# BlackRock High Yield Instl (BHYIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/bhyix for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: BlackRock · Asset class: Fixed Income - Strategy: Thematic · Inception: 1998-11-19 This fund typically dedicates a significant portion, at least 80% of its net assets (including any capital acquired through borrowing for investment), to high-yield instruments or other financial products that share similar economic traits. It has the discretion to allocate up to 30% of its total assets to fixed-income securities issued by entities outside the United States, which are denominated in non-U.S. currencies. The foreign currency exposure from these international bond holdings can either be managed through hedging strategies or remain unhedged. Additionally, the fund is authorize... ## Key Facts | Metric | Value | |---|---| | Price | $6.87 | | Expense Ratio | 0.57% | | Assets Under Management | $25.62B | | NAV | $6.87 | | Holdings Count | 1461 | | Distribution Yield (TTM) | 6.64% | | Annual Distribution (TTM) | $0.46 /share | | Distribution Frequency | Monthly | | 52-Week Range | $6.87 – $7.27 | | Beta | 0.59 | ## Latest Distribution - Amount: $0.0382 /share - Ex-date: 2026-09-30 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does BHYIX invest in? This fund typically dedicates a significant portion, at least 80% of its net assets (including any capital acquired through borrowing for investment), to high-yield instruments or other financial products that share similar economic traits. It has the discretion to allocate up to 30% of its total assets to fixed-income securities issued by entities outside the United States, which are denominated in non-U.S. currencies. The foreign currency exposure from these international bond holdings can either be managed through hedging strategies or remain unhedged. Additionally, the fund is authorized to invest in convertible debt and preferred stock. ### What is the expense ratio of BHYIX? BlackRock High Yield Instl (BHYIX) charges an expense ratio of 0.57%. This is the annual fee deducted from fund assets to cover management and operations. ### What is BHYIX's dividend yield? BHYIX's trailing-twelve-month yield is 6.64%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of BHYIX? Effective duration measures BHYIX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BHYIX's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of BHYIX? BHYIX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of BHYIX? Yield to maturity (YTM) is the total return you'd earn from BHYIX if every bond in the portfolio is held to maturity at the current price. BHYIX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does BHYIX pay a dividend? Yes, BlackRock High Yield Instl (BHYIX) distributes dividends to shareholders. The trailing-twelve-month yield is 6.64%. Full dividend history is on this page. ### How often does BHYIX pay dividends? BlackRock High Yield Instl pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is BHYIX's next ex-dividend date? The most recently announced ex-dividend date for BHYIX was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will BHYIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.57% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does BHYIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from BHYIX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does BHYIX cost more than a fund like VOO? BHYIX's strategy (current expense ratio 0.57%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where BHYIX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to BHYIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as BHYIX (0.57%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/bhyix - Distribution history: https://www.dividenddata.com/funds/bhyix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/bhyix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/bhyix/expenses - Peer comparison: https://www.dividenddata.com/funds/bhyix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.