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SDIT SHORT DURATION GOVERNMENT FUND
mutual fund
SDGFX
Payout Change
Pending
Price as of:
$10.05
+0.0
+0.0%
primary theme
Short-Term U.S. Treasury Note
share class
SDGFX (Mutual Fund)
SDIT SHORT DURATION GOVERNMENT FUND
Payout Change
Pending
Price as of:
$10.05
+0.0
+0.0%
primary theme
Short-Term U.S. Treasury Note
share class
SDGFX (Mutual Fund)
SDIT SHORT DURATION GOVERNMENT FUND
Payout Change
Pending
Price as of:
$10.05
+0.0
+0.0%
primary theme
Short-Term U.S. Treasury Note
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
4.6%
1 yr return
4.7%
3 Yr Avg Return
1.5%
5 Yr Avg Return
1.5%
Net Assets
$582 M
Holdings in Top 10
73.8%
52 WEEK LOW AND HIGH
$10.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.33%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 132.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
SDGFX - Profile
Distributions
- YTD Total Return 4.6%
- 3 Yr Annualized Total Return 1.5%
- 5 Yr Annualized Total Return 1.5%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.42%
- Dividend Yield 3.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameSDIT SHORT DURATION GOVERNMENT FUND
-
Fund Family NameSEI Funds
-
Inception DateFeb 17, 1987
-
Shares Outstanding3570219
-
Share ClassY
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrian Conroy
Fund Description
Under normal circumstances, the Short-Duration Government Fund invests substantially all of its net assets in U.S. Treasury obligations and obligations issued or guaranteed as to principal and interest by agencies or instrumentalities of the U.S. Government, including mortgage-backed securities, and repurchase agreements collateralized by such obligations. The Fund may invest in securities issued by various entities sponsored by the U.S. Government, such as the Federal National Mortgage Association and the Federal Home Loan
Mortgage Corporation. These issuers are chartered or sponsored by acts of Congress; however, their securities are neither issued nor guaranteed by the U.S. Treasury and are not backed by the full faith and credit of the U.S. Government. In addition, the Fund may enter into dollar roll transactions with selected banks and broker-dealers and invest in to-be-announced mortgage-backed securities, futures contracts and forward contracts. The Fund will primarily use futures contracts for hedging purposes to manage the Fund's exposure to interest rate risk. There may also be times when the Fund utilizes futures contracts to take an active position on interest rates to either increase or reduce the interest rate sensitivity of the Fund. Due to its investment strategy, the Fund may buy and sell securities and other instruments frequently.
Using a top-down strategy and bottom-up security selection, the sub-adviser (the Sub-Adviser) seeks attractively-valued securities that offer competitive yields. The Sub-Adviser also considers factors such as the anticipated level of interest rates, relative valuations and yield spreads, and the duration of the Fund's entire portfolio. Duration measures the price sensitivity of a fixed income security to changes in interest rates. For example, a five year duration means that the fixed income security will decrease in value by 5% if interest rates rise 1% and increase in value by 5% if interest rates fall 1%. While the Fund may invest in securities with any maturity or duration, the Sub-Adviser will strive to maintain a portfolio duration of up to three years under normal market conditions.
SDGFX - Performance
Return Ranking - Trailing
| Period | SDGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.6% | -0.4% | 7.3% | 11.39% |
| 1 Yr | 4.7% | -0.2% | 7.5% | 12.66% |
| 3 Yr | 1.5%* | -2.1% | 3.1% | 10.26% |
| 5 Yr | 1.5%* | -0.8% | 2.1% | 8.11% |
| 10 Yr | N/A* | -0.2% | 2.4% | 34.94% |
* Annualized
Return Ranking - Calendar
| Period | SDGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.3% | -1.6% | 4.4% | 31.65% |
