Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.0%
1 yr return
3.8%
3 Yr Avg Return
0.7%
5 Yr Avg Return
2.4%
Net Assets
$311 M
Holdings in Top 10
16.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.36%
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 04/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SMINX - Profile
Distributions
- YTD Total Return 0.0%
- 3 Yr Annualized Total Return 0.7%
- 5 Yr Annualized Total Return 2.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.44%
- Dividend Yield 3.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameSIMT Tax-Managed International Managed Volatility Fund
-
Fund Family NameSEI Funds
-
Inception DateOct 17, 2016
-
Shares Outstanding30173178
-
Share ClassF
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMark Birmingham
Fund Description
Under normal circumstances, the Fund will invest at least 80% of its net assets in non-U.S. equity securities. These securities may include common stocks and real estate investment trusts (REITs) of all capitalization
ranges. Under normal circumstances, the Fund will invest in securities of issuers that are located in at least three countries outside of the U.S., but will typically invest much more broadly. The Fund will invest primarily in companies located in developed countries.
The Fund seeks to construct, in a tax-sensitive manner, a portfolio of equity securities with lower volatility than the broad international developed equity markets (International Market). Each Sub-Adviser (as defined below) and SEI Investments Management Corporation, the Fund's adviser (SIMC or the Adviser), seeks to achieve lower volatility by constructing a portfolio of securities that primarily exhibit a more stable historical or predicted price and earnings behavior (i.e. absolute risk), but also take into consideration low correlation attributes and expected returns. Generally, the Fund is likely to underperform in a steeply rising International Market, but seeks to mitigate losses in a falling International Market.
The Fund expects that over the long-term, a lower volatility portfolio will provide returns similar to those of the International Market. Over shorter periods of time, however, due to its focus on absolute risk, the portfolio's country, sector and market capitalization exposures will typically vary from the International Market and it may experience significant performance deviations from the International Market.
The Fund uses a "multi-manager" approach to investing. This means that SIMC selects and oversees a number of third-party investment advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) to manage portions of the Fund's portfolio. Sub-Advisers typically have differing investment philosophies and strategies that they use in managing the portion of the Fund's assets allocated to them by SIMC. Assets of the Fund not allocated to Sub-Advisers are managed directly by SIMC.
The Fund implements the investment recommendations of the Sub-Advisers through the use of an overlay manager appointed by SIMC. Each 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, with the weighting of each 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, primarily for the purpose of tax management of the Fund's securities transactions. The overlay manager seeks to manage the impact of taxes by, among other things, selling stocks with the highest tax cost first, opportunistically harvesting losses and deferring recognition of taxable gains, where possible.
The Fund considers the security of an issuer to be "non-U.S." if the issuer is domiciled, incorporated, located and/or principally traded in a country other than the U.S. Developed market countries are those countries that are included in a developed markets index by a recognized index provider, or have similar developed characteristics, in each case determined at the time of purchase.
The Fund may purchase shares of exchange-traded funds (ETFs) to gain exposure to a particular portion of the market while awaiting an opportunity to purchase securities or other instruments directly.
