ETF Evaluator: SEI High Yield Bd & Alt Crdt ETF () Follow This ETF

SEI High Yield Bd & Alt Crdt ETF Overview

SEI High Yield Bd & Alt Crdt ETF (LEND) is an actively managed Taxable Bond High Yield Bond exchange-traded fund (ETF). SEI launched the ETF in 1995.

The investment seeks total return. Under normal circumstances, the SEI High Yield Bond & Alternative Credit ETF will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in high yield fixed income and, to a lesser extent, alternative credit securities, as those terms. It 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).

About SEI High Yield Bd & Alt Crdt ETF (LEND)

There are 15 members of the management team with an average tenure of 10.81 years: Robert Cook (2005), David Aniloff (2005), Seth Brufsky (2007), Thomas Gahan (2014), Tim Sauermelch (2026), Anthony Karaminas (2021), Michael Schafer (2015), Adam Dwinells (2025), Douglas Pardon (2017), Kapil Singh (2018), Chris Mathewson (2018), Jeffrey Lovell (2024), Paul Karpers (2016), Thomas Hauser (2005) and Donald Morgan (2009). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and ICE BofA US HY Constnd TR USD index with a weighting of 100%. SEI High Yield Bd & Alt Crdt ETF has 1399 securities in its portfolio. The top 10 holdings constitute 11.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

SEI High Yield Bd & Alt Crdt ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. SEI High Yield Bd & Alt Crdt ETF has 10.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.7% There is 0.0% allocated to foreign stock, and 0.7% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 88.2% (78.2% domestic bond, 10.0% foreign bond and 1.2% convertible bond). SEI High Yield Bd & Alt Crdt ETF has 8.3% of the portfolio in cash.

Assets Under Management

The fund has $1 billion in total assets, which is below the $1 billion average for the High Yield Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

LEND Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The SEI High Yield Bd & Alt Crdt ETF expense ratio is above average compared to funds in the High Yield Bond category. SEI High Yield Bd & Alt Crdt ETF has an expense ratio of 0.65%, which is 63% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. SEI High Yield Bd & Alt Crdt ETF has a portfolio turnover rate of 66%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 69% for the High Yield Bond category.

Recently, in the month of July 2026, SEI High Yield Bd & Alt Crdt ETF returned -1.1%, which earned it a grade of F, as the High Yield Bond category had an average return of -0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

SEI High Yield Bd & Alt Crdt ETF has a trailing yield of 5.52%, which is below the 6.77% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

SEI High Yield Bd & Alt Crdt ETF Grades

Year to date, the ETF has returned 0.2%, 1.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 2.8% over the past year (grade of F), 7.4% over the past three years (grade of D) and 3.6% per year over the past five years (grade of C) and 5.4% per year over the past 10 years (grade of B).

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