SIIT HIGH YIELD BOND FUND
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
8.8%
1 yr return
13.4%
3 Yr Avg Return
3.0%
5 Yr Avg Return
5.4%
Net Assets
$1.98 B
Holdings in Top 10
8.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.57%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SGYAX - Profile
Distributions
- YTD Total Return 8.8%
- 3 Yr Annualized Total Return 3.0%
- 5 Yr Annualized Total Return 5.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 5.61%
- Dividend Yield 8.9%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameSIIT HIGH YIELD BOND FUND
-
Fund Family NameSEI Funds
-
Inception DateDec 05, 2005
-
Shares Outstanding281252614
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Aniloff
Fund Description
Under normal circumstances, the High Yield Bond 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. The Fund 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).
The Fund uses a multi-manager approach, relying upon a number of sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) with differing investment philosophies to manage portions of the Fund's portfolio under the general supervision of SEI Investments Management Corporation (SIMC or the Adviser). Assets of the Fund not allocated to Sub-Advisers are managed directly by SIMC. In managing the Fund's assets, the Sub-Advisers and, to the extent applicable, SIMC, seek to select securities that offer a high current yield as well as total return potential. The Fund seeks to have a portfolio of securities that is diversified as to issuers and industries. The Fund's average weighted maturity may vary, but will generally not exceed ten years. There is no limit on the maturity or credit quality of any individual security in which the Fund may invest.
As noted above, the Fund will invest primarily in securities rated BB, B, CCC, CC, C and D. However, it may also invest in non-rated securities or securities rated investment grade (AAA, AA, A and BBB). The Fund may also invest in exchange-traded funds (ETFs) to gain exposure to a particular portion of the market while awaiting an opportunity to purchase securities directly. The Fund may also invest a portion of its assets in bank loans, which are generally non-investment grade (junk bond) floating rate instruments. The Fund may invest in bank loans in the form of participations in the loans (participations) and assignments of all or a portion of the loans from third parties (assignments).
The Fund may also invest in futures contracts, forward contracts and swaps for speculative or hedging purposes. Futures, forwards and swaps are used to synthetically obtain exposure to securities or baskets of securities and to manage the Fund's interest rate duration and yield curve exposure. These derivatives are also used to mitigate the Fund's overall level of risk and/or the Fund's risk to particular types of securities, currencies or market segments. Interest rate swaps are further used to manage the Fund's yield spread sensitivity. When the Fund seeks to take an active long or short position with respect to the likelihood of an event of default of a security or basket of securities, the Fund may use credit default swaps. The Fund may buy credit default swaps in an attempt to manage credit risk where the Fund has credit exposure to an issuer and the Fund may sell credit default swaps to more efficiently gain credit exposure to such security or basket of securities.
