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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$7.79

$680 M

3.73%

$0.29

2.20%

Vitals

YTD Return

2.2%

1 yr return

3.5%

3 Yr Avg Return

5.1%

5 Yr Avg Return

3.9%

Net Assets

$680 M

Holdings in Top 10

61.6%

52 WEEK LOW AND HIGH

$7.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.20%

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 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$7.79

$680 M

3.73%

$0.29

2.20%

SIFAX - Profile

Distributions

  • YTD Total Return 2.2%
  • 3 Yr Annualized Total Return 5.1%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.84%
DIVIDENDS
  • Dividend Yield 3.7%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    SIMT MULTI-ASSET INFLATION MANAGED FUND
  • Fund Family Name
    SEI Funds
  • Inception Date
    Apr 09, 2012
  • Shares Outstanding
    98032672
  • Share Class
    F
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Steven Treftz

Fund Description

Under normal circumstances, the Fund will seek to generate "real return" (i.e., total returns that exceed the rate of inflation over a full market cycle, regardless of market conditions) by selecting investments from among a broad range of asset classes, including fixed income and equity securities and commodity investments. The asset classes used and the Fund's allocations among asset classes will be determined based on SEI Investments Management Corporation's (SIMC's) or the sub-advisers' (each, a Sub-Adviser and collectively, the Sub-Advisers) views of fundamental, technical or valuation measures. The Fund's allocations among asset classes may be adjusted over short periods of time. At any point in time, the Fund may be diversified across many asset classes or concentrated in a limited number of asset classes. The Fund may obtain its exposures to the asset classes by investing directly in securities and other investments or indirectly through the use of other pooled investment vehicles and derivative instruments.

The Fund uses a multi-manager approach under the general supervision of SIMC, allocating its assets among one or more Sub-Advisers using different investment strategies. SIMC may also directly manage a portion of the Fund's portfolio.

Equity securities may include common or preferred stocks, warrants, rights, depositary receipts, equity-linked securities and other equity interests. The Fund may invest in securities of issuers of any market capitalization and may invest in both foreign and domestic equity securities. In addition to direct investment in securities and other instruments, the Fund may invest in affiliated and unaffiliated funds, including open-end funds, closed-end funds and exchange-traded funds (ETFs). The Fund may also invest in real estate investment trusts (REITs) and U.S. and non-U.S. real estate companies.

In addition to direct investment in securities and other instruments, the Fund may invest in affiliated and unaffiliated funds, subject to the limitations of the Investment Company Act of 1940, as amended (1940 Act). Such investment may include open-end funds, money market funds, closed-end funds and ETFs (including leveraged and inverse ETFs). The Fund may also invest in REITs and securities issued by U.S. and non-U.S. real estate companies.

The Fund may invest in fixed income securities that are investment or non-investment grade (also known as junk bonds), U.S.- or foreign-issued (including emerging markets), and corporate- or government-issued. The Fund may invest in a wide range of fixed income investments, including obligations of U.S. and foreign commercial banks, such as certificates of deposit, time deposits, bankers' acceptances and bank notes, obligations of foreign governments, U.S. and foreign corporate debt securities, including commercial paper, and fully collateralized repurchase and reverse repurchase agreements with highly rated counterparties (those rated A or better) and securitized issues such as mortgage-backed securities, asset-backed securities, commercial mortgage-backed securities and collateralized debt obligations (CDOs). The Fund's fixed income investments may also include U.S. Treasury obligations, obligations issued by agencies or instrumentalities of the U.S. Government (including obligations not guaranteed by the U.S. Treasury), such as obligations issued by U.S. Government sponsored entities, Treasury Inflation Protected Securities (TIPS) and other inflation-linked

debt securities, and municipal bonds and debentures. The Fund may invest in fixed, variable and floating rate fixed income instruments. The Fund's portfolio and the Fund's investments in particular fixed income securities are not subject to any maturity or duration restrictions. The Fund may also enter into repurchase or reverse repurchase agreements with respect to its investment in the fixed income securities listed above and may use the cash received to enter into a short position on U.S. Treasury bonds.

