BRIGHTHOUSE FUNDS TRUST II
SUPPLEMENT DATED JULY 20, 2026
TO THE
SUMMARY PROSPECTUS,
PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION, EACH
DATED APRIL 27, 2026, AS SUPPLEMENTED
Brighthouse/Wellington Core Equity Opportunities Portfolio
Effective immediately, Timothy J. Casaletto and G. Thomas Levering, will serve as co-portfolio managers of Brighthouse/Wellington Core Equity Opportunities Portfolio (the “Portfolio”). As of April 30, 2026, Messrs. Casaletto and Levering did not beneficially own any equity securities of the Portfolio. Effective immediately, Mr. Fisher will no longer serve as portfolio manager of the Portfolio. Effective immediately, all references to Mr. Fisher in the Summary Prospectus, Prospectus and Statement of Additional Information (“SAI”) of the Portfolio are deleted. The following changes are made to the Summary Prospectus, Prospectus and SAI of the Portfolio.
Effective immediately, in the Portfolio Summary of the Summary Prospectus and the Prospectus, the subsection entitled “Portfolio Managers” of the section entitled “Management” is deleted in its entirety and replaced with the following:
Portfolio Managers.
Timothy J. Casaletto, CFA, Managing Director and Portfolio Manager of Wellington Management, has co-managed the Portfolio since July 2026. G. Thomas Levering, Senior Managing Director, Partner, Global Industry Analyst, and Portfolio Manager of Wellington Management, has co-managed the Portfolio since July 2026.
Effective immediately, in the section entitled “Additional Information About Management – The Subadviser” of the Prospectus, the following paragraph is added following the fourth paragraph of the section:
Timothy J. Casaletto, CFA, Managing Director and Portfolio Manager of Wellington Management, has served as a Portfolio Manager of the Portfolio since July 2026. Mr. Casaletto joined Wellington Management as an investment professional in 2014.
G. Thomas Levering, Senior Managing Director, Partner, Global Industry Analyst, and Portfolio Manager of Wellington Management, has served as a Portfolio Manager of the Portfolio since July 2026. Mr. Levering joined Wellington Management as investment professional in 2000.
Effective immediately, in the Portfolio’s “Other Accounts Managed” table in Appendix C of the SAI, the following information with respect to Messrs. Casaletto and Levering is added immediately following the information included therein with respect to Mr. Fitzgerald:  
Name of Portfolio Manager
and Portfolio(s) Managed
Other Accounts Managed
Accounts with respect to which
the advisory fee is
based on the performance of the
account
Category of Account
Number of
Accounts in
Category
Total Assets in
Accounts in
Category
Number of
Accounts in
Category
Total Assets
in Accounts
in Category
Timothy J. Casaletto, CFA2,
Brighthouse/Wellington Core
Equity Opportunities Portfolio
Registered Investment Companies
0
N/A
0
N/A
Other Pooled Investment Vehicles
0
N/A
0
N/A
Other Accounts
0
N/A
0
N/A
G. Thomas Levering2,
Brighthouse/Wellington Core
Equity Opportunities Portfolio
Registered Investment Companies
20
$10,299,344,179
3
$8,154,211,629
Other Pooled Investment Vehicles
38
$5,524,594,441
16
$4,486,802,811
Other Accounts
67
$818,245,409
8
$165,859,014
2 Other accounts managed information is as of April 30, 2026.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH
THE SUMMARY PROSPECTUS, PROSPECTUS AND THE STATEMENT OF
ADDITIONAL INFORMATION FOR FUTURE REFERENCE