SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund
STVYX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 2 Oliver St Boston MA United States of America 02109
- IPO Date
- Apr 30, 2015
- CIK
- 0000804239
- Website
- holdings.seic.com
- Similar Companies
- Business
- SEI Institutional Managed Trust - Tax-Managed Managed Volatility Fund (STVYX) is an open-end mutual fund that seeks to maximize after-tax returns for investors with a lower level of volatility than the broad U.S. equity markets. The Fund, part of SEI Institutional Managed Trust established under SEI Investments Management Corporation (SIMC), headquartered in Oaks, Pennsylvania, invests at least 80% of its net assets in securities of U.S. companies across all capitalization ranges, primarily common stocks of less volatile issuers; it employs tax-management techniques such as controlling portfolio turnover, prioritizing sales of high-tax-cost stocks, and opportunistically harvesting losses to offset gains. The Fund uses a multi-manager approach with SIMC and multiple sub-advisers providing model portfolios implemented via an overlay manager to construct holdings weighted by expected risk and return, irrespective of market cap or industry, targeting long-term returns akin to the Russell 3000 Index but with reduced beta and volatility; top holdings include Microsoft Corp., Cisco Systems Inc., Johnson & Johnson, Apple Inc., and Walmart Inc. The Fund operates within the U.S. large value equity segment, targeting institutional and high-net-worth investors seeking tax-efficient, low-volatility domestic equity exposure through Class Y shares with a minimum initial investment of $100,000. It maintains a portfolio with significant allocations to technology (e.g., Microsoft, Cisco, Apple), healthcare (e.g., Johnson & Johnson, AbbVie), consumer defensive (e.g., Walmart), and industrials (e.g., Waste Management), alongside cash equivalents like SEI Daily Income Trust - Government Fund. Recent major changes include portfolio management updates effective in 2024, with Stephen C. Dolce and Dante D’Orazio departing as portfolio managers across SIMT funds including STVYX, and additions of Ryan McKeon, CFA (Portfolio Manager/Analyst since 2024), Cory Furlong, CFA (Portfolio Manager/Analyst since 2024 for related funds), alongside continued oversight by Eugene Barbaneagra, CFA, John Csaszar, CFA, and David L. Hintz, CFA. In May 2024, the Fund's principal strategies were refined to emphasize sub-adviser model aggregation via overlay management for enhanced tax efficiency and risk control, with no sub-adviser additions or terminations noted specifically for STVYX but broader SIMT shifts including new sub-advisers like Leeward Investments for small-cap peers. These adjustments align with SEI Investments Company's ongoing evolution as a $1.6 trillion asset manager-administrator as of December 2024, focusing on institutional multi-manager platforms.