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BHYAX BlackRock High Yield Bond Inv A

  • Fund
  • BHYAX
  • Price as of: Dec 06, 2016
  • $7.60
  • + $0.02
  • + 0.26%
  • Category
  • High Yield Bonds

BHYAX - Profile

Vitals

  • YTD Return 6.6%
  • 3 Yr Annualized Return 3.4%
  • 5 Yr Annualized Return 7.4%
  • Net Assets $18.7 B
  • Holdings in Top 10 9.0%

52 WEEK LOW AND HIGH

$7.60
$6.76
$7.66

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.93%

SALES FEES

  • Front Load 4.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 70.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$100

Investment Themes

CATEGORY

High Yield Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Distributions

  • YTD Total Return 6.6%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 6.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.75%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name BlackRock High Yield Bond Portfolio
  • Fund Family Name BlackRock
  • Inception Date Nov 19, 1998
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager James Keenan

BHYAX - Performance

Return Ranking - Trailing

Period BHYAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.6% -30.0% 28.3% 31.98% 3
1 Yr 6.2% -30.5% 20.2% 56.41% 3
3 Yr 3.4% * -12.4% 7.2% 27.82% 2
5 Yr 7.4% * -12.6% 9.3% 10.46% 1
10 Yr 7.0% * -12.0% 12.4% 8.23% 1

* Annualized


Return Ranking - Calendar

Period BHYAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -9.5% -34.3% 1.0% 40.67% 4
2014 -4.0% -21.7% 10.4% 28.77% 3
2013 1.5% -16.9% 31.6% 13.12% 1
2012 9.5% -18.5% 17.6% 9.52% 1
2011 -3.5% -18.8% 6.8% 30.64% 3

Total Return Ranking - Trailing

Period BHYAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.6% -30.0% 36.7% 45.63% 3
1 Yr 4.1% -30.5% 20.2% 67.54% 4
3 Yr 2.0% * -12.4% 7.2% 58.52% 3
5 Yr 6.5% * -12.6% 9.3% 32.19% 2
10 Yr 6.4% * -12.0% 12.4% 24.44% 2

* Annualized


Total Return Ranking - Calendar

Period BHYAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -9.0% -30.4% 4.6% 51.20% 4
2014 -2.3% -18.4% 10.4% 39.86% 3
2013 3.0% -16.9% 55.9% 37.07% 2
2012 10.3% -18.5% 33.1% 33.33% 2
2011 -3.4% -18.8% 11.9% 47.74% 4

NAV & Total Return History

BHYAX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

BHYAX Category Low Category High BHYAX % Rank Quintile
Net Assets 18.7 B 2.52 M 20.6 B 0.31% 1
Number of Holdings 1424 1 1424 0.15% 1
Net Assets in Top 10 1.7 B -32.2 M 3.63 B 0.46% 1
Weighting of Top 10 9.0% 0.0% 100.0% 23.31% 4

Top 10 Holdings

  1. Blackstone Cqp Holdco 144A 9.296% 0.91%
  2. Gmac 8% 0.82%
  3. Ngpl Pipeco 144A 7.119% 0.89%
  4. First Data 144A 7% 0.89%
  5. First Data Corp New 144A 5.75% 0.82%
  6. Sprint Nextel 144A 9% 0.82%
  7. Caesars Entertainment Resort Prope Tl-B 0.77%
  8. American Capital Ltd 0.82%
  9. SPDR® Blmbg Barclays High Yield Bd ETF 0.96%
  10. iShares iBoxx $ High Yield Corporate Bd 1.33%

Asset Allocation

Weighting Category Low Category High BHYAX % Rank Quintile
Bonds
95.78% -9.44% 107.80% 6.29% 1
Stocks
3.23% 0.00% 99.11% 3.07% 1
Other
2.04% -11.89% 38.60% 9.36% 2
Preferred Stocks
0.88% 0.00% 18.78% 7.67% 1
Convertible Bonds
0.76% 0.00% 18.92% 8.13% 2
Cash
-2.69% -11.47% 109.44% 30.21% 5

