BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX)
The BlackRock High Yield Bond Portfolio (BHYIX) focuses primarily on short-term (less than ten years) non-investment grade bonds, with a minimum investment of 80% of assets in high-yield bonds. It can allocate up to 30% of assets towards non-US bonds in foreign currencies, either with or without currency hedging. Additionally, the fund may also invest in convertible and preferred securities.
Fund Info
US09260B6305
09260B630
Nov 19, 1998
$2,000,000
Expense Ratio
BHYIX has an expense ratio of 0.59%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) returned 2.29% year-to-date (YTD) and 8.13% over the past 12 months. Over the past 10 years, BHYIX returned 4.80% annually, underperforming the S&P 500 benchmark at 10.87%.
BHYIX
2.29%
3.19%
2.63%
8.13%
6.97%
4.80%
^GSPC (Benchmark)
1.30%
12.94%
1.49%
12.48%
15.82%
10.87%
Monthly Returns
The table below presents the monthly returns of BHYIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.41% | 0.53% | -1.09% | 0.14% | 1.28% | 2.29% | |||||||
| 2024 | 0.29% | 0.43% | 0.71% | -0.06% | 1.05% | 1.02% | 1.74% | 1.58% | 1.27% | -0.54% | 1.26% | -0.77% | 8.24% |
| 2023 | 4.16% | -1.54% | 1.33% | 0.99% | -1.02% | 1.79% | 1.35% | 0.31% | -1.04% | -1.19% | 4.40% | 3.56% | 13.65% |
| 2022 | -2.55% | -0.95% | -0.50% | -3.49% | -0.10% | -6.74% | 6.25% | -2.39% | -3.93% | 2.70% | 2.04% | -0.64% | -10.40% |
| 2021 | 0.00% | 0.65% | 0.29% | 1.17% | 0.41% | 1.56% | 0.28% | 0.52% | -0.00% | -0.11% | -1.02% | 1.69% | 5.54% |
| 2020 | -0.08% | -1.51% | -12.05% | 4.74% | 4.11% | 0.62% | 5.06% | 0.83% | -1.03% | 0.57% | 3.92% | 1.75% | 5.87% |
| 2019 | 4.58% | 1.66% | 0.91% | 1.55% | -1.35% | 2.49% | 0.75% | 0.73% | 0.44% | 0.33% | 0.46% | 1.79% | 15.19% |
| 2018 | 0.86% | -0.98% | -0.58% | 0.72% | 0.21% | 0.09% | 1.29% | 0.48% | 0.49% | -1.97% | -0.96% | -2.57% | -2.95% |
| 2017 | 1.30% | 1.50% | -0.02% | 1.01% | 0.75% | 0.08% | 1.51% | -0.18% | 1.09% | 0.46% | -0.07% | 0.35% | 8.03% |
| 2016 | -1.34% | 0.45% | 2.65% | 3.27% | 0.49% | 0.24% | 2.54% | 2.09% | 0.62% | 0.10% | 0.23% | 1.55% | 13.56% |
| 2015 | 0.16% | 2.42% | -0.57% | 1.31% | 0.44% | -1.43% | 0.09% | -1.45% | -2.95% | 2.60% | -1.82% | -3.32% | -4.62% |
| 2014 | 0.77% | 2.18% | 0.15% | 0.31% | 1.17% | 1.05% | -1.20% | 1.93% | -2.17% | 0.98% | 0.10% | -3.55% | 1.57% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 93, BHYIX is among the top 7% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
BlackRock High Yield Bond Portfolio Institutional Shares provided a 7.36% dividend yield over the last twelve months, with an annual payout of $0.52 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.53 | $0.47 | $0.36 | $0.40 | $0.40 | $0.43 | $0.45 | $0.44 | $0.43 | $0.41 | $0.47 |
Dividend yield | 7.36% | 7.44% | 6.62% | 5.36% | 5.12% | 5.12% | 5.58% | 6.31% | 5.63% | 5.60% | 5.69% | 5.93% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock High Yield Bond Portfolio Institutional Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.16 | |||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.07 | $0.53 |
| 2023 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.36 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.40 |
| 2020 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.40 |
| 2019 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2018 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.45 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.44 |
| 2016 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock High Yield Bond Portfolio Institutional Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BlackRock High Yield Bond Portfolio Institutional Shares was 34.81%, occurring on Dec 16, 2008. Recovery took 198 trading sessions.
The current BlackRock High Yield Bond Portfolio Institutional Shares drawdown is 0.14%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -34.81% | Jun 4, 2007 | 388 | Dec 16, 2008 | 198 | Sep 30, 2009 | 586 |
| -23.23% | Feb 21, 2020 | 22 | Mar 23, 2020 | 140 | Oct 9, 2020 | 162 |
| -14.75% | Nov 10, 2021 | 223 | Sep 29, 2022 | 304 | Dec 14, 2023 | 527 |
| -13.34% | Sep 2, 2014 | 365 | Feb 11, 2016 | 128 | Aug 15, 2016 | 493 |
| -11.99% | Sep 8, 2000 | 62 | Dec 5, 2000 | 324 | Mar 28, 2002 | 386 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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