BlackRock High Yield Portfolio
Data updated: 2026-08-27
C000030751 — BlackRock High Yield Portfolio. Intermediate Corporate Bond · $1.09B AUM · 0.88% expense ratio. Holdings, fees, performance and SEC filings.
C000030751 Fund Overview
BlackRock High Yield Portfolio is a US mutual fund managed by Brighthouse Funds Trust I, categorised as Intermediate Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Brighthouse Funds Trust I
- Category: Intermediate Corporate Bond
- Assets under management: $1.09B
- 1-year return: 6.0%
- SEC CIK: 0001126087
- SEC series ID: S000011123
- Share class ID: C000030751
C000030751 Investment Objective and Strategy
BlackRock High Yield Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Brighthouse Funds Trust I.
Investment objective
To maximize total return, consistent with income generation and prudent investment management.
Principal investment strategy
BlackRock Financial Management, Inc., subadviser to the Portfolio (BFM), and BlackRock International Limited, sub-subadviser to the Portfolio (BIL and together with BFM, BlackRock or Subadviser) invests the Portfolios assets, under normal circumstances, primarily in non-investment grade bonds with maturities of ten years or less. The Portfolio will normally invest at least 80% of its net assets in high yield bonds, including convertible and preferred securities. The high yield securities (commonly called junk bonds) acquired by the Portfolio will generally be in the lower rating categories of the major rating agencies (BB or lower by S&P Global Ratings or Fitch Ratings, Inc. or Ba or lower by Moodys Ratings) or will be determined by BlackRock to be of similar quality. Split rated bonds and other fixed income securities (securities that receive different ratings from two or more rating agencies) are treated for these purposes as follows: if three agencies rate a security, the security will be considered to have the median credit rating; if two of the three agencies rate a security, the security will be considered to have the lower credit rating.
The Portfolio may invest in securities issued pursuant to Rule 144A under the Securities Act of 1933. The Portfolio may also invest up to 20% of its assets in non-dollar denominated bonds of issuers located outside of the United States. The Portfolios investment in non-dollar denominated bonds may be on a currency hedged or unhedged basis. The Portfolio may also invest in common stocks. BlackRock evaluates sectors of the high yield market and individual bonds within these sectors. Securities are purchased for the Portfolio when BlackRock determines that they have the potential for above-average total return. To add additional diversification, BlackRock can invest in a wide range of securities, including corporate bonds, mezzanine investments (typically the most subordinated debt obligation in an issuers capital structure), collateralized bond obligations, collateralized loan obligations and other collateralized debt obligations, bank loans and mortgage-backed and asset-backed securities.
The Portfolio can also invest, to the extent consistent with its investment goal, in non-U.S. and emerging market securities and currencies. The Portfolio may invest in securities of any rating, and may invest up to 10% of its assets (measured at the time of investment) in distressed securities that are in default or the issuers of which are in bankruptcy. These securities involve considerable risk and have significant uncertainties regarding the issuers current or future ability to make interest and principal payments. Typically, BlackRock will invest in distressed securities when it believes they are undervalued. The BlackRock team may, when consistent with the Portfolios investment goal, buy or sell options or futures on a security or an index of securities, or enter into credit default swaps (up to 15% of its assets) and interest rate or foreign currency transactions, including swaps (collectively, commonly known as derivatives).
The Portfolio typically uses derivatives as a substitute for taking a position in the underlying asset and/or as part of a strategy designed to reduce exposure to other risks, such as interest rate or currency risk. The Portfolio may seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as reverse repurchase agreements or dollar rolls).
C000030751 Holdings
Top 10 holdings of BlackRock High Yield Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fixed Income Clearing Corp. | 3.06% |
| Beignet Investor LLC | 1.41% |
| 1261229 Bc Ltd. | 1.23% |
| Meridian Arc Holdco LLC | 1.11% |
| Hub International Ltd. | 1.07% |
| Ms Govt US Lex | 0.92% |
| Goldman Sachs Fin Square Govt Fd | 0.92% |
| Dreyfus Treasury & Agency Lex | 0.92% |
| Invesco Govt And Agcy Lex | 0.92% |
| Talen Energy Supply LLC | 0.92% |
C000030751 Portfolio Allocation
Asset-class allocation of BlackRock High Yield Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 88.9% |
| Cash & Equivalents | 11.2% |
| Loans | 6.4% |
| Equity | 1.1% |
| Derivatives | 0.3% |
C000030751 Performance
Total returns for C000030751 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.8% |
| 1 year | 6.0% |
| 3 years (annualised) | 8.8% |
| 5 years (annualised) | 4.3% |
C000030751 Risk Information
Risk metrics for C000030751, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.4%
C000030751 Costs and Fees
C000030751 costs about $88 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.88%
- Gross expense ratio: 0.90%
- Portfolio turnover: 54%
- Brokerage commissions: 0.11 bps of average net assets (SEC N-CEN)
C000030751 Cashflows
Over the 12 months to 2026-06, BlackRock High Yield Portfolio had net inflows of $72.67M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $75.62M |
| 2026-05 | $5.11M |
| 2026-04 | −$4.26M |
| 2026-03 | −$21.23M |
| 2026-02 | −$3.52M |
| 2026-01 | −$3.91M |
C000030751 Debt Constituents
Largest debt holdings of BlackRock High Yield Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Beignet Investor LLC | 1.41% |
| 1261229 Bc Ltd. | 1.23% |
| Meridian Arc Holdco LLC | 1.11% |
| Hub International Ltd. | 1.07% |
| Talen Energy Supply LLC | 0.92% |
| Level 3 Financing, Inc. | 0.62% |
| Allied Universal Holdco | 0.62% |
| Echostar Corp. | 0.60% |
| Mauser Packaging Solut | 0.59% |
| Hub International Ltd. | 0.55% |
C000030751 Prospectus and SEC Filings
Official BlackRock High Yield Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-24
- Prospectus (485BPOS) — filed 2025-04-25
- Prospectus (485BPOS) — filed 2024-04-25
- Portfolio holdings (N-PORT) — filed 2026-08-27
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2026-03-11
- Annual census (N-CEN) — filed 2025-03-14
Related Funds
Other Intermediate Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.