Brighthouse Asset Allocation 40 Portfolio
Actively managed U.S. stock fund
As of its 2026 Q2 report, Brighthouse Asset Allocation 40 Portfolio held 38 positions with $2.96B in net assets. Its ten largest holdings made up 59.8% of the fund. Its share classes cost 0.66%–0.91% a year. Over the 12 months to May 2026, it returned 12.6%, with dividends reinvested. In 2026 Q2 it added no new positions and exited none.
High total return in the form of income and growth of capital, with a greater emphasis on income.
The fund invests substantially all assets in Class A shares of underlying portfolios managed by Brighthouse Investment Advisers, maintaining a target allocation of 60% fixed income and 40% equity across U.S. investment-grade bonds, high-yield debt, foreign fixed income, U.S. large-cap stocks, and foreign equities. The adviser establishes and periodically adjusts these target allocations based on long-term return and risk models, selecting underlying portfolios that align with those targets. Because the fund's actual equity and fixed-income exposures depend on the underlying portfolios' holdings and market valuations, allocations may deviate substantially from targets.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
BRIGHTHOUSE FDS TR II | 10.29% | $304.91M | 3.5M | $88.02 |
BRIGHTHOUSE FDS TR I | 10.03% | $297.02M | 30.2M | $9.82 |
BRIGHTHOUSE FDS TR II | 8.28% | $245.29M | 23.7M | $10.37 |
BRIGHTHOUSE FDS TR I | 7.78% | $230.45M | 27.1M | $8.51 |
BRIGHTHOUSE FDS TR I | 5.27% | $156.11M | 15.6M | $10.01 |
BRIGHTHOUSE FDS TR I | 4.26% | $126.28M | 14.2M | $8.88 |
BRIGHTHOUSE FDS TR II | 3.78% | $112.06M | 8.4M | $13.34 |
BRIGHTHOUSE FDS TR II | 3.53% | $104.44M | 10.3M | $10.12 |
BRIGHTHOUSE FDS TR II | 3.30% | $97.79M | 3.9M | $24.90 |
BRIGHTHOUSE FDS TR I | 3.27% | $96.99M | 7.5M | $12.87 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 38 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 40.94% |
| Bonds | 37.95% |
| Securitized | 25.30% |
| Loans | 2.30% |
| 3 smaller | 2.55% |
Look-through blends 37 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
How it has done
C000017809 share class · total returns with dividends reinvested
Volatility over the last 12 months: 6.39%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.
Fees & fund details
Brighthouse Asset Allocation 40 Portfolio is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
- Expense ratio, by class
- 0.66% – 0.91%
- Portfolio turnover
- 10.00% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
0 new
0 exited
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