- What does SPIIX invest in?
- This fund's primary objective is to replicate the comprehensive stock price appreciation and dividend income generated by the companies included in the S&P 500 Index. To achieve this, it allocates a substantial portion of its capital, specifically at least 80%, to the constituent securities of the S&P 500 Index. This benchmark is made up of approximately 500 leading publicly traded U.S. corporations, predominantly common stocks, representing a diverse array of industries. The fund management expects its investment performance to closely match the S&P 500 Index's overall price and dividend returns, before considering the fund's own operating fees and expenses. Moreover, the fund generally allocates holdings to individual stocks with weights that are proportional to their representation within the S&P 500 Index.
- What is the expense ratio of SPIIX?
- SEI Index Fd, S&P 500 Index Fund Class I (SPIIX) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is SPIIX?
- SEI Index Fd, S&P 500 Index Fund Class I (SPIIX) manages $1.11B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is SPIIX actively managed or an index fund?
- SPIIX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (SPIIX's is 0.79%) because there's no security selection cost.
- When was SPIIX launched?
- SEI Index Fd, S&P 500 Index Fund Class I (SPIIX) launched in June 2002 and is managed by the fund issuer.
- How has SPIIX performed?
- SPIIX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
