BHYIX: BlackRock High Yield Bond Instl

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BHYIX BlackRock High Yield Bond Instl

  • Fund
  • BHYIX
  • Price as of: Jan 17, 2020
  • $7.80
    - $0.00 - 0.00%

Profile

BHYIX - Profile

Vitals

  • YTD Return 0.4%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $18.1 B
  • Holdings in Top 10 8.7%

52 WEEK LOW AND HIGH

$7.80
$7.37
$7.80

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.60%

SALES FEES

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

BROKERAGE FEES

  • Turnover 102.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.89%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock High Yield Bond Portfolio Institutional Shares
  • 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.


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Performance

BHYIX - Performance

Return Ranking - Trailing

Period BHYIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -0.1% 1.6% 58.06%
1 Yr 5.4% -0.8% 28.4% 45.43%
3 Yr N/A* -4.8% 7.8% 1.46%
5 Yr N/A* -3.0% 7.4% 3.79%
10 Yr N/A* -5.0% 9.0% 0.87%

* Annualized

Return Ranking - Calendar

Period BHYIX Return Category Return Low Category Return High Rank in Category (%)
2019 8.8% 0.0% 23.9% 28.03%
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 -20.6% 9.9% N/A

Total Return Ranking - Trailing

Period BHYIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -0.1% 1.6% 58.06%
1 Yr 5.4% -0.8% 28.4% 46.31%
3 Yr N/A* -4.8% 7.8% 1.95%
5 Yr N/A* -3.0% 7.4% 4.07%
10 Yr N/A* -5.0% 9.0% 0.87%

* Annualized

Total Return Ranking - Calendar

Period BHYIX Return Category Return Low Category Return High Rank in Category (%)
2019 8.8% 0.0% 23.9% 31.39%
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 -20.6% 11.7% N/A

NAV & Total Return History


Holdings

BHYIX - Holdings

Concentration Analysis

BHYIX Category Low Category High BHYIX % Rank
Net Assets 18.1 B 1.02 M 26.6 B 0.88%
Number of Holdings 1295 5 1577 0.88%
Net Assets in Top 10 1.52 B -420 M 2.07 B 1.10%
Weighting of Top 10 8.72% 4.5% 129.0% 65.12%

Top 10 Holdings

  1. TransDigm, Inc. 6.25% 2.02%
  2. iShares iBoxx $ High Yield Corp Bd ETF 2.00%
  3. Infor (US), Inc. 6.5% 0.68%
  4. Solera, LLC / Solera Finance, Inc. 10.5% 0.65%
  5. Ally Financial Inc. 8% 0.61%
  6. Frontier Communications Corporation 8% 0.57%
  7. ALTICE FRANCE S.A 7.38% 0.56%
  8. Crimson Merger Sub Inc / Ortho-Clinical Diagnostics SA 6.62% 0.54%
  9. Clear Channel Outdoor Holdings Inc 5.12% 0.54%
  10. SPDR® Blmbg BarclaysST HY Bd ETF 0.54%

Asset Allocation

Weighting Return Low Return High BHYIX % Rank
Bonds
98.59% 84.98% 134.42% 5.08%
Stocks
1.06% -12.70% 8.94% 22.74%
Convertible Bonds
0.64% 0.00% 4.81% 30.91%
Preferred Stocks
0.51% 0.00% 5.14% 13.25%
Other
0.05% -9.69% 6.34% 21.63%
Cash
-0.85% -36.19% 20.61% 97.79%

Stock Sector Breakdown

Weighting Return Low Return High BHYIX % Rank
Basic Materials
49.40% 0.00% 100.00% 7.04%
Consumer Cyclical
15.69% 0.00% 100.00% 27.46%
Healthcare
11.38% 0.00% 56.11% 15.85%
Real Estate
10.72% 0.00% 77.64% 8.80%
Communication Services
7.19% 0.00% 100.00% 30.28%
Industrials
5.56% 0.00% 100.00% 29.58%
Financial Services
0.04% 0.00% 100.00% 27.46%
Technology
0.01% 0.00% 36.09% 32.04%
Utilities
0.00% 0.00% 100.00% 48.59%
Energy
0.00% 0.00% 100.00% 76.06%
Consumer Defense
0.00% 0.00% 21.31% 39.79%

Stock Geographic Breakdown

Weighting Return Low Return High BHYIX % Rank
US
0.87% -12.70% 8.94% 26.27%
Non US
0.19% 0.00% 2.95% 5.08%

Bond Sector Breakdown

Weighting Return Low Return High BHYIX % Rank
Corporate
98.18% 74.83% 100.00% 14.79%
Securitized
0.97% 0.00% 11.00% 12.80%
Cash & Equivalents
0.79% 0.00% 18.79% 91.83%
Derivative
0.06% 0.00% 9.97% 20.97%
Municipal
0.00% 0.00% 0.30% 33.11%
Government
0.00% 0.00% 22.27% 52.32%

Bond Geographic Breakdown

Weighting Return Low Return High BHYIX % Rank
US
78.96% 70.98% 112.31% 56.73%
Non US
19.63% 0.00% 25.42% 1.10%

Expenses

BHYIX - Expenses

Operational Fees

BHYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.13% 20.17% 92.04%
Management Fee 0.41% 0.00% 1.44% 8.44%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.06% 0.01% 0.30% 26.32%

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

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 102.00% 0.34% 623.00% 87.97%

Distributions

BHYIX - Distributions

Dividend Yield Analysis

BHYIX Category Low Category High BHYIX % Rank
Dividend Yield 0.91% 0.00% 4.06% 74.83%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

BHYIX Category Low Category High BHYIX % Rank
Net Income Ratio 5.89% 1.57% 9.34% 15.11%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

BHYIX - Fund Manager Analysis

Managers

James Keenan


Start Date

Tenure

Tenure Rank

Dec 31, 2007

12.01

12.0%

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 Garfin


Start Date

Tenure

Tenure Rank

May 08, 2009

10.65

10.7%

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

Derek Schoenhofen


Start Date

Tenure

Tenure Rank

May 08, 2009

10.65

10.7%

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

David Delbos


Start Date

Tenure

Tenure Rank

Mar 20, 2014

5.79

5.8%

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 Category High Category Average Category Mode
0.24 35.38 6.42 5.25