Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.9%
1 yr return
10.4%
3 Yr Avg Return
13.0%
5 Yr Avg Return
9.8%
Net Assets
$574 M
Holdings in Top 10
19.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.14%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TMMAX - Profile
Distributions
- YTD Total Return 4.9%
- 3 Yr Annualized Total Return 13.0%
- 5 Yr Annualized Total Return 9.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.04%
- Dividend Yield 1.6%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameSIMT Tax-Managed Managed Volatility Fund
-
Fund Family NameSEI Funds
-
Inception DateDec 20, 2007
-
Shares Outstanding45269628
-
Share ClassF
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerHarindra de Silva
Fund Description
The Tax-Managed Managed Volatility Fund will typically invest in securities of U.S. companies of all capitalization ranges. These securities may include common stocks, preferred stocks, warrants and exchange-traded funds (ETFs). The Fund may also, to a lesser extent, invest in American Depositary Receipts (ADRs), real estate investment trusts (REITs) and securities of non-U.S. companies. Although the Fund will be
measured against the Russell 3000 Index, the Fund is expected to have significant sector and market capitalization deviations from the index given its focus on absolute risk as opposed to index relative risk. This could lead to significant performance deviations relative to the index over shorter-term periods.
SEI Investments Management Corporation, the Fund's adviser (SIMC or the Adviser), directly manages a portion of the Fund's assets. With the remaining assets, the Fund uses a multi-manager approach, relying on one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) with differing investment approaches to manage Fund assets under the general supervision of SIMC. The Fund seeks to achieve an absolute return of the broad U.S. equity markets in a tax-efficient fashion, but with a lower absolute volatility. Over the long term, the Fund seeks to achieve a return similar to that of the Russell 3000 Index, but with a lower level of volatility. However, given that the Fund's investment strategy focuses on absolute return and risk, the Fund's sector and market capitalization exposures will typically vary from the index and may cause significant performance deviations relative to the index over shorter-term periods. The Fund seeks to achieve lower volatility by constructing a portfolio of securities that effectively weighs securities based on their total expected risk and return without regard to market capitalization and industry. This will tend to lead SIMC and the Fund's Sub-Advisers to construct portfolios with a low beta relative to the overall U.S. equity market.
The Fund implements the investment recommendations of SIMC and the Sub-Advisers through the use of an overlay manager appointed by SIMC. Each such Sub-Adviser and SIMC provides a model portfolio to the overlay manager on an ongoing basis that represents that Sub-Adviser's or SIMC's recommendation as to the securities to be purchased, sold or retained by the Fund. The overlay manager then constructs a portfolio for the Fund that represents the aggregation of the model portfolios of the Sub-Advisers and SIMC, with the weighting of each such Sub-Adviser's model in the total portfolio determined by SIMC.
Pursuant to direction from SIMC, the overlay manager has limited authority to vary from the models. For example, SIMC may direct the overlay manager to adjust the portfolio to implement SIMC's forward looking views regarding various portfolio characteristics or factors, or for risk management purposes. The overlay manager may also vary the portfolio implementation to seek trading efficiencies, loss harvesting, portfolio rebalancing or other portfolio construction objectives as directed by SIMC.
