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SPINX SEI S&P 500 Index A (SIIT)

  • Fund
  • SPINX
  • Price as of: Oct 18, 2017
  • $14.19
  • + $0.01
  • + 0.07%
  • Category
  • Large Cap Blend Equities

SPINX - Profile

Vitals

  • YTD Return 14.8%
  • 3 Yr Annualized Return 10.8%
  • 5 Yr Annualized Return N/A
  • Net Assets $4.35 B
  • Holdings in Top 10 19.3%

52 WEEK LOW AND HIGH

$14.19
$11.53
$14.19

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.12%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 8.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$100,000

IRA

N/A

Investment Themes

CATEGORY

Large Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Blend

Distributions

  • YTD Total Return 14.8%
  • 3 Yr Annualized Total Return 10.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.98%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name SEI Institutional Investments Trust S&P 500 Index Fund
  • Fund Family Name SEI
  • Inception Date Dec 18, 2013
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Michael J. Feehily

Fund Description

The SEI Institutional Investments Trust S&P 500 Index Fund Class A (SPINX) is a low-cost, passively managed index fund that provides exposure to large-cap U.S. equities. SPINX tracks the benchmark S&P 500 Index and employs a full-replication strategy, thereby owning all the stocks in the index and achieving exposure to the main sectors of the U.S. economy. The fund may also invest in various derivatives, S&P tracking ETFs, and lend securities to reduce expenses.

As an index covering large-cap stocks and every sector of the market, SPINX makes an ideal core position for any investor’s portfolio. SPINX is managed externally by SSgA Funds Management.

SPINX - Performance

Return Ranking - Trailing

Period SPINX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 14.8% -92.6% 31.0% 34.73% 2
1 Yr 18.6% -51.7% 43.3% 28.40% 2
3 Yr 10.8% * -14.4% 16.3% 8.44% 1
5 Yr N/A * -0.6% 17.9% N/A N/A
10 Yr N/A * 0.9% 14.4% N/A N/A

* Annualized


Return Ranking - Calendar

Period SPINX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 9.6% -37.7% 186.3% 15.65% 1
2015 -0.9% -46.9% 11.2% 12.35% 1
2014 N/A -51.7% 38.1% N/A N/A
2013 N/A -88.0% 42.8% N/A N/A
2012 N/A -100.0% 25.9% N/A N/A

Total Return Ranking - Trailing

Period SPINX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 14.8% -92.6% 31.0% 34.65% 2
1 Yr 18.6% -52.5% 142.7% 22.49% 2
3 Yr 10.8% * -5.3% 57.6% 8.04% 1
5 Yr N/A * -0.6% 17.9% N/A N/A
10 Yr N/A * 0.9% 14.4% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period SPINX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 11.3% -36.6% 190.6% 9.98% 1
2015 1.4% -40.3% 20.1% 18.72% 1
2014 N/A -24.8% 100.1% N/A N/A
2013 N/A -93.4% 1119.1% N/A N/A
2012 N/A -100.0% 282.8% N/A N/A

NAV & Total Return History

SPINX - Holdings

Filings data as of: Sep 30, 2017

Concentration Analysis

SPINX Category Low Category High SPINX % Rank Quintile
Net Assets 4.35 B 9.87 K 621 B 4.81% 1
Number of Holdings 513 1 3780 4.17% 1
Net Assets in Top 10 858 M 13.1 K 95.8 B 6.91% 2
Weighting of Top 10 19.3% 2.3% 269.3% 28.35% 4

Top 10 Holdings

  1. Apple Inc 3.52%
  2. Exxon Mobil Corp 1.54%
  3. Microsoft Corp 2.54%
  4. Johnson & Johnson 1.55%
  5. Berkshire Hathaway Inc B 1.57%
  6. E-mini S&P 500 Dec17 2.30%
  7. Facebook Inc A 1.79%
  8. Amazon.com Inc 1.70%
  9. JPMorgan Chase & Co 1.49%
  10. Alphabet Inc A 1.29%

