BlackRock High Yield Bond Instl
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
-2.3%
1 yr return
5.9%
3 Yr Avg Return
8.9%
5 Yr Avg Return
6.3%
Net Assets
$23.6 B
Holdings in Top 10
10.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.62%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 119.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Investment Style
High Yield Bond
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
BHYIX - Profile
Distributions
- YTD Total Return -2.3%
- 3 Yr Annualized Total Return 8.9%
- 5 Yr Annualized Total Return 6.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 5.37%
- Dividend Yield 4.9%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBlackRock High Yield Bond Portfolio
-
Fund Family NameBlackRock
-
Inception DateNov 19, 1998
-
Shares Outstanding1752287537
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJames 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 | -2.3% | -69.1% | 10.5% | 76.57% |
| 1 Yr | 5.9% | -16.2% | 44.9% | 28.70% |
| 3 Yr | 8.9%* | -7.0% | 17.4% | 18.22% |
| 5 Yr | 6.3%* | -5.9% | 13.4% | 14.08% |
| 10 Yr | 7.0%* | 1.9% | 11.6% | 10.31% |
* Annualized
Return Ranking - Calendar
| Period | BHYIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2021 | 0.6% | -75.1% | 15.2% | 26.50% |
| 2020 | 0.3% | -56.9% | 399.1% | 42.48% |
| 2019 | 8.8% | -61.3% | 226.1% | 26.95% |
| 2018 | N/A | -49.0% | 2.0% | N/A |
| 2017 | N/A | -25.2% | 18.8% | N/A |
Total Return Ranking - Trailing
| Period | BHYIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -2.3% | -69.1% | 10.5% | 78.82% |
| 1 Yr | 5.9% | -18.7% | 52.4% | 25.66% |
| 3 Yr | 8.9%* | -7.0% | 16.3% | 16.41% |
| 5 Yr | 6.3%* | -5.9% | 12.7% | 15.29% |
| 10 Yr | 7.0%* | 1.9% | 11.6% | 9.55% |
* Annualized
Total Return Ranking - Calendar
| Period | BHYIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2021 | 0.6% | -75.1% | 15.2% | 26.76% |
| 2020 | 0.3% | -56.9% | 399.1% | 42.48% |
| 2019 | 8.8% | -61.3% | 23.9% | 29.39% |
| 2018 | N/A | -49.0% | 2.0% | N/A |
| 2017 | N/A | -25.2% | 18.8% | N/A |
NAV & Total Return History
BHYIX - Holdings
Concentration Analysis
| BHYIX | Category Low | Category High | BHYIX % Rank | |
|---|---|---|---|---|
| Net Assets | 23.6 B | 3.12 M | 29.7 B | 1.34% |
| Number of Holdings | 1603 | 1 | 2599 | 1.23% |
| Net Assets in Top 10 | 2.42 B | -526 M | 3.59 B | 1.48% |
| Weighting of Top 10 | 10.22% | 2.6% | 100.0% | 62.69% |
Top 10 Holdings
- BlackRock Liquidity T-Fund Instl 2.74%
- iShares iBoxx $ High Yield Corp Bd ETF 1.84%
- TransDigm, Inc. 6.25% 1.26%
- SPDR® Blmbg Barclays High Yield Bd ETF 1.17%
- Ascent Resources Utica Holdings LLC / ARU Finance Corp 10% 0.61%
- Clarios Global Lp 8.5% 0.60%
- Ascent Resources Utica Holdings Ll Tl 0.58%
- Ascent Resources Utica Holdings Ll Tl 0.58%
- Ascent Resources Utica Holdings Ll Tl 0.58%
- Ascent Resources Utica Holdings Ll Tl 0.58%
Asset Allocation
| Weighting | Return Low | Return High | BHYIX % Rank | |
|---|---|---|---|---|
| Bonds | 93.75% | 0.00% | 150.91% | 58.18% |
| Cash | 2.37% | -45.95% | 100.00% | 60.37% |
| Stocks | 2.35% | -1.62% | 47.61% | 14.39% |
| Convertible Bonds | 1.35% | 0.00% | 44.61% | 44.20% |
| Other | 0.17% | -56.29% | 32.06% | 15.31% |
| Preferred Stocks | 0.01% | 0.00% | 14.12% | 47.90% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BHYIX % Rank | |
|---|---|---|---|---|
