NPORT-P false 0001126087 XXXXXXXX S000032436 C000100078 Brighthouse Funds Trust I 811-10183 0001126087 549300LQX1AREJYGF247 Brighthouse Investment Advisers, LLC 11225 North Community House Road Charlotte 28277 980-949-5089 BlackRock Global Tactical Strategies Portfolio S000032436 QCHRP8ZW0C1C4IYWVN22 2025-12-31 2025-03-31 N 3165297709.05 251345128.56 2913952580.49 0.00000000 186957004.12000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 32307556.94000000 USD UST Securities Portfolio VaR Securities Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 000000000 422000000.00000000 OU Notional Amount USD -1133552.74000000 -0.03890086433 N/A DIR US N 2 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 N/A N/A Y 2035-03-09 197686.95000000 USD 0.00000000 USD 422000000.00000000 USD -1331239.69000000 N N N Fixed Income Clearing Corp 549300H47WTHXPU08X20 000000000 75518492.89000000 PA USD 75518492.89000000 2.591617083806 Long RA CORP US N 2 Repurchase N 3.25000000 2025-04-01 75616000.00000000 USD 77028862.75000000 USD UST N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 000000000 283330013.00000000 OU Notional Amount USD 7730054.25000000 0.265277283568 N/A DIR US N 2 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 N/A N/A Y 2034-04-12 2234366.62000000 USD 0.00000000 USD 283330013.00000000 USD 5495687.63000000 N N N ING (US) Funding LLC N/A 000000000 3999796.00000000 PA USD 3999796.00000000 0.137263592646 Long STIV CORP US N 2 2025-09-25 Floating 4.56000000 N N N N N BANK OF NOVA SCOTIA HOUSTON N/A 000000000 5000900.00000000 PA USD 5000900.00000000 0.171619127692 Long STIV CORP US N 2 2025-05-02 Floating 4.68000000 N N N N N iShares U.S. Real Estate ETF 549300SJWB2CPZFPT616 464287739 662770.00000000 NS USD 63460227.50000000 2.177805772300 Long EC RF US N 1 N N OCBC NEW YORK N/A 000000000 4998875.00000000 PA USD 4998875.00000000 0.171549634454 Long STIV CORP US N 2 2025-12-15 Floating 4.58000000 N N N N N IONIC SER III CL A N/A 000000000 2983458.00000000 PA USD 2983458.00000000 0.102385262545 Long STIV CORP US N 2 2025-05-14 Fixed 4.42000000 N N N N N ROYAL BANK OF CANADA NY N/A 000000000 5000575.00000000 PA USD 5000575.00000000 0.171607974456 Long STIV CORP US N 2 2025-04-22 Floating 4.68000000 N N N N N CF Secured LLC 254900OXTV81I73FAT50 000000000 7000000.00000000 PA USD 7000000.00000000 0.240223538532 Long RA CORP US N 2 Repurchase Y 4.36000000 2025-04-01 8909993.08000000 USD 7140864.76000000 USD AMBS N N Consumer Staples Select Sector SPDR Fund 549300Z52QUV3UXHLA68 81369Y308 137500.00000000 NS USD 11229625.00000000 0.385374321984 Long EC RF US N 1 N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 4807128.24000000 OU Notional Amount USD 139610.25000000 0.004791095467 N/A DCO US N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 S&P GSCI Commodity Index Total Return SPGCCITR INDEX Y equity-performance leg 2025-05-30 0.00000000 USD 0.00000000 USD 4807128.24000000 USD 139610.25000000 N N N iShares Core U.S. Aggregate Bond ETF 549300F7VSXTKBGHJE47 464287226 4866087.00000000 NS USD 481353326.04000000 16.51891418078 Long EC RF US N 1 N N Deutsche Bank AG 7LTWFZYICNSX8D621K86 000000000 1.00000000 NC -6849.67000000 -0.00023506456 N/A DFE US N 2 Deutsche Bank AG 7LTWFZYICNSX8D621K86 4830000.00000000 CAD 3362369.45000000 USD 2025-06-18 -6849.67000000 N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1737202.02000000 