Fund Description

The fund typically invests at least 80% of its net assets in investment grade US dollar-denominated fixed income instruments, including US and foreign corporate obligations, sovereign or agency securities from developed and emerging markets, supranational entity obligations, and government-issued securities. It may also utilize various derivatives such as futures, options, and swaps primarily for hedging to manage interest rate duration and investment risks. The fund seeks to maintain an effective average duration between three and ten years, employing a multi-manager approach supervised by SEI Investments Management Corporation, and may frequently buy and sell securities to achieve its income and capital preservation objectives.