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Trending ETFs

Name

As of 05/24/2024

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

$11.40

$136 M

2.55%

$0.29

0.77%

Vitals

YTD Return

6.6%

1 yr return

16.6%

3 Yr Avg Return

1.0%

5 Yr Avg Return

8.7%

Net Assets

$136 M

Holdings in Top 10

11.8%

52 WEEK LOW AND HIGH

$11.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.77%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/24/2024

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

$11.40

$136 M

2.55%

$0.29

0.77%

SSEAX - Profile

Distributions

  • YTD Total Return 6.6%
  • 3 Yr Annualized Total Return 1.0%
  • 5 Yr Annualized Total Return 8.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.78%
DIVIDENDS
  • Dividend Yield 2.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    SIIT Screened World Equity Ex-US Fund
  • Fund Family Name
    SEI Funds
  • Inception Date
    Jun 30, 2008
  • Shares Outstanding
    14390412
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    M. Forrest Badgley

Fund Description

Under normal circumstances, the Screened World Equity Ex-US Fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of foreign companies of various capitalization ranges. These securities may include common stocks, preferred stocks, depositary receipts, warrants, exchange-traded funds (ETFs) that track an international ex-US equity index, derivative instruments (principally futures and forward contracts) whose value is based on an international equity index

or an underlying international equity security or basket of international equity securities and investment companies whose portfolios are designed to correlate with a portfolio of international equity securities.

Potential investments for the Fund are first assessed for financial soundness and then evaluated according to the Fund's social criteria (including "BDS" criteria, as described below). The Fund will invest in securities of foreign issuers located in developed and emerging market countries but will avoid investing in companies that have been identified as directly or indirectly benefiting the governments of countries that support terrorism, genocide or human rights abuses. This includes companies that pay royalties, such as those on oil or mining, to these governments and companies that help provide a stable economic environment that supports the government in its oppressive policies by having substantial operations or customers in the country. The Fund will also avoid investing in companies that have been identified as having adopted or implemented a "Pro-BDS" stance. "BDS" refers to the Palestinian-led movement promoting boycotts, divestments and economic sanctions against Israel. Accordingly, the Fund will maintain an "Anti-BDS" approach.

An independent compliance support organization will identify a list of issuers that have been identified as failing to meet the Fund's social criteria (including issuers that have a "Pro-BDS" stance). The list will be developed using information gathered from a variety of sources, such as government agencies, trade journals, direct company contacts and industry and regional publications. The Sub-Advisers will then rely on this list when determining what companies to avoid investing in. Additionally, a Sub-Adviser will promptly liquidate a position that no longer complies with the social criteria (including positions in issuers that have a "Pro-BDS" stance). The Adviser reserves the right to modify the Fund's social criteria from time to time in response to world events, such as changes in the governments that support terrorism, genocide or human rights abuses. All social criteria may be changed without shareholder approval. The Fund's Anti-BDS approach has been adopted to enable investment in the Fund by institutional investors that seek to support Israel or oppose the BDS movement in their investment implementation. This Fund policy is for the benefit of such investors and not meant as a formal representation of SEI's official corporate policy or position on the issue of BDS.

The Fund will not invest more than 35% of its assets in the common stocks or other equity securities of issuers located in emerging market countries. The Fund may also, to a lesser extent, invest in swaps on securities for risk management purposes or as part of its investment strategies. The Fund's benchmark is the MSCI All Country World Ex-U.S. Net Index (net of dividends). The Fund is expected to have an absolute return and risk profile similar to the international equity ex-US market. The Fund is diversified as to issuers, market capitalization, industry and country.

The Fund uses a multi-manager approach, relying upon a number of sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) with differing investment strategies to manage portions of the Fund's portfolio under the general supervision of SEI Investments Management Corporation (SIMC or the Adviser). Due to its investment strategy, the Fund may buy and sell securities frequently.

One or more Sub-Advisers may implement a long/short equity investment strategy by investing in securities believed to offer capital appreciation opportunities while also attempting to take advantage of an anticipated decline in the price of a company. A long/short equity investment strategy takes (i) long positions with respect to investments that the Sub-Adviser believes to be undervalued relative to their potential increase in price, and (ii) short positions (including through derivative instruments, such as swaps) with respect to investments that the Sub-Adviser believes to be overvalued and likely to decrease in price. A long/short equity investment strategy seeks returns from strong security selection on both the long and short sides. These long and short positions may be completely unrelated.

