HYT Profile
BlackRock Corporate High Yield Fund, Inc., a closed-ended fixed income mutual fund launched by BlackRock, Inc., is managed by BlackRock Advisors, LLC. Established on May 30, 2003, the fund operates globally within fixed income markets, focusing on investments in bonds issued by companies spanning diverse sectors. It primarily targets bonds rated Ba or lower by Moody's Investors Service, Inc., or BB or lower by Standard & Poor's Corporation.
The fund's investment strategy emphasizes a broad spectrum of high yield securities, including high yield bonds, corporate loans, convertible debt securities, and preferred securities that fall below investment grade quality. This approach seeks to provide investors with opportunities for income generation while managing associated risks through rigorous credit analysis and sector-specific research.
Formerly known as BlackRock Corporate High Yield Fund VI, Inc., the fund has evolved under the oversight of BlackRock, Inc., a global leader in investment management. It adheres to a disciplined investment process, leveraging BlackRock Advisors' expertise to navigate complex market conditions and optimize portfolio performance.
Based in the United States, BlackRock Corporate High Yield Fund, Inc. operates with a commitment to transparency and investor stewardship, adhering to regulatory standards to uphold trust and accountability. As part of BlackRock's comprehensive suite of investment solutions, the fund continues to play a pivotal role in providing diversified exposure to global high yield opportunities, contributing to long-term wealth accumulation for its shareholders.
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