BHYIX: BlackRock High Yield Bond Instl

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BHYIX BlackRock High Yield Bond Instl


Profile

BHYIX - Profile

Vitals

  • YTD Return -8.1%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $18.9 B
  • Holdings in Top 10 7.9%

52 WEEK LOW AND HIGH

$7.14
$5.97
$7.81

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 -8.1%
  • 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 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock High Yield Bond Portfolio
  • Fund Family Name
    BlackRock
  • Inception Date
    Nov 19, 1998
  • Shares Outstanding
    1418483701
  • 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 -8.1% -51.3% 6.9% 53.08%
1 Yr -5.3% -50.0% 6.5% 40.18%
3 Yr N/A* -22.5% 0.9% 1.68%
5 Yr N/A* -6.7% 0.7% 7.09%
10 Yr N/A* -5.7% 1.2% 1.19%

* Annualized

Return Ranking - Calendar

Period BHYIX Return Category Return Low Category Return High Rank in Category (%)
2019 8.8% 0.7% 23.9% 27.74%
2018 N/A -17.1% -1.8% N/A
2017 N/A -5.7% 4.9% N/A
2016 N/A 1.1% 13.4% N/A
2015 N/A -17.8% 1.0% N/A

Total Return Ranking - Trailing

Period BHYIX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.1% -51.3% 6.9% 53.08%
1 Yr -5.3% -50.0% 6.5% 40.18%
3 Yr N/A* -22.5% 3.5% 1.68%
5 Yr N/A* -6.7% 3.2% 6.04%
10 Yr N/A* -5.7% 6.5% 1.19%

* Annualized

Total Return Ranking - Calendar

Period BHYIX Return Category Return Low Category Return High Rank in Category (%)
2019 8.8% 0.7% 23.9% 31.77%
2018 N/A -17.1% 0.4% N/A
2017 N/A -5.1% 9.3% N/A
2016 N/A 1.1% 20.7% N/A
2015 N/A -17.8% 1.0% N/A

NAV & Total Return History


Holdings

BHYIX - Holdings

Concentration Analysis

BHYIX Category Low Category High BHYIX % Rank
Net Assets 18.9 B 890 K 23.3 B 0.87%
Number of Holdings 1476 4 1566 0.87%
Net Assets in Top 10 1.5 B -362 M 2.13 B 0.87%
Weighting of Top 10 7.88% 3.8% 99.9% 83.89%

Top 10 Holdings

  1. TransDigm, Inc. 6.25% 1.61%
  2. iShares iBoxx $ High Yield Corp Bd ETF 1.07%
  3. Oracle Corporation 3.85% 0.71%
  4. Oracle Corporation 3.6% 0.70%
  5. FREEPORT-MCMORAN INC 5.45% 0.69%
  6. iShares Broad USD High Yield Corp Bd ETF 0.65%
  7. Solera, LLC / Solera Finance, Inc. 10.5% 0.64%
  8. Altice France Holdings S A 10.5% 0.63%
  9. Verscend Escrow Corp 9.75% 0.59%
  10. Allied Universal Holdco LLC / Allied Universal Finance Corporation 6.62% 0.59%

Asset Allocation

Weighting Return Low Return High BHYIX % Rank
Bonds
93.02% 80.27% 135.68% 65.65%
Cash
4.48% -37.71% 19.40% 46.74%
Stocks
1.23% -12.79% 7.94% 18.26%
Convertible Bonds
1.13% 0.00% 5.92% 20.87%
Preferred Stocks
0.09% 0.00% 5.23% 39.78%
Other
0.04% -4.12% 41.18% 22.39%

Stock Sector Breakdown

Weighting Return Low Return High BHYIX % Rank
Basic Materials
32.18% 0.00% 100.00% 5.86%
Real Estate
26.82% 0.00% 75.20% 2.76%
Consumer Cyclical
21.68% 0.00% 100.00% 18.28%
Healthcare
13.03% 0.00% 100.00% 13.45%
Communication Services
6.14% 0.00% 100.00% 38.62%
Financial Services
0.14% 0.00% 100.00% 19.31%
Energy
0.01% 0.00% 100.00% 58.97%
Utilities
0.00% 0.00% 100.00% 39.66%
Technology
0.00% 0.00% 43.86% 33.10%
Industrials
0.00% 0.00% 100.00% 48.97%
Consumer Defense
0.00% 0.00% 23.57% 15.86%

Stock Geographic Breakdown

Weighting Return Low Return High BHYIX % Rank
US
1.07% -12.80% 7.94% 19.78%
Non US
0.16% 0.00% 0.26% 4.13%

Bond Sector Breakdown

Weighting Return Low Return High BHYIX % Rank
Corporate
93.34% 51.59% 100.00% 62.61%
Cash & Equivalents
6.41% 0.00% 32.30% 23.04%
Securitized
0.20% 0.00% 11.23% 28.70%
Derivative
0.03% 0.00% 15.88% 15.43%
Government
0.01% 0.00% 22.44% 30.22%
Municipal
0.00% 0.00% 0.42% 13.04%

Bond Geographic Breakdown

Weighting Return Low Return High BHYIX % Rank
US
77.92% 65.89% 117.76% 68.48%
Non US
15.10% 0.00% 29.53% 28.48%

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% 92.26%
Management Fee 0.41% 0.00% 1.35% 8.75%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% 26.97%

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% 1.88% 239.35% 93.58%

Distributions

BHYIX - Distributions

Dividend Yield Analysis

BHYIX Category Low Category High BHYIX % Rank
Dividend Yield 0.00% 0.00% 2.43% 29.57%

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% 15.01%

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

12.34

12.3%

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

10.99

11.0%

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

10.99

11.0%

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

6.12

6.1%

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
0.17 35.71 6.55 1.33