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Name

As of 11/01/2024

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

SIIT Real Return Fund

RRPAX | Fund

$9.17

$274 M

2.21%

$0.20

0.29%

Vitals

YTD Return

4.3%

1 yr return

6.0%

3 Yr Avg Return

1.5%

5 Yr Avg Return

3.2%

Net Assets

$274 M

Holdings in Top 10

57.0%

52 WEEK LOW AND HIGH

$9.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.29%

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 11/01/2024

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

SIIT Real Return Fund

RRPAX | Fund

$9.17

$274 M

2.21%

$0.20

0.29%

RRPAX - Profile

Distributions

  • YTD Total Return 4.3%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.41%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    SIIT Real Return Fund
  • Fund Family Name
    SEI Funds
  • Inception Date
    Dec 14, 2006
  • Shares Outstanding
    30055850
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Sean Simko

Fund Description

Although the Fund is able to use a multi-manager approach under the general supervision of SEI Investments Management Corporation (SIMC or the Adviser) whereby Fund assets would be allocated among one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers), the Real Return Fund's assets currently are managed directly by SIMC. The Fund seeks to produce a return similar to that of the Bloomberg 1-5 Year U.S. TIPS Index, which is the Fund's benchmark index.

Under normal circumstances, the Fund will invest a significant portion of its assets in investment grade fixed income securities, including inflation-indexed bonds of varying maturities issued by the U.S. Treasury, other U.S. Government agencies and instrumentalities. An inflation-indexed bond is a bond that is structured so that its principal value will change with inflation. Treasury Inflation-Protected Securities (TIPS) are a type of inflation-indexed bond in which the Fund may invest. The Fund's exposure to fixed income securities is not restricted by maturity requirements.

The Fund may, on a limited basis, also invest in futures contracts for risk management, speculative or hedging purposes. Futures contracts may be used to synthetically obtain exposure to securities or baskets of securities and to manage the Fund's interest rate duration and yield curve exposure. These derivatives may also be used to mitigate the Fund's overall level of risk and/or the Fund's risk to particular types of securities or market segments.

The Fund may also invest in securities issued or guaranteed by the U.S. Government and its agencies and instrumentalities and obligations of U.S. and foreign commercial banks, such as time deposits, U.S. and foreign corporate debt including commercial paper and fully-collateralized repurchase agreements with highly rated counterparties (those rated A or better at the time of purchase); and securitized issues, such as mortgage-backed securities issued by U.S. Government agencies.

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RRPAX - Performance

Return Ranking - Trailing

Period RRPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% -8.8% 8.7% 9.85%
1 Yr 6.0% -10.2% 20.5% 34.98%
3 Yr 1.5%* -16.1% 4.2% 8.59%
5 Yr 3.2%* -7.3% 4.9% 19.37%
10 Yr 2.2%* -2.4% 3.2% 18.94%

* Annualized

Return Ranking - Calendar

Period RRPAX Return Category Return Low Category Return High Rank in Category (%)
2023 1.0% -8.7% 5.1% 26.37%
2022 -10.4% -52.3% -4.0% 18.69%
2021 0.0% -7.9% 7.7% 72.68%
2020 4.2% -29.4% 23.0% 81.68%
2019 2.8% 0.8% 16.7% 87.37%

Total Return Ranking - Trailing

Period RRPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% -8.8% 8.7% 9.85%
1 Yr 6.0% -10.2% 20.5% 34.98%
3 Yr 1.5%* -16.1% 4.2% 8.59%
5 Yr 3.2%* -7.3% 4.9% 19.37%
10 Yr 2.2%* -2.4% 3.2% 18.94%

* Annualized

Total Return Ranking - Calendar

Period RRPAX Return Category Return Low Category Return High Rank in Category (%)
2023 4.4% -5.2% 9.5% 26.87%
2022 -4.1% -40.1% 9.2% 10.10%
2021 5.4% -2.7% 37.6% 46.39%
2020 5.6% -0.5% 27.5% 83.25%
2019 5.0% 2.8% 19.3% 82.11%

NAV & Total Return History

RRPAX - Holdings

Concentration Analysis

RRPAX Category Low Category High RRPAX % Rank
Net Assets 274 M 968 K 51.8 B 74.88%
Number of Holdings 23 2 1463 92.12%
Net Assets in Top 10 156 M 891 K 24.2 B 71.92%
Weighting of Top 10 57.01% 9.4% 100.0% 37.13%

Top 10 Holdings

  1. TSY INFL IX N/B 2.125000% 04/15/2029 6.62%
  2. U.S. TREASURY INFLATION-PROTECTED SECURITIES 2.375% 10/15/2028 6.39%
  3. U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-5/8% 10/15/27 6.06%
  4. U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.250 04/15/2028 5.88%
  5. U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 04/15/2027 5.77%
  6. U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 10/15/2026 5.71%
  7. U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/2% 01/15/2028 5.27%
  8. U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/8% 07/15/2027 5.18%
  9. U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-5/8% 01/15/26 5.07%
  10. U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 07/15/2026 5.07%

Asset Allocation

Weighting Return Low Return High RRPAX % Rank
Bonds 		99.41% 0.00% 198.42% 34.98%
Cash 		0.59% -42.00% 15.77% 53.69%
Stocks 		0.00% 0.00% 100.03% 83.74%
Preferred Stocks 		0.00% 0.00% 0.78% 86.21%
Other 		0.00% -58.58% 68.12% 81.77%
Convertible Bonds 		0.00% 0.00% 3.96% 89.16%

Bond Sector Breakdown

Weighting Return Low Return High RRPAX % Rank
Government 		99.48% 6.70% 112.97% 9.85%
Derivative 		0.00% -26.67% 16.13% 82.27%
Cash & Equivalents 		0.00% 0.00% 11.92% 97.54%
Securitized 		0.00% 0.00% 58.03% 95.07%
Corporate 		0.00% 0.00% 50.64% 94.58%
Municipal 		0.00% 0.00% 1.28% 87.19%

Bond Geographic Breakdown

Weighting Return Low Return High RRPAX % Rank
US 		99.41% 0.00% 174.44% 29.56%
Non US 		0.00% 0.00% 42.19% 93.10%

RRPAX - Expenses

Operational Fees

RRPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.29% 0.03% 22.29% 83.08%
Management Fee 0.22% 0.00% 0.99% 26.60%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.01% 0.40% 38.16%

Sales Fees

RRPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

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

RRPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 246.00% 42.58%

RRPAX - Distributions

Dividend Yield Analysis

RRPAX Category Low Category High RRPAX % Rank
Dividend Yield 2.21% 0.00% 14.25% 52.22%

Dividend Distribution Analysis

RRPAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Quarterly

Net Income Ratio Analysis

RRPAX Category Low Category High RRPAX % Rank
Net Income Ratio 2.41% -0.06% 6.71% 82.00%

Capital Gain Distribution Analysis

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

Distributions History

View More +

RRPAX - Fund Manager Analysis

Managers

Sean Simko

Start Date

Tenure

Tenure Rank

May 16, 2013

9.05

9.1%

Sean P. Simko has served as Vice President, Portfolio Manager and Managing Director of the SEI Fixed Income Portfolio Management team for SIMC since 2005. Mr. Simko is responsible for the oversight of the SEI Fixed Income Portfolio Management team's overall investment process and management of daily trading. Prior to joining SEI, Mr. Simko was Vice President and Portfolio Manager for Weiss, Peck & Greer Investments. Mr. Simko earned a Master of Business Administration from Pennsylvania State University and a Bachelor of Science in Business Management from Slippery Rock University and is a ChFC charterholder.

Tim Sauermelch

Start Date

Tenure

Tenure Rank

Sep 30, 2014

7.67

7.7%

Tim Sauermelch is a Portfolio Manager with the SEI Fixed Income Portfolio Management Team.In this capacity, he is responsible for the management of fixed income portfolios including evaluating current market opportunities and providing fundamental and relative value assessments across various fixed income asset class and sectors. Portfolios managed by Mr. Sauermelch consist of US government securities, inflation linkers, investment grade corporate debt and floating-rate instruments. Mr. Sauermelch is a CFA Charterholder and a member of the CFA Institute and The CFA Society of Philadelphia. He earned a Masters of Business Administration with a concentration in Finance from Villanova University and graduated summa cum laude from Kutztown University of Pennsylvania with a Bachelor of Science in Finance and a minor in Economics. Mr. Sauermelch also holds the FINRA Series 65 license.

Steven Treftz

Start Date

Tenure

Tenure Rank

Dec 31, 2014

7.42

7.4%

Steven Treftz, CFA, joined SIMC in 2012, and is responsible for the oversight, monitoring and manager selection for the Investment Management Unit's Multi Asset and Short Duration strategies. Prior to his employment at SEI, Mr. Treftz was employed by Citi Private Bank where he was responsible for maintaining the firm's research opinions on third party international, global and emerging market equity managers. Prior to his employment at Citi Private Bank Mr. Treftz was employed by Lockwood Advisors, Inc. where he was responsible for the management of one of the firm's mutual fund/ETF wrap portfolio programs. Mr. Treftz earned a Bachelor's degree in Finance and Risk Management from Temple University. Mr. Treftz is also a CFA Charterholder and member of the CFA Society of Philadelphia.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 20.51 6.55 11.1

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