SEI Daily Income Ultra Short Duration Bond Fund (SECPX)
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.
Fund Info
ISIN | US7839658660 |
---|---|
CUSIP | 783965866 |
Issuer | SEI |
Inception Date | Sep 28, 1993 |
Category | Ultrashort Bond |
Min. Investment | $0 |
Asset Class | Bond |
Expense Ratio
SECPX has a high expense ratio of 0.38%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in SEI Daily Income Ultra Short Duration Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
SEI Daily Income Ultra Short Duration Bond Fund had a return of 1.65% year-to-date (YTD) and 5.73% in the last 12 months. Over the past 10 years, SEI Daily Income Ultra Short Duration Bond Fund had an annualized return of 1.67%, while the S&P 500 had an annualized return of 10.99%, indicating that SEI Daily Income Ultra Short Duration Bond Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 1.65% | 11.18% |
1 month | 0.60% | 5.60% |
6 months | 3.12% | 17.48% |
1 year | 5.73% | 26.33% |
5 years (annualized) | 2.03% | 13.16% |
10 years (annualized) | 1.67% | 10.99% |
Monthly Returns
The table below presents the monthly returns of SECPX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.49% | 0.26% | 0.50% | 0.17% | 1.65% | ||||||||
2023 | 0.79% | 0.02% | 0.40% | 0.52% | 0.21% | 0.32% | 0.56% | 0.47% | 0.36% | 0.37% | 0.82% | 0.83% | 5.83% |
2022 | -0.17% | -0.28% | -0.59% | -0.15% | -0.02% | -0.45% | 0.23% | 0.03% | -0.29% | -0.15% | 0.42% | 0.56% | -0.86% |
2021 | 0.07% | 0.06% | -0.04% | 0.06% | 0.06% | -0.06% | 0.06% | 0.05% | 0.05% | -0.17% | -0.06% | -0.06% | 0.01% |
2020 | 0.29% | 0.38% | -2.28% | 1.47% | 0.68% | 0.55% | 0.33% | 0.10% | 0.10% | 0.09% | 0.08% | 0.08% | 1.84% |
2019 | 0.44% | 0.21% | 0.44% | 0.22% | 0.33% | 0.32% | 0.22% | 0.21% | 0.20% | 0.20% | 0.18% | 0.19% | 3.21% |
2018 | 0.03% | 0.14% | 0.05% | 0.17% | 0.18% | 0.18% | 0.19% | 0.20% | 0.19% | 0.09% | 0.09% | 0.21% | 1.73% |
2017 | 0.11% | 0.20% | 0.33% | 0.12% | 0.12% | 0.12% | 0.24% | 0.13% | 0.13% | 0.02% | 0.13% | 0.03% | 1.69% |
2016 | 0.19% | -0.02% | 0.30% | 0.19% | 0.09% | 0.19% | 0.09% | 0.10% | 0.10% | 0.07% | -0.01% | 0.10% | 1.39% |
2015 | 0.17% | 0.06% | 0.08% | 0.06% | 0.08% | -0.03% | -0.00% | -0.03% | -0.03% | 0.08% | -0.03% | -0.03% | 0.36% |
2014 | 0.06% | 0.16% | -0.04% | 0.18% | 0.18% | -0.03% | -0.03% | 0.18% | -0.03% | -0.03% | 0.00% | -0.14% | 0.46% |
2013 | 0.19% | 0.07% | 0.07% | 0.07% | -0.03% | -0.35% | 0.18% | -0.04% | 0.28% | 0.06% | 0.17% | 0.06% | 0.75% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of SECPX is 98, placing it in the top 2% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
SECPX (SEI Daily Income Ultra Short Duration Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for SEI Daily Income Ultra Short Duration Bond Fund (SECPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
SEI Daily Income Ultra Short Duration Bond Fund granted a 4.35% dividend yield in the last twelve months. The annual payout for that period amounted to $0.40 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.40 | $0.36 | $0.13 | $0.06 | $0.14 | $0.24 | $0.20 | $0.14 | $0.10 | $0.07 | $0.07 | $0.08 |
Dividend yield | 4.35% | 3.88% | 1.42% | 0.65% | 1.49% | 2.51% | 2.15% | 1.46% | 1.05% | 0.80% | 0.78% | 0.86% |
Monthly Dividends
The table displays the monthly dividend distributions for SEI Daily Income Ultra Short Duration Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.04 | $0.03 | $0.04 | $0.04 | $0.00 | $0.14 | |||||||
2023 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.36 |
2022 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.13 |
2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 |
2020 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
2018 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.07 |
2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.07 |
2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.08 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the SEI Daily Income Ultra Short Duration Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SEI Daily Income Ultra Short Duration Bond Fund was 11.64%, occurring on Mar 13, 2009. Recovery took 206 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-11.64% | Nov 14, 2007 | 333 | Mar 13, 2009 | 206 | Jan 6, 2010 | 539 |
-4.47% | Mar 9, 2020 | 13 | Mar 25, 2020 | 67 | Jun 30, 2020 | 80 |
-4.17% | Jan 14, 1994 | 1 | Jan 14, 1994 | 1 | Jan 17, 1994 | 2 |
-3.49% | Sep 4, 1997 | 1 | Sep 4, 1997 | 18 | Sep 30, 1997 | 19 |
-3.13% | May 9, 1994 | 1 | May 9, 1994 | 1 | May 10, 1994 | 2 |
Volatility
Volatility Chart
The current SEI Daily Income Ultra Short Duration Bond Fund volatility is 0.48%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.