UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-10183

BRIGHTHOUSE FUNDS TRUST I

(Exact name of registrant as specified in charter)

One Financial Center

Boston, Massachusetts 02111

(Address of principal executive offices)(Zip code)

(Name and Address of Agent for Service)	Copy to:
Alan R. Otis ----------------------- Brighthouse Investment Advisers, LLC One Financial Center Boston, Massachusetts 02111	Brian McCabe, Esq. Ropes & Gray LLP Prudential Tower 800 Boylston Street Boston, MA 02199

Registrant’s telephone number, including area code: (980) 949-5114

Date of fiscal year end: December 31

Date of reporting period: January 1, 2018 to September 30, 2018

Item 1. Schedule of Investments.

The following is a copy of the unaudited schedules as of the close of the reporting period as set forth in §§ 210.12-12 – 12-14 of Regulation S-X [17 CFR 210.12-12 – 12.14]:

Brighthouse Funds Trust I

Schedule of Investments

September 30, 2018

Brighthouse Funds Trust I

Table of Contents

AB Global Dynamic Allocation Portfolio	BHFTI-1
American Funds Balanced Allocation Portfolio	BHFTI-28
American Funds Growth Allocation Portfolio	BHFTI-29
American Funds Growth Portfolio	BHFTI-30
American Funds Moderate Allocation Portfolio	BHFTI-31
AQR Global Risk Balanced Portfolio	BHFTI-32
BlackRock Global Tactical Strategies Portfolio	BHFTI-39
BlackRock High Yield Portfolio	BHFTI-45
Brighthouse Asset Allocation 100 Portfolio	BHFTI-73
Brighthouse Balanced Plus Portfolio	BHFTI-74
Brighthouse Small Cap Value Portfolio	BHFTI-78
Brighthouse/Aberdeen Emerging Markets Equity Portfolio	BHFTI-85
Brighthouse/Artisan International Portfolio	BHFTI-90
Brighthouse/Eaton Vance Floating Rate Portfolio	BHFTI-94
Brighthouse/Franklin Low Duration Total Return Portfolio	BHFTI-109
Brighthouse/Templeton International Bond Portfolio	BHFTI-126
Brighthouse/Wellington Large Cap Research Portfolio	BHFTI-133
Clarion Global Real Estate Portfolio	BHFTI-140
ClearBridge Aggressive Growth Portfolio	BHFTI-144
Fidelity Institutional Asset Management Government Income Portfolio	BHFTI-149
Harris Oakmark International Portfolio	BHFTI-157
Invesco Balanced-Risk Allocation Portfolio	BHFTI-161
Invesco Comstock Portfolio	BHFTI-166
Invesco Small Cap Growth Portfolio	BHFTI-172
JPMorgan Core Bond Portfolio	BHFTI-177
JPMorgan Global Active Allocation Portfolio	BHFTI-203
JPMorgan Small Cap Value Portfolio	BHFTI-231
Loomis Sayles Global Markets Portfolio	BHFTI-239
MetLife Multi-Index Targeted Risk Portfolio	BHFTI-251
MFS® Research International Portfolio	BHFTI-253
Morgan Stanley Mid Cap Growth Portfolio	BHFTI-258
Oppenheimer Global Equity Portfolio	BHFTI-264
PanAgora Global Diversified Risk Portfolio	BHFTI-268
PIMCO Inflation Protected Bond Portfolio	BHFTI-284
PIMCO Total Return Portfolio	BHFTI-300
Schroders Global Multi-Asset Portfolio	BHFTI-324
SSGA Growth and Income ETF Portfolio	BHFTI-341
SSGA Growth ETF Portfolio	BHFTI-344
T. Rowe Price Large Cap Value Portfolio	BHFTI-347
T. Rowe Price Mid Cap Growth Portfolio	BHFTI-352
TCW Core Fixed Income Portfolio	BHFTI-360
Victory Sycamore Mid Cap Value Portfolio	BHFTI-370
Wells Capital Management Mid Cap Value Portfolio	BHFTI-375
Notes to Schedule of Investments	BHFTI-380

Not all Portfolios are available under every product.

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

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—64.1% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—1.3%
Airbus SE		59,031	$	7,401,032
Arconic, Inc.		23,650		520,537
BAE Systems plc		323,833		2,656,092
Boeing Co. (The)		30,525		11,352,248
Dassault Aviation S.A.		254		469,425
Elbit Systems, Ltd.		2,409		305,146
General Dynamics Corp.		15,430		3,158,830
Harris Corp.		6,590		1,115,094
Huntington Ingalls Industries, Inc.		2,542		650,955
L3 Technologies, Inc.		4,385		932,339
Leonardo S.p.A.		40,734		490,914
Lockheed Martin Corp.		13,845		4,789,816
Meggitt plc		78,897		582,048
MTU Aero Engines AG		5,285		1,190,485
Northrop Grumman Corp.		9,725		3,086,423
Raytheon Co.		16,015		3,309,660
Rockwell Collins, Inc.		9,135		1,283,193
Rolls-Royce Holdings plc (a)		170,378		2,190,246
Safran S.A.		33,902		4,744,728
Singapore Technologies Engineering, Ltd.		157,100		408,948
Textron, Inc. (b)		14,180		1,013,445
Thales S.A.		10,805		1,533,840
TransDigm Group, Inc. (a)		2,702		1,005,955
United Technologies Corp.		41,425		5,791,629
				59,983,028
Air Freight & Logistics—0.3%
Bollore S.A.		88,108		380,532
C.H. Robinson Worldwide, Inc.		7,760		759,859
Deutsche Post AG		99,886		3,561,927
Expeditors International of Washington, Inc.		9,705		713,609
FedEx Corp.		13,710		3,301,231
Royal Mail plc		91,455		568,122
SG Holdings Co., Ltd.		9,761		255,792
United Parcel Service, Inc. - Class B		38,400		4,483,200
Yamato Holdings Co., Ltd.		31,350		962,624
				14,986,896
Airlines—0.2%
Alaska Air Group, Inc. (b)		6,803		468,455
American Airlines Group, Inc. (b)		23,121		955,591
ANA Holdings, Inc.		11,805		412,366
Delta Air Lines, Inc.		35,951		2,079,046
Deutsche Lufthansa AG		23,944		588,289
easyJet plc		16,211		277,274
International Consolidated Airlines Group S.A. - Class DI		62,434		534,331
Japan Airlines Co., Ltd.		11,880		427,047
Ryanair Holdings plc (ADR) (a) (b)		2,174		208,791
Singapore Airlines, Ltd.		54,300		386,777
Southwest Airlines Co.		29,685		1,853,828
United Continental Holdings, Inc. (a)		13,091		1,165,884
				9,357,679
Auto Components—0.4%
Aisin Seiki Co., Ltd.		16,469		801,801
Aptiv plc		14,721		1,235,092

Security Description	Shares		Value
Auto Components—(Continued)
BorgWarner, Inc.		10,940	$	468,013
Bridgestone Corp.		61,908		2,339,552
Cie Generale des Etablissements Michelin		17,331		2,069,188
Continental AG		11,179		1,945,992
Denso Corp.		44,380		2,343,082
Faurecia S.A.		7,715		463,276
Goodyear Tire & Rubber Co. (The)		13,290		310,853
Koito Manufacturing Co., Ltd.		10,621		696,590
Minth Group, Ltd.		74,500		304,627
NGK Spark Plug Co., Ltd.		16,227		472,852
NOK Corp.		7,917		135,937
Nokian Renkaat Oyj		11,867		485,637
Pirelli & C S.p.A. (144A) (a)		40,646		340,706
Stanley Electric Co., Ltd.		13,414		458,638
Sumitomo Electric Industries, Ltd.		76,644		1,202,383
Sumitomo Rubber Industries, Ltd.		17,209		258,297
Toyoda Gosei Co., Ltd.		6,645		163,896
Toyota Industries Corp.		14,900		881,436
Valeo S.A.		24,353		1,057,416
Yokohama Rubber Co., Ltd. (The)		12,178		262,547
				18,697,811
Automobiles—1.1%
Bayerische Motoren Werke AG		33,646		3,030,661
Daimler AG		92,407		5,821,021
Ferrari NV		12,481		1,713,198
Fiat Chrysler Automobiles NV (a)		109,550		1,921,050
Ford Motor Co. (b)		217,995		2,016,454
General Motors Co.		70,613		2,377,540
Harley-Davidson, Inc.		9,175		415,628
Honda Motor Co., Ltd.		165,665		5,015,463
Isuzu Motors, Ltd.		56,039		883,300
Mazda Motor Corp.		57,782		693,842
Mitsubishi Motors Corp.		67,499		476,583
Nissan Motor Co., Ltd.		235,893		2,208,247
Peugeot S.A.		59,765		1,607,707
Renault S.A.		19,533		1,687,312
Subaru Corp.		62,529		1,915,511
Suzuki Motor Corp.		34,927		2,001,013
Toyota Motor Corp.		232,104		14,400,146
Volkswagen AG		3,299		573,601
Yamaha Motor Co., Ltd.		28,446		797,657
				49,555,934
Banks—5.2%
ABN AMRO Group NV (144A)		42,984		1,170,139
AIB Group plc		81,961		419,637
Aozora Bank, Ltd.		12,034		430,000
Australia & New Zealand Banking Group, Ltd.		296,987		6,036,683
Banco Bilbao Vizcaya Argentaria S.A.		677,570		4,284,008
Banco de Sabadell S.A.		571,795		887,320
Banco Espirito Santo S.A. (a) (c) (d) (e)		169,954		0
Banco Santander S.A.		1,639,707		8,195,220
Bank Hapoalim B.M.		108,369		792,070
Bank Leumi Le-Israel B.M.		147,074		968,702
Bank of America Corp.		525,308		15,475,574

BHFTI-1

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Banks—(Continued)
Bank of East Asia, Ltd. (The)		125,200	$	464,276
Bank of Ireland Group plc		98,279		752,442
Bank of Kyoto, Ltd. (The)		5,395		281,554
Bank of Queensland, Ltd.		39,239		312,487
Bankia S.A. (b)		124,200		483,668
Bankinter S.A.		68,505		630,834
Barclays plc		1,733,968		3,876,721
BB&T Corp.		43,445		2,108,820
Bendigo & Adelaide Bank, Ltd.		48,686		378,188
BNP Paribas S.A.		114,215		6,980,334
BOC Hong Kong Holdings, Ltd.		376,000		1,775,659
CaixaBank S.A.		364,689		1,656,350
Chiba Bank, Ltd. (The)		61,566		420,460
Citigroup, Inc.		142,071		10,192,173
Citizens Financial Group, Inc.		26,954		1,039,616
Comerica, Inc.		9,555		861,861
Commerzbank AG (a)		101,808		1,060,958
Commonwealth Bank of Australia		178,107		9,190,584
Concordia Financial Group, Ltd.		111,217		545,193
Credit Agricole S.A.		115,685		1,661,994
Danske Bank A/S		76,158		1,998,055
DBS Group Holdings, Ltd.		182,400		3,471,584
DNB ASA		99,308		2,089,402
Erste Group Bank AG (a)		30,573		1,268,110
Fifth Third Bancorp (b)		38,135		1,064,729
Fukuoka Financial Group, Inc.		14,852		408,472
Hang Seng Bank, Ltd.		77,700		2,098,816
HSBC Holdings plc		2,033,467		17,750,872
Huntington Bancshares, Inc.		61,555		918,401
ING Groep NV		394,869		5,119,285
Intesa Sanpaolo S.p.A.		1,467,651		3,735,340
Japan Post Bank Co., Ltd.		41,167		486,586
JPMorgan Chase & Co.		189,700		21,405,748
KBC Group NV		25,522		1,897,398
KeyCorp		59,120		1,175,897
Lloyds Banking Group plc		7,325,208		5,652,770
M&T Bank Corp.		8,095		1,331,951
Mebuki Financial Group, Inc.		83,868		290,078
Mediobanca S.p.A.		62,879		626,214
Mitsubishi UFJ Financial Group, Inc.		1,200,106		7,470,213
Mizrahi Tefahot Bank, Ltd.		14,287		250,069
Mizuho Financial Group, Inc.		2,451,019		4,273,909
National Australia Bank, Ltd.		276,322		5,553,318
Nordea Bank AB		308,658		3,360,696
Oversea-Chinese Banking Corp., Ltd.		319,600		2,672,535
People’s United Financial, Inc.		19,295		330,330
PNC Financial Services Group, Inc. (The)		26,135		3,559,326
Raiffeisen Bank International AG		15,054		432,886
Regions Financial Corp.		62,515		1,147,150
Resona Holdings, Inc.		212,552		1,194,042
Royal Bank of Scotland Group plc		364,784		1,179,316
Seven Bank, Ltd. (b)		60,539		191,305
Shinsei Bank, Ltd.		16,610		271,459
Shizuoka Bank, Ltd. (The)		45,889		411,937
Skandinaviska Enskilda Banken AB - Class A		165,383		1,844,900
Societe Generale S.A.		77,994		3,344,623
Standard Chartered plc		284,757		2,358,239

Security Description	Shares		Value
Banks—(Continued)
Sumitomo Mitsui Financial Group, Inc.		136,545	$	5,511,131
Sumitomo Mitsui Trust Holdings, Inc.		33,716		1,387,524
SunTrust Banks, Inc.		25,900		1,729,861
SVB Financial Group (a)		3,025		940,261
Svenska Handelsbanken AB - A Shares		155,183		1,958,039
Swedbank AB - A Shares		92,025		2,279,022
U.S. Bancorp		86,935		4,591,037
UniCredit S.p.A.		203,961		3,057,964
United Overseas Bank, Ltd.		135,900		2,685,566
Wells Fargo & Co. (f)		244,310		12,840,934
Westpac Banking Corp.		345,922		6,966,749
Yamaguchi Financial Group, Inc.		19,956		217,433
Zions Bancorp (b)		10,960		549,644
				240,684,651
Beverages—1.2%
Anheuser-Busch InBev S.A.		77,428		6,776,429
Asahi Group Holdings, Ltd.		36,856		1,597,780
Brown-Forman Corp. - Class B		14,517		733,834
Carlsberg A/S - Class B		10,871		1,303,510
Coca-Cola Amatil, Ltd.		51,499		363,350
Coca-Cola Bottlers Japan Holdings, Inc.		13,625		364,527
Coca-Cola Co. (The) (f)		213,310		9,852,789
Coca-Cola European Partners plc		22,150		1,007,161
Coca-Cola HBC AG (a)		20,530		698,475
Constellation Brands, Inc. - Class A		9,375		2,021,438
Davide Campari-Milano S.p.A.		58,457		497,653
Diageo plc		249,994		8,853,378
Heineken Holding NV		11,708		1,060,157
Heineken NV		26,340		2,466,380
Kirin Holdings Co., Ltd.		83,590		2,141,917
Molson Coors Brewing Co. - Class B		10,305		633,758
Monster Beverage Corp. (a)		22,840		1,331,115
PepsiCo, Inc.		79,025		8,834,995
Pernod-Ricard S.A.		21,578		3,539,822
Remy Cointreau S.A.		2,314		301,387
Suntory Beverage & Food, Ltd.		14,130		597,166
Treasury Wine Estates, Ltd.		72,741		915,052
				55,892,073
Biotechnology—1.1%
AbbVie, Inc.		84,383		7,980,944
Alexion Pharmaceuticals, Inc. (a)		12,400		1,723,724
Amgen, Inc.		37,169		7,704,762
Biogen, Inc. (a)		11,830		4,179,657
Celgene Corp. (a)		39,340		3,520,536
CSL, Ltd.		45,959		6,645,357
Genmab A/S (a)		6,225		978,425
Gilead Sciences, Inc.		72,443		5,593,324
Grifols S.A.		30,312		852,848
Incyte Corp. (a)		9,733		672,356
Regeneron Pharmaceuticals, Inc. (a)		4,341		1,753,938
Shire plc		92,476		5,579,297
Vertex Pharmaceuticals, Inc. (a)		14,167		2,730,547
				49,915,715

BHFTI-2

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Building Products—0.3%
A.O. Smith Corp.		8,060	$	430,162
Allegion plc		5,301		480,111
Asahi Glass Co., Ltd.		19,119		793,599
Assa Abloy AB - Class B		101,851		2,047,304
Cie de St-Gobain		50,626		2,183,169
Daikin Industries, Ltd.		25,318		3,371,059
Fortune Brands Home & Security, Inc.		8,127		425,530
Geberit AG		3,765		1,744,710
Johnson Controls International plc (b)		51,584		1,805,440
LIXIL Group Corp.		27,040		520,796
Masco Corp.		17,275		632,265
TOTO, Ltd.		14,388		597,050
				15,031,195
Capital Markets—1.6%
3i Group plc		98,862		1,211,542
Affiliated Managers Group, Inc.		3,005		410,844
Ameriprise Financial, Inc.		8,015		1,183,495
Amundi S.A. (144A)		6,153		461,049
ASX, Ltd.		19,673		902,013
Bank of New York Mellon Corp. (The)		56,285		2,869,972
BlackRock, Inc.		6,910		3,256,890
Cboe Global Markets, Inc.		6,217		596,583
Charles Schwab Corp. (The)		66,845		3,285,432
CME Group, Inc.		18,985		3,231,437
Credit Suisse Group AG (a)		259,734		3,897,861
Daiwa Securities Group, Inc.		164,051		995,833
Deutsche Bank AG		199,518		2,275,345
Deutsche Boerse AG		19,613		2,627,852
E*Trade Financial Corp. (a)		14,615		765,680
Franklin Resources, Inc.		17,741		539,504
Goldman Sachs Group, Inc. (The)		19,550		4,383,892
Hargreaves Lansdown plc		28,919		841,506
Hong Kong Exchanges and Clearing, Ltd.		119,700		3,401,261
Intercontinental Exchange, Inc.		32,280		2,417,449
Invesco, Ltd.		22,820		522,122
Investec plc		67,419		473,084
Japan Exchange Group, Inc.		51,777		902,246
Julius Baer Group, Ltd. (a)		22,743		1,136,692
London Stock Exchange Group plc		31,711		1,894,447
Macquarie Group, Ltd.		32,858		2,974,989
Moody’s Corp.		9,325		1,559,140
Morgan Stanley		75,860		3,532,800
MSCI, Inc.		4,990		885,276
Nasdaq, Inc. (b)		6,470		555,126
Natixis S.A.		95,642		648,103
Nomura Holdings, Inc.		351,735		1,669,932
Northern Trust Corp.		11,790		1,204,113
Partners Group Holding AG		1,764		1,398,186
Raymond James Financial, Inc.		7,249		667,270
S&P Global, Inc.		14,015		2,738,391
SBI Holdings, Inc.		22,819		709,185
Schroders plc		12,633		508,952
Singapore Exchange, Ltd.		80,900		435,967
St. James’s Place plc		53,763		800,524
State Street Corp.		20,290		1,699,896

Security Description	Shares		Value
Capital Markets—(Continued)
T. Rowe Price Group, Inc.		13,490	$	1,472,838
UBS Group AG (a)		391,615		6,176,168
				74,120,887
Chemicals—1.8%
Air Liquide S.A.		43,538		5,718,635
Air Products & Chemicals, Inc.		12,245		2,045,527
Air Water, Inc.		15,260		280,087
Akzo Nobel NV		25,671		2,400,192
Albemarle Corp. (b)		6,188		617,439
Arkema S.A.		6,939		858,443
Asahi Kasei Corp.		128,276		1,945,713
BASF SE		93,333		8,294,567
CF Industries Holdings, Inc.		13,000		707,720
Chr Hansen Holding A/S		10,049		1,018,912
Clariant AG (a)		20,238		526,100
Covestro AG (144A)		19,549		1,584,730
Croda International plc		13,352		904,126
Daicel Corp.		26,670		309,916
DowDuPont, Inc.		129,224		8,310,396
Eastman Chemical Co.		7,980		763,846
Ecolab, Inc.		14,445		2,264,687
EMS-Chemie Holding AG		832		495,377
Evonik Industries AG		16,574		593,654
FMC Corp.		7,440		648,619
Frutarom Industries, Ltd.		3,944		408,195
Givaudan S.A.		939		2,306,702
Hitachi Chemical Co., Ltd.		10,486		213,456
Incitec Pivot, Ltd.		169,813		488,406
International Flavors & Fragrances, Inc. (b)		4,385		610,041
Israel Chemicals, Ltd.		70,768		433,156
Johnson Matthey plc		19,667		911,916
JSR Corp.		19,612		366,088
K&S AG		19,452		408,252
Kaneka Corp.		4,979		230,059
Kansai Paint Co., Ltd.		18,007		331,849
Koninklijke DSM NV		18,436		1,952,566
Kuraray Co., Ltd.		32,454		487,978
LANXESS AG		8,836		647,140
Linde AG		19,158		3,959,325
LyondellBasell Industries NV - Class A		17,871		1,831,956
Mitsubishi Chemical Holdings Corp.		130,104		1,245,211
Mitsubishi Gas Chemical Co., Inc.		16,484		350,927
Mitsui Chemicals, Inc.		18,699		467,672
Mosaic Co. (The) (b)		19,480		632,711
Nippon Paint Holdings Co., Ltd.		14,880		555,429
Nissan Chemical Corp.		13,043		688,956
Nitto Denko Corp.		16,774		1,257,573
Novozymes A/S - B Shares		22,979		1,258,747
Orica, Ltd.		38,427		471,129
PPG Industries, Inc.		13,890		1,515,816
Praxair, Inc.		16,025		2,575,698
Sherwin-Williams Co. (The)		4,660		2,121,279
Shin-Etsu Chemical Co., Ltd.		37,323		3,306,100
Showa Denko KK		13,800		761,836
Sika AG		13,140		1,910,785

BHFTI-3

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Chemicals—(Continued)
Solvay S.A.		7,532	$	1,009,018
Sumitomo Chemical Co., Ltd.		151,399		886,064
Symrise AG		12,532		1,143,446
Taiyo Nippon Sanso Corp.		13,268		198,506
Teijin, Ltd.		18,104		347,262
Toray Industries, Inc.		140,918		1,058,747
Tosoh Corp.		26,427		407,013
Umicore S.A.		21,283		1,188,913
Yara International ASA		18,047		884,517
				82,119,126
Commercial Services & Supplies—0.3%
Babcock International Group plc		25,418		239,511
Brambles, Ltd.		161,688		1,274,057
Cintas Corp.		4,830		955,422
Copart, Inc. (a)		11,165		575,333
Dai Nippon Printing Co., Ltd.		24,711		574,720
Edenred		23,921		910,673
G4S plc		157,668		496,667
ISS A/S		16,981		596,799
Park24 Co., Ltd.		10,440		315,499
Republic Services, Inc.		12,385		899,894
Secom Co., Ltd.		21,336		1,739,475
Securitas AB - B Shares		31,824		553,716
Societe BIC S.A.		2,606		238,573
Sohgo Security Services Co., Ltd.		7,302		320,876
Stericycle, Inc. (a)		4,715		276,676
Toppan Printing Co., Ltd.		24,875		399,636
Waste Management, Inc.		22,135		2,000,119
				12,367,646
Communications Equipment—0.5%
Arista Networks, Inc. (a)		2,656		706,124
Cisco Systems, Inc. (f)		262,000		12,746,300
F5 Networks, Inc. (a)		3,385		675,037
Juniper Networks, Inc.		19,420		582,017
Motorola Solutions, Inc.		9,000		1,171,260
Nokia Oyj		572,256		3,173,769
Telefonaktiebolaget LM Ericsson - B Shares		312,207		2,764,375
				21,818,882
Construction & Engineering—0.3%
ACS Actividades de Construccion y Servicios S.A.		25,825		1,094,340
Bouygues S.A.		22,252		960,889
CIMIC Group, Ltd.		9,954		368,386
Eiffage S.A.		7,967		888,939
Ferrovial S.A.		50,134		1,036,669
Fluor Corp.		7,795		452,890
HOCHTIEF AG		1,970		326,622
Jacobs Engineering Group, Inc.		6,650		508,725
JGC Corp.		21,101		484,068
Kajima Corp.		45,662		663,477
Obayashi Corp.		65,985		625,006
Quanta Services, Inc. (a)		8,285		276,553
Shimizu Corp.		56,088		512,006
Skanska AB - B Shares		34,562		678,233

Security Description	Shares		Value
Construction & Engineering—(Continued)
Taisei Corp.		21,677	$	988,423
Vinci S.A.		51,128		4,863,828
				14,729,054
Construction Materials—0.2%
Boral, Ltd.		119,128		591,799
CRH plc		85,249		2,786,877
Fletcher Building, Ltd. (a)		86,597		372,679
HeidelbergCement AG		15,122		1,182,040
Imerys S.A.		3,663		270,468
James Hardie Industries plc		44,866		677,429
LafargeHolcim, Ltd. (a)		49,338		2,432,964
Martin Marietta Materials, Inc. (b)		3,512		639,008
Taiheiyo Cement Corp.		12,295		385,763
Vulcan Materials Co.		7,350		817,320
				10,156,347
Consumer Finance—0.2%
Acom Co., Ltd.		39,346		158,598
AEON Financial Service Co., Ltd.		11,568		239,553
American Express Co.		39,780		4,236,172
Capital One Financial Corp.		27,065		2,569,281
Credit Saison Co., Ltd.		15,866		258,627
Discover Financial Services		19,385		1,481,983
Synchrony Financial		39,487		1,227,256
				10,171,470
Containers & Packaging—0.1%
Amcor, Ltd.		117,686		1,161,161
Avery Dennison Corp.		4,900		530,915
Ball Corp. (b)		19,440		855,166
International Paper Co.		23,035		1,132,170
Packaging Corp. of America		5,199		570,278
Sealed Air Corp.		8,895		357,134
Smurfit Kappa Group plc		22,896		905,286
Toyo Seikan Group Holdings, Ltd.		15,491		321,408
WestRock Co.		14,195		758,581
				6,592,099
Distributors—0.0%
Genuine Parts Co.		8,115		806,631
Jardine Cycle & Carriage, Ltd.		10,100		236,258
LKQ Corp. (a)		17,232		545,737
				1,588,626
Diversified Consumer Services—0.0%
Benesse Holdings, Inc.		7,345		209,154
H&R Block, Inc.		11,655		300,116
				509,270
Diversified Financial Services—0.7%
AMP, Ltd.		296,566		683,722
Berkshire Hathaway, Inc. - Class B (a) (f)		109,550		23,455,750
Challenger, Ltd.		55,841		451,997

BHFTI-4

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Diversified Financial Services—(Continued)
Eurazeo S.A.		4,647	$	365,843
EXOR NV		11,021		738,628
Groupe Bruxelles Lambert S.A.		8,199		858,969
Industrivarden AB - C Shares		17,046		378,419
Investor AB - B Shares		46,285		2,137,002
Jefferies Financial Group, Inc.		16,875		370,575
Kinnevik AB - Class B		23,810		719,049
L E Lundbergforetagen AB - B Shares		7,709		259,666
Mitsubishi UFJ Lease & Finance Co., Ltd.		40,964		241,186
ORIX Corp.		134,585		2,181,796
Pargesa Holding S.A.		3,943		316,452
Standard Life Aberdeen plc		272,451		1,084,809
Tokyo Century Corp.		4,334		269,290
Wendel S.A.		2,832		421,216
				34,934,369
Diversified Telecommunication Services—1.2%
AT&T, Inc. (f)		404,541		13,584,487
Bezeq The Israeli Telecommunication Corp., Ltd.		210,765		242,236
BT Group plc		856,999		2,514,218
CenturyLink, Inc. (b)		54,613		1,157,796
Deutsche Telekom AG		338,691		5,457,960
Elisa Oyj		14,454		613,044
HKT Trust & HKT, Ltd.		381,000		523,791
Iliad S.A.		2,696		351,911
Koninklijke KPN NV		341,664		901,132
Nippon Telegraph & Telephone Corp.		70,300		3,175,645
Orange S.A.		202,730		3,229,553
PCCW, Ltd.		431,400		251,331
Proximus SADP		15,497		370,272
Singapore Telecommunications, Ltd.		761,400		1,794,462
Singapore Telecommunications, Ltd.		68,200		161,468
Spark New Zealand, Ltd.		184,684		495,699
Swisscom AG		2,632		1,194,456
Telecom Italia S.p.A. (a)		1,158,672		702,182
Telecom Italia S.p.A. - Risparmio Shares		606,698		325,785
Telefonica Deutschland Holding AG		74,559		315,190
Telefonica S.A.		474,848		3,742,294
Telenor ASA		76,287		1,491,223
Telia Co. AB		286,006		1,312,759
Telstra Corp., Ltd.		422,996		975,419
TPG Telecom, Ltd.		36,674		225,872
United Internet AG		12,499		591,363
Verizon Communications, Inc. (f)		230,220		12,291,446
				57,992,994
Electric Utilities—1.1%
Alliant Energy Corp.		12,844		546,769
American Electric Power Co., Inc.		27,350		1,938,568
AusNet Services		183,639		216,245
Chubu Electric Power Co., Inc.		61,620		932,079
Chugoku Electric Power Co., Inc. (The) (b)		28,245		362,937
CK Infrastructure Holdings, Ltd.		66,700		528,355
CLP Holdings, Ltd.		166,782		1,951,894
Duke Energy Corp.		39,015		3,121,980
Edison International		18,145		1,228,054

Security Description	Shares		Value
Electric Utilities—(Continued)
EDP - Energias de Portugal S.A.		260,096	$	960,679
Electricite de France S.A.		59,495		1,043,797
Endesa S.A.		32,276		696,881
Enel S.p.A.		826,486		4,223,329
Entergy Corp.		10,025		813,328
Evergy, Inc.		15,086		828,523
Eversource Energy		17,565		1,079,194
Exelon Corp.		53,724		2,345,590
FirstEnergy Corp.		24,925		926,462
Fortum Oyj		45,137		1,131,412
HK Electric Investments & HK Electric Investments, Ltd.		266,300		268,759
Iberdrola S.A.		605,646		4,437,042
Kansai Electric Power Co., Inc. (The)		71,543		1,078,116
Kyushu Electric Power Co., Inc.		38,548		465,170
NextEra Energy, Inc.		26,245		4,398,662
Orsted A/S (144A)		19,223		1,305,235
PG&E Corp. (a)		28,745		1,322,557
Pinnacle West Capital Corp.		6,250		494,875
Power Assets Holdings, Ltd.		140,900		978,672
PPL Corp.		38,915		1,138,653
Red Electrica Corp. S.A.		43,986		919,280
Southern Co. (The)		56,295		2,454,462
SSE plc		103,090		1,539,033
Terna Rete Elettrica Nazionale S.p.A.		142,974		762,016
Tohoku Electric Power Co., Inc.		43,436		589,475
Tokyo Electric Power Co. Holdings, Inc. (a)		146,970		721,515
Xcel Energy, Inc.		28,310		1,336,515
				49,086,113
Electrical Equipment—0.6%
ABB, Ltd.		187,273		4,431,369
AMETEK, Inc.		12,867		1,018,037
Eaton Corp. plc		24,338		2,110,835
Emerson Electric Co.		35,095		2,687,575
Fuji Electric Co., Ltd.		12,137		486,152
Legrand S.A.		27,033		1,968,450
Mabuchi Motor Co., Ltd.		4,980		201,014
Melrose Industries plc		487,522		1,268,304
Mitsubishi Electric Corp.		185,463		2,540,573
Nidec Corp.		22,723		3,269,781
OSRAM Licht AG		10,107		401,831
Prysmian S.p.A.		21,226		492,796
Rockwell Automation, Inc.		7,045		1,321,078
Schneider Electric SE		54,592		4,392,068
Siemens Gamesa Renewable Energy S.A. (a)		24,316		306,930
Vestas Wind Systems A/S		20,804		1,405,151
				28,301,944
Electronic Equipment, Instruments & Components—0.6%
Alps Electric Co., Ltd.		19,134		486,108
Amphenol Corp. - Class A		16,770		1,576,715
Corning, Inc. (b)		46,240		1,632,272
FLIR Systems, Inc.		7,605		467,479
Hamamatsu Photonics KK		14,471		576,295
Hexagon AB - B Shares		26,270		1,538,268
Hirose Electric Co., Ltd.		3,262		355,944

BHFTI-5

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Electronic Equipment, Instruments & Components—(Continued)
Hitachi High-Technologies Corp.		7,044	$	242,701
Hitachi, Ltd.		98,232		3,338,093
Ingenico Group S.A.		6,026		457,854
IPG Photonics Corp. (a) (b)		2,081		324,782
Keyence Corp.		9,886		5,735,290
Kyocera Corp.		32,617		1,958,370
Murata Manufacturing Co., Ltd.		18,314		2,808,429
Nippon Electric Glass Co., Ltd.		8,688		273,193
Omron Corp.		19,568		826,630
Shimadzu Corp.		22,564		706,539
TDK Corp.		13,169		1,436,652
TE Connectivity, Ltd.		19,500		1,714,635
Venture Corp., Ltd.		27,800		358,255
Yaskawa Electric Corp. (b)		24,391		723,538
Yokogawa Electric Corp.		23,255		491,973
				28,030,015
Energy Equipment & Services—0.2%
Baker Hughes a GE Co.		23,125		782,319
Halliburton Co.		48,750		1,975,838
Helmerich & Payne, Inc.		6,005		412,964
John Wood Group plc		68,866		692,569
National Oilwell Varco, Inc. (b)		21,205		913,511
Schlumberger, Ltd.		77,137		4,699,186
TechnipFMC plc		24,136		754,250
Tenaris S.A.		47,985		804,956
				11,035,593
Entertainment—0.8%
Activision Blizzard, Inc. (b)		42,404		3,527,589
DeNA Co., Ltd.		10,626		187,694
Electronic Arts, Inc. (a)		17,080		2,057,969
Konami Holdings Corp.		9,497		372,033
Netflix, Inc. (a)		24,281		9,084,251
Nexon Co., Ltd. (a)		44,749		585,059
Nintendo Co., Ltd.		11,517		4,203,619
Take-Two Interactive Software, Inc. (a)		6,327		873,063
Toho Co., Ltd.		11,561		362,796
Twenty-First Century Fox, Inc. - Class A		58,658		2,717,625
Twenty-First Century Fox, Inc. - Class B		24,425		1,119,153
UBISOFT Entertainment S.A. (a)		7,952		860,553
Viacom, Inc. - Class B		19,570		660,683
Vivendi S.A.		105,361		2,708,879
Walt Disney Co. (The)		82,785		9,680,878
				39,001,844
Equity Real Estate Investment Trusts—4.0%
Acadia Realty Trust		8,855		248,206
Activia Properties, Inc.		70		303,114
Advance Residence Investment Corp.		140		357,578
Aedifica S.A.		2,027		182,789
AEON REIT Investment Corp.		164		176,243
Agree Realty Corp.		3,350		177,952
Alexander’s, Inc.		234		80,332
Alexandria Real Estate Equities, Inc.		17,391		2,187,614
Allied Properties Real Estate Investment Trust		11,170		372,722

Security Description	Shares		Value
Equity Real Estate Investment Trusts—(Continued)
Alstria Office REIT-AG		17,600	$	261,153
American Assets Trust, Inc.		4,250		158,483
American Campus Communities, Inc.		15,127		622,627
American Homes 4 Rent Trust - Class A		28,674		627,674
American Tower Corp.		24,645		3,580,918
Americold Realty Trust (b)		9,500		237,690
Apartment Investment & Management Co. - Class A		26,065		1,150,248
Apple Hospitality REIT, Inc.		24,050		420,634
Artis Real Estate Investment Trust		15,200		138,273
Ascendas Real Estate Investment Trust		517,748		998,552
Ashford Hospitality Trust, Inc.		9,350		59,747
Assura plc		260,945		183,994
AvalonBay Communities, Inc.		23,088		4,182,391
Befimmo S.A.		2,150		122,872
Beni Stabili S.p.A. SIIQ		113,394		99,032
Big Yellow Group plc		16,200		193,734
Boardwalk Real Estate Investment Trust		4,250		165,078
Boston Properties, Inc.		25,812		3,177,199
Brandywine Realty Trust		19,476		306,163
British Land Co. plc (The)		204,008		1,638,917
Brixmor Property Group, Inc.		33,477		586,182
Brookfield Property REIT, Inc. Class A		17,323		362,570
BWP Trust		54,168		130,470
Camden Property Trust		9,866		923,162
Canadian Apartment Properties REIT		16,000		590,748
Capital & Regional plc		60,450		33,848
CapitaLand Commercial Trust, Ltd.		516,084		671,876
CapitaLand Mall Trust		506,137		824,163
CareTrust REIT, Inc.		8,850		156,734
CBL & Associates Properties, Inc. (b)		18,699		74,609
CDL Hospitality Trusts		86,732		101,633
Champion REIT		217,406		152,217
Charter Hall Retail REIT		37,223		114,093
Chatham Lodging Trust		4,950		103,406
Chesapeake Lodging Trust		6,557		210,283
Choice Properties Real Estate Investment Trust		25,368		237,055
Civitas Social Housing plc		38,950		55,843
Cofinimmo S.A.		2,295		286,176
Colony Capital, Inc. (b)		54,050		329,164
Columbia Property Trust, Inc.		13,100		309,684
Comforia Residential REIT, Inc.		59		138,842
Cominar Real Estate Investment Trust		20,181		182,178
Corporate Office Properties Trust		11,450		341,553
Cousins Properties, Inc.		46,408		412,567
Covivio		7,415		772,377
Crombie Real Estate Investment Trust		9,750		98,206
Cromwell Property Group		166,969		129,141
Crown Castle International Corp.		23,110		2,572,836
CubeSmart		20,577		587,062
Custodian REIT plc		39,713		62,632
CyrusOne, Inc.		10,900		691,060
Daiwa House REIT Investment Co.		370		846,349
Daiwa Office Investment Corp.		31		186,872
DDR Corp. (b)		16,925		226,626
Derwent London plc		11,150		415,006
Dexus		216,733		1,653,922
DiamondRock Hospitality Co.		22,850		266,659

BHFTI-6

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Equity Real Estate Investment Trusts—(Continued)
Digital Realty Trust, Inc.		34,401	$	3,869,424
Douglas Emmett, Inc.		17,840		672,925
Dream Global Real Estate Investment Trust		19,900		228,789
Dream Office Real Estate Investment Trust		5,550		103,940
Duke Realty Corp.		59,426		1,685,916
Easterly Government Properties, Inc.		6,675		129,295
EastGroup Properties, Inc.		3,879		370,910
Empire State Realty Trust, Inc. - Class A		15,179		252,123
Empiric Student Property plc		65,253		81,888
EPR Properties		8,197		560,757
Equinix, Inc.		4,417		1,912,075
Equity Commonwealth (a)		13,050		418,774
Equity Lifestyle Properties, Inc.		9,408		907,402
Equity Residential		60,383		4,000,978
Essex Property Trust, Inc.		11,049		2,725,899
Eurocommercial Properties NV		5,300		194,081
Extra Space Storage, Inc.		20,544		1,779,932
Federal Realty Investment Trust		12,191		1,541,796
First Industrial Realty Trust, Inc.		13,750		431,750
Forest City Realty Trust, Inc. - Class A		23,650		593,378
Fortune Real Estate Investment Trust		147,680		175,244
Four Corners Property Trust, Inc.		7,450		191,391
Franklin Street Properties Corp.		11,500		91,885
Frontier Real Estate Investment Corp.		49		190,783
Fukuoka REIT Corp.		80		123,782
Gaming and Leisure Properties, Inc.		22,396		789,459
GCP Student Living plc		42,854		83,112
Gecina S.A.		10,420		1,739,854
Getty Realty Corp.		3,615		103,244
Global Net Lease, Inc.		7,900		164,715
GLP J-REIT		376		365,376
Goodman Group		361,563		2,715,926
Government Properties Income Trust		10,885		122,892
GPT Group (The)		384,460		1,443,680
Gramercy Property Trust		17,706		485,853
Granite Real Estate Investment Trust		5,150		221,167
Great Portland Estates plc		31,280		272,777
Green REIT plc		76,601		134,078
H&R Real Estate Investment Trust		31,815		489,424
Hamborner REIT AG		8,450		89,272
Hammerson plc		169,086		1,005,764
Hansteen Holdings plc		44,771		56,559
HCP, Inc.		78,392		2,063,277
Healthcare Realty Trust, Inc.		13,660		399,692
Healthcare Trust of America, Inc. - Class A (b)		22,875		610,076
Hersha Hospitality Trust		3,912		88,685
Hibernia REIT plc		77,166		127,222
Highwoods Properties, Inc.		11,300		534,038
Hospitality Properties Trust		18,050		520,562
Host Hotels & Resorts, Inc.		122,630		2,587,493
Hudson Pacific Properties, Inc.		17,113		559,937
Hulic REIT, Inc.		109		158,735
Icade		6,946		643,645
Immobiliare Grande Distribuzione SIIQ S.p.A.		5,359		41,178
Independence Realty Trust, Inc.		9,600		101,088
Industrial & Infrastructure Fund Investment Corp.		173		174,476
Inmobiliaria Colonial Socimi S.A.		33,734		350,288

Security Description	Shares		Value
Equity Real Estate Investment Trusts—(Continued)
InterRent Real Estate Investment Trust		10,900	$	99,156
Intervest Offices & Warehouses NV		1,850		49,187
Intu Properties plc		98,611		199,387
Invesco Office J-REIT, Inc.		933		133,123
Investa Office Fund		60,713		242,256
Investors Real Estate Trust		13,213		79,014
Invincible Investment Corp.		508		212,357
Invitation Homes, Inc.		33,149		759,444
Irish Residential Properties REIT plc		40,497		69,475
Iron Mountain, Inc.		15,649		540,203
Japan Excellent, Inc.		133		176,295
Japan Hotel REIT Investment Corp.		446		324,609
Japan Logistics Fund, Inc.		97		190,807
Japan Prime Realty Investment Corp.		180		641,630
Japan Real Estate Investment Corp.		279		1,463,523
Japan Rental Housing Investments, Inc.		166		131,195
Japan Retail Fund Investment Corp.		561		1,017,620
JBG SMITH Properties		11,625		428,149
Kenedix Office Investment Corp.		42		267,991
Kenedix Residential Next Investment Corp.		95		145,406
Kenedix Retail REIT Corp.		57		122,048
Keppel REIT		218,532		190,255
Killam Apartment Real Estate Investment Trust		9,350		116,762
Kilroy Realty Corp.		10,763		771,599
Kimco Realty Corp. (b)		68,842		1,152,415
Kite Realty Group Trust		9,112		151,715
Kiwi Property Group, Ltd.		158,220		145,781
Klepierre		43,008		1,523,728
Land Securities Group plc		154,691		1,779,626
Lar Espana Real Estate Socimi S.A.		7,450		75,858
LaSalle Hotel Properties		12,200		421,998
Lexington Realty Trust		23,750		197,125
Liberty Property Trust		16,386		692,308
Life Storage, Inc.		5,116		486,839
Link REIT		459,641		4,522,379
LondonMetric Property plc		71,526		165,634
LTC Properties, Inc.		4,350		191,878
LXI REIT plc (b)		18,402		27,834
Macerich Co. (The)		21,176		1,170,821
Mack-Cali Realty Corp.		9,957		211,686
Mapletree Commercial Trust		212,241		249,964
Mapletree Industrial Trust		146,207		211,706
Mapletree Logistics Trust		228,094		205,216
MCUBS MidCity Investment Corp.		169		128,515
Medical Properties Trust, Inc. (b)		40,289		600,709
Mercialys S.A.		4,550		73,368
Merlin Properties Socimi S.A.		37,138		503,473
Mid-America Apartment Communities, Inc.		18,953		1,898,712
Mirvac Group		790,151		1,376,371
Monmouth Real Estate Investment Corp.		8,500		142,120
Montea SCA		900		58,887
Mori Hills REIT Investment Corp.		171		217,434
Mori Trust Sogo REIT, Inc.		110		156,843
National Health Investors, Inc.		4,500		340,155
National Retail Properties, Inc.		17,366		778,344
National Storage Affiliates Trust		6,250		159,000
New Senior Investment Group, Inc.		8,200		48,380

BHFTI-7

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Equity Real Estate Investment Trusts—(Continued)
NewRiver REIT plc (London Exchange)		33,261	$	111,791
Nippon Accommodations Fund, Inc.		50		222,887
Nippon Building Fund, Inc.		278		1,607,555
Nippon Prologis REIT, Inc.		390		771,990
NIPPON REIT Investment Corp.		48		155,259
Nomura Real Estate Master Fund, Inc.		852		1,165,587
Northview Apartment Real Estate Investment Trust		5,250		104,216
NorthWest Healthcare Properties Real Estate Investment Trust		9,950		86,354
NSI NV		1,921		79,066
Omega Healthcare Investors, Inc. (b)		21,770		713,403
Orix JREIT, Inc.		293		457,487
Paramount Group, Inc.		23,024		347,432
Park Hotels & Resorts, Inc.		22,335		733,035
Pebblebrook Hotel Trust (b)		7,500		272,775
Pennsylvania Real Estate Investment Trust (b)		7,550		71,423
Physicians Realty Trust		20,169		340,049
Piedmont Office Realty Trust, Inc. - Class A		14,150		267,859
Premier Investment Corp.		140		147,164
Primary Health Properties plc		79,853		119,148
ProLogis, Inc.		99,306		6,731,954
PS Business Parks, Inc.		2,200		279,598
Public Storage		24,897		5,019,982
QTS Realty Trust, Inc. - Class A		5,600		238,952
Ramco-Gershenson Properties Trust		8,728		118,701
RDI REIT plc		141,249		60,750
Realty Income Corp. (b)		48,036		2,732,768
Regency Centers Corp.		25,041		1,619,401
Regional REIT, Ltd. (144A)		35,388		44,723
Retail Estates NV		727		62,358
Retail Opportunity Investments Corp. (b)		12,235		228,427
Retail Properties of America, Inc. - Class A		24,300		296,217
Retail Value, Inc. (a)		1,697		55,475
Rexford Industrial Realty, Inc.		10,000		319,600
RioCan Real Estate Investment Trust		34,614		661,382
RLJ Lodging Trust		19,195		422,866
Ryman Hospitality Properties, Inc.		4,936		425,335
Sabra Health Care REIT, Inc. (b)		19,605		453,268
Safestore Holdings plc		22,690		153,949
Saul Centers, Inc.		1,303		72,968
SBA Communications Corp. (a)		6,472		1,039,597
Scentre Group		1,110,639		3,174,158
Segro plc		214,137		1,779,087
Sekisui House REIT, Inc.		392		248,066
Select Income REIT		6,955		152,593
Senior Housing Properties Trust		26,100		458,316
Seritage Growth Properties - Class A (b)		3,600		170,964
Shaftesbury plc		25,550		301,540
Shopping Centres Australasia Property Group		83,437		145,261
Simon Property Group, Inc.		51,525		9,107,044
SL Green Realty Corp. (b)		14,238		1,388,632
Smart Real Estate Investment Trust		13,100		309,434
Spirit MTA REIT		4,726		54,444
Spirit Realty Capital, Inc.		47,507		382,906
STAG Industrial, Inc.		11,585		318,587
Stockland		518,401		1,551,499
STORE Capital Corp.		20,512		570,028
Summit Hotel Properties, Inc.		11,400		154,242

Security Description	Shares		Value
Equity Real Estate Investment Trusts—(Continued)
Sun Communities, Inc.		9,271	$	941,377
Sunstone Hotel Investors, Inc.		25,156		411,552
Suntec Real Estate Investment Trust		433,378		611,641
Tanger Factory Outlet Centers, Inc. (b)		10,100		231,088
Target Healthcare REIT, Ltd.		37,711		56,287
Taubman Centers, Inc.		6,600		394,878
Terreno Realty Corp.		6,350		239,395
Tier REIT, Inc.		5,550		133,755
Tokyu REIT, Inc.		98		135,337
Triple Point Social Housing REIT plc (144A) (b)		18,703		26,083
Tritax Big Box REIT plc		163,985		315,110
UDR, Inc.		44,334		1,792,424
Unibail-Rodamco-Westfield		20,920		4,201,939
Unibail-Rodamco-Westfield (a)		7,614		1,531,306
UNITE Group plc (The)		28,900		336,244
United Urban Investment Corp.		618		969,881
Universal Health Realty Income Trust		1,426		106,109
Urban Edge Properties		12,050		266,064
Urstadt Biddle Properties, Inc. - Class A		3,250		69,193
Vastned Retail NV		2,007		76,391
Ventas, Inc.		59,372		3,228,649
VEREIT, Inc.		107,714		782,004
VICI Properties, Inc.		41,180		890,312
Vicinity Centres		691,409		1,309,299
Vornado Realty Trust		28,745		2,098,385
Warehouses De Pauw SCA		1,917		252,321
Washington Prime Group, Inc.		20,631		150,606
Washington Real Estate Investment Trust		8,694		266,471
Weingarten Realty Investors		13,258		394,558
Welltower, Inc.		62,096		3,994,015
Wereldhave Belgium NV		250		25,659
Wereldhave NV		4,450		156,215
Weyerhaeuser Co.		42,092		1,358,309
Workspace Group plc		14,800		189,164
WP Carey, Inc.		11,751		755,707
Xenia Hotels & Resorts, Inc.		12,400		293,880
Xior Student Housing NV		650		30,262
				187,268,129
Food & Staples Retailing—0.9%
Aeon Co., Ltd.		62,022		1,494,563
Carrefour S.A.		59,040		1,130,974
Casino Guichard Perrachon S.A. (b)		5,701		239,298
Colruyt S.A. (b)		6,132		346,821
Costco Wholesale Corp.		24,495		5,753,386
Dairy Farm International Holdings, Ltd.		34,300		308,638
FamilyMart UNY Holdings Co., Ltd.		7,726		802,282
ICA Gruppen AB (b)		8,259		262,102
J Sainsbury plc		178,056		746,179
Jeronimo Martins SGPS S.A.		25,653		377,795
Koninklijke Ahold Delhaize NV		126,697		2,905,071
Kroger Co. (The) (b)		45,260		1,317,519
Lawson, Inc.		5,127		312,216
METRO AG		18,123		283,962
Seven & i Holdings Co., Ltd.		76,566		3,410,262
Sundrug Co., Ltd.		7,549		269,247
Sysco Corp.		26,645		1,951,746

BHFTI-8

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Food & Staples Retailing—(Continued)
Tesco plc		988,632	$	3,088,220
Tsuruha Holdings, Inc.		3,739		460,369
Walgreens Boots Alliance, Inc.		47,495		3,462,385
Walmart, Inc. (f)		80,574		7,566,704
Wesfarmers, Ltd.		115,218		4,150,686
WM Morrison Supermarkets plc		227,421		768,542
Woolworths Group, Ltd.		132,585		2,683,932
				44,092,899
Food Products—1.3%
a2 Milk Co., Ltd. (a)		74,336		554,322
Ajinomoto Co., Inc.		46,489		797,832
Archer-Daniels-Midland Co.		31,155		1,566,162
Associated British Foods plc		36,202		1,080,288
Barry Callebaut AG		224		424,036
Calbee, Inc. (b)		8,224		270,527
Campbell Soup Co. (b)		10,690		391,575
Chocoladefabriken Lindt & Spruengli AG		11		901,985
Chocoladefabriken Lindt & Spruengli AG (Participation Certifcate)		107		749,814
Conagra Brands, Inc. (b)		21,840		741,905
Danone S.A.		61,340		4,748,733
General Mills, Inc.		32,960		1,414,643
Golden Agri-Resources, Ltd.		652,200		119,170
Hershey Co. (The)		7,765		792,030
Hormel Foods Corp. (b)		15,010		591,394
J.M. Smucker Co. (The) (b)		6,285		644,904
Kellogg Co.		13,855		970,127
Kerry Group plc - Class A		16,113		1,781,114
Kikkoman Corp.		14,965		890,550
Kraft Heinz Co. (The)		33,223		1,830,920
Marine Harvest ASA		42,338		980,802
McCormick & Co., Inc.		6,770		891,947
MEIJI Holdings Co., Ltd.		12,413		833,654
Mondelez International, Inc. - Class A		82,160		3,529,594
Nestle S.A.		316,249		26,345,465
NH Foods, Ltd.		9,279		342,584
Nisshin Seifun Group, Inc.		20,155		441,772
Nissin Foods Holdings Co., Ltd.		5,981		411,108
Orkla ASA		82,832		699,781
Toyo Suisan Kaisha, Ltd.		9,070		351,669
Tyson Foods, Inc. - Class A		16,550		985,221
WH Group, Ltd. (144A)		894,600		630,031
Wilmar International, Ltd.		195,139		458,981
Yakult Honsha Co., Ltd.		11,298		925,627
Yamazaki Baking Co., Ltd.		12,311		246,439
				59,336,706
Gas Utilities—0.1%
APA Group		119,893		867,278
Hong Kong & China Gas Co., Ltd.		938,022		1,856,513
Naturgy Energy Group S.A.		35,591		971,465
Osaka Gas Co., Ltd.		38,108		743,321
Toho Gas Co., Ltd.		7,609		289,523
Tokyo Gas Co., Ltd.		39,566		972,568
				5,700,668

Security Description	Shares		Value
Health Care Equipment & Supplies—1.4%
Abbott Laboratories (b)		97,670	$	7,165,071
ABIOMED, Inc. (a)		2,372		1,066,807
Align Technology, Inc. (a)		4,099		1,603,611
Baxter International, Inc.		27,400		2,112,266
Becton Dickinson & Co.		14,957		3,903,777
BioMerieux		4,227		352,159
Boston Scientific Corp. (a)		76,880		2,959,880
Cochlear, Ltd.		5,848		852,939
Coloplast A/S - Class B		12,072		1,233,672
ConvaTec Group plc (144A)		137,426		415,907
Cooper Cos., Inc. (The) (b)		2,776		769,368
CYBERDYNE, Inc. (a) (b)		11,165		88,166
Danaher Corp.		34,260		3,722,692
DENTSPLY SIRONA, Inc.		12,607		475,788
Edwards Lifesciences Corp. (a)		11,760		2,047,416
Essilor International Cie Generale d’Optique S.A.		21,154		3,128,037
Fisher & Paykel Healthcare Corp., Ltd.		58,046		579,081
Hologic, Inc. (a)		15,163		621,380
Hoya Corp.		38,825		2,304,881
IDEXX Laboratories, Inc. (a)		4,891		1,221,087
Intuitive Surgical, Inc. (a)		6,360		3,650,640
Koninklijke Philips NV		95,613		4,354,627
Medtronic plc		75,479		7,424,869
Olympus Corp.		29,600		1,155,617
ResMed, Inc.		7,983		920,759
Siemens Healthineers AG (144A) (a)		15,243		670,308
Smith & Nephew plc		88,911		1,620,328
Sonova Holding AG		5,643		1,122,751
Straumann Holding AG		1,049		788,504
Stryker Corp.		17,870		3,175,142
Sysmex Corp.		16,980		1,463,296
Terumo Corp.		30,872		1,829,058
Varian Medical Systems, Inc. (a) (b)		5,125		573,641
William Demant Holding A/S (a)		10,526		395,281
Zimmer Biomet Holdings, Inc.		11,335		1,490,212
				67,259,018
Health Care Providers & Services—1.2%
Aetna, Inc.		18,244		3,700,795
Alfresa Holdings Corp.		19,124		511,771
AmerisourceBergen Corp.		8,985		828,597
Anthem, Inc.		14,280		3,913,434
Cardinal Health, Inc.		17,230		930,420
Centene Corp. (a)		11,409		1,651,795
Chartwell Retirement Residences		23,450		265,790
Cigna Corp.		13,525		2,816,581
CVS Health Corp. (b)		56,615		4,456,733
DaVita, Inc. (a)		7,730		553,700
Envision Healthcare Corp. (a)		6,719		307,260
Express Scripts Holding Co. (a)		31,314		2,975,143
Fresenius Medical Care AG & Co. KGaA		21,917		2,253,928
Fresenius SE & Co. KGaA		42,276		3,104,093
HCA Healthcare, Inc.		15,569		2,165,959
Healthscope, Ltd.		176,625		267,791
Henry Schein, Inc. (a)		8,506		723,265
Humana, Inc.		7,700		2,606,604

BHFTI-9

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Health Care Providers & Services—(Continued)
Laboratory Corp. of America Holdings (a)		5,725	$	994,318
McKesson Corp.		11,255		1,492,976
Mediclinic International plc		37,102		207,221
Medipal Holdings Corp.		17,450		364,209
NMC Health plc		10,566		467,169
Quest Diagnostics, Inc.		7,505		809,865
Ramsay Health Care, Ltd.		14,375		570,685
Ryman Healthcare, Ltd.		40,260		373,553
Sonic Healthcare, Ltd.		40,812		737,217
Suzuken Co., Ltd.		7,394		350,754
UnitedHealth Group, Inc.		53,600		14,259,744
Universal Health Services, Inc. - Class B		4,900		626,416
WellCare Health Plans, Inc. (a)		2,755		882,950
				56,170,736
Health Care Technology—0.0%
Cerner Corp. (a)		17,560		1,131,039
M3, Inc.		42,786		970,149
				2,101,188
Hotels, Restaurants & Leisure—0.9%
Accor S.A.		19,111		979,716
Aristocrat Leisure, Ltd.		58,398		1,193,902
Carnival Corp.		22,620		1,442,477
Carnival plc		18,482		1,147,945
Chipotle Mexican Grill, Inc. (a)		1,415		643,146
Compass Group plc		160,907		3,577,740
Crown Resorts, Ltd.		38,133		376,411
Darden Restaurants, Inc.		6,875		764,431
Domino’s Pizza Enterprises, Ltd.		6,298		243,008
Flight Centre Travel Group, Ltd.		5,705		218,337
Galaxy Entertainment Group, Ltd.		241,071		1,509,350
Genting Singapore, Ltd.		608,600		471,088
GVC Holdings plc		56,133		671,966
Hilton Worldwide Holdings, Inc.		15,508		1,252,736
InterContinental Hotels Group plc		18,341		1,141,633
Marriott International, Inc. - Class A		16,507		2,179,419
McDonald’s Corp.		43,740		7,317,265
McDonald’s Holdings Co. Japan, Ltd.		6,793		298,047
Melco Resorts & Entertainment, Ltd. (ADR)		25,039		529,575
Merlin Entertainments plc (144A)		71,834		374,557
MGM China Holdings, Ltd.		95,500		149,626
MGM Resorts International		27,904		778,801
Norwegian Cruise Line Holdings, Ltd. (a)		11,427		656,253
Oriental Land Co., Ltd.		20,327		2,125,691
Paddy Power Betfair plc		8,597		733,583
Pandox AB		8,336		149,253
Royal Caribbean Cruises, Ltd.		9,414		1,223,255
Sands China, Ltd.		246,135		1,101,986
Shangri-La Asia, Ltd.		127,400		189,347
SJM Holdings, Ltd.		201,156		183,398
Sodexo S.A.		9,197		974,136
Starbucks Corp. (b)		76,860		4,368,722
Tabcorp Holdings, Ltd.		194,081		681,497
TUI AG		44,766		857,923
Whitbread plc		18,640		1,145,345

Security Description	Shares		Value
Hotels, Restaurants & Leisure—(Continued)
Wynn Macau, Ltd.		158,378	$	359,094
Wynn Resorts, Ltd.		4,750		603,535
Yum! Brands, Inc.		17,940		1,630,925
				44,245,119
Household Durables—0.5%
Barratt Developments plc		102,891		759,906
Berkeley Group Holdings plc		13,038		624,802
Casio Computer Co., Ltd. (b)		19,553		319,628
D.R. Horton, Inc.		19,050		803,529
Electrolux AB - Series B		24,447		537,761
Garmin, Ltd.		6,170		432,208
Husqvarna AB - B Shares		41,951		356,742
Iida Group Holdings Co., Ltd.		14,818		263,621
Leggett & Platt, Inc. (b)		7,280		318,791
Lennar Corp. - Class A		15,195		709,455
Mohawk Industries, Inc. (a)		3,560		624,246
Newell Brands, Inc. (b)		26,995		547,998
Nikon Corp.		32,589		612,339
Panasonic Corp.		224,345		2,613,876
Persimmon plc		31,389		966,690
PulteGroup, Inc.		14,580		361,147
Rinnai Corp.		3,430		261,014
SEB S.A.		2,301		391,441
Sekisui Chemical Co., Ltd.		38,145		703,839
Sekisui House, Ltd.		63,167		963,330
Sharp Corp.		17,723		359,805
Sony Corp.		128,630		7,888,576
Taylor Wimpey plc		332,912		744,031
Techtronic Industries Co., Ltd.		139,800		893,207
Whirlpool Corp.		3,630		431,063
				23,489,045
Household Products—0.6%
Church & Dwight Co., Inc. (b)		13,602		807,551
Clorox Co. (The)		7,215		1,085,208
Colgate-Palmolive Co.		48,550		3,250,423
Essity AB - Class B		61,615		1,547,480
Henkel AG & Co. KGaA		10,560		1,121,530
Kimberly-Clark Corp.		19,435		2,208,593
Lion Corp.		22,851		507,607
Procter & Gamble Co. (The) (f)		140,106		11,661,022
Reckitt Benckiser Group plc		67,943		6,206,885
Unicharm Corp.		41,007		1,354,451
				29,750,750
Independent Power and Renewable Electricity Producers—0.1%
AES Corp.		36,785		514,990
Electric Power Development Co., Ltd.		14,932		413,237
Meridian Energy, Ltd.		128,932		280,756
NRG Energy, Inc.		16,605		621,027
Uniper SE		20,453		628,938
				2,458,948

BHFTI-10

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Industrial Conglomerates—0.9%
3M Co. (b)		33,145	$	6,983,983
CK Hutchison Holdings, Ltd.		274,346		3,145,628
DCC plc		9,067		822,166
General Electric Co. (f)		483,872		5,462,915
Honeywell International, Inc.		41,660		6,932,224
Jardine Matheson Holdings, Ltd.		22,200		1,392,920
Jardine Strategic Holdings, Ltd.		22,500		816,690
Keihan Holdings Co., Ltd.		9,832		375,541
Keppel Corp., Ltd.		147,800		752,144
NWS Holdings, Ltd.		158,300		313,001
Roper Technologies, Inc.		5,790		1,715,056
Seibu Holdings, Inc.		22,691		408,079
Sembcorp Industries, Ltd.		99,900		225,456
Siemens AG		77,737		9,953,752
Smiths Group plc		40,215		783,828
Toshiba Corp. (a)		66,261		1,915,191
				41,998,574
Insurance—2.4%
Admiral Group plc		20,432		553,471
Aegon NV		181,010		1,174,170
Aflac, Inc.		43,070		2,027,305
Ageas		19,151		1,029,300
AIA Group, Ltd.		1,226,973		10,962,670
Allianz SE		44,737		9,965,956
Allstate Corp. (The)		19,565		1,931,066
American International Group, Inc.		49,971		2,660,456
Aon plc		13,580		2,088,332
Arthur J. Gallagher & Co.		10,142		754,971
Assicurazioni Generali S.p.A.		119,030		2,052,288
Assurant, Inc.		2,905		313,595
Aviva plc		407,813		2,598,172
AXA S.A.		197,156		5,293,255
Baloise Holding AG		4,959		755,604
Brighthouse Financial, Inc. (a) (g)		6,579		291,055
Chubb, Ltd.		25,967		3,470,230
Cincinnati Financial Corp. (b)		8,310		638,291
CNP Assurances		17,489		421,198
Dai-ichi Life Holdings, Inc.		109,566		2,280,957
Direct Line Insurance Group plc		139,723		589,282
Everest Re Group, Ltd.		2,328		531,878
Gjensidige Forsikring ASA		20,130		339,302
Hannover Rueck SE		6,128		865,579
Hartford Financial Services Group, Inc. (The)		19,940		996,202
Insurance Australia Group, Ltd.		240,580		1,272,760
Japan Post Holdings Co., Ltd.		160,046		1,904,363
Legal & General Group plc		605,492		2,066,764
Lincoln National Corp.		12,140		821,392
Loews Corp.		14,540		730,344
Mapfre S.A. (b)		108,200		337,581
Marsh & McLennan Cos., Inc.		28,250		2,336,840
Medibank Private, Ltd.		279,853		588,625
MetLife, Inc.		56,575		2,643,184
MS&AD Insurance Group Holdings, Inc.		48,231		1,605,880
Muenchener Rueckversicherungs-Gesellschaft AG		15,754		3,489,226
NN Group NV		31,164		1,388,270

Security Description	Shares		Value
Insurance—(Continued)
Poste Italiane S.p.A. (144A)		52,584	$	420,165
Principal Financial Group, Inc.		14,775		865,667
Progressive Corp. (The)		32,405		2,302,051
Prudential Financial, Inc.		23,430		2,373,928
Prudential plc		262,908		6,028,771
QBE Insurance Group, Ltd.		138,158		1,110,400
RSA Insurance Group plc		103,940		778,264
Sampo Oyj - A Shares		45,097		2,333,250
SCOR SE		16,714		775,767
Sompo Holdings, Inc.		33,766		1,438,020
Sony Financial Holdings, Inc.		17,784		391,998
Suncorp Group, Ltd.		131,697		1,372,081
Swiss Life Holding AG (a)		3,478		1,316,909
Swiss Re AG		31,960		2,947,421
T&D Holdings, Inc.		56,575		933,562
Tokio Marine Holdings, Inc.		68,411		3,394,638
Torchmark Corp.		5,855		507,570
Travelers Cos., Inc. (The)		15,080		1,956,027
Tryg A/S		12,381		308,146
Unum Group		12,295		480,366
Willis Towers Watson plc		7,367		1,038,305
Zurich Insurance Group AG		15,380		4,856,517
				111,699,637
Interactive Media & Services—1.4%
Alphabet, Inc. - Class A (a) (f)		16,690		20,146,165
Alphabet, Inc. - Class C (a) (f)		16,916		20,188,738
Auto Trader Group plc (144A)		96,767		563,265
Facebook, Inc. - Class A (a)		133,696		21,987,644
Kakaku.com, Inc.		13,830		270,519
LINE Corp. (a) (b)		7,272		306,914
REA Group, Ltd.		5,379		333,996
TripAdvisor, Inc. (a)		5,955		304,122
Twitter, Inc. (a)		36,476		1,038,107
Yahoo Japan Corp. (b)		303,342		1,091,915
				66,231,385
Internet & Direct Marketing Retail—1.2%
Amazon.com, Inc. (a)		23,024		46,117,072
Booking Holdings, Inc. (a)		2,695		5,346,880
Delivery Hero AG (144A) (a)		9,347		449,260
eBay, Inc. (a)		51,475		1,699,704
Expedia Group, Inc. (b)		6,735		878,783
Rakuten, Inc.		87,466		670,327
Start Today Co., Ltd.		20,585		623,208
Zalando SE (144A) (a)		11,313		439,770
				56,225,004
IT Services—1.7%
Accenture plc - Class A		35,795		6,092,309
Akamai Technologies, Inc. (a)		9,460		691,999
Alliance Data Systems Corp.		2,700		637,632
Amadeus IT Group S.A.		44,592		4,137,932
Atos SE		9,644		1,146,147
Automatic Data Processing, Inc.		24,595		3,705,483

BHFTI-11

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
IT Services—(Continued)
Broadridge Financial Solutions, Inc.		6,558	$	865,328
Capgemini SE		16,265		2,047,007
Cognizant Technology Solutions Corp. - Class A		32,650		2,518,947
Computershare, Ltd.		46,897		673,702
DXC Technology Co.		17,228		1,611,163
Fidelity National Information Services, Inc.		18,385		2,005,252
Fiserv, Inc. (a)		22,770		1,875,793
FleetCor Technologies, Inc. (a) (b)		5,023		1,144,440
Fujitsu, Ltd.		19,983		1,423,285
Gartner, Inc. (a) (b)		5,109		809,776
Global Payments, Inc.		8,837		1,125,834
International Business Machines Corp. (f)		51,294		7,756,166
MasterCard, Inc. - Class A		51,100		11,375,371
Nomura Research Institute, Ltd.		11,478		579,297
NTT Data Corp.		64,133		888,078
Obic Co., Ltd.		6,579		621,983
Otsuka Corp.		10,642		397,207
Paychex, Inc.		17,765		1,308,392
PayPal Holdings, Inc. (a)		62,175		5,461,452
Total System Services, Inc.		9,195		907,914
VeriSign, Inc. (a)		5,385		862,246
Visa, Inc. - Class A (b)		99,510		14,935,456
Western Union Co. (The) (b)		25,620		488,317
Wirecard AG		11,929		2,583,391
				80,677,299
Leisure Products—0.1%
Bandai Namco Holdings, Inc.		20,303		788,909
Hasbro, Inc. (b)		6,345		666,986
Mattel, Inc. (a) (b)		19,145		300,577
Sankyo Co., Ltd.		4,604		180,146
Sega Sammy Holdings, Inc.		17,418		256,837
Shimano, Inc.		7,538		1,214,911
Yamaha Corp.		14,031		743,388
				4,151,754
Life Sciences Tools & Services—0.4%
Agilent Technologies, Inc.		17,735		1,251,027
Eurofins Scientific SE		1,163		659,296
Illumina, Inc. (a) (b)		8,219		3,016,866
IQVIA Holdings, Inc. (a)		9,021		1,170,385
Lonza Group AG (a)		7,568		2,580,726
Mettler-Toledo International, Inc. (a)		1,489		906,771
PerkinElmer, Inc.		6,090		592,374
QIAGEN NV (a)		23,193		877,829
Thermo Fisher Scientific, Inc.		22,430		5,474,715
Waters Corp. (a)		4,390		854,645
				17,384,634
Machinery—1.3%
Alfa Laval AB		29,837		807,967
Alstom S.A. (b)		15,802		705,568
Amada Holdings Co., Ltd.		34,252		365,425
Andritz AG		7,428		433,361
Atlas Copco AB - A Shares		68,238		1,964,428
Atlas Copco AB - B Shares		39,653		1,056,881

Security Description	Shares		Value
Machinery—(Continued)
Caterpillar, Inc.		33,285	$	5,075,630
CNH Industrial NV		103,929		1,246,511
Cummins, Inc.		8,595		1,255,472
Daifuku Co., Ltd. (b)		10,293		524,721
Deere & Co.		18,115		2,723,228
Dover Corp.		8,600		761,358
Epiroc AB - Class A (a)		68,238		762,362
Epiroc AB - Class B (a)		39,653		408,089
FANUC Corp.		19,700		3,715,020
Flowserve Corp.		7,280		398,143
Fortive Corp.		17,030		1,433,926
GEA Group AG		17,605		627,108
Hino Motors, Ltd.		26,024		285,012
Hitachi Construction Machinery Co., Ltd.		10,967		366,762
Hoshizaki Corp.		5,519		571,327
IHI Corp.		14,932		565,744
Illinois Tool Works, Inc. (b)		17,000		2,399,040
Ingersoll-Rand plc		13,765		1,408,159
JTEKT Corp.		20,930		306,324
Kawasaki Heavy Industries, Ltd.		14,432		407,079
KION Group AG		7,200		442,555
Komatsu, Ltd.		93,830		2,855,217
Kone Oyj - Class B		34,370		1,834,912
Kubota Corp.		100,318		1,697,494
Kurita Water Industries, Ltd.		10,116		294,504
Makita Corp.		22,764		1,140,335
MAN SE		3,594		390,814
Metso Oyj		10,695		377,876
Minebea Mitsumi, Inc.		39,059		708,417
MISUMI Group, Inc.		28,798		744,528
Mitsubishi Heavy Industries, Ltd.		30,854		1,191,542
Nabtesco Corp.		11,492		305,548
NGK Insulators, Ltd.		26,649		439,634
NSK, Ltd.		36,411		417,380
PACCAR, Inc.		19,595		1,336,183
Parker-Hannifin Corp.		7,435		1,367,520
Pentair plc (b)		8,973		388,980
Sandvik AB		114,720		2,036,085
Schindler Holding AG		2,051		494,438
Schindler Holding AG (Participation Certificate)		4,138		1,030,294
SKF AB - B Shares		38,438		757,492
SMC Corp.		5,819		1,862,840
Snap-on, Inc. (b)		3,210		589,356
Stanley Black & Decker, Inc.		8,640		1,265,242
Sumitomo Heavy Industries, Ltd.		11,241		401,162
THK Co., Ltd.		12,269		312,410
Volvo AB - B Shares		159,134		2,810,383
Wartsila Oyj Abp		45,097		879,072
Weir Group plc (The)		24,481		562,502
Xylem, Inc.		9,940		793,908
Yangzijiang Shipbuilding Holdings, Ltd.		235,990		213,286
				60,516,554
Marine—0.1%
AP Moller - Maersk A/S - Class A		383		502,072
AP Moller - Maersk A/S - Class B		665		933,298
Kuehne & Nagel International AG		5,488		868,714

BHFTI-12

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Marine—(Continued)
Mitsui OSK Lines, Ltd.		11,725	$	342,073
Nippon Yusen KK		15,552		292,494
				2,938,651
Media—0.7%
Axel Springer SE		4,957		333,521
CBS Corp. - Class B		18,950		1,088,677
Charter Communications, Inc. - Class A (a) (b)		10,357		3,375,139
Comcast Corp. - Class A		255,804		9,058,020
CyberAgent, Inc.		10,278		546,827
Dentsu, Inc.		21,981		1,016,651
Discovery, Inc. - Class A (a) (b)		8,650		276,800
Discovery, Inc. - Class C (a)		18,965		560,985
DISH Network Corp. - Class A (a)		12,694		453,937
Eutelsat Communications S.A.		17,831		421,084
Hakuhodo DY Holdings, Inc.		23,477		411,786
Informa plc		127,120		1,261,647
Interpublic Group of Cos., Inc. (The) (b)		21,425		489,990
ITV plc		368,145		756,750
JCDecaux S.A.		7,647		279,652
News Corp. - Class A		21,321		281,224
News Corp. - Class B		6,756		91,882
Omnicom Group, Inc. (b)		12,585		856,032
Pearson plc		79,327		918,493
ProSiebenSat.1 Media SE		23,677		614,956
Publicis Groupe S.A.		21,092		1,257,983
RTL Group S.A.		304		21,670
RTL Group S.A. (Brussels Exchange) (b)		3,657		260,003
Schibsted ASA - B Shares		10,045		348,100
SES S.A.		37,017		811,962
Singapore Press Holdings, Ltd.		162,600		341,262
Sky plc		104,809		2,361,824
Telenet Group Holding NV (a)		5,411		297,912
WPP plc		129,047		1,886,469
				30,681,238
Metals & Mining—1.0%
Alumina, Ltd.		246,378		492,101
Anglo American plc		107,050		2,397,870
Antofagasta plc		40,072		445,511
ArcelorMittal		67,498		2,092,940
BHP Billiton plc		214,623		4,664,061
BHP Billiton, Ltd.		326,363		8,124,028
BlueScope Steel, Ltd.		56,262		688,501
Boliden AB		27,794		773,728
Fortescue Metals Group, Ltd.		158,207		448,352
Freeport-McMoRan, Inc.		75,000		1,044,000
Fresnillo plc		22,538		240,905
Glencore plc (a)		1,172,639		5,054,902
Hitachi Metals, Ltd.		21,795		269,879
JFE Holdings, Inc.		49,950		1,140,409
Kobe Steel, Ltd.		31,172		277,169
Maruichi Steel Tube, Ltd.		5,830		190,100
Mitsubishi Materials Corp.		10,689		318,694
Newcrest Mining, Ltd.		77,986		1,091,947
Newmont Mining Corp.		29,635		894,977

Security Description	Shares		Value
Metals & Mining—(Continued)
Nippon Steel & Sumitomo Metal Corp.		77,255	$	1,634,160
Norsk Hydro ASA		136,659		820,343
Nucor Corp.		17,640		1,119,258
Randgold Resources, Ltd.		9,587		679,965
Rio Tinto plc		122,113		6,160,860
Rio Tinto, Ltd.		41,909		2,373,821
South32, Ltd.		526,452		1,485,464
Sumitomo Metal Mining Co., Ltd.		23,642		829,356
ThyssenKrupp AG		44,282		1,118,639
Voestalpine AG		11,648		532,218
				47,404,158
Multi-Utilities—0.6%
AGL Energy, Ltd.		66,643		941,278
Ameren Corp.		13,560		857,263
CenterPoint Energy, Inc.		24,000		663,600
Centrica plc		569,098		1,147,951
CMS Energy Corp.		15,655		767,095
Consolidated Edison, Inc.		17,245		1,313,897
Dominion Energy, Inc. (b)		36,290		2,550,461
DTE Energy Co.		10,130		1,105,487
E.ON SE		223,669		2,280,087
Engie S.A.		185,600		2,726,267
Innogy SE (144A)		14,114		630,574
National Grid plc		342,231		3,528,876
NiSource, Inc.		18,750		467,250
Public Service Enterprise Group, Inc.		28,070		1,481,815
RWE AG		52,655		1,298,843
SCANA Corp.		7,940		308,787
Sempra Energy		14,720		1,674,400
Suez		38,006		539,661
Veolia Environnement S.A.		54,385		1,084,850
WEC Energy Group, Inc.		17,529		1,170,236
				26,538,678
Multiline Retail—0.2%
Dollar General Corp.		14,130		1,544,409
Dollar Tree, Inc. (a)		13,213		1,077,520
Don Quijote Holdings Co., Ltd.		12,057		610,158
Harvey Norman Holdings, Ltd.		55,765		141,892
Isetan Mitsukoshi Holdings, Ltd.		33,824		415,349
J Front Retailing Co., Ltd.		23,369		362,399
Kohl’s Corp. (b)		9,325		695,179
Macy’s, Inc. (b)		17,010		590,757
Marks & Spencer Group plc		165,101		620,811
Marui Group Co., Ltd. (b)		20,241		499,605
Next plc		14,580		1,043,259
Nordstrom, Inc. (b)		6,490		388,167
Ryohin Keikaku Co., Ltd.		2,426		720,778
Takashimaya Co., Ltd.		14,450		244,070
Target Corp.		29,690		2,618,955
				11,573,308
Oil, Gas & Consumable Fuels—3.5%
Aker BP ASA		10,978		465,864
Anadarko Petroleum Corp.		28,635		1,930,285

BHFTI-13

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Oil, Gas & Consumable Fuels—(Continued)
Andeavor		7,725	$	1,185,787
Apache Corp. (b)		21,195		1,010,366
BP plc		2,024,069		15,529,334
Cabot Oil & Gas Corp. (b)		25,090		565,027
Caltex Australia, Ltd.		26,503		572,808
Chevron Corp. (f)		106,500		13,022,820
Cimarex Energy Co.		5,315		493,976
Concho Resources, Inc. (a) (b)		10,605		1,619,914
ConocoPhillips		65,120		5,040,288
Devon Energy Corp.		29,120		1,163,053
Enagas S.A.		23,047		622,116
Eni S.p.A.		258,507		4,875,522
EOG Resources, Inc.		32,290		4,119,235
EQT Corp. (b)		14,010		619,662
Equinor ASA		118,192		3,331,719
Exxon Mobil Corp. (f)		235,848		20,051,797
Galp Energia SGPS S.A.		50,937		1,010,051
Hess Corp. (b)		14,570		1,042,921
HollyFrontier Corp.		9,767		682,713
Idemitsu Kosan Co., Ltd.		13,755		727,546
Inpex Corp.		104,017		1,294,683
JXTG Holdings, Inc.		330,821		2,495,098
Kinder Morgan, Inc.		105,630		1,872,820
Koninklijke Vopak NV		7,179		353,546
Lundin Petroleum AB		19,024		726,142
Marathon Oil Corp.		47,480		1,105,334
Marathon Petroleum Corp. (b)		25,710		2,056,029
Neste Oyj		13,028		1,075,799
Newfield Exploration Co. (a) (b)		11,100		320,013
Noble Energy, Inc.		26,900		839,011
Occidental Petroleum Corp.		42,645		3,504,140
Oil Search, Ltd.		139,344		905,395
OMV AG		14,966		840,129
ONEOK, Inc.		22,867		1,550,154
Origin Energy, Ltd. (a)		178,693		1,061,659
Phillips 66		23,340		2,630,885
Pioneer Natural Resources Co.		9,465		1,648,708
Repsol S.A. (b)		138,393		2,757,892
Royal Dutch Shell plc - A Shares		467,147		16,036,269
Royal Dutch Shell plc - B Shares		380,605		13,319,493
Santos, Ltd.		179,924		940,571
Showa Shell Sekiyu KK		19,163		406,058
Snam S.p.A.		231,220		961,420
Total S.A.		244,824		15,806,928
Valero Energy Corp.		24,015		2,731,706
Williams Cos., Inc. (The)		73,181		1,989,791
Woodside Petroleum, Ltd.		91,494		2,540,521
				161,452,998
Paper & Forest Products—0.1%
Mondi plc		37,318		1,021,786
OJI Holdings Corp.		87,616		636,160
Stora Enso Oyj - R Shares		55,995		1,069,450
UPM-Kymmene Oyj		54,237		2,125,034
				4,852,430

Security Description	Shares		Value
Personal Products—0.7%
Beiersdorf AG		10,243	$	1,155,727
Coty, Inc. - Class A (b)		26,319		330,567
Estee Lauder Cos., Inc. (The) - Class A		12,520		1,819,406
Kao Corp.		50,301		4,062,156
Kobayashi Pharmaceutical Co., Ltd.		5,003		368,100
Kose Corp.		3,079		586,658
L’Oreal S.A.		25,603		6,164,820
Pola Orbis Holdings, Inc.		9,333		340,871
Shiseido Co., Ltd.		38,615		2,990,251
Unilever NV		156,821		8,732,437
Unilever plc		125,169		6,874,409
				33,425,402
Pharmaceuticals — 3.8%
Allergan plc		18,908		3,601,596
Astellas Pharma, Inc.		199,716		3,484,297
AstraZeneca plc		128,688		10,025,612
Bayer AG		91,339		8,113,953
Bristol-Myers Squibb Co.		91,035		5,651,453
Chugai Pharmaceutical Co., Ltd.		22,750		1,461,763
Daiichi Sankyo Co., Ltd.		57,638		2,498,903
Eisai Co., Ltd.		25,616		2,494,157
Eli Lilly & Co.		53,230		5,712,111
GlaxoSmithKline plc		503,837		10,094,335
H Lundbeck A/S		7,084		436,998
Hisamitsu Pharmaceutical Co., Inc.		5,803		444,921
Ipsen S.A.		3,829		643,217
Johnson & Johnson (f)		149,420		20,645,361
Kyowa Hakko Kirin Co., Ltd.		26,361		494,547
Merck & Co., Inc. (f)		149,835		10,629,295
Merck KGaA		13,134		1,357,150
Mitsubishi Tanabe Pharma Corp.		25,672		429,457
Mylan NV (a)		28,685		1,049,871
Nektar Therapeutics (a) (b)		8,914		543,397
Novartis AG		222,691		19,186,708
Novo Nordisk A/S - Class B		179,487		8,449,172
Ono Pharmaceutical Co., Ltd.		38,649		1,093,315
Orion Oyj - Class B		10,649		403,139
Otsuka Holdings Co., Ltd.		39,680		2,000,411
Perrigo Co. plc (b)		7,153		506,432
Pfizer, Inc.		325,906		14,362,677
Recordati S.p.A.		10,660		359,860
Roche Holding AG		71,393		17,275,629
Sanofi		114,687		10,230,048
Santen Pharmaceutical Co., Ltd.		37,186		589,547
Shionogi & Co., Ltd.		28,429		1,856,680
Sumitomo Dainippon Pharma Co., Ltd. (b)		16,265		373,468
Taisho Pharmaceutical Holdings Co., Ltd.		3,664		447,984
Takeda Pharmaceutical Co., Ltd. (b)		72,348		3,097,803
Teva Pharmaceutical Industries, Ltd. (ADR)		98,165		2,114,474
UCB S.A.		12,848		1,153,143
Vifor Pharma AG		4,624		801,622
Zoetis, Inc.		26,940		2,466,626
				176,581,132

BHFTI-14

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Professional Services—0.5%
Adecco Group AG		16,523	$	866,681
Bureau Veritas S.A.		26,929		694,319
Equifax, Inc.		6,715		876,778
Experian plc		93,353		2,397,548
IHS Markit, Ltd. (a)		19,760		1,066,250
Intertek Group plc		16,400		1,066,301
Nielsen Holdings plc		18,633		515,389
Persol Holdings Co., Ltd.		18,100		424,450
Randstad NV		12,105		646,090
Recruit Holdings Co., Ltd.		112,020		3,736,178
RELX plc		107,559		2,263,129
RELX plc (a)		98,159		2,062,243
Robert Half International, Inc.		6,820		479,992
Seek, Ltd.		33,857		506,091
SGS S.A.		543		1,428,429
Teleperformance SE		5,872		1,107,673
Verisk Analytics, Inc. (a)		8,601		1,036,850
Wolters Kluwer NV		29,501		1,838,446
				23,012,837
Real Estate Management & Development—1.3%
ADLER Real Estate AG		3,219		56,747
ADO Properties S.A. (144A)		3,248		194,501
Aeon Mall Co., Ltd.		23,578		405,127
Allreal Holding AG (a)		1,582		254,104
Aroundtown S.A.		71,008		631,097
Azrieli Group, Ltd.		8,426		432,414
CA Immobilien Anlagen AG		7,682		274,496
Capital & Counties Properties plc		81,653		283,211
CapitaLand, Ltd.		540,410		1,330,272
Carmila S.A.		3,400		86,642
Castellum AB (b)		30,020		537,144
Catena AB		1,800		40,331
CBRE Group, Inc. - Class A (a)		16,815		741,541
City Developments, Ltd.		93,296		620,945
Citycon Oyj		42,704		89,020
CK Asset Holdings, Ltd.		562,683		4,198,908
D Carnegie & Co. AB (a)		4,007		76,732
Daejan Holdings plc		550		41,994
Daito Trust Construction Co., Ltd.		7,421		954,535
Daiwa House Industry Co., Ltd.		57,546		1,706,201
Deutsche Euroshop AG		5,700		184,509
Deutsche Wohnen SE		75,571		3,625,079
DIC Asset AG		4,900		53,917
Dios Fastigheter AB		9,322		59,684
Entra ASA (144A)		12,168		174,891
Fabege AB		29,350		406,480
Fastighets AB Balder - B Shares (a)		10,800		299,536
First Capital Realty, Inc.		17,200		259,668
Grainger plc		45,593		178,206
Grand City Properties S.A.		12,250		317,517
Hang Lung Group, Ltd.		89,000		236,546
Hang Lung Properties, Ltd.		429,205		839,108
Helical plc		10,954		47,109
Hemfosa Fastigheter AB		17,774		245,332
Henderson Land Development Co., Ltd.		264,307		1,328,047

Security Description	Shares		Value
Real Estate Management & Development—(Continued)
Hiag Immobilien Holding AG (a)		300	$	38,223
Hongkong Land Holdings, Ltd.		249,585		1,651,193
Hufvudstaden AB - A Shares		12,200		185,516
Hulic Co., Ltd.		69,482		682,000
Hysan Development Co., Ltd.		131,589		664,629
Kennedy-Wilson Holdings, Inc. (b)		13,827		297,280
Kerry Properties, Ltd.		66,200		224,580
Klovern AB - B Shares (b)		58,301		76,679
Kojamo Oyj (a)		9,655		105,540
Kungsleden AB		20,956		154,093
LEG Immobilien AG		7,050		836,958
Lend Lease Group		59,342		840,816
Mitsubishi Estate Co., Ltd.		251,613		4,279,287
Mitsui Fudosan Co., Ltd.		195,875		4,636,712
Mobimo Holding AG		676		159,752
New World Development Co., Ltd.		1,251,864		1,695,745
Nomura Real Estate Holdings, Inc.		25,807		521,025
NTT Urban Development Corp.		11,978		137,253
Phoenix Spree Deutschland, Ltd.		9,527		46,195
PSP Swiss Property AG		4,359		421,993
Sino Land Co., Ltd.		672,386		1,152,066
Sirius Real Estate, Ltd.		103,302		83,616
Sumitomo Realty & Development Co., Ltd.		84,346		3,028,683
Sun Hung Kai Properties, Ltd.		320,112		4,662,922
Swire Pacific, Ltd. - Class A		50,580		554,186
Swire Properties, Ltd.		235,009		890,197
Swiss Prime Site AG (a)		15,130		1,289,142
TAG Immobilien AG		14,050		334,405
Technopolis Oyj		15,710		85,041
TLG Immobilien AG		9,442		246,440
Tokyo Tatemono Co., Ltd.		42,721		521,110
Tokyu Fudosan Holdings Corp.		51,456		358,663
UOL Group, Ltd.		105,752		532,678
Victoria Park AB - B Shares		3,850		15,727
Vonovia SE		107,067		5,230,973
Wallenstam AB - B Shares		18,150		171,898
Wharf Holdings, Ltd. (The)		257,902		698,338
Wharf Real Estate Investment Co., Ltd.		258,726		1,669,428
Wheelock & Co., Ltd.		82,900		497,323
Wihlborgs Fastigheter AB		14,750		177,389
				61,067,285
Road & Rail—0.7%
Aurizon Holdings, Ltd.		202,744		601,667
Central Japan Railway Co.		14,654		3,051,413
ComfortDelGro Corp., Ltd.		217,700		386,484
CSX Corp.		48,770		3,611,419
DSV A/S		19,308		1,754,532
East Japan Railway Co.		31,352		2,912,923
Hankyu Hanshin Holdings, Inc.		23,256		824,837
J.B. Hunt Transport Services, Inc.		4,796		570,436
Kansas City Southern		5,690		644,563
Keikyu Corp.		22,417		408,663
Keio Corp.		10,451		572,226
Keisei Electric Railway Co., Ltd.		13,140		462,661
Kintetsu Group Holdings Co., Ltd.		17,437		701,437

BHFTI-15

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Road & Rail—(Continued)
Kyushu Railway Co.		16,262	$	494,701
MTR Corp., Ltd.		152,600		800,354
Nagoya Railroad Co., Ltd.		18,171		450,023
Nippon Express Co., Ltd.		7,606		498,727
Norfolk Southern Corp.		15,740		2,841,070
Odakyu Electric Railway Co., Ltd. (b)		29,957		708,829
Tobu Railway Co., Ltd.		19,673		581,756
Tokyu Corp.		50,798		929,011
Union Pacific Corp.		43,190		7,032,628
West Japan Railway Co.		16,734		1,166,725
				32,007,085
Semiconductors & Semiconductor Equipment—1.6%
Advanced Micro Devices, Inc. (a)		45,878		1,417,172
Analog Devices, Inc.		20,602		1,904,861
Applied Materials, Inc.		56,160		2,170,584
ASM Pacific Technology, Ltd.		30,800		313,621
ASML Holding NV		41,652		7,777,767
Broadcom, Inc.		24,259		5,985,423
Disco Corp.		2,921		488,172
Infineon Technologies AG		115,471		2,623,549
Intel Corp. (f)		259,570		12,275,065
KLA-Tencor Corp.		8,670		881,826
Lam Research Corp.		9,147		1,387,600
Microchip Technology, Inc. (b)		13,030		1,028,197
Micron Technology, Inc. (a) (b)		64,570		2,920,501
NVIDIA Corp.		33,870		9,518,147
NXP Semiconductors NV		35,614		3,044,997
Qorvo, Inc. (a)		7,023		539,999
QUALCOMM, Inc. (b)		82,605		5,950,038
Renesas Electronics Corp. (a)		84,707		529,442
Rohm Co., Ltd.		9,605		696,362
Skyworks Solutions, Inc.		10,171		922,611
STMicroelectronics NV		69,396		1,262,433
SUMCO Corp.		23,842		344,933
Texas Instruments, Inc.		54,530		5,850,524
Tokyo Electron, Ltd.		15,949		2,189,162
Xilinx, Inc.		14,080		1,128,794
				73,151,780
Software—2.2%
Adobe Systems, Inc. (a)		27,420		7,402,029
ANSYS, Inc. (a)		4,687		874,969
Autodesk, Inc. (a)		12,165		1,899,078
CA, Inc.		17,395		767,989
Cadence Design Systems, Inc. (a)		15,636		708,624
Check Point Software Technologies, Ltd. (a)		13,287		1,563,481
Citrix Systems, Inc. (a)		7,120		791,459
Dassault Systemes SE		13,169		1,965,408
Intuit, Inc.		13,595		3,091,503
Micro Focus International plc		44,304		820,935
Microsoft Corp. (f)		428,055		48,956,650
Nice, Ltd. (a)		6,191		709,590
Oracle Corp. (f)		165,960		8,556,898
Oracle Corp. Japan		3,930		316,827
Red Hat, Inc. (a)		9,935		1,353,942

Security Description	Shares		Value
Software—(Continued)
Sage Group plc (The)		110,092	$	840,621
Salesforce.com, Inc. (a)		42,523		6,762,433
SAP SE		99,870		12,291,136
Symantec Corp.		34,600		736,288
Synopsys, Inc. (a)		8,272		815,702
Temenos AG (a)		6,120		991,180
Trend Micro, Inc.		12,118		779,807
				102,996,549
Specialty Retail—1.0%
ABC-Mart, Inc.		3,406		189,451
Advance Auto Parts, Inc. (b)		4,170		701,936
AutoZone, Inc. (a)		1,485		1,151,915
Best Buy Co., Inc.		13,595		1,078,899
CarMax, Inc. (a)		9,850		735,500
Dufry AG (a) (b)		3,285		369,928
Fast Retailing Co., Ltd.		5,929		3,012,691
Foot Locker, Inc. (b)		6,544		333,613
Gap, Inc. (The)		12,040		347,354
Hennes & Mauritz AB - B Shares (b)		89,057		1,643,952
Hikari Tsushin, Inc.		2,192		433,375
Home Depot, Inc. (The)		64,270		13,313,530
Industria de Diseno Textil S.A.		110,847		3,351,774
Kingfisher plc		219,569		737,893
L Brands, Inc. (b)		13,490		408,747
Lowe’s Cos., Inc.		45,770		5,255,311
Nitori Holdings Co., Ltd.		8,141		1,167,526
O’Reilly Automotive, Inc. (a)		4,565		1,585,516
Ross Stores, Inc.		21,080		2,089,028
Shimamura Co., Ltd.		2,281		216,255
Tiffany & Co.		5,670		731,260
TJX Cos., Inc. (The)		34,950		3,915,099
Tractor Supply Co.		6,785		616,621
Ulta Salon Cosmetics & Fragrance, Inc. (a)		3,229		910,965
USS Co., Ltd.		22,336		414,666
Yamada Denki Co., Ltd. (b)		62,894		318,284
				45,031,089
Technology Hardware, Storage & Peripherals—1.6%
Apple, Inc. (f)		257,851		58,207,285
Brother Industries, Ltd.		22,649		447,291
Canon, Inc.		101,650		3,217,490
FUJIFILM Holdings Corp.		39,221		1,765,993
Hewlett Packard Enterprise Co.		85,010		1,386,513
HP, Inc.		91,410		2,355,635
Konica Minolta, Inc.		45,971		488,883
NEC Corp.		26,469		731,478
NetApp, Inc.		14,870		1,277,184
Ricoh Co., Ltd. (b)		68,126		731,630
Seagate Technology plc (b)		15,960		755,706
Seiko Epson Corp.		28,444		485,260
Western Digital Corp.		16,624		973,169
Xerox Corp.		11,915		321,467
				73,144,984

BHFTI-16

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Textiles, Apparel & Luxury Goods—0.9%
adidas AG		19,134	$	4,685,257
Asics Corp.		16,260		241,851
Burberry Group plc		42,504		1,116,203
Cie Financiere Richemont S.A.		53,044		4,318,463
Hanesbrands, Inc. (b)		20,022		369,005
Hermes International		3,219		2,130,178
Hugo Boss AG		6,439		495,809
Kering S.A.		7,700		4,117,353
Li & Fung, Ltd.		596,700		133,420
Luxottica Group S.p.A.		17,251		1,170,764
LVMH Moet Hennessy Louis Vuitton SE		28,335		10,004,097
Michael Kors Holdings, Ltd. (a)		8,297		568,842
Moncler S.p.A.		18,181		782,313
NIKE, Inc. - Class B		71,480		6,055,786
Pandora A/S		11,433		714,698
Puma SE		844		416,469
PVH Corp.		4,308		622,075
Ralph Lauren Corp.		3,095		425,717
Swatch Group AG (The)		5,675		441,844
Swatch Group AG (The) - Bearer Shares (b)		3,134		1,244,852
Tapestry, Inc.		15,950		801,806
Under Armour, Inc. - Class A (a) (b)		10,272		217,972
Under Armour, Inc. - Class C (a) (b)		10,456		203,474
VF Corp.		18,200		1,700,790
Yue Yuen Industrial Holdings, Ltd.		75,300		209,222
				43,188,260
Tobacco—0.7%
Altria Group, Inc.		105,425		6,358,182
British American Tobacco plc		233,073		10,881,300
Imperial Brands plc		96,916		3,370,602
Japan Tobacco, Inc.		111,779		2,918,233
Philip Morris International, Inc. (f)		86,605		7,061,772
Swedish Match AB		18,474		945,201
				31,535,290
Trading Companies & Distributors—0.5%
AerCap Holdings NV (a)		13,649		785,091
Ashtead Group plc		50,247		1,594,732
Brenntag AG		15,700		969,027
Bunzl plc		34,137		1,073,012
Fastenal Co. (b)		15,950		925,419
Ferguson plc		23,953		2,031,939
ITOCHU Corp.		143,631		2,629,879
Marubeni Corp.		158,943		1,455,169
Mitsubishi Corp.		137,342		4,232,790
Mitsui & Co., Ltd.		173,429		3,081,928
Rexel S.A.		30,861		463,180
Sumitomo Corp.		114,374		1,906,986
Toyota Tsusho Corp.		21,587		815,015
Travis Perkins plc		25,617		355,246
United Rentals, Inc. (a)		4,700		768,920
WW Grainger, Inc.		2,920		1,043,637
				24,131,970

Security Description	Shares/ Principal Amount*		Value
Transportation Infrastructure—0.2%
Aena SME S.A. (144A)		6,860	$	1,186,577
Aeroports de Paris		3,017		679,189
Atlantia S.p.A.		50,348		1,042,562
Auckland International Airport, Ltd.		96,461		466,771
Fraport AG Frankfurt Airport Services Worldwide		4,243		374,894
Getlink SE		47,506		606,718
Japan Airport Terminal Co., Ltd.		4,785		217,718
Kamigumi Co., Ltd.		10,925		240,809
SATS, Ltd.		68,500		261,465
Sydney Airport		112,192		559,167
Transurban Group		265,731		2,148,208
				7,784,078
Water Utilities—0.0%
American Water Works Co., Inc.		9,876		868,792
Severn Trent plc		24,009		578,195
United Utilities Group plc		69,291		635,384
				2,082,371
Wireless Telecommunication Services—0.5%
1&1 Drillisch AG		5,410		263,162
KDDI Corp.		184,034		5,084,930
Millicom International Cellular S.A.		6,736		386,639
NTT DoCoMo, Inc.		138,692		3,729,524
SoftBank Group Corp.		83,885		8,471,183
Tele2 AB - B Shares		36,801		442,190
Vodafone Group plc		2,710,605		5,811,452
				24,189,080
Total Common Stocks (Cost $2,063,683,000)				2,996,189,961
U.S. Treasury & Government Agencies—21.1%
Federal Agencies—0.6%
Federal Home Loan Mortgage Corp.
2.375%, 01/13/22 (b)		8,925,000		8,769,419
2.750%, 06/19/23		9,954,000		9,829,426
6.250%, 07/15/32 (b)		2,480,000		3,266,812
Federal National Mortgage Association
6.625%, 11/15/30		1,650,000		2,172,882
7.250%, 05/15/30		1,941,000		2,653,549
				26,692,088
U.S. Treasury—20.5%
U.S. Treasury Bonds
2.250%, 08/15/46		11,613,000		9,584,808
2.500%, 02/15/45		5,830,000		5,104,211
2.750%, 08/15/42		5,415,000		5,013,952
2.750%, 08/15/47		2,445,700		2,238,675
2.750%, 11/15/47		8,979,000		8,214,733
2.875%, 05/15/43		5,779,000		5,462,058
2.875%, 08/15/45		31,698,000		29,833,266

BHFTI-17

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

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

Security Description	Principal Amount*		Value
U.S. Treasury—(Continued)
U.S. Treasury Bonds
3.000%, 05/15/45		1,395,000	$	1,345,521
3.000%, 02/15/47		3,410,000		3,284,389
3.000%, 05/15/47		3,783,000		3,641,729
3.000%, 02/15/48		1,515,000		1,457,359
3.000%, 08/15/48 (b)		6,682,000		6,426,988
3.125%, 11/15/41		7,070,000		6,998,471
3.125%, 02/15/42		5,645,000		5,586,565
3.125%, 02/15/43		8,925,000		8,814,832
3.625%, 08/15/43		26,548,000		28,473,767
3.750%, 08/15/41		8,025,000		8,757,281
3.750%, 11/15/43		519,000		568,102
4.375%, 05/15/41		7,495,000		8,932,810
4.500%, 08/15/39		318,000		383,016
5.500%, 08/15/28		5,990,000		7,231,755
6.000%, 02/15/26 (h)		33,774,000		40,428,533
6.125%, 11/15/27		7,239,000		9,007,748
6.250%, 08/15/23		4,620,000		5,311,737
6.250%, 05/15/30		1,815,000		2,377,225
6.375%, 08/15/27		2,790,000		3,510,278
6.875%, 08/15/25		2,640,000		3,272,363
U.S. Treasury Notes
1.000%, 08/31/19		19,357,000		19,071,938
1.125%, 02/28/21		10,400,000		9,981,969
1.125%, 09/30/21 (b)		7,998,000		7,596,538
1.250%, 03/31/21		24,650,000		23,700,590
1.250%, 10/31/21		21,327,200		20,302,495
1.375%, 03/31/20		25,304,000		24,790,012
1.375%, 08/31/20		17,945,000		17,464,831
1.375%, 10/31/20		31,271,000		30,351,193
1.375%, 05/31/21		6,338,000		6,096,364
1.375%, 08/31/23		8,951,000		8,309,745
1.500%, 05/31/19		1,034,000		1,027,214
1.500%, 11/30/19		36,088,000		35,593,200
1.500%, 05/31/20		9,830,000		9,624,568
1.625%, 06/30/20		13,695,000		13,421,100
1.625%, 07/31/20		7,875,000		7,708,887
1.625%, 11/15/22 (h) (i)		48,926,000		46,451,032
1.625%, 02/15/26		11,320,000		10,274,669
1.750%, 03/31/22		6,370,000		6,125,651
1.750%, 05/15/22		8,447,000		8,110,440
1.750%, 05/31/22		6,444,000		6,184,226
1.750%, 06/30/22		5,502,000		5,275,687
1.750%, 05/15/23 (i)		58,767,000		55,746,009
1.875%, 11/30/21		13,250,100		12,846,904
1.875%, 08/31/22		11,326,000		10,887,117
1.875%, 10/31/22		8,498,000		8,154,761
2.000%, 02/15/22		22,105,600		21,467,473
2.000%, 07/31/22		6,273,500		6,064,955
2.000%, 11/30/22 (b)		8,542,000		8,231,018
2.000%, 02/15/23		18,174,000		17,476,147
2.000%, 08/15/25		17,740,000		16,626,399
2.000%, 11/15/26		4,620,000		4,275,485
2.125%, 08/15/21		19,150,000		18,752,787
2.125%, 12/31/22		8,530,000		8,253,775
2.125%, 11/30/23		10,404,000		9,991,498
2.125%, 05/15/25		36,853,000		34,903,822
2.250%, 11/15/24		16,668,500		15,975,715

Security Description	Principal Amount*		Value
U.S. Treasury—(Continued)
U.S. Treasury Notes
2.250%, 11/15/25		9,607,000	$	9,138,283
2.250%, 02/15/27 (b)		10,237,000		9,637,576
2.250%, 08/15/27		5,941,000		5,572,240
2.250%, 11/15/27		15,786,000		14,777,176
2.375%, 05/15/27 (b)		6,780,500		6,438,561
2.625%, 08/15/20		7,910,000		7,882,191
2.625%, 11/15/20 (b)		19,940,000		19,849,647
2.750%, 02/15/19		833,000		834,204
2.750%, 11/15/23		19,521,000		19,335,703
2.750%, 02/15/28		2,396,000		2,336,755
2.875%, 05/15/28		4,159,000		4,096,777
2.875%, 08/15/28		582,300		573,475
3.500%, 05/15/20		9,995,000		10,105,882
3.625%, 02/15/20		19,481,000		19,708,532
3.625%, 02/15/21 (i)		39,022,000		39,697,264
				958,362,652
Total U.S. Treasury & Government Agencies (Cost $1,014,535,716)				985,054,740
Foreign Government—8.4%
Sovereign—8.4%
Australia Government Bonds
2.750%, 04/21/24 (AUD)		10,316,000		7,602,211
3.750%, 04/21/37 (AUD)		2,170,000		1,737,562
4.750%, 04/21/27 (AUD)		661,000		555,589
5.750%, 05/15/21 (AUD)		2,345,000		1,853,765
Austria Government Bonds
0.750%, 10/20/26 (144A) (EUR)		2,549,000		3,015,506
3.150%, 06/20/44 (144A) (EUR)		1,119,000		1,817,408
3.400%, 11/22/22 (144A) (EUR)		1,740,000		2,315,698
4.150%, 03/15/37 (144A) (EUR)		145,000		252,287
Belgium Government Bonds
2.600%, 06/22/24 (144A) (EUR)		905,000		1,192,754
3.750%, 09/28/20 (144A) (EUR)		3,495,000		4,398,570
4.250%, 09/28/21 (144A) (EUR)		900,000		1,188,103
4.250%, 03/28/41 (144A) (EUR)		1,455,000		2,563,029
5.000%, 03/28/35 (144A) (EUR)		355,000		639,760
5.500%, 03/28/28 (EUR)		2,403,500		4,011,594
Bundesrepublik Deutschland
0.500%, 02/15/26 (EUR)		6,958,002		8,263,187
1.500%, 05/15/24 (EUR)		1,965,000		2,476,278
2.000%, 01/04/22 (EUR)		1,505,000		1,883,243
2.000%, 08/15/23 (EUR)		1,170,000		1,499,771
2.500%, 01/04/21 (EUR)		2,715,000		3,369,196
2.500%, 07/04/44 (EUR)		2,227,000		3,451,566
3.250%, 07/04/42 (EUR)		629,000		1,086,742
4.250%, 07/04/39 (EUR)		1,955,000		3,717,825
5.500%, 01/04/31 (EUR)		1,774,300		3,263,184
Canadian Government Bonds
1.500%, 06/01/26 (CAD)		3,802,000		2,757,432
2.750%, 06/01/22 (CAD)		1,870,000		1,471,388
3.500%, 12/01/45 (CAD)		1,275,000		1,195,202
4.000%, 06/01/41 (CAD)		975,000		958,424
5.750%, 06/01/29 (CAD)		385,000		390,639

BHFTI-18

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Foreign Government—(Continued)

Security Description	Principal Amount*		Value
Sovereign—(Continued)
Canadian Government Bonds
5.750%, 06/01/33 (CAD)		245,000	$	266,597
Denmark Government Bonds
1.500%, 11/15/23 (DKK)		9,368,700		1,576,093
4.500%, 11/15/39 (DKK)		4,060,000		1,081,256
Finland Government Bonds
0.500%, 04/15/26 (144A) (EUR)		1,819,000		2,121,860
3.500%, 04/15/21 (144A) (EUR)		1,500,000		1,914,514
France Government Bond OAT
Zero Coupon, 05/25/21 (EUR)		7,055,000		8,263,286
Zero Coupon, 05/25/22 (EUR)		1,450,000		1,694,394
0.500%, 05/25/26 (EUR)		4,320,000		5,028,924
1.000%, 11/25/25 (EUR)		7,627,365		9,239,990
1.250%, 05/25/36 (144A) (EUR)		2,382,500		2,745,229
1.750%, 05/25/23 (EUR)		545,000		684,473
2.250%, 05/25/24 (EUR)		3,550,000		4,605,600
2.500%, 05/25/30 (EUR)		5,411,900		7,379,267
3.250%, 05/25/45 (EUR)		4,898,000		7,779,634
French Republic Government Bond OAT
1.000%, 11/25/18 (EUR)		16,524,571		19,227,648
Ireland Government Bonds
2.000%, 02/18/45 (EUR)		448,000		544,050
5.400%, 03/13/25 (EUR)		2,211,000		3,362,878
Italy Buoni Poliennali Del Tesoro
3.250%, 09/01/46 (144A) (EUR)		3,051,000		3,339,079
3.750%, 09/01/24 (EUR)		13,635,000		16,773,053
5.000%, 08/01/39 (EUR)		4,874,000		6,788,500
5.250%, 11/01/29 (EUR)		5,348,300		7,404,022
Japan Government Five Year Bond
0.100%, 12/20/19 (JPY)		139,400,000		1,230,172
Japan Government Forty Year Bond
1.700%, 03/20/54 (JPY)		25,750,000		274,892
Japan Government Ten Year Bonds
0.100%, 09/20/26 (JPY)		2,292,500,000		20,247,928
0.500%, 12/20/24 (JPY)		555,750,000		5,046,212
0.800%, 09/20/22 (JPY)		1,675,100,000		15,255,912
0.800%, 12/20/22 (JPY)		317,250,000		2,895,234
Japan Government Thirty Year Bonds
0.500%, 09/20/46 (JPY)		887,650,000		7,130,887
1.800%, 09/20/43 (JPY)		626,400,000		6,768,119
1.900%, 09/20/42 (JPY)		376,650,000		4,134,398
2.300%, 03/20/40 (JPY)		642,500,000		7,447,956
Japan Government Twenty Year Bonds
0.500%, 09/20/36 (JPY)		1,109,800,000		9,671,142
1.400%, 12/20/22 (JPY)		396,500,000		3,705,785
1.500%, 03/20/33 (JPY)		230,600,000		2,349,413
1.700%, 12/20/31 (JPY)		561,250,000		5,826,636
1.700%, 09/20/32 (JPY)		182,400,000		1,901,153
1.700%, 09/20/33 (JPY)		418,500,000		4,376,496
2.100%, 06/20/29 (JPY)		555,050,000		5,877,023
2.100%, 12/20/29 (JPY)		239,500,000		2,548,519
2.500%, 12/21/20 (JPY)		808,300,000		7,525,044
Kingdom of Belgium Government Bond
1.600%, 06/22/47 (144A) (EUR)		821,000		927,825
Mexican Bonos
6.500%, 06/10/21 (MXN)		43,260,000		2,241,087
10.000%, 11/20/36 (MXN)		31,839,800		2,011,331

Security Description	Shares/ Principal Amount*		Value
Sovereign—(Continued)
Netherlands Government Bonds
2.250%, 07/15/22 (144A) (EUR)		2,130,000	$	2,707,761
3.750%, 01/15/42 (144A) (EUR)		1,241,600		2,266,127
5.500%, 01/15/28 (EUR)		2,930,000		4,956,652
Norway Government Bond
3.000%, 03/14/24 (144A) (NOK)		10,370,000		1,363,724
Poland Government Bonds
5.500%, 10/25/19 (PLN)		3,610,000		1,022,057
5.750%, 04/25/29 (PLN)		3,940,000		1,313,725
Republic of South Africa Government Bonds
6.500%, 02/28/41 (ZAR)		6,815,000		335,901
10.500%, 12/21/26 (ZAR)		29,175,000		2,234,558
Singapore Government Bonds
2.125%, 06/01/26 (SGD)		2,125,000		1,521,022
2.250%, 06/01/21 (SGD)		865,000		635,850
Spain Government Bonds
1.950%, 04/30/26 (144A) (EUR)		5,390,000		6,628,264
2.750%, 10/31/24 (144A) (EUR)		3,192,000		4,133,161
2.900%, 10/31/46 (144A) (EUR)		1,182,000		1,478,470
4.200%, 01/31/37 (144A) (EUR)		1,045,000		1,599,976
4.400%, 10/31/23 (144A) (EUR)		1,028,000		1,419,454
4.700%, 07/30/41 (144A) (EUR)		2,112,000		3,481,389
4.850%, 10/31/20 (144A) (EUR)		8,313,000		10,643,893
6.000%, 01/31/29 (EUR)		1,686,000		2,794,783
Sweden Government Bonds
1.000%, 11/12/26 (SEK)		7,400,000		868,526
1.500%, 11/13/23 (144A) (SEK)		3,330,000		401,286
5.000%, 12/01/20 (SEK)		8,685,000		1,093,361
Switzerland Government Bond
4.000%, 02/11/23 (CHF)		415,000		504,182
United Kingdom Gilt
1.750%, 09/07/22 (GBP)		2,345,178		3,139,237
2.000%, 09/07/25 (GBP)		7,138,685		9,737,599
2.250%, 09/07/23 (GBP)		1,170,000		1,605,018
2.750%, 09/07/24 (GBP)		2,745,000		3,886,243
3.250%, 01/22/44 (GBP)		3,265,000		5,366,689
4.250%, 09/07/39 (GBP)		971,000		1,779,689
4.250%, 12/07/46 (GBP)		5,085,000		9,961,940
4.500%, 12/07/42 (GBP)		439,000		857,897
8.000%, 06/07/21 (GBP)		1,170,000		1,811,586
Total Foreign Government (Cost $405,649,682)				391,691,444
Mutual Funds—3.1%
Investment Company Securities—3.1%
F&C Commercial Property Trust, Ltd. (b)		58,569		106,532
F&C UK Real Estate Investment, Ltd.		26,692		33,266
iShares Core MSCI Emerging Markets ETF (b)		866,812		44,883,525
iShares Core S&P 500 ETF (b)		108,726		31,827,362
iShares International Developed Real Estate ETF		4,539		130,042
iShares U.S. Real Estate ETF (b)		1,638		131,073
MedicX Fund, Ltd.		49,313		52,703
Picton Property Income, Ltd. (The)		60,056		68,885
Schroder Real Estate Investment Trust, Ltd.		57,699		45,034

BHFTI-19

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Mutual Funds—(Continued)

Security Description	Shares/ Principal Amount*		Value
Investment Company Securities—(Continued)
Standard Life Investment Property Income Trust, Ltd.		44,874	$	52,758
UK Commercial Property Trust, Ltd.		72,672		82,846
Vanguard REIT ETF (b)		852,129		68,749,768
Total Mutual Funds (Cost $149,624,856)				146,163,794
Preferred Stocks—0.2%
Auto Components—0.0%
Schaeffler AG		16,971		216,365
Automobiles—0.1%
Bayerische Motoren Werke (BMW) AG		5,606		440,014
Porsche Automobil Holding SE		15,560		1,047,652
Volkswagen AG		18,859		3,310,608
				4,798,274
Chemicals—0.0%
FUCHS Petrolub SE		7,091		396,054
Health Care Equipment & Supplies—0.0%
Sartorius AG		3,615		586,716
Household Products—0.1%
Henkel AG & Co. KGaA		18,105		2,125,356
Total Preferred Stocks (Cost $7,483,210)				8,122,765
Rights—0.0%
Equity Real Estate Investment Trusts—0.0%
LXI REIT plc (a) (d)		4,155		176
Triple Point Social Housing REIT plc (a) (d)		6,234		325
				501
Multiline Retail—0.0%
Harvey Norman Holdings, Ltd., Expires 10/15/18 (a)		3,280		1,897
Total Rights (Cost $0)				2,398
Short-Term Investments—2.3%
Repurchase Agreement—1.3%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $61,643,414; collateralized by U.S. Treasury Notes with rates ranging from 2.125% - 2.375%, maturity dates ranging from 07/31/24 - 08/15/24, and an aggregate market value of $62,874,310.		61,638,277		61,638,277

Security Description	Principal Amount*		Value
U.S. Treasury—1.0%
U.S. Treasury Bill
2.033%, 11/23/18 (j)		47,000,000	$	46,854,086
Total Short-Term Investments (Cost $108,497,363)				108,492,363
Securities Lending Reinvestments (k)—6.5%
Certificates of Deposit—1.6%
Banco Santander S.A.
2.340%, 11/07/18		2,999,924		3,000,246
Bank of Montreal (Chicago)
2.371%, 3M LIBOR + 0.030%, 11/06/18 (l)		2,000,000		1,999,996
Barclays Bank plc
2.304%, 1M LIBOR + 0.200%, 02/04/19 (l)		5,000,000		4,998,985
Credit Agricole S.A.
2.463%, 1M LIBOR + 0.330%, 10/09/18 (l)		5,000,000		5,000,200
Credit Industriel et Commercial
Zero Coupon, 01/25/19		4,936,141		4,960,150
Industrial & Commercial Bank of China, Ltd.
2.500%, 10/24/18		5,000,000		5,000,065
2.530%, 12/24/18		1,000,000		999,978
Landesbank Baden-Wuettertemberg
2.180%, 10/02/18		10,000,000		10,000,020
Natixis S.A. New York
2.431%, 3M LIBOR + 0.090%, 05/10/19 (l)		4,000,000		3,999,684
Standard Chartered plc
2.396%, 1M LIBOR + 0.180%, 02/25/19 (l)		10,000,000		9,998,830
Sumitomo Mitsui Banking Corp.
2.321%, 1M LIBOR + 0.190%, 04/11/19 (l)		5,000,000		4,999,765
Sumitomo Mitsui Trust Bank, Ltd.
2.443%, 3M LIBOR + 0.110%, 10/11/18 (l)		5,000,000		5,000,035
2.502%, 1M LIBOR + 0.320%, 11/21/18 (l)		3,000,000		3,000,000
Wells Fargo Bank N.A.
2.475%, 3M LIBOR + 0.140%, 10/26/18 (l)		8,000,000		8,001,327
Westpac Banking Corp.
2.630%, FEDEFF PRV + 0.450%, 02/15/19 (l)		3,500,000		3,501,859
				74,461,140
Commercial Paper—0.6%
Bank of China, Ltd.
2.510%, 11/02/18		1,987,311		1,995,600
2.550%, 10/19/18		4,969,188		4,993,580
2.550%, 12/20/18		4,968,125		4,971,235
Mont Blanc Capital Corp.
2.310%, 12/14/18		4,970,483		4,974,505
Sheffield Receivables Co.
2.490%, 11/26/18		2,467,319		2,490,398
UBS AG
2.534%, 1M LIBOR + 0.430%, 02/01/19 (l)		2,000,000		2,001,846
Westpac Banking Corp.
2.492%, 1M LIBOR + 0.280%, 05/24/19 (l)		5,000,000		5,002,770
				26,429,934

BHFTI-20

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (k)—(Continued)

Security Description	Principal Amount*		Value
Master Demand Notes—0.0%
Natixis Financial Products LLC
2.420%, OBFR + 0.250%, 10/01/18 (l)		2,000,000	$	2,000,000
Repurchase Agreements—3.0%
Citigroup Global Markets, Inc.
Repurchase Agreement dated 05/03/18 at 2.440%, due on 10/05/18 with a maturity value of $10,105,056; collateralized by U.S. Treasury Obligations with rates ranging from 1.625% - 2.250%, maturity dates ranging from 11/30/19 - 11/15/27, and various Common Stock with an aggregate market value of $10,542,861.		10,000,000		10,000,000
Repurchase Agreement dated 07/25/18 at 2.570%, due on 11/02/18 with a maturity value of $1,007,139; collateralized by various Common Stock with an aggregate market value of $1,100,000.		1,000,000		1,000,000
Repurchase Agreement dated 01/25/17 at 2.720%, due on 12/31/18 with a maturity value of $7,899,500; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 2.220%, maturity dates ranging from 11/01/18 - 04/30/20, and an aggregate market value of $7,650,000.		7,500,000		7,500,000
Citigroup Global Markets, Ltd.
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $6,601,232; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.625% - 2.875%, maturity dates ranging from 01/15/19 - 02/15/43, and an aggregate market value of $6,732,001.		6,600,000		6,600,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $4,300,803; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 1.750% - 2.875%, maturity dates ranging from 10/15/20 - 05/15/27, and an aggregate market value of $4,386,003.		4,300,000		4,300,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $6,201,157; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.375% - 3.125%, maturity dates ranging from 12/17/18 - 02/15/43, and an aggregate market value of $6,324,000.		6,200,000		6,200,000
Deutsche Bank AG, London Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $3,871,609; collateralized by various Common Stock with an aggregate market value of $4,230,626.		3,800,000		3,800,000
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $4,116,261; collateralized by various Common Stock with an aggregate market value of $4,556,108.		4,100,000		4,100,000
Macquarie Bank, Ltd., London Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $3,734,623; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 5.500%, maturity dates ranging from 08/31/19 - 05/15/48, and an aggregate market value of $3,805,714.		3,733,939		3,733,939

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 10/26/16 at 2.720%, due on 12/31/18 with a maturity value of $3,180,427; collateralized by various Common Stock with an aggregate market value of $3,300,000.		3,000,000	$	3,000,000
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $7,003,362; collateralized by various Common Stock with an aggregate market value of $7,701,500.		7,000,000		7,000,000
NBC Global Finance, Ltd.
Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $7,240,758; collateralized by various Common Stock with an aggregate market value of $7,899,852.		7,100,000		7,100,000
Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $6,584,078; collateralized by various Common Stock with an aggregate market value of $7,232,258.		6,500,000		6,500,000
Repurchase Agreement dated 07/18/18 at 2.370%, due on 10/05/18 with a maturity value of $3,015,603; collateralized by various Common Stock with an aggregate market value of $3,338,232.		3,000,000		3,000,000
Repurchase Agreement dated 07/19/18 at 2.370%, due on 10/05/18 with a maturity value of $7,035,945; collateralized by various Common Stock with an aggregate market value of $7,789,209.		7,000,000		7,000,000
Societe Generale
Repurchase Agreement dated 03/16/18 at 2.310%, due on 10/01/18 with a maturity value of $11,545,569; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $12,661,392.		11,400,000		11,400,000
Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $15,179,988; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $16,659,726.		15,000,000		15,000,000
Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $10,132,825; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $11,106,484.		10,000,000		10,000,000
Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $7,087,138; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $7,774,539.		7,000,000		7,000,000

BHFTI-21

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (k)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Societe Generale
Repurchase Agreement dated 07/10/18 at 2.340%, due on 10/05/18 with a maturity value of $5,229,406; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $5,775,372.		5,200,000	$	5,200,000
Repurchase Agreement dated 04/18/18 at 2.340%, due on 10/05/18 with a maturity value of $3,033,150; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $3,331,945.		3,000,000		3,000,000
Repurchase Agreement dated 05/10/18 at 2.340%, due on 10/05/18 with a maturity value of $8,076,960; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $8,885,187.		8,000,000		8,000,000
				140,433,939
Time Deposits—1.3%
Canadian Imperial Bank of Commerce
2.130%, 10/01/18		12,000,000		12,000,000
Cooperative Rabobank UA New York
2.150%, 10/01/18		12,000,000		12,000,000
DZ Bank AG
2.150%, 10/01/18		2,000,000		2,000,000
Erste Group Bank AG
2.170%, 10/01/18		5,000,000		5,000,000
Nordea Bank New York
2.140%, 10/01/18		10,000,000		10,000,000
Skandinaviska Enskilda Banken
2.130%, 10/01/18		10,000,000		10,000,000
Svenska Handelsbanken AB
2.140%, 10/01/18		10,000,000		10,000,000
				61,000,000
Total Securities Lending Reinvestments (Cost $304,320,834)				304,325,013
Total Investments—105.7% (Cost $4,053,794,661)				4,940,042,478
Other assets and liabilities (net)—(5.7)%				(265,273,844	)
Net Assets—100.0%			$	4,674,768,634

*	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, 2018, the market value of securities loaned was $297,839,929 and the collateral received consisted of cash in the amount of $304,232,429. The cash collateral investments are disclosed in the Consolidated Schedule of Investments and categorized as Securities Lending Reinvestments.
(c)	Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2018, these securities represent less than 0.05% of net assets.
(d)	Illiquid security. As of September 30, 2018, these securities represent 0.0% of net assets.
(e)	Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3.
(f)	All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2018, the market value of securities pledged was $152,566,624.
(g)	Affiliated Issuer.
(h)	All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of September 30, 2018, the market value of securities pledged was $63,155,273.
(i)	All or a portion of the security was pledged as collateral against OTC swap contracts. As of September 30, 2018, the market value of securities pledged was $5,531,511.
(j)	The rate shown represents current yield to maturity.
(k)	Represents investment of cash collateral received from securities on loan as of September 30, 2018.
(l)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. 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, 2018, the market value of 144A securities was $75,637,598, which is 1.6% of net assets.

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
AUD	9,833,316	BNP		12/14/18		USD	7,099,261	$	12,602
AUD	7,324,153	CSI		12/14/18		USD	5,278,880		18,251
CAD	433,601	SSBT		11/16/18		USD	334,805		1,207
CAD	11,826,097	BOA		12/14/18		USD	9,125,568		44,383

BHFTI-22

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
CAD	37,723,519	BBP		12/14/18		USD	28,893,339	$	357,461
CHF	8,160,818	UBSA		12/14/18		USD	8,520,823		(148,437	)
CHF	8,860,275	UBSA		12/14/18		USD	9,236,676		(146,701	)
EUR	908,472	SSBT		10/11/18		USD	1,068,635		(13,107	)
EUR	1,154,083	SSBT		10/11/18		USD	1,354,168		(13,273	)
EUR	22,737,262	CSI		12/14/18		USD	26,901,147		(342,954	)
EUR	29,090,040	CSI		12/14/18		USD	34,169,928		(191,391	)
EUR	52,021,878	CSI		12/14/18		USD	61,689,100		(925,096	)
EUR	26,700,000	UBSA		12/14/18		USD	31,397,033		(210,175	)
GBP	2,124,781	MSIP		10/12/18		USD	2,756,626		14,034
GBP	14,817,825	CSI		12/14/18		USD	19,548,618		(168,743	)
GBP	8,630,000	JPMC		12/14/18		USD	11,310,103		(23,134	)
GBP	21,969,777	MSIP		12/14/18		USD	28,809,779		(76,038	)
JPY	135,257,562	BOA		10/04/18		USD	1,223,585		(32,973	)
JPY	68,907,390	SSBT		10/04/18		USD	621,298		(14,737	)
MXN	3,381,904	SSBT		10/19/18		USD	177,652		2,585
NOK	28,423,716	BBP		12/14/18		USD	3,430,871		72,255
NOK	183,070,008	CSI		12/14/18		USD	22,018,638		544,112
NOK	101,374,761	JPMC		12/14/18		USD	12,485,064		9,027
NZD	11,872,773	BBP		12/14/18		USD	7,746,207		127,016
NZD	73,040,559	RBC		12/14/18		USD	48,878,012		(442,439	)
Contracts to Deliver
AUD	15,340,426	JPMC		10/11/18		USD	11,402,032		312,965
AUD	254,596	SSBT		10/11/18		USD	186,876		2,838
AUD	31,847,047	MSIP		12/14/18		USD	22,692,900		(340,207	)
AUD	16,212,000	MSIP		12/14/18		USD	12,011,692		286,501
CAD	9,762,063	SCB		11/16/18		USD	7,574,290		9,336
CAD	37,723,519	BNP		12/14/18		USD	29,106,699		(144,101	)
CAD	11,826,097	BNP		12/14/18		USD	9,165,452		(4,498	)
CAD	9,480,496	BNP		12/14/18		USD	7,347,566		(3,606	)
CHF	507,010	GSBU		10/17/18		USD	523,566		6,258
CHF	80,717,564	UBSA		12/14/18		USD	83,778,495		968,345
DKK	16,714,704	CBNA		11/15/18		USD	2,638,724		26,729
EUR	173,594,313	BNP		10/11/18		USD	204,619,956		2,925,759
EUR	2,503,341	SSBT		10/11/18		USD	2,939,012		30,453
EUR	1,508,392	SSBT		10/11/18		USD	1,777,067		24,510
EUR	865,846	SSBT		10/11/18		USD	1,013,467		7,465
EUR	221,470,169	CBNA		12/14/18		USD	258,641,944		(45,649	)
EUR	26,301,600	CBNA		12/14/18		USD	30,720,685		(823	)
GBP	31,097,340	CBNA		10/12/18		USD	40,878,414		328,295
GBP	974,325	UBSA		10/12/18		USD	1,256,410		(14,085	)
GBP	8,630,000	CBNA		12/14/18		USD	11,161,222		(125,747	)
GBP	112,555,918	MSIP		12/14/18		USD	147,054,082		(155,087	)
GBP	14,784,119	UBSA		12/14/18		USD	19,467,140		131,347
JPY	344,417,796	GSBU		10/04/18		USD	3,067,474		35,716
JPY	118,310,807	HSBC		10/04/18		USD	1,082,483		41,045
JPY	13,676,827,763	JPMC		10/04/18		USD	125,212,423		4,821,355
JPY	68,397,940	UBSA		10/04/18		USD	612,388		10,311
JPY	2,140,323,952	BOA		12/14/18		USD	19,315,762		371,518
JPY	512,001,223	BBP		12/14/18		USD	4,585,007		53,227
JPY	8,787,459,676	CBNA		12/14/18		USD	78,431,817		653,040
JPY	3,427,693,267	MSIP		12/14/18		USD	30,951,084		612,192
MXN	77,050,896	SSBT		10/19/18		USD	4,093,955		(12,433	)
NOK	10,841,751	SSBT		11/15/18		USD	1,332,193		(2,261	)
NZD	20,494,796	CSI		12/14/18		USD	13,621,578		30,812

BHFTI-23

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
PLN	7,961,254	SSBT		10/18/18		USD	2,169,543	$	9,421
SEK	19,246,331	SSBT		11/15/18		USD	2,170,932		(2,383	)
SEK	64,389,618	JPMC		12/14/18		USD	7,071,942		(218,580	)
SGD	2,933,682	GSBU		10/25/18		USD	2,137,100		(10,042	)
ZAR	37,628,603	JPMC		10/10/18		USD	2,421,464		(236,540	)
Net Unrealized Appreciation								$	8,837,131

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
Canada Government Bond 10 Year Futures		12/18/18		150			CAD	19,893,000		$	(157,079	)
MSCI EAFE Index Mini Futures		12/21/18		109			USD	10,766,475			91,372
MSCI Emerging Markets Index Mini Futures		12/21/18		253			USD	13,278,705			187,822
Russell 2000 Index Mini Futures		12/21/18		1,700			USD	144,568,000			(733,584	)
S&P Midcap 400 Index E-Mini Futures		12/21/18		718			USD	145,409,360			(640,111	)
SPI 200 Index Futures		12/20/18		150			AUD	23,227,500			56,621
TOPIX Index Futures		12/13/18		1,208			JPY	21,955,400,000			6,049,427
U.S. Treasury Note 10 Year Futures		12/19/18		2,142			USD	254,429,438			(2,250,433	)
U.S. Treasury Note 2 Year Futures		12/31/18		220			USD	46,361,563			(112,942	)
U.S. Treasury Ultra Long Bond Futures		12/19/18		502			USD	77,449,188			(3,048,025	)
Futures Contracts—Short
Australian 10 Year Treasury Bond Futures		12/17/18		(98	)		AUD	(12,627,598	)		44,849
Euro STOXX 50 Index Futures		12/21/18		(3,722	)		EUR	(126,064,140	)		(2,309,404	)
Euro-Bund Futures		12/06/18		(221	)		EUR	(35,092,590	)		307,302
FTSE 100 Index Futures		12/21/18		(755	)		GBP	(56,523,075	)		(2,171,234	)
Japanese Government 10 Year Bond Futures		12/13/18		(26	)		JPY	(3,902,340,000	)		47,332
S&P 500 Index E-Mini Futures		12/21/18		(1,138	)		USD	(166,091,100	)		(633,592	)
United Kingdom Long Gilt Bond Futures		12/27/18		(382	)		GBP	(46,199,080	)		582,128
Net Unrealized Depreciation										$	(4,689,551	)

Swap Agreements

OTC Total Return Swaps

Pay/Receive Floating Rate

Floating Rate Index

Payment Frequency

Maturity Date

Counterparty

Underlying Reference Instrument

Notional Amount

Market Value

Upfront Premium Paid/(Received)

Unrealized Depreciation(1)

Receive

1M LIBOR

Maturity

10/15/18

CBNA

S&P 500 Total Return Index

USD 469,559,830

$

(4,285,509

)

$

—

$

(4,285,509

)

Fixed Rate	Payment Frequency	Maturity Date	Counterparty	Underlying Reference Instrument	Notional Amount			Market Value			Upfront Premium Paid/(Received)		Unrealized Appreciation/ (Depreciation)(1)
0.120%	Maturity	12/17/18	CBNA	Bloomberg Commodity 3 Month Forward Index		USD	12,986,396	$	403,310		$	—	$	403,310
0.120%	Maturity	12/17/18	MSCS	Bloomberg Commodity 3 Month Forward Index		USD	33,991,924		1,055,666			—		1,055,666
0.240%	Maturity	06/17/19	GSC	GS/AB Hedged Index Basket (a)		USD	48,028,968		(1,439,688	)		—		(1,439,688	)
Totals								$	19,288		$	—	$	19,288

BHFTI-24

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

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(1)

Pay

3M LIBOR

Quarterly

3.163%

Semi-Annually

09/21/28

USD

1,168,760,000

$

2,216,554

$

—

$

2,216,554

(1)	There is no upfront payment premium paid or (received), therefore Market Value equals Unrealized Appreciation/(Depreciation).
(a)	Consists of long exposure to the Morningstar Global Upstream Natural Resources Total Return Index and short exposure to the MSCI All Country World Total Return USD Index at a 1:1 ratio.

Glossary of Abbreviations

Counterparties

(BBP)—	Barclays Bank plc
(BNP)—	BNP Paribas S.A.
(BOA)—	Bank of America N.A.
(CBNA)—	Citibank N.A.
(CSI)—	Credit Suisse International
(GSC)—	Goldman Sachs & Co.
(HSBC)—	HSBC Bank plc
(JPMC)—	JPMorgan Chase Bank N.A.
(MSCS)—	Morgan Stanley Capital Services LLC
(MSIP)—	Morgan Stanley & Co. International plc
(RBC)—	Royal Bank of Canada
(SCB)—	Standard Chartered Bank
(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
(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
(ZAR)—	South African Rand

Index Abbreviations

(FEDEFF PRV)—	Effective Federal Funds Rate
(LIBOR)—	London Interbank Offered Rate
(OBFR)—	U.S. Overnight Bank Funding Rate

Other Abbreviations

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

BHFTI-25

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2		Level 3		Total
Common Stocks
Aerospace & Defense	$	38,010,124	$	21,972,904	$	—	$	59,983,028
Air Freight & Logistics		9,257,899		5,728,997		—		14,986,896
Airlines		6,731,595		2,626,084		—		9,357,679
Auto Components		2,013,958		16,683,853		—		18,697,811
Automobiles		4,809,622		44,746,312		—		49,555,934
Banks		81,263,313		159,421,338		0		240,684,651
Beverages		24,415,090		31,476,983		—		55,892,073
Biotechnology		35,859,788		14,055,927		—		49,915,715
Building Products		3,773,508		11,257,687		—		15,031,195
Capital Markets		37,778,150		36,342,737		—		74,120,887
Chemicals		24,645,735		57,473,391		—		82,119,126
Commercial Services & Supplies		4,707,444		7,660,202		—		12,367,646
Communications Equipment		15,880,738		5,938,144		—		21,818,882
Construction & Engineering		1,238,168		13,490,886		—		14,729,054
Construction Materials		1,456,328		8,700,019		—		10,156,347
Consumer Finance		9,514,692		656,778		—		10,171,470
Containers & Packaging		4,204,244		2,387,855		—		6,592,099
Distributors		1,352,368		236,258		—		1,588,626
Diversified Consumer Services		300,116		209,154		—		509,270
Diversified Financial Services		23,826,325		11,108,044		—		34,934,369
Diversified Telecommunication Services		27,033,729		30,959,265		—		57,992,994
Electric Utilities		23,974,192		25,111,921		—		49,086,113
Electrical Equipment		7,137,525		21,164,419		—		28,301,944
Electronic Equipment, Instruments & Components		5,715,883		22,314,132		—		28,030,015
Energy Equipment & Services		9,538,068		1,497,525		—		11,035,593
Entertainment		29,721,211		9,280,633		—		39,001,844
Equity Real Estate Investment Trusts		127,956,032		59,312,097		—		187,268,129
Food & Staples Retailing		20,051,740		24,041,159		—		44,092,899
Food Products		14,350,422		44,986,284		—		59,336,706
Gas Utilities		—		5,700,668		—		5,700,668
Health Care Equipment & Supplies		44,904,406		22,354,612		—		67,259,018
Health Care Providers & Services		46,962,345		9,208,391		—		56,170,736
Health Care Technology		1,131,039		970,149		—		2,101,188
Hotels, Restaurants & Leisure		23,390,540		20,854,579		—		44,245,119
Household Durables		4,228,437		19,260,608		—		23,489,045
Household Products		19,012,797		10,737,953		—		29,750,750
Independent Power and Renewable Electricity Producers		1,136,017		1,322,931		—		2,458,948
Industrial Conglomerates		21,094,178		20,904,396		—		41,998,574
Insurance		31,759,055		79,940,582		—		111,699,637
Interactive Media & Services		63,664,776		2,566,609		—		66,231,385
Internet & Direct Marketing Retail		54,042,439		2,182,565		—		56,225,004
IT Services		66,179,270		14,498,029		—		80,677,299
Leisure Products		967,563		3,184,191		—		4,151,754
Life Sciences Tools & Services		13,266,783		4,117,851		—		17,384,634

BHFTI-26

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1			Level 2			Level 3		Total
Machinery	$	21,196,145		$	39,320,409		$	—	$	60,516,554
Marine		—			2,938,651			—		2,938,651
Media		16,532,686			14,148,552			—		30,681,238
Metals & Mining		3,058,235			44,345,923			—		47,404,158
Multi-Utilities		12,360,291			14,178,387			—		26,538,678
Multiline Retail		6,914,987			4,658,321			—		11,573,308
Oil, Gas & Consumable Fuels		72,796,435			88,656,563			—		161,452,998
Paper & Forest Products		—			4,852,430			—		4,852,430
Personal Products		2,149,973			31,275,429			—		33,425,402
Pharmaceuticals		67,283,293			109,297,839			—		176,581,132
Professional Services		6,037,502			16,975,335			—		23,012,837
Real Estate Management & Development		1,298,489			59,768,796			—		61,067,285
Road & Rail		14,700,116			17,306,969			—		32,007,085
Semiconductors & Semiconductor Equipment		56,926,339			16,225,441			—		73,151,780
Software		84,281,045			18,715,504			—		102,996,549
Specialty Retail		33,175,294			11,855,795			—		45,031,089
Technology Hardware, Storage & Peripherals		65,276,959			7,868,025			—		73,144,984
Textiles, Apparel & Luxury Goods		10,965,467			32,222,793			—		43,188,260
Tobacco		13,419,954			18,115,336			—		31,535,290
Trading Companies & Distributors		3,523,067			20,608,903			—		24,131,970
Transportation Infrastructure		—			7,784,078			—		7,784,078
Water Utilities		868,792			1,213,579			—		2,082,371
Wireless Telecommunication Services		—			24,189,080			—		24,189,080
Total Common Stocks		1,481,022,721			1,515,167,240			—		2,996,189,961
Total U.S. Treasury & Government Agencies*		—			985,054,740			—		985,054,740
Total Foreign Government*		—			391,691,444			—		391,691,444
Mutual Funds
Investment Company Securities		145,721,770			442,024			—		146,163,794
Total Mutual Funds		145,721,770			442,024			—		146,163,794
Total Preferred Stocks*		—			8,122,765			—		8,122,765
Rights
Equity Real Estate Investment Trusts		—			501			—		501
Multiline Retail		1,897			—			—		1,897
Total Rights		1,897			501			—		2,398
Total Short-Term Investments*		—			108,492,363			—		108,492,363
Total Securities Lending Reinvestments*		—			304,325,013			—		304,325,013
Total Investments	$	1,626,746,388		$	3,313,296,090		$	—	$	4,940,042,478
Collateral for Securities Loaned (Liability)	$	—		$	(304,232,429	)	$	—	$	(304,232,429	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	12,902,371		$	—	$	12,902,371
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(4,065,240	)		—		(4,065,240	)
Total Forward Contracts	$	—		$	8,837,131		$	—	$	8,837,131
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	7,366,853		$	—		$	—	$	7,366,853
Futures Contracts (Unrealized Depreciation)		(12,056,404	)		—			—		(12,056,404	)
Total Futures Contracts	$	(4,689,551	)	$	—		$	—	$	(4,689,551	)
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Appreciation)	$	—		$	2,216,554		$	—	$	2,216,554
OTC Swap Contracts
OTC Swap Contracts at Value (Assets)	$	—		$	1,458,976		$	—	$	1,458,976
OTC Swap Contracts at Value (Liabilities)		—			(5,725,197	)		—		(5,725,197	)
Total OTC Swap Contracts	$	—		$	(4,266,221	)	$	—	$	(4,266,221	)

* 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, 2018 is not presented.

Transfers from Level 1 to Level 2 in the amount of $3,200,591 were due to the application of a systematic fair valuation model factor.

BHFTI-27

Brighthouse Funds Trust I

American Funds Balanced Allocation Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Mutual Funds—100.1% of Net Assets

Security Description	Shares		Value
Investment Company Securities—100.1%
American Funds AMCAP Fund (Class R-6)		10,912,117	$	389,016,964
American Funds American Mutual Fund (Class R-6)		8,993,199		385,358,556
American Funds Blue Chip Income and Growth Fund (Class 1) (a)		26,635,520		387,280,456
American Funds Bond Fund (Class 1) (a)		58,470,507		619,202,665
American Funds Fundamental Investors Fund (Class R-6)		5,921,495		386,969,728
American Funds Global Bond Fund (Class 1) (a)		12,054,312		139,227,301
American Funds Global Small Capitalization Fund (Class 1) (a)		5,548,833		143,936,734
American Funds Growth Fund (Class 1) (a)		5,325,425		435,726,299
American Funds Growth-Income Fund (Class 1)		8,308,545		435,700,101
American Funds High-Income Bond Fund (Class 1) (a)		18,511,446		192,148,807
American Funds International Fund (Class 1) (a)		13,745,081		278,612,782
American Funds International Growth and Income Fund (Class 1) (a)		21,569,339		373,365,259

Security Description	Shares		Value
Investment Company Securities—(Continued)
American Funds New World Fund (Class 1)		3,924,210	$	91,591,073
American Funds U.S. Government/AAA - Rated Securities Fund (Class 1) (a)		44,083,277		522,386,837
Total Mutual Funds (Cost $4,194,949,739)				4,780,523,562
Total Investments—100.1% (Cost $4,194,949,739)				4,780,523,562
Other assets and liabilities (net)—(0.1)%				(2,595,191	)
Net Assets—100.0%			$	4,777,928,371

(a) Affiliated Issuer.

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2		Level 3		Total
Mutual Funds
Investment Company Securities	$	4,780,523,562	$	—	$	—	$	4,780,523,562
Total Investments	$	4,780,523,562	$	—	$	—	$	4,780,523,562

BHFTI-28

Brighthouse Funds Trust I

American Funds Growth Allocation Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Mutual Funds—100.1% of Net Assets

Security Description	Shares		Value
Investment Company Securities—100.1%
American Funds AMCAP Fund (Class R-6)		11,044,146	$	393,723,802
American Funds American Mutual Fund (Class R-6)		7,580,813		324,837,817
American Funds Blue Chip Income and Growth Fund (Class 1) (a)		22,407,474		325,804,677
American Funds Bond Fund (Class 1)		12,021,739		127,310,219
American Funds Fundamental Investors Fund (Class R-6)		5,484,043		358,382,240
American Funds Global Bond Fund (Class 1)		5,345,615		61,741,854
American Funds Global Small Capitalization Fund (Class 1) (a)		6,171,795		160,096,355
American Funds Growth Fund (Class 1)		4,388,612		359,076,198
American Funds Growth-Income Fund (Class 1)		6,220,617		326,209,136
American Funds High-Income Bond Fund (Class 1) (a)		9,337,870		96,927,094
American Funds International Fund (Class 1) (a)		12,082,112		244,904,402
American Funds International Growth and Income Fund (Class 1) (a)		17,832,371		308,678,348

Security Description	Shares		Value
Investment Company Securities—(Continued)
American Funds New World Fund (Class 1)		3,879,952	$	90,558,075
American Funds U.S. Government/AAA - Rated Securities Fund (Class 1)		2,675,297		31,702,266
Total Mutual Funds (Cost $2,635,981,471)				3,209,952,483
Total Investments—100.1% (Cost $2,635,981,471)				3,209,952,483
Other assets and liabilities (net)—(0.1)%				(1,808,379	)
Net Assets—100.0%			$	3,208,144,104

(a) Affiliated Issuer.

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2		Level 3		Total
Mutual Funds
Investment Company Securities	$	3,209,952,483	$	—	$	—	$	3,209,952,483
Total Investments	$	3,209,952,483	$	—	$	—	$	3,209,952,483

BHFTI-29

Brighthouse Funds Trust I

American Funds Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Mutual Fund—100.1% of Net Assets

Security Description	Shares		Value
Investment Company Security—100.1%
American Funds Growth Fund (Class 1) (a) (Cost $1,028,079,647)		15,538,921	$	1,271,394,481
Total Investments—100.1% (Cost $1,028,079,647)				1,271,394,481
Other assets and liabilities (net)—(0.1)%				(790,316	)
Net Assets—100.0%			$	1,270,604,165

(a) Affiliated Issuer.

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2		Level 3		Total
Mutual Fund
Investment Company Security	$	1,271,394,481	$	—	$	—	$	1,271,394,481
Total Investments	$	1,271,394,481	$	—	$	—	$	1,271,394,481

BHFTI-30

Brighthouse Funds Trust I

American Funds Moderate Allocation Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Mutual Funds—100.1% of Net Assets

Security Description	Shares		Value
Investment Company Securities—100.1%
American Funds AMCAP Fund (Class R-6)		3,871,414	$	138,015,918
American Funds American Mutual Fund (Class R-6)		5,779,543		247,653,401
American Funds Blue Chip Income and Growth Fund (Class 1)		15,166,861		220,526,152
American Funds Bond Fund (Class 1) (a)		49,102,155		519,991,822
American Funds Fundamental Investors Fund (Class R-6)		2,105,236		137,577,190
American Funds Global Bond Fund (Class 1) (a)		7,020,269		81,084,109
American Funds Global Small Capitalization Fund (Class 1)		1,058,393		27,454,723
American Funds Growth Fund (Class 1)		1,680,639		137,509,914
American Funds Growth-Income Fund (Class 1)		4,202,884		220,399,255
American Funds High-Income Bond Fund (Class 1) (a)		13,243,164		137,464,047
American Funds International Fund (Class 1)		6,600,667		133,795,512
American Funds International Growth and Income Fund (Class 1) (a)		9,334,545		161,580,981

Security Description	Shares		Value
Investment Company Securities—(Continued)
American Funds New World Fund (Class 1)		1,131,877	$	26,418,000
American Funds U.S. Government/AAA - Rated Securities Fund (Class 1) (a)		46,059,786		545,808,469
Total Mutual Funds (Cost $2,511,575,625)				2,735,279,493
Total Investments—100.1% (Cost $2,511,575,625)				2,735,279,493
Other assets and liabilities (net)—(0.1)%				(1,597,105	)
Net Assets—100.0%			$	2,733,682,388

(a) Affiliated Issuer.

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2		Level 3		Total
Mutual Funds
Investment Company Securities	$	2,735,279,493	$	—	$	—	$	2,735,279,493
Total Investments	$	2,735,279,493	$	—	$	—	$	2,735,279,493

BHFTI-31

Brighthouse Funds Trust I

AQR Global Risk Balanced Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

U.S. Treasury & Government Agencies—29.0% of Net Assets

Security Description	Principal Amount*/ Shares		Value
U.S. Treasury—29.0%
U.S. Treasury Inflation Indexed Notes 0.125%, 04/15/20 (a)		188,234,910	$	185,793,739
0.125%, 04/15/21 (a)		277,835,064		272,153,554
0.125%, 04/15/22 (a)		160,999,055		156,443,704
0.125%, 07/15/26 (a)		136,862,139		129,074,541
0.375%, 07/15/25 (a)		65,673,006		63,592,506
0.375%, 07/15/27 (a)		69,383,970		66,312,284
0.625%, 01/15/26 (a)		122,465,173		119,858,004
Total U.S. Treasury & Government Agencies (Cost $1,018,661,707)				993,228,332
Foreign Government—19.6%
Sovereign—19.6%
Deutsche Bundesrepublik Inflation Linked Bonds 0.100%, 04/15/23 (EUR) (a)		86,679,680		107,955,068
0.100%, 04/15/26 (EUR) (a)		86,861,710		110,806,117
France Government Bond OAT 0.100%, 03/01/25 (EUR) (a)		31,134,388		38,723,316
0.100%, 03/01/28 (EUR) (a)		16,261,834		20,268,096
0.250%, 07/25/24 (EUR) (a)		33,732,497		42,717,017
0.700%, 07/25/30 (144A) (EUR) (a)		12,421,200		16,684,396
1.100%, 07/25/22 (EUR) (a)		23,805,247		30,579,893
1.850%, 07/25/27 (EUR) (a)		27,597,285		40,065,758
United Kingdom Gilt Inflation Linked Bonds 0.125%, 03/22/24 (GBP) (a)		103,767,493		151,299,552
0.125%, 03/22/26 (GBP) (a)		74,720,485		111,997,069
Total Foreign Government (Cost $661,008,499)				671,096,282
Short-Term Investments—46.1%
Mutual Funds—29.0%
BlackRock Liquidity Funds T-Fund Portfolio, Institutional Class, 2.033% (b)		234,918,974		234,918,974
Dreyfus Treasury Cash Management Fund, Institutional Class, 2.040% (b)		228,626,082		228,626,082
State Street Institutional Liquid Reserves Fund, Premier Class, 2.140% (b) (c)		67,239,550		67,246,274
Mutual Funds—(Continued)
State Street Institutional Treasury Plus Money Market Fund, Class I, 2.052% (b) (c)		197,390,683		197,390,683
UBS Select Treasury Preferred Fund, Institutional Class, 2.030% (b)		265,026,230		265,026,230
				993,208,243
U.S. Treasury—17.1%
U.S. Treasury Bills 2.030%, 11/29/18 (d)		50,125,000		49,950,946
2.035%, 11/15/18 (d) (e)		1,203,000		1,199,867
2.062%, 12/13/18 (d) (e)		13,545,000		13,486,703
2.085%, 01/03/19 (d) (e)		7,188,000		7,147,272
2.100%, 01/10/19 (d)		5,465,000		5,431,690
2.160%, 01/31/19 (d)		85,312,000		84,669,085
2.164%, 01/17/19 (d) (e)		1,128,000		1,120,598
2.180%, 02/14/19 (d)		138,873,000		137,689,956
2.210%, 02/28/19 (d)		284,776,000		282,072,112
				582,768,229
Total Short-Term Investments (Cost $1,576,127,722)				1,575,976,472
Total Investments—94.7% (Cost $3,255,797,928)				3,240,301,086
Other assets and liabilities (net)—5.3%				180,556,786
Net Assets—100.0%			$	3,420,857,872

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	Principal amount of security is adjusted for inflation.
(b)	Therate shown represents the annualized seven-day yield as of September 30, 2018.
(c)	All or a portion of the security was pledged as collateral against open swap contracts. As of September 30, 2018, the market value of securities pledged was $81,677,952.
(d)	The rate shown represents current yield to maturity.
(e)	All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2018, the market value of securities pledged was $5,005,800.
(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, 2018, the market value of 144A securities was $16,684,396, which is 0.5% of net assets.

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
EUR	3,780,000	CBNA		12/19/18		USD	4,428,063	$	(10,527	)
EUR	4,757,788	CBNA		12/19/18		USD	5,547,269		12,969
EUR	4,757,788	CBNA		12/19/18		USD	5,550,980		9,258
EUR	4,757,788	CBNA		12/19/18		USD	5,599,010		(38,772	)
EUR	4,757,788	CBNA		12/19/18		USD	5,601,317		(41,079	)
EUR	4,757,788	CBNA		12/19/18		USD	5,597,616		(37,378	)
EUR	4,757,788	CBNA		12/19/18		USD	5,553,192		7,046

BHFTI-32

Brighthouse Funds Trust I

AQR Global Risk Balanced Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
EUR	4,757,788	CBNA		12/19/18		USD	5,577,433	$	(17,195	)
EUR	4,757,788	CBNA		12/19/18		USD	5,542,320		17,917
EUR	4,757,789	CBNA		12/19/18		USD	5,545,971		14,268
EUR	4,757,789	CBNA		12/19/18		USD	5,582,278		(22,039	)
EUR	4,757,789	CBNA		12/19/18		USD	5,565,682		(5,444	)
EUR	4,780,635	CBNA		12/19/18		USD	5,642,628		(55,690	)
EUR	11,479,276	CBNA		12/19/18		USD	13,572,137		(156,763	)
HKD	20,500,000	CBNA		12/19/18		USD	2,617,400		4,203
Contracts to Deliver
CAD	32,501	CBNA		12/19/18		USD	24,942		(263	)
CAD	32,375	CBNA		12/19/18		USD	24,846		(261	)
CAD	32,375	CBNA		12/19/18		USD	25,007		(100	)
CAD	32,375	CBNA		12/19/18		USD	25,158		51
CAD	32,375	CBNA		12/19/18		USD	25,056		(51	)
CAD	32,375	CBNA		12/19/18		USD	24,979		(128	)
CAD	32,375	CBNA		12/19/18		USD	24,875		(232	)
CAD	32,375	CBNA		12/19/18		USD	24,605		(502	)
CAD	32,375	CBNA		12/19/18		USD	24,604		(504	)
CAD	32,375	CBNA		12/19/18		USD	24,603		(504	)
CAD	32,375	CBNA		12/19/18		USD	24,725		(382	)
CAD	32,375	CBNA		12/19/18		USD	24,587		(520	)
CAD	32,374	CBNA		12/19/18		USD	24,649		(457	)
CHF	372,214	CBNA		12/19/18		USD	382,247		159
CHF	370,436	CBNA		12/19/18		USD	384,499		4,236
CHF	370,435	CBNA		12/19/18		USD	380,037		(224	)
CHF	370,435	CBNA		12/19/18		USD	383,139		2,877
CHF	370,435	CBNA		12/19/18		USD	384,074		3,812
CHF	370,435	CBNA		12/19/18		USD	385,250		4,988
CHF	370,435	CBNA		12/19/18		USD	386,454		6,193
CHF	370,435	CBNA		12/19/18		USD	383,891		3,629
CHF	370,435	CBNA		12/19/18		USD	383,574		3,313
CHF	370,435	CBNA		12/19/18		USD	385,393		5,131
CHF	370,435	CBNA		12/19/18		USD	387,065		6,803
CHF	370,435	CBNA		12/19/18		USD	383,499		3,238
EUR	35,502,800	CBNA		12/19/18		USD	41,914,682		423,970
EUR	35,333,133	CBNA		12/19/18		USD	41,245,760		(46,669	)
EUR	35,333,133	CBNA		12/19/18		USD	41,238,126		(54,302	)
EUR	35,333,133	CBNA		12/19/18		USD	41,575,988		283,560
EUR	35,333,133	CBNA		12/19/18		USD	41,624,149		331,721
EUR	35,333,133	CBNA		12/19/18		USD	41,166,181		(126,247	)
EUR	35,333,133	CBNA		12/19/18		USD	41,402,153		109,725
EUR	35,333,133	CBNA		12/19/18		USD	41,161,992		(130,437	)
EUR	35,333,132	CBNA		12/19/18		USD	41,580,050		287,623
EUR	35,333,132	CBNA		12/19/18		USD	41,341,085		48,658
EUR	35,333,132	CBNA		12/19/18		USD	41,468,398		175,971
EUR	35,333,132	CBNA		12/19/18		USD	41,309,135		16,708
EUR	17,000	CBNA		12/19/18		USD	20,059		192
GBP	16,982,167	CBNA		12/19/18		USD	21,945,361		(272,280	)
GBP	16,982,167	CBNA		12/19/18		USD	21,938,330		(279,311	)
GBP	16,982,167	CBNA		12/19/18		USD	21,987,782		(229,859	)
GBP	16,982,167	CBNA		12/19/18		USD	22,189,835		(27,806	)
GBP	16,982,167	CBNA		12/19/18		USD	21,876,634		(341,007	)
GBP	16,982,167	CBNA		12/19/18		USD	22,041,361		(176,280	)
GBP	16,982,167	CBNA		12/19/18		USD	22,054,742		(162,898	)
GBP	16,982,166	CBNA		12/19/18		USD	22,007,531		(210,109	)

BHFTI-33

Brighthouse Funds Trust I

AQR Global Risk Balanced Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
GBP	16,982,166	CBNA		12/19/18		USD	22,189,749	$	(27,891	)
GBP	16,982,166	CBNA		12/19/18		USD	21,863,608		(354,032	)
GBP	16,982,166	CBNA		12/19/18		USD	22,071,214		(146,426	)
GBP	16,982,166	CBNA		12/19/18		USD	22,204,523		(13,116	)
HKD	7,651,000	CBNA		12/19/18		USD	980,262		1,828
HKD	3,404,000	CBNA		12/19/18		USD	434,497		(817	)
HKD	409,000	CBNA		12/19/18		USD	52,211		(93	)
HKD	103,000	CBNA		12/19/18		USD	13,195		23
JPY	30,690,000	CBNA		12/19/18		USD	277,913		6,128
JPY	3,148,750	CBNA		12/19/18		USD	28,543		658
JPY	1,574,375	CBNA		12/19/18		USD	14,322		380
JPY	1,574,375	CBNA		12/19/18		USD	14,245		302
JPY	1,574,375	CBNA		12/19/18		USD	14,259		316
JPY	1,574,375	CBNA		12/19/18		USD	14,209		267
JPY	1,574,375	CBNA		12/19/18		USD	14,276		334
JPY	1,574,375	CBNA		12/19/18		USD	14,221		279
Net Unrealized Depreciation								$	(1,189,861	)

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts		Notional Value			Value/ Unrealized Appreciation/ (Depreciation)
Aluminum Futures		10/11/18		18		USD	923,760	$	(8,743	)
Aluminum Futures		10/31/18		41		USD	2,114,575		(62,571	)
Aluminum Futures		11/02/18		7		USD	361,200		4,276
Aluminum Futures		12/10/18		5		USD	259,416		3,151
Aluminum Futures		12/11/18		2		USD	103,775		(381	)
Aluminum Futures		12/12/18		2		USD	103,784		890
Aluminum Futures		12/13/18		3		USD	155,687		1,178
Aluminum Futures		12/17/18		548		USD	28,434,350		(727,228	)
Aluminum Futures		12/20/18		3		USD	155,175		2,755
Aluminum Futures		12/24/18		9		USD	464,474		3,748
Aluminum Futures		12/27/18		3		USD	154,738		491
Amsterdam AEX Index Futures		10/19/18		58		EUR	6,373,620		106,701
Australian 10 Year Treasury Bond Futures		12/17/18		1,237		AUD	159,391,210		(845,628	)
CAC 40 Index Futures		10/19/18		386		EUR	21,189,470		664,251
Canada Government Bond 10 Year Futures		12/18/18		1,222		CAD	162,061,640		(1,704,666	)
Copper Futures		12/27/18		564		USD	39,550,500		1,543,130
Cotton No. 2 Futures		12/06/18		30		USD	1,145,550		(142,542	)
DAX Index Futures		12/21/18		58		EUR	17,750,175		301,264
Euro STOXX 50 Index Futures		12/21/18		1,630		EUR	55,208,100		1,116,871
Euro-Bund Futures		12/06/18		5,187		EUR	823,643,730		(9,601,350	)
FTSE 100 Index Futures		12/21/18		780		GBP	58,394,700		2,260,355
FTSE JSE Top 40 Index Futures		12/20/18		453		ZAR	227,039,070		(224,106	)
FTSE MIB Index Futures		12/21/18		42		EUR	4,343,010		(55,173	)
Hang Seng China Enterprises Index Futures		10/30/18		252		HKD	139,406,400		153,326
Hang Seng Index Futures		10/30/18		23		HKD	32,058,550		19,369
IBEX 35 Index Futures		10/19/18		59		EUR	5,527,120		(11,438	)
Japanese Government 10 Year Bond Futures		12/13/18		249		JPY	37,372,410,000		(474,297	)
KOSPI 200 Index Futures		12/13/18		547		KRW	41,243,800,000		967,649
Lean Hogs Futures		12/14/18		464		USD	10,750,880		392,499
Live Cattle Futures		12/31/18		10		USD	475,400		9,235
MSCI Taiwan Index Futures		10/30/18		8		USD	328,480		(233	)

BHFTI-34

Brighthouse Funds Trust I

AQR Global Risk Balanced Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Futures Contracts—(Continued)

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
Nickel Futures		10/11/18		9			USD	675,961		$	(65,958	)
Nickel Futures		10/31/18		6			USD	451,418			(48,279	)
Nickel Futures		11/02/18		3			USD	225,746			(11,081	)
Nickel Futures		11/29/18		12			USD	905,030			(67,366	)
Nickel Futures		11/30/18		1			USD	75,426			(5,067	)
Nickel Futures		12/11/18		1			USD	75,499			1,666
Nickel Futures		12/12/18		1			USD	75,506			953
Nickel Futures		12/13/18		1			USD	75,512			(781	)
Nickel Futures		12/17/18		246			USD	18,585,792			(1,048,434	)
Nickel Futures		12/20/18		2			USD	151,115			1,580
Nickel Futures		12/24/18		2			USD	151,157			(3,715	)
Nickel Futures		12/27/18		2			USD	151,189			(2,057	)
Nickel Futures		12/28/18		1			USD	75,600			(602	)
Russell 2000 Index Mini Futures		12/21/18		850			USD	72,284,000			(784,822	)
S&P 500 Index E-Mini Futures		12/21/18		5,359			USD	782,146,050			3,685,160
S&P Midcap 400 Index E-Mini Futures		12/21/18		429			USD	86,881,080			(826,333	)
S&P TSX 60 Index Futures		12/20/18		286			CAD	54,357,160			133,841
SPI 200 Index Futures		12/20/18		263			AUD	40,725,550			163,760
Soybean Futures		11/14/18		14			USD	591,850			4,697
Soybean Meal Futures		12/14/18		503			USD	15,542,700			(2,594,478	)
Soybean Oil Futures		12/14/18		2			USD	34,788			755
Sugar No. 11 Futures		02/28/19		1,202			USD	15,077,888			(1,192,095	)
TOPIX Index Futures		12/13/18		671			JPY	12,195,425,000			8,314,054
U.S. Treasury Note 10 Year Futures		12/19/18		9,771			USD	1,160,611,594			(14,238,514	)
United Kingdom Long Gilt Bond Futures		12/27/18		900			GBP	108,846,000			(1,668,197	)
Wheat Futures		12/14/18		21			USD	534,450			(30,961	)
Zinc Futures		10/11/18		8			USD	530,528			19,842
Zinc Futures		10/31/18		6			USD	397,227			9,872
Zinc Futures		11/02/18		3			USD	198,594			5,460
Zinc Futures		11/29/18		12			USD	790,140			37,758
Zinc Futures		11/30/18		1			USD	65,800			3,547
Zinc Futures		12/10/18		2			USD	131,413			11,107
Zinc Futures		12/10/18		1			USD	75,492			1,389
Zinc Futures		12/12/18		2			USD	131,350			12,344
Zinc Futures		12/13/18		1			USD	65,650			5,972
Zinc Futures		12/17/18		247			USD	16,190,850			865,595
Zinc Futures		12/20/18		2			USD	131,000			9,094
Zinc Futures		12/24/18		1			USD	65,400			2,347
Zinc Futures		12/27/18		2			USD	130,700			3,244
Zinc Futures		12/28/18		1			USD	6,525			(56,878	)
Futures Contracts—Short
Aluminum Futures		10/11/18		(18	)		USD	(923,760	)		8,137
Aluminum Futures		10/31/18		(41	)		USD	(2,114,575	)		58,645
Aluminum Futures		11/02/18		(7	)		USD	(361,200	)		(5,575	)
Aluminum Futures		12/10/18		(5	)		USD	(259,416	)		(933	)
Aluminum Futures		12/11/18		(2	)		USD	(103,775	)		(246	)
Aluminum Futures		12/12/18		(2	)		USD	(103,784	)		(1,829	)
Aluminum Futures		12/13/18		(3	)		USD	(155,687	)		(1,639	)
Aluminum Futures		12/17/18		(27	)		USD	(1,400,963	)		(12,119	)
Aluminum Futures		12/20/18		(3	)		USD	(155,175	)		(1,805	)
Aluminum Futures		12/24/18		(9	)		USD	(464,474	)		(1,699	)
Aluminum Futures		12/27/18		(3	)		USD	(154,738	)		(1,173	)
Nickel Futures		10/11/18		(9	)		USD	(675,961	)		65,162
Nickel Futures		10/31/18		(6	)		USD	(451,418	)		49,306
Nickel Futures		11/02/18		(3	)		USD	(225,746	)		12,895

BHFTI-35

Brighthouse Funds Trust I

AQR Global Risk Balanced Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Futures Contracts—(Continued)

Futures Contracts—Short	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
Nickel Futures		11/29/18		(12	)		USD	(905,030	)	$	69,815
Nickel Futures		11/30/18		(1	)		USD	(75,426	)		5,221
Nickel Futures		12/10/18		(1	)		USD	(75,492	)		(1,515	)
Nickel Futures		12/11/18		(1	)		USD	(75,499	)		(1,584	)
Nickel Futures		12/12/18		(1	)		USD	(75,506	)		(1,348	)
Nickel Futures		12/13/18		(1	)		USD	(75,512	)		673
Nickel Futures		12/17/18		(12	)		USD	(906,624	)		6,540
Nickel Futures		12/20/18		(2	)		USD	(151,115	)		(206	)
Nickel Futures		12/24/18		(2	)		USD	(151,157	)		3,757
Nickel Futures		12/27/18		(2	)		USD	(151,189	)		1,165
Nickel Futures		12/28/18		(1	)		USD	(75,600	)		252
Zinc Futures		10/11/18		(8	)		USD	(530,528	)		(15,352	)
Zinc Futures		10/31/18		(6	)		USD	(397,227	)		(9,152	)
Zinc Futures		11/02/18		(3	)		USD	(198,594	)		(4,015	)
Zinc Futures		11/29/18		(12	)		USD	(790,140	)		(34,769	)
Zinc Futures		11/30/18		(1	)		USD	(65,800	)		(3,215	)
Zinc Futures		12/10/18		(2	)		USD	(131,413	)		(11,410	)
Zinc Futures		12/12/18		(2	)		USD	(131,350	)		(13,318	)
Zinc Futures		12/13/18		(1	)		USD	(65,650	)		(6,028	)
Zinc Futures		12/17/18		(12	)		USD	(786,600	)		(49,289	)
Zinc Futures		12/20/18		(2	)		USD	(131,000	)		(8,607	)
Zinc Futures		12/24/18		(1	)		USD	(65,400	)		(2,215	)
Zinc Futures		12/27/18		(2	)		USD	(130,700	)		(4,436	)
Zinc Futures		12/28/18		(1	)		USD	(6,525	)		58,077
Net Unrealized Depreciation										$	(15,512,630	)

Swap Agreements

OTC Total Return Swaps

Maturity Date	Counterparty	Underlying Reference Instrument	Notional Amount			Market Value			Upfront Premium Paid/(Received)		Unrealized Appreciation/ (Depreciation)(1)
10/30/18	CBNA	Brent Crude Futures		USD	31,040,350	$	1,886,190		$	—	$	1,886,190
10/30/18	MLI	Brent Crude Futures		USD	25,216,080		1,588,440			—		1,588,440
12/18/18	BOA	Canada Government Bond 10 Year Futures		CAD	11,965,489		(125,660	)		—		(125,660	)
11/09/18	CBNA	Coffee “C” Futures		USD	391,911		(7,724	)		—		(7,724	)
11/09/18	MLI	Coffee “C” Futures		USD	14,153,737		(1,091,362	)		—		(1,091,362	)
10/04/18	MLI	Commodity Excess-Return Index (a)		USD	608,741,640		19,157,047			—		19,157,047
11/23/18	CBNA	Corn No. 2 Futures		USD	23,547,554		(1,495,679	)		—		(1,495,679	)
11/23/18	MLI	Corn No. 2 Futures		USD	18,480,394		(970,706	)		—		(970,706	)
11/09/18	CBNA	Cotton No. 2 Futures		USD	7,906,700		(1,415,250	)		—		(1,415,250	)
11/09/18	MLI	Cotton No. 2 Futures		USD	1,680,910		(268,065	)		—		(268,065	)
10/19/18	CBNA	Crude Oil Futures		USD	27,358,880		2,234,120			—		2,234,120
10/19/18	MLI	Crude Oil Futures		USD	23,845,440		2,085,060			—		2,085,060
12/06/18	BOA	Euro Bund Futures		EUR	48,544,175		(500,187	)		—		(500,187	)
11/30/18	CBNA	Gold 100 oz. Futures		USD	37,870,215		(907,635	)		—		(907,635	)
11/30/18	MLI	Gold 100 oz. Futures		USD	32,671,850		(972,550	)		—		(972,550	)
10/30/18	GSI	Hang Seng China Enterprises Index Futures		HKD	186,329,412		295,310			—		295,310
10/30/18	MLI	Hang Seng China Enterprises Index Futures		HKD	282,338,456		680,289			—		680,289
10/30/18	GSI	Hang Seng Index Futures		HKD	13,851,406		11,125			—		11,125
10/30/18	MLI	Hang Seng Index Futures		HKD	75,563,838		140,248			—		140,248
10/17/18	MLI	Ibovespa Futures		BRL	54,804,523		378,076			—		378,076
12/13/18	BOA	Japanese Government 10 Year Bond Futures		JPY	13,377,545,500		(171,937	)		—		(171,937	)
12/07/18	MLI	Live Cattle Futures		USD	26,062,685		797,415			—		797,415
12/27/18	BOA	Long U.K. Gilt Futures		GBP	64,638,077		(1,018,942	)		—		(1,018,942	)

BHFTI-36

Brighthouse Funds Trust I

AQR Global Risk Balanced Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

OTC Total Return Swaps —(Continued)

Maturity Date	Counterparty	Underlying Reference Instrument	Notional Amount			Market Value			Upfront Premium Paid/(Received)		Unrealized Appreciation/ (Depreciation)(1)
10/30/18	GSI	MSCI Taiwan Stock Index Futures		USD	4,184,380	$	3,740		$	—	$	3,740
10/30/18	MLI	MSCI Taiwan Stock Index Futures		USD	24,463,419		8,341			—		8,341
10/30/18	CBNA	NY Harbor ULSD Futures		USD	14,307,064		685,760			—		685,760
10/30/18	MLI	NY Harbor ULSD Futures		USD	11,281,775		554,665			—		554,665
10/29/18	CBNA	Natural Gas Futures		USD	34,462,145		2,476,095			—		2,476,095
10/29/18	MLI	Natural Gas Futures		USD	17,478,570		1,381,590			—		1,381,590
10/30/18	CBNA	RBOB Gasoline Future		USD	14,915,842		764,450			—		764,450
10/30/18	MLI	RBOB Gasoline Future		USD	11,184,025		641,894			—		641,894
11/30/18	CBNA	Silver Futures		USD	10,233,218		(81,938	)		—		(81,938	)
11/30/18	MLI	Silver Futures		USD	9,786,480		(76,560	)		—		(76,560	)
10/26/18	CBNA	Soybean Futures		USD	24,999,634		(3,439,384	)		—		(3,439,384	)
10/26/18	MLI	Soybean Futures		USD	12,683,713		(1,776,763	)		—		(1,776,763	)
11/23/18	CBNA	Soybean Oil Futures		USD	8,556,994		(642,724	)		—		(642,724	)
11/23/18	MLI	Soybean Oil Futures		USD	7,789,272		(622,944	)		—		(622,944	)
02/15/19	CBNA	Sugar No. 11 Futures		USD	1,361,965		(95,021	)		—		(95,021	)
02/15/19	MLI	Sugar No. 11 Futures		USD	429,542		(28,134	)		—		(28,134	)
11/23/18	CBNA	Soybean Meal Futures		USD	3,573,896		(483,896	)		—		(483,896	)
12/21/18	MLI	Swiss Market Index Futures		CHF	34,695,594		581,970			—		581,970
12/19/18	BOA	U.S. Treasury Note 10 Year Futures		USD	975,541,824		(11,869,542	)		—		(11,869,542	)
11/23/18	CBNA	KC Hard Red Winter Wheat Futures		USD	7,344,437		(1,209,437	)		—		(1,209,437	)
11/23/18	CBNA	Wheat Futures		USD	26,288,986		(3,689,386	)		—		(3,689,386	)
11/23/18	MLI	KC Hard Red Winter Wheat Futures		USD	4,236,725		(632,412	)		—		(632,412	)
11/23/18	MLI	Wheat Futures		USD	1,683,581		(232,931	)		—		(232,931	)
Totals						$	2,525,056		$	—	$	2,525,056

(1) There is no upfront payment premium paid or (received), therefore Market Value equals Unrealized Appreciation/(Depreciation).

(a) The following table represents the individual components and related notional value and weighting (as a percentage of the notional value of the swap) of the futures contracts underlying the total return swap with Merrill Lynch International, as of September 30, 2018:

Futures Contracts—Long	Notional Value		Component Weighting
Gold 100 oz.	$	66,341,059		10.9	%
Brent Crude		57,345,253		9.4	%
Natural Gas		53,911,381		8.9	%
WTI Crude		53,595,728		8.8	%
Corn No. 2 Yellow		38,194,671		6.3	%
Copper Comex		38,169,884		6.3	%
Soybeans		31,865,492		5.2	%
RBOB Gasoline		26,565,840		4.4	%
LME Primary Aluminum		26,379,118		4.3	%
Live Cattle		26,009,639		4.3	%
Heating Oil		25,862,618		4.2	%
Wheat		23,640,524		3.9	%
Silver		19,191,604		3.2	%
Soybean Meal		17,888,102		2.9	%
LME Primary Nickel		17,010,358		2.8	%
Sugar No. 11		16,124,864		2.6	%
Zinc		14,970,681		2.5	%
Soybean Oil		14,486,785		2.4	%
Coffee “C”		12,755,059		2.1	%
Lean Hogs		10,335,727		1.7	%
KC Hard Red Winter Wheat		9,360,683		1.5	%
Cotton No. 2		8,736,570		1.4	%
	$	608,741,640		100	%

BHFTI-37

Brighthouse Funds Trust I

AQR Global Risk Balanced Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Glossary of Abbreviations

Counterparties

(BOA)—	Bank of America N.A.
(CBNA)—	Citibank N.A.
(GSI)—	Goldman Sachs International
(MLI)—	Merrill Lynch International

Currencies

(AUD)—	Australian Dollar
(BRL)—	Brazilian Real
(CAD)—	Canadian Dollar
(CHF)—	Swiss Franc
(EUR)—	Euro
(GBP)—	British Pound
(HKD)—	Hong Kong Dollar
(JPY)—	Japanese Yen
(KRW)—	South Korean Won
(USD)—	United States Dollar
(ZAR)—	South African Rand

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1			Level 2			Level 3		Total
Total U.S. Treasury & Government Agencies*	$	—		$	993,228,332		$	—	$	993,228,332
Total Foreign Government*		—			671,096,282			—		671,096,282
Short-Term Investments
Mutual Funds		993,208,243			—			—		993,208,243
U.S. Treasury		—			582,768,229					582,768,229
Total Short-Term Investments		993,208,243			582,768,229			—		1,575,976,472
Total Investments	$	993,208,243		$	2,247,092,843		$	—	$	3,240,301,086
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	1,798,734		$	—	$	1,798,734
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(2,988,595	)		—		(2,988,595	)
Total Forward Contracts	$	—		$	(1,189,861	)	$	—	$	(1,189,861	)
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	21,184,821		$	—		$	—	$	21,184,821
Futures Contracts (Unrealized Depreciation)		(36,697,451	)		—			—		(36,697,451	)
Total Futures Contracts	$	(15,512,630	)	$	—		$	—	$	(15,512,630	)
OTC Swap Contracts
OTC Swap Contracts at Value (Assets)	$	—		$	36,351,825		$	—	$	36,351,825
OTC Swap Contracts at Value (Liabilities)		—			(33,826,769	)		—		(33,826,769	)
Total OTC Swap Contracts	$	—		$	2,525,056		$	—	$	2,525,056

* See Consolidated Schedule of Investments for additional detailed categorizations.

BHFTI-38

Brighthouse Funds Trust I

BlackRock Global Tactical Strategies Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Mutual Funds—61.9% of Net Assets

Security Description	Shares/ Principal Amount*		Value
Investment Company Securities—61.9%
Consumer Discretionary Select Sector SPDR Fund (a)		977,406	$	114,571,531
Consumer Staples Select Sector SPDR Fund (a)		1,766,536		95,269,287
Energy Select Sector SPDR Fund (a)		1,262,223		95,600,770
Financial Select Sector SPDR Fund (a)		9,948,927		274,391,407
Health Care Select Sector SPDR Fund (a)		2,169,308		206,409,656
Industrial Select Sector SPDR Fund (a)		1,245,540		97,650,336
Invesco QQQ Trust (a)		1,812,649		336,772,058
iShares Core MSCI EAFE ETF (a) (b)		6,763,677		433,416,422
iShares Core U.S. Aggregate Bond ETF (a) (b)		3,582,306		378,004,929
iShares iBoxx $ Investment Grade Corporate Bond ETF (a) (b)		3,858,200		443,422,926
iShares Intermediate-Term Corporate Bond ETF (b)		2,347,254		124,639,187
iShares MSCI EAFE Fund (b)		3,933,378		267,430,370
iShares MSCI Japan Fund (a) (b)		744,558		44,844,728
iShares Short-Term Corporate Bond ETF (b)		9,237,898		478,800,253
iShares U.S. Real Estate ETF (a) (b)		1,881,244		150,537,145
Materials Select Sector SPDR Fund (a)		837,227		48,500,560
Real Estate Select Sector SPDR Fund (a)		1,576,786		51,418,991
Technology Select Sector SPDR Fund (a)		3,093,575		233,039,005
Utilities Select Sector SPDR Fund (a)		1,130,927		59,543,307
Vanguard Short-Term Corporate Bond ETF		1,458,405		113,988,935
Vanguard Total Bond Market ETF		4,054,739		319,107,959
Total Mutual Funds (Cost $3,911,213,394)				4,367,359,762
Short-Term Investments—33.9%
Mutual Fund—2.6%
SSGA USD Liquidity Fund, S2 Shares, 2.183% (c)		185,734,781		185,734,781
Repurchase Agreement—31.3%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $2,204,892,081; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 2.500%, maturity dates ranging from 02/29/24 - 07/31/24, and an aggregate market value of $2,248,814,601.		2,204,708,355		2,204,708,355
Total Short-Term Investments (Cost $2,390,443,136)				2,390,443,136
Securities Lending Reinvestments (d)—23.2%
Bank Note—0.1%
Bank of America N.A. 2.398%, 1M LIBOR + 0.250%, 11/13/18 (e)		7,000,000		7,000,000
Certificates of Deposit—8.0%
Banco Del Estado De Chile New York 2.398%, 1M LIBOR + 0.240%, 01/17/19 (e)		7,000,000		7,001,764
2.419%, 3M LIBOR + 0.100%, 11/14/18 (e)		2,500,000		2,499,958
Banco Santander S.A. 2.340%, 11/07/18		9,999,746		10,000,820

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Bank of Montreal Zero Coupon, 10/31/18		9,978,687	$	9,980,625
Bank of Montreal (Chicago) 2.371%, 3M LIBOR + 0.030%, 11/06/18 (e)		15,000,000		14,999,970
Barclays Bank plc 2.304%, 1M LIBOR + 0.200%, 02/04/19 (e)		44,500,000		44,490,966
BNP Paribas S.A. New York 2.574%, 1M LIBOR + 0.470%, 12/04/18 (e)		25,000,000		25,014,675
Canadian Imperial Bank of Commerce 2.459%, 3M LIBOR + 0.120%, 01/14/19 (e)		10,000,000		10,002,970
Chiba Bank, Ltd., New York 2.240%, 11/09/18		18,000,000		17,999,514
2.300%, 11/19/18		8,000,000		7,999,744
Cooperative Rabobank UA 2.479%, 3M LIBOR + 0.140%, 10/16/18 (e)		10,000,000		10,000,749
Credit Agricole S.A. 2.463%, 1M LIBOR + 0.330%, 10/09/18 (e)		3,000,000		3,000,120
Credit Industriel et Commercial Zero Coupon, 01/25/19		17,079,047		17,162,119
Credit Industriel et Commercial (NY) 2.364%, 1M LIBOR + 0.250%, 02/05/19 (e)		8,000,000		8,003,784
Industrial & Commercial Bank of China, Ltd. 2.500%, 10/24/18		20,000,000		20,000,260
2.500%, 11/15/18		10,000,000		9,999,760
2.530%, 12/24/18		10,000,000		9,999,780
KBC Bank NV 2.400%, 12/27/18		15,000,000		15,000,000
Landesbank Baden-Wuettertemberg 2.180%, 10/02/18		26,000,000		26,000,052
Mitsubishi UFJ Trust and Banking Corp. Zero Coupon, 01/15/19		12,891,574		12,894,260
Mizuho Bank, Ltd. 2.571%, 1M LIBOR + 0.440%, 10/11/18 (e)		20,000,000		20,000,500
Natixis S.A. New York 2.431%, 3M LIBOR + 0.090%, 05/10/19 (e)		4,500,000		4,499,645
Royal Bank of Canada New York 2.378%, 1M LIBOR + 0.210%, 09/17/19 (e)		19,500,000		19,498,927
2.381%, 1M LIBOR + 0.250%, 01/11/19 (e)		26,250,000		26,258,662
Standard Chartered plc 2.396%, 1M LIBOR + 0.180%, 02/25/19 (e)		22,000,000		21,997,426
Sumitomo Mitsui Banking Corp. 2.321%, 1M LIBOR + 0.190%, 04/11/19 (e)		20,000,000		19,999,060
Sumitomo Mitsui Banking Corp., New York 2.290%, 1M LIBOR + 0.180%, 03/05/19 (e)		10,500,000		10,498,772
2.351%, 1M LIBOR + 0.220%, 01/11/19 (e)		11,000,000		11,002,035
Sumitomo Mitsui Trust Bank, Ltd. 2.443%, 3M LIBOR + 0.110%, 10/11/18 (e)		15,000,000		15,000,105
2.502%, 1M LIBOR + 0.320%, 11/21/18 (e)		2,000,000		2,000,000
Sumitomo Mitsui Trust Bank, Ltd., London 2.528%, 1M LIBOR + 0.310%, 11/26/18 (e)		30,000,000		30,000,000
Svenska Handelsbanken AB 2.546%, 3M LIBOR + 0.210%, 01/03/19 (e)		4,000,422		4,000,738
2.554%, 1M LIBOR + 0.450%, 04/03/19 (e)		14,000,000		14,020,650
Toronto-Dominion Bank 2.378%, 1M LIBOR + 0.210%, 09/17/19 (e)		5,500,000		5,500,000

BHFTI-39

Brighthouse Funds Trust I

BlackRock Global Tactical Strategies Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (d)—(Continued)

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Wells Fargo Bank N.A. 2.473%, 3M LIBOR + 0.140%, 07/11/19 (e)		30,000,000	$	30,003,420
2.475%, 3M LIBOR + 0.140%, 10/26/18 (e)		40,000,000		40,006,636
Westpac Banking Corp. 2.630%, FEDEFF PRV + 0.450%, 02/15/19 (e)		10,000,000		10,005,311
				566,343,777
Commercial Paper—1.9%
Bank of China, Ltd. 2.510%, 11/02/18		5,961,932		5,986,800
2.550%, 10/19/18		30,312,044		30,460,838
2.550%, 12/20/18		12,420,313		12,428,088
LMA S.A. & LMA Americas 2.470%, 11/13/18		6,915,951		6,979,763
Mont Blanc Capital Corp. 2.310%, 12/14/18		4,970,483		4,974,505
Nieuw Amsterdam Receivables Corp. 2.170%, 10/17/18		16,418,444		16,481,437
Sheffield Receivables Co. 2.490%, 11/26/18		11,843,130		11,953,908
Starbird Funding Corp. 2.280%, 11/08/18		2,982,900		2,992,338
Victory Receivables Corp. 2.320%, 12/18/18		24,855,000		24,867,600
Westpac Banking Corp. 2.492%, 1M LIBOR + 0.280%, 05/24/19 (e)		15,000,000		15,008,310
				132,133,587
Master Demand Notes—0.5%
Natixis Financial Products LLC 2.400%, OBFR + 0.230%, 10/01/18 (e)		20,000,000		20,000,000
2.420%, OBFR + 0.250%, 10/01/18 (e)		16,000,000		16,000,000
				36,000,000
Repurchase Agreements—9.8%
Citigroup Global Markets, Inc. Repurchase Agreement dated 05/03/18 at 2.440%, due on 10/05/18 with a maturity value of $56,083,058; collateralized by U.S. Treasury Obligations with rates ranging from 1.625% - 2.250%, maturity dates ranging from 11/30/19 - 11/15/27, and various Common Stock with an aggregate market value of $58,512,876.		55,500,000		55,500,000
Repurchase Agreement dated 07/25/18 at 2.570%, due on 11/02/18 with a maturity value of $43,306,972; collateralized by various Common Stock with an aggregate market value of $47,300,005.		43,000,000		43,000,000
Repurchase Agreement dated 01/25/17 at 2.720%, due on 12/31/18 with a maturity value of $15,799,000; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 2.220%, maturity dates ranging from 11/01/18 - 04/30/20, and an aggregate market value of $15,300,000.		15,000,000		15,000,000

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Deutsche Bank AG, London Repurchase Agreement dated 09/28/18 at 2.250%, due on 10/01/18 with a maturity value of $3,000,563; collateralized by Foreign Obligations with rates ranging from 1.750% - 2.625%, maturity dates ranging from 04/01/19 - 07/27/26, and an aggregate market value of $3,060,009.		3,000,000	$	3,000,000
Repurchase Agreement dated 08/24/18 at 2.560%, due on 10/01/18 with a maturity value of $27,072,960; collateralized by various Common Stock with an aggregate market value of $30,059,709.		27,000,000		27,000,000
Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $252,696; collateralized by various Common Stock with an aggregate market value of $276,129.		248,022		248,022
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $5,019,831; collateralized by various Common Stock with an aggregate market value of $5,556,229.		5,000,000		5,000,000
Macquarie Bank, Ltd., London Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $10,793,860; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 5.500%, maturity dates ranging from 08/31/19 - 05/15/48, and an aggregate market value of $10,999,325.		10,791,881		10,791,881
Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 10/26/16 at 2.720%, due on 12/31/18 with a maturity value of $5,830,782; collateralized by various Common Stock with an aggregate market value of $6,050,001.		5,500,000		5,500,000
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $144,569,400; collateralized by various Common Stock with an aggregate market value of $158,980,961.		144,500,000		144,500,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $5,064,675; collateralized by various Common Stock with an aggregate market value of $5,563,276.		5,000,000		5,000,000
Repurchase Agreement dated 07/18/18 at 2.370%, due on 10/05/18 with a maturity value of $49,556,401; collateralized by various Common Stock with an aggregate market value of $54,858,286.		49,300,000		49,300,000
Repurchase Agreement dated 07/19/18 at 2.370%, due on 10/05/18 with a maturity value of $96,744,244; collateralized by various Common Stock with an aggregate market value of $107,101,624.		96,250,000		96,250,000
Societe Generale Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $10,124,483; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $11,106,484.		10,000,000		10,000,000

BHFTI-40

Brighthouse Funds Trust I

BlackRock Global Tactical Strategies Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (d)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Societe Generale Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $1,264,972; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $1,388,281.		1,249,974	$	1,249,974
Repurchase Agreement dated 07/10/18 at 2.340%, due on 10/05/18 with a maturity value of $42,136,945; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $46,536,168.		41,900,000		41,900,000
Repurchase Agreement dated 04/18/18 at 2.340%, due on 10/05/18 with a maturity value of $64,707,200; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $71,081,497.		64,000,000		64,000,000
Repurchase Agreement dated 05/10/18 at 2.340%, due on 10/05/18 with a maturity value of $111,563,010; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $122,726,648.		110,500,000		110,500,000
				687,739,877
Time Deposits—2.9%
Canadian Imperial Bank of Commerce 2.130%, 10/01/18		54,000,000		54,000,000
Cooperative Rabobank UA New York 2.150%, 10/01/18		41,100,000		41,100,000
DZ Bank AG 2.150%, 10/01/18		25,000,000		25,000,000
Nordea Bank New York 2.140%, 10/01/18		20,000,000		20,000,000

Security Description	Principal Amount*		Value
Time Deposits—(Continued)
Skandinaviska Enskilda Banken 2.130%, 10/01/18		25,000,000	$	25,000,000
Svenska Handelsbanken AB 2.140%, 10/01/18		20,000,000		20,000,000
United of Omaha Life Insurance 2.434%, 3M LIBOR + 0.100%, 11/02/18 (e)		17,000,000		17,000,000
				202,100,000
Total Securities Lending Reinvestments (Cost $1,631,262,036)				1,631,317,241
Total Investments—119.0% (Cost $7,932,918,566)				8,389,120,139
Other assets and liabilities (net)—(19.0)%				(1,339,202,005	)
Net Assets—100.0%			$	7,049,918,134

*	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, 2018, the market value of securities loaned was $1,595,673,915 and the collateral received consisted of cash in the amount of $1,630,719,550. The cash collateral investments are disclosed in the Consolidated Schedule of Investments and categorized as Securities Lending Reinvestments.
(b)	Affiliated Issuer.
(c)	The rate shown represents the annualized seven-day yield as of September 30, 2018.
(d)	Represents investment of cash collateral received from securities on loan as of September 30, 2018.
(e)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. 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	97,641,191	JPMC		12/19/18		USD	70,564,020	$	57,767
AUD	385,000,000	JPMC		12/19/18		USD	278,234,495		227,777
CHF	88,827,000	UBSA		12/19/18		USD	92,583,482		(1,400,098	)
DKK	171,649,000	GSI		12/19/18		USD	27,064,269		(152,295	)
EUR	275,070,000	JPMC		12/19/18		USD	323,524,956		(2,061,580	)
EUR	307,587,950	JPMC		12/19/18		USD	361,771,105		(2,305,293	)
GBP	134,917,420	UBSA		12/19/18		USD	177,260,443		(749,000	)
HKD	301,422,000	HSBC		12/19/18		USD	38,466,108		80,670
JPY	21,555,791,089	GSI		12/19/18		USD	194,782,946		(3,889,009	)
SEK	129,892,026	DBAG		12/19/18		USD	14,605,326		109,998
SGD	23,561,000	HSBC		12/19/18		USD	17,239,222		24,779

BHFTI-41

Brighthouse Funds Trust I

BlackRock Global Tactical Strategies Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
EUR	8,951,195	UBSA		12/19/18		USD	10,518,594	$	57,688
GBP	17,555,962	UBSA		12/19/18		USD	23,156,718		188,385
JPY	8,000,000,000	GSI		12/19/18		USD	72,289,788		1,443,328
JPY	1,171,893,267	GSI		12/19/18		USD	10,497,064		119,003
Net Unrealized Depreciation								$	(8,247,880	)

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
Amsterdam AEX Index Futures		10/19/18		427			EUR	46,923,030		$	638,411
CAC 40 Index Futures		10/19/18		988			EUR	54,236,260			1,678,600
DAX Index Futures		12/21/18		148			EUR	45,293,550			844,850
Euro STOXX 50 Index Futures		12/21/18		4,238			EUR	143,541,060			3,146,882
FTSE 100 Index Futures		12/21/18		1,836			GBP	137,452,140			5,123,888
FTSE MIB Index Futures		12/21/18		158			EUR	16,337,990			(38,922	)
Hang Seng Index Futures		10/30/18		231			HKD	321,979,350			113,603
IBEX 35 Index Futures		10/19/18		213			EUR	19,953,840			(41,369	)
MSCI Singapore Index Futures		10/30/18		586			SGD	21,696,650			263,138
Nikkei 225 Index Futures		12/13/18		1,716			JPY	41,389,920,000			29,904,298
OMX Stockholm 30 Index Futures		10/19/18		1,785			SEK	296,310,000			422,430
Russell 2000 Index Mini Futures		12/21/18		4,084			USD	347,303,360			(3,930,522	)
S&P 500 Index E-Mini Futures		12/21/18		615			USD	89,759,250			250,129
SPI 200 Index Futures		12/20/18		639			AUD	98,949,150			289,610
TOPIX Index Futures		12/13/18		878			JPY	15,957,650,000			6,576,539
U.S. Treasury Long Bond Futures		12/19/18		2,016			USD	283,248,000			(8,343,583	)
U.S. Treasury Note 2 Year Futures		12/31/18		310			USD	65,327,657			(179,668	)
U.S. Treasury Note 5 Year Futures		12/31/18		2,328			USD	261,845,439			(1,853,564	)
U.S. Treasury Note Ultra 10 Year Futures		12/19/18		3,709			USD	467,334,000			1,177,289
Futures Contracts—Short
S&P 500 Index E-Mini Futures		12/21/18		(965	)		USD	(140,841,750	)		(419,485	)
U.S. Treasury Note 10 Year Futures		12/19/18		(3,338	)		USD	(396,491,813	)		(755,717	)
U.S. Treasury Ultra Long Bond Futures		12/19/18		(2,558	)		USD	(394,651,438	)		15,880,228
Net Unrealized Appreciation										$	50,747,065

Swap Agreements

OTC Total Return Swaps

Fixed Rate	Payment Frequency	Maturity Date	Counterparty	Underlying Reference Instrument	Notional Amount			Market Value		Upfront Premium Paid/(Received)		Unrealized Appreciation(1)
2.185%	Quarterly	02/26/19	JPMC	S&P GSCI Commodity Index		USD	289,166,885	$	11,360,574	$	—	$	11,360,574
1.000%	Annually	12/21/18	UBSA	MSCI Switzerland Net Return Index		CHF	90,327,774		930,129		—		930,129
Totals								$	12,290,703	$	—	$	12,290,703

Securities in the amount of $1,129,164 have been received at the custodian bank and are held as collateral for OTC swap contracts.

BHFTI-42

Brighthouse Funds Trust I

BlackRock Global Tactical Strategies Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

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		Unrealized Depreciation
Pay	3M LIBOR		Quarterly	2.470%	Semi-Annually		01/08/28		USD	260,000,000	$	(14,026,909	)	$	4,077	$	(14,030,986	)
Pay	3M LIBOR		Quarterly	2.495%	Semi-Annually		01/10/28		USD	298,000,000		(15,471,248	)		4,673		(15,475,921	)
Pay	3M LIBOR		Quarterly	2.550%	Semi-Annually		01/16/28		USD	302,000,000		(14,369,963	)		4,735		(14,374,698	)
Pay	3M LIBOR		Quarterly	2.560%	Semi-Annually		01/11/28		USD	285,573,598		(13,321,866	)		4,478		(13,326,344	)
Pay	3M LIBOR		Quarterly	2.570%	Semi-Annually		01/12/28		USD	320,000,000		(14,676,470	)		5,018		(14,681,488	)
Pay	3M LIBOR		Quarterly	2.570%	Semi-Annually		01/16/28		USD	312,000,000		(14,337,448	)		4,892		(14,342,340	)
Pay	3M LIBOR		Quarterly	2.575%	Semi-Annually		01/18/28		USD	321,000,000		(14,620,764	)		5,033		(14,625,797	)
Pay	3M LIBOR		Quarterly	2.610%	Semi-Annually		01/19/28		USD	134,000,000		(5,725,057	)		2,101		(5,727,158	)
Totals											$	(106,549,725	)	$	35,007	$	(106,584,732	)

(1) There is no upfront payment premium paid or (received), therefore Market Value equals Unrealized Appreciation/(Depreciation).    

Glossary of Abbreviations

Counterparties

(DBAG)—	Deutsche Bank AG
(GSI)—	Goldman Sachs International
(HSBC)—	HSBC Bank plc
(JPMC)—	JPMorgan Chase Bank N.A.
(UBSA)—	UBS AG

Currencies

(AUD)—	Australian Dollar
(CHF)—	Swiss Franc
(DKK)—	Danish Krone
(EUR)—	Euro
(GBP)—	British Pound
(HKD)—	Hong Kong Dollar
(JPY)—	Japanese Yen
(SEK)—	Swedish Krona
(SGD)—	Singapore Dollar
(USD)—	United States Dollar

Index Abbreviations

(FEDEFF PRV)—	Effective Federal Funds Rate
(LIBOR)—	London Interbank Offered Rate
(OBFR)—	U.S. Overnight Bank Funding Rate

Other Abbreviations

(ETF)— Exchange-Traded Fund

BHFTI-43

Brighthouse Funds Trust I

BlackRock Global Tactical Strategies Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1			Level 2			Level 3		Total
Mutual Funds
Investment Company Securities	$	4,367,359,762		$	—		$	—	$	4,367,359,762
Short-Term Investments
Mutual Fund		185,734,781			—			—		185,734,781
Repurchase Agreement		—			2,204,708,355			—		2,204,708,355
Total Short-Term Investments		185,734,781			2,204,708,355			—		2,390,443,136
Total Securities Lending Reinvestments*		—			1,631,317,241			—		1,631,317,241
Total Investments	$	4,553,094,543		$	3,836,025,596		$	—	$	8,389,120,139
Collateral for Securities Loaned (Liability)	$	—		$	(1,630,719,550	)	$	—	$	(1,630,719,550	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	2,309,395		$	—	$	2,309,395
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(10,557,275	)		—		(10,557,275	)
Total Forward Contracts	$	—		$	(8,247,880	)	$	—	$	(8,247,880	)
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	66,309,895		$	—		$	—	$	66,309,895
Futures Contracts (Unrealized Depreciation)		(15,562,830	)		—			—		(15,562,830	)
Total Futures Contracts	$	50,747,065		$			$	—	$	50,747,065
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Depreciation)	$	—		$	(106,584,732	)	$	—	$	(106,584,732	)
OTC Swap Contracts
OTC Swap Contracts at Value (Assets)	$	—		$	12,290,703		$	—	$	12,290,703

* See Consolidated Schedule of Investments for additional detailed categorizations.

BHFTI-44

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—79.4% of Net Assets

Security Description	Principal Amount*		Value
Advertising—0.3%
Acosta, Inc. 7.750%, 10/01/22 (144A)		323,000	$	109,820
Clear Channel International B.V. 8.750%, 12/15/20 (144A)		1,233,000		1,272,703
MDC Partners, Inc. 6.500%, 05/01/24 (144A) (a)		802,000		709,770
				2,092,293
Aerospace/Defense—2.1%
Arconic, Inc. 5.125%, 10/01/24		1,313,000		1,321,850
5.900%, 02/01/27		443,000		450,801
BBA U.S. Holdings, Inc. 5.375%, 05/01/26 (144A)		606,000		608,272
Bombardier, Inc. 5.750%, 03/15/22 (144A)		145,000		145,816
6.000%, 10/15/22 (144A)		27,000		27,068
6.125%, 01/15/23 (144A)		2,260,000		2,269,887
7.450%, 05/01/34 (144A)		316,000		320,740
7.500%, 12/01/24 (144A)		1,926,000		2,031,930
7.500%, 03/15/25 (144A)		2,392,000		2,466,750
7.750%, 03/15/20 (144A)		198,000		207,034
8.750%, 12/01/21 (144A)		1,033,000		1,142,343
Kratos Defense & Security Solutions, Inc. 6.500%, 11/30/25 (144A)		443,000		456,423
Pioneer Holdings LLC / Pioneer Finance Corp. 9.000%, 11/01/22 (144A)		362,000		373,765
TransDigm UK Holdings plc 6.875%, 05/15/26 (144A)		1,633,000		1,675,866
TransDigm, Inc. 6.500%, 07/15/24		772,000		790,914
6.500%, 05/15/25		154,000		156,887
				14,446,346
Airlines—0.0%
Virgin Australia Pass-Through Trust 7.125%, 10/23/18 (144A)		196,876		196,876
Apparel—0.0%
PVH Corp. 3.125%, 12/15/27 (EUR)		220,000		253,745
Auto Manufacturers—0.6%
Allison Transmission, Inc. 5.000%, 10/01/24 (144A)		36,000		35,820
Fiat Chrysler Automobiles NV 3.750%, 03/29/24 (EUR)		200,000		252,719
Fiat Chrysler Finance Europe S.A. 4.750%, 07/15/22 (EUR)		100,000		130,618
6.750%, 10/14/19 (EUR)		110,000		136,272
General Motors Financial Co., Inc. 5.750%, 3M LIBOR + 3.598%, 09/30/27 (b)		808,000		765,580
Jaguar Land Rover Automotive plc 4.500%, 01/15/26 (EUR)		101,000		114,473

Security Description	Principal Amount*		Value
Auto Manufacturers—(Continued)
JB Poindexter & Co., Inc. 7.125%, 04/15/26 (144A)		227,000	$	235,513
Navistar International Corp. 6.625%, 11/01/25 (144A)		617,000		641,680
Tesla, Inc. 5.300%, 08/15/25 (144A) (a)		1,194,000		1,005,945
Volvo Car AB 2.000%, 01/24/25 (EUR)		200,000		227,229
Wabash National Corp. 5.500%, 10/01/25 (144A)		513,000		489,915
				4,035,764
Auto Parts & Equipment—0.4%
Adient Global Holdings, Ltd. 3.500%, 08/15/24 (EUR)		200,000		216,118
Adler Pelzer Holding GmbH 4.125%, 04/01/24 (EUR)		175,000		203,418
Faurecia S.A. 3.625%, 06/15/23 (EUR)		100,000		120,517
Federal-Mogul LLC / Federal-Mogul Financing Corp. 5.000%, 07/15/24 (EUR)		332,000		410,100
GKN Holdings, Ltd. 3.375%, 05/12/32 (GBP)		200,000		256,770
Goodyear Dunlop Tires Europe B.V. 3.750%, 12/15/23 (EUR)		131,000		155,738
IHO Verwaltungs GmbH 2.750%, 3.500% PIK, 09/15/21 (EUR) (c)		100,000		117,566
3.250%, 4.000% PIK, 09/15/23 (EUR) (c)		300,000		358,475
3.750%, 4.500% PIK, 09/15/26 (EUR) (c)		250,000		299,478
4.500%, 5.250% PIK, 09/15/23 (144A) (c)		200,000		193,772
4.750%, 5.500% PIK, 09/15/26 (144A) (c)		270,000		254,475
LKQ Italia Bondco S.p.A. 3.875%, 04/01/24 (EUR)		200,000		246,038
				2,832,465
Banks—2.8%
Allied Irish Banks plc 4.125%, 5Y EUR Swap + 3.950%, 11/26/25 (EUR) (b)		225,000		276,780
Banco BPM S.p.A. 2.750%, 07/27/20 (EUR)		400,000		469,713
4.250%, 01/30/19 (EUR)		100,000		117,099
Banco Espirito Santo S.A. 2.625%, 05/08/17 (EUR) (d)		400,000		139,326
4.750%, 01/15/18 (EUR) (d)		1,000,000		333,802
Bank of America Corp. 5.125%, 3M LIBOR + 3.387%, 06/17/19 (b)		690,000		695,175
6.100%, 3M LIBOR + 3.898%, 03/17/25 (b)		879,000		921,851
6.250%, 3M LIBOR + 3.705%, 09/05/24 (b)		1,160,000		1,223,800
6.500%, 3M LIBOR + 4.174%, 10/23/24 (a) (b)		1,087,000		1,173,960
Bank of Ireland 4.250%, 5Y EUR Swap + 3.550%, 06/11/24 (EUR) (b)		320,000		380,203
Bankia S.A. 3.375%, 5Y EUR Swap + 3.350%, 03/15/27 (EUR) (b)		100,000		120,026
4.000%, 5Y EUR Swap + 3.166%, 05/22/24 (EUR) (b)		300,000		354,937

BHFTI-45

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
Barclays plc 2.625%, 5Y EUR Swap + 2.450%, 11/11/25 (EUR) (b)		100,000	$	117,611
4.375%, 09/11/24		1,330,000		1,282,895
5.200%, 05/12/26		400,000		393,024
CaixaBank S.A. 3.500%, 5Y EUR Swap + 3.350%, 02/15/27 (EUR) (b)		100,000		122,609
CIT Group, Inc. 5.250%, 03/07/25		283,000		288,660
5.800%, 3M LIBOR + 3.972%, 06/15/22 (a) (b)		569,000		560,465
6.000%, 04/01/36		1,550,000		1,445,375
6.125%, 03/09/28		222,000		231,990
Citigroup, Inc. 5.950%, 3M LIBOR + 4.095%, 08/15/20 (b)		425,000		437,559
Deutsche Pfandbriefbank AG 4.600%, 02/22/27 (EUR)		100,000		122,741
Goldman Sachs Group, Inc. (The) 5.000%, 3M LIBOR + 2.874%, 11/10/22 (b)		526,000		495,097
Hongkong & Shanghai Banking Corp., Ltd. (The) 2.563%, 3M LIBOR + 0.000%, 10/27/18 (b)		100,000		76,670
IKB Deutsche Industriebank AG 4.000%, 5Y EUR Swap + 3.617%, 01/31/28 (EUR) (b)		100,000		118,137
Intesa Sanpaolo S.p.A. 6.625%, 09/13/23 (EUR)		400,000		538,330
JPMorgan Chase & Co. 5.000%, 3M LIBOR + 3.320%, 07/01/19 (b)		350,000		352,625
5.300%, 3M LIBOR + 3.800%, 05/01/20 (a) (b)		2,335,000		2,387,537
6.100%, 3M LIBOR + 3.330%, 10/01/24 (b)		1,307,000		1,352,745
6.125%, 3M LIBOR + 3.330%, 04/30/24 (b)		243,000		253,055
Morgan Stanley 5.550%, 3M LIBOR + 3.810%, 07/15/20 (b)		345,000		354,142
National Westminster Bank plc 2.625%, 3M LIBOR + 0.250%, 11/28/18 (b)		100,000		80,996
Royal Bank of Scotland Group plc 8.625%, 5Y USD Swap + 7.598%, 08/15/21 (b)		238,000		254,958
UniCredit S.p.A. 4.375%, 5Y EUR Swap + 4.316%, 01/03/27 (EUR) (b)		200,000		239,042
5.750%, 5Y EUR Swap + 4.100%, 10/28/25 (EUR) (b)		150,000		184,288
6.950%, 10/31/22 (EUR)		200,000		266,985
Wells Fargo & Co. 5.875%, 3M LIBOR + 3.990%, 06/15/25 (a) (b)		1,335,000		1,404,273
5.900%, 3M LIBOR + 3.110%, 06/15/24 (a) (b)		180,000		182,700
				19,751,181
Building Materials—0.5%
American Woodmark Corp. 4.875%, 03/15/26 (144A) (a)		220,000		210,238
BMBG Bond Finance SCA 3.000%, 06/15/21 (EUR)		100,000		117,446
CPG Merger Sub LLC 8.000%, 10/01/21 (144A)		764,000		772,595
Jeld-Wen, Inc. 4.625%, 12/15/25 (144A)		311,000		286,897
4.875%, 12/15/27 (144A)		40,000		36,450
Masonite International Corp. 5.750%, 09/15/26 (144A)		354,000		354,885

Security Description	Principal Amount*		Value
Building Materials—(Continued)
Norbord, Inc. 6.250%, 04/15/23 (144A)		540,000	$	562,950
PGT Escrow Issuer, Inc. 6.750%, 08/01/26 (144A)		235,000		243,812
Standard Industries, Inc. 5.375%, 11/15/24 (144A)		112,000		111,860
Titan Global Finance plc 2.375%, 11/16/24 (EUR)		200,000		226,656
3.500%, 06/17/21 (EUR)		100,000		121,156
USG Corp. 4.875%, 06/01/27 (144A) (a)		234,000		236,576
				3,281,521
Chemicals—3.0%
Alpha 2 B.V. 8.750%, 9.500% PIK, 06/01/23 (144A) (c)		574,000		582,610
Alpha 3 B.V. / Alpha U.S. Bidco, Inc. 6.250%, 02/01/25 (144A) (a)		1,675,000		1,667,127
Axalta Coating Systems Dutch Holding B.V. 3.750%, 01/15/25 (EUR)		110,000		131,552
Axalta Coating Systems LLC 4.875%, 08/15/24 (144A)		459,000		449,820
Blue Cube Spinco LLC 9.750%, 10/15/23		775,000		876,719
10.000%, 10/15/25		846,000		972,900
CF Industries, Inc. 4.950%, 06/01/43 (a)		423,000		374,355
5.150%, 03/15/34		225,000		214,313
Chemours Co. (The) 4.000%, 05/15/26 (EUR)		483,000		561,432
5.375%, 05/15/27		955,000		921,575
6.625%, 05/15/23		91,000		95,058
Hexion, Inc. 6.625%, 04/15/20		406,000		381,640
10.375%, 02/01/22 (144A)		448,000		435,680
INEOS Finance plc 4.000%, 05/01/23 (EUR)		132,000		156,394
INEOS Group Holdings S.A. 5.375%, 08/01/24 (EUR)		100,000		122,051
Momentive Performance Materials, Inc. 3.880%, 10/24/21		1,802,000		1,948,412
NOVA Chemicals Corp. 4.875%, 06/01/24 (144A)		641,000		617,123
OCI NV 5.000%, 04/15/23 (EUR)		110,000		134,574
Olin Corp. 5.125%, 09/15/27		172,000		165,550
Platform Specialty Products Corp. 5.875%, 12/01/25 (144A) (a)		2,579,000		2,544,880
6.500%, 02/01/22 (144A)		4,644,000		4,748,490
PQ Corp. 5.750%, 12/15/25 (144A)		1,201,000		1,191,993
6.750%, 11/15/22 (144A)		588,000		610,785
PSPC Escrow Corp. 6.000%, 02/01/23 (EUR)		138,000		167,829

BHFTI-46

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Chemicals—(Continued)
Solvay Finance S.A. 5.118%, 5Y EUR Swap + 4.889%, 06/02/21 (EUR) (b)		200,000	$	255,436
Starfruit Finco B.V. / Starfruit U.S. Holdco LLC 6.500%, 10/01/26 (EUR)		124,000		145,424
8.000%, 10/01/26 (144A)		443,000		449,091
				20,922,813
Coal—0.3%
CONSOL Energy, Inc. 11.000%, 11/15/25 (144A)		1,106,000		1,252,545
SunCoke Energy Partners L.P. / SunCoke Energy Partners Finance Corp. 7.500%, 06/15/25 (144A)		649,000		668,470
				1,921,015
Commercial Services—3.3%
AA Bond Co., Ltd. 4.875%, 07/31/43 (GBP)		100,000		130,378
ADT Security Corp. (The) 3.500%, 07/15/22		691,000		653,859
4.125%, 06/15/23 (a)		318,000		304,081
4.875%, 07/15/32 (144A)		945,000		764,977
APX Group, Inc. 7.875%, 12/01/22 (a)		331,000		337,620
8.750%, 12/01/20 (a)		558,000		558,000
Ashtead Capital, Inc. 5.250%, 08/01/26 (144A)		521,000		526,340
Avis Budget Car Rental LLC / Avis Budget Finance, Inc. 5.125%, 06/01/22 (144A) (a)		757,000		776,966
Avis Budget Finance plc 4.750%, 01/30/26 (EUR)		265,000		307,678
Blitz F18-674 GmbH 6.000%, 07/30/26 (EUR)		100,000		117,119
Carriage Services, Inc. 6.625%, 06/01/26 (144A)		273,000		279,143
Cognita Financing plc 7.750%, 08/15/21 (GBP)		125,000		166,184
EC Finance plc 2.375%, 11/15/22 (EUR)		200,000		232,211
Financial & Risk U.S. Holdings, Inc. 4.500%, 05/15/26 (EUR)		188,000		216,553
4.500%, 05/15/26 (144A) (EUR)		895,000		1,033,944
6.250%, 05/15/26 (144A)		700,000		699,563
6.875%, 11/15/26 (EUR)		100,000		116,273
8.250%, 11/15/26 (144A)		1,440,000		1,431,274
Flexi-Van Leasing, Inc. 10.000%, 02/15/23 (144A)		219,000		190,530
Gartner, Inc. 5.125%, 04/01/25 (144A)		418,000		420,245
Graham Holdings Co. 5.750%, 06/01/26 (144A)		384,000		393,120
Herc Rentals, Inc. 7.500%, 06/01/22 (144A)		162,000		171,315
7.750%, 06/01/24 (144A)		319,000		343,263

Security Description	Principal Amount*		Value
Commercial Services—(Continued)
Hertz Corp. (The) 7.625%, 06/01/22 (144A)		908,000	$	896,650
Hertz Holdings Netherlands B.V. 5.500%, 03/30/23 (EUR)		177,000		209,804
Iron Mountain UK plc 3.875%, 11/15/25 (GBP)		110,000		136,205
Jaguar Holding Co. II / Pharmaceutical Product Development LLC 6.375%, 08/01/23 (144A)		2,853,000		2,874,397
Laureate Education, Inc. 8.250%, 05/01/25 (144A)		270,000		289,124
Loxam SAS 3.500%, 05/03/23 (EUR)		224,000		268,892
6.000%, 04/15/25 (EUR)		100,000		124,116
Matthews International Corp. 5.250%, 12/01/25 (144A)		23,000		22,253
Nexi Capital S.p.A. 3.625%, 3M EURIBOR + 3.625%, 05/01/23 (EUR) (b)		109,000		126,299
4.125%, 11/01/23 (EUR)		100,000		116,976
Nielsen Co. Luxembourg S.a.r.l. (The) 5.000%, 02/01/25 (144A) (a)		196,000		192,080
Nielsen Finance LLC / Nielsen Finance Co. 5.000%, 04/15/22 (144A)		743,000		725,161
Prime Security Services Borrower LLC / Prime Finance, Inc. 9.250%, 05/15/23 (144A)		2,326,000		2,487,657
Ritchie Bros Auctioneers, Inc. 5.375%, 01/15/25 (144A)		377,000		376,812
Service Corp. International 5.375%, 05/15/24		330,000		336,600
ServiceMaster Co. LLC (The) 5.125%, 11/15/24 (144A)		290,000		286,334
Team Health Holdings, Inc. 6.375%, 02/01/25 (144A) (a)		946,000		818,290
United Rentals North America, Inc. 4.625%, 10/15/25		538,000		521,860
4.875%, 01/15/28		355,000		332,813
Verisure Holding AB 6.000%, 11/01/22 (EUR)		112,500		135,111
Verisure Midholding AB 5.750%, 12/01/23 (EUR)		100,000		117,715
Verscend Escrow Corp. 9.750%, 08/15/26 (144A)		1,292,000		1,332,375
WEX, Inc. 4.750%, 02/01/23 (144A)		388,000		387,515
				23,285,675
Computers—1.2%
Banff Merger Sub, Inc. 8.375%, 09/01/26 (EUR)		240,000		280,725
9.750%, 09/01/26 (144A)		2,851,000		2,892,339
Booz Allen Hamilton, Inc. 5.125%, 05/01/25 (144A)		190,000		186,675
Dell International LLC / EMC Corp. 6.020%, 06/15/26 (144A)		635,000		676,241
7.125%, 06/15/24 (144A) (a)		1,453,000		1,560,667

BHFTI-47

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Computers—(Continued)
Harland Clarke Holdings Corp. 8.375%, 08/15/22 (144A)		306,000	$	293,378
Western Digital Corp. 4.750%, 02/15/26		2,529,000		2,445,733
				8,335,758
Distribution/Wholesale—0.9%
American Builders & Contractors Supply Co., Inc. 5.875%, 05/15/26 (144A)		737,000		738,843
Core & Main L.P. 6.125%, 08/15/25 (144A) (a)		931,000		894,914
HD Supply, Inc. 5.750%, 04/15/24 (144A) (e)		3,615,000		3,800,269
KAR Auction Services, Inc. 5.125%, 06/01/25 (144A)		569,000		551,930
Rexel S.A. 3.500%, 06/15/23 (EUR)		206,000		247,880
				6,233,836
Diversified Financial Services—3.9%
Alliance Data Systems Corp. 5.375%, 08/01/22 (144A)		1,080,000		1,088,100
5.875%, 11/01/21 (144A)		1,383,000		1,410,660
Ally Financial, Inc. 8.000%, 11/01/31		4,154,000		5,031,532
Arrow Global Finance plc 2.875%, 3M EURIBOR + 2.875%, 04/01/25 (EUR) (b)		100,000		108,542
3.750%, 3M EURIBOR + 3.750%, 03/01/26 (EUR) (b)		100,000		112,204
5.125%, 09/15/24 (GBP)		100,000		120,561
Banca IFIS S.p.A. 2.000%, 04/24/23 (EUR)		110,000		119,301
Blackstone CQP Holdco L.P. 6.000%, 08/18/21 (144A)		533,000		532,939
6.500%, 03/20/21 (144A)		3,261,000		3,270,565
Bracken MidCo1 plc 8.875%, 10/15/23 (GBP) (c)		100,000		129,525
Cabot Financial Luxembourg S.A. 7.500%, 10/01/23 (GBP)		200,000		254,156
Garfunkelux Holdco 3 S.A. 4.500%, 3M EURIBOR + 4.500%, 09/01/23 (EUR) (b)		100,000		103,310
Icahn Enterprises L.P. / Icahn Enterprises Finance Corp. 6.000%, 08/01/20		402,000		409,304
6.250%, 02/01/22		194,000		198,850
6.375%, 12/15/25		722,000		724,708
6.750%, 02/01/24		315,000		322,481
Intrum AB 2.750%, 07/15/22 (EUR)		200,000		224,754
Jefferies Finance LLC / JFIN Co-Issuer Corp. 6.875%, 04/15/22 (144A)		1,447,000		1,454,235
7.375%, 04/01/20 (144A)		305,000		309,956
Jerrold Finco plc 6.125%, 01/15/24 (GBP)		100,000		130,976
6.250%, 09/15/21 (GBP)		100,000		133,599

Security Description	Principal Amount*		Value
Diversified Financial Services—(Continued)
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp. 5.250%, 03/15/22 (144A)		57,000	$	57,143
5.250%, 10/01/25 (144A)		672,000		631,680
Lehman Brothers Holdings, Inc. Zero Coupon, 02/05/14 (EUR) (d) (f)		4,500,000		177,641
4.750%, 01/16/14 (EUR) (d) (f)		2,140,000		84,478
5.375%, 10/17/12 (EUR) (d) (f)		350,000		13,817
LHC3 plc 4.125%, 4.875% PIK, 08/15/24 (EUR) (c)		202,000		233,884
Lincoln Finance, Ltd. 6.875%, 04/15/21 (EUR)		100,000		120,166
Lions Gate Capital Holdings LLC 5.875%, 11/01/24 (144A)		212,000		217,300
Mulhacen Pte, Ltd. 6.500%, 7.250% PIK, 08/01/23 (EUR) (c)		271,000		313,884
Nationstar Mortgage Holdings, Inc. 8.125%, 07/15/23 (144A)		606,000		634,664
9.125%, 07/15/26 (144A)		411,000		430,523
Navient Corp. 5.625%, 08/01/33		500,000		418,750
5.875%, 10/25/24		167,000		163,030
6.500%, 06/15/22		183,000		190,091
6.625%, 07/26/21		422,000		439,935
6.750%, 06/25/25		257,000		258,606
6.750%, 06/15/26		823,000		814,770
7.250%, 09/25/23		436,000		462,160
NFP Corp. 6.875%, 07/15/25 (144A)		193,000		193,000
Pershing Square Holdings, Ltd. 5.500%, 07/15/22 (144A) (g)		1,000,000		1,005,150
Springleaf Finance Corp. 5.625%, 03/15/23		70,000		69,738
6.875%, 03/15/25		712,000		711,644
7.125%, 03/15/26		947,000		945,224
Tempo Acquisition LLC / Tempo Acquisition Finance Corp. 6.750%, 06/01/25 (144A)		1,222,000		1,188,395
Travelport Corporate Finance plc 6.000%, 03/15/26 (144A)		385,000		391,033
Vantiv LLC / Vanity Issuer Corp. 3.875%, 11/15/25 (144A) (GBP)		155,000		197,017
4.375%, 11/15/25 (144A)		404,000		383,800
				26,937,781
Electric—1.6%
AES Corp. 5.125%, 09/01/27		691,000		697,910
5.500%, 04/15/25		477,000		488,925
6.000%, 05/15/26		602,000		634,358
Calpine Corp. 5.250%, 06/01/26 (144A)		1,892,000		1,752,465
5.375%, 01/15/23 (a)		673,000		632,620
5.750%, 01/15/25 (a)		370,000		327,450
5.875%, 01/15/24 (144A)		568,000		572,260

BHFTI-48

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Electric—(Continued)
Cheniere Energy Partners LLC 5.750%, 10/15/25 (144A)		974,000	$	983,131
Clearway Energy Operating LLC 5.375%, 08/15/24		507,000		509,535
ContourGlobal Power Holdings S.A. 3.375%, 08/01/23 (EUR)		201,000		233,196
Enel S.p.A. 6.625%, 5Y GBP Swap + 4.089%, 09/15/76 (GBP) (b)		100,000		140,955
7.750%, 5Y GBP Swap + 5.662%, 09/10/75 (GBP) (b)		100,000		141,745
Gas Natural Fenosa Finance B.V. 3.375%, 9Y EUR Swap + 3.039%, 04/24/24 (EUR) (b)		100,000		115,670
4.125%, 8Y EUR Swap + 3.353%, 11/18/22 (EUR) (b)		200,000		243,830
NextEra Energy Operating Partners L.P. 4.250%, 09/15/24 (144A) (a)		315,000		308,700
4.500%, 09/15/27 (144A)		92,000		88,090
NRG Energy, Inc. 5.750%, 01/15/28 (144A) (a)		246,000		248,460
6.625%, 01/15/27		1,690,000		1,773,655
Orano SA 4.875%, 09/23/24 (EUR)		200,000		238,131
Origin Energy Finance, Ltd. 4.000%, 5Y EUR Swap + 3.670%, 09/16/74 (EUR) (b)		100,000		119,275
RWE AG 2.750%, 5Y EUR Swap + 2.643%, 04/21/75 (EUR) (b)		199,000		235,996
Talen Energy Supply LLC 6.500%, 06/01/25		402,000		309,540
Vistra Energy Corp. 7.625%, 11/01/24		213,000		229,241
Vistra Operations Co. LLC 5.500%, 09/01/26 (144A)		468,000		473,265
				11,498,403
Electrical Components & Equipment—0.1%
Belden, Inc. 4.125%, 10/15/26 (EUR)		100,000		123,071
Energizer Gamma Acquisition BV 4.625%, 07/15/26 (EUR)		271,000		326,444
Energizer Gamma Acquisition, Inc. 6.375%, 07/15/26 (144A) (a)		393,000		406,264
Senvion Holding GmbH 3.875%, 10/25/22 (EUR)		104,000		108,234
				964,013
Electronics—0.2%
Itron, Inc. 5.000%, 01/15/26 (144A)		55,000		52,800
Sensata Technologies B.V. 5.000%, 10/01/25 (144A)		1,017,000		1,015,698
				1,068,498
Energy-Alternate Sources—0.2%
Pattern Energy Group, Inc. 5.875%, 02/01/24 (144A)		533,000		538,330

Security Description	Principal Amount*		Value
Energy-Alternate Sources—(Continued)
TerraForm Power Operating LLC 4.250%, 01/31/23 (144A)		413,000	$	403,708
5.000%, 01/31/28 (144A)		412,000		383,160
				1,325,198
Engineering & Construction—0.5%
Brand Industrial Services, Inc. 8.500%, 07/15/25 (144A)		681,000		699,986
Engility Corp. 8.875%, 09/01/24		437,000		475,238
Frontdoor, Inc. 6.750%, 08/15/26 (144A)		326,000		335,780
New Enterprise Stone & Lime Co., Inc. 6.250%, 03/15/26 (144A)		166,000		167,245
10.125%, 04/01/22 (144A)		384,000		411,120
Pisces Midco, Inc. 8.000%, 04/15/26 (144A)		412,000		414,575
SPIE S.A. 3.125%, 03/22/24 (EUR)		100,000		117,411
Tutor Perini Corp. 6.875%, 05/01/25 (144A) (a)		386,000		396,615
Weekley Homes LLC / Weekley Finance Corp. 6.625%, 08/15/25		142,000		135,255
WFS Global Holding SAS 9.500%, 07/15/22 (EUR)		100,000		121,620
				3,274,845
Entertainment—1.1%
Boyne USA, Inc. 7.250%, 05/01/25 (144A)		176,000		186,120
Churchill Downs, Inc. 4.750%, 01/15/28 (144A)		150,000		140,250
Codere Finance 2 Luxembourg S.A. 6.750%, 11/01/21 (EUR)		100,000		109,211
CPUK Finance, Ltd. 4.250%, 02/28/47 (GBP)		200,000		260,426
4.875%, 02/28/47 (GBP)		100,000		129,850
CRC Escrow Issuer LLC / CRC Finco, Inc. 5.250%, 10/15/25 (144A)		710,000		676,275
Delta Merger Sub, Inc. 6.000%, 09/15/26 (144A)		259,000		262,237
Eldorado Resorts, Inc. 6.000%, 04/01/25		222,000		224,775
GLP Capital L.P. / GLP Financing II, Inc. 5.250%, 06/01/25		134,000		136,119
5.375%, 11/01/23		114,000		118,104
5.375%, 04/15/26		981,000		996,215
International Game Technology plc 4.750%, 02/15/23 (EUR)		100,000		125,103
6.250%, 01/15/27 (144A) (a)		496,000		502,510
Ladbrokes Group Finance plc 5.125%, 09/08/23 (GBP)		200,000		273,966
LHMC Finco Sarl 6.250%, 12/20/23 (EUR)		100,000		120,024

BHFTI-49

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Entertainment—(Continued)
Live Nation Entertainment, Inc. 4.875%, 11/01/24 (144A)		67,000	$	65,828
Scientific Games International, Inc. 3.375%, 02/15/26 (EUR)		200,000		220,631
5.000%, 10/15/25 (144A)		1,280,000		1,216,000
Sisal Group S.p.A. 7.000%, 07/31/23 (EUR)		279,000		332,832
Six Flags Entertainment Corp. 4.875%, 07/31/24 (144A)		529,000		518,155
Stars Group Holdings B.V. / Stars Group US Co-Borrower LLC 7.000%, 07/15/26 (144A)		404,000		416,803
Vue International Bidco plc 7.875%, 07/15/20 (GBP)		182,000		237,812
Waterford Gaming LLC / Waterford Gaming Financial Corp. 8.625%, 09/15/49 (144A) (d) (h) (i)		294,455		0
WMG Acquisition Corp. 4.125%, 11/01/24 (EUR)		100,000		120,155
5.500%, 04/15/26 (144A)		267,000		264,997
				7,654,398
Environmental Control—0.4%
Advanced Disposal Services, Inc. 5.625%, 11/15/24 (144A)		365,000		369,011
Hulk Finance Corp. 7.000%, 06/01/26 (144A)		490,000		473,462
Paprec Holding S.A. 4.000%, 03/31/25 (EUR)		100,000		116,819
Tervita Escrow Corp. 7.625%, 12/01/21 (144A)		968,000		998,250
Waste Pro USA, Inc. 5.500%, 02/15/26 (144A)		179,000		174,973
Wrangler Buyer Corp. 6.000%, 10/01/25 (144A)		615,000		596,298
				2,728,813
Food—0.8%
Albertsons Cos. LLC / Safeway, Inc. / New Albertson’s, Inc. / Albertson’s LLC 5.750%, 03/15/25		318,000		284,610
6.625%, 06/15/24		253,000		243,196
Casino Guichard Perrachon S.A. 4.498%, 03/07/24 (EUR)		300,000		331,472
4.561%, 01/25/23 (EUR)		200,000		224,692
Chobani LLC / Chobani Finance Corp., Inc. 7.500%, 04/15/25 (144A) (a)		542,000		492,542
JBS USA LUX S.A. / JBS USA Finance, Inc. 5.750%, 06/15/25 (144A)		2,014,000		1,961,132
5.875%, 07/15/24 (144A)		829,000		816,565
6.750%, 02/15/28 (144A)		720,000		715,500
Post Holdings, Inc. 5.500%, 03/01/25 (144A)		142,000		140,864
5.750%, 03/01/27 (144A)		105,000		103,163
Simmons Foods, Inc. 7.750%, 01/15/24 (144A)		299,000		309,465
				5,623,201

Security Description	Principal Amount*		Value
Food Service—0.2%
Aramark Services, Inc. 4.750%, 06/01/26		410,000	$	401,800
5.000%, 04/01/25 (144A)		7,000		7,026
5.000%, 02/01/28 (144A) (a)		1,010,000		989,800
				1,398,626
Forest Products & Paper—0.1%
Mercer International, Inc. 5.500%, 01/15/26		266,000		260,680
6.500%, 02/01/24		272,000		279,804
Sappi Papier Holding GmbH 4.000%, 04/01/23 (EUR)		100,000		119,922
Smurfit Kappa Acquisitions ULC 2.875%, 01/15/26 (EUR)		176,000		210,731
				871,137
Gas—0.3%
NGL Energy Partners L.P. / NGL Energy Finance Corp. 6.875%, 10/15/21		1,299,000		1,324,707
Superior Plus LP/Superior General Partner, Inc. 7.000%, 07/15/26 (144A)		695,000		701,950
				2,026,657
Healthcare-Products—1.7%
AHP Health Partners, Inc. 9.750%, 07/15/26 (144A)		310,000		323,175
Avantor, Inc. 4.750%, 10/01/24 (EUR)		107,000		128,692
6.000%, 10/01/24 (144A)		3,169,000		3,216,535
9.000%, 10/01/25 (144A)		1,098,000		1,132,312
DJO Finance LLC / DJO Finance Corp. 8.125%, 06/15/21 (144A)		1,879,000		1,918,929
Immucor, Inc. 11.125%, 02/15/22 (144A)		216,000		218,700
Mallinckrodt International Finance S.A. / Mallinckrodt CB LLC 4.875%, 04/15/20 (144A) (a)		155,000		153,450
5.500%, 04/15/25 (144A)		635,000		536,257
5.625%, 10/15/23 (144A) (a)		146,000		129,210
5.750%, 08/01/22 (144A) (a)		387,000		357,008
Ortho-Clinical Diagnostics, Inc. / Ortho-Clinical Diagnostics S.A. 6.625%, 05/15/22 (144A) (a)		3,303,000		3,227,031
Sotera Health Holdings LLC 6.500%, 05/15/23 (144A)		611,000		629,330
				11,970,629
Healthcare-Services—4.6%
Acadia Healthcare Co., Inc. 5.125%, 07/01/22		155,000		154,613
5.625%, 02/15/23		406,000		408,030
6.500%, 03/01/24		905,000		935,544
Catalent Pharma Solutions, Inc. 4.875%, 01/15/26 (144A)		564,000		542,850
Centene Corp. 4.750%, 01/15/25		474,000		472,815
5.375%, 06/01/26 (144A)		3,516,000		3,603,900

BHFTI-50

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Healthcare-Services—(Continued)
Charles River Laboratories International, Inc. 5.500%, 04/01/26 (144A)		281,000	$	285,215
CHS/Community Health Systems Inc. 8.625%, 01/15/24 (144A) (a)		747,000		774,079
DaVita, Inc. 5.000%, 05/01/25		124,000		119,002
5.125%, 07/15/24		455,000		439,075
Eagle Holding Co. II LLC 7.625%, 8.375% PIK, 05/15/22 (144A) (c)		487,000		493,087
HCA, Inc. 4.500%, 02/15/27		1,373,000		1,348,972
5.000%, 03/15/24		2,698,000		2,765,450
5.250%, 04/15/25		1,760,000		1,815,000
5.250%, 06/15/26		775,000		797,281
5.375%, 09/01/26		797,000		806,564
5.500%, 06/15/47 (a)		2,785,000		2,823,294
5.625%, 09/01/28		844,000		848,220
MEDNAX, Inc. 5.250%, 12/01/23 (144A)		257,000		257,321
Molina Healthcare, Inc. 4.875%, 06/15/25 (144A)		252,000		247,590
MPH Acquisition Holdings LLC 7.125%, 06/01/24 (144A)		1,137,000		1,181,911
Polaris Intermediate Corp. 8.500%, 9.250% PIK, 12/01/22 (144A) (c)		1,971,000		2,036,516
RegionalCare Hospital Partners Holdings, Inc. 8.250%, 05/01/23 (144A)		395,000		414,750
Surgery Center Holdings, Inc. 6.750%, 07/01/25 (144A) (a)		644,000		616,630
Surgery Center Holdings, Inc. 8.875%, 04/15/21 (144A) (a)		329,000		342,571
Syneos Health, Inc. / inVentiv Health, Inc. / inVentiv Health Clinical, Inc. 7.500%, 10/01/24 (144A)		439,000		464,243
Synlab Bondco plc 6.250%, 07/01/22 (EUR)		155,000		186,040
Synlab Unsecured Bondco plc 8.250%, 07/01/23 (EUR)		100,000		123,733
Tenet Healthcare Corp. 4.625%, 07/15/24		2,597,000		2,524,284
6.750%, 06/15/23 (a)		919,000		915,554
6.875%, 11/15/31		678,000		606,946
7.500%, 01/01/22 (144A)		410,000		427,938
8.125%, 04/01/22		1,448,000		1,525,902
Unilabs Subholding AB 5.750%, 05/15/25 (EUR)		100,000		113,276
WellCare Health Plans, Inc. 5.250%, 04/01/25		52,000		52,845
5.375%, 08/15/26 (144A)		700,000		712,250
				32,183,291
Home Builders—1.0%
Brookfield Residential Properties, Inc. / Brookfield Residential U.S. Corp. 6.125%, 07/01/22 (144A)		793,000		793,000

Security Description	Principal Amount*		Value
Home Builders—(Continued)
K Hovnanian Enterprises, Inc. 10.000%, 07/15/22 (144A)		396,000	$	394,515
Lennar Corp. 4.750%, 11/29/27		1,545,000		1,487,062
4.875%, 12/15/23		139,000		140,216
5.250%, 06/01/26		881,000		874,392
Mattamy Group Corp. 6.500%, 10/01/25 (144A)		92,000		89,240
6.875%, 12/15/23 (144A)		387,000		389,419
MDC Holdings, Inc. 6.000%, 01/15/43		268,000		228,470
Meritage Homes Corp. 5.125%, 06/06/27		186,000		171,585
PulteGroup, Inc. 6.000%, 02/15/35		583,000		549,478
6.375%, 05/15/33		548,000		526,080
TRI Pointe Group, Inc. 4.875%, 07/01/21		288,000		288,000
5.250%, 06/01/27		174,000		155,295
TRI Pointe Group, Inc. / TRI Pointe Homes, Inc. 5.875%, 06/15/24		167,000		165,748
William Lyon Homes, Inc. 5.875%, 01/31/25		233,000		216,399
6.000%, 09/01/23		126,000		121,590
Williams Scotsman International, Inc. 6.875%, 08/15/23 (144A)		414,000		410,895
7.875%, 12/15/22 (144A)		248,000		255,440
				7,256,824
Home Furnishings—0.0%
Tempur Sealy International, Inc. 5.500%, 06/15/26		114,000		109,298
Household Products/Wares—0.1%
Prestige Brands, Inc. 6.375%, 03/01/24 (144A) (a)		10,000		10,113
Spectrum Brands, Inc. 5.750%, 07/15/25		504,000		509,040
				519,153
Insurance—0.8%
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer 8.250%, 08/01/23 (144A)		2,404,000		2,488,140
AmWINS Group, Inc. 7.750%, 07/01/26 (144A)		426,000		443,040
Ardonagh Midco 3 plc 8.375%, 07/15/23 (GBP)		100,000		126,456
Ardonagh Midco 3 plc 8.625%, 07/15/23 (144A) (a)		228,000		225,150
Assicurazioni Generali S.p.A. 5.500%, 3M EURIBOR + 5.350%, 10/27/47 (EUR) (b)		100,000		123,141
6.416%, 3M GBP LIBOR + 2.200%, 02/08/22 (GBP) (b)		100,000		134,087
7.750%, 3M EURIBOR + 7.113%, 12/12/42 (EUR) (b)		200,000		272,807
AssuredPartners, Inc. 7.000%, 08/15/25 (144A)		37,000		36,630

BHFTI-51

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Insurance—(Continued)
BNP Paribas Cardif S.A. 4.032%, 3M EURIBOR + 3.930%, 11/25/25 (EUR) (b)		100,000	$	122,040
Caisse Nationale de Reassurance Mutuelle Agricole Groupama 6.000%, 01/23/27 (EUR)		100,000		139,274
6.375%, 3M EURIBOR + 5.770%, 05/28/24 (EUR) (b)		100,000		131,399
Credit Agricole Assurances S.A. 4.500%, 5Y EUR Swap + 4.350%, 10/14/25 (EUR) (b)		100,000		124,083
HUB International, Ltd. 7.000%, 05/01/26 (144A)		1,236,000		1,237,619
Mapfre S.A. 4.125%, 3M EURIBOR + 4.300%, 09/07/48 (EUR) (b)		100,000		115,808
USIS Merger Sub, Inc. 6.875%, 05/01/25 (144A)		145,000		144,637
				5,864,311
Internet—0.8%
Netflix, Inc. 4.375%, 11/15/26		251,000		235,810
5.875%, 11/15/28 (144A)		1,105,000		1,104,249
Symantec Corp. 5.000%, 04/15/25 (144A)		383,000		379,551
United Group B.V. 4.375%, 07/01/22 (EUR)		126,000		150,328
4.375%, 3M EURIBOR + 4.375%, 07/01/23 (EUR) (b)		132,000		154,025
4.875%, 07/01/24 (EUR)		200,000		238,642
Zayo Group LLC / Zayo Capital, Inc. 5.750%, 01/15/27 (144A)		2,454,000		2,458,908
6.000%, 04/01/23		356,000		366,680
6.375%, 05/15/25		238,000		247,287
				5,335,480
Investment Company Security—0.1%
FS Energy & Power Fund 7.500%, 08/15/23 (144A)		580,000		591,600
Iron/Steel—0.5%
Big River Steel LLC / BRS Finance Corp. 7.250%, 09/01/25 (144A)		413,000		437,780
Cleveland-Cliffs, Inc. 4.875%, 01/15/24 (144A)		424,000		417,640
SCHMOLZ + BICKENBACH Luxembourg Finance S.A. 5.625%, 07/15/22 (EUR)		100,000		120,743
Steel Dynamics, Inc. 4.125%, 09/15/25		445,000		426,177
5.000%, 12/15/26		120,000		119,400
5.250%, 04/15/23		104,000		105,539
5.500%, 10/01/24		140,000		143,255
United States Steel Corp. 6.250%, 03/15/26		1,060,000		1,050,725
6.875%, 08/15/25		597,000		609,686
				3,430,945
Leisure Time—0.5%
Pinnacle Bidco plc 6.375%, 02/15/25 (GBP)		100,000		133,919

Security Description	Principal Amount*		Value
Leisure Time—(Continued)
Sabre GLBL, Inc. 5.250%, 11/15/23 (144A)		321,000	$	321,000
5.375%, 04/15/23 (144A)		536,000		537,260
Viking Cruises, Ltd. 5.875%, 09/15/27 (144A)		1,513,000		1,476,385
6.250%, 05/15/25 (144A)		1,155,000		1,155,000
				3,623,564
Lodging—0.8%
Boyd Gaming Corp. 6.000%, 08/15/26		432,000		435,240
Hilton Domestic Operating Co., Inc. 5.125%, 05/01/26 (144A)		660,000		655,875
Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp. 4.625%, 04/01/25		66,000		64,812
Marriott Ownership Resorts, Inc. 6.500%, 09/15/26 (144A)		450,000		461,880
MGM Resorts International 6.625%, 12/15/21		939,000		994,871
7.750%, 03/15/22		1,082,000		1,186,175
Station Casinos LLC 5.000%, 10/01/25 (144A)		728,000		697,278
Wyndham Destinations, Inc. 3.900%, 03/01/23		256,000		236,800
4.150%, 04/01/24		19,000		18,430
4.500%, 04/01/27		150,000		141,375
Wynn Macau, Ltd. 4.875%, 10/01/24 (144A)		200,000		188,278
5.500%, 10/01/27 (144A)		600,000		561,750
				5,642,764
Machinery-Construction & Mining—0.3%
BWX Technologies, Inc. 5.375%, 07/15/26 (144A)		340,000		341,275
Terex Corp. 5.625%, 02/01/25 (144A)		364,000		361,725
Vertiv Group Corp. 9.250%, 10/15/24 (144A)		1,310,000		1,362,400
				2,065,400
Machinery-Diversified—0.5%
Mueller Water Products, Inc. 5.500%, 06/15/26 (144A)		378,000		379,890
Platin 1426 GmbH 5.375%, 06/15/23 (EUR)		235,000		269,267
RBS Global, Inc. / Rexnord LLC 4.875%, 12/15/25 (144A)		642,000		611,505
SPX FLOW, Inc. 5.625%, 08/15/24 (144A)		225,000		226,100
5.875%, 08/15/26 (144A)		256,000		257,280
Stevens Holding Co., Inc. 6.125%, 10/01/26 (144A)		421,000		427,842
Titan Acquisition, Ltd. / Titan Co-Borrower LLC 7.750%, 04/15/26 (144A)		1,120,000		971,600
				3,143,484

BHFTI-52

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Media—8.2%
Altice Financing S.A. 6.625%, 02/15/23 (144A) (a)		600,000	$	604,500
7.500%, 05/15/26 (144A)		642,000		625,950
Altice Finco S.A. 4.750%, 01/15/28 (EUR)		100,000		97,969
Altice France S.A. 5.875%, 02/01/27 (EUR)		106,000		128,302
7.375%, 05/01/26 (144A) (a)		2,346,000		2,348,463
8.125%, 02/01/27 (144A)		2,098,000		2,155,695
Altice Luxembourg S.A. 7.750%, 05/15/22 (144A) (a)		3,274,000		3,186,420
Altice U.S. Finance I Corp. 5.375%, 07/15/23 (144A)		1,746,000		1,765,643
5.500%, 05/15/26 (144A)		1,664,000		1,659,008
AMC Networks, Inc. 4.750%, 08/01/25		414,000		397,262
5.000%, 04/01/24		210,000		206,850
Cablevision Systems Corp. 8.000%, 04/15/20 (a)		1,109,000		1,168,609
CBS Radio, Inc. 7.250%, 11/01/24 (144A)		36,000		34,595
CCO Holdings LLC / CCO Holdings Capital Corp. 4.000%, 03/01/23 (144A)		166,000		158,912
5.000%, 02/01/28 (144A)		2,045,000		1,922,095
5.125%, 05/01/27 (144A)		4,750,000		4,503,522
Cequel Communications Holdings I LLC / Cequel Capital Corp. 5.125%, 12/15/21 (144A)		2,343,000		2,354,052
7.500%, 04/01/28 (144A)		1,067,000		1,117,683
7.750%, 07/15/25 (144A)		1,518,000		1,616,670
Clear Channel Worldwide Holdings, Inc. 6.500%, 11/15/22		5,371,000		5,478,549
7.625%, 03/15/20		2,056,000		2,061,140
CSC Holdings LLC 5.250%, 06/01/24 (a)		1,188,000		1,161,270
6.625%, 10/15/25 (144A)		544,000		573,240
10.875%, 10/15/25 (144A)		3,946,000		4,582,292
DISH DBS Corp. 5.000%, 03/15/23 (a)		1,456,000		1,321,218
5.875%, 07/15/22		1,940,000		1,892,713
5.875%, 11/15/24 (a)		497,000		446,679
6.750%, 06/01/21		446,000		455,478
7.750%, 07/01/26 (a)		380,000		360,050
Meredith Corp. 6.875%, 02/01/26 (144A)		352,000		360,800
Midcontinent Communications / Midcontinent Finance Corp. 6.875%, 08/15/23 (144A)		568,000		594,440
NBCUniversal Enterprise, Inc. 5.250%, 12/31/49 (144A)		255,000		258,569
Radiate Holdco LLC / Radiate Finance, Inc. 6.625%, 02/15/25 (144A) (a)		493,000		460,955
6.875%, 02/15/23 (144A)		136,000		130,900
Sirius XM Radio, Inc. 5.000%, 08/01/27 (144A)		1,072,000		1,031,489
TEGNA, Inc. 5.500%, 09/15/24 (144A) (a)		158,000		159,778

Security Description	Principal Amount*		Value
Media—(Continued)
Telenet Finance Luxembourg Notes S.a.r.l. 5.500%, 03/01/28 (144A)		1,000,000	$	940,000
Telenet Finance VI Luxembourg SCA 4.875%, 07/15/27 (EUR)		331,200		415,753
Tribune Media Co. 5.875%, 07/15/22		656,000		669,940
Unitymedia GmbH 3.750%, 01/15/27 (EUR)		200,000		245,184
Unitymedia Hessen GmbH & Co. KG / Unitymedia NRW GmbH 3.500%, 01/15/27 (EUR)		100,000		122,491
Univision Communications, Inc. 5.125%, 02/15/25 (144A) (a)		906,000		847,110
UPC Holding B.V. 5.500%, 01/15/28 (144A)		200,000		189,770
UPCB Finance IV, Ltd. 5.375%, 01/15/25 (144A)		250,000		249,690
UPCB Finance VII, Ltd. 3.625%, 06/15/29 (EUR)		100,000		115,525
UPCB Finance, Ltd. 4.000%, 01/15/27 (EUR)		90,000		107,773
Videotron, Ltd. 5.125%, 04/15/27 (144A)		1,043,000		1,023,496
Virgin Media Finance plc 4.500%, 01/15/25 (EUR)		100,000		118,708
5.750%, 01/15/25 (144A)		1,639,000		1,620,758
Virgin Media Receivables Financing Notes I DAC 5.500%, 09/15/24 (GBP)		259,000		338,424
Virgin Media Receivables Financing Notes II DAC 5.750%, 04/15/23 (GBP)		100,000		133,578
Virgin Media Secured Finance plc 4.875%, 01/15/27 (GBP)		100,000		128,116
5.500%, 01/15/25 (GBP)		450,000		601,193
6.250%, 03/28/29 (GBP)		100,000		136,453
Ziggo B.V. 4.250%, 01/15/27 (EUR)		100,000		115,853
5.500%, 01/15/27 (144A)		491,000		460,681
Ziggo Bond Co. B.V. 7.125%, 05/15/24 (EUR)		150,000		186,117
Ziggo Bond Finance B.V. 5.875%, 01/15/25 (144A)		715,000		671,206
				56,819,579
Metal Fabricate/Hardware—0.5%
Grinding Media, Inc. / Moly-Cop AltaSteel, Ltd. 7.375%, 12/15/23 (144A)		527,000		548,470
Novelis Corp. 5.875%, 09/30/26 (144A)		1,087,000		1,061,184
6.250%, 08/15/24 (144A)		1,889,000		1,926,780
				3,536,434
Mining—1.8%
Alcoa Nederland Holding B.V. 6.125%, 05/15/28 (144A)		213,000		218,858
Constellium NV 4.250%, 02/15/26 (EUR)		100,000		117,835

BHFTI-53

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Mining—(Continued)
Constellium NV
5.750%, 05/15/24 (144A)		428,000	$	425,325
5.875%, 02/15/26 (144A)		1,210,000		1,184,287
6.625%, 03/01/25 (144A)		280,000		283,500
First Quantum Minerals, Ltd. 7.250%, 05/15/22 (144A)		431,000		421,841
Freeport-McMoRan, Inc. 3.550%, 03/01/22		1,746,000		1,697,985
3.875%, 03/15/23		1,106,000		1,069,967
4.000%, 11/14/21		591,000		585,829
4.550%, 11/14/24		409,000		396,730
5.400%, 11/14/34		298,000		280,120
5.450%, 03/15/43		3,693,000		3,351,397
Joseph T Ryerson & Son, Inc. 11.000%, 05/15/22 (144A)		440,000		480,212
Kaiser Aluminum Corp. 5.875%, 05/15/24		286,000		292,349
Nyrstar Netherlands Holdings B.V. 6.875%, 03/15/24 (EUR)		180,000		157,787
Teck Resources, Ltd. 4.500%, 01/15/21		41,000		41,410
5.200%, 03/01/42		680,000		627,300
5.400%, 02/01/43		738,000		695,565
				12,328,297
Miscellaneous Manufacturing—0.3%
Colfax Corp. 3.250%, 05/15/25 (EUR)		234,000		275,066
EnPro Industries, Inc. 5.875%, 09/15/22		266,000		270,988
Gates Global LLC / Gates Global Co. 6.000%, 07/15/22 (144A)		714,000		718,462
Koppers, Inc. 6.000%, 02/15/25 (144A) (a)		548,000		546,630
				1,811,146
Office/Business Equipment—0.2%
CDW LLC / CDW Finance Corp. 5.000%, 09/01/25		257,000		256,036
5.500%, 12/01/24		875,000		905,625
				1,161,661
Oil & Gas—9.5%
Antero Resources Corp. 5.000%, 03/01/25		824,000		830,180
5.125%, 12/01/22		234,000		236,925
5.625%, 06/01/23		185,000		189,394
Ascent Resources Utica Holdings LLC / ARU Finance Corp. 7.000%, 11/01/26 (144A)		446,000		442,989
10.000%, 04/01/22 (144A)		451,000		508,502
Berry Petroleum Co. LLC 7.000%, 02/15/26 (144A)		594,000		614,790
Bruin E&P Partners LLC 8.875%, 08/01/23 (144A)		700,000		721,000

Security Description	Principal Amount*		Value
Oil & Gas—(Continued)
California Resources Corp. 8.000%, 12/15/22 (144A)		628,000	$	598,955
Callon Petroleum Co. 6.125%, 10/01/24		449,000		456,857
6.375%, 07/01/26		247,000		251,323
Calumet Specialty Products Partners L.P. / Calumet Finance Corp. 6.500%, 04/15/21 (a)		56,000		55,720
7.625%, 01/15/22		257,000		257,643
Carrizo Oil & Gas, Inc. 6.250%, 04/15/23		455,000		464,669
8.250%, 07/15/25		986,000		1,059,950
Chaparral Energy, Inc. 8.750%, 07/15/23 (144A)		613,000		611,467
Chesapeake Energy Corp. 4.875%, 04/15/22 (a)		248,000		240,870
6.625%, 08/15/20		396,000		413,820
7.000%, 10/01/24		2,130,000		2,130,000
7.500%, 10/01/26		445,000		445,000
8.000%, 01/15/25 (a)		752,000		776,064
8.000%, 06/15/27 (a)		1,760,000		1,794,320
CNX Resources Corp. 5.875%, 04/15/22		3,899,000		3,904,069
Comstock Escrow Corp. 9.750%, 08/15/26 (144A)		460,000		458,988
Covey Park Energy LLC / Covey Park Finance Corp. 7.500%, 05/15/25 (144A)		680,000		689,350
CrownRock LP / CrownRock Finance, Inc. 5.625%, 10/15/25 (144A)		1,935,000		1,893,881
DEA Finance S.A. 7.500%, 10/15/22 (EUR)		100,000		124,130
Denbury Resources, Inc. 7.500%, 02/15/24 (144A)		456,000		469,680
9.250%, 03/31/22 (144A)		898,000		969,840
Diamond Offshore Drilling, Inc. 4.875%, 11/01/43		534,000		391,155
5.700%, 10/15/39		69,000		55,545
7.875%, 08/15/25		408,000		423,810
Diamondback Energy, Inc. 4.750%, 11/01/24		266,000		266,333
4.750%, 11/01/24 (144A)		606,000		606,757
5.375%, 05/31/25		260,000		265,850
Eclipse Resources Corp. 8.875%, 07/15/23		165,000		167,888
Endeavor Energy Resources L.P. / EER Finance, Inc. 5.500%, 01/30/26 (144A)		777,000		777,000
5.750%, 01/30/28 (144A)		469,000		469,000
Ensco plc 4.500%, 10/01/24		182,000		156,293
5.200%, 03/15/25 (a)		302,000		262,740
5.750%, 10/01/44		357,000		266,858
7.750%, 02/01/26 (a)		1,116,000		1,107,630
EP Energy LLC / Everest Acquisition Finance, Inc. 7.750%, 05/15/26 (144A)		798,000		816,952
9.375%, 05/01/20		18,000		17,865
9.375%, 05/01/24 (144A)		1,240,000		1,023,000

BHFTI-54

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Oil & Gas—(Continued)
Extraction Oil & Gas, Inc. 5.625%, 02/01/26 (144A)		1,203,000	$	1,064,655
7.375%, 05/15/24 (144A)		622,000		614,225
Great Western Petroleum LLC / Great Western Finance Corp. 9.000%, 09/30/21 (144A)		865,000		852,025
Gulfport Energy Corp. 6.000%, 10/15/24		92,000		89,700
6.375%, 01/15/26		126,000		122,535
6.625%, 05/01/23		536,000		545,380
Halcon Resources Corp. 6.750%, 02/15/25		931,000		893,760
Hess Infrastructure Partners L.P. / Hess Infrastructure Partners Finance Corp. 5.625%, 02/15/26 (144A)		778,000		785,780
Jagged Peak Energy LLC 5.875%, 05/01/26 (144A)		67,000		66,665
Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp. 6.000%, 08/01/26 (144A)		343,000		342,143
Matador Resources Co. 5.875%, 09/15/26 (144A)		523,000		529,537
MEG Energy Corp. 6.375%, 01/30/23 (144A)		595,000		541,450
6.500%, 01/15/25 (144A) (a)		895,000		886,050
Nabors Industries, Inc. 4.625%, 09/15/21 (a)		137,000		134,919
5.750%, 02/01/25		350,000		335,433
Newfield Exploration Co. 5.375%, 01/01/26		724,000		750,245
Noble Holding International, Ltd. 5.250%, 03/15/42		238,000		172,253
7.750%, 01/15/24 (a)		406,000		402,955
7.875%, 02/01/26 (144A) (a)		2,166,000		2,247,225
Northern Oil and Gas, Inc. 9.500%, 1.000% PIK, 05/15/23 (144A) (c)		637,000		672,035
Pacific Drilling Escrow Issuer, Ltd. 8.375%, 10/01/23 (144A)		1,189,000		1,227,642
Parsley Energy LLC / Parsley Finance Corp. 5.250%, 08/15/25 (144A)		186,000		185,070
5.375%, 01/15/25 (144A)		767,000		768,917
5.625%, 10/15/27 (144A)		330,000		330,825
6.250%, 06/01/24 (144A)		180,000		187,650
PBF Holding Co. LLC / PBF Finance Corp. 7.250%, 06/15/25		503,000		528,150
PDC Energy, Inc. 5.750%, 05/15/26		104,000		98,800
6.125%, 09/15/24		76,000		74,765
Precision Drilling Corp. 5.250%, 11/15/24		108,000		103,140
6.500%, 12/15/21		73,498		74,601
7.125%, 01/15/26 (144A) (a)		239,000		245,573
7.750%, 12/15/23		205,000		216,788
QEP Resources, Inc. 5.375%, 10/01/22		1,092,000		1,096,095
5.625%, 03/01/26 (a)		868,000		830,025
6.875%, 03/01/21		76,000		79,800

Security Description	Principal Amount*		Value
Oil & Gas—(Continued)
Range Resources Corp. 4.875%, 05/15/25 (a)		543,000	$	513,814
5.000%, 08/15/22		217,000		214,830
5.000%, 03/15/23		145,000		142,463
5.875%, 07/01/22		487,000		495,522
Repsol International Finance B.V. 3.875%, 6Y EUR Swap + 3.560%, 03/25/21 (EUR) (b)		100,000		122,337
4.500%, 10Y EUR Swap + 4.200%, 03/25/75 (EUR) (b)		100,000		124,516
Resolute Energy Corp. 8.500%, 05/01/20		945,000		946,181
Rowan Cos., Inc. 4.750%, 01/15/24		228,000		203,490
4.875%, 06/01/22 (a)		536,000		515,230
7.375%, 06/15/25 (a)		696,000		694,260
Sanchez Energy Corp. 6.125%, 01/15/23		555,000		319,125
7.250%, 02/15/23 (144A) (a)		263,000		259,055
7.750%, 06/15/21 (a)		1,940,000		1,358,000
Seven Generations Energy, Ltd. 5.375%, 09/30/25 (144A)		937,000		911,232
6.875%, 06/30/23 (144A)		258,000		267,030
SM Energy Co. 5.000%, 01/15/24 (a)		372,000		363,630
5.625%, 06/01/25 (a)		588,000		585,795
6.625%, 01/15/27 (a)		520,000		537,550
6.750%, 09/15/26 (a)		232,000		240,990
Southwestern Energy Co. 6.200%, 01/23/25 (a)		409,000		405,677
7.500%, 04/01/26 (a)		445,000		466,137
7.750%, 10/01/27 (a)		823,000		868,265
Sunoco LP / Sunoco Finance Corp. 4.875%, 01/15/23 (144A)		679,000		672,210
5.500%, 02/15/26 (144A)		232,000		224,112
5.875%, 03/15/28 (144A)		282,000		270,720
Transocean Guardian, Ltd. 5.875%, 01/15/24 (144A) (a)		532,000		536,655
Transocean Pontus, Ltd. 6.125%, 08/01/25 (144A) (a)		704,000		715,433
Transocean, Inc. 5.800%, 10/15/22		509,000		507,091
6.800%, 03/15/38		155,000		134,075
7.500%, 01/15/26 (144A)		568,000		586,460
8.375%, 12/15/21		310,000		333,638
9.000%, 07/15/23 (144A) (a)		1,931,000		2,099,962
Trinidad Drilling, Ltd. 6.625%, 02/15/25 (144A)		579,000		573,210
Tullow Oil plc 7.000%, 03/01/25 (144A)		200,000		195,000
7.000%, 03/01/25		200,000		195,000
Whiting Petroleum Corp. 6.625%, 01/15/26 (a)		574,000		596,960
WildHorse Resource Development Corp. 6.875%, 02/01/25		361,000		372,733
WPX Energy, Inc. 5.250%, 09/15/24 (a)		378,000		380,578
5.750%, 06/01/26 (a)		376,000		380,700

BHFTI-55

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Oil & Gas—(Continued)
WPX Energy, Inc.
6.000%, 01/15/22		42,000	$	43,523
8.250%, 08/01/23		78,000		88,530
				66,243,582
Oil & Gas Services—0.9%
Apergy Corp. 6.375%, 05/01/26 (144A)		224,000		230,160
Basic Energy Services, Inc. 10.750%, 10/15/23 (144A)		157,000		160,140
Calfrac Holdings L.P. 8.500%, 06/15/26 (144A)		367,000		342,228
CSI Compressco LP / CSI Compressco Finance, Inc. 7.500%, 04/01/25 (144A) (a)		734,000		748,680
McDermott Technology Americas, Inc. / McDermott Technology U.S., Inc. 10.625%, 05/01/24 (144A) (a)		547,000		585,290
Oceaneering International, Inc. 4.650%, 11/15/24		100,000		95,732
Pioneer Energy Services Corp. 6.125%, 03/15/22		477,000		417,375
SESI LLC 7.125%, 12/15/21		205,000		207,870
7.750%, 09/15/24		488,000		497,760
USA Compression Partners LP / USA Compression Finance Corp. 6.875%, 04/01/26 (144A)		620,000		640,150
Weatherford International, Ltd. 5.950%, 04/15/42		566,000		404,690
6.500%, 08/01/36		212,000		159,530
7.000%, 03/15/38		75,000		58,125
7.750%, 06/15/21 (a)		1,651,000		1,638,617
8.250%, 06/15/23 (a)		426,000		402,570
				6,588,917
Packaging & Containers—1.5%
ARD Finance S.A. 6.625%, 7.375% PIK, 09/15/23 (EUR) (c)		150,000		179,412
Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc. 4.125%, 05/15/23 (EUR)		125,000		151,150
4.625%, 05/15/23 (144A)		1,517,000		1,503,726
4.750%, 07/15/27 (144A) (GBP)		151,000		192,183
4.750%, 07/15/27 (GBP)		100,000		127,273
6.750%, 05/15/24 (EUR)		250,000		314,267
7.250%, 05/15/24 (144A)		1,781,000		1,863,371
BWAY Holding Co. 4.750%, 04/15/24 (EUR)		150,000		178,512
5.500%, 04/15/24 (144A)		1,846,000		1,814,784
Crown Americas LLC / Crown Americas Capital Corp. 4.250%, 09/30/26		193,000		176,595
4.750%, 02/01/26 (144A) (a)		1,284,000		1,229,430
Crown European Holdings S.A. 2.250%, 02/01/23 (144A) (EUR)		100,000		118,437
3.375%, 05/15/25 (EUR)		128,000		153,779
OI European Group B.V. 4.000%, 03/15/23 (144A)		280,000		266,000

Security Description	Principal Amount*		Value
Packaging & Containers—(Continued)
Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC 5.125%, 07/15/23 (144A)		190,000	$	188,955
7.000%, 07/15/24 (144A)		1,396,000		1,420,430
Sealed Air Corp. 4.500%, 09/15/23 (EUR)		203,000		266,333
Silgan Holdings, Inc. 3.250%, 03/15/25 (EUR)		100,000		119,715
				10,264,352
Pharmaceuticals—2.2%
Bausch Health Cos., Inc. 4.500%, 05/15/23 (EUR)		1,017,000		1,165,414
5.500%, 03/01/23 (144A)		3,108,000		2,989,896
5.500%, 11/01/25 (144A)		1,243,000		1,240,825
5.625%, 12/01/21 (144A)		919,000		915,554
5.875%, 05/15/23 (144A)		1,870,000		1,815,302
6.125%, 04/15/25 (144A)		598,000		568,728
7.000%, 03/15/24 (144A)		1,144,000		1,208,636
7.500%, 07/15/21 (144A)		307,000		312,756
8.500%, 01/31/27 (144A)		1,354,000		1,421,700
9.000%, 12/15/25 (144A)		250,000		269,073
9.250%, 04/01/26 (144A)		486,000		524,273
Elanco Animal Health, Inc. 4.272%, 08/28/23 (144A)		290,000		290,793
4.900%, 08/28/28 (144A)		311,000		315,590
Endo Dac / Endo Finance LLC / Endo Finco, Inc. 6.000%, 07/15/23 (144A)		412,000		365,650
Endo Finance LLC / Endo Finco, Inc. 7.250%, 01/15/22 (144A)		255,000		248,625
NVA Holdings, Inc. 6.875%, 04/01/26 (144A)		596,000		594,510
Vizient, Inc. 10.375%, 03/01/24 (144A)		739,000		808,281
				15,055,606
Pipelines—2.3%
Antero Midstream Partners L.P. / Antero Midstream Finance Corp. 5.375%, 09/15/24		140,000		140,875
Cheniere Corpus Christi Holdings LLC 5.125%, 06/30/27		1,466,000		1,471,497
5.875%, 03/31/25		846,000		888,300
7.000%, 06/30/24		520,000		569,400
Cheniere Energy Partners L.P. 5.250%, 10/01/25		279,000		279,000
5.625%, 10/01/26 (144A)		1,300,000		1,309,360
Crestwood Midstream Partners L.P. / Crestwood Midstream Finance Corp. 6.250%, 04/01/23		85,000		87,763
DCP Midstream Operating L.P. 5.375%, 07/15/25		180,000		182,925
6.450%, 11/03/36 (144A)		620,000		649,450
6.750%, 09/15/37 (144A)		917,000		981,190
EnLink Midstream Partners L.P. 4.150%, 06/01/25		54,000		51,186
4.400%, 04/01/24		530,000		514,475

BHFTI-56

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Pipelines—(Continued)
EnLink Midstream Partners L.P.
4.850%, 07/15/26		86,000	$	83,349
5.050%, 04/01/45		168,000		139,218
5.450%, 06/01/47		462,000		401,299
Genesis Energy L.P. / Genesis Energy Finance Corp. 6.250%, 05/15/26		364,000		346,710
6.500%, 10/01/25 (a)		227,000		221,609
Kinder Morgan, Inc. 6.700%, 02/15/27		62,930		67,638
NGPL PipeCo LLC 4.875%, 08/15/27 (144A)		417,000		414,915
7.768%, 12/15/37 (144A)		1,129,000		1,383,025
Rockies Express Pipeline LLC 6.875%, 04/15/40 (144A)		758,000		864,120
Tallgrass Energy Partners L.P. / Tallgrass Energy Finance Corp. 4.750%, 10/01/23 (144A)		57,000		56,983
5.500%, 09/15/24 (144A)		770,000		784,437
5.500%, 01/15/28 (144A)		2,443,000		2,464,376
Targa Resources Partners L.P. / Targa Resources Partners Finance Corp. 5.000%, 01/15/28 (144A) (a)		1,196,000		1,162,512
5.125%, 02/01/25		136,000		136,680
5.250%, 05/01/23		38,000		38,428
5.875%, 04/15/26 (144A)		432,000		445,500
				16,136,220
Real Estate—0.5%
ADLER Real Estate AG 1.875%, 04/27/23 (EUR)		100,000		113,631
2.125%, 02/06/24 (EUR)		125,000		141,558
3.000%, 04/27/26 (EUR)		200,000		226,804
4.750%, 04/08/20 (EUR)		24,000		28,506
Akelius Residential Property AB 3.875%, 5Y EUR Swap + 3.488%, 10/05/78 (EUR) (b)		100,000		116,045
AT Securities B.V. 5.250%, 5Y USD Swap + 3.546%, 07/21/23 (b)		250,000		235,937
ATF Netherlands B.V. 3.750%, 5Y EUR Swap + 4.375%, 01/20/23 (EUR) (b)		200,000		235,693
Five Point Operating Co. L.P. / Five Point Capital Corp. 7.875%, 11/15/25 (144A)		328,000		331,198
Greystar Real Estate Partners LLC 5.750%, 12/01/25 (144A)		402,000		391,950
Howard Hughes Corp. (The) 5.375%, 03/15/25 (144A)		459,000		453,281
Realogy Group LLC / Realogy Co-Issuer Corp. 4.875%, 06/01/23 (144A)		114,000		106,732
5.250%, 12/01/21 (144A) (a)		226,000		227,130
Residomo SRO 3.375%, 10/15/24 (EUR)		107,000		124,989
Summit Germany, Ltd. 2.000%, 01/31/25 (EUR)		100,000		110,755
Tropicana Entertainment LLC / Tropicana Finance Corp. 9.625%, 12/15/14 (d) (h) (i)		70,000		0

Security Description	Principal Amount*		Value
Real Estate—(Continued)
Unique Pub Finance Co. plc (The) 5.659%, 06/30/27 (GBP)		147,940	$	212,193
6.464%, 03/30/32 (GBP)		300,000		375,902
				3,432,304
Real Estate Investment Trusts—1.5%
CoreCivic, Inc. 4.750%, 10/15/27		386,000		341,610
CyrusOne LP / CyrusOne Finance Corp. 5.375%, 03/15/27		489,000		500,002
Equinix, Inc. 2.875%, 10/01/25 (EUR)		199,000		227,835
5.375%, 05/15/27		890,000		891,477
5.875%, 01/15/26		875,000		900,156
ESH Hospitality, Inc. 5.250%, 05/01/25 (144A)		364,000		353,080
GEO Group, Inc. (The) 5.125%, 04/01/23		389,000		372,468
5.875%, 10/15/24		562,000		538,115
6.000%, 04/15/26 (a)		30,000		28,725
Iron Mountain, Inc. 3.000%, 01/15/25 (EUR)		110,000		126,030
iStar, Inc. 4.625%, 09/15/20		78,000		77,805
5.250%, 09/15/22		162,000		159,570
6.000%, 04/01/22		140,000		141,050
MGM Growth Properties Operating Partnership L.P. / MGP Finance Co-Issuer, Inc. 4.500%, 09/01/26		1,470,000		1,389,150
4.500%, 01/15/28		1,784,000		1,632,538
5.625%, 05/01/24		630,000		645,750
MPT Operating Partnership L.P. / MPT Finance Corp. 5.000%, 10/15/27		516,000		498,957
5.500%, 05/01/24		115,000		116,093
6.375%, 03/01/24		90,000		94,500
SBA Communications Corp. 4.000%, 10/01/22		500,000		490,625
4.875%, 09/01/24		363,000		358,916
Starwood Property Trust, Inc. 5.000%, 12/15/21		181,000		182,358
VICI Properties 1 LLC / VICI FC, Inc. 8.000%, 10/15/23		280,114		309,176
				10,375,986
Retail—1.5%
1011778 BC ULC / New Red Finance, Inc. 4.250%, 05/15/24 (144A) (a)		668,000		634,019
5.000%, 10/15/25 (144A)		3,642,000		3,487,251
Asbury Automotive Group, Inc. 6.000%, 12/15/24		776,000		783,760
B&M European Value Retail S.A. 4.125%, 02/01/22 (GBP)		100,000		132,033
Beacon Roofing Supply, Inc. 4.875%, 11/01/25 (144A)		379,000		349,154

BHFTI-57

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Retail—(Continued)
Golden Nugget, Inc. 6.750%, 10/15/24 (144A)		913,000	$	926,129
Group 1 Automotive, Inc. 5.250%, 12/15/23 (144A)		101,000		99,485
IRB Holding Corp. 6.750%, 02/15/26 (144A) (a)		159,000		155,820
KFC Holding Co. / Pizza Hut Holdings LLC / Taco Bell of America LLC 5.250%, 06/01/26 (144A)		1,261,000		1,258,793
L Brands, Inc. 6.750%, 07/01/36		153,000		126,225
6.875%, 11/01/35		936,000		790,920
Neiman Marcus Group, Ltd. LLC 8.000%, 10/15/21 (144A)		520,000		341,575
Penske Automotive Group, Inc. 5.500%, 05/15/26		231,000		224,578
Rite Aid Corp. 6.125%, 04/01/23 (144A)		247,000		221,374
SRS Distribution, Inc. 8.250%, 07/01/26 (144A) (a)		328,000		321,440
Staples, Inc. 8.500%, 09/15/25 (144A)		616,000		578,270
Stonegate Pub Co. Financing plc 4.875%, 03/15/22 (GBP)		175,000		224,959
Tendam Brands S.A.U. 5.000%, 09/15/24 (EUR)		104,000		114,410
Yum! Brands, Inc. 5.350%, 11/01/43		14,000		12,040
				10,782,235
Semiconductors—0.3%
Advanced Micro Devices, Inc. 7.000%, 07/01/24		149,000		157,195
7.500%, 08/15/22		187,000		210,382
Entegris, Inc. 4.625%, 02/10/26 (144A)		434,000		412,799
Micron Technology, Inc. 5.500%, 02/01/25		21,000		21,717
Qorvo, Inc. 5.500%, 07/15/26 (144A)		941,000		955,237
				1,757,330
Software—4.0%
ACI Worldwide, Inc. 5.750%, 08/15/26 (144A)		1,235,000		1,255,069
Ascend Learning LLC 6.875%, 08/01/25 (144A)		498,000		502,980
BMC Software Finance, Inc. 8.125%, 07/15/21 (144A) (a)		561,000		573,398
CDK Global, Inc. 4.875%, 06/01/27		1,516,000		1,478,100
Change Healthcare Holdings LLC / Change Healthcare Finance, Inc. 5.750%, 03/01/25 (144A)		534,000		529,995
First Data Corp. 5.750%, 01/15/24 (144A)		4,226,000		4,279,881
7.000%, 12/01/23 (144A)		328,000		341,530

Security Description	Principal Amount*		Value
Software—(Continued)
Genesys Telecommunications Laboratories, Inc. / Greeneden Lux 3 S.a.r.l. / Greeneden U.S. Holdings II LLC 10.000%, 11/30/24 (144A)		1,669,000	$	1,848,418
Infor Software Parent LLC / Infor Software Parent, Inc. 7.125%, 7.875% PIK, 05/01/21 (144A) (c)		752,000		760,084
Infor U.S., Inc. 6.500%, 05/15/22		4,466,000		4,526,514
Informatica LLC 7.125%, 07/15/23 (144A)		1,919,000		1,964,250
InterXion Holding NV 4.750%, 06/15/25 (EUR)		100,000		121,713
IQVIA, Inc. 3.250%, 03/15/25 (144A) (EUR)		150,000		177,379
3.250%, 03/15/25 (EUR)		425,000		502,575
3.500%, 10/15/24 (EUR)		100,000		119,869
MSCI, Inc. 5.250%, 11/15/24 (144A)		234,000		239,616
Nuance Communications, Inc. 6.000%, 07/01/24		425,000		438,281
PTC, Inc. 6.000%, 05/15/24		474,000		494,738
Rackspace Hosting, Inc. 8.625%, 11/15/24 (144A) (a)		350,000		340,813
RP Crown Parent LLC 7.375%, 10/15/24 (144A)		1,060,000		1,099,750
Solera LLC / Solera Finance, Inc. 10.500%, 03/01/24 (144A)		3,043,000		3,334,519
Sophia L.P. / Sophia Finance, Inc. 9.000%, 09/30/23 (144A)		664,000		692,220
TIBCO Software, Inc. 11.375%, 12/01/21 (144A)		1,841,000		1,965,268
Veritas U.S., Inc. / Veritas Bermuda, Ltd. 7.500%, 02/01/23 (144A)		278,000		270,077
				27,857,037
Storage/Warehousing—0.4%
Algeco Global Finance plc 6.500%, 02/15/23 (EUR)		200,000		244,870
8.000%, 02/15/23 (144A)		1,186,000		1,215,650
Mobile Mini, Inc. 5.875%, 07/01/24		1,525,000		1,547,875
				3,008,395
Telecommunications—6.8%
CenturyLink, Inc. 6.450%, 06/15/21		961,000		997,037
6.750%, 12/01/23 (a)		761,000		790,489
7.500%, 04/01/24 (a)		377,000		402,919
7.600%, 09/15/39		91,000		81,218
7.650%, 03/15/42		1,031,000		920,168
Cincinnati Bell, Inc. 7.000%, 07/15/24 (144A)		960,000		880,800
8.000%, 10/15/25 (144A)		316,000		294,670
CommScope Technologies LLC 5.000%, 03/15/27 (144A)		803,000		772,888
6.000%, 06/15/25 (144A)		2,000		2,064

BHFTI-58

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Telecommunications—(Continued)
CommScope, Inc. 5.500%, 06/15/24 (144A)		372,000	$	374,790
Digicel Group, Ltd. 8.250%, 09/30/20 (144A)		1,210,000		922,625
Digicel, Ltd. 6.000%, 04/15/21 (144A) (a)		1,853,000		1,718,657
DKT Finance A.p.S. 7.000%, 06/17/23 (EUR)		247,000		306,349
eircom Finance DAC 4.500%, 05/31/22 (EUR)		100,000		118,694
Embarq Corp. 7.995%, 06/01/36		953,000		950,618
Frontier Communications Corp. 7.125%, 03/15/19 (a)		694,000		698,372
8.500%, 04/01/26 (144A)		954,000		901,530
10.500%, 09/15/22		425,000		376,920
11.000%, 09/15/25		2,849,000		2,221,394
Hughes Satellite Systems Corp. 5.250%, 08/01/26		762,000		744,626
7.625%, 06/15/21		231,000		249,545
Inmarsat Finance plc 4.875%, 05/15/22 (144A)		213,000		211,935
Intelsat Jackson Holdings S.A. 5.500%, 08/01/23		1,659,000		1,529,598
8.500%, 10/15/24 (144A)		1,770,000		1,785,487
9.750%, 07/15/25 (144A) (a)		2,151,000		2,277,371
Koninklijke KPN NV 6.875%, 5Y GBP Swap + 5.505%, 03/14/73 (GBP) (b)		100,000		137,998
Level 3 Financing, Inc. 5.125%, 05/01/23		636,000		640,770
5.250%, 03/15/26		2,929,000		2,881,550
5.375%, 01/15/24		323,000		323,562
5.375%, 05/01/25		235,000		235,000
5.625%, 02/01/23		273,000		276,099
Level 3 Parent LLC 5.750%, 12/01/22		187,000		189,141
Matterhorn Telecom S.A. 3.875%, 05/01/22 (EUR)		175,000		206,973
Nokia Oyj 3.375%, 06/12/22		251,000		246,231
6.625%, 05/15/39 (a)		1,288,000		1,387,820
OTE plc 3.500%, 07/09/20 (EUR)		100,000		121,330
Qualitytech LP/QTS Finance Corp. 4.750%, 11/15/25 (144A) (a)		328,000		314,122
SoftBank Group Corp. 4.000%, 04/20/23 (EUR)		175,000		213,729
6.875%, 5Y USD ICE Swap + 4.854%, 07/19/27 (b)		675,000		614,250
Sprint Capital Corp. 6.875%, 11/15/28		1,645,000		1,652,715
8.750%, 03/15/32		1,667,000		1,874,858
Sprint Corp. 7.125%, 06/15/24		3,202,000		3,326,077
7.625%, 02/15/25		331,000		351,026
7.625%, 03/01/26 (a)		2,268,000		2,400,111
7.875%, 09/15/23		1,332,000		1,435,044

Security Description	Principal Amount*		Value
Telecommunications—(Continued)
T-Mobile USA, Inc. 4.500%, 02/01/26		1,228,000	$	1,170,591
4.750%, 02/01/28		600,000		564,750
6.375%, 03/01/25		454,000		472,977
6.500%, 01/15/26		495,000		518,612
TDC A/S 3.750%, 03/02/22 (EUR)		110,000		139,849
Telecom Italia Capital S.A. 6.000%, 09/30/34 (a)		1,825,000		1,741,962
6.375%, 11/15/33		588,000		576,240
7.721%, 06/04/38		30,000		31,800
Telecom Italia Finance S.A. 7.750%, 01/24/33 (EUR)		90,000		143,694
Telecom Italia S.p.A. 2.875%, 01/28/26 (EUR)		100,000		115,600
3.625%, 01/19/24 (EUR)		100,000		123,041
5.875%, 05/19/23 (GBP)		100,000		142,205
Telefonica Europe B.V. 2.625%, 5Y EUR Swap + 2.327%, 06/07/23 (EUR) (b)		100,000		110,631
3.750%, 5Y EUR Swap + 3.858%, 03/15/22 (EUR) (b)		100,000		118,746
4.200%, 5Y EUR Swap + 3.806%, 12/04/19 (EUR) (b)		400,000		479,049
5.000%, 6Y EUR Swap + 3.804%, 03/31/20 (EUR) (b)		400,000		488,285
Telesat Canada / Telesat LLC 8.875%, 11/15/24 (144A)		563,000		602,410
Wind Tre S.p.A. 2.625%, 01/20/23 (EUR)		120,000		131,316
2.750%, 3M EURIBOR + 2.750%, 01/20/24 (EUR) (b)		110,000		119,168
3.125%, 01/20/25 (EUR)		174,000		184,396
				47,334,492
Toys/Games/Hobbies—0.1%
Mattel, Inc. 5.450%, 11/01/41		90,000		72,900
6.200%, 10/01/40		153,000		128,520
6.750%, 12/31/25 (144A)		726,000		711,480
				912,900
Transportation—0.1%
Ceva Logistics Finance B.V. 5.250%, 08/01/25 (EUR)		100,000		113,843
Watco Cos. LLC / Watco Finance Corp. 6.375%, 04/01/23 (144A)		617,000		629,340
XPO Logistics, Inc. 6.500%, 06/15/22 (144A)		34,000		35,105
				778,288
Trucking & Leasing—0.3%
Avolon Holdings, Ltd. 5.125%, 10/01/23 (144A) (a)		859,000		866,516
Fortress Transportation & Infrastructure Investors LLC 6.500%, 10/01/25 (144A)		170,000		168,802
6.750%, 03/15/22 (144A)		159,000		162,975
Park Aerospace Holdings, Ltd. 5.250%, 08/15/22 (144A)		601,000		607,010

BHFTI-59

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Trucking & Leasing—(Continued)
Park Aerospace Holdings, Ltd.
5.500%, 02/15/24 (144A)		201,000	$	205,774
				2,011,077
Total Corporate Bonds & Notes (Cost $555,389,808)				552,893,439
Floating Rate Loans (j)—13.0%
Aerospace/Defense—0.2%
Accudyne Industries LLC Term Loan, 5.242%, 1M LIBOR + 3.000%, 08/18/24		676,792		680,458
PowerSchool Term Loan B, 5.354%, 1M LIBOR + 3.250%, 08/01/25		208,000		208,260
Sequa Mezzanine Holdings LLC 1st Lien Term Loan, 7.186%, 2M LIBOR + 5.000%, 11/28/21		402,900		396,731
2nd Lien Term Loan, 11.200%, 2M LIBOR + 9.000%, 04/28/22		142,000		140,580
WP CPP Holdings LLC Term Loan, 6.280%, 2M LIBOR + 3.750%, 04/30/25		116,000		116,894
				1,542,923
Auto Manufacturers—0.0%
Direct ChassisLink, Inc. 2nd Lien Term Loan, 8.242%, 1M LIBOR + 6.000%, 06/15/23		104,000		105,170
Auto Parts & Equipment—0.0%
Belron Finance U.S. LLC Term Loan B, 4.843%, 3M LIBOR + 2.500%, 11/07/24		274,923		275,868
Building Materials—0.2%
Pisces Midco, Inc. Term Loan, 6.087%, 3M LIBOR + 3.750%, 04/12/25		1,246,456		1,256,064
Chemicals—1.1%
Alpha 3 B.V. Term Loan B1, 5.386%, 3M LIBOR + 3.000%, 01/31/24		324,686		326,411
Ascend Performance Materials Operations LLC Term Loan B, 7.636%, 3M LIBOR + 5.250%, 08/12/22		2,849,305		2,870,674
Invictus U.S. LLC 1st Lien Term Loan, 5.195%, 2M LIBOR + 3.000%, 03/28/25		235,639		237,554
2nd Lien Term Loan, 8.826%, 1M LIBOR + 6.750%, 03/28/26		130,000		130,569
LTI Holdings, Inc. 1st Lien Term Loan, 5.742%, 1M LIBOR + 3.500%, 09/06/25		303,000		304,704
2018 2nd Lien Term Loan, 8.992%, 1M LIBOR + 6.750%, 09/06/26		122,000		122,477
Starfruit Finco B.V. Term Loan B, 10/01/25 (k)		3,413,000		3,431,587
				7,423,976

Security Description	Principal Amount*		Value
Coal—0.1%
CONSOL Energy, Inc. 1st Lien Term Loan B, 8.250%, 1M LIBOR + 6.000%, 11/28/22		673,574	$	689,572
Commercial Services—1.6%
Albany Molecular Research, Inc. 1st Lien Term Loan, 5.492%, 1M LIBOR + 3.250%, 08/30/24		190,673		191,209
Element Materials Technology Group U.S. Holdings, Inc. Term Loan B, 5.742%, 1M LIBOR + 3.500%, 06/28/24		121,085		121,993
Financial & Risk Holdings, Inc. Term Loan, 10/01/25 (k)		6,760,000		6,753,362
Laureate Education, Inc. Term Loan B, 5.742%, 1M LIBOR + 3.500%, 04/26/24		202,483		203,622
Mavis Tire Express Services Corp. 1st Lien Term Loan, 5.415%, 1M LIBOR + 3.250%, 03/20/25		161,699		161,396
Delayed Draw Term Loan, 5.415%, 03/20/25 (l)		26,009		25,960
PSAV Holdings LLC 1st Lien Term Loan, 5.459%, 3M LIBOR + 3.250%, 03/01/25		284,570		284,570
2nd Lien Term Loan, 9.592%, 3M LIBOR + 7.250%, 09/01/25		232,000		229,680
Verscend Holding Corp. Term Loan B, 6.742%, 1M LIBOR + 4.500%, 08/27/25		2,953,599		2,970,213
				10,942,005
Computers—0.2%
Access CIG LLC 1st Lien Term Loan, 5.992%, 1M LIBOR + 3.750%, 02/27/25		140,044		140,972
2nd Lien Delayed Draw Term Loan, 7.750%, 02/27/26 (l)		2,719		2,744
2nd Lien Incremental Term Loan, 9.992%, 1M LIBOR + 7.750%, 02/27/26		4,000		4,022
2nd Lien Term Loan, 9.992%, 1M LIBOR + 7.750%, 02/27/26		50,614		51,078
Delayed Draw Term Loan, 3.750%, 02/27/25 (l)		17,588		17,705
Incremental Term Loan, 5.992%, 1M LIBOR + 3.750%, 02/27/25		19,900		20,037
Flexential Intermediate Corp. 1st Lien Term Loan, 5.886%, 3M LIBOR + 3.500%, 08/01/24		348,480		344,850
Tempo Acquisition LLC Term Loan, 5.242%, 1M LIBOR + 3.000%, 05/01/24		295,912		297,355
TierPoint LLC 1st Lien Term Loan, 5.992%, 1M LIBOR + 3.750%, 05/06/24		324,358		321,398
				1,200,161
Distribution/Wholesale—0.1%
Beacon Roofing Supply, Inc. Term Loan B, 4.383%, 1M LIBOR + 2.250%, 01/02/25		296,510		296,325
Electrical Components & Equipment—0.1%
Cortes NP Acquisition Corp. Term Loan B, 6.313%, 3M LIBOR + 4.000%, 11/30/23		480,457		483,310
Energy-Alternate Sources—0.0%
ExGen Renewables IV LLC Term Loan B, 5.320%, 3M LIBOR + 3.000%, 11/28/24		173,584		175,320

BHFTI-60

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Floating Rate Loans (j)—(Continued)

Security Description	Principal Amount*		Value
Entertainment—0.7%
GVC Holdings PLC EUR Term Loan, 2.750%, EURIBOR + 2.750%, 03/29/24 (EUR)		1,000,000	$	1,165,042
Penn National Gaming, Inc. 1st Lien Term Loan B, 08/14/25 (k)		157,000		157,967
Stars Group Holdings B.V. (The) Incremental Term Loan, 5.886%, 3M LIBOR + 3.500%, 07/10/25		3,249,855		3,281,743
				4,604,752
Food—0.3%
CHG PPC Parent LLC Term Loan B, 4.992%, 1M LIBOR + 2.750%, 03/31/25		241,395		241,923
Chobani LLC Term Loan B, 5.742%, 1M LIBOR + 3.500%, 10/10/23		141,841		138,738
Froneri International plc EUR Term Loan B, 2.625%, EURIBOR + 2.625%, 01/22/25 (EUR)		1,000,000		1,166,637
JBS USA LLC Term Loan B, 4.837%, 3M LIBOR + 2.500%, 10/30/22		206,579		207,225
				1,754,523
Health Care Providers & Services—0.1%
AHP Health Partners, Inc. 2018 Term Loan, 6.742%, 1M LIBOR + 4.500%, 06/30/25		325,185		328,978
Brazos Delaware II LLC Term Loan B, 6.165%, 1M LIBOR + 4.000%, 05/21/25		101,745		101,586
DentalCorp Perfect Smile ULC 1st Lien Delayed Draw Term Loan, 4.310%, 06/06/25 (l)		53,508		54,010
1st Lien Term Loan, 5.992%, 1M LIBOR + 3.750%, 06/06/25		213,631		215,634
				700,208
Healthcare-Products—0.5%
DJO Finance LLC Term Loan, 5.492%, 3M LIBOR + 3.250%, 06/08/20		1,656,730		1,658,973
Immucor, Inc. Extended Term Loan B, 7.386%, 3M LIBOR + 5.000%, 06/15/21		1,718,279		1,751,214
				3,410,187
Healthcare-Services—0.7%
Envision Healthcare Corp. 1st Lien Term Loan, 09/26/25 (k)		2,799,000		2,785,439
Gentiva Health Services, Inc. 1st Lien Term Loan, 6.000%, 1M LIBOR + 3.750%, 07/02/25		852,188		863,373
2nd Lien Term Loan, 9.337%, 3M LIBOR + 7.000%, 07/02/26		125,897		129,988
Ortho-Clinical Diagnostics S.A. Term Loan B, 5.492%, 1M LIBOR + 3.250%, 06/30/25		424,557		426,338
Quorum Health Corp. Term Loan B, 8.992%, 1M LIBOR + 6.750%, 04/29/22		415,722		421,283
Team Health Holdings, Inc. 1st Lien Term Loan, 4.992%, 1M LIBOR + 2.750%, 02/06/24		535,319		521,267
				5,147,688

Security Description	Principal Amount*		Value
Hotels, Restaurants & Leisure—0.2%
Las Vegas Sands LLC Term Loan B, 3.992%, 1M LIBOR + 1.750%, 03/27/25		1,310,415	$	1,310,862
Household Products—0.0%
Energizer Holdings, Inc. Term Loan B, 06/20/25 (k)		137,000		138,370
Insurance—0.3%
Alliant Holdings I, Inc. Term Loan B, 5.148%, 1M LIBOR + 3.000%, 05/09/25		113,715		114,085
Asurion LLC 2nd Lien Term Loan, 8.742%, 1M LIBOR + 6.500%, 08/04/25		977,000		1,006,513
Sedgwick Claims Management Services, Inc. 1st Lien Term Loan, 4.992%, 1M LIBOR + 2.750%, 03/01/21		321,322		321,858
2nd Lien Term Loan, 8.008%, 1M LIBOR + 5.750%, 02/28/22		207,000		208,164
USI, Inc. Term Loan, 5.386%, 3M LIBOR + 3.000%, 05/16/24		412,885		413,475
				2,064,095
Internet—0.2%
Ascend Learning LLC Term Loan B, 5.242%, 1M LIBOR + 3.000%, 07/12/24		142,560		142,872
Uber Technologies Term Loan, 6.120%, 1M LIBOR + 4.000%, 04/04/25		994,508		1,002,836
				1,145,708
IT Services—0.1%
McAfee LLC Term Loan B, 6.742%, 1M LIBOR + 4.500%, 09/30/24		340,843		344,109
Peak 10 Holding Corp. Term Loan Second Lien, 9.593%, 3M LIBOR + 7.250%, 08/01/25		148,000		144,423
				488,532
Lodging—0.0%
Cypress Intermediate Holdings III, Inc. 1st Lien Term Loan, 5.250%, 1M LIBOR + 3.000%, 04/27/24		266,305		267,678
Machinery—0.1%
Altra Industrial Motion Corp. Term Loan B, 10/01/25 (k)		398,000		399,493
Machinery-Construction & Mining—0.0%
Brookfield WEC Holdings Inc. 2nd Lien Term Loan, 8.992%, 1M LIBOR + 6.750%, 08/03/26		197,000		201,088
Machinery-Diversified—0.2%
Titan Acquisition, Ltd. Term Loan B, 5.242%, 1M LIBOR + 3.000%, 03/28/25		1,438,515		1,397,045

BHFTI-61

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Floating Rate Loans (j)—(Continued)

Security Description	Principal Amount*		Value
Media—1.3%
Altice France S.A. Term Loan B13, 6.158%, 1M LIBOR + 4.000%, 08/14/26		1,466,000	$	1,456,288
Charter Communications Operating LLC Term Loan A2, 3.750%, 1M LIBOR + 1.500%, 03/31/23		2,958,725		2,963,039
Ligado Networks LLC 2nd Lien Term Loan, 12/07/20		1,465,148		413,904
Term Loan, PIK, 12/07/20 (c)		5,700,605		4,420,346
				9,253,577
Miscellaneous Manufacturing—0.0%
Filtration Group Corp. 1st Lien Term Loan, 5.242%, 1M LIBOR + 3.000%, 03/29/25		126,365		127,326
Office/Business Equipment—0.4%
Brand Energy & Infrastructure Services, Inc. Term Loan, 6.589%, 3M LIBOR + 4.250%, 06/21/24		3,048,275		3,071,137
Oil & Gas—0.6%
Bronco Midstream Funding LLC Term Loan B, 5.690%, 1M LIBOR + 3.500%, 08/14/23		74,629		75,080
California Resources Corp. 1st Lien Term Loan, 6.962%, 1M LIBOR + 4.750%, 12/31/22		1,589,000		1,622,766
CD&R Firefly Bidco, Ltd. GBP Term Loan B1, 5.247%, 2M GBP LIBOR + 4.500%, 06/23/25 (GBP)		1,000,000		1,307,881
Gavilan Resources LLC 2nd Lien Term Loan, 8.165%, 1M LIBOR + 6.000%, 03/01/24		470,000		445,325
Medallion Midland Acquisition LLC 1st Lien Term Loan, 5.492%, 1M LIBOR + 3.250%, 10/30/24		214,380		213,141
Vine Oil & Gas L.P. Term Loan B, 9.117%, 1M LIBOR + 6.875%, 12/12/21		611,000		615,582
				4,279,775
Oil & Gas Services—0.8%
Lucid Energy Group II LLC 1st Lien Term Loan, 5.165%, 1M LIBOR + 3.000%, 02/17/25		202,980		200,104
McDermott Technology Americas, Inc. 1st Lien Term Loan, 7.242%, 1M LIBOR + 5.000%, 05/10/25		3,275,540		3,321,398
Pioneer Energy Services Corp. Term Loan, 9.898%, 1M LIBOR + 7.750%, 11/08/22		1,366,000		1,400,150
Weatherford International, Ltd. Term Loan, 3.675%, 1M LIBOR + 1.425%, 07/13/20		553,824		548,978
				5,470,630
Packaging & Containers—0.2%
Horizon Holdings III SAS EUR Term Loan B4, 2.750%, EURIBOR + 2.750%, 10/29/22 (EUR)		1,000,000		1,161,373
Pharmaceuticals—0.3%
Amneal Pharmaceuticals LLC Term Loan B, 5.750%, 1M LIBOR + 3.500%, 05/04/25		685,883		693,170
Auris Luxembourg III S.a.r.l. Term Loan B, 07/20/25 (k)		344,000		348,730

Security Description	Principal Amount*		Value
Pharmaceuticals—(Continued)
Endo Luxembourg Finance Co. I S.a.r.l. Term Loan B, 6.500%, 1M LIBOR + 4.250%, 04/29/24		994,145	$	1,002,843
Valeant Pharmaceuticals International, Inc. Term Loan B, 5.104%, 1M LIBOR + 3.000%, 06/01/25		335,317		337,413
				2,382,156
Pipelines—0.1%
AL Midcoast Holdings LLC Term Loan B, 7.843%, 3M LIBOR + 5.500%, 07/31/25		574,000		576,751
Retail—0.4%
EG Group, Ltd. EUR Delayed Draw Term Loan B3, 4.000%, EURIBOR + 4.000%, 02/06/25 (EUR)		336,391		392,195
EUR Term Loan B1, 4.000%, EURIBOR + 4.000%, 02/06/25 (EUR)		660,291		769,697
Neiman Marcus Group, Ltd. LLC Term Loan, 5.370%, 1M LIBOR + 3.250%, 10/25/20		671,486		624,622
SRS Distribution, Inc. 1st Lien Term Loan, 5.441%, 3M LIBOR + 3.250%, 05/23/25		833,000		827,050
				2,613,564
Semiconductors—0.0%
Mitchell International, Inc. 1st Lien Term Loan, 5.492%, 1M LIBOR + 3.250%, 11/29/24		162,293		162,191
Software—0.6%
Applied Systems, Inc. 2nd Lien Term Loan, 9.386%, 3M LIBOR + 7.000%, 09/19/25		65,000		66,602
BMC Software Finance, Inc. Term Loan B, 10/02/25 (k)		1,032,000		1,043,085
Cypress Intermediate Holdings III, Inc. 2nd Lien Term Loan, 8.992%, 1M LIBOR + 6.750%, 04/27/25		81,000		81,785
Kronos, Inc. 2nd Lien Term Loan, 10.593%, 3M LIBOR + 8.250%, 11/01/24		1,310,000		1,344,183
Mitchell International, Inc. 2nd Lien Term Loan, 9.492%, 1M LIBOR + 7.250%, 12/01/25		322,000		321,295
Renaissance Holding Corp. 1st Lien Term Loan, 5.492%, 1M LIBOR + 3.250%, 05/30/25		243,390		243,441
SS&C Technologies Holdings Europe S.a.r.l. Term Loan B4, 4.492%, 1M LIBOR + 2.250%, 04/16/25		286,060		286,618
Term Loan B5, 04/16/25 (k)		194,000		194,283
SS&C Technologies, Inc. Term Loan B3, 4.492%, 1M LIBOR + 2.250%, 04/16/25		797,682		799,239
				4,380,531
Telecommunications—1.3%
CenturyLink, Inc. Term Loan B, 4.992%, 1M LIBOR + 2.750%, 01/31/25		1,807,343		1,797,552
Digicel International Finance, Ltd. Term Loan B, 5.570%, 3M LIBOR + 3.250%, 05/28/24		521,326		498,084

BHFTI-62

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Floating Rate Loans (j)—(Continued)

Security Description	Principal Amount*		Value
Telecommunications—(Continued)
Intelsat Jackson Holdings S.A. Term Loan B3, 5.980%, 1M LIBOR + 3.750%, 11/27/23		205,800	$	206,884
Term Loan B4, 6.730%, 1M LIBOR + 4.500%, 01/02/24		635,588		670,347
Term Loan B5, 6.625%, 6M LIBOR + 6.625%, 01/02/24		3,529,612		3,685,504
TDC A/S EUR Term Loan, 3.500%, EURIBOR + 3.500%, 05/31/25 (EUR)		1,000,000		1,171,130
Term Loan, 5.839%, 3M LIBOR + 3.500%, 05/31/25		418,950		424,344
West Corp. Term Loan B1, 5.742%, 1M LIBOR + 3.500%, 10/10/24		163,590		162,495
Xplornet Communications, Inc. Term Loan B, 6.386%, 3M LIBOR + 4.000%, 09/09/21		651,080		655,149
				9,271,489
Total Floating Rate Loans (Cost $91,649,825)				90,171,423
Asset-Backed Securities—3.2%
Asset-Backed - Other—3.2%
Allegro CLO, Ltd. 4.303%, 3M LIBOR + 2.150%, 10/21/28 (144A) (b)		250,000		250,000
ALM, Ltd. 4.086%, 3M LIBOR + 1.650%, 10/15/27 (144A) (b)		250,000		250,000
4.239%, 3M LIBOR + 1.900%, 07/15/27 (144A) (b)		700,000		698,590
4.636%, 3M LIBOR + 2.200%, 10/15/27 (144A) (b)		250,000		250,000
Anchorage Capital CLO, Ltd. 5.339%, 3M LIBOR + 3.000%, 07/28/28 (144A) (b)		1,000,000		999,959
Apidos CLO 4.198%, 3M LIBOR + 1.850%, 04/20/31 (144A) (b)		500,000		496,388
5.597%, 3M LIBOR + 3.250%, 07/22/26 (144A) (b)		550,000		549,990
Ares CLO, Ltd. 4.114%, 3M LIBOR + 1.800%, 05/15/30 (144A) (b)		500,000		493,205
5.214%, 3M LIBOR + 2.900%, 05/15/30 (144A) (b)		500,000		497,014
8.489%, 3M LIBOR + 6.150%, 10/15/30 (144A) (b)		500,000		503,746
Atlas Senior Loan Fund X, Ltd. 3.839%, 3M LIBOR + 1.500%, 01/15/31 (144A) (b)		250,000		246,689
Ballyrock CLO, Ltd. 5.039%, 3M LIBOR + 2.700%, 10/15/28 (144A) (b)		1,000,000		1,000,427
BlueMountain CLO, Ltd. 3.698%, 3M LIBOR + 1.350%, 04/20/27 (144A) (b)		300,000		295,503
Carlyle Global Market Strategies CLO, Ltd. 3.939%, 3M LIBOR + 1.600%, 07/28/28 (144A) (b)		250,000		249,994
4.198%, 3M LIBOR + 1.850%, 04/20/27 (144A) (b)		250,000		249,994
6.048%, 3M LIBOR + 3.700%, 07/20/31 (144A) (b)		500,000		506,573
9.348%, 3M LIBOR + 7.000%, 10/20/29 (144A) (b)		750,000		751,435
Cedar Funding CLO, Ltd. 5.586%, 10/17/30 (144A)		270,000		270,407
Chenango Park CLO, Ltd. 4.189%, 3M LIBOR + 1.850%, 04/15/30 (144A) (b)		500,000		493,878
CIFC Funding, Ltd. 4.527%, 3M LIBOR + 2.100%, 10/17/31 (144A) (b)		250,000		250,000
Galaxy CLO, Ltd. Zero Coupon, -1x 3M LIBOR + 3.100%, 10/25/31 (144A) (b)		250,000		250,000

Security Description	Principal Amount*		Value
Asset-Backed - Other—(Continued)
Highbridge Loan Management, Ltd. 4.222%, 3M LIBOR + 1.850%, 07/18/31 (144A) (b)		500,000	$	493,889
Madison Park Funding, Ltd. 5.598%, 3M LIBOR + 3.250%, 07/20/26 (144A) (b)		250,000		250,128
Neuberger Berman CLO, Ltd. 4.599%, 3M LIBOR + 2.150%, 10/17/27 (144A) (b)		250,000		250,000
4.649%, 3M LIBOR + 2.200%, 10/17/30 (144A) (b)		250,000		250,000
5.349%, 3M LIBOR + 2.900%, 10/17/27 (144A) (b)		280,000		280,000
OCP CLO, Ltd. 3.605%, 3M LIBOR + 1.270%, 10/26/30 (144A) (b)		600,000		602,111
Octagon Investment Partners, Ltd. 3.335%, 3M LIBOR + 1.000%, 01/25/31 (144A) (b)		1,500,000		1,498,140
5.189%, 3M LIBOR + 2.850%, 07/15/30 (144A) (b)		500,000		499,986
OneMain Financial Issuance Trust 4.320%, 07/18/25 (144A)		200,000		200,827
OZLM, Ltd. 4.110%, 3M LIBOR + 1.950%, 04/20/31 (144A) (b)		500,000		499,596
4.436%, 3M LIBOR + 2.100%, 04/17/31 (144A) (b)		500,000		495,668
5.110%, 3M LIBOR + 2.950%, 04/20/31 (144A) (b)		500,000		496,476
5.466%, 3M LIBOR + 3.130%, 04/17/31 (144A) (b)		500,000		497,515
Palmer Square CLO, Ltd. 4.199%, 3M LIBOR + 1.750%, 10/17/31 (144A) (b)		250,000		250,000
4.649%, 3M LIBOR + 2.200%, 10/17/31 (144A) (b)		332,000		332,000
5.649%, 3M LIBOR + 3.200%, 10/17/31 (144A) (b)		332,000		332,000
Park Avenue Institutional Advisers CLO, Ltd. 4.110%, 3M LIBOR + 1.800%, 08/23/31 (144A) (b)		250,000		249,993
Rockford Tower CLO, Ltd. 4.229%, 3M LIBOR + 1.800%, 10/20/31 (144A) (b)		250,000		249,738
4.629%, 3M LIBOR + 2.200%, 10/20/31 (144A) (b)		500,000		498,970
5.258%, 3M LIBOR + 3.000%, 05/20/31 (144A) (b)		500,000		497,018
5.529%, 3M LIBOR + 3.100%, 10/20/31 (144A) (b)		250,000		249,983
8.429%, 3M LIBOR + 6.000%, 10/20/31 (144A) (b)		350,000		347,488
RR, Ltd. Zero Coupon, 3M LIBOR + 2.250%, 10/15/31 (144A) (b)		250,000		250,000
Sound Point CLO, Ltd. 4.248%, 3M LIBOR + 1.900%, 04/15/29 (144A) (b)		500,000		499,844
6.598%, 3M LIBOR + 4.250%, 10/20/28 (144A) (b)		500,000		500,375
TICP CLO, Ltd. 4.589%, 3M LIBOR + 2.150%, 10/20/31 (144A) (b)		250,000		250,000
5.489%, 3M LIBOR + 3.050%, 10/20/31 (144A) (b)		250,000		250,000
8.439%, 3M LIBOR + 6.000%, 10/20/31 (144A) (b)		250,000		250,000
Westcott Park CLO, Ltd. 6.698%, 3M LIBOR + 4.350%, 07/20/28 (144A) (b)		500,000		503,755
9.548%, 3M LIBOR + 7.200%, 07/20/28 (144A) (b)		500,000		508,174
York CLO, Ltd. 3.815%, 3M LIBOR + 1.650%, 10/22/29 (144A) (b)		250,000		250,000
4.265%, 3M LIBOR + 2.100%, 10/22/29 (144A) (b)		250,000		250,000
Total Asset-Backed Securities (Cost $22,332,390)				22,387,466

BHFTI-63

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—2.3%

Security Description	Shares		Value
Banks—0.1%
Bank of America Corp.		11,421	$	336,463
JPMorgan Chase & Co.		3,105		350,368
				686,831
Capital Markets—0.1%
Goldman Sachs Group, Inc. (The)		1,475		330,754
Morgan Stanley		6,601		307,408
				638,162
Chemicals—0.4%
Advanced Emissions Solutions, Inc.		11,202		133,976
Platform Specialty Products Corp. (m)		189,342		2,361,095
				2,495,071
Containers & Packaging—0.2%
Crown Holdings, Inc. (m)		26,261		1,260,528
Diversified Telecommunication Services—0.1%
CenturyLink, Inc. (a)		38,196		809,755
Equity Real Estate Investment Trusts—0.1%
Gaming and Leisure Properties, Inc.		19,300		680,325
Health Care Providers & Services—0.1%
Tenet Healthcare Corp. (m)		2,957		84,156
Universal Health Services, Inc. - Class B		4,510		576,559
				660,715
Hotels, Restaurants & Leisure—0.7%
Stars Group, Inc. (The) (m)		181,335		4,503,717
IT Services—0.1%
First Data Corp. - Class A (m)		40,029		979,510
Machinery—0.0%
Gates Industrial Corp. plc (m)		5,946		115,947
Media—0.1%
Altice USA, Inc. - Class A		35,135		637,349
Metals & Mining—0.2%
Constellium NV - Class A (m)		113,844		1,405,973
Oil, Gas & Consumable Fuels—0.0%
Halcon Resources Corp. (m)		50,598		226,173
Pharmaceuticals—0.0%
Elanco Animal Health, Inc. (m)		1,736		60,569
Wireless Telecommunication Services—0.1%
T-Mobile U.S., Inc. (m)		12,004		842,441
Total Common Stocks (Cost $13,997,841)				16,003,066

Preferred Stocks—0.5%
Security Description	Shares/ Principal Amount*		Value
Banks—0.5%
GMAC Capital Trust, 8.099%, 3M LIBOR + 5.785%, 02/15/40 (a) (b)		143,228	$	3,766,896
Diversified Financial Services—0.0%
Marsico Parent Superholdco LLC , 12/14/19 (144A) (h) (i)		25		0
Total Preferred Stocks (Cost $3,805,108)				3,766,896
Mutual Funds—0.5%
Investment Company Securities—0.5%
Financial Select Sector SPDR Fund		74,161		2,045,360
SPDR S&P Oil & Gas Exploration & Production ETF (a)		27,027		1,169,999
Total Mutual Funds (Cost $3,149,781)				3,215,359
Convertible Bonds—0.2%
Media—0.0%
DISH Network Corp. 3.375%, 08/15/26 (a)		501,000		477,837
Oil & Gas—0.1%
Ensco Jersey Finance, Ltd. 3.000%, 01/31/24		543,000		540,639
PDC Energy, Inc. 1.125%, 09/15/21		20,000		19,356
				559,995
Telecommunications—0.1%
Intelsat S.A. 4.500%, 06/15/25		109,000		201,977
Telecom Italia S.p.A. 1.125%, 03/26/22		300,000		335,381
Vodafone Group plc Zero Coupon, 11/26/20		100,000		125,192
				662,550
Total Convertible Bonds (Cost $1,681,976)				1,700,382
Convertible Preferred Stock—0.1%
Machinery—0.1%
Rexnord Corp. 5.750%, 11/15/19 (Cost $306,715)		5,211		338,715
Escrow Shares—0.0%
Auto Parts & Equipment—0.0%
Lear Corp. (d) (f) (h) (i)		1,395,000		0
Lear Corp. (d) (f) (h) (i)		1,530,000		0
				0

BHFTI-64

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Escrow Shares—(Continued)

Security Description	Shares/ Principal Amount*		Value
Chemicals—0.0%
Momentive Performance Materials, Inc. (d) (f) (h)		1,398,000	$	0
				0
Diversified Financial Services—0.0%
Lehman Brothers Holdings, Inc. (d) (f)		489,000		13,692
Lehman Brothers Holdings, Inc. (d) (f)		1,740,000		48,720
				62,412
Total Escrow Shares (Cost $0)				62,412
Warrant—0.0%
Media—0.0%
HMH Publishing Co., Ltd., Expires 06/22/19 (h) (i) (m) (n) (Cost $16)		1,601		0
Short-Term Investment—2.2%
Repurchase Agreement—2.2%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $15,031,803; collateralized by U.S. Treasury Note at 2.375%, maturing 08/15/24, with a market value of $15,334,793.		15,030,550		15,030,550
Total Short-Term Investments (Cost $15,030,550)				15,030,550
Securities Lending Reinvestments (o)—8.4%
Bank Note—0.4%
Bank of America N.A. 2.398%, 1M LIBOR + 0.250%, 11/13/18 (b)		3,000,000		3,000,000
Certificates of Deposit—2.4%
Banco Del Estado De Chile New York 2.419%, 3M LIBOR + 0.100%, 11/14/18 (b)		1,000,000		999,983
Banco Santander S.A. 2.340%, 11/07/18		999,975		1,000,082
Bank of Montreal (Chicago) 2.371%, 3M LIBOR + 0.030%, 11/06/18 (b)		2,000,000		1,999,996
Bank of Nova Scotia 2.618%, 3M LIBOR + 0.280%, 03/20/19 (b)		1,000,000		1,000,954
Barclays Bank plc 2.304%, 1M LIBOR + 0.200%, 02/04/19 (b)		1,000,000		999,797
Commonwealth Bank of Australia 2.487%, 3M LIBOR + 0.140%, 04/23/19 (b)		500,000		500,179
Credit Industriel et Commercial Zero Coupon, 01/25/19		987,228		992,030
Landesbank Baden-Wuettertemberg 2.180%, 10/02/18		2,000,000		2,000,004

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Natixis S.A. New York 2.431%, 3M LIBOR + 0.090%, 05/10/19 (b)		1,000,000	$	999,921
Royal Bank of Canada New York 2.381%, 1M LIBOR + 0.250%, 01/11/19 (b)		1,000,000		1,000,330
Sumitomo Mitsui Trust Bank, Ltd. 2.502%, 1M LIBOR + 0.320%, 11/21/18 (b)		2,000,000		2,000,000
Sumitomo Mitsui Trust Bank, Ltd., London 2.321%, 1M LIBOR + 0.190%, 04/11/19 (b)		1,000,000		999,953
Svenska Handelsbanken AB 2.439%, 3M LIBOR + 0.100%, 04/30/19 (b)		1,000,000		1,000,119
Wells Fargo Bank N.A. 2.475%, 3M LIBOR + 0.140%, 10/26/18 (b)		500,000		500,083
Westpac Banking Corp. 2.630%, FEDEFF PRV + 0.450%, 02/15/19 (b)		1,000,000		1,000,531
				16,993,962
Commercial Paper—1.0%
Bank of China, Ltd. 2.550%, 10/19/18		993,838		998,716
2.550%, 12/20/18		993,625		994,247
ING Funding LLC 2.448%, 3M LIBOR + 0.110%, 05/10/19 (b)		1,000,000		1,000,103
Sheffield Receivables Co. 2.490%, 11/26/18		986,928		996,159
Sinopec Century Bright Capital Investment, Ltd. 2.400%, 11/01/18		994,000		997,834
Starbird Funding Corp. 2.280%, 11/08/18		994,300		997,446
UBS AG 2.534%, 1M LIBOR + 0.430%, 02/01/19 (b)		1,000,000		1,000,923
				6,985,428
Repurchase Agreements—3.6%
Citigroup Global Markets, Inc. Repurchase Agreement dated 05/03/18 at 2.440%, due on 10/05/18 with a maturity value of $505,253; collateralized by U.S. Treasury Obligations with rates ranging from 1.625% - 2.250%, maturity dates ranging from 11/30/19 - 11/15/27, and various Common Stock with an aggregate market value of $527,143.		500,000		500,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $1,100,205; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.625% - 2.875%, maturity dates ranging from 01/15/19 - 02/15/43, and an aggregate market value of $1,122,000.		1,100,000		1,100,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $700,131; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 1.750% - 2.875%, maturity dates ranging from 10/15/20 - 05/15/27, and an aggregate market value of $714,000.		700,000		700,000

BHFTI-65

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (o)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Citigroup Global Markets, Ltd.
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $1,100,205; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.375% - 3.125%, maturity dates ranging from 12/17/18 - 02/15/43, and an aggregate market value of $1,122,000.		1,100,000	$	1,100,000
Deutsche Bank AG, London Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $611,307; collateralized by various Common Stock with an aggregate market value of $667,994.		600,000		600,000
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $702,776; collateralized by various Common Stock with an aggregate market value of $777,872.		700,000		700,000
Macquarie Bank, Ltd., London Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $1,679,136; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 5.500%, maturity dates ranging from 08/31/19 - 05/15/48, and an aggregate market value of $1,711,099.		1,678,828		1,678,828
Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 10/26/16 at 2.720%, due on 12/31/18 with a maturity value of $2,968,398; collateralized by various Common Stock with an aggregate market value of $3,080,000.		2,800,000		2,800,000
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $4,001,921; collateralized by various Common Stock with an aggregate market value of $4,400,857.		4,000,000		4,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $1,114,229; collateralized by various Common Stock with an aggregate market value of $1,223,921.		1,100,000		1,100,000
Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $1,223,790; collateralized by various Common Stock with an aggregate market value of $1,335,186.		1,200,000		1,200,000
Repurchase Agreement dated 07/18/18 at 2.370%, due on 10/05/18 with a maturity value of $703,641; collateralized by various Common Stock with an aggregate market value of $778,921.		700,000		700,000
Repurchase Agreement dated 07/19/18 at 2.370%, due on 10/05/18 with a maturity value of $1,005,135; collateralized by various Common Stock with an aggregate market value of $1,112,744.		1,000,000		1,000,000
Societe Generale Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $1,519,924; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $1,665,973.		1,500,000		1,500,000

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Societe Generale
Repurchase Agreement dated 03/16/18 at 2.310%, due on 10/01/18 with a maturity value of $1,822,985; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $1,999,167.		1,800,000	$	1,800,000
Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $1,923,652; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,110,232.		1,900,000		1,900,000
Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $1,922,798; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,110,232.		1,900,000		1,900,000
Repurchase Agreement dated 07/10/18 at 2.340%, due on 10/05/18 with a maturity value of $502,828; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $555,324.		500,000		500,000
				24,778,828
Time Deposits—1.0%
Canadian Imperial Bank of Commerce 2.130%, 10/01/18		1,000,000		1,000,000
Cooperative Rabobank UA New York 2.150%, 10/01/18		2,000,000		2,000,000
DZ Bank AG 2.150%, 10/01/18		2,000,000		2,000,000
Nordea Bank New York 2.140%, 10/01/18		2,000,000		2,000,000
				7,000,000
Total Securities Lending Reinvestments (Cost $58,755,433)				58,758,218
Total Purchased Options—0.0% (p) (Cost $9,643)				5,559
Total Investments—109.8% (Cost $766,109,086)				764,333,485
Unfunded Loan Commitments—(0.0)% (Cost $(85,024))				(85,024	)
Net Investments—109.8% (Cost $766,024,062)				764,248,461
Other assets and liabilities (net)—(9.8)%				(67,901,184	)
Net Assets—100.0%			$	696,347,277

BHFTI-66

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

*	Principal and notional amounts stated in U.S. dollars unless otherwise noted.
(a)	All or a portion of the security was held on loan. As of September 30, 2018, the market value of securities loaned was $56,318,510 and the collateral received consisted of cash in the amount of $58,728,721. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(b)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above.
(c)	Payment-in-kind security for which part of the income earned may be paid as additional principal.
(d)	Non-income producing; security is in default and/or issuer is in bankruptcy.
(e)	Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.
(f)	Illiquid security. As of September 30, 2018, these securities represent 0.0% of net assets.
(g)	All or a portion of the security was pledged as collateral against open reverse repurchase agreements. As of September 30, 2018, the value of securities pledged amounted to $1,005,150.
(h)	Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3.
(i)	Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2018, these securities represent less than 0.05% of net assets.
(j)	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 have an expected average life of approximately two to four years. The stated interest rate represents the weighted average interest rate of all contracts within the senior loan facility and includes commitment fees on unfunded loan commitments, if any. Senior Loans typically have rates of interest which are determined either daily, monthly, quarterly or semi-annually by reference to a base lending rate, plus a premium. These base rates are primarily the London Interbank Offered Rate (“LIBOR”) and secondarily, the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit (“CD”) rate or other base lending rates used by commercial lenders.
(k)	This loan will settle after September 30, 2018, at which time the interest rate will be determined.
(l)	Unfunded or partially unfunded loan commitments. The Portfolio may enter into certain credit agreements for which all or a portion may be unfunded. The Portfolio is obligated to fund these commitments at the borrower’s discretion.
(m)	Non-income producing security.
(n)	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, 2018, 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.
(o)	Represents investment of cash collateral received from securities on loan as of September 30, 2018.
(p)	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, 2018, the market value of 144A securities was $330,209,369, which is 47.4% of net assets.

Restricted Securities	Acquisition Date		Shares		Cost		Value
HMH Publishing Co., Ltd. 06/22/19		06/22/12		1,601	$	16	$	0

Reverse Repurchase Agreement

Counterparty	Interest Rate			Settlement Date		Maturity Date(a)		Principal Amount		Net Closing Amount
Credit Suisse Securities (USA) LLC		2.300	%		08/21/18		OPEN	$	953,750	$	953,750

(a) Certain agreements have no stated maturity and can be terminated by either party at any time

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

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
EUR	258,000	SCB		10/01/18		USD	302,898	$	(3,347	)
EUR	32,344,000	UBSA		10/04/18		USD	37,454,352		104,576
GBP	5,685,000	CBNA		10/04/18		USD	7,416,083		(5,602	)

BHFTI-67

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
EUR	30,741,000	BBP		10/04/18		USD	35,850,769	$	153,298
EUR	874,000	HSBC		10/04/18		USD	1,018,725		3,808
EUR	174,000	HSBC		10/04/18		USD	203,829		1,774
EUR	103,000	NIP		10/04/18		USD	119,991		384
EUR	98,000	NIP		10/04/18		USD	113,422		(378	)
EUR	195,000	SCB		10/04/18		USD	228,692		2,251
EUR	258,000	SCB		11/05/18		USD	303,724		3,377
EUR	32,344,000	UBSA		11/05/18		USD	37,548,020		(104,753	)
GBP	5,624,000	JPMC		10/04/18		USD	7,313,871		(17,095	)
GBP	61,000	NIP		10/04/18		USD	80,262		747
GBP	5,685,000	CBNA		11/05/18		USD	7,426,549		5,569
Net Unrealized Appreciation								$	144,609

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation
Euro STOXX 50 Index Futures		12/21/18		2			EUR	67,740		$	1,505
STOXX Europe 600 Bank Index Futures		12/21/18		3			EUR	23,430			52
Futures Contracts—Short
Euro-Bobl Futures		12/06/18		(2	)		EUR	(261,400	)		2,042
Euro-Bund Futures		12/06/18		(2	)		EUR	(317,580	)		4,457
Russell 2000 Index Mini Futures		12/21/18		(42	)		USD	(3,571,680	)		18,914
U.S. Treasury Note 10 Year Futures		12/19/18		(2	)		USD	(237,563	)		2,731
U.S. Treasury Note 5 Year Futures		12/31/18		(1	)		USD	(112,477	)		768
United Kingdom Long Gilt Bond Futures		12/27/18		(1	)		GBP	(120,940	)		1,472
Net Unrealized Appreciation										$	31,941

Purchased Options

Options on Exchange-Traded Futures Contracts	Strike Price			Expiration Date		Number of Contracts		Notional Amount		Premiums Paid		Market Value		Unrealized Depreciation
Call - Euro STOXX Banks Index		EUR	110.000		10/19/18		40		EUR    2,000	$	4,722	$	2,555	$	(2,167	)
Call - Euro STOXX Banks Index		EUR	112.500		11/16/18		45		EUR    2,250		4,921		3,004		(1,917	)
Totals										$	9,643	$	5,559	$	(4,084	)

Swap Agreements

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

Reference Obligation	Fixed Deal Receive Rate	Payment Frequency		Maturity Date	Implied Credit Spread at September 30, 2018(b)	Notional Amount(c)			Market Value		Upfront Premiums Paid/(Received)		Unrealized Appreciation
Chesapeake Energy Corp. 6.625%, due 08/15/20	5.000%		Quarterly	12/20/21	0.437%		USD	280,000	$	22,649	$	(11,186)	$	33,835
CDX.NA.HY.31.V1	5.000%		Quarterly	12/20/23	3.315%		USD	17,138,000		1,253,388		1,210,085		43,303
Totals									$	1,276,037	$	1,198,899	$	77,138

BHFTI-68

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

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

Reference Obligation	Fixed Deal Receive Rate		Payment Frequency	Maturity Date		Counterparty	Implied Credit Spread at September 30, 2018(b)	Notional Amount(c)			Market Value		Upfront Premium Paid/(Received)		Unrealized Appreciation/ (Depreciation)
Casino Guichard Perrachon S.A. 4.407%, due 08/06/19		1.000%	Quarterly		06/20/23	CBNA	4.704%		EUR	70,000	$	(12,247)	$	(10,383)	$	(1,864)
Casino Guichard Perrachon S.A. 4.407%, due 08/06/19		1.000%	Quarterly		06/20/23	BBP	4.704%		EUR	30,000		(5,249)		(3,002)		(2,247)
Casino Guichard Perrachon S.A. 4.407%, due 08/06/19		1.000%	Quarterly		06/20/23	BBP	4.704%		EUR	55,898		(9,780)		(7,119)		(2,661)
Casino Guichard Perrachon S.A. 4.407%, due 08/06/19		1.000%	Quarterly		06/20/23	BBP	4.704%		EUR	64,102		(11,215)		(8,386)		(2,829)
Casino Guichard Perrachon S.A. 4.407%, due 08/06/19		1.000%	Quarterly		06/20/23	CBNA	4.704%		EUR	21,146		(3,700)		(3,020)		(680)
Casino Guichard Perrachon S.A. 4.407%, due 08/06/19		1.000%	Quarterly		06/20/23	JPMC	4.704%		EUR	8,466		(1,481)		(1,132)		(349)
Casino Guichard Perrachon S.A. 4.407%, due 08/06/19		1.000%	Quarterly		06/20/23	JPMC	4.704%		EUR	12,699		(2,222)		(1,698)		(524)
Casino Guichard Perrachon S.A. 4.407%, due 08/06/19		1.000%	Quarterly		06/20/23	JPMC	4.704%		EUR	21,166		(3,703)		(3,023)		(680)
Casino Guichard Perrachon S.A. 4.407%, due 08/06/19		1.000%	Quarterly		06/20/23	JPMC	4.704%		EUR	30,000		(5,248)		(3,082)		(2,166)
Casino Guichard Perrachon S.A. 4.407%, due 08/06/19		1.000%	Quarterly		12/20/23	BBP	4.804%		EUR	150,000		(29,137)		(24,755)		(4,382)
Casino Guichard Perrachon S.A. 4.407%, due 08/06/19		1.000%	Quarterly		12/20/22	JPMC	4.580%		EUR	50,000		(7,733)		(2,126)		(5,607)
Century Link, Inc. 6.150%, due 09/15/19		1.000%	Quarterly		12/20/23	BBP	2.823%		USD	348,000		(28,839)		(27,922)		(917)
Century Link, Inc. 6.150%, due 09/15/19		1.000%	Quarterly		06/20/25	BBP	3.422%		USD	225,000		(29,612)		(41,969)		12,357
Fiat Chrysler Automobiles NV 4.500%, due 04/15/20		5.000%	Quarterly		12/20/22	CBNA	1.282%		EUR	50,000		8,985		10,561		(1,576)
Fiat Chrysler Automobiles NV 4.500%, due 04/15/20		5.000%	Quarterly		06/20/23	BBP	1.499%		EUR	100,000		18,735		16,898		1,837
Garfunkelux Holdco 2 S.A. 11.000%, due 11/01/23		5.000%	Quarterly		06/20/23	CSI	4.677%		EUR	100,000		1,577		1,322		255
Garfunkelux Holdco 2 S.A. 11.000%, due 11/01/23		5.000%	Quarterly		12/20/23	JPMC	5.035%		EUR	25,696		(47)		(193)		146
Intesa San Paolo S.p.A. 0.990%, due 03/03/17		1.000%	Quarterly		06/20/23	CBNA	1.552%		EUR	140,000		(4,079)		(6,815)		2,736
Intrum Justitia AB 3.125%, due 07/15/24		5.000%	Quarterly		06/20/23	CBNA	3.623%		EUR	41,347		2,879		2,071		808
Intrum Justitia AB 3.125%, due 07/15/24		5.000%	Quarterly		06/20/23	CBNA	3.623%		EUR	18,653		1,299		932		367
Intrum Justitia AB 3.125%, due 07/15/24		5.000%	Quarterly		06/20/23	CSI	3.623%		EUR	50,000		3,481		5,535		(2,054)
Intrum Justitia AB 3.125%, due 07/15/24		5.000%	Quarterly		06/20/23	CSI	3.623%		EUR	30,000		2,089		3,181		(1,092)
Intrum Justitia AB 3.125%, due 07/15/24		5.000%	Quarterly		06/20/23	CSI	3.623%		EUR	13,714		955		1,689		(734)
Intrum Justitia AB 3.125%, due 07/15/24		5.000%	Quarterly		06/20/23	JPMC	3.623%		EUR	100,000		6,963		5,004		1,959
Telecom Italia S.p.A. 5.375%, due 01/29/19		1.000%	Quarterly		12/20/22	CBNA	1.970%		EUR	50,000		(2,297)		(1,003)		(1,294)
Thomas Cook Group Plc 6.250%, due 06/15/22		5.000%	Quarterly		06/20/23	BBP	2.978%		EUR	120,000		12,537		16,327		(3,790)
Thomas Cook Group Plc 6.250%, due 06/15/22		5.000%	Quarterly		06/20/23	CBNA	2.978%		EUR	50,000		5,224		6,738		(1,514)
Totals											$	(91,865)	$	(75,370)	$	(16,495)

BHFTI-69

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

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

Glossary of Abbreviations

Counterparties

(BBP)—	Barclays Bank plc
(CBNA)—	Citibank N.A.
(CSI)—	Credit Suisse International
(HSBC)—	HSBC Bank plc
(JPMC)—	JPMorgan Chase Bank N.A.
(NIP)—	Nomura International plc
(SCB)—	Standard Chartered Bank
(UBSA)—	UBS AG

Currencies

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

Other Abbreviations

(CDX.NA.HY)—	Markit North America High Yield CDS Index
(FEDEFF PRV)—	Effective Federal Funds Rate
(EURIBOR)—	Euro Interbank Offered Rate
(LIBOR)—	London Interbank Offered Rate

Other Abbreviations

(CLO)—	Collateralized Loan Obligation
(ETF)—	Exchange-Traded Fund

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2		Level 3		Total
Corporate Bonds & Notes
Advertising	$	—	$	2,092,293	$	—	$	2,092,293
Aerospace/Defense		—		14,446,346		—		14,446,346
Airlines		—		196,876		—		196,876
Apparel		—		253,745		—		253,745
Auto Manufacturers		—		4,035,764		—		4,035,764

BHFTI-70

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1		Level 2		Level 3		Total
Auto Parts & Equipment	$	—	$	2,832,465	$	—	$	2,832,465
Banks		—		19,751,181		—		19,751,181
Building Materials		—		3,281,521		—		3,281,521
Chemicals		—		20,922,813		—		20,922,813
Coal		—		1,921,015		—		1,921,015
Commercial Services		—		23,285,675		—		23,285,675
Computers		—		8,335,758		—		8,335,758
Distribution/Wholesale		—		6,233,836		—		6,233,836
Diversified Financial Services		—		26,937,781		—		26,937,781
Electric		—		11,498,403		—		11,498,403
Electrical Components & Equipment		—		964,013		—		964,013
Electronics		—		1,068,498		—		1,068,498
Energy-Alternate Sources		—		1,325,198		—		1,325,198
Engineering & Construction		—		3,274,845		—		3,274,845
Entertainment		—		7,654,398		0		7,654,398
Environmental Control		—		2,728,813		—		2,728,813
Food		—		5,623,201		—		5,623,201
Food Service		—		1,398,626		—		1,398,626
Forest Products & Paper		—		871,137		—		871,137
Gas		—		2,026,657		—		2,026,657
Healthcare-Products		—		11,970,629		—		11,970,629
Healthcare-Services		—		32,183,291		—		32,183,291
Home Builders		—		7,256,824		—		7,256,824
Home Furnishings		—		109,298		—		109,298
Household Products/Wares		—		519,153		—		519,153
Insurance		—		5,864,311		—		5,864,311
Internet		—		5,335,480		—		5,335,480
Investment Company Security		—		591,600		—		591,600
Iron/Steel		—		3,430,945		—		3,430,945
Leisure Time		—		3,623,564		—		3,623,564
Lodging		—		5,642,764		—		5,642,764
Machinery-Construction & Mining		—		2,065,400		—		2,065,400
Machinery-Diversified		—		3,143,484		—		3,143,484
Media		—		56,819,579		—		56,819,579
Metal Fabricate/Hardware		—		3,536,434		—		3,536,434
Mining		—		12,328,297		—		12,328,297
Miscellaneous Manufacturing		—		1,811,146		—		1,811,146
Office/Business Equipment		—		1,161,661		—		1,161,661
Oil & Gas		—		66,243,582		—		66,243,582
Oil & Gas Services		—		6,588,917		—		6,588,917
Packaging & Containers		—		10,264,352		—		10,264,352
Pharmaceuticals		—		15,055,606		—		15,055,606
Pipelines		—		16,136,220		—		16,136,220
Real Estate		—		3,432,304		0		3,432,304
Real Estate Investment Trusts		—		10,375,986		—		10,375,986
Retail		—		10,782,235		—		10,782,235
Semiconductors		—		1,757,330		—		1,757,330
Software		—		27,857,037		—		27,857,037
Storage/Warehousing		—		3,008,395		—		3,008,395
Telecommunications		—		47,334,492		—		47,334,492
Toys/Games/Hobbies		—		912,900		—		912,900
Transportation		—		778,288		—		778,288
Trucking & Leasing		—		2,011,077		—		2,011,077
Total Corporate Bonds & Notes		—		552,893,439		0		552,893,439
Total Floating Rate Loans (Less Unfunded Loan Commitments)*		—		90,086,399		—		90,086,399
Total Asset-Backed Securities*		—		22,387,466		—		22,387,466
Total Common Stocks*		16,003,066		—		—		16,003,066

BHFTI-71

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1		Level 2			Level 3		Total
Preferred Stocks
Banks	$	3,766,896	$	—		$	—	$	3,766,896
Diversified Financial Services		—		—			0		0
Total Preferred Stocks		3,766,896		—			0		3,766,896
Total Mutual Funds*		3,215,359		—			—		3,215,359
Total Convertible Bonds*		—		1,700,382			—		1,700,382
Total Convertible Preferred Stock*		338,715		—			—		338,715
Escrow Shares
Auto Parts & Equipment		—		—			0		0
Chemicals		—		—			0		0
Diversified Financial Services		—		62,412			—		62,412
Total Escrow Shares		—		62,412			0		62,412
Total Warrant*		—		—			0		0
Total Short-Term Investment*		—		15,030,550			—		15,030,550
Total Securities Lending Reinvestments*		—		58,758,218			—		58,758,218
Total Purchased Options at Value		5,559		—			—		5,559
Total Net Investments	$	23,329,595	$	740,918,866		$	0	$	764,248,461
Collateral for Securities Loaned (Liability)	$	—	$	(58,728,721	)	$	—	$	(58,728,721	)
Total Reverse Repurchase Agreements (Liability)	$	—	$	(953,750	)	$	—	$	(953,750	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—	$	275,784		$	—	$	275,784
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—		(131,175	)		—		(131,175	)
Total Forward Contracts	$	—	$	144,609		$	—	$	144,609
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	31,941	$	—		$	—	$	31,941
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Appreciation)	$	—	$	77,138		$	—	$	77,138
OTC Swap Contracts
OTC Swap Contracts at Value (Assets)	$	—	$	64,724		$	—	$	64,724
OTC Swap Contracts at Value (Liabilities)		—		(156,589	)		—		(156,589	)
Total OTC Swap Contracts	$	—	$	(91,865	)	$	—	$	(91,865	)

* 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, 2018 is not presented.

Transfers from Level 2 to Level 3 in the amount of $20 were due to a decline in market activity for significant observable inputs, which resulted in a lack of available market inputs to determine price.

BHFTI-72

Brighthouse Funds Trust I

Brighthouse Asset Allocation 100 Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Mutual Funds—100.0% of Net Assets

Security Description	Shares		Value
Affiliated Investment Companies—100.0%
Baillie Gifford International Stock Portfolio (Class A) (a)		5,563,369	$	71,489,286
BlackRock Capital Appreciation Portfolio (Class A) (a)		1,594,616		73,272,609
Brighthouse Small Cap Value Portfolio (Class A) (b)		2,126,020		35,462,022
Brighthouse/Aberdeen Emerging Markets Equity Portfolio (Class A) (b)		5,860,807		57,728,953
Brighthouse/Artisan International Portfolio (Class A) (b)		6,102,860		68,352,027
Brighthouse/Artisan Mid Cap Value Portfolio (Class A) (a)		70,759		17,939,504
Brighthouse/Dimensional International Small Company Portfolio (Class A) (a)		6,276,227		83,348,301
Brighthouse/Wellington Core Equity Opportunities Portfolio (Class A) (a)		3,053,748		100,773,677
Brighthouse/Wellington Large Cap Research Portfolio (Class A) (b)		4,399,340		68,673,695
Clarion Global Real Estate Portfolio (Class A) (b)		4,648,756		53,042,306
ClearBridge Aggressive Growth Portfolio (Class A) (b)		5,859,882		113,681,704
Frontier Mid Cap Growth Portfolio (Class A) (a)		478,156		18,289,449
Harris Oakmark International Portfolio (Class A) (b)		6,271,808		91,505,683
Invesco Comstock Portfolio (Class A) (b)		7,107,460		112,653,242
Invesco Small Cap Growth Portfolio (Class A) (b)		2,063,975		32,755,276
Jennison Growth Portfolio (Class A) (a)		6,390,682		110,303,166
JPMorgan Small Cap Value Portfolio (Class A) (b)		1,824,646		31,675,848
Loomis Sayles Small Cap Growth Portfolio (Class A) (a)		1,960,727		32,097,096
MFS Research International Portfolio (Class A) (b)		4,210,701		52,591,661

Security Description	Shares		Value
Affiliated Investment Companies—(Continued)
MFS Value Portfolio (Class A) (a)		7,482,546	$	116,952,196
Morgan Stanley Mid Cap Growth Portfolio (Class A) (b)		410,113		9,387,489
Neuberger Berman Genesis Portfolio (Class A) (a)		937,939		20,841,009
Oppenheimer Global Equity Portfolio (Class A) (b)		1,828,605		44,398,522
T. Rowe Price Large Cap Growth Portfolio (Class A) (a)		4,531,533		109,164,640
T. Rowe Price Large Cap Value Portfolio (Class A) (b)		3,306,737		107,700,428
T. Rowe Price Mid Cap Growth Portfolio (Class A) (b)		1,555,006		18,240,226
T. Rowe Price Small Cap Growth Portfolio (Class A) (a)		1,041,031		27,379,121
Van Eck Global Natural Resources Portfolio (Class A) (a)		6,534,159		65,537,614
Victory Sycamore Mid Cap Value Portfolio (Class A) (b)		492,381		9,005,643
Wells Capital Management Mid Cap Value Portfolio (Class A) (b)		1,540,138		17,804,000
Total Mutual Funds (Cost $1,578,311,500)				1,772,046,393
Total Investments—100.0% (Cost $1,578,311,500)				1,772,046,393
Other assets and liabilities (net)—0.0%				(552,089	)
Net Assets—100.0%			$	1,771,494,304

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

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2		Level 3		Total
Mutual Funds
Affiliated Investment Companies	$	1,772,046,393	$	—	$	—	$	1,772,046,393
Total Investments	$	1,772,046,393	$	—	$	—	$	1,772,046,393

BHFTI-73

Brighthouse Funds Trust I

Brighthouse Balanced Plus Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Mutual Funds—69.3% of Net Assets

Security Description	Shares		Value
Affiliated Investment Companies—69.3%
Baillie Gifford International Stock Portfolio (Class A) (a)		23,524,795	$	302,293,616
BlackRock Bond Income Portfolio (Class A) (a)		8,251,661		840,266,600
BlackRock Capital Appreciation Portfolio (Class A) (a)		1,160,095		53,306,377
BlackRock High Yield Portfolio (Class A) (b)		16,083,708		122,879,528
Brighthouse Small Cap Value Portfolio (Class A) (b)		7,616,561		127,044,241
Brighthouse/Aberdeen Emerging Markets Equity Portfolio (Class A) (b)		16,089,905		158,485,565
Brighthouse/Artisan International Portfolio (Class A) (b)		21,521,995		241,046,344
Brighthouse/Artisan Mid Cap Value Portfolio (Class A) (a)		722,691		183,223,763
Brighthouse/Dimensional International Small Company Portfolio (Class A) (a)		12,134,634		161,147,941
Brighthouse/Eaton Vance Floating Rate Portfolio (Class A) (b)		17,731,845		183,524,596
Brighthouse/Franklin Low Duration Total Return Portfolio (Class A) (b)		31,915,523		303,516,623
Brighthouse/Templeton International Bond Portfolio (Class A) (b) (c)		29,394,316		297,176,540
Brighthouse/Wellington Core Equity Opportunities Portfolio (Class A) (a)		1,858,035		61,315,166
Brighthouse/Wellington Large Cap Research Portfolio (Class A) (b)		3,976,036		62,065,920
Clarion Global Real Estate Portfolio (Class A) (b)		9,471,096		108,065,208
ClearBridge Aggressive Growth Portfolio (Class A) (b)		2,224,007		43,145,738
Frontier Mid Cap Growth Portfolio (Class A) (a)		4,239,354		162,155,281
Harris Oakmark International Portfolio (Class A) (b)		28,800,067		420,192,974
Invesco Comstock Portfolio (Class A) (b)		2,623,135		41,576,691
Invesco Small Cap Growth Portfolio (Class A) (b)		6,819,946		108,232,542
Jennison Growth Portfolio (Class A) (a)		3,813,773		65,825,725
JPMorgan Core Bond Portfolio (Class A) (b)		61,009,533		600,943,895
JPMorgan Small Cap Value Portfolio (Class A) (b)		6,029,112		104,665,381
MFS Research International Portfolio (Class A) (b)		23,868,814		298,121,482
MFS Value Portfolio (Class A) (a)		3,307,052		51,689,219
Morgan Stanley Mid Cap Growth Portfolio (Class A) (b)		2,758,487		63,141,775
Neuberger Berman Genesis Portfolio (Class A) (a)		3,883,631		86,294,287
Oppenheimer Global Equity Portfolio (Class A) (b)		5,031,593		122,167,082
PIMCO Inflation Protected Bond Portfolio (Class A) (b)		24,771,077		239,536,316
PIMCO Total Return Portfolio (Class A) (b)		58,845,322		663,186,781
T. Rowe Price Large Cap Value Portfolio (Class A) (b)		1,274,733		41,518,046
T. Rowe Price Mid Cap Growth Portfolio (Class A) (b)		10,606,874		124,418,634
T. Rowe Price Small Cap Growth Portfolio (Class A) (a)		4,960,922		130,472,257
TCW Core Fixed Income Portfolio (Class A) (b)		67,368,989		660,889,784
Van Eck Global Natural Resources Portfolio (Class A) (a)		15,638,198		156,851,122
Wells Capital Management Mid Cap Value Portfolio (Class A) (b)		15,771,861		182,322,708
Western Asset Management Strategic Bond Opportunities Portfolio (Class A) (a)		30,382,064		391,928,622
Western Asset Management U.S. Government Portfolio (Class A) (a)		37,296,430		422,195,591
Total Mutual Funds (Cost $8,344,288,825)				8,386,829,961

U.S. Treasury & Government Agencies—31.4%
Security Description	Shares/ Principal Amount*		Value
Agency Sponsored Mortgage - Backed—3.7%
Fannie Mae 30 Yr. Pool 3.500%, TBA (d)		215,000,000	$	211,575,695
4.000%, TBA (d)		225,000,000		226,873,433
Fannie Mae Pool 2.920%, 03/01/35		2,950,000		2,566,408
3.180%, 07/01/35		2,783,663		2,569,767
Freddie Mac Multifamily Structured Pass-Through Certificates (CMO) 3.176%, 11/25/28		7,379,555		7,252,433
				450,837,736
Federal Agencies—1.4%
Federal Home Loan Mortgage Corp. 2.375%, 01/13/22		10,500,000		10,316,964
6.250%, 07/15/32		30,000,000		39,517,890
Federal National Mortgage Association 1.875%, 09/24/26		36,006,000		32,628,997
6.625%, 11/15/30 (e)		19,200,000		25,284,442
Residual Funding Corp. Principal Strip Zero Coupon, 10/15/19		24,600,000		23,912,488
Zero Coupon, 07/15/20		18,900,000		17,964,241
Zero Coupon, 04/15/30		19,500,000		13,043,613
Tennessee Valley Authority 2.875%, 02/01/27		1,700,000		1,638,417
4.250%, 09/15/65		10,000,000		10,902,430
				175,209,482
U.S. Treasury—26.3%
U.S. Treasury Bonds 2.250%, 08/15/46 (f)		32,500,000		26,823,926
2.500%, 02/15/46 (f)		87,700,000		76,504,547
2.500%, 05/15/46 (f)		21,000,000		18,304,453
2.750%, 08/15/42		29,400,000		27,222,563
2.750%, 11/15/42		196,000,000		181,307,656
2.875%, 05/15/43		126,000,000		119,089,687
2.875%, 08/15/45		51,300,000		48,282,117
2.875%, 11/15/46 (f)		114,100,000		107,262,913
3.000%, 11/15/44		96,000,000		92,628,750
3.000%, 02/15/47 (f)		96,900,000		93,330,597
3.000%, 05/15/47		95,000,000		91,452,344
3.125%, 02/15/42		93,900,000		92,927,989
3.125%, 02/15/43		89,700,000		88,592,766
3.125%, 05/15/48 (f)		25,000,000		24,655,274
3.375%, 05/15/44		99,895,000		102,938,676
3.625%, 08/15/43		25,200,000		27,027,984
4.250%, 11/15/40		177,700,000		207,888,175
4.375%, 05/15/40		31,300,000		37,180,976
4.375%, 05/15/41		51,000,000		60,783,633
4.625%, 02/15/40		113,700,000		139,389,094
8.000%, 11/15/21 (g)		57,700,000		66,465,441
U.S. Treasury Inflation Indexed Bonds 0.750%, 02/15/45 (f) (h)		3,852,612		3,580,521
2.000%, 01/15/26 (f) (h)		4,824,822		5,191,324
3.625%, 04/15/28 (f) (h)		6,232,360		7,735,186

BHFTI-74

Brighthouse Funds Trust I

Brighthouse Balanced Plus Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

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

Security Description	Principal Amount*		Value
U.S. Treasury—(Continued)
U.S. Treasury Notes 1.125%, 02/28/21		125,000,000	$	119,975,586
1.250%, 03/31/21 (g)		116,600,000		112,109,079
1.500%, 03/31/23 (g)		85,000,000		79,873,437
2.000%, 05/31/21		137,500,000		134,449,219
2.125%, 12/31/21 (g)		111,000,000		108,359,414
2.125%, 12/31/22 (f) (g)		20,000,000		19,352,344
2.500%, 03/31/23 (f)		46,500,000		45,642,656
2.625%, 06/30/23		20,000,000		19,717,969
2.750%, 04/30/23 (f)		80,000,000		79,350,000
2.750%, 05/31/23 (g)		40,000,000		39,675,000
2.750%, 08/31/23		680,000,000		674,103,122
				3,179,174,418
Total U.S. Treasury & Government Agencies (Cost $3,919,939,342)				3,805,221,636
Corporate Bonds & Notes—1.3%
Agriculture—0.1%
Philip Morris International, Inc. 6.375%, 05/16/38		5,000,000		6,010,766
Banks—0.9%
Bank of America Corp. 6.875%, 11/15/18		600,000		603,186
Bank of New York Mellon Corp. (The) 4.950%, 3M LIBOR + 3.420%, 06/20/20 (i)		6,800,000		6,936,000
Cooperatieve Rabobank UA 3.375%, 05/21/25		5,000,000		4,886,153
Credit Suisse AG 2.300%, 05/28/19		10,700,000		10,669,207
Goldman Sachs Group, Inc. (The) 3.750%, 02/25/26		19,500,000		18,939,017
HSBC Holdings plc 4.300%, 03/08/26		20,000,000		19,902,057
5.250%, 03/14/44		3,000,000		3,123,290
JPMorgan Chase & Co. 3.220%, 3M LIBOR + 1.155%, 03/01/25 (i)		19,900,000		19,277,897
6.125%, 3M LIBOR + 3.330%, 04/30/24 (i)		3,000,000		3,124,140
Mizuho Financial Group, Inc. 2.632%, 04/12/21 (144A)		5,200,000		5,072,311
PNC Bank N.A. 2.250%, 07/02/19		8,000,000		7,969,108
Wells Fargo & Co. 5.900%, 3M LIBOR + 3.110%, 06/15/24 (i)		8,600,000		8,729,000
				109,231,366
Biotechnology—0.0%
Amgen, Inc. 2.700%, 05/01/22		3,300,000		3,208,879
Diversified Financial Services—0.0%
American Express Credit Corp. 2.887%, 3M LIBOR + 0.550%, 03/18/19 (i)		5,000,000		5,009,640

Security Description	Principal Amount*		Value
Electric—0.1%
Electricite de France S.A. 2.150%, 01/22/19 (144A)		6,200,000	$	6,189,745
Ohio Power Co. 5.375%, 10/01/21		949,000		1,004,468
				7,194,213
Insurance—0.0%
MassMutual Global Funding II 2.500%, 10/17/22 (144A)		4,000,000		3,854,423
Oil & Gas—0.1%
Gazprom OAO Via Gaz Capital S.A. 9.250%, 04/23/19 (144A)		4,200,000		4,310,208
Statoil ASA 2.450%, 01/17/23		5,400,000		5,200,718
				9,510,926
Pharmaceuticals—0.1%
Forest Laboratories LLC 4.875%, 02/15/21 (144A)		5,000,000		5,147,592
Software—0.0%
Microsoft Corp. 3.500%, 11/15/42		4,500,000		4,186,790
Telecommunications—0.0%
AT&T, Inc. 4.800%, 06/15/44		3,000,000		2,762,761
Transportation—0.0%
Vessel Management Services, Inc. 3.432%, 08/15/36		2,933,000		2,735,349
Total Corporate Bonds & Notes (Cost $161,294,676)				158,852,705
Mortgage-Backed Securities—0.2%
Commercial Mortgage-Backed Securities—0.2%
CSMC Trust 3.953%, 09/15/37 (144A)		20,000,000		19,930,984
Total Mortgage-Backed Securities (Cost $20,599,840)				19,930,984
Municipals—0.1%
Los Angeles Community College District, Build America Bond 6.750%, 08/01/49		400,000		578,144
Port Authority of New York & New Jersey 4.458%, 10/01/62		1,845,000		1,911,918
University of California CA, Revenue 1.796%, 07/01/19		8,500,000		8,443,220
Total Municipals (Cost $11,012,922)				10,933,282

BHFTI-75

Brighthouse Funds Trust I

Brighthouse Balanced Plus Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Short-Term Investments—1.9%

Security Description	Principal Amount*		Value
Repurchase Agreements—1.9%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $2,653,245; collateralized by U.S. Treasury Note at 2.125%, maturing 07/31/24, with a market value of $2,709,397.		2,653,024	$	2,653,024
JPMorgan Securities LLC Repurchase Agreement dated 09/28/18 at 2.290%, due on 10/02/18 with a maturity value of $86,722,060; collateralized by U.S. Treasury Note at 2.125%, maturing 07/31/24, with a market value of $88,385,904.		86,700,000		86,700,000
Repurchase Agreement dated 09/28/18 at 2.340%, due on 10/01/18 with a maturity value of $142,627,807; collateralized by U.S. Treasury Note at 2.125%, maturing 07/31/24, with a market value of $145,491,003.		142,600,000		142,600,000
Total Short-Term Investments (Cost $231,953,024)				231,953,024
Total Investments—104.2% (Cost $12,689,088,629)				12,613,721,592
Other assets and liabilities (net) — (4.2)%				(507,313,867	)
Net Assets—100.0%			$	12,106,407,725

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	A Portfolio of Brighthouse Funds Trust II.
(b)	A Portfolio of Brighthouse Funds Trust I.
(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 TBA securities. As of September 30, 2018, the value of securities pledged amounted to $525,746.
(f)	All or a portion of this security has been transferred in a secured-borrowing transaction.
(g)	All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2018, the market value of securities pledged was $209,696,666.
(h)	Principal amount of security is adjusted for inflation.
(i)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. 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, 2018, the market value of 144A securities was $44,505,263, which is 0.4% of net assets.

Forward Foreign Currency Exchange Contracts

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation
JPY	20,900,000	GSBU		10/02/18		USD	188,458	$	4,511

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
S&P 500 Index E-Mini Futures		12/21/18		33,999			USD	4,962,154,050		$	29,791,054
U.S. Treasury Note 5 Year Futures		12/31/18		3,302			USD	371,397,611			(3,133,016	)
Futures Contracts—Short
U.S. Treasury Note 10 Year Futures		12/19/18		(1,314	)		USD	(156,078,563	)		(494,826	)
Net Unrealized Appreciation										$	26,163,212

Glossary of Abbreviations

Counterparties

(GSBU)— Goldman Sachs Bank USA

Currencies

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

Index Abbreviations

(LIBOR)— London Interbank Offered Rate

Other Abbreviations

(CMO)— Collateralized Mortgage Obligation

BHFTI-76

Brighthouse Funds Trust I

Brighthouse Balanced Plus Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1			Level 2		Level 3		Total
Total Mutual Funds*	$	8,386,829,961		$	—	$	—	$	8,386,829,961
Total U.S. Treasury & Government Agencies*		—			3,805,221,636		—		3,805,221,636
Total Corporate Bonds & Notes*		—			158,852,705		—		158,852,705
Total Mortgage-Backed Securities*		—			19,930,984		—		19,930,984
Total Municipals		—			10,933,282		—		10,933,282
Total Short-Term Investments*		—			231,953,024		—		231,953,024
Total Investments	$	8,386,829,961		$	4,226,891,631	$	—	$	12,613,721,592
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	4,511	$	—	$	4,511
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	29,791,054		$	—	$	—	$	29,791,054
Futures Contracts (Unrealized Depreciation)		(3,627,842	)		—		—		(3,627,842	)
Total Futures Contracts	$	26,163,212		$	—	$	—	$	26,163,212

* See Schedule of Investments for additional detailed categorizations.

BHFTI-77

Brighthouse Funds Trust I

Brighthouse Small Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—98.0% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—0.3%
KLX, Inc. (a)		53,200	$	3,339,896
Auto Components—0.6%
Delphi Technologies plc		54,452		1,707,615
Standard Motor Products, Inc.		34,500		1,698,090
Tenneco, Inc.		70,800		2,983,512
				6,389,217
Banks—16.4%
Associated Banc-Corp.		280,568		7,294,768
Bank of Hawaii Corp.		46,500		3,669,315
Bank of NT Butterfield & Son, Ltd. (The)		28,700		1,488,382
Boston Private Financial Holdings, Inc.		242,000		3,303,300
Community Bank System, Inc. (b)		84,700		5,172,629
East West Bancorp, Inc.		219,800		13,269,326
First Citizens BancShares, Inc. - Class A		30,394		13,746,599
First Financial Bancorp		206,100		6,121,170
First Hawaiian, Inc. (b)		274,976		7,468,348
First Interstate BancSystem, Inc. - Class A		108,800		4,874,240
First Midwest Bancorp, Inc.		205,900		5,474,881
FNB Corp.		394,600		5,019,312
Fulton Financial Corp. (b)		107,977		1,797,817
Great Western Bancorp, Inc.		168,200		7,096,358
Hancock Holding Co. (b)		330,102		15,696,350
Iberiabank Corp.		73,017		5,939,933
NBT Bancorp, Inc.		109,400		4,198,772
Prosperity Bancshares, Inc. (b)		74,000		5,131,900
Renasant Corp. (b)		192,494		7,932,678
S&T Bancorp, Inc.		80,000		3,468,800
South State Corp. (b)		69,989		5,739,098
UMB Financial Corp. (b)		156,017		11,061,605
Umpqua Holdings Corp.		286,200		5,952,960
Valley National Bancorp (b)		446,500		5,023,125
Webster Financial Corp.		154,400		9,103,424
WesBanco, Inc.		103,700		4,622,946
				169,668,036
Beverages—0.5%
Cott Corp.		305,477		4,933,454
Building Products—2.9%
CSW Industrials, Inc. (a)		149,923		8,050,865
Griffon Corp.		106,893		1,726,322
Quanex Building Products Corp.		216,827		3,946,251
Simpson Manufacturing Co., Inc. (b)		128,690		9,324,878
USG Corp. (a)		150,600		6,522,486
				29,570,802
Capital Markets—2.8%
Apollo Investment Corp.		547,438		2,978,063
Artisan Partners Asset Management, Inc. - Class A (b)		189,146		6,128,330
Legg Mason, Inc.		91,400		2,854,422
Main Street Capital Corp. (b)		70,100		2,698,850
New Mountain Finance Corp. (b)		239,662		3,235,437
Stifel Financial Corp.		114,100		5,848,766

Security Description	Shares		Value
Capital Markets—(Continued)
Westwood Holdings Group, Inc.		100,393	$	5,194,334
				28,938,202
Chemicals—6.7%
A. Schulman, Inc.		127,232		243,013
GCP Applied Technologies, Inc. (a) (b)		45,087		1,197,060
HB Fuller Co.		123,900		6,401,913
Innophos Holdings, Inc.		33,577		1,490,819
Innospec, Inc.		153,406		11,773,911
KMG Chemicals, Inc.		137,011		10,352,551
Minerals Technologies, Inc.		33,289		2,250,336
Olin Corp.		290,900		7,470,312
PolyOne Corp.		72,631		3,175,427
PQ Group Holdings, Inc. (a)		124,895		2,181,916
Quaker Chemical Corp. (b)		18,694		3,780,114
Scotts Miracle-Gro Co. (The)		36,300		2,857,899
Sensient Technologies Corp. (b)		91,891		7,030,580
Trinseo S.A.		106,200		8,315,460
Venator Materials plc (a)		143,900		1,295,100
				69,816,411
Commercial Services & Supplies—3.7%
ABM Industries, Inc. (b)		7,451		240,295
ACCO Brands Corp.		349,540		3,949,802
Brady Corp. - Class A		136,446		5,969,512
Deluxe Corp. (b)		161,410		9,190,685
Ennis, Inc.		315,837		6,458,867
Knoll, Inc.		144,252		3,382,709
LSC Communications, Inc.		61,394		679,018
UniFirst Corp.		20,900		3,629,285
Viad Corp.		88,744		5,258,082
				38,758,255
Communications Equipment—1.4%
CommScope Holding Co., Inc. (a)		165,690		5,096,624
NETGEAR, Inc. (a) (b)		78,866		4,956,728
NetScout Systems, Inc. (a)		94,390		2,383,348
Viavi Solutions, Inc. (a)		220,100		2,495,934
				14,932,634
Construction & Engineering—1.3%
MasTec, Inc. (a) (b)		221,075		9,870,999
Primoris Services Corp.		139,200		3,454,944
				13,325,943
Construction Materials—0.9%
Eagle Materials, Inc.		112,804		9,615,413
Containers & Packaging—1.6%
Berry Global Group, Inc. (a)		172,903		8,366,776
Silgan Holdings, Inc. (b)		304,153		8,455,454
				16,822,230

BHFTI-78

Brighthouse Funds Trust I

Brighthouse Small Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Distributors—0.3%
Core-Mark Holding Co., Inc. (b)		76,899	$	2,611,490
Diversified Consumer Services—0.5%
Liberty Tax, Inc. (b)		70,299		818,983
Service Corp. International (b)		86,200		3,810,040
				4,629,023
Diversified Telecommunication Services—0.1%
Consolidated Communications Holdings, Inc. (b)		109,575		1,428,858
Electric Utilities—2.2%
ALLETE, Inc.		47,900		3,592,979
El Paso Electric Co.		72,600		4,152,720
Hawaiian Electric Industries, Inc. (b)		256,167		9,116,983
IDACORP, Inc. (b)		62,273		6,179,350
				23,042,032
Electrical Equipment—1.7%
Atkore International Group, Inc. (a)		404,411		10,729,024
EnerSys		80,893		7,048,207
				17,777,231
Electronic Equipment, Instruments & Components—4.1%
AVX Corp.		198,172		3,577,005
Badger Meter, Inc. (b)		62,777		3,324,042
Belden, Inc. (b)		117,614		8,398,816
Coherent, Inc. (a) (b)		27,621		4,756,060
Novanta, Inc. (a)		67,427		4,612,006
Orbotech, Ltd. (a)		89,230		5,303,831
Tech Data Corp. (a)		64,076		4,585,919
TTM Technologies, Inc. (a) (b)		178,476		2,839,553
Vishay Intertechnology, Inc.		266,100		5,415,135
				42,812,367
Energy Equipment & Services—3.0%
C&J Energy Services, Inc. (a) (b)		109,482		2,277,226
Dril-Quip, Inc. (a) (b)		54,000		2,821,500
Forum Energy Technologies, Inc. (a) (b)		102,818		1,064,166
Helix Energy Solutions Group, Inc. (a)		338,900		3,348,332
KLX Energy Services Holdings, Inc. (a)		21,280		681,173
Oil States International, Inc. (a) (b)		107,889		3,581,915
Patterson-UTI Energy, Inc. (b)		571,273		9,774,481
Rowan Cos. plc - Class A (a) (b)		258,500		4,867,555
TETRA Technologies, Inc. (a)		520,553		2,347,694
				30,764,042
Entertainment—0.4%
Cinemark Holdings, Inc. (b)		105,600		4,245,120
Equity Real Estate Investment Trusts—5.0%
Acadia Realty Trust (b)		119,764		3,356,985
Brandywine Realty Trust		329,100		5,173,452
Healthcare Realty Trust, Inc.		127,300		3,724,798
Highwoods Properties, Inc.		105,400		4,981,204
LaSalle Hotel Properties		169,307		5,856,329
Lexington Realty Trust		413,100		3,428,730

Security Description	Shares		Value
Equity Real Estate Investment Trusts—(Continued)
Life Storage, Inc.		40,700	$	3,873,012
Outfront Media, Inc.		263,200		5,250,840
Ramco-Gershenson Properties Trust		224,900		3,058,640
Summit Hotel Properties, Inc.		266,200		3,601,686
Washington Real Estate Investment Trust		311,519		9,548,057
				51,853,733
Food Products—2.4%
Hostess Brands, Inc. (a) (b)		258,139		2,857,599
J&J Snack Foods Corp. (b)		46,957		7,085,342
Nomad Foods, Ltd. (a)		438,212		8,878,175
Pinnacle Foods, Inc.		27,000		1,749,870
TreeHouse Foods, Inc. (a) (b)		79,007		3,780,485
				24,351,471
Gas Utilities—0.5%
Southwest Gas Holdings, Inc.		69,300		5,476,779
Health Care Equipment & Supplies—1.2%
Avanos Medical, Inc. (a)		68,500		4,692,250
STERIS plc		54,600		6,246,240
Varex Imaging Corp. (a) (b)		32,605		934,459
				11,872,949
Health Care Providers & Services—0.2%
Hanger, Inc. (a)		113,367		2,361,435
Hotels, Restaurants & Leisure—4.4%
Cheesecake Factory, Inc. (The) (b)		66,100		3,538,994
Choice Hotels International, Inc. (b)		66,000		5,497,800
Denny’s Corp. (a)		561,507		8,265,383
Dine Brands Global, Inc.		142,829		11,613,426
International Speedway Corp. - Class A		82,200		3,600,360
Sonic Corp.		94,300		4,086,962
Texas Roadhouse, Inc. (b)		36,200		2,508,298
Wendy’s Co. (The) (b)		357,323		6,124,516
				45,235,739
Household Durables—1.4%
Dixie Group, Inc. (The) (a)		158,314		253,303
Helen of Troy, Ltd. (a)		57,199		7,487,349
Meritage Homes Corp. (a)		135,600		5,410,440
Skyline Champion Corp.		56,453		1,612,862
				14,763,954
Household Products—1.7%
Central Garden and Pet Co. (a) (b)		143,848		5,184,282
Central Garden and Pet Co. - Class A (a)		103,729		3,437,579
Spectrum Brands Holdings, Inc.		120,367		8,993,822
				17,615,683
Insurance—3.9%
American Equity Investment Life Holding Co.		195,400		6,909,344
Aspen Insurance Holdings, Ltd. (b)		112,677		4,709,898
Hanover Insurance Group, Inc. (The)		57,600		7,106,112

BHFTI-79

Brighthouse Funds Trust I

Brighthouse Small Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Insurance—(Continued)
ProAssurance Corp. (b)		131,404	$	6,169,418
Selective Insurance Group, Inc.		148,000		9,398,000
Stewart Information Services Corp.		138,883		6,251,124
				40,543,896
IT Services—1.1%
Conduent, Inc. (a) (b)		171,907		3,871,346
MAXIMUS, Inc.		33,141		2,156,153
Sykes Enterprises, Inc. (a) (b)		162,035		4,940,447
				10,967,946
Life Sciences Tools & Services—0.1%
Cambrex Corp. (a) (b)		12,741		871,484
Machinery—7.3%
Altra Industrial Motion Corp. (b)		89,900		3,712,870
Barnes Group, Inc.		74,800		5,313,044
Douglas Dynamics, Inc.		144,305		6,334,990
EnPro Industries, Inc.		43,200		3,150,576
Franklin Electric Co., Inc.		197,541		9,333,812
Global Brass & Copper Holdings, Inc.		171,448		6,326,431
Hillenbrand, Inc.		125,874		6,583,210
ITT, Inc.		180,500		11,057,430
Kadant, Inc.		59,054		6,368,974
Mueller Industries, Inc.		393,081		11,391,488
NN, Inc. (b)		190,277		2,968,321
Rexnord Corp. (a)		83,500		2,571,800
				75,112,946
Marine—0.2%
Kirby Corp. (a) (b)		28,500		2,344,125
Media—1.5%
AH Belo Corp. - Class A		433,328		1,993,309
Cable One, Inc.		5,400		4,771,494
Gannett Co., Inc.		243,062		2,433,050
Meredith Corp. (b)		63,500		3,241,675
New Media Investment Group, Inc. (b)		198,058		3,107,530
				15,547,058
Metals & Mining—0.5%
Compass Minerals International, Inc. (b)		72,076		4,843,507
Mortgage Real Estate Investment Trusts—0.4%
Apollo Commercial Real Estate Finance, Inc. (b)		201,717		3,806,400
Multi-Utilities—0.4%
Black Hills Corp. (b)		77,600		4,507,784
Oil, Gas & Consumable Fuels—3.1%
Berry Petroleum Corp.		82,790		1,458,760
Callon Petroleum Co. (a) (b)		93,224		1,117,756
Delek U.S. Holdings, Inc. (b)		110,100		4,671,543
Oasis Petroleum, Inc. (a) (b)		352,100		4,992,778
Penn Virginia Corp. (a)		32,420		2,611,107
QEP Resources, Inc. (a) (b)		453,001		5,127,971

Security Description	Shares		Value
Oil, Gas & Consumable Fuels—(Continued)
SM Energy Co.		223,000	$	7,031,190
Whiting Petroleum Corp. (a)		50,699		2,689,075
WPX Energy, Inc. (a) (b)		119,953		2,413,454
				32,113,634
Paper & Forest Products—1.9%
Louisiana-Pacific Corp.		84,200		2,230,458
Neenah, Inc. (b)		142,183		12,270,393
Schweitzer-Mauduit International, Inc.		146,458		5,610,806
				20,111,657
Pharmaceuticals—1.1%
Catalent, Inc. (a)		87,800		3,999,290
Innoviva, Inc. (a) (b)		137,615		2,097,252
Prestige Brands Holdings, Inc. (a) (b)		126,019		4,774,860
				10,871,402
Professional Services—0.3%
Korn/Ferry International		54,245		2,671,024
Road & Rail—0.7%
Saia, Inc. (a)		36,900		2,821,005
Werner Enterprises, Inc. (b)		132,700		4,690,945
				7,511,950
Semiconductors & Semiconductor Equipment—2.3%
Brooks Automation, Inc. (b)		28,336		992,610
Cabot Microelectronics Corp. (b)		28,229		2,912,386
Cirrus Logic, Inc. (a)		58,400		2,254,240
DSP Group, Inc. (a)		154,085		1,833,611
MaxLinear, Inc. (a) (b)		121,800		2,421,384
ON Semiconductor Corp. (a)		237,800		4,382,654
Teradyne, Inc.		151,500		5,602,470
Tower Semiconductor, Ltd. (U.S. Listed Shares) (a) (b)		173,500		3,775,360
				24,174,715
Software—1.1%
Cision, Ltd. (a)		85,472		1,435,930
PTC, Inc. (a)		10,100		1,072,519
Synopsys, Inc. (a)		91,600		9,032,676
				11,541,125
Specialty Retail—0.8%
Asbury Automotive Group, Inc. (a) (b)		31,400		2,158,750
Buckle, Inc. (The) (b)		98,291		2,265,607
Caleres, Inc.		101,500		3,639,790
Christopher & Banks Corp. (a) (b)		385,104		292,718
				8,356,865
Technology Hardware, Storage & Peripherals—0.9%
GlassBridge Enterprises, Inc. (a) (c)		114,401		65,209
NCR Corp. (a) (b)		214,411		6,091,416
Super Micro Computer, Inc. (a) (b)		157,000		3,235,770
				9,392,395

BHFTI-80

Brighthouse Funds Trust I

Brighthouse Small Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares/ Principal Amount*		Value
Textiles, Apparel & Luxury Goods—1.3%
Delta Apparel, Inc. (a) (b)		127,527	$	2,268,705
Steven Madden, Ltd.		140,874		7,452,235
Wolverine World Wide, Inc.		91,100		3,557,455
				13,278,395
Thrifts & Mortgage Finance—0.1%
Flagstar Bancorp, Inc. (a)		36,392		1,145,256
Trading Companies & Distributors—0.8%
Aircastle, Ltd.		87,969		1,927,401
H&E Equipment Services, Inc.		108,800		4,110,464
WESCO International, Inc. (a)		39,900		2,451,855
				8,489,720
Total Common Stocks (Cost $849,006,080)				1,015,155,683
Preferred Stock—0.2%
Industrial Conglomerates—0.2%
Steel Partners Holdings L.P., 6.000%, 02/07/26 (Cost $2,690,963)		107,073		2,446,618
Short-Term Investment—1.7%
Repurchase Agreement—1.7%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $17,584,251; collateralized by U.S. Treasury Notes at 2.125%, maturing 02/29/24, with a market value of $17,938,817.		17,582,786		17,582,786
Total Short-Term Investments (Cost $17,582,786)				17,582,786
Securities Lending Reinvestments (d)—15.4%
Certificates of Deposit—8.9%
Banco Del Estado De Chile New York 2.398%, 1M LIBOR + 0.240%, 01/17/19 (e)		4,000,000		4,001,008
2.419%, 3M LIBOR + 0.100%, 11/14/18 (e)		1,500,000		1,499,975
Banco Santander S.A. 2.340%, 11/07/18		4,000,000		4,000,328
Bank of Nova Scotia 2.618%, 3M LIBOR + 0.280%, 03/20/19 (e)		4,000,000		4,003,816
Barclays Bank plc 2.304%, 1M LIBOR + 0.200%, 02/04/19 (e)		5,000,000		4,998,985
2.500%, 02/01/19		1,000,000		999,986
Canadian Imperial Bank of Commerce 2.459%, 3M LIBOR + 0.120%, 01/14/19 (e)		2,000,000		2,000,594
Commonwealth Bank of Australia 2.358%, 1M LIBOR + 0.210%, 09/13/19 (e)		2,500,000		2,500,000
2.487%, 3M LIBOR + 0.140%, 04/23/19 (e)		1,500,000		1,500,537

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Cooperative Rabobank UA 2.479%, 3M LIBOR + 0.140%, 10/16/18 (e)		3,250,000	$	3,250,243
Credit Industriel et Commercial Zero Coupon, 01/25/19		1,974,456		1,984,060
Credit Industriel et Commercial (NY) 2.364%, 1M LIBOR + 0.250%, 02/05/19 (e)		3,000,000		3,001,419
Industrial & Commercial Bank of China, Ltd. 2.500%, 10/24/18		2,000,000		2,000,026
2.500%, 11/15/18		2,500,000		2,499,940
KBC Bank NV 2.400%, 12/27/18		3,000,000		3,000,000
Landesbank Baden-Wuettertemberg 2.180%, 10/02/18		2,000,000		2,000,004
Mitsubishi UFJ Trust and Banking Corp. Zero Coupon, 01/15/19		1,984,975		1,985,388
Mizuho Bank, Ltd. 2.571%, 1M LIBOR + 0.440%, 10/11/18 (e)		1,500,000		1,500,038
Mizuho Bank, Ltd., New York 2.468%, 1M LIBOR + 0.250%, 11/26/18 (e)		5,000,000		4,999,835
Natixis S.A. New York 2.431%, 3M LIBOR + 0.090%, 05/10/19 (e)		4,000,000		3,999,684
2.533%, 3M LIBOR + 0.190%, 02/01/19 (e)		1,500,000		1,500,121
Royal Bank of Canada New York 2.378%, 1M LIBOR + 0.210%, 09/17/19 (e)		4,000,000		3,999,780
2.381%, 1M LIBOR + 0.250%, 01/11/19 (e)		2,500,000		2,500,825
Standard Chartered plc 2.396%, 1M LIBOR + 0.180%, 02/25/19 (e)		4,000,000		3,999,532
Sumitomo Mitsui Banking Corp. 2.321%, 1M LIBOR + 0.190%, 04/11/19 (e)		4,000,000		3,999,812
Sumitomo Mitsui Banking Corp., New York 2.290%, 1M LIBOR + 0.180%, 03/05/19 (e)		3,000,000		2,999,649
Sumitomo Mitsui Trust Bank, Ltd. 2.290%, 1M LIBOR + 0.170%, 12/06/18 (e)		2,000,000		2,000,104
2.502%, 1M LIBOR + 0.320%, 11/21/18 (e)		2,500,000		2,500,000
Svenska Handelsbanken AB 2.439%, 3M LIBOR + 0.100%, 04/30/19 (e)		4,000,000		4,000,476
Toronto-Dominion Bank 2.378%, 1M LIBOR + 0.210%, 09/17/19 (e)		5,000,000		5,000,000
Westpac Banking Corp. 2.630%, FEDEFF PRV + 0.450%, 02/15/19 (e)		3,500,000		3,501,859
				91,728,024
Commercial Paper—2.1%
Bank of China, Ltd. 2.510%, 11/02/18		3,974,621		3,991,200
2.550%, 10/19/18		2,484,594		2,496,790
ING Funding LLC 2.448%, 3M LIBOR + 0.110%, 05/10/19 (e)		3,000,000		3,000,309
2.453%, 1M LIBOR + 0.320%, 02/08/19 (e)		2,000,000		2,001,022
Sheffield Receivables Co. 2.490%, 11/26/18		986,928		996,159
2.510%, SOFR + 0.350%, 11/28/18 (e)		1,000,000		1,000,274
Sinopec Century Bright Capital Investment, Ltd. 2.400%, 11/01/18		1,988,000		1,995,668

BHFTI-81

Brighthouse Funds Trust I

Brighthouse Small Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (d)—(Continued)

Security Description	Principal Amount*		Value
Commercial Paper—(Continued)
UBS AG 2.534%, 1M LIBOR + 0.430%, 02/01/19 (e)		5,000,000	$	5,004,615
Westpac Banking Corp. 2.408%, 3M LIBOR + 0.070%, 08/07/19 (e)		1,000,000		1,000,000
				21,486,037
Repurchase Agreements—3.5%
Citigroup Global Markets, Inc. Repurchase Agreement dated 05/03/18 at 2.440%, due on 10/05/18 with a maturity value of $2,021,011; collateralized by U.S. Treasury Obligations with rates ranging from 1.625% - 2.250%, maturity dates ranging from 11/30/19 - 11/15/27, and various Common Stock with an aggregate market value of $2,108,572.		2,000,000		2,000,000
Repurchase Agreement dated 07/25/18 at 2.570%, due on 11/02/18 with a maturity value of $2,014,278; collateralized by various Common Stock with an aggregate market value of $2,200,000.		2,000,000		2,000,000
Repurchase Agreement dated 01/25/17 at 2.720%, due on 12/31/18 with a maturity value of $526,633; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 2.220%, maturity dates ranging from 11/01/18 - 04/30/20, and an aggregate market value of $510,000.		500,000		500,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $67,353; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/25/18 - 02/15/43, and an aggregate market value of $68,688.		67,341		67,341
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $500,093; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.625% - 2.875%, maturity dates ranging from 01/15/19 - 02/15/43, and an aggregate market value of $510,000.		500,000		500,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $300,056; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 1.750% - 2.875%, maturity dates ranging from 10/15/20 - 05/15/27, and an aggregate market value of $306,000.		300,000		300,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $500,093; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.375% - 3.125%, maturity dates ranging from 12/17/18 - 02/15/43, and an aggregate market value of $510,000.		500,000		500,000
Deutsche Bank AG, London Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $305,653; collateralized by various Common Stock with an aggregate market value of $333,997.		300,000		300,000
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $301,190; collateralized by various Common Stock with an aggregate market value of $333,374.		300,000		300,000

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 10/26/16 at 2.720%, due on 12/31/18 with a maturity value of $2,120,284; collateralized by various Common Stock with an aggregate market value of $2,200,000.		2,000,000	$	2,000,000
Repurchase Agreement dated 08/01/17 at 2.720%, due on 12/31/18 with a maturity value of $3,636,718; collateralized by various Common Stock with an aggregate market value of $3,850,000.		3,500,000		3,500,000
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $4,001,921; collateralized by various Common Stock with an aggregate market value of $4,400,857.		4,000,000		4,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $506,468; collateralized by various Common Stock with an aggregate market value of $556,328.		500,000		500,000
Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $509,913; collateralized by various Common Stock with an aggregate market value of $556,328.		500,000		500,000
Repurchase Agreement dated 07/18/18 at 2.370%, due on 10/05/18 with a maturity value of $3,015,603; collateralized by various Common Stock with an aggregate market value of $3,338,232.		3,000,000		3,000,000
Repurchase Agreement dated 07/19/18 at 2.370%, due on 10/05/18 with a maturity value of $3,517,973; collateralized by various Common Stock with an aggregate market value of $3,894,604.		3,500,000		3,500,000
Societe Generale Repurchase Agreement dated 03/16/18 at 2.310%, due on 10/01/18 with a maturity value of $810,215; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $888,519.		800,000		800,000
Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $809,959; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $888,519.		800,000		800,000
Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $809,599; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $888,519.		800,000		800,000
Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $607,970; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $666,389.		600,000		600,000

BHFTI-82

Brighthouse Funds Trust I

Brighthouse Small Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (d)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Societe Generale Repurchase Agreement dated 07/10/18 at 2.340%, due on 10/05/18 with a maturity value of $2,815,834; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $3,109,816.		2,800,000	$	2,800,000
Repurchase Agreement dated 04/18/18 at 2.340%, due on 10/05/18 with a maturity value of $3,538,675; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $3,887,269.		3,500,000		3,500,000
Repurchase Agreement dated 05/10/18 at 2.340%, due on 10/05/18 with a maturity value of $4,038,480; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $4,442,594.		4,000,000		4,000,000
				36,767,341
Time Deposits—0.9%
Canadian Imperial Bank of Commerce 2.130%, 10/01/18		2,000,000		2,000,000
Cooperative Rabobank UA New York 2.150%, 10/01/18		2,000,000		2,000,000
DZ Bank AG 2.150%, 10/01/18		1,000,000		1,000,000
Erste Group Bank AG 2.170%, 10/01/18		2,000,000		2,000,000
Nordea Bank New York 2.140%, 10/01/18		1,000,000		1,000,000
Time Deposits—(Continued)
Svenska Handelsbanken AB 2.140%, 10/01/18		1,000,000		1,000,000
				9,000,000
Total Securities Lending Reinvestments (Cost $158,966,420)				158,981,402
Total Investments—115.3% (Cost $1,028,246,249)				1,194,166,489
Other assets and liabilities (net)—(15.3)%				(158,705,953	)
Net Assets—100.0%			$	1,035,460,536

*	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, 2018, the market value of securities loaned was $155,384,642 and the collateral received consisted of cash in the amount of $158,910,914. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(c)	Illiquid security. As of September 30, 2018, these securities represent 0.0% of net assets.
(d)	Represents investment of cash collateral received from securities on loan as of September 30, 2018.
(e)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. 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.
(FEDEFF PRV)—	Effective Federal Funds Rate
(LIBOR)—	London Interbank Offered Rate
(SOFR)—	Secured Overnight Financing Rate

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

BHFTI-83

Brighthouse Funds Trust I

Brighthouse Small Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy—(Continued)

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2			Level 3		Total
Common Stocks
Aerospace & Defense	$	3,339,896	$	—		$	—	$	3,339,896
Auto Components		6,389,217		—			—		6,389,217
Banks		169,668,036		—			—		169,668,036
Beverages		4,933,454		—			—		4,933,454
Building Products		29,570,802		—			—		29,570,802
Capital Markets		28,938,202		—			—		28,938,202
Chemicals		69,573,398		243,013			—		69,816,411
Commercial Services & Supplies		38,758,255		—			—		38,758,255
Communications Equipment		14,932,634		—			—		14,932,634
Construction & Engineering		13,325,943		—			—		13,325,943
Construction Materials		9,615,413		—			—		9,615,413
Containers & Packaging		16,822,230		—			—		16,822,230
Distributors		2,611,490		—			—		2,611,490
Diversified Consumer Services		4,629,023		—			—		4,629,023
Diversified Telecommunication Services		1,428,858		—			—		1,428,858
Electric Utilities		23,042,032		—			—		23,042,032
Electrical Equipment		17,777,231		—			—		17,777,231
Electronic Equipment, Instruments & Components		42,812,367		—			—		42,812,367
Energy Equipment & Services		30,764,042		—			—		30,764,042
Entertainment		4,245,120		—			—		4,245,120
Equity Real Estate Investment Trusts		51,853,733		—			—		51,853,733
Food Products		24,351,471		—			—		24,351,471
Gas Utilities		5,476,779		—			—		5,476,779
Health Care Equipment & Supplies		11,872,949		—			—		11,872,949
Health Care Providers & Services		2,361,435		—			—		2,361,435
Hotels, Restaurants & Leisure		45,235,739		—			—		45,235,739
Household Durables		14,763,954		—			—		14,763,954
Household Products		17,615,683		—			—		17,615,683
Insurance		40,543,896		—			—		40,543,896
IT Services		10,967,946		—			—		10,967,946
Life Sciences Tools & Services		871,484		—			—		871,484
Machinery		75,112,946		—			—		75,112,946
Marine		2,344,125		—			—		2,344,125
Media		15,547,058		—			—		15,547,058
Metals & Mining		4,843,507		—			—		4,843,507
Mortgage Real Estate Investment Trusts		3,806,400		—			—		3,806,400
Multi-Utilities		4,507,784		—			—		4,507,784
Oil, Gas & Consumable Fuels		30,654,874		1,458,760			—		32,113,634
Paper & Forest Products		20,111,657		—			—		20,111,657
Pharmaceuticals		10,871,402		—			—		10,871,402
Professional Services		2,671,024		—			—		2,671,024
Road & Rail		7,511,950		—			—		7,511,950
Semiconductors & Semiconductor Equipment		24,174,715		—			—		24,174,715
Software		11,541,125		—			—		11,541,125
Specialty Retail		8,356,865		—			—		8,356,865
Technology Hardware, Storage & Peripherals		9,392,395		—			—		9,392,395
Textiles, Apparel & Luxury Goods		13,278,395		—			—		13,278,395
Thrifts & Mortgage Finance		1,145,256		—			—		1,145,256
Trading Companies & Distributors		8,489,720		—			—		8,489,720
Total Common Stocks		1,013,453,910		1,701,773			—		1,015,155,683
Total Preferred Stock*		2,446,618		—			—		2,446,618
Total Short-Term Investment*		—		17,582,786			—		17,582,786
Total Securities Lending Reinvestments*		—		158,981,402			—		158,981,402
Total Investments	$	1,015,900,528	$	178,265,961		$	—	$	1,194,166,489
Collateral for Securities Loaned (Liability)	$	—	$	(158,910,914	)	$	—	$	(158,910,914	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-84

Brighthouse Funds Trust I

Brighthouse/Aberdeen Emerging Markets Equity Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—97.3% of Net Assets

Security Description	Shares		Value
Brazil—10.1%
Ambev S.A.		4,050,100	$	18,392,451
Banco Bradesco S.A. (ADR) (a)		4,646,499		32,897,213
BRF S.A. (b)		1,464,068		7,964,634
Lojas Renner S.A.		2,036,250		15,630,301
Multiplan Empreendimentos Imobiliarios S.A.		2,540,711		11,770,735
Ultrapar Participacoes S.A.		1,200,850		11,099,957
Vale S.A. (ADR)		2,409,000		35,749,560
				133,504,851
Chile—1.9%
Banco Santander Chile (ADR)		421,600		13,482,768
SACI Falabella		1,425,200		11,590,995
				25,073,763
China—24.6%
58.com, Inc. (ADR) (a) (b)		176,012		12,954,483
Autohome, Inc. (ADR) (a)		163,663		12,669,153
China International Travel Service Corp., Ltd. - Class A		1,757,390		17,384,230
China Mobile, Ltd.		2,220,500		21,792,602
China Resources Land, Ltd.		6,228,000		21,811,587
Hangzhou Hikvision Digital Technology Co., Ltd. - Class A		3,301,785		13,749,337
Huazhu Group, Ltd. (ADR) (a)		410,038		13,244,227
Kweichow Moutai Co., Ltd. - Class A		281,486		29,885,991
Midea Group Co., Ltd. - Class A (c) (d)		2,368,799		13,874,168
Ping An Insurance Group Co. of China, Ltd. - Class H		3,561,000		36,187,525
Shanghai International Airport Co., Ltd. - Class A		2,602,722		22,223,592
Sunny Optical Technology Group Co., Ltd.		531,000		6,129,898
Tencent Holdings, Ltd.		1,901,100		78,557,657
Wuxi Biologics Cayman, Inc. (b)		623,500		6,244,447
Yum China Holdings, Inc.		542,003		19,029,725
				325,738,622
Hong Kong—5.3%
AIA Group, Ltd.		3,938,200		35,186,745
Hang Lung Group, Ltd. (e)		4,931,000		13,105,735
Hang Lung Properties, Ltd.		1,819,000		3,556,198
Hong Kong Exchanges and Clearing, Ltd.		622,594		17,690,934
				69,539,612
Hungary—0.5%
Richter Gedeon Nyrt		339,300		6,349,370
India—13.3%
Hero MotoCorp, Ltd.		298,700		11,986,816
Hindustan Unilever, Ltd.		820,477		18,175,019
Housing Development Finance Corp., Ltd.		1,706,821		41,193,480
ITC, Ltd.		6,143,917		25,336,565
Kotak Mahindra Bank, Ltd.		1,014,309		15,899,291
Tata Consultancy Services, Ltd.		900,536		27,111,297
UltraTech Cement, Ltd.		647,063		36,326,129
				176,028,597
Indonesia—5.0%
Astra International Tbk PT		56,967,300		28,083,542
Bank Central Asia Tbk PT		15,137,400		24,514,940

Security Description	Shares		Value
Indonesia—(Continued)
Indocement Tunggal Prakarsa Tbk PT (e)		11,316,700	$	14,036,161
				66,634,643
Malaysia—1.4%
Public Bank Bhd		3,025,400		18,272,455
Mexico—5.8%
Fomento Economico Mexicano S.A.B. de C.V. (ADR)		277,777		27,491,590
Grupo Aeroportuario del Sureste S.A.B. de C.V. - Class B		1,059,000		21,639,500
Grupo Financiero Banorte S.A.B. de C.V. - Class O		3,852,832		27,871,988
				77,003,078
Philippines—3.4%
Ayala Corp.		138,120		2,373,975
Ayala Land, Inc. (e)		35,235,000		26,124,592
Bank of the Philippine Islands (e)		10,896,042		16,802,449
				45,301,016
Poland—0.8%
Bank Pekao S.A.		380,100		10,945,509
Russia—3.1%
Lukoil PJSC (ADR) (London Traded Shares)		253,122		19,387,762
Lukoil PJSC (ADR)		145,171		11,096,871
Magnit PJSC		189,700		11,077,269
				41,561,902
South Africa—3.4%
Massmart Holdings, Ltd.		1,221,435		8,924,219
MTN Group, Ltd.		1,848,900		11,443,619
Naspers, Ltd. - N Shares		53,600		11,536,012
Truworths International, Ltd.		2,314,099		13,641,965
				45,545,815
South Korea—9.2%
AmorePacific Group		69,062		5,806,362
LG Chem, Ltd.		49,301		16,247,698
NAVER Corp.		32,193		20,740,182
Samsung Electronics Co., Ltd.		2,313,050		78,883,472
				121,677,714
Taiwan—5.3%
Taiwan Semiconductor Manufacturing Co., Ltd.		8,252,000		70,459,291
Thailand—2.8%
Siam Cement PCL (The)		1,917,650		26,446,256
Siam Commercial Bank PCL (The)		2,215,200		10,206,085
				36,652,341
Turkey—0.9%
BIM Birlesik Magazalar A/S		896,200		12,077,856

BHFTI-85

Brighthouse Funds Trust I

Brighthouse/Aberdeen Emerging Markets Equity Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares/ Principal Amount*		Value
United Kingdom—0.5%
Standard Chartered plc		772,894	$	6,400,787
Total Common Stocks (Cost $1,151,027,808)				1,288,767,222
Preferred Stock—0.3%
South Korea—0.3%
AmorePacific Corp. (e) (Cost $6,305,279)		36,665		4,545,234
Short-Term Investment—2.2%
Repurchase Agreement—2.2%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $28,764,034; collateralized by U.S. Treasury Notes at 2.250% maturity dates ranging from 10/31/24 - 11/15/24, and an aggregate market value of $29,340,368.		28,761,637		28,761,637
Total Short-Term Investments (Cost $28,761,637)				28,761,637
Securities Lending Reinvestments (f)—1.5%
Certificate of Deposit—0.1%
Landesbank Baden-Wuettertemberg 2.180%, 10/02/18		1,000,000		1,000,002
Commercial Paper—0.1%
Bank of China, Ltd. 2.550%, 12/20/18		993,625		994,247
Repurchase Agreements—1.0%
Deutsche Bank AG, London Repurchase Agreement dated 08/24/18 at 2.560%, due on 10/01/18 with a maturity value of $3,008,107; collateralized by various Common Stock with an aggregate market value of $3,339,968.		3,000,000		3,000,000
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $501,983; collateralized by various Common Stock with an aggregate market value of $555,623.		500,000		500,000
Macquarie Bank, Ltd., London Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $2,812,297; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 5.500%, maturity dates ranging from 08/31/19 - 05/15/48, and an aggregate market value of $2,865,830.		2,811,782		2,811,782

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $3,001,441; collateralized by various Common Stock with an aggregate market value of $3,300,643.		3,000,000	$	3,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $611,895; collateralized by various Common Stock with an aggregate market value of $667,593.		600,000		600,000
Societe Generale Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $3,185,796; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $3,496,346.		3,148,022		3,148,022
				13,059,804
Time Deposits—0.3%
Canadian Imperial Bank of Commerce 2.130%, 10/01/18		600,000		600,000
Cooperative Rabobank UA New York 2.150%, 10/01/18		600,000		600,000
DZ Bank AG 2.150%, 10/01/18		600,000		600,000
Erste Group Bank AG 2.170%, 10/01/18		600,000		600,000
Nordea Bank New York 2.140%, 10/01/18		600,000		600,000
Skandinaviska Enskilda Banken 2.130%, 10/01/18		500,000		500,000
Svenska Handelsbanken AB 2.140%, 10/01/18		600,000		600,000
				4,100,000
Total Securities Lending Reinvestments (Cost $19,154,137)				19,154,053
Total Investments—101.3% (Cost $1,205,248,861)				1,341,228,146
Other assets and liabilities (net)—(1.3)%				(17,492,265	)
Net Assets—100.0%			$	1,323,735,881

*	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, 2018, the market value of securities loaned was $17,721,217 and the collateral received consisted of cash in the amount of $19,153,429. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(b)	Non-income producing security.
(c)	Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2018, these securities represent 1.0% of net assets.

BHFTI-86

Brighthouse Funds Trust I

Brighthouse/Aberdeen Emerging Markets Equity Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

(d)	Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3.
(e)	Illiquid security. As of September 30, 2018, these securities represent 5.6% of net assets.
(f)	Represents investment of cash collateral received from securities on loan as of September 30, 2018.

Ten Largest Industries as of September 30, 2018 (Unaudited)	% of Net Assets
Banks		13.4
Interactive Media & Services		9.4
Technology Hardware, Storage & Peripherals		6.0
Construction Materials		5.8
Real Estate Management & Development		5.8
Beverages		5.7
Insurance		5.4
Semiconductors & Semiconductor Equipment		5.3
Hotels, Restaurants & Leisure		3.8
Transportation Infrastructure		3.3

Glossary of Abbreviations

Other Abbreviations

(ADR)— American Depositary Receipt

BHFTI-87

Brighthouse Funds Trust I

Brighthouse/Aberdeen Emerging Markets Equity Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2			Level 3		Total
Common Stocks
Brazil	$	133,504,851	$	—		$	—	$	133,504,851
Chile		25,073,763		—			—		25,073,763
China		57,897,588		253,966,866			13,874,168		325,738,622
Hong Kong		—		69,539,612			—		69,539,612
Hungary		—		6,349,370			—		6,349,370
India		—		176,028,597			—		176,028,597
Indonesia		—		66,634,643			—		66,634,643
Malaysia		—		18,272,455			—		18,272,455
Mexico		77,003,078		—			—		77,003,078
Philippines		—		45,301,016			—		45,301,016
Poland		—		10,945,509			—		10,945,509
Russia		11,096,871		30,465,031			—		41,561,902
South Africa		—		45,545,815			—		45,545,815
South Korea		—		121,677,714			—		121,677,714
Taiwan		—		70,459,291			—		70,459,291
Thailand		36,652,341		—			—		36,652,341
Turkey		—		12,077,856			—		12,077,856
United Kingdom		—		6,400,787			—		6,400,787
Total Common Stocks		341,228,492		933,664,562			13,874,168		1,288,767,222
Total Preferred Stock*		—		4,545,234			—		4,545,234
Total Short-Term Investment*		—		28,761,637			—		28,761,637
Total Securities Lending Reinvestments*		—		19,154,053			—		19,154,053
Total Investments	$	341,228,492	$	986,125,486		$	13,874,168	$	1,341,228,146
Collateral for Securities Loaned (Liability)	$	—	$	(19,153,429	)	$	—	$	(19,153,429	)

* See Schedule of Investments for additional detailed categorizations.

Transfers from Level 2 to Level 1 in the amount of $115,184,413 were due to the discontinuation of a systematic fair valuation model factor. Transfers from Level 2 to Level 3 in the amount of $21,542,218 were due to trading halts on the securities’ respective exchanges which resulted in the lack of observable inputs.

BHFTI-88

Brighthouse Funds Trust I

Brighthouse/Aberdeen Emerging Markets Equity Portfolio

Schedule of Investments as of September 30, 2018 (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, 2017		Realized Gain		Change in Unrealized (Depreciation)			Sales			Transfers into Level 3		Balance as of September 30, 2018		Change in Unrealized (Depreciation) from Investments Held at September 30, 2018
Common Stocks
China	$	—	$	494,334	$	(6,611,763	)	$	(1,550,621	)	$	21,542,218	$	13,874,168	$	(6,611,763	)

	Fair Value at September 30, 2018		Valuation Technique(s)	Unobservable Input	Range		Weighted Average	Relationship Between Fair Value and Input; if input value increases then Fair Value:
Common Stock
China	$	13,874,168	Market Transaction Method	Last Traded Price	CNY 5.86	CNY 5.86	CNY 5.86		Increase

BHFTI-89

Brighthouse Funds Trust I

Brighthouse/Artisan International Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—87.8% of Net Assets

Security Description	Shares		Value
Belgium—1.9%
Anheuser-Busch InBev S.A.		269,217	$	23,561,631
Brazil—1.9%
B3 S.A. - Brasil Bolsa Balcao		501,019		2,902,984
Petroleo Brasileiro S.A. (ADR) (a)		1,696,107		20,472,011
				23,374,995
Canada—3.4%
Canadian National Railway Co.		132,490		11,897,602
Canadian Pacific Railway, Ltd. (a)		141,387		29,965,561
				41,863,163
China—0.2%
Kweichow Moutai Co., Ltd. - Class A		22,388		2,376,984
Denmark—1.3%
Genmab A/S (b)		99,785		15,683,879
Finland—0.8%
Fortum Oyj		403,151		10,105,454
France—12.4%
Air Liquide S.A.		208,443		27,378,596
Airbus SE		409,773		51,375,433
BNP Paribas S.A.		282,926		17,291,232
Eiffage S.A. (144A)		150,492		16,791,538
Safran S.A.		102,629		14,363,363
Schneider Electric SE		100,525		8,087,497
Vinci S.A.		178,865		17,015,502
				152,303,161
Germany—25.6%
Allianz SE		124,321		27,694,697
Beiersdorf AG		199,494		22,509,085
Deutsche Boerse AG		458,600		61,445,624
Deutsche Post AG		1,209,780		43,140,663
Linde AG		2,206		455,907
Linde AG		289,956		68,572,282
SAP SE		41,278		5,080,139
Symrise AG		115,813		10,567,019
Wirecard AG		343,328		74,352,460
				313,817,876
Hong Kong—3.0%
AIA Group, Ltd.		4,115,572		36,771,515
Indonesia—0.6%
Bank Rakyat Indonesia Persero Tbk PT		34,127,800		7,210,915
Italy—3.5%
Assicurazioni Generali S.p.A.		1,401,178		24,158,794
Intesa Sanpaolo S.p.A.		7,180,822		18,276,013
				42,434,807

Security Description	Shares		Value
Japan—2.4%
Calbee, Inc. (a)		448,600	$	14,756,615
Japan Exchange Group, Inc.		320,700		5,588,397
Nippon Shinyaku Co., Ltd.		19,800		1,298,224
Rohm Co., Ltd.		92,400		6,698,992
Taiyo Nippon Sanso Corp.		66,700		997,918
				29,340,146
Netherlands—5.7%
Akzo Nobel NV		81,752		7,643,664
ASML Holding NV		57,420		10,722,159
ING Groep NV		2,865,350		37,147,876
Koninklijke DSM NV		134,984		14,296,225
				69,809,924
Russia—1.2%
MMC Norilsk Nickel PJSC (ADR)		812,719		14,058,379
Switzerland—10.3%
Credit Suisse Group AG (b)		445,346		6,683,363
Ferguson plc		330,019		27,995,596
Glencore plc (b)		3,534,805		15,237,504
Idorsia, Ltd. (144A) (b)		114,679		2,883,789
Lonza Group AG (b)		42,473		14,483,506
Nestle S.A.		499,996		41,652,708
Sonova Holding AG (144A)		87,775		17,464,014
				126,400,480
United Kingdom—6.6%
British American Tobacco plc		167,244		7,807,992
ConvaTec Group plc (144A)		5,704,155		17,263,102
Experian plc		540,548		13,882,680
HSBC Holdings plc		1,614,449		14,093,112
London Stock Exchange Group plc		218,260		13,039,071
Rentokil Initial plc		2,520,543		10,446,719
Standard Chartered plc		527,769		4,370,763
				80,903,439
United States—7.0%
Aon plc		186,004		28,603,695
Medtronic plc		492,489		48,446,143
Spotify Technology S.A. (b)		13,154		2,378,638
WABCO Holdings, Inc. (b)		52,095		6,144,084
				85,572,560
Total Common Stocks (Cost $933,163,493)				1,075,589,308
Preferred Stocks—3.3%
Brazil—1.5%
Petroleo Brasileiro S.A.		3,618,887		18,898,448

BHFTI-90

Brighthouse Funds Trust I

Brighthouse/Artisan International Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Preferred Stocks—(Continued)

Security Description	Shares/ Principal Amount*		Value
Germany—1.8%
Henkel AG & Co. KGaA		188,603	$	22,140,211
Total Preferred Stocks (Cost $45,005,514)				41,038,659
Equity Linked Security—1.7%
United Kingdom—1.7%
Ryanair Holdings plc (HSBC Bank plc), 10/29/18 (b) (c) (Cost $21,253,182)		1,349,945		20,549,582
Short-Term Investment—6.4%
Repurchase Agreement—6.4%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $78,207,490; collateralized by U.S. Treasury Note at 2.125%, maturing 07/31/24, with a market value of $79,769,235.		78,200,973		78,200,973
Total Short-Term Investments (Cost $78,200,973)				78,200,973
Securities Lending Reinvestments (d)—1.2%
Repurchase Agreements—1.0%
Citigroup Global Markets, Ltd. Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $500,093; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.625% - 2.875%, maturity dates ranging from 01/15/19 - 02/15/43, and an aggregate market value of $510,000.		500,000		500,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $300,056; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 1.750% - 2.875%, maturity dates ranging from 10/15/20 - 05/15/27, and an aggregate market value of $306,000.		300,000		300,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $700,131; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.375% - 3.125%, maturity dates ranging from 12/17/18 - 02/15/43, and an aggregate market value of $714,000.		700,000		700,000
Deutsche Bank AG, London Repurchase Agreement dated 08/24/18 at 2.560%, due on 10/01/18 with a maturity value of $22,059; collateralized by various Common Stock with an aggregate market value of $24,493.		22,000		22,000
Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $305,653; collateralized by various Common Stock with an aggregate market value of $333,997.		300,000		300,000

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $1,003,966; collateralized by various Common Stock with an aggregate market value of $1,111,246.		1,000,000	$	1,000,000
Macquarie Bank, Ltd., London Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $1,650,212; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 5.500%, maturity dates ranging from 08/31/19 - 05/15/48, and an aggregate market value of $1,681,624.		1,649,909		1,649,909
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $1,500,720; collateralized by various Common Stock with an aggregate market value of $1,650,321.		1,500,000		1,500,000
NBC Global Finance, Ltd. Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $2,039,650; collateralized by various Common Stock with an aggregate market value of $2,225,310.		2,000,000		2,000,000
Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $1,215,522; collateralized by various Common Stock with an aggregate market value of $1,335,186.		1,200,000		1,200,000
Societe Generale Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $709,298; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $777,454.		700,000		700,000
Repurchase Agreement dated 03/16/18 at 2.310%, due on 10/01/18 with a maturity value of $708,938; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $777,454.		700,000		700,000
Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $809,959; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $888,519.		800,000		800,000
Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $809,599; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $888,519.		800,000		800,000
				12,171,909
Time Deposits—0.2%
Canadian Imperial Bank of Commerce 2.130%, 10/01/18		500,000		500,000

BHFTI-91

Brighthouse Funds Trust I

Brighthouse/Artisan International Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (d)—(Continued)

Security Description	Principal Amount*		Value
Time Deposits—(Continued)
Cooperative Rabobank UA New York 2.150%, 10/01/18		600,000	$	600,000
DZ Bank AG 2.150%, 10/01/18		500,000		500,000
Erste Group Bank AG 2.170%, 10/01/18		500,000		500,000
Nordea Bank New York 2.140%, 10/01/18		500,000		500,000
Svenska Handelsbanken AB 2.140%, 10/01/18		500,000		500,000
				3,100,000
Total Securities Lending Reinvestments (Cost $15,271,909)				15,271,909
Total Investments—100.4% (Cost $1,092,895,071)				1,230,650,431
Other assets and liabilities (net)—(0.4)%				(5,243,600	)
Net Assets—100.0%			$	1,225,406,831

*	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, 2018, the market value of securities loaned was $14,545,391 and the collateral received consisted of cash in the amount of $15,271,909. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.

(b)	Non-income producing security.
(c)	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.
(d)	Represents investment of cash collateral received from securities on loan as of September 30, 2018.
(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, 2018, the market value of 144A securities was $54,402,443, which is 4.4% of net assets.