| 2022 | -5.3% | -10.4% | -1.0% | 24.36% |
| 2021 | -1.9% | -6.4% | -0.2% | 41.03% |
| 2020 | 2.2% | -1.8% | 4.9% | 52.70% |
| 2019 | 1.4% | -1.4% | 3.3% | 30.56% |
Total Return Ranking - Trailing
| Period | SDGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.6% | -0.4% | 7.3% | 11.39% |
| 1 Yr | 4.7% | -0.2% | 7.5% | 12.66% |
| 3 Yr | 1.5%* | -2.1% | 3.1% | 10.26% |
| 5 Yr | 1.5%* | -0.8% | 2.1% | 8.11% |
| 10 Yr | N/A* | -0.2% | 2.4% | 32.93% |
* Annualized
Total Return Ranking - Calendar
| Period | SDGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.5% | 2.4% | 6.2% | 22.78% |
| 2022 | -4.0% | -9.3% | 0.2% | 23.08% |
| 2021 | -0.9% | -3.1% | 0.1% | 33.33% |
| 2020 | 3.9% | 0.4% | 6.0% | 32.43% |
| 2019 | 3.7% | 1.1% | 5.5% | 34.72% |
NAV & Total Return History
SDGFX - Holdings
Concentration Analysis
| SDGFX | Category Low | Category High | SDGFX % Rank | |
|---|---|---|---|---|
| Net Assets | 582 M | 11.1 M | 23.7 B | 26.58% |
| Number of Holdings | 420 | 7 | 1073 | 27.85% |
| Net Assets in Top 10 | 475 M | 2 M | 6.85 B | 18.99% |
| Weighting of Top 10 | 73.81% | 15.6% | 100.0% | 6.33% |
Top 10 Holdings
- US 2YR NOTE (CBT) SEP24 FINANCIAL COMMODITY FUTURE. 38.29%
- US TREASURY N/B 4.375000% 12/15/2026 8.38%
- US TREASURY N/B 4.000000% 02/15/2026 6.98%
- TRI-PARTY REPURCHASE AGREEMENT (ACT/360) DAILY RESET PARIBAS 5.13%
- TRI-PARTY REPURCHASE AGREEMENT (ACT/360) DAILY RESET DEUTSCHE 5.12%
- FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS K516 A2 2.26%
- GINNIE MAE II POOL 30YR TBA (AUGUST) 2.21%
- FANNIE MAE OR FREDDIE MAC 30YR TBA (AUGUST) 2.11%
- FANNIE MAE POOL FN FS2749 1.74%
- FANNIE MAE POOL FN FS3867 1.60%
Asset Allocation
| Weighting | Return Low | Return High | SDGFX % Rank | |
|---|---|---|---|---|
| Bonds | 92.94% | 70.16% | 130.82% | 79.75% |
| Other | 20.59% | -29.30% | 29.90% | 5.06% |
| Stocks | 0.00% | 0.00% | 0.72% | 56.96% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 53.16% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 52.56% |
| Cash | 0.00% | 0.00% | 14.15% | 96.20% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | SDGFX % Rank | |
|---|---|---|---|---|
| Government | 62.64% | 0.00% | 99.96% | 41.03% |
| Securitized | 31.17% | 0.00% | 100.00% | 60.26% |
| Derivative | 10.34% | -0.11% | 11.49% | 3.80% |
| Cash & Equivalents | 0.00% | 0.00% | 14.15% | 89.87% |
| Corporate | 0.00% | 0.00% | 34.19% | 61.54% |
| Municipal | 0.00% | 0.00% | 6.22% | 60.26% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | SDGFX % Rank | |
|---|---|---|---|---|
| US | 92.94% | 70.16% | 130.82% | 79.75% |
| Non US | 0.00% | 0.00% | 0.00% | 53.16% |
SDGFX - Expenses
Operational Fees
| SDGFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.33% | 0.03% | 2.91% | 77.22% |
| Management Fee | 0.10% | 0.03% | 0.80% | 14.10% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.20% | 0.10% | 0.45% | 90.91% |
Sales Fees
| SDGFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.50% | 4.75% | N/A |
| Deferred Load | N/A | 0.50% | 1.00% | N/A |
Trading Fees
| SDGFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 0.25% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| SDGFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 132.00% | 0.00% | 466.00% | 45.90% |
SDGFX - Distributions
Dividend Yield Analysis
| SDGFX | Category Low | Category High | SDGFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.47% | 0.00% | 5.67% | 69.62% |
Dividend Distribution Analysis
| SDGFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| SDGFX | Category Low | Category High | SDGFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.42% | -0.78% | 3.29% | 57.89% |
Capital Gain Distribution Analysis
| SDGFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.029 | OrdinaryDividend |
| Oct 31, 2024 | $0.029 | OrdinaryDividend |
| Sep 30, 2024 | $0.030 | OrdinaryDividend |
| Aug 30, 2024 | $0.030 | OrdinaryDividend |
| Jul 31, 2024 | $0.030 | OrdinaryDividend |
