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SPINX SEI S&P 500 Index A (SIIT)

  • Fund
  • SPINX
  • Price as of: Sep 20, 2019
  • $16.09 - $0.07 - 0.43%
  • Fund Company
  • SEI

SPINX - Profile

Vitals

  • YTD Return 20.0%
  • 3 Yr Annualized Return 10.2%
  • 5 Yr Annualized Return 7.9%
  • Net Assets $4.39 B
  • Holdings in Top 10 21.8%

52 WEEK LOW AND HIGH

$16.09
$12.66
$16.21

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.12%

SALES FEES

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

BROKERAGE FEES

  • Turnover 21.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$100,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Large Blend

Distributions

  • YTD Total Return 20.0%
  • 3 Yr Annualized Total Return 10.2%
  • 5 Yr Annualized Total Return 7.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.23%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name SEI Institutional Investments Trust S&P 500 Index Fund
  • Fund Family Name SEI
  • Inception Date Dec 18, 2013
  • Shares Outstanding 279401653
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Michael J. Feehily

Fund Description

The SEI Institutional Investments Trust S&P 500 Index Fund Class A (SPINX) is a low-cost, passively managed index fund that provides exposure to large-cap U.S. equities. SPINX tracks the benchmark S&P 500 Index and employs a full-replication strategy, thereby owning all the stocks in the index and achieving exposure to the main sectors of the U.S. economy. The fund may also invest in various derivatives, S&P tracking ETFs, and lend securities to reduce expenses.

As an index covering large-cap stocks and every sector of the market, SPINX makes an ideal core position for any investor’s portfolio. SPINX is managed externally by SSgA Funds Management.

SPINX - Performance

Return Ranking - Trailing

Period SPINX Return Category Return Low Category Return High Rank in Category (%)
YTD 20.0% -0.2% 29.7% 42.23%
1 Yr -0.4% -47.1% 10.8% 21.13%
3 Yr 10.2%* -19.7% 14.4% 13.20%
5 Yr 7.9%* -26.3% 10.4% 9.25%
10 Yr N/A* -9.5% 12.6% N/A

* Annualized


Return Ranking - Calendar

Period SPINX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.7% -51.6% 10.0% 18.22%
2017 18.9% -32.8% 33.2% 18.06%
2016 9.6% -26.1% 19.7% 22.39%
2015 -0.9% -82.5% 7.8% 14.04%
2014 N/A -28.7% 24.1% N/A

Total Return Ranking - Trailing

Period SPINX Return Category Return Low Category Return High Rank in Category (%)
YTD 20.0% -0.2% 29.7% 42.40%
1 Yr -0.4% -39.0% 12.8% 42.17%
3 Yr 10.2%* -19.7% 16.6% 47.59%
5 Yr 7.9%* -17.6% 22.3% 40.42%
10 Yr N/A* -4.0% 17.4% N/A

* Annualized


Total Return Ranking - Calendar

Period SPINX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.7% -46.2% 10.0% 45.96%
2017 18.9% -22.1% 33.2% 58.21%
2016 9.6% -16.4% 23.8% 48.67%
2015 -0.9% -21.4% 106.5% 42.76%
2014 N/A -24.8% 25.9% N/A

NAV & Total Return History

SPINX - Holdings

Concentration Analysis

SPINX Category Low Category High SPINX % Rank
Net Assets 4.39 B 131 K 813 B 20.81%
Number of Holdings 511 2 3592 11.08%
Net Assets in Top 10 978 M -123 M 145 B 23.27%
Weighting of Top 10 21.79% 2.9% 216.7% 72.67%

Top 10 Holdings

  1. Microsoft Corp 4.14%

  2. Apple Inc 3.57%

  3. Amazon.com Inc 2.88%

  4. E-mini S&P 500 Sept19 2.36%

  5. Facebook Inc A 1.75%

  6. Berkshire Hathaway Inc B 1.54%

  7. Alphabet Inc Class C 1.43%

  8. Alphabet Inc A 1.40%

  9. JPMorgan Chase & Co 1.40%

  10. Johnson & Johnson 1.33%


Asset Allocation

Weighting Return Low Return High SPINX % Rank
Stocks
97.79% 81.63% 128.08% 69.97%
Cash
3.06% -28.09% 18.36% 16.16%
Preferred Stocks
0.00% 0.00% 2.04% 17.17%
Convertible Bonds
0.00% 0.00% 7.92% 12.69%
Bonds
0.00% -14.46% 4.83% 16.24%
Other
-0.84% -2.70% 16.72% 98.82%

Stock Sector Breakdown

Weighting Return Low Return High SPINX % Rank
Technology
22.95% 0.00% 46.33% 46.74%
Financial Services
15.34% 0.00% 45.41% 63.34%
Healthcare
13.49% 0.00% 27.61% 50.38%
Consumer Cyclical
11.64% 0.00% 39.96% 56.48%
Industrials
9.96% 0.00% 28.99% 55.80%
Consumer Defense
7.92% 0.00% 28.38% 37.34%
Energy
4.32% -0.03% 15.48% 58.85%
Communication Services
3.66% 0.00% 8.92% 41.66%
Utilities
3.40% -13.57% 19.49% 29.81%
Real Estate
2.78% -1.45% 15.15% 37.60%
Basic Materials
2.33% -3.86% 14.03% 51.91%

Stock Geographic Breakdown

Weighting Return Low Return High SPINX % Rank
US
96.83% 80.15% 127.01% 42.64%
Non US
0.96% -1.05% 20.36% 70.22%

SPINX - Expenses

Operational Fees

SPINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.12% 0.00% 307.60% 95.70%
Management Fee 0.03% 0.00% 2.00% 3.38%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.00% 0.85% 12.63%

Sales Fees

SPINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

SPINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.05% 2.00% N/A

Turnover 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.

SPINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 21.00% 0.00% 838.00% 29.18%

SPINX - Distributions

Dividend Yield Analysis

SPINX Category Low Category High SPINX % Rank
Dividend Yield 1.55% 0.00% 6.36% 8.12%

Dividend Distribution Analysis

SPINX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

SPINX Category Low Category High SPINX % Rank
Net Income Ratio 2.23% -2.85% 2.89% 1.20%

Capital Gain Distribution Analysis

SPINX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

SPINX - Managers

Michael J. Feehily

Manager

Start Date

Tenure

Tenure Rank

Dec 18, 2013

5.7

5.7%

Mr. Feehily, CFA, is a Managing Director of SSgA and the Adviser and Co-Head of Passive Equity Strategies in North America in the Global Equity Beta Solutions Group. In this capacity, Mr. Feehily has oversight of the North American Passive Equity teams in Boston and Montreal. In addition, Mr. Feehily is a member of the Senior Management Group. Mr. Feehily rejoined SSgA in 2010 after spending the previous four years at State Street Global Markets LLC where he helped to build the Exposure Solutions business. This group created and managed portfolios that were designed to meet the short-term market exposure needs of institutional clients. Prior to this, Mr. Feehily had been Head of the US Passive Equity Team within SSgA. He joined SSgA in 1997. Mr. Feehily received a Bachelor of Science Degree from Babson College in Finance, Investments, and Economics. He received an MBA in Finance from Bentley College and also earned the Chartered Financial Analyst designation. He is a member of the Boston Security Analysts Society and the CFA Institute. Mr. Feehily is also a former member of the Russell Index Client Advisory Board.


Mark Krivitsky

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2013

5.67

5.7%

Mr. Krivitsky is a Vice President of SSGA and SSGA FM and a Senior Portfolio Manager in the Global Equity Beta Solutions Group (GEBS) and Tax-Efficient Market Capture Group. He joined the firm in 1996. His previous experience at SSGA includes affiliation with the firm's U.S. Structured Products Operations Group. Mr. Krivitsky began his tenure at State Street Corporation in the Mutual Funds Division in 1992. He has been working in the investment management field since 1991. Mr. Krivitsky holds a Bachelor of Arts in Humanities/Social Sciences from the University of Massachusetts and a Master of Business Administration with a specialization in Finance from the Sawyer School of Management at Suffolk University.


Karl A. Schneider

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2013

5.67

5.7%

Karl Schneider, CAIA, is a Vice President of SSGA and SSGA FM, and Head of U.S. Equity Strategies for GEBS, where in addition to overseeing the management of the U.S. equity index strategies, he also serves as a portfolio manager for a number of the group's passive equity portfolios. Previously within GEBS, he served as a portfolio manager and product specialist for synthetic beta strategies, including commodities, buy/write, and hedge fund replication. Prior to joining GEBS, Mr. Schneider worked as a portfolio manager in SSGA's Currency Management Group, managing both active currency selection and traditional passive hedging overlay portfolios. He joined SSGA in 1996. Mr. Schneider holds a BS in finance and investments from Babson College and an MS in finance from Boston College. He has earned the Chartered Alternative Investment Analyst designation. Mr. Schneider is a member of the CAIA Association.


Stephen C. Dolce

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2016

2.92

2.9%

Steven C. Dolce, CFA, serves as Portfolio Manager at SEI Investments Management Corporation. Prior to joining SEI, Mr. Dolce was Partner, Portfolio Manager, Analyst and Investment Committee Member at Philadelphia International Advisors LP (PIA). Previously, Mr. Dolce was a Sector Portfolio Manager and Senior Analyst at DuPont Capital Management (DCM). Mr. Dolce also served as a Global Equity and Derivatives Trader at Grantham, Mayo & Van Otterloo & Co. LLC (GMO) in Boston. Mr. Dolce received his Bachelor of Science from Boston College, Carroll School of Management with a concentration in economics. Mr. Dolce received a Master of Finance from Northeastern University. Mr. Dolce is a CFA charterholder, a member of AIMR, the Philadelphia Financial Analysts and an industry mentor to the University of Delaware CFA Research Challenge students.


David L. Hintz

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2017

1.92

1.9%

Mr. Hintz is responsible for the management of the portfolios, capital market research, ongoing evaluation and allocation of equity managers and capital for the SEI funds. Prior to joining SEI, Mr. Hintz worked at Russell Investments as a Portfolio Manager and previously as the Head of US Equity Research and a Research Analyst. Mr. Hintz received his Bachelor of Science from Walla Walla University and his M.B.A. from Pacific Lutheran University. Mr. Hintz is a CFA charter holder from the CFA Institute.


Tenure Analysis

Category Low

0.0

Category High

40.69

Category Average

5.9

Category Mode

3.96