SEI Asset Allocation Trust Conservative Strategy Allocation Fund (SMGAX)

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SEI Asset Allocation Trust Conservative Strategy Allocation Fund (SMGAX) is up 3.6% since the beginning of the year. SMGAX is currently trading at $12 per share. Investors who bought $1,000 worth of SMGAX shares 5 years ago would now be looking at an investment worth $1,319.

SEI Asset Allocation Trust Conservative Strategy Allocation Fund (SMGAX) has returned 3.58% so far this year and 7.45% over the past 12 months. Over the last ten years, SMGAX has returned 6.53% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Jan 2, 2004, SMGAX's average daily return is +0.03%, while the average monthly return is +0.50%. At this rate, an investment would double in approximately 11.6 years.

Historically, 67% of months were positive and 33% were negative. The best month was Apr 2009 with a return of +13.0%, while the worst month was Mar 2005 at -36.0%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.

On a daily basis, SMGAX closed higher 51% of trading days. The best single day was Oct 2, 2008 with a return of +23.8%, while the worst single day was Mar 29, 2005 at -35.9%.

SEI Asset Allocation Trust Conservative Strategy Allocation Fund has an annualized alpha of 0.67%, beta of 0.55, and R2 of 0.43 versus S&P 500 Index. Calculated based on daily prices since January 05, 2004.

• This fund participated in 76.48% of S&P 500 Index downside but only 63.15% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.55 may look defensive, but with R2 of 0.43 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.43 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

SMGAX has an expense ratio of 0.35%, placing it in the medium range.

SMGAX ranks 32 for risk / return — below 32% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for SEI Asset Allocation Trust Conservative Strategy Allocation Fund (SMGAX) and compare them to S&P 500 Index.

SEI Asset Allocation Trust Conservative Strategy Allocation Fund provided a 8.90% dividend yield over the last twelve months, with an annual payout of $1.07 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for SEI Asset Allocation Trust Conservative Strategy Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the SEI Asset Allocation Trust Conservative Strategy Allocation Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the SEI Asset Allocation Trust Conservative Strategy Allocation Fund was 56.10%, occurring on Mar 9, 2009. Recovery took 760 trading sessions.

The current SEI Asset Allocation Trust Conservative Strategy Allocation Fund drawdown is 0.41%.

The chart below shows the rolling one-month volatility.