Asset Allocation

Weighting Category Low Category High SPINX % Rank Quintile
Stocks
97.93% 0.00% 147.19% 9.98% 3
Cash
2.04% -112.50% 132.07% 14.60% 2
Bonds
0.03% -49.59% 110.36% 7.18% 2
Preferred Stocks
0.00% -0.39% 88.99% 3.74% 2
Other
0.00% -81.75% 100.00% 12.16% 3
Convertible Bonds
0.00% 0.00% 71.30% 1.94% 2

Stock Sector Breakdown

Weighting Category Low Category High SPINX % Rank Quintile
Technology
20.23% 0.00% 41.58% 10.45% 2
Financial Services
16.24% 0.00% 78.59% 14.71% 3
Healthcare
14.49% 0.00% 43.34% 12.33% 3
Consumer Cyclical
10.50% 0.00% 47.61% 17.38% 3
Industrials
10.32% 0.00% 34.96% 15.79% 3
Consumer Defense
8.16% -0.12% 55.88% 13.41% 3
Energy
5.98% -3.37% 24.97% 11.39% 2
Communication Services
3.86% -0.78% 17.35% 7.79% 2
Utilities
3.04% -1.65% 32.10% 8.72% 2
Basic Materials
2.88% -0.88% 26.23% 14.06% 3
Real Estate
2.23% -35.19% 11.80% 9.81% 2

Stock Geographic Breakdown

Weighting Category Low Category High SPINX % Rank Quintile
US
97.08% 0.00% 100.18% 8.56% 2
Non US
0.85% -1.33% 88.51% 22.59% 4

Bond Sector Breakdown

Weighting Category Low Category High SPINX % Rank Quintile
Cash & Equivalents
2.07% -112.44% 131.77% 14.06% 2
Derivative
0.00% -61.02% 46.77% 1.37% 2
Securitized
0.00% -3.93% 52.68% 3.32% 2
Corporate
0.00% 0.00% 90.18% 8.44% 3
Municipal
0.00% 0.00% 65.19% 2.16% 2
Government
0.00% -49.59% 76.37% 4.83% 2

Bond Geographic Breakdown

Weighting Category Low Category High SPINX % Rank Quintile
US
0.03% -49.59% 100.82% 6.76% 2
Non US
0.00% -81.98% 20.63% 4.10% 2

SPINX - Expenses

Operational Fees

SPINX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.12% 0.02% 303.36% 22.06% 1
Management Fee 0.03% 0.00% 2.25% 7.54% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.05% 0.00% 0.45% 4.85% 1

Sales Fees

SPINX Fees (% of AUM) Category Low Category High SPINX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.00% 5.00% N/A N/A

Trading Fees

SPINX Fees (% of AUM) Category Low Category High SPINX Rank Quintile
Max Redemption Fee N/A 0.00% 2.00% N/A N/A

Turnover 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.

SPINX Fees (% of AUM) Category Low Category High SPINX Rank Quintile
Turnover 8.00% 0.00% 1754.00% 15.23% 1

SPINX - Distributions

Dividend Yield Analysis

SPINX Category Low Category High SPINX % Rank Quintile
Dividend Yield 0.2% 0.00% 11.20% 36.27% 3

Dividend Distribution Analysis

SPINX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

SPINX Category Low Category High SPINX % Rank Quintile
Net Income Ratio 1.98% -1.94% 3.78% 4.11% 1

Capital Gain Distribution Analysis

SPINX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

SPINX - Managers

Michael J. Feehily

Manager

Start Date

Dec 18, 2013

Tenure

3.79

Tenure Rank

9.2%

Mr. Feehily, CFA, is a Managing Director of SSgA and the Adviser and Co-Head of Passive Equity Strategies in North America in the Global Equity Beta Solutions Group. In this capacity, Mr. Feehily has oversight of the North American Passive Equity teams in Boston and Montreal. In addition, Mr. Feehily is a member of the Senior Management Group. Mr. Feehily rejoined SSgA in 2010 after spending the previous four years at State Street Global Markets LLC where he helped to build the Exposure Solutions business. This group created and managed portfolios that were designed to meet the short-term market exposure needs of institutional clients. Prior to this, Mr. Feehily had been Head of the US Passive Equity Team within SSgA. He joined SSgA in 1997. Mr. Feehily received a Bachelor of Science Degree from Babson College in Finance, Investments, and Economics. He received an MBA in Finance from Bentley College and also earned the Chartered Financial Analyst designation. He is a member of the Boston Security Analysts Society and the CFA Institute. Mr. Feehily is also a former member of the Russell Index Client Advisory Board.