SGYAX - Performance
Return Ranking - Trailing
Period | SGYAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.8% | -7.2% | 14.7% | 6.33% |
1 Yr | 13.4% | -1.4% | 17.3% | 23.86% |
3 Yr | 3.0%* | -14.6% | 20.8% | 25.75% |
5 Yr | 5.4%* | -12.2% | 36.9% | 10.02% |
10 Yr | 5.0%* | -5.2% | 19.9% | 8.00% |
* Annualized
Return Ranking - Calendar
Period | SGYAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.3% | -4.7% | 14.3% | 97.88% |
2022 | -20.0% | -33.4% | 3.6% | 94.57% |
2021 | 3.9% | -8.4% | 8.2% | 3.07% |
2020 | -1.8% | -13.2% | 302.7% | 81.02% |
2019 | 6.1% | -4.4% | 13.3% | 76.31% |
Total Return Ranking - Trailing
Period | SGYAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.8% | -7.2% | 14.7% | 6.33% |
1 Yr | 13.4% | -1.4% | 17.3% | 23.86% |
3 Yr | 3.0%* | -14.6% | 20.8% | 25.75% |
5 Yr | 5.4%* | -12.2% | 36.9% | 10.02% |
10 Yr | 5.0%* | -5.2% | 19.9% | 8.00% |
* Annualized
Total Return Ranking - Calendar
Period | SGYAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.5% | -4.7% | 18.7% | 5.86% |
2022 | -10.9% | -33.4% | 47.8% | 56.09% |
2021 | 10.7% | -8.4% | 12.4% | 2.39% |
2020 | 6.6% | -9.6% | 325.6% | 27.94% |
2019 | 14.7% | -3.8% | 19.4% | 32.37% |
NAV & Total Return History
SGYAX - Holdings
Concentration Analysis
SGYAX | Category Low | Category High | SGYAX % Rank | |
---|---|---|---|---|
Net Assets | 1.98 B | 3.13 M | 23.6 B | 25.65% |
Number of Holdings | 1226 | 2 | 3879 | 5.22% |
Net Assets in Top 10 | 156 M | -492 M | 5.25 B | 35.89% |
Weighting of Top 10 | 8.11% | 4.2% | 146.0% | 90.70% |
Top 10 Holdings
- SEI DAILY INCOME TRUST GOVERNMENT FUND (#36) 4.13%
- ZAYO GROUP HOLDINGS INC 144A 4.000000% 03/01/2027 0.60%
- COMSTOCK RESOURCES INC 144A 6.750000% 03/01/2029 0.48%
- CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP 144A 5.125000% 05/01/2027 0.46%
- TEAM HEALTH HOLDINGS, INC. 3/2/2027 0.45%
- DISH NETWORK CORP 144A 11.750000% 11/15/2027 0.43%
- TCP WHITNEY CLO LLC SERIES: 2017-1I CLASS: SUB 0.42%
- GLOBAL MEDICAL RESPONSE INC 144A 10.000000% 10/31/2028 0.39%
- CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP 144A 4.500000% 08/15/2030 0.38%
- TRONOX INC 144A 4.625000% 03/15/2029 0.38%
Asset Allocation
Weighting | Return Low | Return High | SGYAX % Rank | |
---|---|---|---|---|
Bonds | 93.03% | 0.00% | 145.36% | 70.13% |
Cash | 4.63% | -52.00% | 48.02% | 38.34% |
Stocks | 1.66% | 0.00% | 99.64% | 23.86% |
Convertible Bonds | 1.27% | 0.00% | 17.89% | 43.56% |
Preferred Stocks | 0.59% | 0.00% | 4.97% | 15.33% |
Other | 0.09% | -39.08% | 99.96% | 35.07% |
Stock Sector Breakdown
Weighting | Return Low | Return High | SGYAX % Rank | |
---|---|---|---|---|
Energy | 54.96% | 0.00% | 100.00% | 37.54% |
Real Estate | 14.32% | 0.00% | 86.71% | 8.80% |
Communication Services | 13.54% | 0.00% | 99.99% | 25.51% |
Industrials | 12.24% | 0.00% | 93.12% | 7.62% |
Technology | 3.75% | 0.00% | 33.17% | 14.08% |
Healthcare | 1.19% | 0.00% | 22.17% | 12.61% |
Utilities | 0.00% | 0.00% | 100.00% | 92.67% |
Financial Services | 0.00% | 0.00% | 100.00% | 95.89% |
Consumer Defense | 0.00% | 0.00% | 100.00% | 94.43% |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | 95.01% |
