TMMAX: SEI Tax-Managed Mgd Volatility F (SIMT)

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TMMAX SEI Tax-Managed Mgd Volatility F (SIMT)


Profile

TMMAX - Profile

Vitals

  • YTD Return -18.7%
  • 3 Yr Annualized Return -1.7%
  • 5 Yr Annualized Return 0.2%
  • Net Assets $1.02 B
  • Holdings in Top 10 18.3%

52 WEEK LOW AND HIGH

$14.61
$12.38
$18.59

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.23%

SALES FEES

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

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return -18.7%
  • 3 Yr Annualized Total Return -1.7%
  • 5 Yr Annualized Total Return 0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.31%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund
  • Fund Family Name
    SEI
  • Inception Date
    Dec 20, 2007
  • Shares Outstanding
    57161995
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Harindra de Silva

Fund Description

The fund will typically invest in securities of U.S. companies of all capitalization ranges. These securities may include common stocks, preferred stocks, warrants and ETFs. It may also, to a lesser extent, invest in American Depositary Receipts (ADRs), real estate investment trusts (REITs), and securities of non-U.S. companies.


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Categories

Performance

TMMAX - Performance

Return Ranking - Trailing

Period TMMAX Return Category Return Low Category Return High Rank in Category (%)
YTD -18.7% -55.1% 1.0% 5.79%
1 Yr -12.0% -53.2% 21.3% 7.12%
3 Yr -1.7%* -27.5% 12.8% 7.67%
5 Yr 0.2%* -25.0% 8.9% 9.73%
10 Yr 5.0%* -16.2% 17.6% 9.07%

* Annualized

Return Ranking - Calendar

Period TMMAX Return Category Return Low Category Return High Rank in Category (%)
2019 19.5% -32.1% 48.5% 45.00%
2018 -7.2% -62.4% 16.7% 2.01%
2017 10.6% -16.4% 22.0% 38.56%
2016 7.3% -27.9% 31.0% 78.52%
2015 -3.2% -43.1% 1.3% 5.82%

Total Return Ranking - Trailing

Period TMMAX Return Category Return Low Category Return High Rank in Category (%)
YTD -18.7% -55.1% 1.0% 5.79%
1 Yr -12.0% -53.2% 21.3% 7.12%
3 Yr -1.7%* -27.4% 12.8% 18.38%
5 Yr 0.2%* -17.4% 8.9% 33.70%
10 Yr 5.0%* -7.6% 17.6% 54.26%

* Annualized

Total Return Ranking - Calendar

Period TMMAX Return Category Return Low Category Return High Rank in Category (%)
2019 19.5% -32.1% 48.5% 45.10%
2018 -7.2% -37.1% 17.4% 13.87%
2017 10.6% -9.5% 25.7% 80.02%
2016 7.3% -27.9% 32.2% 93.25%
2015 -3.2% -28.9% 3.9% 29.12%

NAV & Total Return History


Holdings

TMMAX - Holdings

Concentration Analysis

TMMAX Category Low Category High TMMAX % Rank
Net Assets 1.02 B 1.02 M 80.6 B 40.89%
Number of Holdings 206 1 1196 9.92%
Net Assets in Top 10 187 M 86.3 K 24.7 B 52.31%
Weighting of Top 10 18.25% 6.3% 186.4% 95.82%

Top 10 Holdings

  1. Walmart Inc 2.36%
  2. Johnson & Johnson 2.29%
  3. Apple Inc 2.02%
  4. Pfizer Inc 1.95%
  5. Verizon Communications Inc 1.86%
  6. Merck & Co Inc 1.85%
  7. Intel Corp 1.66%
  8. Waste Management Inc 1.43%
  9. Motorola Solutions Inc 1.42%
  10. Amdocs Ltd 1.41%

Asset Allocation

Weighting Return Low Return High TMMAX % Rank
Stocks
98.12% 83.89% 141.55% 60.34%
Cash
1.88% -104.41% 15.60% 35.98%
Preferred Stocks
0.00% 0.00% 7.57% 60.43%
Other
0.00% -2.51% 30.06% 60.62%
Convertible Bonds
0.00% -0.01% 6.53% 58.55%
Bonds
0.00% -0.15% 71.79% 59.87%

Stock Sector Breakdown

Weighting Return Low Return High TMMAX % Rank
Financial Services
15.60% 0.00% 61.45% 85.92%
Healthcare
15.18% 0.00% 35.11% 33.21%
Technology
13.87% 0.00% 27.03% 18.74%
Utilities
12.77% 0.00% 44.63% 2.95%
Consumer Defense
12.57% 0.00% 32.31% 9.04%
Industrials
10.60% 0.00% 40.34% 39.49%
Consumer Cyclical
6.35% 0.00% 28.45% 52.33%
Communication Services
5.93% 0.00% 25.48% 61.75%
Real Estate
4.39% 0.00% 20.28% 34.63%
Energy
1.46% 0.00% 19.35% 98.29%
Basic Materials
1.27% 0.00% 23.37% 83.44%

