Morningstar® Investment Profile™   Morningstar®
Disclosure
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BlackRock High Yield V.I. I
Release date as of 2022-05-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2022-05-31
Out of 631
High Yield Bond Funds
Morningstar®
Style Box™
What is this?
As of 2022-03-31
Total Fund Assets ($ Mil)
727.42
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
Bullet U.S. Stocks U.S. Stocks 2.3
Bullet Non-U.S. Stocks Non-U.S. Stocks 0.0
Bullet Bonds Bonds 93.4
Bullet Cash Cash 3.1
Bullet Other Other 1.2
Asset Allocation Rescaled Graph
Data through 2022-03-31
Morningstar Fixed-Income Sectors
% Fund
Government 0.00
Corporate 96.76
Securitized 0.07
Municipal 0.00
Cash & Equivalents 3.17
Other 0.00
Data through 2022-03-31
Credit Analysis
% Bonds
AAA 30.87
AA 0.00
A 0.03
BBB 1.66
BB 40.42
B 19.36
Below B 7.42
Not Rated 0.24
Data through 2022-03-31
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 28
Total Number of Bond Holdings 1123
% of Net Assets in Top 10 Holdings 8.78
Turnover % (as of 2021-12-31) 57.00
30 Day SEC Yield % 6.37
Top Holdings
Maturity
Date
Shares
Value
$000
% of Net
Assets
BlackRock Liquidity T-Fund Instl --- 23,817 23,817 3.02
TransDigm, Inc. 6.25% 2026-03-15 8,533 8,810 1.12
Clarios Global Lp 8.5% 2027-05-15 5,118 5,474 0.69
Zayo Group Holdings Inc 6.125% 2028-03-01 5,207 4,686 0.59
Ascent Resources Utica Holdings Ll Tl 2025-11-01 4,276 4,568 0.58
W. R. Grace Holdings Llc 5.625% 2029-08-15 4,793 4,515 0.57
Connect Finco SARL/Connect US Finco LLC 6.75% 2026-10-01 4,221 4,444 0.56
Altice France Holdings S A 10.5% 2027-05-15 4,037 4,388 0.56
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc 6.75% 2027-10-15 4,282 4,367 0.55
NFP Corp. 6.875% 2028-08-15 4,419 4,258 0.54
Data through 2022-03-31
  Principal Risks   
Emerging Markets, Foreign Securities, Loss of Money, Not FDIC Insured, High Portfolio Turnover, Index Correlation/Tracking Error, Market/Market Volatility, Bank Loans, 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)
James Keenan   (2007-04-03)
Mr. Keenan is a Managing Director of BlackRock, Inc. since 2008 and Head of the Leveraged Finance Portfolio Team from 2006 to 2007;Prior to joining BlackRock in 2004, He was a senior high yield trader at Columbia Management Group from 2003 to 2004. Mr. Keenan began his investment career at UBS Global Asset Management where he held roles as a trader, research analyst and a portfolio analyst from 1998 through 2003. Mr. Keenan holds the Chartered Financial Analyst designation.
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.
Derek Schoenhofen   (2009-05-08)
Derek Schoenhofen is a Managing Director of BlackRock, Inc. since 2019; Director of BlackRock, Inc. from 2006 to 2018; Vice President of BlackRock, Inc. from 2000 to 2005.
Investment Advisor(s)
BlackRock Advisors LLC
Issuer
BlackRock
Subadvisor(s)
BlackRock International Limited
Show Data Definitions

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