Ten Largest Industries as of September 30, 2018 (Unaudited)	% of Net Assets
Chemicals		10.6
Banks		9.7
Insurance		9.6
Capital Markets		7.3
Health Care Equipment & Supplies		6.8
IT Services		6.1
Aerospace & Defense		5.4
Food Products		4.6
Air Freight & Logistics		3.5
Road & Rail		3.4

Glossary of Abbreviations

Other Abbreviations

(ADR)— American Depositary Receipt

BHFTI-92

Brighthouse Funds Trust I

Brighthouse/Artisan International Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2			Level 3		Total
Common Stocks
Belgium	$	—	$	23,561,631		$	—	$	23,561,631
Brazil		23,374,995		—			—		23,374,995
Canada		41,863,163		—			—		41,863,163
China		—		2,376,984			—		2,376,984
Denmark		—		15,683,879			—		15,683,879
Finland		—		10,105,454			—		10,105,454
France		—		152,303,161			—		152,303,161
Germany		—		313,817,876			—		313,817,876
Hong Kong		—		36,771,515			—		36,771,515
Indonesia		—		7,210,915			—		7,210,915
Italy		—		42,434,807			—		42,434,807
Japan		—		29,340,146			—		29,340,146
Netherlands		—		69,809,924			—		69,809,924
Russia		—		14,058,379			—		14,058,379
Switzerland		—		126,400,480			—		126,400,480
United Kingdom		—		80,903,439			—		80,903,439
United States		85,572,560		—			—		85,572,560
Total Common Stocks		150,810,718		924,778,590			—		1,075,589,308
Preferred Stocks
Brazil		18,898,448		—			—		18,898,448
Germany		—		22,140,211			—		22,140,211
Total Preferred Stocks		18,898,448		22,140,211			—		41,038,659
Total Equity Linked Security*		—		20,549,582			—		20,549,582
Total Short-Term Investment*		—		78,200,973			—		78,200,973
Total Securities Lending Reinvestments*		—		15,271,909			—		15,271,909
Total Investments	$	169,709,166	$	1,060,941,265		$	—	$	1,230,650,431
Collateral for Securities Loaned (Liability)	$	—	$	(15,271,909	)	$	—	$	(15,271,909	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-93

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Floating Rate Loans (a)—96.2% of Net Assets

Security Description	Principal Amount*		Value
Advertising—0.6%
AppLovin Corp. Term Loan B, 6.064%, 3M LIBOR + 3.750%, 08/15/25		1,425,000	$	1,437,172
J.D. Power & Associates 1st Lien Term Loan, 6.492%, 1M LIBOR + 4.250%, 09/07/23		957,537		963,820
Red Ventures LLC 1st Lien Term Loan, 6.242%, 1M LIBOR + 4.000%, 11/08/24		940,125		952,660
Vestcom Parent Holdings, Inc. 1st Lien Term Loan, 6.242%, PRIME + 3.000%, 12/19/23		1,774,507		1,783,380
				5,137,032
Aerospace/Defense—1.8%
Accudyne Industries LLC Term Loan, 5.242%, 1M LIBOR + 3.000%, 08/18/24		611,898		615,212
Flying Fortress, Inc. Term Loan B, 4.136%, 3M LIBOR + 1.750%, 10/30/22		2,729,167		2,746,508
TransDigm, Inc. Term Loan F, 4.742%, 1M LIBOR + 2.500%, 06/09/23		4,990,537		5,012,950
Term Loan G, 4.742%, 1M LIBOR + 2.500%, 08/22/24		4,708,026		4,728,299
Wesco Aircraft Hardware Corp. Term Loan A, 5.250%, 1M LIBOR + 3.000%, 11/30/20		1,395,000		1,377,562
WP CPP Holdings LLC Term Loan, 6.214%, 2M LIBOR + 3.750%, 04/30/25		525,000		529,047
				15,009,578
Auto Components—1.4%
American Axle & Manufacturing, Inc. Term Loan B, 4.462%, 1M LIBOR + 2.250%, 04/06/24		2,900,625		2,905,156
CS Intermediate Holdco 2 LLC Term Loan B, 4.242%, 1M LIBOR + 2.000%, 11/02/23		1,287,271		1,293,103
Dayco Products LLC Term Loan B, 6.563%, 3M LIBOR + 4.250%, 05/19/23		979,474		988,656
Federal-Mogul Holdings Corp. Term Loan C, 5.890%, 3M LIBOR + 3.750%, 04/15/21		3,292,329		3,299,875
Tenneco, Inc. Term Loan B, 06/18/25 (b)		3,325,000		3,326,540
				11,813,330
Auto Manufacturers—0.3%
FCA U.S. LLC Term Loan B, 4.250%, 1M LIBOR + 2.000%, 12/31/18		2,460,873		2,467,025
Auto Parts & Equipment—1.1%
Altra Industrial Motion Corp. Term Loan B, 09/05/25 (b)		700,000		702,625
Belron Finance U.S. LLC Term Loan B, 4.843%, 3M LIBOR + 2.500%, 11/07/24		521,063		522,854
DexKo Global, Inc. Incremental Term Loan, 5.742%, 1M LIBOR + 3.500%, 07/24/24		996,563		1,004,660
Term Loan, 5.742%, 1M LIBOR + 3.500%, 07/24/24		794,010		798,145
Garrett LX III S.a.r.l. Term Loan B, 09/30/25 (b)		250,000		250,625
Goodyear Tire & Rubber Co. (The) 2nd Lien Term Loan, 4.150%, 1M LIBOR + 2.000%, 03/07/25		2,433,333		2,440,621

Security Description	Principal Amount*		Value
Auto Parts & Equipment—(Continued)
Horizon Global Corp. Term Loan B, 8.242%, 1M LIBOR + 6.000%, 06/30/21		357,363	$	349,322
L&W, Inc. Term Loan B, 6.212%, 1M LIBOR + 4.000%, 05/22/25		748,125		755,139
TI Group Automotive Systems LLC Term Loan, 4.742%, 1M LIBOR + 2.500%, 06/30/22		1,356,329		1,362,263
Tower Automotive Holdings USA LLC Term Loan B, 4.875%, 1M LIBOR + 2.750%, 03/07/24		1,049,655		1,056,215
				9,242,469
Banks—0.1%
Freedom Mortgage Corp. 1st Lien Term Loan, 6.992%, 1M LIBOR + 4.750%, 02/23/22		1,038,320		1,047,838
Beverages—0.3%
Arterra Wines Canada, Inc. Term Loan B1, 5.088%, 3M LIBOR + 2.750%, 12/15/23		323,354		325,376
Flavors Holdings, Inc. 1st Lien Term Loan, 8.136%, 3M LIBOR + 5.750%, 04/03/20		632,571		602,524
Jacobs Douwe Egberts International B.V. Term Loan B5, 4.625%, 3M LIBOR + 2.250%, 07/01/22		1,555,258		1,566,417
				2,494,317
Building Materials—1.1%
CPG International, Inc. Term Loan, 6.251%, 6M LIBOR + 3.750%, 05/03/24		1,919,597		1,934,394
Henry Co. LLC Term Loan B, 6.242%, 1M LIBOR + 4.000%, 10/05/23		393,992		396,701
Quikrete Holdings, Inc. 1st Lien Term Loan, 4.992%, 1M LIBOR + 2.750%, 11/15/23		4,311,043		4,323,709
Summit Materials Cos. I LLC Term Loan B, 4.218%, 1M LIBOR + 2.000%, 11/21/24		1,588,000		1,591,970
Tank Holding Corp. Term Loan B, 5.668%, 1M LIBOR + 3.500%, 03/17/22		637,704		641,025
				8,887,799
Capital Markets—0.9%
Donnelley Financial Solutions, Inc. Term Loan B, 5.242%, 1M LIBOR + 3.000%, 10/02/23		161,250		161,704
Greenhill & Co., Inc. 1st Lien Term Loan, 5.952%, 1M LIBOR + 3.750%, 10/12/22		938,438		951,341
Guggenheim Partners LLC Term Loan, 4.992%, 1M LIBOR + 2.750%, 07/21/23		5,250,702		5,291,395
Sheridan Investment Partners II L.P. Term Loan A, 5.820%, 3M LIBOR + 3.500%, 12/16/20		97,346		89,315
Term Loan B, 5.820%, 3M LIBOR + 3.500%, 12/16/20		699,788		642,055
Term Loan M, 5.820%, 3M LIBOR + 3.500%, 12/16/20		36,305		33,309
Virtus Investment Partners, Inc. Term Loan, 4.604%, 1M LIBOR + 2.500%, 06/01/24		625,820		629,731
				7,798,850
Chemicals—4.7%
Alpha 3 B.V. Term Loan B1, 5.386%, 3M LIBOR + 3.000%, 01/31/24		1,786,100		1,795,588

BHFTI-94

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Chemicals—(Continued)
Aruba Investments, Inc. Term Loan B, 5.492%, 1M LIBOR + 3.250%, 02/02/22		291,694	$	292,879
Ashland, Inc. Term Loan B, 3.940%, 1M LIBOR + 1.750%, 05/17/24		518,438		520,317
Axalta Coating Systems U.S. Holdings, Inc. Term Loan B3, 4.136%, 3M LIBOR + 1.750%, 06/01/24		3,306,883		3,317,217
Emerald Performance Materials LLC 1st Lien Term Loan, 5.742%, 1M LIBOR + 3.500%, 08/01/21		477,180		481,207
Ferro Corp. Term Loan B1, 4.636%, 3M LIBOR + 2.250%, 02/14/24		394,020		396,187
Term Loan B2, 4.636%, 3M LIBOR + 2.250%, 02/14/24		314,281		316,010
Term Loan B3, 4.636%, 3M LIBOR + 2.250%, 02/14/24		307,594		309,286
Flint Group GmbH Term Loan C, 5.342%, 3M LIBOR + 3.000%, 09/07/21		136,186		129,717
Flint Group U.S. LLC 1st Lien Term Loan B2, 5.342%, 3M LIBOR + 3.000%, 09/07/21		823,814		784,683
Gemini HDPE LLC Term Loan B, 4.850%, 3M LIBOR + 2.500%, 08/07/24		1,856,891		1,870,043
GrafTech Finance, Inc. Term Loan B, 5.742%, 1M LIBOR + 3.500%, 02/12/25		2,641,563		2,663,025
HB Fuller Co. Term Loan B, 4.165%, 1M LIBOR + 2.000%, 10/20/24		1,861,654		1,862,300
Ineos U.S. Finance LLC Term Loan B, 4.242%, 1M LIBOR + 2.000%, 03/31/24		3,101,563		3,110,529
Invictus U.S. LLC 1st Lien Term Loan, 5.195%, 2M LIBOR + 3.000%, 03/28/25		472,625		476,465
Kraton Polymers LLC Term Loan, 4.742%, 1M LIBOR + 2.500%, 03/05/25		843,338		847,291
LTI Holdings, Inc. 1st Lien Term Loan, 09/06/25 (b)		450,000		452,531
MacDermid, Inc. Term Loan B6, 5.242%, 1M LIBOR + 3.000%, 06/07/23		2,781,500		2,795,841
Term Loan B7, 4.742%, 1M LIBOR + 2.500%, 06/07/20		281,213		282,883
Minerals Technologies, Inc. Term Loan B, 4.463%, 1M LIBOR + 2.250%, 02/14/24		896,314		904,146
Orion Engineered Carbons GmbH Term Loan B, 4.386%, 3M LIBOR + 2.000%, 07/25/24		458,860		460,867
PolyOne Corp. Term Loan B4, 3.898%, 1M LIBOR + 1.750%, 11/11/22		950,634		952,892
Schenectady International Group, Inc. 1st Lien Term Loan, 08/10/25 (b)		850,000		852,656
Sonneborn LLC Term Loan, 6.092%, 3M LIBOR + 3.750%, 12/10/20		336,361		341,407
Sonneborn Refined Products B.V. Term Loan, 6.092%, 3M LIBOR + 3.750%, 12/10/20		59,358		60,248
Spectrum Holdings III Corp. 1st Lien Term Loan, 5.492%, 1M LIBOR + 3.250%, 01/31/25		543,270		540,214
Starfruit Finco B.V. Term Loan B, 09/20/25 (b)		2,625,000		2,639,296
Tata Chemicals North America, Inc. Term Loan B, 5.188%, 3M LIBOR + 2.750%, 08/07/20		840,404		844,081

Security Description	Principal Amount*		Value
Chemicals—(Continued)
Tronox Blocked Borrower LLC Term Loan B, 5.242%, 1M LIBOR + 3.000%, 09/22/24		967,688	$	972,425
Tronox Finance LLC Term Loan B, 5.242%, 1M LIBOR + 3.000%, 09/22/24		2,233,125		2,244,058
Unifrax Corp. Term Loan B, 5.886%, 3M LIBOR + 3.500%, 04/04/24		518,451		526,227
Univar, Inc. Term Loan B, 4.492%, 1M LIBOR + 2.250%, 07/01/24		3,206,787		3,218,367
Venator Materials Corp. Term Loan B, 5.242%, 1M LIBOR + 3.000%, 08/08/24		841,500		843,078
Versum Materials, Inc. Term Loan, 4.386%, 3M LIBOR + 2.000%, 09/29/23		588,000		591,553
				38,695,514
Coal — 0.2%
Murray Energy Corp. Term Loan B2, 9.492%, 1M LIBOR + 7.250%, 10/17/22		1,882,813		1,729,247
Commercial Services — 4.5%
Acosta Holdco, Inc. Term Loan, 5.492%, 1M LIBOR + 3.250%, 09/26/21		2,091,156		1,567,844
Albany Molecular Research, Inc. 1st Lien Term Loan, 5.492%, 1M LIBOR + 3.250%, 08/30/24		668,250		670,129
ASGN, Inc. Term Loan B2, 4.242%, 1M LIBOR + 2.000%, 04/02/25		454,775		456,424
Cast & Crew Payroll LLC 1st Lien Term Loan B, 5.000%, 1M LIBOR + 2.750%, 09/27/24		963,394		965,200
Ceridian HCM Holding, Inc. Term Loan B, 5.492%, 1M LIBOR + 3.250%, 04/05/25		1,375,000		1,379,511
EAB Global, Inc. 1st Lien Term Loan, 6.253%, PRIME + 2.750%, 11/15/24		1,417,875		1,410,786
Element Materials Technology Group U.S. Holdings, Inc. Term Loan B, 5.742%, 1M LIBOR + 3.500%, 06/28/24		347,375		349,980
Financial & Risk Holdings, Inc. Term Loan, 09/17/25 (b)		1,050,000		1,048,969
Garda World Security Corp. Term Loan, 5.826%, PRIME + 2.500%, 05/24/24		1,839,522		1,850,252
Hertz Corp. (The) Term Loan B, 4.992%, 1M LIBOR + 2.750%, 06/30/23		991,688		990,913
IAP Worldwide Services, Inc. 2nd Lien Term Loan, 8.886%, 3M LIBOR + 6.500%, 07/18/19 (c) (d) (e)		328,603		266,431
Revolver, 1.464%, 07/18/19 (c) (d) (e) (f)		248,024		249,388
IPC Corp. Term Loan B, 6.850%, 3M LIBOR + 4.500%, 08/06/21		880,630		859,715
Jaguar Holding Co. II Term Loan, 4.742%, 1M LIBOR + 2.500%, 08/18/22		5,584,557		5,595,028
KAR Auction Services, Inc. Term Loan B4, 4.688%, 3M LIBOR + 2.250%, 03/11/21		2,970,177		2,985,010
LegalZoom.com, Inc. 1st Lien Term Loan, 6.462%, 1M LIBOR + 4.250%, 11/21/24		1,613,587		1,639,808
Live Nation Entertainment, Inc. Term Loan B3, 4.000%, 1M LIBOR + 1.750%, 10/31/23		1,594,322		1,599,295

BHFTI-95

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Commercial Services —(Continued)
Merrill Communications LLC Term Loan, 7.592%, 3M LIBOR + 5.250%, 06/01/22		274,336	$	276,394
Monitronics International, Inc. Term Loan B2, 7.886%, 3M LIBOR + 5.500%, 09/30/22		3,054,603		2,986,827
Parexel International Corp. Term Loan B, 4.992%, 1M LIBOR + 2.750%, 09/27/24		2,450,250		2,438,763
Ping Identity Corp. Term Loan B, 5.992%, 1M LIBOR + 3.750%, 01/24/25		872,813		874,995
Pre-Paid Legal Services, Inc. 1st Lien Term Loan, 5.492%, 1M LIBOR + 3.250%, 05/01/25		417,375		420,440
Prime Security Services Borrower LLC 1st Lien Term Loan, 4.992%, 1M LIBOR + 2.750%, 05/02/22		2,975,536		2,993,306
Prometric Holdings, Inc. 1st Lien Term Loan, 5.250%, 1M LIBOR + 3.000%, 01/29/25		273,625		274,081
Restaurant Technologies, Inc. 1st Lien Term Loan, 09/21/25 (b)		200,000		201,125
ServiceMaster Co. Term Loan B, 4.742%, 1M LIBOR + 2.500%, 11/08/23		1,120,814		1,126,833
SGS Cayman L.P. Term Loan B, 7.761%, 3M LIBOR + 5.375%, 04/23/21		194,866		186,462
Verscend Holding Corp. Term Loan B, 6.742%, 1M LIBOR + 4.500%, 08/27/25		1,425,000		1,433,016
				37,096,925
Commercial Services & Supplies—0.1%
LSC Communications, Inc. Term Loan B, 7.742%, 1M LIBOR + 5.500%, 09/30/22		861,667		868,129
Communications Equipment—0.2%
Plantronics, Inc. Term Loan B, 4.742%, 1M LIBOR + 2.500%, 07/02/25		1,275,000		1,279,582
Computers—1.5%
Avast Software B.V. Term Loan B, 4.886%, 3M LIBOR + 2.500%, 09/30/23		1,337,988		1,347,395
Exact Merger Sub LLC 1st Lien Term Loan, 6.636%, 3M LIBOR + 4.250%, 09/27/24		569,250		575,298
Harland Clarke Holdings Corp. Term Loan B7, 7.136%, 3M LIBOR + 4.750%, 11/03/23		936,643		900,934
Lumentum Holdings 1st Lien Term Loan, 08/07/25 (b)		550,000		555,500
MTS Systems Corp. Term Loan B, 5.410%, 1M LIBOR + 3.250%, 07/05/23		1,106,176		1,113,781
SkillSoft Corp. 1st Lien Term Loan, 6.992%, 1M LIBOR + 4.750%, 04/28/21		3,874,121		3,698,980
Tempo Acquisition LLC Term Loan, 5.242%, 1M LIBOR + 3.000%, 05/01/24		814,688		818,659
Verifone Systems, Inc. 1st Lien Term Loan, 6.322%, 3M LIBOR + 4.000%, 08/20/25		875,000		881,672
Western Digital Corp. Term Loan B4, 3.992%, 1M LIBOR + 1.750%, 04/29/23		2,186,453		2,193,277
				12,085,496

Security Description	Principal Amount*		Value
Distribution/Wholesale—0.1%
Beacon Roofing Supply, Inc. Term Loan B, 4.383%, 1M LIBOR + 2.250%, 01/02/25		547,250	$	546,908
Wastequip LLC 1st Lien Term Loan, 5.712%, 1M LIBOR + 3.500%, 03/20/25		124,375		125,113
				672,021
Distributors—0.4%
American Builders & Contractors Supply Co., Inc. Term Loan B, 4.242%, 1M LIBOR + 2.000%, 10/31/23		3,452,450		3,447,741
PFS Holding Corp. 1st Lien Term Loan, 5.610%, 1M LIBOR + 3.500%, 01/31/21		238,750		137,281
				3,585,022
Diversified Consumer Services—0.4%
Adtalem Global Education, Inc. Term Loan B, 5.242%, 1M LIBOR + 3.000%, 04/11/25		374,063		377,335
Coinamatic Canada, Inc. 1st Lien Term Loan, 5.492%, 1M LIBOR + 3.250%, 05/14/22		43,256		43,580
KUEHG Corp. Incremental Term Loan, 6.136%, 3M LIBOR + 3.750%, 02/21/25		2,451,682		2,467,925
WASH Multifamily Laundry Systems LLC 1st Lien Term Loan, 5.492%, 1M LIBOR + 3.250%, 05/14/22		246,994		248,846
				3,137,686
Diversified Financial Services—4.3%
Advisor Group, Inc. Term Loan, 5.908%, 1M LIBOR + 3.750%, 08/15/25		525,000		528,609
AlixPartners LLP Term Loan B, 4.992%, 1M LIBOR + 2.750%, 04/04/24		3,132,952		3,150,575
Aptean, Inc. 1st Lien Term Loan, 6.640%, 3M LIBOR + 4.250%, 12/20/22		1,348,696		1,356,002
Aretec Group, Inc. 2nd Lien Term Loan, 7.250%, PIK + 5.500%, 05/23/21 (g)		2,005,631		2,012,315
Term Loan B1, 8.500%, PRIME + 3.250%, 11/23/20		1,486,196		1,493,627
Citco Funding LLC Term Loan, 5.242%, 1M LIBOR + 3.000%, 03/31/22		3,025,136		3,039,318
Clipper Acquisitions Corp. Term Loan B, 3.864%, 1M LIBOR + 1.750%, 12/27/24		1,116,563		1,122,830
Delos Finance S.a.r.l. Term Loan B, 4.136%, 3M LIBOR + 1.750%, 10/06/23		2,675,000		2,688,854
Ditech Holding Corp. Term Loan, 8.242%, 1M LIBOR + 6.000%, 06/30/22		2,972,784		2,811,139
Focus Financial Partners LLC Incremental Term Loan, 4.742%, 1M LIBOR + 2.500%, 07/03/24		1,720,688		1,727,498
Franklin Square Holdings L.P. Term Loan B, 4.625%, 1M LIBOR + 2.500%, 08/01/25		500,000		504,362
GreenSky Holdings LLC Term Loan B, 5.500%, 1M LIBOR + 3.250%, 03/29/25		1,318,375		1,324,967

BHFTI-96

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Diversified Financial Services—(Continued)
GTCR Valor Cos., Inc. Term Loan B1, 5.636%, 3M LIBOR + 3.250%, 06/16/23		1,367,222	$	1,377,134
Harbourvest Partners LLC Term Loan B, 4.408%, 1M LIBOR + 2.250%, 03/01/25		1,055,788		1,058,647
Lightstone Generation LLC Term Loan B, 5.992%, 1M LIBOR + 3.750%, 01/30/24		1,718,089		1,709,346
Term Loan C, 5.992%, 1M LIBOR + 3.750%, 01/30/24		92,277		91,808
LPL Holdings, Inc. 1st Lien Term Loan B, 4.424%, 1M LIBOR + 2.250%, 09/23/24		1,308,471		1,312,560
MIP Delaware LLC Term Loan B1, 5.386%, 3M LIBOR + 3.000%, 03/09/20		88,652		88,985
NFP Corp. Term Loan B, 5.242%, 1M LIBOR + 3.000%, 01/08/24		3,016,021		3,019,791
Oz Management L.P. 1st Lien Term Loan, 6.938%, 1M LIBOR + 4.750%, 04/11/23		500,000		503,750
PGX Holdings, Inc. 1st Lien Term Loan, 7.500%, 1M LIBOR + 5.250%, 09/29/20		1,423,296		1,393,940
Victory Capital Holdings, Inc. Term Loan B, 5.136%, 3M LIBOR + 2.750%, 02/12/25		252,778		253,936
Walker & Dunlop, Inc. Term Loan B, 5.242%, 1M LIBOR + 3.000%, 12/11/20		661,581		666,543
Worldpay LLC 1st Lien Term Loan B3, 3.884%, 1M LIBOR + 1.750%, 10/14/23		265,787		266,638
1st Lien Term Loan B4, 3.884%, 1M LIBOR + 1.750%, 08/09/24		1,666,625		1,671,520
				35,174,694
Electric—1.4%
Calpine Construction Finance Co. L.P. Term Loan B, 4.742%, 1M LIBOR + 2.500%, 01/15/25		1,252,357		1,254,817
Calpine Corp. Term Loan B5, 4.890%, 3M LIBOR + 2.500%, 01/15/24		4,094,999		4,099,618
Dayton Power & Light Co. (The) Term Loan B, 4.250%, 1M LIBOR + 2.000%, 08/24/22		540,375		542,401
Granite Acquisition, Inc. Term Loan B, 5.837%, 3M LIBOR + 3.500%, 12/19/21		2,409,561		2,432,401
Term Loan C, 5.886%, 3M LIBOR + 3.500%, 12/19/21		109,579		110,617
Longview Power LLC Term Loan B, 8.350%, 3M LIBOR + 6.000%, 04/13/21		1,233,563		1,078,340
Talen Energy Supply LLC Term Loan B2, 6.242%, 1M LIBOR + 4.000%, 04/15/24		686,700		691,249
TTM Technologies, Inc. Term Loan, 4.604%, 1M LIBOR + 2.500%, 09/28/24		310,478		312,028
Vistra Energy Corp. 1st Lien Term Loan B3, 4.181%, 1M LIBOR + 2.000%, 12/31/25		997,500		999,121
				11,520,592
Electrical Components & Equipment—0.3%
Electro Rent Corp. 1st Lien Term Loan, 7.190%, 3M LIBOR + 5.000%, 01/31/24		1,179,000		1,195,211
Pelican Products, Inc. 1st Lien Term Loan, 5.604%, 1M LIBOR + 3.500%, 05/01/25		573,563		574,907

Security Description	Principal Amount*		Value
Electrical Components & Equipment—(Continued)
Southwire Co. Term Loan B, 4.158%, 1M LIBOR + 2.000%, 05/15/25		548,625	$	551,985
				2,322,103
Electronics—0.7%
EIG Investors Corp. 1st Lien Term Loan, 6.061%, 3M LIBOR + 3.750%, 02/09/23		4,659,100		4,701,614
EXC Holdings III Corp. 1st Lien Term Loan, 5.886%, 3M LIBOR + 3.500%, 12/02/24		446,625		450,812
Global Appliance, Inc. Term Loan B, 6.250%, 1M LIBOR + 4.000%, 09/29/24		915,750		890,567
				6,042,993
Energy Equipment & Services—0.1%
EnergySolutions LLC Term Loan B, 6.136%, 3M LIBOR + 3.750%, 05/09/25		1,122,188		1,132,007
Energy-Alternate Sources—0.1%
Green Plains Renewable Energy, Inc. Term Loan B, 7.750%, 1M LIBOR + 5.500%, 08/18/23		940,500		953,432
Engineering & Construction—0.1%
FrontDoor, Inc. Term Loan B, 4.750%, 1M LIBOR + 2.500%, 08/14/25		425,000		428,719
USIC Holdings, Inc. Term Loan B, 5.492%, 1M LIBOR + 3.250%, 12/08/23		174,143		175,630
				604,349
Entertainment—0.9%
CDS U.S. Intermediate Holdings, Inc. 1st Lien Term Loan, 6.136%, 3M LIBOR + 3.750%, 07/08/22		691,926		683,104
SeaWorld Parks & Entertainment, Inc. Term Loan B5, 5.242%, 1M LIBOR + 3.000%, 03/31/24		2,343,704		2,342,448
Seminole Hard Rock Entertainment, Inc. Term Loan B, 5.087%, 3M LIBOR + 2.750%, 05/14/20		261,250		262,556
Sesac Holdco II LLC 1st Lien Term Loan, 5.242%, 1M LIBOR + 3.000%, 02/23/24		517,125		516,479
SMG Holdings, Inc. 1st Lien Term Loan, 5.242%, 1M LIBOR + 3.000%, 01/23/25		223,875		225,344
Stars Group Holdings B.V. (The) Incremental Term Loan, 5.886%, 3M LIBOR + 3.500%, 07/10/25		3,740,625		3,777,328
				7,807,259
Environmental Control—0.9%
Advanced Disposal Services, Inc. Term Loan B3, 4.413%, 1W LIBOR + 2.250%, 11/10/23		3,339,142		3,354,796
Core & Main L.P. Term Loan B, 5.317%, 3M LIBOR + 3.000%, 08/01/24		719,563		723,268

BHFTI-97

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Environmental Control—(Continued)
GFL Environmental, Inc. Delayed Draw Term Loan, 2.750%, 05/30/25 (f)		248,619	$	249,240
Term Loan B, 5.136%, 3M LIBOR + 2.750%, 05/30/25		1,996,378		2,001,369
Robertshaw U.S. Holding Corp. 1st Lien Term Loan, 5.750%, 1M LIBOR + 3.500%, 02/28/25		597,000		593,642
Wrangler Buyer Corp. Term Loan B, 4.992%, 1M LIBOR + 2.750%, 09/27/24		670,373		675,191
				7,597,506
Equity Real Estate Investment Trusts—0.1%
Brookfield Property REIT, Inc. 1st Lien Term Loan B, 4.742%, 1M LIBOR + 2.500%, 08/27/25		900,000		896,464
Food—3.3%
Agro Merchants NAI Holdings LLC 1st Lien Term Loan B, 6.136%, 3M LIBOR + 3.750%, 12/06/24		347,448		350,054
Albertson’s LLC Term Loan B4, 4.992%, 1M LIBOR + 2.750%, 08/25/21		1,462,593		1,465,975
Term Loan B5, 5.381%, 1M LIBOR + 3.000%, 12/21/22		1,473,853		1,476,892
Term Loan B6, 5.311%, 3M LIBOR + 3.000%, 06/22/23		4,005,653		4,011,160
Aramark Services, Inc. Term Loan B3, 4.084%, 3M LIBOR + 1.750%, 03/11/25		816,080		818,732
CHG PPC Parent LLC Term Loan B, 4.992%, 1M LIBOR + 2.750%, 03/31/25		448,875		449,857
Del Monte Foods, Inc. 1st Lien Term Loan, 5.565%, PRIME + 2.250%, 02/18/21		1,459,974		1,349,867
Dole Food Co., Inc. Term Loan B, 4.960%, PRIME + 1.750%, 04/06/24		2,573,280		2,575,290
Hearthside Food Solutions LLC Term Loan B, 5.242%, 1M LIBOR + 3.000%, 05/23/25		673,313		672,171
High Liner Foods, Inc. Term Loan B, 5.588%, 3M LIBOR + 3.250%, 04/24/21		781,451		742,378
JBS USA LLC Term Loan B, 4.844%, 3M LIBOR + 2.500%, 10/30/22		6,642,563		6,663,321
Nomad Foods Europe Midco, Ltd. Term Loan B4, 4.408%, 1M LIBOR + 2.250%, 05/15/24		1,750,676		1,745,570
NPC International, Inc. 1st Lien Term Loan, 5.576%, 1M LIBOR + 3.500%, 04/19/24		1,559,250		1,567,371
Post Holdings, Inc. Incremental Term Loan, 4.220%, 1M LIBOR + 2.000%, 05/24/24		1,555,313		1,557,451
Supervalu, Inc. Delayed Draw Term Loan, 5.742%, 1M LIBOR + 3.500%, 06/08/24		405,636		406,701
Term Loan B, 5.742%, 1M LIBOR + 3.500%, 06/08/24		676,060		677,835
U.S. Foods, Inc. Term Loan B, 4.242%, 1M LIBOR + 2.000%, 06/27/23		771,056		774,429
				27,305,054

Security Description	Principal Amount*		Value
Food Products—0.0%
American Seafoods Group LLC 1st Lien Term Loan, 5.000%, 1M LIBOR + 2.750%, 08/21/23		140,521	$	140,170
Forest Products & Paper—0.1%
Expera Specialty Solutions LLC Term Loan B, 6.335%, 1W LIBOR + 4.250%, 11/03/23		979,270		980,494
Hand/Machine Tools—0.6%
Apex Tool Group LLC Term Loan B, 5.992%, 1M LIBOR + 3.750%, 02/01/22		2,305,938		2,315,613
Milacron LLC Amended Term Loan B, 4.742%, 1M LIBOR + 2.500%, 09/28/23		2,436,397		2,438,936
				4,754,549
Health Care Providers & Services—0.1%
R1 RCM, Inc. Term Loan, 7.428%, 3M LIBOR + 5.250%, 05/08/25		525,000		526,312
Health Care Technology—0.2%
Inovalon Holdings, Inc. Term Loan B, 5.625%, 1M LIBOR + 3.500%, 04/02/25		1,150,000		1,151,438
Press Ganey Holdings, Inc. 1st Lien Term Loan, 4.992%, 1M LIBOR + 2.750%, 10/23/23		712,313		716,319
				1,867,757
Healthcare-Products—3.1%
Argon Medical Devices, Inc. 1st Lien Term Loan B, 5.992%, 1M LIBOR + 3.750%, 01/23/25		845,750		852,490
Avantor, Inc. 1st Lien Term Loan, 6.242%, 1M LIBOR + 4.000%, 11/21/24		2,158,688		2,186,634
Carestream Dental Equipment, Inc. 1st Lien Term Loan, 5.636%, 3M LIBOR + 3.250%, 09/01/24		1,338,981		1,338,423
CHG Healthcare Services, Inc. 1st Lien Term Loan B, 5.306%, 3M LIBOR + 3.000%, 06/07/23		3,106,769		3,127,156
Convatec, Inc. Term Loan B, 4.636%, 3M LIBOR + 2.250%, 10/31/23		566,375		569,207
CryoLife, Inc. Term Loan B, 6.386%, 3M LIBOR + 4.000%, 11/14/24		471,438		477,331
DJO Finance LLC Term Loan, 5.540%, 3M LIBOR + 3.250%, 06/08/20		3,354,625		3,359,167
Greatbatch, Ltd. 1st Lien Term Loan B, 5.140%, 1M LIBOR + 3.000%, 10/27/22		2,316,053		2,334,250
Hanger, Inc. 1st Lien Term Loan, 5.742%, 1M LIBOR + 3.500%, 02/26/25		1,019,875		1,018,600
Kinetic Concepts, Inc. Term Loan B, 5.636%, 3M LIBOR + 3.250%, 02/02/24		2,518,125		2,536,696
Mallinckrodt International Finance S.A. Term Loan B, 5.136%, 3M LIBOR + 2.750%, 09/24/24		3,529,115		3,512,203
Term Loan B, 5.517%, 6M LIBOR + 3.000%, 02/24/25		820,875		822,606

BHFTI-98

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Healthcare-Products—(Continued)
MedPlast Holdings, Inc. 1st Lien Term Loan, 6.087%, 3M LIBOR + 3.750%, 07/02/25		450,000	$	455,625
New Millennium HoldCo, Inc. Term Loan, 8.742%, 1M LIBOR + 6.500%, 12/21/20		275,053		154,717
Sotera Health Holdings LLC Term Loan, 5.242%, 1M LIBOR + 3.000%, 05/15/22		2,348,108		2,354,859
Tecomet, Inc. Term Loan, 5.620%, 1M LIBOR + 3.500%, 05/01/24		740,625		744,097
				25,844,061
Healthcare-Services—4.9%
Acadia Healthcare Co., Inc. Term Loan B3, 4.742%, 1M LIBOR + 2.500%, 02/11/22		711,875		717,511
Term Loan B4, 4.742%, 1M LIBOR + 2.500%, 02/16/23		1,438,354		1,449,912
ADMI Corp. Term Loan B, 5.492%, 1M LIBOR + 3.250%, 04/30/25		1,596,000		1,605,975
Alliance Healthcare Services, Inc. Term Loan B, 6.742%, 1M LIBOR + 4.500%, 10/24/23		960,469		967,672
BioClinica, Inc. 1st Lien Term Loan, 6.625%, 3M LIBOR + 4.250%, 10/20/23		638,625		606,694
BW NHHC Holdco, Inc. 1st Lien Term Loan, 7.158%, 1M LIBOR + 5.000%, 05/15/25		922,688		907,117
Community Health Systems, Inc. Term Loan H, 5.563%, 3M LIBOR + 3.250%, 01/27/21		1,735,717		1,714,020
Concentra, Inc. 1st Lien Term Loan, 4.860%, 1M LIBOR + 2.750%, 06/01/22		776,731		780,615
CPI Holdco LLC 1st Lien Term Loan, 5.886%, 1M LIBOR + 3.500%, 03/21/24		764,936		770,673
DaVita, Inc. Term Loan B, 4.992%, 1M LIBOR + 2.750%, 06/24/21		3,064,000		3,081,235
Envision Healthcare Corp. Term Loan B, 5.250%, 1M LIBOR + 3.000%, 12/01/23		3,826,520		3,831,280
Equian LLC Term Loan B, 5.462%, 1M LIBOR + 3.250%, 05/20/24		593,492		597,202
Gentiva Health Services, Inc. 1st Lien Term Loan, 6.000%, 1M LIBOR + 3.750%, 07/02/25		1,905,882		1,930,897
GHX Ultimate Parent Corp. 1st Lien Term Loan, 5.636%, 3M LIBOR + 3.250%, 06/28/24		1,088,494		1,093,937
MPH Acquisition Holdings LLC Term Loan B, 5.136%, 3M LIBOR + 2.750%, 06/07/23		4,481,868		4,495,524
National Mentor Holdings, Inc. Term Loan B, 5.386%, 3M LIBOR + 3.000%, 01/31/21		1,030,233		1,034,740
One Call Corp. Term Loan B, 7.384%, 1M LIBOR + 5.250%, 11/25/22		1,323,601		1,259,351
Ortho-Clinical Diagnostics S.A. Term Loan B, 5.492%, 1M LIBOR + 3.250%, 06/30/25		3,216,795		3,230,293
PharMerica Corp. 1st Lien Term Loan, 5.648%, 1M LIBOR + 3.500%, 12/06/24		746,250		751,847

Security Description	Principal Amount*		Value
Healthcare-Services—(Continued)
Prospect Medical Holdings, Inc. Term Loan B, 7.625%, 1M LIBOR + 5.500%, 02/22/24		1,119,375	$	1,131,968
RadNet, Inc. Term Loan, 6.090%, PRIME + 2.750%, 06/30/23		1,469,513		1,481,913
Select Medical Corp. Term Loan B, 4.901%, PRIME + 1.750%, 03/01/21		1,551,375		1,563,980
Surgery Center Holdings, Inc. Term Loan B, 5.570%, 3M LIBOR + 3.250%, 09/02/24		915,750		917,696
Team Health Holdings, Inc. 1st Lien Term Loan, 4.992%, 1M LIBOR + 2.750%, 02/06/24		1,920,750		1,870,330
U.S. Anesthesia Partners, Inc. Term Loan, 5.242%, 1M LIBOR + 3.000%, 06/23/24		1,902,550		1,915,927
Wink Holdco, Inc. 1st Lien Term Loan B, 5.242%, 1M LIBOR + 3.000%, 12/02/24		421,813		421,021
				40,129,330
Hotels, Restaurants & Leisure—1.1%
1011778 B.C. Unlimited Liability Co. Term Loan B3, 4.492%, 1M LIBOR + 2.250%, 02/16/24		6,615,024		6,625,065
Eldorado Resorts LLC Term Loan B, 4.408%, 1M LIBOR + 2.250%, 04/17/24		775,297		780,134
GVC Holdings plc Term Loan B2, 4.742%, 1M LIBOR + 2.500%, 03/29/24		1,019,875		1,025,400
Las Vegas Sands LLC Term Loan B, 3.992%, 1M LIBOR + 1.750%, 03/27/25		970,125		970,456
				9,401,055
Household Products—0.1%
Energizer Holdings, Inc. Term Loan B, 06/20/25 (b)		500,000		505,000
Household Products/Wares—0.9%
CFSP Acquisition Corp. 1st Lien Term Loan, 5.212%, 1M LIBOR + 3.000%, 03/20/25		202,968		202,207
Delayed Draw Term Loan, 1.000%, 03/20/25 (f)		46,012		45,840
KIK Custom Products, Inc. Term Loan B, 6.242%, 1M LIBOR + 4.000%, 05/15/23		1,752,096		1,746,072
Libbey Glass, Inc. Term Loan B, 5.133%, 1M LIBOR + 3.000%, 04/09/21		389,966		390,210
Prestige Brands, Inc. Term Loan B4, 4.242%, 1M LIBOR + 2.000%, 01/26/24		446,919		447,408
Spectrum Brands, Inc. Term Loan B, 4.349%, 3M LIBOR + 2.000%, 06/23/22		1,906,112		1,917,230
Spin Holdco, Inc. Term Loan B, 5.589%, 3M LIBOR + 3.250%, 11/14/22		3,028,028		3,042,411
				7,791,378
Industrial Conglomerates—0.3%
IG Investment Holdings LLC 1st Lien Term Loan, 5.802%, 1M LIBOR + 3.500%, 05/23/25		2,731,535		2,753,729

BHFTI-99

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Insurance—3.5%
Alliant Holdings I, Inc. Term Loan B, 5.148%, 1M LIBOR + 3.000%, 05/09/25		2,333,142	$	2,340,731
AmWINS Group, Inc. Term Loan B, 4.965%, 1M LIBOR + 2.750%, 01/25/24		3,879,825		3,895,069
Asurion LLC 2nd Lien Term Loan, 8.742%, 1M LIBOR + 6.500%, 08/04/25		2,350,000		2,420,989
Term Loan B4, 5.242%, 1M LIBOR + 3.000%, 08/04/22		4,848,096		4,894,303
Term Loan B6, 5.242%, 1M LIBOR + 3.000%, 11/03/23		2,707,393		2,729,672
Camelot UK Holdco, Ltd. Term Loan, 5.492%, 1M LIBOR + 3.250%, 10/03/23		1,991,407		1,997,097
Hub International, Ltd. Term Loan B, 5.335%, 3M LIBOR + 3.000%, 04/25/25		4,563,563		4,576,537
Sedgwick Claims Management Services, Inc. 1st Lien Term Loan, 4.992%, 1M LIBOR + 2.750%, 03/01/21		1,044,545		1,046,287
UFC Holdings LLC 1st Lien Term Loan, 5.500%, 1M LIBOR + 3.250%, 08/18/23		1,965,000		1,978,509
USI, Inc. Term Loan, 5.386%, 3M LIBOR + 3.000%, 05/16/24		2,673,000		2,676,820
				28,556,014
Internet—3.1%
Ancestry.com Operations, Inc. 1st Lien Term Loan, 5.500%, 1M LIBOR + 3.250%, 10/19/23		2,793,527		2,805,386
Ascend Learning LLC Term Loan B, 5.242%, 1M LIBOR + 3.000%, 07/12/24		1,386,000		1,389,033
Getty Images, Inc. Term Loan B, 5.742%, 1M LIBOR + 3.500%, 10/18/19		3,347,667		3,328,837
Go Daddy Operating Co. LLC Term Loan, 4.492%, 1M LIBOR + 2.250%, 02/15/24		5,055,435		5,080,263
Match Group, Inc. Term Loan B, 4.665%, 1M LIBOR + 2.500%, 11/16/22		481,250		485,305
Shutterfly, Inc. Term Loan B2, 5.000%, 1M LIBOR + 2.750%, 08/17/24		523,688		526,240
SurveyMonkey, Inc. Term Loan, 6.750%, 1M LIBOR + 4.500%, 04/13/24		1,580,000		1,585,885
Tibco Software, Inc. Term Loan B, 5.750%, 1M LIBOR + 3.500%, 12/04/20		3,297,191		3,317,772
Uber Technologies Incremental Term Loan, 5.648%, 1M LIBOR + 3.500%, 07/13/23		4,389,193		4,413,883
Term Loan, 6.120%, 1M LIBOR + 4.000%, 04/04/25		1,421,438		1,433,342
Vivid Seats, Ltd. 1st Lien Term Loan, 5.742%, 1M LIBOR + 3.500%, 06/30/24		962,813		960,405
				25,326,351
Internet Software & Services—0.6%
Answers Finance LLC 2nd Lien Term Loan, 9.000%, PRIME + 7.900%, 09/15/21		149,134		146,151

Security Description	Principal Amount*		Value
Internet Software & Services—(Continued)
Extreme Reach, Inc. 1st Lien Term Loan, 8.500%, 1M LIBOR + 6.250%, 02/07/20		2,057,908	$	2,061,122
Sutherland Global Services, Inc. Term Loan B, 7.761%, 3M LIBOR + 5.375%, 04/23/21		837,134		801,033
Travelport Finance (Luxembourg) S.a.r.l. Term Loan B, 4.814%, 3M LIBOR + 2.500%, 03/17/25		1,864,955		1,867,753
				4,876,059
Investment Company Securities—0.3%
Fortress Investment Group LLC Term Loan B, 4.242%, 1M LIBOR + 2.000%, 12/27/22		932,229		937,473
LSF9 Atlantis Holdings LLC Term Loan, 8.120%, 1M LIBOR + 6.000%, 05/01/23		1,276,875		1,236,175
				2,173,648
Iron/Steel—0.2%
Phoenix Services International LLC Term Loan, 5.870%, 1M LIBOR + 3.750%, 03/01/25		1,344,497		1,361,303
IT Services—0.1%
Blackhawk Network Holdings, Inc. 1st Lien Term Loan, 5.386%, 3M LIBOR + 3.000%, 06/15/25		748,125		753,814
Leisure Products—0.7%
Bombardier Recreational Products, Inc. Term Loan B, 4.240%, 1M LIBOR + 2.000%, 05/23/25		4,284,777		4,289,242
Sabre GLBL, Inc. Term Loan B, 4.242%, 1M LIBOR + 2.000%, 02/22/24		924,227		928,078
Steinway Musical Instruments, Inc. Term Loan B, 5.908%, 1M LIBOR + 3.750%, 02/13/25		820,875		822,927
				6,040,247
Leisure Time—0.9%
Aristocrat Technologies, Inc. 1st Lien Term Loan, 4.098%, 3M LIBOR + 1.750%, 10/19/24		1,065,310		1,065,618
ClubCorp Holdings, Inc. Term Loan B, 5.136%, 3M LIBOR + 2.750%, 09/18/24		1,664,756		1,657,473
Delta 2 (LUX) S.a.r.l. Term Loan, 4.742%, 1M LIBOR + 2.500%, 02/01/24		2,243,230		2,227,247
Hayward Industries, Inc. 1st Lien Term Loan, 5.742%, 1M LIBOR + 3.500%, 08/05/24		420,750		423,906
SRAM LLC Term Loan B, 5.018%, PRIME + 1.750%, 03/15/24		1,275,153		1,284,302
Travel Leaders Group LLC Term Loan B, 6.158%, 1M LIBOR + 4.000%, 01/25/24		872,813		884,268
				7,542,814
Life Sciences Tools & Services—0.1%
Syneos Health, Inc. Term Loan B, 4.242%, 1M LIBOR + 2.000%, 08/01/24		1,126,583		1,130,025

BHFTI-100

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Lodging—1.9%
Boyd Gaming Corp. Term Loan B3, 4.417%, 1W LIBOR + 2.250%, 09/15/23		888,780	$	894,280
CityCenter Holdings LLC Term Loan B, 4.492%, 1M LIBOR + 2.250%, 04/18/24		2,348,857		2,354,309
Crown Finance U.S., Inc. Term Loan, 4.742%, 1M LIBOR + 2.500%, 02/28/25		1,940,250		1,939,307
Cypress Intermediate Holdings III, Inc. 1st Lien Term Loan, 5.250%, 1M LIBOR + 3.000%, 04/27/24		1,209,688		1,215,925
Four Seasons Hotels, Ltd. 1st Lien Term Loan, 4.242%, 1M LIBOR + 2.000%, 11/30/23		884,250		886,066
Hilton Worldwide Finance LLC Term Loan B2, 3.966%, 1M LIBOR + 1.750%, 10/25/23		2,750,010		2,763,769
MGM Growth Properties Operating Partnership L.P. Term Loan B, 4.242%, 1M LIBOR + 2.000%, 03/21/25		1,852,500		1,856,966
Playa Resorts Holding B.V. Term Loan B, 4.990%, 1M LIBOR + 2.750%, 04/29/24		2,300,489		2,285,871
Tropicana Entertainment, Inc. Term Loan, 7.250%, PRIME + 2.000%, 11/27/20		84,000		84,210
Wyndham Hotels & Resorts, Inc. Term Loan B, 3.992%, 1M LIBOR + 1.750%, 05/30/25		1,200,000		1,205,100
				15,485,803
Machinery—0.6%
CPM Holdings, Inc. Term Loan B, 5.742%, 1M LIBOR + 3.500%, 04/11/22		1,245,134		1,252,138
Delachaux S.A. Term Loan B2, 5.884%, 3M LIBOR + 3.500%, 10/28/21		384,799		389,609
Dynacast International LLC Term Loan B2, 5.636%, 3M LIBOR + 3.250%, 01/28/22		1,193,195		1,198,386
Global Brass & Copper, Inc. Term Loan B, 4.750%, 1M LIBOR + 2.500%, 05/29/25		808,500		813,048
Paladin Brands Holding, Inc. Term Loan B, 7.886%, 3M LIBOR + 5.500%, 08/15/22		1,146,470		1,150,770
				4,803,951
Machinery-Construction & Mining—0.3%
Brookfield WEC Holdings, Inc. 1st Lien Term Loan, 5.992%, 1M LIBOR + 3.750%, 08/01/25		2,100,000		2,127,781
Machinery-Diversified—1.4%
Clark Equipment Co. Term Loan B, 4.371%, 3M LIBOR + 2.000%, 05/18/24		1,540,151		1,544,362
Engineered Machinery Holdings, Inc. 1st Lien Term Loan, 5.636%, 3M LIBOR + 3.250%, 07/19/24		1,166,188		1,153,068
EWT Holdings III Corp. Term Loan, 5.242%, 1M LIBOR + 3.000%, 12/20/24		3,882,200		3,912,528
Gardner Denver, Inc. Term Loan B, 4.992%, 1M LIBOR + 2.750%, 07/30/24		977,580		984,686
Pro Mach Group, Inc. Term Loan B, 5.133%, 1M LIBOR + 3.000%, 03/07/25		223,875		223,595

Security Description	Principal Amount*		Value
Machinery-Diversified—(Continued)
Shape Technologies Group, Inc. Term Loan, 5.227%, 1M LIBOR + 3.000%, 04/21/25		224,438	$	224,578
Titan Acquisition, Ltd. Term Loan B, 5.242%, 1M LIBOR + 3.000%, 03/28/25		2,761,125		2,681,527
Welbilt, Inc. Term Loan B, 4.992%, 1M LIBOR + 2.750%, 03/03/23		835,897		841,985
				11,566,329
Marine—0.2%
Stena International S.a.r.l. Term Loan B, 5.390%, 3M LIBOR + 3.000%, 03/03/21		1,623,500		1,593,059
Media—5.2%
ALM Media Holdings, Inc. 1st Lien Term Loan, 6.886%, 3M LIBOR + 4.500%, 07/31/20		379,523		336,827
AMC Entertainment Holdings, Inc. Term Loan, 4.384%, 1M LIBOR + 2.250%, 12/15/22		2,042,250		2,046,931
Term Loan B, 4.384%, 1M LIBOR + 2.250%, 12/15/23		517,125		518,310
CBS Radio, Inc. Term Loan B, 4.962%, 1M LIBOR + 2.750%, 11/17/24		1,939,541		1,924,979
Charter Communications Operating LLC Term Loan B, 4.250%, 1M LIBOR + 2.000%, 04/30/25		1,906,831		1,911,707
Crossmark Holdings, Inc. 1st Lien Term Loan, 5.886%, 3M LIBOR + 3.500%, 12/20/19		1,392,437		796,010
CSC Holdings LLC Term Loan B, 4.658%, 1M LIBOR + 2.500%, 01/25/26		1,197,000		1,199,693
Cumulus Media New Holdings, Inc. Term Loan, 6.750%, 1M LIBOR + 4.500%, 05/15/22		3,148,537		3,114,574
Entravision Communications Corp. Term Loan B, 4.992%, 1M LIBOR + 2.750%, 11/29/24		1,014,750		1,004,179
Global Eagle Entertainment, Inc. 1st Lien Term Loan, 10.020%, 6M LIBOR + 7.500%, 01/06/23		1,082,813		1,118,004
Gray Television, Inc. Term Loan B, 4.354%, 1M LIBOR + 2.250%, 02/07/24		1,470,015		1,475,396
Hubbard Radio LLC Term Loan B, 5.250%, 1M LIBOR + 3.000%, 03/28/25		616,969		619,026
iHeartCommunications, Inc. Extended Term Loan E, 0.000%, 07/30/19 (h)		425,533		318,086
Term Loan D, 0.000%, 01/30/19 (h)		1,323,104		989,295
Information Resources, Inc. 1st Lien Term Loan, 6.567%, 3M LIBOR + 4.250%, 01/18/24		1,773,000		1,788,514
Kasima LLC Term Loan B, 4.784%, 3M LIBOR + 2.500%, 05/17/21		146,691		147,669
Mission Broadcasting, Inc. Term Loan B2, 4.604%, 1M LIBOR + 2.500%, 01/17/24		289,427		290,422
Nexstar Broadcasting, Inc. Term Loan B2, 4.604%, 1M LIBOR + 2.500%, 01/17/24		2,063,688		2,074,867
Numericable Group S.A. Term Loan B11, 4.992%, 3M LIBOR + 2.750%, 07/31/25		1,777,500		1,744,172
ProQuest LLC Term Loan B, 5.992%, 1M LIBOR + 3.750%, 10/24/21		1,623,777		1,632,911

BHFTI-101

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Media—(Continued)
Raycom TV Broadcasting LLC Term Loan B, 4.492%, 1M LIBOR + 2.250%, 08/23/24		1,014,750	$	1,016,653
Sinclair Television Group, Inc. Term Loan B2, 4.500%, 1M LIBOR + 2.250%, 01/03/24		2,097,502		2,107,335
Unitymedia Finance LLC Term Loan D, 4.408%, 1M LIBOR + 2.250%, 01/15/26		925,000		926,652
Univision Communications, Inc. Term Loan C5, 4.992%, 1M LIBOR + 2.750%, 03/15/24		7,301,000		7,110,656
Ziggo Secured Finance Partnership Term Loan E, 4.658%, 1M LIBOR + 2.500%, 04/15/25		6,475,000		6,364,724
				42,577,592
Metal Fabricate/Hardware—1.3%
Ameriforge Group, Inc. Term Loan, 9.386%, 3M LIBOR + 7.000%, 06/08/22		758,579		764,268
Atkore International, Inc. 1st Lien Term Loan, 5.140%, 3M LIBOR + 2.750%, 12/22/23		1,364,688		1,371,852
Penn Engineering & Manufacturing Corp. Term Loan B, 4.992%, 1M LIBOR + 2.750%, 06/27/24		246,875		249,183
Rexnord LLC Term Loan B, 4.242%, 1M LIBOR + 2.000%, 08/21/24		2,928,863		2,947,692
WireCo WorldGroup, Inc. 1st Lien Term Loan, 7.242%, 1M LIBOR + 5.000%, 09/30/23		563,500		570,075
Zekelman Industries, Inc. Term Loan B, 4.623%, 3M LIBOR + 2.250%, 06/14/21		4,846,575		4,855,057
				10,758,127
Mining—0.1%
Neenah Foundry Co. Term Loan, 8.744%, 3M LIBOR + 6.500%, 12/13/22		745,938		742,208
Noranda Aluminum Acquisition Corp. Term Loan B, 0.000%, 02/28/19 (c) (d) (e) (h)		430,320		33,178
PMHC II, Inc. 1st Lien Term Loan, 6.151%, 6M LIBOR + 3.500%, 03/31/25		348,250		340,414
				1,115,800
Miscellaneous Manufacturing—1.0%
CTC AcquiCo GmbH Term Loan B2, 5.565%, 3M LIBOR + 3.250%, 03/07/25		1,100,000		1,097,250
Filtration Group Corp. 1st Lien Term Loan, 5.242%, 1M LIBOR + 3.000%, 03/29/25		1,517,375		1,528,913
Gates Global LLC Term Loan B, 4.992%, 1M LIBOR + 2.750%, 04/01/24		3,818,215		3,845,359
Werner FinCo L.P. Term Loan, 6.104%, 1M LIBOR + 4.000%, 07/24/24		1,390,433		1,391,302
				7,862,824
Office/Business Equipment—0.1%
Brand Energy & Infrastructure Services, Inc. Term Loan, 6.596%, 3M LIBOR + 4.250%, 06/21/24		493,750		497,453

Security Description	Principal Amount*		Value
Oil & Gas—1.4%
Apro LLC Term Loan B, 6.200%, 3M LIBOR + 4.000%, 08/08/24		242,917	$	244,131
Citgo Petroleum Corp. Term Loan B, 5.837%, 3M LIBOR + 3.500%, 07/29/21		2,385,806		2,391,771
Delek U.S. Holdings, Inc. Term Loan B, 4.742%, 1M LIBOR + 2.500%, 03/31/25		348,250		350,137
Emerald Expositions Holding, Inc. Term Loan B, 4.992%, 1M LIBOR + 2.750%, 05/22/24		1,023,509		1,031,825
Fieldwood Energy LLC 1st Lien TL, 7.492%, 1M LIBOR + 5.250%, 04/11/22		1,276,437		1,287,606
MEG Energy Corp. Term Loan B, 5.750%, 1M LIBOR + 3.500%, 12/31/23		1,010,896		1,012,160
Oxbow Carbon LLC 1st Lien Term Loan B, 5.742%, 1M LIBOR + 3.500%, 01/04/23		601,563		609,082
PSC Industrial Holdings Corp. 1st Lien Term Loan, 5.908%, 1M LIBOR + 3.750%, 10/03/24		1,662,438		1,669,711
Sheridan Production Partners I LLC Term Loan B2, 5.830%, 3M LIBOR + 3.500%, 10/01/19		1,040,968		955,088
Term Loan B2 I-A, 5.830%, 3M LIBOR + 3.500%, 10/01/19		137,937		126,557
Term Loan B2 I-M, 5.830%, 3M LIBOR + 3.500%, 10/01/19		84,253		77,302
Southcross Energy Partners L.P. 1st Lien Term Loan, 6.636%, 3M LIBOR + 4.250%, 08/04/21		478,005		452,113
Ultra Resources, Inc. 1st Lien Term Loan, 5.165%, 1M LIBOR + 3.000%, 04/12/24		1,375,000		1,249,531
				11,457,014
Oil & Gas Services—0.2%
Apergy Corp. 1st Lien Term Loan, 4.750%, 1M LIBOR + 2.500%, 05/09/25		309,337		312,330
McDermott Technology Americas, Inc. 1st Lien Term Loan, 7.242%, 1M LIBOR + 5.000%, 05/10/25		1,144,250		1,160,270
Thermon Industries, Inc. Term Loan B, 5.854%, 1M LIBOR + 3.750%, 10/24/24		309,050		311,754
				1,784,354
Packaging & Containers—3.0%
Berlin Packaging LLC 1st Lien Term Loan, 5.160%, 1M LIBOR + 3.000%, 11/07/25		224,438		224,736
Berry Global, Inc. Term Loan Q, 4.186%, 3M LIBOR + 2.000%, 10/01/22		768,591		770,539
BWAY Holding Co. Term Loan B, 5.581%, 3M LIBOR + 3.250%, 04/03/24		1,925,625		1,926,828
Consolidated Container Co. LLC 1st Lien Term Loan, 4.992%, 1M LIBOR + 2.750%, 05/22/24		866,266		870,733
Crown Americas LLC Term Loan B, 4.163%, 1W LIBOR + 2.000%, 04/03/25		598,500		602,427
Flex Acquisition Co., Inc. 1st Lien Term Loan, 5.337%, 3M LIBOR + 3.000%, 12/29/23		4,669,650		4,674,030
Incremental Term Loan, 5.751%, 3M LIBOR + 3.250%, 06/29/25		1,350,000		1,354,219
Multi Color Corp. Term Loan B, 4.492%, 1M LIBOR + 2.250%, 10/31/24		322,563		324,579

BHFTI-102

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Packaging & Containers—(Continued)
Reynolds Group Holdings, Inc. Term Loan, 4.992%, 1M LIBOR + 2.750%, 02/05/23		8,463,774	$	8,511,967
Ring Container Technologies Group LLC 1st Lien Term Loan, 4.992%, 1M LIBOR + 2.750%, 10/31/24		669,937		671,821
SIG Combibloc U.S. Acquisition, Inc. Term Loan, 7.000%, PRIME + 1.750%, 03/13/22		2,902,529		2,911,599
Trident TPI Holdings, Inc. Term Loan B1, 5.492%, 1M LIBOR + 3.250%, 10/17/24		1,912,179		1,908,892
				24,752,370
Pharmaceuticals—4.4%
Akorn, Inc. Term Loan B, 7.000%, 1M LIBOR + 4.750%, 04/16/21		895,627		869,877
Alkermes, Inc. Term Loan B, 4.380%, 1M LIBOR + 2.250%, 03/23/23		354,422		356,416
Amneal Pharmaceuticals LLC Term Loan B, 5.750%, 1M LIBOR + 3.500%, 05/04/25		3,315,919		3,351,151
Arbor Pharmaceuticals, Inc. Term Loan B, 7.485%, 1M LIBOR + 5.000%, 07/05/23		2,475,975		2,495,577
Auris Luxembourg III S.a.r.l. Term Loan B7, 5.386%, 3M LIBOR + 3.000%, 01/17/22		1,701,084		1,726,600
Change Healthcare Holdings LLC Term Loan B, 4.992%, 1M LIBOR + 2.750%, 03/01/24		7,117,500		7,149,130
Diplomat Pharmacy, Inc. Term Loan B, 6.750%, 1M LIBOR + 4.500%, 12/20/24		444,125		447,826
Endo Luxembourg Finance Co. I S.a.r.l. Term Loan B, 6.500%, 1M LIBOR + 4.250%, 04/29/24		5,957,131		6,009,256
Grifols Worldwide Operations USA, Inc. Term Loan, 4.417%, 1W LIBOR + 2.250%, 01/31/25		3,201,250		3,221,258
HLF Financing S.a.r.l. Term Loan B, 5.492%, 1M LIBOR + 3.250%, 08/09/25		975,000		983,835
Horizon Pharma, Inc. 1st Lien Term Loan, 5.500%, 1M LIBOR + 3.250%, 03/29/24		1,608,981		1,624,065
Indivior Finance S.a.r.l. Term Loan B, 6.850%, 3M LIBOR + 4.500%, 12/18/22		1,467,201		1,461,699
Valeant Pharmaceuticals International, Inc. Term Loan B, 5.104%, 1M LIBOR + 3.000%, 06/01/25		6,621,505		6,662,889
				36,359,579
Pipelines—0.0%
Lotus Midstream LLC Term Loan B, 09/25/25 (b)		225,000		226,969
Professional Services—0.5%
Realogy Group LLC Term Loan B, 4.398%, 1M LIBOR + 2.250%, 02/08/25		2,541,763		2,553,201
Trans Union LLC Term Loan B3, 4.242%, 1M LIBOR + 2.000%, 04/10/23		1,469,831		1,474,884
				4,028,085
Real Estate—0.9%
DTZ U.S. Borrower LLC Term Loan B, 5.492%, 1M LIBOR + 3.250%, 08/21/25		5,150,000		5,173,602

Security Description	Principal Amount*		Value
Real Estate—(Continued)
RE/MAX International, Inc. Term Loan B, 4.992%, 1M LIBOR + 2.750%, 12/15/23		1,886,061	$	1,895,491
				7,069,093
Real Estate Investment Trusts—0.5%
ESH Hospitality, Inc. Term Loan B, 4.242%, 1M LIBOR + 2.000%, 08/30/23		1,521,601		1,523,385
Iron Mountain, Inc. Term Loan B, 3.992%, 1M LIBOR + 1.750%, 01/02/26		820,875		812,324
VICI Properties 1 LLC Replacement Term Loan B, 4.212%, 1M LIBOR + 2.000%, 12/20/24		2,052,273		2,058,686
				4,394,395
Retail—4.0%
Alphabet Holding Co., Inc. 1st Lien Term Loan, 5.742%, 1M LIBOR + 3.500%, 09/26/24		2,227,500		2,157,543
Ascena Retail Group, Inc. Term Loan B, 6.750%, 1M LIBOR + 4.500%, 08/21/22		2,191,371		2,119,695
Bass Pro Group LLC Term Loan B, 7.242%, 1M LIBOR + 5.000%, 09/25/24		1,212,750		1,226,583
BJ’s Wholesale Club, Inc. 1st Lien Term Loan, 5.148%, 1M LIBOR + 3.000%, 02/03/24		2,735,513		2,753,808
David’s Bridal, Inc. Term Loan B, 6.320%, 3M LIBOR + 4.000%, 10/11/19		1,579,607		1,409,010
Del Frisco’s Restaurant Group, Inc. Incremental Term Loan, 8.250%, PRIME + 6.000%, 06/27/25		548,625		543,139
Dhanani Group, Inc. Term Loan B, 5.992%, 1M LIBOR + 3.750%, 06/27/25		548,625		549,311
Evergreen Acqco 1 L.P. Term Loan, 6.097%, 3M LIBOR + 3.750%, 07/09/19		1,434,436		1,406,345
Golden Nugget, Inc. Incremental Term Loan B, 4.952%, PRIME + 1.750%, 10/04/23		3,598,332		3,618,123
Hamilton Holdco LLC Term Loan B, 4.340%, 3M LIBOR + 2.000%, 07/02/25		773,063		775,478
Harbor Freight Tools USA, Inc. Term Loan B, 4.742%, 1M LIBOR + 2.500%, 08/18/23		417,563		418,403
IRB Holding Corp. 1st Lien Term Loan, 5.460%, 3M LIBOR + 3.250%, 02/05/25		2,790,987		2,805,160
J. Crew Group, Inc. Term Loan B, 5.316%, 3M LIBOR + 3.000%, 03/05/21 (c) (d) (e)		3,102,735		2,515,697
Neiman Marcus Group, Ltd. LLC Term Loan, 5.370%, 1M LIBOR + 3.250%, 10/25/20		1,959,265		1,822,524
Party City Holdings, Inc. Term Loan B, 5.139%, 6M LIBOR + 2.750%, 08/19/22		778,053		784,305
PetSmart, Inc. Term Loan B2, 5.120%, 1M LIBOR + 3.000%, 03/11/22		3,384,247		2,979,549
Pier 1 Imports (U.S.), Inc. Term Loan B, 5.886%, 3M LIBOR + 3.500%, 04/30/21		1,469,859		1,205,285
Serta Simmons Bedding LLC 1st Lien Term Loan, 5.610%, 1M LIBOR + 3.500%, 11/08/23		4,186,250		3,804,255
				32,894,213

BHFTI-103

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Semiconductors—1.0%
Bright Bidco B.V. Term Loan B, 5.840%, 3M LIBOR + 3.500%, 06/30/24		1,902,129	$	1,883,108
Cetera Financial Group, Inc. Term Loan, 08/15/25 (b)		1,075,000		1,072,312
Cohu, Inc. Term Loan B, 09/20/25 (b)		700,000		702,625
Cypress Semiconductor Corp. Term Loan B, 4.250%, 1M LIBOR + 2.000%, 07/05/21		989,403		993,979
Entegris, Inc. Term Loan B, 4.492%, 1M LIBOR + 2.250%, 04/30/21		124,231		124,852
Lattice Semiconductor Corp. Term Loan, 6.371%, 1M LIBOR + 4.250%, 03/10/21		1,653,526		1,663,861
MACOM Technology Solutions Holdings, Inc. Add on Term Loan, 4.492%, 1M LIBOR + 2.250%, 05/17/24		1,144,467		1,121,578
Ultra Clean Holdings, Inc. Term Loan B, 08/27/25 (b)		825,000		817,781
				8,380,096
Semiconductors & Semiconductor Equipment—0.1%
Microchip Technology, Inc. Term Loan B, 4.250%, 1M LIBOR + 2.000%, 05/29/25		774,350		775,799
Software—8.2%
Almonde, Inc. 1st Lien Term Loan, 5.886%, 3M LIBOR + 3.500%, 06/13/24		2,329,090		2,333,275
Applied Systems, Inc. 1st Lien Term Loan, 5.386%, 3M LIBOR + 3.000%, 09/19/24		3,493,224		3,518,211
Barracuda Networks, Inc. 1st Lien Term Loan, 5.408%, 1M LIBOR + 3.250%, 02/12/25		349,125		350,107
BMC Software Finance, Inc. Term Loan B, 09/01/25 (b)		2,650,000		2,678,464
Bracket Intermediate Holding Corp. 1st Lien Term Loan B, 6.571%, 3M LIBOR + 4.250%, 09/05/25		825,000		825,000
Campaign Monitor Finance Pty, Ltd. 1st Lien Term Loan, 7.492%, 3M LIBOR + 5.250%, 03/18/21 (c) (d) (e)		700,111		667,695
DigiCert, Inc. Term Loan B1, 6.242%, 3M LIBOR + 4.000%, 10/31/24		2,195,250		2,207,049
Epicor Software Corp. 1st Lien Term Loan, 5.500%, 1M LIBOR + 3.250%, 06/01/22		198,462		199,347
Eze Castle Software, Inc. 1st Lien Term Loan, 5.242%, 1M LIBOR + 3.000%, 04/06/20		2,538,872		2,549,979
First Data Corp. Term Loan, 4.212%, 1M LIBOR + 2.000%, 07/08/22		2,107,418		2,111,238
Term Loan, 4.212%, 1M LIBOR + 2.000%, 04/26/24		1,845,862		1,849,209
Flexera Software LLC 1st Lien Term Loan, 5.500%, 1M LIBOR + 3.250%, 02/26/25		248,812		249,745
GlobalLogic Holdings, Inc. 1st Lien Term Loan, 5.492%, 3M LIBOR + 3.250%, 08/01/25		393,750		397,565
Delayed Draw Term Loan, 08/01/25 (f)		56,250		56,795
Hyland Software, Inc. 1st Lien Term Loan, 5.492%, 1M LIBOR + 3.250%, 07/01/22		3,442,757		3,470,371
Infoblox, Inc. 1st Lien Term Loan, 6.742%, 1M LIBOR + 4.500%, 11/07/23		1,521,837		1,535,153

Security Description	Principal Amount*		Value
Software—(Continued)
Infor (U.S.), Inc. Term Loan B6, 5.136%, 3M LIBOR + 2.750%, 02/01/22		7,626,074	$	7,655,350
Informatica LLC Term Loan, 5.492%, 1M LIBOR + 3.250%, 08/05/22		3,990,804		4,022,160
IQVIA, Inc. Term Loan B, 4.386%, 3M LIBOR + 2.000%, 03/07/24		811,768		814,981
Term Loan B2, 4.386%, 3M LIBOR + 2.000%, 01/17/25		1,039,500		1,043,506
Kronos, Inc. Term Loan B, 5.343%, 3M LIBOR + 3.000%, 11/01/23		5,491,758		5,524,533
MA FinanceCo. LLC Term Loan B2, 4.492%, 1M LIBOR + 2.250%, 11/19/21		1,891,579		1,887,639
Term Loan B3, 4.742%, 1M LIBOR + 2.500%, 06/21/24		455,583		453,875
Mitel Networks Corp. 1st Lien Term Loan B, 5.992%, 1M LIBOR + 3.750%, 09/25/23		397,587		401,894
Navicure, Inc. 1st Lien Term Loan B, 5.992%, 1M LIBOR + 3.750%, 11/01/24		745,123		748,849
Renaissance Holding Corp. 1st Lien Term Loan, 5.492%, 1M LIBOR + 3.250%, 05/30/25		1,122,188		1,122,421
Rocket Software, Inc. 1st Lien Term Loan, 6.136%, 3M LIBOR + 3.750%, 10/14/23		1,226,959		1,237,389
Seattle Spinco, Inc. Term Loan B3, 4.742%, 1M LIBOR + 2.500%, 06/21/24		3,076,667		3,062,822
SolarWinds Holdings, Inc. Term Loan B, 5.242%, 1M LIBOR + 3.000%, 02/05/24		3,037,100		3,057,029
Solera LLC Term Loan B, 4.992%, 1M LIBOR + 2.750%, 03/03/23		769,084		771,866
Sound Inpatient Physicians 1st Lien Term Loan, 5.242%, 1M LIBOR + 3.000%, 06/27/25		423,938		427,249
SS&C Technologies Holdings Europe S.a.r.l. Term Loan B4, 4.492%, 1M LIBOR + 2.250%, 04/16/25		1,317,133		1,319,705
SS&C Technologies, Inc. Term Loan B3, 4.492%, 1M LIBOR + 2.250%, 04/16/25		3,393,217		3,399,844
TriTech Software Systems Term Loan B, 5.992%, 1M LIBOR + 3.750%, 08/29/25		800,000		803,750
Veritas Bermuda, Ltd. Term Loan B, 6.778%, 1M LIBOR + 4.500%, 01/27/23		2,175,806		2,123,161
Vero Parent, Inc. Term Loan B, 7.261%, 1M LIBOR + 5.000%, 08/16/24		1,386,000		1,392,064
Wall Street Systems Delaware, Inc. Term Loan B, 5.386%, 3M LIBOR + 3.000%, 11/21/24		1,712,063		1,709,922
				67,979,212
Stock Funds—0.0%
EIG Management Co. LLC Term Loan B, 6.060%, 3M LIBOR + 3.750%, 02/22/25		249,375		250,934
Telecommunications—5.4%
CenturyLink, Inc. Term Loan B, 4.992%, 1M LIBOR + 2.750%, 01/31/25		4,813,625		4,787,550
Colorado Buyer, Inc. Term Loan B, 5.110%, 1M LIBOR + 3.000%, 05/01/24		1,505,938		1,510,644

BHFTI-104

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Telecommunications—(Continued)
CommScope, Inc. Term Loan B5, 4.242%, 1M LIBOR + 2.000%, 12/29/22		369,550	$	372,089
CPI International, Inc. 1st Lien Term Loan, 5.742%, 1M LIBOR + 3.500%, 07/26/24		618,750		621,457
CSC Holdings LLC 1st Lien Term Loan, 4.408%, 1M LIBOR + 2.250%, 07/17/25		2,430,176		2,432,708
Digicel International Finance, Ltd. Term Loan B, 5.570%, 1M LIBOR + 3.250%, 05/28/24		1,509,753		1,442,443
Frontier Communications Corp. Term Loan B1, 6.000%, 1M LIBOR + 3.750%, 06/15/24		1,802,188		1,772,340
Intelsat Jackson Holdings S.A. Term Loan B4, 6.730%, 1M LIBOR + 4.500%, 01/02/24		1,600,000		1,687,501
Level 3 Financing, Inc. Term Loan B, 4.432%, 1M LIBOR + 2.250%, 02/22/24		2,550,000		2,559,032
MCC Iowa LLC Term Loan M, 4.170%, 1W LIBOR + 2.000%, 01/15/25		900,529		903,906
Onvoy LLC 1st Lien Term Loan B, 6.886%, 3M LIBOR + 4.500%, 02/10/24		862,369		845,660
Radiate Holdco LLC 1st Lien Term Loan, 5.242%, 1M LIBOR + 3.000%, 02/01/24		1,781,374		1,780,362
Sprint Communications, Inc. 1st Lien Term Loan B, 4.750%, 1M LIBOR + 2.500%, 02/02/24		4,251,747		4,265,033
Switch, Ltd. Term Loan B, 4.492%, 1M LIBOR + 2.250%, 06/27/24		222,188		222,836
Syniverse Holdings, Inc. 1st Lien Term Loan, 7.148%, 1M LIBOR + 5.000%, 03/09/23		945,250		949,090
TDC A/S Term Loan, 5.839%, 3M LIBOR + 3.500%, 05/31/25		1,745,625		1,768,100
Telenet Financing USD LLC Term Loan AN, 4.408%, 3M LIBOR + 2.250%, 08/15/26		2,375,000		2,367,084
Telesat Canada Term Loan B4, 4.890%, 3M LIBOR + 2.500%, 11/17/23		4,336,126		4,354,012
UPC Financing Partnership Term Loan AR, 4.658%, 1M LIBOR + 2.500%, 01/15/26		1,915,696		1,916,495
Virgin Media Bristol LLC Term Loan K, 4.658%, 1M LIBOR + 2.500%, 01/15/26		6,450,000		6,467,331
West Corp. Term Loan, 6.242%, 1M LIBOR + 4.000%, 10/10/24		1,640,617		1,637,769
Term Loan B1, 5.742%, 1M LIBOR + 3.500%, 10/10/24		299,250		297,246
				44,960,688
Thrifts & Mortgage Finance—0.0%
Ocwen Financial Corp. Term Loan B, 7.165%, 1M LIBOR + 5.000%, 12/05/20		268,517		270,363
Trading Companies & Distributors—0.1%
DXP Enterprises, Inc. Term Loan B, 6.992%, 1M LIBOR + 4.750%, 08/29/23		470,250		473,777
Transportation—0.6%
Hanjin International Corp. Term Loan B, 4.833%, 3M LIBOR + 2.500%, 10/18/20		475,000		475,742

Security Description	Shares/ Principal Amount*		Value
Transportation—(Continued)
Kenan Advantage Group, Inc. Term Loan, 5.242%, 1M LIBOR + 3.000%, 07/31/22		569,632	$	570,788
Term Loan B, 5.242%, 1M LIBOR + 3.000%, 07/31/22		174,339		174,693
PODS LLC 1st Lien Term Loan, 4.883%, 1M LIBOR + 2.750%, 12/06/24		594,001		596,006
PQ Corp. Term Loan B, 4.742%, 1M LIBOR + 2.500%, 02/08/25		2,791,943		2,798,052
XPO Logistics, Inc. Term Loan B, 4.230%, 1M LIBOR + 2.000%, 02/24/25		575,000		578,704
				5,193,985
Trucking & Leasing—1.0%
Avolon TLB Borrower 1 (U.S.) LLC Term Loan B3, 4.165%, 1M LIBOR + 2.000%, 01/15/25		5,865,861		5,891,536
IBC Capital, Ltd. 1st Lien Term Loan, 6.087%, 3M LIBOR + 3.750%, 09/11/23		547,250		551,696
SBA Senior Finance II LLC Term Loan B, 4.250%, 1M LIBOR + 2.000%, 04/11/25		1,896,185		1,900,334
				8,343,566
Total Floating Rate Loans (Cost $798,263,278)				794,841,634
Common Stocks—0.9%
Capital Markets—0.4%
Aretec Group, Inc. (i) (j)		35,138		3,434,740
Commercial Services—0.1%
IAP Worldwide Services LLC (c) (d) (e) (i) (j)		44		521,917
Gas Utilities—0.0%
Southcross Holding GP LLC (c) (d) (e) (i) (j)		59		0
Southcross Holding L.P. - Class A (i) (j)		59		14,455
				14,455
Health Care Providers & Services—0.0%
Millennium Health LLC (i) (j)		31,600		4,819
Internet Software & Services—0.0%
Answers Corp. (c) (d) (e) (i) (j)		29,070		211,920
Media—0.1%
Cumulus Media, Inc. - Class A (i) (j)		40,548		692,560
Metals & Mining—0.2%
AFG Holdings, Inc. (c) (d) (e) (i) (j)		24,746		1,682,728
Oil & Gas—0.0%
Fieldwood Energy LLC (i) (j)		6,048		312,480
Fieldwood Energy LLC (i) (j)		1,397		72,179
				384,659

BHFTI-105

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares/ Principal Amount*		Value
Oil, Gas & Consumable Fuels—0.1%
Paragon Offshore Finance Co. - Class A (i) (j)		1,527	$	1,622
Paragon Offshore Finance Co. - Class B (i) (j)		764		30,465
Samson Resources II LLC - Class A (i) (j)		19,666		467,067
				499,154
Total Common Stocks (Cost $2,615,983)				7,446,952
Short-Term Investment—4.4%
Repurchase Agreement—4.4%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $36,395,432; collateralized by U.S. Treasury Note at 2.375%, maturing 08/15/24, with a market value of $37,122,514.		36,392,399		36,392,399
Total Short-Term Investments (Cost $36,392,399)				36,392,399
Total Investments—101.5% (Cost $837,271,660)				838,680,985
Unfunded Loan Commitments—(0.1)% (Cost $(574,103))				(574,103	)
Net Investments—101.4% (Cost $836,697,557)				838,106,882
Other assets and liabilities (net)—(1.4)%				(11,455,869	)
Net Assets—100.0%			$	826,651,013

*	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 have an expected average life of approximately two to four years. The stated interest rate represents the weighted average interest rate of all contracts within the senior loan facility and includes commitment fees on unfunded loan commitments, if any. Senior Loans typically have rates of interest which are determined either daily, monthly, quarterly or semi-annually by reference to a base lending rate, plus a premium. These base rates are primarily the London Interbank Offered Rate (“LIBOR”) and secondarily, the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit (“CD”) rate or other base lending rates used by commercial lenders.
(b)	This loan will settle after September 30, 2018, at which time the interest rate will be determined.
(c)	Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2018, these securities represent 0.7% of net assets.
(d)	Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3.
(e)	Illiquid security. As of September 30, 2018, these securities represent 0.7% of net assets.
(f)	Unfunded or partially unfunded loan commitments. The Portfolio may enter into certain credit agreements for which all or a portion may be unfunded. The Portfolio is obligated to fund these commitments at the borrower’s discretion.
(g)	Payment-in-kind security for which part of the income earned may be paid as additional principal.
(h)	Non-income producing; security is in default and/or issuer is in bankruptcy.
(i)	Security was acquired in connection with a restructuring of a senior loan and may be subject to restrictions on resale.
(j)	Non-income producing security.
(LIBOR)—	London Interbank Offered Rate
(PRIME)—	U.S. Federal Reserve Prime Rate

BHFTI-106

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2		Level 3		Total
Floating Rate Loans
Advertising	$	—	$	5,137,032	$	—	$	5,137,032
Aerospace/Defense		—		15,009,578		—		15,009,578
Auto Components		—		11,813,330		—		11,813,330
Auto Manufacturers		—		2,467,025		—		2,467,025
Auto Parts & Equipment		—		8,539,844		—		8,539,844
Banks		—		1,047,838		—		1,047,838
Beverages		—		2,494,317		—		2,494,317
Building Materials		—		8,887,799		—		8,887,799
Capital Markets		—		7,798,850		—		7,798,850
Chemicals		—		38,695,514		—		38,695,514
Coal		—		1,729,247		—		1,729,247
Commercial Services (Less Unfunded Loan Commitments of $223,222)		—		36,581,106		292,597		36,873,703
Commercial Services & Supplies		—		868,129		—		868,129
Communications Equipment		—		1,279,582		—		1,279,582
Computers		—		12,085,496		—		12,085,496
Distribution/Wholesale		—		672,021		—		672,021
Distributors		—		3,585,022		—		3,585,022
Diversified Consumer Services		—		3,137,686		—		3,137,686
Diversified Financial Services		—		35,174,694		—		35,174,694
Electric		—		11,520,592		—		11,520,592
Electrical Components & Equipment		—		2,322,103		—		2,322,103
Electronics		—		6,042,993		—		6,042,993
Energy Equipment & Services		—		1,132,007		—		1,132,007
Energy-Alternate Sources		—		953,432		—		953,432
Engineering & Construction		—		604,349		—		604,349
Entertainment		—		7,807,259		—		7,807,259
Environmental Control (Less Unfunded Loan Commitments of $248,619)		—		7,348,887		—		7,348,887
Equity Real Estate Investment Trusts		—		896,464		—		896,464
Food		—		27,305,054		—		27,305,054
Food Products		—		140,170		—		140,170
Forest Products & Paper		—		980,494		—		980,494
Hand/Machine Tools		—		4,754,549		—		4,754,549
Health Care Providers & Services		—		526,312		—		526,312
Health Care Technology		—		1,867,757		—		1,867,757
Healthcare-Products		—		25,844,061		—		25,844,061
Healthcare-Services		—		40,129,330		—		40,129,330
Hotels, Restaurants & Leisure		—		9,401,055		—		9,401,055
Household Products		—		505,000		—		505,000
Household Products/Wares (Less Unfunded Loan Commitments of $46,012)		—		7,745,366		—		7,745,366
Industrial Conglomerates		—		2,753,729		—		2,753,729

BHFTI-107

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1		Level 2		Level 3		Total
Insurance	$	—	$	28,556,014	$	—	$	28,556,014
Internet		—		25,326,351		—		25,326,351
Internet Software & Services		—		4,876,059		—		4,876,059
Investment Company Securities		—		2,173,648		—		2,173,648
Iron/Steel		—		1,361,303		—		1,361,303
IT Services		—		753,814		—		753,814
Leisure Products		—		6,040,247		—		6,040,247
Leisure Time		—		7,542,814		—		7,542,814
Life Sciences Tools & Services		—		1,130,025		—		1,130,025
Lodging		—		15,485,803		—		15,485,803
Machinery		—		5,506,576		—		5,506,576
Machinery-Construction & Mining		—		2,127,781		—		2,127,781
Machinery-Diversified		—		11,566,329		—		11,566,329
Marine		—		1,593,059		—		1,593,059
Media		—		42,577,592		—		42,577,592
Metal Fabricate/Hardware		—		10,758,127		—		10,758,127
Mining		—		1,082,622		33,178		1,115,800
Miscellaneous Manufacturing		—		7,862,824		—		7,862,824
Office/Business Equipment		—		497,453		—		497,453
Oil & Gas		—		11,457,014		—		11,457,014
Oil & Gas Services		—		1,784,354		—		1,784,354
Packaging & Containers		—		24,752,370		—		24,752,370
Pharmaceuticals		—		36,359,579		—		36,359,579
Pipelines		—		226,969		—		226,969
Professional Services		—		4,028,085		—		4,028,085
Real Estate		—		7,069,093		—		7,069,093
Real Estate Investment Trusts		—		4,394,395		—		4,394,395
Retail		—		30,378,516		2,515,697		32,894,213
Semiconductors		—		8,380,096		—		8,380,096
Semiconductors & Semiconductor Equipment		—		775,799		—		775,799
Software (Less Unfunded Loan Commitments of $56,250)		—		67,255,267		667,695		67,922,962
Stock Funds		—		250,934		—		250,934
Telecommunications		—		44,960,688		—		44,960,688
Thrifts & Mortgage Finance		—		270,363		—		270,363
Trading Companies & Distributors		—		473,777		—		473,777
Transportation		—		5,193,985		—		5,193,985
Trucking & Leasing		—		8,343,566		—		8,343,566
Total Floating Rate Loans (Less Unfunded Loan Commitments)		—		790,758,364		3,509,167		794,267,531
Common Stocks
Capital Markets		—		3,434,740		—		3,434,740
Commercial Services		—		—		521,917		521,917
Gas Utilities		—		14,455		0		14,455
Health Care Providers & Services		—		4,819		—		4,819
Internet Software & Services		—		—		211,920		211,920
Media		692,560		—		—		692,560
Metals & Mining		—		—		1,682,728		1,682,728
Oil & Gas		—		384,659		—		384,659
Oil, Gas & Consumable Fuels		—		499,154		—		499,154
Total Common Stocks		692,560		4,337,827		2,416,565		7,446,952
Total Short-Term Investment*		—		36,392,399		—		36,392,399
Total Net Investments	$	692,560	$	831,488,590	$	5,925,732	$	838,106,882

* 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, 2018 is not presented.

Transfers from Level 2 to Level 3 in the amount of $2,440,274 were due to a decline in market activity for significant observable inputs, which resulted in a lack of available market inputs to determine price.

BHFTI-108

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—36.2% of Net Assets

Security Description	Principal Amount*		Value
Aerospace/Defense—0.2%
Lockheed Martin Corp. 1.850%, 11/23/18		1,600,000	$	1,598,110
Agriculture—0.4%
Bunge, Ltd. Finance Corp. 3.500%, 11/24/20 (a)		1,300,000		1,295,884
Imperial Brands Finance plc 2.950%, 07/21/20 (144A)		3,100,000		3,069,495
				4,365,379
Auto Parts & Equipment—0.4%
Aptiv plc 3.150%, 11/19/20		4,500,000		4,464,090
Banks—13.3%
ANZ New Zealand International, Ltd. 2.850%, 08/06/20 (144A)		4,600,000		4,552,223
Banca Monte dei Paschi di Siena S.p.A. 2.875%, 04/16/21 (EUR)		4,100,000		5,019,082
Banco Popular Espanol S.A. 1.000%, 03/03/22 (EUR)		1,100,000		1,309,030
Bank of America Corp. 2.151%, 11/09/20		2,700,000		2,642,164
2.600%, 01/15/19		361,000		360,945
2.650%, 04/01/19		1,500,000		1,500,125
3.004%, 3M LIBOR + 0.790%, 12/20/23 (b)		2,155,000		2,090,793
3.379%, 3M LIBOR + 1.040%, 01/15/19 (b)		6,600,000		6,619,384
3.550%, 3M LIBOR + 0.780%, 03/05/24 (b)		3,700,000		3,656,623
Bank of New York Mellon Corp. (The) 3.182%, 3M LIBOR + 0.870%, 08/17/20 (b)		3,900,000		3,944,948
Capital One Financial Corp. 2.500%, 05/12/20		1,700,000		1,678,801
3.050%, 03/09/22		5,400,000		5,278,843
Citigroup, Inc. 2.350%, 08/02/21		2,100,000		2,034,670
2.400%, 02/18/20		4,600,000		4,555,012
3.109%, 3M LIBOR + 0.770%, 04/08/19 (b)		1,600,000		1,605,208
Deutsche Bank AG 3.632%, 3M LIBOR + 1.310%, 08/20/20 (a) (b)		3,700,000		3,726,384
Dexia Credit Local S.A. 2.375%, 09/20/22 (144A)		2,000,000		1,930,314
Goldman Sachs Group, Inc. (The) 2.625%, 04/25/21		2,100,000		2,056,596
3.534%, 3M LIBOR + 1.200%, 09/15/20 (b)		11,400,000		11,579,132
HSBC Holdings plc 3.400%, 03/08/21		1,500,000		1,496,308
Industrial & Commercial Bank of China, Ltd. 2.957%, 11/08/22 (a)		3,800,000		3,651,397
3.231%, 11/13/19		2,700,000		2,689,413
ING Bank NV 3.086%, 3M LIBOR + 0.690%, 10/01/19 (144A) (b)		6,300,000		6,327,072
Intesa Sanpaolo S.p.A. 3.875%, 01/15/19		6,100,000		6,105,393
JPMorgan Chase & Co. 1.850%, 03/22/19		6,500,000		6,476,284
2.200%, 10/22/19		4,000,000		3,971,456
2.400%, 06/07/21		1,100,000		1,072,385

Security Description	Principal Amount*		Value
Banks—(Continued)
Morgan Stanley 2.800%, 06/16/20		2,700,000	$	2,678,697
3.477%, 3M LIBOR + 1.140%, 01/27/20 (b)		7,900,000		7,995,037
Norddeutsche Landesbank Girozentrale 2.000%, 02/05/19 (144A)		4,000,000		3,988,720
PNC Bank N.A. 2.000%, 05/19/20		2,100,000		2,061,927
Regions Financial Corp. 3.200%, 02/08/21		4,300,000		4,279,827
Royal Bank of Canada 2.100%, 10/14/20		3,700,000		3,620,097
Standard Chartered plc 3.885%, 3M LIBOR + 1.080%, 03/15/24 (144A) (b)		3,100,000		3,028,414
Toronto-Dominion Bank (The) 2.250%, 03/15/21 (144A)		4,000,000		3,905,815
Turkiye Vakiflar Bankasi TAO 2.375%, 05/04/21 (EUR)		700,000		772,899
Wells Fargo & Co. 2.500%, 03/04/21		1,100,000		1,077,134
3.227%, 3M LIBOR + 0.880%, 07/22/20 (b)		4,500,000		4,546,890
Westpac Banking Corp. 2.250%, 11/09/20 (144A)		3,700,000		3,624,789
Woori Bank 4.750%, 04/30/24 (144A)		2,400,000		2,401,884
				141,912,115
Beverages—0.5%
Anheuser-Busch InBev Finance, Inc. 2.650%, 02/01/21		3,400,000		3,351,244
Coca-Cola Femsa S.A.B. de C.V. 2.375%, 11/26/18 (a)		1,528,000		1,524,608
4.625%, 02/15/20 (a)		600,000		610,088
				5,485,940
Biotechnology—1.3%
Amgen, Inc. 2.910%, 3M LIBOR + 0.600%, 05/22/19 (b)		4,500,000		4,515,321
Biogen, Inc. 2.900%, 09/15/20		4,500,000		4,476,513
Celgene Corp. 2.250%, 08/15/21		3,800,000		3,672,621
2.750%, 02/15/23		1,500,000		1,437,727
				14,102,182
Chemicals—0.2%
LyondellBasell Industries NV 6.000%, 11/15/21		2,000,000		2,123,463
Computers—0.6%
Dell International LLC / EMC Corp. 3.480%, 06/01/19 (144A)		2,800,000		2,807,119
Hewlett Packard Enterprise Co. 4.267%, 3M LIBOR + 1.930%, 10/05/18 (b)		3,600,000		3,600,570
				6,407,689

BHFTI-109

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Cosmetics/Personal Care—0.1%
Procter & Gamble Co. (The) 1.700%, 11/03/21 (a)		1,500,000	$	1,441,890
Diversified Financial Services—0.8%
Capital One Bank USA N.A. 2.300%, 06/05/19		5,900,000		5,879,331
Navient Corp. 6.500%, 06/15/22		800,000		831,000
6.625%, 07/26/21 (a)		500,000		521,250
8.000%, 03/25/20		500,000		528,500
Seven & Seven, Ltd. 3.542%, 6M LIBOR + 1.000%, 09/11/19 (144A) (b)		320,000		318,937
Springleaf Finance Corp. 6.000%, 06/01/20		600,000		616,500
				8,695,518
Electric—1.9%
Calpine Corp. 5.375%, 01/15/23		3,300,000		3,102,000
Dominion Energy, Inc. 2.500%, 12/01/19		1,900,000		1,885,298
2.579%, 07/01/20		2,100,000		2,072,677
Korea East-West Power Co., Ltd. 3.875%, 07/19/23 (144A)		1,300,000		1,297,275
PSEG Power LLC 3.000%, 06/15/21 (a)		3,300,000		3,248,622
Southern Co. (The) 2.350%, 07/01/21		2,800,000		2,714,872
State Grid Overseas Investment, Ltd. 2.750%, 05/07/19 (144A)		1,100,000		1,096,394
2.750%, 05/04/22 (144A)		3,800,000		3,673,135
Talen Energy Supply LLC 9.500%, 07/15/22 (144A) (a)		1,000,000		995,000
				20,085,273
Electronics—0.1%
Tech Data Corp. 3.700%, 02/15/22		500,000		489,332
Food—1.2%
Kraft Heinz Foods Co. 3.500%, 06/06/22 (a)		4,100,000		4,073,779
3.500%, 07/15/22		2,400,000		2,381,367
4.000%, 06/15/23		2,700,000		2,704,699
Kroger Co. (The) 2.600%, 02/01/21		3,200,000		3,137,193
				12,297,038
Healthcare-Products—0.7%
Edwards Lifesciences Corp. 2.875%, 10/15/18		1,400,000		1,400,132
Stryker Corp. 2.000%, 03/08/19		4,400,000		4,387,210
Zimmer Biomet Holdings, Inc. 2.700%, 04/01/20		2,000,000		1,980,439
				7,767,781

Security Description	Principal Amount*		Value
Healthcare-Services—0.8%
Anthem, Inc. 2.500%, 11/21/20		3,200,000	$	3,149,225
CHS/Community Health Systems, Inc. 8.125%, 06/30/24 (144A) (a)		500,000		417,500
Halfmoon Parent, Inc. 3.750%, 07/15/23 (144A)		600,000		597,717
Tenet Healthcare Corp. 5.500%, 03/01/19 (a)		4,300,000		4,326,875
7.500%, 01/01/22 (144A) (a)		400,000		417,500
				8,908,817
Insurance—2.6%
Jackson National Life Global Funding 2.250%, 04/29/21 (144A)		4,200,000		4,082,933
2.300%, 04/16/19 (144A) (a)		1,500,000		1,496,577
Metropolitan Life Global Funding I 3.875%, 04/11/22 (144A) (a)		1,200,000		1,213,162
New York Life Global Funding 2.100%, 01/02/19 (144A)		4,000,000		3,995,864
2.150%, 06/18/19 (144A)		5,000,000		4,980,510
Nuveen Finance LLC 2.950%, 11/01/19 (144A)		3,100,000		3,095,678
Pricoa Global Funding I 2.550%, 11/24/20 (144A)		3,700,000		3,641,691
Protective Life Global Funding 1.722%, 04/15/19 (144A) (a)		1,900,000		1,889,788
2.262%, 04/08/20 (144A)		3,100,000		3,052,482
				27,448,685
Internet—1.2%
Alibaba Group Holding, Ltd. 2.500%, 11/28/19		4,000,000		3,979,191
3.125%, 11/28/21 (a)		2,100,000		2,075,187
Amazon.com, Inc. 2.400%, 02/22/23 (a)		1,700,000		1,633,962
JD.com, Inc. 3.125%, 04/29/21		2,200,000		2,137,015
Tencent Holdings, Ltd. 2.985%, 01/19/23 (144A) (a)		3,300,000		3,195,636
				13,020,991
Lodging—0.5%
Marriott International, Inc. 2.875%, 03/01/21		4,800,000		4,727,448
Machinery-Diversified—0.2%
CNH Industrial Capital LLC 3.875%, 10/15/21		2,200,000		2,193,847
Media—0.8%
Altice Financing S.A. 7.500%, 05/15/26 (144A)		800,000		780,000
DISH DBS Corp. 5.875%, 07/15/22 (a)		1,100,000		1,073,187

BHFTI-110

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Media—(Continued)
NBCUniversal Enterprise, Inc. 1.974%, 04/15/19 (144A)		3,000,000	$	2,986,540
Warner Media LLC 2.100%, 06/01/19		4,000,000		3,979,372
				8,819,099
Mining—0.4%
FMG Resources August 2006 Pty, Ltd. 4.750%, 05/15/22 (144A) (a)		900,000		891,000
Glencore Funding LLC 3.000%, 10/27/22 (144A)		3,600,000		3,450,240
				4,341,240
Oil & Gas—1.6%
Anadarko Petroleum Corp. 4.850%, 03/15/21		2,300,000		2,363,315
California Resources Corp. 8.000%, 12/15/22 (144A)		1,016,000		969,010
Devon Energy Corp. 3.250%, 05/15/22		2,500,000		2,454,028
Equinor ASA 2.803%, 3M LIBOR + 0.460%, 11/08/18 (a) (b)		3,100,000		3,101,281
Harvest Operations Corp. 4.200%, 06/01/23 (144A)		800,000		810,720
Sanchez Energy Corp. 7.750%, 06/15/21 (a)		1,200,000		840,000
Sinopec Group Overseas Development, Ltd. 2.375%, 04/12/20 (144A)		2,000,000		1,972,010
2.500%, 04/28/20 (144A)		3,500,000		3,443,120
Sunoco LP / Sunoco Finance Corp. 4.875%, 01/15/23 (144A) (a)		1,000,000		990,000
				16,943,484
Oil & Gas Services—0.2%
Petrofac, Ltd. 3.400%, 10/10/18 (144A)		1,200,000		1,199,973
Weatherford International, Ltd. 7.750%, 06/15/21 (a)		700,000		694,750
				1,894,723
Packaging & Containers—0.1%
OI European Group B.V. 4.000%, 03/15/23 (144A)		1,000,000		950,000
Owens-Brockway Glass Container, Inc. 5.000%, 01/15/22 (144A) (a)		500,000		504,375
				1,454,375
Pharmaceuticals—1.4%
Allergan Funding SCS 3.450%, 03/15/22		4,900,000		4,868,844
Bayer U.S. Finance LLC 3.875%, 12/15/23 (144A)		1,700,000		1,688,184
CVS Health Corp. 2.125%, 06/01/21		1,600,000		1,544,306
2.800%, 07/20/20		1,100,000		1,089,262
3.700%, 03/09/23		2,700,000		2,687,923

Security Description	Principal Amount*		Value
Pharmaceuticals—(Continued)
Express Scripts Holding Co. 4.750%, 11/15/21 (a)		2,700,000	$	2,786,527
				14,665,046
Pipelines—1.3%
Enable Midstream Partners L.P. 2.400%, 05/15/19		2,200,000		2,190,807
Energy Transfer Partners L.P. 4.200%, 09/15/23 (a)		1,000,000		1,007,748
Enterprise Products Operating LLC 2.550%, 10/15/19		1,600,000		1,593,675
Kinder Morgan, Inc. 3.050%, 12/01/19		5,300,000		5,291,667
Sabine Pass Liquefaction LLC 5.625%, 02/01/21		3,385,000		3,520,719
Williams Cos., Inc.(The) 4.125%, 11/15/20 (a)		600,000		607,056
				14,211,672
Real Estate Investment Trusts—0.5%
American Tower Corp. 3.400%, 02/15/19		2,200,000		2,203,825
Crown Castle International Corp. 3.150%, 07/15/23		2,600,000		2,505,078
				4,708,903
Retail—0.4%
Dollar Tree, Inc. 3.700%, 05/15/23		3,200,000		3,158,155
KSouth Africa, Ltd. Zero Coupon, 3.000% PIK, 12/31/22 (144A) (c) (d)		632,215		12,897
Zero Coupon, 25.000% PIK, 12/31/22 (144A) (c) (d)		122,271		9,782
PetSmart, Inc. 7.125%, 03/15/23 (144A)		2,000,000		1,437,500
				4,618,334
Semiconductors—0.8%
Broadcom Corp. / Broadcom Cayman Finance, Ltd. 2.375%, 01/15/20		3,800,000		3,755,417
Maxim Integrated Products, Inc. 2.500%, 11/15/18		4,200,000		4,199,324
				7,954,741
Software—0.5%
Fiserv, Inc. 2.700%, 06/01/20		5,500,000		5,451,404
Telecommunications—1.0%
Juniper Networks, Inc. 3.125%, 02/26/19		4,100,000		4,106,309
Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC 3.360%, 09/20/21 (144A)		1,350,000		1,344,937
4.738%, 03/20/25 (144A)		2,200,000		2,199,010

BHFTI-111

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Telecommunications—(Continued)
T-Mobile USA, Inc. 4.000%, 04/15/22		500,000	$	497,813
Telefonica Emisiones S.A.U. 5.134%, 04/27/20		2,200,000		2,260,986
				10,409,055
Trucking & Leasing—0.2%
DAE Funding LLC 4.000%, 08/01/20 (144A) (a)		1,000,000		988,750
Park Aerospace Holdings, Ltd. 5.250%, 08/15/22 (144A)		1,000,000		1,010,000
				1,998,750
Total Corporate Bonds & Notes (Cost $388,385,205)				385,006,414
U.S. Treasury & Government Agencies—30.6%
Agency Sponsored Mortgage-Backed—15.6%
Fannie Mae 15 Yr. Pool 4.500%, 09/01/24		462,734		478,830
4.500%, 03/01/25		1,033,206		1,071,729
Fannie Mae ARM Pool 2.925%, 1Y CMT + 1.675%, 11/01/32 (b)		15,137		15,851
3.200%, 1Y CMT + 1.950%, 05/01/19 (b)		46		46
3.230%, 12M LIBOR + 1.480%, 12/01/32 (b)		23,434		24,683
3.300%, 12M LIBOR + 1.550%, 02/01/44 (b)		29,137		30,039
3.305%, 1Y CMT + 2.055%, 01/01/20 (b)		11,341		11,420
3.380%, 6M LIBOR + 1.152%, 03/01/28 (b)		7,645		7,760
3.405%, 12M LIBOR + 1.655%, 08/01/34 (b)		1,149		1,193
3.420%, 12M LIBOR + 1.420%, 03/01/36 (b)		5,464		5,553
3.436%, 1Y CMT + 1.686%, 03/01/33 (b)		1,055		1,067
3.450%, 12M LIBOR + 1.700%, 10/01/33 (b)		32,323		33,636
3.457%, 12M LIBOR + 1.707%, 11/01/36 (b)		1,738		1,821
3.460%, 12M LIBOR + 1.585%, 02/01/36 (b)		13,498		14,092
3.461%, 6M LIBOR + 1.175%, 11/01/33 (b)		3,339		3,479
3.466%, 12M LIBOR + 1.591%, 12/01/32 (b)		8,936		9,288
3.469%, 6M LIBOR + 1.140%, 11/01/33 (b)		4,348		4,393
3.491%, 1Y CMT + 2.152%, 12/01/33 (b)		54,518		57,348
3.497%, 1Y CMT + 1.998%, 10/01/32 (b)		18,651		19,403
3.520%, 1Y CMT + 2.270%, 09/01/30 (b)		39,628		41,026
3.528%, 12M LIBOR + 1.778%, 12/01/35 (b)		128,334		131,790
3.530%, 12M LIBOR + 1.530%, 02/01/33 (b)		35,168		35,460
3.539%, 1Y CMT + 1.931%, 08/01/29 (b)		3,637		3,768
3.547%, 12M LIBOR + 1.750%, 02/01/36 (b)		10,718		11,200
3.548%, 1Y CMT + 1.895%, 02/01/25 (b)		56,597		58,073
3.549%, 12M LIBOR + 1.809%, 10/01/36 (b)		5,262		5,513
3.640%, 6M LIBOR + 1.413%, 11/01/34 (b)		5,372		5,531
3.645%, 1Y CMT + 2.270%, 01/01/32 (b)		10,304		10,356
3.660%, 1Y CMT + 2.285%, 02/01/35 (b)		33,703		35,367
3.667%, 6M LIBOR + 1.548%, 09/01/35 (b)		16,758		17,332
3.685%, 1Y CMT + 2.129%, 04/01/27 (b)		3,881		4,047
3.685%, 1Y CMT + 1.715%, 10/01/35 (b)		16,141		16,269
3.686%, 1Y CMT + 2.081%, 07/01/33 (b)		41,318		42,744
3.718%, 12M LIBOR + 1.710%, 09/01/35 (a) (b)		2,797,215		2,927,194

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage-Backed—(Continued)
Fannie Mae ARM Pool
3.730%, 1Y CMT + 2.105%, 07/01/25 (b)		895	$	912
3.777%, 12M LIBOR + 1.777%, 03/01/37 (b)		3,860		4,044
3.794%, 1Y CMT + 2.010%, 06/01/25 (b)		44,964		45,590
3.807%, 12M LIBOR + 1.582%, 03/01/33 (b)		41,657		43,394
3.810%, 6M LIBOR + 1.640%, 04/01/36 (b)		53,479		55,563
3.838%, 12M LIBOR + 1.713%, 02/01/32 (b)		71,500		71,784
3.861%, 12M LIBOR + 1.876%, 03/01/36 (b)		38,665		40,213
3.864%, 1Y CMT + 2.158%, 03/01/30 (b)		955		998
3.864%, 12M LIBOR + 1.577%, 01/01/36 (b)		44,327		46,154
3.868%, 6M LIBOR + 1.570%, 11/01/35 (b)		101,165		104,690
3.875%, H15 + 2.000%, 05/01/19 (b)		3,380		3,376
3.903%, 6M LIBOR + 1.435%, 02/01/36 (b)		54,154		55,843
3.904%, 1Y CMT + 2.316%, 04/01/36 (b)		4,073		4,316
3.905%, 6M LIBOR + 1.405%, 03/01/35 (b)		29,021		29,853
3.909%, 12M LIBOR + 1.814%, 03/01/36 (b)		13,025		13,771
3.915%, 6M LIBOR + 1.415%, 06/01/32 (b)		9,393		9,428
3.915%, 6M LIBOR + 1.415%, 09/01/32 (b)		12,762		13,001
3.920%, 1Y CMT + 2.206%, 09/01/33 (b)		7,166		7,450
3.930%, 1Y CMT + 2.200%, 11/01/35 (b)		2,273,657		2,388,673
3.931%, 6M LIBOR + 1.431%, 12/01/32 (b)		247,025		259,821
3.938%, 6M LIBOR + 1.620%, 11/01/32 (b)		45,491		48,008
3.984%, 1Y CMT + 2.270%, 08/01/30 (b)		13,277		13,513
3.999%, 12M LIBOR + 1.810%, 04/01/40 (b)		4,464		4,679
4.018%, 1Y CMT + 2.279%, 01/01/32 (b)		5,053		5,222
4.025%, 6M LIBOR + 1.549%, 12/01/34 (b)		34,921		36,116
4.025%, 1Y CMT + 2.275%, 06/01/35 (b)		46,129		46,448
4.036%, 1Y CMT + 2.160%, 07/01/33 (b)		23,943		24,493
4.037%, 1Y CMT + 2.270%, 01/01/29 (b)		11,334		11,424
4.041%, 1Y CMT + 2.791%, 02/01/33 (b)		120,410		121,867
4.053%, 1Y CMT + 2.264%, 09/01/33 (b)		1,986		2,003
4.064%, 6M LIBOR + 1.654%, 03/01/37 (b)		8,545		8,869
4.085%, 6M LIBOR + 1.585%, 03/01/36 (b)		189,175		196,096
4.093%, 12M LIBOR + 1.679%, 11/01/36 (b)		1,872,420		1,959,581
4.125%, 12M LIBOR + 1.750%, 04/01/34 (b)		104,932		109,919
4.150%, 6M LIBOR + 1.758%, 06/01/28 (b)		2,113		2,198
4.150%, 1Y CMT + 2.225%, 09/01/36 (b)		855		901
4.162%, 1Y CMT + 2.360%, 11/01/34 (b)		2,632,704		2,784,030
4.172%, 1Y CMT + 2.035%, 07/01/35 (b)		20,617		21,047
4.175%, 1Y CMT + 2.175%, 06/01/30 (b)		8,612		8,701
4.185%, 12M LIBOR + 1.810%, 04/01/35 (b)		411,769		433,054
4.194%, 1Y CMT + 2.338%, 07/01/28 (b)		4,998		5,158
4.198%, 1Y CMT + 2.198%, 06/01/33 (b)		23,208		23,464
4.229%, 12M LIBOR + 1.818%, 09/01/37 (b)		3,107		3,256
4.230%, 1Y CMT + 2.210%, 09/01/37 (b)		27,246		28,342
4.247%, 12M LIBOR + 1.497%, 07/01/33 (b)		41,975		43,973
4.256%, 12M LIBOR + 1.631%, 05/01/33 (b)		12,241		12,833
4.257%, 1Y CMT + 2.249%, 03/01/38 (b)		19,890		20,748
4.270%, 12M LIBOR + 1.905%, 11/01/35 (b)		666,410		702,234
4.271%, 12M LIBOR + 1.521%, 07/01/33 (b)		32,934		34,308
4.275%, 12M LIBOR + 1.775%, 04/01/34 (b)		17,441		17,768
4.315%, 1Y CMT + 2.065%, 12/01/25 (b)		9,720		9,785
4.360%, 12M LIBOR + 1.735%, 05/01/34 (b)		4,420		4,546
4.383%, 12M LIBOR + 1.690%, 11/01/35 (b)		25,869		27,116
4.395%, 12M LIBOR + 1.645%, 09/01/39 (b)		2,904		3,014
4.399%, 1Y CMT + 2.149%, 08/01/33 (b)		48,014		49,866

BHFTI-112

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

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

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage-Backed—(Continued)
Fannie Mae ARM Pool
4.413%, 12M LIBOR + 1.669%, 08/01/37 (b)		14,139	$	14,764
4.440%, 1Y CMT + 2.223%, 07/01/35 (b)		25,587		26,921
4.458%, 12M LIBOR + 1.833%, 08/01/32 (b)		53,529		53,947
4.470%, 12M LIBOR + 1.720%, 08/01/35 (b)		255,749		268,483
4.500%, 6M LIBOR + 2.250%, 10/01/33 (b)		50,266		51,151
4.525%, 1Y CMT + 2.525%, 05/01/32 (b)		5,483		5,461
4.530%, 1Y CMT + 2.280%, 07/01/32 (b)		2,750		2,771
4.540%, 1Y CMT + 2.290%, 08/01/32 (b)		47,236		48,865
4.550%, 1Y CMT + 2.300%, 09/01/32 (b)		3,906		3,944
4.606%, 6M LIBOR + 2.106%, 09/01/33 (b)		25,412		26,684
4.623%, 6M LIBOR + 2.123%, 08/01/33 (b)		20,979		22,262
4.750%, 6M LIBOR + 2.250%, 05/01/34 (b)		25,247		25,973
4.760%, 1Y CMT + 2.510%, 08/01/35 (b)		6,097		6,252
4.775%, 6M LIBOR + 2.275%, 08/01/32 (b)		26,932		27,459
5.754%, 6M LIBOR + 3.254%, 05/01/34 (b)		112,705		114,932
Fannie Mae Connecticut Avenue Securities (CMO) 2.866%, 1M LIBOR + 0.650%, 08/25/30 (b)		3,445,106		3,449,882
4.816%, 1M LIBOR + 2.600%, 05/25/24 (b)		5,720,000		6,084,353
5.116%, 1M LIBOR + 2.900%, 07/25/24 (b)		2,608,929		2,788,084
5.216%, 1M LIBOR + 3.000%, 07/25/24 (b)		5,810,669		6,229,692
5.766%, 1M LIBOR + 3.550%, 07/25/29 (b)		2,980,000		3,253,272
6.216%, 1M LIBOR + 4.000%, 05/25/25 (b)		7,046,790		7,695,555
6.516%, 1M LIBOR + 4.300%, 02/25/25 (b)		5,589,587		6,166,287
6.766%, 1M LIBOR + 4.550%, 02/25/25 (b)		3,339,461		3,614,057
7.116%, 1M LIBOR + 4.900%, 11/25/24 (b)		5,066,160		5,801,032
7.216%, 1M LIBOR + 5.000%, 11/25/24 (b)		2,748,207		3,105,756
7.216%, 1M LIBOR + 5.000%, 07/25/25 (b)		7,957,606		8,988,790
7.466%, 1M LIBOR + 5.250%, 10/25/23 (b)		2,980,000		3,427,482
9.166%, 1M LIBOR + 6.950%, 08/25/28 (b)		4,109,904		4,861,191
Freddie Mac Structured Agency Credit Risk Debt Notes (CMO) 2.916%, 1M LIBOR + 0.700%, 09/25/30 (b)		3,212,521		3,219,118
3.566%, 1M LIBOR + 1.350%, 03/25/29 (b)		250,000		253,747
4.066%, 1M LIBOR + 1.850%, 10/25/27 (b)		4,002,779		4,074,118
4.416%, 1M LIBOR + 2.200%, 02/25/24 (b)		598,972		615,439
4.416%, 1M LIBOR + 2.200%, 03/25/25 (b)		156,803		157,219
4.416%, 1M LIBOR + 2.200%, 10/25/28 (b)		1,355,950		1,368,794
4.466%, 1M LIBOR + 2.250%, 11/25/28 (b)		1,394,388		1,423,598
4.716%, 1M LIBOR + 2.500%, 08/25/24 (b)		366,065		367,377
4.816%, 1M LIBOR + 2.600%, 12/25/27 (b)		2,349,575		2,397,695
4.866%, 1M LIBOR + 2.650%, 03/25/28 (b)		2,698,876		2,743,500
4.966%, 1M LIBOR + 2.750%, 09/25/28 (b)		788,738		804,942
5.016%, 1M LIBOR + 2.800%, 05/25/28 (b)		2,788,958		2,869,383
5.066%, 1M LIBOR + 2.850%, 04/25/28 (b)		2,800,666		2,899,435
5.116%, 1M LIBOR + 2.900%, 07/25/28 (b)		322,703		330,568
5.466%, 1M LIBOR + 3.250%, 05/25/25 (b)		2,780,000		3,117,504
5.516%, 1M LIBOR + 3.300%, 10/25/27 (b)		3,160,000		3,537,621
5.816%, 1M LIBOR + 3.600%, 04/25/24 (b)		1,400,000		1,555,647
5.966%, 1M LIBOR + 3.750%, 09/25/24 (b)		4,990,000		5,722,614
6.016%, 1M LIBOR + 3.800%, 03/25/25 (b)		5,470,000		5,847,532
6.116%, 1M LIBOR + 3.900%, 12/25/27 (b)		7,265,000		8,021,127
6.216%, 1M LIBOR + 4.000%, 08/25/24 (b)		370,884		406,520
6.316%, 1M LIBOR + 4.100%, 08/25/24 (b)		2,100,000		2,305,190
6.366%, 1M LIBOR + 4.150%, 01/25/25 (b)		6,691,928		7,185,307
6.766%, 1M LIBOR + 4.550%, 10/25/24 (b)		4,498,139		4,997,169
6.866%, 1M LIBOR + 4.650%, 10/25/28 (b)		4,100,000		4,720,235

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage-Backed—(Continued)
Freddie Mac Structured Agency Credit Risk Debt Notes (CMO)
6.916%, 1M LIBOR + 4.700%, 03/25/28 (b)		2,250,000	$	2,591,654
6.966%, 1M LIBOR + 4.750%, 10/25/24 (b)		1,429,296		1,585,495
7.366%, 1M LIBOR + 5.150%, 11/25/28 (b)		2,840,000		3,368,304
7.766%, 1M LIBOR + 5.550%, 07/25/28 (b)		5,500,000		6,653,716
				166,466,625
U.S. Treasury—15.0%
U.S. Treasury Inflation Indexed Notes 0.125%, 04/15/21 (f)		5,741,712		5,624,299
0.125%, 01/15/22 (f)		16,701,300		16,290,660
1.375%, 01/15/20 (f)		11,222,417		11,303,224
1.875%, 07/15/19 (f)		4,791,815		4,850,714
U.S. Treasury Notes 1.750%, 03/31/22		17,000,000		16,347,891
1.875%, 03/31/22		20,000,000		19,316,406
2.000%, 08/31/21		8,800,000		8,585,500
2.125%, 09/30/21		17,100,000		16,727,941
2.250%, 04/30/21		9,000,000		8,863,242
2.250%, 07/31/21 (a)		28,600,000		28,110,672
3.500%, 05/15/20		23,000,000		23,255,156
				159,275,705
Total U.S. Treasury & Government Agencies (Cost $329,544,663)				325,742,330
Asset-Backed Securities—18.9%
Asset-Backed - Credit Card—4.7%
American Express Credit Account Master Trust 2.040%, 05/15/23		6,900,000		6,764,579
2.100%, 09/15/22		4,200,000		4,145,857
2.670%, 10/17/22		5,000,000		4,980,104
Capital One Multi-Asset Execution Trust 1.990%, 07/17/23		6,000,000		5,877,738
2.888%, 1M LIBOR + 0.730%, 01/18/22 (b)		3,270,000		3,277,876
Chase Issuance Trust 2.528%, 1M LIBOR + 0.370%, 04/15/21 (b)		5,340,000		5,349,077
Citibank Credit Card Issuance Trust 1.920%, 04/07/22		4,400,000		4,330,419
2.490%, 01/20/23		5,500,000		5,424,834
Discover Card Execution Note Trust 2.588%, 1M LIBOR + 0.430%, 07/15/21 (b)		5,610,000		5,617,192
2.608%, 1M LIBOR + 0.450%, 04/15/21 (b)		4,020,000		4,020,719
				49,788,395
Asset-Backed - Home Equity—0.2%
Argent Securities, Inc. Asset-Backed Pass-Through Certificates 2.576%, 1M LIBOR + 0.360%, 10/25/35 (b)		492,918		493,685
GSAA Home Equity Trust 3.161%, 1M LIBOR + 0.945%, 02/25/35 (b)		1,497,867		1,505,837
RAAC Trust 2.916%, 1M LIBOR + 0.700%, 03/25/34 (b)		258,555		253,197
				2,252,719

BHFTI-113

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed - Other—14.0%
American Homes 4 Rent Trust 3.467%, 04/17/52 (144A)		2,373,875	$	2,332,094
Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates 3.041%, 1M LIBOR + 0.825%, 06/25/34 (b)		621,221		623,698
Atrium XI 4.497%, 3M LIBOR + 2.150%, 10/23/25 (144A) (b)		3,650,000		3,651,256
Atrium XIII 4.147%, 3M LIBOR + 1.800%, 11/21/30 (144A) (b)		1,000,000		990,355
Atrium XIV LLC 4.010%, 3M LIBOR + 1.700%, 08/23/30 (144A) (b)		300,000		299,684
Bain Capital Credit CLO 2018-1 3.322%, 3M LIBOR + 0.960%, 04/23/31 (144A) (b)		1,500,000		1,485,321
3.512%, 3M LIBOR + 1.150%, 04/23/31 (144A) (b)		1,000,000		990,628
BCC Middle Market CLO LLC 4.548%, 3M LIBOR + 2.150%, 10/20/30 (144A) (b)		1,600,000		1,600,000
BlueMountain CLO, Ltd. Zero Coupon, -1x 3M LIBOR + 2.200%, 10/20/30 (144A) (b)		3,600,000		3,600,000
BlueMountain Fuji U.S. CLO, Ltd. 4.048%, 3M LIBOR + 1.700%, 01/15/30 (144A) (b)		2,000,000		1,950,766
4.509%, 3M LIBOR + 2.150%, 10/20/30 (144A) (b)		2,000,000		2,004,250
4.698%, 3M LIBOR + 2.350%, 07/20/29 (144A) (b)		600,000		603,713
Carlyle Global Market Strategies CLO, Ltd. 3.587%, 3M LIBOR + 1.600%, 07/15/30 (144A) (b)		2,000,000		1,991,326
3.798%, 3M LIBOR + 1.450%, 01/20/29 (144A) (b)		1,710,000		1,712,702
Carlyle GMS Finance MM CLO LLC 4.539%, 3M LIBOR + 2.200%, 10/15/31 (144A) (b)		1,000,000		1,000,000
Carlyle U.S. CLO, Ltd. 4.148%, 3M LIBOR + 1.800%, 01/20/30 (144A) (b)		1,000,000		987,454
4.698%, 3M LIBOR + 2.350%, 07/20/29 (144A) (b)		500,000		501,880
4.748%, 3M LIBOR + 2.400%, 07/20/31 (144A) (b)		642,000		642,997
Catamaran CLO, Ltd. 5.283%, 3M LIBOR + 2.950%, 10/18/26 (144A) (b)		2,384,800		2,380,877
Cent CLO, Ltd. 3.753%, 3M LIBOR + 1.410%, 11/07/26 (144A) (b)		1,710,000		1,711,122
5.293%, 3M LIBOR + 2.950%, 11/07/26 (144A) (b)		2,650,000		2,651,079
Centerline REIT, Inc. 4.760%, 1M LIBOR + 4.760%, 09/21/45 (144A) (b)		391,651		394,550
5.040%, 09/21/45 (144A)		1,780,000		1,762,200
Colony American Homes 3.331%, 1M LIBOR + 1.200%, 07/17/32 (144A) (b)		3,846,616		3,851,378
Cook Park CLO Ltd. 3.468%, 3M LIBOR + 1.120%, 04/17/30 (144A) (b)		1,500,000		1,478,500
Countrywide Asset-Backed Certificates 2.966%, 1M LIBOR + 0.750%, 03/25/34 (b)		215,639		216,665
3.266%, 1M LIBOR + 1.050%, 12/25/34 (b)		1,616		1,635
Dryden 49 Senior Loan Fund 4.683%, 3M LIBOR + 2.350%, 07/18/30 (144A) (b)		380,000		380,724
Dryden 50 Senior Loan Fund 4.589%, 3M LIBOR + 2.250%, 07/15/30 (144A) (b)		500,000		501,447
Dryden 53 CLO, Ltd. 3.739%, 3M LIBOR + 1.400%, 01/15/31 (144A) (b)		1,000,000		987,836
4.039%, 3M LIBOR + 1.700%, 01/15/31 (144A) (b)		1,000,000		978,353
Dryden 58 CLO, Ltd. 3.821%, 3M LIBOR + 1.500%, 07/17/31 (144A) (b)		750,000		749,183

Security Description	Principal Amount*		Value
Asset-Backed - Other—(Continued)
Dryden 64 CLO, Ltd. 4.870%, 3M LIBOR + 2.650%, 04/18/31 (144A) (b)		400,000	$	393,542
Galaxy CLO, Ltd. 5.065%, 3M LIBOR + 2.750%, 05/16/31 (144A) (b)		250,000		246,807
GSAMP Trust 3.221%, 1M LIBOR + 1.005%, 06/25/35 (b)		229,165		229,164
Halcyon Loan Advisors Funding, Ltd. 4.183%, 3M LIBOR + 1.800%, 07/21/31 (144A) (b)		1,500,000		1,498,269
Highbridge Loan Management, Ltd. 4.136%, 3M LIBOR + 1.700%, 10/15/30 (144A) (b)		3,000,000		3,000,000
4.586%, 3M LIBOR + 2.150%, 10/15/30 (144A) (b)		600,000		600,000
Invitation Homes Trust 3.008%, 1M LIBOR + 0.850%, 12/17/36 (144A) (b)		5,807,465		5,821,972
3.158%, 1M LIBOR + 1.000%, 07/17/37 (144A) (b)		4,602,866		4,630,661
LCM, Ltd. 4.148%, 3M LIBOR + 1.800%, 01/20/31 (144A) (b)		1,000,000		990,905
Long Point Park CLO, Ltd. 4.036%, 3M LIBOR + 1.700%, 01/17/30 (144A) (b)		1,000,000		981,781
Madison Park Funding, Ltd. Zero Coupon, 10/18/30		900,000		900,000
1.000%, 10/18/30		11,604,544		11,604,544
4.037%, 3M LIBOR + 1.700%, 07/27/30 (144A) (b)		1,600,000		1,607,091
4.687%, 3M LIBOR + 2.350%, 07/27/30 (144A) (b)		500,000		500,598
Magnetite, Ltd. 4.010%, 3M LIBOR + 1.600%, 10/18/31 (144A) (b)		3,000,000		3,000,000
Mill City Mortgage Loan Trust 2017-3 2.750%, 01/25/61 (144A) (b)		3,535,054		3,453,221
Morgan Stanley ABS Capital I, Inc. Trust 2.951%, 1M LIBOR + 0.735%, 01/25/35 (b)		133,470		133,356
Neuberger Berman CLO XXII, Ltd. 4.009%, LIBOR + 1.650%, 10/17/30 (144A) (b) (k) (l)		2,600,000		2,600,000
Neuberger Berman CLO, Ltd. 3.939%, 3M LIBOR + 1.600%, 01/15/28 (144A) (b)		1,000,000		980,549
Neuberger Berman Loan Advisers CLO 27, Ltd. 4.039%, 3M LIBOR + 1.700%, 01/15/30 (144A) (b)		1,000,000		975,345
Octagon Investment Partners 18-R, Ltd. 5.039%, 3M LIBOR + 2.700%, 04/16/31 (144A) (b)		400,000		395,622
Octagon Investment Partners LLC 4.748%, 3M LIBOR + 2.400%, 07/20/30 (144A) (b)		126,643		126,698
Octagon Investment Partners, Ltd. 3.448%, 3M LIBOR + 1.100%, 01/20/31 (144A) (b)		600,000		599,615
3.936%, 3M LIBOR + 1.600%, 07/17/30 (144A) (b)		1,000,000		998,903
Progress Residential Trust 2.740%, 06/12/32 (144A)		412,838		406,975
3.712%, 08/17/35 (144A)		1,210,000		1,204,161
Race Point X CLO, Ltd. 3.985%, 3M LIBOR + 1.650%, 07/25/31 (144A) (b)		250,000		249,995
TCI-Cent CLO, Ltd. 4.685%, 3M LIBOR + 2.350%, 07/25/30 (144A) (b)		254,559		255,588
TCI-Flatiron CLO, Ltd. 4.162%, 3M LIBOR + 1.850%, 11/17/30 (144A) (b)		500,000		490,978
Towd Point Mortgage Trust 2.250%, 04/25/56 (144A) (b)		4,590,677		4,479,360
2.250%, 07/25/56 (144A) (b)		6,540,306		6,355,434
2.500%, 10/25/56 (144A) (b)		2,213,325		2,150,977

BHFTI-114

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed - Other—(Continued)
Towd Point Mortgage Trust
2.750%, 10/25/56 (144A) (b)		5,989,662	$	5,865,113
2.750%, 04/25/57 (144A) (b)		6,214,453		6,098,706
2.750%, 06/25/57 (144A) (b)		4,870,837		4,734,396
2.816%, 1M LIBOR + 0.600%, 02/25/57 (144A) (b)		1,651,178		1,652,658
3.000%, 03/25/54 (144A) (b)		638,867		633,929
3.000%, 01/25/58 (144A) (b)		1,312,111		1,287,443
3.000%, 06/25/58 (144A) (b)		3,586,329		3,479,643
3.250%, 03/25/58 (144A) (b)		3,334,422		3,290,065
3.250%, 08/25/58 (144A) (b)		1,720,000		1,720,000
3.500%, 03/25/54 (144A) (b)		1,300,076		1,297,783
3.750%, 11/25/57 (144A) (b)		378,583		378,848
3.750%, 05/25/58 (144A) (b)		5,453,113		5,455,102
Voya CLO, Ltd. 3.305%, 3M LIBOR + 0.970%, 04/25/31 (144A) (b)		800,000		794,112
4.698%, 3M LIBOR + 2.350%, 07/20/30 (144A) (b)		221,301		222,456
Webster Park CLO, Ltd. 3.948%, 3M LIBOR + 1.600%, 07/20/30 (144A) (b)		2,000,000		1,997,964
West CLO, Ltd. 3.683%, 3M LIBOR + 1.350%, 07/18/26 (144A) (b)		1,230,000		1,222,283
4.183%, 3M LIBOR + 1.850%, 07/18/26 (144A) (b)		2,170,000		2,157,481
				149,163,766
Total Asset-Backed Securities (Cost $202,374,435)				201,204,880
Floating Rate Loans (g)—6.6%
Aerospace/Defense—0.0%
Trans Union LLC Term Loan A2, 3.992%, 1M LIBOR + 1.750%, 08/09/22		406,151		405,813
Airlines—0.3%
Air Canada Term Loan B, 4.242%, 1M LIBOR + 2.000%, 10/06/23		32,703		32,860
American Airlines, Inc. 1st Lien Term Loan, 4.133%, 1M LIBOR + 2.000%, 10/12/21		359,669		360,062
Term Loan B, 3.980%, 1M LIBOR + 1.750%, 06/27/25		2,500,000		2,457,813
				2,850,735
Auto Manufacturers—0.1%
Navistar International Corp. 1st Lien Term Loan B, 5.640%, 1M LIBOR + 3.500%, 11/06/24		842,676		847,406
Auto Parts & Equipment—0.0%
TI Group Automotive Systems LLC Term Loan, 4.742%, 1M LIBOR + 2.500%, 06/30/22		78,023		78,364
Chemicals—0.3%
Ashland, Inc. Term Loan B, 3.940%, 1M LIBOR + 1.750%, 05/17/24		2,646,669		2,656,263
Chemours Co. (The) Term Loan B, 4.000%, 1M LIBOR + 1.750%, 04/03/25		221,488		221,592
				2,877,855

Security Description	Principal Amount*		Value
Coal—0.1%
Bowie Resource Holdings LLC 1st Lien Term Loan, 7.992%, 1M LIBOR + 5.750%, 08/14/20		1,141,111	$	1,123,281
2nd Lien Delayed Draw Term Loan, 12.992%, 1M LIBOR + 10.750%, 02/16/21		371,429		356,571
				1,479,852
Commercial Services—0.5%
Avis Budget Car Rental LLC Term Loan B, 4.250%, 1M LIBOR + 2.000%, 02/13/25		1,177,067		1,179,267
Hertz Corp. (The) Term Loan B, 4.992%, 1M LIBOR + 2.750%, 06/30/23		1,657,179		1,655,885
Live Nation Entertainment, Inc. Term Loan B3, 4.000%, 1M LIBOR + 1.750%, 10/31/23		357,280		358,394
Onsite Rental Group Pty, Ltd. Term Loan, 6.100%, PIK, 10/26/23 (d)		882,507		683,943
Term Loan B, 6.716%, 1M LIBOR + 4.500%, 10/26/22		645,477		639,022
WEX, Inc. Term Loan B2, 4.492%, 1M LIBOR + 2.250%, 06/30/23		1,275,447		1,282,621
				5,799,132
Computers—0.2%
First Data Corp. Term Loan A, 3.962%, 1M LIBOR + 1.750%, 06/02/20		2,057,806		2,061,370
Diversified Financial Services—0.1%
Doncasters Finance U.S. LLC Term Loan, 5.886%, 3M LIBOR + 3.500%, 04/09/20		716,121		668,379
Electric—0.1%
EFS Cogen Holdings I LLC Term Loan B, 5.640%, 3M LIBOR + 3.250%, 06/28/23		104,283		103,882
NRG Energy, Inc. Term Loan B, 4.136%, 3M LIBOR + 1.750%, 06/30/23		1,285,462		1,287,801
				1,391,683
Entertainment—0.3%
Greektown Holdings LLC Term Loan B, 4.992%, 1M LIBOR + 2.750%, 04/25/24		3,004,610		3,012,590
Food—0.7%
Aramark Services, Inc. Term Loan B3, 4.084%, 3M LIBOR + 1.750%, 03/11/25		179,822		180,407
B&G Foods, Inc. Term Loan B, 6.000%, PRIME + 1.000%, 11/02/22		1,900,269		1,907,904
JBS USA LLC Term Loan B, 4.844%, 3M LIBOR + 2.500%, 10/30/22		4,324,721		4,338,235
Post Holdings, Inc. Incremental Term Loan, 4.220%, 1M LIBOR + 2.000%, 05/24/24		1,088,972		1,090,470
				7,517,016
Forest Products & Paper—0.1%
Caraustar Industries, Inc. Term Loan B, 7.886%, 3M LIBOR + 5.500%, 03/14/22		1,172,106		1,183,680

BHFTI-115

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Floating Rate Loans (g)—(Continued)

Security Description	Principal Amount*		Value
Healthcare-Services—0.3%
DaVita, Inc. Term Loan B, 4.992%, 1M LIBOR + 2.750%, 06/24/21		1,408,964	$	1,416,889
HCA, Inc. Term Loan B11, 3.992%, 1M LIBOR + 1.750%, 03/18/23		619,830		625,253
IQVIA, Inc. Term Loan B3, 4.136%, 3M LIBOR + 1.750%, 06/07/25		525,240		525,831
U.S. Renal Care, Inc. Term Loan B, 6.636%, 3M LIBOR + 4.250%, 12/31/22		1,244,532		1,215,752
				3,783,725
Hotels, Restaurants & Leisure—0.1%
Eldorado Resorts LLC Term Loan B, 4.408%, 1M LIBOR + 2.250%, 04/17/24		661,481		665,607
Las Vegas Sands LLC Term Loan B, 3.992%, 1M LIBOR + 1.750%, 03/27/25		497,500		497,670
				1,163,277
Household Products/Wares—0.1%
Spectrum Brands, Inc. Term Loan B, 4.349%, 3M LIBOR + 2.000%, 06/23/22		1,419,946		1,428,228
Industrial Conglomerates—0.1%
OSG Bulk Ships, Inc. OBS Term Loan, 6.770%, 3M LIBOR + 4.250%, 08/05/19		638,148		631,767
Internet Software & Services—0.1%
Rackspace Hosting, Inc. Incremental 1st Lien Term Loan, 5.348%, 3M LIBOR + 3.000%, 11/03/23		1,111,079		1,098,381
Leisure Time—0.1%
Aristocrat Technologies, Inc. 1st Lien Term Loan, 4.098%, 3M LIBOR + 1.750%, 10/19/24		787,182		787,410
Life Sciences Tools & Services—0.1%
Syneos Health, Inc. Term Loan B, 4.242%, 1M LIBOR + 2.000%, 08/01/24		1,686,827		1,691,982
Machinery—0.1%
Altra Industrial Motion Corp. Term Loan B, 10/01/25 (h)		630,998		633,364
Harsco Corp. Term Loan B1, 4.500%, 1M LIBOR + 2.250%, 12/06/24		193,139		194,427
				827,791
Media—0.6%
Altice U.S. Finance I Corp. Term Loan B, 4.492%, 1M LIBOR + 2.250%, 07/28/25		165,113		164,975
AMC Entertainment Holdings, Inc. Term Loan, 4.384%, 1M LIBOR + 2.250%, 12/15/22		1,280,745		1,283,681
Term Loan B, 4.384%, 1M LIBOR + 2.250%, 12/15/23		423,165		424,135

Security Description	Principal Amount*		Value
Media—(Continued)
Gray Television, Inc. Term Loan B, 4.354%, 1M LIBOR + 2.250%, 02/07/24		390,910	$	392,341
Lions Gate Capital Holdings LLC Term Loan A, 3.992%, 1M LIBOR + 1.750%, 03/22/23		213,097		213,097
Mediacom Illinois LLC Term Loan N, 3.920%, 1W LIBOR + 1.750%, 02/15/24		2,107,422		2,110,056
Mission Broadcasting, Inc. Term Loan B2, 4.604%, 1M LIBOR + 2.500%, 01/17/24		241,720		242,551
Nexstar Broadcasting, Inc. Term Loan B2, 4.604%, 1M LIBOR + 2.500%, 01/17/24		1,723,525		1,732,861
				6,563,697
Oil & Gas—0.5%
Fieldwood Energy LLC 1st Lien TL, 7.492%, 1M LIBOR + 5.250%, 04/11/22 (e)		3,636,576		3,668,396
Oxbow Carbon LLC 1st Lien Term Loan B, 5.742%, 1M LIBOR + 3.500%, 01/04/23		462,000		467,775
Term Loan A, 4.492%, 1M LIBOR + 2.250%, 01/04/22		814,000		816,035
				4,952,206
Oil & Gas Services—0.1%
Navios Maritime Midstream Partners L.P. Term Loan B, 6.840%, 3M LIBOR + 4.500%, 06/18/20		841,813		814,454
Packaging & Containers—0.1%
Crown Americas LLC Term Loan B, 4.163%, 1W LIBOR + 2.000%, 04/03/25		934,497		940,629
Pharmaceuticals—0.1%
Endo Luxembourg Finance Co. I S.a.r.l. Term Loan B, 6.500%, 1M LIBOR + 4.250%, 04/29/24		379,349		382,668
Valeant Pharmaceuticals International, Inc. Term Loan B, 5.104%, 1M LIBOR + 3.000%, 06/01/25		210,728		212,045
Term Loan B Series F4, 5.658%, 1M LIBOR + 3.500%, 04/01/22		1		1
				594,714
Retail—0.7%
Ascena Retail Group, Inc. Term Loan B, 6.750%, 1M LIBOR + 4.500%, 08/21/22		1,970,960		1,906,494
Evergreen Acqco 1 L.P. Term Loan, 6.097%, 3M LIBOR + 3.750%, 07/09/19		2,458,860		2,410,708
General Nutrition Centers, Inc. Term Loan B, 11.000%, 1M LIBOR + 8.750%, 03/04/21		947,567		934,538
Harbor Freight Tools USA, Inc. Term Loan B, 4.742%, 1M LIBOR + 2.500%, 08/18/23		1,178,874		1,181,249
Smart & Final Stores LLC 1st Lien Term Loan, 5.742%, 1M LIBOR + 3.500%, 11/15/22		628,686		617,683
				7,050,672

BHFTI-116

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Floating Rate Loans (g)—(Continued)

Security Description	Principal Amount*		Value
Semiconductors—0.1%
MKS Instruments, Inc. Term Loan B4, 3.992%, 1M LIBOR + 1.750%, 05/01/23		99,193	$	99,772
ON Semiconductor Corp. 1st Lien Term Loan B, 3.992%, 1M LIBOR + 1.750%, 03/31/23		1,116,035		1,119,035
				1,218,807
Software—0.3%
BMC Software Finance, Inc. Revolver, 09/10/18 (i)		1,224,412		1,224,412
IQVIA, Inc. Term Loan B2, 4.386%, 3M LIBOR + 2.000%, 01/17/25		1,798,915		1,805,848
				3,030,260
Telecommunications—0.3%
CommScope, Inc. Term Loan B5, 4.242%, 1M LIBOR + 2.000%, 12/29/22		973,905		980,596
CSC Holdings LLC 1st Lien Term Loan, 4.408%, 1M LIBOR + 2.250%, 07/17/25		1,787,485		1,789,348
Global Tel*Link Corp. 1st Lien Term Loan, 6.386%, 3M LIBOR + 4.000%, 05/23/20		181,575		182,959
				2,952,903
Total Floating Rate Loans (Cost $69,747,877)				69,704,778
Mortgage-Backed Securities—4.5%
Collateralized Mortgage Obligations—2.5%
Adjustable Rate Mortgage Trust 4.159%, 02/25/35 (b)		1,575,028		1,570,334
American Home Mortgage Investment Trust 4.031%, 6M LIBOR + 1.500%, 10/25/34 (b)		833,425		825,017
Bellemeade Re, Ltd. 3.816%, 1M LIBOR + 1.600%, 04/25/28 (144A) (b)		2,460,000		2,472,333
CHL Mortgage Pass-Through Trust 3.611%, 07/25/34 (b)		456,287		455,722
CIM Trust 4.000%, 08/25/48 (144A)		3,440,000		3,419,324
Credit Suisse First Boston Mortgage Securities Corp. 5.000%, 09/25/19		76,215		78,939
Impac Secured Assets Corp. 2.981%, 1M LIBOR + 0.765%, 02/25/35 (b)		551,754		551,634
MASTR Alternative Loan Trust 5.000%, 02/25/18		10,277		10,636
5.000%, 08/25/18		10,261		10,241
5.477%, 11/25/19 (b)		80,135		80,543
5.500%, 04/25/19		23,183		23,213
Merrill Lynch Mortgage Investors Trust 2.956%, 1M LIBOR + 0.740%, 03/25/28 (b)		431,015		413,664
Mill City Mortgage Loan Trust 3.250%, 05/25/62 (144A) (b)		3,664,496		3,619,265

Security Description	Principal Amount*		Value
Collateralized Mortgage Obligations—(Continued)
New York Mortgage Trust 2.891%, 1M LIBOR + 0.675%, 02/25/36 (b)		265,711	$	241,106
OBX Trust 2.866%, 1M LIBOR + 0.650%, 06/25/57 (144A) (b)		1,991,284		1,992,118
Radnor RE 2018-1, Ltd. 3.616%, 1M LIBOR + 1.400%, 03/25/28 (144A) (b)		2,370,000		2,373,945
Sequoia Mortgage Trust 2.805%, 1M LIBOR + 0.640%, 11/20/34 (b)		300,294		296,726
Structured Adjustable Rate Mortgage Loan Trust 2.656%, 1M LIBOR + 0.440%, 08/25/35 (b)		509,988		506,611
4.328%, 09/25/34 (b)		1,396,223		1,394,262
Structured Asset Mortgage Investments Trust 2.868%, 1M LIBOR + 0.700%, 02/19/35 (b)		623,588		607,593
WaMu Mortgage Pass-Through Certificates Trust 2.546%, 1M LIBOR + 0.330%, 01/25/45 (b)		2,028,571		2,036,535
2.676%, 1M LIBOR + 0.460%, 04/25/45 (b)		1,557,515		1,567,051
2.796%, 1M LIBOR + 0.580%, 07/25/45 (b)		871,384		884,819
Wells Fargo Mortgage-Backed Securities Trust 3.842%, 02/25/35 (b)		699,706		715,927
4.213%, 06/25/35 (b)		481,940		486,430
				26,633,988
Commercial Mortgage-Backed Securities—2.0%
BAMLL Commercial Mortgage Securities Trust 2.959%, 12/10/30 (144A)		1,940,000		1,915,211
BANK 0.671%, 08/15/61 (b) (j)		42,531,671		1,543,168
CD Commercial Mortgage Trust 5.430%, 07/15/44 (b)		330,632		330,276
Citigroup Commercial Mortgage Trust 5.482%, 10/15/49		418,932		396,004
Commercial Mortgage Trust 3.732%, 08/10/49 (144A) (b)		1,220,000		1,225,445
Core Industrial Trust 3.040%, 02/10/34 (144A)		5,303,073		5,247,807
CSAIL Commercial Mortgage Trust 0.951%, 06/15/57 (b) (j)		15,496,226		610,195
GE Commercial Mortgage Corp. Trust 5.606%, 12/10/49 (b)		374,552		373,766
Greenwich Capital Commercial Mortgage Trust 5.928%, 07/10/38 (b)		1,824,697		1,690,051
GS Mortgage Securities Corp. II 1.001%, 05/10/50 (b) (j)		19,729,673		753,814
JPMorgan Chase Commercial Mortgage Securities Trust 5.896%, 12/15/44 (b)		1,082,943		1,081,974
Merrill Lynch Mortgage Trust 5.555%, 11/12/37 (b)		14,949		14,929
Morgan Stanley Capital I Trust 5.033%, 09/15/47 (144A) (b)		1,523,614		1,567,824
OBP Depositor LLC Trust 4.646%, 07/15/45 (144A)		2,250,000		2,293,661
Wells Fargo Commercial Mortgage Trust 2.399%, 11/15/49		2,692,000		2,613,217
				21,657,342
Total Mortgage-Backed Securities (Cost $48,667,712)				48,291,330

BHFTI-117

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Foreign Government—1.4%

Security Description	Shares/ Principal Amount*		Value
Banks—0.2%
Korea Development Bank (The) 3.375%, 03/12/23 (a)		2,700,000	$	2,657,747
Sovereign—1.2%
Brazil Notas do Tesouro Nacional 10.000%, 01/01/21 (BRL)		5,500,000		1,410,343
Export-Import Bank of China (The) 2.500%, 07/31/19 (144A)		4,000,000		3,971,121
Export-Import Bank of Korea 2.250%, 01/21/20		5,000,000		4,937,470
Indonesia Treasury Bond 8.250%, 07/15/21 (IDR)		16,800,000,000		1,140,633
Mexican Bonos 8.500%, 12/13/18 (MXN)		17,100,000		913,736
				12,373,303
Total Foreign Government (Cost $15,157,724)				15,031,050
Municipals—1.0%
Industry Public Facilities Authority, Tax Allocation Revenue 3.389%, 01/01/20		3,525,000		3,534,764
San Jose Redevelopment Agency Successor Agency, Tax Allocation Revenue 2.480%, 08/01/21		650,000		638,281
2.630%, 08/01/22		2,165,000		2,117,283
State of Pennsylvania, General Obligation, Ltd. 5.000%, 01/15/20		2,800,000		2,903,516
State of Texas, General Obligation Unlimited 5.000%, 04/01/21		1,185,000		1,269,372
Total Municipals (Cost $10,768,884)				10,463,216
Mutual Fund—0.7%
Investment Company Security—0.7%
Invesco Senior Loan ETF (a) (Cost $6,936,939)		300,000		6,951,000
Common Stocks—0.2%
Diversified Financial Services—0.1%
Edcon Holdings, Ltd. (e) (k) (l) (m)		8,217,950		5,811
Edcon Holdings, Ltd. (e) (k) (l) (m)		817,800		578
Remington Outdoor Co., Inc (e) (k) (l) (m)		72,031		1,220,076
				1,226,465
Oil, Gas & Consumable Fuels—0.0%
Halcon Resources Corp. (a) (m)		65,445		292,539
Riviera Resources Inc (m)		2,964		63,578
Roan Resources, Inc. (m)		2,964		52,907
				409,024

Security Description	Shares/ Principal Amount*		Value
Paper & Forest Products—0.1%
Appvion,Inc. (e) (k) (l) (m)		38,739	$	419,179
Verso Corp. - Class A (m)		1,665		56,061
				475,240
Total Common Stocks (Cost $6,105,989)				2,110,729
Warrant—0.0%
Oil, Gas & Consumable Fuels—0.0%
Halcon Resources Corp., Expires 09/09/20 (m)		5,835		584
Paper & Forest Products—0.0%
Verso Corp., Expires 07/25/23 (m)		175		2,012
Total Warrants (Cost $0)				2,596
Short-Term Investments—1.3%
Discount Note—1.1%
Federal Home Loan Bank Zero Coupon, 10/01/18 (n)		12,045,000		12,045,000
Repurchase Agreement—0.2%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $2,089,065; collateralized by U.S. Treasury Note at 2.125%, maturing 03/31/24, with a market value of $2,133,578.		2,088,891		2,088,891
Total Short-Term Investments (Cost $14,133,891)				14,133,891
Securities Lending Reinvestments (o)—5.4%
Certificates of Deposit—2.4%
Banco Del Estado De Chile New York 2.419%, 3M LIBOR + 0.100%, 11/14/18 (b)		1,500,000		1,499,975
Bank of Montreal (Chicago) 2.371%, 3M LIBOR + 0.030%, 11/06/18 (b)		1,000,000		999,998
Bank of Nova Scotia 2.618%, 3M LIBOR + 0.280%, 03/20/19 (b)		1,500,000		1,501,431
Barclays Bank plc 2.304%, 1M LIBOR + 0.200%, 02/04/19 (b)		2,500,000		2,499,492
Canadian Imperial Bank of Commerce 2.459%, 3M LIBOR + 0.120%, 01/14/19 (b)		2,000,000		2,000,594
Commonwealth Bank of Australia 2.487%, 3M LIBOR + 0.140%, 04/23/19 (b)		1,000,000		1,000,358
Cooperative Rabobank UA 2.479%, 3M LIBOR + 0.140%, 10/16/18 (b)		3,000,000		3,000,225
Industrial & Commercial Bank of China, Ltd. 2.500%, 10/24/18		1,000,000		1,000,013

BHFTI-118

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (o)—(Continued)

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Landesbank Baden-Wuettertemberg 2.180%, 10/02/18		1,000,000	$	1,000,002
Royal Bank of Canada New York 2.381%, 1M LIBOR + 0.250%, 01/11/19 (b)		2,500,000		2,500,825
Sumitomo Mitsui Banking Corp. 2.321%, 1M LIBOR + 0.190%, 04/11/19 (b)		2,000,000		1,999,906
Sumitomo Mitsui Trust Bank, Ltd. 2.423%, 3M LIBOR + 0.090%, 10/18/18 (b)		1,000,126		999,993
2.443%, 3M LIBOR + 0.110%, 10/11/18 (b)		1,500,000		1,500,010
Svenska Handelsbanken AB 2.439%, 3M LIBOR + 0.100%, 04/30/19 (b)		1,000,000		1,000,119
Wells Fargo Bank N.A. 2.473%, 3M LIBOR + 0.140%, 07/11/19 (b)		1,500,000		1,500,171
Westpac Banking Corp. 2.630%, FEDEFF PRV + 0.450%, 02/15/19 (b)		1,500,000		1,500,797
				25,503,909
Commercial Paper—0.5%
Bank of China, Ltd. 2.510%, 11/02/18		2,484,138		2,494,500
Sinopec Century Bright Capital Investment, Ltd. 2.400%, 11/01/18		994,000		997,834
UBS AG 2.534%, 1M LIBOR + 0.430%, 02/01/19 (b)		2,000,000		2,001,846
				5,494,180
Repurchase Agreements—2.0%
Citigroup Global Markets, Ltd. Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $800,149; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.625% - 2.875%, maturity dates ranging from 01/15/19 - 02/15/43, and an aggregate market value of $816,000.		800,000		800,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $500,093; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 1.750% - 2.875%, maturity dates ranging from 10/15/20 - 05/15/27, and an aggregate market value of $510,000.		500,000		500,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $800,149; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.375% - 3.125%, maturity dates ranging from 12/17/18 - 02/15/43, and an aggregate market value of $816,000.		800,000		800,000
Deutsche Bank AG, London Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $509,422; collateralized by various Common Stock with an aggregate market value of $556,661.		500,000		500,000
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $501,983; collateralized by various Common Stock with an aggregate market value of $555,623.		500,000		500,000

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Macquarie Bank, Ltd. London Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $1,280,724; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 5.500%, maturity dates ranging from 08/31/19 - 05/15/48, and an aggregate market value of $1,305,103.		1,280,489	$	1,280,489
Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 08/01/17 at 2.720%, due on 12/31/18 with a maturity value of $6,234,373; collateralized by various Common Stock with an aggregate market value of $6,600,001.		6,000,000		6,000,000
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $6,002,882; collateralized by various Common Stock with an aggregate market value of $6,601,286.		6,000,000		6,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $917,843; collateralized by various Common Stock with an aggregate market value of $1,001,390.		900,000		900,000
Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $202,587; collateralized by various Common Stock with an aggregate market value of $222,531.		200,000		200,000
Societe Generale Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $202,657; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $222,130.		200,000		200,000
Repurchase Agreement dated 03/16/18 at 2.310%, due on 10/01/18 with a maturity value of $202,554; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $222,130.		200,000		200,000
Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $1,316,183; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $1,443,843.		1,300,000		1,300,000
Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $1,315,599; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $1,443,843.		1,300,000		1,300,000
Repurchase Agreement dated 07/10/18 at 2.340%, due on 10/05/18 with a maturity value of $1,106,221; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $1,221,713.		1,100,000		1,100,000
				21,580,489

BHFTI-119

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (o)—(Continued)

Security Description	Principal Amount*		Value
Time Deposits—0.5%
DZ Bank AG 2.150%, 10/01/18		1,000,000	$	1,000,000
Erste Group Bank AG 2.170%, 10/01/18		1,000,000		1,000,000
Nordea Bank New York 2.140%, 10/01/18		1,000,000		1,000,000
Skandinaviska Enskilda Banken 2.130%, 10/01/18		1,000,000		1,000,000
Svenska Handelsbanken AB 2.140%, 10/01/18		1,000,000		1,000,000
				5,000,000
Total Securities Lending Reinvestments (Cost $57,572,867)				57,578,578
Total Investments—106.8% (Cost $1,149,396,186)				1,136,220,792
Unfunded Loan Commitments—(0.1)% (Cost $(1,224,412))				(1,224,412	)
Net Investments—106.7% (Cost $1,148,171,774)				1,134,996,380
Other assets and liabilities (net)—(6.7)%				(71,031,875	)
Net Assets—100.0%			$	1,063,964,505

*	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, 2018, the market value of securities loaned was $56,106,941 and the collateral received consisted of cash in the amount of $57,558,753. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(b)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. 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)	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, 2018, the market value of restricted securities was $22,679, which is 0.0% of net assets. See details shown in the Restricted Securities table that follows.
(d)	Payment-in-kind security for which part of the income earned may be paid as additional principal.
(e)	Illiquid security. As of September 30, 2018, these securities represent 0.5% of net assets.
(f)	Principal amount of security is adjusted for inflation.
(g)	Floating rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will have an expected average life of approximately two to four years. The stated interest rate represents the weighted average interest rate of all contracts within the senior loan facility and includes commitment fees on unfunded loan commitments, if any. Senior Loans typically have rates of interest which are determined either daily, monthly, quarterly or semi-annually by reference to a base lending rate, plus a premium. These base rates are primarily the London Interbank Offered Rate (“LIBOR”) and secondarily, the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit (“CD”) rate or other base lending rates used by commercial lenders.
(h)	This loan will settle after September 30, 2018, at which time the interest rate will be determined.
(i)	Unfunded or partially unfunded loan commitments. The Portfolio may enter into certain credit agreements for which all or a portion may be unfunded. The Portfolio is obligated to fund these commitments at the borrower’s discretion.
(j)	Interest only security.
(k)	Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3.
(l)	Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2018, these securities represent 0.4% of net assets.
(m)	Non-income producing security.
(n)	The rate shown represents current yield to maturity.
(o)	Represents investment of cash collateral received from securities on loan as of September 30, 2018.
(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, 2018, the market value of 144A securities was $268,284,430, which is 25.2% of net assets.

Restricted Securities	Acquisition Date		Principal Amount		Cost		Value
KSouth Africa, Ltd., Zero Coupon, 12/31/22		04/15/13-12/31/17	$	632,215	$	1,292,277	$	12,897
KSouth Africa, Ltd., Zero Coupon, 12/31/22		12/22/16-12/31/17		122,271		122,271		9,782
							$	22,679

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
AUD	661,148	DBAG		10/09/18		USD	492,056	$	(14,140	)
AUD	1,455,000	JPMC		10/09/18		USD	1,082,297		(30,538	)
BRL	810,000	JPMC		04/11/19		USD	191,943		5,092

BHFTI-120

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
IDR	9,730,000,000	JPMC		10/09/18		USD	696,144	$	(43,693	)
INR	51,540,000	DBAG		10/09/18		USD	780,909		(70,460	)
INR	45,300,000	JPMC		10/09/18		USD	684,342		(59,908	)
INR	81,900,000	JPMC		10/09/18		USD	1,238,095		(109,152	)
MXN	87,900,000	JPMC		10/09/18		USD	4,677,199		14,717
PLN	3,130,000	JPMC		03/14/19		USD	853,838		(1,087	)
SEK	13,360,000	JPMC		03/14/19		USD	1,518,465		6,645
Contracts to Deliver
AUD	661,148	DBAG		10/09/18		USD	513,547	$	35,630
AUD	1,455,000	JPMC		10/09/18		USD	1,130,091		78,332
CAD	1,320,000	JPMC		10/09/18		USD	1,050,412		28,273
EUR	253,765	BBP		03/14/19		USD	300,932		2,100
EUR	322,067	CBNA		03/14/19		USD	382,171		2,906
EUR	1,591,294	DBAG		03/14/19		USD	1,886,160		12,261
EUR	2,813,000	GSBU		03/14/19		USD	3,333,743		21,169
EUR	2,229,918	JPMC		03/14/19		USD	2,645,619		19,680
IDR	9,730,000,000	JPMC		10/09/18		USD	677,341		24,890
INR	65,800,000	JPMC		10/09/18		USD	956,673		49,659
MXN	21,560,000	JPMC		10/09/18		USD	1,113,010		(37,817	)
MXN	18,000,000	JPMC		10/09/18		USD	938,355		(22,447	)
PHP	23,500,000	JPMC		04/11/19		USD	427,001		(2,459	)
SEK	6,730,000	JPMC		03/14/19		USD	775,776		7,514
Net Unrealized Depreciation								$	(82,833	)

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
Canada Government Bond 10 Year Futures		12/18/18		31			CAD	4,111,220		$	(31,433	)
U.S. Treasury Note 2 Year Futures		12/31/18		794			USD	167,323,095			(455,372	)
Futures Contracts—Short
U.S. Treasury Note 10 Year Futures		12/19/18		(108	)		USD	(12,828,375	)		166,295
U.S. Treasury Note 5 Year Futures		12/31/18		(126	)		USD	(14,172,047	)		113,387
Net Unrealized Depreciation										$	(207,123	)

Swap Agreements

OTC Cross-Currency Swaps

Receive

Pay

Maturity Date (a)

Counterparty

Notional Amount of Currency Received

Notional Amount of Currency Delivered

Market Value

Upfront Premium Paid/(Received)

Unrealized Appreciation(1)

Floating rate equal to 3M USD-LIBOR plus 2.870% based on the notional amount of currency delivered

Fixed rate equal to 2.500% based on the notional amount of currency received

05/04/21

CBNA

$

697,200

EUR

600,000

$

1,036

$

—

$

1,036

(a) At the maturity date, the notional amount of the the currency received will be exchanged back for the notional amount of the currency delivered.

BHFTI-121

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

OTC Total Return Swaps

Pay/Receive Floating Rate

Floating Rate Index

Payment Frequency

Maturity Date

Counterparty

Underlying Reference Instrument

Notional Amount

Market Value

Upfront Premium Paid/(Received)

Unrealized Appreciation(1)

Pay

3M LIBOR

Quarterly

03/20/19

CSI

Markit iBoxx USD Liquid High Yield Index

USD

970,000

$

21,471

$

—

$

21,471

Pay

3M LIBOR

Quarterly

06/20/19

CBNA

Markit iBoxx USD Liquid High Yield Index

USD

5,400,000

148,008

—

148,008

Pay

3M LIBOR

Quarterly

03/20/19

CSI

Markit iBoxx USD Liquid High Yield Index

USD

1,730,000

30,493

—

30,493

Pay

3M LIBOR

Quarterly

06/20/19

JPMC

Markit iBoxx USD Liquid High Yield Index

USD

8,000,000

237,266

—

237,266

Totals

$

437,238

$

—

$

437,238

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 (Received)			Unrealized Appreciation/ (Depreciation)
Pay	3M LIBOR		Quarterly		2.750	%	Semi-Annually		03/20/21		USD	16,380,000	$	(119,209	)	$	(58,412	)	$	(60,797	)
Pay	3M LIBOR		Quarterly		2.750	%	Semi-Annually		03/20/21		USD	61,140,000		(444,958	)		(222,081	)		(222,877	)
Receive	12M CPURNSA		Maturity		1.960	%	Maturity		08/31/24		USD	10,800,000		327,117			—			327,117
Totals													$	(237,050	)	$	(280,493	)	$	43,443

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

Reference Obligation	Fixed Deal Receive Rate			Payment Frequency		Maturity Date		Implied Credit Spread at September 30, 2018(b)			Notional Amount(c)			Market Value			Upfront Premiums Paid/ (Received)			Unrealized Appreciation
CDX.NA.HY.30		5.000	%		Quarterly		06/20/23		3.071	%		USD	12,780,000	$	993,205		$	780,538		$	212,667
CDX.EM.30		1.000	%		Quarterly		12/20/23		1.917	%		USD	4,900,000		(205,886	)		(219,801	)		13,915
Totals														$	787,319		$	560,737		$	226,582

OTC Credit Default Swaps on Corporate and Sovereign Issues—Buy Protection (a)

Reference Obligation	Fixed Deal (Pay) Rate		Payment Frequency	Maturity Date		Counterparty	Implied Credit Spread at September 30, 2018(b)	Notional Amount(c)			Market Value		Upfront Premium Paid/(Received)		Unrealized Appreciation/ (Depreciation)
AES Corp. 5.000%, due 06/20/22		(5.000%)	Quarterly		06/20/22	JPMC	0.744%		USD	1,300,000	$	(194,706)	$	(177,082)	$	(17,624)
AES Corp. 5.000%, due 06/20/22		(5.000%)	Quarterly		06/20/22	JPMC	0.744%		USD	2,000,000		(299,548)		(281,770)		(17,778)
Ally Financial, Inc. 7.150%, due 09/15/20		(5.000%)	Quarterly		12/20/22	CBNA	0.994%		USD	700,000		(110,147)		(131,667)		21,520
Ally Financial, Inc. 7.150%, due 09/15/20		(5.000%)	Quarterly		12/20/22	JPMC	0.994%		USD	330,000		(51,927)		(62,735)		10,808
Ally Financial, Inc. 12 7.150%, due 09/15/20		(5.000%)	Quarterly		12/20/22	JPMC	0.994%		USD	770,000		(121,162)		(145,434)		24,272
Dish DBS Corp. 6.750%, due 06/20/21		(5.000%)	Quarterly		06/20/21	JPMC	2.129%		USD	1,620,000		(119,870)		(86,382)		(33,488)
Italy Government International Bond 6.875%, due 09/27/23		(1.000%)	Quarterly		06/20/23	BBP	2.401%		USD	1,600,000		92,327		17,133		75,194
Nabors Industries, Inc. 9.250%, due 01/15/19		(1.000%)	Quarterly		06/20/20	JPMC	0.584%		USD	30,000		(212)		830		(1,042)
Nabors Industries, Inc. 9.250%, due 01/15/19		(1.000%)	Quarterly		06/20/22	JPMC	2.025%		USD	775,000		27,348		19,417		7,931
Navient Corp. 5.500%, due 01/25/23		(5.000%)	Quarterly		03/20/20	JPMC	0.523%		USD	500,000		(32,555)		(37,952)		5,397
Republic of Turkey 11.875%, due 01/15/30		(1.000%)	Quarterly		12/20/19	BBP	2.897%		USD	366,667		8,291		22,801		(14,510)

BHFTI-122

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

OTC Credit Default Swaps on Corporate and Sovereign Issues—Buy Protection (a)—(Continued)

Reference Obligation	Fixed Deal (Pay) Rate		Payment Frequency	Maturity Date		Counterparty	Implied Credit Spread at September 30, 2018(b)	Notional Amount(c)			Market Value		Upfront Premium Paid/(Received)		Unrealized Appreciation/ (Depreciation)
Republic of Turkey 11.875%, due 01/15/30		(1.000%)	Quarterly		12/20/23	BBP	3.719%		USD	735,000	$	87,106	$	95,187	$	(8,081)
Springleaf Finance Corp. 5.000%, due 06/20/20		(5.000%)	Quarterly		06/20/20	BBP	0.586%		USD	600,000		(44,831)		(55,619)		10,788
Tenet Healthcare Corp. 6.875%, due 11/15/31		(5.000%)	Quarterly		03/20/19	BBP	0.326%		USD	1,800,000		(40,000)		(145,060)		105,060
Tenet Healthcare Corp. 6.875%, due 11/15/31		(5.000%)	Quarterly		03/20/19	CBNA	0.326%		USD	2,500,000		(55,555)		(220,999)		165,444
Totals											$	(855,441)	$	(1,189,332)	$	333,891

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

Reference Obligation	Fixed Deal Receive Rate		Payment Frequency	Maturity Date		Counterparty		Implied Credit Spread at September 30, 2018(b)	Notional Amount(c)			Market Value		Upfront Premium Paid/(Received)		Unrealized Appreciation/ (Depreciation)
American Tower Corp. 3.300%, due 02/15/21		1.000%	Quarterly		06/20/21		GSBU	1.128%		USD	2,700,000	$	(8,974)	$	(12,706)	$	3,732
Dish DBS Corp. 6.750%, due 06/20/21		5.000%	Quarterly		06/20/23		JPMC	4.606%		USD	1,620,000		25,581		(14,184)		39,765
Italy Government International Bond 6.875%, due 09/27/23		1.000%	Quarterly		06/20/23		BBP	2.401%		USD	1,600,000		(92,327)		(75,132)		(17,195)
Nabors Industries, Inc. 9.250%, due 01/15/19		1.000%	Quarterly		06/20/22		JPMC	2.025%		USD	30,000		(1,059)		(3,858)		2,799
Nabors Industries, Inc. 9.250%, due 01/15/19		1.000%	Quarterly		06/20/22		JPMC	2.025%		USD	775,000		(27,348)		(96,867)		69,519
Republic of Argentina 7.500%, due 04/22/26		5.000%	Quarterly		06/20/23		BBP	5.715%		USD	540,000		(14,616)		12,097		(26,713)
Republic of Argentina 7.500%, due 04/22/26		5.000%	Quarterly		06/20/23		CBNA	5.715%		USD	750,000		(20,301)		(18,743)		(1,558)
Republic of Brazil 4.250%, due 01/07/25		1.000%	Quarterly		12/20/23		CBNA	2.602%		USD	750,000		(54,768)		(66,653)		11,885
Republic of Colombia 10.375%, due 01/28/33		1.000%	Quarterly		12/20/23		JPMC	1.102%		USD	2,275,000		(11,099)		(16,302)		5,203
Republic of Indonesia 5.875%, due 03/13/20		1.000%	Quarterly		12/20/23		CBNA	1.306%		USD	2,275,000		(32,682)		(51,400)		18,718
United Mexican States 4.150%, due 03/28/27		1.000%	Quarterly		12/20/23		CBNA	1.128%		USD	2,650,000		(16,106)		(21,835)		5,729
Totals												$	(253,699)	$	(365,583)	$	111,884

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

Reference Obligation*	Fixed Deal Receive Rate		Payment Frequency	Maturity Date		Counterparty	Implied Credit Spread at September 30, 2018(b)	Notional Amount(c)			Market Value		Upfront Premium (Received)		Unrealized Appreciation
Bespoke Lisbon 3-7% CDX Tranche		0.790%	Quarterly		06/20/19	CBNA	0.273%		USD	1,700,000	$	6,392	$	—	$	6,392
Bespoke Lisbon 0-3% CDX Tranche		0.000%	Quarterly		06/20/19	CBNA	7.243%		USD	570,000		(29,234)		(153,900)		124,666
Bespoke 6-10% CDX Tranche		0.630%	Quarterly		12/20/18	CBNA	0.597%		USD	4,000,000		301		—		301
Bespoke Cambridge 0-3% CDX Tranche		0.000%	Quarterly		12/20/19	CBNA	11.276%		USD	1,100,000		(142,289)		(174,900)		32,611
Bespoke Hong Kong 3-5% CDX Tranche		1.000%	Quarterly		12/20/18	CBNA	0.695%		USD	3,000,000		2,099		(126,283)		128,382
Bespoke Verona 0-3% CDX Tranche		0.000%	Quarterly		12/20/19	CBNA	9.830%		USD	900,000		(102,450)		(220,500)		118,050
Bespoke Verona 7-15% CDX Tranche		0.400%	Quarterly		12/20/19	CBNA	0.160%		USD	1,650,000		4,839		—		4,839
Totals											$	(260,342)	$	(675,583)	$	415,241

Cash in the amount of $30,000 has been received at the custodian bank as collateral for OTC swap contracts.

BHFTI-123

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

*	Represents a custom index comprised of a basket of underlying issuers.
(a)	If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(b)	Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or indices as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as “Defaulted” indicates a credit event has occurred for the referenced entity or obligation.
(c)	The maximum potential amount of future undiscounted payments that the Portfolio could be required to make under a credit default swap contract would be the notional amount of the contract. These potential amounts would be partially offset by any recovery values of the referenced debt obligation or net amounts received from the settlement of purchased protection credit default swap contracts entered into by the Portfolio for the same referenced debt obligation.
(d)	If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(1)	There is no upfront payment premium paid or (received) therefore Market Value equals Unrealized Appreciation/(Depreciation).

Glossary of Abbreviations

Counterparties

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

Currencies

(AUD)—	Australian Dollar
(BRL)—	Brazilian Real
(CAD)—	Canadian Dollar
(EUR)—	Euro
(IDR)—	Indonesian Rupiah
(INR)—	Indian Rupee
(MXN)—	Mexican Peso
(PHP)—	Philippine Peso
(PLN)—	Polish Zloty
(SEK)—	Swedish Krona
(USD)—	United States Dollar

Index Abbreviations

(CDX.EM)—	Markit Emerging Markets CDS Index
(CDX.NA.HY)—	Markit North America High Yield CDS Index
(CMT)—	U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index
(CPURNSA)—	U.S. Consumer Price Index for All Urban Consumers Non-Seasonally Adjusted
(FEDEFF PRV)—	Effective Federal Funds Rate
(H15)—	U.S. Treasury 6-Month Auction High Discount Rate
(ICE)—	Intercontinental Exchange, Inc.
(LIBOR)—	London Interbank Offered Rate
(PRIME)—	U.S. Federal Reserve Prime Rate

Other Abbreviations

(ARM)—	Adjustable-Rate Mortgage
(CLO)—	Collateralized Loan Obligation
(CMO)—	Collateralized Mortgage Obligation
(ETF)—	Exchange-Traded Fund

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

BHFTI-124

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy—(Continued)

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1			Level 2			Level 3		Total
Total Corporate Bonds & Notes*	$	—		$	385,006,414		$	—	$	385,006,414
Total U.S. Treasury & Government Agencies*		—			325,742,330			—		325,742,330
Total Asset-Backed Securities*		—			198,604,880			2,600,000		201,204,880
Total Floating Rate Loans (Less Unfunded Loan Commitments)*		—			68,480,366			—		68,480,366
Total Mortgage-Backed Securities*		—			48,291,330			—		48,291,330
Total Foreign Government*		—			15,031,050			—		15,031,050
Total Municipals		—			10,463,216			—		10,463,216
Total Mutual Fund*		6,951,000			—			—		6,951,000
Common Stocks
Diversified Financial Services		—			—			1,226,465		1,226,465
Oil, Gas & Consumable Fuels		409,024			—			—		409,024
Paper & Forest Products		56,061			—			419,179		475,240
Total Common Stocks		465,085			—			1,645,644		2,110,729
Total Warrant*		2,596			—			—		2,596
Total Short-Term Investments*		—			14,133,891			—		14,133,891
Total Securities Lending Reinvestments*		—			57,578,578			—		57,578,578
Total Net Investments	$	7,418,681		$	1,123,332,055		$	4,245,644	$	1,134,996,380
Collateral for Securities Loaned (Liability)	$	—		$	(57,558,753	)	$	—	$	(57,558,753	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	308,868		$	—	$	308,868
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(391,701	)		—		(391,701	)
Total Forward Contracts	$	—		$	(82,833	)	$	—	$	(82,833	)
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	279,682		$	—		$	—	$	279,682
Futures Contracts (Unrealized Depreciation)		(486,805	)		—			—		(486,805	)
Total Futures Contracts	$	(207,123	)	$	—		$	—	$	(207,123	)
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Appreciation)	$	—		$	553,699		$	—	$	553,699
Centrally Cleared Swap Contracts (Unrealized Depreciation)		—			(283,674	)		—		(283,674	)
Total Centrally Cleared Swap Contracts	$	—		$	270,025		$	—	$	270,025
OTC Swap Contracts
OTC Swap Contracts at Value (Assets)	$	—		$	692,558		$	—	$	692,558
OTC Swap Contracts at Value (Liabilities)		—			(1,623,766	)		—		(1,623,766	)
Total OTC Swap Contracts	$	—		$	(931,208	)	$	—	$	(931,208	)

* 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, 2018 is not presented.

BHFTI-125

Brighthouse Funds Trust I

Brighthouse/Templeton International Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Foreign Government—60.5% of Net Assets

Security Description	Principal Amount*		Value
Argentina—2.8%
Argentina POM Politica Monetaria 43.077%, ARLLMON + 0.000%, 06/21/20 (ARS) (a)		2,100,000	$	61,286
Argentine Bonos del Tesoro 15.500%, 10/17/26 (ARS)		693,671,000		13,644,940
16.000%, 10/17/23 (ARS)		370,242,000		7,913,262
18.200%, 10/03/21 (ARS)		329,017,000		7,062,032
Argentina Bonar Bonds 37.717%, BADLAR + 2.000%, 04/03/22 (ARS) (a)		20,147,000		511,848
Bonos de la Nacion Argentina con Ajuste por CER 3.750%, 02/08/19 (ARS) (b)		26,046,000		785,354
4.000%, 03/06/20 (ARS) (b)		788,000		22,424
Bonos De La Nacion Argentina En Moneda Dua 4.500%, 02/13/20		4,257,000		3,990,938
Letras del Banco Central de la Republica Argentina 27.662%, 10/17/18 (ARS) (c)		47,212,000		1,119,095
36.010%, 11/21/18 (ARS) (c)		9,973,000		227,110
				35,338,289
Brazil—3.7%
Brazil Letras do Tesouro Nacional Zero Coupon, 07/01/21 (BRL)		14,410,000		2,750,933
Zero Coupon, 07/01/20 (BRL)		83,081,000		17,728,301
Brazil Notas do Tesouro Nacional 10.000%, 01/01/21 (BRL)		36,775,000		9,430,064
10.000%, 01/01/23 (BRL)		51,875,000		12,808,426
10.000%, 01/01/27 (BRL)		16,890,000		3,945,557
				46,663,281
Colombia—4.0%
Colombian TES 6.000%, 04/28/28 (COP)		5,915,600,000		1,872,946
7.000%, 05/04/22 (COP)		653,000,000		228,967
7.000%, 06/30/32 (COP)		7,946,000,000		2,621,966
7.500%, 08/26/26 (COP)		9,819,300,000		3,474,348
7.750%, 09/18/30 (COP)		108,388,100,000		38,555,185
10.000%, 07/24/24 (COP)		10,589,000,000		4,206,815
				50,960,227
Ghana—1.3%
Ghana Government Bonds 16.250%, 05/17/21 (GHS)		9,750,000		1,807,090
16.500%, 03/22/21 (GHS)		2,320,000		435,376
16.500%, 02/06/23 (GHS)		13,400,000		2,372,091
17.600%, 11/28/22 (GHS)		10,940,000		2,055,137
18.250%, 09/21/20 (GHS)		2,170,000		435,687
18.250%, 07/25/22 (GHS)		5,170,000		993,137
18.500%, 06/01/20 (GHS)		670,000		135,631
19.750%, 03/15/32 (GHS)		18,788,000		3,519,912
21.000%, 03/23/20 (GHS)		2,310,000		484,494
21.500%, 03/09/20 (GHS)		1,000,000		210,884
24.500%, 10/22/18 (GHS)		4,530,000		925,282
24.750%, 03/01/21 (GHS)		810,000		179,707
24.750%, 07/19/21 (GHS)		1,490,000		328,802
Ghana Treasury Notes 17.180%, 01/06/20 (GHS)		1,860,000		373,225
17.240%, 11/11/19 (GHS)		7,030,000		1,416,541

Security Description	Principal Amount*		Value
Ghana—(Continued)
Ghana Treasury Notes 21.000%, 01/07/19 (GHS)		4,470,000	$	921,909
				16,594,905
India—7.0%
India Government Bonds 6.790%, 05/15/27 (INR)		3,400,000,000		43,130,189
6.840%, 12/19/22 (INR)		365,000,000		4,826,721
7.680%, 12/15/23 (INR)		1,164,000,000		15,744,268
8.080%, 08/02/22 (INR)		1,344,000,000		18,512,678
8.200%, 02/15/22 (INR)		547,000,000		7,586,616
				89,800,472
Indonesia—8.6%
Indonesia Treasury Bonds 5.625%, 05/15/23 (IDR)		96,951,000,000		5,907,560
7.000%, 05/15/22 (IDR)		631,607,000,000		41,392,458
8.375%, 03/15/24 (IDR)		81,624,000,000		5,515,912
8.375%, 09/15/26 (IDR)		45,918,000,000		3,103,843
8.375%, 03/15/34 (IDR)		49,720,000,000		3,271,200
8.750%, 05/15/31 (IDR)		22,479,000,000		1,546,219
9.000%, 03/15/29 (IDR)		11,396,000,000		800,224
10.000%, 09/15/24 (IDR)		186,070,000,000		13,408,440
10.000%, 02/15/28 (IDR)		34,960,000,000		2,578,078
10.500%, 08/15/30 (IDR)		2,470,000,000		191,544
11.500%, 09/15/19 (IDR)		7,238,000,000		503,178
12.800%, 06/15/21 (IDR)		78,179,000,000		5,882,089
12.900%, 06/15/22 (IDR)		341,823,000,000		26,319,786
				110,420,531
Mexico—20.6%
Mexican Bonos 5.000%, 12/11/19 (MXN)		753,040,000		38,907,067
6.500%, 06/10/21 (MXN)		687,730,000		35,627,898
8.000%, 06/11/20 (MXN)		431,860,000		23,152,302
Mexican Udibonos 2.500%, 12/10/20 (MXN) (b)		15,012,650		783,507
4.000%, 06/13/19 (MXN) (b)		19,017,651		1,016,704
Mexico Cetes 6.799%, 10/11/18 (MXN) (c)		1,022,027,000		5,445,786
7.127%, 12/06/18 (MXN) (c)		2,227,767,000		11,728,454
7.372%, 10/25/18 (MXN) (c)		1,391,448,000		7,392,579
7.465%, 01/31/19 (MXN) (c)		2,808,624,000		14,605,925
7.518%, 05/23/19 (MXN) (c)		4,808,998,000		24,407,065
7.531%, 03/28/19 (MXN) (c)		2,718,381,000		13,964,350
7.531%, 09/12/19 (MXN) (c)		1,531,208,000		7,586,983
7.551%, 07/04/19 (MXN) (c)		2,131,826,000		10,722,353
7.552%, 11/22/18 (MXN) (c)		515,873,000		2,724,225
7.583%, 07/18/19 (MXN) (c)		4,185,409,000		20,988,102
7.587%, 11/08/18 (MXN) (c)		1,026,095,000		5,435,112
7.755%, 02/28/19 (MXN) (c)		1,964,259,000		10,152,555
7.757%, 02/14/19 (MXN) (c)		4,957,558,000		25,702,530
7.764%, 03/14/19 (MXN) (c)		620,383,000		3,196,726
				263,540,223

BHFTI-126

Brighthouse Funds Trust I

Brighthouse/Templeton International Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Foreign Government—(Continued)

Security Description	Principal Amount*		Value
Peru—0.2%
Peru Government Bond 7.840%, 08/12/20 (PEN)		5,663,000	$	1,879,325
South Korea—7.6%
Korea Treasury Bonds 1.375%, 09/10/21 (KRW)		28,281,400,000		24,995,404
1.875%, 03/10/22 (KRW)		65,589,000,000		58,642,863
4.250%, 06/10/21 (KRW)		14,150,400,000		13,482,598
				97,120,865
Thailand—4.3%
Thailand Government Bond 3.875%, 06/13/19 (THB)		1,747,490,000		54,851,733
Ukraine—0.4%
Ukraine Government International Bond Zero Coupon, 05/31/40 (144A) (a)		10,673,000		5,601,404
Total Foreign Government (Cost $855,236,777)				772,771,255
U.S. Treasury & Government Agencies—0.6%
U.S. Treasury—0.6%
U.S. Treasury Notes 2.750%, 02/15/19 (Cost $7,039,801)		7,659,000		7,670,070
Short-Term Investments—35.3%
Discount Note—13.3%
Federal Home Loan Bank Zero Coupon, 10/01/18 (c)		170,000,000		170,000,000
Foreign Government—1.7%
Argentina Treasury Bills Zero Coupon, 09/30/19 (ARS) (c)		342,030,000		8,428,567
1.848%, 03/29/19 (ARS) (c)		22,926,000		549,691
3.020%, 10/12/18 (ARS) (c)		4,029,000		108,312

Security Description	Principal Amount*		Value
Foreign Government—(Continued)
Philippine Treasury Bill 2.946%, 12/19/18 (c)		683,970,000	$	12,542,070
				21,628,640
Repurchase Agreement—14.5%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $185,461,791; collateralized by U.S. Treasury Note at 2.125%, maturing 09/30/24, with a market value of $189,158,150.		185,446,337		185,446,337
U.S. Treasury—5.8%
U.S. Treasury Bills 1.950%, 01/31/19 (c)		41,321,000		41,009,603
2.070%, 10/25/18 (c)		33,000,000		32,954,295
				73,963,898
Total Short-Term Investments (Cost $451,832,341)				451,038,875
Total Investments— 96.4% (Cost $1,314,108,919)				1,231,480,200
Other assets and liabilities (net)—3.6%				45,522,756
Net Assets—100.0%			$	1,277,002,956

*	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, 2018. 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)	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, 2018, the market value of 144A securities was $5,601,404, which is 0.4% of net assets.

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
BRL	303,973,677	JPMC		03/06/19		USD	71,254,964	$	2,970,407
INR	2,130,845,000	HSBC		10/16/18		USD	30,839,352		(1,492,601	)
INR	69,899,500	HSBC		10/30/18		USD	1,006,204		(45,198	)
INR	14,658,000	JPMC		11/06/18		USD	210,897		(9,549	)
JPY	18,213,812	DBAG		10/02/18		USD	160,630		(325	)
KRW	16,897,000,000	HSBC		10/05/18		USD	15,236,249		(2,301	)

BHFTI-127

Brighthouse Funds Trust I

Brighthouse/Templeton International Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
AUD	286,550	CBNA		10/09/18		USD	220,638	$	13,503
AUD	9,949,500	JPMC		10/11/18		USD	7,144,786		(47,367	)
AUD	13,263,016	JPMC		10/12/18		USD	9,450,390		(137,066	)
AUD	6,635,984	JPMC		10/12/18		USD	4,937,869		140,905
AUD	8,836,613	CBNA		10/15/18		USD	6,273,774		(114,114	)
AUD	10,047,000	JPMC		10/15/18		USD	7,605,378		342,514
AUD	10,047,000	JPMC		10/15/18		USD	7,164,556		(98,308	)
AUD	519,000	JPMC		10/18/18		USD	372,435		(2,753	)
AUD	29,844,000	JPMC		10/22/18		USD	21,463,805		(111,293	)
AUD	286,550	CBNA		11/08/18		USD	211,548		4,365
AUD	8,836,613	CBNA		11/13/18		USD	6,275,056		(114,282	)
AUD	9,949,500	JPMC		11/13/18		USD	7,369,097		175,083
AUD	10,047,000	JPMC		11/16/18		USD	7,290,153		25,481
AUD	441,000	JPMC		11/20/18		USD	318,909		26
AUD	5,331,000	CBNA		11/23/18		USD	3,896,268		41,388
AUD	8,867,774	CBNA		12/13/18		USD	6,298,337		(115,140	)
AUD	10,047,000	JPMC		02/15/19		USD	7,409,411		137,147
EUR	4,694,250	GSBU		10/04/18		USD	5,471,439		20,320
EUR	3,829,187	BOA		10/05/18		USD	4,495,082		48,153
EUR	11,300,422	DBAG		10/05/18		USD	13,205,221		81,762
EUR	3,672,600	JPMC		10/05/18		USD	4,292,682		27,601
EUR	9,359,372	UBSA		10/09/18		USD	10,993,705		121,012
EUR	5,723,000	HSBC		10/10/18		USD	6,773,914		125,043
EUR	3,411,360	JPMC		10/11/18		USD	4,047,852		84,291
EUR	3,411,360	JPMC		10/11/18		USD	3,960,944		(2,617	)
EUR	11,794,825	DBAG		10/12/18		USD	13,912,821		207,692
EUR	2,518,372	BOA		10/15/18		USD	2,978,327		51,394
EUR	20,376,830	CBNA		10/15/18		USD	23,610,633		(71,975	)
EUR	3,280,343	GSBU		10/15/18		USD	3,878,841		66,321
EUR	619,819	JPMC		10/15/18		USD	720,376		2
EUR	4,918,354	BOA		10/16/18		USD	5,603,530		(113,184	)
EUR	900,000	GSBU		10/16/18		USD	1,057,860		11,770
EUR	3,821,000	HSBC		10/16/18		USD	4,495,005		53,771
EUR	446,000	SCB		10/17/18		USD	507,949		(10,487	)
EUR	5,023,440	BOA		10/18/18		USD	5,873,205		33,440
EUR	815,500	GSBU		10/18/18		USD	961,095		13,074
EUR	1,986,636	DBAG		10/22/18		USD	2,325,576		15,387
EUR	4,103,813	GSBU		10/22/18		USD	4,815,209		43,029
EUR	4,631,000	MSC		10/22/18		USD	5,425,587		40,360
EUR	6,686,730	UBSA		10/22/18		USD	7,837,182		61,418
EUR	12,323,000	JPMC		10/23/18		USD	14,395,174		64,076
EUR	4,631,000	MSC		10/23/18		USD	5,361,378		(24,268	)
EUR	3,566,100	DBAG		10/24/18		USD	4,156,397		8,859
EUR	19,463,000	SCB		10/24/18		USD	22,906,005		269,645
EUR	4,520,000	UBSA		10/24/18		USD	5,323,611		66,644
EUR	699,631	DBAG		10/25/18		USD	824,865		11,099
EUR	3,696,678	HSBC		10/25/18		USD	4,347,922		48,182
EUR	2,240,854	JPMC		10/25/18		USD	2,637,501		31,082
EUR	10,021,278	BOA		10/29/18		USD	11,796,347		136,608
EUR	10,021,278	BOA		10/31/18		USD	11,820,298		158,744
EUR	2,317,504	BBP		10/31/18		USD	2,718,029		21,197
EUR	4,190,725	CBNA		10/31/18		USD	4,917,040		40,380
EUR	49,348,225	DBAG		10/31/18		USD	58,073,978		648,469
EUR	2,480,403	SCB		10/31/18		USD	2,908,520		22,127
EUR	1,620,000	HSBC		11/02/18		USD	1,914,305		28,851
EUR	6,729,500	GSBU		11/05/18		USD	7,915,507		81,463
EUR	649,410	CBNA		11/06/18		USD	760,037		3,977

BHFTI-128

Brighthouse Funds Trust I

Brighthouse/Templeton International Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
EUR	4,077,750	JPMC		11/08/18		USD	4,742,207	$	(5,962	)
EUR	3,078,169	JPMC		11/09/18		USD	3,597,124		12,594
EUR	419,000	HSBC		11/14/18		USD	488,958		841
EUR	609,133	JPMC		11/14/18		USD	709,563		(51	)
EUR	309,733	DBAG		11/16/18		USD	355,199		(5,684	)
EUR	6,622,251	JPMC		11/16/18		USD	7,590,126		(125,732	)
EUR	5,023,440	BOA		11/19/18		USD	5,887,622		33,224
EUR	6,585,520	JPMC		11/20/18		USD	7,540,750		(134,725	)
EUR	2,240,854	JPMC		11/21/18		USD	2,568,176		(43,763	)
EUR	6,686,730	UBSA		11/23/18		USD	7,697,195		(98,080	)
EUR	281,896	UBSA		11/23/18		USD	324,474		(4,156	)
EUR	2,341,000	BOA		11/26/18		USD	2,695,217		(34,525	)
EUR	49,367,619	DBAG		11/29/18		USD	57,923,027		343,932
EUR	2,529,597	SCB		11/29/18		USD	2,964,511		14,158
EUR	1,158,752	BBP		11/30/18		USD	1,364,506		12,908
EUR	1,120,359	BOA		12/04/18		USD	1,314,069		6,809
EUR	4,694,250	GSBU		12/04/18		USD	5,497,366		20,008
EUR	9,216,000	SCB		12/06/18		USD	10,711,462		(44,232	)
EUR	7,317,560	BOA		12/07/18		USD	8,562,424		21,442
EUR	11,300,422	DBAG		12/07/18		USD	13,223,640		33,904
EUR	6,270,000	GSBU		12/07/18		USD	7,339,819		21,539
EUR	8,039,372	UBSA		12/07/18		USD	9,411,692		28,220
EUR	708,000	DBAG		12/10/18		USD	829,925		3,294
EUR	11,794,825	DBAG		12/12/18		USD	13,782,960		8,940
EUR	609,133	JPMC		12/14/18		USD	711,156		(339	)
EUR	3,280,343	GSBU		12/17/18		USD	3,861,291		28,490
EUR	5,023,440	BOA		12/18/18		USD	5,900,909		30,831
EUR	1,158,752	BBP		12/28/18		USD	1,375,340		19,872
JPY	18,213,812	DBAG		10/02/18		USD	166,187		5,883
JPY	169,200,000	JPMC		10/04/18		USD	1,530,903		41,510
JPY	133,330,000	SCB		10/05/18		USD	1,274,568		100,837
JPY	159,900,000	HSBC		10/09/18		USD	1,438,868		30,823
JPY	578,374,700	BBP		10/11/18		USD	5,269,881		176,106
JPY	296,207,000	DBAG		10/11/18		USD	2,691,788		83,078
JPY	44,450,000	CBNA		10/12/18		USD	402,282		10,781
JPY	112,664,666	CBNA		10/15/18		USD	1,020,245		27,717
JPY	100,800,000	CBNA		10/15/18		USD	912,391		24,385
JPY	554,560,000	BBP		10/17/18		USD	4,962,550		76,410
JPY	183,890,000	HSBC		10/17/18		USD	1,646,218		25,993
JPY	2,806,144,805	GSBU		10/18/18		USD	25,211,310		485,037
JPY	246,638,818	BBP		10/19/18		USD	2,206,399		32,992
JPY	8,634,400	HSBC		10/22/18		USD	77,064		960
JPY	159,950,000	JPMC		10/22/18		USD	1,427,163		17,363
JPY	788,534,000	JPMC		10/23/18		USD	7,026,085		75,443
JPY	250,376,450	BBP		10/26/18		USD	2,294,842		87,389
JPY	811,652,000	BBP		10/31/18		USD	7,208,693		50,163
JPY	411,460,000	BBP		10/31/18		USD	3,731,454		102,499
JPY	359,980,000	GSBU		10/31/18		USD	3,264,947		90,030
JPY	100,475,000	MSC		10/31/18		USD	891,447		5,287
JPY	18,400,188	DBAG		11/02/18		USD	166,038		3,731
JPY	2,674,232,353	CBNA		11/08/18		USD	24,143,298		543,729
JPY	521,167,667	CBNA		11/13/18		USD	4,718,606		117,740
JPY	398,067,360	CBNA		11/16/18		USD	3,613,407		98,507
JPY	791,049,590	UBSA		11/16/18		USD	7,178,895		193,996
JPY	246,638,817	BBP		11/19/18		USD	2,211,207		32,935
JPY	2,806,144,805	GSBU		11/19/18		USD	25,268,519		485,121
JPY	92,945,025	BOA		11/20/18		USD	843,460		22,525

BHFTI-129

Brighthouse Funds Trust I

Brighthouse/Templeton International Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
JPY	8,604,125	BOA		11/21/18		USD	76,939	$	937
JPY	427,709,000	BOA		11/26/18		USD	3,900,533		121,163
JPY	8,627,500	BOA		11/26/18		USD	78,587		2,352
JPY	420,518,000	JPMC		11/28/18		USD	3,805,298		88,932
JPY	522,890,000	BBP		11/29/18		USD	4,726,817		105,394
JPY	256,658,000	DBAG		11/29/18		USD	2,327,921		59,519
JPY	525,061,000	HSBC		11/29/18		USD	4,759,095		118,484
JPY	100,475,000	BNP		11/30/18		USD	907,326		19,240
JPY	3,303,614,132	DBAG		11/30/18		USD	29,913,934		713,710
JPY	94,800,000	JPMC		11/30/18		USD	858,968		21,043
JPY	488,094,000	HSBC		12/04/18		USD	4,415,941		100,345
JPY	169,200,000	JPMC		12/04/18		USD	1,537,602		41,581
JPY	462,800,000	CBNA		12/10/18		USD	4,194,689		100,132
JPY	895,640,000	CBNA		12/11/18		USD	8,105,559		180,673
JPY	693,100,000	HSBC		12/11/18		USD	6,273,534		140,780
JPY	210,400,000	DBAG		12/12/18		USD	1,906,022		44,143
JPY	635,480,000	HSBC		12/12/18		USD	5,756,159		132,649
JPY	119,465,000	CBNA		12/13/18		USD	1,080,095		22,809
JPY	92,945,025	BOA		12/18/18		USD	838,098		15,082
JPY	804,960,460	CBNA		12/18/18		USD	7,374,641		246,822
JPY	929,100,000	DBAG		12/18/18		USD	8,534,659		307,601
JPY	2,806,650,830	GSBU		12/18/18		USD	25,324,841		472,319
JPY	930,530,000	HSBC		12/18/18		USD	8,539,519		299,799
JPY	164,870,000	HSBC		12/18/18		USD	1,482,377		22,475
JPY	228,300,000	JPMC		12/18/18		USD	2,054,295		32,729
JPY	119,300,000	MSC		12/18/18		USD	1,072,803		16,417
JPY	105,370,000	DBAG		12/19/18		USD	946,508		13,372
JPY	149,920,000	DBAG		12/28/18		USD	1,335,769		6,837
JPY	581,423,000	JPMC		12/28/18		USD	5,180,246		26,353
JPY	18,213,812	DBAG		01/04/19		USD	161,873		301
JPY	596,690,000	BBP		01/11/19		USD	5,424,849		128,658
JPY	174,225,000	GSBU		01/11/19		USD	1,583,432		37,019
JPY	360,500,000	JPMC		01/16/19		USD	3,313,419		112,329
JPY	248,150,000	SCB		01/22/19		USD	2,293,438		88,887
JPY	698,590,000	BBP		01/24/19		USD	6,463,997		256,744
JPY	105,570,000	DBAG		01/24/19		USD	973,453		35,421
JPY	2,940,787,800	JPMC		01/24/19		USD	27,205,963		1,075,884
JPY	353,334,000	CBNA		01/25/19		USD	3,280,481		140,709
JPY	544,000,000	JPMC		01/25/19		USD	5,046,429		212,375
JPY	443,025,359	HSBC		01/31/19		USD	4,161,035		222,319
JPY	222,454,667	CBNA		02/14/19		USD	2,099,768		119,764
JPY	105,370,000	BBP		02/15/19		USD	1,005,410		67,465
JPY	108,840,000	CBNA		02/15/19		USD	1,038,401		69,568
JPY	470,663,000	JPMC		02/15/19		USD	4,303,401		113,823
JPY	157,477,000	HSBC		02/19/19		USD	1,440,699		38,466
JPY	1,308,701,000	JPMC		02/19/19		USD	11,980,821		327,674
JPY	93,849,000	SCB		02/19/19		USD	854,882		19,217
JPY	406,893,200	CBNA		02/21/19		USD	3,736,427		112,708
JPY	151,705,000	CBNA		02/21/19		USD	1,393,080		42,022
JPY	644,481,000	DBAG		02/21/19		USD	5,920,111		180,477
JPY	708,721,956	CBNA		03/20/19		USD	6,403,053		77,281
JPY	843,151,259	JPMC		03/25/19		USD	7,607,540		78,808
JPY	350,622,000	SCB		03/25/19		USD	3,160,123		29,322
JPY	465,903,000	CBNA		03/26/19		USD	4,197,786		37,266
JPY	1,091,554,000	DBAG		03/26/19		USD	9,836,744		89,153
JPY	639,006,000	HSBC		03/26/19		USD	5,751,111		44,780
KRW	16,897,000,000	HSBC		10/05/18		USD	15,113,596		(120,352	)
KRW	7,476,000,000	CBNA		11/15/18		USD	6,991,817		245,830

BHFTI-130

Brighthouse Funds Trust I

Brighthouse/Templeton International Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
KRW	7,690,000,000	DBAG		11/19/18		USD	7,203,072	$	263,336
KRW	14,004,000,000	HSBC		11/30/18		USD	12,535,470		(105,488	)
KRW	17,622,000,000	GSBU		12/07/18		USD	16,402,476		492,352
KRW	7,689,000,000	DBAG		12/11/18		USD	7,239,772		296,753
KRW	16,897,000,000	HSBC		01/10/19		USD	15,265,155		(8,617	)
KRW	23,877,000,000	HSBC		02/19/19		USD	21,368,355		(246,571	)
KRW	11,175,000,000	HSBC		03/20/19		USD	10,427,845		300,767
Cross Currency Contracts to Buy
BRL	29,034,000	CBNA		10/02/18		EUR	6,433,842		(280,802	)
BRL	29,034,000	CBNA		04/01/19		EUR	5,972,599		26,411
EUR	6,165,640	CBNA		10/02/18		BRL	29,034,000		(30,594	)
IDR	58,860,000,000	JPMC		01/11/19		AUD	5,352,856		25,895
Net Unrealized Appreciation								$	15,369,013

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)
Receive	3M LIBOR		Semi-Annually	1.817%	Quarterly		02/03/25		USD	8,640,000	$	628,203		$	—	$	628,203
Receive	3M LIBOR		Semi-Annually	1.914%	Quarterly		01/22/25		USD	35,110,000		2,341,233			—		2,341,233
Receive	3M LIBOR		Semi-Annually	1.937%	Quarterly		01/29/25		USD	6,480,000		424,470			—		424,470
Receive	3M LIBOR		Semi-Annually	1.942%	Quarterly		01/30/25		USD	5,480,000		357,844			—		357,844
Receive	3M LIBOR		Semi-Annually	1.970%	Quarterly		01/23/25		USD	17,556,000		1,115,085			—		1,115,085
Receive	3M LIBOR		Semi-Annually	1.973%	Quarterly		01/27/25		USD	25,900,000		1,642,314			—		1,642,314
Receive	3M LIBOR		Semi-Annually	2.378%	Quarterly		11/18/46		USD	24,800,000		3,618,136			—		3,618,136
Receive	3M LIBOR		Semi-Annually	2.537%	Quarterly		04/13/47		USD	32,700,000		3,794,057			—		3,794,057
Receive	3M LIBOR		Semi-Annually	2.587%	Quarterly		07/27/47		USD	36,300,000		3,872,753			—		3,872,753
Receive	3M LIBOR		Semi-Annually	2.731%	Quarterly		07/07/24		USD	14,050,000		250,124			—		250,124
Receive	3M LIBOR		Semi-Annually	2.794%	Quarterly		03/13/47		USD	24,900,000		1,637,456			—		1,637,456
Receive	3M LIBOR		Semi-Annually	2.980%	Quarterly		02/20/48		USD	13,258,000		392,010			—		392,010
Receive	3M LIBOR		Semi-Annually	3.002%	Quarterly		02/22/48		USD	13,258,000		333,366			—		333,366
Receive	3M LIBOR		Semi-Annually	3.018%	Quarterly		08/22/23		USD	26,870,000		49,747			216,853		(167,106	)
Receive	3M LIBOR		Semi-Annually	3.019%	Quarterly		02/23/48		USD	13,258,000		288,501			—		288,501
Receive	3M LIBOR		Semi-Annually	3.848%	Quarterly		08/20/43		USD	15,360,000		(1,935,421	)		—		(1,935,421	)
Totals											$	18,809,878		$	216,853	$	18,593,025

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.
(MSC)—	Morgan Stanley & Co.
(SCB)—	Standard Chartered Bank
(UBSA)—	UBS AG

BHFTI-131

Brighthouse Funds Trust I

Brighthouse/Templeton International Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Glossary of Abbreviations—(Continued)

Currencies

(ARS)—	Argentine Peso
(AUD)—	Australian Dollar
(BRL)—	Brazilian Real
(COP)—	Colombian Peso
(EUR)—	Euro
(GHS)—	Ghana Cedi
(IDR)—	Indonesian Rupiah
(INR)—	Indian Rupee
(JPY)—	Japanese Yen
(KRW)—	South Korean Won
(MXN)—	Mexican Peso
(PEN)—	Peruvian Nuevo Sol
(THB)—	Thai Baht
(USD)—	United States Dollar

Index Abbreviations

(ARLLMON)—	Argentina Blended Policy Rate
(BADLAR)—	Buenos Aires Deposits of Large Amount Rate Index
(LIBOR)—	London Interbank Offered Rate

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2			Level 3		Total
Total Foreign Government*	$	—	$	772,771,255		$	—	$	772,771,255
Total U.S. Treasury & Government Agencies*		—		7,670,070			—		7,670,070
Total Short-Term Investments*		—		451,038,875			—		451,038,875
Total Investments	$	—	$	1,231,480,200		$	—	$	1,231,480,200
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—	$	19,171,514		$	—	$	19,171,514
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—		(3,802,501	)		—		(3,802,501	)
Total Forward Contracts	$	—	$	15,369,013		$	—	$	15,369,013
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Appreciation)	$	—	$	20,695,552		$	—	$	20,695,552
Centrally Cleared Swap Contracts (Unrealized Depreciation)		—		(2,102,527	)		—		(2,102,527	)
Total Centrally Cleared Swap Contracts	$	—	$	18,593,025		$	—	$	18,593,025

* See Schedule of Investments for additional detailed categorizations.

BHFTI-132

Brighthouse Funds Trust I

Brighthouse/Wellington Large Cap Research Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—99.0% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—4.7%
Boeing Co. (The)		111,474	$	41,457,181
General Dynamics Corp.		104,826		21,459,979
Harris Corp.		81,244		13,747,297
Lockheed Martin Corp.		100,769		34,862,043
Moog, Inc. - Class A		70,594		6,068,966
				117,595,466
Air Freight & Logistics—0.1%
FedEx Corp.		10,916		2,628,464
Airlines—0.4%
JetBlue Airways Corp. (a) (b)		355,105		6,874,833
Spirit Airlines, Inc. (a) (b)		37,787		1,774,855
				8,649,688
Banks—3.1%
Bank of America Corp.		2,404,983		70,850,799
Zions Bancorp		144,781		7,260,767
				78,111,566
Beverages—1.7%
Coca-Cola Co. (The)		686,343		31,702,183
Monster Beverage Corp. (a)		176,997		10,315,385
				42,017,568
Biotechnology—1.8%
Aduro Biotech, Inc. (a) (b)		110,509		812,241
Alnylam Pharmaceuticals, Inc. (a) (b)		21,339		1,867,589
Aptinyx, Inc. (a) (b)		67,668		1,959,665
Arcus Biosciences, Inc. (a) (b)		37,977		529,399
Audentes Therapeutics, Inc. (a) (b)		28,860		1,142,567
Biogen, Inc. (a)		9,005		3,181,557
Biohaven Pharmaceutical Holding Co., Ltd. (a)		81,546		3,062,052
Bluebird Bio, Inc. (a) (b)		13,859		2,023,414
Calithera Biosciences, Inc. (a)		51,800		271,950
Celgene Corp. (a)		8,971		802,815
Coherus Biosciences, Inc. (a)		121,160		1,999,140
Five Prime Therapeutics, Inc. (a) (b)		17,861		248,625
Forty Seven, Inc. (a)		79,518		1,186,409
G1 Therapeutics, Inc. (a) (b)		28,739		1,502,762
Global Blood Therapeutics, Inc. (a) (b)		30,750		1,168,500
GlycoMimetics, Inc. (a) (b)		115,038		1,656,547
Heron Therapeutics, Inc. (a)		25,195		797,422
Incyte Corp. (a)		21,888		1,512,023
Ironwood Pharmaceuticals, Inc. (a) (b)		112,402		2,074,941
Jounce Therapeutics, Inc. (a)		25,319		164,573
Karyopharm Therapeutics, Inc. (a)		91,751		1,562,520
Loxo Oncology, Inc. (a)		16,095		2,749,509
Momenta Pharmaceuticals, Inc. (a) (b)		86,992		2,287,890
Neon Therapeutics, Inc. (a) (b)		21,757		185,805
Ra Pharmaceuticals, Inc. (a)		78,428		1,418,763
Radius Health, Inc. (a)		37,824		673,267
Regeneron Pharmaceuticals, Inc. (a)		2,830		1,143,433
Rigel Pharmaceuticals, Inc. (a)		130,522		418,976
Seattle Genetics, Inc. (a) (b)		46,025		3,549,448

Security Description	Shares		Value
Biotechnology—(Continued)
Spark Therapeutics, Inc. (a) (b)		12,800	$	698,240
Syndax Pharmaceuticals, Inc. (a) (b)		88,202		712,672
TESARO, Inc. (a) (b)		21,709		846,868
Trevena, Inc. (a) (b)		188,677		399,995
				44,611,577
Capital Markets—2.7%
Blucora, Inc. (a)		361,795		14,562,249
Cohen & Steers, Inc. (b)		141,284		5,737,543
Northern Trust Corp.		141,167		14,417,386
Raymond James Financial, Inc. (b)		168,924		15,549,454
TD Ameritrade Holding Corp. (b)		293,398		15,500,216
				65,766,848
Chemicals—2.1%
Cabot Corp.		77,983		4,891,094
Celanese Corp.		74,237		8,463,018
DowDuPont, Inc.		193,490		12,443,342
FMC Corp. (b)		55,385		4,828,464
PPG Industries, Inc.		103,470		11,291,681
Praxair, Inc.		51,302		8,245,770
Westlake Chemical Corp. (b)		36,418		3,026,700
				53,190,069
Construction & Engineering—0.1%
Jacobs Engineering Group, Inc.		22,865		1,749,173
Construction Materials—0.1%
Martin Marietta Materials, Inc. (b)		2,582		469,795
Vulcan Materials Co. (b)		17,366		1,931,099
				2,400,894
Consumer Finance—1.2%
American Express Co.		118,419		12,610,439
Capital One Financial Corp.		95,391		9,055,468
OneMain Holdings, Inc. (a)		223,300		7,505,113
				29,171,020
Containers & Packaging—0.9%
Ardagh Group S.A.		143,490		2,394,848
Ball Corp. (b)		263,207		11,578,476
International Paper Co.		165,077		8,113,535
				22,086,859
Diversified Financial Services—0.3%
Voya Financial, Inc. (b)		153,198		7,609,345
Diversified Telecommunication Services—1.6%
Verizon Communications, Inc.		743,842		39,713,724
Electric Utilities—2.4%
Avangrid, Inc.		129,382		6,201,279
Edison International		250,961		16,985,041
Exelon Corp.		269,769		11,778,115

BHFTI-133

Brighthouse Funds Trust I

Brighthouse/Wellington Large Cap Research Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Electric Utilities—(Continued)
NextEra Energy, Inc.		108,119	$	18,120,744
PG&E Corp. (a)		149,498		6,878,403
				59,963,582
Electrical Equipment—0.5%
AMETEK, Inc.		64,953		5,139,081
Eaton Corp. plc		93,748		8,130,764
				13,269,845
Electronic Equipment, Instruments & Components—0.6%
Flex, Ltd. (a)		1,203,112		15,784,829
Energy Equipment & Services—0.7%
Baker Hughes a GE Co.		249,075		8,426,207
Halliburton Co.		242,341		9,822,081
				18,248,288
Entertainment—1.6%
Cinemark Holdings, Inc. (b)		37,232		1,496,726
Electronic Arts, Inc. (a)		64,480		7,769,195
Liberty Media Corp.-Liberty Formula One - Class C (a)		124,779		4,640,531
Netflix, Inc. (a)		26,537		9,928,288
Spotify Technology S.A. (a)		14,743		2,665,977
Twenty-First Century Fox, Inc. - Class A		94,154		4,362,155
Viacom, Inc. - Class B		100,020		3,376,675
Walt Disney Co. (The)		39,693		4,641,700
				38,881,247
Equity Real Estate Investment Trusts—2.8%
Alexandria Real Estate Equities, Inc. (b)		68,145		8,571,959
American Tower Corp.		183,117		26,606,900
Camden Property Trust (b)		79,430		7,432,265
Equinix, Inc.		20,740		8,978,139
Outfront Media, Inc.		134,841		2,690,078
Public Storage		29,030		5,853,319
Simon Property Group, Inc.		56,537		9,992,915
				70,125,575
Food & Staples Retailing—1.3%
Costco Wholesale Corp.		60,083		14,112,295
Sysco Corp.		108,878		7,975,314
U.S. Foods Holding Corp. (a)		295,205		9,098,218
				31,185,827
Food Products—1.9%
Archer-Daniels-Midland Co.		129,625		6,516,249
Fresh Del Monte Produce, Inc.		96,767		3,279,434
Freshpet, Inc. (a)		100,410		3,685,047
Hormel Foods Corp. (b)		88,831		3,499,941
Hostess Brands, Inc. (a) (b)		457,720		5,066,961
McCormick & Co., Inc. (b)		49,139		6,474,063
Post Holdings, Inc. (a) (b)		178,255		17,476,120
				45,997,815

Security Description	Shares		Value
Health Care Equipment & Supplies—4.2%
Abbott Laboratories		268,980	$	19,732,373
Baxter International, Inc.		131,270		10,119,604
Boston Scientific Corp. (a)		722,684		27,823,334
Danaher Corp.		131,226		14,259,017
Medtronic plc		333,774		32,833,349
				104,767,677
Health Care Providers & Services—2.7%
HCA Healthcare, Inc.		86,460		12,028,315
UnitedHealth Group, Inc.		204,367		54,369,797
				66,398,112
Hotels, Restaurants & Leisure—1.5%
Hilton Worldwide Holdings, Inc.		143,845		11,619,799
McDonald’s Corp.		131,266		21,959,489
MGM Resorts International		120,580		3,365,388
				36,944,676
Household Durables—0.1%
Installed Building Products, Inc. (a) (b)		81,222		3,167,658
Independent Power and Renewable Electricity Producers—0.6%
NRG Energy, Inc. (b)		395,661		14,797,721
Industrial Conglomerates—0.9%
3M Co.		56,956		12,001,199
General Electric Co.		831,386		9,386,348
				21,387,547
Insurance—4.0%
Allstate Corp. (The)		37,934		3,744,086
American International Group, Inc.		371,031		19,753,690
Assurant, Inc.		92,947		10,033,629
Assured Guaranty, Ltd. (b)		354,906		14,987,680
Athene Holding, Ltd. - Class A (a)		245,746		12,695,238
Hartford Financial Services Group, Inc. (The)		146,629		7,325,585
Marsh & McLennan Cos., Inc.		195,816		16,197,900
Prudential Financial, Inc.		107,535		10,895,446
Trupanion, Inc. (a) (b)		121,700		4,348,341
				99,981,595
Interactive Media & Services—3.9%
Alphabet, Inc. - Class A (a)		62,423		75,349,555
Facebook, Inc. - Class A (a)		127,227		20,923,752
				96,273,307
Internet & Direct Marketing Retail—5.8%
Amazon.com, Inc. (a)		51,151		102,455,453
eBay, Inc. (a)		186,839		6,169,424
Etsy, Inc. (a) (b)		131,098		6,735,815
Expedia Group, Inc. (b)		90,739		11,839,625
Wayfair, Inc. - Class A (a) (b)		115,995		17,128,981
				144,329,298

BHFTI-134

Brighthouse Funds Trust I

Brighthouse/Wellington Large Cap Research Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
IT Services—4.3%
Accenture plc - Class A		19,589	$	3,334,048
Alliance Data Systems Corp. (b)		18,450		4,357,152
FleetCor Technologies, Inc. (a)		47,296		10,775,921
Genpact, Ltd.		171,722		5,256,410
Global Payments, Inc.		135,356		17,244,354
GoDaddy, Inc. - Class A (a)		158,059		13,180,540
PayPal Holdings, Inc. (a)		147,115		12,922,582
Total System Services, Inc.		26,437		2,610,389
Visa, Inc. - Class A (b)		213,373		32,025,154
WEX, Inc. (a) (b)		31,038		6,231,189
				107,937,739
Life Sciences Tools & Services—0.9%
Thermo Fisher Scientific, Inc.		94,045		22,954,504
Machinery—1.5%
AGCO Corp. (b)		21,791		1,324,675
Caterpillar, Inc.		53,819		8,206,859
Deere & Co.		46,314		6,962,384
Fortive Corp. (b)		80,546		6,781,973
Greenbrier Cos., Inc. (The)		60,272		3,622,347
Illinois Tool Works, Inc.		45,628		6,439,024
Pentair plc		105,932		4,592,152
				37,929,414
Marine—0.1%
Kirby Corp. (a) (b)		23,056		1,896,356
Media—2.2%
Charter Communications, Inc. - Class A (a) (b)		56,085		18,276,980
Comcast Corp. - Class A		902,941		31,973,141
Interpublic Group of Cos., Inc. (The) (b)		176,550		4,037,698
New York Times Co. (The) - Class A (b)		56,247		1,302,118
				55,589,937
Metals & Mining—0.3%
Alcoa Corp. (a)		59,535		2,405,214
ArcelorMittal		8,493		262,094
Freeport-McMoRan, Inc.		72,074		1,003,270
Southern Copper Corp.		16,982		732,603
Steel Dynamics, Inc.		60,147		2,718,043
				7,121,224
Multi-Utilities—0.7%
Sempra Energy (b)		144,589		16,446,999
Oil, Gas & Consumable Fuels—4.8%
Andeavor		53,238		8,172,033
Cabot Oil & Gas Corp. (b)		53,769		1,210,878
Chevron Corp.		185,217		22,648,335
Concho Resources, Inc. (a) (b)		47,044		7,185,971
Diamondback Energy, Inc.		40,964		5,537,923
Encana Corp.		279,821		3,668,453
EOG Resources, Inc.		9,808		1,251,207
Exxon Mobil Corp.		507,869		43,179,022

Security Description	Shares		Value
Oil, Gas & Consumable Fuels—(Continued)
Marathon Petroleum Corp. (b)		96,278	$	7,699,352
Newfield Exploration Co. (a) (b)		161,344		4,651,547
Noble Energy, Inc. (b)		32,582		1,016,233
ONEOK, Inc. (b)		84,023		5,695,919
TransCanada Corp.		202,879		8,208,484
				120,125,357
Personal Products—0.9%
Coty, Inc. - Class A (b)		813,395		10,216,241
Unilever NV		217,252		12,068,349
				22,284,590
Pharmaceuticals—4.8%
Aerie Pharmaceuticals, Inc. (a)		40,981		2,522,381
Allergan plc		145,494		27,713,697
Amneal Pharmaceuticals, Inc. (a) (b)		210,795		4,677,541
Assembly Biosciences, Inc. (a) (b)		23,000		854,220
AstraZeneca plc (ADR) (b)		484,306		19,163,988
Bristol-Myers Squibb Co.		413,358		25,661,265
Clearside Biomedical, Inc. (a)		32,003		196,818
Dermira, Inc. (a)		184,685		2,013,067
Elanco Animal Health, Inc. (a) (b)		45,200		1,577,028
Kala Pharmaceuticals, Inc. (a)		59,000		582,330
Mylan NV (a)		319,684		11,700,434
MyoKardia, Inc. (a) (b)		43,214		2,817,553
Nektar Therapeutics (a) (b)		32,641		1,989,795
Otonomy, Inc. (a)		102,536		281,974
Revance Therapeutics, Inc. (a) (b)		63,165		1,569,650
Teva Pharmaceutical Industries, Ltd. (ADR)		613,938		13,224,225
Tricida, Inc. (a)		53,300		1,628,315
				118,174,281
Professional Services—1.1%
Equifax, Inc.		46,587		6,082,865
IHS Markit, Ltd. (a)		196,623		10,609,777
TransUnion		78,270		5,759,107
TriNet Group, Inc. (a)		95,986		5,405,931
				27,857,680
Road & Rail—0.9%
Norfolk Southern Corp.		61,637		11,125,478
Union Pacific Corp.		69,385		11,297,960
				22,423,438
Semiconductors & Semiconductor Equipment—4.4%
Advanced Micro Devices, Inc. (a)		877,259		27,098,531
Broadcom, Inc. (b)		83,754		20,664,624
Intel Corp.		313,990		14,848,587
KLA-Tencor Corp.		40,222		4,090,980
Marvell Technology Group, Ltd.		135,775		2,620,457
Micron Technology, Inc. (a) (b)		143,370		6,484,625
NVIDIA Corp.		46,621		13,101,433
Teradyne, Inc. (b)		288,160		10,656,157
Texas Instruments, Inc.		95,020		10,194,696
				109,760,090

BHFTI-135

Brighthouse Funds Trust I

Brighthouse/Wellington Large Cap Research Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Software—6.2%
Adobe Systems, Inc. (a)		20,981	$	5,663,821
Atlassian Corp. plc - Class A (a) (b)		6,299		605,586
Autodesk, Inc. (a)		23,561		3,678,108
Guidewire Software, Inc. (a) (b)		40,491		4,089,996
Microsoft Corp.		724,938		82,911,159
PTC, Inc. (a) (b)		30,668		3,256,635
Salesforce.com, Inc. (a)		97,578		15,517,829
ServiceNow, Inc. (a) (b)		26,721		5,227,429
Splunk, Inc. (a)		16,350		1,976,879
SS&C Technologies Holdings, Inc. (b)		409,676		23,281,887
Workday, Inc. - Class A (a) (b)		54,934		8,019,265
				154,228,594
Specialty Retail—2.0%
Lowe’s Cos., Inc.		112,446		12,911,049
National Vision Holdings, Inc. (a)		290,306		13,104,413
TJX Cos., Inc. (The)		217,743		24,391,571
				50,407,033
Technology Hardware, Storage & Peripherals—3.6%
Apple, Inc.		399,364		90,152,429
Textiles, Apparel & Luxury Goods—1.4%
NIKE, Inc. - Class B		202,898		17,189,519
Skechers USA, Inc. - Class A (a) (b)		57,628		1,609,550
Tapestry, Inc.		98,446		4,948,881
Under Armour, Inc. - Class A (a) (b)		181,878		3,859,451
Under Armour, Inc. - Class C (a) (b)		325,840		6,340,846
				33,948,247
Thrifts & Mortgage Finance—0.2%
MGIC Investment Corp. (a) (b)		360,931		4,803,992
Tobacco—2.3%
Altria Group, Inc.		444,844		26,828,541
British American Tobacco plc (ADR)		526,108		24,532,416
Philip Morris International, Inc.		63,420		5,171,267
				56,532,224
Trading Companies & Distributors—0.1%
Air Lease Corp. (b)		42,800		1,963,664
Total Common Stocks (Cost $2,025,263,481)				2,459,344,652

Short-Term Investment—1.0%
Security Description	Principal Amount*		Value
Repurchase Agreement—1.0%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $25,149,848; collateralized by U.S. Treasury Inflation Indexed Note at 0.125%, maturing 07/15/24, with a market value of $25,652,054.		25,147,753	$	25,147,753
Total Short-Term Investments (Cost $25,147,753)				25,147,753
Securities Lending Reinvestments (c)—13.1%
Bank Note—0.2%
Bank of America N.A. 2.398%, 1M LIBOR + 0.250%, 11/13/18 (d)		5,000,000		5,000,000
Certificates of Deposit—6.4%
Banco Del Estado De Chile New York 2.466%, 1M LIBOR + 0.250%, 03/20/19 (d)		5,000,000		4,999,740
Banco Santander S.A. 2.340%, 11/07/18		5,000,000		5,000,410
Bank of Montreal Zero Coupon, 10/31/18		4,989,344		4,990,312
Bank of Montreal (Chicago) 2.371%, 3M LIBOR + 0.030%, 11/06/18 (d)		1,000,000		999,998
Bank of Nova Scotia 2.618%, 3M LIBOR + 0.280%, 03/20/19 (d)		8,000,000		8,007,632
Barclays Bank plc 2.304%, 1M LIBOR + 0.200%, 02/04/19 (d)		5,000,000		4,998,985
2.500%, 02/01/19		3,000,000		2,999,958
Canadian Imperial Bank of Commerce 2.459%, 3M LIBOR + 0.120%, 01/14/19 (d)		6,000,000		6,001,782
Commonwealth Bank of Australia 2.487%, 3M LIBOR + 0.140%, 04/23/19 (d)		2,500,000		2,500,895
Cooperative Rabobank UA 2.479%, 3M LIBOR + 0.140%, 10/16/18 (d)		6,500,000		6,500,487
Credit Industriel et Commercial (NY) Zero Coupon, 01/25/19		5,923,369		5,952,180
Industrial & Commercial Bank of China, Ltd. 2.500%, 10/24/18		3,000,000		3,000,039
2.500%, 11/15/18		7,000,000		6,999,832
KBC Bank NV 2.400%, 12/27/18		5,000,000		5,000,000
Landesbank Baden-Wuettertemberg 2.180%, 10/02/18		5,000,000		5,000,010
Mitsubishi UFJ Trust and Banking Corp. Zero Coupon, 01/15/19		5,954,925		5,956,165
Mizuho Bank, Ltd., New York 2.468%, 1M LIBOR + 0.250%, 11/26/18 (d)		5,000,000		4,999,835
Natixis S.A. New York 2.504%, 1M LIBOR + 0.370%, 02/14/19 (d)		4,000,000		4,002,676
2.533%, 3M LIBOR + 0.190%, 02/01/19 (d)		5,000,000		5,000,405
Royal Bank of Canada New York 2.381%, 1M LIBOR + 0.250%, 01/11/19 (d)		12,000,000		12,003,960

BHFTI-136

Brighthouse Funds Trust I

Brighthouse/Wellington Large Cap Research Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Standard Chartered plc 2.396%, 1M LIBOR + 0.180%, 02/25/19 (d)		8,000,000	$	7,999,064
2.551%, 1M LIBOR + 0.420%, 10/11/18 (d)		5,000,000		5,000,250
Sumitomo Mitsui Banking Corp. 2.321%, 1M LIBOR + 0.190%, 04/11/19 (d)		5,000,000		4,999,765
Sumitomo Mitsui Banking Corp., New York 2.276%, 1M LIBOR + 0.200%, 04/03/19 (d)		1,000,682		999,871
2.290%, 1M LIBOR + 0.180%, 03/05/19 (d)		4,000,000		3,999,532
Sumitomo Mitsui Trust Bank, Ltd. 2.290%, 1M LIBOR + 0.170%, 12/06/18 (d)		2,000,000		2,000,104
2.423%, 3M LIBOR + 0.090%, 10/18/18 (d)		4,000,503		3,999,972
2.502%, 1M LIBOR + 0.320%, 11/21/18 (d)		7,000,000		7,000,000
Svenska Handelsbanken AB 2.439%, 3M LIBOR + 0.100%, 04/30/19 (d)		4,000,000		4,000,476
Toronto-Dominion Bank 2.378%, 1M LIBOR + 0.210%, 09/17/19 (d)		7,000,000		7,000,000
Westpac Banking Corp. 2.630%, FEDEFF PRV + 0.450%, 02/15/19 (d)		7,000,000		7,003,718
				158,918,053
Commercial Paper—2.2%
Bank of China, Ltd. 2.510%, 11/02/18		6,955,587		6,984,600
2.550%, 10/19/18		3,975,350		3,994,864
2.550%, 12/20/18		2,980,875		2,982,741
ING Funding LLC 2.448%, 3M LIBOR + 0.110%, 05/10/19 (d)		6,000,000		6,000,618
2.453%, 1M LIBOR + 0.320%, 02/08/19 (d)		5,000,000		5,002,555
LMA S.A. & LMA Americas 2.470%, 11/13/18		2,963,979		2,991,327
Sheffield Receivables Co. 2.490%, 11/26/18		4,934,638		4,980,795
2.510%, SOFR + 0.350%, 11/28/18 (d)		1,500,000		1,500,411
Sinopec Century Bright Capital Investment, Ltd. 2.400%, 11/01/18		3,976,000		3,991,336
Starbird Funding Corp. 2.280%, 11/08/18		2,982,900		2,992,338
UBS AG 2.534%, 1M LIBOR + 0.430%, 02/01/19 (d)		9,000,000		9,008,307
Westpac Banking Corp. 2.408%, 3M LIBOR + 0.070%, 08/07/19 (d)		4,000,000		4,000,000
				54,429,892
Repurchase Agreements—3.9%
Citigroup Global Markets, Inc. Repurchase Agreement dated 05/03/18 at 2.440%, due on 10/05/18 with a maturity value of $3,536,769; collateralized by U.S. Treasury Obligations with rates ranging from 1.625% - 2.250%, maturity dates ranging from 11/30/19 - 11/15/27, and various Common Stock with an aggregate market value of $3,690,001.		3,500,000		3,500,000
Repurchase Agreement dated 07/25/18 at 2.570%, due on 11/02/18 with a maturity value of $2,014,278; collateralized by various Common Stock with an aggregate market value of $2,200,000.		2,000,000		2,000,000

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Citigroup Global Markets, Ltd. Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $1,800,336; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.625% - 2.875%, maturity dates ranging from 01/15/19 - 02/15/43, and an aggregate market value of $1,836,000.		1,800,000	$	1,800,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $1,200,224; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 1.750% - 2.875%, maturity dates ranging from 10/15/20 - 05/15/27, and an aggregate market value of $1,224,001.		1,200,000		1,200,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $1,700,317; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.375% - 3.125%, maturity dates ranging from 12/17/18 - 02/15/43, and an aggregate market value of $1,734,000.		1,700,000		1,700,000
Deutsche Bank AG, London Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $1,018,844; collateralized by various Common Stock with an aggregate market value of $1,113,323.		1,000,000		1,000,000
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $1,104,363; collateralized by various Common Stock with an aggregate market value of $1,222,370.		1,100,000		1,100,000
Macquarie Bank, Ltd., London Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $579,704; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 5.500%, maturity dates ranging from 08/31/19 - 05/15/48, and an aggregate market value of $590,739.		579,598		579,598
Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 10/26/16 at 2.720%, due on 12/31/18 with a maturity value of $15,054,020; collateralized by various Common Stock with an aggregate market value of $15,620,002.		14,200,000		14,200,000
Repurchase Agreement dated 08/01/17 at 2.720%, due on 12/31/18 with a maturity value of $5,195,311; collateralized by various Common Stock with an aggregate market value of $5,500,001.		5,000,000		5,000,000
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $10,004,803; collateralized by various Common Stock with an aggregate market value of $11,002,143.		10,000,000		10,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $1,937,668; collateralized by various Common Stock with an aggregate market value of $2,114,045.		1,900,000		1,900,000

BHFTI-137

Brighthouse Funds Trust I

Brighthouse/Wellington Large Cap Research Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
NBC Global Finance, Ltd. Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $1,823,283; collateralized by various Common Stock with an aggregate market value of $2,002,779.		1,800,000	$	1,800,000
Repurchase Agreement dated 07/18/18 at 2.370%, due on 10/05/18 with a maturity value of $3,719,243; collateralized by various Common Stock with an aggregate market value of $4,117,153.		3,700,000		3,700,000
Repurchase Agreement dated 07/19/18 at 2.370%, due on 10/05/18 with a maturity value of $18,092,430; collateralized by various Common Stock with an aggregate market value of $20,029,395.		18,000,000		18,000,000
Societe Generale Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $2,127,893; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,332,362.		2,100,000		2,100,000
Repurchase Agreement dated 03/16/18 at 2.310%, due on 10/01/18 with a maturity value of $2,531,923; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,776,621.		2,500,000		2,500,000
Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $2,632,366; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,887,686.		2,600,000		2,600,000
Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $2,631,198; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,887,686.		2,600,000		2,600,000
Repurchase Agreement dated 04/18/18 at 2.340%, due on 10/05/18 with a maturity value of $3,538,675; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $3,887,269.		3,500,000		3,500,000
Repurchase Agreement dated 05/10/18 at 2.340%, due on 10/05/18 with a maturity value of $11,105,820; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $12,217,132.		11,000,000		11,000,000

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Societe Generale Repurchase Agreement dated 07/10/18 at 2.340%, due on 10/05/18 with a maturity value of $5,028,275; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $5,553,242.		5,000,000	$	5,000,000
				96,779,598
Time Deposits—0.4%
DZ Bank AG 2.150%, 10/01/18		2,000,000		2,000,000
Erste Group Bank AG 2.170%, 10/01/18		3,000,000		3,000,000
Nordea Bank New York 2.140%, 10/01/18		2,000,000		2,000,000
Skandinaviska Enskilda Banken 2.130%, 10/01/18		2,000,000		2,000,000
Svenska Handelsbanken AB 2.140%, 10/01/18		2,000,000		2,000,000
				11,000,000
Total Securities Lending Reinvestments (Cost $326,096,215)				326,127,543
Total Investments—113.1% (Cost $2,376,507,449)				2,810,619,948
Other assets and liabilities (net)—(13.1)%				(326,221,525	)
Net Assets—100.0%			$	2,484,398,423

*	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, 2018, the market value of securities loaned was $319,041,972 and the collateral received consisted of cash in the amount of $325,917,749. 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, 2018.
(d)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above.

BHFTI-138

Brighthouse Funds Trust I

Brighthouse/Wellington Large Cap Research Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts		Notional Amount			Value/ Unrealized Depreciation
S&P 500 Index E-Mini Futures		12/21/18		98		USD	14,303,100	$	(370	)

Glossary of Abbreviations

Currencies

(USD)— United States Dollar

Other Abbreviations

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

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1			Level 2			Level 3		Total
Total Common Stocks*	$	2,459,344,652		$	—		$	—	$	2,459,344,652
Total Short-Term Investment*		—			25,147,753			—		25,147,753
Total Securities Lending Reinvestments*		—			326,127,543			—		326,127,543
Total Investments	$	2,459,344,652		$	351,275,296		$	—	$	2,810,619,948
Collateral for Securities Loaned (Liability)	$	—		$	(325,917,749	)	$	—	$	(325,917,749	)
Futures Contracts
Futures Contracts (Unrealized Depreciation)	$	(370	)	$	—		$	—	$	(370	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-139

Brighthouse Funds Trust I

Clarion Global Real Estate Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—99.1% of Net Assets

Security Description	Shares		Value
Australia—4.5%
Dexus (REIT)		1,832,966	$	13,987,638
Goodman Group (REIT)		704,557		5,292,368
GPT Group (The) (REIT)		3,426,455		12,866,629
Lend Lease Group		474,469		6,722,741
Mirvac Group (REIT)		12,721,716		22,160,076
				61,029,452
Belgium—0.6%
Warehouses De Pauw CVA (REIT)		59,517		7,833,788
Canada—1.7%
Chartwell Retirement Residences		806,700		9,143,412
First Capital Realty, Inc.		509,800		7,696,435
Smart Real Estate Investment Trust (REIT)		292,900		6,918,576
				23,758,423
China—1.0%
China Overseas Land & Investment, Ltd.		2,246,000		7,033,469
China Resources Land, Ltd.		2,028,000		7,102,424
				14,135,893
France—0.4%
Gecina S.A. (REIT)		32,472		5,421,934
Germany—5.5%
ADO Properties S.A.		187,069		11,202,321
Grand City Properties S.A.		414,020		10,731,306
LEG Immobilien AG		139,411		16,550,513
Vonovia SE		760,704		37,165,718
				75,649,858
Hong Kong—9.4%
CK Asset Holdings, Ltd.		7,904,500		58,985,729
Hongkong Land Holdings, Ltd.		3,140,700		20,778,105
Link REIT (The) (REIT)		1,949,400		19,180,025
Wharf Real Estate Investment Co., Ltd.		2,671,046		17,234,905
Wheelock & Co., Ltd.		2,125,000		12,748,023
				128,926,787
Ireland—0.7%
Green REIT plc (REIT)		2,712,541		4,747,861
Hibernia REIT plc (REIT) (a)		3,248,924		5,356,451
				10,104,312
Japan—9.6%
AEON REIT Investment Corp. (REIT)		5,630		6,050,278
Hulic Co., Ltd.		1,136,795		11,158,204
Hulic Reit, Inc. (REIT)		2,861		4,166,437
Japan Hotel REIT Investment Corp. (REIT)		18,033		13,124,812
Kenedix Office Investment Corp. (REIT)		1,392		8,881,990
LaSalle Logiport (REIT)		5,660		5,205,696
Mitsui Fudosan Co., Ltd.		1,445,474		34,216,958
Mori Hills REIT Investment Corp. (REIT)		10,182		12,946,869
Nomura Real Estate Holdings, Inc.		461,200		9,311,296

Security Description	Shares		Value
Japan—(Continued)
Orix JREIT, Inc. (REIT)		10,988	$	17,156,538
Tokyo Tatemono Co., Ltd.		819,800		9,999,907
				132,218,985
Norway—0.5%
Entra ASA		437,140		6,283,038
Singapore—2.2%
CapitaLand Commercial Trust (REIT)		5,639,600		7,342,041
CapitaLand, Ltd.		7,198,300		17,719,313
Mapletree Logistics Trust (REIT)		5,998,400		5,396,743
				30,458,097
Spain—0.9%
Lar Espana Real Estate Socimi S.A. (REIT)		353,366		3,598,086
Merlin Properties Socimi S.A. (REIT)		629,607		8,535,461
				12,133,547
Sweden—3.4%
Castellum AB		951,258		17,020,752
Fabege AB		979,573		13,566,503
Kungsleden AB		679,113		4,993,628
Pandox AB		271,158		4,854,980
Wihlborgs Fastigheter AB		500,837		6,023,249
				46,459,112
United Kingdom—4.2%
Grainger plc		1,321,091		5,163,655
Hammerson plc (REIT)		1,569,127		9,333,547
Land Securities Group plc (REIT)		1,333,220		15,337,886
Safestore Holdings plc (REIT)		786,559		5,336,710
Segro plc (REIT)		1,281,832		10,649,682
UNITE Group plc (The) (REIT)		1,026,226		11,939,864
				57,761,344
United States—54.5%
Alexandria Real Estate Equities, Inc. (REIT) (a)		311,198		39,145,597
American Campus Communities, Inc. (REIT)		10,122		416,622
AvalonBay Communities, Inc. (REIT)		199,515		36,142,142
Brixmor Property Group, Inc. (REIT)		1,013,865		17,752,776
Columbia Property Trust, Inc. (REIT) (a)		515,519		12,186,869
Cousins Properties, Inc. (REIT)		1,432,207		12,732,320
CubeSmart (REIT) (a)		623,632		17,792,221
CyrusOne, Inc. (REIT) (a)		252,352		15,999,117
DiamondRock Hospitality Co. (REIT) (a)		928,517		10,835,793
Douglas Emmett, Inc. (REIT)		615,926		23,232,729
Duke Realty Corp. (REIT)		485,000		13,759,450
Equinix, Inc. (REIT)		97,349		42,141,409
Equity Residential (REIT)		508,893		33,719,250
Essex Property Trust, Inc. (REIT) (a)		61,114		15,077,435
Extra Space Storage, Inc. (REIT) (a)		399,698		34,629,835
Healthcare Trust of America, Inc. (REIT) - Class A		783,775		20,903,279
Hilton Worldwide Holdings, Inc.		393,013		31,747,590
Hudson Pacific Properties, Inc. (REIT)		502,550		16,443,436
Invitation Homes, Inc. (REIT)		841,033		19,268,066

BHFTI-140

Brighthouse Funds Trust I

Clarion Global Real Estate Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares/ Principal Amount*		Value
United States—(Continued)
JBG SMITH Properties (REIT) (a)		173,093	$	6,375,015
Macerich Co. (The) (REIT)		300,356		16,606,683
MGM Growth Properties LLC (REIT) - Class A		256,270		7,557,402
Mid-America Apartment Communities, Inc. (REIT)		222,380		22,278,028
Piedmont Office Realty Trust, Inc. (REIT) - Class A		607,492		11,499,824
ProLogis, Inc. (REIT)		708,689		48,042,027
Regency Centers Corp. (REIT)		410,333		26,536,235
Simon Property Group, Inc. (REIT) (a)		357,463		63,181,585
STORE Capital Corp. (REIT) (a)		648,511		18,022,121
Sun Communities, Inc. (REIT) (a)		171,410		17,404,971
Taubman Centers, Inc. (REIT) (a)		287,671		17,211,356
Tier REIT, Inc. (REIT)		196,037		4,724,492
VEREIT, Inc. (REIT)		1,997,156		14,499,353
VICI Properties, Inc. (REIT)		879,629		19,017,579
Welltower, Inc. (REIT) (a)		609,186		39,182,844
				746,065,451
Total Common Stocks (Cost $1,335,892,997)				1,358,240,021
Short-Term Investment—0.4%
Repurchase Agreement—0.4%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $5,162,242; collateralized by U.S. Treasury Note at 2.250%, maturing 11/15/24, with a market value of $5,266,804.		5,161,811		5,161,811
Total Short-Term Investments (Cost $5,161,811)				5,161,811
Securities Lending Reinvestments (b)—5.4%
Certificates of Deposit—2.9%
Banco Santander S.A. 2.340%, 11/07/18		1,000,000		1,000,082
Bank of Nova Scotia 2.618%, 3M LIBOR + 0.280%, 03/20/19 (c)		1,000,000		1,000,954
Barclays Bank plc 2.500%, 02/01/19		2,000,000		1,999,972
Canadian Imperial Bank of Commerce 2.459%, 3M LIBOR + 0.120%, 01/14/19 (c)		1,500,000		1,500,445
Commonwealth Bank of Australia 2.358%, 1M LIBOR + 0.210%, 09/13/19 (c)		2,000,000		2,000,000
2.487%, 3M LIBOR + 0.140%, 04/23/19 (c)		1,000,000		1,000,358
Cooperative Rabobank UA 2.479%, 3M LIBOR + 0.140%, 10/16/18 (c)		3,000,000		3,000,225
Credit Industriel et Commercial Zero Coupon, 01/25/19		987,228		992,030
Industrial & Commercial Bank of China, Ltd. 2.500%, 10/24/18		1,000,000		1,000,013
Landesbank Baden-Wuettertemberg 2.180%, 10/02/18		3,000,000		3,000,006

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Mizuho Bank, Ltd. 2.571%, 1M LIBOR + 0.440%, 10/11/18 (c)		1,000,000	$	1,000,025
Mizuho Bank, Ltd., New York 2.468%, 1M LIBOR + 0.250%, 11/26/18 (c)		2,000,000		1,999,934
Natixis S.A. New York 2.431%, 3M LIBOR + 0.090%, 05/10/19 (c)		1,500,000		1,499,882
Royal Bank of Canada New York 2.378%, 1M LIBOR + 0.210%, 09/17/19 (c)		3,000,000		2,999,835
Standard Chartered plc 2.396%, 1M LIBOR + 0.180%, 02/25/19 (c)		2,000,000		1,999,766
Sumitomo Mitsui Banking Corp. 2.321%, 1M LIBOR + 0.190%, 04/11/19 (c)		1,500,000		1,499,929
Sumitomo Mitsui Banking Corp., New York 2.290%, 1M LIBOR + 0.180%, 03/05/19 (c)		500,000		499,942
Sumitomo Mitsui Trust Bank, Ltd. 2.290%, 1M LIBOR + 0.170%, 12/06/18 (c)		1,500,000		1,500,078
2.502%, 1M LIBOR + 0.320%, 11/21/18 (c)		1,500,000		1,500,000
Sumitomo Mitsui Trust Bank, Ltd., London 2.528%, 1M LIBOR + 0.310%, 11/26/18 (c)		1,000,000		1,000,000
Svenska Handelsbanken AB 2.439%, 3M LIBOR + 0.100%, 04/30/19 (c)		1,000,000		1,000,119
Toronto-Dominion Bank 2.378%, 1M LIBOR + 0.210%, 09/17/19 (c)		3,000,000		3,000,000
Wells Fargo Bank N.A. 2.473%, 3M LIBOR + 0.140%, 07/11/19 (c)		2,000,000		2,000,228
Westpac Banking Corp. 2.630%, FEDEFF PRV + 0.450%, 02/15/19 (c)		1,000,000		1,000,531
				38,994,354
Commercial Paper—0.7%
Bank of China, Ltd. 2.510%, 11/02/18		1,490,483		1,496,700
2.550%, 10/19/18		1,490,756		1,498,074
ING Funding LLC 2.448%, 3M LIBOR + 0.110%, 05/10/19 (c)		1,000,000		1,000,103
2.453%, 1M LIBOR + 0.320%, 02/08/19 (c)		2,500,000		2,501,277
Sheffield Receivables Co. 2.490%, 11/26/18		1,480,391		1,494,239
Sinopec Century Bright Capital Investment, Ltd. 2.400%, 11/01/18		994,000		997,834
				8,988,227
Repurchase Agreements—1.6%
Citigroup Global Markets, Ltd. Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $2,210,435; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/25/18 - 02/15/43, and an aggregate market value of $2,254,233.		2,210,030		2,210,030
Deutsche Bank AG, London Repurchase Agreement dated 08/24/18 at 2.560%, due on 10/01/18 with a maturity value of $3,008,107; collateralized by various Common Stock with an aggregate market value of $3,339,968.		3,000,000		3,000,000

BHFTI-141

Brighthouse Funds Trust I

Clarion Global Real Estate Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (b)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Deutsche Bank AG, London Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $203,769; collateralized by various Common Stock with an aggregate market value of $222,665.		200,000	$	200,000
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $903,570; collateralized by various Common Stock with an aggregate market value of $1,000,121.		900,000		900,000
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $4,001,921; collateralized by various Common Stock with an aggregate market value of $4,400,857.		4,000,000		4,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $1,019,825; collateralized by various Common Stock with an aggregate market value of $1,112,655.		1,000,000		1,000,000
Societe Generale Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $2,429,876; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,665,556.		2,400,000		2,400,000
Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $5,066,413; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $5,553,242.		5,000,000		5,000,000
Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $2,529,998; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,776,621.		2,500,000		2,500,000
Repurchase Agreement dated 07/10/18 at 2.340%, due on 10/05/18 with a maturity value of $1,307,352; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $1,443,843.		1,300,000		1,300,000
				22,510,030

Security Description	Principal Amount*		Value
Time Deposit—0.2%
Skandinaviska Enskilda Banken 2.130%, 10/01/18		3,000,000	$	3,000,000
Total Securities Lending Reinvestments (Cost $73,488,798)				73,492,611
Total Investments—104.9% (Cost $1,414,543,606)				1,436,894,443
Other assets and liabilities (net)—(4.9)%				(66,923,461	)
Net Assets—100.0%			$	1,369,970,982

*	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, 2018, the market value of securities loaned was $72,895,732 and the collateral received consisted of cash in the amount of $73,452,889. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(b)	Represents investment of cash collateral received from securities on loan as of September 30, 2018.
(c)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. 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, 2018 (Unaudited)	% of Net Assets
Office REIT’s		13.7
Real Estate Operating Companies		13.5
Retail REIT’s		13.3
Residential REIT’s		11.4
Specialized REIT’s		9.8
Diversified REIT’s		8.3
Industrial REIT’s		7.0
Diversified Real Estate Activities		6.6
Real Estate Development		5.3
Health Care REITs		4.4

Glossary of Abbreviations

Other Abbreviations

(FEDEFF PRV)—	Effective Federal Funds Rate
(LIBOR)—	London Interbank Offered Rate
(REIT)—	Real Estate Investment Trust

BHFTI-142

Brighthouse Funds Trust I

Clarion Global Real Estate Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2			Level 3		Total
Common Stocks
Australia	$	—	$	61,029,452		$	—	$	61,029,452
Belgium		—		7,833,788			—		7,833,788
Canada		23,758,423		—			—		23,758,423
China		—		14,135,893			—		14,135,893
France		—		5,421,934			—		5,421,934
Germany		—		75,649,858			—		75,649,858
Hong Kong		—		128,926,787			—		128,926,787
Ireland		—		10,104,312			—		10,104,312
Japan		—		132,218,985			—		132,218,985
Norway		—		6,283,038			—		6,283,038
Singapore		—		30,458,097			—		30,458,097
Spain		—		12,133,547			—		12,133,547
Sweden		—		46,459,112			—		46,459,112
United Kingdom		—		57,761,344			—		57,761,344
United States		746,065,451		—			—		746,065,451
Total Common Stocks		769,823,874		588,416,147			—		1,358,240,021
Total Short-Term Investment*		—		5,161,811			—		5,161,811
Total Securities Lending Reinvestments*		—		73,492,611			—		73,492,611
Total Investments	$	769,823,874	$	667,070,569		$	—	$	1,436,894,443
Collateral for Securities Loaned (Liability)	$	—	$	(73,452,889	)	$	—	$	(73,452,889	)

* See Schedule of Investments for additional detailed categorizations.

Transfers from Level 1 to Level 2 in the amount of $6,196,458 were due to the application of a systematic fair valuation model factor.

BHFTI-143

Brighthouse Funds Trust I

ClearBridge Aggressive Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—99.9% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—3.9%
Engility Holdings, Inc. (a)		57,266	$	2,061,003
L3 Technologies, Inc.		532,900		113,305,198
				115,366,201
Biotechnology—18.9%
Aduro Biotech, Inc. (a)		31,570		232,040
Agios Pharmaceuticals, Inc. (a) (b)		170,800		13,172,096
Amgen, Inc.		580,100		120,248,929
Biogen, Inc. (a)		755,000		266,749,050
ImmunoGen, Inc. (a)		499,700		4,732,159
Ionis Pharmaceuticals, Inc. (a) (b)		498,335		25,704,119
ProQR Therapeutics NV (a)		88,300		1,708,605
Spark Therapeutics, Inc. (a) (b)		53,520		2,919,516
Ultragenyx Pharmaceutical, Inc. (a) (b)		96,700		7,382,078
Vertex Pharmaceuticals, Inc. (a)		639,672		123,290,381
				566,138,973
Building Products—1.7%
Johnson Controls International plc		1,406,834		49,239,190
Communications Equipment—0.1%
ARRIS International plc (a)		122,915		3,194,561
Construction & Engineering—1.0%
Fluor Corp.		519,410		30,177,721
Diversified Telecommunication Services—0.2%
AT&T, Inc.		157,745		5,297,077
Electrical Equipment—0.3%
Nvent Electric plc		339,804		9,229,077
Electronic Equipment, Instruments & Components—4.3%
Dolby Laboratories, Inc. - Class A		295,300		20,662,141
TE Connectivity, Ltd.		1,219,625		107,241,626
				127,903,767
Energy Equipment & Services—4.6%
Core Laboratories NV		514,070		59,544,728
National Oilwell Varco, Inc. (b)		916,878		39,499,104
Weatherford International plc (a) (b)		14,614,500		39,605,295
				138,649,127
Entertainment—4.2%
Liberty Braves Group - Class A (a) (b)		47,058		1,283,742
Liberty Braves Group - Class C (a) (b)		94,117		2,564,688
Liberty Media Corp.-Liberty Formula One - Class A (a) (b)		117,647		4,185,880
Liberty Media Corp.-Liberty Formula One - Class C (a)		235,294		8,750,584
Lions Gate Entertainment Corp. - Class B		348,621		8,122,869
Madison Square Garden Co. (The) - Class A (a)		286,049		90,196,971
Viacom, Inc. - Class B		344,700		11,637,072
				126,741,806
Health Care Equipment & Supplies—2.4%
Medtronic plc		711,379		69,978,352

Security Description	Shares		Value
Health Care Equipment & Supplies—(Continued)
Wright Medical Group NV (a) (b)		58,679	$	1,702,865
				71,681,217
Health Care Providers & Services—7.6%
UnitedHealth Group, Inc.		849,000		225,867,960
Interactive Media & Services—1.5%
Facebook, Inc. - Class A (a)		75,500		12,416,730
Liberty TripAdvisor Holdings, Inc. - Class A (a)		154,420		2,293,137
Twitter, Inc. (a) (b)		1,100,000		31,306,000
				46,015,867
Internet & Direct Marketing Retail—1.6%
Liberty Expedia Holdings, Inc. - Class A (a)		167,951		7,900,415
Qurate Retail, Inc. (a) (b)		1,767,200		39,249,512
				47,149,927
Machinery—0.5%
Pentair plc (b)		339,804		14,730,503
Media—15.4%
AMC Networks, Inc. - Class A (a) (b)		825,825		54,785,230
CBS Corp. - Class B		323,200		18,567,840
Comcast Corp. - Class A		6,639,200		235,094,072
GCI Liberty, Inc. - Class A (a) (b)		251,927		12,848,277
Liberty Broadband Corp. - Class A (a) (b)		117,647		9,921,172
Liberty Broadband Corp. - Class C (a) (b)		305,883		25,785,937
Liberty Global plc - Class A (a)		299,400		8,661,642
Liberty Global plc - Class C (a)		299,400		8,431,104
Liberty Latin America, Ltd. - Class A (a) (b)		52,325		1,090,453
Liberty Latin America, Ltd. - Class C (a) (b)		52,325		1,079,465
Liberty SiriusXM Group - Class A (a)		470,588		20,442,343
Liberty SiriusXM Group - Class C (a)		941,176		40,894,097
MSG Networks, Inc. - Class A (a) (b)		858,150		22,140,270
				459,741,902
Metals & Mining—1.2%
Freeport-McMoRan, Inc.		1,270,800		17,689,536
Nucor Corp. (b)		274,700		17,429,715
				35,119,251
Oil, Gas & Consumable Fuels—6.6%
Anadarko Petroleum Corp.		2,794,860		188,401,513
Newfield Exploration Co. (a) (b)		255,400		7,363,182
				195,764,695
Pharmaceuticals—5.2%
Allergan plc		731,777		139,388,883
Bausch Health Cos., Inc. (a)		653,070		16,764,307
				156,153,190
Semiconductors & Semiconductor Equipment—7.2%
Broadcom, Inc. (b)		536,161		132,287,004
Cree, Inc. (a) (b)		862,200		32,651,514

BHFTI-144

Brighthouse Funds Trust I

ClearBridge Aggressive Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares/ Principal Amount*		Value
Semiconductors & Semiconductor Equipment—(Continued)
Intel Corp.		1,088,348	$	51,467,977
				216,406,495
Software—6.8%
Autodesk, Inc. (a)		844,300		131,803,673
Citrix Systems, Inc. (a)		521,100		57,925,476
LogMeIn, Inc.		85,873		7,651,284
Nuance Communications, Inc. (a)		400,000		6,928,000
				204,308,433
Technology Hardware, Storage & Peripherals—4.6%
Seagate Technology plc (b)		2,348,500		111,201,475
Western Digital Corp. (b)		444,489		26,020,386
				137,221,861
Trading Companies & Distributors—0.1%
NOW, Inc. (a) (b)		229,219		3,793,575
Total Common Stocks (Cost $1,896,660,247)				2,985,892,376
Rights—0.0%
Health Care Equipment & Supplies—0.0%
Wright Medical Group NV, Expires 03/01/19 (a) (Cost $573,350)		229,340		321,076
Short-Term Investment—0.2%
Repurchase Agreement—0.2%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $6,363,169; collateralized by U.S. Treasury Note at 2.250%, maturing 10/31/24, with a market value of $6,494,159.		6,362,639		6,362,639
Total Short-Term Investments (Cost $6,362,639)				6,362,639
Securities Lending Reinvestments (c)—14.9%
Certificates of Deposit—6.5%
Banco Del Estado De Chile New York 2.466%, 1M LIBOR + 0.250%, 03/20/19 (d)		5,000,000		4,999,740
Banco Santander S.A. 2.340%, 11/07/18		9,000,000		9,000,738
Bank of Montreal (Chicago) 2.371%, 3M LIBOR + 0.030%, 11/06/18 (d)		4,000,000		3,999,992
Bank of Nova Scotia 2.618%, 3M LIBOR + 0.280%, 03/20/19 (d)		15,000,000		15,014,310
Canadian Imperial Bank of Commerce 2.459%, 3M LIBOR + 0.120%, 01/14/19 (d)		4,000,000		4,001,188

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Commonwealth Bank of Australia 2.358%, 1M LIBOR + 0.210%, 09/13/19 (d)		6,000,000	$	6,000,000
2.487%, 3M LIBOR + 0.140%, 04/23/19 (d)		4,000,000		4,001,432
Cooperative Rabobank UA 2.479%, 3M LIBOR + 0.140%, 10/16/18 (d)		7,500,000		7,500,562
Credit Agricole S.A. 2.463%, 1M LIBOR + 0.330%, 10/09/18 (d)		12,500,000		12,500,500
Credit Industriel et Commercial Zero Coupon, 01/25/19		3,948,913		3,968,120
Credit Industriel et Commercial (NY) 2.364%, 1M LIBOR + 0.250%, 02/05/19 (d)		5,000,000		5,002,365
Industrial & Commercial Bank of China, Ltd. 2.500%, 10/24/18		1,500,000		1,500,019
2.500%, 11/15/18		6,000,000		5,999,856
2.530%, 12/24/18		5,000,000		4,999,890
KBC Bank NV 2.400%, 12/27/18		10,000,000		10,000,000
Landesbank Baden-Wuettertemberg 2.180%, 10/02/18		10,000,000		10,000,020
Mitsubishi UFJ Trust and Banking Corp. Zero Coupon, 01/15/19		4,962,437		4,963,471
Natixis S.A. New York 2.431%, 3M LIBOR + 0.090%, 05/10/19 (d)		3,000,000		2,999,763
2.533%, 3M LIBOR + 0.190%, 02/01/19 (d)		2,000,000		2,000,162
Royal Bank of Canada New York 2.378%, 1M LIBOR + 0.210%, 09/17/19 (d)		5,000,000		4,999,725
2.381%, 1M LIBOR + 0.250%, 01/11/19 (d)		12,500,000		12,504,125
Standard Chartered plc 2.396%, 1M LIBOR + 0.180%, 02/25/19 (d)		4,000,000		3,999,532
2.551%, 1M LIBOR + 0.420%, 10/11/18 (d)		5,000,000		5,000,250
Sumitomo Mitsui Banking Corp. 2.321%, 1M LIBOR + 0.190%, 04/11/19 (d)		8,000,000		7,999,624
Sumitomo Mitsui Trust Bank, Ltd (NY) 2.423%, 3M LIBOR + 0.090%, 10/18/18 (d)		2,000,251		1,999,986
Sumitomo Mitsui Trust Bank, Ltd. 2.502%, 1M LIBOR + 0.320%, 11/21/18 (d)		4,000,000		4,000,000
Sumitomo Mitsui Trust Bank, Ltd., London 2.528%, 1M LIBOR + 0.310%, 11/26/18 (d)		4,750,000		4,750,000
Svenska Handelsbanken AB 2.439%, 3M LIBOR + 0.100%, 04/30/19 (d)		5,000,000		5,000,595
Toronto-Dominion Bank 2.378%, 1M LIBOR + 0.210%, 09/17/19 (d)		5,000,000		5,000,000
Wells Fargo Bank N.A. 2.473%, 3M LIBOR + 0.140%, 07/11/19 (d)		10,000,000		10,001,140
2.475%, 3M LIBOR + 0.140%, 10/26/18 (d)		2,500,000		2,500,415
Westpac Banking Corp. 2.630%, FEDEFF PRV + 0.450%, 02/15/19 (d)		10,000,000		10,005,311
				196,212,831
Commercial Paper—2.2%
Bank of China, Ltd. 2.510%, 11/02/18		7,949,242		7,982,400
2.550%, 10/19/18		4,969,188		4,993,580
2.550%, 12/20/18		3,974,500		3,976,988

BHFTI-145

Brighthouse Funds Trust I

ClearBridge Aggressive Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Commercial Paper—(Continued)
ING Funding LLC 2.448%, 3M LIBOR + 0.110%, 05/10/19 (d)		7,500,000	$	7,500,772
Sheffield Receivables Co. 2.490%, 11/26/18		8,882,348		8,965,431
2.510%, SOFR + 0.350%, 11/28/18 (d)		1,500,000		1,500,411
Sinopec Century Bright Capital Investment, Ltd. 2.400%, 11/01/18		4,970,000		4,989,170
Starbird Funding Corp. 2.280%, 11/08/18		2,982,900		2,992,338
UBS AG 2.534%, 1M LIBOR + 0.430%, 02/01/19 (d)		10,000,000		10,009,230
Victory Receivables Corp. 2.320%, 12/18/18		9,942,000		9,947,040
Westpac Banking Corp. 2.408%, 3M LIBOR + 0.070%, 08/07/19 (d)		3,000,000		3,000,000
				65,857,360
Master Demand Notes—0.2%
Natixis Financial Products LLC 2.420%, OBFR + 0.250%, 10/01/18 (d)		5,000,000		5,000,000
Repurchase Agreements—4.4%
Citigroup Global Markets, Inc. Repurchase Agreement dated 05/03/18 at 2.440%, due on 10/05/18 with a maturity value of $5,052,528; collateralized by U.S. Treasury Obligations with rates ranging from 1.625% - 2.250%, maturity dates ranging from 11/30/19 - 11/15/27, and various Common Stock with an aggregate market value of $5,271,430.		5,000,000		5,000,000
Repurchase Agreement dated 07/25/18 at 2.570%, due on 11/02/18 with a maturity value of $2,014,278; collateralized by various Common Stock with an aggregate market value of $2,200,000.		2,000,000		2,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $5,027,701; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/25/18 - 02/15/43, and an aggregate market value of $5,127,319.		5,026,779		5,026,779
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $3,400,635; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 1.750% - 2.875%, maturity dates ranging from 10/15/20 - 05/15/27, and an aggregate market value of $3,468,002.		3,400,000		3,400,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $4,900,915; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.375% - 3.125%, maturity dates ranging from 12/17/18 - 02/15/43, and an aggregate market value of $4,998,000.		4,900,000		4,900,000
Deutsche Bank AG, London Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $3,056,533; collateralized by various Common Stock with an aggregate market value of $3,339,968.		3,000,000		3,000,000

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $3,212,692; collateralized by various Common Stock with an aggregate market value of $3,555,987.		3,200,000	$	3,200,000
Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 10/26/16 at 2.720%, due on 12/31/18 with a maturity value of $3,922,526; collateralized by various Common Stock with an aggregate market value of $4,070,000.		3,700,000		3,700,000
Repurchase Agreement dated 08/01/17 at 2.720%, due on 12/31/18 with a maturity value of $15,585,933; collateralized by various Common Stock with an aggregate market value of $16,500,002.		15,000,000		15,000,000
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $25,512,247; collateralized by various Common Stock with an aggregate market value of $28,055,464.		25,500,000		25,500,000
NBC Global Finance, Ltd. Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $5,099,125; collateralized by various Common Stock with an aggregate market value of $5,563,276.		5,000,000		5,000,000
Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $5,267,262; collateralized by various Common Stock with an aggregate market value of $5,785,807.		5,200,000		5,200,000
Repurchase Agreement dated 07/18/18 at 2.370%, due on 10/05/18 with a maturity value of $7,539,006; collateralized by various Common Stock with an aggregate market value of $8,345,581.		7,500,000		7,500,000
Societe Generale Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $6,991,649; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $7,663,474.		6,900,000		6,900,000
Repurchase Agreement dated 03/16/18 at 2.310%, due on 10/01/18 with a maturity value of $8,405,984; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $9,218,382.		8,300,000		8,300,000
Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $5,062,242; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $5,553,242.		5,000,000		5,000,000
Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $8,703,193; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $9,551,576.		8,600,000		8,600,000

BHFTI-146

Brighthouse Funds Trust I

ClearBridge Aggressive Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Societe Generale Repurchase Agreement dated 07/10/18 at 2.340%, due on 10/05/18 with a maturity value of $6,436,192; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $7,108,150.		6,400,000	$	6,400,000
Repurchase Agreement dated 04/18/18 at 2.340%, due on 10/05/18 with a maturity value of $7,582,875; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $8,329,863.		7,500,000		7,500,000
				131,126,779
Time Deposits—1.6%
Canadian Imperial Bank of Commerce 2.130%, 10/01/18		15,000,000		15,000,000
Cooperative Rabobank UA New York 2.150%, 10/01/18		10,000,000		10,000,000
DZ Bank AG 2.150%, 10/01/18		3,000,000		3,000,000
Erste Group Bank AG 2.170%, 10/01/18		5,000,000		5,000,000
Nordea Bank New York 2.140%, 10/01/18		5,000,000		5,000,000
Svenska Handelsbanken AB 2.140%, 10/01/18		10,000,000		10,000,000
				48,000,000
Total Securities Lending Reinvestments (Cost $446,158,342)				446,196,970
Total Investments—115.0% (Cost $2,349,754,578)				3,438,773,061
Other assets and liabilities (net)—(15.0)%				(449,518,854	)
Net Assets—100.0%			$	2,989,254,207

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	Non-income producing security.
(b)	All or a portion of the security was held on loan. As of September 30, 2018, the market value of securities loaned was $434,762,390 and the collateral received consisted of cash in the amount of $445,958,557. 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, 2018.
(d)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. 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.
(FEDEFF PRV)—	Effective Federal Funds Rate
(LIBOR)—	London Interbank Offered Rate
(OBFR)—	U.S. Overnight Bank Funding Rate
(SOFR)—	Secured Overnight Financing Rate

BHFTI-147

Brighthouse Funds Trust I

ClearBridge Aggressive Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2			Level 3		Total
Total Common Stocks*	$	2,985,892,376	$	—		$	—	$	2,985,892,376
Total Rights*		321,076		—			—		321,076
Total Short-Term Investment*		—		6,362,639			—		6,362,639
Total Securities Lending Reinvestments*		—		446,196,970			—		446,196,970
Total Investments	$	2,986,213,452	$	452,559,609		$	—	$	3,438,773,061
Collateral for Securities Loaned (Liability)	$	—	$	(445,958,557	)	$	—	$	(445,958,557	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-148

Brighthouse Funds Trust I

Fidelity Institutional Asset Management Government Income Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

U.S. Treasury & Government Agencies—87.9% of Net Assets

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—62.3%
Fannie Mae 15 Yr. Pool 2.500%, TBA (a)		1,100,000	$	1,061,349
3.500%, 12/01/25		22,586		22,715
3.500%, 03/01/30		54,305		54,708
3.500%, 10/01/30		124,860		125,794
3.500%, 12/01/30		63,669		64,147
3.500%, 02/01/31		629,910		634,642
3.500%, TBA (a)		4,100,000		4,121,070
4.500%, 12/01/23		13,098		13,264
4.500%, 11/01/25		745,945		775,175
5.000%, 03/01/23		8,991		9,322
Fannie Mae 20 Yr. Pool 3.500%, 07/01/32		3,272,292		3,283,583
3.500%, 01/01/34		2,116,922		2,125,054
4.000%, 11/01/31		1,313,308		1,336,485
4.000%, 08/01/32		1,057,466		1,083,631
Fannie Mae 30 Yr. Pool 2.500%, 01/01/43		2,709,600		2,519,495
2.500%, 04/01/47		581,266		538,122
3.000%, 09/01/42		2,438,807		2,357,040
3.000%, 10/01/42		1,973,852		1,907,596
3.000%, 11/01/42		3,498,026		3,378,978
3.000%, 08/01/46		2,170,193		2,079,183
3.000%, 11/01/46		4,640,553		4,445,340
3.000%, 02/01/47		23,702		22,703
3.000%, 10/01/47		1,017,665		974,751
3.000%, 11/01/47		184,316		176,540
3.000%, 12/01/47		1,652,915		1,583,214
3.000%, 01/01/48		843,823		808,224
3.000%, 02/01/48		2,972,007		2,846,591
3.000%, 03/01/48		40,264		38,563
3.000%, 06/01/48		37,961		36,350
3.000%, TBA (a)		5,000,000		4,784,630
3.500%, 04/01/46		3,819,798		3,775,426
3.500%, 07/01/47		3,065,685		3,038,084
3.500%, 12/01/47		16,174,863		15,956,848
3.500%, 02/01/48		6,903,007		6,797,138
3.500%, 04/01/48		995,603		980,340
3.500%, 06/01/48		2,028,436		1,997,337
4.000%, 10/01/39		123,240		125,367
4.000%, 11/01/40		5,318,446		5,410,814
4.000%, 01/01/42		321,681		327,274
4.000%, 04/01/42		486,221		494,674
4.000%, 09/01/42		2,616,521		2,661,984
4.000%, 10/01/42		738,806		751,574
4.000%, 11/01/42		189,886		191,837
4.000%, 04/01/43		247,773		250,680
4.000%, 06/01/43		314,200		318,225
4.000%, 08/01/43		475,343		481,878
4.000%, 09/01/43		2,035,890		2,068,757
4.000%, 02/01/44		133,675		135,430
4.000%, 04/01/44		206,864		209,580
4.000%, 02/01/45		216,122		218,709
4.000%, 06/01/45		94,719		96,265
4.000%, 12/01/45		1,146,695		1,159,586
4.000%, 03/01/46		257,556		260,347

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Fannie Mae 30 Yr. Pool 4.000%, 05/01/46		74,454	$	75,219
4.000%, 09/01/47		60,898		61,524
4.000%, 10/01/47		425,522		429,916
4.000%, 11/01/47		57,206		57,794
4.000%, 03/01/48		442,750		447,294
4.000%, 05/01/48		1,710,558		1,733,932
4.000%, TBA (a)		17,500,000		17,670,450
4.500%, 12/01/40		1,881,042		1,957,629
4.500%, 08/01/41		180,235		187,572
4.500%, 11/01/41		1,104,019		1,147,542
4.500%, 09/01/42		752,778		783,308
4.500%, 12/01/43		280,361		290,883
4.500%, 10/01/44		1,877,368		1,952,934
4.500%, 02/01/45		691,914		719,763
4.500%, 11/01/48		302,950		312,809
5.000%, 04/01/41		18,415		19,340
5.000%, 06/01/41		42,717		45,455
5.000%, 08/01/41		116,591		124,063
5.500%, 12/01/39		666,988		717,324
5.500%, 04/01/40		829,841		891,831
5.500%, 06/01/40		75,523		80,804
5.500%, 05/01/41		302,256		324,766
5.500%, 06/01/41		464,712		498,895
5.500%, 07/01/41		574,521		616,779
5.500%, 12/01/41		968,851		1,047,014
5.500%, 02/01/42		2,193,789		2,355,146
5.500%, 05/01/44		559,232		600,493
6.000%, 01/01/34		86,103		94,852
6.000%, 08/01/34		137,737		151,695
6.000%, 10/01/34		146,738		161,989
6.000%, 11/01/34		110,871		122,145
6.000%, 01/01/35		129,839		141,590
6.000%, 04/01/35		211,892		233,375
6.000%, 06/01/36		337,151		371,400
6.000%, 05/01/37		490,482		540,721
6.000%, 09/01/37		26,046		28,758
6.000%, 10/01/37		386,516		428,308
6.000%, 01/01/38		381,314		424,129
6.000%, 03/01/38		129,144		143,248
6.000%, 07/01/38		74,764		81,051
6.000%, 01/01/40		367,669		408,961
6.000%, 05/01/40		513,247		570,884
6.000%, 07/01/41		474,992		524,902
6.000%, 01/01/42		43,505		48,122
6.500%, 07/01/32		95,191		106,003
6.500%, 12/01/32		28,670		31,966
6.500%, 07/01/35		33,265		37,141
6.500%, 12/01/35		302,222		337,563
6.500%, 08/01/36		498,844		556,468
Fannie Mae ARM Pool 2.588%, 12M LIBOR + 1.729%, 06/01/42 (b)		79,848		82,868
2.692%, 12M LIBOR + 1.818%, 02/01/42 (b)		360,713		376,563
3.129%, 12M LIBOR + 1.818%, 09/01/41 (b)		28,383		29,642
3.381%, 12M LIBOR + 1.830%, 10/01/41 (b)		26,293		27,460
4.545%, 12M LIBOR + 1.818%, 07/01/41 (b)		43,622		45,528

BHFTI-149

Brighthouse Funds Trust I

Fidelity Institutional Asset Management Government Income Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

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

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Fannie Mae ARM Pool 4.547%, 12M LIBOR + 1.800%, 07/01/41 (b)		74,208	$	77,801
Fannie Mae Grantor Trust 2.898%, 06/25/27		10,419,421		9,875,007
Fannie Mae Pool 3.000%, 08/01/27		134,866		133,908
3.000%, 10/01/27		229,453		227,821
3.000%, 11/01/27		80,068		79,500
3.000%, 12/01/27		113,152		112,348
3.000%, 01/01/28		106,044		105,290
3.000%, 02/01/28		101,541		100,819
3.000%, 03/01/28		105,945		105,193
3.000%, 04/01/28		99,112		98,408
3.000%, 05/01/28		111,185		110,395
3.000%, 06/01/28		112,117		111,322
3.000%, 07/01/28		101,512		100,791
3.000%, 08/01/28		115,660		114,839
3.000%, 09/01/28		119,860		119,010
3.000%, 01/01/29		112,721		111,923
3.000%, 03/01/29		110,676		109,890
3.500%, 09/01/32		3,635,635		3,636,159
3.500%, 10/01/56		2,314,302		2,271,748
6.494%, 02/01/39		262,529		278,038
6.500%, 08/01/39		1,609,933		1,785,773
Fannie Mae REMICS (CMO) 1.750%, 06/25/42		287,156		267,006
1.750%, 01/25/43		286,084		269,097
3.000%, 05/25/46		4,758,496		4,657,464
3.136%, 1M LIBOR + 0.920%, 03/25/36 (b)		361,765		370,598
3.146%, 1M LIBOR + 0.930%, 06/25/36 (b)		587,220		602,949
4.250%, 03/25/42		1,812,793		1,847,137
4.334%, -1 x 1M LIBOR + 6.550%, 06/25/41 (b) (c)		510,424		65,209
4.500%, 12/25/40		153,539		160,899
4.750%, 01/25/41		405,562		419,010
5.000%, 12/25/23		165,789		170,090
5.000%, 12/25/34		300,766		320,263
5.000%, 03/25/35		244,619		259,719
5.000%, 08/25/39		396,487		420,969
5.000%, 02/25/41		217,793		235,057
5.500%, 07/25/34		94,045		95,633
5.500%, 06/25/35		145,306		150,978
5.500%, 08/25/35		1,099,399		1,157,321
6.000%, 06/25/45 (c)		693,264		160,853
Freddie Mac 15 Yr. Gold Pool 3.000%, 06/01/31		684,954		675,779
6.000%, 01/01/24		202,099		210,125
Freddie Mac 20 Yr. Gold Pool 3.000%, 11/01/33		2,111,555		2,080,287
3.500%, 03/01/32		1,245,244		1,249,890
3.500%, 06/01/32		3,345,448		3,357,934
3.500%, 07/01/32		1,146,591		1,150,859
3.500%, 02/01/34		4,790,325		4,808,231
4.000%, 06/01/33		1,379,361		1,413,873
Freddie Mac 30 Yr. Gold Pool 3.000%, 11/01/42		178,798		172,488
3.000%, 01/01/43		211,201		203,901

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Freddie Mac 30 Yr. Gold Pool 3.000%, 02/01/43		1,071,882	$	1,035,162
3.000%, 03/01/43		10,849,792		10,476,066
3.000%, 06/01/43		3,435,661		3,315,682
3.000%, 06/01/46		71,875		68,880
3.000%, 09/01/46		785,253		752,535
3.000%, 11/01/46		411,085		393,830
3.500%, 04/01/40		341,871		339,026
3.500%, 05/01/40		426,678		423,126
3.500%, 06/01/40		747,447		741,226
3.500%, 07/01/40		166,076		164,694
3.500%, 08/01/40		344,931		342,060
3.500%, 09/01/40		271,088		268,831
3.500%, 10/01/40		231,002		229,079
3.500%, 11/01/40		232,726		230,789
3.500%, 12/01/40		273,586		271,309
3.500%, 04/01/42		711,771		705,856
3.500%, 07/01/42		135,494		134,366
3.500%, 08/01/42		51,811		51,271
3.500%, 09/01/42		328,035		325,304
3.500%, 10/01/42		1,693,930		1,679,826
3.500%, 01/01/43		769,669		763,260
3.500%, 02/01/43		332,371		329,603
3.500%, 04/01/43		6,201,596		6,145,284
3.500%, 05/01/43		484,205		480,173
3.500%, 11/01/44		525,383		518,840
3.500%, 11/01/45		5,180,755		5,115,139
3.500%, 01/01/46		698,767		689,394
3.500%, 02/01/46		724,704		713,534
3.500%, 05/01/46		1,596,098		1,576,476
3.500%, 06/01/46		870,227		858,407
3.500%, 07/01/46		1,914,485		1,887,158
3.500%, 08/01/46		418,225		412,351
3.500%, 01/01/47		3,129,244		3,089,752
3.500%, 02/01/47		3,104,866		3,059,537
3.500%, 07/01/47		1,500,006		1,477,284
3.500%, 11/01/47		192,452		189,522
3.500%, 12/01/47		951,642		937,051
4.000%, 11/01/41		16,029		16,327
4.000%, 09/01/42		105,725		107,855
4.000%, 10/01/42		97,665		99,175
4.000%, 11/01/42		475,771		484,885
4.000%, 12/01/42		188,485		191,965
4.000%, 01/01/43		33,939		34,560
4.000%, 02/01/43		260,782		265,555
4.000%, 03/01/43		120,023		122,219
4.000%, 04/01/43		51,116		52,067
4.000%, 05/01/43		525,969		536,330
4.000%, 06/01/43		42,793		43,576
4.000%, 07/01/43		437,724		445,987
4.000%, 08/01/43		330,773		336,916
4.000%, 09/01/43		588,336		599,103
4.000%, 10/01/43		536,636		547,211
4.000%, 11/01/43		21,970		22,196
4.000%, 01/01/44		649,728		662,822
4.000%, 02/01/44		88,025		89,636

BHFTI-150

Brighthouse Funds Trust I

Fidelity Institutional Asset Management Government Income Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

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

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Freddie Mac 30 Yr. Gold Pool 4.000%, 03/01/44		62,165	$	63,703
4.000%, 04/01/44		76,705		78,638
4.000%, 12/01/44		17,529		17,710
4.000%, 01/01/45		555,874		562,818
4.000%, 02/01/45		642,701		652,133
4.000%, 12/01/45		617,529		625,275
4.000%, 07/01/47		4,481,729		4,530,141
4.000%, 12/01/47		2,071,125		2,092,888
4.000%, 01/01/48		484,422		489,475
4.000%, 02/01/48		449,122		453,864
4.000%, 04/01/48		194,994		197,053
4.000%, 05/01/48		990,030		1,003,545
4.500%, 05/01/39		111,884		116,198
4.500%, 07/01/40		2,272,751		2,371,434
4.500%, 09/01/40		1,005,169		1,048,816
4.500%, 02/01/41		88,571		92,416
4.500%, 08/01/41		950,971		990,196
4.500%, 09/01/41		102,246		106,686
4.500%, 10/01/41		204,253		212,683
4.500%, 02/01/44		46,210		47,774
5.000%, 01/01/35		191,558		203,284
5.000%, 05/01/35		99,959		106,131
5.000%, 07/01/35		1,254,313		1,330,785
5.000%, 11/01/35		1,205,368		1,292,676
5.000%, 06/01/41		2,036,563		2,173,104
5.000%, 07/01/41		458,208		484,492
5.500%, 03/01/34		1,404,456		1,521,773
5.500%, 07/01/35		954,304		1,033,925
Freddie Mac ARM Non-Gold Pool 3.019%, 12M LIBOR + 1.880%, 10/01/41 (b)		330,976		347,622
3.500%, 12M LIBOR + 1.750%, 12/01/40 (b)		1,161,555		1,211,464
3.971%, 12M LIBOR + 1.750%, 09/01/41 (b)		376,926		392,300
4.204%, 12M LIBOR + 1.880%, 04/01/41 (b)		30,752		32,099
4.233%, 12M LIBOR + 1.880%, 09/01/41 (b)		36,847		38,453
4.358%, 12M LIBOR + 1.910%, 05/01/41 (b)		62,187		65,310
4.367%, 12M LIBOR + 1.884%, 10/01/42 (b)		211,196		220,860
4.477%, 12M LIBOR + 1.910%, 05/01/41 (b)		43,141		45,295
4.583%, 12M LIBOR + 1.910%, 06/01/41 (b)		60,697		63,791
4.653%, 12M LIBOR + 1.910%, 06/01/41 (b)		35,189		36,725
Freddie Mac Multifamily Aggregation Risk Transfer Trust 2.532%, 1M LIBOR + 0.320%, 02/25/20 (b)		11,611,000		11,627,259
Freddie Mac Multifamily Structured Pass-Through Certificates (CMO) 1.869%, 11/25/19		3,630,182		3,593,378
1.883%, 05/25/19		4,357,369		4,337,300
2.086%, 03/25/19		4,570,000		4,556,444
2.313%, 03/25/20		1,440,566		1,428,736
2.314%, 1M LIBOR + 0.200%, 10/25/19 (b)		5,500,000		5,500,588
2.323%, 10/25/18		831,988		830,592
2.334%, 1M LIBOR + 0.220%, 07/25/20 (b)		2,800,000		2,801,481
2.566%, 09/25/20 (b)		3,781,917		3,761,302
2.750%, 11/25/22		4,900,000		4,771,346
2.991%, 09/25/21		1,224,000		1,219,309
3.117%, 06/25/27		2,300,000		2,228,460
3.187%, 09/25/27 (b)		1,500,000		1,455,996

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Freddie Mac Multifamily Structured Pass-Through Certificates (CMO) 3.350%, 01/25/28		9,805,000	$	9,618,251
3.444%, 12/25/27		6,213,000		6,140,838
3.568%, 10/25/27 (b)		6,090,431		6,124,522
3.729%, 02/25/28		642,061		651,944
3.750%, 11/25/29		198,453		200,538
3.750%, 11/25/32		1,000,000		999,723
3.850%, 05/25/28 (b)		2,994,000		3,049,855
3.854%, 06/25/28		5,900,000		6,012,152
3.926%, 06/25/28		4,544,000		4,657,460
3.926%, 07/25/28 (b)		5,800,000		5,936,138
3.974%, 01/25/21 (b)		17,750,000		18,050,435
3.990%, 05/25/33 (b)		3,650,000		3,721,280
4.084%, 11/25/20 (b)		974,938		992,717
Freddie Mac REMICS (CMO) 1.750%, 06/15/42		214,600		202,089
2.558%, 1M LIBOR + 0.400%, 03/15/34 (b)		355,400		355,188
3.058%, 1M LIBOR + 0.900%, 02/15/33 (b)		214,236		218,399
3.500%, 11/15/31		2,130,958		2,134,065
4.000%, 01/15/41		10,411,120		10,567,991
4.250%, 03/15/40		3,005,593		3,069,794
4.500%, 12/15/26		1,590,236		1,643,075
4.500%, 09/15/27		494,976		497,655
4.500%, 02/15/41		35,188		36,246
5.000%, 10/15/34		362,979		383,935
5.000%, 12/15/37		113,347		117,819
5.000%, 03/15/41		500,000		531,555
5.000%, 04/15/41		756,894		838,811
5.000%, 05/15/41		849,231		934,705
5.500%, 05/15/34		1,960,055		2,079,899
5.500%, 11/15/36		674,803		717,222
5.500%, 06/15/41		4,220,000		4,573,033
Ginnie Mae I 30 Yr. Pool 3.000%, 05/15/42		537,348		521,070
3.000%, 04/15/43		197,492		192,457
3.000%, 05/15/43		219,914		214,334
3.000%, 01/15/45		101,875		98,836
3.000%, 02/15/45		149,437		145,039
3.000%, 03/15/45		889,692		862,742
3.000%, 05/15/45		46,374		44,970
3.000%, 06/15/45		102,036		98,946
3.000%, 07/15/45		471,995		457,732
3.500%, 11/15/41		300,682		300,705
3.500%, 02/15/42		253,227		253,246
3.500%, 03/15/42		277,252		277,009
3.500%, 05/15/42		871,312		870,441
3.500%, 06/15/42		588,695		588,014
4.000%, 09/15/40		1,599,607		1,645,386
4.000%, 10/15/40		123,978		126,872
4.000%, 03/15/41		575,452		586,469
4.000%, 06/15/41		26,487		27,029
4.000%, 09/15/41		167,988		171,891
4.000%, 10/15/41		790,340		810,809
4.000%, 11/15/41		228,270		233,656
4.000%, 12/15/41		680,544		697,262

BHFTI-151

Brighthouse Funds Trust I

Fidelity Institutional Asset Management Government Income Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

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

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Ginnie Mae I 30 Yr. Pool 4.000%, 01/15/42		40,444	$	41,451
4.000%, 02/15/42		40,395		41,334
4.000%, 03/15/42		164,208		167,452
4.000%, 11/15/42		32,290		33,021
4.000%, 01/15/43		55,897		57,211
4.500%, 08/15/39		1,850,962		1,931,359
4.500%, 06/15/40		546,899		570,569
4.500%, 07/15/40		125,146		130,671
4.500%, 03/15/41		663,874		692,555
4.500%, 04/15/41		58,620		61,169
5.000%, 03/15/39		71,047		75,457
5.000%, 07/15/39		131,427		138,807
5.000%, 08/15/39		130,744		138,824
5.000%, 09/15/39		92,157		97,885
5.000%, 04/15/40		45,500		48,339
5.000%, 08/15/40		162,334		172,278
5.000%, 04/15/41		124,209		131,891
5.000%, 09/15/41		87,147		92,567
5.500%, 10/15/39		19,730		21,201
6.000%, 06/15/36		855,100		933,239
Ginnie Mae II 30 Yr. Pool 3.000%, 12/20/42		1,172,226		1,141,632
3.000%, 03/20/43		1,071,454		1,043,903
3.000%, 11/20/46		18,826,717		18,262,456
3.500%, 12/20/42		458,800		458,830
3.500%, 07/20/45		5,957,799		5,939,825
3.500%, 12/20/45		9,503,331		9,474,659
3.500%, 05/20/46		2,221,138		2,211,751
3.500%, 06/20/46		6,539,984		6,512,609
3.500%, 11/20/47		683,700		680,361
3.500%, 12/20/47		3,913,395		3,894,276
3.500%, TBA (a)		6,050,000		6,015,851
4.000%, 09/20/39		162,887		167,600
4.000%, 10/20/40		22,488		23,077
4.000%, 11/20/40		1,567,341		1,608,330
4.000%, 10/20/41		1,935,328		1,985,886
4.000%, 11/20/41		726,514		745,538
4.000%, 04/20/42		939,901		964,463
4.000%, 06/20/42		71,003		72,849
4.000%, 08/20/44		260,860		267,360
4.000%, 10/20/44		1,875,119		1,921,775
4.000%, 11/20/44		4,165,033		4,268,775
4.000%, 12/20/44		105,823		108,458
4.000%, TBA (a)		1,200,000		1,220,273
4.500%, 02/20/40		165,273		173,260
4.500%, 09/20/40		17,945		18,814
4.500%, TBA (a)		11,300,000		11,679,610
Ginnie Mae II Pool 4.299%, 08/20/61 (b)		167,564		167,997
4.448%, 12/20/61 (b)		3,907,152		3,932,503
4.728%, 01/20/62 (b)		1,048,965		1,055,522
5.470%, 08/20/59 (b)		1,728		1,826
Government National Mortgage Association (CMO) 1.650%, 01/20/63		860,875		848,634
1.750%, 03/20/63		5,281,699		5,201,320

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Government National Mortgage Association (CMO) 2.380%, 1M LIBOR + 0.300%, 08/20/60 (b)		184,412	$	183,979
2.380%, 1M LIBOR + 0.300%, 09/20/60 (b)		220,573		220,068
2.403%, 1M LIBOR + 0.330%, 07/20/60 (b)		235,171		234,795
2.415%, 1M LIBOR + 0.250%, 10/20/47 (b)		1,231,983		1,229,397
2.465%, 1M LIBOR + 0.300%, 05/20/48 (b)		1,534,969		1,535,889
2.465%, 1M LIBOR + 0.300%, 06/20/48 (b)		1,731,442		1,730,505
2.500%, 11/20/46		246,870		234,850
2.500%, 06/20/63		20,100,565		20,015,367
2.500%, 05/20/65		3,602,287		3,581,399
2.500%, 06/20/65		841,074		836,266
2.570%, 1M LIBOR + 0.490%, 02/20/61 (b)		282,081		282,576
2.580%, 1M LIBOR + 0.500%, 12/20/60 (b)		503,473		504,705
2.580%, 1M LIBOR + 0.500%, 02/20/61 (b)		82,398		82,558
2.580%, 1M LIBOR + 0.500%, 04/20/61 (b)		165,387		165,809
2.580%, 1M LIBOR + 0.500%, 05/20/61 (b)		348,884		349,879
2.610%, 1M LIBOR + 0.530%, 06/20/61 (b)		230,659		231,357
2.645%, 1M LIBOR + 0.480%, 01/20/38 (b)		40,238		40,390
2.665%, 1M LIBOR + 0.500%, 07/20/37 (b)		161,132		161,894
2.680%, 1M LIBOR + 0.600%, 10/20/61 (b)		801,190		805,081
2.688%, 1M LIBOR + 0.530%, 12/16/39 (b)		147,497		148,440
2.710%, 1M LIBOR + 0.630%, 01/20/62 (b)		786,653		791,245
2.710%, 1M LIBOR + 0.630%, 03/20/62 (b)		458,940		461,379
2.730%, 1M LIBOR + 0.650%, 05/20/61 (b)		128,340		128,596
2.730%, 1M LIBOR + 0.650%, 11/20/65 (b)		695,053		696,068
2.750%, 02/20/64		5,727,239		5,665,835
2.750%, 05/20/64		1,273,923		1,252,719
2.758%, 1M LIBOR + 0.600%, 11/16/39 (b)		194,441		195,879
2.770%, 1Y CMT + 0.350%, 08/20/66 (b)		5,785,801		5,793,593
2.780%, 1M LIBOR + 0.700%, 11/20/61 (b)		748,771		754,421
2.780%, 1M LIBOR + 0.700%, 01/20/62 (b)		515,476		519,169
2.920%, 1Y CMT + 0.500%, 05/20/66 (b)		6,213,239		6,236,952
3.000%, 11/16/45		2,257,510		2,196,558
3.000%, 03/20/63		4,976,615		4,963,131
3.250%, 08/20/68		4,810,655		4,779,945
3.500%, 11/20/36 (c)		146,693		10,561
3.500%, 09/20/63		2,242,267		2,247,666
3.935%, -1 x 1M LIBOR + 6.100%, 07/20/41 (b) (c)		218,465		28,176
4.000%, 12/20/40		4,200,004		4,311,090
4.500%, 05/16/40		80,000		82,619
4.500%, 05/20/40 (c)		24,165		3,418
4.500%, 12/20/40		1,895,541		1,953,145
5.000%, 12/20/39		4,188,874		4,381,440
5.000%, 03/20/40		3,190,000		3,456,512
5.010%, 09/20/60 (b)		1,359,442		1,373,296
5.150%, 08/20/60		1,310,543		1,325,369
5.296%, 07/20/60 (b)		1,494,374		1,514,252
5.500%, 04/20/34		165,438		200,318
5.780%, -1 x 1M LIBOR + 8.667%, 04/20/39 (b)		802,128		798,894
5.913%, -1 x 1M LIBOR + 8.800%, 08/20/39 (b)		2,554,997		2,568,716
				601,305,338
Federal Agencies—6.4%
Federal Home Loan Bank 2.125%, 02/11/20		25,000,000		24,790,250

BHFTI-152

Brighthouse Funds Trust I

Fidelity Institutional Asset Management Government Income Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

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

Security Description	Principal Amount*		Value
Federal Agencies—(Continued)
Federal Home Loan Bank 2.625%, 10/01/20		14,000,000	$	13,931,008
Federal Home Loan Mortgage Corp. 6.250%, 07/15/32		7,568,000		9,969,046
6.750%, 03/15/31		481,000		643,730
Federal National Mortgage Association 1.500%, 11/30/20		2,000		1,944
6.625%, 11/15/30		1,430,000		1,883,164
Tennessee Valley Authority 5.250%, 09/15/39		557,000		682,089
5.500%, 06/15/38		6,117,000		7,645,602
5.880%, 04/01/36		2,127,000		2,727,031
				62,273,864
U.S. Treasury—19.2%
U.S. Treasury Bonds 2.500%, 02/15/46		5,001,000		4,362,591
2.750%, 08/15/47		21,139,000		19,349,617
2.750%, 11/15/47		2,250,000		2,058,486
2.875%, 08/15/45		22,188,000		20,882,722
3.000%, 11/15/44		9,140,000		8,819,029
3.000%, 11/15/45		4,756,000		4,585,081
3.000%, 05/15/47		400,000		385,062
3.000%, 08/15/48		12,555,000		12,075,850
3.625%, 02/15/44 (d) (e)		48,659,000		52,241,899
4.375%, 05/15/40		7,000,000		8,315,234
4.375%, 05/15/41		7,966,000		9,494,165
4.750%, 02/15/37		4,137,000		5,080,915
5.250%, 02/15/29 (d) (e)		14,380,000		17,168,934
U.S. Treasury Notes 1.500%, 08/15/26		4,153,000		3,708,986
2.000%, 08/15/25		11,484,000		10,763,110
2.000%, 11/15/26		2,480,000		2,295,066
2.125%, 05/15/25		871,000		824,932
2.250%, 11/15/27		119,000		111,395
2.750%, 02/28/25		1,340,000		1,320,842
2.750%, 08/31/25		1,410,000		1,386,922
				185,230,838
Total U.S. Treasury & Government Agencies (Cost $882,579,658)				848,810,040
Asset-Backed Securities—6.7%
Asset-Backed - Automobile—0.4%
Securitized Term Auto Receivables Trust 3.068%, 01/25/22 (144A)		3,550,000		3,538,786
Asset-Backed - Other—2.1%
CLUB Credit Trust 2.990%, 05/15/24 (144A)		2,096,623		2,097,263
Dell Equipment Finance Trust 3.180%, 06/22/23 (144A)		625,000		624,972
Ford Credit Floorplan Master Owner Trust 2.950%, 05/15/23		7,578,000		7,519,956

Security Description	Principal Amount*		Value
Asset-Backed - Other—(Continued)
Kubota Credit Owner Trust 3.100%, 08/15/22 (144A)		5,080,000	$	5,068,409
Nationstar HECM Loan Trust 1.968%, 05/25/27 (144A)		2,028,708		2,024,833
2.760%, 02/25/28 (144A) (b)		3,529,676		3,529,217
				20,864,650
Asset-Backed - Student Loan—4.2%
GCO Education Loan Funding Trust 2.441%, 3M LIBOR + 0.130%, 05/25/25 (b)		440,484		440,221
Goal Capital Funding Trust 2.481%, 3M LIBOR + 0.170%, 05/28/30 (b)		557,951		557,524
Higher Education Funding I 2.471%, 3M LIBOR + 0.160%, 02/25/32 (b)		554,019		553,405
Illinois Student Assistance Commission 3.385%, 3M LIBOR + 1.050%, 04/25/22 (b)		88,088		88,202
Navient Student Loan Trust 2.406%, 1M LIBOR + 0.190%, 03/25/67 (144A) (b)		2,376,555		2,376,555
2.516%, 1M LIBOR + 0.300%, 07/26/66 (144A) (b)		1,579,420		1,580,427
2.616%, 1M LIBOR + 0.400%, 07/26/66 (144A) (b)		324,023		324,067
2.636%, 1M LIBOR + 0.420%, 08/27/29 (b)		2,179,273		2,180,859
2.816%, 1M LIBOR + 0.600%, 07/26/66 (144A) (b)		3,846,000		3,873,278
Northstar Education Finance, Inc. 2.569%, 3M LIBOR + 0.230%, 07/28/21 (b)		4,873,929		4,875,004
SLM Student Loan Trust 2.805%, 3M LIBOR + 0.470%, 01/26/26 (b)		23,319,228		23,396,763
				40,246,305
Total Asset-Backed Securities (Cost $64,685,140)				64,649,741
Foreign Government—4.8%
Sovereign—4.8%
Hashemite Kingdom of Jordan Government AID Bond 3.000%, 06/30/25		10,389,000		10,207,459
Israel Government AID Bonds 5.500%, 09/18/23		13,878,000		15,365,079
5.500%, 12/04/23		8,920,000		9,912,888
5.500%, 04/26/24		1,900,000		2,123,901
Ukraine Government AID Bond 1.471%, 09/29/21		9,388,000		8,984,279
Total Foreign Government (Cost $51,341,244)				46,593,606
Mortgage-Backed Securities—3.3%
Collateralized Mortgage Obligations—3.0%
Holmes Master Issuer plc 2.561%, 3M LIBOR + 0.420%, 10/15/54 (144A) (b)		1,218,000		1,218,269
2.699%, 3M LIBOR + 0.360%, 10/15/54 (144A) (b)		5,600,000		5,593,683
National Credit Union Administration Guaranteed Notes Trust 2.571%, 1M LIBOR + 0.450%, 01/08/20 (b)		3,436,916		3,441,903

BHFTI-153

Brighthouse Funds Trust I

Fidelity Institutional Asset Management Government Income Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Mortgage-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Collateralized Mortgage Obligations —(Continued)
Permanent Master Issuer plc 2.747%, 3M LIBOR + 0.380%, 07/15/58 (144A) (b)		3,471,000	$	3,467,869
Seasoned Credit Risk Transfer Trust 3.500%, 08/25/57		12,631,587		12,513,755
Seasoned Loans Structured Transaction 3.500%, 06/25/28		2,137,672		2,130,663
Thornburg Mortgage Securities Trust 2.856%, 1M LIBOR + 0.640%, 09/25/43 (b)		276,469		275,300
				28,641,442
Commercial Mortgage-Backed Securities—0.3%
GS Mortgage Securities Trust 2.045%, 03/10/50		3,328,489		3,271,224
Total Mortgage-Backed Securities (Cost $32,024,707)				31,912,666
Corporate Bonds & Notes—1.6%
Diversified Financial Services—0.7%
Private Export Funding Corp. 4.300%, 12/15/21		6,000,000		6,218,520
Sovereign—0.9%
National Credit Union Administration Guaranteed Notes Trust 3.450%, 06/12/21		8,645,000		8,754,446
Total Corporate Bonds & Notes (Cost $7,848,168)				14,972,966

Short-Term Investment—1.2%
Security Description	Shares		Value
Mutual Fund—1.2%
State Street Institutional Liquid Reserves Fund Trust Class, 2.154% (f)		11,997,259	$	11,998,459
Total Short-Term Investments (Cost $11,998,459)				11,998,459
Total Purchased Options— 0.2% (g) (Cost $2,161,892)				2,087,060
Total Investments—105.7% (Cost $1,052,639,268)				1,021,024,538
Other assets and liabilities (net)—(5.7)%				(55,346,647	)
Net Assets—100.0%			$	965,677,891

*	Principal and notional amounts stated in U.S. dollars unless otherwise noted.
(a)	TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date.
(b)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above.
(c)	Interest only security.
(d)	All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2018, the market value of securities pledged was $686,022.
(e)	All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of September 30, 2018, the market value of securities pledged was $898,079.
(f)	The rate shown represents the annualized seven-day yield as of September 30, 2018.
(g)	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, 2018, the market value of 144A securities was $35,317,628, which is 3.7% of net assets.

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
U.S. Treasury Note 10 Year Futures		12/19/18		631			USD	74,950,969		$	(935,801	)
U.S. Treasury Note 5 Year Futures		12/31/18		144			USD	16,196,625			(156,665	)
Futures Contracts—Short
U.S. Treasury Long Bond Futures		12/19/18		(1	)		USD	(140,500	)		4,412
U.S. Treasury Note 2 Year Futures		12/31/18		(131	)		USD	(27,606,203	)		93,906
U.S. Treasury Note Ultra 10 Year Futures		12/19/18		(28	)		USD	(3,528,000	)		(7,526	)
Net Unrealized Depreciation										$	(1,001,674	)

BHFTI-154

Brighthouse Funds Trust I

Fidelity Institutional Asset Management Government Income Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Purchased Options

Interest Rate Swaptions	Strike Rate	Counterparty	Floating Rate Index	Pay/ Receive Floating Rate	Expiration Date		Number of Contracts		Notional Amount			Premiums Paid		Market Value		Unrealized Appreciation/ (Depreciation)
Call - OTC - Interest Rate Swap	2.495%	GSCM	3M LIBOR	Pay		10/05/20		3,500,000		USD	3,500,000	$	116,375	$	169,519	$	53,144
Call - OTC - Interest Rate Swap	2.788%	GSCM	3M LIBOR	Pay		01/25/21		25,000,000		USD	25,000,000		735,250		936,000		200,750
Call - OTC - Interest Rate Swap	3.058%	JPMC	3M LIBOR	Pay		04/20/21		10,100,000		USD	10,100,000		313,100		289,890		(23,210	)
Put - OTC - Interest Rate Swap	2.495%	GSCM	3M LIBOR	Receive		10/05/20		3,500,000		USD	3,500,000		116,375		35,039		(81,336	)
Put - OTC - Interest Rate Swap	2.788%	GSCM	3M LIBOR	Receive		01/25/21		25,000,000		USD	25,000,000		735,250		415,818		(319,432	)
Put - OTC - Interest Rate Swap	3.058%	JPMC	3M LIBOR	Receive		04/20/21		10,100,000		USD	10,100,000		145,542		240,794		95,252
Totals												$	2,161,892	$	2,087,060	$	(74,832	)

Written Options

Interest Rate Swaptions	Strike Rate	Counterparty	Floating Rate Index	Pay/ Receive Floating Rate	Expiration Date		Number of Contracts			Notional Amount				Premiums Received			Market Value			Unrealized Appreciation/ (Depreciation)
Call - OTC - Interest Rate Swap	2.940%	JPMC	3M LIBOR	Receive		08/20/21		(15,000,000	)		USD	(15,000,000	)	$	(480,900	)	$	(366,401	)	$	114,499
Call - OTC - Interest Rate Swap	2.955%	JPMC	3M LIBOR	Receive		08/23/21		(5,500,000	)		USD	(5,500,000	)		(176,000	)		(136,640	)		39,360
Put - OTC - Interest Rate Swap	2.940%	JPMC	3M LIBOR	Pay		08/20/21		(15,000,000	)		USD	(15,000,000	)		(480,900	)		(559,146	)		(78,246	)
Put - OTC - Interest Rate Swap	2.955%	JPMC	3M LIBOR	Pay		08/23/21		(5,500,000	)		USD	(5,500,000	)		(176,000	)		(202,176	)		(26,176	)
Totals														$	(1,313,800	)	$	(1,264,363	)	$	49,437

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 Received			Unrealized Depreciation
Pay	3M LIBOR		Quarterly	2.750%	Semi-Annually		12/19/23		USD	33,250,000	$	(550,959	)	$	(375,462	)	$	(175,497	)
Pay	3M LIBOR		Quarterly	2.750%	Semi-Annually		12/19/25		USD	5,770,000		(127,781	)		(85,351	)		(42,430	)
Totals											$	(678,740	)	$	(460,813	)	$	(217,927	)

Glossary of Abbreviations

Counterparties

(GSCM) —	Goldman Sachs Capital Markets, LP
(JPMC) —	JPMorgan Chase Bank N.A.

Currencies

(USD) — United States Dollar

Index Abbreviations

(CMT) —	U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index
(LIBOR) —	London Interbank Offered Rate

Other Abbreviations

(ARM) —	Adjustable-Rate Mortgage
(CMO) —	Collateralized Mortgage Obligation
(REMIC)—	Real Estate Mortgage Investment Conduit

BHFTI-155

Brighthouse Funds Trust I

Fidelity Institutional Asset Management Government Income Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1			Level 2			Level 3		Total
Total U.S. Treasury & Government Agencies*	$	—		$	848,810,040		$	—	$	848,810,040
Total Asset-Backed Securities*		—			64,649,741			—		64,649,741
Total Foreign Government*		—			46,593,606			—		46,593,606
Total Mortgage-Backed Securities*		—			31,912,666			—		31,912,666
Total Corporate Bonds & Notes*		—			14,972,966			—		14,972,966
Total Short-Term Investment*		11,998,459			—			—		11,998,459
Purchased Options at Value		—			2,087,060			—		2,087,060
Total Investments	$	11,998,459		$	1,009,026,079		$	—	$	1,021,024,538
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	98,318		$	—		$	—	$	98,318
Futures Contracts (Unrealized Depreciation)		(1,099,992	)		—			—		(1,099,992	)
Total Futures Contracts	$	(1,001,674	)	$	—		$	—	$	(1,001,674	)
Written Options at Value	$	—		$	(1,264,363	)	$	—	$	(1,264,363	)
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Depreciation)	$	—		$	(217,927	)	$	—	$	(217,927	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-156

Brighthouse Funds Trust I

Harris Oakmark International Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—96.6% of Net Assets

Security Description	Shares		Value
Australia—2.5%
AMP, Ltd.		14,083,922	$	32,469,946
Brambles, Ltd.		671,100		5,288,084
Orica, Ltd.		3,294,100		40,386,865
				78,144,895
Canada—1.7%
Alimentation Couche-Tard, Inc. - Class B (a)		269,900		13,500,746
Cenovus Energy, Inc.		3,990,700		40,072,295
				53,573,041
China—0.5%
Baidu, Inc. (ADR) (b)		65,575		14,995,691
France—10.6%
Accor S.A.		681,533		34,938,473
BNP Paribas S.A.		2,211,776		135,174,325
Bureau Veritas S.A.		987,060		25,449,699
Danone S.A.		298,933		23,142,373
Pernod-Ricard S.A.		48,750		7,997,327
Publicis Groupe S.A.		1,063,059		63,403,676
Valeo S.A.		1,073,747		46,622,501
				336,728,374
Germany—16.8%
Allianz SE		471,500		105,034,948
Bayer AG		888,160		78,898,266
Bayerische Motoren Werke AG		1,182,007		106,469,182
Continental AG		485,000		84,426,698
Daimler AG		2,218,261		139,735,567
ThyssenKrupp AG		695,200		17,561,939
				532,126,600
Indonesia—1.6%
Bank Mandiri Persero Tbk PT		110,553,900		49,861,544
Ireland—1.6%
Ryanair Holdings plc (ADR) (a) (b)		520,204		49,960,392
Italy—3.6%
Intesa Sanpaolo S.p.A.		45,640,400		116,160,037
Japan—4.4%
Komatsu, Ltd.		1,111,500		33,822,591
Olympus Corp.		955,500		37,303,786
Omron Corp.		18,000		760,391
Toyota Motor Corp.		1,113,100		69,058,711
				140,945,479
Mexico—1.4%
Grupo Televisa S.A.B. (ADR)		2,445,008		43,374,442
Netherlands—3.6%
Akzo Nobel NV		123,461		11,543,381
ASML Holding NV		151,750		28,336,601

Security Description	Shares		Value
Netherlands—(Continued)
EXOR NV		1,109,805	$	74,379,237
				114,259,219
South Africa—2.8%
Naspers, Ltd. - N Shares		411,156		88,490,683
South Korea—1.1%
Samsung Electronics Co., Ltd.		874,350		36,619,754
Sweden—7.0%
Hennes & Mauritz AB - B Shares (a)		7,294,400		134,651,309
SKF AB - B Shares		2,388,890		47,077,517
Volvo AB - B Shares		2,290,391		40,449,413
				222,178,239
Switzerland—13.0%
Cie Financiere Richemont S.A.		526,947		42,900,251
Credit Suisse Group AG (b)		6,907,254		103,658,028
Ferguson plc		59,789		5,071,916
Glencore plc (b)		26,340,920		113,547,958
Kuehne & Nagel International AG		173,355		27,440,929
LafargeHolcim, Ltd. (b)		1,592,505		78,529,871
Nestle S.A.		478,400		39,853,630
				411,002,583
Taiwan—1.6%
Taiwan Semiconductor Manufacturing Co., Ltd.		5,838,000		49,847,472
United Kingdom—21.1%
Ashtead Group plc		1,285,741		40,806,655
CNH Industrial NV		8,259,400		99,062,186
Diageo plc		598,500		21,195,496
Experian plc		763,800		19,616,373
G4S plc		7,859,600		24,758,348
Liberty Global plc - Class A (b)		934,500		27,035,085
Liberty Global plc - Class C (b)		2,120,600		59,716,096
Lloyds Banking Group plc		163,306,700		126,021,703
Meggitt plc		1,901,718		14,029,582
Reckitt Benckiser Group plc		187,600		17,138,066
Royal Bank of Scotland Group plc		18,857,901		60,965,991
Schroders plc		1,813,284		73,052,632
Schroders plc (non-voting shares)		10,427		346,198
Smiths Group plc		1,343,207		26,180,378
WPP plc		4,141,100		60,536,535
				670,461,324
United States—1.7%
Willis Towers Watson plc		382,830		53,956,060
Total Common Stocks (Cost $3,115,272,291)				3,062,685,829

BHFTI-157

Brighthouse Funds Trust I

Harris Oakmark International Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Short-Term Investment—3.2%

Security Description	Principal Amount*		Value
Repurchase Agreement—3.2%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $102,074,690; collateralized by U.S. Treasury Notes at 2.125% maturity dates ranging from 02/29/24 - 03/31/24, and an aggregate market value of $104,110,815.		102,066,184	$	102,066,184
Total Short-Term Investments (Cost $102,066,184)				102,066,184
Securities Lending Reinvestments (c)—4.4%
Bank Note—0.2%
Bank of America N.A. 2.398%, 1M LIBOR + 0.250%, 11/13/18 (d)		5,000,000		5,000,000
Certificates of Deposit—0.3%
BNP Paribas S.A. New York 2.574%, 1M LIBOR + 0.470%, 12/04/18 (d)		2,000,000		2,001,174
Landesbank Baden-Wuettertemberg 2.180%, 10/02/18		2,000,000		2,000,004
Royal Bank of Canada New York 2.378%, 1M LIBOR + 0.210%, 09/17/19 (d)		3,000,000		2,999,835
Sumitomo Mitsui Trust Bank, Ltd. 2.443%, 3M LIBOR + 0.110%, 10/11/18 (d)		1,000,000		1,000,007
Wells Fargo Bank N.A. 2.473%, 3M LIBOR + 0.140%, 07/11/19 (d)		2,500,000		2,500,285
				10,501,305
Commercial Paper—0.5%
ING Funding LLC 2.453%, 1M LIBOR + 0.320%, 02/08/19 (d)		5,000,000		5,002,555
LMA S.A. & LMA Americas 2.470%, 11/13/18		3,951,972		3,988,436
Westpac Banking Corp. 2.492%, 1M LIBOR + 0.280%, 05/24/19 (d)		5,000,000		5,002,770
				13,993,761
Repurchase Agreements—2.7%
Citigroup Global Markets, Ltd. Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $5,503,842; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/25/18 - 02/15/43, and an aggregate market value of $5,612,894.		5,502,834		5,502,834
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $3,300,616; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.625% - 2.875%, maturity dates ranging from 01/15/19 - 02/15/43, and an aggregate market value of $3,366,000.		3,300,000		3,300,000

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Citigroup Global Markets, Ltd. Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $2,100,392; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 1.750% - 2.875%, maturity dates ranging from 10/15/20 - 05/15/27, and an aggregate market value of $2,142,001.		2,100,000	$	2,100,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $3,300,616; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.375% - 3.125%, maturity dates ranging from 12/17/18 - 02/15/43, and an aggregate market value of $3,366,000.		3,300,000		3,300,000
Deutsche Bank AG, London Repurchase Agreement dated 08/24/18 at 2.560%, due on 10/01/18 with a maturity value of $11,910,097; collateralized by various Common Stock with an aggregate market value of $13,224,045.		11,878,000		11,878,000
Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $1,935,804; collateralized by various Common Stock with an aggregate market value of $2,115,313.		1,900,000		1,900,000
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $2,108,329; collateralized by various Common Stock with an aggregate market value of $2,333,616.		2,100,000		2,100,000
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $15,007,204; collateralized by various Common Stock with an aggregate market value of $16,503,214.		15,000,000		15,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $5,507,055; collateralized by various Common Stock with an aggregate market value of $6,008,338.		5,400,000		5,400,000
Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $3,342,686; collateralized by various Common Stock with an aggregate market value of $3,671,762.		3,300,000		3,300,000
Repurchase Agreement dated 07/19/18 at 2.370%, due on 10/05/18 with a maturity value of $5,025,675; collateralized by various Common Stock with an aggregate market value of $5,563,721.		5,000,000		5,000,000
Societe Generale Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $3,951,802; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $4,331,529.		3,900,000		3,900,000

BHFTI-158

Brighthouse Funds Trust I

Harris Oakmark International Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Societe Generale Repurchase Agreement dated 03/16/18 at 2.310%, due on 10/01/18 with a maturity value of $4,760,015; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $5,220,047.		4,700,000	$	4,700,000
Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $4,859,752; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $5,331,112.		4,800,000		4,800,000
Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $10,119,992; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $11,106,484.		10,000,000		10,000,000
Repurchase Agreement dated 04/18/18 at 2.340%, due on 10/05/18 with a maturity value of $2,527,625; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,776,621.		2,500,000		2,500,000
				84,680,834
Time Deposits—0.7%
Canadian Imperial Bank of Commerce 2.130%, 10/01/18		4,000,000		4,000,000
Cooperative Rabobank UA New York 2.150%, 10/01/18		6,000,000		6,000,000
DZ Bank AG 2.150%, 10/01/18		3,000,000		3,000,000
Erste Group Bank AG 2.170%, 10/01/18		2,000,000		2,000,000
Nordea Bank New York 2.140%, 10/01/18		3,000,000		3,000,000
Skandinaviska Enskilda Banken 2.130%, 10/01/18		2,000,000		2,000,000

Security Description	Principal Amount*		Value
Time Deposits—(Continued)
Svenska Handelsbanken AB 2.140%, 10/01/18		3,000,000	$	3,000,000
				23,000,000
Total Securities Lending Reinvestments (Cost $137,169,032)				137,175,900
Total Investments—104.2% (Cost $3,354,507,507)				3,301,927,913
Other assets and liabilities (net)—(4.2)%				(132,463,605	)
Net Assets—100.0%			$	3,169,464,308

*	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, 2018, the market value of securities loaned was $129,700,555 and the collateral received consisted of cash in the amount of $137,132,806. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(b)	Non-income producing security.
(c)	Represents investment of cash collateral received from securities on loan as of September 30, 2018.
(d)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. 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, 2018 (Unaudited)	% of Net Assets
Banks		15.4
Media		10.8
Automobiles		9.9
Machinery		7.0
Capital Markets		5.6
Insurance		5.0
Specialty Retail		4.3
Metals & Mining		4.1
Auto Components		4.1
Diversified Financial Services		3.4

Forward Foreign Currency Exchange Contracts

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation
CHF	56,329,000	SSBT		06/19/19		USD	59,620,657	$	722,256

Glossary of Abbreviations

Counterparties

(SSBT)— State Street Bank and Trust

BHFTI-159

Brighthouse Funds Trust I

Harris Oakmark International Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Glossary of Abbreviations—(Continued)

Currencies

(USD)—	United States Dollar
(CHF)—	Swiss Franc

Index Abbreviations

(LIBOR)— London Interbank Offered Rate

Other Abbreviations

(ADR)— American Depositary Receipt

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2			Level 3		Total
Common Stocks
Australia	$	—	$	78,144,895		$	—	$	78,144,895
Canada		53,573,041		—			—		53,573,041
China		14,995,691		—			—		14,995,691
France		—		336,728,374			—		336,728,374
Germany		—		532,126,600			—		532,126,600
Indonesia		—		49,861,544			—		49,861,544
Ireland		49,960,392		—			—		49,960,392
Italy		—		116,160,037			—		116,160,037
Japan		—		140,945,479			—		140,945,479
Mexico		43,374,442		—			—		43,374,442
Netherlands		—		114,259,219			—		114,259,219
South Africa		—		88,490,683			—		88,490,683
South Korea		—		36,619,754			—		36,619,754
Sweden		—		222,178,239			—		222,178,239
Switzerland		—		411,002,583			—		411,002,583
Taiwan		—		49,847,472			—		49,847,472
United Kingdom		86,751,181		583,710,143			—		670,461,324
United States		53,956,060		—			—		53,956,060
Total Common Stocks		302,610,807		2,760,075,022			—		3,062,685,829
Total Short-Term Investment*		—		102,066,184			—		102,066,184
Total Securities Lending Reinvestments*		—		137,175,900			—		137,175,900
Total Investments	$	302,610,807	$	2,999,317,106		$	—	$	3,301,927,913
Collateral for Securities Loaned (Liability)	$	—	$	(137,132,806	)	$	—	$	(137,132,806	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—	$	722,256		$	—	$	722,256

* See Schedule of Investments for additional detailed categorizations.

BHFTI-160

Brighthouse Funds Trust I

Invesco Balanced-Risk Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

U.S. Treasury & Government Agencies—4.5% of Net Assets

Security Description	Principal Amount*		Value
U.S. Treasury—4.5%
U.S. Treasury Floating Rate Notes 2.192%, 3M USTBMM + 0.000%, 01/31/20 (a)		11,050,000	$	11,049,014
2.225%, 3M USTBMM + 0.033%, 04/30/20 (a)		29,992,000		29,995,557
2.235%, 3M USTBMM + 0.043%, 07/31/20 (a)		28,160,000		28,159,338
Total U.S. Treasury & Government Agencies (Cost $69,202,001)				69,203,909
Municipals—2.3%
New York State Housing Finance Agency, Revenue Bonds 2.150%, 05/01/50 (a)		17,200,000		17,200,000
2.170%, 11/01/49 (a)		18,000,000		18,000,000
Total Municipals (Cost $35,200,000)				35,200,000
Commodity-Linked Securities—1.9%
Canadian Imperial Bank of Commerce Commodity Linked EMTN, U.S. Federal Funds (Effective) Rate minus 0.020% (linked to Canadian Imperial Bank of Commerce Custom 5 Agriculture Commodity Index, multiplied by 2), 08/23/19 (144A) (a)		7,570,000		6,714,362
Cargill, Inc. Commodity Linked Note, one month LIBOR Rate minus 0.010% (linked to Monthly Rebalance Commodity Excess Return Index, multiplied by 2), 08/21/19 (144A) (a)		14,430,000		12,941,001
Royal Bank of Canada Commodity Linked Note, U.S. Federal Funds (Effective) Rate minus 0.040% (linked to Royal Bank of Canada Enhanced Agriculture Basket 04 Excess Return Index, multiplied by 2), 08/30/19 (144A) (a)		10,050,000		9,030,001
Total Commodity-Linked Securities (Cost $32,050,000)				28,685,364
Short-Term Investments—89.2%
Certificate of Deposit—9.8%
Bank of America N.A. 2.523%, 11/08/18		20,000,000		20,005,120
Bank of Montreal 2.440%, 01/24/19		20,000,000		19,998,898
KBC Bank NV 2.280%, 12/14/18		35,000,000		34,998,731
Sumitomo Mitsui Trust Bank, Ltd. 2.180%, 10/04/18		44,000,000		44,000,000
Wells Fargo Bank N.A. 2.350%, 1M LIBOR + 0.240%, 12/05/18 (a)		20,000,000		20,009,100
2.620%, 1M LIBOR + 0.500%, 04/05/19 (a)		13,000,000		13,024,895
				152,036,744
Commercial Paper—53.4%
Albion Capital Corp. 2.113%, 10/22/18 (144A) (b)		40,000,000		39,941,173
American Honda Finance Corp. 1.728%, 10/05/18 (b)		15,000,000		14,993,700
2.165%, 11/21/18 (b)		4,750,000		4,733,869
2.227%, 12/07/18 (b)		20,000,000		19,910,672
Commercial Paper—(Continued)
Apple, Inc. 1.975%, 10/18/18 (144A) (b)		40,000,000		39,951,933
CAFCO LLC 2.425%, 01/09/19 (144A) (b)		20,000,000		19,864,498
Cancara Asset Security LLC 2.290%, 12/11/18 (b)		20,000,000		19,903,677
Coca-Cola Co. (The) 2.303%, 12/17/18 (144A) (b)		30,000,000		29,848,667
Collateralized Commercial Paper II Co. LLC 0.195%, 1M LIBOR + 0.260%, 11/01/18 (144A) (a)		30,000,000		30,008,160
CRC Funding LLC 2.256%, 12/05/18 (144A) (b)		20,000,000		19,913,300
DBS Bank, Ltd. 2.459%, 01/17/19 (144A) (b)		5,000,000		4,962,707
2.479%, 01/16/19 (144A) (b)		10,000,000		9,926,147
HSBC Bank plc 2.544%, 1M LIBOR + 0.430%, 10/03/18 (144A) (a)		30,000,000		30,001,410
2.690%, 1M LIBOR + 0.460%, 03/27/19 (144A) (a)		15,000,000		15,024,255
IBM Corp. 2.285%, 12/20/18 (b)		14,000,000		13,925,438
ING U.S. Funding LLC 2.414%, 1M LIBOR + 0.300%, 03/04/19 (a)		20,000,000		20,018,440
Intel Corp. 2.214%, 12/21/18 (b)		35,000,000		34,816,250
Longship Funding LLC 2.163%, 11/05/18 (144A) (b)		20,000,000		19,950,494
L’Oreal U.S.A., Inc. 1.885%, 10/09/18 (b)		40,000,000		39,973,723
Manhattan Asset Funding Co. LLC 2.451%, 01/22/19 (144A) (b)		40,000,000		39,686,542
Mont Blanc Capital Corp. 2.306%, 12/05/18 (144A) (b)		22,000,000		21,904,963
Nestle Finance International, Ltd. 2.214%, 12/20/18 (b)		40,000,000		39,785,583
Old Line Funding LLC 2.284%, 12/18/18 (144A) (b)		40,000,000		39,793,450
PACCAR Financial Corp. 2.132%, 10/22/18 (b)		40,000,000		39,941,173
Proctor Gamble & Co. 2.206%, 12/06/18 (b)		29,350,000		29,224,328
Sanofi 2.253%, 12/17/18 (b)		40,000,000		39,795,556
Toronto Dominion Bank 1.666%, 10/04/18 (144A) (b)		7,500,000		7,497,360
Toyota Motor Finance 2.419%, 3M LIBOR + 0.100%, 05/10/19 (a)		30,000,000		29,996,790
UBS AG 2.459%, 1M LIBOR + 0.320%, 03/12/19 (144A) (a)		20,000,000		20,014,120
Unilever Capital Corp. Zero Coupon, 10/01/18 (b)		15,000,000		14,997,369
Wal-Mart Stores, Inc. 2.084%, 10/31/18 (b)		45,000,000		44,909,002
Westpac Banking Corp. 2.353%, 1M LIBOR + 0.220%, 12/10/18 (144A) (a)		30,000,000		30,012,810
				825,227,559

BHFTI-161

Brighthouse Funds Trust I

Invesco Balanced-Risk Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Short-Term Investments—(Continued)

Security Description	Shares/ Principal Amount*		Value
Mutual Funds—17.0%
STIC (Global Series) plc - U.S. Dollar Liquidity Portfolio, Institutional Class 2.260% (b) (c)		184,254,604	$	184,254,604
STIT-Government & Agency Portfolio, Institutional Class 2.046% (b) (c)		46,760,489		46,760,489
STIT-Treasury Portfolio, Institutional Class 2.075% (b) (c)		31,173,660		31,173,660
				262,188,753
U.S. Treasury—9.0%
U.S. Treasury Bills 2.060%, 12/27/18 (d)		35,500,000		35,314,797
2.076%, 12/06/18 (d) (e)		72,390,000		72,107,649
2.086%, 01/10/19 (d) (e)		32,000,000		31,804,958
				139,227,404
Total Short-Term Investments (Cost $1,378,748,097)				1,378,680,460
Total Investments—97.9% (Cost $1,515,200,098)				1,511,769,733
Other assets and liabilities (net)—2.1%				32,932,215
Net Assets—100.0%			$	1,544,701,948

*	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, 2018. 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 the annualized seven-day yield as of September 30, 2018.
(c)	Affiliated Issuer.
(d)	The rate shown represents current yield to maturity.
(e)	All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2018, the market value of securities pledged was $55,790,945.
(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, 2018, the market value of 144A securities was $446,987,353 which is 28.9% of net assets.

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts		Notional Amount			Value/ Unrealized Appreciation/ (Depreciation)
Australian 10 Year Treasury Bond Futures		12/17/18		4,150		AUD	534,740,116	$	(2,968,829	)
Brent Crude Oil Futures		10/31/18		324		USD	26,804,520		1,523,792
Canada Government Bond 10 Year Futures		12/18/18		3,335		CAD	442,287,700		(4,664,694	)
Euro STOXX 50 Index Futures		12/21/18		2,850		EUR	96,529,500		1,855,775
Euro-Bund Futures		12/06/18		969		EUR	153,867,510		(1,758,557	)
FTSE 100 Index Futures		12/21/18		1,255		GBP	93,955,575		3,562,982
Gasoline RBOB Futures		10/31/18		448		USD	39,244,531		2,198,181
Hang Seng Index Futures		10/30/18		531		HKD	740,134,350		652,809
Japanese Government 10 Year Bond Futures		12/13/18		4		JPY	600,360,000		(8,484	)
New York Harbor ULSD Futures		01/31/19		95		USD	9,387,273		341,817
Russell 2000 Index Mini Futures		12/21/18		1,155		USD	98,221,200		(1,096,398	)
S&P 500 Index E-Mini Futures		12/21/18		677		USD	98,808,150		717,921
Silver Futures		12/27/18		246		USD	18,095,760		(198,287	)
TOPIX Index Futures		12/13/18		970		JPY	17,629,750,000		12,329,974
U.S. Treasury Long Bond Futures		12/19/18		1,027		USD	144,293,500		(4,329,242	)
United Kingdom Long Gilt Bond Futures		12/27/18		1,309		GBP	158,310,460		(2,333,893	)
WTI Light Sweet Crude Oil Futures		10/22/18		229		USD	16,774,250		824,158
Net Unrealized Appreciation								$	6,649,025

BHFTI-162

Brighthouse Funds Trust I

Invesco Balanced-Risk Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Swap Agreements

OTC Total Return Swaps

Fixed Rate	Payment Frequency	Maturity Date	Counterparty	Underlying Reference Instrument	Notional Amount			Market Value			Upfront Premium Paid/(Received)		Unrealized Appreciation/ (Depreciation)(1)
0.450%	Monthly	07/18/19	BBP	Barclays Commodity Strategy 1735 Excess Return Index (a)		USD	13,332,079	$	(81,940	)	$	—	$	(81,940	)
0.330%	Monthly	10/23/18	BBP	Barclays Copper Excess Return Index		USD	23,501,685		1,257,377			—		1,257,377
0.300%	Monthly	04/10/19	CIBC	CIBC Dynamic Roll LME Copper Excess Return Index 2		USD	29,681,929		2,052,289			—		2,052,289
0.470%	Monthly	07/19/19	CG	Cargill 11 Commodity Index 4 (b)		USD	39,688,270		—			—		—
0.400%	Monthly	07/18/19	GSI	Goldman Sachs Alpha Basket 1072 Excess Return Strategy (c)		USD	40,826,625		(1,138,489	)		—		(1,138,489	)
0.000%	Monthly	10/31/18	GSI	Hang Seng Index		HKD	116,207,871		111,841			—		111,841
0.250%	Monthly	04/25/19	JPMC	JPMorgan Contag Gas Oil Class A Excess Return Index		USD	10,734,937		344,189			—		344,189
0.250%	Monthly	11/13/18	MLI	MLCX Natural Gas Excess Return Index		USD	14,918,819		—			—		—
0.140%	Monthly	06/26/19	MLI	Merrill Lynch Gold Excess Return Index		USD	7,666,985		—			—		—
0.380%	Monthly	10/16/18	MSC	S&P GSCI Aluminum Dynamic Roll Index		USD	10,973,291		151,314			—		151,314
0.090%	Monthly	10/16/18	JPMC	S&P GSCI Gold Official Close Index		USD	21,376,479		(145,543	)		—		(145,543	)
Totals								$	2,551,038		$	—	$	2,551,038

(1) There is no upfront payment premium paid or (received), therefore Market Value equals Unrealized Appreciation/(Depreciation).

(a) The following table represents the individual components and related notional value and weighting (as a percentage of the notional value of the swap) of the futures contracts underlying the total return swap with Barclays Bank plc, as of September 30, 2018:

Futures Contracts—Long	Notional Value		Component Weighting
Cotton No. 2	$	2,733,077		20.5	%
Sugar No. 11		2,666,417		20.0	%
Soybean Meal		2,586,423		19.4	%
Soybean		2,559,759		19.2	%
Corn No. 2 Yellow		666,604		5.0	%
Wheat		639,940		4.8	%
Coffee “C”		586,611		4.4	%
Soybean Oil		586,611		4.4	%
Live Cattle		239,977		1.8	%
Lean Hogs		66,660		0.5	%
	$	13,332,079		100.0	%

(b) The following table represents the individual components and related notional value and weighting (as a percentage of the notional value of the swap) of the futures contracts underlying the total return swap with Cargill, Inc., as of September 30, 2018:

Futures Contracts—Long	Notional Value		Component Weighting
Cotton No. 2	$	8,136,096		20.5	%
Sugar No. 11		7,937,654		20.0	%
Soybean Meal		7,699,524		19.4	%
Soybean		7,620,148		19.2	%
Corn No. 2 Yellow		1,984,413		5.0	%
Wheat		1,905,037		4.8	%
Coffee “C”		1,746,284		4.4	%
Soybean Oil		1,746,284		4.4	%
Live Cattle		714,389		1.8	%
Lean Hogs		198,441		0.5	%
	$	39,688,270		100.0	%

BHFTI-163

Brighthouse Funds Trust I

Invesco Balanced-Risk Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Swap Agreements—(Continued)

(c) The following table represents the individual components and related notional value and weighting (as a percentage of the notional value of the swap) of the futures contracts underlying the total return swap with Goldman Sachs International, as of September 30, 2018:

Futures Contracts—Long	Notional Value		Component Weighting
Cotton No. 2	$	8,369,459		20.5	%
Sugar No. 11		8,165,326		20.0	%
Soybean Meal		7,920,365		19.4	%
Soybean		7,838,712		19.2	%
Corn No. 2 Yellow		2,041,331		5.0	%
Wheat		1,959,678		4.8	%
Coffee “C”		1,796,371		4.4	%
Soybean Oil		1,796,371		4.4	%
Live Cattle		734,879		1.8	%
Lean Hogs		204,133		0.5	%
	$	40,826,625		100.0	%

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.
(MLI)—	Merrill Lynch International
(MSC)—	Morgan Stanley Capital Services LLC

Currencies

(AUD)—	Australian Dollar
(CAD)—	Canadian Dollar
(EUR)—	Euro
(GBP)—	British Pound
(HKD)—	Hong Kong Dollar
(JPY)—	Japanese Yen
(USD)—	United States Dollar

Index Abbreviations

(LIBOR)—	London Interbank Offered Rate
(USTBMM)—	U.S. Treasury Bill Money Market Yield

Other Abbreviations

(EMTN)— Euro Medium-Term Note

BHFTI-164

Brighthouse Funds Trust I

Invesco Balanced-Risk Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1			Level 2			Level 3		Total
Total U.S. Treasury & Government Agencies*	$	—		$	69,203,909		$	—	$	69,203,909
Total Municipals		—			35,200,000			—		35,200,000
Total Commodity-Linked Securities		—			28,685,364			—		28,685,364
Short-Term Investments
Certificate of Deposit		—			152,036,744			—		152,036,744
Commercial Paper		—			825,227,559			—		825,227,559
Mutual Funds		262,188,753			—			—		262,188,753
U.S. Treasury		—			139,227,404			—		139,227,404
Total Short-Term Investments		262,188,753			1,116,491,707			—		1,378,680,460
Total Investments	$	262,188,753		$	1,249,580,980		$	—	$	1,511,769,733
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	24,007,409		$	—		$	—	$	24,007,409
Futures Contracts (Unrealized Depreciation)		(17,358,384	)		—			—		(17,358,384	)
Total Futures Contracts	$	6,649,025		$	—		$	—	$	6,649,025
OTC Swap Contracts
OTC Swap Contracts at Value (Assets)	$	—		$	3,917,010		$	—	$	3,917,010
OTC Swap Contracts at Value (Liabilities)		—			(1,365,972	)		—		(1,365,972	)
Total OTC Swap Contracts	$	—		$	2,551,038		$	—	$	2,551,038

* See Consolidated Schedule of Investments for additional detailed categorizations.

BHFTI-165

Brighthouse Funds Trust I

Invesco Comstock Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—95.7% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—1.6%
Arconic, Inc.		724,221	$	15,940,104
Textron, Inc. (a)		347,528		24,837,826
				40,777,930
Automobiles—1.6%
General Motors Co. (a)		1,251,049		42,122,820
Banks—19.6%
Bank of America Corp.		4,042,275		119,085,421
Citigroup, Inc.		1,943,905		139,455,745
Citizens Financial Group, Inc.		800,129		30,860,976
Fifth Third Bancorp (a)		1,402,819		39,166,706
JPMorgan Chase & Co.		848,117		95,701,522
KeyCorp (a)		534,937		10,639,897
PNC Financial Services Group, Inc. (The)		276,369		37,638,694
Wells Fargo & Co.		728,230		38,275,769
				510,824,730
Biotechnology—1.9%
Biogen, Inc. (b)		65,739		23,226,246
Gilead Sciences, Inc.		246,506		19,032,729
Shire plc		125,470		7,569,903
				49,828,878
Building Products—1.6%
Johnson Controls International plc (a)		1,222,268		42,779,380
Capital Markets—5.2%
Bank of New York Mellon Corp. (The) (a)		681,940		34,772,120
Goldman Sachs Group, Inc. (The)		117,737		26,401,345
Morgan Stanley		976,851		45,491,951
State Street Corp.		327,437		27,432,672
				134,098,088
Chemicals—0.8%
CF Industries Holdings, Inc. (a)		402,658		21,920,701
Communications Equipment—2.6%
Cisco Systems, Inc.		1,397,989		68,012,165
Consumer Finance—0.8%
Ally Financial, Inc.		786,319		20,798,138
Containers & Packaging—1.2%
International Paper Co. (a)		621,544		30,548,888
Electrical Equipment—2.0%
Eaton Corp. plc		404,425		35,075,780
Emerson Electric Co.		214,425		16,420,667
				51,496,447
Energy Equipment & Services—0.8%
Halliburton Co.		516,662		20,940,311

Security Description	Shares		Value
Food Products—2.4%
Archer-Daniels-Midland Co.		445,432	$	22,391,867
Bunge, Ltd.		152,430		10,473,465
Danone S.A.		388,507		30,076,886
				62,942,218
Health Care Equipment & Supplies—1.0%
Medtronic plc		270,875		26,645,974
Health Care Providers & Services—4.2%
Anthem, Inc. (a)		171,669		47,045,890
Cardinal Health, Inc.		395,600		21,362,400
CVS Health Corp. (a)		262,907		20,696,039
McKesson Corp.		150,853		20,010,650
				109,114,979
Hotels, Restaurants & Leisure—1.8%
Carnival Corp.		737,006		46,998,873
Household Products—2.1%
Kimberly-Clark Corp. (a)		310,143		35,244,651
Reckitt Benckiser Group plc		214,228		19,570,648
				54,815,299
Industrial Conglomerates—0.4%
General Electric Co.		926,484		10,460,004
Insurance—3.5%
Aflac, Inc.		322,876		15,197,773
Allstate Corp. (The)		268,186		26,469,958
American International Group, Inc. (a)		949,878		50,571,505
				92,239,236
Internet & Direct Marketing Retail—1.2%
eBay, Inc. (b)		934,905		30,870,563
IT Services—0.9%
Cognizant Technology Solutions Corp. - Class A		287,686		22,194,975
Machinery—1.2%
Caterpillar, Inc.		93,905		14,319,573
Ingersoll-Rand plc		161,173		16,487,998
				30,807,571
Media—2.5%
CBS Corp. - Class B		378,516		21,745,744
Charter Communications, Inc. - Class A (a) (b)		64,232		20,931,924
Comcast Corp. - Class A		655,516		23,211,822
				65,889,490
Oil, Gas & Consumable Fuels—18.7%
Anadarko Petroleum Corp.		232,864		15,697,362
BP plc (ADR)		1,195,209		55,099,135
Canadian Natural Resources, Ltd. (a)		816,647		26,680,992
Chevron Corp.		409,152		50,031,106

BHFTI-166

Brighthouse Funds Trust I

Invesco Comstock Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Oil, Gas & Consumable Fuels—(Continued)
Devon Energy Corp.		1,105,406	$	44,149,916
Encana Corp.		653,036		8,561,302
Exxon Mobil Corp.		81,629		6,940,097
Hess Corp. (a)		621,020		44,452,612
Marathon Oil Corp. (a)		2,636,114		61,368,734
Noble Energy, Inc. (a)		691,970		21,582,544
Occidental Petroleum Corp.		322,727		26,518,478
Royal Dutch Shell plc - Class A (ADR)		909,536		61,975,783
Suncor Energy, Inc.		1,610,230		62,299,799
				485,357,860
Pharmaceuticals—8.5%
Allergan plc		232,246		44,238,218
Merck & Co., Inc.		447,082		31,715,997
Mylan NV (b)		717,320		26,253,912
Novartis AG		266,131		22,929,430
Pfizer, Inc.		1,344,923		59,270,757
Sanofi (ADR)		822,333		36,733,615
				221,141,929
Semiconductors & Semiconductor Equipment—3.4%
Intel Corp. (a)		897,883		42,460,887
QUALCOMM, Inc. (a)		654,071		47,112,734
				89,573,621
Software—1.5%
Microsoft Corp.		330,007		37,742,901
Specialty Retail—1.6%
Advance Auto Parts, Inc. (a)		194,314		32,708,876
Gap, Inc. (The) (a)		316,670		9,135,929
				41,844,805
Technology Hardware, Storage & Peripherals—0.5%
NetApp, Inc. (a)		137,215		11,785,396
Wireless Telecommunication Services—0.6%
Vodafone Group plc		7,268,368		15,583,151
Total Common Stocks (Cost $1,911,414,987)				2,490,157,321
Mutual Fund—0.4%
Investment Company Security—0.4%
Altaba, Inc. (b) (Cost $5,446,103)		163,997		11,171,476

Short-Term Investment—3.7%
Security Description	Principal Amount*		Value
Repurchase Agreement—3.7%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $96,779,280; collateralized by U.S. Treasury Note at 2.250%, maturing 11/15/24, with a market value of $98,706,666.		96,771,216	$	96,771,216
Total Short-Term Investments (Cost $96,771,216)				96,771,216
Securities Lending Reinvestments (c)—8.6%
Bank Note—0.4%
Bank of America N.A. 2.398%, 1M LIBOR + 0.250%, 11/13/18 (d)		10,000,000		10,000,000
Certificates of Deposit—3.9%
Banco Del Estado De Chile New York 2.419%, 3M LIBOR + 0.100%, 11/14/18 (d)		5,000,000		4,999,915
Banco Santander S.A. 2.340%, 11/07/18		1,500,000		1,500,123
Bank of Montreal Zero Coupon, 10/31/18		4,989,344		4,990,312
Bank of Montreal (Chicago) 2.371%, 3M LIBOR + 0.030%, 11/06/18 (d)		5,000,000		4,999,990
Barclays Bank plc 2.500%, 02/01/19		1,000,000		999,986
BNP Paribas S.A. New York 2.574%, 1M LIBOR + 0.470%, 12/04/18 (d)		5,000,000		5,002,935
Commonwealth Bank of Australia 2.358%, 1M LIBOR + 0.210%, 09/13/19 (d)		5,000,000		5,000,000
2.487%, 3M LIBOR + 0.140%, 04/23/19 (d)		1,500,000		1,500,537
Cooperative Rabobank UA 2.474%, 1M LIBOR + 0.370%, 10/01/18 (d)		4,000,000		4,000,048
2.479%, 3M LIBOR + 0.140%, 10/16/18 (d)		2,000,000		2,000,150
Credit Agricole S.A. 2.463%, 1M LIBOR + 0.330%, 10/09/18 (d)		4,000,000		4,000,160
Credit Industriel et Commercial Zero Coupon, 01/25/19		2,961,684		2,976,090
Industrial & Commercial Bank of China, Ltd. 2.500%, 10/24/18		2,000,000		2,000,026
2.500%, 11/15/18		4,000,000		3,999,904
KBC Bank NV 2.400%, 12/27/18		8,000,000		8,000,000
Landesbank Baden-Wuettertemberg 2.180%, 10/02/18		7,000,000		7,000,014
Mitsubishi UFJ Trust and Banking Corp. Zero Coupon, 01/15/19		4,962,437		4,963,471
Natixis S.A. New York 2.431%, 3M LIBOR + 0.090%, 05/10/19 (d)		2,000,000		1,999,842
2.533%, 3M LIBOR + 0.190%, 02/01/19 (d)		2,000,000		2,000,162
Royal Bank of Canada New York 2.378%, 1M LIBOR + 0.210%, 09/17/19 (d)		5,000,000		4,999,725
Sumitomo Mitsui Banking Corp., New York 2.290%, 1M LIBOR + 0.180%, 03/05/19 (d)		4,000,000		3,999,532
Sumitomo Mitsui Trust Bank, Ltd (NY) 2.423%, 3M LIBOR + 0.090%, 10/18/18 (d)		3,000,377		2,999,979

BHFTI-167

Brighthouse Funds Trust I

Invesco Comstock Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Sumitomo Mitsui Trust Bank, Ltd. 2.290%, 1M LIBOR + 0.170%, 12/06/18 (d)		1,000,000	$	1,000,052
Svenska Handelsbanken AB 2.439%, 3M LIBOR + 0.100%, 04/30/19 (d)		4,000,000		4,000,476
2.554%, 1M LIBOR + 0.450%, 04/03/19 (d)		4,000,000		4,005,900
Toronto-Dominion Bank 2.378%, 1M LIBOR + 0.210%, 09/17/19 (d)		5,000,000		5,000,000
Westpac Banking Corp. 2.630%, FEDEFF PRV + 0.450%, 02/15/19 (d)		3,000,000		3,001,593
				100,940,922
Commercial Paper—1.7%
Bank of China, Ltd. 2.510%, 11/02/18		3,974,621		3,991,200
2.550%, 10/19/18		1,987,675		1,997,432
2.550%, 12/20/18		3,974,500		3,976,988
ING Funding LLC 2.453%, 1M LIBOR + 0.320%, 02/08/19 (d)		15,000,000		15,007,665
Sheffield Receivables Co. 2.490%, 11/26/18		7,401,956		7,471,192
Sinopec Century Bright Capital Investment, Ltd. 2.400%, 11/01/18		994,000		997,834
UBS AG 2.534%, 1M LIBOR + 0.430%, 02/01/19 (d)		10,000,000		10,009,230
				43,451,541
Repurchase Agreements—2.6%
Citigroup Global Markets, Inc. Repurchase Agreement dated 07/25/18 at 2.570%, due on 11/02/18 with a maturity value of $1,007,139; collateralized by various Common Stock with an aggregate market value of $1,100,000.		1,000,000		1,000,000
Repurchase Agreement dated 01/25/17 at 2.720%, due on 12/31/18 with a maturity value of $2,317,187; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 2.220%, maturity dates ranging from 11/01/18 - 04/30/20, and an aggregate market value of $2,244,000.		2,200,000		2,200,000
Deutsche Bank AG, London Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $1,324,498; collateralized by various Common Stock with an aggregate market value of $1,447,319.		1,300,000		1,300,000
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $1,505,949; collateralized by various Common Stock with an aggregate market value of $1,666,869.		1,500,000		1,500,000
Macquarie Bank, Ltd., London Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $419,653; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 5.500%, maturity dates ranging from 08/31/19 - 05/15/48, and an aggregate market value of $427,641.		419,576		419,576

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 10/26/16 at 2.720%, due on 12/31/18 with a maturity value of $2,650,356; collateralized by various Common Stock with an aggregate market value of $2,750,000.		2,500,000	$	2,500,000
Repurchase Agreement dated 08/01/17 at 2.720%, due on 12/31/18 with a maturity value of $6,234,373; collateralized by various Common Stock with an aggregate market value of $6,600,001.		6,000,000		6,000,000
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $35,016,810; collateralized by various Common Stock with an aggregate market value of $38,507,499.		35,000,000		35,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $2,329,751; collateralized by various Common Stock with an aggregate market value of $2,559,107.		2,300,000		2,300,000
Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $2,549,563; collateralized by various Common Stock with an aggregate market value of $2,781,638.		2,500,000		2,500,000
Societe Generale Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $3,037,345; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $3,331,945.		3,000,000		3,000,000
Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $4,149,197; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $4,553,658.		4,100,000		4,100,000
Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $3,242,504; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $3,554,075.		3,200,000		3,200,000
Repurchase Agreement dated 03/16/18 at 2.310%, due on 10/01/18 with a maturity value of $3,949,800; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $4,331,529.		3,900,000		3,900,000
				68,919,576
Total Securities Lending Reinvestments (Cost $223,283,884)				223,312,039
Total Investments—108.4% (Cost $2,236,916,190)				2,821,412,052
Other assets and liabilities (net)—(8.4)%				(218,861,836	)
Net Assets—100.0%			$	2,602,550,216

BHFTI-168

Brighthouse Funds Trust I

Invesco Comstock Portfolio

Schedule of Investments as of September 30, 2018 (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, 2018, the market value of securities loaned was $217,274,305 and the collateral received consisted of cash in the amount of $223,166,170. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(b)	Non-income producing security.
(c)	Represents investment of cash collateral received from securities on loan as of September 30, 2018.
(d)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. 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)
CAD	121,837	GSI		10/26/18		USD	94,176	$	202
CHF	60,509	GSI		10/26/18		USD	63,080		(1,292	)
EUR	382,337	GSI		10/26/18		USD	451,221		(6,477	)
GBP	333,660	BBP		10/26/18		USD	437,478		(2,124	)
GBP	187,964	GSI		10/26/18		USD	247,037		(1,785	)
Contracts to Deliver
CAD	19,372,934	BBP		10/26/18		USD	14,988,392		(18,487	)
CAD	19,372,934	JPMC		10/26/18		USD	14,987,791		(19,087	)
CAD	19,370,593	RBC		10/26/18		USD	14,986,455		(18,610	)
CHF	5,440,428	GSI		10/26/18		USD	5,682,277		126,906
CHF	5,515,485	JPMC		10/26/18		USD	5,760,839		128,826
EUR	18,210,587	BBP		10/26/18		USD	21,515,089		332,048
EUR	18,210,587	GSI		10/26/18		USD	21,511,911		328,870
EUR	18,210,618	JPMC		10/26/18		USD	21,510,182		327,104
GBP	12,622,795	BBP		10/26/18		USD	16,591,780		121,752
GBP	12,621,862	GSI		10/26/18		USD	16,592,259		123,447
GBP	12,621,862	JPMC		10/26/18		USD	16,592,789		123,977
Net Unrealized Appreciation								$	1,545,270

Glossary of Abbreviations

Counterparties

(BBP)—	Barclays Bank plc
(GSI)—	Goldman Sachs International
(JPMC)—	JPMorgan Chase Bank N.A.
(RBC)—	Royal Bank of Canada

Currencies

(CAD)—	Canadian Dollar
(CHF)—	Swiss Franc
(EUR)—	Euro
(GBP)—	British Pound
(USD)—	U.S. Dollar

Index Abbreviations

(FEDEFF PRV)—	Effective Federal Funds Rate
(LIBOR)—	London Interbank Offered Rate

Other Abbreviations

(ADR)— American Depositary Receipt

BHFTI-169

Brighthouse Funds Trust I

Invesco Comstock Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2			Level 3		Total
Common Stocks
Aerospace & Defense	$	40,777,930	$	—		$	—	$	40,777,930
Automobiles		42,122,820		—			—		42,122,820
Banks		510,824,730		—			—		510,824,730
Biotechnology		42,258,975		7,569,903			—		49,828,878
Building Products		42,779,380		—			—		42,779,380
Capital Markets		134,098,088		—			—		134,098,088
Chemicals		21,920,701		—			—		21,920,701
Communications Equipment		68,012,165		—			—		68,012,165
Consumer Finance		20,798,138		—			—		20,798,138
Containers & Packaging		30,548,888		—			—		30,548,888
Electrical Equipment		51,496,447		—			—		51,496,447
Energy Equipment & Services		20,940,311		—			—		20,940,311
Food Products		32,865,332		30,076,886			—		62,942,218
Health Care Equipment & Supplies		26,645,974		—			—		26,645,974
Health Care Providers & Services		109,114,979		—			—		109,114,979
Hotels, Restaurants & Leisure		46,998,873		—			—		46,998,873
Household Products		35,244,651		19,570,648			—		54,815,299
Industrial Conglomerates		10,460,004		—			—		10,460,004
Insurance		92,239,236		—			—		92,239,236
Internet & Direct Marketing Retail		30,870,563		—			—		30,870,563
IT Services		22,194,975		—			—		22,194,975
Machinery		30,807,571		—			—		30,807,571
Media		65,889,490		—			—		65,889,490
Oil, Gas & Consumable Fuels		485,357,860		—			—		485,357,860
Pharmaceuticals		198,212,499		22,929,430			—		221,141,929
Semiconductors & Semiconductor Equipment		89,573,621		—			—		89,573,621
Software		37,742,901		—			—		37,742,901
Specialty Retail		41,844,805		—			—		41,844,805
Technology Hardware, Storage & Peripherals		11,785,396		—			—		11,785,396
Wireless Telecommunication Services		—		15,583,151			—		15,583,151
Total Common Stocks		2,394,427,303		95,730,018			—		2,490,157,321
Total Mutual Fund*		11,171,476		—			—		11,171,476
Total Short-Term Investment*		—		96,771,216			—		96,771,216
Total Securities Lending Reinvestments*		—		223,312,039			—		223,312,039
Total Investments	$	2,405,598,779	$	415,813,273		$	—	$	2,821,412,052
Collateral for Securities Loaned (Liability)	$	—	$	(223,166,170	)	$	—	$	(223,166,170	)

BHFTI-170

Brighthouse Funds Trust I

Invesco Comstock Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1		Level 2			Level 3		Total
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—	$	1,613,132		$	—	$	1,613,132
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—		(67,862	)		—		(67,862	)
Total Forward Contracts	$	—	$	1,545,270		$	—	$	1,545,270

* See Schedule of Investments for additional detailed categorizations.

BHFTI-171

Brighthouse Funds Trust I

Invesco Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—97.1% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—1.5%
BWX Technologies, Inc.		117,297	$	7,335,755
TransDigm Group, Inc. (a) (b)		27,501		10,238,622
				17,574,377
Auto Components—1.2%
Cooper-Standard Holdings, Inc. (b)		69,853		8,380,963
Visteon Corp. (a) (b)		62,084		5,767,604
				14,148,567
Banks—3.3%
BankUnited, Inc.		159,501		5,646,336
Cathay General Bancorp (a)		211,594		8,768,455
Cullen/Frost Bankers, Inc.		87,786		9,168,370
MB Financial, Inc.		172,212		7,940,695
Sterling Bancorp		283,122		6,228,684
				37,752,540
Beverages—0.7%
Boston Beer Co., Inc. (The) - Class A (b)		27,743		7,976,113
Biotechnology—7.5%
Adamas Pharmaceuticals, Inc. (a) (b)		341,383		6,834,488
Agios Pharmaceuticals, Inc. (a) (b)		129,718		10,003,852
Amicus Therapeutics, Inc. (a) (b)		715,571		8,651,253
Halozyme Therapeutics, Inc. (a) (b)		587,772		10,679,817
Neurocrine Biosciences, Inc. (a) (b)		142,737		17,549,514
Repligen Corp. (a) (b)		210,711		11,686,032
Sage Therapeutics, Inc. (b)		62,790		8,869,088
Sarepta Therapeutics, Inc. (a) (b)		81,268		13,125,595
				87,399,639
Building Products—0.6%
Masonite International Corp. (b)		102,692		6,582,557
Capital Markets—2.7%
Evercore, Inc. - Class A		115,523		11,615,838
LPL Financial Holdings, Inc.		136,484		8,804,583
MarketAxess Holdings, Inc. (a)		42,658		7,614,026
WisdomTree Investments, Inc.		359,638		3,049,730
				31,084,177
Chemicals—1.6%
Ingevity Corp. (b)		100,659		10,255,139
PolyOne Corp.		193,529		8,461,088
				18,716,227
Commercial Services & Supplies—1.7%
Brink’s Co. (The) (a)		128,839		8,986,520
Deluxe Corp.		108,311		6,167,229
MSA Safety, Inc.		43,941		4,677,080
				19,830,829
Construction Materials—0.7%
Martin Marietta Materials, Inc.		47,139		8,576,941
Containers & Packaging—0.7%
Berry Global Group, Inc. (b)		175,594		8,496,994
Distributors—1.0%
Pool Corp.		70,319		11,734,835
Diversified Consumer Services—0.7%
Adtalem Global Education, Inc. (b)		162,336		7,824,595
Diversified Telecommunication Services—0.8%
Cogent Communications Holdings, Inc.		165,163		9,216,095
Electronic Equipment, Instruments & Components—5.0%
Cognex Corp.		204,333		11,405,868
II-VI, Inc. (b)		174,290		8,243,917
Littelfuse, Inc.		48,409		9,579,657
National Instruments Corp.		172,535		8,338,617
Trimble, Inc. (b)		211,859		9,207,392
Zebra Technologies Corp. - Class A (b)		63,783		11,278,748
				58,054,199
Energy Equipment & Services—1.1%
Oil States International, Inc. (b)		235,802		7,828,626
Patterson-UTI Energy, Inc.		317,855		5,438,499
				13,267,125
Entertainment—1.4%
IMAX Corp. (b)		177,880		4,589,304
Take-Two Interactive Software, Inc. (b)		85,734		11,830,435
				16,419,739
Equity Real Estate Investment Trusts—0.5%
CubeSmart		199,533		5,692,677
Food Products—0.7%
Lancaster Colony Corp.		51,047		7,616,723
Health Care Equipment & Supplies—6.6%
Align Technology, Inc. (a) (b)		28,536		11,163,854
Avanos Medical, Inc. (b)		179,496		12,295,476
Cantel Medical Corp.		85,568		7,877,390
DexCom, Inc. (b)		88,239		12,621,707
Hill-Rom Holdings, Inc.		91,826		8,668,374
ICU Medical, Inc. (b)		37,266		10,536,962
Integra LifeSciences Holdings Corp. (a) (b)		144,697		9,531,191
Nevro Corp. (b)		73,933		4,214,181
				76,909,135
Health Care Providers & Services—5.1%
BioTelemetry, Inc. (b)		141,187		9,099,502
Chemed Corp.		34,955		11,170,919
Encompass Health Corp.		146,773		11,440,955
HealthEquity, Inc. (a) (b)		203,825		19,243,118
Select Medical Holdings Corp. (b)		410,572		7,554,525
				58,509,019

BHFTI-172

Brighthouse Funds Trust I

Invesco Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Health Care Technology—0.6%
Medidata Solutions, Inc. (a) (b)		95,884	$	7,029,256
Hotels, Restaurants & Leisure—4.7%
Dunkin’ Brands Group, Inc. (a)		128,950		9,506,194
Jack in the Box, Inc.		62,646		5,251,614
Penn National Gaming, Inc. (b)		383,021		12,609,051
Six Flags Entertainment Corp. (a)		124,423		8,687,214
Texas Roadhouse, Inc. (a)		156,591		10,850,191
Wendy’s Co. (The)		465,777		7,983,418
				54,887,682
Insurance—2.9%
American Equity Investment Life Holding Co.		256,497		9,069,734
American Financial Group, Inc.		77,401		8,589,189
Hanover Insurance Group, Inc. (The)		75,903		9,364,153
RLI Corp. (a)		85,533		6,721,183
				33,744,259
IT Services—1.7%
Booz Allen Hamilton Holding Corp.		219,527		10,895,125
EPAM Systems, Inc. (b)		66,600		9,170,820
				20,065,945
Leisure Products—0.7%
Brunswick Corp.		123,572		8,281,795
Life Sciences Tools & Services—2.2%
Bio-Techne Corp.		65,060		13,279,396
PerkinElmer, Inc. (a)		126,795		12,333,350
				25,612,746
Machinery—5.7%
Hillenbrand, Inc.		7,500		392,250
ITT, Inc. (a)		168,905		10,347,120
John Bean Technologies Corp. (a)		83,816		9,999,249
Kennametal, Inc. (a)		170,318		7,419,052
Lincoln Electric Holdings, Inc.		78,461		7,331,396
Oshkosh Corp.		107,590		7,664,711
Timken Co. (The)		149,088		7,432,037
WABCO Holdings, Inc. (b)		53,222		6,277,003
Wabtec Corp.		83,151		8,720,877
				65,583,695
Oil, Gas & Consumable Fuels—2.6%
Centennial Resource Development, Inc. - Class A (a) (b)		418,845		9,151,763
Laredo Petroleum, Inc. (b)		431,127		3,522,308
Parsley Energy, Inc. - Class A (b)		254,541		7,445,324
PBF Energy, Inc. - Class A (a)		189,942		9,480,005
				29,599,400
Pharmaceuticals—3.1%
Aerie Pharmaceuticals, Inc. (b)		146,448		9,013,874
Catalent, Inc. (b)		220,992		10,066,186
GW Pharmaceuticals plc (ADR) (a) (b)		56,581		9,773,802

Security Description	Shares		Value
Pharmaceuticals—(Continued)
Intersect ENT, Inc. (b)		255,683	$	7,350,886
				36,204,748
Professional Services—1.4%
CoStar Group, Inc. (b)		39,445		16,600,034
Road & Rail—2.2%
Knight-Swift Transportation Holdings, Inc. (a)		200,950		6,928,756
Landstar System, Inc.		73,989		9,026,658
Old Dominion Freight Line, Inc.		58,341		9,408,070
				25,363,484
Semiconductors & Semiconductor Equipment—4.6%
Integrated Device Technology, Inc. (b)		259,777		12,212,117
MKS Instruments, Inc.		75,332		6,037,860
Monolithic Power Systems, Inc.		60,875		7,641,639
Power Integrations, Inc.		88,346		5,583,467
Semtech Corp. (b)		207,560		11,540,336
Silicon Laboratories, Inc. (a) (b)		109,172		10,021,989
				53,037,408
Software—14.4%
2U, Inc. (b)		118,468		8,907,609
Apptio, Inc. - Class A (b)		236,965		8,758,226
Aspen Technology, Inc. (b)		164,316		18,717,236
Blackline, Inc. (b)		192,060		10,845,628
CommVault Systems, Inc. (b)		150,377		10,526,390
Fair Isaac Corp. (b)		76,367		17,453,678
Guidewire Software, Inc. (a) (b)		132,049		13,338,269
Pegasystems, Inc.		156,698		9,809,295
Proofpoint, Inc. (b)		81,072		8,620,386
Q2 Holdings, Inc. (b)		211,175		12,786,646
Qualys, Inc. (a) (b)		123,878		11,037,530
RealPage, Inc. (b)		206,998		13,641,168
SailPoint Technologies Holding, Inc. (b)		307,526		10,462,034
Ultimate Software Group, Inc. (The) (b)		36,687		11,820,185
				166,724,280
Specialty Retail—1.8%
Five Below, Inc. (a) (b)		106,868		13,899,252
Urban Outfitters, Inc. (a) (b)		169,366		6,927,069
				20,826,321
Textiles, Apparel & Luxury Goods—2.1%
Carter’s, Inc. (a)		66,194		6,526,728
G-III Apparel Group, Ltd. (a) (b)		164,518		7,928,122
Steven Madden, Ltd. (a)		181,035		9,576,752
				24,031,602
Trading Companies & Distributors—1.3%
Univar, Inc. (b)		245,720		7,533,775
Watsco, Inc. (a)		41,300		7,355,530
				14,889,305
Total Common Stocks (Cost $700,617,892)				1,125,865,063

BHFTI-173

Brighthouse Funds Trust I

Invesco Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Short-Term Investment—3.0%

Security Description	Principal Amount*		Value
Repurchase Agreement—3.0%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $34,386,272; collateralized by U.S. Treasury Note at 2.125%, maturing 03/31/24, with a market value of $35,075,826.		34,383,407	$	34,383,407
Total Short-Term Investments (Cost $34,383,407)				34,383,407
Securities Lending Reinvestments (c)—17.4%
Bank Note—0.4%
Bank of America N.A. 2.398%, 1M LIBOR + 0.250%, 11/13/18 (d)		4,000,000		4,000,000
Certificates of Deposit—4.8%
Banco Del Estado De Chile New York 2.419%, 3M LIBOR + 0.100%, 11/14/18 (d)		3,000,000		2,999,949
Bank of Montreal (Chicago) 2.371%, 3M LIBOR + 0.030%, 11/06/18 (d)		3,000,000		2,999,994
Bank of Nova Scotia 2.618%, 3M LIBOR + 0.280%, 03/20/19 (d)		1,500,000		1,501,431
Barclays Bank plc 2.500%, 02/01/19		1,000,000		999,986
Canadian Imperial Bank of Commerce 2.459%, 3M LIBOR + 0.120%, 01/14/19 (d)		1,000,000		1,000,297
Commonwealth Bank of Australia 2.358%, 1M LIBOR + 0.210%, 09/13/19 (d)		2,000,000		2,000,000
2.487%, 3M LIBOR + 0.140%, 04/23/19 (d)		500,000		500,179
Cooperative Rabobank UA 2.479%, 3M LIBOR + 0.140%, 10/16/18 (d)		1,500,000		1,500,112
Industrial & Commercial Bank of China, Ltd. 2.500%, 11/15/18		2,000,000		1,999,952
KBC Bank NV 2.400%, 12/27/18		4,000,000		4,000,000
Mitsubishi UFJ Trust and Banking Corp. Zero Coupon, 01/15/19		4,962,437		4,963,471
Natixis S.A. New York 2.431%, 3M LIBOR + 0.090%, 05/10/19 (d)		1,000,000		999,921
2.504%, 1M LIBOR + 0.370%, 02/14/19 (d)		4,000,000		4,002,676
Royal Bank of Canada New York 2.378%, 1M LIBOR + 0.210%, 09/17/19 (d)		7,000,000		6,999,615
2.381%, 1M LIBOR + 0.250%, 01/11/19 (d)		1,000,000		1,000,330
Standard Chartered plc 2.396%, 1M LIBOR + 0.180%, 02/25/19 (d)		2,000,000		1,999,766
Sumitomo Mitsui Banking Corp., New York 2.290%, 1M LIBOR + 0.180%, 03/05/19 (d)		3,000,000		2,999,649
Sumitomo Mitsui Trust Bank, Ltd. 2.502%, 1M LIBOR + 0.320%, 11/21/18 (d)		3,000,000		3,000,000
Svenska Handelsbanken AB 2.439%, 3M LIBOR + 0.100%, 04/30/19 (d)		1,000,000		1,000,119
Toronto-Dominion Bank 2.378%, 1M LIBOR + 0.210%, 09/17/19 (d)		7,000,000		7,000,000
Wells Fargo Bank N.A. 2.475%, 3M LIBOR + 0.140%, 10/26/18 (d)		1,000,000		1,000,166

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Westpac Banking Corp. 2.630%, FEDEFF PRV + 0.450%, 02/15/19 (d)		1,500,000	$	1,500,797
				55,968,410
Commercial Paper—1.4%
ING Funding LLC 2.453%, 1M LIBOR + 0.320%, 02/08/19 (d)		4,000,000		4,002,044
LMA S.A. & LMA Americas 2.470%, 11/13/18		1,975,986		1,994,218
Sheffield Receivables Co. 2.490%, 11/26/18		2,467,319		2,490,397
2.510%, SOFR + 0.350%, 11/28/18 (d)		500,000		500,137
Starbird Funding Corp. 2.280%, 11/08/18		1,988,600		1,994,892
UBS AG 2.534%, 1M LIBOR + 0.430%, 02/01/19 (d)		2,000,000		2,001,846
Westpac Banking Corp. 2.408%, 3M LIBOR + 0.070%, 08/07/19 (d)		1,000,000		1,000,000
2.492%, 1M LIBOR + 0.280%, 05/24/19 (d)		2,500,000		2,501,385
				16,484,919
Repurchase Agreements—8.7%
Citigroup Global Markets, Inc. Repurchase Agreement dated 05/03/18 at 2.440%, due on 10/05/18 with a maturity value of $505,253; collateralized by U.S. Treasury Obligations with rates ranging from 1.625% - 2.250%, maturity dates ranging from 11/30/19 - 11/15/27, and various Common Stock with an aggregate market value of $527,143.		500,000		500,000
Repurchase Agreement dated 01/25/17 at 2.720%, due on 12/31/18 with a maturity value of $210,653; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 2.220%, maturity dates ranging from 11/01/18 - 04/30/20, and an aggregate market value of $204,000		200,000		200,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $4,800,896; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.625% - 2.875%, maturity dates ranging from 01/15/19 - 02/15/43, and an aggregate market value of $4,896,001		4,800,000		4,800,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $3,100,579; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 1.750% - 2.875%, maturity dates ranging from 10/15/20 - 05/15/27, and an aggregate market value of $3,162,002.		3,100,000		3,100,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $4,400,821; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.375% - 3.125%, maturity dates ranging from 12/17/18 - 02/15/43, and an aggregate market value of $4,488,000.		4,400,000		4,400,000

BHFTI-174

Brighthouse Funds Trust I

Invesco Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Deutsche Bank AG, London Repurchase Agreement dated 09/28/18 at 2.250%, due on 10/01/18 with a maturity value of $2,000,375; collateralized by Foreign Obligations with rates ranging from 1.750% - 2.625%, maturity dates ranging from 04/01/19 - 07/27/26, and an aggregate market value of $2,040,006.		2,000,000	$	2,000,000
Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $2,037,689; collateralized by various Common Stock with an aggregate market value of $2,226,645.		2,000,000		2,000,000
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $2,911,502; collateralized by various Common Stock with an aggregate market value of $3,222,613.		2,900,000		2,900,000
Macquarie Bank, Ltd., London Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $4,109,062; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 5.500%, maturity dates ranging from 08/31/19 - 05/15/48, and an aggregate market value of $4,187,279.		4,108,308		4,108,308
Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 10/26/16 at 2.720%, due on 12/31/18 with a maturity value of $4,558,612; collateralized by various Common Stock with an aggregate market value of $4,730,001.		4,300,000		4,300,000
Repurchase Agreement dated 08/01/17 at 2.720%, due on 12/31/18 with a maturity value of $1,039,062; collateralized by various Common Stock with an aggregate market value of $1,100,000.		1,000,000		1,000,000
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $25,012,007; collateralized by various Common Stock with an aggregate market value of $27,505,357.		25,000,000		25,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $5,201,108; collateralized by various Common Stock with an aggregate market value of $5,674,541.		5,100,000		5,100,000
Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $4,760,795; collateralized by various Common Stock with an aggregate market value of $5,229,479.		4,700,000		4,700,000
Repurchase Agreement dated 07/18/18 at 2.370%, due on 10/05/18 with a maturity value of $1,005,201; collateralized by various Common Stock with an aggregate market value of $1,112,744.		1,000,000		1,000,000
Repurchase Agreement dated 07/19/18 at 2.370%, due on 10/05/18 with a maturity value of $1,507,703; collateralized by various Common Stock with an aggregate market value of $1,669,116.		1,500,000		1,500,000

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Societe Generale Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $6,991,649; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $7,663,474.		6,900,000	$	6,900,000
Repurchase Agreement dated 03/16/18 at 2.310%, due on 10/01/18 with a maturity value of $7,595,769; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $8,329,863.		7,500,000		7,500,000
Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $5,062,242; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $5,553,242.		5,000,000		5,000,000
Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $10,119,992; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $11,106,484.		10,000,000		10,000,000
Repurchase Agreement dated 04/18/18 at 2.340%, due on 10/05/18 with a maturity value of $1,011,050; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $1,110,648.		1,000,000		1,000,000
Repurchase Agreement dated 05/10/18 at 2.340%, due on 10/05/18 with a maturity value of $2,019,240; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,221,297.		2,000,000		2,000,000
Repurchase Agreement dated 07/10/18 at 2.340%, due on 10/05/18 with a maturity value of $1,910,745; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,110,232.		1,900,000		1,900,000
				100,908,308
Time Deposits—2.1%
Canadian Imperial Bank of Commerce 2.130%, 10/01/18		5,000,000		5,000,000
Cooperative Rabobank UA New York 2.150%, 10/01/18		5,000,000		5,000,000
DZ Bank AG 2.150%, 10/01/18		3,000,000		3,000,000
Erste Group Bank AG 2.170%, 10/01/18		5,000,000		5,000,000

BHFTI-175

Brighthouse Funds Trust I

Invesco Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Time Deposits—(Continued)
Nordea Bank New York 2.140%, 10/01/18		3,000,000	$	3,000,000
Svenska Handelsbanken AB 2.140%, 10/01/18		3,000,000		3,000,000
				24,000,000
Total Securities Lending Reinvestments (Cost $201,351,382)				201,361,637
Total Investments—117.5% (Cost $936,352,681)				1,361,610,107
Other assets and liabilities (net)—(17.5)%				(202,654,568	)
Net Assets—100.0%			$	1,158,955,539

*	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, 2018, the market value of securities loaned was $198,069,091 and the collateral received consisted of cash in the amount of $201,302,650. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.

(b)	Non-income producing security.
(c)	Represents investment of cash collateral received from securities on loan as of September 30, 2018.
(d)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. 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.
(ADR)—	American Depositary Receipt
(FEDEFF PRV)—	Effective Federal Funds Rate
(LIBOR)—	London Interbank Offered Rate
(SOFR)—	Secured Overnight Financing Rate

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2			Level 3		Total
Total Common Stocks*	$	1,125,865,063	$	—		$	—	$	1,125,865,063
Total Short-Term Investment*		—		34,383,407			—		34,383,407
Total Securities Lending Reinvestments*		—		201,361,637			—		201,361,637
Total Investments	$	1,125,865,063	$	235,745,044		$	—	$	1,361,610,107
Collateral for Securities Loaned (Liability)	$	—	$	(201,302,650	)	$	—	$	(201,302,650	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-176

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

U.S. Treasury & Government Agencies—57.7% of Net Assets

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—30.0%
Fannie Mae 10 Yr. Pool 4.500%, 07/01/21		199,611	$	202,076
Fannie Mae 20 Yr. Pool 4.000%, 02/01/31		1,329,523		1,352,958
6.000%, 07/01/28		274,694		296,693
Fannie Mae 30 Yr. Pool 3.500%, 07/01/42		1,211,581		1,202,011
3.500%, 08/01/42		738,828		727,615
4.000%, 06/01/47		1,877,618		1,907,387
4.500%, 02/01/40		452,487		471,325
5.000%, 09/01/35		997,762		1,058,839
6.000%, 12/01/39		318,090		350,632
Fannie Mae ARM Pool 2.561%, 1M LIBOR + 0.480%, 09/01/24 (a)		3,684,666		3,668,216
Fannie Mae Benchmark REMIC (CMO) 5.500%, 06/25/37		889,814		953,528
Fannie Mae Grantor Trust 2.898%, 06/25/27		3,935,626		3,729,990
Fannie Mae Interest Strip (CMO) 4.500%, 11/25/20 (b)		49,282		1,107
Fannie Mae Pool 2.330%, 11/01/22		17,810,000		17,205,030
2.360%, 05/01/23		8,757,342		8,450,279
2.420%, 05/01/23		5,457,952		5,280,472
2.450%, 11/01/22		3,000,000		2,911,945
2.450%, 09/01/28		5,031,246		4,610,296
2.480%, 10/01/28		9,036,855		8,252,336
2.520%, 05/01/23 (c)		25,000,000		24,218,449
2.540%, 05/01/23		4,972,543		4,826,242
2.600%, 09/01/28		1,010,000		934,092
2.640%, 04/01/23		1,832,005		1,780,094
2.640%, 05/01/23		2,189,863		2,126,921
2.690%, 10/01/23		2,000,000		1,939,271
2.700%, 05/01/23		5,000,000		4,861,487
2.720%, 03/01/23		2,992,435		2,918,606
2.730%, 07/01/28		3,000,000		2,781,456
2.740%, 06/01/23		2,784,944		2,714,992
2.810%, 09/01/31		1,546,415		1,420,936
2.890%, 05/01/27		1,923,217		1,831,734
2.920%, 12/01/24		1,000,000		974,252
2.970%, 06/01/30		2,750,000		2,543,331
2.980%, 09/01/36		1,540,103		1,449,010
3.000%, 01/01/43		3,870,078		3,734,030
3.050%, 04/01/22		3,221,341		3,195,258
3.110%, 12/01/24		1,500,000		1,477,048
3.180%, 06/01/30		3,374,419		3,233,935
3.235%, 10/01/26		1,398,876		1,375,822
3.240%, 12/01/26		1,500,000		1,472,314
3.260%, 12/01/26		971,155		956,140
3.290%, 08/01/26		2,000,000		1,972,581
3.320%, 03/01/29		2,500,698		2,452,172
3.340%, 02/01/27		1,500,000		1,482,089
3.380%, 12/01/23		1,976,625		1,976,543
3.430%, 10/01/23		11,431,632		11,451,187
3.440%, 11/01/21		3,763,188		3,783,927
3.450%, 01/01/24		974,941		977,676

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Fannie Mae Pool 3.490%, 09/01/23		3,826,122	$	3,842,754
3.500%, 08/01/26		272,239		273,113
3.500%, 02/01/33		4,356,228		4,356,889
3.500%, 05/01/33		4,222,765		4,223,373
3.500%, 12/01/42		5,047,200		4,981,036
3.500%, 03/01/43		6,228,372		6,146,720
3.500%, 05/01/43 (c)		19,845,708		19,585,596
3.500%, 06/01/43		4,995,954		4,930,454
3.500%, 07/01/43		2,985,475		2,946,335
3.500%, 08/01/43		6,860,987		6,771,022
3.530%, 08/01/28		7,376,000		7,332,140
3.550%, 02/01/30		1,500,000		1,478,895
3.560%, 03/01/24		7,018,450		7,075,018
3.563%, 01/01/21		8,300,111		8,379,763
3.570%, 07/01/26		4,000,000		3,991,554
3.570%, 07/01/28		5,010,570		4,999,276
3.630%, 10/01/29		1,416,712		1,410,489
3.660%, 09/25/28		4,700,000		4,707,332
3.670%, 07/01/23		2,500,000		2,535,208
3.730%, 07/01/22		4,880,697		4,942,028
3.740%, 07/01/30		2,918,000		2,937,712
3.760%, 10/01/23		1,418,550		1,439,929
3.760%, 11/01/23		1,087,528		1,104,336
3.770%, 12/01/20		2,172,472		2,199,823
3.800%, 07/01/30		4,013,000		4,062,246
3.817%, 05/01/22		7,607,332		7,723,320
3.970%, 07/01/21		4,485,129		4,562,645
3.970%, 08/01/33		5,254,424		5,357,393
3.990%, 02/01/28		1,698,661		1,742,351
4.000%, 10/01/32		1,488,693		1,520,455
4.000%, 12/01/40		402,375		407,485
4.000%, 07/01/42		2,413,863		2,447,390
4.260%, 12/01/19		2,582,409		2,617,228
4.330%, 04/01/20		3,631,845		3,695,980
Fannie Mae REMICS (CMO) Zero Coupon, 09/25/43 (d)		1,813,843		1,385,602
Zero Coupon, 10/25/43 (d)		926,398		695,042
Zero Coupon, 12/25/43 (d)		2,049,781		1,593,545
2.339%, 03/25/27 (a)		201,887		201,744
2.716%, 1M LIBOR + 0.500%, 05/25/35 (a)		1,538,610		1,540,001
2.716%, 1M LIBOR + 0.500%, 10/25/42 (a)		867,608		874,758
2.816%, 1M LIBOR + 0.600%, 10/25/43 (a)		2,179,821		2,209,770
2.816%, 1M LIBOR + 0.600%, 12/25/43 (a)		2,444,848		2,475,570
3.116%, 1M LIBOR + 0.900%, 03/25/38 (a)		282,885		288,968
3.216%, 1M LIBOR + 1.000%, 08/25/32 (a)		716,119		737,379
3.500%, 02/25/43		5,212,603		5,179,379
4.314%, -1 x 1M LIBOR + 6.530%, 01/25/41 (a) (b)		4,332,850		741,674
5.000%, 03/25/40		5,922,440		6,200,853
5.500%, 12/25/35		1,161,761		1,266,937
6.000%, 01/25/36		1,024,810		1,151,309
6.500%, 07/18/28		147,907		159,436
Fannie Mae-ACES (CMO) 2.207%, 01/25/22		10,000,000		9,739,730
2.280%, 12/27/22		9,067,824		8,764,938
2.488%, 05/25/26		1,600,000		1,489,265
2.568%, 12/25/26 (a)		4,800,000		4,447,053

BHFTI-177

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

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

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Fannie Mae-ACES (CMO) 2.614%, 10/25/21 (a)		1,789,628	$	1,764,490
2.723%, 10/25/24		2,000,000		1,932,092
3.061%, 05/25/27 (a)		3,090,000		2,971,032
3.103%, 07/25/24 (a)		1,394,000		1,374,215
3.144%, 03/25/28 (a)		2,098,000		2,006,095
3.182%, 06/25/27 (a)		3,216,000		3,103,188
3.193%, 02/25/30 (a)		1,504,000		1,416,866
3.301%, 04/25/29 (a)		2,736,000		2,605,622
3.346%, 03/25/24 (a)		2,500,000		2,497,205
3.498%, 07/25/28 (a)		3,757,000		3,690,209
3.501%, 01/25/24 (a)		2,500,000		2,522,433
3.639%, 08/25/30		4,500,000		4,463,010
Freddie Mac 20 Yr. Gold Pool 3.500%, 03/01/32		1,181,802		1,186,211
Freddie Mac 30 Yr. Gold Pool 4.000%, 08/01/42		3,719,488		3,786,028
4.000%, 05/01/43		465,518		470,309
4.000%, 06/01/43		565,677		575,175
4.000%, 08/01/43		5,817,799		5,935,057
5.000%, 08/01/39		794,989		842,086
Freddie Mac ARM Non-Gold Pool 4.015%, 12M LIBOR + 1.847%, 07/01/40 (a)		1,536,631		1,613,121
Freddie Mac Gold Pool 3.500%, 12/01/32		3,651,972		3,645,239
3.500%, 01/01/33		5,793,451		5,788,267
3.500%, 02/01/33		8,082,012		8,074,787
3.500%, 03/01/33		5,611,160		5,606,144
3.500%, 04/01/33		7,272,879		7,266,374
3.500%, 05/01/33		3,329,174		3,326,195
3.500%, 06/01/43		3,237,319		3,203,384
4.000%, 09/01/32		1,133,096		1,170,674
4.000%, 11/01/32		3,187,425		3,302,979
4.000%, 12/01/32		1,517,050		1,572,075
4.000%, 01/01/33		762,497		789,990
4.000%, 02/01/33		584,146		605,327
4.000%, 01/01/46		2,723,507		2,775,694
5.000%, 02/01/34		367,159		378,034
Freddie Mac Multifamily Structured Pass-Through Certificates (CMO) 2.522%, 01/25/23		2,085,000		2,029,576
2.615%, 01/25/23		7,275,000		7,091,242
2.838%, 09/25/22		1,849,000		1,818,681
3.117%, 06/25/27		2,487,000		2,409,643
3.243%, 04/25/27		1,996,000		1,952,997
3.303%, 11/25/27 (a)		1,755,000		1,718,711
3.326%, 05/25/27		1,072,000		1,048,214
3.336%, 04/25/28 (a)		1,790,000		1,732,078
3.389%, 03/25/24		5,714,000		5,741,712
3.490%, 01/25/24		4,000,000		4,039,270
3.850%, 05/25/28 (a)		7,385,000		7,451,771
Freddie Mac REMICS (CMO) 2.608%, 1M LIBOR + 0.450%, 08/15/42 (a)		4,721,187		4,785,862
2.838%, 1M LIBOR + 0.680%, 11/15/37 (a)		816,315		827,471
2.858%, 1M LIBOR + 0.700%, 03/15/24 (a)		366,423		369,411
3.000%, 02/15/26		1,565,338		1,558,697
3.500%, 08/15/39		2,236,068		2,244,187

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Freddie Mac REMICS (CMO) 3.500%, 06/15/48		4,778,004	$	4,775,340
3.508%, 1M LIBOR + 1.350%, 03/15/38 (a)		600,000		640,068
4.212%, -1 x 1M LIBOR + 6.370%, 10/15/37 (a) (b)		3,668,149		466,663
4.242%, -1 x 1M LIBOR + 6.400%, 11/15/36 (a) (b)		2,158,188		138,867
5.000%, 08/15/35		1,650,000		1,741,942
5.750%, 06/15/35		5,897,780		6,398,896
6.000%, 07/15/35		4,497,178		4,745,548
6.000%, 03/15/36		3,169,571		3,540,444
6.500%, 05/15/28		331,826		356,340
6.500%, 03/15/37		720,914		784,378
Freddie Mac Strips (CMO) Zero Coupon, 09/15/43 (d)		987,738		771,821
3.000%, 01/15/43		5,213,479		5,065,247
3.000%, 01/15/44		7,107,859		6,883,753
FREMF Mortgage Trust (CMO) 3.695%, 11/25/49 (144A) (a)		1,700,000		1,618,172
3.801%, 11/25/49 (144A) (a)		2,000,000		1,935,081
3.809%, 01/25/48 (144A) (a)		2,430,000		2,356,369
3.966%, 07/25/49 (144A) (a)		1,635,000		1,639,227
4.208%, 11/25/47 (144A) (a)		1,577,000		1,543,708
Ginnie Mae II ARM Pool 3.625%, 1Y CMT + 1.500%, 04/20/41 (a)		432,252		442,971
Ginnie Mae II Pool 4.347%, 06/20/63 (a)		7,391,839		7,513,472
4.429%, 05/20/63 (a)		11,656,317		11,850,722
4.463%, 05/20/63 (a)		8,274,464		8,400,674
4.468%, 04/20/63 (a)		3,860,702		3,929,114
Government National Mortgage Association (CMO) 1.650%, 02/20/63		10,846,542		10,665,556
1.650%, 04/20/63		7,039,352		6,885,474
2.380%, 1M LIBOR + 0.300%, 08/20/60 (a)		24,513		24,522
2.380%, 1M LIBOR + 0.300%, 11/20/62 (a)		82,429		82,348
2.420%, 1M LIBOR + 0.340%, 12/20/62 (a)		1,907,166		1,904,681
2.480%, 1M LIBOR + 0.400%, 02/20/62 (a)		885,084		884,367
2.490%, 1M LIBOR + 0.410%, 03/20/63 (a)		655,926		656,280
2.500%, 1M LIBOR + 0.420%, 02/20/63 (a)		1,337,616		1,339,605
2.530%, 1M LIBOR + 0.450%, 02/20/63 (a)		6,217,231		6,226,694
2.550%, 1M LIBOR + 0.470%, 03/20/63 (a)		3,171,767		3,177,744
2.550%, 1M LIBOR + 0.470%, 07/20/64 (a)		3,631,736		3,639,274
2.550%, 1M LIBOR + 0.470%, 09/20/64 (a)		1,552,651		1,557,650
2.560%, 1M LIBOR + 0.480%, 04/20/63 (a)		7,488,735		7,505,016
2.580%, 1M LIBOR + 0.500%, 01/20/63 (a)		412,435		412,672
2.580%, 1M LIBOR + 0.500%, 04/20/63 (a)		5,193,532		5,215,907
2.580%, 1M LIBOR + 0.500%, 06/20/64 (a)		4,722,605		4,745,710
2.580%, 1M LIBOR + 0.500%, 07/20/64 (a)		2,152,966		2,163,313
2.630%, 1M LIBOR + 0.550%, 04/20/62 (a)		280,400		280,564
2.665%, 1M LIBOR + 0.500%, 09/20/37 (a)		227,720		228,781
2.680%, 1M LIBOR + 0.600%, 04/20/64 (a)		11,444,925		11,530,459
2.680%, 1M LIBOR + 0.600%, 05/20/64 (a)		8,306,687		8,379,265
2.730%, 1M LIBOR + 0.650%, 07/20/63 (a)		5,021,045		5,047,039
2.730%, 1M LIBOR + 0.650%, 01/20/64 (a)		1,247,640		1,256,371
2.730%, 1M LIBOR + 0.650%, 02/20/64 (a)		4,481,198		4,512,447
2.730%, 1M LIBOR + 0.650%, 03/20/64 (a)		1,456,847		1,466,131
2.770%, 1M LIBOR + 0.690%, 02/20/64 (a)		1,692,096		1,712,533
2.780%, 1M LIBOR + 0.700%, 09/20/63 (a)		3,709,896		3,738,345

BHFTI-178

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

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

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Government National Mortgage Association (CMO) 2.830%, 1M LIBOR + 0.750%, 09/20/63 (a)		3,755,222	$	3,787,976
3.080%, 1M LIBOR + 1.000%, 12/20/66 (a)		1,530,805		1,568,288
4.481%, 04/20/43 (a)		1,875,376		1,894,567
4.500%, 01/16/25		1,068,733		1,110,946
4.745%, 11/20/42 (a)		7,433,665		7,722,016
5.000%, 12/20/33		1,296,291		1,379,487
5.000%, 09/20/38		1,637,137		1,650,649
5.000%, 06/16/39		444,607		467,271
5.000%, 07/20/39		2,539,250		2,696,184
5.000%, 10/20/39		2,704,721		2,924,513
5.187%, 06/20/40 (a)		3,160,185		3,367,760
5.500%, 02/20/33		1,970		1,970
5.500%, 07/16/33 (b)		961,473		184,758
				697,977,651
Federal Agencies—2.2%
Residual Funding Corp. Principal Strip Zero Coupon, 07/15/20		43,119,000		40,984,132
Tennessee Valley Authority 1.750%, 10/15/18		850,000		849,837
5.880%, 04/01/36		1,600,000		2,051,363
6.235%, 07/15/45		4,250,000		4,488,710
Tennessee Valley Authority Generic Strip Zero Coupon, 03/15/32		1,000,000		600,038
Tennessee Valley Authority Principal Strip Zero Coupon, 11/01/25		1,000,000		782,805
Zero Coupon, 06/15/35		750,000		392,348
				50,149,233
U.S. Treasury—25.5%
U.S. Treasury Bonds 2.500%, 02/15/45		7,850,000		6,872,736
2.750%, 08/15/42		3,300,000		3,055,594
2.750%, 11/15/42		1,250,000		1,156,299
2.875%, 05/15/43		25,065,000		23,690,341
2.875%, 08/15/45		7,700,000		7,247,023
3.000%, 02/15/48		470,000		452,118
3.125%, 11/15/41		3,480,000		3,444,792
3.125%, 02/15/43		7,700,000		7,604,953
3.125%, 05/15/48		2,763,000		2,724,901
3.500%, 02/15/39		1,450,000		1,527,371
3.625%, 08/15/43		6,400,000		6,864,250
3.625%, 02/15/44		19,325,000		20,747,954
3.750%, 11/15/43		23,581,000		25,811,984
3.875%, 08/15/40		4,230,000		4,695,961
4.250%, 05/15/39		200,000		233,164
4.250%, 11/15/40 (c)		2,383,000		2,787,831
4.375%, 02/15/38		11,420,000		13,476,046
4.375%, 11/15/39		25,650,000		30,427,312
4.375%, 05/15/40		4,200,000		4,989,141
4.375%, 05/15/41		1,200,000		1,430,203
4.500%, 02/15/36		3,746,000		4,444,863
4.500%, 05/15/38 (c)		1,000,000		1,199,805
4.500%, 08/15/39		6,000,000		7,226,719
5.250%, 02/15/29		3,500,000		4,178,809

Security Description	Principal Amount*		Value
U.S. Treasury—(Continued)
U.S. Treasury Bonds 5.500%, 08/15/28		15,000,000	$	18,109,570
6.000%, 02/15/26		12,525,000		14,992,816
U.S. Treasury Coupon Strips Zero Coupon, 02/15/21		2,050,000		1,915,790
Zero Coupon, 05/15/21 (c)		16,285,000		15,096,279
Zero Coupon, 08/15/21		3,095,000		2,848,566
Zero Coupon, 11/15/21 (c)		14,940,000		13,651,160
Zero Coupon, 02/15/22		3,975,000		3,600,654
Zero Coupon, 05/15/22		14,560,000		13,084,361
Zero Coupon, 08/15/22 (c)		6,000,000		5,351,089
Zero Coupon, 11/15/22 (c)		6,250,000		5,531,453
Zero Coupon, 02/15/23 (c)		18,035,000		15,835,840
Zero Coupon, 05/15/23		52,445,000		45,686,035
Zero Coupon, 08/15/23		7,720,000		6,678,728
Zero Coupon, 11/15/23 (c)		2,300,000		1,973,253
Zero Coupon, 02/15/24		4,900,000		4,174,869
Zero Coupon, 08/15/24		2,500,000		2,095,847
Zero Coupon, 11/15/24		1,500,000		1,248,013
Zero Coupon, 02/15/25		2,000,000		1,649,452
Zero Coupon, 05/15/25		5,500,000		4,495,500
Zero Coupon, 08/15/25		648,000		525,526
Zero Coupon, 11/15/26		366,129		285,194
Zero Coupon, 08/15/27		400,000		303,464
Zero Coupon, 11/15/27		570,000		429,271
Zero Coupon, 05/15/28		3,030,000		2,241,705
Zero Coupon, 08/15/28 (c)		1,750,000		1,284,790
Zero Coupon, 05/15/29		1,000,000		715,817
Zero Coupon, 08/15/29		800,000		568,584
Zero Coupon, 11/15/29		1,000,000		704,215
Zero Coupon, 02/15/30		8,300,000		5,799,431
Zero Coupon, 05/15/30		700,000		485,772
Zero Coupon, 08/15/30		3,925,000		2,697,243
Zero Coupon, 11/15/30		5,425,000		3,697,087
Zero Coupon, 02/15/31 (c)		1,775,000		1,200,505
Zero Coupon, 05/15/31		10,500,000		7,040,281
Zero Coupon, 08/15/31		7,800,000		5,183,267
Zero Coupon, 11/15/31		3,000,000		1,977,614
Zero Coupon, 02/15/32 (c)		12,900,000		8,428,460
Zero Coupon, 05/15/32		12,800,000		8,299,915
Zero Coupon, 08/15/32		6,900,000		4,439,962
Zero Coupon, 08/15/33		400,000		248,588
Zero Coupon, 11/15/33 (c)		13,000,000		8,011,337
Zero Coupon, 02/15/34		4,400,000		2,687,479
Zero Coupon, 05/15/34		19,000,000		11,509,060
Zero Coupon, 08/15/34		5,000,000		3,005,385
Zero Coupon, 05/15/35		4,000,000		2,346,076
U.S. Treasury Inflation Indexed Bond 1.750%, 01/15/28 (e)		601,455		643,988
U.S. Treasury Inflation Indexed Notes 0.125%, 01/15/22 (e)		1,670,130		1,629,066
U.S. Treasury Notes 1.375%, 06/30/23		2,500,000		2,327,344
1.625%, 02/15/26		782,300		710,059
1.750%, 02/28/22		100,000		96,266
1.750%, 01/31/23		7,100,000		6,758,035

BHFTI-179

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

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

Security Description	Principal Amount*		Value
U.S. Treasury—(Continued)
U.S. Treasury Notes 1.750%, 05/15/23		2,500,000	$	2,371,484
2.000%, 06/30/24		2,308,000		2,189,354
2.000%, 02/15/25		8,000,000		7,535,000
2.000%, 08/15/25		11,000,000		10,309,492
2.000%, 11/15/26		910,000		842,141
2.125%, 08/15/21		21,000,000		20,564,414
2.125%, 02/29/24		663,000		635,185
2.125%, 03/31/24		5,000,000		4,786,719
2.125%, 05/15/25		22,000,000		20,836,406
2.250%, 11/15/25		16,130,000		15,333,581
2.500%, 08/15/23		2,300,000		2,253,461
2.750%, 05/31/23		7,554,000		7,492,624
2.750%, 02/15/24		2,300,000		2,275,832
2.875%, 04/30/25		450,000		446,537
2.875%, 05/31/25 (c)		4,920,000		4,880,217
2.875%, 05/15/28		7,681,100		7,566,184
3.125%, 05/15/21		15,000,000		15,096,680
U.S. Treasury Principal Strips Zero Coupon, 11/15/41		13,900,000		6,678,844
				592,684,386
Total U.S. Treasury & Government Agencies (Cost $1,398,356,555)				1,340,811,270
Corporate Bonds & Notes—25.0%
Aerospace/Defense—0.3%
Airbus Finance B.V. 2.700%, 04/17/23 (144A)		249,000		240,796
Airbus SE 3.150%, 04/10/27 (144A)		409,000		389,952
3.950%, 04/10/47 (144A)		150,000		145,319
BAE Systems plc 4.750%, 10/11/21 (144A)		1,000,000		1,032,207
Carlyle Global Market Strategies CLO, Ltd. 1.000%, 07/15/19 (f) (g) (k)		89,084		88,639
Harris Corp. 3.832%, 04/27/25		600,000		588,443
Lockheed Martin Corp. 3.100%, 01/15/23		193,000		190,908
4.500%, 05/15/36		450,000		468,461
Northrop Grumman Corp. 3.200%, 02/01/27		179,000		168,725
3.850%, 04/15/45		182,000		165,110
Northrop Grumman Systems Corp. 7.750%, 02/15/31		350,000		462,077
Rockwell Collins, Inc. 3.200%, 03/15/24		251,000		242,203
4.350%, 04/15/47		133,000		126,713
United Technologies Corp. 3.950%, 08/16/25		215,000		213,636
4.450%, 11/16/38		240,000		238,028
7.500%, 09/15/29		1,568,000		1,985,954
				6,747,171

Security Description	Principal Amount*		Value
Agriculture—0.0%
BAT Capital Corp. 4.390%, 08/15/37 (144A)		68,000	$	63,189
Cargill, Inc. 3.250%, 03/01/23 (144A)		165,000		162,731
Reynolds American, Inc. 7.000%, 08/04/41		570,000		675,963
				901,883
Airlines—0.5%
Air Canada Pass-Through Trust 3.300%, 01/15/30 (144A)		512,000		487,604
3.550%, 01/15/30 (144A)		726,000		692,721
4.125%, 05/15/25 (144A)		933,026		933,026
American Airlines Pass-Through Trust 3.000%, 10/15/28		1,716,049		1,599,406
3.650%, 06/15/28		144,754		139,507
3.650%, 02/15/29		410,145		399,540
3.700%, 10/01/26		201,002		196,157
4.950%, 01/15/23		860,321		881,519
British Airways Pass-Through Trust 3.800%, 09/20/31 (144A)		660,861		660,861
4.125%, 09/20/31 (144A)		881,933		871,112
Spirit Airlines Pass-Through Trust 3.375%, 02/15/30		300,247		286,978
United Airlines Pass-Through Trust 3.450%, 07/07/28 (c)		439,518		420,936
3.500%, 03/01/30		1,298,000		1,251,410
3.650%, 01/07/26		235,465		226,191
3.700%, 03/01/30		665,000		642,220
4.000%, 04/11/26		666,325		673,282
4.300%, 08/15/25		669,274		681,908
4.600%, 03/01/26		340,000		339,339
				11,383,717
Auto Manufacturers—0.6%
American Honda Finance Corp. 2.300%, 09/09/26		236,000		212,745
2.900%, 02/16/24		450,000		434,843
BMW U.S. Capital LLC 2.250%, 09/15/23 (144A)		540,000		504,747
Daimler Finance North America LLC 2.300%, 01/06/20 (144A)		1,600,000		1,584,684
2.875%, 03/10/21 (144A)		500,000		492,629
Ford Motor Co. 7.450%, 07/16/31		577,000		642,701
Ford Motor Credit Co. LLC 2.021%, 05/03/19		678,000		673,941
3.336%, 03/18/21		950,000		936,507
3.339%, 03/28/22		1,000,000		966,355
3.810%, 01/09/24		655,000		624,338
3.815%, 11/02/27 (c)		500,000		447,038
General Motors Co. 6.600%, 04/01/36		1,104,000		1,175,947
General Motors Financial Co., Inc. 3.450%, 04/10/22		332,000		326,730

BHFTI-180

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Auto Manufacturers—(Continued)
General Motors Financial Co., Inc. 3.500%, 11/07/24		695,000	$	654,519
3.700%, 05/09/23		683,000		667,932
3.950%, 04/13/24		1,200,000		1,168,389
4.300%, 07/13/25		1,360,000		1,323,576
4.350%, 04/09/25		690,000		677,563
4.350%, 01/17/27		437,000		417,325
Hyundai Capital America 2.400%, 10/30/18 (144A)		239,000		238,986
				14,171,495
Banks—6.7%
ABN AMRO Bank NV 2.500%, 10/30/18 (144A)		1,160,000		1,159,966
4.750%, 07/28/25 (144A)		500,000		501,246
ANZ New Zealand International, Ltd. 2.600%, 09/23/19 (144A)		1,800,000		1,793,795
2.850%, 08/06/20 (144A) (c)		250,000		247,403
Australia & New Zealand Banking Group, Ltd. 4.400%, 05/19/26 (144A) (c)		200,000		196,242
Banco Santander S.A. 4.379%, 04/12/28		600,000		567,219
Bank of America Corp. 2.250%, 04/21/20		312,000		307,838
2.503%, 10/21/22		120,000		114,885
2.600%, 01/15/19		177,000		176,973
2.625%, 10/19/20		485,000		479,121
2.650%, 04/01/19		660,000		660,055
2.881%, 3M LIBOR + 1.021%, 04/24/23 (a)		210,000		204,166
3.004%, 3M LIBOR + 0.790%, 12/20/23 (a)		2,141,000		2,077,210
3.124%, 3M LIBOR + 1.160%, 01/20/23 (a)		2,043,000		2,006,034
3.300%, 01/11/23		3,075,000		3,028,786
3.366%, 3M LIBOR + 0.810%, 01/23/26 (a)		600,000		576,770
3.550%, 3M LIBOR + 0.780%, 03/05/24 (a)		1,780,000		1,759,132
3.705%, 3M LIBOR + 1.512%, 04/24/28 (a)		2,500,000		2,405,082
3.970%, 3M LIBOR + 1.070%, 03/05/29 (a)		1,400,000		1,365,705
4.000%, 01/22/25		1,071,000		1,056,469
4.250%, 10/22/26		520,000		513,799
Bank of Montreal 2.350%, 09/11/22 (c)		500,000		479,452
2.375%, 01/25/19		575,000		574,582
Bank of New York Mellon Corp. (The) 2.200%, 05/15/19		354,000		353,071
3.250%, 09/11/24		1,200,000		1,173,635
4.150%, 02/01/21		670,000		683,532
5.450%, 05/15/19		278,000		282,665
Bank of Nova Scotia (The) 1.850%, 04/14/20 (c)		700,000		687,156
1.875%, 09/20/21 (144A)		300,000		288,002
2.800%, 07/21/21		500,000		492,709
Bank of Tokyo-Mitsubishi UFJ, Ltd. (The) 4.100%, 09/09/23 (144A)		1,114,000		1,125,728
Barclays plc 3.650%, 03/16/25 (c)		254,000		238,526
3.684%, 01/10/23		386,000		375,825

Security Description	Principal Amount*		Value
Banks—(Continued)
Barclays plc 4.375%, 01/12/26		2,499,000	$	2,424,120
4.836%, 05/09/28		275,000		258,479
5.200%, 05/12/26		250,000		245,640
BB&T Corp. 2.450%, 01/15/20		833,000		826,686
6.850%, 04/30/19		525,000		537,413
BNP Paribas S.A. 3.500%, 03/01/23 (144A)		400,000		390,087
BNZ International Funding, Ltd. 2.650%, 11/03/22 (144A)		842,000		802,871
2.900%, 02/21/22 (144A)		300,000		291,136
BPCE S.A. 3.375%, 12/02/26		700,000		654,145
4.625%, 07/11/24 (144A)		400,000		396,020
Canadian Imperial Bank of Commerce 1.600%, 09/06/19		850,000		840,359
2.100%, 10/05/20		200,000		195,355
Capital One Financial Corp. 2.450%, 04/24/19		176,000		175,730
3.200%, 02/05/25		236,000		221,981
3.750%, 04/24/24		671,000		658,972
3.750%, 07/28/26		860,000		802,080
4.200%, 10/29/25		200,000		195,334
Capital One N.A. 2.400%, 09/05/19		300,000		298,381
Citigroup, Inc. 2.350%, 08/02/21		192,000		186,027
2.400%, 02/18/20		450,000		445,599
2.750%, 04/25/22		1,900,000		1,845,439
2.900%, 12/08/21		600,000		587,356
3.142%, 3M LIBOR + 1.722%, 01/24/23 (a)		667,000		654,181
3.200%, 10/21/26		485,000		452,732
3.400%, 05/01/26		825,000		782,750
3.668%, 3M LIBOR + 1.390%, 07/24/28 (a)		700,000		666,649
3.700%, 01/12/26		250,000		242,459
3.875%, 03/26/25		1,300,000		1,263,591
3.878%, 3M LIBOR + 1.170%, 01/24/39 (a)		150,000		138,036
4.125%, 07/25/28		117,000		112,966
4.300%, 11/20/26		750,000		738,972
4.400%, 06/10/25		566,000		564,757
4.750%, 05/18/46		800,000		781,835
5.500%, 09/13/25		692,000		736,875
Citizens Bank N.A. 3.700%, 03/29/23		785,000		779,335
Citizens Financial Group, Inc. 2.375%, 07/28/21		110,000		106,117
4.300%, 12/03/25		193,000		190,212
Commonwealth Bank of Australia 2.000%, 09/06/21 (144A)		500,000		478,853
3.450%, 03/16/23 (144A)		720,000		712,937
3.900%, 03/16/28 (144A) (c)		720,000		713,160
4.500%, 12/09/25 (144A)		352,000		348,646
Cooperative Rabobank UA 3.875%, 09/26/23 (144A)		675,000		672,916
4.375%, 08/04/25		941,000		931,439

BHFTI-181

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
Cooperative Rabobank UA 4.625%, 12/01/23		872,000	$	885,084
Credit Agricole S.A. 3.750%, 04/24/23 (144A)		250,000		245,191
4.125%, 01/10/27 (144A)		677,000		654,725
4.375%, 03/17/25 (144A)		295,000		288,508
Credit Suisse AG 2.300%, 05/28/19		250,000		249,281
3.625%, 09/09/24		250,000		246,316
5.300%, 08/13/19		300,000		306,017
Credit Suisse Group AG 3.574%, 01/09/23 (144A)		250,000		244,950
4.282%, 01/09/28 (144A)		1,433,000		1,392,928
Credit Suisse Group Funding Guernsey, Ltd. 3.750%, 03/26/25		970,000		935,170
Danske Bank A/S 2.000%, 09/08/21 (144A)		366,000		347,032
2.700%, 03/02/22 (144A)		372,000		356,530
Deutsche Bank AG 3.700%, 05/30/24		667,000		627,847
4.250%, 10/14/21		900,000		895,861
4.296%, 5Y USD Swap + 2.248%, 05/24/28 (a)		400,000		368,703
Discover Bank 4.200%, 08/08/23		400,000		401,304
4.250%, 03/13/26		1,229,000		1,209,838
Fifth Third Bancorp 3.950%, 03/14/28		400,000		392,452
8.250%, 03/01/38		500,000		681,148
Fifth Third Bank 2.375%, 04/25/19		650,000		648,877
Goldman Sachs Group, Inc. (The) 2.350%, 11/15/21		1,473,000		1,418,050
2.876%, 3M LIBOR + 0.821%, 10/31/22 (a)		2,050,000		2,000,099
3.000%, 04/26/22		1,000,000		979,899
3.272%, 3M LIBOR + 1.201%, 09/29/25 (a)		1,209,000		1,154,767
3.500%, 01/23/25		392,000		379,552
3.500%, 11/16/26		1,300,000		1,233,051
3.691%, 3M LIBOR + 1.510%, 06/05/28 (a) (c)		1,674,000		1,592,436
3.750%, 05/22/25		1,859,000		1,821,068
3.850%, 01/26/27		2,090,000		2,026,571
4.223%, 3M LIBOR + 1.301%, 05/01/29 (a)		2,000,000		1,969,857
5.375%, 03/15/20		3,126,000		3,222,541
HSBC Bank plc 4.750%, 01/19/21 (144A)		1,600,000		1,645,459
HSBC Holdings plc 2.650%, 01/05/22		2,940,000		2,852,677
3.033%, 3M LIBOR + 0.923%, 11/22/23 (a)		473,000		456,732
3.900%, 05/25/26		200,000		193,853
4.250%, 03/14/24		500,000		496,861
4.250%, 08/18/25		300,000		294,173
4.375%, 11/23/26		1,006,000		988,250
Huntington Bancshares, Inc. 2.300%, 01/14/22		813,000		778,544
Industrial & Commercial Bank of China, Ltd. 2.452%, 10/20/21		750,000		719,070

Security Description	Principal Amount*		Value
Banks—(Continued)
ING Bank NV 1.650%, 08/15/19 (144A)		300,000	$	296,714
2.000%, 11/26/18 (144A)		284,000		283,765
ING Groep NV 3.950%, 03/29/27		217,000		208,174
4.100%, 10/02/23		1,770,000		1,768,539
Intesa Sanpaolo S.p.A. 3.875%, 07/14/27 (144A)		562,000		479,374
KeyCorp 5.100%, 03/24/21 (c)		896,000		932,469
Lloyds Banking Group plc 2.907%, 3M LIBOR + 0.810%, 11/07/23 (a)		300,000		286,157
4.375%, 03/22/28		633,000		617,116
4.450%, 05/08/25		540,000		540,433
4.582%, 12/10/25		400,000		392,562
Macquarie Bank, Ltd. 2.600%, 06/24/19 (144A)		979,000		976,576
2.850%, 07/29/20 (144A) (c)		250,000		247,223
4.000%, 07/29/25 (144A)		250,000		248,148
Macquarie Group, Ltd. 3.763%, 3M LIBOR + 1.372%, 11/28/28 (144A) (a)		1,015,000		942,064
6.000%, 01/14/20 (144A) (c)		2,072,000		2,140,899
Mitsubishi UFJ Financial Group, Inc. 2.527%, 09/13/23		250,000		234,962
Mitsubishi UFJ Trust & Banking Corp. 2.450%, 10/16/19 (144A)		800,000		795,739
Mizuho Bank, Ltd. 3.600%, 09/25/24 (144A)		950,000		931,382
Morgan Stanley 2.750%, 05/19/22		250,000		242,485
3.125%, 01/23/23		500,000		487,012
3.591%, 3M LIBOR + 1.340%, 07/22/28 (a)		1,067,000		1,011,799
3.625%, 01/20/27		700,000		671,771
3.700%, 10/23/24		500,000		492,143
3.772%, 3M LIBOR + 1.140%, 01/24/29 (a) (c)		735,000		705,116
3.875%, 04/29/24		700,000		696,610
5.000%, 11/24/25		1,269,000		1,313,701
5.500%, 01/26/20		1,430,000		1,472,699
5.500%, 07/28/21		807,000		849,416
5.625%, 09/23/19		3,030,000		3,111,916
5.750%, 01/25/21		2,500,000		2,626,771
MUFG Union Bank N.A. 2.250%, 05/06/19		400,000		398,898
National Australia Bank, Ltd. 2.400%, 12/09/19 (144A)		400,000		397,022
Nordea Bank AB 4.875%, 01/27/20 (144A)		900,000		919,631
Northern Trust Corp. 3.375%, 08/23/21		300,000		301,078
3.375%, 3M LIBOR + 1.131%, 05/08/32 (a)		251,000		233,856
PNC Financial Services Group, Inc. (The) 4.375%, 08/11/20		650,000		663,477
5.125%, 02/08/20		800,000		820,515
6.700%, 06/10/19		650,000		667,151
Regions Financial Corp. 3.200%, 02/08/21		268,000		266,743

BHFTI-182

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
Royal Bank of Canada 1.875%, 02/05/20		2,000,000	$	1,969,144
2.000%, 10/01/18 (c)		1,819,000		1,819,000
2.000%, 12/10/18		69,000		68,937
4.650%, 01/27/26		495,000		506,098
Royal Bank of Scotland Group plc 4.519%, 3M LIBOR + 1.550%, 06/25/24 (a)		205,000		204,388
4.892%, 3M LIBOR + 1.754%, 05/18/29 (a)		290,000		288,012
Santander UK Group Holdings plc 4.750%, 09/15/25 (144A)		1,200,000		1,169,660
Societe Generale S.A. 4.250%, 09/14/23 (144A)		700,000		697,490
4.250%, 04/14/25 (144A)		500,000		482,093
Stadshypotek AB 1.875%, 10/02/19 (144A)		1,500,000		1,483,614
Standard Chartered plc 4.247%, 3M LIBOR + 1.150%, 01/20/23 (144A) (a)		1,200,000		1,198,778
4.866%, 3M LIBOR + 1.970%, 03/15/33 (144A) (a)		300,000		292,032
5.200%, 01/26/24 (144A)		1,000,000		1,017,489
State Street Corp. 3.100%, 05/15/23		407,000		398,322
3.700%, 11/20/23		1,608,000		1,617,875
Sumitomo Mitsui Financial Group, Inc. 2.442%, 10/19/21		318,000		307,697
2.778%, 10/18/22		411,000		395,153
2.784%, 07/12/22 (c)		800,000		774,250
2.846%, 01/11/22		900,000		877,880
3.010%, 10/19/26		212,000		195,667
3.102%, 01/17/23		482,000		468,949
Sumitomo Mitsui Trust Bank, Ltd. 2.050%, 10/18/19 (144A)		1,000,000		988,933
SunTrust Banks, Inc. 2.750%, 05/01/23		2,000,000		1,926,369
Toronto-Dominion Bank (The) 2.250%, 11/05/19		255,000		253,225
2.500%, 12/14/20		500,000		492,600
3.625%, 5Y USD Swap + 2.205%, 09/15/31 (a)		433,000		406,639
U.S. Bancorp 2.375%, 07/22/26		1,570,000		1,421,322
3.150%, 04/27/27		500,000		477,033
U.S. Bank N.A. 2.125%, 10/28/19		350,000		347,266
UBS AG 2.450%, 12/01/20 (144A)		200,000		195,852
UBS Group Funding Switzerland AG 2.859%, 3M LIBOR + 0.954%, 08/15/23 (144A) (a)		276,000		264,775
3.491%, 05/23/23 (144A)		762,000		746,434
4.125%, 09/24/25 (144A)		300,000		297,986
Wells Fargo & Co. 2.500%, 03/04/21 (c)		179,000		175,279
3.069%, 01/24/23		3,470,000		3,385,860
3.300%, 09/09/24 (c)		770,000		746,218
3.500%, 03/08/22 (c)		1,900,000		1,896,894
4.100%, 06/03/26		1,291,000		1,274,075
4.650%, 11/04/44		595,000		582,573
5.375%, 11/02/43		1,005,000		1,078,038

Security Description	Principal Amount*		Value
Banks—(Continued)
Westpac Banking Corp. 2.850%, 05/13/26		449,000	$	415,278
3.400%, 01/25/28		51,000		48,609
4.322%, 5Y USD ICE Swap + 2.236%, 11/23/31 (a)		1,050,000		1,011,208
				156,239,779
Beverages—0.6%
Anheuser-Busch InBev Finance, Inc. 3.300%, 02/01/23		3,722,000		3,674,504
3.650%, 02/01/26		1,720,000		1,669,002
4.700%, 02/01/36		1,500,000		1,500,221
Anheuser-Busch InBev Worldwide, Inc. 4.375%, 04/15/38		1,300,000		1,249,431
4.600%, 04/15/48 (c)		340,000		328,814
4.750%, 04/15/58		775,000		750,866
Beam Suntory, Inc. 3.250%, 05/15/22		760,000		744,883
Coca-Cola Femsa S.A.B. de C.V. 3.875%, 11/26/23		350,000		349,996
Heineken NV 3.400%, 04/01/22 (144A)		1,339,000		1,334,903
Keurig Dr Pepper, Inc. 3.130%, 12/15/23		515,000		490,761
3.430%, 06/15/27		175,000		161,678
Maple Escrow Subsidiary, Inc. 4.417%, 05/25/25 (144A)		268,000		269,053
4.985%, 05/25/38 (144A)		387,000		391,042
				12,915,154
Biotechnology—0.2%
Amgen, Inc. 4.563%, 06/15/48 (c)		500,000		489,644
5.700%, 02/01/19		100,000		101,054
Baxalta, Inc. 5.250%, 06/23/45		27,000		28,956
Celgene Corp. 3.625%, 05/15/24		591,000		582,639
3.950%, 10/15/20		500,000		506,478
4.350%, 11/15/47		278,000		248,476
5.700%, 10/15/40		165,000		175,763
Gilead Sciences, Inc. 3.250%, 09/01/22		630,000		626,809
3.500%, 02/01/25		115,000		112,930
3.650%, 03/01/26		115,000		112,954
3.700%, 04/01/24		704,000		706,181
4.000%, 09/01/36		201,000		193,397
				3,885,281
Building Materials—0.1%
CRH America Finance, Inc. 3.400%, 05/09/27 (144A)		214,000		199,487
Johnson Controls International plc 3.625%, 07/02/24		277,000		273,280
4.950%, 07/02/64		737,000		700,210
5.000%, 03/30/20		635,000		647,724

BHFTI-183

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Building Materials—(Continued)
Martin Marietta Materials, Inc. 3.450%, 06/01/27		499,000	$	458,117
Masco Corp. 6.500%, 08/15/32		720,000		788,720
				3,067,538
Chemicals—0.4%
Air Liquide Finance S.A. 2.250%, 09/27/23 (144A)		350,000		326,982
Albemarle Corp. 5.450%, 12/01/44		350,000		364,812
Chevron Phillips Chemical Co. LLC / Chevron Phillips Chemical Co. L.P. 3.400%, 12/01/26 (144A) (c)		339,000		328,920
3.700%, 06/01/28 (144A)		450,000		443,683
Dow Chemical Co. (The) 4.250%, 10/01/34		1,000,000		957,339
8.850%, 09/15/21		640,000		721,467
International Flavors & Fragrances, Inc. 4.450%, 09/26/28 (c)		345,000		347,888
5.000%, 09/26/48		404,000		404,014
Mosaic Co. (The) 5.450%, 11/15/33		1,163,000		1,185,682
5.625%, 11/15/43		300,000		306,669
Nutrien, Ltd. 3.000%, 04/01/25		440,000		405,141
3.375%, 03/15/25		87,000		82,460
4.125%, 03/15/35		620,000		566,738
5.250%, 01/15/45		300,000		309,860
Praxair, Inc. 1.250%, 11/07/18		900,000		898,624
2.650%, 02/05/25		261,000		246,906
Rohm & Haas Co. 7.850%, 07/15/29		418,000		538,126
Sherwin-Williams Co. (The) 3.125%, 06/01/24		247,000		237,198
Westlake Chemical Corp. 4.375%, 11/15/47		237,000		210,200
				8,882,709
Commercial Services—0.3%
Ecolab, Inc. 2.250%, 01/12/20		297,000		293,815
3.250%, 01/14/23		700,000		690,519
3.250%, 12/01/27		215,000		206,261
ERAC USA Finance LLC 3.850%, 11/15/24 (144A)		925,000		918,029
4.500%, 08/16/21 (144A)		1,740,000		1,781,916
7.000%, 10/15/37 (144A)		500,000		625,553
President & Fellows of Harvard College 3.300%, 07/15/56		714,000		628,270
Western Union Co. (The) 3.600%, 03/15/22 (c)		995,000		983,488
6.200%, 06/21/40		200,000		197,609
				6,325,460

Security Description	Principal Amount*		Value
Computers—0.6%
Apple, Inc. 2.150%, 02/09/22		540,000	$	521,995
2.450%, 08/04/26		519,000		478,350
2.750%, 01/13/25		600,000		574,602
2.850%, 05/11/24		1,123,000		1,090,348
2.900%, 09/12/27		836,000		787,364
3.000%, 02/09/24		2,312,000		2,265,958
3.000%, 06/20/27		675,000		641,932
3.200%, 05/11/27		514,000		496,638
3.350%, 02/09/27		1,207,000		1,180,040
3.450%, 02/09/45		625,000		559,808
3.750%, 09/12/47		1,200,000		1,123,393
3.850%, 08/04/46		362,000		346,557
Dell International LLC / EMC Corp. 6.020%, 06/15/26 (144A)		1,477,000		1,572,926
DXC Technology Co. 4.250%, 04/15/24		310,000		310,705
7.450%, 10/15/29		700,000		840,360
IBM Credit LLC 2.650%, 02/05/21		720,000		711,843
3.000%, 02/06/23 (c)		960,000		943,512
International Business Machines Corp. 6.500%, 01/15/28		300,000		361,550
				14,807,881
Cosmetics/Personal Care—0.0%
Procter & Gamble Co. (The) 2.700%, 02/02/26		750,000		710,799
Unilever Capital Corp. 3.375%, 03/22/25		310,000		305,187
				1,015,986
Distribution/Wholesale—0.0%
WW Grainger, Inc. 4.600%, 06/15/45		190,000		197,398
Diversified Financial Services—1.3%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust 3.300%, 01/23/23		468,000		450,809
3.500%, 01/15/25		600,000		565,183
Air Lease Corp. 3.250%, 03/01/25		484,000		452,237
Aircastle, Ltd. 4.400%, 09/25/23		710,000		709,932
American Express Co. 3.000%, 10/30/24		700,000		668,420
3.400%, 02/27/23		600,000		590,605
American Express Credit Corp. 2.125%, 03/18/19		116,000		115,748
2.250%, 08/15/19		500,000		497,652
2.375%, 05/26/20		500,000		493,789
Ameriprise Financial, Inc. 2.875%, 09/15/26		635,000		588,878
BOC Aviation, Ltd. 2.750%, 09/18/22 (144A)		480,000		455,581

BHFTI-184

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Diversified Financial Services—(Continued)
Brookfield Finance, Inc. 3.900%, 01/25/28		358,000	$	340,092
4.700%, 09/20/47		409,000		391,599
Capital One Bank USA N.A. 3.375%, 02/15/23		600,000		583,643
8.800%, 07/15/19		300,000		313,639
CDP Financial, Inc. 4.400%, 11/25/19 (144A)		600,000		609,876
CME Group, Inc. 3.000%, 03/15/25		440,000		423,864
Daiwa Securities Group, Inc. 3.129%, 04/19/22 (144A)		439,000		427,942
GE Capital International Funding Co. 2.342%, 11/15/20		6,696,000		6,542,485
4.418%, 11/15/35		3,726,000		3,492,255
International Lease Finance Corp. 5.875%, 08/15/22		298,000		315,169
8.625%, 01/15/22		850,000		965,909
Invesco Finance plc 4.000%, 01/30/24		500,000		501,469
Jefferies Group LLC 5.125%, 01/20/23		300,000		310,152
Legg Mason, Inc. 3.950%, 07/15/24		700,000		690,174
National Rural Utilities Cooperative Finance Corp. 2.950%, 02/07/24		210,000		203,216
ORIX Corp. 2.900%, 07/18/22		362,000		350,031
Private Export Funding Corp. 2.800%, 05/15/22		1,000,000		990,045
3.550%, 01/15/24		7,383,000		7,518,353
Synchrony Financial 3.700%, 08/04/26		500,000		451,393
TD Ameritrade Holding Corp. 2.950%, 04/01/22		295,000		289,262
				31,299,402
Electric—1.9%
Alabama Power Co. 3.550%, 12/01/23 (c)		461,000		460,451
4.150%, 08/15/44		218,000		211,421
Arizona Public Service Co. 2.200%, 01/15/20		142,000		140,382
3.350%, 06/15/24		400,000		392,645
Baltimore Gas & Electric Co. 5.200%, 06/15/33		1,510,000		1,633,568
Berkshire Hathaway Energy Co. 2.400%, 02/01/20		364,000		360,983
3.750%, 11/15/23		1,736,000		1,752,349
6.125%, 04/01/36		325,000		392,994
CenterPoint Energy Houston Electric LLC 2.250%, 08/01/22		950,000		906,994
China Southern Power Grid International Finance BVI Co., Ltd. 3.500%, 05/08/27 (144A)		960,000		909,681

Security Description	Principal Amount*		Value
Electric—(Continued)
CMS Energy Corp. 3.875%, 03/01/24		170,000	$	169,158
Commonwealth Edison Co. 3.650%, 06/15/46		162,000		146,514
3.750%, 08/15/47		350,000		323,172
Connecticut Light & Power Co. (The) 4.000%, 04/01/48 (c)		236,000		232,163
Consumers Energy Co. 4.350%, 08/31/64		191,000		183,015
5.650%, 04/15/20		200,000		207,281
Delmarva Power & Light Co. 4.150%, 05/15/45		500,000		487,209
Dominion Energy, Inc. 2.750%, 09/15/22		232,000		223,659
2.850%, 08/15/26		183,000		166,520
DTE Electric Co. 3.900%, 06/01/21		1,000,000		1,011,427
5.700%, 10/01/37		300,000		349,415
DTE Energy Co. 3.500%, 06/01/24		449,000		441,967
3.850%, 12/01/23		225,000		225,177
Duke Energy Carolinas LLC 4.300%, 06/15/20		619,000		633,027
6.000%, 01/15/38		600,000		736,533
Duke Energy Indiana LLC 3.750%, 05/15/46		350,000		319,554
Duke Energy Ohio, Inc. 3.800%, 09/01/23		815,000		824,701
Duke Energy Progress LLC 3.700%, 10/15/46		377,000		343,757
4.100%, 03/15/43		200,000		195,992
4.375%, 03/30/44		247,000		250,025
5.300%, 01/15/19		200,000		201,424
5.700%, 04/01/35		360,000		412,721
Edison International 4.125%, 03/15/28		240,000		237,406
Enel Finance International NV 3.500%, 04/06/28 (144A)		465,000		409,100
3.625%, 05/25/27 (144A)		480,000		434,523
4.625%, 09/14/25 (144A)		265,000		259,268
Entergy Arkansas, Inc. 3.050%, 06/01/23		765,000		745,708
Entergy Corp. 2.950%, 09/01/26		194,000		178,140
Entergy Louisiana LLC 2.400%, 10/01/26		414,000		372,829
3.050%, 06/01/31		195,000		176,810
Entergy Mississippi, Inc. 2.850%, 06/01/28		170,000		155,389
Exelon Corp. 3.497%, 06/01/22		600,000		589,464
Exelon Generation Co. LLC 3.400%, 03/15/22		643,000		637,110
6.250%, 10/01/39		160,000		173,988
FirstEnergy Corp. 4.850%, 07/15/47		289,000		293,510

BHFTI-185

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Electric—(Continued)
Florida Power & Light Co. 5.625%, 04/01/34		1,250,000	$	1,460,855
Fortis, Inc. 3.055%, 10/04/26		1,500,000		1,375,636
Indiana Michigan Power Co. 3.200%, 03/15/23		330,000		324,808
Jersey Central Power & Light Co. 6.150%, 06/01/37		200,000		233,618
Kansas City Power & Light Co. 3.150%, 03/15/23		604,000		589,618
5.300%, 10/01/41		315,000		346,289
Korea Southern Power Co., Ltd. 3.000%, 01/29/21 (144A)		227,000		223,486
Massachusetts Electric Co. 4.004%, 08/15/46 (144A)		402,000		379,783
Mid-Atlantic Interstate Transmission LLC 4.100%, 05/15/28 (144A)		340,000		336,735
MidAmerican Energy Co. 3.700%, 09/15/23		1,100,000		1,105,196
Nevada Power Co. 5.375%, 09/15/40		223,000		251,568
6.650%, 04/01/36		360,000		454,525
7.125%, 03/15/19		200,000		204,101
New England Power Co. 3.800%, 12/05/47 (144A)		280,000		258,587
New York State Electric & Gas Corp. 3.250%, 12/01/26 (144A)		434,000		412,525
NextEra Energy Capital Holdings, Inc. 3.625%, 06/15/23		410,000		406,632
Niagara Mohawk Power Corp. 3.508%, 10/01/24 (144A)		305,000		301,479
Northern States Power Co. 6.250%, 06/01/36		200,000		248,450
6.500%, 03/01/28		628,000		722,190
Ohio Power Co. 5.375%, 10/01/21		305,000		322,827
Pacific Gas & Electric Co. 4.250%, 05/15/21		782,000		793,416
6.050%, 03/01/34		1,200,000		1,350,749
PacifiCorp 3.600%, 04/01/24		315,000		313,797
5.500%, 01/15/19		500,000		504,090
Pennsylvania Electric Co. 3.250%, 03/15/28 (144A)		113,000		105,124
PPL Electric Utilities Corp. 2.500%, 09/01/22		300,000		288,652
4.125%, 06/15/44		208,000		204,575
Progress Energy, Inc. 7.000%, 10/30/31		200,000		249,237
PSEG Power LLC 2.450%, 11/15/18		568,000		567,915
Public Service Co. of Colorado 2.500%, 03/15/23		400,000		384,182
Public Service Co. of New Hampshire 3.500%, 11/01/23		272,000		271,214

Security Description	Principal Amount*		Value
Electric—(Continued)
Public Service Co. of Oklahoma 5.150%, 12/01/19		1,010,000	$	1,033,450
6.625%, 11/15/37		600,000		754,345
Public Service Electric & Gas Co. 3.800%, 01/01/43		700,000		662,700
Sempra Energy 4.050%, 12/01/23		1,054,000		1,059,763
Sierra Pacific Power Co. 3.375%, 08/15/23		556,000		552,568
Southern California Edison Co. 3.650%, 03/01/28		500,000		488,135
5.550%, 01/15/36		500,000		556,011
Southern Co. (The) 2.150%, 09/01/19		855,000		847,905
Southern Power Co. 5.150%, 09/15/41		400,000		402,906
Southwestern Public Service Co. 4.500%, 08/15/41		250,000		256,152
Toledo Edison Co. (The) 6.150%, 05/15/37		400,000		479,048
Tri-State Generation & Transmission Association, Inc. 4.250%, 06/01/46		206,000		187,251
Virginia Electric & Power Co. 2.750%, 03/15/23		400,000		387,306
2.950%, 01/15/22		489,000		481,400
4.450%, 02/15/44		126,000		127,109
6.000%, 05/15/37		685,000		825,855
				44,002,887
Electronics—0.0%
Arrow Electronics, Inc. 3.250%, 09/08/24		439,000		414,832
3.875%, 01/12/28		376,000		350,071
				764,903
Engineering & Construction—0.0%
Mexico City Airport Trust 5.500%, 07/31/47 (144A)		208,000		185,640
Environmental Control—0.0%
Republic Services, Inc. 5.500%, 09/15/19		650,000		665,173
Food—0.3%
Campbell Soup Co. 3.950%, 03/15/25		790,000		763,527
General Mills, Inc. 4.000%, 04/17/25		535,000		529,343
4.200%, 04/17/28		335,000		330,404
4.550%, 04/17/38		130,000		124,466
Kellogg Co. 3.400%, 11/15/27		333,000		309,343
Kraft Heinz Foods Co. 5.000%, 07/15/35		1,400,000		1,381,397
6.875%, 01/26/39		333,000		388,609

BHFTI-186

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Food—(Continued)
Kroger Co. (The) 8.000%, 09/15/29		610,000	$	758,426
McCormick & Co., Inc. 3.150%, 08/15/24		269,000		258,465
3.400%, 08/15/27		396,000		376,657
Sysco Corp. 3.550%, 03/15/25		340,000		332,514
4.450%, 03/15/48		200,000		194,748
Tyson Foods, Inc. 3.950%, 08/15/24 (c)		456,000		455,738
				6,203,637
Forest Products & Paper—0.1%
International Paper Co. 3.000%, 02/15/27 (c)		429,000		393,687
7.300%, 11/15/39		350,000		444,062
8.700%, 06/15/38		250,000		345,465
				1,183,214
Gas—0.3%
Atmos Energy Corp. 4.125%, 10/15/44		450,000		437,017
4.150%, 01/15/43		460,000		446,239
8.500%, 03/15/19		200,000		204,964
Brooklyn Union Gas Co. (The) 4.273%, 03/15/48 (144A)		500,000		492,733
CenterPoint Energy Resources Corp. 4.500%, 01/15/21		429,000		436,647
KeySpan Gas East Corp. 2.742%, 08/15/26 (144A)		345,000		317,334
Korea Gas Corp. 1.875%, 07/18/21 (144A)		400,000		380,555
NiSource, Inc. 6.250%, 12/15/40		510,000		590,319
Southern Co. Gas Capital Corp. 2.450%, 10/01/23		172,000		161,327
3.500%, 09/15/21		1,000,000		997,286
3.950%, 10/01/46		212,000		186,620
4.400%, 06/01/43		375,000		359,797
6.000%, 10/01/34		1,000,000		1,118,864
Southwest Gas Corp. 3.800%, 09/29/46		332,000		297,507
				6,427,209
Healthcare-Products—0.2%
Abbott Laboratories 3.875%, 09/15/25		464,000		466,774
Becton Dickinson & Co. 3.734%, 12/15/24		85,000		83,223
Covidien International Finance S.A. 2.950%, 06/15/23		377,000		366,627
Medtronic, Inc. 3.125%, 03/15/22		398,000		395,210
4.375%, 03/15/35		895,000		924,463

Security Description	Principal Amount*		Value
Healthcare-Products—(Continued)
Thermo Fisher Scientific, Inc. 2.950%, 09/19/26		286,000	$	265,159
3.150%, 01/15/23		1,066,000		1,041,641
4.150%, 02/01/24		515,000		524,460
Zimmer Biomet Holdings, Inc. 3.700%, 03/19/23		233,000		231,411
				4,298,968
Healthcare-Services—0.2%
Aetna, Inc. 2.800%, 06/15/23		269,000		257,712
6.625%, 06/15/36		297,000		361,231
Anthem, Inc. 3.500%, 08/15/24		1,035,000		1,011,865
4.101%, 03/01/28		460,000		452,848
4.650%, 08/15/44		324,000		318,329
Laboratory Corp. of America Holdings 3.200%, 02/01/22		447,000		440,976
Magellan Health, Inc. 4.400%, 09/22/24		1,000,000		964,679
Providence St. Joseph Health Obligated Group 2.746%, 10/01/26		210,000		192,173
Quest Diagnostics, Inc. 3.450%, 06/01/26		140,000		132,935
4.750%, 01/30/20		400,000		408,435
Texas Health Resources 4.330%, 11/15/55		250,000		253,108
UnitedHealth Group, Inc. 2.875%, 03/15/23		250,000		243,729
4.625%, 07/15/35		320,000		340,537
				5,378,557
Holding Companies-Diversified—0.1%
Hutchison Whampoa International 11, Ltd. 4.625%, 01/13/22 (144A)		1,100,000		1,128,062
Household Products/Wares—0.0%
Kimberly-Clark Corp. 2.400%, 06/01/23		600,000		572,226
Housewares—0.0%
Newell Brands, Inc. 5.375%, 04/01/36		350,000		336,980
5.500%, 04/01/46 (c)		200,000		190,958
				527,938
Insurance—1.2%
AIA Group, Ltd. 3.900%, 04/06/28 (144A)		415,000		406,685
AIG SunAmerica Global Financing X 6.900%, 03/15/32 (144A)		1,000,000		1,274,288
Allstate Corp. (The) 3.150%, 06/15/23		407,000		399,247

BHFTI-187

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Insurance—(Continued)
American International Group, Inc. 4.125%, 02/15/24 (c)		868,000	$	871,677
4.200%, 04/01/28 (c)		400,000		395,563
Aon plc 3.500%, 06/14/24		485,000		472,916
Assurant, Inc. 4.200%, 09/27/23		605,000		601,567
Athene Global Funding 2.750%, 04/20/20 (144A)		844,000		833,419
4.000%, 01/25/22 (144A)		368,000		368,728
Athene Holding, Ltd. 4.125%, 01/12/28		575,000		536,938
Berkshire Hathaway Finance Corp. 4.300%, 05/15/43		831,000		838,592
Berkshire Hathaway, Inc. 3.000%, 02/11/23		1,000,000		992,728
Chubb INA Holdings, Inc. 2.700%, 03/13/23 (c)		400,000		386,632
2.875%, 11/03/22		260,000		254,453
3.150%, 03/15/25		131,000		126,568
3.350%, 05/15/24		435,000		427,621
Dai-ichi Life Insurance Co., Ltd. (The) 4.000%, 3M LIBOR + 3.660%, 07/24/26 (144A) (a)		759,000		707,767
Great-West Lifeco Finance Delaware L.P. 4.150%, 06/03/47 (144A)		720,000		677,304
Guardian Life Insurance Co. of America (The) 4.850%, 01/24/77 (144A)		156,000		152,647
Hartford Financial Services Group, Inc. (The) 4.300%, 04/15/43		600,000		567,747
Jackson National Life Global Funding 3.050%, 04/29/26 (144A)		300,000		280,164
3.250%, 01/30/24 (144A)		460,000		446,971
Liberty Mutual Group, Inc. 4.950%, 05/01/22 (144A)		700,000		724,890
Liberty Mutual Insurance Co. 8.500%, 05/15/25 (144A)		800,000		974,755
Lincoln National Corp. 4.200%, 03/15/22		350,000		355,016
6.250%, 02/15/20		800,000		829,099
Manulife Financial Corp. 4.061%, 5Y USD Swap + 1.647%, 02/24/32 (a)		950,000		904,639
Marsh & McLennan Cos., Inc. 2.350%, 03/06/20		453,000		446,966
Massachusetts Mutual Life Insurance Co. 5.625%, 05/15/33 (144A)		720,000		813,054
7.625%, 11/15/23 (144A)		550,000		625,807
New York Life Global Funding 1.550%, 11/02/18 (144A)		317,000		316,770
3.000%, 01/10/28 (144A)		485,000		455,178
OneBeacon U.S. Holdings, Inc. 4.600%, 11/09/22		750,000		750,243
Pacific Life Insurance Co. 4.300%, 3M LIBOR + 2.796%, 10/24/67 (144A) (a)		446,000		401,048
Principal Financial Group, Inc. 3.125%, 05/15/23		250,000		243,568

Security Description	Principal Amount*		Value
Insurance—(Continued)
Progressive Corp. (The) 5.375%, 3M LIBOR + 2.539%, 03/15/23 (a) (c)		430,000	$	428,925
Protective Life Global Funding 1.999%, 09/14/21 (144A)		750,000		719,075
Prudential Insurance Co. of America (The) 8.300%, 07/01/25 (144A)		2,150,000		2,633,775
Reliance Standard Life Global Funding II 2.500%, 01/15/20 (144A)		240,000		237,547
3.050%, 01/20/21 (144A)		149,000		146,938
3.850%, 09/19/23 (144A)		1,065,000		1,061,723
Teachers Insurance & Annuity Association of America 4.270%, 05/15/47 (144A)		480,000		464,916
Torchmark Corp. 4.550%, 09/15/28		555,000		557,398
Voya Financial, Inc. 3.125%, 07/15/24		500,000		471,584
3.650%, 06/15/26		150,000		142,842
XLIT, Ltd. 6.375%, 11/15/24		921,000		1,028,093
				27,754,071
Internet—0.2%
Alibaba Group Holding, Ltd. 4.000%, 12/06/37		244,000		223,767
Amazon.com, Inc. 2.800%, 08/22/24		1,020,000		984,974
3.875%, 08/22/37		800,000		782,148
4.250%, 08/22/57		1,000,000		997,616
4.800%, 12/05/34		815,000		888,063
Tencent Holdings, Ltd. 3.595%, 01/19/28 (144A)		955,000		903,527
				4,780,095
Iron/Steel—0.1%
Nucor Corp. 4.000%, 08/01/23		1,049,000		1,069,388
6.400%, 12/01/37		250,000		305,078
Vale Overseas, Ltd. 6.250%, 08/10/26		148,000		162,193
6.875%, 11/21/36		750,000		872,250
				2,408,909
Machinery-Construction & Mining—0.1%
Caterpillar Financial Services Corp. 2.750%, 08/20/21		360,000		355,360
3.250%, 12/01/24		393,000		386,428
3.750%, 11/24/23		769,000		774,590
7.150%, 02/15/19		1,000,000		1,016,446
				2,532,824
Machinery-Diversified—0.1%
Deere & Co. 8.100%, 05/15/30		600,000		804,803

BHFTI-188

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Machinery-Diversified—(Continued)
Nvent Finance Sarl 4.550%, 04/15/28 (144A)		562,000	$	546,833
Roper Technologies, Inc. 3.000%, 12/15/20		125,000		124,183
Xylem, Inc. 3.250%, 11/01/26		118,000		110,768
				1,586,587
Media—1.1%
21st Century Fox America, Inc. 3.700%, 10/15/25		300,000		297,691
6.150%, 02/15/41		500,000		636,496
6.550%, 03/15/33		370,000		465,461
6.900%, 03/01/19		900,000		915,063
CBS Corp. 3.700%, 08/15/24		874,000		849,543
4.850%, 07/01/42		255,000		246,574
4.900%, 08/15/44		135,000		131,163
5.900%, 10/15/40		125,000		137,862
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. 4.908%, 07/23/25		2,174,000		2,206,511
5.375%, 04/01/38		334,000		323,294
6.384%, 10/23/35		275,000		296,216
6.834%, 10/23/55		400,000		440,784
Comcast Corp. 3.900%, 03/01/38		591,000		540,482
4.200%, 08/15/34		556,000		534,684
4.250%, 01/15/33		1,880,000		1,841,361
6.500%, 11/15/35		308,000		371,241
COX Communications, Inc. 3.250%, 12/15/22 (144A)		1,010,000		980,949
4.800%, 02/01/35 (144A)		1,100,000		1,025,416
Discovery Communications LLC 3.300%, 05/15/22		625,000		612,263
3.950%, 03/20/28 (c)		315,000		299,040
4.375%, 06/15/21		1,240,000		1,263,535
Grupo Televisa S.A.B. 6.125%, 01/31/46		200,000		217,507
NBCUniversal Enterprise, Inc. 1.974%, 04/15/19 (144A)		1,000,000		995,513
NBCUniversal Media LLC 2.875%, 01/15/23		1,000,000		971,702
Sky plc 3.750%, 09/16/24 (144A)		431,000		429,787
TCI Communications, Inc. 7.125%, 02/15/28		801,000		966,329
Thomson Reuters Corp. 5.850%, 04/15/40		32,000		34,586
Time Warner Cable LLC 4.125%, 02/15/21		1,300,000		1,310,402
5.500%, 09/01/41		1,000,000		961,779
Viacom, Inc. 3.875%, 04/01/24 (c)		237,000		232,809
6.875%, 04/30/36		798,000		907,538

Security Description	Principal Amount*		Value
Media—(Continued)
Walt Disney Co. (The) 1.850%, 07/30/26		156,000	$	137,118
Warner Media LLC 3.550%, 06/01/24		2,285,000		2,215,396
3.600%, 07/15/25		665,000		636,945
				24,433,040
Mining—0.1%
Anglo American Capital plc 3.625%, 09/11/24 (144A)		336,000		319,805
4.000%, 09/11/27 (144A)		600,000		552,735
Barrick Gold Corp. 6.450%, 10/15/35		700,000		798,008
BHP Billiton Finance USA, Ltd. 5.000%, 09/30/43		414,000		458,907
Vale Canada, Ltd. 7.200%, 09/15/32		500,000		548,750
				2,678,205
Miscellaneous Manufacturing—0.2%
Eaton Corp. 6.950%, 03/20/19		282,000		287,525
General Electric Co. 3.450%, 05/15/24		393,000		386,888
4.375%, 09/16/20		1,060,000		1,082,889
5.500%, 01/08/20		616,000		633,780
6.000%, 08/07/19		673,000		690,453
Illinois Tool Works, Inc. 1.950%, 03/01/19		252,000		251,344
Ingersoll-Rand Luxembourg Finance S.A. 2.625%, 05/01/20		320,000		316,912
Parker-Hannifin Corp. 3.300%, 11/21/24		143,000		140,109
4.100%, 03/01/47		250,000		244,381
4.450%, 11/21/44		333,000		339,383
Siemens Financieringsmaatschappij NV 3.125%, 03/16/24 (144A)		500,000		486,858
				4,860,522
Multi-National—0.1%
African Development Bank 8.800%, 09/01/19		1,275,000		1,338,172
Oil & Gas—1.4%
Anadarko Finance Co. 7.500%, 05/01/31		805,000		986,957
Anadarko Holding Co. 7.150%, 05/15/28		949,000		1,070,145
Anadarko Petroleum Corp. 8.700%, 03/15/19		1,600,000		1,640,223
Apache Corp. 3.250%, 04/15/22		684,000		673,233
5.100%, 09/01/40		650,000		642,041

BHFTI-189

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Oil & Gas—(Continued)
BP Capital Markets plc 3.017%, 01/16/27		655,000	$	615,800
3.224%, 04/14/24		1,000,000		977,296
3.245%, 05/06/22		1,475,000		1,465,164
3.535%, 11/04/24		300,000		298,192
3.814%, 02/10/24		650,000		657,500
Canadian Natural Resources, Ltd. 3.900%, 02/01/25		512,000		505,229
5.850%, 02/01/35		150,000		166,223
6.450%, 06/30/33		200,000		232,788
Cenovus Energy, Inc. 6.750%, 11/15/39		1,100,000		1,239,084
Chevron Corp. 2.355%, 12/05/22		690,000		664,881
2.411%, 03/03/22		500,000		486,372
2.895%, 03/03/24		537,000		522,572
3.191%, 06/24/23		425,000		421,730
CNOOC Finance 2013, Ltd. 3.000%, 05/09/23		848,000		812,638
CNOOC Finance 2015 Australia Pty, Ltd. 2.625%, 05/05/20		393,000		387,399
Ecopetrol S.A. 4.125%, 01/16/25		433,000		420,010
5.875%, 09/18/23		282,000		300,471
Encana Corp. 7.200%, 11/01/31		400,000		484,788
8.125%, 09/15/30		450,000		575,608
Eni S.p.A. 4.000%, 09/12/23 (144A)		385,000		380,773
Eni USA, Inc. 7.300%, 11/15/27		480,000		567,394
EOG Resources, Inc. 4.100%, 02/01/21		880,000		894,621
EQT Corp. 3.900%, 10/01/27		458,000		428,958
Equinor ASA 2.650%, 01/15/24 (c)		393,000		376,222
3.250%, 11/10/24		399,000		391,975
7.250%, 09/23/27		1,040,000		1,297,348
Exxon Mobil Corp. 4.114%, 03/01/46		440,000		445,839
Marathon Oil Corp. 2.800%, 11/01/22 (c)		400,000		384,386
Marathon Petroleum Corp. 3.625%, 09/15/24		371,000		366,023
Noble Energy, Inc. 6.000%, 03/01/41		360,000		384,726
Occidental Petroleum Corp. 3.000%, 02/15/27		350,000		332,366
4.200%, 03/15/48		300,000		294,955
Petro-Canada 5.950%, 05/15/35		210,000		241,608
7.875%, 06/15/26		544,000		656,969
9.250%, 10/15/21		243,000		280,480
Petroleos Mexicanos 4.625%, 09/21/23 (c)		800,000		792,800
4.875%, 01/18/24		317,000		315,732

Security Description	Principal Amount*		Value
Oil & Gas—(Continued)
5.350%, 02/12/28 (144A)		339,000	$	319,508
6.350%, 02/12/48 (144A)		684,000		626,544
6.375%, 01/23/45		918,000		847,314
6.500%, 03/13/27		1,879,000		1,919,398
6.750%, 09/21/47		716,000		683,200
6.875%, 08/04/26		1,305,000		1,376,644
Phillips 66 3.900%, 03/15/28		425,000		418,969
Shell International Finance B.V. 4.125%, 05/11/35		600,000		606,945
Suncor Energy, Inc. 5.950%, 12/01/34		668,000		764,195
Total Capital International S.A. 3.700%, 01/15/24		654,000		658,599
Valero Energy Corp. 7.500%, 04/15/32		180,000		229,105
				33,529,940
Oil & Gas Services — 0.1%
Baker Hughes a GE Co. LLC 5.125%, 09/15/40		360,000		378,486
Halliburton Co. 4.850%, 11/15/35		270,000		282,105
6.750%, 02/01/27		650,000		746,058
7.450%, 09/15/39		200,000		267,905
8.750%, 02/15/21		350,000		391,099
Schlumberger Investment S.A. 2.400%, 08/01/22 (144A)		600,000		575,016
3.300%, 09/14/21 (144A)		650,000		649,548
				3,290,217
Packaging & Containers—0.0%
WestRock Co. 3.750%, 03/15/25 (144A)		300,000		294,725
Pharmaceuticals—0.9%
AbbVie, Inc. 3.600%, 05/14/25		1,787,000		1,729,021
4.500%, 05/14/35		500,000		479,704
Allergan Funding SCS 3.450%, 03/15/22		1,504,000		1,494,437
3.850%, 06/15/24		1,038,000		1,026,457
Allergan, Inc. 2.800%, 03/15/23		172,000		163,951
3.375%, 09/15/20		474,000		473,805
Bayer U.S. Finance II LLC 4.700%, 07/15/64 (144A)		100,000		84,342
Bayer U.S. Finance LLC 2.375%, 10/08/19 (144A)		423,000		420,204
3.375%, 10/08/24 (144A)		472,000		449,693
CVS Health Corp. 4.100%, 03/25/25		3,038,000		3,028,563
4.300%, 03/25/28		813,000		804,977
4.780%, 03/25/38		1,200,000		1,190,655
5.050%, 03/25/48		670,000		684,503

BHFTI-190

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Pharmaceuticals—(Continued)
CVS Pass-Through Trust 4.704%, 01/10/36 (144A)		778,142	$	766,470
5.773%, 01/10/33 (144A)		769,404		816,162
6.204%, 10/10/25 (144A)		588,661		613,320
8.353%, 07/10/31 (144A)		154,664		186,861
Express Scripts Holding Co. 3.000%, 07/15/23 (c)		900,000		866,465
3.500%, 06/15/24		300,000		291,828
4.800%, 07/15/46		156,000		152,026
Johnson & Johnson 3.400%, 01/15/38		741,000		689,395
Mead Johnson Nutrition Co. 4.125%, 11/15/25		89,000		90,059
Medco Health Solutions, Inc. 4.125%, 09/15/20		800,000		809,855
Merck & Co., Inc. 2.800%, 05/18/23		625,000		611,699
3.700%, 02/10/45		60,000		57,178
Mylan, Inc. 4.550%, 04/15/28 (144A)		350,000		340,106
Novartis Capital Corp. 3.400%, 05/06/24		863,000		865,021
Pfizer, Inc. 3.000%, 12/15/26		450,000		431,238
Shire Acquisitions Investments Ireland DAC 2.875%, 09/23/23		445,000		424,363
3.200%, 09/23/26		770,000		710,614
				20,752,972
Pipelines—1.1%
Andeavor Logistics L.P. / Tesoro Logistics Finance Corp. 5.250%, 01/15/25		375,000		384,067
ANR Pipeline Co. 7.375%, 02/15/24		226,000		252,080
APT Pipelines, Ltd. 4.250%, 07/15/27 (144A)		687,000		669,864
Buckeye Partners L.P. 2.650%, 11/15/18		400,000		399,931
3.950%, 12/01/26		79,000		72,863
4.875%, 02/01/21		600,000		610,794
5.850%, 11/15/43		575,000		553,796
Enable Midstream Partners L.P. 4.950%, 05/15/28		290,000		287,652
Enbridge, Inc. 3.700%, 07/15/27 (c)		538,000		519,339
4.500%, 06/10/44		350,000		339,176
6.250%, 3M LIBOR + 3.640%, 03/01/78 (a)		480,000		463,239
Energy Transfer L.P. / Regency Energy Finance Corp. 5.000%, 10/01/22		270,000		279,601
Energy Transfer Partners L.P. 3.600%, 02/01/23		114,000		112,019
4.050%, 03/15/25		273,000		267,151
4.750%, 01/15/26		308,000		311,077
4.900%, 02/01/24		244,000		251,431
6.050%, 06/01/41		1,167,000		1,219,594
6.500%, 02/01/42		134,000		146,976

Security Description	Principal Amount*		Value
Pipelines—(Continued)
EnLink Midstream Partners L.P. 2.700%, 04/01/19		200,000	$	199,350
4.150%, 06/01/25		261,000		247,398
5.600%, 04/01/44		201,000		178,787
Enterprise Products Operating LLC 3.750%, 02/15/25 (c)		515,000		513,969
3.900%, 02/15/24		662,000		667,789
4.950%, 10/15/54		179,000		178,674
5.100%, 02/15/45		379,000		399,337
6.875%, 03/01/33		150,000		185,911
Gulf South Pipeline Co. L.P. 4.000%, 06/15/22		200,000		199,618
Kinder Morgan, Inc. 4.300%, 03/01/28		1,000,000		990,722
5.200%, 03/01/48 (c)		400,000		407,345
Magellan Midstream Partners L.P. 4.200%, 12/01/42		269,000		234,255
4.250%, 02/01/21		659,000		669,440
5.150%, 10/15/43		201,000		208,187
MPLX L.P. 4.125%, 03/01/27		373,000		363,141
4.500%, 04/15/38		285,000		268,281
4.875%, 12/01/24		529,000		549,397
5.200%, 03/01/47		215,000		215,125
ONEOK Partners L.P. 3.375%, 10/01/22		44,000		43,325
4.900%, 03/15/25		1,000,000		1,037,518
5.000%, 09/15/23		96,000		100,030
6.650%, 10/01/36		950,000		1,110,997
Phillips 66 Partners L.P. 3.550%, 10/01/26		117,000		110,303
4.900%, 10/01/46		255,000		249,922
Plains All American Pipeline L.P. / PAA Finance Corp. 3.600%, 11/01/24		1,875,000		1,804,105
Southern Natural Gas Co. LLC 4.800%, 03/15/47 (144A)		244,000		241,578
8.000%, 03/01/32		210,000		269,369
Sunoco Logistics Partners Operations L.P. 3.900%, 07/15/26		117,000		110,952
4.250%, 04/01/24		233,000		232,376
4.950%, 01/15/43		394,000		359,324
5.300%, 04/01/44		200,000		191,441
5.350%, 05/15/45		633,000		616,310
6.100%, 02/15/42		500,000		526,669
TC PipeLines L.P. 3.900%, 05/25/27		254,000		241,010
TransCanada PipeLines, Ltd. 2.500%, 08/01/22		350,000		335,818
3.750%, 10/16/23		910,000		909,482
4.750%, 05/15/38		300,000		305,046
7.125%, 01/15/19		490,000		496,070
7.250%, 08/15/38		200,000		250,580
Western Gas Partners L.P. 4.500%, 03/01/28		136,000		130,388
5.300%, 03/01/48		294,000		269,063
5.450%, 04/01/44		178,000		166,571

BHFTI-191

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Pipelines—(Continued)
Williams Partners L.P. 3.900%, 01/15/25		262,000	$	256,230
4.850%, 03/01/48		427,000		412,121
				24,593,974
Real Estate—0.1%
Goodman Australia Industrial Fund Bond Issuer Pty, Ltd. 3.400%, 09/30/26 (144A)		632,000		586,142
Ontario Teachers’ Cadillac Fairview Properties Trust 3.125%, 03/20/22 (144A)		579,000		567,661
3.875%, 03/20/27 (144A)		603,000		591,843
				1,745,646
Real Estate Investment Trusts—1.0%
American Tower Corp. 2.250%, 01/15/22		500,000		477,208
3.375%, 10/15/26		287,000		267,145
3.500%, 01/31/23		790,000		777,914
AvalonBay Communities, Inc. 2.850%, 03/15/23		400,000		387,705
2.900%, 10/15/26		165,000		153,654
3.900%, 10/15/46		150,000		137,514
Boston Properties L.P. 3.200%, 01/15/25		380,000		363,453
3.850%, 02/01/23		800,000		803,252
Brixmor Operating Partnership L.P. 3.850%, 02/01/25		500,000		481,581
Crown Castle International Corp. 4.000%, 03/01/27		166,000		160,737
4.875%, 04/15/22		835,000		861,409
DDR Corp. 4.700%, 06/01/27		226,000		227,142
Digital Realty Trust L.P. 3.700%, 08/15/27		270,000		256,340
Duke Realty L.P. 3.625%, 04/15/23		1,128,000		1,115,985
EPR Properties 4.500%, 06/01/27		497,000		474,760
4.950%, 04/15/28		330,000		324,083
Equity Commonwealth 5.875%, 09/15/20		800,000		822,601
ERP Operating L.P. 2.375%, 07/01/19 (c)		538,000		535,875
2.850%, 11/01/26		230,000		212,986
3.500%, 03/01/28		294,000		283,620
4.625%, 12/15/21		150,000		154,645
4.750%, 07/15/20		578,000		590,395
Goodman U.S. Finance Three LLC 3.700%, 03/15/28 (144A)		387,000		361,520
Government Properties Income Trust 3.750%, 08/15/19		2,520,000		2,529,447
4.000%, 07/15/22		627,000		619,765
HCP, Inc. 3.400%, 02/01/25		303,000		287,115
3.875%, 08/15/24		1,136,000		1,110,548

Security Description	Principal Amount*		Value
Real Estate Investment Trusts—(Continued)
Liberty Property L.P. 3.250%, 10/01/26		199,000	$	185,160
National Retail Properties, Inc. 3.600%, 12/15/26		453,000		431,119
Realty Income Corp. 3.000%, 01/15/27		200,000		184,191
3.875%, 04/15/25		505,000		500,693
4.650%, 03/15/47		225,000		225,733
Scentre Group Trust 1 / Scentre Group Trust 2 3.500%, 02/12/25 (144A)		720,000		691,821
Select Income REIT 3.600%, 02/01/20		1,000,000		994,618
Senior Housing Properties Trust 3.250%, 05/01/19		550,000		549,771
4.750%, 02/15/28		500,000		483,212
Simon Property Group L.P. 2.750%, 02/01/23		200,000		193,277
4.375%, 03/01/21		1,185,000		1,214,491
UDR, Inc. 2.950%, 09/01/26		233,000		213,305
Ventas Realty L.P. 3.500%, 02/01/25		197,000		188,020
3.850%, 04/01/27		369,000		355,459
VEREIT Operating Partnership L.P. 4.600%, 02/06/24		960,000		964,995
Welltower, Inc. 4.500%, 01/15/24		1,024,000		1,040,603
5.250%, 01/15/22		600,000		625,580
				23,820,447
Retail—0.3%
Dollar General Corp. 4.125%, 05/01/28		485,000		478,059
Home Depot, Inc. (The) 2.125%, 09/15/26		193,000		172,884
2.625%, 06/01/22		700,000		685,141
3.750%, 02/15/24		586,000		597,137
4.200%, 04/01/43		207,000		208,298
4.400%, 03/15/45		143,000		148,416
Lowe’s Cos., Inc. 3.120%, 04/15/22		900,000		894,441
3.125%, 09/15/24		276,000		269,865
McDonald’s Corp. 4.450%, 03/01/47		180,000		176,462
4.700%, 12/09/35		84,000		87,223
6.300%, 10/15/37		152,000		183,213
O’Reilly Automotive, Inc. 3.600%, 09/01/27		494,000		468,375
Target Corp. 3.500%, 07/01/24		484,000		489,059
Walgreen Co. 4.400%, 09/15/42		200,000		182,744
Walgreens Boots Alliance, Inc. 4.500%, 11/18/34		349,000		343,236

BHFTI-192

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Retail—(Continued)
Walmart, Inc. 3.300%, 04/22/24		575,000	$	574,035
				5,958,588
Semiconductors—0.2%
Analog Devices, Inc. 3.125%, 12/05/23		293,000		283,249
4.500%, 12/05/36		336,000		326,613
Broadcom Corp. / Broadcom Cayman Finance, Ltd. 3.625%, 01/15/24 (c)		1,205,000		1,168,602
3.875%, 01/15/27		600,000		565,867
Intel Corp. 3.700%, 07/29/25		260,000		261,542
4.000%, 12/15/32		1,000,000		1,014,384
QUALCOMM, Inc. 3.250%, 05/20/27		627,000		589,253
				4,209,510
Software—0.5%
Microsoft Corp. 2.400%, 08/08/26		400,000		368,628
2.875%, 02/06/24		1,252,000		1,223,598
3.300%, 02/06/27		502,000		492,857
3.500%, 02/12/35		296,000		285,156
3.950%, 08/08/56		180,000		175,779
4.000%, 02/12/55		310,000		306,629
4.100%, 02/06/37		924,000		951,544
4.500%, 02/06/57		810,000		872,433
Oracle Corp. 2.500%, 10/15/22		3,410,000		3,307,870
2.950%, 11/15/24		900,000		868,934
3.800%, 11/15/37		900,000		856,364
3.900%, 05/15/35		230,000		222,322
4.300%, 07/08/34		1,676,000		1,709,728
VMware, Inc. 2.950%, 08/21/22		933,000		897,860
				12,539,702
Telecommunications—1.0%
America Movil S.A.B. de C.V. 3.125%, 07/16/22		1,600,000		1,566,466
AT&T, Inc. 3.950%, 01/15/25		858,000		844,370
4.125%, 02/17/26		570,000		562,946
4.300%, 02/15/30 (144A)		5,805,000		5,578,746
4.500%, 05/15/35		1,000,000		933,142
4.900%, 08/15/37 (144A)		2,260,000		2,158,218
5.350%, 09/01/40		500,000		495,264
6.350%, 03/15/40		530,000		582,011
6.375%, 03/01/41		300,000		330,181
Cisco Systems, Inc. 3.000%, 06/15/22		278,000		276,516
3.625%, 03/04/24		700,000		709,799
5.900%, 02/15/39		900,000		1,118,569

Security Description	Principal Amount*		Value
Telecommunications—(Continued)
Deutsche Telekom International Finance B.V. 3.600%, 01/19/27 (144A)		498,000	$	472,010
Qwest Corp. 6.875%, 09/15/33		587,000		583,689
Rogers Communications, Inc. 8.750%, 05/01/32		940,000		1,237,394
Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC 3.360%, 09/20/21 (144A)		1,401,750		1,396,493
Telefonica Emisiones S.A.U. 4.103%, 03/08/27		353,000		339,125
5.134%, 04/27/20		551,000		566,274
Verizon Communications, Inc. 3.450%, 03/15/21		534,000		536,104
4.125%, 03/16/27		400,000		400,198
4.400%, 11/01/34		600,000		584,437
5.250%, 03/16/37 (c)		548,000		583,567
Vodafone Group plc 4.125%, 05/30/25		547,000		542,550
5.000%, 05/30/38		383,000		377,509
5.250%, 05/30/48		540,000		541,334
6.150%, 02/27/37		500,000		551,544
				23,868,456
Transportation—0.3%
Burlington Northern Santa Fe LLC 3.050%, 09/01/22		300,000		296,794
7.950%, 08/15/30		1,185,000		1,612,258
Burlington Northern, Inc. 8.750%, 02/25/22		812,000		940,378
Canadian Pacific Railway Co. 4.500%, 01/15/22		300,000		308,869
6.125%, 09/15/15		100,000		118,041
7.125%, 10/15/31		872,000		1,094,163
CSX Corp. 3.250%, 06/01/27		324,000		306,868
6.000%, 10/01/36		300,000		354,649
FedEx Corp. 3.900%, 02/01/35		382,000		359,240
Norfolk Southern Corp. 3.850%, 01/15/24		679,000		685,840
3.942%, 11/01/47		219,000		203,056
Ryder System, Inc. 2.450%, 09/03/19		555,000		552,527
Union Pacific Corp. 4.100%, 09/15/67		200,000		176,735
				7,009,418
Trucking & Leasing—0.1%
Aviation Capital Group LLC 3.500%, 11/01/27 (144A)		300,000		273,690
Penske Truck Leasing Co. L.P. / PTL Finance Corp. 2.500%, 06/15/19 (144A)		175,000		174,396
2.700%, 03/14/23 (144A)		948,000		896,182
3.375%, 02/01/22 (144A)		459,000		452,506

BHFTI-193

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Trucking & Leasing—(Continued)
Penske Truck Leasing Co. L.P. / PTL Finance Corp. 4.125%, 08/01/23 (144A)		389,000	$	388,286
				2,185,060
Water—0.1%
American Water Capital Corp. 3.400%, 03/01/25		319,000		313,155
3.850%, 03/01/24		1,130,000		1,140,340
				1,453,495
Total Corporate Bonds & Notes (Cost $588,872,980)				580,803,843
Asset-Backed Securities—11.9%
Asset-Backed - Automobile—5.1%
American Credit Acceptance Receivables Trust 2.910%, 02/13/23 (144A)		977,000		975,353
3.460%, 08/10/22 (144A)		2,249,000		2,246,924
4.260%, 08/12/22 (144A)		867,000		875,338
AmeriCredit Automobile Receivables Trust 1.600%, 11/09/20		99,428		99,272
1.830%, 12/08/21		750,000		740,362
2.300%, 02/18/22		785,000		776,915
2.690%, 06/19/23		409,000		401,702
2.710%, 08/18/22		421,000		415,358
3.130%, 01/18/23		945,000		931,783
Capital Auto Receivables Asset Trust 2.790%, 01/20/22 (144A)		5,075,000		5,059,144
Carfinance Capital Auto Trust 1.750%, 06/15/21 (144A)		20,921		20,906
CarMax Auto Owner Trust 2.730%, 08/16/21		2,217,000		2,214,728
Carnow Auto Receivables Trust 2.920%, 09/15/22 (144A)		785,789		782,152
3.490%, 02/15/21 (144A)		313,711		313,298
CPS Auto Receivables Trust 2.860%, 06/15/23 (144A)		1,533,000		1,517,486
3.270%, 06/15/22 (144A)		1,050,000		1,050,436
3.770%, 08/17/20 (144A)		516,251		517,965
3.790%, 06/15/23 (144A)		564,000		561,917
4.000%, 02/16/21 (144A)		223,000		224,501
4.350%, 11/16/20 (144A)		450,000		453,462
Credit Acceptance Auto Loan Trust 2.560%, 10/15/25 (144A)		1,197,000		1,191,251
3.010%, 02/16/27 (144A)		1,586,000		1,570,133
3.020%, 04/15/26 (144A)		4,025,000		3,959,086
3.040%, 12/15/25 (144A)		524,000		518,193
3.350%, 06/15/26 (144A)		489,000		483,375
3.480%, 02/17/26 (144A)		440,000		437,899
Drive Auto Receivables Trust 2.300%, 05/17/21		9,854,000		9,838,971
2.510%, 01/15/21 (144A)		148,322		148,285
2.750%, 09/15/23		3,399,000		3,390,459
2.840%, 04/15/22		2,135,000		2,131,353

Security Description	Principal Amount*		Value
Asset-Backed - Automobile—(Continued)
Drive Auto Receivables Trust 2.980%, 01/18/22 (144A)		898,000	$	897,199
3.530%, 12/15/23 (144A)		4,820,000		4,803,957
3.660%, 11/15/24		3,698,000		3,698,894
3.720%, 09/16/24		3,182,000		3,177,261
3.840%, 03/15/23		2,425,000		2,434,512
4.120%, 07/15/22 (144A)		1,177,000		1,185,532
4.160%, 05/15/24 (144A)		1,195,000		1,206,914
4.180%, 03/15/24 (144A)		2,076,000		2,097,012
DT Auto Owner Trust 3.030%, 01/17/23 (144A)		1,823,000		1,819,307
3.470%, 12/15/23 (144A)		1,715,000		1,710,394
3.550%, 11/15/22 (144A)		1,089,000		1,088,179
3.580%, 05/15/23 (144A)		969,000		967,980
3.770%, 10/17/22 (144A)		1,068,400		1,074,150
3.810%, 12/15/23 (144A)		1,211,000		1,205,030
Exeter Automobile Receivables Trust 2.050%, 12/15/21 (144A)		585,145		582,378
2.840%, 08/16/21 (144A)		785,000		784,235
3.950%, 12/15/22 (144A)		580,000		580,369
First Investors Auto Owner Trust 1.530%, 11/16/20 (144A)		55,761		55,720
Flagship Credit Auto Trust 2.710%, 11/15/22 (144A)		1,195,000		1,181,008
2.840%, 11/16/20 (144A)		3,459		3,459
3.790%, 12/16/24 (144A)		3,855,000		3,838,199
3.950%, 12/15/20 (144A)		440,000		441,778
GLS Auto Receivables Trust 4.390%, 01/15/21 (144A)		533,098		535,308
Hertz Vehicle Financing II L.P. 2.960%, 10/25/21 (144A)		575,000		567,498
Nissan Auto Receivables Owner Trust 2.120%, 04/18/22		2,934,000		2,891,240
OneMain Direct Auto Receivables Trust 2.550%, 11/14/23 (144A)		2,400,000		2,364,457
2.820%, 07/15/24 (144A)		4,225,000		4,157,421
Prestige Auto Receivables Trust 3.910%, 11/15/22 (144A)		1,979,000		1,973,941
Santander Drive Auto Receivables Trust 4.670%, 02/15/23 (144A)		4,700,000		4,740,674
Santander Retail Auto Lease Trust 2.930%, 05/20/21 (144A)		2,396,000		2,385,608
Sierra Auto Receivables Securitization Trust 2.850%, 01/18/22 (144A)		40,106		40,100
Sonoran Auto Receivables Trust 4.750%, 07/15/24		7,060,597		7,060,597
Tricolor Auto Securitization Trust 5.050%, 12/15/20 (144A) (h)		2,958,253		2,957,898
United Auto Credit Securitization Trust 3.780%, 05/10/23 (144A)		3,140,000		3,138,135
USASF Receivables LLC 5.750%, 09/15/30 (144A) (h)		1,339,898		1,339,898
Westlake Automobile Receivables Trust 2.460%, 01/18/22 (144A)		1,036,000		1,033,055
2.700%, 10/17/22 (144A)		720,000		717,729
4.100%, 06/15/21 (144A)		500,000		504,029

BHFTI-194

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed - Automobile—(Continued)
World Omni Automobile Lease Securitization Trust 2.830%, 07/15/21		2,314,000	$	2,303,660
				117,392,722
Asset-Backed - Credit Card—0.2%
Continental Credit Card 4.290%, 01/15/24 (144A)		2,040,446		2,020,343
4.560%, 01/15/23 (144A)		201,748		201,074
Synchrony Card Issuance Trust 3.380%, 09/15/24		2,900,000		2,900,000
				5,121,417
Asset-Backed - Home Equity—0.0%
Asset-Backed Securities Corp. Home Equity Loan Trust 2.966%, 1M LIBOR + 0.750%, 02/25/35 (a)		97,012		96,989
Asset-Backed - Other—6.6%
AJAX Mortgage Loan Trust 4.125%, 10/25/56 (144A)		1,207,013		1,200,363
American Homes 4 Rent Trust 3.467%, 04/17/52 (144A)		1,171,937		1,151,310
3.678%, 12/17/36 (144A)		93,291		92,836
4.201%, 12/17/36 (144A)		400,000		403,928
4.290%, 10/17/36 (144A)		300,000		304,306
4.596%, 12/17/36 (144A)		250,000		255,787
5.036%, 10/17/45 (144A)		1,900,000		1,970,282
5.639%, 04/17/52 (144A)		500,000		525,802
6.231%, 10/17/36 (144A)		650,000		704,958
6.418%, 12/17/36 (144A)		300,000		328,973
American Tower Trust I 3.070%, 03/15/48 (144A)		1,920,000		1,874,776
AXIS Equipment Finance Receivables LLC 2.210%, 11/20/21 (144A)		648,907		645,285
B2R Mortgage Trust 2.524%, 05/15/48 (144A)		615,470		607,595
BCC Funding XIII LLC 2.200%, 12/20/21 (144A)		560,207		557,654
Business Jet Securities LLC 4.335%, 02/15/33 (144A)		5,100,497		5,106,995
4.447%, 06/15/33 (144A)		3,182,784		3,187,712
Camillo 5.000%, 12/05/23 (144A) (h)		3,519,320		3,511,623
Colony American Finance, Ltd. 2.554%, 11/15/48 (144A)		882,036		860,179
Conix Mortgage Asset Trust 4.704%, 12/25/47 (144A) (a) (f) (g) (h)		1,078,519		115,725
Consumer Loan Underlying Bond Credit Trust 2.550%, 01/16/24 (144A)		647,659		647,289
COOF Securitization Trust, Ltd. 2.944%, 06/25/40 (144A) (a) (b)		1,308,583		117,055
Diamond Resorts Owner Trust 3.270%, 10/22/29 (144A)		1,387,440		1,374,061
3.700%, 01/21/31 (144A)		3,163,533		3,147,825
DT Asset Trust 5.840%, 12/16/22 (144A) (h)		2,000,000		1,997,825

Security Description	Principal Amount*		Value
Asset-Backed - Other—(Continued)
Engs Commercial Finance Trust 2.630%, 02/22/22 (144A)		427,929	$	422,872
FirstKey Lending Trust 3.417%, 03/09/47 (144A)		460,177		459,801
Freedom Financial Network LLC 3.610%, 07/18/24 (144A)		2,119,633		2,116,359
GMAT Trust 6.967%, 11/25/43 (144A)		106,075		106,165
Gold Key Resorts LLC 3.220%, 03/17/31 (144A)		394,782		391,607
Goodgreen Trust 3.260%, 10/15/53 (144A)		2,789,519		2,685,505
3.740%, 10/15/52 (144A)		605,526		600,247
5.000%, 10/20/51 (144A) (h)		3,646,087		3,573,165
HERO Funding Trust 3.080%, 09/20/42 (144A)		763,972		737,348
3.950%, 09/20/48 (144A)		2,541,814		2,515,750
4.460%, 09/20/47 (144A)		1,981,580		2,010,992
Hilton Grand Vacations Trust 2.660%, 12/26/28 (144A)		917,588		900,171
Kabbage Asset Securitization LLC 4.571%, 03/15/22 (144A)		6,515,000		6,561,145
KGS-Alpha SBA COOF Trust 0.601%, 05/25/39 (144A) (a) (b)		4,702,844		71,483
0.914%, 08/25/38 (144A) (a) (b)		4,321,925		104,833
1.773%, 03/25/39 (144A) (a) (b)		4,250,175		174,839
3.276%, 04/25/40 (144A) (a) (b)		1,085,525		87,731
LendingClub Issuance Trust 3.000%, 01/17/23 (144A)		21,618		21,612
Lendmark Funding Trust 2.830%, 12/22/25 (144A)		1,512,000		1,503,417
LV Tower 52 Issuer LLC 5.750%, 07/15/19 (144A) (h)		2,028,101		2,028,101
7.750%, 07/15/19 (144A) (h)		1,093,320		1,093,320
Mariner Finance Issuance Trust 3.620%, 02/20/29 (144A)		1,631,000		1,629,927
Marlette Funding Trust 2.610%, 03/15/28 (144A)		1,794,117		1,788,711
2.827%, 03/15/24 (144A)		629,453		629,423
Nationstar HECM Loan Trust 2.942%, 05/25/27 (144A)		305,000		302,764
New Residential Advance Receivables Trust 2.575%, 10/15/49 (144A)		860,000		852,668
New Residential Advance Receivables Trust Advance Receivables Backed Notes 3.020%, 10/15/49 (144A)		134,000		132,597
3.513%, 10/15/49 (144A)		312,500		309,367
Ocwen Master Advance Receivables Trust 3.892%, 08/15/49 (144A)		3,950,000		3,949,999
OnDeck Asset Securitization Trust LLC 3.500%, 04/18/22 (144A)		526,000		524,461
OneMain Financial Issuance Trust 3.190%, 03/18/26 (144A)		1,039,036		1,040,349
3.660%, 02/20/29 (144A)		1,785,000		1,790,499
3.850%, 03/18/26 (144A)		450,000		452,358
6.000%, 02/20/29 (144A)		1,000,000		1,020,250

BHFTI-195

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed - Other—(Continued)
Oportun Funding IV LLC 3.230%, 06/08/23 (144A)		1,187,000	$	1,166,849
4.850%, 11/08/21 (144A)		1,085,492		1,087,884
Oportun Funding IX LLC 3.910%, 07/08/24 (144A)		4,465,000		4,447,148
Oportun Funding LLC 3.280%, 11/08/21 (144A)		2,250,000		2,251,168
3.970%, 06/08/23 (144A) (a)		2,500,000		2,466,285
Oportun Funding VII LLC 3.220%, 10/10/23 (144A)		988,000		972,819
Progress Residential Trust 4.040%, 08/17/35 (144A)		3,286,000		3,270,235
4.656%, 08/17/35 (144A)		2,568,000		2,556,996
Prosper Marketplace Issuance Trust 2.360%, 11/15/23 (144A)		1,128,939		1,125,813
2.410%, 09/15/23 (144A)		376,138		375,722
2.560%, 06/15/23 (144A)		111,096		111,071
Purchasing Power Funding LLC 3.340%, 08/15/22 (144A)		5,950,000		5,916,043
Renew Financial 3.670%, 09/20/52 (144A)		789,123		776,782
Rice Park Financing Trust 4.625%, 10/31/41 (144A) (h)		3,267,075		3,262,305
SoFi Consumer Loan Program LLC 3.090%, 10/27/25 (144A)		477,744		476,308
SOL S.p.A. 4.160%, 02/09/30		2,641,983		2,606,617
SpringCastle America Funding LLC 3.050%, 04/25/29 (144A)		1,985,106		1,976,364
Springleaf Funding Trust 3.160%, 11/15/24 (144A)		973,784		973,825
3.620%, 11/15/24 (144A)		725,000		722,970
SPS Servicer Advance Receivables Trust 2.530%, 11/16/48 (144A)		2,525,000		2,526,838
Tricon American Homes Trust 2.589%, 11/17/33 (144A)		1,215,773		1,172,180
Upstart Securitization Trust 2.639%, 06/20/24 (144A)		323,828		323,332
Vericrest Opportunity Loan Trust LLC 3.125%, 06/25/47 (144A)		1,135,867		1,126,413
3.250%, 05/25/47 (144A)		609,452		606,053
3.250%, 06/25/47 (144A) (j)		875,832		870,013
3.260%, 01/27/23 (k)		2,395,125		2,364,793
3.375%, 10/25/47 (144A) (j)		4,148,855		4,123,545
3.500%, 03/25/47 (144A)		1,435,802		1,429,050
4.115%, 09/25/48 (144A) (j)		1,990,000		1,989,283
4.213%, 08/25/48 (144A)		1,844,000		1,840,417
4.336%, 05/25/48 (144A) (j)		2,392,159		2,386,891
4.336%, 07/27/48 (144A)		2,564,676		2,561,213
4.375%, 06/25/48 (144A)		2,976,643		2,973,316
Verizon Owner Trust 1.420%, 01/20/21 (144A)		196,370		195,446
1.920%, 12/20/21 (144A)		3,648,000		3,600,517
2.060%, 04/20/22 (144A)		3,275,000		3,224,911
2.820%, 09/20/22 (144A)		6,251,000		6,209,220

Security Description	Principal Amount*		Value
Asset-Backed - Other—(Continued)
VM DEBT LLC 6.500%, 10/02/24 (144A) (h)		3,036,828	$	3,036,828
VSE VOI Mortgage LLC 3.560%, 02/20/36 (144A)		1,880,701		1,875,430
				154,258,873
Asset-Backed - Student Loan—0.0%
Academic Loan Funding Trust 3.016%, 1M LIBOR + 0.800%, 12/26/44 (144A) (a)		908,748		905,865
Total Asset-Backed Securities (Cost $280,409,981)				277,775,866
Mortgage-Backed Securities—3.8%
Collateralized Mortgage Obligations—1.5%
ACRE TL 6.196%, 12/15/20 (k)		3,800,000		3,800,000
Banc of America Funding Trust 4.228%, 05/20/34 (a)		800,977		815,866
Bear Stearns ALT-A Trust 2.856%, 1M LIBOR + 0.640%, 07/25/34 (a)		1,016,900		1,012,788
Global Mortgage Securitization, Ltd. 2.536%, 1M LIBOR + 0.320%, 11/25/32 (144A) (a)		410,470		389,687
HarborView Mortgage Loan Trust 3.713%, 05/19/34 (a)		906,238		928,208
Headlands Residential LLC 3.875%, 08/25/22 (144A)		3,600,000		3,564,000
4.250%, 06/25/23 (144A)		4,450,000		4,411,484
Impac CMB Trust 2.956%, 1M LIBOR + 0.740%, 11/25/34 (a)		2,481,359		2,477,554
JPMorgan Mortgage Trust 4.484%, 08/25/34 (a)		152,909		154,471
MASTR Asset Securitization Trust 5.500%, 12/25/33		356,131		361,479
Merrill Lynch Mortgage Investors Trust 2.676%, 1M LIBOR + 0.460%, 04/25/29 (a)		438,005		431,989
2.716%, 1M LIBOR + 0.500%, 05/25/29 (a)		1,143,200		1,119,247
2.836%, 1M LIBOR + 0.620%, 10/25/28 (a)		536,375		532,487
2.856%, 1M LIBOR + 0.640%, 10/25/28 (a)		920,015		911,180
3.178%, 6M LIBOR + 0.680%, 01/25/29 (a)		675,565		675,097
Sequoia Mortgage Trust 2.765%, 1M LIBOR + 0.600%, 12/20/34 (a)		1,226,157		1,208,052
2.805%, 1M LIBOR + 0.640%, 01/20/34 (a)		685,866		675,261
2.825%, 1M LIBOR + 0.660%, 07/20/33 (a)		868,599		859,887
2.845%, 1M LIBOR + 0.680%, 10/20/34 (a)		1,325,484		1,296,407
2.925%, 1M LIBOR + 0.760%, 04/20/33 (a)		627,192		615,665
Structured Asset Mortgage Investments Trust 3.068%, 1M LIBOR + 0.900%, 05/19/33 (a)		1,252,207		1,237,757
Structured Asset Mortgage Investments Trust II 2.868%, 1M LIBOR + 0.700%, 01/19/34 (a)		1,105,635		1,080,006
2.868%, 1M LIBOR + 0.700%, 03/19/34 (a)		1,194,211		1,179,296
Structured Asset Securities Corp. Mortgage Loan Trust 2.816%, 1M LIBOR + 0.600%, 10/25/27 (a)		218,450		215,915

BHFTI-196

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Mortgage-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Collateralized Mortgage Obligations—(Continued)
Structured Asset Securities Corp. Mortgage Pass-Through Certificates 4.133%, 11/25/33 (a)		605,760	$	608,769
Thornburg Mortgage Securities Trust 2.856%, 1M LIBOR + 0.640%, 09/25/43 (a)		602,099		599,552
3.249%, 12/25/44 (a)		903,355		909,386
3.573%, 04/25/45 (a)		2,009,906		2,024,603
Wells Fargo Mortgage-Backed Securities Trust 4.385%, 03/25/35 (a)		1,044,146		1,075,415
				35,171,508
Commercial Mortgage-Backed Securities—2.3%
Arivo Funding, LLC 5.165%, 09/15/19		1,979,392		1,979,392
BAMLL Commercial Mortgage Securities Trust 4.354%, 08/15/46 (144A) (a)		1,200,000		1,128,002
BAMLL Re-REMIC Trust 0.893%, 09/27/44 (144A) (a)		140,528		140,139
BB-UBS Trust 2.892%, 06/05/30 (144A)		240,000		235,262
3.430%, 11/05/36 (144A)		2,950,000		2,894,132
BXMT, Ltd. 4.108%, 1M LIBOR + 1.950%, 06/15/35 (144A) (a)		2,200,000		2,212,357
4.858%, 1M LIBOR + 2.700%, 06/15/35 (144A) (a)		1,860,000		1,876,253
Commercial Mortgage Pass-Through Certificates Mortgage Trust 0.250%, 07/10/45 (144A) (a) (b)		119,970,091		1,199,269
2.933%, 1M LIBOR + 0.800%, 08/13/27 (144A) (a)		990,000		990,000
2.983%, 1M LIBOR + 0.850%, 02/13/32 (144A) (a)		2,605,000		2,607,441
3.748%, 1M LIBOR + 1.600%, 02/13/32 (144A) (a)		1,000,000		1,001,874
Commercial Mortgage Trust 3.086%, 04/12/35 (144A) (a)		1,871,000		1,827,378
3.815%, 04/10/33 (144A) (a)		4,450,000		4,410,420
4.353%, 08/10/30 (144A)		3,000,000		3,108,736
Credit Suisse Mortgage Capital Certificates 4.373%, 09/15/37 (144A)		1,000,000		948,917
GS Mortgage Securities Corp. II 2.706%, 12/10/27 (144A)		243,827		242,630
GS Mortgage Securities Corp. Trust 3.551%, 04/10/34 (144A)		3,500,000		3,511,519
GS Mortgage Securities Trust 5.558%, 08/10/44 (144A) (a)		258,000		253,147
Independence Plaza Trust 3.763%, 07/10/35 (144A)		2,935,000		2,910,967
Ladder Capital Commercial Mortgage Trust 3.985%, 02/15/36 (144A)		768,000		767,752
Morgan Stanley Bank of America Merrill Lynch Trust 3.669%, 02/15/47		3,000,000		3,017,449
Morgan Stanley Re-REMIC Trust 0.250%, 07/27/49 (144A)		287,541		270,375
RBS Commercial Funding, Inc. Trust 3.260%, 03/11/31 (144A)		531,000		518,382
RR Trust Zero Coupon, 04/26/48 (144A) (d)		8,830,000		5,995,894
UBS-Barclays Commercial Mortgage Trust 3.244%, 04/10/46		2,228,000		2,206,039

Security Description	Principal Amount*		Value
Commercial Mortgage-Backed Securities—(Continued)
VNDO Mortgage Trust 2.996%, 11/15/30 (144A)		1,400,000	$	1,377,963
3.808%, 12/13/29 (144A)		2,500,000		2,521,892
Wells Fargo Commercial Mortgage Trust 2.800%, 03/18/28 (144A) (a)		1,000,000		989,715
2.819%, 08/15/50		1,104,002		1,102,924
WF-RBS Commercial Mortgage Trust 4.412%, 03/15/45 (144A) (a)		300,000		292,724
				52,538,944
Total Mortgage-Backed Securities (Cost $87,879,535)				87,710,452
Foreign Government—0.9%
Electric—0.1%
Hydro-Quebec 8.050%, 07/07/24		1,100,000		1,346,344
9.400%, 02/01/21		845,000		958,973
				2,305,317
Provincial—0.0%
Province of Quebec Canada 7.125%, 02/09/24		200,000		234,729
Sovereign—0.8%
Colombia Government International Bonds 4.000%, 02/26/24		923,000		923,000
5.000%, 06/15/45		749,000		747,128
5.625%, 02/26/44		200,000		215,000
7.375%, 09/18/37		200,000		252,000
Israel Government AID Bonds Zero Coupon, 11/01/24		8,960,000		7,366,650
Zero Coupon, 08/15/25		2,500,000		1,986,416
Mexico Government International Bonds 3.600%, 01/30/25		537,000		521,427
3.750%, 01/11/28 (c)		5,037,000		4,797,742
4.125%, 01/21/26		189,000		187,248
4.350%, 01/15/47		228,000		206,684
4.600%, 01/23/46		222,000		207,015
4.600%, 02/10/48		200,000		188,000
5.550%, 01/21/45		737,000		783,063
5.750%, 10/12/10 (c)		500,000		504,375
Panama Government International Bond 4.500%, 04/16/50 (e)		350,000		347,029
Republic of South Africa Government Bond 5.875%, 09/16/25		384,000		390,182
				19,622,959
Total Foreign Government (Cost $23,451,914)				22,163,005

BHFTI-197

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Short-Term Investment—0.5%

Security Description	Principal Amount*		Value
Repurchase Agreement—0.5%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $11,075,336; collateralized by U.S. Treasury Notes with rates ranging from 2.125% - 2.250%, maturity dates ranging from 09/30/24 - 10/31/24, and an aggregate market value of $11,298,490.		11,074,414	$	11,074,414
Total Short-Term Investments (Cost $11,074,414)				11,074,414
Securities Lending Reinvestments (i)—4.1%
Certificates of Deposit—2.3%
Banco Santander S.A. 2.340%, 11/07/18		2,500,000		2,500,205
Bank of Nova Scotia 2.618%, 3M LIBOR + 0.280%, 03/20/19 (a)		3,000,000		3,002,862
Barclays Bank plc 2.304%, 1M LIBOR + 0.200%, 02/04/19 (a)		3,500,000		3,499,290
Canadian Imperial Bank of Commerce 2.459%, 3M LIBOR + 0.120%, 01/14/19 (a)		2,000,000		2,000,594
Commonwealth Bank of Australia 2.358%, 1M LIBOR + 0.210%, 09/13/19 (a)		1,000,000		1,000,000
2.487%, 3M LIBOR + 0.140%, 04/23/19 (a)		1,000,000		1,000,358
Cooperative Rabobank UA 2.479%, 3M LIBOR + 0.140%, 10/16/18 (a)		3,500,000		3,500,262
Credit Industriel et Commercial Zero Coupon, 01/25/19		1,974,456		1,984,060
Credit Industriel et Commercial (NY) 2.364%, 1M LIBOR + 0.250%, 02/05/19 (a)		1,000,000		1,000,473
Landesbank Baden-Wuettertemberg 2.180%, 10/02/18		2,000,000		2,000,004
Natixis S.A. New York 2.431%, 3M LIBOR + 0.090%, 05/10/19 (a)		3,000,000		2,999,763
Royal Bank of Canada New York 2.381%, 1M LIBOR + 0.250%, 01/11/19 (a)		5,000,000		5,001,650
Societe Generale 2.504%, 1M LIBOR + 0.400%, 10/02/18 (a)		1,000,000		999,983
Standard Chartered plc 2.396%, 1M LIBOR + 0.180%, 02/25/19 (a)		2,000,000		1,999,766
2.551%, 1M LIBOR + 0.420%, 10/11/18 (a)		2,000,000		2,000,100
Sumitomo Mitsui Banking Corp. 2.321%, 1M LIBOR + 0.190%, 04/11/19 (a)		1,000,000		999,953
Sumitomo Mitsui Banking Corp., New York 2.290%, 1M LIBOR + 0.180%, 03/05/19 (a)		3,000,000		2,999,649
Sumitomo Mitsui Trust Bank, Ltd. 2.290%, 1M LIBOR + 0.170%, 12/06/18 (a)		1,500,000		1,500,078
Sumitomo Mitsui Trust Bank, Ltd., London 2.528%, 1M LIBOR + 0.310%, 11/26/18 (a)		3,000,000		3,000,000
Svenska Handelsbanken AB 2.439%, 3M LIBOR + 0.100%, 04/30/19 (a)		2,000,000		2,000,238
Toronto-Dominion Bank 2.378%, 1M LIBOR + 0.210%, 09/17/19 (a)		2,500,000		2,500,000
Wells Fargo Bank N.A. 2.473%, 3M LIBOR + 0.140%, 07/11/19 (a)		4,000,000		4,000,456

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Westpac Banking Corp. 2.630%, FEDEFF PRV + 0.450%, 02/15/19 (a)		2,000,000	$	2,001,062
				53,490,806
Commercial Paper—0.6%
Bank of China, Ltd. 2.510%, 11/02/18		1,987,311		1,995,600
2.550%, 10/19/18		1,987,675		1,997,432
ING Funding LLC 2.448%, 3M LIBOR + 0.110%, 05/10/19 (a)		3,000,000		3,000,309
Sheffield Receivables Co. 2.510%, SOFR + 0.350%, 11/28/18 (a)		500,000		500,137
Sinopec Century Bright Capital Investment, Ltd. 2.400%, 11/01/18		994,000		997,834
UBS AG 2.534%, 1M LIBOR + 0.430%, 02/01/19 (a)		4,000,000		4,003,692
Westpac Banking Corp. 2.408%, 3M LIBOR + 0.070%, 08/07/19 (a)		1,000,000		1,000,000
				13,495,004
Repurchase Agreements—1.1%
Citigroup Global Markets, Inc. Repurchase Agreement dated 07/25/18 at 2.570%, due on 11/02/18 with a maturity value of $2,517,847; collateralized by various Common Stock with an aggregate market value of $2,750,000.		2,500,000		2,500,000
Repurchase Agreement dated 01/25/17 at 2.720%, due on 12/31/18 with a maturity value of $1,579,900; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 2.220%, maturity dates ranging from 11/01/18 - 04/30/20, and an aggregate market value of $1,530,000.		1,500,000		1,500,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $600,112; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.625% - 2.875%, maturity dates ranging from 01/15/19 - 02/15/43, and an aggregate market value of $612,000.		600,000		600,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $300,056; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 1.750% - 2.875%, maturity dates ranging from 10/15/20 - 05/15/27, and an aggregate market value of $306,000.		300,000		300,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $500,093; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.375% - 3.125%, maturity dates ranging from 12/17/18 - 02/15/43, and an aggregate market value of $510,000.		500,000		500,000
Deutsche Bank AG, London Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $305,653; collateralized by various Common Stock with an aggregate market value of $333,997.		300,000		300,000

BHFTI-198

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (i)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $301,190; collateralized by various Common Stock with an aggregate market value of $333,374.		300,000	$	300,000
Macquarie Bank, Ltd., London Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $1,290,455; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 5.500%, maturity dates ranging from 08/31/19 - 05/15/48, and an aggregate market value of $1,315,020.		1,290,219		1,290,219
Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 10/26/16 at 2.720%, due on 12/31/18 with a maturity value of $2,650,356; collateralized by various Common Stock with an aggregate market value of $2,750,000.		2,500,000		2,500,000
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $2,501,201; collateralized by various Common Stock with an aggregate market value of $2,750,536.		2,500,000		2,500,000
NBC Global Finance, Ltd. Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $611,895; collateralized by various Common Stock with an aggregate market value of $667,593.		600,000		600,000
Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $607,761; collateralized by various Common Stock with an aggregate market value of $667,593.		600,000		600,000
Repurchase Agreement dated 07/18/18 at 2.370%, due on 10/05/18 with a maturity value of $2,010,402; collateralized by various Common Stock with an aggregate market value of $2,225,488.		2,000,000		2,000,000
Repurchase Agreement dated 07/19/18 at 2.370%, due on 10/05/18 with a maturity value of $2,010,270; collateralized by various Common Stock with an aggregate market value of $2,225,488.		2,000,000		2,000,000
Societe Generale Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $911,204; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $999,584.		900,000		900,000
Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $910,799; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $999,584.		900,000		900,000
Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $709,298; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $777,454.		700,000		700,000

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Societe Generale Repurchase Agreement dated 03/16/18 at 2.310%, due on 10/01/18 with a maturity value of $911,492; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $999,584.		900,000	$	900,000
Repurchase Agreement dated 04/18/18 at 2.340%, due on 10/05/18 with a maturity value of $2,022,100; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,221,297.		2,000,000		2,000,000
Repurchase Agreement dated 07/10/18 at 2.340%, due on 10/05/18 with a maturity value of $1,910,745; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,110,232.		1,900,000		1,900,000
				24,790,219
Time Deposits—0.1%
DZ Bank AG 2.150%, 10/01/18		1,000,000		1,000,000
Nordea Bank New York 2.140%, 10/01/18		1,000,000		1,000,000
Svenska Handelsbanken AB 2.140%, 10/01/18		1,000,000		1,000,000
				3,000,000
Total Securities Lending Reinvestments (Cost $94,764,948)				94,776,029
Total Investments—103.9% (Cost $2,484,810,327)				2,415,114,879
Other assets and liabilities (net)—(3.9)%				(90,274,390	)
Net Assets—100.0%			$	2,324,840,489

*	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, 2018. 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)	All or a portion of the security was held on loan. As of September 30, 2018, the market value of securities loaned was $90,478,054 and the collateral received consisted of cash in the amount of $94,733,661. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(d)	Principal only security.

BHFTI-199

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

(e)	Principal amount of security is adjusted for inflation.
(f)	Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3.
(g)	Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2018, these securities represent less than 0.05% of net assets.
(h)	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, 2018, the market value of restricted securities was $22,916,688, which is 1.0% of net assets. See details shown in the Restricted Securities table that follows.
(i)	Represents investment of cash collateral received from securities on loan as of September 30, 2018.
(j)	Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.
(k)	Illiquid security. As of September 30, 2018, these securities represent 0.3% of net assets.
(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, 2018, the market value of 144A securities was $389,489,444, which is 16.8% of net assets.
(ACES)—	Alternative Credit Enhancement Securities
(ARM)—	Adjustable-Rate Mortgage
(CLO)—	Collateralized Loan Obligation
(CMO)—	Collateralized Mortgage Obligation
(CMT)—	U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index
(FEDEFF PRV)—	Effective Federal Funds Rate
(ICE)—	Intercontinental Exchange, Inc.
(LIBOR)—	London Interbank Offered Rate
(REMIC)—	Real Estate Mortgage Investment Conduit
(SOFR)—	Secured Overnight Financing Rate

Restricted Securities	Acquisition Date		Principal Amount		Cost		Value
Camillo, 5.000%, 12/05/23		11/17/16	$	3,519,320	$	3,520,311	$	3,511,623
Conix Mortgage Asset Trust, 4.704%, 12/25/47		05/16/13		1,078,519		1,078,519		115,725
DT Asset Trust, 5.840%, 12/16/22		12/21/17		2,000,000		2,000,000		1,997,825
Goodgreen Trust, 5.000%, 10/20/51		12/21/17		3,646,087		3,598,013		3,573,165
LV Tower 52 Issuer LLC, 5.750%, 07/15/19		08/03/15-02/10/17		2,028,101		2,025,839		2,028,101
LV Tower 52 Issuer LLC, 7.750%, 07/15/19		08/03/15-02/10/17		1,093,320		1,092,589		1,093,320
Rice Park Financing Trust, 4.625%, 10/31/41		11/30/16		3,267,075		3,256,808		3,262,305
Tricolor Auto Securitization Trust, 5.050%, 12/15/20		03/09/18		2,958,253		2,954,555		2,957,898
USASF Receivables LLC, 5.750%, 09/15/30		09/06/17		1,339,898		1,336,548		1,339,898
VM DEBT LLC, 6.500%, 10/02/24		03/23/17		3,036,828		3,029,840		3,036,828
							$	22,916,688

BHFTI-200

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2		Level 3		Total
Total U.S. Treasury & Government Agencies*	$	—	$	1,340,811,270	$	—	$	1,340,811,270
Corporate Bonds & Notes
Aerospace/Defense		—		6,658,532		88,639		6,747,171
Agriculture		—		901,883		—		901,883
Airlines		—		11,383,717		—		11,383,717
Auto Manufacturers		—		14,171,495		—		14,171,495
Banks		—		156,239,779		—		156,239,779
Beverages		—		12,915,154		—		12,915,154
Biotechnology		—		3,885,281		—		3,885,281
Building Materials		—		3,067,538		—		3,067,538
Chemicals		—		8,882,709		—		8,882,709
Commercial Services		—		6,325,460		—		6,325,460
Computers		—		14,807,881		—		14,807,881
Cosmetics/Personal Care		—		1,015,986		—		1,015,986
Distribution/Wholesale		—		197,398		—		197,398
Diversified Financial Services		—		31,299,402		—		31,299,402
Electric		—		44,002,887		—		44,002,887
Electronics		—		764,903		—		764,903
Engineering & Construction		—		185,640		—		185,640
Environmental Control		—		665,173		—		665,173
Food		—		6,203,637		—		6,203,637
Forest Products & Paper		—		1,183,214		—		1,183,214
Gas		—		6,427,209		—		6,427,209
Healthcare-Products		—		4,298,968		—		4,298,968
Healthcare-Services		—		5,378,557		—		5,378,557
Holding Companies-Diversified		—		1,128,062		—		1,128,062
Household Products/Wares		—		572,226		—		572,226
Housewares		—		527,938		—		527,938
Insurance		—		27,754,071		—		27,754,071
Internet		—		4,780,095		—		4,780,095
Iron/Steel		—		2,408,909		—		2,408,909
Machinery-Construction & Mining		—		2,532,824		—		2,532,824
Machinery-Diversified		—		1,586,587		—		1,586,587
Media		—		24,433,040		—		24,433,040
Mining		—		2,678,205		—		2,678,205
Miscellaneous Manufacturing		—		4,860,522		—		4,860,522
Multi-National		—		1,338,172		—		1,338,172
Oil & Gas		—		33,529,940		—		33,529,940
Oil & Gas Services		—		3,290,217		—		3,290,217
Packaging & Containers		—		294,725		—		294,725
Pharmaceuticals		—		20,752,972		—		20,752,972

BHFTI-201

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1		Level 2			Level 3		Total
Pipelines	$	—	$	24,593,974		$	—	$	24,593,974
Real Estate		—		1,745,646			—		1,745,646
Real Estate Investment Trusts		—		23,820,447			—		23,820,447
Retail		—		5,958,588			—		5,958,588
Semiconductors		—		4,209,510			—		4,209,510
Software		—		12,539,702			—		12,539,702
Telecommunications		—		23,868,456			—		23,868,456
Transportation		—		7,009,418			—		7,009,418
Trucking & Leasing		—		2,185,060			—		2,185,060
Water		—		1,453,495			—		1,453,495
Total Corporate Bonds & Notes		—		580,715,204			88,639		580,803,843
Asset-Backed Securities
Asset-Backed - Automobile		—		117,392,722			—		117,392,722
Asset-Backed - Credit Card		—		5,121,417			—		5,121,417
Asset-Backed - Home Equity		—		96,989			—		96,989
Asset-Backed - Other		—		154,143,148			115,725		154,258,873
Asset-Backed - Student Loan		—		905,865			—		905,865
Total Asset-Backed Securities		—		277,660,141			115,725		277,775,866
Total Mortgage-Backed Securities*		—		87,710,452			—		87,710,452
Total Foreign Government*		—		22,163,005			—		22,163,005
Total Short-Term Investment*		—		11,074,414			—		11,074,414
Total Securities Lending Reinvestments*		—		94,776,029			—		94,776,029
Total Investments	$	—	$	2,414,910,515		$	204,364	$	2,415,114,879
Collateral for Securities Loaned (Liability)	$	—	$	(94,733,661	)	$	—	$	(94,733,661	)

* 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, 2018 is not presented.

BHFTI-202

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—37.8% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—0.5%
Airbus SE		16,785	$	2,104,425
Boeing Co. (The)		5,104		1,898,178
Dassault Aviation S.A.		413		763,278
General Dynamics Corp.		6,552		1,341,325
Harris Corp.		956		161,765
Northrop Grumman Corp.		3,248		1,030,818
Thales S.A.		9,130		1,296,063
United Technologies Corp.		12,922		1,806,625
				10,402,477
Air Freight & Logistics—0.1%
Deutsche Post AG		31,698		1,130,348
Yamato Holdings Co., Ltd.		39,600		1,215,947
				2,346,295
Airlines—0.4%
Delta Air Lines, Inc.		41,256		2,385,835
Deutsche Lufthansa AG		44,497		1,093,264
International Consolidated Airlines Group S.A.		190,541		1,637,509
Japan Airlines Co., Ltd.		30,100		1,081,997
Qantas Airways, Ltd.		323,449		1,373,387
Ryanair Holdings plc (ADR) (a) (b)		12,534		1,203,765
Southwest Airlines Co. (b)		7,189		448,953
United Continental Holdings, Inc. (a)		2,090		186,136
				9,410,846
Auto Components—0.5%
Aptiv plc		3,352		281,233
Bridgestone Corp.		68,300		2,581,111
Cie Generale des Etablissements Michelin		8,844		1,055,906
Cie Plastic Omnium S.A.		6,132		231,063
Delphi Technologies plc		5,618		176,180
Faurecia S.A.		23,452		1,408,264
FCC Co., Ltd.		4,000		120,251
Garrett Motion, Inc. (a)		810		14,987
Koito Manufacturing Co., Ltd.		11,800		773,917
Magna International, Inc.		9,889		519,469
NGK Spark Plug Co., Ltd.		40,900		1,191,819
Sumitomo Electric Industries, Ltd.		67,900		1,065,208
Toyota Boshoku Corp.		16,400		306,225
TS Tech Co., Ltd.		11,100		382,942
				10,108,575
Automobiles—0.8%
Astra International Tbk PT		2,119,100		1,044,667
Daimler AG		33,826		2,130,811
Fiat Chrysler Automobiles NV (a)		92,382		1,619,995
Ford Motor Co. (b)		43,789		405,048
Honda Motor Co., Ltd.		61,500		1,861,896
Mahindra & Mahindra, Ltd. (GDR)		152,300		1,781,910
Peugeot S.A.		51,554		1,386,827
Renault S.A.		19,431		1,678,501
Tesla, Inc. (a) (b)		674		178,455
Toyota Motor Corp.		94,400		5,856,744
				17,944,854
Banks—3.7%
ABN AMRO Group NV		61,021		1,661,154
Australia & New Zealand Banking Group, Ltd.		103,686		2,107,565
Banco Santander Chile (ADR)		30,340		970,273
Banco Santander S.A.		183,374		916,499
Bank Central Asia Tbk PT		686,600		1,111,945
Bank of America Corp.		175,559		5,171,968
Bank Rakyat Indonesia Persero Tbk PT		6,453,500		1,363,570
Bankia S.A.		288,244		1,122,499
BNP Paribas S.A.		38,946		2,380,214
BOC Hong Kong Holdings, Ltd.		581,500		2,746,132
Capitec Bank Holdings, Ltd.		11,210		811,375
Citigroup, Inc.		41,550		2,980,797
Citizens Financial Group, Inc.		18,213		702,475
Comerica, Inc.		4,776		430,795
Commonwealth Bank of Australia		6,833		352,593
Credicorp, Ltd.		7,050		1,572,714
DBS Group Holdings, Ltd.		209,500		3,987,373
DNB ASA		44,153		928,962
East West Bancorp, Inc.		9,704		585,831
Erste Group Bank AG (a)		18,216		755,565
Fifth Third Bancorp (b)		13,111		366,059
First Republic Bank		6,096		585,216
Grupo Financiero Banorte S.A.B. de C.V. - Class O		123,340		892,261
Hang Seng Bank, Ltd.		47,000		1,269,554
HDFC Bank, Ltd. (ADR)		65,106		6,126,475
HSBC Holdings plc		361,045		3,151,693
Huntington Bancshares, Inc.		9,185		137,040
ING Groep NV		110,943		1,438,322
Israel Discount Bank, Ltd. - Class A		63,967		213,125
Itau Unibanco Holding S.A. (ADR) (b)		169,280		1,858,694
Jyske Bank A/S		12,851		622,125
KBC Group NV		17,118		1,272,614
KeyCorp		61,324		1,219,734
Lloyds Banking Group plc		951,969		734,622
M&T Bank Corp.		5,387		886,377
Mitsubishi UFJ Financial Group, Inc.		571,000		3,554,262
National Australia Bank, Ltd.		9,717		195,285
Oversea-Chinese Banking Corp., Ltd.		234,300		1,959,246
PNC Financial Services Group, Inc. (The)		6,903		940,120
Public Bank Bhd		154,600		933,735
Regions Financial Corp.		11,078		203,281
Sberbank of Russia PJSC		71,260		220,738
Sberbank of Russia PJSC (ADR)		163,220		2,052,492
Siam Commercial Bank PCL (The)		289,800		1,335,195
Standard Chartered plc		210,396		1,742,412
Sumitomo Mitsui Financial Group, Inc.		70,700		2,853,543
SunTrust Banks, Inc.		27,317		1,824,502
Svenska Handelsbanken AB - A Shares		147,446		1,860,416
Swedbank AB - A Shares		26,406		653,951
U.S. Bancorp		11,425		603,354
UniCredit S.p.A.		9,725		145,806
United Overseas Bank, Ltd.		106,600		2,106,559
Wells Fargo & Co.		74,323		3,906,417
Westpac Banking Corp.		20,892		420,758
				80,946,282

BHFTI-203

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Beverages—0.9%
Ambev S.A. (ADR)		265,640	$	1,213,975
Anheuser-Busch InBev S.A.		29,981		2,623,910
Asahi Group Holdings, Ltd.		16,000		693,631
Coca-Cola Co. (The)		40,035		1,849,217
Constellation Brands, Inc. - Class A		1,425		307,258
Diageo plc		16,514		584,833
Fomento Economico Mexicano S.A.B. de C.V. (ADR)		12,200		1,207,434
Heineken NV		6,973		652,926
Keurig Dr Pepper, Inc.		7,934		183,831
Kirin Holdings Co., Ltd.		51,500		1,319,640
Molson Coors Brewing Co. - Class B		22,961		1,412,101
PepsiCo, Inc.		20,077		2,244,609
Pernod-Ricard S.A.		20,721		3,399,233
Royal Unibrew A/S		9,431		776,356
Tsingtao Brewery Co., Ltd. - Class H		158,000		738,561
				19,207,515
Biotechnology—0.4%
AbbVie, Inc.		6,608		624,985
Alexion Pharmaceuticals, Inc. (a)		3,861		536,718
Amgen, Inc.		2,925		606,323
Biogen, Inc. (a)		3,743		1,322,439
Celgene Corp. (a)		6,592		589,918
CSL, Ltd.		5,655		817,674
Exact Sciences Corp. (a)		6,207		489,856
Exelixis, Inc. (a)		9,435		167,188
Gilead Sciences, Inc.		14,649		1,131,049
Intercept Pharmaceuticals, Inc. (a)		2,621		331,190
Sage Therapeutics, Inc. (a)		1,338		188,993
Spark Therapeutics, Inc. (a) (b)		3,803		207,454
Vertex Pharmaceuticals, Inc. (a)		7,477		1,441,117
				8,454,904
Building Products—0.2%
Daikin Industries, Ltd.		15,700		2,090,435
Fortune Brands Home & Security, Inc.		6,105		319,658
Lennox International, Inc. (b)		3,690		805,896
Masco Corp.		19,811		725,082
				3,941,071
Capital Markets—1.2%
3i Group plc		237,834		2,914,627
Ameriprise Financial, Inc.		955		141,015
Bank of New York Mellon Corp. (The)		5,814		296,456
BlackRock, Inc.		882		415,713
Charles Schwab Corp. (The)		44,402		2,182,358
CME Group, Inc.		1,209		205,784
Credit Suisse Group AG (a)		97,341		1,460,809
Deutsche Bank AG		27,018		308,119
Deutsche Boerse AG		8,655		1,159,642
Euronext NV		11,555		759,396
Flow Traders		6,872		201,891
Goldman Sachs Group, Inc. (The)		3,365		754,568
IG Group Holdings plc		34,269		283,094
Intercontinental Exchange, Inc.		10,381		777,433
Capital Markets—(Continued)
Invesco, Ltd.		9,562		218,779
Julius Baer Group, Ltd. (a)		8,776		438,623
Macquarie Group, Ltd.		26,853		2,431,291
Morgan Stanley		50,744		2,363,148
Nasdaq, Inc. (b)		5,256		450,965
Northern Trust Corp.		3,934		401,779
Partners Group Holding AG		2,296		1,819,861
S&P Global, Inc.		4,807		939,240
SBI Holdings, Inc.		20,600		640,221
State Street Corp.		9,061		759,131
T. Rowe Price Group, Inc.		16,047		1,752,011
TD Ameritrade Holding Corp.		13,288		702,005
Tokai Tokyo Financial Holdings, Inc.		27,300		157,176
UBS Group AG (a)		74,255		1,171,077
				26,106,212
Chemicals—0.9%
AdvanSix, Inc. (a)		5,252		178,305
Air Liquide S.A.		21,376		2,807,697
Akzo Nobel NV		16,840		1,574,510
Arkema S.A.		6,001		742,400
Asahi Kasei Corp.		52,500		796,329
BASF SE		7,703		684,571
Celanese Corp.		4,207		479,598
Chr Hansen Holding A/S		9,128		925,528
Covestro AG		20,327		1,647,798
Daicel Corp.		101,600		1,180,633
DowDuPont, Inc.		35,722		2,297,282
Eastman Chemical Co.		9,736		931,930
Evonik Industries AG		19,203		687,821
KH Neochem Co., Ltd.		9,000		350,435
Linde AG		840		198,653
Mitsubishi Chemical Holdings Corp.		71,800		687,190
Mitsubishi Gas Chemical Co., Inc.		19,200		408,748
Sumitomo Bakelite Co., Ltd.		6,600		296,816
Tokai Carbon Co., Ltd. (b)		48,000		942,928
Tokuyama Corp.		14,100		388,832
Toray Industries, Inc.		147,400		1,107,447
Ube Industries, Ltd.		3,000		81,605
				19,397,056
Commercial Services & Supplies—0.1%
Copart, Inc. (a)		11,995		618,102
Waste Connections, Inc.		20,256		1,615,821
				2,233,923
Communications Equipment—0.2%
Arista Networks, Inc. (a)		1,672		444,518
Cisco Systems, Inc.		27,319		1,329,069
CommScope Holding Co., Inc. (a)		12,385		380,963
Motorola Solutions, Inc.		874		113,742
Nokia Oyj		144,128		799,343
Palo Alto Networks, Inc. (a)		3,652		822,650
				3,890,285

BHFTI-204

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Construction & Engineering—0.3%
ACS Actividades de Construccion y Servicios S.A.		39,772	$	1,685,347
CIMIC Group, Ltd.		19,411		718,380
Eiffage S.A.		12,564		1,401,861
Kumagai Gumi Co., Ltd.		4,900		135,625
Kyowa Exeo Corp.		11,300		330,673
Shimizu Corp.		81,400		743,070
Taisei Corp.		22,200		1,012,270
Vinci S.A.		17,689		1,682,762
				7,709,988
Construction Materials—0.2%
CRH plc		23,120		755,816
CSR, Ltd.		87,653		238,152
Eagle Materials, Inc.		3,084		262,880
Ibstock plc		51,746		158,695
LafargeHolcim, Ltd. (a)		31,838		1,570,001
Martin Marietta Materials, Inc.		3,481		633,368
Siam Cement PCL (The)		64,500		889,518
				4,508,430
Consumer Finance—0.2%
Ally Financial, Inc.		8,845		233,950
American Express Co.		8,901		947,867
Capital One Financial Corp.		27,421		2,603,076
				3,784,893
Containers & Packaging—0.1%
Avery Dennison Corp.		2,564		277,809
Ball Corp. (b)		20,129		885,475
Graphic Packaging Holding Co.		21,074		295,247
Packaging Corp. of America		2,686		294,627
WestRock Co.		19,908		1,063,884
				2,817,042
Distributors—0.0%
Genuine Parts Co.		3,087		306,848
LKQ Corp. (a)		14,067		445,502
				752,350
Diversified Consumer Services—0.0%
H&R Block, Inc.		3,494		89,971
Diversified Financial Services—0.4%
Berkshire Hathaway, Inc. - Class B (a)		16,385		3,508,192
EXOR NV		15,762		1,056,371
FirstRand, Ltd.		422,210		2,022,884
Mitsubishi UFJ Lease & Finance Co., Ltd.		56,600		333,247
ORIX Corp.		61,900		1,003,479
Plus500, Ltd.		23,822		413,755
Voya Financial, Inc.		3,408		169,275
				8,507,203
Diversified Telecommunication Services—0.5%
AT&T, Inc.		26,709		896,888
Diversified Telecommunication Services—(Continued)
Deutsche Telekom AG		82,935		1,336,487
Nippon Telegraph & Telephone Corp.		55,800		2,520,640
Sunrise Communications Group AG (a)		5,184		468,957
Telecom Italia S.p.A. (a)		887,751		537,998
Telefonica S.A.		88,371		696,455
Telenor ASA		84,899		1,659,566
Verizon Communications, Inc.		48,915		2,611,572
				10,728,563
Electric Utilities—0.7%
American Electric Power Co., Inc.		9,219		653,443
CLP Holdings, Ltd.		144,500		1,691,122
Duke Energy Corp.		3,749		299,995
Edison International		4,755		321,818
Endesa S.A.		12,384		267,387
Enel S.p.A.		413,688		2,113,939
Eversource Energy		5,101		313,405
Exelon Corp.		28,064		1,225,274
Iberdrola S.A.		338,596		2,480,599
Kansai Electric Power Co., Inc. (The)		63,800		961,433
Kyushu Electric Power Co., Inc.		40,100		483,899
NextEra Energy, Inc.		15,272		2,559,587
Verbund AG		5,381		264,861
Xcel Energy, Inc.		32,164		1,518,462
				15,155,224
Electrical Equipment—0.3%
Eaton Corp. plc		17,407		1,509,709
Fuji Electric Co., Ltd.		22,000		881,232
Mabuchi Motor Co., Ltd.		33,300		1,344,131
Schneider Electric SE		25,576		2,057,656
				5,792,728
Electronic Equipment, Instruments & Components—0.3%
Amphenol Corp. - Class A		5,359		503,853
Arrow Electronics, Inc. (a)		6,123		451,388
Corning, Inc. (b)		20,157		711,542
Delta Electronics, Inc.		249,867		1,071,337
Hitachi, Ltd.		58,200		1,977,728
Japan Aviation Electronics Industry, Ltd.		12,000		202,194
Jenoptik AG		10,557		388,919
Keyence Corp.		700		406,100
Largan Precision Co., Ltd.		6,000		714,544
TE Connectivity, Ltd.		9,553		839,995
V Technology Co., Ltd. (b)		1,200		180,027
				7,447,627
Energy Equipment & Services—0.0%
Apergy Corp. (a)		2,580		112,385
Entertainment—0.4%
Capcom Co., Ltd.		32,700		828,271
Electronic Arts, Inc. (a)		11,625		1,400,696
Netflix, Inc. (a)		5,525		2,067,068
Nintendo Co., Ltd.		1,800		656,987

BHFTI-205

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Entertainment—(Continued)
Spotify Technology S.A. (a)		2,628	$	475,221
Take-Two Interactive Software, Inc. (a)		3,018		416,454
Twenty-First Century Fox, Inc. - Class A		4,477		207,419
Walt Disney Co. (The) (b)		20,987		2,454,220
				8,506,336
Equity Real Estate Investment Trusts—0.5%
American Homes 4 Rent Trust - Class A		16,085		352,101
AvalonBay Communities, Inc.		4,794		868,433
Brixmor Property Group, Inc.		24,704		432,567
Corepoint Lodging, Inc.		8,837		171,880
Dexus		135,362		1,032,968
Digital Realty Trust, Inc.		1,335		150,161
EastGroup Properties, Inc.		2,796		267,353
Equinix, Inc.		760		328,996
Equity Residential		10,998		728,727
Federal Realty Investment Trust		5,653		714,935
Goodman Group		204,562		1,536,593
Kimco Realty Corp. (b)		22,096		369,887
Mid-America Apartment Communities, Inc.		5,484		549,387
Outfront Media, Inc.		16,810		335,359
Prologis, Inc.		16,586		1,124,365
Public Storage		2,524		508,914
Rayonier, Inc.		10,081		340,839
Ventas, Inc.		5,347		290,770
Vornado Realty Trust		8,043		587,139
Weyerhaeuser Co.		7,006		226,084
				10,917,458
Food & Staples Retailing—0.7%
Bid Corp., Ltd. (b)		75,189		1,566,938
Koninklijke Ahold Delhaize NV		88,840		2,037,037
Kroger Co. (The)		10,163		295,845
Magnit PJSC (GDR)		9,171		130,274
Metcash, Ltd.		173,942		376,526
President Chain Store Corp.		162,000		1,901,613
Raia Drogasil S.A.		32,320		579,648
Seven & i Holdings Co., Ltd.		43,400		1,933,043
Shoprite Holdings, Ltd.		66,080		894,756
Tesco plc		657,057		2,052,469
Wal-Mart de Mexico S.A.B. de C.V.		303,410		920,412
Walgreens Boots Alliance, Inc.		9,777		712,743
Wesfarmers, Ltd.		30,949		1,114,926
				14,516,230
Food Products—0.6%
Austevoll Seafood ASA		15,897		219,145
Leroy Seafood Group ASA		46,230		377,263
Marine Harvest ASA		83,197		1,927,341
Mondelez International, Inc. - Class A		41,258		1,772,444
Nestle S.A.		75,398		6,281,112
Post Holdings, Inc. (a) (b)		5,592		548,240
Salmar ASA		18,165		906,727
Tiger Brands, Ltd.		27,870		520,726
				12,552,998

Security Description	Shares		Value
Gas Utilities—0.0%
Tokyo Gas Co., Ltd.		21,900	$	538,322
Health Care Equipment & Supplies—0.4%
Abbott Laboratories		4,165		305,545
Becton Dickinson & Co.		2,922		762,642
Boston Scientific Corp. (a)		49,332		1,899,282
Danaher Corp.		5,120		556,339
DexCom, Inc. (a)		2,316		331,281
Intuitive Surgical, Inc. (a)		1,820		1,044,680
Koninklijke Philips NV		13,086		595,993
Medtronic plc		21,628		2,127,546
Olympus Corp.		5,600		218,630
William Demant Holding A/S (a)		11,566		434,335
Zimmer Biomet Holdings, Inc.		10,790		1,418,561
				9,694,834
Health Care Providers & Services—0.6%
Acadia Healthcare Co., Inc. (a)		10,368		364,954
Aetna, Inc.		2,016		408,946
Alfresa Holdings Corp.		15,100		404,086
AmerisourceBergen Corp.		7,341		676,987
Centene Corp. (a)		4,090		592,150
Cigna Corp.		8,841		1,841,138
CVS Health Corp.		18,395		1,448,054
HCA Healthcare, Inc.		2,286		318,028
Medipal Holdings Corp.		9,900		206,629
Ship Healthcare Holdings, Inc.		3,600		139,197
UnitedHealth Group, Inc.		25,492		6,781,892
				13,182,061
Health Care Technology—0.1%
Evolent Health, Inc. - Class A (a)		14,656		416,230
Teladoc Health, Inc. (a) (b)		5,402		466,463
Veeva Systems, Inc. - Class A (a)		4,829		525,733
				1,408,426
Hotels, Restaurants & Leisure—0.5%
Aristocrat Leisure, Ltd.		81,703		1,670,355
Brinker International, Inc. (b)		6,704		313,278
Hilton Worldwide Holdings, Inc.		20,127		1,625,859
InterContinental Hotels Group plc		18,075		1,125,076
J.D. Wetherspoon plc		9,777		166,385
Sands China, Ltd.		620,400		2,777,630
Sodexo S.A.		14,870		1,575,013
Whitbread plc		8,822		542,073
Yum! Brands, Inc.		7,574		688,552
				10,484,221
Household Durables—0.5%
Barratt Developments plc		304,864		2,251,586
Berkeley Group Holdings plc		16,087		770,916
Bovis Homes Group plc		22,867		319,401
Haseko Corp.		36,700		474,503
Lennar Corp. - Class A		10,633		496,455
Panasonic Corp.		98,800		1,151,133

BHFTI-206

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Household Durables—(Continued)
Persimmon plc		53,103	$	1,635,418
Redrow plc		128,386		975,179
Sony Corp.		51,200		3,139,976
Taylor Wimpey plc		296,824		663,377
Toll Brothers, Inc.		3,014		99,552
				11,977,496
Household Products—0.1%
Clorox Co. (The)		1,540		231,631
Energizer Holdings, Inc.		6,662		390,726
Procter & Gamble Co. (The)		16,955		1,411,165
Unicharm Corp.		11,700		386,448
Unilever Indonesia Tbk PT		160,000		504,825
				2,924,795
Independent Power and Renewable Electricity Producers—0.0%
Electric Power Development Co., Ltd.		13,900		384,677
ERG S.p.A.		14,345		292,133
				676,810
Industrial Conglomerates—0.4%
Bidvest Group, Ltd. (The)		66,959		875,087
Carlisle Cos., Inc.		2,796		340,553
CK Hutchison Holdings, Ltd.		110,000		1,261,251
Honeywell International, Inc.		19,511		3,219,315
Jardine Matheson Holdings, Ltd.		29,800		1,869,776
KOC Holding A/S		111,570		315,259
Nolato AB - B Shares		3,323		204,867
Rheinmetall AG		5,214		545,072
Siemens AG		9,788		1,253,294
				9,884,474
Insurance—2.1%
Ageas		33,964		1,825,447
AIA Group, Ltd.		788,200		7,042,352
Alleghany Corp.		342		223,165
Allianz SE		15,435		3,438,419
American International Group, Inc.		38,819		2,066,724
ASR Nederland NV		37,491		1,787,027
Assicurazioni Generali S.p.A.		74,466		1,283,926
Aviva plc		176,099		1,121,925
AXA S.A.		80,201		2,153,241
Chubb, Ltd. (b)		5,031		672,343
Everest Re Group, Ltd.		1,184		270,508
Fairfax Financial Holdings, Ltd.		549		298,116
Hartford Financial Services Group, Inc. (The)		25,742		1,286,070
HDFC Standard Life Insurance Co., Ltd.		183,650		992,324
Legal & General Group plc		526,112		1,795,811
Lincoln National Corp.		10,023		678,156
Loews Corp.		19,919		1,000,531
Marsh & McLennan Cos., Inc.		7,915		654,729
Ping An Insurance Group Co. of China, Ltd. - Class H		410,000		4,166,494
Principal Financial Group, Inc.		4,126		241,742
Progressive Corp. (The)		11,541		819,873
Prudential Financial, Inc.		10,086		1,021,913

Security Description	Shares		Value
Insurance—(Continued)
Prudential plc		94,756	$	2,172,860
Sampo Oyj - A Shares		15,146		783,631
Sanlam, Ltd.		138,230		771,880
Sompo Holdings, Inc.		23,000		979,519
Swiss Re AG		14,343		1,322,743
T&D Holdings, Inc.		80,700		1,331,657
Tokio Marine Holdings, Inc.		29,400		1,458,864
Topdanmark A/S		7,467		340,843
Travelers Cos., Inc. (The)		4,827		626,110
Unum Group		5,314		207,618
Zurich Insurance Group AG		2,035		642,589
				45,479,150
Interactive Media & Services—1.1%
Alphabet, Inc. - Class A (a)		3,138		3,787,817
Alphabet, Inc. - Class C (a)		5,841		6,971,058
Baidu, Inc. (ADR) (a)		9,740		2,227,343
Facebook, Inc. - Class A (a)		19,283		3,171,282
NAVER Corp.		1,650		1,063,005
Tencent Holdings, Ltd.		150,200		6,206,596
				23,427,101
Internet & Direct Marketing Retail—0.9%
Alibaba Group Holding, Ltd. (ADR) (a) (b)		26,514		4,368,447
Amazon.com, Inc. (a)		6,067		12,152,201
Booking Holdings, Inc. (a)		172		341,248
Expedia Group, Inc. (b)		7,371		961,768
JD.com, Inc. (ADR) (a)		40,030		1,044,383
MercadoLibre, Inc. (b)		4,210		1,433,379
Wayfair, Inc. - Class A (a) (b)		2,653		391,768
				20,693,194
IT Services—1.4%
Accenture plc - Class A (b)		3,186		542,257
Alliance Data Systems Corp.		1,746		412,335
Amadeus IT Group S.A.		14,370		1,333,470
Automatic Data Processing, Inc.		10,804		1,627,731
CANCOM SE		12,168		549,405
Capgemini SE		24,599		3,095,869
Cielo S.A.		139,107		421,949
Computacenter plc		10,007		165,123
Computershare, Ltd.		79,927		1,148,197
Fidelity National Information Services, Inc.		10,008		1,091,572
First Data Corp. - Class A (a)		8,388		205,254
Fujitsu, Ltd.		13,700		976,898
Gartner, Inc. (a)		3,637		576,464
Global Payments, Inc.		6,798		866,065
GoDaddy, Inc. - Class A (a)		9,376		781,865
Infosys, Ltd. (ADR) (b)		274,440		2,791,055
MasterCard, Inc. - Class A		9,667		2,151,971
Nihon Unisys, Ltd.		9,600		247,770
Nomura Research Institute, Ltd.		17,200		868,088
Otsuka Corp.		25,100		936,843
PayPal Holdings, Inc. (a)		21,467		1,885,661
Sopra Steria Group		2,254		361,192

BHFTI-207

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
IT Services—(Continued)
Square, Inc. - Class A (a)		4,033	$	399,307
Tata Consultancy Services, Ltd.		116,160		3,497,082
Visa, Inc. - Class A (b)		29,641		4,448,818
Worldpay, Inc. - Class A (a)		6,381		646,204
				32,028,445
Life Sciences Tools & Services—0.1%
Agilent Technologies, Inc.		2,795		197,159
Gerresheimer AG		2,858		241,376
Illumina, Inc. (a) (b)		3,330		1,222,310
Thermo Fisher Scientific, Inc.		3,369		822,305
				2,483,150
Machinery—0.8%
Alstom S.A. (b)		31,520		1,407,385
Cargotec Oyj - B Shares		14,482		650,456
Caterpillar, Inc.		6,482		988,440
Cummins, Inc.		3,261		476,334
Deere & Co.		6,936		1,042,689
DMG Mori Co., Ltd. (b)		72,900		1,218,309
Dover Corp.		5,165		457,257
Georg Fischer AG		617		697,072
Illinois Tool Works, Inc. (b)		2,522		355,905
Ingersoll-Rand plc		6,549		669,963
Middleby Corp. (The) (a) (b)		1,436		185,747
Nordson Corp.		2,314		321,415
Norma Group SE		2,981		190,431
Oshkosh Corp.		6,985		497,611
PACCAR, Inc.		11,703		798,028
Parker-Hannifin Corp.		2,338		430,028
Sandvik AB		103,900		1,844,049
Snap-on, Inc. (b)		4,012		736,603
Stabilus S.A.		2,168		179,043
Stanley Black & Decker, Inc.		12,392		1,814,684
Volvo AB - B Shares		87,602		1,547,094
WABCO Holdings, Inc. (a)		2,814		331,883
Wartsila Oyj Abp		50,885		991,897
WEG S.A.		145,602		712,048
				18,544,371
Marine—0.0%
DFDS A/S		7,717		381,779
Media—0.5%
CBS Corp. - Class B		6,318		362,969
Charter Communications, Inc. - Class A (a) (b)		6,595		2,149,179
Comcast Corp. - Class A		47,891		1,695,820
Discovery, Inc. - Class A (a) (b)		4,136		132,352
DISH Network Corp. - Class A (a)		31,617		1,130,624
Entercom Communications Corp. - Class A (b)		32,908		259,973
I-CABLE Communications, Ltd. (a)		26,899		603
ITV plc		562,447		1,156,153
JCDecaux S.A.		28,460		1,040,787
Nexstar Media Group, Inc. - Class A (b)		6,212		505,657
Nine Entertainment Co. Holdings, Ltd.		168,676		274,925

Security Description	Shares		Value
Media—(Continued)
Pearson plc		121,508	$	1,406,889
Sirius XM Holdings, Inc. (b)		30,099		190,226
				10,306,157
Metals & Mining—0.8%
Anglo American plc		17,431		390,446
ArcelorMittal		92,716		2,874,885
BHP Billiton, Ltd.		106,824		2,659,129
BlueScope Steel, Ltd.		124,874		1,528,135
Evraz plc		70,542		519,986
Freeport-McMoRan, Inc.		16,798		233,828
Newmont Mining Corp.		4,096		123,699
Northern Star Resources, Ltd.		51,520		308,826
Outokumpu Oyj		166,913		979,448
Regis Resources, Ltd.		110,406		296,316
Rio Tinto plc		62,160		3,136,104
Rio Tinto, Ltd.		30,986		1,755,118
South32, Ltd.		705,472		1,990,595
St. Barbara, Ltd.		100,593		253,321
Vale S.A. (ADR)		85,575		1,269,933
				18,319,769
Multi-Utilities—0.2%
A2A S.p.A.		486,703		844,232
Ameren Corp.		8,338		527,128
NiSource, Inc.		7,511		187,174
Public Service Enterprise Group, Inc.		12,045		635,856
RWE AG		68,996		1,701,927
Sempra Energy		5,620		639,275
				4,535,592
Multiline Retail—0.3%
Dollar General Corp.		9,877		1,079,556
Dollar Tree, Inc. (a)		8,755		713,970
Kohl’s Corp. (b)		7,506		559,572
Lojas Renner S.A.		136,130		1,044,937
Macy’s, Inc.		5,534		192,196
Marui Group Co., Ltd. (b)		70,200		1,732,735
Next plc		22,740		1,627,140
Nordstrom, Inc. (b)		9,594		573,817
				7,523,923
Oil, Gas & Consumable Fuels—2.3%
BP plc		292,659		2,245,378
Chevron Corp.		23,324		2,852,059
CNOOC, Ltd.		394,000		778,409
Concho Resources, Inc. (a) (b)		6,966		1,064,056
ConocoPhillips		9,549		739,093
Cosmo Energy Holdings Co., Ltd.		8,100		332,484
Diamondback Energy, Inc.		9,910		1,339,733
Eni S.p.A.		117,499		2,216,067
EOG Resources, Inc. (b)		20,449		2,608,679
EQT Corp. (b)		9,366		414,258
Exxon Mobil Corp.		24,751		2,104,330
Galp Energia SGPS S.A.		49,657		984,669

BHFTI-208

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Oil, Gas & Consumable Fuels—(Continued)
Idemitsu Kosan Co., Ltd.		18,000	$	952,078
JXTG Holdings, Inc.		170,600		1,286,689
Kinder Morgan, Inc.		35,953		637,447
Lundin Petroleum AB		29,340		1,119,901
Marathon Petroleum Corp.		25,297		2,023,001
Neste Oyj		23,051		1,903,458
Occidental Petroleum Corp.		29,948		2,460,827
Oil Search, Ltd.		106,590		692,574
OMV AG		26,219		1,471,825
ONEOK, Inc.		7,961		539,676
PBF Energy, Inc. - Class A (b)		3,829		191,105
Phillips 66		3,691		416,049
Pioneer Natural Resources Co.		8,109		1,412,507
Repsol S.A.		35,060		698,675
Royal Dutch Shell plc - A Shares		69,900		2,399,534
Royal Dutch Shell plc - B Shares		204,412		7,153,517
Showa Shell Sekiyu KK		48,200		1,021,343
Total S.A.		56,996		3,679,916
Ultrapar Participacoes S.A.		66,190		611,822
Whitehaven Coal, Ltd.		314,780		1,233,503
Williams Cos., Inc. (The)		16,942		460,653
				50,045,315
Paper & Forest Products—0.2%
OJI Holdings Corp.		99,000		718,817
Stora Enso Oyj - R Shares		64,932		1,240,138
UPM-Kymmene Oyj		56,664		2,220,125
				4,179,080
Personal Products—0.3%
Coty, Inc. - Class A (b)		21,523		270,329
Estee Lauder Cos., Inc. (The) - Class A		6,663		968,267
Kao Corp.		22,100		1,784,729
L’Oreal S.A.		5,026		1,210,186
Oriflame Holding AG		5,606		143,418
Unilever NV		23,025		1,282,127
Unilever plc		6,175		339,137
				5,998,193
Pharmaceuticals—2.4%
Allergan plc		7,540		1,436,219
Astellas Pharma, Inc.		86,700		1,512,591
AstraZeneca plc		9,394		731,852
Bayer AG		13,310		1,182,372
Bristol-Myers Squibb Co.		15,311		950,507
Catalent, Inc. (a)		7,540		343,447
Eli Lilly & Co.		12,374		1,327,854
Galenica AG (a)		4,815		274,095
GlaxoSmithKline plc		251,012		5,029,006
Jazz Pharmaceuticals plc (a)		3,309		556,342
Johnson & Johnson		25,138		3,473,318
Kaken Pharmaceutical Co., Ltd.		3,100		164,766
Kyowa Hakko Kirin Co., Ltd.		26,500		497,155
Merck & Co., Inc. (b)		36,987		2,623,858
Mylan NV (a)		6,945		254,187

Security Description	Shares		Value
Pharmaceuticals—(Continued)
Novartis AG		79,376	$	6,838,912
Novo Nordisk A/S - Class B		105,698		4,975,628
Otsuka Holdings Co., Ltd.		31,700		1,598,110
Pfizer, Inc.		106,022		4,672,390
Revance Therapeutics, Inc. (a)		7,872		195,619
Roche Holding AG		32,545		7,875,216
Sanofi		34,327		3,061,959
Sumitomo Dainippon Pharma Co., Ltd. (b)		14,200		326,053
Teva Pharmaceutical Industries, Ltd. (ADR)		24,867		535,635
TherapeuticsMD, Inc. (a) (b)		40,601		266,343
UCB S.A.		16,703		1,499,139
Zoetis, Inc.		1,132		103,646
				52,306,219
Professional Services—0.1%
Adecco Group AG		19,785		1,037,783
Intertrust NV		8,578		158,828
Wolters Kluwer NV		30,805		1,919,708
				3,116,319
Real Estate Management & Development—0.2%
Aroundtown S.A.		56,145		498,999
CBRE Group, Inc. - Class A (a)		22,055		972,625
CK Asset Holdings, Ltd.		111,000		828,315
Fabege AB		59,426		823,015
Hemfosa Fastigheter AB		6,049		83,493
Kerry Properties, Ltd.		50,000		169,623
Nomura Real Estate Holdings, Inc.		21,300		430,032
Open House Co., Ltd.		10,000		492,472
Tokyu Fudosan Holdings Corp.		46,200		322,027
				4,620,601
Road & Rail—0.5%
Central Japan Railway Co.		12,200		2,540,415
National Express Group plc		19,677		100,245
Norfolk Southern Corp.		10,264		1,852,652
Old Dominion Freight Line, Inc.		2,609		420,727
Sankyu, Inc.		5,900		334,048
Tokyu Corp.		81,200		1,485,013
Union Pacific Corp.		14,612		2,379,272
West Japan Railway Co.		16,900		1,178,299
				10,290,671
Semiconductors & Semiconductor Equipment—1.1%
Analog Devices, Inc.		23,443		2,167,540
Applied Materials, Inc.		12,158		469,907
ASML Holding NV		8,400		1,568,550
Broadcom, Inc.		4,848		1,196,147
Infineon Technologies AG		41,248		937,172
Intel Corp.		8,128		384,373
Marvell Technology Group, Ltd.		17,499		337,731
Microchip Technology, Inc. (b)		13,945		1,100,400
Micron Technology, Inc. (a) (b)		3,950		178,658
NVIDIA Corp.		12,419		3,489,987
QUALCOMM, Inc. (b)		5,660		407,690

BHFTI-209

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Semiconductors & Semiconductor Equipment—(Continued)
Renesas Electronics Corp. (a)		177,700	$	1,110,674
Siltronic AG		10,362		1,268,648
Skyworks Solutions, Inc.		2,321		210,538
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)		153,050		6,758,688
Texas Instruments, Inc.		23,439		2,514,770
Tokyo Electron, Ltd.		3,700		507,863
				24,609,336
Software—1.2%
Adobe Systems, Inc. (a)		6,061		1,636,167
Citrix Systems, Inc. (a)		2,019		224,432
DocuSign, Inc. (a) (b)		4,800		252,336
Intuit, Inc.		1,164		264,694
Microsoft Corp.		108,994		12,465,644
Oracle Corp.		31,292		1,613,416
Red Hat, Inc. (a)		2,861		389,897
SailPoint Technologies Holding, Inc. (a)		9,450		321,489
Salesforce.com, Inc. (a)		22,030		3,503,431
SAP SE		27,030		3,326,619
ServiceNow, Inc. (a)		4,415		863,706
Software AG		8,444		384,980
Splunk, Inc. (a)		4,595		555,581
Workday, Inc. - Class A (a)		3,687		538,228
				26,340,620
Specialty Retail—0.7%
Advance Auto Parts, Inc.		1,908		321,174
AutoZone, Inc. (a)		2,435		1,888,829
Best Buy Co., Inc.		14,989		1,189,527
Dixons Carphone plc		306,977		677,031
Home Depot, Inc. (The)		13,752		2,848,727
Industria de Diseno Textil S.A.		60,677		1,834,742
K’s Holdings Corp.		29,700		359,495
Lowe’s Cos., Inc.		7,188		825,326
Mr. Price Group, Ltd.		27,840		448,657
Murphy USA, Inc. (a)		4,603		393,372
O’Reilly Automotive, Inc. (a)		3,014		1,046,822
Ross Stores, Inc.		20,562		2,037,694
Tiffany & Co.		2,708		349,251
Tractor Supply Co.		4,200		381,696
				14,602,343
Technology Hardware, Storage & Peripherals—1.0%
Apple, Inc.		56,023		12,646,632
Brother Industries, Ltd.		39,900		787,978
FUJIFILM Holdings Corp.		27,300		1,229,229
Hewlett Packard Enterprise Co.		67,439		1,099,930
HP, Inc.		35,797		922,489
Samsung Electronics Co., Ltd. (GDR)		4,620		4,837,140
				21,523,398
Textiles, Apparel & Luxury Goods—0.3%
adidas AG		4,484		1,097,977
Burberry Group plc		44,271		1,162,606
Textiles, Apparel & Luxury Goods—(Continued)
Cie Financiere Richemont S.A.		14,380		1,170,717
Columbia Sportswear Co.		3,279		305,176
Hugo Boss AG		14,397		1,108,581
lululemon athletica, Inc. (a)		3,095		502,907
NIKE, Inc. - Class B		5,062		428,853
PVH Corp.		5,612		810,373
Ralph Lauren Corp.		1,982		272,624
Swatch Group AG (The) - Bearer Shares		2,389		948,932
				7,808,746
Thrifts & Mortgage Finance—0.2%
Aareal Bank AG		18,607		777,923
Housing Development Finance Corp., Ltd.		180,280		4,350,990
				5,128,913
Tobacco—0.5%
Altria Group, Inc.		11,685		704,722
British American Tobacco plc		59,680		2,786,234
Imperial Brands plc		18,213		633,422
ITC, Ltd.		442,927		1,826,563
Japan Tobacco, Inc.		42,100		1,099,112
Philip Morris International, Inc.		21,807		1,778,143
Swedish Match AB		35,820		1,832,690
				10,660,886
Trading Companies & Distributors—0.6%
AerCap Holdings NV (a)		25,764		1,481,945
Brenntag AG		22,604		1,395,152
Fastenal Co. (b)		7,444		431,901
Ferguson plc		22,870		1,940,068
Howden Joinery Group plc		80,189		490,065
ITOCHU Corp.		73,000		1,336,628
Marubeni Corp.		141,200		1,292,726
Mitsubishi Corp.		99,600		3,069,606
Mitsui & Co., Ltd.		67,700		1,203,066
Sojitz Corp.		107,900		389,455
Sumitomo Corp.		67,800		1,130,446
United Rentals, Inc. (a)		540		88,344
				14,249,402
Wireless Telecommunication Services—0.3%
KDDI Corp.		80,200		2,215,957
NTT DoCoMo, Inc.		54,500		1,465,543
SoftBank Group Corp.		2,200		222,168
T-Mobile U.S., Inc. (a)		12,886		904,340
Vodafone Group plc		878,354		1,883,163
				6,691,171
Total Common Stocks (Cost $752,706,657)				834,955,004

BHFTI-210

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—20.2%

Security Description	Principal Amount*		Value
Advertising—0.1%
Interpublic Group of Cos., Inc. (The) 3.500%, 10/01/20		510,000	$	510,025
3.750%, 10/01/21		780,000		781,515
				1,291,540
Aerospace/Defense—0.4%
Harris Corp. 4.400%, 06/15/28		445,000		446,345
4.854%, 04/27/35		50,000		51,256
L3 Technologies, Inc. 4.400%, 06/15/28		805,000		802,204
Northrop Grumman Corp. 3.250%, 01/15/28		1,035,000		973,244
Rockwell Collins, Inc. 3.200%, 03/15/24		4,572,000		4,411,771
4.350%, 04/15/47		50,000		47,636
United Technologies Corp. 3.650%, 08/16/23 (b)		535,000		532,340
3.750%, 11/01/46		905,000		790,765
3.950%, 08/16/25		475,000		471,985
4.450%, 11/16/38		30,000		29,754
				8,557,300
Agriculture—0.4%
Altria Group, Inc. 3.875%, 09/16/46		1,495,000		1,311,586
BAT Capital Corp. 3.222%, 08/15/24 (144A)		200,000		190,575
3.557%, 08/15/27 (144A)		2,360,000		2,196,525
4.390%, 08/15/37 (144A)		360,000		334,531
BAT International Finance plc 2.750%, 06/15/20 (144A)		255,000		252,332
Philip Morris International, Inc. 2.125%, 05/10/23		3,765,000		3,535,393
3.875%, 08/21/42		650,000		583,979
Reynolds American, Inc. 4.450%, 06/12/25		737,000		742,124
				9,147,045
Airlines—0.2%
Air Canada Pass-Through Trust 3.300%, 01/15/30 (144A)		386,000		367,608
3.600%, 03/15/27 (144A)		522,566		506,210
3.750%, 12/15/27 (144A)		361,423		353,291
American Airlines Pass-Through Trust 3.000%, 10/15/28		155,316		144,759
3.200%, 06/15/28		368,800		351,038
3.600%, 09/22/27		176,322		171,846
3.650%, 02/15/29		186,598		181,773
3.700%, 10/01/26		160,801		156,926
4.950%, 01/15/23		382,513		391,938
Continental Airlines Pass-Through Trust 4.000%, 10/29/24		288,163		288,163
4.150%, 04/11/24		60,313		60,786
Airlines—(Continued)
U.S. Airways Pass-Through Trust 3.950%, 11/15/25		185,919		184,161
United Airlines Pass-Through Trust 3.500%, 03/01/30		707,000		681,624
4.000%, 04/11/26		832,907		841,602
				4,681,725
Auto Manufacturers—0.3%
Daimler Finance North America LLC 3.350%, 02/22/23 (144A)		605,000		595,006
Ford Motor Co. 4.750%, 01/15/43		455,000		379,147
7.450%, 07/16/31		67,000		74,629
Ford Motor Credit Co. LLC 3.815%, 11/02/27 (b)		1,250,000		1,117,594
General Motors Co. 5.000%, 04/01/35		355,000		331,489
5.200%, 04/01/45		695,000		630,539
6.600%, 04/01/36		60,000		63,910
General Motors Financial Co., Inc. 3.700%, 05/09/23		102,000		99,750
3.850%, 01/05/28		1,840,000		1,667,960
4.000%, 01/15/25		55,000		53,246
4.000%, 10/06/26		147,000		138,106
4.300%, 07/13/25		200,000		194,643
4.350%, 01/17/27		640,000		611,185
				5,957,204
Banks—7.0%
ABN AMRO Bank NV 2.450%, 06/04/20 (144A)		280,000		275,770
3.400%, 08/27/21 (144A)		2,285,000		2,275,949
ANZ New Zealand International, Ltd. 2.600%, 09/23/19 (144A)		250,000		249,138
2.875%, 01/25/22 (144A)		500,000		485,799
Australia & New Zealand Banking Group, Ltd. 4.400%, 05/19/26 (144A) (b)		895,000		878,181
6.750%, 5Y USD ICE Swap + 5.168%, 06/15/26 (144A) (c)		530,000		548,550
Banco Santander S.A. 4.379%, 04/12/28		400,000		378,146
Bank of America Corp. 2.151%, 11/09/20		710,000		694,791
2.503%, 10/21/22		4,452,000		4,262,223
3.248%, 10/21/27		2,250,000		2,092,202
3.419%, 3M LIBOR + 1.040%, 12/20/28 (b) (c)		1,220,000		1,144,335
3.550%, 3M LIBOR + 0.780%, 03/05/24 (c)		480,000		474,373
3.705%, 3M LIBOR + 1.512%, 04/24/28 (c)		1,900,000		1,827,862
3.864%, 3M LIBOR + 0.940%, 07/23/24 (c)		1,400,000		1,399,624
3.970%, 3M LIBOR + 1.070%, 03/05/29 (c)		570,000		556,037
4.244%, 3M LIBOR + 1.814%, 04/24/38 (c)		360,000		351,015
4.271%, 3M LIBOR + 1.310%, 07/23/29 (c)		1,025,000		1,022,830
4.450%, 03/03/26		167,000		167,114
5.875%, 3M LIBOR + 2.931%, 03/15/28 (c)		990,000		981,337

BHFTI-211

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
Bank of Montreal 3.803%, 5Y USD Swap + 1.432%, 12/15/32 (c)		1,215,000	$	1,135,223
Bank of New York Mellon Corp. (The) 2.661%, 3M LIBOR + 0.634%, 05/16/23 (c)		4,137,000		4,005,438
Bank of Nova Scotia (The) 2.450%, 03/22/21		355,000		347,615
2.500%, 01/08/21		400,000		392,993
3.125%, 04/20/21 (b)		3,660,000		3,640,924
Barclays plc 4.337%, 01/10/28		604,000		571,229
4.338%, 3M LIBOR + 1.356%, 05/16/24 (b) (c)		3,200,000		3,160,459
BPCE S.A. 2.750%, 01/11/23 (144A)		600,000		573,562
3.250%, 01/11/28 (144A)		1,340,000		1,229,635
3.375%, 12/02/26		250,000		233,623
3.574%, 3M LIBOR + 1.240%, 09/12/23 (144A) (c)		910,000		909,973
4.000%, 09/12/23 (144A)		250,000		246,642
Canadian Imperial Bank of Commerce 2.700%, 02/02/21		1,945,000		1,915,857
Capital One Financial Corp. 4.250%, 04/30/25		150,000		149,322
Capital One N.A. 2.650%, 08/08/22		2,703,000		2,597,452
Citigroup, Inc. 2.750%, 04/25/22		500,000		485,642
3.200%, 10/21/26		181,000		168,958
3.520%, 3M LIBOR + 1.151%, 10/27/28 (c)		2,580,000		2,423,944
3.887%, 3M LIBOR + 1.563%, 01/10/28 (c)		3,895,000		3,778,827
4.044%, 3M LIBOR + 1.023%, 06/01/24 (c)		3,765,000		3,778,844
4.125%, 07/25/28		74,000		71,449
4.400%, 06/10/25		230,000		229,495
4.450%, 09/29/27		265,000		261,786
Citizens Bank N.A. 3.700%, 03/29/23		2,575,000		2,556,417
Commonwealth Bank of Australia 2.500%, 09/18/22 (144A)		150,000		143,661
3.450%, 03/16/23 (144A)		1,175,000		1,163,473
3.900%, 03/16/28 (144A) (b)		150,000		148,575
Cooperative Rabobank UA 3.750%, 07/21/26		590,000		557,002
4.375%, 08/04/25		477,000		472,153
4.625%, 12/01/23		500,000		507,503
Credit Agricole S.A. 2.750%, 06/10/20 (144A)		330,000		326,285
3.750%, 04/24/23 (144A)		1,565,000		1,534,894
4.125%, 01/10/27 (144A)		61,000		58,993
Credit Suisse AG 3.625%, 09/09/24		1,000,000		985,265
Credit Suisse Group AG 3.574%, 01/09/23 (144A)		879,000		861,244
4.207%, 3M LIBOR + 1.240%, 06/12/24 (144A) (c)		2,250,000		2,241,724
4.282%, 01/09/28 (144A)		380,000		369,374
Danske Bank A/S 2.700%, 03/02/22 (144A)		200,000		191,683
3.875%, 09/12/23 (144A)		850,000		833,359
Banks—(Continued)
Discover Bank 3.100%, 06/04/20		895,000		889,333
3.450%, 07/27/26		625,000		581,264
4.250%, 03/13/26		940,000		925,344
4.650%, 09/13/28		420,000		420,781
Fifth Third Bank 3.850%, 03/15/26		965,000		941,425
3.950%, 07/28/25		1,470,000		1,467,620
Goldman Sachs Group, Inc. (The) 2.350%, 11/15/21		6,960,000		6,700,358
3.272%, 3M LIBOR + 1.201%, 09/29/25 (c)		200,000		191,029
3.500%, 11/16/26		1,195,000		1,133,458
3.691%, 3M LIBOR + 1.510%, 06/05/28 (b) (c)		179,000		170,278
3.850%, 01/26/27		4,270,000		4,140,410
4.017%, 3M LIBOR + 1.373%, 10/31/38 (c)		855,000		791,564
HSBC Bank plc 4.750%, 01/19/21 (144A)		500,000		514,206
HSBC Holdings plc 3.950%, 3M LIBOR + 0.987%, 05/18/24 (c)		4,200,000		4,171,504
4.292%, 3M LIBOR + 1.348%, 09/12/26 (c)		250,000		247,208
4.583%, 3M LIBOR + 1.535%, 06/19/29 (b) (c)		2,195,000		2,197,453
6.375%, 5Y USD ICE Swap + 4.368%, 03/30/25 (c)		355,000		351,894
Huntington Bancshares, Inc. 2.300%, 01/14/22		190,000		181,948
Huntington National Bank (The) 3.550%, 10/06/23		2,480,000		2,451,854
ING Bank NV 5.800%, 09/25/23 (144A)		360,000		379,494
Intesa Sanpaolo S.p.A. 3.875%, 07/14/27 (144A)		1,220,000		1,040,634
3.875%, 01/12/28 (144A)		400,000		338,767
KeyBank N.A. 3.400%, 05/20/26		455,000		431,249
Lloyds Banking Group plc 3.574%, 3M LIBOR + 1.205%, 11/07/28 (c)		1,430,000		1,309,321
3.750%, 01/11/27		444,000		417,116
4.375%, 03/22/28		283,000		275,899
Macquarie Bank, Ltd. 4.000%, 07/29/25 (144A)		200,000		198,518
Macquarie Group, Ltd. 3.189%, 3M LIBOR + 1.023%, 11/28/23 (144A) (c)		875,000		839,839
3.763%, 3M LIBOR + 1.372%, 11/28/28 (144A) (c)		638,000		592,155
6.000%, 01/14/20 (144A)		500,000		516,626
Mitsubishi UFJ Financial Group, Inc. 2.665%, 07/25/22		300,000		289,045
2.998%, 02/22/22		192,000		187,858
3.761%, 07/26/23		1,400,000		1,392,534
Morgan Stanley 3.125%, 01/23/23		300,000		292,207
3.528%, 3M LIBOR + 1.180%, 01/20/22 (c)		1,015,000		1,029,194
3.591%, 3M LIBOR + 1.340%, 07/22/28 (c)		1,965,000		1,863,341
3.737%, 3M LIBOR + 0.847%, 04/24/24 (b) (c)		4,975,000		4,939,755
3.772%, 3M LIBOR + 1.140%, 01/24/29 (c)		855,000		820,237
3.971%, 3M LIBOR + 1.455%, 07/22/38 (c)		790,000		736,581
4.350%, 09/08/26		500,000		495,766
5.500%, 01/26/20		100,000		102,986
6.250%, 08/09/26		525,000		589,861

BHFTI-212

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
MUFG Americas Holdings Corp. 3.000%, 02/10/25		145,000	$	137,668
National Australia Bank, Ltd. 2.800%, 01/10/22		350,000		341,269
Northern Trust Corp. 3.375%, 3M LIBOR + 1.131%, 05/08/32 (c)		105,000		97,828
PNC Bank N.A. 4.200%, 11/01/25		250,000		254,040
Regions Bank 3.374%, 3M LIBOR + 0.500%, 08/13/21 (c)		3,500,000		3,489,383
Royal Bank of Scotland Group plc 3.498%, 3M LIBOR + 1.480%, 05/15/23 (c)		1,110,000		1,075,379
4.519%, 3M LIBOR + 1.550%, 06/25/24 (c)		2,735,000		2,726,834
4.892%, 3M LIBOR + 1.754%, 05/18/29 (b) (c)		200,000		198,629
5.076%, 3M LIBOR + 1.905%, 01/27/30 (c)		1,020,000		1,021,533
Santander UK Group Holdings plc 3.373%, 3M LIBOR + 1.080%, 01/05/24 (c)		1,625,000		1,561,731
Skandinaviska Enskilda Banken AB 2.450%, 05/27/20 (144A)		535,000		527,855
Societe Generale S.A. 4.250%, 04/14/25 (144A)		350,000		337,465
Standard Chartered plc 4.247%, 3M LIBOR + 1.150%, 01/20/23 (144A) (c)		1,750,000		1,748,218
State Street Bank and Trust Co. 5.250%, 10/15/18		215,000		215,209
State Street Corp. 2.653%, 3M LIBOR + 0.635%, 05/15/23 (c)		484,000		468,600
Sumitomo Mitsui Financial Group, Inc. 2.778%, 10/18/22		745,000		716,276
2.784%, 07/12/22 (b)		450,000		435,516
2.846%, 01/11/22		200,000		195,084
3.102%, 01/17/23		1,398,000		1,360,147
SunTrust Banks, Inc. 3.300%, 05/15/26		945,000		889,040
3.502%, 3M LIBOR + 0.585%, 08/02/22 (c)		4,135,000		4,120,783
4.000%, 05/01/25		106,000		106,189
Swedbank AB 2.800%, 03/14/22 (144A)		500,000		487,635
Toronto-Dominion Bank (The) 3.625%, 5Y USD Swap + 2.205%, 09/15/31 (c)		100,000		93,912
UBS AG 2.450%, 12/01/20 (144A)		200,000		195,852
UBS Group Funding Switzerland AG 2.859%, 3M LIBOR + 0.954%, 08/15/23 (144A) (c)		1,776,000		1,703,770
3.491%, 05/23/23 (144A)		2,155,000		2,110,979
Wells Fargo & Co. 3.069%, 01/24/23		3,220,000		3,141,922
4.650%, 11/04/44		1,420,000		1,390,342
5.900%, 3M LIBOR + 3.110%, 06/15/24 (b) (c)		900,000		913,500
Wells Fargo Bank N.A. 3.325%, 3M LIBOR + 0.490%, 07/23/21 (c)		4,590,000		4,584,470
Westpac Banking Corp. 2.500%, 06/28/22		450,000		432,631
2.750%, 01/11/23 (b)		2,055,000		1,982,226
2.850%, 05/13/26		150,000		138,734
Banks—(Continued)
Westpac Banking Corp. 3.650%, 05/15/23 (b)		315,000		315,200
4.322%, 5Y USD ICE Swap + 2.236%, 11/23/31 (c)		1,335,000		1,285,678
				153,675,214
Beverages—0.3%
Anheuser-Busch InBev Finance, Inc. 3.650%, 02/01/26		1,065,000		1,033,423
4.700%, 02/01/36		1,250,000		1,250,184
Anheuser-Busch InBev Worldwide, Inc. 4.375%, 04/15/38		1,755,000		1,686,733
4.439%, 10/06/48		1,180,000		1,105,747
Constellation Brands, Inc. 4.100%, 02/15/48		160,000		140,437
Keurig Dr Pepper, Inc. 2.550%, 09/15/26		2,380,000		2,078,728
3.130%, 12/15/23		55,000		52,411
3.430%, 06/15/27		75,000		69,290
				7,416,953
Biotechnology—0.2%
Amgen, Inc. 4.400%, 05/01/45		1,175,000		1,135,632
Baxalta, Inc. 3.600%, 06/23/22		33,000		32,763
Celgene Corp. 4.350%, 11/15/47		1,030,000		920,613
4.550%, 02/20/48		120,000		111,487
Gilead Sciences, Inc. 3.700%, 04/01/24		170,000		170,527
4.000%, 09/01/36		805,000		774,551
4.600%, 09/01/35		345,000		355,339
				3,500,912
Building Materials—0.1%
Martin Marietta Materials, Inc. 3.450%, 06/01/27		208,000		190,958
4.250%, 12/15/47 (b)		610,000		520,112
Masco Corp. 3.500%, 11/15/27		765,000		700,858
4.500%, 05/15/47		255,000		218,750
6.500%, 08/15/32		150,000		164,317
Owens Corning 4.300%, 07/15/47		440,000		354,465
4.400%, 01/30/48		335,000		277,004
				2,426,464
Chemicals—0.1%
CF Industries, Inc. 4.500%, 12/01/26 (144A)		315,000		312,740
Dow Chemical Co. (The) 3.000%, 11/15/22		82,000		79,913
4.125%, 11/15/21		27,000		27,640
International Flavors & Fragrances, Inc. 4.450%, 09/26/28		36,000		36,301

BHFTI-213

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Chemicals—(Continued)
Mosaic Co. (The) 4.050%, 11/15/27 (b)		770,000	$	744,572
4.875%, 11/15/41		100,000		91,867
5.625%, 11/15/43		200,000		204,446
Nutrien, Ltd. 3.375%, 03/15/25		125,000		118,477
Sherwin-Williams Co. (The) 3.125%, 06/01/24		103,000		98,913
4.500%, 06/01/47		100,000		96,029
				1,810,898
Commercial Services—0.0%
Western Union Co. (The) 3.600%, 03/15/22		150,000		148,265
Computers—0.4%
Apple, Inc. 2.450%, 08/04/26		2,350,000		2,165,941
2.500%, 02/09/25		400,000		377,813
2.850%, 05/11/24		1,546,000		1,501,048
3.000%, 02/09/24		100,000		98,009
3.450%, 02/09/45		520,000		465,760
3.750%, 11/13/47 (b)		425,000		398,516
3.850%, 05/04/43		200,000		192,209
Dell International LLC / EMC Corp. 6.020%, 06/15/26 (144A)		2,372,000		2,526,053
DXC Technology Co. 4.250%, 04/15/24		60,000		60,136
IBM Credit LLC 3.000%, 02/06/23 (b)		1,195,000		1,174,477
				8,959,962
Cosmetics/Personal Care—0.0%
Unilever Capital Corp. 2.000%, 07/28/26		160,000		141,413
Diversified Financial Services—0.7%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust 3.500%, 01/15/25		2,555,000		2,406,736
Air Lease Corp. 3.250%, 03/01/25		820,000		766,187
3.625%, 12/01/27		130,000		119,567
4.625%, 10/01/28		565,000		556,543
Aircastle, Ltd. 4.400%, 09/25/23		35,000		34,997
American Express Co. 3.400%, 02/27/23		1,890,000		1,860,404
3.700%, 08/03/23		925,000		920,050
BOC Aviation, Ltd. 2.750%, 09/18/22 (144A)		220,000		208,808
Capital One Bank USA N.A. 3.375%, 02/15/23		1,415,000		1,376,426
GE Capital International Funding Co. 4.418%, 11/15/35		3,277,000		3,071,422
Diversified Financial Services—(Continued)
National Rural Utilities Cooperative Finance Corp. 2.700%, 02/15/23		285,000		276,184
2.850%, 01/27/25		1,870,000		1,782,906
2.950%, 02/07/24		87,000		84,189
ORIX Corp. 2.900%, 07/18/22		80,000		77,355
Synchrony Financial 3.950%, 12/01/27		1,020,000		924,153
				14,465,927
Electric—1.8%
AEP Texas, Inc. 3.950%, 06/01/28 (144A)		1,655,000		1,643,466
Avangrid, Inc. 3.150%, 12/01/24		72,000		68,610
Baltimore Gas & Electric Co. 2.800%, 08/15/22		70,000		68,111
3.350%, 07/01/23		565,000		559,143
Cleveland Electric Illuminating Co. (The) 3.500%, 04/01/28 (144A)		145,000		136,687
CMS Energy Corp. 3.875%, 03/01/24		70,000		69,653
Commonwealth Edison Co. 3.650%, 06/15/46		1,450,000		1,311,388
3.700%, 03/01/45		290,000		266,083
Consolidated Edison Co. of New York, Inc. 3.850%, 06/15/46		855,000		795,829
Dominion Energy, Inc. 2.850%, 08/15/26		1,213,000		1,103,766
Duke Energy Carolinas LLC 6.000%, 12/01/28		100,000		116,867
Duke Energy Corp. 2.650%, 09/01/26		1,310,000		1,183,818
Duke Energy Indiana LLC 3.750%, 05/15/46		1,298,000		1,185,090
Duke Energy Progress LLC 3.375%, 09/01/23		1,040,000		1,036,829
Duquesne Light Holdings, Inc. 3.616%, 08/01/27 (144A)		240,000		223,692
Edison International 2.950%, 03/15/23		850,000		814,406
4.125%, 03/15/28		100,000		98,919
EDP Finance B.V. 5.250%, 01/14/21 (144A) (b)		425,000		436,417
Electricite de France S.A. 4.500%, 09/21/28 (144A)		1,925,000		1,895,204
4.875%, 01/22/44 (144A)		165,000		161,369
Emera U.S. Finance L.P. 3.550%, 06/15/26		1,445,000		1,360,299
Enel Finance International NV 3.500%, 04/06/28 (144A)		1,905,000		1,675,991
3.625%, 05/25/27 (144A)		220,000		199,156
Entergy Corp. 2.950%, 09/01/26		1,400,000		1,285,548

BHFTI-214

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Electric—(Continued)
Entergy Louisiana LLC 2.400%, 10/01/26		645,000	$	580,856
4.200%, 09/01/48		495,000		490,987
Entergy Mississippi, Inc. 2.850%, 06/01/28		245,000		223,943
Fortis, Inc. 3.055%, 10/04/26		717,000		657,554
Gulf Power Co. 3.300%, 05/30/27		520,000		494,413
ITC Holdings Corp. 3.250%, 06/30/26		855,000		806,773
3.350%, 11/15/27		710,000		667,912
Jersey Central Power & Light Co. 4.300%, 01/15/26 (144A)		505,000		505,997
6.150%, 06/01/37		100,000		116,809
Kansas City Power & Light Co. 3.150%, 03/15/23		100,000		97,619
Metropolitan Edison Co. 3.500%, 03/15/23 (144A)		220,000		217,077
4.000%, 04/15/25 (144A)		230,000		227,677
Mid-Atlantic Interstate Transmission LLC 4.100%, 05/15/28 (144A)		140,000		138,655
New York State Electric & Gas Corp. 3.250%, 12/01/26 (144A)		770,000		731,900
Niagara Mohawk Power Corp. 4.278%, 10/01/34 (144A)		264,000		263,889
Oncor Electric Delivery Co. LLC 2.950%, 04/01/25		388,000		372,365
Pacific Gas & Electric Co. 2.950%, 03/01/26		435,000		395,602
3.300%, 12/01/27		465,000		424,872
3.500%, 06/15/25		560,000		534,107
3.950%, 12/01/47		160,000		138,704
4.250%, 03/15/46		205,000		187,566
6.050%, 03/01/34		130,000		146,331
PacifiCorp 4.125%, 01/15/49		920,000		901,913
Potomac Electric Power Co. 3.600%, 03/15/24		1,420,000		1,418,830
PPL Capital Funding, Inc. 3.100%, 05/15/26		1,215,000		1,129,301
PSEG Power LLC 3.850%, 06/01/23		570,000		567,799
Public Service Co. of New Hampshire 3.500%, 11/01/23		55,000		54,841
Public Service Co. of Oklahoma 6.625%, 11/15/37		100,000		125,724
Public Service Electric & Gas Co. 2.250%, 09/15/26		203,000		182,011
3.650%, 09/01/42		56,000		52,362
Rochester Gas & Electric Corp. 3.100%, 06/01/27 (144A)		383,000		361,310
San Diego Gas & Electric Co. 5.350%, 05/15/35		100,000		111,942
Sempra Energy 2.400%, 03/15/20		120,000		118,368
Electric—(Continued)
Sempra Energy 3.400%, 02/01/28		210,000		196,451
Sierra Pacific Power Co. 2.600%, 05/01/26		3,186,000		2,937,049
Southern California Edison Co. 3.400%, 06/01/23		620,000		613,913
3.500%, 10/01/23		239,000		237,458
3.700%, 08/01/25		975,000		968,244
4.125%, 03/01/48		935,000		892,212
4.650%, 10/01/43		200,000		207,370
Southwestern Electric Power Co. 3.900%, 04/01/45		785,000		710,976
Southwestern Public Service Co. 3.700%, 08/15/47		470,000		431,649
Toledo Edison Co. (The) 7.250%, 05/01/20		15,000		15,816
Union Electric Co. 2.950%, 06/15/27		214,000		200,219
Virginia Electric & Power Co. 3.450%, 02/15/24		122,000		120,645
				38,674,352
Electronics—0.0%
Arrow Electronics, Inc. 3.875%, 01/12/28		127,000		118,242
Food—0.2%
Campbell Soup Co. 3.950%, 03/15/25		170,000		164,303
Kraft Heinz Foods Co. 4.375%, 06/01/46 (b)		925,000		815,654
5.200%, 07/15/45		554,000		540,916
Kroger Co. (The) 3.875%, 10/15/46		955,000		795,199
McCormick & Co., Inc. 3.150%, 08/15/24		505,000		485,223
3.400%, 08/15/27		132,000		125,552
Sysco Corp. 3.750%, 10/01/25		83,000		81,879
4.450%, 03/15/48		330,000		321,334
Tyson Foods, Inc. 4.550%, 06/02/47		95,000		88,126
4.875%, 08/15/34		250,000		251,273
				3,669,459
Forest Products & Paper—0.0%
International Paper Co. 4.350%, 08/15/48		635,000		578,282
Gas—0.2%
Atmos Energy Corp. 8.500%, 03/15/19		350,000		358,687
Brooklyn Union Gas Co. (The) 4.273%, 03/15/48 (144A)		300,000		295,640
Dominion Energy Gas Holdings LLC 2.800%, 11/15/20		433,000		426,418

BHFTI-215

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Gas—(Continued)
KeySpan Gas East Corp. 2.742%, 08/15/26 (144A)		345,000	$	317,334
NiSource, Inc. 3.490%, 05/15/27		910,000		862,603
6.250%, 12/15/40		75,000		86,812
Southern California Gas Co. 4.300%, 01/15/49		610,000		622,279
Southern Co. Gas Capital Corp. 3.250%, 06/15/26		425,000		397,159
				3,366,932
Healthcare-Products—0.3%
Abbott Laboratories 3.750%, 11/30/26 (b)		810,000		807,445
Becton Dickinson & Co. 3.363%, 06/06/24		3,207,000		3,097,591
Covidien International Finance S.A. 2.950%, 06/15/23		185,000		179,910
Medtronic, Inc. 3.500%, 03/15/25 (b)		1,360,000		1,349,112
4.375%, 03/15/35		130,000		134,280
Thermo Fisher Scientific, Inc. 2.950%, 09/19/26		802,000		743,557
3.150%, 01/15/23		228,000		222,790
4.150%, 02/01/24		286,000		291,253
Zimmer Biomet Holdings, Inc. 3.700%, 03/19/23		341,000		338,675
				7,164,613
Healthcare-Services—0.5%
Aetna, Inc. 3.875%, 08/15/47		1,300,000		1,144,325
Anthem, Inc. 3.650%, 12/01/27		1,890,000		1,796,163
4.101%, 03/01/28		140,000		137,823
4.375%, 12/01/47		585,000		553,854
Halfmoon Parent, Inc. 3.400%, 09/17/21 (144A)		1,535,000		1,529,213
4.125%, 11/15/25 (144A)		1,190,000		1,186,194
4.375%, 10/15/28 (144A) (b)		300,000		298,958
Magellan Health, Inc. 4.400%, 09/22/24		150,000		144,702
Roche Holdings, Inc. 2.375%, 01/28/27 (144A)		1,350,000		1,225,201
UnitedHealth Group, Inc. 2.750%, 02/15/23		46,000		44,609
2.875%, 03/15/23		300,000		292,474
3.100%, 03/15/26		2,055,000		1,973,625
				10,327,141
Housewares—0.0%
Newell Brands, Inc. 5.375%, 04/01/36		80,000		77,024
Housewares—(Continued)
Newell Brands, Inc. 5.500%, 04/01/46 (b)		255,000		243,472
				320,496
Insurance—0.8%
AIA Group, Ltd. 3.900%, 04/06/28 (144A)		210,000		205,792
American International Group, Inc. 3.875%, 01/15/35		2,085,000		1,887,871
4.200%, 04/01/28		165,000		163,170
Assurant, Inc. 4.200%, 09/27/23		150,000		149,149
Athene Global Funding 2.750%, 04/20/20 (144A)		352,000		347,587
4.000%, 01/25/22 (144A)		184,000		184,364
Athene Holding, Ltd. 4.125%, 01/12/28		85,000		79,374
Berkshire Hathaway Finance Corp. 4.200%, 08/15/48		1,140,000		1,130,387
Chubb INA Holdings, Inc. 2.700%, 03/13/23		200,000		193,316
Great-West Lifeco Finance Delaware L.P. 4.150%, 06/03/47 (144A)		40,000		37,628
Guardian Life Global Funding 2.500%, 05/08/22 (144A)		250,000		240,844
Hartford Financial Services Group, Inc. (The) 4.300%, 04/15/43		175,000		165,593
Jackson National Life Global Funding 3.250%, 01/30/24 (144A)		173,000		168,100
3.300%, 06/11/21 (144A)		495,000		492,810
3.875%, 06/11/25 (144A)		570,000		566,438
Lincoln National Corp. 3.800%, 03/01/28 (b)		845,000		815,277
6.250%, 02/15/20		375,000		388,640
Manulife Financial Corp. 4.061%, 5Y USD Swap + 1.647%, 02/24/32 (c)		505,000		480,887
Massachusetts Mutual Life Insurance Co. 8.875%, 06/01/39 (144A)		60,000		92,037
New York Life Global Funding 1.950%, 09/28/20 (144A)		1,009,000		987,877
3.000%, 01/10/28 (144A)		370,000		347,249
OneBeacon U.S. Holdings, Inc. 4.600%, 11/09/22		150,000		150,049
Pacific Life Insurance Co. 4.300%, 3M LIBOR + 2.796%, 10/24/67 (144A) (c)		50,000		44,960
Pricoa Global Funding I 2.200%, 06/03/21 (144A)		423,000		410,249
3.450%, 09/01/23 (144A)		2,400,000		2,381,968
Progressive Corp. (The) 5.375%, 3M LIBOR + 2.539%, 03/15/23 (b) (c)		90,000		89,775
Protective Life Global Funding 2.161%, 09/25/20 (144A)		3,600,000		3,515,934
Prudential Financial, Inc. 3.905%, 12/07/47		935,000		839,779
Prudential Insurance Co. of America (The) 8.300%, 07/01/25 (144A)		250,000		306,253

BHFTI-216

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Insurance—(Continued)
Reliance Standard Life Global Funding II 3.850%, 09/19/23 (144A)		905,000	$	902,215
Teachers Insurance & Annuity Association of America 4.270%, 05/15/47 (144A)		100,000		96,858
Torchmark Corp. 4.550%, 09/15/28		30,000		30,130
				17,892,560
Internet—0.1%
Amazon.com, Inc. 3.150%, 08/22/27		1,150,000		1,101,330
4.050%, 08/22/47 (b)		735,000		717,995
Booking Holdings, Inc. 2.750%, 03/15/23		71,000		68,019
				1,887,344
Iron/Steel—0.0%
Nucor Corp. 4.000%, 08/01/23		150,000		152,915
Machinery-Diversified—0.0%
Roper Technologies, Inc. 3.000%, 12/15/20		83,000		82,458
3.650%, 09/15/23		910,000		903,821
3.800%, 12/15/26		100,000		97,180
				1,083,459
Media—0.7%
21st Century Fox America, Inc. 3.700%, 10/15/25		2,295,000		2,277,338
CBS Corp. 3.375%, 02/15/28		850,000		778,484
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. 4.500%, 02/01/24		865,000		868,633
Comcast Corp. 2.350%, 01/15/27		1,805,000		1,587,215
3.200%, 07/15/36		2,395,000		1,995,842
3.400%, 07/15/46		1,690,000		1,365,273
6.500%, 11/15/35		90,000		108,479
7.050%, 03/15/33		187,000		232,122
COX Communications, Inc. 4.600%, 08/15/47 (144A)		615,000		573,897
Time Warner Cable LLC 4.500%, 09/15/42		2,425,000		2,066,781
5.000%, 02/01/20		585,000		596,554
Viacom, Inc. 4.375%, 03/15/43		284,000		247,475
Warner Media LLC 2.950%, 07/15/26		255,000		231,094
3.800%, 02/15/27		1,760,000		1,682,550
				14,611,737
Metal Fabricate/Hardware—0.0%
Precision Castparts Corp. 4.200%, 06/15/35		60,000		59,847
Mining—0.0%
Anglo American Capital plc 4.000%, 09/11/27 (144A)		675,000		621,827
Glencore Funding LLC 4.000%, 03/27/27 (144A)		315,000		295,531
				917,358
Miscellaneous Manufacturing—0.2%
Eaton Corp. 3.103%, 09/15/27		540,000		503,554
5.800%, 03/15/37		100,000		114,271
General Electric Co. 3.450%, 05/15/24		293,000		288,443
4.125%, 10/09/42		2,195,000		1,954,271
Parker-Hannifin Corp. 3.300%, 11/21/24		114,000		111,696
Siemens Financieringsmaatschappij NV 2.000%, 09/15/23 (144A)		390,000		363,149
3.125%, 03/16/24 (144A)		500,000		486,857
				3,822,241
Oil & Gas—0.8%
Anadarko Petroleum Corp. 5.550%, 03/15/26		2,155,000		2,289,703
Apache Corp. 4.375%, 10/15/28		1,555,000		1,528,796
BP Capital Markets plc 3.017%, 01/16/27		2,805,000		2,637,127
3.224%, 04/14/24		300,000		293,189
3.994%, 09/26/23		920,000		938,625
Canadian Natural Resources, Ltd. 3.800%, 04/15/24		111,000		109,835
Cenovus Energy, Inc. 4.250%, 04/15/27		680,000		657,063
5.250%, 06/15/37		745,000		737,748
6.750%, 11/15/39		101,000		113,770
Chevron Corp. 2.895%, 03/03/24		161,000		156,674
2.954%, 05/16/26		1,545,000		1,474,804
Encana Corp. 7.375%, 11/01/31		250,000		305,576
Eni USA, Inc. 7.300%, 11/15/27		100,000		118,207
Marathon Petroleum Corp. 4.750%, 09/15/44		930,000		897,700
Noble Energy, Inc. 3.850%, 01/15/28 (b)		2,227,000		2,102,574
6.000%, 03/01/41		160,000		170,989
Occidental Petroleum Corp. 4.625%, 06/15/45		79,000		81,950
Phillips 66 3.900%, 03/15/28		110,000		108,439
4.875%, 11/15/44		985,000		1,019,554
Shell International Finance B.V. 2.500%, 09/12/26		220,000		203,082
3.250%, 05/11/25		1,790,000		1,755,391

BHFTI-217

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Oil & Gas—(Continued)
Shell International Finance B.V. 3.625%, 08/21/42		25,000	$	23,158
3.750%, 09/12/46		683,000		641,186
				18,365,140
Oil & Gas Services—0.1%
Baker Hughes a GE Co. LLC 5.125%, 09/15/40		25,000		26,284
Baker Hughes a GE Co. LLC / Baker Hughes Co-Obligor, Inc. 3.337%, 12/15/27 (b)		425,000		399,354
Halliburton Co. 3.800%, 11/15/25 (b)		85,000		84,243
4.850%, 11/15/35		775,000		809,746
Schlumberger Holdings Corp. 4.000%, 12/21/25 (144A)		1,745,000		1,744,015
				3,063,642
Packaging & Containers—0.0%
WestRock Co. 3.750%, 03/15/25 (144A)		150,000		147,362
Pharmaceuticals—0.9%
AbbVie, Inc. 2.300%, 05/14/21		105,000		102,193
4.450%, 05/14/46		300,000		277,568
4.500%, 05/14/35		1,080,000		1,036,162
Allergan Funding SCS 4.550%, 03/15/35 (b)		915,000		888,451
AstraZeneca plc 3.500%, 08/17/23		1,125,000		1,113,989
CVS Health Corp. 2.875%, 06/01/26 (b)		4,165,000		3,817,737
4.300%, 03/25/28		1,200,000		1,188,157
4.780%, 03/25/38		355,000		352,235
CVS Pass-Through Trust 4.704%, 01/10/36 (144A)		302,611		298,072
5.880%, 01/10/28		410,185		431,452
8.353%, 07/10/31 (144A)		154,664		186,861
Elanco Animal Health, Inc. 3.912%, 08/27/21 (144A)		380,000		380,343
GlaxoSmithKline Capital, Inc. 3.625%, 05/15/25		2,330,000		2,325,182
Johnson & Johnson 3.400%, 01/15/38		1,818,000		1,691,391
Mylan, Inc. 4.550%, 04/15/28 (144A)		400,000		388,693
Novartis Capital Corp. 3.100%, 05/17/27		680,000		652,133
3.400%, 05/06/24		527,000		528,234
Pfizer, Inc. 3.600%, 09/15/28		865,000		854,222
Shire Acquisitions Investments Ireland DAC 2.875%, 09/23/23		2,418,000		2,305,864
3.200%, 09/23/26		880,000		812,131
Pharmaceuticals—(Continued)
Zoetis, Inc. 3.250%, 08/20/21		1,115,000		1,113,272
				20,744,342
Pipelines—0.9%
APT Pipelines, Ltd. 4.250%, 07/15/27 (144A)		70,000		68,254
Boardwalk Pipelines L.P. 4.450%, 07/15/27		37,000		35,619
Buckeye Partners L.P. 5.600%, 10/15/44		310,000		288,262
5.850%, 11/15/43		255,000		245,596
Columbia Pipeline Group, Inc. 4.500%, 06/01/25		805,000		813,599
Enable Midstream Partners L.P. 4.950%, 05/15/28		935,000		927,429
Energy Transfer L.P. 4.750%, 01/15/26		833,000		841,322
Energy Transfer Partners L.P. 5.150%, 02/01/43		804,000		762,921
EnLink Midstream Partners L.P. 2.700%, 04/01/19		140,000		139,545
Enterprise Products Operating LLC 3.350%, 03/15/23		2,355,000		2,327,733
3.700%, 02/15/26		880,000		866,208
3.750%, 02/15/25 (b)		67,000		66,866
3.900%, 02/15/24		82,000		82,717
4.250%, 02/15/48		285,000		267,863
4.900%, 05/15/46		745,000		769,297
4.950%, 10/15/54		33,000		32,940
Kinder Morgan Energy Partners L.P. 5.625%, 09/01/41		190,000		198,337
Kinder Morgan, Inc. 5.300%, 12/01/34		1,040,000		1,073,795
MPLX L.P. 4.000%, 02/15/25		95,000		93,644
4.000%, 03/15/28		75,000		72,097
4.125%, 03/01/27		395,000		384,559
4.500%, 04/15/38		244,000		229,686
4.700%, 04/15/48		130,000		121,551
4.875%, 12/01/24		110,000		114,241
5.200%, 03/01/47		141,000		141,082
ONEOK Partners L.P. 3.375%, 10/01/22		65,000		64,003
3.800%, 03/15/20		220,000		220,887
4.900%, 03/15/25		1,850,000		1,919,408
5.000%, 09/15/23		145,000		151,088
6.650%, 10/01/36		140,000		163,726
Phillips 66 Partners L.P. 4.900%, 10/01/46		308,000		301,866
Plains All American Pipeline L.P. / PAA Finance Corp. 3.850%, 10/15/23		350,000		344,594
5.750%, 01/15/20 (b)		610,000		625,710
Southern Natural Gas Co. LLC 4.800%, 03/15/47 (144A)		102,000		100,988

BHFTI-218

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Pipelines—(Continued)
Southern Natural Gas Co. LLC 8.000%, 03/01/32		70,000	$	89,790
Sunoco Logistics Partners Operations L.P. 4.250%, 04/01/24		91,000		90,756
4.950%, 01/15/43		295,000		269,037
5.350%, 05/15/45		710,000		691,279
Texas Eastern Transmission L.P. 2.800%, 10/15/22 (144A)		46,000		44,088
3.500%, 01/15/28 (144A)		45,000		42,482
TransCanada PipeLines, Ltd. 4.250%, 05/15/28		3,630,000		3,643,189
7.250%, 08/15/38		130,000		162,877
Western Gas Partners L.P. 3.950%, 06/01/25		157,000		149,660
5.300%, 03/01/48		369,000		337,701
5.375%, 06/01/21		149,000		153,999
5.450%, 04/01/44		102,000		95,451
				20,627,742
Real Estate—0.2%
China Overseas Finance Investment Cayman V, Ltd. Zero Coupon, 01/05/23		4,400,000		4,643,100
Ontario Teachers’ Cadillac Fairview Properties Trust 3.125%, 03/20/22 (144A)		235,000		230,398
3.875%, 03/20/27 (144A)		243,000		238,504
				5,112,002
Real Estate Investment Trusts—0.4%
American Tower Corp. 3.125%, 01/15/27		605,000		550,140
3.375%, 10/15/26		776,000		722,317
3.600%, 01/15/28 (b)		260,000		242,785
Boston Properties L.P. 3.650%, 02/01/26		435,000		421,210
Brixmor Operating Partnership L.P. 3.850%, 02/01/25		60,000		57,790
Crown Castle International Corp. 3.700%, 06/15/26		274,000		261,716
4.000%, 03/01/27		47,000		45,510
DDR Corp. 4.700%, 06/01/27		94,000		94,475
Digital Realty Trust L.P. 3.700%, 08/15/27		115,000		109,182
Duke Realty L.P. 3.250%, 06/30/26		60,000		56,417
EPR Properties 4.500%, 06/01/27		207,000		197,737
4.950%, 04/15/28		710,000		697,269
Goodman U.S. Finance Three LLC 3.700%, 03/15/28 (144A)		805,000		751,999
Government Properties Income Trust 3.750%, 08/15/19		400,000		401,499
4.000%, 07/15/22		140,000		138,384
HCP, Inc. 3.875%, 08/15/24		357,000		349,001
Real Estate Investment Trusts—(Continued)
HCP, Inc. 4.200%, 03/01/24		1,015,000		1,010,931
Kimco Realty Corp. 3.800%, 04/01/27		200,000		191,055
National Retail Properties, Inc. 4.000%, 11/15/25		100,000		98,338
Realty Income Corp. 3.875%, 04/15/25		60,000		59,488
Senior Housing Properties Trust 3.250%, 05/01/19		120,000		119,950
4.750%, 02/15/28		130,000		125,635
Ventas Realty L.P. 4.125%, 01/15/26		68,000		66,906
VEREIT Operating Partnership L.P. 4.600%, 02/06/24		621,000		624,231
Welltower, Inc. 3.950%, 09/01/23		100,000		99,956
4.000%, 06/01/25		410,000		404,344
				7,898,265
Retail—0.4%
Darden Restaurants, Inc. 4.550%, 02/15/48		425,000		397,508
Home Depot, Inc. (The) 2.125%, 09/15/26		77,000		68,974
2.800%, 09/14/27 (b)		1,235,000		1,155,622
Macy’s Retail Holdings, Inc. 4.300%, 02/15/43		90,000		67,272
McDonald’s Corp. 3.350%, 04/01/23		2,295,000		2,275,010
3.625%, 05/01/43		930,000		798,817
6.300%, 10/15/37		160,000		192,856
Starbucks Corp. 3.800%, 08/15/25		1,030,000		1,022,883
4.000%, 11/15/28		475,000		473,408
Walmart, Inc. 3.700%, 06/26/28		1,970,000		1,971,270
				8,423,620
Savings & Loans—0.0%
Nationwide Building Society 4.363%, 3M LIBOR + 1.392%, 08/01/24 (144A) (c)		980,000		974,558
Semiconductors—0.1%
Analog Devices, Inc. 4.500%, 12/05/36		113,000		109,843
Broadcom Corp. / Broadcom Cayman Finance, Ltd. 3.125%, 01/15/25		800,000		742,932
3.500%, 01/15/28		245,000		222,491
3.875%, 01/15/27		349,000		329,146
Intel Corp. 3.734%, 12/08/47 (b)		975,000		906,967
				2,311,379

BHFTI-219

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Software—0.5%
Akamai Technologies, Inc. 0.125%, 05/01/25 (144A)		2,189,000	$	2,152,713
Microsoft Corp. 3.450%, 08/08/36		1,500,000		1,428,951
3.500%, 02/12/35		2,345,000		2,259,094
3.700%, 08/08/46		795,000		761,860
4.500%, 10/01/40		400,000		430,242
Oracle Corp. 2.950%, 05/15/25 (b)		450,000		431,415
3.800%, 11/15/37		810,000		770,728
3.850%, 07/15/36		285,000		274,953
3.900%, 05/15/35		730,000		705,630
4.000%, 11/15/47		805,000		762,832
VMware, Inc. 2.950%, 08/21/22		779,000		749,661
				10,728,079
Telecommunications—0.6%
AT&T, Inc. 3.950%, 01/15/25		300,000		295,234
4.300%, 02/15/30 (144A)		460,000		442,071
4.300%, 12/15/42		3,370,000		2,913,864
4.350%, 06/15/45		1,425,000		1,225,761
5.350%, 09/01/40		300,000		297,159
Deutsche Telekom International Finance B.V. 4.375%, 06/21/28 (144A)		1,025,000		1,021,250
SES GLOBAL Americas Holdings GP 5.300%, 03/25/44 (144A)		280,000		241,512
Telefonica Emisiones S.A.U. 4.665%, 03/06/38		720,000		675,587
5.213%, 03/08/47		405,000		392,849
Verizon Communications, Inc. 3.376%, 02/15/25		120,000		116,714
3.850%, 11/01/42		1,629,000		1,406,874
4.125%, 08/15/46		605,000		541,408
4.272%, 01/15/36		1,725,000		1,642,032
4.329%, 09/21/28 (144A)		960,000		965,479
4.500%, 08/10/33		300,000		297,550
Vodafone Group plc 4.375%, 05/30/28		1,050,000		1,033,926
5.000%, 05/30/38		459,000		452,419
6.250%, 11/30/32		160,000		179,127
				14,140,816
Transportation—0.3%
Burlington Northern Santa Fe LLC 3.000%, 03/15/23		250,000		245,747
3.050%, 09/01/22		310,000		306,687
3.900%, 08/01/46		750,000		711,394
Canadian Pacific Railway Co. 2.900%, 02/01/25		525,000		499,009
5.750%, 03/15/33		120,000		135,044
CSX Corp. 3.800%, 11/01/46		690,000		622,876
Transportation—(Continued)
FedEx Corp. 4.100%, 02/01/45		1,410,000		1,284,729
Norfolk Southern Corp. 4.150%, 02/28/48		900,000		868,235
Ryder System, Inc. 2.500%, 05/11/20		420,000		414,934
2.875%, 09/01/20		170,000		168,784
3.500%, 06/01/21		1,035,000		1,034,016
Union Pacific Corp. 3.350%, 08/15/46		830,000		698,709
4.375%, 09/10/38		445,000		451,974
				7,442,138
Trucking & Leasing—0.0%
Aviation Capital Group LLC 3.875%, 05/01/23 (144A)		100,000		98,908
Total Corporate Bonds & Notes (Cost $458,301,285)				446,905,793
Convertible Bonds—18.5%
Aerospace/Defense—0.9%
Airbus SE Zero Coupon, 06/14/21 (EUR)		4,600,000		6,630,814
Zero Coupon, 07/01/22 (EUR)		5,100,000		7,429,823
Arconic, Inc. 1.625%, 10/15/19 (b)		1,118,000		1,139,678
MTU Aero Engines AG 0.125%, 05/17/23		2,200,000		4,137,984
				19,338,299
Airlines—0.3%
ANA Holdings, Inc. Zero Coupon, 09/16/22		670,000,000		5,970,560
Apparel—0.1%
LVMH Moet Hennessy Louis Vuitton SE Zero Coupon, 02/16/21		519,400		1,912,441
Auto Parts & Equipment—0.4%
Cie Generale des Etablissements Michelin Zero Coupon, 01/10/22		5,800,000		5,524,500
Valeo S.A. Zero Coupon, 06/16/21		2,800,000		2,614,500
				8,139,000
Banks—0.7%
Credit Agricole S.A. Zero Coupon, 10/03/19		5,162,000		4,597,493
Gunma Bank, Ltd. (The) Zero Coupon, 10/11/19		2,100,000		2,065,875
Morgan Stanley Finance LLC Zero Coupon, 12/17/21		3,900,000		4,488,476

BHFTI-220

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Convertible Bonds—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
Yamaguchi Financial Group, Inc. 1.874%, 3M LIBOR - 0.500%, 03/26/20 (c)		3,800,000	$	3,823,750
				14,975,594
Biotechnology—0.5%
Illumina, Inc. Zero Coupon, 06/15/19		6,742,000		9,780,721
0.500%, 06/15/21		1,300,000		1,959,876
				11,740,597
Building Materials—0.6%
LIXIL Group Corp. Zero Coupon, 03/04/20		230,000,000		2,005,567
Sika AG 0.150%, 06/05/25		10,280,000		11,129,509
				13,135,076
Chemicals—0.9%
BASF SE 0.925%, 03/09/23		4,500,000		4,180,950
Brenntag Finance B.V. 1.875%, 12/02/22		4,000,000		3,968,000
Kansai Paint Co., Ltd. Zero Coupon, 06/17/19		230,000,000		2,021,761
Mitsubishi Chemical Holdings Corp. Zero Coupon, 03/30/22		340,000,000		3,183,198
RPM International, Inc. 2.250%, 12/15/20		2,397,000		2,951,187
Toray Industries, Inc. Zero Coupon, 08/30/19		430,000,000		3,973,772
				20,278,868
Coal—0.2%
RAG-Stiftung Zero Coupon, 02/18/21		4,100,000		5,155,079
Commercial Services—0.4%
Macquarie Infrastructure Corp. 2.875%, 07/15/19		5,504,000		5,447,744
Toppan Printing Co., Ltd. Zero Coupon, 12/19/19		290,000,000		2,587,462
				8,035,206
Computers—0.1%
Western Digital Corp. 1.500%, 02/01/24 (b)		2,397,000		2,218,114
Diversified Financial Services—0.4%
Citigroup Global Markets Funding Luxembourg SCA 0.500%, 08/04/23		2,000,000		2,488,131
Magyar Nemzeti Vagyonkezelo Zrt 3.375%, 04/02/19		3,100,000		3,657,745
Diversified Financial Services—(Continued)
Mebuki Financial Group, Inc. Zero Coupon, 04/24/19		3,000,000		2,917,500
				9,063,376
Electric—0.3%
Iberdrola International B.V. Zero Coupon, 11/11/22		3,600,000		4,227,222
Tohoku Electric Power Co., Inc. Zero Coupon, 12/03/18		200,000,000		1,749,252
				5,976,474
Electronics—0.1%
Minebea Mitsumi, Inc. Zero Coupon, 08/03/22		160,000,000		1,725,048
Engineering & Construction—0.3%
Shimizu Corp. Zero Coupon, 10/16/20		420,000,000		3,875,814
Vinci S.A. 0.375%, 02/16/22		3,400,000		3,663,500
				7,539,314
Food—0.1%
Carrefour S.A. Zero Coupon, 06/14/23		4,000,000		3,380,000
Forest Products & Paper—0.1%
Daio Paper Corp. Zero Coupon, 09/17/20		190,000,000		1,883,361
Gas—0.4%
National Grid North America, Inc. 0.900%, 11/02/20		1,600,000		2,054,265
Snam S.p.A. Zero Coupon, 03/20/22		6,600,000		7,567,147
				9,621,412
Healthcare-Products—0.2%
QIAGEN NV 0.500%, 09/13/23		4,200,000		4,714,500
Healthcare-Services—0.6%
Anthem, Inc. 2.750%, 10/15/42		2,241,000		8,458,437
Fresenius Medical Care AG & Co. KGaA 1.125%, 01/31/20		2,800,000		4,122,389
				12,580,826
Holding Companies-Diversified—0.5%
Industrivarden AB Zero Coupon, 05/15/19		39,000,000		4,524,270

BHFTI-221

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Convertible Bonds—(Continued)

Security Description	Principal Amount*		Value
Holding Companies-Diversified—(Continued)
Wendel S.A. Zero Coupon, 07/31/19		9,196,700	$	5,539,660
				10,063,930
Home Furnishings—0.4%
Sony Corp. Zero Coupon, 09/30/22		738,000,000		9,418,236
Internet—0.9%
Priceline Group, Inc. (The) 0.350%, 06/15/20		7,288,000		11,060,254
0.900%, 09/15/21 (b)		7,180,000		8,518,697
				19,578,951
Investment Company Security—0.1%
Ares Capital Corp. 4.375%, 01/15/19		1,851,000		1,853,614
Iron/Steel—0.1%
APERAM S.A. 0.625%, 07/08/21		1,600,000		1,920,000
Mining—0.3%
Glencore Funding LLC Zero Coupon, 03/27/25		6,200,000		5,604,800
Miscellaneous Manufacturing—0.3%
Siemens Financieringsmaatschappij NV 1.650%, 08/16/19		7,000,000		7,746,480
Oil & Gas—0.9%
BP Capital Markets plc 1.000%, 04/28/23		2,700,000		4,754,413
Eni S.p.A. Zero Coupon, 04/13/22		3,800,000		4,793,629
TOTAL S.A. 0.500%, 12/02/22		9,600,000		10,908,000
				20,456,042
Oil & Gas Services—0.3%
TechnipFMC plc 0.875%, 01/25/21		4,800,000		6,509,313
Pharmaceuticals—0.4%
Bayer AG 0.050%, 06/15/20		7,600,000		9,618,142
Real Estate—2.0%
CA Immobilien Anlagen AG 0.750%, 04/04/25		1,300,000		1,744,072
CapitaLand, Ltd. 1.850%, 06/19/20 (SGD)		6,250,000		4,503,310
1.950%, 10/17/23 (SGD)		5,000,000		3,666,655
2.800%, 06/08/25 (SGD)		2,000,000		1,443,818
Real Estate—(Continued)
Deutsche Wohnen SE 0.325%, 07/26/24 (EUR)		9,300,000		11,672,389
0.600%, 01/05/26 (EUR)		3,300,000		4,051,776
Grand City Properties S.A. 0.250%, 03/02/22		3,600,000		4,597,760
LEG Immobilien AG 0.500%, 07/01/21 (EUR)		2,300,000		5,097,157
0.875%, 09/01/25 (EUR)		2,900,000		3,713,852
TAG Immobilien AG 0.625%, 09/01/22		2,100,000		2,948,978
				43,439,767
Real Estate Investment Trusts—0.8%
Beni Stabili S.p.A. SIIQ 0.875%, 01/31/21		1,400,000		1,660,418
Covivio 0.875%, 04/01/19		2,813,600		3,346,767
Spirit Realty Capital, Inc. 2.875%, 05/15/19		3,376,000		3,369,670
Unibail-Rodamco SE Zero Coupon, 07/01/21 (EUR)		1,459,600		4,875,614
Zero Coupon, 01/01/22 (EUR)		1,121,300		4,406,884
				17,659,353
Semiconductors—1.5%
Intel Corp. 3.250%, 08/01/39		7,205,000		16,535,475
Novellus Systems, Inc. 2.625%, 05/15/41		1,186,000		5,433,326
STMicroelectronics NV Zero Coupon, 07/03/22		10,200,000		11,075,262
				33,044,063
Software—0.7%
Citrix Systems, Inc. 0.500%, 04/15/19		6,501,000		9,984,847
Red Hat, Inc. 0.250%, 10/01/19 (b)		3,096,000		5,719,399
				15,704,246
Telecommunications—1.4%
America Movil S.A.B. de C.V. Zero Coupon, 05/28/20		14,400,000		16,457,640
Telenor East Holding II A/S 0.250%, 09/20/19		9,000,000		8,783,460
Vodafone Group plc Zero Coupon, 11/26/20		4,600,000		5,758,813
				30,999,913
Water—0.3%
Suez Zero Coupon, 02/27/20		14,597,500		3,098,072

BHFTI-222

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Convertible Bonds—(Continued)

Security Description	Principal Amount*		Value
Water—(Continued)
Veolia Environnement S.A. Zero Coupon, 03/15/21		11,027,100	$	3,802,497
				6,900,569
Total Convertible Bonds (Cost $402,073,973)				407,900,564
U.S. Treasury & Government Agencies—3.6%
Agency Sponsored Mortgage - Backed—1.3%
Fannie Mae 30 Yr. Pool 4.000%, 07/01/47		1,171,559		1,184,352
4.500%, 12/01/40		328,252		341,427
4.500%, 06/01/48		498,178		516,572
4.500%, 07/01/48		399,128		412,020
5.000%, 06/01/48		349,261		369,371
5.000%, 07/01/48		749,156		787,490
5.000%, 08/01/48		499,397		532,673
Fannie Mae Pool 2.660%, 11/01/26		651,508		620,085
2.820%, 09/01/27		650,000		617,394
3.120%, 01/01/30		890,385		849,785
3.140%, 12/01/31		1,252,000		1,173,152
3.150%, 06/01/36		481,729		445,478
3.170%, 01/01/30		550,000		524,263
3.200%, 03/01/28		992,966		964,007
3.220%, 01/01/30		450,000		430,951
3.230%, 01/01/30		2,475,474		2,392,930
3.330%, 04/01/35		500,000		469,241
3.420%, 04/01/30		500,000		487,754
3.460%, 11/01/32		1,728,000		1,652,787
3.530%, 08/01/28		400,000		397,621
3.530%, 05/01/33		500,000		482,001
3.570%, 07/01/26		1,000,000		997,888
3.600%, 01/01/27		493,000		491,274
3.660%, 03/01/27		749,417		752,789
3.660%, 09/25/28		500,000		500,780
3.670%, 09/01/28		1,000,000		1,005,315
3.740%, 07/01/30		700,000		704,729
3.800%, 09/01/33		954,000		952,754
3.840%, 08/01/28		600,000		611,266
3.960%, 08/01/30		1,491,000		1,527,719
3.990%, 02/01/28		538,575		552,428
4.000%, 09/01/48		475,261		480,434
4.500%, 05/01/48		597,019		620,535
Freddie Mac Multifamily Structured Pass-Through Certificates (CMO) 3.600%, 02/25/28		1,000,000		991,761
3.850%, 05/25/28 (c)		585,000		590,289
Ginnie Mae II 30 Yr. Pool 4.250%, 07/20/47		979,972		1,002,601
4.500%, 05/20/48		346,989		360,299
4.500%, 06/20/48		1,014,501		1,064,620
5.000%, 07/20/48		501,844		532,832
				29,391,667
Security Description	Shares/ Principal Amount*		Value
U.S. Treasury—2.3%
U.S. Treasury Bonds 3.125%, 05/15/48		215,000		212,035
3.750%, 11/15/43		5,232,000		5,726,996
4.500%, 02/15/36		990,000		1,174,697
U.S. Treasury Coupon Strips Zero Coupon, 02/15/20		9,000,000		8,671,107
Zero Coupon, 05/15/32		3,000,000		1,945,293
U.S. Treasury Notes 1.250%, 11/15/18		435,000		434,544
1.375%, 01/31/21		375,000		362,519
1.750%, 03/31/22		14,000,000		13,462,969
1.750%, 05/15/23		5,000,000		4,742,969
2.000%, 02/28/21		9,000,000		8,820,351
2.000%, 08/15/25		2,800,000		2,624,234
2.750%, 05/31/23		802,000		795,484
2.875%, 05/31/25 (b)		1,621,000		1,607,893
2.875%, 05/15/28		158,700		156,326
				50,737,417
Total U.S. Treasury & Government Agencies (Cost $80,752,866)				80,129,084
Convertible Preferred Stocks—0.8%
Banks—0.7%
Wells Fargo & Co., Series L 7.500%, 12/31/49		11,468		14,803,812
Machinery—0.1%
Stanley Black & Decker, Inc. 5.375%, 05/15/20 (b)		29,159		3,196,118
Total Convertible Preferred Stocks (Cost $17,014,997)				17,999,930
Asset-Backed Securities—0.4%
Asset-Backed - Automobile—0.1%
American Credit Acceptance Receivables Trust 3.540%, 03/13/23 (144A)		250,000		249,427
3.700%, 07/10/24 (144A)		333,000		332,213
Drive Auto Receivables Trust 3.660%, 11/15/24		236,000		236,057
3.720%, 09/16/24		227,000		226,662
3.810%, 05/15/24		250,000		248,958
4.090%, 01/15/26		250,000		250,754
Exeter Automobile Receivables Trust 3.950%, 12/15/22 (144A)		220,000		220,140
Flagship Credit Auto Trust 3.790%, 12/16/24 (144A)		203,000		202,115
GLS Auto Receivables Trust 3.250%, 04/18/22 (144A)		250,580		250,476
Hertz Vehicle Financing II L.P. 2.960%, 10/25/21 (144A)		300,000		296,086

BHFTI-223

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed - Automobile—(Continued)
United Auto Credit Securitization Trust 3.780%, 05/10/23 (144A)		240,000	$	239,857
Veros Automobile Receivables Trust 2.840%, 04/17/23 (144A)		422,614		421,026
				3,173,771
Asset-Backed - Credit Card—0.0%
Synchrony Card Issuance Trust 3.380%, 09/15/24		150,000		150,000
Asset-Backed - Other—0.3%
B2R Mortgage Trust 2.567%, 06/15/49 (144A)		153,889		149,778
3.336%, 11/15/48 (144A)		158,685		157,876
Business Jet Securities LLC 4.335%, 02/15/33 (144A)		382,474		382,961
4.447%, 06/15/33 (144A)		472,223		472,954
5.437%, 06/15/33 (144A)		238,523		238,883
Diamond Resorts Owner Trust 4.190%, 01/21/31 (144A)		341,845		340,266
Freedom Financial Network LLC 3.610%, 07/18/24 (144A)		589,369		588,459
Mariner Finance Issuance Trust 3.620%, 02/20/29 (144A)		620,000		619,592
Ocwen Master Advance Receivables Trust 3.942%, 08/15/50 (144A)		300,000		299,999
4.532%, 08/15/50 (144A)		235,000		234,471
Oportun Funding IX LLC 3.910%, 07/08/24 (144A)		340,000		338,641
Progress Residential Trust 3.395%, 12/17/34 (144A)		300,000		291,665
3.712%, 08/17/35 (144A)		400,000		398,070
4.040%, 08/17/35 (144A)		189,000		188,093
4.427%, 10/17/35 (144A)		349,000		349,525
4.656%, 08/17/35 (144A)		258,000		256,895
Spirit Master Funding LLC 5.740%, 03/20/42 (144A)		396,089		407,824
Trafigura Securitisation Finance plc 3.730%, 03/15/22 (144A)		422,222		422,200
Vericrest Opportunity Loan Trust LLC 4.375%, 06/25/48 (144A) (d)		186,511		186,303
				6,324,455
Total Asset-Backed Securities (Cost $9,663,251)				9,648,226
Mortgage-Backed Securities – 0.1%
Collateralized Mortgage Obligations—0.1%
Antler Mortgage Trust 4.335%, 07/25/22 (144A)		362,000		361,996
Seasoned Loans Structured Transaction 3.500%, 06/25/28		1,671,406		1,663,073
				2,025,069
Commercial Mortgage-Backed Securities—0.0%
Arivo Funding, LLC 5.165%, 09/15/19		400,000		400,000
CSMC Trust 3.953%, 09/15/37 (144A)		210,000		209,275
				609,275
Total Mortgage-Backed Securities (Cost $2,643,915)				2,634,344
Preferred Stock – 0.1%
Household Products—0.1%
Henkel AG & Co. KGaA (Cost $1,386,571)		11,408		1,339,191
Short-Term Investments—12.9%
Repurchase Agreement—11.3%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $249,799,230; collateralized by U.S. Treasury Notes with rates ranging from 2.125% - 2.250%, maturity dates ranging from 11/15/24 - 11/30/24, and an aggregate market value of $254,778,017.		249,778,415		249,778,415
U.S. Treasury—1.6%
U.S. Treasury Bills 1.864%, 11/08/18 (e) (f)		30,000,000		29,934,371
1.961%, 01/31/19 (e) (g)		160,000		158,794
1.972%, 11/01/18 (e) (g)		625,000		623,890
2.056%, 11/15/18 (e) (g)		4,025,000		4,014,516
				34,731,571
Total Short-Term Investments (Cost $284,516,922)				284,509,986
Securities Lending Reinvestments (h)—3.9%
Certificates of Deposit—1.9%
Banco Del Estado De Chile New York 2.419%, 3M LIBOR + 0.100%, 11/14/18 (c)		2,500,000		2,499,958
Banco Santander S.A. 2.340%, 11/07/18		1,000,000		1,000,082
Bank of Montreal (Chicago) 2.371%, 3M LIBOR + 0.030%, 11/06/18 (c)		1,000,000		999,998
Bank of Nova Scotia 2.618%, 3M LIBOR + 0.280%, 03/20/19 (c)		2,000,000		2,001,908
Barclays Bank plc 2.304%, 1M LIBOR + 0.200%, 02/04/19 (c)		1,500,000		1,499,696
2.500%, 02/01/19		1,000,000		999,986
Canadian Imperial Bank of Commerce 2.459%, 3M LIBOR + 0.120%, 01/14/19 (c)		1,500,000		1,500,446

BHFTI-224

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (h)—(Continued)

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Commonwealth Bank of Australia 2.358%, 1M LIBOR + 0.210%, 09/13/19 (c)		1,500,000	$	1,500,000
2.487%, 3M LIBOR + 0.140%, 04/23/19 (c)		1,000,000		1,000,358
Cooperative Rabobank UA 2.479%, 3M LIBOR + 0.140%, 10/16/18 (c)		1,500,000		1,500,112
Credit Industriel et Commercial Zero Coupon, 01/25/19		1,974,456		1,984,060
Credit Industriel et Commercial (NY) 2.364%, 1M LIBOR + 0.250%, 02/05/19 (c)		1,000,000		1,000,473
Industrial & Commercial Bank of China, Ltd. 2.500%, 10/24/18		1,000,000		1,000,012
Natixis S.A. New York 2.504%, 1M LIBOR + 0.370%, 02/14/19 (c)		2,000,000		2,001,338
2.533%, 3M LIBOR + 0.190%, 02/01/19 (c)		1,500,000		1,500,122
Royal Bank of Canada New York 2.381%, 1M LIBOR + 0.250%, 01/11/19 (c)		2,000,000		2,000,660
Societe Generale 2.504%, 1M LIBOR + 0.400%, 10/02/18 (c)		1,500,000		1,499,975
Standard Chartered plc 2.396%, 1M LIBOR + 0.180%, 02/25/19 (c)		1,000,000		999,883
Sumitomo Mitsui Banking Corp. 2.321%, 1M LIBOR + 0.190%, 04/11/19 (c)		2,000,000		1,999,906
Sumitomo Mitsui Banking Corp., New York 2.290%, 1M LIBOR + 0.180%, 03/05/19 (c)		2,000,000		1,999,766
Sumitomo Mitsui Trust Bank, Ltd. 2.423%, 3M LIBOR + 0.090%, 10/18/18 (c)		2,000,251		1,999,985
Svenska Handelsbanken AB 2.439%, 3M LIBOR + 0.100%, 04/30/19 (c)		1,000,000		1,000,119
2.554%, 1M LIBOR + 0.450%, 04/03/19 (c)		2,000,000		2,002,950
Wells Fargo Bank N.A. 2.473%, 3M LIBOR + 0.140%, 07/11/19 (c)		4,000,000		4,000,455
Westpac Banking Corp. 2.630%, FEDEFF PRV + 0.450%, 02/15/19 (c)		1,500,000		1,500,797
				40,993,045
Commercial Paper—0.5%
Bank of China, Ltd. 2.510%, 11/02/18		1,987,311		1,995,600
2.550%, 10/19/18		1,490,756		1,498,074
ING Funding LLC 2.448%, 3M LIBOR + 0.110%, 05/10/19 (c)		2,000,000		2,000,206
Sheffield Receivables Co. 2.490%, 11/26/18		493,464		498,080
2.510%, SOFR + 0.350%, 11/28/18 (c)		500,000		500,137
Sinopec Century Bright Capital Investment, Ltd. 2.400%, 11/01/18		994,000		997,834
UBS AG 2.534%, 1M LIBOR + 0.430%, 02/01/19 (c)		3,000,000		3,002,769
				10,492,700
Repurchase Agreements—1.3%
Citigroup Global Markets, Inc. Repurchase Agreement dated 05/03/18 at 2.440%, due on 10/05/18 with a maturity value of $4,042,022; collateralized by U.S. Treasury Obligations with rates ranging from 1.625% - 2.250%, maturity dates ranging from 11/30/19 - 11/15/27, and various Common Stock with an aggregate market value of $4,217,144.		4,000,000		4,000,000
Repurchase Agreement dated 07/25/18 at 2.570%, due on 11/02/18 with a maturity value of $503,569; collateralized by various Common Stock with an aggregate market value of $550,000.		500,000		500,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $700,131; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.625% - 2.875%, maturity dates ranging from 01/15/19 - 02/15/43, and an aggregate market value of $714,000.		700,000		700,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $400,075; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 1.750% - 2.875%, maturity dates ranging from 10/15/20 - 05/15/27, and an aggregate market value of $408,000.		400,000		400,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $700,131; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.375% - 3.125%, maturity dates ranging from 12/17/18 - 02/15/43, and an aggregate market value of $714,000.		700,000		700,000
Deutsche Bank AG, London Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $407,538; collateralized by various Common Stock with an aggregate market value of $445,329.		400,000		400,000
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $401,586; collateralized by various Common Stock with an aggregate market value of $444,498.		400,000		400,000
Macquarie Bank, Ltd., London Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $1,489,639; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 5.500%, maturity dates ranging from 08/31/19 - 05/15/48, and an aggregate market value of $1,517,995.		1,489,366		1,489,366
Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 10/26/16 at 2.720%, due on 12/31/18 with a maturity value of $2,014,270; collateralized by various Common Stock with an aggregate market value of $2,090,000.		1,900,000		1,900,000
Repurchase Agreement dated 08/01/17 at 2.720%, due on 12/31/18 with a maturity value of $2,078,124; collateralized by various Common Stock with an aggregate market value of $2,200,000.		2,000,000		2,000,000

BHFTI-225

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (h)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $2,000,961; collateralized by various Common Stock with an aggregate market value of $2,200,429.		2,000,000	$	2,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $713,878; collateralized by various Common Stock with an aggregate market value of $778,859.		700,000		700,000
Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $709,055; collateralized by various Common Stock with an aggregate market value of $778,859.		700,000		700,000
Repurchase Agreement dated 07/18/18 at 2.370%, due on 10/05/18 with a maturity value of $1,005,201; collateralized by various Common Stock with an aggregate market value of $1,112,744.		1,000,000		1,000,000
Societe Generale Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $911,954; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $999,584.		900,000		900,000
Repurchase Agreement dated 03/16/18 at 2.310%, due on 10/01/18 with a maturity value of $1,114,046; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $1,221,713.		1,100,000		1,100,000
Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $1,113,693; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $1,221,713.		1,100,000		1,100,000
Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $1,113,199; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $1,221,713.		1,100,000		1,100,000
Repurchase Agreement dated 04/18/18 at 2.340%, due on 10/05/18 with a maturity value of $3,033,150; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $3,331,945.		3,000,000		3,000,000
Repurchase Agreement dated 05/10/18 at 2.340%, due on 10/05/18 with a maturity value of $3,533,670; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $3,887,269.		3,500,000		3,500,000
Repurchase Agreements—(Continued)
Societe Generale Repurchase Agreement dated 07/10/18 at 2.340%, due on 10/05/18 with a maturity value of $1,810,179; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $1,999,167.		1,800,000		1,800,000
				29,389,366
Time Deposits—0.2%
Cooperative Rabobank UA New York 2.150%, 10/01/18		1,000,000		1,000,000
DZ Bank AG 2.150%, 10/01/18		1,000,000		1,000,000
Nordea Bank New York 2.140%, 10/01/18		1,000,000		1,000,000
Svenska Handelsbanken AB 2.140%, 10/01/18		1,000,000		1,000,000
				4,000,000
Total Securities Lending Reinvestments (Cost $84,862,842)				84,875,111
Total Investments—98.3% (Cost $2,093,923,279)				2,170,897,233
Other assets and liabilities (net)—1.7%				38,320,122
Net Assets—100.0%			$	2,209,217,355

*	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, 2018, the market value of securities loaned was $82,418,692 and the collateral received consisted of cash in the amount of $84,829,604. The cash collateral investments are disclosed in the Consolidated Schedule of Investments and categorized as Securities Lending Reinvestments.
(c)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above.
(d)	Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.
(e)	The rate shown represents current yield to maturity.
(f)	All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of September 30, 2018, the market value of securities pledged was $22,685,264.
(g)	All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2018, the market value of securities pledged was $4,747,289.
(h)	Represents investment of cash collateral received from securities on loan as of September 30, 2018.
(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, 2018, the market value of 144A securities was $84,107,337, which is 3.8% of net assets.

BHFTI-226

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
CHF	9,555,246	UBSA		10/02/18		USD	9,857,670	$	(121,328	)
EUR	3,387,169	RBC		10/02/18		USD	3,943,467		(10,793	)
EUR	133,084,952	UBSA		10/02/18		USD	155,829,437		(1,311,090	)
GBP	8,967,934	UBSA		10/02/18		USD	11,771,292		(82,484	)
JPY	4,126,562,438	UBSA		10/02/18		USD	36,599,029		(280,049	)
SGD	10,335,895	ANZ		10/02/18		USD	7,571,918		(11,189	)
SGD	4,841,275	SSBT		10/02/18		USD	3,535,146		6,257
Contracts to Deliver
CHF	6,824,267	SSBT		10/02/18		USD	6,921,114	$	(32,490	)
CHF	1,771,047	SSBT		10/02/18		USD	1,832,889		28,276
CHF	959,932	SSBT		10/02/18		USD	971,602		(6,523	)
CHF	9,555,246	UBSA		01/07/19		USD	9,952,045		122,144
EUR	3,313,522	CBNA		10/02/18		USD	3,841,602		(5,564	)
EUR	128,847,228	RBC		10/02/18		USD	151,514,032		1,915,897
EUR	4,311,372	RBC		10/02/18		USD	5,050,009		44,289
EUR	133,084,952	UBSA		01/07/19		USD	157,138,594		1,311,336
GBP	8,967,934	CBNA		10/02/18		USD	11,831,111		142,303
GBP	8,967,934	UBSA		01/07/19		USD	11,828,669		82,628
JPY	4,126,562,438	CBNA		10/02/18		USD	37,303,844		984,865
JPY	4,126,562,438	UBSA		01/07/19		USD	36,893,917		278,731
SEK	33,064,400	SSBT		10/02/18		USD	3,779,311		58,943
SEK	33,064,400	SSBT		01/07/19		USD	3,778,126		24,789
SGD	15,177,170	SSBT		10/02/18		USD	11,156,760		54,628
SGD	10,335,895	ANZ		01/07/19		USD	7,587,443		10,455
Net Unrealized Appreciation								$	3,204,031

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts		Notional Value			Value/ Unrealized Appreciation/ (Depreciation)
Aluminum Futures		11/19/18		68		USD	3,517,300	$	(49,505	)
Australian 10 Year Treasury Bond Futures		12/17/18		711		AUD	91,614,511		(518,319	)
Brent Crude Oil Futures		01/31/19		96		USD	7,826,880		586,971
Coffee ‘C’ Futures		03/19/19		44		USD	1,746,525		5,324
Copper Futures		03/27/19		73		USD	5,155,625		(23,916	)
Corn Futures		03/14/19		280		USD	5,152,000		(362,301	)
Cotton No. 2 Futures		03/07/19		32		USD	1,236,640		(92,096	)
Euro STOXX 50 Index Futures		12/21/18		77		EUR	2,607,990		40,752
FTSE 100 Index Futures		12/21/18		23		GBP	1,721,895		65,076
Gasoline RBOB Futures		10/31/18		41		USD	3,591,575		374,254
Gold 100 oz. Futures		12/27/18		75		USD	8,971,500		(932,406	)
Kansas City Hard Red Winter Wheat Futures		03/14/19		48		USD	1,284,600		(157,267	)
Lean Hogs Futures		12/14/18		30		USD	695,100		27,512
Lean Hogs Futures		02/14/19		25		USD	658,500		11,176
Live Cattle Futures		02/28/19		72		USD	3,536,640		170,658
MSCI EAFE Index Mini Futures		12/21/18		257		USD	25,385,175		298,873
Natural Gas Futures		02/26/19		248		USD	7,249,040		28,120
New York Harbor ULSD Futures		10/31/18		35		USD	3,452,295		337,125
Nickel Futures		11/19/18		31		USD	2,336,346		(246,358	)
Nickel Futures		03/18/19		31		USD	2,358,480		(5,860	)
S&P 500 Index E-Mini Futures		12/21/18		2,120		USD	309,414,000		910,431
Silver Futures		12/27/18		35		USD	2,574,600		(341,241	)

BHFTI-227

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Futures Contracts—(Continued)

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
Soybean Futures		03/14/19		98			USD	4,276,475		$	32,786
Soybean Meal Futures		03/14/19		79			USD	2,437,940			(47,803	)
Soybean Oil Futures		03/14/19		111			USD	1,966,032			62,943
Sugar No. 11 Futures		02/28/19		170			USD	2,132,480			(172,432	)
TOPIX Index Futures		12/13/18		11			JPY	199,925,000			102,269
U.S. Treasury Long Bond Futures		12/19/18		538			USD	75,589,000			(1,411,127	)
U.S. Treasury Note 10 Year Futures		12/19/18		127			USD	15,085,219			(55,116	)
U.S. Treasury Note 2 Year Futures		12/31/18		180			USD	37,932,188			(92,952	)
U.S. Treasury Ultra Long Bond Futures		12/19/18		154			USD	23,759,313			(924,229	)
WTI Light Sweet Crude Oil Futures		02/19/19		101			USD	7,323,510			307,286
Wheat Futures		03/14/19		121			USD	3,189,863			27,356
Zinc Futures		01/14/19		31			USD	2,020,425			(130,875	)
Zinc Futures		03/18/19		31			USD	2,007,250			174,475
Futures Contracts—Short
Canada Government Bond 10 Year Futures		12/18/18		(443	)		CAD	(58,750,660	)		640,280
Euro STOXX 50 Index Futures		12/21/18		(835	)		EUR	(28,281,450	)		(465,403	)
Euro-Bund Futures		12/06/18		(356	)		EUR	(56,529,240	)		361,290
Euro-Schatz Futures		12/06/18		(522	)		EUR	(58,346,550	)		102,680
MSCI Emerging Markets Index Mini Futures		12/21/18		(846	)		USD	(44,402,310	)		(1,197,981	)
Nickel Futures		11/19/18		(31	)		USD	(2,336,346	)		6,974
Russell 2000 Index E-Mini Futures		12/21/18		(142	)		USD	(12,075,680	)		136,437
U.S. Treasury Note 10 Year Futures		12/19/18		(182	)		USD	(21,618,188	)		207,256
U.S. Treasury Note 5 Year Futures		12/31/18		(94	)		USD	(10,572,797	)		5,214
U.S. Treasury Note Ultra 10 Year Futures		12/19/18		(226	)		USD	(28,476,000	)		405,796
Zinc Futures		01/14/19		(31	)		USD	(2,020,425	)		(184,544	)
Net Unrealized Depreciation										$	(1,982,417	)

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 (Received)			Unrealized Depreciation
Pay	3M LIBOR		Quarterly	2.900%	Semi-Annually		07/10/28		USD	188,100,000	$	(3,307,607	)	$	(132,267	)	$	(3,175,340	)
Pay	3M LIBOR		Quarterly	2.935%	Semi-Annually		07/11/28		USD	189,300,000		(2,764,973	)		(51,934	)		(2,713,039	)
Pay	3M LIBOR		Quarterly	2.978%	Semi-Annually		05/07/28		USD	227,500,000		(2,403,924	)		(60,717	)		(2,343,207	)
Pay	3M LIBOR		Quarterly	3.018%	Semi-Annually		05/02/28		USD	68,000,000		(493,496	)		—			(493,496	)
Totals											$	(8,970,000	)	$	(244,918	)	$	(8,725,082	)

Glossary of Abbreviations

Counterparties

(ANZ)—	Australia & New Zealand Banking Corp.
(CBNA)—	Citibank N.A.
(RBC)—	Royal Bank of Canada
(SSBT)—	State Street Bank and Trust
(UBSA)—	UBS AG

Currencies

(AUD)—	Australian Dollar
(CAD)—	Canadian Dollar
(CHF)—	Swiss Franc
(EUR)—	Euro
(GBP)—	British Pound
(JPY)—	Japanese Yen
(SEK)—	Swedish Krona
(SGD)—	Singapore Dollar
(USD)—	United States Dollar

BHFTI-228

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Glossary of Abbreviations—(Continued)

Index Abbreviations

(FEDEFF PRV)—	Effective Federal Funds Rate
(ICE)—	Intercontinental Exchange, Inc.
(LIBOR)—	London Interbank Offered Rate
(SOFR)—	Secured Overnight Financing Rate

Other Abbreviations

(ADR)—	American Depositary Receipt
(CMO)—	Collateralized Mortgage Obligation
(GDR)—	Global Depositary Receipt

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2		Level 3		Total
Common Stocks
Aerospace & Defense	$	6,238,711	$	4,163,766	$	—	$	10,402,477
Air Freight & Logistics		—		2,346,295		—		2,346,295
Airlines		4,224,689		5,186,157		—		9,410,846
Auto Components		991,869		9,116,706		—		10,108,575
Automobiles		2,365,413		15,579,441		—		17,944,854
Banks		35,572,808		45,373,474		—		80,946,282
Beverages		8,418,425		10,789,090		—		19,207,515
Biotechnology		7,637,230		817,674		—		8,454,904
Building Products		1,850,636		2,090,435		—		3,941,071
Capital Markets		12,360,385		13,745,827		—		26,106,212
Chemicals		3,887,115		15,509,941		—		19,397,056
Commercial Services & Supplies		2,233,923		—		—		2,233,923
Communications Equipment		3,090,942		799,343		—		3,890,285
Construction & Engineering		—		7,709,988		—		7,709,988
Construction Materials		1,785,766		2,722,664		—		4,508,430
Consumer Finance		3,784,893		—		—		3,784,893
Containers & Packaging		2,817,042		—		—		2,817,042
Distributors		752,350		—		—		752,350
Diversified Consumer Services		89,971		—		—		89,971
Diversified Financial Services		3,677,467		4,829,736		—		8,507,203
Diversified Telecommunication Services		3,508,460		7,220,103		—		10,728,563
Electric Utilities		6,891,984		8,263,240		—		15,155,224
Electrical Equipment		1,509,709		4,283,019		—		5,792,728
Electronic Equipment, Instruments & Components		2,506,778		4,940,849		—		7,447,627
Energy Equipment & Services		112,385		—		—		112,385
Entertainment		7,021,078		1,485,258		—		8,506,336
Equity Real Estate Investment Trusts		8,347,897		2,569,561		—		10,917,458
Food & Staples Retailing		2,638,922		11,877,308		—		14,516,230
Food Products		2,320,684		10,232,314		—		12,552,998
Gas Utilities		—		538,322		—		538,322
Health Care Equipment & Supplies		8,445,876		1,248,958		—		9,694,834
Health Care Providers & Services		12,432,149		749,912		—		13,182,061

BHFTI-229

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1			Level 2			Level 3		Total
Health Care Technology	$	1,408,426		$	—		$	—	$	1,408,426
Hotels, Restaurants & Leisure		2,627,689			7,856,532			—		10,484,221
Household Durables		596,007			11,381,489			—		11,977,496
Household Products		2,033,522			891,273			—		2,924,795
Independent Power and Renewable Electricity Producers		—			676,810			—		676,810
Industrial Conglomerates		3,559,868			6,324,606			—		9,884,474
Insurance		10,067,598			35,411,552			—		45,479,150
Interactive Media & Services		16,157,500			7,269,601			—		23,427,101
Internet & Direct Marketing Retail		20,693,194			—			—		20,693,194
IT Services		18,848,508			13,179,937			—		32,028,445
Life Sciences Tools & Services		2,241,774			241,376			—		2,483,150
Machinery		9,818,635			8,725,736			—		18,544,371
Marine		—			381,779			—		381,779
Media		6,426,800			3,879,357			—		10,306,157
Metals & Mining		1,627,460			16,692,309			—		18,319,769
Multi-Utilities		1,989,433			2,546,159			—		4,535,592
Multiline Retail		4,164,048			3,359,875			—		7,523,923
Oil, Gas & Consumable Fuels		19,875,295			30,170,020			—		50,045,315
Paper & Forest Products		—			4,179,080			—		4,179,080
Personal Products		1,238,596			4,759,597			—		5,998,193
Pharmaceuticals		16,739,365			35,566,854			—		52,306,219
Professional Services		—			3,116,319			—		3,116,319
Real Estate Management & Development		972,625			3,647,976			—		4,620,601
Road & Rail		4,652,651			5,638,020			—		10,290,671
Semiconductors & Semiconductor Equipment		19,216,429			5,392,907			—		24,609,336
Software		22,629,021			3,711,599			—		26,340,620
Specialty Retail		11,282,418			3,319,925			—		14,602,343
Technology Hardware, Storage & Peripherals		19,506,191			2,017,207			—		21,523,398
Textiles, Apparel & Luxury Goods		2,319,933			5,488,813			—		7,808,746
Thrifts & Mortgage Finance		—			5,128,913			—		5,128,913
Tobacco		2,482,865			8,178,021			—		10,660,886
Trading Companies & Distributors		2,002,190			12,247,212			—		14,249,402
Wireless Telecommunication Services		904,340			5,786,831			—		6,691,171
Total Common Stocks		383,597,938			451,357,066			—		834,955,004
Total Corporate Bonds & Notes*		—			446,905,793			—		446,905,793
Total Convertible Bonds*		—			407,900,564			—		407,900,564
Total U.S. Treasury & Government Agencies*		—			80,129,084			—		80,129,084
Total Convertible Preferred Stocks*		17,999,930			—			—		17,999,930
Total Asset-Backed Securities*		—			9,648,226			—		9,648,226
Total Mortgage-Backed Securities*		—			2,634,344			—		2,634,344
Total Preferred Stock*		—			1,339,191			—		1,339,191
Total Short-Term Investments*		—			284,509,986			—		284,509,986
Total Securities Lending Reinvestments*		—			84,875,111			—		84,875,111
Total Investments	$	401,597,868		$	1,769,299,365		$	—	$	2,170,897,233
Collateral for Securities Loaned (Liability)	$	—		$	(84,829,604	)	$	—	$	(84,829,604	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	5,065,541		$	—	$	5,065,541
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(1,861,510	)		—		(1,861,510	)
Total Forward Contracts	$	—		$	3,204,031		$	—	$	3,204,031
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	5,429,314		$	—		$	—	$	5,429,314
Futures Contracts (Unrealized Depreciation)		(7,411,731	)		—			—		(7,411,731	)
Total Futures Contracts	$	(1,982,417	)	$	—		$	—	$	(1,982,417	)
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Depreciation)	$	—		$	(8,725,082	)	$	—	$	(8,725,082	)

* See Consolidated Schedule of Investments for additional detailed categorizations.

Transfers from Level 1 to Level 2 in the amount of $41,911 were due to the application of a systematic fair valuation model factor. Transfers from Level 2 to Level 1 in the amount of $5,637,177 were due to the discontinuation of a systematic fair valuation model factor.

BHFTI-230

Brighthouse Funds Trust I

JPMorgan Small Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—95.6% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—0.9%
Curtiss-Wright Corp.		20,300	$	2,789,626
Moog, Inc. - Class A		21,700		1,865,549
				4,655,175
Auto Components—0.3%
Cooper-Standard Holdings, Inc. (a)		2,000		239,960
Stoneridge, Inc. (a)		39,000		1,159,080
				1,399,040
Banks—15.1%
1st Source Corp.		27,291		1,436,052
American National Bankshares, Inc.		1,600		62,400
BancFirst Corp.		32,400		1,942,380
BancorpSouth Bank (b)		68,400		2,236,680
Bank of Hawaii Corp.		41,300		3,258,983
Banner Corp. (b)		38,400		2,387,328
Bryn Mawr Bank Corp.		7,800		365,820
Cadence BanCorp		4,400		114,928
Cathay General Bancorp (b)		52,100		2,159,024
Central Pacific Financial Corp.		115,501		3,052,691
Central Valley Community Bancorp		6,100		131,821
Century Bancorp, Inc. - Class A		2,100		151,725
Citizens & Northern Corp.		4,900		128,135
City Holding Co. (b)		36,609		2,811,571
Community Bank System, Inc. (b)		34,300		2,094,701
Community Trust Bancorp, Inc.		30,916		1,432,957
East West Bancorp, Inc.		3,128		188,837
Enterprise Financial Services Corp.		39,300		2,084,865
FCB Financial Holdings, Inc. - Class A (a)		62,200		2,948,280
Financial Institutions, Inc.		17,599		552,609
First Bancorp		7,700		311,927
First BanCorp (a)		306,100		2,785,510
First Citizens BancShares, Inc. - Class A		2,100		949,788
First Commonwealth Financial Corp.		307,100		4,956,594
First Community Bancshares, Inc.		15,200		514,976
First Financial Bancorp		44,391		1,318,413
First Financial Bankshares, Inc.		19,100		1,128,810
First Financial Corp.		5,200		261,040
First Hawaiian, Inc.		24,400		662,704
First Interstate BancSystem, Inc. - Class A		25,522		1,143,386
Flushing Financial Corp.		36,900		900,360
Glacier Bancorp, Inc. (b)		53,600		2,309,624
Great Southern Bancorp, Inc.		9,300		514,755
Great Western Bancorp, Inc. (b)		26,400		1,113,816
Hancock Holding Co.		6,600		313,830
Hope Bancorp, Inc. (b)		115,429		1,866,487
Independent Bank Corp.		13,900		328,735
Investors Bancorp, Inc.		246,100		3,019,647
Lakeland Financial Corp.		10,500		488,040
Mercantile Bank Corp.		4,800		160,176
OFG Bancorp		81,245		1,312,107
PacWest Bancorp		37,500		1,786,875
Preferred Bank (b)		4,500		263,250
Republic Bancorp, Inc. - Class A		5,000		230,500
S&T Bancorp, Inc. (b)		5,500		238,480
South State Corp.		1,800		147,600

Security Description	Shares		Value
Banks—(Continued)
State Bank Financial Corp.		14,500	$	437,610
Stock Yards Bancorp, Inc.		4,800		174,240
Tompkins Financial Corp.		5,659		459,454
TriState Capital Holdings, Inc. (a) (b)		6,400		176,640
Trustmark Corp. (b)		89,600		3,015,040
UMB Financial Corp. (b)		56,300		3,991,670
Umpqua Holdings Corp.		149,161		3,102,549
Union Bankshares Corp. (b)		30,574		1,178,016
Washington Trust Bancorp, Inc.		9,600		530,880
Webster Financial Corp.		28,200		1,662,672
West Bancorp, Inc.		3,270		76,845
Westamerica Bancorp (b)		86,900		5,227,904
				78,602,737
Biotechnology—1.5%
Acorda Therapeutics, Inc. (a) (b)		8,400		165,060
AMAG Pharmaceuticals, Inc. (a)		61,900		1,238,000
Arcus Biosciences, Inc. (a) (b)		83,239		1,160,352
Enanta Pharmaceuticals, Inc. (a) (b)		8,800		752,048
Epizyme, Inc. (a)		62,400		661,440
Fate Therapeutics, Inc. (a)		76,600		1,247,814
Five Prime Therapeutics, Inc. (a) (b)		40,700		566,544
Iovance Biotherapeutics, Inc. (a) (b)		72,800		819,000
Tocagen, Inc. (a) (b)		64,900		1,011,791
				7,622,049
Capital Markets—1.0%
Arlington Asset Investment Corp. - Class A (b)		11,000		102,740
Associated Capital Group, Inc. - Class A		2,800		119,140
Donnelley Financial Solutions, Inc. (a)		45,600		817,152
GAMCO Investors, Inc. - Class A		4,800		112,416
Oppenheimer Holdings, Inc. - Class A		17,609		556,444
Stifel Financial Corp.		41,000		2,101,660
Virtus Investment Partners, Inc.		13,300		1,512,875
				5,322,427
Chemicals—1.0%
FutureFuel Corp.		42,600		789,804
Minerals Technologies, Inc.		23,600		1,595,360
Trinseo S.A.		32,900		2,576,070
Tronox, Ltd. - Class A		18,700		223,465
				5,184,699
Commercial Services & Supplies—1.5%
ACCO Brands Corp.		397,600		4,492,880
Ennis, Inc.		21,100		431,495
Essendant, Inc.		54,700		701,254
Quad/Graphics, Inc.		68,807		1,433,938
VSE Corp.		30,100		997,213
				8,056,780
Communications Equipment—1.8%
Ciena Corp. (a)		42,500		1,327,700
Comtech Telecommunications Corp.		9,000		326,430
InterDigital, Inc. (b)		17,000		1,360,000

BHFTI-231

Brighthouse Funds Trust I

JPMorgan Small Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Communications Equipment—(Continued)
NETGEAR, Inc. (a) (b)		15,600	$	980,460
NetScout Systems, Inc. (a) (b)		213,300		5,385,825
Ribbon Communications, Inc. (a)		20,900		142,747
				9,523,162
Construction & Engineering—1.6%
Argan, Inc. (b)		9,010		387,430
EMCOR Group, Inc.		68,100		5,114,991
KBR, Inc.		59,900		1,265,687
MYR Group, Inc. (a)		43,800		1,429,632
				8,197,740
Consumer Finance—0.2%
Nelnet, Inc. - Class A		22,900		1,309,193
Containers & Packaging—0.3%
Graphic Packaging Holding Co.		92,500		1,295,925
Myers Industries, Inc.		13,800		320,850
				1,616,775
Distributors—0.0%
Weyco Group, Inc.		1,700		59,806
Diversified Consumer Services—0.6%
Houghton Mifflin Harcourt Co. (a)		221,300		1,549,100
K12, Inc. (a)		98,800		1,748,760
				3,297,860
Diversified Financial Services—0.3%
Cannae Holdings, Inc. (a)		56,800		1,189,960
Marlin Business Services Corp.		8,174		235,820
				1,425,780
Diversified Telecommunication Services—0.5%
Frontier Communications Corp. (b)		322,250		2,091,402
Windstream Holdings, Inc. (a) (b)		125,020		612,598
				2,704,000
Electric Utilities—1.5%
El Paso Electric Co.		65,005		3,718,286
Portland General Electric Co.		83,300		3,799,313
Spark Energy, Inc. - Class A (b)		23,700		195,525
				7,713,124
Electrical Equipment—0.2%
Bloom Energy Corp. - Class A (a)		3,700		126,096
Powell Industries, Inc.		30,800		1,116,808
				1,242,904
Electronic Equipment, Instruments & Components—2.7%
Bel Fuse, Inc. - Class B		51,000		1,351,500
Benchmark Electronics, Inc. (b)		158,400		3,706,560
Fabrinet (a)		24,700		1,142,622

Security Description	Shares		Value
Electronic Equipment, Instruments & Components—(Continued)
Insight Enterprises, Inc. (a)		23,000	$	1,244,070
OSI Systems, Inc. (a) (b)		18,400		1,404,104
Tech Data Corp. (a) (b)		55,300		3,957,821
TTM Technologies, Inc. (a) (b)		51,800		824,138
Vishay Intertechnology, Inc. (b)		21,700		441,595
				14,072,410
Energy Equipment & Services—1.6%
Archrock, Inc.		199,200		2,430,240
FTS International, Inc. (a)		36,400		429,156
Natural Gas Services Group, Inc. (a)		11,200		236,320
Noble Corp. plc (a) (b)		326,575		2,295,822
U.S. Silica Holdings, Inc. (b)		92,400		1,739,892
Unit Corp. (a)		45,900		1,196,154
				8,327,584
Equity Real Estate Investment Trusts—9.8%
Alexander & Baldwin, Inc.		50,289		1,141,057
American Assets Trust, Inc.		59,900		2,233,671
Apartment Investment & Management Co. - Class A		49,600		2,188,848
Ashford Hospitality Trust, Inc.		225,395		1,440,274
Bluerock Residential Growth REIT, Inc.		11,500		112,700
Braemar Hotels & Resorts, Inc.		74,300		874,511
CBL & Associates Properties, Inc. (b)		91,200		363,888
Cedar Realty Trust, Inc.		69,100		322,006
City Office REIT, Inc.		12,100		152,702
CorEnergy Infrastructure Trust, Inc. (b)		19,482		732,134
CoreSite Realty Corp.		20,900		2,322,826
DiamondRock Hospitality Co.		276,100		3,222,087
EPR Properties		8,600		588,326
First Industrial Realty Trust, Inc.		31,700		995,380
Franklin Street Properties Corp.		83,500		667,165
Geo Group, Inc. (The)		230,000		5,786,800
Getty Realty Corp.		36,729		1,048,980
Gladstone Commercial Corp.		18,400		352,360
Hersha Hospitality Trust		42,600		965,742
Highwoods Properties, Inc.		7,500		354,450
Hospitality Properties Trust		40,100		1,156,484
InfraREIT, Inc.		101,600		2,148,840
Kite Realty Group Trust		30,600		509,490
LaSalle Hotel Properties		20,000		691,800
LTC Properties, Inc.		24,900		1,098,339
Mack-Cali Realty Corp.		106,800		2,270,568
Pebblebrook Hotel Trust (b)		83,900		3,051,443
Pennsylvania Real Estate Investment Trust (b)		111,900		1,058,574
Piedmont Office Realty Trust, Inc. - Class A		215,900		4,086,987
Preferred Apartment Communities, Inc. - Class A		50,000		879,000
PS Business Parks, Inc.		13,300		1,690,297
RLJ Lodging Trust		21,357		470,495
Saul Centers, Inc.		3,000		168,000
Select Income REIT		18,300		401,502
STAG Industrial, Inc.		17,700		486,750
Sunstone Hotel Investors, Inc.		126,673		2,072,370
Taubman Centers, Inc.		3,400		203,422
Urstadt Biddle Properties, Inc. - Class A		19,600		417,284
Washington Prime Group, Inc. (b)		164,747		1,202,653

BHFTI-232

Brighthouse Funds Trust I

JPMorgan Small Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Equity Real Estate Investment Trusts—(Continued)
Washington Real Estate Investment Trust		2,300	$	70,495
Xenia Hotels & Resorts, Inc.		49,900		1,182,630
				51,183,330
Food & Staples Retailing—0.1%
BJ’s Wholesale Club Holdings, Inc. (a) (b)		24,700		661,466
Food Products—0.7%
Darling Ingredients, Inc. (a)		197,100		3,807,972
Dean Foods Co. (b)		14,800		105,080
				3,913,052
Gas Utilities—1.6%
Northwest Natural Holding Co.		56,400		3,773,160
Southwest Gas Holdings, Inc.		37,900		2,995,237
Spire, Inc.		22,839		1,679,808
				8,448,205
Health Care Equipment & Supplies—0.3%
AngioDynamics, Inc. (a) (b)		37,400		813,076
FONAR Corp. (a)		10,000		249,000
Meridian Bioscience, Inc.		47,800		712,220
				1,774,296
Health Care Providers & Services—3.2%
American Renal Associates Holdings, Inc. (a)		84,900		1,838,085
Brookdale Senior Living, Inc. (a) (b)		86,600		851,278
Community Health Systems, Inc. (a) (b)		427,900		1,480,534
Cross Country Healthcare, Inc. (a)		17,500		152,775
LifePoint Health, Inc. (a)		37,850		2,437,540
Magellan Health, Inc. (a)		7,600		547,580
Molina Healthcare, Inc. (a) (b)		22,600		3,360,620
Owens & Minor, Inc. (b)		123,700		2,043,524
Patterson Cos., Inc. (b)		34,800		850,860
Tivity Health, Inc. (a) (b)		11,600		372,940
Triple-S Management Corp. - Class B (a)		80,700		1,524,423
WellCare Health Plans, Inc. (a)		3,900		1,249,911
				16,710,070
Health Care Technology—0.3%
Allscripts Healthcare Solutions, Inc. (a)		107,100		1,526,175
Hotels, Restaurants & Leisure—2.3%
Brinker International, Inc. (b)		48,700		2,275,751
Penn National Gaming, Inc. (a)		85,300		2,808,076
Pinnacle Entertainment, Inc. (a)		153,900		5,184,891
Ruth’s Hospitality Group, Inc.		44,500		1,403,975
Speedway Motorsports, Inc.		10,300		183,855
				11,856,548
Household Durables—2.3%
Beazer Homes USA, Inc. (a)		77,700		815,850
Hamilton Beach Brands Holding Co. - Class A (b)		14,600		320,324
Helen of Troy, Ltd. (a)		7,100		929,390

Security Description	Shares		Value
Household Durables—(Continued)
Hovnanian Enterprises, Inc. - Class A (a) (b)		646,900	$	1,035,040
KB Home		239,900		5,736,009
Sonos, Inc. (a) (b)		70,000		1,122,800
TRI Pointe Group, Inc. (a) (b)		156,000		1,934,400
				11,893,813
Independent Power and Renewable Electricity Producers—0.7%
Atlantic Power Corp. (a) (b)		531,900		1,170,180
Clearway Energy, Inc. - Class C (b)		24,300		467,775
Pattern Energy Group, Inc. - Class A		69,900		1,388,913
Vistra Energy Corp. (a)		21,608		537,607
				3,564,475
Insurance—4.3%
Argo Group International Holdings, Ltd.		18,919		1,192,843
CNO Financial Group, Inc.		206,200		4,375,564
Global Indemnity, Ltd.		2,900		109,330
Hallmark Financial Services, Inc. (a)		18,421		202,631
HCI Group, Inc.		8,500		371,875
Heritage Insurance Holdings, Inc. (b)		151,600		2,246,712
Horace Mann Educators Corp.		18,911		849,104
MBIA, Inc. (a) (b)		327,500		3,500,975
Navigators Group, Inc. (The)		14,700		1,015,770
Primerica, Inc.		40,600		4,894,330
ProAssurance Corp.		33,100		1,554,045
Third Point Reinsurance, Ltd. (a)		99,300		1,290,900
Universal Insurance Holdings, Inc. (b)		14,200		689,410
				22,293,489
Interactive Media & Services—0.3%
Liberty TripAdvisor Holdings, Inc. - Class A (a)		122,000		1,811,700
Internet & Direct Marketing Retail—0.6%
Liberty Expedia Holdings, Inc. - Class A (a)		67,300		3,165,792
IT Services—1.1%
Perficient, Inc. (a)		54,500		1,452,425
Syntel, Inc. (a)		53,800		2,204,724
Travelport Worldwide, Ltd.		70,600		1,191,022
Unisys Corp. (a) (b)		45,600		930,240
				5,778,411
Machinery—2.5%
AGCO Corp. (b)		24,000		1,458,960
Briggs & Stratton Corp.		38,600		742,278
Douglas Dynamics, Inc.		68,042		2,987,044
Graham Corp.		6,500		183,105
Harsco Corp. (a)		55,300		1,578,815
Hurco Cos., Inc.		11,382		513,328
Kadant, Inc.		15,307		1,650,860
LB Foster Co. - Class A (a)		8,400		172,620
Wabash National Corp. (b)		194,100		3,538,443
				12,825,453

BHFTI-233

Brighthouse Funds Trust I

JPMorgan Small Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Marine—0.3%
Costamare, Inc.		253,900	$	1,647,811
Media—1.4%
Gannett Co., Inc.		283,600		2,838,836
Hemisphere Media Group, Inc. (a)		92,700		1,293,165
MSG Networks, Inc. - Class A (a) (b)		28,100		724,980
New Media Investment Group, Inc.		68,700		1,077,903
tronc, Inc. (a)		58,800		960,204
WideOpenWest, Inc. (a)		35,700		400,197
				7,295,285
Metals & Mining—2.1%
Carpenter Technology Corp. (b)		19,395		1,143,335
Kaiser Aluminum Corp.		27,300		2,977,338
Schnitzer Steel Industries, Inc. - Class A (b)		12,900		348,945
SunCoke Energy, Inc. (a)		96,100		1,116,682
Warrior Met Coal, Inc.		97,900		2,647,216
Worthington Industries, Inc.		59,000		2,558,240
				10,791,756
Mortgage Real Estate Investment Trusts—2.2%
AG Mortgage Investment Trust, Inc.		23,700		430,866
ARMOUR Residential REIT, Inc.		29,800		669,010
Capstead Mortgage Corp. (b)		440,558		3,484,814
Cherry Hill Mortgage Investment Corp.		77,000		1,393,700
Dynex Capital, Inc.		98,900		630,982
Invesco Mortgage Capital, Inc.		151,300		2,393,566
Two Harbors Investment Corp. (b)		172,645		2,577,590
				11,580,528
Multi-Utilities—1.0%
Avista Corp.		62,600		3,165,056
NorthWestern Corp.		33,083		1,940,649
Unitil Corp.		5,400		274,860
				5,380,565
Multiline Retail—1.0%
Dillard’s, Inc. - Class A (b)		67,300		5,137,682
Oil, Gas & Consumable Fuels—4.9%
Arch Coal, Inc. - Class A (b)		35,800		3,200,520
Delek U.S. Holdings, Inc. (b)		32,300		1,370,489
Denbury Resources, Inc. (a) (b)		512,700		3,178,740
EP Energy Corp. - Class A (a) (b)		470,200		1,100,268
Gulfport Energy Corp. (a) (b)		491,200		5,113,392
NACCO Industries, Inc. - Class A		12,200		399,550
PDC Energy, Inc. (a)		44,300		2,168,928
Peabody Energy Corp.		59,800		2,131,272
Renewable Energy Group, Inc. (a) (b)		63,700		1,834,560
REX American Resources Corp. (a)		26,600		2,009,630
Sanchez Energy Corp. (a) (b)		98,400		226,320
Ship Finance International, Ltd. (b)		29,200		405,880
W&T Offshore, Inc. (a)		262,700		2,532,428
				25,671,977

Security Description	Shares		Value
Paper & Forest Products—1.1%
Domtar Corp.		25,000	$	1,304,250
Louisiana-Pacific Corp.		4,500		119,205
Schweitzer-Mauduit International, Inc.		57,000		2,183,670
Verso Corp. - Class A (a)		58,800		1,979,796
				5,586,921
Personal Products—0.7%
Edgewell Personal Care Co. (a) (b)		77,800		3,596,694
Pharmaceuticals—1.5%
Endo International plc (a) (b)		145,800		2,453,814
Intra-Cellular Therapies, Inc. (a)		33,500		726,950
Mallinckrodt plc (a) (b)		78,000		2,286,180
Medicines Co. (The) (a) (b)		29,300		876,363
Prestige Brands Holdings, Inc. (a) (b)		40,900		1,549,701
				7,893,008
Professional Services—2.7%
Acacia Research Corp. (a)		99,700		319,040
Barrett Business Services, Inc.		28,260		1,887,203
CRA International, Inc.		6,800		341,496
FTI Consulting, Inc. (a)		62,200		4,552,418
Huron Consulting Group, Inc. (a)		55,400		2,736,760
ICF International, Inc.		10,700		807,315
Navigant Consulting, Inc.		96,000		2,213,760
TrueBlue, Inc. (a)		46,300		1,206,115
				14,064,107
Real Estate Management & Development—0.3%
Cushman & Wakefield plc (a) (b)		86,900		1,476,431
Road & Rail—0.9%
ArcBest Corp.		66,800		3,243,140
Covenant Transportation Group, Inc. - Class A (a)		10,900		316,754
YRC Worldwide, Inc. (a)		122,900		1,103,642
				4,663,536
Semiconductors & Semiconductor Equipment—2.7%
Amkor Technology, Inc. (a)		188,700		1,394,493
Cirrus Logic, Inc. (a)		131,700		5,083,620
Cypress Semiconductor Corp. (b)		41,802		605,711
Rambus, Inc. (a)		346,500		3,780,315
Xperi Corp. (b)		219,900		3,265,515
				14,129,654
Software—2.0%
Fair Isaac Corp. (a)		17,500		3,999,625
MicroStrategy, Inc. - Class A (a)		26,300		3,698,306
Progress Software Corp.		64,100		2,262,089
Synchronoss Technologies, Inc. (a) (b)		5,775		38,115
TiVo Corp. (b)		32,700		407,115
				10,405,250

BHFTI-234

Brighthouse Funds Trust I

JPMorgan Small Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Specialty Retail—2.5%
Cato Corp. (The) - Class A (b)		37,300	$	784,046
Chico’s FAS, Inc. (b)		47,300		410,091
Children’s Place, Inc. (The) (b)		28,200		3,603,960
Conn’s, Inc. (a) (b)		26,800		947,380
Hibbett Sports, Inc. (a) (b)		75,300		1,415,640
Murphy USA, Inc. (a)		30,200		2,580,892
Office Depot, Inc.		288,200		925,122
Party City Holdco, Inc. (a)		14,100		191,055
Sally Beauty Holdings, Inc. (a) (b)		65,200		1,199,028
Signet Jewelers, Ltd.		11,500		758,195
				12,815,409
Textiles, Apparel & Luxury Goods—1.0%
Deckers Outdoor Corp. (a)		17,200		2,039,576
Movado Group, Inc.		67,600		2,832,440
Perry Ellis International, Inc. (a)		13,800		377,154
				5,249,170
Thrifts & Mortgage Finance—2.8%
BankFinancial Corp.		34,485		549,691
Beneficial Bancorp, Inc.		288,455		4,874,890
First Defiance Financial Corp.		17,300		520,903
Meridian Bancorp, Inc.		78,400		1,332,800
Northfield Bancorp, Inc.		160,500		2,555,160
Oritani Financial Corp.		6,900		107,295
Radian Group, Inc.		28,000		578,760
Territorial Bancorp, Inc.		4,000		118,200
United Community Financial Corp.		10,700		103,469
United Financial Bancorp, Inc.		24,400		410,652
Washington Federal, Inc. (b)		88,800		2,841,600
Waterstone Financial, Inc.		22,300		382,445
WSFS Financial Corp.		4,995		235,514
				14,611,379
Tobacco—0.1%
Vector Group, Ltd. (b)		52,395		722,003
Trading Companies & Distributors—1.2%
DXP Enterprises, Inc. (a)		34,400		1,378,408
MRC Global, Inc. (a)		157,100		2,948,767
Nexeo Solutions, Inc. (a)		27,900		341,775
Titan Machinery, Inc. (a)		94,400		1,461,784
				6,130,734
Water Utilities—0.5%
American States Water Co.		35,800		2,188,812
California Water Service Group		5,000		214,500
				2,403,312
Total Common Stocks (Cost $419,361,869)				498,992,732

Short-Term Investment—4.1%
Security Description	Principal Amount*		Value
Repurchase Agreement—4.1%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $21,304,446; collateralized by U.S. Treasury Note at 2.375%, maturing 08/15/24, with a market value of $21,729,543.		21,302,670	$	21,302,670
Total Short-Term Investments (Cost $21,302,670)				21,302,670
Securities Lending Reinvestments (c)—22.8%
Certificates of Deposit—9.3%
Banco Del Estado De Chile New York 2.419%, 3M LIBOR + 0.100%, 11/14/18 (d)		1,000,000		999,983
Banco Santander S.A. 2.340%, 11/07/18		1,000,000		1,000,082
Bank of Montreal Zero Coupon, 10/31/18		2,993,606		2,994,187
Bank of Montreal (Chicago) 2.371%, 3M LIBOR + 0.030%, 11/06/18 (d)		1,000,000		999,998
Bank of Nova Scotia 2.618%, 3M LIBOR + 0.280%, 03/20/19 (d)		1,500,000		1,501,431
Barclays Bank plc 2.304%, 1M LIBOR + 0.200%, 02/04/19 (d)		2,000,000		1,999,594
Canadian Imperial Bank of Commerce 2.459%, 3M LIBOR + 0.120%, 01/14/19 (d)		1,000,000		1,000,297
Commonwealth Bank of Australia 2.358%, 1M LIBOR + 0.210%, 09/13/19 (d)		2,000,000		2,000,000
2.487%, 3M LIBOR + 0.140%, 04/23/19 (d)		500,000		500,179
Cooperative Rabobank UA 2.479%, 3M LIBOR + 0.140%, 10/16/18 (d)		1,000,000		1,000,075
Credit Agricole S.A. 2.463%, 1M LIBOR + 0.330%, 10/09/18 (d)		1,500,000		1,500,060
Credit Industriel et Commercial (NY) Zero Coupon, 01/25/19		987,228		992,030
2.364%, 1M LIBOR + 0.250%, 02/05/19 (d)		1,000,000		1,000,473
Industrial & Commercial Bank of China, Ltd. 2.500%, 10/24/18		1,000,000		1,000,013
2.500%, 11/15/18		2,000,000		1,999,952
Landesbank Baden-Wuettertemberg 2.180%, 10/02/18		2,000,000		2,000,004
Mitsubishi UFJ Trust and Banking Corp. Zero Coupon, 01/15/19		4,973,200		4,974,236
Natixis S.A. New York 2.431%, 3M LIBOR + 0.090%, 05/10/19 (d)		2,000,000		1,999,842
2.504%, 1M LIBOR + 0.370%, 02/14/19 (d)		1,500,000		1,501,003
2.533%, 3M LIBOR + 0.190%, 02/01/19 (d)		1,000,000		1,000,081
Royal Bank of Canada New York 2.378%, 1M LIBOR + 0.210%, 09/17/19 (d)		3,000,000		2,999,835
2.381%, 1M LIBOR + 0.250%, 01/11/19 (d)		500,000		500,165
Societe Generale 2.504%, 1M LIBOR + 0.400%, 10/02/18 (d)		500,000		499,992
Standard Chartered plc 2.396%, 1M LIBOR + 0.180%, 02/25/19 (d)		2,000,000		1,999,766
Sumitomo Mitsui Banking Corp. 2.321%, 1M LIBOR + 0.190%, 04/11/19 (d)		2,000,000		1,999,906

BHFTI-235

Brighthouse Funds Trust I

JPMorgan Small Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Sumitomo Mitsui Trust Bank, Ltd. 2.502%, 1M LIBOR + 0.320%, 11/21/18 (d)		1,500,000	$	1,500,000
Toronto-Dominion Bank 2.378%, 1M LIBOR + 0.210%, 09/17/19 (d)		3,000,000		3,000,000
Wells Fargo Bank N.A. 2.473%, 3M LIBOR + 0.140%, 07/11/19 (d)		2,000,000		2,000,228
2.475%, 3M LIBOR + 0.140%, 10/26/18 (d)		1,000,000		1,000,166
Westpac Banking Corp. 2.630%, FEDEFF PRV + 0.450%, 02/15/19 (d)		1,000,000		1,000,531
				48,464,109
Commercial Paper—2.4%
Bank of China, Ltd. 2.510%, 11/02/18		2,980,966		2,993,400
2.550%, 10/19/18		993,838		998,716
ING Funding LLC 2.448%, 3M LIBOR + 0.110%, 05/10/19 (d)		1,500,000		1,500,155
2.453%, 1M LIBOR + 0.320%, 02/08/19 (d)		2,000,000		2,001,022
Sheffield Receivables Co. 2.490%, 11/26/18		986,928		996,159
2.510%, SOFR + 0.350%, 11/28/18 (d)		500,000		500,137
Sinopec Century Bright Capital Investment, Ltd. 2.400%, 11/01/18		994,000		997,834
UBS AG 2.534%, 1M LIBOR + 0.430%, 02/01/19 (d)		1,500,000		1,501,384
Westpac Banking Corp. 2.408%, 3M LIBOR + 0.070%, 08/07/19 (d)		1,000,000		1,000,000
				12,488,807
Repurchase Agreements—9.4%
Citigroup Global Markets, Inc. Repurchase Agreement dated 05/03/18 at 2.440%, due on 10/05/18 with a maturity value of $1,010,506; collateralized by U.S. Treasury Obligations with rates ranging from 1.625% - 2.250%, maturity dates ranging from 11/30/19 - 11/15/27, and various Common Stock with an aggregate market value of $1,054,286.		1,000,000		1,000,000
Repurchase Agreement dated 07/25/18 at 2.570%, due on 11/02/18 with a maturity value of $503,569; collateralized by various Common Stock with an aggregate market value of $550,000.		500,000		500,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $1,900,355; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.625% - 2.875%, maturity dates ranging from 01/15/19 - 02/15/43, and an aggregate market value of $1,938,000.		1,900,000		1,900,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $1,200,224; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 1.750% - 2.875%, maturity dates ranging from 10/15/20 - 05/15/27, and an aggregate market value of $1,224,001.		1,200,000		1,200,000

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Citigroup Global Markets, Ltd. Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $1,800,336; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.375% - 3.125%, maturity dates ranging from 12/17/18 - 02/15/43, and an aggregate market value of $1,836,000.		1,800,000	$	1,800,000
Deutsche Bank AG, London Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $1,120,729; collateralized by various Common Stock with an aggregate market value of $1,224,655.		1,100,000		1,100,000
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $1,204,759; collateralized by various Common Stock with an aggregate market value of $1,333,495.		1,200,000		1,200,000
Macquarie Bank, Ltd., London Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $87,024; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 5.500%, maturity dates ranging from 08/31/19 - 05/15/48, and an aggregate market value of $88,680.		87,008		87,008
Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 08/01/17 at 2.720%, due on 12/31/18 with a maturity value of $779,297; collateralized by various Common Stock with an aggregate market value of $825,000.		750,000		750,000
Repurchase Agreement dated 10/26/16 at 2.720%, due on 12/31/18 with a maturity value of $2,226,299; collateralized by various Common Stock with an aggregate market value of $2,310,000.		2,100,000		2,100,000
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $15,007,204; collateralized by various Common Stock with an aggregate market value of $16,503,214.		15,000,000		15,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $1,924,577; collateralized by various Common Stock with an aggregate market value of $2,114,045.		1,900,000		1,900,000
Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $2,141,633; collateralized by various Common Stock with an aggregate market value of $2,336,576.		2,100,000		2,100,000
Repurchase Agreement dated 07/18/18 at 2.370%, due on 10/05/18 with a maturity value of $1,005,201; collateralized by various Common Stock with an aggregate market value of $1,112,744.		1,000,000		1,000,000
Repurchase Agreement dated 07/19/18 at 2.370%, due on 10/05/18 with a maturity value of $1,507,703; collateralized by various Common Stock with an aggregate market value of $1,669,116.		1,500,000		1,500,000

BHFTI-236

Brighthouse Funds Trust I

JPMorgan Small Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Societe Generale Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $3,238,397; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $3,554,075.		3,200,000	$	3,200,000
Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $3,138,590; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $3,443,010.		3,100,000		3,100,000
Repurchase Agreement dated 03/16/18 at 2.310%, due on 10/01/18 with a maturity value of $3,038,308; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $3,331,945.		3,000,000		3,000,000
Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $2,533,206; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,776,621.		2,500,000		2,500,000
Repurchase Agreement dated 07/10/18 at 2.340%, due on 10/05/18 with a maturity value of $1,508,483; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $1,665,973.		1,500,000		1,500,000
Repurchase Agreement dated 05/10/18 at 2.340%, due on 10/05/18 with a maturity value of $2,019,240; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,221,297.		2,000,000		2,000,000
Repurchase Agreement dated 04/18/18 at 2.340%, due on 10/05/18 with a maturity value of $1,011,050; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $1,110,648.		1,000,000		1,000,000
				49,437,008

Security Description	Principal Amount*		Value
Time Deposits—1.7%
Canadian Imperial Bank of Commerce 2.130%, 10/01/18		3,000,000	$	3,000,000
Cooperative Rabobank UA New York 2.150%, 10/01/18		2,000,000		2,000,000
DZ Bank AG 2.150%, 10/01/18		1,000,000		1,000,000
Erste Group Bank AG 2.170%, 10/01/18		2,000,000		2,000,000
Nordea Bank New York 2.140%, 10/01/18		1,000,000		1,000,000
				9,000,000
Total Securities Lending Reinvestments (Cost $119,383,427)				119,389,924
Total Investments—122.5% (Cost $560,047,966)				639,685,326
Other assets and liabilities (net)—(22.5)%				(117,672,065	)
Net Assets—100.0%			$	522,013,261

*	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, 2018, the market value of securities loaned was $116,219,057 and the collateral received consisted of cash in the amount of $119,346,772. 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, 2018.
(d)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. 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.

