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SDIT ULTRA SHORT DURATION BOND FUND
mutual fund
SECPX
Payout Change
Pending
Price as of:
$9.33
-0.01
-0.11%
primary theme
U.S. Ultrashort Bond Duration
share class
SECPX (Mutual Fund)
SDIT ULTRA SHORT DURATION BOND FUND
Payout Change
Pending
Price as of:
$9.33
-0.01
-0.11%
primary theme
U.S. Ultrashort Bond Duration
share class
SECPX (Mutual Fund)
SDIT ULTRA SHORT DURATION BOND FUND
Payout Change
Pending
Price as of:
$9.33
-0.01
-0.11%
primary theme
U.S. Ultrashort Bond Duration
share class
Name
As of 12/23/2024Price
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
5.4%
1 yr return
5.5%
3 Yr Avg Return
3.3%
5 Yr Avg Return
2.4%
Net Assets
$232 M
Holdings in Top 10
15.2%
52 WEEK LOW AND HIGH
$9.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.63%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 70.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/23/2024Price
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
SECPX - Profile
Distributions
- YTD Total Return 5.4%
- 3 Yr Annualized Total Return 3.3%
- 5 Yr Annualized Total Return 2.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.53%
- Dividend Yield 4.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameSDIT ULTRA SHORT DURATION BOND FUND
-
Fund Family NameSEI Funds
-
Inception DateSep 28, 1993
-
Shares Outstanding29852900
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTimothy Smith
Fund Description
Under normal circumstances, the Ultra Short Duration Bond Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in investment grade U.S. dollar-denominated debt instruments, including: (i) commercial paper and other corporate obligations; (ii) certificates of deposit, time deposits, bankers' acceptances, bank notes, and other obligations of U.S. savings and loan and thrift
institutions, U.S. commercial banks (including foreign branches of such banks) and foreign banks that meet certain asset requirements; (iii) U.S. Treasury obligations and obligations issued or guaranteed as to principal and interest by agencies or instrumentalities of the U.S. Government; (iv) mortgage-backed securities; (v) asset-backed securities; (vi) fully-collateralized repurchase agreements involving any of the foregoing obligations; and (vii) U.S. dollar-denominated instruments of foreign issuers. 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.
Using a top-down strategy and bottom-up security selection, the sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) seek attractively-valued securities that offer competitive yields and that are issued by issuers that are on a sound financial footing. The Sub-Advisers also consider factors such as the anticipated level of interest rates, relative valuations and yield spreads among various sectors, 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-Advisers will strive to maintain a portfolio duration for the Fund of 18 months or less under normal market conditions.
SECPX - Performance
Return Ranking - Trailing
| Period | SECPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.4% | -1.2% | 8.5% | 65.09% |
| 1 Yr | 5.5% | -1.1% | 8.5% | 62.26% |
| 3 Yr | 3.3%* | -1.4% | 5.5% | 77.56% |
| 5 Yr | 2.4%* | -1.1% | 4.4% | 69.63% |
| 10 Yr | 2.0%* | -4.1% | 27.9% | 49.59% |
* Annualized
Return Ranking - Calendar
| Period | SECPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.8% | -2.3% | 4.3% | 26.89% |
| 2022 | -2.3% | -6.5% | 0.5% | 57.56% |
| 2021 | -0.6% | -2.1% | 0.3% | 75.38% |
| 2020 | 0.3% | -3.1% | 1.8% | 47.12% |
| 2019 | 0.6% | -1.2% | 6.1% | 35.91% |
Total Return Ranking - Trailing
| Period | SECPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.4% | -1.2% | 8.5% | 65.09% |
| 1 Yr | 5.5% | -1.1% | 8.5% | 62.26% |
| 3 Yr | 3.3%* | -1.4% | 5.5% | 77.56% |
| 5 Yr | 2.4%* | -1.1% | 4.4% | 69.63% |
| 10 Yr | 2.0%* | -4.1% | 27.9% | 49.59% |
* Annualized
Total Return Ranking - Calendar
| Period | SECPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.1% | 0.8% | 12.1% | 37.26% |
| 2022 | -0.8% | -5.1% | 2.5% | 69.27% |
| 2021 | 0.1% | -2.1% | 14.5% | 53.77% |
| 2020 | 2.0% | -1.0% | 3.6% | 31.41% |
| 2019 | 3.4% | 0.3% | 9.6% | 25.41% |
NAV & Total Return History