OU Notional Amount USD 68932.73000000 0.002365609188 N/A DCO US N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 S&P GSCI Commodity Index Total Return SPGCCITR INDEX Y equity-performance leg 2025-05-30 0.00000000 USD 0.00000000 USD 1737202.01700000 USD 68932.73000000 N N N State Street Global Advisors 5493000HFJPORCLSV250 85749P101 183015896.76000000 NS USD 183015896.76000000 6.280675189615 Long STIV RF US N 1 N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 000000000 421.00000000 NC USD 297539.58000000 0.010210858680 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Long CME E-mini Russell 2000 Index Futures RTYM5 Index 2025-06-20 42372915.42000000 USD 297539.58000000 N N N Industrial Select Sector SPDR Fund 549300HQI51T8KP6U325 81369Y704 150496.00000000 NS USD 19725510.72000000 0.676933140644 Long EC RF US N 1 N N National Bank Of Canada BSGEFEIOM18Y80CKCV46 000000000 13000000.00000000 PA USD 13000000.00000000 0.446129428702 Long RA CORP US N 2 Repurchase Y 4.46000000 2025-04-07 211166.67000000 USD 14496340.71000000 USD EQT N N TORONTO DOMINION NY N/A 000000000 5003370.00000000 PA USD 5003370.00000000 0.171703892283 Long STIV CORP US N 2 2025-08-12 Floating 4.71000000 N N N N N Technology Select Sector SPDR Fund 549300BR5T0JNM2MW070 81369Y803 284792.00000000 NS USD 58803852.16000000 2.018009920741 Long EC RF US N 1 N N SUMITOMO MITSUI BANKING CORP NY N/A 000000000 4001044.03000000 PA USD 4001044.03000000 0.137306422101 Long STIV CORP US N 2 2025-07-09 Floating 4.58000000 N N N N N STATE STREET INST US GOVT FUND N/A 857492706 15000000.00000000 NS USD 15000000.00000000 0.514764725425 Long STIV RF US N 1 N N NBC Global Finance Limited 549300KWU8YQOYSK5Y64 000000000 25000000.00000000 PA USD 25000000.00000000 0.857941209043 Long RA CORP US N 2 Repurchase Y 4.54000000 2025-04-07 226202.52000000 USD 27878404.49000000 USD EQT N N FIRST ABU DHABI BANK USA NV N/A 000000000 4103935.35000000 PA USD 4103935.35000000 0.140837410240 Long STIV CORP US N 2 2025-04-01 Fixed 4.32000000 N N N N N Energy Select Sector SPDR Fund 54930064FLK0RD4TRU75 81369Y506 81470.00000000 NS USD 7613371.50000000 0.261273005984 Long EC RF US N 1 N N ICE Futures U.S., Inc. 5493004R83R1LVX2IL36 000000000 852.00000000 NC USD -2479093.97000000 -0.08507667511 N/A DE US N 1 ICE Futures U.S., Inc. 5493004R83R1LVX2IL36 Long ICE U.S. mini MSCI EAFE Index Futures MFSM5 Index 2025-06-20 105413473.97000000 USD -2479093.97000000 N N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 1.00000000 NC -102573.61000000 -0.00352008507 N/A DFE JP N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 60638602.57000000 USD 9002146191.00000000 JPY 2025-06-18 -102573.61000000 N N N Deutsche Bank AG 7LTWFZYICNSX8D621K86 000000000 1.00000000 NC -8107.61000000 -0.00027823410 N/A DFE US N 2 Deutsche Bank AG 7LTWFZYICNSX8D621K86 4314000.00000000 GBP 5564095.82000000 USD 2025-06-18 -8107.61000000 N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 -638.00000000 NC USD -873488.35000000 -0.02997606604 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Short CBOT 10 Year U.S. Treasury Notes TYM5 Comdty 2025-06-18 -70084074.15000000 USD -873488.35000000 N N N Deutsche Bank AG 7LTWFZYICNSX8D621K86 000000000 1.00000000 NC N/A -2927959.52000000 -0.10048068522 N/A DFE JP N 2 Deutsche Bank AG 7LTWFZYICNSX8D621K86 