SIIT U.S. Managed Volatility Fund
Name
As of 11/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
19.5%
1 yr return
25.4%
3 Yr Avg Return
9.1%
5 Yr Avg Return
8.6%
Net Assets
$747 M
Holdings in Top 10
13.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.62%
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 11/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SVYAX - Profile
Distributions
- YTD Total Return 19.5%
- 3 Yr Annualized Total Return 9.1%
- 5 Yr Annualized Total Return 8.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.21%
- Dividend Yield 2.2%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameSIIT U.S. Managed Volatility Fund
-
Fund Family NameSEI Funds
-
Inception DateDec 31, 2008
-
Shares Outstanding67087378
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerHarindra de Silva
Fund Description
Under normal circumstances, the U.S. Managed Volatility Fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of U.S. companies of all
capitalization ranges. These securities may include common stocks, preferred stocks, interests in real estate investment trusts (REITs), exchange-traded funds (ETFs) and warrants. The Fund may also, to a lesser extent, invest in American Depositary Receipts (ADRs) and securities of non-U.S. companies.
The Fund uses a multi-manager approach, relying on a number of sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) with differing investment philosophies to manage portions of the Fund's portfolio under the general supervision of SEI Investments Management Corporation (SIMC or the Adviser). The Fund seeks to achieve an absolute return of the broad U.S. equity markets, but with a lower absolute volatility. Over the long term, the Fund seeks to achieve a return similar to that of the Russell 3000 Index, but with a lower level of volatility. However, given that the Fund's investment strategy focuses on absolute return and risk, the Fund's sector and market capitalization exposures will typically vary from the index and may cause significant performance deviations relative to the index over shorter-term periods. The Fund seeks to achieve lower volatility by constructing a portfolio of securities that effectively weighs securities based on their total expected risk and return, without regard to market capitalization and industry.
SVYAX - Performance
Return Ranking - Trailing
Period | SVYAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 19.5% | -10.0% | 41.5% | 40.91% |
1 Yr | 25.4% | 0.2% | 56.7% | 54.82% |
3 Yr | 9.1%* | -3.5% | 31.5% | 38.40% |
5 Yr | 8.6%* | 0.1% | 45.8% | 86.24% |
10 Yr | 8.0%* | 1.5% | 25.1% | 75.94% |
* Annualized
Return Ranking - Calendar
Period | SVYAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -7.8% | -16.9% | 46.1% | 97.97% |
2022 | -11.5% | -64.7% | 4.6% | 45.98% |
2021 | -1.3% | -44.2% | 57.5% | 95.86% |
2020 | -4.3% | -23.2% | 285.0% | 81.16% |
2019 | 16.3% | -21.4% | 48.5% | 70.25% |
Total Return Ranking - Trailing
Period | SVYAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 19.5% | -10.0% | 41.5% | 40.91% |
1 Yr | 25.4% | 0.2% | 56.7% | 54.82% |
3 Yr | 9.1%* | -3.5% | 31.5% | 38.40% |
5 Yr | 8.6%* | 0.1% | 45.8% | 86.24% |
10 Yr | 8.0%* | 1.5% | 25.1% | 75.94% |
* Annualized
Total Return Ranking - Calendar
Period | SVYAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.8% | -15.9% | 46.7% | 90.23% |
2022 | -0.4% | -42.0% | 8.5% | 11.03% |
2021 | 20.4% | 3.6% | 129.7% | 91.34% |
2020 | -1.9% | -22.6% | 304.8% | 87.38% |
2019 | 23.9% | -12.7% | 52.1% | 70.15% |
NAV & Total Return History
SVYAX - Holdings
Concentration Analysis
SVYAX | Category Low | Category High | SVYAX % Rank | |
---|---|---|---|---|
Net Assets | 747 M | 126 K | 163 B | 54.32% |
Number of Holdings | 350 | 2 | 1727 | 5.42% |
Net Assets in Top 10 | 104 M | 433 K | 37.8 B | 68.11% |
Weighting of Top 10 | 13.70% | 4.4% | 99.1% | 98.34% |
Top 10 Holdings
- SEI DAILY INCOME TRUST GOVERNMENT FUND (#36) 1.67%
- INTL BUSINESS MACHINES CORP COMMON STOCK 1.53%
- AMDOCS LTD COMMON STOCK 1.47%
- CISCO SYSTEMS INC COMMON STOCK 1.45%
- VERIZON COMMUNICATIONS INC COMMON STOCK 1.40%
- BANK OF NEW YORK MELLON CORP COMMON STOCK 1.32%
- BRISTOL-MYERS SQUIBB CO COMMON STOCK 1.29%
- ATT INC COMMON STOCK 1.26%
- EXXON MOBIL CORP COMMON STOCK 1.17%
- KROGER CO COMMON STOCK 1.13%
Asset Allocation
Weighting | Return Low | Return High | SVYAX % Rank | |
---|---|---|---|---|
Stocks | 97.66% | 7.19% | 103.40% | 62.78% |
Cash | 1.94% | 0.00% | 36.15% | 36.76% |
Other | 0.86% | -2.59% | 36.68% | 10.29% |
Preferred Stocks | 0.00% | 0.00% | 15.27% | 35.39% |
Convertible Bonds | 0.00% | 0.00% | 3.66% | 31.86% |
Bonds | 0.00% | 0.00% | 78.06% | 35.11% |
Stock Sector Breakdown
Weighting | Return Low | Return High | SVYAX % Rank | |
---|---|---|---|---|
Healthcare | 19.76% | 0.00% | 30.08% | 22.63% |
Consumer Defense | 17.86% | 0.00% | 34.10% | 3.15% |
Technology | 15.60% | 0.00% | 54.02% | 19.20% |
Financial Services | 10.77% | 0.00% | 58.05% | 95.83% |
Consumer Cyclical | 9.06% | 0.00% | 22.74% | 15.12% |
Industrials | 8.42% | 0.00% | 42.76% | 82.10% |
Communication Services | 8.13% | 0.00% | 26.58% | 17.90% |
Utilities | 3.89% | 0.00% | 27.04% | 58.44% |
Energy | 3.05% | 0.00% | 54.00% | 92.30% |
Real Estate | 2.60% | 0.00% | 90.54% | 50.56% |
Basic Materials | 0.87% | 0.00% | 21.69% | 89.98% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SVYAX % Rank | |
---|---|---|---|---|
US | 96.49% | 7.19% | 103.40% | 59.28% |
Non US | 1.17% | 0.00% | 24.08% | 31.34% |
SVYAX - Expenses
Operational Fees
SVYAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.62% | 0.03% | 14.82% | 79.98% |
Management Fee | 0.55% | 0.00% | 1.50% | 44.98% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.05% | 0.00% | 0.50% | 16.56% |
Sales Fees
SVYAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
SVYAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 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.
SVYAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 488.00% | 64.17% |
SVYAX - Distributions
Dividend Yield Analysis
SVYAX | Category Low | Category High | SVYAX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.24% | 0.00% | 16.67% | 1.56% |
Dividend Distribution Analysis
SVYAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Monthly | Annual |
Net Income Ratio Analysis
SVYAX | Category Low | Category High | SVYAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.21% | -1.51% | 4.28% | 9.88% |
Capital Gain Distribution Analysis
SVYAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Oct 07, 2024 | $0.071 | OrdinaryDividend |
Apr 05, 2024 | $0.077 | OrdinaryDividend |
Dec 28, 2023 | $0.062 | OrdinaryDividend |
Dec 15, 2023 | $1.164 | OrdinaryDividend |
Dec 15, 2023 | $0.036 | CapitalGainShortTerm |
Dec 15, 2023 | $1.128 | CapitalGainLongTerm |
Oct 05, 2023 | $0.076 | OrdinaryDividend |
Jul 06, 2023 | $0.070 | OrdinaryDividend |
Apr 05, 2023 | $0.080 | OrdinaryDividend |
Dec 29, 2022 | $0.078 | OrdinaryDividend |
Dec 16, 2022 | $1.137 | OrdinaryDividend |
Oct 06, 2022 | $0.079 | OrdinaryDividend |
Jul 07, 2022 | $0.069 | OrdinaryDividend |
Apr 06, 2022 | $0.089 | OrdinaryDividend |
Dec 30, 2021 | $0.094 | OrdinaryDividend |
Dec 16, 2021 | $2.506 | OrdinaryDividend |
Oct 05, 2021 | $0.088 | OrdinaryDividend |
Jul 07, 2021 | $0.085 | OrdinaryDividend |
Apr 06, 2021 | $0.093 | OrdinaryDividend |
Dec 30, 2020 | $0.085 | OrdinaryDividend |
Dec 11, 2020 | $0.010 | CapitalGainLongTerm |
Oct 06, 2020 | $0.066 | OrdinaryDividend |
Jul 07, 2020 | $0.057 | OrdinaryDividend |
Apr 07, 2020 | $0.084 | OrdinaryDividend |
Dec 30, 2019 | $0.050 | OrdinaryDividend |
Dec 13, 2019 | $0.012 | CapitalGainShortTerm |
Dec 13, 2019 | $0.557 | CapitalGainLongTerm |
