Fund Research for SEI Instl Mgd Core Fixed-Income I (SCXIX)

  • Fund Overview

    Fund Inception Date: Aug 06, 2001
    Category: Intermediate-Term Bond
    Overall Risk: Above Average
    Fund Family: SEI
    Return Since Inception: 4.46%
    YTD Return: 18.18%
    Yield (TTM): 4.76%
    Net Assets: 14.02 M
    Morningstar Rating:
    3 of 5
    The investment seeks current income consistent with preservation of capital. The fund normally invests at least 80% of net assets in income securities. It may invest primarily in investment and non-investment grade U.S. and foreign, including emerging-market, corporate and Government fixed-income securities including mortgage-backed securities.

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    Details
    Average Eff Duration 4.85 Yrs
    Average Eff Maturity 6.88 Yrs
    Average Credit Quality A
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/25/2009
    Style Box Detail calculations do not include the fund's short positions (if any)
  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 08/31/2001 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 18.18% 23.32% 4.35% 3.95% 5.40% 4.46%
    +/- Category 3.56% 4.30% -0.24% -0.07% -0.07%
    +/- Barclays US Aggregate Bond TR USD 6.31%

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 17.45% 20.73% 4.35% 3.80% 5.40% 4.46%
    Quarter (as of 09/30/2009) 15.39% 12.32% 3.97% 3.57% 4.29%
  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    US Government 14.20%
    Mortgage 36.39%
    Credit 26.82%
    Foreign 5.44%
    Cash 17.50%
    Bond Quality
    AAA 54.31%
    AA 4.45%
    A 7.57%
    BBB 7.71%
    BB 1.81%
    B 1.27%
    Below B 1.60%
    Not Rated 21.28%

    Asset Allocation

    Short Long Net Assets
    Cash 1.26% 17.50% 16.24%
    Stocks 0.00% 0.00% 0.00%
    Bonds 0.25% 83.00% 82.75%
    Other 0.00% 0.05% 0.05%
    Foreign Stocks
    (as a % of assets)
    0.00% 0.00% 0.00%
    Data as of 12/31/2008 Data as of 09/30/2009 View Fund Portfolio

    Top 10 Holdings

    Maturity Date Total Holdings Value of Holdings Net Assets
    - US 5YR NOTE (CBT) Sep09 09/22/2009 2,404.00 275.78 M 7.51%
    * Fnma 30yr Tba July 5% 07/15/2038 99.7 M 101.51 M 2.77%
    - 90DAY EUR$ FUTR SEP09 09/15/2009 308.00 76.48 M 2.08%
    + 90DAY EURO$ FUTURE MAR10 03/15/2010 289.00 71.4 M 1.95%
    - US 10YR NOTE FUT Sep09 09/22/2009 584.00 -67.9 M 1.85%
    - SEI Daily Income Prime Obligation A 64.55 M 64.55 M 1.76%
    * FNCL 4.5% 07/25/2039 64.43 M 64.29 M 1.75%
    = US 2YR NOTE (CBT) Sep09 10/01/2009 270.00 58.38 M 1.59%
    + Evergreen Institutional Money Market I 57.28 M 57.28 M 1.56%
    * Fnma 30yr Tba Aug 5.50% 08/01/2037 51.5 M 52.96 M 1.44%
    + Increase - Decrease = No change * New since last portfolio
    Data as of 06/30/2009
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.

  • Sales Information

    Sales Charge %

    Initial
    Deferred
    Taken from prospectus dated 01/31/2009
    Expense Ratio (based on net assets) 0.90%
    Taken from annual report dated 09/30/2008

  • Fund Management

    Stephen A. Walsh
    Start Date: 01/31/2006
    Walsh is a chief investment officer of Western Asset Management Company since September 2008. Prior to joining Western in 1990, he was a portfolio manager at Security Pacific Investment Managers from 1989 to 1991. Prior to that, Walsh was a portfolio manager at Atlantic Richfield Company from 1981 to 1988.He has over 27 years of investment experience
    Douglas S. Swanson
    Start Date: 05/05/2009
    Swanson has been employed by JPMorgan Investment Advisors and/or predecessor firms since 1983. Previously he was managing director of the taxable bond team for Banc One Investment Advisors and was first vice president and manager at First Chicago NBD Corporation.
    Carl Eichstaedt
    Start Date: 02/05/2007
    Eichstaedt is portfolio manager with Western Asset Management, his employer since 1994. Prior to joining the firm, he was a portfolio manager for Harris Investment Management. He was also a portfolio manager with Pacific Investment Management from 1992-1993. From 1990-1992, he was director of fixed income at Security Pacific Investment Managers.He has over 22 years of investment experience, Eichstaedt holds the Chartered Financial Analyst designation.
    Mark Lindbloom
    Start Date: 02/05/2007
    Lindbloom joined Western Asset in 2005 as a portfolio manager. Prior to Western Asset, he worked for Citigroup Asset Management as a portfolio manager from 1986 to 2005; Brown Brothers Harriman Co. as a portfolio manager from 1981 to 1986 and The New York Life Insurance Company as an analyst from 1979 to 1981.He has over 30 years of investment experience
    Tad Rivelle
    Start Date: 01/31/2006
    Rivelle, a generalist portfolio manager and MWAM's chief investment officer, who is responsible for developing the Metropolitan West Asset Management LLC's long-term economic outlook that guides strategies.
    Laird Landmann
    Start Date: 01/31/2006
    Laird Landmann is a generalist portfolio manager, whose role is to co-manage security selection and the trade execution process for Metropolitan West Asset Management LLC. He has 21 years of investment experience and has been with MWAM since founding it in 1996.
    Kenneth S. Leech
    Start Date: 01/31/2006
    Leech transitioned into a CIO Emeritus role in September 2008 and joined Western Asset as Chief Investment Officer in 1990. Prior to joining Western in 1990, he was a portfolio manager with Greenwich Capital Markets from 1988 to 1990; the First Boston Corporation from 1980 to 1988; and the National Bank of Detroit from 1977 to 1980.He has over 32 years of investment experience.
    Detlev Schlichter
    Start Date: 01/31/2009
    Schlichter has been employed by Western Asset Management Company Limited as a portfolio manager since December 2001. He is responsible for portfolio structure, including sector allocation, duration weighting and term structure decisions.Prior to that, he was the director of European Bond Team, Merrill Lynch Investment Managers, 1998-2001. He has over 18 years of investment experience.
    Stephen Kane
    Start Date: 01/31/2006
    STEPHEN KANE Generalist Portfolio Manager and Corporate Bond Specialist Prior to founding Metropolitan West Asset Management, he was a fixed income portfolio manager at Hotchkis and Wiley. Before that, he was VP & fixed income specialist at the Pacific Investment Management Company. Mr. Kane was responsible for managing client relationships on accounts totaling approximately $7 billion.
    Edward Moody
    Start Date: 02/05/2007
    Moody has served for Western Asset as portfolio managers for over ten years. He worked as a portfolio manager at the National Bank of Detroit. He is responsible for portfolio structure, including sector allocation, duration weighting and term structure decisions. Mr. Moody joined Western Asset as a portfolio manager in 1985.He has over 32 years of investment experience.
    Thomas M. O'Connor
    Start Date: 01/31/2008
    O'Connor joined Wells Capital Management in 2003 as a portfolio manager and is responsible for identifying value in mortgages. Prior to joining Wells Capital Management, he was a portfolio manager in the Fixed Income Division of Montgomery Asset Management from 2000 to 2003. O'Connor holds the Chartered Financial Analyst designation.
    Troy Ludgood
    Start Date: 01/31/2008
    Ludgood joined Wells Capital Management in 2004 as a senior credit trader and was promoted to director of credit training in 2006 and portfolio manager in 2007. Prior to joining Wells Capital Management, he was a trader at Lehman Brothers since 2000.
    Lynne Royer
    Start Date: 01/31/2008
    Royer currently serves as a senior portfolio manager of the Montgomery Fixed Income Strategies Team at Wells Capital Management. Prior to joining Wells Capital Management, she was a senior analyst in the Fixed Income Division of Montgomery Asset Management since 1996.
    Bill Stevens
    Start Date: 01/31/2008
    Stevens founded the fixed income team in 1992 at Montgomery Asset Management (Montgomery), which was acquired by Wells Fargo & Company in 2003, and began his investment career in 1984.