SIIT HIGH YIELD BOND FUND
Actively managed U.S. bond fund
As of its 2026 Q2 report, SIIT HIGH YIELD BOND FUND held 1,442 positions with $2.10B in net assets. Its ten largest holdings made up 7.7% of the fund. The SGYAX share class costs 0.57% a year. Over the 12 months to May 2026, SGYAX returned 7.1%, with dividends reinvested. In 2026 Q2 it added 221 new positions and exited 183.
Total return.
The fund allocates its assets among multiple sub-advisers with differing investment philosophies, each managing portions of the portfolio under the general supervision of SEI Investments Management Corporation, to select high yield fixed income securities—primarily below-investment-grade corporate bonds, convertible and preferred securities, bank loans, and collateralized debt obligations—that offer high current yield and total return potential. The fund seeks a diversified portfolio across issuers and industries with an average weighted maturity generally not exceeding ten years. Because the fund's sub-advisers pursue different strategies and the filing places no limit on the maturity or credit quality of individual securities, the portfolio may diverge significantly from any benchmark or peer group.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
N/A | 3.53% | $73.99M | — |
NRG ENERGY, INC. 6.25% · due 2034-11-01 | 0.59% | $12.35M | — |
1261229 B.C. LTD. 10.00% · due 2032-04-15 | 0.57% | $12.00M | — |
VOYA CLO 0.00% floating · due 2039-07-15 | 0.55% | $11.42M | — |
CHARTER COMMUNICATIONS OPERATING, LLC 5.50% · due 2063-04-01 | 0.53% | $11.00M | — |
AKUMIN INC. 9.75% · due 2031-08-31 | 0.40% | $8.38M | — |
BENEFIT STREET PARTNERS CLO LTD 0.00% floating · due 2039-04-15 | 0.40% | $8.28M | — |
RADIOLOGY PARTNERS, INC. 8.50% · due 2032-07-15 | 0.39% | $8.19M | — |
LEVEL 3 FINANCING, INC. 6.88% · due 2033-06-30 | 0.39% | $8.15M | — |
RITHM CAPITAL CORP. 8.00% · due 2030-07-15 | 0.38% | $7.96M | — |
The 200 largest of 1,442 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 80.21% |
| Securitized | 7.77% |
| Loans | 6.11% |
| Cash & short-term | 3.53% |
| 2 smaller | 2.31% |
| Derivatives | -0.33% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
By sector
- Other
- 47.4%
- Government
- 10.7%
- Securitized
- 7.7%
- Financials
- 4.3%
- 12 other sectors
- 29.9%
- Other
- 47.4%
- Government
- 10.7%
- Securitized
- 7.7%
- Financials
- 4.3%
- Communication Services
- 4.2%
- Energy
- 3.6%
- Cash
- 3.5%
- Industrials
- 3.1%
- Consumer Discretionary
- 3.0%
- Information Technology
- 2.7%
- Health Care
- 2.6%
- Utilities
- 2.5%
- Consumer Staples
- 1.7%
- Materials
- 1.7%
- Real Estate
- 0.7%
- International
- 0.5%
How it has done
SGYAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 2.96%. Past returns are a record, not a forecast.
Fees & fund details
SIIT HIGH YIELD BOND FUND is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- High yield
- Rate sensitivity
- Short duration
- Expense ratio, by class
- 0.57%· SGYAX 0.57%
- Portfolio turnover
- 53.00% a year · as of 2025 Q3
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
221 new· the largest 8
183 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 84.8% |
| Floating rate | 14.9% |
| Zero-coupon or unclassified | 0.3% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 2.8% |
| 1-3y | 20.2% |
| 3-5y | 33.2% |
| 5-10y | 35.3% |
| 10y+ | 8.6% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 52% |
| Interest rates | 48% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| High yield | +2.59 yr |
| Investment grade | +0.25 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 1 yr | 0.71 yr | 27% |
| 5 yr | 1.47 yr | 56% |
| 10 yr | 0.37 yr | 14% |
| 30 yr | 0.09 yr | 3% |
3 mo is NEGATIVE (-0.03 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.03 yr | 1% |
| 1 yr | 0.77 yr | 27% |
| 5 yr | 1.50 yr | 53% |
| 10 yr | 0.45 yr | 16% |
| 30 yr | 0.09 yr | 3% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | -0.03 | +0.00 | +0.03 | $406 | $6.3k |
| 1 yr | +0.71 | +0.03 | +0.74 | $5.6k | $156.0k |
| 5 yr | +1.47 | +0.06 | +1.44 | $12.9k | $301.8k |
| 10 yr | +0.37 | +0.09 | +0.36 | $18.3k | $75.3k |
| 30 yr | +0.09 | +0.08 | +0.01 | $15.8k | $2.6k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 2.61 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Understand how this fund fits with the rest.
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