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts		Notional Amount			Value/ Unrealized Depreciation
Russell 2000 Index Mini Futures		12/21/18		255		USD	21,685,200	$	(338,993	)

BHFTI-237

Brighthouse Funds Trust I

JPMorgan Small Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Glossary of Abbreviations

Currencies

(USD)— United States Dollar

Other Abbreviations

(FEDEFF PRV)—	Effective Federal Funds Rate
(LIBOR)—	London Interbank Offered Rate
(REIT)—	Real Estate Investment Trust
(SOFR)—	Secured Overnight Financing Rate

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1			Level 2			Level 3		Total
Total Common Stocks*	$	498,992,732		$	—		$	—	$	498,992,732
Total Short-Term Investment*		—			21,302,670			—		21,302,670
Total Securities Lending Reinvestments*		—			119,389,924			—		119,389,924
Total Investments	$	498,992,732		$	140,692,594		$	—	$	639,685,326
Collateral for Securities Loaned (Liability)	$	—		$	(119,346,772	)	$	—	$	(119,346,772	)
Futures Contracts
Futures Contracts (Unrealized Depreciation)	$	(338,993	)	$	—		$	—	$	(338,993	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-238

Brighthouse Funds Trust I

Loomis Sayles Global Markets Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—67.3% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—3.9%
Northrop Grumman Corp.		32,078	$	10,180,595
Thales S.A.		55,174		7,832,308
				18,012,903
Banks—2.3%
HDFC Bank, Ltd.		125,096		3,467,299
M&T Bank Corp.		42,916		7,061,399
				10,528,698
Building Products—1.5%
Assa Abloy AB - Class B		210,615		4,233,565
Geberit AG		5,291		2,451,862
				6,685,427
Capital Markets—7.2%
Goldman Sachs Group, Inc. (The)		33,821		7,584,021
Intercontinental Exchange, Inc.		105,414		7,894,455
Julius Baer Group, Ltd. (a)		86,816		4,339,051
London Stock Exchange Group plc		96,274		5,751,505
S&P Global, Inc.		38,404		7,503,758
				33,072,790
Chemicals—4.4%
LyondellBasell Industries NV - Class A		56,688		5,811,087
Sherwin-Williams Co. (The)		32,225		14,669,142
				20,480,229
Electronic Equipment, Instruments & Components—1.0%
Halma plc		246,893		4,646,380
Food Products—3.8%
McCormick & Co., Inc. (b)		58,370		7,690,248
Nestle S.A.		117,495		9,788,048
				17,478,296
Health Care Equipment & Supplies—2.6%
Danaher Corp.		112,313		12,203,931
Health Care Providers & Services—2.3%
UnitedHealth Group, Inc.		39,061		10,391,788
Hotels, Restaurants & Leisure—2.3%
Marriott International, Inc. - Class A		80,477		10,625,378
Household Durables—0.8%
NVR, Inc. (a)		1,479		3,654,313
Household Products—0.6%
Reckitt Benckiser Group plc		32,113		2,933,660
Industrial Conglomerates—3.1%
Roper Technologies, Inc.		47,681		14,123,589
Insurance—5.4%
AIA Group, Ltd.		1,453,800		12,989,307
Legal & General Group plc		2,228,799		7,607,700
Travelers Cos., Inc. (The)		31,573		4,095,334
				24,692,341
Interactive Media & Services—4.8%
Alphabet, Inc. - Class A (a)		8,191		9,887,192
Alphabet, Inc. - Class C (a)		4,265		5,090,150
Facebook, Inc. - Class A (a)		43,005		7,072,602
				22,049,944
Internet & Direct Marketing Retail—5.9%
Alibaba Group Holding, Ltd. (ADR) (a) (b)		68,460		11,279,470
Amazon.com, Inc. (a)		6,216		12,450,648
Booking Holdings, Inc. (a)		1,791		3,553,344
				27,283,462
IT Services—4.3%
Accenture plc - Class A		42,127		7,170,015
CGI Group, Inc. - Class A (a)		118,100		7,614,577
Nomura Research Institute, Ltd.		100,800		5,087,398
				19,871,990
Life Sciences Tools & Services—1.4%
Mettler-Toledo International, Inc. (a)		10,429		6,351,052
Machinery—2.4%
Atlas Copco AB - A Shares		183,158		5,272,733
Parker-Hannifin Corp.		30,501		5,610,049
				10,882,782
Oil, Gas & Consumable Fuels—1.1%
EOG Resources, Inc.		40,339		5,146,046
Real Estate Management & Development—1.1%
CBRE Group, Inc. - Class A (a)		115,517		5,094,300
Semiconductors & Semiconductor Equipment—1.6%
Texas Instruments, Inc.		70,148		7,526,179
Software—2.4%
Temenos AG (a)		46,929		7,600,505
Tyler Technologies, Inc. (a)		14,482		3,548,959
				11,149,464
Specialty Retail—1.1%
Dufry AG (a) (b)		46,137		5,195,550
Total Common Stocks (Cost $217,458,286)				310,080,492

BHFTI-239

Brighthouse Funds Trust I

Loomis Sayles Global Markets Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—20.9%

Security Description	Principal Amount*		Value
Advertising—0.0%
Outfront Media Capital LLC / Outfront Media Capital Corp. 5.250%, 02/15/22		25,000	$	25,313
5.875%, 03/15/25		55,000		55,550
				80,863
Aerospace/Defense—0.1%
Embraer Netherlands Finance B.V. 5.050%, 06/15/25		370,000		371,388
TransDigm, Inc. 6.500%, 07/15/24		76,000		77,862
6.500%, 05/15/25		75,000		76,406
				525,656
Airlines—0.6%
Air Canada Pass-Through Trust 3.300%, 01/15/30 (144A)		230,000		219,041
4.125%, 12/15/27 (144A)		158,122		156,414
American Airlines Pass-Through Trust 3.700%, 10/15/25		120,000		115,774
3.750%, 10/15/25		324,975		313,745
4.950%, 02/15/25		149,175		150,195
5.250%, 01/15/24		710,828		732,728
Delta Air Lines Pass-Through Trust 8.021%, 08/10/22		633,498		695,961
Latam Airlines Pass-Through Trust 4.200%, 11/15/27		256,680		247,055
U.S. Airways Pass-Through Trust 5.900%, 10/01/24		55,307		59,178
8.000%, 10/01/19		26,697		27,832
United Airlines Pass-Through Trust 3.650%, 10/07/25		81,360		77,868
				2,795,791
Auto Manufacturers—0.9%
Daimler Finance North America LLC 1.750%, 10/30/19 (144A)		210,000		206,956
FCE Bank plc 1.615%, 05/11/23 (EUR)		155,000		180,225
Ford Motor Co. 6.625%, 10/01/28		1,675,000		1,769,345
Ford Motor Credit Co. LLC 3.470%, 04/05/21		200,000		197,564
General Motors Co. 5.200%, 04/01/45		100,000		90,725
General Motors Financial Co., Inc. 3.450%, 04/10/22		100,000		98,413
5.250%, 03/01/26		295,000		301,868
Hyundai Capital America 2.750%, 09/27/26 (144A)		500,000		437,298
Hyundai Capital Services, Inc. 3.750%, 03/05/23 (144A)		260,000		256,670
Kia Motors Corp. 3.000%, 04/25/23 (144A)		380,000		361,569
Auto Manufacturers—(Continued)
Nissan Motor Acceptance Corp. 3.650%, 09/21/21 (144A)		230,000		230,572
				4,131,205
Auto Parts & Equipment—0.5%
Allison Transmission, Inc. 4.750%, 10/01/27 (144A)		105,000		99,094
Aptiv plc 1.600%, 09/15/28 (EUR)		100,000		110,528
Goodyear Tire & Rubber Co. (The) 4.875%, 03/15/27 (b)		425,000		390,468
7.000%, 03/15/28		1,228,000		1,277,120
Tupy Overseas S.A. 6.625%, 07/17/24 (144A)		200,000		202,500
				2,079,710
Banks—2.0%
Banco Santander S.A. 3.125%, 02/23/23		200,000		189,773
Bank of Montreal 1.750%, 06/15/21 (144A)		255,000		245,217
Barclays plc 3.650%, 03/16/25		225,000		211,293
BNP Paribas S.A. 4.625%, 03/13/27 (144A)		355,000		350,231
Canadian Imperial Bank of Commerce 1.600%, 09/06/19		300,000		296,597
Commerzbank AG 4.000%, 03/23/26 (EUR)		50,000		62,538
Commonwealth Bank of Australia 2.250%, 03/10/20 (144A)		350,000		345,521
Cooperative Rabobank UA 4.375%, 08/04/25		350,000		346,444
Credit Agricole S.A. 4.125%, 01/10/27 (144A) (b)		665,000		643,120
4.375%, 03/17/25 (144A)		200,000		195,598
Danske Bank A/S 3.875%, 09/12/23 (144A)		200,000		196,084
Dexia Credit Local S.A. 2.250%, 02/18/20 (144A)		250,000		247,324
HSBC Holdings plc 4.375%, 11/23/26		200,000		196,471
5.750%, 12/20/27 (GBP)		110,000		168,262
ICICI Bank, Ltd. 3.800%, 12/14/27		390,000		350,422
Industrial & Commercial Bank of China, Ltd. 2.957%, 11/08/22 (b)		250,000		240,223
ING Bank NV 1.650%, 08/15/19 (144A)		210,000		207,700
Intesa Sanpaolo S.p.A. 3.928%, 09/15/26 (EUR)		160,000		185,864
5.710%, 01/15/26 (144A) (b)		250,000		227,969
Kasikornbank PCL 3.256%, 07/12/23		375,000		361,510

BHFTI-240

Brighthouse Funds Trust I

Loomis Sayles Global Markets Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
Lloyds Banking Group plc 4.500%, 11/04/24		200,000	$	196,411
Morgan Stanley 4.350%, 09/08/26		315,000		312,333
National Australia Bank, Ltd. 2.500%, 01/12/21		250,000		244,792
Royal Bank of Scotland Group plc 6.000%, 12/19/23		470,000		489,678
Santander UK Group Holdings plc 4.750%, 09/15/25 (144A)		200,000		194,943
Siam Commercial Bank PCL 3.500%, 04/07/19 (144A)		420,000		419,919
Societe Generale S.A. 4.750%, 11/24/25 (144A)		260,000		257,614
Standard Chartered plc 3.125%, 11/19/24 (EUR)		250,000		308,679
Toronto-Dominion Bank (The) 3.500%, 07/19/23 (b)		335,000		334,316
United Overseas Bank, Ltd. 3.200%, 04/23/21 (144A)		735,000		730,108
Woori Bank 5.875%, 04/13/21 (144A)		200,000		208,384
				8,965,338
Beverages—0.1%
Anheuser-Busch InBev Finance, Inc. 3.650%, 02/01/26		345,000		334,771
Constellation Brands, Inc. 4.750%, 11/15/24		110,000		113,853
				448,624
Building Materials—0.5%
Cemex Finance LLC 6.000%, 04/01/24 (144A)		465,000		478,964
CIMPOR Financial Operations B.V. 5.750%, 07/17/24 (144A) (b)		410,000		285,840
Jeld-Wen, Inc. 4.625%, 12/15/25 (144A)		1,695,000		1,563,637
Masco Corp. 6.500%, 08/15/32		8,000		8,763
7.750%, 08/01/29		94,000		111,449
				2,448,653
Chemicals—0.8%
Air Liquide Finance S.A. 1.375%, 09/27/19 (144A)		305,000		300,343
Braskem Finance, Ltd. 5.750%, 04/15/21 (144A)		200,000		205,350
Chandra Asri Petrochemical Tbk PT 4.950%, 11/08/24		200,000		174,748
Chemours Co. (The) 6.625%, 05/15/23		13,000		13,580
Hexion, Inc. 7.875%, 02/15/23 (c)		899,000		719,200
Chemicals—(Continued)
Hexion, Inc. 9.200%, 03/15/21 (c)		1,910,000		1,547,100
Incitec Pivot Finance LLC 6.000%, 12/10/19 (144A)		80,000		82,054
INVISTA Finance LLC 4.250%, 10/15/19 (144A)		305,000		304,527
Syngenta Finance NV 1.250%, 09/10/27 (EUR)		200,000		203,028
Yingde Gases Investment, Ltd. 6.250%, 01/19/23		200,000		193,020
				3,742,950
Commercial Services—0.1%
DP World Crescent, Ltd. 4.848%, 09/26/28 (144A)		435,000		430,867
Computers—0.2%
Dell International LLC / EMC Corp. 6.020%, 06/15/26 (144A)		165,000		175,716
8.100%, 07/15/36 (144A)		210,000		251,769
8.350%, 07/15/46 (144A)		150,000		186,245
Hewlett Packard Enterprise Co. 6.350%, 10/15/45		160,000		164,202
				777,932
Cosmetics/Personal Care—0.0%
Avon Products, Inc. 8.950%, 03/15/43		40,000		35,800
Diversified Financial Services—2.4%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust 4.500%, 05/15/21		150,000		152,317
Ally Financial, Inc. 4.125%, 02/13/22		4,325,000		4,319,594
Antares Holdings L.P. 6.000%, 08/15/23 (144A)		255,000		255,958
BOC Aviation, Ltd. 2.750%, 09/18/22 (144A)		210,000		199,317
3.000%, 03/30/20		200,000		197,885
Jefferies Group LLC 6.250%, 01/15/36		175,000		176,816
Nationstar Mortgage Holdings, Inc. 9.125%, 07/15/26 (144A)		820,000		858,950
Navient Corp. 5.000%, 10/26/20		2,085,000		2,110,666
5.500%, 01/25/23		555,000		553,612
5.625%, 08/01/33		1,150,000		963,125
5.875%, 10/25/24		40,000		39,049
6.750%, 06/15/26		185,000		183,150
Quicken Loans, Inc. 5.250%, 01/15/28 (144A)		65,000		60,369
5.750%, 05/01/25 (144A)		60,000		59,925
Springleaf Finance Corp. 5.625%, 03/15/23		135,000		134,494
6.875%, 03/15/25		205,000		204,898

BHFTI-241

Brighthouse Funds Trust I

Loomis Sayles Global Markets Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Diversified Financial Services—(Continued)
Springleaf Finance Corp. 7.750%, 10/01/21		165,000	$	178,324
8.250%, 10/01/23		65,000		71,663
Unifin Financiera S.A. 7.250%, 09/27/23		245,000		241,937
				10,962,049
Electric—0.9%
AES Corp. 4.875%, 05/15/23		670,000		675,862
Electricite de France S.A. 4.500%, 09/21/28 (144A)		230,000		226,440
6.000%, 5Y GBP Swap + 3.960%, 12/29/49 (GBP) (d)		300,000		398,840
Emgesa S.A. E.S.P 8.750%, 01/25/21 (144A) (COP)		1,210,000,000		427,592
Empresas Publicas de Medellin E.S.P. 8.375%, 02/01/21 (144A) (COP)		1,610,000,000		546,789
Enel Chile S.A. 4.875%, 06/12/28		110,000		110,979
Enel Finance International NV 1.375%, 06/01/26 (EUR)		185,000		209,137
2.875%, 05/25/22 (144A)		245,000		232,987
Engie Energia Chile S.A. 5.625%, 01/15/21 (144A)		250,000		259,158
Gas Natural Fenosa Finance B.V. 1.500%, 01/29/28 (EUR)		200,000		227,028
Perusahaan Listrik Negara PT 5.250%, 10/24/42 (144A)		220,000		206,206
Transelec S.A. 4.250%, 01/14/25 (144A)		460,000		455,400
				3,976,418
Energy-Alternate Sources—0.0%
Greenko Dutch B.V. 5.250%, 07/24/24 (144A)		200,000		184,000
Engineering & Construction—0.0%
Sydney Airport Finance Co. Pty, Ltd. 3.375%, 04/30/25 (144A)		40,000		38,058
Food—1.2%
Danone S.A. 1.691%, 10/30/19 (144A)		225,000		221,682
New Albertsons, Inc. 6.625%, 06/01/28		50,000		37,875
7.450%, 08/01/29 (b)		5,700,000		4,702,500
8.000%, 05/01/31		215,000		181,675
Sigma Alimentos S.A. de C.V. 4.125%, 05/02/26		200,000		190,500
				5,334,232
Forest Products & Paper—0.1%
Inversiones CMPC S.A. 4.375%, 05/15/23 (144A)		400,000		399,882
Gas—0.1%
China Resources Gas Group, Ltd. 4.500%, 04/05/22 (144A)		200,000		201,963
NGL Energy Partners L.P. / NGL Energy Finance Corp. 6.125%, 03/01/25		265,000		248,437
6.875%, 10/15/21		20,000		20,396
7.500%, 11/01/23		125,000		125,625
				596,421
Healthcare-Services—1.8%
HCA, Inc. 7.050%, 12/01/27		80,000		85,800
7.500%, 11/06/33		5,060,000		5,484,433
7.580%, 09/15/25		375,000		417,187
7.750%, 07/15/36 (b)		1,420,000		1,547,800
Tenet Healthcare Corp. 5.125%, 05/01/25		85,000		83,725
6.875%, 11/15/31		920,000		823,584
				8,442,529
Home Builders—0.4%
K Hovnanian Enterprises, Inc. 5.000%, 11/01/21		700,000		605,500
TRI Pointe Group, Inc. 4.875%, 07/01/21		1,355,000		1,355,000
TRI Pointe Group, Inc. / TRI Pointe Homes, Inc. 4.375%, 06/15/19		30,000		30,150
				1,990,650
Housewares—0.0%
Newell Brands, Inc. 4.000%, 12/01/24		150,000		144,959
Insurance—0.5%
AIA Group, Ltd. 3.200%, 03/11/25 (144A)		200,000		190,076
3.900%, 04/06/28 (144A)		260,000		254,790
Allianz SE 2.241%, 3M EURIBOR + 2.650%, 07/07/45 (EUR) (d)		200,000		232,140
Assicurazioni Generali S.p.A. 4.125%, 05/04/26 (EUR)		200,000		239,223
Global Atlantic Fin Co. 8.625%, 04/15/21 (144A)		820,000		906,764
Old Republic International Corp. 4.875%, 10/01/24		175,000		179,996
Radian Group, Inc. 4.500%, 10/01/24		110,000		108,075
				2,111,064
Internet—0.1%
Alibaba Group Holding, Ltd. 3.400%, 12/06/27		240,000		223,598
Baidu, Inc. 3.875%, 09/29/23		200,000		197,800

BHFTI-242

Brighthouse Funds Trust I

Loomis Sayles Global Markets Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Internet—(Continued)
Tencent Holdings, Ltd. 2.985%, 01/19/23 (144A)		200,000	$	193,675
				615,073
Iron/Steel—0.1%
United States Steel Corp. 6.650%, 06/01/37		85,000		75,969
7.375%, 04/01/20		235,000		245,869
				321,838
Media—0.4%
COX Communications, Inc. 4.800%, 02/01/35 (144A)		5,000		4,661
CSC Holdings LLC 5.375%, 02/01/28 (144A)		200,000		191,000
DISH DBS Corp. 5.000%, 03/15/23 (b)		160,000		145,189
5.875%, 11/15/24		570,000		512,287
Grupo Televisa S.A.B. 7.250%, 05/14/43 (MXN)		6,000,000		228,272
Myriad International Holdings B.V. 6.000%, 07/18/20 (144A)		200,000		207,654
Time Warner Cable LLC 4.500%, 09/15/42		45,000		38,353
5.500%, 09/01/41		30,000		28,853
Viacom, Inc. 4.375%, 03/15/43		10,000		8,714
5.250%, 04/01/44		135,000		131,289
5.850%, 09/01/43		50,000		52,818
Ziggo B.V. 5.500%, 01/15/27 (144A)		325,000		304,931
				1,854,021
Mining—0.3%
Corp. Nacional del Cobre de Chile 3.625%, 08/01/27 (144A)		350,000		334,726
4.500%, 09/16/25 (144A)		225,000		229,548
4.500%, 09/16/25		230,000		234,649
Glencore Finance Canada, Ltd. 5.550%, 10/25/42 (144A) (b)		435,000		429,132
Hecla Mining Co. 6.875%, 05/01/21		320,000		320,800
				1,548,855
Multi-National—0.2%
Banco Latinoamericano de Comercio Exterior S.A. 3.250%, 05/07/20 (144A)		280,000		277,200
International Bank for Reconstruction & Development 2.500%, 03/12/20 (AUD)		500,000		362,728
International Finance Corp. 7.800%, 06/03/19 (INR)		29,000,000		399,295
				1,039,223
Oil & Gas—1.7%
Antero Resources Corp. 5.125%, 12/01/22		155,000		156,937
5.375%, 11/01/21		70,000		70,896
BP Capital Markets plc 3.216%, 11/28/23		175,000		171,654
California Resources Corp. 8.000%, 12/15/22 (144A)		580,000		553,175
Chesapeake Energy Corp. 4.875%, 04/15/22 (b)		2,145,000		2,083,331
5.750%, 03/15/23		130,000		126,588
6.125%, 02/15/21 (b)		200,000		204,650
6.625%, 08/15/20		75,000		78,375
Cimarex Energy Co. 4.375%, 06/01/24		675,000		680,697
Continental Resources, Inc. 3.800%, 06/01/24		180,000		176,465
4.500%, 04/15/23		195,000		198,386
5.000%, 09/15/22		28,000		28,406
Cosan Luxembourg S.A. 5.000%, 03/14/23 (144A)		200,000		191,000
Oasis Petroleum, Inc. 6.875%, 01/15/23		45,000		45,788
Petrobras Global Finance B.V. 4.375%, 05/20/23		250,000		237,450
5.999%, 01/27/28		545,000		502,762
Raizen Fuels Finance S.A. 5.300%, 01/20/27 (144A)		200,000		188,000
Range Resources Corp. 4.875%, 05/15/25 (b)		130,000		123,013
5.000%, 08/15/22		190,000		188,100
5.000%, 03/15/23		115,000		112,988
Sinopec Group Overseas Development, Ltd. 2.375%, 04/12/20 (144A)		300,000		295,801
Thaioil Treasury Center Co., Ltd. 3.625%, 01/23/23 (144A)		350,000		341,176
Whiting Petroleum Corp. 5.750%, 03/15/21		145,000		148,444
6.250%, 04/01/23		15,000		15,518
6.625%, 01/15/26		160,000		166,400
YPF S.A. 8.750%, 04/04/24 (144A)		410,000		408,462
16.500%, 05/09/22 (144A) (ARS)		5,400,000		82,127
				7,576,589
Oil & Gas Services—0.1%
Oceaneering International, Inc. 4.650%, 11/15/24		575,000		550,458
Packaging & Containers—0.4%
Owens-Brockway Glass Container, Inc. 5.375%, 01/15/25 (144A) (b)		1,230,000		1,217,700
Sealed Air Corp. 4.875%, 12/01/22 (144A)		10,000		10,100
5.500%, 09/15/25 (144A)		280,000		285,950

BHFTI-243

Brighthouse Funds Trust I

Loomis Sayles Global Markets Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Packaging & Containers—(Continued)
Silgan Holdings, Inc. 3.250%, 03/15/25 (EUR)		100,000	$	119,715
				1,633,465
Pharmaceuticals—1.1%
AbbVie, Inc. 2.500%, 05/14/20		4,330,000		4,280,910
Bayer U.S. Finance LLC 4.250%, 12/15/25 (144A)		240,000		238,194
Teva Pharmaceutical Finance Co. LLC 6.150%, 02/01/36		155,000		155,387
Teva Pharmaceutical Finance Netherlands II B.V. 0.375%, 07/25/20 (EUR)		215,000		245,322
				4,919,813
Pipelines—0.6%
Abu Dhabi Crude Oil Pipeline LLC 3.650%, 11/02/29		385,000		364,880
Enable Midstream Partners L.P. 5.000%, 05/15/44		125,000		112,362
Enbridge Energy Partners L.P. 7.375%, 10/15/45		90,000		118,788
Enbridge, Inc. 2.900%, 07/15/22		125,000		121,225
Energy Transfer L.P. / Regency Energy Finance Corp. 5.000%, 10/01/22		440,000		455,646
EnLink Midstream Partners L.P. 4.150%, 06/01/25		230,000		218,014
MPLX L.P. 4.500%, 07/15/23		10,000		10,251
4.875%, 06/01/25		40,000		41,312
ONEOK Partners L.P. 6.200%, 09/15/43		10,000		11,194
Targa Resources Partners L.P. / Targa Resources Partners Finance Corp. 6.750%, 03/15/24		530,000		558,488
Transcontinental Gas Pipe Line Co. LLC 7.850%, 02/01/26		560,000		681,882
				2,694,042
Real Estate—0.2%
Country Garden Holdings Co., Ltd. 7.500%, 03/09/20		200,000		203,627
Goodman Australia Industrial Fund Bond Issuer Pty, Ltd. 3.400%, 09/30/26 (144A)		215,000		199,400
Longfor Group Holdings, Ltd. 3.900%, 04/16/23		200,000		189,502
Prologis L.P. 2.250%, 06/30/29 (GBP)		135,000		164,503
				757,032
Real Estate Investment Trusts—0.2%
iStar, Inc. 5.000%, 07/01/19		1,117,000		1,118,871
Retail—0.1%
J.C. Penney Corp., Inc. 7.625%, 03/01/97		155,000		58,900
TRU Taj LLC / TRU Taj Finance, Inc. 11.000%, 01/22/19 (144A)		69,000		72,278
Walmart, Inc. 3.700%, 06/26/28		235,000		235,151
				366,329
Semiconductors—0.0%
Micron Technology, Inc. 5.500%, 02/01/25		104,000		107,548
Shipbuilding—0.0%
Huntington Ingalls Industries, Inc. 5.000%, 11/15/25 (144A)		180,000		186,206
Software—0.1%
Nuance Communications, Inc. 1.000%, 12/15/35		685,000		644,523
Telecommunications—2.1%
America Movil S.A.B. de C.V. 2.125%, 03/10/28 (EUR)		235,000		280,763
CenturyLink, Inc. 6.875%, 01/15/28		45,000		43,205
7.600%, 09/15/39		290,000		258,825
Cincinnati Bell, Inc. 7.000%, 07/15/24 (144A) (b)		170,000		155,975
8.000%, 10/15/25 (144A)		115,000		107,238
KT Corp. 2.500%, 07/18/26 (144A)		210,000		186,653
Level 3 Financing, Inc. 5.625%, 02/01/23		380,000		384,313
Level 3 Parent LLC 5.750%, 12/01/22		60,000		60,687
MTN Mauritius Investments, Ltd. 4.755%, 11/11/24 (144A)		400,000		361,772
Qwest Capital Funding, Inc. 7.750%, 02/15/31		1,125,000		1,044,844
Sprint Capital Corp. 6.875%, 11/15/28		1,250,000		1,255,862
8.750%, 03/15/32		350,000		393,641
Sprint Communications, Inc. 7.000%, 08/15/20		1,500,000		1,570,620
11.500%, 11/15/21		2,000,000		2,345,000
Windstream Services LLC / Windstream Finance Corp. 9.000%, 06/30/25 (144A)		40,000		30,900
10.500%, 06/30/24 (144A)		1,500,000		1,275,000
				9,755,298
Transportation—0.0%
FedEx Corp. 1.000%, 01/11/23 (EUR)		130,000		153,697
Total Corporate Bonds & Notes (Cost $95,010,087)				96,486,532

BHFTI-244

Brighthouse Funds Trust I

Loomis Sayles Global Markets Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Foreign Government—5.8%

Security Description	Principal Amount*		Value
Banks—0.0%
Korea Development Bank (The) 4.500%, 11/22/19 (AUD)		200,000	$	147,046
Diversified Financial Services—0.1%
CPPIB Capital, Inc. 0.375%, 06/20/24 (144A) (EUR)		250,000		288,807
Gas—0.1%
Korea Gas Corp. 2.750%, 07/20/22 (144A)		260,000		250,479
Provincial—0.4%
Province of Ontario Canada 1.875%, 05/21/20 (b)		2,045,000		2,007,536
Sovereign—5.2%
Argentine Republic Government International Bonds 6.875%, 04/22/21		150,000		143,326
7.125%, 06/28/17		505,000		392,637
7.625%, 04/22/46		530,000		429,835
Australia Government Bond 5.500%, 04/21/23 (AUD)		405,000		333,790
Bonos de la Tesoreria de la Republica en pesos 4.500%, 03/01/26 (CLP)		215,000,000		327,131
Brazil Notas do Tesouro Nacional 10.000%, 01/01/19 (BRL)		1,000,000		249,517
10.000%, 01/01/21 (BRL)		6,815,000		1,705,707
10.000%, 01/01/25 (BRL)		2,635,000		615,351
10.000%, 01/01/27 (BRL)		1,200,000		272,957
Brazilian Government International Bonds 4.625%, 01/13/28 (b)		290,000		265,498
8.500%, 01/05/24 (BRL)		350,000		84,281
Canadian Government Bonds 0.500%, 03/01/22 (CAD)		685,000		499,528
1.750%, 09/01/19 (CAD)		715,000		551,895
Chile Government International Bond 3.240%, 02/06/28		400,000		383,200
Colombia Government International Bond 3.875%, 04/25/27 (b)		200,000		194,000
Colombian TES 7.500%, 08/26/26 (COP)		1,880,000,000		665,198
Dominican Republic International Bonds 5.500%, 01/27/25 (144A)		530,000		531,987
6.000%, 07/19/28 (144A)		200,000		203,370
8.625%, 04/20/27 (144A) (e)		200,000		227,500
Export Development Canada 1.800%, 09/01/22 (CAD)		250,000		188,459
Export-Import Bank of Korea 3.000%, 11/01/22		200,000		194,723
France Government Bond OAT 4.250%, 10/25/23 (EUR)		1,295,000		1,823,954
Indonesia Government International Bonds 2.875%, 07/08/21 (144A) (EUR)		220,000		269,812
4.125%, 01/15/25 (144A)		200,000		196,714
4.750%, 01/08/26		200,000		202,739
4.750%, 01/08/26 (144A)		200,000		202,739
Sovereign—(Continued)
Indonesia Treasury Bonds 7.000%, 05/15/22 (IDR)		9,800,000,000		642,244
8.250%, 07/15/21 (IDR)		14,200,000,000		964,107
8.375%, 03/15/24 (IDR)		5,900,000,000		398,705
11.500%, 09/15/19 (IDR)		2,901,000,000		201,674
Italy Buoni Poliennali Del Tesoro 2.000%, 02/01/28 (EUR)		625,000		669,338
Kommunalbanken AS 1.750%, 09/15/20 (144A)		200,000		195,334
Korea Treasury Bond 2.000%, 09/10/22 (KRW)		380,000,000		340,300
Mexican Bonos 5.750%, 03/05/26 (MXN)		6,490,000		304,935
6.500%, 06/10/21 (MXN)		7,621,100		394,812
8.000%, 12/07/23 (MXN)		3,700,000		199,639
Mexico Government International Bonds 4.000%, 03/15/15 (EUR)		100,000		106,807
4.125%, 01/21/26		335,000		331,895
Norwegian Government Bond 2.000%, 05/24/23 (144A) (NOK)		5,567,000		698,111
Poland Government Bond 2.500%, 07/25/26 (PLN)		1,300,000		337,447
Senegal Government International Bond 4.750%, 03/13/28 (144A) (EUR) (e)		150,000		168,167
South Africa Government Bond 7.000%, 02/28/31 (ZAR)		29,665,000		1,719,956
Spain Government Bonds 0.750%, 07/30/21 (EUR)		390,000		461,866
1.600%, 04/30/25 (144A) (EUR)		180,000		218,376
4.300%, 10/31/19 (144A) (EUR)		530,000		646,002
4.400%, 10/31/23 (144A) (EUR)		525,000		724,916
Sweden Government Bond 5.000%, 12/01/20 (SEK)		2,650,000		333,610
Thailand Government Bond 2.125%, 12/17/26 (THB)		25,000,000		742,495
Turkey Government International Bond 6.125%, 10/24/28		355,000		319,756
United Kingdom Gilt 1.750%, 07/22/19 (GBP)		520,000		682,919
2.000%, 09/07/25 (GBP)		495,000		675,210
Uruguay Government International Bond 9.875%, 06/20/22 (144A) (UYU)		5,075,000		151,373
				23,785,842
Total Foreign Government (Cost $29,403,629)				26,479,710
U.S. Treasury & Government Agencies—1.4%
Agency Sponsored Mortgage—Backed—0.1%
Fannie Mae-Aces 2.876%, 11/25/27 (d)		350,000		330,403

BHFTI-245

Brighthouse Funds Trust I

Loomis Sayles Global Markets Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

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

Security Description	Principal Amount*		Value
U.S. Treasury—1.3%
U.S. Treasury Inflation Indexed Notes 0.125%, 04/15/22 (e)		1,051,773	$	1,022,014
0.375%, 07/15/27 (b) (e)		1,050,804		1,004,284
U.S. Treasury Notes 2.500%, 06/30/20		330,000		328,324
2.625%, 07/15/21		2,020,000		2,006,349
2.750%, 02/28/25		1,665,000		1,641,196
				6,002,167
Total U.S. Treasury & Government Agencies (Cost $6,427,163)				6,332,570
Convertible Bonds—0.6%
Chemicals—0.0%
RPM International, Inc. 2.250%, 12/15/20 (b)		20,000		24,624
Computers—0.0%
Western Digital Corp. 1.500%, 02/01/24		50,000		46,268
Home Builders—0.1%
KB Home 1.375%, 02/01/19		295,000		299,375
Internet—0.2%
Priceline Group, Inc. (The) 0.900%, 09/15/21 (b)		595,000		705,937
Media—0.2%
DISH Network Corp. 3.375%, 08/15/26		735,000		701,018
Oil & Gas—0.0%
Chesapeake Energy Corp. 5.500%, 09/15/26 (b)		15,000		14,816
SM Energy Co. 1.500%, 07/01/21		90,000		98,513
				113,329
Real Estate Investment Trusts—0.0%
iStar, Inc. 3.125%, 09/15/22		210,000		204,149
Semiconductors—0.1%
Rovi Corp. 0.500%, 03/01/20		485,000		460,862
Software—0.0%
Evolent Health, Inc. 2.000%, 12/01/21		75,000		100,749
Software—(Continued)
Nuance Communications, Inc. 1.250%, 04/01/25		70,000		72,052
				172,801
Telecommunications—0.0%
CalAmp Corp. 1.625%, 05/15/20		5,000		5,250
Total Convertible Bonds (Cost $2,556,174)				2,733,613
Municipals—0.3%
City of Oslo Norway 3.550%, 02/12/21 (NOK)		5,000,000		640,457
Tobacco Settlement Financing Corp. 6.706%, 06/01/46		675,000		669,128
Total Municipals (Cost $1,310,382)				1,309,585
Convertible Preferred Stocks—0.1%
Oil, Gas & Consumable Fuels—0.1%
Chesapeake Energy Corp. 5.000%, 12/31/49		694		42,771
5.750%, 12/31/49 (144A)		430		269,389
				312,160
Pipelines—0.0%
El Paso Energy Capital Trust I 4.750%, 03/31/28		5,580		262,204
Total Convertible Preferred Stocks (Cost $505,695)				574,364
Mortgage-Backed Securities—0.1%
Commercial Mortgage-Backed Securities—0.1%
GS Mortgage Securities Trust 5.977%, 08/10/45 (d)		2,644		2,679
Institutional Mortgage Securities Canada, Inc. 2.616%, 07/12/47 (144A) (CAD)		555,000		423,676
Total Mortgage-Backed Securities (Cost $520,456)				426,355
Short-Term Investments—2.9%
Repurchase Agreement—1.2%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $5,320,770; collateralized by U.S. Treasury Note at 2.250%, maturing 10/31/24, with a market value of $5,429,543.		5,320,326		5,320,326

BHFTI-246

Brighthouse Funds Trust I

Loomis Sayles Global Markets Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Short-Term Investments—(Continued)

Security Description	Principal Amount*		Value
U.S. Treasury—1.7%
U.S. Treasury Bill 2.061%, 11/29/18 (f)		8,000,000	$	7,972,221
Total Short-Term Investments (Cost $13,293,317)				13,292,547
Securities Lending Reinvestments (g)—5.2%
Certificates of Deposit—2.4%
Banco Del Estado De Chile New York 2.419%, 3M LIBOR + 0.100%, 11/14/18 (d)		1,000,000		999,983
Banco Santander S.A. 2.340%, 11/07/18		999,975		1,000,082
Bank of Nova Scotia 2.618%, 3M LIBOR + 0.280%, 03/20/19 (d)		1,000,000		1,000,954
Barclays Bank plc 2.304%, 1M LIBOR + 0.200%, 02/04/19 (d)		1,000,000		999,797
Credit Industriel et Commercial (NY) 2.364%, 1M LIBOR + 0.250%, 02/05/19 (d)		1,000,000		1,000,473
Landesbank Baden-Wuettertemberg 2.180%, 10/02/18		1,000,000		1,000,002
Mizuho Bank, Ltd., New York 2.468%, 1M LIBOR + 0.250%, 11/26/18 (d)		1,000,000		999,967
Royal Bank of Canada New York 2.381%, 1M LIBOR + 0.250%, 01/11/19 (d)		1,500,000		1,500,495
Sumitomo Mitsui Trust Bank, Ltd., London 2.528%, 1M LIBOR + 0.310%, 11/26/18 (d)		750,000		750,000
Wells Fargo Bank N.A. 2.473%, 3M LIBOR + 0.140%, 07/11/19 (d)		1,000,000		1,000,114
2.475%, 3M LIBOR + 0.140%, 10/26/18 (d)		500,000		500,083
Westpac Banking Corp. 2.630%, FEDEFF PRV + 0.450%, 02/15/19 (d)		500,000		500,265
				11,252,215
Commercial Paper—1.0%
Bank of China, Ltd. 2.550%, 10/19/18		993,838		998,716
ING Funding LLC 2.453%, 1M LIBOR + 0.320%, 02/08/19 (d)		1,500,000		1,500,767
Sheffield Receivables Co. 2.490%, 11/26/18		493,464		498,080
UBS AG 2.534%, 1M LIBOR + 0.430%, 02/01/19 (d)		1,500,000		1,501,384
				4,498,947
Repurchase Agreements—1.4%
Citigroup Global Markets, Inc. Repurchase Agreement dated 05/03/18 at 2.440%, due on 10/05/18 with a maturity value of $1,010,506; collateralized by U.S. Treasury Obligations with rates ranging from 1.625% - 2.250%, maturity dates ranging from 11/30/19 - 11/15/27, and various Common Stock with an aggregate market value of $1,054,286.		1,000,000		1,000,000
Repurchase Agreements—(Continued)
Citigroup Global Markets, Inc. Repurchase Agreement dated 01/25/17 at 2.720%, due on 12/31/18 with a maturity value of $1,053,267; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 2.220%, maturity dates ranging from 11/01/18 - 04/30/20, and an aggregate market value of $1,020,000.		1,000,000		1,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $21,562; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.625% - 2.875%, maturity dates ranging from 01/15/19 - 02/15/43, and an aggregate market value of $21,989.		21,558		21,558
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $13,971; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 1.750% - 2.875%, maturity dates ranging from 10/15/20 - 05/15/27, and an aggregate market value of $14,247.		13,968		13,968
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $19,040; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.375% - 3.125%, maturity dates ranging from 12/17/18 - 02/15/43, and an aggregate market value of $19,417.		19,036		19,036
Macquarie Bank, Ltd. London Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $1,648,109; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 5.500%, maturity dates ranging from 08/31/19 - 05/15/48, and an aggregate market value of $1,679,482.		1,647,807		1,647,807
Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 10/26/16 at 2.720%, due on 12/31/18 with a maturity value of $106,014; collateralized by various Common Stock with an aggregate market value of $110,000.		100,000		100,000
Repurchase Agreement dated 08/01/17 at 2.720%, due on 12/31/18 with a maturity value of $1,298,828; collateralized by various Common Stock with an aggregate market value of $1,375,000.		1,250,000		1,250,000
Societe Generale Repurchase Agreement dated 05/10/18 at 2.340%, due on 10/05/18 with a maturity value of $807,696; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $888,519.		800,000		800,000
Repurchase Agreement dated 07/10/18 at 2.340%, due on 10/05/18 with a maturity value of $703,959; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $777,454.		700,000		700,000
				6,552,369

BHFTI-247

Brighthouse Funds Trust I

Loomis Sayles Global Markets Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (g)—(Continued)

Security Description	Principal Amount*		Value
Time Deposits—0.4%
Canadian Imperial Bank of Commerce 2.130%, 10/01/18		1,000,000	$	1,000,000
Erste Group Bank AG 2.170%, 10/01/18		1,000,000		1,000,000
				2,000,000
Total Securities Lending Reinvestments (Cost $24,299,147)				24,303,531
Total Investments—104.6% (Cost $390,784,336)				482,019,299
Other assets and liabilities (net)—(4.6)%				(21,403,012	)
Net Assets—100.0%			$	460,616,287

*	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, 2018, the market value of securities loaned was $ 23,624,767 and the collateral received consisted of cash in the amount of $24,289,645. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(c)	Illiquid security. As of September 30, 2018, these securities represent 0.5% of net assets.
(d)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. 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)	Principal amount of security is adjusted for inflation.
(f)	The rate shown represents current yield to maturity.
(g)	Represents investment of cash collateral received from securities on loan as of September 30, 2018.
(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, 2018, the market value of 144A securities was $31,309,058, which is 6.8% of net assets.

Country Diversification as of September 30, 2018 (Unaudited)	% of Net Assets
United States		60.8
Switzerland		6.5
United Kingdom		5.3
Hong Kong		2.9
China		2.9
Canada		2.9
France		2.7
Sweden		2.1
Brazil		1.2
Japan		1.1

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
AUD	190,000	UBSA		12/19/18		USD	135,069	$	2,354
BRL	1,365,000	BOA		12/04/18		USD	327,676		8,627
CAD	750,000	UBSA		12/19/18		USD	576,857		4,774
CAD	100,000	UBSA		12/20/18		USD	76,915		637
EUR	8,745,000	MSC		12/19/18		USD	10,219,145		789
GBP	325,000	UBSA		12/19/18		USD	424,937		257
IDR	4,880,070,000	CSI		12/19/18		USD	322,032		2,230
IDR	4,900,205,000	CSI		12/19/18		USD	324,624		976
JPY	1,442,535,000	CSI		12/19/18		USD	13,038,804		(263,991	)
MXN	4,810,000	MSC		12/18/18		USD	252,814		1,169
MXN	1,345,000	UBSA		12/19/18		USD	70,580		430
ZAR	4,890,000	UBSA		12/19/18		USD	329,127		13,124
Contracts to Deliver
ARS	5,505,000	BOA		10/09/18		USD	181,086		49,024
BRL	11,350,000	BOA		12/04/18		USD	2,721,105		(75,260	)
CAD	750,000	UBSA		12/19/18		USD	577,498		(4,132	)
COP	3,029,855,000	CSI		12/19/18		USD	974,637		(46,405	)
IDR	34,605,710,000	CSI		12/19/18		USD	2,267,294		(32,124	)
MXN	1,345,000	UBSA		12/19/18		USD	68,663		(2,346	)
NOK	1,065,000	UBSA		12/19/18		USD	127,315		(3,979	)
THB	24,000,000	UBSA		12/19/18		USD	734,169		(9,797	)
ZAR	14,605,000	UBSA		12/19/18		USD	976,352		(45,851	)

BHFTI-248

Brighthouse Funds Trust I

Loomis Sayles Global Markets Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Cross Currency Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
EUR	600,460	CSI		12/19/18		NOK	5,900,000	$	(25,623	)
Net Unrealized Depreciation								$	(425,117	)

Glossary of Abbreviations

Counterparties

(BOA)—	Bank of America N.A.
(CSI)—	Credit Suisse International
(MSC)—	Morgan Stanley & Co.
(UBSA)—	UBS AG

Currencies

(CLP)—	Chilean Peso
(INR)—	Indian Rupee
(PLN)—	Polish Zloty
(KRW)—	South Korean Won
(SEK)—	Swedish Krona
(UYU)—	Uruguayan Peso
(ARS)—	Argentine Peso
(AUD)—	Australian Dollar
(BRL)—	Brazilian Real
(CAD)—	Canadian Dollar
(COP)—	Colombian Peso
(EUR)—	Euro
(GBP)—	British Pound
(IDR)—	Indonesian Rupiah
(JPY)—	Japanese Yen
(MXN)—	Mexican Peso
(NOK)—	Norwegian Krone
(THB)—	Thai Baht
(ZAR)—	South African Rand

Index Abbreviations

(FEDEFF PRV)—	Effective Federal Funds Rate
(EURIBOR)—	Euro Interbank Offered Rate
(LIBOR)—	London Interbank Offered Rate

Other Abbreviations

(ACES)—	Alternative Credit Enhancement Securities
(ADR)—	American Depositary Receipt

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2		Level 3		Total
Common Stocks
Aerospace & Defense	$	10,180,595	$	7,832,308	$	—	$	18,012,903
Banks		7,061,399		3,467,299		—		10,528,698
Building Products		—		6,685,427		—		6,685,427
Capital Markets		22,982,234		10,090,556		—		33,072,790
Chemicals		20,480,229		—		—		20,480,229
Electronic Equipment, Instruments & Components		—		4,646,380		—		4,646,380
Food Products		7,690,248		9,788,048		—		17,478,296
Health Care Equipment & Supplies		12,203,931		—		—		12,203,931

BHFTI-249

Brighthouse Funds Trust I

Loomis Sayles Global Markets Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy —(Continued)

Description	Level 1		Level 2			Level 3		Total
Health Care Providers & Services	$	10,391,788	$	—		$	—	$	10,391,788
Hotels, Restaurants & Leisure		10,625,378		—			—		10,625,378
Household Durables		3,654,313		—			—		3,654,313
Household Products		—		2,933,660			—		2,933,660
Industrial Conglomerates		14,123,589		—			—		14,123,589
Insurance		4,095,334		20,597,007			—		24,692,341
Interactive Media & Services		22,049,944		—			—		22,049,944
Internet & Direct Marketing Retail		27,283,462		—			—		27,283,462
IT Services		14,784,592		5,087,398			—		19,871,990
Life Sciences Tools & Services		6,351,052		—			—		6,351,052
Machinery		5,610,049		5,272,733			—		10,882,782
Oil, Gas & Consumable Fuels		5,146,046		—			—		5,146,046
Real Estate Management & Development		5,094,300		—			—		5,094,300
Semiconductors & Semiconductor Equipment		7,526,179		—			—		7,526,179
Software		3,548,959		7,600,505			—		11,149,464
Specialty Retail		—		5,195,550			—		5,195,550
Total Common Stocks		220,883,621		89,196,871			—		310,080,492
Total Corporate Bonds & Notes*		—		96,486,532			—		96,486,532
Total Foreign Government*		—		26,479,710			—		26,479,710
Total U.S. Treasury & Government Agencies*		—		6,332,570			—		6,332,570
Total Convertible Bonds*		—		2,733,613			—		2,733,613
Total Municipals		—		1,309,585			—		1,309,585
Convertible Preferred Stocks
Oil, Gas & Consumable Fuels		—		312,160			—		312,160
Pipelines		262,204		—			—		262,204
Total Convertible Preferred Stocks		262,204		312,160			—		574,364
Total Mortgage-Backed Securities*		—		426,355			—		426,355
Total Short-Term Investments*		—		13,292,547			—		13,292,547
Total Securities Lending Reinvestments*		—		24,303,531			—		24,303,531
Total Investments	$	221,145,825	$	260,873,474		$	—	$	482,019,299
Collateral for Securities Loaned (Liability)	$	—	$	(24,289,645	)	$	—	$	(24,289,645	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—	$	84,391		$	—	$	84,391
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—		(509,508	)		—		(509,508	)
Total Forward Contracts	$	—	$	(425,117	)	$	—	$	(425,117	)

* See Schedule of Investments for additional detailed categorizations.

Transfers from Level 1 to Level 2 in the amount of $4,566,333 were due to the application of a systematic fair valuation model factor. Transfers from Level 3 to Level 2 in the amount of $1,489,890 were due the resumption of trading activity which resulted in the availability of significant observable inputs.

BHFTI-250

Brighthouse Funds Trust I

MetLife Multi-Index Targeted Risk Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Mutual Funds—74.9% of Net Assets

Security Description	Shares/ Principal Amount*		Value
Affiliated Investment Companies—74.9%
MetLife Aggregate Bond Index Portfolio (Class A) (a)		75,058,542	$	779,858,253
MetLife Mid Cap Stock index Portfolio (Class A) (a)		4,338,268		85,637,409
MetLife MSCI EAFE Index Portfolio (Class A) (a)		16,115,819		224,493,353
MetLife Russell 2000 Index Portfolio (Class A) (a)		1,503,431		34,127,882
MetLife Stock Index Portfolio (Class A) (a)		6,234,516		340,778,632
Total Mutual Funds (Cost $1,417,067,129)				1,464,895,529
Short-Term Investments—25.3%
Discount Notes—16.1%
Fannie Mae 1.917%, 10/24/18 (b)		12,000,000		11,983,824
2.114%, 12/05/18 (b)		3,000,000		2,988,192
Federal Home Loan Bank 1.800%, 10/10/18 (b)		25,000,000		24,986,800
1.933%, 10/19/18 (b)		20,000,000		19,978,900
2.036%, 11/07/18 (b)		9,000,000		8,980,110
2.042%, 11/14/18 (b)		27,000,000		26,929,044
2.045%, 11/16/18 (b)		4,000,000		3,989,012
2.046%, 11/09/18 (b)		6,000,000		5,986,026
2.102%, 11/28/18 (b)		37,000,000		36,871,832
2.136%, 12/06/18 (b)		4,000,000		3,984,012
2.167%, 12/19/18 (b)		13,000,000		12,937,808
Freddie Mac 1.879%, 10/18/18 (b)		68,000,000		67,932,272
1.997%, 11/06/18 (b)		39,000,000		38,916,150
2.084%, 11/20/18 (b)		30,000,000		29,910,420
2.094%, 12/04/18 (b)		18,000,000		17,930,232
				314,304,634

Security Description	Principal Amount*		Value
U.S. Treasury—9.2%
U.S. Treasury Bills 1.863%, 10/18/18 (b) (c)		26,000,000	$	25,974,616
1.940%, 10/25/18 (b) (d)		20,000,000		19,972,300
1.981%, 11/08/18 (b)		66,000,000		65,855,616
2.003%, 11/15/18 (b) (d)		35,200,000		35,108,315
2.079%, 11/29/18 (b)		15,000,000		14,947,914
2.161%, 01/24/19 (b)		19,000,000		18,865,713
				180,724,474
Total Short-Term Investments (Cost $495,073,198)				495,029,108
Total Investments—100.2% (Cost $1,912,140,327)				1,959,924,637
Other assets and liabilities (net)—(0.2)%				(4,200,147	)
Net Assets—100.0%			$	1,955,724,490

*	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 centrally cleared swap contracts. As of September 30, 2018, the market value of securities pledged was $21,479,009.
(d)	All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2018, the market value of securities pledged was $31,442,346.

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts		Notional Amount			Value/ Unrealized Appreciation/ (Depreciation)
MSCI EAFE Index Mini Futures		12/21/18		2,359		USD	233,010,225	$	2,733,863
Russell 2000 Index Mini Futures		12/21/18		420		USD	35,716,800		(588,903	)
S&P 500 Index E-Mini Futures		12/21/18		2,422		USD	353,490,900		929,007
S&P Midcap 400 Index E-Mini Futures		12/21/18		425		USD	86,071,000		(1,213,833	)
Net Unrealized Appreciation								$	1,860,134

BHFTI-251

Brighthouse Funds Trust I

MetLife Multi-Index Targeted Risk Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Swap Agreements

Centrally Cleared Interest Rate Swaps

Pay/Receive Floating Rate	Floating Rate Index	Payment Frequency		Fixed Rate	Payment Frequency	Maturity Date		Notional Amount			Market Value			Upfront Premiums Paid/(Received)			Unrealized (Depreciation)
Pay	3M LIBOR		Quarterly	2.880%	Semi-Annually		07/18/28		USD	98,000,000	$	(2,159,391	)	$	(5,460	)	$	(2,153,931	)
Pay	3M LIBOR		Quarterly	2.950%	Semi-Annually		06/13/28		USD	97,000,000		(1,530,534	)		49,837			(1,580,371	)
Pay	3M LIBOR		Quarterly	2.975%	Semi-Annually		11/15/28		USD	97,000,000		(1,716,134	)		20,430			(1,736,564	)
Pay	3M LIBOR		Quarterly	2.990%	Semi-Annually		08/08/28		USD	97,000,000		(1,244,258	)		44,573			(1,288,831	)
Pay	3M LIBOR		Quarterly	3.010%	Semi-Annually		09/12/28		USD	97,000,000		(1,094,985	)		11,312			(1,106,297	)
Pay	3M LIBOR		Quarterly	2.950%	Semi-Annually		10/11/28		USD	98,000,000		(1,659,679	)		39,583			(1,699,262	)
Totals											$	(9,404,981	)	$	160,275		$	(9,565,256	)

Glossary of Abbreviations

Currencies

(USD)— United States Dollar

Index Abbreviations

(LIBOR)— London Interbank Offered Rate

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1			Level 2			Level 3		Total
Mutual Funds
Affiliated Investment Companies	$	1,464,895,529		$	—		$	—	$	1,464,895,529
Total Short-Term Investments*		—			495,029,108			—		495,029,108
Total Investments	$	1,464,895,529		$	495,029,108		$	—	$	1,959,924,637
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	3,662,870		$	—		$	—	$	3,662,870
Futures Contracts (Unrealized Depreciation)		(1,802,736	)		—			—		(1,802,736	)
Total Futures Contracts	$	1,860,134		$	—		$	—	$	1,860,134
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Depreciation)	$	—		$	(9,565,256	)	$	—	$	(9,565,256	)
Total Centrally Cleared Swap Contracts	$	—		$	(9,565,256	)	$	—	$	(9,565,256	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-252

Brighthouse Funds Trust I

MFS Research International Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—98.7% of Net Assets

Security Description	Shares		Value
Australia—3.3%
APA Group		1,241,813	$	8,982,984
Brambles, Ltd.		2,430,497		19,151,650
Caltex Australia, Ltd.		565,046		12,212,301
Oil Search, Ltd.		1,746,699		11,349,265
Sonic Healthcare, Ltd.		493,106		8,907,338
				60,603,538
Austria—1.1%
Erste Group Bank AG (a)		501,976		20,821,020
Belgium—1.1%
KBC Group NV		280,477		20,851,677
Brazil—0.4%
Ambev S.A. (ADR)		1,768,621		8,082,598
Canada—2.1%
Enbridge, Inc.		368,135		11,879,276
Ritchie Bros Auctioneers, Inc. (b)		277,275		10,005,642
TMX Group, Ltd.		242,461		16,272,941
				38,157,859
China—2.0%
Baidu, Inc. (ADR) (a)		33,939		7,761,171
China Resources Gas Group, Ltd.		2,308,424		9,395,018
Ctrip.com International, Ltd. (ADR) (a) (b)		158,075		5,875,648
Yum China Holdings, Inc.		409,286		14,370,031
				37,401,868
Denmark—2.1%
Jyske Bank A/S		172,972		8,373,684
Novo Nordisk A/S - Class B		665,249		31,315,934
				39,689,618
France—8.6%
BNP Paribas S.A.		249,811		15,267,384
Danone S.A.		254,344		19,690,444
Essilor International Cie Generale d’Optique S.A.		186,168		27,528,622
L’Oreal S.A.		78,059		18,795,442
Legrand S.A.		203,637		14,828,143
LVMH Moet Hennessy Louis Vuitton SE		80,257		28,335,939
Schneider Electric SE		447,769		36,024,176
				160,470,150
Germany—9.2%
Bayer AG		372,386		33,080,312
E.ON SE		1,325,188		13,508,997
GEA Group AG		423,797		15,096,085
Grand City Properties S.A.		919,820		23,841,530
LEG Immobilien AG		199,357		23,667,147
Linde AG		154,306		36,492,139
Scout24 AG		135,266		6,307,154
Symrise AG		218,429		19,929,916
				171,923,280

Security Description	Shares		Value
Greece—0.5%
Hellenic Telecommunications Organization S.A.		729,296	$	8,947,663
Hong Kong—3.4%
AIA Group, Ltd.		3,581,228		31,997,297
CLP Holdings, Ltd.		1,138,000		13,318,319
Techtronic Industries Co., Ltd.		2,804,000		17,915,248
				63,230,864
India—0.9%
HDFC Bank, Ltd.		573,832		15,904,962
Ireland—1.1%
AIB Group plc		2,543,803		13,024,157
Paddy Power Betfair plc		98,664		8,339,570
				21,363,727
Israel—1.2%
Check Point Software Technologies, Ltd. (a)		118,459		13,939,070
Mellanox Technologies, Ltd. (a)		105,253		7,730,833
				21,669,903
Italy—2.5%
Cerved Information Solutions S.p.A.		434,935		4,683,094
Eni S.p.A.		941,400		17,755,094
Intesa Sanpaolo S.p.A.		9,608,999		24,456,001
				46,894,189
Japan—18.9%
AEON Financial Service Co., Ltd.		941,099		19,488,507
Daikin Industries, Ltd.		226,100		30,104,926
Hitachi, Ltd.		257,800		8,760,454
Hoshizaki Corp.		121,300		12,556,986
Japan Tobacco, Inc.		732,731		19,129,532
KDDI Corp.		846,100		23,378,067
Koito Manufacturing Co., Ltd.		318,000		20,856,396
Kubota Corp.		1,421,400		24,051,696
Mitsubishi UFJ Financial Group, Inc.		4,167,600		25,941,757
Nitto Denko Corp.		166,900		12,512,748
Nomura Research Institute, Ltd.		284,900		14,378,966
Santen Pharmaceutical Co., Ltd.		1,613,700		25,583,624
SoftBank Group Corp.		247,400		24,983,854
Sundrug Co., Ltd.		402,370		14,351,163
Terumo Corp.		418,000		24,765,041
TOTO, Ltd. (b)		453,200		18,806,168
USS Co., Ltd.		1,048,300		19,461,583
Yamato Holdings Co., Ltd.		390,766		11,998,755
				351,110,223
Malaysia—0.4%
Malaysia Airports Holdings Bhd		3,188,600		6,868,443
Netherlands—1.6%
Akzo Nobel NV		324,751		30,363,632

BHFTI-253

Brighthouse Funds Trust I

MFS Research International Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Portugal—0.7%
Galp Energia SGPS S.A.		664,925	$	13,185,074
South Korea—1.0%
NAVER Corp.		19,289		12,426,844
Samsung Electronics Co., Ltd.		137,741		5,768,904
				18,195,748
Spain—2.6%
Aena SME S.A.		65,606		11,347,896
Amadeus IT Group S.A.		204,404		18,967,750
Bankia S.A.		672,294		2,618,093
Iberdrola S.A.		2,224,422		16,296,407
				49,230,146
Sweden—1.1%
Com Hem Holding AB		469,349		7,763,136
Telefonaktiebolaget LM Ericsson - B Shares		1,445,004		12,794,500
				20,557,636
Switzerland—12.3%
Dufry AG (a) (b)		76,968		8,667,470
Julius Baer Group, Ltd. (a)		415,885		20,785,874
Nestle S.A.		631,636		52,619,121
Roche Holding AG		187,190		45,296,106
Schindler Holding AG (Participation Certificate)		79,953		19,906,983
Sika AG		136,474		19,845,697
Swiss Re AG		119,769		11,045,360
UBS Group AG (a)		2,130,063		33,593,268
Zurich Insurance Group AG		56,864		17,955,852
				229,715,731
Taiwan—1.8%
Silicon Motion Technology Corp. (ADR) (b)		120,851		6,489,698
Taiwan Semiconductor Manufacturing Co., Ltd.		3,087,468		26,362,192
				32,851,890
Thailand—0.6%
Advanced Info Service PCL		1,842,400		11,450,909
United Kingdom—13.4%
Barclays plc		7,740,311		17,305,410
BP plc		3,858,240		29,601,707
British American Tobacco plc		662,786		30,942,980
Cairn Energy plc (a)		3,389,091		10,265,961
Croda International plc		372,533		25,225,950
Hiscox, Ltd.		787,346		16,872,385
Just Eat plc (a)		1,087,240		9,492,487
Melrose Industries plc		4,196,174		10,916,477
Reckitt Benckiser Group plc		328,081		29,971,609
RELX plc (a)		891,743		18,734,814
Rio Tinto plc		422,800		21,331,159
Tesco plc		4,427,479		13,830,251

Security Description	Shares/ Principal Amount*		Value
United Kingdom—(Continued)
WPP plc		996,078	$	14,561,134
				249,052,324
United States—4.8%
Aon plc (b)		154,280		23,725,178
Cognizant Technology Solutions Corp. - Class A		324,571		25,040,653
EPAM Systems, Inc. (a)		125,050		17,219,385
MasterCard, Inc. - Class A		61,167		13,616,386
NVIDIA Corp.		35,578		9,998,130
				89,599,732
Total Common Stocks (Cost $1,578,413,670)				1,838,194,404
Short-Term Investment—0.9%
Repurchase Agreement—0.9%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $16,871,371; collateralized by U.S. Treasury Note at 2.250%, maturing 10/31/24, with a market value of $17,208,071.		16,869,966		16,869,966
Total Short-Term Investments (Cost $16,869,966)				16,869,966
Securities Lending Reinvestments (c)—1.7%
Certificates of Deposit—0.7%
Banco Del Estado De Chile New York 2.419%, 3M LIBOR + 0.100%, 11/14/18 (d)		1,000,000		999,983
Banco Santander S.A. 2.340%, 11/07/18		999,975		1,000,082
Bank of Montreal (Chicago) 2.371%, 3M LIBOR + 0.030%, 11/06/18 (d)		1,000,000		999,998
Canadian Imperial Bank of Commerce 2.459%, 3M LIBOR + 0.120%, 01/14/19 (d)		1,000,000		1,000,297
Cooperative Rabobank UA 2.479%, 3M LIBOR + 0.140%, 10/16/18 (d)		1,000,000		1,000,075
Mizuho Bank, Ltd., New York 2.468%, 1M LIBOR + 0.250%, 11/26/18 (d)		1,500,000		1,499,950
Sumitomo Mitsui Trust Bank, Ltd. 2.423%, 3M LIBOR + 0.090%, 10/18/18 (d)		2,000,251		1,999,986
Svenska Handelsbanken AB 2.439%, 3M LIBOR + 0.100%, 04/30/19 (d)		1,000,000		1,000,119
Wells Fargo Bank N.A. 2.473%, 3M LIBOR + 0.140%, 07/11/19 (d)		1,500,000		1,500,171
Westpac Banking Corp. 2.630%, FEDEFF PRV + 0.450%, 02/15/19 (d)		1,000,000		1,000,531
				12,001,192
Commercial Paper—0.3%
LMA S.A. & LMA Americas 2.470%, 11/13/18		987,993		997,109

BHFTI-254

Brighthouse Funds Trust I

MFS Research International Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Commercial Paper—(Continued)
Sheffield Receivables Co. 2.490%, 11/26/18		2,467,319	$	2,490,397
UBS AG 2.534%, 1M LIBOR + 0.430%, 02/01/19 (d)		1,500,000		1,501,385
Westpac Banking Corp. 2.492%, 1M LIBOR + 0.280%, 05/24/19 (d)		1,000,000		1,000,554
				5,989,445
Repurchase Agreements—0.6%
Citigroup Global Markets, Inc. Repurchase Agreement dated 01/25/17 at 2.720%, due on 12/31/18 with a maturity value of $526,633; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 2.220%, maturity dates ranging from 11/01/18 - 04/30/20, and an aggregate market value of $510,000.		500,000		500,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $1,558,565; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/25/18 - 02/15/43, and an aggregate market value of $1,589,445.		1,558,278		1,558,278
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $400,075; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.625% - 2.875%, maturity dates ranging from 01/15/19 - 02/15/43, and an aggregate market value of $408,000.		400,000		400,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $300,056; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 1.750% - 2.875%, maturity dates ranging from 10/15/20 - 05/15/27, and an aggregate market value of $306,000.		300,000		300,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $400,075; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.375% - 3.125%, maturity dates ranging from 12/17/18 - 02/15/43, and an aggregate market value of $408,000.		400,000		400,000
Deutsche Bank AG, London Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $203,769; collateralized by various Common Stock with an aggregate market value of $222,665.		200,000		200,000
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $200,793; collateralized by various Common Stock with an aggregate market value of $222,249.		200,000		200,000
Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 08/01/17 at 2.720%, due on 12/31/18 with a maturity value of $1,558,593; collateralized by various Common Stock with an aggregate market value of $1,650,000.		1,500,000		1,500,000

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $3,001,441; collateralized by various Common Stock with an aggregate market value of $3,300,643.		3,000,000	$	3,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $405,174; collateralized by various Common Stock with an aggregate market value of $445,062.		400,000		400,000
Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $407,930; collateralized by various Common Stock with an aggregate market value of $445,062.		400,000		400,000
Societe General Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $506,641; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $555,324.		500,000		500,000
Repurchase Agreement dated 03/16/18 at 2.310%, due on 10/01/18 with a maturity value of $607,662; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $666,389.		600,000		600,000
Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $708,714; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $777,454.		700,000		700,000
Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $708,399; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $777,454.		700,000		700,000
				11,358,278
Time Deposits—0.1%
DZ Bank AG 2.150%, 10/01/18		1,000,000		1,000,000
Nordea Bank New York 2.140%, 10/01/18		1,000,000		1,000,000
				2,000,000
Total Securities Lending Reinvestments (Cost $31,345,682)				31,348,915
Total Investments—101.3% (Cost $1,626,629,318)				1,886,413,285
Other assets and liabilities (net)—(1.3)%				(24,459,431	)
Net Assets—100.0%			$	1,861,953,854

BHFTI-255

Brighthouse Funds Trust I

MFS Research International Portfolio

Schedule of Investments as of September 30, 2018 (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, 2018, the market value of securities loaned was $29,869,918 and the collateral received consisted of cash in the amount of $31,313,816. 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, 2018.
(d)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. 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.
(ADR)—	American Depositary Receipt
(FEDEFF PRV)—	Effective Federal Funds Rate
(LIBOR)—	London Interbank Offered Rate

Ten Largest Industries as of September 30, 2018 (Unaudited)	% of Net Assets
Banks		8.8
Chemicals		7.8
Pharmaceuticals		7.3
Oil, Gas & Consumable Fuels		5.7
Insurance		5.5
IT Services		4.8
Food Products		3.9
Machinery		3.8
Capital Markets		3.8
Electrical Equipment		3.3

BHFTI-256

Brighthouse Funds Trust I

MFS Research International Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2			Level 3		Total
Common Stocks
Australia	$	—	$	60,603,538		$	—	$	60,603,538
Austria		—		20,821,020			—		20,821,020
Belgium		—		20,851,677			—		20,851,677
Brazil		8,082,598		—			—		8,082,598
Canada		38,157,859		—			—		38,157,859
China		28,006,850		9,395,018			—		37,401,868
Denmark		—		39,689,618			—		39,689,618
France		—		160,470,150			—		160,470,150
Germany		—		171,923,280			—		171,923,280
Greece		—		8,947,663			—		8,947,663
Hong Kong		—		63,230,864			—		63,230,864
India		—		15,904,962			—		15,904,962
Ireland		—		21,363,727			—		21,363,727
Israel		21,669,903		—			—		21,669,903
Italy		—		46,894,189			—		46,894,189
Japan		—		351,110,223			—		351,110,223
Malaysia		—		6,868,443			—		6,868,443
Netherlands		—		30,363,632			—		30,363,632
Portugal		—		13,185,074			—		13,185,074
South Korea		—		18,195,748			—		18,195,748
Spain		—		49,230,146			—		49,230,146
Sweden		—		20,557,636			—		20,557,636
Switzerland		—		229,715,731			—		229,715,731
Taiwan		6,489,698		26,362,192			—		32,851,890
Thailand		11,450,909		—			—		11,450,909
United Kingdom		18,734,814		230,317,510			—		249,052,324
United States		89,599,732		—			—		89,599,732
Total Common Stocks*		222,192,363		1,616,002,041			—		1,838,194,404
Total Short-Term Investment*		—		16,869,966			—		16,869,966
Total Securities Lending Reinvestments*		—		31,348,915			—		31,348,915
Total Investments	$	222,192,363	$	1,664,220,922		$	—	$	1,886,413,285
Collateral for Securities Loaned (Liability)	$	—	$	(31,313,816	)	$	—	$	(31,313,816	)

* See Schedule of Investments for additional detailed categorizations.

Transfers from Level 1 to Level 2 in the amount of $32,774,215 were due to the application of a systematic fair valuation model factor.

BHFTI-257

Brighthouse Funds Trust I

Morgan Stanley Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—92.5% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—1.7%
HEICO Corp. - Class A		283,735	$	21,421,993
Automobiles—0.9%
NIO, Inc. (a) (b)		1,782,449		12,441,494
Biotechnology—1.4%
Alnylam Pharmaceuticals, Inc. (a) (b)		84,401		7,386,776
Bluebird Bio, Inc. (a) (b)		12,960		1,892,160
Editas Medicine, Inc. (a)		75,806		2,412,147
Intellia Therapeutics, Inc. (a) (b)		102,357		2,929,457
Intrexon Corp. (a)(b)		161,913		2,788,142
				17,408,682
Commercial Services & Supplies—3.1%
Copart, Inc. (a)		372,582		19,199,151
Rollins, Inc. (b)		342,857		20,807,991
				40,007,142
Construction Materials—2.3%
Martin Marietta Materials, Inc. (b)		79,836		14,526,160
Vulcan Materials Co. (b)		136,811		15,213,384
				29,739,544
Entertainment—5.0%
Take-Two Interactive Software, Inc. (a)		468,122		64,596,155
Health Care Equipment & Supplies—7.4%
DexCom, Inc. (a) (b)		442,495		63,294,485
LivaNova plc (a)		105,261		13,049,206
Penumbra, Inc. (a) (b)		123,698		18,517,591
				94,861,282
Health Care Providers & Services—6.7%
HealthEquity, Inc. (a) (b)		916,035		86,482,864
Health Care Technology—12.5%
athenahealth, Inc. (a)		468,966		62,653,858
Veeva Systems, Inc. - Class A (a)		908,676		98,927,556
				161,581,414
Hotels, Restaurants & Leisure—1.7%
Shake Shack, Inc. - Class A (a) (b)		345,704		21,782,809
Interactive Media & Services—15.6%
ANGI Homeservices, Inc. - Class A (a) (b)		2,655,197		62,344,025
Match Group, Inc. (a) (b)		438,109		25,370,892
TripAdvisor, Inc. (a) (b)		266,911		13,631,145
Twitter, Inc. (a) (b)		2,017,160		57,408,374
Zillow Group, Inc. - Class C (a) (b)		950,101		42,041,969
				200,796,405
Internet & Direct Marketing Retail—8.1%
Farfetch, Ltd. - Class A (a) (b)		992,938		27,037,702

Security Description	Shares		Value
Internet & Direct Marketing Retail—(Continued)
GrubHub, Inc. (a)		163,779	$	22,703,045
MercadoLibre, Inc.		61,671		20,997,125
Overstock.com, Inc. (a) (b)		451,206		12,498,406
Wayfair, Inc. - Class A (a) (b)		146,485		21,631,440
				104,867,718
IT Services—3.2%
Broadridge Financial Solutions, Inc.		143,544		18,940,631
Shopify, Inc. - Class A (a) (b)		135,305		22,252,260
				41,192,891
Life Sciences Tools & Services—1.6%
Illumina, Inc. (a)		55,127		20,234,917
Pharmaceuticals—0.1%
Nektar Therapeutics (a) (b)		26,390		1,608,734
Software—19.3%
ANSYS, Inc. (a)		105,486		19,692,127
Atlassian Corp. plc - Class A (a)		219,437		21,096,673
Constellation Software, Inc.		25,615		18,837,084
Coupa Software, Inc. (a) (b)		800,557		63,324,059
Guidewire Software, Inc. (a) (b)		209,269		21,138,262
Splunk, Inc. (a)		165,000		19,950,150
SS&C Technologies Holdings, Inc.		350,951		19,944,545
SurveyMonkey, Inc. (a) (c) (e)		303,799		4,382,908
Tyler Technologies, Inc. (a) (b)		79,672		19,524,420
Ultimate Software Group, Inc. (The) (a)		63,858		20,574,409
Zendesk, Inc. (a)		282,779		20,077,309
				248,541,946
Specialty Retail—1.0%
Carvana Co. (a) (b)		218,823		12,930,251
Trading Companies & Distributors—0.9%
Watsco, Inc.		64,094		11,415,141
Total Common Stocks (Cost $904,930,244)				1,191,911,382
Convertible Preferred Stock—1.5%
Internet & Direct Marketing Retail—1.5%
Airbnb, Inc. - Series D (a) (c) (d) (e) (Cost $7,659,587)		188,136		19,754,280
Preferred Stocks—0.2%
Software—0.2%
Palantir Technologies, Inc. - Series G, (a) (c) (d) (e)		541,563		1,348,491
Palantir Technologies, Inc. - Series H, (a) (c) (d) (e)		174,289		433,980
Palantir Technologies, Inc. - Series H-1, (a) (c) (d) (e)		174,289		433,980
Total Preferred Stocks (Cost $2,880,692)				2,216,451

BHFTI-258

Brighthouse Funds Trust I

Morgan Stanley Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Escrow Shares—0.0%

Security Description	Shares/ Principal Amount*		Value
Internet & Direct Marketing Retail—0.0%
Flipkart Escrow Receivable (a) (c) (d) (e) (Cost $0)		60,812	$	155,679
Short-Term Investment—6.2%
Repurchase Agreement—6.2%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $79,227,739; collateralized by U.S. Treasury Note at 2.250%, maturing 10/31/24, with a market value of $80,809,216.		79,221,137		79,221,137
Total Short-Term Investments (Cost $79,221,137)				79,221,137
Securities Lending Reinvestments (f)—25.7%
Certificates of Deposit—15.3%
Banco Del Estado De Chile New York 2.419%, 3M LIBOR + 0.100%, 11/14/18 (g)		3,000,000		2,999,949
Banco Santander S.A. 2.340%, 11/07/18		5,000,000		5,000,410
Bank of Montreal (Chicago) 2.371%, 3M LIBOR + 0.030%, 11/06/18 (g)		5,000,000		4,999,990
Bank of Nova Scotia 2.618%, 3M LIBOR + 0.280%, 03/20/19 (g)		8,000,000		8,007,632
Barclays Bank plc 2.304%, 1M LIBOR + 0.200%, 02/04/19 (g)		5,000,000		4,998,985
2.500%, 02/01/19		5,000,000		4,999,930
BNP Paribas S.A. New York 2.574%, 1M LIBOR + 0.470%, 12/04/18 (g)		2,000,000		2,001,174
Canadian Imperial Bank of Commerce 2.459%, 3M LIBOR + 0.120%, 01/14/19 (g)		7,000,000		7,002,079
Commonwealth Bank of Australia 2.358%, 1M LIBOR + 0.210%, 09/13/19 (g)		5,000,000		5,000,000
2.487%, 3M LIBOR + 0.140%, 04/23/19 (g)		3,000,000		3,001,074
Cooperative Rabobank UA 2.479%, 3M LIBOR + 0.140%, 10/16/18 (g)		7,000,000		7,000,524
Credit Agricole S.A. 2.463%, 1M LIBOR + 0.330%, 10/09/18 (g)		8,000,000		8,000,320
Credit Industriel et Commercial Zero Coupon, 01/25/19		6,910,597		6,944,210
Credit Industriel et Commercial (NY) 2.364%, 1M LIBOR + 0.250%, 02/05/19 (g)		2,500,000		2,501,183
Industrial & Commercial Bank of China, Ltd. 2.500%, 10/24/18		3,000,000		3,000,039
2.500%, 11/15/18		7,000,000		6,999,832
Landesbank Baden-Wuettertemberg 2.180%, 10/02/18		5,000,000		5,000,010
Mitsubishi UFJ Trust and Banking Corp. Zero Coupon, 01/15/19		6,947,412		6,948,859
Mizuho Bank, Ltd. 2.571%, 1M LIBOR + 0.440%, 10/11/18 (g)		5,000,000		5,000,125

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Mizuho Bank, Ltd., New York 2.468%, 1M LIBOR + 0.250%, 11/26/18 (g)		5,000,000	$	4,999,835
Natixis S.A. New York 2.431%, 3M LIBOR + 0.090%, 05/10/19 (g)		5,000,000		4,999,605
2.533%, 3M LIBOR + 0.190%, 02/01/19 (g)		4,000,000		4,000,324
Royal Bank of Canada New York 2.378%, 1M LIBOR + 0.210%, 09/17/19 (g)		3,000,000		2,999,835
2.381%, 1M LIBOR + 0.250%, 01/11/19 (g)		12,000,000		12,003,960
Societe Generale 2.504%, 1M LIBOR + 0.400%, 10/02/18 (g)		4,000,000		3,999,932
Standard Chartered plc 2.396%, 1M LIBOR + 0.180%, 02/25/19 (g)		11,000,000		10,998,713
2.551%, 1M LIBOR + 0.420%, 10/11/18 (g)		5,000,000		5,000,250
Sumitomo Mitsui Banking Corp. 2.321%, 1M LIBOR + 0.190%, 04/11/19 (g)		3,000,000		2,999,859
Sumitomo Mitsui Trust Bank, Ltd. 2.290%, 1M LIBOR + 0.170%, 12/06/18 (g)		2,000,000		2,000,104
2.423%, 3M LIBOR + 0.090%, 10/18/18 (g)		5,000,628		4,999,965
2.443%, 3M LIBOR + 0.110%, 10/11/18 (g)		4,000,000		4,000,028
2.502%, 1M LIBOR + 0.320%, 11/21/18 (g)		3,500,000		3,500,000
Svenska Handelsbanken AB 2.439%, 3M LIBOR + 0.100%, 04/30/19 (g)		7,000,000		7,000,833
Toronto-Dominion Bank 2.378%, 1M LIBOR + 0.210%, 09/17/19 (g)		3,000,000		3,000,000
Wells Fargo Bank N.A. 2.473%, 3M LIBOR + 0.140%, 07/11/19 (g)		13,000,000		13,001,482
Westpac Banking Corp. 2.630%, FEDEFF PRV + 0.450%, 02/15/19 (g)		8,000,000		8,004,249
				196,915,299
Commercial Paper—3.6%
Bank of China, Ltd. 2.510%, 11/02/18		6,955,587		6,984,600
2.550%, 10/19/18		4,969,188		4,993,580
2.550%, 12/20/18		1,987,250		1,988,494
ING Funding LLC 2.448%, 3M LIBOR + 0.110%, 05/10/19 (g)		5,000,000		5,000,515
Sheffield Receivables Co. 2.490%, 11/26/18		2,467,319		2,490,397
2.510%, SOFR + 0.350%, 11/28/18 (g)		1,500,000		1,500,411
Sinopec Century Bright Capital Investment, Ltd. 2.400%, 11/01/18		3,976,000		3,991,336
Starbird Funding Corp. 2.280%, 11/08/18		1,988,600		1,994,892
UBS AG 2.534%, 1M LIBOR + 0.430%, 02/01/19 (g)		13,000,000		13,011,999
Westpac Banking Corp. 2.492%, 1M LIBOR + 0.280%, 05/24/19 (g)		5,000,000		5,002,770
				46,958,994

BHFTI-259

Brighthouse Funds Trust I

Morgan Stanley Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (f)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—5.8%
Citigroup Global Markets, Inc. Repurchase Agreement dated 05/03/18 at 2.440%, due on 10/05/18 with a maturity value of $3,031,517; collateralized by U.S. Treasury Obligations with rates ranging from 1.625% - 2.250%, maturity dates ranging from 11/30/19 - 11/15/27, and various Common Stock with an aggregate market value of $3,162,858.		3,000,000	$	3,000,000
Repurchase Agreement dated 07/25/18 at 2.570%, due on 11/02/18 with a maturity value of $4,028,556; collateralized by various Common Stock with an aggregate market value of $4,400,001.		4,000,000		4,000,000
Deutsche Bank AG, London Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $1,833,920; collateralized by various Common Stock with an aggregate market value of $2,003,981.		1,800,000		1,800,000
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $1,807,139; collateralized by various Common Stock with an aggregate market value of $2,000,243.		1,800,000		1,800,000
Macquarie Bank, Ltd., London Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $170,530; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 5.500%, maturity dates ranging from 08/31/19 - 05/15/48, and an aggregate market value of $173,777.		170,499		170,499
Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 10/26/16 at 2.720%, due on 12/31/18 with a maturity value of $2,650,356; collateralized by various Common Stock with an aggregate market value of $2,750,000.		2,500,000		2,500,000
Repurchase Agreement dated 08/01/17 at 2.720%, due on 12/31/18 with a maturity value of $10,390,622; collateralized by various Common Stock with an aggregate market value of $11,000,001.		10,000,000		10,000,000
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $10,004,803; collateralized by various Common Stock with an aggregate market value of $11,002,143.		10,000,000		10,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $3,140,099; collateralized by various Common Stock with an aggregate market value of $3,449,231.		3,100,000		3,100,000
Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $1,019,825; collateralized by various Common Stock with an aggregate market value of $1,112,655.		1,000,000		1,000,000
Repurchase Agreement dated 07/18/18 at 2.370%, due on 10/05/18 with a maturity value of $5,026,004; collateralized by various Common Stock with an aggregate market value of $5,563,721.		5,000,000		5,000,000
Repurchase Agreement dated 07/19/18 at 2.370%, due on 10/05/18 with a maturity value of $10,051,350; collateralized by various Common Stock with an aggregate market value of $11,127,441.		10,000,000		10,000,000

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Societe Generale Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $4,960,997; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $5,442,177.		4,900,000	$	4,900,000
Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $4,958,796; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $5,442,177.		4,900,000		4,900,000
Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $2,026,565; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% -4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,221,297.		2,000,000		2,000,000
Repurchase Agreement dated 07/10/18 at 2.340%, due on 10/05/18 with a maturity value of $5,028,275; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% -4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $5,553,242.		5,000,000		5,000,000
Repurchase Agreement dated 04/18/18 at 2.340%, due on 10/05/18 with a maturity value of $6,066,300; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $6,663,890.		6,000,000		6,000,000
				75,170,499
Time Deposits—1.0%
Canadian Imperial Bank of Commerce 2.130%, 10/01/18		2,000,000		2,000,000
Cooperative Rabobank UA New York 2.150%, 10/01/18		5,000,000		5,000,000
DZ Bank AG 2.150%, 10/01/18		1,000,000		1,000,000
Erste Group Bank AG 2.170%, 10/01/18		3,000,000		3,000,000
Nordea Bank New York 2.140%, 10/01/18		1,000,000		1,000,000
Svenska Handelsbanken AB 2.140%, 10/01/18		1,000,000		1,000,000
				13,000,000
Total Securities Lending Reinvestments (Cost $332,006,714)				332,044,792
Total Purchased Options—0.1% (h) (Cost $3,469,271)				1,239,253
Total Investments—126.2% (Cost $1,330,167,645)				1,626,542,974
Other assets and liabilities (net)—(26.2)%				(337,370,933	)
Net Assets—100.0%			$	1,289,172,041

BHFTI-260

Brighthouse Funds Trust I

Morgan Stanley Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

*	Principal and notional amounts 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, 2018, the market value of securities loaned was $322,944,850 and the collateral received consisted of cash in the amount of $331,873,080. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(c)	Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2018, these securities represent 2.1% of net assets.
(d)	Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3.
(e)	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, 2018, the market value of restricted securities was $26,509,318, which is 2.1% of net assets. See details shown in the Restricted Securities table that follows.
(f)	Represents investment of cash collateral received from securities on loan as of September 30, 2018.
(g)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. 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)	For a breakout of open positions, see details shown in the Purchased Options table that follows.

Restricted Securities	Acquisition Date		Shares		Cost		Value
Airbnb, Inc. - Series D		04/16/14		188,136	$	7,659,587	$	19,754,280
Flipkart Escrow Receivable		08/23/18		60,812		—		155,679
Palantir Technologies, Inc. - Series G		07/19/12		541,563		1,657,183		1,348,492
Palantir Technologies, Inc. - Series H		10/25/13		174,289		611,755		433,979
Palantir Technologies, Inc. - Series H-1		10/25/13		174,289		611,754		433,980
SurveyMonkey, Inc.		11/25/14		303,799		4,997,493		4,382,908
							$	26,509,318

Purchased Options

Currency Options	Strike Price		Expiration Date		Counterparty	Number of Contracts		Notional Amount			Premiums Paid		Market Value		Unrealized Depreciation
USD Call/CNH Put		CNH 7.520		11/02/18	RBS		261,401,011		CNH	261,401,011	$	1,082,200	$	7,842	$	(1,074,358	)
USD Call/CNH Put		CNH 7.161		01/18/19	RBS		264,775,437		CNH	264,775,437		1,149,126		714,629		(434,497	)
USD Call/CNH Put		CNH 7.784		07/03/19	RBS		254,071,950		CNH	254,071,950		1,237,945		516,782		(721,163	)
Totals											$	3,469,271	$	1,239,253	$	(2,230,018	)

Glossary of Abbreviations

Counterparties

(RBS)— Royal Bank of Scotland plc

Currencies

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

Index Abbreviations

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

BHFTI-261

Brighthouse Funds Trust I

Morgan Stanley Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2			Level 3		Total
Common Stocks
Aerospace & Defense	$	21,421,993	$	—		$	—	$	21,421,993
Automobiles		12,441,494		—			—		12,441,494
Biotechnology		17,408,682		—			—		17,408,682
Commercial Services & Supplies		40,007,142		—			—		40,007,142
Construction Materials		29,739,544		—			—		29,739,544
Entertainment		64,596,155		—			—		64,596,155
Health Care Equipment & Supplies		94,861,282		—			—		94,861,282
Health Care Providers & Services		86,482,864		—			—		86,482,864
Health Care Technology		161,581,414		—			—		161,581,414
Hotels, Restaurants & Leisure		21,782,809		—			—		21,782,809
Interactive Media & Services		200,796,405		—			—		200,796,405
Internet & Direct Marketing Retail		104,867,718		—			—		104,867,718
IT Services		41,192,891		—			—		41,192,891
Life Sciences Tools & Services		20,234,917		—			—		20,234,917
Pharmaceuticals		1,608,734		—			—		1,608,734
Software		244,159,038		4,382,908			—		248,541,946
Specialty Retail		12,930,251		—			—		12,930,251
Trading Companies & Distributors		11,415,141		—			—		11,415,141
Total Common Stocks*		1,187,528,474		4,382,908			—		1,191,911,382
Total Convertible Preferred Stock*		—		—			19,754,280		19,754,280
Total Preferred Stocks*		—		—			2,216,451		2,216,451
Total Escrow Shares*		—		—			155,679		155,679
Total Short-Term Investment*		—		79,221,137			—		79,221,137
Total Securities Lending Reinvestments*		—		332,044,792			—		332,044,792
Purchased Options at Value	$	—	$	1,239,253		$	—	$	1,239,253
Total Investments	$	1,187,528,474	$	416,888,090		$	22,126,410	$	1,626,542,974
Collateral for Securities Loaned (Liability)	$	—	$	(331,873,080	)	$	—	$	(331,873,080	)

* See Schedule of Investments for additional detailed categorizations.

Transfers from Level 3 to Level 2 in the amount of $8,007,244 were due to the initiation of trading activity which resulted in the availability of significant observable inputs.

BHFTI-262

Brighthouse Funds Trust I

Morgan Stanley Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy—(Continued)

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

Investments in Securities		Balance as of December 31, 2017		Realized Gain		Change in Unrealized Appreciation/ (Depreciation)			Purchases		Sales			Transfers out of Level 3			Balance as of September 30, 2018		Change in Unrealized Appreciation/ (Depreciaton) from Investments Still Held at September 30, 2018
Common Stocks
Internet Software & Services	$	5,388,486	$	—	$	—		$	—	$	—		$	(5,388,486	)	$	—	$	—
Software		2,011,149		—		—			—		—			(2,011,149	)		—		—
Convertible Preferred Stocks
Internet & Direct Marketing Retail		19,948,060		—		(193,780	)		—		—			—			19,754,280		(193,780	)
Preferred Stocks
Internet & Direct Marketing Retail		5,358,145		6,052,423		(3,961,150	)		—		(7,449,418	)		—			—		(3,961,150	)
Internet Software & Services		607,609		—		—			—		—			(607,609	)		—		—
Software		3,035,381		—		(818,930	)		—		—			—			2,216,451		(818,930	)
Escrow Shares
Internet & Direct Marketing Retail		—		—		155,679			0		—			—			155,679		155,679
Total	$	36,348,830	$	6,052,423	$	(4,818,181	)	$	—	$	(7,449,418	)	$	(8,007,244	)	$	22,126,410	$	(4,818,181	)

	Fair Value at September 30, 2018		Valuation Technique(s)		Unobservable Input		Range					Weighted Average			Relationship Between Fair Value and Input; if input value increases then Fair Value:
Convertible Preferred Stocks
Internet & Direct Marketing Retail	$	19,754,280		Discounted Cash Flow		Weighted Average Cost of Capital		14.50	%	16.50	%		15.50	%		Decrease
						Perpetual Growth Rate		3.00	%	4.00	%		3.50	%		Increase
				Comparable Company Analysis		Enterprise Value/Revenue		8.7x		8.7x			8.7x			Increase
						Discount for Lack of Marketability		20.00	%	20.00	%		20.00	%		Decrease
Preferred Stocks
Software		2,216,451		Discounted Cash Flow		Weighted Average Cost of Capital		15.50	%	17.50	%		16.50	%		Decrease
						Perpetual Growth Rate		3.00	%	4.00	%		3.50	%		Increase
				Comparable Company Analysis		Enterprise Value/Revenue		7.3x		7.3x			7.3x			Increase
						Discount for Lack of Marketability		20.00	%	20.00	%		20.00	%		Decrease
Escrow Shares
Internet & Direct Marketing Retail		155,679		Merger & Acquisition Transaction		Sale/Merger Senario		$5.13		$5.13			$5.13			Increase
						Discount for Lack of Marketability		50.00	%	50.00	%		50.00	%		Decrease

BHFTI-263

Brighthouse Funds Trust I

Oppenheimer Global Equity Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—96.6% of Net Assets

Security Description	Shares		Value
China—2.0%
Baidu, Inc. (ADR) (a)		51,710	$	11,825,043
JD.com, Inc. (ADR) (a)		632,210		16,494,359
				28,319,402
Denmark—0.6%
FLSmidth & Co. A/S		142,417		8,854,025
France—9.7%
Airbus SE		398,972		50,021,254
Kering S.A.		50,494		27,000,210
LVMH Moet Hennessy Louis Vuitton SE		128,377		45,325,427
Societe Generale S.A.		313,879		13,460,100
				135,806,991
Germany—7.4%
Allianz SE		112,682		25,101,905
Bayer AG		140,666		12,495,838
Linde AG		61,368		14,513,043
Puma SE		5,031		2,482,529
SAP SE		274,525		33,786,162
Siemens AG		120,826		15,471,038
				103,850,515
India—2.5%
DLF, Ltd.		9,025,461		20,114,261
ICICI Bank, Ltd. (ADR) (b)		1,819,589		15,448,311
				35,562,572
Italy—0.3%
Brunello Cucinelli S.p.A.		95,649		3,724,460
Japan—13.7%
Capcom Co., Ltd.		353,400		8,951,408
Dai-ichi Life Holdings, Inc.		538,600		11,212,633
FANUC Corp.		74,100		13,973,756
Keyence Corp.		38,000		22,045,419
Minebea Mitsumi, Inc.		463,000		8,397,478
Murata Manufacturing Co., Ltd.		170,100		26,084,623
Nidec Corp.		236,300		34,002,962
Nintendo Co., Ltd.		35,400		12,920,734
Omron Corp.		245,200		10,358,222
Renesas Electronics Corp. (a)		1,069,500		6,684,669
Suzuki Motor Corp.		265,800		15,228,029
TDK Corp.		205,200		22,385,987
				192,245,920
Netherlands—0.3%
uniQure NV (a)		95,350		3,469,786
Spain—1.9%
Banco Bilbao Vizcaya Argentaria S.A.		942,722		5,960,460
Industria de Diseno Textil S.A.		687,112		20,776,786
				26,737,246
Sweden—1.1%
Assa Abloy AB - Class B		791,995		15,919,867

Security Description	Shares		Value
Switzerland—2.4%
Credit Suisse Group AG (a)		960,635	$	14,416,370
UBS Group AG (a)		1,256,694		19,819,347
				34,235,717
United Kingdom—5.7%
Circassia Pharmaceuticals plc (a) (b)		2,218,564		2,145,902
Earthport plc (a)		8,019,017		866,439
Farfetch, Ltd. - Class A (a) (b)		24,400		664,412
International Consolidated Airlines Group S.A.		1,412,120		12,135,759
Prudential plc		1,057,293		24,244,895
TechnipFMC plc		408,344		12,823,311
Unilever plc		502,286		27,586,061
				80,466,779
United States—49.0%
3M Co.		97,580		20,561,082
ACADIA Pharmaceuticals, Inc. (a) (b)		242,630		5,036,999
Adobe Systems, Inc. (a)		151,640		40,935,218
Agilent Technologies, Inc.		229,700		16,203,038
Alphabet, Inc. - Class A (a)		76,090		91,846,717
Amazon.com, Inc. (a)		2,430		4,867,290
AnaptysBio, Inc. (a) (b)		71,630		7,146,525
Anthem, Inc.		128,660		35,259,273
Biogen, Inc. (a)		39,530		13,966,344
Bluebird Bio, Inc. (a) (b)		51,760		7,556,960
Blueprint Medicines Corp. (a) (b)		109,100		8,516,346
Centene Corp. (a)		91,180		13,201,040
Citigroup, Inc.		462,210		33,158,945
Colgate-Palmolive Co.		438,400		29,350,880
Equifax, Inc. (b)		76,420		9,978,159
Facebook, Inc. - Class A (a)		202,180		33,250,523
Fidelity National Financial, Inc. (b)		273,250		10,752,388
Gilead Sciences, Inc.		147,380		11,379,210
GlycoMimetics, Inc. (a)		291,760		4,201,344
Goldman Sachs Group, Inc. (The)		90,130		20,210,751
Incyte Corp. (a)		116,700		8,061,636
International Game Technology plc (b)		421,021		8,315,165
Intuit, Inc.		171,340		38,962,716
Ionis Pharmaceuticals, Inc. (a) (b)		136,330		7,031,901
Loxo Oncology, Inc. (a) (b)		61,540		10,512,878
MacroGenics, Inc. (a) (b)		267,250		5,729,840
Maxim Integrated Products, Inc.		522,150		29,444,038
Mirati Therapeutics, Inc. (a) (b)		34,349		1,617,838
Newell Brands, Inc. (b)		587,930		11,934,979
PayPal Holdings, Inc. (a)		276,236		24,264,570
S&P Global, Inc.		188,010		36,735,274
Sage Therapeutics, Inc. (a) (b)		90,900		12,839,625
Shire plc		115,606		6,974,785
Tiffany & Co.		162,650		20,976,971
United Parcel Service, Inc. - Class B		143,490		16,752,458
Walt Disney Co. (The) (b)		179,070		20,940,446
Zimmer Biomet Holdings, Inc.		83,480		10,975,116
				689,449,268
Total Common Stocks (Cost $938,677,676)				1,358,642,548

BHFTI-264

Brighthouse Funds Trust I

Oppenheimer Global Equity Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Preferred Stock—1.5%

Security Description	Shares/ Principal Amount*		Value
Germany—1.5%
Bayerische Motoren Werke (BMW) AG (Cost $19,751,651)		264,837	$	20,786,995
Short-Term Investment—1.8%
Repurchase Agreement—1.8%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $24,812,818; collateralized by U.S. Treasury Note at 2.250%, maturing 10/31/24, with a market value of $25,308,833.		24,810,750		24,810,750
Total Short-Term Investments (Cost $24,810,750)				24,810,750
Securities Lending Reinvestments (c)—6.2%
Bank Note—0.4%
Bank of America N.A. 2.398%, 1M LIBOR + 0.250%, 11/13/18 (d)		5,000,000		5,000,000
Certificates of Deposit—2.9%
Banco Del Estado De Chile New York 2.419%, 3M LIBOR + 0.100%, 11/14/18 (d)		3,000,000		2,999,949
Banco Santander S.A. 2.340%, 11/07/18		2,000,000		2,000,164
Bank of Montreal (Chicago) 2.371%, 3M LIBOR + 0.030%, 11/06/18 (d)		3,000,000		2,999,994
Bank of Nova Scotia 2.618%, 3M LIBOR + 0.280%, 03/20/19 (d)		2,000,000		2,001,908
BNP Paribas S.A. New York 2.574%, 1M LIBOR + 0.470%, 12/04/18 (d)		2,000,000		2,001,174
Canadian Imperial Bank of Commerce 2.459%, 3M LIBOR + 0.120%, 01/14/19 (d)		5,000,000		5,001,485
Commonwealth Bank of Australia 2.487%, 3M LIBOR + 0.140%, 04/23/19 (d)		1,000,000		1,000,358
Cooperative Rabobank UA 2.479%, 3M LIBOR + 0.140%, 10/16/18 (d)		1,750,000		1,750,131
Credit Agricole S.A. 2.463%, 1M LIBOR + 0.330%, 10/09/18 (d)		2,000,000		2,000,080
Credit Industriel et Commercial Zero Coupon, 01/25/19		2,961,684		2,976,090
Natixis S.A. New York 2.504%, 1M LIBOR + 0.370%, 02/14/19 (d)		2,000,000		2,001,338
2.533%, 3M LIBOR + 0.190%, 02/01/19 (d)		1,500,000		1,500,121
Royal Bank of Canada New York 2.381%, 1M LIBOR + 0.250%, 01/11/19 (d)		1,000,000		1,000,330
Sumitomo Mitsui Trust Bank, Ltd. 2.443%, 3M LIBOR + 0.110%, 10/11/18 (d)		1,500,000		1,500,011
2.502%, 1M LIBOR + 0.320%, 11/21/18 (d)		3,500,000		3,500,000
Svenska Handelsbanken AB 2.554%, 1M LIBOR + 0.450%, 04/03/19 (d)		2,000,000		2,002,950
Wells Fargo Bank N.A. 2.473%, 3M LIBOR + 0.140%, 07/11/19 (d)		3,000,000		3,000,342

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Westpac Banking Corp. 2.630%, FEDEFF PRV + 0.450%, 02/15/19 (d)		1,500,000	$	1,500,797
				40,737,222
Commercial Paper—1.1%
Bank of China, Ltd. 2.510%, 11/02/18		993,655		997,800
2.550%, 10/19/18		2,484,594		2,496,790
ING Funding LLC 2.453%, 1M LIBOR + 0.320%, 02/08/19 (d)		5,000,000		5,002,555
UBS AG 2.534%, 1M LIBOR + 0.430%, 02/01/19 (d)		6,000,000		6,005,538
Westpac Banking Corp. 2.408%, 3M LIBOR + 0.070%, 08/07/19 (d)		1,000,000		1,000,000
				15,502,683
Repurchase Agreements—1.7%
Citigroup Global Markets, Inc. Repurchase Agreement dated 07/25/18 at 2.570%, due on 11/02/18 with a maturity value of $2,014,278; collateralized by various Common Stock with an aggregate market value of $2,200,000.		2,000,000		2,000,000
Repurchase Agreement dated 01/25/17 at 2.720%, due on 12/31/18 with a maturity value of $2,317,187; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 2.220%, maturity dates ranging from 11/01/18 - 04/30/20, and an aggregate market value of $2,244,000.		2,200,000		2,200,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $1,763,898; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/25/18 - 02/15/43, and an aggregate market value of $1,798,847.		1,763,575		1,763,575
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $400,075; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.625% - 2.875%, maturity dates ranging from 01/15/19 - 02/15/43, and an aggregate market value of $408,000.		400,000		400,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $200,037; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 1.750% - 2.875%, maturity dates ranging from 10/15/20 - 05/15/27, and an aggregate market value of $204,000.		200,000		200,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $400,075; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.375% - 3.125%, maturity dates ranging from 12/17/18 - 02/15/43, and an aggregate market value of $408,000.		400,000		400,000

BHFTI-265

Brighthouse Funds Trust I

Oppenheimer Global Equity Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Deutsche Bank AG, London Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $203,769; collateralized by various Common Stock with an aggregate market value of $222,665.		200,000	$	200,000
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $200,793; collateralized by various Common Stock with an aggregate market value of $222,249.		200,000		200,000
Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 10/26/16 at 2.720%, due on 12/31/18 with a maturity value of $1,272,171; collateralized by various Common Stock with an aggregate market value of $1,320,000.		1,200,000		1,200,000
Repurchase Agreement dated 08/01/17 at 2.720%, due on 12/31/18 with a maturity value of $1,558,593; collateralized by various Common Stock with an aggregate market value of $1,650,000.		1,500,000		1,500,000
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $10,004,803; collateralized by various Common Stock with an aggregate market value of $11,002,143.		10,000,000		10,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $407,930; collateralized by various Common Stock with an aggregate market value of $445,062.		400,000		400,000
Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $405,174; collateralized by various Common Stock with an aggregate market value of $445,062.		400,000		400,000
Societe Generale Repurchase Agreement dated 03/16/18 at 2.310%, due on 10/01/18 with a maturity value of $810,215; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $888,519.		800,000		800,000
Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $607,970; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $666,389.		600,000		600,000
Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $809,959; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $888,519.		800,000		800,000

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Societe Generale Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $809,599; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $888,519.		800,000	$	800,000
				23,863,575
Time Deposits—0.1%
DZ Bank AG 2.150%, 10/01/18		1,000,000		1,000,000
Svenska Handelsbanken AB 2.140%, 10/01/18		1,000,000		1,000,000
				2,000,000
Total Securities Lending Reinvestments (Cost $87,083,869)				87,103,480
Total Investments—106.1% (Cost $1,070,323,946)				1,491,343,773
Other assets and liabilities (net)—(6.1)%				(85,136,155	)
Net Assets—100.0%			$	1,406,207,618

*	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, 2018, the market value of securities loaned was $84,763,553 and the collateral received consisted of cash in the amount of $87,053,508. 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, 2018.
(d)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. 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.
(ADR)—	American Depositary Receipt
(FEDEFF PRV)—	Effective Federal Funds Rate
(LIBOR)—	London Interbank Offered Rate

Ten Largest Industries as of September 30, 2018 (Unaudited)	% of Net Assets
Interactive Media & Services		9.7
Biotechnology		8.3
Software		8.1
Capital Markets		6.5
Electronic Equipment, Instruments & Components		5.8
Textiles, Apparel & Luxury Goods		5.6
Insurance		5.1
Banks		4.8
Aerospace & Defense		3.6
Health Care Providers & Services		3.4

BHFTI-266

Brighthouse Funds Trust I

Oppenheimer Global Equity Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2			Level 3		Total
Common Stocks
China	$	28,319,402	$	—		$	—	$	28,319,402
Denmark		—		8,854,025			—		8,854,025
France		—		135,806,991			—		135,806,991
Germany		2,482,529		101,367,986			—		103,850,515
India		15,448,311		20,114,261			—		35,562,572
Italy		—		3,724,460			—		3,724,460
Japan		—		192,245,920			—		192,245,920
Netherlands		3,469,786		—			—		3,469,786
Spain		—		26,737,246			—		26,737,246
Sweden		—		15,919,867			—		15,919,867
Switzerland		—		34,235,717			—		34,235,717
United Kingdom		664,412		79,802,367			—		80,466,779
United States		682,474,483		6,974,785			—		689,449,268
Total Common Stocks		732,858,923		625,783,625			—		1,358,642,548
Total Preferred Stock*		—		20,786,995			—		20,786,995
Total Short-Term Investment*		—		24,810,750			—		24,810,750
Total Securities Lending Reinvestments*		—		87,103,480			—		87,103,480
Total Investments	$	732,858,923	$	758,484,850		$	—	$	1,491,343,773
Collateral for Securities Loaned (Liability)	$	—	$	(87,053,508	)	$	—	$	(87,053,508	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-267

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Foreign Government—21.6% of Net Assets

Security Description	Shares/ Principal Amount*		Value
Sovereign—21.6%
Deutsche Bundesrepublik Inflation Linked Bond 0.100%, 04/15/23 (EUR) (a)		7,396,096	$	9,211,456
France Government Bond OAT 0.250%, 07/25/24 (EUR) (a)		9,017,702		11,419,532
Italy Buoni Poliennali Del Tesoro 2.350%, 09/15/24 (144A) (EUR) (a)		5,259,314		6,413,526
United Kingdom Gilt Inflation Linked Bond 0.625%, 03/22/40 (GBP) (a)		10,017,623		20,269,527
Total Foreign Government (Cost $45,255,453)				47,314,041
Common Stocks—16.4%
Aerospace & Defense—0.2%
Arconic, Inc.		741		16,309
BAE Systems plc		4,240		34,777
Boeing Co. (The)		71		26,405
Bombardier, Inc. - Class B (b)		9,730		34,652
CAE, Inc.		1,588		32,236
Elbit Systems, Ltd.		530		67,135
General Dynamics Corp.		86		17,606
Harris Corp.		173		29,273
Huntington Ingalls Industries, Inc.		66		16,901
L3 Technologies, Inc.		98		20,837
Leonardo S.p.A.		1,580		19,042
Lockheed Martin Corp.		59		20,412
Northrop Grumman Corp.		68		21,581
Raytheon Co.		84		17,359
Rockwell Collins, Inc.		177		24,863
Safran S.A.		175		24,492
Thales S.A.		286		40,600
TransDigm Group, Inc. (b)		85		31,645
United Technologies Corp.		153		21,391
				517,516
Air Freight & Logistics—0.1%
C.H. Robinson Worldwide, Inc.		211		20,661
Deutsche Post AG		629		22,430
Expeditors International of Washington, Inc.		329		24,191
FedEx Corp.		94		22,634
Yamato Holdings Co., Ltd.		800		24,565
				114,481
Airlines—0.1%
Alaska Air Group, Inc.		180		12,395
American Airlines Group, Inc.		353		14,589
Delta Air Lines, Inc.		247		14,284
International Consolidated Airlines Group S.A. - Class DI		2,843		24,331
Ryanair Holdings plc (ADR) (b)		645		61,946
Singapore Airlines, Ltd.		4,000		28,492
Southwest Airlines Co.		310		19,359
United Continental Holdings, Inc. (b)		260		23,156
				198,552
Auto Components—0.1%
Aptiv plc		206		17,283
BorgWarner, Inc.		411		17,582
Goodyear Tire & Rubber Co. (The)		233		5,450
Linamar Corp.		505		23,267
Magna International, Inc.		703		36,928
Minth Group, Ltd.		6,000		24,534
Nokian Renkaat Oyj		1,177		48,167
				173,211
Automobiles—0.1%
Daimler AG		504		31,749
Ferrari NV		424		58,200
Fiat Chrysler Automobiles NV (b)		2,298		40,297
General Motors Co.		445		14,983
Harley-Davidson, Inc.		249		11,280
Honda Motor Co., Ltd.		300		9,082
				165,591
Banks—0.5%
ABN AMRO Group NV		1,412		38,438
AIB Group plc		5,122		26,224
Banco Bilbao Vizcaya Argentaria S.A.		3,372		21,320
Banco de Sabadell S.A.		6,053		9,393
Bank Hapoalim B.M.		6,281		45,908
Bank Leumi Le-Israel B.M.		6,506		42,852
Bank of America Corp.		695		20,475
Bank of East Asia, Ltd. (The)		6,400		23,733
Bank of Ireland Group plc		5,382		41,206
Bank of Montreal		331		27,302
Bank of Nova Scotia (The)		409		24,379
Bankinter S.A.		3,025		27,856
BB&T Corp.		363		17,620
BOC Hong Kong Holdings, Ltd.		2,000		9,445
Canadian Imperial Bank of Commerce		295		27,642
Comerica, Inc.		216		19,483
Commonwealth Bank of Australia		245		12,642
Danske Bank A/S		1,367		35,864
DBS Group Holdings, Ltd.		600		11,420
DNB ASA		2,129		44,793
Erste Group Bank AG (b)		552		22,896
Fifth Third Bancorp		693		19,348
Fukuoka Financial Group, Inc.		400		11,001
Hang Seng Bank, Ltd.		1,000		27,012
Huntington Bancshares, Inc.		1,176		17,546
ING Groep NV		1,800		23,336
Intesa Sanpaolo S.p.A.		7,154		18,208
Japan Post Bank Co., Ltd.		1,800		21,276
KBC Group NV		400		29,737
KeyCorp		1,042		20,725
Mitsubishi UFJ Financial Group, Inc.		3,700		23,031
Mizrahi Tefahot Bank, Ltd.		2,557		44,756
Mizuho Financial Group, Inc.		11,700		20,402
People’s United Financial, Inc.		1,114		19,072
Raiffeisen Bank International AG		1,007		28,957

BHFTI-268

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Banks—(Continued)
Regions Financial Corp.		1,152	$	21,139
Royal Bank of Canada		347		27,816
Skandinaviska Enskilda Banken AB - Class A		312		3,480
Sumitomo Mitsui Financial Group, Inc.		500		20,181
SunTrust Banks, Inc.		236		15,762
Suruga Bank, Ltd.		900		4,499
Toronto-Dominion Bank (The)		500		30,384
U.S. Bancorp		317		16,741
Zions Bancorp		255		12,788
				1,028,088
Beverages—0.3%
Anheuser-Busch InBev S.A.		432		37,808
Asahi Group Holdings, Ltd.		600		26,011
Brown-Forman Corp. - Class B		771		38,974
Carlsberg A/S - Class B		658		78,899
Coca-Cola Amatil, Ltd.		5,567		39,278
Coca-Cola Co. (The)		653		30,162
Coca-Cola European Partners plc		303		13,777
Constellation Brands, Inc. - Class A		167		36,009
Davide Campari-Milano S.p.A.		4,531		38,573
Diageo plc		882		31,235
Heineken Holding NV		402		36,401
Heineken NV		359		33,615
Keurig Dr Pepper, Inc.		851		19,718
Kirin Holdings Co., Ltd.		1,000		25,624
Molson Coors Brewing Co. - Class B		643		39,545
Monster Beverage Corp. (b)		660		38,465
PepsiCo, Inc.		297		33,205
Pernod-Ricard S.A.		257		42,160
Remy Cointreau S.A.		348		45,325
Suntory Beverage & Food, Ltd.		600		25,357
Treasury Wine Estates, Ltd.		3,976		50,017
				760,158
Biotechnology—0.2%
AbbVie, Inc.		212		20,051
Alexion Pharmaceuticals, Inc. (b)		119		16,542
Amgen, Inc.		95		19,693
Biogen, Inc. (b)		61		21,552
Celgene Corp. (b)		136		12,171
CSL, Ltd.		380		54,945
Genmab A/S (b)		125		19,647
Gilead Sciences, Inc.		214		16,523
Grifols S.A.		3,073		86,461
Incyte Corp. (b)		154		10,638
Regeneron Pharmaceuticals, Inc. (b)		31		12,525
Shire plc		597		36,018
Vertex Pharmaceuticals, Inc. (b)		89		17,154
				343,920
Building Products—0.0%
A.O. Smith Corp.		243		12,969
Allegion plc		164		14,854
Assa Abloy AB - Class B		828		16,644
Fortune Brands Home & Security, Inc.		362		18,954
Building Products—(Continued)
Johnson Controls International plc		346		12,110
Masco Corp.		257		9,406
				84,937
Capital Markets—0.1%
Affiliated Managers Group, Inc.		109		14,902
Bank of New York Mellon Corp. (The)		286		14,583
Cboe Global Markets, Inc.		158		15,162
CME Group, Inc.		120		20,425
Daiwa Securities Group, Inc.		3,000		18,211
Deutsche Boerse AG		304		40,732
E*Trade Financial Corp. (b)		295		15,455
Franklin Resources, Inc.		558		16,969
Intercontinental Exchange, Inc.		225		16,850
Invesco, Ltd.		557		12,744
Moody’s Corp.		117		19,562
Northern Trust Corp.		175		17,873
Raymond James Financial, Inc.		184		16,937
T. Rowe Price Group, Inc.		162		17,687
UBS Group AG (b)		1,516		23,909
				282,001
Chemicals—0.8%
Air Liquide S.A.		481		63,178
Air Products & Chemicals, Inc.		274		45,772
Air Water, Inc.		1,400		25,696
Akzo Nobel NV		434		40,578
Albemarle Corp.		342		34,125
Arkema S.A.		326		40,330
CF Industries Holdings, Inc.		1,024		55,747
Chr Hansen Holding A/S		1,203		121,977
Clariant AG (b)		112		2,912
Croda International plc		618		41,848
DowDuPont, Inc.		393		25,274
Eastman Chemical Co.		359		34,363
Ecolab, Inc.		287		44,996
EMS-Chemie Holding AG		59		35,129
FMC Corp.		454		39,580
Frutarom Industries, Ltd.		518		53,612
Givaudan S.A.		20		49,131
International Flavors & Fragrances, Inc.		298		41,458
Israel Chemicals, Ltd.		12,542		76,767
Johnson Matthey plc		683		31,669
JSR Corp.		1,400		26,133
K&S AG		1,438		30,180
Kaneka Corp.		600		27,722
Koninklijke DSM NV		655		69,371
Kuraray Co., Ltd.		1,200		18,043
LyondellBasell Industries NV - Class A		401		41,107
Mitsubishi Gas Chemical Co., Inc.		800		17,031
Mosaic Co. (The)		1,543		50,117
Novozymes A/S - B Shares		1,290		70,664
Nutrien, Ltd.		368		21,248
PPG Industries, Inc.		292		31,866
Praxair, Inc.		274		44,040
Sherwin-Williams Co. (The)		95		43,245

BHFTI-269

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Chemicals—(Continued)
Shin-Etsu Chemical Co., Ltd.		300	$	26,574
Sika AG		360		52,350
Solvay S.A.		361		48,361
Sumitomo Chemical Co., Ltd.		4,000		23,410
Symrise AG		638		58,212
Teijin, Ltd.		1,000		19,182
Toray Industries, Inc.		3,000		22,540
Umicore S.A.		1,214		67,817
Yara International ASA		1,630		79,889
				1,793,244
Commercial Services & Supplies—0.1%
Brambles, Ltd.		3,912		30,825
Cintas Corp.		142		28,089
ISS A/S		666		23,407
Republic Services, Inc.		273		19,836
Stericycle, Inc. (b)		397		23,296
Waste Management, Inc.		249		22,500
				147,953
Communications Equipment—0.1%
Cisco Systems, Inc.		486		23,644
F5 Networks, Inc. (b)		147		29,315
Juniper Networks, Inc.		721		21,608
Motorola Solutions, Inc.		189		24,596
Nokia Oyj		14,804		82,104
Telefonaktiebolaget LM Ericsson - B Shares		12,906		114,274
				295,541
Construction & Engineering—0.0%
Fluor Corp.		307		17,837
Jacobs Engineering Group, Inc.		214		16,371
Quanta Services, Inc. (b)		327		10,915
SNC-Lavalin Group, Inc.		718		29,278
				74,401
Construction Materials—0.1%
CRH plc		1,161		37,954
Fletcher Building, Ltd. (b)		13,138		56,541
HeidelbergCement AG		380		29,703
Imerys S.A.		48		3,544
Martin Marietta Materials, Inc.		206		37,482
Vulcan Materials Co.		344		38,253
				203,477
Consumer Finance—0.0%
Synchrony Financial		391		12,152
Containers & Packaging—0.2%
Amcor, Ltd.		4,264		42,071
Avery Dennison Corp.		416		45,074
Ball Corp.		973		42,802
CCL Industries, Inc. - Class B		629		28,352
International Paper Co.		780		38,337
Packaging Corp. of America		326		35,759
Containers & Packaging—(Continued)
Sealed Air Corp.		996		39,989
Smurfit Kappa Group plc		1,071		42,346
WestRock Co.		609		32,545
				347,275
Distributors—0.0%
Genuine Parts Co.		133		13,220
Jardine Cycle & Carriage, Ltd.		2,300		53,801
LKQ Corp. (b)		423		13,397
				80,418
Diversified Consumer Services—0.0%
Benesse Holdings, Inc.		500		14,238
H&R Block, Inc.		576		14,832
				29,070
Diversified Financial Services—0.1%
Berkshire Hathaway, Inc. - Class B (b)		88		18,842
Groupe Bruxelles Lambert S.A.		173		18,124
Industrivarden AB - C Shares		1,131		25,108
Investor AB - B Shares		527		24,332
Jefferies Financial Group, Inc.		764		16,777
Mitsubishi UFJ Lease & Finance Co., Ltd.		4,100		24,140
Wendel S.A.		193		28,706
				156,029
Diversified Telecommunication Services—1.5%
AT&T, Inc.		10,253		344,296
BCE, Inc.		2,268		91,886
Bezeq The Israeli Telecommunication Corp., Ltd.		91,884		105,604
BT Group plc		26,488		77,709
CenturyLink, Inc.		18,405		390,186
Deutsche Telekom AG		4,128		66,522
Elisa Oyj		1,913		81,137
HKT Trust & HKT, Ltd.		108,000		148,476
Iliad S.A.		493		64,352
Koninklijke KPN NV		31,694		83,592
Nippon Telegraph & Telephone Corp.		1,800		81,311
Orange S.A.		3,560		56,712
PCCW, Ltd.		217,000		126,423
Proximus SADP		4,141		98,942
Singapore Telecommunications, Ltd.		47,100		111,513
Spark New Zealand, Ltd.		41,416		111,162
Swisscom AG		312		141,592
Telecom Italia S.p.A. (b)		62,166		37,674
Telecom Italia S.p.A. - Risparmio Shares		76,475		41,066
Telefonica Deutschland Holding AG		14,420		60,959
Telefonica S.A.		7,090		55,877
Telenor ASA		4,744		92,733
Telia Co. AB		11,964		54,914
Telstra Corp., Ltd.		34,994		80,695
TELUS Corp.		1,830		67,453
TPG Telecom, Ltd.		21,051		129,651
United Internet AG		997		47,171
Verizon Communications, Inc.		6,335		338,226
				3,187,834

BHFTI-270

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Electric Utilities—1.1%
Alliant Energy Corp.		1,562	$	66,494
American Electric Power Co., Inc.		709		50,254
AusNet Services		74,249		87,432
Chubu Electric Power Co., Inc.		2,300		34,790
Chugoku Electric Power Co., Inc. (The)		5,300		68,103
CK Infrastructure Holdings, Ltd.		11,000		87,135
CLP Holdings, Ltd.		9,500		111,181
Duke Energy Corp.		664		53,133
Edison International		848		57,393
EDP - Energias de Portugal S.A.		19,813		73,180
Electricite de France S.A.		3,815		66,931
Emera, Inc.		1,377		42,814
Endesa S.A.		2,576		55,619
Enel S.p.A.		11,684		59,705
Entergy Corp.		669		54,276
Evergy, Inc.		785		43,112
Eversource Energy		1,145		70,349
Exelon Corp.		1,190		51,955
FirstEnergy Corp.		1,409		52,373
Fortis, Inc.		1,364		44,226
Fortum Oyj		3,905		97,883
HK Electric Investments & HK Electric Investments, Ltd.		102,500		103,447
Hydro One, Ltd.		2,467		37,512
Iberdrola S.A.		7,486		54,843
Kansai Electric Power Co., Inc. (The)		3,200		48,222
Kyushu Electric Power Co., Inc.		4,500		54,303
NextEra Energy, Inc.		341		57,152
Orsted A/S		1,916		130,096
PG&E Corp.		1,182		54,384
Pinnacle West Capital Corp.		908		71,896
Power Assets Holdings, Ltd.		7,500		52,094
PPL Corp.		2,238		65,484
Red Electrica Corp. S.A.		1,648		34,442
Southern Co. (The)		1,002		43,687
SSE plc		3,302		49,296
Terna Rete Elettrica Nazionale S.p.A.		13,306		70,918
Tohoku Electric Power Co., Inc.		4,300		58,356
Tokyo Electric Power Co. Holdings, Inc. (b)		10,700		52,529
Xcel Energy, Inc.		1,254		59,201
				2,426,200
Electrical Equipment—0.1%
ABB, Ltd.		1,108		26,218
AMETEK, Inc.		263		20,809
Eaton Corp. plc		241		20,902
Emerson Electric Co.		316		24,199
Melrose Industries plc		7,129		18,546
Prysmian S.p.A.		1,058		24,563
Rockwell Automation, Inc.		79		14,814
Siemens Gamesa Renewable Energy S.A. (b)		1,609		20,310
Vestas Wind Systems A/S		324		21,884
				192,245
Electronic Equipment, Instruments & Components—0.2%
Amphenol Corp. - Class A		286		26,890
Corning, Inc.		679		23,969
Electronic Equipment, Instruments & Components—(Continued)
FLIR Systems, Inc.		418		25,694
Hamamatsu Photonics KK		500		19,912
Hexagon AB - B Shares		1,299		76,064
Hirose Electric Co., Ltd.		210		22,915
Ingenico Group S.A.		566		43,004
Keyence Corp.		26		15,084
TE Connectivity, Ltd.		255		22,422
Venture Corp., Ltd.		8,400		108,250
				384,204
Energy Equipment & Services—0.1%
Baker Hughes a GE Co.		651		22,023
Halliburton Co.		527		21,359
Helmerich & Payne, Inc.		506		34,798
John Wood Group plc		2,853		28,692
National Oilwell Varco, Inc.		669		28,821
Schlumberger, Ltd.		385		23,454
TechnipFMC plc		1,045		32,656
Tenaris S.A.		3,811		63,930
				255,733
Entertainment—0.0%
Activision Blizzard, Inc.		316		26,288
Twenty-First Century Fox, Inc. - Class A		340		15,752
UBISOFT Entertainment S.A. (b)		228		24,674
Viacom, Inc. - Class B		355		11,985
Walt Disney Co. (The)		129		15,085
				93,784
Equity Real Estate Investment Trusts—0.3%
Alexandria Real Estate Equities, Inc.		140		17,611
American Tower Corp.		81		11,769
Apartment Investment & Management Co. - Class A		320		14,122
AvalonBay Communities, Inc.		72		13,043
CapitaLand Mall Trust		16,900		27,519
Covivio		212		22,083
Crown Castle International Corp.		132		14,696
Digital Realty Trust, Inc.		95		10,686
Duke Realty Corp.		426		12,086
Equinix, Inc.		13		5,628
Equity Residential		312		20,673
Essex Property Trust, Inc.		49		12,089
Extra Space Storage, Inc.		152		13,169
Federal Realty Investment Trust		179		22,638
Gecina S.A.		143		23,877
GPT Group (The)		7,625		28,632
H&R Real Estate Investment Trust		1,522		23,414
HCP, Inc.		366		9,633
Host Hotels & Resorts, Inc.		799		16,859
Iron Mountain, Inc.		226		7,801
Kimco Realty Corp.		1,261		21,109
Klepierre SA		281		9,956
Macerich Co. (The)		190		10,505
Mid-America Apartment Communities, Inc.		203		20,337
Mirvac Group		7,066		12,308
Nippon Prologis REIT, Inc.		7		13,856

BHFTI-271

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Equity Real Estate Investment Trusts—(Continued)
ProLogis, Inc.		224	$	15,185
Public Storage		65		13,106
Realty Income Corp.		243		13,824
Regency Centers Corp.		217		14,033
Scentre Group		5,107		14,596
SL Green Realty Corp.		119		11,606
Suntec Real Estate Investment Trust		23,500		33,166
UDR, Inc.		346		13,989
Ventas, Inc.		163		8,864
Vicinity Centres		10,867		20,578
Vornado Realty Trust		240		17,520
Welltower, Inc.		160		10,291
Weyerhaeuser Co.		560		18,071
				620,928
Food & Staples Retailing—0.5%
Aeon Co., Ltd.		1,800		43,375
Alimentation Couche-Tard, Inc. - Class B		1,157		57,875
Carrefour S.A.		1,626		31,148
Colruyt S.A.		1,368		77,373
Costco Wholesale Corp.		182		42,748
Dairy Farm International Holdings, Ltd.		10,100		90,882
Empire Co., Ltd.		3,656		66,630
FamilyMart UNY Holdings Co., Ltd.		400		41,537
George Weston, Ltd.		591		44,735
ICA Gruppen AB		1,498		47,539
J Sainsbury plc		7,199		30,169
Jeronimo Martins SGPS S.A.		2,761		40,662
Koninklijke Ahold Delhaize NV		1,317		30,198
Kroger Co. (The)		1,260		36,679
Loblaw Cos., Ltd.		902		46,341
METRO AG		3,238		50,735
Metro, Inc.		1,668		51,887
Sysco Corp.		505		36,991
Walgreens Boots Alliance, Inc.		460		33,534
Walmart, Inc.		388		36,437
Wesfarmers, Ltd.		1,351		48,669
WM Morrison Supermarkets plc		7,958		26,893
Woolworths Group, Ltd.		2,362		47,814
				1,060,851
Food Products—0.7%
a2 Milk Co., Ltd. (b)		7,178		53,526
Ajinomoto Co., Inc.		1,300		22,310
Archer-Daniels-Midland Co.		800		40,216
Associated British Foods plc		716		21,366
Barry Callebaut AG		22		41,646
Campbell Soup Co.		1,160		42,491
Chocoladefabriken Lindt & Spruengli AG (Participation Certifcate)		9		63,068
Conagra Brands, Inc.		1,293		43,923
Danone S.A.		490		37,934
General Mills, Inc.		965		41,418
Golden Agri-Resources, Ltd.		341,900		62,472
Hershey Co. (The)		505		51,510
Hormel Foods Corp.		1,248		49,171
J.M. Smucker Co. (The)		447		45,867
Kellogg Co.		573		40,122
Kerry Group plc - Class A		960		106,117

Security Description	Shares		Value
Food Products—(Continued)
Kikkoman Corp.		500	$	29,754
Kraft Heinz Co. (The)		638		35,160
Marine Harvest ASA		3,770		87,336
McCormick & Co., Inc.		415		54,676
Mondelez International, Inc. - Class A		799		34,325
Nestle S.A.		374		31,157
NH Foods, Ltd.		500		18,460
Nisshin Seifun Group, Inc.		1,800		39,454
Nissin Foods Holdings Co., Ltd.		500		34,368
Orkla ASA		9,163		77,411
Saputo, Inc.		1,196		35,575
Toyo Suisan Kaisha, Ltd.		900		34,896
Tyson Foods, Inc. - Class A		579		34,468
WH Group, Ltd.		63,000		44,368
Wilmar International, Ltd.		25,100		59,037
Yamazaki Baking Co., Ltd.		891		17,836
				1,431,438
Gas Utilities—0.2%
APA Group		8,017		57,993
Hong Kong & China Gas Co., Ltd.		39,930		79,029
Naturgy Energy Group S.A.		1,368		37,340
Osaka Gas Co., Ltd.		2,600		50,715
Toho Gas Co., Ltd.		2,400		91,320
Tokyo Gas Co., Ltd.		2,200		54,078
				370,475
Health Care Equipment & Supplies—0.5%
Abbott Laboratories		415		30,444
Baxter International, Inc.		327		25,208
Becton Dickinson & Co.		118		30,798
BioMerieux		570		47,488
Boston Scientific Corp. (b)		655		25,218
Cochlear, Ltd.		450		65,633
Coloplast A/S - Class B		309		31,578
ConvaTec Group plc		9,121		27,604
Cooper Cos., Inc. (The)		107		29,655
CYBERDYNE, Inc. (b)		1,700		13,424
DENTSPLY SIRONA, Inc.		281		10,605
Edwards Lifesciences Corp. (b)		178		30,990
Essilor International Cie Generale d’Optique S.A.		379		56,043
Fisher & Paykel Healthcare Corp., Ltd.		9,553		95,303
Hologic, Inc. (b)		441		18,072
IDEXX Laboratories, Inc. (b)		65		16,228
Intuitive Surgical, Inc. (b)		47		26,978
Koninklijke Philips NV		1,781		81,114
Medtronic plc		184		18,100
Siemens Healthineers AG (b)		779		34,256
Smith & Nephew plc		3,434		62,582
Sonova Holding AG		316		62,873
Straumann Holding AG		36		27,060
Stryker Corp.		116		20,611
Terumo Corp.		800		47,397
Varian Medical Systems, Inc. (b)		180		20,147
William Demant Holding A/S (b)		1,180		44,312
Zimmer Biomet Holdings, Inc.		155		20,378
				1,020,099

BHFTI-272

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Health Care Providers & Services—0.4%
Aetna, Inc.		147	$	29,819
Alfresa Holdings Corp.		1,400		37,465
AmerisourceBergen Corp.		202		18,628
Anthem, Inc.		103		28,227
Cardinal Health, Inc.		267		14,418
Centene Corp. (b)		154		22,296
Cigna Corp.		108		22,491
CVS Health Corp.		375		29,520
DaVita, Inc. (b)		248		17,764
Envision Healthcare Corp. (b)		481		21,996
Express Scripts Holding Co. (b)		249		23,658
Fresenius Medical Care AG & Co. KGaA		367		37,742
Fresenius SE & Co. KGaA		626		45,964
HCA Healthcare, Inc.		219		30,467
Healthscope, Ltd.		23,317		35,352
Henry Schein, Inc. (b)		196		16,666
Humana, Inc.		79		26,743
Laboratory Corp. of America Holdings (b)		149		25,878
McKesson Corp.		99		13,132
Mediclinic International plc		7,174		40,068
Medipal Holdings Corp.		1,700		35,482
NMC Health plc		686		30,331
Quest Diagnostics, Inc.		205		22,122
Ramsay Health Care, Ltd.		1,232		48,910
Ryman Healthcare, Ltd.		11,793		109,422
Sonic Healthcare, Ltd.		3,593		64,903
Suzuken Co., Ltd.		700		33,206
UnitedHealth Group, Inc.		101		26,870
Universal Health Services, Inc. - Class B		172		21,989
				931,529
Health Care Technology—0.0%
Cerner Corp. (b)		294		18,937
M3, Inc.		1,200		27,209
				46,146
Hotels, Restaurants & Leisure—0.3%
Aristocrat Leisure, Ltd.		2,143		43,812
Carnival Corp.		294		18,748
Carnival plc		587		36,460
Chipotle Mexican Grill, Inc. (b)		41		18,635
Compass Group plc		1,704		37,888
Darden Restaurants, Inc.		178		19,792
Domino’s Pizza Enterprises, Ltd.		703		27,125
Flight Centre Travel Group, Ltd.		996		38,118
Genting Singapore, Ltd.		58,600		45,360
Marriott International, Inc. - Class A		134		17,692
McDonald’s Corp.		115		19,238
McDonald’s Holdings Co. Japan, Ltd.		700		30,713
MGM Resorts International		360		10,048
Norwegian Cruise Line Holdings, Ltd. (b)		239		13,726
Oriental Land Co., Ltd.		300		31,372
Paddy Power Betfair plc		819		69,885
Restaurant Brands International, Inc.		528		31,264
Royal Caribbean Cruises, Ltd.		80		10,395
Shangri-La Asia, Ltd.		14,000		20,807
SJM Holdings, Ltd.		26,000		23,705

Security Description	Shares		Value
Hotels, Restaurants & Leisure—(Continued)
Sodexo S.A.		284	$	30,081
Starbucks Corp.		289		16,427
Tabcorp Holdings, Ltd.		13,014		45,698
Wynn Macau, Ltd.		9,200		20,859
Yum! Brands, Inc.		224		20,364
				698,212
Household Durables—0.1%
Electrolux AB - Series B		1,406		30,928
Husqvarna AB - B Shares		4,333		36,847
Leggett & Platt, Inc.		284		12,436
Lennar Corp. - Class A		222		10,365
Mohawk Industries, Inc. (b)		93		16,308
Newell Brands, Inc.		468		9,500
Rinnai Corp.		100		7,610
Sekisui Chemical Co., Ltd.		1,100		20,297
Techtronic Industries Co., Ltd.		8,500		54,308
				198,599
Household Products—0.1%
Church & Dwight Co., Inc.		938		55,689
Clorox Co. (The)		330		49,635
Colgate-Palmolive Co.		528		35,350
Essity AB - Class B		1,332		33,454
Henkel AG & Co. KGaA		377		40,039
Kimberly-Clark Corp.		374		42,501
Procter & Gamble Co. (The)		415		34,540
Reckitt Benckiser Group plc		343		31,335
				322,543
Independent Power and Renewable Electricity Producers—0.1%
AES Corp.		4,275		59,850
Electric Power Development Co., Ltd.		1,600		44,279
Meridian Energy, Ltd.		48,700		106,047
NRG Energy, Inc.		1,322		49,443
Uniper SE		1,946		59,840
				319,459
Industrial Conglomerates—0.1%
3M Co.		82		17,278
CK Hutchison Holdings, Ltd.		3,500		40,131
General Electric Co.		529		5,972
Jardine Matheson Holdings, Ltd.		800		50,195
Jardine Strategic Holdings, Ltd.		1,200		43,557
Keihan Holdings Co., Ltd.		800		30,557
Keppel Corp., Ltd.		7,100		36,131
NWS Holdings, Ltd.		16,000		31,636
Roper Technologies, Inc.		75		22,216
Smiths Group plc		1,278		24,910
				302,583
Insurance—0.5%
Admiral Group plc		1,054		28,551
Aflac, Inc.		367		17,275
Ageas		802		43,105
Allianz SE		124		27,623

BHFTI-273

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Insurance—(Continued)
American International Group, Inc.		258	$	13,736
Aon plc		120		18,454
Arthur J. Gallagher & Co.		299		22,258
Assurant, Inc.		156		16,840
Baloise Holding AG		217		33,064
Chubb, Ltd.		124		16,571
Cincinnati Financial Corp.		244		18,742
CNP Assurances		1,135		27,335
Dai-ichi Life Holdings, Inc.		1,200		24,982
Everest Re Group, Ltd.		65		14,850
Fairfax Financial Holdings, Ltd.		55		29,881
Gjensidige Forsikring ASA		2,264		38,161
Hannover Rueck SE		299		42,234
Hartford Financial Services Group, Inc. (The)		341		17,036
Japan Post Holdings Co., Ltd.		1,800		21,418
Lincoln National Corp.		200		13,532
Manulife Financial Corp.		1,399		25,009
Mapfre S.A.		9,402		29,334
Marsh & McLennan Cos., Inc.		217		17,950
Medibank Private, Ltd.		7,000		14,723
MS&AD Insurance Group Holdings, Inc.		700		23,307
NN Group NV		1,063		47,354
Principal Financial Group, Inc.		264		15,468
Progressive Corp. (The)		304		21,596
Prudential Financial, Inc.		155		15,705
Sampo Oyj - A Shares		1,108		57,326
SCOR SE		737		34,207
Sompo Holdings, Inc.		600		25,553
Sony Financial Holdings, Inc.		1,300		28,655
Swiss Life Holding AG (b)		71		26,883
T&D Holdings, Inc.		1,400		23,102
Tokio Marine Holdings, Inc.		500		24,811
Torchmark Corp.		194		16,818
Travelers Cos., Inc. (The)		119		15,435
Tryg A/S		2,429		60,454
Unum Group		352		13,753
				1,023,091
Interactive Media & Services—0.1%
Alphabet, Inc. - Class A (b)		19		22,934
Auto Trader Group plc		15,413		89,717
REA Group, Ltd.		1,302		80,845
TripAdvisor, Inc. (b)		376		19,202
				212,698
Internet & Direct Marketing Retail—0.1%
Amazon.com, Inc. (b)		9		18,027
Booking Holdings, Inc. (b)		8		15,872
Delivery Hero AG (b)		921		44,268
eBay, Inc. (b)		633		20,902
Expedia Group, Inc.		63		8,220
Zalando SE (b)		269		10,457
				117,746

Security Description	Shares		Value
IT Services—0.4%
Accenture plc - Class A		119	$	20,254
Akamai Technologies, Inc. (b)		235		17,190
Alliance Data Systems Corp.		84		19,837
Amadeus IT Group S.A.		1,525		141,513
Atos SE		411		48,846
Automatic Data Processing, Inc.		159		23,955
Capgemini SE		365		45,936
CGI Group, Inc. - Class A (b)		1,295		83,496
Cognizant Technology Solutions Corp. - Class A		236		18,207
Computershare, Ltd.		7,589		109,020
Fidelity National Information Services, Inc.		196		21,378
Fiserv, Inc. (b)		322		26,526
Global Payments, Inc.		163		20,766
International Business Machines Corp.		103		15,575
MasterCard, Inc. - Class A		94		20,925
Nomura Research Institute, Ltd.		300		15,141
NTT Data Corp.		2,000		27,695
Obic Co., Ltd.		300		28,362
Otsuka Corp.		800		29,860
Paychex, Inc.		297		21,874
PayPal Holdings, Inc. (b)		208		18,271
Shopify, Inc. - Class A (b)		233		38,297
Total System Services, Inc.		244		24,093
VeriSign, Inc. (b)		148		23,698
Visa, Inc. - Class A		130		19,512
Western Union Co. (The)		937		17,859
Wirecard AG		277		59,988
				958,074
Leisure Products—0.0%
Bandai Namco Holdings, Inc.		900		34,971
Hasbro, Inc.		140		14,717
Mattel, Inc.		1,084		17,019
Sankyo Co., Ltd.		700		27,389
				94,096
Life Sciences Tools & Services—0.1%
Agilent Technologies, Inc.		374		26,382
Eurofins Scientific SE		89		50,453
Illumina, Inc. (b)		72		26,428
IQVIA Holdings, Inc. (b)		59		7,655
Lonza Group AG (b)		193		65,814
PerkinElmer, Inc.		295		28,694
QIAGEN NV (b)		948		35,881
Thermo Fisher Scientific, Inc.		100		24,408
Waters Corp. (b)		104		20,247
				285,962
Machinery—0.3%
Alfa Laval AB		1,206		32,658
Andritz AG		697		40,664
Caterpillar, Inc.		163		24,856
CNH Industrial NV		3,501		41,991
Cummins, Inc.		142		20,742
Dover Corp.		246		21,778
Flowserve Corp.		254		13,891

BHFTI-274

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Machinery—(Continued)
Ingersoll-Rand plc		210	$	21,483
Kawasaki Heavy Industries, Ltd.		400		11,283
Kone Oyj - Class B		580		30,965
Kurita Water Industries, Ltd.		900		26,201
MAN SE		343		37,298
Metso Oyj		803		28,372
PACCAR, Inc.		104		7,092
Parker-Hannifin Corp.		111		20,416
Pentair plc		240		10,404
Sandvik AB		1,688		29,959
Schindler Holding AG		145		34,955
Schindler Holding AG (Participation Certificate)		131		32,617
SKF AB - B Shares		1,179		23,234
Snap-on, Inc.		113		20,747
Stanley Black & Decker, Inc.		134		19,623
Sumitomo Heavy Industries, Ltd.		740		26,409
Volvo AB - B Shares		1,271		22,446
Wartsila Oyj Abp		1,698		33,099
Xylem, Inc.		298		23,801
Yangzijiang Shipbuilding Holdings, Ltd.		30,587		27,644
				684,628
Marine—0.0%
AP Moller - Maersk A/S - Class A		15		19,663
AP Moller - Maersk A/S - Class B		15		21,052
Kuehne & Nagel International AG		191		30,234
				70,949
Media—0.2%
Altice USA, Inc. - Class A		615		11,156
CBS Corp. - Class B		157		9,020
Charter Communications, Inc. - Class A (b)		22		7,169
Comcast Corp. - Class A		495		17,528
Discovery, Inc. - Class A (b)		626		20,032
Discovery, Inc. - Class C (b)		380		11,240
DISH Network Corp. - Class A (b)		315		11,264
Informa plc		4,220		41,883
Interpublic Group of Cos., Inc. (The)		639		14,614
News Corp. - Class A		1,215		16,026
Omnicom Group, Inc.		164		11,155
Pearson plc		3,150		36,473
Schibsted ASA - B Shares		2,038		70,625
SES S.A.		1,955		42,883
Shaw Communications, Inc. - Class B		2,047		39,889
Singapore Press Holdings, Ltd.		34,400		72,198
Telenet Group Holding NV (b)		1,334		73,446
				506,601
Metals & Mining—0.2%
Agnico Eagle Mines, Ltd.		631		21,554
Antofagasta plc		2,184		24,281
ArcelorMittal		1,112		34,480
BHP Billiton, Ltd.		1,266		31,514
Boliden AB		1,530		42,592
First Quantum Minerals, Ltd.		1,606		18,290
Metals & Mining—(Continued)
Freeport-McMoRan, Inc.		2,373		33,032
Fresnillo plc		497		5,312
Hitachi Metals, Ltd.		400		4,953
Maruichi Steel Tube, Ltd.		800		26,086
Newmont Mining Corp.		1,642		49,588
Nippon Steel & Sumitomo Metal Corp.		700		14,807
Norsk Hydro ASA		6,064		36,401
Nucor Corp.		593		37,626
Randgold Resources, Ltd.		277		19,647
Rio Tinto plc		184		9,283
Voestalpine AG		975		44,550
Wheaton Precious Metals Corp.		1,168		20,437
				474,433
Multi-Utilities—0.6%
AGL Energy, Ltd.		5,336		75,367
Ameren Corp.		966		61,071
Atco, Ltd. - Class I		1,185		34,633
Canadian Utilities, Ltd. - Class A		3,274		80,503
CenterPoint Energy, Inc.		2,614		72,277
Centrica plc		27,937		56,353
CMS Energy Corp.		1,205		59,045
Consolidated Edison, Inc.		792		60,343
Dominion Energy, Inc.		937		65,852
DTE Energy Co.		593		64,714
E.ON SE		5,599		57,076
Engie S.A.		3,139		46,109
Innogy SE (b)		1,486		63,063
National Grid plc		6,090		62,796
NiSource, Inc.		2,195		54,699
Public Service Enterprise Group, Inc.		1,131		59,706
RWE AG		2,029		50,049
SCANA Corp.		1,546		60,124
Sempra Energy		467		53,121
Suez		2,981		42,328
Veolia Environnement S.A.		2,395		47,775
WEC Energy Group, Inc.		955		63,756
				1,290,760
Multiline Retail—0.1%
Canadian Tire Corp., Ltd. - Class A		369		43,235
Dollar General Corp.		210		22,953
Dollar Tree, Inc. (b)		182		14,842
Dollarama, Inc.		1,089		34,306
Harvey Norman Holdings, Ltd.		10,455		26,602
Kohl’s Corp.		254		18,936
Macy’s, Inc.		578		20,074
Marks & Spencer Group plc		7,716		29,014
Nordstrom, Inc.		387		23,146
Target Corp.		251		22,141
				255,249
Oil, Gas & Consumable Fuels—1.3%
Aker BP ASA		1,124		47,698
Anadarko Petroleum Corp.		522		35,188
Andeavor		271		41,599

BHFTI-275

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Oil, Gas & Consumable Fuels—(Continued)
Apache Corp.		675	$	32,177
BP plc		4,303		33,014
Cabot Oil & Gas Corp.		1,136		25,583
Caltex Australia, Ltd.		3,390		73,268
Canadian Natural Resources, Ltd.		758		24,765
Chevron Corp.		223		27,268
Cimarex Energy Co.		339		31,507
Concho Resources, Inc. (b)		239		36,507
ConocoPhillips		517		40,016
Devon Energy Corp.		750		29,955
Enagas S.A.		3,754		101,333
Eni S.p.A.		3,981		75,083
EOG Resources, Inc.		272		34,699
EQT Corp.		508		22,469
Equinor ASA		2,345		66,103
Exxon Mobil Corp.		297		25,251
Galp Energia SGPS S.A.		5,386		106,801
Hess Corp.		588		42,089
Idemitsu Kosan Co., Ltd.		1,900		100,497
Inpex Corp.		6,000		74,681
Inter Pipeline, Ltd.		1,252		21,712
JXTG Holdings, Inc.		12,800		96,539
Kinder Morgan, Inc.		1,283		22,748
Koninklijke Vopak NV		3,098		152,568
Lundin Petroleum AB		3,159		120,578
Marathon Oil Corp.		1,445		33,640
Marathon Petroleum Corp.		385		30,788
Neste Oyj		1,769		146,077
Newfield Exploration Co. (b)		796		22,949
Noble Energy, Inc.		866		27,011
Occidental Petroleum Corp.		418		34,347
Oil Search, Ltd.		10,238		66,522
OMV AG		1,459		81,902
ONEOK, Inc.		538		36,471
Origin Energy, Ltd. (b)		8,213		48,795
Phillips 66		289		32,576
Pioneer Natural Resources Co.		166		28,916
Repsol S.A.		4,158		82,861
Royal Dutch Shell plc - A Shares		1,973		67,729
Royal Dutch Shell plc - B Shares		1,809		63,307
Santos, Ltd.		10,900		56,981
Showa Shell Sekiyu KK		6,200		131,376
Snam S.p.A.		25,414		105,672
Total S.A.		1,994		128,742
TransCanada Corp.		655		26,501
Valero Energy Corp.		325		36,969
Williams Cos., Inc. (The)		1,139		30,969
Woodside Petroleum, Ltd.		2,053		57,006
				2,919,803
Paper & Forest Products—0.1%
Mondi plc		1,233		33,760
OJI Holdings Corp.		2,000		14,521
Stora Enso Oyj - R Shares		2,814		53,745
UPM-Kymmene Oyj		1,557		61,004
				163,030
Personal Products—0.1%
Beiersdorf AG		469		52,918
Coty, Inc. - Class A		2,675		33,598
Estee Lauder Cos., Inc. (The) - Class A		343		49,845
L’Oreal S.A.		140		33,710
Unilever NV		612		34,078
Unilever plc		621		34,106
				238,255
Pharmaceuticals—0.6%
Allergan plc		110		20,953
AstraZeneca plc		648		50,483
Bausch Health Cos., Inc. (b)		2,395		61,504
Bayer AG		395		35,089
Bristol-Myers Squibb Co.		248		15,396
Daiichi Sankyo Co., Ltd.		1,000		43,355
Eli Lilly & Co.		216		23,179
GlaxoSmithKline plc		2,714		54,375
H Lundbeck A/S		574		35,409
Ipsen S.A.		122		20,494
Johnson & Johnson		142		19,620
Kyowa Hakko Kirin Co., Ltd.		1,600		30,017
Merck & Co., Inc.		311		22,062
Merck KGaA		416		42,986
Mitsubishi Tanabe Pharma Corp.		1,600		26,766
Mylan NV (b)		381		13,945
Novartis AG		575		49,541
Novo Nordisk A/S - Class B		799		37,612
Orion Oyj - Class B		2,185		82,717
Otsuka Holdings Co., Ltd.		800		40,331
Perrigo Co. plc		215		15,222
Pfizer, Inc.		475		20,933
Recordati S.p.A.		1,559		52,629
Roche Holding AG		178		43,072
Sanofi		850		75,820
Takeda Pharmaceutical Co., Ltd.		600		25,691
Teva Pharmaceutical Industries, Ltd. (ADR)		3,879		83,554
UCB S.A.		1,118		100,343
Vifor Pharma AG		370		64,144
Zoetis, Inc.		294		26,919
				1,234,161
Professional Services—0.1%
Equifax, Inc.		97		12,665
Experian plc		1,195		30,691
Nielsen Holdings plc		377		10,428
Randstad NV		631		33,679
RELX plc (b)		1,863		39,140
Robert Half International, Inc.		330		23,225
Seek, Ltd.		2,171		32,452
SGS S.A.		12		31,568
Verisk Analytics, Inc. (b)		223		26,883
Wolters Kluwer NV		350		21,811
				262,542
Real Estate Management & Development—0.2%
Aeon Mall Co., Ltd.		1,000		17,182

BHFTI-276

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Real Estate Management & Development—(Continued)
Azrieli Group, Ltd.		912	$	46,803
CapitaLand, Ltd.		11,800		29,047
CBRE Group, Inc. - Class A (b)		363		16,008
City Developments, Ltd.		2,900		19,301
Deutsche Wohnen SE		855		41,014
First Capital Realty, Inc.		1,716		25,906
Mitsubishi Estate Co., Ltd.		1,000		17,008
Swire Pacific, Ltd. - Class A		2,500		27,392
Swiss Prime Site AG (b)		396		33,741
Vonovia SE		784		38,304
Wharf Holdings, Ltd. (The)		3,000		8,123
Wharf Real Estate Investment Co., Ltd.		3,000		19,358
				339,187
Road & Rail—0.2%
Aurizon Holdings, Ltd.		8,386		24,887
Canadian National Railway Co.		536		48,095
Canadian Pacific Railway, Ltd.		194		41,038
ComfortDelGro Corp., Ltd.		14,400		25,564
CSX Corp.		324		23,992
DSV A/S		507		46,072
J.B. Hunt Transport Services, Inc.		132		15,700
Kansas City Southern		206		23,336
MTR Corp., Ltd.		8,000		41,958
Odakyu Electric Railway Co., Ltd.		1,100		26,028
Union Pacific Corp.		164		26,704
				343,374
Semiconductors & Semiconductor Equipment—0.2%
Advanced Micro Devices, Inc. (b)		459		14,179
Analog Devices, Inc.		254		23,485
ASM Pacific Technology, Ltd.		9,500		96,734
ASML Holding NV		341		63,676
Broadcom, Inc.		78		19,245
Infineon Technologies AG		1,351		30,695
Microchip Technology, Inc.		245		19,333
NVIDIA Corp.		83		23,325
NXP Semiconductors NV		507		43,348
QUALCOMM, Inc.		319		22,978
Skyworks Solutions, Inc.		204		18,505
STMicroelectronics NV		1,682		30,598
Texas Instruments, Inc.		219		23,496
Xilinx, Inc.		329		26,376
				455,973
Software—0.4%
Adobe Systems, Inc. (b)		93		25,105
Autodesk, Inc. (b)		154		24,041
Blackberry, Ltd. (b)		4,583		51,874
CA, Inc.		648		28,609
Check Point Software Technologies, Ltd. (b)		971		114,258
Constellation Software, Inc.		62		45,594
Dassault Systemes SE		473		70,593
Intuit, Inc.		118		26,833
Micro Focus International plc		2,843		52,680
Software—(Continued)
Microsoft Corp.		208		23,789
Nice, Ltd. (b)		1,058		121,264
Open Text Corp.		2,232		84,932
Oracle Corp.		419		21,604
Oracle Corp. Japan		400		32,247
Red Hat, Inc. (b)		108		14,718
Sage Group plc (The)		7,535		57,535
SAP SE		210		25,845
Symantec Corp.		778		16,556
Synopsys, Inc. (b)		278		27,414
Temenos AG (b)		508		82,274
				947,765
Specialty Retail—0.2%
ABC-Mart, Inc.		300		16,687
Advance Auto Parts, Inc.		160		26,933
AutoZone, Inc. (b)		26		20,168
Best Buy Co., Inc.		298		23,649
Dufry AG (b)		227		25,563
Foot Locker, Inc.		331		16,874
Gap, Inc. (The)		659		19,012
Hennes & Mauritz AB - B Shares		1,557		28,742
Industria de Diseno Textil S.A.		1,927		58,268
Kingfisher plc		9,450		31,758
L Brands, Inc.		431		13,059
Nitori Holdings Co., Ltd.		100		14,341
O’Reilly Automotive, Inc. (b)		47		16,324
Ross Stores, Inc.		286		28,343
Shimamura Co., Ltd.		100		9,481
Tiffany & Co.		144		18,572
TJX Cos., Inc. (The)		211		23,636
Tractor Supply Co.		276		25,083
Ulta Salon Cosmetics & Fragrance, Inc. (b)		70		19,748
USS Co., Ltd.		1,200		22,278
Yamada Denki Co., Ltd.		4,100		20,749
				479,268
Technology Hardware, Storage & Peripherals—0.1%
Canon, Inc.		800		25,322
FUJIFILM Holdings Corp.		700		31,519
HP, Inc.		794		20,461
NetApp, Inc.		274		23,534
Western Digital Corp.		248		14,518
Xerox Corp.		210		5,666
				121,020
Textiles, Apparel & Luxury Goods—0.3%
adidas AG		141		34,526
Cie Financiere Richemont S.A.		404		32,891
Gildan Activewear, Inc.		1,420		43,205
Hanesbrands, Inc.		1,030		18,983
Hermes International		55		36,396
Li & Fung, Ltd.		86,000		19,229
Luxottica Group S.p.A.		868		58,908
Michael Kors Holdings, Ltd. (b)		282		19,334

BHFTI-277

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Textiles, Apparel & Luxury Goods—(Continued)
Moncler S.p.A.		120	$	5,164
NIKE, Inc. - Class B		289		24,484
Pandora A/S		1,147		71,701
PVH Corp.		170		24,548
Ralph Lauren Corp.		142		19,532
Swatch Group AG (The)		556		43,289
Swatch Group AG (The) - Bearer Shares		89		35,352
Tapestry, Inc.		387		19,455
Under Armour, Inc. - Class A (b)		995		21,114
Under Armour, Inc. - Class C (b)		1,004		19,538
VF Corp.		341		31,866
Yue Yuen Industrial Holdings, Ltd.		9,500		26,396
				605,911
Tobacco—0.1%
Altria Group, Inc.		744		44,871
Imperial Brands plc		1,224		42,569
Japan Tobacco, Inc.		1,000		26,107
Philip Morris International, Inc.		407		33,187
Swedish Match AB		1,193		61,038
				207,772
Trading Companies & Distributors—0.1%
AerCap Holdings NV (b)		452		25,999
Brenntag AG		505		31,169
Fastenal Co.		349		20,249
Ferguson plc		402		34,102
Finning International, Inc.		1,449		35,394
Marubeni Corp.		2,700		24,719
United Rentals, Inc. (b)		70		11,452
WW Grainger, Inc.		73		26,091
				209,175
Transportation Infrastructure—0.1%
Aena SME S.A.		150		25,946
Aeroports de Paris		108		24,313
Atlantia S.p.A.		929		19,237
Auckland International Airport, Ltd.		10,634		51,457
Fraport AG Frankfurt Airport Services Worldwide		357		31,543
SATS, Ltd.		7,500		28,628
Sydney Airport		6,700		33,393
Transurban Group		4,862		39,305
				253,822
Water Utilities—0.1%
American Water Works Co., Inc.		434		38,179
Severn Trent plc		2,194		52,837
United Utilities Group plc		5,551		50,901
				141,917
Wireless Telecommunication Services—0.2%
1&1 Drillisch AG		498		24,225
KDDI Corp.		2,200		60,787
Wireless Telecommunication Services—(Continued)
Millicom International Cellular S.A.		880		50,511
NTT DoCoMo, Inc.		3,200		86,050
Rogers Communications, Inc. - Class B		1,209		62,179
SoftBank Group Corp.		600		60,591
Tele2 AB - B Shares		5,534		66,495
Vodafone Group plc		26,958		57,797
				468,635
Total Common Stocks (Cost $31,710,064)				36,036,774
Mutual Fund—14.8%
Investment Company Security—14.8%
iShares iBoxx $ Investment Grade Corporate Bond ETF (Cost $33,352,901)		282,163		32,428,993
U.S. Treasury & Government Agencies—11.6%
U.S. Treasury—11.6%
U.S. Treasury Inflation Indexed Bond 3.875%, 04/15/29 (a)		11,144,474		14,348,365
U.S. Treasury Inflation Indexed Notes 0.125%, 01/15/23 (a)		2,161,705		2,093,070
0.250%, 01/15/25 (a)		6,043,350		5,800,046
0.375%, 07/15/25 (a)		3,400,544		3,292,816
Total U.S. Treasury & Government Agencies (Cost $26,527,297)				25,534,297
Preferred Stocks—0.1%
Automobiles—0.0%
Bayerische Motoren Werke (BMW) AG		344		27,000
Health Care Equipment & Supplies—0.1%
Sartorius AG		286		46,418
Household Products—0.0%
Henkel AG & Co. KGaA		304		35,687
Total Preferred Stocks (Cost $105,075)				109,105
Rights—0.0%
Multiline Retail—0.0%
Harvey Norman Holdings, Ltd., Expires 10/15/18 (b) (Cost $0)		1		1

BHFTI-278

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Short-Term Investments—23.5%

Security Description	Shares/ Principal Amount*		Value
Mutual Funds—9.5%
BlackRock Liquidity Funds T-Fund Portfolio, Institutional Class, 1.970% (c)		12,252,966	$	12,252,966
UBS Select Treasury Institutional Fund, Institutional Class, 1.990% (c)		8,677,830		8,677,830
				20,930,796
Repurchase Agreement—0.4%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $766,128; collateralized by U.S. Treasury Note at 2.125%, maturing 07/31/24, with a market value of $785,055.		766,064		766,064
U.S. Treasury—13.6%
U.S. Treasury Bills 1.931%, 10/11/18 (d)		20,000,000		19,988,632
2.098%, 12/06/18 (d) (e)		10,000,000		9,960,996
				29,949,628
Total Short-Term Investments (Cost $51,647,678)				51,646,488
Total Investments—88.0% (Cost $188,598,468)				193,069,699
Other assets and liabilities (net)—12.0%				26,392,472
Net Assets—100.0%			$	219,462,171

*		Principal amount stated in U.S. dollars unless otherwise noted.
(a)	Principal amount of security is adjusted for inflation.
(b)	Non-income producing security.
(c)	The rate shown represents the annualized seven-day yield as of September 30, 2018.
(d)	The rate shown represents current yield to maturity.
(e)	All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2018, the market value of securities pledged was $9,960,996.
(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, 2018, the market value of 144A securities was $6,413,526 which is 2.9% of net assets.

Forward Foreign Currency Exchange Contracts

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
AUD	2,600,000	BNP		10/30/18		USD	1,885,599	$	5,863
CAD	2,585,214	SSBT		10/30/18		USD	1,997,961		(4,799	)
CAD	14,786	SSBT		10/30/18		USD	11,425		(29	)
CHF	1,200,000	SSBT		10/30/18		USD	1,247,205		21,417
EUR	6,800,000	SSBT		10/30/18		USD	8,023,184		110,780
EUR	23,585,000	SSBT		11/29/18		USD	27,687,057		179,087
GBP	1,400,000	SSBT		10/30/18		USD	1,848,866		21,843
GBP	15,800,000	BBP		11/29/18		USD	20,851,198		204,838
HKD	9,900,000	SSBT		10/30/18		USD	1,267,377		2,273
JPY	370,900,000	SSBT		10/30/18		USD	3,291,600		20,607
Net Unrealized Appreciation								$	561,880

BHFTI-279

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts		Notional Value			Value/ Unrealized Appreciation/ (Depreciation)
Aluminum Futures		12/17/18		39		USD	2,023,613	$	12,459
Amsterdam AEX Index Futures		10/19/18		3		EUR	329,670		3,922
Australian 10 Year Treasury Bond Futures		12/17/18		364		AUD	46,902,507		(221,819	)
Bloomberg Commodity Index Futures		12/19/18		656		USD	5,589,120		181,646
Brent Crude Oil Futures		10/31/18		37		USD	3,061,010		233,732
Canada Government Bond 10 Year Futures		12/18/18		289		CAD	38,327,180		(375,229	)
Cattle Feeder Futures		11/15/18		7		USD	553,175		23,298
Cattle Feeder Futures		01/31/19		4		USD	309,300		2,249
Cocoa Futures		12/13/18		71		USD	1,460,470		(238,675	)
Coffee “C” Futures		12/18/18		15		USD	576,281		(48,917	)
Copper Futures		12/27/18		23		USD	1,612,875		25,783
Corn Futures		12/14/18		45		USD	801,563		(109,265	)
Corn Futures		03/14/19		5		USD	92,000		(6,703	)
Cotton No. 2 Futures		12/06/18		41		USD	1,565,585		(145,406	)
DAX Index Futures		12/21/18		2		EUR	612,075		8,238
Euro-BTP Futures		12/06/18		112		EUR	13,870,080		394,437
Euro-Bobl Futures		12/06/18		170		EUR	22,219,000		(176,746	)
Euro-Bund Futures		12/06/18		72		EUR	11,432,880		(154,923	)
Euro-Buxl 30 Year Bond Futures		12/06/18		30		EUR	5,229,600		(101,685	)
FTSE 100 Index Futures		12/21/18		6		GBP	449,190		16,680
Gasoline RBOB Futures		10/31/18		16		USD	1,401,590		103,873
Gasoline RBOB Futures		11/30/18		1		USD	87,179		4,259
Gold 100 oz. Futures		12/27/18		42		USD	5,024,040		(156,828	)
Goldman Sachs Commodity Index Futures		10/15/18		77		USD	9,359,350		409,721
Hang Seng Index Futures		10/30/18		5		HKD	6,969,250		13,221
IBEX 35 Index Futures		10/19/18		3		EUR	281,040		(2,027	)
10-Year USD Market Agreed Coupon Swap Futures		12/17/18		207		USD	20,402,438		(202,643	)
5-Year USD Market Agreed Coupon Swap Futures		12/17/18		282		USD	27,732,938		(130,651	)
Japanese Government 10 Year Bond Futures		12/13/18		23		JPY	3,452,070,000		(44,759	)
Japanese Government 10 Year Bond Mini Futures		12/12/18		444		JPY	6,663,552,000		(98,749	)
Lean Hogs Futures		12/14/18		25		USD	579,250		26,272
Live Cattle Futures		02/28/19		66		USD	3,241,920		18,851
Low Sulphur Gas Oil Futures		12/12/18		20		USD	1,442,500		82,291
MSCI Emerging Markets Index Mini Futures		12/21/18		307		USD	16,112,895		424,421
Natural Gas Futures		11/28/18		81		USD	2,503,710		143,856
New York Harbor ULSD Futures		11/30/18		14		USD	1,383,329		55,275
Nickel Futures		12/17/18		17		USD	1,284,384		(107,806	)
OMX Stockholm 30 Index Futures		10/19/18		14		SEK	2,324,000		4,979
Russell 2000 Index Mini Futures		12/21/18		354		USD	30,104,160		(152,699	)
S&P 500 Index E-Mini Futures		12/21/18		155		USD	22,622,250		58,900
S&P TSX 60 Index Futures		12/20/18		4		CAD	760,240		2,526
SPI 200 Index Futures		12/20/18		5		AUD	774,250		527
Silver Futures		12/27/18		38		USD	2,795,280		(85,907	)
Soybean Futures		11/14/18		20		USD	845,500		(134,312	)
Soybean Meal Futures		12/14/18		35		USD	1,081,500		(187,797	)
Soybean Oil Futures		12/14/18		64		USD	1,113,216		(111,486	)
Sugar No. 11 Futures		02/28/19		29		USD	363,776		(48,560	)
TOPIX Index Futures		12/13/18		6		JPY	109,050,000		78,894
U.S. Treasury Long Bond Futures		12/19/18		106		USD	14,893,000		(407,191	)
U.S. Treasury Note 2 Year Futures		12/31/18		18		USD	3,793,219		(9,912	)
United Kingdom Long Gilt Bond Futures		12/27/18		188		GBP	22,736,720		(293,091	)
Wheat Futures		12/14/18		25		USD	636,250		(49,765	)
Wheat Futures		03/14/19		29		USD	764,513		(52,741	)
Zinc Futures		12/17/18		28		USD	1,835,400		141,245

BHFTI-280

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Futures Contracts—(Continued)

Futures Contracts—Short	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
Aluminum Futures		12/17/18		(3	)		USD	(155,663	)	$	(692	)
Zinc Futures		12/17/18		(2	)		USD	(131,100	)		(10,811	)
Net Unrealized Depreciation										$	(1,396,240	)

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 Received			Unrealized Depreciation
Pay		3M LIBOR		Quarterly		2.750	%	Semi-Annually		12/19/20		USD	74,036,000	$	(455,839	)	$	(332,551	)	$	(123,288	)

Glossary of Abbreviations

Counterparties

(BBP)—	Barclays Bank plc
(BNP)—	BNP Paribas S.A.
(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

Index Abbreviations

(LIBOR)— London Interbank Offered Rate

Other Abbreviations

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

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

BHFTI-281

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy—(Continued)

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2		Level 3		Total
Total Foreign Government*	$	—	$	47,314,041	$	—	$	47,314,041
Common Stocks
Aerospace & Defense		331,470		186,046		—		517,516
Air Freight & Logistics		67,486		46,995		—		114,481
Airlines		145,729		52,823		—		198,552
Auto Components		100,510		72,701		—		173,211
Automobiles		26,263		139,328		—		165,591
Banks		338,222		689,866		—		1,028,088
Beverages		249,855		510,303		—		760,158
Biotechnology		146,849		197,071		—		343,920
Building Products		68,293		16,644		—		84,937
Capital Markets		199,149		82,852		—		282,001
Chemicals		552,938		1,240,306		—		1,793,244
Commercial Services & Supplies		93,721		54,232		—		147,953
Communications Equipment		99,163		196,378		—		295,541
Construction & Engineering		74,401		—		—		74,401
Construction Materials		75,735		127,742		—		203,477
Consumer Finance		12,152		—		—		12,152
Containers & Packaging		262,858		84,417		—		347,275
Distributors		26,617		53,801		—		80,418
Diversified Consumer Services		14,832		14,238		—		29,070
Diversified Financial Services		35,619		120,410		—		156,029
Diversified Telecommunication Services		1,232,047		1,955,787		—		3,187,834
Electric Utilities		975,695		1,450,505		—		2,426,200
Electrical Equipment		80,724		111,521		—		192,245
Electronic Equipment, Instruments & Components		98,975		285,229		—		384,204
Energy Equipment & Services		163,111		92,622		—		255,733
Entertainment		69,110		24,674		—		93,784
Equity Real Estate Investment Trusts		414,357		206,571		—		620,928
Food & Staples Retailing		453,857		606,994		—		1,060,851
Food Products		548,922		882,516		—		1,431,438
Gas Utilities		—		370,475		—		370,475
Health Care Equipment & Supplies		323,432		696,667		—		1,020,099
Health Care Providers & Services		412,684		518,845		—		931,529
Health Care Technology		18,937		27,209		—		46,146
Hotels, Restaurants & Leisure		196,329		501,883		—		698,212
Household Durables		48,609		149,990		—		198,599
Household Products		217,715		104,828		—		322,543
Independent Power and Renewable Electricity Producers		109,293		210,166		—		319,459
Industrial Conglomerates		45,466		257,117		—		302,583
Insurance		340,909		682,182		—		1,023,091
Interactive Media & Services		42,136		170,562		—		212,698
Internet & Direct Marketing Retail		63,021		54,725		—		117,746
IT Services		451,713		506,361		—		958,074
Leisure Products		31,736		62,360		—		94,096
Life Sciences Tools & Services		133,814		152,148		—		285,962
Machinery		204,833		479,795		—		684,628
Marine		—		70,949		—		70,949
Media		169,093		337,508		—		506,601
Metals & Mining		180,527		293,906		—		474,433
Multi-Utilities		789,844		500,916		—		1,290,760
Multiline Retail		199,633		55,616		—		255,249
Oil, Gas & Consumable Fuels		834,670		2,085,133		—		2,919,803
Paper & Forest Products		—		163,030		—		163,030
Personal Products		83,443		154,812		—		238,255
Pharmaceuticals		323,287		910,874		—		1,234,161
Professional Services		112,341		150,201		—		262,542

BHFTI-282

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1			Level 2			Level 3		Total
Real Estate Management & Development	$	41,914		$	297,273		$	—	$	339,187
Road & Rail		178,865			164,509			—		343,374
Semiconductors & Semiconductor Equipment		234,270			221,703			—		455,973
Software		505,327			442,438			—		947,765
Specialty Retail		251,401			227,867			—		479,268
Technology Hardware, Storage & Peripherals		64,179			56,841			—		121,020
Textiles, Apparel & Luxury Goods		242,059			363,852			—		605,911
Tobacco		78,058			129,714			—		207,772
Trading Companies & Distributors		119,185			89,990			—		209,175
Transportation Infrastructure		—			253,822			—		253,822
Water Utilities		38,179			103,738			—		141,917
Wireless Telecommunication Services		62,179			406,456			—		468,635
Total Common Stocks		14,107,741			21,929,033			—		36,036,774
Total Mutual Fund*		32,428,993			—			—		32,428,993
Total U.S. Treasury & Government Agencies*		—			25,534,297			—		25,534,297
Total Preferred Stocks*		—			109,105			—		109,105
Total Rights*		1			—			—		1
Short-Term Investments
Mutual Funds		20,930,796			—			—		20,930,796
Repurchase Agreement		—			766,064			—		766,064
U.S. Treasury		—			29,949,628			—		29,949,628
Total Short-Term Investments		20,930,796			30,715,692			—		51,646,488
Total Investments	$	67,467,531		$	125,602,168		$	—	$	193,069,699
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	566,708		$	—	$	566,708
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(4,828	)		—		(4,828	)
Total Forward Contracts	$	—		$	561,880		$	—	$	561,880
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	2,471,555		$	—		$	—	$	2,471,555
Futures Contracts (Unrealized Depreciation)		(3,867,795	)		—			—		(3,867,795	)
Total Futures Contracts	$	(1,396,240	)	$	—		$	—	$	(1,396,240	)
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Depreciation)	$	—		$	(123,288	)	$	—	$	(123,288	)

* See Consolidated Schedule of Investments for additional detailed categorizations.

Transfers from Level 1 to Level 2 in the amount of $19,967 were due to the application of a systematic fair valuation model factor.

BHFTI-283

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

U.S. Treasury & Government Agencies—118.8% of Net Assets

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—18.5%
Fannie Mae 30 Yr. Pool 3.500%, TBA (a)		235,420,000	$	231,422,171
4.000%, TBA (a)		208,900,000		210,780,600
Fannie Mae ARM Pool 2.947%, 12M MTA + 1.200%, 07/01/44 (b)		11,087		11,026
2.947%, 12M MTA + 1.200%, 09/01/44 (b)		20,535		20,423
4.162%, 1Y CMT + 2.360%, 11/01/34 (b)		438,784		464,005
Fannie Mae REMICS (CMO) 2.194%, 1M LIBOR + 0.060%, 12/25/36 (b)		39,130		38,670
2.276%, 1M LIBOR + 0.060%, 07/25/37 (b)		353,474		347,346
2.366%, 1M LIBOR + 0.150%, 08/25/34 (b)		48,757		48,225
2.566%, 1M LIBOR + 0.350%, 07/25/37 (b)		5,949		5,940
2.596%, 1M LIBOR + 0.380%, 07/25/37 (b)		64,266		64,619
2.896%, 1M LIBOR + 0.680%, 02/25/41 (b)		1,323,830		1,349,375
3.914%, 05/25/35 (b)		220,745		231,363
Fannie Mae Whole Loan (CMO) 2.566%, 1M LIBOR + 0.350%, 05/25/42 (b)		45,057		45,295
Freddie Mac ARM Non-Gold Pool 3.548%, 1Y CMT + 2.255%, 01/01/34 (b)		66,435		70,066
Freddie Mac REMICS (CMO) 2.308%, 1M LIBOR + 0.150%, 10/15/20 (b)		34		34
2.432%, 1M LIBOR + 0.350%, 07/15/44 (b)		4,466,828		4,452,888
2.608%, 1M LIBOR + 0.450%, 08/15/33 (b)		276,502		276,666
Freddie Mac Strips (CMO) 2.608%, 1M LIBOR + 0.450%, 09/15/42 (b)		5,579,280		5,596,176
Freddie Mac Structured Pass-Through Securities (ABS) 2.346%, 1M LIBOR + 0.130%, 08/25/31 (b)		36,225		36,058
Freddie Mac Structured Pass-Through Securities (CMO) 2.913%, 12M MTA + 1.200%, 02/25/45 (b)		607,936		607,093
3.045%, 12M MTA + 1.200%, 10/25/44 (b)		2,007,553		1,998,595
Government National Mortgage Association (CMO) 2.910%, 1M LIBOR + 0.830%, 08/20/66 (b)		272,890		277,412
3.247%, 12M LIBOR + 0.750%, 04/20/67 (b)		3,348,385		3,439,064
				461,583,110
U.S. Treasury—100.3%
U.S. Treasury Bond 3.000%, 02/15/48 (c)		220,000		211,630
U.S. Treasury Inflation Indexed Bonds 0.625%, 02/15/43 (c) (d) (e) (f)		7,859,037		7,141,081
0.750%, 02/15/42 (d)		32,589,358		30,585,197
0.750%, 02/15/45 (d)		24,613,910		22,875,553
0.875%, 02/15/47 (d)		63,540,190		60,744,587
1.000%, 02/15/46 (d)		68,378,844		67,475,139
1.000%, 02/15/48 (d)		43,081,145		42,522,437
1.375%, 02/15/44 (d)		74,987,462		80,332,271
1.750%, 01/15/28 (d)		120,975,251		129,530,155
2.000%, 01/15/26 (d)		42,074,479		45,270,530
2.125%, 02/15/40 (d)		40,178,292		48,538,307
2.125%, 02/15/41 (d)		12,393,685		15,074,465
2.375%, 01/15/25 (d)		233,186,190		254,108,524
2.375%, 01/15/27 (d)		25,042,585		27,907,536
2.500%, 01/15/29 (d)		138,791,711		159,529,144
3.375%, 04/15/32 (d)		13,371,206		17,366,898
3.625%, 04/15/28 (d)		48,160,562		59,773,653
3.875%, 04/15/29 (d)		61,526,080		79,214,027

Security Description	Principal Amount*		Value
U.S. Treasury—(Continued)
U.S. Treasury Inflation Indexed Notes 0.125%, 04/15/19 (d)		59,652,574	$	59,280,522
0.125%, 04/15/20 (d)		121,391,447		119,817,152
0.125%, 04/15/21 (d)		250,946,872		245,815,204
0.125%, 01/15/22 (c) (d) (g)		71,848,993		70,082,420
0.125%, 04/15/22 (d)		18,730,893		18,200,917
0.125%, 07/15/22 (d)		50,252,901		49,043,674
0.125%, 01/15/23 (d)		82,984,871		80,350,087
0.125%, 07/15/24 (d)		30,817,549		29,611,939
0.125%, 07/15/26 (d)		26,451,463		24,946,347
0.250%, 01/15/25 (d)		120,793,387		115,930,278
0.375%, 07/15/23 (d)		107,707,035		105,616,344
0.375%, 07/15/25 (d)		27,565,660		26,692,388
0.375%, 01/15/27 (c) (d) (e)		3,839,160		3,666,348
0.500%, 01/15/28 (d)		89,018,408		85,457,671
0.625%, 07/15/21 (c) (d) (e) (f) (g) (h)		10,695,936		10,668,830
0.625%, 04/15/23 (d)		21,183,804		20,912,938
0.625%, 01/15/24 (d)		63,507,432		62,668,635
0.625%, 01/15/26 (d)		125,189,617		122,524,448
1.250%, 07/15/20 (d)		58,516,079		59,189,092
1.375%, 01/15/20 (d)		23,619,516		23,789,589
1.875%, 07/15/19 (d) (g) (h)		16,877,575		17,085,029
				2,499,550,986
Total U.S. Treasury & Government Agencies (Cost $2,994,269,128)				2,961,134,096
Corporate Bonds & Notes—8.1%
Agriculture—0.3%
BAT Capital Corp. 2.909%, 3M LIBOR + 0.590%, 08/14/20 (144A) (b)		4,000,000		4,014,163
BAT International Finance plc 2.750%, 06/15/20 (144A)		100,000		98,954
Imperial Brands Finance plc 2.950%, 07/21/20 (144A)		200,000		198,032
Japan Tobacco, Inc. 2.000%, 04/13/21		1,800,000		1,736,213
				6,047,362
Airlines—0.0%
Delta Air Lines, Inc. 2.600%, 12/04/20		400,000		391,243
Auto Manufacturers—0.1%
Ford Motor Credit Co. LLC 2.943%, 01/08/19		100,000		100,102
General Motors Co. 3.143%, 3M LIBOR + 0.800%, 08/07/20 (b)		170,000		170,571
General Motors Financial Co., Inc. 2.350%, 10/04/19		200,000		198,708
3.613%, 3M LIBOR + 1.270%, 10/04/19 (b)		100,000		100,762
Volkswagen Group of America Finance LLC 2.125%, 05/23/19 (144A)		1,400,000		1,392,891
2.450%, 11/20/19 (144A)		500,000		495,322
				2,458,356

BHFTI-284

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—3.3%
Banco Bilbao Vizcaya Argentaria S.A. 6.750%, 5Y EUR Swap + 6.604%, 02/18/20 (EUR) (b)		400,000	$	482,923
7.000%, 5Y EUR Swap + 6.155%, 02/19/19 (EUR) (b)		800,000		945,875
Bank of America Corp. 5.875%, 3M LIBOR + 2.931%, 03/15/28 (b)		1,570,000		1,556,262
Barclays plc 6.500%, 5Y EUR Swap + 5.875%, 09/15/19 (EUR) (b)		400,000		478,353
7.000%, 5Y GBP Swap + 5.084%, 09/15/19 (GBP) (b)		300,000		394,441
BBVA Bancomer S.A. 6.500%, 03/10/21 (144A)		4,800,000		5,013,600
Cooperatieve Rabobank UA 5.500%, 5Y EUR Swap + 5.250%, 06/29/20 (EUR) (b)		1,600,000		1,955,395
6.625%, 5Y EUR Swap + 6.697%, 06/29/21 (EUR) (b)		1,600,000		2,060,967
Credit Suisse Group Funding Guernsey, Ltd. 3.800%, 09/15/22		6,600,000		6,562,884
Deutsche Bank AG 4.250%, 10/14/21		11,700,000		11,646,192
Goldman Sachs Group, Inc. (The) 3.534%, 3M LIBOR + 1.200%, 09/15/20 (b)		10,000,000		10,157,133
ING Bank NV 2.625%, 12/05/22 (144A)		3,300,000		3,205,330
JPMorgan Chase & Co. 5.809%, 3M LIBOR + 3.470%, 10/30/18 (b)		900,000		903,825
Lloyds Banking Group plc 3.153%, 3M LIBOR + 0.800%, 06/21/21 (b)		3,400,000		3,409,578
6.375%, 5Y EUR Swap + 5.290%, 06/27/20 (EUR) (b)		900,000		1,105,030
7.000%, 5Y GBP Swap + 5.060%, 06/27/19 (GBP) (b)		200,000		264,646
Macquarie Bank, Ltd. 2.687%, 3M LIBOR + 0.350%, 04/04/19 (144A) (b)		5,300,000		5,303,433
Mitsubishi UFJ Financial Group, Inc. 4.201%, 3M LIBOR + 1.880%, 03/01/21 (b)		1,686,000		1,740,951
Nykredit Realkredit A/S 2.500%, 10/01/47 (DKK)		49,376		8,012
Realkredit Danmark A/S 2.500%, 07/01/47 (DKK)		83,760		13,592
Royal Bank of Scotland Group plc 3.923%, 3M LIBOR + 1.550%, 06/25/24 (b)		2,600,000		2,616,606
4.519%, 3M LIBOR + 1.550%, 06/25/24 (b)		1,700,000		1,694,924
7.500%, 5Y USD Swap + 5.800%, 08/10/20 (b)		600,000		614,250
8.625%, 5Y USD Swap + 7.598%, 08/15/21 (b)		840,000		899,850
State Bank of India 3.287%, 3M LIBOR + 0.950%, 04/06/20 (b)		5,500,000		5,513,189
UBS AG 2.637%, 3M LIBOR + 0.320%, 12/07/18 (144A) (b)		6,800,000		6,801,931
2.907%, 3M LIBOR + 0.580%, 06/08/20 (144A) (b)		7,100,000		7,128,457
				82,477,629
Chemicals—0.1%
Syngenta Finance NV 3.933%, 04/23/21 (144A)		1,300,000		1,296,344
Commercial Services—0.0%
ERAC USA Finance LLC 2.800%, 11/01/18 (144A)		100,000		100,015
5.250%, 10/01/20 (144A)		100,000		103,257
				203,272

Security Description	Principal Amount*		Value
Computers—0.0%
Dell International LLC / EMC Corp. 3.480%, 06/01/19 (144A)		300,000	$	300,763
Diversified Financial Services—0.3%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust 3.750%, 05/15/19		1,100,000		1,104,350
4.625%, 10/30/20		400,000		407,612
Air Lease Corp. 4.750%, 03/01/20		100,000		101,682
Ally Financial, Inc. 3.750%, 11/18/19		200,000		199,250
BRFkredit A/S 2.500%, 10/01/47 (DKK)		41,860		6,795
International Lease Finance Corp. 5.875%, 04/01/19		300,000		304,144
6.250%, 05/15/19		800,000		815,572
8.250%, 12/15/20		900,000		983,452
LeasePlan Corp. NV 2.875%, 01/22/19 (144A)		100,000		99,924
National Rural Utilities Cooperative Finance Corp. 2.771%, 3M LIBOR + 0.375%, 06/30/21 (b)		1,300,000		1,302,715
Navient Corp. 4.875%, 06/17/19		500,000		503,500
5.500%, 01/15/19		1,400,000		1,407,000
Nordea Kredit Realkreditaktieselskab 2.500%, 10/01/47 (DKK)		8,092		1,314
Springleaf Finance Corp. 8.250%, 12/15/20		100,000		108,875
				7,346,185
Electric—1.1%
Consolidated Edison, Inc. 2.773%, 3M LIBOR + 0.400%, 06/25/21 (b)		900,000		904,770
Dominion Energy, Inc. 2.914%, 3M LIBOR + 0.600%, 05/15/20 (144A) (b)		5,800,000		5,802,435
Duke Energy Corp. 2.819%, 3M LIBOR + 0.500%, 05/14/21 (144A) (b) (i)		7,400,000		7,419,395
Iberdrola Finance Ireland, Ltd. 5.000%, 09/11/19 (144A)		100,000		101,716
NextEra Energy Capital Holdings, Inc. 2.636%, 3M LIBOR + 0.315%, 09/03/19 (b)		4,530,000		4,537,701
2.711%, 3M LIBOR + 0.400%, 08/21/20 (b)		4,500,000		4,503,093
Sempra Energy 2.784%, 3M LIBOR + 0.450%, 03/15/21 (b)		1,700,000		1,698,325
Southern Power Co. 2.888%, 3M LIBOR + 0.550%, 12/20/20 (144A) (b)		2,200,000		2,200,472
				27,167,907
Gas—0.1%
Dominion Energy, Inc. 2.934%, 3M LIBOR + 0.600%, 06/15/21 (b)		3,500,000		3,498,169

BHFTI-285

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Home Builders—0.0%
DR Horton, Inc. 3.750%, 03/01/19		100,000	$	100,125
Machinery-Diversified—0.4%
John Deere Capital Corp. 2.656%, 3M LIBOR + 0.290%, 06/22/20 (b)		8,800,000		8,816,569
Media—0.1%
Discovery Communications LLC 2.800%, 06/15/20 (144A)		1,335,000		1,321,392
Sky plc 2.625%, 09/16/19 (144A)		100,000		99,517
Time Warner Cable LLC 5.000%, 02/01/20		200,000		203,950
8.250%, 04/01/19		100,000		102,557
				1,727,416
Miscellaneous Manufacturing—0.2%
Textron, Inc. 2.891%, 3M LIBOR + 0.550%, 11/10/20 (b)		4,620,000		4,615,718
Oil & Gas—0.5%
Gazprom OAO Via Gaz Capital S.A. 3.375%, 11/30/18 (CHF)		150,000		153,470
4.625%, 10/15/18 (EUR) (j)		980,000		1,139,277
Petrobras Global Finance B.V. 4.375%, 05/20/23		300,000		284,940
5.299%, 01/27/25		5,418,000		5,060,412
5.999%, 01/27/28		3,168,000		2,922,480
6.125%, 01/17/22		1,697,000		1,751,898
6.250%, 03/17/24		500,000		501,000
6.250%, 12/14/26 (GBP)		400,000		525,066
8.375%, 12/10/18		900,000		907,875
				13,246,418
Pharmaceuticals—0.0%
Teva Pharmaceutical Finance IV LLC 2.250%, 03/18/20		100,000		97,035
Pipelines—0.5%
Enable Midstream Partners L.P. 2.400%, 05/15/19		100,000		99,582
Enbridge, Inc. 2.731%, 3M LIBOR + 0.400%, 01/10/20 (b)		4,700,000		4,699,668
3.034%, 3M LIBOR + 0.700%, 06/15/20 (b)		5,600,000		5,620,438
Kinder Morgan Energy Partners L.P. 9.000%, 02/01/19		100,000		101,950
Plains All American Pipeline L.P. / PAA Finance Corp. 2.600%, 12/15/19		100,000		99,218
Regency Energy Partners L.P. / Regency Energy Finance Corp. 5.750%, 09/01/20		100,000		103,416
Sabine Pass Liquefaction LLC 5.625%, 02/01/21		1,600,000		1,664,151

Security Description	Principal Amount*		Value
Pipelines—(Continued)
Spectra Energy Partners L.P. 3.016%, 3M LIBOR + 0.700%, 06/05/20 (b)		200,000	$	200,898
TransCanada PipeLines, Ltd. 3.800%, 10/01/20		600,000		605,966
				13,195,287
Real Estate—0.0%
Akelius Residential Property AB 3.375%, 09/23/20 (EUR)		100,000		122,997
Real Estate Investment Trusts—0.3%
American Tower Corp. 2.800%, 06/01/20		300,000		297,170
Unibail-Rodamco SE 3.109%, 3M LIBOR + 0.770%, 04/16/19 (b)		5,800,000		5,813,502
				6,110,672
Retail—0.3%
McDonald’s Corp. 2.769%, 3M LIBOR + 0.430%, 10/28/21 (b)		7,000,000		7,018,003
Savings & Loans—0.0%
Nationwide Building Society 6.875%, 5Y GBP Swap + 4.880%, 06/20/19 (GBP) (b)		500,000		664,124
Software—0.0%
VMware, Inc. 3.900%, 08/21/27		300,000		283,649
Telecommunications—0.5%
AT&T, Inc. 2.989%, 3M LIBOR + 0.650%, 01/15/20 (b)		734,000		737,303
3.071%, 3M LIBOR + 0.750%, 06/01/21 (b)		3,600,000		3,632,292
3.289%, 3M LIBOR + 0.950%, 07/15/21 (b)		5,600,000		5,666,377
5.000%, 03/01/21		100,000		103,498
5.150%, 02/15/50 (144A)		1,900,000		1,795,365
5.300%, 08/15/58 (144A)		700,000		667,027
Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC 3.360%, 09/20/21 (144A)		75,000		74,719
Telefonica Emisiones S.A.U. 5.877%, 07/15/19		400,000		408,810
				13,085,391
Transportation—0.0%
AP Moeller - Maersk A/S 2.550%, 09/22/19 (144A)		100,000		99,154
Ryder System, Inc. 2.450%, 09/03/19		100,000		99,554
				198,708
Total Corporate Bonds & Notes (Cost $195,910,843)				200,469,342

BHFTI-286

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Foreign Government—5.8%

Security Description	Principal Amount*		Value
Sovereign—5.8%
Argentina Bocon 30.131%, BADLAR + 0.000%, 10/04/22 (ARS) (b)		300,000	$	12,755
Argentina Bonar Bonds 37.717%, BADLAR + 2.000%, 04/03/22 (ARS) (b)		13,576,000		314,668
Argentina POM Politica Monetaria 43.077%, ARLLMON + 0.000%, 06/21/20 (ARS) (b)		134,215,000		3,868,817
Argentine Republic Government International Bonds 5.875%, 01/11/28		2,330,000		1,845,360
6.875%, 01/26/27		5,760,000		4,896,000
Australia Government Bonds 1.250%, 02/21/22 (AUD) (d)		8,500,000		7,145,119
3.000%, 09/20/25 (AUD) (d)		11,150,000		11,324,390
Brazil Letras do Tesouro Nacional 6.068%, 01/01/19 (BRL)		214,661,000		52,312,267
Canadian Government Real Return Bond 4.250%, 12/01/26 (CAD) (d)		7,338,720		7,318,493
Cyprus Government International Bonds 2.750%, 06/27/24 (EUR)		390,000		491,568
3.750%, 07/26/23 (EUR)		1,080,000		1,416,570
3.875%, 05/06/22 (EUR)		940,000		1,214,745
4.250%, 11/04/25 (EUR)		870,000		1,186,783
Italy Buoni Poliennali Del Tesoro 2.350%, 09/15/19 (EUR) (d)		5,713,300		6,844,306
2.350%, 09/15/24 (144A) (EUR) (d)		6,307,027		7,691,171
Japanese Government CPI Linked Bond 0.100%, 03/10/24 (JPY) (d)		175,950,000		1,598,138
Mexican Bonos 7.750%, 05/29/31 (MXN)		97,900,000		5,118,641
New Zealand Government Bonds 2.500%, 09/20/35 (NZD) (d)		1,565,250		1,217,111
3.000%, 09/20/30 (NZD) (d)		11,600,000		9,570,573
Qatar Government International Bonds 3.875%, 04/23/23 (144A)		2,500,000		2,517,500
5.103%, 04/23/48 (144A)		1,900,000		1,976,000
United Kingdom Gilt Inflation Linked Bonds 0.125%, 08/10/48 (GBP) (d)		891,846		1,860,821
0.125%, 03/22/44 (GBP) (d)		40,670		79,662
0.125%, 03/22/46 (GBP) (d)		655,632		1,317,384
0.125%, 11/22/56 (GBP) (d)		915,639		2,176,434
0.125%, 11/22/65 (GBP) (d)		973,467		2,700,384
1.875%, 11/22/22 (GBP) (d)		2,506,588		3,841,735
United Kingdom Gilt 4.250%, 12/07/27 (GBP)		2,000,000		3,235,092
Total Foreign Government (Cost $161,495,419)				145,092,487
Asset-Backed Securities—6.1%
Asset-Backed - Home Equity—0.5%
Bear Stearns Asset-Backed Securities Trust 2.716%, 1M LIBOR + 0.500%, 12/25/35 (b)		362,587		361,997
Citigroup Mortgage Loan Trust, Inc. 2.361%, 1M LIBOR + 0.145%, 09/25/36 (144A) (b)		2,334,105		2,246,784
2.676%, 1M LIBOR + 0.460%, 10/25/35 (b)		3,700,000		3,425,970

Security Description	Principal Amount*		Value
Asset-Backed - Home Equity—(Continued)
First NLC Trust 2.286%, 1M LIBOR + 0.070%, 08/25/37 (144A) (b)		1,099,185	$	670,105
Home Equity Asset Trust 3.071%, 1M LIBOR + 0.855%, 08/25/34 (b)		784,646		778,887
HSI Asset Securitization Corp. Trust 2.266%, 1M LIBOR + 0.050%, 10/25/36 (b)		5,985		3,019
Master Asset-Backed Securities Trust 2.716%, 1M LIBOR + 0.500%, 10/25/35 (b)		157,842		147,272
Morgan Stanley ABS Capital, Inc. Trust 2.876%, 1M LIBOR + 0.660%, 01/25/35 (b)		736,006		725,069
Nomura Home Equity Loan, Inc 2.506%, 1M LIBOR + 0.290%, 03/25/36 (b)		3,000,000		2,922,056
NovaStar Mortgage Funding Trust 2.921%, 1M LIBOR + 0.705%, 01/25/36 (b)		2,000,000		1,984,974
Soundview Home Loan Trust 2.276%, 1M LIBOR + 0.060%, 11/25/36 (144A) (b)		49,398		21,927
				13,288,060
Asset-Backed - Other—4.6%
Adagio CLO 0.660%, 3M EURIBOR + 0.660%, 10/15/29 (EUR) (b)		300,000		346,402
1.100%, 10/15/29 (EUR)		250,000		288,514
Amortizing Residential Collateral Trust 3.341%, 1M LIBOR + 1.125%, 08/25/32 (b)		722,722		706,856
AtriumI 3.177%, 3M LIBOR + 0.830%, 04/22/27 (144A) (b)		2,500,000		2,490,472
Avery Point CLO, Ltd. 3.435%, 3M LIBOR + 1.100%, 04/25/26 (144A) (b)		7,005,284		7,002,622
Babson Euro CLO B.V. 0.499%, 3M EURIBOR + 0.820%, 10/25/29 (EUR) (b)		700,000		812,297
Benefit Street Partners CLO, Ltd. 3.113%, 3M LIBOR + 0.780%, 07/18/27 (144A) (b)		1,300,000		1,295,362
Black Diamond CLO, Ltd. 0.650%, 3M EURIBOR + 0.650%, 10/03/29 (EUR) (b)		2,120,000		2,440,881
3.386%, 3M LIBOR + 1.050%, 10/03/29 (b)		1,370,000		1,360,321
Carlyle Global Market Strategies Euro CLO, Ltd. 0.730%, 3M EURIBOR + 0.730%, 09/21/29 (EUR) (b)		300,000		346,679
Catamaran CLO, Ltd. 3.187%, 3M LIBOR + 0.850%, 01/27/28 (144A) (b)		4,020,000		4,007,361
CIFC Funding, Ltd. 3.119%, 3M LIBOR + 0.780%, 04/15/27 (144A) (b)		5,860,000		5,838,013
CIT Mortgage Loan Trust 3.566%, 1M LIBOR + 1.350%, 10/25/37 (144A) (b)		4,462,764		4,503,355
CoreVest American Finance Trust 2.968%, 10/15/49 (144A)		1,033,446		1,008,370
Credit-Based Asset Servicing and Securitization LLC 2.336%, 1M LIBOR + 0.120%, 07/25/37 (144A) (b)		109,159		73,830
CSAB Mortgage-Backed Trust 5.720%, 09/25/36 (o)		571,335		322,627
CVP Cascade CLO-1, Ltd. 3.489%, 3M LIBOR + 1.150%, 01/16/26 (144A) (b)		908,720		908,257
CWABS Asset-Backed Certificates Trust 2.746%, 1M LIBOR + 0.530%, 02/25/36 (b)		4,900,000		4,865,537
Equity One Mortgage Pass-Through Trust 2.816%, 1M LIBOR + 0.600%, 04/25/34 (b)		103,720		94,439

BHFTI-287

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed - Other—(Continued)
First Franklin Mortgage Loan Trust 2.526%, 1M LIBOR + 0.310%, 07/25/36 (b)		3,300,000	$	3,157,407
Flagship, Ltd. 3.468%, 3M LIBOR + 1.120%, 01/20/26 (144A) (b)		3,437,876		3,436,054
GSAMP Trust 2.951%, 1M LIBOR + 0.735%, 09/25/35 (b)		281,860		279,341
Halcyon Loan Advisors Funding, Ltd. 3.268%, 3M LIBOR + 0.920%, 04/20/27 (144A) (b)		2,300,000		2,298,976
HSI Asset Securitization Corp. Trust 2.376%, 1M LIBOR + 0.160%, 05/25/37 (b)		422,330		415,316
Jamestown CLO, Ltd. 3.029%, 3M LIBOR + 0.690%, 07/15/26 (144A) (b)		4,030,843		4,028,799
3.556%, 3M LIBOR + 1.220%, 01/17/27 (144A) (b)		6,534,375		6,531,036
Jubilee CLO B.V. 0.519%, 3M EURIBOR + 0.840%, 07/12/28 (EUR) (b)		1,300,000		1,504,499
KVK CLO, Ltd. 3.239%, 3M LIBOR + 0.900%, 01/15/28 (144A) (b)		2,390,000		2,388,580
Long Beach Mortgage Loan Trust 2.676%, 1M LIBOR + 0.460%, 01/25/46 (b)		53,755		53,765
2.951%, 1M LIBOR + 0.735%, 08/25/35 (b)		641,201		643,005
Morgan Stanley ABS Capital, Inc. Trust 3.191%, 1M LIBOR + 0.975%, 07/25/34 (b)		78,969		78,133
Morgan Stanley IXIS Real Estate Capital Trust 2.266%, 1M LIBOR + 0.050%, 11/25/36 (b)		658		330
OCP CLO, Ltd. 3.139%, 3M LIBOR + 0.800%, 07/15/27 (144A) (b)		3,100,000		3,089,041
3.155%, 3M LIBOR + 0.820%, 10/26/27 (144A) (b)		250,000		249,867
3.186%, 3M LIBOR + 0.850%, 04/17/27 (144A) (b)		1,700,000		1,695,492
OHA Credit Partners, Ltd. 3.358%, 3M LIBOR + 1.010%, 10/20/25 (144A) (b)		3,837,045		3,836,171
Park Place Securities, Inc. Asset-Backed Pass-Through Certificates 2.706%, 1M LIBOR + 0.490%, 09/25/35 (b)		200,000		199,702
2.906%, 1M LIBOR + 0.690%, 05/25/35 (b)		345,658		346,335
3.266%, 1M LIBOR + 1.050%, 10/25/34 (b)		4,000,000		4,060,195
Penta CLO B.V. 0.790%, 3M EURIBOR + 0.790%, 08/04/28 (EUR) (b)		1,300,000		1,504,146
RAAC Trust 2.556%, 1M LIBOR + 0.340%, 08/25/36 (b)		764,000		762,789
Small Business Administration Participation Certificates 5.510%, 11/01/27		1,192,964		1,249,410
Sound Point CLO, Ltd. 3.199%, 3M LIBOR + 0.860%, 04/15/27 (144A) (b)		4,000,000		4,016,908
3.228%, 3M LIBOR + 0.880%, 07/20/27 (144A) (b)		1,200,000		1,197,362
Structured Asset Securities Corp. Mortgage Loan Trust 3.604%, 1M LIBOR + 1.500%, 04/25/35 (b)		197,390		193,181
THL Credit Wind River CLO, Ltd. 3.209%, 3M LIBOR + 0.870%, 10/15/27 (144A) (b)		400,000		399,797
Tralee CLO, Ltd. 3.378%, 3M LIBOR + 1.030%, 10/20/27 (144A) (b)		3,200,000		3,198,269
U.S. Residential Opportunity Fund Trust 3.352%, 11/27/37 (144A) (o)		755,744		749,176
Venture CLO, Ltd. 3.159%, 3M LIBOR + 0.820%, 04/15/27 (144A) (b)		7,240,000		7,236,322
3.219%, 3M LIBOR + 0.880%, 07/15/27 (144A) (b)		2,700,000		2,693,099

Security Description	Principal Amount*		Value
Asset-Backed - Other—(Continued)
Vericrest Opportunity Loan Trust LLC 3.125%, 09/25/47 (144A) (o)		2,926,202	$	2,891,254
3.250%, 06/25/47 (144A) (o)		89,416		88,822
Voya CLO, Ltd. 3.055%, 3M LIBOR + 0.720%, 07/25/26 (144A) (b)		5,800,000		5,795,807
Z Capital Credit Partners CLO, Ltd. 3.289%, 3M LIBOR + 0.950%, 07/16/27 (144A) (b)		4,710,000		4,695,997
				113,676,578
Asset-Backed - Student Loan—1.0%
College Loan Corp. Trust 2.585%, 3M LIBOR + 0.250%, 01/25/24 (b)		900,000		890,893
Navient Student Loan Trust 3.366%, 1M LIBOR + 1.150%, 03/25/66 (144A) (b)		3,638,611		3,698,132
SLM Private Education Loan Trust 1.850%, 06/17/30 (144A)		1,325,080		1,317,244
4.408%, 1M LIBOR + 2.250%, 06/16/42 (144A) (b)		1,480,000		1,516,751
SLM Student Loan Trust Zero Coupon, 3M EURIBOR + 0.260%, 12/15/23 (EUR) (b)		479,060		555,883
Zero Coupon, 3M EURIBOR + 0.270%, 06/17/24 (EUR) (b)		954,157		1,102,794
2.885%, 3M LIBOR + 0.550%, 10/25/64 (144A) (b)		3,700,000		3,697,797
3.835%, 3M LIBOR + 1.500%, 04/25/23 (b)		7,257,439		7,410,552
SoFi Professional Loan Program LLC 2.050%, 01/25/41 (144A)		3,815,316		3,778,821
South Carolina Student Loan Corp. 2.461%, 3M LIBOR + 0.140% 12/01/23 (b)		193,008		193,003
				24,161,870
Total Asset-Backed Securities (Cost $148,521,857)				151,126,508
Mortgage-Backed Securities—1.9%
Collateralized Mortgage Obligations—1.6%
Alternative Loan Trust 2.336%, 1M LIBOR + 0.120%, 06/25/36 (b)		1,346,726		1,253,579
6.000%, 03/25/37		5,127,122		3,755,087
Banc of America Funding Trust 2.385%, 1M LIBOR + 0.220%, 07/20/36 (b)		67,726		67,426
3.835%, 06/29/37 (144A) (b) (i)		754,716		679,245
4.026%, 02/20/36 (b)		540,380		537,258
Banc of America Mortgage Trust 3.941%, 11/25/34 (b)		32,293		33,350
4.373%, 09/25/35 (b)		69,166		67,052
4.396%, 06/25/35 (b)		127,148		120,051
Bear Stearns Adjustable Rate Mortgage Trust 3.767%, 03/25/35 (b)		258,632		252,410
Bear Stearns ALT-A Trust 2.376%, 1M LIBOR + 0.160%, 02/25/34 (b)		149,379		149,318
4.187%, 09/25/35 (b)		883,649		719,169
Chase Mortgage Finance Trust 4.105%, 02/25/37 (b)		52,039		52,478

BHFTI-288

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Mortgage-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Collateralized Mortgage Obligations—(Continued)
Citigroup Mortgage Loan Trust 2.265%, 1M LIBOR + 0.200%, 06/25/47 (144A) (b)		1,341,754	$	1,340,769
3.628%, 08/25/35 (b)		40,489		40,571
4.490%, 1Y CMT + 2.400%, 05/25/35 (b)		22,667		22,794
Countrywide Alternative Loan Trust 2.345%, 1M LIBOR + 0.180%, 02/20/47 (b)		845,681		700,437
2.396%, 1M LIBOR + 0.180%, 05/25/47 (b)		246,695		240,948
2.496%, 1M LIBOR + 0.280%, 12/25/35 (b)		25,017		24,213
5.500%, 06/25/25		464,829		465,951
Countrywide Home Loan Mortgage Pass-Through Trust 2.796%, 1M LIBOR + 0.580%, 04/25/35 (b)		576,192		560,191
3.816%, 11/20/34 (b)		124,010		125,515
3.912%, 08/25/34 (b)		96,631		91,404
4.529%, 11/19/33 (b)		12,392		12,537
Countrywide Home Reperforming Loan REMIC Trust 2.556%, 1M LIBOR + 0.340%, 06/25/35 (144A) (b)		74,568		71,923
Credit Suisse Mortgage Capital Certificates 2.215%, 1M LIBOR + 0.150%, 09/29/36 (144A) (b)		2,576,000		2,413,587
2.565%, 1M LIBOR + 0.500%, 11/30/37 (144A) (b)		2,600,000		2,277,571
9.510%, 10/26/36 (144A) (b)		119,293		107,493
Deutsche ALT-B Securities Mortgage Loan Trust 2.316%, 1M LIBOR + 0.100%, 10/25/36 (b)		21,288		16,518
5.869%, 10/25/36 (o)		375,044		353,535
5.886%, 10/25/36 (o)		375,043		353,530
Eurosail-UK plc 1.750%, 3M GBP LIBOR + 0.950%, 06/13/45 (GBP) (b)		2,331,263		3,025,083
First Horizon Alternative Mortgage Securities Trust 4.105%, 06/25/34 (b)		152,413		151,653
GreenPoint Mortgage Funding Trust 2.756%, 1M LIBOR + 0.540%, 11/25/45 (b)		146,109		128,808
GreenPoint MTA Trust 2.656%, 1M LIBOR + 0.440%, 06/25/45 (b)		273,820		263,942
GSR Mortgage Loan Trust 3.648%, 01/25/35 (b)		119,068		118,959
3.847%, 05/25/35 (b)		355,800		345,468
3.902%, 09/25/35 (b)		186,180		189,764
4.222%, 11/25/35 (b)		416,380		386,562
4.405%, 12/25/34 (b)		782,256		788,653
HarborView Mortgage Loan Trust 2.608%, 1M LIBOR + 0.440%, 05/19/35 (b)		69,733		67,811
2.728%, 1M LIBOR + 0.560%, 02/19/36 (b)		142,277		121,762
2.765%, 1M LIBOR + 0.600%, 06/20/35 (b)		364,759		361,962
IndyMac INDA Mortgage Loan Trust 4.295%, 11/25/35 (b)		224,152		220,350
JPMorgan Mortgage Trust 3.486%, 07/27/37 (144A) (b)		656,197		647,507
3.815%, 06/25/35 (b)		483,950		480,506
4.112%, 07/25/35 (b)		137,059		140,209
4.219%, 02/25/35 (b)		225,202		224,329
4.381%, 08/25/35 (b)		281,998		275,453
4.410%, 07/25/35 (b)		129,610		131,912
4.515%, 09/25/35 (b)		62,052		61,556
4.608%, 08/25/35 (b)		215,231		216,746
Lehman XS Trust 2.756%, 1M LIBOR + 0.540%, 12/25/35 (b)		138,952		139,149
Collateralized Mortgage Obligations—(Continued)
MASTR Adjustable Rate Mortgages Trust 3.656%, 12/25/33 (b)		86,946		84,519
4.416%, 11/21/34 (b)		125,248		128,508
Mellon Residential Funding Corp. Mortgage Pass-Through Trust 2.598%, 1M LIBOR + 0.440%, 12/15/30 (b)		26,321		25,496
2.858%, 1M LIBOR + 0.700%, 11/15/31 (b)		156,387		156,377
Merrill Lynch Mortgage Investors Trust 2.466%, 1M LIBOR + 0.250%, 11/25/35 (b)		24,640		23,895
4.220%, 12/25/35 (b)		160,895		149,198
National Credit Union Administration Guaranteed Notes 2.530%, 1M LIBOR + 0.450%, 10/07/20 (b)		1,201,622		1,205,337
2.681%, 1M LIBOR + 0.560%, 12/08/20 (b)		2,958,256		2,972,851
Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates 3.266%, 1M LIBOR + 1.050%, 04/25/35 (b)		2,000,000		1,893,765
Residential Accredit Loans, Inc. 2.516%, 1M LIBOR + 0.300%, 08/25/35 (b)		110,221		98,428
3.205%, 12M MTA + 1.360%, 09/25/45 (b)		113,387		109,288
Residential Asset Securitization Trust 6.500%, 09/25/36		356,196		254,375
Sequoia Mortgage Trust 2.365%, 1M LIBOR + 0.200%, 07/20/36 (b)		778,879		743,311
2.868%, 1M LIBOR + 0.700%, 10/19/26 (b)		36,532		36,732
Structured Adjustable Rate Mortgage Loan Trust 3.245%, 12M MTA + 1.400%, 01/25/35 (b)		87,679		83,201
4.163%, 12/25/34 (b)		36,144		35,714
4.231%, 02/25/34 (b)		101,915		102,617
Structured Asset Mortgage Investments II Trust 2.406%, 1M LIBOR + 0.190%, 06/25/36 (b)		75,783		75,257
2.418%, 1M LIBOR + 0.250%, 07/19/35 (b)		135,721		132,407
2.426%, 1M LIBOR + 0.210%, 05/25/36 (b)		36,400		33,380
2.828%, 1M LIBOR + 0.660%, 10/19/34 (b)		68,650		67,779
Swan Trust 3.160%, 1M BBSW + 1.300%, 04/25/41 (AUD) (b)		107,850		78,645
TBW Mortgage-Backed Trust 6.015%, 07/25/37 (o)		231,023		163,494
WaMu Mortgage Pass-Through Certificates Trust 2.518%, COFI + 1.500%, 07/25/46 (b)		521,694		513,101
2.518%, COFI + 1.500%, 11/25/46 (b)		176,573		174,906
2.557%, 12M MTA + 0.810%, 12/25/46 (b)		78,285		77,901
2.615%, 12M MTA + 0.770%, 05/25/47 (b)		343,682		324,743
2.845%, 12M MTA + 1.000%, 02/25/46 (b)		131,048		130,981
2.845%, 12M MTA + 1.000%, 08/25/46 (b)		5,000,920		4,712,309
3.045%, 12M MTA + 1.200%, 11/25/42 (b)		17,503		16,840
3.707%, 12/25/35 (b)		113,526		110,036
4.045%, 08/25/35 (b)		67,571		63,553
Wells Fargo Mortgage-Backed Securities Trust 3.837%, 03/25/36 (b)		62,895		60,853
3.937%, 11/25/34 (b)		85,758		86,769
4.211%, 04/25/36 (b)		162,169		150,799
4.392%, 04/25/36 (b)		317,358		322,635
4.427%, 09/25/34 (b)		146,597		150,277
				40,944,331

BHFTI-289

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Mortgage-Backed Securities—(Continued)

Security Description	Shares/ Principal Amount*		Value
Commercial Mortgage-Backed Securities—0.3%
GS Mortgage Securities Trust 4.592%, 08/10/43 (144A)		25,000	$	25,490
Vornado DP LLC Trust 4.004%, 09/13/28 (144A)		7,000,000		7,119,142
				7,144,632
Total Mortgage-Backed Securities (Cost $44,912,469)				48,088,963
Convertible Preferred Stock—0.1%
Banks—0.1%
Wells Fargo & Co., Series L 7.500%, 12/31/49 (Cost $900,000)		900		1,161,792
Municipals—0.0%
Tobacco Settlement Finance Authority 7.467%, 06/01/47 (Cost $670,959)		700,000		699,419
Floating Rate Loan (k)—0.0%
Hotels, Restaurants & Leisure—0.0%
Las Vegas Sands LLC Term Loan B, 3.992%, 1M LIBOR + 1.750%, 03/27/25 (Cost $98,474)		98,246		98,280
Short-Term Investments—20.7%
Commercial Paper—2.0%
Bank of Montreal Zero Coupon, 10/01/18 (CAD) (l)		3,500,000		2,709,333
1.262%, 10/04/18 (CAD) (l)		1,900,000		1,470,575
1.608%, 10/17/18 (CAD) (l)		1,700,000		1,314,988
Bank of Nova Scotia Zero Coupon, 10/01/18 (CAD) (l)		800,000		619,276
1.511%, 10/09/18 (CAD) (l)		3,300,000		2,553,569
1.534%, 10/10/18 (CAD) (l)		4,200,000		3,249,834
Canadian Imperial Bank of Commerce 1.281%, 10/04/18 (l)		3,800,000		2,941,150
CIMIC Group, Ltd. 3.445%, 02/25/19 (AUD) (j) (l) (m) (n)		3,500,000		2,493,591
3.851%, 04/04/19 (j) (l) (m) (n)		1,000,000		980,597
Enterprise Products Operating LLC 2.370%, 10/19/18 (l)		10,000,000		9,985,743
HSBC Bank Canada 1.309%, 10/04/18 (CAD) (l)		10,100,000		7,817,266
1.553%, 10/09/18 (CAD) (l)		3,300,000		2,553,569
1.629%, 10/15/18 (CAD) (l)		5,500,000		4,254,755
1.644%, 10/19/18 (CAD) (l)		500,000		386,726

Security Description	Principal Amount*		Value
Commercial Paper—(Continued)
Royal Bank of Canada New York 1.541%, 10/10/18 (CAD) (l)		900,000	$	696,393
1.607%, 10/22/18 (CAD) (l)		1,700,000		1,314,685
1.618%, 10/18/18 (CAD) (l)		300,000		232,045
1.625%, 10/25/18 (CAD) (l)		1,300,000		1,005,287
Toronto-Dominion Bank Zero Coupon, 10/01/18 (CAD) (l)		700,000		541,867
1.548%, 10/12/18 (CAD) (l)		1,700,000		1,315,290
1.602%, 10/22/18 (CAD) (l)		1,400,000		1,082,454
1.606%, 10/24/18 (CAD) (l)		800,000		618,477
				50,137,470
Foreign Government—1.8%
Argentina Treasury Bills 2.898%, 10/26/18 (l)		600,000		598,354
2.948%, 11/16/18 (l)		2,212,000		2,200,245
Japan Treasury Bill Zero Coupon, 10/29/18 (JPY) (l)		4,770,000,000		41,986,160
				44,784,759
Repurchase Agreements—16.9%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $5,301,266; collateralized by U.S. Treasury Note at 2.375%, maturing 08/15/24, with a market value of $5,410,569.		5,300,824		5,300,824
JPMorgan Securities LLC Repurchase Agreement dated 09/28/18 at 2.29%, due on 10/02/18 with a maturity value of $360,491,702; collateralized by U.S. Treasury Note at 1.875%, maturing 02/28/22, with a market value of $367,406,593.		360,400,000		360,400,000
Repurchase Agreement dated 09/28/18 at 2.34%, due on 10/01/18 with a maturity value of $55,710,862 collateralized by U.S. Treasury Note at 2.750%, maturing 09/15/21, with a market value of $56,839,690.		55,700,000		55,700,000
				421,400,824
Total Short-Term Investments (Cost $516,882,054)				516,323,053
Total Purchased Options—0.0% (p) (Cost $11,970)				1,400
Total Investments—161.5% (Cost $4,063,673,173)				4,024,195,340
Other assets and liabilities (net)—(61.5)%				(1,532,373,877	)
Net Assets—100.0%			$	2,491,821,463

*	Principal and notional amounts stated in U.S. dollars unless otherwise noted.
(a)	TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date.