Basic Materials | 0.00% | 0.00% | 100.00% | 93.26% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SGYAX % Rank | |
---|---|---|---|---|
US | 1.64% | 0.00% | 99.64% | 23.98% |
Non US | 0.02% | -0.01% | 0.83% | 13.70% |
Bond Sector Breakdown
Weighting | Return Low | Return High | SGYAX % Rank | |
---|---|---|---|---|
Corporate | 88.15% | 0.00% | 100.00% | 83.99% |
Securitized | 8.98% | 0.00% | 97.24% | 4.25% |
Cash & Equivalents | 4.13% | 0.00% | 48.02% | 37.36% |
Derivative | 0.09% | -14.19% | 42.26% | 21.70% |
Municipal | 0.00% | 0.00% | 1.17% | 91.01% |
Government | 0.00% | 0.00% | 99.07% | 93.79% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | SGYAX % Rank | |
---|---|---|---|---|
US | 93.03% | 0.00% | 126.57% | 52.85% |
Non US | 0.00% | 0.00% | 96.91% | 94.94% |
SGYAX - Expenses
Operational Fees
SGYAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.57% | 0.02% | 38.33% | 88.27% |
Management Fee | 0.49% | 0.00% | 1.75% | 28.46% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.05% | 0.00% | 0.50% | 25.13% |
Sales Fees
SGYAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
SGYAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
SGYAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 1.00% | 255.00% | 73.34% |
SGYAX - Distributions
Dividend Yield Analysis
SGYAX | Category Low | Category High | SGYAX % Rank | |
---|---|---|---|---|
Dividend Yield | 8.88% | 0.00% | 11.76% | 1.13% |
Dividend Distribution Analysis
SGYAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
SGYAX | Category Low | Category High | SGYAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 5.61% | -2.39% | 9.30% | 7.81% |
Capital Gain Distribution Analysis
SGYAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.053 | OrdinaryDividend |
Aug 30, 2024 | $0.055 | OrdinaryDividend |
Jul 31, 2024 | $0.053 | OrdinaryDividend |
Mar 28, 2024 | $0.059 | OrdinaryDividend |
Feb 29, 2024 | $0.057 | OrdinaryDividend |
Jan 31, 2024 | $0.061 | OrdinaryDividend |
Dec 29, 2023 | $0.065 | OrdinaryDividend |
Dec 15, 2023 | $0.176 | CapitalGainShortTerm |
Nov 30, 2023 | $0.062 | OrdinaryDividend |
Oct 31, 2023 | $0.062 | OrdinaryDividend |
Sep 29, 2023 | $0.065 | OrdinaryDividend |
Aug 31, 2023 | $0.069 | OrdinaryDividend |
Jul 31, 2023 | $0.066 | OrdinaryDividend |
Jun 30, 2023 | $0.064 | OrdinaryDividend |
May 31, 2023 | $0.058 | OrdinaryDividend |
Apr 28, 2023 | $0.052 | OrdinaryDividend |
Mar 31, 2023 | $0.055 | OrdinaryDividend |
Feb 28, 2023 | $0.054 | OrdinaryDividend |
Jan 31, 2023 | $0.054 | OrdinaryDividend |
Dec 30, 2022 | $0.055 | OrdinaryDividend |
Dec 16, 2022 | $0.201 | CapitalGainShortTerm |
Nov 30, 2022 | $0.050 | OrdinaryDividend |
Oct 31, 2022 | $0.051 | OrdinaryDividend |
Sep 30, 2022 | $0.050 | OrdinaryDividend |
Aug 31, 2022 | $0.050 | OrdinaryDividend |
Jul 29, 2022 | $0.051 | OrdinaryDividend |
Jun 30, 2022 | $0.046 | OrdinaryDividend |
May 31, 2022 | $0.048 | OrdinaryDividend |
Apr 29, 2022 | $0.045 | OrdinaryDividend |
Mar 31, 2022 | $0.050 | OrdinaryDividend |
Feb 28, 2022 | $0.041 | OrdinaryDividend |
Jan 31, 2022 | $0.052 | OrdinaryDividend |
Dec 31, 2021 | $0.044 | OrdinaryDividend |
Nov 30, 2021 | $0.041 | OrdinaryDividend |
Oct 29, 2021 | $0.043 | OrdinaryDividend |
Sep 30, 2021 | $0.041 | OrdinaryDividend |
Aug 31, 2021 | $0.046 | OrdinaryDividend |