145482818.44000000 EUR 23058884149.00000000 JPY 2025-06-18 -2927959.52000000 N N N Health Care Select Sector SPDR Fund 549300EJNY3KKJHPOY44 81369Y209 173123.00000000 NS USD 25277689.23000000 0.867470850392 Long EC RF US N 1 N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC 76619.13000000 0.002629388361 N/A DFE US N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 534016801.00000000 JPY 3667680.18000000 USD 2025-06-18 76619.13000000 N N N Santander US Capital Markets LLC 549300LGG2RLWD21SU97 000000000 10000000.00000000 PA USD 10000000.00000000 0.343176483617 Long RA CORP US N 2 Repurchase Y 4.36000000 2025-04-01 12137833.50000000 USD 10201235.34000000 USD AMBS N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 28843491.97000000 OU Notional Amount USD 421745.05000000 0.014473298324 N/A DE US N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 Russell 1000 Value Total Return Index RU10VATR INDEX Y equity-performance leg 2025-10-06 0.00000000 USD 0.00000000 USD 28843491.97247000 USD 421745.05000000 N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC -1225737.76000000 -0.04206443743 N/A DFE AU N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 150422887.07000000 USD 238621610.00000000 AUD 2025-06-18 -1225737.76000000 N N N THUNDER BAY FUNDING LLC N/A 000000000 992169.00000000 PA USD 992169.00000000 0.034048906857 Long STIV CORP US N 2 2025-06-03 Fixed 4.38000000 N N N N N FIDELITY INST GOVT LEX N/A 316175108 4000000.00000000 NS USD 4000000.00000000 0.137270593446 Long STIV RF US N 1 N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 1.00000000 NC -822316.92000000 -0.02821998290 N/A DFE JP N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 39402798.64000000 USD 5737197212.00000000 JPY 2025-06-18 -822316.92000000 N N N MIZUHO BANK LIMITED NEW YORK N/A 000000000 1999364.00000000 PA USD 1999364.00000000 0.068613470699 Long STIV CORP US N 2 2025-09-11 Floating 4.54000000 N N N N N BNP Paribas Financial Markets SNC 6EWKU0FGVX5QQJHFGT48 000000000 200000.00000000 PA USD 200000.00000000 0.006863529672 Long RA CORP US N 2 Repurchase Y 4.39000000 2025-04-01 226300.93000000 USD 204237.25000000 USD UST N N Materials Select Sector SPDR Fund 549300N81BAQ1XPGBT65 81369Y100 59476.00000000 NS USD 5113746.48000000 0.175491753511 Long EC RF US N 1 N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 7492482.87000000 OU Notional Amount USD -154558.67000000 -0.00530409008 N/A DE US N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 Russell 1000 Value Total Return Index RU10VATR INDEX Y equity-performance leg 2025-10-06 0.00000000 USD 0.00000000 USD 7492482.87000000 USD -154558.67000000 N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 7069087.03000000 OU Notional Amount USD 205302.83000000 0.007045510327 N/A DCO US N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 S&P GSCI Commodity Index Total Return SPGCCITR INDEX Y equity-performance leg 2025-05-30 0.00000000 USD 0.00000000 USD 7069087.03200000 USD 205302.83000000 N N N MS GOVT US LEX N/A 61747C707 4000000.00000000 NS USD 4000000.00000000 0.137270593446 Long STIV RF US N 1 N N DZ BANK AG NEW YORK N/A 000000000 12035978.15000000 PA USD 12035978.15000000 0.413046465841 Long STIV CORP US N 2 2025-04-01 Fixed 4.31000000 N N N N N Deutsche Bank AG 7LTWFZYICNSX8D621K86 000000000 1.00000000 NC 2214.65000000 0.000076001579 N/A DFE US N 2 Deutsche Bank AG 7LTWFZYICNSX8D621K86 1106875.00000000 EUR 1204249.67000000 USD 2025-06-18 2214.65000000 N N N Societe Generale O2RNE8IBXP4R0TD8PU41 000000000 300000.00000000 PA USD 300000.00000000 0.010295294508 Long RA CORP US N 2 Repurchase Y 4.30000000 2025-04-01 335441.10000000 USD 306000.06000000 USD UST N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 000000000 163000000.00000000 OU Notional Amount USD 3980183.31000000 0.136590531247 N/A DIR US N 2 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 N/A N/A Y 2035-01-12 51880.10000000 USD 0.00000000 USD 163000000.00000000 USD 3928303.21000000 N N N INVESCO GOVT AND AGCY LEX N/A 825252885 2000000.00000000 NS USD 2000000.00000000 0.068635296723 Long STIV RF US N 1 N N BANCO SANTANDER SA NY N/A 000000000 12035978.15000000 PA USD 12035978.15000000 0.413046465841 Long STIV CORP US N 2 2025-04-01 Fixed 4.32000000 N N N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 000000000 263.00000000 NC USD 971446.78000000 0.033337768998 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Long CME E-mini S&P 500 Index Futures ESM5 Index 2025-06-20 73368790.72000000 USD 971446.78000000 N N N TORONTO DOMINION NY N/A 000000000 9999831.00000000 PA USD 9999831.00000000 0.343170683934 Long STIV CORP US N 2 2025-05-09 Floating 4.70000000 N N N N N Communication Services Select 549300RPODKQJE2HDW24 81369Y852 257066.00000000 NS USD 24794015.70000000 0.850872312267 Long EC RF US N 1 N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 2187429.67000000 OU Notional Amount USD 63528.08000000 0.002180134310 N/A DCO US N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 S&P GSCI Commodity Index Total Return SPGCCITR INDEX Y equity-performance leg 2025-05-30 0.00000000 USD 0.00000000 USD 2187429.67200000 USD 63528.08000000 N N N Consumer Discretionary Select Sector SPDR Fund 549300CD2I087Y919K79 81369Y407 122035.00000000 NS USD 24097031.10000000 0.826953439851 Long EC RF US N 1 N N MIT UFJ TR NY N/A 000000000 5001050.00000000 PA USD 5001050.00000000 0.171624275339 Long STIV CORP US N 2 2025-07-07 Floating 4.58000000 N N N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 000000000 -178.00000000 NC USD 52550.59000000 0.001803412668 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Short CME E-mini NASDAQ 100 Index Futures NQM5 Index 2025-06-20 -69257170.59000000 USD 52550.59000000 N N N BNP Paribas Financial Markets SNC 6EWKU0FGVX5QQJHFGT48 000000000 65469.00000000 PA USD 65469.00000000 0.002246742120 Long RA CORP US N 2 Repurchase Y 4.39000000 2025-04-01 74078.47000000 USD 66856.05000000 USD UST N N Vanguard Total Bond Market ETF CIJB0QNLPT2SSWMJ5W92 921937835 7915573.00000000 NS USD 581398836.85000000 19.95224084093 Long EC RF US N 1 N N iShares Core MSCI EAFE ETF 5493009FT582MI7Y3I36 46432F842 8940779.00000000 NS USD 676369931.35000000 23.21142546651 Long EC RF US N 1 N N N Deutsche Bank AG 7LTWFZYICNSX8D621K86 000000000 1.00000000 NC 35640.14000000 0.001223085792 N/A DFE US N 2 Deutsche Bank AG 7LTWFZYICNSX8D621K86 6550000.00000000 AUD 4130999.85000000 USD 2025-06-18 35640.14000000 N N N State Street Global Advisors 5493000HFJPORCLSV250 85749P101 1780000.00000000 NS USD 1780000.00000000 0.061085414083 Long STIV RF US N 1 N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC 76373.82000000 0.002620969898 N/A DFE CA N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 