TMMAX - Performance
Return Ranking - Trailing
| Period | TMMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.9% | -6.3% | 48.0% | 88.67% |
| 1 Yr | 10.4% | -0.8% | 92.5% | 97.27% |
| 3 Yr | 13.0%* | -0.2% | 43.3% | 89.93% |
| 5 Yr | 9.8%* | 0.2% | 25.0% | 49.19% |
| 10 Yr | 10.1%* | 4.0% | 27.7% | 75.35% |
* Annualized
Return Ranking - Calendar
| Period | TMMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | -11.3% | -43.6% | 32.4% | 96.22% |
| 2024 | -4.7% | -34.7% | 47.5% | 94.44% |
| 2023 | -6.8% | -16.9% | 46.1% | 97.79% |
| 2022 | -9.0% | -43.2% | 4.6% | 27.39% |
| 2021 | 18.3% | -44.1% | 57.5% | 42.33% |
Total Return Ranking - Trailing
| Period | TMMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.9% | -6.3% | 48.0% | 88.67% |
| 1 Yr | 10.4% | -0.8% | 92.5% | 97.27% |
| 3 Yr | 13.0%* | -0.2% | 43.3% | 89.93% |
| 5 Yr | 9.8%* | 0.2% | 25.0% | 49.19% |
| 10 Yr | 10.1%* | 4.0% | 27.7% | 75.35% |
* Annualized
Total Return Ranking - Calendar
| Period | TMMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 11.0% | -0.4% | 32.7% | 84.05% |
| 2024 | 17.2% | -17.4% | 47.5% | 18.68% |
| 2023 | 7.6% | -15.9% | 46.7% | 77.42% |
| 2022 | -3.0% | -42.0% | 8.5% | 25.16% |
| 2021 | 24.0% | 6.9% | 129.7% | 72.79% |
NAV & Total Return History
TMMAX - Holdings
Concentration Analysis
| TMMAX | Category Low | Category High | TMMAX % Rank | |
|---|---|---|---|---|
| Net Assets | 574 M | 2.59 M | 238 B | 66.11% |
| Number of Holdings | 182 | 2 | 1671 | 13.54% |
| Net Assets in Top 10 | 111 M | 603 K | 47.6 B | 73.56% |
| Weighting of Top 10 | 19.52% | 4.5% | 99.2% | 91.48% |
Top 10 Holdings
- CISCO SYSTEMS INC COMMON STOCK 2.46%
- JOHNSON JOHNSON COMMON STOCK 2.30%
- ATT INC COMMON STOCK 2.25%
- VERIZON COMMUNICATIONS INC COMMON STOCK 2.00%
- APPLE INC COMMON STOCK 1.97%
- WALMART INC COMMON STOCK 1.79%
- ADOBE INC COMMON STOCK 1.77%
- MICROSOFT CORP COMMON STOCK 1.72%
- MOTOROLA SOLUTIONS INC COMMON STOCK 1.68%
- ALTRIA GROUP INC COMMON STOCK 1.58%
Asset Allocation
| Weighting | Return Low | Return High | TMMAX % Rank | |
|---|---|---|---|---|
| Stocks | 98.60% | 3.70% | 130.75% | 46.07% |
| Cash | 1.33% | 0.00% | 26.41% | 47.11% |
| Other | 0.40% | -1.51% | 19.37% | 17.31% |
| Preferred Stocks | 0.00% | 0.00% | 22.62% | 95.28% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 95.28% |
| Bonds | 0.00% | 0.00% | 127.82% | 95.59% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TMMAX % Rank | |
|---|---|---|---|---|
| Healthcare | 21.55% | 0.00% | 27.67% | 11.18% |
| Technology | 18.92% | 0.00% | 54.02% | 8.12% |
| Consumer Defense | 17.48% | 0.00% | 34.10% | 3.38% |
| Financial Services | 14.43% | 0.00% | 58.05% | 87.45% |
| Industrials | 11.96% | 0.00% | 42.76% | 45.89% |
| Utilities | 7.34% | 0.00% | 27.04% | 18.57% |
| Consumer Cyclical | 5.05% | 0.00% | 22.74% | 67.09% |
| Communication Services | 1.21% | 0.00% | 26.58% | 93.78% |
| Basic Materials | 0.85% | 0.00% | 20.01% | 90.08% |
| Energy | 0.80% | 0.00% | 54.00% | 95.57% |
| Real Estate | 0.41% | 0.00% | 90.54% | 81.33% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TMMAX % Rank | |
|---|---|---|---|---|
| US | 98.03% | 3.70% | 130.75% | 42.71% |
| Non US | 0.56% | 0.00% | 27.70% | 32.74% |
TMMAX - Expenses
Operational Fees
| TMMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.14% | 0.03% | 7.64% | 30.24% |
| Management Fee | 0.55% | 0.00% | 1.50% | 51.16% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.30% | 0.01% | 0.50% | 96.51% |
Sales Fees
| TMMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 0.95% | 4.00% | N/A |
Trading Fees
| TMMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 98.72% |
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.
| TMMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 240.00% | 35.45% |
TMMAX - Distributions
Dividend Yield Analysis
| TMMAX | Category Low | Category High | TMMAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.60% | 0.00% | 16.67% | 89.29% |
Dividend Distribution Analysis
| TMMAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| TMMAX | Category Low | Category High | TMMAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.04% | -1.51% | 4.28% | 69.27% |
Capital Gain Distribution Analysis
| TMMAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Apr 06, 2026 | $0.063 | OrdinaryDividend |
| Dec 29, 2025 | $0.039 | OrdinaryDividend |
| Dec 17, 2025 | $3.594 | CapitalGainLongTerm |
| Oct 03, 2025 | $0.042 | OrdinaryDividend |
| Jul 07, 2025 | $0.061 | OrdinaryDividend |
| Apr 03, 2025 | $0.062 | OrdinaryDividend |
| Dec 27, 2024 | $0.044 | OrdinaryDividend |
| Dec 17, 2024 | $3.811 | OrdinaryDividend |
| Dec 17, 2024 | $0.064 | CapitalGainShortTerm |
| Dec 17, 2024 | $3.747 | CapitalGainLongTerm |
| Oct 04, 2024 | $0.045 | OrdinaryDividend |
| Apr 04, 2024 | $0.045 | OrdinaryDividend |
| Dec 27, 2023 | $0.043 | OrdinaryDividend |
| Dec 14, 2023 | $2.534 | CapitalGainLongTerm |
| Oct 04, 2023 | $0.047 | OrdinaryDividend |
| Jul 05, 2023 | $0.042 | OrdinaryDividend |
| Apr 04, 2023 | $0.052 | OrdinaryDividend |
| Dec 28, 2022 | $0.043 | OrdinaryDividend |
| Dec 15, 2022 | $1.084 | CapitalGainLongTerm |
| Oct 05, 2022 | $0.042 | OrdinaryDividend |
| Jul 06, 2022 | $0.039 | OrdinaryDividend |
| Apr 05, 2022 | $0.045 | OrdinaryDividend |
| Dec 29, 2021 | $0.075 | OrdinaryDividend |
| Dec 15, 2021 | $0.784 | OrdinaryDividend |
| Oct 04, 2021 | $0.033 | OrdinaryDividend |
| Jul 06, 2021 | $0.047 | OrdinaryDividend |
| Apr 05, 2021 | $0.056 | OrdinaryDividend |
| Dec 29, 2020 | $0.058 | OrdinaryDividend |
| Dec 10, 2020 | $0.130 | CapitalGainLongTerm |
| Oct 05, 2020 | $0.042 | OrdinaryDividend |
| Apr 06, 2020 | $0.105 | OrdinaryDividend |
| Dec 27, 2019 | $0.059 | OrdinaryDividend |
| Dec 12, 2019 | $0.416 | CapitalGainLongTerm |
| Jul 08, 2019 | $0.062 | OrdinaryDividend |
| Apr 08, 2019 | $0.062 | OrdinaryDividend |
| Dec 27, 2018 | $0.094 | OrdinaryDividend |
| Dec 13, 2018 | $0.487 | CapitalGainLongTerm |
| Oct 03, 2018 | $0.053 | OrdinaryDividend |
| Jul 06, 2018 | $0.049 | OrdinaryDividend |
| Apr 05, 2018 | $0.055 | OrdinaryDividend |
| Dec 27, 2017 | $0.064 | OrdinaryDividend |
| Dec 13, 2017 | $0.426 | CapitalGainLongTerm |
| Oct 04, 2017 | $0.056 | OrdinaryDividend |
| Jul 06, 2017 | $0.061 | OrdinaryDividend |
| Apr 06, 2017 | $0.058 | OrdinaryDividend |
| Dec 28, 2016 | $0.064 | OrdinaryDividend |
| Dec 14, 2016 | $0.385 | CapitalGainLongTerm |
| Oct 05, 2016 | $0.048 | OrdinaryDividend |
| Jul 06, 2016 | $0.050 | OrdinaryDividend |
| Apr 06, 2016 | $0.064 | OrdinaryDividend |
| Dec 29, 2015 | $0.052 | OrdinaryDividend |
| Dec 10, 2015 | $0.561 | CapitalGainLongTerm |
| Oct 02, 2015 | $0.048 | OrdinaryDividend |
| Jul 07, 2015 | $0.043 | OrdinaryDividend |
| Apr 01, 2015 | $0.057 | OrdinaryDividend |
| Dec 29, 2014 | $0.052 | OrdinaryDividend |
| Dec 09, 2014 | $0.057 | CapitalGainShortTerm |
| Dec 09, 2014 | $0.846 | CapitalGainLongTerm |
| Oct 02, 2014 | $0.048 | OrdinaryDividend |
| Jul 02, 2014 | $0.052 | OrdinaryDividend |
| Mar 27, 2014 | $0.042 | OrdinaryDividend |
| Dec 27, 2013 | $0.043 | OrdinaryDividend |
| Dec 10, 2013 | $0.083 | CapitalGainShortTerm |
