SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund (TMMAX)
The investment seeks to maximize after-tax returns, but with a lower level of volatility than the broad U.S. equity markets. The fund will typically invest in securities of U.S. companies of all capitalization ranges. These securities may include common stocks, preferred stocks, warrants and ETFs. It may also, to a lesser extent, invest in American Depositary Receipts (ADRs), real estate investment trusts (REITs), and securities of non-U.S. companies.
Fund Info
US7839252662
783925266
Dec 20, 2007
$100,000
Large-Cap
Value
Expense Ratio
TMMAX has a high expense ratio of 1.00%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund (TMMAX) returned 4.71% year-to-date (YTD) and 13.71% over the past 12 months. Over the past 10 years, TMMAX returned 9.45% annually, underperforming the S&P 500 benchmark at 10.84%.
TMMAX
4.71%
1.89%
-0.92%
13.71%
9.62%
12.11%
9.45%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of TMMAX, 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 | 2.65% | 2.46% | -0.56% | -1.23% | 1.37% | 4.71% | |||||||
| 2024 | 2.35% | 3.45% | 4.07% | -3.13% | 2.74% | 1.54% | 2.75% | 4.67% | 0.80% | -2.17% | 5.06% | -5.64% | 17.08% |
| 2023 | 0.21% | -1.62% | 2.12% | 2.50% | -3.10% | 3.98% | 0.57% | -1.10% | -2.89% | 0.35% | 5.38% | 1.05% | 7.32% |
| 2022 | -3.99% | -1.19% | 5.31% | -3.84% | -0.20% | -4.02% | 4.40% | -2.38% | -6.41% | 9.26% | 4.59% | -3.40% | -3.11% |
| 2021 | -1.12% | 0.00% | 6.20% | 3.46% | 1.71% | 0.71% | 2.42% | 2.93% | -4.87% | 5.75% | -2.06% | 7.36% | 24.10% |
| 2020 | 0.39% | -9.36% | -12.47% | 9.42% | 3.86% | -1.49% | 4.33% | 3.32% | -2.57% | -2.52% | 7.84% | 2.92% | 1.32% |
| 2019 | 5.32% | 3.72% | 1.03% | 1.82% | -2.55% | 4.81% | 0.65% | 0.52% | 1.50% | 0.63% | 2.66% | 1.84% | 24.00% |
| 2018 | 3.27% | -4.18% | -0.62% | 0.03% | 0.31% | 0.88% | 3.61% | 2.77% | 0.82% | -3.60% | 1.99% | -7.53% | -2.85% |
| 2017 | 0.68% | 4.33% | -0.13% | 0.77% | 1.36% | -0.45% | 1.74% | 0.19% | 0.82% | 1.29% | 3.54% | 0.18% | 15.19% |
| 2016 | -1.61% | 1.78% | 5.41% | -1.71% | 1.27% | 3.64% | 1.76% | -1.00% | -0.94% | -1.78% | 2.08% | 2.62% | 11.82% |
| 2015 | -0.07% | 2.48% | -0.21% | -0.86% | 1.61% | -1.86% | 3.27% | -4.58% | -0.57% | 4.04% | -0.42% | -0.31% | 2.23% |
| 2014 | -2.29% | 4.22% | 2.19% | 1.10% | 1.60% | 1.57% | -2.75% | 4.15% | -1.26% | 3.96% | 2.80% | 0.10% | 16.17% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 79, TMMAX is among the top 21% 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-Managed Managed Volatility Fund (TMMAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund provided a 22.52% dividend yield over the last twelve months, with an annual payout of $4.00 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 | $4.00 | $3.98 | $2.72 | $1.25 | $1.00 | $0.38 | $0.66 | $0.74 | $0.67 | $0.61 | $0.76 | $1.10 |
Dividend yield | 22.52% | 23.40% | 15.23% | 6.54% | 4.73% | 2.15% | 3.67% | 4.90% | 4.10% | 4.16% | 5.57% | 7.77% |
Monthly Dividends
The table displays the monthly dividend distributions for SEI Institutional Managed Trust Tax-Managed Managed Volatility 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 | $0.06 | $0.00 | $0.06 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $3.86 | $3.98 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $2.58 | $2.72 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $1.13 | $1.25 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.03 | $0.00 | $0.86 | $1.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.19 | $0.38 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.48 | $0.66 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.58 | $0.74 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.49 | $0.67 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.45 | $0.61 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.61 | $0.76 |
| 2014 | $0.04 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.96 | $1.10 |
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 Tax-Managed Managed Volatility 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-Managed Managed Volatility Fund was 41.49%, occurring on Mar 9, 2009. Recovery took 447 trading sessions.
The current SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund drawdown is 1.19%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -41.49% | Dec 26, 2007 | 301 | Mar 9, 2009 | 447 | Dec 14, 2010 | 748 |
| -33.4% | Feb 18, 2020 | 25 | Mar 23, 2020 | 212 | Jan 25, 2021 | 237 |
| -14.48% | Jul 8, 2011 | 22 | Aug 8, 2011 | 114 | Jan 20, 2012 | 136 |
| -14.39% | Apr 11, 2022 | 48 | Jun 17, 2022 | 273 | Jul 21, 2023 | 321 |
| -14.23% | Sep 24, 2018 | 64 | Dec 24, 2018 | 66 | Apr 1, 2019 | 130 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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