Absolute Investment Advisers Initiates Position in HYT Fund

Written by Emily J. Thompson, Senior Investment Analyst

Source: NASDAQ.COM

Updated: Apr 23 2026

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Source: NASDAQ.COM

New Position Initiated: Absolute Investment Advisers has initiated a position in the BlackRock Corporate High Yield Fund (HYT) by purchasing 1,191,864 shares, with an estimated transaction value of approximately $10.44 million, indicating a strategic interest in high-yield debt investments.
Quarter-End Valuation: At the end of the quarter, the market value of this new position was $10.15 million, reflecting the impact of both the trade and market price fluctuations, which demonstrates the firm's active participation in the high-yield debt market.
Investment Strategy Context: The investment mission of Absolute Advisers is to provide strategies with low sensitivity to traditional stocks and bonds, and this new position aligns with their strategy of holding corporate bonds, emphasizing their focus on portfolio diversification.
High Yield Risks: The HYT fund invests at least 80% of its assets in high-yield debt, which, while offering yields above market standards, comes with a steep 2.35% expense ratio that can significantly affect overall capital appreciation from this investment.

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About HYT

BlackRock Corporate High Yield Fund, Inc. (the Trust) is a diversified, closed-end management investment company. The Trust's primary investment objective is to provide shareholders with current income. Its secondary investment objective is to provide shareholders with capital appreciation. The Trust seeks to achieve its objectives by investing primarily in a diversified portfolio of fixed income securities which are rated at the time of investment to be below investment grade or, if unrated, are considered by the investment adviser to be of comparable quality. It may invest directly in fixed income securities or synthetically through the use of derivatives. It invests at least 80% of its net assets (including assets acquired from the sale of preferred stock), plus the amount of any borrowings for investment purposes, in high yield securities, including high yield bonds, corporate loans, convertible debt securities and preferred securities. Its manager is BlackRock Advisors, LLC.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

BlackRock Funds Announce 2026 Distribution Plans

Apr 30 2026Newsfilter

Distribution Amounts Announced: BlackRock's various funds announced per-share distributions for April 30, 2026, with BCX at $0.069700 and BME at $0.262100, indicating the company's ongoing ability to distribute earnings and enhancing investor confidence.
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Transparent Sources of Income: As of April 30, 2026, the sources of distributions for each fund include net income, short-term, and long-term capital gains, with 87% of BCX's distributions coming from return of capital, reflecting the robustness of its investment strategy.
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Absolute Investment Advisers Acquires Stake in BlackRock High Yield Fund

Apr 23 2026Fool

New Investment Position: Absolute Investment Advisers, LLC disclosed in an SEC filing on April 22 that it purchased 1,191,864 shares of the BlackRock Corporate High Yield Fund, with an estimated transaction value of approximately $10.44 million, indicating confidence in the high-yield bond market.
Asset Allocation Shift: The new stake represents 1.19% of Absolute's 13F assets under management, highlighting its significance in a diversified investment strategy, particularly in the current market environment where there is a demand for yield.
Yield and Risk: The HYT fund currently offers a dividend yield of 10.8%, and although its share price is 12.1% below its 52-week high, it still provides relatively high income, attracting income-seeking investors.
Cost Consideration: The HYT fund's expense ratio of 2.35% is notably high, which may impact overall capital appreciation for investors, necessitating a careful evaluation of the trade-off between high yield and fees to optimize investment returns.