Fund Evaluator:

SEI Tax-Managed Small/Mid Cap Y(SIMT) Overview

SEI Tax-Managed Small/Mid Cap Y(SIMT) (STMPX) is an actively managed U.S. Equity Small Blend fund. SEI launched the fund in 2014.

The investment seeks high long-term after-tax returns. The fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of small and medium capitalization companies. The fund's investments in equity securities may include common and preferred stocks, warrants and, to a lesser extent, REITs, ETFs and securities of large capitalization companies.

About SEI Tax-Managed Small/Mid Cap Y(SIMT) (STMPX)

There are 15 members of the management team with an average tenure of 5.71 years: William Priebe (2024), Tony Batek (2018), A. Christopher Guthrie (2018), David Hintz (2017), Paul Bouchey (2014), Eugene Barbaneagra (2024), Jennifer Mihara (2024), Philip Greenblatt (2020), Jason Collins (2016), Jose Munoz (2024), Ted Chen (2021), Cory Furlong (2024), Rob Osborne (2025), James Eysenbach (2018), Joshua Schachter (2014). 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 2500 TR USD index with a weighting of 100%. SEI Tax-Managed Small/Mid Cap Y(SIMT) has 690 securities in its portfolio. The top 10 holdings constitute 9.9% 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 Tax-Managed Small/Mid Cap Y(SIMT) is part of the Equity global asset class and is within the U.S. Equity fund group. SEI Tax-Managed Small/Mid Cap Y(SIMT) has 2.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.5%. There is 2.6% 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 Tax-Managed Small/Mid Cap Y(SIMT) has 0.9% of the portfolio in cash.

Assets Under Management

The fund has $117 million in total assets, which is below the $685 million average for the Small 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.

STMPX 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 Tax-Managed Small/Mid Cap Y(SIMT) expense ratio is high compared to funds in the Small Blend category. SEI Tax-Managed Small/Mid Cap Y(SIMT) has an expense ratio of 0.99%, which is 5% 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 Tax-Managed Small/Mid Cap Y(SIMT) has a portfolio turnover rate of 36%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 66% for the Small Blend category.

Recently, in the month of July 2026, SEI Tax-Managed Small/Mid Cap Y(SIMT) returned -2.1%, which earned it a grade of B, as the Small Blend category had an average return of -2.8%. 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 Tax-Managed Small/Mid Cap Y(SIMT) has a trailing yield of 0.34%, which is below the 0.42% 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 Tax-Managed Small/Mid Cap Y(SIMT) Grades

Year to date, the fund has returned 15.2%, 3.0 percentage points worse than the category, which translates into a grade of D. The fund has returned 25.4% over the past year (grade of D), 13.7% over the past three years (grade of C) and 7.3% per year over the past five years (grade of C) and 9.4% per year over the past 10 years (grade of D).

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