MetLife Aggregate Bond Index Portfolio
Brighthouse Funds Trust II
Fund classification
Classified from what the fund holds · as of 2026 Q2
MetLife Aggregate Bond Index Portfolio is a U.S. bond index fund that tracks the Bloomberg U.S. Aggregate Bond Index.
- Asset class
- Bonds
- Region
- United States
- Management
- Index (passive)
- Fund type
- Open-end fund
- Credit quality
- Investment grade
- Rate sensitivity
- Intermediate duration
Fund profile
As filed in the prospectus · 2026 Q2
To track the performance of the Bloomberg U.S. Aggregate Bond Index.
The fund seeks to track the Bloomberg U.S. Aggregate Bond Index through a stratified sample of investment-grade fixed-income securities selected by subadviser MetLife Investment Management. The sample is chosen to reflect the composite performance of the Index across U.S. Government securities, corporate debt, mortgage-backed securities, asset-backed securities, and other bonds included in the benchmark. Because the fund holds a sample rather than all Index constituents, its performance will diverge from the Index, and it may continue to hold securities no longer in the Index up to 20% of net assets.
| Share class | Gross | Net |
|---|---|---|
| C000017796 | 0.27% | 0.26% |
| C000017797 | 0.52% | 0.51% |
| C000017798 | 0.42% | 0.41% |
| C000075817 | 0.57% | 0.56% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 18.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 73.59% |
| Securitized | 25.29% |
| Cash & short-term | 8.77% |
These positions come to 107.65% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Government | 46.1% |
| Securitized | 23.5% |
| Other | 6.8% |
| Financials | 5.2% |
| 12 smaller | 18.4% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: United States Treasury ×4, TFDXX LEX BLACKROCK FED FUND, Barclays Capital Inc, MS GOVT US LEX, INVESCO GOVT AND AGCY LEX
Largest exited: United States Treasury ×6, Natwest Markets Securities Inc, VERTO CAPITAL I COMPARTMENT A
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are 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.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 99.4% |
| Floating rate | 0.6% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.6% |
| 1-3y | 21.2% |
| 3-5y | 15.6% |
| 5-10y | 19.9% |
| 10y+ | 42.8% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying a small fraction as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 75% |
| Credit spreads | 25% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +1.94 yr |
| High yield | +0.02 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.65 yr | 11% |
| 5 yr | 1.68 yr | 28% |
| 10 yr | 2.37 yr | 40% |
| 30 yr | 1.25 yr | 21% |
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.18 yr | 9% |
| 5 yr | 0.54 yr | 28% |
| 10 yr | 0.79 yr | 40% |
| 30 yr | 0.44 yr | 22% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.01 | +0.00 | +0.00 | $1.5k | $49 |
| 1 yr | +0.65 | +0.18 | +0.00 | $60.2k | $1.4k |
| 5 yr | +1.68 | +0.53 | +0.01 | $179.2k | $3.2k |
| 10 yr | +2.37 | +0.79 | +0.00 | $265.7k | $1.5k |
| 30 yr | +1.25 | +0.44 | +0.00 | $148.4k | $6 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | National Bank Of Canada | 1.42% | $48.00M | — |
| — | Freddie Mac2.00% · due 2051-04-01 | 1.09% | $36.87M | — |
| — | United States Treasury4.00% · due 2033-01-31 | 0.88% | $29.69M | — |
| — | United States Treasury3.88% · due 2028-03-31 | 0.74% | $24.88M | — |
| — | United States Treasury3.50% · due 2029-02-15 | 0.73% | $24.78M | — |
| TFDXX | TFDXX LEX BLACKROCK FED FUNDTFDXX | 0.71% | $24.00M | — |
| — | Fannie Mae2.50% · due 2051-06-01 | 0.60% | $20.42M | — |
| — | United States Treasury3.88% · due 2033-08-15 | 0.57% | $19.35M | — |
| — | United States Treasury1.25% · due 2031-08-15 | 0.56% | $18.84M | — |
| — | United States Treasury4.00% · due 2032-04-30 | 0.52% | $17.57M | — |
Top 10 positions are 7.83% of net assets, top 25 14.73%, across 483 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
Sign in free