BlackRock Bond Income Portfolio
Data updated: 2026-08-27
C000017804 — BlackRock Bond Income Portfolio. Long Total / Aggregate Bond · $2.49B AUM · 0.53% expense ratio. Holdings, fees, performance and SEC filings.
C000017804 Fund Overview
BlackRock Bond Income Portfolio is a US mutual fund managed by Brighthouse Funds Trust II, categorised as Long Total / Aggregate Bond. 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: Long Total / Aggregate Bond
- Assets under management: $2.49B
- 1-year return: 4.1%
- SEC CIK: 0000710826
- SEC series ID: S000006511
- Share class ID: C000017804
C000017804 Investment Objective and Strategy
BlackRock Bond Income Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Brighthouse Funds Trust II.
Investment objective
Competitive total return primarily from investing in fixed-income securities.
Principal investment strategy
BlackRock Advisors, LLC (BlackRock or Subadviser), subadviser to the Portfolio, invests, under normal circumstances, at least 80% of the Portfolios net assets in fixed-income securities. The Portfolio may invest in investment grade fixed-income securities, obligations of the U.S. Treasury or any U.S. Government agency or instrumentality (U.S. Government securities), Treasury Inflation Protected Securities and other inflation-linked bonds, mortgage-backed and asset-backed securities, including collateralized mortgage obligations, collateralized loan obligations and other collateralized debt obligations, corporate debt securities of U.S. and foreign issuers, bank loans, and cash equivalents. The Portfolio may also invest in securities issued pursuant to Rule 144A under the Securities Act of 1933 and other private placement transactions.
The Portfolio may invest up to 20% of its total assets in high yield securities (commonly known as junk bonds) and up to 20% of its total assets in foreign securities (including up to 10% of its total assets in emerging markets), provided that the Portfolio may not invest more than 30% of its total assets in high yield securities and foreign securities (including emerging markets) combined. In addition to bonds, the Portfolios high yield securities may include convertible bonds, convertible preferred stocks and other securities attached to bonds or other fixed-income securities. The Portfolio may invest in derivatives to obtain investment exposure, enhance return, or hedge or protect its assets from an unfavorable shift in the value or rate of a reference instrument. The Portfolio may use such derivatives as options, options on futures contracts, currency-related derivatives, swaps, and inverse floaters for these purposes.
These instruments may be used for any investment purpose, including, for example, in an attempt to adjust the Portfolios duration or to lower its exposure to certain risks (e.g., changes in interest rates or fluctuations in the values of foreign currencies). The Portfolio may also invest in structured securities, mortgage dollar rolls, investment companies, exchange traded funds, forward commitments and when-issued and delayed delivery securities, repurchase agreements, reverse repurchase agreements and may engage in short sale transactions. Investment Selection BlackRock establishes duration targets based on economic and monetary factors affecting interest rates and bond market returns. BlackRock also allocates the Portfolios investments among bond market sectors (such as U.S. Treasury securities, U.S.
Government agency securities, mortgage-backed or asset-backed securities, and corporate debt securities) based upon its evaluation of the relative price and yield attractiveness of the various sectors. BlackRock also decides how the Portfolios portfolio should be positioned along the yield curve by selecting securities in certain maturity ranges based upon the relative price and yield attractiveness of those maturities. When selecting particular fixed-income securities that will satisfy the desired duration, yield curve positioning and sector weighting for the overall portfolio, BlackRock relies primarily on its own research regarding the credit quality, yield characteristics and interest rate sensitivity of individual securities. Although the Portfolio does not generally seek to eliminate all foreign currency risk, it may at times use foreign currencies, forward currency contracts and currency-related derivative instruments, including cross-hedging techniques, to hedge some or all of its foreign currency exposure.
BlackRock monitors and adjusts the Portfolios investments to try to maintain a duration generally within 1 ?1 / 2 years of the duration of the Bloomberg U.S. Aggregate Bond Index. As of December 31, 2025, the duration of this index was 5.8 years.
C000017804 Holdings
Top 10 holdings of BlackRock Bond Income Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fixed Income Clearing Corp. | 2.43% |
| Umbs, Tba | 2.34% |
| United States Treasury | 1.97% |
| Umbs, Tba | 1.54% |
| Umbs, Tba | 1.01% |
| United States Treasury | 1.00% |
| United States Treasury | 0.83% |
| Umbs, Tba | 0.75% |
| Government National Mortgage Association | 0.74% |
| Umbs, Tba | 0.74% |
C000017804 Portfolio Allocation
Asset-class allocation of BlackRock Bond Income Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 59.2% |
| Fixed Income | 46.0% |
| Cash & Equivalents | 2.8% |
| Loans | 1.0% |
| Other | 0.8% |
| Equity | 0.6% |
C000017804 Performance
Total returns for C000017804 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.6% |
| 1 year | 4.1% |
| 3 years (annualised) | 4.2% |
| 5 years (annualised) | -0.0% |
C000017804 Risk Information
Risk metrics for C000017804, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.5%
C000017804 Costs and Fees
C000017804 costs about $53 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.53%
- Gross expense ratio: 0.55%
- Portfolio turnover: 438%
- Brokerage commissions: 1.79 bps of average net assets (SEC N-CEN)
C000017804 Cashflows
Over the 12 months to 2026-06, BlackRock Bond Income Portfolio had net outflows of $86.19M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $116.98M |
| 2026-05 | −$2.89M |
| 2026-04 | −$11.63M |
| 2026-03 | −$57.60M |
| 2026-02 | −$8.55M |
| 2026-01 | −$5.76M |
C000017804 Debt Constituents
Largest debt holdings of BlackRock Bond Income Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 1.97% |
| United States Treasury | 1.00% |
| United States Treasury | 0.83% |
| United States Treasury | 0.69% |
| Discovery Holdings, Inc. | 0.61% |
| United States Treasury | 0.57% |
| Spain Government Bonds | 0.57% |
| United States Treasury | 0.56% |
| United States Treasury | 0.54% |
| United States Treasury | 0.54% |
C000017804 Prospectus and SEC Filings
Official BlackRock Bond Income 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 Long Total / Aggregate Bond 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.