BlackRock High Yield Bond Instl
- BHYIX
- Price as of: Jun 17, 2021
-
$7.90
N/A N/A
- Primary Theme
- High Yield Bond
- Fund Company
- BlackRock
- Share Class
BHYIX - Snapshot
Vitals
- YTD Return 1.2%
- 3 Yr Annualized Return 6.6%
- 5 Yr Annualized Return 7.3%
- Net Assets $23.5 B
- Holdings in Top 10 8.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.59%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 119.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $2,000,000
- IRA N/A
Fund Classification
-
Primary Theme
High Yield Bond
- Fund Type Open End Mutual Fund
- Investment Style High Yield Bond
BHYIX - Profile
Distributions
- YTD Total Return 1.2%
- 3 Yr Annualized Total Return 6.6%
- 5 Yr Annualized Total Return 7.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 5.37%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBlackRock High Yield Bond Portfolio
-
Fund Family NameBlackRock
-
Inception DateNov 19, 1998
-
Shares Outstanding1742585209
-
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 | 1.2% | -19.9% | 13.7% | 38.22% |
| 1 Yr | 15.0% | 0.0% | 42.3% | 44.61% |
| 3 Yr | 6.6%* | -11.7% | 10.6% | 29.90% |
| 5 Yr | 7.3%* | -5.2% | 10.9% | 17.22% |
| 10 Yr | 6.4%* | 1.4% | 9.6% | 13.16% |
* Annualized
Return Ranking - Calendar
| Period | BHYIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 0.3% | -46.8% | 399.1% | 43.79% |
| 2019 | 8.8% | -10.3% | 226.1% | 27.41% |
| 2018 | N/A | -18.4% | -0.4% | N/A |
| 2017 | N/A | -9.5% | 18.8% | N/A |
| 2016 | N/A | -9.1% | 28.6% | N/A |
Total Return Ranking - Trailing
| Period | BHYIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.2% | -20.0% | 13.7% | 38.36% |
| 1 Yr | 15.0% | 0.0% | 42.3% | 38.71% |
| 3 Yr | 6.6%* | -11.7% | 10.6% | 26.97% |
| 5 Yr | 7.3%* | -5.2% | 10.9% | 16.01% |
| 10 Yr | 6.4%* | 1.4% | 9.6% | 11.98% |
* Annualized
Total Return Ranking - Calendar
| Period | BHYIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 0.3% | -46.8% | 399.1% | 43.79% |
| 2019 | 8.8% | -3.8% | 23.9% | 30.32% |
| 2018 | N/A | -18.4% | 1.3% | N/A |
| 2017 | N/A | -8.5% | 18.8% | N/A |
| 2016 | N/A | -9.1% | 39.0% | N/A |
NAV & Total Return History
BHYIX - Holdings
Concentration Analysis
| BHYIX | Category Low | Category High | BHYIX % Rank | |
|---|---|---|---|---|
| Net Assets | 23.5 B | 3.68 M | 29.3 B | 0.41% |
| Number of Holdings | 1627 | 3 | 2442 | 1.21% |
| Net Assets in Top 10 | 2.2 B | -493 M | 3.93 B | 1.62% |
| Weighting of Top 10 | 8.59% | 2.8% | 100.0% | 74.15% |
Top 10 Holdings
- BlackRock Liquidity T-Fund Instl 2.30%
- TransDigm, Inc. 6.25% 1.36%
- SPDR® Blmbg Barclays High Yield Bd ETF 1.18%
- CLARIOS GLOBAL LP 8.5% 0.65%
- Altice France Holdings S A 10.5% 0.59%
- Allied Universal Holdco LLC / Allied Universal Finance Corporation 6.62% 0.54%
- Connect Finco SARL/Connect US Finco LLC 6.75% 0.52%
- Ascent Resources Utica Holdings Ll Tl 0.51%
- Ascent Resources Utica Holdings Ll Tl 0.51%
- Ascent Resources Utica Holdings Ll Tl 0.51%
Asset Allocation
| Weighting | Return Low | Return High | BHYIX % Rank | |
|---|---|---|---|---|
| Bonds | 94.06% | 3.38% | 147.88% | 47.30% |
| Stocks | 2.76% | -10.91% | 31.60% | 13.88% |
| Convertible Bonds | 2.28% | 0.00% | 21.16% | 31.40% |
| Cash | 0.79% | -44.84% | 62.72% | 77.49% |
| Other | 0.09% | -52.60% | 32.06% | 18.19% |
| Preferred Stocks | 0.02% | 0.00% | 19.22% | 45.55% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BHYIX % Rank | |
|---|---|---|---|---|
| Energy | 40.72% | 0.00% | 100.00% | 46.88% |
| Basic Materials | 19.12% | 0.00% | 100.00% | 7.03% |
| Real Estate | 15.79% | 0.00% | 100.00% | 4.88% |
| Healthcare | 8.70% | 0.00% | 63.64% | 12.11% |
| Technology | 8.40% | 0.00% | 47.03% | 10.74% |
| Communication Services | 4.26% | 0.00% | 100.00% | 25.00% |
| Consumer Cyclical | 2.91% | 0.00% | 100.00% | 28.71% |
| Industrials | 0.10% | 0.00% | 100.00% | 32.03% |
| Financial Services | 0.01% | 0.00% | 100.00% | 29.49% |
| Utilities | 0.00% | 0.00% | 100.00% | 44.53% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 44.34% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BHYIX % Rank | |
|---|---|---|---|---|
| US | 2.59% | -13.16% | 30.16% | 14.29% |
| Non US | 0.17% | 0.00% | 14.47% | 16.58% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | BHYIX % Rank | |
|---|---|---|---|---|
| Corporate | 96.94% | 0.00% | 100.00% | 32.25% |
| Cash & Equivalents | 2.62% | 0.00% | 87.53% | 63.16% |
| Securitized | 0.37% | 0.00% | 95.33% | 28.74% |
| Derivative | 0.06% | 0.00% | 41.88% | 21.46% |
| Government | 0.01% | 0.00% | 54.41% | 37.25% |
| Municipal | 0.00% | 0.00% | 14.61% | 37.38% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | BHYIX % Rank | |
|---|---|---|---|---|
| US | 80.95% | -88.80% | 122.18% | 46.23% |
| Non US | 13.11% | -25.64% | 132.83% | 41.51% |
BHYIX - Expenses
Operational Fees
| BHYIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.59% | 0.03% | 20.43% | 86.41% |
| Management Fee | 0.41% | 0.00% | 1.84% | 14.91% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.04% | 0.00% | 0.50% | 12.62% |
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 | 119.00% | 0.00% | 349.00% | 85.37% |
BHYIX - Distributions
Dividend Yield Analysis
| BHYIX | Category Low | Category High | BHYIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 4.01% | 39.92% |
Dividend Distribution Analysis
| BHYIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| BHYIX | Category Low | Category High | BHYIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 5.37% | -2.17% | 10.53% | 31.08% |
Capital Gain Distribution Analysis
| BHYIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | 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
13.42
13.4%
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
12.07
12.1%
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
12.07
12.1%
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
7.2
7.2%
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 |
|---|---|---|---|
| 0.05 | 36.79 | 6.75 | 1.92 |