| Mar 28, 2024 | $0.031 | OrdinaryDividend |
| Feb 29, 2024 | $0.029 | OrdinaryDividend |
| Jan 31, 2024 | $0.028 | OrdinaryDividend |
| Dec 29, 2023 | $0.026 | OrdinaryDividend |
| Nov 30, 2023 | $0.025 | OrdinaryDividend |
| Oct 31, 2023 | $0.025 | OrdinaryDividend |
| Sep 29, 2023 | $0.025 | OrdinaryDividend |
| Aug 31, 2023 | $0.025 | OrdinaryDividend |
| Jul 31, 2023 | $0.025 | OrdinaryDividend |
| Jun 30, 2023 | $0.026 | OrdinaryDividend |
| May 31, 2023 | $0.025 | OrdinaryDividend |
| Apr 28, 2023 | $0.022 | OrdinaryDividend |
| Mar 31, 2023 | $0.022 | OrdinaryDividend |
| Feb 28, 2023 | $0.019 | OrdinaryDividend |
| Jan 31, 2023 | $0.020 | OrdinaryDividend |
| Dec 30, 2022 | $0.018 | OrdinaryDividend |
| Nov 30, 2022 | $0.017 | OrdinaryDividend |
| Oct 31, 2022 | $0.014 | OrdinaryDividend |
| Sep 30, 2022 | $0.013 | OrdinaryDividend |
| Aug 31, 2022 | $0.013 | OrdinaryDividend |
| Jul 29, 2022 | $0.012 | OrdinaryDividend |
| Jun 30, 2022 | $0.010 | OrdinaryDividend |
| May 31, 2022 | $0.007 | OrdinaryDividend |
| Apr 29, 2022 | $0.007 | OrdinaryDividend |
| Mar 31, 2022 | $0.007 | OrdinaryDividend |
| Feb 28, 2022 | $0.007 | OrdinaryDividend |
| Jan 31, 2022 | $0.007 | OrdinaryDividend |
| Dec 31, 2021 | $0.007 | OrdinaryDividend |
| Nov 30, 2021 | $0.007 | OrdinaryDividend |
| Oct 29, 2021 | $0.007 | OrdinaryDividend |
| Sep 30, 2021 | $0.007 | OrdinaryDividend |
| Aug 31, 2021 | $0.007 | OrdinaryDividend |
| Jul 30, 2021 | $0.009 | OrdinaryDividend |
| Jun 30, 2021 | $0.008 | OrdinaryDividend |
| May 28, 2021 | $0.009 | OrdinaryDividend |
| Apr 30, 2021 | $0.008 | OrdinaryDividend |
| Mar 31, 2021 | $0.009 | OrdinaryDividend |
| Feb 26, 2021 | $0.009 | OrdinaryDividend |
| Jan 29, 2021 | $0.010 | OrdinaryDividend |
| Dec 31, 2020 | $0.007 | OrdinaryDividend |
| Nov 30, 2020 | $0.016 | OrdinaryDividend |
| Oct 30, 2020 | $0.012 | OrdinaryDividend |
| Sep 30, 2020 | $0.011 | OrdinaryDividend |
| Aug 31, 2020 | $0.012 | OrdinaryDividend |
| Jul 31, 2020 | $0.014 | OrdinaryDividend |
| Jun 30, 2020 | $0.012 | OrdinaryDividend |
| May 29, 2020 | $0.013 | OrdinaryDividend |
| Apr 30, 2020 | $0.013 | OrdinaryDividend |
| Mar 31, 2020 | $0.015 | OrdinaryDividend |
| Feb 28, 2020 | $0.014 | OrdinaryDividend |
| Jan 31, 2020 | $0.020 | OrdinaryDividend |
| Dec 31, 2019 | $0.016 | OrdinaryDividend |
| Nov 29, 2019 | $0.016 | OrdinaryDividend |
| Oct 31, 2019 | $0.017 | OrdinaryDividend |
| Sep 30, 2019 | $0.017 | OrdinaryDividend |
| Aug 30, 2019 | $0.018 | OrdinaryDividend |
| Jul 31, 2019 | $0.018 | OrdinaryDividend |
| Jun 28, 2019 | $0.018 | OrdinaryDividend |
SDGFX - Fund Manager Analysis
Managers
Brian Conroy
Start Date
Tenure
Tenure Rank
Dec 31, 2012
9.42
9.4%
Brian Conroy, CFA, Managing Director and Fixed Income Portfolio Manager of Wellington Management. Mr. Conroy joined Wellington Management as an investment professional in 2012. Prior to joining Wellington, Mr. Conroy earned his MBA from Harvard Business School in 2012. From 2005 to 2010, he worked at Susquehanna International Group, first as a fixed income trader and then as an equity index derivatives trader.
Richard Bamford
Start Date
Tenure
Tenure Rank
Dec 31, 2014
7.42
7.4%
Richard A. Bamford serves as a Portfolio Manager for the Fixed Income Team within SIMC's Investment Management Unit. Mr. Bamford is responsible for investment grade debt and municipal bond portfolios. Mr. Bamford's duties include manager analysis and selection, strategy development and enhancement as well as investment research. Mr. Bamford has over 20 years of investment experience in investment management. Prior to joining SEI in 1999, Mr. Bamford worked as a Municipal Credit Analyst for Vanguard. Mr. Bamford received a Bachelor of Science in Economics/Finance and Accounting from the University of Scranton and an M.B.A. with a concentration in Finance from St. Joseph's University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.49 | 32.44 | 10.48 | 7.33 |