Oct 08, 2019 | $0.085 | OrdinaryDividend |
Jul 09, 2019 | $0.086 | OrdinaryDividend |
Apr 09, 2019 | $0.101 | OrdinaryDividend |
Dec 28, 2018 | $0.092 | OrdinaryDividend |
Dec 14, 2018 | $0.218 | CapitalGainShortTerm |
Dec 14, 2018 | $1.675 | CapitalGainLongTerm |
Oct 04, 2018 | $0.092 | OrdinaryDividend |
Jul 09, 2018 | $0.076 | OrdinaryDividend |
Apr 06, 2018 | $0.084 | OrdinaryDividend |
Dec 28, 2017 | $0.130 | OrdinaryDividend |
Dec 14, 2017 | $0.141 | CapitalGainShortTerm |
Dec 14, 2017 | $1.114 | CapitalGainLongTerm |
Oct 05, 2017 | $0.086 | OrdinaryDividend |
Jul 07, 2017 | $0.088 | OrdinaryDividend |
Apr 07, 2017 | $0.048 | OrdinaryDividend |
Dec 29, 2016 | $0.088 | OrdinaryDividend |
Dec 15, 2016 | $0.072 | CapitalGainShortTerm |
Dec 15, 2016 | $0.599 | CapitalGainLongTerm |
Oct 06, 2016 | $0.087 | OrdinaryDividend |
Jul 07, 2016 | $0.074 | OrdinaryDividend |
Apr 07, 2016 | $0.112 | OrdinaryDividend |
Dec 30, 2015 | $0.083 | OrdinaryDividend |
Dec 11, 2015 | $0.078 | CapitalGainShortTerm |
Dec 11, 2015 | $0.763 | CapitalGainLongTerm |
Oct 05, 2015 | $0.077 | OrdinaryDividend |
Jul 08, 2015 | $0.075 | OrdinaryDividend |
Apr 02, 2015 | $0.085 | OrdinaryDividend |
Dec 30, 2014 | $0.083 | OrdinaryDividend |
Oct 03, 2014 | $0.092 | OrdinaryDividend |
Jul 03, 2014 | $0.081 | OrdinaryDividend |
Mar 28, 2014 | $0.066 | OrdinaryDividend |
Dec 30, 2013 | $0.073 | OrdinaryDividend |
Dec 11, 2013 | $0.394 | CapitalGainShortTerm |
Dec 11, 2013 | $0.824 | CapitalGainLongTerm |
Oct 03, 2013 | $0.088 | OrdinaryDividend |
Jul 03, 2013 | $0.084 | OrdinaryDividend |
Mar 27, 2013 | $0.076 | OrdinaryDividend |
Dec 28, 2012 | $0.087 | OrdinaryDividend |
Dec 12, 2012 | $0.117 | CapitalGainShortTerm |
Dec 12, 2012 | $0.111 | CapitalGainLongTerm |
Oct 03, 2012 | $0.076 | OrdinaryDividend |
Jul 05, 2012 | $0.068 | OrdinaryDividend |
Mar 29, 2012 | $0.062 | OrdinaryDividend |
Dec 29, 2011 | $0.058 | OrdinaryDividend |
Dec 07, 2011 | $0.151 | CapitalGainShortTerm |
Dec 07, 2011 | $0.661 | CapitalGainLongTerm |
Oct 05, 2011 | $0.039 | OrdinaryDividend |
Jul 06, 2011 | $0.053 | OrdinaryDividend |
Mar 30, 2011 | $0.058 | OrdinaryDividend |
SVYAX - Fund Manager Analysis
Managers
Harindra de Silva
Start Date
Tenure
Tenure Rank
Dec 31, 2008
13.42
13.4%
Harindra (Harin) de Silva is a portfolio manager for the Systematic Edge team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Before WFAM, Harin was a principal at Analysis Group, Inc., where he was responsible for providing economic research services to institutional investors, including investment managers, large pension funds, and endowments. He focuses on the ongoing research effort for equity and factor-based asset allocation strategies. Harin earned a bachelor’s degree in mechanical engineering from the University of Manchester Institute of Science and Technology, a master’s degree in business administration with an emphasis in finance, a master’s degree in econometrics from the University of Rochester, and a Ph.D. in finance from the University of California, Irvine. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation.
Ryan Brown
Start Date
Tenure
Tenure Rank
Dec 31, 2008
13.42
13.4%
Ryan Brown is a portfolio manager for the Systematic Edge team at Allspring Global Investments. He is responsible for the day-to-day portfolio management and trading for U.S. equity-based investment strategies and contributes to the ongoing research efforts of these strategies. Ryan joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to WFAM, Ryan worked for Beekman Capital Management, where he was responsible for selecting stocks within the financial services sector. Ryan earned a bachelor’s degree in economics from Brigham Young University and a master’s degree in finance from the University of Utah. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation.
