SEIV
SEI Enhanced U.S. Large Cap Value Factor ETF
SEIV actively selects US large-cap stocks that are perceived to be at a discount relative to their fair valuation.
US
EQUITY
Active
MANAGEMENT STYLE
15 bp
EXPENSES
$471.5 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | SEI Investments |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 18, 2022 |
| Assets (mns) | $471 |
| Expense ratio | 15 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MICROSOFT CORP | 4.1 % |
| APPLE INC | 4.0 % |
| MCKESSON CORP | 3.3 % |
| QUALCOMM INC | 3.0 % |
| PULTE HOMES INC | 2.9 % |
| ALPHABET INC. CLASS C | 2.6 % |
| ALPHABET INC. CLASS A | 2.4 % |
| NETAPP INC | 2.3 % |
| HP INC. | 2.3 % |
| VERIZON COMMUNICATIONS INC | 2.2 % |
Constituent Breakdown
| Number of holdings | 120 |
| Herfindahl-Hirschman Index | 165 |
| Wgt avg mkt cap (mns) | $474,391 |
| Large cap (>$10bn) | 84.1% |
| Mid cap ($2-10bn) | 15.2% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
UNITED STATES | 97.0 % |
 |
BRITAIN | 1.4 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 5.1% | 14.6% | -- | -- | -- | -- | 15.0% | Volatility | 10.7% | 11.6% | 17.0% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.02 | 93% |
| MSCI EAFE | 0.92 | 79% |
| MSCI Emg Mkts | 0.62 | 41% |
Liquidity Measures
| Avg. volume (000) | 20 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.17% |
| ADV of underlying (mns) | $146,297 |
Technical Indicators
| Recent close | $31.38 |
| 30d moving avg. | $31.39 |
| Annualized volatility | 18.8% |
| Relative strength (RSI) | 59 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SEIV |
Expenses vs. SEIV |
ALTAR Score™ vs. SEIV |
|---|---|---|---|---|
| FVAL | Fidelity Value Factor ETF | 31.5% | 0 bp | -2.5% |
| VALQ | American Century U.S. Quality Value ETF | 31.4% | +14 bp | -2.4% |
| AFLG | First Trust Active Factor Large Cap ETF | 30.9% | +40 bp | -3.6% |
| SELV | SEI Enhanced Low Volatility U.S. Large Cap ETF | 30.9% | 0 bp | -3.2% |
| COWZ | Pacer US Cash Cows 100 ETF | 30.3% | +34 bp | +1.5% |
| JVAL | JPMorgan U.S. Value Factor ETF | 30.1% | -3 bp | -1.6% |
| QLC | FlexShares US Quality Large Cap Index Fund | 30.1% | +10 bp | -4.3% |
| VLUE | iShares MSCI USA Value Factor ETF | 29.8% | 0 bp | +0.7% |
| IUS | Invesco RAFI Strategic US ETF | 29.8% | +4 bp | -2.7% |
| ITAN | Sparkline Intangible Value ETF | 29.5% | +35 bp | -3.3% |
Risk and Returns: SEIV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/25/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
SEIV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
SEIV
9.9%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 9.9% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. SEIV's ALTAR Score™ is approximately
1.7 standard deviations
above
the category average. This places SEIV in the 96th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
SEIV
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| SEIV (15 bp) Percentile rank | 8 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SEIV | 15.0 | 16.7 | 31.7 |
| Peer Avg. | 53.9 | 22.2 | 76.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .