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.
Share Price Chart
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Performance
The chart shows the growth of $10,000 invested in BlackRock High Yield Bond Portfolio Institutional Shares in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $42,044 for a total return of roughly 320.44%. All prices are adjusted for splits and dividends.
Compare to other instruments
Popular comparisons: BHYIX vs. HYGH
Return
BlackRock High Yield Bond Portfolio Institutional Shares had a return of 1.03% year-to-date (YTD) and -4.82% in the last 12 months. Over the past 10 years, BlackRock High Yield Bond Portfolio Institutional Shares had an annualized return of 3.55%, while the S&P 500 had an annualized return of 9.86%, indicating that BlackRock High Yield Bond Portfolio Institutional Shares did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -0.84% | -3.13% |
| Year-To-Date | 1.03% | 2.92% |
| 6 months | 2.28% | 2.02% |
| 1 year | -4.82% | -11.46% |
| 5 years (annualized) | 2.75% | 7.79% |
| 10 years (annualized) | 3.55% | 9.86% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 4.16% | -1.54% | ||||||||||
| 2022 | -3.94% | 2.70% | 2.04% | -0.63% |
Dividend History
BlackRock High Yield Bond Portfolio Institutional Shares granted a 7.38% dividend yield in the last twelve months. The annual payout for that period amounted to $0.49 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.49 | $0.39 | $0.40 | $0.40 | $0.43 | $0.45 | $0.44 | $0.43 | $0.41 | $0.47 | $0.50 | $0.50 |
Dividend yield | 7.38% | 5.92% | 5.43% | 5.74% | 6.61% | 7.97% | 7.51% | 7.91% | 8.52% | 9.35% | 10.19% | 11.04% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.04 | $0.03 | ||||||||||
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 |
| 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 |
| 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 |
| 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 |
| 2018 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 2012 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the BlackRock High Yield Bond Portfolio Institutional Shares. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the BlackRock High Yield Bond Portfolio Institutional Shares is 34.81%, recorded on Dec 16, 2008. It took 198 trading sessions for the portfolio to recover.
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 |
| -14.66% | Jan 3, 2022 | 187 | Sep 29, 2022 | — | — | — |
| -13.34% | 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 |
| -11.66% | May 6, 2002 | 116 | Oct 18, 2002 | 89 | Feb 27, 2003 | 205 |
| -9.81% | May 12, 2011 | 101 | Oct 4, 2011 | 79 | Jan 27, 2012 | 180 |
| -6.58% | Oct 4, 2018 | 57 | Dec 26, 2018 | 40 | Feb 25, 2019 | 97 |
| -5.89% | Mar 9, 2005 | 49 | May 17, 2005 | 39 | Jul 13, 2005 | 88 |
| -5.57% | May 10, 2013 | 31 | Jun 24, 2013 | 71 | Oct 3, 2013 | 102 |
Volatility Chart
Current BlackRock High Yield Bond Portfolio Institutional Shares volatility is 5.95%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.