Fund Evaluator:

SEI Diversified Equity Overview

SEI Diversified Equity (DAACX) is an actively managed U.S. Equity Large Blend fund. SEI launched the fund in 2022.

The investment seeks capital appreciation. Under normal circumstances, and when the fund is an active component of the Adviser Managed Strategy, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of U.S. and non-U.S. issuers of various market capitalizations and industries.

About SEI Diversified Equity (DAACX)

There are 7 members of the management team with an average tenure of 4.09 years: Thomas Coleman (2022), Jason Collins (2023), Emiliano Rabinovich (2022), Olga Winner (2022), David Hintz (2022), Kathleen Morgan (2022), Karl Schneider (2022). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. SEI Diversified Equity has 1708 securities in its portfolio. The top 10 holdings constitute 30.3% 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 Diversified Equity is part of the Equity global asset class and is within the U.S. Equity fund group. SEI Diversified Equity has 15.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 75.6%. There is 15.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). SEI Diversified Equity has 9.3% of the portfolio in cash.

Assets Under Management

The fund has $410 million in total assets, which is below the $6 billion average for the Large Blend 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.

DAACX 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 Diversified Equity expense ratio is average compared to funds in the Large Blend category. SEI Diversified Equity has an expense ratio of 0.52%, which is 36% 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 Diversified Equity. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of August 2026, SEI Diversified Equity returned 2.6%, which earned it a grade of B, as the Large Blend category had an average return of 2.1%. 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 Diversified Equity has a trailing yield of 0.48%, which is below the 0.55% category average. The fund normally distributes its income annually 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 Diversified Equity Grades

Year to date, the fund has returned 13.4%, 1.7 percentage points better than the category, which translates into a grade of B. The fund has returned 20.2% over the past year (grade of B) and 17.5% over the past three years (grade of D).

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