HYT: The Discount Helps Me Recommend This High-Yield CEF [Seeking Alpha]
Blackrock Corporate High Yield Fund, Inc. (HYT)
US:NYSE Investor Relations:
blackrock.com/investing/products/240182/blackrock-corporate-high-yield-fund-vi-inc-usd-fund
Company Research
Source: Seeking Alpha
HYT: The Discount Helps Me Recommend This High-Yield CEF Summary HYT has generated a positive return since my prior recommendation. While I am generally cautious on high-yield bonds right now, I believe HYT offers reasonable risk-reward potential, given its large discount. The High-Yield bond sector has performed strongly in 2019, and there are underlying conditions that suggest positive returns could continue. Main Thesis The purpose of this article is to evaluate the BlackRock Corporate High Yield Fund Inc. ( Background First, a little about HYT. The fund's primary objective covered HYT Has Had A Strong 2019, And Gains Could Continue To start, I want to illustrate HYT's year-to-date return, which is strong. In fact, the fund's total return is pretty similar to the S&P 500, once distributions are considered, as illustrated below: Source: CNBC With this in mind, investors are smart to consider how sustainable these gains are. Clearly, fixed-income has been having a phenomenal year, in
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Sec Filings
- 11/26/24 - Form NPORT-P
- 10/30/24 - Form 4
- HYT's page on the SEC website