SEIWX — AIG International Dividend Strategy Fund
Data updated: 2021-08-27
SEIWX — AIG International Dividend Strategy Fund. Emerging Markets Multi-Cap / All-Cap Value Equity. Holdings, fees, performance and SEC filings.
SEIWX Fund Overview
SEIWX — AIG International Dividend Strategy Fund is a US mutual fund managed by Sunamerica Equity Funds, categorised as Emerging Markets Multi-Cap / All-Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Sunamerica Equity Funds
- Category: Emerging Markets Multi-Cap / All-Cap Value Equity
- Assets under management: $45.97M
- 1-year return: 26.3%
- Ticker: SEIWX
- SEC CIK: 0000799084
- SEC series ID: S000007629
- Share class ID: C000152061
SEIWX Investment Objective and Strategy
AIG International Dividend Strategy Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Sunamerica Equity Funds.
Investment objective
The investment goal of the AIG International Dividend Strategy Fund (the International Dividend Strategy Fund or the Fund) is total return (including capital appreciation and current income).
Principal investment strategy
The Funds principal investment strategies are value and international investing. The value oriented philosophy to which the Fund partly subscribes is that of investing in securities believed to be undervalued in the market. The selection criteria are usually calculated to identify stocks of companies with solid financial strength that have attractive valuations ( e.g. , as measured by low price earnings ratios) and that may have been generally overlooked by the market. The strategy of international investing involves investing substantially all of the Funds assets in foreign (non-U.S.) securities (foreign securities). The principal investment technique of the Fund is to employ a buy and hold strategy with approximately 50 to 100 high dividend yielding equity securities selected annually from the Morgan Stanley Capital International All Country World Index ex-U.S.
Index (MSCI ACWI ex-U.S. Index). At least 80% of the Funds net assets, plus any borrowings for investment purposes, will be invested in dividend yielding equity securities. The Fund expects to invest primarily in common stocks, and to a lesser extent, preferred stocks, and may invest in companies of any size. In addition, the Fund is not limited in the amount it may invest in any one country, and its investments may include securities of emerging markets. The selection criteria used by the Funds portfolio managers to identify high dividend yielding equity securities from the MSCI ACWI ex-U.S. Index will generally include dividend yield as well as a combination of factors that relate to profitability and valuation. Certain stocks in the MSCI ACWI ex-U.S. Index may be excluded as a result of liquidity screens applied during the selection process.
The number of securities selected each year for inclusion in the Funds portfolio will be determined at the discretion of the portfolio managers and will depend on, among other things, the impact that the number of securities held is expected to have on the potential for overall dividend yield in the portfolio, as well as market conditions. While the securities selection process will take place on an annual basis, the portfolio managers may, from time to time, substitute certain securities for those selected for the Fund or reduce the position size of a portfolio security in between the annual rebalancings under certain limited circumstances. These circumstances will generally include where a security held by the Fund no longer meets the dividend yield criteria, when the value of a security becomes a disproportionately large percentage of the Funds holdings, or when the size of the Funds position in the security has the potential to create market liquidity or other issues in connection with the annual rebalancing or efficient management of the Fund, each at the discretion of the portfolio managers.
The Fund will be evaluated and adjusted at the discretion of the portfolio managers on an annual basis. The next annual consideration of the securities that meet the selection criteria will take place on or about October 1, 2018. Immediately after the Fund buys and sells securities in connection with the Funds annual rebalancing, it will hold approximately an equal value of each of the 50 to 100 securities. For example, the Fund would invest about 1/50th of its assets in each of the securities that make up its portfolio if the Fund were to select 50 securities. Thereafter, when an investor purchases shares of the Fund, the Adviser will generally invest additional funds in the pre-selected securities based on each securitys respective percentage of the Funds assets at the time. The Fund employs a strategy to hold securities between its annual rebalancing, even if there are adverse developments concerning a particular security, an industry, the economy or the stock market generally.
Due to changes in the market value of the securities held by the Fund, it is likely that the weighting of the stocks in its portfolio will fluctuate throughout the course of the year. The principal investment strategies and principal investment techniques of the Fund may be changed without shareholder approval. You will receive at least 60 days notice of any change to the 80% investment policy set forth above.
SEIWX Performance
Total returns for SEIWX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 26.3% |
| 3 years (annualised) | 5.9% |
SEIWX Risk Information
Risk metrics for SEIWX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 17.0%
SEIWX Costs and Fees
SEIWX costs about $170 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.70%
- Gross expense ratio: 3.50%
- Portfolio turnover: 74%
- Brokerage commissions: 8.07 bps of average net assets (SEC N-CEN)
SEIWX Cashflows
Over the 12 months to 2021-06, AIG International Dividend Strategy Fund had net outflows of $16.26M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-06 | −$219.39K |
| 2021-05 | −$731.08K |
| 2021-04 | −$671.25K |
| 2021-03 | −$455.71K |
| 2021-02 | −$545.11K |
| 2021-01 | −$11.08M |
SEIWX Debt Constituents
No individual debt constituents are reported in AIG International Dividend Strategy Fund's latest SEC N-PORT filing.
SEIWX Prospectus and SEC Filings
Official AIG International Dividend Strategy Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-01-27
- Prospectus (485BPOS) — filed 2020-02-13
- Prospectus (485BPOS) — filed 2019-02-14
- Portfolio holdings (N-PORT) — filed 2021-08-27
- Portfolio holdings (N-PORT) — filed 2021-05-28
- Portfolio holdings (N-PORT) — filed 2021-02-26
- Annual census (N-CEN) — filed 2020-12-14
- Annual census (N-CEN) — filed 2019-12-13
Related Funds
Other Emerging Markets Multi-Cap / All-Cap Value Equity funds tracked on ABC INVEST:
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.