BHFTI-290

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

(b)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above.
(c)	All or a portion of the security was pledged as collateral against open swap contracts and open forward foreign currency exchange contracts. As of September 30, 2018, the market value of securities pledged was $3,418,025.
(d)	Principal amount of security is adjusted for inflation.
(e)	All or a portion of the security was pledged as collateral against open secured borrowing transactions. As of September 30, 2018, the value of securities pledged amounted to $6,159,117.
(f)	All or a portion of the security was pledged as collateral against TBA securities. As of September 30, 2018, the value of securities pledged amounted to $1,914,042.
(g)	All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of September 30, 2018, the market value of securities pledged was $10,714,408.
(h)	All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2018, the market value of securities pledged was $4,272,061.
(i)	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, 2018, the market value of restricted securities was $8,098,640, which is 0.3% of net assets. See details shown in the Restricted Securities table that follows.
(j)	Illiquid security. As of September 30, 2018, these securities represent 0.2% of net assets.
(k)	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 have an expected average life of approximately two to four years. The stated interest rate represents the weighted average interest rate of all contracts within the senior loan facility and includes commitment fees on unfunded loan commitments, if any. Senior Loans typically have rates of interest which are determined either daily, monthly, quarterly or semi-annually by reference to a base lending rate, plus a premium. These base rates are primarily the London Interbank Offered Rate (“LIBOR”) and secondarily, the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit (“CD”) rate or other base lending rates used by commercial lenders.
(l)	The rate shown represents current yield to maturity.
(m)	Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2018, these securities represent 0.1% of net assets.
(n)	Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3.
(o)	Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.
(p)	For a breakout of open positions, see details shown in the Purchased Options table that
(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, 2018, the market value of 144A securities was $186,594,400, which is 7.5% of net assets.

Restricted Securities	Acquisition Date		Principal Amount		Cost		Value
Banc of America Funding Trust, 3.835%, 06/29/37		09/28/18	$	754,716	$	654,958	$	679,250
Duke Energy Corp., 2.819%, 05/14/21		05/11/18		7,400,000		7,400,000		7,419,395
							$	8,098,645

TBA Forward Sale Commitments

Security Description	Interest Rate			Maturity		Face Amount			Cost			Value
Fannie Mae 30 Yr. Pool		3.000	%		TBA	$	(52,700,000	)	$	(50,792,165	)	$	(50,401,675	)

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
ARS	48,161,255	BNP		10/09/18		USD	1,189,460	$	(34,103	)
ARS	31,485,124	BNP		10/11/18		USD	806,071		(52,803	)
BRL	7,000,000	BNP		10/02/18		USD	1,874,314		(141,018	)
BRL	90,489,978	BNP		10/02/18		USD	22,600,459		(193,908	)
BRL	6,659,978	DBAG		10/02/18		USD	1,629,552		19,550
BRL	35,000,000	JPMC		10/02/18		USD	9,033,540		(367,063	)
BRL	48,830,000	JPMC		10/02/18		USD	12,449,328		(358,355	)
CAD	22,338,000	CBNA		10/02/18		USD	17,158,000		136,560
COP	18,737,980,250	CBNA		12/17/18		USD	6,026,237		288,796

BHFTI-291

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
EUR	32,247,195	BNP		10/02/18		USD	37,982,030	$	(541,409	)
GBP	1,245,000	BNP		10/02/18		USD	1,638,132		(15,399	)
GBP	955,000	CBNA		10/02/18		USD	1,251,450		(6,702	)
GBP	6,437,000	CBNA		10/02/18		USD	8,489,570		(99,582	)
GBP	19,393,000	JPMC		10/02/18		USD	25,548,053		(271,211	)
GBP	4,925,000	UBSA		10/02/18		USD	6,478,517		(59,271	)
IDR	53,125,795,000	CBNA		12/19/18		USD	3,547,869		(17,861	)
INR	13,157,969	BNP		12/19/18		USD	185,097		(5,305	)
JPY	1,331,628,357	BNP		10/02/18		USD	11,996,198		(276,181	)
JPY	1,331,628,357	JPMC		11/02/18		USD	11,825,712		(79,456	)
MYR	506,797	GSBU		12/19/18		USD	122,652		(352	)
NZD	15,376,000	JPMC		10/02/18		USD	10,216,485		(24,504	)
RUB	327,372,475	UBSA		11/15/18		USD	5,101,246		(126,353	)
Contracts to Deliver
ARS	82,960,571	BNP		10/04/18		USD	2,177,443	$	173,705
AUD	37,916,000	GSBU		10/02/18		USD	27,433,818		26,240
AUD	6,386,000	JPMC		10/02/18		USD	4,596,819		(19,301	)
AUD	44,302,000	CBNA		11/02/18		USD	31,979,399		(50,621	)
AUD	3,500,000	CBNA		02/25/19		USD	2,543,030		9,291
BRL	90,830,000	BNP		10/02/18		USD	26,338,988		3,848,242
BRL	6,659,978	BNP		10/02/18		USD	1,713,817		64,716
BRL	6,659,978	DBAG		10/02/18		USD	1,663,373		14,271
BRL	83,830,000	JPMC		10/02/18		USD	20,937,086		179,636
BRL	6,659,978	DBAG		11/05/18		USD	1,625,257		(19,974	)
BRL	63,387,000	BNP		01/03/19		USD	17,175,256		1,597,882
BRL	21,595,000	BNP		01/03/19		USD	5,660,105		353,128
BRL	43,905,000	CBNA		01/03/19		USD	11,547,566		757,899
BRL	64,867,000	JPMC		01/03/19		USD	17,281,737		1,340,653
BRL	20,907,000	JPMC		01/03/19		USD	5,816,386		678,485
CAD	3,500,000	BNP		10/01/18		USD	2,657,652		(52,061	)
CAD	700,000	GSBU		10/01/18		USD	532,889		(9,053	)
CAD	800,000	JPMC		10/01/18		USD	613,589		(5,774	)
CAD	22,338,000	CBNA		10/02/18		USD	17,289,634		(4,926	)
CAD	1,900,000	BNP		10/04/18		USD	1,444,223		(26,866	)
CAD	6,600,000	GSBU		10/04/18		USD	5,024,719		(85,380	)
CAD	7,300,000	JPMC		10/04/18		USD	5,542,231		(109,849	)
CAD	3,300,000	GSBU		10/09/18		USD	2,508,636		(46,710	)
CAD	3,300,000	SG		10/09/18		USD	2,540,009		(15,337	)
CAD	4,200,000	SG		10/10/18		USD	3,233,135		(19,194	)
CAD	900,000	UBSA		10/10/18		USD	684,203		(12,725	)
CAD	1,700,000	GSBU		10/12/18		USD	1,306,627		(9,849	)
CAD	5,500,000	GSBU		10/15/18		USD	4,227,392		(32,070	)
CAD	1,700,000	BBP		10/17/18		USD	1,310,064		(6,554	)
CAD	300,000	CBNA		10/18/18		USD	231,193		(1,156	)
CAD	500,000	JPMC		10/19/18		USD	387,574		317
CAD	1,700,000	CBNA		10/22/18		USD	1,317,059		300
CAD	1,400,000	CBNA		10/22/18		USD	1,082,223		(2,168	)
CAD	800,000	JPMC		10/24/18		USD	618,494		(1,185	)
CAD	1,300,000	CBNA		10/25/18		USD	1,005,021		(1,977	)
CAD	22,338,000	CBNA		11/02/18		USD	17,169,170		(137,081	)
CHF	155,000	CBNA		11/15/18		USD	157,702		(856	)
CNH	41,937,191	JPMC		12/19/18		USD	6,151,061		74,912
EUR	32,247,195	CBNA		10/02/18		USD	37,697,939		257,317
EUR	32,247,195	BNP		11/02/18		USD	38,073,999		542,763
GBP	31,710,000	SG		10/02/18		USD	40,866,580		(464,244	)

BHFTI-292

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
GBP	19,393,000	JPMC		11/02/18		USD	25,582,819	$	271,263
JPY	1,331,628,357	JPMC		10/02/18		USD	11,799,076		79,059
JPY	1,360,000,000	BNP		10/29/18		USD	12,317,446		324,372
JPY	1,390,000,000	BBP		10/29/18		USD	12,595,143		337,516
JPY	170,000,000	JPMC		10/29/18		USD	1,541,111		41,977
JPY	1,850,000,000	UBSA		10/29/18		USD	16,765,979		451,871
KRW	5,777,330,760	BNP		12/19/18		USD	5,171,722		(46,541	)
MXN	56,674,550	JPMC		10/26/18		USD	3,008,459		(8,683	)
NZD	15,376,000	JPMC		10/02/18		USD	10,223,012		31,031
NZD	15,376,000	JPMC		11/02/18		USD	10,218,073		24,247
SGD	3,443,254	CSI		12/19/18		USD	2,524,750		1,752
TWD	76,589,458	BNP		12/19/18		USD	2,512,118		(10,015	)
Net Unrealized Appreciation								$	8,056,765

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
90 Day Eurodollar Futures		12/17/18		16			USD	3,893,600		$	(14,421	)
90 Day Eurodollar Futures		03/18/19		16			USD	3,886,400			(18,821	)
90 Day Eurodollar Futures		06/17/19		16			USD	3,880,400			(22,421	)
90 Day Eurodollar Futures		09/16/19		16			USD	3,876,800			(24,020	)
90 Day Eurodollar Futures		12/16/19		16			USD	3,874,400			(24,620	)
Euro-Bund Futures		12/06/18		329			EUR	52,241,910			(285,988	)
Put Options on 10 Year Euro-Bund Futures, Strike EUR 150.00		11/23/18		38			EUR	380			(38	)
U.S. Treasury Note 10 Year Futures		12/19/18		654			USD	77,682,938			(855,141	)
U.S. Treasury Note 2 Year Futures		12/31/18		32			USD	6,743,500			(20,030	)
U.S. Treasury Note 5 Year Futures		12/31/18		63			USD	7,086,023			(62,094	)
Futures Contracts—Short
Australian 10 Year Treasury Bond Futures		12/17/18		(57	)		AUD	(7,344,623	)		45,078
Australian 3 Year Treasury Bond Futures		12/17/18		(117	)		AUD	(13,018,164	)		12,848
Call Options on 10 Year Euro-Bund Futures, Strike EUR 161.50		11/23/18		(128	)		EUR	(32,000	)		21,398
Euro-BTP Futures		12/06/18		(139	)		EUR	(17,213,760	)		405,788
Euro-OAT Futures		12/06/18		(587	)		EUR	(88,666,350	)		646,723
Japanese Government 10 Year Bond Futures		12/13/18		(17	)		JPY	(2,551,530,000	)		4,436
Put Options on 10 Year Euro-Bund Futures, Strike EUR 159.50		10/26/18		(69	)		EUR	(81,420	)		(25,542	)
U.S. Treasury Long Bond Futures		12/19/18		(763	)		USD	(107,201,500	)		2,792,083
U.S. Treasury Note Ultra 10 Year Futures		12/19/18		(878	)		USD	(110,628,000	)		1,750,360
U.S. Treasury Ultra Long Bond Futures		12/19/18		(29	)		USD	(4,474,156	)		128,194
United Kingdom Long Gilt Bond Futures		12/27/18		(625	)		GBP	(75,587,500	)		981,465
Net Unrealized Appreciation										$	5,435,237

Purchased Options

Options on Exchange-Traded Futures Contracts	Strike Price			Expiration Date		Number of Contracts		Notional Amount			Premiums Paid		Market Value		Unrealized Depreciation
Call - U.S. Treasury Bond Futures		USD	159.000		11/23/18		586		USD	586,000	$	5,010	$	586	$	(4,424	)
Put - U.S. Treasury Note 2-Year Futures		USD	104.500		11/23/18		30		USD	60,000		257		30		(227	)
Put - U.S. Treasury Note 5-Year Futures		USD	108.250		11/23/18		62		USD	62,000		530		62		(468	)
Put - U.S. Treasury Note 10-Year Futures		USD	110.500		11/23/18		628		USD	628,000		5,369		628		(4,741	)

BHFTI-293

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Purchased Options—(Continued)

Options on Exchange-Traded Futures Contracts	Strike Price			Expiration Date		Number of Contracts		Notional Amount			Premiums Paid		Market Value		Unrealized Depreciation
Put - U.S. Treasury Note 10-Year Futures		USD	111.000		11/23/18		94		USD	94,000	$	804	$	94	$	(710	)
Totals											$	11,970	$	1,400	$	(10,570	)

Written Options

Foreign Currency Options	Strike Price			Counterparty	Expiration Date		Number of Contracts			Notional Amount				Premiums Received			Market Value			Unrealized Depreciation
USD Call/BRL Put		BRL	4.000	JPMC		10/17/18		(5,070,000	)		USD	(5,070,000	)	$	(118,055	)	$	(128,068	)	$	(10,013	)

Inflation Capped Options	Initial Index	Counterparty		Exercise Index	Expiration Date		Number of Contracts			Notional Amount				Premiums Received			Market Value			Unrealized Appreciation/ (Depreciation)
Cap - CPI-U Index	233.916		JPMC	Maximum of [(Final Index/Initial Index) - (1 + 4.000%)]10		04/22/24		(35,000,000	)		USD	(35,000,000	)	$	(254,625	)	$	(910	)	$	253,715
Cap - CPI-U Index	234.781		JPMC	Maximum of [(Final Index/Initial Index) - (1 + 4.000%)]10		05/16/24		(2,800,000	)		USD	(2,800,000	)		(19,460	)		(81	)		19,379
Cap - HICP Index	100.151		GSBU	Maximum of [(Final Index/Initial Index) - (1 + 3.000%)]10		06/22/35		(8,700,000	)		EUR	(8,700,000	)		(395,798	)		(37,036	)		358,762
Floor - OTC CPURNSA Index	0.000		MSCS	Maximum of [(1 + 0.000%) - (Final Index/Initial Index)] or 010		01/02/20		(201,300,000	)		USD	(201,300,000	)		(156,007	)		(296,396	)		(140,389	)
Floor - OTC CPURNSA Index	216.687		CBNA	Maximum of [(1 + 0.000%)10 - (Final Index/Initial Index)] or 0 USD		04/07/20		(49,000,000	)		USD	(49,000,000	)		(436,720	)		—			436,720
Floor - OTC CPURNSA Index	217.965		CBNA	Maximum of [(1 + 0.000%)10 - (Final Index/Initial Index)] or 0 USD		09/29/20		(4,700,000	)		USD	(4,700,000	)		(60,630	)		—			60,630
Floor - OTC YOY CPURNSA Index	233.916		JPMC	Maximum of [0.000% - (Final Index/Initial Index - 1)] or 0		03/24/20		(33,500,000	)		USD	(33,500,000	)		(378,550	)		(15,243	)		363,307
Floor - OTC YOY CPURNSA Index	238.643		JPMC	Maximum of [0.000% - (Final Index/Initial Index - 1)] or 0		10/02/20		(14,900,000	)		USD	(14,900,000	)		(275,009	)		(17,321	)		257,688
Totals														$	(1,976,799	)	$	(366,987	)	$	1,609,812

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
Put - OTC - 5-Year IRS		3.250	%		CBNA		3M LIBOR		Pay		12/04/18		(24,600,000	)		USD	(24,600,000	)	$	(138,990	)	$	(84,358	)	$	54,632

Credit Default Swaptions	Strike Rate			Counterparty		Reference Obligation		Buy/Sell Protection		Expiration Date		Number of Contracts			Notional Amount				Premiums Received			Market Value			Unrealized Appreciation
Put - OTC - 5-Year CDS		0.900	%		BBP		CDX.ITRX.EUR.29		Sell		11/21/18		(14,000,000	)		EUR	(14,000,000	)	$	(19,389	)	$	(4,351	)	$	15,038

Options on Exchange-Traded Futures Contracts	Strike Price		Expiration Date		Number of Contracts			Notional Amount				Premiums Received			Market Value			Unrealized Appreciation/ (Depreciation)
Call - U.S. Treasury Bond Futures	$	142.500		10/26/18		(41	)		USD	(41,000	)	$	(11,482	)	$	(10,891	)	$	591
Call - U.S. Treasury Bond Futures		142.000		10/26/18		(62	)		USD	(62,000	)		(29,215	)		(24,219	)		4,996
Put - U.S. Treasury Bond Futures		142.000		10/26/18		(104	)		USD	(104,000	)		(81,429	)		(196,625	)		(115,196	)
Put - U.S. Treasury Note 10 Year Futures		120.000		10/26/18		(84	)		USD	(84,000	)		(53,712	)		(108,938	)		(55,226	)
Totals												$	(175,838	)	$	(340,673	)	$	(164,835	)

BHFTI-294

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Swap Agreements

OTC Interest Rate Swaps

Pay/Receive Floating Rate	Floating Rate Index	Payment Frequency		Fixed Rate	Payment Frequency		Maturity Date		Counterparty		Notional Amount			Market Value			Upfront Premium Paid/(Received)		Unrealized Depreciation(1)
Pay	CPURNSA		Maturity	1.788%		Maturity		07/18/26		MSCS		USD	1,400,000	$	(76,381	)	$	—	$	(76,381	)
Pay	CPURNSA		Maturity	1.800%		Maturity		07/20/26		MSCS		USD	6,500,000		(345,812	)		—		(345,812	)
Pay	CPURNSA		Maturity	1.805%		Maturity		09/20/26		MSCS		USD	2,300,000		(119,940	)		—		(119,940	)
Pay	CPURNSA		Maturity	1.810%		Maturity		07/19/26		MSCS		USD	12,600,000		(659,509	)		—		(659,509	)
Receive	CPURNSA		Maturity	2.560%		Maturity		05/08/23		DBAG		USD	12,300,000		(927,281	)		—		(927,281	)
Totals														$	(2,128,923	)	$	—	$	(2,128,923	)

Centrally Cleared Interest Rate Swaps

Pay/Receive Floating Rate	Floating Rate Index	Payment Frequency		Fixed Rate	Payment Frequency	Maturity Date		Notional Amount			Market Value			Upfront Premiums Paid/(Received)			Unrealized Appreciation/ (Depreciation)
Pay	CPURNSA		Annually	2.156%	Annually		10/17/27		USD	10,000,000	$	(250,817	)	$	—		$	(250,817	)
Pay	CPURNSA		Annually	2.335%	Annually		02/05/28		USD	13,090,000		(10,083	)		28,402			(38,485	)
Pay	CPURNSA		Annually	2.353%	Annually		05/09/28		USD	4,030,000		(2,986	)		—			(2,986	)
Pay	CPURNSA		Annually	2.360%	Annually		05/09/28		USD	6,060,000		(197	)		—			(197	)
Pay	CPURNSA		Annually	2.364%	Annually		05/10/28		USD	6,160,000		1,630			—			1,630
Pay	CPURNSA		Maturity	2.370%	Maturity		06/06/28		USD	6,400,000		(8,788	)		(1,137	)		(7,651	)
Pay	12M HICP		Maturity	1.535%	Maturity		06/15/23		EUR	10,790,000		(23,549	)		—			(23,549	)
Pay	12M HICP		Maturity	1.620%	Maturity		05/15/28		EUR	6,170,000		2,020			387			1,633
Pay	12M HICP		Annually	1.535%	Annually		03/15/28		EUR	3,800,000		(27,463	)		—			(27,463	)
Pay	12M HICP		Maturity	1.946%	Maturity		03/15/48		EUR	2,100,000		(6,318	)		5,193			(11,511	)
Pay	12M UKRPI		Maturity	3.140%	Maturity		04/15/31		GBP	600,000		(53,094	)		(63,551	)		10,457
Pay	12M UKRPI		Annually	3.300%	Annually		12/15/30		GBP	4,500,000		(165,307	)		(213,641	)		48,334
Pay	12M UKRPI		Maturity	3.325%	Maturity		08/15/30		GBP	24,200,000		(407,073	)		(197,470	)		(209,603	)
Pay	12M UKRPI		Maturity	3.350%	Maturity		05/15/30		GBP	14,000,000		9,253			1,788			7,465
Pay	12M UKRPI		Annually	3.358%	Annually		04/15/35		GBP	2,900,000		(50,062	)		(64,562	)		14,500
Pay	12M UKRPI		Annually	3.400%	Annually		06/15/30		GBP	18,500,000		138,791			57,523			81,268
Pay	12M UKRPI		Annually	3.470%	Annually		09/15/32		GBP	7,240,000		(83,047	)		(23,095	)		(59,952	)
Pay	12M UKRPI		Maturity	3.513%	Maturity		09/15/28		GBP	4,600,000		9,259			213			9,046
Pay	12M UKRPI		Maturity	3.530%	Maturity		10/15/31		GBP	580,000		2,128			15,822			(13,694	)
Pay	12M UKRPI		Maturity	3.500%	Maturity		09/15/33		GBP	1,040,000		(10,588	)		810			(11,398	)
Pay	CPURNSA		Annually	1.730%	Annually		07/26/26		USD	7,500,000		(446,171	)		(402,024	)		(44,147	)
Pay	CPURNSA		Annually	1.780%	Annually		09/15/26		USD	5,000,000		(270,145	)		(242,701	)		(27,444	)
Pay	CPURNSA		Annually	1.801%	Annually		09/12/26		USD	5,870,000		(303,914	)		(271,133	)		(32,781	)
Pay	CPURNSA		Annually	2.150%	Annually		09/25/27		USD	4,500,000		(117,234	)		—			(117,234	)
Pay	CPURNSA		Annually	2.180%	Annually		09/20/27		USD	4,490,000		(102,955	)		—			(102,955	)
Pay	3M LIBOR		Quarterly	2.000%	Semi-Annually		06/20/23		USD	75,900,000		(3,583,823	)		(2,932,218	)		(651,605	)
Pay	3M LIBOR		Quarterly	2.250%	Semi-Annually		12/20/22		USD	81,000,000		(2,631,212	)		102,021			(2,733,233	)
Pay	3M LIBOR		Quarterly	2.500%	Semi-Annually		12/19/23		USD	20,900,000		(588,379	)		(168,036	)		(420,343	)
Pay	3M LIBOR		Quarterly	2.670%	Semi-Annually		11/19/23		USD	14,000,000		(278,408	)		—			(278,408	)
Pay	3M LIBOR		Quarterly	2.678%	Semi-Annually		10/25/23		USD	16,600,000		(316,763	)		—			(316,763	)
Pay	3M LIBOR		Quarterly	2.681%	Semi-Annually		12/12/23		USD	14,000,000		(275,909	)		—			(275,909	)
Pay	3M LIBOR		Quarterly	2.750%	Semi-Annually		12/19/23		USD	38,600,000		(613,161	)		(260,628	)		(352,533	)
Pay	3M LIBOR		Quarterly	3.090%	Semi-Annually		09/13/48		USD	10,730,000		(165,348	)		—			(165,348	)
Pay	FRCPXT		Annually	1.350%	Annually		01/15/23		EUR	7,400,000		(52,349	)		2,388			(54,737	)
Pay	FRCPXT		Annually	1.575%	Annually		01/15/28		EUR	3,100,000		(4,286	)		—			(4,286	)
Pay	FRCPXT		Annually	1.590%	Annually		02/15/28		EUR	13,200,000		19,033			(377	)		19,410
Pay	FRCPXT		Annually	1.606%	Annually		02/15/28		EUR	1,920,000		6,592			—			6,592
Pay	FRCPXT		Maturity	1.621%	Maturity		07/15/28		EUR	9,210,000		30,496			—			30,496
Pay	FRCPXT		Annually	1.910%	Annually		01/15/38		EUR	2,280,000		51,433			6,477			44,956
Receive	FRCPXT		Annually	1.000%	Annually		04/15/20		EUR	1,190,000		10,563			—			10,563
Receive	FRCPXT		Maturity	1.150%	Maturity		08/06/20		EUR	5,130,000		20,324			1,187			19,137

BHFTI-295

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Centrally Cleared Interest Rate Swaps—(Continued)

Pay/Receive Floating Rate	Floating Rate Index	Payment Frequency		Fixed Rate	Payment Frequency	Maturity Date		Notional Amount			Market Value			Upfront Premiums Paid/(Received)			Unrealized Appreciation/ (Depreciation)
Receive	FRCPXT		Maturity	1.160%	Maturity		08/15/20		EUR	15,120,000	$	56,333		$	9,943		$	46,390
Receive	FRCPXT		Annually	1.345%	Annually		06/15/21		EUR	4,900,000		21,502			—			21,502
Receive	CPURNSA		Annually	1.925%	Annually		05/08/19		USD	7,630,000		20,538			—			20,538
Receive	CPURNSA		Annually	1.980%	Annually		04/10/19		USD	14,310,000		30,622			—			30,622
Receive	CPURNSA		Annually	2.069%	Annually		07/15/22		USD	4,500,000		66,941			—			66,941
Receive	CPURNSA		Annually	2.070%	Annually		03/23/19		USD	13,480,000		29,217			781			28,436
Receive	CPURNSA		Annually	2.168%	Annually		07/15/20		USD	13,200,000		79,945			—			79,945
Receive	CPURNSA		Annually	2.210%	Annually		02/05/23		USD	25,780,000		176,300			—			176,300
Receive	CPURNSA		Annually	2.263%	Annually		04/27/23		USD	17,820,000		25,962			(2,800	)		28,762
Receive	CPURNSA		Annually	2.263%	Annually		05/09/23		USD	4,030,000		8,193			—			8,193
Receive	CPURNSA		Annually	2.281%	Annually		05/10/23		USD	6,160,000		7,528			—			7,528
Receive	12M HICP		Maturity	1.315%	Maturity		08/15/20		EUR	19,720,000		88,010			888			87,122
Receive	12M HICP		Maturity	1.710%	Maturity		03/15/33		EUR	2,100,000		(703	)		(2,813	)		2,110
Receive	12M FEDRC		Annually	2.000%	Annually		12/15/47		USD	9,630,000		1,499,682			22,083			1,477,599
Receive	12M FEDRC		Annually	2.428%	Annually		12/20/47		USD	2,000,000		140,743			—			140,743
Receive	12M FEDRC		Annually	2.478%	Annually		12/20/47		USD	4,834,000		291,415			17,887			273,528
Receive	12M FEDRC		Annually	2.499%	Annually		12/20/47		USD	1,590,000		89,088			—			89,088
Receive	12M UKRPI		Annually	3.428%	Annually		03/15/47		GBP	8,610,000		624,405			459,191			165,214
Receive	12M UKRPI		Monthly	3.585%	Monthly		10/15/46		GBP	5,230,000		(231,406	)		(398,518	)		167,112
Receive	CPURNSA		Annually	1.550%	Annually		07/26/21		USD	7,500,000		281,835			253,846			27,989
Receive	CPURNSA		Annually	1.603%	Annually		09/12/21		USD	5,870,000		199,671			176,800			22,871
Receive	CPURNSA		Annually	2.021%	Annually		11/25/20		USD	10,400,000		119,506			—			119,506
Receive	CPURNSA		Annually	2.027%	Annually		11/23/20		USD	11,000,000		124,473			—			124,473
Receive	3M LIBOR		Semi-Annually	1.750%	Quarterly		06/20/20		USD	78,340,000		1,572,782			1,469,939			102,843
Receive	3M LIBOR		Semi-Annually	1.850%	Quarterly		07/27/26		USD	13,350,000		745,059			—			745,059
Receive	3M LIBOR		Semi-Annually	2.000%	Quarterly		07/27/26		USD	87,400,000		4,315,587			1,487,733			2,827,854
Receive	3M LIBOR		Semi-Annually	2.150%	Quarterly		06/19/48		USD	3,190,000		648,216			—			648,216
Receive	3M LIBOR		Semi-Annually	2.250%	Semi-Annually		06/20/28		USD	28,730,000		2,093,825			1,593,677			500,148
Receive	3M LIBOR		Semi-Annually	2.300%	Quarterly		04/21/26		USD	34,400,000		1,260,949			—			1,260,949
Receive	3M LIBOR		Semi-Annually	2.300%	Quarterly		04/27/26		USD	41,300,000		1,513,379			—			1,513,379
Receive	3M LIBOR		Semi-Annually	2.400%	Quarterly		03/16/26		USD	12,900,000		417,943			—			417,943
Receive	3M LIBOR		Semi-Annually	2.400%	Quarterly		12/07/26		USD	12,100,000		389,323			137,159			252,164
Receive	3M LIBOR		Semi-Annually	2.500%	Quarterly		06/20/48		USD	10,960,000		1,461,093			1,310,283			150,810
Receive	3M LIBOR		Semi-Annually	2.750%	Quarterly		12/19/48		USD	300,000		25,418			8,036			17,382
Receive	3M LIBOR		Semi-Annually	2.765%	Quarterly		07/18/28		USD	30,350,000		973,070			—			973,070
Receive	3M LIBOR		Semi-Annually	3.100%	Quarterly		04/17/28		USD	54,870,000		233,067			(165,305	)		398,372
Receive	3M LIBOR		Semi-Annually	3.134%	Quarterly		09/13/28		USD	53,000,000		182,939			—			182,939
Receive	3M NZDBB		Semi-Annually	3.250%	Quarterly		03/21/28		NZD	8,400,000		(179,934	)		25,634			(205,568	)
Receive	6M LIBOR		Semi-Annually	0.300%	Semi-Annually		09/20/27		JPY	798,000,000		13,933			(14,442	)		28,375
Receive	6M LIBOR		Semi-Annually	0.300%	Semi-Annually		03/20/28		JPY	450,000,000		17,069			(7,027	)		24,096
Receive	6M LIBOR		Semi-Annually	0.450%	Semi-Annually		03/20/29		JPY	2,270,000,000		(77,632	)		(123,466	)		45,834
Receive	6M LIBOR		Semi-Annually	1.500%	Semi-Annually		03/20/29		GBP	10,000,000		250,429			160,116			90,313
Receive	6M LIBOR		Semi-Annually	1.500%	Semi-Annually		12/21/45		JPY	143,000,000		(181,675	)		(215,769	)		34,094
Receive	6M LIBOR		Semi-Annually	1.750%	Semi-Annually		03/20/49		GBP	10,000,000		29,244			(60,395	)		89,639
Totals											$	8,905,977		$	1,525,099		$	7,380,878

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

Reference Obligation	Fixed Deal (Pay) Rate		Payment Frequency		Maturity Date	Implied Credit Spread at September 30, 2018(b)		Notional Amount(c)			Market Value		Upfront Premiums (Received)		Unrealized Appreciation/ (Depreciation)
CDX.NA.HY.31		(5.000%)		Quarterly	12/20/23		3.315%		USD	8,700,000	$	(636,274)	$	(610,180)	$	(26,094)
ITRX.EUR.26		(1.000%)		Quarterly	12/20/21		0.319%		EUR	13,800,000		(354,621)		(223,083)		(131,538)
ITRX.EUR.28		(1.000%)		Quarterly	12/20/22		0.489%		EUR	38,300,000		(955,889)		(1,068,020)		112,131
Totals											$	(1,946,784)	$	(1,901,283)	$	(45,501)

BHFTI-296

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

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

Reference Obligation	Fixed Deal Receive Rate		Payment Frequency		Maturity Date		Implied Credit Spread at September 30, 2018(b)		Notional Amount(c)			Market Value		Upfront Premiums Paid		Unrealized Depreciation
Daimler AG 0.625%, due 03/05/20		1.000%		Quarterly		12/20/20		0.418%		EUR	890,000	$	13,556	$	14,752	$	(1,196)

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

Reference Obligation	Fixed Deal Receive Rate		Payment Frequency		Maturity Date		Counterparty	Implied Credit Spread at September 30, 2018 (b)		Notional Amount (c)			Market Value		Upfront Premium (Received)		Unrealized Appreciation
Federative Republic of Brazil 4.250%, due 01/07/25		1.000%		Quarterly		06/20/21	CBNA		1.844%		USD	800,000	$	(17,397)	$	(69,203)	$	51,806
Federative Republic of Brazil 4.250%, due 01/07/25		1.000%		Quarterly		06/20/21	DBAG		1.844%		USD	1,200,000		(26,096)		(103,310)		77,214
Federative Republic of Brazil 4.250%, due 01/07/25		1.000%		Quarterly		06/20/22	CBNA		2.130%		USD	2,600,000		(100,380)		(164,239)		63,859
Totals													$	(143,873)	$	(336,752)	$	192,879

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

Reference Obligation	Fixed Deal Receive Rate		Payment Frequency		Maturity Date	Counterparty	Implied Credit Spread at September 30, 2018(b)		Notional Amount(c)			Market Value		Upfront Premium (Received)		Unrealized Appreciation
CMBX.NA.AAA.8		0.500%		Monthly	10/17/57	DBAG		0.000%		USD	7,900,000	$	83,588	$	(496,449)	$	580,037
CMBX.NA.AAA.8		0.500%		Monthly	10/17/57	GSI		0.000%		USD	900,000		9,523		(46,594)		56,117
Totals												$	93,111	$	(543,043)	$	636,154

(a)	If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(b)	Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or indices as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as “Defaulted” indicates a credit event has occurred for the referenced entity or obligation.
(c)	The maximum potential amount of future undiscounted payments that the Portfolio could be required to make under a credit default swap contract would be the notional amount of the contract. These potential amounts would be partially offset by any recovery values of the referenced debt obligation or net amounts received from the settlement of purchased protection credit default swap contracts entered into by the Portfolio for the same referenced debt obligation.
(d)	If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(1)	There is no upfront payment premium paid or (received) therefore Market Value equals Unrealized Depreciation.

BHFTI-297

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Glossary of Abbreviations

Counterparties

(BBP)—	Barclays Bank PLC
(BNP)—	BNP Paribas S.A.
(CBNA)—	Citibank N.A.
(CSI)—	Credit Suisse International
(DBAG)—	Deutsche Bank AG
(GSBU)—	Goldman Sachs Bank USA
(GSI)—	Goldman Sachs International
(JPMC)—	JPMorgan Chase Bank N.A.
(MSCS)—	Morgan Stanley Capital Services LLC
(SG)—	Societe Generale Paris
(UBSA)—	UBS AG

Currencies

(DKK)—	Danish Krone
(ARS)—	Argentine Peso
(AUD)—	Australian Dollar
(BRL)—	Brazilian Real
(CAD)—	Canadian Dollar
(CHF)—	Swiss Franc
(CNH)—	Chinese Renminbi
(COP)—	Colombian Peso
(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
(RUB)—	Russian Ruble
(SGD)—	Singapore Dollar
(TWD)—	Taiwanese Dollar
(USD)—	United States Dollar

Index Abbreviations

(BADLAR)—	Buenos Aires Deposits of Large Amount Rate Index
(BBSW)—	Bank Bill Swap Rate
(CDX.NA.HY)—	Markit North America High Yield CDS Index
(CMBX)—	Commercial Mortgage-Backed Index
(CMBX.NA.AAA)—	Markit North America AAA Rated CMBS Index
(CMT)—	U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index
(COFI)—	11th District Cost of Funds Index
(CPI-U)—	U.S. Consumer Price Index for All Urban Consumers
(CPURNSA)—	U.S. Consumer Price Index for All Urban Consumers Non-Seasonally Adjusted
(EURIBOR)—	Euro Interbank Offered Rate
(FEDRC)—	U.S. Federal Funds Rate Compounded
(FRCPXT)—	France Consumer Price ex-Tobacco Index
(HICP)—	Harmonized Index of Consumer Prices
(ICE)—	Intercontinental Exchange, Inc.
(ITRX.EUR)—	Markit iTraxx Europe CDS Index
(LIBOR)—	London Interbank Offered Rate
(MTA)—	Monthly Treasury Average Index
(NZDBB)—	New Zealand Dollar Bank Bill Index
(UKRPI)—	United Kingdom Retail Price Index
(YOY)—	Year-Over-Year Option

Other Abbreviations

(ARM)—	Adjustable-Rate Mortgage
(CLO)—	Collateralized Loan Obligation
(CMO)—	Collateralized Mortgage Obligation
(REMIC)—	Real Estate Mortgage Investment Conduit

BHFTI-298

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1			Level 2			Level 3		Total
Total U.S. Treasury & Government Agencies*	$	—		$	2,961,134,096		$	—	$	2,961,134,096
Total Corporate Bonds & Notes*		—			200,469,342			—		200,469,342
Total Foreign Government*		—			145,092,487			—		145,092,487
Total Asset-Backed Securities*		—			151,126,508			—		151,126,508
Total Mortgage-Backed Securities*		—			48,088,963			—		48,088,963
Total Convertible Preferred Stock*		1,161,792			—			—		1,161,792
Total Municipals		—			699,419			—		699,419
Total Floating Rate Loan*		—			98,280			—		98,280
Short-Term Investments
Commercial Paper		—			46,663,282			3,474,188		50,137,470
Foreign Government		—			44,784,759			—		44,784,759
Repurchase Agreements		—			421,400,824			—		421,400,824
Total Short-Term Investments		—			512,848,865			3,474,188		516,323,053
Total Purchased Options*	$	1,400		$	—		$	—	$	1,400
Total Investments	$	1,163,192		$	4,019,557,960		$	3,474,188	$	4,024,195,340
Total Forward Sales Commitments	$	—		$	(50,401,675	)	$	—	$	(50,401,675	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	11,927,751		$	—	$	11,927,751
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(3,870,986	)		—		(3,870,986	)
Total Forward Contracts	$	—		$	8,056,765		$	—	$	8,056,765
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	6,788,373		$	—		$	—	$	6,788,373
Futures Contracts (Unrealized Depreciation)		(1,353,136	)		—			—		(1,353,136	)
Total Futures Contracts	$	5,435,237		$	—		$	—	$	5,435,237
Written Options
Credit Default Swaptions at Value	$	—		$	(4,351	)	$	—	$	(4,351	)
Foreign Currency Written Options at Value		—			(128,068	)		—		(128,068	)
Inflation Capped Options at Value		—			(366,987	)		—		(366,987	)
Interest Rate Swaptions at Value		—			(84,358	)		—		(84,358	)
Options on Exchange-Traded Futures Contracts at Value		(340,673	)		—			—		(340,673	)
Total Written Options	$	(340,673	)	$	(583,764	)	$	—	$	(924,437	)
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Appreciation)	$	—		$	13,933,609		$	—	$	13,933,609
Centrally Cleared Swap Contracts (Unrealized Depreciation)		—			(6,599,428	)		—		(6,599,428	)
Total Centrally Cleared Swap Contracts	$	—		$	7,334,181		$	—	$	7,334,181
OTC Swap Contracts
OTC Swap Contracts at Value (Assets)	$	—		$	93,111		$	—	$	93,111
OTC Swap Contracts at Value (Liabilities)		—			(2,272,796	)		—		(2,272,796	)
Total OTC Swap Contracts	$	—		$	(2,179,685	)	$	—	$	(2,179,685	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-299

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

U.S. Treasury & Government Agencies—80.6% of Net Assets

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—61.1%
Fannie Mae 10 Yr. Pool 3.000%, 12/01/20		41,836	$	41,367
3.000%, 02/01/21		132,696		131,208
3.000%, 08/01/21		106,789		105,592
3.000%, 11/01/21		30,389		30,190
3.000%, 03/01/22		143,056		142,832
3.000%, 05/01/22		486,950		486,189
5.500%, 10/01/18		6		6
Fannie Mae 15 Yr. Pool 3.000%, 09/01/28		462,197		458,217
3.000%, 06/01/30		15,102,293		14,971,694
3.000%, TBA (a)		59,000,000		58,210,174
3.500%, 10/01/26		169,641		170,615
3.500%, 12/01/26		283,500		285,917
3.500%, 08/01/27		238,006		240,022
3.500%, 07/01/29		149,722		150,793
3.500%, TBA (a)		53,000,000		53,272,367
4.000%, 04/01/24		25,084		25,613
4.000%, 05/01/24		1,005,161		1,026,190
4.000%, 06/01/24		1,212,450		1,237,939
4.000%, 07/01/24		11,163		11,395
4.000%, 02/01/25		361,143		368,721
4.000%, 06/01/25		112,782		115,120
4.000%, 07/01/25		3,656		3,732
4.000%, 08/01/25		386,163		394,286
4.000%, 09/01/25		20,427		20,861
4.000%, 12/01/25		107,509		109,844
4.000%, 02/01/26		103,885		106,087
4.000%, 03/01/26		20,531		20,978
4.000%, 06/01/26		15,762		16,091
4.500%, 08/01/20		70,315		71,412
4.500%, 09/01/20		40,527		41,028
4.500%, 10/01/20		3,730		3,776
4.500%, 12/01/20		53,012		53,723
4.500%, 02/01/23		101,119		104,839
4.500%, 03/01/23		146,025		148,986
4.500%, 05/01/23		18,728		19,130
4.500%, 06/01/23		1,220		1,265
4.500%, 04/01/24		32,903		34,113
4.500%, 05/01/24		114,516		118,665
4.500%, 08/01/24		21,946		22,626
4.500%, 10/01/24		160,593		166,566
4.500%, 11/01/24		39,556		40,893
4.500%, 02/01/25		254,991		263,521
4.500%, 03/01/25		202,245		209,746
4.500%, 04/01/25		163,925		169,981
4.500%, 05/01/25		416,876		430,551
4.500%, 06/01/25		27,485		28,326
4.500%, 07/01/25		1,611,685		1,664,900
4.500%, 08/01/25		32,795		34,020
4.500%, 09/01/25		107,580		111,585
4.500%, 11/01/25		86,281		89,514
4.500%, 04/01/26		9,912		10,282
4.500%, 01/01/27		23,542		24,047
5.500%, 11/01/18		1		1
5.500%, 09/01/19		35		35
Agency Sponsored Mortgage - Backed—(Continued)
Fannie Mae 15 Yr. Pool 5.500%, 09/01/20		2,664		2,702
5.500%, 12/01/20		61		61
5.500%, 03/01/22		67,207		68,712
5.500%, 04/01/22		36,757		37,454
5.500%, 07/01/22		51,698		52,799
5.500%, 09/01/22		19,880		20,256
5.500%, 10/01/22		173,500		178,627
5.500%, 11/01/22		37,269		38,187
5.500%, 12/01/22		28,380		28,944
5.500%, 02/01/23		61,884		63,370
5.500%, 03/01/23		8,819		9,126
5.500%, 07/01/23		5,884		6,044
5.500%, 08/01/23		19,362		19,958
5.500%, 10/01/23		35,722		36,672
5.500%, 11/01/23		2,894		2,893
5.500%, 12/01/23		16,189		16,666
5.500%, 01/01/24		5,453		5,644
5.500%, 03/01/24		31,836		32,917
5.500%, 09/01/24		11,500		11,685
5.500%, 01/01/25		440,260		455,400
5.500%, 05/01/25		24,121		24,819
Fannie Mae 20 Yr. Pool 4.000%, 04/01/29		41,433		42,361
4.000%, 05/01/29		146,916		148,420
4.000%, 03/01/30		83,717		85,192
4.000%, 05/01/30		131,011		133,512
4.000%, 08/01/30		103,487		105,306
4.000%, 09/01/30		75,219		76,546
4.000%, 10/01/30		3,044		3,098
4.000%, 11/01/30		357,016		363,311
4.000%, 12/01/30		48,222		49,073
4.000%, 06/01/31		7,520		7,652
4.000%, 09/01/31		180,722		183,911
4.000%, 11/01/31		19,735		19,996
4.500%, 01/01/25		4,955		5,114
4.500%, 04/01/31		33,191		34,372
5.000%, 02/01/23		211,835		222,394
5.000%, 03/01/23		319,612		335,544
5.000%, 07/01/23		194,120		203,796
5.000%, 09/01/23		88,471		92,881
5.000%, 10/01/23		6,865,202		7,207,404
5.000%, 01/01/24		283,079		297,189
5.000%, 05/01/24		99,361		104,314
5.000%, 06/01/24		1,075,763		1,129,386
5.000%, 07/01/24		6,388,116		6,706,536
5.000%, 01/01/25		71,491		75,054
5.000%, 09/01/25		521,921		547,937
5.000%, 12/01/25		193,565		203,213
5.000%, 01/01/26		47,459		49,824
5.000%, 08/01/26		201,862		211,924
5.000%, 02/01/27		3,917		4,112
5.000%, 05/01/27		112,743		118,363
5.000%, 07/01/27		648,841		681,183
5.000%, 12/01/27		298,467		313,345
5.000%, 03/01/28		11,458		12,029

BHFTI-300

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

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

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Fannie Mae 20 Yr. Pool 5.000%, 05/01/28		384,906	$	404,091
5.000%, 06/01/28		1,193,052		1,252,521
5.000%, 01/01/29		219,999		230,965
5.000%, 07/01/29		68,892		72,348
5.000%, 12/01/29		19,285		20,260
5.000%, 03/01/30		351,123		368,874
5.000%, 05/01/30		79,733		83,753
5.000%, 11/01/30		364,150		382,301
5.000%, 07/01/31		60,552		63,592
5.500%, 02/01/19		193		206
5.500%, 06/01/23		112,685		120,306
5.500%, 07/01/24		5,341		5,702
5.500%, 01/01/25		6,268		6,692
5.500%, 02/01/25		1,697		1,812
5.500%, 03/01/25		419,188		447,537
5.500%, 08/01/25		40,260		43,430
5.500%, 10/01/25		2,797		2,986
5.500%, 11/01/25		6,248		6,670
5.500%, 03/01/26		45,109		48,159
5.500%, 05/01/26		1,329		1,419
5.500%, 06/01/26		272,633		291,072
5.500%, 01/01/27		39,285		41,942
5.500%, 06/01/27		6,913		7,383
5.500%, 07/01/27		124,447		132,863
5.500%, 08/01/27		59,636		63,669
5.500%, 10/01/27		70,746		75,530
5.500%, 11/01/27		19,819		21,159
5.500%, 12/01/27		171,016		182,582
5.500%, 01/01/28		67,677		72,254
5.500%, 03/01/28		33,171		35,415
5.500%, 04/01/28		125,346		133,823
5.500%, 05/01/28		42,998		45,908
5.500%, 06/01/28		10,808		11,538
5.500%, 07/01/28		5,727		6,114
5.500%, 09/01/28		82,674		88,265
5.500%, 10/01/28		13,953		14,897
5.500%, 12/01/28		5,875		6,272
5.500%, 01/01/29		91,688		97,889
5.500%, 07/01/29		49,803		53,176
5.500%, 10/01/29		185,725		199,874
5.500%, 04/01/30		87,161		93,069
6.000%, 06/01/26		6,929		7,486
6.000%, 07/01/26		53,264		57,542
6.000%, 08/01/26		10,298		11,126
6.000%, 12/01/26		9,481		10,243
6.000%, 10/01/28		30,372		32,820
Fannie Mae 30 Yr. Pool 3.000%, TBA (a)		553,000,000		528,673,188
3.500%, TBA (a)		922,100,000		906,512,903
4.000%, 05/01/34		130,127		131,661
4.000%, 05/01/35		80,953		82,167
4.000%, 01/01/41		536,727		546,911
4.000%, 03/01/41		289,731		294,002
4.000%, 05/01/41		364,217		371,181
4.000%, 05/01/42		138,857		141,344
Agency Sponsored Mortgage - Backed—(Continued)
Fannie Mae 30 Yr. Pool 4.000%, 12/01/43		575,129		584,533
4.000%, 06/01/48		369,999		373,797
4.000%, TBA (a)		1,180,630,000		1,190,284,274
4.500%, 04/01/39		838,889		873,651
4.500%, 05/01/39		71,335		74,292
4.500%, 06/01/39		27,233		28,367
4.500%, 08/01/39		20,922		21,784
4.500%, 12/01/39		8,458		8,837
4.500%, 05/01/40		32,898		34,253
4.500%, 09/01/40		31,278		32,551
4.500%, 10/01/40		227,179		234,459
4.500%, 12/01/40		53,434		55,303
4.500%, 02/01/41		163,346		169,785
4.500%, 05/01/41		17,527		18,242
4.500%, 06/01/41		11,334		11,748
4.500%, 07/01/41		9,252		9,594
4.500%, 09/01/41		509,516		525,852
4.500%, 10/01/41		140,446		146,017
4.500%, 03/01/42		30,665		31,815
4.500%, 06/01/42		56,825		59,017
4.500%, 07/01/42		909,433		940,751
4.500%, 11/01/43		17,523		18,270
4.500%, TBA (a)		140,000,000		144,276,902
5.000%, 03/01/32		3,006		3,156
5.000%, 04/01/33		68,228		71,629
5.000%, 07/01/33		98,644		104,823
5.000%, 08/01/33		2,080		2,209
5.000%, 09/01/33		1,727		1,840
5.000%, 10/01/33		17,588		18,681
5.000%, 11/01/33		521		553
5.000%, 01/01/34		85,597		89,864
5.000%, 04/01/34		109,287		115,679
5.000%, 06/01/34		2,215		2,326
5.000%, 12/01/34		21,030		22,078
5.000%, 01/01/35		64,390		68,246
5.000%, 04/01/35		47		50
5.000%, 07/01/35		27,808		29,194
5.000%, 09/01/35		34,967		36,710
5.000%, 01/01/38		147,832		156,586
5.000%, 04/01/39		21,049		22,256
5.000%, 10/01/39		6,667		7,092
5.000%, 11/01/39		18,627		19,809
5.000%, 06/01/40		11,617		12,199
5.000%, 11/01/42		127,279		133,684
5.000%, TBA (a)		18,650,000		19,563,404
5.500%, 12/01/28		22,887		24,453
5.500%, 06/01/33		46,945		50,638
5.500%, 07/01/33		7,448		8,045
5.500%, 09/01/33		133,590		143,290
5.500%, 11/01/33		220,048		234,930
5.500%, 12/01/33		1,203		1,299
5.500%, 04/01/34		2,080		2,247
5.500%, 07/01/34		18,317		19,644
5.500%, 08/01/34		189,800		203,939
5.500%, 09/01/34		13,159		14,096

BHFTI-301

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

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

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Fannie Mae 30 Yr. Pool 5.500%, 11/01/34		296,454	$	320,359
5.500%, 12/01/34		697,860		753,590
5.500%, 01/01/35		248,670		269,155
5.500%, 02/01/35		343,334		371,099
5.500%, 03/01/35		447,438		482,816
5.500%, 04/01/35		122,392		131,448
5.500%, 05/01/35		124,421		134,471
5.500%, 06/01/35		204,086		220,322
5.500%, 08/01/35		170,810		185,552
5.500%, 09/01/35		1,924,567		2,078,105
5.500%, 10/01/35		191,126		206,270
5.500%, 12/01/35		920,147		993,294
5.500%, 01/01/36		210,775		227,495
5.500%, 03/01/36		224,406		242,436
5.500%, 05/01/36		1,833		1,969
5.500%, 07/01/36		917,570		993,258
5.500%, 09/01/36		112,143		121,195
5.500%, 11/01/36		65,114		70,335
5.500%, 12/01/36		2,540		2,712
5.500%, 02/01/37		1,788		1,935
5.500%, 05/01/37		16,777		17,957
5.500%, 08/01/37		872,601		942,828
5.500%, 01/01/38		5,677		6,104
5.500%, 02/01/38		145,847		157,138
5.500%, 03/01/38		912,988		989,740
5.500%, 05/01/38		1,761,237		1,896,982
5.500%, 06/01/38		69,836		75,082
5.500%, 09/01/38		21,746		23,216
5.500%, 10/01/38		692,752		747,837
5.500%, 11/01/38		158,957		171,312
5.500%, 01/01/39		45,280		49,223
5.500%, 07/01/39		14,945		15,960
5.500%, 11/01/39		1,979,647		2,130,075
5.500%, 02/01/40		443,539		476,672
5.500%, 06/01/40		58,656		62,645
5.500%, 09/01/40		285,489		307,103
5.500%, 07/01/41		3,349,337		3,602,410
5.500%, TBA (a)		10,500,000		11,212,031
6.000%, 12/01/28		12,869		13,900
6.000%, 01/01/29		16,791		18,433
6.000%, 02/01/29		127		138
6.000%, 04/01/29		2,495		2,746
6.000%, 06/01/29		3,806		4,190
6.000%, 11/01/32		44,538		48,177
6.000%, 12/01/32		170,331		187,472
6.000%, 03/01/33		14,670		16,159
6.000%, 04/01/33		4,967		5,367
6.000%, 05/01/33		14,452		15,920
6.000%, 07/01/33		15,797		17,401
6.000%, 01/01/34		1,793		1,974
6.000%, 09/01/34		10,968		11,847
6.000%, 11/01/34		6,164		6,657
6.000%, 04/01/35		678,767		747,559
6.000%, 05/01/35		23,084		25,418
6.000%, 06/01/35		3,293		3,625
Agency Sponsored Mortgage - Backed—(Continued)
Fannie Mae 30 Yr. Pool 6.000%, 07/01/35		36,136		39,214
6.000%, 09/01/35		6,540		7,115
6.000%, 11/01/35		412,855		445,982
6.000%, 12/01/35		13,258		14,432
6.000%, 04/01/36		4,373		4,812
6.000%, 05/01/36		295,127		319,512
6.000%, 06/01/36		20,243		21,865
6.000%, 07/01/36		12,154		13,128
6.000%, 08/01/36		1,537,039		1,694,257
6.000%, 09/01/36		156,331		171,572
6.000%, 10/01/36		66,981		72,711
6.000%, 11/01/36		94,058		101,943
6.000%, 12/01/36		14,046		15,173
6.000%, 01/01/37		115,522		125,487
6.000%, 02/01/37		368,338		405,986
6.000%, 04/01/37		61,307		66,918
6.000%, 05/01/37		45,984		49,687
6.000%, 07/01/37		19,801		21,794
6.000%, 08/01/37		39,582		42,978
6.000%, 11/01/37		46,406		50,975
6.000%, 02/01/38		486,014		534,790
6.000%, 03/01/38		8,931		9,846
6.000%, 08/01/38		20,459		22,101
6.000%, 09/01/38		542,787		595,758
6.000%, 10/01/38		57,604		63,478
6.000%, 11/01/38		8,268		8,932
6.000%, 01/01/39		81,477		89,271
6.000%, 04/01/39		466,472		510,290
6.000%, 07/01/39		77,208		85,051
6.000%, 08/01/39		603,753		652,436
6.000%, 05/01/40		2,004		2,165
6.000%, TBA (a)		6,500,000		7,025,780
8.000%, 10/01/25		920		992
Fannie Mae ARM Pool 2.947%, 12M MTA + 1.200%, 08/01/41 (b)		225,988		223,151
2.947%, 12M MTA + 1.200%, 07/01/42 (b)		236,314		235,088
2.947%, 12M MTA + 1.200%, 08/01/42 (b)		247,850		246,546
2.947%, 12M MTA + 1.200%, 10/01/44 (b)		352,285		350,386
2.997%, 12M MTA + 1.250%, 09/01/41 (b)		688,401		685,620
3.103%, 12M LIBOR + 1.353%, 12/01/34 (b)		482,306		499,255
3.104%, 12M LIBOR + 1.354%, 12/01/34 (b)		891,820		923,621
3.150%, 1Y CMT + 1.900%, 02/01/31 (b)		133,813		136,550
3.250%, 12M LIBOR + 1.500%, 11/01/34 (b)		5,067		5,317
3.345%, 12M LIBOR + 1.595%, 11/01/35 (b)		151,422		155,311
3.377%, 12M LIBOR + 1.627%, 12/01/34 (b)		34,690		36,255
3.422%, 12M LIBOR + 1.625%, 01/01/35 (b)		14,162		14,797
3.442%, 12M LIBOR + 1.633%, 10/01/34 (b)		14,255		14,863
3.442%, 12M LIBOR + 1.670%, 11/01/34 (b)		80,906		84,763
3.452%, 1Y CMT + 2.088%, 10/01/35 (b)		216,154		225,241
3.461%, 12M LIBOR + 1.383%, 03/01/35 (b)		24,579		25,441
3.470%, 12M LIBOR + 1.634%, 02/01/35 (b)		25,647		26,800
3.492%, 12M LIBOR + 1.549%, 01/01/35 (b)		33,348		34,758
3.503%, 12M LIBOR + 1.634%, 01/01/35 (b)		48,780		51,014
3.560%, 12M LIBOR + 1.810%, 09/01/34 (b)		600,301		632,483
3.565%, 12M LIBOR + 1.575%, 01/01/35 (b)		55,651		58,055

BHFTI-302

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

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

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Fannie Mae ARM Pool 3.568%, 12M MTA + 1.818%, 11/01/35 (b)		143,761	$	146,269
3.612%, 1Y CMT + 2.196%, 02/01/35 (b)		89,923		94,520
3.635%, 12M LIBOR + 1.885%, 11/01/32 (b)		25,005		25,826
3.717%, 12M LIBOR + 1.618%, 03/01/33 (b)		1,811		1,869
3.783%, 6M LIBOR + 1.414%, 06/01/33 (b)		21,215		21,810
3.852%, 1Y CMT + 2.215%, 09/01/31 (b)		36,257		37,578
3.855%, 12M LIBOR + 1.738%, 09/01/32 (b)		120,768		127,087
3.873%, 6M LIBOR + 1.373%, 09/01/35 (b)		899,007		923,815
3.888%, 12M LIBOR + 1.632%, 05/01/35 (b)		36,618		38,266
3.929%, 6M LIBOR + 1.509%, 01/01/35 (b)		127,015		131,194
3.953%, 1Y CMT + 1.997%, 10/01/28 (b)		136,978		139,894
4.019%, 1Y CMT + 2.178%, 11/01/35 (b)		351,063		371,198
4.038%, 6M LIBOR + 1.538%, 01/01/36 (b)		45,492		47,405
4.050%, 1Y CMT + 2.292%, 04/01/34 (b)		4,981		5,253
4.051%, 12M LIBOR + 1.810%, 04/01/35 (b)		71,672		75,361
4.105%, 6M LIBOR + 1.605%, 08/01/36 (b)		144,828		149,938
4.124%, 1Y CMT + 2.204%, 07/01/33 (b)		15,705		16,486
4.162%, 1Y CMT + 2.360%, 11/01/34 (b)		1,491,865		1,577,617
4.188%, 1Y CMT + 2.313%, 05/01/35 (b)		257,609		273,081
4.261%, 1Y CMT + 2.136%, 07/01/32 (b)		29,115		29,620
4.279%, COFI + 1.926%, 12/01/36 (b)		131,812		137,503
4.285%, 12M LIBOR + 1.660%, 05/01/34 (b)		292,354		306,588
4.473%, 1Y CMT + 2.223%, 08/01/35 (b)		256,492		271,768
4.500%, 12M LIBOR + 1.750%, 08/01/35 (b)		368,030		386,787
5.090%, COFI + 1.727%, 09/01/34 (b)		19,600		20,811
Fannie Mae Pool 2.310%, 08/01/22		8,200,000		7,931,402
2.870%, 09/01/27		7,300,000		6,916,058
3.320%, 05/01/28		17,700,000		17,285,924
3.330%, 11/01/21		1,395,498		1,402,774
Fannie Mae REMICS (CMO) 2.565%, 1M LIBOR + 0.400%, 09/18/31 (b)		201,765		202,618
3.116%, 1M LIBOR + 0.900%, 04/25/32 (b)		61,086		62,385
3.914%, 05/25/35 (b)		703,113		736,934
Freddie Mac 15 Yr. Gold Pool 5.500%, 09/01/19		31,631		31,782
Freddie Mac 20 Yr. Gold Pool
4.000%, 06/01/30		75,956		77,196
4.000%, 09/01/30		371,260		377,330
4.000%, 10/01/30		21,598		21,952
5.500%, 04/01/21		5,595		5,959
5.500%, 12/01/22		375		399
5.500%, 03/01/23		75,259		80,165
5.500%, 06/01/26		1,530		1,629
5.500%, 08/01/26		894		952
5.500%, 06/01/27		22,406		23,919
5.500%, 12/01/27		47,584		50,687
5.500%, 01/01/28		30,546		32,549
5.500%, 02/01/28		7,044		7,504
5.500%, 05/01/28		64,073		68,249
5.500%, 06/01/28		102,559		109,298
6.000%, 03/01/21		15,127		16,443
6.000%, 01/01/22		66,669		72,465
6.000%, 10/01/22		288,683		313,782
6.000%, 04/01/23		15,175		16,494
Agency Sponsored Mortgage - Backed—(Continued)
Freddie Mac 30 Yr. Gold Pool 3.500%, TBA (a)		75,000,000		73,753,044
4.000%, 12/01/40		206,913		210,763
4.000%, TBA (a)		36,000,000		36,303,453
4.500%, 04/01/34		20,378		21,132
4.500%, 06/01/35		62,597		64,916
4.500%, 04/01/41		135,600		141,470
4.500%, 10/01/41		124,223		128,735
4.500%, TBA (a)		29,800,000		30,711,460
5.500%, 03/01/32		17,529		18,807
5.500%, 01/01/33		1,310		1,420
5.500%, 05/01/33		1,435		1,554
5.500%, 08/01/33		1,447		1,566
5.500%, 10/01/33		2,531		2,722
5.500%, 12/01/33		1,030		1,115
5.500%, 01/01/34		1,646		1,781
5.500%, 05/01/34		41,840		45,299
5.500%, 09/01/34		18,130		19,503
5.500%, 01/01/35		29,428		31,895
5.500%, 07/01/35		1,565		1,696
5.500%, 10/01/35		44,616		47,524
5.500%, 11/01/35		115,058		122,768
5.500%, 12/01/35		37,720		40,824
5.500%, 01/01/36		27,207		29,126
5.500%, 02/01/36		37,021		39,460
5.500%, 04/01/36		16,596		17,953
5.500%, 06/01/36		1,435,074		1,555,241
5.500%, 07/01/36		30,346		32,790
5.500%, 08/01/36		63,527		67,924
5.500%, 10/01/36		13,224		14,317
5.500%, 12/01/36		253,368		273,947
5.500%, 02/01/37		22,654		24,488
5.500%, 03/01/37		13,663		14,799
5.500%, 04/01/37		33,394		35,667
5.500%, 06/01/37		54,993		59,175
5.500%, 07/01/37		198,851		214,228
5.500%, 08/01/37		71,582		77,624
5.500%, 09/01/37		27,978		29,981
5.500%, 10/01/37		8,898		9,596
5.500%, 11/01/37		224,753		242,563
5.500%, 12/01/37		14,751		15,793
5.500%, 01/01/38		70,489		76,008
5.500%, 02/01/38		180,959		195,141
5.500%, 03/01/38		86,071		92,416
5.500%, 04/01/38		171,766		185,260
5.500%, 05/01/38		348,556		375,577
5.500%, 06/01/38		278,288		300,064
5.500%, 07/01/38		361,657		389,916
5.500%, 08/01/38		972,258		1,049,111
5.500%, 09/01/38		262,326		282,665
5.500%, 10/01/38		7,298,629		7,870,903
5.500%, 11/01/38		2,557,521		2,749,674
5.500%, 12/01/38		5,948		6,335
5.500%, 01/01/39		616,001		664,265
5.500%, 02/01/39		89,411		95,820
5.500%, 03/01/39		70,826		76,380

BHFTI-303

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

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

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Freddie Mac 30 Yr. Gold Pool 5.500%, 06/01/39		2,369,695	$	2,556,352
5.500%, 09/01/39		47,984		51,481
5.500%, 02/01/40		79,849		85,948
5.500%, 03/01/40		11,492		12,404
5.500%, 05/01/40		2,389		2,577
5.500%, 08/01/40		76,133		82,027
Freddie Mac ARM Non-Gold Pool 3.436%, 12M LIBOR + 1.677%, 01/01/35 (b)		22,405		23,356
3.498%, 1Y CMT + 2.107%, 10/01/34 (b)		36,518		38,372
3.500%, 1Y CMT + 2.250%, 11/01/34 (b)		54,440		57,352
3.510%, 12M LIBOR + 1.621%, 02/01/35 (b)		23,328		24,310
3.526%, 12M LIBOR + 1.625%, 02/01/35 (b)		30,451		31,739
3.547%, 12M LIBOR + 1.678%, 02/01/35 (b)		25,720		26,856
3.556%, 12M LIBOR + 1.625%, 02/01/35 (b)		11,423		11,901
3.557%, 1Y CMT + 2.229%, 09/01/35 (b)		263,561		277,993
3.579%, 1Y CMT + 2.108%, 02/01/35 (b)		39,938		41,937
3.583%, 1Y CMT + 2.250%, 11/01/31 (b)		22,806		24,021
3.650%, 12M LIBOR + 1.900%, 11/01/34 (b)		10,803		11,441
3.697%, 12M LIBOR + 1.900%, 11/01/34 (b)		24,448		25,767
3.712%, 1Y CMT + 2.250%, 01/01/35 (b)		140,161		147,604
3.715%, 12M LIBOR + 1.891%, 11/01/34 (b)		21,618		22,721
3.740%, 12M LIBOR + 1.901%, 02/01/35 (b)		29,327		30,855
3.851%, 12M LIBOR + 1.851%, 03/01/35 (b)		96,784		99,464
3.928%, 1Y CMT + 2.250%, 02/01/35 (b)		52,735		55,522
3.935%, 12M LIBOR + 1.345%, 09/01/35 (b)		143,430		148,184
4.026%, 1Y CMT + 2.250%, 08/01/35 (b)		285,163		299,640
4.058%, 1Y CMT + 2.250%, 06/01/35 (b)		639,600		672,355
4.283%, 1Y CMT + 2.464%, 01/01/29 (b)		221,844		229,288
4.711%, 12M LIBOR + 1.961%, 08/01/32 (b)		47,607		49,078
Freddie Mac Multifamily Structured Pass-Through Certificates 1.389%, 08/25/22 (b) (c)		41,704,907		1,685,087
Freddie Mac REMICS (CMO) 2.408%, 1M LIBOR + 0.250%, 07/15/34 (b)		39,125		39,064
2.558%, 1M LIBOR + 0.400%, 06/15/41 (b)		8,703,665		8,750,607
3.500%, 01/15/42		25,247,472		24,384,818
3.625%, PRIME - 1.375%, 11/15/23 (b)		179,022		182,298
6.500%, 01/15/24		11,666		12,290
Freddie Mac Structured Pass-Through Securities (CMO) 2.913%, 12M MTA + 1.200%, 02/25/45 (b)		71,057		70,959
3.045%, 12M MTA + 1.200%, 10/25/44 (b)		788,682		785,162
3.245%, 12M MTA + 1.400%, 07/25/44 (b)		3,929,304		3,956,991
Ginnie Mae I 30 Yr. Pool 3.000%, TBA (a)		7,000,000		6,782,074
4.000%, TBA (a)		11,000,000		11,181,777
5.000%, 10/15/33		6,243		6,505
5.000%, 12/15/33		25,736		27,331
5.000%, 05/15/34		5,296		5,627
5.000%, 07/15/34		735		766
5.000%, 11/15/35		2,496		2,609
5.000%, 03/15/36		2,122		2,253
5.000%, 10/15/38		560,545		595,203
5.000%, 02/15/39		84,394		89,657
5.000%, 03/15/39		133,711		141,979
5.000%, 04/15/39		905,285		961,994
5.000%, 05/15/39		2,820,718		2,995,809
Agency Sponsored Mortgage - Backed—(Continued)
Ginnie Mae I 30 Yr. Pool 5.000%, 06/15/39		921,342		978,195
5.000%, 09/15/39		292,772		311,073
5.000%, 05/15/40		30,140		32,003
5.000%, 09/15/40		316,609		334,820
5.000%, 12/15/40		23,396		24,846
5.000%, 07/15/41		12,512		13,037
5.000%, 09/15/47		287,794		300,182
5.000%, TBA (a)		15,000,000		15,615,234
7.000%, 10/15/23		1,894		1,946
7.500%, 01/15/26		2,414		2,542
Ginnie Mae II 30 Yr. Pool 3.500%, TBA (a)		10,000,000		9,943,555
4.000%, TBA (a)		39,500,000		40,167,333
Ginnie Mae II ARM Pool 2.750%, 1Y CMT + 1.500%, 08/20/27 (b)		52,588		53,530
2.750%, 1Y CMT + 1.500%, 09/20/27 (b)		57,106		57,041
2.750%, 1Y CMT + 1.500%, 07/20/29 (b)		6,301		6,504
2.750%, 1Y CMT + 1.500%, 08/20/29 (b)		6,962		7,186
2.750%, 1Y CMT + 1.500%, 09/20/29 (b)		10,005		10,173
2.750%, 1Y CMT + 1.500%, 08/20/31 (b)		2,102		2,174
2.750%, 1Y CMT + 1.500%, 07/20/32 (b)		5,353		5,448
2.750%, 1Y CMT + 1.500%, 09/20/33 (b)		36,879		38,202
3.125%, 1Y CMT + 1.500%, 11/20/26 (b)		11,303		11,317
3.125%, 1Y CMT + 1.500%, 11/20/27 (b)		12,614		12,905
3.125%, 1Y CMT + 1.500%, 10/20/28 (b)		7,382		7,505
3.125%, 1Y CMT + 1.500%, 10/20/29 (b)		4,901		5,063
3.125%, 1Y CMT + 1.500%, 10/20/30 (b)		2,588		2,653
3.125%, 1Y CMT + 1.500%, 11/20/30 (b)		26,525		27,150
3.375%, 1Y CMT + 1.500%, 02/20/22 (b)		5,156		5,157
3.375%, 1Y CMT + 1.500%, 01/20/23 (b)		8,361		8,491
3.375%, 1Y CMT + 1.500%, 02/20/26 (b)		6,824		6,997
3.375%, 1Y CMT + 1.500%, 01/20/27 (b)		3,137		3,196
3.375%, 1Y CMT + 1.500%, 02/20/27 (b)		1,614		1,607
3.375%, 1Y CMT + 1.500%, 02/20/28 (b)		9,914		10,067
3.375%, 1Y CMT + 1.500%, 03/20/28 (b)		9,651		9,936
3.375%, 1Y CMT + 1.500%, 01/20/30 (b)		25,008		25,808
3.375%, 1Y CMT + 1.500%, 03/20/32 (b)		391		405
3.375%, 1Y CMT + 1.500%, 03/20/33 (b)		3,619		3,747
3.625%, 1Y CMT + 1.500%, 04/20/22 (b)		327		325
3.625%, 1Y CMT + 1.500%, 05/20/26 (b)		11,695		11,731
3.625%, 1Y CMT + 1.500%, 06/20/27 (b)		3,620		3,722
3.625%, 1Y CMT + 1.500%, 05/20/28 (b)		4,028		4,148
3.625%, 1Y CMT + 1.500%, 04/20/29 (b)		4,871		4,867
3.625%, 1Y CMT + 1.500%, 05/20/29 (b)		6,476		6,676
3.625%, 1Y CMT + 1.500%, 04/20/30 (b)		12,481		12,882
3.625%, 1Y CMT + 1.500%, 05/20/30 (b)		22,138		22,847
3.625%, 1Y CMT + 1.500%, 06/20/30 (b)		7,680		7,919
3.625%, 1Y CMT + 1.500%, 04/20/31 (b)		7,330		7,329
3.625%, 1Y CMT + 2.000%, 10/20/31 (b)		5,172		5,187
3.625%, 1Y CMT + 1.500%, 04/20/32 (b)		5,467		5,552
3.625%, 1Y CMT + 1.500%, 05/20/32 (b)		10,015		10,136
Government National Mortgage Association (CMO) 2.420%, 1M LIBOR + 0.340%, 12/20/62 (b)		293,485		293,121
2.458%, 1M LIBOR + 0.300%, 01/16/31 (b)		20,268		20,294
2.680%, 1M LIBOR + 0.600%, 08/20/65 (b)		3,543,710		3,565,632

BHFTI-304

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

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

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Government National Mortgage Association (CMO) 2.680%, 1M LIBOR + 0.600%, 10/20/65 (b)		9,278,077	$	9,328,357
2.730%, 1M LIBOR + 0.650%, 06/20/66 (b)		6,772,398		6,806,007
2.930%, 1M LIBOR + 0.850%, 09/20/66 (b)		9,402,542		9,569,325
3.080%, 1M LIBOR + 1.000%, 12/20/65 (b)		24,549,125		25,098,109
3.080%, 1M LIBOR + 1.000%, 01/20/67 (b)		11,514,134		11,793,260
3.628%, 12M LIBOR + 0.080%, 09/20/67 (b)		9,960,298		10,288,758
4.832%, 09/20/66 (b)		12,043,699		13,212,061
				3,434,754,019
U.S. Treasury—19.5%
U.S. Treasury Bonds 2.750%, 08/15/42 (d)		39,000,000		36,111,562
2.750%, 11/15/42 (d)		63,400,000		58,647,476
2.875%, 05/15/43 (d)		83,700,000		79,109,578
3.000%, 05/15/42		19,500,000		18,883,770
3.000%, 11/15/44 (d)		50,400,000		48,630,094
3.000%, 02/15/48 (d)		23,600,000		22,702,094
3.125%, 02/15/42		15,800,000		15,636,445
3.125%, 02/15/43 (d)		20,000,000		19,753,125
3.125%, 08/15/44 (d)		116,300,000		114,778,105
3.625%, 08/15/43 (d)		21,900,000		23,488,605
3.750%, 11/15/43 (d)		28,100,000		30,758,524
4.250%, 05/15/39		9,600,000		11,191,875
4.375%, 11/15/39 (d)		57,100,000		67,734,875
4.375%, 05/15/40		11,900,000		14,135,898
4.500%, 08/15/39		15,100,000		18,187,242
4.625%, 02/15/40		12,800,000		15,692,000
U.S. Treasury Inflation Indexed Bond 0.875%, 02/15/47 (d) (e)		4,489,071		4,291,564
U.S. Treasury Notes 1.375%, 03/31/20 (f) (g) (i)		22,000,000		21,553,125
1.750%, 09/30/22 (f) (g) (h) (i) (j)		20,400,000		19,496,344
1.875%, 07/31/22 (d) (f) (g)		102,600,000		98,724,445
1.875%, 08/31/22 (d) (f) (g) (h) (i) (j)		31,200,000		29,991,000
2.000%, 10/31/22 (d) (f) (g)		3,300,000		3,182,180
2.125%, 07/31/24 (d) (f) (g) (h) (i)		24,800,000		23,666,563
2.125%, 09/30/24 (d) (f) (h) (i)		139,700,000		133,118,820
2.250%, 11/15/24 (d) (g) (i)		114,200,000		109,453,562
2.250%, 08/15/27 (d)		24,360,000		22,847,967
2.375%, 05/15/27 (d)		34,900,000		33,140,004
				1,094,906,842
Total U.S. Treasury & Government Agencies (Cost $4,617,898,171)				4,529,660,861
Corporate Bonds & Notes—43.4%
Aerospace/Defense—0.4%
United Technologies Corp. 3.100%, 06/01/22		8,417,000		8,286,551
3.650%, 08/16/23		14,900,000		14,825,916
				23,112,467
Agriculture—0.5%
BAT Capital Corp. 2.297%, 08/14/20 (144A)		3,000,000		2,939,812
2.764%, 08/15/22 (144A)		10,600,000		10,212,591
3.222%, 08/15/24 (144A)		6,300,000		6,003,126
3.557%, 08/15/27 (144A)		3,700,000		3,443,704
BAT International Finance plc 2.750%, 06/15/20 (144A)		3,200,000		3,166,513
Reynolds American, Inc. 6.875%, 05/01/20		4,400,000		4,637,770
				30,403,516
Airlines—0.1%
Latam Airlines Pass-Through Trust 4.200%, 11/15/27		2,994,603		2,882,305
4.500%, 11/15/23		2,219,495		2,147,362
				5,029,667
Auto Manufacturers—1.7%
Ford Motor Credit Co. LLC 2.943%, 01/08/19		10,000,000		10,010,195
3.157%, 08/04/20		2,300,000		2,277,609
3.200%, 01/15/21		5,000,000		4,925,602
3.296%, 3M LIBOR + 0.930%, 09/24/20 (b)		14,000,000		14,015,853
3.549%, 3M LIBOR + 1.235%, 02/15/23 (b)		13,000,000		12,927,876
General Motors Financial Co., Inc. 2.450%, 11/06/20		12,100,000		11,858,823
3.150%, 01/15/20		12,300,000		12,278,740
3.200%, 07/13/20		18,300,000		18,245,832
3.550%, 04/09/21		7,090,000		7,086,745
				93,627,275
Banks—22.9%
ABN AMRO Bank NV 3.400%, 08/27/21 (144A)		14,900,000		14,840,981
Australia & New Zealand Banking Group, Ltd. 2.772%, 3M LIBOR + 0.460%, 05/17/21 (144A) (b)		14,100,000		14,128,823
3.300%, 05/17/21		14,400,000		14,335,554
Banco Bilbao Vizcaya Argentaria S.A. 7.000%, 5Y EUR Swap + 6.155%, 02/19/19 (EUR) (b)		1,000,000		1,182,344
Banco Espirito Santo S.A. 2.625%, 05/08/17 (EUR) (k) (l)		1,700,000		592,136
4.750%, 01/15/18 (EUR) (k) (l)		3,100,000		1,034,786
Bank of America Corp. 2.650%, 04/01/19		5,000,000		5,000,418
2.987%, 3M LIBOR + 0.650%, 10/01/21 (b)		18,000,000		18,108,360
3.342%, 3M LIBOR + 1.000%, 04/24/23 (b)		18,000,000		18,239,760
3.550%, 3M LIBOR + 0.780%, 03/05/24 (b)		6,600,000		6,522,625
4.125%, 01/22/24		2,130,000		2,163,395
Barclays Bank plc 7.625%, 11/21/22		1,500,000		1,626,000
10.179%, 06/12/21 (144A)		17,900,000		20,390,097
14.000%, 3M GBP LIBOR + 13.400%, 06/15/19 (GBP) (b)		600,000		844,603

BHFTI-305

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
Barclays plc 2.375%, 1Y GBP Swap + 1.320%, 10/06/23 (GBP) (b)		2,600,000	$	3,315,439
3.125%, 01/17/24 (GBP)		4,400,000		5,701,165
3.200%, 08/10/21		5,000,000		4,908,330
3.250%, 02/12/27 (GBP)		1,800,000		2,276,030
4.451%, 3M LIBOR + 2.110%, 08/10/21 (b)		6,400,000		6,637,724
6.500%, 5Y EUR Swap + 5.875%, 09/15/19 (EUR) (b)		8,600,000		10,284,585
7.000%, 5Y GBP Swap + 5.084%, 09/15/19 (GBP) (b)		1,000,000		1,314,805
7.750%, 5Y USD Swap + 4.842%, 09/15/23 (b)		5,600,000		5,614,000
8.250%, 5Y USD Swap + 6.705%, 12/15/18 (b)		2,300,000		2,320,125
BBVA Bancomer S.A. 6.500%, 03/10/21 (144A)		7,800,000		8,147,100
BNP Paribas S.A. 3.500%, 03/01/23 (144A)		14,400,000		14,043,132
BPCE S.A. 4.000%, 09/12/23 (144A) (m)		17,000,000		16,771,673
Capital One Financial Corp. 2.400%, 10/30/20		14,700,000		14,391,691
2.789%, 3M LIBOR + 0.450%, 10/30/20 (b)		14,900,000		14,869,988
4.250%, 04/30/25		10,000,000		9,954,774
CIT Group, Inc. 4.125%, 03/09/21		11,500,000		11,537,375
5.250%, 03/07/25		11,000,000		11,220,000
Citibank N.A. 2.663%, 3M LIBOR + 0.320%, 05/01/20 (b)		20,300,000		20,333,410
3.050%, 05/01/20		20,300,000		20,252,295
3.400%, 07/23/21		14,800,000		14,795,989
Citigroup, Inc. 3.027%, 3M LIBOR + 0.690%, 10/27/22 (b)		10,600,000		10,605,212
3.295%, 3M LIBOR + 0.960%, 04/25/22 (b)		18,000,000		18,179,429
Compass Bank 3.061%, 3M LIBOR + 0.730%, 06/11/21 (b)		14,400,000		14,427,511
Cooperatieve Rabobank UA 4.750%, 01/15/20 (144A)		1,700,000		1,732,468
5.500%, 5Y EUR Swap + 5.250%, 06/29/20 (EUR) (b)		5,000,000		6,110,609
6.625%, 5Y EUR Swap + 6.697%, 06/29/21 (EUR) (b)		600,000		772,863
Credit Suisse Group AG 3.574%, 3M LIBOR + 1.240%, 06/12/24 (144A) (b)		10,400,000		10,458,760
4.207%, 3M LIBOR + 1.240%, 06/12/24 (144A) (b)		15,700,000		15,642,252
7.250%, 5Y USD Swap + 4.332%, 09/12/25 (144A) (b) (m)		5,500,000		5,520,625
Credit Suisse Group Funding Guernsey, Ltd. 3.750%, 03/26/25		5,710,000		5,504,969
3.800%, 09/15/22		18,300,000		18,197,087
3.800%, 06/09/23		12,100,000		11,958,565
Deutsche Bank AG 2.700%, 07/13/20		17,200,000		16,847,912
3.150%, 01/22/21		8,200,000		8,012,337
3.300%, 11/16/22		9,500,000		9,034,076
3.375%, 05/12/21		30,500,000		29,936,567
4.250%, 10/14/21		7,700,000		7,664,588
Banks—(Continued)
Dexia Credit Local S.A. 2.375%, 09/20/22 (144A)		27,100,000		26,155,751
Goldman Sachs Bank USA 3.200%, 06/05/20		5,000,000		5,013,234
Goldman Sachs Group, Inc. (The) 2.876%, 3M LIBOR + 0.821%, 10/31/22 (b)		13,700,000		13,366,515
3.134%, 3M LIBOR + 0.800%, 12/13/19 (b)		1,200,000		1,207,818
3.200%, 02/23/23		15,100,000		14,765,627
3.750%, 05/22/25		5,375,000		5,265,327
HSBC Holdings plc 2.922%, 3M LIBOR + 0.600%, 05/18/21 (b)		13,900,000		13,926,920
3.033%, 3M LIBOR + 0.923%, 11/22/23 (b)		17,100,000		16,511,858
3.322%, 3M LIBOR + 1.000%, 05/18/24 (b)		9,500,000		9,483,141
3.400%, 03/08/21		14,900,000		14,863,329
3.837%, 3M LIBOR + 1.500%, 01/05/22 (b)		18,400,000		18,881,877
4.567%, 3M LIBOR + 2.240%, 03/08/21 (b)		9,600,000		10,013,117
ING Bank NV 2.500%, 10/01/19 (144A)		2,100,000		2,088,226
ING Groep NV 4.100%, 10/02/23		14,000,000		13,988,442
JPMorgan Chase & Co. 2.250%, 01/23/20		12,300,000		12,173,799
2.947%, 3M LIBOR + 0.610%, 06/18/22 (b)		17,200,000		17,235,619
3.235%, 3M LIBOR + 0.900%, 04/25/23 (b)		8,000,000		8,073,816
3.417%, 3M LIBOR + 1.100%, 06/07/21 (b)		17,000,000		17,338,980
3.514%, 3M LIBOR + 0.610%, 06/18/22 (b)		17,200,000		17,216,643
3.797%, 3M LIBOR + 0.890%, 07/23/24 (b)		14,400,000		14,388,673
JPMorgan Chase Bank N.A. 2.675%, 3M LIBOR + 0.340%, 04/26/21 (b)		25,000,000		25,022,622
Lloyds Bank plc 3.300%, 05/07/21		12,900,000		12,848,354
7.500%, 04/02/32 (l) (n)		13,000,000		9,973,639
Lloyds Banking Group plc 4.050%, 08/16/23		14,900,000		14,787,022
6.375%, 5Y EUR Swap + 5.290%, 06/27/20 (EUR) (b)		3,800,000		4,665,681
7.000%, 5Y GBP Swap + 5.060%, 06/27/19 (GBP) (b)		6,200,000		8,204,028
7.625%, 5Y GBP Swap + 5.010%, 06/27/23 (GBP) (b)		11,400,000		16,066,038
Mitsubishi UFJ Financial Group, Inc. 3.455%, 03/02/23		17,700,000		17,467,240
Mizuho Bank, Ltd. 2.150%, 10/20/18 (144A)		7,200,000		7,197,672
3.538%, 3M LIBOR + 1.190%, 10/20/18 (144A) (b)		11,800,000		11,806,667
Morgan Stanley & Co. LLC 3.737%, 3M LIBOR + 0.847%, 04/24/24 (b)		17,500,000		17,376,024
National Australia Bank, Ltd. 3.625%, 06/20/23		14,800,000		14,718,289
Nykredit Realkredit A/S 1.000%, 10/01/18 (DKK)		93,300,000		14,518,987
Oversea-Chinese Banking Corp., Ltd. 2.762%, 3M LIBOR + 0.450%, 05/17/21 (144A) (b)		11,500,000		11,524,138
Regions Bank 3.374%, 3M LIBOR + 0.500%, 08/13/21 (b)		14,600,000		14,555,711

BHFTI-306

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
Royal Bank of Scotland Group plc 2.500%, 03/22/23 (EUR)		10,000,000	$	12,156,593
5.500%, 12/31/18 (EUR)		12,200,000		14,307,880
8.000%, 5Y USD Swap + 5.720%, 08/10/25 (b)		1,000,000		1,059,380
Santander UK Group Holdings plc 2.875%, 10/16/20		1,800,000		1,775,624
3.373%, 3M LIBOR + 1.080%, 01/05/24 (b)		3,900,000		3,748,155
3.823%, 3M LIBOR + 1.400%, 11/03/28 (b)		1,300,000		1,190,379
Skandinaviska Enskilda Banken AB 3.250%, 05/17/21 (144A)		14,600,000		14,504,093
Societe Generale S.A. 2.625%, 09/16/20 (144A)		300,000		295,518
4.250%, 09/14/23 (144A) (m)		13,900,000		13,850,153
8.250%, 5Y USD Swap + 6.394%, 11/29/18 (b)		1,600,000		1,610,080
Standard Chartered plc 4.247%, 3M LIBOR + 1.150%, 01/20/23 (144A) (b) (m)		14,300,000		14,285,443
Sumitomo Mitsui Banking Corp. 2.514%, 01/17/20		14,900,000		14,781,747
2.643%, 3M LIBOR + 0.310%, 10/18/19 (b)		14,300,000		14,317,017
Sumitomo Mitsui Financial Group, Inc. 2.934%, 03/09/21		15,100,000		14,895,769
Sumitomo Mitsui Trust Bank, Ltd. 2.050%, 03/06/19 (144A)		10,000,000		9,972,130
Svenska Handelsbanken AB 3.350%, 05/24/21		15,000,000		14,974,944
Synchrony Bank 3.650%, 05/24/21		14,900,000		14,766,221
Toronto-Dominion Bank (The) 2.500%, 01/18/22 (144A)		20,600,000		20,041,253
U.S. Bank N.A. 3.150%, 04/26/21		17,400,000		17,366,437
UBS AG 2.450%, 12/01/20 (144A)		9,700,000		9,498,832
2.631%, 3M LIBOR + 0.320%, 05/28/19 (144A) (b)		6,000,000		6,008,304
2.637%, 3M LIBOR + 0.320%, 12/07/18 (144A) (b)		11,600,000		11,603,294
2.907%, 3M LIBOR + 0.580%, 06/08/20 (144A) (b)		15,800,000		15,863,326
3.171%, 3M LIBOR + 0.850%, 06/01/20 (b)		4,000,000		4,037,097
7.625%, 08/17/22		3,600,000		4,010,400
UBS Group Funding Switzerland AG 3.000%, 04/15/21 (144A)		14,000,000		13,791,379
4.125%, 04/15/26 (144A)		10,200,000		10,110,307
Wells Fargo & Co. 3.000%, 02/19/25		11,200,000		10,606,720
6.104%, 3M LIBOR + 3.770%, 12/15/18 (b)		11,300,000		11,451,872
Wells Fargo Bank N.A. 3.325%, 3M LIBOR + 0.490%, 07/23/21 (b)		14,600,000		14,582,410
Westpac Banking Corp. 3.050%, 05/15/20		14,700,000		14,684,023
				1,287,142,946
Beverages—0.3%
Anheuser-Busch InBev Finance, Inc. 3.300%, 02/01/23		1,400,000		1,382,135
Keurig Dr Pepper, Inc. 4.057%, 05/25/23 (144A) (m)		14,600,000		14,617,973
Beverages—(Continued)
Pernod Ricard S.A. 4.250%, 07/15/22 (144A)		1,450,000		1,473,205
4.450%, 01/15/22 (144A)		1,700,000		1,733,778
				19,207,091
Biotechnology—0.0%
Baxalta, Inc. 2.875%, 06/23/20		477,000		473,029
Building Materials—0.0%
Holcim U.S. Finance Sarl & Cie SCS 6.000%, 12/30/19 (144A)		1,500,000		1,547,074
Chemicals—0.1%
International Flavors & Fragrances, Inc. 3.400%, 09/25/20		8,200,000		8,209,020
Commercial Services—0.2%
ERAC USA Finance LLC 2.350%, 10/15/19 (144A)		10,138,000		10,074,642
Computers—0.9%
Apple, Inc. 2.900%, 09/12/27		300,000		282,547
3.000%, 06/20/27		15,000,000		14,265,159
Dell International LLC / EMC Corp. 4.420%, 06/15/21 (144A)		17,700,000		17,962,231
5.450%, 06/15/23 (144A)		9,600,000		10,083,605
EMC Corp. 2.650%, 06/01/20		4,090,000		4,015,446
Hewlett Packard Enterprise Co. 2.850%, 10/05/18		5,864,000		5,864,210
				52,473,198
Diversified Financial Services—3.6%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust 3.300%, 01/23/23		3,600,000		3,467,758
4.125%, 07/03/23		6,300,000		6,252,231
4.450%, 10/01/25		15,000,000		14,835,814
4.625%, 10/30/20 (o)		3,600,000		3,668,508
Aircastle, Ltd. 5.500%, 02/15/22		2,198,000		2,284,277
Ally Financial, Inc. 3.500%, 01/27/19		2,600,000		2,600,000
3.750%, 11/18/19		1,700,000		1,693,625
4.125%, 03/30/20		300,000		301,125
American Express Co. 3.375%, 05/17/21		14,200,000		14,206,847
B3 S.A. Brasil Bolsa Balcao 5.500%, 07/16/20		1,000,000		1,018,750
Blackstone CQP Holdco L.P. 6.000%, 08/18/21 (144A) (m)		10,700,000		10,698,783
6.500%, 03/20/21 (144A) (m)		20,700,000		20,760,717
Daiwa Securities Group, Inc. 3.129%, 04/19/22 (144A)		17,900,000		17,449,119

BHFTI-307

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Diversified Financial Services—(Continued)
Emerald Bay S.A. Zero Coupon, 10/08/20 (144A) (EUR)		3,294,000	$	3,595,030
Intercontinental Exchange, Inc. 2.350%, 09/15/22		12,500,000		11,983,834
International Lease Finance Corp. 4.625%, 04/15/21		2,000,000		2,040,450
Jefferies Finance LLC / JFIN Co-Issuer Corp. 7.375%, 04/01/20 (144A)		500,000		508,125
LeasePlan Corp. NV 2.875%, 01/22/19 (144A)		17,600,000		17,586,681
Navient Corp. 4.875%, 06/17/19		700,000		704,900
5.500%, 01/15/19		1,500,000		1,507,500
5.875%, 03/25/21		500,000		511,625
8.000%, 03/25/20		1,500,000		1,585,500
Nordea Kredit Realkreditaktieselskab 1.000%, 10/01/18 (144A) (DKK)		140,600,000		21,879,653
NTT Finance Corp. 1.900%, 07/21/21		7,500,000		7,189,897
Piper Jaffray Cos. 5.060%, 10/09/18 (144A) (m)		5,000,000		5,001,774
Springleaf Finance Corp. 6.125%, 05/15/22		9,100,000		9,357,075
6.875%, 03/15/25		11,800,000		11,794,100
8.250%, 12/15/20		7,000,000		7,621,250
				202,104,948
Electric—2.0%
Consolidated Edison, Inc. 2.773%, 3M LIBOR + 0.400%, 06/25/21 (b)		5,000,000		5,026,500
Enel Finance International NV 2.875%, 05/25/22 (144A)		9,000,000		8,558,699
4.250%, 09/14/23 (144A) (m)		14,900,000		14,691,044
Eversource Energy 2.750%, 03/15/22		6,100,000		5,969,367
FirstEnergy Corp. 3.900%, 07/15/27		1,300,000		1,263,939
IPALCO Enterprises, Inc. 3.450%, 07/15/20		6,500,000		6,469,190
NextEra Energy Capital Holdings, Inc. 2.400%, 09/15/19		4,192,000		4,169,158
2.711%, 3M LIBOR + 0.400%, 08/21/20 (b)		17,100,000		17,111,755
Pacific Gas & Electric Co. 4.250%, 08/01/23 (144A) (m)		14,300,000		14,370,467
Sempra Energy 2.784%, 3M LIBOR + 0.450%, 03/15/21 (b)		17,600,000		17,582,656
Southern Co. (The) 2.350%, 07/01/21		5,812,000		5,635,299
Southern Power Co. 1.950%, 12/15/19		10,900,000		10,751,038
				111,599,112
Electronics—0.1%
Arrow Electronics, Inc. 3.250%, 09/08/24		6,150,000		5,811,429

Security Description	Principal Amount*		Value
Entertainment—0.1%
GLP Capital L.P. / GLP Financing II, Inc. 5.250%, 06/01/25		5,000,000	$	5,079,050
Food—1.1%
Campbell Soup Co. 2.500%, 08/02/22		3,680,000		3,490,415
2.834%, 3M LIBOR + 0.490%, 03/16/20 (b)		10,945,000		10,931,989
2.964%, 3M LIBOR + 0.630%, 03/15/21 (b)		10,233,000		10,232,512
Danone S.A. 2.077%, 11/02/21 (144A)		13,943,000		13,344,071
2.589%, 11/02/23 (144A)		3,858,000		3,628,150
Kraft Heinz Foods Co. 2.800%, 07/02/20		1,700,000		1,685,490
Mondelez International, Inc. 3.000%, 05/07/20		7,200,000		7,180,359
3.625%, 05/07/23		11,500,000		11,441,601
				61,934,587
Healthcare-Products—0.3%
Becton Dickinson & Co. 2.133%, 06/06/19		12,000,000		11,928,985
Boston Scientific Corp. 6.000%, 01/15/20		4,337,000		4,488,256
				16,417,241
Home Builders—0.2%
DR Horton, Inc. 4.000%, 02/15/20		7,800,000		7,846,862
4.375%, 09/15/22		4,700,000		4,762,821
				12,609,683
Housewares—0.1%
Newell Brands, Inc. 3.850%, 04/01/23		7,400,000		7,241,694
Insurance—0.5%
Ambac Assurance Corp. 5.100%, 06/07/20 (144A)		144		196
Ambac LSNI LLC 7.396%, 3M LIBOR + 5.000%, 02/12/23 (144A) (b)		1,005,797		1,015,855
AXA Equitable Holdings, Inc. 3.900%, 04/20/23 (144A)		10,000,000		9,925,167
Guardian Life Global Funding 3.400%, 04/25/23 (144A)		14,600,000		14,439,659
				25,380,877
Internet—0.3%
Amazon.com, Inc. 3.150%, 08/22/27		10,500,000		10,055,623
Booking Holdings, Inc. 2.750%, 03/15/23		4,600,000		4,406,879
				14,462,502

BHFTI-308

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Lodging—0.4%
Hyatt Hotels Corp. 4.850%, 03/15/26		2,700,000	$	2,784,772
Sands China, Ltd. 4.600%, 08/08/23 (144A)		16,000,000		15,995,583
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp. 4.250%, 05/30/23 (144A)		3,800,000		3,633,750
				22,414,105
Media—0.6%
CBS Radio, Inc. 7.250%, 11/01/24 (144A)		4,000,000		3,843,920
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. 4.464%, 07/23/22		14,229,000		14,464,740
CSC Holdings LLC 5.375%, 02/01/28 (144A)		3,800,000		3,629,000
Time Warner Cable LLC 4.000%, 09/01/21		1,000,000		1,005,996
Virgin Media Secured Finance plc 5.125%, 01/15/25 (GBP)		2,000,000		2,666,757
5.500%, 01/15/25 (GBP)		2,700,000		3,607,160
Warner Media LLC 3.400%, 06/15/22		1,800,000		1,780,106
				30,997,679
Miscellaneous Manufacturing—0.4%
General Electric Co. 5.000%, 3M LIBOR + 3.330%, 01/21/21 (b)		7,600,000		7,409,050
Textron, Inc. 2.891%, 3M LIBOR + 0.550%, 11/10/20 (b)		14,400,000		14,386,653
				21,795,703
Oil & Gas—0.2%
BG Energy Capital plc 4.000%, 10/15/21 (144A)		1,300,000		1,318,068
Continental Resources, Inc. 5.000%, 09/15/22		800,000		811,600
Petrobras Global Finance B.V. 6.125%, 01/17/22		2,715,000		2,802,830
Pioneer Natural Resources Co. 7.500%, 01/15/20		1,500,000		1,578,907
Rio Oil Finance Trust 9.250%, 07/06/24 (144A)		2,763,192		2,934,814
				9,446,219
Pharmaceuticals—1.0%
AbbVie, Inc. 2.850%, 05/14/23		3,000,000		2,887,702
3.200%, 05/14/26		1,300,000		1,210,061
3.600%, 05/14/25		700,000		677,289
Allergan Funding SCS 3.450%, 03/15/22		4,900,000		4,868,844
Bayer U.S. Finance LLC 3.344%, 3M LIBOR + 1.010%, 12/15/23 (144A) (b)		17,400,000		17,429,670

Security Description	Principal Amount*		Value
Pharmaceuticals—(Continued)
CVS Health Corp. 2.750%, 12/01/22		2,900,000	$	2,796,304
3.350%, 03/09/21		2,900,000		2,894,483
4.300%, 03/25/28		5,000,000		4,950,656
4.750%, 12/01/22		3,300,000		3,417,365
CVS Pass-Through Trust 6.943%, 01/10/30		764,825		853,283
Shire Acquisitions Investments Ireland DAC 1.900%, 09/23/19		13,200,000		13,059,160
2.400%, 09/23/21		1,900,000		1,835,685
				56,880,502
Pipelines—0.4%
Andeavor Logistics L.P. / Tesoro Logistics Finance Corp. 5.500%, 10/15/19		5,800,000		5,908,866
Enbridge, Inc. 3.034%, 3M LIBOR + 0.700%, 06/15/20 (b)		11,500,000		11,541,971
Plains All American Pipeline L.P. / PAA Finance Corp. 4.500%, 12/15/26		1,200,000		1,198,248
Sabine Pass Liquefaction LLC 5.875%, 06/30/26		1,255,000		1,354,874
Sunoco Logistics Partners Operations .LP. 5.950%, 12/01/25		1,800,000		1,935,034
				21,938,993
Real Estate—0.2%
CPI Property Group S.A. 2.125%, 10/04/24 (EUR)		3,800,000		4,371,327
Ontario Teachers’ Cadillac Fairview Properties Trust 3.125%, 03/20/22 (144A)		1,200,000		1,176,499
3.875%, 03/20/27 (144A)		1,700,000		1,668,546
Tesco Property Finance 6 plc 5.411%, 07/13/44 (GBP)		1,065,822		1,534,109
WEA Finance LLC 3.150%, 04/05/22 (144A)		4,770,000		4,676,592
				13,427,073
Real Estate Investment Trusts—2.3%
American Campus Communities Operating Partnership L.P. 3.625%, 11/15/27		2,200,000		2,056,164
American Homes 4 Rent L.P. 4.250%, 02/15/28		1,900,000		1,816,675
Brixmor Operating Partnership L.P. 3.900%, 03/15/27		6,000,000		5,682,252
4.125%, 06/15/26		5,500,000		5,329,842
CBL & Associates L.P. 5.950%, 12/15/26		7,200,000		5,976,000
Digital Realty Trust L.P. 3.400%, 10/01/20		5,300,000		5,305,041
4.750%, 10/01/25		8,000,000		8,198,014
Goodman U.S. Finance Three LLC 3.700%, 03/15/28 (144A)		10,800,000		10,088,929
Hospitality Properties Trust 4.375%, 02/15/30		11,490,000		10,528,647

BHFTI-309

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Real Estate Investment Trusts—(Continued)
Omega Healthcare Investors, Inc. 4.750%, 01/15/28 (o)		8,900,000	$	8,638,911
Public Storage 2.370%, 09/15/22		2,500,000		2,401,210
3.094%, 09/15/27		15,500,000		14,488,450
Realty Income Corp. 3.875%, 04/15/25		10,700,000		10,608,744
Senior Housing Properties Trust 4.750%, 02/15/28		9,600,000		9,277,664
Simon Property Group L.P. 2.750%, 06/01/23		18,690,000		18,014,095
UDR, Inc. 3.500%, 07/01/27		1,900,000		1,795,781
Welltower, Inc. 4.250%, 04/01/26		10,300,000		10,262,949
				130,469,368
Retail—0.3%
McDonald’s Corp. 2.769%, 3M LIBOR + 0.430%, 10/28/21 (b)		14,300,000		14,336,777
Savings & Loans—0.2%
Nationwide Building Society 4.363%, 3M LIBOR + 1.392%, 08/01/24 (144A) (b)		9,390,000		9,337,855
Software—0.3%
Oracle Corp. 1.900%, 09/15/21		6,000,000		5,790,318
VMware, Inc. 2.300%, 08/21/20		13,600,000		13,331,684
				19,122,002
Telecommunications—1.3%
AT&T, Inc. 2.989%, 3M LIBOR + 0.650%, 01/15/20 (b)		11,900,000		11,953,550
3.071%, 3M LIBOR + 0.750%, 06/01/21 (b)		16,900,000		17,051,593
3.289%, 3M LIBOR + 0.950%, 07/15/21 (b)		14,900,000		15,076,610
3.514%, 3M LIBOR + 1.180%, 06/12/24 (b)		14,200,000		14,263,900
Verizon Communications, Inc. 3.376%, 02/15/25		16,266,000		15,820,631
3.500%, 11/01/24		1,100,000		1,085,092
				75,251,376
Transportation—0.0%
AP Moller - Maersk A/S 2.875%, 09/28/20 (144A)		1,800,000		1,773,090
Trucking & Leasing—0.4%
Aviation Capital Group LLC 4.125%, 08/01/25 (144A)		11,500,000		11,291,571
Park Aerospace Holdings, Ltd. 4.500%, 03/15/23 (144A)		9,000,000		8,786,250
				20,077,821
Total Corporate Bonds & Notes (Cost $2,457,256,423)				2,441,209,611

Asset-Backed Securities—18.6%
Security Description	Principal Amount*		Value
Asset-Backed - Automobile—2.3%
Ally Auto Receivables Trust 2.720%, 05/17/21		17,200,000	$	17,193,524
Ally Master Owner Trust 2.478%, 1M LIBOR + 0.320%, 07/15/22 (b)		17,200,000		17,242,847
AmeriCredit Automobile Receivables Trust 1.510%, 05/18/20		632,278		631,785
2.395%, 3M LIBOR + 0.230%, 07/19/21 (b)		5,400,000		5,401,604
2.450%, 05/20/19		1,928,341		1,928,275
Chesapeake Funding II LLC 2.528%, 3M LIBOR + 0.370%, 08/15/30 (144A) (b)		17,200,000		17,212,842
3.230%, 08/15/30 (144A)		11,500,000		11,491,054
Credit Acceptance Auto Loan Trust 3.470%, 05/17/27 (144A)		11,500,000		11,491,267
Exeter Automobile Receivables Trust 1.960%, 03/15/21 (144A)		1,633,112		1,630,650
Flagship Credit Auto Trust 1.930%, 12/15/21 (144A)		4,886,641		4,873,780
GM Financial Consumer Automobile Receivables Trust 2.740%, 07/16/21		17,200,000		17,193,106
OneMain Direct Auto Receivables Trust 3.430%, 12/16/24 (144A)		14,400,000		14,381,469
Westlake Automobile Receivables Trust 2.980%, 01/18/22 (144A)		8,600,000		8,596,010
				129,268,213
Asset-Backed - Credit Card—0.4%
Chase Issuance Trust 2.458%, 1M LIBOR + 0.300%, 01/15/22 (b)		12,000,000		12,035,761
Golden Credit Card Trust 2.558%, 1M LIBOR + 0.400%, 02/15/21 (144A) (b)		12,000,000		12,011,117
				24,046,878
Asset-Backed - Home Equity—2.6%
Accredited Mortgage Loan Trust 2.796%, 1M LIBOR + 0.580%, 07/25/34 (b)		11,583,069		11,384,623
ACE Securities Corp. Home Equity Loan Trust 2.366%, 1M LIBOR + 0.150%, 04/25/36 (b)		6,424,213		6,290,706
2.366%, 1M LIBOR + 0.150%, 07/25/36 (b)		9,418,823		4,787,740
2.686%, 1M LIBOR + 0.470%, 10/25/35 (b)		7,100,000		7,049,843
Asset-Backed Funding Certificates Trust 2.916%, 1M LIBOR + 0.700%, 06/25/34 (b)		2,034,340		2,026,979
Asset-Backed Securities Corp. Home Equity Loan Trust 2.296%, 1M LIBOR + 0.080%, 05/25/37 (b)		24,875		17,577
2.666%, 1M LIBOR + 0.450%, 11/25/35 (b)		2,000,000		1,999,665
Bear Stearns Asset-Backed Securities I Trust 2.466%, 1M LIBOR + 0.250%, 04/25/37 (b)		13,749,343		14,312,106
2.755%, 1M LIBOR + 0.460%, 02/25/36 (b)		1,000,000		973,417
3.016%, 1M LIBOR + 0.800%, 10/27/32 (b)		16,148		15,671
3.216%, 1M LIBOR + 1.000%, 10/25/37 (b)		2,888,692		2,901,275
3.221%, 1M LIBOR + 1.005%, 06/25/35 (b)		7,800,000		7,802,848
Citigroup Mortgage Loan Trust
2.376%, 1M LIBOR + 0.160%, 12/25/36 (144A) (b)		8,701,942		5,693,266
2.386%, 1M LIBOR + 0.170%, 05/25/37 (b)		5,008,350		4,967,561
HSI Asset Securitization Corp. Trust 2.386%, 1M LIBOR + 0.170%, 12/25/36 (b)		10,805,327		4,093,808

BHFTI-310

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed - Home Equity—(Continued)
IXIS Real Estate Capital Trust 3.161%, 1M LIBOR + 0.945%, 02/25/35 (b)		2,936,261	$	2,894,882
MASTR Asset-Backed Securities Trust 2.266%, 1M LIBOR + 0.050%, 08/25/36 (b)		6,064,335		3,103,065
2.386%, 1M LIBOR + 0.170%, 10/25/36 (b)		5,342,324		5,230,897
Merrill Lynch Mortgage Investors Trust 2.716%, 1M LIBOR + 0.500%, 06/25/36 (b)		1,179,750		1,183,742
Morgan Stanley ABS Capital I, Inc. Trust 2.276%, 1M LIBOR + 0.060%, 05/25/37 (b)		169,902		155,200
2.366%, 1M LIBOR + 0.150%, 06/25/36 (b)		409,363		346,183
Nomura Home Equity Loan, Inc. 2.546%, 1M LIBOR + 0.330%, 11/25/35 (b)		11,000,000		9,771,923
NovaStar Mortgage Funding Trust 2.416%, 1M LIBOR + 0.200%, 09/25/37 (b)		7,742,884		7,495,841
Option One Mortgage Corp. Asset-Backed Certificates 2.856%, 1M LIBOR + 0.640%, 08/25/33 (b)		12,038		11,800
Option One Mortgage Loan Trust 2.356%, 1M LIBOR + 0.140%, 01/25/37 (b)		6,336,947		4,878,855
Renaissance Home Equity Loan Trust 3.096%, 1M LIBOR + 0.880%, 08/25/33 (b)		106,933		104,433
Residential Asset Securities Corp. Trust 2.366%, 1M LIBOR + 0.150%, 07/25/36 (b)		7,364,753		6,939,119
2.496%, 1M LIBOR + 0.280%, 06/25/36 (b)		6,000,000		5,909,943
2.796%, 1M LIBOR + 0.580%, 06/25/33 (b)		862,207		800,766
2.981%, 1M LIBOR + 0.765%, 03/25/34 (b)		1,660,631		1,662,724
Soundview Home Loan Trust 2.366%, 1M LIBOR + 0.150%, 06/25/37 (b)		4,978,257		3,746,022
2.396%, 1M LIBOR + 0.180%, 05/25/36 (b)		3,848,125		3,838,663
WaMu Asset-Backed Certificates Trust 2.441%, 1M LIBOR + 0.225%, 05/25/37 (b)		10,946,503		10,456,793
				142,847,936
Asset-Backed - Manufactured Housing—0.0%
Conseco Finance Corp. 6.220%, 03/01/30		22,250		23,355
Mid-State Trust 7.791%, 03/15/38		92,062		101,556
				124,911
Asset-Backed - Other—12.2%
Allegro CLO, Ltd. 3.559%, 3M LIBOR + 1.220%, 01/30/26 (144A) (b)		7,007,103		7,008,659
Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates 2.996%, 1M LIBOR + 0.780%, 05/25/34 (b)		4,461,780		4,466,193
Apidos CLO 3.467%, 3M LIBOR + 1.120%, 07/22/26 (144A) (b)		11,000,000		10,996,139
Argent Securities, Inc. Asset-Backed Pass-Through Certificates 2.596%, 1M LIBOR + 0.380%, 02/25/36 (b)		5,842,729		4,551,653
Avery Point CLO, Ltd. 3.453%, 3M LIBOR + 1.120%, 01/18/25 (144A) (b)		8,848,806		8,844,284
B&M CLO, Ltd. 3.069%, 1M LIBOR + 0.730%, 04/16/26 (144A) (b)		3,968,221		3,963,503
BlueMountain CLO, Ltd. 3.229%, 3M LIBOR + 0.890%, 10/29/25 (144A) (b)		4,282,843		4,281,738

Security Description	Principal Amount*		Value
Asset-Backed - Other—(Continued)
Brookside Mill CLO, Ltd. 3.156%, 3M LIBOR + 0.820%, 01/17/28 (144A) (b)		11,295,000	$	11,229,930
Catamaran CLO, Ltd. 3.733%, 3M LIBOR + 1.400%, 10/18/26 (144A) (b)		8,000,000		7,996,968
Cent CLO, Ltd. 3.435%, 3M LIBOR + 1.100%, 01/25/26 (144A) (b)		5,910,608		5,909,467
Chapel B.V. 0.341%, 3M EURIBOR + 0.660%, 11/17/64 (EUR) (b)		385,429		447,583
CIFC Funding, Ltd. 3.119%, 3M LIBOR + 0.780%, 04/15/27 (144A) (b)		15,300,000		15,242,594
3.195%, 3M LIBOR + 0.860%, 10/25/27 (144A) (b)		16,200,000		16,167,632
Citigroup Mortgage Loan Trust, Inc. 2.276%, 1M LIBOR + 0.060%, 07/25/45 (b)		324,219		266,517
Countrywide Asset-Backed Certificates 2.356%, 1M LIBOR + 0.140%, 07/25/37 (b)		11,209,859		10,257,717
2.356%, 1M LIBOR + 0.140%, 04/25/47 (b)		4,206,807		4,070,443
2.366%, 1M LIBOR + 0.150%, 05/25/37 (b)		1,231,739		1,215,786
2.366%, 1M LIBOR + 0.150%, 06/25/47 (b)		413,185		408,942
2.416%, 1M LIBOR + 0.200%, 09/25/37 (b)		6,124,410		5,401,673
2.436%, 1M LIBOR + 0.220%, 09/25/37 (b)		6,859,324		5,749,686
2.496%, 1M LIBOR + 0.280%, 09/25/36 (b)		6,709,565		6,683,585
2.776%, 1M LIBOR + 0.560%, 12/25/35 (b)		873,173		874,258
4.709%, 10/25/46 (b)		5,300,079		5,097,271
4.795%, 10/25/32 (b)		9,960,653		8,950,469
Credit Suisse Mortgage Trust 4.500%, 03/25/21		9,195,593		9,281,031
CVP Cascade CLO-1, Ltd. 3.489%, 3M LIBOR + 1.150%, 01/16/26 (144A) (b)		6,058,135		6,055,045
CWABS Asset-Backed Certificates Trust 2.356%, 1M LIBOR + 0.140%, 02/25/37 (b)		4,079,419		3,821,185
2.366%, 1M LIBOR + 0.150%, 09/25/46 (b)		4,172,573		4,136,390
2.366%, 1M LIBOR + 0.150%, 03/25/47 (b)		1,578,817		1,541,818
2.916%, 1M LIBOR + 0.700%, 11/25/35 (b)		10,000,000		9,980,017
Dorchester Park CLO DAC 3.248%, 3M LIBOR + 0.900%, 04/20/28 (144A) (b)		9,500,000		9,461,078
Emerson Park CLO, Ltd. 3.319%, 3M LIBOR + 0.980%, 07/15/25 (144A) (b)		2,291,264		2,290,189
Figueroa CLO, Ltd. 3.188%, 3M LIBOR + 0.850%, 06/20/27 (144A) (b)		14,300,000		14,260,503
3.239%, 3M LIBOR + 0.900%, 01/15/27 (144A) (b)		14,400,000		14,392,685
First Franklin Mortgage Loan Trust 2.356%, 1M LIBOR + 0.140%, 12/25/36 (b)		6,654,896		4,047,787
2.576%, 1M LIBOR + 0.360%, 10/25/35 (b)		5,431,154		5,409,732
3.641%, 1M LIBOR + 1.425%, 10/25/34 (b)		4,549,160		4,484,145
Flagship Credit Auto Trust 3.189%, 3M LIBOR + 0.850%, 01/16/26 (144A) (b)		11,000,000		11,007,216
Flagship, Ltd. 3.468%, 3M LIBOR + 1.120%, 01/20/26 (144A) (b)		7,980,783		7,976,554
Gallatin CLO, Ltd. 3.485%, 3M LIBOR + 1.050%, 01/21/28 (144A) (b)		13,850,000		13,850,000
GoldenTree Loan Opportunities, Ltd. 3.709%, 3M LIBOR + 1.370%, 10/29/26 (144A) (b)		10,200,000		10,200,000
GSAMP Trust 2.386%, 1M LIBOR + 0.170%, 12/25/36 (b)		3,106,052		1,909,021
2.606%, 1M LIBOR + 0.390%, 01/25/36 (b)		14,531,692		14,419,814
3.536%, 1M LIBOR + 1.320%, 12/25/34 (b)		6,694,989		4,914,699

BHFTI-311

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed - Other—(Continued)
Home Equity Loan Trust 2.446%, 1M LIBOR + 0.230%, 04/25/37 (b)		16,100,000	$	14,657,195
Home Equity Mortgage Loan Asset-Backed Trust 2.436%, 1M LIBOR + 0.220%, 04/25/37 (b)		3,465,900		2,792,765
Jamestown CLO, Ltd. 3.556%, 3M LIBOR + 1.220%, 01/17/27 (144A) (b)		17,104,688		17,095,947
JMP Credit Advisors CLO IIIR, Ltd. 3.186%, 3M LIBOR + 0.850%, 01/17/28 (144A) (b)		14,900,000		14,892,416
JPMorgan Mortgage Acquisition Trust 2.356%, 1M LIBOR + 0.140%, 03/25/47 (b)		1,872,461		1,868,188
KVK CLO, Ltd. 3.489%, 3M LIBOR + 1.150%, 01/15/26 (144A) (b)		10,232,863		10,227,645
Lehman XS Trust 3.016%, 1M LIBOR + 0.800%, 10/25/35 (b)		2,450,475		2,425,928
LoanCore Issuer, Ltd. 3.288%, 1M LIBOR + 1.130%, 05/15/28 (144A) (b)		14,300,000		14,326,987
Long Beach Mortgage Loan Trust 2.371%, 1M LIBOR + 0.155%, 08/25/36 (b)		12,407,952		8,100,678
2.736%, 1M LIBOR + 0.520%, 08/25/45 (b)		783,652		762,251
2.996%, 1M LIBOR + 0.780%, 08/25/35 (b)		10,000,000		9,788,883
Loomis Sayles CLO , Ltd. 3.239%, 3M LIBOR + 0.900%, 04/15/28 (144A) (b)		11,800,000		11,782,383
Marathon CLO, Ltd. 3.182%, 3M LIBOR + 0.870%, 11/21/27 (144A) (b)		14,700,000		14,656,223
Monarch Grove CLO 3.215%, 3M LIBOR + 0.880%, 01/25/28 (144A) (b)		8,800,000		8,791,860
Morgan Stanley ABS Capital I, Inc. Trust 2.341%, 1M LIBOR + 0.125%, 07/25/36 (b)		4,855,811		4,195,528
2.526%, 1M LIBOR + 0.310%, 12/25/35 (b)		2,886,158		2,857,564
3.176%, 1M LIBOR + 0.960%, 06/25/35 (b)		1,680,480		1,685,892
OCP CLO, Ltd. 3.139%, 3M LIBOR + 0.800%, 07/15/27 (144A) (b)		5,400,000		5,380,911
Octagon Investment Partners, Ltd. 3.189%, 3M LIBOR + 0.850%, 07/15/27 (144A) (b)		8,800,000		8,744,234
OneMain Financial Issuance Trust 3.190%, 03/18/26 (144A)		2,491,953		2,495,102
Park Place Securities, Inc. Asset-Backed Pass-Through Certificates 2.706%, 1M LIBOR + 0.490%, 09/25/35 (b)		5,000,000		4,743,464
3.266%, 1M LIBOR + 1.050%, 10/25/34 (b)		5,800,000		5,887,283
4.016%, 1M LIBOR + 1.800%, 12/25/34 (b)		4,636,570		4,794,004
RAMP Trust 2.516%, 1M LIBOR + 0.300%, 05/25/36 (b)		21,754,127		18,624,026
Residential Asset Securities Corp. Trust 2.376%, 1M LIBOR + 0.160%, 11/25/36 (b)		5,725,057		5,446,143
Saxon Asset Securities Trust 2.616%, 1M LIBOR + 0.400%, 09/25/47 (b)		2,530,000		2,379,238
Securitized Asset-Backed Receivables LLC Trust 2.466%, 1M LIBOR + 0.250%, 05/25/36 (b)		9,251,600		5,944,137
Sofi Consumer Loan Program Trust 2.550%, 02/25/27 (144A)		6,124,681		6,096,546
Soundview Home Loan Trust 2.326%, 1M LIBOR + 0.110%, 02/25/37 (b)		2,468,249		1,012,161
3.176%, 1M LIBOR + 0.960%, 05/25/35 (b)		2,400,000		2,399,118
Specialty Underwriting & Residential Finance Trust 2.486%, 1M LIBOR + 0.270%, 04/25/37 (b)		5,043,840		3,188,447

Security Description	Principal Amount*		Value
Asset-Backed - Other—(Continued)
SpringCastle America Funding LLC 3.050%, 04/25/29 (144A)		7,855,664	$	7,821,072
Structured Asset Investment Loan Trust 2.366%, 1M LIBOR + 0.150%, 09/25/36 (b)		5,828,162		5,616,653
2.636%, 1M LIBOR + 0.420%, 11/25/35 (b)		7,700,000		7,502,634
2.951%, 1M LIBOR + 0.735%, 08/25/35 (b)		3,728,509		3,732,326
Structured Asset Securities Corp. Mortgage Loan Trust 2.376%, 1M LIBOR + 0.160%, 03/25/36 (b)		306,328		306,251
3.116%, 1M LIBOR + 0.900%, 08/25/37 (b)		535,514		543,328
Sudbury Mill CLO, Ltd. 3.486%, 3M LIBOR + 1.150%, 01/17/26 (144A) (b)		8,752,167		8,753,209
3.506%, 3M LIBOR + 1.170%, 01/17/26 (144A) (b)		7,439,342		7,440,309
Symphony CLO, Ltd.
3.219%, 3M LIBOR + 0.880%, 04/15/28 (144A) (b)		2,800,000		2,792,709
3.369%, 3M LIBOR + 1.030%, 10/15/25 (144A) (b)		14,551,471		14,551,573
Telos CLO, Ltd. 3.286%, 3M LIBOR + 0.950%, 04/17/28 (144A) (b)		17,400,000		17,380,964
TICP CLO III-2, Ltd. 3.199%, 3M LIBOR + 0.840%, 04/20/28 (144A) (b)		11,700,000		11,625,518
U.S. Small Business Administration 5.500%, 10/01/18		825		825
6.220%, 12/01/28		1,915,188		2,042,949
Upstart Securitization Trust 4.997%, 08/20/25 (144A)		5,700,000		5,669,878
Venture CLO, Ltd. 3.159%, 3M LIBOR + 0.820%, 04/15/27 (144A) (b)		11,900,000		11,893,955
3.219%, 3M LIBOR + 0.880%, 04/15/27 (144A) (b)		15,500,000		15,455,220
Venture XVI CLO, Ltd. 3.189%, 3M LIBOR + 0.850%, 01/15/28 (144A) (b)		11,900,000		11,887,077
Voya CLO, Ltd. 3.055%, 3M LIBOR + 0.720%, 07/25/26 (144A) (b)		9,800,000		9,792,915
Wells Fargo Home Equity Asset-Backed Securities Trust 2.696%, 1M LIBOR + 0.480%, 12/25/35 (b)		20,861,000		20,868,443
				687,242,554
Asset-Backed - Student Loan—1.1%
Navient Private Education Loan Trust 2.508%, 1M LIBOR + 0.350%, 12/15/59 (144A) (b)		8,593,145		8,598,906
Navient Private Education Refi Loan Trust 3.010%, 06/16/42 (144A)		13,826,364		13,802,651
Nelnet Student Loan Trust 3.961%, 3M LIBOR + 1.650%, 11/25/24 (b)		1,777,820		1,802,468
SMB Private Education Loan Trust 2.608%, 1M LIBOR + 0.450%, 06/17/24 (144A) (b)		2,252,610		2,253,881
Sofi Professional Loan Program LLC 1.550%, 03/26/40 (144A)		4,540,217		4,504,916
3.020%, 02/25/40 (144A)		7,143,838		6,946,168
Sofi Professional Loan Program Trust 2.640%, 08/25/47 (144A)		14,996,143		14,908,996
Utah State Board of Regents 2.966%, 1M LIBOR + 0.750%, 01/25/57 (b)		7,487,272		7,495,359
				60,313,345
Total Asset-Backed Securities (Cost $996,901,634)				1,043,843,837

BHFTI-312

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Foreign Government—3.4%

Security Description	Principal Amount*		Value
Municipal—0.2%
Autonomous Community of Catalonia 4.950%, 02/11/20 (EUR)		10,000,000	$	12,167,670
Provincial—1.2%
Province of Ontario Canada 1.650%, 09/27/19		7,000,000		6,915,812
3.150%, 06/02/22 (CAD)		9,300,000		7,339,631
4.000%, 06/02/21 (CAD)		31,100,000		25,010,501
4.400%, 04/14/20		2,700,000		2,756,847
Province of Quebec Canada 3.500%, 07/29/20		10,600,000		10,692,556
3.500%, 12/01/22 (CAD)		3,300,000		2,637,777
4.250%, 12/01/21 (CAD)		15,200,000		12,387,826
				67,740,950
Regional Government—0.6%
Japan Finance Organization for Municipalities 2.000%, 09/08/20 (144A)		18,100,000		17,666,166
3.375%, 09/27/23 (144A) (m)		14,000,000		13,947,535
				31,613,701
Sovereign—1.4%
Argentine Republic Government International Bond 6.250%, 04/22/19		22,700,000		22,700,000
Japan Bank for International Cooperation 2.375%, 07/21/22		3,700,000		3,579,328
2.875%, 07/21/27		11,200,000		10,707,821
Kuwait International Government Bond 2.750%, 03/20/22 (144A)		12,000,000		11,717,640
Qatar Government International Bonds 4.500%, 04/23/28 (144A)		15,500,000		15,949,500
5.103%, 04/23/48 (144A)		14,600,000		15,184,000
				79,838,289
Total Foreign Government (Cost $209,293,612)				191,360,610
Mortgage-Backed Securities—5.2%
Collateralized Mortgage Obligations—3.9%
Adjustable Rate Mortgage Trust 4.370%, 11/25/35 (b)		306,252		260,154
Alternative Loan Trust 2.376%, 1M LIBOR + 0.160%, 12/25/46 (b)		2,874,047		2,842,891
5.500%, 02/25/36		3,206,179		2,898,395
6.000%, 1M LIBOR + 6.000%, 08/25/36 (b)		4,030,057		4,091,331
6.000%, 04/25/37		3,615,358		2,783,532
Alternative Loan Trust Resecuritization 4.068%, 03/25/47 (b)		1,055,095		1,049,032
American Home Mortgage Investment Trust 4.534%, 6M LIBOR + 2.000%, 02/25/45 (b)		757,247		769,169
Banc of America Alternative Loan Trust 12.065%, -1x 1M LIBOR + 16.940%, 09/25/35 (b)		2,878,662		3,127,216
19.537%, -1x 1M LIBOR + 28.400%, 11/25/46 (b)		1,176,690		1,377,418

Security Description	Principal Amount*		Value
Collateralized Mortgage Obligations—(Continued)
Banc of America Funding Trust 3.929%, 01/20/47 (b)		166,268	$	158,630
4.026%, 02/20/36 (b)		2,005,818		1,994,230
4.205%, 05/25/35 (b)		778,163		813,689
Banc of America Mortgage Trust 6.000%, 05/25/37		9,412,942		8,245,732
BCAP LLC Trust 2.426%, 1M LIBOR + 0.210%, 05/25/47 (b)		10,287,518		9,455,538
5.250%, 02/26/36 (144A) (b)		3,537,093		2,805,622
5.250%, 08/26/37 (144A) (b)		2,960,950		3,029,065
Bear Stearns Adjustable Rate Mortgage Trust 3.634%, 02/25/33 (b)		6,696		6,198
4.290%, 10/25/35 (b)		2,280,277		2,284,815
Bear Stearns ALT-A Trust 3.056%, 1M LIBOR + 0.840%, 11/25/34 (b)		91,094		90,912
3.804%, 05/25/36 (b)		1,985,974		1,448,660
3.927%, 11/25/36 (b)		2,079,909		1,739,057
3.972%, 05/25/35 (b)		1,005,828		1,013,797
4.037%, 11/25/36 (b)		3,288,573		3,043,304
4.187%, 09/25/35 (b)		779,691		634,561
Bear Stearns Structured Products, Inc. Trust 3.531%, 12/26/46 (b)		708,156		641,066
4.106%, 01/26/36 (b)		914,261		800,657
Chase Mortgage Finance Trust 3.517%, 12/25/35 (b)		1,968,078		1,900,083
3.785%, 03/25/37 (b)		1,429,207		1,404,437
4.222%, 09/25/36 (b)		2,504,315		2,358,327
Chevy Chase Funding LLC Mortgage-Backed Certificate 2.466%, 1M LIBOR + 0.250%, 08/25/35 (144A) (b)		31,642		31,412
CHL Mortgage Pass-Through Trust 2.416%, 1M LIBOR + 0.200%, 04/25/46 (b)		2,318,806		2,162,052
Citicorp Mortgage Securities Trust 6.000%, 05/25/37		1,930,635		1,865,559
Citigroup Mortgage Loan Trust 3.264%, 10/25/46 (b)		1,340,630		1,198,338
3.410%, 1Y CMT + 2.100%, 09/25/35 (b)		1,171,146		1,189,123
4.240%, 1Y CMT + 2.150%, 09/25/35 (b)		374,640		379,474
4.820%, 1Y CMT + 2.400%, 10/25/35 (b)		1,697,993		1,720,268
Countrywide Alternative Loan Trust 2.476%, 1M LIBOR + 0.260%, 06/25/46 (b)		6,822,106		5,428,453
2.784%, -1x 1M LIBOR + 5.000%, 05/25/35 (b) (c)		1,217,740		78,185
6.000%, 03/25/35		13,613,614		12,776,604
6.000%, 07/25/37		5,613,050		4,158,405
Countrywide Home Loan Mortgage Pass-Through Trust
Zero Coupon, -1x 1M LIBOR + 0.640%, 03/25/35 (b)		472,696		470,677
2.796%, 1M LIBOR + 0.580%, 04/25/35 (b)		110,154		107,095
3.821%, 09/20/36 (b)		2,511,994		2,167,959
5.750%, 06/25/37		1,767,470		1,489,788
Countrywide Home Reperforming Loan REMIC Trust 2.556%, 1M LIBOR + 0.340%, 06/25/35 (144A) (b)		1,513,736		1,460,043
Credit Suisse First Boston Mortgage Securities Corp. 2.713%, 03/25/32 (144A) (b)		52,553		50,275
6.000%, 11/25/35		1,795,902		1,510,686
Downey Savings & Loan Association Mortgage Loan Trust 3.894%, 07/19/44 (b)		428,406		435,223

BHFTI-313

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Mortgage-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Collateralized Mortgage Obligations—(Continued)
First Horizon Alternative Mortgage Securities Trust 2.484%, -1x 1M LIBOR + 4.700%, 01/25/36 (b) (c)		23,107,570	$	1,609,458
First Horizon Mortgage Pass-Through Trust 4.277%, 08/25/35 (b)		149,965		125,008
GreenPoint Mortgage Funding Trust 2.391%, 1M LIBOR + 0.175%, 12/25/46 (b)		2,317,974		2,316,625
GreenPoint MTA Trust 2.656%, 1M LIBOR + 0.440%, 06/25/45 (b)		53,428		51,501
GSR Mortgage Loan Trust 3.601%, 04/25/36 (b)		1,748,584		1,586,857
3.751%, 01/25/36 (b)		4,309,385		4,282,800
3.903%, 09/25/35 (b)		28,643		29,194
6.000%, 03/25/32		96		98
HarborView Mortgage Loan Trust 2.358%, 1M LIBOR + 0.190%, 01/19/38 (b)		128,375		127,339
2.608%, 1M LIBOR + 0.440%, 05/19/35 (b)		819,361		796,778
Holmes Master Issuer plc 2.699%, 3M LIBOR + 0.360%, 10/15/54 (144A) (b)		11,400,000		11,387,141
IndyMac ARM Trust 3.301%, 01/25/32 (b)		469		465
3.445%, 01/25/32 (b)		19,603		19,252
IndyMac INDX Mortgage Loan Trust
2.336%, 1M LIBOR + 0.120%, 07/25/36 (b)		4,705,275		4,385,656
2.426%, 1M LIBOR + 0.210%, 05/25/46 (b)		6,169,539		6,056,215
JP Morgan Alternative Loan Trust 2.396%, 1M LIBOR + 0.180%, 05/25/36 (b)		2,029,190		1,940,438
JPMorgan Mortgage Trust 4.229%, 07/25/35 (b)		1,569,598		1,578,182
5.750%, 01/25/36		283,222		223,960
Lehman Mortgage Trust 2.816%, 1M LIBOR + 0.600%, 08/25/36 (b)		6,870,498		5,326,203
MASTR Alternative Loan Trust 2.616%, 1M LIBOR + 0.400%, 03/25/36 (b)		633,358		120,478
6.500%, 02/25/35		6,374,514		7,338,783
MASTR Asset Securitization Trust 6.000%, 06/25/36		435,085		421,007
Merrill Lynch Alternative Note Asset Trust 2.396%, 1M LIBOR + 0.180%, 04/25/37 (b)		1,112,847		1,122,277
Merrill Lynch Mortgage Investors Trust 2.466%, 1M LIBOR + 0.250%, 11/25/35 (b)		18,006		17,462
2.596%, 1M LIBOR + 0.380%, 08/25/35 (b)		2,729,268		2,733,855
Morgan Stanley Re-REMIC Trust 3.724%, 03/26/37 (144A) (n)		2,938,279		2,493,425
MortgageIT Mortgage Loan Trust 2.446%, 1M LIBOR + 0.230%, 04/25/36 (b)		5,388,644		5,099,566
Nomura Asset Acceptance Corp. Alternative Loan Trust 4.976%, 05/25/35 (n)		1,067,923		808,969
OBX Trust 2.866%, 1M LIBOR + 0.650%, 06/25/57 (144A) (b)		5,413,279		5,415,548
RBSSP Resecuritization Trust 2.305%, 1M LIBOR + 0.240%, 06/27/36 (144A) (b)		8,300,000		7,056,716
3.792%, 1M LIBOR + 0.150%, 01/26/36 (144A) (b)		3,115,884		3,143,338
Residential Accredit Loans, Inc. Trust 6.000%, 12/25/35		7,023,007		6,745,987
Residential Asset Securitization Trust 6.000%, 06/25/36		3,544,016		2,471,724

Security Description	Principal Amount*		Value
Collateralized Mortgage Obligations—(Continued)
Sequoia Mortgage Trust 2.515%, 1M LIBOR + 0.350%, 07/20/33 (b)		176,109	$	169,581
2.808%, 1M LIBOR + 0.640%, 04/19/27 (b)		659,685		624,601
Structured Adjustable Rate Mortgage Loan Trust 3.912%, 01/25/35 (b)		949,591		941,991
4.101%, 04/25/35 (b)		4,622,509		4,476,819
4.181%, 08/25/35 (b)		117,230		117,099
Structured Asset Mortgage Investments II Trust 2.418%, 1M LIBOR + 0.250%, 07/19/35 (b)		610,612		594,578
WaMu Mortgage Pass-Through Certificates Trust 2.716%, 1M LIBOR + 0.500%, 02/25/45 (b)		8,338,055		8,264,066
3.245%, 12M MTA + 1.400%, 06/25/42 (b)		84,629		82,269
Wells Fargo Mortgage-Backed Securities Trust 3.964%, 03/25/36 (b)		5,931,735		5,927,361
4.263%, 07/25/36 (b)		4,267,905		4,175,267
4.392%, 04/25/36 (b)		508,952		517,413
4.456%, 09/25/33 (b)		293,336		300,463
4.560%, 10/25/36 (b)		1,088,301		1,093,274
5.750%, 03/25/36		1,719,721		1,677,926
				217,542,150
Commercial Mortgage-Backed Securities—1.3%
Bancorp Commercial Mortgage Trust 3.070%, 1M LIBOR + 0.900%, 09/15/35 (144A) (b) (m)		4,400,000		4,399,754
CSAIL Commercial Mortgage Trust 3.314%, 11/15/49		2,900,000		2,872,950
GPT Mortgage Trust 3.171%, 1M LIBOR + 1.013%, 06/15/35 (144A) (b)		14,400,000		14,381,987
GS Mortgage Securities Corp. Trust 2.856%, 05/10/34 (144A)		8,900,000		8,682,771
GS Mortgage Securities Trust 3.278%, 11/10/49 (b)		2,500,000		2,461,557
3.722%, 10/10/49 (144A) (b)		13,346,000		13,211,794
JP Morgan Chase Commercial Mortgage Securities Trust 3.158%, 1M LIBOR + 1.000%, 06/15/32 (144A) (b)		17,200,000		17,221,576
Morgan Stanley Bank of America Merrill Lynch Trust 2.952%, 11/15/49		10,000,000		9,639,157
Resource Capital Corp., Ltd. 2.958%, 1M LIBOR + 0.800%, 07/15/34 (144A) (b)		3,327,941		3,327,936
				76,199,482
Total Mortgage-Backed Securities (Cost $288,464,495)				293,741,632
Municipals—0.5%
Chicago Transit Authority Transfer Tax Receipts Revenue 6.300%, 12/01/21		225,000		235,042
City of Chicago, IL General Obligation Unlimited 7.750%, 01/01/42		11,400,000		12,217,950
New Jersey Economic Development Authority, Revenue Bond Zero Coupon, 02/15/22		6,140,000		5,425,856
State of Illinois General Obligation Unlimited, Build America Bond 6.725%, 04/01/35		5,720,000		6,072,295

BHFTI-314

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Municipals—(Continued)

Security Description	Principal Amount*		Value
Tobacco Settlement Finance Authority 7.467%, 06/01/47		6,825,000	$	6,819,335
Total Municipals (Cost $29,463,093)				30,770,478
Floating Rate Loan (q)—0.1%
Media—0.1%
CSC Holdings LLC Term Loan B, 4.658%, 1M LIBOR + 2.500%, 01/25/26 (Cost $5,361,735)		5,386,500		5,398,620
Short-Term Investments—18.1%
Commercial Paper—0.3%
Hyundai Capital America 2.480%, 11/06/18 (p)		14,200,000		14,162,172
Foreign Government—14.6%
Argentina Treasury Bills 2.966%, 01/11/19 (p)		7,900,000		7,813,519
2.972%, 11/16/18 (p)		9,100,000		9,051,642
Brazil Letras do Tesouro Nacional 5.838%, 01/01/19 (p)		58,500,000		14,256,281
Japan Treasury Bills Zero Coupon, 10/29/18 (JPY)		9,120,000,000		80,275,425
Zero Coupon, 11/05/18 (JPY)		44,680,000,000		393,288,995
Zero Coupon, 11/19/18 (JPY)		15,610,000,000		137,411,827
Zero Coupon, 11/26/18 (JPY)		20,470,000,000		180,197,976
				822,295,665
Repurchase Agreements—3.2%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $7,848,886; collateralized by U.S. Treasury Note at 2.125%, maturing 03/31/24, with a market value of $8,006,964.		7,848,233		7,848,233
JPMorgan Securities LLC Repurchase Agreement dated 09/28/18 at 2.290%, due on 10/02/18 with a maturity value of $91,923,383; collateralized by a U.S. Treasury Note at 1.875%, maturing 02/28/22, with a market value of $93,686,738.		91,900,000		91,900,000
Repurchase Agreement dated 09/28/18 at 2.340%, due on 10/01/18 with a maturity value of $77,415,093; collateralized by a U.S. Treasury Note at 2.750%, maturing 09/15/21, with a market value of $78,993,423.		77,400,000		77,400,000
				177,148,233
Total Short-Term Investments (Cost $1,033,386,460)				1,013,606,070
Total Purchased Options—0.0% (r) (Cost $395,396)				395,154
Total Investments—169.9% (Cost $9,638,421,019)				9,549,986,873
Other assets and liabilities (net)—(69.9)%				(3,928,526,296	)
Net Assets—100.0%			$	5,621,460,577

*	Principal and notional amounts stated in U.S. dollars unless otherwise noted.
(a)	TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date.
(b)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above.
(c)	Interest only security.
(d)	All or a portion of 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 centrally cleared swap contracts. As of September 30, 2018, the market value of securities pledged was $51,928,088.
(g)	All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2018, the market value of securities pledged was $23,300,644.
(h)	All or a portion of the security was pledged as collateral against open secured borrowing transactions. As of September 30, 2018, the value of securities pledged amounted to $12,095,064.
(i)	All or a portion of the security was pledged as collateral against TBA securities. As of September 30, 2018, the value of securities pledged amounted to $11,389,936.
(j)	All or a portion of the security was pledged as collateral against open swap contracts and open forward foreign currency exchange contracts. As of September 30, 2018, the market value of securities pledged was $1,354,043.
(k)	Non-income producing; security is in default and/or issuer is in bankruptcy.
(l)	Illiquid security. As of September 30, 2018, these securities represent 0.2% of net assets.
(m)	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, 2018, the market value of restricted securities was $148,915,941, which is 2.6% of net assets. See details shown in the Restricted Securities table that follows.
(n)	Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.
(o)	All or a portion of the security was pledged as collateral against open reverse repurchase agreements. As of September 30, 2018, the value of securities pledged amounted to $8,929,334.
(p)	The rate shown represents current yield to maturity.
(q)	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 have an expected average life of approximately two to four years. The stated interest rate represents the weighted average interest rate of all contracts within the senior loan facility and includes commitment fees on unfunded loan commitments, if any. Senior Loans typically have rates of interest which are determined either daily, monthly, quarterly or semi-annually by reference to a base lending rate, plus a premium. These base rates are primarily the London Interbank Offered Rate (“LIBOR”) and secondarily, the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit (“CD”) rate or other base lending rates used by commercial lenders.
(r)	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, 2018, the market value of 144A securities was $1,410,217,032, which is 25.1% of net assets.

BHFTI-315

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Restricted Securities	Acquisition Date		Principal Amount		Cost		Value
BPCE S.A., 4.000%, 09/12/23		09/05/18	$	17,000,000	$	16,893,082	$	16,771,673
Bancorp Commercial Mortgage Trust, 3.070%, 09/15/35		09/17/18		4,400,000		4,400,000		4,399,754
Blackstone CQP Holdco L.P., 6.500%, 03/20/21		03/06/17		20,700,000		20,700,000		20,760,717
Blackstone CQP Holdco L.P., 6.000%, 08/18/21		08/09/17		10,700,000		10,700,000		10,698,783
Credit Suisse Group AG, 7.250%, 09/12/25		09/05/18		5,500,000		5,500,000		5,520,625
Enel Finance International NV, 4.250%, 09/14/23		09/11/18		14,900,000		14,888,772		14,691,044
Japan Finance Organization for Municipalities, 3.375%, 09/27/23		09/19/18		14,000,000		13,930,003		13,947,535
Keurig Dr Pepper, Inc., 4.057%, 05/25/23		05/14/18		14,600,000		14,600,000		14,617,973
Pacific Gas & Electric Co., 4.250%, 08/01/23		08/02/18		14,300,000		14,267,325		14,370,467
Piper Jaffray Cos., 5.060%, 10/09/18		10/08/15		5,000,000		5,000,000		5,001,774
Societe Generale S.A., 4.250%, 09/14/23		09/10/18		13,900,000		13,885,805		13,850,153
Standard Chartered plc, 4.247%, 01/20/23		09/27/18		14,300,000		14,300,000		14,285,443
							$	148,915,941

Reverse Repurchase Agreements

Counterparty	Interest Rate	Settlement Date		Maturity Date	Principal Amount			Net Closing Amount
Barclays Capital, Inc.	(0.500%)		03/02/18	03/01/20		USD	1,854,000	$	1,854,000
Barclays Capital, Inc.	1.000%		03/23/18	03/22/20		USD	1,855,000		1,855,000
Barclays Capital, Inc.	(0.250%)		01/19/18	01/15/28		USD	4,676,000		4,676,000
Total								$	8,385,000

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

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
AUD	8,231,000	CBNA		10/02/18		USD	5,862,311	$	87,467
AUD	2,356,000	GSBU		10/02/18		USD	1,708,623		(5,589	)
BRL	66,400,000	BNP		10/02/18		USD	16,764,290		(322,745	)
BRL	139,000,000	BNP		10/02/18		USD	34,716,152		(297,858	)
BRL	11,282,968	CBNA		10/02/18		USD	2,750,870		42,947
BRL	11,282,968	DBAG		10/02/18		USD	2,817,995		(24,178	)
BRL	43,900,000	GSBU		10/02/18		USD	11,100,996		(230,758	)
BRL	160,846,998	GSBU		10/02/18		USD	40,172,581		(344,673	)
BRL	62,700,000	JPMC		10/02/18		USD	16,049,762		(524,388	)
BRL	80,000,000	JPMC		10/02/18		USD	20,323,654		(514,564	)
BRL	167,700,000	JPMC		10/02/18		USD	42,755,526		(1,230,721	)
BRL	252,300,000	JPMC		10/02/18		USD	61,776,156		696,761
BRL	11,282,968	DBAG		11/05/18		USD	2,753,421		33,839
BRL	7,100,000	GSBU		01/03/19		USD	1,884,989		(140,162	)
CAD	25,972,170	CBNA		10/02/18		USD	20,102,485		5,727
CAD	33,032,830	CBNA		10/02/18		USD	25,372,786		201,942
EUR	26,870,137	UBSA		10/02/18		USD	31,419,278		(221,693	)
EUR	26,870,137	BNP		11/02/18		USD	31,725,350		(452,260	)
EUR	1,285,000	BNP		11/15/18		USD	1,494,987		2,102
EUR	1,386,000	BNP		11/15/18		USD	1,585,971		28,788
EUR	7,566,000	BBP		11/15/18		USD	8,891,316		(76,549	)
EUR	25,721,000	BBP		11/15/18		USD	30,010,504		(44,259	)
EUR	1,629,000	CBNA		11/15/18		USD	1,919,117		(21,251	)
EUR	1,852,000	CBNA		11/15/18		USD	2,176,725		(19,053	)
EUR	2,276,000	CBNA		11/15/18		USD	2,687,402		(35,749	)

BHFTI-316

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
EUR	11,776,000	CBNA		11/15/18		USD	13,494,082	$	225,544
EUR	2,196,000	GSBU		11/15/18		USD	2,520,469		37,980
EUR	17,979,000	GSBU		11/15/18		USD	21,134,133		(187,703	)
EUR	1,980,000	JPMC		11/15/18		USD	2,303,776		3,023
EUR	2,970,000	JPMC		11/15/18		USD	3,508,984		(48,786	)
GBP	1,460,000	BNP		11/15/18		USD	1,905,874		787
GBP	1,168,000	BBP		11/15/18		USD	1,539,401		(14,073	)
GBP	1,232,000	CBNA		11/15/18		USD	1,627,669		(18,761	)
GBP	16,438,000	SG		11/15/18		USD	21,029,263		437,647
GBP	22,738,000	UBSA		11/15/18		USD	28,993,269		701,012
INR	15,053,051	BNP		12/19/18		USD	211,755		(6,069	)
INR	2,329,048,962	BNP		12/19/18		USD	31,682,568		141,842
INR	970,072,920	CBNA		12/19/18		USD	13,214,452		40,743
JPY	132,800,000	BBP		11/15/18		USD	1,186,551		(14,024	)
JPY	1,702,100,000	JPMC		11/15/18		USD	15,494,431		(466,125	)
JPY	3,724,100,000	JPMC		11/15/18		USD	33,108,361		(227,263	)
JPY	12,043,100,000	UBSA		11/15/18		USD	109,300,394		(2,968,569	)
MXN	253,588,236	JPMC		10/26/18		USD	13,461,241		38,852
MXN	410,451,000	BNP		11/14/18		USD	20,915,044		871,268
MXN	741,425,000	GSBU		11/14/18		USD	37,964,731		1,389,336
MXN	249,313,000	SG		11/14/18		USD	12,923,358		309,916
MYR	1,437,265	GSBU		12/19/18		USD	347,838		(998	)
RUB	395,494,899	CBNA		10/12/18		USD	5,838,856		191,721
RUB	1,894,153,025	CBNA		10/15/18		USD	28,270,941		602,876
RUB	226,948,463	JPMC		10/15/18		USD	3,579,000		(119,476	)
RUB	1,156,659,657	JPMC		10/15/18		USD	18,153,000		(521,279	)
RUB	361,667,970	CBNA		10/24/18		USD	5,363,885		144,356
RUB	613,291,150	DBAG		10/29/18		USD	8,693,000		642,878
RUB	774,437,872	CBNA		11/15/18		USD	11,303,600		465,093
RUB	129,910,304	JPMC		11/15/18		USD	2,063,280		(89,107	)
RUB	210,492,570	SG		11/15/18		USD	3,337,179		(138,443	)
RUB	3,165,109,061	GSBU		12/14/18		USD	47,756,031		204,697
RUB	4,472,080,625	UBSA		12/14/18		USD	66,573,090		1,192,109
SEK	770,365,000	CBNA		11/15/18		USD	85,527,642		1,462,735
TRY	25,069,594	BNP		10/02/18		USD	3,943,000		208,312
TRY	113,488,738	CBNA		10/19/18		USD	17,811,934		776,814
TRY	17,781,581	UBSA		10/19/18		USD	2,714,538		197,974
TRY	25,771,543	JPMC		11/15/18		USD	4,050,856		98,126
TRY	100,500,992	JPMC		11/29/18		USD	15,381,000		656,131
ZAR	78,352,000	CBNA		11/02/18		USD	5,158,494		359,486
ZAR	2,906,000	JPMC		11/02/18		USD	215,756		(11,099	)
Contracts to Deliver
AUD	5,938,000	GSBU		10/02/18		USD	4,296,392		4,109
AUD	6,075,000	JPMC		10/02/18		USD	4,417,229		25,916
AUD	1,426,000	CBNA		11/02/18		USD	1,029,358		(1,629	)
BRL	205,400,000	BNP		10/02/18		USD	61,054,634		10,194,796
BRL	11,282,968	CBNA		10/02/18		USD	2,817,995		24,178
BRL	11,282,968	DBAG		10/02/18		USD	2,760,697		(33,120	)
BRL	197,900,000	GSBU		10/02/18		USD	59,083,445		10,080,709
BRL	6,846,998	GSBU		10/02/18		USD	1,685,000		(10,410	)
BRL	293,000,000	JPMC		10/02/18		USD	73,178,651		627,859
BRL	163,400,000	JPMC		10/02/18		USD	48,939,739		8,479,673
BRL	106,300,000	JPMC		10/02/18		USD	31,472,983		5,151,655
BRL	6,263,863	GSBU		11/05/18		USD	1,554,000		6,622
BRL	65,600,000	JPMC		01/03/19		USD	17,765,741		1,644,522

BHFTI-317

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
CAD	16,267,424	BNP		10/02/18		USD	12,573,000	$	(21,590	)
CAD	59,005,000	JPMC		10/02/18		USD	45,538,413		(144,528	)
CAD	33,032,830	CBNA		11/02/18		USD	25,389,304		(202,712	)
CAD	11,938,000	GSBU		11/02/18		USD	9,176,849		(72,056	)
DKK	182,810,000	BNP		10/01/18		USD	29,490,854		1,028,633
DKK	53,429,000	SG		10/01/18		USD	8,794,463		475,946
EUR	26,870,137	BNP		10/02/18		USD	31,648,717		451,132
EUR	2,431,000	BNP		11/15/18		USD	2,855,589		23,353
EUR	3,309,000	BBP		11/15/18		USD	3,854,775		(374	)
EUR	51,100,000	CBNA		11/15/18		USD	59,026,325		(507,717	)
EUR	49,374,000	CBNA		11/15/18		USD	57,669,592		146,426
EUR	2,711,000	CBNA		11/15/18		USD	3,169,902		11,452
EUR	27,144,000	JPMC		11/15/18		USD	31,601,677		(22,433	)
EUR	16,891,000	JPMC		11/15/18		USD	19,654,839		(24,017	)
EUR	10,024,000	JPMC		11/15/18		USD	11,767,773		89,314
EUR	3,492,000	JPMC		11/15/18		USD	4,104,779		36,425
EUR	3,037,000	JPMC		11/15/18		USD	3,564,389		26,133
EUR	2,121,000	JPMC		11/15/18		USD	2,459,684		(11,387	)
GBP	4,227,000	BBP		11/15/18		USD	5,559,495		39,321
GBP	21,763,000	JPMC		11/15/18		USD	28,158,432		(262,566	)
GBP	56,871,000	SG		11/15/18		USD	72,824,959		(1,444,699	)
JPY	2,600,000,000	BNP		10/29/18		USD	23,548,059		620,123
JPY	2,650,000,000	BBP		10/29/18		USD	24,012,323		643,466
JPY	330,000,000	JPMC		10/29/18		USD	2,991,569		81,485
JPY	3,540,000,000	UBSA		10/29/18		USD	32,081,927		864,661
JPY	8,180,000,000	BNP		11/05/18		USD	73,672,455		1,501,248
JPY	17,530,000,000	CBNA		11/05/18		USD	157,925,367		3,260,178
JPY	8,180,000,000	CBNA		11/05/18		USD	73,666,351		1,495,145
JPY	2,610,000,000	CBNA		11/05/18		USD	23,669,068		641,336
JPY	8,180,000,000	UBSA		11/05/18		USD	73,679,622		1,508,415
JPY	3,720,000,000	BBP		11/15/18		USD	33,116,845		271,947
JPY	1,692,800,000	CBNA		11/15/18		USD	15,359,143		412,949
JPY	5,457,700,000	JPMC		11/15/18		USD	49,546,648		1,359,121
JPY	4,059,700,000	JPMC		11/15/18		USD	36,798,737		954,535
JPY	3,498,000,000	JPMC		11/15/18		USD	31,897,520		1,012,720
JPY	15,610,000,000	BBP		11/19/18		USD	141,677,255		3,812,368
JPY	3,210,000,000	BNP		11/26/18		USD	29,003,879		639,321
JPY	8,670,000,000	BBP		11/26/18		USD	78,298,564		1,687,749
JPY	8,590,000,000	UBSA		11/26/18		USD	77,597,109		1,693,199
KRW	167,742,730	BNP		12/19/18		USD	150,159		(1,351	)
MXN	43,335,000	BNP		11/14/18		USD	2,267,744		(32,433	)
MXN	233,819,000	CBNA		11/14/18		USD	12,322,137		(88,732	)
MXN	103,071,000	GSBU		11/14/18		USD	5,457,672		(13,229	)
MXN	475,773,000	JPMC		11/14/18		USD	24,903,070		(350,466	)
MXN	319,507,000	JPMC		11/14/18		USD	16,677,665		(281,434	)
MXN	138,120,000	SG		11/14/18		USD	7,332,398		1,132
RUB	395,494,899	BNP		10/12/18		USD	5,833,000		(197,577	)
RUB	926,622,121	JPMC		10/15/18		USD	14,060,000		(65,108	)
RUB	905,580,483	JPMC		10/15/18		USD	13,733,000		(71,357	)
RUB	642,580,000	JPMC		10/15/18		USD	9,528,668		(266,600	)
RUB	548,846,127	JPMC		10/15/18		USD	8,282,000		(84,421	)
RUB	500,797,528	JPMC		10/15/18		USD	7,616,000		(17,985	)
RUB	366,151,943	JPMC		10/15/18		USD	5,480,000		(101,494	)
RUB	364,651,410	JPMC		10/15/18		USD	5,520,000		(38,620	)
RUB	208,871,300	UBSA		10/15/18		USD	3,170,000		(13,962	)
RUB	354,451,620	JPMC		10/18/18		USD	5,198,000		(203,536	)
RUB	361,667,970	CBNA		10/24/18		USD	5,298,000		(210,241	)

BHFTI-318

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
RUB	320,480,160	GSBU		10/24/18		USD	4,784,000	$	(96,946	)
RUB	97,629,290	GSBU		10/29/18		USD	1,478,000		(8,170	)
RUB	613,288,542	JPMC		10/29/18		USD	8,693,000		(642,838	)
RUB	66,208,030	SG		10/31/18		USD	1,003,000		(4,659	)
RUB	789,419,414	UBSA		11/15/18		USD	12,301,043		304,684
SEK	129,600,000	BBP		11/15/18		USD	14,807,807		173,247
SEK	88,655,000	BBP		11/15/18		USD	9,782,031		(228,979	)
SEK	103,730,000	GSBU		11/15/18		USD	11,798,150		84,856
SEK	235,400,000	JPMC		11/15/18		USD	26,982,936		401,335
SEK	145,770,000	JPMC		11/15/18		USD	16,085,148		(375,344	)
SEK	67,840,000	JPMC		11/15/18		USD	7,708,138		47,578
SGD	356,587	CSI		12/19/18		USD	261,466		181
TRY	25,069,594	JPMC		10/02/18		USD	4,054,928		(96,383	)
Net Unrealized Appreciation								$	58,952,656

Futures Contracts
Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
90 Day Eurodollar Futures		03/18/19		240			USD	58,296,000		$	(33,307	)
90 Day Eurodollar Futures		09/16/19		305			USD	73,901,500			(95,052	)
Call Options on Euro-BTP Futures, Strike EUR 158.00		10/26/18		1,068			EUR	10,680			(1,066	)
Call Options on Euro-BTP Futures, Strike EUR 160.00		11/23/18		900			EUR	9,000			(899	)
Call Options on Euro-BTP Futures, Strike EUR 165.00		11/23/18		612			EUR	6,120			(611	)
Euro-Bund Futures		12/06/18		1,538			EUR	244,219,020			(1,959,546	)
Call Options on Euro-OAT Futures, Strike EUR 176.00		10/26/18		2,687			EUR	26,870			(2,683	)
Put Options on Euro-Bund Futures, Strike EUR 145.00		11/23/18		912			EUR	9,120			(910	)
U.S. Treasury Note 10 Year Futures		12/19/18		2,824			USD	335,438,250			(3,650,048	)
U.S. Treasury Note 5 Year Futures		12/31/18		13,653			USD	1,535,642,515			(12,934,300	)
Futures Contracts—Short
90 Day Eurodollar Futures		06/15/20		(116	)		USD	(28,080,700	)		84,872
90 Day Eurodollar Futures		12/14/20		(202	)		USD	(48,901,675	)		37,667
Australian 10 Year Treasury Bond Futures		12/17/18		(1,941	)		AUD	(250,103,751	)		1,391,224
Canada Government Bond 10 Year Futures		12/18/18		(756	)		CAD	(100,260,720	)		1,034,712
Euro-BTP Futures		12/06/18		(2,693	)		EUR	(333,501,120	)		(4,318,045	)
Call Options on Euro-Bund Futures, Strike EUR 160.00		10/26/18		(416	)		EUR	(137,280	)		23,734
Euro-Buxl 30 Year Bond Futures		12/06/18		(323	)		EUR	(56,305,360	)		1,090,958
Euro-OAT Futures		12/06/18		(2,828	)		EUR	(427,169,400	)		3,197,529
U.S. Treasury Long Bond Futures		12/19/18		(3,458	)		USD	(485,849,000	)		13,164,886
United Kingdom Long Gilt Bond Futures		12/27/18		(135	)		GBP	(16,326,900	)		283,808
Net Unrealized Depreciation										$	(2,687,077	)

Purchased Options

Interest Rate Swaptions

Strike Rate

Counterparty

Floating Rate Index

Pay/Receive Floating Rate

Expiration Date

Number of Contracts

Notional Amount

Premiums Paid

Market Value

Unrealized Appreciation

Put - 30 Yr. IRS

2.943

%

GSBU

3M LIBOR

Receive

12/12/19

4,800,000

USD

4,800,000

$

230,400

$

376,006

$

145,606

BHFTI-319

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Purchased Options—(Continued)

Options on Exchange-Traded Futures Contracts	Strike Price		Expiration Date		Number of Contracts	Notional Amount			Premiums Paid		Market Value		Unrealized Depreciation
Call - U.S. Treasury Bond 30-Year Futures		USD  180.000		11/23/18	1,740		USD	1,740,000	$	14,877	$	1,740	$	(13,137	)
Call - U.S. Treasury Bond 30-Year Futures		USD  178.000		11/23/18	582		USD	582,000		4,772		582		(4,190	)
Put - U.S. Treasury Note 10-Year Futures		USD  109.500		11/23/18	1,561		USD	1,561,000		13,346		1,561		(11,785	)
Put - U.S. Treasury Note 10-Year Futures		USD  110.000		11/23/18	1,205		USD	1,205,000		10,303		1,205		(9,098	)
Put - U.S. Treasury Note 10-Year Futures		USD  111.000		11/23/18	355		USD	355,000		3,035		355		(2,680	)
Put - U.S. Treasury Note 10-Year Futures		USD  110.500		11/23/18	51		USD	51,000		436		51		(385	)
Put - U.S. Treasury Note 10-Year Futures		USD  111.500		11/23/18	1		USD	1,000		9		1		(8	)
Put - U.S. Treasury Note 5 Year Futures		USD  107.500		11/23/18	2,752		USD	2,752,000		23,530		2,752		(20,778	)
Put - U.S. Treasury Note 5-Year Futures		USD  107.250		11/23/18	4,861		USD	4,861,000		41,562		4,861		(36,701	)
Put - U.S. Treasury Note 5-Year Futures		USD  107.000		11/23/18	4,760		USD	4,760,000		40,698		4,760		(35,938	)
Put - U.S. Treasury Note 5-Year Futures		USD  105.750		11/23/18	679		USD	679,000		5,805		679		(5,126	)
Put - U.S. Treasury Note 5-Year Futures		USD  108.000		11/23/18	601		USD	601,000		5,139		601		(4,538	)
Totals									$	163,512	$	19,148	$	(144,364	)

OTC Interest Rate Options	Strike Price		Expiration Date		Number of Contracts		Notional Amount			Premium Paid		Market Value		Unrealized Depreciation
Put - FNMA 30 Yr. TBA 3.500%		USD  70.000		11/06/18		38,000,000		USD	38,000,000	$	1,484	$	—	$	(1,484	)

Written Options

Foreign Currency Written Options	Strike Price			Counterparty	Expiration Date		Number of Contracts			Notional Amount				Premiums Received			Market Value			Unrealized Appreciation/ (Depreciation)
AUD Call/USD Put		AUD	0.728	GSBU		11/09/18		(55,400,000	)		AUD	(55,400,000	)	$	(266,651	)	$	(323,931	)	$	(57,280	)
AUD Put/USD Call		AUD	0.690	GSBU		11/09/18		(55,400,000	)		AUD	(55,400,000	)		(201,262	)		(45,732	)		155,530
USD Put/CAD Call		CAD	1.282	BNP		10/26/18		(26,600,000	)		USD	(26,600,000	)		(153,216	)		(120,445	)		32,771
USD Call/RUB Put		RUB	67.100	BNP		10/11/18		(10,290,000	)		USD	(10,290,000	)		(316,511	)		(24,151	)		292,360
USD Call/RUB Put		RUB	68.000	CBNA		10/23/18		(11,700,000	)		USD	(11,700,000	)		(333,918	)		(39,055	)		294,863
USD Call/TRY Put		TRY	7.280	GSBU		11/02/18		(33,900,000	)		USD	(33,900,000	)		(796,650	)		(91,971	)		704,679
USD Put/MXN Call		MXN	19.040	BBP		10/18/18		(17,000,000	)		USD	(17,000,000	)		(140,760	)		(327,335	)		(186,575	)
USD Put/MXN Call		MXN	18.930	DBAG		10/23/18		(19,800,000	)		USD	(19,800,000	)		(144,540	)		(312,602	)		(168,062	)
USD Put/RUB Call		RUB	68.500	DBAG		10/26/18		(24,500,000	)		USD	(24,500,000	)		(218,050	)		(1,120,409	)		(902,359	)
Totals														$	(2,571,558	)	$	(2,405,631	)	$	165,927

Inflation Capped Options	Initial Index		Counterparty	Exercise Index	Expiration Date		Number of Contracts			Notional Amount				Premiums Received			Market Value			Unrealized Appreciation
Floor - OTC CPURNSA Index		215.949	DBAG	Maximum of [(1 + 0.000%)10 - (Final Index/Initial Index)] or 0 USD		03/10/20		(5,800,000	)		USD	(5,800,000	)	$	(43,500	)	$	—		$	43,500
Floor - OTC CPURNSA Index		215.949	CBNA	Maximum of [(1 + 0.000%)10 - (Final Index/Initial Index)] or 0 USD		03/12/20		(16,200,000	)		USD	(16,200,000	)		(137,080	)		—			137,080
Floor - OTC CPURNSA Index		216.687	CBNA	Maximum of [(1 + 0.000%)10 - (Final Index/Initial Index)] or 0 USD		04/07/20		(38,800,000	)		USD	(38,800,000	)		(346,040	)		—			346,040
Floor - OTC CPURNSA Index		217.965	CBNA	Maximum of [(1 + 0.000%)10 - (Final Index/Initial Index)] or 0 USD		09/29/20		(17,500,000	)		USD	(17,500,000	)		(225,750	)		(2	)		225,748
Floor - OTC CPURNSA Index		218.011	DBAG	Maximum of [(1 + 0.000%))0 - (Final Index/Initial Index)] or 0 USD		10/13/20		(18,000,000	)		USD	(18,000,000	)		(176,400	)		—			176,400
Totals														$	(928,770	)	$	(2	)	$	928,768

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 Depreciation
Put - 5 Yr. IRS		2.750	%		GSBU		3M LIBOR		Pay		12/12/19		(21,300,000	)		USD	(21,300,000	)	$	(232,364	)	$	(518,783	)	$	(286,419	)

BHFTI-320

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Swap Agreements

Centrally Cleared Interest Rate Swaps

Pay/Receive Floating Rate	Floating Rate Index	Payment Frequency		Fixed Rate	Payment Frequency		Maturity Date		Notional Amount			Market Value			Upfront Premiums Paid/ (Received)			Unrealized Appreciation/ (Depreciation)
Pay	3M LIBOR		Quarterly	1.963%		Semi-Annually		12/05/19		USD	121,200,000	$	(1,208,279	)	$	—		$	(1,208,279	)
Pay	3M LIBOR		Quarterly	2.800%		Semi-Annually		08/22/23		USD	143,200,000		(1,797,213	)		—			(1,797,213	)
Pay	6M EURIBOR		Semi-Annually	1.000%		Annually		03/20/29		EUR	250,300,000		(2,518,135	)		(1,023,898	)		(1,494,237	)
Pay	6M EURIBOR		Semi-Annually	1.250%		Annually		12/19/28		EUR	27,700,000		677,320			475,319			202,001
Pay	6M EURIBOR		Semi-Annually	1.500%		Annually		03/20/49		EUR	21,400,000		(407,624	)		(427,651	)		20,027
Pay	6M EURIBOR		Semi-Annually	1.501%		Annually		07/04/42		EUR	53,800,000		(245,792	)		—			(245,792	)
Pay	12M CDI		Maturity	7.500%		Maturity		01/02/20		BRL	981,600,000		(1,162,773	)		(521,465	)		(641,308	)
Pay	12M CDI		Maturity	7.750%		Maturity		01/02/20		BRL	1,107,300,000		(471,057	)		(349,592	)		(121,465	)
Pay	12M CDI		Maturity	8.475%		Maturity		01/02/20		BRL	818,600,000		805,581			67,172			738,409
Pay	12M CDI		Maturity	8.850%		Maturity		01/02/20		BRL	624,000,000		1,148,713			545,933			602,780
Receive	3M CBA		Semi-Annually	1.750%		Semi-Annually		12/16/46		CAD	4,500,000		804,017			570,938			233,079
Receive	3M LIBOR		Semi-Annually	2.250%		Semi-Annually		06/20/28		USD	159,400,000		11,616,973			9,015,763			2,601,210
Receive	3M LIBOR		Semi-Annually	2.905%		Semi-Annually		08/22/48		USD	10,200,000		536,551			—			536,551
Receive	3M LIBOR		Semi-Annually	2.930%		Semi-Annually		08/22/48		USD	11,900,000		566,332			—			566,332
Receive	3M LIBOR		Semi-Annually	2.940%		Semi-Annually		08/22/48		USD	10,400,000		474,096			—			474,096
Receive	6M LIBOR		Semi-Annually	0.300%		Semi-Annually		03/18/26		JPY	28,050,000,000		(839,574	)		(1,849,950	)		1,010,376
Receive	6M LIBOR		Semi-Annually	0.300%		Semi-Annually		03/18/26		JPY	31,660,000,000		(974,981	)		(2,378,204	)		1,403,223
Receive	6M LIBOR		Semi-Annually	0.300%		Semi-Annually		09/20/27		JPY	6,210,000,000		108,426			(221,307	)		329,733
Receive	6M LIBOR		Semi-Annually	0.300%		Semi-Annually		03/20/28		JPY	3,500,000,000		132,758			251,206			(118,448	)
Receive	6M LIBOR		Semi-Annually	0.380%		Semi-Annually		06/18/28		JPY	290,000,000		(5,671	)		4,725			(10,396	)
Receive	6M LIBOR		Semi-Annually	0.399%		Semi-Annually		06/18/28		JPY	2,220,000,000		(79,337	)		(1,920	)		(77,417	)
Receive	6M LIBOR		Semi-Annually	0.450%		Semi-Annually		03/20/29		JPY	2,390,000,000		(81,736	)		(176,533	)		94,797
Receive	6M LIBOR		Semi-Annually	0.750%		Semi-Annually		03/20/38		JPY	7,260,000,000		144,957			267,333			(122,376	)
Receive	6M LIBOR		Semi-Annually	1.000%		Semi-Annually		03/21/48		JPY	540,000,000		(41,203	)		(16,864	)		(24,339	)
Receive	6M LIBOR		Semi-Annually	1.250%		Semi-Annually		03/20/24		GBP	92,900,000		1,603,819			1,710,818			(106,999	)
Receive	6M LIBOR		Semi-Annually	1.500%		Semi-Annually		12/19/28		GBP	9,100,000		196,000			151,925			44,075
Receive	6M LIBOR		Semi-Annually	1.500%		Semi-Annually		03/20/29		GBP	37,200,000		931,596			636,732			294,864
Receive	6M LIBOR		Semi-Annually	1.500%		Semi-Annually		12/19/48		GBP	34,900,000		2,752,219			164,272			2,587,947
Receive	6M LIBOR		Semi-Annually	1.750%		Semi-Annually		03/20/49		GBP	21,900,000		64,044			(134,328	)		198,372
Totals													$12,730,027			$6,760,424			$5,969,603

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

Reference Obligation	Fixed Deal Receive Rate			Payment Frequency	Maturity Date		Implied Credit Spread at September 30, 2018(b)			Notional Amount(c)			Market Value			Upfront Premiums Paid/ (Received)			Unrealized Appreciation/ (Depreciation)
Berkshire Hathaway, Inc. 1.550%, due 02/09/18		1.000	%	Quarterly		12/20/21		0.334	%		USD	10,500,000	$	216,098		$	248,233		$	(32,135	)
CDX.NA.IG.30		1.000	%	Quarterly		06/20/23		0.543	%		USD	9,600,000		191,309			142,571			48,738
CDX.NA.IG.31		1.000	%	Quarterly		12/20/23		1.057	%		USD	39,200,000		757,579			716,998			40,581
Goldman Sach Group, Inc. 5.950%, due 1/18/18		1.000	%	Quarterly		09/20/20		0.269	%		USD	22,500,000		318,625			403,903			(85,278	)
Royal Bank of Scotland Group plc 1.500%, due 11/28/16		1.000	%	Quarterly		06/20/23		1.088	%		EUR	14,300,000		(67,664	)		(7,792	)		(59,872	)
Tesco plc 6.000%, due 12/14/29		1.000	%	Quarterly		06/20/22		0.649	%		EUR	24,700,000		376,512			108,498			268,014
Totals													$	1,792,459		$	1,612,411		$	180,048

BHFTI-321

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

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

Reference Obligation	Fixed Deal Receive Rate			Payment Frequency		Maturity Date		Counterparty	Implied Credit Spread at September 30, 2018(b)			Notional Amount(c)			Market Value			Upfront Premium Paid/ (Received)			Unrealized Appreciation/ (Depreciation)
Avolon Holdings, Ltd. 4.500%, due 03/15/23		5.000	%		Quarterly		07/01/20	UBSA		0.000	%		USD	5,500,000	$	309,945		$	322,061		$	(12,116	)
Petrobras International Finance Co. S.A. 8.375%, due 12/10/18		1.000	%		Quarterly		12/20/19	BNP		1.335	%		USD	3,200,000		(12,943	)		(382,937	)		369,994
Petrobras International Finance Co. S.A. 8.375%, due 12/10/18		1.000	%		Quarterly		03/20/20	BNP		1.565	%		USD	1,600,000		(13,054	)		(308,005	)		294,951
Republic of South Africa 5.500%, due 03/09/20		1.000	%		Quarterly		12/20/23	GSI		2.020	%		USD	4,500,000		(212,667	)		(231,935	)		19,268
Republic of South Africa 5.500%, due 03/09/20		1.000	%		Quarterly		12/20/23	JPMC		2.020	%		USD	9,780,000		(462,197	)		(494,430	)		32,233
Russian Federation 7.500%, due 03/31/30		1.000	%		Quarterly		12/20/23	JPMC		1.432	%		USD	29,000,000		(588,779	)		(753,453	)		164,674
Totals															$	(979,695	)	$	(1,848,699	)	$	869,004

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

Glossary of Abbreviations

Counterparties

(BBP)—	Barclays Bank plc
(BNP)—	BNP Paribas S.A.
(CBNA)—	Citibank N.A.
(CSI)—	Credit Suisse International
(DBAG)—	Deutsche Bank AG
(GSBU)—	Goldman Sachs Bank USA
(GSI)—	Goldman Sachs International
(JPMC)—	JPMorgan Chase Bank N.A.
(SG)—	Societe Generale Paris
(UBSA)—	UBS AG

Currencies

(AUD)—	Australian Dollar
(BRL)—	Brazilian Real
(CAD)—	Canadian Dollar
(DKK)—	Danish Krone
(EUR)—	Euro
(GBP)—	British Pound
(INR)—	Indian Rupee
(JPY)—	Japanese Yen
(KRW)—	South Korean Won
(MXN)—	Mexican Peso
(MYR)—	Malaysian Ringgit
(RUB)—	Russian Ruble
(SEK)—	Swedish Krona
(SGD)—	Singapore Dollar
(TRY)—	Turkish Lira
(USD)—	United States Dollar
(ZAR)—	South African Rand

Index Abbreviations

(CDI)—	Brazil Interbank Deposit Rate
(CBA)—	Canada Bankers’ Acceptances Rate
(CDX.NA.IG)—	Markit North America Investment Grade CDS Index
(CMT)—	U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index

(COFI)—	11th District Cost of Funds Index
(CPURNSA)—	U.S. Consumer Price Index for All Urban Consumers Non-Seasonally Adjusted
(EURIBOR)—	Euro InterBank Offered Rate
(LIBOR)—	London Interbank Offered Rate
(MTA)—	Monthly Treasury Average Index
(PRIME)—	U.S. Federal Reserve Prime Rate

Other Abbreviations

(ARM)—	Adjustable-Rate Mortgage
(CLO)—	Collateralized Loan Obligation

(CMO)—	Collateralized Mortgage Obligation
(IRS)—	Interest Rate Swap
(REMIC)—	Real Estate Mortgage Investment Conduit

BHFTI-322

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1			Level 2			Level 3		Total
Total U.S. Treasury & Government Agencies*	$	—		$	4,529,660,861		$	—	$	4,529,660,861
Total Corporate Bonds & Notes*		—			2,441,209,611			—		2,441,209,611
Total Asset-Backed Securities*		—			1,043,843,837			—		1,043,843,837
Total Foreign Government*		—			191,360,610			—		191,360,610
Total Mortgage-Backed Securities*		—			293,741,632			—		293,741,632
Total Municipals		—			30,770,478			—		30,770,478
Total Floating Rate Loan*		—			5,398,620			—		5,398,620
Total Short-Term Investments*		—			1,013,606,070			—		1,013,606,070
Purchased Options
Interest Rate Swaptions at Value		—			376,006			—		376,006
Options on Exchange-Traded Futures Contracts at Value		19,148			—			—		19,148
OTC Interest Rate Options at Value		—			—			—		—
Total Purchased Options		19,148			376,006			—		395,154
Total Investments	$	19,148		$	9,549,967,725		$	—	$	9,549,986,873
Total Reverse Repurchase Agreements (Liability)	$	—		$	(8,385,000	)	$	—	$	(8,385,000	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	74,541,984		$	—	$	74,541,984
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(15,589,328	)		—		(15,589,328	)
Total Forward Contracts	$	—		$	58,952,656		$	—	$	58,952,656
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	20,309,390		$	—		$	—	$	20,309,390
Futures Contracts (Unrealized Depreciation)		(22,996,467	)		—			—		(22,996,467	)
Total Futures Contracts	$	(2,687,077	)	$	—		$	—	$	(2,687,077	)
Written Options
Foreign Currency Options at Value	$	—		$	(2,405,631	)	$	—	$	(2,405,631	)
Inflation Capped Options at Value		—			(2	)		—		(2	)
Interest Rate Swaptions at Value		—			(518,783	)		—		(518,783	)
Total Written Options	$	—		$	(2,924,416	)	$	—	$	(2,924,416	)
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Appreciation)	$	—		$	12,295,205		$	—	$	12,295,205
Centrally Cleared Swap Contracts (Unrealized Depreciation)		—			(6,145,554	)		—		(6,145,554	)
Total Centrally Cleared Swap Contracts	$	—		$	6,149,651		$	—	$	6,149,651
OTC Swap Contracts
OTC Swap Contracts at Value (Assets)	$	—		$	309,945		$	—	$	309,945
OTC Swap Contracts at Value (Liabilities)		—			(1,289,640	)		—		(1,289,640	)
Total OTC Swap Contracts	$	—		$	(979,695	)	$	—	$	(979,695	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-323

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—34.7% of Net Assets

Security Description	Principal Amount*		Value
Aerospace/Defense—0.5%
General Dynamics Corp. 2.875%, 05/11/20		4,675,000	$	4,663,552
United Technologies Corp. 3.950%, 08/16/25		4,686,000		4,656,261
				9,319,813
Agriculture—0.5%
BAT Capital Corp. 3.222%, 08/15/24 (144A)		11,186,000		10,658,885
Auto Manufacturers—0.1%
General Motors Co. 5.950%, 04/01/49		2,178,000		2,160,175
Banks—11.3%
Banco Santander S.A. 3.125%, 02/23/23		5,200,000		4,934,093
3.457%, 3M LIBOR + 1.120%, 04/12/23 (a)		400,000		400,790
Bank of America Corp. 2.816%, 3M LIBOR + 0.930%, 07/21/23 (a)		2,250,000		2,173,861
2.881%, 3M LIBOR + 1.021%, 04/24/23 (a)		3,335,000		3,242,345
3.300%, 01/11/23		1,410,000		1,388,809
3.366%, 3M LIBOR + 0.810%, 01/23/26 (a)		2,730,000		2,624,301
3.705%, 3M LIBOR + 1.512%, 04/24/28 (a)		6,295,000		6,055,996
4.443%, 3M LIBOR + 1.990%, 01/20/48 (a)		2,010,000		1,994,721
Bank of Ireland Group plc 4.500%, 11/25/23 (144A)		7,533,000		7,520,254
Bank of Montreal 3.101%, 3M LIBOR + 0.790%, 08/27/21 (a)		2,500,000		2,533,750
Bank of Nova Scotia (The) 2.629%, 3M LIBOR + 0.290% 01/08/21 (a) (b)		5,000,000		5,004,570
4.650%, 3M LIBOR + 2.648%, 10/12/22 (a)		1,185,000		1,111,678
Barclays Bank plc 5.140%, 10/14/20		940,000		963,182
10.179%, 06/12/21 (144A)		2,795,000		3,183,817
Barclays plc 4.375%, 09/11/24		2,090,000		2,015,977
BB&T Corp. 2.850%, 10/26/24		7,207,000		6,894,327
2.904%, 3M LIBOR + 0.570%, 06/15/20 (a)		4,615,000		4,643,337
BPCE S.A. 3.000%, 05/22/22 (144A)		6,965,000		6,732,571
Capital One Financial Corp. 3.050%, 03/09/22		3,330,000		3,255,287
3.200%, 02/05/25		970,000		912,381
Capital One N.A. 2.350%, 01/31/20		3,000,000		2,966,568
2.950%, 07/23/21		860,000		845,566
Citigroup, Inc. 3.300%, 04/27/25		2,775,000		2,664,232
3.887%, 3M LIBOR + 1.563%, 01/10/28 (a)		5,330,000		5,171,027
4.044%, 3M LIBOR + 1.023%, 06/01/24 (a)		8,420,000		8,450,959
Comerica, Inc. 3.700%, 07/31/23		2,345,000		2,331,735

Security Description	Principal Amount*		Value
Banks—(Continued)
Compass Bank 3.500%, 06/11/21		5,000,000	$	4,974,385
Cooperative Rabobank UA 2.765%, 3M LIBOR + 0.430%, 04/26/21 (a)		1,955,000		1,959,109
3.875%, 02/08/22		700,000		705,438
11.000%, 3M LIBOR + 10.868%, 06/30/19 (144A) (a)		3,395,000		3,583,423
Credit Suisse Group AG 3.869%, 3M LIBOR + 1.410%, 01/12/29 (144A) (a)		7,725,000		7,267,544
Deutsche Bank AG 3.950%, 02/27/23		3,613,000		3,507,608
Discover Bank 3.100%, 06/04/20		2,500,000		2,484,170
3.200%, 08/09/21		1,000,000		986,757
3.350%, 02/06/23		1,415,000		1,373,740
Fifth Third Bank 2.971%, 3M LIBOR + 0.590%, 09/27/19 (a)		1,540,000		1,543,537
First Republic Bank 4.625%, 02/13/47		1,945,000		1,874,833
Goldman Sachs Group, Inc. (The) 2.905%, 3M LIBOR + 0.990%, 07/24/23 (a)		7,274,000		7,025,015
3.625%, 01/22/23		3,440,000		3,426,364
5.250%, 07/27/21		1,460,000		1,528,449
5.750%, 01/24/22		2,000,000		2,127,436
HSBC Holdings plc 2.650%, 01/05/22		1,885,000		1,829,012
2.950%, 05/25/21		5,000,000		4,931,881
4.875%, 01/14/22		1,555,000		1,612,222
JPMorgan Chase & Co. 3.077%, 3M LIBOR + 0.730%, 04/23/24 (a) (b)		8,360,000		8,322,316
4.203%, 3M LIBOR + 1.260%, 07/23/29 (a)		7,310,000		7,274,136
M&T Bank Corp. 5.125%, 3M LIBOR + 3.520%, 11/01/26 (a)		1,799,000		1,812,493
Manufacturers & Traders Trust Co. 3.400%, 08/17/27		6,771,000		6,500,882
Morgan Stanley 3.750%, 02/25/23		1,140,000		1,139,510
3.875%, 01/27/26		10,097,000		9,920,042
4.000%, 07/23/25		535,000		532,967
PNC Bank N.A. 2.950%, 02/23/25		2,425,000		2,313,978
3.100%, 10/25/27		5,510,000		5,189,738
3.250%, 06/01/25		1,290,000		1,250,328
Regions Bank 2.750%, 04/01/21		5,735,000		5,633,068
Regions Financial Corp. 2.750%, 08/14/22		2,000,000		1,928,339
Royal Bank of Scotland Group plc 3.875%, 09/12/23		3,365,000		3,269,452
Standard Chartered plc 3.885%, 3M LIBOR + 1.080%, 03/15/24 (144A) (a)		9,190,000		8,977,783
SunTrust Bank 2.590%, 3M LIBOR + 0.298%, 01/29/21 (a)		2,500,000		2,474,164
SunTrust Banks, Inc. 2.700%, 01/27/22		1,690,000		1,644,186
U.S. Bank N.A. 2.655%, 3M LIBOR + 0.320% 04/26/21 (a)		859,000		862,150

BHFTI-324

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
UBS Group Funding Switzerland AG 4.125%, 09/24/25 (144A)		6,210,000	$	6,168,306
ZB N.A. 3.500%, 08/27/21		2,135,000		2,122,502
				220,093,397
Beverages—0.5%
Anheuser-Busch InBev Worldwide, Inc. 3.077%, 3M LIBOR + 0.740%, 01/12/24 (a)		1,645,000		1,652,432
4.375%, 04/15/38		1,805,000		1,734,788
Keurig Dr Pepper, Inc. 3.551%, 05/25/21 (144A)		2,965,000		2,959,621
4.057%, 05/25/23 (144A)		2,965,000		2,968,650
				9,315,491
Biotechnology—0.2%
Amgen, Inc. 2.650%, 05/11/22		3,595,000		3,490,992
Building Materials—0.4%
Boral Finance Pty, Ltd. 3.000%, 11/01/22 (144A)		6,495,000		6,248,593
Johnson Controls International plc 3.750%, 12/01/21		660,000		663,919
4.500%, 02/15/47		215,000		205,889
Martin Marietta Materials, Inc. 2.838%, 3M LIBOR + 0.500%, 12/20/19 (a)		1,500,000		1,503,692
				8,622,093
Chemicals—0.8%
Chevron Phillips Chemical Co. LLC / Chevron Phillips Chemical Co. L.P. 2.450%, 05/01/20 (144A)		500,000		494,261
International Flavors & Fragrances, Inc. 4.450%, 09/26/28		1,803,000		1,818,091
5.000%, 09/26/48		3,847,000		3,847,134
Mosaic Co. (The) 3.250%, 11/15/22		3,325,000		3,246,624
Sherwin-Williams Co. (The) 3.450%, 06/01/27		6,706,000		6,377,937
				15,784,047
Commercial Services—0.1%
Equifax, Inc. 3.950%, 06/15/23		1,785,000		1,772,485
Computers—0.4%
Hewlett Packard Enterprise Co. 3.600%, 10/15/20		7,080,000		7,113,418
Diversified Financial Services—0.3%
Capital One Bank USA N.A. 3.375%, 02/15/23		1,225,000		1,191,605
High Street Funding Trust II 4.682%, 02/15/48 (144A)		1,470,000		1,455,785

Security Description	Principal Amount*		Value
Diversified Financial Services—(Continued)
Synchrony Financial 3.950%, 12/01/27		2,925,000	$	2,650,144
				5,297,534
Electric—1.3%
Berkshire Hathaway Energy Co. 3.800%, 07/15/48		6,000,000		5,406,905
6.500%, 09/15/37		345,000		425,651
Duke Energy Carolinas LLC 4.300%, 06/15/20		540,000		552,237
Duke Energy Corp. 3.750%, 09/01/46		4,000,000		3,509,657
Duke Energy Florida LLC 6.400%, 06/15/38		1,925,000		2,463,819
Duke Energy Ohio, Inc. 3.700%, 06/15/46		660,000		598,166
Electricite de France S.A. 6.500%, 01/26/19 (144A)		180,000		182,102
Enel Finance International NV 4.625%, 09/14/25 (144A)		3,804,000		3,721,716
PPL Electric Utilities Corp. 4.750%, 07/15/43		625,000		665,064
Public Service Co. of Colorado 4.750%, 08/15/41		1,065,000		1,117,403
Sempra Energy 3.800%, 02/01/38		5,720,000		5,153,296
Southern California Edison Co. 4.500%, 09/01/40		1,025,000		1,033,501
5.500%, 03/15/40		335,000		376,794
				25,206,311
Electronics—0.1%
Amphenol Corp. 3.200%, 04/01/24		1,001,000		959,932
Keysight Technologies, Inc. 4.600%, 04/06/27		990,000		989,575
				1,949,507
Entertainment—0.2%
GLP Capital L.P. / GLP Financing II, Inc. 5.300%, 01/15/29		4,157,000		4,164,399
Food—0.7%
Campbell Soup Co. 4.800%, 03/15/48		1,032,000		935,694
General Mills, Inc. 3.346%, 3M LIBOR + 1.010%, 10/17/23 (a) (b)		2,395,000		2,413,096
Grupo Bimbo S.A.B. de C.V. 5.950%, 3M LIBOR + 3.280%, 04/17/23 (144A) (a)		3,715,000		3,724,287
Kroger Co. (The) 4.450%, 02/01/47		6,695,000		6,158,186
5.000%, 04/15/42		260,000		257,138
5.150%, 08/01/43		740,000		734,914
				14,223,315

BHFTI-325

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Gas—0.0%
NiSource, Inc. 4.800%, 02/15/44		230,000	$	232,461
Healthcare-Products—0.2%
Abbott Laboratories 4.750%, 11/30/36		1,758,000		1,868,974
Becton Dickinson & Co. 3.363%, 06/06/24		2,295,000		2,216,704
				4,085,678
Housewares—0.2%
Newell Brands, Inc. 3.850%, 04/01/23		1,681,000		1,645,039
4.200%, 04/01/26 (b)		2,500,000		2,376,722
				4,021,761
Insurance—1.4%
Allstate Corp. (The) 2.816%, 3M LIBOR + 0.430%, 03/29/21 (a)		1,645,000		1,646,963
American International Group, Inc. 3.875%, 01/15/35		3,230,000		2,924,615
AXA Equitable Holdings, Inc. 4.350%, 04/20/28 (144A)		1,685,000		1,629,249
Liberty Mutual Group, Inc. 5.000%, 06/01/21 (144A)		120,000		123,508
Manulife Financial Corp. 4.061%, 5Y USD Swap + 1.647%, 02/24/32 (a)		2,470,000		2,352,062
Progressive Corp. (The) 5.375%, 3M LIBOR + 2.539%, 03/15/23 (a) (b)		5,275,000		5,261,813
Prudential Financial, Inc. 4.500%, 3M LIBOR + 2.380% 09/15/47 (a) (b)		10,914,000		10,068,165
Swiss Re Treasury U.S. Corp. 4.250%, 12/06/42 (144A)		415,000		403,263
Voya Financial, Inc. 4.700%, 3M LIBOR + 2.084% 01/23/48 (144A) (a)		2,763,000		2,459,070
				26,868,708
Iron/Steel—0.2%
Nucor Corp. 4.400%, 05/01/48		4,115,000		4,014,604
Lodging—0.1%
Sands China, Ltd. 5.125%, 08/08/25 (144A) (b)		2,000,000		1,995,139
Machinery-Diversified—0.4%
Roper Technologies, Inc. 3.650%, 09/15/23		5,384,000		5,347,443
3.800%, 12/15/26		3,000,000		2,915,404
				8,262,847

Security Description	Principal Amount*		Value
Media—0.8%
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. 4.464%, 07/23/22		1,345,000	$	1,367,284
4.908%, 07/23/25		3,835,000		3,892,350
Comcast Corp. 3.150%, 02/15/28		2,437,000		2,258,214
COX Communications, Inc. 4.600%, 08/15/47 (144A)		8,130,000		7,586,635
				15,104,483
Mining—0.5%
Barrick North America Finance LLC 5.750%, 05/01/43		5,995,000		6,646,040
BHP Billiton Finance USA, Ltd. 5.000%, 09/30/43		585,000		648,456
Corp. Nacional del Cobre de Chile 4.500%, 09/16/25 (144A)		3,092,000		3,154,497
				10,448,993
Miscellaneous Manufacturing—0.4%
General Electric Co. 5.000%, 3M LIBOR + 3.330%, 01/21/21 (a) (b)		2,515,000		2,451,811
Hexcel Corp. 3.950%, 02/15/27		1,382,000		1,341,841
Ingersoll-Rand Global Holding Co., Ltd. 2.900%, 02/21/21		2,680,000		2,648,460
Siemens Financieringsmaatschappij NV 2.700%, 03/16/22 (144A)		1,530,000		1,492,599
				7,934,711
Multi-National—0.1%
FMS Wertmanagement AoeR 1.625%, 11/20/18		1,215,000		1,213,785
Oil & Gas—2.7%
Anadarko Petroleum Corp. 5.550%, 03/15/26		4,514,000		4,796,157
Andeavor 3.800%, 04/01/28		925,000		879,123
4.500%, 04/01/48		3,745,000		3,485,025
Canadian Natural Resources, Ltd. 3.850%, 06/01/27 (b)		4,521,000		4,400,773
Cenovus Energy, Inc. 5.400%, 06/15/47		8,650,000		8,702,142
Concho Resources, Inc. 3.750%, 10/01/27		4,515,000		4,307,447
Continental Resources, Inc. 4.375%, 01/15/28		1,497,000		1,484,923
Devon Energy Corp. 3.250%, 05/15/22		2,510,000		2,463,844
5.000%, 06/15/45		3,000,000		2,996,737
5.850%, 12/15/25		2,595,000		2,826,822
EQT Corp. 3.900%, 10/01/27		9,620,000		9,009,998

BHFTI-326

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Oil & Gas—(Continued)
Nabors Industries, Inc. 5.500%, 01/15/23 (b)		905,000	$	888,845
Noble Energy, Inc. 3.850%, 01/15/28 (b)		1,255,000		1,184,881
5.050%, 11/15/44		4,030,000		3,898,180
6.000%, 03/01/41		350,000		374,039
Valero Energy Corp. 6.625%, 06/15/37		905,000		1,092,904
				52,791,840
Packaging & Containers—0.1%
Packaging Corp. of America 2.450%, 12/15/20		1,020,000		1,000,125
Pharmaceuticals—1.8%
AbbVie, Inc. 3.200%, 05/14/26		2,406,000		2,239,544
4.250%, 11/14/28		3,045,000		2,999,430
Bayer U.S. Finance LLC 4.250%, 12/15/25 (144A)		9,615,000		9,542,642
CVS Health Corp. 3.700%, 03/09/23		2,409,000		2,398,225
5.050%, 03/25/48		6,350,000		6,487,452
Shire Acquisitions Investments Ireland DAC 2.400%, 09/23/21		8,910,000		8,608,396
Teva Pharmaceutical Finance Netherlands III B.V. 2.200%, 07/21/21		3,125,000		2,936,344
				35,212,033
Pipelines—2.2%
Enbridge, Inc. 6.000%, 3M LIBOR + 3.890%, 01/15/77 (a)		5,045,000		4,871,514
Energy Transfer Partners L.P. 4.050%, 03/15/25		2,257,000		2,208,645
5.150%, 02/01/43		1,200,000		1,138,688
6.625%, 3M LIBOR + 4.155%, 02/15/28 (a) (b)		2,500,000		2,393,750
EnLink Midstream Partners L.P. 4.850%, 07/15/26		5,746,000		5,568,845
Enterprise Products Operating LLC 5.375%, 3M LIBOR + 2.570%, 02/15/78 (a)		2,785,000		2,575,092
Fermaca Enterprises S de RL de C.V. 6.375%, 03/30/38 (144A)		432,858		441,515
MPLX L.P. 4.500%, 04/15/38		8,735,000		8,222,567
ONEOK Partners L.P. 8.625%, 03/01/19		145,000		148,278
Sabine Pass Liquefaction LLC 4.200%, 03/15/28		7,000,000		6,786,864
5.625%, 03/01/25		820,000		874,228
Williams Partners L.P. 4.000%, 09/15/25		5,105,000		5,020,888
4.850%, 03/01/48		1,275,000		1,230,572
5.400%, 03/04/44		555,000		572,718
				42,054,164

