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BlackRock High Yield V.I. I
Release date as of 2025-04-30. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2025-04-30
Out of 585
High Yield Bond Funds
Morningstar®
Style Box™
What is this?
As of ---
Total Fund Assets ($ Mil)
1,002.7
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 0.4
Non-U.S. Stocks 0.0
Bonds 97.1
Cash -6.9
Other 9.3
Total 100.0
Asset Allocation Long/Short/Net Graph
Data through 2025-03-31
Morningstar Fixed-Income Sectors
% Fund
Government 0.00
Corporate 91.09
Securitized 0.02
Municipal 0.00
Cash & Equivalents 3.14
Derivative 5.76
Data through 2025-03-31
Credit Analysis
% Bonds
AAA ---
AA ---
A ---
BBB ---
BB ---
B ---
Below B ---
Not Rated ---
Data through ---
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 7
Total Number of Bond Holdings 1133
% of Net Assets in Top 10 Holdings 13.06
Turnover % (as of 2024-12-31) 60.00
30 Day SEC Yield % 6.66
Top Holdings
Maturity
Date 		Shares
 Value
$000 		% of Net
Assets
BlackRock Liquidity T-Fund Instl --- 28,038 28,038 2.74
TRSWAP: IBOXHY INDEX 2025-09-20 22,001 22,270 2.18
TRSWAP: IBOXHY INDEX 2025-06-20 21,000 21,235 2.08
HUB International Ltd. 2032-01-31 10,585 10,911 1.07
TRSWAP: IBXXLLTR INDEX 2025-06-20 10,000 9,890 0.97
Minerva Merger Subordinated Inc. 2030-02-15 9,074 8,602 0.84
Venture Global LNG Inc. 2079-12-31 8,971 8,491 0.83
HUB International Ltd. 2030-06-15 7,965 8,367 0.82
Truist Insurance Holdings LLC & Panther Co-Issuer Inc. 2031-06-01 7,674 7,975 0.78
1261229 Bc Ltd. 2032-04-15 7,749 7,709 0.75
Data through 2025-03-31
  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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Returns will vary and shares may be worth more or less than their original cost when sold.