SIOAX: SEI Institutional Managed Trust Multi-Asset Income Fund - MutualFunds.com

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SEI Multi-Asset Income F (SIMT)

SIOAX - Snapshot

Vitals

  • YTD Return 0.2%
  • 3 Yr Annualized Return 3.6%
  • 5 Yr Annualized Return 5.1%
  • Net Assets $919 M
  • Holdings in Top 10 33.6%

52 WEEK LOW AND HIGH

$11.19
$8.83
$11.37

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.20%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 76.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification


Compare SIOAX to Popular Tactical Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$11.98

+0.08%

$14.56 B

3.58%

$0.43

0.84%

0.22%

$11.43

-0.09%

$3.66 B

2.56%

$0.29

5.93%

0.76%

$8.07

+0.12%

$2.80 B

3.31%

$0.27

-2.54%

1.53%

$9.92

+0.41%

$2.54 B

1.30%

$0.13

2.69%

1.30%

$18.46

-0.22%

$1.48 B

1.65%

$0.31

24.06%

0.33%

SIOAX - Profile

Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 5.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.15%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    SEI Institutional Managed Trust Multi-Asset Income Fund
  • Fund Family Name
    SEI
  • Inception Date
    Apr 09, 2012
  • Shares Outstanding
    70503222
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Steven Treftz

Fund Description

Under normal circumstances, the fund will seek to generate total return with an emphasis on income by selecting investments from among a broad range of asset classes based upon SEI Investments Management Corporation's (SIMC) or the sub-adviser's (each, a Sub-Adviser and collectively, the Sub-Advisers) expectations for income and, to a lesser extent, capital appreciation. The asset classes used and the fund's allocations among asset classes will be determined based on SIMC's or the Sub-Adviser's views of fundamental, technical or valuation measures.


SIOAX - Performance

Return Ranking - Trailing

Period SIOAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -18.8% 52.0% 64.34%
1 Yr 0.9% -17.8% 67.2% 46.72%
3 Yr 3.6%* -8.0% 17.5% 30.64%
5 Yr 5.1%* -4.5% 12.9% 35.64%
10 Yr N/A* -3.0% 9.1% N/A

* Annualized

Return Ranking - Calendar

Period SIOAX Return Category Return Low Category Return High Rank in Category (%)
2019 9.3% -11.4% 26.7% 65.98%
2018 -5.2% -28.0% 1.6% 9.73%
2017 2.3% -11.6% 27.5% 92.02%
2016 4.9% -14.9% 16.0% 40.10%
2015 -5.2% -87.3% 1.7% 39.76%

Total Return Ranking - Trailing

Period SIOAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -18.8% 52.0% 64.34%
1 Yr 0.9% -18.1% 67.2% 41.39%
3 Yr 3.6%* -8.0% 17.5% 27.23%
5 Yr 5.1%* -4.5% 12.9% 33.17%
10 Yr N/A* -3.0% 9.1% N/A

* Annualized

Total Return Ranking - Calendar

Period SIOAX Return Category Return Low Category Return High Rank in Category (%)
2019 9.3% -11.4% 26.7% 65.98%
2018 -5.2% -28.0% 1.6% 18.14%
2017 2.3% -5.4% 27.6% 96.71%
2016 4.9% -14.9% 19.7% 56.35%
2015 -5.2% -87.3% 2.5% 55.42%

NAV & Total Return History


SIOAX - Holdings

Concentration Analysis

SIOAX Category Low Category High SIOAX % Rank
Net Assets 919 M 991 K 14.6 B 11.84%
Number of Holdings 1814 4 1814 0.82%
Net Assets in Top 10 273 M 333 K 8.8 B 24.08%
Weighting of Top 10 33.62% 16.8% 100.0% 88.68%

Top 10 Holdings

  1. 2 Year Treasury Note Future Dec 20 9.89%
  2. 2 Year Treasury Note Future Dec 20 9.89%
  3. 2 Year Treasury Note Future Dec 20 9.89%
  4. 2 Year Treasury Note Future Dec 20 9.89%
  5. 2 Year Treasury Note Future Dec 20 9.89%
  6. 2 Year Treasury Note Future Dec 20 9.89%
  7. 2 Year Treasury Note Future Dec 20 9.89%
  8. 2 Year Treasury Note Future Dec 20 9.89%
  9. 2 Year Treasury Note Future Dec 20 9.89%
  10. 2 Year Treasury Note Future Dec 20 9.89%

Asset Allocation

Weighting Return Low Return High SIOAX % Rank
Bonds
79.40% 0.00% 308.81% 17.14%
Stocks
11.89% 0.00% 116.32% 94.69%
Cash
6.00% -269.48% 87.83% 48.98%
Convertible Bonds
2.66% 0.00% 5.73% 4.90%
Preferred Stocks
0.04% 0.00% 19.67% 23.27%
Other
0.01% -1.60% 77.76% 65.71%

