SEI High Yield Bond & Alternative Credit ETF

Frequently Asked Questions About LEND

What does LEND invest in?

The fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in high yield fixed income securities. It will invest primarily in fixed income securities rated below investment grade (junk bonds), including corporate bonds and debentures, convertible and preferred securities, zero coupon obligations and tranches of collateralized debt obligations (CDOs) and collateralized loan obligations (CLOs).

What is the expense ratio of LEND?

SEI High Yield Bond & Alternative Credit ETF (LEND) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations.

What is LEND's dividend yield?

LEND's trailing-twelve-month yield is 0.57%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of LEND?

Effective duration measures LEND's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. LEND's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of LEND?

LEND's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of LEND?

Yield to maturity (YTM) is the total return you'd earn from LEND if every bond in the portfolio is held to maturity at the current price. LEND's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.