,437,716 | ||||||||||||
Greece |
| 5,270,973 | | 5,270,973 | ||||||||||||
Hong Kong |
| 44,804,418 | | 44,804,418 | ||||||||||||
India |
| 18,309,407 | | 18,309,407 | ||||||||||||
Ireland |
6,686,493 | 7,772,700 | | 14,459,193 | ||||||||||||
Italy |
| 14,677,551 | | 14,677,551 | ||||||||||||
Japan |
| 271,022,205 | | 271,022,205 | ||||||||||||
Macau |
| 5,464,010 | | 5,464,010 | ||||||||||||
Netherlands |
| 68,872,082 | | 68,872,082 | ||||||||||||
Portugal |
| 15,497,122 | | 15,497,122 | ||||||||||||
Singapore |
| 10,457,758 | | 10,457,758 | ||||||||||||
South Korea |
| 15,588,293 | | 15,588,293 | ||||||||||||
Spain |
| 39,247,328 | | 39,247,328 | ||||||||||||
Switzerland |
| 178,326,323 | | 178,326,323 | ||||||||||||
Taiwan |
| 12,129,979 | | 12,129,979 | ||||||||||||
Thailand |
8,511,374 | | | 8,511,374 | ||||||||||||
United Kingdom |
| 139,977,152 | | 139,977,152 | ||||||||||||
United States |
105,619,993 | | | 105,619,993 | ||||||||||||
Total Common Stocks |
161,367,173 | 1,220,406,291 | | 1,381,773,464 | ||||||||||||
Warrants |
| |||||||||||||||
Canada |
| 0 | | 0 | ||||||||||||
Switzerland |
221,714 | | | 221,714 | ||||||||||||
Total Warrants |
221,714 | 0 | | 221,714 | ||||||||||||
Total Short-Term Investment* |
| 12,004,465 | | 12,004,465 | ||||||||||||
Securities Lending Reinvestments |
| |||||||||||||||
Repurchase Agreements |
| 705,867 | | 705,867 | ||||||||||||
Mutual Funds |
2,000,000 | | | 2,000,000 | ||||||||||||
Total Securities Lending Reinvestments |
2,000,000 | 705,867 | | 2,705,867 | ||||||||||||
Total Investments |
$ | 163,588,887 | $ | 1,233,116,623 | $ | | $ | 1,396,705,510 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (2,705,867 | ) | $ | | $ | (2,705,867 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
BHFTI-241
Table of Contents
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks14.6% of Net Assets
Security Description | Shares | Value | ||||||
Aerospace & Defense0.1% | ||||||||
CAE, Inc. (a) |
11,507 | $ | 268,645 | |||||
Dassault Aviation SA |
574 | 107,967 | ||||||
Elbit Systems Ltd. |
1,472 | 292,550 | ||||||
Kongsberg Gruppen ASA |
10,016 | 412,462 | ||||||
MTU Aero Engines AG |
539 | 97,929 | ||||||
Rolls-Royce Holdings PLC (a) |
111,792 | 299,676 | ||||||
Safran SA |
2,140 | 334,597 | ||||||
Thales SA |
1,394 | 195,597 | ||||||
|
|
|||||||
2,009,423 | ||||||||
|
|
|||||||
Air Freight & Logistics0.0% | ||||||||
DSV AS |
67 | 12,491 | ||||||
Nippon Express Holdings, Inc. |
2,900 | 151,313 | ||||||
Yamato Holdings Co. Ltd. |
600 | 9,770 | ||||||
|
|
|||||||
173,574 | ||||||||
|
|
|||||||
Automobile Components0.1% | ||||||||
Aisin Corp. |
6,700 | 253,062 | ||||||
Bridgestone Corp. |
7,800 | 304,011 | ||||||
Cie Generale des Etablissements Michelin SCA |
17,088 | 523,744 | ||||||
Continental AG |
2,460 | 173,804 | ||||||
Denso Corp. |
12,400 | 199,016 | ||||||
Sumitomo Electric Industries Ltd. |
17,800 | 214,354 | ||||||
|
|
|||||||
1,667,991 | ||||||||
|
|
|||||||
Automobiles0.2% | ||||||||
Bayerische Motoren Werke (BMW) AG |
2,385 | 242,935 | ||||||
Ferrari NV |
2,933 | 864,402 | ||||||
Honda Motor Co. Ltd. |
63,600 | 715,134 | ||||||
Isuzu Motors Ltd. |
32,200 | 404,713 | ||||||
Renault SA |
9,755 | 399,419 | ||||||
Stellantis NV (Milan-Traded Shares) |
31,801 | 609,970 | ||||||
Subaru Corp. |
17,900 | 347,719 | ||||||
Toyota Motor Corp. |
15,600 | 280,320 | ||||||
|
|
|||||||
3,864,612 | ||||||||
|
|
|||||||
Banks0.4% | ||||||||
ABN AMRO Bank NV (GDR) |
9,677 | 137,024 | ||||||
Banco Bilbao Vizcaya Argentaria SA |
20,631 | 167,989 | ||||||
Bank Hapoalim BM |
16,973 | 150,915 | ||||||
Bank Leumi Le-Israel BM |
17,078 | 141,209 | ||||||
Bank of Montreal |
2,066 | 174,285 | ||||||
Bank of Nova Scotia |
5,567 | 249,526 | ||||||
BOC Hong Kong Holdings Ltd. |
157,000 | 428,110 | ||||||
CaixaBank SA |
69,183 | 276,723 | ||||||
Canadian Imperial Bank of Commerce |
3,482 | 134,409 | ||||||
Chiba Bank Ltd. |
25,700 | 186,425 | ||||||
Commonwealth Bank of Australia |
2,217 | 141,264 | ||||||
Concordia Financial Group Ltd. |
40,400 | 183,610 | ||||||
Credit Agricole SA |
26,012 | 320,092 | ||||||
DNB Bank ASA |
14,344 | 288,908 | ||||||
Erste Group Bank AG |
4,860 | 167,889 | ||||||
FinecoBank Banca Fineco SpA |
16,195 | 196,626 | ||||||
Hang Seng Bank Ltd. |
20,000 | 248,449 | ||||||
HSBC Holdings PLC |
22,205 | 173,955 | ||||||
Banks(Continued) | ||||||||
Israel Discount Bank Ltd. - Class A |
66,182 | 357,252 | ||||||
Japan Post Bank Co. Ltd. |
37,600 | 326,673 | ||||||
KBC Group NV |
2,797 | 174,386 | ||||||
Mitsubishi UFJ Financial Group, Inc. |
36,000 | 305,350 | ||||||
Mizrahi Tefahot Bank Ltd. |
4,642 | 168,036 | ||||||
Mizuho Financial Group, Inc. |
13,250 | 224,434 | ||||||
NatWest Group PLC |
44,359 | 126,927 | ||||||
Resona Holdings, Inc. |
47,700 | 263,626 | ||||||
Royal Bank of Canada |
2,710 | 236,832 | ||||||
Shizuoka Financial Group, Inc. |
1,700 | 13,826 | ||||||
Skandinaviska Enskilda Banken AB - Class A |
10,076 | 120,016 | ||||||
Societe Generale SA |
5,443 | 131,668 | ||||||
Sumitomo Mitsui Financial Group, Inc. |
7,000 | 343,162 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. |
7,300 | 274,180 | ||||||
Swedbank AB - A Shares |
10,206 | 187,894 | ||||||
Toronto-Dominion Bank |
3,657 | 220,322 | ||||||
|
|
|||||||
7,241,992 | ||||||||
|
|
|||||||
Beverages0.3% | ||||||||
Anheuser-Busch InBev SA |
7,477 | 411,744 | ||||||
Asahi Group Holdings Ltd. |
18,700 | 699,137 | ||||||
Budweiser Brewing Co. APAC Ltd. |
207,800 | 407,737 | ||||||
Carlsberg AS - Class B |
3,576 | 450,616 | ||||||
Coca-Cola Europacific Partners PLC |
11,191 | 699,214 | ||||||
Coca-Cola HBC AG |
22,371 | 612,286 | ||||||
Davide Campari-Milano NV |
37,586 | 443,036 | ||||||
Diageo PLC |
10,115 | 373,029 | ||||||
Heineken Holding NV |
5,075 | 381,949 | ||||||
Heineken NV |
3,983 | 350,375 | ||||||
Kirin Holdings Co. Ltd. |
18,800 | 263,685 | ||||||
Pernod Ricard SA |
1,307 | 217,564 | ||||||
Remy Cointreau SA |
1,877 | 228,671 | ||||||
Suntory Beverage & Food Ltd. |
14,000 | 426,922 | ||||||
Treasury Wine Estates Ltd. |
59,626 | 472,484 | ||||||
|
|
|||||||
6,438,449 | ||||||||
|
|
|||||||
Biotechnology0.1% | ||||||||
Argenx SE (a) |
1,224 | 595,061 | ||||||
CSL Ltd. |
2,363 | 380,720 | ||||||
Genmab AS (a) |
1,386 | 490,478 | ||||||
Grifols SA (a) |
50,266 | 650,823 | ||||||
Swedish Orphan Biovitrum AB (a) |
24,889 | 509,101 | ||||||
|
|
|||||||
2,626,183 | ||||||||
|
|
|||||||
Broadline Retail0.2% | ||||||||
Canadian Tire Corp. Ltd. - Class A |
6,458 | 694,416 | ||||||
Dollarama, Inc. |
15,105 | 1,040,696 | ||||||
Next PLC |
2,457 | 218,030 | ||||||
Pan Pacific International Holdings Corp. |
68,400 | 1,436,398 | ||||||
Prosus NV (a) |
8,406 | 247,721 | ||||||
Rakuten Group, Inc. |
31,100 | 127,364 | ||||||
Wesfarmers Ltd. |
16,758 | 569,319 | ||||||
|
|
|||||||
4,333,944 | ||||||||
|
|
BHFTI-242
Table of Contents
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Building Products0.1% | ||||||||
AGC, Inc. |
12,700 | $ | 445,950 | |||||
Assa Abloy AB - Class B |
828 | 18,039 | ||||||
Kingspan Group PLC |
2,230 | 166,246 | ||||||
Lixil Corp. |
9,500 | 110,586 | ||||||
Nibe Industrier AB - B Shares |
32,993 | 215,004 | ||||||
Rockwool AS - B Shares |
543 | 131,013 | ||||||
TOTO Ltd. |
6,600 | 170,481 | ||||||
Xinyi Glass Holdings Ltd. |
59,000 | 76,657 | ||||||
|
|
|||||||
1,333,976 | ||||||||
|
|
|||||||
Capital Markets0.2% | ||||||||
3i Group PLC |
9,488 | 238,817 | ||||||
Amundi SA |
10,403 | 583,453 | ||||||
ASX Ltd. |
4,993 | 182,275 | ||||||
Brookfield Asset Management Ltd. - Class A |
899 | 29,957 | ||||||
Brookfield Corp. |
3,596 | 112,440 | ||||||
Deutsche Boerse AG |
1,113 | 192,377 | ||||||
EQT AB |
7,233 | 142,837 | ||||||
Hargreaves Lansdown PLC |
33,289 | 312,298 | ||||||
Hong Kong Exchanges & Clearing Ltd. |
6,000 | 223,691 | ||||||
IGM Financial, Inc. |
4,548 | 115,353 | ||||||
Japan Exchange Group, Inc. |
12,600 | 233,699 | ||||||
Julius Baer Group Ltd. |
1,910 | 122,404 | ||||||
London Stock Exchange Group PLC |
2,345 | 235,407 | ||||||
Macquarie Group Ltd. |
1,506 | 162,045 | ||||||
Onex Corp. |
2,573 | 151,226 | ||||||
Singapore Exchange Ltd. |
22,200 | 157,983 | ||||||
St. Jamess Place PLC |
39,577 | 399,203 | ||||||
TMX Group Ltd. |
23,240 | 499,448 | ||||||
UBS Group AG |
7,179 | 177,449 | ||||||
|
|
|||||||
4,272,362 | ||||||||
|
|
|||||||
Chemicals0.5% | ||||||||
Air Liquide SA |
1,799 | 303,162 | ||||||
Akzo Nobel NV |
2,828 | 204,081 | ||||||
Arkema SA |
5,632 | 555,358 | ||||||
Asahi Kasei Corp. |
23,200 | 145,830 | ||||||
Chr Hansen Holding AS |
11,219 | 686,256 | ||||||
Clariant AG |
23,493 | 371,148 | ||||||
Covestro AG (a) |
6,438 | 347,498 | ||||||
Croda International PLC |
4,021 | 241,030 | ||||||
DSM-Firmenich AG |
1,713 | 144,706 | ||||||
EMS-Chemie Holding AG |
351 | 238,091 | ||||||
Givaudan SA |
141 | 461,558 | ||||||
ICL Group Ltd. |
25,362 | 140,398 | ||||||
Johnson Matthey PLC |
15,882 | 314,965 | ||||||
JSR Corp. |
7,100 | 190,560 | ||||||
Mitsubishi Chemical Group Corp. |
40,300 | 253,993 | ||||||
Mitsui Chemicals, Inc. |
500 | 12,960 | ||||||
Nippon Paint Holdings Co. Ltd. |
21,675 | 145,757 | ||||||
Nippon Sanso Holdings Corp. |
11,100 | 263,077 | ||||||
Nissan Chemical Corp. |
4,900 | 208,296 | ||||||
Nitto Denko Corp. |
2,700 | 177,001 | ||||||
Novozymes AS - B Shares |
10,318 | 415,953 | ||||||
Nutrien Ltd. |
3,998 | 246,900 | ||||||
OCI NV (a) |
7,389 | 205,525 | ||||||
Chemicals(Continued) | ||||||||
Orica Ltd. |
43,374 | 435,534 | ||||||
Shin-Etsu Chemical Co. Ltd. |
6,500 | 188,659 | ||||||
Sika AG |
1,094 | 277,282 | ||||||
Solvay SA |
6,011 | 664,885 | ||||||
Sumitomo Chemical Co. Ltd. |
52,700 | 143,445 | ||||||
Symrise AG |
3,177 | 303,458 | ||||||
Toray Industries, Inc. |
36,900 | 191,936 | ||||||
Tosoh Corp. |
13,100 | 168,015 | ||||||
Umicore SA |
13,228 | 313,692 | ||||||
Yara International ASA |
14,968 | 566,891 | ||||||
|
|
|||||||
9,527,900 | ||||||||
|
|
|||||||
Commercial Services & Supplies0.1% | ||||||||
Brambles Ltd. |
33,059 | 304,263 | ||||||
Dai Nippon Printing Co. Ltd. |
22,300 | 580,012 | ||||||
RB Global, Inc. |
7,135 | 446,722 | ||||||
Rentokil Initial PLC |
41,365 | 306,648 | ||||||
Securitas AB - B Shares |
14,937 | 117,930 | ||||||
TOPPAN, Inc. |
7,600 | 181,638 | ||||||
|
|
|||||||
1,937,213 | ||||||||
|
|
|||||||
Communications Equipment0.1% | ||||||||
Nokia Oyj |
125,858 | 473,342 | ||||||
Telefonaktiebolaget LM Ericsson - B Shares |
121,079 | 588,104 | ||||||
|
|
|||||||
1,061,446 | ||||||||
|
|
|||||||
Construction & Engineering0.1% | ||||||||
ACS Actividades de Construccion y Servicios SA |
9,639 | 347,111 | ||||||
Ferrovial SE |
7,239 | 220,726 | ||||||
Obayashi Corp. |
17,800 | 156,729 | ||||||
Shimizu Corp. |
25,700 | 178,675 | ||||||
WSP Global, Inc. |
3,379 | 476,903 | ||||||
|
|
|||||||
1,380,144 | ||||||||
|
|
|||||||
Construction Materials0.1% | ||||||||
CRH PLC |
10,173 | 561,093 | ||||||
Heidelberg Materials AG |
2,883 | 223,959 | ||||||
Holcim AG |
8,408 | 538,327 | ||||||
James Hardie Industries PLC (a) |
11,076 | 289,010 | ||||||
|
|
|||||||
1,612,389 | ||||||||
|
|
|||||||
Consumer Finance0.0% | ||||||||
Isracard Ltd. |
1 | 2 | ||||||
|
|
|||||||
Consumer Staples Distribution & Retail0.4% | ||||||||
Aeon Co. Ltd. |
22,400 | 443,838 | ||||||
Alimentation Couche-Tard, Inc. |
10,304 | 523,298 | ||||||
Carrefour SA |
15,871 | 272,941 | ||||||
Coles Group Ltd. |
42,499 | 423,256 | ||||||
Empire Co. Ltd. - Class A |
14,251 | 387,686 | ||||||
Endeavour Group Ltd. |
74,002 | 250,409 | ||||||
George Weston Ltd. |
4,806 | 532,986 | ||||||
HelloFresh SE (a) |
18,607 | 556,328 | ||||||
J Sainsbury PLC |
170,804 | 525,503 | ||||||
Jeronimo Martins SGPS SA |
453 | 10,167 |
BHFTI-243
Table of Contents
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Consumer Staples Distribution & Retail(Continued) | ||||||||
Kesko Oyj - B Shares |
15,358 | $ | 274,714 | |||||
Kobe Bussan Co. Ltd. |
10,700 | 250,947 | ||||||
Koninklijke Ahold Delhaize NV |
35,547 | 1,071,852 | ||||||
Loblaw Cos. Ltd. |
7,992 | 679,018 | ||||||
Metro, Inc. |
5,789 | 300,649 | ||||||
Ocado Group PLC (a) |
23,237 | 169,061 | ||||||
Seven & i Holdings Co. Ltd. |
12,600 | 493,411 | ||||||
Tesco PLC |
134,156 | 431,360 | ||||||
Welcia Holdings Co. Ltd. |
21,500 | 371,612 | ||||||
|
|
|||||||
7,969,036 | ||||||||
|
|
|||||||
Containers & Packaging0.0% | ||||||||
CCL Industries, Inc. - Class B |
4,654 | 195,343 | ||||||
Smurfit Kappa Group PLC |
10,676 | 353,198 | ||||||
|
|
|||||||
548,541 | ||||||||
|
|
|||||||
Diversified Consumer Services0.0% | ||||||||
Pearson PLC |
62,852 | 664,903 | ||||||
|
|
|||||||
Diversified REITs0.0% | ||||||||
Daiwa House REIT Investment Corp. |
9 | 15,881 | ||||||
Mirvac Group |
148,690 | 204,310 | ||||||
Nomura Real Estate Master Fund, Inc. |
306 | 343,295 | ||||||
|
|
|||||||
563,486 | ||||||||
|
|
|||||||
Diversified Telecommunication Services0.9% | ||||||||
BT Group PLC |
408,264 | 579,920 | ||||||
Cellnex Telecom SA (a) |
15,217 | 529,116 | ||||||
Deutsche Telekom AG |
33,787 | 709,508 | ||||||
Elisa Oyj |
18,440 | 855,526 | ||||||
HKT Trust & HKT Ltd. |
1,715,000 | 1,788,679 | ||||||
Infrastrutture Wireless Italiane SpA |
45,657 | 542,068 | ||||||
Koninklijke KPN NV |
360,206 | 1,187,197 | ||||||
Nippon Telegraph & Telephone Corp. |
1,212,500 | 1,432,081 | ||||||
Orange SA |
111,175 | 1,275,779 | ||||||
Singapore Telecommunications Ltd. |
830,900 | 1,465,686 | ||||||
Spark New Zealand Ltd. |
434,434 | 1,252,396 | ||||||
Swisscom AG |
3,363 | 1,997,848 | ||||||
Telefonica Deutschland Holding AG |
254,709 | 456,313 | ||||||
Telefonica SA |
165,496 | 677,182 | ||||||
Telenor ASA |
68,124 | 772,795 | ||||||
Telia Co. AB |
595,696 | 1,229,858 | ||||||
Telstra Group Ltd. |
110,275 | 272,696 | ||||||
TELUS Corp. |
771 | 12,590 | ||||||
|
|
|||||||
17,037,238 | ||||||||
|
|
|||||||
Electric Utilities0.9% | ||||||||
Acciona SA |
2,825 | 359,197 | ||||||
BKW AG |
8,686 | 1,531,105 | ||||||
Chubu Electric Power Co., Inc. |
105,500 | 1,349,566 | ||||||
CK Infrastructure Holdings Ltd. |
281,665 | 1,332,673 | ||||||
CLP Holdings Ltd. |
229,500 | 1,692,473 | ||||||
EDP - Energias de Portugal SA |
185,688 | 772,712 | ||||||
Elia Group SA |
7,795 | 761,824 | ||||||
Emera, Inc. |
12,898 | 450,302 | ||||||
Electric Utilities(Continued) | ||||||||
Endesa SA |
15,075 | 306,398 | ||||||
Enel SpA |
41,848 | 256,789 | ||||||
Fortis, Inc. |
8,904 | 338,198 | ||||||
Fortum Oyj |
49,836 | 578,239 | ||||||
Hydro One Ltd. |
23,153 | 589,458 | ||||||
Iberdrola SA |
29,000 | 323,797 | ||||||
Kansai Electric Power Co., Inc. |
126,100 | 1,754,285 | ||||||
Origin Energy Ltd. |
53,158 | 299,885 | ||||||
Orsted AS |
11,484 | 625,228 | ||||||
Power Assets Holdings Ltd. |
290,500 | 1,401,218 | ||||||
Redeia Corp. SA |
15,619 | 245,304 | ||||||
SSE PLC |
31,655 | 620,275 | ||||||
Terna - Rete Elettrica Nazionale |
53,134 | 399,723 | ||||||
Tokyo Electric Power Co. Holdings, Inc. (a) |
174,000 | 778,053 | ||||||
Verbund AG |
6,720 | 546,512 | ||||||
|
|
|||||||
17,313,214 | ||||||||
|
|
|||||||
Electrical Equipment0.0% | ||||||||
ABB Ltd. |
881 | 31,484 | ||||||
Fuji Electric Co. Ltd. |
8,900 | 401,420 | ||||||
Nidec Corp. |
100 | 4,632 | ||||||
Prysmian SpA |
4,816 | 193,216 | ||||||
Vestas Wind Systems AS (a) |
6,149 | 131,246 | ||||||
|
|
|||||||
761,998 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components0.2% | ||||||||
Azbil Corp. |
7,300 | 223,362 | ||||||
Halma PLC |
7,948 | 186,729 | ||||||
Hamamatsu Photonics KK |
6,000 | 252,267 | ||||||
Hexagon AB - B Shares |
39,895 | 339,543 | ||||||
Hirose Electric Co. Ltd. |
2,410 | 279,021 | ||||||
Ibiden Co. Ltd. |
6,600 | 349,872 | ||||||
Keyence Corp. |
652 | 242,330 | ||||||
Kyocera Corp. |
11,000 | 557,895 | ||||||
Murata Manufacturing Co. Ltd. |
11,700 | 213,827 | ||||||
Omron Corp. |
4,000 | 178,170 | ||||||
Shimadzu Corp. |
14,700 | 390,391 | ||||||
TDK Corp. |
11,319 | 419,179 | ||||||
Venture Corp. Ltd. |
75,700 | 685,565 | ||||||
Yokogawa Electric Corp. |
13,300 | 256,827 | ||||||
|
|
|||||||
4,574,978 | ||||||||
|
|
|||||||
Energy Equipment & Services0.0% | ||||||||
Tenaris SA |
41,829 | 660,941 | ||||||
|
|
|||||||
Entertainment0.3% | ||||||||
Bollore SE |
120,828 | 648,904 | ||||||
Capcom Co. Ltd. |
21,600 | 776,156 | ||||||
Embracer Group AB (a) |
164,954 | 328,561 | ||||||
Koei Tecmo Holdings Co. Ltd. |
18,960 | 269,484 | ||||||
Konami Group Corp. |
6,300 | 332,133 | ||||||
Nexon Co. Ltd. |
13,700 | 243,213 | ||||||
Nintendo Co. Ltd. |
14,610 | 608,656 | ||||||
Sea Ltd. (ADR) (a) |
9,181 | 403,505 | ||||||
Square Enix Holdings Co. Ltd. |
11,900 | 407,717 |
BHFTI-244
Table of Contents
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Entertainment(Continued) | ||||||||
Toho Co. Ltd. |
13,700 | $ | 467,379 | |||||
Universal Music Group NV |
16,323 | 424,476 | ||||||
|
|
|||||||
4,910,184 | ||||||||
|
|
|||||||
Financial Services0.1% | ||||||||
Adyen NV (a) |
221 | 163,820 | ||||||
Edenred SE |
4,628 | 289,159 | ||||||
EXOR NV |
3,215 | 284,988 | ||||||
Groupe Bruxelles Lambert NV |
151 | 11,223 | ||||||
L E Lundbergforetagen AB - B Shares |
3,278 | 136,630 | ||||||
Mitsubishi HC Capital, Inc. |
31,200 | 207,808 | ||||||
Nexi SpA (a) |
78,525 | 479,283 | ||||||
Nuvei Corp. |
4,806 | 72,077 | ||||||
ORIX Corp. |
1,700 | 31,742 | ||||||
Sofina SA |
972 | 195,857 | ||||||
Washington H Soul Pattinson & Co. Ltd. |
38,185 | 798,814 | ||||||
Wendel SE |
1,750 | 138,280 | ||||||
|
|
|||||||
2,809,681 | ||||||||
|
|
|||||||
Food Products0.7% | ||||||||
Ajinomoto Co., Inc. |
33,100 | 1,275,682 | ||||||
Associated British Foods PLC |
30,775 | 773,523 | ||||||
Barry Callebaut AG |
441 | 701,041 | ||||||
Chocoladefabriken Lindt & Spruengli AG |
9 | 986,736 | ||||||
Danone SA |
4,466 | 246,058 | ||||||
JDE Peets NV |
21,557 | 601,806 | ||||||
Kerry Group PLC - Class A |
12,269 | 1,024,190 | ||||||
Kikkoman Corp. |
8,300 | 435,243 | ||||||
MEIJI Holdings Co. Ltd. |
37,200 | 924,767 | ||||||
Mowi ASA |
14,868 | 263,228 | ||||||
Nestle SA |
7,164 | 808,969 | ||||||
Nisshin Seifun Group, Inc. |
35,000 | 446,177 | ||||||
Nissin Foods Holdings Co. Ltd. |
10,500 | 872,281 | ||||||
Salmar ASA |
11,961 | 605,249 | ||||||
Saputo, Inc. |
16,806 | 351,401 | ||||||
WH Group Ltd. |
1,757,603 | 917,096 | ||||||
Wilmar International Ltd. |
259,000 | 704,273 | ||||||
Yakult Honsha Co. Ltd. |
19,400 | 471,229 | ||||||
|
|
|||||||
12,408,949 | ||||||||
|
|
|||||||
Gas Utilities0.5% | ||||||||
AltaGas Ltd. |
28,672 | 549,903 | ||||||
APA Group |
81,652 | 435,166 | ||||||
Enagas SA |
11,322 | 187,361 | ||||||
Hong Kong & China Gas Co. Ltd. |
2,123,270 | 1,479,316 | ||||||
Naturgy Energy Group SA |
10,000 | 271,586 | ||||||
Osaka Gas Co. Ltd. |
158,000 | 2,606,484 | ||||||
Snam SpA |
78,165 | 366,956 | ||||||
Tokyo Gas Co. Ltd. |
129,000 | 2,931,482 | ||||||
|
|
|||||||
8,828,254 | ||||||||
|
|
|||||||
Ground Transportation0.2% | ||||||||
Aurizon Holdings Ltd. |
124,519 | 279,039 | ||||||
Canadian National Railway Co. |
3,816 | 413,249 | ||||||
Canadian Pacific Kansas City Ltd. |
6,019 | 447,398 | ||||||
Ground Transportation(Continued) | ||||||||
Central Japan Railway Co. |
9,500 | 230,997 | ||||||
East Japan Railway Co. |
2,700 | 154,518 | ||||||
Hankyu Hanshin Holdings, Inc. |
8,400 | 286,558 | ||||||
Keio Corp. |
7,300 | 251,115 | ||||||
Keisei Electric Railway Co. Ltd. |
6,600 | 228,601 | ||||||
Kintetsu Group Holdings Co. Ltd. |
11,300 | 320,316 | ||||||
MTR Corp. Ltd. |
48,000 | 189,191 | ||||||
Odakyu Electric Railway Co. Ltd. |
900 | 13,450 | ||||||
TFI International, Inc. |
3,547 | 455,541 | ||||||
Tobu Railway Co. Ltd. |
16,800 | 431,770 | ||||||
Tokyu Corp. |
25,400 | 292,898 | ||||||
West Japan Railway Co. |
4,700 | 194,461 | ||||||
|
|
|||||||
4,189,102 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies0.4% | ||||||||
Alcon, Inc. |
9,482 | 732,717 | ||||||
Asahi Intecc Co. Ltd. |
13,000 | 233,598 | ||||||
BioMerieux |
3,920 | 379,002 | ||||||
Carl Zeiss Meditec AG |
2,979 | 260,583 | ||||||
Cochlear Ltd. |
3,272 | 536,356 | ||||||
Coloplast AS - Class B |
6,489 | 684,708 | ||||||
Demant AS (a) |
12,077 | 500,128 | ||||||
DiaSorin SpA |
3,010 | 274,014 | ||||||
EssilorLuxottica SA |
1,407 | 244,575 | ||||||
Getinge AB - B Shares |
20,511 | 360,348 | ||||||
Hoya Corp. |
2,900 | 298,855 | ||||||
Koninklijke Philips NV |
12,429 | 247,704 | ||||||
Olympus Corp. |
15,500 | 200,819 | ||||||
Siemens Healthineers AG |
7,171 | 364,250 | ||||||
Smith & Nephew PLC |
51,893 | 645,011 | ||||||
Sonova Holding AG |
1,811 | 429,168 | ||||||
Straumann Holding AG |
3,770 | 478,846 | ||||||
Sysmex Corp. |
4,862 | 231,869 | ||||||
Terumo Corp. |
11,400 | 302,010 | ||||||
|
|
|||||||
7,404,561 | ||||||||
|
|
|||||||
Health Care Providers & Services0.1% | ||||||||
Amplifon SpA |
15,888 | 470,521 | ||||||
EBOS Group Ltd. |
6,168 | 125,287 | ||||||
Fresenius SE & Co. KGaA |
13,123 | 409,074 | ||||||
NMC Health PLC (a) (b) (c) |
1,427 | 0 | ||||||
Ramsay Health Care Ltd. |
14,367 | 478,914 | ||||||
Sonic Healthcare Ltd. |
22,139 | 423,575 | ||||||
|
|
|||||||
1,907,371 | ||||||||
|
|
|||||||
Health Care Technology0.0% | ||||||||
M3, Inc. |
7,241 | 131,436 | ||||||
|
|
|||||||
Hotels, Restaurants & Leisure0.3% | ||||||||
Accor SA |
16,878 | 568,284 | ||||||
Amadeus IT Group SA |
7,895 | 475,782 | ||||||
Aristocrat Leisure Ltd. |
10,669 | 279,968 | ||||||
Compass Group PLC |
9,513 | 231,753 | ||||||
Delivery Hero SE (a) |
4,885 | 140,299 |
BHFTI-245
Table of Contents
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Hotels, Restaurants & Leisure(Continued) | ||||||||
Entain PLC |
14,254 | $ | 162,240 | |||||
Evolution AB |
1,335 | 134,525 | ||||||
Flutter Entertainment PLC (a) |
2,281 | 372,312 | ||||||
Galaxy Entertainment Group Ltd. (a) |
84,000 | 502,456 | ||||||
Genting Singapore Ltd. |
1,015,000 | 627,227 | ||||||
InterContinental Hotels Group PLC |
4,274 | 315,090 | ||||||
Just Eat Takeaway.com NV (a) |
12,304 | 152,305 | ||||||
La Francaise des Jeux SAEM |
12,565 | 408,053 | ||||||
Lottery Corp. Ltd. |
75,512 | 228,740 | ||||||
McDonalds Holdings Co. Japan Ltd. |
14,100 | 539,350 | ||||||
Oriental Land Co. Ltd. |
10,000 | 328,285 | ||||||
Restaurant Brands International, Inc. |
6,976 | 464,553 | ||||||
Sodexo SA |
3,277 | 337,489 | ||||||
Whitbread PLC |
7,204 | 303,047 | ||||||
|
|
|||||||
6,571,758 | ||||||||
|
|
|||||||
Household Durables0.1% | ||||||||
Barratt Developments PLC |
30,881 | 165,663 | ||||||
Berkeley Group Holdings PLC |
4,419 | 220,419 | ||||||
Iida Group Holdings Co. Ltd. |
2,000 | 33,252 | ||||||
Open House Group Co. Ltd. |
3,900 | 132,318 | ||||||
SEB SA |
7,101 | 662,599 | ||||||
Sekisui Chemical Co. Ltd. |
12,100 | 174,189 | ||||||
Sekisui House Ltd. |
12,000 | 238,932 | ||||||
Sony Group Corp. |
2,700 | 220,865 | ||||||
|
|
|||||||
1,848,237 | ||||||||
|
|
|||||||
Household Products0.1% | ||||||||
Essity AB - Class B |
23,676 | 510,224 | ||||||
Henkel AG & Co. KGaA |
12,549 | 792,452 | ||||||
Reckitt Benckiser Group PLC |
8,208 | 580,063 | ||||||
Unicharm Corp. |
17,100 | 603,322 | ||||||
|
|
|||||||
2,486,061 | ||||||||
|
|
|||||||
Independent Power and Renewable Electricity Producers0.2% | ||||||||
Brookfield Renewable Corp. - Class A |
13,826 | 330,928 | ||||||
Corp. ACCIONA Energias Renovables SA |
14,424 | 371,966 | ||||||
EDP Renovaveis SA |
29,583 | 483,928 | ||||||
Meridian Energy Ltd. |
297,851 | 917,600 | ||||||
RWE AG |
19,021 | 706,853 | ||||||
|
|
|||||||
2,811,275 | ||||||||
|
|
|||||||
Industrial Conglomerates0.2% | ||||||||
CK Hutchison Holdings Ltd. |
75,000 | 399,723 | ||||||
DCC PLC |
2,210 | 123,897 | ||||||
Hitachi Ltd. |
2,900 | 179,784 | ||||||
Jardine Cycle & Carriage Ltd. |
30,100 | 700,896 | ||||||
Jardine Matheson Holdings Ltd. |
12,200 | 566,088 | ||||||
Keppel Corp. Ltd. |
84,500 | 419,400 | ||||||
Siemens AG |
1,330 | 190,673 | ||||||
Smiths Group PLC |
11,870 | 233,883 | ||||||
|
|
|||||||
2,814,344 | ||||||||
|
|
|||||||
Industrial REITs0.1% | ||||||||
CapitaLand Ascendas REIT |
110,100 | 221,302 | ||||||
Industrial REITs(Continued) | ||||||||
GLP J-REIT |
341 | 305,139 | ||||||
Goodman Group |
15,184 | 210,348 | ||||||
Mapletree Logistics Trust |
517,000 | 634,269 | ||||||
Nippon Prologis REIT, Inc. |
15 | 28,130 | ||||||
Segro PLC |
13,306 | 116,072 | ||||||
|
|
|||||||
1,515,260 | ||||||||
|
|
|||||||
Insurance0.3% | ||||||||
Admiral Group PLC |
6,107 | 176,629 | ||||||
Ageas SA |
5,312 | 219,061 | ||||||
AIA Group Ltd. |
42,000 | 339,741 | ||||||
Baloise Holding AG |
1,325 | 192,226 | ||||||
Dai-ichi Life Holdings, Inc. |
8,200 | 170,607 | ||||||
Fairfax Financial Holdings Ltd. |
368 | 300,407 | ||||||
Gjensidige Forsikring ASA |
39,514 | 580,648 | ||||||
Hannover Rueck SE |
1,069 | 234,911 | ||||||
iA Financial Corp., Inc. |
3,320 | 208,256 | ||||||
Insurance Australia Group Ltd. |
77,212 | 282,085 | ||||||
Intact Financial Corp. |
1,865 | 271,899 | ||||||
Japan Post Holdings Co. Ltd. |
34,400 | 275,010 | ||||||
Japan Post Insurance Co. Ltd. |
8,000 | 134,559 | ||||||
Manulife Financial Corp. |
15,810 | 288,904 | ||||||
Medibank Pvt Ltd. |
151,817 | 335,588 | ||||||
MS&AD Insurance Group Holdings, Inc. |
7,400 | 270,658 | ||||||
NN Group NV |
2,183 | 69,958 | ||||||
Poste Italiane SpA |
28,976 | 304,676 | ||||||
Prudential PLC |
8,824 | 95,018 | ||||||
Sampo Oyj - A Shares |
3,212 | 138,862 | ||||||
Sompo Holdings, Inc. |
4,100 | 175,501 | ||||||
Suncorp Group Ltd. |
22,084 | 199,084 | ||||||
Swiss Life Holding AG |
240 | 149,503 | ||||||
Swiss Re AG |
1,951 | 200,267 | ||||||
T&D Holdings, Inc. |
10,700 | 175,663 | ||||||
Tokio Marine Holdings, Inc. |
12,600 | 290,460 | ||||||
Tryg AS |
6,726 | 123,012 | ||||||
Zurich Insurance Group AG |
304 | 139,304 | ||||||
|
|
|||||||
6,342,497 | ||||||||
|
|
|||||||
Interactive Media & Services0.2% | ||||||||
Auto Trader Group PLC |
83,375 | 624,970 | ||||||
REA Group Ltd. |
4,213 | 417,115 | ||||||
Scout24 SE |
20,594 | 1,430,049 | ||||||
SEEK Ltd. |
26,506 | 375,189 | ||||||
Z Holdings Corp. |
147,000 | 410,404 | ||||||
|
|
|||||||
3,257,727 | ||||||||
|
|
|||||||
IT Services0.2% | ||||||||
Bechtle AG |
8,202 | 384,138 | ||||||
Capgemini SE |
1,087 | 188,745 | ||||||
CGI, Inc. (a) |
3,195 | 314,925 | ||||||
Fujitsu Ltd. |
1,400 | 164,719 | ||||||
Itochu Techno-Solutions Corp. |
8,100 | 234,307 | ||||||
NEC Corp. |
15,800 | 872,692 | ||||||
Nomura Research Institute Ltd. |
8,300 | 215,999 | ||||||
NTT Data Group Corp. |
15,300 | 204,993 |
BHFTI-246
Table of Contents
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
IT Services(Continued) | ||||||||
Obic Co. Ltd. |
1,800 | $ | 273,855 | |||||
Otsuka Corp. |
7,000 | 296,406 | ||||||
SCSK Corp. |
13,600 | 237,224 | ||||||
Shopify, Inc. - Class A (a) |
4,200 | 229,257 | ||||||
TIS, Inc. |
12,900 | 283,943 | ||||||
Wix.com Ltd. (a) |
6,974 | 640,213 | ||||||
|
|
|||||||
4,541,416 | ||||||||
|
|
|||||||
Leisure Products0.0% | ||||||||
Bandai Namco Holdings, Inc. |
10,083 | 205,074 | ||||||
Shimano, Inc. |
1,400 | 189,039 | ||||||
Yamaha Corp. |
12,400 | 338,621 | ||||||
|
|
|||||||
732,734 | ||||||||
|
|
|||||||
Life Sciences Tools & Services0.1% | ||||||||
Bachem Holding AG |
5,290 | 389,999 | ||||||
Eurofins Scientific SE |
7,531 | 424,617 | ||||||
Lonza Group AG |
1,039 | 480,690 | ||||||
QIAGEN NV (a) |
13,019 | 526,905 | ||||||
Sartorius Stedim Biotech |
1,040 | 247,495 | ||||||
|
|
|||||||
2,069,706 | ||||||||
|
|
|||||||
Machinery0.3% | ||||||||
Alfa Laval AB |
8,741 | 299,060 | ||||||
CNH Industrial NV |
19,518 | 236,454 | ||||||
Daifuku Co. Ltd. |
7,800 | 147,486 | ||||||
Daimler Truck Holding AG |
6,391 | 221,643 | ||||||
GEA Group AG |
4,611 | 170,436 | ||||||
Hitachi Construction Machinery Co. Ltd. |
9,800 | 298,135 | ||||||
Hoshizaki Corp. |
400 | 13,895 | ||||||
Husqvarna AB - B Shares |
15,232 | 116,151 | ||||||
Knorr-Bremse AG |
2,412 | 153,389 | ||||||
Komatsu Ltd. |
12,300 | 332,403 | ||||||
Kone Oyj - Class B |
3,199 | 134,881 | ||||||
Kurita Water Industries Ltd. |
4,900 | 170,809 | ||||||
Makita Corp. |
5,900 | 146,154 | ||||||
MISUMI Group, Inc. |
5,600 | 87,433 | ||||||
Mitsubishi Heavy Industries Ltd. |
5,400 | 302,541 | ||||||
NGK Insulators Ltd. |
14,600 | 193,513 | ||||||
Rational AG |
1,096 | 693,888 | ||||||
Sandvik AB |
36,076 | 661,420 | ||||||
Schindler Holding AG |
1,240 | 238,523 | ||||||
Seatrium Ltd. (a) |
1,612,685 | 157,562 | ||||||
Spirax-Sarco Engineering PLC |
1,231 | 142,349 | ||||||
Wartsila Oyj Abp |
21,923 | 248,503 | ||||||
Yaskawa Electric Corp. |
11,900 | 429,001 | ||||||
|
|
|||||||
5,595,629 | ||||||||
|
|
|||||||
Marine Transportation0.0% | ||||||||
AP Moller - Maersk AS - Class A |
92 | 163,225 | ||||||
Nippon Yusen KK |
5,100 | 132,158 | ||||||
|
|
|||||||
295,383 | ||||||||
|
|
|||||||
Media0.1% | ||||||||
CyberAgent, Inc. |
47,900 | 258,208 | ||||||
Media(Continued) | ||||||||
Dentsu Group, Inc. |
15,200 | 447,308 | ||||||
Hakuhodo DY Holdings, Inc. |
21,000 | 172,575 | ||||||
Informa PLC |
48,650 | 443,316 | ||||||
Publicis Groupe SA |
6,251 | 472,055 | ||||||
Vivendi SE |
67,443 | 591,771 | ||||||
|
|
|||||||
2,385,233 | ||||||||
|
|
|||||||
Metals & Mining0.4% | ||||||||
Agnico Eagle Mines Ltd. |
7,423 | 337,307 | ||||||
Anglo American PLC |
7,138 | 197,625 | ||||||
Antofagasta PLC |
20,750 | 359,456 | ||||||
ArcelorMittal SA |
5,214 | 130,402 | ||||||
Barrick Gold Corp. |
29,127 | 423,100 | ||||||
BHP Group Ltd. - Class DI |
597 | 16,914 | ||||||
BHP Group Ltd. (London-Traded Shares) - Class DI |
10,438 | 295,975 | ||||||
BlueScope Steel Ltd. |
19,468 | 243,129 | ||||||
Boliden AB |
10,935 | 311,251 | ||||||
First Quantum Minerals Ltd. |
7,954 | 187,921 | ||||||
Fortescue Metals Group Ltd. |
22,935 | 307,578 | ||||||
Franco-Nevada Corp. |
3,056 | 407,984 | ||||||
Glencore PLC |
34,171 | 195,417 | ||||||
Ivanhoe Mines Ltd. - Class A (a) |
23,597 | 202,223 | ||||||
JFE Holdings, Inc. |
13,400 | 196,900 | ||||||
Kinross Gold Corp. |
64,827 | 295,438 | ||||||
Newcrest Mining Ltd. |
22,841 | 361,797 | ||||||
Nippon Steel Corp. |
13,900 | 325,779 | ||||||
Norsk Hydro ASA |
58,451 | 366,871 | ||||||
Pan American Silver Corp. |
11,795 | 170,727 | ||||||
Rio Tinto Ltd. |
3,012 | 221,317 | ||||||
Rio Tinto PLC |
7,318 | 459,696 | ||||||
South32 Ltd. |
98,033 | 214,475 | ||||||
Sumitomo Metal Mining Co. Ltd. |
4,600 | 135,278 | ||||||
Teck Resources Ltd. - Class B |
7,275 | 313,121 | ||||||
Wheaton Precious Metals Corp. |
10,611 | 430,612 | ||||||
|
|
|||||||
7,108,293 | ||||||||
|
|
|||||||
Multi-Utilities0.2% | ||||||||
Algonquin Power & Utilities Corp. |
117,962 | 698,262 | ||||||
E.ON SE |
92,672 | 1,097,751 | ||||||
Engie SA |
41,184 | 631,491 | ||||||
National Grid PLC |
56,837 | 678,449 | ||||||
Veolia Environnement SA |
23,369 | 676,068 | ||||||
|
|
|||||||
3,782,021 | ||||||||
|
|
|||||||
Office REITs0.1% | ||||||||
Covivio SA |
1,553 | 68,901 | ||||||
Gecina SA |
4,290 | 436,883 | ||||||
Japan Real Estate Investment Corp. |
52 | 202,800 | ||||||
Nippon Building Fund, Inc. |
55 | 222,971 | ||||||
|
|
|||||||
931,555 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels1.2% | ||||||||
Aker BP ASA |
21,496 | 594,086 | ||||||
Ampol Ltd. |
38,735 | 842,147 | ||||||
ARC Resources Ltd. |
46,922 | 748,956 |
BHFTI-247
Table of Contents
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Oil, Gas & Consumable Fuels(Continued) | ||||||||
BP PLC |
239,406 | $ | 1,545,808 | |||||
Cameco Corp. |
27,584 | 1,094,424 | ||||||
Canadian Natural Resources Ltd. |
8,158 | 527,590 | ||||||
Enbridge, Inc. |
15,752 | 522,457 | ||||||
ENEOS Holdings, Inc. |
304,700 | 1,202,004 | ||||||
Eni SpA |
43,895 | 705,017 | ||||||
Equinor ASA |
31,168 | 1,021,893 | ||||||
Galp Energia SGPS SA |
110,045 | 1,630,115 | ||||||
Idemitsu Kosan Co. Ltd. |
41,876 | 963,022 | ||||||
Imperial Oil Ltd. |
10,183 | 627,211 | ||||||
Inpex Corp. |
53,900 | 808,899 | ||||||
Keyera Corp. |
23,315 | 547,407 | ||||||
Neste Oyj |
19,549 | 663,876 | ||||||
OMV AG |
22,985 | 1,097,557 | ||||||
Parkland Corp. |
23,742 | 694,474 | ||||||
Pembina Pipeline Corp. |
15,410 | 463,349 | ||||||
Repsol SA |
58,379 | 961,012 | ||||||
Santos Ltd. |
116,860 | 591,742 | ||||||
Shell PLC |
43,338 | 1,375,982 | ||||||
Suncor Energy, Inc. |
16,650 | 572,591 | ||||||
TC Energy Corp. |
15,849 | 545,045 | ||||||
TotalEnergies SE |
18,100 | 1,191,113 | ||||||
Tourmaline Oil Corp. |
11,328 | 570,049 | ||||||
Woodside Energy Group Ltd. |
30,500 | 710,605 | ||||||
|
|
|||||||
22,818,431 | ||||||||
|
|
|||||||
Paper & Forest Products0.1% | ||||||||
Holmen AB - B Shares |
13,256 | 514,669 | ||||||
Mondi PLC |
17,559 | 292,921 | ||||||
Oji Holdings Corp. |
58,800 | 249,293 | ||||||
Stora Enso Oyj - R Shares |
33,121 | 414,606 | ||||||
Svenska Cellulosa AB SCA - Class B |
22,335 | 305,452 | ||||||
UPM-Kymmene Oyj |
15,647 | 535,188 | ||||||
West Fraser Timber Co. Ltd. |
2,236 | 162,335 | ||||||
|
|
|||||||
2,474,464 | ||||||||
|
|
|||||||
Passenger Airlines0.0% | ||||||||
Air Canada (a) |
12,071 | 172,233 | ||||||
ANA Holdings, Inc. (a) |
9,000 | 188,599 | ||||||
Japan Airlines Co. Ltd. |
7,700 | 149,768 | ||||||
Qantas Airways Ltd. (a) |
40,567 | 135,029 | ||||||
|
|
|||||||
645,629 | ||||||||
|
|
|||||||
Personal Care Products0.2% | ||||||||
Beiersdorf AG |
6,095 | 787,012 | ||||||
Haleon PLC |
92,055 | 381,988 | ||||||
Kao Corp. |
12,600 | 467,872 | ||||||
Kobayashi Pharmaceutical Co. Ltd. |
6,500 | 290,221 | ||||||
Kose Corp. |
3,298 | 239,083 | ||||||
LOreal SA |
724 | 299,837 | ||||||
Shiseido Co. Ltd. |
8,000 | 280,846 | ||||||
Unilever PLC |
12,473 | 615,519 | ||||||
|
|
|||||||
3,362,378 | ||||||||
|
|
|||||||
Pharmaceuticals0.7% | ||||||||
Astellas Pharma, Inc. |
23,900 | 330,116 | ||||||
AstraZeneca PLC |
4,166 | 560,647 | ||||||
Bayer AG |
4,838 | 232,369 | ||||||
Chugai Pharmaceutical Co. Ltd. |
8,200 | 254,078 | ||||||
Daiichi Sankyo Co. Ltd. |
15,200 | 417,177 | ||||||
Eisai Co. Ltd. |
5,900 | 327,537 | ||||||
GSK PLC |
17,427 | 315,040 | ||||||
Hikma Pharmaceuticals PLC |
17,769 | 452,736 | ||||||
Ipsen SA |
4,554 | 596,474 | ||||||
Kyowa Kirin Co. Ltd. |
23,100 | 402,292 | ||||||
Merck KGaA |
2,294 | 383,421 | ||||||
Nippon Shinyaku Co. Ltd. |
13,100 | 554,441 | ||||||
Novartis AG |
12,166 | 1,241,466 | ||||||
Novo Nordisk AS |
10,680 | 971,515 | ||||||
Ono Pharmaceutical Co. Ltd. |
20,800 | 398,939 | ||||||
Orion Oyj - Class B |
9,407 | 369,495 | ||||||
Otsuka Holdings Co. Ltd. |
18,700 | 665,248 | ||||||
Recordati Industria Chimica e Farmaceutica SpA |
8,257 | 389,277 | ||||||
Roche Holding AG (Bearer Shares) |
2,911 | 856,469 | ||||||
Sanofi |
3,012 | 323,194 | ||||||
Shionogi & Co. Ltd. |
7,600 | 339,836 | ||||||
Takeda Pharmaceutical Co. Ltd. |
23,538 | 730,995 | ||||||
Teva Pharmaceutical Industries Ltd. (ADR) (a) |
67,696 | 690,499 | ||||||
UCB SA |
7,675 | 628,026 | ||||||
|
|
|||||||
12,431,287 | ||||||||
|
|
|||||||
Professional Services0.1% | ||||||||
Adecco Group AG |
4,462 | 183,025 | ||||||
Computershare Ltd. |
37,930 | 634,480 | ||||||
Intertek Group PLC |
2,448 | 122,407 | ||||||
RELX PLC |
7,862 | 265,143 | ||||||
SGS SA |
1,800 | 151,107 | ||||||
Teleperformance SE |
1,754 | 219,189 | ||||||
Thomson Reuters Corp. |
5,561 | 680,299 | ||||||
Wolters Kluwer NV |
3,303 | 400,012 | ||||||
|
|
|||||||
2,655,662 | ||||||||
|
|
|||||||
Real Estate Management & Development0.2% | ||||||||
Azrieli Group Ltd. |
2,898 | 148,441 | ||||||
CK Asset Holdings Ltd. |
63,500 | 333,999 | ||||||
Daito Trust Construction Co. Ltd. |
2,200 | 231,743 | ||||||
Daiwa House Industry Co. Ltd. |
9,100 | 244,362 | ||||||
FirstService Corp. |
1,970 | 286,540 | ||||||
Hang Lung Properties Ltd. |
201,000 | 273,211 | ||||||
Henderson Land Development Co. Ltd. |
128,000 | 335,229 | ||||||
Hongkong Land Holdings Ltd. |
26,700 | 95,166 | ||||||
LEG Immobilien SE (a) |
2,009 | 138,777 | ||||||
Lendlease Corp. Ltd. |
41,418 | 191,712 | ||||||
Mitsubishi Estate Co. Ltd. |
1,000 | 13,072 | ||||||
Mitsui Fudosan Co. Ltd. |
7,800 | 171,798 | ||||||
Nomura Real Estate Holdings, Inc. |
4,800 | 120,472 | ||||||
Sagax AB - Class B |
4,376 | 83,254 | ||||||
Sino Land Co. Ltd. |
248,000 | 279,054 | ||||||
Sumitomo Realty & Development Co. Ltd. |
5,900 | 153,269 | ||||||
Sun Hung Kai Properties Ltd. |
34,500 | 366,949 | ||||||
Swire Properties Ltd. |
137,600 | 287,100 |
BHFTI-248
Table of Contents
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Real Estate Management & Development(Continued) | ||||||||
Swiss Prime Site AG |
2,622 | $ | 239,951 | |||||
Vonovia SE |
4,218 | 101,661 | ||||||
Wharf Real Estate Investment Co. Ltd. |
53,596 | 206,845 | ||||||
|
|
|||||||
4,302,605 | ||||||||
|
|
|||||||
Residential REITs0.0% | ||||||||
Canadian Apartment Properties REIT |
5,031 | 166,978 | ||||||
|
|
|||||||
Retail REITs0.1% | ||||||||
CapitaLand Integrated Commercial Trust |
127,900 | 172,621 | ||||||
Japan Metropolitan Fund Invest |
149 | 96,696 | ||||||
Link REIT |
23,600 | 115,039 | ||||||
Mapletree Pan Asia Commercial Trust |
458,800 | 480,115 | ||||||
RioCan Real Estate Investment Trust |
9,144 | 121,651 | ||||||
Scentre Group |
75,506 | 120,116 | ||||||
Unibail-Rodamco-Westfield (a) |
1,687 | 83,028 | ||||||
Vicinity Ltd. |
133,085 | 145,051 | ||||||
|
|
|||||||
1,334,317 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment0.2% | ||||||||
Advantest Corp. |
11,200 | 311,349 | ||||||
ASM International NV |
1,343 | 560,836 | ||||||
ASML Holding NV |
638 | 374,659 | ||||||
Disco Corp. |
2,268 | 416,493 | ||||||
Infineon Technologies AG |
10,049 | 333,274 | ||||||
Lasertec Corp. |
800 | 124,206 | ||||||
Renesas Electronics Corp. (a) |
16,700 | 256,220 | ||||||
Rohm Co. Ltd. |
13,092 | 247,761 | ||||||
STMicroelectronics NV |
5,404 | 232,829 | ||||||
SUMCO Corp. |
12,000 | 156,068 | ||||||
Tokyo Electron Ltd. |
1,500 | 204,127 | ||||||
Tower Semiconductor Ltd. (a) |
17,789 | 435,409 | ||||||
|
|
|||||||
3,653,231 | ||||||||
|
|
|||||||
Software0.4% | ||||||||
Check Point Software Technologies Ltd. (a) |
6,664 | 888,178 | ||||||
Constellation Software, Inc. |
179 | 369,540 | ||||||
CyberArk Software Ltd. (a) |
4,706 | 770,701 | ||||||
Dassault Systemes SE |
7,307 | 271,665 | ||||||
Monday.com Ltd. (a) |
676 | 107,633 | ||||||
Nemetschek SE |
4,634 | 283,133 | ||||||
Nice Ltd. (a) |
3,392 | 576,640 | ||||||
Open Text Corp. |
7,945 | 278,843 | ||||||
Oracle Corp. Japan |
5,900 | 439,892 | ||||||
Sage Group PLC |
51,269 | 617,015 | ||||||
SAP SE |
3,373 | 437,836 | ||||||
Temenos AG |
8,693 | 609,723 | ||||||
Trend Micro, Inc. |
11,000 | 416,737 | ||||||
Xero Ltd. (a) |
10,120 | 733,611 | ||||||
|
|
|||||||
6,801,147 | ||||||||
|
|
|||||||
Specialty Retail0.1% | ||||||||
Fast Retailing Co. Ltd. |
1,200 | 261,368 | ||||||
H & M Hennes & Mauritz AB - B Shares |
14,261 | 202,759 | ||||||
Industria de Diseno Textil SA |
22,664 | 843,539 | ||||||
Specialty Retail(Continued) | ||||||||
Kingfisher PLC |
83,818 | 227,199 | ||||||
Nitori Holdings Co. Ltd. |
2,700 | 302,325 | ||||||
USS Co. Ltd. |
14,100 | 233,140 | ||||||
Zalando SE (a) |
6,982 | 155,920 | ||||||
ZOZO, Inc. |
5,500 | 100,879 | ||||||
|
|
|||||||
2,327,129 | ||||||||
|
|
|||||||
Technology Hardware, Storage & Peripherals0.2% | ||||||||
Brother Industries Ltd. |
34,300 | 552,323 | ||||||
Canon, Inc. |
16,700 | 403,530 | ||||||
FUJIFILM Holdings Corp. |
11,000 | 636,908 | ||||||
Logitech International SA |
8,805 | 606,774 | ||||||
Ricoh Co. Ltd. |
29,100 | 251,059 | ||||||
Seiko Epson Corp. |
31,300 | 491,583 | ||||||
|
|
|||||||
2,942,177 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods0.2% | ||||||||
Adidas AG |
1,346 | 236,982 | ||||||
Burberry Group PLC |
7,380 | 171,160 | ||||||
Cie Financiere Richemont SA - Class A |
3,305 | 402,689 | ||||||
Gildan Activewear, Inc. |
15,275 | 428,139 | ||||||
Hermes International SCA |
286 | 519,918 | ||||||
Kering SA |
321 | 145,947 | ||||||
LVMH Moet Hennessy Louis Vuitton SE |
301 | 227,082 | ||||||
Moncler SpA |
10,903 | 632,870 | ||||||
Puma SE |
3,413 | 212,435 | ||||||
Swatch Group AG - Bearer Shares |
993 | 254,597 | ||||||
|
|
|||||||
3,231,819 | ||||||||
|
|
|||||||
Tobacco0.1% | ||||||||
British American Tobacco PLC |
10,714 | 336,334 | ||||||
Imperial Brands PLC |
19,946 | 405,041 | ||||||
Japan Tobacco, Inc. |
12,500 | 287,664 | ||||||
|
|
|||||||
1,029,039 | ||||||||
|
|
|||||||
Trading Companies & Distributors0.2% | ||||||||
Ashtead Group PLC |
2,037 | 123,814 | ||||||
Brenntag SE |
2,349 | 182,412 | ||||||
Bunzl PLC |
12,048 | 427,615 | ||||||
IMCD NV |
1,467 | 185,433 | ||||||
ITOCHU Corp. |
5,000 | 180,651 | ||||||
Marubeni Corp. |
17,300 | 269,614 | ||||||
Mitsubishi Corp. |
10,300 | 490,699 | ||||||
Mitsui & Co. Ltd. |
6,300 | 228,338 | ||||||
MonotaRO Co. Ltd. |
11,900 | 127,331 | ||||||
Reece Ltd. |
11,764 | 140,815 | ||||||
Sumitomo Corp. |
9,000 | 179,537 | ||||||
Toromont Industries Ltd. |
4,128 | 336,197 | ||||||
Toyota Tsusho Corp. |
4,400 | 258,600 | ||||||
|
|
|||||||
3,131,056 | ||||||||
|
|
|||||||
Transportation Infrastructure0.1% | ||||||||
Aena SME SA |
1,594 | 239,763 | ||||||
Aeroports de Paris |
1,227 | 144,595 | ||||||
Auckland International Airport Ltd. (a) |
76,649 | 363,203 |
BHFTI-249
Table of Contents
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares/ Principal Amount* |
Value | ||||||
Transportation Infrastructure(Continued) | ||||||||
Transurban Group |
26,071 | $ | 212,307 | |||||
|
|
|||||||
959,868 | ||||||||
|
|
|||||||
Water Utilities0.1% | ||||||||
Severn Trent PLC |
21,932 | 631,933 | ||||||
United Utilities Group PLC |
59,624 | 687,511 | ||||||
|
|
|||||||
1,319,444 | ||||||||
|
|
|||||||
Wireless Telecommunication Services0.2% | ||||||||
KDDI Corp. |
51,200 | 1,567,298 | ||||||
Rogers Communications, Inc. - Class B |
10,540 | 404,683 | ||||||
SoftBank Corp. |
69,800 | 789,373 | ||||||
SoftBank Group Corp. |
4,200 | 177,751 | ||||||
Tele2 AB - B Shares |
101,210 | 773,496 | ||||||
Vodafone Group PLC |
601,513 | 561,687 | ||||||
|
|
|||||||
4,274,288 | ||||||||
|
|
|||||||
Total Common Stocks |
277,115,551 | |||||||
|
|
|||||||
Foreign Government10.5% |
| |||||||
Sovereign10.5% | ||||||||
Deutsche Bundesrepublik Bonds Inflation-Linked |
4,948,120 | 5,127,296 | ||||||
0.100%, 04/15/33 (EUR) (d) |
9,417,360 | 9,626,745 | ||||||
0.100%, 04/15/46 (EUR) (d) |
6,231,600 | 5,993,773 | ||||||
0.500%, 04/15/30 (EUR) (d) |
19,986,355 | 21,201,997 | ||||||
French Republic Government Bonds OAT |
4,679,320 | 4,868,452 | ||||||
0.100%, 03/01/29 (EUR) (d) |
4,725,640 | 4,827,772 | ||||||
0.100%, 07/25/31 (144A) (EUR) (d) |
8,201,550 | 8,244,472 | ||||||
0.100%, 03/01/32 (EUR) (d) |
8,977,440 | 8,969,334 | ||||||
0.100%, 03/01/36 (144A) (EUR) (d) |
1,118,960 | 1,054,478 | ||||||
0.100%, 07/25/38 (144A) (EUR) (d) |
3,451,170 | 3,161,934 | ||||||
0.100%, 07/25/47 (144A) (EUR) (d) |
3,675,240 | 3,053,000 | ||||||
0.700%, 07/25/30 (144A) (EUR) (d) |
2,461,780 | 2,601,614 | ||||||
1.850%, 07/25/27 (EUR) (d) |
5,248,680 | 5,805,406 | ||||||
3.400%, 07/25/29 (EUR) (d) |
5,851,080 | 7,132,212 | ||||||
Italy Buoni Poliennali Del Tesoro |
4,564,160 | 3,849,017 | ||||||
0.150%, 05/15/51 (144A) (EUR) (d) |
4,707,880 | 2,711,193 | ||||||
0.400%, 05/15/30 (144A) (EUR) (d) |
4,157,895 | 3,911,679 | ||||||
1.250%, 09/15/32 (144A) (EUR) (d) |
1,839,210 | 1,782,217 | ||||||
1.300%, 05/15/28 (144A) (EUR) (d) |
3,064,600 | 3,144,143 | ||||||
1.500%, 05/15/29 (144A) (EUR) (d) |
3,563,980 | 3,639,717 | ||||||
2.350%, 09/15/24 (144A) (EUR) (d) |
4,934,240 | 5,265,554 | ||||||
2.550%, 09/15/41 (144A) (EUR) (d) |
666,820 | 691,840 | ||||||
United Kingdom Gilt Inflation Linked Bonds |
3,087,820 | 3,739,193 | ||||||
0.125%, 03/22/26 (GBP) (d) |
10,145,170 | 12,201,114 | ||||||
0.125%, 08/10/28 (GBP) (d) |
8,129,283 | 9,757,846 | ||||||
0.125%, 03/22/29 (GBP) (d) |
3,168,604 | 3,783,504 | ||||||
Sovereign(Continued) | ||||||||
United Kingdom Gilt Inflation Linked Bonds |
5,099,040 | 6,062,072 | ||||||
0.125%, 03/22/46 (GBP) (d) |
8,711,100 | 8,004,466 | ||||||
0.125%, 08/10/48 (GBP) (d) |
12,258,180 | 10,851,044 | ||||||
0.125%, 03/22/58 (GBP) (d) |
10,604,213 | 8,454,078 | ||||||
0.125%, 11/22/65 (GBP) (d) |
1,437,110 | 1,094,483 | ||||||
0.125%, 03/22/68 (GBP) (d) |
4,196,892 | 3,174,789 | ||||||
0.500%, 03/22/50 (GBP) (d) |
3,507,720 | 3,385,640 | ||||||
0.625%, 03/22/40 (GBP) (d) |
1,728,560 | 1,937,858 | ||||||
0.625%, 11/22/42 (GBP) (d) |
3,523,160 | 3,837,367 | ||||||
1.250%, 11/22/27 (GBP) (d) |
1,197,648 | 1,507,112 | ||||||
1.250%, 11/22/32 (GBP) (d) |
3,619,788 | 4,684,184 | ||||||
|
|
|||||||
Total Foreign Government |
199,138,595 | |||||||
|
|
|||||||
U.S. Treasury & Government Agencies5.6% |
| |||||||
U.S. Treasury5.6% | ||||||||
U.S. Treasury Inflation-Indexed Bonds |
4,755,760 | 2,797,864 | ||||||
1.000%, 02/15/49 (d) |
2,429,480 | 1,791,979 | ||||||
1.500%, 02/15/53 (d) |
1,028,320 | 849,780 | ||||||
2.125%, 02/15/40 (d) |
6,646,881 | 6,439,945 | ||||||
3.375%, 04/15/32 (d) |
4,305,225 | 4,639,090 | ||||||
3.875%, 04/15/29 (d) |
3,718,780 | 4,003,281 | ||||||
U.S. Treasury Inflation-Indexed Notes |
17,494,191 | 16,576,429 | ||||||
0.125%, 04/15/26 (d) |
10,606,687 | 9,908,966 | ||||||
0.125%, 07/15/30 (d) |
4,768,840 | 4,132,125 | ||||||
0.125%, 01/15/31 (d) |
11,742,300 | 10,040,355 | ||||||
0.125%, 07/15/31 (d) |
10,834,560 | 9,198,266 | ||||||
0.250%, 01/15/25 (d) |
2,581,100 | 2,482,570 | ||||||
0.375%, 07/15/27 (d) |
9,084,519 | 8,423,674 | ||||||
0.500%, 01/15/28 (d) |
7,051,105 | 6,498,378 | ||||||
0.875%, 01/15/29 (d) |
7,553,957 | 7,008,139 | ||||||
1.125%, 01/15/33 (d) |
5,130,850 | 4,633,198 | ||||||
1.250%, 04/15/28 (d) |
7,133,560 | 6,781,967 | ||||||
|
|
|||||||
Total U.S. Treasury & Government Agencies |
106,206,006 | |||||||
|
|
|||||||
Mutual Funds2.9% |
| |||||||
Investment Company Securities2.9% | ||||||||
iShares iBoxx $ Investment Grade Corporate Bond ETF |
548,388 | 55,946,544 | ||||||
|
|
|||||||
Preferred Stock0.0% |
| |||||||
Life Sciences Tools & Services0.0% | ||||||||
Sartorius AG |
939 | $ | 318,636 | |||||
|
|
BHFTI-250
Table of Contents
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Warrants0.0%
Security Description | Shares/ Principal Amount* |
Value | ||||||
Software0.0% | ||||||||
Constellation Software, Inc. Expires 03/31/40 (a) |
179 | $ | 0 | |||||
|
|
|||||||
Rights0.0% |
| |||||||
Health Care Equipment & Supplies0.0% | ||||||||
Abiomed, Inc. (a) (b) (c) |
1,165 | 0 | ||||||
|
|
|||||||
Short-Term Investments63.6% |
| |||||||
Mutual Funds57.3% | ||||||||
BlackRock Liquidity Funds FedFund, Institutional Shares 5.230% (e) |
286,985,211 | 286,985,211 | ||||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (e) |
300,281,306 | 300,281,306 | ||||||
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.240% (e) |
296,353,611 | 296,353,611 | ||||||
State Street Institutional Treasury Plus Money Market Fund, Premier Class 5.290% (e) |
203,381,439 | 203,381,439 | ||||||
|
|
|||||||
1,087,001,567 | ||||||||
|
|
|||||||
U.S. Treasury6.3% | ||||||||
U.S. Treasury Bill |
120,000,000 | 118,710,333 | ||||||
|
|
|||||||
Total Short-Term Investments |
1,205,711,900 | |||||||
|
|
|||||||
Total Investments97.2% |
1,844,437,232 | |||||||
Other assets and liabilities (net)2.8% |
53,463,988 | |||||||
|
|
|||||||
Net Assets100.0% | $ | 1,897,901,220 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
(a) | Non-income producing security. | |||
(b) | Security was valued in good faith under procedures subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent less than 0.05% of net assets. | |||
(c) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |||
(d) | Principal amount of security is adjusted for inflation. | |||
(e) | The rate shown represents the annualized seven-day yield as of September 30, 2023. | |||
(f) | All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2023, the market value of securities pledged was $118,710,333. | |||
(g) | The rate shown represents current yield to maturity. | |||
(144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $47,979,310, which is 2.5% of net assets. |
Forward Foreign Currency Exchange Contracts
Contracts to Deliver |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
AUD | 24,630,000 | BNY |
10/30/23 | USD | 15,808,298 | $ | (41,648 | ) | ||||||||||||||
CAD | 38,090,000 | BNY |
10/30/23 | USD | 28,217,950 | 164,009 | ||||||||||||||||
CHF | 14,930,000 | SSBT |
10/30/23 | USD | 16,419,187 | 61,756 | ||||||||||||||||
EUR | 67,150,000 | BNP |
10/30/23 | USD | 71,292,766 | 219,653 | ||||||||||||||||
EUR | 121,000,000 | SSBT |
10/30/23 | USD | 130,762,619 | 2,693,422 | ||||||||||||||||
GBP | 79,000,000 | BNY |
10/30/23 | USD | 99,236,798 | 2,832,920 | ||||||||||||||||
GBP | 20,630,000 | BNY |
10/30/23 | USD | 25,134,560 | (40,275 | ) | |||||||||||||||
HKD | 106,110,000 | SSBT |
10/30/23 | USD | 13,571,280 | 13,687 | ||||||||||||||||
JPY | 11,218,990,000 | BNY |
10/30/23 | USD | 75,756,843 | 359,315 | ||||||||||||||||
|
|
|||||||||||||||||||||
Net Unrealized Appreciation |
|
$ | 6,262,839 | |||||||||||||||||||
|
|
BHFTI-251
Table of Contents
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Futures Contracts
Futures ContractsLong |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
Australian 10 Year Treasury Bond Futures |
12/15/23 | 2,510 | AUD | 281,051,678 | $ | (4,701,254 | ) | |||||||||||||
Brent Crude Oil Futures |
10/31/23 | 75 | USD | 6,915,000 | 751,828 | |||||||||||||||
Canada Government Bond 10 Year Futures |
12/18/23 | 1,999 | CAD | 230,144,870 | (5,340,327 | ) | ||||||||||||||
Cattle Feeder Futures |
11/16/23 | 69 | USD | 8,794,050 | 67,617 | |||||||||||||||
Cocoa Futures |
12/13/23 | 293 | USD | 10,014,740 | (275,850 | ) | ||||||||||||||
Coffee C Futures |
12/18/23 | 95 | USD | 5,206,594 | (565,858 | ) | ||||||||||||||
Copper Futures |
12/27/23 | 109 | USD | 10,184,688 | (280,193 | ) | ||||||||||||||
Corn Futures |
12/14/23 | 308 | USD | 7,341,950 | (515,395 | ) | ||||||||||||||
Cotton No. 2 Futures |
12/06/23 | 114 | USD | 4,967,550 | 138,001 | |||||||||||||||
DAX Index Futures |
12/15/23 | 45 | EUR | 17,466,750 | (527,071 | ) | ||||||||||||||
Euro-BTP Futures |
12/07/23 | 505 | EUR | 55,413,650 | (3,047,720 | ) | ||||||||||||||
Euro-Bobl Futures |
12/07/23 | 1,250 | EUR | 144,687,500 | (2,223,163 | ) | ||||||||||||||
Euro-Bund Futures |
12/07/23 | 570 | EUR | 73,324,800 | (2,346,304 | ) | ||||||||||||||
Euro-Buxl 30 Year Bond Futures |
12/07/23 | 264 | EUR | 32,303,040 | (3,125,651 | ) | ||||||||||||||
FTSE 100 Index Futures |
12/15/23 | 316 | GBP | 24,240,360 | 433,151 | |||||||||||||||
Gasoline RBOB Futures |
11/30/23 | 69 | USD | 6,809,141 | 17,226 | |||||||||||||||
Gold 100 oz. Futures |
12/27/23 | 192 | USD | 35,829,120 | (2,313,105 | ) | ||||||||||||||
Hang Seng Index Futures |
10/30/23 | 221 | HKD | 197,673,450 | 118,484 | |||||||||||||||
IBEX 35 Index Futures |
10/20/23 | 187 | EUR | 17,652,800 | (102,890 | ) | ||||||||||||||
Japanese Government 10 Year Bond Futures |
12/13/23 | 502 | JPY | 72,769,920,000 | (3,462,513 | ) | ||||||||||||||
LME Nickel Futures |
12/18/23 | 85 | USD | 9,517,110 | (1,533,231 | ) | ||||||||||||||
LME Primary Aluminum Futures |
12/18/23 | 329 | USD | 19,349,313 | 914,634 | |||||||||||||||
LME Zinc Futures |
12/18/23 | 240 | USD | 15,916,500 | 1,031,639 | |||||||||||||||
Lean Hogs Futures |
12/14/23 | 85 | USD | 2,440,350 | (158,572 | ) | ||||||||||||||
Live Cattle Futures |
12/29/23 | 171 | USD | 12,854,070 | 246,732 | |||||||||||||||
Low Sulphur Gas Oil Futures |
12/12/23 | 88 | USD | 8,155,400 | 1,184,054 | |||||||||||||||
Natural Gas Futures |
11/28/23 | 311 | USD | 10,300,320 | (597,360 | ) | ||||||||||||||
Natural Gas Futures |
12/27/23 | 128 | USD | 4,563,200 | (156,637 | ) | ||||||||||||||
New York Harbor ULSD Futures |
11/30/23 | 59 | USD | 7,825,028 | 954,508 | |||||||||||||||
OMX Stockholm 30 Index Futures |
10/20/23 | 1,211 | SEK | 261,576,000 | (313,685 | ) | ||||||||||||||
Russell 2000 Index E-Mini Futures |
12/15/23 | 1,204 | USD | 108,275,720 | (4,712,740 | ) | ||||||||||||||
S&P 500 Index E-Mini Futures |
12/15/23 | 1,482 | USD | 320,519,550 | (13,340,738 | ) | ||||||||||||||
S&P TSX 60 Index Futures |
12/14/23 | 166 | CAD | 39,053,160 | (760,358 | ) | ||||||||||||||
SPI 200 Index Futures |
12/21/23 | 239 | AUD | 42,338,850 | (750,932 | ) | ||||||||||||||
Silver Futures |
12/27/23 | 126 | USD | 14,143,500 | (784,275 | ) | ||||||||||||||
Soybean Futures |
11/14/23 | 59 | USD | 3,761,250 | (204,642 | ) | ||||||||||||||
Soybean Futures |
01/12/24 | 27 | USD | 1,747,575 | (76,138 | ) | ||||||||||||||
Soybean Meal Futures |
12/14/23 | 148 | USD | 5,641,760 | (308,007 | ) | ||||||||||||||
Soybean Oil Futures |
12/14/23 | 134 | USD | 4,488,732 | (332,908 | ) | ||||||||||||||
Sugar No. 11 Futures |
02/29/24 | 250 | USD | 7,414,400 | (13,137 | ) | ||||||||||||||
TOPIX Index Futures |
12/07/23 | 159 | JPY | 3,694,365,000 | (271,115 | ) | ||||||||||||||
U.S. Treasury Long Bond Futures |
12/19/23 | 745 | USD | 84,767,031 | (4,996,681 | ) | ||||||||||||||
U.S. Treasury Note 10 Year Futures |
12/19/23 | 1,979 | USD | 213,855,688 | (4,754,474 | ) | ||||||||||||||
U.S. Treasury Note 2 Year Futures |
12/29/23 | 1,554 | USD | 315,012,798 | (1,554,121 | ) | ||||||||||||||
U.S. Treasury Note 5 Year Futures |
12/29/23 | 2,582 | USD | 272,037,906 | (3,174,012 | ) | ||||||||||||||
U.S. Treasury Ultra Long Bond Futures |
12/19/23 | 188 | USD | 22,313,250 | (1,727,479 | ) | ||||||||||||||
United Kingdom Long Gilt Bond Futures |
12/27/23 | 1,460 | GBP | 137,473,600 | (1,082,280 | ) | ||||||||||||||
WTI Light Sweet Crude Oil Futures |
11/20/23 | 84 | USD | 7,459,200 | 842,001 | |||||||||||||||
Wheat Futures |
12/14/23 | 265 | USD | 7,174,875 | (1,812,279 | ) | ||||||||||||||
Futures ContractsShort |
||||||||||||||||||||
LME Nickel Futures |
12/18/23 | (19 | ) | USD | (2,127,354 | ) | 243,655 | |||||||||||||
LME Primary Aluminum Futures |
12/18/23 | (89 | ) | USD | (5,234,313 | ) | (261,577 | ) | ||||||||||||
LME Zinc Futures |
12/18/23 | (61 | ) | USD | (4,045,444 | ) | (275,205 | ) | ||||||||||||
|
|
|||||||||||||||||||
Net Unrealized Depreciation |
|
$ | (65,836,347 | ) | ||||||||||||||||
|
|
BHFTI-252
Table of Contents
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Glossary of Abbreviations
Counterparties
(BNP) | BNP Paribas S.A. | |||
(BNY) | Bank of New York Mellon | |||
(SSBT) | State Street Bank and Trust |
Currencies
(AUD) | Australian Dollar | |||
(CAD) | Canadian Dollar | |||
(CHF) | Swiss Franc | |||
(EUR) | Euro | |||
(GBP) | British Pound | |||
(HKD) | Hong Kong Dollar | |||
(JPY) | Japanese Yen | |||
(SEK) | Swedish Krona | |||
(USD) | United States Dollar |
Other Abbreviations
(ADR) | American Depositary Receipt | |||
(ETF) | Exchange-Traded Fund | |||
(GDR) | Global Depositary Receipt | |||
(REIT) | Real Estate Investment Trust |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | ||||||||||||||||
Aerospace & Defense |
$ | 268,645 | $ | 1,740,778 | $ | | $ | 2,009,423 | ||||||||
Air Freight & Logistics |
| 173,574 | | 173,574 | ||||||||||||
Automobile Components |
| 1,667,991 | | 1,667,991 | ||||||||||||
Automobiles |
| 3,864,612 | | 3,864,612 | ||||||||||||
Banks |
1,015,374 | 6,226,618 | | 7,241,992 | ||||||||||||
Beverages |
699,214 | 5,739,235 | | 6,438,449 | ||||||||||||
Biotechnology |
| 2,626,183 | | 2,626,183 | ||||||||||||
Broadline Retail |
1,735,112 | 2,598,832 | | 4,333,944 | ||||||||||||
Building Products |
| 1,333,976 | | 1,333,976 | ||||||||||||
Capital Markets |
908,424 | 3,363,938 | | 4,272,362 | ||||||||||||
Chemicals |
246,900 | 9,281,000 | | 9,527,900 | ||||||||||||
Commercial Services & Supplies |
446,722 | 1,490,491 | | 1,937,213 | ||||||||||||
Communications Equipment |
| 1,061,446 | | 1,061,446 | ||||||||||||
Construction & Engineering |
476,903 | 903,241 | | 1,380,144 | ||||||||||||
Construction Materials |
| 1,612,389 | | 1,612,389 | ||||||||||||
Consumer Finance |
| 2 | | 2 | ||||||||||||
Consumer Staples Distribution & Retail |
2,423,637 | 5,545,399 | | 7,969,036 | ||||||||||||
Containers & Packaging |
195,343 | 353,198 | | 548,541 | ||||||||||||
Diversified Consumer Services |
| 664,903 | | 664,903 | ||||||||||||
Diversified REITs |
| 563,486 | | 563,486 | ||||||||||||
Diversified Telecommunication Services |
12,590 | 17,024,648 | | 17,037,238 | ||||||||||||
Electric Utilities |
1,377,958 | 15,935,256 | | 17,313,214 | ||||||||||||
Electrical Equipment |
| 761,998 | | 761,998 | ||||||||||||
Electronic Equipment, Instruments & Components |
| 4,574,978 | | 4,574,978 | ||||||||||||
Energy Equipment & Services |
| 660,941 | | 660,941 | ||||||||||||
Entertainment |
403,505 | 4,506,679 | | 4,910,184 |
BHFTI-253
Table of Contents
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy(Continued)
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Financial Services |
$ | 72,077 | $ | 2,737,604 | $ | | $ | 2,809,681 | ||||||||
Food Products |
351,401 | 12,057,548 | | 12,408,949 | ||||||||||||
Gas Utilities |
549,903 | 8,278,351 | | 8,828,254 | ||||||||||||
Ground Transportation |
1,316,188 | 2,872,914 | | 4,189,102 | ||||||||||||
Health Care Equipment & Supplies |
| 7,404,561 | | 7,404,561 | ||||||||||||
Health Care Providers & Services |
| 1,907,371 | 0 | 1,907,371 | ||||||||||||
Health Care Technology |
| 131,436 | | 131,436 | ||||||||||||
Hotels, Restaurants & Leisure |
464,553 | 6,107,205 | | 6,571,758 | ||||||||||||
Household Durables |
| 1,848,237 | | 1,848,237 | ||||||||||||
Household Products |
| 2,486,061 | | 2,486,061 | ||||||||||||
Independent Power and Renewable Electricity Producers |
330,928 | 2,480,347 | | 2,811,275 | ||||||||||||
Industrial Conglomerates |
| 2,814,344 | | 2,814,344 | ||||||||||||
Industrial REITs |
| 1,515,260 | | 1,515,260 | ||||||||||||
Insurance |
1,069,466 | 5,273,031 | | 6,342,497 | ||||||||||||
Interactive Media & Services |
| 3,257,727 | | 3,257,727 | ||||||||||||
IT Services |
1,184,395 | 3,357,021 | | 4,541,416 | ||||||||||||
Leisure Products |
| 732,734 | | 732,734 | ||||||||||||
Life Sciences Tools & Services |
| 2,069,706 | | 2,069,706 | ||||||||||||
Machinery |
| 5,595,629 | | 5,595,629 | ||||||||||||
Marine Transportation |
| 295,383 | | 295,383 | ||||||||||||
Media |
| 2,385,233 | | 2,385,233 | ||||||||||||
Metals & Mining |
2,768,433 | 4,339,860 | | 7,108,293 | ||||||||||||
Multi-Utilities |
698,262 | 3,083,759 | | 3,782,021 | ||||||||||||
Office REITs |
| 931,555 | | 931,555 | ||||||||||||
Oil, Gas & Consumable Fuels |
6,913,553 | 15,904,878 | | 22,818,431 | ||||||||||||
Paper & Forest Products |
162,335 | 2,312,129 | | 2,474,464 | ||||||||||||
Passenger Airlines |
172,233 | 473,396 | | 645,629 | ||||||||||||
Personal Care Products |
| 3,362,378 | | 3,362,378 | ||||||||||||
Pharmaceuticals |
690,499 | 11,740,788 | | 12,431,287 | ||||||||||||
Professional Services |
680,299 | 1,975,363 | | 2,655,662 | ||||||||||||
Real Estate Management & Development |
286,540 | 4,016,065 | | 4,302,605 | ||||||||||||
Residential REITs |
166,978 | | | 166,978 | ||||||||||||
Retail REITs |
121,651 | 1,212,666 | | 1,334,317 | ||||||||||||
Semiconductors & Semiconductor Equipment |
| 3,653,231 | | 3,653,231 | ||||||||||||
Software |
2,414,895 | 4,386,252 | | 6,801,147 | ||||||||||||
Specialty Retail |
| 2,327,129 | | 2,327,129 | ||||||||||||
Technology Hardware, Storage & Peripherals |
| 2,942,177 | | 2,942,177 | ||||||||||||
Textiles, Apparel & Luxury Goods |
428,139 | 2,803,680 | | 3,231,819 | ||||||||||||
Tobacco |
| 1,029,039 | | 1,029,039 | ||||||||||||
Trading Companies & Distributors |
336,197 | 2,794,859 | | 3,131,056 | ||||||||||||
Transportation Infrastructure |
| 959,868 | | 959,868 | ||||||||||||
Water Utilities |
| 1,319,444 | | 1,319,444 | ||||||||||||
Wireless Telecommunication Services |
404,683 | 3,869,605 | | 4,274,288 | ||||||||||||
Total Common Stocks |
31,793,935 | 245,321,616 | 0 | 277,115,551 | ||||||||||||
Total Foreign Government* |
| 199,138,595 | | 199,138,595 | ||||||||||||
Total U.S. Treasury & Government Agencies* |
| 106,206,006 | | 106,206,006 | ||||||||||||
Total Mutual Funds* |
55,946,544 | | | 55,946,544 | ||||||||||||
Total Preferred Stock* |
| 318,636 | | 318,636 | ||||||||||||
Total Warrants* |
| 0 | | 0 | ||||||||||||
Total Rights* |
| | 0 | 0 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Mutual Funds |
1,087,001,567 | | | 1,087,001,567 | ||||||||||||
U.S. Treasury |
| 118,710,333 | | 118,710,333 | ||||||||||||
Total Short-Term Investments |
1,087,001,567 | 118,710,333 | | 1,205,711,900 | ||||||||||||
Total Investments |
$ | 1,174,742,046 | $ | 669,695,186 | $ | 0 | $ | 1,844,437,232 | ||||||||
BHFTI-254
Table of Contents
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy(Continued)
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Forward Contracts | ||||||||||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | | $ | 6,344,762 | $ | | $ | 6,344,762 | ||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
| (81,923 | ) | | (81,923 | ) | ||||||||||
Total Forward Contracts |
$ | | $ | 6,262,839 | $ | | $ | 6,262,839 | ||||||||
Futures Contracts |
||||||||||||||||
Futures Contracts (Unrealized Appreciation) |
$ | 6,943,530 | $ | | $ | | $ | 6,943,530 | ||||||||
Futures Contracts (Unrealized Depreciation) |
(72,779,877 | ) | | | (72,779,877 | ) | ||||||||||
Total Futures Contracts |
$ | (65,836,347 | ) | $ | | $ | | $ | (65,836,347 | ) |
* | See Consolidated Schedule of Investments for additional detailed categorizations. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2023 is not presented.
BHFTI-255
Table of Contents
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies82.9% of Net Assets
Security Description | Principal Amount* |
Value | ||||||
Agency Sponsored Mortgage-Backed8.3% | ||||||||
Federal Home Loan Mortgage Corp. |
||||||||
4.350%, 1Y H15 + 2.225%, 01/01/34 (a) |
10,831 | $ | 10,844 | |||||
4.500%, 08/01/52 |
365,415 | 335,703 | ||||||
4.500%, 09/01/52 |
111,882 | 102,769 | ||||||
4.500%, 08/01/53 |
8,884,583 | 8,160,419 | ||||||
4.500%, 10/01/53 |
1,115,212 | 1,024,312 | ||||||
5.500%, 07/01/53 |
4,822,069 | 4,661,811 | ||||||
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through
Certificates |
4,800,000 | 4,602,640 | ||||||
Federal Home Loan Mortgage Corp. REMICS |
||||||||
4.850%, SOFR30A + 0.464%, 07/15/44 (a) |
1,040,213 | 996,543 | ||||||
5.778%, SOFR30A + 0.464%, 01/15/47 (a) |
1,258,459 | 1,204,040 | ||||||
5.878%, SOFR30A + 0.564%, 09/15/42 (a) |
1,206,413 | 1,165,758 | ||||||
Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates |
13,755 | 13,820 | ||||||
5.826%, 12M MTA + 1.200%, 10/25/44 (a) |
761,863 | 686,312 | ||||||
5.826%, 12M MTA + 1.200%, 02/25/45 (a) |
232,449 | 219,723 | ||||||
Federal National Mortgage Association |
||||||||
3.000%, 05/01/52 |
373,129 | 308,957 | ||||||
4.000%, 10/01/48 |
425,560 | 385,792 | ||||||
4.000%, 04/01/49 |
208,315 | 187,150 | ||||||
4.000%, 03/01/50 |
193,626 | 173,961 | ||||||
4.000%, 08/01/50 |
267,121 | 240,792 | ||||||
4.000%, 02/01/52 |
639,499 | 569,708 | ||||||
4.500%, 09/01/52 |
527,781 | 484,790 | ||||||
5.390%, 1Y H15 + 2.360%, 11/01/34 (a) |
119,903 | 122,351 | ||||||
5.500%, 07/01/53 |
9,177,925 | 8,872,903 | ||||||
5.630%, 12M MTA + 1.200%, 07/01/44 (a) |
2,758 | 2,662 | ||||||
5.630%, 12M MTA + 1.200%, 09/01/44 (a) |
7,401 | 7,142 | ||||||
Federal National Mortgage Association REMICS | ||||||||
4.780%, 05/25/35 (a) |
63,624 | 64,453 | ||||||
5.462%, SOFR30A + 0.174%, 12/25/36 (a) |
12,424 | 12,050 | ||||||
5.462%, SOFR30A + 0.174%, 07/25/37 (a) |
95,457 | 92,477 | ||||||
5.552%, SOFR30A + 0.264%, 08/25/34 (a) |
4,168 | 4,056 | ||||||
5.779%, SOFR30A + 0.464%, 07/25/37 (a) |
1,824 | 1,784 | ||||||
5.809%, SOFR30A + 0.494%, 07/25/37 (a) |
23,257 | 22,717 | ||||||
Federal National Mortgage Association Trust |
19,450 | 19,305 | ||||||
Government National Mortgage Association REMICS |
2,412,587 | 2,383,080 | ||||||
6.246%, 12M TSFR + 0.865%, 08/20/68 (a) |
2,173,998 | 2,120,408 | ||||||
6.262%, 1M TSFR + 0.944%, 08/20/66 (a) |
143,476 | 142,762 | ||||||
6.414%, SOFR30A + 1.100%, 05/20/73 (a) |
1,012,859 | 1,015,944 | ||||||
6.464%, 12M TSFR + 1.465%, 04/20/67 (a) |
1,673,610 | 1,666,608 | ||||||
Uniform Mortgage-Backed Security, TBA |
47,665,720 | 42,478,349 | ||||||
4.500%, TBA (b) |
10,900,000 | 10,009,124 | ||||||
5.000%, TBA (b) |
21,000,000 | 19,812,187 | ||||||
6.500%, TBA (b) |
24,000,000 | 24,093,750 | ||||||
|
|
|||||||
138,479,956 | ||||||||
|
|
|||||||
U.S. Treasury74.6% | ||||||||
U.S. Treasury Inflation-Indexed Bonds | ||||||||
0.125%, 02/15/51 (c) |
17,975,012 | 10,000,180 | ||||||
0.125%, 02/15/52 (c) (d) |
7,906,032 | 4,338,281 | ||||||
0.250%, 02/15/50 (c) |
16,906,727 | 9,946,406 | ||||||
0.625%, 02/15/43 (c) |
14,491,768 | 10,528,043 | ||||||
0.750%, 02/15/42 (c) |
39,013,598 | 29,535,656 | ||||||
0.750%, 02/15/45 (c) |
26,818,126 | 19,481,902 | ||||||
0.875%, 02/15/47 (c) (e) |
50,715,669 | 36,956,072 | ||||||
1.000%, 02/15/46 (c) (e) |
49,310,005 | 37,411,558 | ||||||
1.375%, 02/15/44 (c) (e) |
68,277,521 | 57,060,404 | ||||||
1.500%, 02/15/53 (c) |
8,123,728 | 6,713,262 | ||||||
1.750%, 01/15/28 (c) (e) |
66,162,761 | 64,257,998 | ||||||
2.000%, 01/15/26 (c) |
33,785,659 | 33,120,834 | ||||||
2.125%, 02/15/40 (c) |
23,094,376 | 22,375,383 | ||||||
2.125%, 02/15/41 (c) |
21,258,339 | 20,554,571 | ||||||
2.375%, 01/15/25 (c) (e) |
66,957,273 | 66,154,309 | ||||||
2.375%, 01/15/27 (c) (d) (f) |
575,981 | 571,588 | ||||||
2.500%, 01/15/29 (c) (e) |
33,117,155 | 33,337,074 | ||||||
3.375%, 04/15/32 (c) (d) (f) |
3,337,410 | 3,596,223 | ||||||
3.625%, 04/15/28 (c) (e) |
34,162,239 | 35,891,702 | ||||||
3.875%, 04/15/29 (c) (e) |
37,795,810 | 40,687,337 | ||||||
U.S. Treasury Inflation-Indexed Notes |
45,527,142 | 44,135,541 | ||||||
0.125%, 04/15/25 (c) (d) (f) (g) (h) |
10,177,154 | 9,708,316 | ||||||
0.125%, 10/15/25 (c) (d) (f) (g) (h) |
10,838,152 | 10,269,572 | ||||||
0.125%, 04/15/26 (c) |
19,814,690 | 18,511,255 | ||||||
0.125%, 07/15/26 (c) (e) |
66,627,722 | 62,272,845 | ||||||
0.125%, 10/15/26 (c) |
17,114,886 | 15,914,838 | ||||||
0.125%, 04/15/27 (c) (e) |
10,503,437 | 9,641,417 | ||||||
0.125%, 01/15/30 (c) |
14,969,682 | 13,048,183 | ||||||
0.125%, 07/15/30 (c) (e) |
63,602,425 | 55,110,507 | ||||||
0.125%, 01/15/31 (c) (e) |
50,415,549 | 43,108,248 | ||||||
0.125%, 07/15/31 (c) (d) |
17,517,773 | 14,872,144 | ||||||
0.125%, 01/15/32 (c) |
8,931,870 | 7,482,360 | ||||||
0.250%, 01/15/25 (c) (e) |
36,664,116 | 35,264,506 | ||||||
0.250%, 07/15/29 (c) |
26,329,215 | 23,454,856 | ||||||
0.375%, 07/15/25 (c) (g) |
12,179,478 | 11,659,828 | ||||||
0.375%, 01/15/27 (c) |
27,560,630 | 25,634,884 | ||||||
0.375%, 07/15/27 (c) |
28,103,279 | 26,058,930 | ||||||
0.500%, 01/15/28 (c) |
12,233,481 | 11,274,515 | ||||||
0.625%, 01/15/24 (c) |
11,921,364 | 11,807,118 | ||||||
0.625%, 01/15/26 (c) (d) (f) (g) (h) |
3,138,914 | 2,983,930 | ||||||
0.625%, 07/15/32 (c) (e) |
160,507,525 | 139,840,613 | ||||||
0.750%, 07/15/28 (c) (d) (f) |
5,613,735 | 5,223,405 | ||||||
0.875%, 01/15/29 (c) |
19,871,507 | 18,435,674 | ||||||
1.625%, 10/15/27 (c) (e) |
91,868,470 | 89,189,571 | ||||||
|
|
|||||||
1,247,421,839 | ||||||||
|
|
|||||||
Total U.S. Treasury & Government Agencies |
1,385,901,795 | |||||||
|
|
|||||||
Asset-Backed Securities9.8% |
| |||||||
Asset-Backed-Home Equity1.0% | ||||||||
ACE Securities Corp. Home Equity Loan Trust |
453,330 | 188,516 | ||||||
6.484%, 1M TSFR + 1.164%, 12/25/33 (a) |
970,819 | 941,344 |
BHFTI-256
Table of Contents
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Asset-Backed Securities(Continued)
Security Description | Principal Amount* |
Value | ||||||
Asset-Backed-Home Equity(Continued) | ||||||||
Asset-Backed Securities Corp. Home Equity Loan Trust |
1,242,615 | $ | 1,177,139 | |||||
Citigroup Mortgage Loan Trust, Inc. |
795,832 | 646,909 | ||||||
5.724%, 1M TSFR + 0.404%, 09/25/36 (144A) (a) |
826,057 | 778,821 | ||||||
6.124%, 1M TSFR + 0.804%, 10/25/35 (a) |
3,700,000 | 3,151,156 | ||||||
First NLC Trust |
785,410 | 387,459 | ||||||
GSAA Home Equity Trust |
296,652 | 161,900 | ||||||
Home Equity Asset Trust |
1,563,469 | 1,487,945 | ||||||
6.289%, 1M TSFR + 0.969%, 08/25/34 (a) |
247,594 | 240,204 | ||||||
HSI Asset Securitization Corp. Trust |
4,007 | 1,570 | ||||||
MASTR Asset-Backed Securities Trust |
94,125 | 85,515 | ||||||
Morgan Stanley ABS Capital I, Inc. Trust |
568,027 | 541,603 | ||||||
6.109%, 1M TSFR + 0.789%, 09/25/35 (a) |
1,269,652 | 1,177,351 | ||||||
New Century Home Equity Loan Trust |
316,385 | 292,241 | ||||||
Nomura Home Equity Loan, Inc. |
1,190,800 | 1,164,734 | ||||||
NovaStar Mortgage Funding Trust |
442,000 | 433,818 | ||||||
Residential Asset Securities Corporation Trust |
2,996,848 | 2,849,876 | ||||||
Soundview Home Loan Trust |
303,633 | 255,493 | ||||||
5.634%, 1M TSFR + 0.314%, 06/25/37 (a) |
1,873,550 | 1,283,360 | ||||||
|
|
|||||||
17,246,954 | ||||||||
|
|
|||||||
Asset-Backed-Other8.7% | ||||||||
522 Funding CLO Ltd. |
1,500,000 | 1,489,859 | ||||||
ACAS CLO Ltd. |
1,353,738 | 1,349,813 | ||||||
AMMC CLO XII Ltd. |
783,654 | 782,027 | ||||||
Anchorage Capital CLO 11 Ltd. |
1,600,000 | 1,590,560 | ||||||
Anchorage Capital CLO 6 Ltd. |
1,022,736 | 1,020,706 | ||||||
Anchorage Capital CLO 9 Ltd. |
300,000 | 298,151 | ||||||
Apidos CLO XXVI Ltd. |
1,455,138 | 1,449,357 | ||||||
Apidos CLO XXVII Ltd. |
1,586,400 | 1,579,707 | ||||||
Arbor Realty Commercial Real Estate Notes Ltd. |
2,600,000 | 2,570,749 | ||||||
ARES European CLO VI DAC |
687,713 | 714,543 | ||||||
Asset-Backed-Other(Continued) | ||||||||
ARES L CLO Ltd. |
700,000 | 697,120 | ||||||
ARES LII CLO Ltd. |
1,700,000 | 1,690,283 | ||||||
Argent Securities Trust |
225,504 | 53,537 | ||||||
Atlas Senior Loan Fund Ltd. |
1,456,539 | 1,454,567 | ||||||
Atlas Senior Loan Fund X Ltd. |
507,852 | 505,172 | ||||||
Barings CLO Ltd. |
1,900,000 | 1,896,329 | ||||||
BDS LLC |
1,900,000 | 1,885,224 | ||||||
Benefit Street Partners CLO XII Ltd. |
896,429 | 894,730 | ||||||
Birch Grove CLO Ltd. |
953,691 | 950,306 | ||||||
BlackRock European CLO IV DAC |
1,146,700 | 1,196,867 | ||||||
BlueMountain CLO XXII Ltd. |
500,000 | 498,267 | ||||||
BlueMountain EUR CLO DAC |
992,167 | 1,033,304 | ||||||
Capital Four U.S. CLO II Ltd. |
839,732 | 839,646 | ||||||
Carlyle Euro CLO DAC |
995,667 | 1,035,389 | ||||||
Carlyle Global Market Strategies CLO Ltd. |
496,717 | 495,248 | ||||||
6.581%, 3M TSFR + 1.212%, 08/14/30 (144A) (a) |
1,882,862 | 1,877,610 | ||||||
6.687%, 3M TSFR + 1.342%, 04/22/32 (144A) (a) |
400,000 | 397,695 | ||||||
Carlyle Global Market Strategies Euro CLO Ltd. |
1,599,297 | 1,657,175 | ||||||
Carlyle U.S. CLO Ltd. |
1,592,738 | 1,585,426 | ||||||
6.750%, 3M TSFR + 1.442%, 01/15/30 (144A) (a) |
470,875 | 469,449 | ||||||
Catamaran CLO Ltd. |
1,570,656 | 1,567,396 | ||||||
CBAM Ltd. |
609,653 | 609,646 | ||||||
Cedar Funding V CLO Ltd. |
800,000 | 798,110 | ||||||
CIFC European Funding CLO III DAC |
800,000 | 829,077 | ||||||
CIFC Funding Ltd. |
2,339,187 | 2,331,056 | ||||||
6.572%, 3M TSFR + 1.262%, 04/18/31 (144A) (a) |
1,900,000 | 1,892,959 | ||||||
6.605%, 3M TSFR + 1.272%, 04/23/29 (144A) (a) |
447,554 | 446,674 | ||||||
CIT Mortgage Loan Trust |
133,660 | 133,476 | ||||||
6.934%, 1M TSFR + 1.614%, 10/25/37 (144A) (a) |
4,400,000 | 4,261,753 |
BHFTI-257
Table of Contents
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Asset-Backed Securities(Continued)
Security Description | Principal Amount* |
Value | ||||||
Asset-Backed-Other(Continued) | ||||||||
Contego CLO IV DAC |
797,620 | $ | 827,061 | |||||
Countrywide Asset-Backed Certificates Trust |
4,703,418 | 4,253,546 | ||||||
6.174%, 1M TSFR + 0.854%, 08/25/47 (a) |
21,267 | 20,064 | ||||||
CQS U.S. CLO Ltd. |
2,192,054 | 2,192,054 | ||||||
Credit-Based Asset Servicing & Securitization LLC |
64,014 | 40,317 | ||||||
5.654%, 1M TSFR + 0.334%, 07/25/37 (144A) (a) |
1,275,787 | 803,491 | ||||||
Crestline Denali CLO XIV Ltd. |
1,089,183 | 1,084,825 | ||||||
Crestline Denali CLO XV Ltd. |
784,887 | 783,312 | ||||||
CSAB Mortgage-Backed Trust |
389,263 | 119,337 | ||||||
Dryden 35 Euro CLO DAC |
800,000 | 827,869 | ||||||
Dryden 44 Euro CLO DAC |
1,300,000 | 1,332,093 | ||||||
Dryden 52 Euro CLO DAC |
1,000,000 | 1,038,593 | ||||||
Dryden 60 CLO Ltd. |
700,000 | 698,626 | ||||||
Dryden 64 CLO Ltd. |
693,214 | 689,925 | ||||||
Ellington Loan Acquisition Trust |
1,071,639 | 1,016,986 | ||||||
Fidelity Grand Harbour CLO DAC |
900,000 | 937,261 | ||||||
First Franklin Mortgage Loan Trust |
8,281,030 | 6,930,037 | ||||||
5.744%, 1M TSFR + 0.424%, 07/25/36 (a) |
1,615,573 | 1,509,593 | ||||||
Gallatin CLO VIII Ltd. |
400,000 | 398,209 | ||||||
GoldenTree Loan Management U.S. CLO 2 Ltd. |
724,563 | 722,316 | ||||||
GSAMP Trust |
89,315 | 85,694 | ||||||
HalseyPoint CLO 3 Ltd. |
500,000 | 499,736 | ||||||
HSI Asset Securitization Corp. Trust |
65,592 | 65,200 | ||||||
JP Morgan Mortgage Acquisition Trust |
40,563 | 39,740 | ||||||
KKR CLO 11 Ltd. |
469,126 | 468,320 | ||||||
Laurelin DAC |
700,000 | 727,866 | ||||||
Asset-Backed-Other(Continued) | ||||||||
LCM Loan Income Fund I Ltd. |
4,153,299 | 4,130,061 | ||||||
LCM XIII LP |
1,101,349 | 1,098,557 | ||||||
LCM XXV Ltd. |
668,082 | 664,411 | ||||||
LoanCore Issuer Ltd. |
2,100,000 | 2,074,926 | ||||||
Lockwood Grove CLO Ltd. |
383,482 | 381,717 | ||||||
Long Beach Mortgage Loan Trust |
851,480 | 323,550 | ||||||
M360 2021-CRE3 Ltd. |
600,000 | 588,100 | ||||||
Madison Park Euro Funding IX DAC |
700,000 | 716,045 | ||||||
Madison Park Funding XLI Ltd. |
1,730,457 | 1,728,003 | ||||||
Madison Park Funding XXVI Ltd. |
392,430 | 392,060 | ||||||
Man GLG Euro CLO II DAC |
395,392 | 415,461 | ||||||
Man GLG Euro CLO V DAC |
4,192,004 | 4,362,291 | ||||||
Marathon Static CLO Ltd. |
3,500,000 | 3,498,219 | ||||||
MF1 LLC |
1,800,000 | 1,799,982 | ||||||
MF1 Ltd. |
700,000 | 688,313 | ||||||
MKS CLO Ltd. |
3,806,270 | 3,800,313 | ||||||
Morgan Stanley ABS Capital I, Inc. Trust |
44,008 | 42,960 | ||||||
6.484%, 1M TSFR + 1.164%, 06/25/35 (a) |
1,232,000 | 1,108,909 | ||||||
Morgan Stanley IXIS Real Estate Capital Trust |
519 | 178 | ||||||
Mountain View CLO LLC |
1,257,990 | 1,256,057 | ||||||
Oak Hill European Credit Partners VII DAC |
2,099,353 | 2,172,811 | ||||||
Oaktree CLO Ltd. |
600,000 | 595,299 | ||||||
OCP Euro CLO DAC |
747,820 | 783,691 | ||||||
Octagon Investment Partners 18-R Ltd. |
1,200,000 | 1,192,330 | ||||||
Octagon Investment Partners XXI Ltd. |
1,100,000 | 1,094,100 | ||||||
OSD CLO Ltd. |
2,165,777 | 2,149,178 |
BHFTI-258
Table of Contents
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Asset-Backed Securities(Continued)
Security Description | Principal Amount* |
Value | ||||||
Asset-Backed-Other(Continued) | ||||||||
OZLM IX Ltd. |
500,000 | $ | 495,232 | |||||
OZLM VIII Ltd. |
1,631,169 | 1,628,048 | ||||||
OZLM XXIV Ltd. |
300,000 | 296,296 | ||||||
Palmer Square European Loan Funding |
4,540,703 | 4,801,859 | ||||||
Palmer Square Loan Funding Ltd. |
2,303,370 | 2,292,498 | ||||||
6.388%, 3M TSFR + 1.062%, 07/20/29 (144A) (a) |
2,220,458 | 2,210,195 | ||||||
Park Place Securities, Inc. Asset-Backed Pass-Through Certificates |
101,782 | 97,071 | ||||||
6.484%, 1M TSFR + 1.164%, 10/25/34 (a) |
2,027,799 | 1,972,274 | ||||||
Romark CLO Ltd. |
1,193,002 | 1,188,942 | ||||||
Saranac CLO VI Ltd. |
1,800,000 | 1,784,615 | ||||||
Saxon Asset Securities Trust |
482,053 | 451,753 | ||||||
Securitized Asset-Backed Receivables LLC Trust |
281,209 | 110,065 | ||||||
5.754%, 1M TSFR + 0.434%, 07/25/36 (a) |
3,084,612 | 1,042,012 | ||||||
Segovia European CLO DAC |
300,000 | 312,155 | ||||||
Sound Point CLO IX Ltd. |
1,400,000 | 1,391,494 | ||||||
Sound Point CLO XV Ltd. |
598,754 | 597,293 | ||||||
Soundview Home Loan Trust |
39,871 | 10,815 | ||||||
Structured Asset Securities Corp. Mortgage Loan Trust |
46,238 | 45,295 | ||||||
TCW CLO Ltd. |
852,044 | 849,890 | ||||||
THL Credit Wind River CLO Ltd. |
2,000,000 | 1,989,440 | ||||||
Toro European CLO 5 DAC |
1,705,527 | 1,782,583 | ||||||
Tralee CLO VII Ltd. |
1,400,000 | 1,381,584 | ||||||
TRTX Issuer Ltd. |
800,000 | 783,002 | ||||||
U.S. Small Business Administration |
266,789 | 261,081 | ||||||
Venture 33 CLO Ltd. |
300,000 | 298,151 | ||||||
Venture XVII CLO Ltd. |
542,071 | 540,392 | ||||||
Venture XXIV CLO Ltd. |
694,402 | 691,420 | ||||||
Venture XXV CLO Ltd. |
107,390 | 107,187 | ||||||
Asset-Backed-Other(Continued) | ||||||||
Vibrant CLO XI Ltd. |
900,000 | 889,931 | ||||||
VMC Finance LLC |
400,000 | 391,010 | ||||||
Voya CLO Ltd. |
841,627 | 839,776 | ||||||
6.550%, 3M TSFR + 1.242%, 06/07/30 (144A) (a) |
230,323 | 229,693 | ||||||
Wellfleet CLO Ltd. |
218,317 | 217,683 | ||||||
6.648%, 3M TSFR + 1.322%, 10/20/29 (144A) (a) |
360,367 | 359,780 | ||||||
Wind River CLO Ltd. |
597,541 | 594,124 | ||||||
|
|
|||||||
144,933,195 | ||||||||
|
|
|||||||
Asset-Backed - Student Loan0.1% | ||||||||
SLM Student Loan Trust |
2,154,463 | 2,119,345 | ||||||
|
|
|||||||
Total Asset-Backed Securities |
164,299,494 | |||||||
|
|
|||||||
Foreign Government8.1% |
| |||||||
Sovereign8.1% | ||||||||
Canada Government Real Return Bond |
8,639,088 | 6,723,319 | ||||||
French Republic Government Bonds OAT |
18,132,365 | 18,865,251 | ||||||
0.100%, 07/25/31 (144A) (EUR) (c) |
1,874,640 | 1,884,451 | ||||||
0.100%, 07/25/38 (144A) (EUR) (c) |
6,557,223 | 6,007,674 | ||||||
0.250%, 07/25/24 (EUR) (c) |
4,862,949 | 5,132,099 | ||||||
Italy Buoni Poliennali Del Tesoro |
3,920,301 | 3,688,154 | ||||||
1.400%, 05/26/25 (144A) (EUR) (c) |
57,088,544 | 59,405,644 | ||||||
Japan Government CPI-Linked Bonds |
23,413,280 | 166,387 | ||||||
0.100%, 03/10/28 (JPY) (c) |
1,664,676,260 | 11,740,958 | ||||||
0.100%, 03/10/29 (JPY) (c) |
2,696,266,610 | 18,998,720 | ||||||
New Zealand Government Bond Inflation-Linked |
5,000,000 | 3,828,409 | ||||||
|
|
|||||||
Total Foreign Government |
136,441,066 | |||||||
|
|
|||||||
Corporate Bonds & Notes2.5% |
| |||||||
Banks1.6% | ||||||||
Bank of America Corp. |
1,570,000 | 1,424,244 | ||||||
Lloyds Banking Group PLC |
900,000 | 882,159 | ||||||
Nykredit Realkredit AS |
19,463,302 | 2,069,230 | ||||||
1.000%, 10/01/50 (DKK) |
70,600,750 | 7,142,834 | ||||||
1.000%, 10/01/53 (DKK) |
9,564 | 870 | ||||||
1.500%, 10/01/53 (DKK) |
28,489,995 | 3,004,267 | ||||||
2.500%, 10/01/47 (DKK) |
5,246 | 648 |
BHFTI-259
Table of Contents
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Note(Continued)
Security Description | Principal Amount* |
Value | ||||||
Banks(Continued) | ||||||||
UBS Group AG |
100,000 | $ | 92,148 | |||||
1.000%, 1Y EURIBOR ICE Swap + 1.050%, 06/24/27 (EUR) (a) |
100,000 | 95,173 | ||||||
2.125%, 1Y UKG + 1.550%, 11/15/29 (GBP) (a) |
100,000 | 99,529 | ||||||
7.000%, 1Y UKG + 4.200%, 09/30/27 (GBP) (a) |
100,000 | 123,487 | ||||||
7.750%, 1Y EURIBOR ICE Swap + 4.950%, 03/01/29 (EUR) (a) |
100,000 | 116,718 | ||||||
UniCredit SpA |
10,700,000 | 10,701,885 | ||||||
|
|
|||||||
25,753,192 | ||||||||
|
|
|||||||
Diversified Financial Services0.9% | ||||||||
Avolon Holdings Funding Ltd. |
114,000 | 96,233 | ||||||
Jyske Realkredit AS |
6,469,278 | 688,190 | ||||||
1.000%, 10/01/50 (DKK) |
23,408,457 | 2,370,789 | ||||||
1.000%, 10/01/53 (DKK) |
11,664,979 | 1,081,178 | ||||||
1.500%, 10/01/53 (DKK) |
9,096,950 | 952,989 | ||||||
2.000%, 10/01/53 (DKK) |
7,277,017 | 699,871 | ||||||
2.500%, 10/01/47 (DKK) |
3,446 | 418 | ||||||
Nordea Kredit Realkreditaktieselskab |
2,617,670 | 278,946 | ||||||
1.000%, 10/01/50 (DKK) |
44,383,758 | 4,413,555 | ||||||
1.500%, 10/01/53 (DKK) |
11,298,460 | 1,099,002 | ||||||
2.000%, 10/01/53 (144A) (DKK) |
699,553 | 76,321 | ||||||
2.000%, 10/01/53 (DKK) |
4,299,311 | 418,463 | ||||||
2.500%, 10/01/47 (DKK) |
893 | 109 | ||||||
Realkredit Danmark AS |
19,268,736 | 1,947,850 | ||||||
1.000%, 10/01/53 (DKK) |
5,866,431 | 585,658 | ||||||
1.500%, 10/01/53 (DKK) |
4,277,749 | 444,302 | ||||||
2.000%, 10/01/53 (DKK) |
2,688,272 | 261,919 | ||||||
2.500%, 04/01/47 (DKK) |
8,390 | 1,020 | ||||||
|
|
|||||||
15,416,813 | ||||||||
|
|
|||||||
Electric0.0% | ||||||||
Eversource Energy |
100,000 | 96,895 | ||||||
|
|
|||||||
Gas0.0% | ||||||||
Southern Co. Gas Capital Corp. |
200,000 | 200,000 | ||||||
|
|
|||||||
Software0.0% | ||||||||
VMware, Inc. |
300,000 | 279,483 | ||||||
|
|
|||||||
Total Corporate Bonds & Notes |
41,746,383 | |||||||
|
|
|||||||
Mortgage-Backed Securities2.0% |
| |||||||
Security Description | Principal Amount* |
Value | ||||||
Collateralized Mortgage Obligations2.0% | ||||||||
Banc of America Funding Trust |
107,929 | 99,240 | ||||||
Banc of America Mortgage Trust |
27,522 | 22,868 | ||||||
5.127%, 09/25/35 (a) |
23,925 | 20,308 | ||||||
Bear Stearns ALT-A Trust |
427,327 | 258,165 | ||||||
5.754%, 1M TSFR + 0.434%, 02/25/34 (a) |
59,457 | 52,876 | ||||||
Bear Stearns ARM Trust |
98,369 | 87,491 | ||||||
Chase Mortgage Finance Trust |
15,477 | 14,625 | ||||||
CHL Mortgage Pass-Through Trust |
790,176 | 374,625 | ||||||
6.014%, 1M TSFR + 0.694%, 04/25/35 (a) |
242,734 | 218,589 | ||||||
Citigroup Mortgage Loan Trust, Inc. |
1,167,894 | 989,330 | ||||||
6.980%, 1Y H15 + 2.400%, 05/25/35 (a) |
2,054 | 1,982 | ||||||
7.248%, 08/25/35 (a) |
398 | 368 | ||||||
Countrywide Alternative Loan Trust |
124,140 | 68,706 | ||||||
5.500%, 06/25/25 |
375,280 | 296,312 | ||||||
5.619%, 1M TSFR + 0.294%, 02/20/47 (a) |
394,256 | 298,530 | ||||||
5.674%, 1M TSFR + 0.354%, 06/25/36 (a) |
1,100,656 | 967,380 | ||||||
5.794%, 1M TSFR + 0.474%, 05/25/47 (a) |
110,477 | 92,564 | ||||||
5.994%, 1M TSFR + 0.674%, 12/25/35 (a) |
14,806 | 12,988 | ||||||
6.000%, 03/25/37 |
3,057,439 | 1,150,272 | ||||||
6.000%, 04/25/37 |
509,699 | 418,045 | ||||||
Countrywide Home Reperforming Loan REMIC Trust |
26,494 | 24,201 | ||||||
Credit Suisse Mortgage Capital Certificates |
2,425,706 | 2,193,388 | ||||||
4.883%, 10/26/36 (144A) (a) |
39,231 | 32,279 | ||||||
5.584%, 1M TSFR + 0.264%, 09/29/36 (144A) (a) |
532,583 | 510,631 | ||||||
Deutsche Alt-A Securities, Inc. Mortgage Loan Trust |
8,696 | 6,677 | ||||||
6.369%, 10/25/36 (i) |
152,250 | 118,396 | ||||||
6.386%, 10/25/36 (i) |
152,250 | 118,394 | ||||||
Eurosail-U.K. PLC |
733,433 | 888,186 | ||||||
First Horizon Alternative Mortgage Securities Trust |
57,394 | 53,179 | ||||||
Great Hall Mortgages No. 1 PLC |
26,559 | 32,108 | ||||||
5.488%, SONIA + 0.269%, 06/18/38 (GBP) (a) |
10,747 | 13,057 | ||||||
GreenPoint Mortgage Funding Trust |
283,752 | 246,873 | ||||||
5.874%, 1M TSFR + 0.554%, 06/25/45 (a) |
98,105 | 91,544 | ||||||
5.974%, 1M TSFR + 0.654%, 11/25/45 (a) |
52,882 | 45,070 | ||||||
GSR Mortgage Loan Trust |
118,945 | 96,211 | ||||||
4.353%, 09/25/35 (a) |
42,976 | 39,761 | ||||||
4.502%, 11/25/35 (a) |
124,140 | 102,308 | ||||||
4.796%, 01/25/35 (a) |
33,169 | 30,177 | ||||||
5.005%, 12/25/34 (a) |
147,516 | 132,235 |
BHFTI-260
Table of Contents
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Mortgage-Backed Securities(Continued)
Security Description | Principal Amount* |
Value | ||||||
Collateralized Mortgage Obligations(Continued) | ||||||||
HarborView Mortgage Loan Trust |
16,067 | $ | 13,476 | |||||
5.882%, 1M TSFR + 0.554%, 05/19/35 (a) |
26,372 | 24,015 | ||||||
6.002%, 1M TSFR + 0.674%, 02/19/36 (a) |
72,318 | 35,376 | ||||||
6.339%, 1M TSFR + 1.014%, 06/20/35 (a) |
145,321 | 128,872 | ||||||
IndyMac INDA Mortgage Loan Trust |
25,088 | 24,535 | ||||||
JP Morgan Mortgage Trust |
241,634 | 215,565 | ||||||
4.163%, 06/25/35 (a) |
34 | 33 | ||||||
4.246%, 02/25/35 (a) |
43,565 | 39,574 | ||||||
4.528%, 07/25/35 (a) |
40,084 | 37,349 | ||||||
5.053%, 08/25/35 (a) |
63,520 | 52,496 | ||||||
5.398%, 09/25/35 (a) |
12,191 | 11,171 | ||||||
5.678%, 07/25/35 (a) |
19,488 | 18,865 | ||||||
5.827%, 08/25/35 (a) |
54,317 | 50,322 | ||||||
Lehman XS Trust |
62,642 | 55,083 | ||||||
7.734%, 1M TSFR + 2.414%, 12/25/37 (a) |
2,125,278 | 2,129,547 | ||||||
MASTR Adjustable Rate Mortgages Trust |
16,506 | 14,694 | ||||||
5.387%, 11/21/34 (a) |
33,619 | 31,260 | ||||||
Mellon Residential Funding Corp. Mortgage Pass-Through Certificates |
43,137 | 40,601 | ||||||
Mellon Residential Funding Corp. Mortgage Pass-Through Trust 5.887%, 1M TSFR + 0.554%, 12/15/30 (a) |
6,384 | 5,952 | ||||||
Mill City Mortgage Loan Trust |
480,746 | 445,856 | ||||||
New Residential Mortgage Loan Trust |
4,010,520 | 3,702,888 | ||||||
Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates |
2,000,000 | 1,947,910 | ||||||
Residential Accredit Loans, Inc. Trust |
597,788 | 512,786 | ||||||
5.734%, 1M TSFR + 0.414%, 08/25/35 (a) |
43,162 | 31,674 | ||||||
5.986%, 12M MTA + 1.360%, 09/25/45 (a) |
46,289 | 39,800 | ||||||
Residential Asset Securitization Trust |
269,627 | 89,688 | ||||||
Residential Mortgage Securities 32 PLC |
1,858,705 | 2,272,297 | ||||||
Sequoia Mortgage Trust |
191,277 | 160,458 | ||||||
6.142%, 1M TSFR + 0.814%, 10/19/26 (a) |
10,404 | 10,031 | ||||||
Structured Adjustable Rate Mortgage Loan Trust |
44,875 | 37,172 | ||||||
6.379%, 02/25/34 (a) |
25,186 | 23,429 | ||||||
Structured Asset Mortgage Investments II Trust |
14,574 | 13,988 | ||||||
5.854%, 1M TSFR + 0.534%, 05/25/36 (a) |
12,920 | 8,311 | ||||||
5.942%, 1M TSFR + 0.614%, 07/19/35 (a) |
45,538 | 40,506 | ||||||
6.102%, 1M TSFR + 0.774%, 10/19/34 (a) |
21,077 | 19,484 | ||||||
Collateralized Mortgage Obligations(Continued) | ||||||||
TBW Mortgage-Backed Trust |
141,210 | 52,582 | ||||||
Towd Point Mortgage Funding |
3,039,340 | 3,711,395 | ||||||
Towd Point Mortgage Trust |
763,761 | 762,452 | ||||||
Wachovia Mortgage Loan Trust |
1,510,118 | 555,792 | ||||||
WaMu Mortgage Pass-Through Certificates Trust |
3,382,440 | 2,860,018 | ||||||
3.844%, 08/25/35 (a) |
9,514 | 8,447 | ||||||
4.032%, 12/25/35 (a) |
37,324 | 32,283 | ||||||
4.269%, 12M MTA + 0.810%, 12/25/46 (a) |
28,012 | 24,045 | ||||||
5.396%, 12M MTA + 0.770%, 05/25/47 (a) |
153,232 | 121,251 | ||||||
5.626%, 12M MTA + 1.000%, 02/25/46 (a) |
51,098 | 44,292 | ||||||
5.626%, 12M MTA + 1.000%, 08/25/46 (a) |
1,589,876 | 1,437,486 | ||||||
5.674%, 12M MTA + 1.048%, 07/25/46 (a) |
280,814 | 226,156 | ||||||
5.826%, 12M MTA + 1.200%, 11/25/42 (a) |
4,648 | 4,235 | ||||||
6.126%, 12M MTA + 1.500%, 11/25/46 (a) |
93,369 | 79,952 | ||||||
Wells Fargo Mortgage-Backed Securities Trust |
31,029 | 28,802 | ||||||
|
|
|||||||
32,454,191 | ||||||||
|
|
|||||||
Commercial Mortgage-Backed Securities0.0% | ||||||||
JP Morgan Chase Commercial Mortgage Securities Trust |
634,905 | 540,493 | ||||||
|
|
|||||||
Total Mortgage-Backed Securities |
32,994,684 | |||||||
|
|
|||||||
Convertible Preferred Stock0.1% |
| |||||||
Banks0.1% | ||||||||
Wells Fargo & Co. - Class A, 7.500% |
900 | 1,003,500 | ||||||
|
|
|||||||
Short-Term Investments41.2% |
| |||||||
Commercial Paper0.3% | ||||||||
AT&T, Inc. |
4,800,000 | 4,667,996 | ||||||
|
|
|||||||
Repurchase Agreements40.9% | ||||||||
Barclays Bank PLC |
677,400,000 | 677,400,000 |
BHFTI-261
Table of Contents
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Short-Term Investments(Continued)
Security Description | Principal Amount* |
Value | ||||||
Repurchase Agreements(Continued) | ||||||||
Fixed Income Clearing Corp. |
6,795,761 | $ | 6,795,761 | |||||
|
|
|||||||
684,195,761 | ||||||||
|
|
|||||||
Total Short-Term Investments |
688,863,757 | |||||||
|
|
|||||||
Total Purchased Options0.4% (k) |
6,337,331 | |||||||
|
|
|||||||
Total Investments147.0% |
2,457,588,010 | |||||||
Other assets and liabilities (net)(47.0)% |
(785,350,434 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 1,672,237,576 | ||||||
|
|
* | Principal and notional amounts stated in U.S. dollars unless otherwise noted. | |||
(a) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
(b) | TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date. | |||
(c) | Principal amount of security is adjusted for inflation. | |||
(d) | All or a portion of the security was pledged as collateral against open OTC swap contracts, open OTC option contracts and forward foreign currency exchange contracts. As of September 30, 2023, the market value of securities pledged was $11,592,628. | |||
(e) | All or a portion of this security has been transferred in a secured-borrowing transaction. | |||
(f) | All or a portion of the security was pledged as collateral against TBA securities. As of September 30, 2023, the market value of securities pledged was $2,730,008. | |||
(g) | All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2023, the market value of securities pledged was $9,971,951. | |||
(h) | All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of September 30, 2023, the market value of securities pledged was $8,238,325. | |||
(i) | Security is a step-up bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate. | |||
(j) | The rate shown represents current yield to maturity. | |||
(k) | For a breakout of open positions, see details shown in the Purchased Options table that follows. | |||
(144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $244,823,982, which is 14.6% of net assets. |
TBA Forward Sale Commitments
Security Description |
Interest Rate |
Maturity | Face Amount |
Cost | Value | |||||||||||||
Uniform Mortgage-Backed Security, TBA |
5.500 | % | TBA | $ | (14,000,000 | ) | $ | (13,742,422 | ) | $ | (13,529,141 | ) | ||||||
|
|
|
|
Forward Foreign Currency Exchange Contracts
Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
DKK | 195,865,299 | JPMC |
10/03/23 | USD | 27,692,423 | $ | 72,363 | |||||||||||||||
EUR | 1,166,000 | BNP |
10/03/23 | USD | 1,254,805 | (22,051 | ) | |||||||||||||||
EUR | 1,296,000 | BNP |
10/03/23 | USD | 1,387,915 | (17,720 | ) | |||||||||||||||
EUR | 118,206,196 | BNP |
10/03/23 | USD | 125,263,106 | (289,594 | ) | |||||||||||||||
GBP | 6,559,000 | BNP |
10/03/23 | USD | 7,977,561 | 25,075 | ||||||||||||||||
JPY | 2,777,339,872 | DBAG |
10/03/23 | USD | 18,679,983 | (95,000 | ) | |||||||||||||||
MXN | 97,724,917 | GSBU |
10/16/23 | USD | 5,584,632 | 10,768 | ||||||||||||||||
MXN | 132,943 | JPMC |
11/17/23 | USD | 7,660 | (89 | ) | |||||||||||||||
NZD | 2,598,000 | DBAG |
10/03/23 | USD | 1,529,267 | 27,844 | ||||||||||||||||
NZD | 6,154,970 | UBSA |
10/03/23 | USD | 3,657,499 | 31,483 | ||||||||||||||||
Contracts to Deliver |
||||||||||||||||||||||
AUD | 170,668 | UBSA |
10/03/23 | USD | 110,359 | 628 | ||||||||||||||||
BRL | 4,963,341 | GSBU |
11/03/23 | USD | 989,768 | 6,636 | ||||||||||||||||
CAD | 9,114,534 | UBSA |
10/03/23 | USD | 6,722,376 | 11,878 |
BHFTI-262
Table of Contents
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Forward Foreign Currency Exchange Contracts(Continued)
Contracts to Deliver |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
CAD | 9,102,264 | BBP |
11/02/23 | USD | 6,779,125 | $ | 74,875 | |||||||||||||||
DKK | 195,923,896 | BNP |
10/03/23 | USD | 28,638,192 | 865,099 | ||||||||||||||||
DKK | 195,561,009 | JPMC |
11/02/23 | USD | 27,692,424 | (72,277 | ) | |||||||||||||||
EUR | 115,102,196 | BNP |
10/03/23 | USD | 125,481,421 | 3,789,614 | ||||||||||||||||
EUR | 3,431,000 | BNP |
10/03/23 | USD | 3,682,768 | 55,343 | ||||||||||||||||
EUR | 2,135,000 | JPMC |
10/03/23 | USD | 2,320,151 | 62,922 | ||||||||||||||||
EUR | 118,206,196 | BNP |
11/02/23 | USD | 125,416,656 | 288,974 | ||||||||||||||||
GBP | 6,559,000 | UBSA |
10/03/23 | USD | 8,303,543 | 300,908 | ||||||||||||||||
GBP | 6,559,000 | BNP |
11/02/23 | USD | 7,978,925 | (25,189 | ) | |||||||||||||||
JPY | 1,096,800,000 | CBNA |
10/03/23 | USD | 7,574,776 | 235,375 | ||||||||||||||||
JPY | 3,432,789,858 | UBSA |
10/03/23 | USD | 23,637,896 | 666,872 | ||||||||||||||||
JPY | 99,900,000 | BBP |
11/02/23 | USD | 672,942 | 1,239 | ||||||||||||||||
JPY | 2,764,168,616 | DBAG |
11/02/23 | USD | 18,679,983 | 94,397 | ||||||||||||||||
JPY | 1,749,862,043 | JPMC |
11/02/23 | USD | 11,783,000 | 17,361 | ||||||||||||||||
KRW | 135,533,422 | CBNA |
12/20/23 | USD | 102,712 | 1,818 | ||||||||||||||||
MXN | 105,688,386 | GSBU |
10/04/23 | USD | 6,130,701 | 67,225 | ||||||||||||||||
NZD | 8,752,970 | UBSA |
10/03/23 | USD | 5,205,864 | (40,229 | ) | |||||||||||||||
NZD | 6,154,970 | UBSA |
11/02/23 | USD | 3,657,431 | (31,574 | ) | |||||||||||||||
TWD | 985,366 | CBNA |
12/20/23 | USD | 31,059 | 236 | ||||||||||||||||
TWD | 756,462 | JPMC |
12/20/23 | USD | 23,922 | 260 | ||||||||||||||||
TWD | 644,385 | JPMC |
12/20/23 | USD | 20,370 | 213 | ||||||||||||||||
|
|
|||||||||||||||||||||
Net Unrealized Appreciation |
|
$ | 6,115,683 | |||||||||||||||||||
|
|
Futures Contracts
Futures ContractsLong |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
Euro-BTP Futures |
12/07/23 | 119 | EUR | 13,057,870 | $ | (450,159 | ) | |||||||||||||
U.S. Treasury Note 10 Year Futures |
12/19/23 | 320 | USD | 34,580,000 | (595,454 | ) | ||||||||||||||
U.S. Treasury Note Ultra 10 Year Futures |
12/19/23 | 635 | USD | 70,842,188 | (2,071,175 | ) | ||||||||||||||
U.S. Treasury Ultra Long Bond Futures |
12/19/23 | 254 | USD | 30,146,625 | (2,339,285 | ) | ||||||||||||||
Futures ContractsShort |
||||||||||||||||||||
Australian 10 Year Treasury Bond Futures |
12/15/23 | (3 | ) | AUD | (335,918 | ) | 5,803 | |||||||||||||
Euro Schatz Futures |
12/07/23 | (2,344 | ) | EUR | (246,096,560 | ) | 856,794 | |||||||||||||
Euro Short BTP Futures |
12/07/23 | (306 | ) | EUR | (31,869,900 | ) | 222,320 | |||||||||||||
Euro-Bobl Futures |
12/07/23 | (162 | ) | EUR | (18,751,500 | ) | 270,055 | |||||||||||||
Euro-Bund Futures |
12/07/23 | (312 | ) | EUR | (40,135,680 | ) | 673,039 | |||||||||||||
Euro-Buxl 30 Year Bond Futures |
12/07/23 | (107 | ) | EUR | (13,092,520 | ) | 804,443 | |||||||||||||
Euro-OAT Futures |
12/07/23 | (111 | ) | EUR | (13,675,200 | ) | 414,288 | |||||||||||||
U.S. Treasury Long Bond Futures |
12/19/23 | (1,361 | ) | USD | (154,856,281 | ) | 7,337,620 | |||||||||||||
U.S. Treasury Note 2 Year Futures |
12/29/23 | (373 | ) | USD | (75,611,180 | ) | 371,343 | |||||||||||||
U.S. Treasury Note 5 Year Futures |
12/29/23 | (1,255 | ) | USD | (132,226,016 | ) | 1,146,185 | |||||||||||||
|
|
|||||||||||||||||||
Net Unrealized Appreciation |
|
$ | 6,645,817 | |||||||||||||||||
|
|
Purchased Options
Interest Rate |
Strike Rate |
Counterparty | Floating Rate Index |
Pay/Receive Floating Rate |
Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Paid |
Market Value |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||||
Put - OTC - 30 Yr. IRS |
2.237 | % | DBAG | 3M LIBOR | Receive | 11/17/23 | 18,300,000 | USD | 18,300,000 | $ | 1,135,862 | $ | 6,337,331 | $ | 5,201,469 | |||||||||||||||||||||||
|
|
|
|
|
|
BHFTI-263
Table of Contents
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Written Options
Inflation Capped Options |
Initial Index |
Counterparty |
Exercise Index |
Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Received |
Market Value |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||||
Cap - CPALEMU Index |
100.152 | GSBU | Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | 06/22/35 | (8,700,000 | ) | EUR | (8,700,000 | ) | $ | (382,245 | ) | $ | (210,439 | ) | $ | 171,806 | |||||||||||||||||||
Cap - CPURNSA Index |
233.916 | JPMC | Maximum of [(Final Index/Initial Index - 1) - 4.000%] or 0 | 04/22/24 | (35,000,000 | ) | USD | (35,000,000 | ) | (254,625 | ) | (4 | ) | 254,621 | ||||||||||||||||||||||
Cap - CPURNSA Index |
234.781 | JPMC | Maximum of [(Final Index/Initial Index - 1) - 4.000%] or 0 | 05/16/24 | (1,500,000 | ) | USD | (1,500,000 | ) | (10,425 | ) | | 10,425 | |||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
Totals |
|
$ | (647,295 | ) | $ | (210,443 | ) | $ | 436,852 | |||||||||||||||||||||||||||
|
|
|
|
|
|
Interest Rate Swaptions |
Strike Rate |
Counterparty | Floating Rate Index |
Pay/Receive Floating Rate |
Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Received |
Market Value |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||||
Call - OTC - 2 Yr. IRS |
2.900 | % | GSBU | 6M EURIBOR | Receive | 08/29/25 | (11,900,000 | ) | EUR | (11,900,000 | ) | $ | (154,666 | ) | $ | (108,406 | ) | $ | 46,260 | |||||||||||||||||||
Call - OTC - 2 Yr. IRS |
2.950 | % | CBNA | 6M EURIBOR | Receive | 09/15/25 | (19,000,000 | ) | EUR | (19,000,000 | ) | (229,651 | ) | (199,287 | ) | 30,364 | ||||||||||||||||||||||
Call - OTC - 2 Yr. IRS |
2.800 | % | GSI | 6M EURIBOR | Receive | 09/01/25 | (25,800,000 | ) | EUR | (25,800,000 | ) | (325,147 | ) | (214,829 | ) | 110,318 | ||||||||||||||||||||||
Put - OTC - 5 Yr. IRS |
2.340 | % | DBAG | 3M LIBOR | Pay | 11/17/23 | (90,200,000 | ) | USD | (90,200,000 | ) | (1,136,520 | ) | (9,042,372 | ) | (7,905,852 | ) | |||||||||||||||||||||
Put - OTC - 2 Yr. IRS |
2.900 | % | GSBU | 6M EURIBOR | Pay | 08/29/25 | (11,900,000 | ) | EUR | (11,900,000 | ) | (154,667 | ) | (155,373 | ) | (706 | ) | |||||||||||||||||||||
Put - OTC - 2 Yr. IRS |
2.950 | % | CBNA | 6M EURIBOR | Pay | 09/15/25 | (19,000,000 | ) | EUR | (19,000,000 | ) | (229,651 | ) | (255,315 | ) | (25,664 | ) | |||||||||||||||||||||
Put - OTC - 2 Yr. IRS |
2.800 | % | GSI | 6M EURIBOR | Pay | 09/01/25 | (25,800,000 | ) | EUR | (25,800,000 | ) | (325,147 | ) | (365,358 | ) | (40,211 | ) | |||||||||||||||||||||
Put - OTC - 2 Yr. IRS |
4.611 | % | BNP | SOFR | Pay | 10/27/23 | (95,400,000 | ) | USD | (95,400,000 | ) | (517,545 | ) | (595,958 | ) | (78,413 | ) | |||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||
Totals |
|
$ | (3,072,994 | ) | $ | (10,936,898 | ) | $ | (7,863,904 | ) | ||||||||||||||||||||||||||||
|
|
|
|
|
|
Swap Agreements
Centrally Cleared Interest Rate Swaps
Pay/Receive |
Floating Rate Index |
Payment Frequency |
Fixed Rate |
Payment Frequency |
Maturity Date |
Notional Amount |
Market Value |
Upfront Premiums Paid/ (Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||
Pay |
12M CPURNSA | Maturity | 1.760% | Maturity | 11/04/29 | USD | 24,500,000 | $ | (3,757,140 | ) | $ | (10,425) | $ | (3,746,715 | ) | |||||||||||||||||
Pay |
12M CPURNSA | Maturity | 1.954% | Maturity | 06/03/29 | USD | 8,650,000 | (1,166,248 | ) | | (1,166,248 | ) | ||||||||||||||||||||
Pay |
12M CPURNSA | Maturity | 1.998% | Maturity | 07/25/29 | USD | 21,500,000 | (2,775,263 | ) | 2,094 | (2,777,357 | ) | ||||||||||||||||||||
Pay |
12M CPURNSA | Maturity | 2.335% | Maturity | 02/05/28 | USD | 13,090,000 | (1,230,261 | ) | 28,402 | (1,258,663 | ) | ||||||||||||||||||||
Pay |
12M CPURNSA | Maturity | 2.370% | Maturity | 06/06/28 | USD | 6,400,000 | (577,874 | ) | (1,137 | ) | (576,737 | ) | |||||||||||||||||||
Pay |
12M CPURNSA | Maturity | 2.500% | Maturity | 09/07/24 | USD | 7,100,000 | (8,610 | ) | | (8,610 | ) | ||||||||||||||||||||
Pay |
12M CPURNSA | Maturity | 2.510% | Maturity | 09/08/24 | USD | 500,000 | (549 | ) | | (549 | ) | ||||||||||||||||||||
Pay |
12M CPURNSA | Maturity | 2.560% | Maturity | 09/12/24 | USD | 6,000,000 | (3,250 | ) | | (3,250 | ) | ||||||||||||||||||||
Pay |
12M CPURNSA | Maturity | 2.565% | Maturity | 09/12/24 | USD | 5,300,000 | (2,619 | ) | | (2,619 | ) | ||||||||||||||||||||
Pay |
12M FRCPXT | Maturity | 1.410% | Maturity | 11/15/39 | EUR | 600,000 | (161,358 | ) | | (161,358 | ) | ||||||||||||||||||||
Pay |
12M FRCPXT | Maturity | 1.910% | Maturity | 01/15/38 | EUR | 350,000 | (55,737 | ) | 2,831 | (58,568 | ) | ||||||||||||||||||||
Pay |
12M HICP | Maturity | 1.380% | Maturity | 03/15/31 | EUR | 23,400,000 | (5,214,448 | ) | (128,219 | ) | (5,086,229 | ) | |||||||||||||||||||
Pay |
12M HICP | Maturity | 2.421% | Maturity | 05/15/52 | EUR | 650,000 | (93,774 | ) | | (93,774 | ) | ||||||||||||||||||||
Pay |
12M HICP | Maturity | 2.488% | Maturity | 05/15/37 | EUR | 4,460,000 | (311,504 | ) | 4,769 | (316,273 | ) | ||||||||||||||||||||
Pay |
12M HICP | Maturity | 2.550% | Maturity | 04/15/52 | EUR | 400,000 | (45,542 | ) | 489 | (46,031 | ) | ||||||||||||||||||||
Pay |
12M HICP | Maturity | 2.580% | Maturity | 03/15/52 | EUR | 1,000,000 | (117,871 | ) | 683 | (118,554 | ) | ||||||||||||||||||||
Pay |
12M HICP | Maturity | 2.590% | Maturity | 03/15/52 | EUR | 1,400,000 | (161,058 | ) | (34,779 | ) | (126,279 | ) | |||||||||||||||||||
Pay |
12M HICP | Maturity | 2.590% | Maturity | 12/15/52 | EUR | 2,300,000 | (128,264 | ) | | (128,264 | ) | ||||||||||||||||||||
Pay |
12M HICP | Maturity | 2.700% | Maturity | 04/15/53 | EUR | 3,100,000 | (42,629 | ) | 20,412 | (63,041 | ) | ||||||||||||||||||||
Pay |
12M HICP | Maturity | 2.763% | Maturity | 09/15/53 | EUR | 2,500,000 | 8,795 | 3,090 | 5,705 | ||||||||||||||||||||||
Pay |
12M HICP | Maturity | 3.520% | Maturity | 09/15/24 | EUR | 3,300,000 | (45,479 | ) | (3,766 | ) | (41,713 | ) | |||||||||||||||||||
Pay |
12M HICP | Maturity | 3.720% | Maturity | 09/15/24 | EUR | 6,300,000 | (60,235 | ) | (6,094 | ) | (54,141 | ) | |||||||||||||||||||
Pay |
12M HICP | Maturity | 3.850% | Maturity | 09/15/24 | EUR | 6,900,000 | (47,014 | ) | | (47,014 | ) | ||||||||||||||||||||
Pay |
3M SOFR | Semi-Annually | 1.888% | Semi-Annually | 11/21/53 | USD | 5,000,000 | (2,025,134 | ) | 1,767 | (2,026,901 | ) | ||||||||||||||||||||
Pay |
12M SOFR | Annually | 3.085% | Annually | 02/13/34 | USD | 58,000,000 | (5,177,596 | ) | (423,041 | ) | (4,754,555 | ) | |||||||||||||||||||
Pay |
3M EURIBOR | Quarterly | (0.526)% | Quarterly | 11/21/23 | EUR | 72,000,000 | (469,650 | ) | | (469,650 | ) | ||||||||||||||||||||
Pay |
6M EURIBOR | Annually | 0.550% | Annually | 08/10/24 | EUR | 100,000 | (3,120 | ) | | (3,120 | ) | ||||||||||||||||||||
Pay |
6M EURIBOR | Annually | 0.650% | Annually | 04/12/27 | EUR | 7,500,000 | (740,305 | ) | | (740,305 | ) |
BHFTI-264
Table of Contents
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Centrally Cleared Interest Rate Swaps(Continued)
Pay/Receive |
Floating Rate Index |
Payment Frequency |
Fixed Rate |
Payment Frequency |
Maturity Date |
Notional Amount |
Market Value |
Upfront Premiums Paid/ (Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||
Pay |
6M EURIBOR | Annually | 0.650% | Annually | 05/11/27 | EUR | 3,400,000 | $ | (340,236 | ) | $ | | $ | (340,236 | ) | |||||||||||||||||
Pay |
6M EURIBOR | Annually | 0.700% | Annually | 04/11/27 | EUR | 3,100,000 | (300,720 | ) | | (300,720 | ) | ||||||||||||||||||||
Pay |
6M EURIBOR | Annually | 1.000% | Annually | 05/13/27 | EUR | 6,900,000 | (606,268 | ) | | (606,268 | ) | ||||||||||||||||||||
Pay |
6M EURIBOR | Annually | 1.000% | Annually | 05/18/27 | EUR | 3,000,000 | (264,158 | ) | | (264,158 | ) | ||||||||||||||||||||
Pay |
6M EURIBOR | Annually | 2.879% | Annually | 08/15/32 | EUR | 21,800,000 | (847,327 | ) | | (847,327 | ) | ||||||||||||||||||||
Pay |
6M EURIBOR | Annually | 3.000% | Annually | 03/20/34 | EUR | 120,890,000 | (3,666,323 | ) | (1,407,593 | ) | (2,258,730 | ) | |||||||||||||||||||
Receive |
12M CPURNSA | Maturity | 1.798% | Maturity | 08/25/27 | USD | 9,300,000 | 1,374,554 | | 1,374,554 | ||||||||||||||||||||||
Receive |
12M CPURNSA | Maturity | 1.890% | Maturity | 08/27/27 | USD | 12,300,000 | 1,739,784 | | 1,739,784 | ||||||||||||||||||||||
Receive |
12M CPURNSA | Maturity | 2.311% | Maturity | 02/24/31 | USD | 21,200,000 | 2,345,789 | 7,239 | 2,338,550 | ||||||||||||||||||||||
Receive |
12M CPURNSA | Maturity | 2.314% | Maturity | 02/26/26 | USD | 10,200,000 | 1,051,277 | | 1,051,277 | ||||||||||||||||||||||
Receive |
12M CPURNSA | Maturity | 2.419% | Maturity | 03/05/26 | USD | 13,000,000 | 1,268,812 | | 1,268,812 | ||||||||||||||||||||||
Receive |
12M CPURNSA | Maturity | 2.573% | Maturity | 08/26/28 | USD | 1,900,000 | 124,246 | | 124,246 | ||||||||||||||||||||||
Receive |
12M CPURNSA | Maturity | 2.645% | Maturity | 09/10/28 | USD | 2,400,000 | 139,387 | | 139,387 | ||||||||||||||||||||||
Receive |
12M CPURNSA | Maturity | 2.703% | Maturity | 05/25/26 | USD | 7,090,000 | 556,810 | | 556,810 | ||||||||||||||||||||||
Receive |
12M CPURNSA | Maturity | 2.768% | Maturity | 05/13/26 | USD | 11,300,000 | 864,816 | | 864,816 | ||||||||||||||||||||||
Receive |
12M CPURNSA | Maturity | 2.813% | Maturity | 05/14/26 | USD | 4,600,000 | 341,270 | | 341,270 | ||||||||||||||||||||||
Receive |
12M FRCPXT | Maturity | 1.030% | Maturity | 03/15/24 | EUR | 9,200,000 | 886,636 | (362 | ) | 886,998 | |||||||||||||||||||||
Receive |
12M HICP | Maturity | 2.260% | Maturity | 03/15/28 | EUR | 14,600,000 | 317,222 | | 317,222 | ||||||||||||||||||||||
Receive |
12M HICP | Maturity | 2.359% | Maturity | 08/15/30 | EUR | 6,200,000 | 313,387 | 27,458 | 285,929 | ||||||||||||||||||||||
Receive |
12M HICP | Maturity | 2.470% | Maturity | 07/15/32 | EUR | 3,400,000 | 167,198 | | 167,198 | ||||||||||||||||||||||
Receive |
12M HICP | Maturity | 2.570% | Maturity | 06/15/32 | EUR | 1,700,000 | 67,578 | | 67,578 | ||||||||||||||||||||||
Receive |
12M HICP | Maturity | 2.600% | Maturity | 05/15/32 | EUR | 6,600,000 | 343,588 | 29,425 | 314,163 | ||||||||||||||||||||||
Receive |
12M HICP | Maturity | 2.720% | Maturity | 06/15/32 | EUR | 6,500,000 | 159,270 | (31,251 | ) | 190,521 | |||||||||||||||||||||
Receive |
12M HICP | Maturity | 3.000% | Maturity | 05/15/27 | EUR | 2,000,000 | 73,403 | 719 | 72,684 | ||||||||||||||||||||||
Receive |
12M HICP | Maturity | 3.130% | Maturity | 05/15/27 | EUR | 1,400,000 | 41,729 | | 41,729 | ||||||||||||||||||||||
Receive |
12M SOFR | Annually | 2.865% | Annually | 02/13/54 | USD | 25,800,000 | 4,821,265 | 527,906 | 4,293,359 | ||||||||||||||||||||||
Receive |
12M SOFR | Annually | 4.250% | Annually | 12/20/25 | USD | 147,100,000 | 1,540,690 | 407,216 | 1,133,474 | ||||||||||||||||||||||
Receive |
3M SOFR | Semi-Annually | 1.840% | Semi-Annually | 11/21/28 | USD | 24,600,000 | 2,996,469 | (5,098 | ) | 3,001,567 | |||||||||||||||||||||
Receive |
6M EURIBOR | Annually | 0.190% | Annually | 11/04/52 | EUR | 6,700,000 | 3,852,413 | | 3,852,413 | ||||||||||||||||||||||
Receive |
6M EURIBOR | Annually | 0.195% | Annually | 11/04/52 | EUR | 7,000,000 | 4,017,998 | | 4,017,998 | ||||||||||||||||||||||
Receive |
6M EURIBOR | Annually | 0.197% | Annually | 11/08/52 | EUR | 12,200,000 | 6,999,232 | | 6,999,232 | ||||||||||||||||||||||
Receive |
6M EURIBOR | Annually | 2.750% | Annually | 03/20/54 | EUR | 27,250,000 | 1,604,151 | 344,224 | 1,259,927 | ||||||||||||||||||||||
Receive |
6M TONA | Semi-Annually | 0.300% | Semi-Annually | 09/20/27 | JPY | 788,000,000 | 47,577 | (4,794 | ) | 52,371 | |||||||||||||||||||||
Receive |
6M TONA | Semi-Annually | 0.300% | Semi-Annually | 03/20/28 | JPY | 426,780,000 | 35,241 | (1,778 | ) | 37,019 | |||||||||||||||||||||
Receive |
12M TONA | Annually | 0.500% | Annually | 12/15/31 | JPY | 3,699,000,000 | 696,280 | 6,456 | 689,824 | ||||||||||||||||||||||
Receive |
12M TONA | Annually | 0.550% | Annually | 09/14/28 | JPY | 1,420,000,000 | 7,670 | (16,326 | ) | 23,996 | |||||||||||||||||||||
Receive |
12M TONA | Annually | 0.850% | Annually | 09/20/33 | JPY | 760,000,000 | 60,918 | 2,285 | 58,633 | ||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||
Totals |
|
$ | 8,417,891 | $ | (657,198 | ) | $ | 9,075,089 | ||||||||||||||||||||||||
|
|
|
|
|
|
Centrally Cleared Credit Default Swaps on Corporate IssuesSell Protection (a)
Reference Obligation |
Fixed Deal Receive Rate |
Payment Frequency |
Maturity Date |
Implied Credit Spread at September 30, 2023(b) |
Notional Amount(c) |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||||
General Electric Co. 2.700%, due 10/09/22 |
1.000 | % | Quarterly | 12/20/23 | 0.198 | % | USD | 1,000,000 | $ | 1,813 | $ | (2,401 | ) | $ | 4,214 | |||||||||||||||||||||
|
|
|
|
|
|
BHFTI-265
Table of Contents
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
OTC Total Return Swaps
Pay/Receive Floating or Fixed Rate |
Fixed |
Payment |
Maturity Date |
Counterparty |
Underlying Reference |
Notional |
Market Value |
Upfront Premium Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||
Pay |
12M SOFR | Maturity | 02/23/24 | MSCS | United States Treasury Inflation Indexed Notes | USD 36,628,302 | $ | (333,694 | ) | $ | (979,665 | ) | $ | 645,971 | ||||||||||||
Pay |
12M SOFR | Maturity | 02/23/24 | MSCS | United States Treasury Inflation Indexed Notes | USD 30,162,515 | 475,392 | (3,106,018 | ) | 3,581,410 | ||||||||||||||||
Pay |
5.560% | Maturity | 10/10/23 | MSCS | United States Treasury Inflation Indexed Notes | USD 49,393,185 | (913,299 | ) | 549,327 | (1,462,626 | ) | |||||||||||||||
Pay |
5.560% | Maturity | 10/10/23 | MSCS | United States Treasury Inflation Indexed Notes | USD 68,512,500 | 162,418 | (7,706,052 | ) | 7,868,470 | ||||||||||||||||
Pay |
5.560% | Maturity | 10/10/23 | MSCS | United States Treasury Inflation Indexed Notes | USD 11,157,390 | 146,771 | (1,047,742 | ) | 1,194,513 | ||||||||||||||||
Pay |
5.560% | Maturity | 10/10/23 | MSCS | United States Treasury Inflation Indexed Notes | USD 45,491,160 | (37,649 | ) | (4,970,945 | ) | 4,933,296 | |||||||||||||||
Pay |
5.560% | Maturity | 10/10/23 | MSCS | United States Treasury Inflation Indexed Notes | USD 53,516,600 | (186,630 | ) | (3,183,449 | ) | 2,996,819 | |||||||||||||||
Pay |
5.560% | Maturity | 10/10/23 | MSCS | United States Treasury Inflation Indexed Notes | USD 37,894,652 | (898,465 | ) | 1,905,894 | (2,804,359 | ) | |||||||||||||||
Pay |
5.560% | Maturity | 10/10/23 | MSCS | United States Treasury Inflation Indexed Notes | USD 30,381,075 | 256,832 | (4,871,289 | ) | 5,128,121 | ||||||||||||||||
Pay |
5.490% | Maturity | 10/17/23 | MSCS | United States Treasury Inflation Indexed Notes | USD 23,343,486 | (131,281 | ) | (1,432,922 | ) | 1,301,641 | |||||||||||||||
Pay |
5.490% | Maturity | 10/17/23 | MSCS | United States Treasury Inflation Indexed Notes | USD 23,691,601 | (110,457 | ) | (1,582,115 | ) | 1,471,658 | |||||||||||||||
Pay |
5.490% | Maturity | 10/17/23 | MSCS | United States Treasury Inflation Indexed Notes | USD 37,325,955 | (42,161 | ) | (3,139,695 | ) | 3,097,534 | |||||||||||||||
Pay |
5.490% | Maturity | 10/17/23 | MSCS | United States Treasury Inflation Indexed Notes | USD 28,298,509 | (38,107 | ) | (1,413,647 | ) | 1,375,540 | |||||||||||||||
Pay |
5.490% | Maturity | 10/17/23 | MSCS | United States Treasury Inflation Indexed Notes | USD 10,464,091 | (48,793 | ) | (198,896 | ) | 150,103 | |||||||||||||||
Pay |
5.490% | Maturity | 10/17/23 | MSCS | United States Treasury Inflation Indexed Notes | USD 57,800,706 | 9,808 | (3,343,160 | ) | 3,352,968 | ||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||
Totals |
$ | (1,689,315 | ) | $ | (34,520,374 | ) | $ | 32,831,059 | ||||||||||||||||||
|
|
|
|
|
|
(a) | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | |||||||||||||||||||
(b) | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or indices as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entitys credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as Defaulted indicates a credit event has occurred for the referenced entity or obligation. | |||||||||||||||||||
(c) | The maximum potential amount of future undiscounted payments that the Portfolio could be required to make under a credit default swap contract would be the notional amount of the contract. These potential amounts would be partially offset by any recovery values of the referenced debt obligation or net amounts received from the settlement of purchased protection credit default swap contracts entered into by the Portfolio for the same referenced debt obligation. |
BHFTI-266
Table of Contents
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Glossary of Abbreviations
Counterparties
(BBP) | Barclays Bank PLC | |||
(BNP) | BNP Paribas S.A. | |||
(CBNA) | Citibank N.A. | |||
(DBAG) | Deutsche Bank AG | |||
(GSBU) | Goldman Sachs Bank USA | |||
(GSI) | Goldman Sachs International | |||
(JPMC) | JPMorgan Chase Bank N.A. | |||
(MSCS) | Morgan Stanley Capital Services, LLC | |||
(UBSA) | UBS AG |
Currencies
(AUD) | Australian Dollar | |||
(BRL) | Brazilian Real | |||
(CAD) | Canadian Dollar | |||
(DKK) | Danish Krone | |||
(EUR) | Euro | |||
(GBP) | British Pound | |||
(JPY) | Japanese Yen | |||
(KRW) | South Korean Won | |||
(MXN) | Mexican Peso | |||
(NZD) | New Zealand Dollar | |||
(TWD) | Taiwanese Dollar | |||
(USD) | United States Dollar |
Index Abbreviations
(CPALEMU) | Euro Area All Items Index Non-Seasonally Adjusted | |||
(CPI) | Consumer Price Index | |||
(CPURNSA) | U.S. Consumer Price Index for All Urban Consumers Non-Seasonally Adjusted | |||
(EURIBOR) | Euro InterBank Offered Rate | |||
(FRCPXT) | France Consumer Price Ex-Tobacco Index | |||
(H15) | U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index | |||
(HICP) | Harmonized Index of Consumer Prices | |||
(LIBOR) | London Interbank Offered Rate | |||
(MTA) | Monthly Treasury Average Index | |||
(SOFR) | Secured Overnight Financing Rate | |||
(SOFR30A) | Secured Overnight Financing Rate 30-Day Average | |||
(SONIA) | Sterling Overnight Index Average Deposit Rate | |||
(TONA) | Tokyo Overnight Average Rate | |||
(TSFR) | Term Secured Overnight Financing Rate | |||
(UKG) | U.K. Government Bond |
Other Abbreviations
(ARM) | Adjustable-Rate Mortgage | |||
(CLO) | Collateralized Loan Obligation | |||
(DAC) | Designated Activity Company | |||
(IRS) | Interest Rate Swap | |||
(REMIC) | Real Estate Mortgage Investment Conduit |
BHFTI-267
Table of Contents
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Total U.S. Treasury & Government Agencies* |
$ | | $ | 1,385,901,795 | $ | | $ | 1,385,901,795 | ||||||||
Total Asset-Backed Securities* |
| 164,299,494 | | 164,299,494 | ||||||||||||
Total Foreign Government* |
| 136,441,066 | | 136,441,066 | ||||||||||||
Total Corporate Bonds & Notes* |
| 41,746,383 | | 41,746,383 | ||||||||||||
Total Mortgage-Backed Securities* |
| 32,994,684 | | 32,994,684 | ||||||||||||
Total Convertible Preferred Stock* |
1,003,500 | | | 1,003,500 | ||||||||||||
Total Short-Term Investments* |
| 688,863,757 | | 688,863,757 | ||||||||||||
Total Purchased Options at Value |
| 6,337,331 | | 6,337,331 | ||||||||||||
Total Investments |
$ | 1,003,500 | $ | 2,456,584,510 | $ | | $ | 2,457,588,010 | ||||||||
TBA Forward Sales Commitments |
$ | | $ | (13,529,141 | ) | $ | | $ | (13,529,141 | ) | ||||||
Secured Borrowings (Liability) |
| $ | (1,012,596,297 | ) | | $ | (1,012,596,297 | ) | ||||||||
Forward Contracts | ||||||||||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | | $ | 6,709,406 | $ | | $ | 6,709,406 | ||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
| (593,723 | ) | | (593,723 | ) | ||||||||||
Total Forward Contracts |
$ | | $ | 6,115,683 | $ | | $ | 6,115,683 | ||||||||
Futures Contracts | ||||||||||||||||
Futures Contracts (Unrealized Appreciation) |
$ | 12,101,890 | $ | | $ | | $ | 12,101,890 | ||||||||
Futures Contracts (Unrealized Depreciation) |
(5,456,073 | ) | | | (5,456,073 | ) | ||||||||||
Total Futures Contracts |
$ | 6,645,817 | $ | | $ | | $ | 6,645,817 | ||||||||
Written Options | ||||||||||||||||
Inflation Capped Options at Value |
$ | | $ | (210,443 | ) | $ | | $ | (210,443 | ) | ||||||
Interest Rate Swaptions at Value |
| (10,936,898 | ) | | (10,936,898 | ) | ||||||||||
Total Written Options |
$ | | $ | (11,147,341 | ) | $ | | $ | (11,147,341 | ) | ||||||
Centrally Cleared Swap Contracts | ||||||||||||||||
Centrally Cleared Swap Contracts (Unrealized Appreciation) |
$ | | $ | 37,573,260 | $ | | $ | 37,573,260 | ||||||||
Centrally Cleared Swap Contracts (Unrealized Depreciation) |
| (28,493,957 | ) | | (28,493,957 | ) | ||||||||||
Total Centrally Cleared Swap Contracts |
$ | | $ | 9,079,303 | $ | | $ | 9,079,303 | ||||||||
OTC Swap Contracts | ||||||||||||||||
OTC Swap Contracts at Value (Assets) |
$ | | $ | 1,051,221 | $ | | $ | 1,051,221 | ||||||||
OTC Swap Contracts at Value (Liabilities) |
| (2,740,536 | ) | | (2,740,536 | ) | ||||||||||
Total OTC Swap Contracts |
$ | | $ | (1,689,315 | ) | $ | | $ | (1,689,315 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
BHFTI-268
Table of Contents
Brighthouse Funds Trust I
Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies71.8% of Net Assets
Security Description | Principal Amount* |
Value | ||||||
Agency Sponsored Mortgage-Backed51.8% | ||||||||
Federal Home Loan Mortgage Corp. | ||||||||
3.000%, 04/01/52 |
5,886,979 | $ | 4,873,776 | |||||
3.000%, 07/01/52 |
6,664,816 | 5,513,755 | ||||||
3.000%, 08/01/52 |
6,614,666 | 5,472,237 | ||||||
3.500%, 10/01/23 |
81 | 81 | ||||||
3.500%, 12/01/26 |
17,399 | 16,970 | ||||||
3.500%, 05/01/32 |
80,431 | 75,588 | ||||||
3.500%, 07/01/33 |
213,829 | 200,896 | ||||||
3.500%, 08/01/33 |
5,859 | 5,505 | ||||||
3.500%, 09/01/33 |
247,065 | 232,146 | ||||||
3.500%, 11/01/33 |
527,655 | 495,803 | ||||||
3.500%, 01/01/34 |
56,654 | 53,239 | ||||||
3.500%, 02/01/34 |
90,029 | 84,606 | ||||||
3.500%, 04/01/34 |
954,326 | 896,804 | ||||||
3.500%, 05/01/34 |
367,435 | 345,295 | ||||||
3.500%, 10/01/34 |
77,661 | 72,960 | ||||||
3.500%, 11/01/34 |
33,075 | 31,074 | ||||||
3.500%, 03/01/35 |
127,466 | 118,256 | ||||||
3.500%, 04/01/52 |
3,637,384 | 3,129,718 | ||||||
3.927%, 1Y RFUCCT + 1.677%, 01/01/35 (a) |
4,796 | 4,719 | ||||||
4.000%, 06/01/30 |
23,834 | 22,162 | ||||||
4.000%, 09/01/30 |
99,838 | 92,834 | ||||||
4.000%, 10/01/30 |
5,542 | 5,153 | ||||||
4.000%, 11/01/33 |
314,829 | 304,680 | ||||||
4.000%, 12/01/40 |
142,491 | 130,651 | ||||||
4.000%, 10/01/52 |
2,476,362 | 2,207,165 | ||||||
4.032%, 1Y RFUCCT + 1.678%, 02/01/35 (a) |
5,643 | 5,551 | ||||||
4.052%, 1Y RFUCCT + 1.625%, 02/01/35 (a) |
12,528 | 12,521 | ||||||
4.056%, 1Y RFUCCT + 1.621%, 02/01/35 (a) |
4,198 | 4,128 | ||||||
4.150%, 1Y RFUCCT + 1.900%, 11/01/34 (a) |
2,415 | 2,386 | ||||||
4.217%, 1Y RFUCCT + 1.901%, 02/01/35 (a) |
9,784 | 9,861 | ||||||
4.237%, 1Y H15 + 2.108%, 02/01/35 (a) |
15,940 | 16,087 | ||||||
4.269%, 1Y H15 + 2.179%, 09/01/35 (a) |
33,888 | 33,910 | ||||||
4.276%, 1Y RFUCCT + 1.891%, 11/01/34 (a) |
9,016 | 8,937 | ||||||
4.375%, 1Y H15 + 2.250%, 11/01/34 (a) |
19,764 | 20,099 | ||||||
4.376%, 1Y RFUCCT + 1.900%, 11/01/34 (a) |
6,412 | 6,355 | ||||||
4.395%, 1Y H15 + 2.250%, 01/01/35 (a) |
33,729 | 34,168 | ||||||
4.483%, 1Y H15 + 2.250%, 02/01/35 (a) |
14,766 | 14,906 | ||||||
4.500%, 04/01/34 |
5,977 | 5,640 | ||||||
4.500%, 06/01/35 |
19,912 | 18,794 | ||||||
4.500%, 04/01/41 |
45,943 | 43,461 | ||||||
4.587%, 1Y H15 + 2.107%, 10/01/34 (a) |
10,066 | 10,207 | ||||||
4.883%, 1Y H15 + 2.250%, 08/01/35 (a) |
63,648 | 64,295 | ||||||
4.912%, 1Y H15 + 2.250%, 11/01/31 (a) |
4,467 | 4,372 | ||||||
5.000%, 10/01/52 |
394,178 | 372,048 | ||||||
5.000%, 04/01/53 |
97,902 | 92,417 | ||||||
5.000%, 05/01/53 |
23,151,988 | 21,853,639 | ||||||
5.000%, 06/01/53 |
7,881,623 | 7,516,891 | ||||||
5.000%, 09/01/53 |
800,000 | 755,671 | ||||||
5.089%, 1Y H15 + 2.250%, 06/01/35 (a) |
160,121 | 161,775 | ||||||
5.308%, 1Y H15 + 2.436%, 01/01/29 (a) |
38,578 | 38,016 | ||||||
5.358%, 1Y RFUCCT + 1.345%, 09/01/35 (a) |
44,776 | 44,808 | ||||||
5.500%, 01/01/33 |
419 | 418 | ||||||
5.500%, 05/01/33 |
517 | 508 | ||||||
5.500%, 08/01/33 |
498 | 489 | ||||||
5.500%, 10/01/33 |
1,393 | 1,363 | ||||||
Agency Sponsored Mortgage-Backed(Continued) | ||||||||
Federal Home Loan Mortgage Corp. | ||||||||
5.500%, 01/01/34 |
842 | 839 | ||||||
5.500%, 09/01/34 |
13,170 | 12,919 | ||||||
5.500%, 01/01/35 |
10,259 | 10,222 | ||||||
5.500%, 07/01/35 |
620 | 618 | ||||||
5.500%, 10/01/35 |
8,390 | 8,137 | ||||||
5.500%, 11/01/35 |
25,477 | 24,724 | ||||||
5.500%, 12/01/35 |
15,630 | 15,599 | ||||||
5.500%, 01/01/36 |
11,675 | 11,664 | ||||||
5.500%, 04/01/36 |
6,146 | 6,038 | ||||||
5.500%, 06/01/36 |
509,920 | 508,406 | ||||||
5.500%, 07/01/36 |
10,577 | 10,578 | ||||||
5.500%, 08/01/36 |
11,862 | 11,512 | ||||||
5.500%, 10/01/36 |
1,610 | 1,565 | ||||||
5.500%, 12/01/36 |
75,086 | 75,105 | ||||||
5.500%, 02/01/37 |
6,439 | 6,331 | ||||||
5.500%, 03/01/37 |
5,447 | 5,431 | ||||||
5.500%, 04/01/37 |
24,240 | 23,581 | ||||||
5.500%, 06/01/37 |
31,527 | 30,985 | ||||||
5.500%, 07/01/37 |
62,192 | 62,208 | ||||||
5.500%, 08/01/37 |
24,810 | 24,816 | ||||||
5.500%, 09/01/37 |
4,252 | 4,253 | ||||||
5.500%, 10/01/37 |
3,431 | 3,429 | ||||||
5.500%, 11/01/37 |
73,703 | 73,722 | ||||||
5.500%, 12/01/37 |
4,641 | 4,568 | ||||||
5.500%, 01/01/38 |
25,382 | 25,377 | ||||||
5.500%, 02/01/38 |
64,103 | 64,066 | ||||||
5.500%, 03/01/38 |
30,538 | 30,303 | ||||||
5.500%, 04/01/38 |
49,189 | 48,952 | ||||||
5.500%, 05/01/38 |
35,455 | 35,166 | ||||||
5.500%, 06/01/38 |
101,570 | 101,367 | ||||||
5.500%, 07/01/38 |
124,646 | 124,424 | ||||||
5.500%, 08/01/38 |
332,778 | 332,743 | ||||||
5.500%, 09/01/38 |
87,839 | 87,664 | ||||||
5.500%, 10/01/38 |
2,528,160 | 2,521,228 | ||||||
5.500%, 11/01/38 |
1,105,939 | 1,103,893 | ||||||
5.500%, 12/01/38 |
4,969 | 4,818 | ||||||
5.500%, 01/01/39 |
226,256 | 226,239 | ||||||
5.500%, 02/01/39 |
50,774 | 49,719 | ||||||
5.500%, 03/01/39 |
23,774 | 23,756 | ||||||
5.500%, 06/01/39 |
806,368 | 805,091 | ||||||
5.500%, 09/01/39 |
25,598 | 25,399 | ||||||
5.500%, 02/01/40 |
26,397 | 26,339 | ||||||
5.500%, 03/01/40 |
3,722 | 3,712 | ||||||
5.500%, 05/01/40 |
849 | 848 | ||||||
5.500%, 08/01/40 |
26,845 | 26,792 | ||||||
6.211%, 1Y RFUCCT + 1.961%, 08/01/32 (a) |
28,750 | 28,392 | ||||||
Federal Home Loan Mortgage Corp. REMICS | ||||||||
3.500%, 01/15/42 |
8,200,294 | 7,130,909 | ||||||
5.618%, SOFR30A + 0.304%, 10/15/43 (a) |
3,974,643 | 3,863,266 | ||||||
5.678%, SOFR30A + 0.364%, 07/15/34 (a) |
3,065 | 3,034 | ||||||
6.500%, 01/15/24 |
188 | 187 | ||||||
7.125%, PRIME - 1.375%, 11/15/23 (a) |
802 | 798 | ||||||
Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates |
||||||||
5.826%, 12M MTA + 1.200%, 10/25/44 (a) |
299,303 | 269,623 |
BHFTI-269
Table of Contents
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies(Continued)
Security Description | Principal Amount* |
Value | ||||||
Agency Sponsored Mortgage-Backed(Continued) | ||||||||
Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates |
||||||||
5.826%, 12M MTA + 1.200%, 02/25/45 (a) |
27,169 | $ | 25,682 | |||||
6.026%, 12M MTA + 1.400%, 07/25/44 (a) |
1,425,447 | 1,300,007 | ||||||
Federal National Mortgage Association | ||||||||
3.000%, 09/01/28 |
130,704 | 124,464 | ||||||
3.000%, 06/01/30 |
4,133,997 | 3,854,153 | ||||||
3.000%, 08/01/49 |
2,349,903 | 1,963,402 | ||||||
3.000%, 05/01/52 |
77,894,737 | 64,499,781 | ||||||
3.000%, 06/01/52 |
13,295,051 | 11,005,709 | ||||||
3.500%, 02/01/24 |
6,616 | 6,572 | ||||||
3.500%, 10/01/24 |
31,811 | 31,385 | ||||||
3.500%, 11/01/24 |
13,468 | 13,288 | ||||||
3.500%, 02/01/25 |
