Continue to site >
Trending ETFs

SAAT CORE MARKET STRATEGY ALLOCATION FUND

mutual fund
SKTAX
Payout Change
Pending
Price as of:
$20.89 -0.02 -0.1%
primary theme
U.S. Growth Allocation
share class
SKTAX (Mutual Fund)

SAAT CORE MARKET STRATEGY ALLOCATION FUND

Payout Change
Pending
Price as of:
$20.89 -0.02 -0.1%
primary theme
U.S. Growth Allocation
share class
SKTAX (Mutual Fund)

SAAT CORE MARKET STRATEGY ALLOCATION FUND

Payout Change
Pending
Price as of:
$20.89 -0.02 -0.1%
primary theme
U.S. Growth Allocation
share class

Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$20.89

$20.8 M

1.28%

$0.27

1.35%

Vitals

YTD Return

7.5%

1 yr return

16.9%

3 Yr Avg Return

4.2%

5 Yr Avg Return

9.0%

Net Assets

$20.8 M

Holdings in Top 10

100.0%

52 WEEK LOW AND HIGH

$20.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.35%

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 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$20.89

$20.8 M

1.28%

$0.27

1.35%

SKTAX - Profile

Distributions

  • YTD Total Return 7.5%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 9.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.24%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    SAAT CORE MARKET STRATEGY ALLOCATION FUND
  • Fund Family Name
    SEI Funds
  • Inception Date
    Nov 17, 2003
  • Shares Outstanding
    1149518
  • Share Class
    F
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Smigiel

Fund Description

GoalLink Strategy Component

The Fund is designed to be one component of a broader strategy (GoalLink Strategy) employed by SEI Investments Management Corporation (SIMC or the Adviser), in which shareholders allocate their overall investment portfolio among investments in the Fund as well as one or more SEI funds that invest primarily in municipal bonds (Muni Bond Funds). The allocation between the Fund and the Muni Bond Funds is based on models developed by SIMC and selected by the shareholder (in consultation with his or her investment adviser). Accordingly, the Fund is not recommended for persons who do not participate in the GoalLink Strategy.

Investment Strategy

Under normal circumstances, the Fund will seek to provide the opportunity for capital appreciation with some opportunity to generate income. The Fund invests in other SEI funds (which may include exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds), that form the non-Underlying Muni Bond Fund component of the GoalLink Strategy. The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SIMC, or, in certain circumstances, is managed directly by SIMC.

The Fund's assets may be diversified across Underlying SEI equity funds, bond and money market funds, and real estate funds. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The real estate funds provide exposure to the equity securities of real estate companies.

The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:

Underlying SEI Fund Type

Investment Range(Percentage of the Fund's Assets)

U.S. Equity Funds

 

20-100

%

Investment Grade Bond & Money Market Funds

 

0-75

%

Non-Investment Grade Bond Funds

 

0-60

%

International Equity Funds

 

0-60

%

Real Estate Funds

 

0-40

%

Read More

SKTAX - Performance

Return Ranking - Trailing

Period SKTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.5% 1.1% 13.4% 75.14%
1 Yr 16.9% 5.7% 26.4% 74.59%
3 Yr 4.2%* -9.6% 6.6% 30.77%
5 Yr 9.0%* 0.5% 12.1% 61.25%
10 Yr 7.5%* 0.0% 12.8% 59.02%

* Annualized

Return Ranking - Calendar

Period SKTAX Return Category Return Low Category Return High Rank in Category (%)
2023 8.8% -6.6% 33.6% 92.97%
2022 -22.7% -44.4% -9.8% 43.17%
2021 11.3% -24.1% 18.9% 45.09%
2020 4.9% -10.9% 60.4% 84.85%
2019 18.6% 5.9% 36.4% 52.23%

Total Return Ranking - Trailing

Period SKTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.5% 1.1% 13.4% 75.14%
1 Yr 16.9% 5.7% 26.4% 74.59%
3 Yr 4.2%* -9.6% 6.6% 30.77%
5 Yr 9.0%* 0.5% 12.1% 61.25%
10 Yr 7.5%* 0.0% 12.8% 59.02%

* Annualized

Total Return Ranking - Calendar

Period SKTAX Return Category Return Low Category Return High Rank in Category (%)
2023 16.2% 1.4% 34.9% 77.30%
2022 -14.3% -43.2% -3.8% 13.11%
2021 19.4% -24.1% 26.7% 22.54%
2020 11.2% -5.3% 62.8% 87.88%
2019 24.4% 12.4% 52.6% 77.07%

