Fund Evaluator:

SEI Multi-Asset Income Y (SIMT) Overview

SEI Multi-Asset Income Y (SIMT) (SLIYX) is an actively managed Allocation Tactical Allocation fund. SEI launched the fund in 2014.

The investment seeks total return with an emphasis on current income. Under normal circumstances, the fund will seek to generate total return with an emphasis on income by selecting investments from among a broad range of asset classes based upon SEI Investments Management Corporation's (SIMC) or the sub-adviser's (each, a Sub-Adviser and collectively, the Sub-Advisers) expectations for income and, to a lesser extent, capital appreciation. The asset classes used and the fund's allocations among asset classes will be determined based on SIMC's or the Sub-Adviser's views of fundamental, technical or valuation measures.

About SEI Multi-Asset Income Y (SIMT) (SLIYX)

There are 9 members of the management team with an average tenure of 4.22 years: Steven Treftz (2012), Eugene Barbaneagra (2023), Anthony Karaminas (2023), Paul Seary (2016), Aakash Thombre (2022), Lindsay Rosner (2024), Rishi Kapur (2025), John McClain (2025), Matt Schavey (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 4 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100%, Bloomberg US Agg Bond TR USD index with a weighting of 45%, ICE BofA US HY Constnd TR USD index with a weighting of 40% and MSCI ACWI NR USD index with a weighting of 15%. SEI Multi-Asset Income Y (SIMT) has 972 securities in its portfolio. The top 10 holdings constitute 14.2% 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 Multi-Asset Income Y (SIMT) is part of the Allocation global asset class and is within the Allocation fund group. SEI Multi-Asset Income Y (SIMT) has 23.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 13.7%. There is 11.5% allocated to foreign stock, and 2.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 67.6% (55.2% domestic bond, 12.4% foreign bond and 0.1% convertible bond). SEI Multi-Asset Income Y (SIMT) has 5.2% of the portfolio in cash.

Assets Under Management

The fund has $128 million in total assets, which is below the $222 million average for the Tactical Allocation 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.

SLIYX 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 Multi-Asset Income Y (SIMT) expense ratio is above average compared to funds in the Tactical Allocation category. SEI Multi-Asset Income Y (SIMT) has an expense ratio of 0.70%, which is 60% 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 Multi-Asset Income Y (SIMT) has a portfolio turnover rate of 59%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 196% for the Tactical Allocation category.

Recently, in the month of July 2026, SEI Multi-Asset Income Y (SIMT) returned 1.1%, which earned it a grade of A, as the Tactical Allocation category had an average return of -0.9%. 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 Multi-Asset Income Y (SIMT) has a trailing yield of 5.68%, which is above the 2.86% category average. The fund normally distributes its income monthly.

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 Multi-Asset Income Y (SIMT) Grades

Year to date, the fund has returned 4.1%, 4.3 percentage points worse than the category, which translates into a grade of F. The fund has returned 8.1% over the past year (grade of F), 8.9% over the past three years (grade of D) and 3.7% per year over the past five years (grade of D) and 4.9% per year over the past 10 years (grade of D).

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