The Sub-Advisers may seek to enhance the Fund's return by actively managing the Fund's foreign currency exposure. In managing the Fund's currency exposure, the Sub-Advisers may buy and sell currencies (i.e., take long or short positions) using derivatives, principally foreign currency forward contracts, options and futures. The Fund may take long and short positions in foreign currencies in excess of the value of the Fund's assets denominated in a particular currency or when the Fund does not own assets denominated in that currency. The Fund may also engage in currency transactions in an attempt to take advantage of certain inefficiencies in the currency exchange market, to increase their exposure to a foreign currency or to shift exposure to foreign currency fluctuations from one currency to another.

The Fund may also invest in futures contracts and forward contracts for hedging purposes, including to seek to manage the Fund's currency exposure to foreign securities and mitigate the Fund's overall risk.

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SSEAX - Performance

Return Ranking - Trailing

Period SSEAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.6% -1.6% 33.5% 67.82%
1 Yr 16.6% -1.8% 26.7% 32.48%
3 Yr 1.0%* -15.8% 46.3% 55.09%
5 Yr 8.7%* -34.2% 77.3% 19.16%
10 Yr 6.3%* -0.2% 16.4% 5.18%

* Annualized

Return Ranking - Calendar

Period SSEAX Return Category Return Low Category Return High Rank in Category (%)
2023 11.9% -7.3% 22.0% 68.12%
2022 -19.3% -43.6% 71.3% 69.68%
2021 -9.3% -28.5% 18.9% 94.52%
2020 13.7% -90.1% 992.1% 22.35%
2019 21.5% -1.9% 38.8% 28.91%

Total Return Ranking - Trailing

Period SSEAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.6% -1.6% 33.5% 67.82%
1 Yr 16.6% -1.8% 26.7% 32.48%
3 Yr 1.0%* -15.8% 46.3% 55.09%
5 Yr 8.7%* -34.2% 77.3% 19.16%
10 Yr 6.3%* -0.2% 16.4% 5.18%

* Annualized

Total Return Ranking - Calendar

Period SSEAX Return Category Return Low Category Return High Rank in Category (%)
2023 15.0% 3.2% 41.4% 69.62%
2022 -14.2% -43.6% 144.8% 26.95%
2021 9.3% -22.6% 56.0% 61.50%
2020 16.5% -89.7% 1010.8% 18.65%
2019 24.8% 4.3% 38.8% 29.59%

NAV & Total Return History


SSEAX - Holdings

Concentration Analysis

SSEAX Category Low Category High SSEAX % Rank
Net Assets 136 M 3.3 M 425 B 84.75%
Number of Holdings 896 1 10659 8.52%
Net Assets in Top 10 18.1 M 139 K 41 B 88.64%
Weighting of Top 10 11.81% 2.7% 112.8% 93.53%

Top 10 Holdings

  1. SEI DAILY INCOME TRUST GOVERNMENT FUND (#36) 1.88%
  2. SAP SE COMMON STOCK 1.59%
  3. INDUSTRIA DE DISENO TEXTIL COMMON STOCK 1.34%
  4. NOVO NORDISK A/S-B COMMON STOCK 1.28%
  5. SAMSUNG ELECTRONICS CO LTD COMMON STOCK 1.02%
  6. CONTINENTAL AG COMMON STOCK 1.01%
  7. BARCLAYS PLC COMMON STOCK 0.97%
  8. NOKIA OYJ COMMON STOCK 0.93%
  9. DASSAULT AVIATION SA COMMON STOCK 0.89%
  10. CHECK POINT SOFTWARE TECH COMMON STOCK 0.89%

Asset Allocation

Weighting Return Low Return High SSEAX % Rank
Stocks
93.50% 0.00% 101.98% 88.64%
Cash
3.00% 0.00% 28.70% 30.34%
Other
2.29% -2.05% 43.01% 6.73%
Preferred Stocks
1.21% -0.01% 7.80% 21.23%
Convertible Bonds
0.00% 0.00% 4.18% 29.52%
Bonds
0.00% -0.92% 71.30% 36.17%

