BlackRock High Yield
Historical Performance
Objective And Strategy
ObjectiveMaximize total return consistent with income generation and prudent investment management.
Strategy
The fund typically invests more than 90% of assets in a diversified portfolio of fixed-income securities. It normally invests at least 80% of assets in bonds that are rated in the lower rating categories. The fund invests in fixed-income securities of any duration or maturity. It invests most of its assets in securities issued by U.S. issuers, but may also invest a portion of its assets in securities issued by foreign issuers.
Tax Inefficient Fund
Asset classes that make large ordinary income distributions or generate significant short term capital gains are tax inefficient. Asset classes that match this description include REITs, commodities funds and absolute return funds.
Principle Risks
N/A
-
High Yield09/2004
-
Documents
- Fund Prospectus and Other Forms