Fund Evaluator:

SEI Limited Duration Bond A (SIIT) Overview

SEI Limited Duration Bond A (SIIT) (SLDBX) is an actively managed Taxable Bond Short-Term Bond fund. SEI launched the fund in 2014.

The investment seeks preservation of capital and current income. Normally, the fund will invest at least 80% of its net assets in investment grade U.S. dollar-denominated debt instruments, which may include: (i) securities issued or guaranteed by the U.S. government and its agencies or instrumentalities; (ii) obligations of U.S. and foreign commercial banks; (iii) corporate obligations; (iv) asset-backed securities; (v) residential and commercial mortgage-backed securities, collateralized debt obligations and mortgage dollar rolls; and (vi) U.S. dollar-denominated instruments of foreign issuers.

About SEI Limited Duration Bond A (SIIT) (SLDBX)

There are 6 members of the management team with an average tenure of 7.37 years: Scott Pavlak (2014), Bryan Whalen (2016), Richard Bamford (2014), Anthony Karaminas (2021), Ruben Hovhannisyan (2023), Jerry Cudzil (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 ICE BofA 1-3Y US Trsy TR USD index with a weighting of 100%. SEI Limited Duration Bond A (SIIT) has 479 securities in its portfolio. The top 10 holdings constitute 38.6% 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 Limited Duration Bond A (SIIT) is part of the Fixed Income global asset class and is within the Taxable Bond fund group. SEI Limited Duration Bond A (SIIT) has 5.7% 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 97.2% (91.5% domestic bond, 5.7% foreign bond and 0.0% convertible bond). SEI Limited Duration Bond A (SIIT) has 2.8% of the portfolio in cash.

Assets Under Management

The fund has $1 billion in total assets, which is above the $904 million average for the Short-Term 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.

SLDBX 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 Limited Duration Bond A (SIIT) expense ratio is low compared to funds in the Short-Term Bond category. SEI Limited Duration Bond A (SIIT) has an expense ratio of 0.10%, which is 85% 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 Limited Duration Bond A (SIIT) has a portfolio turnover rate of 289%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 135% for the Short-Term Bond category.

Recently, in the month of July 2026, SEI Limited Duration Bond A (SIIT) returned 0.0%, which earned it a grade of B, as the Short-Term Bond category had an average return of -0.0%. 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 Limited Duration Bond A (SIIT) has a trailing yield of 4.25%, which is above the 4.16% 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 Limited Duration Bond A (SIIT) Grades

Year to date, the fund has returned 1.1%, 0.2 percentage points better than the category, which translates into a grade of B. The fund has returned 3.7% over the past year (grade of B), 5.0% over the past three years (grade of C) and 2.6% per year over the past five years (grade of B) and 2.4% per year over the past 10 years (grade of C).

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