Stock Sector Breakdown

Weighting Return Low Return High SSEAX % Rank
Financial Services
18.62% 0.00% 47.75% 38.62%
Industrials
17.44% 5.17% 99.49% 17.23%
Technology
12.71% 0.00% 36.32% 38.15%
Healthcare
11.33% 0.00% 21.01% 53.54%
Consumer Cyclical
10.62% 0.00% 36.36% 39.23%
Basic Materials
9.17% 0.00% 23.86% 27.08%
Consumer Defense
7.03% 0.00% 32.29% 86.62%
Energy
5.38% 0.00% 16.89% 39.38%
Communication Services
4.87% 0.00% 21.69% 78.15%
Utilities
1.49% 0.00% 13.68% 71.69%
Real Estate
1.32% 0.00% 14.59% 61.54%

Stock Geographic Breakdown

Weighting Return Low Return High SSEAX % Rank
Non US
84.58% 0.00% 101.08% 71.75%
US
8.92% 0.00% 100.07% 31.54%

SSEAX - Expenses

Operational Fees

SSEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.77% 0.01% 19.62% 70.96%
Management Fee 0.65% 0.00% 1.65% 47.97%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.01% 1.00% 20.37%

Sales Fees

SSEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SSEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

SSEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 247.00% 80.84%

SSEAX - Distributions

Dividend Yield Analysis

SSEAX Category Low Category High SSEAX % Rank
Dividend Yield 2.55% 0.00% 25.02% 33.48%

Dividend Distribution Analysis

SSEAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

SSEAX Category Low Category High SSEAX % Rank
Net Income Ratio 1.78% -0.93% 6.38% 42.77%

Capital Gain Distribution Analysis

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

Distributions History

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SSEAX - Fund Manager Analysis

Managers

M. Forrest Badgley


Start Date

Tenure

Tenure Rank

Jun 30, 2008

13.93

13.9%

Forrest Badgley joined McKinley Capital’s Quantitative Research Team in 2004 and worked on maintenance and enhancements to the firm’s investment models. In 2006, he was promoted to Portfolio Manager, participating in portfolio construction, qualitative review and security selection across a variety of strategies. In 2020, Forrest was promoted to Director of Public Investments, Portfolio Manager and works closely with CIO Rob Gillam to lead the Portfolio Management team in all aspects of model implementation across all firm strategies. Forrest has over 25 years of investment industry experience which includes work on the floor of the Chicago Board of Options Exchange, the Chicago Board of Trade, and proprietary currency and commodities futures trading desks. Prior to joining McKinley Capital, Forrest worked on the proprietary futures trading desk for Aspire Trading and as a Quantitative Risk Management Analyst for Bank One. Forrest lives in the Chicago area.

Robert Gillam


Start Date

Tenure

Tenure Rank

Jun 30, 2008

13.93

13.9%

Robert (Rob) A. Gillam serves as McKinley Management, LLC's Chief Executive Officer. In this role, Rob is responsible for developing the firm's strategic objectives, establishing the firm's mission and values, communicating with stakeholders including staff and clients, and maintaining the firm's fiscal health. He is supported by a robust executive management team and a governing Board of Directors. As CEO, Rob oversees all McKinley businesses including McKinley Capital Management, LLC, McKinley Alaska Private Investment, LLC, and McKinley Research Group, LLC.

Martino Boffa


Start Date

Tenure

Tenure Rank

Dec 31, 2010

11.42

11.4%

Martino Boffa joined McKinley Capital in 2009 as Director of Alternative Investments, Portfolio Manager. Martino has nearly 30 years of investment industry experience on both the buy and sell sides. As a member of McKinley’s Portfolio Management team, Martino works closely with CIO Rob Gillam on the design, construction, and implementation of investment strategies. In 2022, Martino was appointed Director of Sustainability/Portfolio Manager. In the new role at McKinley, Martino will provide education, lead implementation, and oversee the firm’s environmental, social and governance offerings (ESG). Boffa holds a CFA UK Level 4 Certificate in ESG and is personally passionate about the subject. Prior to joining McKinley, Martino was Senior Director of Arbitrage Strategies with Credit Suisse and managed a market neutral investment portfolio. Before this, he worked at Société Générale where he was Managing Director of Hedge Fund Sales specializing in European equities. Born and raised in Milan, Italy, Martino resides in Chicago.

