Fund Evaluator:
SEI US Equity Factor Allocation A (SIIT) (SEHAX)
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Best Performing in Large Blend Over the Last Year
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Fund Details
SEI US Equity Factor Allocation A (SIIT) Overview
SEI US Equity Factor Allocation A (SIIT) (SEHAX) is an actively managed U.S. Equity Large Blend fund. SEI launched the fund in 2018.
The investment seeks long-term growth of capital and income. Under normal market conditions, the fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity and equity-related securities, such as structured notes and convertible bonds, of U.S. companies of all capitalization ranges. It may also, to a lesser extent, invest in American Depositary Receipts (ADRs) and interests in real estate investments trusts (REITs). The fund's investment portfolio will be diversified and will not be concentrated in any particular industry or sector.
About SEI US Equity Factor Allocation A (SIIT) (SEHAX)
There are 1 members of the management team with an average tenure of 8.27 years: Eugene Barbaneagra (2018). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and S&P 500 (TR) (1970) index with a weighting of 100%. SEI US Equity Factor Allocation A (SIIT) has 434 securities in its portfolio. The top 10 holdings constitute 24.8% 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 US Equity Factor Allocation A (SIIT) is part of the Equity global asset class and is within the U.S. Equity fund group. SEI US Equity Factor Allocation A (SIIT) has 2.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.9%. There is 2.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). SEI US Equity Factor Allocation A (SIIT) has 0.9% of the portfolio in cash.
Assets Under Management
The fund has $4 billion in total assets, which is below the $6 billion average for the Large Blend 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.
SEHAX 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 US Equity Factor Allocation A (SIIT) expense ratio is low compared to funds in the Large Blend category. SEI US Equity Factor Allocation A (SIIT) has an expense ratio of 0.02%, which is 98% 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 US Equity Factor Allocation A (SIIT) has a portfolio turnover rate of 47%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.
Recently, in the month of July 2026, SEI US Equity Factor Allocation A (SIIT) returned 2.3%, which earned it a grade of A, as the Large Blend category had an average return of 0.4%. 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 US Equity Factor Allocation A (SIIT) has a trailing yield of 1.17%, which is above the 0.56% category average. The fund normally distributes its income quarterly.
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 US Equity Factor Allocation A (SIIT) Grades
Year to date, the fund has returned 13.8%, 4.5 percentage points better than the category, which translates into a grade of A. The fund has returned 24.0% over the past year (grade of A), 20.9% over the past three years (grade of A) and 13.4% per year over the past five years (grade of A).
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SEHAX 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 |
|
| SEHAX Return (NAV) | 2.3% | 7.3% | 24.0% | 20.9% | 13.4% | na |
| SEHAX Grade | A | A | A | A | A | na |
| +/- Category | 1.9% | 3.2% | 6.6% | 3.6% | 2.3% | na |
| Large Blend Avg | 0.4% | 4.1% | 17.5% | 17.3% | 11.1% | 13.7% |
| SEHAX Tax Cost Ratio | na | na | 1.6% | 1.5% | 2.8% | na |
SEHAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SEHAX Return (NAV) | 13.8% | 18.0% | 25.2% | 22.5% | -15.8% | 33.0% | 13.2% | 28.1% | na | na | na |
| SEHAX Grade | A | B | B | D | B | A | F | D | na | na | na |
| +/- Category | 4.5% | 2.2% | 3.1% | -1.2% | 1.5% | 6.4% | -4.4% | -1.7% | na | na | na |
| Large Blend Avg | 9.3% | 15.8% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 12.6% |
| Total Risk Index: | 1.03 - Average |
| Category Risk Index: | 0.95 - Below Average |
| Category Risk Grade: | B (23% Rank) |
| Beta: | 0.93 |
| R-Squared: | 93% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.2% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | |
| Total Assets: | $4097 Mil |
| Fund Total Assets: | $4,097 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 47% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 8.3 years | |||
| Average Tenure: 8.3 years | |||
| Managers (Year): Barbaneagra Eugene (2018) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 434 |
| % in Top 10 Holdings: | 24.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.2% |
Portfolio Allocation |
|
| Domestic Stock: | 96.9% |
| Foreign Stock: | 2.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.9% |
Purchase Information
| Fund Family: | SEI |
| Phone Number: | 800-342-5734 |
| Website: | www.seic.com |
| Status: | Open |
| Inception Date: | April 26, 2018 |
| 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 (%): | 0.02% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | SEI US Equity Factor Allocation A (SIIT) |
| Min. Subsequent Purchase: | $1,000 |
| Min. Subsequent IRA Purchase: | $ 0 |