Dennis Bein
Start Date
Tenure
Tenure Rank
Dec 31, 2008
13.42
13.4%
Dennis Bein is a portfolio manager for the Systematic Edge team at Allspring Global Investments. In this role, he focuses on the day-to-day portfolio management and research related to equity-based investment strategies. Dennis joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to joining Systematic Edge, Dennis was a senior consultant for Analysis Group, Inc., where he provided investment consulting services for institutional investors and plan sponsors. He earned a bachelor’s degree in business administration and a master’s degree in business administration with an emphasis in finance from the University of California, Riverside. Dennis has earned the right to use the Chartered Financial Analyst® (CFA®) designation.
Eugene Barbaneagra
Start Date
Tenure
Tenure Rank
Dec 31, 2010
11.42
11.4%
Eugene Barbaneagra, CFA, serves as Portfolio Manager for the U.S. Equity Factor Allocation, U.S. Managed Volatility, Global Managed Volatility and World Select Equity Funds. Mr. Barbaneagra serves as a Portfolio Manager within the Investment Management Unit. Mr. Barbaneagra is responsible for the portfolio strategy of US and Global Managed Volatility Funds and a number of core Global Equity funds.
Josef Lakonishok
Start Date
Tenure
Tenure Rank
Sep 30, 2011
10.67
10.7%
Dr. Lakonishok joined LSV in 1994, where he currently serves as Chief Executive Officer, Chief Investment Officer, Partner and Portfolio Manager Dr. Lakonishok has more than 30 years of investment and research experience. Dr. Lakonishok was, until 2004, the William G. Karnes Professor of Finance at the College of Commerce & Business Administration at the University of Illinois at Urbana-Champaign. Before that, he held staff and visiting professorships at Tel Aviv University, Cornell University, the University of North Carolina at Chapel Hill, and the University of British Columbia.
Puneet Mansharamani
Start Date
Tenure
Tenure Rank
Sep 30, 2011
10.67
10.7%
Puneet Mansharamani, CFA, is a Partner, Portfolio Manager and Quantitative Analyst of LSV. Mr. Mansharamani has more than 14 years of investment experience. At LSV, Mr. Mansharamani is part of our quantitative and implementation team, which is responsible for the day-to-day data management, portfolio implementation and ongoing enhancement of our models and systems. Prior to joining LSV, Mr. Mansharamani was an Analyst at Institutional Trust National City Corporation. His responsibilities included project management, systems development and designing financial and analytical applications fo
Menno Vermeulen
Start Date
Tenure
Tenure Rank
Sep 30, 2011
10.67
10.7%
Menno Vermeulen, CFA, is a Partner, Portfolio Manager and Senior Quantitative Analyst of LSV. Dr. Lakonishok joined LSV in 1994. Vermeulen has more than 21 years of investment experience. At LSV, Mr. Vermeulen has developed and written the software for our quantitative models and portfolio management system. He leads our quantitative and implementation team, which is responsible for the day-to-day data management, portfolio implementation and ongoing enhancement of our models and systems. Mr. Vermeulen is also involved in the research process at LSV. Prior to joining LSV, he worked at ABP
Greg Sleight
Start Date
Tenure
Tenure Rank
Sep 30, 2014
7.67
7.7%
Greg Sleight is a Partner, Portfolio Manager and Quantitative Analyst of LSV. At LSV, Mr. Sleight is part of our quantitative and implementation team, which is responsible for the day-to-day data management, portfolio implementation and ongoing enhancement of our models and systems. Mr. Sleight received a B.S. in Material Science & Engineering from the University of Illinois in 2000 and an M.B.A. in Econometrics, Economics & Analytic Finance from the University of Chicago in 2006.
Guy Lakonishok
Start Date
Tenure
Tenure Rank
Sep 30, 2014
7.67
7.7%
Guy Lakonishok, CFA is a Partner, Portfolio Manager and Quantitative Analyst at LSV. Prior to joining LSV, Mr. Lakonishok was a Vice President in the Quantitative Equity group at BlackRock. His responsibilities included research, portfolio implementation, system development and performance attribution. Prior to this experience, Mr. Lakonishok was an analyst in the Quantitative Equity group at Weiss, Peck, and Greer, where he was responsible for developing portfolio analytics and assisting in the day-to-day management of the portfolios. Mr. Lakonishok received a B.S. in Applied Science with
Jason Karceski
Start Date
Tenure
Tenure Rank
Sep 30, 2014
7.67
7.7%
Jason Karceski, Ph.D., has served as a Senior Research Analyst of LSV since 2009, a partner since 2012 and portfolio manager since 2014.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.05 | 86.59 | 8.09 | 0.25 |