Skip to content

Fixed Income

BRHYX

High Yield Bond Fund

Overview

Loading

Performance

Performance

  • Returns

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

The Fund’s returns prior to September 17, 2018 are the returns of a predecessor fund that reorganized into the Fund on September 17, 2018. The predecessor fund had the same investment objectives, strategies and policies, portfolio management team and contractual arrangements, including the same contractual fees and expenses, as the Fund as of the date of the reorganization. As a result, the performance of the Fund would have been substantially similar to that of the predecessor fund.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.
View full chart

Distributions

Interactive chart displaying fund performance. Javascript is required.

View full chart
BlackRock Fixed Income Funds Delivered
19 of 24 U.S. bond funds, accounting for 97% of our active mutual fund assets, outperformed within their Morningstar peer groups. Based on institutional share class.*
BlackRock Fixed Income Funds Delivered

Key Facts

Key Facts

Size of Class (Millions) as of Oct 10, 2019 $4,641.8 M
Size of Fund (Millions) as of Oct 11, 2019 $16,846.7 M
Share Class launch date Nov 19, 1998
Asset Class Fixed Income
Morningstar Category High Yield Bond
Lipper Classification High Yield Funds
Benchmark Index BBG Barc US Corp High Yield 2% Issuer Capped Index
CUSIP 09260B614
Number of Holdings as of Sep 30, 2019 1,255
Max Offer Price as of Oct 10, 2019 $7.64
Open to New Investors Yes
Turnover Percent as of Sep 30, 2019 90%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of Sep 30, 2019 96.35
Beta (3y) as of Sep 30, 2019 1.03
Best 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2019 7.31%
Worst 3-Month Return Over the Last 3 Years 3 months ending Dec 31, 2018 -5.37%
Fund Standard Deviation (3y) as of Sep 30, 2019 4.31

For the latest month-end Distribution Yield, click here.


This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Ratings

Ratings

Morningstar Rating

5
Overall Morningstar Rating for High Yield Bond Fund, Class K, as of Sep 30, 2019 rated against 613 High Yield Bond Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Gold
Morningstar has awarded the Fund a Gold medal, its highest level of conviction. (Effective Oct 01, 2019) ‡

Holdings

Holdings

as of Sep 30, 2019
Name Weight (%)
TRANSDIGM INC 1.98
CSC HOLDINGS LLC 1.72
BAUSCH HEALTH COMPANIES INC 1.58
TENET HEALTHCARE CORPORATION 1.43
INTELSAT JACKSON HOLDINGS SA 1.40
Name Weight (%)
ALTICE FRANCE SA (FRANCE) 1.25
BOMBARDIER INC 1.17
CLARIOS GLOBAL LP 1.13
REFINITIV US HOLDINGS INC 1.07
FREEPORT-MCMORAN INC 1.05

Exposure Breakdowns

Exposure Breakdowns

Type Fund Benchmark Net
Type Fund Benchmark Net
Type Fund Benchmark Net
as of Sep 30, 2019

% Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Sep 30, 2019

% Market Value

Type Fund Benchmark Net
Type Fund Benchmark Net
as of Sep 30, 2019

% Market Value

Type Fund Benchmark Net
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Certain transactions the funds may utilize may give rise to a form of leverage through either (a) additional market exposure or (b) borrowing capital in an attempt to increase investment return. The use of such transactions includes certain leverage-related risks, including potential for higher volatility, greater decline of the fund’s net asset value and fluctuations of dividends and distributions paid by the fund.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

James Keenan, CFA
Chief Investment Officer and Global Co-Head of Credit

     

David Delbos
Managing Director

    

Mitchell S. Garfin, CFA
Co-Head of U.S. High Yield in Global Credit team

  

Derek Schoenhofen
Derek Schoenhofen
Portfolio Manager

Literature

Literature

 

There are many ways to access BlackRock Funds, learn how you can add them to your portfolio