SEI Institutional Managed Trust Multi-Strategy Alternative Fund (SMSAX)
The investment seeks to generate an absolute return with reduced correlation to the stock and bond markets. The advisor employs a strategy intended to generate an absolute (i.e., positive) return in various market cycles with reduced correlation to the stock and bond markets. The fund allocates its assets among a variety of investment strategies through the use of: (i) affiliated and unaffiliated funds, including open-end funds, closed-end funds and exchange traded funds (underlying funds); and/or (ii) one or more investment sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers).
Fund Info
US7839251672
783925167
Mar 30, 2010
$100,000
Expense Ratio
SMSAX has a high expense ratio of 1.35%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
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.
Returns By Period
SEI Institutional Managed Trust Multi-Strategy Alternative Fund had a return of 1.37% year-to-date (YTD) and 8.23% in the last 12 months. Over the past 10 years, SEI Institutional Managed Trust Multi-Strategy Alternative Fund had an annualized return of 1.46%, while the S&P 500 had an annualized return of 11.31%, indicating that SEI Institutional Managed Trust Multi-Strategy Alternative Fund did not perform as well as the benchmark.
SMSAX
1.37%
0.21%
3.37%
8.23%
2.63%
1.46%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of SMSAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.06% | 1.37% | |||||||||||
| 2024 | -0.64% | 1.18% | 1.91% | -0.31% | 1.15% | -0.52% | 1.35% | 0.31% | 1.63% | -0.30% | 2.01% | -1.46% | 6.42% |
| 2023 | 1.64% | -0.43% | -0.22% | -0.22% | -0.44% | 1.53% | 1.29% | -0.64% | 0.11% | -1.17% | 2.37% | 3.25% | 7.21% |
| 2022 | -0.61% | 0.41% | -0.00% | -1.94% | -1.87% | -2.76% | 0.44% | 0.65% | -1.94% | 1.76% | 0.43% | 0.49% | -4.94% |
| 2021 | -0.10% | 1.83% | -0.66% | 1.62% | 0.00% | -0.19% | -1.59% | 0.67% | -0.28% | 0.38% | -1.32% | -4.82% | -4.54% |
| 2020 | 0.10% | -0.73% | -5.37% | 3.01% | 2.49% | 1.48% | 1.45% | 1.64% | 0.71% | 0.90% | 4.17% | -0.34% | 9.57% |
| 2019 | 2.07% | 0.64% | -0.32% | 1.38% | -1.57% | 1.38% | 0.84% | -1.04% | 1.05% | 0.31% | -0.52% | 0.58% | 4.85% |
| 2018 | 1.40% | -1.08% | -0.90% | 0.50% | 0.00% | -0.30% | 0.70% | 0.20% | 0.30% | -2.47% | -0.20% | -4.76% | -6.56% |
| 2017 | 0.31% | 1.33% | -0.30% | 0.71% | 0.60% | 0.10% | 0.40% | 0.40% | 0.30% | 0.20% | -0.00% | -0.84% | 3.24% |
| 2016 | -1.39% | 0.43% | 1.40% | -0.42% | 0.96% | 0.21% | 1.16% | 0.63% | 0.41% | -0.93% | 1.15% | 0.38% | 4.03% |
| 2015 | -0.91% | 1.94% | 0.00% | -0.20% | 0.30% | -1.60% | 0.41% | -1.72% | -1.13% | 1.46% | -0.00% | -2.34% | -3.82% |
| 2014 | -0.50% | 1.51% | -0.00% | 0.00% | 0.59% | 0.79% | -0.78% | 0.69% | -1.57% | -0.20% | 0.60% | -0.44% | 0.66% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 84, SMSAX is among the top 16% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for SEI Institutional Managed Trust Multi-Strategy Alternative Fund (SMSAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
SEI Institutional Managed Trust Multi-Strategy Alternative Fund provided a 5.46% dividend yield over the last twelve months, with an annual payout of $0.52 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.52 | $0.41 | $0.20 | $0.13 | $0.05 | $0.10 | $0.16 | $0.03 | $0.01 | $0.15 | $0.16 |
Dividend yield | 5.46% | 5.54% | 4.35% | 2.14% | 1.29% | 0.52% | 1.01% | 1.76% | 0.25% | 0.07% | 1.62% | 1.58% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.52 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
| 2014 | $0.16 | $0.16 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
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 15.07%, occurring on Jul 14, 2022. Recovery took 555 trading sessions.
The current SEI Institutional Managed Trust Multi-Strategy Alternative Fund drawdown is 0.21%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.07% | Jun 14, 2021 | 274 | Jul 14, 2022 | 555 | Sep 27, 2024 | 829 |
| -13.27% | Feb 2, 2018 | 534 | Mar 18, 2020 | 113 | Aug 27, 2020 | 647 |
| -8.45% | Jul 7, 2014 | 405 | Feb 11, 2016 | 306 | May 1, 2017 | 711 |
| -5.55% | May 3, 2011 | 111 | Oct 7, 2011 | 507 | Oct 16, 2013 | 618 |
| -2.44% | Dec 7, 2020 | 6 | Dec 14, 2020 | 37 | Feb 8, 2021 | 43 |
Volatility
Volatility Chart
The current SEI Institutional Managed Trust Multi-Strategy Alternative Fund volatility is 1.21%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.