SFT International Bond Fund
Data updated: 2023-11-21
C000072683 — SFT International Bond Fund. Bond · $73.88M AUM · 1.03% expense ratio · -0.2% 1-yr return. Holdings, fees, performance and SEC filings.
C000072683 Fund Overview
SFT International Bond Fund is a US mutual fund managed by Securian Funds Trust, categorised as Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Securian Funds Trust
- Category: Bond
- Assets under management: $73.88M
- 1-year return: -0.2%
- SEC CIK: 0000766351
- SEC series ID: S000024508
- Share class ID: C000072683
C000072683 Investment Objective and Strategy
SFT International Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Securian Funds Trust.
Investment objective
The Fund seeks to maximize current income, consistent with the protection of principal.
Principal investment strategy
Under normal market conditions, the Fund invests at least 80% of its net assets in bonds. Bonds include debt securities of any maturity, such as bonds, notes, bills and debentures. The Fund invests predominantly in bonds issued by governments, government related entities and government agencies located around the world. The Fund may also invest in inflation-indexed securities and securities or structured products that are linked to or derive their value from another security, asset or currency of any nation. The Fund invests significant assets in issuers located in at least three countries (including the U.S.). The Fund may invest without limit in developing markets (i.e., countries that lack established legal, political, business and social frameworks). Although the Fund may buy bonds rated in any category, it focuses on investment grade bonds.
These are issues rated in the top four rating categories by at least one independent rating agency, such as Standard & Poors (S&P ) or Moodys Investors Service (Moodys) or, if unrated, determined by the Funds investment manager or sub-adviser to be of comparable quality. The Fund may invest up to 25% of its total assets in bonds that are rated below investment grade (these instruments are sometimes called junk). Generally, lower rated securities pay higher yields than more highly rated securities to compensate investors for the higher risk. The Fund is a non-diversified fund, which means it generally invests a greater portion of its assets in the securities of one or more issuers and invests overall in a smaller number of issuers than a diversified fund. For purposes of pursuing its investment objective, the Fund regularly uses various currency related transactions involving derivative instruments, principally currency and cross currency forwards, but may also use currency and currency index futures contracts.
The Fund maintains significant positions in currency related derivative instruments as a hedging technique or to implement a currency investment strategy, which could expose a large amount of the Funds assets to obligations under these instruments. The result of such transactions may represent, from time to time, a large component of the Funds investment returns. The Fund may also enter into various other transactions involving derivatives, including financial futures contracts (such as interest rate or bond futures), swap agreements (which may include interest rate and credit default swaps); options on interest rate or bond futures, and options on interest rate swaps. These derivative instruments may be used for hedging purposes, to enhance returns, or to obtain net long or net negative (short) exposure to selected currencies, interest rates, countries or durations.
In some cases derivative instruments are used for purposes that may be deemed to be speculative in nature, rather than for purposes of hedging risk. In such cases, the Fund will limit its purchase of derivatives as follows: the total notional value of currency forwards, when aggregated with currency futures, will not exceed 150% of the Funds total assets. The notional value of a derivative contract reflects its nominal or face amount. In comparison, the market value of a derivative contract, which is usually less, reflects the outstanding obligation under the contract. Franklin Advisers, Inc., (Franklin) the Funds sub-adviser, allocates the Funds assets based upon its assessment of changing market, political and economic conditions. It will consider various factors, including evaluation of interest rates, currency exchange rate changes and credit risks.
In determining whether to allocate Fund assets to the markets of any individual country, Franklin may consider the countrys macroeconomic and fiscal performance, policies, and outlook, as well as the current political climate. Franklin may shorten or lengthen the Funds duration in select markets or on an overall basis in response to interest rate changes and Franklins outlook for interest rates. It will allocate the Funds assets among permissible types of securities and instruments in accordance with the Funds investment restrictions and according to where Franklin believes it has found the most attractive investment opportunities for the Fund given the level of risk involved. Franklin may use forward currency exchange contracts and other derivatives for hedging purposes or other purposes.
The Funds allocations to various markets, securities and instruments will vary over time. Franklin may consider selling a security when it believes the security has become fully valued due to either its price appreciation or changes in the issuers fundamentals, or when Franklin believes another security is a more attractive investment opportunity.
C000072683 Performance
Total returns for C000072683 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -0.2% |
| 3 years (annualised) | -5.1% |
C000072683 Risk Information
Risk metrics for C000072683, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.9%
C000072683 Costs and Fees
C000072683 costs about $103 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.03%
- Gross expense ratio: 1.03%
- Portfolio turnover: 109%
- Brokerage commissions: 0.12 bps of average net assets (SEC N-CEN)
C000072683 Cashflows
Over the 12 months to 2023-09, SFT International Bond Fund had net outflows of $5.15M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-09 | −$238.30K |
| 2023-08 | −$432.89K |
| 2023-07 | −$399.25K |
| 2023-06 | −$131.67K |
| 2023-05 | −$845.33K |
| 2023-04 | −$541.14K |
C000072683 Debt Constituents
No individual debt constituents are reported in SFT International Bond Fund's latest SEC N-PORT filing.
C000072683 Prospectus and SEC Filings
Official SFT International Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-04-28
- Prospectus (485BPOS) — filed 2022-08-01
- Prospectus supplement (497) — filed 2023-05-26
- Portfolio holdings (N-PORT) — filed 2023-11-21
- Portfolio holdings (N-PORT) — filed 2023-08-18
- Portfolio holdings (N-PORT) — filed 2023-05-25
- Annual census (N-CEN) — filed 2023-03-13
- Annual census (N-CEN) — filed 2022-03-02
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.