The BlackRock High Yield Bond Portfolio - Class A (BHYAX) is a mutual fund that primarily invests in a diverse portfolio of high-yield bonds. This fund is managed by BlackRock, one of the largest investment management firms in the world. The Class A shares of this fund are designed for individual investors and have a lower expense ratio compared to other share classes. The fund aims to provide investors with a high level of current income by investing in bonds with lower credit ratings but higher yields. However, this also comes with a higher level of risk. Overall, BHYAX is a suitable option for investors seeking higher returns through fixed income investments.