Security Description	Principal Amount*		Value
Real Estate Investment Trusts—2.2%
Alexandria Real Estate Equities, Inc. 4.500%, 07/30/29		540,000	$	537,425
American Campus Communities Operating Partnership L.P. 3.750%, 04/15/23		444,000		438,650
American Tower Corp. 3.375%, 10/15/26		12,435,000		11,574,751
Boston Properties L.P. 3.200%, 01/15/25		3,853,000		3,685,219
Crown Castle International Corp. 3.200%, 09/01/24		2,235,000		2,125,603
3.700%, 06/15/26		7,555,000		7,216,286
Digital Realty Trust L.P. 3.700%, 08/15/27		10,845,000		10,296,325
Ventas Realty L.P. 3.500%, 02/01/25		1,740,000		1,660,686
4.400%, 01/15/29		2,000,000		1,987,816
Vornado Realty L.P. 3.500%, 01/15/25		4,345,000		4,157,872
				43,680,633
Retail—1.0%
Dollar Tree, Inc. 3.036%, 3M LIBOR + 0.700%, 04/17/20 (a)		4,480,000		4,486,810
Home Depot, Inc. (The) 4.250%, 04/01/46		350,000		356,979
5.950%, 04/01/41		990,000		1,231,109
McDonald’s Corp. 3.500%, 07/15/20		466,000		467,858
4.450%, 03/01/47		2,035,000		1,995,007
4.450%, 09/01/48		6,104,000		6,020,241
Target Corp. 2.500%, 04/15/26 (b)		1,675,000		1,550,722
3.625%, 04/15/46		245,000		221,844
3.900%, 11/15/47 (b)		3,005,000		2,833,918
				19,164,488
Semiconductors—0.5%
Analog Devices, Inc. 2.950%, 01/12/21		5,850,000		5,798,465
3.125%, 12/05/23		2,355,000		2,276,630
Texas Instruments, Inc. 4.150%, 05/15/48		1,400,000		1,401,838
				9,476,933
Software—0.2%
Microsoft Corp. 4.100%, 02/06/37		3,949,000		4,066,716
Telecommunications—1.8%
AT&T, Inc. 4.300%, 02/15/30 (144A)		7,783,000		7,479,652
Deutsche Telekom International Finance B.V. 2.789%, 3M LIBOR + 0.450%, 09/19/19 (144A) (a)		1,915,000		1,919,296
Motorola Solutions, Inc. 4.600%, 02/23/28		7,957,000		7,775,713

BHFTI-327

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*/ Shares		Value
Telecommunications—(Continued)
Telefonica Emisiones S.A.U. 4.665%, 03/06/38		250,000	$	234,579
5.213%, 03/08/47		5,700,000		5,528,981
Verizon Communications, Inc. 3.376%, 02/15/25		3,031,000		2,948,010
4.272%, 01/15/36		10,320,000		9,823,633
				35,709,864
Transportation—0.5%
Kansas City Southern 4.700%, 05/01/48		4,470,000		4,440,007
Norfolk Southern Corp. 2.900%, 06/15/26		3,500,000		3,284,986
3.150%, 06/01/27		1,000,000		946,921
Union Pacific Corp. 4.500%, 09/10/48		1,370,000		1,392,029
				10,063,943
Total Corporate Bonds & Notes (Cost $697,248,534)				676,575,771
Common Stocks—20.8%
Aerospace & Defense—0.2%
Curtiss-Wright Corp.		2,100		288,582
General Dynamics Corp.		8,200		1,678,704
Lockheed Martin Corp.		1,200		415,152
Raytheon Co.		4,500		929,970
				3,312,408
Air Freight & Logistics—0.0%
Royal Mail plc		32,332		200,848
Auto Components—0.4%
BorgWarner, Inc.		12,100		517,638
Bridgestone Corp.		17,100		646,223
Continental AG		3,909		680,462
Delphi Technologies plc		9,100		285,376
Gentex Corp.		39,444		846,468
Keihin Corp.		10,400		214,939
Lear Corp.		4,000		580,000
Linamar Corp.		6,100		281,044
Magna International, Inc.		11,600		609,345
NHK Spring Co., Ltd.		18,100		188,051
Nokian Renkaat Oyj		17,047		697,619
Stanley Electric Co., Ltd.		15,800		540,218
Toyota Boshoku Corp.		20,100		375,312
TS Tech Co., Ltd.		2,800		96,598
Unipres Corp.		4,500		87,509
Xinyi Glass Holdings, Ltd.		382,000		482,355
				7,129,157

Security Description	Shares		Value
Automobiles—0.1%
Isuzu Motors, Ltd.		10,000	$	157,622
Mazda Motor Corp.		11,700		140,493
Subaru Corp.		18,000		551,411
Suzuki Motor Corp.		6,000		343,748
Thor Industries, Inc. (b)		6,400		535,680
Yamaha Motor Co., Ltd.		5,600		157,030
				1,885,984
Banks—1.3%
Aichi Bank, Ltd. (The)		600		26,829
Aozora Bank, Ltd.		2,000		71,464
Awa Bank, Ltd. (The)		3,400		105,479
Bank Hapoalim B.M.		31,443		229,817
Bank Leumi Le-Israel B.M.		43,871		288,956
Bank of America Corp.		139,900		4,121,454
Bank of China, Ltd. - Class H		936,000		413,966
Barclays plc		384,997		860,757
BNP Paribas S.A.		21,537		1,316,250
Chiba Bank, Ltd. (The)		62,000		423,424
China Construction Bank Corp. - Class H		350,000		303,599
Citigroup, Inc.		28,400		2,037,416
Fifth Third Bancorp (b)		47,200		1,317,824
Hachijuni Bank, Ltd. (The)		61,600		282,528
HSBC Holdings plc		61,650		538,165
Iyo Bank, Ltd. (The)		25,400		158,713
Japan Post Bank Co., Ltd.		18,000		212,757
JPMorgan Chase & Co.		30,800		3,475,472
KeyCorp		45,800		910,962
Mediobanca S.p.A.		21,209		211,221
Mitsubishi UFJ Financial Group, Inc.		31,600		196,698
Mizuho Financial Group, Inc.		308,700		538,289
Royal Bank of Scotland Group plc		301,559		974,915
Seven Bank, Ltd. (b)		128,900		407,328
Shinsei Bank, Ltd.		7,800		127,476
Shizuoka Bank, Ltd. (The)		51,000		457,818
Societe Generale S.A.		18,505		793,551
Standard Chartered plc		84,054		696,100
Sumitomo Mitsui Financial Group, Inc.		17,600		710,359
UniCredit S.p.A.		37,793		566,626
Wells Fargo & Co.		66,900		3,516,264
				26,292,477
Beverages—0.2%
Ambev S.A.		43,300		196,635
Coca-Cola Co. (The)		20,400		942,276
Diageo plc		15,194		538,086
PepsiCo, Inc.		19,400		2,168,920
				3,845,917
Biotechnology—0.5%
AbbVie, Inc.		34,358		3,249,580
Amgen, Inc.		15,260		3,163,245
Biogen, Inc. (c)		5,300		1,872,543

BHFTI-328

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Biotechnology—(Continued)
Gilead Sciences, Inc.		23,800	$	1,837,598
United Therapeutics Corp. (c)		1,000		127,880
				10,250,846
Building Products—0.1%
Aica Kogyo Co., Ltd.		3,900		157,582
Allegion plc		12,300		1,114,011
Assa Abloy AB - Class B		40,077		805,587
				2,077,180
Capital Markets—0.7%
Affiliated Managers Group, Inc.		9,500		1,298,840
ASX, Ltd.		5,544		254,194
Bolsas y Mercados Espanoles SHMSF S.A.		19,430		626,729
CI Financial Corp.		64,000		1,016,251
Close Brothers Group plc		13,908		286,436
Daiwa Securities Group, Inc.		84,300		511,723
Deutsche Bank AG		23,420		267,087
FactSet Research Systems, Inc.		3,100		693,501
Federated Investors, Inc. - Class B		19,500		470,340
Franklin Resources, Inc. (b)		51,400		1,563,074
Goldman Sachs Group, Inc. (The)		6,290		1,410,470
IG Group Holdings plc		52,667		435,079
Invesco, Ltd.		65,200		1,491,776
Japan Exchange Group, Inc.		20,900		364,195
Nomura Holdings, Inc.		96,100		456,254
Platinum Asset Management, Ltd.		20,405		78,606
Singapore Exchange, Ltd.		53,400		287,771
State Street Corp.		4,500		377,010
UBS Group AG (c)		93,912		1,481,088
				13,370,424
Chemicals—0.7%
Air Products & Chemicals, Inc.		3,800		634,790
BASF SE		26,057		2,315,703
Celanese Corp.		9,700		1,105,800
Covestro AG		14,201		1,151,197
Daicel Corp.		41,700		484,571
Ingevity Corp. (c)		2,400		244,512
International Flavors & Fragrances, Inc. (b)		2,100		292,152
Lintec Corp.		2,700		69,149
Mitsubishi Chemical Holdings Corp.		46,000		440,261
Mitsubishi Gas Chemical Co., Inc.		8,000		170,312
Mosaic Co. (The) (b)		8,500		276,080
Nitto Denko Corp.		13,800		1,034,607
Novozymes A/S - B Shares		7,359		403,112
Petronas Chemicals Group Bhd		91,400		206,606
Praxair, Inc.		4,100		658,993
Shikoku Chemicals Corp.		2,000		27,764
Shin-Etsu Chemical Co., Ltd.		12,400		1,098,401
Sociedad Quimica y Minera de Chile S.A. (ADR)		5,200		237,744
Sumitomo Chemical Co., Ltd.		42,000		245,805
Sumitomo Seika Chemicals Co., Ltd.		1,300		72,993
Toagosei Co., Ltd.		9,100		104,994
Tosoh Corp.		12,400		190,977

Security Description	Shares		Value
Chemicals—(Continued)
Ube Industries, Ltd.		9,100	$	247,536
Victrex plc		20,590		895,678
Zeon Corp.		39,700		417,469
				13,027,206
Commercial Services & Supplies—0.1%
Babcock International Group plc		21,193		199,699
Deluxe Corp.		9,700		552,318
Pitney Bowes, Inc. (b)		16,087		113,896
Societe BIC S.A.		4,837		442,816
Transcontinental, Inc. - Class A		18,900		335,083
				1,643,812
Communications Equipment—0.2%
Cisco Systems, Inc.		76,500		3,721,725
Ituran Location and Control, Ltd.		6,700		230,480
				3,952,205
Construction & Engineering—0.1%
Hazama Ando Corp.		19,100		145,775
Kajima Corp.		37,000		537,617
Maeda Road Construction Co., Ltd.		13,300		270,504
Nichireki Co., Ltd.		2,000		21,644
Taisei Corp.		4,800		218,869
				1,194,409
Construction Materials—0.0%
Taiheiyo Cement Corp.		2,400		75,301
Consumer Finance—0.1%
Capital One Financial Corp.		9,800		930,314
Discover Financial Services		9,400		718,630
Gentera S.A.B. de C.V.		181,908		184,008
Synchrony Financial		19,800		615,384
				2,448,336
Containers & Packaging—0.1%
Packaging Corp. of America		15,100		1,656,319
Sonoco Products Co.		3,260		180,930
				1,837,249
Distributors—0.0%
Jardine Cycle & Carriage, Ltd.		5,200		121,638
Diversified Consumer Services—0.0%
H&R Block, Inc.		19,300		496,975
Diversified Financial Services—0.0%
Berkshire Hathaway, Inc. - Class B (c)		3,500		749,385
Zenkoku Hosho Co., Ltd.		3,000		120,002
				869,387
Diversified Telecommunication Services—0.6%
AT&T, Inc.		47,511		1,595,419

BHFTI-329

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Diversified Telecommunication Services—(Continued)
BCE, Inc.		15,300	$	619,865
Nippon Telegraph & Telephone Corp.		33,200		1,499,736
Singapore Telecommunications, Ltd.		875,500		2,063,372
Telekomunikasi Indonesia Persero Tbk PT		1,760,200		429,786
Telenor ASA		42,339		827,623
Telstra Corp., Ltd.		351,702		811,017
Verizon Communications, Inc.		50,500		2,696,195
Verizon Communications, Inc. (London Listed Shares) (b)		10,693		570,899
				11,113,912
Electric Utilities—0.1%
CLP Holdings, Ltd.		46,000		538,350
Enel Americas S.A. (ADR)		37,502		289,891
Enel S.p.A.		100,922		515,710
Red Electrica Corp. S.A.		39,888		833,634
				2,177,585
Electrical Equipment—0.2%
AMETEK, Inc.		4,300		340,216
Eaton Corp. plc		11,800		1,023,414
Emerson Electric Co.		7,100		543,718
Generac Holdings, Inc. (c)		4,800		270,768
Rockwell Automation, Inc.		6,100		1,143,872
Schneider Electric SE		19,336		1,555,631
				4,877,619
Electronic Equipment, Instruments & Components—0.2%
AAC Technologies Holdings, Inc.		17,000		174,535
Amphenol Corp. - Class A		4,800		451,296
Elite Material Co., Ltd.		52,000		146,425
Halma plc		24,096		453,472
Horiba, Ltd.		5,300		280,892
Keyence Corp.		200		116,029
Spectris plc		24,084		744,189
TE Connectivity, Ltd.		20,800		1,828,944
				4,195,782
Energy Equipment & Services—0.1%
CARBO Ceramics, Inc. (b) (c)		9,500		68,875
Diamond Offshore Drilling, Inc. (b) (c)		15,800		316,000
Dril-Quip, Inc. (b) (c)		2,600		135,850
Noble Corp. plc (c)		41,000		288,230
Precision Drilling Corp. (c)		61,000		210,630
Rowan Cos. plc - Class A (b) (c)		7,500		141,225
Schlumberger, Ltd.		22,200		1,352,424
ShawCor, Ltd.		2,800		53,522
Subsea 7 S.A.		6,451		95,465
TGS Nopec Geophysical Co. ASA		5,788		235,251
				2,897,472
Entertainment—0.2%
Viacom, Inc. - Class B		9,900		334,224
Walt Disney Co. (The) (b)		29,600		3,461,424
				3,795,648

Security Description	Shares		Value
Equity Real Estate Investment Trusts—0.0%
Park Hotels & Resorts, Inc.		18,500	$	607,170
Food & Staples Retailing—0.1%
Walgreens Boots Alliance, Inc.		14,700		1,071,630
Food Products—0.4%
Hershey Co. (The)		16,000		1,632,000
Ingredion, Inc.		1,568		164,577
Kellogg Co.		20,700		1,449,414
Mitsui Sugar Co., Ltd.		6,000		172,162
Nestle S.A.		48,122		4,008,855
Salmar ASA		8,553		426,933
Tiger Brands, Ltd.		18,644		348,347
				8,202,288
Health Care Equipment & Supplies—0.3%
Cochlear, Ltd.		1,460		212,943
DiaSorin S.p.A.		1,583		166,502
Hoya Corp.		10,200		605,532
IDEXX Laboratories, Inc. (c)		1,600		399,456
Medtronic plc		4,400		432,828
ResMed, Inc.		8,100		934,254
Smith & Nephew plc		23,983		437,070
Sonova Holding AG		3,421		680,654
Stryker Corp.		6,500		1,154,920
Varian Medical Systems, Inc. (b) (c)		11,000		1,231,230
William Demant Holding A/S (c)		7,140		268,127
				6,523,516
Health Care Providers & Services—0.4%
Chemed Corp.		300		95,874
Cigna Corp.		7,500		1,561,875
CVS Health Corp. (b)		21,000		1,653,120
Express Scripts Holding Co. (c)		11,300		1,073,613
McKesson Corp.		3,400		451,010
Medical Facilities Corp.		10,700		118,875
MEDNAX, Inc. (b) (c)		11,500		536,590
UnitedHealth Group, Inc.		8,500		2,261,340
				7,752,297
Health Care Technology—0.0%
Cerner Corp. (c)		7,900		508,839
EMIS Group plc		10,018		131,865
				640,704
Hotels, Restaurants & Leisure—0.1%
Greggs plc		9,036		124,189
KOMEDA Holdings Co., Ltd.		6,200		125,388
Las Vegas Sands Corp.		18,300		1,085,739
Playtech plc		25,015		158,365
Sands China, Ltd.		68,800		316,307
				1,809,988
Household Durables—0.2%
Barratt Developments plc		31,074		229,498
Berkeley Group Holdings plc		7,884		377,814

BHFTI-330

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Household Durables—(Continued)
Garmin, Ltd.		17,100	$	1,197,855
Haseko Corp.		18,500		239,191
Leggett & Platt, Inc. (b)		3,800		166,402
Nikon Corp.		25,800		484,776
Persimmon plc		11,098		341,786
Taylor Wimpey plc		128,835		287,936
Tupperware Brands Corp.		5,651		189,026
				3,514,284
Household Products—0.4%
Clorox Co. (The)		5,400		812,214
Colgate-Palmolive Co.		20,900		1,399,255
Energizer Holdings, Inc.		6,311		370,140
Kimberly-Clark Corp.		16,800		1,909,152
Procter & Gamble Co. (The)		33,359		2,776,470
Unicharm Corp.		31,900		1,053,649
				8,320,880
Industrial Conglomerates—0.2%
3M Co. (b)		10,500		2,212,455
Honeywell International, Inc.		10,700		1,780,480
Smiths Group plc		26,491		516,335
				4,509,270
Insurance—0.8%
Aflac, Inc.		47,900		2,254,653
Ageas		5,166		277,655
American National Insurance Co.		812		104,984
Athene Holding, Ltd. - Class A (c)		14,600		754,236
AXA S.A.		13,546		363,684
Axis Capital Holdings, Ltd.		2,400		138,504
CNA Financial Corp.		3,300		150,645
Everest Re Group, Ltd.		2,526		577,115
Legal & General Group plc		625,867		2,136,311
Lincoln National Corp.		14,600		987,836
Manulife Financial Corp.		32,300		577,406
Mapfre S.A.		123,742		386,072
National Western Life Group, Inc. - Class A		497		158,642
NN Group NV		13,798		614,663
Phoenix Holdings, Ltd. (The)		22,377		135,598
Principal Financial Group, Inc.		21,665		1,269,352
Prudential plc		15,498		355,386
RenaissanceRe Holdings, Ltd.		1,200		160,296
Societa Cattolica di Assicurazioni SC		13,705		117,814
Third Point Reinsurance, Ltd. (c)		16,100		209,300
Unum Group		46,800		1,828,476
Zurich Insurance Group AG		3,440		1,086,243
				14,644,871
Interactive Media & Services—0.6%
Alphabet, Inc. - Class A (c)		3,300		3,983,364
Alphabet, Inc. - Class C (c)		3,460		4,129,406
carsales.com, Ltd.		15,213		158,471
Facebook, Inc. - Class A (c)		23,000		3,782,580
Kakaku.com, Inc.		5,100		99,757
Mixi, Inc.		12,000		287,955
				12,441,533

Security Description	Shares		Value
Internet & Direct Marketing Retail—0.5%
Amazon.com, Inc. (c)		3,155	$	6,319,465
Booking Holdings, Inc. (c)		400		793,600
eBay, Inc. (c)		54,700		1,806,194
Moneysupermarket.com Group plc		36,991		134,384
				9,053,643
IT Services—0.8%
Accenture plc - Class A		2,800		476,560
Amdocs, Ltd.		14,103		930,516
Automatic Data Processing, Inc.		6,000		903,960
Broadridge Financial Solutions, Inc.		4,400		580,580
CGI Group, Inc. - Class A (c)		16,868		1,087,576
Cielo S.A.		90,200		273,601
Cognizant Technology Solutions Corp. - Class A		13,800		1,064,670
Computershare, Ltd.		44,205		635,030
Fiserv, Inc. (c)		12,200		1,005,036
FleetCor Technologies, Inc. (b) (c)		2,500		569,600
Infosys, Ltd. (ADR) (b)		59,600		606,132
MasterCard, Inc. - Class A		9,000		2,003,490
Nomura Research Institute, Ltd.		7,100		358,338
Obic Co., Ltd.		2,000		189,081
Paychex, Inc. (b)		12,000		883,800
Total System Services, Inc.		3,900		385,086
Visa, Inc. - Class A (b)		22,700		3,407,043
Wirecard AG		3,445		746,063
				16,106,162
Life Sciences Tools & Services—0.1%
Thermo Fisher Scientific, Inc.		1,200		292,896
Waters Corp. (c)		4,100		798,188
				1,091,084
Machinery—0.8%
Allison Transmission Holdings, Inc.		11,980		623,080
Atlas Copco AB - A Shares		40,739		1,172,790
Caterpillar, Inc.		1,800		274,482
China Conch Venture Holdings, Ltd.		21,500		74,987
Cummins, Inc.		10,800		1,577,556
Dover Corp.		4,200		371,826
Epiroc AB - Class A (c)		40,739		455,140
Fortive Corp.		8,200		690,440
Graco, Inc.		10,800		500,472
IDEX Corp.		6,029		908,329
Illinois Tool Works, Inc. (b)		13,500		1,905,120
IMI plc		52,423		748,510
Interpump Group S.p.A.		6,499		212,788
Kyokuto Kaihatsu Kogyo Co., Ltd.		3,000		47,525
Parker-Hannifin Corp.		700		128,751
Sandvik AB		18,219		323,356
SKF AB - B Shares		84,652		1,668,225
SMC Corp.		2,300		736,300
Snap-on, Inc. (b)		7,100		1,303,560
Tocalo Co., Ltd.		17,700		182,333
Toro Co. (The) (b)		10,900		653,673

BHFTI-331

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Machinery—(Continued)
Zardoya Otis S.A.		68,050	$	633,301
				15,192,544
Media—0.4%
AMC Networks, Inc. - Class A (b) (c)		6,900		457,746
Comcast Corp. - Class A		43,100		1,526,171
Discovery, Inc. - Class A (b) (c)		17,300		553,600
Gannett Co., Inc.		14,987		150,020
Mediaset Espana Comunicacion S.A.		53,104		386,529
Metropole Television S.A.		16,471		331,908
Omnicom Group, Inc. (b)		20,700		1,408,014
ProSiebenSat.1 Media SE		17,476		453,899
Publicis Groupe S.A.		25,960		1,548,324
SKY Network Television, Ltd.		27,790		40,519
WPP plc		53,079		775,933
				7,632,663
Metals & Mining—0.3%
Acacia Mining plc (c)		63,155		109,214
Anglo American plc		18,687		418,580
Antofagasta plc		15,857		176,295
APERAM S.A. (b)		1,936		88,745
Argonaut Gold, Inc. (c)		45,200		50,041
Barrick Gold Corp.		20,700		229,012
BHP Billiton plc		44,935		976,501
BHP Billiton, Ltd.		12,997		323,529
Centamin plc		168,112		232,384
Centerra Gold, Inc. (c)		45,900		183,010
Eldorado Gold Corp. (b) (c)		39,900		34,907
Ferrexpo plc		23,500		61,218
Goldcorp, Inc.		19,000		193,582
Highland Gold Mining, Ltd.		5,802		11,081
Perseus Mining, Ltd. (c)		275,211		75,565
Rio Tinto plc		41,833		2,110,564
Rio Tinto, Ltd.		18,726		1,060,683
Tahoe Resources, Inc. (b) (c)		35,000		96,737
Teck Resources, Ltd. - Class B		9,717		234,189
Yamana Gold, Inc.		70,300		175,253
				6,841,090
Multi-Utilities—0.0%
AGL Energy, Ltd.		29,747		420,152
Multiline Retail—0.0%
Lifestyle International Holdings, Ltd.		107,500		210,979
Next plc		3,783		270,689
				481,668
Oil, Gas & Consumable Fuels—1.4%
Antero Resources Corp. (c)		6,800		120,428
Bonavista Energy Corp.		63,100		72,790
Canadian Natural Resources, Ltd.		31,300		1,022,614
Cenovus Energy, Inc.		34,700		348,437
Chevron Corp.		27,281		3,335,921
China Petroleum & Chemical Corp. - Class H		160,000		160,440
Eni S.p.A.		34,410		648,983

Security Description	Shares		Value
Oil, Gas & Consumable Fuels—(Continued)
Exxon Mobil Corp.		59,700	$	5,075,694
Galp Energia SGPS S.A.		73,878		1,464,957
Gaztransport Et Technigaz S.A. (b)		5,849		442,827
Gulfport Energy Corp. (b) (c)		11,800		122,838
HollyFrontier Corp.		2,000		139,800
Husky Energy, Inc.		13,900		244,069
Imperial Oil, Ltd.		52,300		1,692,517
Inpex Corp.		27,600		343,533
International Seaways, Inc. (c)		9,700		194,194
Japan Petroleum Exploration Co., Ltd.		8,600		196,731
JXTG Holdings, Inc.		14,900		112,378
Koninklijke Vopak NV		3,154		155,326
Lukoil PJSC (ADR)		3,155		241,168
NovaTek OAO (GDR)		1,354		249,136
Parsley Energy, Inc. - Class A (c)		9,900		289,575
Polski Koncern Naftowy ORLEN S.A.		2,715		74,288
Repsol S.A.		48,579		968,081
Royal Dutch Shell plc - A Shares		40,355		1,385,311
Royal Dutch Shell plc - A Shares		5,672		193,966
Royal Dutch Shell plc - B Shares		31,779		1,112,125
Santos, Ltd.		119,644		625,451
SK Innovation Co., Ltd.		1,179		228,511
Suncor Energy, Inc.		8,500		328,905
Surge Energy, Inc. (b)		44,300		90,888
Tatneft PJSC (ADR)		2,296		175,185
Tethys Oil AB		14,217		156,139
Total Gabon		33		5,918
Total S.A.		31,857		2,056,830
Tullow Oil plc (c)		87,312		299,313
Valero Energy Corp.		4,200		477,750
Whiting Petroleum Corp. (b) (c)		5,649		299,623
Woodside Petroleum, Ltd.		69,464		1,928,812
				27,081,452
Paper & Forest Products—0.1%
Louisiana-Pacific Corp.		20,000		529,800
Norbord, Inc.		11,900		394,317
UPM-Kymmene Oyj		21,589		845,868
West Fraser Timber Co., Ltd.		5,500		313,015
				2,083,000
Personal Products—0.2%
Oriflame Holding AG (c)		4,357		111,465
Unilever NV		33,077		1,841,863
Unilever plc		30,256		1,661,691
				3,615,019
Pharmaceuticals—1.8%
Astellas Pharma, Inc.		120,500		2,102,274
Bayer AG		10,959		973,525
Bristol-Myers Squibb Co.		34,600		2,147,968
Chugai Pharmaceutical Co., Ltd.		3,900		250,588
Eli Lilly & Co. (b)		21,300		2,285,703
GlaxoSmithKline plc		132,048		2,645,571
Johnson & Johnson		38,400		5,305,728
Kaken Pharmaceutical Co., Ltd.		2,400		127,561

BHFTI-332

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Pharmaceuticals—(Continued)
Merck & Co., Inc.		51,200	$	3,632,128
Mylan NV (c)		14,500		530,700
Novartis AG		43,894		3,781,838
Novo Nordisk A/S - Class B		48,117		2,265,060
Pfizer, Inc.		102,400		4,512,768
Recordati S.p.A.		18,856		636,540
Roche Holding AG		14,224		3,441,914
Sanofi		3,800		338,959
				34,978,825
Professional Services—0.2%
Dun & Bradstreet Corp. (The)		6,200		883,562
en-japan, Inc.		7,400		371,215
Intertek Group plc		7,708		501,162
Intertrust NV		4,463		82,636
IPH, Ltd.		19,418		84,485
RELX plc (c)		55,626		1,168,658
RWS Holdings plc		13,654		88,093
Verisk Analytics, Inc. (c)		3,800		458,090
				3,637,901
Real Estate Management & Development—0.1%
CK Asset Holdings, Ltd.		130,000		970,099
Daiwa House Industry Co., Ltd.		13,000		385,441
Hang Lung Properties, Ltd.		64,000		125,122
Kerry Properties, Ltd.		49,500		167,926
Nomura Real Estate Holdings, Inc.		4,700		94,889
UOL Group, Ltd.		42,300		213,067
Wharf Real Estate Investment Co., Ltd.		52,000		335,530
				2,292,074
Road & Rail—0.3%
Canadian National Railway Co.		16,100		1,444,656
Central Japan Railway Co.		7,100		1,478,438
Norfolk Southern Corp.		11,000		1,985,500
Sakai Moving Service Co., Ltd.		2,000		113,655
				5,022,249
Semiconductors & Semiconductor Equipment—0.7%
Applied Materials, Inc.		15,200		587,480
Dialog Semiconductor plc (c)		6,847		149,574
Intel Corp.		84,700		4,005,463
KLA-Tencor Corp.		5,700		579,747
Lam Research Corp.		3,600		546,120
Maxim Integrated Products, Inc.		9,000		507,510
Micron Technology, Inc. (b) (c)		14,100		637,743
MKS Instruments, Inc.		4,700		376,705
NVIDIA Corp.		2,100		590,142
ON Semiconductor Corp. (c)		13,100		241,433
QUALCOMM, Inc.		23,200		1,671,096
SK Hynix, Inc.		3,507		231,101
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)		12,000		529,920
Texas Instruments, Inc.		15,100		1,620,079
Ulvac, Inc.		5,000		187,673

Security Description	Shares		Value
Semiconductors & Semiconductor Equipment—(Continued)
Xilinx, Inc.		7,600	$	609,292
				13,071,078
Software—1.1%
Adobe Systems, Inc. (c)		5,600		1,511,720
ANSYS, Inc. (c)		2,900		541,372
Check Point Software Technologies, Ltd. (c)		3,100		364,777
Dassault Systemes SE		3,981		594,144
Fair Isaac Corp. (c)		1,900		434,245
Intuit, Inc.		4,400		1,000,560
Iress, Ltd.		9,101		83,629
Microsoft Corp.		74,600		8,532,002
Oracle Corp.		64,500		3,325,620
Oracle Corp. Japan		3,200		257,977
Sage Group plc (The)		114,543		874,607
SAP SE		18,143		2,232,883
Trend Micro, Inc.		3,100		199,489
VMware, Inc. - Class A (c)		4,300		671,058
				20,624,083
Specialty Retail—0.4%
ABC-Mart, Inc.		12,700		706,409
AutoZone, Inc. (c)		300		232,710
Bed Bath & Beyond, Inc. (b)		12,800		192,000
Buckle, Inc. (The) (b)		15,305		352,780
Foot Locker, Inc. (b)		3,500		178,430
Home Depot, Inc. (The)		6,800		1,408,620
Industria de Diseno Textil S.A.		18,613		562,817
Lowe’s Cos., Inc.		10,500		1,205,610
Ross Stores, Inc.		6,500		644,150
Sally Beauty Holdings, Inc. (b) (c)		19,676		361,842
Tiffany & Co.		2,900		374,013
TJX Cos., Inc. (The)		3,700		414,474
Truworths International, Ltd.		25,029		147,550
USS Co., Ltd.		21,700		402,858
				7,184,263
Technology Hardware, Storage & Peripherals—0.7%
Apple, Inc.		49,400		11,151,556
Brother Industries, Ltd.		8,300		163,915
Catcher Technology Co., Ltd.		32,000		351,971
Hewlett Packard Enterprise Co.		18,100		295,211
NetApp, Inc.		8,800		755,832
Samsung Electronics Co., Ltd.		11,859		496,682
Seagate Technology plc		9,600		454,560
Western Digital Corp.		12,100		708,334
				14,378,061
Textiles, Apparel & Luxury Goods—0.2%
Burberry Group plc		18,523		486,435
LVMH Moet Hennessy Louis Vuitton SE		3,971		1,402,021
Moncler S.p.A.		12,821		551,677
NIKE, Inc. - Class B		6,000		508,320
Pandora A/S		6,666		416,704
				3,365,157

BHFTI-333

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Thrifts & Mortgage Finance—0.0%
Essent Group, Ltd. (c)		4,600	$	203,550
Genworth MI Canada, Inc. (b)		15,707		517,912
				721,462
Tobacco—0.4%
Altria Group, Inc.		36,100		2,177,191
British American Tobacco plc		42,169		1,968,712
Imperial Brands plc		24,417		849,189
Philip Morris International, Inc.		24,300		1,981,422
				6,976,514
Trading Companies & Distributors—0.1%
ITOCHU Corp.		42,200		772,681
Kanamoto Co., Ltd.		2,400		85,195
MSC Industrial Direct Co., Inc. - Class A		2,400		211,464
Toyota Tsusho Corp.		4,600		173,672
Wakita & Co., Ltd.		17,200		212,834
				1,455,846
Transportation Infrastructure—0.2%
Aena SME S.A.		7,034		1,216,674
ASTM S.p.A.		16,788		362,531
Flughafen Zurich AG		4,569		923,620
Grupo Aeroportuario del Pacifico S.A.B. de C.V. (ADR)		3,200		349,376
Westshore Terminals Investment Corp.		12,900		268,057
				3,120,258
Water Utilities—0.0%
Cia de Saneamento Basico do Estado de Sao Paulo (ADR) (b)		29,200		172,280
Guangdong Investment, Ltd.		122,000		216,680
				388,960
Wireless Telecommunication Services—0.3%
China Mobile, Ltd.		27,500		269,893
KDDI Corp.		58,900		1,627,429
Mobile TeleSystems PJSC (ADR)		28,700		244,811
NTT DoCoMo, Inc.		85,500		2,299,154
SK Telecom Co., Ltd.		2,296		582,421
Vodacom Group, Ltd.		38,637		343,808
				5,367,516
Total Common Stocks (Cost $401,924,702)				405,310,932
Mutual Funds—17.6%
Investment Company Securities—17.6%
iShares Core S&P 500 ETF (b)		928,461		271,788,388
iShares MSCI EAFE ETF (b)		338,925		23,043,511
iShares MSCI Japan Fund (b)		158,543		9,549,045
SPDR Barclays Convertible Securities ETF		723,006		38,998,944
Total Mutual Funds (Cost $319,138,775)				343,379,888

U.S. Treasury & Government Agencies—3.6%
Security Description	Principal Amount*/ Shares		Value
U.S. Treasury—3.6%
U.S. Treasury Inflation Indexed Notes 0.625%, 01/15/26 (b) (d) (Cost $71,987,741)		72,246,497	$	70,708,438
Mortgage-Backed Securities—0.9%
Collateralized Mortgage Obligations—0.9%
Flagstar Mortgage Trust 3.500%, 10/25/47 (144A) (a)		3,004,068		2,954,696
JPMorgan Mortgage Trust 3.000%, 05/25/47 (144A) (a)		3,818,317		3,730,858
3.500%, 08/25/47 (144A) (a)		4,913,935		4,838,044
3.500%, 11/25/48 (144A) (a)		5,445,684		5,374,650
Total Mortgage-Backed Securities (Cost $17,372,498)				16,898,248
Asset-Backed Securities—0.3%
Asset-Backed - Other—0.3%
Towd Point Mortgage Trust 2.750%, 10/25/56 (144A) (a)		2,469,964		2,418,603
2.750%, 10/25/57 (144A) (a)		4,604,229		4,489,770
Total Asset-Backed Securities (Cost $7,101,481)				6,908,373
Preferred Stock—0.0%
Auto Components—0.0%
Schaeffler AG (Cost $608,112)		38,134		486,175
Short-Term Investment—18.4%
Repurchase Agreement—18.4%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $358,056,908; collateralized by U.S. Treasury Notes with rates ranging from 2.125% - 2.250%, maturity dates ranging from 11/15/24 - 11/30/24, and an aggregate market value of $365,189,346.		358,027,072		358,027,072
Total Short-Term Investments (Cost $358,027,072)				358,027,072
Securities Lending Reinvestments (e)—6.1%
Bank Note—0.2%
Bank of America N.A. 2.398%, 1M LIBOR + 0.250%, 11/13/18 (a)		5,000,000		5,000,000

BHFTI-334

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (e)—(Continued)

Security Description	Principal Amount*		Value
Certificates of Deposit—2.4%
Banco Del Estado De Chile New York 2.419%, 3M LIBOR + 0.100%, 11/14/18 (a)		2,000,000	$	1,999,966
Banco Santander S.A. 2.340%, 11/07/18		2,000,000		2,000,164
Bank of Montreal (Chicago) 2.371%, 3M LIBOR + 0.030%, 11/06/18 (a)		4,000,000		3,999,992
Bank of Nova Scotia 2.618%, 3M LIBOR + 0.280%, 03/20/19 (a)		1,000,000		1,000,954
Commonwealth Bank of Australia 2.358%, 1M LIBOR + 0.210%, 09/13/19 (a)		2,000,000		2,000,000
2.487%, 3M LIBOR + 0.140%, 04/23/19 (a)		500,000		500,179
Cooperative Rabobank UA 2.479%, 3M LIBOR + 0.140%, 10/16/18 (a)		1,750,000		1,750,131
Industrial & Commercial Bank of China, Ltd. 2.500%, 10/24/18		1,000,000		1,000,013
Natixis S.A. New York 2.431%, 3M LIBOR + 0.090%, 05/10/19 (a)		2,000,000		1,999,842
2.504%, 1M LIBOR + 0.370%, 02/14/19 (a)		2,000,000		2,001,338
2.533%, 3M LIBOR + 0.190%, 02/01/19 (a)		1,000,000		1,000,081
Royal Bank of Canada New York 2.378%, 1M LIBOR + 0.210%, 09/17/19 (a)		3,000,000		2,999,835
Standard Chartered plc 2.396%, 1M LIBOR + 0.180%, 02/25/19 (a)		4,000,000		3,999,532
Sumitomo Mitsui Banking Corp., New York 2.290%, 1M LIBOR + 0.180%, 03/05/19 (a)		3,000,000		2,999,649
Sumitomo Mitsui Trust Bank, Ltd. 2.290%, 1M LIBOR + 0.170%, 12/06/18 (a)		1,500,000		1,500,078
2.502%, 1M LIBOR + 0.320%, 11/21/18 (a)		2,000,000		2,000,000
Sumitomo Mitsui Trust Bank, Ltd., London 2.528%, 1M LIBOR + 0.310%, 11/26/18 (a)		2,000,000		2,000,000
Svenska Handelsbanken AB 2.439%, 3M LIBOR + 0.100%, 04/30/19 (a)		1,000,000		1,000,119
Toronto-Dominion Bank 2.378%, 1M LIBOR + 0.210%, 09/17/19 (a)		5,000,000		5,000,000
Wells Fargo Bank N.A. 2.473%, 3M LIBOR + 0.140%, 07/11/19 (a)		2,000,000		2,000,228
2.475%, 3M LIBOR + 0.140%, 10/26/18 (a)		3,000,000		3,000,498
Westpac Banking Corp. 2.630%, FEDEFF PRV + 0.450%, 02/15/19 (a)		1,000,000		1,000,531
				46,753,130
Commercial Paper—1.0%
Bank of China, Ltd. 2.550%, 12/20/18		3,974,500		3,976,988
ING Funding LLC 2.448%, 3M LIBOR + 0.110%, 05/10/19 (a)		1,000,000		1,000,103
2.453%, 1M LIBOR + 0.320%, 02/08/19 (a)		3,000,000		3,001,533
LMA S.A. & LMA Americas 2.470%, 11/13/18		1,975,986		1,994,218
Sheffield Receivables Co. 2.490%, 11/26/18		2,960,783		2,988,477
2.510%, SOFR + 0.350%, 11/28/18 (a)		500,000		500,137
Sinopec Century Bright Capital Investment, Ltd. 2.400%, 11/01/18		994,000		997,834

Security Description	Principal Amount*		Value
Commercial Paper—(Continued)
UBS AG 2.534%, 1M LIBOR + 0.430%, 02/01/19 (a)		3,500,000	$	3,503,230
Westpac Banking Corp. 2.492%, 1M LIBOR + 0.280%, 05/24/19 (a)		2,000,000		2,001,108
				19,963,628
Repurchase Agreements—1.3%
Citigroup Global Markets, Inc. Repurchase Agreement dated 05/03/18 at 2.440%, due on 10/05/18 with a maturity value of $6,063,033; collateralized by U.S. Treasury Obligations with rates ranging from 1.625% - 2.250%, maturity dates ranging from 11/30/19 - 11/15/27, and various Common Stock with an aggregate market value of $6,325,716.		6,000,000		6,000,000
Repurchase Agreement dated 07/25/18 at 2.570%, due on 11/02/18 with a maturity value of $503,569; collateralized by various Common Stock with an aggregate market value of $550,000.		500,000		500,000
Repurchase Agreement dated 01/25/17 at 2.720%, due on 12/31/18 with a maturity value of $2,159,197; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 2.220%, maturity dates ranging from 11/01/18 - 04/30/20, and an aggregate market value of $2,091,000.		2,050,000		2,050,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $300,056; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.625% - 2.875%, maturity dates ranging from 01/15/19 - 02/15/43, and an aggregate market value of $306,000.		300,000		300,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $200,037; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 1.750% - 2.875%, maturity dates ranging from 10/15/20 - 05/15/27, and an aggregate market value of $204,000.		200,000		200,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $300,056; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.375% - 3.125%, maturity dates ranging from 12/17/18 - 02/15/43, and an aggregate market value of $306,000.		300,000		300,000
Deutsche Bank AG, London Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $203,769; collateralized by various Common Stock with an aggregate market value of $222,665.		200,000		200,000
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $200,793; collateralized by various Common Stock with an aggregate market value of $222,249.		200,000		200,000

BHFTI-335

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (e)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Macquarie Bank, Ltd., London Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $1,847,001; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 5.500%, maturity dates ranging from 08/31/19 - 05/15/48, and an aggregate market value of $1,882,160.		1,846,663	$	1,846,663
Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 10/26/16 at 2.720%, due on 12/31/18 with a maturity value of $1,166,156; collateralized by various Common Stock with an aggregate market value of $1,210,000.		1,100,000		1,100,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $101,294; collateralized by various Common Stock with an aggregate market value of $111,266.		100,000		100,000
Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $407,930; collateralized by various Common Stock with an aggregate market value of $445,062.		400,000		400,000
Repurchase Agreement dated 07/18/18 at 2.370%, due on 10/05/18 with a maturity value of $1,005,201; collateralized by various Common Stock with an aggregate market value of $1,112,744.		1,000,000		1,000,000
Repurchase Agreement dated 07/19/18 at 2.370%, due on 10/05/18 with a maturity value of $1,507,703; collateralized by various Common Stock with an aggregate market value of $1,669,116.		1,500,000		1,500,000
Societe Generale Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $101,200; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $111,065.		100,000		100,000
Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $202,657; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $222,130.		200,000		200,000
Repurchase Agreement dated 03/16/18 at 2.310%, due on 10/01/18 with a maturity value of $101,277; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $111,065.		100,000		100,000
Repurchase Agreement dated 07/10/18 at 2.340%, due on 10/05/18 with a maturity value of $2,514,138; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,776,621.		2,500,000		2,500,000

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Societe Generale Repurchase Agreement dated 05/10/18 at 2.340%, due on 10/05/18 with a maturity value of $6,057,720; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $6,663,890.		6,000,000	$	6,000,000
				24,596,663
Time Deposits—1.2%
Canadian Imperial Bank of Commerce 2.130%, 10/01/18		4,000,000		4,000,000
Cooperative Rabobank UA New York 2.150%, 10/01/18		4,000,000		4,000,000
DZ Bank AG 2.150%, 10/01/18		4,000,000		4,000,000
Erste Group Bank AG 2.170%, 10/01/18		3,000,000		3,000,000
Nordea Bank New York 2.140%, 10/01/18		4,000,000		4,000,000
Svenska Handelsbanken AB 2.140%, 10/01/18		4,000,000		4,000,000
				23,000,000
Total Securities Lending Reinvestments (Cost $119,304,408)				119,313,421
Total Investments—102.4% (Cost $1,992,713,323)				1,997,608,318
Other assets and liabilities (net)—(2.4)%				(47,489,880	)
Net Assets—100.0%			$	1,950,118,438

*	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, 2018. 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)	All or a portion of the security was held on loan. As of September 30, 2018, the market value of securities loaned was $116,066,473 and the collateral received consisted of cash in the amount of $119,251,931. The cash collateral investments are disclosed in the Consolidated Schedule of Investments and categorized as Securities Lending Reinvestments.
(c)	Non-income producing security.
(d)	Principal amount of security is adjusted for inflation.
(e)	Represents investment of cash collateral received from securities on loan as of September 30, 2018.
(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, 2018, the market value of 144A securities was $137,881,284, which is 7.1% of net assets.

BHFTI-336

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
AUD	26,114,527	UBSA		10/31/18		USD	19,003,881	$	(123,572	)
BRL	37,309,000	UBSA		10/02/18		USD	9,064,493		173,724
BRL	37,309,000	UBSA		10/02/18		USD	9,318,165		(79,948	)
BRL	37,309,000	UBSA		11/05/18		USD	9,147,502		69,035
CAD	33,790,569	UBSA		10/31/18		USD	26,178,005		44
CHF	2,910,000	JPMC		10/31/18		USD	3,049,052		(76,249	)
CNY	268,438,000	MSIP		10/25/18		USD	39,085,323		(73,916	)
EUR	85,577,000	MSIP		10/31/18		USD	100,805,222		(1,221,036	)
GBP	30,376,161	MSIP		10/31/18		USD	39,814,083		(170,934	)
INR	690,900,000	MSIP		10/31/18		USD	9,519,151		(21,566	)
JPY	5,297,802,344	JPMC		10/31/18		USD	47,197,046		(471,998	)
MXN	186,590,000	JPMC		10/31/18		USD	9,835,161		90,450
ZAR	8,734,700	UBSA		10/10/18		USD	607,827		9,173
Contracts to Deliver
BRL	37,309,000	UBSA		10/02/18		USD	9,173,592		(64,624	)
BRL	37,309,000	UBSA		10/02/18		USD	9,318,165		79,948
KRW	44,838,000,000	JPMC		10/31/18		USD	40,019,636		(426,273	)
ZAR	9,995,900	JPMC		10/10/18		USD	658,332		(47,757	)
ZAR	9,643,100	JPMC		10/10/18		USD	627,567		(53,601	)
Cross Currency Contracts to Buy
GBP	29,566,000	MSIP		10/31/18		EUR	32,836,072		375,170
Net Unrealized Depreciation								$	(2,033,930	)

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
Canada Government Bond 10 Year Futures		12/18/18		1,743			CAD	231,156,660		$	(1,827,696	)
DAX Index Futures		12/21/18		110			EUR	33,664,125			409,677
Euro STOXX 50 Index Futures		12/21/18		2,007			EUR	67,977,090			1,318,162
FTSE 100 Index Futures		12/21/18		132			GBP	9,882,180			361,267
MSCI Emerging Markets Index Mini Futures		12/21/18		559			USD	29,339,115			1,145,359
S&P 500 Index E-Mini Futures		12/21/18		2,205			USD	321,819,750			2,065,032
S&P Health Care Select Sector E-Mini Futures		12/21/18		311			USD	29,768,920			505,630
S&P TSX 60 Index Futures		12/20/18		82			CAD	15,584,920			60,870
TOPIX Index Futures		12/13/18		383			JPY	6,961,025,000			4,768,205
U.S. Treasury Long Bond Futures		12/19/18		84			USD	11,802,000			8,906
U.S. Treasury Note 10 Year Futures		12/19/18		711			USD	84,453,469			(787,468	)
U.S. Treasury Note 2 Year Futures		12/31/18		170			USD	35,824,844			(68,422	)
U.S. Treasury Note 5 Year Futures		12/31/18		256			USD	28,794,000			(160,646	)
U.S. Treasury Ultra Long Bond Futures		12/19/18		3			USD	462,844			(19,421	)
Futures Contracts—Short
Euro-Bund Futures		12/06/18		(957	)		EUR	(151,962,030	)		2,151,105
OMX Stockholm 30 Index Futures		10/19/18		(2,119	)		SEK	(351,754,000	)		(911,079	)
Russell 2000 Index Mini Futures		12/21/18		(924	)		USD	(78,576,960	)		1,014,745
U.S. Treasury Ultra Long Bond Futures		12/19/18		(184	)		USD	(28,387,750	)		865,022
United Kingdom Long Gilt Bond Futures		12/27/18		(1,118	)		GBP	(135,210,920	)		1,740,999
Net Unrealized Appreciation										$	12,640,247

BHFTI-337

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Swap Agreements

OTC Total Return Swaps

Pay/Receive Floating Rate	Floating Rate Index	Payment Frequency		Maturity Date	Counterparty	Underlying Reference Instrument	Notional Amount			Market Value			Upfront Premium Paid/(Received)		Unrealized Depreciation(1)
Pay	1M EURIBOR		Maturity	12/17/18	JPMC	Euro STOXX Banks Net Return Index		EUR	16,979,403	$	(689,315	)	$	—	$	(689,315	)
Pay	1M EURIBOR		Maturity	12/17/18	JPMC	Euro STOXX Banks Net Return Index		EUR	25,431,092		(1,379,329	)		—		(1,379,329	)
Totals										$	(2,068,644	)	$	—	$	(2,068,644	)

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 (Received)			Unrealized Depreciation
Pay		3M LIBOR		Quarterly		2.870	%	Quarterly		07/23/28		USD	618,000,000	$	(11,962,874	)	$	(2,310,621	)	$	(9,652,253	)

(1) There is no upfront payment premium paid or (received), therefore Market Value equals Unrealized Appreciation/(Depreciation).

Glossary of Abbreviations

Counterparties

(JPMC)—	JPMorgan Chase Bank N.A.
(MSIP)—	Morgan Stanley & Co. International plc
(UBSA)—	UBS AG

Currencies

(AUD)—	Australian Dollar
(BRL)—	Brazilian Real
(CAD)—	Canadian Dollar
(CHF)—	Swiss Franc
(CNY)—	Chinese Yuan
(EUR)—	Euro
(GBP)—	British Pound
(INR)—	Indian Rupee
(JPY)—	Japanese Yen
(KRW)—	South Korean Won
(MXN)—	Mexican Peso
(SEK)—	Swedish Krona
(USD)—	United States Dollar
(ZAR)—	South African Rand

Index Abbreviations

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

Other Abbreviations

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

BHFTI-338

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2		Level 3		Total
Total Corporate Bonds & Notes*	$	—	$	676,575,771	$	—	$	676,575,771
Common Stocks
Aerospace & Defense		3,312,408		—		—		3,312,408
Air Freight & Logistics		—		200,848		—		200,848
Auto Components		3,119,871		4,009,286		—		7,129,157
Automobiles		535,680		1,350,304		—		1,885,984
Banks		15,379,392		10,913,085		—		26,292,477
Beverages		3,307,831		538,086		—		3,845,917
Biotechnology		10,250,846		—		—		10,250,846
Building Products		1,114,011		963,169		—		2,077,180
Capital Markets		8,321,262		5,049,162		—		13,370,424
Chemicals		3,450,071		9,577,135		—		13,027,206
Commercial Services & Supplies		1,001,297		642,515		—		1,643,812
Communications Equipment		3,952,205		—		—		3,952,205
Construction & Engineering		—		1,194,409		—		1,194,409
Construction Materials		—		75,301		—		75,301
Consumer Finance		2,448,336		—		—		2,448,336
Containers & Packaging		1,837,249		—		—		1,837,249
Distributors		—		121,638		—		121,638
Diversified Consumer Services		496,975		—		—		496,975
Diversified Financial Services		749,385		120,002		—		869,387
Diversified Telecommunication Services		4,911,479		6,202,433		—		11,113,912
Electric Utilities		289,891		1,887,694		—		2,177,585
Electrical Equipment		3,321,988		1,555,631		—		4,877,619
Electronic Equipment, Instruments & Components		2,280,240		1,915,542		—		4,195,782
Energy Equipment & Services		2,566,756		330,716		—		2,897,472
Entertainment		3,795,648		—		—		3,795,648
Equity Real Estate Investment Trusts		607,170		—		—		607,170
Food & Staples Retailing		1,071,630		—		—		1,071,630
Food Products		3,245,991		4,956,297		—		8,202,288
Health Care Equipment & Supplies		4,152,688		2,370,828		—		6,523,516
Health Care Providers & Services		7,752,297		—		—		7,752,297
Health Care Technology		508,839		131,865		—		640,704
Hotels, Restaurants & Leisure		1,085,739		724,249		—		1,809,988
Household Durables		1,553,283		1,961,001		—		3,514,284
Household Products		7,267,231		1,053,649		—		8,320,880
Industrial Conglomerates		3,992,935		516,335		—		4,509,270
Insurance		9,171,445		5,473,426		—		14,644,871
Interactive Media & Services		11,895,350		546,183		—		12,441,533
Internet & Direct Marketing Retail		8,919,259		134,384		—		9,053,643
IT Services		14,177,650		1,928,512		—		16,106,162
Life Sciences Tools & Services		1,091,084		—		—		1,091,084

BHFTI-339

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1			Level 2			Level 3		Total
Machinery	$	8,937,289		$	6,255,255		$	—	$	15,192,544
Media		4,095,551			3,537,112			—		7,632,663
Metals & Mining		1,196,731			5,644,359			—		6,841,090
Multi-Utilities		—			420,152			—		420,152
Multiline Retail		—			481,668			—		481,668
Oil, Gas & Consumable Fuels		14,521,532			12,559,920			—		27,081,452
Paper & Forest Products		1,237,132			845,868			—		2,083,000
Personal Products		—			3,615,019			—		3,615,019
Pharmaceuticals		18,414,995			16,563,830			—		34,978,825
Professional Services		2,510,310			1,127,591			—		3,637,901
Real Estate Management & Development		—			2,292,074			—		2,292,074
Road & Rail		3,430,156			1,592,093			—		5,022,249
Semiconductors & Semiconductor Equipment		12,502,730			568,348			—		13,071,078
Software		16,381,354			4,242,729			—		20,624,083
Specialty Retail		5,364,629			1,819,634			—		7,184,263
Technology Hardware, Storage & Peripherals		13,365,493			1,012,568			—		14,378,061
Textiles, Apparel & Luxury Goods		508,320			2,856,837			—		3,365,157
Thrifts & Mortgage Finance		721,462			—			—		721,462
Tobacco		4,158,613			2,817,901			—		6,976,514
Trading Companies & Distributors		211,464			1,244,382			—		1,455,846
Transportation Infrastructure		617,433			2,502,825			—		3,120,258
Water Utilities		172,280			216,680			—		388,960
Wireless Telecommunication Services		244,811			5,122,705			—		5,367,516
Total Common Stocks		261,527,697			143,783,235			—		405,310,932
Total Mutual Funds*		343,379,888			—			—		343,379,888
Total U.S. Treasury & Government Agencies*		—			70,708,438			—		70,708,438
Total Mortgage-Backed Securities*		—			16,898,248			—		16,898,248
Total Asset-Backed Securities*		—			6,908,373			—		6,908,373
Total Preferred Stock*		—			486,175			—		486,175
Total Short-Term Investment*		—			358,027,072			—		358,027,072
Total Securities Lending Reinvestments*		—			119,313,421			—		119,313,421
Total Investments	$	604,907,585		$	1,392,700,733		$	—	$	1,997,608,318
Collateral for Securities Loaned (Liability)	$	—		$	(119,251,931	)	$	—	$	(119,251,931	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	797,544		$	—	$	797,544
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(2,831,474	)		—		(2,831,474	)
Total Forward Contracts	$	—		$	(2,033,930	)	$	—	$	(2,033,930	)
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	16,414,979		$	—		$	—	$	16,414,979
Futures Contracts (Unrealized Depreciation)		(3,774,732	)		—			—		(3,774,732	)
Total Futures Contracts	$	12,640,247		$	—		$	—	$	12,640,247
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Depreciation)	$	—		$	(9,652,253	)	$	—	$	(9,652,253	)
OTC Swap Contracts
OTC Swap Contracts at Value (Liabilities)	$	—		$	(2,068,644	)	$	—	$	(2,068,644	)

* See Consolidated Schedule of Investments for additional detailed categorizations.

Transfers from Level 1 to Level 2 in the amount of $346,096 were due to a lack of trading activity in the security which led to it being valued using significant observable inputs other than a quoted price in an active market.

BHFTI-340

Brighthouse Funds Trust I

SSGA Growth and Income ETF Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Mutual Funds—95.5% of Net Assets

Security Description	Shares/ Principal Amount*		Value
Investment Company Securities—95.5%
Consumer Discretionary Select Sector SPDR Fund (a) (b)		420,708	$	49,315,392
Industrial Select Sector SPDR Fund (a) (b)		625,513		49,040,219
Invesco Optimum Yield Diversified Commodity Strategy No. K-1 ETF		2,714,618		50,953,380
iShares 20+ Year Treasury Bond ETF (a)		408,015		47,847,919
iShares Core MSCI Emerging Markets ETF (a)		1,957,854		101,377,680
iShares Core S&P Mid-Cap ETF (a)		240,095		48,328,722
iShares Core S&P Small-Cap ETF (a)		821,740		71,688,598
iShares MSCI Canada ETF		867,966		24,980,061
iShares MSCI EAFE ETF		3,332,705		226,590,613
iShares TIPS Bond ETF		1,095,936		121,232,440
SPDR Bloomberg Barclays High Yield Bond ETF (a) (b)		7,485,356		269,847,084
SPDR Dow Jones International Real Estate ETF (a) (b)		626,663		23,969,860
SPDR S&P 500 ETF Trust (b)		2,538,363		737,952,891
SPDR S&P International Small Cap ETF (a) (b)		1,445,517		49,667,964
Technology Select Sector SPDR Fund (a) (b)		672,639		50,669,896
Vanguard FTSE Pacific ETF		359,516		25,561,588
Vanguard REIT ETF (a)		585,963		47,275,495
Vanguard Total Bond Market ETF		4,323,417		340,252,918
Total Mutual Funds (Cost $2,095,553,975)				2,336,552,720
Short-Term Investment—4.4%
Mutual Fund—4.4%
AIM STIT-STIC Prime Portfolio		108,249,251		108,249,251
Total Short-Term Investments (Cost $108,249,251)				108,249,251
Securities Lending Reinvestments (c)—23.0%
Certificates of Deposit—7.6%
Banco Del Estado De Chile New York 2.398%, 1M LIBOR + 0.240%, 01/17/19 (d)		5,000,000		5,001,260
Banco Santander S.A. 2.340%, 11/07/18		7,499,810		7,500,615
Bank of Montreal Zero Coupon, 10/31/18		14,968,031		14,970,937
Barclays Bank plc 2.304%, 1M LIBOR + 0.200%, 02/04/19 (d)		2,500,000		2,499,493
BNP Paribas S.A. New York 2.574%, 1M LIBOR + 0.470%, 12/04/18 (d)		2,000,000		2,001,174
Canadian Imperial Bank of Commerce 2.459%, 3M LIBOR + 0.120%, 01/14/19 (d)		4,000,000		4,001,188
Cooperative Rabobank UA 2.479%, 3M LIBOR + 0.140%, 10/16/18 (d)		2,250,000		2,250,169
Credit Agricole S.A. 2.463%, 1M LIBOR + 0.330%, 10/09/18 (d)		10,000,000		10,000,400
Credit Industriel et Commercial (NY) Zero Coupon, 01/25/19		4,936,141		4,960,150
Industrial & Commercial Bank of China, Ltd. 2.500%, 10/24/18		7,500,000		7,500,097
2.530%, 12/24/18		5,000,000		4,999,890

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
KBC Bank NV 2.400%, 12/27/18		10,000,000	$	10,000,000
Landesbank Baden-Wuettertemberg 2.180%, 10/02/18		15,000,000		15,000,030
Mizuho Bank, Ltd. 2.571%, 1M LIBOR + 0.440%, 10/11/18 (d)		10,000,000		10,000,250
Natixis S.A. New York 2.504%, 1M LIBOR + 0.370%, 02/14/19 (d)		2,000,000		2,001,338
Nordea Bank New York 2.543%, 3M LIBOR + 0.200%, 04/05/19 (d)		10,000,000		10,000,000
Royal Bank of Canada New York 2.378%, 1M LIBOR + 0.210%, 09/17/19 (d)		11,000,000		10,999,395
Standard Chartered plc 2.396%, 1M LIBOR + 0.180%, 02/25/19 (d)		12,000,000		11,998,596
Sumitomo Mitsui Banking Corp. 2.321%, 1M LIBOR + 0.190%, 04/11/19 (d)		8,000,000		7,999,624
Sumitomo Mitsui Trust Bank, Ltd. 2.443%, 3M LIBOR + 0.110%, 10/11/18 (d)		6,000,000		6,000,042
Toronto-Dominion Bank 2.378%, 1M LIBOR + 0.210%, 09/17/19 (d)		5,000,000		5,000,000
Wells Fargo Bank N.A. 2.473%, 3M LIBOR + 0.140%, 07/11/19 (d)		4,000,000		4,000,456
2.475%, 3M LIBOR + 0.140%, 10/26/18 (d)		25,000,000		25,004,147
Westpac Banking Corp. 2.630%, FEDEFF PRV + 0.450%, 02/15/19 (d)		3,000,000		3,001,593
				186,690,844
Commercial Paper—2.3%
Bank of China, Ltd. 2.550%, 10/19/18		19,876,750		19,974,320
2.550%, 12/20/18		9,936,250		9,942,470
ING Funding LLC 2.453%, 1M LIBOR + 0.320%, 02/08/19 (d)		10,000,000		10,005,110
Sheffield Receivables Co. 2.490%, 11/26/18		4,934,638		4,980,795
UBS AG 2.534%, 1M LIBOR + 0.430%, 02/01/19 (d)		3,500,000		3,503,231
Westpac Banking Corp. 2.492%, 1M LIBOR + 0.280%, 05/24/19 (d)		7,000,000		7,003,878
				55,409,804
Master Demand Notes—0.4%
Natixis Financial Products LLC 2.400%, OBFR + 0.230%, 10/01/18 (d)		5,000,000		5,000,000
2.520%, OBFR + 0.350%, 11/02/18 (d)		5,000,000		5,000,000
				10,000,000

BHFTI-341

Brighthouse Funds Trust I

SSGA Growth and Income ETF Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—12.3%
Citigroup Global Markets, Inc.
Repurchase Agreement dated 05/03/18 at 2.440%, due on 10/05/18 with a maturity value of $5,052,528; collateralized by U.S. Treasury Obligations with rates ranging from 1.625% - 2.250%, maturity dates ranging from 11/30/19 - 11/15/27, and various Common Stock with an aggregate market value of $5,271,430.		5,000,000	$	5,000,000
Repurchase Agreement dated 07/25/18 at 2.570%, due on 11/02/18 with a maturity value of $5,035,694; collateralized by various Common Stock with an aggregate market value of $5,500,001.		5,000,000		5,000,000
Repurchase Agreement dated 10/16/17 at 2.750%, due on 01/02/19 with a maturity value of $5,169,201; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 10/25/18 - 01/31/19, and an aggregate market value of $5,100,001.		5,000,000		5,000,000
Deutsche Bank AG, London
Repurchase Agreement dated 08/24/18 at 2.560%, due on 10/01/18 with a maturity value of $25,067,556; collateralized by various Common Stock with an aggregate market value of $27,833,063.		25,000,000		25,000,000
Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $3,056,533; collateralized by various Common Stock with an aggregate market value of $3,339,968.		3,000,000		3,000,000
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $4,343,963; collateralized by various Common Stock with an aggregate market value of $4,808,142.		4,326,803		4,326,803
Macquarie Bank, Ltd., London Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $14,496,815; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 5.500%, maturity dates ranging from 08/31/19 - 05/15/48, and an aggregate market value of $14,772,768.		14,494,158		14,494,158
Merrill Lynch, Pierce, Fenner & Smith, Inc.
Repurchase Agreement dated 10/26/16 at 2.720%, due on 12/31/18 with a maturity value of $18,022,418; collateralized by various Common Stock with an aggregate market value of $18,700,002.		17,000,000		17,000,000
Repurchase Agreement dated 08/01/17 at 2.720%, due on 12/31/18 with a maturity value of $7,792,967; collateralized by various Common Stock with an aggregate market value of $8,250,001.		7,500,000		7,500,000
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $85,040,824; collateralized by various Common Stock with an aggregate market value of $93,518,213.		85,000,000		85,000,000
NBC Global Finance, Ltd.
Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $5,064,675; collateralized by various Common Stock with an aggregate market value of $5,563,276.		5,000,000		5,000,000

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
NBC Global Finance, Ltd.
Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $16,011,253; collateralized by various Common Stock with an aggregate market value of $17,468,686.		15,700,000	$	15,700,000
Repurchase Agreement dated 07/18/18 at 2.370%, due on 10/05/18 with a maturity value of $9,046,808; collateralized by various Common Stock with an aggregate market value of $10,014,697.		9,000,000		9,000,000
Repurchase Agreement dated 07/19/18 at 2.370%, due on 10/05/18 with a maturity value of $17,589,863; collateralized by various Common Stock with an aggregate market value of $19,473,022.		17,500,000		17,500,000
Societe Generale
Repurchase Agreement dated 03/16/18 at 2.310%, due on 10/01/18 with a maturity value of $10,127,692; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $11,106,484.		10,000,000		10,000,000
Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $2,024,897; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,221,297.		2,000,000		2,000,000
Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $10,119,992; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $11,106,484.		10,000,000		10,000,000
Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $5,066,413; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $5,553,242.		5,000,000		5,000,000
Repurchase Agreement dated 04/18/18 at 2.340%, due on 10/05/18 with a maturity value of $7,582,875; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $8,329,863.		7,500,000		7,500,000
Repurchase Agreement dated 05/10/18 at 2.340%, due on 10/05/18 with a maturity value of $25,240,500; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $27,766,210.		25,000,000		25,000,000

BHFTI-342

Brighthouse Funds Trust I

SSGA Growth and Income ETF Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Societe Generale
Repurchase Agreement dated 07/10/18 at 2.340%, due on 10/05/18 with a maturity value of $21,722,148; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $23,990,005.		21,600,000	$	21,600,000
				299,620,961
Time Deposit—0.4%
Skandinaviska Enskilda Banken 2.130%, 10/01/18		10,000,000		10,000,000
Total Securities Lending Reinvestments (Cost $561,699,808)				561,721,609
Total Investments—122.9% (Cost $2,765,503,034)				3,006,523,580
Other assets and liabilities (net)—(22.9)%				(560,294,194	)
Net Assets—100.0%			$	2,446,229,386

*	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, 2018, the market value of securities loaned was $549,227,847 and the collateral received consisted of cash in the amount of $561,522,579. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(b)	Affiliated Issuer.
(c)	Represents investment of cash collateral received from securities on loan as of September 30, 2018.
(d)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. 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.
(ETF)—	Exchange-Traded Fund
(FEDEFF PRV)—	Effective Federal Funds Rate
(LIBOR)—	London Interbank Offered Rate
(OBFR)—	U.S. Overnight Bank Funding Rate

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2			Level 3		Total
Mutual Funds
Investment Company Securities	$	2,336,552,720	$	—		$	—	$	2,336,552,720
Total Short-Term Investment*		108,249,251		—			—		108,249,251
Total Securities Lending Reinvestments		—		561,721,609			—		561,721,609
Total Investments	$	2,444,801,971	$	561,721,609		$	—	$	3,006,523,580
Collateral for Securities Loaned (Liability)	$	—	$	(561,522,579	)	$	—	$	(561,522,579	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-343

Brighthouse Funds Trust I

SSGA Growth ETF Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Mutual Funds—95.5% of Net Assets

Security Description	Shares/ Principal Amount*		Value
Investment Company Securities—95.5%
Energy Select Sector SPDR Fund (a)		245,284	$	18,577,810
Industrial Select Sector SPDR Fund (a) (b)		234,087		18,352,421
Invesco Optimum Yield Diversified Commodity Strategy No. K-1 ETF		1,038,200		19,487,014
iShares 20+ Year Treasury Bond ETF (b)		155,934		18,286,380
iShares Core MSCI Emerging Markets ETF (b)		1,099,773		56,946,246
iShares Core S&P Mid-Cap ETF (b)		224,592		45,208,124
iShares Core S&P Small-Cap ETF (b)		512,340		44,696,542
iShares MSCI Canada ETF (b)		639,244		18,397,442
iShares MSCI EAFE ETF		2,079,860		141,409,682
iShares TIPS Bond ETF		249,750		27,627,345
SPDR Bloomberg Barclays High Yield Bond ETF (a) (b)		1,528,407		55,099,072
SPDR Dow Jones International Real Estate ETF (a) (b)		234,689		8,976,854
SPDR S&P 500 ETF Trust (a)		1,108,857		322,366,907
SPDR S&P International Small Cap ETF (a)		810,983		27,865,376
Technology Select Sector SPDR Fund (a) (b)		251,707		18,961,088
Vanguard FTSE Pacific ETF		131,713		9,364,794
Vanguard REIT ETF (b)		219,312		17,694,092
Vanguard Total Bond Market ETF (b)		117,467		9,244,653
Total Mutual Funds (Cost $739,171,312)				878,561,842
Short-Term Investment—4.4%
Mutual Fund—4.4%
AIM STIT-STIC Prime Portfolio		40,300,076		40,300,076
Total Short-Term Investments (Cost $40,300,076)				40,300,076
Securities Lending Reinvestments (c)—26.5%
Bank Note—0.1%
Bank of America N.A. 2.398%, 1M LIBOR + 0.250%, 11/13/18 (d)		1,000,000		1,000,000
Certificates of Deposit—7.2%
Banco Del Estado De Chile New York 2.398%, 1M LIBOR + 0.240%, 01/17/19 (d)		4,000,000		4,001,008
Banco Santander S.A. 2.340%, 11/07/18		1,999,949		2,000,164
Bank of Montreal Zero Coupon, 10/31/18		2,993,606		2,994,188
Barclays Bank plc 2.304%, 1M LIBOR + 0.200%, 02/04/19 (d)		3,000,000		2,999,391
Credit Agricole S.A. 2.463%, 1M LIBOR + 0.330%, 10/09/18 (d)		5,000,000		5,000,200
Credit Industriel et Commercial Zero Coupon, 01/25/19		4,936,141		4,960,150
Industrial & Commercial Bank of China, Ltd. 2.500%, 10/24/18		5,000,000		5,000,065
Landesbank Baden-Wuettertemberg 2.180%, 10/02/18		10,000,000		10,000,020

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Natixis S.A. New York 2.431%, 3M LIBOR + 0.090%, 05/10/19 (d)		2,000,000	$	1,999,842
Royal Bank of Canada New York 2.381%, 1M LIBOR + 0.250%, 01/11/19 (d)		7,500,000		7,502,475
Standard Chartered plc 2.396%, 1M LIBOR + 0.180%, 02/25/19 (d)		5,000,000		4,999,415
Toronto-Dominion Bank 2.378%, 1M LIBOR + 0.210%, 09/17/19 (d)		5,000,000		5,000,000
Wells Fargo Bank N.A. 2.475%, 3M LIBOR + 0.140%, 10/26/18 (d)		8,000,000		8,001,327
Westpac Banking Corp. 2.630%, FEDEFF PRV + 0.450%, 02/15/19 (d)		2,000,000		2,001,062
				66,459,307
Commercial Paper—1.8%
Bank of China, Ltd. 2.510%, 11/02/18		3,974,621		3,991,200
2.550%, 12/20/18		4,968,125		4,971,235
ING Funding LLC 2.453%, 1M LIBOR + 0.320%, 02/08/19 (d)		7,000,000		7,003,577
				15,966,012
Repurchase Agreements—14.7%
Citigroup Global Markets, Inc. Repurchase Agreement dated 05/03/18 at 2.440%, due on 10/05/18 with a maturity value of $5,052,528; collateralized by U.S. Treasury Obligations with rates ranging from 1.625% - 2.250%, maturity dates ranging from 11/30/19 - 11/15/27, and various Common Stock with an aggregate market value of $5,271,430.		5,000,000		5,000,000
Repurchase Agreement dated 07/25/18 at 2.570%, due on 11/02/18 with a maturity value of $1,007,139; collateralized by various Common Stock with an aggregate market value of $1,100,000.		1,000,000		1,000,000
Repurchase Agreement dated 01/25/17 at 2.720%, due on 12/31/18 with a maturity value of $1,685,227; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 2.220%, maturity dates ranging from 11/01/18 - 04/30/20, and an aggregate market value of $1,632,000.		1,600,000		1,600,000
Deutsche Bank AG, London Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $10,188,444; collateralized by various Common Stock with an aggregate market value of $11,133,225.		10,000,000		10,000,000
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $4,317,054; collateralized by various Common Stock with an aggregate market value of $4,778,357.		4,300,000		4,300,000

BHFTI-344

Brighthouse Funds Trust I

SSGA Growth ETF Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Macquarie Bank, Ltd., London Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $9,370,651; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 5.500%, maturity dates ranging from 08/31/19 - 05/15/48, and an aggregate market value of $9,549,026.		9,368,934	$	9,368,934
Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 10/26/16 at 2.720%, due on 12/31/18 with a maturity value of $3,710,498; collateralized by various Common Stock with an aggregate market value of $3,850,000.		3,500,000		3,500,000
Repurchase Agreement dated 08/01/17 at 2.720%, due on 12/31/18 with a maturity value of $10,390,622; collateralized by various Common Stock with an aggregate market value of $11,000,001.		10,000,000		10,000,000
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $15,007,204; collateralized by various Common Stock with an aggregate market value of $16,503,214.		15,000,000		15,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $10,129,350; collateralized by various Common Stock with an aggregate market value of $11,126,551.		10,000,000		10,000,000
Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $7,750,670; collateralized by various Common Stock with an aggregate market value of $8,456,179.		7,600,000		7,600,000
Repurchase Agreement dated 07/19/18 at 2.370%, due on 10/05/18 with a maturity value of $4,523,108; collateralized by various Common Stock with an aggregate market value of $5,007,349.		4,500,000		4,500,000
Societe Generale Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $9,828,840; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $10,773,289.		9,700,000		9,700,000
Repurchase Agreement dated 03/16/18 at 2.310%, due on 10/01/18 with a maturity value of $11,849,399; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $12,994,586.		11,700,000		11,700,000
Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $10,124,483; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $11,106,484.		10,000,000		10,000,000

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Societe Generale Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $12,245,190; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $13,438,846.		12,100,000	$	12,100,000
Repurchase Agreement dated 05/10/18 at 2.340%, due on 10/05/18 with a maturity value of $5,048,100; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $5,553,242.		5,000,000		5,000,000
Repurchase Agreement dated 07/10/18 at 2.340%, due on 10/05/18 with a maturity value of $4,927,710; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $5,442,177.		4,900,000		4,900,000
				135,268,934
Time Deposits—2.7%
Canadian Imperial Bank of Commerce 2.130%, 10/01/18		10,000,000		10,000,000
Cooperative Rabobank UA New York 2.150%, 10/01/18		7,000,000		7,000,000
Erste Group Bank AG 2.170%, 10/01/18		3,000,000		3,000,000
Skandinaviska Enskilda Banken 2.130%, 10/01/18		5,000,000		5,000,000
				25,000,000
Total Securities Lending Reinvestments (Cost $243,685,365)				243,694,253
Total Investments—126.4% (Cost $1,023,156,753)				1,162,556,171
Other assets and liabilities (net)—(26.4)%				(242,838,331	)
Net Assets—100.0%			$	919,717,840

*	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, 2018, the market value of securities loaned was $238,457,941 and the collateral received consisted of cash in the amount of $243,641,376. 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, 2018.

BHFTI-345

Brighthouse Funds Trust I

SSGA Growth ETF Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

(d)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. 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.
(ETF)—	Exchange-Traded Fund
(FEDEFF PRV)—	Effective Federal Funds Rate
(LIBOR)—	London Interbank Offered Rate

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2			Level 3		Total
Mutual Funds
Investment Company Securities	$	878,561,842	$	—		$	—	$	878,561,842
Total Short-Term Investment*		40,300,076		—			—		40,300,076
Total Securities Lending Reinvestments*		—		243,694,253			—		243,694,253
Total Investments	$	918,861,918	$	243,694,253		$	—	$	1,162,556,171
Collateral for Securities Loaned (Liability)	$	—	$	(243,641,376	)	$	—	$	(243,641,376	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-346

Brighthouse Funds Trust I

T. Rowe Price Large Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—96.1% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—3.1%
Boeing Co. (The)		151,905	$	56,493,469
Raytheon Co.		113,504		23,456,737
United Technologies Corp.		166,150		23,229,432
				103,179,638
Air Freight & Logistics—1.0%
United Parcel Service, Inc. - Class B		268,779		31,379,948
Airlines—1.6%
Southwest Airlines Co. (a)		840,958		52,517,827
Auto Components—0.9%
Magna International, Inc.		578,937		30,411,561
Banks—12.9%
Citigroup, Inc.		802,156		57,546,671
Fifth Third Bancorp		1,701,256		47,499,068
JPMorgan Chase & Co.		1,232,135		139,034,113
Signature Bank (a)		127,400		14,630,616
U.S. Bancorp		1,170,990		61,839,982
Wells Fargo & Co.		1,967,746		103,424,730
				423,975,180
Beverages—1.0%
PepsiCo, Inc.		293,922		32,860,480
Biotechnology—1.0%
Gilead Sciences, Inc.		420,531		32,469,199
Building Products—1.7%
Fortune Brands Home & Security, Inc. (a)		165,000		8,639,400
Johnson Controls International plc (a)		1,326,170		46,415,950
				55,055,350
Capital Markets—3.7%
Bank of New York Mellon Corp. (The) (a)		845,105		43,091,904
Franklin Resources, Inc. (a)		782,700		23,801,907
Morgan Stanley		1,152,390		53,666,802
				120,560,613
Chemicals—2.4%
CF Industries Holdings, Inc.		581,591		31,661,814
DowDuPont, Inc.		749,407		48,194,364
				79,856,178
Commercial Services & Supplies—0.4%
Stericycle, Inc. (a) (b)		238,521		13,996,412
Communications Equipment—2.3%
Cisco Systems, Inc.		1,563,457		76,062,183
Construction Materials—0.4%
Vulcan Materials Co. (a)		118,603		13,188,654
Containers & Packaging—1.3%
International Paper Co.		869,950		42,758,043

Security Description	Shares		Value
Diversified Financial Services—0.2%
AXA Equitable Holdings, Inc.		383,700	$	8,230,365
Diversified Telecommunication Services—1.9%
Verizon Communications, Inc.		1,172,653		62,607,944
Electric Utilities—4.7%
Evergy, Inc. (a)		620,257		34,064,514
Exelon Corp.		613,920		26,803,747
NextEra Energy, Inc.		15,000		2,514,000
PG&E Corp. (b)		702,370		32,316,044
Southern Co. (The) (a)		1,321,823		57,631,483
				153,329,788
Electronic Equipment, Instruments & Components—0.7%
TE Connectivity, Ltd.		263,094		23,133,855
Entertainment—2.0%
Twenty-First Century Fox, Inc. - Class B		1,427,462		65,406,309
Equity Real Estate Investment Trusts—1.5%
SL Green Realty Corp. (a)		209,100		20,393,523
Weyerhaeuser Co. (a)		854,833		27,585,461
				47,978,984
Food & Staples Retailing—1.5%
Walmart, Inc. (a)		516,884		48,540,576
Food Products—2.9%
Bunge, Ltd.		502,886		34,553,297
Tyson Foods, Inc. - Class A		1,049,996		62,506,262
				97,059,559
Health Care Equipment & Supplies—3.9%
Becton Dickinson & Co.		87,912		22,945,032
Hologic, Inc. (a) (b)		769,418		31,530,750
Medtronic plc		746,193		73,403,005
				127,878,787
Health Care Providers & Services—3.1%
Aetna, Inc.		306,438		62,160,948
CVS Health Corp. (a)		496,700		39,100,224
				101,261,172
Hotels, Restaurants & Leisure—1.3%
Carnival Corp.		405,913		25,885,072
Las Vegas Sands Corp.		297,368		17,642,844
				43,527,916
Household Products—1.5%
Kimberly-Clark Corp.		421,713		47,923,465
Industrial Conglomerates—0.3%
General Electric Co.		951,449		10,741,859

BHFTI-347

Brighthouse Funds Trust I

T. Rowe Price Large Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Insurance—6.1%
American International Group, Inc.		879,545	$	46,826,976
Chubb, Ltd.		600,068		80,193,087
Loews Corp. (a)		693,360		34,827,473
Marsh & McLennan Cos., Inc.		454,529		37,598,639
				199,446,175
Leisure Products—0.3%
Mattel, Inc. (a) (b)		632,355		9,927,974
Life Sciences Tools & Services—0.5%
Thermo Fisher Scientific, Inc.		62,075		15,151,266
Machinery—0.7%
Illinois Tool Works, Inc.		174,651		24,646,749
Media—1.6%
Comcast Corp. - Class A		1,014,309		35,916,681
News Corp. - Class A (a)		1,232,936		16,262,426
				52,179,107
Multiline Retail—0.5%
Kohl’s Corp. (a)		208,164		15,518,626
Oil, Gas & Consumable Fuels—10.6%
Apache Corp. (a)		332,877		15,868,247
Canadian Natural Resources, Ltd. (a)		761,258		24,862,686
EQT Corp. (a)		360,840		15,959,953
Exxon Mobil Corp.		975,717		82,955,459
Hess Corp. (a)		477,366		34,169,858
Occidental Petroleum Corp.		482,761		39,668,472
Total S.A. (ADR)		1,398,980		90,080,322
TransCanada Corp. (a)		1,110,139		44,916,224
				348,481,221
Pharmaceuticals—7.1%
Johnson & Johnson		433,291		59,867,817
Merck & Co., Inc.		926,450		65,722,363
Perrigo Co. plc (a)		387,619		27,443,425
Pfizer, Inc.		1,840,295		81,101,801
				234,135,406
Professional Services—0.7%
Nielsen Holdings plc (a)		785,000		21,713,100
Road & Rail—0.5%
Canadian Pacific Railway, Ltd.		76,477		16,208,535
Semiconductors & Semiconductor Equipment—3.4%
Applied Materials, Inc.		450,327		17,405,138
QUALCOMM, Inc. (a)		868,056		62,526,074
Texas Instruments, Inc.		298,703		32,047,845
				111,979,057

Security Description	Shares/ Principal Amount*		Value
Software—3.5%
Microsoft Corp.		1,010,179	$	115,534,172
Tobacco—1.4%
Philip Morris International, Inc.		578,055		47,134,605
Total Common Stocks (Cost $2,619,298,419)				3,157,947,838
Convertible Preferred Stocks—1.8%
Electric Utilities—0.9%
NextEra Energy, Inc. 6.123%, 09/01/19 (a)		479,723		27,320,225
Health Care Equipment & Supplies—0.2%
Becton Dickinson and Co. 6.125%, 05/01/20		112,517		7,354,111
Multi-Utilities—0.7%
Sempra Energy 6.000%, 01/15/21		189,918		19,151,331
6.750%, 07/15/21 (a)		45,416		4,557,041
				23,708,372
Total Convertible Preferred Stocks (Cost $53,106,359)				58,382,708
Short-Term Investment—2.0%
Mutual Fund—2.0%
T. Rowe Price Treasury Reserve Fund (c)		66,312,831		66,312,831
Total Short-Term Investments (Cost $66,312,831)				66,312,831
Securities Lending Reinvestments (d)—11.7%
Bank Note—0.3%
Bank of America N.A. 2.398%, 1M LIBOR + 0.250%, 11/13/18 (e)		10,000,000		10,000,000
Certificates of Deposit—5.3%
Banco Del Estado De Chile New York 2.419%, 3M LIBOR + 0.100%, 11/14/18 (e)		4,000,000		3,999,932
2.466%, 1M LIBOR + 0.250%, 03/20/19 (e)		10,000,000		9,999,480
Banco Santander S.A. 2.340%, 11/07/18		6,000,000		6,000,492
Bank of Montreal Zero Coupon, 10/31/18		6,985,081		6,986,437
Bank of Montreal (Chicago) 2.371%, 3M LIBOR + 0.030%, 11/06/18 (e)		2,000,000		1,999,996
Bank of Nova Scotia 2.618%, 3M LIBOR + 0.280%, 03/20/19 (e)		3,000,000		3,002,862

BHFTI-348

Brighthouse Funds Trust I

T. Rowe Price Large Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (d)—(Continued)

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Barclays Bank plc 2.500%, 02/01/19		3,000,000	$	2,999,958
BNP Paribas S.A. New York 2.574%, 1M LIBOR + 0.470%, 12/04/18 (e)		7,000,000		7,004,109
Canadian Imperial Bank of Commerce 2.459%, 3M LIBOR + 0.120%, 01/14/19 (e)		5,000,000		5,001,485
Commonwealth Bank of Australia 2.358%, 1M LIBOR + 0.210%, 09/13/19 (e)		3,000,000		3,000,000
2.487%, 3M LIBOR + 0.140%, 04/23/19 (e)		1,000,000		1,000,358
Cooperative Rabobank UA 2.479%, 3M LIBOR + 0.140%, 10/16/18 (e)		5,000,000		5,000,375
2.543%, 3M LIBOR + 0.200%, 04/05/19 (e)		4,000,000		4,003,064
Credit Agricole S.A. 2.463%, 1M LIBOR + 0.330%, 10/09/18 (e)		5,000,000		5,000,200
Industrial & Commercial Bank of China, Ltd. 2.500%, 11/15/18		10,000,000		9,999,760
2.530%, 12/24/18		5,000,000		4,999,890
KBC Bank NV 2.400%, 12/27/18		12,000,000		12,000,000
Landesbank Baden-Wuettertemberg 2.180%, 10/02/18		10,000,000		10,000,020
Mizuho Bank, Ltd., New York 2.468%, 1M LIBOR + 0.250%, 11/26/18 (e)		4,000,000		3,999,868
Natixis S.A. New York 2.504%, 1M LIBOR + 0.370%, 02/14/19 (e)		8,000,000		8,005,352
Royal Bank of Canada New York 2.378%, 1M LIBOR + 0.210%, 09/17/19 (e)		10,000,000		9,999,450
Standard Chartered plc 2.396%, 1M LIBOR + 0.180%, 02/25/19 (e)		13,000,000		12,998,479
2.551%, 1M LIBOR + 0.420%, 10/11/18 (e)		4,000,000		4,000,200
Sumitomo Mitsui Banking Corp., New York 2.290%, 1M LIBOR + 0.180%, 03/05/19 (e)		2,000,000		1,999,766
Sumitomo Mitsui Trust Bank, Ltd (NY) 2.423%, 3M LIBOR + 0.090%, 10/18/18 (e)		3,000,377		2,999,979
Sumitomo Mitsui Trust Bank, Ltd. 2.502%, 1M LIBOR + 0.320%, 11/21/18 (e)		6,500,000		6,500,000
Sumitomo Mitsui Trust Bank, Ltd., London 2.528%, 1M LIBOR + 0.310%, 11/26/18 (e)		8,000,000		8,000,000
Svenska Handelsbanken AB 2.554%, 1M LIBOR + 0.450%, 04/03/19 (e)		4,000,000		4,005,900
Toronto-Dominion Bank 2.378%, 1M LIBOR + 0.210%, 09/17/19 (e)		5,000,000		5,000,000
Westpac Banking Corp. 2.630%, FEDEFF PRV + 0.450%, 02/15/19 (e)		3,000,000		3,001,593
				172,509,005
Commercial Paper—1.5%
Bank of China, Ltd. 2.550%, 12/20/18		11,923,500		11,930,964
ING Funding LLC 2.453%, 1M LIBOR + 0.320%, 02/08/19 (e)		15,000,000		15,007,665
LMA S.A. & LMA Americas 2.470%, 11/13/18		3,951,972		3,988,436

Security Description	Principal Amount*		Value
Commercial Paper—(Continued)
Sheffield Receivables Co. 2.490%, 11/26/18		6,908,493	$	6,973,113
2.510%, SOFR + 0.350%, 11/28/18 (e)		1,000,000		1,000,274
Sinopec Century Bright Capital Investment, Ltd. 2.400%, 11/01/18		1,988,000		1,995,668
UBS AG 2.534%, 1M LIBOR + 0.430%, 02/01/19 (e)		8,000,000		8,007,384
				48,903,504
Repurchase Agreements—4.6%
Citigroup Global Markets, Inc. Repurchase Agreement dated 05/03/18 at 2.440%, due on 10/05/18 with a maturity value of $5,052,528; collateralized by U.S. Treasury Obligations with rates ranging from 1.625% - 2.250%, maturity dates ranging from 11/30/19 - 11/15/27, and various Common Stock with an aggregate market value of $5,271,430.		5,000,000		5,000,000
Repurchase Agreement dated 07/25/18 at 2.570%, due on 11/02/18 with a maturity value of $2,517,847; collateralized by various Common Stock with an aggregate market value of $2,750,000.		2,500,000		2,500,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $3,800,709; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.375% - 3.125%, maturity dates ranging from 12/17/18 - 02/15/43, and an aggregate market value of $3,876,000.		3,800,000		3,800,000
Deutsche Bank AG, London Repurchase Agreement dated 08/24/18 at 2.560%, due on 10/01/18 with a maturity value of $20,054,044; collateralized by various Common Stock with an aggregate market value of $22,266,451.		20,000,000		20,000,000
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $1,003,966; collateralized by various Common Stock with an aggregate market value of $1,111,246.		1,000,000		1,000,000
Macquarie Bank, Ltd., London Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $706,161; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 5.500%, maturity dates ranging from 08/31/19 - 05/15/48, and an aggregate market value of $719,603.		706,032		706,032
Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 10/26/16 at 2.720%, due on 12/31/18 with a maturity value of $2,120,284; collateralized by various Common Stock with an aggregate market value of $2,200,000.		2,000,000		2,000,000
Repurchase Agreement dated 08/01/17 at 2.720%, due on 12/31/18 with a maturity value of $11,429,684; collateralized by various Common Stock with an aggregate market value of $12,100,001.		11,000,000		11,000,000

BHFTI-349

Brighthouse Funds Trust I

T. Rowe Price Large Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (d)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $60,028,817; collateralized by various Common Stock with an aggregate market value of $66,012,856.		60,000,000	$	60,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $3,646,566; collateralized by various Common Stock with an aggregate market value of $4,005,559.		3,600,000		3,600,000
Repurchase Agreement dated 07/18/18 at 2.370%, due on 10/05/18 with a maturity value of $7,036,406; collateralized by various Common Stock with an aggregate market value of $7,789,209.		7,000,000		7,000,000
Repurchase Agreement dated 07/19/18 at 2.370%, due on 10/05/18 with a maturity value of $7,035,945; collateralized by various Common Stock with an aggregate market value of $7,789,209.		7,000,000		7,000,000
Societe Generale Repurchase Agreement dated 03/16/18 at 2.310%, due on 10/01/18 with a maturity value of $5,772,784; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $6,330,696.		5,700,000		5,700,000
Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $1,011,999; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $1,110,648.		1,000,000		1,000,000
Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $2,024,897; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,221,297.		2,000,000		2,000,000
Repurchase Agreement dated 04/18/18 at 2.340%, due on 10/05/18 with a maturity value of $5,055,250; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $5,553,242.		5,000,000		5,000,000
Repurchase Agreement dated 05/10/18 at 2.340%, due on 10/05/18 with a maturity value of $9,086,580; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $9,995,836.		9,000,000		9,000,000

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Societe Generale Repurchase Agreement dated 07/10/18 at 2.340%, due on 10/05/18 with a maturity value of $5,028,275; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $5,553,242.		5,000,000	$	5,000,000
				151,306,032
Total Securities Lending Reinvestments (Cost $382,681,492)				382,718,541
Total Investments—111.6% (Cost $3,121,399,101)				3,665,361,918
Other assets and liabilities (net)—(11.6)%				(380,068,589	)
Net Assets—100.0%			$	3,285,293,329

*	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, 2018, the market value of securities loaned was $372,977,272 and the collateral received consisted of cash in the amount of $382,563,454. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(b)	Non-income producing security.
(c)	Affiliated Issuer.
(d)	Represents investment of cash collateral received from securities on loan as of September 30, 2018.
(e)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. 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.
(ADR)—	American Depositary Receipt
(FEDEFF PRV)—	Effective Federal Funds Rate
(LIBOR)—	London Interbank Offered Rate
(SOFR)—	Secured Overnight Financing Rate

BHFTI-350

Brighthouse Funds Trust I

T. Rowe Price Large Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2			Level 3		Total
Total Common Stocks*	$	3,157,947,838	$	—		$	—	$	3,157,947,838
Total Convertible Preferred Stocks*		58,382,708		—			—		58,382,708
Total Short-Term Investment*		66,312,831		—			—		66,312,831
Total Securities Lending Reinvestments*		—		382,718,541			—		382,718,541
Total Investments	$	3,282,643,377	$	382,718,541		$	—	$	3,665,361,918
Collateral for Securities Loaned (Liability)	$	—	$	(382,563,454	)	$	—	$	(382,563,454	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-351

Brighthouse Funds Trust I

T. Rowe Price Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—92.8% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—4.9%
BWX Technologies, Inc. (a)		132,000	$	8,255,280
Harris Corp.		173,000		29,273,330
L3 Technologies, Inc.		27,567		5,861,295
Maxar Technologies, Ltd.		66,640		2,203,785
Textron, Inc.		558,000		39,880,260
				85,473,950
Airlines—0.9%
Alaska Air Group, Inc. (a)		66,000		4,544,760
United Continental Holdings, Inc. (b)		132,000		11,755,920
				16,300,680
Auto Components—1.1%
Aptiv plc		175,000		14,682,500
Visteon Corp. (a) (b)		54,000		5,016,600
				19,699,100
Automobiles—0.2%
Ferrari NV		18,555		2,540,365
Banks—0.9%
Fifth Third Bancorp		402,000		11,223,840
Webster Financial Corp.		81,000		4,775,760
				15,999,600
Biotechnology—2.7%
Alkermes plc (a) (b)		318,000		13,495,920
Alnylam Pharmaceuticals, Inc. (a) (b)		71,000		6,213,920
Exact Sciences Corp. (b)		90,000		7,102,800
Incyte Corp. (b)		106,000		7,322,480
Madrigal Pharmaceuticals, Inc. (a) (b)		4,000		856,520
Sage Therapeutics, Inc. (b)		20,300		2,867,375
Seattle Genetics, Inc. (a) (b)		106,000		8,174,720
TESARO, Inc. (a) (b)		15,000		585,150
				46,618,885
Building Products—0.9%
Allegion plc (a)		165,000		14,944,050
Capital Markets—3.0%
Cboe Global Markets, Inc.		135,000		12,954,600
KKR & Co., Inc. - Class A		319,000		8,699,130
MarketAxess Holdings, Inc. (a)		26,000		4,640,740
Oaktree Capital Group LLC		67,000		2,773,800
TD Ameritrade Holding Corp.		437,000		23,086,710
				52,154,980
Chemicals—2.5%
Air Products & Chemicals, Inc.		106,000		17,707,300
RPM International, Inc. (a)		214,000		13,897,160
Valvoline, Inc. (a)		563,000		12,110,130
				43,714,590
Commercial Services & Supplies—1.6%
KAR Auction Services, Inc.		204,000		12,176,760
Waste Connections, Inc.		194,000		15,475,380
				27,652,140
Construction Materials—0.4%
Martin Marietta Materials, Inc. (a)		39,000		7,096,050
Consumer Finance—0.3%
SLM Corp. (a) (b)		471,000		5,251,650
Containers & Packaging—1.8%
Ardagh Group S.A.		25,000		417,250
Ball Corp. (a)		576,000		25,338,240
Sealed Air Corp. (a)		132,000		5,299,800
				31,055,290
Diversified Consumer Services—0.8%
ServiceMaster Global Holdings, Inc. (b)		214,000		13,274,420
Electrical Equipment—1.4%
Sensata Technologies Holding plc (a) (b)		500,000		24,775,000
Electronic Equipment, Instruments & Components—3.5%
Coherent, Inc. (a) (b)		39,000		6,715,410
Corning, Inc. (a)		533,000		18,814,900
Keysight Technologies, Inc. (b)		451,000		29,892,280
National Instruments Corp.		122,000		5,896,260
				61,318,850
Entertainment—0.2%
Electronic Arts, Inc. (b)		21,000		2,530,290
Food & Staples Retailing—1.7%
Casey’s General Stores, Inc. (a)		101,000		13,040,110
Kroger Co. (The)		294,000		8,558,340
Sprouts Farmers Market, Inc. (a) (b)		291,000		7,976,310
				29,574,760
Food Products—1.0%
Conagra Brands, Inc. (a)		268,000		9,103,960
TreeHouse Foods, Inc. (a) (b)		174,000		8,325,900
				17,429,860
Gas Utilities—0.3%
Atmos Energy Corp. (a)		59,000		5,540,690
Health Care Equipment & Supplies—7.1%
Cooper Cos., Inc. (The)		119,000		32,980,850
DENTSPLY SIRONA, Inc. (a)		52,000		1,962,480
DexCom, Inc. (b)		47,000		6,722,880
Hologic, Inc. (b)		677,000		27,743,460
IDEXX Laboratories, Inc. (b)		20,000		4,993,200
Teleflex, Inc.		146,000		38,849,140
West Pharmaceutical Services, Inc. (a)		79,000		9,754,130
				123,006,140

BHFTI-352

Brighthouse Funds Trust I

T. Rowe Price Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Health Care Providers & Services—1.3%
Acadia Healthcare Co., Inc. (a) (b)		194,000	$	6,828,800
Envision Healthcare Corp. (b)		186,000		8,505,780
MEDNAX, Inc. (a) (b)		161,000		7,512,260
				22,846,840
Health Care Technology—0.1%
athenahealth, Inc. (b)		13,000		1,736,800
Hotels, Restaurants & Leisure—6.5%
Aramark		318,000		13,680,360
Darden Restaurants, Inc.		47,000		5,225,930
Dunkin’ Brands Group, Inc. (a)		134,000		9,878,480
Hilton Worldwide Holdings, Inc.		135,000		10,905,300
Marriott International, Inc. - Class A		106,000		13,995,180
MGM Resorts International		592,000		16,522,720
Norwegian Cruise Line Holdings, Ltd. (b)		452,000		25,958,360
Vail Resorts, Inc. (a)		59,000		16,190,780
				112,357,110
Industrial Conglomerates—1.4%
Roper Technologies, Inc.		81,000		23,993,010
Insurance—4.1%
Assurant, Inc. (a)		80,000		8,636,000
Axis Capital Holdings, Ltd. (a)		81,000		4,674,510
Fidelity National Financial, Inc.		453,000		17,825,550
Progressive Corp. (The)		241,000		17,120,640
Willis Towers Watson plc (a)		163,733		23,076,529
				71,333,229
Interactive Media & Services—1.8%
IAC/InterActiveCorp (b)		122,000		26,439,840
Zillow Group, Inc. - Class A (a) (b)		24,000		1,060,800
Zillow Group, Inc. - Class C (a) (b)		81,000		3,584,250
				31,084,890
Internet & Direct Marketing Retail—0.4%
Expedia Group, Inc. (a)		48,000		6,263,040
Farfetch, Ltd. - Class A (a) (b)		23,000		626,290
				6,889,330
IT Services—7.0%
Black Knight, Inc. (b)		241,000		12,519,950
CoreLogic, Inc. (b)		306,000		15,119,460
Fidelity National Information Services, Inc.		107,000		11,670,490
Fiserv, Inc. (a) (b)		226,000		18,617,880
FleetCor Technologies, Inc. (b)		64,000		14,581,760
Gartner, Inc. (a) (b)		53,000		8,400,500
Global Payments, Inc.		89,556		11,409,434
Shopify, Inc. - Class A (a) (b)		18,000		2,960,280
Worldpay, Inc. - Class A (b)		265,000		26,836,550
				122,116,304
Life Sciences Tools & Services—3.2%
Agilent Technologies, Inc.		371,000		26,170,340
Bruker Corp. (a)		550,000		18,397,500
IQVIA Holdings, Inc. (b)		80,000		10,379,200
				54,947,040
Machinery—4.4%
Colfax Corp. (a) (b)		262,000		9,447,720
Fortive Corp. (a)		200,000		16,840,000
Gardner Denver Holdings, Inc. (a) (b)		358,000		10,145,720
IDEX Corp.		163,000		24,557,580
Xylem, Inc.		197,000		15,734,390
				76,725,410
Metals & Mining—0.4%
Franco-Nevada Corp. (a)		106,000		6,630,300
Multi-Utilities—0.5%
Sempra Energy (a)		83,000		9,441,250
Multiline Retail—2.0%
Dollar General Corp.		213,000		23,280,900
Dollar Tree, Inc. (b)		134,000		10,927,700
				34,208,600
Oil, Gas & Consumable Fuels—2.0%
ARC Resources, Ltd.		270,000		3,010,103
Cabot Oil & Gas Corp. (a)		323,000		7,273,960
Centennial Resource Development, Inc. - Class A (a) (b)		265,000		5,790,250
Concho Resources, Inc. (a) (b)		106,000		16,191,500
Venture Global LNG, Inc. - Series B (b) (c) (d) (e)		78		405,600
Venture Global LNG, Inc. - Series C (b) (c) (d) (e)		540		2,808,000
				35,479,413
Pharmaceuticals—1.4%
Amneal Pharmaceuticals, Inc. (a) (b)		199,272		4,421,846
Catalent, Inc. (b)		407,000		18,538,850
Elanco Animal Health, Inc. (a) (b)		42,000		1,465,380
				24,426,076
Professional Services—3.5%
CoStar Group, Inc. (b)		26,000		10,941,840
Equifax, Inc.		38,659		5,047,706
IHS Markit, Ltd. (b)		199,000		10,738,040
TransUnion		212,000		15,598,960
Verisk Analytics, Inc. (b)		160,000		19,288,000
				61,614,546
Real Estate Management & Development—0.1%
WeWork Cos., Inc. - Class A (b) (c) (d) (e)		34,388		2,260,667
Road & Rail—0.8%
J.B. Hunt Transport Services, Inc. (a)		26,000		3,092,440
Kansas City Southern		93,000		10,535,040
				13,627,480

BHFTI-353

Brighthouse Funds Trust I

T. Rowe Price Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Semiconductors & Semiconductor Equipment—4.4%
Marvell Technology Group, Ltd.		579,000	$	11,174,700
Maxim Integrated Products, Inc.		188,000		10,601,320
Microchip Technology, Inc. (a)		385,000		30,380,350
Skyworks Solutions, Inc.		94,000		8,526,740
Xilinx, Inc.		186,000		14,911,620
				75,594,730
Software—5.2%
Atlassian Corp. plc - Class A (a) (b)		132,000		12,690,480
CDK Global, Inc.		132,000		8,257,920
Guidewire Software, Inc. (a) (b)		36,000		3,636,360
Red Hat, Inc. (b)		105,132		14,327,389
Splunk, Inc. (b)		40,000		4,836,400
SS&C Technologies Holdings, Inc.		144,000		8,183,520
Symantec Corp.		429,000		9,129,120
Tableau Software, Inc. - Class A (a) (b)		95,000		10,615,300
Workday, Inc. - Class A (a) (b)		133,000		19,415,340
				91,091,829
Specialty Retail—2.5%
Burlington Stores, Inc. (a) (b)		76,000		12,381,920
CarMax, Inc. (b)		150,000		11,200,500
Michaels Cos., Inc. (The) (a) (b)		213,000		3,456,990
O’Reilly Automotive, Inc. (b)		27,000		9,377,640
Ulta Salon Cosmetics & Fragrance, Inc. (b)		26,000		7,335,120
				43,752,170
Textiles, Apparel & Luxury Goods—1.8%
Tapestry, Inc.		638,000		32,072,260
Trading Companies & Distributors—0.8%
HD Supply Holdings, Inc. (b)		318,000		13,607,220
Total Common Stocks (Cost $1,094,351,387)				1,613,787,844
Convertible Preferred Stocks—0.9%
Internet & Direct Marketing Retail—0.2%
Roofoods, Ltd. - Series F (b) (c) (d) (e)		7,253		3,698,522
Real Estate Management & Development—0.6%
WeWork Cos., Inc. - Series D1 (b) (c) (d) (e)		89,839		5,906,016
WeWork Cos., Inc. - Series D2 (b) (c) (d) (e)		70,588		4,640,455
				10,546,471
Software—0.1%
Slack Technologies, Inc. - Series H, (b) (c) (d) (e)		96,144		1,144,623
Total Convertible Preferred Stocks (Cost $6,380,366)				15,389,616
Short-Term Investment—6.3%
Security Description	Shares/ Principal Amount*		Value
Mutual Fund—6.3%
T. Rowe Price Treasury Reserve Fund (f)		109,393,207		109,393,207
Total Short-Term Investments (Cost $109,393,207)				109,393,207
Securities Lending Reinvestments (g)—19.6%
Certificates of Deposit—11.0%
Banco Santander S.A. 2.340%, 11/07/18		5,000,000		5,000,410
Bank of Montreal Zero Coupon, 10/31/18		7,982,950		7,984,500
Bank of Montreal (Chicago) 2.371%, 3M LIBOR + 0.030%, 11/06/18 (h)		2,000,000		1,999,996
Bank of Nova Scotia 2.618%, 3M LIBOR + 0.280%, 03/20/19 (h)		10,000,000		10,009,540
Barclays Bank plc 2.304%, 1M LIBOR + 0.200%, 02/04/19 (h)		7,000,000		6,998,579
2.500%, 02/01/19		2,000,000		1,999,972
BNP Paribas S.A. New York 2.574%, 1M LIBOR + 0.470%, 12/04/18 (h)		4,000,000		4,002,348
Canadian Imperial Bank of Commerce 2.459%, 3M LIBOR + 0.120%, 01/14/19 (h)		5,000,000		5,001,485
Commonwealth Bank of Australia 2.358%, 1M LIBOR + 0.210%, 09/13/19 (h)		3,000,000		3,000,000
2.487%, 3M LIBOR + 0.140%, 04/23/19 (h)		3,000,000		3,001,074
Cooperative Rabobank UA 2.479%, 3M LIBOR + 0.140%, 10/16/18 (h)		8,500,000		8,500,637
Credit Agricole S.A. 2.463%, 1M LIBOR + 0.330%, 10/09/18 (h)		9,000,000		9,000,360
Credit Industriel et Commercial (NY) Zero Coupon, 01/25/19		2,961,684		2,976,090
Industrial & Commercial Bank of China, Ltd. 2.500%, 10/24/18		3,000,000		3,000,039
2.500%, 11/15/18		7,000,000		6,999,832
KBC Bank NV 2.400%, 12/27/18		7,000,000		7,000,000
Landesbank Baden-Wuettertemberg 2.180%, 10/02/18		5,000,000		5,000,010
Mitsubishi UFJ Trust and Banking Corp. Zero Coupon, 01/15/19		6,947,412		6,948,859
Mizuho Bank, Ltd. 2.571%, 1M LIBOR + 0.440%, 10/11/18 (h)		2,500,000		2,500,062
Mizuho Bank, Ltd., New York 2.468%, 1M LIBOR + 0.250%, 11/26/18 (h)		5,000,000		4,999,835
Natixis S.A. New York 2.431%, 3M LIBOR + 0.090%, 05/10/19 (h)		5,000,000		4,999,605
2.504%, 1M LIBOR + 0.370%, 02/14/19 (h)		3,000,000		3,002,007
2.533%, 3M LIBOR + 0.190%, 02/01/19 (h)		5,000,000		5,000,405
Royal Bank of Canada New York 2.378%, 1M LIBOR + 0.210%, 09/17/19 (h)		7,000,000		6,999,615
2.381%, 1M LIBOR + 0.250%, 01/11/19 (h)		2,000,000		2,000,660
Societe Generale 2.504%, 1M LIBOR + 0.400%, 10/02/18 (h)		6,000,000		5,999,898

BHFTI-354

Brighthouse Funds Trust I

T. Rowe Price Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (g)—(Continued)

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Standard Chartered plc 2.396%, 1M LIBOR + 0.180%, 02/25/19 (h)		11,000,000	$	10,998,713
Sumitomo Mitsui Banking Corp. 2.321%, 1M LIBOR + 0.190%, 04/11/19 (h)		5,000,000		4,999,765
Sumitomo Mitsui Trust Bank, Ltd. 2.423%, 3M LIBOR + 0.090%, 10/18/18 (h)		3,000,377		2,999,979
2.443%, 3M LIBOR + 0.110%, 10/11/18 (h)		4,000,000		4,000,028
2.502%, 1M LIBOR + 0.320%, 11/21/18 (h)		3,000,000		3,000,000
Sumitomo Mitsui Trust Bank, Ltd., London 2.528%, 1M LIBOR + 0.310%, 11/26/18 (h)		5,000,000		5,000,000
Svenska Handelsbanken AB 2.439%, 3M LIBOR + 0.100%, 04/30/19 (h)		6,000,000		6,000,714
Toronto-Dominion Bank 2.378%, 1M LIBOR + 0.210%, 09/17/19 (h)		5,000,000		5,000,000
Wells Fargo Bank N.A. 2.473%, 3M LIBOR + 0.140%, 07/11/19 (h)		8,000,000		8,000,912
Westpac Banking Corp. 2.630%, FEDEFF PRV + 0.450%, 02/15/19 (h)		8,000,000		8,004,249
				191,930,178
Commercial Paper—2.5%
Bank of China, Ltd. 2.550%, 10/19/18		993,838		998,716
2.550%, 12/20/18		4,968,125		4,971,235
ING Funding LLC 2.448%, 3M LIBOR + 0.110%, 05/10/19 (h)		5,000,000		5,000,515
2.453%, 1M LIBOR + 0.320%, 02/08/19 (h)		8,000,000		8,004,088
Sheffield Receivables Co. 2.490%, 11/26/18		1,973,855		1,992,318
2.510%, SOFR + 0.350%, 11/28/18 (h)		1,500,000		1,500,411
Sinopec Century Bright Capital Investment, Ltd. 2.400%, 11/01/18		2,982,000		2,993,502
Starbird Funding Corp. 2.280%, 11/08/18		2,982,900		2,992,338
UBS AG 2.534%, 1M LIBOR + 0.430%, 02/01/19 (h)		10,000,000		10,009,230
Westpac Banking Corp. 2.492%, 1M LIBOR + 0.280%, 05/24/19 (h)		5,000,000		5,002,770
				43,465,123
Repurchase Agreements—4.7%
Citigroup Global Markets, Inc. Repurchase Agreement dated 05/03/18 at 2.440%, due on 10/05/18 with a maturity value of $5,052,528; collateralized by U.S. Treasury Obligations with rates ranging from 1.625% - 2.250%, maturity dates ranging from 11/30/19 - 11/15/27, and various Common Stock with an aggregate market value of $5,271,430.		5,000,000		5,000,000
Repurchase Agreement dated 07/25/18 at 2.570%, due on 11/02/18 with a maturity value of $5,035,694; collateralized by various Common Stock with an aggregate market value of $5,500,001.		5,000,000		5,000,000
Repurchase Agreements—(Continued)
Citigroup Global Markets, Ltd. Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $1,600,299; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.625% - 2.875%, maturity dates ranging from 01/15/19 - 02/15/43, and an aggregate market value of $1,632,000.		1,600,000		1,600,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $1,000,187; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 1.750% - 2.875%, maturity dates ranging from 10/15/20 - 05/15/27, and an aggregate market value of $1,020,001.		1,000,000		1,000,000
Deutsche Bank AG, London Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $916,960; collateralized by various Common Stock with an aggregate market value of $1,001,990.		900,000		900,000
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $1,003,966; collateralized by various Common Stock with an aggregate market value of $1,111,246.		1,000,000		1,000,000
Macquarie Bank, Ltd., London Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $294,170; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 5.500%, maturity dates ranging from 08/31/19 - 05/15/48, and an aggregate market value of $299,770.		294,116		294,116
Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 10/26/16 at 2.720%, due on 12/31/18 with a maturity value of $3,922,526; collateralized by various Common Stock with an aggregate market value of $4,070,000.		3,700,000		3,700,000
Repurchase Agreement dated 08/01/17 at 2.720%, due on 12/31/18 with a maturity value of $15,585,933; collateralized by various Common Stock with an aggregate market value of $16,500,002.		15,000,000		15,000,000
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $15,007,204; collateralized by various Common Stock with an aggregate market value of $16,503,214.		15,000,000		15,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $1,733,703; collateralized by various Common Stock with an aggregate market value of $1,891,514.		1,700,000		1,700,000
Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $1,519,403; collateralized by various Common Stock with an aggregate market value of $1,668,983.		1,500,000		1,500,000
Repurchase Agreement dated 07/18/18 at 2.370%, due on 10/05/18 with a maturity value of $6,031,205; collateralized by various Common Stock with an aggregate market value of $6,676,465.		6,000,000		6,000,000

BHFTI-355

Brighthouse Funds Trust I

T. Rowe Price Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (g)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
NBC Global Finance, Ltd. Repurchase Agreement dated 07/19/18 at 2.370%, due on 10/05/18 with a maturity value of $7,538,513; collateralized by various Common Stock with an aggregate market value of $8,345,581.		7,500,000	$	7,500,000
Societe Generale Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $2,127,893; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,332,362.		2,100,000		2,100,000
Repurchase Agreement dated 03/16/18 at 2.310%, due on 10/01/18 with a maturity value of $2,633,200; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,887,686.		2,600,000		2,600,000
Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $1,012,448; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $1,110,648.		1,000,000		1,000,000
Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $2,732,398; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,998,751.		2,700,000		2,700,000
Repurchase Agreement dated 05/10/18 at 2.340%, due on 10/05/18 with a maturity value of $8,682,732; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $9,551,576.		8,600,000		8,600,000
				82,194,116
Time Deposits—1.4%
Canadian Imperial Bank of Commerce 2.130%, 10/01/18		10,000,000		10,000,000
Cooperative Rabobank UA New York 2.150%, 10/01/18		5,000,000		5,000,000
DZ Bank AG 2.150%, 10/01/18		1,000,000		1,000,000
Erste Group Bank AG 2.170%, 10/01/18		5,000,000		5,000,000
Nordea Bank New York 2.140%, 10/01/18		1,000,000		1,000,000
Time Deposits—(Continued)
Skandinaviska Enskilda Banken 2.130%, 10/01/18		1,000,000		1,000,000
Svenska Handelsbanken AB 2.140%, 10/01/18		1,000,000		1,000,000
				24,000,000
Total Securities Lending Reinvestments (Cost $341,552,483)				341,589,417
Total Investments—119.6% (Cost $1,551,677,443)				2,080,160,084
Other assets and liabilities (net)—(19.6)%				(340,513,409	)
Net Assets—100.0%			$	1,739,646,675

*	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, 2018, the market value of securities loaned was $333,634,467 and the collateral received consisted of cash in the amount of $341,487,257. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(b)	Non-income producing security.
(c)	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, 2018, the market value of restricted securities was $20,863,883, which is 1.2% of net assets. See details shown in the Restricted Securities table that follows.
(d)	Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2018, these securities represent 1.2% of net assets.
(e)	Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3.
(f)	Affiliated Issuer.
(g)	Represents investment of cash collateral received from securities on loan as of September 30, 2018.
(h)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. 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.
(FEDEFF PRV)—	Effective Federal Funds Rate
(LIBOR)—	London Interbank Offered Rate
(SOFR)—	Secured Overnight Financing Rate

BHFTI-356

Brighthouse Funds Trust I

T. Rowe Price Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Restricted Securities	Acquisition Date		Shares		Cost		Value
Roofoods, Ltd. - Series F		09/12/17		7,253	$	2,564,447	$	3,698,522
Slack Technologies, Inc. - Series H		08/17/18		96,144		1,144,623		1,144,623
Venture Global LNG, Inc. - Series B		03/08/18		78		235,560		405,600
Venture Global LNG, Inc. - Series C		10/16/17-03/08/18		540		1,987,525		2,808,000
WeWork Cos., Inc. - Class A		12/09/14-05/26/15		34,388		498,861		2,260,667
WeWork Cos., Inc. - Series D1		12/09/14		89,839		1,495,924		5,906,016
WeWork Cos., Inc. - Series D2		12/09/14		70,588		1,175,372		4,640,455
							$	20,863,883

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2		Level 3		Total
Common Stocks
Aerospace & Defense	$	85,473,950	$	—	$	—	$	85,473,950
Airlines		16,300,680		—		—		16,300,680
Auto Components		19,699,100		—		—		19,699,100
Automobiles		2,540,365		—		—		2,540,365
Banks		15,999,600		—		—		15,999,600
Biotechnology		46,618,885		—		—		46,618,885
Building Products		14,944,050		—		—		14,944,050
Capital Markets		52,154,980		—		—		52,154,980
Chemicals		43,714,590		—		—		43,714,590
Commercial Services & Supplies		27,652,140		—		—		27,652,140
Construction Materials		7,096,050		—		—		7,096,050
Consumer Finance		5,251,650		—		—		5,251,650
Containers & Packaging		31,055,290		—		—		31,055,290
Diversified Consumer Services		13,274,420		—		—		13,274,420
Electrical Equipment		24,775,000		—		—		24,775,000
Electronic Equipment, Instruments & Components		61,318,850		—		—		61,318,850
Entertainment		2,530,290		—		—		2,530,290
Food & Staples Retailing		29,574,760		—		—		29,574,760
Food Products		17,429,860		—		—		17,429,860
Gas Utilities		5,540,690		—		—		5,540,690
Health Care Equipment & Supplies		123,006,140		—		—		123,006,140
Health Care Providers & Services		22,846,840		—		—		22,846,840
Health Care Technology		1,736,800		—		—		1,736,800
Hotels, Restaurants & Leisure		112,357,110		—		—		112,357,110
Industrial Conglomerates		23,993,010		—		—		23,993,010
Insurance		71,333,229		—		—		71,333,229

BHFTI-357

Brighthouse Funds Trust I

T. Rowe Price Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1		Level 2			Level 3		Total
Interactive Media & Services	$	31,084,890	$	—		$	—	$	31,084,890
Internet & Direct Marketing Retail		6,889,330		—			—		6,889,330
IT Services		122,116,304		—			—		122,116,304
Life Sciences Tools & Services		54,947,040		—			—		54,947,040
Machinery		76,725,410		—			—		76,725,410
Metals & Mining		6,630,300		—			—		6,630,300
Multi-Utilities		9,441,250		—			—		9,441,250
Multiline Retail		34,208,600		—			—		34,208,600
Oil, Gas & Consumable Fuels		32,265,813		—			3,213,600		35,479,413
Pharmaceuticals		24,426,076		—			—		24,426,076
Professional Services		61,614,546		—			—		61,614,546
Real Estate Management & Development		—		—			2,260,667		2,260,667
Road & Rail		13,627,480		—			—		13,627,480
Semiconductors & Semiconductor Equipment		75,594,730		—			—		75,594,730
Software		91,091,829		—			—		91,091,829
Specialty Retail		43,752,170		—			—		43,752,170
Textiles, Apparel & Luxury Goods		32,072,260		—			—		32,072,260
Trading Companies & Distributors		13,607,220		—			—		13,607,220
Total Common Stocks		1,608,313,577		—			5,474,267		1,613,787,844
Total Convertible Preferred Stocks*		—		—			15,389,616		15,389,616
Total Short-Term Investment*		109,393,207		—			—		109,393,207
Securities Lending Reinvestments*		—		341,589,417			—		341,589,417
Total Investments	$	1,717,706,784	$	341,589,417		$	20,863,883	$	2,080,160,084
Collateral for Securities Loaned (Liability)	$	—	$	(341,487,257	)	$	—	$	(341,487,257	)

* 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, 2017		Change in Unrealized Appreciation		Purchases		Balance as of September 30, 2018		Change in Unrealized Appreciation from Investments Still Held at September 30, 2018
Common Stocks
Oil, Gas & Consumable Fuels	$	1,791,225	$	990,515	$	431,860	$	3,213,600	$	990,515
Real Estate Management & Development		1,576,690		683,977		—		2,260,667		683,977
Convertible Preferred Stocks
Internet & Direct Marketing Retail		2,564,447		1,134,075		—		3,698,522		1,134,075
Real Estate Management & Development		7,355,578		3,190,893		—		10,546,471		3,190,893
Software		—		—		1,144,623		1,144,623		—
Total	$	13,287,940	$	5,999,460	$	1,576,483	$	20,863,883	$	5,999,460

BHFTI-358

Brighthouse Funds Trust I

T. Rowe Price Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value at September 30, 2018

Valuation Technique(s)

Unobservable Input

Range

Weighted Average

Relationship Between Fair Value and Input; if input value increases then Fair Value:

Common Stock

Oil, Gas & Consumable Fuels

$

3,213,600

Market Transaction Method

Precedent Transaction

$5,200.00

$5,200.00

$5,200.00

Increase

Real Estate Management & Development

2,260,667

Market Transaction Method

Precedent Transactions

$26.00

$51.81

$45.85

Increase

Market Aligned Multiples

Enterprise Value/Gross Profit

11.6x

13.8x

12.7x

Increase

Enterprise Value/EBITDA

24.2x

31.1x

27.7x

Increase

Discount for Lack of Marketability

10.00%

10.00%

10.00%

Decrease

Convertible Preferred Stocks

Internet & Direct Marketing Retail

3,698,522

Market Transaction Method

Precedent Transactions

$353.57

$353.57

$353.57

Increase

Market Aligned Multiples

Enterprise Value/Gross Profit

15.1x

15.1x

15.1x

Increase

Enterprise Value/Gross Merchandise Value

2.0x

2.0x

2.0x

Increase

Discount for Lack of Marketability

10.00%

10.00%

10.00%

Decrease

Real Estate Management & Development

10,546,471

Market Transaction Method

Precedent Transactions

$

26.00

$

51.81

$

45.85

Increase

Market Aligned Multiples

Enterprise Value/Gross Profit

11.6x

13.8x

12.7x

Increase

Enterprise Value/EBITDA

24.2x

31.1x

27.7x

Increase

Discount for Lack of Marketability

10.00%

10.00%

10.00%

Decrease

Software

1,144,623

Market Transaction Method

Precedent Transaction

$

11.91

$

11.91

$

11.91

Increase

BHFTI-359

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

U.S. Treasury & Government Agencies—54.8% of Net Assets

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—30.9%
Fannie Mae 15 Yr. Pool 3.000%, 06/01/32		1,912,545	$	1,891,109
3.000%, TBA (a)		10,800,000		10,667,320
Fannie Mae 30 Yr. Pool 3.000%, 07/01/45		19,268,680		18,473,121
3.500%, 12/01/47		21,622,323		21,290,888
3.500%, 01/01/48		15,693,448		15,455,053
3.500%, 02/01/48		20,608,744		20,294,065
3.500%, 04/01/48		8,348,971		8,221,053
3.500%, TBA (a)		12,685,000		12,482,966
4.000%, 04/01/47		1,882,739		1,902,422
4.000%, 06/01/47		12,339,911		12,471,802
4.000%, 07/01/47		12,761,732		12,897,199
4.000%, 01/01/48		5,021,168		5,075,894
4.000%, 09/01/48		1,252,674		1,265,545
4.000%, TBA (a)		5,970,000		6,028,148
4.500%, 02/01/46		4,952,671		5,136,446
4.500%, 05/01/48		21,142,376		21,821,075
4.500%, 08/01/48		11,835,295		12,214,069
Fannie Mae Pool 2.593%, 04/01/23		10,910,532		10,629,797
2.740%, 03/01/25		2,073,915		2,003,176
2.740%, 03/01/26		3,855,000		3,695,092
2.950%, 05/01/31		4,221,935		3,919,318
3.030%, 03/01/31		1,052,680		981,677
3.320%, 08/01/26		1,895,000		1,872,030
3.490%, 02/01/33		4,000,000		3,840,248
3.500%, 01/01/44		6,785,627		6,696,669
3.550%, 03/01/24		3,998,830		4,029,001
3.580%, 03/01/27		2,811,682		2,811,261
3.690%, 05/01/30		8,760,000		8,777,319
4.380%, 04/01/21		4,341,896		4,439,399
4.381%, 06/01/21		4,647,368		4,769,542
4.520%, 08/01/19		3,984,732		4,032,869
4.550%, 10/01/19		4,801,809		4,873,658
Fannie Mae REMICS (CMO) 3.500%, 01/25/47		18,149,668		18,060,835
3.500%, 06/25/47		7,543,933		7,484,339
Fannie Mae-ACES (CMO) 2.539%, 1M LIBOR + 0.470%, 09/25/24 (b)		9,002,504		9,019,388
2.568%, 12/25/26 (b)		9,410,000		8,718,077
Freddie Mac 15 Yr. Gold Pool 3.000%, 03/01/31		2,504,395		2,469,034
Freddie Mac 30 Yr. Gold Pool 3.000%, 06/01/46		8,873,935		8,504,211
3.000%, 08/01/46		4,416,223		4,232,224
3.000%, 09/01/46		3,504,875		3,358,846
3.000%, 10/01/46		10,722,735		10,275,976
3.000%, 11/01/46		14,113,418		13,521,012
3.000%, 01/01/47		15,802,315		15,130,156
3.000%, 02/01/47		2,017,409		1,932,199
3.000%, 01/01/48		8,416,188		8,057,529
3.500%, 04/01/45		6,633,777		6,571,340
3.500%, 11/01/45		1,307,472		1,290,102
3.500%, 06/01/46		4,925,633		4,855,760
3.500%, 08/01/46		4,204,962		4,152,787
Agency Sponsored Mortgage - Backed—(Continued)
Freddie Mac 30 Yr. Gold Pool 3.500%, 04/01/47		16,522,446		16,310,575
3.500%, 12/01/47		18,327,569		18,092,539
3.500%, 01/01/48		26,748,793		26,443,025
3.500%, 03/01/48		48,586,094		47,937,936
4.000%, 01/01/45		5,448,514		5,545,164
4.000%, 12/01/45		12,705,729		12,918,173
4.000%, 03/01/48		1,094,107		1,111,756
4.000%, 06/01/48		1,726,210		1,750,667
4.000%, TBA (a)		6,570,000		6,633,849
4.500%, 10/01/48		10,125,000		10,457,571
4.500%, TBA (a)		10,540,000		10,878,844
5.000%, 06/01/48		2,575,652		2,705,274
5.000%, 08/01/48		518,567		545,075
Freddie Mac Multifamily Structured Pass-Through Certificates (CMO) 2.474%, 1M LIBOR + 0.360%, 08/25/24 (b)		3,718,850		3,730,446
2.951%, 02/25/24		8,837,110		8,773,074
3.750%, 04/25/33		5,465,000		5,430,211
Ginnie Mae II 30 Yr. Pool 3.000%, 10/20/46		3,381,760		3,280,928
3.000%, 12/20/46		10,268,513		9,959,162
3.000%, 04/20/47		1,935,664		1,877,066
3.000%, 11/20/47		11,904,263		11,538,550
3.500%, 04/20/46		7,673,872		7,645,988
3.500%, 05/20/46		3,504,931		3,491,655
3.500%, 06/20/46		790,029		786,792
3.500%, 11/20/46		11,443,560		11,389,630
3.500%, 01/20/47		2,020,458		2,010,622
3.500%, 09/20/47		4,652,608		4,629,894
3.500%, TBA (a)		4,660,000		4,633,697
4.000%, 11/20/47		5,131,628		5,222,361
4.000%, TBA (a)		5,300,000		5,389,541
4.500%, 02/20/47		7,428,716		7,773,302
4.500%, 06/20/47		13,787,499		14,265,346
5.000%, 06/20/47		6,484,068		6,791,703
5.000%, 09/20/47		3,991,493		4,172,733
Government National Mortgage Association (CMO) 3.500%, 09/20/48		4,410,000		4,365,900
				671,082,095
U.S. Treasury—23.9%
U.S. Treasury Bonds 3.000%, 08/15/48 (c) (d)		43,610,000		41,945,665
3.125%, 05/15/48 (c)		87,945,000		86,732,321
U.S. Treasury Inflation Indexed Bond 1.000%, 02/15/48 (e)		5,497,983		5,426,682
U.S. Treasury Notes 2.625%, 07/31/20		12,880,000		12,838,241
2.750%, 07/31/23 (c)		204,900,000		203,107,125
2.875%, 09/30/23		67,160,000		66,934,384
2.875%, 08/15/28 (c)		102,245,000		100,695,349
				517,679,767
Total U.S. Treasury & Government Agencies (Cost $1,211,593,072)				1,188,761,862

BHFTI-360

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—31.1%

Security Description	Principal Amount*		Value
Aerospace/Defense—0.5%
L3 Technologies, Inc. 4.400%, 06/15/28		4,935,000	$	4,917,860
Northrop Grumman Corp. 3.250%, 01/15/28		3,335,000		3,136,008
United Technologies Corp. 3.350%, 08/16/21		2,205,000		2,201,828
				10,255,696
Agriculture—0.2%
BAT Capital Corp. 2.764%, 08/15/22 (144A) (c)		3,340,000		3,217,929
Reynolds American, Inc. 6.875%, 05/01/20 (c)		1,000,000		1,054,039
				4,271,968
Airlines—0.3%
America West Airlines Pass-Through Trust 7.100%, 04/02/21 (c)		529,849		556,341
8.057%, 07/02/20		438,547		467,557
American Airlines Pass-Through Trust 4.000%, 07/15/25		1,462,062		1,458,406
4.950%, 01/15/23		666,399		682,819
Continental Airlines Pass-Through Trust 6.545%, 02/02/19		904,688		915,386
U.S. Airways Pass-Through Trust 6.250%, 04/22/23		1,836,089		1,960,026
7.076%, 03/20/21		1,171,727		1,240,566
				7,281,101
Auto Manufacturers—0.7%
Ford Motor Credit Co. LLC 2.021%, 05/03/19		1,000,000		994,014
2.875%, 10/01/18		1,000,000		1,000,000
3.339%, 03/28/22		2,155,000		2,082,495
8.125%, 01/15/20		4,175,000		4,410,872
General Motors Co. 3.500%, 10/02/18		2,415,000		2,415,000
4.875%, 10/02/23 (c)		3,875,000		3,971,194
General Motors Financial Co., Inc. 3.200%, 07/13/20		1,000,000		997,040
				15,870,615
Banks—10.2%
Bank of America Corp. 2.369%, 3M LIBOR + 0.660%, 07/21/21 (b)		4,320,000		4,244,120
2.738%, 3M LIBOR + 0.370%, 01/23/22 (b) (c)		5,570,000		5,477,194
3.004%, 3M LIBOR + 0.790%, 12/20/23 (b)		6,478,000		6,284,991
3.093%, 3M LIBOR + 1.090%, 10/01/25 (b) (c)		3,345,000		3,185,620
3.419%, 3M LIBOR + 1.040%, 12/20/28 (b)		1,895,000		1,777,471
3.705%, 3M LIBOR + 1.512%, 04/24/28 (b)		4,685,000		4,507,123
4.125%, 01/22/24 (c)		3,090,000		3,138,446
4.271%, 3M LIBOR + 1.310%, 07/23/29 (b)		1,780,000		1,776,231
5.000%, 01/21/44		1,500,000		1,601,326
Banks—(Continued)
Bank of New York Mellon Corp. (The) 2.661%, 3M LIBOR + 0.634%, 05/16/23 (b)		2,865,000		2,773,889
Citibank N.A. 3.050%, 05/01/20		10,000,000		9,976,500
3.400%, 07/23/21		4,350,000		4,348,821
Citigroup, Inc. 2.050%, 12/07/18		5,000,000		4,995,450
2.450%, 01/10/20		5,000,000		4,957,030
2.500%, 07/29/19		2,250,000		2,245,092
3.668%, 3M LIBOR + 1.390%, 07/24/28 (b)		2,215,000		2,109,468
Cooperatieve Rabobank UA 3.125%, 04/26/21		4,400,000		4,370,146
Discover Bank 2.600%, 11/13/18		4,585,000		4,584,673
Goldman Sachs Bank USA 3.200%, 06/05/20		4,000,000		4,010,587
Goldman Sachs Group, Inc. (The) 3.272%, 3M LIBOR + 1.201%, 09/29/25 (b)		3,350,000		3,199,728
3.691%, 3M LIBOR + 1.510%, 06/05/28 (b) (c)		3,500,000		3,329,466
3.814%, 3M LIBOR + 1.158%, 04/23/29 (b) (c)		2,230,000		2,125,826
3.850%, 07/08/24 (c)		1,595,000		1,585,255
JPMorgan Chase & Co. 2.700%, 05/18/23		5,585,000		5,370,863
3.509%, 3M LIBOR + 0.945%, 01/23/29 (b)		4,300,000		4,070,716
3.900%, 07/15/25		6,000,000		5,995,237
6.300%, 04/23/19		3,415,000		3,482,657
JPMorgan Chase Bank N.A. 2.588%, 3M LIBOR + 0.250%, 02/13/20 (b)		8,990,000		8,994,861
2.604%, 3M LIBOR + 0.280%, 02/01/21 (b)		11,325,000		11,232,393
3.086%, 3M LIBOR + 0.350%, 04/26/21 (b)		4,700,000		4,687,160
Lloyds Bank plc 3.300%, 05/07/21		3,065,000		3,052,729
Lloyds Banking Group plc 2.907%, 3M LIBOR + 0.810%, 11/07/23 (b)		2,515,000		2,398,948
Morgan Stanley 3.119%, 3M LIBOR + 0.800%, 02/14/20 (b)		6,290,000		6,304,840
3.277%, 3M LIBOR + 0.930%, 07/22/22 (b)		5,000,000		5,042,979
3.875%, 01/27/26		3,500,000		3,438,660
5.625%, 09/23/19		11,050,000		11,348,738
7.300%, 05/13/19 (c)		1,000,000		1,026,640
PNC Bank N.A. 2.000%, 05/19/20		1,600,000		1,570,992
Santander UK Group Holdings plc 2.875%, 08/05/21		5,175,000		5,036,232
Santander UK plc 3.400%, 06/01/21		4,745,000		4,726,403
UBS AG 2.375%, 08/14/19		6,000,000		5,975,510
Wells Fargo & Co. 2.600%, 07/22/20		5,175,000		5,119,576
2.625%, 07/22/22		9,260,000		8,942,125
3.000%, 04/22/26		6,860,000		6,380,496
3.000%, 10/23/26		600,000		556,441
3.550%, 09/29/25 (c)		2,095,000		2,040,779

BHFTI-361

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
Wells Fargo Bank N.A. 2.400%, 01/15/20		18,000,000	$	17,857,506
3.325%, 3M LIBOR + 0.490%, 07/23/21 (b)		805,000		804,030
				222,061,964
Beverages—0.6%
Anheuser-Busch InBev Finance, Inc. 4.900%, 02/01/46		4,435,000		4,444,492
Bacardi, Ltd. 4.700%, 05/15/28 (144A)		1,105,000		1,096,374
5.300%, 05/15/48 (144A)		1,105,000		1,081,080
Constellation Brands, Inc. 2.000%, 11/07/19		5,500,000		5,449,551
				12,071,497
Biotechnology—0.7%
Amgen, Inc. 2.125%, 05/01/20		1,250,000		1,230,360
4.400%, 05/01/45		4,100,000		3,962,629
Baxalta, Inc. 2.875%, 06/23/20		298,000		295,519
4.000%, 06/23/25		744,000		735,810
Biogen, Inc. 5.200%, 09/15/45		1,100,000		1,165,570
Celgene Corp. 5.000%, 08/15/45		4,250,000		4,217,482
Gilead Sciences, Inc. 3.700%, 04/01/24		1,500,000		1,504,647
4.750%, 03/01/46		940,000		967,502
				14,079,519
Chemicals—0.4%
Dow Chemical Co. (The) 8.550%, 05/15/19		4,290,000		4,435,646
LyondellBasell Industries NV 5.000%, 04/15/19		3,250,000		3,266,304
				7,701,950
Commercial Services—0.1%
IHS Markit, Ltd. 4.750%, 08/01/28		1,500,000		1,503,600
5.000%, 11/01/22 (144A)		1,535,000		1,580,436
				3,084,036
Computers—0.3%
Apple, Inc. 4.650%, 02/23/46		998,000		1,076,390
Dell International LLC / EMC Corp. 3.480%, 06/01/19 (144A)		4,800,000		4,812,204
				5,888,594
Diversified Financial Services—0.8%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust 4.500%, 05/15/21		2,160,000		2,193,371
Air Lease Corp. 3.500%, 01/15/22		3,500,000		3,473,935
4.750%, 03/01/20		3,385,000		3,441,948
American Express Credit Corp. 1.875%, 05/03/19		2,000,000		1,990,643
GE Capital International Funding Co. 2.342%, 11/15/20		2,500,000		2,444,500
Protective Life Global Funding 2.700%, 11/25/20 (144A)		3,045,000		3,004,018
				16,548,415
Electric—3.0%
Appalachian Power Co. 3.300%, 06/01/27		760,000		726,242
4.450%, 06/01/45		1,440,000		1,444,244
Dominion Energy, Inc. 1.875%, 12/15/18 (144A)		5,000,000		4,991,698
Duke Energy Carolinas LLC 4.250%, 12/15/41		3,300,000		3,300,281
Duke Energy Florida LLC 2.100%, 12/15/19 (c)		2,106,250		2,093,531
Duke Energy Progress LLC 4.100%, 05/15/42		1,000,000		975,563
4.100%, 03/15/43		2,325,000		2,278,410
Duquesne Light Holdings, Inc. 6.400%, 09/15/20 (144A)		3,250,000		3,402,472
El Paso Electric Co. 3.300%, 12/15/22		825,000		792,860
Entergy Corp. 4.000%, 07/15/22		3,000,000		3,034,774
Entergy Texas, Inc. 7.125%, 02/01/19		2,889,000		2,927,764
FirstEnergy Transmission LLC 4.350%, 01/15/25 (144A)		3,430,000		3,468,960
Florida Power & Light Co. 3.950%, 03/01/48 (c)		2,500,000		2,444,037
International Transmission Co. 4.625%, 08/15/43		2,750,000		2,769,133
Kansas City Power & Light Co. 4.200%, 03/15/48		2,250,000		2,154,442
MidAmerican Energy Co. 4.800%, 09/15/43		905,000		978,201
NextEra Energy Capital Holdings, Inc. 2.821%, 3M LIBOR + 0.480%, 05/04/21 (b) (c)		6,600,000		6,618,320
PacifiCorp 3.350%, 07/01/25		2,000,000		1,960,417
Pennsylvania Electric Co. 3.250%, 03/15/28 (144A)		570,000		530,273
4.150%, 04/15/25 (144A)		2,800,000		2,791,881
Public Service Co. of New Mexico 3.850%, 08/01/25		3,135,000		3,105,932

BHFTI-362

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Electric—(Continued)
Southwestern Electric Power Co. 4.100%, 09/15/28 (c)		3,000,000	$	2,998,651
6.450%, 01/15/19		2,000,000		2,021,599
Wisconsin Public Service Corp. 1.650%, 12/04/18		6,000,000		5,992,003
Xcel Energy, Inc. 3.300%, 06/01/25		2,375,000		2,294,391
				66,096,079
Entertainment—0.2%
GLP Capital L.P. / GLP Financing II, Inc. 5.300%, 01/15/29 (c)		2,180,000		2,183,880
5.375%, 04/15/26		2,100,000		2,132,571
				4,316,451
Food—1.0%
Campbell Soup Co. 2.834%, 3M LIBOR + 0.490%, 03/16/20 (b)		3,250,000		3,246,136
General Mills, Inc. 4.200%, 04/17/28 (c)		3,000,000		2,958,840
Kraft Heinz Foods Co. 3.500%, 07/15/22		1,500,000		1,488,354
3.950%, 07/15/25		2,925,000		2,881,270
5.200%, 07/15/45		3,270,000		3,192,772
Mondelez International Holdings Netherlands B.V. 2.000%, 10/28/21 (144A)		3,580,000		3,419,672
2.949%, 3M LIBOR + 0.610%, 10/28/19 (144A) (b)		3,400,000		3,412,735
				20,599,779
Gas—0.2%
Southern Co. Gas Capital Corp. 3.250%, 06/15/26		4,000,000		3,737,968
Spire, Inc. 4.700%, 08/15/44 (c)		1,000,000		993,225
				4,731,193
Healthcare-Products—0.3%
Becton Dickinson & Co. 2.894%, 06/06/22 (c)		2,000,000		1,944,199
3.261%, 3M LIBOR + 0.875%, 12/29/20 (b)		3,000,000		3,004,446
Boston Scientific Corp. 6.000%, 01/15/20		2,500,000		2,587,189
				7,535,834
Healthcare-Services—1.5%
Aetna, Inc. 2.800%, 06/15/23		2,000,000		1,916,076
Anthem, Inc. 3.650%, 12/01/27		2,235,000		2,124,033
Cigna Corp. 3.050%, 10/15/27		3,350,000		3,025,873
Fresenius Medical Care U.S. Finance II, Inc. 5.625%, 07/31/19 (144A)		4,680,000		4,772,622
Healthcare-Services—(Continued)
Halfmoon Parent, Inc. 4.375%, 10/15/28 (144A) (c)		2,500,000		2,491,317
4.900%, 12/15/48 (144A)		2,500,000		2,496,846
Hartford HealthCare Corp. 5.746%, 04/01/44		1,000,000		1,135,362
Humana, Inc. 2.500%, 12/15/20		4,295,000		4,215,633
Kaiser Foundation Hospitals 3.150%, 05/01/27 (c)		1,500,000		1,437,769
New York and Presbyterian Hospital (The) 3.563%, 08/01/36		4,490,000		4,166,232
NYU Hospitals Center 4.428%, 07/01/42		1,756,000		1,750,911
Providence St. Joseph Health Obligated Group 2.746%, 10/01/26		1,015,000		928,838
UnitedHealth Group, Inc. 4.250%, 04/15/47		1,995,000		1,998,533
4.750%, 07/15/45		1,000,000		1,068,552
				33,528,597
Housewares—0.2%
Newell Brands, Inc. 2.600%, 03/29/19		4,185,000		4,178,952
Insurance—0.5%
Berkshire Hathaway Finance Corp. 4.400%, 05/15/42		3,700,000		3,765,879
Farmers Exchange Capital III 5.454%, 3M LIBOR + 3.454%, 10/15/54 (144A) (b)		3,530,000		3,481,154
Teachers Insurance & Annuity Association of America 4.375%, 3M LIBOR + 2.661%, 09/15/54 (144A) (b)		3,500,000		3,481,548
				10,728,581
Internet—0.2%
Amazon.com, Inc. 2.800%, 08/22/24		3,340,000		3,225,306
Media—0.4%
CBS Corp. 3.700%, 06/01/28 (144A)		2,703,000		2,534,938
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. 6.484%, 10/23/45		1,715,000		1,841,256
Comcast Corp. 4.400%, 08/15/35		1,500,000		1,470,182
Time Warner Cable LLC 5.875%, 11/15/40		3,200,000		3,226,117
				9,072,493
Miscellaneous Manufacturing—0.4%
General Electric Co. 2.200%, 01/09/20 (c)		5,000,000		4,946,931
Siemens Financieringsmaatschappij NV 2.000%, 09/15/23 (144A) (c)		3,420,000		3,184,536
				8,131,467

BHFTI-363

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Oil & Gas—0.2%
Anadarko Petroleum Corp. 4.500%, 07/15/44		620,000	$	567,017
Canadian Natural Resources, Ltd. 3.850%, 06/01/27		892,000		868,279
Devon Energy Corp. 5.000%, 06/15/45		202,000		201,780
Noble Energy, Inc. 5.050%, 11/15/44		1,050,000		1,015,655
Shell International Finance B.V. 4.375%, 05/11/45		650,000		673,962
				3,326,693
Packaging & Containers—0.4%
Amcor Finance USA, Inc. 3.625%, 04/28/26 (144A)		2,625,000		2,482,679
4.500%, 05/15/28 (144A) (c)		450,000		446,255
WestRock RKT Co. 4.450%, 03/01/19		4,925,000		4,955,961
				7,884,895
Pharmaceuticals—1.8%
AbbVie, Inc. 3.200%, 05/14/26		650,000		605,031
4.300%, 05/14/36		1,273,000		1,192,570
Allergan Finance LLC 3.250%, 10/01/22		1,435,000		1,408,651
Allergan Funding SCS 3.800%, 03/15/25		1,000,000		978,857
4.550%, 03/15/35		775,000		752,513
AstraZeneca plc 1.750%, 11/16/18		2,000,000		1,997,910
3.125%, 06/12/27		2,481,000		2,314,271
Bayer U.S. Finance LLC 1.850%, 11/15/18 (144A)		5,110,000		5,104,610
2.375%, 10/08/19 (144A)		4,925,000		4,892,442
4.375%, 12/15/28 (144A)		4,430,000		4,337,495
CVS Health Corp. 2.250%, 08/12/19		3,000,000		2,983,396
3.875%, 07/20/25		1,950,000		1,920,491
5.050%, 03/25/48		5,585,000		5,705,893
5.125%, 07/20/45		615,000		631,463
Shire Acquisitions Investments Ireland DAC 1.900%, 09/23/19		2,500,000		2,473,326
3.200%, 09/23/26		1,500,000		1,384,314
				38,683,233
Pipelines—1.3%
Enbridge Energy Partners L.P. 5.875%, 10/15/25		1,000,000		1,100,690
Energy Transfer L.P. / Regency Energy Finance Corp. 5.000%, 10/01/22 (c)		1,260,000		1,304,805
Energy Transfer Partners L.P. 5.150%, 03/15/45		5,065,000		4,774,638
6.500%, 02/01/42		700,000		767,783
Pipelines—(Continued)
Kinder Morgan, Inc. 3.050%, 12/01/19		921,000		919,552
Plains All American Pipeline L.P. / PAA Finance Corp. 3.850%, 10/15/23		1,000,000		984,556
4.650%, 10/15/25		2,340,000		2,363,601
Ruby Pipeline LLC 6.000%, 04/01/22 (144A)		4,469,697		4,591,967
TC PipeLines L.P. 4.650%, 06/15/21		3,840,000		3,906,140
Texas Eastern Transmission L.P. 2.800%, 10/15/22 (144A)		3,275,000		3,138,875
Williams Partners L.P. 3.600%, 03/15/22		3,490,000		3,468,937
3.900%, 01/15/25 (c)		1,000,000		977,978
				28,299,522
Real Estate Investment Trusts—2.4%
Alexandria Real Estate Equities, Inc. 2.750%, 01/15/20		475,000		470,683
4.600%, 04/01/22 (c)		5,292,000		5,430,846
American Campus Communities Operating Partnership L.P. 3.750%, 04/15/23		1,500,000		1,481,927
4.125%, 07/01/24		2,750,000		2,728,028
American Tower Corp. 3.000%, 06/15/23		2,240,000		2,156,031
3.400%, 02/15/19		2,479,000		2,483,311
Boston Properties L.P. 3.200%, 01/15/25 (c)		2,235,000		2,137,675
CC Holdings GS V LLC / Crown Castle GS III Corp. 3.849%, 04/15/23		3,200,000		3,178,063
HCP, Inc. 3.750%, 02/01/19		3,000,000		3,001,583
4.000%, 12/01/22 (c)		1,975,000		1,978,312
4.250%, 11/15/23		3,216,000		3,224,351
Healthcare Realty Trust, Inc. 3.750%, 04/15/23		1,850,000		1,809,113
Healthcare Trust of America Holdings L.P. 3.500%, 08/01/26 (c)		1,885,000		1,757,322
Life Storage L.P. 3.875%, 12/15/27 (c)		2,500,000		2,351,310
SL Green Operating Partnership L.P. 3.250%, 10/15/22		1,000,000		969,670
Ventas Realty L.P. 3.125%, 06/15/23		590,000		569,894
3.250%, 10/15/26		2,500,000		2,311,326
4.125%, 01/15/26		4,750,000		4,673,555
WEA Finance LLC / Westfield UK & Europe Finance plc 2.700%, 09/17/19 (144A)		5,925,000		5,910,149
Welltower, Inc. 3.750%, 03/15/23		1,000,000		992,727
5.250%, 01/15/22		2,835,000		2,955,868
				52,571,744

BHFTI-364

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Retail—0.6%
Alimentation Couche-Tard, Inc. 3.550%, 07/26/27 (144A)		2,750,000	$	2,585,270
Walgreens Boots Alliance, Inc. 2.700%, 11/18/19 (c)		2,811,000		2,802,595
3.450%, 06/01/26		1,280,000		1,216,193
4.800%, 11/18/44		2,300,000		2,229,767
Walmart, Inc. 3.550%, 06/26/25		4,855,000		4,877,002
				13,710,827
Semiconductors—0.3%
Analog Devices, Inc. 2.850%, 03/12/20		1,470,000		1,461,681
Broadcom Corp. / Broadcom Cayman Finance, Ltd. 2.375%, 01/15/20 (c)		5,500,000		5,435,472
				6,897,153
Telecommunications—1.3%
AT&T, Inc. 3.000%, 06/30/22		1,000,000		975,061
4.350%, 06/15/45		1,500,000		1,290,275
4.750%, 05/15/46		2,635,000		2,403,703
4.800%, 06/15/44		2,575,000		2,371,370
5.250%, 03/01/37		6,665,000		6,634,641
Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC 4.738%, 03/20/25 (144A)		4,475,000		4,472,986
5.152%, 03/20/28 (144A) (c)		1,000,000		1,004,900
Verizon Communications, Inc. 4.812%, 03/15/39		1,470,000		1,478,639
4.862%, 08/21/46		4,400,000		4,400,738
5.250%, 03/16/37		1,855,000		1,975,395
Vodafone Group plc 4.375%, 05/30/28		2,000,000		1,969,383
				28,977,091
Transportation—0.1%
Burlington Northern Santa Fe LLC 4.550%, 09/01/44 (c)		605,000		629,069
Union Pacific Corp. 3.950%, 09/10/28		2,000,000		2,004,138
				2,633,207
Total Corporate Bonds & Notes (Cost $684,391,089)				674,244,452
Asset-Backed Securities—9.7%
Asset-Backed - Home Equity—1.9%
Asset Backed Securities Corp. Home Equity Loan Trust 2.376%, 1M LIBOR + 0.160%, 05/25/36 (b)		2,304,063		2,282,824
Asset-Backed Funding Certificates Trust 2.356%, 1M LIBOR + 0.140%, 09/25/36 (b)		6,098,698		5,953,166
2.846%, 1M LIBOR + 0.630%, 03/25/35 (b)		3,287,160		3,286,248
Asset-Backed - Home Equity—(Continued)
JPMorgan Mortgage Acquisition Corp. 2.921%, 1M LIBOR + 0.705%, 06/25/35 (b)		6,886,576		6,891,221
MASTR Asset-Backed Securities Trust 2.816%, 1M LIBOR + 0.600%, 01/25/36 (b)		4,001,726		4,008,333
New Century Home Equity Loan Trust 2.996%, 1M LIBOR + 0.780%, 08/25/34 (b)		10,128,735		10,003,552
Option One Mortgage Loan Trust 2.876%, 1M LIBOR + 0.660%, 05/25/35 (b)		3,092,947		3,097,447
Option One Mortgage Loan Trust Asset-Backed Certificates 2.656%, 1M LIBOR + 0.440%, 11/25/35 (b)		6,816,893		6,814,288
				42,337,079
Asset-Backed - Other—2.1%
Ameriquest Mortgage Securities Trust 2.606%, 1M LIBOR + 0.390%, 03/25/36 (b)		2,720,000		2,700,937
AMMC CLO 19, Ltd. 3.839%, 3M LIBOR + 1.500%, 10/15/28 (144A) (b)		4,000,000		4,003,544
AtriumI 3.177%, 3M LIBOR + 0.830%, 04/22/27 (144A) (b)		5,200,000		5,180,183
Citigroup Mortgage Loan Trust, Inc. 2.891%, 1M LIBOR + 0.675%, 05/25/35 (b)		90,855		90,855
GSAMP Trust 2.896%, 1M LIBOR + 0.680%, 10/25/34 (b)		4,395,197		4,315,301
Magnetite, Ltd. 3.335%, 3M LIBOR + 1.000%, 07/25/26 (144A) (b)		5,000,000		4,998,525
Structured Asset Investment Loan Trust 3.016%, 1M LIBOR + 0.800%, 07/25/34 (b)		3,264,302		3,252,476
Structured Asset Securities Corp. Mortgage Loan Trust 2.936%, 1M LIBOR + 0.720%, 07/25/35 (b)		7,211,973		7,225,037
Towd Point Mortgage Trust 2.500%, 11/25/60 (144A) (b)		4,625,274		4,509,948
2.750%, 10/25/56 (144A) (b)		10,428,735		10,211,881
				46,488,687
Asset-Backed - Student Loan—5.7%
Education Loan Asset-Backed Trust I 3.016%, 1M LIBOR + 0.800%, 06/25/26 (144A) (b)		3,544,295		3,558,239
Navient Student Loan Trust 3.266%, 1M LIBOR + 1.050%, 07/26/66 (144A) (b)		5,600,000		5,726,081
3.716%, 1M LIBOR + 1.500%, 10/25/58 (b)		2,470,000		2,505,865
Nelnet Student Loan Trust 2.816%, 1M LIBOR + 0.600%, 02/27/51 (144A) (b)		3,870,303		3,883,031
SLC Student Loan Trust 2.494%, 3M LIBOR + 0.160%, 09/15/39 (b)		11,000,000		10,703,326
2.494%, 3M LIBOR + 0.160%, 03/15/55 (b)		8,310,000		8,050,687
SLM Student Loan Trust 2.395%, 3M LIBOR + 0.060%, 01/25/22 (b)		10,320,000		10,099,648
2.485%, 3M LIBOR + 0.150%, 10/25/29 (b)		7,790,420		7,780,146
2.665%, 3M LIBOR + 0.330%, 01/25/22 (b)		4,247,260		4,171,629
2.705%, 3M LIBOR + 0.370%, 01/25/40 (b)		4,555,346		4,347,753
2.715%, 3M LIBOR + 0.380%, 10/25/24 (b)		3,393,896		3,401,549
2.804%, 3M LIBOR + 0.470%, 12/15/27 (144A) (b)		3,393,560		3,405,679
2.885%, 3M LIBOR + 0.550%, 10/25/64 (144A) (b)		5,700,000		5,724,882
2.966%, 1M LIBOR + 0.750%, 05/26/26 (b)		7,730,198		7,730,194
2.966%, 1M LIBOR + 0.750%, 01/25/45 (144A) (b)		3,701,251		3,722,661

BHFTI-365

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed - Student Loan—(Continued)
SLM Student Loan Trust 3.085%, 3M LIBOR + 0.750%, 10/25/40 (b)		10,240,000	$	10,233,946
3.435%, 3M LIBOR + 1.100%, 07/25/23 (b)		7,988,183		8,028,132
3.835%, 3M LIBOR + 1.500%, 04/25/23 (b)		6,434,929		6,570,689
4.016%, 1M LIBOR + 1.800%, 09/25/43 (b)		5,800,000		5,819,990
Wachovia Student Loan Trust 2.505%, 3M LIBOR + 0.170%, 04/25/40 (144A) (b)		7,500,000		7,368,254
				122,832,381
Total Asset-Backed Securities (Cost $206,227,015)				211,658,147
Mortgage-Backed Securities—4.0%
Collateralized Mortgage Obligations—2.5%
BCAP LLC Trust 2.245%, 1M LIBOR + 0.180%, 05/26/36 (144A) (b)		2,719,964		2,733,252
CIM Trust 3.750%, 07/25/58 (144A) (b)		10,151,155		10,072,714
Citigroup Mortgage Loan Trust, Inc. 2.287%, 1M LIBOR + 0.210%, 05/20/47 (144A) (b)		1,042,234		1,039,723
Credit Suisse Mortgage Trust 2.496%, 1M LIBOR + 0.280%, 04/27/47 (144A) (b)		1,932,778		1,904,301
2.667%, 09/27/46 (144A) (b)		2,858,663		2,771,022
3.820%, 01/27/36 (144A) (b)		686,732		692,324
Morgan Stanley Resecuritization Trust 2.965%, 1M LIBOR + 0.450%, 08/26/47 (144A) (b)		4,347,743		4,296,782
3.906%, 08/26/47 (144A) (b)		5,416,062		5,317,103
3.969%, 01/26/51 (144A) (b)		1,609,759		1,603,457
Nomura Resecuritization Trust 1.659%, 1M LIBOR + 0.426%, 02/25/37 (144A) (b)		2,353,078		2,294,206
2.365%, 1M LIBOR + 0.300%, 08/26/37 (144A) (b)		2,204,176		2,157,819
3.811%, 03/26/37 (144A) (b)		2,789,153		2,818,166
Structured Adjustable Rate Mortgage Loan Trust 2.891%, 1M LIBOR + 0.675%, 01/25/35 (b)		1,856,126		1,847,301
WaMu Mortgage Pass-Through Certificates Trust 2.506%, 1M LIBOR + 0.290%, 10/25/45 (b)		5,605,354		5,660,437
4.120%, 06/25/34 (b)		10,045,824		10,266,341
				55,474,948
Commercial Mortgage-Backed Securities—1.5%
225 Liberty Street Trust 3.597%, 02/10/36 (144A)		2,085,000		2,059,676
BAMLL Commercial Mortgage Securities Trust 4.091%, 08/10/38 (144A) (b)		3,265,000		3,329,678
BB-UBS Trust 3.430%, 11/05/36 (144A)		2,160,000		2,119,093
CGRBS Commercial Mortgage Trust 3.369%, 03/13/35 (144A)		2,190,000		2,172,646
Commercial Mortgage Trust 3.545%, 02/10/36 (144A)		1,865,000		1,831,471
3.732%, 08/10/49 (144A) (b)		1,810,000		1,818,078
4.353%, 08/10/30 (144A)		1,845,000		1,911,873
Core Industrial Trust 3.040%, 02/10/34 (144A)		2,125,024		2,102,878
Commercial Mortgage-Backed Securities—(Continued)
GS Mortgage Securities Corp. Trust 2.933%, 06/05/31 (144A)		2,130,000		2,131,002
JPMorgan Chase Commercial Mortgage Securities Trust 3.093%, 07/05/32 (144A)		540,170		535,370
4.311%, 08/05/32 (144A)		1,214,554		1,234,141
Madison Avenue Trust 3.843%, 10/12/32 (144A)		1,155,000		1,163,609
Morgan Stanley Capital Trust 3.350%, 07/13/29 (144A)		1,600,000		1,599,288
3.727%, 10/12/50 (144A)		2,150,000		2,129,104
RBS Commercial Funding, Inc. Trust 3.961%, 01/13/32 (144A) (b)		2,475,000		2,499,421
SFAVE Commercial Mortgage Securities Trust 3.872%, 01/05/43 (144A) (b)		1,519,000		1,440,508
Wells Fargo Commercial Mortgage Trust 2.800%, 03/18/28 (144A) (b)		2,000,000		1,979,431
				32,057,267
Total Mortgage-Backed Securities (Cost $87,903,590)				87,532,215
Municipals—0.5%
New York City Transitional Finance Authority, Future Tax Secured Revenue 4.200%, 11/01/30		1,250,000		1,277,113
5.267%, 05/01/27		2,150,000		2,375,083
New York City Water & Sewer System Revenue, Build America Bond 6.011%, 06/15/42		1,300,000		1,664,546
New York City, General Obligation Unlimited, Build America Bond 5.968%, 03/01/36		1,750,000		2,094,522
University of California CA, Revenue 4.601%, 05/15/31		2,855,000		3,027,214
Total Municipals (Cost $10,847,136)				10,438,478
Short-Term Investments—6.6%
Discount Note—0.3%
Federal Home Loan Bank 2.120%, 11/16/18 (f)		6,206,000		6,188,952
Mutual Fund—3.5%
State Street Institutional Liquid Reserves Fund Trust Class, 2.154% (g)		75,371,391		75,378,928
U.S. Treasury—2.8%
U.S. Treasury Bills 1.475%, 10/04/18 (f)		2,498,000		2,497,577
1.782%, 10/11/18 (f)		11,787,000		11,780,300
2.070%, 01/03/19 (f)		11,466,000		11,401,032
2.099%, 01/03/19 (f)		16,606,000		16,511,909

BHFTI-366

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Short-Term Investments—(Continued)

Security Description	Principal Amount*		Value
U.S. Treasury—(Continued)
U.S. Treasury Bills 2.103%, 12/13/18 (d) (f)		1,666,000	$	1,658,830
2.178%, 01/31/19 (f)		7,006,000		6,953,202
2.186%, 01/31/19 (f)		10,087,000		10,010,984
				60,813,834
Total Short-Term Investments (Cost $142,392,599)				142,381,714
Securities Lending Reinvestments (h)—13.1%
Certificates of Deposit—5.8%
Banco Del Estado De Chile New York 2.419%, 3M LIBOR + 0.100%, 11/14/18 (b)		1,500,000		1,499,975
Banco Santander S.A. 2.340%, 11/07/18		8,000,000		8,000,656
Bank of Montreal (Chicago) 2.371%, 3M LIBOR + 0.030%, 11/06/18 (b)		2,000,000		1,999,996
Bank of Nova Scotia 2.618%, 3M LIBOR + 0.280%, 03/20/19 (b)		5,000,000		5,004,770
Barclays Bank plc 2.500%, 02/01/19		2,000,000		1,999,972
BNP Paribas S.A. New York 2.574%, 1M LIBOR + 0.470%, 12/04/18 (b)		5,000,000		5,002,935
Canadian Imperial Bank of Commerce 2.459%, 3M LIBOR + 0.120%, 01/14/19 (b)		10,000,000		10,002,970
Commonwealth Bank of Australia 2.487%, 3M LIBOR + 0.140%, 04/23/19 (b)		2,000,000		2,000,716
Cooperative Rabobank UA 2.479%, 3M LIBOR + 0.140%, 10/16/18 (b)		11,000,000		11,000,824
2.543%, 3M LIBOR + 0.200%, 04/05/19 (b)		4,000,000		4,003,064
Credit Agricole S.A. 2.463%, 1M LIBOR + 0.330%, 10/09/18 (b)		10,000,000		10,000,400
Industrial & Commercial Bank of China, Ltd. 2.500%, 11/15/18		7,000,000		6,999,832
Mitsubishi UFJ Trust and Banking Corp. Zero Coupon, 01/15/19		4,962,437		4,963,471
Standard Chartered plc 2.396%, 1M LIBOR + 0.180%, 02/25/19 (b)		5,000,000		4,999,415
Sumitomo Mitsui Banking Corp. 2.321%, 1M LIBOR + 0.190%, 04/11/19 (b)		10,000,000		9,999,530
Sumitomo Mitsui Banking Corp., New York 2.276%, 1M LIBOR + 0.200%, 04/03/19 (b)		2,001,364		1,999,742
Sumitomo Mitsui Trust Bank, Ltd. 2.290%, 1M LIBOR + 0.170%, 12/06/18 (b)		2,000,000		2,000,104
2.443%, 3M LIBOR + 0.110%, 10/11/18 (b)		8,000,000		8,000,056
2.502%, 1M LIBOR + 0.320%, 11/21/18 (b)		2,000,000		2,000,000
Sumitomo Mitsui Trust Bank, Ltd., London 2.528%, 1M LIBOR + 0.310%, 11/26/18 (b)		4,000,000		4,000,000
Svenska Handelsbanken AB 2.554%, 1M LIBOR + 0.450%, 04/03/19 (b)		5,000,000		5,007,375
Wells Fargo Bank N.A. 2.473%, 3M LIBOR + 0.140%, 07/11/19 (b)		7,500,000		7,500,855
Westpac Banking Corp. 2.630%, FEDEFF PRV + 0.450%, 02/15/19 (b)		7,500,000		7,503,983
				125,490,641
Commercial Paper—1.8%
Bank of China, Ltd. 2.510%, 11/02/18		5,961,932		5,986,800
2.550%, 10/19/18		4,969,188		4,993,580
ING Funding LLC 2.453%, 1M LIBOR + 0.320%, 02/08/19 (b)		3,000,000		3,001,533
LMA S.A. & LMA Americas 2.470%, 11/13/18		4,939,965		4,985,545
Sheffield Receivables Co. 2.490%, 11/26/18		11,843,130		11,953,908
2.510%, SOFR + 0.350%, 11/28/18 (b)		1,000,000		1,000,274
Sinopec Century Bright Capital Investment, Ltd. 2.400%, 11/01/18		1,988,000		1,995,668
Westpac Banking Corp. 2.492%, 1M LIBOR + 0.280%, 05/24/19 (b)		5,000,000		5,002,770
				38,920,078
Repurchase Agreements—5.3%
Citigroup Global Markets, Inc. Repurchase Agreement dated 07/25/18 at 2.570%, due on 11/02/18 with a maturity value of $5,035,694; collateralized by various Common Stock with an aggregate market value of $5,500,001.		5,000,000		5,000,000
Repurchase Agreement dated 10/16/17 at 2.750%, due on 01/02/19 with a maturity value of $5,169,201; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 10/25/18 - 01/31/19, and an aggregate market value of $5,100,001.		5,000,000		5,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $8,415,364; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/25/18 - 02/15/43, and an aggregate market value of $8,582,104.		8,413,822		8,413,822
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $7,701,437; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.625% - 2.875%, maturity dates ranging from 01/15/19 - 02/15/43, and an aggregate market value of $7,854,001.		7,700,000		7,700,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $5,000,933; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 1.750% - 2.875%, maturity dates ranging from 10/15/20 - 05/15/27, and an aggregate market value of $5,100,004.		5,000,000		5,000,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $6,801,269; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.375% - 3.125%, maturity dates ranging from 12/17/18 - 02/15/43, and an aggregate market value of $6,936,000.		6,800,000		6,800,000

BHFTI-367

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (h)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Deutsche Bank AG, London Repurchase Agreement dated 09/28/18 at 2.250%, due on 10/01/18 with a maturity value of $3,000,563; collateralized by Foreign Obligations with rates ranging from 1.750% - 2.375%, maturity dates ranging from 03/31/20 - 03/24/26, and an aggregate market value of $3,060,028.		3,000,000	$	3,000,000
Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $7,131,911; collateralized by various Common Stock with an aggregate market value of $7,793,258.		7,000,000		7,000,000
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $4,517,848; collateralized by various Common Stock with an aggregate market value of $5,000,607.		4,500,000		4,500,000
Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 10/26/16 at 2.720%, due on 12/31/18 with a maturity value of $5,830,782; collateralized by various Common Stock with an aggregate market value of $6,050,001.		5,500,000		5,500,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $7,698,306; collateralized by various Common Stock with an aggregate market value of $8,456,179.		7,600,000		7,600,000
Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $8,464,548; collateralized by various Common Stock with an aggregate market value of $9,235,038.		8,300,000		8,300,000
Societe Generale Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $12,159,390; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $13,327,781.		12,000,000		12,000,000
Repurchase Agreement dated 03/16/18 at 2.310%, due on 10/01/18 with a maturity value of $14,685,153; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $16,104,402.		14,500,000		14,500,000
Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $5,062,242; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $5,553,242.		5,000,000		5,000,000
Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $5,059,996; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $5,553,242.		5,000,000		5,000,000

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Societe Generale Repurchase Agreement dated 07/10/18 at 2.340%, due on 10/05/18 with a maturity value of $5,430,537; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $5,997,501.		5,400,000	$	5,400,000
				115,713,822
Time Deposit—0.2%
Skandinaviska Enskilda Banken 2.130%, 10/01/18		5,000,000		5,000,000
Total Securities Lending Reinvestments (Cost $285,092,257)				285,124,541
Total Investments—119.8% (Cost $2,628,446,758)				2,600,141,409
Other assets and liabilities (net)—(19.8)%				(429,450,698	)
Net Assets—100.0%			$	2,170,690,711

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date.
(b)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above.
(c)	All or a portion of the security was held on loan. As of September 30, 2018, the market value of securities loaned was $277,613,229 and the collateral received consisted of cash in the amount of $284,879,838. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(d)	All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2018, the market value of securities pledged was $3,236,241.
(e)	Principal amount of security is adjusted for inflation.
(f)	The rate shown represents current yield to maturity.
(g)	The rate shown represents the annualized seven-day yield as of September 30, 2018.
(h)	Represents investment of cash collateral received from securities on loan as of September 30, 2018.
(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, 2018, the market value of 144A securities was $230,271,365, which is 10.6% of net assets.

BHFTI-368

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts		Notional Amount			Value/ Unrealized Depreciation
U.S. Treasury Note 2 Year Futures		12/31/18		1,164		USD	245,294,814	$	(732,472	)
U.S. Treasury Note 5 Year Futures		12/31/18		1,283		USD	144,307,430		(1,012,153	)
U.S. Treasury Ultra Long Bond Futures		12/19/18		76		USD	11,725,375		(425,127	)
Net Unrealized Depreciation								$	(2,169,752	)

Glossary of Abbreviations

Currencies

(USD)— United States Dollar

Index Abbreviations

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

Other Abbreviations

(ACES)—	Alternative Credit Enhancement Securities
(CLO)—	Collateralized Loan Obligation
(CMO)—	Collateralized Mortgage Obligation

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1			Level 2			Level 3		Total
Total U.S. Treasury & Government Agencies*	$	—		$	1,188,761,862		$	—	$	1,188,761,862
Total Corporate Bonds & Notes*		—			674,244,452			—		674,244,452
Total Asset-Backed Securities*		—			211,658,147			—		211,658,147
Total Mortgage-Backed Securities*		—			87,532,215			—		87,532,215
Total Municipals		—			10,438,478			—		10,438,478
Total Short-Term Investments*		75,378,928			67,002,786			—		142,381,714
Total Securities Lending Reinvestments*		—			285,124,541			—		285,124,541
Total Investments	$	75,378,928		$	2,524,762,481		$	—	$	2,600,141,409
Collateral for Securities Loaned (Liability)	$	—		$	(284,879,838	)	$	—	$	(284,879,838	)
Futures Contracts
Futures Contracts (Unrealized Depreciation)	$	(2,169,752	)	$	—		$	—	$	(2,169,752	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-369

Brighthouse Funds Trust I

Victory Sycamore Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—99.5% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—1.9%
Textron, Inc.		284,125	$	20,306,414
Auto Components—1.3%
BorgWarner, Inc.		312,138		13,353,264
Banks—4.0%
Citizens Financial Group, Inc.		200,911		7,749,137
Prosperity Bancshares, Inc. (a)		149,300		10,353,955
SunTrust Banks, Inc. (a)		360,125		24,052,749
				42,155,841
Building Products—1.0%
Owens Corning		189,600		10,289,592
Capital Markets—1.2%
E*Trade Financial Corp. (b)		249,488		13,070,676
Chemicals—2.8%
Celanese Corp.		117,200		13,360,800
Eastman Chemical Co.		168,100		16,090,532
				29,451,332
Commercial Services & Supplies—1.2%
Republic Services, Inc.		180,741		13,132,641
Communications Equipment—2.6%
ARRIS International plc (b)		422,591		10,983,140
Motorola Solutions, Inc.		126,175		16,420,415
				27,403,555
Construction & Engineering—1.5%
Quanta Services, Inc. (a) (b)		468,650		15,643,537
Containers & Packaging—2.5%
AptarGroup, Inc. (a)		120,350		12,966,509
Packaging Corp. of America		124,206		13,624,156
				26,590,665
Electric Utilities—2.6%
Alliant Energy Corp. (a)		322,492		13,728,485
Xcel Energy, Inc.		295,920		13,970,383
				27,698,868
Electrical Equipment—1.1%
Hubbell, Inc. (a)		83,784		11,191,029
Electronic Equipment, Instruments & Components—2.9%
Coherent, Inc. (a) (b)		30,175		5,195,833
Flex, Ltd. (b)		1,032,471		13,546,020
Keysight Technologies, Inc. (b)		175,173		11,610,466
				30,352,319
Entertainment—1.8%
Cinemark Holdings, Inc. (a)		468,730		18,842,946

Security Description	Shares		Value
Equity Real Estate Investment Trusts—5.6%
Healthcare Trust of America, Inc. - Class A		503,775	$	13,435,679
Lamar Advertising Co. - Class A (a)		241,509		18,789,400
National Retail Properties, Inc. (a)		586,701		26,295,939
				58,521,018
Food & Staples Retailing—2.4%
Kroger Co. (The) (a)		411,575		11,980,948
Sysco Corp.		181,428		13,289,601
				25,270,549
Food Products—5.4%
Archer-Daniels-Midland Co.		534,532		26,870,924
Hormel Foods Corp. (a)		365,811		14,412,953
Ingredion, Inc.		149,351		15,675,881
				56,959,758
Health Care Equipment & Supplies—2.2%
Hologic, Inc. (b)		285,238		11,689,053
STERIS plc (a)		103,900		11,886,160
				23,575,213
Health Care Providers & Services—2.9%
AmerisourceBergen Corp.		35,550		3,278,421
HCA Healthcare, Inc.		48,053		6,685,133
Quest Diagnostics, Inc. (a)		195,388		21,084,319
				31,047,873
Hotels, Restaurants & Leisure—2.4%
Darden Restaurants, Inc.		117,218		13,033,469
Yum! Brands, Inc. (a)		129,050		11,731,936
				24,765,405
Insurance—14.0%
Aflac, Inc.		344,694		16,224,747
Alleghany Corp.		38,375		25,040,839
Allstate Corp. (The)		162,473		16,036,085
American Financial Group, Inc.		106,475		11,815,531
Arthur J. Gallagher & Co.		218,774		16,285,537
Fidelity National Financial, Inc.		380,410		14,969,133
Markel Corp. (b)		13,868		16,481,979
Travelers Cos., Inc. (The)		82,375		10,684,861
W.R. Berkley Corp. (a)		249,513		19,943,574
				147,482,286
IT Services—6.7%
Black Knight, Inc. (a) (b)		249,511		12,962,096
DXC Technology Co.		176,558		16,511,704
Fidelity National Information Services, Inc.		150,050		16,365,954
Leidos Holdings, Inc.		165,650		11,456,354
MAXIMUS, Inc. (a)		205,160		13,347,710
				70,643,818
Leisure Products—2.1%
Hasbro, Inc. (a)		212,422		22,329,801

BHFTI-370

Brighthouse Funds Trust I

Victory Sycamore Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Machinery—6.7%
AGCO Corp. (a)		243,212	$	14,784,858
Colfax Corp. (a) (b)		323,500		11,665,410
Ingersoll-Rand plc		140,693		14,392,894
PACCAR, Inc.		99,474		6,783,132
Parker-Hannifin Corp.		87,608		16,113,739
Xylem, Inc.		86,890		6,939,904
				70,679,937
Media—2.3%
CBS Corp. - Class B		237,800		13,661,610
Interpublic Group of Cos., Inc. (The) (a)		467,737		10,697,145
				24,358,755
Metals & Mining—1.9%
Reliance Steel & Aluminum Co.		229,788		19,598,619
Multi-Utilities—1.3%
DTE Energy Co. (a)		129,707		14,154,925
Oil, Gas & Consumable Fuels—5.6%
Cimarex Energy Co. (a)		174,853		16,250,838
Devon Energy Corp.		454,668		18,159,440
Parsley Energy, Inc. - Class A (a) (b)		473,506		13,850,050
PDC Energy, Inc. (a) (b)		212,323		10,395,334
				58,655,662
Pharmaceuticals—1.5%
Perrigo Co. plc (a)		224,471		15,892,547
Road & Rail—1.4%
Landstar System, Inc. (a)		116,475		14,209,950
Software—2.4%
Nuance Communications, Inc. (a) (b)		951,400		16,478,248
Synopsys, Inc. (b)		90,545		8,928,642
				25,406,890
Specialty Retail—1.7%
AutoNation, Inc. (a) (b)		334,099		13,881,813
Tiffany & Co.		28,471		3,671,905
				17,553,718
Technology Hardware, Storage & Peripherals—1.1%
Hewlett Packard Enterprise Co.		719,208		11,730,283
Textiles, Apparel & Luxury Goods—1.5%
Carter’s, Inc. (a)		160,225		15,798,185
Total Common Stocks (Cost $996,581,455)				1,048,117,871

Short-Term Investment—0.5%
Security Description	Principal Amount*		Value
Repurchase Agreement—0.5%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $5,150,091; collateralized by U.S. Treasury Note at 2.250%, maturing 10/31/24, with a market value of $5,255,333.		5,149,662	$	5,149,662
Total Short-Term Investments (Cost $5,149,662)				5,149,662
Securities Lending Reinvestments (c)—24.5%
Bank Note—0.5%
Bank of America N.A. 2.398%, 1M LIBOR + 0.250%, 11/13/18 (d)		5,000,000		5,000,000
Certificates of Deposit—10.7%
Banco Del Estado De Chile New York 2.419%, 3M LIBOR + 0.100%, 11/14/18 (d)		4,000,000		3,999,932
2.466%, 1M LIBOR + 0.250%, 03/20/19 (d)		5,000,000		4,999,740
Banco Santander S.A. 2.340%, 11/07/18		4,000,000		4,000,328
Bank of Montreal Zero Coupon, 10/31/18		4,989,344		4,990,312
Bank of Montreal (Chicago) 2.371%, 3M LIBOR + 0.030%, 11/06/18 (d)		3,000,000		2,999,994
Barclays Bank plc 2.500%, 02/01/19		4,000,000		3,999,944
Chiba Bank, Ltd., New York 2.190%, 10/05/18		2,000,000		1,999,962
Commonwealth Bank of Australia 2.358%, 1M LIBOR + 0.210%, 09/13/19 (d)		5,000,000		5,000,000
Cooperative Rabobank UA 2.479%, 3M LIBOR + 0.140%, 10/16/18 (d)		4,500,000		4,500,337
Credit Industriel et Commercial Zero Coupon, 01/25/19		3,948,913		3,968,120
Credit Industriel et Commercial (NY) 2.364%, 1M LIBOR + 0.250%, 02/05/19 (d)		1,000,000		1,000,473
Industrial & Commercial Bank of China, Ltd. 2.500%, 10/24/18		2,500,000		2,500,033
2.500%, 11/15/18		4,000,000		3,999,904
KBC Bank NV 2.400%, 12/27/18		5,000,000		5,000,000
Landesbank Baden-Wuettertemberg 2.180%, 10/02/18		4,000,000		4,000,008
Mitsubishi UFJ Trust and Banking Corp. Zero Coupon, 01/15/19		6,947,412		6,948,859
Mizuho Bank, Ltd., New York 2.468%, 1M LIBOR + 0.250%, 11/26/18 (d)		3,000,000		2,999,901
Natixis S.A. New York 2.431%, 3M LIBOR + 0.090%, 05/10/19 (d)		3,000,000		2,999,763
2.504%, 1M LIBOR + 0.370%, 02/14/19 (d)		3,000,000		3,002,007
Royal Bank of Canada New York 2.378%, 1M LIBOR + 0.210%, 09/17/19 (d)		5,000,000		4,999,725
Standard Chartered plc 2.396%, 1M LIBOR + 0.180%, 02/25/19 (d)		7,000,000		6,999,181

BHFTI-371

Brighthouse Funds Trust I

Victory Sycamore Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Sumitomo Mitsui Banking Corp., New York 2.276%, 1M LIBOR + 0.200%, 04/03/19 (d)		2,001,364	$	1,999,742
2.290%, 1M LIBOR + 0.180%, 03/05/19 (d)		8,000,000		7,999,064
Sumitomo Mitsui Trust Bank, Ltd. 2.502%, 1M LIBOR + 0.320%, 11/21/18 (d)		3,000,000		3,000,000
Sumitomo Mitsui Trust Bank, Ltd., London 2.528%, 1M LIBOR + 0.310%, 11/26/18 (d)		3,000,000		3,000,000
Toronto-Dominion Bank 2.378%, 1M LIBOR + 0.210%, 09/17/19 (d)		5,000,000		5,000,000
Wells Fargo Bank N.A. 2.473%, 3M LIBOR + 0.140%, 07/11/19 (d)		7,000,000		7,000,798
				112,908,127
Commercial Paper—3.3%
Bank of China, Ltd. 2.510%, 11/02/18		1,490,483		1,496,700
2.550%, 12/20/18		4,968,125		4,971,235
ING Funding LLC 2.448%, 3M LIBOR + 0.110%, 05/10/19 (d)		3,500,000		3,500,361
2.453%, 1M LIBOR + 0.320%, 02/08/19 (d)		5,000,000		5,002,555
LMA S.A. & LMA Americas 2.470%, 11/13/18		3,951,972		3,988,436
Sheffield Receivables Co. 2.490%, 11/26/18		4,441,174		4,482,715
2.510%, SOFR + 0.350%, 11/28/18 (d)		1,000,000		1,000,274
Sinopec Century Bright Capital Investment, Ltd. 2.400%, 11/01/18		2,485,000		2,494,585
Starbird Funding Corp. 2.280%, 11/08/18		3,977,200		3,989,784
Westpac Banking Corp. 2.492%, 1M LIBOR + 0.280%, 05/24/19 (d)		4,000,000		4,002,216
				34,928,861
Repurchase Agreements—8.6%
Citigroup Global Markets, Inc. Repurchase Agreement dated 05/03/18 at 2.440%, due on 10/05/18 with a maturity value of $10,105,056; collateralized by U.S. Treasury Obligations with rates ranging from 1.625% - 2.250%, maturity dates ranging from 11/30/19 - 11/15/27, and various Common Stock with an aggregate market value of $10,542,861.		10,000,000		10,000,000
Repurchase Agreement dated 07/25/18 at 2.570%, due on 11/02/18 with a maturity value of $3,021,417; collateralized by various Common Stock with an aggregate market value of $3,300,000.		3,000,000		3,000,000
Repurchase Agreement dated 01/25/17 at 2.720%, due on 12/31/18 with a maturity value of $1,263,920; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 2.220%, maturity dates ranging from 11/01/18 - 04/30/20, and an aggregate market value of $1,224,000.		1,200,000		1,200,000

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Citigroup Global Markets, Ltd. Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $3,200,597; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.375% - 3.125%, maturity dates ranging from 12/17/18 - 02/15/43, and an aggregate market value of $3,264,000.		3,200,000	$	3,200,000
Deutsche Bank AG, London Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $1,935,804; collateralized by various Common Stock with an aggregate market value of $2,115,313.		1,900,000		1,900,000
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $2,108,329; collateralized by various Common Stock with an aggregate market value of $2,333,616.		2,100,000		2,100,000
Macquarie Bank, Ltd., London Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $2,264,177; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 5.500%, maturity dates ranging from 08/31/19 - 05/15/48, and an aggregate market value of $2,307,277.		2,263,762		2,263,762
Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 10/26/16 at 2.720%, due on 12/31/18 with a maturity value of $2,650,356; collateralized by various Common Stock with an aggregate market value of $2,750,000.		2,500,000		2,500,000
Repurchase Agreement dated 08/01/17 at 2.720%, due on 12/31/18 with a maturity value of $8,312,498; collateralized by various Common Stock with an aggregate market value of $8,800,001.		8,000,000		8,000,000
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $20,009,606; collateralized by various Common Stock with an aggregate market value of $22,004,285.		20,000,000		20,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $3,671,370; collateralized by various Common Stock with an aggregate market value of $4,005,559.		3,600,000		3,600,000
Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $3,342,686; collateralized by various Common Stock with an aggregate market value of $3,671,762.		3,300,000		3,300,000
Repurchase Agreement dated 07/18/18 at 2.370%, due on 10/05/18 with a maturity value of $1,005,201; collateralized by various Common Stock with an aggregate market value of $1,112,744.		1,000,000		1,000,000

BHFTI-372

Brighthouse Funds Trust I

Victory Sycamore Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Societe Generale Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $4,661,100; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $5,108,983.		4,600,000	$	4,600,000
Repurchase Agreement dated 03/16/18 at 2.310%, due on 10/01/18 with a maturity value of $5,671,507; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $6,219,631.		5,600,000		5,600,000
Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $4,049,793; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $4,442,594.		4,000,000		4,000,000
Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $5,869,595; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $6,441,761.		5,800,000		5,800,000
Repurchase Agreement dated 05/10/18 at 2.340%, due on 10/05/18 with a maturity value of $5,048,100; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $5,553,242.		5,000,000		5,000,000
Repurchase Agreement dated 07/10/18 at 2.340%, due on 10/05/18 with a maturity value of $3,720,924; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $4,109,399.		3,700,000		3,700,000
				90,763,762

Security Description	Principal Amount*		Value
Time Deposits—1.4%
Canadian Imperial Bank of Commerce 2.130%, 10/01/18		2,000,000	$	2,000,000
Cooperative Rabobank UA New York 2.150%, 10/01/18		5,000,000		5,000,000
DZ Bank AG 2.150%, 10/01/18		3,000,000		3,000,000
Erste Group Bank AG 2.170%, 10/01/18		2,000,000		2,000,000
Nordea Bank New York 2.140%, 10/01/18		3,000,000		3,000,000
				15,000,000
Total Securities Lending Reinvestments (Cost $258,594,935)				258,600,750
Total Investments—124.5% (Cost $1,260,326,052)				1,311,868,283
Other assets and liabilities (net)—(24.5)%				(257,901,180	)
Net Assets—100.0%			$	1,053,967,103

*	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, 2018, the market value of securities loaned was $253,390,066 and the collateral received consisted of cash in the amount of $258,464,749. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(b)	Non-income producing security.
(c)	Represents investment of cash collateral received from securities on loan as of September 30, 2018.
(d)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. 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.
(LIBOR)—	London Interbank Offered Rate
(SOFR)—	Secured Overnight Financing Rate

BHFTI-373

Brighthouse Funds Trust I

Victory Sycamore Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2			Level 3		Total
Total Common Stocks*	$	1,048,117,871	$	—		$	—	$	1,048,117,871
Total Short-Term Investment*		—		5,149,662			—		5,149,662
Total Securities Lending Reinvestments*		—		258,600,750			—		258,600,750
Total Investments	$	1,048,117,871	$	263,750,412		$	—	$	1,311,868,283
Collateral for Securities Loaned (Liability)	$	—	$	(258,464,749	)	$	—	$	(258,464,749	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-374

Brighthouse Funds Trust I

Wells Capital Management Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—96.6% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—2.5%
Arconic, Inc.		122,927	$	2,705,623
Harris Corp.		60,776		10,283,907
				12,989,530
Auto Components—0.9%
Aptiv plc		56,654		4,753,271
Banks—5.0%
Fifth Third Bancorp		220,381		6,153,038
PacWest Bancorp (a)		174,603		8,319,833
Regions Financial Corp.		381,975		7,009,241
Zions Bancorp (a)		96,375		4,833,206
				26,315,318
Beverages—2.3%
Molson Coors Brewing Co. - Class B		193,753		11,915,810
Building Products—1.6%
Owens Corning		151,531		8,223,587
Capital Markets—1.6%
Northern Trust Corp.		84,710		8,651,432
Chemicals—2.5%
International Flavors & Fragrances, Inc. (a)		21,487		2,989,271
PPG Industries, Inc.		95,960		10,472,115
				13,461,386
Commercial Services & Supplies—3.5%
Republic Services, Inc.		167,332		12,158,343
Stericycle, Inc. (b)		109,770		6,441,304
				18,599,647
Construction & Engineering—3.0%
Jacobs Engineering Group, Inc.		207,037		15,838,331
Construction Materials—0.4%
Eagle Materials, Inc.		23,020		1,962,225
Containers & Packaging—5.5%
International Paper Co.		166,701		8,193,354
Packaging Corp. of America		64,490		7,073,908
Sealed Air Corp. (a)		339,631		13,636,185
				28,903,447
Electric Utilities—2.9%
American Electric Power Co., Inc.		174,033		12,335,459
PG&E Corp. (b)		68,785		3,164,798
				15,500,257
Electrical Equipment—1.0%
Acuity Brands, Inc.		34,731		5,459,713
Energy Equipment & Services—2.4%
National Oilwell Varco, Inc. (a)		129,435		5,576,060
Patterson-UTI Energy, Inc. (a)		401,727		6,873,549
				12,449,609
Equity Real Estate Investment Trusts—4.3%
American Campus Communities, Inc.		195,908		8,063,573
Invitation Homes, Inc.		340,034		7,790,179
Mid-America Apartment Communities, Inc.		66,906		6,702,643
				22,556,395
Health Care Equipment & Supplies—5.1%
Hologic, Inc. (b)		84,726		3,472,072
STERIS plc (a)		58,976		6,746,854
Varian Medical Systems, Inc. (a) (b)		70,539		7,895,430
Zimmer Biomet Holdings, Inc.		69,356		9,118,233
				27,232,589
Health Care Providers & Services—3.4%
AmerisourceBergen Corp.		46,218		4,262,224
Humana, Inc.		26,755		9,057,102
Universal Health Services, Inc. - Class B		38,064		4,866,102
				18,185,428
Hotels, Restaurants & Leisure—1.2%
Wendy’s Co. (The) (a)		370,480		6,350,027
Household Durables—1.6%
Mohawk Industries, Inc. (b)		48,898		8,574,264
Household Products—1.6%
Church & Dwight Co., Inc. (a)		46,407		2,755,184
Spectrum Brands Holdings, Inc.		77,717		5,807,014
				8,562,198
Industrial Conglomerates—1.2%
Carlisle Cos., Inc. (a)		52,156		6,352,601
Insurance—11.5%
Allstate Corp. (The)		81,852		8,078,792
Arch Capital Group, Ltd. (b)		331,316		9,876,530
Brown & Brown, Inc.		487,340		14,410,644
Fidelity National Financial, Inc.		207,140		8,150,959
Loews Corp.		254,616		12,789,362
Willis Towers Watson plc (a)		54,754		7,717,029
				61,023,316
IT Services—6.4%
Amdocs, Ltd.		143,035		9,437,449
Euronet Worldwide, Inc. (a) (b)		77,089		7,725,859
Fidelity National Information Services, Inc.		117,011		12,762,390
Leidos Holdings, Inc.		57,248		3,959,272
				33,884,970

BHFTI-375

Brighthouse Funds Trust I

Wells Capital Management Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares/ Principal Amount*		Value
Life Sciences Tools & Services—1.6%
Charles River Laboratories International, Inc. (a) (b)		61,823	$	8,317,666
Machinery—3.3%
Cummins, Inc.		40,730		5,949,431
Deere & Co.		36,157		5,435,482
Stanley Black & Decker, Inc.		40,372		5,912,076
				17,296,989
Multi-Utilities—2.7%
Ameren Corp. (a)		222,614		14,073,657
Multiline Retail—1.7%
Kohl’s Corp. (a)		118,532		8,836,561
Oil, Gas & Consumable Fuels—5.8%
Anadarko Petroleum Corp.		147,481		9,941,694
Cimarex Energy Co.		103,612		9,629,700
Hess Corp.		117,395		8,403,134
WPX Energy, Inc. (b)		123,752		2,489,890
				30,464,418
Real Estate Management & Development—1.6%
CBRE Group, Inc. - Class A (b)		197,162		8,694,844
Road & Rail—3.4%
Kansas City Southern (a)		121,201		13,729,649
Ryder System, Inc.		59,348		4,336,559
				18,066,208
Semiconductors & Semiconductor Equipment—0.6%
Analog Devices, Inc. (a)		31,475		2,910,178
MKS Instruments, Inc.		3,358		269,144
				3,179,322
Software—0.7%
Check Point Software Technologies, Ltd. (b)		31,264		3,678,835
Technology Hardware, Storage & Peripherals—1.5%
NCR Corp. (a) (b)		276,364		7,851,501
Water Utilities—2.3%
American Water Works Co., Inc. (a)		135,907		11,955,739
Total Common Stocks (Cost $478,302,992)				510,161,091
Short-Term Investment—3.3%
Repurchase Agreement—3.3%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/18 at 1.000%, due on 10/01/18 with a maturity value of $17,558,775; collateralized by U.S. Treasury Note at 2.375%, maturing 08/15/24, with a market value of $17,909,177.		17,557,312		17,557,312
Total Short-Term Investments (Cost $17,557,312)				17,557,312
Securities Lending Reinvestments (c)—16.6%
Security Description	Principal Amount*		Value
Certificates of Deposit—8.0%
Banco Del Estado De Chile New York 2.419%, 3M LIBOR + 0.100%, 11/14/18 (d)		2,500,000	$	2,499,957
Banco Santander S.A. 2.340%, 11/07/18		1,500,000		1,500,123
Bank of Montreal (Chicago) 2.371%, 3M LIBOR + 0.030%, 11/06/18 (d)		1,000,000		999,998
Barclays Bank plc 2.500%, 02/01/19		1,000,000		999,986
Canadian Imperial Bank of Commerce 2.459%, 3M LIBOR + 0.120%, 01/14/19 (d)		1,500,000		1,500,445
Commonwealth Bank of Australia 2.487%, 3M LIBOR + 0.140%, 04/23/19 (d)		1,000,000		1,000,358
Cooperative Rabobank UA 2.479%, 3M LIBOR + 0.140%, 10/16/18 (d)		1,250,000		1,250,094
2.543%, 3M LIBOR + 0.200%, 04/05/19 (d)		2,000,000		2,001,532
Credit Industriel et Commercial Zero Coupon, 01/25/19		1,974,456		1,984,060
Credit Industriel et Commercial (NY) 2.364%, 1M LIBOR + 0.250%, 02/05/19 (d)		1,000,000		1,000,473
Industrial & Commercial Bank of China, Ltd. 2.500%, 10/24/18		1,000,000		1,000,013
2.500%, 11/15/18		1,000,000		999,976
Landesbank Baden-Wuettertemberg 2.180%, 10/02/18		4,000,000		4,000,008
Natixis S.A. New York 2.504%, 1M LIBOR + 0.370%, 02/14/19 (d)		3,000,000		3,002,007
2.533%, 3M LIBOR + 0.190%, 02/01/19 (d)		500,000		500,041
Royal Bank of Canada New York 2.378%, 1M LIBOR + 0.210%, 09/17/19 (d)		1,500,000		1,499,917
2.381%, 1M LIBOR + 0.250%, 01/11/19 (d)		2,000,000		2,000,660
Standard Chartered plc 2.396%, 1M LIBOR + 0.180%, 02/25/19 (d)		2,000,000		1,999,766
Sumitomo Mitsui Banking Corp. 2.321%, 1M LIBOR + 0.190%, 04/11/19 (d)		2,000,000		1,999,906
Sumitomo Mitsui Banking Corp., New York 2.290%, 1M LIBOR + 0.180%, 03/05/19 (d)		1,000,000		999,883
Sumitomo Mitsui Trust Bank, Ltd (NY) 2.423%, 3M LIBOR + 0.090%, 10/18/18 (d)		2,000,251		1,999,986
Sumitomo Mitsui Trust Bank, Ltd. 2.290%, 1M LIBOR + 0.170%, 12/06/18 (d)		1,000,000		1,000,052
2.443%, 3M LIBOR + 0.110%, 10/11/18 (d)		2,000,000		2,000,014
Svenska Handelsbanken AB 2.439%, 3M LIBOR + 0.100%, 04/30/19 (d)		1,000,000		1,000,119
Toronto-Dominion Bank 2.378%, 1M LIBOR + 0.210%, 09/17/19 (d)		2,000,000		2,000,000
Westpac Banking Corp. 2.630%, FEDEFF PRV + 0.450%, 02/15/19 (d)		1,500,000		1,500,797
				42,240,171
Commercial Paper—2.5%
Bank of China, Ltd. 2.510%, 11/02/18		1,987,311		1,995,600
2.550%, 10/19/18		1,490,756		1,498,074

BHFTI-376

Brighthouse Funds Trust I

Wells Capital Management Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Commercial Paper—(Continued)
ING Funding LLC 2.448%, 3M LIBOR + 0.110%, 05/10/19 (d)		1,000,000	$	1,000,103
2.453%, 1M LIBOR + 0.320%, 02/08/19 (d)		3,000,000		3,001,533
Sheffield Receivables Co. 2.490%, 11/26/18		2,467,319		2,490,398
Sinopec Century Bright Capital Investment, Ltd. 2.400%, 11/01/18		994,000		997,834
UBS AG 2.534%, 1M LIBOR + 0.430%, 02/01/19 (d)		2,000,000		2,001,846
				12,985,388
Repurchase Agreements—5.2%
Citigroup Global Markets, Inc. Repurchase Agreement dated 05/03/18 at 2.440%, due on 10/05/18 with a maturity value of $3,031,517; collateralized by U.S. Treasury Obligations with rates ranging from 1.625% - 2.250%, maturity dates ranging from 11/30/19 - 11/15/27, and various Common Stock with an aggregate market value of $3,162,858.		3,000,000		3,000,000
Repurchase Agreement dated 07/25/18 at 2.570%, due on 11/02/18 with a maturity value of $1,007,139; collateralized by various Common Stock with an aggregate market value of $1,100,000.		1,000,000		1,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $200,037; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.625% - 2.875%, maturity dates ranging from 01/15/19 - 02/15/43, and an aggregate market value of $204,000.		200,000		200,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $100,019; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 1.750% - 2.875%, maturity dates ranging from 10/15/20 - 05/15/27, and an aggregate market value of $102,000.		100,000		100,000
Repurchase Agreement dated 09/28/18 at 2.240%, due on 10/01/18 with a maturity value of $200,037; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.375% - 3.125%, maturity dates ranging from 12/17/18 - 02/15/43, and an aggregate market value of $204,000.		200,000		200,000
Deutsche Bank AG, London Repurchase Agreement dated 01/09/18 at 2.560%, due on 10/01/18 with a maturity value of $101,884; collateralized by various Common Stock with an aggregate market value of $111,332.		100,000		100,000
ING Bank NV, London Repurchase Agreement dated 08/03/18 at 2.420%, due on 10/01/18 with a maturity value of $100,397; collateralized by various Common Stock with an aggregate market value of $111,125.		100,000		100,000
Macquarie Bank, Ltd., London Repurchase Agreement dated 09/28/18 at 2.200%, due on 10/01/18 with a maturity value of $1,758,526; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 5.500%, maturity dates ranging from 08/31/19 - 05/15/48, and an aggregate market value of $1,792,000.		1,758,203		1,758,203

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 10/26/16 at 2.720%, due on 12/31/18 with a maturity value of $1,272,171; collateralized by various Common Stock with an aggregate market value of $1,320,000.		1,200,000	$	1,200,000
Repurchase Agreement dated 08/01/17 at 2.720%, due on 12/31/18 with a maturity value of $2,597,656; collateralized by various Common Stock with an aggregate market value of $2,750,000.		2,500,000		2,500,000
Morgan Stanley & Co. LLC Repurchase Agreement dated 09/25/18 at 2.470%, due on 10/02/18 with a maturity value of $4,001,921; collateralized by various Common Stock with an aggregate market value of $4,400,857.		4,000,000		4,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 11/30/17 at 2.340%, due on 10/01/18 with a maturity value of $203,965; collateralized by various Common Stock with an aggregate market value of $222,531.		200,000		200,000
Repurchase Agreement dated 03/16/18 at 2.340%, due on 10/01/18 with a maturity value of $202,587; collateralized by various Common Stock with an aggregate market value of $222,531.		200,000		200,000
Repurchase Agreement dated 07/18/18 at 2.370%, due on 10/05/18 with a maturity value of $1,005,201; collateralized by various Common Stock with an aggregate market value of $1,112,744.		1,000,000		1,000,000
Repurchase Agreement dated 07/19/18 at 2.370%, due on 10/05/18 with a maturity value of $3,015,405; collateralized by various Common Stock with an aggregate market value of $3,338,232.		3,000,000		3,000,000
Societe Generale Repurchase Agreement dated 03/08/18 at 2.310%, due on 10/01/18 with a maturity value of $303,985; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $333,195.		300,000		300,000
Repurchase Agreement dated 03/16/18 at 2.310%, due on 10/01/18 with a maturity value of $303,831; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $333,195.		300,000		300,000
Repurchase Agreement dated 03/21/18 at 2.310%, due on 10/01/18 with a maturity value of $404,979; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $444,259.		400,000		400,000
Repurchase Agreement dated 03/28/18 at 2.310%, due on 10/01/18 with a maturity value of $404,800; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $444,259.		400,000		400,000

BHFTI-377

Brighthouse Funds Trust I

Wells Capital Management Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Societe Generale Repurchase Agreement dated 04/18/18 at 2.340%, due on 10/05/18 with a maturity value of $2,527,625; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,776,621.		2,500,000	$	2,500,000
Repurchase Agreement dated 05/10/18 at 2.340%, due on 10/05/18 with a maturity value of $3,028,860; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $3,331,945.		3,000,000		3,000,000
Repurchase Agreement dated 07/10/18 at 2.340%, due on 10/05/18 with a maturity value of $1,910,745; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.250%, maturity dates ranging from 02/07/19 - 02/15/47, and various Common Stock with an aggregate market value of $2,110,232.		1,900,000		1,900,000
				27,358,203
Time Deposits—0.9%
Canadian Imperial Bank of Commerce 2.130%, 10/01/18		1,000,000		1,000,000
Cooperative Rabobank UA New York 2.150%, 10/01/18		1,000,000		1,000,000
DZ Bank AG 2.150%, 10/01/18		1,000,000		1,000,000
Nordea Bank New York 2.140%, 10/01/18		1,000,000		1,000,000

Security Description	Principal Amount*		Value
Time Deposits—(Continued)
Svenska Handelsbanken AB 2.140%, 10/01/18		1,000,000	$	1,000,000
				5,000,000
Total Securities Lending Reinvestments (Cost $87,573,933)				87,583,762
Total Investments—116.5% (Cost $583,434,237)				615,302,165
Other assets and liabilities (net)—(16.5)%				(87,126,448	)
Net Assets—100.0%			$	528,175,717

*	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, 2018, the market value of securities loaned was $84,548,219 and the collateral received consisted of cash in the amount of $87,522,296. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(b)	Non-income producing security.
(c)	Represents investment of cash collateral received from securities on loan as of September 30, 2018.
(d)	Variable or floating rate security. The stated rate represents the rate at September 30, 2018. 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.
(FEDEFF PRV)—	Effective Federal Funds Rate
(LIBOR)—	London Interbank Offered Rate

BHFTI-378

Brighthouse Funds Trust I

Wells Capital Management Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2018 (Unaudited)

Fair Value Hierarchy

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

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

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

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

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2018:

Description	Level 1		Level 2			Level 3		Total
Total Common Stocks*	$	510,161,091	$	—		$	—	$	510,161,091
Total Short-Term Investment*				17,557,312			—		17,557,312
Total Securities Lending Reinvestments*		—		87,583,762			—		87,583,762
Total Investments	$	510,161,091	$	105,141,074		$	—	$	615,302,165
Collateral for Securities Loaned (Liability)	$	—	$	(87,522,296	)	$	—	$	(87,522,296	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-379

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 on the basis of evaluated or composite bid quotations obtained from independent pricing services and/or brokers and dealers selected by Brighthouse Investment Advisers, LLC (the “Adviser”) (each as “pricing services”), pursuant to authorization of and subject to general oversight by the Board of Trustees (the “Board” or “Trustees”) of the Brighthouse Funds Trust I (the “Trust”). Such pricing services may use matrix pricing, which considers observable inputs including, among other things, issuer details, maturity dates, interest rates, yield curves, rates of prepayment, credit risks/spreads, default rates, reported trades, broker dealer quotes and quoted prices for similar assets. Short-term obligations with a remaining maturity of sixty days or less may be valued at amortized cost in the absence of market quotes, so long as the amortized cost value of such short-term debt instrument is approximately the same as the fair value of the instrument as determined without the use of amortized cost valuation. Floating rate loans are generally valued on the basis of 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 on the basis of evaluated or composite bid quotations obtained from pricing services selected by the Adviser pursuant to authorization of and subject to general oversight by the Board. These securities are usually issued as separate trachnes, or classes, of securities within each deal. The pricing models for these securities usually consider tranchelevel 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 Advisor 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 the 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 pricing service to value securities principally traded in these foreign markets in order 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 the 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 net asset value per share on the valuation date and are categorized as Level 1 within the fair value hierarchy.

Foreign currency forward contracts are valued through an independent pricing service by interpolating between forward and spot currency rates in the London foreign exchange markets as of a designated hour on a valuation day. These contracts are generally categorized as Level 2 within the fair value hierarchy.

Options, whether on securities, indices, futures contracts, or otherwise, traded on exchanges are valued at the last sale price available as of the close of business on a valuation day or, if there is no such price available, at the last reported bid price. These types of options are categorized as Level 1 within the fair value hierarchy. Futures contracts that are traded on commodity exchanges are valued at their settlement prices established by the exchanges on which they are traded as of the close of such exchanges and are categorized as Level 1 within the fair value hierarchy.

Options, including options on swaps (“swaptions”), currencies, and futures contracts that are traded OTC are generally valued on the basis of interdealer bid and asked prices or prices provided by pricing service providers who use a series of techniques, including simulation pricing models, to determine the value of the contracts. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, spreads, interest rates, yield curves, credit curves, measures of volatility and exchange rates. These contracts are generally categorized as Level 2 within the fair value hierarchy.

Swap contracts (other than centrally cleared swaps) are marked-to-market daily based on quotations and prices supplied by market makers, broker-dealers and other pricing services. Such quotations and prices are derived utilizing observable data, including the underlying reference securities or indices, credit spread quotations and expected default recovery rates determined by the pricing service. These contracts are generally categorized as Level 2 within the fair value hierarchy.

Centrally cleared swaps listed or traded on a multilateral or trade facility platform, such as a registered exchange, are valued at the daily settlement price determined by the respective exchange or a pricing service when the exchange price is not available. For

BHFTI-380

Brighthouse Funds Trust I

Notes to the Schedule of Investments

Investment Valuation and Fair Value Measurements—(Continued)

centrally cleared credit default swaps, the clearing facility requires its members to provide actionable price levels across complete term structures. These levels along with external third party prices are used to produce daily settlement prices. These securities are categorized as Level 2 within the fair value hierarchy. Centrally cleared interest rate swaps are valued using a pricing model that references the underlying rates, including the overnight index swap rate and London Interbank Offered Rate (“LIBOR”) forward rate to produce the daily settlement price. These securities are categorized as Level 2 within the fair value hierarchy.

If no current market value quotation or other observable inputs are readily available or market value quotations are deemed to be unreliable for an investment, the fair value of the investment will be determined in accordance with procedures approved by, and under the general supervision of, the Board. In such a circumstance, the Board will be assisted in its responsibility to determine the fair value of an investment by the Valuation Committee (“Committee”) of the Adviser. The Committee provides general pricing oversight and fair value pricing determinations related to portfolio securities and meets on a regular basis to review reports relating to the valuation of the securities in each Portfolio. The Board has delegated to State Street Bank and Trust Company, the Trust’s custodian (“custodian”), the responsibility for calculating the net asset values (“NAVs”) of the Trust’s Portfolios. The Committee is responsible for overseeing the calculation of the NAVs of the Portfolios by the custodian. The Committee also periodically reviews pricing services, including the pricing services providing fair value pricing for the Portfolio’s foreign securities, and is responsible for overseeing the correction of pricing errors and addressing other pricing issues that arise in the ordinary course of business, such as making real-time fair value determinations, as necessary.

No single standard for determining the fair value of an investment can be set forth because fair value depends upon the facts and circumstances with respect to each investment. Information relating to any relevant factors may be obtained by the Committee from any appropriate source, including the subadviser of a Portfolio, the custodian, a pricing service, market maker and/or broker for such security or the issuer. Appropriate methodologies for determining fair value under particular circumstances may include: matrix pricing, a discounted cash flow analysis, comparisons of securities with comparable characteristics, value based on multiples of earnings, discount from market price of similar marketable securities or a combination of these and other method.

For information regarding a Portfolio’s other significant accounting policies, please refer to the Portfolio’s most recent Semiannual or Annual Report.

BHFTI-381

Item 2. Controls and Procedures.

(a)        The Principal Executive Officer and Principal Financial Officer of the registrant have concluded, based on their evaluation of the effectiveness of the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)) as of a date within 90 days of the filing date of this report on Form N-Q, that the design and operation of such procedures provide reasonable assurance that information required to be disclosed by the registrant in this report on Form N-Q is recorded, processed, summarized, and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.

(b)        There has been no change in the registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

See attached Exhibits 3(a) and 3(b) as required by Rule 30a-2(a) under the Act.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

BRIGHTHOUSE FUNDS TRUST I

By:	/s/ Kristi Slavin
	Kristi Slavin
	President and Chief Executive Officer

Date:  November 21, 2018

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/ Kristi Slavin
	Kristi Slavin
	President and Chief Executive Officer

Date:  November 21, 2018

By:	/s/ Alan R. Otis
	Alan R. Otis
	Chief Financial Officer and Treasurer

Date:  November 21, 2018