BlackRock Corporate High Yield Fund, Inc.

Frequently Asked Questions About HYT

What does HYT invest in?

The BlackRock Corporate High Yield Fund, Inc. operates as a closed-end mutual fund with a focus on fixed income instruments. Managed by BlackRock Advisors, LLC, its investment strategy spans global fixed income markets. The fund primarily builds its portfolio with bonds issued by companies from a diverse range of sectors. A significant portion of its holdings consists of debt instruments rated Ba or lower by Moody's Investors Service, Inc., or BB or lower by Standard & Poor's Corporation, signifying a high-yield, below-investment-grade focus. Its mandate includes seeking out both domestic and international high-yield securities, such as corporate bonds, corporate loans, convertible debt, and preferred stocks, all characterized as below investment grade quality. Founded on May 30, 2003, this U.S.-domiciled fund was previously known as BlackRock Corporate High Yield Fund VI, Inc.

What is the expense ratio of HYT?

BlackRock Corporate High Yield Fund, Inc. (HYT) charges an expense ratio of 2.35%. This is the annual fee deducted from fund assets to cover management and operations.

What is HYT's dividend yield?

HYT's trailing-twelve-month yield is 11.81%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of HYT?

Effective duration measures HYT's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. HYT's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of HYT?

HYT'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 HYT?

Yield to maturity (YTM) is the total return you'd earn from HYT if every bond in the portfolio is held to maturity at the current price. HYT'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.