Core Fixed Income Fund Class Y
SCFYX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- BOSTON MA 02109 Boston MA United States of America 02109
- IPO Date
- Jun 30, 2015
- CIK
- 0000804239
- Similar Companies
- Business
- SEI Institutional Managed Trust (SIMT) Core Fixed Income Fund Class Y (SCFYX) is an open-end mutual fund that seeks current income consistent with the preservation of capital by investing primarily in a diversified portfolio of fixed income securities. The Fund, part of SEI Institutional Managed Trust, employs a multi-manager approach under the supervision of SEI Investments Management Corporation (SIMC), its investment adviser, allocating assets among specialized sub-advisers including Allspring Global Investments, LLC; Jennison Associates LLC; MetLife Investment Management, LLC; and Metropolitan West Asset Management, LLC, each managing portions based on expertise in yield trends, credit analysis, and market factors. Core holdings encompass U.S. corporate and government bonds, agency mortgage-backed securities, asset-backed securities, mortgage dollar rolls, bank loans, and securities issued or guaranteed by the U.S. Government and its agencies; the portfolio maintains a dollar-weighted average duration generally aligned with the Bloomberg U.S. Aggregate Bond Index (approximately 6 years), with primarily investment-grade ratings (AAA to BBB-) but flexibility for non-investment grade (high-yield/junk bonds), non-U.S. bonds, foreign currency-denominated debt, and derivatives such as futures, options, swaps, and credit default swaps for hedging, duration management, yield curve positioning, and risk mitigation. The Fund, with total net assets of approximately $3.45 billion and a net expense ratio of 0.49%, targets institutional investors with a minimum initial investment of $100,000, offering daily pricing and liquidity through authorized financial intermediaries. SIMT operates within the intermediate core bond category, focusing on U.S. fixed income markets (92.99% U.S. bonds) while permitting up to 7% non-U.S. exposure; top sectors include agency mortgage-backed (31.34%), government-related (26.81%), corporate bonds (18.02%), and asset-backed securities (7.25%), with key positions in Treasury futures, notes, and SEI Government Institutional funds. SEI Investments Management Corporation, headquartered in Oaks, Pennsylvania as part of SEI Investments Company (founded 1968), oversees the strategy alongside portfolio managers such as Richard A. Bamford (since 2014), Anthony Karaminas (since 2021), and sub-adviser leads including Maulik Bhansali and Jarad Vasquez at Allspring, James Gaul and Miriam Zussman at Jennison, and Bryan Whalen at Metropolitan West. Recent developments include portfolio management enhancements across SIMT funds, such as additions of Cory Furlong, Ryan McKeon, and updates to sub-adviser allocations in related equity strategies (e.g., Leeward Investments for Small Cap Value, Polen Capital for Small Cap Growth) as of May 2024, alongside eligibility refinements for Class Y shares via the SEI Wealth Platform in April 2024 to better serve independent investment advisers. The Fund's prospectus was amended through September 13, 2024, reflecting ongoing oversight of high portfolio turnover (340%) and active trading to capture opportunities in evolving fixed income markets. No major acquisitions, funding rounds, or strategic shifts specific to SCFYX were reported in the last 1-2 years, maintaining focus on core bond strategies amid interest rate volatility.