Fund Evaluator:
SEI Real Estate F (SIMT) (SETAX)
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Best Performing in Real Estate Over the Last Year
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Fund Details
SEI Real Estate F (SIMT) Overview
SEI Real Estate F (SIMT) (SETAX) is an actively managed Sector Equity Real Estate fund. SEI launched the fund in 2003.
The investment seeks total return, including current income and capital appreciation. Under normal circumstances, the fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of real estate companies (e.g., common stocks, rights, warrants, exchange-traded funds (ETFs), convertible securities and preferred stocks of real estate investment trusts (REITs) and real estate operating companies (REOCs)). Generally, it will invest in real estate companies operating in the United States.
About SEI Real Estate F (SIMT) (SETAX)
There are 5 members of the management team with an average tenure of 8.92 years: Eric Rothman (2011), David Hintz (2024), Jason Collins (2016), Dean Frankel (2011), Cory Furlong (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Wilshire US RESI TR USD index with a weighting of 100%. SEI Real Estate F (SIMT) has 62 securities in its portfolio. The top 10 holdings constitute 46.5% 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 Real Estate F (SIMT) is part of the Equity global asset class and is within the Sector Equity fund group. SEI Real Estate F (SIMT) has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.3%. 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 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). SEI Real Estate F (SIMT) has 1.8% of the portfolio in cash.
Assets Under Management
The fund has $54 million in total assets, which is below the $667 million average for the Real Estate 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.
SETAX 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 Real Estate F (SIMT) expense ratio is high compared to funds in the Real Estate category. SEI Real Estate F (SIMT) has an expense ratio of 1.14%, which is 7% lower than its category average, making the fund expense ratio grade a C. 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. SEI Real Estate F (SIMT) has a portfolio turnover rate of 72%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 78% for the Real Estate category.
Recently, in the month of July 2026, SEI Real Estate F (SIMT) returned 2.5%, which earned it a grade of B, as the Real Estate category had an average return of 2.0%. 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 Real Estate F (SIMT) has a trailing yield of 1.56%, which is below the 2.02% category average. The fund normally distributes its income quarterly 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 Real Estate F (SIMT) Grades
Year to date, the fund has returned 17.1%, 0.6 percentage points better than the category, which translates into a grade of B. The fund has returned 18.7% over the past year (grade of B), 11.8% over the past three years (grade of A) and 4.8% per year over the past five years (grade of A) and 6.1% per year over the past 10 years (grade of A).
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SETAX 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 |
|
| SETAX Return (NAV) | 2.5% | 4.3% | 18.7% | 11.8% | 4.8% | 6.1% |
| SETAX Grade | B | B | B | A | A | A |
| +/- Category | 0.5% | 0.6% | 0.4% | 2.0% | 1.7% | 0.8% |
| Real Estate Avg | 2.0% | 3.7% | 18.4% | 9.8% | 3.1% | 5.3% |
| SETAX Tax Cost Ratio | na | na | 2.8% | 1.9% | 1.9% | 2.4% |
SETAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SETAX Return (NAV) | 17.1% | 1.9% | 10.7% | 15.7% | -25.8% | 43.9% | -3.5% | 25.3% | -5.9% | 5.2% | 6.7% |
| SETAX Grade | B | C | A | A | C | B | B | F | D | D | B |
| +/- Category | 0.6% | 0.5% | 4.2% | 3.4% | 0.3% | 2.1% | 0.2% | -3.3% | 0.1% | -1.4% | 0.5% |
| Real Estate Avg | 16.5% | 1.3% | 6.5% | 12.3% | -26.1% | 41.8% | -3.8% | 28.6% | -6.0% | 6.6% | 6.1% |
| Risk Measures | |
| Standard Deviation: | 16.2% |
| Total Risk Index: | 1.32 - Above Average |
| Category Risk Index: | 1.00 - Average |
| Category Risk Grade: | C (45% Rank) |
| Beta: | 0.96 |
| R-Squared: | 56% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 1.6% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $77 Mil |
| Fund Total Assets: | $ 55 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 72% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 15.3 years | |||
| Average Tenure: 8.9 years | |||
| Managers (Year): Rothman Eric (2011), Frankel Dean (2011), Collins Jason (2016), Furlong Cory (2024), Hintz David (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 62 |
| % in Top 10 Holdings: | 46.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 98.3% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.8% |
Purchase Information
| Fund Family: | SEI |
| Phone Number: | 800-342-5734 |
| Website: | www.seic.com |
| Status: | Open |
| Inception Date: | November 13, 2003 |
| 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 (%): | 1.14% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.23% |
| Share Class: | SEI Real Estate F (SIMT) |
| Min. Subsequent Purchase: | $1,000 |
| Min. Subsequent IRA Purchase: | $ 0 |
