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SIMT Dynamic Asset Allocation Fund

mutual fund
SDYAX
Payout Change
Pending
Price as of:
$16.93 -0.03 -0.18%
primary theme
U.S. Large-Cap Blend Equity
share class
SDYAX (Mutual Fund)

SIMT Dynamic Asset Allocation Fund

Payout Change
Pending
Price as of:
$16.93 -0.03 -0.18%
primary theme
U.S. Large-Cap Blend Equity
share class
SDYAX (Mutual Fund)

SIMT Dynamic Asset Allocation Fund

Payout Change
Pending
Price as of:
$16.93 -0.03 -0.18%
primary theme
U.S. Large-Cap Blend Equity
share class

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$16.93

$715 M

2.34%

$0.40

1.18%

Vitals

YTD Return

13.7%

1 yr return

21.7%

3 Yr Avg Return

9.0%

5 Yr Avg Return

14.9%

Net Assets

$715 M

Holdings in Top 10

42.0%

52 WEEK LOW AND HIGH

$17.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.18%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$16.93

$715 M

2.34%

$0.40

1.18%

SDYAX - Profile

Distributions

  • YTD Total Return 13.7%
  • 3 Yr Annualized Total Return 9.0%
  • 5 Yr Annualized Total Return 14.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.56%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    SIMT Dynamic Asset Allocation Fund
  • Fund Family Name
    SEI Funds
  • Inception Date
    Jul 30, 2015
  • Shares Outstanding
    42897236
  • Share Class
    F
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Solloway

Fund Description

The Fund employs a dynamic investment strategy seeking to achieve, over time, a total return in excess of the broad U.S. equity market by selecting investments from among a broad range of asset classes or market exposures based upon SEI Investments Management Corporation's (SIMC or the Adviser) expectations of risk and return. Asset classes or market exposures in which the Fund may invest include U.S. and foreign equities and bonds, currencies, and investment exposures to various market characteristics such as interest rates or volatility. Assets of the Fund not allocated to the Fund's sub-adviser (the Sub-Adviser), as discussed below, are managed directly by SIMC.

The asset classes and market exposures used, and the Fund's allocations among them, are determined based on SIMC's views of fundamental, technical or valuation measures and may be dynamically adjusted (i.e. actively adjusted over long or short periods of time). The Fund may at any particular point in time be diversified across many exposures or concentrated in a limited number of exposures, including, possibly, a single asset class or market exposure.

Although the Fund will seek to achieve excess total return through its dynamic investment selection, it will also normally maintain, as a primary component of its strategy, passive exposure to the large capitalization U.S. equity market. To the extent that the Fund is not dynamically invested in other asset classes or market exposures, the Fund's assets will generally be passively invested in a portfolio of securities designed to track, before fees and expenses, the performance of the large capitalization U.S. equity market. This passive exposure to the large capitalization U.S. equity market is implemented by the Sub-Adviser.

The Fund may obtain asset class or market exposures by investing directly (e.g., in equity and fixed income securities and other instruments) or indirectly (e.g., through the use of other pooled investment vehicles, a wholly-owned subsidiary or derivative instruments, principally futures contracts, forward contracts, options and swaps). The particular types of securities and other instruments in which the Fund may invest are further described below.

Equity Securities — The Fund may invest in equity securities, including common stocks, preferred stocks, convertible securities, warrants (including equity-linked warrants) and depositary receipts of U.S. and non-U.S. issuers (including emerging markets) of various market capitalizations and industries.

Fixed Income Securities — The Fund may invest in fixed income securities that are investment or non-investment grade (also known as "junk bonds"), U.S.- or foreign-issued (including emerging markets), and corporate- or government-issued. The Fund's fixed income investments may include mortgage-backed securities, corporate bonds and debentures, commercial paper, money market instruments, mortgage dollar rolls, repurchase and reverse repurchase agreements, zero coupon bonds, structured notes, obligations of foreign governments, and obligations of either supranational entities issued or guaranteed by certain banks and entities organized to restructure the outstanding debt of such issuers.

The Fund's fixed income investments may also include U.S. Treasury obligations, obligations issued by agencies or instrumentalities of the U.S. Government and Treasury Inflation Protected Securities (TIPS) and other inflation-linked debt securities of both U.S. and non-U.S. governments and corporations.

The Fund may invest in fixed, variable and floating rate fixed income instruments. The Fund's portfolio and the Fund's investments in particular fixed income securities are not subject to any maturity or duration restrictions.