Stock Sector Breakdown

Weighting Category Low Category High BHYAX % Rank Quintile
Financial Services
2.16% 0.00% 16.12% 1.02% 1
Consumer Cyclical
0.16% 0.00% 16.04% 7.94% 2
Communication Services
0.14% -0.06% 9.11% 4.28% 1
Basic Materials
0.05% 0.00% 1.80% 6.52% 2
Energy
0.04% 0.00% 12.30% 8.76% 3
Industrials
0.03% 0.00% 15.79% 6.52% 2
Real Estate
0.00% 0.00% 8.20% 5.30% 5
Healthcare
0.00% 0.00% 21.24% 6.52% 5
Consumer Defense
0.00% -0.12% 5.43% 5.70% 5
Technology
0.00% 0.00% 25.59% 5.91% 5
Utilities
0.00% -0.07% 6.44% 5.30% 5

Stock Geographic Breakdown

Weighting Category Low Category High BHYAX % Rank Quintile
US
2.94% 0.00% 83.03% 2.91% 1
Non US
0.29% -0.01% 52.07% 4.45% 1

Bond Sector Breakdown

Weighting Category Low Category High BHYAX % Rank Quintile
Corporate
93.76% 0.00% 101.98% 7.67% 2
Securitized
3.05% 0.00% 68.94% 4.14% 1
Derivative
0.00% -19.62% 9.44% 3.99% 5
Government
0.00% -9.04% 51.73% 21.01% 5
Municipal
0.00% 0.00% 100.00% 4.29% 5
Cash & Equivalents
-2.56% -7.60% 100.00% 30.98% 5

Bond Geographic Breakdown

Weighting Category Low Category High BHYAX % Rank Quintile
US
74.61% -9.44% 100.00% 16.72% 3
Non US
21.17% 0.00% 46.20% 7.67% 1

BHYAX - Expenses

Operational Fees

BHYAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.93% 0.00% 3.69% 20.89% 2
Management Fee 0.41% 0.12% 1.00% 6.13% 1
12b-1 Fee 0.25% 0.00% 1.00% 3.77% 3
Administrative Fee 0.06% 0.00% 0.45% 6.45% 2

Sales Fees

BHYAX Fees (% of AUM) Category Low Category High BHYAX Rank Quintile
Front Load 4.00% 2.00% 5.75% 4.80% 2
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

BHYAX Fees (% of AUM) Category Low Category High BHYAX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BHYAX Fees (% of AUM) Category Low Category High BHYAX Rank Quintile
Turnover 70.00% 7.20% 2247.00% 7.37% 4

BHYAX - Distributions

Dividend Yield Analysis

BHYAX Category Low Category High BHYAX % Rank Quintile
Dividend Yield 0.5% 0.00% 6.16% 28.46% 3

Dividend Distribution Analysis

BHYAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

BHYAX Category Low Category High BHYAX % Rank Quintile
Net Income Ratio 4.75% -2.75% 9.92% 29.65% 4

Capital Gain Distribution Analysis

BHYAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

BHYAX - Managers

James Keenan

Manager

Start Date

Dec 31, 2007

Tenure

8.92

Tenure Rank

6.8%

Mr. Keenan is a director of and portfolio manager and trader with BlackRock, and is a member of BlackRock's Fixed Income Portfolio Management Group. Prior to joining BlackRock in 2004, He was a senior high yield trader at Columbia Management Group from 2003 to 2004. Mr. Keenan began his investment career at UBS Global Asset Management where he held roles as a trader, research analyst and a portfolio analyst from 1998 through 2003. Mr. Keenan holds the Chartered Financial Analyst designation.


David Delbos

Manager

Start Date

Mar 20, 2014

Tenure

2.7

Tenure Rank

15.7%

Managing Director of BlackRock, Inc. since 2012; Director of BlackRock, Inc. from 2007 to 2011; Vice President of BlackRock, Inc. from 2005 to 2006.


Mitchell S. Garfin

Manager

Start Date

May 08, 2009

Tenure

7.57

Tenure Rank

8.1%

Managing Director of BlackRock since 2007; Portfolio manager at BlackRock since 2005; Credit research analyst in BlackRock’s Portfolio Management Group from 2000 to 2005.


Derek Schoenhofen

Manager

Start Date

May 08, 2009

Tenure

7.57

Tenure Rank

8.1%

Director of BlackRock since 2006; Member of BlackRock’s Portfolio Management Group from 2000 to 2006.


Tenure Analysis

Category Low

0.0

Category High

56.5

Category Average

6.41

Category Mode

4.8