BlackRock Ultra-Short Term Bond Portfolio
Data updated: 2026-08-27
C000017864 — BlackRock Ultra-Short Term Bond Portfolio. Leveraged · $700.72M AUM · 0.37% expense ratio. Holdings, fees, performance and SEC filings.
C000017864 Fund Overview
BlackRock Ultra-Short Term Bond Portfolio is a US mutual fund managed by Brighthouse Funds Trust II, categorised as Leveraged. 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: Leveraged
- Assets under management: $700.72M
- 1-year return: 3.8%
- SEC CIK: 0000710826
- SEC series ID: S000006534
- Share class ID: C000017864
C000017864 Investment Objective and Strategy
BlackRock Ultra-Short Term Bond Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Brighthouse Funds Trust II.
Investment objective
High level of current income consistent with preservation of capital.
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, which includes money market instruments. The Portfolio may invest in the highest quality short-term money market instruments and in U.S. Government Securities (e.g., obligations of the U.S. Government or its agencies or instrumentalities). The Portfolio may also invest in commercial paper and asset-backed securities, including private placement transactions. The Portfolio also may invest in U.S. dollar-denominated securities issued by foreign companies or banks or their U.S. affiliates. The Portfolio may invest all of its assets in any one type of security. The Portfolio may also invest in repurchase agreements.
The Portfolio concentrates its investments in obligations of domestic banks, including foreign branches of U.S. banks guaranteed by a U.S. bank, and U.S. branches of foreign banks. The Portfolio expects that investments in such obligations will consist principally of obligations that are issued by U.S. branches of foreign banks for sale in the United States. The Portfolio also may invest up to 25% of its total assets in obligations of foreign banks located abroad and obligations of foreign branches of domestic banks not having a guarantee of a U.S. bank. The Portfolio is not a money market fund and does not seek to maintain a stable net asset value of $1.00 per share. Accordingly, the Portfolio is not required to be managed in accordance with the credit quality, liquidity, diversification or other limitations imposed on money market funds by applicable law.
Investment Selection The Portfolio invests in short-term U.S. Government Securities and corporate and asset-backed securities rated, at the time of purchase, in the highest rating category by any two of Standard & Poors, Moodys, or any other nationally recognized rating services (or by one rating service if only one such rating service has rated the security). The Portfolio may also invest in unrated securities determined by BlackRock to be of comparable quality. Such securities include short-term corporate debt securities such as commercial paper, asset-backed securities, bank certificates of deposit, bankers acceptances and master demand notes. Under normal circumstances, the Portfolio will invest primarily in fixed and floating-rate securities maturing in 397 days or less from the date of purchase and the dollar-weighted average maturity of the Portfolios investments as calculated by BlackRock is expected to be 60 days or less.
C000017864 Holdings
Top 10 holdings of BlackRock Ultra-Short Term Bond Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Bank of America NA | 13.27% |
| JPMorgan Securities LLC | 12.99% |
| Toronto Dominion | 10.70% |
| Verto Capital Compartment B | 2.85% |
| BNP Paribas SA/New York NY | 1.57% |
| Landesbank Baden-Wuerttemberg/New York NY | 1.43% |
| Korea Development Bk Ny | 0.92% |
| Ridgefield Funding Co LLC | 0.86% |
| Royal Bank Of Canada | 0.86% |
| Bedford Row Funding Corp | 0.86% |
C000017864 Portfolio Allocation
Asset-class allocation of BlackRock Ultra-Short Term Bond Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 98.8% |
| Fixed Income | 0.7% |
C000017864 Performance
Total returns for C000017864 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.7% |
| 1 year | 3.8% |
| 3 years (annualised) | 4.6% |
| 5 years (annualised) | 3.5% |
C000017864 Risk Information
Risk metrics for C000017864, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.1%
C000017864 Costs and Fees
C000017864 costs about $37 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.37%
- Gross expense ratio: 0.40%
- Portfolio turnover: 0%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000017864 Cashflows
Over the 12 months to 2026-06, BlackRock Ultra-Short Term Bond Portfolio had net outflows of $68.77M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $15.85M |
| 2026-05 | −$5.47M |
| 2026-04 | −$11.84M |
| 2026-03 | −$32.99M |
| 2026-02 | $581.17K |
| 2026-01 | −$3.18M |
C000017864 Debt Constituents
Largest debt holdings of BlackRock Ultra-Short Term Bond Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Bank of America NA | 0.43% |
| Toronto Dominion Bank Ny | 0.29% |
C000017864 Prospectus and SEC Filings
Official BlackRock Ultra-Short Term Bond 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 Leveraged 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.