SIIT DYNAMIC ASSET ALLOCATION FUND
Actively managed U.S. stock fund
As of its 2026 Q2 report, SIIT DYNAMIC ASSET ALLOCATION FUND held 526 positions with $2.11B in net assets. Its ten largest holdings made up 59.6% of the fund. The SDLAX share class costs 0.67% a year. Over the 12 months to May 2026, SDLAX returned 28.7%, with dividends reinvested. In 2026 Q2 it added 16 new positions and exited 17.
Long-term total return.
The fund employs a dynamic strategy that allocates assets across equities, bonds, currencies, and other market exposures based on the adviser's expectations of risk and return, with allocations actively adjusted over time; a core passive allocation to large-capitalization U.S. equities is managed by a sub-adviser. The fund may concentrate in a limited number of exposures or diversify broadly, and obtains exposures through direct securities holdings, pooled vehicles, derivatives, and commodity-linked investments, including through a wholly-owned Cayman Islands subsidiary. Because allocations are actively adjusted based on the adviser's views, the fund's composition and performance may diverge materially from the broad U.S. equity market it seeks to outperform.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
N/A | 23.37% | $492.20M | — | — |
9.29% | $195.68M | 434.6K | $450.24 | |
6.11% | $128.61M | 609.1K | $211.14 | |
APPLE INC. | 5.45% | $114.84M | 368.0K | $312.06 |
AMAZON.COM, INC. | 3.15% | $66.27M | 244.9K | $270.64 |
N/A | 3.01% | $63.47M | — | — |
GOOGLALPHABET INC. | 2.63% | $55.51M | 145.9K | $380.34 |
AVGOBROADCOM INC. | 2.52% | $53.10M | 118.9K | $446.77 |
GOOGALPHABET INC. | 2.10% | $44.13M | 117.2K | $376.43 |
GOLDMAN SACHS & CO. LLC | 1.95% | $41.07M | — | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
The 200 largest of 526 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 82.59% |
| Derivatives | 26.91% |
| Cash & short-term | 1.49% |
These positions come to 110.98% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.
Derivatives are shown at market value, not notional exposure.
By sector
- Information Technology
- 30.7%
- Other
- 26.9%
- Financials
- 7.2%
- Communication Services
- 7.0%
- 9 other sectors
- 28.1%
- Information Technology
- 30.7%
- Other
- 26.9%
- Financials
- 7.2%
- Communication Services
- 7.0%
- Consumer Discretionary
- 6.6%
- Health Care
- 5.6%
- Industrials
- 5.5%
- Consumer Staples
- 3.1%
- Energy
- 2.1%
- Utilities
- 1.4%
- Cash
- 1.3%
- Real Estate
- 1.2%
- Materials
- 1.2%
How it has done
SDLAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.70%. Past returns are a record, not a forecast.
Fees & fund details
SIIT DYNAMIC ASSET ALLOCATION FUND is an actively managed U.S. equity fund. 22% of SDLAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 82% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.67%· SDLAX 0.67%
- Portfolio turnover
- 26.00% a year · as of 2025 Q3
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
16 new· the largest 8
17 exited· the largest 5
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
This fund filed the credit-spread disclosure and reported no sensitivity — measured, and the answer is none.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 100% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.07 yr | 1% |
| 1 yr | 2.57 yr | 20% |
| 5 yr | 5.81 yr | 44% |
| 10 yr | 1.48 yr | 11% |
| 30 yr | 3.13 yr | 24% |
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.07 | +0.00 | +0.00 | $0 | $0 |
| 1 yr | +2.57 | +0.00 | +0.00 | $0 | $0 |
| 5 yr | +5.81 | +0.00 | +0.00 | $0 | $0 |
| 10 yr | +1.48 | +0.00 | +0.00 | $0 | $0 |
| 30 yr | +3.13 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 13.07 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Understand how this fund fits with the rest.
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