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BlackRock High Yield Bond Instl (BHYIX)

7.03 -0.01 (-0.14%)
At close: 8:01 PM EDT

Fund Summary

The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in high yield investments and other financial instruments with economic characteristics similar to such investments. The fund may invest up to 30% of its assets in non-dollar denominated bonds of issuers located outside of the United States. Its investment in non-dollar denominated bonds may be on a currency hedged or unhedged basis. The fund may also invest in convertible and preferred securities.

BlackRock High Yield Bond Instl

100 BELLEVUE PARKWAY

Fund Overview

Category High Yield Bond
Fund Family BlackRock
Net Assets 21.72B
YTD Return 1.35%
Yield 7.00%
Morningstar Rating
Inception Date Nov 19, 1998

Fund Operations

Last Dividend 0.16
Last Cap Gain -12.00
Holdings Turnover 66.00%
Average for Category --

Fees & Expenses

Expense BHYIX Category Average
Annual Report Expense Ratio (net) 0.48% 0.95%
Prospectus Net Expense Ratio 0.48% --
Prospectus Gross Expense Ratio 0.49% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.88%
Max Deferred Sales Load -- 1.28%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Mitchell S. Garfin, Lead Manager since December 31, 2009
Managing Director of BlackRock, Inc. since 2009 and Co-Head of U.S. Leveraged Finance; Director of BlackRock, Inc. from 2005 to 2008.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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