80,399 | 79,037 | ||||||
3.500%, 04/01/25 |
7,420 | 7,297 | ||||||
3.500%, 10/01/26 |
30,225 | 29,400 | ||||||
3.500%, 12/01/26 |
85,012 | 82,598 | ||||||
3.500%, 04/01/27 |
41,212 | 40,291 | ||||||
3.500%, 12/01/28 |
201,690 | 189,250 | ||||||
3.500%, 03/01/29 |
136,184 | 126,893 | ||||||
3.500%, 07/01/29 |
24,120 | 22,670 | ||||||
3.500%, 12/01/31 |
62,071 | 58,353 | ||||||
3.500%, 05/01/32 |
172,482 | 162,064 | ||||||
3.500%, 06/01/32 |
286,527 | 269,228 | ||||||
3.500%, 05/01/33 |
147,148 | 138,267 | ||||||
3.500%, 06/01/33 |
194,974 | 183,202 | ||||||
3.500%, 08/01/33 |
123,358 | 115,918 | ||||||
3.500%, 09/01/33 |
520,130 | 487,933 | ||||||
3.500%, 10/01/33 |
291,103 | 273,285 | ||||||
3.500%, 05/01/34 |
5,347,612 | 5,025,378 | ||||||
3.500%, 07/01/34 |
258,653 | 243,011 | ||||||
3.500%, 09/01/34 |
600,581 | 564,323 | ||||||
3.500%, 02/01/35 |
34,771 | 32,667 | ||||||
3.500%, 03/01/35 |
77,947 | 73,249 | ||||||
3.500%, 05/01/35 |
2,807,487 | 2,654,186 | ||||||
3.500%, 04/01/40 |
351,199 | 311,994 | ||||||
3.500%, 05/01/40 |
4,083,176 | 3,627,391 | ||||||
3.500%, 05/01/52 |
210,811 | 181,383 | ||||||
3.500%, 07/01/52 |
2,255,183 | 1,941,857 | ||||||
3.500%, 08/01/52 |
2,554,525 | 2,199,766 | ||||||
3.511%, 1Y RFUCCT + 1.261%, 12/01/34 (a) |
247,623 | 242,436 | ||||||
3.585%, 1Y RFUCCT + 1.335%, 12/01/34 (a) |
61,163 | 59,841 | ||||||
3.600%, 1Y RFUCCT + 1.350%, 11/01/34 (a) |
1,793 | 1,760 | ||||||
3.878%, 1Y RFUCCT + 1.503%, 01/01/35 (a) |
16,192 | 16,230 | ||||||
3.896%, 1Y RFUCCT + 1.631%, 01/01/35 (a) |
4,705 | 4,625 | ||||||
3.920%, 1Y RFUCCT + 1.670%, 11/01/34 (a) |
15,760 | 15,977 | ||||||
3.930%, 1Y RFUCCT + 1.680%, 12/01/34 (a) |
9,349 | 9,242 | ||||||
3.931%, 1Y RFUCCT + 1.556%, 01/01/35 (a) |
12,500 | 12,561 | ||||||
3.963%, 1Y RFUCCT + 1.638%, 02/01/35 (a) |
7,305 | 7,354 | ||||||
3.964%, 1Y RFUCCT + 1.565%, 01/01/35 (a) |
11,229 | 11,300 | ||||||
4.000%, 05/01/24 |
27,931 | 27,519 | ||||||
4.000%, 06/01/24 |
26,775 | 26,380 | ||||||
4.000%, 02/01/25 |
21,151 | 20,436 | ||||||
4.000%, 06/01/25 |
10,883 | 10,534 | ||||||
4.000%, 08/01/25 |
4,622 | 4,460 | ||||||
4.000%, 12/01/25 |
4,597 | 4,438 | ||||||
Agency Sponsored Mortgage-Backed(Continued) | ||||||||
Federal National Mortgage Association | ||||||||
4.000%, 02/01/26 |
12,040 | 11,620 | ||||||
4.000%, 03/01/26 |
2,522 | 2,428 | ||||||
4.000%, 06/01/26 |
4,029 | 3,891 | ||||||
4.000%, 04/01/29 |
10,876 | 10,101 | ||||||
4.000%, 05/01/29 |
30,370 | 28,209 | ||||||
4.000%, 03/01/30 |
19,531 | 18,138 | ||||||
4.000%, 05/01/30 |
30,736 | 28,543 | ||||||
4.000%, 08/01/30 |
26,690 | 24,783 | ||||||
4.000%, 09/01/30 |
22,132 | 20,552 | ||||||
4.000%, 10/01/30 |
800 | 742 | ||||||
4.000%, 11/01/30 |
96,044 | 89,177 | ||||||
4.000%, 12/01/30 |
13,329 | 12,377 | ||||||
4.000%, 06/01/31 |
1,800 | 1,672 | ||||||
4.000%, 09/01/31 |
47,251 | 43,868 | ||||||
4.000%, 11/01/31 |
2,905 | 2,670 | ||||||
4.000%, 11/01/33 |
36,529 | 34,734 | ||||||
4.000%, 05/01/34 |
50,727 | 46,550 | ||||||
4.000%, 05/01/35 |
19,576 | 17,868 | ||||||
4.000%, 01/01/41 |
24,323 | 22,270 | ||||||
4.000%, 12/01/43 |
184,798 | 169,169 | ||||||
4.000%, 06/01/52 |
462,210 | 415,184 | ||||||
4.000%, 10/01/52 |
1,681,796 | 1,510,540 | ||||||
4.025%, 1Y H15 + 1.900%, 02/01/31 (a) |
83,353 | 81,556 | ||||||
4.060%, 1Y RFUCCT + 1.810%, 09/01/34 (a) |
203,072 | 203,213 | ||||||
4.065%, 1Y RFUCCT + 1.372%, 03/01/35 (a) |
9,741 | 9,531 | ||||||
4.097%, 1Y RFUCCT + 1.575%, 10/01/34 (a) |
4,468 | 4,412 | ||||||
4.135%, 1Y RFUCCT + 1.885%, 11/01/32 (a) |
17,688 | 17,412 | ||||||
4.143%, 1Y H15 + 2.095%, 10/01/35 (a) |
43,089 | 42,636 | ||||||
4.253%, 1Y RFUCCT + 1.680%, 09/01/32 (a) |
40,969 | 40,421 | ||||||
4.318%, 1Y RFUCCT + 1.618%, 03/01/33 (a) |
1,289 | 1,266 | ||||||
4.328%, 1Y H15 + 2.194%, 02/01/35 (a) |
18,487 | 18,807 | ||||||
4.451%, 6M RFUCCT + 1.412%, 06/01/33 (a) |
5,640 | 5,614 | ||||||
4.500%, 04/01/24 |
96 | 93 | ||||||
4.500%, 05/01/24 |
3,432 | 3,329 | ||||||
4.500%, 08/01/24 |
252 | 243 | ||||||
4.500%, 10/01/24 |
10,552 | 10,211 | ||||||
4.500%, 11/01/24 |
1,742 | 1,685 | ||||||
4.500%, 01/01/25 |
462 | 452 | ||||||
4.500%, 02/01/25 |
14,295 | 13,813 | ||||||
4.500%, 03/01/25 |
13,537 | 13,080 | ||||||
4.500%, 04/01/25 |
11,495 | 11,111 | ||||||
4.500%, 05/01/25 |
21,902 | 21,159 | ||||||
4.500%, 06/01/25 |
1,889 | 1,825 | ||||||
4.500%, 07/01/25 |
222,838 | 215,135 | ||||||
4.500%, 08/01/25 |
3,062 | 2,953 | ||||||
4.500%, 09/01/25 |
7,687 | 7,429 | ||||||
4.500%, 11/01/25 |
12,937 | 12,480 | ||||||
4.500%, 04/01/26 |
805 | 777 | ||||||
4.500%, 01/01/27 |
1,181 | 1,142 | ||||||
4.500%, 04/01/31 |
8,751 | 8,409 | ||||||
4.500%, 04/01/39 |
12,453 | 11,763 | ||||||
4.500%, 05/01/39 |
23,802 | 22,485 | ||||||
4.500%, 12/01/39 |
4,093 | 3,845 | ||||||
4.500%, 05/01/40 |
8,765 | 8,280 | ||||||
4.500%, 09/01/40 |
10,297 | 9,727 |
BHFTI-270
Table of Contents
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies(Continued)
Security Description | Principal Amount* |
Value | ||||||
Agency Sponsored Mortgage-Backed(Continued) | ||||||||
Federal National Mortgage Association | ||||||||
4.500%, 12/01/40 |
31,807 | $ | 30,341 | |||||
4.500%, 02/01/41 |
5,945 | 5,535 | ||||||
4.500%, 07/01/41 |
5,983 | 5,571 | ||||||
4.500%, 09/01/41 |
152,716 | 142,433 | ||||||
4.500%, 03/01/42 |
19,616 | 18,379 | ||||||
4.500%, 07/01/42 |
91,493 | 84,610 | ||||||
4.500%, 05/01/53 |
5,285,971 | 4,855,137 | ||||||
4.537%, 1Y RFUCCT + 1.810%, 04/01/35 (a) |
20,962 | 21,201 | ||||||
4.585%, 1Y RFUCCT + 1.648%, 05/01/35 (a) |
14,028 | 14,143 | ||||||
4.663%, 6M RFUCCT + 1.538%, 01/01/36 (a) |
4,898 | 4,806 | ||||||
4.691%, 6M RFUCCT + 1.373%, 09/01/35 (a) |
195,192 | 191,216 | ||||||
4.739%, 1Y H15 + 2.215%, 09/01/31 (a) |
12,399 | 12,212 | ||||||
4.797%, ECOFC + 1.927%, 12/01/36 (a) |
13,561 | 13,429 | ||||||
4.965%, 1Y H15 + 2.159%, 11/01/35 (a) |
93,683 | 95,346 | ||||||
5.000%, 03/01/32 |
508 | 483 | ||||||
5.000%, 04/01/33 |
27,727 | 26,295 | ||||||
5.000%, 07/01/33 |
35,926 | 35,143 | ||||||
5.000%, 08/01/33 |
669 | 654 | ||||||
5.000%, 09/01/33 |
630 | 617 | ||||||
5.000%, 10/01/33 |
6,123 | 5,999 | ||||||
5.000%, 11/01/33 |
132 | 127 | ||||||
5.000%, 01/01/34 |
14,052 | 13,350 | ||||||
5.000%, 04/01/34 |
43,480 | 42,060 | ||||||
5.000%, 06/01/34 |
661 | 634 | ||||||
5.000%, 12/01/34 |
12,311 | 11,840 | ||||||
5.000%, 01/01/35 |
15,029 | 14,453 | ||||||
5.000%, 04/01/35 |
15 | 15 | ||||||
5.000%, 07/01/35 |
18,310 | 17,489 | ||||||
5.000%, 01/01/38 |
45,715 | 44,748 | ||||||
5.000%, 04/01/39 |
8,284 | 8,107 | ||||||
5.000%, 10/01/39 |
1,576 | 1,510 | ||||||
5.000%, 11/01/39 |
6,136 | 6,004 | ||||||
5.000%, 06/01/40 |
9,997 | 9,571 | ||||||
5.000%, 11/01/42 |
36,229 | 34,657 | ||||||
5.000%, 04/01/53 |
16,577,593 | 15,649,219 | ||||||
5.000%, 06/01/53 |
17,482,415 | 16,500,684 | ||||||
5.000%, 07/01/53 |
9,865,959 | 9,321,536 | ||||||
5.049%, 1Y H15 + 2.129%, 07/01/33 (a) |
3,291 | 3,276 | ||||||
5.114%, 1Y H15 + 2.067%, 10/01/28 (a) |
37,617 | 37,061 | ||||||
5.279%, 1Y H15 + 2.313%, 05/01/35 (a) |
79,706 | 81,122 | ||||||
5.328%, 1Y H15 + 2.300%, 04/01/34 (a) |
1,207 | 1,223 | ||||||
5.390%, 1Y H15 + 2.360%, 11/01/34 (a) |
407,669 | 415,992 | ||||||
5.410%, 1Y RFUCCT + 1.660%, 05/01/34 (a) |
200,540 | 196,200 | ||||||
5.500%, 10/01/23 |
9 | 9 | ||||||
5.500%, 12/01/23 |
1 | 1 | ||||||
5.500%, 01/01/24 |
7 | 7 | ||||||
5.500%, 03/01/24 |
27 | 27 | ||||||
5.500%, 01/01/25 |
3,058 | 3,045 | ||||||
5.500%, 05/01/25 |
26 | 26 | ||||||
5.500%, 12/01/28 |
3,462 | 3,349 | ||||||
5.500%, 06/01/33 |
17,285 | 17,095 | ||||||
5.500%, 07/01/33 |
4,017 | 3,996 | ||||||
5.500%, 09/01/33 |
74,889 | 73,147 | ||||||
5.500%, 11/01/33 |
89,525 | 86,713 | ||||||
5.500%, 12/01/33 |
417 | 407 | ||||||
Agency Sponsored Mortgage-Backed(Continued) | ||||||||
Federal National Mortgage Association | ||||||||
5.500%, 04/01/34 |
767 | 763 | ||||||
5.500%, 07/01/34 |
5,999 | 5,826 | ||||||
5.500%, 08/01/34 |
81,526 | 79,664 | ||||||
5.500%, 09/01/34 |
1,388 | 1,381 | ||||||
5.500%, 11/01/34 |
102,785 | 102,259 | ||||||
5.500%, 12/01/34 |
251,881 | 250,708 | ||||||
5.500%, 01/01/35 |
89,753 | 89,328 | ||||||
5.500%, 02/01/35 |
115,306 | 114,743 | ||||||
5.500%, 03/01/35 |
226,380 | 225,385 | ||||||
5.500%, 04/01/35 |
25,707 | 24,903 | ||||||
5.500%, 05/01/35 |
42,606 | 42,419 | ||||||
5.500%, 06/01/35 |
69,799 | 69,483 | ||||||
5.500%, 08/01/35 |
56,391 | 56,168 | ||||||
5.500%, 09/01/35 |
640,984 | 638,525 | ||||||
5.500%, 10/01/35 |
61,667 | 61,511 | ||||||
5.500%, 12/01/35 |
331,896 | 329,856 | ||||||
5.500%, 01/01/36 |
83,965 | 83,763 | ||||||
5.500%, 03/01/36 |
76,695 | 76,467 | ||||||
5.500%, 05/01/36 |
625 | 622 | ||||||
5.500%, 07/01/36 |
327,544 | 326,077 | ||||||
5.500%, 09/01/36 |
39,074 | 38,874 | ||||||
5.500%, 11/01/36 |
21,096 | 21,002 | ||||||
5.500%, 12/01/36 |
1,191 | 1,153 | ||||||
5.500%, 02/01/37 |
436 | 436 | ||||||
5.500%, 05/01/37 |
7,668 | 7,553 | ||||||
5.500%, 08/01/37 |
290,454 | 289,712 | ||||||
5.500%, 01/01/38 |
2,620 | 2,614 | ||||||
5.500%, 02/01/38 |
82,715 | 82,623 | ||||||
5.500%, 03/01/38 |
392,410 | 391,249 | ||||||
5.500%, 05/01/38 |
603,293 | 602,013 | ||||||
5.500%, 06/01/38 |
22,921 | 22,813 | ||||||
5.500%, 09/01/38 |
18,098 | 17,561 | ||||||
5.500%, 10/01/38 |
213,805 | 213,390 | ||||||
5.500%, 11/01/38 |
54,103 | 53,987 | ||||||
5.500%, 01/01/39 |
15,632 | 15,595 | ||||||
5.500%, 07/01/39 |
5,577 | 5,399 | ||||||
5.500%, 11/01/39 |
696,313 | 693,641 | ||||||
5.500%, 02/01/40 |
132,095 | 131,418 | ||||||
5.500%, 06/01/40 |
50,273 | 48,692 | ||||||
5.500%, 09/01/40 |
97,803 | 97,573 | ||||||
5.500%, 07/01/41 |
1,169,622 | 1,165,433 | ||||||
5.500%, 02/01/49 |
65,699 | 64,311 | ||||||
5.514%, ECOFC + 1.735%, 09/01/34 (a) |
3,043 | 3,046 | ||||||
5.630%, 12M MTA + 1.200%, 08/01/41 (a) |
49,500 | 48,022 | ||||||
5.630%, 12M MTA + 1.200%, 07/01/42 (a) |
103,943 | 100,683 | ||||||
5.630%, 12M MTA + 1.200%, 08/01/42 (a) |
113,835 | 110,122 | ||||||
5.630%, 12M MTA + 1.200%, 10/01/44 (a) |
93,313 | 89,683 | ||||||
5.680%, 12M MTA + 1.250%, 09/01/41 (a) |
248,764 | 242,473 | ||||||
5.903%, 1Y H15 + 2.153%, 07/01/32 (a) |
11,947 | 11,836 | ||||||
6.000%, 12/01/28 |
7,032 | 6,944 | ||||||
6.000%, 01/01/29 |
4,896 | 4,839 | ||||||
6.000%, 02/01/29 |
27 | 27 | ||||||
6.000%, 04/01/29 |
714 | 719 | ||||||
6.000%, 06/01/29 |
832 | 830 | ||||||
6.000%, 11/01/32 |
31,903 | 31,535 |
BHFTI-271
Table of Contents
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies(Continued)
Security Description | Principal Amount* |
Value | ||||||
Agency Sponsored Mortgage-Backed(Continued) | ||||||||
Federal National Mortgage Association | ||||||||
6.000%, 12/01/32 |
45,536 | $ | 45,736 | |||||
6.000%, 03/01/33 |
5,208 | 5,248 | ||||||
6.000%, 05/01/33 |
5,327 | 5,363 | ||||||
6.000%, 07/01/33 |
5,373 | 5,410 | ||||||
6.000%, 01/01/34 |
328 | 327 | ||||||
6.000%, 09/01/34 |
3,643 | 3,597 | ||||||
6.000%, 11/01/34 |
2,638 | 2,607 | ||||||
6.000%, 04/01/35 |
241,649 | 244,108 | ||||||
6.000%, 05/01/35 |
6,171 | 6,157 | ||||||
6.000%, 06/01/35 |
406 | 402 | ||||||
6.000%, 07/01/35 |
13,210 | 13,125 | ||||||
6.000%, 1Y RFUCCT + 1.750%, 08/01/35 (a) |
120,969 | 123,730 | ||||||
6.000%, 09/01/35 |
2,281 | 2,300 | ||||||
6.000%, 11/01/35 |
115,647 | 114,225 | ||||||
6.000%, 12/01/35 |
8,398 | 8,365 | ||||||
6.000%, 04/01/36 |
1,139 | 1,132 | ||||||
6.000%, 05/01/36 |
23,878 | 23,937 | ||||||
6.000%, 06/01/36 |
1,171 | 1,157 | ||||||
6.000%, 07/01/36 |
3,839 | 3,792 | ||||||
6.000%, 08/01/36 |
527,668 | 536,501 | ||||||
6.000%, 09/01/36 |
64,503 | 64,999 | ||||||
6.000%, 10/01/36 |
3,708 | 3,671 | ||||||
6.000%, 11/01/36 |
11,690 | 11,709 | ||||||
6.000%, 12/01/36 |
4,468 | 4,413 | ||||||
6.000%, 01/01/37 |
63,420 | 63,475 | ||||||
6.000%, 02/01/37 |
140,486 | 142,842 | ||||||
6.000%, 04/01/37 |
33,021 | 32,957 | ||||||
6.000%, 05/01/37 |
17,896 | 17,683 | ||||||
6.000%, 07/01/37 |
9,103 | 9,253 | ||||||
6.000%, 08/01/37 |
8,647 | 8,788 | ||||||
6.000%, 11/01/37 |
15,711 | 15,866 | ||||||
6.000%, 02/01/38 |
132,893 | 135,028 | ||||||
6.000%, 03/01/38 |
3,131 | 3,152 | ||||||
6.000%, 08/01/38 |
3,978 | 3,933 | ||||||
6.000%, 09/01/38 |
293,483 | 297,238 | ||||||
6.000%, 10/01/38 |
22,259 | 22,613 | ||||||
6.000%, 11/01/38 |
6,990 | 6,901 | ||||||
6.000%, 01/01/39 |
23,432 | 23,825 | ||||||
6.000%, 04/01/39 |
144,408 | 146,666 | ||||||
6.000%, 07/01/39 |
29,491 | 29,898 | ||||||
6.000%, 08/01/39 |
123,508 | 123,939 | ||||||
6.000%, 05/01/49 |
995,226 | 1,002,145 | ||||||
6.205%, 12M MTA + 1.770%, 11/01/35 (a) |
58,570 | 57,443 | ||||||
6.223%, 1Y H15 + 2.223%, 08/01/35 (a) |
59,327 | 59,764 | ||||||
6.670%, 6M RFUCCT + 1.515%, 01/01/35 (a) |
29,912 | 30,245 | ||||||
7.230%, 6M RFUCCT + 1.605%, 08/01/36 (a) |
14,020 | 14,033 | ||||||
8.000%, 10/01/25 |
93 | 93 | ||||||
Federal National Mortgage Association REMICS | ||||||||
4.780%, 05/25/35 (a) |
202,655 | 205,294 | ||||||
5.809%, SOFR30A + 0.494%, 11/25/42 (a) |
1,644,076 | 1,606,865 | ||||||
5.828%, SOFR30A + 0.514%, 09/18/31 (a) |
31,469 | 31,396 | ||||||
6.329%, SOFR30A + 1.014%, 04/25/32 (a) |
11,382 | 11,418 | ||||||
Federal National Mortgage Association-Aces | ||||||||
2.349%, 01/25/31 (a) (b) |
20,770,108 | 1,695,127 | ||||||
Agency Sponsored Mortgage-Backed(Continued) | ||||||||
Government National Mortgage Association | ||||||||
2.625%, 1Y H15 + 1.500%, 08/20/27 (a) |
6,572 | 6,366 | ||||||
2.625%, 1Y H15 + 1.500%, 09/20/27 (a) |
27,876 | 26,944 | ||||||
2.625%, 1Y H15 + 1.500%, 07/20/29 (a) |
2,314 | 2,236 | ||||||
2.625%, 1Y H15 + 1.500%, 08/20/29 (a) |
2,397 | 2,316 | ||||||
2.625%, 1Y H15 + 1.500%, 09/20/29 (a) |
3,282 | 3,146 | ||||||
2.625%, 1Y H15 + 1.500%, 08/20/31 (a) |
646 | 624 | ||||||
2.625%, 1Y H15 + 1.500%, 09/20/33 (a) |
15,761 | 15,254 | ||||||
2.750%, 1Y H15 + 1.500%, 11/20/27 (a) |
2,981 | 2,859 | ||||||
2.750%, 1Y H15 + 1.500%, 10/20/28 (a) |
255 | 243 | ||||||
2.750%, 1Y H15 + 1.500%, 10/20/29 (a) |
1,531 | 1,475 | ||||||
2.750%, 1Y H15 + 1.500%, 11/20/30 (a) |
3,398 | 3,237 | ||||||
3.000%, 11/15/49 |
1,918,453 | 1,631,096 | ||||||
3.250%, 1Y H15 + 2.000%, 10/20/31 (a) |
3,495 | 3,333 | ||||||
3.500%, 1Y H15 + 1.500%, 11/20/26 (a) |
1,990 | 1,925 | ||||||
3.500%, 1Y H15 + 1.500%, 10/20/30 (a) |
684 | 661 | ||||||
3.625%, 1Y H15 + 1.500%, 02/20/26 (a) |
1,393 | 1,352 | ||||||
3.625%, 1Y H15 + 1.500%, 01/20/27 (a) |
735 | 709 | ||||||
3.625%, 1Y H15 + 1.500%, 02/20/28 (a) |
2,040 | 1,962 | ||||||
3.625%, 1Y H15 + 1.500%, 03/20/28 (a) |
3,258 | 3,150 | ||||||
3.625%, 1Y H15 + 1.500%, 01/20/30 (a) |
8,160 | 7,926 | ||||||
3.625%, 1Y H15 + 1.500%, 03/20/32 (a) |
120 | 117 | ||||||
3.625%, 1Y H15 + 1.500%, 03/20/33 (a) |
1,125 | 1,111 | ||||||
3.875%, 1Y H15 + 1.500%, 05/20/26 (a) |
1,735 | 1,700 | ||||||
3.875%, 1Y H15 + 1.500%, 06/20/27 (a) |
1,071 | 1,050 | ||||||
3.875%, 1Y H15 + 1.500%, 05/20/28 (a) |
1,263 | 1,239 | ||||||
3.875%, 1Y H15 + 1.500%, 05/20/29 (a) |
2,318 | 2,265 | ||||||
3.875%, 1Y H15 + 1.500%, 06/20/30 (a) |
2,502 | 2,424 | ||||||
3.875%, 1Y H15 + 1.500%, 04/20/31 (a) |
2,703 | 2,638 | ||||||
3.875%, 1Y H15 + 1.500%, 04/20/32 (a) |
2,004 | 1,962 | ||||||
3.875%, 1Y H15 + 1.500%, 05/20/32 (a) |
3,809 | 3,697 | ||||||
4.000%, 1Y H15 + 1.500%, 04/20/30 (a) |
3,408 | 3,315 | ||||||
4.000%, 1Y H15 + 1.500%, 05/20/30 (a) |
7,421 | 7,221 | ||||||
4.000%, 03/15/52 |
6,695,060 | 6,081,899 | ||||||
4.500%, 12/20/49 |
10,927 | 10,236 | ||||||
5.000%, 10/15/33 |
2,286 | 2,197 | ||||||
5.000%, 12/15/33 |
8,459 | 8,253 | ||||||
5.000%, 05/15/34 |
2,780 | 2,702 | ||||||
5.000%, 07/15/34 |
488 | 466 | ||||||
5.000%, 11/15/35 |
1,313 | 1,267 | ||||||
5.000%, 03/15/36 |
732 | 707 | ||||||
5.000%, 10/15/38 |
198,554 | 194,446 | ||||||
5.000%, 02/15/39 |
32,999 | 32,284 | ||||||
5.000%, 03/15/39 |
51,136 | 50,063 | ||||||
5.000%, 04/15/39 |
272,222 | 264,731 | ||||||
5.000%, 05/15/39 |
931,032 | 910,065 | ||||||
5.000%, 06/15/39 |
237,781 | 231,717 | ||||||
5.000%, 09/15/39 |
133,644 | 130,740 | ||||||
5.000%, 05/15/40 |
9,164 | 8,924 | ||||||
5.000%, 09/15/40 |
103,570 | 101,135 | ||||||
5.000%, 12/15/40 |
7,855 | 7,688 | ||||||
5.000%, 09/15/47 |
17,767 | 16,942 | ||||||
5.000%, 03/15/48 |
1,522,110 | 1,451,505 | ||||||
5.000%, 04/15/48 |
1,574,226 | 1,500,018 | ||||||
5.000%, 01/15/49 |
2,091,720 | 2,096,847 |
BHFTI-272
Table of Contents
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies(Continued)
Security Description | Principal Amount* |
Value | ||||||
Agency Sponsored Mortgage-Backed(Continued) | ||||||||
Government National Mortgage Association | ||||||||
5.000%, 05/15/49 |
288,606 | $ | 290,481 | |||||
5.000%, 06/20/49 |
56,768 | 54,492 | ||||||
5.000%, 07/20/49 |
117,460 | 113,102 | ||||||
5.000%, 06/15/50 |
396,843 | 378,708 | ||||||
5.000%, 04/15/52 |
6,864,417 | 6,535,675 | ||||||
7.500%, 01/15/26 |
453 | 452 | ||||||
Government National Mortgage Association REMICS |
12,398,780 | 12,335,322 | ||||||
5.270%, 1M TSFR + 1.114%, 01/20/67 (a) |
5,729,839 | 5,705,107 | ||||||
5.659%, 12M TSFR + 1.515%, 09/20/67 (a) |
5,131,927 | 5,139,706 | ||||||
5.772%, 1M TSFR + 0.454%, 12/20/62 (a) |
51,260 | 50,863 | ||||||
5.814%, SOFR30A + 0.500%, 01/20/72 (a) |
3,957,550 | 3,849,298 | ||||||
5.937%, 09/20/66 (a) |
6,387,014 | 6,468,477 | ||||||
6.032%, 1M TSFR + 0.714%, 08/20/65 (a) |
1,689,070 | 1,674,201 | ||||||
6.032%, 1M TSFR + 0.714%, 10/20/65 (a) |
2,694,210 | 2,684,250 | ||||||
6.082%, 1M TSFR + 0.764%, 06/20/66 (a) |
1,474,795 | 1,471,995 | ||||||
6.114%, SOFR30A + 0.800%, 01/20/73 (a) |
7,303,710 | 7,245,277 | ||||||
6.194%, SOFR30A + 0.880%, 03/20/73 (a) |
8,033,767 | 8,003,839 | ||||||
6.214%, SOFR30A + 0.900%, 01/20/73 (a) |
12,544,920 | 12,512,363 | ||||||
6.282%, 1M TSFR + 0.964%, 09/20/66 (a) |
4,540,814 | 4,520,096 | ||||||
6.334%, SOFR30A + 1.020%, 12/20/72 (a) |
4,975,663 | 4,995,083 | ||||||
Government National Mortgage Association, TBA |
3,050,000 | 2,760,965 | ||||||
Uniform Mortgage-Backed Security, TBA |
20,600,000 | 16,374,551 | ||||||
3.000%, TBA (c) |
435,650,000 | 360,721,602 | ||||||
3.500%, TBA (c) |
411,600,000 | 354,250,095 | ||||||
4.000%, TBA (c) |
299,000,000 | 266,402,781 | ||||||
4.500%, TBA (c) |
102,100,000 | 93,776,465 | ||||||
5.000%, TBA (c) |
204,100,000 | 192,591,094 | ||||||
5.500%, TBA (c) |
293,400,000 | 283,479,770 | ||||||
6.000%, TBA (c) |
50,800,000 | 50,109,438 | ||||||
|
|
|||||||
1,960,918,682 | ||||||||
|
|
|||||||
U.S. Treasury20.0% | ||||||||
U.S. Treasury Bonds | ||||||||
1.375%, 11/15/40 |
62,400,000 | 36,930,563 | ||||||
1.375%, 08/15/50 |
39,500,000 | 19,274,766 | ||||||
1.625%, 11/15/50 |
29,100,000 | 15,242,262 | ||||||
1.875%, 02/15/41 |
16,900,000 | 10,901,820 | ||||||
2.000%, 02/15/50 |
9,600,000 | 5,602,500 | ||||||
2.250%, 08/15/49 |
8,900,000 | 5,540,250 | ||||||
2.750%, 08/15/42 |
39,000,000 | 28,591,875 | ||||||
2.750%, 11/15/42 |
2,800,000 | 2,044,109 | ||||||
2.875%, 05/15/43 |
83,700,000 | 62,009,930 | ||||||
2.875%, 08/15/45 |
3,100,000 | 2,245,199 | ||||||
2.875%, 05/15/49 |
10,200,000 | 7,276,266 | ||||||
3.000%, 02/15/49 |
11,000,000 | 8,040,742 | ||||||
3.125%, 02/15/42 |
15,800,000 | 12,385,719 | ||||||
3.125%, 08/15/44 |
116,300,000 | 88,860,469 | ||||||
3.250%, 05/15/42 |
38,000,000 | 30,281,250 | ||||||
3.375%, 05/15/44 |
18,000,000 | 14,363,437 | ||||||
4.250%, 05/15/39 |
9,600,000 | 9,048,750 | ||||||
4.375%, 11/15/39 |
57,100,000 | 54,336,449 | ||||||
U.S. Treasury(Continued) | ||||||||
U.S. Treasury Bonds | ||||||||
4.375%, 08/15/43 (d) |
24,000,000 | 22,391,251 | ||||||
4.500%, 08/15/39 |
15,100,000 | 14,624,586 | ||||||
4.625%, 02/15/40 |
12,800,000 | 12,537,500 | ||||||
U.S. Treasury Inflation-Indexed Bonds |
2,465,547 | 1,371,677 | ||||||
0.125%, 02/15/52 (e) |
2,196,120 | 1,205,078 | ||||||
0.250%, 02/15/50 (e) |
7,728,110 | 4,546,529 | ||||||
0.625%, 02/15/43 (e) |
1,595,424 | 1,159,051 | ||||||
0.750%, 02/15/45 (e) |
23,235,453 | 16,879,286 | ||||||
0.875%, 02/15/47 (e) |
4,938,492 | 3,598,637 | ||||||
1.000%, 02/15/46 (e) |
1,935,090 | 1,468,155 | ||||||
1.000%, 02/15/49 (e) |
2,672,428 | 1,971,177 | ||||||
1.375%, 02/15/44 (e) |
6,820,112 | 5,699,655 | ||||||
1.500%, 02/15/53 (e) |
5,861,424 | 4,843,746 | ||||||
U.S. Treasury Inflation-Indexed Notes |
16,993,152 | 14,426,754 | ||||||
0.125%, 01/15/32 (e) |
18,194,550 | 15,241,844 | ||||||
0.625%, 07/15/32 (e) |
17,990,055 | 15,673,660 | ||||||
1.250%, 04/15/28 (e) |
23,744,564 | 22,574,263 | ||||||
U.S. Treasury Notes |
38,200,000 | 37,155,469 | ||||||
2.125%, 07/31/24 (f) (g) (h) (i) |
24,800,000 | 24,123,812 | ||||||
2.125%, 09/30/24 (g) (h) (i) |
7,900,000 | 7,646,953 | ||||||
2.250%, 11/15/24 (f) (g) (h) (i) |
110,600,000 | 106,841,327 | ||||||
U.S. Treasury STRIPS Coupon |
||||||||
Zero Coupon, 02/15/42 |
21,300,000 | 8,345,175 | ||||||
|
|
|||||||
757,301,941 | ||||||||
|
|
|||||||
Total U.S. Treasury & Government Agencies |
2,718,220,623 | |||||||
|
|
|||||||
Corporate Bonds & Notes33.4% |
| |||||||
Aerospace/Defense0.6% | ||||||||
Boeing Co. |
12,300,000 | 12,104,232 | ||||||
2.750%, 02/01/26 |
12,000,000 | 11,208,427 | ||||||
Spirit AeroSystems, Inc. |
1,600,000 | 1,246,738 | ||||||
|
|
|||||||
24,559,397 | ||||||||
|
|
|||||||
Agriculture0.7% | ||||||||
BAT International Finance PLC |
8,300,000 | 8,148,509 | ||||||
Imperial Brands Finance PLC |
9,326,000 | 9,088,262 | ||||||
3.875%, 07/26/29 (144A) |
12,800,000 | 11,269,106 | ||||||
|
|
|||||||
28,505,877 | ||||||||
|
|
|||||||
Airlines0.4% | ||||||||
American Airlines Pass-Through Trust |
2,592,909 | 2,364,988 | ||||||
British Airways Pass-Through Trust |
1,263,873 | 1,117,143 |
BHFTI-273
Table of Contents
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Airlines(Continued) | ||||||||
U.S. Airways Pass-Through Trust |
28,360 | $ | 26,933 | |||||
United Airlines Pass-Through Trust |
3,546,296 | 3,124,581 | ||||||
3.450%, 07/07/28 |
1,981,880 | 1,763,987 | ||||||
5.875%, 10/15/27 |
8,740,267 | 8,665,606 | ||||||
|
|
|||||||
17,063,238 | ||||||||
|
|
|||||||
Auto Manufacturers3.5% | ||||||||
American Honda Finance Corp. |
2,200,000 | 2,201,341 | ||||||
9.318%, SOFR + 0.620%, 06/07/24 (a) |
11,700,000 | 11,709,519 | ||||||
Ford Motor Credit Co. LLC |
13,300,000 | 13,155,194 | ||||||
General Motors Financial Co., Inc. |
11,300,000 | 11,309,198 | ||||||
Hyundai Capital America |
13,500,000 | 11,201,278 | ||||||
5.500%, 03/30/26 (144A) |
5,900,000 | 5,822,581 | ||||||
5.650%, 06/26/26 (144A) |
2,000,000 | 1,982,967 | ||||||
6.000%, 07/11/25 (144A) |
5,000,000 | 4,982,982 | ||||||
Nissan Motor Acceptance Co. LLC |
13,500,000 | 11,745,157 | ||||||
Nissan Motor Co. Ltd. |
8,100,000 | 7,650,104 | ||||||
4.345%, 09/17/27 (144A) |
5,600,000 | 5,111,686 | ||||||
4.810%, 09/17/30 (144A) |
14,700,000 | 12,678,654 | ||||||
Toyota Motor Credit Corp. |
5,800,000 | 5,805,549 | ||||||
Volkswagen Bank GmbH |
2,000,000 | 1,995,035 | ||||||
Volkswagen Group of America Finance LLC |
13,300,000 | 12,871,315 | ||||||
4.625%, 11/13/25 (144A) |
10,900,000 | 10,627,527 | ||||||
|
|
|||||||
130,850,087 | ||||||||
|
|
|||||||
Banks10.8% | ||||||||
AIB Group PLC |
6,700,000 | 6,672,137 | ||||||
Banco Espirito Santo SA |
1,700,000 | 467,305 | ||||||
Bank of America Corp. |
4,800,000 | 4,546,271 | ||||||
2.015%, 3M TSFR + 0.902%, 02/13/26 (a) |
5,900,000 | 5,551,503 | ||||||
3.705%, 3M TSFR + 1.774%, 04/24/28 (a) |
5,700,000 | 5,249,660 | ||||||
4.125%, 01/22/24 |
2,130,000 | 2,119,196 | ||||||
5.819%, SOFR + 1.570%, 09/15/29 (a) |
9,700,000 | 9,580,956 | ||||||
Bank of America NA |
7,100,000 | 7,128,567 | ||||||
Bank of Montreal |
8,950,000 | 8,727,491 | ||||||
Banque Federative du Credit Mutuel SA |
5,900,000 | 5,867,430 | ||||||
Barclays PLC | ||||||||
3.125%, 01/17/24 (GBP) |
4,400,000 | 5,320,124 | ||||||
Banks(Continued) | ||||||||
Barclays PLC | ||||||||
4.972%, 3M LIBOR + 1.902%, 05/16/29 (a) |
2,000,000 | 1,868,364 | ||||||
7.437%, 1Y H15 + 3.500%, 11/02/33 (a) |
9,300,000 | 9,549,965 | ||||||
BNP Paribas SA |
12,500,000 | 8,875,947 | ||||||
CaixaBank SA |
6,300,000 | 6,297,222 | ||||||
Citibank NA |
5,500,000 | 5,505,381 | ||||||
Citigroup, Inc. |
8,100,000 | 7,347,517 | ||||||
Cooperatieve Rabobank UA |
8,400,000 | 8,362,168 | ||||||
Credit Agricole SA |
4,000,000 | 3,572,707 | ||||||
Danske Bank AS |
12,000,000 | 11,176,750 | ||||||
Deutsche Bank AG |
13,000,000 | 10,480,664 | ||||||
Goldman Sachs Group, Inc. |
1,675,000 | 1,614,371 | ||||||
5.798%, SOFR + 1.075%, 08/10/26 (a) |
4,900,000 | 4,862,530 | ||||||
6.407%, SOFR + 1.065%, 08/10/26 (a) |
4,900,000 | 4,899,983 | ||||||
7.377%, 3M TSFR + 2.012%, 10/28/27 (a) |
7,500,000 | 7,689,467 | ||||||
HSBC Holdings PLC |
1,400,000 | 1,084,368 | ||||||
6.254%, SOFR + 2.390%, 03/09/34 (a) |
7,500,000 | 7,330,120 | ||||||
6.911%, SOFR + 1.570%, 08/14/27 (a) |
6,700,000 | 6,736,850 | ||||||
7.390%, SOFR + 3.350%, 11/03/28 (a) |
5,900,000 | 6,103,799 | ||||||
ING Groep NV |
1,100,000 | 1,030,786 | ||||||
4.625%, 01/06/26 (144A) |
6,800,000 | 6,587,647 | ||||||
JPMorgan Chase & Co. |
4,500,000 | 4,318,572 | ||||||
1.578%, SOFR + 0.885%, 04/22/27 (a) |
13,300,000 | 11,869,341 | ||||||
3.960%, 3M TSFR + 1.507%, 01/29/27 (a) |
3,200,000 | 3,058,690 | ||||||
5.299%, SOFR + 1.450%, 07/24/29 (a) |
7,900,000 | 7,686,563 | ||||||
Lloyds Bank PLC |
||||||||
Zero Coupon, 04/02/32 (k) |
13,000,000 | 7,727,257 | ||||||
Lloyds Banking Group PLC |
3,500,000 | 3,468,482 | ||||||
Mitsubishi UFJ Financial Group, Inc. |
10,500,000 | 9,257,768 | ||||||
5.406%, 1Y H15 + 1.970%, 04/19/34 (a) |
800,000 | 758,918 | ||||||
Mizuho Financial Group, Inc. |
9,800,000 | 7,425,029 | ||||||
2.201%, 3M TSFR + 1.772%, 07/10/31 (a) |
12,400,000 | 9,589,031 | ||||||
2.226%, 3M TSFR + 1.092%, 05/25/26 (a) |
5,900,000 | 5,514,329 | ||||||
Morgan Stanley |
5,400,000 | 5,077,519 | ||||||
5.449%, SOFR + 1.630%, 07/20/29 (a) |
7,900,000 | 7,698,303 | ||||||
Santander Holdings USA, Inc. |
4,800,000 | 4,565,276 | ||||||
Societe Generale SA |
5,000,000 | 4,998,783 |
BHFTI-274
Table of Contents
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Banks(Continued) | ||||||||
Standard Chartered PLC |
6,000,000 | $ | 5,775,848 | |||||
6.301%, 1Y H15 + 2.450%, 01/09/29 (144A) (a) |
5,500,000 | 5,481,264 | ||||||
7.776%, 1Y H15 + 3.100%, 11/16/25 (144A) (a) |
8,100,000 | 8,248,451 | ||||||
Sumitomo Mitsui Financial Group, Inc. |
6,500,000 | 6,012,699 | ||||||
1.902%, 09/17/28 |
9,800,000 | 8,088,046 | ||||||
5.464%, 01/13/26 |
2,900,000 | 2,871,139 | ||||||
Toronto-Dominion Bank |
1,100,000 | 1,080,813 | ||||||
UBS Group AG |
10,200,000 | 9,698,097 | ||||||
5.711%, 1Y H15 + 1.550%, 01/12/27 (144A) (a) |
4,000,000 | 3,949,211 | ||||||
6.246%, 1Y H15 + 1.800%, 09/22/29 (144A) (a) |
5,800,000 | 5,739,151 | ||||||
6.442%, SOFR + 3.700%, 08/11/28 (144A) (a) |
7,000,000 | 6,993,983 | ||||||
6.537%, SOFR + 3.920%, 08/12/33 (144A) (a) |
10,650,000 | 10,525,537 | ||||||
UniCredit SpA |
29,700,000 | 29,705,233 | ||||||
Virgin Money UK PLC |
500,000 | 558,015 | ||||||
Wells Fargo & Co. |
2,600,000 | 2,364,473 | ||||||
2.393%, SOFR + 2.100%, 06/02/28 (a) |
5,400,000 | 4,735,633 | ||||||
2.406%, 3M TSFR + 1.087%, 10/30/25 (a) |
6,400,000 | 6,133,155 | ||||||
3.908%, SOFR + 1.320%, 04/25/26 (a) |
1,700,000 | 1,638,040 | ||||||
5.574%, SOFR + 1.740%, 07/25/29 (a) |
7,900,000 | 7,707,174 | ||||||
Wells Fargo Bank NA |
4,700,000 | 4,668,535 | ||||||
5.550%, 08/01/25 |
3,100,000 | 3,089,796 | ||||||
|
|
|||||||
410,285,400 | ||||||||
|
|
|||||||
Biotechnology0.1% | ||||||||
Royalty Pharma PLC |
3,000,000 | 2,726,255 | ||||||
|
|
|||||||
Chemicals0.2% | ||||||||
International Flavors & Fragrances, Inc. |
12,800,000 | 9,628,979 | ||||||
|
|
|||||||
Diversified Financial Services2.2% | ||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust |
4,000,000 | 3,885,161 | ||||||
4.450%, 10/01/25 |
3,000,000 | 2,887,759 | ||||||
6.100%, 01/15/27 |
4,900,000 | 4,876,011 | ||||||
Aviation Capital Group LLC |
10,500,000 | 9,988,611 | ||||||
BGC Partners, Inc. |
1,100,000 | 1,058,503 | ||||||
8.000%, 05/25/28 (144A) |
4,000,000 | 3,937,546 | ||||||
Blue Owl Finance LLC |
13,000,000 | 9,723,759 | ||||||
Capital One Financial Corp. |
11,500,000 | 10,914,169 | ||||||
LeasePlan Corp. NV |
13,100,000 | 12,602,532 | ||||||
Diversified Financial Services(Continued) | ||||||||
Nomura Holdings, Inc. |
500,000 | 414,855 | ||||||
2.679%, 07/16/30 |
9,600,000 | 7,622,275 | ||||||
5.709%, 01/09/26 |
5,100,000 | 5,046,037 | ||||||
5.842%, 01/18/28 |
4,700,000 | 4,632,326 | ||||||
6.181%, 01/18/33 |
3,900,000 | 3,853,199 | ||||||
OneMain Finance Corp. |
1,100,000 | 1,091,280 | ||||||
|
|
|||||||
82,534,023 | ||||||||
|
|
|||||||
Electric3.0% | ||||||||
AES Corp. |
5,000,000 | 3,845,327 | ||||||
Duke Energy Progress LLC |
12,600,000 | 9,701,597 | ||||||
Edison International |
2,900,000 | 2,818,034 | ||||||
Evergy, Inc. |
13,500,000 | 13,041,362 | ||||||
FirstEnergy Corp. |
1,300,000 | 1,208,312 | ||||||
Florida Power & Light Co. |
4,400,000 | 4,242,695 | ||||||
4.450%, 05/15/26 |
6,900,000 | 6,751,975 | ||||||
Georgia Power Co. |
5,200,000 | 5,016,619 | ||||||
National Rural Utilities Cooperative Finance Corp. |
3,600,000 | 3,510,461 | ||||||
Pacific Gas & Electric Co. |
10,900,000 | 10,138,679 | ||||||
3.250%, 02/16/24 |
12,600,000 | 12,452,553 | ||||||
3.300%, 12/01/27 |
1,600,000 | 1,413,665 | ||||||
3.400%, 08/15/24 |
4,500,000 | 4,391,892 | ||||||
3.450%, 07/01/25 |
3,600,000 | 3,415,071 | ||||||
3.500%, 06/15/25 |
2,700,000 | 2,565,627 | ||||||
4.550%, 07/01/30 |
5,000,000 | 4,419,792 | ||||||
5.450%, 06/15/27 |
5,000,000 | 4,812,152 | ||||||
ReNew Wind Energy AP2/ReNew Power Pvt Ltd. other 9 Subsidiaries |
13,100,000 | 11,016,168 | ||||||
Southern California Edison Co. |
3,000,000 | 3,016,095 | ||||||
WEC Energy Group, Inc. |
4,525,000 | 3,834,109 | ||||||
1.800%, 10/15/30 |
5,000,000 | 3,798,808 | ||||||
|
|
|||||||
115,410,993 | ||||||||
|
|
|||||||
Electronics0.2% | ||||||||
Flex Ltd. |
8,160,000 | 7,624,572 | ||||||
|
|
|||||||
Environmental Control0.1% | ||||||||
Republic Services, Inc. |
3,800,000 | 3,693,064 | ||||||
|
|
BHFTI-275
Table of Contents
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Gas0.5% | ||||||||
National Fuel Gas Co. |
6,400,000 | $ | 6,312,051 | |||||
Southern California Gas Co. |
12,500,000 | 11,466,565 | ||||||
|
|
|||||||
17,778,616 | ||||||||
|
|
|||||||
Healthcare-Services0.7% | ||||||||
Centene Corp. |
3,900,000 | 3,145,779 | ||||||
Fresenius Medical Care U.S. Finance III, Inc. |
12,100,000 | 10,552,404 | ||||||
HCA, Inc. |
7,300,000 | 6,632,701 | ||||||
3.375%, 03/15/29 |
5,200,000 | 4,556,057 | ||||||
|
|
|||||||
24,886,941 | ||||||||
|
|
|||||||
Insurance1.1% | ||||||||
Corebridge Global Funding |
2,600,000 | 2,568,605 | ||||||
GA Global Funding Trust |
14,000,000 | 13,861,774 | ||||||
Jackson National Life Global Funding |
6,300,000 | 6,303,654 | ||||||
MassMutual Global Funding II |
||||||||
5.050%, 12/07/27 (144A) |
7,900,000 | 7,769,929 | ||||||
6.283%, SOFR + 0.980%, 07/10/26 (144A) (a) |
3,800,000 | 3,806,333 | ||||||
Pacific Life Global Funding II |
5,500,000 | 5,437,171 | ||||||
Society of Lloyds |
1,600,000 | 1,913,246 | ||||||
|
|
|||||||
41,660,712 | ||||||||
|
|
|||||||
Internet0.1% | ||||||||
Expedia Group, Inc. |
2,561,000 | 2,063,256 | ||||||
|
|
|||||||
Lodging0.5% | ||||||||
Choice Hotels International, Inc. |
2,500,000 | 2,158,529 | ||||||
Hyatt Hotels Corp. |
2,700,000 | 2,638,652 | ||||||
Marriott International, Inc. |
2,600,000 | 2,567,910 | ||||||
4.150%, 12/01/23 |
10,000,000 | 9,968,322 | ||||||
|
|
|||||||
17,333,413 | ||||||||
|
|
|||||||
Media0.3% | ||||||||
Charter Communications Operating LLC/Charter Communications Operating Capital |
13,300,000 | 8,410,638 | ||||||
CSC Holdings LLC |
3,800,000 | 3,093,625 | ||||||
|
|
|||||||
11,504,263 | ||||||||
|
|
|||||||
Oil & Gas0.2% | ||||||||
Petroleos Mexicanos |
3,000,000 | 2,664,000 | ||||||
Pioneer Natural Resources Co. |
4,000,000 | 3,948,585 | ||||||
Rio Oil Finance Trust |
610,473 | 613,525 | ||||||
|
|
|||||||
7,226,110 | ||||||||
|
|
|||||||
Packaging & Containers0.4% | ||||||||
WRKCo, Inc. |
14,700,000 | 14,244,368 | ||||||
|
|
|||||||
Pharmaceuticals0.3% | ||||||||
AbbVie, Inc. |
1,300,000 | 1,227,953 | ||||||
3.600%, 05/14/25 |
700,000 | 676,517 | ||||||
Bayer U.S. Finance II LLC |
6,600,000 | 6,603,189 | ||||||
CVS Health Corp. |
3,900,000 | 3,447,360 | ||||||
CVS Pass-Through Trust |
498,969 | 499,524 | ||||||
|
|
|||||||
12,454,543 | ||||||||
|
|
|||||||
Pipelines0.8% | ||||||||
Cheniere Corpus Christi Holdings LLC |
9,000,000 | 8,745,768 | ||||||
Columbia Pipelines Operating Co. LLC |
3,000,000 | 2,961,379 | ||||||
Energy Transfer LP |
1,800,000 | 1,794,845 | ||||||
MPLX LP |
1,500,000 | 1,366,855 | ||||||
ONEOK, Inc. |
7,500,000 | 7,344,039 | ||||||
Western Midstream Operating LP |
7,000,000 | 7,014,434 | ||||||
|
|
|||||||
29,227,320 | ||||||||
|
|
|||||||
Real Estate0.2% | ||||||||
Logicor Financing Sarl |
4,500,000 | 4,073,281 | ||||||
Ontario Teachers Cadillac Fairview Properties Trust |
1,700,000 | 1,562,373 | ||||||
Tesco Property Finance 6 PLC |
540,324 | 589,541 | ||||||
|
|
|||||||
6,225,195 | ||||||||
|
|
|||||||
Real Estate Investment Trusts4.4% | ||||||||
American Homes 4 Rent LP |
1,900,000 | 1,767,103 | ||||||
American Tower Corp. |
12,000,000 | 11,807,212 | ||||||
Boston Properties LP |
1,811,000 | 1,236,006 |
BHFTI-276
Table of Contents
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Real Estate Investment Trusts(Continued) | ||||||||
Brixmor Operating Partnership LP |
6,000,000 | $ | 5,526,549 | |||||
4.125%, 06/15/26 |
5,500,000 | 5,179,489 | ||||||
Crown Castle, Inc. |
12,500,000 | 11,337,746 | ||||||
EPR Properties |
2,500,000 | 2,008,305 | ||||||
Equinix, Inc. |
2,900,000 | 2,634,623 | ||||||
Extra Space Storage LP |
13,500,000 | 10,335,169 | ||||||
Federal Realty OP LP |
4,900,000 | 4,170,036 | ||||||
GLP Capital LP/GLP Financing II, Inc. |
5,000,000 | 4,896,973 | ||||||
Goodman U.S. Finance Three LLC |
10,800,000 | 9,682,062 | ||||||
Hudson Pacific Properties LP |
2,400,000 | 1,806,829 | ||||||
Kilroy Realty LP |
13,100,000 | 8,840,009 | ||||||
Omega Healthcare Investors, Inc. |
8,900,000 | 8,236,531 | ||||||
Piedmont Operating Partnership LP |
12,900,000 | 9,084,233 | ||||||
Prologis LP |
6,200,000 | 4,803,132 | ||||||
Public Storage Operating Co. |
4,600,000 | 4,239,240 | ||||||
Realty Income Corp. |
10,700,000 | 10,386,537 | ||||||
SBA Tower Trust |
13,000,000 | 11,056,033 | ||||||
Starwood Property Trust, Inc. |
13,300,000 | 11,600,944 | ||||||
Sun Communities Operating LP |
13,200,000 | 10,159,064 | ||||||
UDR, Inc. |
1,000,000 | 921,417 | ||||||
4.400%, 01/26/29 |
3,400,000 | 3,141,262 | ||||||
Welltower OP LLC |
1,102,000 | 1,058,133 | ||||||
Weyerhaeuser Co. |
12,000,000 | 11,710,453 | ||||||
|
|
|||||||
167,625,090 | ||||||||
|
|
|||||||
Retail0.3% | ||||||||
7-Eleven, Inc. |
9,600,000 | 7,278,697 | ||||||
CK Hutchison International 23 Ltd. |
2,700,000 | 2,602,908 | ||||||
|
|
|||||||
9,881,605 | ||||||||
|
|
|||||||
Semiconductors0.7% | ||||||||
Broadcom, Inc. | ||||||||
3.137%, 11/15/35 (144A) |
8,769,000 | 6,393,317 | ||||||
Semiconductors(Continued) | ||||||||
Broadcom, Inc. | ||||||||
3.187%, 11/15/36 (144A) |
10,800,000 | 7,754,271 | ||||||
4.300%, 11/15/32 |
12,400,000 | 10,818,245 | ||||||
|
|
|||||||
24,965,833 | ||||||||
|
|
|||||||
Shipbuilding0.3% | ||||||||
Huntington Ingalls Industries, Inc. |
13,800,000 | 11,592,340 | ||||||
|
|
|||||||
Software0.6% | ||||||||
Oracle Corp. |
6,400,000 | 4,624,266 | ||||||
3.600%, 04/01/50 |
10,600,000 | 6,856,637 | ||||||
VMware, Inc. |
13,500,000 | 11,908,441 | ||||||
|
|
|||||||
23,389,344 | ||||||||
|
|
|||||||
Telecommunications0.2% | ||||||||
AT&T, Inc. |
400,000 | 374,359 | ||||||
Sprint LLC |
1,000,000 | 1,006,083 | ||||||
T-Mobile USA, Inc. |
8,900,000 | 7,081,811 | ||||||
|
|
|||||||
8,462,253 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
1,263,403,087 | |||||||
|
|
|||||||
Asset-Backed Securities15.4% |
| |||||||
Asset-Backed-Automobile1.2% | ||||||||
Ally Auto Receivables Trust |
7,800,000 | 7,794,138 | ||||||
BMW Vehicle Owner Trust |
4,352,696 | 4,352,751 | ||||||
CarMax Auto Owner Trust |
5,900,000 | 5,894,725 | ||||||
Flagship Credit Auto Trust |
11,000,000 | 10,836,169 | ||||||
GM Financial Consumer Automobile Receivables Trust |
4,818,629 | 4,818,871 | ||||||
Hyundai Auto Receivables Trust |
4,430,013 | 4,430,326 | ||||||
Tesla Auto Lease Trust |
3,900,000 | 3,894,136 | ||||||
Toyota Auto Loan Extended Note Trust |
3,900,000 | 3,808,431 | ||||||
|
|
|||||||
45,829,547 | ||||||||
|
|
|||||||
Asset-Backed-Home Equity1.1% | ||||||||
ABFC Trust |
1,072,909 | 1,034,820 | ||||||
6.259%, 1M TSFR + 0.939%, 07/25/35 (a) |
5,695,971 | 5,187,125 |
BHFTI-277
Table of Contents
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Asset-Backed Securities(Continued)
Security Description | Principal Amount* |
Value | ||||||
Asset-Backed-Home Equity(Continued) | ||||||||
Accredited Mortgage Loan Trust |
3,210,113 | $ | 3,075,449 | |||||
ACE Securities Corp. Home Equity Loan Trust |
1,931,775 | 1,836,972 | ||||||
5.734%, 1M TSFR + 0.414%, 07/25/36 (a) |
7,785,634 | 2,795,785 | ||||||
Asset-Backed Securities Corp. Home Equity Loan Trust |
17,675 | 11,894 | ||||||
Bear Stearns Asset-Backed Securities I Trust |
733,796 | 727,897 | ||||||
5.684%, 1M TSFR + 0.364%, 04/25/37 (a) |
4,756,505 | 6,860,197 | ||||||
6.234%, 1M TSFR + 0.914%, 10/27/32 (a) |
6,592 | 6,462 | ||||||
6.439%, 1M TSFR + 1.119%, 06/25/35 (a) |
3,879,546 | 3,738,817 | ||||||
Citigroup Mortgage Loan Trust, Inc. |
5,550,099 | 3,065,958 | ||||||
GSAA Home Equity Trust |
52,418 | 51,735 | ||||||
HSI Asset Securitization Corp. Trust |
8,528,950 | 2,191,459 | ||||||
IXIS Real Estate Capital Trust |
1,677,854 | 1,648,216 | ||||||
MASTR Asset-Backed Securities Trust |
4,693,762 | 1,672,626 | ||||||
5.754%, 1M TSFR + 0.434%, 08/25/36 (a) |
3,039,028 | 1,086,698 | ||||||
Merrill Lynch Mortgage Investors Trust |
8,672,283 | 1,984,032 | ||||||
Morgan Stanley ABS Capital I, Inc. Trust |
93,990 | 78,022 | ||||||
NovaStar Mortgage Funding Trust |
2,804,850 | 2,696,844 | ||||||
Option One Mortgage Accep Corp. Asset Back Certificates |
7,175 | 6,790 | ||||||
Option One Mortgage Loan Trust |
4,157,852 | 2,666,338 | ||||||
Renaissance Home Equity Loan Trust |
63,628 | 56,560 | ||||||
Residential Asset Securities Corporation Trust |
476,740 | 440,684 | ||||||
|
|
|||||||
42,921,380 | ||||||||
|
|
|||||||
Asset-Backed-Other12.9% | ||||||||
ACAS CLO Ltd. |
19,930,029 | 19,872,252 | ||||||
Adagio V CLO DAC |
11,000,000 | 11,422,474 | ||||||
Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates |
489,622 | 483,942 | ||||||
Anchorage Capital CLO 11 Ltd. |
12,000,000 | 11,929,200 | ||||||
ARES European CLO X DAC |
10,995,206 | 11,439,502 | ||||||
Argent Securities, Inc. Asset-Backed Pass-Through Certificates |
3,679,106 | 2,763,205 | ||||||
Asset-Backed-Other(Continued) | ||||||||
BSPDF Issuer Ltd. |
12,000,000 | 11,682,983 | ||||||
Carlyle Global Market Strategies CLO Ltd. |
13,500,000 | 13,422,199 | ||||||
Catamaran CLO Ltd. |
12,565,245 | 12,539,172 | ||||||
Countrywide Asset-Backed Certificates Trust |
630,526 | 603,168 | ||||||
4.443%, 10/25/32 (a) |
1,533,451 | 1,499,111 | ||||||
5.574%, 1M TSFR + 0.254%, 07/25/37 (a) |
5,807,609 | 5,198,864 | ||||||
5.574%, 1M TSFR + 0.254%, 04/25/47 (a) |
1,783,087 | 1,670,679 | ||||||
5.654%, 1M TSFR + 0.334%, 09/25/37 (a) |
2,129,639 | 2,124,518 | ||||||
5.714%, 1M TSFR + 0.394%, 02/25/37 (a) |
2,216,917 | 2,057,616 | ||||||
5.734%, 1M TSFR + 0.414%, 09/25/46 (a) |
499,560 | 492,390 | ||||||
5.734%, 1M TSFR + 0.414%, 03/25/47 (a) |
480,814 | 466,217 | ||||||
Dell Equipment Finance Trust |
428,817 | 428,111 | ||||||
DLLAD LLC |
6,500,000 | 6,459,392 | ||||||
Dryden 80 CLO Ltd. |
1,400,000 | 1,381,964 | ||||||
Elmwood CLO VII Ltd. |
5,000,000 | 5,000,000 | ||||||
First Franklin Mortgage Loan Trust |
4,590,055 | 1,882,971 | ||||||
5.744%, 1M TSFR + 0.424%, 10/25/36 (a) |
16,312,000 | 12,737,361 | ||||||
6.364%, 1M TSFR + 1.044%, 10/25/34 (a) |
4,709,774 | 4,571,781 | ||||||
6.859%, 1M TSFR + 1.539%, 10/25/34 (a) |
1,681,919 | 1,668,271 | ||||||
Gallatin CLO IX Ltd. |
2,522,639 | 2,520,631 | ||||||
GoodLeap Sustainable Home Solutions Trust |
10,325,854 | 8,855,704 | ||||||
GSAMP Trust |
2,314,623 | 1,103,344 | ||||||
6.019%, 1M TSFR + 0.699%, 01/25/36 (a) |
861,991 | 877,611 | ||||||
6.754%, 1M TSFR + 1.434%, 12/25/34 (a) |
4,040,878 | 3,275,559 | ||||||
Harvest CLO XX DAC |
10,887,517 | 11,296,520 | ||||||
Home Equity Loan Trust |
5,346,912 | 5,108,758 | ||||||
Home Equity Mortgage Loan Asset-Backed Trust |
2,085,953 | 1,559,080 | ||||||
JFIN CLO Ltd. |
7,010,847 | 7,002,413 | ||||||
KREF Ltd. |
12,500,000 | 12,302,250 | ||||||
LCM XIII LP |
5,126,971 | 5,113,974 | ||||||
LCM XXV Ltd. |
9,650,072 | 9,597,055 | ||||||
Long Beach Mortgage Loan Trust |
27,431,043 | 7,690,606 | ||||||
5.954%, 1M TSFR + 0.634%, 08/25/45 (a) |
465,120 | 444,861 | ||||||
6.214%, 1M TSFR + 0.894%, 08/25/35 (a) |
8,071,245 | 7,778,635 |
BHFTI-278
Table of Contents
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Asset-Backed Securities(Continued)
Security Description | Principal Amount* |
Value | ||||||
Asset-Backed-Other(Continued) | ||||||||
Madison Park Funding XXXV Ltd. |
7,300,000 | $ | 7,270,800 | |||||
Marathon CLO IX Ltd. |
5,738,602 | 5,729,414 | ||||||
Marathon Static CLO Ltd. |
3,900,000 | 3,898,015 | ||||||
Merrill Lynch First Franklin Mortgage Loan Trust |
9,315,870 | 7,602,081 | ||||||
MF1 LLC |
10,700,000 | 10,727,446 | ||||||
MF1 Ltd. |
6,750,189 | 6,736,565 | ||||||
MidOcean Credit CLO II |
6,102,050 | 6,084,934 | ||||||
Morgan Stanley ABS Capital I, Inc. Trust |
2,704,851 | 2,315,067 | ||||||
5.734%, 1M TSFR + 0.414%, 06/25/36 (a) |
158,640 | 133,622 | ||||||
6.054%, 1M TSFR + 0.734%, 12/25/35 (a) |
972,385 | 927,317 | ||||||
Neuberger Berman CLO XIV Ltd. |
12,130,591 | 12,102,946 | ||||||
OSD CLO Ltd. |
12,712,167 | 12,614,741 | ||||||
OZLM XVI Ltd. |
8,081,450 | 8,065,052 | ||||||
Palmer Square European Loan Funding DAC |
9,056,471 | 9,382,671 | ||||||
Park Place Securities, Inc. |
4,279,985 | 4,134,563 | ||||||
Park Place Securities, Inc. Asset-Backed Pass-Through Certificates |
2,940,308 | 2,859,798 | ||||||
7.234%, 1M TSFR + 1.914%, 12/25/34 (a) |
4,104,111 | 3,948,516 | ||||||
Regatta XI Funding Ltd. |
11,123,593 | 11,092,302 | ||||||
Saranac CLO VII Ltd. |
2,129,414 | 2,125,804 | ||||||
Saxon Asset Securities Trust |
1,790,844 | 1,630,237 | ||||||
Sculptor CLO XXV Ltd. |
15,050,000 | 15,015,054 | ||||||
Securitized Asset-Backed Receivables LLC Trust |
13,797,444 | 8,416,797 | ||||||
5.934%, 1M TSFR + 0.614%, 05/25/36 (a) |
6,611,258 | 3,438,041 | ||||||
Soundview Home Loan Trust |
2,055,479 | 563,537 | ||||||
Specialty Underwriting & Residential Finance Trust |
2,455,526 | 1,642,024 | ||||||
Starwood Ltd. |
13,000,000 | 12,722,158 | ||||||
Structured Asset Investment Loan Trust |
723,998 | 697,102 | ||||||
6.064%, 1M TSFR + 0.744%, 11/25/35 (a) |
4,199,422 | 3,970,333 | ||||||
Structured Asset Securities Corp. Mortgage Loan Trust |
76,123 | 74,565 | ||||||
Asset-Backed-Other(Continued) | ||||||||
Sunrun Demeter Issuer LLC |
12,286,051 | 9,708,447 | ||||||
Symphony CLO Ltd. |
7,700,000 | 7,700,000 | ||||||
Symphony CLO XVII Ltd. |
425,391 | 424,981 | ||||||
TCI-Symphony CLO Ltd. |
13,000,000 | 12,912,627 | ||||||
TCW CLO Ltd. |
12,307,303 | 12,276,190 | ||||||
THL Credit Wind River CLO Ltd. |
4,000,000 | 3,978,880 | ||||||
Toro European CLO 7 DAC |
15,000,000 | 15,594,338 | ||||||
U.S. Small Business Administration |
414,796 | 410,539 | ||||||
Venture XVII CLO Ltd. |
6,001,506 | 5,982,907 | ||||||
Venture XXVII CLO Ltd. |
12,518,845 | 12,418,519 | ||||||
Venture XXVIII CLO Ltd. |
10,456,227 | 10,400,611 | ||||||
Wells Fargo Home Equity Asset-Backed Securities Trust |
655,435 | 654,301 | ||||||
|
|
|||||||
486,708,186 | ||||||||
|
|
|||||||
Asset-Backed-Student Loan0.2% | ||||||||
Nelnet Student Loan Trust |
3,787,110 | 3,761,336 | ||||||
7.514%, SOFR30A + 2.200%, 02/20/41 (144A) (a) |
3,597,755 | 3,597,720 | ||||||
SoFi Professional Loan Program LLC |
1,292,394 | 1,224,100 | ||||||
|
|
|||||||
8,583,156 | ||||||||
|
|
|||||||
Total Asset-Backed Securities |
584,042,269 | |||||||
|
|
|||||||
Mortgage-Backed Securities14.8% |
| |||||||
Collateralized Mortgage Obligations8.1% | ||||||||
Adjustable Rate Mortgage Trust |
123,934 | 90,323 | ||||||
American Home Mortgage Investment Trust |
9,646,537 | 7,663,496 | ||||||
Banc of America Alternative Loan Trust |
316,823 | 241,960 | ||||||
Banc of America Funding Trust |
54,019 | 49,021 | ||||||
4.646%, 05/25/35 (a) |
213,758 | 195,767 | ||||||
4.757%, 02/20/36 (a) |
400,619 | 368,364 | ||||||
Banc of America Mortgage Trust |
4,420,769 | 3,348,082 | ||||||
Bayview MSR Opportunity Master Fund Trust |
11,837,772 | 9,370,342 |
BHFTI-279
Table of Contents
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Mortgage-Backed Securities(Continued)
Security Description | Principal Amount* |
Value | ||||||
Collateralized Mortgage Obligations(Continued) | ||||||||
BCAP LLC Trust |
1,878,168 | $ | 780,526 | |||||
5.854%, 1M TSFR + 0.534%, 05/25/47 (a) |
3,776,280 | 3,515,243 | ||||||
Bear Stearns ALT-A Trust |
968,309 | 478,985 | ||||||
4.138%, 11/25/36 (a) |
1,497,419 | 833,503 | ||||||
4.398%, 05/25/35 (a) |
363,344 | 339,613 | ||||||
4.491%, 11/25/36 (a) |
1,294,231 | 658,877 | ||||||
4.598%, 09/25/35 (a) |
377,053 | 227,793 | ||||||
Bear Stearns ARM Trust |
1,938 | 1,422 | ||||||
5.208%, 10/25/35 (a) |
497,429 | 469,642 | ||||||
Bear Stearns Structured Products, Inc. Trust |
313,102 | 227,457 | ||||||
4.710%, 01/26/36 (a) |
304,557 | 218,855 | ||||||
Chase Mortgage Finance Trust |
239,332 | 218,523 | ||||||
4.099%, 03/25/37 (a) |
494,649 | 461,628 | ||||||
4.376%, 09/25/36 (a) |
895,759 | 747,938 | ||||||
Chevy Chase Funding LLC Mortgage-Backed Certificates |
8,320 | 7,688 | ||||||
CHL Mortgage Pass-Through Trust |
1,184,543 | 1,012,019 | ||||||
5.750%, 06/25/37 |
933,093 | 459,302 | ||||||
5.834%, 1M TSFR + 0.514%, 04/25/46 (a) |
1,207,628 | 1,056,062 | ||||||
6.074%, 1M TSFR + 0.754%, 03/25/35 (a) |
215,028 | 197,782 | ||||||
Citicorp Mortgage Securities Trust |
696,646 | 589,030 | ||||||
Citigroup Mortgage Loan Trust, Inc. |
480,781 | 422,772 | ||||||
5.988%, 1Y H15 + 2.150%, 09/25/35 (a) |
55,217 | 53,979 | ||||||
6.150%, 1Y H15 + 2.100%, 09/25/35 (a) |
293,257 | 291,074 | ||||||
7.780%, 1Y H15 + 2.400%, 10/25/35 (a) |
456,198 | 420,123 | ||||||
CitiMortgage Alternative Loan Trust |
3,710,447 | 3,075,019 | ||||||
Countrywide Alternative Loan Trust |
| |||||||
Zero Coupon, -1 x 1M TSFR + 4.886%, 05/25/35 (a) (b) |
386,022 | 7,573 | ||||||
5.500%, 02/25/36 |
1,409,266 | 966,485 | ||||||
5.954%, 1M TSFR + 0.634%, 06/25/46 (a) |
4,389,150 | 3,637,410 | ||||||
6.000%, 03/25/35 |
6,933,450 | 5,393,253 | ||||||
6.000%, 1M TSFR + 6.000%, 08/25/36 (a) |
1,689,631 | 1,483,970 | ||||||
6.000%, 02/25/37 |
7,432,484 | 3,152,925 | ||||||
6.000%, 04/25/37 |
2,571,105 | 1,156,504 | ||||||
6.000%, 07/25/37 |
3,794,693 | 1,831,305 | ||||||
6.106%, 12M MTA + 1.480%, 01/25/36 (a) |
388,073 | 351,761 | ||||||
Countrywide Home Reperforming Loan REMIC Trust |
537,819 | 491,275 | ||||||
Credit Suisse First Boston Mortgage Securities Corp. |
21,672 | 19,950 | ||||||
CSFB Mortgage-Backed Pass-Through Certificates |
759,252 | 544,722 | ||||||
CSMC Trust |
8,512,230 | 7,432,637 | ||||||
DSLA Mortgage Loan Trust |
165,959 | 151,107 | ||||||
Collateralized Mortgage Obligations(Continued) | ||||||||
First Horizon Mortgage Pass-Through Trust |
56,169 | 39,017 | ||||||
Gemgarto PLC |
3,854,639 | 4,682,596 | ||||||
GreenPoint Mortgage Funding Trust |
19,142 | 17,862 | ||||||
GS Mortgage-Backed Securities Corp. Trust |
11,488,847 | 8,690,393 | ||||||
GS Mortgage-Backed Securities Trust |
11,770,775 | 8,896,587 | ||||||
3.000%, 08/26/52 (144A) (a) |
13,779,688 | 10,919,864 | ||||||
GSR Mortgage Loan Trust |
874,395 | 581,422 | ||||||
3.922%, 01/25/36 (a) |
1,267,803 | 1,153,294 | ||||||
4.353%, 09/25/35 (a) |
6,612 | 6,117 | ||||||
6.000%, 03/25/32 |
47 | 44 | ||||||
HarborView Mortgage Loan Trust |
309,865 | 282,181 | ||||||
IndyMac ARM Trust |
218 | 201 | ||||||
5.292%, 01/25/32 (a) |
5,126 | 4,706 | ||||||
IndyMac INDX Mortgage Loan Trust |
1,975,374 | 1,912,197 | ||||||
5.854%, 1M TSFR + 0.534%, 05/25/46 (a) |
3,196,339 | 2,765,156 | ||||||
JPMorgan Alternative Loan Trust |
866,477 | 742,683 | ||||||
JPMorgan Mortgage Trust |
11,519,706 | 9,089,774 | ||||||
4.038%, 12/26/37 (144A) (a) |
4,768,818 | 4,039,636 | ||||||
4.909%, 07/25/35 (a) |
43,489 | 43,220 | ||||||
5.750%, 01/25/36 |
184,119 | 83,649 | ||||||
Legacy Mortgage Asset Trust |
9,527,184 | 9,470,156 | ||||||
Lehman Mortgage Trust |
2,846,177 | 2,032,216 | ||||||
Lehman XS Trust |
9,707,440 | 8,133,408 | ||||||
MASTR Alternative Loan Trust |
610,825 | 64,241 | ||||||
6.500%, 02/25/35 |
2,269,850 | 2,227,966 | ||||||
MASTR Asset Securitization Trust |
156,887 | 88,868 | ||||||
MetLife Securitization Trust |
3,430,162 | 3,150,961 | ||||||
Mill City Mortgage Loan Trust |
8,400,000 | 6,821,339 | ||||||
Morgan Stanley Re-REMIC Trust |
1,243,367 | 1,178,802 | ||||||
MortgageIT Mortgage Loan Trust |
1,339,611 | 1,234,832 | ||||||
New Residential Mortgage Loan Trust |
7,600,000 | 7,599,895 | ||||||
Nomura Asset Acceptance Corp. Alternative Loan Trust |
587,641 | 300,468 |
BHFTI-280
Table of Contents
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Mortgage-Backed Securities(Continued)
Security Description | Principal Amount* |
Value | ||||||
Collateralized Mortgage Obligations(Continued) | ||||||||
OBX Trust |
5,084,684 | $ | 4,819,684 | |||||
6.120%, 11/25/62 (144A) (a) |
7,206,921 | 7,151,084 | ||||||
PRKCM Trust |
7,030,982 | 6,837,482 | ||||||
RBSSP Resecuritization Trust |
2,971,488 | 2,883,496 | ||||||
Residential Asset Securitization Trust |
2,840,149 | 1,158,904 | ||||||
Ripon Mortgages PLC |
13,982,384 | 16,987,588 | ||||||
6.369%, 3M SONIA + 1.150%, 08/28/56 (144A) (GBP) (a) |
5,777,000 | 6,884,012 | ||||||
6.719%, 3M SONIA + 1.500%, 08/28/56 (144A) (GBP) (a) |
13,223,000 | 15,590,832 | ||||||
Sequoia Mortgage Trust |
104,011 | 99,636 | ||||||
6.139%, 1M TSFR + 0.700%, 07/20/33 (a) |
53,755 | 48,477 | ||||||
Structured Adjustable Rate Mortgage Loan Trust |
168,846 | 165,570 | ||||||
4.669%, 08/25/35 (a) |
40,857 | 34,781 | ||||||
4.842%, 10/25/36 (a) |
5,358,340 | 2,760,869 | ||||||
5.714%, 04/25/35 (a) |
1,287,408 | 1,162,062 | ||||||
Structured Asset Mortgage Investments II Trust |
198,953 | 179,268 | ||||||
Towd Point Mortgage Funding |
10,131,133 | 12,371,316 | ||||||
6.509%, 3M SONIA + 1.350%, 07/20/45 (144A) (GBP) (a) |
7,644,234 | 9,317,776 | ||||||
6.568%, SONIA + 1.350%, 05/20/45 (GBP) (a) |
19,850,160 | 24,195,977 | ||||||
Towd Point Mortgage Trust |
5,854,953 | 5,271,251 | ||||||
UWM Mortgage Trust |
16,170,641 | 12,262,521 | ||||||
2.500%, 12/25/51 (144A) (a) |
11,844,254 | 8,981,735 | ||||||
WaMu Mortgage Pass-Through Certificates Trust |
3,014,645 | 2,574,740 | ||||||
5.934%, 1M TSFR + 0.614%, 02/25/45 (a) |
3,679,468 | 3,408,503 | ||||||
6.026%, 12M MTA + 1.400%, 06/25/42 (a) |
23,175 | 20,986 | ||||||
Wells Fargo Mortgage-Backed Securities Trust |
63,547 | 60,988 | ||||||
|
|
|||||||
306,196,376 | ||||||||
|
|
|||||||
Commercial Mortgage-Backed Securities6.7% | ||||||||
1211 Avenue of the Americas Trust |
12,100,000 | 11,315,596 | ||||||
225 Liberty Street Trust |
11,600,000 | 10,317,340 | ||||||
Arbor Multifamily Mortgage Securities Trust |
7,500,000 | 6,232,981 | ||||||
AREIT LLC |
11,500,000 | 11,480,473 | ||||||
Commercial Mortgage-Backed Securities(Continued) | ||||||||
AREIT Trust |
8,969,497 | 8,771,922 | ||||||
6.563%, SOFR30A + 1.250%, 01/20/37 (144A) (a) |
11,622,972 | 11,363,078 | ||||||
Benchmark Mortgage Trust |
12,646,000 | 10,546,569 | ||||||
3.458%, 03/15/55 |
13,000,000 | 10,960,226 | ||||||
4.016%, 03/15/52 |
13,000,000 | 11,603,294 | ||||||
4.593%, 05/15/55 (a) |
11,000,000 | 9,647,770 | ||||||
Commercial Mortgage Trust |
11,600,000 | 10,531,255 | ||||||
CSAIL Commercial Mortgage Trust |
1,448,266 | 1,390,506 | ||||||
DBGS Mortgage Trust |
12,550,000 | 9,960,914 | ||||||
DC Office Trust |
1,000,000 | 789,429 | ||||||
DOLP Trust |
13,200,000 | 10,041,620 | ||||||
Extended Stay America Trust |
13,306,826 | 13,194,046 | ||||||
GCT Commercial Mortgage Trust |
4,000,000 | 3,140,002 | ||||||
GS Mortgage Securities Corportation Trust |
8,900,000 | 6,096,500 | ||||||
GS Mortgage Securities Trust |
1,487,272 | 1,430,057 | ||||||
3.722%, 10/10/49 (144A) (a) |
13,346,000 | 11,485,242 | ||||||
JPMorgan Chase Commercial Mortgage Securities Trust |
3,951,329 | 3,363,760 | ||||||
7.236%, 10/05/40 (144A) |
5,800,000 | 5,675,406 | ||||||
LoanCore Issuer Ltd. |
1,245,265 | 1,239,169 | ||||||
Manhattan West Mortgage Trust |
12,300,000 | 10,532,153 | ||||||
MF1 Multifamily Housing Mortgage Loan Trust |
4,013,905 | 3,959,802 | ||||||
Morgan Stanley Bank of America Merrill Lynch Trust |
5,662,688 | 5,395,426 | ||||||
Morgan Stanley Capital I Trust |
7,500,000 | 5,430,334 | ||||||
3.127%, 11/15/52 |
800,000 | 674,026 | ||||||
Natixis Commercial Mortgage Securities Trust |
9,866,726 | 9,852,347 | ||||||
NYO Commercial Mortgage Trust |
14,000,000 | 12,460,000 | ||||||
Ready Capital Mortgage Financing LLC |
8,401,067 | 8,287,450 | ||||||
7.694%, 1M TSFR + 2.374%, 10/25/39 (144A) (a) |
1,421,589 | 1,422,853 | ||||||
7.872%, 1M TSFR + 2.552%, 10/25/39 (144A) (a) |
9,286,796 | 9,320,999 | ||||||
Starwood Ltd. |
5,046,879 | 4,945,942 | ||||||
|
|
|||||||
252,858,487 | ||||||||
|
|
|||||||
Total Mortgage-Backed Securities |
559,054,863 | |||||||
|
|
BHFTI-281
Table of Contents
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Foreign Government2.8%
Security Description | Principal Amount* |
Value | ||||||
Sovereign2.8% | ||||||||
Brazil Letras do Tesouro Nacional |
36,000,000 | $ | 6,962,280 | |||||
Chile Government International Bond |
12,500,000 | 10,110,057 | ||||||
Italy Buoni Poliennali Del Tesoro |
25,620,056 | 26,285,037 | ||||||
Ivory Coast Government International Bond |
4,900,000 | 4,272,897 | ||||||
Japan Bank for International Cooperation |
11,200,000 | 10,343,114 | ||||||
Mexico Udibonos |
61,460,627 | 2,973,598 | ||||||
4.000%, 11/30/28 (MXN) (e) |
4,171,981 | 225,623 | ||||||
Peru Government International Bonds |
35,000,000 | 9,240,239 | ||||||
6.950%, 08/12/31 (PEN) |
3,600,000 | 940,244 | ||||||
Qatar Government International Bond |
1,500,000 | 1,357,032 | ||||||
Republic of South Africa Government Bond |
414,600,000 | 22,524,766 | ||||||
Saudi Government International Bonds |
6,000,000 | 5,856,912 | ||||||
5.000%, 01/18/53 (144A) |
6,000,000 | 4,980,000 | ||||||
|
|
|||||||
Total Foreign Government |
106,071,799 | |||||||
|
|
|||||||
Municipals1.0% |
| |||||||
Louisiana Local Government Environmental Facilities & Community Development Authority |
5,900,000 | 5,741,259 | ||||||
New York State Urban Development Corp. |
8,100,000 | 7,362,123 | ||||||
Sales Tax Securitization Corp. |
10,100,000 | 8,211,064 | ||||||
3.057%, 01/01/34 |
2,000,000 | 1,597,997 | ||||||
State of Illinois |
5,280,000 | 5,373,620 | ||||||
Texas Natural Gas Securitization Finance Corp. |
5,900,000 | 5,633,306 | ||||||
Tobacco Settlement Finance Authority |
2,250,000 | 2,040,895 | ||||||
|
|
|||||||
Total Municipals |
35,960,264 | |||||||
|
|
|||||||
Floating Rate Loan (l)0.2% |
| |||||||
Investment Companies0.2% | ||||||||
Castlelake L.P. |
||||||||
First Lien Term Loan, 2.950%, 3M LIBOR + 2.950%, 05/13/31 |
6,959,173 | 6,124,072 | ||||||
Short-Term Investments6.0% |
| |||||||
Security Description | Principal Amount* |
Value | ||||||
Commercial Paper2.5% | ||||||||
Ameren Corp. |
6,350,000 | 6,337,478 | ||||||
American Electric Power Co., Inc. |
8,350,000 | 8,328,384 | ||||||
AT&T, Inc. |
10,000,000 | 9,724,991 | ||||||
Crown Castle, Inc. |
1,436,000 | 1,435,087 | ||||||
6.050%, 10/05/23 (m) |
1,264,000 | 1,262,791 | ||||||
Dominion Energy, Inc. |
7,250,000 | 7,222,380 | ||||||
Energy Transfer LP |
9,700,000 | 9,692,276 | ||||||
Fidelity National Information Services, Inc. |
2,210,000 | 2,204,283 | ||||||
5.550%, 10/19/23 (m) |
2,790,000 | 2,781,487 | ||||||
L3Harris Technologies, Inc. |
8,000,000 | 7,995,177 | ||||||
LSEGA Financing PLC |
4,800,000 | 4,797,066 | ||||||
5.500%, 10/05/23 (m) |
4,700,000 | 4,695,686 | ||||||
Marriott International, Inc. |
550,000 | 548,971 | ||||||
Penske Truck Leasing Co. LP |
7,650,000 | 7,644,149 | ||||||
RTX Corp. |
5,700,000 | 5,695,704 | ||||||
5.490%, 10/02/23 (m) |
3,510,000 | 3,508,413 | ||||||
5.500%, 10/04/23 (m) |
490,000 | 489,631 | ||||||
Sempra |
1,900,000 | 1,894,186 | ||||||
Walgreens Boots Alliance, Inc. |
7,800,000 | 7,796,182 | ||||||
|
|
|||||||
94,054,322 | ||||||||
|
|
|||||||
Repurchase Agreements3.0% | ||||||||
Barclays Capital, Inc. |
22,600,000 | 22,600,000 | ||||||
Deutsche Bank Securities, Inc. |
48,800,000 | 48,800,000 | ||||||
Fixed Income Clearing Corp. |
6,604,235 | 6,604,235 |
BHFTI-282
Table of Contents
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Short-Term Investments(Continued)
Security Description | Principal Amount* |
Value | ||||||
Repurchase Agreements(Continued) | ||||||||
JPMorgan Securities LLC |
36,200,000 | $ | 36,200,000 | |||||
|
|
|||||||
114,204,235 | ||||||||
|
|
|||||||
Foreign Government0.5% | ||||||||
Japan Treasury Bill | ||||||||
Zero Coupon, 10/30/23 (JPY) (m) |
2,770,000,000 | 18,538,847 | ||||||
|
|
|||||||
Total Short-Term Investments |
226,797,404 | |||||||
|
|
|||||||
Total Purchased Options0.0% (n) |
312,006 | |||||||
|
|
|||||||
Total Investments145.4% |
5,499,986,387 | |||||||
Other assets and liabilities (net)(45.4)% |
(1,716,102,509 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 3,783,883,878 | ||||||
|
|
* | Principal and notional amounts stated in U.S. dollars unless otherwise noted. | |||
| Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2023, the market value of restricted securities was $1,117,143, which is less than 0.05% of net assets. See details shown in the Restricted Securities table that follows. | |||
(a) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon | |||
rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | ||||
(b) | Interest only security. | |||
(c) | TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date. | |||
(d) | All or a portion of this security has been transferred in a secured-borrowing transaction. | |||
(e) | Principal amount of security is adjusted for inflation. | |||
(f) | All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2023, the market value of securities pledged was $6,706,326. | |||
(g) | All or a portion of the security was pledged as collateral against TBA securities. As of September 30, 2023, the value of securities pledged amounted to $42,316,116. | |||
(h) | All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of September 30, 2023, the market value of securities pledged was $29,558,879. | |||
(i) | All or a portion of the security was pledged as collateral against open OTC option contracts, OTC swap contracts and forward foreign currency exchange contracts. As of September 30, 2023, the market value of securities pledged was $2,717,215. | |||
(j) | Non-income producing; security is in default and/or issuer is in bankruptcy. | |||
(k) | Security is a step-up bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate. | |||
(l) | Floating rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will generally have an expected average life of approximately two to four years. Senior Loans typically have rates of interest which are determined periodically by reference to a base lending rate, plus a spread. These base rates are primarily the London Interbank Offered Rate and secondarily, the prime rate offered by one or more major United States banks. Base lending rates may be subject to a floor, or a minimum rate. | |||
(m) | The rate shown represents current yield to maturity. | |||
(n) | For a breakout of open positions, see details shown in the Purchased Options table that follows. | |||
(144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $1,262,926,920, which is 33.4% of net assets. |
Restricted Securities |
Acquisition Date |
Principal Amount |
Cost | Value | ||||||||||||
British Airways Pass-Through Trust, 4.125%, 09/20/31 |
10/01/19 | $ | 1,263,873 | $ | 1,339,705 | $ | 1,117,143 | |||||||||
|
|
TBA Forward Sale Commitments
Security Description |
Interest Rate |
Maturity | Face Amount |
Cost | Value | |||||||||||||||
Uniform Mortgage-Backed Security, TBA |
2.000 | % | TBA | $ | (10,700,000 | ) | $ | (8,363,150 | ) | $ | (8,137,852 | ) | ||||||||
|
|
|
|
Forward Foreign Currency Exchange Contracts
Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
AUD | 69,109 | BNP |
10/03/23 | USD | 44,795 | $ | (361 | ) | ||||||||||||||
AUD | 92,256 | DBAG |