SMINX - Performance
Return Ranking - Trailing
Period | SMINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.0% | -4.5% | 7.2% | 69.23% |
1 Yr | 3.8% | -4.0% | 18.3% | 83.38% |
3 Yr | 0.7%* | -6.1% | 73.5% | 82.11% |
5 Yr | 2.4%* | 0.1% | 44.2% | 95.55% |
10 Yr | N/A* | -1.0% | 21.1% | N/A |
* Annualized
Return Ranking - Calendar
Period | SMINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.2% | 1.0% | 26.9% | 82.10% |
2022 | -14.1% | -27.8% | 166.1% | 60.38% |
2021 | 4.3% | -66.6% | 64.4% | 80.83% |
2020 | -3.2% | -23.1% | 17.3% | 72.58% |
2019 | 12.3% | 4.4% | 31.6% | 76.29% |
Total Return Ranking - Trailing
Period | SMINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.0% | -4.5% | 7.2% | 69.23% |
1 Yr | 3.8% | -4.0% | 18.3% | 83.38% |
3 Yr | 0.7%* | -6.1% | 73.5% | 82.11% |
5 Yr | 2.4%* | 0.1% | 44.2% | 95.55% |
10 Yr | N/A* | -1.0% | 21.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | SMINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.9% | 5.4% | 31.0% | 88.89% |
2022 | -11.6% | -19.9% | 344.3% | 69.81% |
2021 | 7.6% | -0.2% | 75.3% | 90.42% |
2020 | -1.6% | -20.4% | 18.9% | 80.94% |
2019 | 15.5% | 11.2% | 32.1% | 80.76% |
NAV & Total Return History
SMINX - Holdings
Concentration Analysis
SMINX | Category Low | Category High | SMINX % Rank | |
---|---|---|---|---|
Net Assets | 311 M | 2.04 M | 46.7 B | 64.83% |
Number of Holdings | 415 | 2 | 3900 | 11.31% |
Net Assets in Top 10 | 50.6 M | 485 K | 14 B | 72.17% |
Weighting of Top 10 | 16.27% | 0.2% | 100.0% | 86.50% |
Top 10 Holdings
- SEI LIQUIDITY FUND 4.09%
- BAE SYSTEMS PLC COMMON STOCK 1.75%
- NOVARTIS AG-REG COMMON STOCK 1.74%
- KONINKLIJKE AHOLD DELHAIZE N COMMON STOCK 1.56%
- SANOFI COMMON STOCK 1.44%
- ORANGE COMMON STOCK 1.35%
- DEUTSCHE TELEKOM AG-REG COMMON STOCK 1.17%
- ROCHE HOLDING AG-GENUSSCHEIN COMMON STOCK 1.09%
- GSK PLC COMMON STOCK 1.06%
- JAPAN TOBACCO INC COMMON STOCK 1.03%
Asset Allocation
Weighting | Return Low | Return High | SMINX % Rank | |
---|---|---|---|---|
Stocks | 101.13% | 0.99% | 104.06% | 1.22% |
Preferred Stocks | 0.78% | 0.00% | 4.99% | 28.13% |
Other | 0.00% | -1.99% | 38.17% | 78.59% |
Convertible Bonds | 0.00% | 0.00% | 0.15% | 75.23% |
Cash | 0.00% | 0.00% | 99.01% | 97.55% |
Bonds | 0.00% | 0.00% | 73.30% | 75.84% |
Stock Sector Breakdown
Weighting | Return Low | Return High | SMINX % Rank | |
---|---|---|---|---|
Consumer Defense | 20.38% | 0.00% | 31.84% | 3.70% |
Financial Services | 14.51% | 0.00% | 42.76% | 88.89% |
Healthcare | 13.27% | 0.00% | 23.28% | 26.54% |
Communication Services | 12.53% | 0.00% | 22.75% | 5.86% |
Industrials | 10.19% | 1.03% | 36.79% | 79.63% |
Consumer Cyclical | 8.80% | 0.00% | 27.46% | 56.48% |
Utilities | 7.30% | 0.00% | 27.46% | 13.58% |
Basic Materials | 4.36% | 0.00% | 30.76% | 87.35% |
Technology | 3.75% | 0.00% | 24.16% | 78.70% |
Energy | 2.52% | 0.00% | 26.59% | 86.42% |
Real Estate | 2.38% | 0.00% | 17.06% | 33.02% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SMINX % Rank | |
---|---|---|---|---|
Non US | 95.61% | 0.00% | 100.56% | 26.91% |
US | 5.52% | 0.00% | 100.00% | 41.28% |
SMINX - Expenses
Operational Fees
SMINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.36% | 0.01% | 7.03% | 25.69% |
Management Fee | 0.65% | 0.00% | 1.25% | 39.88% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.45% | 0.03% | 0.47% | 97.78% |
Sales Fees
SMINX 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% | 5.00% | N/A |
Trading Fees
SMINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
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.
SMINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 2.00% | 158.16% | 56.12% |
SMINX - Distributions
Dividend Yield Analysis
SMINX | Category Low | Category High | SMINX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.35% | 0.00% | 13.99% | 46.63% |
Dividend Distribution Analysis
SMINX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
SMINX | Category Low | Category High | SMINX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.44% | 0.18% | 7.85% | 48.58% |
Capital Gain Distribution Analysis
SMINX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.354 | OrdinaryDividend |
Dec 29, 2022 | $0.275 | OrdinaryDividend |
Dec 30, 2021 | $0.355 | OrdinaryDividend |
Dec 30, 2020 | $0.185 | OrdinaryDividend |
Dec 30, 2019 | $0.318 | OrdinaryDividend |
Dec 28, 2018 | $0.269 | OrdinaryDividend |
Dec 28, 2017 | $0.292 | OrdinaryDividend |
Dec 29, 2016 | $0.000 | OrdinaryDividend |
SMINX - Fund Manager Analysis
Managers
Mark Birmingham
Start Date
Tenure
Tenure Rank
Oct 17, 2016
5.62
5.6%
Mark Birmingham joined Acadian in 2013 and is the Lead Portfolio Manager for Acadian's Managed Volatility strategies. Before joining Acadian, he was a vice president and quantitative analyst within the quantitative investment group at Wellington Management Co. Mark also served as director, U.S. equity sales and trading at Nomura Securities International, Inc. He earned an A.B. in computer science from Princeton University. Mark is a CFA charterholder and a member of CFA Society Boston.
Paul Bouchey
Start Date
Tenure
Tenure Rank
Oct 17, 2016
5.62
5.6%
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.
Puneet Mansharamani
Start Date
Tenure
Tenure Rank
Oct 17, 2016
5.62
5.6%
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
David Krider
Start Date
Tenure
Tenure Rank
Oct 17, 2016
5.62
5.6%
David Krider is a portfolio manager for the Systematic Edge team at Allspring Global Investments. He is responsible for the ongoing research and development of global equity-based investment strategies as well as the day-to-day trading of global portfolios. David joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to WFAM, David was founder and chief technology officer of Visualize, Inc., a firm that specializes in financial visualization and analytic software. He was a research associate at First Quadrant before leaving to start his own firm. David earned a bachelor’s degree in economics and computer science from the California Institute of Technology. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation.
Harindra de Silva
Start Date
Tenure
Tenure Rank
Oct 17, 2016
5.62
5.6%
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.
Ryan Taliaferro
Start Date
Tenure
Tenure Rank
Oct 17, 2016
5.62
5.6%
Ryan joined Acadian in 2011 and currently serves as director of equity strategies.
Greg Sleight
Start Date
Tenure
Tenure Rank
Oct 17, 2016
5.62
5.6%
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.
Guy Lakonishok
Start Date
Tenure
Tenure Rank
Oct 17, 2016
5.62
5.6%
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
Brendan Bradley
Start Date
Tenure
Tenure Rank
Dec 31, 2016
5.42
5.4%
Brendan joined Acadian in 2004 and is the firm’s Chief Investment Officer. Brendan previously served as Director of Portfolio Management, overseeing portfolio management policy, and also as the Director of Acadian’s Managed Volatility strategies. Brendan is a member of several oversight committees at Acadian, including the Board of Managers, Executive Management Team, Executive Committee, and Responsible Investing Committee. Prior to Acadian, Brendan was a vice president at Upstream Technologies, where he designed and implemented investment management systems and strategies.
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 |
---|---|---|---|
0.2 | 29.68 | 7.66 | 0.54 |