Fund Evaluator:
SEI Core Fixed Income A (SIIT) (SCOAX)
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Fund Details
SEI Core Fixed Income A (SIIT) Overview
SEI Core Fixed Income A (SIIT) (SCOAX) is an actively managed Taxable Bond Intermediate Core Bond fund. SEI launched the fund in 1996.
The investment seeks current income consistent with the preservation of capital. 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. It will invest in investment and non-investment grade (junk bond) U.S. and foreign corporate and government fixed income securities, including emerging market, asset-backed securities, mortgage dollar rolls and mortgage-backed securities.
About SEI Core Fixed Income A (SIIT) (SCOAX)
There are 17 members of the management team with an average tenure of 7.16 years: Bryan Whalen (2004), Eric Staudt (2011), Jarad Vasquez (2017), Maulik Bhansali (2017), Richard Bamford (2014), Joshua Lofgren (2023), David Morse (2020), Anthony Karaminas (2021), Samuel Kaplan (2016), James Gaul (2016), Dmitri Rabin (2019), Ruben Hovhannisyan (2023), Natalia Glekel (2022), Nilay Shah (2021), Jerry Cudzil (2023), Griffin Sullivan (2024), Adriano Taylor-Escribano (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. SEI Core Fixed Income A (SIIT) has 3106 securities in its portfolio. The top 10 holdings constitute 28.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
SEI Core Fixed Income A (SIIT) is part of the Fixed Income global asset class and is within the Taxable Bond fund group. SEI Core Fixed Income A (SIIT) has 4.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 95.7% (91.5% domestic bond, 4.2% foreign bond and 0.0% convertible bond). SEI Core Fixed Income A (SIIT) has 4.3% of the portfolio in cash.
Assets Under Management
The fund has $10 billion in total assets, which is above the $3 billion average for the Intermediate Core Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SCOAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The SEI Core Fixed Income A (SIIT) expense ratio is low compared to funds in the Intermediate Core Bond category. SEI Core Fixed Income A (SIIT) has an expense ratio of 0.12%, which is 79% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. SEI Core Fixed Income A (SIIT) has a portfolio turnover rate of 373%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 151% for the Intermediate Core Bond category.
Recently, in the month of July 2026, SEI Core Fixed Income A (SIIT) returned -1.3%, which earned it a grade of C, as the Intermediate Core Bond category had an average return of -1.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
SEI Core Fixed Income A (SIIT) has a trailing yield of 4.33%, which is above the 4.04% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
SEI Core Fixed Income A (SIIT) Grades
Year to date, the fund has returned -0.7%, 0.1 percentage points better than the category, which translates into a grade of C. The fund has returned 2.8% over the past year (grade of B), 3.9% over the past three years (grade of B) and -0.4% per year over the past five years (grade of B) and 1.8% per year over the past 10 years (grade of A).
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SCOAX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SCOAX Return (NAV) | -1.3% | -0.8% | 2.8% | 3.9% | -0.4% | 1.8% |
| SCOAX Grade | C | C | B | B | B | A |
| +/- Category | 0.0% | -0.0% | 0.3% | 0.2% | 0.1% | 0.4% |
| Intermediate Core Bond Avg | -1.3% | -0.8% | 2.5% | 3.7% | -0.5% | 1.4% |
| SCOAX Tax Cost Ratio | na | na | 1.7% | 1.7% | 1.5% | 1.5% |
SCOAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SCOAX Return (NAV) | -0.7% | 7.5% | 1.5% | 6.5% | -14.1% | -1.4% | 9.5% | 9.6% | 0.1% | 4.2% | 3.4% |
| SCOAX Grade | C | A | C | A | D | C | A | A | A | A | A |
| +/- Category | 0.1% | 0.5% | -0.1% | 0.9% | -1.0% | 0.1% | 1.4% | 1.1% | 0.5% | 0.6% | 0.6% |
| Intermediate Core Bond Avg | -0.7% | 7.0% | 1.6% | 5.6% | -13.2% | -1.5% | 8.1% | 8.5% | -0.4% | 3.6% | 2.8% |
| Risk Measures | |
| Standard Deviation: | 6.0% |
| Total Risk Index: | 0.49 - Below Average |
| Category Risk Index: | 1.08 - High |
| Category Risk Grade: | F (93% Rank) |
| Beta: | 1.07 |
| R-Squared: | 100% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 4.3% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $10136 Mil |
| Fund Total Assets: | $10,136 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 373% |
Management Team
| Number of Managers: 17 | |||
| Longest Tenure: 21.6 years | |||
| Average Tenure: 7.2 years | |||
| Managers (Year): Whalen Bryan (2004), Staudt Eric (2011), Bamford Richard (2014), Kaplan Samuel (2016), Gaul James (2016), Vasquez Jarad (2017), Bhansali Maulik (2017), Rabin Dmitri (2019), Morse David (2020), Karaminas Anthony (2021), Shah Nilay (2021), Glekel Natalia (2022), Cudzil Jerry (2023), Hovhannisyan Ruben (2023), Lofgren Joshua (2023), Sullivan Griffin (2024), Taylor-Escribano Adriano (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 3106 |
| % in Top 10 Holdings: | 28.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 4.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 91.5% |
| Foreign Bond: | 4.2% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 4.3% |
Purchase Information
| Fund Family: | SEI |
| Phone Number: | 800-342-5734 |
| Website: | www.seic.com |
| Status: | Open |
| Inception Date: | June 14, 1996 |
| Min. Initial Purchase: | $100,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.12% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 0.57% |
| Share Class: | SEI Core Fixed Income A (SIIT) |
| Min. Subsequent Purchase: | $1,000 |
| Min. Subsequent IRA Purchase: | $ 0 |
