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
| ISIN | US09260B6305 |
|---|---|
| CUSIP | 09260B630 |
| Issuer | Blackrock |
| Inception Date | Nov 19, 1998 |
| Category | High Yield Bonds |
| Min. Investment | $2,000,000 |
| Home Page | www.blackrock.com |
| Asset Class | Bond |
Expense Ratio
BHYIX features an expense ratio of 0.59%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BHYIX vs. BAGIX, BHYIX vs. HYGH, BHYIX vs. IFX.DE, BHYIX vs. DB1.DE, BHYIX vs. VWEHX, BHYIX vs. HYG, BHYIX vs. FTBFX, BHYIX vs. CNDX.L, BHYIX vs. BRK-B, BHYIX vs. BND
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BlackRock High Yield Bond Portfolio Institutional Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
BlackRock High Yield Bond Portfolio Institutional Shares had a return of 8.47% year-to-date (YTD) and 15.01% in the last 12 months. Over the past 10 years, BlackRock High Yield Bond Portfolio Institutional Shares had an annualized return of 4.56%, while the S&P 500 had an annualized return of 11.43%, indicating that BlackRock High Yield Bond Portfolio Institutional Shares did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.47% | 25.82% |
| 1 month | 0.71% | 3.20% |
| 6 months | 6.39% | 14.94% |
| 1 year | 15.01% | 35.92% |
| 5 years (annualized) | 4.77% | 14.22% |
| 10 years (annualized) | 4.56% | 11.43% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.29% | 0.43% | 0.71% | -0.06% | 1.05% | 1.02% | 1.74% | 1.58% | 1.27% | -0.54% | 8.47% | ||
| 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% | -0.94% | -0.50% | -3.50% | -0.10% | -6.74% | 6.25% | -2.39% | -3.93% | 2.70% | 2.04% | -0.64% | -10.41% |
| 2021 | 0.00% | 0.65% | 0.28% | 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% | 5.07% | 0.83% | -1.03% | 0.57% | 3.92% | 1.74% | 5.87% |
| 2019 | 4.58% | 1.66% | 0.91% | 1.55% | -1.35% | 2.49% | 0.75% | 0.73% | 0.45% | 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% | 0.48% | -1.96% | -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% | 0.11% | 0.23% | 1.55% | 13.56% |
| 2015 | 0.17% | 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% | 1.16% | 1.05% | -1.20% | 1.93% | -2.17% | 0.98% | 0.10% | -3.56% | 1.56% |
| 2013 | 1.36% | 0.59% | 1.26% | 1.75% | -0.54% | -2.62% | 2.42% | -0.33% | 1.62% | 2.09% | 0.83% | -0.69% | 7.90% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of BHYIX is 95, placing it in the top 5% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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.
Dividends
Dividend History
BlackRock High Yield Bond Portfolio Institutional Shares provided a 6.92% dividend yield over the last twelve months, with an annual payout of $0.50 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.50 | $0.47 | $0.39 | $0.37 | $0.40 | $0.43 | $0.44 | $0.44 | $0.43 | $0.41 | $0.47 | $0.50 |
Dividend yield | 6.92% | 6.68% | 5.86% | 4.74% | 5.12% | 5.56% | 6.19% | 5.63% | 5.60% | 5.69% | 5.93% | 6.10% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.42 | |
| 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 | $0.04 | $0.04 | $0.04 | $0.39 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2020 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $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 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 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 |
| 2013 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.50 |
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.
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.
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 |
| -13.33% | Sep 2, 2014 | 365 | Feb 11, 2016 | 128 | Aug 15, 2016 | 493 |
| -11.98% | Sep 8, 2000 | 62 | Dec 5, 2000 | 324 | Mar 28, 2002 | 386 |
Volatility
Volatility Chart
The current BlackRock High Yield Bond Portfolio Institutional Shares volatility is 0.73%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.