Morningstar® Investment Profile™   Morningstar®
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BlackRock High Yield V.I. I
Release date as of 2024-10-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2024-10-31
Out of 588
High Yield Bond Funds
Morningstar®
Style Box™
What is this?
As of 2024-01-31
Total Fund Assets ($ Mil)
998.65
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks to maximize total return, consistent with income generation and prudent investment management.
The fund invests primarily in non-investment grade bonds with maturities of ten years or less. It normally invests at least 80% of its assets in high yield bonds. The fund may invest up to 30% of its assets in non-dollar denominated bonds of issuers located outside of the United States. Its investment in non-dollar denominated bonds may be on a currency hedged or unhedged basis.
  Morningstar Category: High Yield Bond
High-yield bond portfolios concentrate on lower-quality bonds, which are riskier than those of higher-quality companies. These portfolios generally offer higher yields than other types of portfolios, but they are also more vulnerable to economic and credit risk. These portfolios primarily invest in U.S. high-income debt securities where at least 65% or more of bond assets are not rated or are rated by a major agency such as Standard & Poor's or Moody's at the level of BB (considered speculative for taxable bonds) and below. 
  Investment Risks
High-Yield Bond Funds: Funds that invest in lower-rated debt securities (commonly referred to as junk bonds) involve additional risk because of the lower credit quality of the securities in the portfolio. There are risks associated with the possibility of a higher level of volatility and increased risk of default.
  Portfolio Profile
Asset Allocation
% of Net Assets
U.S. Stocks 0.5
Non-U.S. Stocks 0.0
Bonds 100.6
Cash -2.9
Other 1.7
Total 100.0
Asset Allocation Long/Short/Net Graph
Data through 2024-01-31
Morningstar Fixed-Income Sectors
% Fund
Government 1.50
Corporate 93.67
Securitized 0.01
Municipal 0.00
Cash & Equivalents 3.27
Derivative 1.56
Data through 2024-01-31
Credit Analysis
% Bonds
AAA 0.00
AA 0.00
A 0.10
BBB 5.59
BB 29.43
B 50.78
Below B 13.16
Not Rated 0.94
Data through 2024-01-31
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 11
Total Number of Bond Holdings 981
% of Net Assets in Top 10 Holdings 12.26
Turnover % (as of 2023-12-31) 50.00
30 Day SEC Yield % 6.60
Top Holdings
Maturity
Date 		Shares
 Value
$000 		% of Net
Assets
BlackRock Liquidity T-Fund Instl --- 28,353 28,353 3.36
Us 5Yr Note Mar 24 --- --- 13,447 1.60
HUB International Ltd. 2032-01-31 10,090 10,332 1.23
HUB International Ltd. 2030-06-15 8,339 8,649 1.03
Tibco Software Inc 2029-03-31 8,335 7,963 0.94
EMRLD Borrower LP / Emerald Co-Issuer Inc. 2030-12-15 7,400 7,536 0.89
UKG Inc. 2031-02-01 7,158 7,242 0.86
Mauser Packaging Solutions Holding Co. 2026-08-15 6,852 7,171 0.85
Carnival Holdings Bermuda Ltd. 2028-05-01 5,922 6,638 0.79
TransDigm, Inc. 2028-08-15 5,718 5,988 0.71
Data through 2024-01-31
  Principal Risks   
Lending, Emerging Markets, Foreign Securities, Loss of Money, Not FDIC Insured, Country or Region, High Portfolio Turnover, Index Correlation/Tracking Error, Market/Market Volatility, Convertible Securities, Distressed Investments, High-Yield Securities, Mortgage-Backed and Asset-Backed Securities, Other, Preferred Stocks, Repurchase Agreements, Restricted/Illiquid Securities, Derivatives, Leverage, Fixed-Income Securities, Dollar Rolls, Management, Structured Products
Show Risk Definitions
  Other Information
Inception Date: 1982-04-20
Portfolio Manager(s)
David Delbos   (2014-03-20)
Managing Director of BlackRock, Inc. since 2012; Director of BlackRock, Inc. from 2007 to 2011; Vice President of BlackRock, Inc. from 2005 to 2006.
Mitchell S. Garfin   (2009-05-08)
Managing Director of BlackRock, Inc. since 2009 and Co-Head of U.S. Leveraged Finance; Director of BlackRock, Inc. from 2005 to 2008.
Investment Advisor(s)
BlackRock Advisors, LLC
Issuer
BlackRock
Subadvisor(s)
BlackRock International Limited
Show Data Definitions

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