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SEI Intermediate Duration Credit A(SIIT) Overview

SEI Intermediate Duration Credit A(SIIT) (SIDCX) is an actively managed Taxable Bond Corporate Bond fund. SEI launched the fund in 2015.

The investment seeks current income consistent with the preservation of capital. The fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in investment grade U.S. dollar-denominated fixed income instruments. It uses a multi-manager approach under the general supervision of SEI Investments Management Corporation (SIMC or the Adviser), allocating its assets among one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) using different investment strategies designed to provide current income consistent with the preservation of capital.

About SEI Intermediate Duration Credit A(SIIT) (SIDCX)

There are 12 members of the management team with an average tenure of 5.90 years: Timothy Bacik (2015), Jake Remley (2019), Mike Sheldon (2025), Richard Bamford (2015), Joshua Lofgren (2023), Anthony Karaminas (2021), Jordan Bond (2017), Patrick Dan (2017), Felipe Telles (2024), Jim Gubitosi (2017), Jason Shoup (2023), Magdalena Szudy (2023). 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 US Credit A+ TR USD index with a weighting of 100%. SEI Intermediate Duration Credit A(SIIT) has 997 securities in its portfolio. The top 10 holdings constitute 10.7% 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 Intermediate Duration Credit A(SIIT) is part of the Fixed Income global asset class and is within the Taxable Bond fund group. SEI Intermediate Duration Credit A(SIIT) has 14.2% 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 98.5% (84.3% domestic bond, 14.2% foreign bond and 0.0% convertible bond). SEI Intermediate Duration Credit A(SIIT) has 1.5% of the portfolio in cash.

Assets Under Management

The fund has $3 billion in total assets, which is above the $723 million average for the Corporate 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.

SIDCX 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 Intermediate Duration Credit A(SIIT) expense ratio is low compared to funds in the Corporate Bond category. SEI Intermediate Duration Credit A(SIIT) has an expense ratio of 0.14%, which is 81% 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 Intermediate Duration Credit A(SIIT) has a portfolio turnover rate of 130%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 117% for the Corporate Bond category.

Recently, in the month of July 2026, SEI Intermediate Duration Credit A(SIIT) returned -1.6%, which earned it a grade of C, as the Corporate Bond category had an average return of -1.6%. 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 Intermediate Duration Credit A(SIIT) has a trailing yield of 4.80%, which is above the 4.39% category average. The fund normally distributes its income monthly.

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 Intermediate Duration Credit A(SIIT) Grades

Year to date, the fund has returned -0.8%, 0.1 percentage points better than the category, which translates into a grade of C. The fund has returned 2.3% over the past year (grade of C), 4.3% over the past three years (grade of D) and -0.3% per year over the past five years (grade of C) and 2.1% per year over the past 10 years (grade of D).

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