Stock Geographic Breakdown

Weighting Return Low Return High TMMAX % Rank
US
93.67% 80.38% 139.76% 47.59%
Non US
4.45% 0.00% 18.95% 46.74%

Expenses

TMMAX - Expenses

Operational Fees

TMMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.23% 0.00% 27.58% 35.78%
Management Fee 0.65% 0.00% 1.50% 65.06%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.30% 0.01% 0.50% 90.19%

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 1.00% 5.50% 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% 431.00% 22.05%

Distributions

TMMAX - Distributions

Dividend Yield Analysis

TMMAX Category Low Category High TMMAX % Rank
Dividend Yield 0.42% 0.00% 10.43% 7.46%

Dividend Distribution Analysis

TMMAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Quarterly

Net Income Ratio Analysis

TMMAX Category Low Category High TMMAX % Rank
Net Income Ratio 1.31% -0.33% 4.13% 75.19%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

TMMAX - Fund Manager Analysis

Managers

Harindra de Silva


Start Date

Tenure

Tenure Rank

Dec 20, 2007

12.2

12.2%

Harindra (“Harin”) de Silva is president and portfolio manager for the Wells Fargo Asset Management (WFAM) Analytic Investors team. Harin focuses on the ongoing research effort for equity and factor-based asset allocation strategies. He joined Analytic Investors in 1995. Prior to joining Analytic Investors, 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.

Thomas Seto


Start Date

Tenure

Tenure Rank

Dec 20, 2007

12.2

12.2%

Thomas is responsible for all portfolio management and trading related to our equity strategies and is a member of the Enterprise Management Committee. 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.

Puneet Mansharamani


Start Date

Tenure

Tenure Rank

Dec 03, 2010

9.25

9.3%

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 for the Worldwide Web. Prior to this experience, Mr. Mansharamani was a Systems Consultant for Maximations, Inc. where he was responsible for systems development and programming Mainframe and databases used to calculate revenue streams as well as executive reporting. Mr. Mansharamani was also a Systems Analyst for Case Western Reserve University. Mr. Mansharamani earned a B.S. in Engineering from Delhi University, Delhi College of Engineering in 1995 and an M.S. in Engineering at Case Western Reserve University, Case School of Engineering (2001).

Josef Lakonishok


Start Date

Tenure

Tenure Rank

Dec 03, 2010

9.25

9.3%

Josef Lakonishok is a Founding Partner, CEO and CIO of LSV Asset Management. 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. Dr. Lakonishok is one of the top contributors to major financial journals

Ryan Brown


Start Date

Tenure

Tenure Rank

Dec 31, 2010

9.17

9.2%

Ryan Brown is a portfolio manager for the Analytic Investors team at Wells Fargo Asset Management (WFAM). He is responsible for the day-to-day portfolio management and trading for U.S. equity-based investment strategies. Ryan also contributes to the ongoing research efforts of these strategies. Prior to joining Analytic Investors in 2007, Ryan worked for Beekman Capital Management, in Santa Fe, New Mexico, where he was responsible for selecting stocks within the financial services sector.

Eugene Barbaneagra


Start Date

Tenure

Tenure Rank

Dec 31, 2010

9.17

9.2%

Eugene Barbaneagra, CFA, serves as a portfolio manager. He is responsible for portfolio strategy of U.K., European, Managed Volatility and Global Equity funds. His preceding roles included researching European equity managers, fixed income analysis, enhancement of portfolio construction techniques, and development of performance attribution tools. His work has also involved research and analysis of alpha sources, asset classes and financial markets.

Paul Bouchey


Start Date

Tenure

Tenure Rank

Oct 14, 2014

5.38

5.4%

Mr. Bouchey leads Parametric’s Investment, Research and Strategy activities. He is responsible for setting the overall research agenda and new product development. Prior to joining Parametric in 2006, Paul was a senior researcher at Russell Investment Group, where he focused on simulation, optimization, and quantitative decision models for institutional and private clients. He holds a patent on cross-sectional volatility indexing and has authored more than 10 academic and practitioner articles in journals such as The Journal of Portfolio Management, The Journal of Wealth Management, and The Journal of Index Investing. Paul earned a B.A. in mathematics and physics from Whitman College and an M.S. in Computational Finance and Risk Management from the University of Washington. He holds the Chartered Financial Analyst designation.

Greg Sleight


Start Date

Tenure

Tenure Rank

Oct 14, 2014

5.38

5.4%

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

5.38

5.4%

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

5.38

5.4%

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 a Major in Electrical Engineering from Washington University in St. Louis in 2000. Mr. Lakonishok also received an M.B.A from the University of Chicago - Booth School of Business in 2009, graduating with honors with a dual- concentration in Analytical Finance and Accounting.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 84.34 7.03 1.06