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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$8.37

$788 M

9.60%

$0.80

0.43%

Vitals

YTD Return

8.6%

1 yr return

-1.2%

3 Yr Avg Return

1.5%

5 Yr Avg Return

0.6%

Net Assets

$788 M

Holdings in Top 10

N/A

52 WEEK LOW AND HIGH

$8.4
$7.71
$8.73

Expenses

OPERATING FEES

Expense Ratio 0.43%

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

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$8.37

$788 M

9.60%

$0.80

0.43%

SEIAX - Profile

Distributions

  • YTD Total Return 8.6%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.58%
DIVIDENDS
  • Dividend Yield 9.6%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    SEI Institutional Investments Trust Multi-Asset Real Return Fund
  • Fund Family Name
    SEI
  • Inception Date
    Jul 29, 2011
  • Shares Outstanding
    91484227
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Steven Treftz

Fund Description

The Fund uses a multi-manager approach under the general supervision of SEI Investments Management Corporation (SIMC or the Adviser), allocating its assets among one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) using different investment strategies designed to produce a total return that exceeds the rate of inflation in the U.S. Assets of the Fund not allocated to Sub-Advisers are managed directly by SIMC.

Under normal circumstances, the Fund will pursue its investment goal by selecting investments from a broad range of asset classes, including fixed income and equity securities and commodity linked instruments. The Fund seeks "real return" (i.e., total returns that exceed the rate of inflation over a full market cycle, regardless of market conditions). The Fund may invest in U.S. and non-U.S. dollar-denominated securities.

Fixed income securities may include: (i) 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 certificates of deposit, time deposits, bankers' acceptances and bank notes; (ii) obligations of foreign governments; (iii) Treasury Inflation-Protected Securities (TIPS) and other inflation-linked debt securities; (iv) U.S. and foreign (including emerging markets) corporate debt securities, including commercial paper, and fully-collateralized repurchase and reverse repurchase agreements with highly rated counterparties (those rated A or better); and (v) securitized issues such as residential and commercial mortgage-backed securities, asset-backed securities and collateralized debt obligations. The Fund may invest in debt securities of any credit quality, including those rated below investment grade (junk bonds) or, if unrated, of equivalent credit quality, as determined by the Fund's managers. The Fund may invest in securities with a broad range of maturities. The Fund may also enter into reverse repurchase agreements with respect to its investment in TIPS. In an attempt to generate excess returns, when the Fund enters into such a TIPS reverse repurchase agreement it will use the cash received to enter into a short position on U.S. Treasury bonds.

Equity securities may include common or preferred stocks, warrants, rights, depositary receipts, equity-linked securities and other equity interests. The Fund may invest in securities of issuers of any market capitalization and may invest in both foreign and domestic equity securities. In addition to direct investment in securities and other instruments, the Fund may invest in exchange-traded funds (ETFs). The Fund may also invest in real estate investment trusts (REITs) and U.S. and non-U.S. real estate companies.

A portion of the Fund's assets may also be invested in commodity-linked securities to provide exposure to the investment returns of the commodities markets without investing directly in physical commodities. Commodity-linked securities include notes with interest payments that are tied to an underlying commodity or commodity index, ETFs or other exchange-traded products that are tied to the performance of a commodity or commodity index or other types of investment vehicles or instruments that provide returns that are tied to commodities or commodity indexes. The Fund may also invest in equity and debt securities of issuers in commodity-related industries. The Fund may also seek to gain long and short exposure to the commodity markets, in whole or in part, through investments in a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (Subsidiary). The Subsidiary, unlike the Fund, may invest to a significant extent in long and short positions in commodities, commodity contracts, commodity investments and derivative instruments. The Subsidiary may also invest in other instruments in which the Fund is

permitted to invest, either as investments or to serve as margin or collateral for its derivative positions. The Fund may invest up to 25% of its total assets in the Subsidiary. The Subsidiary is advised by SIMC.

The Fund may also purchase or sell futures contracts, options, forward contracts and swaps (including swaptions) for return enhancement or hedging purposes. Futures contracts, forward contracts and swaps are 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 are also 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 purchase or sell futures contracts and options on U.S. Government securities for return enhancement.

Interest rate swaps are further used to manage the Fund's interest rate risk. Swaps on indexes are used to manage the inflation-adjusted return of the Fund. The Fund may buy credit default swaps in an attempt to manage credit risk where the Fund has credit exposure to an issuer, and the Fund may sell credit default swaps to more efficiently gain credit exposure to a security or basket of securities.

