AMENDMENT TO NON-CUSTODIAL SECURITIES LENDING AGREEMENT
Exhibit (h)(14)(iv)
Certain identified information has been excluded from the exhibit because it is both not material and the type that the Registrant treats as private or confidential.
AMENDMENT TO NON-CUSTODIAL SECURITIES LENDING AGREEMENT
This Amendment is made on March 1, 2025, to the Non-Custodial Securities Lending Agreement dated September 8, 2016 (as amended from time to time, the “Agreement”) between JPMorgan Chase Bank, N.A. (“▇.▇. ▇▇▇▇▇▇”) and Brighthouse Investment Advisers, LLC on behalf of each series of Brighthouse Funds Trust I and Brighthouse Funds Trust II (formerly known as Met Investors Series Trust and Metropolitan Series Fund, respectively) identified on Annex A to the Agreement (each a “Lender”).
WHEREAS, the parties desire to amend the Agreement as set forth herein.
NOW IT IS HEREBY AGREED AS FOLLOWS:
| 1. | Section 5.1(a) of the Agreement shall be amended by replacing the reference to “US$45 million” to “US$35 million”. |
| 2. | Section 5.1(h) of the Agreement shall be deleted in its entirety and replaced with the following: |
Each of Lender and ▇.▇ ▇▇▇▇▇▇ shall be responsible for paying [__]% of the aggregate fees, costs and expenses set forth on Annex B to this Agreement. ▇.▇. ▇▇▇▇▇▇ shall be entitled to deduct such amounts for which Lender is responsible for paying prior to crediting ▇▇▇▇▇▇’s share of earnings and Loan Fees on a monthly basis, or as may otherwise agreed by the parties.
| 3. | Annex A to the Agreement shall be deleted and replaced with Annex A attached hereto. |
| 4. | Annex B to the Agreement shall be deleted and replaced with Annex B attached hereto. |
| 5. | Unless otherwise provided herein, all terms and conditions of the Agreement are expressly incorporated herein by reference and except as modified hereby, the Agreement is confirmed in all respects. Capitalized words in this Amendment bear the same meaning (except as otherwise amended herein) as in the Agreement. |
| 6. | From and including the date hereof, this Amendment supplements and forms part of the Agreement and accordingly this Amendment and the Agreement shall be treated as one single agreement between the parties and shall continue in full force and effect until terminated as provided therein. |
| 7. | This Amendment may be executed in several counterparts each of which will be deemed to be an original and together will constitute one and the same agreement. |
| 8. | This Amendment shall be governed by and construed under the laws of the United States and the State of New York, as applicable, without regard to New York’s principles regarding conflict of laws. |
[SIGNATURE PAGE FOLLOWS]
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In Witness whereof, the parties have executed this Amendment as of the date first written above.
| Brighthouse Investment Advisers, LLC, on behalf of Brighthouse Funds Trust I and Brighthouse Funds Trust II, in respect of each of their series listed on Annex A of the Agreement | JPMORGAN CHASE BANK, N.A. | |||||||
| By: | /s/ ▇▇▇▇ ▇. ▇▇▇▇ |
By: | /s/ ▇▇▇ ▇▇▇▇ | |||||
| Name: | ▇▇▇▇ ▇. ▇▇▇▇ | Name: | ▇▇▇ ▇▇▇▇ | |||||
| Title: | Treasurer | Title: | Executive Director | |||||
| Date: | March 3, 2025 | Date: | March 3, 2025 | |||||
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ANNEX A
| BRIGHTHOUSE FUNDS TRUST I |
||
