LDRAX: SEI Long Duration A (SIIT)

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LDRAX SEI Long Duration A (SIIT)


Profile

LDRAX - Profile

Vitals

  • YTD Return 16.4%
  • 3 Yr Annualized Return 6.0%
  • 5 Yr Annualized Return 3.2%
  • Net Assets $1.32 B
  • Holdings in Top 10 23.4%

52 WEEK LOW AND HIGH

$10.21
$8.09
$10.27

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.37%

SALES FEES

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

BROKERAGE FEES

  • Turnover 102.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification

  • Primary Caregory Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Long-Term Bond

Distributions

  • YTD Total Return 16.4%
  • 3 Yr Annualized Total Return 6.2%
  • 5 Yr Annualized Total Return 4.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.05%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    SEI Institutional Investments Trust Long Duration Fund
  • Fund Family Name
    SEI
  • Inception Date
    Apr 21, 2004
  • Shares Outstanding
    135400387
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Bryan Whalen

Fund Description

Under normal circumstances, the fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in investment grade U.S. dollar-denominated fixed income instruments. It will primarily invest in long duration government and corporate fixed income securities and may also invest in synthetic instruments or derivatives having economic characteristics similar to fixed income securities.


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Categories

Performance

LDRAX - Performance

Return Ranking - Trailing

Period LDRAX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.4% -31.7% 966.1% 0.32%
1 Yr 13.1% -26.1% 967.1% 0.97%
3 Yr 6.0%* -9.3% 121.6% 0.43%
5 Yr 3.2%* -7.0% 60.9% 1.43%
10 Yr 1.2%* -5.1% 3.6% 10.22%

* Annualized

Return Ranking - Calendar

Period LDRAX Return Category Return Low Category Return High Rank in Category (%)
2019 11.3% -1.7% 20.3% 1.82%
2018 -9.5% -24.9% 0.8% 98.80%
2017 6.7% -6.0% 16.5% 0.68%
2016 1.1% -14.9% 15.0% 18.74%
2015 -11.6% -18.3% 3.0% 99.90%

Total Return Ranking - Trailing

Period LDRAX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.4% -31.7% 966.1% 0.32%
1 Yr 13.1% -26.1% 967.1% 0.97%
3 Yr 6.2%* -8.9% 121.6% 0.43%
5 Yr 4.8%* -6.9% 60.9% 0.74%
10 Yr 2.7%* -5.1% 6.8% 8.83%

* Annualized

Total Return Ranking - Calendar

Period LDRAX Return Category Return Low Category Return High Rank in Category (%)
2019 11.3% -1.7% 20.3% 2.04%
2018 -9.5% -24.9% 3.1% 98.84%
2017 7.4% -6.0% 17.5% 1.40%
2016 4.0% -14.8% 15.0% 6.90%
2015 -7.5% -12.6% 4.2% 98.98%

NAV & Total Return History


Holdings

LDRAX - Holdings

Concentration Analysis

LDRAX Category Low Category High LDRAX % Rank
Net Assets 1.32 B 622 K 277 B 34.42%
Number of Holdings 966 1 18149 16.87%
Net Assets in Top 10 180 M -587 M 22.2 B 41.55%
Weighting of Top 10 23.40% 2.5% 100.0% 42.20%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High LDRAX % Rank
Bonds
98.03% 71.08% 169.81% 37.35%
Cash
1.09% -72.40% 27.48% 65.76%
Convertible Bonds
0.87% 0.00% 9.66% 32.37%
Stocks
0.00% -0.53% 21.06% 14.93%
Preferred Stocks
0.00% -0.14% 8.39% 21.36%
Other
0.00% -27.60% 28.63% 14.54%

Bond Sector Breakdown

Weighting Return Low Return High LDRAX % Rank
Corporate
63.31% 0.00% 99.66% 6.95%
Government
29.51% -2.21% 100.00% 18.99%
Municipal
4.79% 0.00% 100.11% 46.77%
Securitized
1.35% 0.00% 97.63% 47.19%
Cash & Equivalents
1.05% -26.49% 69.70% 73.21%
Derivative
0.00% -0.83% 19.83% 18.81%

Bond Geographic Breakdown

Weighting Return Low Return High LDRAX % Rank
US
89.03% 49.78% 150.78% 60.82%
Non US
9.00% -12.10% 39.65% 28.70%

Expenses

LDRAX - Expenses

Operational Fees

LDRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.37% 0.01% 34.57% 90.81%
Management Fee 0.30% 0.00% 1.50% 22.67%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.00% 0.50% 11.96%

Sales Fees

LDRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

LDRAX 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.

LDRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 102.00% 0.00% 496.90% 77.85%

Distributions

LDRAX - Distributions

Dividend Yield Analysis

LDRAX Category Low Category High LDRAX % Rank
Dividend Yield 0.00% 0.00% 3.60% 9.07%

Dividend Distribution Analysis

LDRAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

LDRAX Category Low Category High LDRAX % Rank
Net Income Ratio 4.05% -0.81% 6.02% 1.79%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

LDRAX - Fund Manager Analysis

Managers

Bryan Whalen


Start Date

Tenure

Tenure Rank

Dec 31, 2004

15.51

15.5%

Bryan T. Whalen, CFA Group Managing Director U.S. Fixed Income Mr. Whalen is a Generalist Portfolio Manager in the U.S. Fixed Income Group. Mr. Whalen joined TCW in 2009 during the acquisition of Metropolitan West Asset Management LLC (MetWest) as co-head of the Securitized Products division. Prior to joining TCW, Mr. Whalen was a partner and co-head of MetWest's Securitized Products division. Prior to joining MetWest in 2004, he was a director in the fixed income department at Credit Suisse First Boston in New York. Previously, he was a vice president at Donaldson, Lufkin & Jenrette. Mr. Whalen earned a BA in Economics from Yale University. He is a CFA charterholder.