Stock Sector Breakdown

Weighting Return Low Return High SIOAX % Rank
Technology
24.20% 0.00% 95.84% 20.17%
Healthcare
14.16% 0.00% 39.15% 34.33%
Financial Services
12.80% 0.00% 96.34% 35.19%
Consumer Cyclical
11.33% 0.00% 49.17% 45.49%
Communication Services
11.16% 0.00% 34.85% 16.74%
Industrials
8.75% 0.00% 19.48% 65.67%
Consumer Defense
7.50% 0.00% 31.10% 42.49%
Utilities
3.20% 0.00% 95.94% 45.06%
Real Estate
2.61% 0.00% 100.00% 60.09%
Basic Materials
2.25% 0.00% 68.84% 77.25%
Energy
2.03% 0.00% 10.11% 51.93%

Stock Geographic Breakdown

Weighting Return Low Return High SIOAX % Rank
US
11.78% -3.83% 115.24% 91.43%
Non US
0.11% 0.00% 63.52% 92.65%

Bond Sector Breakdown

Weighting Return Low Return High SIOAX % Rank
Corporate
48.83% 0.00% 100.00% 14.29%
Government
35.71% 0.00% 95.45% 34.29%
Securitized
9.14% 0.00% 69.35% 26.53%
Cash & Equivalents
6.13% 0.00% 100.00% 88.16%
Municipal
0.19% 0.00% 13.44% 12.65%
Derivative
0.00% 0.00% 61.13% 84.08%

Bond Geographic Breakdown

Weighting Return Low Return High SIOAX % Rank
US
58.87% -14.41% 205.82% 15.92%
Non US
20.53% 0.00% 167.73% 19.59%

SIOAX - Expenses

Operational Fees

SIOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.20% 0.22% 4.67% 70.90%
Management Fee 0.60% 0.10% 1.50% 26.75%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.30% 0.05% 0.70% 95.71%

Sales Fees

SIOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SIOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 97.89%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SIOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 76.00% 0.00% 474.00% 39.42%

SIOAX - Distributions

Dividend Yield Analysis

SIOAX Category Low Category High SIOAX % Rank
Dividend Yield 0.00% 0.00% 8.80% 78.37%

Dividend Distribution Analysis

SIOAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

SIOAX Category Low Category High SIOAX % Rank
Net Income Ratio 4.15% -1.71% 6.58% 4.10%

Capital Gain Distribution Analysis

SIOAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

SIOAX - Fund Manager Analysis

Managers

Steven Treftz


Start Date

Tenure

Tenure Rank

Dec 31, 2012

7.84

7.8%

Steven Treftz, CFA, joined SIMC in 2012, and is responsible for the oversight, monitoring and manager selection for the Investment Management Unit's Multi Asset and Short Duration strategies. Prior to his employment at SEI, Mr. Treftz was employed by Citi Private Bank where he was responsible for maintaining the firm's research opinions on third party international, global and emerging market equity managers. Prior to his employment at Citi Private Bank Mr. Treftz was employed by Lockwood Advisors, Inc. where he was responsible for the management of one of the firm's mutual fund/ETF wrap portfolio programs. Mr. Treftz earned a Bachelor's degree in Finance and Risk Management from Temple University. Mr. Treftz is also a CFA Charterholder and member of the CFA Society of Philadelphia.

Michael Swell


Start Date

Tenure

Tenure Rank

Jan 31, 2016

4.75

4.8%

Michael is the co-head of Global Lead Portfolio Management within the Global Fixed Income GroupLiquidity Management team at Goldman Sachs Asset Management (GSAM).He is a member of the Fixed Income Strategy. In this role, he is responsible co-leading the global team of portfolio managers that are responsible for overseeing multi-sector portfolios. Previously, Michael was a senior portfolio manager and co-head of the US Fixed Income group. Michael joined Goldman Sachs Asset Management, L.P. in 2007 as a managing director and head of Structured Products. This role entailed the creation of structured product asset management vehicles across the spectrum of fixed income products and management of opportunistic/alternative portfolios. Prior to joining the firm, from 2005 to 2007, Mr. Swell was a Senior Managing Director in charge of Friedman, Billings & Ramsey’s Fixed Income Sales & Trading division.. Under Michael's guidance, his division was responsible for the underwriting of more than $22 billion of mortgage-related transactions and the trading and hedging of all MBS and ABS products. Prior to joining FBR, Michael was the vice president in charge of Freddie Mac’s Securities Sales and Trading Group, Freddie Mac’s in-house MBS broker dealer. Prior to joining Freddie Mac in 1992, Michael marketed and developed fixed income asset management vehicles at BlackRock Financial Management, a fixed income money management firm. Michael started his career as a corporate analyst in the Investment Banking Division of Lehman Brothers helping institutions raise debt capital. Michael earned a BA in Politics and Economics from Brandeis University, a General Course Degree from the London School of Economics and an MA in International Economics and Finance from the Lemberg School at Brandeis University.

Paul Seary


Start Date

Tenure

Tenure Rank

Jan 31, 2016

4.75

4.8%

Paul Seary, CFA, Vice President, joined Goldman Sachs Asset Management in 2009 and is a Portfolio Manager focused on fixed income strategies. Mr. Seary is responsible for risk budgeting and portfolio construction focusing on multi-sector fixed income mandates. Prior to joining GSAM, Mr. Seary spent three years with HSBC Halbis, where he was a product specialist within their fixed income alternatives team focusing on Fixed Income Global Macro, Emerging Markets Relative Value and Long/Short Credit strategies. Prior to HSBC Halbis, Mr. Seary worked for five years at Franklin Templeton within their fixed income quantitative research and product management teams. Paul received a Bachelor's of Science in Financial Economics from Binghamton University. Mr. Seary is a CFA charterholder and is a member of the New York Society of Security Analysts.

Ronald Arons


Start Date

Tenure

Tenure Rank

Jan 31, 2016

4.75

4.8%

Mr. Arons joined the Investment Adviser as a fixed income portfolio manager in 2010. From 1994 to 2010 he was a portfolio manager at J.P. Morgan Asset Management. Ronald holds a B.B.A. in accounting from George Washington University and an M.B.A. in finance from New York University. He is a CFA charterholder.

Michael Feehily


Start Date

Tenure

Tenure Rank

Dec 31, 2016

3.84

3.8%

Mr. Feehily, CFA, is a Managing Director of SSgA and the Adviser and Co-Head of Passive Equity Strategies in North America in the Global Equity Beta Solutions Group. In this capacity, Mr. Feehily has oversight of the North American Passive Equity teams in Boston and Montreal. In addition, Mr. Feehily is a member of the Senior Management Group. Mr. Feehily rejoined SSgA in 2010 after spending the previous four years at State Street Global Markets LLC where he helped to build the Exposure Solutions business. This group created and managed portfolios that were designed to meet the short-term market exposure needs of institutional clients. Prior to this, Mr. Feehily had been Head of the US Passive Equity Team within SSgA. He joined SSgA in 1997. Mr. Feehily received a Bachelor of Science Degree from Babson College in Finance, Investments, and Economics. He received an MBA in Finance from Bentley College and also earned the Chartered Financial Analyst designation. He is a member of the Boston Security Analysts Society and the CFA Institute. Mr. Feehily is also a former member of the Russell Index Client Advisory Board.

Emiliano Rabinovich


Start Date

Tenure

Tenure Rank

Dec 31, 2016

3.84

3.8%

Emiliano Rabinovich, CFA, is a Vice President of SSGA and the Adviser and a Senior Portfolio Manager in the Global Equity Beta Solutions Group. Within this group, he is the strategy leader for their Smart Beta and ESG products. Mr. Rabinovich currently manages a varied mix of funds that include both traditional indexing and a variety of alternative beta mandates. Also, he manages several local and global strategies and fund structures, which include separate accounts, commingled funds and mutual funds.

Annabel Rudebeck


Start Date

Tenure

Tenure Rank

May 03, 2018

2.5

2.5%

– Western Asset Management Company Limited – Head of Non-US Credit, 2016- – Rogge Global Partners – Senior Partner, Head of Global Investment Grade Credit, 2004-2016 – JP Morgan Securities – Associate, Credit Research, 1999-2003 – University of Cambridge, B.A. (Hons), M.A., Economics

S. Leech


Start Date

Tenure

Tenure Rank

May 03, 2018

2.5

2.5%

– Western Asset Management Company, LLC – Chief Investment Officer, 1990– – Greenwich Capital Markets – Portfolio Manager, 1988–1990 – The First Boston Corporation – Fixed Income Manager, 1980–1988 – National Bank of Detroit – Portfolio Manager, 1977–1980 – The Wharton School, University of Pennsylvania, M.B.A., B.S., B.A., summa cum laude, 1972–1976

Mark Lindbloom


Start Date

Tenure

Tenure Rank

May 03, 2018

2.5

2.5%

– Western Asset Management Company, LLC – Portfolio Manager, 2005- – Citigroup Asset Management – Portfolio Manager, 1986-2005 – Brown Brothers Harriman & Co. – Portfolio Manager, 1981-1986 – New York Life Ins. – Analyst, 1978-1980 – Pace University, M.B.A. – Rider University, B.S.

James Smigiel


Start Date

Tenure

Tenure Rank

Dec 31, 2018

1.84

1.8%

Jim Smigiel is Chief Investment Officer of Non-Traditional Strategies. He oversees alternative, hedge fund, property and multi-asset strategies. Previously, he oversaw SEI’s Portfolio Strategies Group and the Global Fixed Income team. Prior to joining SEI, Smigiel served as Portfolio Manager and Senior Investment Officer at PNC Advisors/BlackRock Financial Management, where he managed institutional fixed-income portfolios. Smigiel holds a Bachelor of Science degree in Economics from Drexel University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.25 5.6 8.1