SEI Inst Mgd High Yield Bond Fund;Y

Frequently Asked Questions About SIYYX

What does SIYYX 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 SIYYX?

SEI Inst Mgd High Yield Bond Fund;Y (SIYYX) charges an expense ratio of 0.74%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of SIYYX?

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

What is the credit quality of SIYYX?

SIYYX'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 SIYYX?

Yield to maturity (YTM) is the total return you'd earn from SIYYX if every bond in the portfolio is held to maturity at the current price. SIYYX'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.

How big is SIYYX?

SEI Inst Mgd High Yield Bond Fund;Y (SIYYX) manages $1.04B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.