SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX)
The investment seeks preserving principal value and maintaining a high degree of liquidity while providing current income exempt from federal income taxes. Under normal circumstances, the fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. dollar-denominated municipal securities that the fund's sub-adviser (the Sub-Adviser) believes present minimal credit risks to the fund and that pay interest that (i) is exempt from federal income taxes and (ii) is not taxable under the federal alternative minimum tax applicable to individuals.
Fund Info
US78413L6395
Apr 21, 2016
$100,000
Expense Ratio
TFCYX has an expense ratio of 0.13%, which is considered low compared to other funds.
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 Tax-Free Conservative Income 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 Tax-Free Conservative Income Fund had a return of 0.23% year-to-date (YTD) and 3.22% in the last 12 months.
TFCYX
0.23%
0.23%
1.44%
3.22%
1.66%
N/A
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of TFCYX, 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 | 0.23% | 0.23% | |||||||||||
| 2024 | 0.25% | 0.26% | 0.28% | 0.30% | 0.28% | 0.27% | 0.35% | 0.27% | 0.29% | 0.18% | 0.24% | 0.22% | 3.24% |
| 2023 | 0.31% | 0.13% | 0.34% | 0.24% | 0.27% | 0.27% | 0.26% | 0.29% | 0.19% | 0.30% | 0.38% | 0.29% | 3.32% |
| 2022 | 0.00% | 0.00% | 0.01% | 0.02% | 0.04% | 0.05% | 0.06% | 0.13% | 0.13% | 0.19% | 0.27% | 0.14% | 1.05% |
| 2021 | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.11% |
| 2020 | 0.08% | 0.08% | 0.12% | 0.10% | 0.03% | 0.02% | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.46% |
| 2019 | 0.11% | 0.12% | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% | 0.11% | 0.11% | 0.11% | 0.09% | 0.10% | 1.41% |
| 2018 | 0.09% | 0.07% | 0.09% | 0.12% | 0.10% | 0.09% | 0.08% | 0.11% | 0.11% | 0.12% | 0.13% | 0.13% | 1.25% |
| 2017 | 0.00% | 0.00% | 0.05% | 0.04% | 0.04% | 0.05% | 0.06% | 0.05% | 0.06% | 0.06% | 0.06% | 0.09% | 0.56% |
| 2016 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 99, TFCYX is among the top 1% 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 Tax-Free Conservative Income Fund (TFCYX) 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 Tax-Free Conservative Income Fund provided a 3.16% dividend yield over the last twelve months, with an annual payout of $0.32 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.32 | $0.32 | $0.32 | $0.10 | $0.00 | $0.05 | $0.14 | $0.12 | $0.06 |
Dividend yield | 3.16% | 3.18% | 3.16% | 1.04% | 0.01% | 0.46% | 1.40% | 1.24% | 0.56% |
Monthly Dividends
The table displays the monthly dividend distributions for SEI Institutional Managed Trust Tax-Free Conservative Income 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 | $0.02 | $0.00 | $0.02 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.32 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.10 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 |
| 2019 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 |
| 2017 | $0.01 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.06 |
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 Tax-Free Conservative Income 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 Tax-Free Conservative Income Fund was 0.10%, occurring on Dec 16, 2022. Recovery took 9 trading sessions.
The current SEI Institutional Managed Trust Tax-Free Conservative Income Fund drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -0.1% | Dec 16, 2022 | 1 | Dec 16, 2022 | 9 | Dec 30, 2022 | 10 |
| -0.1% | Jan 15, 2021 | 1 | Jan 15, 2021 | 1 | Jan 19, 2021 | 2 |
| -0.1% | Feb 8, 2023 | 1 | Feb 8, 2023 | 13 | Feb 28, 2023 | 14 |
| -0.1% | Sep 26, 2022 | 1 | Sep 26, 2022 | 1 | Sep 27, 2022 | 2 |
| -0.1% | Feb 12, 2025 | 1 | Feb 12, 2025 | — | — | — |
Volatility
Volatility Chart
The current SEI Institutional Managed Trust Tax-Free Conservative Income Fund volatility is 0.27%, 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.