U.S. High Yield Bond Fund.
For investors looking for diversified exposure to high yield bonds.
High yield bonds may offer attractive returns and income, while also playing a valuable role in portfolio diversification.
They are considered a hybrid asset class with features of fixed income (regular coupon payments and maturity dates) and equities (exposure to the economic cycle for which we expect to be compensated over time).
High yield bonds tend to be less sensitive to interest rates and tends to outperform investment-grade bonds when rates rise, benefiting from economic growth. The U.S. has the largest and most liquid bond market in the world. It includes a wide range of sectors, industries, and issuers.
What is the U.S. High Yield Bond Fund?
The U.S. High Yield Bond Fund seeks to provide a high level of total return by investing primarily in high yield fixed income securities issued primarily by U.S. corporations. The Fund invests primarily in a diversified portfolio of non-investment grade rated debt instruments and high-yield securities with a credit rating below BBB. The Fund's average weighted maturity may vary but will not exceed ten years. The Fund utilizes a manager-of-managers investment strategy that combines multiple specialist portfolio managers, each of whom is responsible for managing a portion of the Fund in accordance with a specific mandate.
About the fund
Advisors can allocate to the Fund within their own portfolios or gain access through a selection of asset allocation funds and portfolio models managed by SEI Investments Canada Company (SEI Canada).
Total net assets of U.S. High Yield Bond Fund
- $674.9 million*
Inception date
- September 11, 2009
Managers/mandates and allocation
- Brigade Capital Management (Tactical investment across capital structure)
- Ares Capital Management II (Intensive credit research)
- Benefit Street Partners (Bottom-up security selection)
- T. Rowe Price Associates (High-conviction with focus on under-followed issues)
- J.P. Morgan Investment Management (High yield, relative value)
- SEI Investments Management Corporation
Codes and fees.
Risk rating: Low to medium
| Class | Fundserv code | Management expense ratio (MER)** |
| F | PCA355 | 0.73% |
| F (hedged) | PCA8355 | 0.75% |
| E | PCA655 | 1.42% |
| E (hedged) | PCA8655 | 1.45% |
Learn more about this growing investment strategy.
* As at March 31, 2025.
** As at December 31, 2024.
Important Information
SEI Investments Canada Company, a wholly owned subsidiary of SEI Investments Company, is the Manager of the SEI Funds in Canada.
The information contained herein is for general and educational information purposes only and is not intended to constitute legal, tax, accounting, securities, research or investment advice regarding the Funds or any security in particular, nor an opinion regarding the appropriateness of any investment. This information should not be construed as a recommendation to purchase or sell a security, derivative or futures contract. You should not act or rely on the information contained herein without obtaining specific legal, tax, accounting and investment advice from an investment professional.
This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. There is no assurance as of the date of this material that the securities mentioned remain in or out of the SEI Funds.