A portion of the Fund's assets may also be invested in commodity investments to provide exposure to the investment returns of the commodities markets. Commodity investments include notes with interest payments that are tied to an underlying commodity or commodity index, ETFs or other exchange-traded products that are tied to the performance of a commodity or commodity index or other types of investment vehicles or instruments that provide returns that are tied to commodities or commodity indexes. The Fund may also invest in equity securities of issuers in commodity-related industries.

The Fund may also seek to gain exposure to the commodity markets, in whole or in part, through investments in a wholly owned subsidiary of the Fund organized under the laws of the Cayman Islands (Subsidiary). The Subsidiary, unlike the Fund, may invest to a significant extent in commodities, commodity contracts and commodity investments (including through derivative instruments). The Subsidiary may also invest in other instruments in which the Fund is permitted to invest, either as investments or to serve as margin or collateral for its derivative positions. The Fund may invest up to 25% of its total assets in the Subsidiary. The Subsidiary is advised by SIMC.

The Fund, either directly or through its investment in the Subsidiary, may also purchase or sell futures contracts, options, forward contracts and swaps to obtain the Fund's desired exposure to an asset class or for return enhancement or hedging purposes. Interest rate futures contracts are primarily used to hedge interest rate risk in the Fund's U.S. bond holdings. Commodity futures contracts are primarily used to obtain exposure to a diversified set of commodity markets. Interest rate swaps and swaps on indexes may further be used to manage the Fund's interest rate risk or may be used to manage the inflation-adjusted return of the Fund. The Fund may buy credit default swaps in an attempt to manage credit risk where the Fund has credit exposure to an issuer, and the Fund may sell credit default swaps to more efficiently gain credit exposure to a security or basket of securities. Options may be used to gain exposure to or hedge exposures in the equity and commodity markets. Foreign currency forward rate agreements may be used to hedge all or a portion of the currency risk resulting from investments in non-U.S. equity and fixed income securities.

The Fund may invest in U.S. dollar and non-U.S. dollar denominated securities. The Sub-Advisers may also seek to enhance the Fund's return by actively managing the Fund's foreign currency exposure. In managing the Fund's currency exposure, the Sub-Advisers may buy and sell currencies (i.e., take long or short positions) using futures and foreign currency forward contracts. The Fund may take long and short positions in foreign currencies in excess of the value of the Fund's assets denominated in a particular currency or when the Fund does not own assets denominated in that currency. The Fund may also engage in currency transactions in an attempt to take advantage of certain inefficiencies in the currency exchange market, to increase its exposure to a foreign currency or to shift exposure to foreign currency fluctuations from one currency to another. In managing the Fund's currency exposure from foreign securities, the Sub-Advisers may buy and sell currencies for hedging or for speculative purposes.

The Sub-Advisers may engage in short sales in an attempt to capitalize on equity securities that it believes will underperform the market or their peers. When a Sub-Adviser sells securities short, it may invest the proceeds from the short sales in an attempt to enhance returns. This strategy may effectively result in the Fund having a leveraged investment portfolio, which results in greater potential for loss.

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SIFAX - Performance

Return Ranking - Trailing

Period SIFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -1.5% 5.1% 16.80%
1 Yr 3.5% -7.6% 14.2% 92.80%
3 Yr 5.1%* -9.4% 5.6% 2.46%
5 Yr 3.9%* -8.5% 5.9% 6.09%
10 Yr 1.1%* -2.2% 4.0% 96.51%

* Annualized

Return Ranking - Calendar

Period SIFAX Return Category Return Low Category Return High Rank in Category (%)
2023 -5.3% -6.5% 9.5% 96.80%
2022 -3.0% -24.6% -1.5% 1.63%
2021 2.7% -8.5% 3.8% 2.46%
2020 -3.0% -16.2% 11.1% 97.48%
2019 4.1% 3.0% 10.7% 98.26%

Total Return Ranking - Trailing

Period SIFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -1.5% 5.1% 16.80%
1 Yr 3.5% -7.6% 14.2% 92.80%
3 Yr 5.1%* -9.4% 5.6% 2.46%
5 Yr 3.9%* -8.5% 5.9% 6.09%
10 Yr 1.1%* -2.2% 4.0% 96.51%

