MFS Total Return Portfolio
Data updated: 2026-08-27
C000017824 — MFS Total Return Portfolio. Total Return Allocation · $566.36M AUM · 0.62% expense ratio. Holdings, fees, performance and SEC filings.
C000017824 Fund Overview
MFS Total Return Portfolio is a US mutual fund managed by Brighthouse Funds Trust II, categorised as Total Return Allocation. 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: Total Return Allocation
- Assets under management: $566.36M
- 1-year return: 9.3%
- SEC CIK: 0000710826
- SEC series ID: S000006520
- Share class ID: C000017824
C000017824 Investment Objective and Strategy
MFS Total Return Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Brighthouse Funds Trust II.
Investment objective
Favorable total return through investment in a diversified portfolio.
Principal investment strategy
The Portfolio invests in a combination of equity and fixed income securities. Massachusetts Financial Services Company (MFS or Subadviser), subadviser to the Portfolio, generally invests approximately 60% of the Portfolios net assets in equity securities, including common stocks, preferred stocks, securities convertible into stocks, and depositary receipts for equity securities, and approximately 40% of the Portfolios net assets in fixed-income securities. (These weightings do not reflect the Portfolios cash balance and can vary over time due to market movements and cash flows.) The fixed-income securities in which the Portfolio may invest include, but are not limited to, corporate bonds, U.S. Government securities (e.g., obligations of the U.S. Government or its agencies or instrumentalities), mortgage-backed securities, and asset-backed securities, including collateralized loan obligations.
The Portfolio may invest in securities issued pursuant to Rule 144A under the Securities Act of 1933. Generally, substantially all of the Portfolios investments in debt instruments are rated investment grade. MFS focuses on investing the Portfolios equity portion in the stocks of companies that it believes are undervalued compared to their perceived worth (value companies). Value companies tend to have stock prices that are low relative to their earnings, dividends, assets, or other financial measures. The Portfolio may, from time to time, emphasize one or more sectors. MFS invests, under normal circumstances, a portion of the Portfolios assets in income-producing equity securities. While MFS may use derivatives for any investment purpose, to the extent MFS uses derivatives, MFS expects to use derivatives primarily to increase or decrease exposure to a particular market, segment of the market, or security, to increase or decrease interest rate exposure, or as alternatives to direct investments.
Derivatives include futures, forward contracts, options, and swaps. Consistent with the principal investment strategies above, the Portfolio may invest up to 25% of its net assets in foreign securities and may have exposure to foreign currencies through its investments in these securities. While MFS may invest the Portfolios equity portion in securities of companies of any size, MFS primarily invests in securities of companies with large capitalizations ($5 billion or more). The Portfolio may purchase or sell securities on a when-issued, delayed delivery, or forward commitment basis where payment and delivery take place at a future settlement date, including mortgage-backed securities purchased or sold in the to be announced (TBA) market. When MFS sells securities for the Portfolio on a when-issued, delayed delivery, or forward commitment basis, the Portfolio typically owns or has the right to acquire securities equivalent in kind and amount to the deliverable securities.
Investment Selection MFS uses an active bottom-up investment approach to buying and selling investments for the Portfolio. Investments are selected primarily based on fundamental analysis of individual issuers and/or instruments in light of the issuers financial condition and market, economic, political, and regulatory conditions. Factors considered for equity securities may include analysis of an issuers earnings, cash flows, competitive position, and management ability. Factors considered for debt instruments may include the instruments credit quality, collateral characteristics, and indenture provisions, and the issuers management ability, capital structure, use of leverage, and ability to meet its current obligations. Quantitative screening tools that systematically evaluate the valuation, price and earnings momentum, earnings quality, and other factors of the issuer of an equity security or the structure of a debt instrument may also be considered.
C000017824 Holdings
Top 10 holdings of MFS Total Return Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Charles Schwab Corp/The | 2.50% |
| Microsoft Corp | 2.01% |
| Bank of America Corp | 1.87% |
| Pfizer Inc | 1.76% |
| Medtronic PLC | 1.73% |
| Kenvue Inc | 1.66% |
| Omnicom Group Inc | 1.65% |
| Becton Dickinson & Co | 1.64% |
| Northern Trust Corp | 1.60% |
| Cigna Group/The | 1.59% |
C000017824 Portfolio Allocation
Asset-class allocation of MFS Total Return Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 59.0% |
| Fixed Income | 24.1% |
| Securitized | 17.5% |
| Cash & Equivalents | 1.4% |
C000017824 Performance
Total returns for C000017824 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 3.4% |
| 1 year | 9.3% |
| 3 years (annualised) | 9.4% |
| 5 years (annualised) | 5.2% |
C000017824 Risk Information
Risk metrics for C000017824, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.4%
C000017824 Costs and Fees
C000017824 costs about $62 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.62%
- Gross expense ratio: 0.64%
- Portfolio turnover: 33%
- Brokerage commissions: 0.70 bps of average net assets (SEC N-CEN)
C000017824 Cashflows
Over the 12 months to 2026-06, MFS Total Return Portfolio had net outflows of $18.21M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $48.01M |
| 2026-05 | −$4.77M |
| 2026-04 | −$6.19M |
| 2026-03 | −$5.73M |
| 2026-02 | −$5.93M |
| 2026-01 | −$6.40M |
C000017824 Debt Constituents
Largest debt holdings of MFS Total Return Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 1.36% |
| United States Treasury | 1.27% |
| Freddie Mac Discount Nt | 1.26% |
| United States Treasury | 1.22% |
| United States Treasury | 0.84% |
| United States Treasury | 0.69% |
| United States Treasury | 0.67% |
| United States Treasury | 0.55% |
| United States Treasury | 0.42% |
| United States Treasury | 0.35% |
C000017824 Prospectus and SEC Filings
Official MFS Total Return 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 Total Return Allocation 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.