| Dec 10, 2013 | $0.426 | CapitalGainLongTerm |
| Oct 02, 2013 | $0.048 | OrdinaryDividend |
| Jul 02, 2013 | $0.054 | OrdinaryDividend |
| Mar 26, 2013 | $0.043 | OrdinaryDividend |
| Dec 27, 2012 | $0.073 | OrdinaryDividend |
| Dec 11, 2012 | $0.045 | CapitalGainShortTerm |
| Dec 11, 2012 | $0.286 | CapitalGainLongTerm |
| Oct 02, 2012 | $0.050 | OrdinaryDividend |
| Jul 03, 2012 | $0.045 | OrdinaryDividend |
| Mar 23, 2012 | $0.039 | OrdinaryDividend |
| Dec 28, 2011 | $0.041 | OrdinaryDividend |
| Dec 06, 2011 | $0.009 | CapitalGainShortTerm |
| Dec 06, 2011 | $0.376 | CapitalGainLongTerm |
| Oct 04, 2011 | $0.036 | OrdinaryDividend |
| Jul 05, 2011 | $0.033 | OrdinaryDividend |
| Mar 29, 2011 | $0.033 | OrdinaryDividend |
| Dec 29, 2010 | $0.039 | OrdinaryDividend |
| Oct 04, 2010 | $0.026 | OrdinaryDividend |
| Jul 02, 2010 | $0.030 | OrdinaryDividend |
| Mar 29, 2010 | $0.026 | OrdinaryDividend |
| Dec 29, 2009 | $0.039 | OrdinaryDividend |
| Oct 02, 2009 | $0.029 | OrdinaryDividend |
| Jul 02, 2009 | $0.033 | OrdinaryDividend |
| Mar 27, 2009 | $0.026 | OrdinaryDividend |
| Dec 29, 2008 | $0.028 | OrdinaryDividend |
| Oct 02, 2008 | $0.035 | OrdinaryDividend |
| Jul 02, 2008 | $0.026 | OrdinaryDividend |
| Mar 27, 2008 | $0.024 | OrdinaryDividend |
| Dec 27, 2007 | $0.008 | OrdinaryDividend |
TMMAX - Fund Manager Analysis
Managers
Harindra de Silva
Start Date
Tenure
Tenure Rank
Dec 20, 2007
14.45
14.5%
Harindra (Harin) de Silva is a portfolio manager for the Systematic Edge team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Before WFAM, Harin was a principal at Analysis Group, Inc., where he was responsible for providing economic research services to institutional investors, including investment managers, large pension funds, and endowments. He focuses on the ongoing research effort for equity and factor-based asset allocation strategies. Harin earned a bachelor’s degree in mechanical engineering from the University of Manchester Institute of Science and Technology, a master’s degree in business administration with an emphasis in finance, a master’s degree in econometrics from the University of Rochester, and a Ph.D. in finance from the University of California, Irvine. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation.
Thomas Seto
Start Date
Tenure
Tenure Rank
Dec 20, 2007
14.45
14.5%
Thomas is responsible for all portfolio management and trading related to our equity strategies. Prior to joining Parametric in 1998, Thomas served as the head of US Equity Index investments at Barclays Global Investors. He earned an MBA in finance from the University of Chicago Booth School of Business and a BS in electrical engineering from the University of Washington.
Ryan Brown
Start Date
Tenure
Tenure Rank
Dec 31, 2007
14.42
14.4%
Ryan Brown is a portfolio manager for the Systematic Edge team at Allspring Global Investments. He is responsible for the day-to-day portfolio management and trading for U.S. equity-based investment strategies and contributes to the ongoing research efforts of these strategies. Ryan joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to WFAM, Ryan worked for Beekman Capital Management, where he was responsible for selecting stocks within the financial services sector. Ryan earned a bachelor’s degree in economics from Brigham Young University and a master’s degree in finance from the University of Utah. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation.
Puneet Mansharamani
Start Date
Tenure
Tenure Rank
Dec 03, 2010
11.5
11.5%
Puneet Mansharamani, CFA, is a Partner, Portfolio Manager and Quantitative Analyst of LSV. Mr. Mansharamani has more than 14 years of investment experience. At LSV, Mr. Mansharamani is part of our quantitative and implementation team, which is responsible for the day-to-day data management, portfolio implementation and ongoing enhancement of our models and systems. Prior to joining LSV, Mr. Mansharamani was an Analyst at Institutional Trust National City Corporation. His responsibilities included project management, systems development and designing financial and analytical applications fo
Josef Lakonishok
Start Date
Tenure
Tenure Rank
Dec 03, 2010
11.5
11.5%
Dr. Lakonishok joined LSV in 1994, where he currently serves as Chief Executive Officer, Chief Investment Officer, Partner and Portfolio Manager Dr. Lakonishok has more than 30 years of investment and research experience. Dr. Lakonishok was, until 2004, the William G. Karnes Professor of Finance at the College of Commerce & Business Administration at the University of Illinois at Urbana-Champaign. Before that, he held staff and visiting professorships at Tel Aviv University, Cornell University, the University of North Carolina at Chapel Hill, and the University of British Columbia.
Paul Bouchey
Start Date
Tenure
Tenure Rank
Oct 14, 2014
7.63
7.6%
Paul leads Parametric’s research and development activities across all strategies. He has authored numerous academic and practitioner articles in publications such as the Journal of Portfolio Management, the Journal of Wealth Management, and the Journal of Index Investing. Paul earned a BA in mathematics and physics from Whitman College and an MS in computational finance and risk management from the University of Washington. A CFA charterholder, he is a member of the CFA Society of Seattle.
Greg Sleight
Start Date
Tenure
Tenure Rank
Oct 14, 2014
7.63
7.6%
Greg Sleight is a Partner, Portfolio Manager and Quantitative Analyst of LSV. At LSV, Mr. Sleight is part of our quantitative and implementation team, which is responsible for the day-to-day data management, portfolio implementation and ongoing enhancement of our models and systems. Mr. Sleight received a B.S. in Material Science & Engineering from the University of Illinois in 2000 and an M.B.A. in Econometrics, Economics & Analytic Finance from the University of Chicago in 2006.
Jason Karceski
Start Date
Tenure
Tenure Rank
Oct 14, 2014
7.63
7.6%
Jason Karceski, Ph.D., has served as a Senior Research Analyst of LSV since 2009, a partner since 2012 and portfolio manager since 2014.
Guy Lakonishok
Start Date
Tenure
Tenure Rank
Oct 14, 2014
7.63
7.6%
Guy Lakonishok, CFA is a Partner, Portfolio Manager and Quantitative Analyst at LSV. Prior to joining LSV, Mr. Lakonishok was a Vice President in the Quantitative Equity group at BlackRock. His responsibilities included research, portfolio implementation, system development and performance attribution. Prior to this experience, Mr. Lakonishok was an analyst in the Quantitative Equity group at Weiss, Peck, and Greer, where he was responsible for developing portfolio analytics and assisting in the day-to-day management of the portfolios. Mr. Lakonishok received a B.S. in Applied Science with
Dante D'Orazio
Start Date
Tenure
Tenure Rank
Jan 31, 2022
0.33
0.3%
Dante D’Orazio, CFA, is a Partner and Portfolio Manager who developed the firm’s price driven model currently utilized in both the U.S. and Japanese markets. Mr. D’Orazio makes major contributions to the overall portfolio risk and asset allocation among all models. He has extensive experience in modeling equities, bonds, and options that dates back to 1986. Mr. D’Orazio joined Double Alpha in July 1997. From 1995 to 1997, Mr. D’Orazio specialized in Corporate Bonds and credit curve analysis at Salomon Brothers’ Fixed Income Strategy Group. In 1986, Mr. D’Orazio was responsible for the development of equity derivative models, trading strategies, and risk management at New Windsor Associates. Mr. D’Orazio received a BS in Computer Science with concentration in Finance from Brooklyn College. In 1995 he received the CFA charter.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.13 | 86.59 | 8.32 | 6.71 |