BlackRock High Yield Fund Q2 2025 Commentary
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BlackRock5.09K FollowersFollow5ShareSavePlay(5min)CommentsSummaryThe fund retained an underweight position in BB rated credit and an overweight holding in B rated securities, avoiding distressed issuers.Strong selection in midstream, technology, and cable & satellite were standout contributors, as they showcased the benefit of our selective approach in sectors with solid fundamentals.The performance of bank loans was flat during the quarter and slightly negative in the year-to-date, as they trailed high yield bonds.We expect the wide differences in performance to continue into next year as U.S. growth slows, impacting companies unevenly.Strong fundamentals, including historically low leverage and healthy demand supported by an active new-issue market, reinforce our view that high yield bonds remain a compelling investment. filo/iStock via Getty Images The fund posted returns of 2.57% (Institutional shares) and 2.49% (Investor A shares, without sales charge) for the third quarter of 2025. The performance of bank loans was flat and slightly down in the year-to-date, although This article was written byBlackRock5.09K FollowersFollowBlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable.