About SWSAX
SIIT World Select Equity Fund Class A is a mutual fund that seeks capital appreciation through a diversified global equity portfolio. It invests at least 80% of its net assets in equity securities of U.S. and foreign companies across all capitalization ranges, including common stocks, preferred stocks, depositary receipts, equity index-based ETFs, and derivatives such as futures and forward contracts. The fund targets issuers in developed, emerging, and frontier markets, with an expectation to allocate at least 40% of assets to companies economically tied to at least three non-U.S. countries. Employing a multi-manager approach, it utilizes multiple sub-advisers with varied strategies to manage portfolio portions under the supervision of SEI Investments Management Corporation, while unallocated assets are handled directly by the adviser. Sub-advisers actively manage foreign currency exposure using options, futures, and forward contracts to potentially enhance returns or hedge risks. The fund maintains diversification across issuers, market caps, industries, and countries, aiming for an absolute return and risk profile akin to the global equity market.
Category World Large-Stock Value
Stock Exchange NASDAQ
Ticker Symbol SWSAX
Share Class - Class A
Index MSCI AC World NR USD
SWSAX had a total return of -14.03% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.27%.
