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Name

As of 07/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BlackRock High Yield Bond Portfolio

BHYRX | Fund

$7.09

$22.2 B

6.32%

$0.45

1.18%

Vitals

YTD Return

4.5%

1 yr return

10.8%

3 Yr Avg Return

1.7%

5 Yr Avg Return

3.6%

Net Assets

$22.2 B

Holdings in Top 10

11.5%

52 WEEK LOW AND HIGH

$7.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.18%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 76.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$100

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 07/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BlackRock High Yield Bond Portfolio

BHYRX | Fund

$7.09

$22.2 B

6.32%

$0.45

1.18%

BHYRX - Profile

Distributions

  • YTD Total Return 4.5%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.16%
DIVIDENDS
  • Dividend Yield 6.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock High Yield Bond Portfolio
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Sep 17, 2018
  • Shares Outstanding
    13648814
  • Share Class
    R
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Keenan

Fund Description

The High Yield Fund invests primarily in non-investment grade bonds with maturities of ten years or less. The High Yield Fund normally invests at least 80% of its assets in high yield bonds. The high yield securities (commonly called “junk bonds”) acquired by the High Yield Fund will generally be in the lower rating categories of the major rating agencies (BB or lower by S&P Global Ratings or Fitch Ratings, Inc. or Ba or lower by Moody’s Investor Services) or will be determined by the High Yield Fund management team to be of similar quality. Split rated bonds and other fixed-income securities (securities that receive different ratings from two or more rating agencies) are valued as follows: if three agencies rate a security, the security will be considered to have the median credit rating; if two of the three agencies rate a security, the security will be considered to have the lower credit rating. The High Yield Fund may invest up to 30% of its assets in non-dollar denominated bonds of issuers located outside of the United States. The High Yield Fund’s investment in non-dollar denominated bonds may be on a currency hedged or unhedged basis. The High Yield Fund may also invest in convertible and preferred securities. Convertible debt securities will be counted toward the Fund’s 80% policy to the extent they have characteristics similar to the securities included within that policy.
To add additional diversification, the management team can invest in a wide range of securities including corporate bonds, mezzanine investments, collateralized bond obligations, bank loans and mortgage-backed and asset-backed securities. The High Yield Fund can also invest, to the extent consistent with its investment objective, in non-U.S. and emerging market securities and currencies. The High Yield Fund may invest in securities of any rating, and may invest up to 10% of its assets (measured at the time of investment) in distressed securities that are in default or the issuers of which are in bankruptcy.
The High Yield Fund may buy or sell options or futures on a security or an index of securities, or enter into credit default swaps and interest rate or foreign currency transactions, including swaps (collectively, commonly known as derivatives). The High Yield Fund may use derivative instruments to hedge its investments or to seek to enhance returns. The High Yield Fund may seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as reverse repurchase agreements or dollar rolls).
The High Yield Fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies.
Read More

BHYRX - Performance

Return Ranking - Trailing

Period BHYRX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -7.4% 9.4% 32.17%
1 Yr 10.8% -5.1% 18.9% 24.28%
3 Yr 1.7%* -15.5% 20.5% 47.26%
5 Yr 3.6%* -12.3% 37.2% 41.01%
10 Yr N/A* -5.4% 19.7% 32.84%

* Annualized

Return Ranking - Calendar

Period BHYRX Return Category Return Low Category Return High Rank in Category (%)
2023 6.3% -4.7% 14.3% 16.72%
2022 -15.4% -33.4% 3.6% 49.52%
2021 0.6% -8.4% 8.2% 31.22%
2020 0.3% -13.2% 302.7% 44.16%
2019 9.0% -4.4% 13.3% 25.62%

Total Return Ranking - Trailing

Period BHYRX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -7.4% 9.4% 32.17%
1 Yr 10.8% -5.1% 18.9% 24.28%
3 Yr 1.7%* -15.5% 20.5% 47.26%
5 Yr 3.6%* -12.3% 37.2% 41.01%
10 Yr N/A* -5.4% 19.7% 31.31%

* Annualized

Total Return Ranking - Calendar

Period BHYRX Return Category Return Low Category Return High Rank in Category (%)
2023 12.7% -4.7% 18.7% 34.24%
2022 -11.2% -33.4% 47.8% 61.25%
2021 5.7% -8.4% 12.4% 34.89%
2020 5.7% -9.6% 325.6% 47.08%
2019 14.2% -3.8% 19.4% 42.05%