Jul 30, 2021 | $0.045 | OrdinaryDividend |
Jun 30, 2021 | $0.045 | OrdinaryDividend |
May 28, 2021 | $0.042 | OrdinaryDividend |
Apr 30, 2021 | $0.045 | OrdinaryDividend |
Mar 31, 2021 | $0.047 | OrdinaryDividend |
Feb 26, 2021 | $0.037 | OrdinaryDividend |
Jan 29, 2021 | $0.042 | OrdinaryDividend |
Dec 31, 2020 | $0.045 | OrdinaryDividend |
Dec 11, 2020 | $0.097 | CapitalGainShortTerm |
Nov 30, 2020 | $0.038 | OrdinaryDividend |
Oct 30, 2020 | $0.040 | OrdinaryDividend |
Sep 30, 2020 | $0.044 | OrdinaryDividend |
Aug 31, 2020 | $0.046 | OrdinaryDividend |
Jul 31, 2020 | $0.047 | OrdinaryDividend |
Jun 30, 2020 | $0.047 | OrdinaryDividend |
May 29, 2020 | $0.045 | OrdinaryDividend |
Apr 30, 2020 | $0.041 | OrdinaryDividend |
Mar 31, 2020 | $0.045 | OrdinaryDividend |
Feb 28, 2020 | $0.042 | OrdinaryDividend |
Jan 31, 2020 | $0.047 | OrdinaryDividend |
Dec 31, 2019 | $0.047 | OrdinaryDividend |
Dec 13, 2019 | $0.073 | CapitalGainShortTerm |
Nov 29, 2019 | $0.044 | OrdinaryDividend |
Oct 31, 2019 | $0.047 | OrdinaryDividend |
Sep 30, 2019 | $0.046 | OrdinaryDividend |
Aug 30, 2019 | $0.048 | OrdinaryDividend |
Jul 31, 2019 | $0.046 | OrdinaryDividend |
Jun 28, 2019 | $0.046 | OrdinaryDividend |
Dec 14, 2018 | $0.063 | CapitalGainShortTerm |
Dec 14, 2017 | $0.082 | CapitalGainShortTerm |
Dec 11, 2015 | $0.073 | CapitalGainShortTerm |
Dec 11, 2015 | $0.000 | CapitalGainLongTerm |
Dec 11, 2013 | $0.066 | CapitalGainShortTerm |
Dec 11, 2013 | $0.098 | CapitalGainLongTerm |
Dec 07, 2011 | $0.014 | CapitalGainShortTerm |
SGYAX - Fund Manager Analysis
Managers
David Aniloff
Start Date
Tenure
Tenure Rank
Dec 05, 2005
16.5
16.5%
Mr. Aniloff, CFA, joined SIMC in 2000 and currently serves as a Senior Portfolio Manager on the Global High Yield Team. Mr. Aniloff was also a key developer of SIMC's structured credit solutions and currently serves as Co-Portfolio Manager with responsibility for security selection and portfolio construction. In addition, Mr. Aniloff has been integral in the development and implementation of SIMC's proprietary structured credit monitoring technology.
Robert Cook
Start Date
Tenure
Tenure Rank
Sep 30, 2006
15.68
15.7%
Robert L. Cook, managing director, is the global head of the High Yield team in the Global Fixed Income, Currency & Commodities (GFICC) group.Based inIndianapolis, he is the lead portfolio manager and is responsible for overseeing high yield total return strategies, sub-advised mutual fund assets and absolute return credit products. Rob is also a member of the Global Fixed Income Macro Strategy Team. Prior to joining the firm in 2004, Rob spent ten years at 40|86 Advisors, most recently as co-head of the Fixed Income investment process, responsible for managing high yield total return assets a
Seth Brufsky
Start Date
Tenure
Tenure Rank
Mar 23, 2007
15.2
15.2%
Mr. Brufsky is a Partner in the Ares Credit Group, Co-Head and Portfolio Manager of Global Liquid Credit and a member of the Management Committee of Ares Management. Mr. Brufsky also serves as a Director, President, Chief Executive Officer and Portfolio Manager of the Ares Dynamic Credit Allocation Fund, Inc. (NYSE: ARDC). Additionally, he serves as a member of the Ares Credit Group’s U.S. Liquid Credit Investment Committee and the Ares Dynamic Credit Allocation Fund Investment Committee.
