Fund Evaluator:
SEI Conservative Income F (SIMT) (COIAX)
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Fund Details
SEI Conservative Income F (SIMT) Overview
SEI Conservative Income F (SIMT) (COIAX) is an actively managed Taxable Bond Ultrashort Bond fund. SEI launched the fund in 2016.
The investment seeks principal preservation and a high degree of liquidity while providing current income. 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 debt securities that the fund's sub-adviser (the Sub-Adviser) believes present minimal credit risks to the fund. It will invest at least 25% of its assets in securities issued by companies in the financial services industry, but may invest less than 25% of its assets in this industry as a temporary defensive measure.
About SEI Conservative Income F (SIMT) (COIAX)
There are 5 members of the management team with an average tenure of 7.06 years: Edward Ingold (2019), Eric Hiatt (2016), Richard Bamford (2016), Anthony Karaminas (2021), Philip Terrenzio (2022). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and ICE BofA US 3M Trsy Bill TR USD index with a weighting of 100%. SEI Conservative Income F (SIMT) has 163 securities in its portfolio. The top 10 holdings constitute 0.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
SEI Conservative Income F (SIMT) is part of the Fixed Income global asset class and is within the Taxable Bond fund group. SEI Conservative Income F (SIMT) has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.5% (0.5% domestic bond, 0.0% foreign bond and 0.0% convertible bond). SEI Conservative Income F (SIMT) has 99.5% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is above the $950 million average for the Ultrashort Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
COIAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The SEI Conservative Income F (SIMT) expense ratio is below average compared to funds in the Ultrashort Bond category. SEI Conservative Income F (SIMT) has an expense ratio of 0.30%, which is 33% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. A portfolio turnover rate cannot be currently calculated for SEI Conservative Income F (SIMT). By way of comparison, the average portfolio turnover is 77% for the Ultrashort Bond category.
Recently, in the month of July 2026, SEI Conservative Income F (SIMT) returned 0.3%, which earned it a grade of C, as the Ultrashort Bond category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
SEI Conservative Income F (SIMT) has a trailing yield of 3.75%, which is below the 4.21% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
SEI Conservative Income F (SIMT) Grades
Year to date, the fund has returned 2.1%, 0.0 percentage points better than the category, which translates into a grade of B. The fund has returned 3.8% over the past year (grade of F), 4.6% over the past three years (grade of F) and 3.6% per year over the past five years (grade of C) and 2.4% per year over the past 10 years (grade of F).
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COIAX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| COIAX Return (NAV) | 0.3% | 0.9% | 3.8% | 4.6% | 3.6% | 2.4% |
| COIAX Grade | C | C | F | F | C | F |
| +/- Category | 0.0% | -0.0% | -0.3% | -0.6% | -0.0% | -0.3% |
| Ultrashort Bond Avg | 0.3% | 0.9% | 4.1% | 5.2% | 3.6% | 2.7% |
| COIAX Tax Cost Ratio | na | na | 1.5% | 1.8% | 1.4% | 1.0% |
COIAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| COIAX Return (NAV) | 2.1% | 4.2% | 5.2% | 5.1% | 1.5% | 0.0% | 0.5% | 2.2% | 1.9% | 1.0% | na |
| COIAX Grade | B | F | F | F | A | C | F | F | B | F | na |
| +/- Category | 0.0% | -0.6% | -0.7% | -0.8% | 1.7% | -0.1% | -1.0% | -0.9% | 0.2% | -0.6% | na |
| Ultrashort Bond Avg | 2.1% | 4.9% | 5.9% | 5.9% | -0.2% | 0.1% | 1.5% | 3.1% | 1.7% | 1.6% | 1.5% |
| Risk Measures | |
| Standard Deviation: | 0.2% |
| Total Risk Index: | 0.02 - Low |
| Category Risk Index: | 0.39 - Low |
| Category Risk Grade: | A (1% Rank) |
| Beta: | 0.00 |
| R-Squared: | 4% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 3.8% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1044 Mil |
| Fund Total Assets: | $1,035 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | na |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 10.3 years | |||
| Average Tenure: 7.1 years | |||
| Managers (Year): Hiatt Eric (2016), Bamford Richard (2016), Ingold Edward (2019), Karaminas Anthony (2021), Terrenzio Philip (2022) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 163 |
| % in Top 10 Holdings: | 0.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.5% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 99.5% |
Purchase Information
| Fund Family: | SEI |
| Phone Number: | 800-342-5734 |
| Website: | www.seic.com |
| Status: | Open |
| Inception Date: | April 22, 2016 |
| Min. Initial Purchase: | $100,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.30% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.45% |
| Share Class: | SEI Conservative Income Y (SIMT) |
| Min. Subsequent Purchase: | $1,000 |
| Min. Subsequent IRA Purchase: | $ 0 |
