Fund Evaluator:

SEI Global Managed Volatility A (SIIT) Overview

SEI Global Managed Volatility A (SIIT) (SGMAX) is an actively managed International Equity Global Large-Stock Value fund. SEI launched the fund in 2016.

The investment seeks capital appreciation with less volatility than the broad global equity markets. The fund will typically invest in securities of U.S. and foreign companies of all capitalization ranges. Under normal circumstances, the fund will invest in at least three countries outside of the U.S., but will typically invest much more broadly. It is expected that at least 40% of the fund's assets will be invested in non-U.S. securities. The fund will invest primarily in companies located in developed countries, but may also invest in companies located in emerging markets.

About SEI Global Managed Volatility A (SIIT) (SGMAX)

There are 12 members of the management team with an average tenure of 7.45 years: Brendan Bradley (2016), Puneet Mansharamani (2016), Jason Collins (2016), David Hintz (2024), Greg Sleight (2016), Guy Lakonishok (2016), Jason Karceski (2016), John Csaszar (2024), Fanesca Young (2024), Gal Skarishevsky (2025), Josef Lakonishok (2016), Menno Vermeulen (2016). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI ACWI Ex USA NR USD index with a weighting of 100% and MSCI World NR USD index with a weighting of 100%. SEI Global Managed Volatility A (SIIT) has securities in its portfolio. The top 10 holdings constitute 0.0% 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 Global Managed Volatility A (SIIT) is part of the Equity global asset class and is within the International Equity fund group. SEI Global Managed Volatility A (SIIT) 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 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). SEI Global Managed Volatility A (SIIT) has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $1 billion in total assets, which is above the $503 million average for the Global Large-Stock Value 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.

SGMAX 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 Global Managed Volatility A (SIIT) expense ratio is below average compared to funds in the Global Large-Stock Value category. SEI Global Managed Volatility A (SIIT) has an expense ratio of 0.24%, which is 77% lower than its category average, making the fund expense ratio grade a A. 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 Global Managed Volatility A (SIIT) has a portfolio turnover rate of 102%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Global Large-Stock Value category.

Recently, in the month of July 2026, SEI Global Managed Volatility A (SIIT) returned 3.7%, which earned it a grade of B, as the Global Large-Stock Value category had an average return of 2.9%. 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 Global Managed Volatility A (SIIT) has a trailing yield of 2.16%, which is above the 1.78% 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 Global Managed Volatility A (SIIT) Grades

Year to date, the fund has returned 12.4%, 0.2 percentage points worse than the category, which translates into a grade of C. The fund has returned 20.6% over the past year (grade of D), 16.1% over the past three years (grade of C) and 11.0% per year over the past five years (grade of C) and 9.7% per year over the past 10 years (grade of D).

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