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BHYIX BlackRock High Yield Bond Instl

  • Fund
  • BHYIX
  • Price as of: Sep 16, 2019
  • $7.71 + $0.01 + 0.13%

BHYIX - Profile

Vitals

  • YTD Return 8.0%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $16.1 B
  • Holdings in Top 10 9.8%

52 WEEK LOW AND HIGH

$7.71
$7.09
$7.71

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.61%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 90.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 8.0%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.49%
DIVIDENDS
  • Dividend Yield 2.9%
  • 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 Inst
  • Currency USD
  • Domiciled Country United States
  • Manager James Keenan

Fund Description

The fund invests primarily in non-investment grade bonds with maturities of ten years or less. It normally invests at least 80% of its assets in high yield bonds. The fund may invest up to 30% of its assets in non-dollar denominated bonds of issuers located outside of the United States. Its investment in non-dollar denominated bonds may be on a currency hedged or unhedged basis. The fund may also invest in convertible and preferred securities.

BHYIX - Performance

Return Ranking - Trailing

Period BHYIX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.0% 0.0% 22.3% 24.58%
1 Yr 0.5% -5.9% 4.6% 42.55%
3 Yr N/A* -3.3% 2.2% N/A
5 Yr N/A* -12.2% 2.9% N/A
10 Yr N/A* -4.5% 2.5% N/A

* Annualized


Return Ranking - Calendar

Period BHYIX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -17.1% -1.8% N/A
2017 N/A -5.7% 4.8% N/A
2016 N/A 1.1% 13.0% N/A
2015 N/A -17.8% 9.9% N/A
2014 N/A -45.8% 27.7% N/A

Total Return Ranking - Trailing

Period BHYIX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.0% 0.0% 22.3% 27.75%
1 Yr 0.5% -4.8% 7.0% 55.72%
3 Yr N/A* -1.4% 6.0% N/A
5 Yr N/A* -12.2% 4.8% N/A
10 Yr N/A* -4.5% 8.2% N/A

* Annualized


Total Return Ranking - Calendar

Period BHYIX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -17.1% 0.4% N/A
2017 N/A -5.1% 8.1% N/A
2016 N/A 1.1% 20.7% N/A
2015 N/A -17.8% 11.7% N/A
2014 N/A -45.8% 27.7% N/A

NAV & Total Return History

BHYIX - Holdings

Concentration Analysis

BHYIX Category Low Category High BHYIX % Rank
Net Assets 16.1 B 1.01 M 25.6 B 4.19%
Number of Holdings 1296 5 1538 0.63%
Net Assets in Top 10 1.65 B 67 K 2.04 B 0.84%
Weighting of Top 10 9.75% 4.8% 127.9% 52.62%

Top 10 Holdings

  1. iShares iBoxx $ High Yield Corp Bd ETF 1.99%

  2. TransDigm, Inc. 6.25% 1.94%

  3. Ally Financial Inc. 8% 0.95%

  4. Refinitiv Us Hold/Thomson & Reuter Tl-B 0.82%

  5. Clear Channel Worldwide Holdings Inc. 9.25% 0.78%

  6. Solera, LLC / Solera Finance, Inc. 10.5% 0.75%

  7. Infor (US), Inc. 6.5% 0.68%

  8. SPDR® Blmbg Barclays High Yield Bd ETF 0.66%

  9. Centene Escrow I Corporation 5.38% 0.60%

  10. 1011778 B.C. Unlimited Liability Company / New Red Finance, Inc. 5% 0.59%


Asset Allocation

Weighting Return Low Return High BHYIX % Rank
Bonds
96.61% 85.55% 109.78% 18.87%
Stocks
1.08% -12.26% 7.84% 18.45%
Cash
0.86% 0.00% 13.02% 92.66%
Convertible Bonds
0.64% 0.00% 4.91% 36.27%
Preferred Stocks
0.60% 0.00% 4.90% 11.53%
Other
0.21% -5.06% 6.84% 8.81%

Stock Sector Breakdown

Weighting Return Low Return High BHYIX % Rank
Consumer Cyclical
0.52% 0.00% 3.46% 11.17%
Basic Materials
0.46% 0.00% 1.46% 3.72%
Real Estate
0.10% 0.00% 1.19% 6.12%
Utilities
0.00% 0.00% 1.07% 53.99%
Technology
0.00% 0.00% 3.03% 49.20%
Industrials
0.00% 0.00% 1.28% 58.78%
Healthcare
0.00% 0.00% 0.74% 53.72%
Financial Services
0.00% 0.00% 0.56% 45.48%
Energy
0.00% 0.00% 1.48% 66.49%
Communication Services
0.00% 0.00% 0.72% 51.33%
Consumer Defense
0.00% 0.00% 1.60% 45.74%

Stock Geographic Breakdown

Weighting Return Low Return High BHYIX % Rank
US
0.91% -13.37% 7.65% 23.48%
Non US
0.17% 0.00% 1.27% 13.00%

Bond Sector Breakdown

Weighting Return Low Return High BHYIX % Rank
Corporate
96.66% 60.48% 110.34% 18.66%
Securitized
1.15% 0.00% 8.55% 10.48%
Cash & Equivalents
0.93% 0.00% 13.02% 88.89%
Government
0.01% -4.81% 32.38% 22.01%
Municipal
0.00% 0.00% 2.88% 41.93%
Derivative
-0.04% -3.96% 3.93% 92.45%

Bond Geographic Breakdown

Weighting Return Low Return High BHYIX % Rank
US
78.06% 70.04% 97.19% 63.52%
Non US
18.55% 0.00% 18.61% 2.52%

BHYIX - Expenses

Operational Fees

BHYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.61% 0.00% 18.62% 91.68%
Management Fee 0.41% 0.00% 1.35% 9.22%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.06% 0.01% 0.45% 24.02%

Sales Fees

BHYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

BHYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

BHYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 90.00% 0.34% 1218.00% 84.96%

BHYIX - Distributions

Dividend Yield Analysis

BHYIX Category Low Category High BHYIX % Rank
Dividend Yield 2.91% 0.00% 9.18% 44.44%

Dividend Distribution Analysis

BHYIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

BHYIX Category Low Category High BHYIX % Rank
Net Income Ratio 5.49% 1.27% 7.22% 32.41%

Capital Gain Distribution Analysis

BHYIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

BHYIX - Managers

James Keenan

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2007

11.67

11.7%

Mr. Keenan is a Managing Director of BlackRock, Inc. since 2008 and Head of the Leveraged Finance Portfolio Team;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.


Mitchell S. Garfin

Manager

Start Date

Tenure

Tenure Rank

May 08, 2009

10.32

10.3%

Managing Director of BlackRock, Inc. since 2009; Director of BlackRock, Inc. from 2005 to 2008.


Derek Schoenhofen

Manager

Start Date

Tenure

Tenure Rank

May 08, 2009

10.32

10.3%

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


David Delbos

Manager

Start Date

Tenure

Tenure Rank

Mar 20, 2014

5.45

5.5%

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


Tenure Analysis

Category Low

0.0

Category High

35.04

Category Average

6.35

Category Mode

0.0