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SEI Ultra Short Duration Bond F (SDIT) Overview

SEI Ultra Short Duration Bond F (SDIT) (SECPX) is an actively managed Taxable Bond Ultrashort Bond fund. SEI launched the fund in 1993.

The investment seeks higher current income than that typically offered by a money market fund while maintaining a high degree of liquidity and a correspondingly higher risk of principal volatility. The fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in investment grade U.S. dollar-denominated debt instruments. The advisor will primarily use futures contracts for hedging purposes to manage the fund's exposure to interest rate risk.

About SEI Ultra Short Duration Bond F (SDIT) (SECPX)

There are 6 members of the management team with an average tenure of 7.06 years: Scott Pavlak (2012), Richard Bamford (2014), Anthony Karaminas (2022), Marc K. Piccuirro (2023), Juan Peruyero (2020), Philip Terrenzio (2022). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg 9-12Mon U.S. short Try TR USD index with a weighting of 100%. SEI Ultra Short Duration Bond F (SDIT) has 444 securities in its portfolio. The top 10 holdings constitute 18.8% 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 Ultra Short Duration Bond F (SDIT) is part of the Fixed Income global asset class and is within the Taxable Bond fund group. SEI Ultra Short Duration Bond F (SDIT) has 11.0% 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 86.2% (75.1% domestic bond, 11.0% foreign bond and 0.0% convertible bond). SEI Ultra Short Duration Bond F (SDIT) has 13.9% of the portfolio in cash.

Assets Under Management

The fund has $142 million in total assets, which is below the $950 million average for the Ultrashort 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.

SECPX 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 Ultra Short Duration Bond F (SDIT) expense ratio is above average compared to funds in the Ultrashort Bond category. SEI Ultra Short Duration Bond F (SDIT) has an expense ratio of 0.62%, which is 38% higher than its category average, making the fund expense ratio grade a F. 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 Ultra Short Duration Bond F (SDIT) has a portfolio turnover rate of 78%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 77% for the Ultrashort Bond category.

Recently, in the month of July 2026, SEI Ultra Short Duration Bond F (SDIT) returned 0.2%, which earned it a grade of F, as the Ultrashort Bond category had an average return of 0.3%. 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 Ultra Short Duration Bond F (SDIT) has a trailing yield of 4.00%, which is below the 4.21% 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 Ultra Short Duration Bond F (SDIT) Grades

Year to date, the fund has returned 1.6%, 0.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 3.7% over the past year (grade of F), 4.9% over the past three years (grade of D) and 3.3% per year over the past five years (grade of F) and 2.5% per year over the past 10 years (grade of D).

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