BlackRock High Yield K
BRHYX
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
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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 Portfolio Fund Class K (BRHYX) is an open-end mutual fund managed by BlackRock, Inc., that seeks to maximize total return, consistent with income generation and prudent investment management by investing primarily in non-investment grade bonds with maturities of ten years or less. The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in high yield investments, including high yield bonds, corporate loans, and other financial instruments with similar economic characteristics; it may also allocate to non-US bonds, US and non-US stocks, cash equivalents, and derivatives for hedging or exposure. As of late 2025, the portfolio holds approximately 1,583 securities with total assets under management exceeding $26 billion, featuring top holdings such as Beignet Investor LLC, Level 3 Financing Inc., HUB International Ltd., TransDigm Inc., and iShares Broad USD High Yield Corporate Bond ETF; sector exposures emphasize US bonds (around 81%), with limited allocations to energy, real estate, and basic materials. Launched on November 19, 1998, and domiciled in the United States, the fund is available primarily to institutional investors with a minimum initial investment of $5 million and targets the high yield bond segment of the fixed income market. Portfolio management is led jointly by Mitchell Garfin (since 2009), David Delbos (since 2014), and a team including Patrick Haskell, Kevin Maloney, Ryan McDonald, Walter O'Connor, and Phillip Soccio; recent updates reflect ongoing enhancements to the management structure. In August 2024, the fund underwent a name change from BlackRock High Yield Bond Portfolio to BlackRock High Yield Portfolio, alongside a shift of its 80% high yield investment policy from fundamental to non-fundamental status and the addition of the Bloomberg U.S. Universal Index as a benchmark in response to regulatory requirements. This reorganization builds on the fund's 2018 tax-free acquisition of assets from its predecessor fund; no major acquisitions, partnerships, or new product launches specific to BRHYX were reported in 2024 or 2025, though BlackRock broadly expanded through a December 2025 partnership assuming management of $80 billion in Citi Wealth assets. The fund maintains operations focused on the US market, with a net expense ratio of 0.48% and daily pricing.