Fund Evaluator:

SEI Large Cap Index F (SIMT) Overview

SEI Large Cap Index F (SIMT) (SLGFX) is a passively managed U.S. Equity Large Blend fund. SEI launched the fund in 2018.

The investment seeks to track the performance of the Russell 1000 Index (the index) that measures the investment return of large-capitalization stocks. Under normal circumstances, the fund will invest substantially all of its assets (at least 80% of its net assets, plus the amount of any borrowings for investment purposes) in securities (mostly common stocks) of companies that are included in the index. The index measures the performance of the large-cap segment of the U.S. equity universe and includes approximately 1000 of the largest securities based on their market capitalization. The fund is non-diversified.

About SEI Large Cap Index F (SIMT) (SLGFX)

There are 6 members of the management team with an average tenure of 6.41 years: Emiliano Rabinovich (2022), David Hintz (2018), Mark Krivitsky (2018), Jason Collins (2018), Ryan McKeon (2024), Karl Schneider (2018). 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 Russell 1000 TR USD index with a weighting of 100%. SEI Large Cap Index F (SIMT) has 1030 securities in its portfolio. The top 10 holdings constitute 34.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

SEI Large Cap Index F (SIMT) is part of the Equity global asset class and is within the U.S. Equity fund group. SEI Large Cap Index F (SIMT) has 0.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.3%. There is 0.6% 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 Large Cap Index F (SIMT) has 2.0% of the portfolio in cash.

Assets Under Management

The fund has $1 billion 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.

SLGFX 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 Large Cap Index F (SIMT) expense ratio is below average compared to funds in the Large Blend category. SEI Large Cap Index F (SIMT) has an expense ratio of 0.25%, which is 69% 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 Large Cap Index F (SIMT) has a portfolio turnover rate of 4%, indicating that holds its assets around 0.3 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of August 2026, SEI Large Cap Index F (SIMT) returned 2.8%, which earned it a grade of A, 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 Large Cap Index F (SIMT) has a trailing yield of 0.83%, which is above the 0.55% 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 Large Cap Index F (SIMT) Grades

Year to date, the fund has returned 12.8%, 1.2 percentage points better than the category, which translates into a grade of B. The fund has returned 19.5% over the past year (grade of C), 20.5% over the past three years (grade of B) and 11.8% per year over the past five years (grade of C).

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