| Energy | 37.53% | 0.00% | 100.00% | 48.71% |
| Real Estate | 20.36% | 0.00% | 100.00% | 2.59% |
| Basic Materials | 15.38% | 0.00% | 100.00% | 15.73% |
| Technology | 12.84% | 0.00% | 67.19% | 7.76% |
| Consumer Cyclical | 6.22% | 0.00% | 94.49% | 25.00% |
| Healthcare | 4.83% | 0.00% | 30.07% | 8.19% |
| Communication Services | 2.70% | 0.00% | 100.00% | 39.87% |
| Industrials | 0.13% | 0.00% | 43.19% | 32.76% |
| Financial Services | 0.01% | 0.00% | 100.00% | 34.70% |
| Utilities | 0.00% | 0.00% | 100.00% | 42.24% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 37.72% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BHYIX % Rank | |
|---|---|---|---|---|
| US | 2.35% | -5.96% | 42.71% | 14.32% |
| Non US | 0.00% | 0.00% | 6.01% | 48.15% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | BHYIX % Rank | |
|---|---|---|---|---|
| Corporate | 96.61% | 0.00% | 100.00% | 33.00% |
| Cash & Equivalents | 2.97% | 0.00% | 100.00% | 56.00% |
| Securitized | 0.33% | 0.00% | 96.37% | 27.44% |
| Derivative | 0.04% | 0.00% | 41.29% | 26.45% |
| Government | 0.04% | 0.00% | 68.41% | 32.88% |
| Municipal | 0.00% | 0.00% | 1.36% | 25.34% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | BHYIX % Rank | |
|---|---|---|---|---|
| US | 80.83% | -131.66% | 141.59% | 44.94% |
| Non US | 12.92% | 0.00% | 133.67% | 45.56% |
BHYIX - Expenses
Operational Fees
| BHYIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.62% | 0.03% | 4.79% | 71.97% |
| Management Fee | 0.41% | 0.00% | 1.84% | 15.19% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.04% | 0.00% | 0.50% | 20.72% |
Sales Fees
| BHYIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 0.00% | 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 | 119.00% | 1.00% | 347.00% | 87.54% |
BHYIX - Distributions
Dividend Yield Analysis
| BHYIX | Category Low | Category High | BHYIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.88% | 0.00% | 34.04% | 23.78% |
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 | 5.37% | -2.39% | 10.53% | 16.62% |
Capital Gain Distribution Analysis
| BHYIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Semi-Monthly |
Dividend Payout History
| Date | Amount |
|---|---|
| Feb 28, 2019 | $0.033 |
| Jan 31, 2019 | $0.037 |
| Dec 31, 2018 | $0.039 |
| Nov 30, 2018 | $0.038 |
| Oct 31, 2018 | $0.039 |
| Sep 28, 2018 | $0.037 |
| Aug 31, 2018 | $0.037 |
| Jul 31, 2018 | $0.038 |
| Jun 29, 2018 | $0.035 |
| May 31, 2018 | $0.036 |
| Apr 30, 2018 | $0.035 |
| Mar 29, 2018 | $0.035 |
| Feb 28, 2018 | $0.033 |
| Jan 31, 2018 | $0.037 |
BHYIX - Fund Manager Analysis
Managers
James Keenan
Start Date
Tenure
Tenure Rank
Dec 31, 2007
14.01
14.0%
Mr. Keenan is a Managing Director of BlackRock, Inc. since 2008 and Head of the Leveraged Finance Portfolio Team from 2006 to 2007;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
12.66
12.7%
Managing Director of BlackRock, Inc. since 2009 and Co-Head of U.S. Leveraged Finance; Director of BlackRock, Inc. from 2005 to 2008.
Derek Schoenhofen
Start Date
Tenure
Tenure Rank
May 08, 2009
12.66
12.7%
Derek Schoenhofen is a Managing Director of BlackRock, Inc. since 2019; Director of BlackRock, Inc. from 2006 to 2018; Vice President of BlackRock, Inc. from 2000 to 2005.
David Delbos
Start Date
Tenure
Tenure Rank
Mar 20, 2014
7.79
7.8%
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 |
|---|---|---|---|
| 0.01 | 37.38 | 6.83 | 7.76 |