SITEX: SEI Emerging Markets Debt F (SIT)

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SITEX SEI Emerging Markets Debt F (SIT)


Profile

SITEX - Profile

Vitals

  • YTD Return -8.4%
  • 3 Yr Annualized Return -2.6%
  • 5 Yr Annualized Return -0.5%
  • Net Assets $1.37 B
  • Holdings in Top 10 9.2%

52 WEEK LOW AND HIGH

$9.43
$8.08
$10.38

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.62%

SALES FEES

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

BROKERAGE FEES

  • Turnover 114.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Emerging Markets Bond

Distributions

  • YTD Total Return -8.4%
  • 3 Yr Annualized Total Return -2.6%
  • 5 Yr Annualized Total Return -0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.93%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    SEI Institutional International Trust Emerging Markets Debt Fund
  • Fund Family Name
    SEI
  • Inception Date
    Jun 26, 1997
  • Shares Outstanding
    144817750
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Oliver

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 fixed income securities of emerging market issuers. It will invest in debt securities of government, government-related and corporate issuers in emerging market countries, as well as entities organized to restructure the outstanding debt of such issuers. The fund is non-diversified.


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Categories

Performance

SITEX - Performance

Return Ranking - Trailing

Period SITEX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.4% -32.2% 9.2% 71.81%
1 Yr -2.0% -38.1% 15.4% 45.88%
3 Yr -2.6%* -25.4% 3.0% 54.19%
5 Yr -0.5%* -18.1% 18.4% 37.15%
10 Yr -0.9%* -12.8% 10.9% 71.43%

* Annualized

Return Ranking - Calendar

Period SITEX Return Category Return Low Category Return High Rank in Category (%)
2019 11.8% -21.7% 32.8% 7.64%
2018 -10.8% -35.5% 3.9% 70.19%
2017 9.9% -15.9% 20.0% 6.39%
2016 7.7% -13.3% 210.7% 11.45%
2015 -9.6% -29.9% 5.0% 69.65%

Total Return Ranking - Trailing

Period SITEX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.4% -32.2% 9.2% 71.81%
1 Yr -2.0% -38.1% 15.4% 45.88%
3 Yr -2.6%* -25.4% 4.8% 68.62%
5 Yr -0.5%* -18.1% 26.6% 56.02%
10 Yr -0.9%* -12.8% 13.4% 80.18%

* Annualized

Total Return Ranking - Calendar

Period SITEX Return Category Return Low Category Return High Rank in Category (%)
2019 11.8% -21.7% 32.8% 7.93%
2018 -10.8% -35.5% 3.9% 80.12%
2017 9.9% -15.9% 21.6% 22.45%
2016 7.7% -13.3% 233.7% 26.72%
2015 -9.6% -29.9% 6.6% 75.36%

NAV & Total Return History


Holdings

SITEX - Holdings

Concentration Analysis

SITEX Category Low Category High SITEX % Rank
Net Assets 1.37 B 902 K 13.6 B 15.55%
Number of Holdings 1087 4 3983 12.39%
Net Assets in Top 10 95.9 M -1.05 B 61.1 B 37.89%
Weighting of Top 10 9.23% 5.6% 288.6% 98.18%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High SITEX % Rank
Bonds
95.90% 80.03% 7956.53% 43.32%
Cash
6.08% -7876.18% 78.90% 33.80%
Convertible Bonds
0.09% 0.00% 19.52% 61.97%
Stocks
0.02% -100.67% 110.51% 35.58%
Preferred Stocks
0.00% 0.00% 5.57% 32.82%
Other
-2.09% -17.44% 51.06% 98.87%

Bond Sector Breakdown

Weighting Return Low Return High SITEX % Rank
Government
84.16% -0.16% 263.38% 7.61%
Corporate
9.77% 0.00% 94.19% 65.63%
Cash & Equivalents
6.01% -221.24% 43.57% 53.24%
Derivative
0.06% -0.31% 70.24% 55.21%
Securitized
0.00% 0.00% 90.58% 56.34%
Municipal
0.00% 0.00% 41.00% 32.96%

Bond Geographic Breakdown

Weighting Return Low Return High SITEX % Rank
Non US
94.76% -0.30% 329.40% 22.82%
US
1.14% -38.08% 7927.09% 68.87%

Expenses

SITEX - Expenses

Operational Fees

SITEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.62% 0.01% 38.91% 34.76%
Management Fee 0.85% 0.00% 2.50% 83.31%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.45% 0.01% 0.50% 96.65%

Sales Fees

SITEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SITEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 72.63%

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.

SITEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 114.00% 0.00% 451.00% 66.00%

Distributions

SITEX - Distributions

Dividend Yield Analysis

SITEX Category Low Category High SITEX % Rank
Dividend Yield 0.00% 0.00% 4.68% 24.65%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SITEX Category Low Category High SITEX % Rank
Net Income Ratio 4.93% -2.28% 11.37% 25.96%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

SITEX - Fund Manager Analysis

Managers

David Oliver


Start Date

Tenure

Tenure Rank

Dec 31, 2008

11.34

11.3%

David joined the team in 2008. Prior to joining Stone Harbor, David served as a Managing Director for Sales and Trading in Emerging Markets Debt at Citigroup Global Markets. He is a member of the CFA Institute and the CFA Society New York. He attained a BA from Northwestern University, MA from the University of Delaware, and MBA from the Tuck School of Business at Dartmouth College.

William Perry


Start Date

Tenure

Tenure Rank

Sep 30, 2012

7.59

7.6%

William joined the team in 2012. Prior to joining Stone Harbor, William served as an Emerging Markets Corporate Portfolio Manager at Morgan Stanley Investment Management. Prior to Morgan Stanley, William served as a Managing Director/Portfolio Manager in the Global Special Opportunities Group for Latin American Special Situations at JPMorgan/Chase. While at JPMorgan, he also served in a series of roles including Credit Risk Manager for the Global Head of Emerging Markets, Co-Head of Emerging Markets Corporate Research, and as a Vice President for Global Emerging Markets Debt Restructuring, and Latin American Capital Market. Prior to JPMorgan, William served as a Senior Associate in the Investment Banking Group at Bank of America Securities Inc. William began his career as an Associate in the Petroleum Division at Irving Trust Company. He attained a BA in International Relations and Economics from Colgate University and an MBA in Finance from the Columbia Business School.

Rob Drijkoningen


Start Date

Tenure

Tenure Rank

Dec 20, 2013

6.36

6.4%

Rob Drijkoningen is a Managing Director of Neuberger Berman Investment Advisers LLC. Rob joined the firm in 2013 and is a portfolio manager and co-head of the firm’s Emerging Markets Debt team. Rob joined Neuberger Berman after working at ING Investment Management for almost 18 years, most recently as the global Co-Head of the Emerging Markets Debt team responsible for managing over $16 billion in assets under management. He earned his Macro-Economics degree from Erasmus University in Rotterdam and has authored numerous articles on emerging markets debt subjects. Rob is DSI qualified.

Raoul Luttik


Start Date

Tenure

Tenure Rank

Dec 20, 2013

6.36

6.4%

Raoul Luttik is a Managing Director of Neuberger Berman Investment Advisers LLC. He joined the firm in 2013 and is a portfolio manager for the firm’s Emerging Markets Debt team, responsible for managing Emerging Markets Debt Local Currency strategies. Raoul joined Neuberger Berman after working at ING Investment Management, where he was a Lead Portfolio Manager within their Emerging Markets team (local currency). He started at ING Investment Management in 1998. Raoul acquired a degree in Economics from Rijksuniversiteit Groningen in 1993. In 1997 Raoul became RBA registered (Register of Investment Analysts) a registration affiliated with the European Federation of Financial Analysts Societies. Raoul is also DSI qualified.

Gorky Urquieta


Start Date

Tenure

Tenure Rank

Dec 20, 2013

6.36

6.4%

Gorky Urquieta, Managing Director, joined Neuberger Berman in 2013. Mr. Urquieta is a Portfolio Manager and Co-Head of the Emerging Markets Debt team. He joined Neuberger Berman from ING Investment Management where he was most recently global co-head of Emerging Markets Debt (EMD), responsible for global emerging markets debt external and local currency strategies. Mr. Urquieta joined ING Investment Management in 1997 until 2013. He obtained a BA in Business Administration from the Bolivian Catholic University in La Paz, Bolivia, and a master's degree in finance from the University of Wisconsin.

