About TMMAX
SEI Tax-Managed Managed Volatility Fund Class F is a mutual fund designed to deliver maximized after-tax returns while targeting significantly lower volatility compared to the broad U.S. equity markets. The fund follows a multi-manager structure, incorporating the expertise of several sub-advisers, each bringing distinct investment approaches. This collaborative process is overseen by SEI Investments Management Corporation, which also directly manages a portion of the assets. The fund's strategy emphasizes a tax-efficient approach and constructs its portfolio by balancing expected risk and return, often leading to a portfolio with a lower beta and volatility than market benchmarks such as the Russell 3000 Index. Major holdings span technology, healthcare, financial services, and industrials, with top allocations to companies like Microsoft, Motorola Solutions, Progressive Corp, and Eli Lilly and Co. SEI’s process involves an overlay manager who aggregates and implements model portfolios supplied by each sub-adviser, aiming for efficient risk management, loss harvesting, and portfolio rebalancing. Targeted primarily at institutional investors, the fund is positioned within the large value category and seeks to combine stable equity exposure with minimized tax impacts and market risk.
Fund Family SEI
Category Large Value
Performance Rating Above Average
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol TMMAX
Share Class Class F
Index Russell 3000 TR
TMMAX had a total return of 7.87% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.00%.