SECPX - Holdings
Concentration Analysis
| SECPX | Category Low | Category High | SECPX % Rank | |
|---|---|---|---|---|
| Net Assets | 232 M | 26.6 K | 28.6 B | 80.66% |
| Number of Holdings | 566 | 2 | 1248 | 14.15% |
| Net Assets in Top 10 | 31.1 M | 27.7 K | 22.7 B | 81.13% |
| Weighting of Top 10 | 15.16% | 6.3% | 159.6% | 74.53% |
Top 10 Holdings
- US TREASURY N/B 4.000000% 12/15/2025 3.49%
- TREASURY BILL 0.000000% 09/10/2024 2.18%
- US TREASURY N/B 0.250000% 09/30/2025 2.07%
- US TREASURY N/B 4.250000% 05/31/2025 2.03%
- TREASURY BILL 0.000000% 11/19/2024 0.98%
- TREASURY BILL 0.000000% 11/26/2024 0.98%
- US TREASURY N/B 2.875000% 06/15/2025 0.96%
- FREDDIE MAC 2.250000% 03/25/2025 0.85%
- FREDDIE MAC 4.050000% 07/21/2025 0.81%
- GE HEALTHCARE TECHNOLOGIES INC 5.550000% 11/15/2024 0.81%
Asset Allocation
| Weighting | Return Low | Return High | SECPX % Rank | |
|---|---|---|---|---|
| Bonds | 99.53% | 0.00% | 122.88% | 8.02% |
| Convertible Bonds | 3.95% | 0.00% | 15.25% | 41.71% |
| Cash | 0.78% | 0.00% | 112.72% | 83.49% |
| Stocks | 0.00% | 0.00% | 97.16% | 49.53% |
| Preferred Stocks | 0.00% | 0.00% | 1.02% | 38.21% |
| Other | -0.32% | -13.48% | 99.96% | 96.70% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | SECPX % Rank | |
|---|---|---|---|---|
| Securitized | 39.41% | 0.00% | 100.00% | 26.07% |
| Corporate | 36.23% | 0.00% | 99.91% | 59.24% |
| Government | 15.13% | 0.00% | 100.00% | 18.48% |
| Municipal | 3.48% | 0.00% | 70.39% | 7.58% |
| Cash & Equivalents | 0.00% | 0.00% | 112.72% | 95.28% |
| Derivative | -0.32% | -13.48% | 16.56% | 96.23% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | SECPX % Rank | |
|---|---|---|---|---|
| US | 99.53% | 0.00% | 122.88% | 4.72% |
| Non US | 0.00% | 0.00% | 20.18% | 45.75% |
SECPX - Expenses
Operational Fees
| SECPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.63% | 0.08% | 29.63% | 32.54% |
| Management Fee | 0.10% | 0.00% | 1.19% | 3.30% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.20% | 0.01% | 0.40% | 84.78% |
Sales Fees
| SECPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.50% | 5.75% | N/A |
| Deferred Load | N/A | 0.25% | 1.00% | N/A |
Trading Fees
| SECPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 1.00% | 76.87% |
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.
| SECPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 70.00% | 0.00% | 336.00% | 52.25% |
SECPX - Distributions
Dividend Yield Analysis
| SECPX | Category Low | Category High | SECPX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.47% | 0.00% | 8.76% | 76.42% |
Dividend Distribution Analysis
| SECPX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
| SECPX | Category Low | Category High | SECPX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.53% | -1.30% | 14.86% | 44.61% |
Capital Gain Distribution Analysis
| SECPX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.035 | OrdinaryDividend |
| Oct 31, 2024 | $0.036 | OrdinaryDividend |
| Sep 30, 2024 | $0.035 | OrdinaryDividend |
| Aug 30, 2024 | $0.036 | OrdinaryDividend |
| Jul 31, 2024 | $0.037 | OrdinaryDividend |
| Jun 28, 2024 | $0.035 | OrdinaryDividend |
| May 31, 2024 | $0.036 | OrdinaryDividend |
| Apr 30, 2024 | $0.036 | OrdinaryDividend |
| Mar 28, 2024 | $0.036 | OrdinaryDividend |
| Feb 29, 2024 | $0.034 | OrdinaryDividend |
| Jan 31, 2024 | $0.036 | OrdinaryDividend |
| Dec 29, 2023 | $0.037 | OrdinaryDividend |
| Nov 30, 2023 | $0.036 | OrdinaryDividend |
| Oct 31, 2023 | $0.034 | OrdinaryDividend |
| Sep 29, 2023 | $0.033 | OrdinaryDividend |
| Aug 31, 2023 | $0.033 | OrdinaryDividend |
| Jul 31, 2023 | $0.031 | OrdinaryDividend |
| Jun 30, 2023 | $0.030 | OrdinaryDividend |
| May 31, 2023 | $0.029 | OrdinaryDividend |
| Apr 28, 2023 | $0.027 | OrdinaryDividend |
| Mar 31, 2023 | $0.027 | OrdinaryDividend |
| Feb 28, 2023 | $0.022 | OrdinaryDividend |
| Jan 31, 2023 | $0.022 | OrdinaryDividend |
| Dec 30, 2022 | $0.020 | OrdinaryDividend |
| Nov 30, 2022 | $0.018 | OrdinaryDividend |
| Oct 31, 2022 | $0.016 | OrdinaryDividend |
| Sep 30, 2022 | $0.014 | OrdinaryDividend |
| Aug 31, 2022 | $0.013 | OrdinaryDividend |
| Jul 29, 2022 | $0.011 | OrdinaryDividend |
| Jun 30, 2022 | $0.009 | OrdinaryDividend |
