SEI Institutional Managed Trust Multi-Strategy Alternative Fund (SMSAX)

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The chart shows the growth of an initial investment of $10,000 in SEI Institutional Managed Trust Multi-Strategy Alternative Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

SEI Institutional Managed Trust Multi-Strategy Alternative Fund (SMSAX) has returned 0.80% so far this year and 12.70% over the past 12 months. Over the last ten years, SMSAX has returned 4.24% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Apr 1, 2010, SMSAX's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, your investment would double in approximately 24.1 years.

Historically, 59% of months were positive and 41% were negative. The best month was Nov 2020 with a return of +4.2%, while the worst month was Mar 2020 at -5.4%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.

On a daily basis, SMSAX closed higher 42% of trading days. The best single day was Mar 25, 2020 with a return of +3.0%, while the worst single day was Mar 16, 2020 at -3.3%.

SEI Institutional Managed Trust Multi-Strategy Alternative Fund has an annualized alpha of 0.86%, beta of 0.17, and R² of 0.51 versus S&P 500 Index. Calculated based on daily prices since April 05, 2010.

• This fund participated in 24.56% of S&P 500 Index downside but only 19.82% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.17 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

SMSAX has a high expense ratio of 1.35%, indicating above-average management fees.

SMSAX ranks 94 for risk / return — in the top 94% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for SEI Institutional Managed Trust Multi-Strategy Alternative Fund (SMSAX) and compare them to a chosen benchmark (S&P 500 Index).

SEI Institutional Managed Trust Multi-Strategy Alternative Fund provided a 5.04% dividend yield over the last twelve months, with an annual payout of $0.51 per share.

The table displays the monthly dividend distributions for SEI Institutional Managed Trust Multi-Strategy Alternative 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 Institutional Managed Trust Multi-Strategy Alternative 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 Institutional Managed Trust Multi-Strategy Alternative Fund was 10.98%, occurring on Mar 18, 2020. Recovery took 56 trading sessions.

The current SEI Institutional Managed Trust Multi-Strategy Alternative Fund drawdown is 3.28%.

The chart below shows the rolling one-month volatility.