- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 2 Oliver St Boston MA United States of America 02109
- IPO Date
- Oct 17, 2007
- Business
- SEI Institutional Managed Trust - Mid-Cap Fund Class I (SIPIX) is an open-end mutual fund that seeks long-term capital appreciation by investing at least 80% of its net assets in equity securities of medium-sized U.S. companies, with a focus on mid-cap blend style across diversified sectors including industrials, financial services, healthcare, and technology; it may also hold cash and non-U.S. stocks in limited allocations. The fund employs a multi-manager approach under the supervision of SEI Investments Management Corporation (SIMC), allocating assets to sub-advisers for active management while SIMC oversees unallocated portions, targeting market-like returns with blend characteristics. Available primarily to institutional investors with a minimum initial investment of $100,000, it features a net expense ratio around 0.98% and daily pricing in USD.
Part of the SEI Institutional Managed Trust, a U.S.-domiciled series trust managed by SEI Investments Company, SIPIX operates within the mid-cap blend category, serving retirement plans, institutions, and high-net-worth clients seeking exposure to U.S. mid-cap equities. The fund invests in public equity markets across sectors like consumer cyclical, utilities, real estate, energy, materials, consumer staples, and communication services, with top holdings typically comprising less than 7% of the portfolio for diversification. Geographically concentrated in the United States (over 95% of assets), it maintains minor exposures to regions such as Africa, Latin America, and the Eurozone.
SEI Investments Company, founded in 1968 and headquartered in Oaks, Pennsylvania, provides the platform for SIPIX and oversees a range of institutional trusts and funds through its global offices in the U.S., Canada, Europe, Asia, and the Middle East. The broader SEI ecosystem includes collective investment trusts and multi-asset strategies, with SIMC as the adviser directing sub-adviser allocations.
In recent developments, SEI updated asset allocation methodologies in early 2025 for certain equity strategies, incorporating new ETFs like Global X Aging Population ETF and Global X E-Commerce ETF, reflecting ongoing optimization of risk-adjusted models that may influence mid-cap portfolio construction. The fund continues standard operations without reported acquisitions, major funding rounds, or sub-adviser changes in 2024-2025, maintaining its core mid-cap focus amid strong mid-cap equity performance driven by improved market risk appetite. SIPIX also distributed a recent dividend of $0.03 per share as of December 2025, supporting shareholder returns.