SEI High Yield Bond & Alternative Credit ETF (LEND)
SEI High Yield Bond & Alternative Credit ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wilmington, US. The stock last traded at $24.89, up 0.14% on the session, giving a market capitalisation of $1.03B. Its beta of 0.53 implies it has historically moved less than the broad market.
This fund is mandated to commit a significant portion of its assets – at least 80% of its net capital, including any funds raised through borrowing – to high-yield debt instruments. Its primary focus is on fixed income securities rated below investment grade, colloquially known as "junk bonds." This encompasses a broad range of credit products, such as corporate bonds, debentures, hybrid securities like convertible and preferred shares, zero-coupon obligations, and various tranches of structured credit vehicles including Collateralized Debt Obligations (CDOs) and Collateralized Loan Obligations (CLOs).