Fund Evaluator:

SEI US Managed Volatility A (SIIT) Overview

SEI US Managed Volatility A (SIIT) (SVYAX) is an actively managed U.S. Equity Mid-Cap Value fund. SEI launched the fund in 2008.

The investment seeks capital appreciation with less volatility than the broad U.S. equity markets. The fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of U.S. companies of all capitalization ranges. These securities may include common stocks, preferred stocks, interests in real estate investment trusts, ETFs and warrants. It may also invest in ADRs and securities of non-U.S. companies. The fund uses a multi-manager approach, relying on a number of Sub-Advisers with differing investment philosophies to manage portions of the fund's portfolio under the general supervision of SIMC.

About SEI US Managed Volatility A (SIIT) (SVYAX)

There are 12 members of the management team with an average tenure of 8.20 years: Brendan Bradley (2025), Puneet Mansharamani (2011), Jason Collins (2016), David Hintz (2024), Greg Sleight (2014), Guy Lakonishok (2014), Jason Karceski (2014), John Csaszar (2024), Fanesca Young (2025), Gal Skarishevsky (2025), Josef Lakonishok (2011), Menno Vermeulen (2011). 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 MSCI World Minimum Vol (USD) NR USD index with a weighting of 100%. SEI US Managed Volatility A (SIIT) has 192 securities in its portfolio. The top 10 holdings constitute 16.0% 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 US Managed Volatility A (SIIT) is part of the Equity global asset class and is within the U.S. Equity fund group. SEI US Managed Volatility A (SIIT) has 3.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.4%. There is 3.2% 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 US Managed Volatility A (SIIT) has 0.4% of the portfolio in cash.

Assets Under Management

The fund has $380 million in total assets, which is below the $650 million average for the Mid-Cap 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.

SVYAX 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 US Managed Volatility A (SIIT) expense ratio is below average compared to funds in the Mid-Cap Value category. SEI US Managed Volatility A (SIIT) has an expense ratio of 0.20%, which is 81% 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 US Managed Volatility A (SIIT) has a portfolio turnover rate of 69%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Mid-Cap Value category.

Recently, in the month of August 2026, SEI US Managed Volatility A (SIIT) returned 2.7%, which earned it a grade of A, as the Mid-Cap Value category had an average return of 1.1%. 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 US Managed Volatility A (SIIT) has a trailing yield of 1.41%, which is above the 0.85% 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 US Managed Volatility A (SIIT) Grades

Year to date, the fund has returned 14.6%, 2.3 percentage points worse than the category, which translates into a grade of D. The fund has returned 15.7% over the past year (grade of D), 15.1% over the past three years (grade of C) and 9.6% per year over the past five years (grade of B) and 10.1% per year over the past 10 years (grade of C).

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