XML 86 R167.htm IDEA: XBRL DOCUMENT v2.4.1.9
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading SDIT ULTRA SHORT DURATION BOND FUND
Objective [Heading] rr_ObjectiveHeading Investment Goal
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

Provide higher current income than that typically offered by a money market fund while maintaining a high degree of liquidity and a correspondingly higher risk of principal volatility.

Expense [Heading] rr_ExpenseHeading Fees and Expenses
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (fees paid directly from your investment)
Redemption Fee (as a percentage of Amount Redeemed) rr_RedemptionFeeOverRedemption (0.50%)rr_RedemptionFeeOverRedemption
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Management Fees rr_ManagementFeesOverAssets 0.10%rr_ManagementFeesOverAssets
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.62%rr_OtherExpensesOverAssets
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.72%rr_ExpensesOverAssets
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 106% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 106.00%rr_PortfolioTurnoverRate
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 74rr_ExpenseExampleYear01
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 230rr_ExpenseExampleYear03
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 401rr_ExpenseExampleYear05
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 894rr_ExpenseExampleYear10
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

Under normal circumstances, the Ultra Short Duration Bond Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in investment grade U.S. dollar-denominated debt instruments, including: (i) commercial paper and other corporate obligations; (ii) certificates of deposit, time deposits, bankers' acceptances, bank notes, and other obligations of U.S. savings and loan and thrift institutions, U.S. commercial banks (including foreign branches of such banks) and foreign banks that meet certain asset requirements; (iii) U.S. Treasury obligations and obligations issued or guaranteed as to principal and interest by agencies or instrumentalities of the U.S. Government; (iv) mortgage-backed securities; (v) asset-backed securities; (vi) fully-collateralized repurchase agreements involving any of the foregoing obligations; and (vii) U.S. dollar-denominated instruments of foreign issuers. In addition, the Fund may enter into dollar roll transactions with selected banks and broker-dealers and invest in to-be-announced mortgage-backed securities, futures contracts and forward contracts. The Fund will primarily use futures contracts for hedging purposes to manage the Fund's exposure to interest rate risk. There may also be times when the Fund utilizes futures contracts to take an active position on interest rates to either increase or reduce the interest rate sensitivity of the Fund.


Using a top-down strategy and bottom-up security selection, the sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) seek attractively-valued securities that offer competitive yields and that are issued by issuers that are on a sound financial footing. The Sub-Advisers also consider factors such as the anticipated level of interest rates, relative valuations and yield spreads among various sectors, and the duration of the Fund's entire portfolio. Duration measures the price sensitivity of a fixed income security to changes in interest rates. For example, a five-year duration means that the fixed income security will decrease in value by 5% if interest rates rise 1% and increase in value by 5% if interest rates fall 1%. While the Fund may invest in securities with any maturity or duration, the Sub-Advisers will strive to maintain a portfolio duration for the Fund of 18 months or less under normal market conditions.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

Asset-Backed Securities Risk — Payment of principal and interest on asset-backed securities is dependent largely on the cash flows generated by the assets backing the securities, and asset-backed securities may not have the benefit of any security interest in the related assets.


Corporate Fixed Income Securities Risk — Corporate fixed income securities respond to economic developments, especially changes in interest rates, as well as to perceptions of the creditworthiness and business prospects of individual issuers.


Credit Risk — The risk that the issuer of a security or the counterparty to a contract will default or otherwise become unable to honor a financial obligation.


Derivatives Risk — The Fund's use of futures contracts and forward contracts is subject to market risk, leverage risk, correlation risk and liquidity risk. Leverage risk and liquidity risk are described below. Market risk is the risk that the market value of an investment may move up and down, sometimes rapidly and unpredictably. Correlation risk is the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index. The Fund's use of forward contracts is also subject to credit risk and valuation risk. Valuation risk is the risk that the derivative may be difficult to value and/or valued incorrectly. Credit risk is described above. Each of these risks could cause the Fund to lose more than the principal amount invested in a derivative instrument.


Dollar Rolls Risk — The Fund's investments in dollar rolls may subject the Fund to leverage risk and liquidity risk, both of which are described below.


Extension Risk — The risk that rising interest rates may extend the duration of a fixed income security, typically reducing the security's value.


Fixed Income Market Risk — The prices of the Fund's fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, the Fund's fixed income securities will decrease in value if interest rates rise and vice versa. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. In the case of foreign securities, price fluctuations will reflect international economic and political events, as well as changes in currency valuations relative to the U.S. dollar. In response to these events, the Fund's value may fluctuate and/or the Fund may experience increased redemptions from shareholders, which may impact the Fund's liquidity or force the Fund to sell securities into a declining or illiquid market.


Foreign Issuer Risk — The risk that issuers in foreign countries face political and economic events unique to such countries. These events will not necessarily affect the U.S. economy or similar issuers located in the U.S.


Interest Rate Risk — The risk that a rise in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Fund invests. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates. A low interest rate environment may present greater interest rate risk, because there may be a greater likelihood of rates increasing and rates may increase more rapidly.


Investment Style Risk — The risk that short-duration fixed income securities may underperform other segments of the fixed income markets or the fixed income markets as a whole.


Leverage Risk — The Fund's use of derivatives or investments in repurchase agreements may result in the Fund's total investment exposure substantially exceeding the value of its portfolio securities and the Fund's investment returns depending substantially on the performance of securities that the Fund may not directly own. The use of leverage can amplify the effects of market volatility on the Fund's share price and may also cause the Fund to liquidate portfolio positions when it would not be advantageous to do so in order to satisfy its obligations. The Fund's use of leverage may result in a heightened risk of investment loss.


Liquidity Risk — The risk that certain securities may be difficult or impossible to sell at the time and the price that the seller would like. The seller may have to lower the price, sell other securities instead or forego an investment opportunity, any of which could have a negative effect on Fund management or performance.


Market Risk — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the bond market as a whole.


Mortgage-Backed Securities Risk — Mortgage-backed securities are affected by, among other things, interest rate changes and the possibility of prepayment of the underlying mortgage loans. Mortgage-backed securities are also subject to the risk that underlying borrowers will be unable to meet their obligations.


Opportunity Risk — The risk of missing out on an investment opportunity because the assets necessary to take advantage of it are tied up in other investments.


Portfolio Turnover Risk — Due to its investment strategy, the Fund may buy and sell securities frequently. This may result in higher transaction costs and additional capital gains tax liabilities.


Prepayment Risk — The risk that, with declining interest rates, fixed income securities with stated interest rates may have the principal paid earlier than expected, requiring the Fund to invest the proceeds at generally lower interest rates.


Repurchase Agreement Risk — Although repurchase agreement transactions must be fully collateralized at all times, they generally create leverage and involve some counterparty risk to the Fund whereby a defaulting counterparty could delay or prevent the Fund's recovery of collateral.


U.S. Government Securities Risk — Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources.


Investing in the Fund involves risk, and there is no guarantee that the Fund will achieve its investment goal. You could lose money on your investment in the Fund, just as you could with other investments.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money on your investment in the Fund, just as you could with other investments.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance Information
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compare with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compare with those of a broad measure of market performance.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-DIAL-SEI
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Annual Return 2005 rr_AnnualReturn2005 2.78%rr_AnnualReturn2005
Annual Return 2006 rr_AnnualReturn2006 4.89%rr_AnnualReturn2006
Annual Return 2007 rr_AnnualReturn2007 1.69%rr_AnnualReturn2007
Annual Return 2008 rr_AnnualReturn2008 (9.95%)rr_AnnualReturn2008
Annual Return 2009 rr_AnnualReturn2009 11.94%rr_AnnualReturn2009
Annual Return 2010 rr_AnnualReturn2010 3.82%rr_AnnualReturn2010
Annual Return 2011 rr_AnnualReturn2011 0.38%rr_AnnualReturn2011
Annual Return 2012 rr_AnnualReturn2012 2.66%rr_AnnualReturn2012
Annual Return 2013 rr_AnnualReturn2013 0.76%rr_AnnualReturn2013
Annual Return 2014 rr_AnnualReturn2014 0.49%rr_AnnualReturn2014
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best Quarter: 4.94% 06/30/09


Worst Quarter: -7.40% 12/31/08


The Fund's Class A total return (pre-tax) from January 1, 2015 to March 31, 2015 was 0.31%.

Year to Date Return, Label rr_YearToDateReturnLabel The Fund's Class A total return (pre-tax) from January 1, 2015 to March 31, 2015
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Mar. 31, 2015
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 0.31%rr_BarChartYearToDateReturn
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 4.94%rr_BarChartHighestQuarterlyReturn
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (7.40%)rr_BarChartLowestQuarterlyReturn
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (for the periods ended December 31, 2014)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Your actual after-tax returns will depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher In the event of negative performance, the Fund's returns after taxes on distributions and sale of Fund Shares are calculated assuming that an investor has sufficient capital gains of the same character from other investments to offset any capital losses from the sale of Fund Shares. As a result, the Fund's returns after taxes on distributions and sale of Fund Shares may exceed the Fund's returns before taxes and/or returns after taxes on distributions.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. In the event of negative performance, the Fund's returns after taxes on distributions and sale of Fund Shares are calculated assuming that an investor has sufficient capital gains of the same character from other investments to offset any capital losses from the sale of Fund Shares. As a result, the Fund's returns after taxes on distributions and sale of Fund Shares may exceed the Fund's returns before taxes and/or returns after taxes on distributions.

Label rr_AverageAnnualReturnLabel Fund Return Before Taxes
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 0.49%rr_AverageAnnualReturnYear01
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 1.61%rr_AverageAnnualReturnYear05
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 1.82%rr_AverageAnnualReturnYear10
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 3.35%rr_AverageAnnualReturnSinceInception
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Sep. 28, 1993
After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Fund Return After Taxes on Distributions
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 0.14%rr_AverageAnnualReturnYear01
/ dei_DocumentInformationDocumentAxis
= ck0000701939_doc_Class_A_Shares_ProspectusMember
/ dei_LegalEntityAxis
= ck0000701939_S000008266Member
/ rr_PerformanceMeasureAxis
= rr_AfterTaxesOnDistributionsMember
/ rr_ProspectusShareClassAxis
= ck0000701939_C000022551Member
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 1.16%rr_AverageAnnualReturnYear05
/ dei_DocumentInformationDocumentAxis
= ck0000701939_doc_Class_A_Shares_ProspectusMember
/ dei_LegalEntityAxis
= ck0000701939_S000008266Member
/ rr_PerformanceMeasureAxis
= rr_AfterTaxesOnDistributionsMember
/ rr_ProspectusShareClassAxis
= ck0000701939_C000022551Member
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 0.91%rr_AverageAnnualReturnYear10
/ dei_DocumentInformationDocumentAxis
= ck0000701939_doc_Class_A_Shares_ProspectusMember
/ dei_LegalEntityAxis
= ck0000701939_S000008266Member
/ rr_PerformanceMeasureAxis
= rr_AfterTaxesOnDistributionsMember
/ rr_ProspectusShareClassAxis
= ck0000701939_C000022551Member
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 1.94%rr_AverageAnnualReturnSinceInception
/ dei_DocumentInformationDocumentAxis
= ck0000701939_doc_Class_A_Shares_ProspectusMember
/ dei_LegalEntityAxis
= ck0000701939_S000008266Member
/ rr_PerformanceMeasureAxis
= rr_AfterTaxesOnDistributionsMember
/ rr_ProspectusShareClassAxis
= ck0000701939_C000022551Member