The Sub-Adviser(s) may seek to enhance the Fund's return by actively managing the Fund's currency exposure. In managing the Fund's currency exposure, the Sub-Adviser(s) may buy and sell currencies (i.e., take long or short positions) through the use of cash, securities and/or currency-related derivatives, including, without limitation, currency forward contracts, futures contracts, swaps and options. 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 Sub-Adviser(s) may engage in short sales in an attempt to capitalize on equity securities that they believe will underperform the market or their peers. When a Sub-Adviser(s) sells securities short, it may invest the proceeds from the short sales in an attempt to enhance returns. This strategy may effectively result in the Fund having a leveraged investment portfolio, which results in greater potential for loss.

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SEIAX - Performance

Return Ranking - Trailing

Period SEIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.6% -13.3% 17.2% 1.40%
1 Yr -1.2% -34.9% 14.8% 1.41%
3 Yr 1.5%* -29.2% 4.3% 6.44%
5 Yr 0.6%* -10.9% 3.6% 9.28%
10 Yr -1.3%* -6.9% 1.9% 37.40%

* Annualized

Return Ranking - Calendar

Period SEIAX Return Category Return Low Category Return High Rank in Category (%)
2022 0.9% -52.3% 1.1% 0.97%
2021 -1.4% -4.0% 9.2% 95.07%
2020 1.4% -47.0% 7.7% 84.58%
2019 -1.6% -4.2% 4.1% 99.50%
2018 -0.5% -2.3% 0.1% 21.99%

Total Return Ranking - Trailing

Period SEIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.6% -13.3% 51.2% 1.40%
1 Yr -1.2% -34.9% 14.8% 1.41%
3 Yr 1.5%* -29.2% 4.3% 6.44%
5 Yr 0.6%* -10.9% 3.6% 9.28%
10 Yr -1.3%* -6.9% 1.9% 62.60%

* Annualized

Total Return Ranking - Calendar

Period SEIAX Return Category Return Low Category Return High Rank in Category (%)
2022 0.9% -52.3% 1.1% 0.97%
2021 -1.4% -4.0% 9.2% 95.07%
2020 1.4% -47.0% 7.7% 84.58%
2019 -1.6% -4.2% 4.1% 99.50%
2018 -0.5% -1.9% 0.1% 49.74%

NAV & Total Return History


SEIAX - Holdings

Concentration Analysis

SEIAX Category Low Category High SEIAX % Rank
Net Assets 788 M 8.02 M 61.7 B 57.67%
Number of Holdings 474 6 1306 16.28%
Net Assets in Top 10 462 M -122 M 35.7 B 51.63%
Weighting of Top 10 N/A 9.2% 100.0% 2.88%

Top 10 Holdings

  1. Marr Cfc - 34000 53.79%
  2. Marr Cfc - 34000 53.79%
  3. Marr Cfc - 34000 53.79%
  4. Marr Cfc - 34000 53.79%
  5. Marr Cfc - 34000 53.79%
  6. Marr Cfc - 34000 53.79%
  7. Marr Cfc - 34000 53.79%
  8. Marr Cfc - 34000 53.79%
  9. Marr Cfc - 34000 53.79%
  10. Marr Cfc - 34000 53.79%

Asset Allocation

Weighting Return Low Return High SEIAX % Rank
Bonds
95.46% -13.04% 150.30% 58.14%
Other
29.91% -1.41% 40.08% 0.93%
Convertible Bonds
1.29% 0.00% 3.96% 8.84%
Stocks
0.07% 0.00% 29.58% 21.86%
Preferred Stocks
0.00% 0.00% 0.43% 53.49%
Cash
-26.74% -50.72% 72.87% 98.60%

Bond Sector Breakdown

Weighting Return Low Return High SEIAX % Rank
Government
72.95% 6.70% 100.00% 80.47%
Securitized
12.90% 0.00% 58.03% 12.09%
Corporate
11.78% 0.00% 50.64% 14.88%
Cash & Equivalents
2.07% 0.00% 18.36% 60.93%
Municipal
0.25% 0.00% 1.28% 17.67%
Derivative
0.05% 0.00% 26.02% 28.37%

Bond Geographic Breakdown

Weighting Return Low Return High SEIAX % Rank
US
89.50% -13.04% 120.98% 81.86%
Non US
5.96% -8.42% 54.30% 21.86%

SEIAX - Expenses

Operational Fees

SEIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.43% 0.01% 1.71% 59.43%
Management Fee 0.55% 0.00% 0.99% 93.61%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.01% 0.40% 29.73%

Sales Fees

SEIAX 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

SEIAX 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.

SEIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 246.00% 46.41%

SEIAX - Distributions

Dividend Yield Analysis

SEIAX Category Low Category High SEIAX % Rank
Dividend Yield 9.60% 0.00% 10.30% 2.28%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SEIAX Category Low Category High SEIAX % Rank
Net Income Ratio 2.58% -0.06% 6.71% 78.47%

Capital Gain Distribution Analysis

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

Distributions History

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SEIAX - Fund Manager Analysis

Managers

Steven Treftz


Start Date

Tenure

Tenure Rank

Dec 31, 2012

9.42

9.4%

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.