10/03/23 | USD | 59,969 | (653 | ) | |||||||||||||||
AUD | 28,829,514 | UBSA |
10/03/23 | USD | 18,642,000 | (106,065 | ) | |||||||||||||||
AUD | 55,306,759 | UBSA |
10/03/23 | USD | 35,478,290 | 81,188 | ||||||||||||||||
AUD | 84,297,638 | UBSA |
11/02/23 | USD | 54,158,872 | 94,035 |
BHFTI-283
Table of Contents
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Forward Foreign Currency Exchange Contracts(Continued)
Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
CAD | 1,369,000 | CBNA |
10/03/23 | USD | 1,010,909 | $ | (2,994 | ) | ||||||||||||||
CLP | 13,413,349,262 | CBNA |
11/06/23 | USD | 16,486,417 | (1,429,499 | ) | |||||||||||||||
CNY | 533,092 | BNP |
02/16/24 | USD | 75,094 | (1,182 | ) | |||||||||||||||
CNY | 568,893 | BNP |
02/16/24 | USD | 80,156 | (1,281 | ) | |||||||||||||||
DKK | 8,246,122 | JPMC |
10/03/23 | USD | 1,165,878 | 3,047 | ||||||||||||||||
EUR | 1,046,000 | BBP |
11/15/23 | USD | 1,125,121 | (17,251 | ) | |||||||||||||||
GBP | 1,235,000 | DBAG |
11/15/23 | USD | 1,578,304 | (71,106 | ) | |||||||||||||||
GBP | 1,280,000 | JPMC |
11/15/23 | USD | 1,620,236 | (58,120 | ) | |||||||||||||||
IDR | 42,333,809,109 | BNP |
03/20/24 | USD | 2,746,577 | (8,818 | ) | |||||||||||||||
IDR | 17,485,626,528 | GSBU |
03/20/24 | USD | 1,138,832 | (8,023 | ) | |||||||||||||||
IDR | 41,022,271,252 | GSBU |
03/20/24 | USD | 2,662,228 | (9,287 | ) | |||||||||||||||
INR | 93,995,533 | JPMC |
12/20/23 | USD | 1,127,890 | 58 | ||||||||||||||||
INR | 94,851,870 | JPMC |
12/20/23 | USD | 1,135,033 | 3,191 | ||||||||||||||||
INR | 105,733,157 | JPMC |
12/20/23 | USD | 1,281,284 | (12,484 | ) | |||||||||||||||
INR | 230,218,037 | JPMC |
12/20/23 | USD | 2,764,386 | (1,764 | ) | |||||||||||||||
INR | 702,952,977 | JPMC |
12/20/23 | USD | 8,518,448 | (82,997 | ) | |||||||||||||||
JPY | 254,100,000 | JPMC |
11/15/23 | USD | 1,747,938 | (35,879 | ) | |||||||||||||||
JPY | 2,934,034,973 | UBSA |
11/15/23 | USD | 20,701,507 | (932,758 | ) | |||||||||||||||
MYR | 1,437,265 | GSBU |
10/18/23 | USD | 307,996 | (1,575 | ) | |||||||||||||||
NZD | 3,663,000 | UBSA |
10/03/23 | USD | 2,176,683 | 18,736 | ||||||||||||||||
THB | 418,274,890 | BNP |
10/20/23 | USD | 11,737,096 | (233,597 | ) | |||||||||||||||
THB | 236,813,328 | DBAG |
10/20/23 | USD | 6,660,123 | (147,225 | ) | |||||||||||||||
TWD | 158,462,902 | BNP |
03/20/24 | USD | 5,036,004 | (21,081 | ) | |||||||||||||||
TWD | 184,749,219 | BNP |
03/20/24 | USD | 5,845,939 | 875 | ||||||||||||||||
Contracts to Deliver |
||||||||||||||||||||||
AUD | 223,000 | BNP |
10/03/23 | USD | 142,231 | (1,147 | ) | |||||||||||||||
AUD | 84,297,638 | UBSA |
10/03/23 | USD | 54,102,224 | (96,939 | ) | |||||||||||||||
AUD | 221,741 | BNP |
11/02/23 | USD | 143,849 | 1,139 | ||||||||||||||||
BRL | 36,000,000 | GSBU |
01/03/24 | USD | 7,105,679 | 23,038 | ||||||||||||||||
CAD | 6,543,000 | GSBU |
10/03/23 | USD | 4,873,063 | 55,835 | ||||||||||||||||
CAD | 1,713,000 | JPMC |
10/03/23 | USD | 1,275,706 | 14,525 | ||||||||||||||||
CAD | 4,479,587 | UBSA |
10/03/23 | USD | 3,303,896 | 5,838 | ||||||||||||||||
CAD | 11,351,285 | BBP |
11/02/23 | USD | 8,454,137 | 93,376 | ||||||||||||||||
CLP | 13,412,795,334 | DBAG |
12/20/23 | USD | 14,986,364 | (17,602 | ) | |||||||||||||||
DKK | 8,248,589 | BNP |
10/03/23 | USD | 1,205,696 | 36,421 | ||||||||||||||||
DKK | 8,233,312 | JPMC |
11/02/23 | USD | 1,165,878 | (3,043 | ) | |||||||||||||||
EUR | 984,000 | BBP |
11/15/23 | USD | 1,082,290 | 40,088 | ||||||||||||||||
EUR | 65,120,720 | DBAG |
11/15/23 | USD | 71,831,807 | 2,859,296 | ||||||||||||||||
EUR | 2,151,000 | JPMC |
11/15/23 | USD | 2,307,156 | 28,927 | ||||||||||||||||
EUR | 642,000 | JPMC |
11/15/23 | USD | 686,395 | 6,422 | ||||||||||||||||
EUR | 45,979,004 | UBSA |
11/15/23 | USD | 50,713,784 | 2,015,192 | ||||||||||||||||
GBP | 13,790,920 | CBNA |
11/15/23 | USD | 17,569,878 | 739,398 | ||||||||||||||||
GBP | 49,589,166 | JPMC |
11/15/23 | USD | 63,157,297 | 2,638,531 | ||||||||||||||||
GBP | 43,183,914 | JPMC |
11/15/23 | USD | 55,151,295 | 2,449,517 | ||||||||||||||||
IDR | 48,632,766,038 | CBNA |
03/20/24 | USD | 3,154,367 | 9,250 | ||||||||||||||||
IDR | 39,916,901,501 | JPMC |
03/20/24 | USD | 2,585,459 | 4,003 | ||||||||||||||||
JPY | 2,770,000,000 | BNP |
10/30/23 | USD | 20,100,430 | 1,484,569 | ||||||||||||||||
KRW | 164,109,082 | CBNA |
12/20/23 | USD | 124,367 | 2,201 | ||||||||||||||||
MXN | 3,326,000 | BNP |
10/16/23 | USD | 190,820 | 384 | ||||||||||||||||
MXN | 19,662,000 | BBP |
10/16/23 | USD | 1,109,904 | (15,876 | ) | |||||||||||||||
MXN | 3,322,000 | GSBU |
10/16/23 | USD | 190,893 | 687 | ||||||||||||||||
MXN | 2,111,313 | GSBU |
10/16/23 | USD | 120,654 | (233 | ) | |||||||||||||||
MXN | 39,446 | CBNA |
12/14/23 | USD | 2,278 | 42 | ||||||||||||||||
MXN | 30,456,063 | GSBU |
12/14/23 | USD | 1,755,586 | 28,983 | ||||||||||||||||
NZD | 3,160,000 | BNP |
10/03/23 | USD | 1,882,014 | (11,932 | ) | |||||||||||||||
NZD | 503,000 | BBP |
10/03/23 | USD | 300,165 | (1,308 | ) | |||||||||||||||
NZD | 3,663,000 | UBSA |
11/02/23 | USD | 2,176,643 | (18,791 | ) | |||||||||||||||
PEN | 43,654,050 | CBNA |
11/07/23 | USD | 11,742,535 | 240,098 | ||||||||||||||||
SGD | 20,087,943 | JPMC |
12/20/23 | USD | 14,805,819 | 58,803 |
BHFTI-284
Table of Contents
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Forward Foreign Currency Exchange Contracts(Continued)
Contracts to Deliver |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
TWD | 342,927 | CBNA |
12/20/23 | USD | 10,809 | $ | 82 | |||||||||||||||
TWD | 187,444,911 | JPMC |
12/20/23 | USD | 5,927,674 | 64,310 | ||||||||||||||||
TWD | 159,666,193 | JPMC |
12/20/23 | USD | 5,047,297 | 52,864 | ||||||||||||||||
ZAR | 104,453,297 | BNP |
10/20/23 | USD | 5,410,462 | (98,251 | ) | |||||||||||||||
ZAR | 49,823,549 | BNP |
10/20/23 | USD | 2,584,222 | (43,398 | ) | |||||||||||||||
ZAR | 93,777,000 | DBAG |
11/20/23 | USD | 4,932,416 | 287 | ||||||||||||||||
ZAR | 150,773,463 | JPMC |
11/22/23 | USD | 7,876,240 | (52,173 | ) | |||||||||||||||
|
|
|||||||||||||||||||||
Net Unrealized Appreciation |
|
$ | 9,610,543 | |||||||||||||||||||
|
|
Futures Contracts
Futures ContractsLong |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
3 Month SOFR Futures |
03/19/24 | 1,222 | USD | 288,850,250 | $ | (6,400,134 | ) | |||||||||||||
3 Month SOFR Futures |
09/17/24 | 1,667 | USD | 395,141,513 | (106,488 | ) | ||||||||||||||
Euro-Bobl Futures |
12/07/23 | 156 | EUR | 18,057,000 | (278,057 | ) | ||||||||||||||
U.S. Treasury Note 2 Year Futures |
12/29/23 | 158 | USD | 32,028,328 | (88,130 | ) | ||||||||||||||
U.S. Treasury Ultra Long Bond Futures |
12/19/23 | 109 | USD | 12,936,938 | (957,327 | ) | ||||||||||||||
Futures ContractsShort |
||||||||||||||||||||
3 Month SOFR Futures |
12/17/24 | (1,667 | ) | USD | (396,287,575 | ) | 203,099 | |||||||||||||
30 Day Federal Funds Futures |
10/31/23 | (290 | ) | USD | (114,405,089 | ) | (33,658 | ) | ||||||||||||
Euro-Bund Futures |
12/07/23 | (834 | ) | EUR | (107,285,760 | ) | 2,978,262 | |||||||||||||
Japanese Government 10 Year Bond Futures |
12/13/23 | (85 | ) | JPY | (12,321,600,000 | ) | 640,648 | |||||||||||||
U.S. Treasury Note 10 Year Futures |
12/19/23 | (443 | ) | USD | (47,871,688 | ) | 928,074 | |||||||||||||
U.S. Treasury Note 5 Year Futures |
12/29/23 | (1,144 | ) | USD | (120,531,125 | ) | 920,708 | |||||||||||||
U.S. Treasury Note Ultra 10 Year Futures |
12/19/23 | (1,237 | ) | USD | (138,002,813 | ) | 3,529,962 | |||||||||||||
|
|
|||||||||||||||||||
Net Unrealized Appreciation |
|
$ | 1,336,959 | |||||||||||||||||
|
|
Purchased Options
Foreign Currency Options |
Strike Price |
Counterparty | Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Paid |
Market Value |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||
USD Call/GBP Put |
USD | 1.200 | GSBU | 09/26/24 | 10,100,000 | GBP | 10,100,000 | $ | 333,204 | $ | 312,006 | $ | (21,198 | ) | ||||||||||||||||||||
|
|
|
|
|
|
Written Options
Foreign Currency Options |
Strike Price |
Counterparty | Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Received |
Market Value |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||
USD Call/GBP Put |
USD | 1.100 | GSBU | 09/26/24 | (20,200,000 | ) | GBP | (20,200,000 | ) | $ | (207,041 | ) | $ | (187,063 | ) | $ | 19,978 | |||||||||||||||||
|
|
|
|
|
|
Interest Rate Swaptions |
Strike Rate |
Counterparty | Floating Rate Index |
Pay/Receive Floating Rate |
Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Received |
Market Value |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||||
Call - OTC - 1 Yr. IRS |
3.140 | % | GSBU | 12M SOFR | Receive | 10/23/23 | (6,400,000 | ) | USD | (6,400,000 | ) | $ | (44,960 | ) | $ | | $ | 44,960 | ||||||||||||||||||||
Call - OTC - 1 Yr. IRS |
3.225 | % | GSBU | 12M SOFR | Receive | 10/23/23 | (1,500,000 | ) | USD | (1,500,000 | ) | (10,406 | ) | | 10,406 | |||||||||||||||||||||||
Call - OTC - 1 Yr. IRS |
3.190 | % | GSBU | 12M SOFR | Receive | 10/23/23 | (14,100,000 | ) | USD | (14,100,000 | ) | (97,995 | ) | | 97,995 | |||||||||||||||||||||||
Call - OTC - 1 Yr. IRS |
2.150 | % | GSBU | 12M SOFR | Receive | 11/20/23 | (15,600,000 | ) | USD | (15,600,000 | ) | (54,405 | ) | (1 | ) | 54,404 | ||||||||||||||||||||||
Call - OTC - 1 Yr. IRS |
2.697 | % | GSBU | 12M SOFR | Receive | 04/02/24 | (34,500,000 | ) | USD | (34,500,000 | ) | (270,610 | ) | (14,290 | ) | 256,320 | ||||||||||||||||||||||
Put - OTC - 1 Yr. IRS |
3.225 | % | GSBU | 12M SOFR | Pay | 10/23/23 | (1,500,000 | ) | USD | (1,500,000 | ) | (10,406 | ) | (31,522 | ) | (21,116 | ) | |||||||||||||||||||||
Put - OTC - 1 Yr. IRS |
3.140 | % | GSBU | 12M SOFR | Pay | 10/23/23 | (6,400,000 | ) | USD | (6,400,000 | ) | (44,960 | ) | (139,715 | ) | (94,755 | ) |
BHFTI-285
Table of Contents
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Written Options(Continued)
Interest Rate Swaptions |
Strike Rate |
Counterparty | Floating Rate Index |
Pay/Receive Floating Rate |
Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Received |
Market Value |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||||
Put - OTC - 1 Yr. IRS |
3.650 | % | GSBU | 12M SOFR | Pay | 11/20/23 | (15,600,000 | ) | USD | (15,600,000 | ) | $ | (54,405 | ) | $ | (257,358 | ) | $ | (202,953 | ) | ||||||||||||||||||
Put - OTC - 1 Yr. IRS |
3.190 | % | GSBU | 12M SOFR | Pay | 10/23/23 | (14,100,000 | ) | USD | (14,100,000 | ) | (97,995 | ) | (301,043 | ) | (203,048 | ) | |||||||||||||||||||||
Put - OTC - 1 Yr. IRS |
2.697 | % | GSBU | 12M SOFR | Pay | 04/02/24 | (34,500,000 | ) | USD | (34,500,000 | ) | (270,610 | ) | (776,041 | ) | (505,431 | ) | |||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||
Totals |
|
$ | (956,752 | ) | $ | (1,519,970 | ) | $ | (563,218 | ) | ||||||||||||||||||||||||||||
|
|
|
|
|
|
Options on Exchange-Traded Futures Contracts |
Strike Price |
Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Received |
Market Value |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||||||
Call - SOFR 3 Month Interest Rate Futures |
USD | 98.000 | 12/15/23 | (76 | ) | USD | (190,000 | ) | $ | (61,687 | ) | $ | (475 | ) | $ | 61,212 | ||||||||||||||||||||
Put - SOFR 3 Month Interest Rate Futures |
USD | 96.500 | 12/15/23 | (24 | ) | USD | (60,000 | ) | (23,961 | ) | (117,000 | ) | (93,039 | ) | ||||||||||||||||||||||
Put - SOFR 3 Month Interest Rate Futures |
USD | 96.750 | 12/15/23 | (22 | ) | USD | (55,000 | ) | (42,900 | ) | (121,000 | ) | (78,100 | ) | ||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
Totals |
|
$ | (128,548 | ) | $ | (238,475 | ) | $ | (109,927 | ) | ||||||||||||||||||||||||||
|
|
|
|
|
|
Swap Agreements
Centrally Cleared Interest Rate Swaps
Pay/Receive |
Floating Rate Index |
Payment Frequency |
Fixed Rate |
Payment |
Maturity Date |
Notional Amount |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||
Pay |
12M SOFR | Annually | 1.573% | Annually | 02/28/27 | USD | 6,100,000 | $ | (568,818 | ) | $ | | $ | (568,818 | ) | |||||||||||||||||
Pay |
12M SOFR | Annually | 1.635% | Annually | 04/18/27 | USD | 30,000,000 | (2,821,611 | ) | | (2,821,611 | ) | ||||||||||||||||||||
Pay |
12M SOFR | Annually | 1.690% | Annually | 04/19/27 | USD | 30,000,000 | (2,768,487 | ) | | (2,768,487 | ) | ||||||||||||||||||||
Pay |
12M SOFR | Annually | 1.783% | Annually | 04/22/27 | USD | 22,900,000 | (2,048,242 | ) | | (2,048,242 | ) | ||||||||||||||||||||
Pay |
12M SOFR | Annually | 2.150% | Annually | 06/15/27 | USD | 86,400,000 | (6,871,770 | ) | | (6,871,770 | ) | ||||||||||||||||||||
Pay |
12M SOFR | Annually | 2.850% | Annually | 08/29/27 | USD | 16,900,000 | (975,555 | ) | | (975,555 | ) | ||||||||||||||||||||
Pay |
12M SOFR | Annually | 3.050% | Annually | 09/08/29 | USD | 7,300,000 | (485,819 | ) | | (485,819 | ) | ||||||||||||||||||||
Pay |
12M SOFR | Annually | 3.650% | Annually | 07/10/33 | USD | 4,000,000 | (197,888 | ) | | (197,888 | ) | ||||||||||||||||||||
Pay |
12M SOFR | Annually | 3.760% | Annually | 08/23/33 | USD | 7,000,000 | (287,460 | ) | | (287,460 | ) | ||||||||||||||||||||
Pay |
3M NZDBB | Quarterly | 3.750% | Semi-Annually | 06/15/27 | NZD | 41,800,000 | (1,336,816 | ) | (440,917 | ) | (895,899 | ) | |||||||||||||||||||
Pay |
3M NZDBB | Quarterly | 4.000% | Semi-Annually | 06/14/24 | NZD | 112,100,000 | (862,897 | ) | (148,083 | ) | (714,814 | ) | |||||||||||||||||||
Pay |
3M NZDBB | Quarterly | 4.250% | Semi-Annually | 12/21/27 | NZD | 2,900,000 | (67,787 | ) | 1,654 | (69,441 | ) | ||||||||||||||||||||
Pay |
6M BBSW | Semi-Annually | 4.500% | Semi-Annually | 09/20/33 | AUD | 16,800,000 | (193,768 | ) | (176,878 | ) | (16,890 | ) | |||||||||||||||||||
Pay |
6M CDOR | Semi-Annually | 3.750% | Semi-Annually | 09/20/25 | CAD | 175,000,000 | (2,987,121 | ) | (2,574,373 | ) | (412,748 | ) | |||||||||||||||||||
Pay |
6M CDOR | Semi-Annually | 4.000% | Semi-Annually | 06/21/25 | CAD | 270,000,000 | (3,468,714 | ) | (2,674,101 | ) | (794,613 | ) | |||||||||||||||||||
Pay |
6M CDOR | Semi-Annually | 4.750% | Semi-Annually | 07/14/25 | CAD | 58,100,000 | (217,725 | ) | | (217,725 | ) | ||||||||||||||||||||
Pay |
6M CDOR | Semi-Annually | 4.820% | Semi-Annually | 07/13/25 | CAD | 23,300,000 | (67,090 | ) | | (67,090 | ) | ||||||||||||||||||||
Pay |
6M EURIBOR | Annually | 0.550% | Annually | 08/10/24 | EUR | 5,000,000 | (155,979 | ) | | (155,979 | ) | ||||||||||||||||||||
Pay |
6M EURIBOR | Annually | 0.650% | Annually | 04/12/27 | EUR | 27,000,000 | (2,665,100 | ) | | (2,665,100 | ) | ||||||||||||||||||||
Pay |
6M EURIBOR | Annually | 1.000% | Annually | 05/13/27 | EUR | 23,700,000 | (2,082,398 | ) | | (2,082,398 | ) | ||||||||||||||||||||
Pay |
6M EURIBOR | Annually | 1.000% | Annually | 05/18/27 | EUR | 9,200,000 | (810,085 | ) | (319,423 | ) | (490,662 | ) | |||||||||||||||||||
Pay |
6M EURIBOR | Annually | 1.580% | Annually | 05/24/24 | EUR | 265,900,000 | (4,477,780 | ) | (162,654 | ) | (4,315,126 | ) | |||||||||||||||||||
Pay |
6M EURIBOR | Annually | 2.547% | Annually | 03/09/33 | EUR | 7,100,000 | (494,346 | ) | | (494,346 | ) | ||||||||||||||||||||
Pay |
6M EURIBOR | Annually | 3.000% | Annually | 03/20/34 | EUR | 92,500,000 | (2,805,318 | ) | (1,860,786 | ) | (944,532 | ) | |||||||||||||||||||
Pay |
6M TONA | Semi-Annually | 0.380% | Semi-Annually | 06/18/28 | JPY | 8,640,000,000 | (599,708 | ) | 1,619,420 | (2,219,128 | ) | ||||||||||||||||||||
Pay |
12M TONA | Annually | 0.000% | Annually | 03/17/24 | JPY | 10,670,000,000 | 6,256 | 44,589 | (38,333 | ) | |||||||||||||||||||||
Receive |
12M SOFR | Annually | 1.750% | Annually | 06/15/32 | USD | 57,000,000 | 10,350,907 | 7,656,252 | 2,694,655 | ||||||||||||||||||||||
Receive |
12M SOFR | Annually | 1.750% | Annually | 12/21/52 | USD | 62,900,000 | 24,080,552 | 11,440,800 | 12,639,752 | ||||||||||||||||||||||
Receive |
12M SOFR | Annually | 3.500% | Annually | 09/20/25 | USD | 111,800,000 | 3,100,236 | 2,282,470 | 817,766 | ||||||||||||||||||||||
Receive |
12M SOFR | Annually | 3.750% | Annually | 06/21/25 | USD | 177,900,000 | 3,981,994 | 2,734,989 | 1,247,005 | ||||||||||||||||||||||
Receive |
12M SOFR | Annually | 4.600% | Annually | 07/17/25 | USD | 25,500,000 | 209,653 | (3,010 | ) | 212,663 | |||||||||||||||||||||
Receive |
12M SOFR | Annually | 5.150% | Annually | 09/13/24 | USD | 1,000,000 | 2,857 | 1,237 | 1,620 | ||||||||||||||||||||||
Receive |
12M SOFR | Annually | 5.388% | Annually | 10/18/24 | USD | 69,500,000 | 19,870 | | 19,870 | ||||||||||||||||||||||
Receive |
12M TONA | Annually | 0.500% | Annually | 03/15/42 | JPY | 3,296,900,000 | 3,270,693 | 839,194 | 2,431,499 | ||||||||||||||||||||||
Receive |
12M TONA | Annually | 0.662% | Annually | 04/19/42 | JPY | 285,000,000 | 233,338 | | 233,338 |
BHFTI-286
Table of Contents
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Centrally Cleared Interest Rate Swaps(Continued)
Pay/Receive |
Floating Rate Index |
Payment Frequency |
Fixed Rate |
Payment |
Maturity Date |
Notional Amount |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||
Receive |
12M TONA | Annually | 0.800% | Annually | 06/15/52 | JPY | 5,040,000,000 | $ | 5,819,883 | $ | 34,782 | $ | 5,785,101 | |||||||||||||||||||
Receive |
6M TONA | Semi-Annually | 0.785% | Semi-Annually | 11/12/38 | JPY | 870,000,000 | 428,746 | (595,915 | ) | 1,024,661 | |||||||||||||||||||||
Receive |
6M TONA | Semi-Annually | 0.800% | Semi-Annually | 10/22/38 | JPY | 570,000,000 | 270,496 | (398,085 | ) | 668,581 | |||||||||||||||||||||
Receive |
6M EURIBOR | Annually | 2.750% | Annually | 03/20/54 | EUR | 24,100,000 | 1,418,717 | 1,200,523 | 218,194 | ||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||
Totals |
|
$ | 12,875,916 | $ | 18,501,685 | $ | (5,625,769 | ) | ||||||||||||||||||||||||
|
|
|
|
|
|
Centrally Cleared Credit Default Swaps on Credit IndicesBuy Protection (a)
Reference Obligation |
Fixed Deal (Pay) Rate |
Payment Frequency |
Maturity Date |
Implied Credit Spread at September 30, 2023(b) |
Notional Amount(c) |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||||
CDX.NA.HY.35.V1 |
(5.000 | %) | Quarterly | 12/20/25 | 2.966 | % | USD | 4,018,000 | $ | (130,474 | ) | $ | (160,330 | ) | $ | 29,856 | ||||||||||||||||||||
CDX.NA.HY.36 V1 |
(5.000 | %) | Quarterly | 06/20/26 | 3.319 | % | USD | 7,644,000 | (260,943 | ) | (383,884 | ) | 122,941 | |||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
Totals |
|
$ | (391,417 | ) | $ | (544,214 | ) | $ | 152,797 | |||||||||||||||||||||||||||
|
|
|
|
|
|
Centrally Cleared Credit Default Swaps on Corporate IssuesSell Protection (d)
Reference Obligation |
Fixed Deal Receive Rate |
Payment Frequency |
Maturity Date |
Implied Credit Spread at September 30, 2023(b) |
Notional Amount(c) |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||||
AT&T, Inc. 3.800%, due 02/15/27 |
1.000 | % | Quarterly | 06/20/28 | 1.036 | % | USD | 21,100,000 | $ | (28,189 | ) | $ | (116,601 | ) | $ | 88,412 | ||||||||||||||||||||
Barclays Bank PLC 1.500%, due 04/04/17 |
1.000 | % | Quarterly | 12/20/23 | 0.536 | % | EUR | 3,800,000 | 4,186 | 868 | 3,318 | |||||||||||||||||||||||||
Boeing Co. 2.600%, due 10/30/25 |
1.000 | % | Quarterly | 12/20/27 | 0.679 | % | USD | 3,400,000 | 35,010 | (121,906 | ) | 156,916 | ||||||||||||||||||||||||
General Electric Co. 2.700%, due 10/09/22 |
1.000 | % | Quarterly | 12/20/23 | 0.198 | % | USD | 4,800,000 | 8,702 | 5,163 | 3,539 | |||||||||||||||||||||||||
General Electric Co. 2.700%, due 10/09/22 |
1.000 | % | Quarterly | 06/20/24 | 0.213 | % | USD | 2,900,000 | 16,397 | 8,361 | 8,036 | |||||||||||||||||||||||||
General Electric Co. 2.700%, due 10/09/22 |
1.000 | % | Quarterly | 06/20/26 | 0.408 | % | USD | 4,700,000 | 71,675 | 26,814 | 44,861 | |||||||||||||||||||||||||
General Electric Co. 2.700%, due 10/09/22 |
1.000 | % | Quarterly | 12/20/26 | 0.449 | % | USD | 500,000 | 8,133 | 3,567 | 4,566 | |||||||||||||||||||||||||
Rolls Royce PLC 2.125%, due 06/18/21 |
1.000 | % | Quarterly | 06/20/24 | 0.513 | % | EUR | 6,200,000 | 19,304 | (112,119 | ) | 131,423 | ||||||||||||||||||||||||
Rolls Royce PLC 2.125%, due 06/18/21 |
1.000 | % | Quarterly | 12/20/24 | 0.638 | % | EUR | 5,000,000 | 18,158 | (150,076 | ) | 168,234 | ||||||||||||||||||||||||
T-Mobile USA, Inc. 4.750%, due 02/01/28 |
5.000 | % | Quarterly | 06/20/28 | 0.895 | % | USD | 7,000,000 | 1,197,161 | 1,139,634 | 57,527 | |||||||||||||||||||||||||
Verizon Communications, Inc. 4.125%, due 03/16/27 |
1.000 | % | Quarterly | 12/20/27 | 0.932 | % | USD | 500,000 | 939 | (7,278 | ) | 8,217 | ||||||||||||||||||||||||
Verizon Communications, Inc. 4.125%, due 03/16/27 |
1.000 | % | Quarterly | 06/20/28 | 1.000 | % | USD | 4,900,000 | (1,867 | ) | 3,563 | (5,430 | ) | |||||||||||||||||||||||
Verizon Communications, Inc. 4.125%, due 03/16/27 |
1.000 | % | Quarterly | 12/20/28 | 1.055 | % | USD | 1,200,000 | (3,894 | ) | (2,965 | ) | (929 | ) | ||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
Totals |
|
$ | 1,345,715 | $ | 677,025 | $ | 668,690 | |||||||||||||||||||||||||||||
|
|
|
|
|
|
OTC Credit Default Swaps on Corporate and Sovereign IssuesSell Protection (d)
Reference Obligation |
Fixed Deal Receive Rate |
Payment Frequency |
Maturity Date |
Counterparty | Implied Credit Spread at September 30, 2023(b) |
Notional Amount(c) |
Market Value |
Upfront Premium Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||||||||
Banco do Brasil S.A. |
1.000 | % | Quarterly | 12/20/24 | JPMC | 1.657 | % | USD | 4,000,000 | $ | (36,473 | ) | $ | (60,113 | ) | $ | 23,640 | |||||||||||||||||||||||
Colombia Government International Bond |
1.000 | % | Quarterly | 12/20/26 | BBP | 1.353 | % | USD | 2,400,000 | (31,830 | ) | (73,038 | ) | 41,208 | ||||||||||||||||||||||||||
Colombia Government International Bond |
1.000 | % | Quarterly | 12/20/26 | CBNA | 1.353 | % | USD | 1,700,000 | (22,546 | ) | (55,083 | ) | 32,537 | ||||||||||||||||||||||||||
Colombia Government International Bond |
1.000 | % | Quarterly | 12/20/26 | JPMC | 1.353 | % | USD | 3,200,000 | (42,440 | ) | (53,504 | ) | 11,064 | ||||||||||||||||||||||||||
Colombia Government International Bond |
1.000 | % | Quarterly | 06/20/27 | BNP | 1.551 | % | USD | 2,400,000 | (55,858 | ) | (81,691 | ) | 25,833 |
BHFTI-287
Table of Contents
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
OTC Credit Default Swaps on Corporate and Sovereign IssuesSell Protection (d) (Continued)
Reference Obligation |
Fixed Deal Receive Rate |
Payment Frequency |
Maturity Date |
Counterparty | Implied Credit Spread at September 30, 2023 (b) |
Notional Amount(c) |
Market Value |
Upfront Premium Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||||||||
Colombia Government International Bond |
1.000 | % | Quarterly | 06/20/27 | CBNA | 1.551 | % | USD | 400,000 | $ | (9,310 | ) | $ | (10,291 | ) | $ | 981 | |||||||||||||||||||||||
Colombia Government International Bond |
1.000 | % | Quarterly | 06/20/27 | GSI | 1.551 | % | USD | 3,200,000 | (74,477 | ) | (84,064 | ) | 9,587 | ||||||||||||||||||||||||||
Colombia Government International Bond |
1.000 | % | Quarterly | 06/20/27 | JPMC | 1.551 | % | USD | 1,300,000 | (30,256 | ) | (35,708 | ) | 5,452 | ||||||||||||||||||||||||||
Colombia Government International Bond |
1.000 | % | Quarterly | 12/20/27 | BNP | 1.702 | % | USD | 500,000 | (16,459 | ) | (36,161 | ) | 19,702 | ||||||||||||||||||||||||||
Colombia Government International Bond |
1.000 | % | Quarterly | 12/20/27 | GSI | 1.702 | % | USD | 1,400,000 | (46,084 | ) | (101,228 | ) | 55,144 | ||||||||||||||||||||||||||
Republic of South Africa |
1.000 | % | Quarterly | 06/20/24 | GSI | 0.690 | % | USD | 14,280,000 | 13,952 | (81,932 | ) | 95,884 | |||||||||||||||||||||||||||
Republic of South Africa |
1.000 | % | Quarterly | 12/20/26 | CBNA | 1.860 | % | USD | 3,100,000 | (90,669 | ) | (98,236 | ) | 7,567 | ||||||||||||||||||||||||||
Republic of South Africa |
1.000 | % | Quarterly | 12/20/26 | MSCS | 1.860 | % | USD | 36,100,000 | (1,055,851 | ) | (1,128,306 | ) | 72,455 | ||||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||
Totals |
|
$ | (1,498,301 | ) | $ | (1,899,355 | ) | $ | 401,054 | |||||||||||||||||||||||||||||||
|
|
|
|
|
|
OTC Total Return Swaps
Pay/Receive |
Floating Rate Index |
Payment Frequency |
Maturity Date |
Counterparty |
Underlying Reference |
Notional Amount |
Market Value |
Upfront Premium Paid |
Unrealized Appreciation/ (Depreciation)(1) |
|||||||||||||||||||
Receive |
12M FEDL | Monthly | 12/13/23 | JPMC | iShares iBoxx $ Investment Grade Corporate Bond ETF | USD 122,424,000 | $ | | $ | | $ | | ||||||||||||||||
|
|
|
|
|
|
(a) | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | |||
(b) | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or indices as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entitys credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as Defaulted indicates a credit event has occurred for the referenced entity or obligation. | |||
(c) | The maximum potential amount of future undiscounted payments that the Portfolio could be required to make under a credit default swap contract would be the notional amount of the contract. These potential amounts would be partially offset by any recovery values of the referenced debt obligation or net amounts received from the settlement of purchased protection credit default swap contracts entered into by the Portfolio for the same referenced debt obligation. | |||
(d) | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | |||
(1) | There is no upfront payment premium paid or (received) therefore Market Value equals Unrealized Appreciation/(Depreciation). |
BHFTI-288
Table of Contents
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Glossary of Abbreviations
Counterparties
(BBP) | Barclays Bank PLC | |||
(BNP) | BNP Paribas S.A. | |||
(CBNA) | Citibank N.A. | |||
(DBAG) | Deutsche Bank AG | |||
(GSBU) | Goldman Sachs Bank USA | |||
(GSI) | Goldman Sachs International | |||
(JPMC) | JPMorgan Chase Bank N.A. | |||
(MSCS) | Morgan Stanley Capital Services LLC | |||
(UBSA) | UBS AG |
Currencies
(AUD) | Australian Dollar | |||
(BRL) | Brazilian Real | |||
(CAD) | Canadian Dollar | |||
(CLP) | Chilean Peso | |||
(CNY) | Chinese Yuan | |||
(DKK) | Danish Krone | |||
(EUR) | Euro | |||
(GBP) | British Pound | |||
(IDR) | Indonesian Rupiah | |||
(INR) | Indian Rupee | |||
(JPY) | Japanese Yen | |||
(KRW) | South Korean Won | |||
(MXN) | Mexican Peso | |||
(MYR) | Malaysian Ringgit | |||
(NZD) | New Zealand Dollar | |||
(PEN) | Peruvian Nuevo Sol | |||
(SGD) | Singapore Dollar | |||
(THB) | Thai Baht | |||
(TWD) | Taiwanese Dollar | |||
(USD) | United States Dollar | |||
(ZAR) | South African Rand |
Index Abbreviations
(BBSW) | Australian Bank Bill Swap Rate | |||
(CDOR) | Canadian Dollar Offered Rate | |||
(CDX.NA.HY) | Markit North America High Yield CDS Index | |||
(ECOFC) | Enterprise 11th District COFI Replacement Index | |||
(EURIBOR) | Euro InterBank Offered Rate | |||
(H15) | U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index | |||
(LIBOR) | London Interbank Offered Rate | |||
(MTA) | Monthly Treasury Average Index | |||
(NZDBB) | New Zealand Dollar Bank Bill Index | |||
(PRIME) | U.S. Federal Reserve Prime Rate | |||
(RFUCCT) | Refinitiv USD IBOR Consumer Cash Fallbacks Term | |||
(SOFR) | Secured Overnight Financing Rate | |||
(SOFR30A) | Secured Overnight Financing Rate 30-Day Average | |||
(SONIA) | Sterling Overnight Index Average Deposit Rate | |||
(TONA) | Tokyo Overnight Average Rate | |||
(TSFR) | Term Secured Overnight Financing Rate | |||
(UKG) | U.K. Government Bond |
Other Abbreviations
(ARM) | Adjustable-Rate Mortgage | |||
(CLO) | Collateralized Loan Obligation | |||
(DAC) | Designated Activity Company | |||
(ETF) | Exchange-Traded Fund | |||
(IRS) | Interest Rate Swap | |||
(REMIC) | Real Estate Mortgage Investment Conduit |
BHFTI-289
Table of Contents
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Total U.S. Treasury & Government Agencies* |
$ | | $ | 2,718,220,623 | $ | | $ | 2,718,220,623 | ||||||||
Total Corporate Bonds & Notes* |
| 1,263,403,087 | | 1,263,403,087 | ||||||||||||
Total Asset-Backed Securities* |
| 584,042,269 | | 584,042,269 | ||||||||||||
Total Mortgage-Backed Securities* |
| 559,054,863 | | 559,054,863 | ||||||||||||
Total Foreign Government* |
| 106,071,799 | | 106,071,799 | ||||||||||||
Total Municipals* |
| 35,960,264 | | 35,960,264 | ||||||||||||
Total Floating Rate Loan* |
| 6,124,072 | | 6,124,072 | ||||||||||||
Total Short-Term Investments* |
| 226,797,404 | | 226,797,404 | ||||||||||||
Total Purchased Options at Value |
| 312,006 | | 312,006 | ||||||||||||
Total Investments |
$ | | $ | 5,499,986,387 | $ | | $ | 5,499,986,387 | ||||||||
TBA Forward Sales Commitments |
$ | | $ | (8,137,852 | ) | $ | | $ | (8,137,852 | ) | ||||||
Secured Borrowings (Liability) |
$ | | $ | (22,552,889 | ) | $ | | $ | (22,552,889 | ) | ||||||
Forward Contracts | ||||||||||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | | $ | 13,155,236 | $ | | $ | 13,155,236 | ||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
| (3,544,693 | ) | | (3,544,693 | ) | ||||||||||
Total Forward Contracts |
$ | | $ | 9,610,543 | $ | | $ | 9,610,543 | ||||||||
Futures Contracts | ||||||||||||||||
Futures Contracts (Unrealized Appreciation) |
$ | 9,200,753 | $ | | $ | | $ | 9,200,753 | ||||||||
Futures Contracts (Unrealized Depreciation) |
(7,863,794 | ) | | | (7,863,794 | ) | ||||||||||
Total Futures Contracts |
$ | 1,336,959 | $ | | $ | | $ | 1,336,959 | ||||||||
Written Options | ||||||||||||||||
Foreign Currency Options at Value |
$ | | $ | (187,063 | ) | $ | | $ | (187,063 | ) | ||||||
Interest Rate Swaptions at Value |
| (1,519,970 | ) | | (1,519,970 | ) | ||||||||||
Options on Exchange-Traded Futures Contracts at Value |
(238,475 | ) | | | (238,475 | ) | ||||||||||
Total Written Options |
$ | (238,475 | ) | $ | (1,707,033 | ) | $ | | $ | (1,945,508 | ) | |||||
Centrally Cleared Swap Contracts | ||||||||||||||||
Centrally Cleared Swap Contracts (Unrealized Appreciation) |
$ | | $ | 28,822,551 | $ | | $ | 28,822,551 | ||||||||
Centrally Cleared Swap Contracts (Unrealized Depreciation) |
| (33,626,833 | ) | | (33,626,833 | ) | ||||||||||
Total Centrally Cleared Swap Contracts |
$ | | $ | (4,804,282 | ) | $ | | $ | (4,804,282 | ) | ||||||
OTC Swap Contracts |
| |||||||||||||||
OTC Swap Contracts at Value (Assets) |
$ | | $ | 13,952 | $ | | $ | 13,952 | ||||||||
OTC Swap Contracts at Value (Liabilities) |
| (1,512,253 | ) | | (1,512,253 | ) | ||||||||||
Total OTC Swap Contracts |
$ | | $ | (1,498,301 | ) | $ | | $ | (1,498,301 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
BHFTI-290
Table of Contents
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks44.1% of Net Assets
Security Description | Shares | Value | ||||||
Aerospace & Defense0.3% | ||||||||
Airbus SE |
1,831 | $ | 244,956 | |||||
BAE Systems PLC |
11,524 | 139,888 | ||||||
Boeing Co. (a) |
1,592 | 305,155 | ||||||
General Dynamics Corp. |
1,493 | 329,908 | ||||||
HEICO Corp. (b) |
1,484 | 240,304 | ||||||
Howmet Aerospace, Inc. |
5,952 | 275,280 | ||||||
Huntington Ingalls Industries, Inc. |
710 | 145,252 | ||||||
RTX Corp. |
5,068 | 364,744 | ||||||
Safran SA |
1,571 | 245,632 | ||||||
TransDigm Group, Inc. (a) |
570 | 480,584 | ||||||
|
|
|||||||
2,771,703 | ||||||||
|
|
|||||||
Air Freight & Logistics0.1% | ||||||||
DSV AS |
1,352 | 252,055 | ||||||
FedEx Corp. |
2,126 | 563,220 | ||||||
United Parcel Service, Inc. - Class B (b) |
3,855 | 600,879 | ||||||
|
|
|||||||
1,416,154 | ||||||||
|
|
|||||||
Automobile Components0.2% | ||||||||
Aisin Corp. |
3,600 | 135,974 | ||||||
Aptiv PLC (a) |
1,188 | 117,125 | ||||||
BorgWarner, Inc. |
3,552 | 143,394 | ||||||
Bridgestone Corp. |
4,800 | 187,084 | ||||||
Gentex Corp. |
16,482 | 536,324 | ||||||
JTEKT Corp. |
10,700 | 100,902 | ||||||
Niterra Co. Ltd. |
5,900 | 133,514 | ||||||
Sumitomo Electric Industries Ltd. |
11,200 | 134,874 | ||||||
|
|
|||||||
1,489,191 | ||||||||
|
|
|||||||
Automobiles1.0% | ||||||||
Ferrari NV |
2,028 | 597,684 | ||||||
Ford Motor Co. |
10,250 | 127,305 | ||||||
General Motors Co. |
4,985 | 164,356 | ||||||
Honda Motor Co. Ltd. |
54,000 | 607,189 | ||||||
Isuzu Motors Ltd. |
15,800 | 198,586 | ||||||
Kia Corp. |
1,731 | 103,895 | ||||||
Mazda Motor Corp. |
19,600 | 222,219 | ||||||
Mercedes-Benz Group AG |
2,808 | 195,583 | ||||||
Stellantis NV (Milan-Traded Shares) |
10,191 | 195,472 | ||||||
Suzuki Motor Corp. |
3,000 | 120,646 | ||||||
Tesla, Inc. (a) |
23,552 | 5,893,181 | ||||||
Toyota Motor Corp. (b) |
45,300 | 814,008 | ||||||
Yamaha Motor Co. Ltd. |
8,300 | 218,080 | ||||||
|
|
|||||||
9,458,204 | ||||||||
|
|
|||||||
Banks2.5% | ||||||||
ANZ Group Holdings Ltd. |
11,279 | 185,570 | ||||||
Banco Bilbao Vizcaya Argentaria SA |
64,957 | 528,915 | ||||||
Banco Santander SA |
67,042 | 254,583 | ||||||
Bank Negara Indonesia Persero Tbk PT |
359,200 | 239,874 | ||||||
Bank of America Corp. |
62,169 | 1,702,187 | ||||||
Bank of Montreal (b) |
4,325 | 364,851 | ||||||
Bank of Nova Scotia (b) |
3,822 | 171,311 | ||||||
Barclays PLC |
250,871 | 485,883 | ||||||
BNP Paribas SA |
13,617 | 866,898 | ||||||
Banks(Continued) | ||||||||
Citigroup, Inc. |
12,462 | 512,562 | ||||||
Commonwealth Bank of Australia |
4,645 | 295,973 | ||||||
Danske Bank AS |
4,786 | 111,480 | ||||||
DBS Group Holdings Ltd. |
26,800 | 658,060 | ||||||
Erste Group Bank AG |
6,118 | 211,347 | ||||||
FinecoBank Banca Fineco SpA |
22,556 | 273,856 | ||||||
HSBC Holdings PLC |
174,549 | 1,367,422 | ||||||
HSBC Holdings PLC (Hong Kong-Traded Shares) |
35,600 | 279,222 | ||||||
ING Groep NV - Series N |
31,288 | 413,322 | ||||||
Intesa Sanpaolo SpA |
85,765 | 220,399 | ||||||
JPMorgan Chase & Co. |
40,620 | 5,890,712 | ||||||
KBC Group NV |
6,834 | 426,082 | ||||||
Lloyds Banking Group PLC |
213,076 | 114,734 | ||||||
Mitsubishi UFJ Financial Group, Inc. |
39,500 | 335,037 | ||||||
Mizuho Financial Group, Inc. |
43,390 | 734,958 | ||||||
National Australia Bank Ltd. |
11,915 | 222,429 | ||||||
National Bank of Canada (b) |
1,291 | 85,763 | ||||||
Nordea Bank Abp |
13,517 | 148,536 | ||||||
Oversea-Chinese Banking Corp. Ltd. |
64,600 | 603,329 | ||||||
PNC Financial Services Group, Inc. |
1,246 | 152,971 | ||||||
Royal Bank of Canada (b) |
8,553 | 747,463 | ||||||
Skandinaviska Enskilda Banken AB - Class A |
34,289 | 408,420 | ||||||
Societe Generale SA |
11,126 | 269,141 | ||||||
Standard Chartered PLC |
59,710 | 551,836 | ||||||
Sumitomo Mitsui Financial Group, Inc. |
12,300 | 602,985 | ||||||
Toronto-Dominion Bank (b) |
15,649 | 942,800 | ||||||
Truist Financial Corp. |
4,183 | 119,676 | ||||||
U.S. Bancorp (b) |
21,673 | 716,509 | ||||||
UniCredit SpA |
23,844 | 570,570 | ||||||
United Overseas Bank Ltd. |
23,000 | 478,796 | ||||||
Wells Fargo & Co. |
36,590 | 1,495,067 | ||||||
Westpac Banking Corp. |
11,792 | 160,203 | ||||||
|
|
|||||||
24,921,732 | ||||||||
|
|
|||||||
Beverages0.9% | ||||||||
Anheuser-Busch InBev SA |
3,392 | 186,791 | ||||||
Arca Continental SAB de CV |
17,300 | 157,608 | ||||||
Celsius Holdings, Inc. (a) |
1,266 | 217,246 | ||||||
Coca-Cola Co. |
41,387 | 2,316,844 | ||||||
Diageo PLC |
19,284 | 711,171 | ||||||
Fomento Economico Mexicano SAB de CV (ADR) |
2,038 | 222,448 | ||||||
Kirin Holdings Co. Ltd. |
17,800 | 249,659 | ||||||
Monster Beverage Corp. (a) |
20,137 | 1,066,254 | ||||||
PepsiCo, Inc. |
22,881 | 3,876,957 | ||||||
Pernod Ricard SA |
271 | 45,111 | ||||||
|
|
|||||||
9,050,089 | ||||||||
|
|
|||||||
Biotechnology0.7% | ||||||||
AbbVie, Inc. |
13,706 | 2,043,016 | ||||||
Alnylam Pharmaceuticals, Inc. (a) |
309 | 54,724 | ||||||
Amgen, Inc. |
4,510 | 1,212,108 | ||||||
Argenx SE (a) |
275 | 133,694 | ||||||
Biogen, Inc. (a) |
402 | 103,318 | ||||||
CSL Ltd. |
1,378 | 222,020 | ||||||
Exact Sciences Corp. (a) (b) |
842 | 57,441 | ||||||
Gilead Sciences, Inc. |
8,684 | 650,779 |
BHFTI-291
Table of Contents
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Biotechnology(Continued) | ||||||||
Horizon Therapeutics PLC (a) |
1,261 | $ | 145,885 | |||||
Incyte Corp. (a) |
1,337 | 77,238 | ||||||
Moderna, Inc. (a) |
747 | 77,158 | ||||||
Neurocrine Biosciences, Inc. (a) |
1,304 | 146,700 | ||||||
Regeneron Pharmaceuticals, Inc. (a) |
250 | 205,740 | ||||||
United Therapeutics Corp. (a) |
1,911 | 431,638 | ||||||
Vertex Pharmaceuticals, Inc. (a) |
2,511 | 873,175 | ||||||
|
|
|||||||
6,434,634 | ||||||||
|
|
|||||||
Broadline Retail1.3% | ||||||||
Amazon.com, Inc. (a) |
85,875 | 10,916,430 | ||||||
Dollarama, Inc. |
7,802 | 537,538 | ||||||
eBay, Inc. |
4,953 | 218,378 | ||||||
Etsy, Inc. (a) (b) |
647 | 41,783 | ||||||
MercadoLibre, Inc. (a) |
467 | 592,100 | ||||||
Prosus NV (a) |
5,749 | 169,421 | ||||||
Wesfarmers Ltd. |
6,440 | 218,786 | ||||||
|
|
|||||||
12,694,436 | ||||||||
|
|
|||||||
Building Products0.4% | ||||||||
A.O. Smith Corp. |
5,363 | 354,655 | ||||||
AGC, Inc. |
2,500 | 87,785 | ||||||
Allegion PLC (b) |
2,959 | 308,328 | ||||||
Assa Abloy AB - Class B |
5,852 | 127,491 | ||||||
Carlisle Cos., Inc. (b) |
330 | 85,556 | ||||||
Cie de Saint-Gobain SA |
3,791 | 227,113 | ||||||
Daikin Industries Ltd. |
1,300 | 203,951 | ||||||
Johnson Controls International PLC |
5,741 | 305,478 | ||||||
Lennox International, Inc. |
1,279 | 478,909 | ||||||
Masco Corp. |
6,367 | 340,316 | ||||||
Owens Corning |
2,658 | 362,578 | ||||||
Trane Technologies PLC |
6,482 | 1,315,263 | ||||||
|
|
|||||||
4,197,423 | ||||||||
|
|
|||||||
Capital Markets1.3% | ||||||||
Ameriprise Financial, Inc. (b) |
1,242 | 409,463 | ||||||
Azimut Holding SpA |
4,750 | 103,582 | ||||||
Bank of New York Mellon Corp. |
16,738 | 713,876 | ||||||
BlackRock, Inc. |
1,299 | 839,791 | ||||||
Blackstone, Inc. |
1,981 | 212,244 | ||||||
Brookfield Asset Management Ltd. - Class A (b) |
1,971 | 65,678 | ||||||
Brookfield Corp. (b) |
5,108 | 159,718 | ||||||
Charles Schwab Corp. |
22,692 | 1,245,791 | ||||||
CME Group, Inc. |
1,027 | 205,626 | ||||||
Deutsche Bank AG |
10,884 | 120,185 | ||||||
Deutsche Boerse AG |
3,137 | 542,216 | ||||||
Evercore, Inc. - Class A (b) |
1,521 | 209,715 | ||||||
FactSet Research Systems, Inc. |
410 | 179,277 | ||||||
Goldman Sachs Group, Inc. |
1,081 | 349,779 | ||||||
Hong Kong Exchanges & Clearing Ltd. |
3,600 | 134,215 | ||||||
IG Group Holdings PLC |
7,877 | 61,561 | ||||||
Intercontinental Exchange, Inc. |
1,646 | 181,093 | ||||||
London Stock Exchange Group PLC |
910 | 91,352 | ||||||
Macquarie Group Ltd. |
1,735 | 186,685 | ||||||
Moodys Corp. |
3,296 | 1,042,096 | ||||||
Capital Markets(Continued) | ||||||||
Morgan Stanley |
31,329 | 2,558,639 | ||||||
MSCI, Inc. |
1,981 | 1,016,412 | ||||||
Nomura Holdings, Inc. |
20,000 | 80,187 | ||||||
S&P Global, Inc. |
882 | 322,292 | ||||||
State Street Corp. |
6,565 | 439,592 | ||||||
Swissquote Group Holding SA |
338 | 61,702 | ||||||
UBS Group AG |
36,527 | 902,866 | ||||||
|
|
|||||||
12,435,633 | ||||||||
|
|
|||||||
Chemicals0.8% | ||||||||
Air Liquide SA |
4,507 | 759,506 | ||||||
Air Products & Chemicals, Inc. |
3,107 | 880,524 | ||||||
Albemarle Corp. (b) |
1,812 | 308,113 | ||||||
BASF SE |
2,887 | 131,048 | ||||||
Chr Hansen Holding AS |
1,072 | 65,573 | ||||||
Corteva, Inc. |
13,551 | 693,269 | ||||||
Dow, Inc. |
2,771 | 142,873 | ||||||
DuPont de Nemours, Inc. (b) |
2,219 | 165,515 | ||||||
Ecolab, Inc. |
5,839 | 989,127 | ||||||
Givaudan SA |
40 | 130,938 | ||||||
International Flavors & Fragrances, Inc. (b) |
601 | 40,970 | ||||||
Kuraray Co. Ltd. |
6,500 | 77,009 | ||||||
Linde PLC |
3,266 | 1,216,095 | ||||||
Livent Corp. (a) (b) |
7,524 | 138,517 | ||||||
Mitsubishi Gas Chemical Co., Inc. |
5,400 | 72,677 | ||||||
Nissan Chemical Corp. |
2,900 | 123,278 | ||||||
Nitto Denko Corp. |
2,300 | 150,779 | ||||||
Sherwin-Williams Co. |
4,400 | 1,122,220 | ||||||
Shin-Etsu Chemical Co. Ltd. |
21,500 | 624,025 | ||||||
Sika AG |
692 | 175,392 | ||||||
Solvay SA |
990 | 109,505 | ||||||
Yara International ASA |
1,996 | 75,596 | ||||||
|
|
|||||||
8,192,549 | ||||||||
|
|
|||||||
Commercial Services & Supplies0.3% | ||||||||
Cintas Corp. |
1,578 | 759,034 | ||||||
Copart, Inc. (a) |
10,547 | 454,470 | ||||||
Republic Services, Inc. |
1,620 | 230,866 | ||||||
Rollins, Inc. |
11,210 | 418,469 | ||||||
Waste Management, Inc. |
6,184 | 942,689 | ||||||
|
|
|||||||
2,805,528 | ||||||||
|
|
|||||||
Communications Equipment0.5% | ||||||||
Arista Networks, Inc. (a) |
9,087 | 1,671,372 | ||||||
Cisco Systems, Inc. |
33,034 | 1,775,908 | ||||||
Extreme Networks, Inc. (a) |
11,845 | 286,767 | ||||||
Motorola Solutions, Inc. |
2,832 | 770,984 | ||||||
Nokia Oyj |
23,648 | 88,938 | ||||||
Telefonaktiebolaget LM Ericsson - B Shares |
7,705 | 37,425 | ||||||
|
|
|||||||
4,631,394 | ||||||||
|
|
|||||||
Construction & Engineering0.1% | ||||||||
Kajima Corp. |
3,600 | 58,586 | ||||||
Obayashi Corp. |
13,200 | 116,226 | ||||||
Taisei Corp. |
2,400 | 84,443 |
BHFTI-292
Table of Contents
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Construction & Engineering(Continued) | ||||||||
Vinci SA |
2,617 | $ | 289,720 | |||||
|
|
|||||||
548,975 | ||||||||
|
|
|||||||
Construction Materials0.0% | ||||||||
James Hardie Industries PLC (a) |
5,261 | 137,277 | ||||||
|
|
|||||||
Consumer Finance0.2% | ||||||||
American Express Co. |
10,020 | 1,494,884 | ||||||
Capital One Financial Corp. |
1,601 | 155,377 | ||||||
Discover Financial Services |
1,465 | 126,913 | ||||||
|
|
|||||||
1,777,174 | ||||||||
|
|
|||||||
Consumer Staples Distribution & Retail0.6% | ||||||||
Costco Wholesale Corp. |
5,251 | 2,966,605 | ||||||
Dollar General Corp. |
671 | 70,992 | ||||||
Dollar Tree, Inc. (a) (b) |
798 | 84,947 | ||||||
Endeavour Group Ltd. |
33,067 | 111,893 | ||||||
HelloFresh SE (a) |
1,529 | 45,715 | ||||||
Kesko Oyj - B Shares |
4,743 | 84,840 | ||||||
Koninklijke Ahold Delhaize NV |
4,777 | 144,041 | ||||||
Kroger Co. |
16,413 | 734,482 | ||||||
Loblaw Cos. Ltd. |
1,828 | 155,311 | ||||||
Seven & i Holdings Co. Ltd. |
3,300 | 129,227 | ||||||
Sysco Corp. |
1,778 | 117,437 | ||||||
Target Corp. |
1,147 | 126,824 | ||||||
Walgreens Boots Alliance, Inc. (b) |
2,739 | 60,915 | ||||||
Walmart, Inc. |
6,652 | 1,063,854 | ||||||
Woolworths Group Ltd. |
6,644 | 160,074 | ||||||
|
|
|||||||
6,057,157 | ||||||||
|
|
|||||||
Containers & Packaging0.1% | ||||||||
Ball Corp. (b) |
9,643 | 480,029 | ||||||
Graphic Packaging Holding Co. |
4,960 | 110,509 | ||||||
International Paper Co. |
2,737 | 97,081 | ||||||
Smurfit Kappa Group PLC |
3,495 | 115,626 | ||||||
Sonoco Products Co. |
1,873 | 101,798 | ||||||
Verallia SA |
2,256 | 88,706 | ||||||
|
|
|||||||
993,749 | ||||||||
|
|
|||||||
Distributors0.0% | ||||||||
Genuine Parts Co. |
1,791 | 258,585 | ||||||
|
|
|||||||
Diversified REITs0.0% | ||||||||
Daiwa House REIT Investment Corp. |
116 | 204,684 | ||||||
|
|
|||||||
Diversified Telecommunication Services0.2% | ||||||||
AT&T, Inc. |
16,420 | 246,628 | ||||||
BCE, Inc. |
2,902 | 110,781 | ||||||
Cellnex Telecom SA (a) |
2,039 | 70,899 | ||||||
Deutsche Telekom AG |
11,878 | 249,431 | ||||||
Koninklijke KPN NV |
152,259 | 501,828 | ||||||
Liberty Global PLC - Class A (a) |
4,706 | 80,567 | ||||||
Nippon Telegraph & Telephone Corp. |
296,000 | 349,605 | ||||||
Quebecor, Inc. - Class B |
5,423 | 116,226 | ||||||
Spark New Zealand Ltd. |
64,632 | 186,322 | ||||||
Telecom Italia SpA (a) |
137,586 | 42,964 | ||||||
Diversified Telecommunication Services(Continued) | ||||||||
Telkom Indonesia Persero Tbk PT |
394,900 | 95,779 | ||||||
Verizon Communications, Inc. |
9,589 | 310,779 | ||||||
|
|
|||||||
2,361,809 | ||||||||
|
|
|||||||
Electric Utilities0.3% | ||||||||
Constellation Energy Corp. |
959 | 104,608 | ||||||
Duke Energy Corp. |
3,161 | 278,990 | ||||||
Edison International |
2,280 | 144,301 | ||||||
Enel SpA |
26,635 | 163,438 | ||||||
Evergy, Inc. |
3,738 | 189,517 | ||||||
Eversource Energy |
1,925 | 111,939 | ||||||
Exelon Corp. |
4,488 | 169,601 | ||||||
Iberdrola SA |
68,505 | 764,887 | ||||||
NextEra Energy, Inc. |
12,787 | 732,567 | ||||||
Orsted AS |
948 | 51,612 | ||||||
Redeia Corp. SA |
8,120 | 127,529 | ||||||
Southern Co. |
3,916 | 253,443 | ||||||
Terna - Rete Elettrica Nazionale |
31,486 | 236,867 | ||||||
|
|
|||||||
3,329,299 | ||||||||
|
|
|||||||
Electrical Equipment0.5% | ||||||||
ABB Ltd. |
10,581 | 378,125 | ||||||
AMETEK, Inc. |
4,166 | 615,568 | ||||||
Array Technologies, Inc. (a) (b) |
12,834 | 284,787 | ||||||
Atkore, Inc. (a) (b) |
1,435 | 214,088 | ||||||
Eaton Corp. PLC |
1,863 | 397,341 | ||||||
Emerson Electric Co. |
11,428 | 1,103,602 | ||||||
Encore Wire Corp. (b) |
651 | 118,781 | ||||||
Fluence Energy, Inc. (a) (b) |
13,100 | 301,169 | ||||||
Generac Holdings, Inc. (a) (b) |
183 | 19,940 | ||||||
Hubbell, Inc. |
893 | 279,875 | ||||||
Legrand SA |
3,161 | 290,106 | ||||||
NEXTracker, Inc. - Class A (a) |
7,239 | 290,718 | ||||||
Nidec Corp. |
2,100 | 97,283 | ||||||
Rockwell Automation, Inc. |
1,504 | 429,949 | ||||||
Siemens Energy AG (a) |
2,798 | 36,605 | ||||||
Vestas Wind Systems AS (a) |
5,766 | 123,071 | ||||||
|
|
|||||||
4,981,008 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components0.2% | ||||||||
Amphenol Corp. - Class A |
6,881 | 577,935 | ||||||
Corning, Inc. |
3,887 | 118,437 | ||||||
Delta Electronics, Inc. |
10,000 | 100,534 | ||||||
E Ink Holdings, Inc. |
17,000 | 95,087 | ||||||
Keyence Corp. |
700 | 260,170 | ||||||
Lotes Co. Ltd. |
4,000 | 102,078 | ||||||
Murata Manufacturing Co. Ltd. |
6,900 | 126,103 | ||||||
Yokogawa Electric Corp. |
6,400 | 123,586 | ||||||
Zebra Technologies Corp. - Class A (a) |
350 | 82,786 | ||||||
|
|
|||||||
1,586,716 | ||||||||
|
|
|||||||
Energy Equipment & Services0.1% | ||||||||
Schlumberger NV (b) |
20,551 | 1,198,123 | ||||||
Tenaris SA |
3,538 | 55,904 | ||||||
|
|
|||||||
1,254,027 | ||||||||
|
|
BHFTI-293
Table of Contents
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Entertainment0.6% | ||||||||
Activision Blizzard, Inc. |
1,906 | $ | 178,459 | |||||
Electronic Arts, Inc. |
2,793 | 336,277 | ||||||
Endeavor Group Holdings, Inc. - Class A (a) |
16,191 | 322,201 | ||||||
JYP Entertainment Corp. |
1,006 | 83,685 | ||||||
Koei Tecmo Holdings Co. Ltd. |
8,400 | 119,392 | ||||||
Liberty Media Corp.-Liberty Formula One - Class C (a) |
13,191 | 821,799 | ||||||
Liberty Media Corp.-Liberty Live - Class C (a) (b) |
116 | 3,724 | ||||||
Netflix, Inc. (a) |
6,299 | 2,378,502 | ||||||
Nintendo Co. Ltd. |
3,200 | 133,313 | ||||||
Roku, Inc. (a) |
462 | 32,612 | ||||||
Take-Two Interactive Software, Inc. (a) |
5,348 | 750,806 | ||||||
Walt Disney Co. (a) |
10,036 | 813,418 | ||||||
Warner Bros Discovery, Inc. (a) |
9,328 | 101,302 | ||||||
|
|
|||||||
6,075,490 | ||||||||
|
|
|||||||
Financial Services1.5% | ||||||||
Adyen NV (a) |
146 | 108,225 | ||||||
Berkshire Hathaway, Inc. - Class B (a) |
6,924 | 2,425,477 | ||||||
Block, Inc. (a) |
1,501 | 66,434 | ||||||
Edenred SE |
11,165 | 697,593 | ||||||
Essent Group Ltd. |
4,075 | 192,707 | ||||||
Fidelity National Information Services, Inc. |
1,977 | 109,269 | ||||||
Fiserv, Inc. (a) |
1,603 | 181,075 | ||||||
FleetCor Technologies, Inc. (a) |
1,342 | 342,666 | ||||||
Global Payments, Inc. |
979 | 112,967 | ||||||
Mastercard, Inc. - Class A |
10,154 | 4,020,070 | ||||||
MGIC Investment Corp. |
9,388 | 156,686 | ||||||
NMI Holdings, Inc. - Class A (a) (b) |
2,170 | 58,785 | ||||||
Nuvei Corp. |
2,287 | 34,299 | ||||||
PayPal Holdings, Inc. (a) |
8,404 | 491,298 | ||||||
Radian Group, Inc. (b) |
7,200 | 180,792 | ||||||
Visa, Inc. - Class A (b) |
23,964 | 5,511,959 | ||||||
|
|
|||||||
14,690,302 | ||||||||
|
|
|||||||
Food Products0.5% | ||||||||
Conagra Brands, Inc. |
3,190 | 87,470 | ||||||
Danone SA |
2,924 | 161,100 | ||||||
General Mills, Inc. |
1,577 | 100,912 | ||||||
Hershey Co. |
3,125 | 625,250 | ||||||
Kraft Heinz Co. |
2,094 | 70,442 | ||||||
Mondelez International, Inc. - Class A |
14,769 | 1,024,969 | ||||||
Nestle SA |
21,715 | 2,452,088 | ||||||
|
|
|||||||
4,522,231 | ||||||||
|
|
|||||||
Gas Utilities0.0% | ||||||||
Hong Kong & China Gas Co. Ltd. |
108,857 | 75,843 | ||||||
Italgas SpA |
15,999 | 81,828 | ||||||
|
|
|||||||
157,671 | ||||||||
|
|
|||||||
Ground Transportation0.5% | ||||||||
Canadian National Railway Co. (b) |
6,509 | 704,884 | ||||||
Canadian Pacific Kansas City Ltd. (b) |
5,600 | 416,253 | ||||||
CSX Corp. |
13,334 | 410,021 | ||||||
Norfolk Southern Corp. |
829 | 163,255 | ||||||
Odakyu Electric Railway Co. Ltd. |
6,300 | 94,150 | ||||||
Ground Transportation(Continued) | ||||||||
Old Dominion Freight Line, Inc. |
372 | 152,200 | ||||||
TFI International, Inc. (b) |
777 | 99,790 | ||||||
Uber Technologies, Inc. (a) |
12,035 | 553,490 | ||||||
Union Pacific Corp. |
8,832 | 1,798,460 | ||||||
|
|
|||||||
4,392,503 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies0.8% | ||||||||
Abbott Laboratories |
17,317 | 1,677,152 | ||||||
Align Technology, Inc. (a) |
350 | 106,862 | ||||||
Baxter International, Inc. |
2,122 | 80,084 | ||||||
Becton Dickinson & Co. |
965 | 249,481 | ||||||
Boston Scientific Corp. (a) |
20,033 | 1,057,742 | ||||||
DexCom, Inc. (a) |
4,112 | 383,650 | ||||||
Edwards Lifesciences Corp. (a) |
6,835 | 473,529 | ||||||
EssilorLuxottica SA |
1,077 | 187,212 | ||||||
GE HealthCare Technologies, Inc. (b) |
1,611 | 109,612 | ||||||
Hoya Corp. |
1,100 | 113,359 | ||||||
IDEXX Laboratories, Inc. (a) |
1,886 | 824,691 | ||||||
Intuitive Surgical, Inc. (a) |
1,414 | 413,298 | ||||||
Koninklijke Philips NV |
5,229 | 104,211 | ||||||
Medtronic PLC |
7,277 | 570,226 | ||||||
Olympus Corp. |
6,600 | 85,510 | ||||||
ResMed, Inc. (b) |
585 | 86,504 | ||||||
Stryker Corp. |
3,687 | 1,007,547 | ||||||
Sysmex Corp. |
1,600 | 76,304 | ||||||
Zimmer Biomet Holdings, Inc. |
1,031 | 115,699 | ||||||
|
|
|||||||
7,722,673 | ||||||||
|
|
|||||||
Health Care Providers & Services1.0% | ||||||||
Centene Corp. (a) |
1,725 | 118,818 | ||||||
Cigna Group |
3,848 | 1,100,797 | ||||||
CVS Health Corp. |
3,553 | 248,070 | ||||||
Elevance Health, Inc. |
2,064 | 898,707 | ||||||
HCA Healthcare, Inc. |
3,672 | 903,239 | ||||||
Humana, Inc. |
1,060 | 515,711 | ||||||
McKesson Corp. |
1,202 | 522,690 | ||||||
Progyny, Inc. (a) |
2,733 | 92,977 | ||||||
UnitedHealth Group, Inc. |
10,129 | 5,106,940 | ||||||
|
|
|||||||
9,507,949 | ||||||||
|
|
|||||||
Health Care REITs0.0% | ||||||||
Ventas, Inc. (b) |
2,473 | 104,188 | ||||||
Welltower, Inc. (b) |
2,061 | 168,837 | ||||||
|
|
|||||||
273,025 | ||||||||
|
|
|||||||
Health Care Technology0.1% | ||||||||
Veeva Systems, Inc. - Class A (a) (b) |
2,465 | 501,504 | ||||||
|
|
|||||||
Hotels, Restaurants & Leisure0.9% | ||||||||
Airbnb, Inc. - Class A (a) |
3,029 | 415,609 | ||||||
Amadeus IT Group SA |
2,038 | 122,817 | ||||||
Aristocrat Leisure Ltd. |
4,357 | 114,333 | ||||||
Booking Holdings, Inc. (a) |
793 | 2,445,572 | ||||||
Caesars Entertainment, Inc. (a) |
2,116 | 98,077 | ||||||
Chipotle Mexican Grill, Inc. (a) |
91 | 166,697 |
BHFTI-294
Table of Contents
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Hotels, Restaurants & Leisure(Continued) | ||||||||
Compass Group PLC |
5,111 | $ | 124,513 | |||||
Delivery Hero SE (a) |
1,182 | 33,947 | ||||||
Evolution AB |
3,447 | 347,347 | ||||||
Galaxy Entertainment Group Ltd. (a) |
18,000 | 107,669 | ||||||
Hilton Worldwide Holdings, Inc. |
3,878 | 582,398 | ||||||
InterContinental Hotels Group PLC |
8,039 | 592,655 | ||||||
Las Vegas Sands Corp. |
14,676 | 672,748 | ||||||
Marriott International, Inc. - Class A |
1,051 | 206,585 | ||||||
McDonalds Corp. |
9,136 | 2,406,788 | ||||||
Oriental Land Co. Ltd. |
4,300 | 141,163 | ||||||
Starbucks Corp. |
4,848 | 442,477 | ||||||
Yum! Brands, Inc. |
1,250 | 156,175 | ||||||
|
|
|||||||
9,177,570 | ||||||||
|
|
|||||||
Household Durables0.2% | ||||||||
DR Horton, Inc. |
1,840 | 197,745 | ||||||
Lennar Corp. - Class A |
1,723 | 193,372 | ||||||
NVR, Inc. (a) |
216 | 1,288,073 | ||||||
Sekisui Chemical Co. Ltd. |
12,300 | 177,068 | ||||||
Sony Group Corp. |
3,200 | 261,765 | ||||||
Sumitomo Forestry Co. Ltd. |
3,900 | 99,215 | ||||||
|
|
|||||||
2,217,238 | ||||||||
|
|
|||||||
Household Products0.8% | ||||||||
Church & Dwight Co., Inc. |
3,178 | 291,200 | ||||||
Clorox Co. |
4,547 | 595,930 | ||||||
Colgate-Palmolive Co. |
18,528 | 1,317,526 | ||||||
Essity AB - Class B |
4,994 | 107,622 | ||||||
Kimberly-Clark Corp. |
10,228 | 1,236,054 | ||||||
Kimberly-Clark de Mexico SAB de CV - Class A |
95,200 | 189,553 | ||||||
Procter & Gamble Co. |
26,644 | 3,886,294 | ||||||
Reckitt Benckiser Group PLC |
2,020 | 142,754 | ||||||
|
|
|||||||
7,766,933 | ||||||||
|
|
|||||||
Independent Power and Renewable Electricity Producers0.0% | ||||||||
Drax Group PLC |
16,428 | 87,884 | ||||||
RWE AG |
3,295 | 122,448 | ||||||
|
|
|||||||
210,332 | ||||||||
|
|
|||||||
Industrial Conglomerates0.3% | ||||||||
3M Co. |
3,446 | 322,614 | ||||||
General Electric Co. |
9,300 | 1,028,115 | ||||||
Hitachi Ltd. |
3,900 | 241,778 | ||||||
Honeywell International, Inc. |
4,456 | 823,201 | ||||||
Lifco AB - B Shares |
5,610 | 98,136 | ||||||
Siemens AG |
2,066 | 296,189 | ||||||
|
|
|||||||
2,810,033 | ||||||||
|
|
|||||||
Industrial REITs0.1% | ||||||||
Nippon Prologis REIT, Inc. |
105 | 196,908 | ||||||
Prologis, Inc. |
6,060 | 679,993 | ||||||
|
|
|||||||
876,901 | ||||||||
|
|
|||||||
Insurance1.2% | ||||||||
Aflac, Inc. |
3,160 | 242,530 | ||||||
AIA Group Ltd. |
35,200 | 284,735 | ||||||
Allianz SE |
1,415 | 337,423 | ||||||
Allstate Corp. |
972 | 108,290 | ||||||
American International Group, Inc. |
8,084 | 489,890 | ||||||
Aon PLC - Class A |
2,549 | 826,437 | ||||||
Arch Capital Group Ltd. (a) |
5,262 | 419,434 | ||||||
ASR Nederland NV |
4,798 | 180,083 | ||||||
Assured Guaranty Ltd. |
1,603 | 97,014 | ||||||
AXA SA |
10,169 | 301,209 | ||||||
Beazley PLC |
15,070 | 101,355 | ||||||
Chubb Ltd. |
4,822 | 1,003,844 | ||||||
Everest Group Ltd. |
1,294 | 480,941 | ||||||
Fairfax Financial Holdings Ltd. |
225 | 183,673 | ||||||
First American Financial Corp. |
3,727 | 210,538 | ||||||
Hartford Financial Services Group, Inc. |
5,538 | 392,700 | ||||||
Loews Corp. |
4,996 | 316,297 | ||||||
Manulife Financial Corp. |
34,812 | 636,138 | ||||||
Markel Group, Inc. (a) |
164 | 241,488 | ||||||
Marsh & McLennan Cos., Inc. |
9,327 | 1,774,928 | ||||||
Muenchener Rueckversicherungs-Gesellschaft AG |
508 | 198,185 | ||||||
Old Republic International Corp. |
4,038 | 108,784 | ||||||
Primerica, Inc. |
1,059 | 205,457 | ||||||
Progressive Corp. |
1,690 | 235,417 | ||||||
Prudential PLC |
7,976 | 85,887 | ||||||
Reinsurance Group of America, Inc. |
1,127 | 163,629 | ||||||
Sun Life Financial, Inc. |
6,861 | 334,753 | ||||||
Tokio Marine Holdings, Inc. |
11,500 | 265,102 | ||||||
Unum Group |
5,880 | 289,237 | ||||||
Willis Towers Watson PLC |
500 | 104,480 | ||||||
Zurich Insurance Group AG |
1,783 | 817,037 | ||||||
|
|
|||||||
11,436,915 | ||||||||
|
|
|||||||
Interactive Media & Services2.3% | ||||||||
Alphabet, Inc. - Class A (a) |
66,502 | 8,702,452 | ||||||
Alphabet, Inc. - Class C (a) |
49,038 | 6,465,660 | ||||||
Match Group, Inc. (a) (b) |
1,284 | 50,301 | ||||||
Meta Platforms, Inc. - Class A (a) |
22,398 | 6,724,104 | ||||||
Moneysupermarket.com Group PLC |
26,815 | 79,069 | ||||||
Pinterest, Inc. - Class A (a) |
1,701 | 45,978 | ||||||
Snap, Inc. - Class A (a) (b) |
3,066 | 27,318 | ||||||
Tencent Holdings Ltd. |
5,400 | 209,277 | ||||||
|
|
|||||||
22,304,159 | ||||||||
|
|
|||||||
IT Services0.5% | ||||||||
Accenture PLC - Class A |
7,339 | 2,253,880 | ||||||
Amdocs Ltd. |
2,427 | 205,057 | ||||||
Cloudflare, Inc. - Class A (a) |
2,687 | 169,389 | ||||||
Cognizant Technology Solutions Corp. - Class A |
1,433 | 97,071 | ||||||
Fujitsu Ltd. |
700 | 82,360 | ||||||
Gartner, Inc. (a) |
1,776 | 610,251 | ||||||
International Business Machines Corp. |
2,175 | 305,153 | ||||||
MongoDB, Inc. (a) |
307 | 106,179 | ||||||
Obic Co. Ltd. |
1,000 | 152,142 | ||||||
Okta, Inc. (a) |
2,460 | 200,515 | ||||||
Shopify, Inc. - Class A (a) |
2,486 | 135,698 |
BHFTI-295
Table of Contents
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
IT Services(Continued) | ||||||||
Snowflake, Inc. - Class A (a) |
778 | $ | 118,855 | |||||
Twilio, Inc. - Class A (a) (b) |
646 | 37,810 | ||||||
VeriSign, Inc. (a) |
824 | 166,885 | ||||||
|
|
|||||||
4,641,245 | ||||||||
|
|
|||||||
Leisure Products0.0% | ||||||||
Shimano, Inc. |
800 | 108,022 | ||||||
|
|
|||||||
Life Sciences Tools & Services0.5% | ||||||||
Agilent Technologies, Inc. |
2,091 | 233,816 | ||||||
Bachem Holding AG |
393 | 28,973 | ||||||
Danaher Corp. |
5,664 | 1,405,238 | ||||||
Illumina, Inc. (a) |
466 | 63,972 | ||||||
IQVIA Holdings, Inc. (a) |
534 | 105,065 | ||||||
Lonza Group AG |
215 | 99,469 | ||||||
Medpace Holdings, Inc. (a) |
1,337 | 323,728 | ||||||
Mettler-Toledo International, Inc. (a) |
173 | 191,696 | ||||||
Thermo Fisher Scientific, Inc. (b) |
3,356 | 1,698,707 | ||||||
Waters Corp. (a) (b) |
1,029 | 282,162 | ||||||
|
|
|||||||
4,432,826 | ||||||||
|
|
|||||||
Machinery1.1% | ||||||||
Allison Transmission Holdings, Inc. |
3,596 | 212,380 | ||||||
Atlas Copco AB - A Shares |
40,785 | 546,432 | ||||||
AutoStore Holdings Ltd. (a) |
93,456 | 131,355 | ||||||
Caterpillar, Inc. |
6,533 | 1,783,509 | ||||||
Daimler Truck Holding AG |
2,283 | 79,176 | ||||||
Deere & Co. |
3,558 | 1,342,718 | ||||||
Epiroc AB - A Shares |
5,457 | 103,288 | ||||||
FANUC Corp. |
2,900 | 75,699 | ||||||
Graco, Inc. |
3,489 | 254,278 | ||||||
IDEX Corp. |
794 | 165,168 | ||||||
Illinois Tool Works, Inc. |
4,023 | 926,537 | ||||||
Komatsu Ltd. |
6,700 | 181,065 | ||||||
Lincoln Electric Holdings, Inc. |
1,080 | 196,333 | ||||||
Nordson Corp. |
1,514 | 337,879 | ||||||
Otis Worldwide Corp. |
15,721 | 1,262,554 | ||||||
PACCAR, Inc. |
6,906 | 587,148 | ||||||
Parker-Hannifin Corp. |
3,158 | 1,230,104 | ||||||
SMC Corp. |
300 | 134,290 | ||||||
Snap-on, Inc. |
2,648 | 675,399 | ||||||
Sumitomo Heavy Industries Ltd. |
3,100 | 78,592 | ||||||
Techtronic Industries Co. Ltd. |
9,000 | 87,381 | ||||||
Toro Co. |
1,704 | 141,602 | ||||||
Volvo AB - B Shares |
8,854 | 182,257 | ||||||
|
|
|||||||
10,715,144 | ||||||||
|
|
|||||||
Marine Transportation0.0% | ||||||||
Mitsui OSK Lines Ltd. |
2,000 | 54,871 | ||||||
Nippon Yusen KK (b) |
5,100 | 132,158 | ||||||
|
|
|||||||
187,029 | ||||||||
|
|
|||||||
Media0.3% | ||||||||
Charter Communications, Inc. - Class A (a) |
877 | 385,722 | ||||||
Comcast Corp. - Class A |
39,936 | 1,770,762 | ||||||
Media(Continued) | ||||||||
Fox Corp. - Class A |
4,312 | 134,535 | ||||||
Liberty Broadband Corp. - Class C (a) (b) |
1,349 | 123,191 | ||||||
Omnicom Group, Inc. |
2,146 | 159,834 | ||||||
Trade Desk, Inc. - Class A (a) |
6,781 | 529,935 | ||||||
|
|
|||||||
3,103,979 | ||||||||
|
|
|||||||
Metals & Mining0.8% | ||||||||
Acerinox SA |
6,277 | 60,755 | ||||||
Agnico Eagle Mines Ltd. |
3,700 | 168,131 | ||||||
Allkem Ltd. (a) |
19,258 | 145,104 | ||||||
AMG Critical Materials NV |
2,304 | 69,203 | ||||||
Anglo American PLC |
5,001 | 138,459 | ||||||
ATI, Inc. (a) (b) |
4,938 | 203,199 | ||||||
BHP Group Ltd. |
32,675 | 926,518 | ||||||
Fortescue Metals Group Ltd. |
24,408 | 327,332 | ||||||
Franco-Nevada Corp. |
864 | 115,346 | ||||||
Freeport-McMoRan, Inc. |
32,389 | 1,207,786 | ||||||
Glencore PLC |
36,188 | 206,952 | ||||||
IGO Ltd. |
15,683 | 127,818 | ||||||
Iluka Resources Ltd. |
10,394 | 50,762 | ||||||
Kobe Steel Ltd. |
14,400 | 186,515 | ||||||
Mineral Resources Ltd. |
2,983 | 129,250 | ||||||
Mitsui Mining & Smelting Co. Ltd. |
1,500 | 38,127 | ||||||
Newmont Corp. (b) |
10,158 | 375,338 | ||||||
Nippon Steel Corp. |
5,100 | 119,530 | ||||||
Nucor Corp. (b) |
3,201 | 500,476 | ||||||
Pilbara Minerals Ltd. |
64,054 | 176,309 | ||||||
Reliance Steel & Aluminum Co. |
598 | 156,814 | ||||||
Rio Tinto Ltd. |
7,265 | 533,820 | ||||||
Rio Tinto PLC |
14,370 | 902,682 | ||||||
South32 Ltd. |
60,573 | 132,521 | ||||||
Steel Dynamics, Inc. |
5,330 | 571,483 | ||||||
Sumitomo Metal Mining Co. Ltd. |
4,900 | 144,100 | ||||||
|
|
|||||||
7,714,330 | ||||||||
|
|
|||||||
Multi-Utilities0.1% | ||||||||
Centrica PLC |
123,843 | 232,500 | ||||||
Dominion Energy, Inc. |
3,270 | 146,071 | ||||||
E.ON SE |
9,345 | 110,697 | ||||||
Engie SA |
23,799 | 364,920 | ||||||
National Grid PLC |
13,223 | 157,839 | ||||||
Sempra (b) |
3,026 | 205,859 | ||||||
WEC Energy Group, Inc. |
2,684 | 216,196 | ||||||
|
|
|||||||
1,434,082 | ||||||||
|
|
|||||||
Office REITs0.0% | ||||||||
Nippon Building Fund, Inc. (b) |
48 | 194,593 | ||||||
|
|
|||||||
Oil, Gas & Consumable Fuels2.3% | ||||||||
ARC Resources Ltd. (b) |
15,536 | 247,981 | ||||||
BP PLC |
150,284 | 970,361 | ||||||
Canadian Natural Resources Ltd. (b) |
13,983 | 904,301 | ||||||
Chevron Corp. |
11,373 | 1,917,715 | ||||||
ConocoPhillips |
30,155 | 3,612,569 | ||||||
Coterra Energy, Inc. |
50,331 | 1,361,454 | ||||||
Enbridge, Inc. |
7,083 | 234,927 |
BHFTI-296
Table of Contents
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Oil, Gas & Consumable Fuels(Continued) | ||||||||
Eni SpA |
30,694 | $ | 492,990 | |||||
EOG Resources, Inc. |
8,886 | 1,126,389 | ||||||
Equinor ASA |
18,912 | 620,060 | ||||||
Exxon Mobil Corp. |
25,610 | 3,011,224 | ||||||
Hess Corp. |
2,076 | 317,628 | ||||||
Imperial Oil Ltd. |
4,419 | 272,184 | ||||||
Inpex Corp. |
49,700 | 745,868 | ||||||
Keyera Corp. (b) |
5,595 | 131,364 | ||||||
Kinder Morgan, Inc. (b) |
12,825 | 212,638 | ||||||
Marathon Petroleum Corp. |
2,331 | 352,774 | ||||||
Neste Oyj |
1,959 | 66,527 | ||||||
OMV AG |
2,812 | 134,276 | ||||||
Parex Resources, Inc. |
3,299 | 61,912 | ||||||
Phillips 66 |
1,435 | 172,415 | ||||||
Repsol SA |
19,561 | 322,005 | ||||||
Shell PLC |
59,942 | 1,903,160 | ||||||
Shell PLC (Euro-Listed Shares) . |
10,539 | 339,711 | ||||||
Suncor Energy, Inc. (b) |
20,317 | 698,698 | ||||||
TC Energy Corp. (b) |
4,592 | 157,918 | ||||||
TotalEnergies SE |
22,854 | 1,503,961 | ||||||
Valero Energy Corp. (b) |
1,307 | 185,215 | ||||||
Woodside Energy Group Ltd. |
21,634 | 504,040 | ||||||
|
|
|||||||
22,582,265 | ||||||||
|
|
|||||||
Paper & Forest Products0.0% | ||||||||
UPM-Kymmene Oyj |
4,556 | 155,833 | ||||||
|
|
|||||||
Passenger Airlines0.0% | ||||||||
Ryanair Holdings PLC (ADR) (a) |
990 | 96,238 | ||||||
|
|
|||||||
Personal Care Products0.3% | ||||||||
Estee Lauder Cos., Inc. - Class A |
570 | 82,394 | ||||||
Haleon PLC |
16,068 | 66,675 | ||||||
Kao Corp. |
3,800 | 141,104 | ||||||
LOreal SA |
2,213 | 916,491 | ||||||
Rohto Pharmaceutical Co. Ltd. |
4,400 | 119,306 | ||||||
Shiseido Co. Ltd. |
2,000 | 70,211 | ||||||
Unilever PLC |
34,531 | 1,704,041 | ||||||
|
|
|||||||
3,100,222 | ||||||||
|
|
|||||||
Pharmaceuticals2.7% | ||||||||
Astellas Pharma, Inc. |
54,100 | 747,251 | ||||||
AstraZeneca PLC |
12,991 | 1,748,287 | ||||||
Bayer AG |
2,421 | 116,281 | ||||||
Bristol-Myers Squibb Co. |
12,475 | 724,049 | ||||||
Chugai Pharmaceutical Co. Ltd. |
3,500 | 108,448 | ||||||
Daiichi Sankyo Co. Ltd. |
4,500 | 123,506 | ||||||
Eisai Co. Ltd. |
1,300 | 72,169 | ||||||
Eli Lilly & Co. |
10,811 | 5,806,913 | ||||||
GSK PLC |
36,547 | 660,685 | ||||||
Ipsen SA |
1,040 | 136,217 | ||||||
Johnson & Johnson |
17,604 | 2,741,823 | ||||||
Merck & Co., Inc. |
39,712 | 4,088,350 | ||||||
Novartis AG |
20,423 | 2,084,043 | ||||||
Novo Nordisk AS |
30,004 | 2,729,339 | ||||||
Pfizer, Inc. (b) |
33,906 | 1,124,662 | ||||||
Pharmaceuticals(Continued) | ||||||||
Recordati Industria Chimica e Farmaceutica SpA |
4,980 | 234,782 | ||||||
Roche Holding AG |
4,136 | 1,128,157 | ||||||
Sanofi |
10,936 | 1,173,457 | ||||||
Takeda Pharmaceutical Co. Ltd. |
6,100 | 189,441 | ||||||
Viatris, Inc. |
4,837 | 47,693 | ||||||
Zoetis, Inc. |
4,385 | 762,902 | ||||||
|
|
|||||||
26,548,455 | ||||||||
|
|
|||||||
Professional Services0.3% | ||||||||
Automatic Data Processing, Inc. |
3,381 | 813,401 | ||||||
BayCurrent Consulting, Inc. |
8,600 | 287,354 | ||||||
Bureau Veritas SA |
5,232 | 129,605 | ||||||
Experian PLC |
2,410 | 78,733 | ||||||
Paychex, Inc. |
4,053 | 467,432 | ||||||
Recruit Holdings Co. Ltd. |
3,900 | 120,098 | ||||||
RELX PLC |
21,829 | 736,174 | ||||||
SS&C Technologies Holdings, Inc. |
2,166 | 113,802 | ||||||
TechnoPro Holdings, Inc. |
4,100 | 89,131 | ||||||
Verisk Analytics, Inc. |
943 | 222,774 | ||||||
Wolters Kluwer NV |
2,688 | 325,532 | ||||||
|
|
|||||||
3,384,036 | ||||||||
|
|
|||||||
Real Estate Management & Development0.1% | ||||||||
CK Asset Holdings Ltd. |
28,000 | 147,276 | ||||||
CoStar Group, Inc. (a) |
1,448 | 111,337 | ||||||
Mitsui Fudosan Co. Ltd. |
6,700 | 147,570 | ||||||
Sagax AB - Class B |
4,476 | 85,156 | ||||||
Vonovia SE |
1,910 | 46,034 | ||||||
|
|
|||||||
537,373 | ||||||||
|
|
|||||||
Residential REITs0.0% | ||||||||
Equity LifeStyle Properties, Inc. (b) |
4,018 | 255,987 | ||||||
|
|
|||||||
Retail REITs0.0% | ||||||||
Simon Property Group, Inc. |
1,516 | 163,773 | ||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment2.9% | ||||||||
Advanced Micro Devices, Inc. (a) |
18,536 | 1,905,871 | ||||||
Analog Devices, Inc. |
2,287 | 400,431 | ||||||
Applied Materials, Inc. |
6,484 | 897,710 | ||||||
ASML Holding NV |
3,399 | 1,996,026 | ||||||
Axcelis Technologies, Inc. (a) |
656 | 106,961 | ||||||
Broadcom, Inc. |
3,890 | 3,230,956 | ||||||
Enphase Energy, Inc. (a) (b) |
1,442 | 173,256 | ||||||
First Solar, Inc. (a) |
8,082 | 1,305,970 | ||||||
Infineon Technologies AG |
3,209 | 106,426 | ||||||
Intel Corp. |
36,661 | 1,303,299 | ||||||
KLA Corp. |
1,302 | 597,175 | ||||||
Lam Research Corp. |
2,806 | 1,758,717 | ||||||
Lasertec Corp. |
1,500 | 232,886 | ||||||
Marvell Technology, Inc. |
3,089 | 167,208 | ||||||
Microchip Technology, Inc. |
5,118 | 399,460 | ||||||
Micron Technology, Inc. |
2,857 | 194,362 | ||||||
NVIDIA Corp. |
22,469 | 9,773,790 | ||||||
NXP Semiconductors NV |
2,527 | 505,198 | ||||||
QUALCOMM, Inc. |
5,981 | 664,250 |
BHFTI-297
Table of Contents
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Semiconductors & Semiconductor Equipment(Continued) | ||||||||
Rambus, Inc. (a) |
1,962 | $ | 109,460 | |||||
Taiwan Semiconductor Manufacturing Co. Ltd. (ADR) (b) |
4,827 | 419,466 | ||||||
Texas Instruments, Inc. |
10,357 | 1,646,867 | ||||||
Tokyo Electron Ltd. |
3,000 | 408,254 | ||||||
|
|
|||||||
28,303,999 | ||||||||
|
|
|||||||
Software4.4% | ||||||||
Adobe, Inc. (a) |
5,670 | 2,891,133 | ||||||
Autodesk, Inc. (a) |
628 | 129,939 | ||||||
Bill Holdings, Inc. (a) (b) |
538 | 58,411 | ||||||
Cadence Design Systems, Inc. (a) |
5,475 | 1,282,792 | ||||||
Check Point Software Technologies Ltd. (a) |
2,811 | 374,650 | ||||||
Constellation Software, Inc. |
208 | 429,410 | ||||||
Crowdstrike Holdings, Inc. - Class A (a) (b) |
7,973 | 1,334,521 | ||||||
Datadog, Inc. - Class A (a) (b) |
5,605 | 510,559 | ||||||
DocuSign, Inc. (a) |
713 | 29,946 | ||||||
Dropbox, Inc. - Class A (a) (b) |
3,189 | 86,836 | ||||||
Dynatrace, Inc. (a) |
4,686 | 218,977 | ||||||
Fair Isaac Corp. (a) |
1,034 | 898,060 | ||||||
Fortinet, Inc. (a) (b) |
11,632 | 682,566 | ||||||
HubSpot, Inc. (a) (b) |
592 | 291,560 | ||||||
Intuit, Inc. |
4,095 | 2,092,299 | ||||||
Microsoft Corp. |
68,277 | 21,558,463 | ||||||
Nice Ltd. (ADR) (a) (b) |
508 | 86,360 | ||||||
Oracle Corp. |
23,896 | 2,531,064 | ||||||
Oracle Corp. Japan |
1,700 | 126,749 | ||||||
Palantir Technologies, Inc. - Class A (a) (b) |
7,166 | 114,656 | ||||||
Palo Alto Networks, Inc. (a) (b) |
4,295 | 1,006,920 | ||||||
Progress Software Corp. (b) |
2,418 | 127,138 | ||||||
Roper Technologies, Inc. |
709 | 343,355 | ||||||
Salesforce, Inc. (a) |
9,421 | 1,910,390 | ||||||
SAP SE |
6,322 | 820,634 | ||||||
ServiceNow, Inc. (a) |
2,208 | 1,234,184 | ||||||
Splunk, Inc. (a) |
951 | 139,084 | ||||||
Synopsys, Inc. (a) |
1,287 | 590,694 | ||||||
Teradata Corp. (a) |
1,931 | 86,934 | ||||||
Workday, Inc. - Class A (a) |
787 | 169,087 | ||||||
Zoom Video Communications, Inc. - Class A (a) (b) |
540 | 37,768 | ||||||
Zscaler, Inc. (a) |
3,053 | 475,016 | ||||||
|
|
|||||||
42,670,155 | ||||||||
|
|
|||||||
Specialized REITs0.1% | ||||||||
American Tower Corp. |
3,515 | 578,042 | ||||||
Crown Castle, Inc. |
1,045 | 96,172 | ||||||
Digital Realty Trust, Inc. (b) |
913 | 110,491 | ||||||
Equinix, Inc. |
220 | 159,777 | ||||||
Public Storage (b) |
716 | 188,680 | ||||||
SBA Communications Corp. |
334 | 66,857 | ||||||
Weyerhaeuser Co. |
4,755 | 145,788 | ||||||
|
|
|||||||
1,345,807 | ||||||||
|
|
|||||||
Specialty Retail0.9% | ||||||||
AutoZone, Inc. (a) |
222 | 563,878 | ||||||
Fast Retailing Co. Ltd. |
600 | 130,684 | ||||||
H & M Hennes & Mauritz AB - B Shares |
3,294 | 46,833 | ||||||
Home Depot, Inc. |
9,966 | 3,011,327 | ||||||
Specialty Retail(Continued) | ||||||||
Industria de Diseno Textil SA |
19,975 | 743,456 | ||||||
Lowes Cos., Inc. |
2,504 | 520,431 | ||||||
OReilly Automotive, Inc. (a) |
1,616 | 1,468,718 | ||||||
Ross Stores, Inc. |
1,272 | 143,672 | ||||||
Sanrio Co. Ltd. |
2,200 | 104,352 | ||||||
TJX Cos., Inc. |
16,428 | 1,460,121 | ||||||
USS Co. Ltd. |
6,300 | 104,169 | ||||||
|
|
|||||||
8,297,641 | ||||||||
|
|
|||||||
Technology Hardware, Storage & Peripherals2.1% | ||||||||
Apple, Inc. |
115,865 | 19,837,247 | ||||||
Hewlett Packard Enterprise Co. |
18,488 | 321,136 | ||||||
HP, Inc. |
5,421 | 139,320 | ||||||
Pure Storage, Inc. - Class A (a) |
5,834 | 207,807 | ||||||
|
|
|||||||
20,505,510 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods0.6% | ||||||||
Adidas AG |
562 | 98,948 | ||||||
Cie Financiere Richemont SA - Class A |
1,767 | 215,296 | ||||||
Crocs, Inc. (a) (b) |
1,224 | 107,993 | ||||||
Goldwin, Inc. |
900 | 60,993 | ||||||
Hermes International SCA |
279 | 507,193 | ||||||
Kering SA |
234 | 106,391 | ||||||
Lululemon Athletica, Inc. (a) |
3,536 | 1,363,517 | ||||||
LVMH Moet Hennessy Louis Vuitton SE |
2,100 | 1,584,296 | ||||||
Moncler SpA |
4,216 | 244,720 | ||||||
NIKE, Inc. - Class B |
13,318 | 1,273,467 | ||||||
VF Corp. (b) |
1,341 | 23,695 | ||||||
|
|
|||||||
5,586,509 | ||||||||
|
|
|||||||
Tobacco0.1% | ||||||||
Altria Group, Inc. |
4,638 | 195,028 | ||||||
British American Tobacco PLC |
5,738 | 180,127 | ||||||
Imperial Brands PLC |
4,253 | 86,365 | ||||||
Philip Morris International, Inc. |
3,546 | 328,289 | ||||||
|
|
|||||||
789,809 | ||||||||
|
|
|||||||
Trading Companies & Distributors0.5% | ||||||||
Ashtead Group PLC |
1,692 | 102,844 | ||||||
Brenntag SE |
3,335 | 258,980 | ||||||
Fastenal Co. |
10,297 | 562,628 | ||||||
Ferguson PLC |
1,107 | 182,019 | ||||||
ITOCHU Corp. |
10,100 | 364,915 | ||||||
Marubeni Corp. |
12,500 | 194,808 | ||||||
Mitsubishi Corp. |
2,400 | 114,338 | ||||||
Mitsui & Co. Ltd. |
9,800 | 355,192 | ||||||
MSC Industrial Direct Co., Inc. - Class A |
1,843 | 180,890 | ||||||
Rexel SA |
4,205 | 94,112 | ||||||
Sumitomo Corp. (b) |
24,700 | 492,729 | ||||||
Toromont Industries Ltd. |
4,252 | 346,296 | ||||||
Toyota Tsusho Corp. |
3,700 | 217,460 | ||||||
United Rentals, Inc. |
493 | 219,173 | ||||||
Watsco, Inc. (b) |
419 | 158,265 | ||||||
WW Grainger, Inc. |
914 | 632,342 | ||||||
|
|
|||||||
4,476,991 | ||||||||
|
|
BHFTI-298
Table of Contents
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares/ Principal Amount* |
Value | ||||||
Transportation Infrastructure0.0% | ||||||||
Grupo Aeroportuario del Pacifico SAB de CV (ADR) (b) |
604 | $ | 99,279 | |||||
|
|
|||||||
Water Utilities0.0% | ||||||||
American Water Works Co., Inc. (b) |
2,502 | 309,823 | ||||||
|
|
|||||||
Wireless Telecommunication Services0.1% | ||||||||
KDDI Corp. |
24,300 | 743,854 | ||||||
SoftBank Group Corp. |
3,800 | 160,822 | ||||||
T-Mobile U.S., Inc. (a) (b) |
1,568 | 219,598 | ||||||
Vodafone Group PLC |
81,824 | 76,407 | ||||||
|
|
|||||||
1,200,681 | ||||||||
|
|
|||||||
Total Common Stocks |
431,574,195 | |||||||
|
|
|||||||
Corporate Bonds & Notes37.3% |
| |||||||
Aerospace/Defense0.1% | ||||||||
Boeing Co. |
1,935,000 | 1,284,012 | ||||||
|
|
|||||||
Agriculture0.4% | ||||||||
Altria Group, Inc. |
1,171,000 | 1,085,625 | ||||||
BAT Capital Corp. |
1,303,000 | 997,066 | ||||||
Bunge Ltd. Finance Corp. |
1,865,000 | 1,510,553 | ||||||
|
|
|||||||
3,593,244 | ||||||||
|
|
|||||||
Auto Manufacturers0.3% | ||||||||
Ford Motor Credit Co. LLC |
3,043,000 | 2,715,469 | ||||||
|
|
|||||||
Auto Parts & Equipment0.4% | ||||||||
Aptiv PLC/Aptiv Corp. |
609,000 | 499,281 | ||||||
Magna International, Inc. |
3,794,000 | 3,707,270 | ||||||
|
|
|||||||
4,206,551 | ||||||||
|
|
|||||||
Banks11.1% | ||||||||
Banco Santander SA |
2,200,000 | 1,639,330 | ||||||
Bank of America Corp. |
10,136,000 | 8,444,664 | ||||||
4.375%, 5Y H15 + 2.760%, 01/27/27 (c) |
10,359,000 | 8,681,349 | ||||||
Bank of Ireland Group PLC |
5,646,000 | 4,946,315 | ||||||
Bank of New York Mellon Corp. |
3,922,000 | 3,616,433 | ||||||
Barclays PLC |
2,026,000 | 1,946,738 | ||||||
Citigroup, Inc. |
5,457,000 | 4,425,708 | ||||||
Banks(Continued) | ||||||||
Deutsche Bank AG |
2,642,000 | 2,300,611 | ||||||
6.720%, SOFR + 3.180%, 01/18/29 (c) |
678,000 | 673,970 | ||||||
7.079%, SOFR + 3.650%, 02/10/34 (b) (c) |
678,000 | 612,737 | ||||||
7.146%, SOFR + 2.520%, 07/13/27 (c) |
2,162,000 | 2,176,635 | ||||||
Fifth Third Bancorp |
450,000 | 444,540 | ||||||
JPMorgan Chase & Co. |
5,587,000 | 4,237,030 | ||||||
3.650%, 5Y H15 + 2.850%, 06/01/26 (c) |
3,695,000 | 3,225,136 | ||||||
M&T Bank Corp. |
1,654,000 | 1,354,775 | ||||||
Manufacturers & Traders Trust Co. |
4,596,000 | 4,035,058 | ||||||
Morgan Stanley |
1,219,000 | 905,472 | ||||||
2.511%, SOFR + 1.200%, 10/20/32 (b) (c) |
1,761,000 | 1,346,746 | ||||||
2.699%, SOFR + 1.143%, 01/22/31 (c) |
4,389,000 | 3,588,494 | ||||||
2.943%, SOFR + 1.290%, 01/21/33 (c) |
3,234,000 | 2,546,800 | ||||||
5.250%, SOFR + 1.870%, 04/21/34 (c) |
1,581,000 | 1,467,927 | ||||||
NatWest Group PLC |
2,333,000 | 2,080,959 | ||||||
PNC Financial Services Group, Inc. |
1,037,000 | 940,403 | ||||||
5.582%, SOFR + 1.841%, 06/12/29 (b) (c) |
322,000 | 312,377 | ||||||
6.200%, 5Y H15 + 3.238%, 09/15/27 (c) |
4,387,000 | 4,031,676 | ||||||
Societe Generale SA |
1,538,000 | 1,355,684 | ||||||
2.797%, 1Y H15 + 1.300%, 01/19/28 (144A) (b) (c) |
1,449,000 | 1,287,751 | ||||||
Truist Financial Corp. |
10,078,000 | 8,639,127 | ||||||
4.916%, SOFR + 2.240%, 07/28/33 (b) (c) |
1,543,000 | 1,308,953 | ||||||
U.S. Bancorp |
1,025,000 | 902,468 | ||||||
5.836%, SOFR + 2.260%, 06/12/34 (c) |
2,305,000 | 2,173,960 | ||||||
UBS Group AG |
1,000,000 | 886,808 | ||||||
2.593%, SOFR + 1.560%, 09/11/25 (144A) (c) |
2,281,000 | 2,195,416 | ||||||
3.091%, SOFR + 1.730%, 05/14/32 (144A) (c) |
4,835,000 | 3,818,921 | ||||||
3.126%, 3M LIBOR + 1.468%, 08/13/30 (144A) (b) (c) |
1,378,000 | 1,158,437 | ||||||
4.550%, 04/17/26 |
545,000 | 523,448 | ||||||
UniCredit SpA |
2,487,000 | 2,196,945 | ||||||
Wells Fargo & Co. |
2,483,000 | 2,007,117 | ||||||
3.900%, 5Y H15 + 3.453%, 03/15/26 (b) (c) |
7,368,000 | 6,434,830 | ||||||
4.897%, SOFR + 2.100%, 07/25/33 (c) |
1,722,000 | 1,558,410 | ||||||
5.389%, SOFR + 2.020%, 04/24/34 (c) |
2,420,000 | 2,262,476 | ||||||
|
|
|||||||
108,692,634 | ||||||||
|
|
|||||||
Beverages1.1% | ||||||||
Anheuser-Busch InBev Worldwide, Inc. |
9,294,000 | 7,652,851 | ||||||
Bacardi Ltd./Bacardi-Martini BV |
1,815,000 | 1,700,701 |
BHFTI-299
Table of Contents
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Beverages(Continued) | ||||||||
JDE Peets NV |
1,519,000 | $ | 1,128,899 | |||||
|
|
|||||||
10,482,451 | ||||||||
|
|
|||||||
Building Materials0.2% | ||||||||
Trane Technologies Financing Ltd. |
1,935,000 | 1,870,848 | ||||||
|
|
|||||||
Chemicals0.1% | ||||||||
Westlake Corp. |
1,131,000 | 959,855 | ||||||
|
|
|||||||
Commercial Services0.3% | ||||||||
Quanta Services, Inc. |
2,358,000 | 1,923,279 | ||||||
S&P Global, Inc. |
500,000 | 424,793 | ||||||
Transurban Finance Co. Pty. Ltd. |
1,116,000 | 881,810 | ||||||
|
|
|||||||
3,229,882 | ||||||||
|
|
|||||||
Cosmetics/Personal Care0.5% | ||||||||
Estee Lauder Cos., Inc. |
1,085,000 | 1,012,012 | ||||||
Haleon U.S. Capital LLC |
4,102,000 | 3,805,628 | ||||||
|
|
|||||||
4,817,640 | ||||||||
|
|
|||||||
Diversified Financial Services0.8% | ||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust |
1,118,000 | 1,008,962 | ||||||
3.000%, 10/29/28 (b) |
3,194,000 | 2,738,785 | ||||||
Aircastle Ltd. |
773,000 | 758,064 | ||||||
Capital One Financial Corp. |
794,000 | 755,810 | ||||||
Discover Financial Services |
2,804,000 | 2,710,432 | ||||||
|
|
|||||||
7,972,053 | ||||||||
|
|
|||||||
Electric1.5% | ||||||||
AES Corp. |
928,000 | 826,397 | ||||||
3.300%, 07/15/25 (144A) (b) |
2,086,000 | 1,975,810 | ||||||
Berkshire Hathaway Energy Co. |
345,000 | 352,823 | ||||||
CenterPoint Energy Houston Electric LLC |
1,429,000 | 870,455 | ||||||
NextEra Energy Capital Holdings, Inc. |
1,243,000 | 961,595 | ||||||
NRG Energy, Inc. |
2,705,000 | 2,292,939 | ||||||
Pacific Gas & Electric Co. |
1,000,000 | 930,154 | ||||||
3.300%, 08/01/40 (b) |
3,059,000 | 1,958,596 | ||||||
Electric(Continued) | ||||||||
PG&E Energy Recovery Funding LLC |
1,624,000 | 1,181,680 | ||||||
2.822%, 07/15/46 |
2,151,000 | 1,408,733 | ||||||
Sempra |
2,000,000 | 1,554,155 | ||||||
Southern California Edison Co. |
500,000 | 465,400 | ||||||
5.500%, 03/15/40 (b) |
335,000 | 307,010 | ||||||
|
|
|||||||
15,085,747 | ||||||||
|
|
|||||||
Electronics0.4% | ||||||||
Amphenol Corp. |
4,375,000 | 3,713,249 | ||||||
|
|
|||||||
Entertainment0.4% | ||||||||
Warnermedia Holdings, Inc. |
1,938,000 | 1,498,827 | ||||||
5.141%, 03/15/52 |
1,124,000 | 835,177 | ||||||
5.391%, 03/15/62 |
1,468,000 | 1,084,241 | ||||||
|
|
|||||||
3,418,245 | ||||||||
|
|
|||||||
Food0.2% | ||||||||
Flowers Foods, Inc. |
1,803,000 | 1,417,340 | ||||||
|
|
|||||||
Gas0.1% | ||||||||
NiSource, Inc. |
1,231,000 | 920,598 | ||||||
|
|
|||||||
Hand/Machine Tools0.2% | ||||||||
Stanley Black & Decker, Inc. |
2,255,000 | 1,874,479 | ||||||
|
|
|||||||
Healthcare-Services0.4% | ||||||||
HCA, Inc. |
3,007,000 | 2,301,525 | ||||||
4.625%, 03/15/52 (b) |
1,220,000 | 915,971 | ||||||
UnitedHealth Group, Inc. |
1,000,000 | 912,721 | ||||||
|
|
|||||||
4,130,217 | ||||||||
|
|
|||||||
Insurance0.9% | ||||||||
Corebridge Financial, Inc. |
1,196,000 | 1,145,756 | ||||||
Five Corners Funding Trust III |
4,070,000 | 3,992,966 | ||||||
Hartford Financial Services Group, Inc. |
1,285,000 | 755,813 | ||||||
High Street Funding Trust II |
1,250,000 | 913,803 | ||||||
Prudential Financial, Inc. |
1,827,000 | 1,573,311 | ||||||
|
|
|||||||
8,381,649 | ||||||||
|
|
BHFTI-300
Table of Contents
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Internet0.1% | ||||||||
Expedia Group, Inc. |
411,000 | $ | 331,120 | |||||
4.625%, 08/01/27 (b) |
652,000 | 621,737 | ||||||
|
|
|||||||
952,857 | ||||||||
|
|
|||||||
Iron/Steel0.3% | ||||||||
Nucor Corp. |
3,902,000 | 3,225,434 | ||||||
|
|
|||||||
Lodging0.5% | ||||||||
Las Vegas Sands Corp. |
4,495,000 | 4,348,736 | ||||||
|
|
|||||||
Machinery-Diversified0.2% | ||||||||
Xylem, Inc. |
1,835,000 | 1,460,756 | ||||||
|
|
|||||||
Media0.9% | ||||||||
Charter Communications Operating LLC/Charter Communications Operating Capital |
6,000,000 | 3,491,357 | ||||||
Comcast Corp. |
2,959,000 | 1,743,857 | ||||||
Discovery Communications LLC |
1,525,000 | 1,290,819 | ||||||
4.125%, 05/15/29 (b) |
2,621,000 | 2,341,928 | ||||||
|
|
|||||||
8,867,961 | ||||||||
|
|
|||||||
Mining0.2% | ||||||||
Barrick North America Finance LLC |
2,247,000 | 2,162,022 | ||||||
|
|
|||||||
Oil & Gas2.2% | ||||||||
BP Capital Markets America, Inc. |
2,753,000 | 2,576,479 | ||||||
BP Capital Markets PLC |
982,000 | 936,475 | ||||||
Canadian Natural Resources Ltd. |
2,106,000 | 1,746,701 | ||||||
Cenovus Energy, Inc. |
855,000 | 664,358 | ||||||
ConocoPhillips Co. |
892,000 | 819,148 | ||||||
Continental Resources, Inc. |
2,394,000 | 1,792,745 | ||||||
4.375%, 01/15/28 (b) |
1,596,000 | 1,480,287 | ||||||
5.750%, 01/15/31 (144A) (b) |
507,000 | 476,304 | ||||||
Diamondback Energy, Inc. |
2,336,000 | 1,945,845 | ||||||
4.250%, 03/15/52 |
1,585,000 | 1,125,526 | ||||||
EQT Corp. |
833,000 | 816,411 | ||||||
6.125%, 02/01/25 (b) |
2,303,000 | 2,295,057 | ||||||
Marathon Petroleum Corp. |
2,723,000 | 2,018,392 | ||||||
Oil & Gas(Continued) | ||||||||
Phillips 66 Co. |
1,726,000 | 1,651,664 | ||||||
Valero Energy Corp. |
1,705,000 | 1,579,333 | ||||||
|
|
|||||||
21,924,725 | ||||||||
|
|
|||||||
Packaging & Containers0.3% | ||||||||
Berry Global, Inc. |
1,986,000 | 1,707,004 | ||||||
CCL Industries, Inc. |
1,885,000 | 1,558,441 | ||||||
|
|
|||||||
3,265,445 | ||||||||
|
|
|||||||
Pharmaceuticals1.5% | ||||||||
AbbVie, Inc. |
3,705,000 | 2,933,108 | ||||||
Becton Dickinson & Co. |
1,581,000 | 1,331,049 | ||||||
Cigna Group |
3,839,000 | 3,722,086 | ||||||
CVS Health Corp. |
5,167,000 | 3,257,466 | ||||||
Pfizer Investment Enterprises Pte. Ltd. |
3,886,000 | 3,746,552 | ||||||
|
|
|||||||
14,990,261 | ||||||||
|
|
|||||||
Pipelines2.3% | ||||||||
Cheniere Corpus Christi Holdings LLC |
8,126,000 | 7,208,751 | ||||||
Energy Transfer LP |
744,000 | 705,165 | ||||||
4.950%, 05/15/28 (b) |
1,098,000 | 1,050,455 | ||||||
Kinder Morgan Energy Partners LP |
311,000 | 292,273 | ||||||
6.950%, 01/15/38 |
1,655,000 | 1,703,427 | ||||||
MPLX LP |
2,817,000 | 2,282,845 | ||||||
4.950%, 03/14/52 (b) |
4,864,000 | 3,805,337 | ||||||
5.000%, 03/01/33 |
249,000 | 226,898 | ||||||
ONEOK, Inc. |
903,000 | 832,798 | ||||||
Plains All American Pipeline LP/PAA Finance Corp. |
||||||||
3.550%, 12/15/29 (b) |
1,391,000 | 1,195,742 | ||||||
3.800%, 09/15/30 (b) |
1,084,000 | 931,099 | ||||||
Targa Resources Corp. |
2,537,000 | 2,157,180 | ||||||
|
|
|||||||
22,391,970 | ||||||||
|
|
|||||||
Real Estate Investment Trusts4.7% | ||||||||
Alexandria Real Estate Equities, Inc. |
2,419,000 | 1,712,510 | ||||||
2.950%, 03/15/34 (b) |
4,689,000 | 3,560,608 | ||||||
4.750%, 04/15/35 (b) |
599,000 | 526,645 | ||||||
American Tower Corp. |
6,606,000 | 5,141,282 |
BHFTI-301
Table of Contents
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Real Estate Investment Trusts(Continued) | ||||||||
Boston Properties LP |
2,182,000 | $ | 1,716,128 | |||||
3.400%, 06/21/29 (b) |
1,000,000 | 837,486 | ||||||
4.500%, 12/01/28 (b) |
2,671,000 | 2,418,481 | ||||||
Crown Castle, Inc. |
6,806,000 | 5,281,912 | ||||||
Digital Realty Trust LP |
2,306,000 | 2,037,324 | ||||||
3.700%, 08/15/27 (b) |
2,492,000 | 2,301,368 | ||||||
Equinix, Inc. |
6,801,000 | 5,341,720 | ||||||
Essex Portfolio LP |
3,000,000 | 2,308,872 | ||||||
Highwoods Realty LP |
1,424,000 | 1,206,612 | ||||||
Mid-America Apartments LP |
2,000,000 | 1,682,375 | ||||||
Piedmont Operating Partnership LP |
1,863,000 | 1,311,932 | ||||||
9.250%, 07/20/28 (b) |
1,592,000 | 1,606,846 | ||||||
Prologis LP |
2,484,000 | 1,930,740 | ||||||
Realty Income Corp. |
1,976,000 | 1,805,594 | ||||||
Welltower OP LLC |
4,419,000 | 3,652,604 | ||||||
|
|
|||||||
46,381,039 | ||||||||
|
|
|||||||
Retail0.5% | ||||||||
Dollar General Corp. |
1,944,000 | 1,795,394 | ||||||
Ross Stores, Inc. |
1,390,000 | 1,060,492 | ||||||
Tractor Supply Co. |
1,350,000 | 1,025,618 | ||||||
5.250%, 05/15/33 (b) |
950,000 | 897,042 | ||||||
|
|
|||||||
4,778,546 | ||||||||
|
|
|||||||
Semiconductors0.7% | ||||||||
Broadcom, Inc. |
3,032,000 | 2,260,914 | ||||||
NXP B.V. / NXP Funding LLC / NXP USA, Inc. |
1,746,000 | 1,493,063 | ||||||
QUALCOMM, Inc. |
3,000,000 | 2,247,095 | ||||||
5.400%, 05/20/33 (b) |
1,110,000 | 1,113,414 | ||||||
|
|
|||||||
7,114,486 | ||||||||
|
|
|||||||
Software0.7% | ||||||||
Oracle Corp. |
1,087,000 | 703,128 | ||||||
4.650%, 05/06/30 (b) |
2,401,000 | 2,245,375 | ||||||
Software(Continued) | ||||||||
VMware, Inc. |
4,864,000 | 3,670,526 | ||||||
|
|
|||||||
6,619,029 | ||||||||
|
|
|||||||
Telecommunications2.8% | ||||||||
AT&T, Inc. |
9,197,000 | 6,389,433 | ||||||
4.850%, 03/01/39 (b) |
2,000,000 | 1,692,333 | ||||||
Rogers Communications, Inc. |
10,591,000 | 7,725,294 | ||||||
T-Mobile USA, Inc. |
9,601,000 | 8,506,207 | ||||||
Telefonica Emisiones SA |
1,000,000 | 796,465 | ||||||
Verizon Communications, Inc. |
4,033,000 | 2,653,804 | ||||||
|
|
|||||||
27,763,536 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
365,012,966 | |||||||
|
|
|||||||
U.S. Treasury & Government Agencies4.7% |
| |||||||
U.S. Treasury4.7% | ||||||||
U.S. Treasury Inflation-Indexed Notes |
47,267,740 | 45,889,405 | ||||||
|
|
|||||||
Preferred Stocks0.0% |
| |||||||
Household Products0.0% | ||||||||
Henkel AG & Co. KGaA |
2,064 | 147,312 | ||||||
|
|
|||||||
Life Sciences Tools & Services0.0% | ||||||||
Sartorius AG |
214 | 72,618 | ||||||
|
|
|||||||
Total Preferred Stocks |
219,930 | |||||||
|
|
|||||||
Warrants0.0% |
| |||||||
Software0.0% | ||||||||
Constellation Software, Inc. Expires 03/31/40 (a) |
208 | 0 | ||||||
|
|
|||||||
Short-Term Investments9.6% |
| |||||||
Foreign Government0.3% | ||||||||
Canada Treasury Bill |
4,309,000 | 3,142,358 | ||||||
|
|
BHFTI-302
Table of Contents
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Short-Term Investments(Continued)
Security Description | Principal Amount* |
Value | ||||||
Repurchase Agreement1.5% | ||||||||
Fixed Income Clearing Corp. |
14,890,456 | $ | 14,890,456 | |||||
|
|
|||||||
U.S. Treasury7.8% | ||||||||
U.S. Treasury Bills |
36,757,000 | 36,361,964 | ||||||
5.334%, 01/11/24 (b) (e) |
40,721,000 | 40,115,216 | ||||||
|
|
|||||||
76,477,180 | ||||||||
|
|
|||||||
Total Short-Term Investments |
94,509,994 | |||||||
|
|
|||||||
Securities Lending Reinvestments (f)11.6% |
| |||||||
Certificates of Deposit5.1% | ||||||||
Bank of America N.A. |
2,000,000 | 2,000,270 | ||||||
Bank of Montreal |
4,000,000 | 4,002,572 | ||||||
Barclays Bank PLC |
3,000,000 | 3,000,216 | ||||||
BNP Paribas SA |
5,000,000 | 4,999,760 | ||||||
Canadian Imperial Bank of Commerce (NY) |
4,000,000 | 4,000,392 | ||||||
Citibank N.A. |
2,000,000 | 2,000,150 | ||||||
Credit Industriel et Commercial |
4,000,000 | 3,999,648 | ||||||
Mizuho Bank Ltd. |
4,000,000 | 4,000,196 | ||||||
Nordea Bank Abp |
3,000,000 | 3,000,456 | ||||||
Oversea-Chinese Banking Corp. Ltd. |
4,000,000 | 4,000,584 | ||||||
Royal Bank of Canada |
2,000,000 | 2,001,540 | ||||||
Sumitomo Mitsui Banking Corp. |
3,000,000 | 3,002,793 | ||||||
Sumitomo Mitsui Trust Bank Ltd. |
4,000,000 | 4,000,212 | ||||||
Toronto-Dominion Bank |
2,000,000 | 2,001,160 | ||||||
5.780%, FEDEFF PRV + 0.450%, 10/13/23 (c) |
4,000,000 | 4,000,380 | ||||||
|
|
|||||||
50,010,329 | ||||||||
|
|
|||||||
Commercial Paper1.2% | ||||||||
National Australia Bank Ltd. |
4,000,000 | 4,000,880 | ||||||
Skandinaviska Enskilda Banken AB |
3,000,000 | 3,000,810 | ||||||
Commercial Paper(Continued) | ||||||||
UBS AG |
5,000,000 | 5,000,000 | ||||||
|
|
|||||||
12,001,690 | ||||||||
|
|
|||||||
Repurchase Agreements5.0% | ||||||||
Citigroup Global Markets, Inc. |
2,900,000 | 2,900,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $10,301,653; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $10,629,713. |
10,000,000 | 10,000,000 | ||||||
ING Financial Markets LLC |
10,096,995 | 10,096,995 | ||||||
National Bank of Canada |
5,400,000 | 5,400,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $16,016,956; collateralized by various Common Stock with an aggregate market value of $17,855,798. |
16,000,000 | 16,000,000 | ||||||
Royal Bank of Canada Toronto |
5,000,000 | 5,000,000 | ||||||
|
|
|||||||
49,396,995 | ||||||||
|
|
|||||||
Mutual Funds0.3% | ||||||||
HSBC U.S. Government Money Market Fund, Class |
2,000,000 | 2,000,000 | ||||||
Western Asset Institutional Government Reserves Fund, Institutional Class |
465,000 | 465,000 | ||||||
|
|
|||||||
2,465,000 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
113,874,014 | |||||||
|
|
|||||||
Total Investments107.3% |
1,051,080,504 | |||||||
Other assets and liabilities (net)(7.3)% |
(71,814,146 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 979,266,358 | ||||||
|
|
BHFTI-303
Table of Contents
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
(a) | Non-income producing security. | |||
(b) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $143,561,541 and the collateral received consisted of cash in the amount of $113,861,995 and non-cash collateral with a value of $34,395,594. The cash collateral investments are disclosed in the Consolidated Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third- party custodian, and cannot be sold or repledged by the Portfolio. | |||
(c) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
(d) | Principal amount of security is adjusted for inflation. | |||
(e) | The rate shown represents current yield to maturity. | |||
(f) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(g) | The rate shown represents the annualized seven-day yield as of September 30, 2023. | |||
(144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $37,579,673 which is 3.8% of net assets. |
Forward Foreign Currency Exchange Contracts
Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
AUD | 8,884,000 | JPMC |
10/26/23 | USD | 5,744,754 | $ | (28,482 | ) | ||||||||||||||
CAD | 7,252,181 | JPMC |
10/26/23 | USD | 5,394,523 | (53,460 | ) | |||||||||||||||
CHF | 6,624,000 | UBSA |
10/26/23 | USD | 7,410,366 | (156,156 | ) | |||||||||||||||
COP | 6,336,758,000 | GSI |
10/25/23 | USD | 1,597,006 | (53,820 | ) | |||||||||||||||
DKK | 9,189,000 | MSIP |
10/26/23 | USD | 1,319,285 | (15,156 | ) | |||||||||||||||
EUR | 37,315,103 | GSI |
10/26/23 | USD | 39,958,803 | (470,163 | ) | |||||||||||||||
GBP | 4,724,041 | MSIP |
10/26/23 | USD | 5,841,570 | (76,957 | ) | |||||||||||||||
GBP | 4,847,877 | MSIP |
10/26/23 | USD | 5,992,325 | (76,598 | ) | |||||||||||||||
GBP | 7,567,243 | MSIP |
10/26/23 | USD | 9,354,384 | (120,292 | ) | |||||||||||||||
HUF | 16,693,000 | JPMC |
10/26/23 | USD | 46,168 | (1,042 | ) | |||||||||||||||
ILS | 1,669,000 | UBSA |
10/26/23 | USD | 439,206 | (1,175 | ) | |||||||||||||||
JPY | 2,683,753,344 | MSIP |
10/26/23 | USD | 18,221,249 | (196,540 | ) | |||||||||||||||
NOK | 9,591,000 | UBSA |
10/26/23 | USD | 891,489 | 5,718 | ||||||||||||||||
SEK | 21,498,000 | MSIP |
10/26/23 | USD | 1,928,975 | 40,518 | ||||||||||||||||
TWD | 27,025,000 | JPMC |
10/25/23 | USD | 847,285 | (7,862 | ) | |||||||||||||||
Contracts to Deliver |
||||||||||||||||||||||
AUD | 291,000 | JPMC |
10/26/23 | USD | 188,172 | 933 | ||||||||||||||||
CAD | 118,000 | JPMC |
10/26/23 | USD | 87,774 | 870 | ||||||||||||||||
CZK | 4,070,000 | GSI |
10/26/23 | USD | 177,808 | 1,577 | ||||||||||||||||
EUR | 12,065,000 | GSI |
10/26/23 | USD | 12,919,781 | 152,017 | ||||||||||||||||
GBP | 993,800 | UBSA |
10/11/23 | USD | 1,268,658 | 56,066 | ||||||||||||||||
GBP | 3,944,078 | MSIP |
10/26/23 | USD | 4,875,543 | 62,697 | ||||||||||||||||
GBP | 2,526,733 | MSIP |
10/26/23 | USD | 3,123,224 | 39,923 | ||||||||||||||||
GBP | 2,462,189 | MSIP |
10/26/23 | USD | 3,044,649 | 40,110 | ||||||||||||||||
IDR | 11,057,320,000 | GSI |
10/25/23 | USD | 718,755 | 3,329 | ||||||||||||||||
INR | 67,130,000 | MSIP |
10/25/23 | USD | 807,171 | (443 | ) | |||||||||||||||
JPY | 770,766,000 | MSIP |
10/26/23 | USD | 5,233,089 | 56,446 | ||||||||||||||||
NZD | 247,000 | UBSA |
10/26/23 | USD | 146,632 | (1,408 | ) | |||||||||||||||
PHP | 11,963,000 | GSI |
10/25/23 | USD | 210,401 | (1,122 | ) | |||||||||||||||
PLN | 987,000 | UBSA |
10/26/23 | USD | 226,818 | 1,033 | ||||||||||||||||
SGD | 8,197,000 | MSIP |
10/26/23 | USD | 6,012,127 | 9,747 | ||||||||||||||||
THB | 20,474,000 | JPMC |
10/26/23 | USD | 568,328 | 4,960 | ||||||||||||||||
Cross Currency Contracts to Buy |
||||||||||||||||||||||
AUD | 7,684,000 | MSIP |
10/26/23 | CAD | 6,668,014 | 33,313 |
BHFTI-304
Table of Contents
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Forward Foreign Currency Exchange Contracts(Continued)
Cross Currency Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
AUD | 8,015,000 | MSIP |
10/26/23 | CAD | 6,970,469 | $ | 23,539 | |||||||||||||||
AUD | 298,427 | GSI |
10/26/23 | GBP | 156,682 | 823 | ||||||||||||||||
CAD | 6,854,000 | UBSA |
10/26/23 | EUR | 4,765,325 | 4,916 | ||||||||||||||||
CAD | 480,937 | MSIP |
10/26/23 | AUD | 553,000 | (1,620 | ) | |||||||||||||||
CAD | 6,643,000 | MSIP |
10/26/23 | EUR | 4,636,192 | (13,826 | ) | |||||||||||||||
CHF | 139,000 | UBSA |
10/26/23 | JPY | 22,845,094 | (1,208 | ) | |||||||||||||||
JPY | 348,831,340 | UBSA |
10/26/23 | EUR | 2,216,850 | (3,146 | ) | |||||||||||||||
|
|
|||||||||||||||||||||
Net Unrealized Depreciation |
|
$ | (741,941 | ) | ||||||||||||||||||
|
|
Futures Contracts
Futures ContractsLong |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
Energy Select Sector E-Mini Futures |
12/15/23 | 61 | USD | 5,828,550 | $ | (30,641 | ) | |||||||||||||
Euro STOXX 50 Index Futures |
12/15/23 | 673 | EUR | 28,292,920 | (392,195 | ) | ||||||||||||||
Euro-Bund Futures |
12/07/23 | 43 | EUR | 5,531,520 | (131,137 | ) | ||||||||||||||
Financial Select Sector E-Mini Futures |
12/15/23 | 26 | USD | 2,680,925 | (85,535 | ) | ||||||||||||||
FTSE 100 Index Futures |
12/15/23 | 228 | GBP | 17,489,880 | 45,861 | |||||||||||||||
NASDAQ 100 Index E-Mini Futures |
12/15/23 | 9 | USD | 2,675,970 | (131,007 | ) | ||||||||||||||
Nikkei 225 Index Futures |
12/07/23 | 22 | JPY | 700,920,000 | (128,143 | ) | ||||||||||||||
S&P 500 Index E-Mini Futures |
12/15/23 | 303 | USD | 65,531,325 | (2,945,467 | ) | ||||||||||||||
S&P TSX 60 Index Futures |
12/14/23 | 59 | CAD | 13,880,340 | (311,505 | ) | ||||||||||||||
SPI 200 Index Futures |
12/21/23 | 90 | AUD | 15,943,500 | (228,702 | ) | ||||||||||||||
TOPIX Index Futures |
12/07/23 | 93 | JPY | 2,160,855,000 | (180,732 | ) | ||||||||||||||
U.S. Treasury Long Bond Futures |
12/19/23 | 381 | USD | 43,350,656 | (2,423,623 | ) | ||||||||||||||
U.S. Treasury Note 2 Year Futures |
12/29/23 | 299 | USD | 60,610,570 | (145,562 | ) | ||||||||||||||
U.S. Treasury Note Ultra 10 Year Futures |
12/19/23 | 175 | USD | 19,523,438 | 117,269 | |||||||||||||||
U.S. Treasury Ultra Long Bond Futures |
12/19/23 | 3 | USD | 356,063 | (27,206 | ) | ||||||||||||||
Futures ContractsShort |
||||||||||||||||||||
Euro-Schatz Futures |
12/07/23 | (356 | ) | EUR | (37,376,440 | ) | 142,589 | |||||||||||||
FTSE/MIB Index Futures |
12/15/23 | (46 | ) | EUR | (6,505,090 | ) | 131,882 | |||||||||||||
DAX Index Mini Futures |
12/15/23 | (60 | ) | EUR | (4,657,800 | ) | 134,098 | |||||||||||||
U.S. Treasury Note 10 Year Futures |
12/19/23 | (787 | ) | USD | (85,045,188 | ) | 1,574,427 | |||||||||||||
U.S. Treasury Note 5 Year Futures |
12/29/23 | (201 | ) | USD | (21,177,234 | ) | 162,987 | |||||||||||||
|
|
|||||||||||||||||||
Net Unrealized Depreciation |
|
$ | (4,852,342 | ) | ||||||||||||||||
|
|
Swap Agreements
Centrally Cleared Interest Rate Swaps
Pay/Receive |
Floating Rate Index |
Payment Frequency |
Fixed Rate |
Payment Frequency |
Maturity Date |
Notional Amount |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation)(1) |
|||||||||||||||||||||||||||
Pay |
3M SOFR | Quarterly | 3.235% | Quarterly | 07/25/33 | USD | 322,000,000 | $ | (25,206,836 | ) | $ | | $ | (25,206,836 | ) | |||||||||||||||||||||
|
|
|
|
|
|
(1) | There were no upfront premiums paid or (received), therefore Market Value equals Unrealized Appreciation/(Depreciation). |
BHFTI-305
Table of Contents
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Glossary of Abbreviations
Counterparties
(GSI) | Goldman Sachs International | |
(JPMC) | JPMorgan Chase Bank N.A. | |
(MSIP) | Morgan Stanley & Co. International PLC | |
(UBSA) | UBS AG |
Currencies
(AUD) | Australian Dollar | |
(CAD) | Canadian Dollar | |
(CHF) | Swiss Franc | |
(COP) | Colombian Peso | |
(CZK) | Czech Koruna | |
(DKK) | Danish Krone | |
(EUR) | Euro | |
(GBP) | British Pound | |
(HUF) | Hungarian Forint | |
(IDR) | Indonesian Rupiah | |
(ILS) | Israeli Shekel | |
(INR) | Indian Rupee | |
(JPY) | Japanese Yen | |
(NOK) | Norwegian Krone | |
(NZD) | New Zealand Dollar | |
(PHP) | Philippine Peso | |
(PLN) | Polish Zloty | |
(SEK) | Swedish Krona | |
(SGD) | Singapore Dollar | |
(THB) | Thai Baht | |
(TWD) | Taiwanese Dollar | |
(USD) | United States Dollar |
Index Abbreviations
(FEDEFF PRV) | Effective Federal Funds Rate | |
(H15) | U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index | |
(LIBOR) | London Interbank Offered Rate | |
(SOFR) | Secured Overnight Financing Rate | |
(TSFR) | Term Secured Overnight Financing Rate |
Other Abbreviations
(ADR) | American Depositary Receipt | |
(DAC) | Designated Activity Company | |
(REIT) | Real Estate Investment Trust |
BHFTI-306
Table of Contents
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
| |||||||||||||||
Aerospace & Defense |
$ | 2,141,227 | $ | 630,476 | $ | | $ | 2,771,703 | ||||||||
Air Freight & Logistics |
1,164,099 | 252,055 | | 1,416,154 | ||||||||||||
Automobile Components |
796,843 | 692,348 | | 1,489,191 | ||||||||||||
Automobiles |
6,184,842 | 3,273,362 | | 9,458,204 | ||||||||||||
Banks |
12,901,872 | 12,019,860 | | 24,921,732 | ||||||||||||
Beverages |
7,857,357 | 1,192,732 | | 9,050,089 | ||||||||||||
Biotechnology |
6,078,920 | 355,714 | | 6,434,634 | ||||||||||||
Broadline Retail |
12,306,229 | 388,207 | | 12,694,436 | ||||||||||||
Building Products |
3,551,083 | 646,340 | | 4,197,423 | ||||||||||||
Capital Markets |
10,151,082 | 2,284,551 | | 12,435,633 | ||||||||||||
Chemicals |
5,697,223 | 2,495,326 | | 8,192,549 | ||||||||||||
Commercial Services & Supplies |
2,805,528 | | | 2,805,528 | ||||||||||||
Communications Equipment |
4,505,031 | 126,363 | | 4,631,394 | ||||||||||||
Construction & Engineering |
| 548,975 | | 548,975 | ||||||||||||
Construction Materials |
| 137,277 | | 137,277 | ||||||||||||
Consumer Finance |
1,777,174 | | | 1,777,174 | ||||||||||||
Consumer Staples Distribution & Retail |
5,381,367 | 675,790 | | 6,057,157 | ||||||||||||
Containers & Packaging |
789,417 | 204,332 | | 993,749 | ||||||||||||
Distributors |
258,585 | | | 258,585 | ||||||||||||
Diversified REITs |
| 204,684 | | 204,684 | ||||||||||||
Diversified Telecommunication Services |
864,981 | 1,496,828 | | 2,361,809 | ||||||||||||
Electric Utilities |
1,984,966 | 1,344,333 | | 3,329,299 | ||||||||||||
Electrical Equipment |
4,055,818 | 925,190 | | 4,981,008 | ||||||||||||
Electronic Equipment, Instruments & Components |
779,158 | 807,558 | | 1,586,716 | ||||||||||||
Energy Equipment & Services |
1,198,123 | 55,904 | | 1,254,027 | ||||||||||||
Entertainment |
5,739,100 | 336,390 | | 6,075,490 | ||||||||||||
Financial Services |
13,884,484 | 805,818 | | 14,690,302 | ||||||||||||
Food Products |
1,909,043 | 2,613,188 | | 4,522,231 | ||||||||||||
Gas Utilities |
| 157,671 | | 157,671 | ||||||||||||
Ground Transportation |
4,298,353 | 94,150 | | 4,392,503 | ||||||||||||
Health Care Equipment & Supplies |
7,156,077 | 566,596 | | 7,722,673 | ||||||||||||
Health Care Providers & Services |
9,507,949 | | | 9,507,949 | ||||||||||||
Health Care REITs |
273,025 | | | 273,025 | ||||||||||||
Health Care Technology |
501,504 | | | 501,504 | ||||||||||||
Hotels, Restaurants & Leisure |
7,593,126 | 1,584,444 | | 9,177,570 | ||||||||||||
Household Durables |
1,679,190 | 538,048 | | 2,217,238 | ||||||||||||
Household Products |
7,516,557 | 250,376 | | 7,766,933 | ||||||||||||
Independent Power and Renewable Electricity Producers |
| 210,332 | | 210,332 | ||||||||||||
Industrial Conglomerates |
2,173,930 | 636,103 | | 2,810,033 | ||||||||||||
Industrial REITs |
679,993 | 196,908 | | 876,901 | ||||||||||||
Insurance |
8,865,899 | 2,571,016 | | 11,436,915 |
BHFTI-307
Table of Contents
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy(Continued)
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Interactive Media & Services |
$ | 22,015,813 | $ | 288,346 | $ | | $ | 22,304,159 | ||||||||
IT Services |
4,406,743 | 234,502 | | 4,641,245 | ||||||||||||
Leisure Products |
| 108,022 | | 108,022 | ||||||||||||
Life Sciences Tools & Services |
4,304,384 | 128,442 | | 4,432,826 | ||||||||||||
Machinery |
9,115,609 | 1,599,535 | | 10,715,144 | ||||||||||||
Marine Transportation |
| 187,029 | | 187,029 | ||||||||||||
Media |
3,103,979 | | | 3,103,979 | ||||||||||||
Metals & Mining |
3,298,573 | 4,415,757 | | 7,714,330 | ||||||||||||
Multi-Utilities |
568,126 | 865,956 | | 1,434,082 | ||||||||||||
Office REITs |
| 194,593 | | 194,593 | ||||||||||||
Oil, Gas & Consumable Fuels |
14,979,306 | 7,602,959 | | 22,582,265 | ||||||||||||
Paper & Forest Products |
| 155,833 | | 155,833 | ||||||||||||
Passenger Airlines |
96,238 | | | 96,238 | ||||||||||||
Personal Care Products |
82,394 | 3,017,828 | | 3,100,222 | ||||||||||||
Pharmaceuticals |
15,296,392 | 11,252,063 | | 26,548,455 | ||||||||||||
Professional Services |
1,617,409 | 1,766,627 | | 3,384,036 | ||||||||||||
Real Estate Management & Development |
111,337 | 426,036 | | 537,373 | ||||||||||||
Residential REITs |
255,987 | | | 255,987 | ||||||||||||
Retail REITs |
163,773 | | | 163,773 | ||||||||||||
Semiconductors & Semiconductor Equipment |
25,560,407 | 2,743,592 | | 28,303,999 | ||||||||||||
Software |
41,722,772 | 947,383 | | 42,670,155 | ||||||||||||
Specialized REITs |
1,345,807 | | | 1,345,807 | ||||||||||||
Specialty Retail |
7,168,147 | 1,129,494 | | 8,297,641 | ||||||||||||
Technology Hardware, Storage & Peripherals |
20,505,510 | | | 20,505,510 | ||||||||||||
Textiles, Apparel & Luxury Goods |
2,768,672 | 2,817,837 | | 5,586,509 | ||||||||||||
Tobacco |
523,317 | 266,492 | | 789,809 | ||||||||||||
Trading Companies & Distributors |
2,099,594 | 2,377,397 | | 4,476,991 | ||||||||||||
Transportation Infrastructure |
99,279 | | | 99,279 | ||||||||||||
Water Utilities |
309,823 | | | 309,823 | ||||||||||||
Wireless Telecommunication Services |
219,598 | 981,083 | | 1,200,681 | ||||||||||||
Total Common Stocks |
346,748,144 | 84,826,051 | | 431,574,195 | ||||||||||||
Total Corporate Bonds & Notes* |
| 365,012,966 | | 365,012,966 | ||||||||||||
Total U.S. Treasury & Government Agencies* |
| 45,889,405 | | 45,889,405 | ||||||||||||
Total Preferred Stocks* |
| 219,930 | | 219,930 | ||||||||||||
Total Warrants* |
| 0 | | 0 | ||||||||||||
Total Short-Term Investments* |
| 94,509,994 | | 94,509,994 | ||||||||||||
Securities Lending Reinvestments |
| |||||||||||||||
Certificates of Deposit |
| 50,010,329 | | 50,010,329 | ||||||||||||
Commercial Paper |
| 12,001,690 | | 12,001,690 | ||||||||||||
Repurchase Agreements |
| 49,396,995 | | 49,396,995 | ||||||||||||
Mutual Funds |
2,465,000 | | | 2,465,000 | ||||||||||||
Total Securities Lending Reinvestments |
2,465,000 | 111,409,014 | | 113,874,014 | ||||||||||||
Total Investments |
$ | 349,213,144 | $ | 701,867,360 | $ | | $ | 1,051,080,504 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (113,861,995 | ) | $ | | $ | (113,861,995 | ) | ||||||
Forward Contracts |
| |||||||||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | | $ | 538,535 | $ | | $ | 538,535 | ||||||||
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
| (1,280,476 | ) | | (1,280,476 | ) | ||||||||||
Total Forward Contracts |
$ | | $ | (741,941 | ) | $ | | $ | (741,941 | ) | ||||||
Futures Contracts |
| |||||||||||||||
Futures Contracts (Unrealized Appreciation) |
$ | 2,309,113 | $ | | $ | | $ | 2,309,113 | ||||||||
Futures Contracts (Unrealized Depreciation) |
(7,161,455 | ) | | | (7,161,455 | ) | ||||||||||
Total Futures Contracts |
$ | (4,852,342 | ) | $ | | $ | | $ | (4,852,342 | ) | ||||||
Centrally Cleared Swap Contracts (Unrealized Depreciation) |
$ | | $ | (25,206,836 | ) | $ | | $ | (25,206,836 | ) |
* | See Consolidated Schedule of Investments for additional detailed categorizations. |
BHFTI-308
Table of Contents
Brighthouse Funds Trust I
SSGA Emerging Markets Enhanced Index Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks97.2% of Net Assets
Security Description | Shares | Value | ||||||
Brazil3.6% | ||||||||
Ambev SA (ADR) |
386,800 | $ | 997,944 | |||||
B3 SA - Brasil Bolsa Balcao |
360,400 | 881,184 | ||||||
Banco Bradesco SA |
84,876 | 213,771 | ||||||
Banco Bradesco SA (ADR) |
205,945 | 586,943 | ||||||
Banco do Brasil SA |
108,800 | 1,021,214 | ||||||
CCR SA |
114,800 | 294,391 | ||||||
CPFL Energia SA |
86,500 | 578,382 | ||||||
Energisa SA |
37,300 | 346,913 | ||||||
Itau Unibanco Holding SA (ADR) |
181,200 | 973,044 | ||||||
JBS SA |
165,500 | 594,299 | ||||||
Kepler Weber SA |
79,800 | 183,841 | ||||||
Klabin SA |
71,700 | 339,632 | ||||||
Mahle Metal Leve SA |
3,418 | 32,810 | ||||||
Mills Estruturas e Servicos de Engenharia SA |
22,100 | 53,287 | ||||||
Petroleo Brasileiro SA |
124,600 | 939,232 | ||||||
Petroleo Brasileiro SA (ADR) |
18,400 | 275,816 | ||||||
Raia Drogasil SA |
31,200 | 171,438 | ||||||
Sao Martinho SA |
4,476 | 34,960 | ||||||
SLC Agricola SA |
43,670 | 342,215 | ||||||
Telefonica Brasil SA |
77,600 | 666,614 | ||||||
Vale SA |
97,500 | 1,310,849 | ||||||
Vale SA (ADR) |
108,700 | 1,456,580 | ||||||
Vibra Energia SA |
52,500 | 197,611 | ||||||
|
|
|||||||
12,492,970 | ||||||||
|
|
|||||||
Chile0.5% | ||||||||
Cencosud SA |
424,028 | 804,014 | ||||||
Cia Cervecerias Unidas SA |
9,557 | 60,739 | ||||||
Colbun SA |
593,482 | 80,810 | ||||||
Empresa Nacional de Telecomunicaciones SA |
10,289 | 34,619 | ||||||
Empresas CMPC SA |
200,494 | 369,131 | ||||||
SMU SA |
542,556 | 95,244 | ||||||
Sociedad Quimica y Minera de Chile SA (ADR) |
7,300 | 435,591 | ||||||
|
|
|||||||
1,880,148 | ||||||||
|
|
|||||||
China29.4% | ||||||||
37 Interactive Entertainment Network Technology Group Co. Ltd. - Class A |
14,800 | 44,315 | ||||||
3SBio, Inc. |
713,500 | 595,120 | ||||||
AIMA Technology Group Co. Ltd. - Class A |
34,800 | 141,025 | ||||||
AK Medical Holdings Ltd. |
200,000 | 168,512 | ||||||
Akeso, Inc. (a) (b) |
28,000 | 127,816 | ||||||
Alibaba Group Holding Ltd. (a) |
865,900 | 9,387,564 | ||||||
Alibaba Health Information Technology Ltd. (a) |
290,000 | 180,260 | ||||||
Anhui Conch Cement Co. Ltd. - Class A |
5,100 | 18,174 | ||||||
Anhui Conch Cement Co. Ltd. - Class H |
121,500 | 321,344 | ||||||
Anhui Expressway Co. Ltd. - Class H |
78,000 | 81,593 | ||||||
Anhui Guangxin Agrochemical Co. Ltd. - Class A |
12,180 | 33,450 | ||||||
Anhui Gujing Distillery Co. Ltd. - Class A |
2,600 | 97,667 | ||||||
Anhui Yingjia Distillery Co. Ltd. - Class A |
22,900 | 230,789 | ||||||
ANTA Sports Products Ltd. |
29,200 | 325,904 | ||||||
Autohome, Inc. (ADR) |
14,100 | 427,935 | ||||||
Baidu, Inc. - Class A (a) |
150,150 | 2,531,028 | ||||||
Bank of Changsha Co. Ltd. - Class A |
25,500 | 28,609 | ||||||
Bank of Chengdu Co. Ltd. - Class A |
40,000 | 75,251 | ||||||
China(Continued) | ||||||||
Bank of China Ltd. - Class H |
2,468,000 | 864,055 | ||||||
Bank of Hangzhou Co. Ltd. - Class A |
142,000 | 216,949 | ||||||
Bank of Jiangsu Co. Ltd. - Class A |
529,980 | 520,423 | ||||||
Bank of Nanjing Co. Ltd. - Class A |
68,500 | 75,426 | ||||||
Baoshan Iron & Steel Co. Ltd. - Class A |
52,600 | 43,818 | ||||||
BeiGene Ltd. (a) |
33,000 | 459,304 | ||||||
Beijing Yanjing Brewery Co. Ltd. - Class A |
38,700 | 53,339 | ||||||
Bilibili, Inc. - Class Z (a) |
9,040 | 124,849 | ||||||
Binjiang Service Group Co. Ltd. |
12,000 | 26,577 | ||||||
By-health Co. Ltd. - Class A |
35,569 | 92,469 | ||||||
BYD Co. Ltd. - Class A |
11,900 | 386,101 | ||||||
BYD Co. Ltd. - Class H |
53,500 | 1,646,804 | ||||||
BYD Electronic International Co. Ltd. |
149,500 | 680,053 | ||||||
CGN Power Co. Ltd. - Class H |
2,429,000 | 630,560 | ||||||
China Construction Bank Corp. - Class A |
260,600 | 224,765 | ||||||
China Construction Bank Corp. - Class H |
4,891,000 | 2,755,903 | ||||||
China Feihe Ltd. |
805,000 | 475,051 | ||||||
China Foods Ltd. |
106,000 | 34,883 | ||||||
China Galaxy Securities Co. Ltd. - Class H |
504,500 | 259,000 | ||||||
China International Marine Containers Group Co. Ltd. - Class A |
201,450 | 195,821 | ||||||
China International Marine Containers Group Co. Ltd. - Class H (b) |
147,850 | 84,846 | ||||||
China Jushi Co. Ltd. - Class A |
25,429 | 46,957 | ||||||
China Lesso Group Holdings Ltd. |
434,000 | 230,573 | ||||||
China Medical System Holdings Ltd. |
395,000 | 595,710 | ||||||
China Meidong Auto Holdings Ltd. |
9,450 | 5,213 | ||||||
China Merchants Bank Co. Ltd. - Class A |
109,200 | 491,527 | ||||||
China Merchants Bank Co. Ltd. - Class H |
290,000 | 1,203,202 | ||||||
China National Accord Medicines Corp. Ltd. - Class A |
62,430 | 270,502 | ||||||
China National Medicines Corp. Ltd. - Class A |
42,600 | 193,332 | ||||||
China Overseas Land & Investment Ltd. |
227,000 | 466,408 | ||||||
China Pacific Insurance Group Co. Ltd. - Class A |
81,200 | 321,241 | ||||||
China Pacific Insurance Group Co. Ltd. - Class H |
288,800 | 717,418 | ||||||
China Petroleum & Chemical Corp. - Class A |
215,600 | 179,162 | ||||||
China Petroleum & Chemical Corp. - Class H |
1,796,000 | 977,741 | ||||||
China Resources Beer Holdings Co. Ltd. |
88,000 | 481,178 | ||||||
China Resources Land Ltd. |
294,000 | 1,158,651 | ||||||
China Resources Medical Holdings Co. Ltd. |
140,500 | 91,957 | ||||||
China Resources Pharmaceutical Group Ltd. |
171,000 | 113,223 | ||||||
China Resources Power Holdings Co. Ltd. |
294,000 | 560,982 | ||||||
China Shenhua Energy Co. Ltd. - Class A |
61,811 | 265,324 | ||||||
China Shenhua Energy Co. Ltd. - Class H |
354,000 | 1,148,265 | ||||||
China State Construction Engineering Corp. Ltd. - Class A |
370,100 | 280,189 | ||||||
China Tower Corp. Ltd. - Class H |
3,754,000 | 359,234 | ||||||
China Traditional Chinese Medicine Holdings Co. Ltd. |
324,000 | 150,876 | ||||||
China United Network Communications Ltd. - Class A |
387,100 | 260,454 | ||||||
China Vanke Co. Ltd. - Class H |
272,700 | 297,865 | ||||||
China Yongda Automobiles Services Holdings Ltd. |
255,000 | 98,714 | ||||||
Chlitina Holding Ltd. |
12,000 | 69,919 | ||||||
Chongqing Brewery Co. Ltd. - Class A |
6,900 | 80,537 | ||||||
Chongqing Zhifei Biological Products Co. Ltd. - Class A |
10,700 | 71,293 | ||||||
Chow Tai Fook Jewellery Group Ltd. |
80,800 | 121,415 | ||||||
CITIC Ltd. |
550,000 | 501,301 | ||||||
CITIC Telecom International Holdings Ltd. |
635,000 | 251,268 | ||||||
Contemporary Amperex Technology Co. Ltd. - Class A |
16,820 | 471,537 | ||||||
COSCO SHIPPING Holdings Co. Ltd. - Class A |
114,120 | 153,410 | ||||||
COSCO SHIPPING Holdings Co. Ltd. - Class H |
303,200 | 309,480 |
BHFTI-309
Table of Contents
Brighthouse Funds Trust I
SSGA Emerging Markets Enhanced Index Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
China(Continued) | ||||||||
CRRC Corp. Ltd. - Class A |
102,200 | $ | 81,761 | |||||
CRRC Corp. Ltd. - Class H |
375,000 | 180,156 | ||||||
CSPC Pharmaceutical Group Ltd. |
466,240 | 340,830 | ||||||
Daqin Railway Co. Ltd. - Class A |
430,500 | 429,734 | ||||||
Daqo New Energy Corp. (ADR) (a) (b) |
2,900 | 87,783 | ||||||
DaShenLin Pharmaceutical Group Co. Ltd. - Class A |
6,300 | 21,692 | ||||||
Dian Diagnostics Group Co. Ltd. - Class A |
11,200 | 36,015 | ||||||
Dongfang Electric Corp. Ltd. - Class A |
28,300 | 60,524 | ||||||
Dongyue Group Ltd. |
173,000 | 129,938 | ||||||
EEKA Fashion Holdings Ltd. |
63,500 | 120,181 | ||||||
ENN Energy Holdings Ltd. |
2,793 | 23,084 | ||||||
ENN Natural Gas Co. Ltd. - Class A |
108,800 | 259,609 | ||||||
FinVolution Group (ADR) |
65,900 | 328,182 | ||||||
Foxconn Industrial Internet Co. Ltd. - Class A |
41,100 | 110,825 | ||||||
Fuyao Glass Industry Group Co. Ltd. - Class H |
21,200 | 97,101 | ||||||
GD Power Development Co. Ltd. - Class A |
172,600 | 87,234 | ||||||
GDS Holdings Ltd. - Class A (a) |
67,700 | 92,483 | ||||||
Geely Automobile Holdings Ltd. |
199,000 | 234,200 | ||||||
Great Wall Motor Co. Ltd. - Class H |
17,646 | 20,876 | ||||||
Guangdong Provincial Expressway Development Co. Ltd. - Class A |
46,620 | 53,528 | ||||||
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. - Class A |
22,200 | 95,769 | ||||||
Guangzhou Kingmed Diagnostics Group Co. Ltd. - Class A |
5,200 | 44,394 | ||||||
H World Group Ltd. (ADR) (a) |
10,300 | 406,129 | ||||||
Haidilao International Holding Ltd. |
119,000 | 317,370 | ||||||
Haier Smart Home Co. Ltd. - Class A |
65,800 | 214,537 | ||||||
Haier Smart Home Co. Ltd. - Class H |
101,400 | 317,184 | ||||||
Haitian International Holdings Ltd. |
150,000 | 317,018 | ||||||
Hangzhou Binjiang Real Estate Group Co. Ltd. - Class A |
61,500 | 81,456 | ||||||
Harbin Electric Co. Ltd. - Class H |
402,000 | 122,391 | ||||||
Health & Happiness H&H International Holdings Ltd. |
51,000 | 63,035 | ||||||
Hebei Yangyuan Zhihui Beverage Co. Ltd. - Class A |
6,200 | 20,728 | ||||||
Hello Group, Inc. (ADR) |
38,800 | 270,824 | ||||||
Henan Shenhuo Coal & Power Co. Ltd. - Class A |
62,100 | 144,940 | ||||||
Hengan International Group Co. Ltd. |
148,000 | 472,254 | ||||||
Huadong Medicine Co. Ltd. - Class A |
39,300 | 228,660 | ||||||
Huafon Chemical Co. Ltd. - Class A |
104,100 | 100,760 | ||||||
Huaibei Mining Holdings Co. Ltd. - Class A |
28,700 | 54,812 | ||||||
Hubei Jumpcan Pharmaceutical Co. Ltd. - Class A |
29,300 | 109,718 | ||||||
Hubei Xingfa Chemicals Group Co. Ltd. - Class A |
22,900 | 61,852 | ||||||
Hygeia Healthcare Holdings Co. Ltd. - Class C |
38,600 | 214,849 | ||||||
Imeik Technology Development Co. Ltd. - Class A |
2,420 | 130,385 | ||||||
Industrial & Commercial Bank of China Ltd. - Class H |
1,992,000 | 959,617 | ||||||
Industrial Bank Co. Ltd. - Class A |
154,400 | 344,531 | ||||||
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd. - Class A |
167,100 | 93,562 | ||||||
iQIYI, Inc. (ADR) (a) (b) |
22,100 | 104,754 | ||||||
JD Health International, Inc. (a) |
59,265 | 304,018 | ||||||
JD.com, Inc. - Class A |
104,954 | 1,525,494 | ||||||
Jiangsu Expressway Co. Ltd. - Class H |
256,000 | 230,652 | ||||||
Jiangsu Linyang Energy Co. Ltd. - Class A |
35,400 | 34,651 | ||||||
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. - Class A |
4,700 | 84,064 | ||||||
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. - Class A |
24,500 | 115,261 | ||||||
Jiangxi Copper Co. Ltd. - Class A |
19,500 | 51,353 | ||||||
Jiangxi Copper Co. Ltd. - Class H |
236,000 | 368,016 | ||||||
JNBY Design Ltd. |
92,500 | 119,391 | ||||||
Joincare Pharmaceutical Group Industry Co. Ltd. - Class A |
109,499 | 185,858 | ||||||
Jointown Pharmaceutical Group Co. Ltd. - Class A |
96,552 | 143,183 | ||||||
China(Continued) | ||||||||
JOYY, Inc. (ADR) (b) |
8,000 | 304,880 | ||||||
KE Holdings, Inc. (ADR) (a) |
17,800 | 276,256 | ||||||
Kuaishou Technology (a) |
120,900 | 960,270 | ||||||
Kunlun Energy Co. Ltd. |
1,058,000 | 910,236 | ||||||
Kweichow Moutai Co. Ltd. - Class A |
3,100 | 769,113 | ||||||
LB Group Co. Ltd. - Class A |
26,700 | 67,146 | ||||||
Lenovo Group Ltd. |
1,058,000 | 1,062,994 | ||||||
Li Auto, Inc. - Class A (a) |
16,000 | 286,151 | ||||||
Lingyi iTech Guangdong Co. - Class A |
114,100 | 89,361 | ||||||
Livzon Pharmaceutical Group, Inc. - Class H |
48,000 | 156,973 | ||||||
Longfor Group Holdings Ltd. |
162,500 | 287,218 | ||||||
Lonking Holdings Ltd. |
235,000 | 41,059 | ||||||
Lufax Holding Ltd. (ADR) (b) |
234,200 | 248,252 | ||||||
Luxi Chemical Group Co. Ltd. - Class A |
23,600 | 36,573 | ||||||
Luzhou Laojiao Co. Ltd. - Class A |
4,000 | 120,085 | ||||||
Meituan - Class B (a) |
221,710 | 3,218,640 | ||||||
MINISO Group Holding Ltd. (ADR) (a) (b) |
23,200 | 600,880 | ||||||
Minth Group Ltd. |
82,000 | 209,709 | ||||||
Nanjing Iron & Steel Co. Ltd. - Class A |
104,300 | 52,850 | ||||||
NetDragon Websoft Holdings Ltd. |
86,000 | 158,962 | ||||||
NetEase, Inc. |
136,100 | 2,732,284 | ||||||
New Oriental Education & Technology Group, Inc. (a) |
82,000 | 486,008 | ||||||
Newland Digital Technology Co. Ltd. - Class A (a) |
81,400 | 213,733 | ||||||
Nongfu Spring Co. Ltd. - Class H |
14,600 | 83,529 | ||||||
PDD Holdings, Inc. (ADR) (a) |
26,100 | 2,559,627 | ||||||
PetroChina Co. Ltd. - Class A |
427,900 | 467,465 | ||||||
PetroChina Co. Ltd. - Class H |
2,090,000 | 1,568,949 | ||||||
PICC Property & Casualty Co. Ltd. - Class H |
58,000 | 74,170 | ||||||
Ping An Insurance Group Co. of China Ltd. - Class A |
105,300 | 703,997 | ||||||
Ping An Insurance Group Co. of China Ltd. - Class H |
441,500 | 2,500,744 | ||||||
Poly Developments & Holdings Group Co. Ltd. - Class A |
53,700 | 93,658 | ||||||
Power Construction Corp. of China Ltd. - Class A |
73,800 | 54,088 | ||||||
Qifu Technology, Inc. (ADR) |
6,400 | 98,304 | ||||||
Shaanxi Coal Industry Co. Ltd. - Class A |
107,900 | 272,832 | ||||||
Shan Xi Hua Yang Group New Energy Co. Ltd. - Class A |
67,200 | 77,460 | ||||||
Shandong Jinjing Science & Technology Co. Ltd. - Class A |
45,500 | 45,206 | ||||||
Shandong Weigao Group Medical Polymer Co. Ltd. - Class H |
75,200 | 65,894 | ||||||
Shanghai International Port Group Co. Ltd. - Class A |
219,000 | 154,342 | ||||||
Shanghai Pharmaceuticals Holding Co. Ltd. - Class A |
28,000 | 69,306 | ||||||
Shanghai Pharmaceuticals Holding Co. Ltd. - Class H |
294,100 | 457,890 | ||||||
Shanxi Coal International Energy Group Co. Ltd. - Class A |
23,900 | 61,714 | ||||||
Shanxi Luan Environmental Energy Development Co. Ltd. - Class A |
80,700 | 209,800 | ||||||
Shanxi Xinghuacun Fen Wine Factory Co. Ltd. - Class A |
5,160 | 171,009 | ||||||
Shenzhen Expressway Corp. Ltd. - Class A |
72,800 | 99,568 | ||||||
Shenzhen Expressway Corp. Ltd. - Class H |
156,000 | 127,398 | ||||||
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. - Class A |
7,400 | 274,042 | ||||||
Sichuan Kelun Pharmaceutical Co. Ltd. - Class A |
64,600 | 257,974 | ||||||
Sinopec Engineering Group Co. Ltd. - Class H |
216,500 | 97,404 | ||||||
Sinopharm Group Co. Ltd. - Class H |
270,400 | 784,992 | ||||||
Sinotrans Ltd. - Class H |
1,032,000 | 376,159 | ||||||
Sinotruk Hong Kong Ltd. |
183,000 | 350,354 | ||||||
Sun Art Retail Group Ltd. |
292,000 | 61,909 | ||||||
Sunny Optical Technology Group Co. Ltd. |
40,300 | 280,932 | ||||||
Suzhou Dongshan Precision Manufacturing Co. Ltd. - Class A |
53,400 | 126,762 | ||||||
TangShan Port Group Co. Ltd. - Class A |
323,600 | 163,475 | ||||||
TBEA Co. Ltd. - Class A |
163,352 | 331,424 | ||||||
Tencent Holdings Ltd. (b) |
342,000 | 13,254,229 | ||||||
Tencent Music Entertainment Group (ADR) (a) |
91,500 | 583,770 |
BHFTI-310
Table of Contents
Brighthouse Funds Trust I
SSGA Emerging Markets Enhanced Index Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
China(Continued) | ||||||||
Tian Di Science & Technology Co. Ltd. - Class A |
108,500 | $ | 80,576 | |||||
Tian Ge Interactive Holdings Ltd. |
66,231 | 3,448 | ||||||
Tianli International Holdings Ltd. |
116,122 | 37,355 | ||||||
Tianneng Power International Ltd. |
124,000 | 116,989 | ||||||
Tingyi Cayman Islands Holding Corp. |
125,876 | 176,002 | ||||||
Tongcheng Travel Holdings Ltd. (a) |
9,614 | 21,036 | ||||||
Tongwei Co. Ltd. - Class A |
11,400 | 50,346 | ||||||
Topsports International Holdings Ltd. |
323,000 | 245,249 | ||||||
Trip.com Group Ltd. (ADR) (a) |
26,700 | 933,699 | ||||||
Tsingtao Brewery Co. Ltd. - Class A |
8,400 | 100,641 | ||||||
Tsingtao Brewery Co. Ltd. - Class H |
58,000 | 471,800 | ||||||
Uni-President China Holdings Ltd. |
205,000 | 144,482 | ||||||
Vipshop Holdings Ltd. (ADR) (a) |
59,900 | 958,999 | ||||||
Want Want China Holdings Ltd. |
75,000 | 48,882 | ||||||
Weibo Corp. (ADR) |
17,100 | 214,434 | ||||||
Western Mining Co. Ltd. - Class A |
129,900 | 228,217 | ||||||
Wuliangye Yibin Co. Ltd. - Class A |
9,800 | 211,649 | ||||||
WuXi AppTec Co. Ltd. - Class A |
10,991 | 130,837 | ||||||
WuXi AppTec Co. Ltd. - Class H (b) |
64,600 | 768,750 | ||||||
Wuxi Biologics Cayman, Inc. (a) |
190,500 | 1,118,845 | ||||||
XD, Inc. (a) |
14,000 | 25,141 | ||||||
Xiamen C & D, Inc. - Class A |
154,600 | 209,946 | ||||||
Xiaomi Corp. - Class B (a) |
348,800 | 543,144 | ||||||
Xinhua Winshare Publishing & Media Co. Ltd. - Class A |
56,400 | 105,557 | ||||||
Xinte Energy Co. Ltd. - Class H (a) (b) |
70,000 | 137,834 | ||||||
Yadea Group Holdings Ltd. |
350,000 | 648,917 | ||||||
YongXing Special Materials Technology Co. Ltd. - Class A |
11,570 | 71,838 | ||||||
Youdao, Inc. (ADR) (a) (b) |
9,800 | 39,396 | ||||||
YuanShengTai Dairy Farm Ltd. (a) |
841,000 | 12,137 | ||||||
Yuexiu Property Co. Ltd. |
170,300 | 194,232 | ||||||
Yum China Holdings, Inc. |
30,600 | 1,705,032 | ||||||
Zai Lab Ltd. (ADR) (a) (b) |
7,217 | 175,445 | ||||||
Zangge Mining Co. Ltd. - Class A |
53,600 | 168,493 | ||||||
Zhejiang Century Huatong Group Co. Ltd. - Class A (a) |
11,850 | 7,834 | ||||||
Zhejiang Expressway Co. Ltd. - Class H |
158,000 | 117,713 | ||||||
Zhejiang Jiahua Energy Chemical Industry Co. Ltd. - Class A |
172,000 | 196,386 | ||||||
Zhejiang Xinan Chemical Industrial Group Co. Ltd. - Class A |
70,600 | 97,741 | ||||||
Zhongjin Gold Corp. Ltd. - Class A |
22,400 | 33,522 | ||||||
Zhuzhou CRRC Times Electric Co. Ltd. |
21,400 | 73,992 | ||||||
Zijin Mining Group Co. Ltd. - Class H |
108,000 | 164,254 | ||||||
ZTE Corp. - Class A |
34,600 | 154,787 | ||||||
ZTE Corp. - Class H |
218,800 | 659,272 | ||||||
ZTO Express Cayman, Inc. (ADR) |
21,300 | 514,821 | ||||||
|
|
|||||||
101,282,295 | ||||||||
|
|
|||||||
Czech Republic0.3% | ||||||||
Komercni Banka AS |
20,560 | 597,273 | ||||||
Moneta Money Bank AS |
133,141 | 483,065 | ||||||
Philip Morris CR AS |
62 | 46,098 | ||||||
|
|
|||||||
1,126,436 | ||||||||
|
|
|||||||
Egypt0.2% | ||||||||
Abou Kir Fertilizers & Chemical Industries |
75,943 | 164,666 | ||||||
Eastern Co. SAE |
179,207 | 139,659 | ||||||
ElSewedy Electric Co. |
254,173 | 193,557 | ||||||
Telecom Egypt Co. |
129,900 | 125,623 | ||||||
|
|
|||||||
623,505 | ||||||||
|
|
|||||||
Greece0.7% | ||||||||
Danaos Corp. |
558 | 36,951 | ||||||
JUMBO SA |
17,230 | 473,945 | ||||||
Motor Oil Hellas Corinth Refineries SA |
