Rhea-AI Summary
SEI (NASDAQ: SEIC) converted the $1 billion SIMT High Yield Bond Fund into the SEI High Yield Bond & Alternative Credit ETF (NASDAQ: LEND), its first fixed income ETF. LEND keeps the mutual fund’s objective, strategy, and 30-year track record in a more accessible, cost-efficient ETF format.
The actively managed ETF combines a multi‑manager high yield bond allocation with an internally managed CLO sleeve, offering diversified exposure to traditional and alternative credit markets and access to institutional-caliber managers through a single vehicle.
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FAQ
What is the current stock price of SEI High Yield Bond & Alternative Credit ETF (LEND)?
SEI High Yield Bond & Alternative Credit ETF (LEND) last closed at $24.16.