SMUYX – SEI Multi-Strategy Alternative Y (SIMT) Investment Strategy | Morningstar

Morningstar

Strategy

The investment seeks to generate an absolute return with reduced correlation to the stock and bond markets. The advisor employs a strategy intended to generate an absolute (i.e., positive) return in various market cycles with reduced correlation to the stock and bond markets. The fund allocates its assets among a variety of investment strategies through the use of: (i) affiliated and unaffiliated funds, including open-end funds, closed-end funds and exchange traded funds (underlying funds); and/or (ii) one or more investment sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers).

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
SMSAX	SEI Institutional Managed Trust Multi-Strategy Alternative Fund Class F	Institutional	Open		—	Mar 31, 2010	$222.07M	1.350%	Average	$100,000	−$29.91M
SMUYX	SEI Institutional Managed Trust Multi-Strategy Alternative Fund Class Y	Institutional	Open		—	Apr 30, 2015	$6.11M	1.100%	Low	$100,000	−$224,928.98

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