BlackRock High Yield Bond Instl
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
1.8%
1 yr return
10.4%
3 Yr Avg Return
6.8%
5 Yr Avg Return
6.7%
Net Assets
$23.8 B
Holdings in Top 10
8.5%
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 1.8%
- 3 Yr Annualized Total Return 6.8%
- 5 Yr Annualized Total Return 6.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 5.37%
- Dividend Yield 4.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBlackRock High Yield Bond Portfolio
-
Fund Family NameBlackRock
-
Inception DateNov 19, 1998
-
Shares Outstanding1758592345
-
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 | 1.8% | -69.1% | 10.5% | 31.56% |
| 1 Yr | 10.4% | -16.2% | 44.9% | 37.48% |
| 3 Yr | 6.8%* | -12.1% | 17.4% | 24.45% |
| 5 Yr | 6.7%* | -5.6% | 13.4% | 13.76% |
| 10 Yr | 7.1%* | 1.8% | 10.9% | 10.54% |
* Annualized
Return Ranking - Calendar
| Period | BHYIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 0.3% | -75.1% | 399.1% | 41.37% |
| 2019 | 8.8% | -56.9% | 226.1% | 27.18% |
| 2018 | N/A | -61.3% | -0.4% | N/A |
| 2017 | N/A | -49.0% | 18.8% | N/A |
| 2016 | N/A | -25.2% | 28.6% | N/A |
Total Return Ranking - Trailing
| Period | BHYIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.8% | -69.1% | 10.5% | 31.17% |
| 1 Yr | 10.4% | -18.7% | 52.4% | 32.62% |
| 3 Yr | 6.8%* | -12.1% | 16.3% | 22.97% |
| 5 Yr | 6.7%* | -5.6% | 12.7% | 14.58% |
| 10 Yr | 7.1%* | 1.8% | 10.9% | 9.75% |
* Annualized
Total Return Ranking - Calendar
| Period | BHYIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 0.3% | -75.1% | 399.1% | 41.37% |
| 2019 | 8.8% | -56.9% | 23.9% | 29.76% |
| 2018 | N/A | -61.3% | 0.9% | N/A |
| 2017 | N/A | -49.0% | 18.8% | N/A |
| 2016 | N/A | -25.2% | 39.0% | N/A |
NAV & Total Return History
BHYIX - Holdings
Concentration Analysis
| BHYIX | Category Low | Category High | BHYIX % Rank | |
|---|---|---|---|---|
| Net Assets | 23.8 B | 2.66 M | 30.1 B | 1.50% |
| Number of Holdings | 1587 | 1 | 2534 | 1.37% |
| Net Assets in Top 10 | 2.01 B | -557 M | 4.07 B | 1.62% |
| Weighting of Top 10 | 8.45% | 3.0% | 100.0% | 74.31% |
Top 10 Holdings
- BlackRock Liquidity T-Fund Instl 2.98%
- TransDigm, Inc. 6.25% 1.29%
- Clarios Global Lp 8.5% 0.58%
- Ascent Resources Utica Holdings Ll Tl 0.55%
- Ascent Resources Utica Holdings Ll Tl 0.55%
- Ascent Resources Utica Holdings Ll Tl 0.55%
- Ascent Resources Utica Holdings Ll Tl 0.55%
- Ascent Resources Utica Holdings Ll Tl 0.55%
- Ascent Resources Utica Holdings Ll Tl 0.55%
- Ascent Resources Utica Holdings Ll Tl 0.55%
Asset Allocation
| Weighting | Return Low | Return High | BHYIX % Rank | |
|---|---|---|---|---|
| Bonds | 93.62% | 0.00% | 149.08% | 52.24% |
| Stocks | 2.35% | 0.00% | 38.15% | 15.80% |
| Convertible Bonds | 1.96% | 0.00% | 19.02% | 33.83% |
| Cash | 1.87% | -46.64% | 100.00% | 66.29% |
| Other | 0.20% | -53.57% | 32.06% | 16.79% |
| Preferred Stocks | 0.00% | 0.00% | 13.89% | 73.63% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BHYIX % Rank | |
|---|---|---|---|---|
| Energy | 39.99% | 0.00% | 100.00% | 48.42% |
| Basic Materials | 19.39% | 0.00% | 100.00% | 7.45% |
| Real Estate | 18.57% | 0.00% | 100.00% | 4.84% |
| Consumer Cyclical | 7.41% | 0.00% | 100.00% | 21.23% |
| Technology | 7.19% | 0.00% | 60.77% | 11.73% |
| Healthcare | 5.27% | 0.00% | 42.19% | 11.73% |
| Communication Services | 2.06% | 0.00% | 100.00% | 44.32% |
| Industrials | 0.12% | 0.00% | 100.00% | 37.43% |
| Utilities | 0.00% | 0.00% | 100.00% | 58.85% |
| Financial Services | 0.00% | 0.00% | 100.00% | 65.18% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 54.38% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BHYIX % Rank | |
|---|---|---|---|---|
| US | 2.35% | -1.89% | 35.96% | 12.94% |
| Non US | 0.00% | -0.04% | 5.61% | 65.30% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | BHYIX % Rank | |
|---|---|---|---|---|
| Corporate | 96.27% | 0.00% | 100.00% | 39.48% |
| Cash & Equivalents | 3.27% | 0.00% | 100.00% | 50.06% |
| Securitized | 0.42% | 0.00% | 95.35% | 28.39% |
| Government | 0.04% | 0.00% | 99.67% | 31.76% |
| Derivative | 0.00% | 0.00% | 46.55% | 59.65% |
| Municipal | 0.00% | 0.00% | 11.44% | 48.82% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | BHYIX % Rank | |
|---|---|---|---|---|
| US | 80.74% | 0.00% | 135.78% | 49.50% |
| Non US | 12.88% | 0.00% | 96.89% | 42.91% |
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% | 73.12% |
| Management Fee | 0.41% | 0.00% | 1.84% | 15.22% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.04% | 0.00% | 0.50% | 13.49% |
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% | 0.00% | 349.00% | 85.11% |
BHYIX - Distributions
Dividend Yield Analysis
| BHYIX | Category Low | Category High | BHYIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.77% | 0.00% | 34.04% | 50.49% |
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% | -2.17% | 10.53% | 29.11% |
Capital Gain Distribution Analysis
| BHYIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually |
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
13.68
13.7%
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
12.32
12.3%
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
12.32
12.3%
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
7.45
7.5%
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 | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.06 | 37.05 | 6.82 | 2.17 |