| May 31, 2022 | $0.008 | OrdinaryDividend |
| Apr 29, 2022 | $0.007 | OrdinaryDividend |
| Mar 31, 2022 | $0.005 | OrdinaryDividend |
| Feb 28, 2022 | $0.004 | OrdinaryDividend |
| Jan 31, 2022 | $0.004 | OrdinaryDividend |
| Dec 31, 2021 | $0.004 | OrdinaryDividend |
| Nov 30, 2021 | $0.004 | OrdinaryDividend |
| Oct 29, 2021 | $0.004 | OrdinaryDividend |
| Sep 30, 2021 | $0.004 | OrdinaryDividend |
| Aug 31, 2021 | $0.005 | OrdinaryDividend |
| Jul 30, 2021 | $0.005 | OrdinaryDividend |
| Jun 30, 2021 | $0.005 | OrdinaryDividend |
| May 28, 2021 | $0.005 | OrdinaryDividend |
| Apr 30, 2021 | $0.005 | OrdinaryDividend |
| Mar 31, 2021 | $0.006 | OrdinaryDividend |
| Feb 26, 2021 | $0.006 | OrdinaryDividend |
| Jan 29, 2021 | $0.006 | OrdinaryDividend |
| Dec 31, 2020 | $0.007 | OrdinaryDividend |
| Nov 30, 2020 | $0.008 | OrdinaryDividend |
| Oct 30, 2020 | $0.008 | OrdinaryDividend |
| Sep 30, 2020 | $0.009 | OrdinaryDividend |
| Aug 31, 2020 | $0.009 | OrdinaryDividend |
| Jul 31, 2020 | $0.011 | OrdinaryDividend |
| Jun 30, 2020 | $0.011 | OrdinaryDividend |
| May 29, 2020 | $0.013 | OrdinaryDividend |
| Apr 30, 2020 | $0.014 | OrdinaryDividend |
| Mar 31, 2020 | $0.016 | OrdinaryDividend |
| Feb 28, 2020 | $0.016 | OrdinaryDividend |
| Jan 31, 2020 | $0.017 | OrdinaryDividend |
| Dec 31, 2019 | $0.018 | OrdinaryDividend |
| Nov 29, 2019 | $0.017 | OrdinaryDividend |
| Oct 31, 2019 | $0.019 | OrdinaryDividend |
| Sep 30, 2019 | $0.019 | OrdinaryDividend |
| Aug 30, 2019 | $0.020 | OrdinaryDividend |
| Jul 31, 2019 | $0.021 | OrdinaryDividend |
| Jun 28, 2019 | $0.020 | OrdinaryDividend |
| Oct 10, 2002 | $0.011 | CapitalGainLongTerm |
| Dec 19, 1996 | $0.008 | CapitalGainShortTerm |
| Dec 19, 1996 | $0.003 | CapitalGainLongTerm |
SECPX - Fund Manager Analysis
Managers
Timothy Smith
Start Date
Tenure
Tenure Rank
Jan 01, 1999
23.43
23.4%
Timothy E. Smith Senior Managing Director, Partner, and Fixed Income Portfolio Manager of Wellington Management, has served as portfolio manager of the Fund since 2013. Mr. Smith joined Wellington Management as an investment professional in 1992. Tim is a fixed income portfolio manager specializing in short-duration investing, including money market, enhanced cash, LIBOR, and short-term bond portfolios. He is chair of the firm’s Short Duration Strategy Group and is a member of the Error Resolution Council and the Financial Reserves Management Team.
Scott Pavlak
Start Date
Tenure
Tenure Rank
May 02, 2012
10.08
10.1%
Scott Pavlak is a portfolio manager and leads short duration for MetLife Investment Management (MIM) Public Fixed Income. Pavlak joined MIM in September 2017 in connection with the acquisition of Logan Circle Partners (LCP) by MetLife. Prior to joining LCP in 2008, he was a senior managing director and head of fixed income at Bear Stearns Asset Management. He joined Bear Stearns & Co. in 1990 and BSAM in 1992, where he was responsible for BSAM’s traditional strategies that included cash, enhanced cash, short-term, intermediate, core and core plus. Prior to joining Bear Stearns, he was a vice president and senior investment officer at Beechwood Securities, specializing in fixed income investments. Pavlak received a Bachelor of Science degree in finance from Fairleigh Dickinson University, earned an MBA in finance and economics from the Stern School of Business at New York University and is a member of the CFA Institute (formerly AIMR).
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.
Juan Peruyero
Start Date
Tenure
Tenure Rank
Dec 31, 2020
1.41
1.4%
Timothy E. Smith Senior Managing Director, Partner, and Fixed Income Portfolio Manager of Wellington Management, has served as portfolio manager of the Fund since 2013. Mr. Smith joined Wellington Management as an investment professional in 1992. Tim is a fixed income portfolio manager specializing in short-duration investing, including money market, enhanced cash, LIBOR, and short-term bond portfolios. He is chair of the firm’s Short Duration Strategy Group and is a member of the Error Resolution Council and the Financial Reserves Management Team.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 32.44 | 6.52 | 7.92 |
