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BHYAX BlackRock High Yield Bond Inv A

  • Fund
  • BHYAX
  • Price as of: Aug 08, 2016
  • $7.53
  • + $0.01
  • + 0.13%
  • Category
  • High Yield Bonds

BHYAX - Profile

Vitals

  • YTD Return 5.6%
  • 3 Yr Annualized Return 3.8%
  • 5 Yr Annualized Return 5.8%
  • Net Assets $18.3 B
  • Holdings in Top 10 8.4%

52 WEEK LOW AND HIGH

$7.53
$6.76
$7.60

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 5.6%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return 5.0%
  • 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 5.6% -30.0% 20.5% 39.09% 3
1 Yr 1.4% -30.5% 10.8% 70.20% 4
3 Yr 3.8% * -11.3% 8.2% 32.08% 2
5 Yr 5.8% * -12.9% 7.6% 18.20% 1
10 Yr 7.1% * -12.2% 12.4% 15.19% 1

* Annualized


Return Ranking - Calendar

Period BHYAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -9.5% -34.3% 7.2% 44.93% 4
2014 N/A -5.0% -1.0% N/A N/A
2013 N/A -1.3% 3.8% N/A N/A
2012 N/A 7.4% 9.6% N/A N/A
2011 N/A -8.1% -0.2% N/A N/A

Total Return Ranking - Trailing

Period BHYAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.6% -30.0% 20.5% 40.10% 3
1 Yr -2.7% -30.5% 10.2% 84.64% 5
3 Yr 2.4% * -11.3% 8.2% 64.32% 4
5 Yr 5.0% * -12.9% 7.6% 41.88% 3
10 Yr 6.7% * -12.2% 12.4% 29.48% 2

* Annualized


Total Return Ranking - Calendar

Period BHYAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -9.5% -34.3% 7.2% 44.54% 4
2014 N/A -4.8% -0.6% N/A N/A
2013 N/A -1.3% 4.5% N/A N/A
2012 N/A 7.4% 10.4% N/A N/A
2011 N/A -7.8% -0.2% N/A N/A

NAV & Total Return History

BHYAX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

BHYAX Category Low Category High BHYAX % Rank Quintile
Net Assets 18.3 B 859 K 19.6 B 0.31% 1
Number of Holdings 1294 1 1294 0.15% 1
Net Assets in Top 10 1.41 B -32.2 M 3.99 B 0.61% 1
Weighting of Top 10 8.4% 0.0% 100.0% 25.61% 4

Top 10 Holdings

  1. Blackstone Cqp Holdco 144A 9.296% 0.97%
  2. Gmac 8% 0.86%
  3. Ngpl Pipeco 144A 7.119% 0.97%
  4. First Data 144A 7% 0.94%
  5. Sprint Nextel 144A 9% 0.85%
  6. First Data Corp New 144A 5.75% 0.80%
  7. Numericable Grp Sa 144A 7.375% 0.74%
  8. American Capital Ltd 0.86%
  9. Ligado Networks Llc (New Lightsqua Tl 0.69%
  10. Clear Channel Ww Hldgs 6.5% 0.68%

Asset Allocation

Weighting Category Low Category High BHYAX % Rank Quintile
Bonds
90.91% -5.63% 107.80% 16.56% 3
Other
2.98% -34.84% 38.60% 5.98% 1
Stocks
2.42% 0.00% 99.05% 3.68% 1
Cash
1.81% -11.47% 133.84% 25.15% 5
Preferred Stocks
1.02% 0.00% 12.41% 7.21% 2
Convertible Bonds
0.85% 0.00% 18.92% 5.83% 1

Stock Sector Breakdown

Weighting Category Low Category High BHYAX % Rank Quintile
Financial Services
1.04% 0.00% 16.69% 2.97% 1
Consumer Cyclical
0.20% 0.00% 17.17% 8.47% 2
Communication Services
0.13% -0.05% 9.22% 4.66% 1
Energy
0.10% 0.00% 11.08% 6.99% 2
Basic Materials
0.05% 0.00% 2.68% 5.08% 2
Industrials
0.01% 0.00% 13.93% 6.14% 2
Real Estate
0.00% 0.00% 7.16% 5.08% 5
Healthcare
0.00% 0.00% 24.74% 5.93% 5
Consumer Defense
0.00% -0.14% 5.89% 5.51% 5
Technology
0.00% -0.01% 24.70% 5.72% 5
Utilities
0.00% -0.08% 7.62% 4.87% 5

Stock Geographic Breakdown

Weighting Category Low Category High BHYAX % Rank Quintile
US
2.00% -0.04% 81.88% 3.83% 1
Non US
0.42% -0.01% 53.49% 2.45% 1

Bond Sector Breakdown

Weighting Category Low Category High BHYAX % Rank Quintile
Corporate
88.67% 0.00% 101.98% 15.03% 3
Securitized
2.79% 0.00% 68.88% 4.45% 1
Cash & Equivalents
1.97% -7.60% 133.84% 24.54% 5
Government
0.24% -6.62% 39.91% 20.09% 5
Municipal
0.00% 0.00% 99.16% 3.68% 5
Derivative
-0.04% -19.62% 5.63% 4.29% 5

Bond Geographic Breakdown

Weighting Category Low Category High BHYAX % Rank Quintile
US
68.39% -5.63% 100.00% 22.55% 4
Non US
22.52% 0.00% 45.22% 5.83% 1

BHYAX - Expenses

Operational Fees

BHYAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.93% 0.00% 7.85% 20.89% 2
Management Fee 0.41% 0.12% 1.00% 5.98% 1
12b-1 Fee 0.25% 0.00% 1.00% 3.77% 3
Administrative Fee 0.04% 0.00% 0.45% 7.26% 1

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% 7.22% 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% 8.95% 27.19% 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

8.59

Tenure Rank

5.7%

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

2.37

Tenure Rank

12.6%

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

7.24

Tenure Rank

6.8%

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

7.24

Tenure Rank

6.8%

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


Tenure Analysis

Category Low

0.0

Category High

56.2

Category Average

6.26

Category Mode

1.6