Other Instruments — The Fund may also invest in real estate investment trusts (REITs) and securities issued by U.S. and non-U.S. real estate companies.

Pooled Investment Vehicles — In addition to direct investment in securities and other instruments, the Fund may invest in affiliated and unaffiliated funds, including open-end funds, money market funds, closed-end funds and exchange-traded funds (ETFs), to obtain the Fund's desired exposure to a particular asset class.

Derivative and Commodity Instruments — The Fund may also purchase or sell futures contracts, forward contracts, options and swaps (including swaptions, caps, floors or collars) for return enhancement or hedging purposes or to obtain the Fund's desired exposure to a particular asset class or market exposure. Futures contracts, forward contracts and swaps may be used to synthetically obtain exposure to securities or baskets of securities and to manage the Fund's interest rate duration and yield curve exposure. These derivatives may also be used to mitigate the Fund's overall level of risk and/or the Fund's exposure to the risk of particular types of securities or market segments. The Fund may purchase or sell futures contracts (and options on futures contracts) on U.S. Government securities for return enhancement and hedging purposes. The Fund may purchase and sell forward contracts on currencies or securities for return enhancement and hedging purposes. Interest rate swaps are further used to manage the Fund's yield spread sensitivity.

Swaps may be used for return enhancement or hedging purposes. Securities index and single security swaps may be used to manage the inflation-adjusted return of the Fund or to more efficiently gain exposure to a particular security or basket of securities. The Fund may buy credit default swaps in an attempt to manage credit risk where the Fund has credit exposure to an issuer, and the Fund may sell credit default swaps to more efficiently gain credit exposure to a security or basket of securities. The Fund may also, to a lesser extent, purchase or sell put or call options on securities, indexes or currencies for return enhancement or hedging purposes or to obtain the Fund's desired exposure to a particular asset class or market exposure.

The Fund may seek to gain exposure to the commodity markets, in whole or in part, through investments in a wholly owned subsidiary of the Fund organized under the laws of the Cayman Islands (Subsidiary). The Subsidiary, unlike the Fund, may invest to a significant extent in commodities, commodity contracts, commodity investments and commodity-linked derivative instruments. The Subsidiary may also invest in other instruments in which the Fund is permitted to invest, either as investments or to serve as margin or collateral for its derivative positions. The Fund may invest up to 25% of its total assets in the Subsidiary. The Subsidiary is advised by SIMC.

Currency Exposure — The Fund may invest in U.S. dollar and non-U.S. dollar denominated securities. The Fund may also seek to enhance its return by actively managing the Fund's foreign currency exposure. In managing the Fund's currency exposure, the Fund may buy and sell currencies (i.e., take long or short positions) using futures, options and foreign currency forward contracts. The Fund may take long and short positions in foreign currencies in excess of the value of the Fund's assets denominated in a particular currency or when the Fund does not own assets denominated in that currency. The Fund may also engage in currency transactions in an attempt to take advantage of certain inefficiencies in the currency exchange market, to increase its exposure to a foreign currency or to shift exposure to foreign currency fluctuations from one currency to another. In managing its currency exposure from foreign securities, the Fund may buy and sell currencies for hedging or for speculative purposes.

Short Sales — The Fund may engage in short sales on equity securities that are expected to underperform the market or their peers. When the Sub-Adviser sells securities short, it may invest the proceeds from the short

sales in an attempt to enhance returns. This strategy may effectively result in the Fund having a leveraged investment portfolio, which results in greater potential for loss.

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SDYAX - Performance

Return Ranking - Trailing

Period SDYAX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.7% -0.8% 25.1% 46.26%
1 Yr 21.7% 0.2% 41.9% 58.70%
3 Yr 9.0%* -12.0% 15.7% 39.23%
5 Yr 14.9%* -2.2% 109.8% 25.55%
10 Yr N/A* 1.7% 20.7% N/A

* Annualized

Return Ranking - Calendar

Period SDYAX Return Category Return Low Category Return High Rank in Category (%)
2023 10.3% -42.6% 47.4% 82.61%
2022 -26.8% -56.3% -4.2% 84.20%
2021 17.7% -27.2% 537.8% 46.46%
2020 11.6% -22.5% 2181.7% 48.12%
2019 24.8% -13.5% 40.4% 40.84%

Total Return Ranking - Trailing

Period SDYAX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.7% -0.8% 25.1% 46.26%
1 Yr 21.7% 0.2% 41.9% 58.70%
3 Yr 9.0%* -12.0% 15.7% 39.23%
5 Yr 14.9%* -2.2% 109.8% 25.55%
10 Yr N/A* 1.7% 20.7% N/A

* Annualized

Total Return Ranking - Calendar

Period SDYAX Return Category Return Low Category Return High Rank in Category (%)
2023 21.1% -5.0% 47.4% 68.04%
2022 -16.5% -36.8% -2.2% 34.93%
2021 30.6% 3.0% 537.8% 9.23%
2020 19.9% -15.8% 2266.0% 25.17%
2019 26.8% -0.4% 241.3% 78.99%

NAV & Total Return History


SDYAX - Holdings

Concentration Analysis

SDYAX Category Low Category High SDYAX % Rank
Net Assets 715 M 2.34 M 1.55 T 60.83%
Number of Holdings 519 2 4048 9.55%
Net Assets in Top 10 343 M 848 K 446 B 57.06%
Weighting of Top 10 41.98% 0.3% 111.9% 19.34%

Top 10 Holdings

  1. SP500 EMINI FUT JUN24 PHYSICAL INDEX FUTURE. 16.89%
  2. MICROSOFT CORP COMMON STOCK 5.74%
  3. APPLE INC COMMON STOCK 4.57%
  4. NVIDIA CORP COMMON STOCK 4.09%
  5. AMAZON.COM INC COMMON STOCK 3.03%
  6. META PLATFORMS INC COMMON STOCK 1.96%
  7. ALPHABET INC-CL A COMMON STOCK 1.64%
  8. BERKSHIRE HATHAWAY INC-CL B COMMON STOCK 1.40%
  9. ALPHABET INC-CL C COMMON STOCK 1.38%
  10. BROKER: GOLDMAN SACHS REC: 4.35% FIXED 1.26%

Asset Allocation

Weighting Return Low Return High SDYAX % Rank
Stocks
80.98% 0.00% 120.26% 97.91%
Other
17.21% -13.91% 100.00% 1.28%
Cash
1.81% 0.00% 99.06% 33.23%
Preferred Stocks
0.00% 0.00% 2.52% 87.08%
Convertible Bonds
0.00% 0.00% 5.54% 86.47%
Bonds
0.00% -0.37% 92.99% 86.52%

Stock Sector Breakdown

Weighting Return Low Return High SDYAX % Rank
Technology
24.47% 0.00% 48.94% 45.75%
Healthcare
14.49% 0.00% 60.70% 45.83%
Financial Services
13.36% 0.00% 55.59% 54.25%
Consumer Cyclical
10.77% 0.00% 30.33% 46.65%
Communication Services
8.82% 0.00% 27.94% 37.75%
Industrials
8.18% 0.00% 29.90% 74.26%
Consumer Defense
6.89% 0.00% 47.71% 50.41%
Energy
4.81% 0.00% 41.64% 31.05%
Utilities
2.98% 0.00% 20.91% 27.86%
Real Estate
2.77% 0.00% 31.91% 49.84%
Basic Materials
2.47% 0.00% 25.70% 54.98%

Stock Geographic Breakdown

Weighting Return Low Return High SDYAX % Rank
US
80.98% 0.00% 120.26% 97.03%
Non US
0.00% 0.00% 63.90% 87.96%

SDYAX - Expenses

Operational Fees

SDYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.18% 0.01% 19.75% 26.58%
Management Fee 0.60% 0.00% 1.90% 65.97%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.30% 0.00% 0.85% 94.13%

Sales Fees

SDYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SDYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SDYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 268.00% 12.41%

SDYAX - Distributions

Dividend Yield Analysis

SDYAX Category Low Category High SDYAX % Rank
Dividend Yield 2.34% 0.00% 25.47% 98.71%

Dividend Distribution Analysis

SDYAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

SDYAX Category Low Category High SDYAX % Rank
Net Income Ratio 0.56% -54.00% 2.44% 57.87%

Capital Gain Distribution Analysis

SDYAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

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SDYAX - Fund Manager Analysis

Managers

James Solloway


Start Date

Tenure

Tenure Rank

Jul 30, 2015

6.84

6.8%

James Solloway, has served as a Portfolio Manager for the Dynamic Asset Allocation Fund and Managing Director of SEI’s Portfolio Strategy team for the Investment Management Unit since 2009, where he is responsible for strategic and active asset allocation research. Prior to joining SEI, Mr. Solloway served for 10 years as an Executive Director and portfolio manager at Morgan Stanley in New York. James is a member of the Expanded Value team and a portfolio manager for the US Equity strategy. He joined Morgan Stanley in 1998 and has 33 years of industry experience. Previously, he served as director of research and head of the equity management group at the Jacksonville-based Barnett Capital Advisors. James also spent 17 years at Argus Research Corp., an independent equity research firm in New York. He began his career at Rinfret Associates, an economics consulting firm. Mr. Solloway earned his Bachelor of Arts in Economics cum laude from Columbia University and his Master of Business Administration from Stern School of Business at New York University. He is a CFA Charterholder.

James Smigiel


Start Date

Tenure

Tenure Rank

Jul 30, 2015

6.84

6.8%

Jim Smigiel is Chief Investment Officer of Non-Traditional Strategies. He oversees alternative, hedge fund, property and multi-asset strategies. Previously, he oversaw SEI’s Portfolio Strategies Group and the Global Fixed Income team. Prior to joining SEI, Smigiel served as Portfolio Manager and Senior Investment Officer at PNC Advisors/BlackRock Financial Management, where he managed institutional fixed-income portfolios. Smigiel holds a Bachelor of Science degree in Economics from Drexel University.

Charles McGinn


Start Date

Tenure

Tenure Rank

Jul 30, 2015

6.84

6.8%

Charles McGinn is a Vice President of SSGA and a Senior Portfolio Manager in the Investment Solutions Group (ISG), where he manages a variety of portfolios. Mr. McGinn has extensive experience in trading derivatives. In addition to managing several of the group's separate accounts. Mr. McGinn is part of the team responsible for managing the Target Retirement series of portfolios as well as being the lead portfolio manager of the group's Country Selection strategy. As the lead portfolio manager of the Country Selection strategy, Mr. McGinn is responsible for recommending all of the investment calls. Mr. McGinn is also an active participant in making tactical calls in all of the portfolios where ISG has been given discretion. In addition, Mr. McGinn is responsible for the management of the SEI Dynamic Asset Allocation Funds registered in the United Sates and the United Kingdom. As a member of the Exposure Management Team within ISG, Mr. McGinn is responsible for the oversight of over $10 billion worth of client assets with exposure to equities and fixed income invested globally. As a result, Mr. McGinn has extensive experience in trading derivatives. Prior to his current role, Mr. McGinn was an operations analyst at SSGA, where he specialized in developed and emerging market equity funds. Mr. McGinn has been working in the investment management field since joined SSGA in 1988. Mr. McGinn is a graduate of Salem State College, where he earned a Bachelor of Science in Business Administration.

Tyhesha Harrington


Start Date

Tenure

Tenure Rank

Apr 15, 2016

6.13

6.1%

Ms. Harrington is a Vice President of State Street Global Advisors and a Senior Portfolio Manager in the Investment Solutions Group. Ms. Harrington is responsible for developing and implementing investment solutions for clients, including strategic and tactical global balanced funds, equitization and exposure management strategies, and country selection portfolios. Prior to joining SSGA, Ms. Harrington worked as a Portfolio Manager at PanAgora Asset Management, helping develop and implement passive U.S. and International equity strategies. Ms. Harrington's responsibilities also included running optimizations and trading. Prior to taking on these duties, Ms. Harrington was responsible for the daily implementation of PanAgora's U.S. Tactical Asset Allocation Strategy. Previously, Ms. Harrington was the manager of PanAgora's International Equity Operations team where she had been an associate immediately after college. Ms. Harrington has been working in the investment management field since 1995. Ms. Harrington holds Bachelor of Arts degrees in Psychology and Urban Studies from Boston University and a Master degree in Business Administration with a concentration in Finance from the Graduate School of Management at Boston University.

Steven Treftz


Start Date

Tenure

Tenure Rank

Dec 31, 2018

3.42

3.4%

Steven Treftz, CFA, joined SIMC in 2012, and is responsible for the oversight, monitoring and manager selection for the Investment Management Unit's Multi Asset and Short Duration strategies. Prior to his employment at SEI, Mr. Treftz was employed by Citi Private Bank where he was responsible for maintaining the firm's research opinions on third party international, global and emerging market equity managers. Prior to his employment at Citi Private Bank Mr. Treftz was employed by Lockwood Advisors, Inc. where he was responsible for the management of one of the firm's mutual fund/ETF wrap portfolio programs. Mr. Treftz earned a Bachelor's degree in Finance and Risk Management from Temple University. Mr. Treftz is also a CFA Charterholder and member of the CFA Society of Philadelphia.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.26 2.42