Bart van der Made


Start Date

Tenure

Tenure Rank

Dec 20, 2013

6.36

6.4%

Bart van der Made, CFA, Managing Director, joined Neuberger Berman in 2013. Mr. van der Made is a lead Portfolio Manager on the Emerging Markets Debt team, responsible for managing EMD Hard Currency portfolios. Prior to joining Neuberger Berman, Mr. van der Made held various roles at ING Investment Management, most recently since 2009, as lead Portfolio Manager of emerging markets debt (hard currency). From 2005 onwards, Mr. van der Made was a Senior Portfolio Manager and before that was the EMD Economist — the role in which he joined in 2000. Mr. van der Made earned a master's degree in Econometrics from Erasmus University in Rotterdam, and has been awarded the Chartered Financial Analyst designation.

Prashant Singh


Start Date

Tenure

Tenure Rank

Dec 20, 2013

6.36

6.4%

Prashant Singh, CFA, Managing Director, joined Neuberger Berman in 2013. Mr. Singh is the Lead Portfolio Manager (Asia) on the Emerging Markets Debt team. Mr. Singh is responsible for managing the emerging markets debt portfolios in the Asia region, focusing on rates and currencies. Mr. Singh joined Neuberger Berman after working at ING Investment Management, where he held a similar role. Mr. Singh joined ING Investment Management in 2003. Mr. Singh graduated from St. Stephen's College, University of Delhi, India with a BS in Mathematics and earned an M.B.A. from the Indian Institute of Management, Ahmedabad, specializing in Finance.

Werner Gey van Pittius


Start Date

Tenure

Tenure Rank

Dec 31, 2013

6.33

6.3%

Werner is Co-Head of Emerging Market Sovereign & FX at Ninety One. He is jointly responsible with Peter Eerdmans for all global emerging market sovereign debt strategies. Werner is also responsible for EEMEA research in the team. He moved to London from Cape Town where he was a fixed income quantitative analyst and managed the firm’s asset and liability matching book. Prior to joining the firm, Werner played professional rugby in concurrence with academic programmes. He holds a Bachelor of Commerce degree in Insurance Science from the University of Pretoria, a Bachelor of Commerce (Hons) degree in Financial Economics from the University of Stellenbosch, and a Master of Science degree in Applied Statistics from Oxford University. In addition, Werner obtained the Society of Technical Analysts diploma and was awarded the Chartered Financial Analyst (CFA) designation from the CFA Institute in 2006.

Antoon de Klerk


Start Date

Tenure

Tenure Rank

Dec 31, 2017

2.33

2.3%

Antoon is an investment specialist and portfolio manager in the Global Emerging Market Debt team at Investec Asset Management. He is a portfolio manager for our Emerging Markets Local Currency Debt, Emerging Markets Local Currency Total Return Debt, and African Fixed Income strategies. He also has joint regional research responsibilities for Africa. He joined the Investec Group in 2005 as part of the Investec chartered accountant (TOPP) Programme. After spending time in accounts and investment banking where he was involved with merger and acquisition advisory work, he joined Investec Asset Management in 2006. Antoon holds a Master’s degree (cum laude) in Economics and an honours degree in Accounting from the University of Stellenbosch and is a Chartered Accountant (SA). Antoon studied in Germany as part of his post-graduate economic studies.

Louis Hanover


Start Date

Tenure

Tenure Rank

Oct 29, 2018

1.5

1.5%

Louis Hanover is Chief Investment Officer and Co-Managing Partner of the firm. Mr. Hanover oversees Marathon’s portfolio managers and their investment activities. Mr. Hanover’s responsibilities also include managing risk on a firm-wide basis, as well as serving as Senior Portfolio Manager for MSOF, MCOF, and managed accounts. Additionally, Mr. Hanover serves on Marathon’s Investment Committee and Executive Committee. Mr. Hanover has extensive trading experience and expertise as an asset manager, arbitrageur, and risk manager in both the equity and fixed income markets on a global basis. Prior to co-founding Marathon in 1998, Mr. Hanover was a Managing Director at Smith Barney, where he was responsible for all trading and risk management in the global emerging markets debt trading division. Earlier, Mr. Hanover was a Director of the global emerging markets debt and foreign exchange derivatives trading division at Merrill Lynch. In 1991, he pioneered the use of warrants on a basket of Latin American equities at Nomura Securities. Mr. Hanover previously traded European sovereign debt futures at First Chicago Capital Markets and was a floor trader at the Chicago Board of Trade. Mr. Hanover received a B.A. degree in Economic History from the University of Chicago (1986) and an MBA from the Graduate School of Business at the University of Chicago (1989).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 28.11 5.86 10.67