Brendan Bradley


Start Date

Tenure

Tenure Rank

Dec 31, 2015

6.42

6.4%

Brendan joined Acadian in 2004 and is the firm’s Chief Investment Officer. Brendan previously served as Director of Portfolio Management, overseeing portfolio management policy, and also as the Director of Acadian’s Managed Volatility strategies. Brendan is a member of several oversight committees at Acadian, including the Board of Managers, Executive Management Team, Executive Committee, and Responsible Investing Committee. Prior to Acadian, Brendan was a vice president at Upstream Technologies, where he designed and implemented investment management systems and strategies.

Ryan Taliaferro


Start Date

Tenure

Tenure Rank

Dec 31, 2015

6.42

6.4%

Ryan joined Acadian in 2011 and currently serves as director of equity strategies.

Venkateshwar (Venk) Lal


Start Date

Tenure

Tenure Rank

Apr 23, 2020

2.1

2.1%

Venkateshwar (Venk) Lal is a co-portfolio manager and head of Focused Global Investment Risk and Strategy for the Focused Global Equity team at Allspring Global Investments. Venk also serves on Allspring’s Spectrum Investment Committee. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). He joined WFAM from EverKey Global Partners, where he served as a founding partner and head of risk and trading. Prior to joining EverKey, Venk served as an executive director in the Consolidated Equities Division at Morgan Stanley, advising hedge funds and other investment management firms on implementing and managing risk exposures in global equity markets. In addition, he previously advised and structured capital markets solutions for corporate clients seeking to issue or repurchase capital in the equity, convertible, and fixed income markets. Venk joined Morgan Stanley as a sales and trading associate specializing in equity arbitrage and derivatives and previously served as an investment banking financial analyst in the financial institutions group for Goldman Sachs & Co. Venk earned a bachelor’s degree from Princeton University’s School of Public and International Affairs, where he graduated summa cum laude, and a master’s degree in business administration from Harvard Business School. He has served as a term member of the Council on Foreign Relations.

Mark Little


Start Date

Tenure

Tenure Rank

Feb 02, 2021

1.32

1.3%

Mark Little Managing Director, Portfolio Manager/Analyst Lazard Asset Management Limited (London) Mark Little is a Portfolio Manager/Analyst on the International Strategic Equity, International Compounders, and Global Strategic Equity teams. He began working in the investment field in 1992. Prior to joining Lazard in 1997, he was a manager in the corporate finance practice of Coopers & Lybrand and earned his ACA qualification with Rees Pollock Chartered Accountants. Mark has an MA in Economics from Clare College, Cambridge University.

Louis Florentin-Lee


Start Date

Tenure

Tenure Rank

Feb 02, 2021

1.32

1.3%

Louis Florentin-Lee Managing Director, Portfolio Manager/Analyst Louis Florentin-Lee is a Managing Director and Portfolio Manager/Analyst on various global equity teams, International Compounders and US Equity Select. He was formerly the co-Portfolio Manager/Analyst for the Lazard European Explorer Fund between 2004 and 2010. Louis began working in the investment industry in 1996. Prior to joining Lazard in 2004, he was an equity research analyst at Soros Funds Limited and Schroder Investment Management. He has a BSc (Hons) in Economics from the London School of Economics.

Barnaby Wilson


Start Date

Tenure

Tenure Rank

Feb 02, 2021

1.32

1.3%

Barnaby Wilson, CFA Managing Director, Portfolio Manager/Analyst Lazard Asset Management Limited (London) Barnaby Wilson is a Managing Director and Portfolio Manager/Analyst on various global equity teams as well as International Compounders. He began working in the investment field in 1998. Prior to joining Lazard in 1999, he worked for Orbitex Investments as a Research Analyst. Barnaby has a BA (Hons) in Mathematics and Philosophy from Balliol College, Oxford University. Barnaby is a CFA® charterholder.

Robin Jones


Start Date

Tenure

Tenure Rank

Feb 02, 2021

1.32

1.3%

Robin O. Jones Managing Director, Portfolio Manager/Analyst Lazard Asset Management Limited (London) Robin Jones is a Portfolio Manager/Analyst on the International Strategic Equity, International Compounders, and Global Strategic Equity teams. Robin began working in the investment field in 2002 at Lazard Asset Management, before leaving in 2006 for Bluecrest Capital Management where he worked as a Portfolio Manager. Robin re-joined Lazard in 2007. He has a BA Hons in Economics from Durham University and a PGCE in Mathematics from Cambridge University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.35 6.31 3.25