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SEI International Fixed Income F (SIT) Overview

SEI International Fixed Income F (SIT) (SEFIX) is an actively managed Taxable Bond Global Bond-USD Hedged fund. SEI launched the fund in 1993.

The investment seeks capital appreciation and current income. 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 primarily in investment grade foreign government and corporate fixed income securities, as well as foreign mortgage-backed and/or asset-backed fixed income securities, of issuers located in at least three countries other than the U.S. The manager expects that at least 40% of the fund's assets will be invested in non-U.S. securities. The fund is non-diversified.

About SEI International Fixed Income F (SIT) (SEFIX)

There are 9 members of the management team with an average tenure of 4.28 years: Kaspar Hense (2024), Anthony Karaminas (2021), James Mashiter (2016), Ben Alexander (2026), Gopi Karunakaran (2026), Cameron Shaw (2026), Ian Sims (2017), Keith Lloyd (2017), Mark Dowding (2024). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Bloomberg Global Aggregate TR USD index with a weighting of 100% and Bloomberg Gbl Agg Ex USD TR Hdg USD index with a weighting of 100%. SEI International Fixed Income F (SIT) has 432 securities in its portfolio. The top 10 holdings constitute 41.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

SEI International Fixed Income F (SIT) is part of the Fixed Income global asset class and is within the Taxable Bond fund group. SEI International Fixed Income F (SIT) has 92.9% 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 97.0% (4.0% domestic bond, 92.9% foreign bond and 0.0% convertible bond). SEI International Fixed Income F (SIT) has 9.5% of the portfolio in cash.

Assets Under Management

The fund has $358 million in total assets, which is below the $2 billion average for the Global Bond-USD Hedged 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.

SEFIX 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 International Fixed Income F (SIT) expense ratio is high compared to funds in the Global Bond-USD Hedged category. SEI International Fixed Income F (SIT) has an expense ratio of 0.96%, which is 32% higher than its category average, making the fund expense ratio grade a D. 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 International Fixed Income F (SIT) has a portfolio turnover rate of 87%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 195% for the Global Bond-USD Hedged category.

Recently, in the month of July 2026, SEI International Fixed Income F (SIT) returned -0.7%, which earned it a grade of A, as the Global Bond-USD Hedged category had an average return of -1.1%. 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 International Fixed Income F (SIT) has a trailing yield of 2.79%, which is below the 3.99% category average. The fund normally distributes its income annually 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 International Fixed Income F (SIT) Grades

Year to date, the fund has returned -0.3%, 0.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 0.6% over the past year (grade of F), 3.0% over the past three years (grade of F) and 0.1% per year over the past five years (grade of D) and 1.1% per year over the past 10 years (grade of F).

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