- ISIN
- US7839251672
- CUSIP
- 783925167
- Issuer
- SEI
- Inception Date
- Mar 30, 2010
- Category
- Multistrategy
- Min. Investment
- $100,000
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
Share Price Chart
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Performance
SMSAX Performance Chart
SEI Institutional Managed Trust Multi-Strategy Alternative Fund (SMSAX) is up 7.5% since the beginning of the year. SMSAX is currently trading at $11 per share. Investors who bought $1,000 worth of SMSAX shares 5 years ago would now be looking at an investment worth $1,274.
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Returns By Period
SEI Institutional Managed Trust Multi-Strategy Alternative Fund (SMSAX) has returned 7.53% so far this year and 15.64% over the past 12 months. Over the last ten years, SMSAX has returned 4.82% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
SEI Institutional Managed Trust Multi-Strategy Alternative Fund
- 1D
- 0.28%
- 1M
- 2.10%
- YTD
- 7.53%
- 6M
- 7.57%
- 1Y
- 15.64%
- 3Y*
- 10.11%
- 5Y*
- 4.97%
- 10Y*
- 4.82%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SMSAX Monthly Returns History
Based on dividend-adjusted daily data since Apr 1, 2010, SMSAX's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, an investment would double in approximately 21.4 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.81% | 2.07% | -1.84% | 2.36% | 2.40% | 0.56% | 7.53% | ||||||
| 2025 | 1.06% | -0.63% | -1.47% | 0.00% | 2.46% | 2.50% | 0.71% | 1.31% | 1.30% | 0.98% | 0.88% | 1.10% | 10.62% |
| 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% | -0.43% | 1.53% | 1.29% | -0.64% | 0.11% | -1.17% | 2.38% | 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% | 0.48% | -4.95% |
| 2021 | -0.10% | 1.83% | -0.66% | 1.62% | 0.00% | -0.19% | -1.59% | 0.67% | -0.28% | 0.38% | -1.32% | 1.18% | 1.47% |
Benchmark Metrics
SEI Institutional Managed Trust Multi-Strategy Alternative Fund has an annualized alpha of 1.03%, beta of 0.17, and R2 of 0.51 versus S&P 500 Index. Calculated based on daily prices since April 01, 2010.
- This fund participated in 23.82% of S&P 500 Index downside but only 19.98% 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.
- Alpha
- 1.03%
- Beta
- 0.17
- R²
- 0.51
- Upside Capture
- 19.98%
- Downside Capture
- 23.82%
Expense Ratio
SMSAX has a high expense ratio of 1.35%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SMSAX ranks 90 for risk / return — in the top 90% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SEI Institutional Managed Trust Multi-Strategy Alternative Fund (SMSAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SMSAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.37 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.29 | 2.78 | +1.51 |
| Martin ratioReturn relative to average drawdown | 18.29 | 12.44 | +5.85 |
Dividends
Dividend History
SEI Institutional Managed Trust Multi-Strategy Alternative Fund provided a 4.72% dividend yield over the last twelve months, with an annual payout of $0.51 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.51 | $0.51 | $0.52 | $0.41 | $0.19 | $0.75 | $0.29 | $0.10 | $0.45 | $0.22 | $0.01 | $0.25 |
Dividend yield | 4.72% | 5.08% | 5.54% | 4.35% | 2.13% | 7.61% | 2.79% | 1.01% | 4.94% | 2.20% | 0.07% | 2.66% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.51 |
| 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 | $0.19 | $0.19 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.75 | $0.75 |
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.
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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 10.98%, occurring on Mar 18, 2020. Recovery took 56 trading sessions.
The current SEI Institutional Managed Trust Multi-Strategy Alternative Fund drawdown is 0.09%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -10.98%Mar 2020 | 23d | 2mo 22d | 3mo 15dFeb 2020 - Jun 2020 |
Bear market2022 | -9.72%Jul 2022 | 1y 1mo | 1y 5mo | 2y 6moJun 2021 - Dec 2023 |
2016 pullback2016 | -7.52%Feb 2016 | 1y 7mo | 1y | 2y 7moJul 2014 - Feb 2017 |
Rate-hike selloffLate 2018 | -6.03%Dec 2018 | 10mo 25d | 1y 1mo | 2y 3dFeb 2018 - Feb 2020 |
2025 selloff2025 | -5.93%Apr 2025 | 1mo 18d | 1mo 5d | 2mo 23dFeb 2025 - May 2025 |
Drawdown Indicators
| SMSAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.98% | -56.78% | +45.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.66% | -9.10% | +5.44% |
Max Drawdown (3Y)Largest decline over 3 years | -5.93% | -18.90% | +12.97% |
Max Drawdown (5Y)Largest decline over 5 years | -9.22% | -25.43% | +16.21% |
Max Drawdown (10Y)Largest decline over 10 years | -10.98% | -33.92% | +22.94% |
Current DrawdownCurrent decline from peak | -0.09% | -1.80% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -2.10% | -10.71% | +8.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 2.03% | -1.17% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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