SEI High Yield Bond & Alternative Credit ETF (LEND)

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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).