| AB Global Dynamic Allocation Portfolio AB International Bond Portfolio Allspring Mid Cap Value Portfolio BlackRock Global Tactical Strategies Portfolio BlackRock High Yield Portfolio Brighthouse Small Cap Value Portfolio Brighthouse/Artisan International Portfolio Brighthouse/Franklin Low Duration Total Return Portfolio Brighthouse/▇▇▇▇▇▇▇▇▇ International Bond Portfolio Brighthouse/Wellington Large Cap Research Portfolio CBRE Global Real Estate Portfolio ▇▇▇▇▇▇ Oakmark International Portfolio Invesco ▇▇▇▇▇▇▇▇ Portfolio Invesco Global Equity Portfolio Invesco Small Cap Growth Portfolio JPMorgan Core Bond Portfolio JPMorgan Global Active Allocation Portfolio JPMorgan Small Cap Value Portfolio ▇▇▇▇▇▇ ▇▇▇▇▇▇ Global Allocation Portfolio ▇▇▇▇▇▇ ▇▇▇▇▇▇ Growth Portfolio MFS Research International Portfolio ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Discovery Portfolio Schroders Global Multi-Asset Portfolio SSGA Emerging Markets Enhanced Index Portfolio SSGA Emerging Markets Enhanced Index Portfolio II SSGA Growth and Income ETF Portfolio SSGA Growth ETF Portfolio ▇. ▇▇▇▇ Price Large Cap Value Portfolio ▇. ▇▇▇▇ Price Mid Cap Growth Portfolio TCW Core Fixed Income Portfolio Victory Sycamore Mid Cap Value Portfolio Western Asset Management Government Income Portfolio |
▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ International Stock Portfolio BlackRock Bond Income Portfolio BlackRock Capital Appreciation Portfolio Brighthouse/Artisan Mid Cap Value Portfolio Brighthouse/Dimensional International Small Company Portfolio Brighthouse/Wellington Balanced Portfolio Brighthouse/Wellington Core Equity Opportunities Portfolio Frontier Mid Cap Growth Portfolio ▇▇▇▇▇▇▇▇ Growth Portfolio ▇▇▇▇▇▇ ▇▇▇▇▇▇ Small Cap Core Portfolio ▇▇▇▇▇▇ ▇▇▇▇▇▇ Small Cap Growth Portfolio MetLife Aggregate Bond Index Portfolio MetLife Mid Cap Stock Index Portfolio MetLife MSCI EAFE Index Portfolio MetLife ▇▇▇▇▇▇▇ 2000 Index Portfolio Metlife Stock Index Portfolio MFS Total Return Portfolio MFS Value Portfolio ▇.▇▇▇▇ Price Large Cap Growth Portfolio ▇.▇▇▇▇ Price Small Cap Growth Portfolio ▇▇▇ ▇▇▇ Global Natural Resources Portfolio Western Asset Management Strategic Bond Opportunities Portfolio Western Asset Management U.S. Government Portfolio |
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ANNEX B
Fees payable by ▇.▇. ▇▇▇▇▇▇ and ▇▇▇▇▇▇ under this Agreement
Transaction Processing and Activity Based Fees
| U.S. Transaction Processing Fees26 (per transaction) |
||||
| • Wire Transfers (Fed Wires & Interbank Transfers) |
$ | [__ | ] | |
| • DTC or Fed Book Entry |
$ | [__ | ] | |
| • Processing of Foreign Exchange Transactions with Dealers other than State Street (Including Indirect Foreign Exchange Transactions Executed with a Sub-custodian) – Automated/Electronic Trade Instruction |
$ | [__ | ] | |
| • Processing of Foreign Exchange Transactions with Dealers other than State Street (Including Indirect Foreign Exchange Transactions Executed with a Sub-custodian) – Manual Trade Instruction (Fax, etc.) |
$ | [__ | ] | |
| • Securities Payment Order (SPO) Transaction Processing |
$ | [__ | ] | |
| • Reallocations |
$ | [__ | ] | |
| Non-U.S. Transaction Processing Fees (per transaction) |
||||
| • Reallocations |
$ | [__ | ] | |
| • All Other Trades |
See below |
| Market |
Non-U.S. Transaction Processing Fees |
Market |
Non-U.S. Transaction Processing Fees |
|||||||
| Australia |
$ | [__ | ] | Sweden |
$ | [__ | ] | |||
| Austria |
$ | [__ | ] | Switzerland |
$ | [__ | ] | |||
| Belgium |
$ | [__ | ] | Taiwan |
$ | [__ | ] | |||
| Canada |
$ | [__ | ] | Thailand |
$ | [__ | ] | |||
| Czech Republic |
$ | [__ | ] | Turkey |
$ | [__ | ] | |||
| Denmark |
$ | [__ | ] | United Kingdom |
$ | [__ | ] | |||
| Euroclear |
$ | [__ | ] | |||||||
| Finland |
$ | [__ | ] | |||||||
| France |
$ | [__ | ] | |||||||
| Germany |
$ | [__ | ] | |||||||
| Greece |
$ | [__ | ] | |||||||
| Hong Kong |
$ | [__ | ] | |||||||
| Hungary |
$ | [__ | ] | |||||||
| Israel |
$ | [__ | ] | |||||||
| Italy |
$ | [__ | ] | |||||||
| Japan |
$ | [__ | ] | |||||||
| Malaysia |
$ | [__ | ] | |||||||
| Mexico |
$ | [__ | ] | |||||||
| Netherlands |
$ | [__ | ] | |||||||
| New Zealand |
$ | [__ | ] | |||||||
| Norway |
$ | [__ | ] | |||||||
| Poland |
$ | [__ | ] | |||||||
| Portugal |
$ | [__ | ] | |||||||
| Russia |
$ | [__ | ] | |||||||
| Singapore |
$ | [__ | ] | |||||||
| South Africa |
$ | [__ | ] | |||||||
| South Korea |
$ | [__ | ] | |||||||
| Spain |
$ | [__ | ] | |||||||
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