SEI S&P 500 Index A (SIIT)

Frequently Asked Questions About SPINX

What does SPINX invest in?

The fund invests substantially all of its assets (at least 80%) in securities listed in the S&P 500 Index, which is composed of approximately 500 leading U.S. publicly traded companies from a broad range of industries (mostly common stocks). The fund's investment results are expected to correspond to the aggregate price and dividend performance of the S&P 500 Index (the index) before the fees and expenses of the fund.

What is the expense ratio of SPINX?

SEI S&P 500 Index A (SIIT) (SPINX) charges an expense ratio of 0.12%. This is the annual fee deducted from fund assets to cover management and operations.

What is SPINX's dividend yield?

SPINX's trailing-twelve-month yield is 11.00%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SPINX?

Effective duration measures SPINX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. SPINX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of SPINX?

SPINX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of SPINX?

Yield to maturity (YTM) is the total return you'd earn from SPINX if every bond in the portfolio is held to maturity at the current price. SPINX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.