Stephen C. Dolce

Manager

Start Date

Sep 30, 2016

Tenure

1.0

Tenure Rank

12.4%

Stephen C. Dolce, CFA serves as a Portfolio Manager for SEI Investments Management Corporation. In this role, Mr. Dolce is responsible for the management of the portfolios, capital market research, ongoing evaluation and allocation of equity managers and capital for the SEI Funds. Prior to joining SEI, Mr. Dolce was Partner, Portfolio Manager, Analyst and Investment Committee Member at Philadelphia International Advisors LP (PIA). Previously, Mr. Dolce was a Sector Portfolio Manager and Senior Analyst at DuPont Capital Management (DCM). Mr. Dolce also served as a Global Equity and Derivatives Trader at Grantham, Mayo & Van Otterloo & Co. LLC (GMO) in Boston. Mr. Dolce received his Bachelor of Science from Boston College, Carroll School of Management with a concentration in economics. Mr. Dolce received a Masters of Finance from Northeastern University. Mr. Dolce is a CFA charterholder, a member of AIMR, the Philadelphia Financial Analysts and an industry mentor to the University of Delaware CFA Research Challenge students.


David L. Hintz

Manager

Start Date

Sep 30, 2017

Tenure

0.0

Tenure Rank

13.6%

David L. Hintz, CFA Portfolio Manager, Investment Division Russell Investments B.S., Business Administration, Walla Walla University M.B.A., Finance, Pacific Lutheran University CFA Charterholder, CFA Institute Dave Hintz leads the U.S. equity portfolio manager team for Russell Investments. In addition to his leadership role on the team, Dave has direct portfolio management responsibility for several of Russell’s large cap funds. Prior to his 4th quarter 2011 move into a full time role in the portfolio management group, Dave was head of U.S. equity research at Russell. Dave spent 16 years in the manager research group. During his initial 13 years in the manager research group, he covered all three large cap style universes at different points as an analyst. In mid-2010, Dave was asked to manage Russell’s U.S. growth and U.S. value funds while leading the US equity research team. As head of U.S. equity research, Dave provided the idea that led to the development of Russell’s Defensive and Dynamic style indexes. Dave has been with Russell since 1988. He initially worked in the company’s analytical services division and was named a supervisor in 1991. Prior to his 1995 transition into a manager research role, Dave was a senior consulting analyst with Russell’s consulting division, where he provided analytical support and client service to plan sponsors.


Mark Krivitsky

Manager

Start Date

Dec 31, 2013

Tenure

3.75

Tenure Rank

9.3%

Mark Krivitsky is a Vice President of SSgA Funds Management Inc and a Senior Portfolio Manager in the Global Equity Beta Solutions Group and the Tax-Efficient Market Capture Group at the firm. He joined the firm in 1996.


Karl A. Schneider

Manager

Start Date

Dec 31, 2013

Tenure

3.75

Tenure Rank

9.3%

Karl Schneider, CAIA, is a Vice President of SSGA and SSGA FM, and Head of U.S. Equity Strategies for GEBS, where in addition to overseeing the management of the U.S. equity index strategies, he also serves as a portfolio manager for a number of the group's passive equity portfolios. Previously within GEBS, he served as a portfolio manager and product specialist for synthetic beta strategies, including commodities, buy/write, and hedge fund replication. Prior to joining GEBS, Mr. Schneider worked as a portfolio manager in SSGA's Currency Management Group, managing both active currency selection and traditional passive hedging overlay portfolios. He joined SSGA in 1996. Mr. Schneider holds a BS in finance and investments from Babson College and an MS in finance from Boston College. He has earned the Chartered Alternative Investment Analyst designation. Mr. Schneider is a member of the CAIA Association.


Tenure Analysis

Category Low

0.0

Category High

81.9

Category Average

6.19

Category Mode

2.8