Richard Klemmer


Start Date

Tenure

Tenure Rank

Jul 29, 2009

10.93

10.9%

Richard A. Klemmer joined Jennison in 1982 to help develop its proprietary fixed income analytic systems and to participate in the management of structured fixed income portfolios. Mr. Klemmer shares responsibility for asset backed and commercial mortgage backed securities and corporate credit analysis along with portfolio management duties.

Itai Lourie


Start Date

Tenure

Tenure Rank

Jul 29, 2009

10.93

10.9%

Mr. Lourie joined Jennison in 1996 as a Fixed Income Trader and was the Lead Trader for Treasuries, agencies and mortgage-backed securities until joining the portfolio management team in 2005. Mr. Lourie develops and implements investment strategies in the same sectors. In addition, Mr. Lourie works on asset/liability modeling and analysis. Mr. Staudt joined Jennison in 2010 to add to the depth of Jennison's credit team. Mr. Staudt is responsible for developing and implementing strategies in the credit sector. For the previous 11 years, Mr. Staudt worked at UBS Global Asset Management. While there Mr. Staudt was a Senior Credit Analyst for three years prior to becoming a Fixed Income Portfolio Manager in 2001 and Senior Fixed Income Portfolio Manager in 2005. Mr. Kaplan joined Jennison in March 2008 as a Fixed Income Trader and became a Fixed Income Portfolio Manager in February 2016. Mr. Kaplan works closely with Mr. Lourie on the yield curve, Treasury/agency and futures team.

Bill O'Malley


Start Date

Tenure

Tenure Rank

Apr 02, 2010

10.25

10.3%

Bill joined IR+M in September 1994. Prior to IR+M, Bill was a Vice President at Wellington Management Company, LLP. Before joining Wellington in 1989, Bill worked at The Vanguard Group and in Morgan Stanley's Fixed Income Division. Bill has a BA from Amherst College (1984) and an MBA from The Wharton School of the University of Pennsylvania (1989).

Timothy Bacik


Start Date

Tenure

Tenure Rank

Sep 30, 2011

8.76

8.8%

Tim Bacik, CFA graduated from Wesleyan University with a B.A. in Economics. Mr. Bacik joined LGIMA in 2011 as a Senior Portfolio Manager and has over 23 years of industry experience. Tim serves as an analyst and portfolio manager, with over 14 years of fixed income experience. In 2019, he was promoted to Head of Active Fixed Income. Prior to joining Lee Munder Capital Group in April 2004, he worked at Alliance Capital as a portfolio manager for institutional core/core+ fixed income products. His responsibilities also included generating and executing strategies across all Alliance fixed income credit investors and providing daily commentary to Alliance fixed income personnel, who then communicated these strategies, ideas, and market events.

Eric Staudt


Start Date

Tenure

Tenure Rank

Sep 30, 2011

8.76

8.8%

Eric G. Staudt, CFA, Managing Director and Portfolio Manager. Mr. Staudt joined Jennison in 2010 to add to the depth of Jennison's credit team and is responsible for developing and implementing strategies in the credit sector. For the previous 11 years, Mr. Staudt worked at UBS Global Asset Management. While there, he was a senior credit analyst for three years prior to becoming a fixed income portfolio manager in 2001 and senior fixed income portfolio manager in 2005.

Dave Nirtaut


Start Date

Tenure

Tenure Rank

Sep 30, 2011

8.76

8.8%

Dave Nirtaut joined LGIMA in 2007 as Head of Securitized Assets and Interest Rates and was promoted to Head of Portfolio Management in 2012, and to Co-Head of Fixed Income in 2013. Mr. Nirtaut graduated from Indiana University with a B.S. in Finance and Accounting and from the University of Notre Dame with an M.B.A., magna cum laude.

Jeffrey Koch


Start Date

Tenure

Tenure Rank

Dec 31, 2011

8.5

8.5%

Jeff Koch, CFA, joined LGIMA as a Senior Portfolio Manager in 2012 and was promoted to Co-Head of Fixed Income in 2013. In 2019, he was promoted to Head of Active Fixed Income. Mr. Koch has over 30 years of investment grade and high yield fixed income experience. Mr. Koch earned a B.S. in Economics from the University of Minnesota, Morris and an M.B.A. with an emphasis in Finance from Washington University. Prior to joining Metropolitan West Asset Management, Mr. Koch had been at Strong Capital Management for over 13 years where he was responsible for building their high yield bond business. Prior to joining Strong, he was employed by Fossett Corporation as a market maker clerk.

Richard Bamford


Start Date

Tenure

Tenure Rank

Dec 31, 2014

5.5

5.5%

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.

James Gubitosi


Start Date

Tenure

Tenure Rank

Sep 30, 2017

2.75

2.8%

Jim joined IR+M in March 2007. Prior to IR+M, he was a Senior Analyst at Financial Architects Partners. Jim has a BSBA from Boston University School of Management (2004).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.14 33.6 7.5 0.5