9,085 | 229,775 | ||||||
Mytilineos SA |
24,620 | 905,941 | ||||||
OPAP SA |
35,430 | 593,910 | ||||||
|
|
|||||||
2,240,522 | ||||||||
|
|
|||||||
Hong Kong0.3% | ||||||||
Bosideng International Holdings Ltd. |
1,162,000 | 496,371 | ||||||
China High Speed Transmission Equipment Group Co. Ltd. (a) (b) |
110,000 | 31,580 | ||||||
Sino Biopharmaceutical Ltd. |
147,000 | 53,264 | ||||||
Skyworth Group Ltd. |
210,340 | 78,727 | ||||||
United Laboratories International Holdings Ltd. |
276,000 | 279,208 | ||||||
|
|
|||||||
939,150 | ||||||||
|
|
|||||||
Hungary0.1% | ||||||||
MOL Hungarian Oil & Gas PLC |
51,279 | 388,798 | ||||||
|
|
|||||||
India16.0% | ||||||||
360 ONE WAM Ltd. |
30,880 | 187,272 | ||||||
Adani Power Ltd. (a) |
98,579 | 446,037 | ||||||
Allcargo Logistics Ltd. |
29,629 | 96,838 | ||||||
Allcargo Terminals Ltd. (a) |
29,629 | 12,203 | ||||||
Amara Raja Batteries Ltd. |
44,324 | 339,591 | ||||||
Apollo Hospitals Enterprise Ltd. |
4,213 | 261,172 | ||||||
Apollo Tyres Ltd. |
24,674 | 109,183 | ||||||
Asian Paints Ltd. |
2,686 | 102,306 | ||||||
Aster DM Healthcare Ltd. (a) |
46,157 | 183,185 | ||||||
Aurobindo Pharma Ltd. |
43,079 | 475,511 | ||||||
Axis Bank Ltd. |
140,328 | 1,743,692 | ||||||
Bajaj Auto Ltd. |
1,894 | 115,391 | ||||||
Bajaj Consumer Care Ltd. |
33,488 | 90,634 | ||||||
Bajaj Finance Ltd. |
8,355 | 783,446 | ||||||
Bajaj Finserv Ltd. |
11,283 | 208,822 | ||||||
Bandhan Bank Ltd. |
38,302 | 115,891 | ||||||
Bank of Baroda |
128,930 | 332,240 | ||||||
Bharat Electronics Ltd. |
461,670 | 766,652 | ||||||
Bharat Petroleum Corp. Ltd. |
91,579 | 382,518 | ||||||
Bharti Airtel Ltd. |
62,630 | 699,279 | ||||||
Bombay Burmah Trading Co. (a) |
6,950 | 104,704 | ||||||
Britannia Industries Ltd. |
791 | 43,152 | ||||||
CESC Ltd. |
123,023 | 132,950 | ||||||
CIE Automotive India Ltd. |
16,972 | 97,982 | ||||||
Cipla Ltd. |
13,734 | 196,645 | ||||||
Cochin Shipyard Ltd. |
4,457 | 58,253 | ||||||
Cyient Ltd. |
11,704 | 238,641 | ||||||
DCM Shriram Ltd. |
15,342 | 200,611 | ||||||
Dr Reddys Laboratories Ltd. |
13,770 | 926,371 | ||||||
Eicher Motors Ltd. |
3,291 | 137,502 | ||||||
EID Parry India Ltd. |
23,281 | 146,275 | ||||||
Engineers India Ltd. |
81,707 | 144,807 | ||||||
Finolex Cables Ltd. |
22,810 | 303,465 | ||||||
GAIL India Ltd. |
534,338 | 801,549 | ||||||
General Insurance Corp. of India (a) |
48,549 | 130,198 | ||||||
Glenmark Pharmaceuticals Ltd. |
44,332 | 456,842 | ||||||
Godrej Consumer Products Ltd. (a) |
5,700 | 67,929 |
BHFTI-311
Table of Contents
Brighthouse Funds Trust I
SSGA Emerging Markets Enhanced Index Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
India(Continued) | ||||||||
Grasim Industries Ltd. |
38,164 | $ | 894,414 | |||||
Great Eastern Shipping Co. Ltd. |
23,450 | 238,688 | ||||||
Gujarat Pipavav Port Ltd. |
115,327 | 172,449 | ||||||
Gujarat State Fertilizers & Chemicals Ltd. |
42,606 | 88,902 | ||||||
Gujarat State Petronet Ltd. |
99,673 | 338,684 | ||||||
HCL Technologies Ltd. |
97,651 | 1,451,165 | ||||||
HDFC Bank Ltd. |
116,870 | 2,139,570 | ||||||
Hero MotoCorp Ltd. |
816 | 30,031 | ||||||
Hindalco Industries Ltd. |
183,470 | 1,085,034 | ||||||
Hindustan Aeronautics Ltd. |
31,520 | 731,729 | ||||||
Hindustan Unilever Ltd. |
24,992 | 740,716 | ||||||
Hindustan Zinc Ltd. |
17,919 | 66,518 | ||||||
ICICI Bank Ltd. |
207,916 | 2,380,543 | ||||||
Indian Hotels Co. Ltd. |
24,507 | 121,292 | ||||||
Indian Oil Corp. Ltd. |
774,813 | 849,261 | ||||||
Indo Count Industries Ltd. |
34,748 | 93,416 | ||||||
Indraprastha Gas Ltd. |
18,679 | 101,995 | ||||||
Infosys Ltd. |
3,819 | 65,627 | ||||||
Infosys Ltd. (ADR) (b) |
210,300 | 3,598,233 | ||||||
ITC Ltd. |
218,799 | 1,169,033 | ||||||
JB Chemicals & Pharmaceuticals Ltd. |
1,748 | 31,164 | ||||||
Jindal Steel & Power Ltd. |
115,962 | 980,693 | ||||||
Jio Financial Services Ltd. (a) |
139,905 | 389,181 | ||||||
JK Lakshmi Cement Ltd. |
33,658 | 261,743 | ||||||
JK Tyre & Industries Ltd. |
14,866 | 49,852 | ||||||
JSW Steel Ltd. |
84,659 | 792,597 | ||||||
Kalpataru Projects International Ltd. |
15,576 | 118,899 | ||||||
Karnataka Bank Ltd. |
44,188 | 132,218 | ||||||
Kaveri Seed Co. Ltd. (a) |
4,484 | 32,458 | ||||||
Kotak Mahindra Bank Ltd. |
26,360 | 551,259 | ||||||
LT Foods Ltd. |
128,969 | 256,245 | ||||||
Lupin Ltd. |
6,603 | 92,773 | ||||||
Mahindra & Mahindra Ltd. |
89,673 | 1,679,399 | ||||||
Manappuram Finance Ltd. |
238,297 | 430,511 | ||||||
Maruti Suzuki India Ltd. |
968 | 123,432 | ||||||
Max Healthcare Institute Ltd. |
32,438 | 221,557 | ||||||
Motilal Oswal Financial Services Ltd. |
5,526 | 58,489 | ||||||
Muthoot Finance Ltd. |
25,055 | 377,429 | ||||||
NCC Ltd. |
39,746 | 74,289 | ||||||
NHPC Ltd. |
670,375 | 425,536 | ||||||
NIIT Learning Systems Ltd. (a) |
10,869 | 55,110 | ||||||
NTPC Ltd. |
530,175 | 1,568,918 | ||||||
Oil & Natural Gas Corp. Ltd. |
522,515 | 1,204,369 | ||||||
Oil India Ltd. |
121,203 | 435,453 | ||||||
Oracle Financial Services Software Ltd. |
1,903 | 94,233 | ||||||
Petronet LNG Ltd. |
12,945 | 37,442 | ||||||
Piramal Enterprises Ltd. |
6,951 | 87,589 | ||||||
Polyplex Corp. Ltd. |
11,988 | 167,273 | ||||||
Power Finance Corp. Ltd. |
169,416 | 514,987 | ||||||
Power Finance Corp. Ltd. (a) |
42,354 | 128,747 | ||||||
Power Grid Corp. of India Ltd. |
542,787 | 1,307,973 | ||||||
Raymond Ltd. |
17,500 | 379,531 | ||||||
REC Ltd. |
215,194 | 745,771 | ||||||
Reliance Industries Ltd. |
136,325 | 3,821,824 | ||||||
RITES Ltd. |
58,049 | 343,769 | ||||||
Shriram Finance Ltd. |
8,737 | 201,075 | ||||||
Sonata Software Ltd. |
9,583 | 121,714 | ||||||
India(Continued) | ||||||||
State Bank of India |
170,937 | 1,230,484 | ||||||
Sun Pharmaceutical Industries Ltd. |
67,024 | 932,011 | ||||||
Supreme Industries Ltd. |
1,405 | 69,750 | ||||||
Tata Chemicals Ltd. |
23,147 | 287,659 | ||||||
Tata Motors Ltd. |
145,618 | 1,105,351 | ||||||
Tata Steel Ltd. |
168,697 | 261,880 | ||||||
Tech Mahindra Ltd. |
69,546 | 1,023,878 | ||||||
Torrent Power Ltd. |
46,017 | 407,822 | ||||||
TransIndia Real Estate Ltd. (a) |
29,629 | 15,610 | ||||||
Triveni Turbine Ltd. (a) |
39,954 | 210,750 | ||||||
Tube Investments of India Ltd. |
6,797 | 244,078 | ||||||
Uflex Ltd. |
8,654 | 47,691 | ||||||
UltraTech Cement Ltd. |
914 | 90,974 | ||||||
Union Bank of India Ltd. |
65,467 | 83,758 | ||||||
UPL Ltd. |
101,043 | 749,280 | ||||||
Varun Beverages Ltd. |
55,290 | 632,128 | ||||||
Vedanta Ltd. |
208,510 | 558,224 | ||||||
Voltamp Transformers Ltd. |
1,800 | 97,097 | ||||||
Welspun India Ltd. |
78,228 | 114,102 | ||||||
West Coast Paper Mills Ltd. |
9,521 | 80,891 | ||||||
Wipro Ltd. |
121,298 | 591,997 | ||||||
|
|
|||||||
55,127,956 | ||||||||
|
|
|||||||
Indonesia2.1% | ||||||||
Astra International Tbk PT |
2,573,000 | 1,035,240 | ||||||
Bank Central Asia Tbk PT |
2,546,700 | 1,452,940 | ||||||
Bank Mandiri Persero Tbk PT |
3,808,500 | 1,484,732 | ||||||
Bank Rakyat Indonesia Persero Tbk PT |
5,488,200 | 1,854,732 | ||||||
Indofood Sukses Makmur Tbk PT |
1,715,800 | 734,963 | ||||||
Sumber Alfaria Trijaya Tbk PT |
656,600 | 125,782 | ||||||
United Tractors Tbk PT |
385,600 | 704,027 | ||||||
|
|
|||||||
7,392,416 | ||||||||
|
|
|||||||
Malaysia1.2% | ||||||||
Alliance Bank Malaysia Bhd |
386,200 | 278,134 | ||||||
AMMB Holdings Bhd |
268,654 | 211,622 | ||||||
Berjaya Food Bhd |
311,900 | 49,876 | ||||||
Bermaz Auto Bhd |
336,700 | 178,465 | ||||||
Bumi Armada Bhd (a) |
2,591,100 | 308,805 | ||||||
CIMB Group Holdings Bhd |
486,723 | 562,419 | ||||||
Eco World Development Group Bhd |
130,000 | 29,909 | ||||||
Heineken Malaysia Bhd |
10,900 | 56,444 | ||||||
Hong Leong Financial Group Bhd |
31,400 | 118,376 | ||||||
IOI Corp. Bhd |
392,100 | 332,282 | ||||||
Kuala Lumpur Kepong Bhd |
9,300 | 42,301 | ||||||
Malayan Banking Bhd |
44,367 | 83,039 | ||||||
Padini Holdings Bhd |
33,384 | 28,120 | ||||||
Petronas Chemicals Group Bhd |
278,900 | 426,730 | ||||||
Public Bank Bhd |
209,000 | 180,525 | ||||||
RHB Bank Bhd |
483,021 | 558,310 | ||||||
Sime Darby Plantation Bhd |
361,200 | 330,016 | ||||||
Ta Ann Holdings Bhd |
86,500 | 62,075 | ||||||
Telekom Malaysia Bhd |
63,464 | 66,141 | ||||||
Tenaga Nasional Bhd |
34,000 | 72,335 | ||||||
TSH Resources Bhd |
345,000 | 72,704 | ||||||
UMW Holdings Bhd |
91,600 | 93,047 |
BHFTI-312
Table of Contents
Brighthouse Funds Trust I
SSGA Emerging Markets Enhanced Index Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Malaysia(Continued) | ||||||||
United Plantations Bhd |
18,900 | $ | 67,003 | |||||
YTL Power International Bhd |
101,800 | 44,436 | ||||||
|
|
|||||||
4,253,114 | ||||||||
|
|
|||||||
Mexico2.9% | ||||||||
Alfa SAB de CV - Class A |
350,900 | 228,732 | ||||||
Alsea SAB de CV (a) |
67,000 | 244,510 | ||||||
America Movil SAB de CV |
2,227,573 | 1,923,682 | ||||||
Arca Continental SAB de CV |
89,200 | 812,640 | ||||||
Banco del Bajio SA |
178,900 | 560,593 | ||||||
Cemex SAB de CV (ADR) (a) |
176,700 | 1,148,550 | ||||||
Fibra Uno Administracion SA de CV (b) |
643,400 | 1,076,179 | ||||||
Fomento Economico Mexicano SAB de CV |
37,000 | 403,343 | ||||||
GMexico Transportes SAB de CV - Class C |
22,800 | 53,574 | ||||||
Grupo Bimbo SAB de CV - Series A |
196,700 | 945,605 | ||||||
Grupo Financiero Banorte SAB de CV - Class O |
131,300 | 1,100,501 | ||||||
Grupo Mexico SAB de CV - Series B |
34,600 | 163,515 | ||||||
Orbia Advance Corp. SAB de CV |
250,900 | 520,876 | ||||||
Southern Copper Corp. |
2,100 | 158,109 | ||||||
TF Administradora Industrial S de Real de CV |
9,849 | 17,435 | ||||||
Wal-Mart de Mexico SAB de CV |
170,500 | 643,551 | ||||||
|
|
|||||||
10,001,395 | ||||||||
|
|
|||||||
Peru0.1% | ||||||||
Credicorp Ltd. |
1,400 | 179,158 | ||||||
Sociedad Minera Cerro Verde SAA |
2,082 | 63,501 | ||||||
|
|
|||||||
242,659 | ||||||||
|
|
|||||||
Philippines0.4% | ||||||||
Bank of the Philippine Islands |
39,881 | 78,961 | ||||||
Bloomberry Resorts Corp. (a) |
225,900 | 40,312 | ||||||
DMCI Holdings, Inc. |
1,340,200 | 246,844 | ||||||
International Container Terminal Services, Inc. |
162,670 | 594,373 | ||||||
Metropolitan Bank & Trust Co. |
186,980 | 178,169 | ||||||
PLDT, Inc. |
5,540 | 115,173 | ||||||
Semirara Mining & Power Corp. |
195,600 | 120,643 | ||||||
Universal Robina Corp. |
29,360 | 61,657 | ||||||
|
|
|||||||
1,436,132 | ||||||||
|
|
|||||||
Poland0.8% | ||||||||
Bank Polska Kasa Opieki SA |
35,294 | 810,889 | ||||||
Budimex SA |
431 | 42,862 | ||||||
Dino Polska SA (a) |
1,730 | 139,810 | ||||||
KRUK SA (a) |
3,295 | 310,565 | ||||||
LPP SA |
35 | 103,529 | ||||||
Powszechna Kasa Oszczednosci Bank Polski SA (a) |
124,846 | 986,652 | ||||||
Powszechny Zaklad Ubezpieczen SA |
12,840 | 121,490 | ||||||
XTB SA |
13,118 | 92,209 | ||||||
|
|
|||||||
2,608,006 | ||||||||
|
|
|||||||
Qatar0.8% | ||||||||
Commercial Bank PSQC |
189,071 | 280,548 | ||||||
Industries Qatar QSC |
35,057 | 132,058 | ||||||
Ooredoo QPSC |
267,383 | 784,269 | ||||||
Qatar Gas Transport Co. Ltd. |
101,052 | 103,239 | ||||||
Qatar(Continued) | ||||||||
Qatar International Islamic Bank QSC |
112,534 | 296,690 | ||||||
Qatar Islamic Bank SAQ |
104,364 | 531,976 | ||||||
Qatar National Bank QPSC |
136,984 | 579,523 | ||||||
Vodafone Qatar QSC |
183,583 | 90,831 | ||||||
|
|
|||||||
2,799,134 | ||||||||
|
|
|||||||
Russia0.0% | ||||||||
Gazprom PJSC (a) (c) (d) |
595,658 | 0 | ||||||
Lukoil PJSC (a) (c) (d) |
28,706 | 0 | ||||||
MMC Norilsk Nickel PJSC (ADR) (a) (c) (d) |
9,141 | 0 | ||||||
Mobile TeleSystems PJSC (a) (c) (d) |
253,200 | 0 | ||||||
Novatek PJSC (GDR) (a) (c) (d) |
1,686 | 0 | ||||||
Novolipetsk Steel PJSC (GDR) (a) (c) (d) |
19,696 | 0 | ||||||
PhosAgro PJSC (a) (c) (d) |
287 | 0 | ||||||
PhosAgro PJSC (GDR) (a) (c) (d) |
44,560 | 0 | ||||||
Rosneft Oil Co. PJSC (a) (c) (d) |
77,745 | 0 | ||||||
Sberbank of Russia PJSC (a) (c) (d) |
879,480 | 0 | ||||||
Severstal PAO (GDR) (a) (c) (d) |
30,364 | 0 | ||||||
Tatneft PJSC (ADR) (a) (c) (d) |
7,842 | 0 | ||||||
X5 Retail Group NV (GDR) (a) (c) (d) |
23,631 | 0 | ||||||
|
|
|||||||
0 | ||||||||
|
|
|||||||
Saudi Arabia4.2% | ||||||||
Abdullah Al Othaim Markets Co. |
96,788 | 350,092 | ||||||
Al Rajhi Bank |
65,628 | 1,188,307 | ||||||
Alinma Bank |
105,307 | 937,097 | ||||||
Almarai Co. JSC |
16,370 | 278,095 | ||||||
Arab National Bank |
110,549 | 707,003 | ||||||
Arabian Centres Co. Ltd. |
9,540 | 50,629 | ||||||
Arriyadh Development Co. |
14,702 | 83,187 | ||||||
Astra Industrial Group |
9,151 | 214,784 | ||||||
Banque Saudi Fransi |
68,606 | 667,730 | ||||||
Etihad Etisalat Co. |
73,096 | 868,969 | ||||||
Leejam Sports Co. JSC |
5,269 | 199,798 | ||||||
Mouwasat Medical Services Co. |
16 | 439 | ||||||
Nahdi Medical Co. |
3,600 | 138,408 | ||||||
National Industrialization Co. - Class C (a) |
114,561 | 388,049 | ||||||
National Medical Care Co. |
5,108 | 167,198 | ||||||
Riyad Bank |
129,214 | 956,026 | ||||||
SABIC Agri-Nutrients Co. |
26,355 | 934,712 | ||||||
Sahara International Petrochemical Co. |
74,581 | 752,329 | ||||||
Saudi Arabian Mining Co. (a) |
26,271 | 282,757 | ||||||
Saudi Arabian Oil Co. |
77,669 | 724,872 | ||||||
Saudi Aramco Base Oil Co. |
4,567 | 181,333 | ||||||
Saudi Awwal Bank |
31,121 | 286,277 | ||||||
Saudi Basic Industries Corp. |
47,291 | 1,040,762 | ||||||
Saudi Electricity Co. |
127,654 | 648,827 | ||||||
Saudi National Bank |
79,202 | 693,220 | ||||||
Saudi Telecom Co. |
163,927 | 1,643,784 | ||||||
United Electronics Co. |
244 | 4,913 | ||||||
|
|
|||||||
14,389,597 | ||||||||
|
|
BHFTI-313
Table of Contents
Brighthouse Funds Trust I
SSGA Emerging Markets Enhanced Index Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
South Africa3.0% | ||||||||
Absa Group Ltd. |
57,173 | $ | 525,866 | |||||
African Rainbow Minerals Ltd. |
28,347 | 255,181 | ||||||
Anglo American Platinum Ltd. |
5,622 | 209,603 | ||||||
Exxaro Resources Ltd. |
6,056 | 55,085 | ||||||
FirstRand Ltd. |
121,796 | 410,475 | ||||||
Fortress Real Estate Investments Ltd. (a) |
92,373 | 62,732 | ||||||
Gold Fields Ltd. |
26,162 | 284,356 | ||||||
Impala Platinum Holdings Ltd. |
67,685 | 351,995 | ||||||
Investec Ltd. |
52,052 | 297,248 | ||||||
KAP Ltd. |
192,476 | 24,408 | ||||||
Kumba Iron Ore Ltd. |
17,155 | 412,046 | ||||||
Momentum Metropolitan Holdings |
191,187 | 199,062 | ||||||
Motus Holdings Ltd. |
50,551 | 250,168 | ||||||
Naspers Ltd. - Class N |
10,665 | 1,701,949 | ||||||
Northam Platinum Holdings Ltd. (a) |
30,339 | 184,234 | ||||||
Old Mutual Ltd. |
483,946 | 308,520 | ||||||
Omnia Holdings Ltd. |
37,943 | 112,852 | ||||||
OUTsurance Group Ltd. |
285,147 | 644,329 | ||||||
Sappi Ltd. |
99,191 | 231,137 | ||||||
Sasol Ltd. |
3,326 | 45,770 | ||||||
Shoprite Holdings Ltd. (b) |
71,508 | 905,676 | ||||||
Sibanye Stillwater Ltd. |
318,152 | 489,455 | ||||||
Standard Bank Group Ltd. |
139,129 | 1,348,510 | ||||||
Sun International Ltd. |
28,415 | 62,687 | ||||||
Super Group Ltd. |
27,071 | 47,274 | ||||||
Truworths International Ltd. |
121,292 | 488,778 | ||||||
Woolworths Holdings Ltd. |
157,971 | 564,704 | ||||||
Zeda Ltd. (a) |
30,680 | 18,803 | ||||||
|
|
|||||||
10,492,903 | ||||||||
|
|
|||||||
South Korea11.8% | ||||||||
BGF retail Co. Ltd. |
4,571 | 477,460 | ||||||
Celltrion, Inc. |
473 | 48,818 | ||||||
Chong Kun Dang Pharmaceutical Corp. |
2,633 | 182,530 | ||||||
Daishin Securities Co. Ltd. |
7,336 | 79,148 | ||||||
DB Insurance Co. Ltd. |
14,538 | 962,832 | ||||||
Doosan Bobcat, Inc. |
18,675 | 701,726 | ||||||
GS Holdings Corp. |
5,723 | 168,599 | ||||||
Hana Financial Group, Inc. |
33,858 | 1,064,780 | ||||||
Hankook Tire & Technology Co. Ltd. |
22,455 | 657,294 | ||||||
Hanwha Aerospace Co. Ltd. |
4,052 | 314,014 | ||||||
HD Hyundai Co. Ltd. |
4,187 | 205,354 | ||||||
Hyundai Glovis Co. Ltd. |
5,704 | 779,230 | ||||||
Hyundai Mobis Co. Ltd. |
3,750 | 668,083 | ||||||
Hyundai Motor Co. |
11,694 | 1,655,464 | ||||||
ISU Chemical Co. Ltd. |
5,479 | 61,701 | ||||||
JYP Entertainment Corp. |
1,069 | 88,925 | ||||||
KB Financial Group, Inc. |
33,997 | 1,398,311 | ||||||
KG Chemical Corp. |
35,755 | 189,459 | ||||||
Kia Corp. |
24,556 | 1,473,861 | ||||||
Korea Investment Holdings Co. Ltd. |
2,864 | 112,647 | ||||||
Korean Air Lines Co. Ltd. |
32,405 | 522,101 | ||||||
Korean Reinsurance Co. |
786 | 4,798 | ||||||
KT&G Corp. |
10,567 | 675,702 | ||||||
Kumho Petrochemical Co. Ltd. |
4,665 | 462,219 | ||||||
LG Chem Ltd. |
1,586 | 583,107 | ||||||
LG Corp. |
3,484 | 215,739 | ||||||
South Korea(Continued) | ||||||||
LG Electronics, Inc. |
12,610 | 942,436 | ||||||
LG Energy Solution Ltd. (a) |
276 | 97,414 | ||||||
LG Innotek Co. Ltd. |
3,412 | 617,897 | ||||||
LS Corp. |
1,163 | 87,502 | ||||||
Mirae Asset Securities Co. Ltd. |
146,330 | 699,168 | ||||||
NAVER Corp. |
2,079 | 310,245 | ||||||
NCSoft Corp. |
360 | 59,330 | ||||||
NH Investment & Securities Co. Ltd. - Class C |
25,346 | 191,913 | ||||||
OCI Holdings Co. Ltd. |
397 | 28,585 | ||||||
Orion Corp. |
798 | 75,856 | ||||||
Orion Holdings Corp. |
3,874 | 43,859 | ||||||
POSCO Holdings, Inc. |
4,977 | 1,950,332 | ||||||
PSK, Inc. |
6,469 | 92,314 | ||||||
Samsung C&T Corp. |
4,804 | 382,245 | ||||||
Samsung Electro-Mechanics Co. Ltd. |
5,561 | 568,082 | ||||||
Samsung Electronics Co. Ltd. |
263,970 | 13,374,031 | ||||||
Samsung Engineering Co. Ltd. (a) |
4,708 | 105,489 | ||||||
Samsung Fire & Marine Insurance Co. Ltd. |
3,439 | 662,321 | ||||||
Samsung Life Insurance Co. Ltd. |
18,177 | 945,717 | ||||||
Samsung SDI Co. Ltd. |
1,788 | 678,019 | ||||||
Samsung Securities Co. Ltd. |
29,764 | 810,251 | ||||||
Shinhan Financial Group Co. Ltd. |
44,164 | 1,166,177 | ||||||
SK Hynix, Inc. |
33,933 | 2,882,181 | ||||||
Woori Financial Group, Inc. |
8,764 | 79,823 | ||||||
Youngone Corp. |
2,029 | 72,611 | ||||||
|
|
|||||||
40,677,700 | ||||||||
|
|
|||||||
Taiwan14.8% | ||||||||
Acter Group Corp. Ltd. |
59,000 | 299,012 | ||||||
Advanced International Multitech Co. Ltd. |
82,000 | 178,957 | ||||||
ASE Technology Holding Co. Ltd. |
328,000 | 1,114,395 | ||||||
Asia Vital Components Co. Ltd. |
3,732 | 39,542 | ||||||
Cathay Financial Holding Co. Ltd. |
66,703 | 92,100 | ||||||
Chicony Power Technology Co. Ltd. |
31,000 | 109,882 | ||||||
Chunghwa Telecom Co. Ltd. |
260,000 | 934,510 | ||||||
Coretronic Corp. |
24,000 | 57,143 | ||||||
CTBC Financial Holding Co. Ltd. |
1,654,000 | 1,257,589 | ||||||
Delta Electronics, Inc. |
44,000 | 442,348 | ||||||
Depo Auto Parts Ind Co. Ltd. |
78,000 | 324,096 | ||||||
Eva Airways Corp. |
79,000 | 72,810 | ||||||
Evergreen Marine Corp. Taiwan Ltd. |
21,800 | 78,413 | ||||||
Far Eastern Department Stores Ltd. |
144,000 | 105,319 | ||||||
Far Eastern New Century Corp. |
121,000 | 107,790 | ||||||
Farglory Land Development Co. Ltd. |
84,000 | 150,453 | ||||||
First Financial Holding Co. Ltd. |
796,531 | 655,142 | ||||||
Fubon Financial Holding Co. Ltd. |
729,155 | 1,372,049 | ||||||
Fusheng Precision Co. Ltd. |
20,000 | 126,092 | ||||||
Gamania Digital Entertainment Co. Ltd. |
133,000 | 272,417 | ||||||
Gigabyte Technology Co. Ltd. |
11,000 | 96,257 | ||||||
Global Brands Manufacture Ltd. |
31,000 | 59,648 | ||||||
Global Mixed Mode Technology, Inc. |
12,000 | 97,235 | ||||||
Goldsun Building Materials Co. Ltd. - Class C |
240,000 | 186,277 | ||||||
Grape King Bio Ltd. |
42,000 | 202,973 | ||||||
Hannstar Board Corp. |
217,000 | 399,327 | ||||||
Hon Hai Precision Industry Co. Ltd. |
828,000 | 2,669,201 | ||||||
Huaku Development Co. Ltd. |
46,000 | 127,966 |
BHFTI-314
Table of Contents
Brighthouse Funds Trust I
SSGA Emerging Markets Enhanced Index Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Taiwan(Continued) | ||||||||
International Games System Co. Ltd. - Class C |
18,000 | $ | 363,840 | |||||
Inventec Corp. |
35,000 | 53,785 | ||||||
Kindom Development Co. Ltd. |
155,100 | 159,106 | ||||||
Kings Town Bank Co. Ltd. |
50,000 | 57,429 | ||||||
Kung Long Batteries Industrial Co. Ltd. |
7,000 | 28,524 | ||||||
Largan Precision Co. Ltd. |
14,000 | 927,377 | ||||||
Lite-On Technology Corp. |
310,000 | 1,178,334 | ||||||
Makalot Industrial Co. Ltd. |
33,000 | 343,783 | ||||||
MediaTek, Inc. |
105,000 | 2,398,774 | ||||||
Micro-Star International Co. Ltd. |
156,000 | 793,554 | ||||||
Novatek Microelectronics Corp. |
78,000 | 1,023,372 | ||||||
Pou Chen Corp. |
821,000 | 728,890 | ||||||
Primax Electronics Ltd. |
136,000 | 291,796 | ||||||
Quanta Computer, Inc. |
246,000 | 1,832,725 | ||||||
Realtek Semiconductor Corp. |
48,000 | 592,360 | ||||||
Shinkong Insurance Co. Ltd. |
61,000 | 114,137 | ||||||
Simplo Technology Co. Ltd. |
34,000 | 353,037 | ||||||
Sinon Corp. |
83,000 | 93,996 | ||||||
SinoPac Financial Holdings Co. Ltd. |
358,993 | 193,783 | ||||||
Taiwan Hon Chuan Enterprise Co. Ltd. |
108,000 | 353,172 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. |
1,322,000 | 21,453,538 | ||||||
Teco Electric & Machinery Co. Ltd. |
196,000 | 316,087 | ||||||
Test Research, Inc. |
28,000 | 52,752 | ||||||
Uni-President Enterprises Corp. |
249,000 | 541,373 | ||||||
Unimicron Technology Corp. |
136,000 | 732,477 | ||||||
United Integrated Services Co. Ltd. |
42,000 | 295,827 | ||||||
United Microelectronics Corp. |
972,000 | 1,362,791 | ||||||
Voltronic Power Technology Corp. |
10,000 | 491,013 | ||||||
Walsin Lihwa Corp. |
63,000 | 71,967 | ||||||
Wan Hai Lines Ltd. |
12,671 | 18,977 | ||||||
Winbond Electronics Corp. (a) |
348,000 | 274,928 | ||||||
Wistron Corp. |
241,000 | 761,098 | ||||||
Yang Ming Marine Transport Corp. |
123 | 173 | ||||||
Yuanta Financial Holding Co. Ltd. |
1,413,848 | 1,097,669 | ||||||
Zhen Ding Technology Holding Ltd. |
27,000 | 82,385 | ||||||
|
|
|||||||
51,063,772 | ||||||||
|
|
|||||||
Thailand1.9% | ||||||||
Advanced Info Service PCL (NVDR) |
62,300 | 389,337 | ||||||
AP Thailand PCL (NVDR) |
2,064,300 | 668,043 | ||||||
Bangkok Bank PCL |
70,800 | 325,685 | ||||||
Bangkok Bank PCL (NVDR) |
72,000 | 331,241 | ||||||
Bangkok Dusit Medical Services PCL (NVDR) |
534,900 | 392,459 | ||||||
Delta Electronics Thailand PCL |
266,900 | 606,549 | ||||||
Ichitan Group PCL |
610,300 | 281,580 | ||||||
Indorama Ventures PCL |
172,400 | 123,101 | ||||||
Indorama Ventures PCL (NVDR) |
550,700 | 392,313 | ||||||
Kiatnakin Phatra Bank PCL (NVDR) |
369,700 | 560,709 | ||||||
Land & Houses PCL (NVDR) |
1,238,300 | 265,103 | ||||||
Siam Cement PCL |
605 | 5,001 | ||||||
SPCG PCL |
70,100 | 23,680 | ||||||
Supalai PCL |
654,500 | 361,289 | ||||||
Supalai PCL (NVDR) |
435,200 | 240,180 | ||||||
Thanachart Capital PCL |
164,100 | 225,335 | ||||||
Tisco Financial Group PCL (NVDR) |
266,800 | 723,868 | ||||||
TMBThanachart Bank PCL |
9,730,700 | 459,644 | ||||||
|
|
|||||||
6,375,117 | ||||||||
|
|
|||||||
Turkey0.9% | ||||||||
AG Anadolu Grubu Holding AS |
12,415 | 97,499 | ||||||
BIM Birlesik Magazalar AS |
26,921 | 268,390 | ||||||
KOC Holding AS |
206,405 | 1,097,673 | ||||||
Tofas Turk Otomobil Fabrikasi AS |
43,338 | 464,528 | ||||||
Turk Hava Yollari AO (a) |
32,297 | 284,237 | ||||||
Turkiye Is Bankasi AS - Class C |
708,828 | 662,451 | ||||||
Yapi ve Kredi Bankasi AS |
255,100 | 171,052 | ||||||
|
|
|||||||
3,045,830 | ||||||||
|
|
|||||||
United Arab Emirates1.2% | ||||||||
Abu Dhabi Commercial Bank PJSC |
252,344 | 594,397 | ||||||
Abu Dhabi Islamic Bank PJSC |
214,007 | 655,893 | ||||||
Air Arabia PJSC |
514,292 | 393,439 | ||||||
Dubai Islamic Bank PJSC |
387,739 | 617,596 | ||||||
Emirates NBD Bank PJSC |
268,056 | 1,299,344 | ||||||
Emirates Telecommunications Group Co. PJSC |
68,407 | 380,694 | ||||||
Fertiglobe PLC |
117,656 | 111,809 | ||||||
First Abu Dhabi Bank PJSC |
56,467 | 209,131 | ||||||
|
|
|||||||
4,262,303 | ||||||||
|
|
|||||||
Total Common Stocks |
335,141,858 | |||||||
|
|
|||||||
Preferred Stocks2.1% | ||||||||
Brazil1.6% | ||||||||
Banco Bradesco SA |
164,536 | 468,087 | ||||||
Cia Energetica de Minas Gerais |
324,849 | 802,016 | ||||||
Gerdau SA |
181,750 | 872,493 | ||||||
Itausa SA |
586,274 | 1,055,551 | ||||||
Petroleo Brasileiro SA |
320,300 | 2,207,318 | ||||||
Randon SA Implementos e Participacoes |
33,600 | 77,941 | ||||||
Unipar Carbocloro SA - Class B |
15,880 | 255,992 | ||||||
|
|
|||||||
5,739,398 | ||||||||
|
|
|||||||
Chile0.0% | ||||||||
Sociedad Quimica y Minera de Chile SA - Class B , |
500 | 29,737 | ||||||
|
|
|||||||
Colombia0.0% | ||||||||
Bancolombia SA |
14,973 | 99,379 | ||||||
|
|
|||||||
South Korea0.5% | ||||||||
Samsung Electronics Co. Ltd. |
39,702 | 1,602,875 | ||||||
|
|
|||||||
Taiwan0.0% | ||||||||
China Development Financial Holding Corp. (a) |
5,460 | 1,120 | ||||||
|
|
|||||||
Total Preferred Stocks |
7,472,509 | |||||||
|
|
|||||||
Short-Term Investment0.2% | ||||||||
Mutual Funds0.2% | ||||||||
Invesco STIC Prime Portfolio, Institutional Class |
810,254 | 810,335 | ||||||
|
|
|||||||
Total Short-Term Investments |
810,335 | |||||||
|
|
BHFTI-315
Table of Contents
Brighthouse Funds Trust I
SSGA Emerging Markets Enhanced Index Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (f)0.5%
Security Description | Shares/ Principal Amount* |
Value | ||||||
Repurchase Agreements0.3% | ||||||||
BofA Securities, Inc. |
249,496 | $ | 249,496 | |||||
Cantor Fitzgerald & Co. |
128,273 | 128,273 | ||||||
Citigroup Global Markets, Inc. |
41,780 | 41,780 | ||||||
HSBC Securities, Inc. |
300,000 | 300,000 | ||||||
Santander U.S. Capital Markets LLC |
225,000 | 225,000 | ||||||
TD Prime Services LLC |
50,000 | 50,000 | ||||||
|
|
|||||||
994,549 | ||||||||
|
|
|||||||
Mutual Funds0.2% | ||||||||
Allspring Government Money Market Fund, Select Class |
50,000 | 50,000 | ||||||
BlackRock Liquidity Funds FedFund, Institutional Shares |
50,000 | 50,000 | ||||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (e) |
50,000 | 50,000 | ||||||
Fidelity Investments Money Market Government Portfolio, Class I |
100,000 | 100,000 | ||||||
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.240% (e) |
50,000 | 50,000 | ||||||
HSBC U.S. Government Money Market Fund, Class I |
84,501 | 84,501 | ||||||
Mutual Funds(Continued) | ||||||||
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 5.270% (e) |
50,000 | 50,000 | ||||||
RBC U.S. Government Money Market Fund, Institutional Shares |
100,000 | 100,000 | ||||||
STIT-Government & Agency Portfolio, Institutional Class |
50,000 | 50,000 | ||||||
|
|
|||||||
584,501 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
1,579,050 | |||||||
|
|
|||||||
Total Investments100.0% |
345,003,752 | |||||||
Other assets and liabilities (net)0.0% |
(160,635 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 344,843,117 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2023, the market value of restricted securities was $0, which is 0.0% of net assets. See details shown in the Restricted Securities table that follows. | |||
(a) | Non-income producing security. | |||
(b) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $3,184,041 and the collateral received consisted of cash in the amount of $1,579,050 and non-cash collateral with a value of $1,758,384. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third- party custodian, and cannot be sold or repledged by the Portfolio. | |||
(c) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |||
(d) | Security was valued in good faith under procedures subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent less than 0.05% of net assets. | |||
(e) | The rate shown represents the annualized seven-day yield as of September 30, 2023. | |||
(f) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. |
Restricted Securities |
Acquisition Date |
Shares | Cost | Value | ||||||||||||
Sberbank of Russia PJSC |
04/29/19-05/10/21 | 879,480 | $ | 3,157,857 | $ | 0 | ||||||||||
|
|
Ten Largest Industries as of |
% of |
|||
Banks |
15.8 | |||
Semiconductors & Semiconductor Equipment |
9.1 | |||
Technology Hardware, Storage & Peripherals |
6.2 | |||
Interactive Media & Services |
5.3 | |||
Oil, Gas & Consumable Fuels |
5.3 | |||
Broadline Retail |
5.1 | |||
Metals & Mining |
3.9 | |||
Automobiles |
3.0 | |||
Insurance |
2.9 | |||
Chemicals |
2.8 |
BHFTI-316
Table of Contents
Brighthouse Funds Trust I
SSGA Emerging Markets Enhanced Index Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Futures Contracts
Futures ContractsLong |
Expiration Date |
Number of Contracts |
Notional Amount |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
MSCI Emerging Markets Index Mini Futures |
12/15/23 | 100 | USD | 4,777,500 | $ | (146,912 | ) | |||||||||||||
|
|
Glossary of Abbreviations
Currencies
(USD) | United States Dollar |
Other Abbreviations
(ADR) | American Depositary Receipt | |||
(GDR) | Global Depositary Receipt | |||
(NVDR) | Non-Voting Depository Receipts |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
| |||||||||||||||
Brazil |
$ | 12,492,970 | $ | | $ | | $ | 12,492,970 | ||||||||
Chile |
1,880,148 | | | 1,880,148 | ||||||||||||
China |
10,839,402 | 90,442,893 | | 101,282,295 | ||||||||||||
Czech Republic |
| 1,126,436 | | 1,126,436 | ||||||||||||
Egypt |
| 623,505 | | 623,505 | ||||||||||||
Greece |
36,951 | 2,203,571 | | 2,240,522 | ||||||||||||
Hong Kong |
| 939,150 | | 939,150 | ||||||||||||
Hungary |
| 388,798 | | 388,798 | ||||||||||||
India |
4,070,337 | 51,057,619 | | 55,127,956 | ||||||||||||
Indonesia |
| 7,392,416 | | 7,392,416 | ||||||||||||
Malaysia |
| 4,253,114 | | 4,253,114 | ||||||||||||
Mexico |
10,001,395 | | | 10,001,395 | ||||||||||||
Peru |
242,659 | | | 242,659 | ||||||||||||
Philippines |
| 1,436,132 | | 1,436,132 | ||||||||||||
Poland |
| 2,608,006 | | 2,608,006 | ||||||||||||
Qatar |
| 2,799,134 | | 2,799,134 | ||||||||||||
Russia |
| | 0 | 0 | ||||||||||||
Saudi Arabia |
| 14,389,597 | | 14,389,597 | ||||||||||||
South Africa |
| 10,492,903 | | 10,492,903 | ||||||||||||
South Korea |
| 40,677,700 | | 40,677,700 | ||||||||||||
Taiwan |
| 51,063,772 | | 51,063,772 | ||||||||||||
Thailand |
2,411,864 | 3,963,253 | | 6,375,117 |
BHFTI-317
Table of Contents
Brighthouse Funds Trust I
SSGA Emerging Markets Enhanced Index Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy(Continued)
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Turkey |
$ | | $ | 3,045,830 | $ | | $ | 3,045,830 | ||||||||
United Arab Emirates |
| 4,262,303 | | 4,262,303 | ||||||||||||
Total Common Stocks |
41,975,726 | 293,166,132 | 0 | 335,141,858 | ||||||||||||
Preferred Stocks |
| |||||||||||||||
Brazil |
5,739,398 | | | 5,739,398 | ||||||||||||
Chile |
29,737 | | | 29,737 | ||||||||||||
Colombia |
99,379 | | | 99,379 | ||||||||||||
South Korea |
| 1,602,875 | | 1,602,875 | ||||||||||||
Taiwan |
| 1,120 | | 1,120 | ||||||||||||
Total Preferred Stocks |
5,868,514 | 1,603,995 | | 7,472,509 | ||||||||||||
Total Short-Term Investment* |
810,335 | | | 810,335 | ||||||||||||
Securities Lending Reinvestments |
| |||||||||||||||
Repurchase Agreements |
| 994,549 | | 994,549 | ||||||||||||
Mutual Funds |
584,501 | | | 584,501 | ||||||||||||
Total Securities Lending Reinvestments |
584,501 | 994,549 | | 1,579,050 | ||||||||||||
Total Investments |
$ | 49,239,076 | $ | 295,764,676 | $ | 0 | $ | 345,003,752 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (1,579,050 | ) | $ | | $ | (1,579,050 | ) | ||||||
Futures Contracts |
| |||||||||||||||
Futures Contracts (Unrealized Depreciation) |
$ | (146,912 | ) | $ | | $ | | $ | (146,912 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2023 is not presented.
BHFTI-318
Table of Contents
Brighthouse Funds Trust I
SSGA Growth and Income ETF Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Mutual Funds88.6% of Net Assets
Security Description | Shares/ Principal Amount* |
Value | ||||||
Investment Company Securities88.6% | ||||||||
Consumer Discretionary Select Sector SPDR Fund (a) (b) |
198,098 | $ | 31,889,816 | |||||
Energy Select Sector SPDR Fund (a) (b) |
375,370 | 33,929,694 | ||||||
Industrial Select Sector SPDR Fund (a) (b) |
325,205 | 32,969,283 | ||||||
iShares 0-5 Year TIPS Bond ETF |
703,817 | 68,213,944 | ||||||
iShares 20+ Year Treasury Bond ETF |
274,254 | 24,323,587 | ||||||
iShares Core MSCI Emerging Markets ETF (a) |
3,139,527 | 149,410,090 | ||||||
iShares Core S&P 500 ETF |
418,703 | 179,803,629 | ||||||
iShares Core S&P Mid-Cap ETF (a) |
199,101 | 49,645,834 | ||||||
iShares Core S&P Small-Cap ETF (a) |
1,138,550 | 107,399,421 | ||||||
SPDR Blackstone Senior Loan ETF (a) (b) |
1,020,247 | 42,778,957 | ||||||
SPDR Bloomberg Emerging Markets Local Bond ETF (b) |
2,102,717 | 41,696,878 | ||||||
SPDR Bloomberg High Yield Bond ETF (a) (b) |
467,589 | 42,270,046 | ||||||
SPDR Gold Shares (a) (b) (c) |
191,768 | 32,878,624 | ||||||
SPDR Portfolio Developed World ex-U.S. ETF (a) (b) |
5,074,423 | 157,357,857 | ||||||
SPDR S&P 500 ETF Trust (a) (b) |
707,685 | 302,521,184 | ||||||
SPDR S&P International Small Cap ETF (b) |
1,123,085 | 32,726,697 | ||||||
Vanguard Total Bond Market ETF |
1,931,346 | 134,769,324 | ||||||
|
|
|||||||
Total Mutual Funds |
1,464,584,865 | |||||||
|
|
|||||||
Short-Term Investment11.3% |
| |||||||
Mutual Funds11.3% | ||||||||
Invesco STIC Prime Portfolio, Institutional Class |
186,541,158 | 186,559,812 | ||||||
|
|
|||||||
Total Short-Term Investments |
186,559,812 | |||||||
|
|
|||||||
Securities Lending Reinvestments (e)22.5% |
| |||||||
Certificates of Deposit4.7% | ||||||||
Bank of America N.A. |
7,000,000 | 7,000,945 | ||||||
Bank of Montreal |
5,000,000 | 5,003,215 | ||||||
Bank of Nova Scotia |
5,000,000 | 5,000,375 | ||||||
BNP Paribas SA |
5,000,000 | 4,999,760 | ||||||
Canadian Imperial Bank of Commerce (NY) |
4,000,000 | 4,000,392 | ||||||
Credit Industriel et Commercial |
5,000,000 | 4,999,560 | ||||||
Mitsubishi UFJ Trust & Banking Corp. | ||||||||
Zero Coupon, 10/20/23 |
2,000,000 | 1,993,800 | ||||||
Mizuho Bank Ltd. |
5,000,000 | 5,000,245 | ||||||
MUFG Bank Ltd. (London) | ||||||||
Zero Coupon, 11/20/23 |
1,000,000 | 992,190 | ||||||
Nordea Bank Abp |
6,000,000 | 6,000,912 | ||||||
Oversea-Chinese Banking Corp. Ltd. |
10,000,000 | 10,001,460 | ||||||
Certificates of Deposit(Continued) | ||||||||
Standard Chartered Bank |
2,000,000 | 2,000,000 | ||||||
Sumitomo Mitsui Banking Corp. |
5,000,000 | 5,004,655 | ||||||
Sumitomo Mitsui Trust Bank Ltd. |
6,000,000 | 6,000,318 | ||||||
Svenska Handelsbanken AB |
5,000,000 | 5,003,025 | ||||||
Toronto-Dominion Bank |
5,000,000 | 5,000,475 | ||||||
|
|
|||||||
78,001,327 | ||||||||
|
|
|||||||
Commercial Paper1.5% | ||||||||
Bedford Row Funding Corp. |
5,000,000 | 5,000,265 | ||||||
National Australia Bank Ltd. |
7,000,000 | 7,001,540 | ||||||
Old Line Funding LLC |
2,000,000 | 1,999,998 | ||||||
Skandinaviska Enskilda Banken AB | ||||||||
5.680%, SOFR + 0.360%, 11/15/23 (f) |
4,000,000 | 4,001,080 | ||||||
5.700%, SOFR + 0.380%, 12/15/23 (f) |
7,000,000 | 7,002,800 | ||||||
|
|
|||||||
25,005,683 | ||||||||
|
|
|||||||
Repurchase Agreements9.7% | ||||||||
Barclays Bank PLC |
10,000,000 | 10,000,000 | ||||||
Cantor Fitzgerald & Co. |
11,050,000 | 11,050,000 | ||||||
Citigroup Global Markets, Inc. | ||||||||
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $5,027,319; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $5,100,366. |
5,000,000 | 5,000,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $10,301,653; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $10,629,713. |
10,000,000 | 10,000,000 |
BHFTI-319
Table of Contents
Brighthouse Funds Trust I
SSGA Growth and Income ETF Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (e)(Continued)
Security Description | Shares/ Principal Amount* |
Value | ||||||
Repurchase Agreements(Continued) | ||||||||
ING Financial Markets LLC |
49,424,633 | $ | 49,424,633 | |||||
National Bank Financial, Inc. |
950,000 | 950,000 | ||||||
National Bank of Canada | ||||||||
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $13,513,965; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $13,834,524. |
13,500,000 | 13,500,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $18,019,075; collateralized by various Common Stock with an aggregate market value of $20,087,773. |
18,000,000 | 18,000,000 | ||||||
Natwest Markets Securities, Inc. |
32,244,365 | 32,244,365 | ||||||
Royal Bank of Canada Toronto |
10,000,000 | 10,000,000 | ||||||
|
|
|||||||
160,168,998 | ||||||||
|
|
|||||||
Time Deposits2.1% | ||||||||
Barclays (NY) |
3,000,000 | 3,000,000 | ||||||
First Abu Dhabi Bank USA NV |
15,000,000 | 15,000,000 | ||||||
National Bank of Canada | ||||||||
5.370%, OBFR + 0.050%, 10/06/23 (f) |
7,000,000 | 7,000,000 | ||||||
5.390%, OBFR + 0.070%, 10/06/23 (f) |
10,000,000 | 10,000,000 | ||||||
|
|
|||||||
35,000,000 | ||||||||
|
|
|||||||
Mutual Funds4.5% | ||||||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class |
30,000,000 | 30,000,000 | ||||||
Fidelity Investments Money Market Government Portfolio, Class I |
10,000,000 | 10,000,000 | ||||||
Mutual Funds(Continued) | ||||||||
Goldman Sachs Financial Square Government Fund, Institutional Shares |
10,000,000 | 10,000,000 | ||||||
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares |
20,000,000 | 20,000,000 | ||||||
STIT-Government & Agency Portfolio, Institutional Class |
5,000,000 | 5,000,000 | ||||||
|
|
|||||||
75,000,000 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
373,176,008 | |||||||
|
|
|||||||
Total Investments122.4% |
2,024,320,685 | |||||||
Other assets and liabilities (net)(22.4)% |
(371,127,345 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 1,653,193,340 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
(a) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $462,132,040 and the collateral received consisted of cash in the amount of $373,126,188 and non-cash collateral with a value of $100,987,440. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
(b) | Affiliated Issuer. | |||
(c) | Non-income producing security. | |||
(d) | The rate shown represents the annualized seven-day yield as of September 30, 2023. | |||
(e) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(f) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. |
Glossary of Abbreviations
Index Abbreviations
(FEDEFF PRV) | Effective Federal Funds Rate | |||
(OBFR) | U.S. Overnight Bank Funding Rate | |||
(SOFR) | Secured Overnight Financing Rate |
Other Abbreviations
(ETF) | Exchange-Traded Fund |
BHFTI-320
Table of Contents
Brighthouse Funds Trust I
SSGA Growth and Income ETF Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Mutual Funds |
| |||||||||||||||
Investment Company Securities |
$ | 1,464,584,865 | $ | | $ | | $ | 1,464,584,865 | ||||||||
Total Short-Term Investment* |
186,559,812 | | | 186,559,812 | ||||||||||||
Securities Lending Reinvestments |
| |||||||||||||||
Certificates of Deposit |
| 78,001,327 | | 78,001,327 | ||||||||||||
Commercial Paper |
| 25,005,683 | | 25,005,683 | ||||||||||||
Repurchase Agreements |
| 160,168,998 | | 160,168,998 | ||||||||||||
Time Deposits |
| 35,000,000 | | 35,000,000 | ||||||||||||
Mutual Funds |
75,000,000 | | | 75,000,000 | ||||||||||||
Total Securities Lending Reinvestments |
75,000,000 | 298,176,008 | | 373,176,008 | ||||||||||||
Total Investments |
$ | 1,726,144,677 | $ | 298,176,008 | $ | | $ | 2,024,320,685 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (373,126,188 | ) | $ | | $ | (373,126,188 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
BHFTI-321
Table of Contents
Brighthouse Funds Trust I
Schedule of Investments as of September 30, 2023 (Unaudited)
Mutual Funds93.4% of Net Assets
Security Description | Shares/ Principal Amount* |
Value | ||||||
Investment Company Securities93.4% | ||||||||
Consumer Discretionary Select Sector SPDR Fund (a)(b) |
125,424 | $ | 20,190,756 | |||||
Energy Select Sector SPDR Fund (a)(b) |
236,782 | 21,402,725 | ||||||
Industrial Select Sector SPDR Fund (a)(b) |
205,522 | 20,835,820 | ||||||
iShares 20+ Year Treasury Bond ETF (b) |
76,965 | 6,826,026 | ||||||
iShares Core MSCI Emerging Markets ETF |
1,689,833 | 80,419,152 | ||||||
iShares Core S&P 500 ETF (b) |
208,421 | 89,502,230 | ||||||
iShares Core S&P Mid-Cap ETF (b) |
125,813 | 31,371,472 | ||||||
iShares Core S&P Small-Cap ETF (b) |
627,244 | 59,167,926 | ||||||
SPDR Blackstone Senior Loan ETF (a)(b) |
258,301 | 10,830,561 | ||||||
SPDR Bloomberg Emerging Markets Local Bond ETF (a)(b) |
531,273 | 10,535,144 | ||||||
SPDR Bloomberg High Yield Bond ETF (a)(b) |
118,127 | 10,678,681 | ||||||
SPDR Gold Shares (a)(b)(c) |
121,131 | 20,767,910 | ||||||
SPDR Portfolio Developed World ex-U.S. ETF (a)(b) |
3,146,010 | 97,557,770 | ||||||
SPDR S&P 500 ETF Trust (a)(b) |
338,559 | 144,727,201 | ||||||
SPDR S&P International Small Cap ETF (a)(b) |
710,895 | 20,715,480 | ||||||
|
|
|||||||
Total Mutual Funds |
645,528,854 | |||||||
|
|
|||||||
Short-Term Investment6.5% | ||||||||
Mutual Funds6.5% | ||||||||
Invesco STIC Prime Portfolio, Institutional Class 5.290% (f) |
45,177,977 | 45,182,495 | ||||||
|
|
|||||||
Total Short-Term Investments |
45,182,495 | |||||||
|
|
|||||||
Securities Lending Reinvestments(d)22.5% |
| |||||||
Certificates of Deposit3.6% | ||||||||
Bank of America N.A. |
2,000,000 | 2,000,270 | ||||||
BNP Paribas SA |
3,000,000 | 2,999,856 | ||||||
Canadian Imperial Bank of Commerce (NY) |
3,000,000 | 3,000,294 | ||||||
Credit Agricole Corporate & Investment Bank |
1,000,000 | 1,000,133 | ||||||
Credit Industriel et Commercial |
4,000,000 | 3,999,648 | ||||||
Mitsubishi UFJ Trust & Banking Corp. |
1,000,000 | 996,900 | ||||||
Mizuho Bank Ltd. |
2,000,000 | 2,000,098 | ||||||
MUFG Bank Ltd. (London) |
1,000,000 | 997,200 | ||||||
Nordea Bank Abp |
3,000,000 | 3,000,456 | ||||||
Oversea-Chinese Banking Corp. Ltd. |
2,000,000 | 2,000,292 | ||||||
Toronto-Dominion Bank |
3,000,000 | 3,001,740 | ||||||
|
|
|||||||
24,996,887 | ||||||||
|
|
|||||||
Commercial Paper0.9% | ||||||||
Skandinaviska Enskilda Banken AB |
3,000,000 | 3,000,810 | ||||||
UBS AG |
3,000,000 | 3,000,000 | ||||||
|
|
|||||||
6,000,810 | ||||||||
|
|
|||||||
Repurchase Agreements12.4% | ||||||||
Cantor Fitzgerald & Co. |
15,000,000 | 15,000,000 | ||||||
Citigroup Global Markets, Inc. |
||||||||
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $1,701,808; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $1,734,042. |
1,700,000 | 1,700,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $4,021,856; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $4,080,292. |
4,000,000 | 4,000,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $5,150,826; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $5,314,856. |
5,000,000 | 5,000,000 | ||||||
ING Financial Markets LLC. |
32,377,808 | 32,377,808 | ||||||
National Bank of Canada |
6,000,000 | 6,000,000 | ||||||
Natwest Markets Securities, Inc. Repurchase Agreement dated 09/29/23 at 5.280%, due on 10/02/23 with a maturity value of $20,008,800; collateralized by U.S. Treasury Obligations with rates ranging from 0.375% - 3.875%, maturity dates ranging from 01/31/24 - 08/31/29, and an aggregate market value of $20,408,983. |
20,000,000 | 20,000,000 | ||||||
Societe Generale Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $1,700,768; collateralized by various Common Stock with an aggregate market value of $1,892,132. |
1,700,000 | 1,700,000 | ||||||
|
|
|||||||
85,777,808 | ||||||||
|
|
BHFTI-322
Table of Contents
Brighthouse Funds Trust I
SSGA Growth ETF Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (d)(Continued)
Security Description | Shares/ Principal Amount* |
Value | ||||||
Time Deposit0.7% | ||||||||
First Abu Dhabi Bank USA NV |
5,000,000 | $ | 5,000,000 | |||||
|
|
|||||||
Mutual Funds4.9% | ||||||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional |
15,000,000 | 15,000,000 | ||||||
Fidelity Investments Money Market Government Portfolio, |
1,000,000 | 1,000,000 | ||||||
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.240% (f) |
1,000,000 | 1,000,000 | ||||||
HSBC U.S. Government Money Market Fund, Class I 5.270% (f) |
1,000,000 | 1,000,000 | ||||||
RBC U.S. Government Money Market Fund, Institutional Shares 5.270% (f) |
10,000,000 | 10,000,000 | ||||||
STIT-Government & Agency Portfolio, Institutional |
5,000,000 | 5,000,000 | ||||||
Western Asset Institutional Government Reserves Fund, Institutional Class 5.250% (f) |
1,000,000 | 1,000,000 | ||||||
|
|
|||||||
34,000,000 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
155,775,505 | |||||||
|
|
|||||||
Total Investments 122.4% |
846,486,854 | |||||||
Other assets and liabilities (net)(22.4)% |
(154,973,912 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 691,512,942 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
(a) | Affiliated Issuer. | |||
(b) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $196,964,679 and the collateral received consisted of cash in the amount of $155,749,466 and non-cash collateral with a value of $46,364,425. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
(c) | Non-income producing security. | |||
(d) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(e) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
(f) | The rate shown represents the annualized seven-day yield as of September 30, 2023. |
Glossary of Abbreviations
Index Abbreviations
(FEDEFF PRV) | | Effective Federal Funds Rate | ||||
(SOFR) | | Secured Overnight Financing Rate |
Other Abbreviations
(ETF) | | Exchange-Traded Fund |
BHFTI-323
Table of Contents
Brighthouse Funds Trust I
SSGA Growth ETF Portfolio
Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Mutual Funds |
| |||||||||||||||
Investment Company Securities |
$ | 645,528,854 | $ | | $ | | $ | 645,528,854 | ||||||||
Total Short-Term Investment* |
45,182,495 | | | 45,182,495 | ||||||||||||
Securities Lending Reinvestments |
| |||||||||||||||
Certificates of Deposit |
| 24,996,887 | | 24,996,887 | ||||||||||||
Commercial Paper |
| 6,000,810 | | 6,000,810 | ||||||||||||
Repurchase Agreements |
| 85,777,808 | | 85,777,808 | ||||||||||||
Time Deposit |
| 5,000,000 | | 5,000,000 | ||||||||||||
Mutual Funds |
34,000,000 | | | 34,000,000 | ||||||||||||
Total Securities Lending Reinvestments |
34,000,000 | 121,775,505 | | 155,775,505 | ||||||||||||
Total Investments |
$ | 724,711,349 | $ | 121,775,505 | $ | | $ | 846,486,854 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (155,749,466 | ) | $ | | $ | (155,749,466 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
BHFTI-324
Table of Contents
Brighthouse Funds Trust I
T. Rowe Price Large Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks98.0% of Net Assets
Security Description | Shares | Value | ||||||
Aerospace & Defense2.4% | ||||||||
Boeing Co. (a) |
53,000 | $ | 10,159,040 | |||||
L3Harris Technologies, Inc. |
273,031 | 47,540,158 | ||||||
|
|
|||||||
57,699,198 | ||||||||
|
|
|||||||
Air Freight & Logistics0.7% | ||||||||
United Parcel Service, Inc. - Class B |
114,034 | 17,774,480 | ||||||
|
|
|||||||
Banks8.5% | ||||||||
Bank of America Corp. |
2,046,184 | 56,024,518 | ||||||
Fifth Third Bancorp (b) |
1,078,598 | 27,320,887 | ||||||
Huntington Bancshares, Inc. |
2,348,325 | 24,422,580 | ||||||
U.S. Bancorp (b) |
1,050,573 | 34,731,944 | ||||||
Wells Fargo & Co. |
1,604,126 | 65,544,588 | ||||||
|
|
|||||||
208,044,517 | ||||||||
|
|
|||||||
Beverages0.8% | ||||||||
Coca-Cola Co. |
329,322 | 18,435,446 | ||||||
|
|
|||||||
Biotechnology0.5% | ||||||||
AbbVie, Inc. |
87,631 | 13,062,277 | ||||||
|
|
|||||||
Broadline Retail0.4% | ||||||||
Kohls Corp. (b) |
490,506 | 10,281,006 | ||||||
|
|
|||||||
Capital Markets0.3% | ||||||||
Charles Schwab Corp. |
139,000 | 7,631,100 | ||||||
|
|
|||||||
Chemicals1.8% | ||||||||
CF Industries Holdings, Inc. (b) |
332,533 | 28,511,379 | ||||||
RPM International, Inc. |
177,186 | 16,799,005 | ||||||
|
|
|||||||
45,310,384 | ||||||||
|
|
|||||||
Consumer Staples Distribution & Retail2.5% | ||||||||
Walmart, Inc. |
389,907 | 62,357,827 | ||||||
|
|
|||||||
Containers & Packaging1.0% | ||||||||
International Paper Co. |
672,372 | 23,849,035 | ||||||
|
|
|||||||
Diversified Telecommunication Services1.0% | ||||||||
Verizon Communications, Inc. |
744,306 | 24,122,957 | ||||||
|
|
|||||||
Electric Utilities3.3% | ||||||||
NextEra Energy, Inc. |
124,000 | 7,103,960 | ||||||
Southern Co. |
1,155,767 | 74,801,240 | ||||||
|
|
|||||||
81,905,200 | ||||||||
|
|
|||||||
Energy Equipment & Services0.7% | ||||||||
Baker Hughes Co. |
463,000 | 16,353,160 | ||||||
|
|
|||||||
Entertainment0.3% | ||||||||
Walt Disney Co. (a) |
100,627 | 8,155,818 | ||||||
|
|
|||||||
Financial Services3.5% | ||||||||
Equitable Holdings, Inc. |
1,131,262 | 32,116,528 | ||||||
Fiserv, Inc. (a) |
470,905 | 53,193,429 | ||||||
|
|
|||||||
85,309,957 | ||||||||
|
|
|||||||
Food Products2.4% | ||||||||
Conagra Brands, Inc. (b) |
1,465,007 | 40,170,492 | ||||||
Tyson Foods, Inc. - Class A |
361,000 | 18,226,890 | ||||||
|
|
|||||||
58,397,382 | ||||||||
|
|
|||||||
Ground Transportation2.3% | ||||||||
Norfolk Southern Corp. |
121,000 | 23,828,530 | ||||||
Union Pacific Corp. |
161,184 | 32,821,898 | ||||||
|
|
|||||||
56,650,428 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies6.4% | ||||||||
Baxter International, Inc. |
848,000 | 32,003,520 | ||||||
Becton Dickinson & Co. |
199,493 | 51,574,925 | ||||||
Medtronic PLC |
534,049 | 41,848,080 | ||||||
Zimmer Biomet Holdings, Inc. |
281,998 | 31,645,816 | ||||||
|
|
|||||||
157,072,341 | ||||||||
|
|
|||||||
Health Care Providers & Services5.9% | ||||||||
Cigna Group |
147,658 | 42,240,524 | ||||||
CVS Health Corp. |
440,907 | 30,784,127 | ||||||
Elevance Health, Inc. |
132,564 | 57,721,017 | ||||||
Humana, Inc. |
27,059 | 13,164,744 | ||||||
|
|
|||||||
143,910,412 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure0.6% | ||||||||
Las Vegas Sands Corp. |
303,835 | 13,927,796 | ||||||
|
|
|||||||
Household Products2.2% | ||||||||
Colgate-Palmolive Co. |
384,626 | 27,350,755 | ||||||
Kimberly-Clark Corp. |
220,241 | 26,616,125 | ||||||
|
|
|||||||
53,966,880 | ||||||||
|
|
|||||||
Industrial Conglomerates3.6% | ||||||||
3M Co. |
86,000 | 8,051,320 | ||||||
General Electric Co. |
339,082 | 37,485,515 | ||||||
Siemens AG (ADR) (b) |
590,870 | 42,217,662 | ||||||
|
|
|||||||
87,754,497 | ||||||||
|
|
|||||||
Insurance6.8% | ||||||||
American International Group, Inc. |
893,290 | 54,133,374 | ||||||
Chubb Ltd. |
342,250 | 71,249,605 | ||||||
Hartford Financial Services Group, Inc. |
574,397 | 40,730,491 | ||||||
|
|
|||||||
166,113,470 | ||||||||
|
|
|||||||
IT Services0.7% | ||||||||
Accenture PLC - Class A |
59,490 | 18,269,974 | ||||||
|
|
|||||||
Machinery2.7% | ||||||||
Cummins, Inc. |
141,475 | 32,321,378 | ||||||
Stanley Black & Decker, Inc. |
417,836 | 34,922,733 | ||||||
|
|
|||||||
67,244,111 | ||||||||
|
|
|||||||
Media1.8% | ||||||||
News Corp. - Class A (b) |
2,163,490 | 43,399,609 | ||||||
|
|
BHFTI-325
Table of Contents
Brighthouse Funds Trust I
T. Rowe Price Large Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares |
Value | ||||||
Multi-Utilities3.1% | ||||||||
Ameren Corp. |
289,832 | $ | 21,688,128 | |||||
Dominion Energy, Inc. (b) |
647,383 | 28,918,599 | ||||||
Sempra |
387,004 | 26,327,882 | ||||||
|
|
|||||||
76,934,609 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels9.2% | ||||||||
ConocoPhillips |
162,893 | 19,514,582 | ||||||
EOG Resources, Inc. |
143,937 | 18,245,454 | ||||||
EQT Corp. (b) |
533,000 | 21,629,140 | ||||||
Exxon Mobil Corp. |
371,890 | 43,726,826 | ||||||
Suncor Energy, Inc. |
780,136 | 26,821,076 | ||||||
TC Energy Corp. (b) |
315,775 | 10,865,818 | ||||||
TotalEnergies SE (ADR) |
1,077,303 | 70,843,445 | ||||||
Williams Cos., Inc. |
432,267 | 14,563,075 | ||||||
|
|
|||||||
226,209,416 | ||||||||
|
|
|||||||
Passenger Airlines0.6% | ||||||||
Southwest Airlines Co. (b) |
547,505 | 14,820,960 | ||||||
|
|
|||||||
Personal Care Products1.0% | ||||||||
Kenvue, Inc. |
1,265,439 | 25,410,015 | ||||||
|
|
|||||||
Pharmaceuticals6.3% | ||||||||
Bristol-Myers Squibb Co. |
308,443 | 17,902,032 | ||||||
Elanco Animal Health, Inc. (a) |
1,295,184 | 14,557,868 | ||||||
Johnson & Johnson |
400,839 | 62,430,674 | ||||||
Merck & Co., Inc. |
235,863 | 24,282,096 | ||||||
Pfizer, Inc. |
1,061,630 | 35,214,267 | ||||||
|
|
|||||||
154,386,937 | ||||||||
|
|
|||||||
Residential REITs2.0% | ||||||||
AvalonBay Communities, Inc. |
279,402 | 47,984,499 | ||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment4.8% | ||||||||
Applied Materials, Inc. |
70,336 | 9,738,019 | ||||||
Micron Technology, Inc. (b) |
429,597 | 29,225,484 | ||||||
QUALCOMM, Inc. |
608,092 | 67,534,697 | ||||||
Texas Instruments, Inc. |
64,056 | 10,185,545 | ||||||
|
|
|||||||
116,683,745 | ||||||||
|
|
|||||||
Software0.9% | ||||||||
Microsoft Corp. |
73,686 | 23,266,355 | ||||||
|
|
|||||||
Specialized REITs1.7% | ||||||||
Weyerhaeuser Co. |
1,353,778 | 41,506,833 | ||||||
|
|
|||||||
Specialty Retail0.6% | ||||||||
Best Buy Co., Inc. |
207,676 | 14,427,252 | ||||||
|
|
|||||||
Technology Hardware, Storage & Peripherals2.0% | ||||||||
Western Digital Corp. (a) |
1,058,800 | 48,313,044 | ||||||
|
|
|||||||
Tobacco2.7% | ||||||||
Philip Morris International, Inc. |
725,819 | 67,196,323 | ||||||
|
|
|||||||
Total Common Stocks |
2,404,139,250 | |||||||
|
|
|||||||
Short-Term Investment1.5% |
| |||||||
Mutual Funds1.5% | ||||||||
T. Rowe Price Treasury Reserve Fund (c) |
36,365,540 | 36,365,540 | ||||||
|
|
|||||||
Total Short-Term Investments |
36,365,540 | |||||||
|
|
|||||||
Securities Lending Reinvestments (d)2.6% |
| |||||||
Certificates of Deposit0.3% | ||||||||
Barclays Bank PLC |
1,000,000 | 1,000,072 | ||||||
BNP Paribas SA |
1,000,000 | 999,952 | ||||||
Canadian Imperial Bank of Commerce (NY) |
1,000,000 | 1,000,098 | ||||||
Credit Agricole Corporate & Investment Bank |
1,000,000 | 1,000,133 | ||||||
Credit Industriel et Commercial |
1,000,000 | 999,912 | ||||||
Mizuho Bank Ltd. |
1,000,000 | 1,000,049 | ||||||
Sumitomo Mitsui Trust Bank Ltd. |
1,000,000 | 1,000,053 | ||||||
Svenska Handelsbanken AB |
1,000,000 | 1,000,105 | ||||||
|
|
|||||||
8,000,374 | ||||||||
|
|
|||||||
Commercial Paper0.1% | ||||||||
UBS AG |
1,000,000 | 1,000,000 | ||||||
|
|
|||||||
Repurchase Agreements1.4% | ||||||||
Bank of Nova Scotia |
1,000,000 | 1,000,000 | ||||||
Cantor Fitzgerald & Co. |
8,616,283 | 8,616,283 |
BHFTI-326
Table of Contents
Brighthouse Funds Trust I
T. Rowe Price Large Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (d)(Continued)
Security Description | Principal Amount* |
Value | ||||||
Repurchase Agreements(Continued) | ||||||||
Citigroup Global Markets, Inc. | ||||||||
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $700,745; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $714,017. |
700,000 | $ | 700,000 | |||||
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $5,027,319; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $5,100,366. |
5,000,000 | 5,000,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $2,060,331; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $2,125,943. |
2,000,000 | 2,000,000 | ||||||
ING Financial Markets LLC |
10,048,285 | 10,048,285 | ||||||
National Bank Financial, Inc. |
1,000,000 | 1,000,000 | ||||||
National Bank of Canada |
2,600,000 | 2,600,000 | ||||||
Societe Generale |
500,000 | 500,000 | ||||||
TD Prime Services LLC |
2,500,000 | 2,500,000 | ||||||
|
|
|||||||
33,964,568 | ||||||||
|
|
|||||||
Time Deposit0.0% | ||||||||
National Bank of Canada |
1,000,000 | 1,000,000 | ||||||
|
|
|||||||
Mutual Funds0.8% | ||||||||
BlackRock Liquidity Funds FedFund, Institutional Shares |
5,000,000 | 5,000,000 | ||||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class |
5,000,000 | 5,000,000 | ||||||
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares |
5,000,000 | 5,000,000 | ||||||
STIT-Government & Agency Portfolio, Institutional Class |
5,000,000 | 5,000,000 | ||||||
|
|
|||||||
20,000,000 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
63,964,942 | |||||||
|
|
|||||||
Total Investments102.1% |
2,504,469,732 | |||||||
Other assets and liabilities (net)(2.1)% |
(50,831,588 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 2,453,638,144 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
(a) | Non-income producing security. | |||
(b) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $76,680,129 and the collateral received consisted of cash in the amount of $63,964,568 and non-cash collateral with a value of $13,830,806. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
(c) | Affiliated Issuer. | |||
(d) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(e) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
(f) | The rate shown represents the annualized seven-day yield as of September 30, 2023. |
Glossary of Abbreviations
Index Abbreviations
(OBFR) | U.S. Overnight Bank Funding Rate | |||
(SOFR) | Secured Overnight Financing Rate |
Other Abbreviations
(ADR) | American Depositary Receipt | |||
(REIT) | Real Estate Investment Trust |
BHFTI-327
Table of Contents
Brighthouse Funds Trust I
T. Rowe Price Large Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Total Common Stocks* |
$ | 2,404,139,250 | $ | | $ | | $ | 2,404,139,250 | ||||||||
Total Short-Term Investment* |
36,365,540 | | | 36,365,540 | ||||||||||||
Securities Lending Reinvestments | ||||||||||||||||
Certificates of Deposit |
| 8,000,374 | | 8,000,374 | ||||||||||||
Commercial Paper |
| 1,000,000 | | 1,000,000 | ||||||||||||
Repurchase Agreements |
| 33,964,568 | | 33,964,568 | ||||||||||||
Time Deposit |
| 1,000,000 | | 1,000,000 | ||||||||||||
Mutual Funds |
20,000,000 | | | 20,000,000 | ||||||||||||
Total Securities Lending Reinvestments |
20,000,000 | 43,964,942 | | 63,964,942 | ||||||||||||
Total Investments |
$ | 2,460,504,790 | $ | 43,964,942 | $ | | $ | 2,504,469,732 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (63,964,568 | ) | $ | | $ | (63,964,568 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
BHFTI-328
Table of Contents
Brighthouse Funds Trust I
T. Rowe Price Mid Cap Growth Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks96.7% of Net Assets
Security Description | Shares | Value | ||||||
Aerospace & Defense2.6% | ||||||||
BWX Technologies, Inc. (a) |
77,500 | $ | 5,810,950 | |||||
Textron, Inc. |
321,761 | 25,142,405 | ||||||
|
|
|||||||
30,953,355 | ||||||||
|
|
|||||||
Automobile Components0.1% | ||||||||
Mobileye Global, Inc. - Class A (a) (b) |
22,437 | 932,257 | ||||||
|
|
|||||||
Beverages0.3% | ||||||||
Boston Beer Co., Inc. - Class A (a) (b) |
10,787 | 4,201,860 | ||||||
|
|
|||||||
Biotechnology5.5% | ||||||||
Alnylam Pharmaceuticals, Inc. (b) |
72,200 | 12,786,620 | ||||||
Apellis Pharmaceuticals, Inc. (a) (b) |
59,140 | 2,249,686 | ||||||
Argenx SE (ADR) (b) |
13,145 | 6,462,476 | ||||||
Ascendis Pharma AS (ADR) (a) (b) |
50,700 | 4,747,548 | ||||||
Biogen, Inc. (b) |
39,000 | 10,023,390 | ||||||
CRISPR Therapeutics AG (a) (b) |
53,283 | 2,418,515 | ||||||
Exact Sciences Corp. (b) |
64,200 | 4,379,724 | ||||||
Ionis Pharmaceuticals, Inc. (a) (b) |
204,800 | 9,289,728 | ||||||
Karuna Therapeutics, Inc. (a) (b) |
27,008 | 4,566,783 | ||||||
Roivant Sciences Ltd. (a) (b) |
227,082 | 2,652,318 | ||||||
Sarepta Therapeutics, Inc. (a) (b) |
38,838 | 4,707,942 | ||||||
Seagen, Inc. (a) (b) |
13,300 | 2,821,595 | ||||||
|
|
|||||||
67,106,325 | ||||||||
|
|
|||||||
Capital Markets4.9% | ||||||||
Cboe Global Markets, Inc. |
13,300 | 2,077,593 | ||||||
Intercontinental Exchange, Inc. |
117,100 | 12,883,342 | ||||||
KKR & Co., Inc. |
281,500 | 17,340,400 | ||||||
MarketAxess Holdings, Inc. |
25,100 | 5,362,364 | ||||||
Raymond James Financial, Inc. |
75,500 | 7,582,465 | ||||||
Tradeweb Markets, Inc. - Class A |
168,600 | 13,521,720 | ||||||
|
|
|||||||
58,767,884 | ||||||||
|
|
|||||||
Chemicals0.6% | ||||||||
RPM International, Inc. |
77,400 | 7,338,294 | ||||||
|
|
|||||||
Commercial Services & Supplies0.3% | ||||||||
Waste Connections, Inc. |
31,000 | 4,163,300 | ||||||
|
|
|||||||
Construction Materials1.2% | ||||||||
Martin Marietta Materials, Inc. |
34,338 | 14,095,062 | ||||||
|
|
|||||||
Consumer Staples Distribution & Retail2.2% | ||||||||
Caseys General Stores, Inc. (a) |
43,200 | 11,729,664 | ||||||
Dollar General Corp. |
11,900 | 1,259,020 | ||||||
Dollar Tree, Inc. (a) (b) |
116,971 | 12,451,563 | ||||||
Maplebear, Inc. (b) |
19,115 | 567,524 | ||||||
Maplebear, Inc. (b) (c) |
25,174 | 672,675 | ||||||
|
|
|||||||
26,680,446 | ||||||||
|
|
|||||||
Containers & Packaging3.4% | ||||||||
Avery Dennison Corp. |
86,200 | 15,746,154 | ||||||
Ball Corp. (a) |
377,886 | 18,811,165 | ||||||
Sealed Air Corp. |
210,800 | 6,926,888 | ||||||
|
|
|||||||
41,484,207 | ||||||||
|
|
|||||||
Diversified Consumer Services0.4% | ||||||||
Bright Horizons Family Solutions, Inc. (a) (b) |
58,500 | 4,765,410 | ||||||
|
|
|||||||
Electrical Equipment0.2% | ||||||||
Shoals Technologies Group, Inc. - Class A (a) (b) |
111,200 | 2,029,400 | ||||||
|
|
|||||||
Electronic Equipment, Instruments & Components2.6% | ||||||||
