About SHYAX
SIMT High Yield Bond Fund Class F is a mutual fund focused on generating total return through investments in high yield fixed income securities. The fund allocates at least 80% of its assets to bonds rated below investment grade, commonly known as junk bonds, including corporate bonds, debentures, convertible and preferred securities, zero coupon obligations, and tranches of collateralized debt and loan obligations. Its portfolio is diversified across sectors such as corporate bonds, asset-backed securities, bank loans, and a small allocation to government and convertible instruments. With a long-standing manager tenure and a history dating back to 1995, the fund is designed for investors seeking higher income potential, though it carries increased credit and market risk due to its focus on lower-rated debt. The fund is not classified as leveraged, inverse, or ESG-focused, and is managed by SEI Institutional Managed Trust. It is suitable for investors with a higher risk tolerance seeking exposure to the high yield bond market.
Fund Family SEI
Category High Yield Bond
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol SHYAX
Share Class Class F
Index ICE BofA US High Yield Constrained TR
SHYAX had a total return of 6.99% in the past year, including dividends. Since the fund's
inception, the average annual return has been 15.93%.