* Annualized

Total Return Ranking - Calendar

Period SIFAX Return Category Return Low Category Return High Rank in Category (%)
2023 -1.7% -5.6% 13.3% 96.80%
2022 8.5% -22.6% 8.8% 1.63%
2021 10.8% -8.5% 13.8% 4.10%
2020 -1.6% -13.7% 13.5% 98.32%
2019 5.7% 5.7% 18.4% 100.00%

NAV & Total Return History


SIFAX - Holdings

Concentration Analysis

SIFAX Category Low Category High SIFAX % Rank
Net Assets 680 M 8.81 M 5.24 B 32.00%
Number of Holdings 1519 2 2856 6.40%
Net Assets in Top 10 399 M 9.14 M 5.27 B 32.80%
Weighting of Top 10 61.59% 10.9% 102.4% 91.20%

Top 10 Holdings

  1. U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/8% 07/15/2027 23.00%
  2. UST 0.125 07/15/2024 11.38%
  3. U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 07/15/2026 11.02%
  4. U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/4% 07/15/2028 6.41%
  5. US 5YR NOTE (CBT) MAR24 FINANCIAL COMMODITY FUTURE. 2.77%
  6. GOLD 100 OZ FUTR APR24 PHYSICAL COMMODITY FUTURE. 1.81%
  7. EXXON MOBIL CORP COMMON STOCK 1.51%
  8. TREASURY BILL 0.000000% 01/11/2024 1.23%
  9. TREASURY BILL 0.000000% 01/16/2024 1.23%
  10. TREASURY BILL 0.000000% 02/22/2024 1.23%

Asset Allocation

Weighting Return Low Return High SIFAX % Rank
Bonds
87.27% 0.00% 162.82% 7.20%
Stocks
15.69% 0.00% 103.14% 85.60%
Other
2.34% -79.08% 39.28% 4.80%
Convertible Bonds
0.94% 0.00% 3.97% 67.20%
Cash
0.00% 0.00% 73.32% 84.80%
Preferred Stocks
0.00% 0.00% 1.20% 78.40%

Stock Sector Breakdown

Weighting Return Low Return High SIFAX % Rank
Energy
27.98% 0.00% 27.98% 1.60%
Consumer Defense
22.77% 0.00% 22.77% 1.60%
Healthcare
19.76% 0.00% 19.76% 1.60%
Real Estate
9.19% 0.00% 78.69% 24.00%
Communication Services
8.33% 0.00% 11.71% 22.40%
Technology
5.41% 0.00% 25.62% 94.40%
Utilities
4.96% 0.00% 91.26% 15.20%
Financial Services
1.10% 0.00% 20.10% 96.80%
Industrials
0.26% 0.00% 29.86% 97.60%
Basic Materials
0.13% 0.00% 8.62% 94.40%
Consumer Cyclical
0.12% 0.00% 12.36% 97.60%

Stock Geographic Breakdown

Weighting Return Low Return High SIFAX % Rank
US
15.69% 0.00% 103.14% 82.40%
Non US
0.00% 0.00% 14.08% 82.40%

Bond Sector Breakdown

Weighting Return Low Return High SIFAX % Rank
Government
62.10% 0.00% 62.10% 1.60%
Derivative
20.63% -0.77% 39.28% 7.20%
Corporate
10.28% 0.00% 73.91% 95.20%
Securitized
9.89% 0.00% 61.25% 86.40%
Municipal
0.18% 0.00% 7.45% 42.40%
Cash & Equivalents
0.00% 0.00% 73.04% 65.60%

Bond Geographic Breakdown

Weighting Return Low Return High SIFAX % Rank
US
86.82% 0.00% 162.82% 5.60%
Non US
0.44% 0.00% 22.08% 15.20%

SIFAX - Expenses

Operational Fees

SIFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.20% 0.11% 6.36% 7.20%
Management Fee 0.55% 0.00% 1.25% 90.40%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% 91.38%

Sales Fees

SIFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

SIFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 100.00%

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.

SIFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 6.00% 318.00% 45.71%

SIFAX - Distributions

Dividend Yield Analysis

SIFAX Category Low Category High SIFAX % Rank
Dividend Yield 3.73% 0.00% 5.07% 20.00%

Dividend Distribution Analysis

SIFAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual SemiAnnual Monthly Monthly

Net Income Ratio Analysis

SIFAX Category Low Category High SIFAX % Rank
Net Income Ratio 2.84% -1.30% 3.99% 8.13%

Capital Gain Distribution Analysis

SIFAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

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SIFAX - Fund Manager Analysis

Managers

Steven Treftz


Start Date

Tenure

Tenure Rank

Dec 31, 2012

9.42

9.4%

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.

Russell Shtern


Start Date

Tenure

Tenure Rank

Jan 31, 2014

8.33

8.3%

Mr. Shtern, CFA, is a Portfolio Manager at QS Investors and has been the head of equity portfolio management implementation at QS since 2010. Mr. Shtern was formerly a portfolio manager for Diversification Based Investing Equity and Tax Managed Equity for Deutsche Asset Management’s Quantitative Strategies Group, from 2003 to 2010. Prior to this, he spent three years at Deutsche Bank Securities supporting equity derivatives and global program trading desks. He has a B.B.A. from Pace University.

James Smigiel


Start Date

Tenure

Tenure Rank

Dec 31, 2018

3.42

3.4%

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.

Jacqueline Hurley


Start Date

Tenure

Tenure Rank

Dec 31, 2018

3.42

3.4%

Jacqueline Hurley, CFA, Portfolio Manager, has been in this role since 2010. Ms. Hurley was formerly at Deutsche Asset Management from 2008 to 2010. Prior to joining Deutsche Asset Management, Ms. Hurley had four years of experience as a consultant at Bearing Point and Accenture.

Michael Canter


Start Date

Tenure

Tenure Rank

Dec 31, 2019

2.42

2.4%

Director—Securitized Assets and US Multi-Sector Michael Canter is a Senior Vice President and Director of Securitized Assets and US Multi-Sector Fixed Income at AB, heading the portfolio-management teams for these strategies. His focus includes his role as the Chief Investment Officer of AB’s Securitized Assets Fund. Canter’s team is responsible for AB’s investments in agency mortgage-backed securities, credit risk–transfer securities, non-agency residential mortgage-backed securities, commercial mortgage-backed securities, collateralized loan obligations and other asset-backed securities. He has particularly extensive expertise in residential mortgages. In 2009, AB was selected by the US Department of the Treasury to manage one of nine Legacy Securities Public-Private Investment Program funds; Canter was the CIO of that AB-managed fund. In addition, he was called upon to give expert testimony to the US Senate Committee on Banking, Housing, and Urban Affairs in 2013 and the US House of Representatives Subcommittee on Housing and Insurance in 2017 on how US housing policy should be structured going forward. Prior to joining AB, Canter was the president of ACE Principal Finance, a division of ACE Limited (now Chubb). There, he managed portfolios of credit default swaps, asset-backed securities, mortgage-backed securities and collateralized debt obligations. Canter holds a BA in math and economics from Northwestern University and a PhD in finance from the Columbia University Graduate School of Business. Location: New York

Janaki Rao


Start Date

Tenure

Tenure Rank

Dec 31, 2019

2.42

2.4%

Portfolio Manager and Head—Agency Mortgage-Backed Securities Research Janaki Rao is a Senior Vice President, Portfolio Manager and Head of Agency Mortgage-Backed Securities Research, where he oversees agency mortgage-backed securities (MBS) research, including fundamental and relative-value research. He brings decades of experience to AB, with a focus on MBS and US interest-rate strategies. Before joining the firm, Rao spent seven years in the US Interest Rate Strategy Group at Morgan Stanley, where he was responsible for covering the agency MBS market, including publishing for the flagship weekly publication, and generating ad hoc reports on breaking news, in-depth analysis of emerging trends and product primers. He also engaged with policymakers on various issues related to housing finance. Prior to joining Morgan Stanley, Rao ran the advance pricing, debt and derivatives trading desk at the Federal Home Loan Bank of New York. He holds a BA in economics from Delhi University and an MBA in finance from the Zicklin School of Business at Baruch College. Location: New York

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 26.96 6.45 12.09