Amphenol Corp. - Class A |
116,200 | 9,759,638 | ||||||
Cognex Corp. (a) |
107,600 | 4,566,544 | ||||||
Keysight Technologies, Inc. (b) |
111,400 | 14,739,334 | ||||||
Littelfuse, Inc. |
9,400 | 2,324,808 | ||||||
|
|
|||||||
31,390,324 | ||||||||
|
|
|||||||
Energy Equipment & Services0.3% | ||||||||
TechnipFMC PLC (a) |
161,942 | 3,293,900 | ||||||
|
|
|||||||
Entertainment1.9% | ||||||||
Liberty Media Corp.-Liberty Formula One - Class C (b) |
130,191 | 8,110,900 | ||||||
Liberty Media Corp.-Liberty Live - Class C (b) |
6,342 | 203,578 | ||||||
Spotify Technology SA (b) |
96,000 | 14,845,440 | ||||||
|
|
|||||||
23,159,918 | ||||||||
|
|
|||||||
Financial Services1.2% | ||||||||
FleetCor Technologies, Inc. (a) (b) |
56,600 | 14,452,244 | ||||||
|
|
|||||||
Food Products0.4% | ||||||||
TreeHouse Foods, Inc. (a) (b) |
118,049 | 5,144,575 | ||||||
|
|
|||||||
Ground Transportation1.7% | ||||||||
J.B. Hunt Transport Services, Inc. (a) |
112,100 | 21,133,092 | ||||||
|
|
|||||||
Health Care Equipment & Supplies8.0% | ||||||||
Alcon, Inc. |
133,400 | 10,279,804 | ||||||
Cooper Cos., Inc. |
36,000 | 11,448,360 | ||||||
Dentsply Sirona, Inc. |
107,100 | 3,658,536 | ||||||
Enovis Corp. (a) (b) |
140,000 | 7,382,200 | ||||||
Hologic, Inc. (b) |
461,000 | 31,993,400 | ||||||
ICU Medical, Inc. (a) (b) |
33,500 | 3,986,835 | ||||||
QuidelOrtho Corp. (a) (b) |
91,774 | 6,703,173 | ||||||
Teleflex, Inc. (a) |
111,823 | 21,963,155 | ||||||
|
|
|||||||
97,415,463 | ||||||||
|
|
|||||||
Health Care Providers & Services2.3% | ||||||||
Acadia Healthcare Co., Inc. (a) (b) |
172,400 | 12,121,444 | ||||||
Agilon health, Inc. (a) (b) |
316,838 | 5,627,043 | ||||||
Molina Healthcare, Inc. (b) |
31,500 | 10,328,535 | ||||||
|
|
|||||||
28,077,022 | ||||||||
|
|
|||||||
Health Care Technology1.6% | ||||||||
Veeva Systems, Inc. - Class A (b) |
94,161 | 19,157,055 | ||||||
|
|
|||||||
Hotels, Restaurants & Leisure5.8% | ||||||||
Caesars Entertainment, Inc. (b) |
66,399 | 3,077,593 | ||||||
Chipotle Mexican Grill, Inc. (b) |
2,600 | 4,762,758 | ||||||
Dominos Pizza, Inc. |
46,910 | 17,769,039 | ||||||
Hilton Worldwide Holdings, Inc. |
132,900 | 19,958,922 |
BHFTI-329
Table of Contents
Brighthouse Funds Trust I
T. Rowe Price Mid Cap Growth Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares | Value | ||||||
Hotels, Restaurants & Leisure(Continued) | ||||||||
MGM Resorts International (a) (b) |
303,387 | $ | 11,152,506 | |||||
Yum! Brands, Inc. |
103,671 | 12,952,655 | ||||||
|
|
|||||||
69,673,473 | ||||||||
|
|
|||||||
Household Products0.4% | ||||||||
Reynolds Consumer Products, Inc. (a) |
175,500 | 4,498,065 | ||||||
|
|
|||||||
Insurance1.8% | ||||||||
Assurant, Inc. (a) |
92,800 | 13,324,224 | ||||||
Axis Capital Holdings Ltd. |
84,300 | 4,751,991 | ||||||
Kemper Corp. (a) |
24,300 | 1,021,329 | ||||||
Markel Group, Inc. (b) |
1,500 | 2,208,735 | ||||||
|
|
|||||||
21,306,279 | ||||||||
|
|
|||||||
Interactive Media & Services0.4% | ||||||||
Match Group, Inc. (b) |
121,346 | 4,753,730 | ||||||
|
|
|||||||
IT Services0.3% | ||||||||
MongoDB, Inc. (a) (b) |
10,100 | 3,493,186 | ||||||
|
|
|||||||
Life Sciences Tools & Services5.6% | ||||||||
Agilent Technologies, Inc. |
215,600 | 24,108,392 | ||||||
Avantor, Inc. (b) |
775,900 | 16,355,972 | ||||||
Bruker Corp. |
237,211 | 14,778,245 | ||||||
West Pharmaceutical Services, Inc. |
32,618 | 12,238,600 | ||||||
|
|
|||||||
67,481,209 | ||||||||
|
|
|||||||
Machinery4.9% | ||||||||
Esab Corp. (a) |
134,764 | 9,463,128 | ||||||
Fortive Corp. |
257,900 | 19,125,864 | ||||||
IDEX Corp. |
34,600 | 7,197,492 | ||||||
Ingersoll Rand, Inc. (a) |
362,400 | 23,092,128 | ||||||
|
|
|||||||
58,878,612 | ||||||||
|
|
|||||||
Media2.3% | ||||||||
New York Times Co. - Class A |
73,700 | 3,036,440 | ||||||
Trade Desk, Inc. - Class A (b) |
313,200 | 24,476,580 | ||||||
|
|
|||||||
27,513,020 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels3.8% | ||||||||
Cheniere Energy, Inc. |
97,200 | 16,131,312 | ||||||
Coterra Energy, Inc. |
247,800 | 6,702,990 | ||||||
EQT Corp. (a) |
246,200 | 9,990,796 | ||||||
Pioneer Natural Resources Co. |
51,401 | 11,799,100 | ||||||
Range Resources Corp. (a) |
43,200 | 1,400,112 | ||||||
|
|
|||||||
46,024,310 | ||||||||
|
|
|||||||
Passenger Airlines0.8% | ||||||||
Southwest Airlines Co. (a) |
361,000 | 9,772,270 | ||||||
|
|
|||||||
Personal Care Products0.6% | ||||||||
Kenvue, Inc. |
348,560 | 6,999,085 | ||||||
|
|
|||||||
Pharmaceuticals0.9% | ||||||||
Catalent, Inc. (a) (b) |
252,790 | 11,509,529 | ||||||
|
|
|||||||
Professional Services4.8% | ||||||||
Broadridge Financial Solutions, Inc. |
59,385 | 10,632,884 | ||||||
Equifax, Inc. (a) |
82,300 | 15,075,714 | ||||||
Paylocity Holding Corp. (b) |
51,800 | 9,412,060 | ||||||
TransUnion |
173,600 | 12,462,744 | ||||||
Verisk Analytics, Inc. |
44,200 | 10,441,808 | ||||||
|
|
|||||||
58,025,210 | ||||||||
|
|
|||||||
Real Estate Management & Development1.0% | ||||||||
CoStar Group, Inc. (b) |
159,083 | 12,231,892 | ||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment7.6% | ||||||||
KLA Corp. |
27,139 | 12,447,574 | ||||||
Lattice Semiconductor Corp. (a) (b) |
90,600 | 7,785,258 | ||||||
Marvell Technology, Inc. |
556,969 | 30,148,732 | ||||||
Microchip Technology, Inc. |
482,700 | 37,674,735 | ||||||
NXP Semiconductors NV |
21,800 | 4,358,256 | ||||||
|
|
|||||||
92,414,555 | ||||||||
|
|
|||||||
Software8.2% | ||||||||
Atlassian Corp. - Class A (b) |
27,400 | 5,521,374 | ||||||
Bill Holdings, Inc. (a) (b) |
55,251 | 5,998,601 | ||||||
CCC Intelligent Solutions Holdings, Inc. (a) (b) |
681,197 | 9,093,980 | ||||||
Clear Secure, Inc. - Class A (a) |
77,027 | 1,466,594 | ||||||
Confluent, Inc. - Class A (a) (b) |
45,200 | 1,338,372 | ||||||
Crowdstrike Holdings, Inc. - Class A (b) |
108,077 | 18,089,928 | ||||||
Fair Isaac Corp. (b) |
14,400 | 12,506,832 | ||||||
Fortinet, Inc. (b) |
144,000 | 8,449,920 | ||||||
HashiCorp, Inc. - Class A (a) (b) |
22,700 | 518,241 | ||||||
Klaviyo, Inc. - Class A (b) |
21,984 | 758,448 | ||||||
PTC, Inc. (b) |
112,063 | 15,877,086 | ||||||
Roper Technologies, Inc. |
23,900 | 11,574,292 | ||||||
Synopsys, Inc. (b) |
11,683 | 5,362,147 | ||||||
Tyler Technologies, Inc. (b) |
8,600 | 3,320,804 | ||||||
|
|
|||||||
99,876,619 | ||||||||
|
|
|||||||
Specialty Retail4.6% | ||||||||
Bath & Body Works, Inc. |
250,100 | 8,453,380 | ||||||
Burlington Stores, Inc. (b) |
107,200 | 14,504,160 | ||||||
Five Below, Inc. (b) |
54,200 | 8,720,780 | ||||||
OReilly Automotive, Inc. (b) |
3,900 | 3,544,554 | ||||||
Ross Stores, Inc. |
109,000 | 12,311,550 | ||||||
Tractor Supply Co. (a) |
17,569 | 3,567,386 | ||||||
Ulta Beauty, Inc. (b) |
10,800 | 4,314,060 | ||||||
|
|
|||||||
55,415,870 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods0.4% | ||||||||
Lululemon Athletica, Inc. (b) |
14,100 | 5,437,101 | ||||||
|
|
|||||||
Trading Companies & Distributors0.8% | ||||||||
United Rentals, Inc. |
22,900 | 10,180,653 | ||||||
|
|
|||||||
Total Common Stocks |
1,171,226,061 | |||||||
|
|
BHFTI-330
Table of Contents
Brighthouse Funds Trust I
T. Rowe Price Mid Cap Growth Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Convertible Preferred Stocks0.3%
Security Description | Shares/ Principal |
Value | ||||||
Automobiles0.1% | ||||||||
Nuro, Inc. - Series D (b) (c) (d) |
37,838 | $ | 234,596 | |||||
Sila Nanotechnologies, Inc. - Series F (b) (c) (d) |
43,934 | 890,981 | ||||||
|
|
|||||||
1,125,577 | ||||||||
|
|
|||||||
Commercial Services & Supplies0.1% | ||||||||
Redwood Materials, Inc. - Series C (b) (c) (d) |
18,350 | 875,952 | ||||||
|
|
|||||||
Health Care Providers & Services0.0% | ||||||||
Caris Life Sciences, Inc. - Series D (b) (c) (d) |
156,199 | 835,665 | ||||||
|
|
|||||||
Software0.1% | ||||||||
Databricks, Inc. - Series H (b) (c) (d) |
11,738 | 862,743 | ||||||
Databricks, Inc. - Series I (b) (c) (d) |
4,164 | 306,054 | ||||||
|
|
|||||||
1,168,797 | ||||||||
|
|
|||||||
Total Convertible Preferred Stocks |
4,005,991 | |||||||
|
|
|||||||
Short-Term Investment3.0% |
| |||||||
Mutual Funds3.0% | ||||||||
T. Rowe Price Treasury Reserve Fund (e) |
35,862,574 | 35,862,574 | ||||||
|
|
|||||||
Total Short-Term Investments |
35,862,574 | |||||||
|
|
|||||||
Securities Lending Reinvestments (f)11.5% |
| |||||||
Certificates of Deposit4.3% | ||||||||
Bank of America N.A. |
2,000,000 | 2,000,270 | ||||||
Bank of Montreal |
1,000,000 | 1,000,643 | ||||||
Barclays Bank PLC |
3,000,000 | 3,000,216 | ||||||
Canadian Imperial Bank of Commerce (NY) |
2,000,000 | 2,000,972 | ||||||
5.710%, SOFR + 0.400%, 10/13/23 (g) |
4,000,000 | 4,000,392 | ||||||
Citibank N.A. |
4,000,000 | 4,000,300 | ||||||
Credit Agricole Corporate & Investment Bank |
4,000,000 | 4,000,532 | ||||||
Credit Industriel et Commercial |
4,000,000 | 3,999,648 | ||||||
Mitsubishi UFJ Trust & Banking Corp. | ||||||||
Zero Coupon, 10/19/23 |
1,000,000 | 997,050 | ||||||
Zero Coupon, 10/20/23 |
1,000,000 | 996,900 | ||||||
Mizuho Bank Ltd. |
5,000,000 | 5,000,245 | ||||||
MUFG Bank Ltd. (London) | ||||||||
Zero Coupon, 10/18/23 |
1,000,000 | 997,200 | ||||||
Zero Coupon, 10/30/23 |
1,000,000 | 995,390 | ||||||
Zero Coupon, 11/20/23 |
1,000,000 | 992,190 | ||||||
Certificates of Deposit(Continued) | ||||||||
National Westminster Bank PLC | ||||||||
Zero Coupon, 02/20/24 |
2,000,000 | 1,954,640 | ||||||
Nordea Bank Abp |
4,000,000 | 4,000,608 | ||||||
Oversea-Chinese Banking Corp. Ltd. |
3,000,000 | 3,000,438 | ||||||
Standard Chartered Bank |
3,000,000 | 3,000,000 | ||||||
Sumitomo Mitsui Banking Corp. |
4,000,000 | 4,003,724 | ||||||
Toronto-Dominion Bank |
2,000,000 | 2,001,160 | ||||||
|
|
|||||||
51,942,518 | ||||||||
|
|
|||||||
Commercial Paper1.4% | ||||||||
Bedford Row Funding Corp. |
3,000,000 | 3,000,159 | ||||||
ING U.S. Funding LLC |
2,000,000 | 1,999,990 | ||||||
Old Line Funding LLC |
5,000,000 | 4,999,995 | ||||||
Skandinaviska Enskilda Banken AB |
4,000,000 | 4,001,080 | ||||||
UBS AG |
3,000,000 | 3,000,000 | ||||||
|
|
|||||||
17,001,224 | ||||||||
|
|
|||||||
Repurchase Agreements4.1% | ||||||||
Citigroup Global Markets, Inc. |
3,500,000 | 3,500,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $5,027,319; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $5,100,366. |
5,000,000 | 5,000,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $8,241,322; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $8,503,770. |
8,000,000 | 8,000,000 | ||||||
ING Financial Markets LLC |
2,914,211 | 2,914,211 |
BHFTI-331
Table of Contents
Brighthouse Funds Trust I
T. Rowe Price Mid Cap Growth Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (f)(Continued)
Security Description | Shares/ Principal |
Value | ||||||
Repurchase Agreements(Continued) | ||||||||
National Bank of Canada | ||||||||
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $7,908,172; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $8,095,759. |
7,900,000 | $ | 7,900,000 | |||||
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $20,021,194; collateralized by various Common Stock with an aggregate market value of $22,319,747. |
20,000,000 | 20,000,000 | ||||||
Societe Generale |
2,000,000 | 2,000,000 | ||||||
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49,314,211 | ||||||||
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Time Deposit0.4% | ||||||||
National Bank of Canada |
5,000,000 | 5,000,000 | ||||||
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Mutual Funds1.3% | ||||||||
BlackRock Liquidity Funds FedFund, Institutional Shares |
1,000,000 | 1,000,000 | ||||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class |
1,000,000 | 1,000,000 | ||||||
Goldman Sachs Financial Square Government Fund, |
1,000,000 | 1,000,000 | ||||||
HSBC U.S. Government Money Market Fund, Class I |
5,000,000 | 5,000,000 | ||||||
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares |
1,000,000 | 1,000,000 | ||||||
RBC U.S. Government Money Market Fund, Institutional Shares |
1,000,000 | 1,000,000 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class |
1,000,000 | 1,000,000 | ||||||
Western Asset Institutional Government Reserves Fund, Institutional Class |
5,000,000 | 5,000,000 | ||||||
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16,000,000 | ||||||||
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Total Securities Lending Reinvestments |
139,257,953 | |||||||
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Total Investments111.5% |
1,350,352,579 | |||||||
Other assets and liabilities (net)(11.5)% |
(138,989,203 | ) | ||||||
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Net Assets100.0% | $ | 1,211,363,376 | ||||||
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* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2023, the market value of restricted securities was $4,678,666, which is 0.4% of net assets. See details shown in the Restricted Securities table that follows. | |||
(a) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $163,475,421 and the collateral received consisted of cash in the amount of $139,183,342 and non-cash collateral with a value of $27,334,848. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
(b) | Non-income producing security. | |||
(c) | Security was valued in good faith under procedures subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent 0.4% of net assets. | |||
(d) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |||
(e) | Affiliated Issuer. | |||
(f) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(g) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
(h) | The rate shown represents the annualized seven-day yield as of September 30, 2023. |
Restricted Securities |
Acquisition Date |
Shares | Cost | Value | ||||||||||||
Caris Life Sciences, Inc. - Series D |
05/11/21 | 156,199 | $ | 1,265,212 | $ | 835,665 | ||||||||||
Databricks, Inc. - Series H |
08/31/21 | 11,738 | 862,557 | 862,743 | ||||||||||||
Databricks, Inc. - Series I |
09/14/23 | 4,164 | 306,054 | 306,054 | ||||||||||||
Maplebear, Inc. |
02/26/21-11/19/21 | 25,174 | 3,043,527 | 672,675 | ||||||||||||
Nuro, Inc. - Series D |
10/29/21 | 37,838 | 788,760 | 234,596 | ||||||||||||
Redwood Materials, Inc. - Series C |
05/28/21 | 18,350 | 869,854 | 875,952 | ||||||||||||
Sila Nanotechnologies, Inc. - Series F |
01/07/21 | 43,934 | 1,813,279 | 890,981 | ||||||||||||
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$ | 4,678,666 | |||||||||||||||
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Glossary of Abbreviations
Index Abbreviations
(FEDEFF PRV) | Effective Federal Funds Rate | |||
(OBFR) | U.S. Overnight Bank Funding Rate | |||
(SOFR) | Secured Overnight Financing Rate |
Other Abbreviations
(ADR) | American Depositary Receipt |
BHFTI-332
Table of Contents
Brighthouse Funds Trust I
T. Rowe Price Mid Cap Growth Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | ||||||||||||||||
Aerospace & Defense |
$ | 30,953,355 | $ | | $ | | $ | 30,953,355 | ||||||||
Automobile Components |
932,257 | | | 932,257 | ||||||||||||
Beverages |
4,201,860 | | | 4,201,860 | ||||||||||||
Biotechnology |
67,106,325 | | | 67,106,325 | ||||||||||||
Capital Markets |
58,767,884 | | | 58,767,884 | ||||||||||||
Chemicals |
7,338,294 | | | 7,338,294 | ||||||||||||
Commercial Services & Supplies |
4,163,300 | | | 4,163,300 | ||||||||||||
Construction Materials |
14,095,062 | | | 14,095,062 | ||||||||||||
Consumer Staples Distribution & Retail |
26,007,771 | 672,675 | | 26,680,446 | ||||||||||||
Containers & Packaging |
41,484,207 | | | 41,484,207 | ||||||||||||
Diversified Consumer Services |
4,765,410 | | | 4,765,410 | ||||||||||||
Electrical Equipment |
2,029,400 | | | 2,029,400 | ||||||||||||
Electronic Equipment, Instruments & Components |
31,390,324 | | | 31,390,324 | ||||||||||||
Energy Equipment & Services |
3,293,900 | | | 3,293,900 | ||||||||||||
Entertainment |
23,159,918 | | | 23,159,918 | ||||||||||||
Financial Services |
14,452,244 | | | 14,452,244 | ||||||||||||
Food Products |
5,144,575 | | | 5,144,575 | ||||||||||||
Ground Transportation |
21,133,092 | | | 21,133,092 | ||||||||||||
Health Care Equipment & Supplies |
97,415,463 | | | 97,415,463 | ||||||||||||
Health Care Providers & Services |
28,077,022 | | | 28,077,022 | ||||||||||||
Health Care Technology |
19,157,055 | | | 19,157,055 | ||||||||||||
Hotels, Restaurants & Leisure |
69,673,473 | | | 69,673,473 | ||||||||||||
Household Products |
4,498,065 | | | 4,498,065 | ||||||||||||
Insurance |
21,306,279 | | | 21,306,279 | ||||||||||||
Interactive Media & Services |
4,753,730 | | | 4,753,730 | ||||||||||||
IT Servicesf |
3,493,186 | | | 3,493,186 | ||||||||||||
Life Sciences Tools & Services |
67,481,209 | | | 67,481,209 | ||||||||||||
Machinery |
58,878,612 | | | 58,878,612 | ||||||||||||
Media |
27,513,020 | | | 27,513,020 | ||||||||||||
Oil, Gas & Consumable Fuels |
46,024,310 | | | 46,024,310 | ||||||||||||
Passenger Airlines |
9,772,270 | | | 9,772,270 | ||||||||||||
Personal Care Products |
6,999,085 | | | 6,999,085 | ||||||||||||
Pharmaceuticals |
11,509,529 | | | 11,509,529 | ||||||||||||
Professional Services |
58,025,210 | | | 58,025,210 | ||||||||||||
Real Estate Management & Development |
12,231,892 | | | 12,231,892 | ||||||||||||
Semiconductors & Semiconductor Equipment |
92,414,555 | | | 92,414,555 | ||||||||||||
Software |
99,876,619 | | | 99,876,619 | ||||||||||||
Specialty Retail |
55,415,870 | | | 55,415,870 |
BHFTI-333
Table of Contents
Brighthouse Funds Trust I
T. Rowe Price Mid Cap Growth Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy(Continued)
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Textiles, Apparel & Luxury Goods |
$ | 5,437,101 | $ | | $ | | $ | 5,437,101 | ||||||||
Trading Companies & Distributors |
10,180,653 | | | 10,180,653 | ||||||||||||
Total Common Stocks |
1,170,553,386 | 672,675 | | 1,171,226,061 | ||||||||||||
Total Convertible Preferred Stocks* |
| | 4,005,991 | 4,005,991 | ||||||||||||
Total Short-Term Investment* |
35,862,574 | | | 35,862,574 | ||||||||||||
Securities Lending Reinvestments | ||||||||||||||||
Certificates of Deposit |
| 51,942,518 | | 51,942,518 | ||||||||||||
Commercial Paper |
| 17,001,224 | | 17,001,224 | ||||||||||||
Repurchase Agreements |
| 49,314,211 | | 49,314,211 | ||||||||||||
Time Deposit |
| 5,000,000 | | 5,000,000 | ||||||||||||
Mutual Funds |
16,000,000 | | | 16,000,000 | ||||||||||||
Total Securities Lending Reinvestments |
16,000,000 | 123,257,953 | | 139,257,953 | ||||||||||||
Total Investments |
$ | 1,222,415,960 | $ | 123,930,628 | $ | 4,005,991 | $ | 1,350,352,579 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (139,183,342 | ) | $ | | $ | (139,183,342 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
Investments in Securities |
Balance as of December 31, 2022 |
Purchases | Sales | Realized Gain / (Loss) |
Transfer Out |
Change in Unrealized Appreciation/ (Depreciation) |
Balance as of September 30, 2023 |
Change in Unrealized Appreciation (Depreciation) from Investments Held at September 30, 2023 |
||||||||||||||||||||||||
Common Stocks | ||||||||||||||||||||||||||||||||
Oil, Gas & Consumable Fuels |
$ | 9,143,459 | $ | | $ | (11,214,137 | ) | $ | 8,991,051 | $ | | $ | (6,920,373 | ) | $ | | $ | | ||||||||||||||
Convertible Preferred Stocks | ||||||||||||||||||||||||||||||||
Automobiles |
1,894,614 | | | | | (769,037 | ) | 1,125,577 | (769,037 | ) | ||||||||||||||||||||||
Commercial Services & Supplies |
1,431,300 | | | | | (555,348 | ) | 875,952 | (555,348 | ) | ||||||||||||||||||||||
Consumer Staples Distribution & Retail |
1,220,436 | | | | (1,220,436 | ) | | | | |||||||||||||||||||||||
Health Care Providers & Services |
1,027,789 | | | | | (192,124 | ) | 835,665 | (192,124 | ) | ||||||||||||||||||||||
Software |
704,280 | 306,054 | | | | 158,463 | 1,168,797 | 158,463 | ||||||||||||||||||||||||
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Total |
$ | 15,421,878 | $ | 306,054 | $ | (11,214,137 | ) | $ | 8,991,051 | $ | (1,220,436 | ) | $ | (8,278,419 | ) | $ | 4,005,991 | $ | (1,358,046 | ) | ||||||||||||
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BHFTI-334
Table of Contents
Brighthouse Funds Trust I
TCW Core Fixed Income Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies71.0% of Net Assets
Security Description | Principal Amount* |
Value | ||||||
Agency Sponsored Mortgage - Backed38.0% | ||||||||
Federal Home Loan Mortgage Corp. |
| |||||||
2.000%, 04/01/52 |
6,483,382 | $ | 4,940,074 | |||||
2.500%, 01/01/52 |
7,189,004 | 5,716,579 | ||||||
2.500%, 02/01/52 |
8,212,194 | 6,529,346 | ||||||
2.500%, 04/01/52 |
2,143,215 | 1,703,790 | ||||||
2.500%, 05/01/52 |
8,576,135 | 6,811,530 | ||||||
3.000%, 03/01/31 |
619,811 | 577,020 | ||||||
3.000%, 06/01/33 |
175,237 | 160,750 | ||||||
3.000%, 09/01/46 |
853,818 | 722,728 | ||||||
3.000%, 10/01/46 |
2,300,006 | 1,945,924 | ||||||
3.000%, 11/01/46 |
3,561,444 | 3,004,342 | ||||||
3.000%, 01/01/47 |
4,422,530 | 3,738,946 | ||||||
3.000%, 01/01/50 |
5,074,504 | 4,261,228 | ||||||
3.000%, 05/01/52 |
5,778,433 | 4,784,602 | ||||||
3.500%, 11/01/33 |
910,170 | 856,308 | ||||||
3.500%, 01/01/34 |
1,549,423 | 1,455,126 | ||||||
3.500%, 01/01/44 |
1,701,475 | 1,510,470 | ||||||
3.500%, 04/01/45 |
2,599,199 | 2,296,627 | ||||||
3.500%, 11/01/45 |
266,327 | 234,018 | ||||||
3.500%, 06/01/46 |
968,058 | 851,635 | ||||||
3.500%, 08/01/46 |
1,132,249 | 998,905 | ||||||
3.500%, 12/01/47 |
2,962,141 | 2,590,265 | ||||||
3.500%, 01/01/48 |
10,884,509 | 9,659,299 | ||||||
4.000%, 01/01/45 |
1,815,010 | 1,661,057 | ||||||
4.000%, 12/01/45 |
4,076,994 | 3,727,743 | ||||||
4.000%, 03/01/48 |
344,991 | 313,474 | ||||||
4.000%, 06/01/48 |
23,729 | 21,609 | ||||||
4.000%, 11/01/48 |
556,002 | 505,116 | ||||||
4.500%, 10/01/48 |
1,162,120 | 1,088,349 | ||||||
5.000%, 06/01/48 |
326,416 | 314,296 | ||||||
5.000%, 08/01/48 |
53,819 | 51,705 | ||||||
5.000%, 10/01/48 |
614,550 | 590,590 | ||||||
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates |
||||||||
3.750%, 04/25/33 |
5,465,000 | 4,852,686 | ||||||
Federal Home Loan Mortgage Corp. REMICS |
||||||||
3.000%, 04/15/48 |
650,989 | 559,321 | ||||||
Federal Home Loan Mortgage Corp. STACR REMIC Trust |
||||||||
6.815%, SOFR30A + 1.500%, 10/25/41 (144A) (a) |
3,000,000 | 2,956,890 | ||||||
Federal National Mortgage Association |
2,212,672 | 1,798,235 | ||||||
2.000%, 10/01/40 |
5,656,015 | 4,591,355 | ||||||
2.000%, 11/01/40 |
3,292,508 | 2,671,730 | ||||||
2.000%, 07/01/41 |
3,594,057 | 2,889,963 | ||||||
2.000%, 10/01/50 |
1,785,234 | 1,368,782 | ||||||
2.000%, 02/01/51 |
5,865,039 | 4,483,075 | ||||||
2.000%, 03/01/51 |
8,918,833 | 6,816,379 | ||||||
2.000%, 12/01/51 |
14,147,304 | 10,786,721 | ||||||
2.000%, 02/01/52 |
13,892,295 | 10,584,876 | ||||||
2.000%, 04/01/52 |
19,721,513 | 15,045,874 | ||||||
2.455%, 04/01/40 |
2,790,000 | 1,821,156 | ||||||
2.500%, 05/01/51 |
8,501,437 | 6,783,437 | ||||||
2.500%, 12/01/51 |
8,648,744 | 6,879,057 | ||||||
2.500%, 01/01/52 |
677,307 | 538,111 | ||||||
2.500%, 02/01/52 |
8,666,225 | 6,892,212 | ||||||
Federal National Mortgage Association |
| |||||||
2.500%, 03/01/52 |
6,629,313 | 5,266,760 | ||||||
3.000%, 06/01/32 |
406,195 | 375,597 | ||||||
3.000%, 07/01/45 |
7,317,639 | 6,196,950 | ||||||
3.000%, 09/01/49 |
3,774,195 | 3,171,230 | ||||||
3.000%, 10/01/49 |
986,821 | 802,022 | ||||||
3.500%, 01/01/44 |
2,206,605 | 1,943,024 | ||||||
3.500%, 01/01/48 |
2,490,205 | 2,185,037 | ||||||
3.500%, 02/01/48 |
1,219,021 | 1,070,847 | ||||||
4.000%, 08/01/42 |
313,589 | 285,763 | ||||||
4.000%, 06/01/47 |
617,706 | 560,654 | ||||||
4.000%, 11/01/52 |
7,927,049 | 7,061,075 | ||||||
4.500%, 02/01/46 |
1,121,769 | 1,052,755 | ||||||
4.500%, 05/01/48 |
3,278,392 | 3,060,543 | ||||||
4.500%, 08/01/48 |
562,196 | 523,429 | ||||||
4.500%, 02/01/53 |
6,156,476 | 5,655,892 | ||||||
Federal National Mortgage Association REMICS |
||||||||
3.000%, 06/25/48 |
1,523,572 | 1,307,246 | ||||||
3.500%, 01/25/47 |
1,566,039 | 1,492,305 | ||||||
3.500%, 06/25/47 |
928,278 | 863,688 | ||||||
Government National Mortgage Association |
||||||||
2.500%, 09/20/51 |
4,172,940 | 3,412,935 | ||||||
3.000%, 10/20/46 |
720,095 | 619,990 | ||||||
3.000%, 12/20/46 |
2,271,955 | 1,957,636 | ||||||
3.000%, 04/20/47 |
465,034 | 400,165 | ||||||
3.000%, 11/20/47 |
820,285 | 704,475 | ||||||
3.000%, 10/20/49 |
861,714 | 714,912 | ||||||
3.500%, 04/20/46 |
1,626,475 | 1,447,280 | ||||||
3.500%, 05/20/46 |
722,978 | 644,607 | ||||||
3.500%, 06/20/46 |
159,400 | 142,169 | ||||||
3.500%, 11/20/46 |
2,408,375 | 2,146,198 | ||||||
3.500%, 01/20/47 |
417,070 | 370,999 | ||||||
3.500%, 09/20/47 |
773,634 | 686,504 | ||||||
3.500%, 11/20/47 |
1,575,053 | 1,396,717 | ||||||
3.500%, 07/20/49 |
115,166 | 99,912 | ||||||
4.000%, 11/20/47 |
797,833 | 730,732 | ||||||
4.000%, 12/20/47 |
724,139 | 663,049 | ||||||
4.000%, 03/20/48 |
515,971 | 472,250 | ||||||
4.000%, 10/20/48 |
1,036,594 | 945,826 | ||||||
4.500%, 02/20/47 |
1,496,610 | 1,417,704 | ||||||
4.500%, 06/20/47 |
2,288,408 | 2,156,090 | ||||||
5.000%, 06/20/47 |
1,191,500 | 1,148,595 | ||||||
5.000%, 09/20/47 |
643,025 | 619,719 | ||||||
Government National Mortgage Association REMICS |
||||||||
3.500%, 09/20/48 |
1,283,540 | 1,163,022 | ||||||
Government National Mortgage Association, TBA |
||||||||
2.500%, TBA (b) |
22,550,000 | 18,428,421 | ||||||
4.500%, TBA (b) |
8,225,000 | 7,598,165 | ||||||
5.000%, TBA (b) |
3,825,000 | 3,624,486 | ||||||
5.500%, TBA (b) |
11,025,000 | 10,698,557 | ||||||
Uniform Mortgage-Backed Security, TBA |
||||||||
2.000%, TBA (b) |
51,700,000 | 39,320,273 | ||||||
2.500%, TBA (b) |
13,400,000 | 10,634,657 | ||||||
3.000%, TBA (b) |
31,900,000 | 26,373,574 | ||||||
3.500%, TBA (b) |
30,725,000 | 26,421,100 | ||||||
4.000%, TBA (b) |
27,525,000 | 24,503,701 | ||||||
4.500%, TBA (b) |
31,600,000 | 29,012,750 | ||||||
5.000%, TBA (b) |
63,325,000 | 59,743,180 | ||||||
5.500%, TBA (b) |
48,500,000 | 46,868,808 | ||||||
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536,107,286 | ||||||||
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BHFTI-335
Table of Contents
Brighthouse Funds Trust I
TCW Core Fixed Income Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies(Continued)
Security Description | Principal Amount* |
Value | ||||||
Federal Agencies2.3% | ||||||||
Federal Home Loan Banks |
||||||||
5.300%, 05/22/24 |
16,610,000 | $ | 16,559,900 | |||||
5.370%, 05/21/24 |
16,500,000 | 16,452,026 | ||||||
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33,011,926 | ||||||||
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U.S. Treasury30.7% | ||||||||
U.S. Treasury Bonds |
||||||||
3.875%, 05/15/43 |
4,240,000 | 3,686,150 | ||||||
4.125%, 08/15/53 |
39,390,000 | 35,758,734 | ||||||
4.375%, 08/15/43 (c) |
89,675,000 | 83,663,973 | ||||||
U.S. Treasury Inflation-Indexed Notes |
||||||||
1.250%, 04/15/28 (d) |
10,426,207 | 9,912,330 | ||||||
1.375%, 07/15/33 (d) |
11,881,378 | 10,984,938 | ||||||
U.S. Treasury Notes |
||||||||
3.875%, 08/15/33 (c) |
27,130,000 | 25,633,611 | ||||||
4.375%, 08/31/28 (c) |
26,635,000 | 26,370,731 | ||||||
4.625%, 09/15/26 |
52,375,000 | 52,117,216 | ||||||
4.625%, 09/30/28 |
111,720,000 | 111,789,825 | ||||||
5.000%, 09/30/25 |
73,095,000 | 73,026,473 | ||||||
|
|
|||||||
432,943,981 | ||||||||
|
|
|||||||
Total U.S. Treasury & Government Agencies |
1,002,063,193 | |||||||
|
|
|||||||
Corporate Bonds & Notes26.7% |
| |||||||
Aerospace/Defense0.3% | ||||||||
BAE Systems Holdings, Inc. |
||||||||
3.850%, 12/15/25 (144A) (c) |
1,500,000 | 1,440,932 | ||||||
Boeing Co. |
||||||||
1.433%, 02/04/24 |
3,500,000 | 3,444,294 | ||||||
|
|
|||||||
4,885,226 | ||||||||
|
|
|||||||
Agriculture0.7% | ||||||||
BAT Capital Corp. |
||||||||
4.390%, 08/15/37 |
830,000 | 635,123 | ||||||
4.540%, 08/15/47 (c) |
5,585,000 | 3,844,388 | ||||||
4.758%, 09/06/49 (c) |
172,000 | 120,963 | ||||||
5.650%, 03/16/52 (c) |
280,000 | 224,167 | ||||||
Imperial Brands Finance PLC |
||||||||
3.125%, 07/26/24 (144A) |
2,800,000 | 2,728,623 | ||||||
Reynolds American, Inc. |
||||||||
5.700%, 08/15/35 (c) |
1,170,000 | 1,046,794 | ||||||
5.850%, 08/15/45 |
1,805,000 | 1,495,135 | ||||||
|
|
|||||||
10,095,193 | ||||||||
|
|
|||||||
Airlines0.2% | ||||||||
United Airlines Pass-Through Trust |
||||||||
5.800%, 07/15/37 |
2,800,000 | 2,721,852 | ||||||
|
|
|||||||
Banks10.5% | ||||||||
Bank of America Corp. | ||||||||
1.658%, SOFR + 0.910%, 03/11/27 (a)(c) |
9,885,000 | 8,868,756 | ||||||
1.734%, SOFR + 0.960%, 07/22/27 (a) |
446,000 | 395,227 | ||||||
2.087%, SOFR + 1.060%, 06/14/29 (a)(c) |
3,640,000 | 3,047,168 | ||||||
2.299%, SOFR + 1.220%, 07/21/32 (a) |
5,025,000 | 3,807,594 | ||||||
2.496%, 3M TSFR + 1.252%, 02/13/31 (a) |
1,060,000 | 849,525 | ||||||
3.705%, 3M TSFR + 1.774%, 04/24/28 (a)(c) |
3,140,000 | 2,891,918 | ||||||
3.970%, 3M TSFR + 1.332%, 03/05/29 (a) |
990,000 | 906,865 | ||||||
Citigroup, Inc. |
||||||||
1.462%, SOFR + 0.770%, 06/09/27 (a)(c) |
3,735,000 | 3,301,493 | ||||||
2.561%, SOFR + 1.167%, 05/01/32 (a)(c) |
1,905,000 | 1,474,654 | ||||||
2.572%, SOFR + 2.107%, 06/03/31 (a) |
1,230,000 | 980,811 | ||||||
2.976%, SOFR + 1.422%, 11/05/30 (a)(c) |
1,090,000 | 912,612 | ||||||
3.057%, SOFR + 1.351%, 01/25/33 (a) |
4,895,000 | 3,869,678 | ||||||
Goldman Sachs Group, Inc. |
||||||||
0.925%, SOFR + 0.486%, 10/21/24 (a)(c) |
2,060,000 | 2,043,728 | ||||||
1.217%, 12/06/23 (c) |
1,470,000 | 1,457,818 | ||||||
1.431%, SOFR + 0.798%, 03/09/27 (a) |
5,605,000 | 4,990,073 | ||||||
1.542%, SOFR + 0.818%, 09/10/27 (a) |
2,462,000 | 2,155,713 | ||||||
1.948%, SOFR + 0.913%, 10/21/27 (a) |
2,380,000 | 2,101,428 | ||||||
2.383%, SOFR + 1.248%, 07/21/32 (a) |
2,180,000 | 1,660,263 | ||||||
HSBC Holdings PLC |
||||||||
2.013%, SOFR + 1.732%, 09/22/28 (a)(c) |
6,110,000 | 5,186,007 | ||||||
2.206%, SOFR + 1.285%, 08/17/29 (a) |
2,580,000 | 2,126,518 | ||||||
2.804%, SOFR + 1.187%, 05/24/32 (a) |
750,000 | 580,911 | ||||||
4.755%, SOFR + 2.110%, 06/09/28 (a)(c) |
675,000 | 638,644 | ||||||
6.332%, SOFR + 2.650%, 03/09/44 (a)(c) |
1,335,000 | 1,281,865 | ||||||
JPMorgan Chase & Co. |
||||||||
0.969%, 3M TSFR + 0.580%, 06/23/25 (a) |
3,930,000 | 3,771,553 | ||||||
1.040%, 3M TSFR + 0.695%, 02/04/27 (a)(c) |
1,700,000 | 1,512,922 | ||||||
1.578%, SOFR + 0.885%, 04/22/27 (a)(c) |
5,695,000 | 5,082,398 | ||||||
1.953%, SOFR + 1.065%, 02/04/32 (a) |
3,330,000 | 2,525,382 | ||||||
2.545%, SOFR + 1.180%, 11/08/32 (a) |
805,000 | 622,985 | ||||||
2.580%, 3M TSFR + 1.250%, 04/22/32 (a)(c) |
550,000 | 433,854 | ||||||
2.739%, 3M TSFR + 1.510%, 10/15/30 (a)(c) |
1,215,000 | 1,016,064 | ||||||
2.947%, SOFR + 1.170%, 02/24/28 (a)(c) |
1,250,000 | 1,133,941 | ||||||
Lloyds Banking Group PLC |
||||||||
1.627%, 1Y H15 + 0.850%, 05/11/27 (a)(c) |
1,200,000 | 1,064,315 | ||||||
3.870%, 1Y H15 + 3.500%, 07/09/25 (a) |
2,515,000 | 2,466,033 | ||||||
4.976%, 1Y H15 + 2.300%, 08/11/33 (a)(c) |
3,055,000 | 2,711,089 | ||||||
Macquarie Group Ltd. |
||||||||
2.871%, SOFR + 1.532%, 01/14/33 (144A) (a) |
3,425,000 | 2,588,607 | ||||||
4.442%, SOFR + 2.405%, 06/21/33 (144A) (a)(c) |
680,000 | 579,249 | ||||||
5.033%, 3M LIBOR + 1.750%, 01/15/30 (144A) (a)(c) |
628,000 | 599,376 | ||||||
Morgan Stanley |
||||||||
1.164%, SOFR + 0.560%, 10/21/25 (a)(c) |
7,505,000 | 7,084,492 | ||||||
1.928%, SOFR + 1.020%, 04/28/32 (a)(c) |
2,925,000 | 2,172,688 | ||||||
2.475%, SOFR + 1.000%, 01/21/28 (a)(c) |
2,740,000 | 2,443,035 | ||||||
2.484%, SOFR + 1.360%, 09/16/36 (a) |
2,235,000 | 1,623,475 | ||||||
NatWest Group PLC |
||||||||
4.269%, 3M LIBOR + 1.762%, 03/22/25 (a) |
840,000 | 831,003 | ||||||
PNC Financial Services Group, Inc. |
||||||||
5.068%, SOFR + 1.933%, 01/24/34 (a)(c) |
2,010,000 | 1,822,767 | ||||||
6.037%, SOFR + 2.140%, 10/28/33 (a)(c) |
1,455,000 | 1,412,036 | ||||||
Santander U.K. Group Holdings PLC |
||||||||
1.089%, SOFR + 0.787%, 03/15/25 (a)(c) |
3,445,000 | 3,351,954 | ||||||
1.532%, 1Y H15 + 1.250%, 08/21/26 (a) |
330,000 | 299,129 | ||||||
1.673%, SOFR + 0.989%, 06/14/27 (a)(c) |
1,250,000 | 1,093,373 | ||||||
2.469%, SOFR + 1.220%, 01/11/28 (a)(c) |
725,000 | 630,973 |
BHFTI-336
Table of Contents
Brighthouse Funds Trust I
TCW Core Fixed Income Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Banks(Continued) | ||||||||
Santander U.K. PLC |
||||||||
5.000%, 11/07/23 (144A) |
3,950,000 | $ | 3,940,165 | |||||
U.S. Bancorp |
||||||||
4.839%, SOFR + 1.600%, 02/01/34 (a) |
2,745,000 | 2,416,854 | ||||||
5.836%, SOFR + 2.260%, 06/12/34 (a) |
865,000 | 815,825 | ||||||
5.850%, SOFR + 2.090%, 10/21/33 (a)(c) |
1,480,000 | 1,401,000 | ||||||
UBS Group AG |
||||||||
1.305%, SOFR + 0.980%, 02/02/27 (144A) (a) |
1,650,000 | 1,463,233 | ||||||
1.494%, 1Y H15 + 0.850%, 08/10/27 (144A) (a) |
930,000 | 811,759 | ||||||
2.593%, SOFR + 1.560%, 09/11/25 (144A) (a) |
95,000 | 91,436 | ||||||
3.091%, SOFR + 1.730%, 05/14/32 (144A) (a) |
1,815,000 | 1,433,577 | ||||||
3.869%, 3M LIBOR + 1.410%, 01/12/29 (144A) (a)(c) |
785,000 | 711,040 | ||||||
6.373%, SOFR + 3.340%, 07/15/26 (144A) (a) |
1,250,000 | 1,245,288 | ||||||
6.537%, SOFR + 3.920%, 08/12/33 (144A) (a) |
6,400,000 | 6,325,205 | ||||||
9.016%, SOFR + 5.020%, 11/15/33 (144A) (a) |
6,530,000 | 7,540,939 | ||||||
Wells Fargo & Co. |
||||||||
2.164%, 3M TSFR + 1.012%, 02/11/26 (a)(c) |
2,075,000 | 1,958,752 | ||||||
2.393%, SOFR + 2.100%, 06/02/28 (a) |
4,790,000 | 4,200,682 | ||||||
3.350%, SOFR + 1.500%, 03/02/33 (a)(c) |
5,270,000 | 4,259,970 | ||||||
3.526%, SOFR + 1.510%, 03/24/28 (a)(c) |
3,970,000 | 3,645,943 | ||||||
4.897%, SOFR + 2.100%, 07/25/33 (a) |
1,710,000 | 1,547,550 | ||||||
5.013%, 3M TSFR + 4.502%, 04/04/51 (a) |
95,000 | 79,822 | ||||||
5.389%, SOFR + 2.020%, 04/24/34 (a) |
660,000 | 617,039 | ||||||
|
|
|||||||
148,908,041 | ||||||||
|
|
|||||||
Beverages0.1% | ||||||||
Bacardi Ltd. |
405,000 | 392,999 | ||||||
5.300%, 05/15/48 (144A) |
1,105,000 | 953,059 | ||||||
|
|
|||||||
1,346,058 | ||||||||
|
|
|||||||
Biotechnology0.2% | ||||||||
Amgen, Inc. |
720,000 | 598,815 | ||||||
5.250%, 03/02/33 |
770,000 | 736,088 | ||||||
5.600%, 03/02/43 |
730,000 | 678,668 | ||||||
5.650%, 03/02/53 (c) |
315,000 | 294,816 | ||||||
|
|
|||||||
2,308,387 | ||||||||
|
|
|||||||
Chemicals0.3% | ||||||||
International Flavors & Fragrances, Inc. |
||||||||
2.300%, 11/01/30 (144A) (c) |
4,273,000 | 3,214,424 | ||||||
4.375%, 06/01/47 |
345,000 | 231,690 | ||||||
5.000%, 09/26/48 (c) |
460,000 | 342,794 | ||||||
|
|
|||||||
3,788,908 | ||||||||
|
|
|||||||
Commercial Services0.1% | ||||||||
Global Payments, Inc. |
||||||||
5.400%, 08/15/32 |
795,000 | 745,195 | ||||||
5.950%, 08/15/52 (c) |
1,024,000 | 918,092 | ||||||
|
|
|||||||
1,663,287 | ||||||||
|
|
|||||||
Diversified Financial Services1.3% | ||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust |
||||||||
3.000%, 10/29/28 (c) |
2,195,000 | 1,882,165 | ||||||
3.300%, 01/30/32 (c) |
4,300,000 | 3,418,121 | ||||||
Air Lease Corp. |
||||||||
2.300%, 02/01/25 (c) |
4,715,000 | 4,466,259 | ||||||
American Express Co. |
||||||||
2.550%, 03/04/27 (c) |
1,410,000 | 1,271,283 | ||||||
Avolon Holdings Funding Ltd. |
||||||||
2.528%, 11/18/27 (144A) |
1,274,000 | 1,075,449 | ||||||
2.875%, 02/15/25 (144A) (c) |
1,995,000 | 1,883,475 | ||||||
3.950%, 07/01/24 (144A) |
560,000 | 548,126 | ||||||
Capital One Financial Corp. |
||||||||
3.273%, SOFR + 1.790%, 03/01/30 (a) |
2,700,000 | 2,258,548 | ||||||
Intercontinental Exchange, Inc. |
||||||||
1.850%, 09/15/32 (c) |
2,155,000 | 1,576,195 | ||||||
Park Aerospace Holdings Ltd. |
||||||||
5.500%, 02/15/24 (144A) |
390,000 | 388,057 | ||||||
|
|
|||||||
18,767,678 | ||||||||
|
|
|||||||
Electric2.2% | ||||||||
Appalachian Power Co. |
||||||||
3.300%, 06/01/27 (c) |
760,000 | 697,041 | ||||||
4.450%, 06/01/45 |
1,440,000 | 1,109,764 | ||||||
Arizona Public Service Co. |
||||||||
5.550%, 08/01/33 (c) |
1,565,000 | 1,517,066 | ||||||
Duke Energy Carolinas LLC |
||||||||
4.250%, 12/15/41 |
1,300,000 | 1,040,334 | ||||||
Duke Energy Progress LLC |
||||||||
4.100%, 05/15/42 (c) |
1,000,000 | 775,204 | ||||||
4.100%, 03/15/43 |
2,325,000 | 1,792,517 | ||||||
Evergy Metro, Inc. |
||||||||
4.200%, 03/15/48 |
2,250,000 | 1,706,024 | ||||||
Eversource Energy |
||||||||
4.600%, 07/01/27 |
1,660,000 | 1,596,589 | ||||||
FirstEnergy Transmission LLC |
||||||||
4.350%, 01/15/25 (144A) |
3,430,000 | 3,348,047 | ||||||
Florida Power & Light Co. |
||||||||
3.990%, 03/01/49 |
2,000,000 | 1,502,624 | ||||||
International Transmission Co. |
||||||||
4.625%, 08/15/43 (c) |
2,750,000 | 2,177,790 | ||||||
MidAmerican Energy Co. |
||||||||
4.800%, 09/15/43 |
905,000 | 771,959 | ||||||
Oncor Electric Delivery Co. LLC |
||||||||
4.950%, 09/15/52 (144A) (c) |
1,500,000 | 1,306,667 | ||||||
PacifiCorp |
||||||||
3.350%, 07/01/25 |
2,000,000 | 1,914,288 | ||||||
Pennsylvania Electric Co. |
||||||||
3.250%, 03/15/28 (144A) |
570,000 | 511,440 | ||||||
4.150%, 04/15/25 (144A) |
2,800,000 | 2,702,131 | ||||||
Public Service Co. of Colorado |
||||||||
5.250%, 04/01/53 (c) |
1,545,000 | 1,344,968 | ||||||
Public Service Co. of New Mexico |
||||||||
3.850%, 08/01/25 (c) |
3,135,000 | 2,992,293 | ||||||
Southwestern Electric Power Co. |
||||||||
4.100%, 09/15/28 (c) |
3,000,000 | 2,783,983 | ||||||
|
|
|||||||
31,590,729 | ||||||||
|
|
BHFTI-337
Table of Contents
Brighthouse Funds Trust I
TCW Core Fixed Income Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Entertainment0.5% | ||||||||
Warnermedia Holdings, Inc. |
||||||||
5.050%, 03/15/42 |
4,510,000 | $ | 3,487,982 | |||||
5.141%, 03/15/52 (c) |
5,322,000 | 3,954,461 | ||||||
|
|
|||||||
7,442,443 | ||||||||
|
|
|||||||
Food0.6% | ||||||||
JBS USA LUX SA/JBS USA Food Co./JBS Luxembourg Sarl |
2,285,000 | 2,223,282 | ||||||
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. |
||||||||
3.000%, 05/15/32 |
1,085,000 | 818,504 | ||||||
3.750%, 12/01/31 (c) |
380,000 | 304,395 | ||||||
4.375%, 02/02/52 (c) |
1,500,000 | 996,867 | ||||||
6.500%, 12/01/52 (c) |
1,795,000 | 1,607,055 | ||||||
Pilgrims Pride Corp. |
||||||||
3.500%, 03/01/32 (c) |
1,200,000 | 927,963 | ||||||
6.250%, 07/01/33 (c) |
1,080,000 | 1,014,972 | ||||||
|
|
|||||||
7,893,038 | ||||||||
|
|
|||||||
Gas0.6% | ||||||||
KeySpan Gas East Corp. |
5,000,000 | 3,076,238 | ||||||
5.994%, 03/06/33 (144A) (c) |
220,000 | 212,307 | ||||||
Southern Co. Gas Capital Corp. |
4,000,000 | 3,761,054 | ||||||
Spire, Inc. |
1,000,000 | 730,638 | ||||||
|
|
|||||||
7,780,237 | ||||||||
|
|
|||||||
Healthcare-Services1.7% | ||||||||
Centene Corp. |
||||||||
3.000%, 10/15/30 |
4,362,000 | 3,518,433 | ||||||
CommonSpirit Health |
||||||||
2.782%, 10/01/30 |
870,000 | 716,106 | ||||||
3.347%, 10/01/29 |
110,000 | 96,031 | ||||||
Elevance Health, Inc. |
||||||||
3.650%, 12/01/27 (c) |
2,235,000 | 2,071,627 | ||||||
Fresenius Medical Care U.S. Finance III, Inc. |
2,050,000 | 1,787,804 | ||||||
HCA, Inc. |
||||||||
2.375%, 07/15/31 (c) |
465,000 | 355,906 | ||||||
3.625%, 03/15/32 (c) |
1,035,000 | 857,900 | ||||||
5.250%, 06/15/26 |
1,505,000 | 1,473,376 | ||||||
5.250%, 06/15/49 (c) |
3,200,000 | 2,628,760 | ||||||
5.500%, 06/15/47 |
1,000,000 | 853,561 | ||||||
5.875%, 02/01/29 (c) |
2,000,000 | 1,967,557 | ||||||
Humana, Inc. |
||||||||
3.700%, 03/23/29 (c) |
4,685,000 | 4,273,763 | ||||||
New York & Presbyterian Hospital |
||||||||
3.563%, 08/01/36 |
4,490,000 | 3,540,749 | ||||||
|
|
|||||||
24,141,573 | ||||||||
|
|
|||||||
Insurance1.0% | ||||||||
Aon Corp./Aon Global Holdings PLC |
960,000 | 686,096 | ||||||
Arthur J Gallagher & Co. |
1,490,000 | 1,364,831 | ||||||
Athene Global Funding |
5,100,000 | 4,158,795 | ||||||
3.205%, 03/08/27 (144A) |
1,055,000 | 945,082 | ||||||
Berkshire Hathaway Finance Corp. |
615,000 | 458,735 | ||||||
Farmers Exchange Capital III |
3,530,000 | 3,004,649 | ||||||
Farmers Insurance Exchange |
90,000 | 67,009 | ||||||
Teachers Insurance & Annuity Association of America |
3,500,000 | 3,409,880 | ||||||
|
|
|||||||
14,095,077 | ||||||||
|
|
|||||||
Internet0.2% | ||||||||
Meta Platforms, Inc. |
||||||||
4.450%, 08/15/52 |
10,000 | 7,916 | ||||||
5.600%, 05/15/53 (c) |
1,710,000 | 1,618,445 | ||||||
Tencent Holdings Ltd. |
||||||||
3.680%, 04/22/41 (144A) |
920,000 | 635,648 | ||||||
3.840%, 04/22/51 (144A) |
910,000 | 580,401 | ||||||
|
|
|||||||
2,842,410 | ||||||||
|
|
|||||||
Media0.6% | ||||||||
Charter Communications Operating LLC/Charter Communications Operating Capital |
||||||||
5.250%,4/01/53 (c) |
1,605,000 | 1,199,742 | ||||||
5.375%a, 05/01/47 |
6,500,000 | 4,953,153 | ||||||
Time Warner Cable LLC |
||||||||
5.500%, 09/01/41 |
2,065,000 | 1,615,311 | ||||||
|
|
|||||||
7,768,206 | ||||||||
|
|
|||||||
Oil & Gas0.2% | ||||||||
Hess Corp. |
||||||||
5.600%, 02/15/41 (c) |
465,000 | 419,881 | ||||||
Petroleos Mexicanos |
640,000 | 428,672 | ||||||
6.750%, 09/21/47 |
2,423,000 | 1,435,716 | ||||||
|
|
|||||||
2,284,269 | ||||||||
|
|
|||||||
Packaging & Containers0.4% | ||||||||
Amcor Finance USA, Inc. |
2,625,000 | 2,478,482 | ||||||
Berry Global, Inc. |
1,587,000 | 1,434,543 | ||||||
1.650%, 01/15/27 (c) |
2,631,000 | 2,261,394 | ||||||
|
|
|||||||
6,174,419 | ||||||||
|
|
|||||||
Pharmaceuticals0.8% | ||||||||
Bayer U.S. Finance II LLC |
135,000 | 129,984 | ||||||
4.375%, 12/15/28 (144A) |
4,506,000 | 4,188,439 | ||||||
4.400%, 07/15/44 (144A) (c) |
1,205,000 | 901,139 | ||||||
4.625%, 06/25/38 (144A) (c) |
1,250,000 | 1,026,043 | ||||||
4.875%, 06/25/48 (144A) |
1,965,000 | 1,567,066 |
BHFTI-338
Table of Contents
Brighthouse Funds Trust I
TCW Core Fixed Income Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Corporate Bonds & Notes(Continued)
Security Description | Principal Amount* |
Value | ||||||
Pharmaceuticals(Continued) | ||||||||
Cigna Group |
739,000 | $ | 483,736 | |||||
3.875%, 10/15/47 |
1,100,000 | 786,944 | ||||||
CVS Health Corp. |
2,830,000 | 2,351,292 | ||||||
|
|
|||||||
11,434,643 | ||||||||
|
|
|||||||
Pipelines0.6% | ||||||||
Energy Transfer LP |
3,455,000 | 2,710,266 | ||||||
5.150%, 03/15/45 |
1,032,000 | 831,499 | ||||||
5.400%, 10/01/47 (c) |
885,000 | 729,903 | ||||||
Plains All American Pipeline LP/PAA Finance Corp. |
1,290,000 | 1,108,042 | ||||||
Rockies Express Pipeline LLC |
3,000,000 | 2,672,080 | ||||||
TransCanada PipeLines Ltd. |
145,000 | 126,308 | ||||||
|
|
|||||||
8,178,098 | ||||||||
|
|
|||||||
Real Estate Investment Trusts1.9% | ||||||||
American Assets Trust LP |
1,950,000 | 1,459,601 | ||||||
American Homes 4 Rent LP |
975,000 | 743,369 | ||||||
3.375%, 07/15/51 |
860,000 | 516,150 | ||||||
American Tower Corp. |
||||||||
2.300%, 09/15/31 (c) |
1,400,000 | 1,062,460 | ||||||
2.700%, 04/15/31 (c) |
2,265,000 | 1,796,297 | ||||||
5.550%, 07/15/33 (c) |
710,000 | 676,532 | ||||||
5.650%, 03/15/33 (c) |
1,020,000 | 980,492 | ||||||
CubeSmart LP |
||||||||
2.500%, 02/15/32 |
425,000 | 323,319 | ||||||
Extra Space Storage LP |
||||||||
2.350%, 03/15/32 (c) |
525,000 | 396,846 | ||||||
2.400%, 10/15/31 |
349,000 | 267,183 | ||||||
2.550%, 06/01/31 (c) |
1,000,000 | 778,495 | ||||||
3.900%, 04/01/29 |
320,000 | 287,416 | ||||||
GLP Capital LP/GLP Financing II, Inc. |
||||||||
3.250%, 01/15/32 |
27,000 | 20,954 | ||||||
4.000%, 01/15/30 |
457,000 | 387,561 | ||||||
4.000%, 01/15/31 (c) |
60,000 | 49,951 | ||||||
5.250%, 06/01/25 (c) |
280,000 | 274,231 | ||||||
5.300%, 01/15/29 |
265,000 | 245,660 | ||||||
5.375%, 04/15/26 (c) |
1,575,000 | 1,527,093 | ||||||
5.750%, 06/01/28 (c) |
2,000,000 | 1,917,601 | ||||||
Healthcare Realty Holdings LP |
||||||||
2.000%, 03/15/31 (c) |
1,022,000 | 765,952 | ||||||
2.050%, 03/15/31 |
211,000 | 152,457 | ||||||
3.500%, 08/01/26 (c) |
2,399,000 | 2,228,544 | ||||||
Hudson Pacific Properties LP |
||||||||
3.250%, 01/15/30 |
900,000 | 612,400 | ||||||
3.950%, 11/01/27 |
265,000 | 209,185 | ||||||
4.650%, 04/01/29 (c) |
250,000 | 188,211 | ||||||
5.950%, 02/15/28 |
1,355,000 | 1,131,195 | ||||||
Invitation Homes Operating Partnership LP |
||||||||
2.000%, 08/15/31 |
2,144,000 | 1,586,647 | ||||||
5.500%, 08/15/33 (c) |
255,000 | 238,013 | ||||||
Physicians Realty LP |
||||||||
2.625%, 11/01/31 (c) |
990,000 | 745,632 | ||||||
Rexford Industrial Realty LP |
155,000 | 115,577 | ||||||
VICI Properties LP |
||||||||
4.950%, 02/15/30 |
35,000 | 32,024 | ||||||
5.125%, 05/15/32 (c) |
1,811,000 | 1,620,978 | ||||||
5.625%, 05/15/52 |
849,000 | 703,053 | ||||||
VICI Properties LP/VICI Note Co., Inc. |
||||||||
3.750%, 02/15/27 (144A) |
35,000 | 31,760 | ||||||
3.875%, 02/15/29 (144A) |
885,000 | 764,740 | ||||||
4.125%, 08/15/30 (144A) (c) |
262,000 | 222,800 | ||||||
4.500%, 09/01/26 (144A) |
550,000 | 516,700 | ||||||
4.500%, 01/15/28 (144A) (c) |
389,000 | 354,997 | ||||||
4.625%, 06/15/25 (144A) (c) |
145,000 | 140,025 | ||||||
5.750%, 02/01/27 (144A) |
240,000 | 232,336 | ||||||
|
|
|||||||
26,304,437 | ||||||||
|
|
|||||||
Retail0.0% | ||||||||
Tractor Supply Co. |
||||||||
5.250%, 05/15/33 (c) |
740,000 | 698,749 | ||||||
|
|
|||||||
Savings & Loans0.2% | ||||||||
Nationwide Building Society |
||||||||
2.972%, SOFR + 1.290%, 02/16/28 (144A) (a)(c) |
2,435,000 | 2,177,761 | ||||||
|
|
|||||||
Semiconductors0.1% | ||||||||
Broadcom, Inc. |
||||||||
2.600%, 02/15/33 (144A) |
1,569,000 | 1,169,978 | ||||||
|
|
|||||||
Software0.6% | ||||||||
Fiserv, Inc. |
||||||||
5.600%, 03/02/33 (c) |
1,945,000 | 1,885,064 | ||||||
5.625%, 08/21/33 (c) |
390,000 | 377,888 | ||||||
Oracle Corp. |
||||||||
3.600%, 04/01/50 |
1,705,000 | 1,102,883 | ||||||
3.950%, 03/25/51 (c) |
4,282,000 | 2,935,504 | ||||||
6.900%, 11/09/52 (c) |
1,465,000 | 1,509,139 | ||||||
Take-Two Interactive Software, Inc. |
||||||||
4.000%, 04/14/32 (c) |
775,000 | 675,974 | ||||||
|
|
|||||||
8,486,452 | ||||||||
|
|
|||||||
Telecommunications0.8% | ||||||||
AT&T, Inc. |
||||||||
4.850%, 03/01/39 |
1,368,000 | 1,157,556 | ||||||
5.250%, 03/01/37 |
2,485,000 | 2,256,641 | ||||||
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC |
||||||||
4.738%, 03/20/25 (144A) |
3,005,622 | 2,973,740 | ||||||
5.152%, 09/20/29 (144A) |
1,485,000 | 1,458,934 | ||||||
T-Mobile USA, Inc. |
||||||||
3.750%, 04/15/27 |
2,145,000 | 2,004,330 | ||||||
3.875%, 04/15/30 |
1,308,000 | 1,158,850 | ||||||
Vodafone Group PLC |
||||||||
4.875%, 06/19/49 (c) |
1,242,000 | 991,528 | ||||||
|
|
|||||||
12,001,579 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
376,948,728 | |||||||
|
|
BHFTI-339
Table of Contents
Brighthouse Funds Trust I
TCW Core Fixed Income Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Asset-Backed Securities11.0%
Security Description | Principal Amount* |
Value | ||||||
Asset-BackedHome Equity0.8% | ||||||||
New Century Home Equity Loan Trust |
||||||||
6.214%, 1M TSFR + 0.894%, 08/25/34 (a) |
5,103,705 | $ | 4,828,165 | |||||
Soundview Home Loan Trust |
||||||||
5.644%, 1M TSFR + 0.324%, 06/25/37 (a) |
9,927,433 | 6,494,626 | ||||||
|
|
|||||||
11,322,791 | ||||||||
|
|
|||||||
Asset-BackedOther6.7% | ||||||||
AGL CLO 12 Ltd. |
||||||||
6.748%, 3M TSFR + 1.422%, 07/20/34 (144A) (a) |
5,400,000 | 5,353,047 | ||||||
Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates |
||||||||
6.184%, 1M TSFR + 0.864%, 01/25/36 (a) |
5,965,000 | 5,699,333 | ||||||
AMMC CLO XIII Ltd. |
||||||||
6.657%, 3M TSFR + 1.312%, 07/24/29 (144A) (a) |
1,479,203 | 1,478,990 | ||||||
Arbor Realty Commercial Real Estate Notes Ltd. |
||||||||
6.517%, 1M TSFR + 1.184%, 08/15/34 (144A) (a) |
4,570,000 | 4,501,432 | ||||||
Carrington Mortgage Loan Trust |
||||||||
5.574%, 1M TSFR + 0.254%, 12/25/36 (a) |
6,035,965 | 5,745,733 | ||||||
Clover CLO LLC |
5,000,000 | 4,989,465 | ||||||
Countrywide Asset-Backed Certificates Trust |
3,300,000 | 2,970,771 | ||||||
Dryden XXVI Senior Loan Fund |
1,772,809 | 1,766,701 | ||||||
Flexential Issuer |
4,753,000 | 4,161,812 | ||||||
FS Rialto Issuer LLC |
1,837,349 | 1,807,090 | ||||||
JP Morgan Mortgage Acquisition Trust |
8,307,000 | 7,457,760 | ||||||
Madison Park Funding XIX Ltd. |
1,474,237 | 1,468,783 | ||||||
Neuberger Berman CLO XX Ltd. |
5,000,000 | 4,936,570 | ||||||
New Economy Assets Phase 1 Sponsor LLC |
4,765,000 | 3,962,056 | ||||||
Octagon Investment Partners 46 Ltd. |
5,520,000 | 5,489,259 | ||||||
OHA Credit Funding 4 Ltd. |
4,000,000 | 3,960,768 | ||||||
Popular ABS Mortgage Pass-Through Trust |
1,438,015 | 1,411,755 | ||||||
Progress Residential Trust |
3,300,000 | 3,186,442 | ||||||
Rockford Tower CLO Ltd. |
4,895,313 | 4,885,169 | ||||||
Structured Asset Investment Loan Trust |
1,416,982 | 1,375,756 | ||||||
U.S. Small Business Administration |
3,770,661 | 3,362,668 | ||||||
3.930%, 07/01/47 |
6,962,914 | 6,276,434 | ||||||
5.040%, 10/01/47 |
3,882,098 | 3,751,052 | ||||||
Wellman Park CLO Ltd. |
4,750,000 | 4,710,793 | ||||||
|
|
|||||||
94,709,639 | ||||||||
|
|
|||||||
Asset-BackedStudent Loan3.5% | ||||||||
Navient Student Loan Trust |
5,034,819 | 4,993,664 | ||||||
6.929%, SOFR30A + 1.614%, 10/25/58 (a) |
2,470,000 | 2,319,992 | ||||||
SLC Student Loan Trust |
7,066,813 | 6,835,747 | ||||||
5.642%, SOFR90A + 0.422%, 03/15/55 (a) |
6,512,029 | 6,277,029 | ||||||
SLM Student Loan Trust |
1,877,965 | 1,823,982 | ||||||
5.686%, SOFR90A + 0.632%, 01/25/40 (a) |
2,704,170 | 2,487,441 | ||||||
5.866%, SOFR90A + 0.812%, 10/25/64 (144A) (a) |
3,319,038 | 3,244,777 | ||||||
6.179%, SOFR30A + 0.864%, 05/26/26 (a) |
3,921,673 | 3,795,265 | ||||||
6.179%, SOFR30A + 0.864%, 01/25/45 (144A) (a) |
1,878,526 | 1,858,442 | ||||||
6.416%, SOFR90A + 1.362%, 07/25/23 (a) |
3,851,591 | 3,811,038 | ||||||
6.682%, SOFR90A + 1.462%, 12/15/33 (144A) (a) |
2,770,852 | 2,723,359 | ||||||
7.229%, SOFR30A + 1.914%, 09/25/43 (a) |
5,800,000 | 5,383,412 | ||||||
Wachovia Student Loan Trust |
3,245,259 | 3,134,807 | ||||||
|
|
|||||||
48,688,955 | ||||||||
|
|
|||||||
Total Asset-Backed Securities |
154,721,385 | |||||||
|
|
|||||||
Mortgage-Backed Securities7.5% |
| |||||||
Collateralized Mortgage Obligations4.9% | ||||||||
Angel Oak Mortgage Trust |
6,770,751 | 5,913,069 | ||||||
CIM Trust |
4,914,060 | 4,271,229 | ||||||
2.000%, 05/01/61 (144A) (a) |
5,640,206 | 4,783,930 | ||||||
2.000%, 08/25/61 (144A) (a) |
4,593,024 | 3,677,027 | ||||||
2.500%, 04/25/51 (144A) (a) |
10,639,281 | 8,028,082 | ||||||
3.000%, 10/25/59 (144A) (a) |
4,110,809 | 3,667,403 | ||||||
5.400%, 04/25/62 (144A) (a) |
7,002,712 | 6,527,197 | ||||||
CSMC Trust |
3,967,803 | 3,648,472 | ||||||
4.547%, 05/25/67 (144A) (a) |
4,068,325 | 3,841,796 | ||||||
GS Mortgage-Backed Securities Trust |
3,059,874 | 2,882,773 | ||||||
JP Morgan Mortgage Trust |
6,085,426 | 5,382,329 | ||||||
2.500%, 06/25/52 (144A) (a) |
10,112,012 | 8,401,656 | ||||||
PHH Alternative Mortgage Trust |
3,484,829 | 3,285,771 | ||||||
Towd Point Mortgage Trust |
362,070 | 358,027 | ||||||
WaMu Mortgage Pass-Through Certificates Trust |
2,424,450 | 2,255,393 | ||||||
6.014%, 1M TSFR + 0.694%, 10/25/45 (a) |
1,643,724 | 1,522,896 | ||||||
|
|
|||||||
68,447,050 | ||||||||
|
|
|||||||
Commercial Mortgage-Backed Securities2.6% | ||||||||
BAMLL Commercial Mortgage Securities Trust |
3,265,000 | 2,858,421 |
BHFTI-340
Table of Contents
Brighthouse Funds Trust I
TCW Core Fixed Income Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Mortgage-Backed Securities(Continued)
Security Description | Principal Amount* |
Value | ||||||
Commercial Mortgage-Backed Securities(Continued) | ||||||||
Bank |
4,231,000 | $ | 3,811,032 | |||||
BX Trust |
895,000 | 754,377 | ||||||
BXHPP Trust |
4,777,000 | 4,498,456 | ||||||
COMM Mortgage Trust |
1,654,171 | 1,612,125 | ||||||
CSAIL Commercial Mortgage Trust |
3,384,500 | 2,742,380 | ||||||
DC Office Trust |
1,850,000 | 1,460,444 | ||||||
GS Mortgage Securities Corportation Trust |
4,225,000 | 4,140,245 | ||||||
Hudson Yards Mortgage Trust |
1,850,000 | 1,523,756 | ||||||
3.228%, 07/10/39 (144A) |
1,875,000 | 1,584,470 | ||||||
JP Morgan Chase Commercial Mortgage Securities Trust |
2,000,000 | 1,696,169 | ||||||
Ladder Capital Commercial Mortgage Trust |
2,834,000 | 2,586,766 | ||||||
One Bryant Park Trust |
2,390,000 | 1,898,299 | ||||||
RBS Commercial Funding, Inc. Trust |
1,205,000 | 1,185,266 | ||||||
SFAVE Commercial Mortgage Securities Trust |
2,219,000 | 1,473,274 | ||||||
4.144%, 01/05/43 (144A) (a) |
110,000 | 71,941 | ||||||
SMRT Commercial Mortgage Trust |
3,500,000 | 3,224,805 | ||||||
|
|
|||||||
37,122,226 | ||||||||
|
|
|||||||
Total Mortgage-Backed Securities |
105,569,276 | |||||||
|
|
|||||||
Municipals0.5% |
| |||||||
City of New York |
1,750,000 | 1,806,263 | ||||||
County of Miami-Dade Aviation Revenue |
600,000 | 498,086 | ||||||
New York City Transitional Finance Authority Future Tax Secured Revenue |
1,250,000 | 1,173,282 | ||||||
5.267%, 05/01/27 |
2,150,000 | 2,152,410 | ||||||
Regents of the University of California Medical Center Pooled Revenue |
3,420,000 | 2,144,456 | ||||||
|
|
|||||||
Total Municipals |
7,774,497 | |||||||
|
|
|||||||
Short-Term Investments17.2% |
| |||||||
Security Description | Shares/ Principal |
Value | ||||||
Mutual Funds14.7% | ||||||||
State Street Institutional Liquid Reserves Fund, Trust Class |
207,941,045 | 208,024,222 | ||||||
U.S. Treasury2.5% | ||||||||
U.S. Treasury Bills |
16,420,000 | 16,281,494 | ||||||
5.413%, 02/15/24 (f) |
19,440,000 | 19,050,676 | ||||||
|
|
|||||||
35,332,170 | ||||||||
|
|
|||||||
Total Short-Term Investments |
243,356,392 | |||||||
|
|
|||||||
Securities Lending Reinvestments (g)7.8% |
| |||||||
Certificates of Deposit2.8% | ||||||||
Bank of America N.A. |
2,000,000 | 2,000,270 | ||||||
Bank of Montreal |
3,000,000 | 3,001,929 | ||||||
Canadian Imperial Bank of Commerce (NY) |
5,000,000 | 5,000,490 | ||||||
Citibank N.A. |
3,000,000 | 3,000,225 | ||||||
Mitsubishi UFJ Trust & Banking Corp. |
||||||||
Zero Coupon, 10/19/23 |
2,000,000 | 1,994,100 | ||||||
Zero Coupon, 10/20/23 |
1,000,000 | 996,900 | ||||||
Mizuho Bank Ltd. |
4,000,000 | 4,000,196 | ||||||
Nordea Bank Abp |
5,000,000 | 5,000,760 | ||||||
Royal Bank of Canada |
4,000,000 | 4,001,008 | ||||||
Sumitomo Mitsui Trust Bank Ltd. |
4,000,000 | 4,000,212 | ||||||
Svenska Handelsbanken AB |
3,000,000 | 3,001,815 | ||||||
Toronto-Dominion Bank |
3,000,000 | 3,001,740 | ||||||
|
|
|||||||
38,999,645 | ||||||||
|
|
|||||||
Commercial Paper1.0% | ||||||||
National Australia Bank Ltd. |
||||||||
5.660%, SOFR + 0.350%, 12/05/23 (a) |
2,000,000 | 2,000,440 | ||||||
Skandinaviska Enskilda Banken AB |
||||||||
5.680%, SOFR + 0.360%, 11/15/23 (a) |
4,000,000 | 4,001,080 | ||||||
5.700%, SOFR + 0.380%, 12/15/23 (a) |
5,000,000 | 5,002,000 | ||||||
UBS AG |
||||||||
5.600%, SOFR + 0.280%, 11/27/23 (a) |
3,000,000 | 3,000,000 | ||||||
|
|
|||||||
14,003,520 | ||||||||
|
|
|||||||
Repurchase Agreements3.0% | ||||||||
Bank of Nova Scotia |
5,000,000 | 5,000,000 |
BHFTI-341
Table of Contents
Brighthouse Funds Trust I
TCW Core Fixed Income Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (g)(Continued)
Security Description | Principal Amount* |
Value | ||||||
Repurchase Agreements(Continued) | ||||||||
Cantor Fitzgerald & Co. |
10,000,000 | $ | 10,000,000 | |||||
Citigroup Global Markets, Inc. |
||||||||
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $4,504,786; collateralized by U.S. Treasury Obligations with rates ranging from 0.250%5.403%, maturity dates ranging from 01/31/2410/31/25, and various Common Stock with an aggregate market value of $4,590,111. |
4,500,000 | 4,500,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $5,150,826; collateralized by U.S. Treasury Obligations with rates ranging from 2.000%2.875%, maturity dates ranging from 02/15/2505/15/49, and various Common Stock with an aggregate market value of $5,314,856. |
5,000,000 | 5,000,000 | ||||||
ING Financial Markets LLC |
||||||||
Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $2,051,201; collateralized by U.S. Treasury Obligations with rates ranging from 0.000%4.500%, maturity dates ranging from 10/12/2302/15/50, and an aggregate market value of $2,091,302. |
2,050,296 | 2,050,296 | ||||||
National Bank of Canada |
||||||||
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $5,005,299; collateralized by various Common Stock with an aggregate market value of $5,579,937. |
5,000,000 | 5,000,000 | ||||||
NBC Global Finance Ltd. |
||||||||
Repurchase Agreement dated 09/29/23 at 5.460%, due on 10/02/23 with a maturity value of $1,000,455; collateralized by various Common Stock with an aggregate market value of $1,115,995. |
1,000,000 | 1,000,000 | ||||||
Royal Bank of Canada Toronto |
||||||||
Repurchase Agreement dated 09/29/23 at 5.590%, due on 11/03/23 with a maturity value of $5,027,174; collateralized by various Common Stock with an aggregate market value of $5,556,418. |
5,000,000 | 5,000,000 | ||||||
Societe Generale |
| |||||||
Repurchase Agreement dated 09/29/23 at 5.340%, due on 10/02/23 with a maturity value of $4,001,780; collateralized by U.S. Treasury Obligations with rates ranging from 0.375%5.403%, maturity dates ranging from 01/31/2402/15/37, and an aggregate market value of $4,089,687. |
4,000,000 | 4,000,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $100,045; collateralized by various Common Stock with an aggregate market value of $111,302. |
100,000 | 100,000 | ||||||
|
|
|||||||
41,650,296 | ||||||||
|
|
|||||||
Time Deposit0.2% | ||||||||
National Bank of Canada |
3,000,000 | 3,000,000 | ||||||
Mutual Funds0.8% | ||||||||
BlackRock Liquidity Funds FedFund, Institutional Shares |
1,000,000 | 1,000,000 | ||||||
HSBC U.S. Government Money Market Fund, |
2,000,000 | 2,000,000 | ||||||
RBC U.S. Government Money Market Fund, Institutional Shares 5.270% (e) |
1,000,000 | 1,000,000 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (e) |
1,000,000 | 1,000,000 | ||||||
Western Asset Institutional Government Reserves Fund, Institutional Class 5.250% (e) |
6,602,391 | 6,602,391 | ||||||
|
|
|||||||
11,602,391 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
109,255,852 | |||||||
|
|
|||||||
Total Investments141.7% |
1,999,689,323 | |||||||
Other assets and liabilities (net)(41.7)% |
(588,254,064 | ) | ||||||
|
|
|||||||
Net Assets100.0% |
$ | 1,411,435,259 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |
(a) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |
(b) | TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date. | |
(c) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $193,603,382 and the collateral received consisted of cash in the amount of $109,209,986 and non-cash collateral with a value of $91,054,496. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |
(d) | Principal amount of security is adjusted for inflation. | |
(e) | The rate shown represents the annualized seven-day yield as of September 30, 2023. | |
(f) | The rate shown represents current yield to maturity. | |
(g) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |
(144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $254,362,915, which is 18.0% of net assets. |
BHFTI-342
Table of Contents
Brighthouse Funds Trust I
TCW Core Fixed Income Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Futures Contracts
Futures ContractsLong |
Expiration Date |
Number of Contracts |
Notional Amount |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
U.S. Treasury Note 2 Year Futures |
12/29/23 | 1,834 | USD | 371,771,860 | $ | (1,214,925 | ) | |||||||||||||
U.S. Treasury Note 5 Year Futures |
12/29/23 | 248 | USD | 26,129,125 | (191,348 | ) | ||||||||||||||
U.S. Treasury Note Ultra 10 Year Futures |
12/19/23 | 26 | USD | 2,900,625 | (91,753 | ) | ||||||||||||||
U.S. Treasury Ultra Long Bond Futures |
12/19/23 | 32 | USD | 3,798,000 | (209,806 | ) | ||||||||||||||
|
|
|||||||||||||||||||
Net Unrealized Depreciation |
|
$ | (1,707,832 | ) | ||||||||||||||||
|
|
Swap Agreements
Centrally Cleared Interest Rate Swaps
Pay/Receive Floating Rate |
Floating Rate Index |
Payment Frequency |
Fixed Rate |
Payment Frequency |
Maturity Date |
Notional Amount |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation)(1) |
|||||||||||||||||||||||||||||||
Receive |
12M SOFR | Annually | 3.520 | % | Annually | 12/20/53 | USD | 10,830,000 | $ | 840,907 | $ | | $ | 840,907 | ||||||||||||||||||||||||||
|
|
|
|
|
|
(1) | There were no upfront premiums paid or (received), therefore the market value equals unrealized appreciation/(depreciation). |
Glossary of Abbreviations
Currencies
(USD) | United States Dollar |
Index Abbreviations
(FEDEFF PRV) | Effective Federal Funds Rate | |
(H15) | U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index | |
(LIBOR) | London Interbank Offered Rate | |
(OBFR) | U.S. Overnight Bank Funding Rate | |
(SOFR) | Secured Overnight Financing Rate | |
(SOFR30A) | Secured Overnight Financing Rate 30-Day Average | |
(SOFR90A) | Secured Overnight Financing Rate 90-Day Average | |
(TSFR) | Term Secured Overnight Financing Rate |
Other Abbreviations
(CLO) | Collateralized Loan Obligation | |
