4 / 5 Stars
4 5 1 2 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 5 Stars
#8 in High Yield Bond
U.S. News evaluated 166 High Yield Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 13.59 percent over the past year, 11.02 percent over the past three years, 10.04 percent over the past five years, and 8.45 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||4.7%|
|3 Years (Annualized)||11.0%|
|5 Years (Annualized)||10.0%|
|10 Years (Annualized)||8.4%|
The investment seeks total return. The 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. It 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 collateralized debt obligations (CDOs) and collateralized loan obligations (CLOs). 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).
Fees are Above Average compared to funds in the same category.
SEI Institutional Managed High Yield Bond Fund has an expense ratio of 0.89 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.