Brighthouse/Wellington Core Equity Opportunities Portfolio
Data updated: 2026-08-27
C000017774 — Brighthouse/Wellington Core Equity Opportunities Portfolio. United States Large Cap Value Equity. Holdings, fees, performance and SEC filings.
C000017774 Fund Overview
Brighthouse/Wellington Core Equity Opportunities Portfolio is a US mutual fund managed by Brighthouse Funds Trust II, categorised as United States Large Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Brighthouse Funds Trust II
- Category: United States Large Cap Value Equity
- Assets under management: $2.77B
- 1-year return: 7.8%
- SEC CIK: 0000710826
- SEC series ID: S000006501
- Share class ID: C000017774
C000017774 Investment Objective and Strategy
Brighthouse/Wellington Core Equity Opportunities Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Brighthouse Funds Trust II.
Investment objective
Provide a growing stream of income over time and,
Principal investment strategy
Wellington Management Company LLP (Wellington Management or Subadviser), subadviser to the Portfolio, utilizes an investment approach in managing the Portfolio that seeks to provide total returns in excess of the broader market as represented by the Russell 1000 Index over the long term by identifying companies that are expected to consistently return cash to shareholders in the form of a growing dividend. Under normal circumstances, the Portfolio invests at least 80% of its net assets in equity securities. Equity securities include common stocks, preferred stocks, American Depositary Receipts (ADRs), rights and warrants. Although the Portfolio may invest in the securities of companies with any market capitalization, the Portfolio normally invests a significant portion of its assets in the equity securities of large-capitalization companies.
Wellington Management considers large-capitalization companies to be those with market capitalization of $10 billion and above. The Portfolio may invest in real estate investment trusts, and may invest up to 25% of its assets in foreign securities, including ADRs. The investment process that Wellington Management uses to manage the Portfolio is based on the belief that above-average growth in dividends is an effective and often overlooked indicator of high quality, shareholder-oriented companies that produce consistent, above-average returns over time with lower volatility than the broad market. In order to grow dividends, Wellington Management believes companies need to produce not only growth in reported earnings, but also growth in free cash flow, which requires prudent management of balance sheet accruals as well as margins.
In Wellington Managements view, companies also need to allocate free cash flow effectively by reinvesting capital selectively and returning excess capital to shareholders. Historically, companies which have returned excess capital to shareholders via dividends have produced higher returns on capital over time. Wellington Management believes that a portfolio of high-quality stocks with superior prospects for dividend growth, selling at reasonable valuation levels, can produce superior total returns over time. Leveraging the firms global industry analysts, the portfolio manager focuses on identifying high-quality companies that have the ability, propensity, and commitment to return capital to shareholders in the form of a growing dividend. From a financial perspective, the approach seeks to identify companies with a below average debt-to-capital ratio relative to their industry, higher than average and improving returns on capital, modest reinvestment needs, positive balance sheet trends, and free cash flow conversion.
The unifying characteristic among the companies held in the Portfolio will be quality cash flow characteristics. Importantly, the portfolio manager also pays close attention to insider activity and management compensation schemes in order to judge the proper alignment of shareholder interests with those of the senior executives. High-quality companies that meet Wellington Managements dividend and valuation criteria are ranked on a similar basis. While dividend growth is an important focus of Wellington Managements investment process, capital appreciation is also considered in determining the attractiveness of the valuation for each security. The portfolio manager monitors the risk/reward profile of each stock, but the most important driver of purchase and sale decisions is the potential for dividend growth and the fundamentals that support that analysis.
C000017774 Holdings
Top 10 holdings of Brighthouse/Wellington Core Equity Opportunities Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Broadcom Inc | 5.67% |
| Eli Lilly & Co | 5.04% |
| Microsoft Corp | 4.58% |
| KLA Corp | 3.89% |
| Mastercard Inc | 3.52% |
| Texas Instruments Inc | 3.50% |
| Apple Inc | 3.39% |
| Visa Inc | 3.20% |
| Wells Fargo & Co | 2.65% |
| Merck & Co Inc | 2.61% |
C000017774 Portfolio Allocation
Asset-class allocation of Brighthouse/Wellington Core Equity Opportunities Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.6% |
| Cash & Equivalents | 1.3% |
C000017774 Performance
Total returns for C000017774 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 3.4% |
| 1 year | 7.8% |
| 3 years (annualised) | 7.9% |
| 5 years (annualised) | 6.6% |
C000017774 Risk Information
Risk metrics for C000017774, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.5%
C000017774 Costs and Fees
C000017774 costs about $77 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.77%
- Gross expense ratio: 0.89%
- Portfolio turnover: 37%
- Brokerage commissions: 1.14 bps of average net assets (SEC N-CEN)
C000017774 Cashflows
Over the 12 months to 2026-06, Brighthouse/Wellington Core Equity Opportunities Portfolio had net inflows of $15.64M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $298.67M |
| 2026-05 | −$21.67M |
| 2026-04 | −$18.31M |
| 2026-03 | −$20.58M |
| 2026-02 | −$20.80M |
| 2026-01 | −$23.56M |
C000017774 Debt Constituents
No individual debt constituents are reported in Brighthouse/Wellington Core Equity Opportunities Portfolio's latest SEC N-PORT filing.
C000017774 Prospectus and SEC Filings
Official Brighthouse/Wellington Core Equity Opportunities Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-24
- Prospectus (485BPOS) — filed 2025-04-25
- Prospectus (485BPOS) — filed 2024-04-25
- Portfolio holdings (N-PORT) — filed 2026-08-27
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2026-03-11
- Annual census (N-CEN) — filed 2025-03-14
Related Funds
Other United States Large Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.