BlackRock Corporate High Yield Fund:HYT

    Manage Alerts

    Overview

    As of 12/7/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$12.18$12.041.16%
    52 Wk Avg$11.97$12.10-1.11%
    52 Wk High$12.69$12.353.37%
    52 Wk Low$11.00$11.81-7.44%
    Regular Distribution TypeIncome Only
    Distribution Rate7.67%
    Distribution Amount$0.0779
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The primary investment objective is to seek current income, but it also seeks to provide stockholders with capital appreciation. Under normal market conditions, it will invest at least 80% of its total assets in high yield debt instruments, including high yield bonds and high yield corporate loans which are rated in the lower rating categories of the established rating services (Ba or lower by Moodys or BB or lower by S&P) or are unrated securities of comparable quality. It may invest in debt instruments of any maturity. It may invest without limitation in financial instruments of issuers domiciled outside the U.S. or that are denominated in various foreign currencies and multinational foreign currency units. Up to 15% of its total assets may be invested in corporate loans extended to borrowers by commercial banks or other financial institutions. These loans may be below investment grade. It may invest up to 15% of its total assets in convertible debt securities and up to 15% of its total assets in preferred securities, which are rated below investment grade. Up to 10% of its total assets may be invested in high-yield securities, including Corporate Loans purchased in the secondary market, which are subject of bankruptcy proceedings.

    Capital Structure

    As of 12/7/2021

    Total Investment Exposure:$2,125.207M
    Total Common Assets:$1,468.207M
    Common Shares Outstanding:121,944,143
    Leverage

    As of 12/7/2021

    Preferred Share Assets:
    Total Debt (USD): $657.000M
    Regulatory Leverage (USD): $657.000M
    Effective Leverage (USD): $657.000M
    Effective Leverage (%): 30.91%
    Annual Expense Ratios

    As of 8/31/2021

      Per Common Share
    Management Fees0.86%
    Other Expenses:0.08%
    Baseline Expense: N/A
    Interest Expense:0.55%
    Total: 1.49%
    Fund Management

    Fund Sponsor
    BlackRock

    Portfolio Managers
    James Keenan, Mitchell S. Garfin

    Basics
    Category: Fixed Income - Taxable-High Yield
    Ticker: HYT
    NAV Ticker: XHYTX
    Average Daily Volume (shares): 340,063
    Average Daily Volume (USD): $4.047M
    Inception Date: 5/30/2003
    Inception Share Price: $15.00
    Inception NAV: $14.33
    Tender Offer: No
    Term: No
    Fiscal Year End: August 31
    Third Party Links & Reports

    Distributions

    As of 12/7/2021

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 6/30/2021
    $0.3864
    Annualized Distribution Rate on NAV:
    As of 12/7/2021
    7.76%
    Total Return on NAV (12 months):
    As of 12/7/2021
    7.84%
    Avg. Portfolio Coupon:
    As of 12/7/2021
    5.62%
    Total % Portfolio Effectively Leveraged:
    As of 12/7/2021
    30.91%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 12/8/2021

    PeriodAvg Discount
    6 Month1.30%
    1 Year-1.11%
    3 Year-5.76%
    5 Year-7.56%
    Z-Score

    As of 12/7/2021

    PeriodZStat
    3 Month0.00
    6 Month-0.12
    1 Year0.78
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 11/30/2021
    Category: Morningstar US CEF High Yield

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD13.07%5.46%14.50%5.28%
    202011.49%9.09%1.13%3.11%
    201931.19%20.18%21.79%13.91%
    2018-7.84%-5.58%-5.54%-2.01%
    20178.99%10.32%9.77%9.23%
    201620.68%18.00%19.94%16.22%
    2015-5.70%-5.50%-4.93%-4.43%
    20142.15%3.59%2.04%2.36%
    20137.28%12.26%2.61%9.80%
    201219.17%22.00%16.41%20.47%
    20116.90%3.34%11.14%4.54%
    201020.07%19.54%19.84%18.51%
    200992.57%80.74%72.15%54.64%
    2008-38.43%-42.24%  
    2007-2.07%0.22%  
    200617.87%11.25%  
    2005-5.35%1.07%  
    200415.61%15.54%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 11/30/2021
    Category: Morningstar US CEF High Yield

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 12/7/2021
    5.62%
    Number of Holdings:
    As of 9/30/2021
    1539
    Annual Portfolio Turnover:
    As of 8/31/2021
    82.00%
    Average Bond Price:
    As of 9/30/2021
    $107.12
    Asset Allocation

    As of 9/30/2021 reported by Fund Sponsor

    Top Sectors

    As of 9/30/2021 reported by Fund Sponsor

    Sector%Portfolio
    Corporate Bond116.65%
    Corporate (Super Sector)93.07%
    Convertible2.08%
    Sensitive (Super Sector)1.49%
    Cyclical (Super Sector)1.25%
    Energy1.21%
    Cash Equivalents (Super Sector)0.98%
    Cash Equivalents0.98%
    Real Estate0.62%
    Securitized (Super Sector)0.55%
    Top Holdings

    As of 9/30/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    TransDigm, Inc. 6.25%$32.52M2.12%
    BRAND ENERGY & INFRASTRUCTURE SERV$13.68M0.89%
    Altice France Holdings S A 10.5%$11.23M0.73%
    Connect Finco SARL/Connect US Finco LLC 6.75%$11.20M0.73%
    Clarios Global Lp 8.5%$11.16M0.73%
    Sophia Lp (Ellucian)$10.56M0.69%
    Sprint Capital Corporation 8.75%$10.54M0.69%
    Ascent Resources Utica Holdings LLC / ARU Finance Corp 10%$10.42M0.68%
    INTELSAT JACKSON HOLDINGS SA$10.18M0.66%
    Ssb Loc Overnight Libor Facility$-669.00M-43.54%
    Credit Quality

    As of 9/30/2021 reported by Fund Sponsor

    Maturity Breakdown

    As of 9/30/2021 reported by Fund Sponsor

    Country Allocation

    As of 9/30/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income101.01%
    Canada - Fixed Income3.27%
    France - Fixed Income2.90%
    United States - Equity2.89%
    United Kingdom - Fixed Income2.41%
    Netherlands - Fixed Income2.04%
    Ireland - Fixed Income1.00%
    Germany - Fixed Income0.95%
    Italy - Fixed Income0.90%
    Others - Fixed Income0.57%
    Switzerland - Fixed Income0.29%
    Spain - Fixed Income0.19%
    Belgium - Fixed Income0.15%
    China - Fixed Income0.13%
    Hong Kong - Fixed Income0.13%
    Japan - Fixed Income0.10%
    Finland - Fixed Income0.10%
    Sweden - Fixed Income0.09%
    India - Fixed Income0.08%
    Mexico - Fixed Income0.07%
    Israel - Fixed Income0.05%
    Poland - Fixed Income0.04%
    Greece - Fixed Income0.02%
    Brazil - Fixed Income0.01%
    Czech Republic - Fixed Income0.01%
    Canada - Equity0.00%
    United Kingdom - Equity0.00%
    Argentina - Fixed Income0.00%
    Singapore - Equity0.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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