After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Fund Return After Taxes on Distributions and Sale of Fund Shares
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 0.28%rr_AverageAnnualReturnYear01
/ dei_DocumentInformationDocumentAxis
= ck0000701939_doc_Class_A_Shares_ProspectusMember
/ dei_LegalEntityAxis
= ck0000701939_S000008266Member
/ rr_PerformanceMeasureAxis
= rr_AfterTaxesOnDistributionsAndSalesMember
/ rr_ProspectusShareClassAxis
= ck0000701939_C000022551Member
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 1.07%rr_AverageAnnualReturnYear05
/ dei_DocumentInformationDocumentAxis
= ck0000701939_doc_Class_A_Shares_ProspectusMember
/ dei_LegalEntityAxis
= ck0000701939_S000008266Member
/ rr_PerformanceMeasureAxis
= rr_AfterTaxesOnDistributionsAndSalesMember
/ rr_ProspectusShareClassAxis
= ck0000701939_C000022551Member
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 1.10%rr_AverageAnnualReturnYear10
/ dei_DocumentInformationDocumentAxis
= ck0000701939_doc_Class_A_Shares_ProspectusMember
/ dei_LegalEntityAxis
= ck0000701939_S000008266Member
/ rr_PerformanceMeasureAxis
= rr_AfterTaxesOnDistributionsAndSalesMember
/ rr_ProspectusShareClassAxis
= ck0000701939_C000022551Member
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 2.03%rr_AverageAnnualReturnSinceInception
/ dei_DocumentInformationDocumentAxis
= ck0000701939_doc_Class_A_Shares_ProspectusMember
/ dei_LegalEntityAxis
= ck0000701939_S000008266Member
/ rr_PerformanceMeasureAxis
= rr_AfterTaxesOnDistributionsAndSalesMember
/ rr_ProspectusShareClassAxis
= ck0000701939_C000022551Member
Barclays Capital Short U.S. Treasury 9-12 Month Index Return (reflects no deduction for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Barclays Capital Short U.S. Treasury 9-12 Month Index Return (reflects no deduction for fees, expenses or taxes)
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 0.17%rr_AverageAnnualReturnYear01
/ dei_DocumentInformationDocumentAxis
= ck0000701939_doc_Class_A_Shares_ProspectusMember
/ dei_LegalEntityAxis
= ck0000701939_S000008266Member
/ rr_PerformanceMeasureAxis
= ck0000701939_index_Barclays_Capital_Short_US_Treasury_912_Month_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember
/ rr_ProspectusShareClassAxis
= ck0000701939_C000022551Member
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 0.37%rr_AverageAnnualReturnYear05
/ dei_DocumentInformationDocumentAxis
= ck0000701939_doc_Class_A_Shares_ProspectusMember
/ dei_LegalEntityAxis
= ck0000701939_S000008266Member
/ rr_PerformanceMeasureAxis
= ck0000701939_index_Barclays_Capital_Short_US_Treasury_912_Month_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember
/ rr_ProspectusShareClassAxis
= ck0000701939_C000022551Member
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 1.98%rr_AverageAnnualReturnYear10
/ dei_DocumentInformationDocumentAxis
= ck0000701939_doc_Class_A_Shares_ProspectusMember
/ dei_LegalEntityAxis
= ck0000701939_S000008266Member
/ rr_PerformanceMeasureAxis
= ck0000701939_index_Barclays_Capital_Short_US_Treasury_912_Month_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember
/ rr_ProspectusShareClassAxis
= ck0000701939_C000022551Member
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 3.40%rr_AverageAnnualReturnSinceInception
/ dei_DocumentInformationDocumentAxis
= ck0000701939_doc_Class_A_Shares_ProspectusMember
/ dei_LegalEntityAxis
= ck0000701939_S000008266Member
/ rr_PerformanceMeasureAxis
= ck0000701939_index_Barclays_Capital_Short_US_Treasury_912_Month_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember
/ rr_ProspectusShareClassAxis
= ck0000701939_C000022551Member
[1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Sep. 28, 1993
[1] Index returns are shown from September 30, 1993.