37473712.80000000 USD 53830550.00000000 CAD 2025-06-18 76373.82000000 N N N IONIC SER III CL A N/A 000000000 2991186.60000000 PA USD 2991186.60000000 0.102650489923 Long STIV CORP US N 2 2025-04-24 Fixed 4.43000000 N N N N N National Bank Of Canada BSGEFEIOM18Y80CKCV46 000000000 15000000.00000000 PA USD 15000000.00000000 0.514764725425 Long RA CORP US N 2 Repurchase Y 4.46000000 2025-04-07 271562.82000000 USD 16726546.50000000 USD EQT N N DREYFUS TREASURY & AGENCY LEX N/A 261908107 4000000.00000000 NS USD 4000000.00000000 0.137270593446 Long STIV RF US N 1 N N Financial Select Sector SPDR Fund 549300Y12KQ6ZG08NY28 81369Y605 655503.00000000 NS USD 32650604.43000000 1.120491961626 Long EC RF US N 1 N N ROYAL BANK OF CANADA NY N/A 000000000 5000975.00000000 PA USD 5000975.00000000 0.171621701515 Long STIV CORP US N 2 2025-05-08 Floating 4.68000000 N N N N N Utilities Select Sector SPDR Fund 549300ERQDM80PRYUH21 81369Y886 81104.00000000 NS USD 6395050.40000000 0.219463090882 Long EC RF US N 1 N N N iShares Core S&P 500 ETF 5493007M4YMN8XL48C14 464287200 994552.00000000 NS USD 558838768.80000000 19.17803235857 Long EC RF US N 1 N N N Goldman Sachs Fin Square Govt Fd N/A 38141W273 4000000.00000000 NS USD 4000000.00000000 0.137270593446 Long STIV RF US N 1 N N Citigroup Global Markets Inc MBNUM2BPBDO7JBLYG310 000000000 30000000.00000000 PA USD 30000000.00000000 1.029529450851 Long RA CORP US N 2 Repurchase Y 4.88000000 2025-10-02 108.54000000 USD 41114.95000000 USD EQT 33949644.00000000 USD 30561884.16000000 USD UST N N ALLSPRING GOVT FUND LEX N/A 09248U700 10000000.00000000 NS USD 10000000.00000000 0.343176483617 Long STIV RF US N 1 N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC N/A 144319.60000000 0.004952709284 N/A DFE XX N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 1140513000.00000000 JPY 7195249.79000000 EUR 2025-06-18 144319.60000000 N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 101739701.71000000 OU Notional Amount USD 2954758.95000000 0.101400378639 N/A DCO US N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 S&P GSCI Commodity Index Total Return SPGCCITR INDEX Y equity-performance leg 2025-05-30 0.00000000 USD 0.00000000 USD 101739701.71200000 USD 2954758.95000000 N N N Osaka Exchange 3538001249AILNPRUX57 000000000 408.00000000 NC -1398669.48000000 -0.04799904738 N/A DE JP N 1 Osaka Exchange 3538001249AILNPRUX57 Long TSE TOPIX Futures TPM5 Index 2025-06-12 11070746436.00000000 JPY -1398669.48000000 N N N DNB NOR BANK ASA NEW YORK N/A 000000000 12035978.15000000 PA USD 12035978.15000000 0.413046465841 Long STIV CORP US N 2 2025-04-01 Fixed 4.29000000 N N N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 2433375.77000000 OU Notional Amount USD 70670.93000000 0.002425260125 N/A DCO US N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 S&P GSCI Commodity Index Total Return SPGCCITR INDEX Y equity-performance leg 2025-05-30 0.00000000 USD 0.00000000 USD 320475.21600000 USD 70670.93000000 N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 -2106.00000000 NC USD -2306052.34000000 -0.07913829330 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Short CBOT Ultra Long-Term U.S. Treasury Bond Futures WNM5 Comdty 2025-06-18 -255152447.66000000 USD -2306052.34000000 N N N 2025-04-30 Brighthouse Funds Trust I Alan Otis Alan Otis Treasurer XXXX