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Name

As of 04/19/2024

Price

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

SDIT ULTRA SHORT DURATION BOND FUND

SECPX | Fund

$9.26

$232 M

0.00%

0.62%

Vitals

YTD Return

1.4%

1 yr return

5.5%

3 Yr Avg Return

1.9%

5 Yr Avg Return

2.0%

Net Assets

$232 M

Holdings in Top 10

9.8%

52 WEEK LOW AND HIGH

$9.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.62%

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 04/19/2024

Price

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

SDIT ULTRA SHORT DURATION BOND FUND

SECPX | Fund

$9.26

$232 M

0.00%

0.62%

SECPX - Profile

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return 1.9%
  • 5 Yr Annualized Total Return 2.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.53%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    SDIT ULTRA SHORT DURATION BOND FUND
  • Fund Family Name
    SEI Funds
  • Inception Date
    Sep 28, 1993
  • Shares Outstanding
    29852900
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Timothy 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.

Read More

SECPX - Performance

Return Ranking - Trailing

Period SECPX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -1.5% 2.8% 76.50%
1 Yr 5.5% -0.2% 11.8% 58.80%
3 Yr 1.9%* -2.1% 5.8% 78.16%
5 Yr 2.0%* -1.0% 3.9% 65.43%
10 Yr 1.7%* -4.5% 27.5% 47.01%

* Annualized

Return Ranking - Calendar

Period SECPX Return Category Return Low Category Return High Rank in Category (%)
2023 1.8% -2.3% 4.3% 27.19%
2022 -2.3% -6.5% 0.5% 58.57%
2021 -0.6% -2.1% 0.3% 75.49%
2020 0.3% -3.1% 1.8% 47.69%
2019 0.6% -1.2% 6.1% 35.87%

Total Return Ranking - Trailing

Period SECPX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -1.5% 2.8% 76.50%
1 Yr 5.5% -0.2% 11.8% 58.80%
3 Yr 1.9%* -2.1% 5.8% 78.16%
5 Yr 2.0%* -1.0% 3.9% 65.43%
10 Yr 1.7%* -4.5% 27.5% 47.01%

* Annualized

Total Return Ranking - Calendar

Period SECPX Return Category Return Low Category Return High Rank in Category (%)
2023 6.1% 0.8% 12.1% 36.87%
2022 -0.8% -5.1% 2.5% 69.52%
2021 0.1% -2.1% 14.5% 54.41%
2020 2.0% -1.0% 3.6% 31.28%
2019 3.4% 0.3% 9.6% 25.00%

NAV & Total Return History

SECPX - Holdings

Concentration Analysis

SECPX Category Low Category High SECPX % Rank
Net Assets 232 M 25.6 K 22.6 B 78.28%
Number of Holdings 619 2 1291 14.03%
Net Assets in Top 10 23 M 32.5 K 18.4 B 85.52%
Weighting of Top 10 9.79% 5.6% 163.3% 94.12%

Top 10 Holdings

  1. US TREASURY N/B 4.000000% 12/15/2025 1.51%
  2. US TREASURY N/B 0.250000% 06/15/2024 1.33%
  3. US TREASURY N/B 1.750000% 12/31/2024 1.11%
  4. GENERAL MOTORS FINANCIAL CO INC VARIABLE RATE 10/15/2024 0.92%
  5. CREDIT SUISSE AG/NEW YORK NY VARIABLE RATE 02/02/2024 0.87%
  6. US TREASURY N/B 2.875000% 06/15/2025 0.83%
  7. MORGAN STANLEY 3.620000% 04/17/2025 0.83%
  8. GE HEALTHCARE TECHNOLOGIES INC 5.550000% 11/15/2024 0.83%
  9. JPMORGAN CHASE CO 3.845000% 06/14/2025 0.81%
  10. GA GLOBAL FUNDING TRUST 144A VARIABLE RATE 09/13/2024 0.74%

Asset Allocation

Weighting Return Low Return High SECPX % Rank
Bonds 		100.10% 0.00% 128.16% 5.43%
Convertible Bonds 		3.95% 0.00% 15.25% 41.82%
Cash 		0.46% 0.00% 109.89% 93.21%
Stocks 		0.00% 0.00% 97.29% 42.53%
Preferred Stocks 		0.00% 0.00% 0.00% 30.77%
Other 		-0.56% -29.59% 99.92% 95.93%

Bond Sector Breakdown

Weighting Return Low Return High SECPX % Rank
Securitized 		39.41% 0.00% 100.00% 26.36%
Corporate 		36.23% 0.00% 99.91% 59.09%
Government 		15.13% 0.00% 100.00% 20.45%
Municipal 		3.48% 0.00% 70.39% 8.64%
Cash & Equivalents 		0.00% 0.00% 109.89% 94.57%
Derivative 		-0.56% -29.59% 21.59% 97.29%

Bond Geographic Breakdown

Weighting Return Low Return High SECPX % Rank
US 		100.10% 0.00% 128.16% 5.43%
Non US 		0.00% 0.00% 22.24% 44.34%

SECPX - Expenses

Operational Fees

SECPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.62% 0.02% 28.11% 32.42%
Management Fee 0.10% 0.00% 1.19% 3.17%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.20% 0.01% 0.40% 86.46%

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% 369.54% 50.54%

SECPX - Distributions

Dividend Yield Analysis

SECPX Category Low Category High SECPX % Rank
Dividend Yield 0.00% 0.00% 8.12% 68.78%

Dividend Distribution Analysis

SECPX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

SECPX Category Low Category High SECPX % Rank
Net Income Ratio 0.53% -1.30% 14.86% 44.60%

Capital Gain Distribution Analysis

SECPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

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 6.56 0.13

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