Thomas Gahan
Start Date
Tenure
Tenure Rank
Apr 01, 2014
8.17
8.2%
Tom Gahan is chief executive officer of Benefit Street and is based in the firm’s New York office. Prior to joining Providence Equity Capital Markets LLC in 2008, a partner firm of Benefit Street, and launching Benefit Street in 2011, Mr. Gahan was global head of capital markets of Deutsche Bank Securities Inc. and head of corporate and investment banking in the Americas. Before joining Deutsche Bank, Mr. Gahan spent eleven years at Merrill Lynch, most recently as global head of credit trading within the fixed income division. Mr. Gahan received a BA degree from Brown University.
Michael Paasche
Start Date
Tenure
Tenure Rank
Apr 01, 2014
8.17
8.2%
Mr. Paasche has been a Senior Managing Director of Benefit Street and its affiliates since the firm's formation.
Michael Schafer
Start Date
Tenure
Tenure Rank
Sep 30, 2015
6.67
6.7%
Mr. Schafer serves as an Portfolio Manager for the SEI High Yield fixed income strategies within the Investment Management Unit. Prior to joining the Global Fixed Income Team, he was a member of the Portfolio Implementations Team and Liquidity Management Unit. Previously, he was a Supervisor in SEI's fund accounting department.
Paul Karpers
Start Date
Tenure
Tenure Rank
Sep 30, 2016
5.67
5.7%
Paul A. Karpers is a portfolio manager in the Fixed Income Division for T. Rowe Price’s U.S. and Global High Yield Strategies. Mr. Karpers is a vice president of T. Rowe Price Group and T. Rowe Price Associates, Inc. Mr. Karpers has 17 years of investment experience, all of which have been at T. Rowe Price. Prior to joining T. Rowe Price in 1994, Mr. Karpers was an analyst with the Vanguard Group in Malvern, Pennsylvania. Mr. Karpers earned a B.S. in finance from LaSalle University and an M.B.A. with concentrations in finance and information systems from the Stern School of Business at New York University. Mr. Karpers has earned the Chartered Financial Analyst designation and is a member of the CFA Institute and the Baltimore CFA Society.
Douglas Pardon
Start Date
Tenure
Tenure Rank
Sep 30, 2017
4.67
4.7%
Douglas C. Pardon joined Brigade in 2007and became involved with the investment decision made with respect to the High Yield Bond Fund in 2017.. Prior to joining Brigade Capital Management, LP. Mr. Pardon was a Vice President/Senior Analyst in the High Yield Group at Lehman Asset Management. Mr. Pardon also served as an Analyst in the Mergers and Acquisitions Group at Merrill Lynch & Co.
Kapil Singh
Start Date
Tenure
Tenure Rank
Dec 31, 2018
3.42
3.4%
Mr. Singh is a Partner and Portfolio Manager of U.S. Liquid Credit in the Ares Credit Group, where he is primarily responsible for managing Ares’ U.S. high yield credit strategies. Additionally, he serves as a member of the Ares Credit Group’s U.S. Liquid Credit Investment Committee and the Liquid Credit Allocation Committee. Prior to joining Ares in 2018, Mr. Singh was a Portfolio Manager in the Global Developed Credit Group at DoubleLine Capital, where he managed high yield bonds across strategies and portfolios in a variety of investment vehicles. Previously, Mr. Singh was a Senior Analyst at the Post Advisory Group, where he managed high yield bonds and leveraged loans within the energy sector. In addition, Mr. Singh was Co-Portfolio Manager and Senior Credit Analyst at Four Corners Capital, a subsidiary of Macquarie Funds Group. He also held positions at Bradford & Marzec, PPM America and Heller Financial. Mr. Singh holds a B.S. from the University of Illinois, Urbana-Champaign College of Business in Finance and an M.B.A. from Northwestern University, Kellogg School of Management in Strategy and Finance. Additionally, Mr. Singh is a CFA® charterholder.
Chris Matthewson
Start Date
Tenure
Tenure Rank
Dec 31, 2018
3.42
3.4%
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.13 | 37.79 | 7.31 | 8.17 |