Brighthouse/Wellington Balanced Portfolio
Data updated: 2026-08-27
C000017830 — Brighthouse/Wellington Balanced Portfolio. Balanced Allocation · $1.27B AUM · 0.52% expense ratio. Holdings, fees, performance and SEC filings.
C000017830 Fund Overview
Brighthouse/Wellington Balanced Portfolio is a US mutual fund managed by Brighthouse Funds Trust II, categorised as Balanced 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: Balanced Allocation
- Assets under management: $1.27B
- 1-year return: 15.1%
- SEC CIK: 0000710826
- SEC series ID: S000006522
- Share class ID: C000017830
C000017830 Investment Objective and Strategy
Brighthouse/Wellington Balanced Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Brighthouse Funds Trust II.
Investment objective
Long term capital appreciation with some current income.
Principal investment strategy
Wellington Management Company LLP (Wellington Management or Subadviser), subadviser to the Portfolio, invests the Portfolios assets, under normal circumstances, in (1) U.S. and foreign debt securities and (2) equity securities of U.S. companies and, to a lesser extent, of foreign companies. The amount of assets invested in fixed income securities and equity securities will depend upon economic conditions, the general level of common stock prices, interest rates and other relevant considerations. Under normal circumstances, the Portfolio invests approximately 40% of its assets in fixed income securities and approximately 60% in equity securities. The fixed income portion of the Portfolio invests primarily in U.S. and foreign investment grade debt securities denominated in U.S. dollars such as government bonds, corporate bonds, mortgage-backed securities and asset-backed securities.
In addition, opportunistic investments may be established in higher-risk/higher-return segments of the global bond market. These segments may include allocating up to 20% of the fixed income portfolio to non-U.S. dollar denominated issues and currencies, and allocating up to 20% of the fixed income portfolio to debt obligations rated below investment grade (also known as junk bonds). Additional Portfolio assets will not be allocated to these segments when the combination of these two allocations, plus any bank loans, combine to exceed 30% of Portfolio assets allocated to fixed income securities. The fixed income portion of the Portfolio is managed according to a disciplined investment process that combines the best aspects of both team-based strategy development and individual portfolio manager flexibility.
The team sets interest rate duration and sector allocation strategy guidelines. Once the team has established the guidelines, the fixed income portfolio managers turn to Wellington Managements in-house fixed income credit analysts for their bottom-up analysis and security recommendations. The fixed income portfolio managers then consider analyst recommendations in making final buy and sell decisions. Risk is monitored by Wellington Management throughout the investment process and managed at the security, sector, and portfolio levels. The fixed income portion of the Portfolio also may utilize derivatives such as futures, including credit default index futures, options, forwards, or swaps, including credit default swaps, and may invest in mortgage dollar rolls. The fixed income portions average duration ranges between +/- 1.5 years of the average duration of the Bloomberg U.S.
Aggregate Bond Index. The equity portion of the Portfolio invests primarily in equity securities of U.S. companies and, to a lesser extent, of foreign companies. Equity securities may include common stocks, preferred stocks, securities convertible into common or preferred stocks, American Depositary Receipts (ADRs), rights and warrants. The Portfolio may also invest in forward commitments, when-issued and delayed delivery securities and securities issued pursuant to Rule 144A under the Securities Act of 1933. In managing the equity portion of the Portfolio, Wellington Management allocates the Portfolios assets across a variety of industries, selecting companies in each industry based on the research of Wellington Managements team of global industry analysts. The Portfolio typically seeks to maintain representation in each major industry represented by broad-based, large cap U.S.
equity indices. The Portfolio may, from time to time, emphasize one or more sectors. Wellington Management may invest up to 15% of the Portfolios total net assets allocated to equity securities in securities of foreign issuers and non-dollar denominated securities. In analyzing a prospective investment for the equity portion of the Portfolio, Wellington Management utilizes a bottom-up approach, which is the use of fundamental analysis to identify specific securities for purchase or sale. Fundamental analysis of a company involves the assessment of a variety of factors, including the companys business environment, management quality, balance sheet, income statement, anticipated earnings, revenues and dividends, and other related measures or indicators of valuation and growth potential.
C000017830 Holdings
Top 10 holdings of Brighthouse/Wellington Balanced Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corp | 5.14% |
| Apple Inc | 3.25% |
| Alphabet Inc | 3.24% |
| Amazon.com Inc | 3.05% |
| Microsoft Corp | 2.58% |
| Broadcom Inc | 2.15% |
| United States Treasury | 1.78% |
| Micron Technology Inc | 1.67% |
| Umbs, Tba | 1.54% |
| Advanced Micro Devices Inc | 1.24% |
C000017830 Portfolio Allocation
Asset-class allocation of Brighthouse/Wellington Balanced Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 60.1% |
| Securitized | 24.6% |
| Fixed Income | 20.9% |
| Cash & Equivalents | 2.4% |
| Loans | 0.3% |
| Real Estate | 0.1% |
| Derivatives | 0.1% |
C000017830 Performance
Total returns for C000017830 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 6.7% |
| 1 year | 15.1% |
| 3 years (annualised) | 13.6% |
| 5 years (annualised) | 7.2% |
C000017830 Risk Information
Risk metrics for C000017830, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.4%
C000017830 Costs and Fees
C000017830 costs about $52 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.52%
- Gross expense ratio: 0.52%
- Portfolio turnover: 194%
- Brokerage commissions: 1.81 bps of average net assets (SEC N-CEN)
C000017830 Cashflows
Over the 12 months to 2026-06, Brighthouse/Wellington Balanced Portfolio had net inflows of $40.71M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $105.47M |
| 2026-05 | −$12.33M |
| 2026-04 | $43.08M |
| 2026-03 | −$12.34M |
| 2026-02 | −$8.61M |
| 2026-01 | −$10.83M |
C000017830 Debt Constituents
Largest debt holdings of Brighthouse/Wellington Balanced Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 1.78% |
| United States Treasury | 1.11% |
| United States Treasury | 0.97% |
| United States Treasury | 0.88% |
| United States Treasury | 0.85% |
| United States Treasury | 0.67% |
| United States Treasury | 0.60% |
| United States Treasury | 0.58% |
| United States Treasury | 0.54% |
| United States Treasury | 0.52% |
C000017830 Prospectus and SEC Filings
Official Brighthouse/Wellington Balanced 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 Balanced 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.