(DAC) | Designated Activity Company | |
(REMIC) | Real Estate Mortgage Investment Conduit | |
(STACR) | Structured Agency Credit Risk |
BHFTI-343
Table of Contents
Brighthouse Funds Trust I
TCW Core Fixed Income Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Total U.S. Treasury & Government Agencies* |
$ | | $ | 1,002,063,193 | $ | | $ | 1,002,063,193 | ||||||||
Total Corporate Bonds & Notes* |
| 376,948,728 | | 376,948,728 | ||||||||||||
Total Asset-Backed Securities* |
| 154,721,385 | | 154,721,385 | ||||||||||||
Total Mortgage-Backed Securities* |
| 105,569,276 | | 105,569,276 | ||||||||||||
Total Municipals* |
| 7,774,497 | | 7,774,497 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Mutual Funds |
208,024,222 | | | 208,024,222 | ||||||||||||
U.S. Treasury |
| 35,332,170 | | 35,332,170 | ||||||||||||
Total Short-Term Investments |
208,024,222 | 35,332,170 | | 243,356,392 | ||||||||||||
Securities Lending Reinvestments | ||||||||||||||||
Certificates of Deposit |
| 38,999,645 | | 38,999,645 | ||||||||||||
Commercial Paper |
| 14,003,520 | | 14,003,520 | ||||||||||||
Repurchase Agreements |
| 41,650,296 | | 41,650,296 | ||||||||||||
Time Deposit |
| 3,000,000 | | 3,000,000 | ||||||||||||
Mutual Funds |
11,602,391 | | | 11,602,391 | ||||||||||||
Total Securities Lending Reinvestments |
11,602,391 | 97,653,461 | | 109,255,852 | ||||||||||||
Total Investments |
$ | 219,626,613 | $ | 1,780,062,710 | $ | | $ | 1,999,689,323 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $(109,209,986 | ) | $ | | $ | (109,209,986 | ) | |||||||
Futures Contracts |
||||||||||||||||
Futures Contracts (Unrealized Depreciation) |
$ | (1,707,832 | ) | $ | | $ | | $ | (1,707,832 | ) | ||||||
Centrally Cleared Swap Contracts |
||||||||||||||||
Centrally Cleared Swap Contracts (Unrealized Appreciation) |
$ | | $ | 840,907 | $ | | $ | 840,907 |
* | See Schedule of Investments for additional detailed categorizations. |
BHFTI-344
Table of Contents
Brighthouse Funds Trust I
Victory Sycamore Mid Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks98.4% of Net Assets
Security Description | Shares | Value | ||||||
Aerospace & Defense2.1% | ||||||||
Textron, Inc. |
236,700 | $ | 18,495,738 | |||||
|
|
|||||||
Automobile Components2.9% | ||||||||
Aptiv PLC (a) |
130,000 | 12,816,700 | ||||||
BorgWarner, Inc. |
330,000 | 13,322,100 | ||||||
|
|
|||||||
26,138,800 | ||||||||
|
|
|||||||
Banks1.9% | ||||||||
Huntington Bancshares, Inc. (b) |
580,200 | 6,034,080 | ||||||
Prosperity Bancshares, Inc. (b) |
203,100 | 11,085,198 | ||||||
|
|
|||||||
17,119,278 | ||||||||
|
|
|||||||
Building Products1.7% | ||||||||
Carrier Global Corp. |
164,600 | 9,085,920 | ||||||
Owens Corning |
41,800 | 5,701,938 | ||||||
|
|
|||||||
14,787,858 | ||||||||
|
|
|||||||
Capital Markets2.8% | ||||||||
Bank of New York Mellon Corp. |
308,300 | 13,148,995 | ||||||
T. Rowe Price Group, Inc. |
109,500 | 11,483,265 | ||||||
|
|
|||||||
24,632,260 | ||||||||
|
|
|||||||
Chemicals2.9% | ||||||||
RPM International, Inc. |
121,400 | 11,509,934 | ||||||
Westlake Corp. (b) |
116,800 | 14,561,456 | ||||||
|
|
|||||||
26,071,390 | ||||||||
|
|
|||||||
Commercial Services & Supplies1.4% | ||||||||
Republic Services, Inc. |
86,600 | 12,341,366 | ||||||
|
|
|||||||
Communications Equipment1.0% | ||||||||
Motorola Solutions, Inc. |
32,800 | 8,929,472 | ||||||
|
|
|||||||
Consumer Staples Distribution & Retail3.0% | ||||||||
BJs Wholesale Club Holdings, Inc. (a) (b) |
158,500 | 11,312,145 | ||||||
Sysco Corp. |
173,400 | 11,453,070 | ||||||
U.S. Foods Holding Corp. (a) |
110,200 | 4,374,940 | ||||||
|
|
|||||||
27,140,155 | ||||||||
|
|
|||||||
Containers & Packaging6.3% | ||||||||
AptarGroup, Inc. |
72,700 | 9,090,408 | ||||||
Avery Dennison Corp. (b) |
82,000 | 14,978,940 | ||||||
Crown Holdings, Inc. |
178,100 | 15,758,288 | ||||||
Packaging Corp. of America (b) |
103,500 | 15,892,425 | ||||||
|
|
|||||||
55,720,061 | ||||||||
|
|
|||||||
Electric Utilities3.3% | ||||||||
Alliant Energy Corp. |
310,000 | 15,019,500 | ||||||
Xcel Energy, Inc. |
251,400 | 14,385,108 | ||||||
|
|
|||||||
29,404,608 | ||||||||
|
|
|||||||
Electrical Equipment0.7% | ||||||||
Hubbell, Inc. |
18,900 | 5,923,449 | ||||||
|
|
|||||||
Electronic Equipment, Instruments & Components3.2% | ||||||||
Amphenol Corp. - Class A |
165,100 | 13,866,749 | ||||||
Flex Ltd. (a) |
528,700 | 14,264,326 | ||||||
|
|
|||||||
28,131,075 | ||||||||
|
|
|||||||
Entertainment0.9% | ||||||||
Live Nation Entertainment, Inc. (a) |
93,700 | 7,780,848 | ||||||
|
|
|||||||
Financial Services1.6% | ||||||||
Global Payments, Inc. |
126,000 | 14,539,140 | ||||||
|
|
|||||||
Food Products1.0% | ||||||||
Tyson Foods, Inc. - Class A |
177,900 | 8,982,171 | ||||||
|
|
|||||||
Ground Transportation2.4% | ||||||||
J.B. Hunt Transport Services, Inc. |
76,900 | 14,497,188 | ||||||
Landstar System, Inc. (b) |
41,300 | 7,307,622 | ||||||
|
|
|||||||
21,804,810 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies3.8% | ||||||||
Cooper Cos., Inc. |
31,500 | 10,017,315 | ||||||
Hologic, Inc. (a) |
173,000 | 12,006,200 | ||||||
Zimmer Biomet Holdings, Inc. |
109,000 | 12,231,980 | ||||||
|
|
|||||||
34,255,495 | ||||||||
|
|
|||||||
Health Care Providers & Services2.2% | ||||||||
Molina Healthcare, Inc. (a) (b) |
14,700 | 4,819,983 | ||||||
Quest Diagnostics, Inc. |
120,200 | 14,647,572 | ||||||
|
|
|||||||
19,467,555 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure4.0% | ||||||||
Darden Restaurants, Inc. (b) |
78,500 | 11,242,770 | ||||||
Hilton Worldwide Holdings, Inc. |
64,400 | 9,671,592 | ||||||
Yum! Brands, Inc. |
121,200 | 15,142,728 | ||||||
|
|
|||||||
36,057,090 | ||||||||
|
|
|||||||
Insurance8.2% | ||||||||
American Financial Group, Inc. |
128,800 | 14,383,096 | ||||||
Everest Group Ltd. (b) |
25,500 | 9,477,585 | ||||||
Hartford Financial Services Group, Inc. |
175,500 | 12,444,705 | ||||||
Old Republic International Corp. |
565,000 | 15,221,100 | ||||||
Progressive Corp. |
64,300 | 8,956,990 | ||||||
W.R. Berkley Corp. |
204,900 | 13,009,101 | ||||||
|
|
|||||||
73,492,577 | ||||||||
|
|
|||||||
Life Sciences Tools & Services1.6% | ||||||||
Agilent Technologies, Inc. |
79,500 | 8,889,690 | ||||||
ICON PLC (ADR) (a) |
22,400 | 5,516,000 | ||||||
|
|
|||||||
14,405,690 | ||||||||
|
|
|||||||
Machinery6.2% | ||||||||
AGCO Corp. |
104,800 | 12,395,744 | ||||||
Lincoln Electric Holdings, Inc. (b) |
33,400 | 6,071,786 | ||||||
Middleby Corp. (a) (b) |
103,000 | 13,184,000 | ||||||
Parker-Hannifin Corp. |
15,300 | 5,959,656 |
BHFTI-345
Table of Contents
Brighthouse Funds Trust I
Victory Sycamore Mid Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Common Stocks(Continued)
Security Description | Shares |
Value | ||||||
Machinery(Continued) | ||||||||
Toro Co. (b) |
115,800 | $ | 9,622,980 | |||||
Xylem, Inc. |
90,300 | 8,220,009 | ||||||
|
|
|||||||
55,454,175 | ||||||||
|
|
|||||||
Metals & Mining2.1% | ||||||||
Franco-Nevada Corp. |
103,500 | 13,816,215 | ||||||
Reliance Steel & Aluminum Co. |
19,200 | 5,034,816 | ||||||
|
|
|||||||
18,851,031 | ||||||||
|
|
|||||||
Office REITs1.5% | ||||||||
Alexandria Real Estate Equities, Inc. (b) |
131,500 | 13,163,150 | ||||||
|
|
|||||||
Oil, Gas & Consumable Fuels4.5% | ||||||||
Coterra Energy, Inc. |
588,100 | 15,908,105 | ||||||
Devon Energy Corp. |
267,500 | 12,759,750 | ||||||
Hess Corp. |
74,400 | 11,383,200 | ||||||
|
|
|||||||
40,051,055 | ||||||||
|
|
|||||||
Passenger Airlines1.2% | ||||||||
Alaska Air Group, Inc. (a) (b) |
291,000 | 10,790,280 | ||||||
|
|
|||||||
Professional Services7.5% | ||||||||
FTI Consulting, Inc. (a) (b) |
68,200 | 12,167,562 | ||||||
Genpact Ltd. |
339,500 | 12,289,900 | ||||||
Leidos Holdings, Inc. |
161,500 | 14,883,840 | ||||||
ManpowerGroup, Inc. |
124,800 | 9,150,336 | ||||||
Maximus, Inc. (b) |
155,000 | 11,575,400 | ||||||
TransUnion |
95,800 | 6,877,482 | ||||||
|
|
|||||||
66,944,520 | ||||||||
|
|
|||||||
Residential REITs2.8% | ||||||||
Camden Property Trust |
128,600 | 12,162,988 | ||||||
Equity LifeStyle Properties, Inc. (b) |
197,600 | 12,589,096 | ||||||
|
|
|||||||
24,752,084 | ||||||||
|
|
|||||||
Retail REITs1.5% | ||||||||
NNN REIT, Inc. |
387,600 | 13,697,784 | ||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment3.0% | ||||||||
MKS Instruments, Inc. (b) |
148,200 | 12,825,228 | ||||||
Skyworks Solutions, Inc. (b) |
140,800 | 13,881,472 | ||||||
|
|
|||||||
26,706,700 | ||||||||
|
|
|||||||
Specialized REITs1.5% | ||||||||
Lamar Advertising Co. - Class A (b) |
160,800 | 13,421,976 | ||||||
|
|
|||||||
Specialty Retail2.9% | ||||||||
Dicks Sporting Goods, Inc. (b) |
83,500 | 9,066,430 | ||||||
Ross Stores, Inc. |
146,000 | 16,490,700 | ||||||
|
|
|||||||
25,557,130 | ||||||||
|
|
|||||||
Technology Hardware, Storage & Peripherals2.7% | ||||||||
Hewlett Packard Enterprise Co. |
568,000 | 9,866,160 | ||||||
Western Digital Corp. (a) |
306,400 | 13,981,032 | ||||||
|
|
|||||||
23,847,192 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods2.1% | ||||||||
Ralph Lauren Corp. (b) |
99,300 | 11,527,737 | ||||||
Tapestry, Inc. |
255,400 | 7,342,750 | ||||||
|
|
|||||||
18,870,487 | ||||||||
|
|
|||||||
Total Common Stocks |
877,728,450 | |||||||
|
|
|||||||
Short-Term Investment1.0% |
| |||||||
Repurchase Agreement1.0% | ||||||||
Fixed Income Clearing Corp. |
8,422,293 | 8,422,293 | ||||||
|
|
|||||||
Total Short-Term Investments |
8,422,293 | |||||||
|
|
|||||||
Securities Lending Reinvestments (c)10.7% |
| |||||||
Certificates of Deposit5.1% | ||||||||
Bank of America N.A. |
1,000,000 | 1,000,135 | ||||||
Bank of Montreal |
3,000,000 | 3,001,929 | ||||||
Bank of Nova Scotia |
2,000,000 | 2,000,150 | ||||||
Barclays Bank PLC |
3,000,000 | 3,000,216 | ||||||
BNP Paribas SA |
3,000,000 | 2,999,856 | ||||||
Canadian Imperial Bank of Commerce (NY) |
2,000,000 | 2,000,972 | ||||||
5.710%, SOFR + 0.400%, 10/13/23 (d) |
3,000,000 | 3,000,294 | ||||||
Citibank N.A. |
2,000,000 | 2,000,150 | ||||||
Credit Industriel et Commercial |
3,000,000 | 2,999,736 | ||||||
Mitsubishi UFJ Trust and Banking Corp. |
||||||||
Zero Coupon, 10/19/23 |
1,000,000 | 997,050 | ||||||
Zero Coupon, 10/20/23 |
1,000,000 | 996,900 | ||||||
Mizuho Bank Ltd. |
4,000,000 | 4,000,196 | ||||||
Nordea Bank Abp |
2,000,000 | 2,000,304 | ||||||
Oversea-Chinese Banking Corp. Ltd. |
3,000,000 | 3,000,438 | ||||||
Standard Chartered Bank |
2,000,000 | 2,000,000 | ||||||
Svenska Handelsbanken AB |
2,000,000 | 2,000,210 |
BHFTI-346
Table of Contents
Brighthouse Funds Trust I
Victory Sycamore Mid Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (c)(Continued)
Security Description | Principal Amount* |
Value | ||||||
Certificates of Deposit(Continued) | ||||||||
Toronto-Dominion Bank |
1,000,000 | $ | 1,000,580 | |||||
5.780%, FEDEFF PRV + 0.450%, 10/13/23 (d) |
4,000,000 | 4,000,380 | ||||||
Wells Fargo Bank N.A. |
3,000,000 | 3,001,080 | ||||||
|
|
|||||||
45,000,576 | ||||||||
|
|
|||||||
Commercial Paper1.1% | ||||||||
Old Line Funding LLC |
1,000,000 | 999,999 | ||||||
Skandinaviska Enskilda Banken AB |
2,000,000 | 2,000,540 | ||||||
5.700%, SOFR + 0.380%, 12/15/23 (d) |
4,000,000 | 4,001,600 | ||||||
UBS AG |
3,000,000 | 3,000,000 | ||||||
|
|
|||||||
10,002,139 | ||||||||
|
|
|||||||
Repurchase Agreements4.2% | ||||||||
Citigroup Global Markets, Inc. |
2,300,000 | 2,300,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $3,016,392; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $3,060,219. |
3,000,000 | 3,000,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $4,120,661; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $4,251,885. |
4,000,000 | 4,000,000 | ||||||
ING Financial Markets LLC |
11,434,666 | 11,434,666 | ||||||
National Bank of Canada |
2,000,000 | 2,000,000 | ||||||
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $12,012,717; collateralized by various Common Stock with an aggregate market value of $13,391,848. |
12,000,000 | 12,000,000 | ||||||
Repurchase Agreements(Continued) | ||||||||
Royal Bank of Canada Toronto |
3,000,000 | 3,000,000 | ||||||
|
|
|||||||
37,734,666 | ||||||||
|
|
|||||||
Time Deposit0.3% | ||||||||
National Bank of Canada |
3,000,000 | 3,000,000 | ||||||
|
|
|||||||
Total Securities Lending Reinvestments |
95,737,381 | |||||||
|
|
|||||||
Total Investments110.1% |
981,888,124 | |||||||
Other assets and liabilities (net)(10.1)% |
(89,781,702 | ) | ||||||
|
|
|||||||
Net Assets100.0% | $ | 892,106,422 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |||
(a) | Non-income producing security. | |||
(b) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $107,768,647 and the collateral received consisted of cash in the amount of $95,710,928 and non-cash collateral with a value of $14,276,066. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
(c) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |||
(d) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. |
Glossary of Abbreviations
Index Abbreviations
(FEDEFF PRV) | Effective Federal Funds Rate | |||
(OBFR) | U.S. Overnight Bank Funding Rate | |||
(SOFR) | Secured Overnight Financing Rate |
Other Abbreviations
(ADR) | American Depositary Receipt | |||
(REIT) | Real Estate Investment Trust |
BHFTI-347
Table of Contents
Brighthouse Funds Trust I
Victory Sycamore Mid Cap Value Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Total Common Stocks* |
$ | 877,728,450 | $ | | $ | | $ | 877,728,450 | ||||||||
Total Short-Term Investment* |
| 8,422,293 | | 8,422,293 | ||||||||||||
Total Securities Lending Reinvestments* |
| 95,737,381 | | 95,737,381 | ||||||||||||
Total Investments |
$ | 877,728,450 | $ | 104,159,674 | $ | | $ | 981,888,124 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (95,710,928 | ) | $ | | $ | (95,710,928 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
BHFTI-348
Table of Contents
Brighthouse Funds Trust I
Western Asset Management Government Income Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies89.1% of Net Assets
Security Description | Principal Amount* |
Value | ||||||
Agency Sponsored Mortgage - Backed34.0% | ||||||||
Federal Home Loan Mortgage Corp. |
1,733,842 | $ | 1,338,137 | |||||
1.500%, 07/01/41 |
1,265,456 | 976,630 | ||||||
2.000%, 01/01/42 |
2,144,834 | 1,713,223 | ||||||
2.000%, 11/01/50 |
149,707 | 114,563 | ||||||
2.000%, 03/01/51 |
87,860 | 67,766 | ||||||
2.000%, 09/01/51 |
172,778 | 133,147 | ||||||
2.000%, 11/01/51 |
260,200 | 200,863 | ||||||
2.500%, 06/01/50 |
182,061 | 146,167 | ||||||
2.500%, 07/01/50 |
597,729 | 482,443 | ||||||
2.500%, 11/01/50 |
2,081,094 | 1,679,048 | ||||||
2.500%, 12/01/50 |
290,003 | 233,961 | ||||||
2.500%, 02/01/51 |
285,995 | 227,410 | ||||||
2.500%, 07/01/51 |
286,873 | 221,084 | ||||||
2.500%, 09/01/51 |
3,573,894 | 2,848,864 | ||||||
2.500%, 11/01/51 |
1,811,561 | 1,457,164 | ||||||
2.500%, 01/01/52 |
2,388,537 | 1,910,332 | ||||||
2.500%, 03/01/52 |
538,351 | 432,426 | ||||||
2.500%, 04/01/52 |
3,064,617 | 2,464,906 | ||||||
3.000%, 06/01/31 |
234,346 | 218,211 | ||||||
3.000%, 02/01/32 |
5,442 | 5,039 | ||||||
3.000%, 03/01/33 |
747,100 | 691,699 | ||||||
3.000%, 09/01/33 |
65,711 | 60,269 | ||||||
3.000%, 11/01/33 |
782,463 | 704,169 | ||||||
3.000%, 03/01/34 |
59,288 | 54,375 | ||||||
3.000%, 11/01/42 |
79,899 | 68,409 | ||||||
3.000%, 01/01/43 |
98,207 | 84,071 | ||||||
3.000%, 02/01/43 |
466,085 | 399,015 | ||||||
3.000%, 03/01/43 |
4,897,173 | 4,192,307 | ||||||
3.000%, 06/01/43 |
1,138,925 | 974,960 | ||||||
3.000%, 09/01/48 |
385,476 | 324,592 | ||||||
3.000%, 09/01/49 |
1,532,534 | 1,292,671 | ||||||
3.000%, 11/01/49 |
461,739 | 387,946 | ||||||
3.000%, 03/01/50 |
214,848 | 180,414 | ||||||
3.000%, 05/01/50 |
117,679 | 99,002 | ||||||
3.000%, 02/01/51 |
248,562 | 207,571 | ||||||
3.000%, 04/01/52 |
758,761 | 631,318 | ||||||
3.500%, 03/01/32 |
353,767 | 326,547 | ||||||
3.500%, 06/01/32 |
961,599 | 886,336 | ||||||
3.500%, 07/01/32 |
328,472 | 303,185 | ||||||
3.500%, 04/01/33 |
135,195 | 127,055 | ||||||
3.500%, 02/01/34 |
1,507,811 | 1,389,257 | ||||||
3.500%, 04/01/40 |
58,988 | 52,430 | ||||||
3.500%, 05/01/40 |
123,424 | 109,703 | ||||||
3.500%, 06/01/40 |
133,176 | 118,372 | ||||||
3.500%, 07/01/40 |
16,760 | 14,896 | ||||||
3.500%, 08/01/40 |
77,795 | 69,146 | ||||||
3.500%, 09/01/40 |
52,859 | 46,982 | ||||||
3.500%, 10/01/40 |
29,402 | 26,128 | ||||||
3.500%, 11/01/40 |
59,743 | 53,026 | ||||||
3.500%, 12/01/40 |
49,500 | 43,934 | ||||||
3.500%, 04/01/42 |
277,770 | 246,874 | ||||||
3.500%, 07/01/42 |
41,096 | 36,529 | ||||||
3.500%, 08/01/42 |
25,667 | 22,783 | ||||||
3.500%, 09/01/42 |
109,685 | 97,177 | ||||||
Agency Sponsored Mortgage - Backed(Continued) | ||||||||
Federal Home Loan Mortgage Corp. |
667,455 | 592,751 | ||||||
3.500%, 01/01/43 |
223,550 | 198,508 | ||||||
3.500%, 02/01/43 |
114,209 | 101,487 | ||||||
3.500%, 04/01/43 |
348,510 | 309,355 | ||||||
3.500%, 05/01/43 |
163,374 | 144,912 | ||||||
3.500%, 11/01/44 |
175,309 | 154,298 | ||||||
3.500%, 02/01/45 |
3,935 | 3,494 | ||||||
3.500%, 06/01/45 |
7,560 | 6,660 | ||||||
3.500%, 11/01/45 |
1,656,707 | 1,457,797 | ||||||
3.500%, 01/01/46 |
145,981 | 128,061 | ||||||
3.500%, 02/01/46 |
461,480 | 405,073 | ||||||
3.500%, 05/01/46 |
536,953 | 472,650 | ||||||
3.500%, 06/01/46 |
83,665 | 73,360 | ||||||
3.500%, 07/01/46 |
714,021 | 626,173 | ||||||
3.500%, 08/01/46 |
61,709 | 54,764 | ||||||
3.500%, 09/01/46 |
350,686 | 308,399 | ||||||
3.500%, 01/01/47 |
987,932 | 867,857 | ||||||
3.500%, 02/01/47 |
1,004,019 | 880,148 | ||||||
3.500%, 07/01/47 |
227,525 | 199,932 | ||||||
3.500%, 11/01/47 |
14,464 | 12,739 | ||||||
3.500%, 12/01/47 |
212,922 | 186,652 | ||||||
3.500%, 02/01/48 |
65,933 | 57,716 | ||||||
3.500%, 04/01/48 |
228,025 | 199,608 | ||||||
3.500%, 04/01/52 |
1,270,852 | 1,103,124 | ||||||
3.500%, 05/01/52 |
374,215 | 324,559 | ||||||
4.000%, 06/01/33 |
397,815 | 369,850 | ||||||
4.000%, 1Y RFUCCT + 1.750%, 12/01/40 (a) |
218,901 | 220,628 | ||||||
4.000%, 11/01/41 |
2,757 | 2,528 | ||||||
4.000%, 09/01/42 |
1,223,989 | 1,122,237 | ||||||
4.000%, 10/01/42 |
13,990 | 12,843 | ||||||
4.000%, 11/01/42 |
171,415 | 157,217 | ||||||
4.000%, 12/01/42 |
58,169 | 53,351 | ||||||
4.000%, 01/01/43 |
10,337 | 9,458 | ||||||
4.000%, 02/01/43 |
93,775 | 86,005 | ||||||
4.000%, 03/01/43 |
36,177 | 33,120 | ||||||
4.000%, 04/01/43 |
11,327 | 10,390 | ||||||
4.000%, 05/01/43 |
123,808 | 113,447 | ||||||
4.000%, 06/01/43 |
18,835 | 17,106 | ||||||
4.000%, 07/01/43 |
146,332 | 134,066 | ||||||
4.000%, 08/01/43 |
101,254 | 92,564 | ||||||
4.000%, 09/01/43 |
185,737 | 170,288 | ||||||
4.000%, 10/01/43 |
190,424 | 174,433 | ||||||
4.000%, 01/01/44 |
133,048 | 121,775 | ||||||
4.000%, 02/01/44 |
23,439 | 21,416 | ||||||
4.000%, 04/01/44 |
11,907 | 10,891 | ||||||
4.000%, 07/01/44 |
282,568 | 259,093 | ||||||
4.000%, 01/01/45 |
165,260 | 151,103 | ||||||
4.000%, 02/01/45 |
191,958 | 175,595 | ||||||
4.000%, 05/01/45 |
310,291 | 284,511 | ||||||
4.000%, 12/01/45 |
202,968 | 185,263 | ||||||
4.000%, 12/01/47 |
418,803 | 380,350 | ||||||
4.000%, 05/01/48 |
207,046 | 188,079 | ||||||
4.000%, 07/01/49 |
425,846 | 386,177 | ||||||
4.000%, 05/01/52 |
614,666 | 549,531 |
BHFTI-349
Table of Contents
Brighthouse Funds Trust I
Western Asset Management Government Income Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies(Continued)
Security Description | Principal Amount* |
Value | ||||||
Agency Sponsored Mortgage - Backed(Continued) | ||||||||
Federal Home Loan Mortgage Corp. | ||||||||
4.000%, 06/01/52 |
1,232,461 | $ | 1,098,767 | |||||
4.000%, 07/01/52 |
191,961 | 171,038 | ||||||
4.130%, 1Y RFUCCT + 1.880%, 10/01/41 (a) |
89,773 | 88,870 | ||||||
4.500%, 05/01/39 |
39,701 | 37,557 | ||||||
4.500%, 07/01/40 |
610,427 | 576,642 | ||||||
4.500%, 09/01/40 |
314,348 | 297,367 | ||||||
4.500%, 02/01/41 |
30,804 | 29,140 | ||||||
4.500%, 08/01/41 |
239,533 | 226,581 | ||||||
4.500%, 09/01/41 |
40,492 | 38,304 | ||||||
4.500%, 10/01/41 |
79,962 | 75,640 | ||||||
4.500%, 02/01/44 |
11,195 | 10,476 | ||||||
4.500%, 06/01/52 |
1,999,595 | 1,843,132 | ||||||
4.500%, 07/01/52 |
1,151,548 | 1,058,679 | ||||||
4.500%, 08/01/52 |
663,766 | 610,248 | ||||||
4.991%, 1Y RFUCCT + 1.750%, 09/01/41 (a) |
97,486 | 98,507 | ||||||
5.000%, 01/01/35 |
75,219 | 73,814 | ||||||
5.000%, 05/01/35 |
33,413 | 32,785 | ||||||
5.000%, 07/01/35 |
431,364 | 423,257 | ||||||
5.000%, 11/01/35 |
547,851 | 537,538 | ||||||
5.000%, 06/01/41 |
733,385 | 715,465 | ||||||
5.000%, 07/01/41 |
90,881 | 87,434 | ||||||
5.000%, 06/01/52 |
91,472 | 86,337 | ||||||
5.000%, 07/01/52 |
827,956 | 782,848 | ||||||
5.212%, 1Y RFUCCT + 1.910%, 05/01/41 (a) |
17,245 | 17,440 | ||||||
5.255%, 1Y RFUCCT + 1.880%, 04/01/41 (a) |
2,347 | 2,287 | ||||||
5.500%, 03/01/34 |
493,230 | 491,387 | ||||||
5.500%, 07/01/35 |
319,071 | 317,880 | ||||||
5.568%, 1Y RFUCCT + 1.910%, 05/01/41 (a) |
19,214 | 19,497 | ||||||
5.671%, 1Y RFUCCT + 1.912%, 10/01/42 (a) |
36,081 | 36,200 | ||||||
5.675%, 1Y RFUCCT + 1.880%, 09/01/41 (a) |
9,325 | 9,318 | ||||||
5.698%, 1Y RFUCCT + 1.910%, 06/01/41 (a) |
18,513 | 18,809 | ||||||
6.000%, 01/01/24 |
864 | 865 | ||||||
6.160%, 1Y RFUCCT + 1.910%, 06/01/41 (a) |
6,116 | 6,061 | ||||||
6.500%, 02/01/53 |
1,380,111 | 1,390,149 | ||||||
Federal Home Loan Mortgage Corp. Multifamily Structured |
| |||||||
3.750%, 11/25/29 |
156,868 | 148,457 | ||||||
3.750%, 11/25/32 |
1,000,000 | 916,268 | ||||||
3.990%, 05/25/33 (a) |
3,650,000 | 3,390,281 | ||||||
Federal Home Loan Mortgage Corp. REMICS |
||||||||
1.750%, 06/15/42 |
69,726 | 62,822 | ||||||
3.500%, 11/15/31 |
602,734 | 570,406 | ||||||
4.000%, 01/15/41 |
4,389,449 | 4,058,974 | ||||||
4.500%, 02/15/41 |
8,749 | 8,303 | ||||||
5.000%, 10/15/34 |
125,564 | 122,849 | ||||||
5.000%, 12/15/37 |
48,291 | 46,282 | ||||||
5.000%, 03/15/41 |
224,561 | 218,664 | ||||||
5.000%, 04/15/41 |
794,788 | 774,933 | ||||||
5.000%, 05/15/41 |
1,089,868 | 1,062,021 | ||||||
5.500%, 05/15/34 |
736,303 | 719,341 | ||||||
5.500%, 11/15/36 |
282,478 | 275,278 | ||||||
5.500%, 06/15/41 |
1,685,124 | 1,681,617 | ||||||
5.828%, SOFR30A + 0.514%, 03/15/34 (a) |
127,567 | 126,303 | ||||||
6.328%, SOFR30A + 1.014%, 02/15/33 (a) |
66,288 | 66,770 | ||||||
Federal National Mortgage Association | ||||||||
2.000%, 11/01/41 |
2,140,444 | 1,711,411 | ||||||
2.000%, 08/01/50 |
228,789 | 175,881 | ||||||
2.000%, 10/01/50 |
220,301 | 168,856 | ||||||
2.000%, 01/01/51 |
162,009 | 124,206 | ||||||
2.000%, 02/01/51 |
538,271 | 411,817 | ||||||
2.000%, 03/01/51 |
81,235 | 62,672 | ||||||
2.000%, 04/01/51 |
3,027,099 | 2,307,711 | ||||||
2.000%, 08/01/51 |
1,562,766 | 1,194,968 | ||||||
2.000%, 10/01/51 |
96,439 | 74,409 | ||||||
2.000%, 01/01/52 |
630,749 | 483,713 | ||||||
2.000%, 02/01/52 |
984,767 | 757,742 | ||||||
2.000%, 03/01/52 |
1,709,570 | 1,324,226 | ||||||
2.500%, 04/01/42 |
4,876,401 | 4,007,071 | ||||||
2.500%, 06/01/50 |
617,346 | 496,832 | ||||||
2.500%, 09/01/50 |
442,625 | 355,217 | ||||||
2.500%, 10/01/50 |
3,064,690 | 2,458,259 | ||||||
2.500%, 11/01/50 |
513,628 | 413,701 | ||||||
2.500%, 01/01/51 |
463,812 | 373,854 | ||||||
2.500%, 02/01/51 |
149,527 | 120,011 | ||||||
2.500%, 03/01/51 |
262,532 | 209,241 | ||||||
2.500%, 04/01/51 |
235,763 | 190,065 | ||||||
2.500%, 05/01/51 |
871,681 | 687,056 | ||||||
2.500%, 06/01/51 |
156,269 | 125,732 | ||||||
2.500%, 07/01/51 |
82,691 | 66,909 | ||||||
2.500%, 08/01/51 |
243,544 | 194,147 | ||||||
2.500%, 09/01/51 |
426,848 | 343,216 | ||||||
2.500%, 10/01/51 |
3,427,351 | 2,730,022 | ||||||
2.500%, 11/01/51 |
681,932 | 550,700 | ||||||
2.500%, 12/01/51 |
4,763,453 | 3,822,474 | ||||||
2.500%, 01/01/52 |
275,881 | 212,694 | ||||||
2.500%, 02/01/52 |
1,075,652 | 862,826 | ||||||
2.500%, 03/01/52 |
615,221 | 493,622 | ||||||
2.500%, 04/01/52 |
357,977 | 287,235 | ||||||
2.500%, 09/01/61 |
535,653 | 412,087 | ||||||
3.000%, 08/01/27 |
25,382 | 23,732 | ||||||
3.000%, 10/01/27 |
38,891 | 36,363 | ||||||
3.000%, 11/01/27 |
12,418 | 11,605 | ||||||
3.000%, 12/01/27 |
22,901 | 21,401 | ||||||
3.000%, 01/01/28 |
22,169 | 20,700 | ||||||
3.000%, 02/01/28 |
17,884 | 16,699 | ||||||
3.000%, 03/01/28 |
22,158 | 20,699 | ||||||
3.000%, 04/01/28 |
18,686 | 17,438 | ||||||
3.000%, 05/01/28 |
23,787 | 22,192 | ||||||
3.000%, 06/01/28 |
21,629 | 20,167 | ||||||
3.000%, 07/01/28 |
23,316 | 21,746 | ||||||
3.000%, 08/01/28 |
25,293 | 23,583 | ||||||
3.000%, 09/01/28 |
27,534 | 25,665 | ||||||
3.000%, 01/01/29 |
19,300 | 17,972 | ||||||
3.000%, 03/01/29 |
34,125 | 31,764 | ||||||
3.000%, 06/01/32 |
44,344 | 41,004 | ||||||
3.000%, 10/01/32 |
4,654 | 4,303 | ||||||
3.000%, 02/01/33 |
1,684,788 | 1,558,741 | ||||||
3.000%, 03/01/33 |
224,415 | 207,494 |
BHFTI-350
Table of Contents
Brighthouse Funds Trust I
Western Asset Management Government Income Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies(Continued)
Security Description | Principal Amount* |
Value | ||||||
Agency Sponsored Mortgage - Backed(Continued) | ||||||||
Federal National Mortgage Association | ||||||||
3.000%, 04/01/33 |
175,178 | $ | 161,980 | |||||
3.000%, 05/01/33 |
81,491 | 74,630 | ||||||
3.000%, 06/01/33 |
35,410 | 32,428 | ||||||
3.000%, 07/01/33 |
176,151 | 161,323 | ||||||
3.000%, 08/01/33 |
741,174 | 678,829 | ||||||
3.000%, 10/01/33 |
177,110 | 162,204 | ||||||
3.000%, 11/01/33 |
109,998 | 100,756 | ||||||
3.000%, 12/01/33 |
58,735 | 53,797 | ||||||
3.000%, 01/01/34 |
55,208 | 50,562 | ||||||
3.000%, 02/01/34 |
90,130 | 82,560 | ||||||
3.000%, 03/01/34 |
231,469 | 211,989 | ||||||
3.000%, 05/01/34 |
112,755 | 102,725 | ||||||
3.000%, 05/01/42 |
6,071,763 | 5,160,060 | ||||||
3.000%, 09/01/42 |
900,373 | 769,710 | ||||||
3.000%, 10/01/42 |
538,348 | 460,232 | ||||||
3.000%, 11/01/42 |
1,268,776 | 1,084,610 | ||||||
3.000%, 06/01/43 |
125,954 | 107,667 | ||||||
3.000%, 07/01/43 |
277,769 | 237,671 | ||||||
3.000%, 10/01/43 |
272,828 | 233,537 | ||||||
3.000%, 01/01/45 |
250,335 | 214,038 | ||||||
3.000%, 08/01/46 |
128,353 | 108,524 | ||||||
3.000%, 09/01/46 |
380,844 | 322,006 | ||||||
3.000%, 10/01/46 |
161,851 | 136,642 | ||||||
3.000%, 11/01/48 |
663,631 | 563,799 | ||||||
3.000%, 09/01/49 |
549,130 | 460,164 | ||||||
3.000%, 11/01/49 |
129,413 | 108,087 | ||||||
3.000%, 02/01/50 |
574,765 | 482,835 | ||||||
3.000%, 03/01/50 |
512,934 | 428,357 | ||||||
3.000%, 04/01/50 |
808,953 | 677,609 | ||||||
3.000%, 08/01/50 |
278,870 | 233,318 | ||||||
3.000%, 11/01/50 |
430,413 | 362,673 | ||||||
3.000%, 05/01/51 |
162,123 | 135,635 | ||||||
3.000%, 06/01/51 |
454,753 | 382,334 | ||||||
3.000%, 09/01/51 |
556,450 | 462,831 | ||||||
3.000%, 10/01/51 |
1,400,431 | 1,167,135 | ||||||
3.000%, 11/01/51 |
1,522,396 | 1,276,152 | ||||||
3.000%, 12/01/51 |
80,231 | 67,168 | ||||||
3.000%, 01/01/52 |
599,646 | 505,240 | ||||||
3.000%, 03/01/52 |
87,539 | 73,936 | ||||||
3.000%, 04/01/52 |
455,790 | 377,359 | ||||||
3.500%, 07/01/32 |
971,952 | 895,883 | ||||||
3.500%, 09/01/32 |
898,520 | 827,809 | ||||||
3.500%, 01/01/34 |
672,726 | 619,528 | ||||||
3.500%, 11/01/42 |
1,250,822 | 1,106,250 | ||||||
3.500%, 11/01/46 |
195,242 | 173,324 | ||||||
3.500%, 07/01/47 |
908,694 | 797,171 | ||||||
3.500%, 12/01/47 |
2,304,693 | 2,023,097 | ||||||
3.500%, 11/01/48 |
97,156 | 85,252 | ||||||
3.500%, 06/01/49 |
266,185 | 233,043 | ||||||
3.500%, 08/01/50 |
62,021 | 54,317 | ||||||
3.500%, 05/01/51 |
188,247 | 162,871 | ||||||
3.500%, 07/01/51 |
1,294,126 | 1,128,000 | ||||||
3.500%, 12/01/51 |
173,883 | 150,423 | ||||||
3.500%, 01/01/52 |
349,687 | 304,296 | ||||||
3.500%, 03/01/52 |
537,023 | 467,388 | ||||||
3.500%, 04/01/52 |
1,342,968 | 1,161,904 | ||||||
3.500%, 05/01/52 |
1,735,464 | 1,507,552 | ||||||
3.500%, 10/01/56 |
1,142,596 | 985,951 | ||||||
Federal National Mortgage Association | ||||||||
4.000%, 11/01/31 |
388,763 | 360,922 | ||||||
4.000%, 08/01/32 |
320,707 | 297,726 | ||||||
4.000%, 10/01/39 |
42,620 | 39,028 | ||||||
4.000%, 11/01/40 |
1,091,023 | 998,973 | ||||||
4.000%, 01/01/42 |
127,608 | 116,839 | ||||||
4.000%, 04/01/42 |
177,476 | 162,496 | ||||||
4.000%, 09/01/42 |
871,004 | 797,496 | ||||||
4.000%, 10/01/42 |
102,069 | 93,455 | ||||||
4.000%, 11/01/42 |
111,520 | 102,517 | ||||||
4.000%, 06/01/43 |
114,856 | 105,282 | ||||||
4.000%, 08/01/43 |
172,009 | 157,386 | ||||||
4.000%, 09/01/43 |
755,409 | 691,526 | ||||||
4.000%, 10/01/43 |
121,117 | 110,895 | ||||||
4.000%, 02/01/44 |
45,980 | 42,100 | ||||||
4.000%, 04/01/44 |
57,559 | 52,703 | ||||||
4.000%, 02/01/45 |
58,646 | 53,497 | ||||||
4.000%, 06/01/45 |
30,068 | 27,531 | ||||||
4.000%, 12/01/45 |
452,191 | 412,769 | ||||||
4.000%, 03/01/46 |
32,834 | 29,842 | ||||||
4.000%, 05/01/46 |
21,315 | 19,382 | ||||||
4.000%, 09/01/47 |
8,467 | 7,782 | ||||||
4.000%, 05/01/48 |
363,659 | 329,863 | ||||||
4.000%, 10/01/48 |
695,074 | 628,431 | ||||||
4.000%, 05/01/52 |
94,400 | 84,722 | ||||||
4.000%, 06/01/52 |
1,670,013 | 1,495,270 | ||||||
4.000%, 07/01/52 |
2,015,937 | 1,797,915 | ||||||
4.068%, 1Y RFUCCT + 1.818%, 09/01/41 (a) |
6,182 | 6,170 | ||||||
4.080%, 1Y RFUCCT + 1.830%, 10/01/41 (a) |
5,043 | 4,997 | ||||||
4.304%, 1Y RFUCCT + 1.818%, 02/01/42 (a) |
29,307 | 28,898 | ||||||
4.500%, 12/01/40 |
746,824 | 705,481 | ||||||
4.500%, 08/01/41 |
60,123 | 56,795 | ||||||
4.500%, 11/01/41 |
388,805 | 367,274 | ||||||
4.500%, 10/01/44 |
492,174 | 461,864 | ||||||
4.500%, 02/01/45 |
200,292 | 187,852 | ||||||
4.500%, 05/01/48 |
24,233 | 22,730 | ||||||
4.500%, 12/01/48 |
844,682 | 790,490 | ||||||
4.500%, 04/01/49 |
21,179 | 19,799 | ||||||
4.500%, 09/01/49 |
98,713 | 92,362 | ||||||
4.500%, 10/01/49 |
45,863 | 42,897 | ||||||
4.500%, 01/01/50 |
195,940 | 185,097 | ||||||
4.500%, 07/01/52 |
2,371,895 | 2,180,935 | ||||||
4.500%, 08/01/58 |
109,100 | 100,753 | ||||||
5.000%, 04/01/41 |
7,212 | 6,896 | ||||||
5.000%, 06/01/41 |
18,662 | 17,924 | ||||||
5.000%, 08/01/41 |
10,221 | 9,779 | ||||||
5.000%, 08/01/48 |
46,071 | 44,206 | ||||||
5.000%, 02/01/53 |
97,913 | 92,575 | ||||||
5.192%, 1Y RFUCCT + 1.700%, 06/01/42 (a) |
15,411 | 15,432 | ||||||
5.500%, 12/01/39 |
210,793 | 209,122 | ||||||
5.500%, 04/01/40 |
218,004 | 216,887 | ||||||
5.500%, 06/01/40 |
25,405 | 25,275 | ||||||
5.500%, 05/01/41 |
85,382 | 84,945 | ||||||
5.500%, 06/01/41 |
148,508 | 147,748 | ||||||
5.500%, 07/01/41 |
152,099 | 151,320 | ||||||
5.500%, 12/01/41 |
292,913 | 291,413 | ||||||
5.500%, 02/01/42 |
626,269 | 623,061 | ||||||
5.500%, 05/01/44 |
169,131 | 168,265 | ||||||
6.000%, 10/01/34 |
53,816 | 54,584 | ||||||
6.000%, 09/01/37 |
12,773 | 12,872 | ||||||
6.000%, 10/01/37 |
140,813 | 143,175 |
BHFTI-351
Table of Contents
Brighthouse Funds Trust I
Western Asset Management Government Income Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies(Continued)
Security Description | Principal Amount* |
Value | ||||||
Agency Sponsored Mortgage - Backed(Continued) | ||||||||
Federal National Mortgage Association | ||||||||
6.000%, 01/01/38 |
139,804 | $ | 142,149 | |||||
6.000%, 03/01/38 |
51,877 | 53,095 | ||||||
6.000%, 07/01/38 |
25,118 | 25,514 | ||||||
6.000%, 01/01/40 |
138,295 | 140,510 | ||||||
6.000%, 05/01/40 |
197,261 | 200,571 | ||||||
6.000%, 07/01/41 |
727,541 | 739,655 | ||||||
6.000%, 01/01/42 |
13,019 | 12,948 | ||||||
6.050%, 1Y RFUCCT + 1.800%, 07/01/41 (a) |
7,261 | 7,280 | ||||||
6.051%, 1Y RFUCCT + 1.818%, 07/01/41 (a) |
12,077 | 12,335 | ||||||
6.500%, 07/01/32 |
33,759 | 34,630 | ||||||
6.500%, 12/01/32 |
9,875 | 10,123 | ||||||
6.500%, 07/01/35 |
11,435 | 11,614 | ||||||
6.500%, 12/01/35 |
99,974 | 102,187 | ||||||
6.500%, 08/01/36 |
170,234 | 174,276 | ||||||
6.500%, 08/01/39 |
584,533 | 588,895 | ||||||
6.691%, 02/01/39 |
38,076 | 38,477 | ||||||
Federal National Mortgage Association REMICS |
||||||||
1.121%, -1x SOFR30A + 6.436%, 06/25/41 (a)(b) |
20,338 | 171 | ||||||
1.750%, 06/25/42 |
92,405 | 81,896 | ||||||
1.750%, 01/25/43 |
84,463 | 75,232 | ||||||
3.000%, 05/25/46 |
1,652,658 | 1,518,775 | ||||||
4.250%, 03/25/42 |
816,477 | 746,508 | ||||||
4.500%, 12/25/40 |
53,029 | 48,209 | ||||||
4.750%, 01/25/41 |
198,301 | 182,394 | ||||||
Federal National Mortgage Association Grantor Trust |
||||||||
2.898%, 06/25/27 |
6,085,526 | 5,574,286 | ||||||
5.000%, 12/25/23 |
6 | 5 | ||||||
5.000%, 12/25/34 |
102,999 | 100,619 | ||||||
5.000%, 03/25/35 |
83,333 | 81,406 | ||||||
5.000%, 08/25/39 |
139,720 | 136,490 | ||||||
5.000%, 02/25/41 |
83,234 | 76,778 | ||||||
5.500%, 06/25/35 |
10,553 | 10,467 | ||||||
5.500%, 08/25/35 |
431,728 | 419,753 | ||||||
6.000%, 06/25/45 (b) |
226,059 | 34,790 | ||||||
6.349%, SOFR30A + 1.034%, 03/25/36 (a) |
147,083 | 148,395 | ||||||
6.359%, SOFR30A + 1.044%, 06/25/36 (a) |
210,496 | 212,315 | ||||||
Government National Mortgage Association |
| |||||||
2.000%, 02/20/51 |
362,635 | 287,486 | ||||||
2.000%, 11/20/51 |
173,709 | 137,337 | ||||||
2.500%, 12/20/50 |
221,709 | 178,735 | ||||||
2.500%, 02/20/51 |
506,632 | 414,571 | ||||||
2.500%, 03/20/51 |
676,935 | 553,682 | ||||||
2.500%, 04/20/51 |
71,288 | 58,368 | ||||||
3.000%, 05/15/42 |
193,697 | 168,550 | ||||||
3.000%, 12/20/42 |
493,659 | 423,702 | ||||||
3.000%, 03/20/43 |
462,428 | 394,095 | ||||||
3.000%, 04/15/43 |
63,344 | 55,126 | ||||||
3.000%, 05/15/43 |
43,649 | 37,871 | ||||||
3.000%, 01/15/45 |
24,241 | 20,762 | ||||||
3.000%, 02/15/45 |
33,503 | 28,653 | ||||||
3.000%, 03/15/45 |
189,237 | 161,921 | ||||||
3.000%, 05/15/45 |
13,364 | 11,430 | ||||||
3.000%, 06/15/45 |
18,395 | 15,890 | ||||||
Government National Mortgage Association | ||||||||
3.000%, 07/15/45 |
102,093 | 87,313 | ||||||
3.000%, 01/20/48 |
604,539 | 519,542 | ||||||
3.000%, 09/20/51 |
3,887,989 | 3,305,630 | ||||||
3.000%, 04/20/52 |
82,726 | 68,824 | ||||||
3.500%, 11/15/41 |
118,865 | 106,814 | ||||||
3.500%, 02/15/42 |
90,547 | 81,364 | ||||||
3.500%, 03/15/42 |
128,736 | 115,713 | ||||||
3.500%, 05/15/42 |
272,974 | 245,295 | ||||||
3.500%, 06/15/42 |
175,528 | 157,724 | ||||||
3.500%, 12/20/42 |
150,677 | 134,856 | ||||||
3.500%, 05/20/46 |
718,174 | 639,210 | ||||||
3.500%, 06/20/46 |
1,851,853 | 1,649,075 | ||||||
3.500%, 11/20/47 |
118,658 | 105,223 | ||||||
3.500%, 10/20/48 |
407,641 | 361,384 | ||||||
3.500%, 05/15/50 |
160,865 | 143,342 | ||||||
3.500%, 02/20/52 |
178,288 | 156,205 | ||||||
3.500%, 04/20/52 |
184,100 | 161,289 | ||||||
3.500%, 06/20/52 |
92,671 | 79,348 | ||||||
4.000%, 09/20/39 |
46,331 | 42,902 | ||||||
4.000%, 09/15/40 |
613,092 | 564,426 | ||||||
4.000%, 10/15/40 |
38,457 | 35,658 | ||||||
4.000%, 10/20/40 |
6,481 | 6,001 | ||||||
4.000%, 11/20/40 |
450,397 | 417,082 | ||||||
4.000%, 03/15/41 |
356,819 | 330,359 | ||||||
4.000%, 06/15/41 |
13,322 | 12,366 | ||||||
4.000%, 09/15/41 |
67,440 | 62,448 | ||||||
4.000%, 10/15/41 |
288,685 | 266,409 | ||||||
4.000%, 10/20/41 |
588,142 | 544,538 | ||||||
4.000%, 11/15/41 |
92,345 | 85,457 | ||||||
4.000%, 11/20/41 |
225,787 | 209,008 | ||||||
4.000%, 12/15/41 |
263,926 | 243,935 | ||||||
4.000%, 01/15/42 |
9,257 | 8,593 | ||||||
4.000%, 02/15/42 |
13,522 | 12,444 | ||||||
4.000%, 03/15/42 |
87,899 | 81,226 | ||||||
4.000%, 04/20/42 |
293,426 | 271,395 | ||||||
4.000%, 06/20/42 |
22,337 | 20,652 | ||||||
4.000%, 11/15/42 |
9,573 | 8,895 | ||||||
4.000%, 01/15/43 |
36,238 | 33,210 | ||||||
4.000%, 10/20/44 |
512,918 | 472,331 | ||||||
4.000%, 11/20/44 |
513,259 | 472,578 | ||||||
4.000%, 12/20/44 |
29,587 | 27,241 | ||||||
4.000%, 08/20/46 |
88,053 | 80,547 | ||||||
4.000%, 08/20/48 |
84,605 | 77,203 | ||||||
4.000%, 03/15/50 |
31,912 | 29,071 | ||||||
4.000%, 03/20/50 |
29,670 | 27,451 | ||||||
4.000%, 04/20/50 |
250,518 | 227,459 | ||||||
4.500%, 08/15/39 |
561,080 | 536,634 | ||||||
4.500%, 02/20/40 |
50,023 | 47,506 | ||||||
4.500%, 06/15/40 |
158,462 | 151,449 | ||||||
4.500%, 07/15/40 |
35,846 | 34,178 | ||||||
4.500%, 09/20/40 |
5,390 | 5,113 | ||||||
4.500%, 03/15/41 |
215,635 | 205,876 | ||||||
4.500%, 04/15/41 |
17,928 | 17,082 | ||||||
4.500%, 08/20/48 |
441,027 | 412,842 | ||||||
4.500%, 09/20/48 |
300,658 | 281,671 | ||||||
4.500%, 10/20/48 |
425,938 | 399,038 |
BHFTI-352
Table of Contents
Brighthouse Funds Trust I
Western Asset Management Government Income Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies(Continued)
Security Description | Principal Amount* |
Value | ||||||
Agency Sponsored Mortgage - Backed(Continued) | ||||||||
Government National Mortgage Association | ||||||||
4.500%, 01/20/49 |
65,191 | $ | 61,121 | |||||
4.500%, 03/20/50 |
90,230 | 83,397 | ||||||
4.500%, 09/20/52 |
3,723,056 | 3,442,809 | ||||||
5.000%, 03/15/39 |
23,968 | 23,437 | ||||||
5.000%, 07/15/39 |
46,267 | 45,308 | ||||||
5.000%, 08/15/39 |
39,328 | 38,249 | ||||||
5.000%, 09/15/39 |
27,774 | 27,107 | ||||||
5.000%, 04/15/40 |
14,876 | 14,407 | ||||||
5.000%, 08/15/40 |
68,194 | 66,097 | ||||||
5.000%, 04/15/41 |
43,166 | 41,645 | ||||||
5.000%, 09/15/41 |
30,519 | 29,812 | ||||||
5.470%, 08/20/59 (a) |
325 | 304 | ||||||
5.500%, 10/15/39 |
6,839 | 6,820 | ||||||
6.000%, 06/15/36 |
326,348 | 334,422 | ||||||
Government National Mortgage Association REMICS |
||||||||
0.661%, -1x 1M TSFR + 5.986%, 07/20/41 (a)(b) |
63,189 | 4,724 | ||||||
2.500%, 11/20/46 |
96,790 | 83,692 | ||||||
2.750%, 02/20/64 |
458,417 | 450,708 | ||||||
3.250%, 08/20/68 |
1,832,266 | 1,738,876 | ||||||
4.000%, 12/20/40 |
1,223,610 | 1,150,125 | ||||||
4.500%, 05/16/40 |
17,644 | 17,306 | ||||||
4.500%, 05/20/40 (b) |
1,975 | 0 | ||||||
4.500%, 12/20/40 |
1,111,128 | 1,039,110 | ||||||
4.871%, 1M TSFR + 0.764%, 05/20/61 (a) |
6,579 | 6,474 | ||||||
5.000%, 12/20/39 |
2,717,138 | 2,665,073 | ||||||
5.000%, 03/20/40 |
1,276,391 | 1,252,215 | ||||||
5.010%, 09/20/60 (a) |
6,576 | 6,462 | ||||||
5.500%, 04/20/34 |
217,667 | 216,481 | ||||||
5.689%, 1M TSFR + 0.364%, 10/20/47 (a) |
495,004 | 473,563 | ||||||
5.730%, 1Y H15 + 0.350%, 08/20/66 (a) |
1,339,142 | 1,333,105 | ||||||
5.732%, 1M TSFR + 0.414%, 08/20/60 (a) |
53,584 | 53,165 | ||||||
5.732%, 1M TSFR + 0.414%, 09/20/60 (a) |
81,419 | 80,779 | ||||||
5.739%, 1M TSFR + 0.414%, 05/20/48 (a) |
435,592 | 417,567 | ||||||
5.739%, 1M TSFR + 0.414%, 06/20/48 (a) |
571,911 | 548,215 | ||||||
5.773%, 1M TSFR + 0.444%, 07/20/60 (a) |
111,801 | 111,038 | ||||||
5.880%, 1Y H15 + 0.500%, 05/20/66 (a) |
1,022,730 | 1,019,686 | ||||||
5.919%, 1M TSFR + 0.594%, 01/20/38 (a) |
16,229 | 16,053 | ||||||
5.922%, 1M TSFR + 0.604%, 02/20/61 (a) |
34,566 | 34,397 | ||||||
5.932%, 1M TSFR + 0.614%, 12/20/60 (a) |
117,917 | 117,406 | ||||||
5.932%, 1M TSFR + 0.614%, 02/20/61 (a) |
8,705 | 8,662 | ||||||
5.932%, 1M TSFR + 0.614%, 04/20/61 (a) |
45,703 | 45,493 | ||||||
5.932%, 1M TSFR + 0.614%, 05/20/61 (a) |
108,283 | 107,844 | ||||||
5.939%, 1M TSFR + 0.614%, 07/20/37 (a) |
62,577 | 62,305 | ||||||
5.962%, 1M TSFR + 0.644%, 06/20/61 (a) |
55,928 | 55,706 | ||||||
5.975%, 1M TSFR + 0.644%, 12/16/39 (a) |
57,119 | 56,358 | ||||||
6.032%, 1M TSFR + 0.714%, 10/20/61 (a) |
271,812 | 270,955 | ||||||
6.045%, 1M TSFR + 0.714%, 11/16/39 (a) |
93,623 | 92,717 | ||||||
6.062%, 1M TSFR + 0.744%, 01/20/62 (a) |
216,706 | 216,009 | ||||||
6.062%, 1M TSFR + 0.744%, 03/20/62 (a) |
215,379 | 214,560 | ||||||
6.132%, 1M TSFR + 0.814%, 11/20/61 (a) |
207,274 | 206,831 | ||||||
6.132%, 1M TSFR + 0.814%, 01/20/62 (a) |
232,609 | 232,102 | ||||||
|
|
|||||||
197,407,104 | ||||||||
|
|
|||||||
Federal Agencies42.0% | ||||||||
Federal Farm Credit Banks Funding Corp. |
||||||||
1.300%, 05/13/30 |
20,000,000 | 15,871,677 | ||||||
1.600%, 07/15/30 |
10,000,000 | 7,932,758 | ||||||
1.980%, 07/13/38 |
19,515,000 | 13,061,857 | ||||||
3.700%, 03/24/42 |
10,000,000 | 7,667,911 | ||||||
4.375%, 03/03/33 |
8,400,000 | 7,966,883 | ||||||
5.480%, 06/27/42 |
2,000,000 | 1,858,712 | ||||||
Federal Home Loan Banks |
||||||||
2.125%, 09/14/29 |
11,000,000 | 9,498,472 | ||||||
Federal Home Loan Mortgage Corp. |
| |||||||
Zero Coupon, 12/14/29 |
10,000,000 | 7,408,423 | ||||||
Zero Coupon, 09/15/36 |
10,000,000 | 5,121,894 | ||||||
Zero Coupon, 12/15/36 |
45,000,000 | 22,542,462 | ||||||
6.750%, 03/15/31 |
1,841,000 | 2,063,275 | ||||||
Federal Home Loan Mortgage Corp. STRIPS |
| |||||||
Zero Coupon, 07/15/32 |
17,100,000 | 10,940,028 | ||||||
Federal National Mortgage Association |
| |||||||
Zero Coupon, 11/15/30 |
10,000,000 | 7,010,896 | ||||||
Federal National Mortgage Association Principal STRIPS |
| |||||||
Zero Coupon, 05/15/30 |
40,000,000 | 28,846,717 | ||||||
Resolution Funding Corp. Interest STRIPS |
| |||||||
Zero Coupon, 07/15/29 |
7,500,000 | 5,612,574 | ||||||
Resolution Funding Corp. Principal STRIPS |
| |||||||
Zero Coupon, 01/15/30 |
35,623,000 | 26,163,062 | ||||||
Zero Coupon, 04/15/30 |
35,000,000 | 25,124,186 | ||||||
Tennessee Valley Authority |
||||||||
0.750%, 05/15/25 |
5,000,000 | 4,641,258 | ||||||
2.875%, 09/15/24 |
4,050,000 | 3,949,721 | ||||||
Tennessee Valley Authority Generic STRIPS |
| |||||||
Zero Coupon, 07/15/29 |
8,669,000 | 6,477,513 | ||||||
Zero Coupon, 01/15/34 |
12,669,000 | 7,405,256 | ||||||
U.S. Department of Housing & Urban Development |
||||||||
2.738%, 08/01/25 |
5,000,000 | 4,752,510 | ||||||
U.S. International Development Finance Corp. |
||||||||
1.110%, 05/15/29 |
4,928,571 | 4,353,600 | ||||||
1.920%, 12/15/32 |
9,047,619 | 7,820,219 | ||||||
|
|
|||||||
244,091,864 | ||||||||
|
|
|||||||
U.S. Treasury 13.1% | ||||||||
U.S. Treasury Bonds |
||||||||
2.875%, 05/15/52 |
27,100,000 | 19,214,535 | ||||||
3.000%, 05/15/45 |
9,800,000 | 7,277,649 | ||||||
3.000%, 02/15/48 |
18,000,000 | 13,169,531 | ||||||
3.625%, 02/15/44 |
27,000,000 | 22,450,078 | ||||||
3.625%, 05/15/53 |
2,590,000 | 2,144,439 | ||||||
4.000%, 11/15/42 |
5,190,000 | 4,606,530 | ||||||
U.S. Treasury Inflation-Indexed Bonds |
||||||||
0.125%, 02/15/52 (c) |
1,866,702 | 1,024,316 | ||||||
0.250%, 02/15/50 (c) |
2,972,350 | 1,748,665 | ||||||
U.S. Treasury Inflation-Indexed Notes |
||||||||
1.125%, 01/15/33 (c) |
1,026,170 | 926,640 |
BHFTI-353
Table of Contents
Brighthouse Funds Trust I
Western Asset Management Government Income Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
U.S. Treasury & Government Agencies(Continued)
Security Description | Principal |
Value | ||||||
U.S. Treasury(Continued) | ||||||||
U.S. Treasury Notes |
4,000,000 | $ | 3,796,719 | |||||
|
|
|||||||
76,359,102 | ||||||||
|
|
|||||||
Total U.S. Treasury & Government Agencies |
||||||||
(Cost $628,706,414) |
517,858,070 | |||||||
|
|
|||||||
Foreign Government9.9% |
| |||||||
Sovereign9.9% | ||||||||
Abu Dhabi Government International Bond |
||||||||
3.125%, 10/11/27 (144A) |
2,860,000 | 2,666,813 | ||||||
Colombia Government International Bond |
||||||||
3.125%, 04/15/31 |
5,090,000 | 3,760,777 | ||||||
Hashemite Kingdom of Jordan Government AID Bond |
||||||||
3.000%, 06/30/25 |
10,389,000 | 9,881,512 | ||||||
Indonesia Government International Bond |
||||||||
4.750%, 02/11/29 |
4,410,000 | 4,228,088 | ||||||
Israel Government AID Bonds |
||||||||
5.500%, 12/04/23 |
15,210,000 | 15,205,675 | ||||||
5.500%, 04/26/24 |
1,900,000 | 1,896,390 | ||||||
5.500%, 09/18/33 |
5,000,000 | 5,182,410 | ||||||
Mexico Government International Bond |
||||||||
4.500%, 04/22/29 (d) |
4,650,000 | 4,332,947 | ||||||
Panama Government International Bond |
||||||||
3.750%, 03/16/25 |
2,780,000 | 2,683,133 | ||||||
Peru Government International Bond |
||||||||
4.125%, 08/25/27 (d) |
2,620,000 | 2,494,957 | ||||||
Poland Government International Bond |
||||||||
3.250%, 04/06/26 |
2,820,000 | 2,678,267 | ||||||
Qatar Government International Bond |
||||||||
4.000%, 03/14/29 (144A) |
2,740,000 | 2,608,047 | ||||||
Total Foreign Government |
||||||||
|
|
|||||||
(Cost $65,785,360) |
57,619,016 | |||||||
|
|
|||||||
Mortgage-Backed Securities0.2% |
| |||||||
Collateralized Mortgage Obligations 0.2% | ||||||||
Seasoned Loans Structured Transaction |
||||||||
3.500%, 06/25/28 |
1,173,979 | 1,093,089 | ||||||
|
|
|||||||
Total Mortgage-Backed Securities |
||||||||
(Cost $1,165,231) |
1,093,089 | |||||||
|
|
|||||||
Short-Term Investment0.4% |
| |||||||
Repurchase Agreement0.4% | ||||||||
Fixed Income Clearing Corp. |
||||||||
Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $2,332,712; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $2,378,900. |
2,332,226 | 2,332,226 | ||||||
|
|
|||||||
Total Short-Term Investments |
||||||||
(Cost $2,332,226) |
2,332,226 | |||||||
|
|
|||||||
Securities Lending Reinvestments (e)0.3% |
| |||||||
Security Description | Shares/ Principal |
Value | ||||||
Repurchase Agreements0.1% | ||||||||
Cantor Fitzgerald & Co. |
||||||||
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $150,067; collateralized by U.S. Government Agency Obligations with rates ranging from 1.500%7.267%, maturity dates ranging from 02/01/2408/20/71, and an aggregate market value of $153,000. |
150,000 | $ | 150,000 | |||||
Citigroup Global Markets, Inc. |
||||||||
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $33,218; collateralized by U.S. Treasury Obligations with rates ranging from 0.250%5.403%, maturity dates ranging from 01/31/2410/31/25, and various Common Stock with an aggregate market value of $33,847. |
33,183 | 33,183 | ||||||
HSBC Securities, Inc. |
||||||||
Repurchase Agreement dated 09/29/23 at 5.280%, due on 10/02/23 with a maturity value of $200,088; collateralized by U.S. Treasury Obligations with rates ranging from 0.000%4.500%, maturity dates ranging from 09/30/2305/15/52, and an aggregate market value of $204,090. |
200,000 | 200,000 | ||||||
ING Financial Markets LLC |
||||||||
Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $16,902; collateralized by U.S. Treasury Obligations with rates ranging from 0.000%4.500%, maturity dates ranging from 10/12/2302/15/50, and an aggregate market value of $17,232. |
16,894 | 16,894 | ||||||
National Bank Financial, Inc. |
||||||||
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $5,002; collateralized by U.S. Treasury Obligations with rates ranging from 0.625%3.875%, maturity dates ranging from 01/15/2611/15/41, and an aggregate market value of $5,124. |
5,000 | 5,000 | ||||||
National Bank of Canada |
||||||||
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $4,237; collateralized by U.S. Treasury Obligations with rates ranging from 0.000%4.000%, maturity dates ranging from 10/12/2302/15/32, and an aggregate market value of $4,337. |
4,233 | 4,233 | ||||||
Societe Generale |
||||||||
Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $31,379; collateralized by various Common Stock with an aggregate market value of $34,910. |
31,365 | 31,365 | ||||||
|
|
|||||||
440,675 | ||||||||
|
|
|||||||
Mutual Funds0.2% | ||||||||
Allspring Government Money Market Fund, Select Class |
||||||||
5.270% (f) |
125,000 | 125,000 | ||||||
BlackRock Liquidity Funds FedFund, Institutional Shares |
||||||||
5.230% (f) |
150,000 | 150,000 | ||||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class |
||||||||
5.230% (f) |
150,000 | 150,000 | ||||||
Goldman Sachs Financial Square Government Fund, Institutional Shares |
||||||||
5.240% (f) |
135,000 | 135,000 | ||||||
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares |
||||||||
5.270% (f) |
150,000 | 150,000 |
BHFTI-354
Table of Contents
Brighthouse Funds Trust I
Western Asset Management Government Income Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Securities Lending Reinvestments (g)(Continued)
Security Description | Shares | Value | ||||||
Mutual Funds (Continued) | ||||||||
RBC U.S. Government Money Market Fund, Institutional Shares |
||||||||
5.270% (f) |
200,000 | $ | 200,000 | |||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (f) |
|
125,000 |
|
|
125,000 |
| ||
STIT-Government & Agency Portfolio, Institutional Class |
||||||||
5.260% (f) |
175,000 | 175,000 | ||||||
|
|
|||||||
1,210,000 | ||||||||
|
|
|||||||
Total Securities Lending Reinvestments |
||||||||
(Cost $1,650,676) |
1,650,675 | |||||||
|
|
|||||||
Total Investments 99.9% |
||||||||
(Cost $699,639,907) |
580,553,076 | |||||||
Other assets and liabilities (net) 0.1% |
357,707 | |||||||
|
|
|||||||
Net Assets 100.0% |
$ | 580,910,783 | ||||||
|
|
* | Principal amount stated in U.S. dollars unless otherwise noted. | |
(a) | Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |
(b) | Interest only security. | |
(c) | Principal amount of security is adjusted for inflation. | |
(d) | All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $1,798,562 and the collateral received consisted of cash in the amount of $1,650,675 and non-cash collateral with a value of $194,723. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |
(e) | Represents investment of cash collateral received from securities on loan as of September 30, 2023. | |
(f) | The rate shown represents the annualized seven-day yield as of September 30, 2023. | |
(144A) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $5,274,860, which is 0.9% of net assets. |
Futures Contracts
Futures ContractsLong |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
U.S. Treasury Long Bond Futures |
12/19/23 | 82 | USD | 9,330,063 | $ | (512,158 | ) | |||||||||||||
Futures ContractsShort |
||||||||||||||||||||
U.S. Treasury Note 10 Year Futures |
12/19/23 | (21 | ) | USD | (2,269,313 | ) | 40,103 | |||||||||||||
U.S. Treasury Note 5 Year Futures |
12/29/23 | (37 | ) | USD | (3,898,297 | ) | 29,709 | |||||||||||||
|
|
|||||||||||||||||||
Net Unrealized Depreciation |
$ | (442,346 | ) | |||||||||||||||||
|
|
Glossary of Abbreviations
Currencies
(USD) | United States Dollar |
Index Abbreviations
(H15) | U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index | |
(RFUCCT) | Refinitiv USD IBOR Consumer Cash Fallbacks Term | |
(SOFR30A) | Secured Overnight Financing Rate 30-Day Average | |
(TSFR) | Term Secured Overnight Financing Rate |
Other Abbreviations
(REMIC) | Real Estate Mortgage Investment Conduit |
BHFTI-355
Table of Contents
Brighthouse Funds Trust I
Western Asset Management Government Income Portfolio
Schedule of Investments as of September 30, 2023 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (GAAP) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable
inputs are unavailable (including the Portfolios own assumptions used in determining the fair value of investments and derivative financial instruments) The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolios policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolios investments as of September 30, 2023:
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Total U.S. Treasury & Government Agencies* |
$ | | $ | 517,858,070 | $ | | $ | 517,858,070 | ||||||||
Total Foreign Government* |
| 57,619,016 | | 57,619,016 | ||||||||||||
Total Mortgage-Backed Securities* |
| 1,093,089 | | 1,093,089 | ||||||||||||
Total Short-Term Investment* |
| 2,332,226 | | 2,332,226 | ||||||||||||
Securities Lending Reinvestments |
||||||||||||||||
Repurchase Agreements |
| 440,675 | | 440,675 | ||||||||||||
Mutual Funds |
1,210,000 | | | 1,210,000 | ||||||||||||
Total Securities Lending Reinvestments |
1,210,000 | 440,675 | | 1,650,675 | ||||||||||||
Total Investments |
$ | 1,210,000 | $ | 579,343,076 | $ | | $ | 580,553,076 | ||||||||
Collateral for Securities Loaned (Liability) |
$ | | $ | (1,650,675 | ) | $ | | $ | (1,650,675 | ) | ||||||
Futures Contracts | ||||||||||||||||
Futures Contracts (Unrealized Appreciation) |
$ | 69,812 | $ | | $ | | $ | 69,812 | ||||||||
Futures Contracts (Unrealized Depreciation) |
(512,158 | ) | | | (512,158 | ) | ||||||||||
Total Futures Contracts |
$ | (442,346 | ) | $ | | $ | | $ | (442,346 | ) |
* | See Schedule of Investments for additional detailed categorizations. |
BHFTI-356
Table of Contents
Brighthouse Funds Trust I
Notes to the Schedule of Investments
Investment Valuation and Fair Value Measurements
Debt securities, including corporate, convertible and municipal bonds and notes; obligations of the U.S. Treasury and U.S. government agencies; foreign sovereign issues; and non-U.S. bonds, are generally valued based upon evaluated or composite bid quotations obtained from third-party pricing services and/or brokers and dealers selected by Brighthouse Investment Advisers, LLC (the Adviser) (each a pricing service). Such pricing services may use matrix pricing, which considers observable inputs including, among other things, issuer details, maturity dates, interest rates, yield curves, rates of prepayment, credit risks/spreads, default rates, reported trades, broker dealer quotes and quoted prices for similar assets. Short-term obligations with a remaining maturity of sixty days or less may be valued at amortized cost in the absence of market quotes, so long as the amortized cost value of such short-term debt instrument is approximately the same as the fair value of the instrument as determined without the use of amortized cost valuation. Floating rate loans are generally valued based upon an evaluated or composite average of aggregate bid and ask quotations supplied by brokers or dealers, as obtained from the pricing service. Securities that use similar valuation techniques and inputs as described above are generally categorized as Level 2 within the fair value hierarchy.
Mortgage and asset-backed securities are generally valued based upon evaluated or composite bid quotations obtained from pricing services selected by the Adviser. These securities are usually issued as separate tranches, or classes, of securities within each deal. The pricing models for these securities usually consider tranche level attributes, current market data, estimated cash flows and market-based yield spreads for each tranche and incorporate deal collateral performance, as available. Mortgage and asset-backed securities that use similar valuation techniques and inputs as described above are generally categorized as Level 2 within the fair value hierarchy.
Domestic and foreign equity securities, such as common stock, exchange-traded funds, rights, warrants, and preferred stock, that are traded on a securities exchange on a valuation date are generally valued at their last quoted sale price or official closing price on the primary exchange for such security, or, if no sales occurred on that day, at the last reported bid price. Equity securities traded over-the-counter (OTC) are generally valued at the last reported bid price. In the event of a major exchange closing during the trading day, the Adviser may use other market information obtained from quotation reporting systems, established market makers, or pricing services in valuing the securities. Valuation adjustments may be applied to certain foreign equity securities that are traded solely on foreign exchanges that close before the time as of which the Portfolio determines its net asset value (NAV) to account for the market movement between the close of the foreign exchanges and the time as of which the Portfolio determines its NAV. The Portfolio may use a systematic fair valuation model provided by a pricing service to value securities principally traded in these foreign markets to adjust for possible market movements or other changes that may occur between the close of the foreign exchanges and the time as of which the Portfolio determines its NAV. Foreign equity securities valued using these valuation adjustments are generally categorized as Level 2 within the fair value hierarchy. Equity securities that are actively traded, and have no valuation adjustments applied, are categorized as Level 1 within the fair value hierarchy. Other equity securities traded on inactive markets, or valued in reference to similar instruments traded on active markets, are generally categorized as Level 2 within the fair value hierarchy.
Investments in registered open-end management investment companies are valued at reported NAV per share on the valuation date and are categorized as Level 1 within the fair value hierarchy.
Foreign currency forward contracts are valued through a third-party pricing service by interpolating between forward and spot currency rates in the London foreign exchange markets as of a designated hour on a valuation day. These contracts are generally categorized as Level 2 within the fair value hierarchy.
Options, whether on securities, indices, futures contracts, or otherwise, traded on exchanges are valued at the last sale price available as of the close of business on a valuation day or, if there is no such price available, at the last reported bid price. These types of options are categorized as Level 1 within the fair value hierarchy. Futures contracts that are traded on commodity exchanges are valued at their settlement prices established by the exchanges on which they are traded as of the close of such exchanges and are categorized as Level 1 within the fair value hierarchy.
Options, including options on swaps (swaptions), currencies, and synthetic futures contracts that are traded OTC are generally valued based upon interdealer bid and ask prices or prices provided by pricing service providers who use a series of techniques, including simulation pricing models, to determine the value of the contracts. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, spreads, interest rates, yield curves, credit curves, measures of volatility and exchange rates. These contracts are generally categorized as Level 2 within the fair value hierarchy.
Swap contracts (other than centrally cleared swaps listed or traded on a multilateral or trade facility platform) are marked-to-market daily based on quotations and prices supplied by market makers, broker-dealers and other pricing services. Such quotations and prices are derived utilizing observable data, including the underlying reference securities or indices, credit spread quotations and expected default recovery rates determined by the pricing service. These contracts are generally categorized as Level 2 within the fair value hierarchy.
Centrally cleared swaps listed or traded on a multilateral or trade facility platform, such as a registered exchange, are valued at the daily settlement price determined by the respective exchange or a pricing service when the exchange price is not available. For
BHFTI-357
Table of Contents
Brighthouse Funds Trust I
Notes to the Schedule of Investments(Continued)
Investment Valuation and Fair Value Measurements(Continued)
centrally cleared credit default swaps, the clearing facility requires its members to provide actionable price levels across complete term structures. These levels along with external third party prices are used to produce daily settlement prices. These securities are categorized as Level 2 within the fair value hierarchy. Centrally cleared interest rate swaps are valued using a pricing model that references the underlying rates, including, but not limited to, the overnight index swap rate, the respective interbank offered forward rate or other interest rates, yield curves or credit spreads produce the daily settlement price. These securities are categorized as Level 2 within the fair value hierarchy.
If no current market quotation or other observable inputs are readily available or market value quotations are deemed to be unreliable for an investment, the fair value of the investment will be determined in accordance with procedures. A market quotation is readily available only when that quotation is a quoted price (unadjusted) in active markets for identical investments that the Portfolio can access at the measurement date, provided that a quotation will not be readily available if it is not reliable.
Pursuant to Rule 2a-5 under the 1940 Act, the Board of Trustees (the Board or Trustees ) of the Trust has designated Brighthouse Investment Advisers, acting through its Valuation Committee (Committee), as the Portfolios valuation designee to perform the Portfolios fair value determinations. The Board oversees Brighthouse Investment Advisers in its role as the Valuation Designee and receives reports from Brighthouse Investment Advisers regarding its process and the valuation of the Portfolios investments to assist with such oversight
No single standard for determining the fair value of an investment can be set forth because fair value depends upon the facts and circumstances with respect to each investment. Information relating to any relevant factors may be obtained by the Committee from any appropriate source, including the subadviser of the Portfolio, the Custodian, a pricing service, market maker and/or broker for such security or the issuer. Appropriate methodologies for determining fair value under particular circumstances may include: matrix pricing, a discounted cash flow analysis, comparisons of securities with comparable characteristics, value based on multiples of earnings, discount from market price of similar marketable securities or a combination of these and other methods.
For information regarding a Portfolios other significant accounting policies, please refer to the Portfolios most recent Semiannual or Annual Report.
BHFTI-358