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Morningstar

BlackRock High Yield Bond Instl BHYIX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
6.77  /  0.05 %
Total Assets
19.8 Bil
Adj. Expense Ratio
0.580%
Expense Ratio
0.580%
Fee Level
Low
Longest Manager Tenure
14.92 years
Category
High Yield Bond
Credit Quality / Interest Rate Sensitivity
—
Min. Initial Investment
2,000,000
Status
Open
TTM Yield
5.67%
Effective Duration
— years

USD | NAV as of Dec 02, 2022 | 1-Day Return as of Dec 02, 2022, 11:00 PM GMT+00:00

Morningstar’s Fund Analysis BHYIX

Will BHYIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BHYIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the BHYIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of BHYIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Compelling.

Analyst

Summary

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BlackRock High Yield Bond's veteran managers and extensive supporting resources coupled with a sweeping approach make this a worthwhile high-yield bond offering. The strategy's cheapest shares earn Morningstar Analyst Ratings of Gold, while more expensive classes are rated Silver, Bronze, and Neutral.

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