BlackRock High Yield Instl
BHYIX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 Bellevue Parkway Wilmington DE United States of America 19809
- IPO Date
- Nov 18, 1998
- CIK
- 0000844779
- Website
- blackrock.com
- Similar Companies
- Business
- BlackRock High Yield Institutional Fund (BHYIX) is an open-end mutual fund managed by BlackRock, Inc., that seeks total return by investing primarily in non-investment grade bonds, including high yield corporate bonds, debentures, notes and commercial paper, with a focus on securities having maturities of 10 years or less; the fund normally invests at least 80% of its assets in such high yield investments, which may include loans, preferred securities, convertible securities and derivatives such as futures, forwards, options and swaps, as well as up to 20% in investment grade securities, cash equivalents and up to 10% in non-U.S. dollar denominated securities. Headquartered in New York, New York, the fund was launched on November 19, 1998, and operates within the high yield bond segment of the fixed income market, targeting institutional investors with a minimum initial investment of $2 million. It emphasizes downside protection and consistent outperformance through a tactical, diversified investment process, holding top positions in issuers such as Beignet Investor LLC, Level 3 Financing Inc., HUB International Ltd. and TransDigm Inc., with a net expense ratio of 0.58% (contractually waived through June 30, 2026). In recent developments, BlackRock, the fund's parent company, completed the acquisition of HPS Investment Partners in June 2025 for approximately $12 billion in an all-stock deal, bolstering its private credit capabilities with $220 billion in assets and integrating them alongside its $3 trillion public fixed income platform to meet evolving client demands across public and private credit markets. This strategic expansion enhances BlackRock's fixed income offerings, including high yield strategies like BHYIX, by providing unified solutions for clients seeking higher-fee alternative assets amid market shifts toward private markets. The fund maintains its focus on U.S.-domiciled high yield bonds available for sale in the United States, with no ESG-specific strategy or major reorganizations reported at the fund level.