Russell Shtern


Start Date

Tenure

Tenure Rank

Dec 31, 2013

8.42

8.4%

Mr. Shtern, CFA, is a Portfolio Manager at QS Investors and has been the head of equity portfolio management implementation at QS since 2010. Mr. Shtern was formerly a portfolio manager for Diversification Based Investing Equity and Tax Managed Equity for Deutsche Asset Management’s Quantitative Strategies Group, from 2003 to 2010. Prior to this, he spent three years at Deutsche Bank Securities supporting equity derivatives and global program trading desks. He has a B.B.A. from Pace University.

Jacqueline Kenney


Start Date

Tenure

Tenure Rank

Dec 31, 2018

3.42

3.4%

Jacqueline Hurley, CFA, is a Portfolio Manager and a member of the Portfolio Management Group within QS Investors. Formerly at Deutsche Asset Management from 2008 – 2010. Prior to joining Deutsche Asset Management, she had 4 years of experience as a consultant at Bearing Point and Accenture. Ms. Hurley holds a B.A. in Computer Science from Colgate University and an M.B.A. in inance and Accounting from University of Michigan, Ross School of Business.

Shawn Keegan


Start Date

Tenure

Tenure Rank

Sep 30, 2020

1.67

1.7%

Portfolio Manager—Credit Shawn Keegan is a Senior Vice President and a member of the Credit portfolio-management team, focusing on US and global portfolios. He specializes in Responsible Investing and leads the investment team for AB’s Sustainable Global Thematic Credit Strategy. Keegan is a member of both AB’s Environmental, Social and Governance Research and Stewardship Group and the Principles for Responsible Investment’s Advisory Committee on Environmental, Social and Governance in credit-rating committees. He is also a member of AB’s US Multi-Sector and Canada Fixed Income portfolio-management teams, where he focuses on credit security selection. Keegan first joined AB in 1997 as a portfolio assistant. He then spent a year at Aladdin Capital as a trader before rejoining the firm in 2001 as a member of the US Multi-Sector team. Keegan holds a BS in finance from Siena College and an MBA from the University of Notre Dame. Location: New York

Michael Canter


Start Date

Tenure

Tenure Rank

Sep 30, 2020

1.67

1.7%

Director—Securitized Assets and US Multi-Sector Michael Canter is a Senior Vice President and Director of Securitized Assets and US Multi-Sector Fixed Income at AB, heading the portfolio-management teams for these strategies. His focus includes his role as the Chief Investment Officer of AB’s Securitized Assets Fund. Canter’s team is responsible for AB’s investments in agency mortgage-backed securities, credit risk–transfer securities, non-agency residential mortgage-backed securities, commercial mortgage-backed securities, collateralized loan obligations and other asset-backed securities. He has particularly extensive expertise in residential mortgages. In 2009, AB was selected by the US Department of the Treasury to manage one of nine Legacy Securities Public-Private Investment Program funds; Canter was the CIO of that AB-managed fund. In addition, he was called upon to give expert testimony to the US Senate Committee on Banking, Housing, and Urban Affairs in 2013 and the US House of Representatives Subcommittee on Housing and Insurance in 2017 on how US housing policy should be structured going forward. Prior to joining AB, Canter was the president of ACE Principal Finance, a division of ACE Limited (now Chubb). There, he managed portfolios of credit default swaps, asset-backed securities, mortgage-backed securities and collateralized debt obligations. Canter holds a BA in math and economics from Northwestern University and a PhD in finance from the Columbia University Graduate School of Business. Location: New York

Janaki Rao


Start Date

Tenure

Tenure Rank

Sep 30, 2020

1.67

1.7%

Portfolio Manager and Head—Agency Mortgage-Backed Securities Research Janaki Rao is a Senior Vice President, Portfolio Manager and Head of Agency Mortgage-Backed Securities Research, where he oversees agency mortgage-backed securities (MBS) research, including fundamental and relative-value research. He brings decades of experience to AB, with a focus on MBS and US interest-rate strategies. Before joining the firm, Rao spent seven years in the US Interest Rate Strategy Group at Morgan Stanley, where he was responsible for covering the agency MBS market, including publishing for the flagship weekly publication, and generating ad hoc reports on breaking news, in-depth analysis of emerging trends and product primers. He also engaged with policymakers on various issues related to housing finance. Prior to joining Morgan Stanley, Rao ran the advance pricing, debt and derivatives trading desk at the Federal Home Loan Bank of New York. He holds a BA in economics from Delhi University and an MBA in finance from the Zicklin School of Business at Baruch College. Location: New York

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 20.51 6.57 11.1