(HYT) BlackRock Corporate High - Ratings and Ratios
Exchange: NYSE • Country: USA • Currency: USD • Type: Fund • ISIN: US09255P1075 • High Yield Bond
HYT: Bonds, Loans, Debt Securities, Corporate Notes
The BlackRock Corporate High Yield Fund, traded on the New York Stock Exchange under the ticker HYT, is a type of investment fund that specifically focuses on high-yield bonds. With an ISIN of US09255P1075, this fund is designed to provide investors with a diversified portfolio of corporate bonds that offer higher yields compared to investment-grade bonds, albeit with a higher level of credit risk. The fund's style, categorized as high-yield bond, indicates its primary investment strategy is to generate income by investing in lower-rated corporate bonds that have the potential to provide higher returns.
As a high-yield bond fund, HYT invests in a broad range of corporate bonds that are rated below investment grade by major credit rating agencies. These bonds, often referred to as 'junk bonds,' are issued by companies that may have a higher risk of default, which is why they offer higher yields to attract investors. The fund's portfolio is managed by BlackRock, one of the world's largest asset managers, which uses its expertise and resources to select a diversified portfolio of high-yield bonds that aim to balance risk and return. By spreading investments across various sectors and issuers, the fund seeks to mitigate the risk associated with individual bond defaults, thereby providing a more stable source of income for its investors.
Investing in the BlackRock Corporate High Yield Fund can provide several benefits, including regular income, diversification, and the potential for long-term capital appreciation. However, it's essential for investors to understand that high-yield bond funds like HYT come with higher credit risk and the possibility of price volatility. As such, they are typically suited for investors with a medium to long-term investment horizon and a tolerance for higher risk. The fund's performance can be influenced by various market and economic factors, including interest rates, credit spreads, and the overall health of the corporate bond market, making it crucial for investors to monitor and adjust their investment strategies accordingly.
Additional Sources for HYT Fund
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
HYT Fund Overview
Market Cap in USD | 1,253m |
Style | High Yield Bond |
TER | 1.51% |
IPO / Inception | 2003-05-30 |
HYT Fund Ratings
Growth 5y | 47.8% |
Fundamental | - |
Dividend | 69.5% |
Rel. Strength Industry | 438 |
Analysts | - |
Fair Price Momentum | 10.12 USD |
Fair Price DCF | - |
HYT Dividends
Dividend Yield 12m | 8.77% |
Yield on Cost 5y | 12.05% |
Annual Growth 5y | 0.00% |
Payout Consistency | 94.2% |
HYT Growth Ratios
Growth Correlation 3m | 44.3% |
Growth Correlation 12m | 95.7% |
Growth Correlation 5y | 54.5% |
CAGR 5y | 6.56% |
CAGR/Mean DD 5y | 0.72 |
Sharpe Ratio 12m | 1.04 |
Alpha | -6.48 |
Beta | 0.80 |
Volatility | 9.92% |
Current Volume | 1272.7k |
Average Volume 20d | 587.9k |
As of January 21, 2025, the stock is trading at USD 9.78 with a total of 1,272,689 shares traded.
Over the past week, the price has changed by +0.91%, over one month by +1.43%, over three months by +0.96% and over the past year by +13.85%.
Partly, yes. Based on ValueRay Analyses, BlackRock Corporate High (NYSE:HYT) is currently (January 2025) ok to buy, but has to be watched. It has a Growth Technical Rating of 47.78 and therefor an somewhat technical positive rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of HYT as of January 2025 is 10.12. This means that HYT is currently overvalued and has a potential downside of 3.48%.
BlackRock Corporate High has no consensus analysts rating.
According to ValueRays Forecast Model, HYT BlackRock Corporate High will be worth about 11.2 in January 2026. The stock is currently trading at 9.78. This means that the stock has a potential upside of +14.31%.
Issuer | Forecast | Upside |
---|---|---|
Wallstreet Target Price | - | - |
Analysts Target Price | - | - |
ValueRay Target Price | 11.2 | 14.3% |