About SIYYX
SEI Institutional Managed Trust High Yield Bond Fund Class Y is a mutual fund designed to pursue total return through investment in high-yield bonds. It allocates at least 80% of its net assets to lower-quality, high-income debt securities rated BB or below by major agencies or unrated equivalents, commonly known as junk bonds, which offer higher yields but carry greater credit, default, and liquidity risks compared to investment-grade bonds. The fund's portfolio emphasizes domestic bonds at around 80%, with additional exposure to non-U.S. bonds (13%), preferred securities, convertibles, and minimal domestic stocks, featuring diversified holdings across corporate issuers in sectors like energy, communications, and software, alongside cash equivalents. Managed within the SEI Institutional Managed Trust since its inception on December 31, 2014, it maintains a gross expense ratio of 0.74%, no sales loads, and a portfolio turnover of 63%, positioning it competitively within the high-yield bond category. This Class Y share class serves institutional investors seeking enhanced income potential in a riskier fixed-income environment.
Category High Yield Bond
Performance Rating High
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol SIYYX
Share Class Class Y
Index ICE BofA US High Yield Constrained TR
SIYYX had a total return of 6.76% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.16%.