NAV & Total Return History

BHYRX - Holdings

Concentration Analysis

BHYRX Category Low Category High BHYRX % Rank
Net Assets 22.2 B 3.13 M 23.6 B 0.95%
Number of Holdings 1575 2 2888 2.07%
Net Assets in Top 10 2.55 B -492 M 5.26 B 5.10%
Weighting of Top 10 11.47% 4.4% 144.6% 63.16%

Top 10 Holdings

  1. BlackRock Liquidity Funds, T-Fund, Institutional Class 2.59%
  2. iShares Broad USD High Yield Corporate Bond ETF 2.06%
  3. HUB International Ltd. 1.14%
  4. HUB International Ltd. 0.94%
  5. UKG, Inc. 0.84%
  6. Panther Escrow Issuer LLC 0.80%
  7. Cloud Software Group, Inc. 0.80%
  8. EMRLD Borrower LP 0.80%
  9. Carnival Holdings Bermuda Ltd. 0.77%
  10. Cotiviti Holdings, Inc., Term Loan 0.74%

Asset Allocation

Weighting Return Low Return High BHYRX % Rank
Bonds 		97.08% -0.88% 154.38% 26.83%
Cash 		2.59% -52.00% 91.75% 67.78%
Convertible Bonds 		1.43% 0.00% 17.89% 33.17%
Stocks 		0.68% 0.00% 99.58% 38.89%
Other 		0.24% -63.70% 100.29% 28.39%
Preferred Stocks 		0.06% 0.00% 7.50% 37.64%

Stock Sector Breakdown

Weighting Return Low Return High BHYRX % Rank
Energy 		44.14% 0.00% 100.00% 46.70%
Real Estate 		18.96% 0.00% 86.71% 4.58%
Basic Materials 		13.39% 0.00% 100.00% 13.75%
Technology 		10.70% 0.00% 33.17% 11.17%
Healthcare 		4.38% 0.00% 22.17% 9.74%
Communication Services 		3.45% 0.00% 99.99% 46.13%
Consumer Cyclical 		2.82% 0.00% 100.00% 28.65%
Industrials 		2.17% 0.00% 93.12% 22.92%
Utilities 		0.00% 0.00% 100.00% 93.98%
Financial Services 		0.00% 0.00% 100.00% 94.84%
Consumer Defense 		0.00% 0.00% 100.00% 94.27%

Stock Geographic Breakdown

Weighting Return Low Return High BHYRX % Rank
US 		0.68% 0.00% 99.58% 38.92%
Non US 		0.00% -0.01% 0.83% 18.18%

Bond Sector Breakdown

Weighting Return Low Return High BHYRX % Rank
Corporate 		96.49% 0.00% 100.00% 35.14%
Cash & Equivalents 		2.59% 0.00% 91.75% 56.14%
Securitized 		0.33% 0.00% 97.24% 29.71%
Derivative 		0.24% -14.70% 42.26% 16.59%
Government 		0.04% 0.00% 99.07% 32.91%
Municipal 		0.00% 0.00% 1.17% 91.85%

Bond Geographic Breakdown

Weighting Return Low Return High BHYRX % Rank
US 		93.98% -0.88% 129.21% 51.36%
Non US 		3.10% 0.00% 96.20% 20.57%

BHYRX - Expenses

Operational Fees

BHYRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.18% 0.02% 38.33% 35.99%
Management Fee 0.41% 0.00% 1.75% 16.06%
12b-1 Fee 0.50% 0.00% 1.00% 70.00%
Administrative Fee 0.06% 0.00% 0.50% 29.32%

Sales Fees

BHYRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BHYRX 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.

BHYRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 76.00% 1.00% 255.00% 73.57%

BHYRX - Distributions

Dividend Yield Analysis

BHYRX Category Low Category High BHYRX % Rank
Dividend Yield 6.32% 0.00% 11.76% 39.46%

Dividend Distribution Analysis

BHYRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

BHYRX Category Low Category High BHYRX % Rank
Net Income Ratio 4.16% -2.39% 9.30% 61.53%

Capital Gain Distribution Analysis

BHYRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

BHYRX - Fund Manager Analysis

Managers

James Keenan

Start Date

Tenure

Tenure Rank

Dec 31, 2007

14.42

14.4%

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.

Derek Schoenhofen

Start Date

Tenure

Tenure Rank

May 08, 2009

13.07

13.1%

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.

Mitchell Garfin

Start Date

Tenure

Tenure Rank

May 08, 2009

13.07

13.1%

Managing Director of BlackRock, Inc. since 2009 and Co-Head of U.S. Leveraged Finance; Director of BlackRock, Inc. from 2005 to 2008.

David Delbos

Start Date

Tenure

Tenure Rank

Mar 20, 2014

8.2

8.2%

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
0.13 37.79 7.21 8.17

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