SEIAX: SEI Institutional Investments Trust Multi-Asset Real Return Fund - MutualFunds.com
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SEI Multi-Asset Real Return A (SIIT)

SEIAX - Snapshot

Vitals

  • YTD Return 9.3%
  • 3 Yr Annualized Return 3.6%
  • 5 Yr Annualized Return 1.8%
  • Net Assets $723 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$8.37
$7.48
$8.37

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.88%

SALES FEES

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

BROKERAGE FEES

  • Turnover 53.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Inflation-Protected Bond

Compare SEIAX to Popular TIPS Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$26.33

0.00%

$50.67 B

2.13%

$0.56

2.97%

0.14%

$52.56

-0.10%

$50.67 B

2.26%

$1.19

2.92%

0.05%

$14.86

+0.14%

$36.99 B

2.39%

$0.35

2.98%

0.20%

$129.85

-0.56%

$28.30 B

2.47%

$3.22

1.82%

0.19%

$63.53

-0.56%

$18.41 B

2.43%

$1.55

2.45%

0.05%

SEIAX - Profile

Distributions

  • YTD Total Return 9.3%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 1.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.26%
DIVIDENDS
  • Dividend Yield 2.1%
  • 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
    87236509
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Steven Treftz

Fund Description

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. It 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. It is non-diversified.


SEIAX - Performance

Return Ranking - Trailing

Period SEIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.3% -1.7% 9.3% 0.48%
1 Yr 14.5% 4.6% 19.6% 6.16%
3 Yr 3.6%* 3.1% 11.7% 98.56%
5 Yr 1.8%* 1.8% 7.8% 100.00%
10 Yr N/A* 0.9% 6.4% N/A

* Annualized

Return Ranking - Calendar

Period SEIAX Return Category Return Low Category Return High Rank in Category (%)
2020 -2.8% -29.4% 23.0% 98.55%
2019 4.1% -47.0% 16.7% 76.70%
2018 -6.3% -11.1% -0.5% 95.94%
2017 -2.7% -2.8% 6.6% 96.67%
2016 2.5% 0.5% 7.7% 58.72%

Total Return Ranking - Trailing

Period SEIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.3% -1.7% 9.3% 0.48%
1 Yr 14.5% 0.7% 19.6% 6.16%
3 Yr 3.6%* 3.0% 11.7% 96.65%
5 Yr 1.8%* 1.8% 7.8% 100.00%
10 Yr N/A* 0.9% 6.4% N/A

* Annualized

Total Return Ranking - Calendar

Period SEIAX Return Category Return Low Category Return High Rank in Category (%)
2020 -2.8% -29.4% 23.0% 98.55%
2019 4.1% 0.8% 16.7% 77.67%
2018 -6.3% -9.9% 0.6% 96.95%
2017 -2.7% -2.7% 9.6% 100.00%
2016 2.5% 0.5% 10.4% 68.02%

NAV & Total Return History


SEIAX - Holdings

Concentration Analysis

SEIAX Category Low Category High SEIAX % Rank
Net Assets 723 M 9.06 M 50.7 B 57.94%
Number of Holdings 526 4 1260 19.16%
Net Assets in Top 10 250 M 3.04 M 30.4 B 69.16%
Weighting of Top 10 N/A 9.4% 100.0% 1.45%

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
98.13% 49.30% 144.40% 43.93%
Other
39.78% -2.86% 39.78% 0.47%
Convertible Bonds
2.84% 0.00% 6.29% 3.74%
Preferred Stocks
0.15% 0.00% 0.47% 7.94%
Stocks
0.10% 0.00% 15.30% 8.88%
Cash
-41.01% -45.62% 50.10% 98.60%

Bond Sector Breakdown

Weighting Return Low Return High SEIAX % Rank
Government
66.58% 21.19% 100.00% 78.97%
Securitized
16.13% 0.00% 55.23% 11.68%
Corporate
14.86% 0.00% 45.78% 15.89%
Cash & Equivalents
1.78% 0.00% 34.51% 55.61%
Municipal
0.43% 0.00% 2.78% 17.29%
Derivative
0.22% 0.00% 15.18% 26.64%

Bond Geographic Breakdown

Weighting Return Low Return High SEIAX % Rank
US
86.23% 10.81% 158.90% 70.56%
Non US
11.90% -14.50% 44.61% 18.69%

SEIAX - Expenses

Operational Fees

SEIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.88% 0.01% 1.71% 26.21%
Management Fee 0.55% 0.00% 0.99% 94.88%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.00% 0.40% 30.49%

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 53.00% 0.00% 330.00% 52.61%

SEIAX - Distributions

Dividend Yield Analysis

SEIAX Category Low Category High SEIAX % Rank
Dividend Yield 2.14% 0.00% 0.44% 63.72%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SEIAX Category Low Category High SEIAX % Rank
Net Income Ratio 2.26% -0.06% 4.83% 9.86%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

SEIAX - Fund Manager Analysis

Managers

Steven Treftz


Start Date

Tenure

Tenure Rank

Dec 31, 2012

8.5

8.5%

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

7.5

7.5%

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

2.5

2.5%

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.

Michael Canter


Start Date

Tenure

Tenure Rank

Sep 30, 2020

0.75

0.8%

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

Dimitri Silva


Start Date

Tenure

Tenure Rank

Sep 30, 2020

0.75

0.8%

Portfolio Manager—US and Global Multi-Sector Dimitri Silva is a Vice President and Portfolio Manager at AllianceBernstein. He is a member of the US Multi-Sector, Global Multi-Sector and Fixed Income Absolute Return portfolio-management teams. Silva specializes in global interest-rate strategies, including inflation-linked strategies, as a member of our Rates and Currency Research Review team. He joined the firm in 2007 as an associate portfolio manager. Silva holds a BS (summa cum laude) in mathematics/physics and chemistry from The College of Idaho. He is a CFA charterholder and a member of the New York Society of Security Analysts. Location: New York

Janaki Rao


Start Date

Tenure

Tenure Rank

Sep 30, 2020

0.75

0.8%

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

Shawn Keegan


Start Date

Tenure

Tenure Rank

Sep 30, 2020

0.75

0.8%

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

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 19.59 6.83 10.18