AMENDMENT TO NON-CUSTODIAL SECURITIES LENDING AGREEMENT
Exhibit (h)(11)(iii)
AMENDMENT TO NON-CUSTODIAL SECURITIES LENDING AGREEMENT
This Amendment is made on October 20, 2020, 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. (“X.X. Xxxxxx”) 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. | The amendment dated September 1, 2020, to the Agreement shall be superseded and replaced by this Amendment. |
| 2. | Schedule 9. The existing Schedule 9 of the Agreement shall be replaced with new Schedule 9, attached hereto, with effect from September 1, 2020. |
| 3. | 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. |
| 4. | 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. |
| 5. | 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. |
| 6. | 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]
1
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/ Xxxx X. Xxxx | By: /s/ Xxxxxx Xxxxxxx | |||||
| Name: Xxxx X. Xxxx | Name: Xxxxxx Xxxxxxx | |||||
| Title: Treasurer | Title: Managing Director | |||||
| Date: October 20, 2020 | Date: October 22, 2020 | |||||
2
ANNEXA
|
| ||||||
|
|
||||||
| AB Global Dynamic Allocation Portfolio | Xxxxxxx Xxxxxxx International Stock Portfolio |
| ||||
| BlackRock Global Tactical Strategies Portfolio | MetLife Aggregate Bond Index Portfolio |
| ||||
| BlackRock High Yield Portfolio | BlackRock Bond Income Portfolio |
| ||||
| Clarion Global Real Estate Portfolio | BlackRock Capital Appreciation Portfolio |
| ||||
| Xxxxxx Xxxxxx Growth Portfolio | Frontier Mid Cap Growth Portfolio |
| ||||
| Xxxxx Capital Management Mid Cap Value Portfolio | Xxxxxxxx Growth Portfolio |
| ||||
| Xxxxxx Oakmark International Portfolio | Xxxxxx Xxxxxx Small Cap Core Portfolio |
| ||||
| Invesco Xxxxxxxx Portfolio | Xxxxxx Xxxxxx Small Cap Growth Portfolio |
| ||||
| Victory Sycamore Mid Cap Value Portfolio | Brighthouse/Artisan Mid Cap Value Portfolio |
| ||||
| Invesco Small Cap Growth Portfolio | Brighthouse/Dimensional International Small |
| ||||
| JPMorgan Core Bond Portfolio | Company Portfolio |
| ||||
| JPMorgan Global Active Allocation - U.S. | Brighthouse/Wellington Balanced Portfolio |
| ||||
| JPMorgan Global Active Allocation - London | Brighthouse/Wellington Core Equity Opportunities |
| ||||
| JPMorgan Small Cap Value Portfolio | Portfolio |
| ||||
| Xxxxxx Xxxxxx Global Allocation Portfolio | MetLife Mid Cap Stock Index Portfolio |
| ||||
| Brighthouse/Aberdeen Emerging Markets Equity | MetLife Stock Index Portfolio |
| ||||
| Portfolio | MFS®Total Return Portfolio |
| ||||
| Brighthouse/Artisan International Portfolio | MFS®Value Portfolio |
| ||||
| Brighthouse/Franklin Low Duration Total Return | MetLife MSCI EAFE®Index Portfolio |
| ||||
| Portfolio | MetLife Xxxxxxx 2000®Index Portfolio |
| ||||
| Brighthouse/Xxxxxxxxx International Bond Portfolio | X. Xxxx Price Large Cap Growth Portfolio |
| ||||
| Brighthouse/Wellington Large Cap Research Portfolio | X. Xxxx Price Small Cap Growth Portfolio |
| ||||
| Brighthouse Small Cap Value Portfolio - Xxxxx Capital | XxxXxx Global Natural Resources Portfolio |
| ||||
| Brighthouse Small Cap Value Portfolio - Delaware | Western Asset Management Strategic Bond |
| ||||
| Investments | Opportunities Portfolio |
| ||||
| MFS®Research International Portfolio | Western Asset Management U.S. Government |
| ||||
| Xxxxxx Xxxxxxx Discovery Portfolio | Portfolio |
| ||||
| Invesco Global Equity Portfolio | ||||||
| Western Asset Management Government Income | ||||||
| Portfolio | ||||||
| Schroders Global Multi-Asset- Main | ||||||
| Schroders Global Multi-Asset- QEP | ||||||
| SSGA Growth and Income ETF Portfolio | ||||||
| SSGA Growth ETF Portfolio | ||||||
| TCW Core Fixed Income Portfolio | ||||||
| X. Xxxx Price Large Cap Value Portfolio | ||||||
| X. Xxxx Price Mid Cap Growth Portfolio | ||||||
| SSGA Emerging Markets Enhanced Index Portfolio | ||||||
| AB International Bond Portfolio | ||||||
3
SCHEDULE 9
X.X. Xxxxxx or an “affiliated person” of X.X. Xxxxxx, as defined in Section 2(a)(3) of the Investment Company Act of 1940, is an “affiliated person’’ of the series of Lender listed below by virtue of providing investment advisory services to such series. In respect of any securities loaned from such series, X.X. Xxxxxx shall be entitled to a fee, payable monthly at an annual rate of the average daily value of the Collateral posted by Borrower(s) in respect of securities loaned from such series.
|
Series |
Annual Rate | |
|
JPMorgan Core Bond Portfolio Fund |
0.01% | |
|
JPMorgan Small Cap Value Portfolio Fund |
0.03% | |
|
JPMorgan Global Active Allocation Portfolio Fund – US |
0.015% | |
|
JPMorgan Global Active Allocation Portfolio Fund – London |
0.02% |
4