NAV & Total Return History


SKTAX - Holdings

Concentration Analysis

SKTAX Category Low Category High SKTAX % Rank
Net Assets 20.8 M 9.96 M 126 B 99.46%
Number of Holdings 6 5 8405 97.84%
Net Assets in Top 10 21.3 M 7.47 M 23.8 B 95.68%
Weighting of Top 10 99.97% 18.9% 100.1% 17.84%

Top 10 Holdings

  1. SEI TAX-MANAGED LARGE CAP-Y MUTUAL FUND 56.35%
  2. SEI INTERNATIONAL EQUITY-Y MUTUAL FUND 15.88%
  3. SEI TAX MGD SM MID CAP-Y MUTUAL FUND 14.10%
  4. SEI HIGH YIELD BOND-Y MUTUAL FUND 7.78%
  5. SEI INST INST EMG MKT DEBT-Y MUTUAL FUND 3.91%
  6. SEI EMERGING MARKETS EQ-Y MUTUAL FUND 1.94%

Asset Allocation

Weighting Return Low Return High SKTAX % Rank
Stocks
92.18% 0.00% 100.25% 74.05%
Cash
7.82% 0.00% 31.61% 7.03%
Convertible Bonds
0.10% 0.00% 3.88% 40.00%
Preferred Stocks
0.00% 0.00% 10.77% 96.22%
Other
0.00% -29.83% 9.38% 95.14%
Bonds
0.00% 0.00% 142.66% 96.76%

Stock Sector Breakdown

Weighting Return Low Return High SKTAX % Rank
Financial Services
17.85% 9.56% 42.24% 10.87%
Technology
16.67% 1.75% 32.38% 77.17%
Healthcare
14.97% 2.06% 19.02% 15.22%
Industrials
11.23% 1.80% 14.87% 36.41%
Consumer Cyclical
9.89% 1.15% 24.72% 79.89%
Consumer Defense
8.55% 0.47% 14.80% 9.78%
Basic Materials
5.93% 0.00% 8.62% 9.78%
Communication Services
5.20% 1.90% 13.69% 94.02%
Energy
4.95% 0.00% 31.98% 36.41%
Real Estate
2.55% 0.00% 28.04% 67.39%
Utilities
2.20% 0.00% 15.29% 65.76%

Stock Geographic Breakdown

Weighting Return Low Return High SKTAX % Rank
US
92.18% 0.00% 100.25% 69.73%
Non US
0.00% 0.00% 32.10% 96.76%

SKTAX - Expenses

Operational Fees

SKTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.35% 0.23% 3.92% 32.43%
Management Fee 0.10% 0.00% 1.30% 48.11%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.28% 81.58%

Sales Fees

SKTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

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

SKTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.18% 300.02% 31.01%

SKTAX - Distributions

Dividend Yield Analysis

SKTAX Category Low Category High SKTAX % Rank
Dividend Yield 1.28% 0.00% 8.81% 2.70%

Dividend Distribution Analysis

SKTAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

SKTAX Category Low Category High SKTAX % Rank
Net Income Ratio 1.24% -0.65% 5.31% 17.58%

Capital Gain Distribution Analysis

SKTAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

View More +

SKTAX - Fund Manager Analysis

Managers

James Smigiel


Start Date

Tenure

Tenure Rank

Mar 27, 2012

10.18

10.2%

Jim Smigiel is Chief Investment Officer of Non-Traditional Strategies. He oversees alternative, hedge fund, property and multi-asset strategies. Previously, he oversaw SEI’s Portfolio Strategies Group and the Global Fixed Income team. Prior to joining SEI, Smigiel served as Portfolio Manager and Senior Investment Officer at PNC Advisors/BlackRock Financial Management, where he managed institutional fixed-income portfolios. Smigiel holds a Bachelor of Science degree in Economics from Drexel University.

Ryan Schneck


Start Date

Tenure

Tenure Rank

Mar 27, 2012

10.18

10.2%

Ryan Schneck has served as Portfolio Manager for SEI Investments Management Corporation since 2006. Prior to joining SIMC, Mr. Schneck was part of the global fixed-income research team at Standard & Poor's responsible for credit and default research.

Bryan Hoffman


Start Date

Tenure

Tenure Rank

Jul 31, 2016

5.84

5.8%

Bryan Hoffman is SEI’s head of Strategic Asset Allocation, the team within the Portfolio Strategies Group responsible for constructing long-term policy portfolios that span the risk/return spectrum for both institutional and retail clients across the globe. He also conducts asset-class and strategy research, participates in SEI’s active asset-allocation program, and authors white papers. Prior to his current role, Bryan led SEI’s process for creating and maintaining capital-market assumptions and asset-class simulations. Bryan earned his Bachelor of Business Administration from the University of Notre Dame, with majors in finance and economics as well as a supplementary major in philosophy. He is also a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.19 26.6 6.51 2.41